## **THE J P MARLAND CHARITABLE TRUST**
# **TRUSTEES' REPORT AND UNAUDITED ACCOUNTS**
**FOR THE YEAR ENDED 1 OCTOBER 2021**
**Charity Number: 1049350**
**THE J P MARLAND CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2021**
||**Page**|
|---|---|
|**Trustees' Report**|**1 to 2**|
|**Legal and Administrative Information**|**3**|
|**Independent Examiner's Report**|**4**|
|**Statement of Financial Activities**|**5**|
|**Balance Sheet**|**6**|
|**Notes to the Financial Statements**|**7 to 11**|
**THE J P MARLAND CHARITABLE TRUST TRUSTEES' REPORT**
**FOR THE YEAR ENDED 1 OCTOBER 2021**
The trustees present their report and accounts for the year ended 1 October 2021.
The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's governing document, applicable law, and the requirements of the Charities SORP 2019 (FRS 102) and the Charities Act 2011.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity was established by a charitable trust deed on 6 September 1995 by Lord Marland and is registered with the Charity Commission for England and Wales (charity number 1049350).
## **TRUSTEES**
The trustees shown below have served during the whole of the period from 2 October 2020 to the date of this report.
Lord Marland of Odstock (Chairman) Carol Law Marcus Marland Hugo Marland
## **RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES**
New trustees are recruited and appointed by Lord Marland as and when vacancies arise. No outside party can appoint trustees.
## **ORGANISATIONAL STRUCTURE**
Lord Marland manages the day-to-day administration of the charity. The trustees meet as required.
## **RISK MANAGEMENT**
The trustees are responsible for identifying and reviewing the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable safeguards against fraud and error.
## **OBJECTIVES AND ACTIVITIES**
The charity's objects are to make donations to charitable institutions or individuals which are considered by the trustees to be worthy causes. The trustees remain committed to making donations to those charities that they consider to be of value and assistance to their particular field of expertise.
## **Public Benefit**
The trustees confirm that they have complied with the duty in s17(5) of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit, including 'Public Benefit: Reporting' [PB3]. As all donations are made to UK registered charities and Worldwide charities, the trustees believe that The J P Marland Charitable Trust is acting for the benefit of the public.
## **ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW**
The results for the year and financial position of the charity are shown in the attached financial statements.
Voluntary income of £34,353 (2020: £38,332) was received during the year of which £34,303 (2020: £34,157) was donated by Lord Marland and £50 (2020: £4,175) by other donors, together with reclaimable Gift Aid of £8,604 (2020: £8,600). During the year, investment income of £Nil (2020: £8) was also received.
Grants totalling £45,250 (2020: £133,700), were paid out to various charitable institutions during the year.
The cash position at the end of the year was £14,194 (2020: £4,878).
1
**FOR THE YEAR ENDED 1 OCTOBER 2021**
## **THE J P MARLAND CHARITABLE TRUST TRUSTEES' REPORT**
## **ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW (continued)**
The trustees pursue a policy of distributing the charity's income by way of donations within the scope of the net resources of the charity, with any surplus being added to reserves.
## **Reserves Policy**
The trustees' policy on the funding of reserves is based upon the Charity Commission document CC19 and therefore recognises the need to hold reserves in order to deal with adverse changes in the levels of income and expenditure in future years. At the year end, total unrestricted funds amounted to £933,447 (2020: £786,433) of which £913,073 (2020: £771,059) related to free reserves. Included in these figures are unrestricted investments held of £889,451 (2020: £763,782) which could be realised if circumstance ever required.
## **Investment Policy**
The investment policy is decided upon by the trustees, in accordance with the terms of the governing document. The trustees have delegated day-to-day responsibility for investments to Handelsbanken Wealth & Asset Management. The investments are held to achieve long-term capital growth, with ad hoc withdrawls made as and when required by the trustees in accordance with the charity's objects.
## **ON BEHALF OF THE BOARD OF TRUSTEES:**
## **Lord Marland of Odstock**
Trustee
25 July 2022
2
**THE J P MARLAND CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION**
**FOR THE YEAR ENDED 1 OCTOBER 2021**
|**Date of Trust**|6 September 1995|
|---|---|
|**Trustees**|Lord Marland of Odstock|
||Carol Law|
||Marcus Marland|
||Hugo Marland|
|**Charity Number**|1049350|
|**Principal Address**|78 Belgrave Road|
||London|
||SW1V 2BJ|
|**Independent Examiner**|Nicholas JonesFCCA|
||Fawcetts LLP|
||Chartered Accountants|
||Windover House|
||St. Ann Street|
||Salisbury|
||SP1 2DR|
|**Bankers**|Handelsbanken|
||2 London Road Office Park|
||London Road|
||Salisbury|
||SP1 3HP|
|**Investment Advisors**|Handelsbanken Wealth & Asset Management|
||No. 1 Kingsway|
||London|
||WC2B 6AN|
3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
## **THE J P MARLAND CHARITABLE TRUST**
I report to the charity trustees on my examination of the accounts of The J P Marland Charitable Trust for the year ended 1 October 2021, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. The accounts do not accord with those records; or
3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulation 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Nicholas Jones FCCA**
Fawcetts LLP Chartered Accountants Windover House St. Ann Street Salisbury SP1 2DR
26 July 2022
4
## **THE J P MARLAND CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 1 OCTOBER 2021**
|**Note**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
2
3
4
**Costs of generating funds**
6
**Charitable activities**
Grants payable
5
**Governance costs**
6
**Realised gain / (loss) on disposal of investments**
Unrealised gains on revaluation of investments
Fund balances at 1 October 2021
**RESOURCES EXPENDED**
Fund balances at 2 October 2020
Investment income
**Total expenditure**
**NET MOVEMENT IN FUNDS**
Voluntary income
Gift Aid receivable
**Total income**
Investment managers' fees
**NET INCOMING / (OUTGOING) RESOURCES BEFORE OTHER**
**RECOGNISED GAINS AND LOSSES**|**2021**
2020
**Unrestricted**
Unrestricted
**Total**
Total
**£**
£
**34,353**
38,332
**8,604**
8,600
**-**
8
**42,957**
46,940
**810**
60
**45,250**
133,700
**1,200**
1,170
**47,260**
134,930
**5,013**
(8,187)
**710**
(96,177)
**146,304**
27,839
**147,014**
(68,338)
**786,433**
854,771
**933,447**
786,433|
|---|---|
There were no other recognised gains or losses other than those stated above.
The notes form part of these financial statements
5
## **THE J P MARLAND CHARITABLE TRUST BALANCE SHEET**
## **1 OCTOBER 2021**
|**Note**
**FIXED ASSETS**
Investments
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
**CREDITORS: AMOUNTS DUE WITHIN ONE YEAR**
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS: AMOUNTS FALLING DUE**
**AFTER MORE THAN ONE YEAR**
**NET ASSETS**
**FUNDS**
Unrestricted funds
**TOTAL CHARITY FUNDS**|**2021**
**£**
**909,825**
**17,143**
**14,194**
**31,337**
**7,715**
**23,622**
**933,447**
**-**
**933,447**
**933,447**
**933,447**|2020
£
784,156
8,539
4,878|
|---|---|---|
|||13,417
6,140|
|||7,277
791,433
5,000|
|||786,433|
|||786,433|
|||786,433|
The financial statements were approved and authorised for issue by the Board of Trustees on 25 July 2022 and were signed on its behalf by:
## **Lord Marland of Odstock**
Trustee
The notes form part of these financial statements
6
**THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2021**
## **1. ACCOUNTING POLICIES**
## **1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) effective 1 January 2019, the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The charity does not meet the definition of a larger charity under the Charities SORP and is therefore exempt from the requirement to prepare a cash flow statement.
The financial statements are prepared on a going concern basis. The financial statements are prepared in Sterling (£) which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **1.2 FUND ACCOUNTING**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **1.3 INCOMING RESOURCES**
Voluntary income includes donations which are recognised as an incoming resources when received.
Investment income is credited to the Statement of Financial Activities in the period in which it is receivable. All other income is credited in the period in which it is received.
## **1.4 RESOURCES EXPENDED**
Liabilities are recognised as resources as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all costs related to the category.
Grants payable are payments made to third parties in furtherance of the charitable objects of the Trust. The grants are accounted for where the trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant.
Governance costs consist of costs not directly attributable to direct charitable expenditure, but which are in respect of the general administration of the charity and overall management of the funds.
## **1.5 INVESTMENTS**
Fixed asset investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.
Unrealised gains and losses are recognised in the Statement of Financial Activities. Realised gains are the difference between disposal proceeds and carrying value and are recognised in the Statement of Financial Activities under gains and losses on investments.
## **1.6 TAXATION**
The charity is exempt from corporation tax on its charitable activities.
7
**THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2021**
## **2. VOLUNTARY INCOME**
|Donations and gifts
**3.**
**OTHER INCOMING RESOURCES**
Gift Aid receivable
**4.**
**INVESTMENT INCOME**
Interest receivable
**5.**
**GRANTS PAYABLE**
Grants to institutions:
Mary Hare Foundation
Donation to The Queen's Platinum Jubilee Gift from Parliament
Somerset House Trust
Superpower
The Guggenheim UK Charitable Trust
Other Donations £1,000 or less (2021: 5, 2020: 2)
Action on Addiction
Commonwealth Enterprise and Investment Council
Commonwealth Walkway Trust
Cranborne Chase & Chalke Valley Landscape Partnership Scheme
Intensive Care Society
International Churchill Society
Mountview Academy
Quintessentially Foundation: The Felix Project
Salisbury Cathedral
St. Anthony's Shrine - Kochchikade, Sri Lanka
Zoological Society of London
Arts
Community / Nature / Teaching
Medical|**2021**
**£**
**34,353**
**2021**
**£**
**8,604**
**2021**
**£**
**-**
**2021**
**£**
**5,000**
**4,500**
**25,000**
**3,000**
**5,200**
**2,550**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**45,250**
**2021**
**£**
**33,200**
**12,050**
**-**
**45,250**|2020
£
38,332|
|---|---|---|
|||2020
£
8,600|
|||2020
£
8|
|||2020
£
-
-
-
3,000
14,500
500
1,000
2,400
12,500
5,000
5,000
12,300
25,000
2,000
15,000
10,500
25,000|
|||133,700|
|||2020
£
42,500
85,200
6,000|
|||133,700|
8
**THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2021**
## **6. TOTAL RESOURCES EXPENDED**
|**Costs of generating funds:**
Investment managers' fees
**Charitable activities:**
Grants payable
**Governance costs:**
Independent examiner's fee|**Total**
Total
**2021**
2020
**£**
£
**810**
60
**45,250**
133,700
**1,200**
1,170
**47,260**
134,930|
|---|---|
## **7. TRUSTEES**
None of the trustees (or any persons connected with them) neither received nor waived any remuneration during the year and none of them were reimbursed any expenses (2020: None).
The charity considers its key management personnel comprise the trustees. Key management personnel are not remunerated.
## **8. EMPLOYEES**
There were no employees during the year (2020: None) and consequently there were no staff costs for the year ended 1 October 2021 nor for the year ended 1 October 2020.
## **9. FIXED ASSET INVESTMENTS**
|Market value at 2 October 2020
Disposals at carrying value
Acquisitions at cost
Change in value
**Market value at 1 October 2021**
**Historical Cost**
**At 1 October 2021**
At 1 October 2020|**Quoted**
763,782
(120,615)
99,980
146,304
**889,451**
**556,870**
582,620|**Unquoted**
20,374
-
-
-
**20,374**
**38,624**
38,624|**Total**
784,156
(120,615)
99,980
-|
|---|---|---|---|
||||**909,825**|
||||**595,494**|
||||621,244|
9
**THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2021**
|**10. DEBTORS**
Gift Aid receivable
**11. CREDITORS: AMOUNTS FALLING WITHIN ONE YEAR**
Accruals
Accruals for grants payable
**12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Accruals for grants payable
**13. ALLOCATION OF THE CHARITY NET ASSETS**
The net assets are held as unrestricted funds:
Fixed
Assets
£
Unrestricted funds
909,825
Total
909,825
Fixed
Assets
£
Unrestricted funds
784,156
Total
784,156
Prior year net assets held for the various funds
were as follows:|Net Current
Assets
£
23,622
23,622
Net Current
Assets
£
7,277
7,277|**2021**
**£**
**17,143**
**17,143**
**2021**
**£**
**2,715**
**5,000**
**7,715**
**2021**
**£**
**-**
**-**
Creditors
more than
one year
£
-
-
Creditors
more than
one year
£
(5,000)
(5,000)|2020
£
8,539|
|---|---|---|---|
||||8,539|
||||2020
£
1,140
5,000|
||||6,140|
||||2020
£
5,000|
||||5,000|
||||**Total**
**£**
**933,447**|
||||**933,447**|
||||**Total**
**£**
**786,433**|
||||**786,433**|
10
## **THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2021**
## **14. RELATED PARTY TRANSACTIONS**
Lord Marland donated £34,303 during the year (2020: £34,157) to The J P Marland Charitable Trust. In the prior year, The J P Marland Charitable Trust received £4,100 from Tricouni Brand Limited, a company of which Lord Marland was a director.
Lord Marland is a trustee of the following charitable trusts that received grants from The J P Marland Charitable Trust during the year: The Guggenheim Charitable Trust £5,200 (2020: £14,500), International Churchill Society £Nil (2020: £12,300), The Commonwealth Walkway Trust £Nil (2020: £12,500), and Commonwealth Enterprise and Investment Council £Nil (2020: £2,400).
11