MARCH CIVIC TRUST
Flnanclal Statements
For the year ended 31 March 2024
Whitings LLP
Chartered Accountants
Fenland House
15B Hostmoor Avenue
March
Cambs
PE15 OAX

MARCH CIVIC TRUST
ANNUAL REPORT AND ACCOUNTS
For the
ear ended 31 March 2024
Trustees, Officers and Advisers:
Charity Trustees'.-
The Trustees of March Civic Trust who have
all seNed in Office during the year are..
Ms K Nightingale (Chairman)
Rev A Chandler (Vice Chairman)
Mr F J Grounds
Mr G H Taylor (retired 2 October 2023)
MsDRae
Ms S Lemmon
Mr M Louth
Mr C Lemmon
Officers:_
The Clerk to the Trustees:
Mrs S A Taylor
The Treasurer to the Trustees".
Ms S Lemmon
The Charity's Principle Office and
Registered Address is:
The Town Hall
Market Square
March
Cambs
Advisers:
Reportlng Accountants".
Whitings LLP
Chartered Accountants
Fenland House
15B Hostmoor Avenue,
March Cambs
PE15 OAX
Bankers:
Lloyds Bank PIC
3 North Brink
Wisbech Cambs
PE13 1JT
Legal Advisers:
Fraser Dawbams
29 Old ma￿et
Wisbech Cambs
PE13 1NP

MARCH CIVIC TRUST
ANNUAL REPORT OF THE TRUSTEES OF MARCH CIVIC TRUST
For the
ear ended 31 March 2024
The Truslees of the March Civic Trust present Iheir Annual Report for the year ended 31 March 2024.
Reference and Admlnlstratlve Information
The Charity wa5 fomied in 2000 and is registered with the Charity Commission under Charrty Number
1081320. The Trustees, Officers and Advisers are listed on page 1.
Structure. Govemance and Management
Governing Document
The Charity is govemed by its Trust Deed dated 27 January 2000 and Supplemental Tiust dated 19
April 2000.
Governing Bodies
The structure of the Charity consists of Trustees. details being set out on page 1.
Recruitment and Training of Tnjstees
The Trustees are appointed by the existing Trustees based on eligibility, personal expertise, specialist
skills and local knowledge.
Trustees are recruited to bring to the Charity a range of viewpoints and perspectNes. As part of the
induction, full details of the Charity's objectives a￿ provided and the day-to-day running of the Charity
explained. Full referen￿ is made to the obligations, duties and responsibilities of the Trustees. Also,
referen￿ is made to the websrte of the Charity Commissioners and the need to become fully familiar
with the contenl and regular reviews for updates.
The need for fomal training of Trustees is considered to be fairly limtted, wtth day-to-day skills being
obtained by experien￿ and spreading of knowledge be￿een existing Trustees and their Advisers.
The Trustees keep up-to-date with legislative and administration matters by referen￿ to the website
of the Charities Commission and consultation with their Advisers.
Objects
The Charity's Objects as set out in its Trust Deed, are to promote the benefit of the inhabitants of
March in Cambrsdgeshire, by associating the said inhabitants and the Local Authorits'es, voluntary and
other organisations in a common effort to.'_
a) advance education,.
b) relieve povety, sickness and distress;
c) provide facilities in the interests of social welfare for recreation and other leisure time
occupation, with the object of improving the conditions of life of the inhabitants of March.
Review of Activlties and Future Developments
The Statement of Financial Activities foi the period is set out on page 6 of Ihe Financial Statements.
A summary of the financial resuhs and work of the Charity is set out below:_
March Civic Trust was established to acquire, refurbish and manage the March Town Hall as a Town
resource. The purchase took place in August 2000, with a generous grant from Joan and Peter
Skoulding. Since Ihat date, the premises have been completely refurbished, with the support of many
organisations and grants. Ongoing rna1ntenan￿ and repairs continues to be dealt with, as arising.
The premises are now utilised by organisations within the Aims and Objectives and in Ihe opinion of
the Trustees, these include providers of important services to the people of March and the
surrounding villages and voluntary organisations, and all provide public benefit for the Town. In
addition, an attractive function room with catering facilities is available for use.

MARCH CIVIC TRUST
ANNUAL REPORT OF THE TRUSTEES OF MARCH CIVIC TRUST
For the
ear ended 31 March 2024
CONTINUED
The unrestricted general fund has increased from £19,542 at the beginning of the year. to £25.965 at
the end of the year due to an decrease in building repair expenses.
In planning the Charty's activities for the year. the Trustees kept in mind the Charity Commissioners,
guidance on Public Benefit and consider that the objective in this respect has been achieved.
The focus of the activities has been to provide facilities as set out in the Objects, lo relevant
organisations and inhabitants of March.
Future Plans
The premises will continue to provide rooms for use by organisations within the Aims and Objectives,
recreation and catering facilities and a very attractive function room for a WKle range of activities.
These are likely to include performing arts, visual arts, public meetings, fairs, AGMS, tourist
information, all in accordance with the Trust Objects.
The ongoing activity will be to manage these facilities, to ensure that a surplus arises, to achieve the
required reserve funds. However the trustees wish to repla￿ the remaining windows of the Town Hall
which are currently in a poor Condttion.
Reserves Policy
It is the policy of the Charity to maintain unrestricted funds, at a level which would cover routine
management and charitable expenditure budgeted for the next ￿e1ve months.
The Charity considers that unrestricted funds have now achieved such levels and the Trustees have
therefore established a designated Property Maintenance Fund to provide for cyclical and long term
maintenance of the premises.
The Trustees have agreed to make annual transfers of £5,000 to this fund if there is an available
surplus.
The premises are allocated to designated funds and no further changes beyond this are anticipated in
the foreseeable future.
Organlsation and Risk Management
The Trustees are responsible for preparing the Trustees, Report and the Financial Statements in
accordance with applicable law and United Kingdom Accounting Standards {UKGAAP).
The law appliGable to charities in England and Wales requires the Trustees to prepare Financial
Statements for each financial year which give a true and fair view of the state of affairs of the Charity
and of the incoming reSoUr￿S and application of resources of the Chartty for that period. In preparing
these Financial Statements, the Trustees are required to."_
select surtable accounting policies and then apply them consislentty"
observe the methods 8nd principles in the Charities SORP,.
made judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material
departures discbsed and explained in the Financial Statements., and
prepare the Financial Statements on the going concern basis unless it is inappropriate lo presume
that the Charty will CA)ntinue in operation.

MARCH CIVIC TRUST
ANNUAL REPORT OF THE TRUSTEES OF MARCH CIVIC TRUST
For the
ear ended 31 March 2024
CONTINUED
The Tiustees are responsible for keeping accounting records that disclose with reasonable accuracy
at any time the financial POSFtion of the Charity and enable them to ensure that the Financial
Statements comply with the Charities Act 2011, the applicable Chartties (Accounts and Reports)
Regulations and Trust Deed. They are also responsible for safeguarding the assets of the Charty
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
The systems of intemal control are designed to provide reasonable. but not absolute. assurance
against material misstatement or loss. They indude'.-
formal Agendas for all Trustee meetings.,
a strategic plan and an annual budget approved by the Trustees.,
regular consideration by the Trustees of financial results and variance from budgets,.
delegation of authority and segregation of duties- and
identifKation and management of risks.
The Trustees have, with advi￿ from their Accountants, introduced a fomal Risk Management
prO￿s$ to assess business iisks and implement Risk Management strategies. This involved
identifying the types of risks the Charity faces, prioritising them in tenns of potential impact and
likelihood of occurren￿. and identifying means of mitigating the risks. As part of this process. the
Trustees have reviewed the adequacy of the Charity's current internal controls. The Trustees are
pleased to report that the Charty's intemal financial controls, in particular. confonm wrth guidelines
issued by the Charity Commission.
The Trustees have considered the need for a specific internal audit function and have decided not to
appoint an internal auditor.
The Trustees no￿allY meet at least two times in each calendar year. During the year ended 31
March 2024 they held four meetings to consider and control the progress of the Charity.
Slg
alf of the Trustees on
1 1.L
. by:_
Ms S Lemmon

MARCH CIVIC TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MARCH CIVIC TRUST
I report on the Accounts of the Charity for the year ended 31 March 2024, which are set out on pages 6
to 10.
Res
ctive Res
onsibilities of Trustees and Examiner
The Charty's Trustees are responsible for the preparation of the Accounts. The Charity's Trustees
consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the
Charities Act) and that an independent examination is n￿ded.
It is my iesponsibilty to:_
examine the accounts under Section 145 of the Charities Act;
follow the prO￿dureS laid down in the general directions given by the Charty Commission
under Section 145(5)(b) of the Charities Act,. and
state whether particular matters have come to my attention.
Basis of Inde
endent Examinerfs Re
ort
My examination was carried out in aC(X)rdan￿ with the general directions given by the Charity
CommissK)n. An examination includes a review of the accounting records kept by the Charity and a
comparison of the Accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the Accounts, and seeking explan8trons from you as Trustees Con￿rning any
such matters. The pr¢xedures undertaken do not provide all the eviden￿ that would be required in an
audit, and consequentty no opinion is grven as to whether the Accounts present a Irue and fair view"
and the Report is limited to those matters set out in the Statement below.
Inde
endent Examinerfs Statement
In connection wtth my examination, no matter has corne to my attention:.
1. which gwes me reasonable cause to believe that, in any material respect, the requirements".-
to keep proper aC￿Unting records in accordance with Section 130 of the Charities Act,. and
to prepare accounts which accord wrth the accounting records and comply with the
accx)unting requirements of the Charrties Act have not been met,. or
2. to Wh￿h, in my opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
Date..
Ben Beech ACA
rtings LLP
Chartered Accountants
Fenland House
15B Hostmoor Avenue
March Cambs
PE15 OAX

MARCH CIVIC TRUST
STATEMENT OF FINANCIAL ACTIVITIES
For the
ear ended 31 March 2024
Note
2024
Total
2023
Restricted Unrestricted
Funds
Funds
INCOMING RESOURCES
Donations and legacies..
Donations
Grants
0.00
0.00
0.00
0.00
0.00
0.00
400.00
0.00
Charitable Activities..
Rents and SeThi￿ Charges
Received
Investmenl Income..
Bank Deposit Interest
0.00 33,889.21 33,889.21 33,742.48
0.00
199.58
199.58
35.48
Total incoming resources
RESOURCES EXPENDED
Charitable Activities:_
Repairs to Building
Rates
Insuran
Light and Heat and Water Charges
Legal and Professional Fees
Management of facilities
Depreciation
0.00 34 088.79 34 088.79 34 177.96
5.505.20
5,505.20 32,843.07
2.812.42
2,812.42
2,723.47
5,209.28
5,209.28
6,318.22
14,402.68 14,402.68 10,596.71
2,359.00
2,359.00
1,473.00
1,621.23
1,621.23
1,305.61
12 573.00 12 573.00 12 573.00
Total resources expended
44.482.81 44,482.81 67,833.08
NET INCOMEI
EXPENDITURE
0.00 (10,394.02) (10,394.02) (33,655.12)
0.00
0.00
0.00
0.00 (10.394.02) {10,394.02) (33,655.12)
Transfers be￿een funds
Net movement In funds
Reconcillation of funds:
Total funds brought fOr￿ard at
1 April 2023
400.00 522 335.19 522 735.19 556 390.31
Total funds carrted forward at
31 March 2024
400.00 511,941.17 512.341.17 522,735.19
The notes on pages 8 to 10 fomi part of these Accounts

MARCH CIVIC TRUST
BALANCE SHEET
As at 31 March 2024
Note
2024
2023
Fixed Assets:_
Tanglble assets
Fixtures and fittings
Freehold land and buildings
10,565.00
466 376.00
476,941.00
11,320.00
478 194.00
489,514.00
Current Assets:_
Debtors
Cash at Bank
2.156.97
43 452.72
45,609.69
714.00
37 573.13
38 288.95
Creditors: amounts falling due
within one year
10 209.52
5 067.76
Net Current Assets:
35 400.17
33 221.19
Total Assets less Current Llabllities:
£512.341.17
£522,735.19
Totsl Net Assets:
£512,341.17
£522.735.19
Funds of thè Charlty:.
Restricted Funds
Unrestricted General Fund
Designated Funds
0.00
25,965.17
486 376.00
0.00
19,542.19
503 193.00
Total Funds:
£512,341.17
£522,735.19
The Financial Statements on pages 6 to 10 were approved by the Trustees on
their behalf by:.
Ms S Lernmon
The notes on pages 8 to 10 form part of these Accounts

MARCH CIVIC TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
Accountlng Policies
Basis of Pre
aration
The Financial Statements have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise slated in the relevant notes to these
accounts, in accordance with the Statement of Recommended Practice.. Accounting and
Reporting by Chartties preparing their accounts in accordan￿ wilh the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 Juty 2014, and
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102),
and with the Charities Act 2011. The charity constitutes a public benefrt entity as defined by
FRSIO2.
Fund Accountin
General funds are unrestricted funds which are available for use al the discretion of the Trustees
in furtherance of the general objectives of the Charity and which have not been designated for
other purposes.
Designated funds are unrestricted funds eamarked by the Trustees for particular purposes.
Restricted funds are grants restricted by the donor.
Incomin
Resources
All incoming resources are induded in Ihe SOFA when the Charity is legally entitled to the
income and the amount can be quantified with reasonable accuracy.
Gifts in Kind donated for distribution are included at fair value and recognised as income when
they are distributed to the projects. Donated facilities are included at the value to the Charity
where this can be quantified and a third party is bearing the cost. No amounts are included in the
Financial Statements for ServI￿S donated by volunteers.
Grants
Grants received in respect of expenditure charged to the SOFA during the year have been
included in SOFA.
Resources Ex
ended
All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related to the category. ￿￿ere costs cannot be directly attributed to
particular headings they have been allocated to activities on a basis consistent with use of the
resources. Fund raising costs are those incurred in seeking voluntary contributions and do not
include the costs of disseminating infomiation in support of the charitable activilies. Govemance
costs are those incurred in connection with administration of the Charity and compliance with
constitutional and statutory requirements.
Tan
ible Fixed Assets and De
reciation
Tangible fixed assets are capitalised if they can be used for more than one year and cost more
than £1,000. They are valued at cost including any incidental expenses of acquisrtion.
Depreciation is provided on all tangible fixed assets at rates calculated lo write off the cost less
the estimated residual value on a straight line basis over their expected useful economic lives as
follows.'_
FTeehold land
Freehold buildings
Fixlures and rrtkn'ngs
over 50 years
over 3 to 20 years
2. Management of Facilltles
Independent Examinerfs fee
Accountancy fees
270
630
265
605

MARCH CIVIC TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
CONTINUED
3. Tanglble Fixed Assets
Freehold
land & buildings
Fixtures
& fittings
Cost
At 1 April 2023
Additions
31 March 2024
691,474
18,654
691474
De
reciation
At 1 April 2023
Charge for period
At 31 March 2024
213,280
7.334
755
225 098
Net Book Value
At 31 March 2023
At 31 March 2024
478 194
466 376
4. Debtors
2024
2023
Trade Debtors
Prepayments
2,156
714
714
5. Creditors.. amounts falling due within one year
Rent Re￿iVed in advance
Trade creditors
VAT liability
Accruals
5,160
2,463
328
3,125
1,483
409
51
6. Deslgnated Funds
Designated funds represent funds which are designated for a specffic purpose.
The Propety Fund of £466,376 represents the carying value of the Town Hall designated for use in
accordan￿ with the Chartty's Obj'ects.
The Property maintenan￿ Fund is for major expenditure to the fabric of the building.
Balance
Incnming
At1423
Resources
478.194
Expenditure
and transfers
11,818
Balan
at31324
466.376
Property Fund
Property maintenan￿ Fund

MARCH CIVIC TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
CONTINUED
7. Analysis of Net Assets between Funds
ReSt￿ted
Funds
Designated
Funds
General
Funds
Total
Tangible Fixed Assets
Current Assets
Current Liabilities
Total Net Assets
466,376
20,000
10,565
25,610
476,941
45,610
486 376
512 341
8. Transactions wlth Trustees and Related Partles
a) Trustee remunèration and benefrts
The Trustees neither received nor waived any emoluments during the year.
b) Trustees. expenses
The Trustees received no expenses during the year.
The Charity has paid a premiurn for Trustee indemnity Insuran￿ in the year.
c) Transactions wlth related partles
There have been no related paty transactions in the reporting period.
9. Capital Commltments
There were no capttal commitments in the year.
10

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March Civic Trust
Town Hall
Market Place
March
Cambridgeshire
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