Maristow Charity Accounts Year ended 31 March 2025 CIO Charity Number 1185904 ## **Maristow Charity** Year ended 31 March 2025 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 2025 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** Duncan Leslie 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 1 ## **Maristow Charity** Trustees' Report Year ended 31 March 2025 The Trustees present their report and accounts of the charity for the year ended 31 March 2025. 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. 2 ## **Maristow Charity** Trustees' Report Year ended 31 March 2025 ## **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 30 January 2026 and signed on their behalf by: ## **Lord M J H Roborough** For and on behalf of the Trustees 3 ## **Maristow Charity** Statement of Trustees' Responsibilities ## Year ended 31 March 2025 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: - a) select suitable accounting policies and then apply them consistently; - b) make judgements and estimates that are reasonable and prudent; - 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 30 January 2026 and signed on their behalf by: ## **Lord M J H Roborough** For and on behalf of the Board of Trustees 4 ## **Maristow Charity** Independent Examiner’s Report to the Trustees of Maristow Charity ## Year ended 31 March 2025 I report to the trustees on my examination of the accounts of Maristow Charity (the Trust) for the year ended 31 March 2025, 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: - accounting records were not kept in accordance with section 130 of the Charities Act or - • 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. ## **Duncan Leslie FCA** Francis Clark LLP Chartered Accountants PLYMOUTH 30 January 2026 5 ## **Maristow Charity** ## **Receipts and Payments** Year ended 31 March 2025 |**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|**2025**
**£**
**70,020**
**4,276**
**28**
**84,984**
**159,308**
**861,756**
**1,021,064**
**24,010**
**145,170**
**169,180**
**326,956**
**854,300**
**1,350,436**
**(329,372)**
**363,875**
**34,503**|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| |---|---|---| 6 ## **Maristow Charity** ## **Statement of Assets and Liabilities** |Year ended 31 March 2025
**Cash Fund**
Current Account
Reserve Account
Charles Stanley Capital Account
Charles Stanley Income Account
Petty Cash
Hoare Maristow Current Account
Hoare Maristow Deposit Account
**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**
**£**
**1,598,842**
**-**
**1,598,842**
**Cost**
**£**
**943,505**
**943,505**|**2025**
**£**
**1,707**
**11,636**
**-**
**1,013**
**127**
**11,846**
**8,174**
**34,503**
**2025**
**Market**
**Value**
**£**
**1,831,943**
**-**
**1,831,943**
**2025**
**Market**
**Value**
**£**
**3,318,415**
**3,318,415**
**2025**
**£**
**135**
**1,263**
**1,398**
**2025**
**£**
**13,635**
**8,488**
**22,123**|**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| |---|---|---|---| Approved by the Trustees on 30 January 2026 and signed on their behalf by: ## **Lord M J H Roborough** For and on behalf of the Trustees 7 ## **Maristow Charity** Notes to the Accounts Year ended 31 March 2025 ## **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 £6,600 (£6,000 - 2024) were made to Lord Roborough for office ma The Trustees did not receive any remuneration or reimbursement of expenses. |**3 Charitable donations**
St Christopher's Hopsice
Centrepoint
Horrabridge Recreation Field Trust
Okehampton Otters
St Petrocks Exeter
Woolwell Community Resource Trust
Yelvercare
St John the Baptist Church
Buckland PCC - Church of the Holy Spirit
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|**2025**
**£**
**1,000**
**1,000**
**2,000**
**5,000**
**1,000**
**-**
**3,500**
**5,000**
**2,500**
**1,000**
**10**
**-**
**-**
**2,000**
**-**
**-**
**-**
**-**
**-**
**-**
**24,010**|2024
£
-
-
-
-
-
5,000
3,500
-
-
-
500
5,000
501
5,000
500
5,000
2,000
7,000
2,500
5,000
41,501| |---|---|---| 8 ## **Maristow Charity** Notes to the Accounts Year ended 31 March 2025 |**4 Other expenditure**
Accountancy - Independent Examination
General repairs
Property rates/expenses
Insurance
Chapel expenses
Electricity and heating
Bank charges
**Management Fees:**
Estate office
Investment fees
Professional fees|**2025**
**£**
**1,980**
**105,350**
**502**
**5,753**
**5,016**
**2,681**
**260**
**6,695**
**7,474**
**9,459**
**145,170**|2024
£
1,890
54,445
571
7,454
21,269
-
111
6,035
8,580
10,705
111,059| |---|---|---| 9