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
Dro1￿ICh
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 Cu￿ent 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 re￿ipt 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-