REGISTERED CHARITY NUMBER: 1143668
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023
FOR
DONALD & PATRICIA MARSH CHARITABLE TRUST
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
DONALD & PATRICIA MARSH CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 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 | 10 |
| Detailed Statement of Financial Activities | 11 |
DONALD & PATRICIA MARSH CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2023
The trustees present their report with the financial statements of the charity for the year ended 31st August 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, aims and public benefit
The activities of the charity give benefit to the public in everyday life by providing support to such as are charitable activities compatible with how the trustees think fit, targeted, but not exclusive, to education, heritage, the Christian religion and social benefit, predominantly but not exclusively in the West Midlands and Black Country area.
ACHIEVEMENT AND PERFORMANCE Charitable activities
The Charity has achieved its objectives during the year by making the following donations:
| £ | |
|---|---|
| Open Stage | 3,000 |
| National Association for End of Life Care | 5,000 |
| Arise Church Ltd | 2,040 |
| Lichfield for Autism Assessments | 5,000 |
| Holy Trinity Heath Town | 10,000 |
| Friends of the Montpellier Grandstand and Gardens | 2,000 |
| G5 Studio Group | 3,500 |
| Church of St Chad and St Mark | 30,000 |
| 60,540 | |
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1143668
Principal address
FBC Manby Bowdler Solicitors 6-10 George Street Wolverhampton WV2 4DN
Trustees
J L Kynnersley J Thorneycroft A C Vernon (resigned 6.8.24) S G Corfield (appointed 6.8.24)
Independent Examiner
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
Page 1
DONALD & PATRICIA MARSH CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2023
Approved by order of the board of trustees on 3rd October 2024 and signed on its behalf by:
J L Kynnersley - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DONALD & PATRICIA MARSH CHARITABLE TRUST
Independent examiner's report to the trustees of Donald & Patricia Marsh Charitable Trust
I report to the charity trustees on my examination of the accounts of Donald & Patricia Marsh Charitable Trust (the Trust) for the year ended 31st August 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.
Adrian Ralph FCA CTA
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
3rd October 2024
Page 3
DONALD & PATRICIA MARSH CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Charitable activities General Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.23 Unrestricted fund £ 27,049 73,359 (56,157) (102,467) 967,018 864,551 |
31.8.22 Total funds £ 24,679 165,033 (76,920) (217,274) 1,184,292 967,018 |
|---|---|---|
The notes form part of these financial statements
Page 4
DONALD & PATRICIA MARSH CHARITABLE TRUST
BALANCE SHEET 31ST AUGUST 2023
| Notes FIXED ASSETS Tangible assets 5 Investments 6 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
31.8.23 Unrestricted fund £ 175,375 652,432 827,807 42,828 (6,084) 36,744 864,551 864,551 864,551 864,551 |
31.8.22 Total funds £ 176,800 673,533 |
|---|---|---|
| 850,333 121,857 (5,172) |
||
| 116,685 | ||
| 967,018 | ||
| 967,018 | ||
| 967,018 | ||
| 967,018 |
The financial statements were approved by the Board of Trustees and authorised for issue on 3rd October 2024 and were signed on its behalf by:
J L Kynnersley - Trustee
J Thorneycroft - Trustee
S G Corfield - Trustee
The notes form part of these financial statements
Page 5
DONALD & PATRICIA MARSH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102) '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 (FRS102) (effective 1 January 2015)', Financial Reporting standard 102 'The Financial Reporting applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The accounts are prepared in pound sterling.
The charity is a public benefit entity.
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. Donations of listed investments are included at their open market value at the date of gift.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Freehold land with a cost of £40,000 is not depreciated.
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.
All funds are unrestricted.
Investments
Listed investments are carried at cost less provision for any permanent diminution in value. For donated investments cost comprises open market value at the date of the gift.
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DONALD & PATRICIA MARSH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| Dividends | 23,345 | 22,522 |
| Bank account interest | - | 19 |
| Interest | 3,704 | 2,138 |
| 27,049 | 24,679 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2023 nor for the year ended 31st August 2022.
Trustees' expenses
During the year the charity paid expenses of £nil to J L Kynnersley (2022 - £60).
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Investment income | 24,679 |
| EXPENDITURE ON | |
| Charitable activities | |
| General | 165,033 |
| Net gains/(losses) on investments | (76,920) |
| NET INCOME/(EXPENDITURE) | (217,274) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 1,184,292 |
| TOTAL FUNDS CARRIED FORWARD | 967,018 |
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DONALD & PATRICIA MARSH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | |
|---|---|---|
| Freehold | ||
| property | ||
| £ | ||
| COST | ||
| At 1st September 2022 and 31st August 2023 | 182,500 | |
| DEPRECIATION | ||
| At 1st September 2022 | 5,700 | |
| Charge for year | 1,425 | |
| At 31st August 2023 | 7,125 | |
| NET BOOK VALUE | ||
| At 31st August 2023 | 175,375 | |
| At 31st August 2022 | 176,800 | |
| 6. | FIXED ASSET INVESTMENTS | |
| Listed | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1st September 2022 | 673,533 | |
| Additions | 50,019 | |
| Disposals | (14,963) | |
| Revaluations | (56,157) | |
| At 31st August 2023 | 652,432 | |
| NET BOOK VALUE | ||
| At 31st August 2023 | 652,432 | |
| At 31st August 2022 | 673,533 | |
| There were no investment assets outside the UK. | ||
| Cost or valuation at 31st August 2023 is represented by: | ||
| Listed | ||
| investments | ||
| £ | ||
| Cost | 652,432 |
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DONALD & PATRICIA MARSH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
| 31.8.23 | 31.8.22 |
|---|---|
| £ | £ |
| 6,084 | 5,172 |
Other creditors comprise accountancy fees owed of £1,884 (2022 £2,772) and legal fees owed of £4,200 (2022 £2,400).
8. MOVEMENT IN FUNDS
| At 1.9.22 £ Unrestricted funds General fund 967,018 TOTAL FUNDS 967,018 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 27,049 (73,359) TOTAL FUNDS 27,049 (73,359) Comparatives for movement in funds At 1.9.21 £ Unrestricted funds General fund 1,184,292 TOTAL FUNDS 1,184,292 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 24,679 (165,033) TOTAL FUNDS 24,679 (165,033) |
Net movement in funds £ (102,467) (102,467) Gains and losses £ (56,157) (56,157) Net movement in funds £ (217,274) (217,274) Gains and losses £ (76,920) (76,920) |
At 31.8.23 £ 864,551 864,551 Movement in funds £ (102,467) (102,467) At 31.8.22 £ 967,018 967,018 Movement in funds £ (217,274) (217,274) |
|---|---|---|
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DONALD & PATRICIA MARSH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.9.21 in funds £ £ Unrestricted funds General fund 1,184,292 (319,741) TOTAL FUNDS 1,184,292 (319,741) |
At 31.8.23 £ 864,551 |
|---|---|
| 864,551 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 51,728 | (238,392) | (133,077) | (319,741) |
| TOTAL FUNDS | 51,728 | (238,392) | (133,077) | (319,741) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2023.
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DONALD & PATRICIA MARSH CHARITABLE TRUST
| INCOME AND ENDOWMENTS Investment income Dividends Bank account interest Interest Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Management Sundries Finance Bank charges Other Freehold property Governance costs Independent examiners fees Stockbroker fees Professional fees Total resources expended Net expenditure |
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023 31.8.23 31.8.22 £ £ 23,345 22,522 - 19 3,704 2,138 27,049 24,679 27,049 24,679 60,540 149,700 - 60 - 60 1,425 1,425 912 924 8,682 10,464 1,800 2,400 11,394 13,788 73,359 165,033 (46,310) (140,354) |
|---|---|
This page does not form part of the statutory financial statements
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