2023-04-05-accounts

	Page
General information	2
Report ofthe trustees	3-4
Independent examiner's report	5
Statement oftrustees' responsibilities	6
Statement offinancial activities	7
Balance sheet	8
Cashflow	9
Accounting policies	10 - 11
Notes to the financial statements	12 - 15

Trustees	Austin Philip Marsden
	Valerie Judith Sloan Marsden
	AngusAustin Hodgart Marsden
	Rory John Roberts Marsden
	Pollyanna Cathryn Jope Marsden-Mallalieu
Address	77 Mount Ephraim
	Tunbridge Wells
	Kent
	TN4 8BS
Bankers	Handelsbanken
	London West End Branch
	3rd Floor
	86 Jermyn Street
	London
	SW1Y6JD
Investment Managers:	Handelsbanken Wealth & Asset Management
	77 Mount Ephraim
	Tunbridge Wells
	Kent
	TN4 8BS
Independent examiner	Mrs KWhiley
	BKM Accounting Services
	5Ashdown Chase
	Nutley
	East Sussex
	TN22 3LY
Registered charity number	1083247

		Unrestricted	Expendable	Total	Total
		Income	endowment	this year	last year
	Note	Fund	Fund	2023	2022
		£	£	£	£
Income resources
Voluntary Income Donations	1	60,000		60,000
Tax refund due on gift aid
Investment income	2	6,842		6,842	3,100
Total incoming resources		66,842		66,842	3,100
Resources expended
Cost of generating funds Investment management costs			2,895	2,895	3,590
Charitable activities
Grants made	3	104,544		104,544	92,067
Governance cost	4	3,657		3,657	3,467
Total resources expended		108,201	2,895	111,096	99,124
Net incomingl(outgoing) resources		(41,360)	(2,895)	(44,255)	(96,023)
before transfers
Gross transfers between funds		41,360	(41,360)
Net incomel(outgoing) resources before			(44,255)	(44,255)	(96,023)
other recognised gains and losses
Othe~ recognised gains and losses
Realised (losses)/gains on investment assets Unrealised (losses)/gains on investment assets	5 6		(7,769)	(7,769)	10,294
Net movements in funds			(52,024)	(52,024)	(85,730)
Fund balance broughtforward at 6 April 2022			439,629	439,629	525,359
Fund balance carried forward at 5 April 2023			387,605	387,605	439,629
		7

		Total	Total
	Note	this year	last year
		2023	2022
Fixed assets
Investment at market value	7	140,842	148,611
Current assets
Debtors	8
Cash at Handelsbanken		21,519	54,971
Cash at Handelsbanken Wealth and Asset Mgt		228,814	239,424
Creditors: amounts falling due within one year	9	(3,570)	(3,376)
Net current assets		246,763	291,018
Total assets less current liabilities		387,605	439,629
Funds
Expendable endowmentfund (page 7)		387,605	439,629
Unrestricted income fund (page 7)
		387,605	439,629

	2023	2022
Net income for the year	(44,255)	(96,023)
Adjustments for
Interest and dividends	(6,842)	(3,100)
Decrease/(lncrease) in debtors
(Decrease)/lncrease in creditors	194	(3,243)
Cash flows from operating activities	(50,903)	(102,366)
Cash flows from investing activities
Interest and dividends	6,842	3,100
Proceeds from sale of investments
Purchase of investments
Net cash used by investing activities	6,842	3,100
Change in cash and cash equivalents	(44,061)	(99,266)
Cash and cash equivalents brought forward	294,395	393,661
Cash and cash equivalents carried forward	250,334	294,395

		2023	2022
		£	£
1	Donations received
	Cash receipts not qualifying for gift aid:
	Return ofgrantfrom St Benets	60,000
	Cash receipts qualifying for gift aid:
	Philip Marsden
	Valerie Marsden
		60,000
	Shares:
2	Investment income
	Dividends	6,583	3,100
	Portfolio deposit interest	259
		6,842	3,100
3	Grants made
	MS Society	11,000	5,000
	Royal Marsden Cancer Charity	25,000
	The Hepworth Wakefield	350
	Royal Horticultural Society	4,280	4,280
	Hampstead Theatre	822
	World Heart	4,650
	Cardinal Hume Centre	25,000	45,000
	Trinity Hospice	1,000
	Just giving (sponsorship)	288
	Just giving (sponsorship)	288
	University of StAndrews	100
	Cancer Research UK	500	100
	The Chelsea Physic Garden	77	77
	Historic Royal Palaces	4,650
	Royal St Georges Golf (Urology Foundation)	1,500
	Wintershall CIO	300
	Marylebone Cricket Club MCC Foundation	22,500
	The Robin Dyer Fund (St Laurence Educational Trust)	1,000
	Company of Merchants	940	898
	Fu{ure Talent Musicians	300	5,300
	Ambitious aboutAutism		1,000
	Enthuse		500
	Glyndebourne		189
	Grange Park Opera		375
	Hampstead Theatre		822
	Kent Community Fadd		300
	Mind		200
	MyanmarAppeal		2,404

	Royal Opera House		190
	Sporting Chance		103
	StAndrews University		100
	Walk and Talk Trust		230
	World Heart Beat		25,000
		104,544	92,067
4	Governance cost
	Independent examination fees	450	400
	Accountancyfees 2023 (2022)	2,640	2,556
	Preparation ofAnnual Return 2023 (2022)	480	420
	LEI renewal	78	78
	Bank charges	9	13
		3,657	3,467
5	Realised losses)/gains on investment assets
	Therewere no disposals in the year.
6	Fixed asset investments	2023	2022
		£	£
	Market value
	Carry (market) value at beginning ofyear	148,611	138,317
	Add Additions at cost
	Less disposals atcarryvalue
	Add/(deduct) net gain/(loss) on revaluation (includes realised gains)	{7,769}	10,294
	Carry (market) value at end ofyear	140,842	148,611
7	Analysis of Investment
		MktValue	MktValue
		at yearend	at year end
	,Investment Assets
	250,000 Lloyds Banking Group Pie Ordinary Shares		115,763
	7007 Harbour Energy Pie Ordinary (previously Premier Oil)		32,849
	250,000 Lloyds Banking Group Pie Ordinary Shares	121,075
	7007 Harbour Energy Pie Ordinary (previously Premier Oil)	19,767
	Total	140,842	148,612
	The historic cost ofthese investmentwas £187,149 (2022 -£187,149)

9	Creditors: amount falling due within one year	Creditors: amount falling due within one year
	Accountancy fees (Handelsbanken)	- for 2022/23		2640
	Preparation ofAnnual Return 2023			480
	Independent examination fees			450
	Accountancy fees (Handelsbanken) - for 2021/22				2,556
	Preparation ofAnnual Return 2022				420
	Independent examination fees				400
				3,570	3,376
0	Analysis of Funds
		At	Income	Expenditure	Gains/losses	At
		06-Apr-22			& transfers	05-Apr-23
		£	£	£	£	£
	Expendable endowment funds	439,629		(2,895)	(49,129)	387,605
	Unrestricted funds		6,842	(108,201)	41,360
		439,630	6,842	(111,096)	(7,769)	387,605
		At	Income	Expenditure	Gains/losses	At
		06-Apr-21			& transfers	05-Apr-22
			£	£	£
	Expendable endowment funds	525,359		(3,590)	(82,140)	439,629
	Unrestricted funds		3,100	(95,534)	92,434
		525,360	3,100	(99,124)	10,294	439,629