REGISTERED CHARITY NUMBER: 1103687
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
for
LAURIE & GILLIAN MARSH CHARITABLE TRUST
McPhersons Walpole Harding Chartered Certified Accountants Citibase Brighton 95 Ditchling Road Brighton East Sussex BN1 4ST
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Report of the Trustees for the Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object for which the charity is established is to promote any exclusive charitable purpose that the Trustees in their absolute discretion may from time to time determine by the provision of grant funding to registered charities including but not limited to those whose objects are:
a) the preservation and protection of the natural environment,
b) the preservation and protection of good health in particular of women in the third world,
c) the advancement of education of the public in the arts, and d) the conservation of wildlife.
Significant activities
During the year the charity continued with its activities. When planning the activities for the year, the Trustees consider the Charity Commission's guidance on public benefit and in particular the specific guidance on charities for the preservation and protection of the natural environment and good health and the advancement of education. In particular the charity provides grants to registered charities in furtherance of these objectives.
FINANCIAL REVIEW
Principal funding sources
The principle funding sources in the year to 31 December 2023 for the charity are derived from charitable donations and rental income from investment property. This coupled with sound financial management and staff support has enabled the charity to maintain its position and charitable activity.
Reserves policy
The trustees consider that the charity's reserves are adequate to meet its day to day expenditure and in the event of a shortfall they have access to sufficient resources to meet any deficit. In this respect, they do not consider it necessary to set a minimum as the charity's free reserves.
Going concern
The charity is considered to be a going concern and the accounts have been drawn up on that basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is a registered charity, number 1103687, and was established by a deed of trust date 9 March 2004 and a supplemental trust deed dated 14 April 2014.
Recruitment and appointment of new trustees
No one shall be entitled to act as a trustee whether on appointment or on any re-appointment as Trustee until he or she has expressly acknowledged, in whatever ways the Trustees decide, his or her acceptance of the office of Trustee of the Charity.
If a vacancy occurs, the Trustees must note the fact in the minutes of their next meeting. Any eligible Trustee may be re-appointed.
Page 1
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Report of the Trustees for the Year Ended 31 December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The administration of the charity is undertaken by the Trustees.
The Trustees must hold at least two ordinary meetings each year, one of which must involve the physical presence of those Trustees who attend the meeting.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Any investment project undertaken by the charity is appraised for its risk to the charity before being undertaken and only those projects that guarantee a minimum return are undertaken. As such, any investment project undertaken will only be carried out where there is no apparent risk to the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1103687
Principal address
30 Grove End Road London NW8 9LJ
Trustees
Mrs G Marsh Ms K S Marsh Mr B C Aukett
The following Trustees held office during the whole of the period from 1 January 2023 to the date of this report:
Mrs Gillian Marsh Ms Katherine S Marsh Mr Bryan C Aukett
Independent Examiner
McPhersons Walpole Harding, ACCA Chartered Certified Accountants Citibase Brighton 95 Ditchling Road Brighton East Sussex BN1 4ST
Approved by order of the board of trustees on 15 October 2024 and signed on its behalf by:
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Mrs G Marsh - Trustee
Page 2
Independent Examiner's Report to the Trustees of Laurie & Gillian Marsh Charitable Trust
Independent examiner's report to the trustees of Laurie & Gillian Marsh Charitable Trust
I report to the charity trustees on my examination of the accounts of Laurie & Gillian Marsh Charitable Trust (the Trust) for the year ended 31 December 2023.
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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required 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 give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters 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.
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McPhersons Walpole Harding, ACCA Chartered Certified Accountants Citibase Brighton 95 Ditchling Road Brighton East Sussex BN1 4ST
15 October 2024
Page 3
LAURIE & GILLIAN MARSH CHARITABLE TRUST
| Statement of Financial Activities for the Year Ended 31 December 2023 Unrestricted Restricted funds fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 21,000 - Investment income 2 25,545 - Total 46,545 - EXPENDITURE ON Charitable activities 3 Donations 21,655 - Property 5,496 - Total 27,151 - NET INCOME 19,394 - RECONCILIATION OF FUNDS Total funds brought forward 1,100,124 - TOTAL FUNDS CARRIED FORWARD 1,119,518 - |
31.12.23 Total funds £ 21,000 25,545 46,545 21,655 5,496 27,151 19,394 1,100,124 1,119,518 |
31.12.22 Total funds £ 25,200 25,500 |
|---|---|---|
| 50,700 15,321 7,007 |
||
| 22,328 | ||
| 28,372 1,071,752 |
||
| 1,100,124 |
The notes form part of these financial statements
Page 4
LAURIE & GILLIAN MARSH CHARITABLE TRUST
| Balance Sheet 31 December 2023 Unrestricted funds Notes £ FIXED ASSETS Investment property 7 600,000 CURRENT ASSETS Debtors 8 2,186 Cash at bank 521,251 523,437 CREDITORS Amounts falling due within one year 9 (3,919) NET CURRENT ASSETS 519,518 TOTAL ASSETS LESS CURRENT LIABILITIES 1,119,518 NET ASSETS 1,119,518 FUNDS 10 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
31.12.23 Total funds £ 600,000 2,186 521,251 523,437 (3,919) 519,518 1,119,518 1,119,518 1,119,518 1,119,518 |
31.12.22 Total funds £ 600,000 537 502,643 503,180 (3,056) 500,124 1,100,124 1,100,124 1,100,124 1,100,124 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 October 2024 and were signed on its behalf by:
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Mrs G Marsh - Trustee
The notes form part of these financial statements
Page 5
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Notes to the Financial Statements for the Year Ended 31 December 2023
1. 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 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
The presentation currency is £ Sterling.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is 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 obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will 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 activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
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 restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Rents received | 25,545 | 25,500 |
| Current asset investment income | - | - |
| 25,545 | 25,500 |
continued...
Page 6
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
3. CHARITABLE ACTIVITIES COSTS
| Donations Property |
Grant funding of activities Direct (see note Costs 4) £ £ - 21,655 4,578 - 4,578 21,655 |
Support costs £ - 918 918 |
Totals £ 21,655 5,496 27,151 |
|---|---|---|---|
continued...
Page 7
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
4. GRANTS PAYABLE
| Donations The total grants paid to institutions during the year was as follows: British Humanist Association Cavatina Chamber Music Trust Cinema Museum Evergreen Africa Feed The Minds Medecins Sans Frontieres Optimum Population Trust African Revival Brighton Dome & Festival Ltd Chase Africa Cheetah Conservation fund David Shepherd Wildlife Foundation Farm Africa Ltd Fauna & Flora International Hillside Animal Sanctuary Pakistan Alliance for Girls Education Uk Prisoners of conscience Appeal fund Rainforest Foundation UK Royal National Lifeboat Institution Shivia Sumatran Orangutan Society Tusk Trust Ltd Virunga Foundation Womens Education Partnership The Conversation Trust (UK) Ltd Givergy Chariable Event - Surrey Farms For City Children Golden Giving Charitable Population Matters Pump Aid Voice of the Listener and Viewer The Park Theatre |
31.12.23 £ 21,655 31.12.23 8,000 3,000 1,750 500 500 230 - - 270 1,055 - - - 500 960 - 789 - - - - 525 - 525 100 513 320 100 1,000 253 500 265 21,655 |
31.12.22 £ 15,321 31.12.22 3,500 2,500 - - 320 - 1,295 803 530 775 215 480 265 275 960 265 775 525 150 210 420 265 268 525 - - - - - - - - 15,321 |
||
|---|---|---|---|---|
continued...
Page 8
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the years ended 31 December 2023 nor for the year ended 31 December 2022.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| 2022 Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 25,200 Investment income 25,500 Total 50,700 EXPENDITURE ON Charitable activities Donations 15,321 Property 7,007 Total 22,328 NET INCOME 28,372 RECONCILIATION OF FUNDS Total funds brought forward 1,071,752 TOTAL FUNDS CARRIED FORWARD 1,100,124 7. INVESTMENT PROPERTY FAIR VALUE At 1 January 2022 and 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
2022 Restricted fund £ - - - - - - - - - |
2022 Total funds £ 25,200 25,500 50,700 15,321 7,007 22,328 28,372 1,071,752 1,100,124 £ 600,000 600,000 600,000 |
2022 Total funds £ 25,200 25,500 |
|---|---|---|---|
| 50,700 15,321 7,007 |
|||
| 22,328 |
continued...
Page 9
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS At 1.1.23 £ Unrestricted funds General fund 500,124 Property 600,000 1,100,124 TOTAL FUNDS 1,100,124 |
31.12.23 31.12.22 £ £ 2,186 537 31.12.23 31.12.22 £ £ 3,919 3,056 Net movement At in funds 31.12.23 £ £ 19,394 519,518 - 600,000 19,394 1,119,518 19,394 1,119,518 |
31.12.22 £ 537 31.12.22 £ 3,056 |
|---|---|---|
| At 31.12.23 £ 519,518 600,000 |
Net movement in funds in the year to 31 December 2023, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 46,545 46,545 |
Resources Movement expended in funds £ £ (27,151) 19,394 (27,151) 19,394 |
Resources Movement expended in funds £ £ (27,151) 19,394 (27,151) 19,394 |
|---|---|---|---|
| 19,394 |
continued...
Page 10
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.22 £ Unrestricted funds General fund 471,752 Property 600,000 1,071,752 TOTAL FUNDS 1,071,752 |
Net movement At in funds 31.12.22 £ £ 28,372 500,124 - 600,000 28,372 1,100,124 28,372 1,100,124 |
At 31.12.22 £ 500,124 600,000 |
|---|---|---|
Comparative net movement in funds in the year ended 31 December 2022, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 50,700 | (22,328) | 28,732 |
| TOTAL FUNDS | 50,700 | (22,328) | 28,732 |
A current year 12 months and prior year 12 months combined position is as follows:
| At 1.1.22 £ Unrestricted funds General fund 471,752 Property 600,000 1,071,752 TOTAL FUNDS 1,071,752 |
Net movement At in funds 31.12.23 £ £ 47,766 519,518 - 600,000 47,766 1,119,518 47,766 1,119,518 |
At 31.12.23 £ 519,518 600,000 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 97,245 97,245 |
Resources Movement expended in funds £ £ (49,479) 47,766 (49,479) 47,766 |
Resources Movement expended in funds £ £ (49,479) 47,766 (49,479) 47,766 |
|---|---|---|---|
| 47,766 |
continued...
Page 11
LAURIE & GILLIAN MARSH CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
12. RELATED PARTY DISCLOSURES
During the year, donations received without conditions from the Trustees and other related parties were £21,000 (2022: £nil).
Page 12
LAURIE & GILLIAN MARSH CHARITABLE TRUST
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Investment income Rents received Current asset investment income Total incoming resources EXPENDITURE Charitable activities Rental income costs Grants to institutions Support costs Other Insurance Governance costs Accountancy and legal fees Legal and professional fees Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 £ £ 21,000 25,200 - - 21,000 25,200 25,545 25,500 - - 25,545 25,500 46,545 50,700 4,578 5,920 21,655 15,321 26,233 21,241 54 50 864 1,037 - - 918 1,087 27,151 22,328 19,394 28,372 |
Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 £ £ 21,000 25,200 - - 21,000 25,200 25,545 25,500 - - 25,545 25,500 46,545 50,700 4,578 5,920 21,655 15,321 26,233 21,241 54 50 864 1,037 - - 918 1,087 27,151 22,328 19,394 28,372 |
|---|---|---|
5,920 15,321 21,241 50 1,037 - 1,087 22,328 28,372 |
This page does not form part of the statutory financial statements
Page 13
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Issuer
McPhersons Walpole Harding
Document generated Tue, 15th Oct 2024 9:40:49 BST
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Gary Stafford - Signer (2666de1653ccc8638e38c3c454182ed5) Mrs Gillian Marsh - Signer (aad97130f493764509f71ef7b5fe2f80)
Audit history log
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Envelope generated with fingerprint c531a3447b0274ee84515d9f5a353e6a18.133.63.166 Document generated with fingerprint d911c88db2e86b5b5d7e15d6e4bb56b3.18.133.63.166 Gary Stafford has been assigned to this envelope.18.133.63.166 Mrs Gillian Marsh has been assigned to this envelope.18.133.63.166 Envelope has been set to automatically remind the active signer every 1 day(s).18.133.63.166
Envelope generated Sent the envelope to Gary Stafford for signing Document emailed to party email18.175.142.125 Gary Stafford viewed the envelope62.49.36.66 Gary Stafford signed the envelope62.49.36.66 Sent the envelope to Mrs Gillian Marsh for signing62.49.36.66 Document emailed to party email35.177.205.143 Gary Stafford viewed the envelope62.49.36.66 Document emailed to party email18.168.226.185 Document emailed to party email3.8.181.37 Document emailed to party email3.10.56.89 Document emailed to party email13.40.49.187 Mrs Gillian Marsh viewed the envelope31.52.42.156 Mrs Gillian Marsh signed the envelope31.52.42.156
Sat, 19th Oct 2024 9:55:44 BST This envelope has been signed by all parties31.52.42.156 Sat, 19th Oct 2024 9:55:44 BST Mrs Gillian Marsh viewed the envelope31.52.42.156