REGisfERED COMPANY NUMBER.. CE014202{England and Wales)
REGISTERED CHARITY NUMBER.. 1178510
20
Reeve & Co
Chartered Certified A¢¢ounfafits
Unit 14 Oak House
Witharn Park
Waterside South
Lincoln
LN5 7FB

Mar
ndation CIO
Contents of the Financial StatèmÈn
f r the Year Ended 31 Ma
2023
Page
Report of the Trustees
Ito2
Indepet)dent Examlner's Report
Statement of Flnanclal Actlvltles
Balance Sheet
5t06
Notes to the Flnanclal Ststements
7t09
Deialled Ststement of Flnandal Acimtles
io

n F ndati
rt of the Trustees
r the Year Ended 31 Ma
The trustees who are also dirertors of the charity for the purposes of the Companies Act 2006, present their report
with the financial ststements of the charity for the year ended 31 May 2023. The trustees have adopted the provlslons
of the Statement of Recommended Practice ISOAPI 'Accounting and Reporting by Chafltles, issued in March 2005.
REFERENCE AND ADMINISTRATIVE OEfAILS
Reglstered Company number
CE014202 (England and Wales)
Re8lstered Charlty number
1178510
ReÉlstered office
6 Chufch Hlll
Washingborou8h
Llncoln
Llncolnshire
LN4 IEH
Trustees
C R Parkln
Mr5 J Parkin
M R Poucher
Mrs CO Mawer
Independent examln•r
Reeve & Co
thartered Certlfied Accountants
Unit 14 Oak House
wiiham Park
Waterslde south
Uncoln
LN5 7F
STRUCTURÉ, GOVERNANCE AND MANAGEMEIIT
Governlni do¢urnent
The charlty Is controlled by Its 8overnlng documenL a deed of trust. and constitutes a Ilmlted company. Ilmlted by
guarantee. as defined by the Companie5 AU 2(#)6.
RSsk rnana￿ment
The trustees have a duty to Identlfy and revlew the rlsk5 to whith the charity Is exposed and to ensure appropriate
contro15 are In place to provlde reasonable assurance against fraud and error.
oBJE￿IVES AND AcfMnES
Oblectlves and alms
The objects of the charitable or8anisation are for the benefit of the public to advance education by the provision of
Biants to students of any age and to e(lucaUonal establishments In relation to the provlslon of educatlon.
Page I

r orie Li
man Foundation
Ae
he Trustees
Y ar Ended 31 Ma
OBJEcnvES AND ACTivmES
Slgnlficant activltles
During the year the Foundatlon made grants to 93 students 12022: 63 students). These payments were malnly
awarded to younger students In secondary and Un￿e￿ty edUca￿on in the East Midlands.
The Foundatlon has held several meetings with Educational Institutions in the East Mldlands area to discuss how the
Foundatlon can assist the prospects of local students.
Currently there are 50 applicatlon5 that are belng considered.
Total grants awarded for the year arnounted to £94.IM)12022: £81.$001.
Grantmaklni
Any support glven by the marjor￿ Llpman Foundatlon wlll be for Indlvlduals or oiganlsatlons whlch allgn wSth and
meet the Foundatlon. Grant maklng may be pro-act￿e, by which the trustees Identify Indivlduals or organlsatlons the
Foundatlon wlshes to support. Such offers shall be made as and when the trustees Identlfy sultable candldates or
or8anSsations.
FINANCIAL REVIEW
Reserves pollcy
The Reserve Fund represents the unrestrlcted fvnds artsln8 from past operatin8 results and also the free reserye5 of
the Foundatlon. The trustees have revlewed the reseryes ol the Foundatlon encompasslnq the nature of the Income
and expendlture streams.
It Is the pollcy of the Foundatlon to maSntsln reserves at a satisfartory le¥el In the 118ht of present and foreseen
commitments.
Prlnclpal fundlni sources
The prlnclpal Source of fundln8 for the Foundatlon Is Marjorle Llpman Ltd. è company re8lstered In England (number
084354231.
Under the terms of the lasi wiii and Testament of Mrs Marlorle Llpman. Marlorle Llpman Ltd shall be used a5 a vehlde
to fund the Marlorle Upman Foundatlon.
Investment polky and oblertl¥es
The tru5tee5, havin8 regard to the Ilquidlty requirements of the the work of ihe Foundation. have kept avallable fund5
In an Intere5t-bearin8 account.
FUTURE DEVELOPMEi¥f5
The Foundation contlnues to award grants to ellgible students in the East Midlands reglon. It 15 antldpated that the
Foundation will continue to meet it's financial targèt Of awardin8 8rant5 of £I(m),￿ per year since Marjorie Lipman
passed away In 2016.
The FoundatSons to Continue this work until all a¥allable fvnds are expended.
Approved by order of the board of trustees on
and $18ned on Tts behalf by..
C R Parkin - Trustee
Page 2

Inde
endent Examiner's Re
ort to the Trustees of
ai orie Li
man Foundation ao
I report on the accounts of the company for the year ended 31 May 2023. whlch are set out on pages four to nine.
Responslbllltles and ba51s of report
As the charity'5 trustees land also the dirertor5 for the purposes of company lawl you are responslble for the
preparation of the accounts in accordance with the requirernÈnts of the Companies Act 2(NJ6.
Havbng satlsfied myself that the charity 15 not subject to audit under company law and Is ellglble for independant
examination, I have examined your charity's accounts as required under Section 145 of the Charitles Act 2011 I'the
Act'l. In carryin8 Out my examination I have followed the Direction5 given by the Charity Commission under section
14515llbl of the 2011 Act.
My role Is to state whether any material matters have come to my attentlon givln8 me cause to belleve..
that accountln8 records were not kept as requlfed by sectlon 386 of the Companies Act 2006: or
that the accounts do not accord with those records,. or
that the accounts do not Comply with ihe accountlng requlrements of section 396 of the Companles Act 2006
and wlth the methods and prlnclples of the Charities Statement of Recommended Practice applicable t
charltles preparlng thelr accounts In accordan¢e wlth the Flnandal Reportln8 Standard appllcable In the UX
and Republlc of Ireland.. or
that there 1$ further Informatlon needed for a proper understandln8 of the accounts.
Independent examlnerfs statement
I have completed my examlnatlon and have no concerns In respect of the matters 111 to141 Ilsted above and, In
connectlon wlth followin8 the Dlrectlons of the Charity Commls51on I have found no matters that requlre drawln8 to
your attentlon.
P A Reeve FCCA
Association tsf Chartered Certlfled Accountsnts
Reeve & Co
Chartered Certlfied Accouniants
Unlt 14 Oak House
witham Park
Waterside South
Lincoln
LNS 7FB
ePRth96e 23 23
Page 3

Mar
orie Ll
man Foundation CIO
Statement of Finanaal Activi
for the Year Ended 31 Ma
2023
31.5.23
Unrestricted
fund
31.5.22
Total
funds
Notes
INCOMING RESOURCES
Incomlng resources from generated fvnd5
Voluntary Income
l(KJ,000
RESOURCES EXPENDED
Charltable actlvlttes
Grants to students
Governance costs
94,586
1,21)J
81,737
1,2(xJ
Total r•sour¢es expended
95,786
82,937
NET INCOMING AESOURCES
4.214
17,063
RECONauAnON OF FUNDS
Total funds brought forward
61,863
44.800
TOTAL FUNDS CARRIED FORWAIID
66,077
61,863
CONTINUING OPERATIONS
All incomln8 resources and resoltrces expended ar15e from contlnuln8 actlvltles.
The notes forni part of these finanaal statements
Page 4

Mar
or
undatlon CIO
Balan
31.5.23
Unrestricted
fund
31.5.22
Total
funds
Notes
CURRENT ASSEfS
Cash at bank
68.247
64,033
CREDITORS
Amounts falllng due w5thin one year
12.1701
12,1701
CURRENT ASSETS
66,077
61,863
TOTAL ASSETS LESS CURRETr￿ UABIUTIES
66.077
61,863
r4ET ASSETS
66.077
61,863
FUNDS
Unre5tflcted fund5
66,077
61,863
TOTAL FUNDS
66.077
61,863
The rhotes forrn part ofthese finanaal statements
Page S
continued...

Mar
At31M
The charltable company b enUUed to exemption from audr< under Sertion 477 of the Companies Art 2006 for the year
ended 31 May 2023.
The members have not required the ¢ompany to obtain an audit of its flnandal statements for the year ended
31 May 2023 irt a¢¢ordan¢e wtih Section 476 of the Companies Act 2(Kl6.
The trustees acknowledge thelr responslbllltles for
lal
ensullng that the charltable company keeps accountlng records that compty wlth 5ertlons 386 and 387 of the
Companies Act 2006 and
preparing financial statements which grve a true and fair view of the state of affalrs of the charltable company
as at the end of each financial year and of it5 Surplus or deftclt for each financial year in accordance wlth the
requirements of Sections 394 and 395 and which othèrwise comply with the requirements of the Companies
t 2006 relatlng to flnanclal statements. so far as appllcable to the tharitsble company.
Ibl
The finan¢lal statements were approved by the 8oard of Trustees on
ts behalf by..
and were s￿ned on
C R Parkln-Tru5tee
4Q
Mrs I Parkln-Trustee
Mrs C D MaweT-Tru5tee
M R Poucher-Trustee
The notes fomi part ofthese ffinanclal ststements
Page 6

Mar
orie Li
m3nF
Note5 to the Financial Statem
Year Ended 31 M 2023
ACCOUNnNG POUCIES
Accountlng con¥entlon
The financial statements have been prepared under the historical ¢ost convention. the Companie5 Act 2006
and the requirements of the Statement of Recommended Practke. A¢countin8 and Reportlng by CharltSes.
Flnanclal reportlng standard number I
Exemption has been taken from prepa￿n8 a cash flow statement on the 8rounds that the Charltable Company
qualifie5 a5 a small charitable ¢ompany.
Incomlnl resources
All incoming resources are Induded on the Ststement of Flnandal Actlvltles when the charSty1s le8ally enlltled
to the income and the amount can be quantlfied wlth reasonable accuracv.
Resaur¢es e¥pended
Expendlture Is accounted for on an accruals basis and has been classified undef headings that aggregate all
cost related to the cate80ry. Where costs cannot be directly attributed to partlcular headln85 they have been
allocated to a¢tlvltles on a basis con51stent with the use of resource5.
Grants offered sublett to Cond￿On5 whlch have not been met at the year end date are noted 05 a commrtment
but not accrued a5 expenditure.
Taxatlon
The charlty Is exempt from corporatlon tsx on Its charltable acthiltle5.
Fund ac¢ouniing
Unrestricted funds can be used In accordance wlth the charltable obJectlve5 at the d15cretlon of the trustees.
Restrlrted funds can ontv be used for partlcular restrlcted purposes wlthln the obletts of the charlly.
Restrlctlons arlse when speclfied by the donor or when funds are ra15ed for partlcular festrlcted purposes.
Further explanatlon of the nature and purpose of eath fund Is Included In the notes to the flnanclal
statements.
GOVERNAf4CE COSTS
31.5.23
31.5.22
Accountancy
1,21
1,21)J
TRUSTEES, REMUNERATION AND BENEFtrs
There were no trustees, remuneration ar other berttfits for the year ended 31 May 2023 nor for the year
ended 31 May 2022.
Tru5tees' exp•ns•s
There were no trustees. expenses pald for the year ended 31 May 2023 nor for the year ènded 31 May 2022.
CREDITORS: AMOUNTS FAWNG DUE wTfHIN ONE YEAR
31.5.23
31.5.22
Accrued e¥penses
2,170
2,170
Page 7

man F ndatl
otes t
he Financial Statements- C
for th Year E
ed31Ma
2023
tin
MOVEMENT IN FUNDS
Net
movement in
funds
At 1.6.22
At 31.5.23
Unrestrlcted funds
General fund
61,863
4,214
66.077
TOTAL FUNDS
61,863
4,214
66,077
Net movement in funds. Induded In the above are as follows-
Incomlng
resour
Resources
expended
Movement In
funds
Unr•strl¢l•d funds
General fund
IW.(M))
195,7861
4,214
TOTAL FUNDS
i(M).ooJ
195,7861
4.214
Comparat1￿ for mo¥•ment In funds
Net
movement in
funds
At 1.6.21
At 31.5.22
Unre5tr1cied Funds
General fund
44.800
17,063
61,863
TOTAL FUNDS
17,063
61,863
Comparatlve net movement In fvnds. Included In thè above are as follows:
Incomln8
resources
Resources Movement In
expended
fund5
Unrestrlcted lunds
General fund
Icrf).rxM)
182,9371
17,063
TOTAL FUNDS
Iw.c
182,9371
17.063
Pa8e 8

Mar
man Foundation CIO
Notes to
forth Y
h Finanti
nded
emen
2023
mOVEMETr￿ IN FUNDS- contlnued
A current year 12 months and prloryear 12 months combined p￿tion is as follow5:
Net
movement in
funds
At 1.6.21
At 31.5.23
Unrestrlrt•d fvnds
General fund
44.8
21,277
66,077
TOTAL FUNDS
21,277
66,077
A current year 12 months and prior year 12 months comblned net movement In funds. Included In the above
are as follows..
Incomin8
resources
Resources
expended
Movement In
funds
UnrestrScted funds
General fund
1178,7231
21,277
TOTAL FUNDS
1178,7231
21.277
Page 9

r orie Li
man Foun
ation CIO
Detailed Sta
for the Y
f Flnan
d31M
fvltles
En
31.5.23
31.5.22
INCOMING RESOURCES
Voluntsry Ina%Me
Legacies
IcKJ.000
loo.000
Total In¢omlnB resources
I￿,c￿)0
Icy),￿0
RESOURCES EXPENDED
Charltable actfvltles
Grants to Indivlduals
94,￿1
81,$00
Governance costs
Accountancy
1,200
1,200
Support ¢osts
Informatlon t¢thnolo8Y
PostaBe and statlonery
Website costs
217
369
237
586
237
Total resources ewnded
95,786
82,937
Net Incom•
4.214
17,063
Thls page does not forni part of the statutory finandal statemènts
Page 10