Maristow Charity Accounts Year ended 31 March 2024 CIO Charity Number 1185904
Maristow Charity
Year ended 31 March 2024
Contents
| Page | |
|---|---|
| Legal and Administrative Details | 1 |
| Trustees' Report | 2-3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Receipts and Payments Account | 6 |
| Statement of Assets and Liabilities | 7 |
| Notes to the Accounts | 8-9 |
Maristow Charity
Legal and Administrative Details
Year ended 31 March 2024
Maristow Charity is a CIO registered charity (no. 1185904). It was established under a governing document dated 21 October 2019
The principal address of the charity is The Maristow Estate Office, Common Lane, Roborough, Plymouth, PL6 7BN
Main agents:
Independent Examiner
Louise Bridgett FCA Francis Clark LLP Unit 18, Melville Building East Royal William Yard PLYMOUTH PL1 3GW
Bankers
Barclays Bank Cornwall Street PLYMOUTH
Investment Advisor
Charles Stanley & Company Limited 25 Luke Street LONDON EC2A 4AR
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Maristow Charity
Trustees' Report
Year ended 31 March 2024
The Trustees present their report and accounts of the charity for the year ended 31 March 2024.
The charity Trustees who acted during the year were as follows:-
Sarah, Lady Roborough Lord M J H Roborough H M G Lopes
R Simpson
Trustees are appointed by the existing trustees from the local community. Nominations are made in writing and delivered to the secretary. Each nomination must be proposed and seconded by a voting member of the trust and accompanied by the written consent of the nominee.
Aims and organisation
The charity’s principal objectives are to maintain and preserve the building known as St Martin's Chapel and surrounding lands and tenements and such charitable purposes as the Trustees may from time to time determine.
The charity has complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to public benefit guidance published by the Charity Commission when reviewing the Trust's aims and objectives and in planning future activities and setting donation and funding policies.
The charity provides donations to other charitable organisations once the Trust assets have been maintained.
Review of progress and achievements
The charity maintains the properties it owns and make donations to a variety of charitable organisations.
The principal risk for the charity is that insufficient funds are generated to adequately maintain the properties it owns. The Trustees manage this risk by carrying out a rolling programme of maintenance and reviewing investment performance.
Reserves policy
It is the policy of the charity to try to maintain a level of free reserves which equates to approximately 12 months' expenditure. Other monies are held in reserve by the charity in order to cover any events or situations that may arise to the land and properties held by the Trust.
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Maristow Charity
Trustees' Report
Year ended 31 March 2024
Investment policy
The Trustees have power to invest in such assets as they see fit, and have set a policy to invest so as to maximise total return (capital growth plus income) with meduim high level risk. The charity employs Charles Stanley as investment advisors and managers. The Trust has chosen not to adopt a formal ethical investments policy.
Approved by the Trustees on 29 January 2025 and signed on their behalf by:
Lord M J H Roborough
For and on behalf of the Trustees
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Maristow Charity
Statement of Trustees' Responsibilities
Year ended 31 March 2024
Charity law requires the Trustees to prepare a receipts and payments account and statement of assets and liabilities for each financial year which properly present the charity's receipts and payments for the year together with its assets and liabilities at the end of the period, and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financial statements the Trustees are required to:
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a) select suitable accounting policies and then apply them consistently;
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b) make judgements and estimates that are reasonable and prudent;
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c) prepare the account and statement on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets and liabilities of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 29 January 2025 and signed on their behalf by:
Lord M J H Roborough
For and on behalf of the Board of Trustees
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Maristow Charity
Independent Examiner’s Report to the Trustees of Maristow Charity
Year ended 31 March 2024
I report to the trustees on my examination of the accounts of Maristow Charity (the Trust) for the year ended 31 March 2024, which are set out on pages 6 to 9.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by The Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in accordance with section 130 of the Charities Act or
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• the accounts do not accord with accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention shou be drawn in order to enable a proper understanding of the accounts to be reached.
Louise Bridgett FCA
Francis Clark LLP Chartered Accountants PLYMOUTH
29 January 2025
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Maristow Charity
Receipts and Payments
Year ended 31 March 2024
| Notes Receipts Rent received Bank interest Wayleaves Dividends Sales of investments Total Receipts for the year Payments Charitable donations 3 Other expenditure 4 Fixed asset additions Investment additions Total Payments for the year Net of Receipts/(Payments) Cash funds brought forward Cash funds carried forward |
2024 £ 67,125 4,185 28 81,602 152,940 25,718 178,658 41,501 111,059 152,560 26,400 23,485 202,445 (23,787) 387,662 363,875 |
2023 £ 67,932 636 28 78,112 146,708 12,632 159,340 20,080 52,792 72,872 - 24,960 97,832 61,508 326,154 387,662 |
|---|---|---|
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Maristow Charity
Statement of Assets and Liabilities
| Year ended 31 March 2024 Cash Fund Current Account Reserve Account Charles Stanley Capital Account Charles Stanley Income Account Petty Cash Investment Assets Charles Stanley account 1321430 Charles Stanley account 1300389 Fixed Assets Freehold Investment Property Debtors Trade debtors Prepayments and accrued income Liabilities Trade creditors Accruals and deferred income |
Cost £ 798,634 785,109 1,583,743 Cost £ 616,549 616,549 |
2024 £ 14,541 330,861 4,566 13,785 122 363,875 2024 Market Value £ 972,573 767,368 1,739,941 2024 Market Value £ 2,766,401 2,766,401 2024 £ 70 1,534 1,604 2024 £ 1,433 7,987 9,420 |
2023 £ 52,756 312,638 8,694 13,494 80 387,662 2023 Market Value £ 990,668 762,325 1,752,993 2023 Market Value £ 2,585,001 2,585,001 2023 £ 330 1,040 1,370 2023 £ 15,933 8,119 24,052 |
|---|---|---|---|
Approved by the Trustees on 29 January 2025 and signed on their behalf by:
Lord M J H Roborough
For and on behalf of the Trustees
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Maristow Charity
Notes to the Accounts
Year ended 31 March 2024
1 Accounting Policies
The accounts have been prepared on a receipts and payments basis and comply with S133 of the Charities Act 2011.
2 Trustees' Remuneration and Expenses
During the year payments totalling £6,000 (£6,075 - 2023) were made to Lord Roborough for office ma
The Trustees did not receive any remuneration or reimbursement of expenses.
| 3 Charitable donations Be Well Collective Woolwell Community Resource Trust Yelvercare Sponsorship Roborough Recreation Hall St Martins-in-the-Fields Trust Salvation Army Tavistock Athletic Club Just Giving Brain Tumour Research Young Enterprise Seaview Sailing Trust Ashoka The Rugby Portobello Trust Walkhampton Memorial Hall Bickleigh Village Fund Ashburton Swimming Pool |
2024 £ - 5,000 3,500 - - - 500 5,000 501 5,000 500 5,000 2,000 7,000 2,500 5,000 41,501 |
2023 £ 500 10,000 2,500 1,080 4,000 1,000 1,000 - - - - - - - - - 20,080 |
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Maristow Charity
Notes to the Accounts
Year ended 31 March 2024
| 4 Other expenditure Accountancy - Independent Examination General repairs Property rates/expenses Insurance Chapel expenses Woodland expenses Bank charges Management Fees: Estate office Investment fees Professional fees |
2024 £ 1,890 54,445 571 7,454 21,269 - 111 6,035 8,580 10,705 111,059 |
2023 £ 3,600 14,938 (41) 3,652 5,609 3,169 109 6,075 8,817 6,864 52,792 |
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