Charity Number: 1128825
## The Mark Anthony Trust
Report and financial statements
For the year ended 31 March 2023
Doc ID: 92360e11ce896a22b4dd97666420ce342355be70
The Mark Anthony Trust Reference and administration information
## **Charity number**
1128825
## **Registered office and operational address**
12 Clarendon Road
London
W11 3AB
## **Trustees**
Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:
Henry Maxey
Claire Maxey
Rima Abillama Yared
## **Investment Fund Manager**
Ruffer LLP
## **Independent Examiner**
Patrick Morrello ACA
Third Sector Accountancy Ltd
Holyoake House
Hanover Street
Manchester
M60 0AS
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## The Mark Anthony Trust Trustees’ annual report for the year ended 31 March 2023
The trustees present their report and the unaudited financial statements ended 31 March 2023.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
## **Objectives and activities**
The objectives of the charity in accordance with the Trust Deed established in 2008 are: “The promotion of such exclusively charitable purposes as the Trustees shall from time to time determine”.
The Trustees have defined a particular interest in Education, more specifically:
- Education of girls and women
- Education for sustainability (e.g. with regards to Climate Change)
- Education and research in the field of economics
The Trustees meet their objectives through making donations to registered charities that deliver programmes in the above areas. The Trust is not in a position to review unsolicited funding applications.
Trustees have agreed that the Mark Anthony Trust will restrict its activities to supporting a small number of charities, with a view to developing a close involvement with each and with the aim that funding will be on a three year cycle (subject to ongoing due diligence and review).
This approach is highlighted in activities to date as follows:
Between 2012 and 2018, the Mark Anthony Trust made regular donations to Opportunity International in support of its work to bring financial literacy and services to those who could not access a bank account, primarily in sub-Saharan Africa. In addition, the Mark Anthony Trust made 3 donations over 3 years to Farm Africa between 2017 and 2019, focused on supporting the transformation of Farm Africa into an organisation helping farmers access markets and a fair price while benefiting from up to date information and support.
Street Child has been a beneficiary of the Trust since 2015, and trustees have built a close relationship with the senior leadership team and supported the growth of the organisation as well as fast developing programmatic work. Thanks to a deep understanding of the work of the charity, trustees have also been able to support pilot programmes including in the area of family planning education and signposting. Trustees were also able to support Street Child’s COVID emergency appeal in FY 2020-2021, and Street Child’s emergency appeal for Afghanistan in March 2022, a testament of the flexibility of the Trust. The Trust continued to support Street Child this FY (see below).
In 2017, the Trust identified CHASE Africa as a small (income c. £100k at the time) but ambitious charity with a highly effective approach to extending the reach of family planning education and provision in hard to reach areas of Kenya. Since then the Trust has supported CHASE to grow the number of partners that it works with in Kenya, but also to extend into neighbouring Uganda. CHASE provides another example of the Trust supporting organisational development since funding was specifically made available to bolster fundraising resources and to support capacity building of local partners in FY 2020-2021, and separate funding was made available to develop monitoring and evaluation capabilities in FY 2021-2022. The Trust continued to support CHASE Africa this FY (see below)
In 2020 trustees agreed to support a new charity called Medical Aid Films that aims to use innovative media to transform the health and wellbeing of women and children around the world. The Mark Anthony Trust funding was directed specifically to incorporating video-based material related to the dissemination of family planning information and signposting within an existing programme in Zambia (named SCREEN). Delays in the approval and dissemination of the Medical Aid Film funded by the Trust meant that no further funding was made available in FY 2021-2022, but the Trust supported the promotion of the film this FY (see below).
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## The Mark Anthony Trust Trustees’ annual report for the year ended 31 March 2023
During FY 2022-2023 the Trust made donations to Street Child, CHASE Africa and Medical Aid Films, three organisations that had benefited from prior donations. In addition, the Trust made donations to two new charities namely Tackle and AMREF Health Africa.
The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.
## **Achievements and performance**
The charity's main activities and organisations it supports are described below. All its charitable activities are in some way related to Education and are undertaken to further The Mark Anthony Trust’s charitable purposes for the public benefit.
Mark Anthony Trust’s beneficiaries in FY 2022-2023 were as follows:
**Street Child** : Trustees remained highly engaged with the work of Street Child during the FY, through a combination of attending programme update events (July 2022 and January 2023), meetings with the senior leadership (Chief Operating Officer, May 2022, Head of Africa programmes, June 2022, Head of Fundraising, March 2023) and attendance at the Street Child fundraising gala in April 2022. Street Child has continued to grow its capacity in emergency contexts, where it is able to respond rapidly and flexibly thanks to a growing network of local partner organisation and a very nimble management structure. In February 2023, there was a catastrophic earthquake in Turkey and Syria, and trustees noted that Street Child’s response was able to reach areas (in Syria particularly) that other organisations had not been able to get to in light of considerable political obstacles. Trustees determined that unrestricted funding would be the most helpful way to leverage the restricted funds that Street Child is able to raise through its emergency appeals, and agreed to donate £25,000 in the current FY.
**CHASE Africa** : The current FY was a year of great change at CHASE Africa, with the successful appointment of CEO Harriet Gordon Brown on 1 June 2022 as part of a much prepared founder-transition, and an associated office move. The Charity also became a Charity Incorporated Organisation, deemed a more appropriate structure given the nature of its work, on 1 January 2023, which took considerable effort. While the degree of change led to a small dip in fundraising, CHASE Africa continued to support its existing network of partners (including through a much-praised partner conference) and grew its footprint through expanding work with conservation organisations. Trustees held regular update meetings with Harriet Gordon-Brown, and had the opportunity to review partner reports and 3 year plans, which show a growing ambition to focus on Adolescents and Youth where there is the greatest need. Trustees discussed the extent to which CHASE Africa finds itself at a point of inflexion (CEO transition, income growth enabling it to access larger grants, new strategic direction aimed at leveraging relationships with conservation organisations), and determined that the Trust would make the most of availability of funds to make a larger donation in the FY of £50,000.
**Medical Aid Films** : Following delays in completing the short film that the Trust funded in FY 2020-2021 (focused on providing information and signposting with regards to contraception as part of a broader Medical Aid Films programme in Zambia), this FY saw its successful launch and dissemination across multiple settings in Zambia via a well-established local partner. Trustees met
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## The Mark Anthony Trust Trustees’ annual report for the year ended 31 March 2023
the project manager three times over the course of the year and agreed to provide £15,000 of extension funding to Medical Aid Films in November 2022 to fund the development of a short clip highlighting the power of film when it comes to information and education in the field of Sexual and Reproductive Health and Rights, and to explore how material could be used on other digital platforms including social media.
**Tackle:** During the course of the FY, Trustees identified Tackle as an organisation that is aligned with the Trust’s objectives and proceeded to undertake detailed due diligence including meeting the CEO, calls with referees and the Chair, and an interview of the local West Africa team. Tackle has developed a detailed programme aimed at providing Sexual and Reproductive Health and Rights education and signposting during football training. This focuses on often hard to reach youth, and engages with girls as much as boys. It trains football coaches in its methodology and has a system of close supervision of those coaches when they delivery weekly sessions to target groups. Trustees agreed a donation of £27,048 to support a programme in Burkina-Faso that will aim to train 20 coaches and reach 400 out of school children.
**AMREF:** Trustees researched AMREF on account of its Sexual and Reproductive Health and Rights programming and its unusual structure as an Africa-led organisation based in Nairobi. During the course of the FY, trustees met the Head of Fundraising and separately the CEO and her team, spoke to several referees, and attended an event describing piloting mobile clinics for non-communicable diseases in Kenya and East Africa more broadly. Trustees also met the group CEO Dr Gitahi in July 2022, when he was visiting London. The nature of AMREF’s work, how it is delivered, and whom it targets overlaps considerably with the Trust’s other beneficiaries and trustees determined to donate £30,000 to AMREF and that working more closely with AMREF offered opportunities to share experience and ideas and to connect organisations and people.
## **Financial review**
The Trust’s investment income is derived from a gift in 2009 of 100 Shares in Ruffer Investment Management Limited, a private, unquoted fund management firm. The shares are not quoted or readily transferable and have not been valued in the Trust’s accounts. The Trustees anticipate that these shares may produce a dividend of £60,000 £125,000 per year.
The Trust’s only other sources of income are likely to be bank interest, dividend income on liquid investments and gifts from benefactors. The Trust is registered for Gift Aid.
In the FY ended 31 March 2023, the Mark Anthony Trust received dividend income from Ruffer Investment Management Limited of £123,000.
The Trust does not employ any members of staff and nor does it make any financial commitments to beneficiaries.
The Trust nonetheless aims to hold sufficient funds in reserve to fund beneficiaries at a similar level over a 3 year cycle.
## **Structure, governance and management**
The organisation is a charitable trust, formed in 2008 and registered as a charity on 25th March 2009.
The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.
The trust received its first distributable cash income in January 2010, and as of March 2012 the Trust had accumulated enough funds to consider grants.
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The Mark Anthony Trust Trustees’ annual report for the year ended 31 March 2023
The trustees have no beneficial interest in the charity.
All trustees give their time voluntarily and receive no benefits from the charity.
## **Related parties and relationships with other organisations**
Henry Maxey, a Mark Anthony Trust trustee, is a partner of Ruffer LLP. Ruffer LLP holds and administers Mark Anthony Trust funds on an entirely pro-bono basis. Trustees are satisfied that this does not present a conflict.
Claire Maxey, a Mark Anthony Trust trustee, is also a trustee of CHASE Africa, a beneficiary of the Trust. Trustees are satisfied that the Trust manages this appropriately.
## **Statement of responsibilities of the trustees**
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).
Charity law 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, including the income and expenditure, 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 UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
- 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 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 UK accounting standards. 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.
The trustees’ annual report has been approved by the trustees on 15 November 2023 and signed on their behalf by
Claire Maxey Chair
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The Mark Anthony Trust
Independent examiner’s report to the trustees for the year ended 31 March 2023
I report on the accounts of the charity for the year ended 31 March 2023 set out on pages 7 to 14.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Other matters**
Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in
accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Patrick Morrello ACA
Third Sector Accountancy Limited Holyoake House Hanover Street Manchester, M60 0AS
**28/11/23**
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## The Mark Anthony Trust
Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2023
**----- Start of picture text -----**
Unrestricted Restricted Total funds Unrestricted Restricted Total funds
funds funds 2023 funds funds 2022
Note £ £ £ £ £ £
Income from:
Investments 3 126,651 - 126,651 135,964 - 135,964
Total income 126,651 - 126,651 135,964 - 135,964
Expenditure on:
Raising funds - - - - - -
Charitable activities 4 147,768 - 147,768 140,660 - 140,660
Total expenditure 147,768 - 147,768 140,660 - 140,660
Net income/(expenditure) for the year 5 (21,117) - (21,117) (4,696) - (4,696)
Transfer between funds - - - - - -
Net movement in funds for the year (21,117) - (21,117) (4,696) - (4,696)
Reconciliation of funds
Total funds brought forward 206,702 - 206,702 211,398 - 211,398
Total funds carried forward 185,585 - 185,585 206,702 - 206,702
**----- End of picture text -----**
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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The Mark Anthony Trust
## Balance sheet as at 31 March 2023
|Note||2023|||_2022_||
|---|---|---|---|---|---|---|
||£||£|_£_||_£_|
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The notes on pages 9 to 14 form part of these accounts. 28 / 11 / 2023 Approved by the trustees on _____________________ and signed on their behalf by:
Claire Maxey (Trustee)
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The Mark Anthony Trust
Notes to the accounts for the year ended 31 March 2023
## 1 Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## a Basis of preparation
The financial statements have been prepared in accordance with 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) issued in October 2019 - (Charities SORP (FRS 102), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Mark Anthony Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.
## b Judgments and estimates
The trustees have made no key judgments which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
## c Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## d Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. The investment management is provided on a pro bono basis by Ruffer LLP of 80 Victoria St London, however it is not possible to determine the value so is not recognised as income in the accounts.
## e Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
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The Mark Anthony Trust
Notes to the accounts for the year ended 31 March 2023 (continued)
## f Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## g Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Charity does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
## h Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## i Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## j Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## 2 Legal status of the charity
The charity is a charitable trust and has no share capital. The registered office address is disclosed on page 1.
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The Mark Anthony Trust
Notes to the accounts for the year ended 31 March 2023 (continued)
**----- Start of picture text -----**
3 Investment income
2023 2022
£ £
Income from bank deposits 326 -
Dividends received 123,000 111,000
Revaluation surplus on investments 3,325 24,964
126,651 135,964
All investment income is unrestricted.
4 Analysis of expenditure on charitable activities
2023 2022
£ £
Donations 147,048 140,000
Governance costs - accountancy and
independent examination 720 660
147,768 140,660
5 Net income/(expenditure) for the year
This is stated after charging/(crediting): 2023 2022
£ £
Independent examiner's fee 720 660
6 Grants paid
2023 2022
£ £
Amref Health Africa 30,000 -
Street Child 25,000 100,000
Chase Africa 50,000 40,000
Tackle Africa 27,048 -
Medical aid Films 15,000
147,048 140,000
**----- End of picture text -----**
No grants are made to individuals. Descriptions of the grant-funded activities are contained in the Trustees' Report.
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The Mark Anthony Trust
Notes to the accounts for the year ended 31 March 2023 (continued)
## 7 Staff costs
There are no employees (2022: Nil).
## 8 Trustee remuneration and expenses, and related party transactions
Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2022: Nil).
Henry Maxey, a Mark Antony Trust trustee, is a partner of Ruffer LLP. Ruffer LLP holds and administers Mark Anthony Trust funds on an entirely pro-bono basis. The value of this service is not known and so has not been reflected in the accounts. Claire Maxey, a trustee, was also a trustee of CHASE Africa. During the period the charity donated £50,000 to Chase Africa..
Other than the above, there are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2022: nil).
## 9 Corporation tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
## 10 Investments
**----- Start of picture text -----**
2023 2022
£ £
Listed investments, at fair value
Market value at the start of the year 207,361 211,997
Add: additions to investments at cost 123,005 111,000
Disposals at carrying value (180,646) (140,600)
Add net gain/(loss) on revaluation 3,325 24,964
Market value at the end of the year 153,045 207,361
Unlisted investments, at cost
100 1p shares in Ruffer Management Limited 1 1
Total investments 153,046 207,362
**----- End of picture text -----**
The listed investments are all carried at fair value and are all traded in quoted public markets. The unlisted investments are stated at their nominal value as their fair value is unknown. The unlisted investement produces the dividends disclosed in note 3.
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The Mark Anthony Trust
Notes to the accounts for the year ended 31 March 2023 (continued)
- 11 Creditors: amounts falling due within one year
**----- Start of picture text -----**
2023 2022
£ £
Other creditors and accruals 720 660
720 660
Analysis of movement in unrestricted fundsnalysis of movement in unrestricted fundsalysis of movement in unrestricted fundslysis of movement in unrestricted fundsysis of movement in unrestricted fundssis of movement in unrestricted fundsis of movement in unrestricted fundss of movement in unrestricted funds of movement in unrestricted fundsf movement in unrestricted funds movement in unrestricted fundsovement in unrestricted fundsvement in unrestricted fundsement in unrestricted fundsment in unrestricted fundsent in unrestricted fundsnt in unrestricted fundst in unrestricted funds in unrestricted fundsn unrestricted funds unrestricted fundsnrestricted fundsrestricted fundsestricted fundsstricted fundstricted fundsricted fundsicted fundscted fundsted fundsed fundsd funds fundsundsndsdss
Balance at
1 April As at 31
2022 Income Expenditure Transfers March 2023
£ £ £ £ £
General fund 206,701 126,651 (147,768) - 185,584
206,701 126,651 (147,768) - 185,584
Comparative period
Balance
at 1 April As at 31
2021 Income Expenditure Transfers March 2022
£ £ £ £ £
General fund 211,397 135,964 (140,660) - 206,701
211,397 135,964 (140,660) - 206,701
**----- End of picture text -----**
12 Analysis of movement in unrestricted fundsnalysis of movement in unrestricted fundsalysis of movement in unrestricted fundslysis of movement in unrestricted fundsysis of movement in unrestricted fundssis of movement in unrestricted fundsis of movement in unrestricted fundss of movement in unrestricted funds of movement in unrestricted fundsf movement in unrestricted funds movement in unrestricted fundsovement in unrestricted fundsvement in unrestricted fundsement in unrestricted fundsment in unrestricted fundsent in unrestricted fundsnt in unrestricted fundst in unrestricted funds in unrestricted fundsn unrestricted funds unrestricted fundsnrestricted fundsrestricted fundsestricted fundsstricted fundstricted fundsricted fundsicted fundscted fundsted fundsed fundsd funds fundsundsndsdss
Name of unrestricted fund Description, nature and purposes of the fund General fund The free reserves after allowing for all designated funds
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The Mark Anthony Trust
Notes to the accounts for the year ended 31 March 2023 (continued)
13 Analysis of net assets between funds
|ed asset investments
t current assets/(liabilities)
al
_m_
_p_
_a_
_r_
_a_
_t_
_i_
_v_
_e_
_p_
_e_
_r_
_i_
_o_
_d_
_ed asset investments_
_t current assets/(liabilities)_
_ditors of more than one year_
_al_|General
fund
£
153,045
32,539
185,584
_General_
_fund_
_£_
_207,361_
_(660)_
_-_
_206,701_|Designated
funds
£
-
-
-
_Designated_
_funds_
_£_
_-_
_-_
_-_
_-_|Restricted
funds
£
-
-
-
_Restricted_
_funds_
_£_
_-_
_-_
_-_
_-_|Total 2023
£
153,045
32,539
185,584
_Total 2022_
_£_
_207,361_
_(660)_
_-_
_206,701_|
|---|---|---|---|---|
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Patrick Morrello Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS
Dear Patrick
This representation letter is provided in connection with your Independent Examination of the financial statements of The Mark Anthony Trust for the year ending 31 March 2023.
## _**Audit exemption**_
We confirm that the charity accounts do not need to be audited under Section 144 of Charities Act 2011, that no Independent Examination is required under Section 145 of Charities Act 2011, and that the Charity Commission has not ordered an audit to be carried out under Section 146 of Charities Act 2011.
## _**Financial statements**_
1. We have fulfilled our responsibilities as board, as set out in the terms of your engagement dated 26 June 2023 for preparing financial statements in accordance with the Charities Act 2011 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). You have drafted these financial statements on our behalf. The financial statements give a true and fair view of the financial position of The Mark Anthony Trust as of 31 March 2023 and of the results of its operations for the year then ended. We have fulfilled our responsibilities for making accurate representations to you.
2. Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.
3. We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the nancial statements.
4. We have disclosed all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements and these have been disclosed in accordance with the requirements of accounting standards.
5. Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of accounting standards.
6. All events since the balance sheet date which require disclosure or which would materially affect the amounts in the financial statements have been adjusted or disclosed in the nancial statements.
7. We confirm the financial statements are free of material misstatements, including omissions.
8. We confirm that, having considered our expectations and intentions for the next twelve months, and the availability of working capital, the charity is a going concern.
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We confirm that the disclosures in the accounting policies are an accurate reflection of the reasons for our consideration that the financial statements should be drawn up on a going concern basis.
## _**Information provided**_
1. All accounting records and relevant information have been made available to you for the purpose of your Independent Examination of the financial statements. We have provided to you all other information requested and given unrestricted access to persons within the charity from whom you have deemed it necessary to request information. All other records and related information including minutes of all management and shareholders meetings have been made available to you.
2. We confirm that we have disclosed all bank accounts and cash holdings in our control to you, and that all transactions through those accounts and balances on them at the balance sheet date are adequately reflected in the accounting records and the financial statements. We have no loan or overdraft facilities with any bank.
3. All transactions undertaken by the charity have been properly reflected in the accounting records and are reflected in the financial statements.
4. We acknowledge our responsibility for the design, implementation and maintenance of controls to prevent and detect fraud. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.
5. We have disclosed to you all information in relation to allegations of fraud, or suspected fraud affecting the charity’s financial statements communicated by employees, former employees, analysts, regulators or others.
6. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its business and which could affect the financial statements. The charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance.
7. We confirm that we have disclosed to you the identity of the charity’s related parties and all related party relationships and transactions relevant to the charity that we are aware of.
8. The charity has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements.
9. There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the nancial statements.
## **Charity speci c representations**
1. All income to which the charity is entitled has been recorded in the accounting records and is reflected in the accounts, including donations collected by supporters and other third parties.
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2. Restricted funds have been applied to the purpose for which they were intended by the funder or donor.
3. Where an intended recipient of a grant has been made aware that a grant will be paid to them, any resulting constructive obligation has been recognised in the accounts.
4. All correspondence with the regulators has been made available to you including any serious incident reports.
5. Appropriate controls are in place to ensure overseas payments are applied for charitable purposes.
We confirm to the best of our knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that we can properly make each of the above representations to you.
Yours sincerely
Signed on behalf of the board of trustees by: ……………………………………….... aN .
………………………………………....
(Claire Maxey, Trustee, The Mark Anthony Trust)
28 / 11 / 2023 Date…………………………………
Doc ID: 92360e11ce896a22b4dd97666420ce342355be70
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M16 Accounts pack 2023 Title Title File name File name The Mark Anthony Trust 31.03.23.pdf and 1 other Document ID Document ID 92360e11ce896a22b4dd97666420ce342355be70 Audit trail date format Audit trail date format DD / MM / YYYY Status Status ° Signed
**28 / 11 / 2023** Sent for signature to Claire Maxey (claire@maxeyhome.com) 16:25:45 UTC and Patrick Morrello (patrick@tsa.coop) from info@manchesteraccountancy.org IP: 62.8.103.162 **28 / 11 / 2023** Viewed by Claire Maxey (claire@maxeyhome.com) 16:37:21 UTC IP: 82.24.234.193 **28 / 11 / 2023** Signed by Claire Maxey (claire@maxeyhome.com) 16:38:39 UTC IP: 82.24.234.193 **28 / 11 / 2023** Viewed by Patrick Morrello (patrick@tsa.coop) 20:17:28 UTC IP: 31.94.24.208 **28 / 11 / 2023** Signed by Patrick Morrello (patrick@tsa.coop) 20:18:03 UTC IP: 31.94.24.208 **28 / 11 / 2023** The document has been completed. 20:18:03 UTC
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