CHARITY REGISTRATION NUMBER: 1106619
Marmot Charitable Trust Unaudited Financial Statements
5 April 2024
BSN ASSOCIATES LIMITED
Chartered accountants BSN Associates Limited 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG
Doc ID: 5e9b1d525558dd1b6604742bd8f282a18a65b515
Marmot Charitable Trust
Financial Statements
Year ended 5 April 2024
| Pages | |
|---|---|
| Trustees' annual report | 1 to 4 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 to 16 |
Doc ID: 5e9b1d525558dd1b6604742bd8f282a18a65b515
Marmot Charitable Trust
Trustees' Annual Report
Year ended 5 April 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2024.
Reference and administrative details
| Registered charity name | Marmot Charitable Trust | |
|---|---|---|
| Charity registration number | 1106619 | |
| Principal office | The Secretary | |
| BM Marmot | ||
| London | ||
| WC1N 3XX | ||
| The trustees | Jean Elizabeth Barlow | (Resigned 9 November 2023) |
| Martin Bevis Gillett | ||
| Jonathan Nicholas Gillett | ||
| Independent Examiners | BSN Associates Limited | |
| 3B Swallowfield Courtyard | ||
| Wolverhampton Road | ||
| Oldbury | ||
| West Midlands | ||
| B69 2JG | ||
| Bankers | Triodos Bank N V | |
| Deanery Road | ||
| Bristol | ||
| BS1 5AS | ||
| Investment Managers | Rathbone Greenbank Investments | |
| 10 Queen Square | ||
| Bristol | ||
| BS1 4NT |
Objects
The objects of the Trust, which was registered as a charity on the 4th of November 2004, are laid out in the trust deed dated 18[th] June 2004. These are to make grants for general charitable purposes at the discretion of the trustees.
Structure, governance and management
The Trustees meet twice yearly in order to review policy and governance issues, also to make decisions about grants. Where appropriate fast track decisions on a number of grant applications are made between meetings. At the present time the administrative work is undertaken by the Secretary, Bevis Gillett. The Chair is Jonathan Gillett. The Trust maintains links with other charities that make similar types of grants. Few administrative costs are involved in running the Trust as there are no paid staff. A key decision has been made by trustees to spend down over the next 2 to 3 years. The subject of spending down was originally discussed at a meeting in July 2019.
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Marmot Charitable Trust
Trustees' Annual Report (continued)
Year ended 5 April 2024
Grant making policy
In practice, a policy reflecting the interests of the settlors has been implemented along with the interests of the late David Gillett, who left a major legacy to the Trust. There is an emphasis on finding "green" organisations that support changes that will pave the way for a sustainable future. In addition, there is an interest in supporting peace and security organisations; in particular those that are working on nuclear disarmament and non-proliferation.
Activities, achievements and performance
We made 25 grants this year totalling £375,100, with an average grant size of approximately £15,004. We drew down more capital as we wished to increase our expenditure on grants. We consider spending is likely to have more impact at the present time than in the future. Our main investment holding remains with C&J Clark Limited, shoe manufacturers, which formed part of the Trust's original endowment. This firm experienced an improvement in their performance which was reflected by the significant increase in share value. The balance of the Marmot portfolio is managed by Rathbone Greenbank, which is based in Bristol. We continue to have regular meetings with them. The Trustees have maintained their stance of excluding alcohol, armaments, gambling and pornography, along with fossil fuels and mining stocks. As far as possible we align our investment policy with our grant making, with its emphasis on environmental and peace issues. The income from Rathbone Greenbank was slightly down on the previous year due to the realisation of some of the capital being invested in fixed term bonds. As we have no paid staff and there is no grant recipient that is fully dependent on our grants, we are quite relaxed about our reserves policy. For the non-Clarks part of the portfolio we aim to invest as much as 25% of the portfolio in renewables, as long as this can be undertaken prudently. We keep the Trust's administrative and operating costs low; the main costs arising from portfolio management fees. We continue to believe it is important to keep in good contact with our grantees and where larger grants are made we ensure that reports are provided and when considered useful - meetings are arranged. From our evaluation of their work, albeit on a small scale, we believe that our grantees have continued to show considerable skill in dealing with some of the most pressing problems that society is facing today, whether it is environmental sustainability, or peace, where there is a particular emphasis on nuclear disarmament and non-proliferation. We consider that all our grants meet charitable and public benefit requirements. We are members of the Association of Charitable Foundations and the Environmental Funders Network, which helps to keep us well informed on issues that affect the Trust, whether administrative or grant-making. Note 9 to the financial statements provides full details of grant payments in the year.
Financial review
| 2024 | 2023 | |
|---|---|---|
| Income including donations | 62,129 | 31,526 |
| Governance and administration costs | 4,777 | 6,186 |
| Grants | 375,100 | 368,464 |
| Number of grants made | 25 | 29 |
| Average grant size | 15,004 | 12,706 |
Net expenditure for the year was £384,780 before losses on investments. Net loss on investments in the year amounted to £122,170. Unrestricted funds at 5 April 2024 amounted to £1,884,092.
Reserves and future financial position
The Trustees consider a reserves policy is not required as there are no dependent grantees and the Trustees consider all reserves are unrestricted. There are no matters likely to significantly affect the future performance or financial position of the Trust.
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Marmot Charitable Trust
Trustees' Annual Report (continued)
Year ended 5 April 2024
Risk management
There is a risk in that the majority of the assets are in the form of C& J Clark Limited shares. As it is a private company there is limited opportunity to sell shares. When opportunities arise shares will be sold in order that the investment portfolio can be further diversified. With regard to reputational risk care is taken that all grants are made for charitable purposes.
Public benefit
The Trustees consider they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Trustees believe that in their grant making they are addressing key issues of peace and environmental sustainability, which are of supreme importance both domestically and internationally for society. Trustees go to some trouble to look at actors in Marmot’s fields of interest and support those initiatives which have the potential to make a difference albeit on a small scale.
Trustees' responsibilities statement
The trustees are responsible for preparing the trustees' 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 charity trustees to prepare financial statements for each 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;
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observe the methods and principles in the applicable Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 adequate accounting records that are sufficient to show and explain the charity's transactions and 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They 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.
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Marmot Charitable Trust
Trustees' Annual Report (continued)
Year ended 5 April 2024
The trustees' annual report was approved on 17[th] January 2025 and signed on behalf of the board of trustees by:
Martin Bevis Gillett Trustee
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Marmot Charitable Trust
Independent Examiner's Report to the Trustees of Marmot Charitable Trust
Year ended 5 April 2024
I report to the trustees on my examination of the financial statements of Marmot Charitable Trust ('the charity') for the year ended 5 April 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I 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. 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
Hannah Gustice HM YFEA
Hannah Justice FCA FCCA Independent Examiner
BSN Associates Limited 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG
17[th] January 2025
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Marmot Charitable Trust
Statement of Financial Activities
Year ended 5 April 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Investment income | 4 | 62,129 | 62,129 | 31,526 |
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||
| Total income | 62,129 | 62,129 | 31,526 | |
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||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Investment management costs | 5 | 4,903 | 4,903 | 6,364 |
| Expenditure on charitable activities | 6,7 | 379,877 | 379,877 | 374,650 |
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||
| Total expenditure | 384,780 | 384,780 | 381,014 | |
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||
| Net (losses)/gains on investments | 10 | 122,170 | 122,170 | (124,070) |
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||
| Net expenditure and net movement in funds | (444,821) | (444,821) | (225,418) | |
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||
| Reconciliation of funds | ||||
| Total funds brought forward | 2,328,913 | 2,328,913 | 2,554,331 | |
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||
| Total funds carried forward | 1,884,092 | 1,884,092 | 2,328,913 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 15 form part of these financial statements.
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Marmot Charitable Trust
Statement of Financial Position
5 April 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Investments | 13 | 471,210 | 874,446 |
| Current assets | |||
| Debtors | 14 | 385 | 21,744 |
| Investments | 15 | 1,191,888 | 1,228,729 |
| Cash at bank and in hand | 224,601 | 250,965 | |
| ──────────── | ──────────── | ||
| 1,416,874 | 1,501,438 | ||
| Creditors: amounts falling due within one year | 16 | 3,992 | 46,971 |
| ──────────── | ──────────── | ||
| Net current assets | 1,412,882 | 1,454,467 | |
| ──────────── | ──────────── | ||
| Total assets less current liabilities | 1,884,092 | 2,328,913 | |
| ──────────── | ──────────── | ||
| Net assets | 1,884,092 | 2,328,913 | |
| ════════════ | ════════════ | ||
| Funds of the charity | |||
| Unrestricted funds | 1,884,092 | 2,328,913 | |
| ──────────── | ──────────── | ||
| Total charity funds | 17 | 1,884,092 ════════════ |
2,328,913 ════════════ |
These financial statements were approved by the board of trustees and authorised for issue on 17[th] January 2025, and are signed on behalf of the board by:
Martin Bevis Gillett Trustee
Jonathan Nicholas Gillett Trustee
The notes on pages 8 to 15 form part of these financial statements.
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Marmot Charitable Trust
Notes to the Financial Statements
Year ended 5 April 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Secretary, BM Marmot, London, WC1N 3XX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The entity constitutes a public benefit entity as defined in FRS102.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the charity.
(b) Disclosures in respect of financial instruments have not been presented.
Income tax
The charity is exempt from taxation.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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Marmot Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
3. Accounting policies (continued)
Fund accounting
All funds received to date are unrestricted funds and are available for use at the discretion of the trustees to further any of the charity's purposes and objectives.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations, legacies or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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investment income is recognised when receivable and is shown gross to include income tax recovered and recoverable. Investment income comprises the returns on investments for the year and interest on cash balances.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of managing the charities investments.
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expenditure on charitable activities includes grants payable to third parties in furtherance of the charity's objectives, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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Marmot Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
3. Accounting policies (continued)
Investments
Investments in listed equities and other instruments are carried at fair value. Investments in equities and fixed interest securities traded in quoted public markets are valued at fair value which is equivalent to their market price. Holdings in common investment funds, unit trusts and open ended investment companies are at bid price.
Investments held in unlisted equities are measured at fair value based on the value provided by independent advisers to the companies concerned. The valuations used are those closest to the date of the year end. Where the fair value cannot be established then such investments are recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.
Current asset investments comprise funds which are funds held by investment managers that are waiting reinvestment or are to be used to meet investment management costs or other costs of the charity.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses are calculated as the difference between sales proceeds and their purchase value. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
4. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Income from UK listed investments | 10,005 | 10,005 | 13,244 | 13,244 |
| Income from overseas investments | 2,812 | 2,812 | 5,987 | 5,987 |
| Bank interest | 49,312 | 49,312 | 12,295 | 12,295 |
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|
| 62,129 | 62,129 | 31,526 | 31,526 | |
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|
| Investment management costs | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Investment management fees | 4,903 | 4,903 | 6,364 | 6,364 |
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|
| Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Grant making | 375,100 | 375,100 | 368,464 | 368,464 |
| Support costs | 4,777 | 4,777 | 6,186 | 6,186 |
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|
| 379,877 | 379,877 | 374,650 | 374,650 | |
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5. Investment management costs
6. Expenditure on charitable activities by fund type
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Marmot Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
7. Expenditure on charitable activities by activity type
| Grant funding | Total funds | Total fund | ||
|---|---|---|---|---|
| of activities Support costs | 2024 | 2023 | ||
| £ | £ | £ | £ | |
| Grant making | 375,100 | 4,777 | 379,627 | 374,650 |
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|
| 375,100 | 4,777 | 379,877 | 374,650 | |
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8. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | Total 2024 | Total 2023 | |
| £ | £ | £ | |
| Independent examination fee | 2,616 | 2,616 | 3,408 |
| Other office costs | 251 | 251 | 358 |
| Bank charges | 57 | 57 | 29 |
| Trustee expenses | 1,103 | 1,103 | 1,796 |
| Conferences and retreats | 750 | 750 | 595 |
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|
| 4,777 | 4,777 | 6,186 | |
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|
| Analysis of grants | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Grants to institutions | |||
| Grants made during the year | 375,100 | 368,464 | |
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||
| Total grants | 375,100 | 368,464 | |
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9. Analysis of grants
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Marmot Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
9. Analysis of grants (continued)
Grants were made during the year to the following charities in response to the Charity' objectives:
Environmental Sustainability
| Environmental Sustainability | |
|---|---|
| 2024 | |
| £ | |
| Campaign for Better Transport | 10,000 |
| Centre for Alternative Technology (Big Christmas Give) | 12,500 |
| Centre for Alternative Technology | 27,500 |
| Climate and Nature Bill Alliance (Zero Hour) | 30,000 |
| Compassionate Revolution | 15,000 |
| Environmental Funders Network | 2,400 |
| Foundation for Integrated Transport (Low Traffic Future Alliance) | 20,000 |
| Green New Deal Group | 30,000 |
| One Home (Climate Alliance) | 5,000 |
| Poverty and Environment Trust (Community energy Project) | 16,000 |
| Share Action (Biodiversity Project) | 25,000 |
| Tipping Point North South (Transform Defence Initiative) | 10,000 |
| Uplift | 30,000 |
| War on Want (Loss and Damage Initiative) | 22,000 |
───────── |
|
| Total | 255,400 |
═════════ |
Peace and Security
| Peace and Security | |
|---|---|
| 2024 | |
| £ | |
| BASIC (British American Security Information Council) | 35,000 |
| Demilitarise Education | 20,000 |
| London Metropolitan University (Chemical Weapons Convention) | 2,600 |
| Nuclear Education Trust (The Future for UK Defence) | 8,000 |
| Nuclear Education Trust | 6,000 |
| SOAS (Strategic Concept for Removal of Arms and Proliferation) | 20,000 |
| Martin Ryle Trust (Scientists for Global Responsibility) | 15,000 |
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|
| Total | 106,600 |
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Other
| Other | |
|---|---|
| 2024 | |
| £ | |
| Open Trust | 4,000 |
| International Care Network | 2,000 |
| Network for Social Change | 4,600 |
| Stourbridge Quakers - Refugee Retreat | 2,500 |
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|
| Total | 13,100 |
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|
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|
| Total | 375,100 |
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Total
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Marmot Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
10. Net (losses)/gains on investments
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Gains/(losses) on listed investments | (25,568) | (25,568) | (75,268) | (75,268) |
| Gains/(losses) on other investment | ||||
| assets | (96,602) | (96,602) | 199,338 | 199,338 |
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|
(122,170)═════════ |
(122,170)═════════ |
124,070═════════ |
124,070═════════ |
11. Independent examination fees
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 2,616═══════ |
3,408═══════ |
12. Trustee remuneration and expenses
The Trustees give freely their time and expertise without any form of remuneration or other form of benefit (2023: £Nil).
One trustee received reimbursement of travelling and other expenses amounting to £1,103 (2023: £1,796).
13. Investments
| Listed | Unlisted | ||
|---|---|---|---|
| investments | investments | Total | |
| £ | £ | £ | |
| Cost or valuation | |||
| At 6 April 2023 | 604,573 | 269,873 | 874,446 |
| Additions | 25,408 | – | 25,408 |
| Disposals | (306,474) | – | (306,474) |
| Fair value movements | (25,568) | (96,602) | (122,170) |
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|
| At 5 April 2024 | 297,939 | 173,271 | 471,210 |
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|
| Carrying amount | |||
| At 5 April 2024 | 297,939 | 173,271 | 471,210 |
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|
| At 5 April 2023 | 604,573═════════ |
269,873═════════ |
874,446═════════ |
All investments shown above are held at valuation.
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Marmot Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
13. Investments (continued)
Financial assets held at fair value
Investments can be analysed by category as follows:
| Market | ||
|---|---|---|
| Cost | value | |
| £ | £ | |
| UK listed equities and unit trusts | 185,666 | 205,966 |
| Overseas listed equities | 99,298 | 91,973 |
| UK unlisted equities | 70,535 | 173,271 |
| ----------------------------------------- | ----------------------------------------- | |
| 355,499 | 471,210 | |
| ========================================= | ========================================= |
Listed Investments
Listed Investments are valued at fair value at the year end by the investment managers Rathbone Greenbank Investments.
Unlisted Investments
The shares in C & J Clark Limited have been valued at £1.13 per share based on a valuation prepared for the trust by BDO on the 28th May 2024.
Investments can be analysed as follows:
Investments held at 5 April 2024
| Investments held at 5 April 2024 | |||
|---|---|---|---|
| Market | |||
| Holding | Cost | Value | |
| £ | £ | ||
| Aegon Asset Management UK Ethical Corp Bond | 13,000 | 13,491 | 11,661 |
| Alfen NV euro | 60 | 3,533 | 2,366 |
| Coats Group Plc | 4,200 | 1,983 | 3,406 |
| Edentree Investment Management Resp. & Sust. | 19,500 | 18,845 | 19,180 |
| Ethical Property Co | 13,600 | 14,808 | 6,120 |
| Euro Investment Bank 1.375% | 11,000 | 10,483 | 10,670 |
| FDM Group Holdings Plc | 1,000 | 8,970 | 3,415 |
| Fund Partners Ltd | 7,500 | 8,571 | 16,240 |
| Genuit Group Plc | 1,700 | 9,324 | 7,429 |
| Goldman Sachs Funds | 210 | 15,994 | 16,533 |
| Gore Street Energy Storage | 2,660 | 2,713 | 1,660 |
| Greencoat UK Wind Plc | 2,151 | 2,509 | 2,958 |
| Halma Plc | 300 | 2,822 | 6,810 |
| Hannon Armstrong Sustainable Infrastructure | 190 | 6,760 | 4,004 |
| Home REIT Plc | 6,350 | 5,761 | 64 |
| Impax Asset Management Group | 1,100 | 201 | 4,752 |
| Impax Funds (IRE) Plc Asian | 2347.7 | 2,095 | 4,592 |
| Impax Funds (IRE) Plc Environmental | 1,114.9 | 1,077 | 2,789 |
| IP Group Plc | 6,600 | 4,052 | 2,944 |
| Kreditanst Fur WIE 0.875% | 15,000 | 15,171 | 13,872 |
| Legal & General Group Plc | 2,400 | 6,204 | 6,026 |
| --------------------------------- | ---------------------------------- | ||
| Carried forwards | 155,367 | 147,491 |
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Marmot Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
13. Investments (continued)
| Market | ||||
|---|---|---|---|---|
| Holding | Cost | Value | ||
| £ | £ | |||
| Brought forwards | 155,367 | 147,491 | ||
| Lombard Odier Funds | 825 | 7,991 | 7,501 | |
| Marshalls Group Plc | 1,400 | 2,882 | 3,738 | |
| Mirova Funds Global Green | 90 | 8,224 | 7,759 | |
| National Grid Plc | 458 | 3,043 | 4,731 | |
| Octopus Renewable Infrastructure Trust | 5,643 | 5,643 | 4,012 | |
| Open Bionics | 860 | 4,845 | 5,100 | |
| Orsted AS DKK10 | 50 | 2,200 | 2,204 | |
| Pictet Asset Management | 20 | 5,766 | 6,811 | |
| Prudential Plc | 330 | 1,649 | 2,368 | |
| Relx Plc | 195 | 4,473 | 6,470 | |
| Renewables Infrastructure GRP | 4,806 | 5,168 | 4,758 | |
| Resonance Ltd | 5,000 | 3,503 | 4,700 | |
| Robeco Capital Growth Funds | 50 | 959 | 2,681 | |
| Schroder Investment Management | 14,585 | 7,730 | 6,444 | |
| Smith & Nephew Plc | 730 | 1,374 | 7,116 | |
| Smith (DS) Plc | 1,100 | 3,850 | 4,510 | |
| Spirax-Sarco Engineering Plc | 105 | 5,230 | 10,175 | |
| Thrive Renewables Plc | 6,900 | 11,268 | 16,767 | |
| Tomra Systems ASA | 166 | 2,042 | 1,929 | |
| Treasury 7/8% Green Gilt | 34,000 | 25,297 | 25,795 | |
| Triodos Bank NV | 164 | 10,138 | 4,712 | |
| Xylem Inc | 100 | 6,322 | 10,167 | |
| --------------------------------- | --------------------------------- | |||
| Total listed investments held at 5 April 2024 | 284,964 | 297,939 | ||
| ========================================= | ========================================= | |||
| 14. | Debtors | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other debtors | 385 | 21,744 | ||
════ |
════════ |
|||
| 15. | Investments | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Bank deposit account | 1,156,226 | 1,198,629 | ||
| Amount held by investment managers | 35,662 | 30,100 | ||
──────────── |
──────────── |
|||
| 1,191,888 | 1,228,729 | |||
════════════ |
════════════ |
16
Doc ID: 5e9b1d525558dd1b6604742bd8f282a18a65b515
Marmot Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
16. Creditors: amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 3,992 | 18,653 |
| Other creditors | – | 28,318 |
─────── |
──────── |
|
| 3,992 | 46,971 | |
═══════ |
════════ |
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 6 | April 2023 | Income | Expenditure | losses | 5 April 2024 | |
| £ | £ | £ | £ | £ | ||
| General funds | 2,328,913 | 62,129 | (384,780) | (122,170) | 1,884,092 | |
════════════ |
════════ |
═════════ |
═════════ |
════════════ |
||
| At | Gains and | At | ||||
| 6 | April 2022 | Income | Expenditure | losses | 5 April 2023 | |
| £ | £ | £ | £ | £ | ||
| General funds | 2,554,331════════════ |
31,526════════ |
(381,014)═════════ |
124,070═════════ |
2,328,913════════════ |
18. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Investments | 471,210 | 471,210 |
| Current assets | 1,416,874 | 1,416,874 |
| Creditors less than 1 year | (3,992) | (3,992) |
──────────── |
──────────── |
|
| Net assets | 1,884,092 | 1,884,092 |
════════════ |
════════════ |
|
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Investments | 874,446 | 874,446 |
| Current assets | 1,501,438 | 1,501,438 |
| Creditors less than 1 year | (46,971) | (46,971) |
──────────── |
──────────── |
|
| Net assets | 2,328,913 | 2,328,913 |
════════════ |
════════════ |
19. Related parties
There were no related party transactions requiring disclosure in the year or in the previous year.
16
Doc ID: 5e9b1d525558dd1b6604742bd8f282a18a65b515