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||**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|
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|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|
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|||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||||
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|||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|
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||**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|
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|||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|
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||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)|||
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|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|
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