Dsign Envelo ID. 85975313-OD2E4869-824347AB62925OBD THE COLIN AND JANET MARSHALL CHARITABLE TRUST ANLNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
Dsign Envelo ID. 85975313-OD2E4869-824347A862925OBD THE COLJN AND JANET MARSHALL CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Page TTUStees' Anllual Report Indcpcndcnt Examincr's Rq)ort Stat¢m¢nt of Fin¢in¢ial A¢tiviti¢s Balance Sheet Schcdulc of Invcstmcllts and Incomc 7- 14 Notes io Ihe Financial Staiemenis 15- 18
Dsign Envelo ID. 85975313-OD2E4869-824347A862925OBD THE COLJN AND JANET MARSHALL CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Tru4ie¢b are pleabed 10 preseni Ih¢iT repvrt ti)geih¢r wilh Ihe finanLial siaiemenis vf Ihe Lhaiily tor Ihe y¢ai ended 5 April 2024. The finanLial siaiemeni% have been piepaTed in aCLordanLe wilh Ihe aLLountin¥ poliLie% %ei out In Ihe ntsie% 10 Ihe finanLial %iatemeni8 and Lomply with the ehariiy'8 bTovernin& doeumeni, Ihe Cl)ariiie8 Aci 2011 and Accounlinb) and Reportirt& by Charilie8.' St2É tement of Recommended Praciice applicable to charitie% preparing their account% in accordance with the Financial Reporting Standard applicable in the UK and Republic ot'Ireland published in Ociober 2019. Objectlves #nd a¢tlvltles Thc Trustccs may pay or apply thc unrcstrictcd capital and income of the Charity to or for such chariiablc institutions or purposcs as Ihc Tn]stccs in thcir absolutc discrction think fit. Th¢ Trubt¢¢b L<irry out Ih¢b¢ ubjeLliv¢s by r¢¥ularly Cunsidering OpdI frorn uth¢T ¢hariti¢5 (ind Tfktkin¥ pvliLy <ind fundin¥ de¢isions. Public Benefit The Tiu%tee4 ctsntimi that they have tnmplied '7th the duty ii) 4ectii)n 17 ot. the Charitie% Act 2011 and ha'e referred tn the guidartce contained in the Charity Ci)mmi.%%ii)n'q general giiidance tsn public benefit when reviewittg the Charity'% aim8 and i)bjeLlive8 and in plartnirtg future activitie% and %eiting the dtsnation% poliey r()r the year. The benefit that ari8e% 1% the pn)Tri%ion of furtding to organisations that demonstrate ¢hariiabl¢ purpose. Achi¢vcmcnt5 #nd perfurm*n¢e Diiring the year the Tru%tee% made grant% totalling £31,00012023.. £8.5QOI In furtherante of their objectii'e8 and continue In make grani% 10 charilable organi%aiion8 boih on a one-off and recurring ba%18. The larger grart18 awarded during Ihe year are 8iaied in Ihe nole% to the fJrtanLial glalemertls. The TTUStee5 ale pl¢a5¢d with the progte55 tnade in the financial year ended 5 Aptil 2024 and look forwaid to expanding their work with niany other ¢haritie5 in the yeaT5 to ¢otne. Financial revie The TTUSt¢es reL¢iv¢d £9.701 in inv¢strn¢nt in¢urne in the rU¢t year 12023.. £6,883] dn(I the Tw5tees have (hieVed their Intentivn uf sp¢ndin¥ th¢ InLuiM¢ tyhdntdble oLlivilies. Net lllcotning resources for the yeaT were £138,383 12023.. it]coming £90,941]. In additiot] the Trust Tealised a 105s on inveslnienls of £14.717 12023.. Ios5 £3,452] and made ali unrealised gain of £86,014 12023.. Ios5 £24,082]. The nel incoming tnovemellt ot] fund5 was £209.68012023'. incomit]g £63,407]. Net incoming resources included a gift of shares to a value of £171.043 from the Hon Joanna Birkett. Ini'estment policv Thc Trustccs havc inslructcd thc Invcstmcllt Managcr that Ihc portfolio is to bc invcslcd to producc a suitsblc mixturc of incomc in ordcr thai thc Icvcl of gTrants may bc maintaincd and capital growth to sccurc thc futurc of thc Charity ovcr thc coming ycars. The Trustees are confident that the futtlre illcome stream is secure. The invcsimcni policy is monitorcd by regiilar invcstmcnt rcporis and mcciings 'Ith ihc Invcsimcni Managcr. A brcakdown of thc ic8trnLllts held diiring Ihc financial ycar Lndcd 5 April 2024 can bc sccn on pagc 7- 14. Risk lA#geMent The major risks lo which the Charity is exposed have been identified and steps taken lo mitigate those risks. The IalA risk 10 the c.harity ¢onc¢Ths the investments held. The Trustees have mitigated tl)is risk by eilgaging James Hambro & Partners LLP to manage the IiJv¢stments ttnd n)onitor the px)rtfolio and financial risks 10 the Charity. Tl)e Trustees TegulaTIy review the valuation of investinents and the in¢ome stream generated. The TrLJStees have satisfied themselve5 that the t1115t is a going conceTn and has adequate resources to continue in opeTational existence for the foTeseeable futUTe. The charitable activitie5 are funded by the investment portfolio and although C.ovid-19 did liave a negative iTnpact oli tlii5, the portfolio has [0Ver¢d witli sutTici¢nt value to support contiiiued gr(int making.
Dsign Envelo ID. 85975313-OD2E4869-824347A862925OBD THE COLJN AND JANET MARSHALL CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 Re$erv¢$ pthllcy It is thc intct]tion of thc Trustccs to sustain Ihc unrcstrictcd funds al a Icvcl which will providc sufficicnt funds for thc Icvcl of granis paid and to covcr thc Charity's managcmcnt and administration costs. At the Balance Sheet date the utuestricted reserves amounted to £841,505. Future Plans The TTuslees do not ¢nvisabFe any material chanbFe to the opEtaiion of the Charity in the long-tetm at]d the inve5tinents will ontiiiue to be mana¥ed un a SI1[ar basis a5 they ale now. Notwitlistanditlg this, tli¢ TTUStee5 Mall] fl¢xibl¢ in t¢mis of the type of or¥anisations they bupport. Stru¢ture* g(bvernance manxgement Thc Trust has charitablL status and was sct up by Lady Marshall by Dccd datcd 27 FcbNary 2UI 5. Thc managcmcnt of thc Chariry is vcstcd in thc Tnjstccs and thcy activcly rcvicw thc pcrccivcd major risks which thc Charity faces and the Trustees are satisfied that the systems are in place to mitigate those risks. The Trustecs have received appropriate briefillg on their responsibilitl¢S Ullder the law relating to charities and their duty to ensure that their cliaritable activities are for tlie public benefit. Tlie appointment of iiew trustees is vested iii the Settlor during tlieir life. Tlie selection of future trustees will have regard to the skills, knowledgTe and experience iieeded for the effective adinini5tration of the Charity. Induction alld training for trustees is provided wliere relevant. Reference #dmini5trative information A registered charity. registered with the Charity Commissioners for England and Wales as nun)ber 1161169. Prin¢ipal Office.. 4th Floor, 7 Swallow Street London WIB4DE The TtV5tees aTe Lady Marshall. Hon Joanna Birkett and John Naunton Davies. SolTCltor5'. Currey & Ci) LLP 33 Quccn Annc Strcct London WIG9HY Tndependent Examiner: Harrict Scrgcant Martiii and C.OTnpaiiy Audit Limited 25 Sl Thi)mas Str¢¢t Winchcslcr Hampshire S023 9HJ Banker". HSBC Bank PIC 8 Canada Square L(Indun E145HQ Invcsimcni M2L nagcr.. James Hambro & Partners LLP 45 Pall Mall London SWIY 5JG
Dsign Envelo ID. 85975313-OD2E4869-824347A862925OBD THE COLJN AND JANET MARSHALL CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 St8tem¢nt of Tru$tee$' Re$pon$lbllltl¢s Th¢ TTUStee5 are Tesponsible for preparit]g the Tru5tee5' Report and the financial statements in accordaiice with applicable law and iegulation5. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable regulations). Under that law the trustees must llot approN'e the financial statemellts unle55 they are satisfied that they gil'e a true and fair view of the state of affairs of the chaTlty and of the incoming resources and application of resources of the charity for tliat period. In preparing these financial statements the trustees are required to.. -%eleci 4uilable aLcouniing policie4 and Ihert apply them Lon%i%tenily? ob%erve the method8 and prirtciple% in Ihe Charilie% SORP IFRS 1021", make judgement% and aLC()unting e81imates thai are rea%nnable and pnident. %tate whether appliL2ble acLOUrtting %tandard% have been followed,-%ubjecl to any material departure% di%cl()%ed and explained In the firtancial siaiemen18; and prepare the finanLial sialemenls on the going concern basis unless it is I]pProPriate lo pre%ume that the charity will continue in bllsiness. The TTUStees ale responsible for keepiiig adequate accounting re¢otds which ate sufficient 10 show gnd explaii) the chatity's transactions and disclose with reasoiiabl¢ a¢¢iira¢y at any time the financial position of the Charity and endble theTn to ensurt that the financial 4latemertLS t()mply with the Charitie% Aet 2011. the Charitie4 IAcLtsUrtLS and Rew)rt%) Regulatitsns 2008 and the pro17i)n8 nf the Tru%t Deed. They are al8a re4pi)n81ble f()r %afeguarding the a%et% ()f the chanty and hence for taking rea%()nable %tep% for the prevention and detectiort oftraiid and olher irregularities. 25 Octobe r 2024 AppToved by the Trust¢e5 on and signed on th¢it belialf by.. Hon Joanthx Birkett DA98328CFT96487. Tru$tee
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD THE COLJN AND JANET MARSHALL CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 I rcport to thc charity IrustCCS Oll my cxamination of thc financial statcmcnts of thc charity for thc ycar Clldcd 5 April 2024 which arc scl out on pagTCS 5-18. Responsibilities and ba$i$ of report Ab the Llianly's Irubtees you aTe rebPOll5ible for the preparation of the fiiiancial statements iii ¢WCVTdance witli the requireTnents' of the Charities Act 2011 {'the Aci,). I report in respect of my examination of the chariry's finallcial statements carried out under section 145 of the Act and in carying out iny examiiiation T hai'e folloived all the applicable directions given by the Charity Corninis5ioii under section 14515llbl of the Act. Independent examiner'5 Statement I have completed my examination. I confim thai no material matters have ¢ome lo my attention irt connection with the examinaiion giving me cause to believe Ihal in any maierial speCt.. accountiiig record5 were not kept ill respect of the churity as required by section 130 of the Act,. or the financial %iaiemenis do not aLcord with Iho%e reLord%,' or the financial statements do not comply with the applicable requirements concerning the form at)d content of financial statements set out in the Charities (Accoiints and Reports) Regulations 2008 other than any requirement that the financial statements give a'true and tair N'iew, which is not a matter considered as part of an independent examination. I have no cotJcern8 and have come acro88 no other matter% in connection with the examination to which attention should be drawn irt this repori in order to ertable a proper understanding ot'the tinancial %iaiement8 to be reached. Martin and Company Audit Limited 25 Si Thvmas StTeet WinchL1Lr HampsliiTe S023 9FIJ te..
Dsign Envelo ID. 85975313-OD2E4869-824347A862925OBD THE COLJN AND JANET MARSHALL CHARITABLE TRUST STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 2024 Unrestricted funds 2024 Total funds 2023 Prlor )ear total funds Note Jthcome from.. Donations and legacies Investments 170.165 9,701 170,165 9,701 100,002 6,883 Total 179.866 179,866 106,885 Expenditure on: RJibiiig fund5 Charitable aciil'ities 6,025 35,458 6.025 35,458 4,260 11,684 Total 41,483 15,944 Net incon]ellexpenditure) 138,383 138,383 90,941 Other recognised gainsl(105se5}: Gainslllosse$l ort invesimeni ass¢ li 71297 71.297 {27,5341 Net movement ITh fuThd5 209.680 209,680 63,407 Reconciliation of funds: Total fLfftd8 brought forward 14 631,825 631,825 568,4L8 Total fund5 carried forri#rd 841.505 841,505 631,825
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD THE COLJN AND JANET MARSHALL CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2024 Note 2024 Total funds 2023 Prior v¢&r funds Fixed A$$¢ts: Investments 806,334 606,876 Totgl FixedAssets 806,334 606,876 CurrentA$$ets: Cash at bank 12 38,869 26,172 Total Current Assets 38,869 26,172 Liabilitie$: Creditors.. Amounts falling due withill one year 13 (3.698} 11,2231 Net CllrrentA5sets or Liabilities 35,171 24,949 Total Net Assets or Liabiliti¢$ 841,505 631,825 The Funds of the Charity: Uniestiicted fund5 14 841,505 631,825 Total Charity Funds 841.505 631,825 25 October 2024 Approved by the Trusiees on and signed on their behalf by.. Hon Joanna Birkett $WJn•d by.. DA9832BCF796487 Trustee
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD }1 11 I
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD
Dsign Envelo ID. 85975313-OD2E4869-824347A8629250BD
Dsign Envelo ID. 85975313-OD2E4869-824347A862925OBD
THE COLJN AND JANET MARSHALL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Statutory Information
The Colin and Jan¢t Marshall Charitable Trust ls a registered Lharity. Th¢ r¢gist¢T¢d nuTnber dll(I principal office oddrc5
an bc found in the Report of ihe TtUSte¢s.
Accounting Policies
BASIS of financial stAtement5 prepAration
The finanLial statements of the ¢haTlty. Ivhith is a publit benefit entity, hav¢ been Pl¢PaTed in attordance with the Chantie%
SQRP (FRS IQ21 'ALLI)unting and Reporting by Chanties. Statement tsf ReLtsmmended PTaLtILe appliLable ti) charitie%
preparing Iheir aLcount% in atLordanLe wilh ihe Firtancial Reporting %iartdaTd applicable In Ihe UK and Republie of TTeland
IFRS 1021 leneetive l Jartuary 20191., Ihe Finartcial Reporting Slandard applicable In the Uniied Kingdoin and Republic or
Ireland IFRS 1021 and the Charilie8 Act 2011. The linancial 8tatemenl% have been prepared Lfftder ihe hi%torical c081
convention.
The financidl 5tdteiMentb hdV¢ b¢¢n prePad ¢0 ¥I.t ¢1 'true an(1 faie view un(1 haTr¢ d¢pdi1¢d froim the Ch
Dsign Envelo ID. 85975313-OD2E4869-824347A862925OBD THE COLJN AND JANET MARSHALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Icontinuedl g) Forelgn ¢urren¢les Transactions denoininated in a foreign currency are ttanslated illto sterlillg at the rate of exchange rLJling at the date of the tran5(ICtion. At the Balance Sheet (knte monetary asset5 aiid liabilitie5 deiiomiiiated in a foTeign currency are translated at the ratc ruling at that (late. All exchange difference5 aTe dealt with in the SOFA. h} Irrecoverable VAT Irrecoverable VAT 1% wrillen otTio ihe %ame expense calegory in which ihe aclual expendiiure was incurred. Remuneration of Trustees In the financial year to 5 April 2024 the Trustees did not receive ally remuneration or have their expenses reimbursed by the Charity. Donations and le%acies 2024 2023 Gift ofshaTes by Hon J()#nna BiTkett 170,165 100,002 170,165 100,002 Investment income 2024 2023 Income trom invesljnents Gross bank interest Foreign tax deducted al SOUTce 9.260 742 13011 7,072 93 12821 9,701 6,883 Expenditure on raisin£ funds 2024 2023 Investment management fees 6,025 4,260 6,025 4,260 Charitable activitie5 Dire¢t eosts Support co$t$ (see note 8) (see note 91 2024 Total 2023 Total Charitable expndituTe 31,000 4,458 35,458 11,684 16-
Dsign Envelo ID. 85975313-OD2E4869-824347A862925OBD THE COLJN AND JANET MARSHALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Icontinuedl Dlrect cost$ The Charity undertook no direct charitable activit1¢5 but awarded grant5 to a nuinber of illStitutlOllS Ill fih¢[anCe of it5 charitsble objective5. Thc5e are as follows.. Royal Trinity Hospice The Royal lllstitute of lllternational Affairs 30,000 1,000 Total for the yeAr 31,000 Andl}'sis of grants made Grants to iN5titution$ Grants to individu¥l Tot*1 Relief of those in need, bv reason of youth, age, ill-health, disability, fiiiancial hardship 01 othei disadvantagwe 31.000 31,000 31,000 31,000 Support costs 2024 2023 Millbaijk Finaiicial Service.q fee% Currcy & Co tccs Bank charge5 Tnd¢pendellt exan)Ination fees Indcpcndcnl cxamination fccs- ptior ycar adjllstmcnt 648 2,476 60 1,200 60 1,020 1,020 4,458 3,184 10 Staff ¢osts There are llo einployee5 so consequently no staff costs have been incurred. li Fixed a55et investments 2024 2023 Market value brollghi forward 606,876 509,882 Additions 605,919 310,488 Les5 disposal proceeds 1476.8801 1185,960) Nct gainlI08s¢sI on invcsimcnts 71.297 127,5341 Market V¢ilue ¢¢imed furw4rd 806,334 606,876 17-
Dsign Envelo ID. 85975313-OD2E4869-824347A862925OBD THE COLJN AND JANET MARSHALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Icontinuedl Flxed As$¢t Inv¢$tm¢nt$ (¢ontlnu¢dl Geographiell *nal!'51S 2024 2023 United Kingdom investments Overseas investments 215,071 591,263 230,515 376,361 806,334 606,876 The book valiie of the investments at 5 April 2024 was £663,727. N¢t goinslllvs5¢51 on investTn¢nts' includes realised lobses for the yeaT of £14,71712023.. lobs £3,452] and unTealised goins un r¢ii<iluati()n to IM4rket valu¢ vf £86,01412023.- Ivs5 £24.0821- 12 Cash at bank 2024 2023 HSBC Bank PLC James Hainbro & Partners LLP 13,946 24,923 18,747 7,425 38,869 26,172 13 Creditors: Amounts fAlling due within one yeAr 2024 2023 Inv¢stment ]nanagemet]t fee5 Independent examination fees 1,658 2,040 1,223 3,698 1,223 14 lOvement in fund5 2024 2023 Unrestricted fiinds.. Balance bTouglit foTward Net moven)ent in funds 631,825 209,680 568,418 63,407 Balance carried forward 841,505 63 1,825 Net moveinellt in funds included in the above are as follows.. G#in$ #nd Movement losses in funds Income Outgoings Ullre5trict¢d Funds 179.866 {41,483) 71,297 209,680 15 Related Party Tran5aetions During the year the Hon Joanna Birketl, a tru%tee of the Colirt and Janet Mar%hall Chritable Truq( made a gift of 8hare8 to the value of £171,043 lo the Chariiable Tru%1. 18-