REGIsfERED CHARITY NUMBER: 1070223
THE F AND E HARRIS MEMORIAL TRUST
REPORT OF THE TRUSTEES AND
UNAUDITED FXNANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

THE F AND E HARRIS MEMORIAL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Statement of Flnancial Position
Notes to the Financial Statements
8 to 12
Detailed Statement of Financlal Actlvities
13

THE F AND E HARRIS MEMORIAL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH JUNE 2024
The trustees present their report with the financial statements of the charity for the year ended
30th JLJne 2024. The trustees have adopted the provisions of 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 UK and Republic of Ireland (FRS 102) (effective I
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To relieve either generally or individually persons resldent in the area of beneflt who are in condition of
need, hardship or distress, sickness or ill health.
Provide or contribute towards the provision maintenance or repair of vlllage facllities available for the
residents of South Narston.
Advance the education of persons resident In South Marston by the provision of flnancial a5SlStance In
connection with their education.
Proposed Eastern Expansion
HHT Consortium ex
an5ion
Since 2008 It has become clear that a major development West of Swlndon was Inevitable. In 2013 HHT
applied for outllne plannlng permission for 2380 dwellings which was granted in 2017, Matters have
proceeded appallingly slowly but the detailed planning to fulfil the various conditions 15 proceeding apace
and the Trustees are very aware of the grants that may be applied for. The Parish Council has sought a
positive working relationshlp with the developers allowlng it to play an active part in decisions.
Construction of the new prlmary road through the village should start before the end of the year and will
be initially for constructlon traffic only. As that come5 online the first 2 phases of about 130 houses
should start.
Slgnificant activities
Provision for transport by Dial-A-ride for senlor citizens of South Marston who do not have their own
transport. This includes transport to attend appointments at hospitals, doctors and other medical
facilities. The annual seaside trip was to Portsmouth/Southsea and the Annual Christmas market is to
Cardiff in November.
Provislon of transport by Barnes Coaches Ltd on a fortnlghtly basls for all residents of South Marston to
Swlndon and Cirencester, the trustees are providing a coach to Cirencester because some banks and
shops in Swindon have closed. This is provlded because the public transport to and from the village was
terminated and it is not likely to be reinstated until the expanded vlllage is completed.
Annual gift of Christma5 hampers to 157 senior citizens of South Marston.
Payment of rent for hire of village hall for the Tot-n-Toddlers Grou p and the church Meeting Point Club.
Hire of 2 defibrillators from Southwestern Ambulance Service situated at 2 strategic points in the village.
This service has been discontinued and the Trust have agreed to provide spare parts such as batteries
and pads as and when required.
Page I

THE F AND E HARRIS MEMORIAL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH JUNE 2024
OBJECTIVES AND ACTIVITIES
Significa nt activities continued
In addition to the above the Trust were able to make the followlng grant5:
Grant for 'South Marston In LSghts' where villager5 decorate and light up their propertles over the
Christmas period.
Grant to provide picnic tables and an 'all weather, path on the Recreation Ground.
Grant towards the repair of the church organ.
Grant for village 'Party in the Park,.
Grant for upgrading electrical system and flre regulatlons in the vlllage hall.
Grant to support South Marston Gardening Club annual flower and produce show.
Grant for a coach to take year 5 and 6 chlldren to Mary Arden Farm at Stratford Upon Avon.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Funding requests for items above have all been achieved.
Investment performance
Average ybeld for 202312024 was 2.8 010.
FINANCIAL REVIEW
Financial position
The Trust Portfollo market voluatlon at 30th June 2024 was £2,166,470 with a yield of 2.780/0. The actual
income was £58,192 and actual expendlture was £61,398 includlng £20,000 Snvestment wlth Brewin
Dolphln.
Investment policy and objectives
Brewin Dolphin of Marlborough has successfully managed the Trust Portfollo since the Trust was formed
by the Harris Family 20 years ago. They keep a close eye on the investment and keep the Trustees
Informed of every transaction they carry out. Their aim is to find the lowest level of risk with the highest
level of potential for achleving the Charity's objectives. Our Trustee, Nigel Hole, closely follow5 the
investment activity of the Trust and is happy with Brewin Dolphin's management.
Reserves pollcy
The intention Is not to expend more Income than the Trust receives. A current account balance of not
less than £20,000 is maintained. Any surplus funds a re invested.
Page 2

THE F AND E HARRIS MEMORIAL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH JUNE 2024
FINANCIAL REVIEW
Going concern
The Brewin Dolphin fees and charges from July to April amounted to £13,325 including VAT. The Trust
Portfolio investment is very diversified and unlikely to cause a problem.
Annual review with Myles Palmer 12th June 2024
The Trust grants made in 202312024 were explained to Myles Palmer of Brewin Dolphin and he was
pleased with the dSstribution of funds to benefit a cross section of villagers. He summarised performance..
2023 was like a game of two halves, we started the year with rates continuing to rise to try to counter
inflation which was becoming out of control. In the end we saw 14 rise5 over 14 months which was really
one of the fastest paces of increase5 we had ever seen. By October markets were forecasting that rates
would roll over in the beginning of the second quarter of 2024 and this led to much better market returns
especially form the major Tech companies in the USA.
2024 has so far seen the world markets dragged higher by the same major Tech companies which include
Apple, Microsoft, Google, Amazon, Nvidia, Tesla and Meta. On the other slde of the coin, we have seen
China really struggle with the collapse of the commercial real estate market and the Government support
is now in place but was probable too late and too small. We are still dealing with troubles in many part5
of the world and as I type, we are in the middle of an election In France, in two day5 the UK will have an
election and In November the USA wlll have on election.
We are Still quletly confident that rates wlll start to decrease, albeit at a slow rate but thls wlll provide a
reasonable backdrop for market5 and 50 we remain as fully invested as we can whi15t watching data to
see if some of the Impressive returns from the USA need to be taken before the election,
FUTURE PLANS
The intention of the Trust Is to continue to help the villagers of South Marston the best way they can. The
trustees are mlndful of the proposed large Eastern Expansion and bear this in mind when making grants
and Investments.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charlty Is controlled by Sts governing document, a deed of trust and constitutes an unlncorporated
charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1070223
Princlpal address
Highview
Thornhill Road
South Marston
SWINDON
Wiltshire
SN3 4RY
Trustees
Mr Terence Sansum (resigned 31 December 2023)
Mr Rlchard Sansum
Mr5 Mary Cooper (resigned 31 December 2023)
Mrs. Hazel Beaver
Mr Nigel Hole
Mrs Irena Skapin Osborne (appointed 01 January 2024)
Mr5 Robina Ann Taylor (appointed 01 January 2024)
Page 3

THE F AND E HARRIS MEMORIAL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH JUNE 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN14BG
Approved by order of the board of trustees on 19th September 2024 and signed on its behalf by,.
Mr N J Hole Trustee
Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE F AND E HARRIS MEMORIAL TRUST
Independent examiner's report to the trustees of The F and E Harris Memorial Trust
I report to the charity trustees on my examination of the accounts of The F and E Harris Memorial Trust
(the Trust) for the year ended 30th June 2024,
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and
in carrying out my examination I have followed all 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 glving me cause to believe that in any material respect.,
accounting records were not kept in respect of the Trust as requlred by Section 130 of the Act,. or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts glve a true and fair vlew which Is not a matter considered a5 part of
an independent examlnatlon.
I have no concerns and have come across no other matters in connection with the examinatlon to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
nna Wheeler ACA ￿A
Morris Owen
Chartered Accountants
43-45 Devlzes Road
SWINOON
Wiltshire
SNI 4BG
Date.,
Page 5

THE F AND E HARRIS MEMORIAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30TH JUNE 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
58,191
52,384
EXPENDITURE ON
Raising funds
14,976
14,436
Charitable activities
Charitable attivitie5
46,422
25,143
Total
61,398
39,579
Net gains on investments
168,023
58,357
NET INCOME
164,816
71,162
RECONCILIATION OF FUNDS
Total fu nds brought forward
2,032,255
1,961,093
TOTAL FUNDS CARRIED FORWARD
2,197,071
2,032,255
The notes form part of these financial statements
Page 6

THE F AND E HARRIS MEMORIAL TRUST
STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
FIXED ASSETS
Current Investments
2,114,481
1,895,017
CURRENT ASSETS
Debtors
Cash at bank
io
51,989
36,766
96,283
48,059
88,755
144,342
CREDITORS
Amounts falling due within one year
li
(6,165)
(7,104)
NET CURRENT ASSETS
82,590
137,238
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,197,071
2,032,255
NET ASSETS
2,197,071
2,032,255
FUNDS
Unrestricted funds
12
2,197,071
2,032,255
TOTAL FUNDS
2,197,071
2,032,255
The financlal statements were approved by the Board of Trustees and authorlsed for issue on
19th September 2024 and were signed on its behalf by..
Mr N J Hole- Trustee
The notes form part of these financial statements
Page 7

THE F AND E HARRIS MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024
CHARITY INFORMATION
The charity 15 unincorporated, formed by a trust deed and registered at the Charity Commission for
England & Wales.
The principal place of business is Highvlew, Thornhill Road, South Marston, Wilts., SN3 4RY.
These financial statements are presented in Britlsh Pounds (GBP), which Is the charity's functional
and presentational currency,
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102 have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by CharSties:
Statement of Recommended Practlce applicable to charities preparing their accounts in accorda nce
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)
(effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
appllcable in the UK and Republlc of Ireland, and the Charlties Act 2011. The financial statements
have been prepared under the historical cost convention, with the exception of investments which
are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognlsed In the Statement of Financlal Activltles once the charity has entitlement to
the funds, it 15 probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obllgation
committing the charlty to that expenditure, it Is probable that a transfer of economic benefits wlll
be required In settlement and the amount of the obligation can be measured reliably. Expenditure
is accounted for on an accruals basis and has been classified under headings that aggregate all
cost related to the category. Where costs cannot be directly attributed to particular headings they
have been allocated to actlvities on a basis consistent with the use of resources.
Grants offered subjert to condltlons which have not been met at the year end date are noted as a
commltment but not accrued as expenditure.
Investments
Investments are held at the market value as at the year end. The gains/losses on revaluatlon are
treated as unrealsied gains/los5es In the Statement of Financial Activltie5. The fund manager will
purchase and sell investment products to maximise the long term benefit to the charlty. The sales
proceeds on disposal of an investment are treated as the disposal figure (note 9 to the financial
statements} and form part of the unrea Ilsed gains/losse5 in the Statement of Financial Activitle5.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for particular
restritted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Financial instruments
Short term debtors are measured at transaction price, le55 any impairment. Loans receivable are
measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method, less any impairment.
Page 8
continued...

THE F AND E HARRIS MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024
ACCOUNTING POLICIES - continued
Financial instruments
Short term trade creditors are measured at the transaction price. Other financial Ilabilities
including loans, are measured initially at fair value, net of transaction costs, and are measured
subsequently at amortised cost using the effective Interest method.
INVESTMENT INCOME
2024
2023
Dividends
58,191
52,384
RAISING FUNDS
Investment management costs
2024
2023
Portfollo management
Administrative expenses
13,352
1,624
12,923
1,513
14,976
14,436
SUPPORT COSTS
Governance
costs
Charltable attlvltles
1,104
Support costs, Included In the above, are as follows:
2024
Charitable
activlties
2023
Total
activlties
Accountancy and legal fees
1,104
846
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30th June 2024 nor for
the year ended 30th June 2023.
Trustees. expenses
During the year, trustees were reimbursed a total of £3,254 (2023,. £9,843) for charity expenses
pald privately. These expenses relate to office and admin supplies.
Page 9
continued...

THE F AND E HARRIS MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricte
fund
INCOME AND ENDOWMENTS FROM
Investment income
52,384
EXPENDITURE ON
Raising funds
14,436
Charitable activities
Charitable activities
25,143
Total
39,579
Net galns on investments
58,357
NET INCOME
71,162
RECONCILIATION OF FUNDS
Total funds brought forward
1,961,093
TOTAL FUNDS CARRIED FORWARD
2,032,255
FIXED ASSET INVESTMENTS
There were no investment assets outside the UK.
CURRENT INVESTMENTS
Other
investment
MARKET VALUE
At 1st July 2023
Additions
Dlsposals
Revaluations
Reclassification/transfer
1,895,017
261,151
(229,710)
168,023
20,000
At 30th June 2024
2,114,481
NET BOOK VALUE
At 30th June 2024
2,114,481
At 30th June 2023
1,895,017
Page 10
continued...

THE F AND E HARRIS MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024
io.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
51,989
96,283
ii.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
6,165
7,104
12.
MOVEMENT IN FUNDS
Net
movement
n funds
At
30.6.24
At 1.7.23
Unrestricted funds
General fund
2,032,255
164,816
2,197,071
TOTAL FUNDS
2,032,255
164,816 2,197,071
Net movement in funds, included in the above are as follows,,
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
58,191
(61,398)
168,023
164,816
TOTAL FUNDS
58,191
(61,398)
168,023
164,816
Comparatives for movement in funds
Net
movement
in funds
At
30.6.23
At 1.7.22
Unrestricted funds
General fund
1,961,093
71,162
2,032,255
TOTAL FUNDS
1,961,093
71,162
2,032,255
Comparative net movement in fiJnds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
52,384
(39,579)
58,357
71,162
TOTAL FUNDS
52,384
{39,579)
58,357
71,162
Page 11
continued...

THE F AND E HARRIS MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024
12.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
At
30.6.24
At 1.7,22
Unrestricted funds
General fund
1,961,093
235,978
2,197,071
TOTAL FUNDS
1,961,093
235,978
2,197,071
A current year 12 months and prSor year 12 months combined net movement In funds, included in
the above are a5 follows,.
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
110,575
(100,977}
226,380
235,978
TOTAL FUNDS
110,575
(100,977)
226,380
235,978
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th June 2024,
Page 12

THE F AND E HARRIS MEMORIAL TRUST
DETAILED STATEMENT OF FINANCIAL ACTIvrriES
FOR THE YEAR ENDED 30TH JUNE 2024
2024
2023
INCOME AND ENDOWMENTS
Investment income
Dividends
58,191
52,384
Total incoming resources
58,191
52,384
EXPENDITURE
Investment management costs
Portfolio management
Adminlstrative expenses
13,352
1,624
12,923
1,513
14,976
14,436
Charitable activities
Contributions glven
45,318
24.297
Support costs
Governance costs
Accountancy and legal fees
Total resources expended
1,104
846
61,398
39,579
Net (expenditure)/lncome before gains and
losses
(3,207)
12,805
Vnrealised recognised gains and losses
U nrealised gains/(losses) on fixed asset
investments
168,023
58,357
Net income
164,816
71,162
This page does not fomi part of the statutory financial statements
Page 13