Charity registratlOD number 11736141England and Walesl MARSHALEEN CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
MARSHALEEN CHARITABLE TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustoes Mr M W Plant Mrs E V Ballard Mrs LA Plant Charity nurnbor 1173614 Prlnclpal address 11 Lodge Close Wribbenhall Bewdley Worc8Stershire United Kingdom DY12 1DN Independent examlner Ormerod Ruller Limiled The Oakley Kidderminster Road Dro1ICh Worcestershire WR9 9AY Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Soli¢ltors Thursfields 14 Church Street Kidderminster Worcester DY10 2AH Investment advlsor8 True Potential Wealth Management LLP Gateway West Newbury West Newcaslle Upon Tyne NE15 8NX Brewin Dolphin Limited The Paragon Counterslip Bristol BS16BX
MARSHALEEN CHARITABLE TRUST CONTENTS Page Truslees, report Independent examiner's report Statement of financial activilies Balance she81 Notes to the financial statements 7-13
MARSHALEEN CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MA Y 2025 Thè truslees present their annual report and financial statements for the year ended 31 May 2025. The financial slalements have been prepared in accordance with the accounling policies sel out in note to the financial slalements and comply with the trust's governing document. the Charilies Act 2011 and A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effe¢live 1 January 20191" Oblectlves and activities The aim of the Charity is to provide finance and material benefits to individu8ls and other Charities providing animal welfare. Geographically activities will be cenlred upon the South Midlands. Primarily assistance will be given to the smaller organisations operaling wilhin the animal welfare arena. Further objectives are that the Trust will altempt to make as many visits as possible taking on board any Covid restrictions which may apply at the lim8, in order to view the work of any applican15 and to monitor the outcomes of donations given. Strategies for 8chieving 8ims and obj8clives The Chaiily invites applications for funding initially via an application form providing the Trustees with basic information to begin the decision making process. Personal meelingslvisils are then arranged when the application, following a Trustee Meeting. will be decided upon. Public b8n8fil The Iruslees have paid due regard lo guidance issued by the Charity Commission in deciding what activities Ihe trust should undertake. Achigvement9 and performance SignifiGanl activili6s and acl7ievem&nts against objeGtives Up until the death of Eileen Bell no activity had taken place within the Charity. However upon Eileen's death a legacy from her will was bequeathed lo Marshaleen Charllable Trust whlch was Invested, No further donations have been recèived during the year ended 31 May 2025 and the only income source is Ihe investment portfolio. Investmont perfomianco There are no reslridions on the Charily's power lo invest. The Charily via ils Investment advisers, True Potential Wealth Managemenl, have been advised to utilise Ihe services of Brewin Dolphin, investing via their Discretionary Fund Management Scheme. The inveslment slralegy is sel by the Trustees who provide the Investment Managers wilh specific guidelines (risk, elc). The general investment objeclives provide for a diversified risk of growth and some income at a balanced risk undertaking. Dividend income is 'paid out, in order lo fuel donations. Flnanclal revlew Reseryes policy It is the policy of the Trustees lo relain the capilal value and lo ulilise income to support ils aclivities. The legacy income from Eileen Bell's Estate will be invested and the capital level will be relained to generate income for Ihe ¢haritable purpose.
MARSHALEEN CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 Major risks The Trustees regularly review any major risks likely lo affect the Charity and can confirm that the necessary steps Can be taken lo manage and lessen such eventualities. The key risk to the Charity relates to its Inveslment Porlfolio as noted for il is on this that the Trusl relies for ongoing income. 11 is for this reason Ihal the Portfolio is independently managed and invested across a broad range of investments to mitigate market volalilily. Plans for future periods 11 is the Charily's intention to spend or indeed commit to spending the Investment Income, It Is felt that barring fflajor woild economic crisis, income is likely to be broadly maintained. The Irustees review all funding applications thal Ihey receive against the charity's objectives, The trustees are also actively seeking out suitable organisations to support and it is hoped thal the level of grants provided will increase over the forthcoming years. Structure, governance and management The trust is a Charitable Incorporated Or9anisation and is govemed by Ils ¢onslltutSon adopled on 31 July 2016, as amended on 7 December 2020 to facilitate the appoinlmenl of new and additional trustees. The Charity is consliluled under a Trust Deed dated 29th June 2017 and is registered with the Charity Commission with number 1173814. The Iruslees who seNed during the year and up to the date of signalure of the financlal statements were.. Mr M W Planl Mrs E V Ballard Mrs LA Plant Recmitment and appointment ol Irus190S The TTuslee5 are enlilled to appoint new Trustees giving due consideration lo their skills, knowledge and experience needed for the effective administration of the Trust. There is a process of induction for new Trustees including meelings with the current Trustees and provision of necèssary information as to Ihe key activities of the Trust. The key management personnel of the Charity are the Trustees who Ceive no rernuneration. The Trustees are keen to increase the number of Trustees and are looking for potential applicants lo enhance the skills of the board.
MARSHALEEN CHARITABLE TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MA Y 2025 Staternent of tNstee$' responslbilities The trustees are responsible for preparing the Trustees, Report and the financial slalements in accordance with applitsble law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requir8s the trustees lo prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the trust and of the incoming resources and application of resources of the trust for that year. In preparing these financial slatemenls, the truste8s are required to.. select suitable accounting policies and then apply them consislenlly., observ8 th8 methods and principles in the Charitl8s SORP., m8ke judgements and estimates that are reasonable and prudent, slate whether applicabl8 accounting standards have been followed, subject to any material departures disclosed and explained in the financi81 slalemenls., and prepare thè financial statements on the going concern basis unless it is inappropriate lo presume th81 the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any lime the financi81 position of the trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IA¢counls and Reports) Regulations 2tXI8 and the provisions of the trust deed. They are also responsib18 for safeguarding the assets of the trust and hence for taking reasonable steps for the prev8nts.on and detection of fraud and other irregularities. lees, report was approved by the Board of Trustees. Mr M WPlant Trustee 20 October 2025
MARSHALEEN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MARSHALEEN CHARITABLE TRUST I report lo the trustees on my examination of the financial statements of Marshaleen Charitable Trust (the trusl) for the year ended 31 May 2025. Responsibilities and basis of report As the truslees of the trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the trust's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed Ihe Directions given by the Charity Commission under section 14515){b) of the Charities Act 2011. Independenl examinerfs statement Your attention is drawn lo the fact that Ihe charlty has prepared Ihe financial slalemenls in accordanc8 with the relevanl version of Ihe Statement of Recommended Practice applicable to ¢harilies preparin9 their financial stalements in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Accounting and Reporting by Charities: Statement of Recommended Practlce issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for the ffnancial slalements to provide a Irue and fair view in accordance with UK Generally Accepted Accounting Piaclice. I have completed my examinalion. I confirm that no matters have come to my allenllon in connectlon wllh the examinatlon glving me cause to believe Ihat In any malerial respect: accounting records were not kept in respect of the trust as requifed by section 130 of the Chari118s Acl 2011. the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and contenl of financial slalements sel out in thè Charities (Accounts and Reports) Regulations 2008 olher than arny requirement that the financial statements give a Irue and fair view, which is nol a maller considered as part of an independent @xaminalion. I have no concerns and have come across no olher mallers in conneelion with the examination lo which allenlion should be drawn in this report in oTdei lo enable a proper understanding of the financial stalemenls lo be reached. Tony Archer Th8 Oakley Kidderminster Road Droilwich Worcestershire WR9 9AY Dated: 20 October 2025
MARSHALEEN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY2025 Unrestrlcted Unrestrlcted funds fund8 2025 2024 Notes Income from: Inveslmenls 28,811 26,644 Expendlture on: Raising funds Charitable aclivities 19,844 7,207 18,104 20,132 Total expendilure 27,051 38,236 Nel galns on investments 10 51,446 77,745 Not income and movement in funds 53,206 66,153 Reconciliation of funds: Fund balances at 1 June 2024 1,216,224 1.150,071 Fund balances at 31 May 2025 1,269,430 1,216,224 The Slalement of financial activili8s includes all gains and losses recognised in the year, All income and expenditure derlve from continuing aclivilies.
MARSHALEEN CHARITABLE TRUST BALANCE SHEET ASAT31 MAY2025 2025 2024 Notes Flxed assets Investments 12 1,187,493 1,139.775 Current assets Cash al bank and in hand 83,377 77,823 Credltors: amounts falling due within one year 13 {1,4401 (1,374) Net Cuent assets 81,937 76,449 Total assets less current Ilabilities 1.269,430 1,216,224 The lunds of the trust Unrestricted funds 14 1,269.430 1,216,224 1,269,430 1,218,224 Th ial statements were approved by the trustees on 20 October 2025 Mr M W Plant Trustee
MARSHALEEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Accountlng policies Charity informatlon Marshaleen Charitable Twsl is a Charitable Incorporated Organisalion and is governed by its wnslitulion adopted on 31 July 2016, as amended on 7 December 2020. The principal address is 11 Lodge Close. Wribbenhall, Bewdley, DY12 10N. 1,1 A¢counllng convention The financial stalemenls have been prepared in accordance wilh the trust's governing do¢umenl, the Charitiès Act 2011 and 'Ac¢ounling and Reporting by Charities.. Sl3temenl of Recommended Practica applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 2019)" The Irust is a Public Benefit Enlily as defined by FRS 102. The trust has taken advantage of thè provislons in the SORP for charities applying FRS 102 Update Bullelin 1 not to prepare a Slalemenl of Cash Flows. The financial statements have departed from the Charities {Accounls and Reports) Regulations 2008 only lo the extent requirèd to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charilies applying FRS 102 ralher than the version of Ihe Slalement of ReGommended Practice which is referred lo in the Regulations bul which has since been withdrawn. The financial statements are prepared in sterling, which is the funclional currency of Ihe trusl. Monelary amounts in these financial statements are rounded to the nearest £. The financial slatements have been prepared under the hislori¢al cost convention. Imodified to include the revalualion of freehold properties and to include investment propèrlies and certain financial instruments al fair valuel. The principal accounting policies adopted are set oul below. 1.2 Charitable funds Unrestricted funds are available for use at the di$¢relion of the trustees in furtherance of their charitable objectives. Reslricled funds are subject to specific conditions by donors or grantors as to how Ihey May be used. The puiposes and uses of the restricled funds are sel oul in Ihe notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the tfUSI. 1.3 Income Income is recognised when the trust is legally entitled to it after any perfomiance condilions have been mel. the amounts can be measured reliably, and il is probable thal income will be received. Cash donations are recognised on re¢eipl. Olher donations are recognised once the trust has been notified of the donation, unle55 performance conditions require deferral of the amount. Income lax recoverable in relation to donalions received under Gift Aid or deeds of covenant is recognised at the lime of the donalion. Legacies are recognised on receipt or olhetwise if the trust has been notified of an impending distribulion, Ihe amount is known. and reipt is expected. If Ihe amount is not known, the legacy is treated as a contingenl asset.
MARSHALEEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025 Accounllng policies {ContlnuÈd) 1.4 Expenditure Liabilities are recognised as expendilure as soon as Ihere is a legal or conslructive obligalion commilling the chariiy lo that expenditure, a transfer of economic benefits will be required in setllemenl ar)d the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings Ihat aggregale all cost related to the category. lthere costs cannot be dire¢lly attributed to particular headings they have been allocated to Aclivilies on a basis consistent with Ihe use of resources. 1.5 Fixed asset Invg3lments Fixed asset investments are inilially measured al Iransa¢lion price excluding transaction costs, and are subsequently measured al fair value at each reporting date. Changes in fair value are recognised in net incomel(expendilurel for the year. Transaction costs are expensed as incurred. 1.6 Cash and cash equivalents Cash and ¢ash equivalents include cash in hand, deposlls held al call with banks. other short-lerm liquid Inveslmenls with original malurities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabililie5. Baslc flnancial assets Basic financial assets, which include deblors and cash and bank balances, are inilially measured at tiansacllon price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing transaction, where the transaction is measured al Ihe present value of the future receipts discounted al a rnarkel rale of interest. Financial assets lassified as receivable within one year are not amortised. Basic flnancial liabilllles Ba51¢ financial liabilities, Including creditors and bank loans are initially recognised at transacllon prlce unless the arrangement conslilules a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities Classified as payable wilhin one year are not amoriised. Debt instruments are subsequently carried at amortlsed cost, using the effective interest rale method. Trad& credilois are obligations to pay for goods or services that have been acquired in the ordinary course of operalions from suppliers. Amoun15 payable are classified as current liabilities if payment is due wilhin one year or less. If not, they are presented as non-currenl liabilities. Trade cradilors are recognised initially al Iransaction price and subsequently measured al amortised cost using the effective inlerest method. Derecognltlon of financlal Ilabilities Financial liabilities are derecognised when the trusl's contractual obligations expire or are discharged or cancelled. 1.7 Employee benefits The cosl of any unused holiday enlillement is recognised in Ihe period in which the employee's services are received. Terminalion benefits are recognised immediately as an expense when Ihe trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
MARSHALEEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025 Crltlcal accounting estimates and Judgements In the application of the trust's accounting policies, the trustees ale required to make judgements, eslimates and assumptions about the carrying amount of ass8ts 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 lo be relevant. Aclual results may differ from th8se eslimales. The estimates and underlying assumptions are reviewed on an ongolng basls. Revlsions to accounling estimates are recognised in the period in which the estimate is revised where the revision affecls only that period, or In the period of the revision and future periods where the revision affects both current and future periods. Income from invo$tments Unre8trlcted Unrestrl¢ted funds funds 2025 2024 Investment income Interest receivable 28,646 165 26.432 212 28,811 26,644 Expenditure on ralslng funds Unrestrlcted Unrestrlcted funds lunds 2025 2024 Investment management fee 19.844 18.104 Expgnditurè on charltable activities Total 2025 Total 2024 Dlrect costs Bank charges Sundry office expenditure Grant funding of aGtivilies (see note 6) 66 1,701 4,000 71 1,187 17,500 Share of support and governance costs (see note 7) Governance 1,440 1,374 7,207 20,132 Analysis by fund Unrestricted fijnds 7,207 20,132
MARSHALEEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 Grants payable Total 2025 Total 2024 Granls lo instilulions (2 grants).. Farm Animal Sancluary Cat Protection Graatfield Small Animal Rescue 17,500 2,500 1,500 4,000 17,500 Support costs allocated to activities 2025 2024 Governance costs 1,440 1,374 Analysed between: Total 1,440 1.374 2025 2024 Governance costs compri88'. Independent examiner fee 1,440 1,374 1,440 1,374 Trustses None of the trustees lor any persons conne¢ted with them) received any remuneration or benefrts from the trust during the year. Employees The average monthly number of employees during the yearwas.. 2025 Numbgr 2024 Numbèr Total There were no employees whose annual remuneration was more than £60,000. 10-
MARSHALEEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025 10 Galns and losses on investments Unrestrlcted Unrestrlcted funds funds 2025 2024 Gainsl(losses) arising on.. Revaluation of investments Sale of investments 51,236 210 63,915 13,830 51,446 77,745 11 Taxation The charity is exempt from laxalion on its actlvities because all its income is applied for charitable purposes. 11
MARSHALEEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 12 Flxod asset Investments Llsted Cash wlthin Invesiknents portfolio Total Cost or valuation At 1 June 2024 Additions Valuation Ghanges Movement in year Disposals 1,137.737 45,311 51,236 {461 (50,330} 2,038 1,139.775 45,311 51,236 1.501 (50,330) 1,547 At 31 May 2025 1,183.908 3,S85 1,187,493 Carylng amount At 31 May 2025 1,183,908 3,585 1.187,493 At 31 May 2024 1.137,738 2,037 1,139,775 2025 2024 Inveslm8nts al fair value comprise.. UK eqvilies Overseas equities Overseas bonds Property Other 303.165 477,378 183,368 14,075 205,922 289,034 462,402 168,052 13,857 204,393 1,183.908 1,137.738 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 Credltors: amounts falling due within one year 2025 2024 Accruals and deferred income 1.440 1,374 12-
MARSHALEEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025 14 Unrestricted funds The unrestricted funds of the Gharity comprise the unexpended balances 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 sel aside out of unrestricted funds by the trustees for specific purposes. At 1 June 2024 In¢omlng Resources re80urces oxpended Galns and Ios6es At 31 May 2025 General funds 1.216,224 28.811 (27,051) 51,446 1,269,430 Prevlous year: At 4 June 2023 In¢omlng Resources resources expended Galns and 106ses At 31 May 2024 General funds 1,150,071 26.644 (38.236) 77,745 1,216,224 15 Rolated party transactlons There were no disclosab18 related parly transactions during the year {2024 none). 13-