Charlty registration number 1173614
MARSHALEEN CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

MARSHALEEN CHARITABLE TRUST
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mr M W Plant
Mrs E V Ballard
Mrs LA Plant
Charity number
1173614
Princlpal address
11 Lodge Close
Wribbenhall
Bewdley
Worcestershire
United Kingdom
DY12 1DN
Independent examiner
Omierod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
CAF Bank
25 Kings HillAvenue
Kings Hill
West Malling
Kent
ME19 4JQ
SolicitOTS
Thursfields
14 Church Street
Kidderminster
Worcester
DY10 2AH
Investment advisors
True Potential Wealth Management LLP
Gateway West
Newbury West
Newcastle Upon Tyne
NE15 8NX
Brewin Dolphin Limited
The Paragon
Counterslip
Bristol
BS18BX

MARSHALEEN CHARITABLE TRUST
CONTENTS
Page
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statements
7-13

MARSHALEEN CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MAY2024
The trustees present their annual report and financial statements for the year ended 31 May 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note to the
financial statements and comply with the trust's governing document, the Charities Act 2011 and "Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective
1 January 2019)"
Objectives and activities
The aim of the Charity is to provide finance and material benefits to individuals and other Charities providing animal
welfare. Geographically activities will be centred upon the South Midlands. Primarily assistan¢e will be given to the
smaller organisations operating within the animal welfare arena.
Further objectives are that the Trust will attempt to make as many visits as possible taking on board any Covid
reslrictions which may apply at the time, in order to view the work of any applicants and to monitor the outcomes of
donations given.
Strategi8s for achieving aims and objectives
The Charity invites applications for funding initially via an application form providing the Trustees with basic
information to begin the decision making process. Personal meetingslvisits are then arranged when the application,
following a Trustee Meeting, will be decided upon.
Public benefrt
The trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the
trust should undertake.
Achievements and perfomian¢e
Significant activities and achiovam8nts against objeGtives
Up until the death of Eileen Bell no activity had taken pla￿ within the Charity. However upon Eileen's death a
legacy from her will was bequeathed to Marshaleen Charitable Trust which was invested.
No further donations have been received during the year ended 31 May 2024 and the only income source is the
investment portfolio.
Investment performance
There are no restrictions on the Charity's power to invest. The Charity via its Investment adviser5, True Potential
Wealth Management, have been advised to utilise the services of Brewin Dolphin, investing via their Discretionary
Fund Management Scheme.
The investment slrategy is set by the Trustees who provide the Investment Managers with specific guidelines (risk,
etc}. The general investment objectives provide for a diversified risk of growth and some income at a balanced risk
undertaking.
Dividend income is 'paid out, in order to fuel donations.
Flnancial review
ReseThes poliGy
It is the policy of the Trustees to retain the capital value and to utilise income to support its aclivilies. The legacy
income from Eileen Bell's Estate will be invested and the Capital level will be retained to generate income for the
charitable purpose.

MARSHALEEN CHARITABLE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
Majorrisks
The Trustees regularly review any major rtsks likely to affect the Charity and can confimi that the necessary steps
can be taken to manage and lessen such eventualilies. The key risk to the Charity relates to its Investment Portfolio
as noted for it is on this that the Trust relies for ongoing income. It is for this reason that the Porffolio is
independently managed and invested across a broad range of investments to mitigate market volatility.
Plans forfuture periods
It is the Charity's intention to spend or indeed commit to spending the investment income. It is felt that barring a
major world economic crisis, income is likely to be broadly maintained.
The trustees review all funding applications that they receive against the chartty's objectives. The trustees are also
actively seeking out suitable organisations to support and it is hoped that the level of grants provided will increase
over the forthcoming years.
structurei governance and management
The trust is a Charitable Incorporated Organisation and is governed by its constitution adopted on 31 July 2016, as
amended on 7 December 2020 to facilitate the appointment of new and additional trustees. The Charity is
constituted under a Trust Deed dated 29th June 2017 and is registered with the Charity Commission with number
1173614.
The trustees who served during the year and up to the date of signature of the financial statements were:
Mr M W Plant
Mrs E V Ballard
Mrs LA Plant
ReGlUltment and appointment of tmstegs
The Trustees are entitled to appoint new Trustees giving due consideration to their skills, knowledge and experience
needed for the effective adminislration of the Trust. There is a process of induction for new Trustees including
meetings with the current Trustees and provision of ne￿SSary information as to the key activities of the Trust. The
key management personnel of the Charity are the Trustees who receive no remuneration.
The Trustees are keen to increase the number of Trustees and are looking for potential applicants to enhance the
skills of the board.

MARSHALEEN CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
statement of trust￿. responsibilities
The trustees are responsible for preparing the Tnjstses, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statsments for each
finanaal year which give a true and fair view of the state of affairs of the trust and of the incoming resources and
application of resour￿5 of the trust for that year.
In preparing these finanaal 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 pNden(
state ￿ether applicable accounting standards have been followed, subject to any material departures disclosed
arKI explained in the financial ststements,. and
prepare the financAal statements on the going ¢oncem basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping SLfficient aCc￿nting records that disdose with reasonable accuracy at any
time th8 financial position of the trust and enable them to ensure that the financial statements comply viith the
Charities Act 2011, the Charity (AC￿Unts and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The
port was approved by the Board of Trustees.
Mr M W Plant
Trustee

MARSHALEEN CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MARSHALEEN CHARITABLE TRUST
I report to the trustees on my examination of the ffnancial statements of Marshaleen Charitable Trust (the trust)
for the year ended 31 May 2024.
Responsibillties and basis of report
As the trustees of the trust you are responsible for the p￿paration of the financial statements in accordance
with the requirements of the Charities Act 2011 (the 2011 Act).
I report in resped of my examination of the trusys ffnancial Statements Carried out under sectlon 145 of the
2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5)(b) of the 2011 Act.
Independent examinerfs statement
Your attention is draym to th8 fact that the charity has prepared financial ststements in accordanc8 With
Accounting and Reporting by Charities preparing their ac£ounts in accordance wrth the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) in prefe￿nce to the Accounting and
ReF)oiting by Charities: Statement of Recommended Practi￿ issued on 1 April 2005 which is referred to in the
extant regulations but has now withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair vlew in
accordance with Generally A￿pted Accounting Prac11￿ effective for reporting periods beginning on or after 1
January2015.
I have completed my examination. I confimi that no matters have come to my attention in connection wrth the
examination giving me cause to believe that in any material respecL'
accounting records were not kept in ￿sPect of the trust as required by section 130 of Ihe 2011 Act; or
the finaneAal ststements do not accord with those records; or
the financial ststements do not comply with the applicAble requirements conceming the fomi and content
of accounts set out in the Chartties (Accounts and Reports) Regulations 2IXJ8 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 con¢ems and have come across no other matters in conn8Ction with the examina￿On to which
attention should be drawn in this report in order to enable a proper understsnding of the financial statements to
be reached.
TonyArcher
The Oakley
Kiddeminster Road
Droitwrch
Worcestershire
IMt9 9AY
eoir

MARSHALEEN CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MAY2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Income from:
Investments
26.644
28,719
Expendlture on:
Raising funds
Charitable activities
18,104
20,132
17,380
1,921
Total expenditure
38,236
19,301
Net gainsl(losses) on investments
10
77,745
(38,472)
Net Incomel{expenditure) and movement in funds
66,153
{29,054)
Reconcillatlon of funds:
Fund balances at 1 June 2023
1,150,071
1,179,125
Fund balances at 31 May 2024
1,216,224
1,150,071
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

MARSHALEEN CHARITABLE TRUST
BALANCE SHEET
ASAT31 MAY2024
2024
2023
Fixed assets
Investrnents
12
1,139,775
1,010,230
Current assets
Cash at bank and in harKJ
77,823
141,149
Credltors: amounts falllng due within
one year
13
(1,374)
(1,308)
Net current assets
76,449
139.841
Total assets less current liabllities
1,216,224
1,150.071
Net assets excludlng pension liability
1.216,224
1,150,071
The funds of the trust
Unrestricted fvnds
1,218,224
1.150,071
1.216,224
1,150,071
Th
cia
tatements were approved by the trustees on 2.9.
02
Mr M W Plant
Trustee

MARSHALEEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY2024
Accounting policies
Charity inforniation
Marshaleen Charitable Trust is a Charitable Incorporated Organisation and is governed by its Constitution
adopled on 31 July 2016, as amended on 7 December 2020. The principal address is 11 Lodge Close,
Wribbenhall, Bewdley, DY12 1DN.
1.1 Accounting convention
The financial statements have been prepared in accordance with the trusvs governing document, the
Charities Act 2011 and "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) {effedive 1 January 2019)" The trust is a Public
Benerrt Entity as defined by FRS 102.
The Irust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1
not to prepare a Statement of Cash Flows.
The financial statements 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 Statement of
Recommended Practice for charities applying FRS 102 rather than the version of Ihe Statement of
Recommended Praclice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical Cost convention, [modified to include the
revaluation of freehold properties and to include investment properties and ￿rtain financial instruments at fair
valuel. The principal arKounting policies adopted are set out below.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are Subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.
1.3 Incomo
In¢ome is recognised when the trust is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. other donations are recognised once the trust has been nolified of
the donation, unless performance conditions require deferral of the amount. Income tax re¢overable in relation
to donations received L5nder Gift Aid or deeds of covenant is recognised at the lime of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, Ihe
amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent
asset.

MARSHALEEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
Accountlng policies
{Contlnued)
1.4 Expenditure
Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation committing the
charity to that expenditure, 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 ¢ost related to the category. Where costs cannot be directly
attributed lo particular heading5 they have been allocated to activities on a basis consistent with the use of
resources.
1.5 Flxed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction Costs, and are
subsequently measured at fair value al each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for thè year. Transaction costs are expensed as incurred.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, dep05its held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
Basic r
Inancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction prrce including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement conslitLrtes a financing transaction, where the transaction is
measured at the present value of the future re￿iptS discounled at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement conslitutes a financing transaction, where the debt instrument is measured at the present
value of the fvture payments discounted at a market rate of interest. Financial liabilities Classified'as payable
within one year are not amortised.
Debt instruments are subsequently Carried at amortised cost, using the effective interest rate method.
Trade creditors are obligalions to pay for goods or services that have been a¢quired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effedive interest method.
Inanclal liabilities
Derecognition of r
Financial liabilities are derecognised when the trusfs contractual obligations expire or are discharged or
cancelled.
1.7 Employee benefits
The cost of any unused holiday entiuement is recognised in the period in which the employee's servi￿$ are
received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to
temiinate the employment of an employee or lo provide termination benefits.

MARSHALEEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
Critical accounting estimates and judgements
In the application of the trust's accounting policies. the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Investment income
Interest receivable
26,432
212
28,536
183
26,644
28.719
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Investment management fee
18,104
17,380

MARSHALEEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
Expenditure on charitable actlvlties
Total
2024
Total
2023
Direct costs
Bank charges
Sundry office expenditure
71
1,187
67
546
1,258
613
Grant funding of activities (see note 6)
17,500
Share of support and governance costs Isee note 71
Governan¢e
1,374
1,308
20,132
1,921
Analysis by fund
Unreslricted funds
20,132
1,921
Grants payable
Total
2024
Grants to institutions..
Farm Animal Sanctuary
17,500
Support costs allocated to activities
2024
2023
Governance costs
1.374
1,308
Analysed between:
Total
1,374
1,308
2024
2023
Governance Costs comprise:
Independenl examiner fee
1,374
1,308
1,374
1,308
10-

MARSHALEEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
trust during the year.
Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60,000.
10 Gains and losses on investments
Unrestrictsd Unrestricted
funds
funds
2024
2023
Gainsl(losses) arising on..
Revaluation of investments
Sale of investments
63,915
13,830
(16,768)
(21,704)
77,745
{38,472)
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11

MARSHALEEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
12 Flxed asset investments
Listed Cash withln.i_
investments
portfolio
Total
Cost or valuation
At 1 June 2023
Additions
Valuation changes
Movement in year
Disposals
999,102
278,435
63,915
688
(204,402)
11,128
1,010,230
278,435
63.915
(8,403)
(204,402)
(9,091)
At 31 May 2024
1,137.738
2,037
1,139,775
Carying amount
At 31 May 2024
1,137,738
2,037
1,139,775
At 31 May 2023
999,102
11,128
1,010,230
2024
2023
Investments at fair value comprise-
UK equities
Overseas equities
Overseas bond5
Property
other
289,034
462,402
168,052
13,857
204.393
252,338
393,857
159,954
13,348
179,605
1,137,738
999,102
The fair value of listed investments is determined by reference to the quoted price for identical assets in an
active market at the balance sheet date.
13 Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
1,374
1,308
12-

MARSHALEEN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
14 Unrestricted funds
The unreslricted funds of the charity comprise the unexpended balan￿S of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 June
2023
Incoming Resources
resources
expended
Gains and
losses
At 31 May
2024
General funds
1,150,071
26,644
(38.236)
77,745
1,216,224
Prevlous year:
At 1 June
2022
Incoming
resources
Resources
expended
Gains and
losses
At 31 May
2023
General fijnds
1,179,125
28,719
(19,301)
(38,472)
1,150,071
15 Related party transactions
There were no disclosable related party transactions during the year (2022 - none).
13-