Trustees’ Annual Report for the period
From 27 November 2023 To 26 November 2024
Charity name: The Marjorie Purser Trust Charity registration number: 1107699 Objectives and Activities
| Charity name: The Marjorie Purser Trust Charity registration number: 1107699 Objectives and Activities |
Charity name: The Marjorie Purser Trust Charity registration number: 1107699 Objectives and Activities |
Charity name: The Marjorie Purser Trust Charity registration number: 1107699 Objectives and Activities |
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| SORP reference | ||
| Summary of the purposes of the charity as set out in its governing document Para 1.17 The trust deed authorises the trustees to apply the income or capital to or for the benefit of such exclusively charitable objects and purposes in any part of the world as the trustees in their absolute discretion think fit. |
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| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 In furtherance of the charity’s objects for the public benefit the trustees shall provide grants. In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit. |
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| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
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| SORP reference | ||
| Policy on grant making Para 1.38 |
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| Policy on social investment including program related investment Para 1.38 |
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| Contribution made by volunteers Para 1.38 |
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| Other |
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
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| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During the year under review the charity made grants totalling £30,904 as follows: Wateraid - £7,726 British Heart Foundation – £7,726 Camphill Village Trust – £7,726 Salvation Army - £7,726 |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set Para 1.41 |
Achievements against objectives set Para 1.41 |
Achievements against objectives set Para 1.41 |
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| Performance of fundraising activities against objectives set Para 1.41 |
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| Investment performance against objectives Para 1.41 |
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| Other |
Financial Review
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Review of the charity’s Para 1.21 At the end of the reporting period the charity
financial position at the end had free reserves of £8,123 (2024:
£9,459).
of the period
In addition to the free reserves the charity
has bank balances of £13,977 (2024:
£23,471) and investments valued at
£778,815 within the expendable endowment
fund which can be released to support the
activities of the charity.
Statement explaining the Para 1.22 The Trustees pursue a policy of maintaining
policy for holding reserves a free reserve available to be spent in the
furtherance of the charity’s objectives as
stating why they are held
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
uncertainties about the
charity continuing as a going
concern
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Additional information (optional) You may choose to include further statements where relevant about: The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any
| social investment policy adopted Para 1.46 |
social investment policy adopted Para 1.46 |
social investment policy adopted Para 1.46 |
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| A description of the principal risks facing the charity Para 1.46 |
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| Other | Expendable endowment funds are those which are required to be invested to produce income, but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
Structure, Governance and Management
| Structure, Governance and Management | Structure, Governance and Management | Structure, Governance and Management |
|---|---|---|
| Description of charity’s trusts: |
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| Type of governing document (trust deed, royal charter) Para 1.25 Trust deed dated 26 November 2004 |
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| How is the charity constituted? (e.g unincorporated association, CIO) Para 1.25 Trust |
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| Trustee selection methods including details of any constitutional provisions e.g. election topost or name of |
Para 1.25 | Trustees are appointed by the existing trustees. |
any person or body entitled to appoint one or more trustees
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
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| Policies and procedures adopted for the induction and training of trustees Para 1.51 |
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| The charity’s organisational structure and any wider network with which the charity works Para 1.51 |
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| Relationship with any related parties Para 1.51 No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited received £6,472 (2023: £3,881) for trust administration services during the year under review, as authorized in clause 13 of the Trust deed. |
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| Other |
Reference and Administrative details
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Charity name The Marjorie Purser Trust
Other name the charity uses
Registered charity number 1107699
Charity’s principal address Ludlow Trust Company Limited
First Floor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Ludlow Trust
1
Company Limited
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| Funds held as custodian trustees on behalf of | others | |
| Description of the assets held in this capacity |
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| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
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| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser | Name | Address |
|---|---|---|
| Investment Managers | NatWest | 2ndFloor, Trinity Quay II, Avon Street, Bristol, BS2 2DH |
| Bankers | NatWest | 2ndFloor, Trinity Quay II, Avon Street, Bristol, BS2 2DH |
| Accountants | Charter Tax Consulting Limited |
8thFloor, 1 Southampton Street, London WC2R 0LR |
| Independent examiner | Geoffrey Frost | Blue Spire Limited, Cawley Priory, South Pallant, PO19 1SY |
| Name of chief executive or names of senior staff members (Optional information) |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
~~BC~~
~~SO~~
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) |
Chris Thurlow On behalf of Ludlow Trust Company Limited ~~Cote~~ |
|---|---|
| Position (eg Secretary, | Position (eg Secretary, Trustee |
| Chair, etc) | |
| Date | 24 September 2025 ~~ |
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|---|---|---|---|---|---|---|---|
|The Marjorie Purser Trust|1107699|
|Receipts and payments accounts|CC16a|
|For the period|Period start date|Period end date|
|To|
|from|27/11/2023|26/11/2024|
|Section A Receipts and payments|
|Unrestricted|Restricted|Endowment|
|Total funds|Last year|
|funds|funds|funds|
|to the nearest £|to the nearest £|to the nearest £|to the nearest £|to the nearest £|
|A1 Receipts|
|Income from investments|19,485|19,485|18,495|
|Income from Interest|1,837|-|1,837|911|
|Exchange rate difference|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|(Gross income for|
|AR)|[ 21,322 ]|-|-|21,322|19,406|
|—————|
|A2 Asset and investment sales,|
|(see table).|
|Sale of investments|-|-|595,328|595,328|347,516|
|-|-|-|-|-|
|Sub total|-|-|595,328|595,328|347,516|
|Total receipts|21,322|-|595,328|616,650|366,922|
|——_——|——|
|A3 Payments|
|Charitable Payments|30,904|-|-|30,904|37,210|
|Investment Management Fees|-|-|3,405|3,405|3,343|
|Trust administration charge|6,407|-|6,407|3,784|
|Cash management charges|65|-|65|34|
|Legal fees|-|-|-|-|1|
|-|-|-|-|-|
|Sub total|[ 37,376 ]|-|3,405|40,781|44,372|
|—====>|
|A4 Asset and investment|
|purchases, (see table)|
|Investment purchases|-|586,699|586,699|322,261|
|-|-|-|-|
|Sub total|[ - ]|-|586,699|586,699|322,261|
|———|Total payments|37,376|-|590,104|——|627,480|366,633|
|Net of receipts/(payments)|- 16,054|-|5,224|- 10,830|289|
|A5 Transfers between funds|14,718|- 14,718|-|-|
|A6 Cash funds last year end|9,459|23,471|32,930|32,641|
|Cash funds this year end|===>|8,123|-|13,977|22,100|=>|32,930|
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CCXX R1 accounts (SS)
24/09/2025
1
Section B Statement of assets and liabilities at the end of the period
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|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|
|Categories|Details|funds|funds|funds|
|to nearest £|to nearest £|to nearest £|
|B1 Cash funds|Capital account|-|-|13,977|
|Income account|
|8,123|-|-|
|-|-|
|Total cash funds|8,123|-|13,977|
|Se|
|(agree balances with receipts and payments|
|account(s))|OK|OK|OK|
|5|
|Unrestricted|Restricted|Endowment|
|funds|funds|funds|
|Details|to nearest £|to nearest £|to nearest £|
|B2 Other monetary assets|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|—_—|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B3 Investment assets|Investment portfolio|Endowment|-|778,815|
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|=|S=|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B4 Assets retained for the|-|-|
|charity’s own use|-|-|
|-|-|
|-|-|
|-|-|
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|-|-|
|-|-|
|-|-|
|a|
|Fund to which|Amount due|When due|
|Details|liability relates|(optional)|(optional)|
|B5 Liabilities|
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|Signed by one or two trustees on|Date of|
|behalf of all the trustees|Signature|Print Name|approval|
|Chris Thurlow on behalf of Ludlow|
|24 September 2025|
|Trust Company Ltd|
|=|
|2|24/09/2025|
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CCXX R2 accounts (SS)
24/09/2025
Independent Examiner's Report to the Trustees of The Marjorie Purser Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 26 November 2024.
Responsibilities and basis of report
As the charity’s trustees 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 charity’s accounts carried out under section 145 of the 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:
- accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.
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.
Geoffrey Frost BSc(Hons) FCA Date 24 September 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY