Charity registration number: 1103358 

## Marshall and Viggars Charitable Trust 

Annual Report and Financial Statements for the Year Ended 5 April 2025 

## Marshall and Viggars Charitable Trust 

## Contents (continued) 

|Reference and Administrative Details|1|
|---|---|
|Trustees’ Report|2to3|
|Statement ofTrustees’ Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|NotestotheFinancialStatements|8to11|



## Marshall and Viggars Charitable Trust 

## Reference and Administrative Details 

## Trustees 

A J Green 

P R Evans 

## Secretary 

H P Drewery K Worsnop 

Charity Registration Number 1103358 

Principal Office Graham & Rosen 8 Parliament Street Hull HUi 2BB Independent Examiner Smailes Goldie Chartered Accountants Regents Court Princess Street Hull HU2 8BA Solicitors Graham & Rosen 8 Parliament Street Hull HU1 2BB Bankers Handelsbanken Marina Court 18 Castle Street Hull HU1 1TJ 

Contact Details 

K Worsnop 01482 323123 kw@graham-rosen.co.uk 

Page 14 

## Marshall and Viggars Charitable Trust 

## Trustees’ Report 

The trustees present the annual report together with the financial statements of the charity for the year ended 5 April 2025. 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 1 January 2019). 

## Constitution (Trust) 

Mrs. Marjorie Viggars died on 8 November 2003. Under the terms of her Will, dated 11 January 1991, and Codicil, dated 30 August 2001, after certain specific legacies she left her residuary estate to her trustees to be held for charitable purposes. The Will stipulates that such charitable purposes shall be relating to human physical or mental disability, medical care relief and welfare medical research or for the care relief or protection of animals. 

Mrs Eileen Lucy Marshall died on 20 June 2015 and under the terms of her Will, dated 8 April 2015, after certain specific legacies she left her residuary estate to her trustees to be held for charitable purposes. 

With the charitable purposes under Mrs Marshall's Will being identical to those of the late Mrs Viggars, the trustees decided that the two trusts could be better and more efficiently operated together and on 22 August 2017 a resolution was passed by the executors and trustees of the two estates to effect this combination. 

The residuary funds and the investment in Reckitt Benckiser, held in Mrs Marshall's estate, were paid and transferred over to the Marjorie Viggars Charitable Trust and a resolution was passed to change the name of the Trust to the Marshall and Viggars Charitable Trust. 

## Charitable Status 

The trust is registered with the Charity Commissioners for England and Wales with the registered number being 1103358. 

Financial and operating review for the year 

As reported previously, in order to reduce the administration costs and protect the Charity going forward, the trustees took the decision to restrict the geographical areas for grant applications to Yorkshire and the Humber whilst retaining the same four charitable purposes. The trustees are pleased to report that this action continues to be successful with the number of eligible grant applications being reduced and the general management costs of the Charity being kept to the minimum. The trustees have agreed to continue with this action for the time being. The investment income decreased during the year to £32,279 compared to £32,457 in 2024. The value of the investment portfolio decreased, due to general market conditions, and at 5 April 2025 stood at £775,235 (2024 £810,587). 

The investment portfolio is managed, on behalf of the trustees, by J M Finn & Co, from their York office, using their Discretionary Portfolio Management Service. The investment objective is to achieve a combined return from income and capital growth with a medium risk portfolio selected by the trustees, 

Page 2 

## Marshall and Viggars Charitable Trust 

## Trustees’ Report (continued) 

The trustees meet, formally, twice a year (August 2024 and February 2025 in the year under review) at which they consider what income is available for distribution and then discuss and consider the grant applications made to the trust. These are considered under the four heads set out in the constitution namely (a) Human, physical or mental disability; (0) Medical care, relief and welfare; (c) Medical research and (d) Care, relief or protection of animals. Grants awarded during the year totalled £15,910, with the Jargest individual one being £750. There were 23 grants awarded plus 1 travel bursary with 9 in category (a), 10 in category (b), 2 in category (c) and 3 in category (d). The trustees’ aim is to distribute the whole of the net available income on an ongoing basis. 

The trustees awarded a second travel bursary amounting to £640 to Hull University to be used by post graduate students studying at the Hull York Medical School. The trustees delegate the spending of the bursary to the University, which allocates it amongst several students. The trustees currently intend that further bursaries will be made in future years. The bursary falls within category (c) of the trust's objects - medical research. 

Trustees responsibilities in relation to the financial statements 

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable 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 its incoming resources and application of resources for that period. In preparing those financial statements, the trustees are required to: 

» select suitable accounting policies and then apply them consistently; 

* observe the methods and principles of the Charities SORP; 

* make judgements and estimates that are reasonable and prudent; and 

* prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the charity, and to enable them to ensure that any statements of account comply with the requirements of the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. 

The annual report was approved by the trustees of the charity oe fils Be signed on its “f Ad Green ~~ Trustee 

Page 3 

## Marshall and Viggars Charitable Trust 

## Statement of Trustees’ Responsibilities 

The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. 

The law applicable to charities 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 resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- : state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. 

Approved by the trustees of the charity ord+/o1[2.0% ans signed on its behalf by: fe. 

Trustee 

Page 4 

# Marshall and Viggars Charitable Trust 

# Independent Examiner's Report to the trustees of Marshail and Viggars Charitable Trust 

| report to the trustees on my examination of the accounts of Marshall and Viggars Charitable Trust for the year ended 5 April 2025. 

## Responsibilities and basis of report 

As the charity trustees of Marshall and Viggars Charitable Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

| report in respect of my examination of the Marshall and Viggars Charitable Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | 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. | 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 Marshall and Viggars Charitable Trust 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 accounting 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 give a ‘true and fair view’ which is not a matter considered as part of an independent examination. 

| have no concerns and have come across no other mafters 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. 

Luke Taylor BSc(Hons) FCA Chartered Accountants 

Regents Court Princess Street Hull HU2 8BA vate... L{ Loo 

Page 5 

## Marshall and Viggars Charitable Trust 

## Statement of Financial Activities for the Year Ended 5 April 2025 

|||Income<br>funds|Capital<br>funds|Total<br>2025|Total<br>2024|
|---|---|---|---|---|---|
||Note|£|£|£|£|
|Income and Endowments|from:|||||
|Investment income|2|32,279|-|32,279|32,457|
|Other income||-|-|-|(6,049)|
|Total income||32,279|>|32,279|26,408|
|Expenditure on:||||||
|Raising funds||-|(7,596)|(7,596)|(7,394)|
|Other expenditure||(11,694)|-|(11,694)|(13,209)|
|Charitable activities||(15,910)|-|(15,910)|(22,305)|
|Total expenditure||(27,604)|(7,596)|(35,200)|(42,908)|
|Realised gains/losses on||||||
|investment assets||-|(14,883)|(14,883)|(3,416)|
|Unrealised gains/losses on||||||
|investment assets||-|(8,501)|(8,501)|6,048|
|Netincome/(expenditure)||4,675|(30,980)|(26,305)|(13,868)|
|Netmovement in funds||4,675|(30,980)|(26,305)|(13,868)|
|Reconciliation offunds||||||
|Total funds brought forward||45|826,893|826,938|840,806|
|Totalfundscarriedforward|8|4,720|795,913|800,633|826,938|



All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 8. 

The notes on pages 8 to 11 form an integral part of these financial statements. Page 6 

## Marshall and Viggars Charitable Trust 

## (Registration number: 1103358) Balance Sheet as at 5 April 2025 

|||Income funds|Capital funds|2025|2024|
|---|---|---|---|---|---|
||Note|£|£|£|£|
|Fixed assets||||||
|Investments|5|-|775,235|775,235|810,587|
|Current assets||||||
|Debtors|6|418|17,622|18,040|13,966|
|Cash atbank and in hand||6,491|3,056|9,547|5,805|
|||6,909|20,678|27,587|19,771|
|Creditors: Amounts falling||||||
|duewithin oneyear|7|(2,189)|~|(2,189)|(3,420)|
|Net current assets||4,720|20,678|25,398|16,351|
|Net assets||4,720|795,913|800,633|826,938|
|Funds ofthe charity:||||||
|Capital funds||-|795,913|795,913|826,893|
|Income Funds||4,720|-|4,720|45|
|Totalfunds|8|4,720|795,913|800,633|826,938|



The32 fol/2.226andfin {serpinsigned onon pagestheir behalf 6 to by:11 were approved by the trustees, and authorised for issue on 

Trustee 

The notes on pages 8 to 11 form an integral part of these financial statements. Page 7 

## Marshall and Viggars Charitable Trust 

## Notes to the Financial Statements for the Year Ended 5 April 2025 

## 1 Accounting policies 

## Statement of compliance 

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of [reland (FRS 102) and the Charities Act 2019. 

## Basis of preparation 

Marshall and Viggars Charitable Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts, 

## Going concern 

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 

## Income and endowments 

## Investment income 

Investment income is accounted for on an accruals basis (ie included when dividends and interest are declared and paid.) 

## Expenditure 

Investment management and other management costs are accounted for on an accruals basis. These costs are apportioned between income and capital based on the use of resources. 

## Grant expenditure 

Applications for grants are received throughout the year. These are considered, at half yearly meetings, to ensure that they meet one of the four requirements as set out in the Charity's consitution and then grants are awarded at the trustee's discretion. 

Grant awards are included in the accounts following approval by the trustees and payment being made. 

## Fixed asset investments 

Listed investments are stated at market value at the balance sheet date based on the valuation provided by the Charity’s investment managers. The statement of financial activities includes the net gains and losses on investment disposals during the year and those arising on the revaluation at the year end. 

Page 8 

## Marshall and Viggars Charitable Trust 

## Notes to the Financial Statements for the Year Ended 5 April 2025 (continued) 

## 2 Investment income 

**==> picture [431 x 103] intentionally omitted <==**

**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|Total|Total|
|2025|2024|
|£|£|
|Income from|dividends;|
|Dividends|receivable|from|other|listed|investments|32,029|32,261|
|Interest|receivable|and|similar|income;|
|Interest|on|cash|250|196|
|32,279|32,457|

**----- End of picture text -----**<br>


## 3 Expenditure on raising funds 

a) Investment management costs 

**==> picture [432 x 289] intentionally omitted <==**

**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Total|Total|
|2025|2024|
|£|£|
|Management|Costs|7,596|7,394|
|b)|Other|cosis|of generating|donations|and|legacies|
|Total|Total|
|2025|2024.|
|£|£|
|Legal|fees|9,604|11,224|
|Other|expenditure|105|95|
|Accountancy|fees|1,200|1,140|
|Independent|examiner's|fee|785|750|
|11,694|13,209|
|4|Expenditure|on|charitable|activities|
|Total|Total|
|2025|2024|
|£|£|
|Grant funding|of activities|15,910|22,305|

**----- End of picture text -----**<br>


Page 9 

## Marshall and Viggars Charitable Trust 

## Notes to the Financial Statements for the Year Ended 5 April 2025 (continued) 

|§<br>Fixed asset investments||
|---|---|
||2025|
||£|
|Cost brought forward|810,587|
|Additions|363,920|
|Disposals|(390,771)|
|Revaluation|(8,501)|
|Market Value at 5 April 2025|775,235|
|Historic cost of the listed investments at 5 April 2025 is £761,578.||
|ThelistedinvestmentsareregisteredinanomineeaccountwithJMFinn&Co.||



The market value of the listed investments, at 5 April 2025, is based on a valuation by J M Finn & Co. 

|6|Debtors|||||||
|---|---|---|---|---|---|---|---|
|||||||2025|2024|
|||||||£|£|
|Other debtors||||||18,040|13,966|
|7|Creditors: amounts falling due within|||one year||||
|||||||2025|2024|
|||||||£|£|
|Other creditors||||||2,189|3,420|
|8|Funds|||||||
|||Balance|at|||Other|Balance at|
|||6 April||Incoming|Resources|recognised|5 April|
|||2024||resources|expended|gains/(losses)|2025|
|||£||£|£|£|£|
|Income|||45|32,279|(27,604)|-|4,720|
|Capital||826,893||-|(7,596)|(23,384)|795,913|
|Total funds||826,938||32,279|(35,200)|(23,384)|800,633|
|||Balance|at|||Other|Balance at|
|||6 April||Incoming|Resources’|recognised|5 April|
|||2023||resources|expended|gains/{losses)|2024|
|||£||£|£|£|£|
|Income||3,102||32,457|(35,514)|-|45|
|Capital||837,704||(6,049)|(7,394)|2,632|826,893|
|Totalfunds||840,806||26,408|(42,908)|2,632|826,938|



Page 10 

## Marshall and Viggars Charitable Trust 

## Notes to the Financial Statements for the Year Ended 5 April 2025 (continued) 

## 9 Related party transactions 

A J Green, H P Drewery and P R Evans are all employed as solicitors by Graham & Rosen Solicitors. Mr Green is a consultant with the firm, Miss Drewery is a director of the firm, and Mr Evans is an associate. 

Graham & Rosen manage the trust, on the behalf of the trustees, and charge accordingly for their professional time spent administering the Charity. Total charges made by Graham & Rosen in the year amounted to £9,604 (2024 - £11,224). 

Page 11