DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
Charity number.. 1166932
THE MARIAN ELIZABETH TRUST
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Independent auditors. report on the financial statements
ststement of financial activities
10
Balance sheet
ststement of cash flows
12
Notes to the financial statements
13-19

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Michael John Edwards OBE BA
Robert Rowley
Maureen Edwards
Rosemary Aexandra Edwards BA
Charity registered number
1166932
Principal office
The Enterprise Centre
Priors Hall
Corby
NN17 SEU
Independent auditors
Grant Thornton UK LLP
Chartered Accountants & Statutory Auditor
Royal Liver Building
Liverpool
L3 1PS
Bankers
Barclays Bank PIC
8 Market Place
Kettering
Northamptonshire
NN16 OAX
Page 1

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report together with the financial statements of The Marian Elizabeth Trust (the
charity) for the year ended 31 March 2024. The Trustees confirm that the Trustees, report and financial
slalements of the charity comply with the current slatulory requirements, the requirements of the charity's
governing document and the provisions of the Statement of Recommended Practice ISORPI, applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 leffeclive 1 January 20191.
Objectives and activities
a. Policies and objectives
The objective of the charity is to promote such charitable causes and purposes for the public benefit as the
Trustees think fit, in particular and without limitation lo the generality of the foregoing words, to promote the
physical and mental welfare of people who suffer from mental illness, incapacity or disability, arrested or
incomplete development of mind, psychopalhic disorder or any other disorder of the mind. The trust makes
grants lo charitable organisalions, such as hospices which specialise in providing care lo children suffering with
severe disabilities, with special focus on those with profound and multiple learning difficulties.
In selling objectives and planning for aclivilies, the Trustees have given due consideration to general guidance
published by the Charity Commission relating lo public benefit, including the guidance 'Public benefit.. running a
charity IPB21'.
b. Main achievements
sin￿ being formed, the charity has made many significant grants lo numerous charitable organisalions. The
financial support provided has been invaluable to those who have received the grants. The charity plans lo
continue ils support.
The Marian Elizabeth Trust approved the renewal of existing grants for a further three years. This includes
Claire House- Birkenhead, and Family Fund.
c. Grant-making policies
The charity makes grants lo charitable organisations, such as hospices, which specialise in providing care lo
children suffering with severe disabilities, with special focus on those wf(h profound and multiple learning
difficulties.
The Trustees have sought to benefit the public through a range of grants lo charitable causes within the
conditions of the trust deed.
Achievements and performance
Review of activities and financial review
The attached financial statements give details of the financial transactions in the year and the financial position
of the charity al the year end.
During the year the charity made grants totalling £1,200,00012023'. £2,044,900) to various charities, as detailed
in note 5 to the financial statements in line with the charities objectives.
There was nel income for the year amounting lo £622,70612023 nel expenditure.. £858,741) and the unrestricted
funds at 31 March 2024 amounted to a nel surplus of £326,666 12023.. a deficit of £296,040). The Trustees
believe there is now sufficient funding available lo cover all future grants payable.
Page 2

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
TRUSTEES. REPORT ICONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
other policies
a. Going concem
The trustees consider il appropriate for the accounts to be prepared under the going concern basis. In reaching
this conclusion, the Iruslees have reviewed their current funding commitments, which are in place until 2026.
After reviewing future cashflows, available cash resources and expected future donations the trustees consider
the charity lo have sufficient positive reserves to cover all current and future commilled expenditure. As a result,
the Iruslees have a reasonable expectation that the charity has adequate reserves lo continue in operational
existence for a period of at least 12 months from the dale of approval of the financial statements, and as such
continue lo adopt the going con￿rn basis.
b. Reserves policy
Unrestricted funds at 31 March 2024 amounted to a surplus of £326,66612023." £296,040 deficit). In line with the
Governing Document, funds not required for immediate use are placed in a deposit account.
The Trustees look to retain sufficient cash reserves as they consider necessary to make gmnls that have been
committed and are looking to fund that principally from voluntary income.
c. Principal funding
The Trustees are satisfied that the charity's assets are available and adequate to fulfil ils obligations.
Structure, govemance and management
a. Constitution
The Marian Elizabeth Trust is a registered charity, number 1166932, and is constituted under a Trust deed dated
g March 2016. 11 was registered as a charity on 5 May 2016.
The Trustees throughout the year and as at 31 March 2024 were as follows".
Michael John Edwards OBE BA
Robert Rowley
Maureen Edwards
Rosemary Aexandra Edwards BA
The principal address of the charity can be found on page 1," the Reference and Administrative Details of The
Charity, its Trustees and Advisers page.
b. Methods of appointment or election of Trustees
In accordance with the Trust Deed, Trustees must be appointed by Michael Edwards during his lifetime and
thereafter by resolution of the Trustees.
c. Decisionrymaking policies
The charity is run by the trustees, any decisions required are taken by the Iruslees.
Page 3

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
TRUSTEES. REPORT ICONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
structure. governance and management Icontinuedl
d. Policies adopted for the induction and training of Trustees
The Trustees are mindful of their duties in connection with training for Trustees and appropriate steps have been
taken.
e. Pay policy for key management personnel
The Iruslees are considered to be the charity's key management personnel, they are responsible for the direction
and control of the charity's aclivilies. The Iruslees have all given their time freely lo the charity.
f. Financial risk management
The Trustees have assessed the major risks lo which the Charity is exposed, in particular those related lo the
operations and finances of the Charity, and are satisfied that systems and procedures are in place lo miligale
exposure lo the major risks. There is no one prolific serious risk to note.
g. Information on fundraising practices
There were no fundraising activities in the year, and it is the Trustees, general policy not to engage in fundraising
activities.
h. Plans for future periods
The charity aims to continue to achieve its objectives of promoting charitable causes and making grants lo
numerous charitable organisalions in line with the charity's governing document.
Post balance sheet events
The￿ have been no events since the balance sheet date.
Page 4

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
TRUSTEES. REPORT ICONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
statement of Trustees. responsibilities
The Iruslees are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and regulations.
The Charities Act 2011 requires the Iruslees to prepare financial statements for each financial year. The Iruslees
have lo prepare the financial slalements in accordan￿ with United Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable lawl, including FRS 102 The Financial Reporting
standard applicable in the UK and Republic of Ireland. The Iruslees musl not approve the financial slalemenls
unless they are satisfied that they give a true and fair view of the stale 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 stalemenls, the Iruslees are required to..
select SLJitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP IFRS 1021",
make judgements and accounting estimates that are reasonable and prudent",
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The Iruslees 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 lime the financial position of the charity and
enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts
and Reports) Regulations 2008 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.
Disclosuro of infomiation to auditors
Each of the persons who are Trustees al the time when this Trustees, report is approved has confirmed Ihal..
so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity'5 auditors are aware of that information.
Auditors
The auditors, Grant Thornton UK LLP, have Indicated their willingness lo continue in offi￿. The designated
Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Michael John Edwards OBE BA
Trustee
Dale.. 3111/2025
Page 5

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MARIAN ELIZABETH TRUST
Opinion
We have audited the financial statements of The Marian Elizabeth Trust (the 'charityl for the year ended 31
March 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of Cash
Flows, and notes to the financial slalements, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Stsndards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the charity's affairs as at 31 March 2024 and of ils incoming
resources and application of resources for the year then ended.,
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice
including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and
the Statement of Recommended Pmetice." Accounting and Reporting by Charities, 2019 Edib'on, and
have been prepared in accordance with the reqU1￿ments of the Charities Act 2011.
Basis for opinion
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
regulations made under section 154 of that Act. We conducted our audit in accordance with International
Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are
further described in the 'Auditorfs responsibilities for the audit of the financial statements, section of our report.
We are independent of the charity in accordance wth the ethical requirements that are relevant to our audit of
the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
We are responsible for concluding on the appropriateness of the trustees, use of the going concem basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the charity's ability lo continue as a going concern. If we conclude
that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the
financial statements or, if such disclosures are inadequate, to modify the auditor's opinion. Our conclusions are
based on the audit eviden￿ obtained up to the dale of our report. However, future events or Conditions may
cause the charity lo cease to continue as a going concem.
In our evaluation of the trustees, conclusions, we considered the inherent risks associated with the charity's
business model including effects arising from macro-economic uncertainties such as the impact of cost inflation,
we assessed and challenged the reasonableness of estimates made by the Iruslees and the related disclosures
and analysed how those risks might affect the charity's financial resources or ability lo continue operations over
the going concern peri(￿.
In auditing the financial statements, we have concluded that the trustees, use of the going COn￿M basis of
aceounling in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect lo going concem are described in the
relevant seetions of this report.
Page 6

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MARIAN ELIZABETH TRUST
ICONTINUEDI
Other information
The other information comprises the information Included in the Trustees, Report and Financial Stslements,
other than the financial slalements and our auditor's report thereon. The trustees are responsible for the other
Information contsined within the Trustees, Report. Our opinion on the financial statements does not cover the
other information and, except to the extent olhenmise explicitly slated in our report, we do not express any form
of assurance conclusion thereon.
Our responsibility is to read the other Information and, in doing so, consider whether the other Infomiation is
materially inconsislenl with the financial statements, or our knowledge obtained in the audit or olhenmise appears
lo be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, we
are required lo determine whether there is a material misslatemenl in the financial slalements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of this other
Information, we are required lo report that fact.
We have nothing lo report in this regard.
Matters on which wo are requirgd to report by exception
We have nothing lo report in respect of the following matters where the Charities {Accounts and Reports)
Regulations 2008 requires us to report to you if, In our opinion..
the information given in the Trustees, report is inconsistent in any material respect with the financial
slalements., or
the charity has not kept sufficient accounting re¢ords', or
the financial statements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we requi￿ for our audit.
Responsibilities of trustees
As explained more fLJlly In the Trustees, Responsibilities Statement set out on page 5, the Trustees are
responsible for the preparation of the financial statements which give a true and fair view, and for such Internal
onlrol as the Trustees determine is necessary lo enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity's abilty to continue
as a going concern, disclosing, as applicable, matters related to going conTrrn and using the going concem
basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no
realistic altemalive but to do so.
Auditorfs responsibilities ft>r the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will a￿ayS detect a material misstatement when il exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they
ould reasonably be expected to influence the economic decisions of users taken on the basis of these financial
statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. The exlenl to which our
Page 7

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MARIAN ELIZABETH TRUST
ICONTINUEDI
procedures are capable of delecling irregularities, including fraud is detailed below..
We obtained an understanding of the legal and regulatory frameworks applicable to the charity, and the
industry in which it operates and determined which may influence the financial ststemenls. Given the nature
of ils operating activities, the charity is subject lo several laws and regulations where the consequences of
non-compliance could have a material effect on amounts or disclosures in the financial statements.
We determined that the following laws and regulations are the Most significant which are directly relevant to
specific assertions in the financial statements.
Those that relate lo reporting frameworks being FRS 102 and the Statement of Recommended Practice
I'charities SORP IFRS 1021.1, the Charities Act 2011 and the relevant lax compliance regulations.
We assessed the sus¢eplibility of the charity's financial statements to material misstatements, including how
fraud might occur. We performed the following audit procedures to address the risks related to irregularities
and fraud".
evaluats'on of the processes and controls in place lo address the risks related to irregularities and fraud.,
review and testing of journal entries.,
identifying related parties and performed a review for any related palty transactions in the year.
We have enquired of the Trustees whether there was any awareness of instances of non-complian￿ with
laws and regulations or whether they had any knowledge of actual or suspected fraud. We corroborated the
results of our enquiries lo supporting documentation such as board minute reviews.
In assessing the potential risks of material misstatements, we obtained an understanding of the charity's
opeotions, the applicable statutory provisions and business risks that may result in risk of material
misststemenl, and the charity's control environment, including the adequacy for authorisation of
transactions.
These audit procedures were designed lo provide reasonable assuran￿ that the financial statements were
free from fraud or error. The risk of not delecling a material misslatemenl due to fraud is higher than the risk
of not detecting one resulting from error and detecting irregularities that result from fraud is inherently more
difficult than delecling those that result from error, as fraud may involve collusion, deliberate con¢ealmenl,
forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and
regulations is from events and transactions reflected in the financial statements, the less likely we would
become aware of it.
The engagement team's experience with similar engagements, their understanding and knowledge of the
charity's industry and their understanding of the industry and regulatory requirements were considered in
assessing the appropriateness of the collective Competen￿ and capabilities of the engagement team.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditors, report.
Use of our report
This report is made solely lo the charity's Iruslees, as a body, in accordance with Part 4 of the Charities
IAccounts and Reports) Regulations 2008 and section 154 of the Charities Act 2011. Our audit work has been
undertaken so that we might stale to the charity's trustees those matters we are required lo slate to them in an
auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume
responsibility to anyone other than the charity and ils Iruslees as a body, for our audit work, for this report, or for
the opinions we have formed.
Page 8

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MARIAN ELIZABETH TRUST
ICONTINUEDI
Grant Thornton UK LLP
Statutory Auditor, Chartered Accounlanls
Liverpool
Dale.. 3111/2025
Grant Thornton UK LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 9

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Total
funds
2024
Total funds
2023
Note
Income from:
Donations and legacies
Investments
1,820,440
24,489
1,820,440
24,489
1,203,689
1,699
Total income
1,844.929
1,844,929
1,205,388
Expenditure on:
Charitable activities".
Grants
Support costs
Governance
1,200,000
1,200,000
2,044,900
779
19,050
22.223
22.223
Totsl expenditure
1,222,223
1,222,223
2,064, 129
Net movement In funds
622,706
622,706
(858, 741)
Reconciliation of funds:
Total funds brought fOn￿ard
Nel movement in fvnds
{296,0401
622,706
{296,0401
622,706
562, 701
(858, 741)
Total funds carried foNiard
326,666
326,666
(296,040)
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 19 form part of these financial statements.
Page 10

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Current assets and liabilities
Cash al bank and in hand
14
1,895,438
1,118,949
Creditors.. amounts falling due wthin one
year
10
{1.068.772}
(666,989)
Net current assets
826.666
451,960
Total assets less current Ilabllltles
826,666
451,960
Creditors.. amounts falling due after more
than one year
11
{500.0001
(748,000)
Total net assetsllliabilitiesl
326.666
(296,040)
Charity funds
Unrestricted funds
12
326.666
(296,040)
Total fundslldeflcltl
326,666
(296,040)
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
t(duLL tIwArls
Michael John Edwards OBE BA
Trustee
Dale.. 31/1/2025
The notes on pages 13 to 19 form part of these financial statements.
Page11

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note
Cash flows from operating activities
Nel cash generated from operating activities
13
776,489
2,620
Cash flows from investing activitios
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
776.489
2,620
1,118,949
1,176,329
Cash and cash equivalents at tho end of the year
14
1.895,438
7,118,949
The notes on pages 13 to 19 form part of these financial statements
Page 12

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Ggnoral information
The Marian Elizabeth Trust Is an unincorporated charity, registered in England and Wales.
The Charity number is 1166932 and the registered address is The Enterprise Centre, Priors Hall, Corby,
NN17 5EU.
Accounting policios
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities
preparing their accounts in aceordanee with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeetive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities". Statement of Recommended
Prackn.￿ effective from 1 April 2005 which has since been withdrawn.
The Marian Elizabeth Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless olhermse slated in the
relevant accounting policy.
The financial statements are presented in Steding 1£). Please see page 1 for details of the registered
office address.
2.2 Going concern
The trustees consider it appropriate for the accounts lo be prepared under the going concem basis.
In reaching this conclusion, the trustees have reviewed their current funding commitments, which are
in place until 2026. After reviewing future cashflows, available cash resources and expected future
donations the trustees consider the charity to have sufficient positive reserves lo cover all current and
future committed expenditure. As a result, the trustees have a reasonable expectation that the charity
has adequate reserves to continue in operational existence for a period of at least 12 months from
the date of approval of the financial statements, and as such continue lo adopt the going concem
basis.
2.3 Income
All income is recognised once the Charity has entillemenl to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Investment income in the form of interest is recognised on a receivable basis.
Page 13

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.4 Expenditure
Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit
to a third paty, 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 on charitable activities Is incurred on direcdy undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Governance costs are those incurred in connection with the administration of the charity and
compliance with conslitulional and statutory requirements.
Grants payable are Charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, bul not accrued as expenditure. Grants payable are included in the financial statements
on an undiscounled basis as in the view of the Trustees this provides a more meaningful view of the
transactions.
2.5 Intorgst recgivablo
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
institution with whom the funds are deposited.
2.6 Cash at bank and in hand
Cash at bank and 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.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the selllemenl can be estimated reliably.
Liabilities are recognised at the amount that the Charity anlicipales it will pay lo settle the debt or the
amount it has reTrived as advanced payments for the goods or services it must provide.
Grants payable without performance conditions are On￿ recognised as a liability when a commitment
has been made and there are no conditions to be met relating to the grant which remains in the
control of the charity.
2.8 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.
Page 14

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.9 Fund accounting
General funds are unreslricled funds which 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.
Income from donations and logacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
1,820,440
1.820,440
1,203,689
Donations totalling £1,820,44012023". £1,203,689) were received from Michael Edwards, a Iruslee of the
charity.
Investment income
Unrestrieted
funds
2024
Total
funds
2024
Total
funds
2023
Interest receivable
24,489
24,489
1,699
Page 15

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of grants
Grants to
Institutions
2024
Total
funds
2024
Total
funds
2023
Grants payable
1,200,000
1.200.000
2,044,900
2024
2023
Acorns Children's Hospice
Rainbows Hospi￿ Family Support Fund
Rulland Rotoracl Family Support Centre
Newlife Centre
1,005,000
600,000
39,000
400,000
900
Amber Keating
Claire House
Family Fund
600.000
600,000
1,200,000
2,044,900
Support Costs
2024
2023
Bank interest paid
179
No support costs relate to grant making activities.
Governance costs
2024
2023
Accountancy, audit and taxation fees
22,223
19,050
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DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Auditors. remungration
2024
2023
Fees payable lo the Charity's auditor for the audit of the Charity's annual
accounts
15,552
14,400
Fees payable lo the Charity's auditor in respect of accounts production
services
Taxation compliance services
3,780
2,891
3,600
1,050
Trustees. and employees remuneration and expenses
During the year, no Trustees received any remuneration or other benefils12023 - £Nil).
During the year, no Trustee expenses have been incurred (2023- £Nil).
There were no employees of the charity during the current or prior year. As such, no employee received
remuneration of £60,000 or more in the current or prior year.
10. Creditors: Amounts falling due wtthin one year
2024
2023
Grants payable
Accruals
1.048,000
20,772
648,000
18,989
1,068,772
666,989
Grants payable due within one year in the current year consist of amounts owing lo Acorns Children's
Hospice for £335,000, Rainbows Hospice Family Support Fund for £200,000, Rulland Rotoracl Family
Support Centre for £13,000, Ne￿Ife Centre for £100,000, Claire House for £200,000, and Family Fund
£200,000.
Grants payable due within one year in the prior year consist of amounts owing to Acorns Children's
Hospice for £335,000, Rainbows Hospice Family Support Fund for £200,000, Rulland Rotoracl Family
Support Centre for £13,000, and Newlife Centre for £100,000.
Page 17

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11.
Creditors: Amounts falling due aftgr more than one year
2024
2023
Grants payable
500,000
148,000
Grants payable due after more than one year in the current year consisted of amounts owing to Newlife
Centre for £100,000, Claire House for £200,000, and Family Fund for £200,000.
Grants payable due after more than one year in the prior year consisted of amounts owing lo Acoms
Children's Hospice for £335,000, Rainbows Hospi￿ Family Support Fund for £200,000, Rutland Roloract
Family Support Centre for £13,000, and Newlife Centre for £200,000.
12.
Summary of funds
Summary of funds- current year
Balance at 1
April 2023
Balance at 31
March 2024
Income Expenditure
General funds
{296,0401
1.844.929 11.222.223)
326.666
Summary of funds- prior ygar
Balance al
l Apnl 2022
Balan￿ at
InGome Expenditu￿ 31 March 2023
General funds
562, 701
1,205,388 (2,064, 129)
(296,040)
13.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Nel incomelexpenditure for the period las per Statement of Financial
Acts'vitiesl
622,706
(858, 741)
Adjustments for:
Increase in creditors
153.783
861,361
Net cash generated from operating activities
776,489
2,620
Page 18

DoGUSign Envelope ID." 7A27EEEB4B07.4502ADDF.87EED7786659
THE MARIAN ELIZABETH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14.
Analysis of cash and cash equivalents
2024
2023
Cash in hand
1,895,438
1,118,949
Total cash and cash equivalents
1,895,438
7,118,949
15. Analysis of changes in net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
1,118,949
776,489
1,895,438
1,118,949
776,489
1,895,438
16. Related party transactions
The Charity has not entered into any other related paty transactions during the current or prior year that
have not already been detailed within the financial statements. nor are there any outstanding balances
owing be￿een related parties and the Charity at 31 March 202412023 - nonel-
During the year, donations amounting lo £1,820,440 12023.. £1,203,689) were received from Michael
Edwards, a Iruslee of the charity.
Page 19