Chwity R•gl¥tratlon No. 1170463 THE GEOFFREY AND PAULINE MARTIN TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS for the year ended 30June 2024
THE GEOFFREY AND PAULINE MARTIN TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trust••8 Philip J•mos Baths AJ)thony Michael Bayliss Jang Loulse Fagan harlty nufflb•r 1176483 Audtt DSG Ca$lL* a)ambers 43 Castle Street Uverpool L2 9TL Bank• NatW8st Bank Stevenson Way Wavertree L13 1NW Aeeountsnt DSG C¥$lk Chambers 43 Castle Str881 Uverpool L2 9TL Soll¢ltor¥ Brabners LLP Horton House Exchange Flags Uv¢rpool L2 3YL Inv•strnent advi8orB Rathbones Port of LlverF4)ol Building Pr Head Livery11 L3 1NW
THE GEOFFREY AND PAULINE MARTIN TRUST CONTENTS Page Trustses, Mport statement of Tru5tees' rosponsblnll•s Indepèndent auditorf8 report Slatemenl of financial acte8 Balare Sheet Notes to the finawal statements 10-17
THE GEOFFREY AND PAULINE MARTIN TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Trustees presentth8lr rewt and finarKkql slaternents forth8 year ond&J 30 Juno 2024. The finanThal sl8l¢m•nts have been prepared In accordance with the accountlng lIdeS set out in note 1 to tho financ1 ststements and compty wSth the Geoffrèy and Paullne Martin Trust'¥ grjvoming documenL the Charitie$ Act 2011 and °Accounting and Raporting by Charibos.. Statement of Recxjrnmended Practice applicable to arilies preparing thelr accounts Sn accordance th the Flnanckgl Repcrting Standard appllcab19 in the UK and Republlc of Ireland IFRS 1021. la$ am9ndgd for accounling p8fK)ds commarAr frorn 1 Jawary 20181. obJ•¢t1¥ and •¢tlvltles The Geoffrey and Pauline Marttn Twsvs objecls are to apply fvnds held to prornte charitable purpos9$ in any part of tho world. Specifically. thg Charilable Trusts focus will be SUPKxJrNng charities in the following ar&a$'. mlea1 Conon induding cancer. arthribs. asthrn•, kndney dlseases and Ih08e attributable to agefjng. Charftable Trust wll aL80 on 8nimals. in partiujlar cats. Aims of charity alms of the Charity are to appw, at the dbuetion of the Thtsts&s. grants to the charftable (ig¢ts. How achi9ment ol alms furth•rs obje¢tlvès The Trustees achievo1hr charitable objeclNes by rn8king grants to the ¢h8rltabl& objects. Str•tegle8 for 4chl•vlng alm4 The Charltsble Trust B essentially investrngnt based and intsnds to ulll(s¢ th• Income gpnwated from t invtmenl kyjrfollo to fund the grants tho tru$t•s havè decided to makg. stat•ment of coMpllan¢• wlth Charfty Commlsslon 9uldanc• The TTUStees have pald duè regard to the Charity COMMISOn'$ guldarKe on publ¢ baneffit In dedding thg aVeS undertaken by the Charfty durlng the year. Thè Trust88s are satisfi&Y Ih¥t the information provided in the report accounts Thets the publlc benefft reporn9 requiroments. Charltabl• actlvlUe¥ Thgrg aTe M operatljnal adTwitiès other than thoso InVold in th• operath)n of Ihe irwestmenl pothlio. Grwrt maklno poIIcy The Charitabb Trust Is mainty invofvèd Sn grant maksng in furtherance of the chwltles aims. The Trustsas agf99 and award grants to meet the tharities thj8ctiv&$. Grants made during Ihg ytar are rTh)nilored and recognisèd in the a)unts in th8 rIOd for which they are inlènded to be appl*d and Ireatsd 0$ due In total on the date paid. A¢hl•Y•mgnts and p•rforman R•vl•w oflhè Charfty'$ o¢hl•v•m•nts The Trustee3 arg h8ppy that by aFvlying thelr inteNJed grants to varfous charitalle objgcts th•y have been to fulfil Iheir aims in WOVKJing fvndlng and support. Several dcrlalions Were madg during the year as detailed in thg accounts.
THE GEOFFREY AND PAULINE MARTIN TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 Investmènt p•rforniane• frAosl of Ihe Charflls wtal Is Invest on the stock markèL and thmugheut Iho year the retum of th8 porifollj fell within Ihe Truslè&s' acceptab vadance of Ihe rfOrManC$ benchmark. OrvJolng Investment ad¢8 IB provided by the Investment thisors in conjunclitsn with the Tnta&s. As at 30 JLme 2024. the ptthlio was valued al £10,658,278 rnpad to £10.039,884 in 2023. Flnancial r•vl The Charilable Trusfs overall lund bahn6 for th& year total £11.240.022 th o)mpares to £10,561.281 in 2023. Aftor taklThJ Inlo consIderaOn total n8t incoming rgsources, rwnised g8ln8 and bsses during tha year, commitments to charftablg donatI(X and govemance costs, Ire wx¥ an overall incroose in the nel movement of fvnds £684.741 compar¢d to an Increase of £561.291 foi 2023. The Trustees ha alw Tevl8w¢d Ihelr grant maklng capabillty and TII, golng forward, ensure Js $ufflc4ent IrKorne y98r on ye8rto enable their finan¢ial commltrnents to be mat. The TYu8tees h8ve delegatèd the operation of th6 Investment p)rlfolto to iftvestmenl athsors who arg responsible for meeting the Charity's Inve8trn8nt Objectivos and vtho ore mèasurèd against the benChrna. The Trusle8s consider their investrnents as expend8bt• endowments. provhling 8 relatively secure and pr1Cble stream of income from whith to make grants. The TnJS1 aim to distributg a large percentag8 of Ihe income, net of expensès. in eath financial year and trerefore do not m8int8ln incomg reseNes as such. H¢)wever any unre81i¥ed galns the income Iwèl$ C tha Investments hebj are ntInual r•ewell by the Tnjstees ai their me8tlros lo gnsure that Ihey have suffldenl funds to meèt their obl8¢tives. R•soryes policy As 8 gt makkng charity rnsèrve$ 8rt held as knveslm8nts to generats an Incom8 from whO¢h to award grants. InTMtmont Pollcy The operab'on of the Inveslmgnt Portbllo has been delego¢ed to the Investrnent adwsors whom thets 18 a. discretlonary agr8smenL The invoslment a(Ivi8or6 ars qUired to avoid exposure to investments which ar& deemed to be"unsuit8ble In the context of th8 Trustees, Obièthes, when Cor1ring Ihe portfolio as a whole. Th investmont advisors wll provide half yearty reports which 11 include a Ststement confirming adh&ren lo thi% policy stAtgmenl or providlng d&tss of eXptionS together with explanalions. The rèport 11 a180 include a nparison of the FJrfolfio rebjm ift relat)n to the benGhmark. Major doviatKJns will be ex8min8d and explalnod. The ben¢hmark upon whtch th• investment portfollo18 m8asure¢l b the MSCI WMA Balanced Inde As the are no spwi¥fic re$triGlions of Investment rM)wers under th8 govemlng deed, the Trustees have full dlscretlon over thè Investments. The Trusle8s hav& delegated the Investmènt advlsors lo have ftTII dl$crstionary day to day control of th8 invesknents. In a¢cordancÈ with the Trustee Act 2000, as this duty h85 been delegalad. the Twstees havè In plac8 4 Pollcy Statement. AL90 in aetsydance tho TNStee 12000, th& fnjstees conlnu¢ lo regularfy review the 11•$. The Trustses have reVIe0d oJrr8nt FXlicig5 and do not fe818ny amendments are necessary. Assets have bean acquirad and dl$posod of In accordance wKh the powèr5 available lo Ihe Trustees.
THE GEOFFREY AND PAULINE MARTIN TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 Rhk manag•m•nt The TteS have wnsidered the major rfsks to which the Charity Is OXFxisod and hÈve estsblished system8 and proc£dures to manage these. Th15 Include$ the appointment of acUntsnts lo provide 8dvke aThJ accountancy sas., Snv•stment ad$01S to provide ¢onlinuou$ ov8rslght ol the Trusfs inv•slmènt portfc4io', and Iha TnJstees Ih8msèlv8s have 8gre8d to delegate certain lunctlts)s to those Mth apprcyrlate sk1115 to monit¢x •ffactlv Manag•Ml of the Trust and the applcation of fuThYs to fulfil thelr chwitabte otyedive6. The Trustees consldèr variablllty of Investment relUrr to conslllute tha Chartty's major financkil risk and have pui the investment policy in pkgcg to managa that risk. Thg Trusteas reco9nlse Ihe rfsk as50fAated with Intment in main8trearn financlal markots and ¥ept Ihis iisk in r¢tum lor thg prosp•ci of addithinal retums over longer p8rlods of time. They wish to modaralo the risk of deviation of relums relalve to Ihe chosen nchMark. Plam for the future The Trustees ¢ontinue to COnder writtèn 4)pllcat#)ns forfundiig trom Indlvklu81s and other charitable organisations. They hold UnrestrO¢ttd Funds and so all fijnds are available to meet Iho Charlty$ oblecfves and ar6 Sasfied that the Charltys assets arg availablè and adequate to fuffil its current obiecllves whieh will continue for the foreseeable future. Structure. governan #nd m•naym•nt Naturo d gov•mlng docum•nt The Geoffrey 8nd Paune Martln Trust was established by a charWable trust deed on the 16th hAay 2017 by pauli Marlin. The Trustees who served duriw the yoar and up to the dale of svjnaturn of thè financial slatements were.. Philip James Bark Anthony Micha&l BalsS Jane Lou5se Fagan R•¢Nlb)wnt and •ppolntment of trusttt Tr* ChartLYs govoming body a the Trustees and now trustees Bre elected by the ContinuirrfJ Trustsos and ony Retiring Trustsos al thg timg of appolntsnenL Th8 Tru3tee3 are kopt up to ¢Jato r8levant matters by Ihwr profeS4W advtsors.Any new TN3lees are m¥dg aware of their duti95 and rfjsponsibilib8s at th8 lime of their 8pp¢¥ntment. ¢)ryanlsatk¥nal stru¢turn The Trust Is malnly a grant makong charlty. In general the Trustees Ilaise with their pro10nal advlsors In respect of tho investment portfollo and deal with Ihe ch3rttabl& donations induding identity'ng and Ilalslng wth organlsations vA)ose aCtiVeS help fulfil the objeclfves of the Charity. How d•cisions ar• mad The Charity is run by 8 body of TnJst88s who liaise regular amortt themselves and their professional advisors fornially a year to review the policies and obiectivg$ of th& Trust. The Trustees act in accordan¢9 th the d8c5sk)ns madg 81 Ihg50 me8lng$ wllh the appr(yriats aillons mknutsd.
THE GEOFFREY AND PAULINE MARTIN TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 IndudSon and iralnlnu of trusts•s Incoming Truste88 are n7ade aware 0fthr rnsptsnsib1lw9 and tho Trusts, objecllve3 from the extstkng Trust998 and thèlr PTof8ssKnal advtsors at the dale of their appointment. Tho Trusl8e$ ar6 kept up to date M relgvant matt8TS by their preSSIOnal adv$30Tr. Op•ratlonal restrldlons There are no ¥IrIC restrlctions impo88d on the Trustees by the grnIng document concoming th* way the charity ¢an operale. Sp•¢lal Inv•stm•nt pmrs Thèrè are no spacthc restrictions on th¢ Trust88s' investmgnl Fthvers. The Trust•ès have dèdded forthè tirne being to Impose r8$trfctions of their own, on th• investment #dsc(S as118ted In thè investment policy. Ass•t coverfor funds The Tru$lee5 aro 8atisned thwe aro Sufficient assets to mg91 the Charitys obllgallons. Thg TN81ee8' report was 8pprov•d by ts Board ofTruglee& Phillp Jamos Barks Anthony Mleh••l Bayllss Jan• Loulso Fagan Da19d.. 2410112025 Dated.. 1211212024 Daled..
THE GEOFFREY AND PAULINE MARTIN TRUST STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 30 JUNE 2024 Th& Trustees ar8 rnSF¥Jnsible for preparing the Truste85' Report and Iho flnanclal statemgnts in aox)rdat)¢g wlth appli(able law and Unitèd Kkngdom Accounting Standards (United Kingdom Gènorally ArLepted Accounth Practic81. Thg law applScablg to chariiles in England atKI Wal8s requires thè Trustees to Prepare finanejal stat8m8nts for each fbnAnclal whlch give a true and tslr vlew of the state of affairs of the Geoffrey and P8ulin¢ Martin Trust and of th& hKomlng resources and opplicabon of resourcos of the Geofv and Paulin8 Marlin Trust for Ihot yèAr. In pparfng these Iln8ndBI statements, Ihe Tru8tg89 are reqred to.. - seknl yuitable acUntirQ pol¢les and then awy them Clsten1.. - ob$erv& tho methods princplgs in tho Chorilie8 SORP; - make judg¥men¢s and estlmates that are re8sonable and prudgnl" - state whether appli¢ablo 8ccounlng stsndards havg been fdk)wed, 5ubje¢t lo any materral deparbjres di8dosed and exphined in tho finandal statements., and - prepare tha finanrAal Statsmgnts on the going ciincem basls unkn it is inapproprOat6 to presume that the charity 11 continue in operation. Tho Trustses are responsibb for kèeplng suffiaent accounting records Ihat disdose with wsongblg 8¢cura¢y at any tim8 the finand81 posltion of the Geoffrey and Paullne Martin Twst and ¢n8bl8 them lo ensure that the financial statements comply with thè Charities Act 2011, the Chority (Accounts and R¢portsl Regulations 2008 and the Provislons of the INSI deed. They are also responglbla for safeguarding tho assgts ¢)f the Geoffrey and Paulin¥ Martin Trust and hence taklng reasonable steps for th• provenlion and detedltsn offroud and other kregularflles.
THE GEOFFREY AND PAULINE MARTIN TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE GEOFFREY AND PAULINE MARTIN TRUST Oplnlon We have audited the ffinancial stalements of THE GEOFFREY AND PAULINE MARTIN TRUST I 'Geoffrey 8niJ Pauline Marun Trust'l ft)r the year 8nded 30 June 2024 comprlsa thè ststement of finandal actMti8s, the balarth sheel and Ihe notes to the finandal 8tslements, induding a summary ofslgnfficanl a¢¢ounb'ng Folloss. The finandal reportin9 framework th81 has bsen applled in their paratIOn is appIlble law and Unlt8d Kingdom AcCc4Jnts.r Stsn¢Jards, induding Finanaol Reporting Standard 102 The Financial Reporting Sl8ndard 8ppli¢able in the UK and R8public of lrnland IUnit•d Klngdom Gengr81tyAeptgd Accounting Pradice). In our opinlon. the finandol slalemgnts: give a true and falr vlew of the stat8 of the charlty's affairs as gt 30 June 2024 and of Its incoming resthJrc£s 8nd applcatlon of resources, for tho year thèn ended., have been Fyoperly prepared In aectsrdance with United Ktngdom Gener¥lty Acc&pted AccounirKd PTaclce: and havo been prwred in aCeordanr w6th the re(wlrgmgnts of the Chartlie8Act 2011. Basls for oplnion We conducted our audit kn aordae wKh Intem8tional Standards on Audibng {UTrQ {ISAs IUKII and oppllcable law. Our responslbllNfe5 undèr those StdardS arg furthsr described In the Auditorfs Tesponsibttlities ftir tho audlf ol th• fin8wlal statgmènts secllon of our pOrt. We arè indepondant of th& Ggoffrèy and Pauline MartSn Trust in aceordar)ce wllh the ethical requlrem&nts that ar8 relevant to our audit of the financial statements In the UK ncluding tha FRC'S EthIco1 Standard. and we havè fulfilled our other ethlc81 re8ponslbllfties in ar£ordance ttwe roqulrèments. Wg believe 1hat the audlt evldence we have obtain8d is suffldenl and apprOat6 to provlde a bèsis for our opinn. Conclu¥ions r•latlng to golng concgm We hava nthirKJ to rgF¥Xt in reSpt of thè fo10ng matters In relation to whh th& ISAS (UK) r8qulr& us to report to you where: the Trustee8' U88 of the gokng concem bas18 of accountlng In the preparation of1hè finandal $taternenls ts not appropriate., or thè TnJstÈes have not dlsclosgd in the firndal $talem8nts 8ny identifi•d materfal uncortainties that may cast significant doubt about the Geoffrgy and Paulin8 Marbn Trust's ability to Continue to adopt the gMg ca)ncem basis of accjnIltyj for a perlod of al kast hv8lve monltrts from the date when thè financial stslemenis are aulhorf8td for Issue. Oth•r Inlorn)atlon The Truste8s are responsibk for the olher information. The olh•r Infom)at6on comprisgs the informallon indud•d in the annual report, olhor than lh8 17n8nThal statemènts and our auditors rèport there. Our oplnlon on the fth8n&al statem&nls does not ¢over the other infonnatlon and w8 do not expre&8 any form of asmnce condusKJn on. In conne¢lion w6th our audit of the financial statement$. our responslblllty 1$ to rtsad the othor inforryrauon and, in doing so, o)nslder whether thé other inf0mtion Is materially Inconsislenl wlth the financlMI ststements or ryjr knowledge obtained in the audFt or othemse appears to be mat•rialty misstated. If we identlfy such materi Iwnsistendes or apparent matsrial misslatemants, we are requir&J lo det8miine whèther thera 1$ a matert misBtatemont In the Itnancral statements or a matèrial misslatamènl of the other infomialkjn. If. based on the w we have porformed. eondude Ihal there Is 8 materLg1 misstatement of this other infLvm¥lion. w9 *8 requ5red to report that fact. We hove nothing to rert in Ihis regard. Matt•rs on whl¢h we ar• rnqulred lo r•port by exceptlon Vve ha nothing to r9POrt in reS¢t of the 1ollohng mattels in relation to whlch the Charfkn {AccrnJnts 8nd Reports) Regulations 21x18 requirè us lo report to you if, in our opinS0n.' the informalKJn gen in th8 flnanck?I strtomenls Is inconslstent In any material respeca wilh thg Truste8s' rfjport: L sufficiènt accounting re¢ortls hav8 not been kgpt., or the fknanckal $tstements arè not in agreement with th& accjnI1ng rerdS,. or
THE GEOFFREY AND PAULINE MARTIN TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE GEOFFREY AND PAULINE MARTIN TRUST wo have not recelved all the wifomllon 8xpl8natlon5 we requlre for our 8udlL R•sponslbllltl•s ot Tru$ts¢$ As explained more fvlly In thè s&itement of ThJgtts3' wponsibilities. Ihe Tru8lees ar8 r88pLX)$1b for Ihe preparation of Ihe fin3ncl81 ststoments and for belng satisfièd that thay glve a true and fair v, and for such Intsrnal control as the Tn89¥ d¢t9rm[ is nSSary to enabb th4 pr•paration of financial statements that a free from material misgtstement, whelh8r due to fraud or error. In pr8paring the financial statements, the Trust are responsible for 888osslng tho Geoffrey aThJ Pauline Martin Tnjst's abilty to contlnue as a golr4J ¢onc8m, dls¢k)slng. as applKabb, matters relateil lo gc4ThJ Con and using the g¢lng ¢oncem basls of acojunting unless th• Trusteos 8llheT intend to cease ¢peratkJns, or have no realistr'¢ allem¥live bul to do so. Audltorfs r•sponslbllEtle• ftbr th• •udit of th• tlnancial statements We have been appointsd as audllor und8r section 144 of thè Charitias Act 2011 and report in acrdanCe wllh the Act and revant regulations rn8de or havlng effect thereunder. Our objedves are to obtain reaBonablè assur8neA about whether Ihtr finclal statements as a whde are free from m8terkql mlsstatement, whether du8 to fraud or ¢rnr, and to issue an audilorf8 lgpgrt that includes our opinion. Re88onabb aUranCe is a high level of assuran(. tr¥Jt Is not a guarantee that an 8udrt condu¢ted In 8rdance th ISAS (UK) wlll ahvay8 detect a material misststèmant when It exlsls. Ml8Statements ¢8n arlse from fraud or eryor and ar¢ nSIdered material if. inijvidualty or in th$ aggregate, they coubJ Teasonabty b8 8XkCted to influence the economic doclsh)ns of users taken on the basis of these fin&91 statements. A further description of our respon5ibilit*s lor the audil of the flnancl81 st8t8m8nts is located on the Flnancial Rèporting CouncAI's websTie at.. http:IlwvM.fr¢.org.uklauditorsresponsibilities. This dgscrlptton forms part of our audltoV$ r9POrt. oth•r matt•r Your èttent4on Is drawn lo the facl thal the charfty has prepared financial stalgmgn15 in a¢¢ordance with'Accounting and Reportlng by Charfti8s.' Statement of R8comm8ndéd Practice applicable to eharlti•s preparing their accounts In a¢cordane6 vhih the Financial ReportiThJ Standard 8pplicable in the UK and Republlc of Ireland IFRS 1021. {a8 amendèd) In pref$ren¢g to tha Accounting and Reporting by CharWés'. Statomenl of Recommèndèd Praclic8 issuod on l April 2005 which is rèf8rr&d to in tho extant regulations but has now been wthdrawn. Thls has been done in oriJ8r for the lknandal statements to a tsue and fair wew in acwrdarts wlth rrent GeneraltyAccepted AccountlrYJ Pr8etlce. of our r•port This report is made solety to thè charlS tntstees, as a body. In accordance Trth part 4 01 fv Charfl (Accounts and Reports) Regulations 2008. Our audit work has been undartaken so that we might Stale to thg ¢hariWs trustees Ih)se matteTr we are requirèd to state to them in an 8udllorn' report and for no other purpose. To tho fvjllesl extent permitted by law. we do Th)t attept or assume responsibiffty to anyone other than the tharity 8nd thè ¢harlty'$ Iruslees a$ a bcxjy. for ow audf( work. fclr Ihis ra ort. ¢Y for the Opinn$ wè have fomed. 2711 Izs DSG Chartered A¢¢ountsnts Statutory Audllor C88110 Chambwg 43 Castle Street Llverpool L2 9TL DSG i¥ •ligibl• for appointment as alitOr of tho Geoffrey and Pauline Marbn Tw$1 by virtue of ts eligibilty for appointment as auditor of a company undor of #èclion 1212 of the Companieskt 20C6.
THE GEOFFREY AND PAULINE MARTIN TRUST STATEMENT OF FINANCIAL AcTIVlEs INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unr•strict•d UnrKtrfct•d fvnds funds rev•nu• caplt•l 2024 2024 Total Unreslrfcted UrTrStrt•d funds funds rev8nu• eApital 2023 2023 Total 2024 2023 Donxlions and legaclos Invgsbnents 1.682 258.109 1.682 258,109 468,384 247,828 247,828 Total Incom• 259,791 259.791 716,212 716,212 Ralslng funds 70.827 70.827 e6.704 66,704 Charitable adwlies 359.277 25,281 384,558 239.496 21.845 261.341 Total r•sourc•s expend•d 359,277 96.108 455,385 239.496 88.549 328,045 N•t gainsl{lossg51 on Investrnents 10 880.335 880.335 173,124 173,124 Ntt mowment In funds 199,4861 784,227 684.741 476.716 84.575 561.291 Fund balances at 1 Ju 2023 898.677 9,682.604 10.561.281 421.961 9,578.029 9.999,990 Fund bahnces at 30 Juno 2024 799,191 10,446,831 11246.022 898.6TI 9,662,604 10.561,281 The statem•nt of finan¢lal athKios Inc4ude8 811 gains and losses reccgnisad In the y9ar. All and expenditure derives from continuing o¢tfvi118S.
THE GEOFFREY AND PAULINE MARTIN TRUST BALANCE SHEET ASAT30JUNE 2024 2024 2023 Not•# Flx•d •ss•ts Inve8trngnts 11 10,658.278 10.039.884 Current assets Debtors Cash at b8nk and in hand 13 362.308 241.516 133 538.357 603,824 538.490 Cr¥ditors: amou1 falllng due withln ono yoar 14 (16,080) {17,093} Nel current a88ets 587.744 521,397 Total a$s•ts lo ¢urr•nt IlablHtI 11,246,022 10,561,281 In¢om8 funds Unrestrlcted fund8- capltsl Unre3lride(I furKls- ravènug 10.446.831 799,191 9.682.604 898,677 11.246.022 10,561,281 Tho finan¢ial stalenwnts re approved by th& TTU$tees on ......................... Philip James Barks Trust•• Anthony Michael BalsS Trust•• Jane Lou6se Fa9on
THE GEOFFREY AND PAULINE MARTIN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 A¢eountlng Wl¢l•s Charlty Inforn)ation THE GEOFFREY AND PAULINE RTIN TRUST Is a tharttable trust forn by a d8ed dated 76 May 2017. 1.1 Acmuntlng ¢onv•ntlon Thg financ¥al statoments have been pyeparad in accordanc& vjith the GffreY and PaUle Martin Tru3Vs veming douJmgnL thg Charitw Act 2011 and "A(Unting and Repc&Ung by Char05. Statement Recornm8nded Practi applica to chorffj98 preparirg their a¢¢ounl8 in a¢ord8nc• with the Financlal R8wKting Stsnd¥rd appltable in tre UK ond Republic of Ireland IFRS 1021. las amended for 8ccounting perfods cLJmmencing from 1 January 20161. The Geoffrey and Pauline Martin Trust 1$ a PubtiG B&n8fft Entity as defin9d by FRS 102. The Geoffrey and Pauthng Martin Trust has taken advant898 of the provisions In the SORP for ¢harltles applylng FRS 102 UpJat8 Bulkwn 1 not to pr8par• a Statsment of Cg$h Fkjws. The anoI statement$ are prepared in stgrl'ng. whlch18 the functional currerKy of thè G•offt8y and Paullne Martin Trust. Monetary amounts in te financkgl statamènts ar8 rounded to the nearest £. The finan¢fal statements have been ppared un¢Jer the hi¥torical cost wnvention, modifièd lo include the Investsm8nts at market valug at th8 balance sheet dale. Thè principal a¢¢ounting policies adopted are sel £yJt telow. 1.2 Golng GonM At the lime of approwng the financial stataments, thg Tru3tees have a w3onabl8 wectation that the Geoffrey and Pauline Martin Trust has adpquate resouTces to continue In operational existen for th¢ foseeable luture. Thu$ the Trustses contfjnue lo adopt Ihe going concem basis of accounting In preparing the fi'nancAo1 slalemenlg. 1.3 Charltabbe fund• Unrestricted funds ale avaiLgble for use at the d68cretion of the Trustg9s Sn fvrtheranco of Ihelr charftable oblocllv&8. 1A Incoming r•sou Income is recognlsg(I when the GeOffY and Paulin8 Martin Trust is legalty ntitd toll after ony perfcfftiarKe condit)ns have mel, thè amounts can bo measured rolat4y. and It is probable thal irKome 11 bè rec8iv8d. Cash donations aye r¢¢cJnis8d on rncolpt. Other donat*)ns or• recognlsed once 1h• Geoffw and Paulln6 Martin Trust has been nolified of the donation, unless perlomiance conditrons requlrè defeThal of the amourtrt. Inco tax recoverablg in rnlalltsn to dOnatiOr raceived under GiftAhl or dèeds of Covenant 1$ r•eognl8¢d at the Umè of th8 tlonalion. Legacies a recognts8d on rlpt or otherwise If tho Geoffray and Paullne Martln Thsl has been nottfied of an imwnding distribuilon, thè amount 58 known. and recelpt is expected. If the amwnt is not known. the legacy is treated as a conliThJenl asset. 1.5 Resoure•$ •xp•nd8d The costs ofggnernung fvnds c4Jn818t of investment management eosts. 10-
THE GEOFFREY AND PAULINE MARTIN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng pollel•s IConllnu•dl Costs of charltable a¢tWes induda gronts made. s¥0M&no8 o)sls and an apportt¢)nmgnt of support costs. Exwnditure is accounted for on an 8rmuals bas18. Grant$ payabl8 are charged in thè yèar whan the offer 1$ mède except in t}Se cases whero thè offw Is condilitsn¥l, such grants ng Tecowlsd as expendituré vA)8n the condluons attacling art fulfilled. Grants offered subject lo cOndOn$ which have not b88n mel al the 8t are rioted as a commitment, but not accrued as Èxpèndlture. 1.6 Flxed asset invo$tm•nts Fixed 8SSat investrnents are InallY mgasur&J at transaclion prlco excluding transaction eosts. and are subsequenY MsUred at fair value at aach reporting date. Changes in fair value are reix)gnisad in net incom8llexpendtiur8} for th8 year. Trark83d•)n costs are expen8e(l as incurred. 1.7 Cash •nd ¢ash wulvaleftts Cash and cash equivabnls inthde cash in hand, rtfrposlts hekl at call vAth b8nks, Olhèr short4erm Ilquld h)ve$trnents wth origirbal maturities of three months or 1¢$$, and bank overdrafts. Bank ovwdrafts are shown wlthln t<Jrmwlngs in current liaknlibgs. 1.8 Flnanclal Instruments The Geoffrey and Pauline Martln Trust has elected to apply Iha pn)ViSKJns of Seclijn 11 'Bbsic nanal Instruments, and Soction 12'0ther FinonrAal Instruments Issues. of FRS 102 to all of its finanaal instwments. Financial instrumgnts are recognlsed in the Gwffrey and P¥uln• Martln Trusfs balance sheet when the Geoffrey and Pauline Marlin Trust becomes p8rty to the contraclual provlslons of the instrument. Flnanclal assgts and liabllll8s are offsel with th• net amounts Presentsd In the finclaI statements. when there is a legalty 6nfor¢eable rwt to Set off the ¢(gnISed amounts and Ihore Is an Sntentbm to settle cn a net bos16 or to Te8115& tho ¥$Wt and sottlg Ihe liability 5imultsn8ousIy. Bask Ilnjnclal assets Basic finanaal assgts, whlch IndLth debtors and Cash and bank bal. aro InNlally measured Iransaction price irKludirvJ transa¢tlon costs and are subs•qu8ntly carried 81 arnrtised cost using the effecllve intgrost method Un8$ th• arrangement con8tiluts3 a financirrtJ transaction. whare the transactkjn is measured at the Present value of the futuro recelpts discountgd at a market ralg of intornst. FinancAal a38ets das$lfi¢d as receivabb w(thin onè yèar are not arnorbsed. Bask Ilnonelalllablllths BasSc financial Ilabilities. Includlng credor8 and bankloons oro Inltially rerAwis•d at transaction pri unless th¢ arrangernenl con8tilutè$ 8 financing tran8action, where the debt Instrument Is mèasured al the presènt value of the future payments dlscounted at a market rale of interest. Finanaal liabihtles ¢iassiflgd as payable withln ono y¢or are not amortised. Debt in¥lrum$nts gre subs8qu8ntty carri$d at gmortised cost, usiNJ tha Offective inleTe5t rato m0d. Trade creditors are obgatiOnS lo pay for go(¥J$ or servKes that havo bn acquired in the ordinary ¢oU0 of operations from supplitsrs. Amounts payabb are dassif*d 85 currant li8bilitie5 rf payment is due wthin one year or less. If not. they are Presentsd a¥ non-currenl liabllMes. Trad¢ ¢reditors are recogni8ed iniknally al tranSaCOn pricg and Subsequenly measured 81 ?mDrtised cost usiNJ thg 8ff8Ctlve interest mgthDJ. D•r•cognltlon olflftancl•l llabllltl•s Financial liabililitss a derecognised when tho Gaoffrgy and Pa1n& Mthn Trust's contractual oblpJalion5 axplre or are dischargsd or cancelled. 11
THE GEOFFREY AND PAULINE MARTIN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Donation¥ and l•gaelo$ Unrnstriel•d Unrnslricted nd¥ furKIs g•n•ral goneral 2024 2023 Donations and grfts 1.682 468,384 In¥o8tm•nt# Unr•stri¢tsd fund$ 9gn•ral Total 2023 In(x)me from Ilsted investm&nts Inter8St r8cafvable 252,521 5,588 242.654 5,174 258.109 247.828 12-
THE GEOFFREY AND PAULINE MARTIN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Chaiitabh actmtl 2024 2023 LT Print Group Bank charges 490 24 538 24 Gront funding of acbwlies18ge note 61 Share of govem8n¢e cx)sts (see note 7) 353,240 30.780 234,024 27,293 384,558 261,341 Anatysls by fund Unrestricted fvnds- general Unro5trth(I funds- capital 359.277 25,281 fJ9,496 21.845 384.558 261.341 Ralsing Unr•strlcted funds ¢apltal 2024 Total 2023 Investsnent management fo8$ 70.827 66.704 70,827 66,704 13-
THE GEOFFREY AND PAULINE MARTIN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Grants payabl8 Chiritabl• Charftablè Expondul• Expenijiture 2024 2023 Gronts to Inslitutions: University of Lrpc(ll The sin Riv•tt-Camac Tw¥1 Paul's Place Eaty Music as Edu¢ation Cats Prot¢ctv)n Wirral Foodb8nk Horse Sense Wlrral Hecto13 Greyhound Raxue Boote Home for Cats British Red Cmss NSPKU Linb80 lyo9 Rehoming Contre Bare Nece$$llles Tam (YShant&r Urban Fami Volunt8ry Aid Club MICAH Llverpool NguTO Therapy Contre Good Grief Trust Prevent Breast Canc•r Maggie's der Hey Chlldren'$ Charlty Dogs Tru$l RSPCA Mukiple Sderosis stiety The Campbell4um$ Metabollc Trust Emmehne's Pantry Welsh AirAmbul8n World of Glass Mrn dnèy Care UK Gateshead Fo)dbank MND Associati PDSA- Huylon All Together Now CLgtterbridge C8n¢er Charity Hope Centre Wirral Ark North Cwd Anlmal Reswe Asthma and Allergy Foundation The Wirfdl Youth Centre Jackson'sAnimal Rescue 30,OC 10.(KIO 10,IX)O 12,500 s,rJJo lo.0 15,000 15,000 10.000 40,000 10,OC S.OC4) 19.999 10.000 10,000 11.000 15,000 10.000 10.000 10,000 5.000 20,000 5.000 15.000 10,¢JX) 15.OCM) 10,000 1.800 10.000 10.CKJO I5,LKJO 10.000 9.925 lo.0) 12,000 10,000 10.CQO 4.100 3.500 10.000 10,000 5,000 15.000 10,000 353,240 234,024 14-
THE GEOFFREY AND PAULINE MARTIN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Support co4t8 Support Gov•rnance ¢osts 2024 2023 Audlt fees Acuuntsncy Leg81 and professlonal 2,112 21.780 3.401 23,958 4,500 23.958 30.780 30,780 27,293 Jane Fagan works for 8rabneTS LLP which mado total charges during the y¥ar of £4.50012023 £3,401} for their services as Tru$to&s. This is dassed as an 8llowablg axpens8 according to thg Trust Dd. No further muneration, re-imburs?rnent of expenditure or benefit Sn kond hov¢ been Curred. Employo9$ Thora w8r• no employees during the yo8r. 10 N•t galnsl{lossey) on Inveslm•nts Unr•strl¢t funds ¢apltal 2024 Total 2023 Revaluan of investments Gainllh)ss} on $919 of investments 954.431 174.0961 105,624 67.5 880.335 173,124 15-
THE GEOFFREY AND PAULINE MARTIN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 11 Flx•d ass•1 InvMtmènt¥ Inv•¥tments Cost or valuatlon Al 1 Juty 2023 Addltlons Valuatkin chan989 ProfftlLoss on Sale of Invesbnonts DisposBL8 10,039.884 2.828,704 954.431 174.096 {3,090,6451 AI 30 Juno 2024 10.658,278 CaTrylng amount At 30 June 2024 10,658,278 30June 2023 10,039.884 12 Flnancial in$trumgnts 2024 Carrylng amount offlnan¢lal 4$8•ts Debt Instruments measured at amorU$e(l Cost Equity in$trumonts mea8ured at cost lass impaimiant 362.308 10.658.27 133 10.039.884 Carylng amourt of flnan¢l•l Ihbllltl• Me8sure(J at amortlsed cost 16,080 17.093 13 D•btors 2024 2023 Amounts falllng du• wlthln ono y••r: Other debto 362,308 133 14 CredltOT: amounts falling due wlthln yr 2024 2023 Accruals and delerred Income 16.080 17.093 16.
THE GEOFFREY AND PAULINE MARTIN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 15 An418 of Mt as#ots b•tw•èn fund$ unrestrIct Unr•strlet•d fund$ rnv•nu• funds PItal 2024 Total Total 2024 2023 Fund balances at 30 June 2024 are 19pres8ntod by. Investments Currant assetsllll¥knllAle51 10.658,278 10,658,278 10,039.884 1211,4471 587.744 521.397 799.191 799,191 10,448,831 11,248.022 10,581.281 16 Relatsd party trs•¢I10n6 Th&r& were no disdosabb rfjlatsd paty transacllons during the yggr12023- Th)nol. 17-