Digitally Signed Document Document ID: 915333EDB07D70
Document Details
| Filename: |
Audit Compliance 2025.pdf |
|
|
| Client of: |
Barrow LLP |
Signature Details
| Name: |
David Thomas |
|
|
| Email: |
chairman@mariecelestess.org |
|
|
| Date & Time: |
24/06/2026 11:56:19 AM (BST) |
|
|
| IP Address: |
86.138.50.255 |
|
|
| Signing Statement: |
David Thomas confirms that the information is
correct and complete to the best of their knowledge
and belief. |
| Name: |
Tim Palmer |
|
|
| Email: |
treasurer@mariecelestess.org |
|
|
| Date & Time: |
24/06/2026 14:26:03 PM (BST) |
|
|
| IP Address: |
86.130.69.191 |
|
|
| Signing Statement: |
Tim Palmer confirms that the information is
correct and complete to the best of their knowledge
and belief. |
REGISTERED CHARITY NUMBER: 1187012
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
THE MARIE CELESTE SAMARITAN SOCIETY
Barrow LLP
Statutory Auditor
Chartered Accountants
Jackson House
Station Road
Chingford
London
E4 7BU
THE MARIE CELESTE SAMARITAN SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
Page |
|
Reference and Administrative Details |
|
1 |
|
Report of the Trustees |
2 |
to |
5 |
Report of the Independent Auditors |
6 |
to |
8 |
Statement of Financial Activities |
|
9 |
|
Statement of Financial Position |
|
10 |
|
Statement of Cash Flows |
|
11 |
|
Notes to the Statement of Cash Flows |
|
12 |
|
Notes to the Financial Statements |
13 |
to |
21 |
THE MARIE CELESTE SAMARITAN SOCIETY
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2025
TRUSTEES |
A J Scott-Barrett (Re-appointed 25.10.25) |
|
Professor T Beedham |
|
A Knapp (Retired 15.12.25) |
|
D G Thomas (Chairman) (Re-appointed 25.10.25) |
|
T J Palmer (Treasurer) |
|
Dr V L C White |
|
M M Denholm (Re-appointed 17.03.25) |
|
Dr L Langmead (Re-appointed 25.10.25) |
PRINCIPAL ADDRESS |
The Royal London Hospital |
|
Whitechapel |
|
London |
|
E1 1FR |
REGISTERED CHARITY NUMBER |
1187012 |
INDEPENDENT AUDITORS |
Barrow LLP |
|
Statutory Auditor |
|
Chartered Accountants |
|
Jackson House |
|
Station Road |
|
Chingford |
|
London |
|
E4 7BU |
BANKERS |
Coutts & Co |
|
440 Strand |
|
London |
|
WC2R 0QS |
SOLICITORS |
Latham & Watkins (London) LLP |
|
99 Bishopsgate |
|
London |
|
EC2M 3XF |
INVESTMENT MANAGERS |
CCLA Investment Management Limited |
|
One Angel Lane |
|
London |
|
EC4R 3AB |
Page 1
THE MARIE CELESTE SAMARITAN SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
TheTrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2025.The Trustees
haveadoptedtheprovisionsof AccountingandReportingby Charities;Statementof RecommendedPracticeapplicableto charities
preparingtheiraccountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republicof Ireland (FRS102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Purpose and Aims
TheCharity'spurposesaretoprovideandadministersuchreliefandaidforpatientsat,orwhohavebeendischargedfrom, the
Royal LondonHospital(RLH),that does not fall withinthe scopeof the NationalHealthService.The aim of the Charityis to continue
torenderassistance,directlyandindirectly,toasmanysuchpatientsaspossibleandthustofurtheritscharitablepurposesfor the
public benefit.
Ensuring our work delivers this aim
TheTrusteesregularlyreviewthisaimandtheoutcomesoftheCharity'sactivity,assessingtheprogressofeachactivityand the
benefitsprovidedtothegroupsandindividualsbeinghelped.SuchreviewsenabletheTrusteestobesatisfiedthatthe various
activitiesremainfocussedonthestatedpurposesoftheCharity.DuenotehasbeentakenoftheCharityCommission's general
guidance on public benefit in these reviews and in planning future activities.
Such futureactivitieswill usuallyinvolvethe makingof grantsto other local organisationsthat renderassistance,directlyor indirectly,
topatientsoftheRLH.TheTrusteeswillonlysanctionsuchgrantsifadequateinformationisobtainedwhenconsidering grant
requests and that appropriate reporting will be provided subsequent to a grant being made.
ACHIEVEMENTS AND PERFORMANCE
All of the Society'scharitableactivitiesfocuson providingcareand support,directlyand indirectly,for patientsat, or who have been
dischargedfrom,the RLH, and that is deemedto be outsidethe scopeof the NationalHealthService.This includestangible support
forindividualsorforgroupsofpatients,orbywayofgrantstolocalorganisationsthatprovidecareforthem.Grantsarealso made
from time to time to support developments in clinical care that directly benefit patients.
Asindicatedinlastyear'sreport,themuch-valuedfacilitiesatJamesHoraHomehadtobewithdrawninNovember2024,due to
safety-relatedissues.However,theSocietycontinuedtoprovidefunding(atthepreviousrateof£80,000perannum)tothe RLH
through 2025 to enable self-caring patients and relatives of patients to stay within the RLH overnight where possible.
On a similartheme,the Societymadea furthergrantin 2025to the Sick Children'sTrust(SCT),amountingto £50,000,to assist the
fundingofStevensonHouseinWhitechapel.Thisisavaluablefacilitythatprovidesovernightanddaytimeaccommodation for
families where a child is currently a patient in RLH.
The'RoutestoRoots'project(R2R),operatedbyProvidenceRow(PR)inliaisonwiththeHospitalPathwaysTeamat RLH,
continuedto carryoutitsvaluableroleto prevent,as faras possible,homelesspatientsof theRLHbeingdischargedbackonto the
streetsof London.The projectalsoservesto reducere-admissionratesto the RLH.The Societymakesa grantto PR to fund some
ofthestaffingcostsoftheproject,anditsTrusteesreceivehalf-yearlyreportssettingoutnumbersofpatientsreceiving assistance
andsample(anonymous)casestudies.Thefinaltrancheofthe3-yearagreementfrom1stApril2023wasgrantedin 2025,
amountingto£93,771,supplementedbyafurther£2,657tocovertheincreaseinNationalInsurancecostsarisingfrom the
November2024Budget.In addition,the sumof £10,000was alsograntedto PR for assistingR2R clientswithminorcoststo assist
withrehabilitationgiventheirlackoffinancialresources.RegularstatementsarereceivedfromPRsettingouttheamounts and
circumstances of the individual payments made to their clients.
AnapplicationforafurthergranttoassistthetherapeuticactivitiesoftheChildren'sBrainInjuryTrust(CBIT)withintheRLH was
receivedtogetherwith a reporton its recentactivitywhich is much-valuedby relevantfamilies.A donationof £17,500to CBIT for that
specific purpose was made during the year.
DuringtheyearanewgrantapplicationwasreceivedfromSpitalfieldsCryptTrusttofacilitateaccesstotheservicesofa clinical
psychologistfromNHSEastLondonFoundationTrustwhichassistsvulnerablepatientsoftheRLHonanaddiction recovery
programme. A donation of £8,500 was agreed.
Page 2
THE MARIE CELESTE SAMARITAN SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
Overthecourseoftheyear,theSocietyalsomadegrantstotalling£52,175toassistpatientsoftheRLHin152cases.In addition,
grants totalling £76,000 were made to other local organisations who support RLH patients in various ways, as follows:
-
Tower Hamlets Mission £20,000
-
City and East London Bereavement Service £ 25,000
-
Griffin Community Trust £15,000
- TB Outreach (Mile End Hospital) £1,000
Friends of RLH (Music Project) £15,000
FINANCIAL REVIEW
TheSocietyhassetoutFinancialStatementsinaccordancewiththecurrentStatementofRecommendedPractice(SORP).In the
opinion of the Trustees, there are sufficient funds to permit the Society to operate in the long term.
Reserves Policy
At 31st December2025 the Society'sfree reserves(fundsthat are uncommitted)amountedto £16,531,682(2024 - £ 17,349,725), of
which £15,430,111was the value of sharesin the COIF CharitiesInvestmentFund. The decreasein the value of the Society's assets
over the year is the resultof net reductionin the value of its investments,partiallyoffsetby an excessof income,including donations
(withtax reclaimedvia Gift Aid) of £16,218,overcash outgoof £39,541overthatperiod.The Societyreceivesno directfunding and
doesnotcarryoutfundraisingactivities,soreliesonitsinvestmentstoprovideitsincome,althoughtheSocietydoes receive
donations from time to time.
InvestmentsformasubstantialpartoftheSociety'sreservesand,asstatedbelow,aremanagedbyanindependent investment
manager.TheTrusteesareresponsibleforsettingtheSociety'sinvestmentpolicyandformonitoringtheperformanceof the
investmentportfolio.Thecurrentpolicyaimstopreservetherealvalueoftheinvestmentsovertimeaswellasgenerating an
appropriatelevelofincomeeachyear.Careistakentoensurethatthereisalwayssufficientliquiditytofundgrants and
administrative expenses for a reasonable period if investment conditions deteriorate significantly.
As at 31stDecember2025,£1,446,977was heldas cashor cashequivalents,of which£850,000was investedin the COIF Deposit
Fundmanagedby the investmentmanagers,withthe balancebeingheldin accountswiththe Society'sbank.The Trusteesaim to
holdatleastoneyear'slikelyoutgoincashorcashequivalentstobeabletofundexpenditurewhichmeetstheSociety's objects.
The amountheldat the year-endsignificantlyexceededthistarget,largelydue to the Trusteesuncertaintyaboutoutgoover2026 in
the light of the closure of the James Hora Home facility in Ashfield Street, Whitechapel.
Investment Policy
TheSociety'snewconstitutionasaCharitableIncorporatedOrganisation(CIO)authorisestheTrusteestomakeand alter
investmentsusing the CommonInvestmentFund of the CIO. Throughoutthe year, the investmentshave consistedof incomeunits in
the Charities Investment Fund (CIF) and the Charities Deposit Fund (CDF) managed by CCLA.
TheobjectivessetbyCCLAforCIFaretoprovideatotalreturn(growthincapitalandincome)overthelongterm(definedas 5
years).TheCIF'slong-termperformancecanbeassessedbyreferringtothetargetbenchmarkoftheconsumerpriceindex plus
5%pa(beforethedeductionofcostsandcharges).TheCIFusesa'totalreturn'approachtoinvesting,whichmeansthat,for the
incomeunits,somepartoftheincomedistributionmaybepaidfromcapitalifthereisnotenoughincomefromthe underlying
investments.The currentforecastincomeyield is such that the Society'sTrusteesexpectthat the annualincomegenerated currently
should be around £460,000.
In2025,theCIFdistributed£452,740totheSociety,whichwas2.9%oftheSociety'saverageinvestmentintheCIF.In addition,
includingfeerebates,thevalueinvestedintheCIFdeclinedby4.7%,producingatotalreturnovertheyearofaround-1.8%. In
2024thereturnontheinvestmentportfoliowasestimatedas5.1%.Theannualisedreturnontheinvestmentportfoliooverthe 5
yearsto31stDecember2025wasthereforec.3.5%,(c.3.6%forthe3 yearperiod).Thisissomewhatbelowtheannualisedrate of
inflation(CPI)plus3%paoverthoseperiods(viz7.9%and7.4%respectively),whichtheTrusteesregardasappropriate targets
over the medium term so as to preserve the real value of the portfolio over time (assuming no drawdown of capital).
Page 3
THE MARIE CELESTE SAMARITAN SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
Inaddition,theSocietyreceivedincomeof£35,643fromitsinvestmentintheCDFand£6,181fromitsinvestmentinthe Coutts
Reserve Fund.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Legal Status and Governance
TheSocietyis a CharitableIncorporatedOrganisation(CIO),havingpreviouslyoperatedformanyyearsasa CharitableTrust (CT)
untilthechangeofstatusinDecember2019.TheSocietycurrentlyhas7Trustees,whoeitherhaveextensiveknowledge and
experienceofthehealthandsocialcaresectors,particularlyinEastLondon,orpossessexpertiseinfinancialand investment
matters or of the legal and regulatory environment for charities.
A formalmeetingof Trusteeswas held on 30th June 2025 to approvethe Society'sReportand Accountsfor 2024. Trusteesalso met
duringtheyearon17thMarchand20thOctobertoreceivereportsfromorganisationsinreceiptofgrantsduringthatyearand to
considerfurthergrantapplicationsfor2025-26aswellastoconsider(interalia)theSociety'sfinancialposition (including
investments),thesituationregardingJamesHoraHomeandparticularneedsarisingwithinandaroundtheRLH,itsstaff and
patients.
Trustees
Asindicatedabove,theSociety'sTrusteesheld3meetingsduring2025.MaryDenholmwaselectedasaTrusteefora three-year
terminMarch2025.AttheOctobermeeting,LouiseLangmead,AlexScott-BarrettandDavidThomaswerere-appointed as
Trusteesforafurtherthree-yearterm.AlisonKnappretiredasaTrusteewitheffectfrom15thDecember2025,havingserved the
Societyformanyyearsas a valuedmemberof itsManagementCommitteepriorto December2019andsubsequentlyas a Trustee
of the CIO; her intimateknowledgeof the work of the RLH and encouragementof the contributionthis Charitymakes has been much
appreciated.
Risk Statement
The Trusteesreviewall aspectsof the Society'sfinancesand will take whateveractionis appropriateto protectthe Society's financial
status.An appropriaterisk matrixfor the Societyexists,in line with CharityCommissionguidance,and is reviewedannually,or more
frequently should the need arise.
The principal risks to which the Society is exposed and a brief description of the mitigation are: -
Risk |
|
|
|
Mitigation |
|
Governance: - the risk that the Society does not achieve its |
|
|
The Society |
has a diverse Trustee Board that |
has the |
charitable, regulatory and ethical |
objectives due to inadequate |
|
necessary skills to provide good oversight and governance of |
|
|
governance. |
|
|
the Society. |
|
|
Investment:
- The
risk
that |
the Society's
monies |
are |
The
Society |
appoints
external,
qualified
and |
regulated |
mismanaged or fail to provide the resources required to meet |
|
|
investment managers who are subject to regular review. The |
|
|
the Society's objectives. |
|
|
Society aims |
to have cash, short term deposits |
or money |
|
|
|
market investments sufficient to meet one year's |
|
expected |
|
|
|
expenditure. |
|
|
Fraud and Financial Crime: - The risk that the Society is |
|
|
The Society has a Fraud Policy that is regularly reviewed and |
|
|
subject to fraud or other financial crimes. |
|
|
describes the |
policy and procedures to minimise this risk. |
|
TRUSTEES' RESPONSIBILITY STATEMENT
The trusteesare responsiblefor preparingthe Reportof the Trusteesand the financialstatementsin accordancewith applicable law
and UnitedKingdomAccountingStandards(UnitedKingdomGenerallyAcceptedAccountingPractice)includingFinancial Reporting
Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Page 4
THE MARIE CELESTE SAMARITAN SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
TRUSTEES' RESPONSIBILITY STATEMENT - continued
Charitylaw requiresthe trusteesto preparefinancialstatementsfor each financialyear.Underthatlaw, the trusteeshave elected to
preparethefinancialstatementsinaccordancewithUnitedKingdomGenerallyAcceptedAccountingPractice(United Kingdom
Accounting Standards and applicable law).
Undercharitylaw the trusteesmustnot approvethe financialstatementsunlesstheyare satisfiedthattheygivea trueand fair view
ofthestateofaffairsofthecharityandoftheincomingresourcesandapplicationofresources,includingtheincome and
expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytime the
financialpositionofthecharityandtoenablethemtoensurethatthefinancialstatementscomplywiththeCharitiesAct2011 and
TheCharity(AccountsandReports)Regulations2008.Theyarealsoresponsibleforsafeguardingtheassetsofthecharity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 1 June 2026 and signed on its behalf by:
D G Thomas (Chairman) - Trustee
Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE MARIE CELESTE SAMARITAN SOCIETY
Opinion
WehaveauditedthefinancialstatementsofTheMarieCelesteSamaritanSociety(the'charity')fortheyear ended
31 December2025 whichcomprisethe Statementof FinancialActivities,the Statementof FinancialPosition,the Statementof Cash
Flowsandnotestothefinancialstatements,includingasummaryofsignificantaccountingpolicies.Thefinancial reporting
frameworkthathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards(United Kingdom
GenerallyAcceptedAccountingPractice),includingFinancialReportingStandard102'TheFinancialReportingStandard applicable
in the UK and Republic of Ireland'.
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 December 2025 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicablelaw. Our
responsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditofthefinancial statements
sectionof our report.We are independentof the charityin accordancewith the ethicalrequirementsthatare relevantto our audit of
thefinancialstatementsintheUK,includingtheFRC'sEthicalStandard,andwehavefulfilledourotherethicalresponsibilities in
accordancewith theserequirements.We believethatthe auditevidencewe have obtainedis sufficientand appropriateto provide a
basis for our opinion.
Conclusions relating to going concern
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisofaccountingin the
preparation of the financial statements is appropriate.
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoeventsorconditions that,
individuallyorcollectively,maycastsignificantdoubtonthecharity'sabilitytocontinueasagoingconcernforaperiodofat least
twelve months from when the financial statements are authorised for issue.
Our responsibilitiesand the responsibilitiesof the trusteeswith respectto going concernare describedin the relevantsectionsof this
report.
Other information
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincludedinthe Annual
Report, other than the financial statements and our Report of the Independent Auditors thereon.
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextentotherwiseexplicitlystated in
our report, we do not express any form of assurance conclusion thereon.
In connectionwithourauditof thefinancialstatements,ourresponsibilityis to readtheotherinformationand,in doingso, consider
whethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedintheaudit or
otherwiseappearsto be materiallymisstated.If we identifysuch materialinconsistenciesor apparentmaterialmisstatements,we are
requiredto determinewhetherthis gives rise to a materialmisstatementin the financialstatementsthemselves.If, based on the work
wehaveperformed,weconcludethatthereisa materialmisstatementofthisotherinformation,wearerequiredtoreportthat fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothingto reportin respectof the followingmatterswherethe Charities(Accountsand Reports)Regulations2008 requires
us to report to you if, in our opinion:
-
the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE MARIE CELESTE SAMARITAN SOCIETY
Responsibilities of trustees
AsexplainedmorefullyintheTrustees'ResponsibilitiesStatement,thetrusteesareresponsibleforthepreparationofthe financial
statementswhichgiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermineisnecessarytoenable the
preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharity'sabilityto continueas a going concern,
disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccountingunlessthe trustees
either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointedas auditorsunder Section144 of the CharitiesAct 2011 and reportin accordancewith the Act and relevant
regulations made or having effect thereunder.
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefreefrom material
misstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthatincludesour opinion.
Reasonableassuranceis a high levelof assurance,but is not a guaranteethat an auditconductedin accordancewith ISAs (UK) will
alwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterial if,
individuallyor in theaggregate,theycouldreasonablybe expectedto influencetheeconomicdecisionsof userstakenon the basis
of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
-
Discussions with the trustees and management, including consideration of known or suspected instances of non-compliance with
-
laws and regulation and fraud;
-
Evaluation of management's internal controls designed to prevent and detect irregularities;
-
Reading key correspondence with the Charity Commission in relation to compliance with laws and regulations;
-
Reviewing relevant meeting minutes;
-
Procedures relating to the valuation of investments and vouching with third party confirmations.
-Identifyingandtestingjournalentries,inparticularanyjournalentriespostedwithunusualaccountcombinations impacting
revaluation; and
Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing.
AfurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedontheFinancialReporting Council's
website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE MARIE CELESTE SAMARITAN SOCIETY
Use of our report
Thisreportismadesolelytothecharity'strustees,asabody,inaccordancewithPart4oftheCharities(Accountsand Reports)
Regulations2008. Our audit work has been undertakenso that we might state to the charity'strusteesthose matterswe are required
to stateto themin an auditors'reportandforno otherpurpose.To thefullestextentpermittedby law,we do notacceptor assume
responsibilitytoanyoneotherthanthecharityandthecharity'strusteesasabody,forourauditwork,forthisreport,orfor the
opinions we have formed.
Barrow LLP
Statutory Auditor
Chartered Accountants
Jackson House
Station Road
Chingford
London
E4 7BU
1 June 2026
Barrow LLP is eligible to act as auditors in terms of section 1212 of the
Companies Act 2006.
Page 8
THE MARIE CELESTE SAMARITAN SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
General
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
CONTINUING OPERATIONS |
31.12.25
Unrestricted
fund
£
16,219
493,566
509,785
-
456,193
456,193
(758,615)
(705,023)
17,593,548
16,888,525 |
31.12.24
Total
funds
£
13,137
481,682 |
|
|
494,819 |
|
|
113,527
289,718 |
|
|
403,245 |
|
|
371,962 |
|
|
463,536
17,130,012 |
|
|
17,593,548 |
|
|
|
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 9
THE MARIE CELESTE SAMARITAN SOCIETY
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2025
Notes
FIXED ASSETS
Investments
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
NET ASSETS
FUNDS
15
Unrestricted funds
TOTAL FUNDS |
31.12.25
Total
funds
£
15,430,111
361,843
1,446,977
1,808,820
(110,795)
1,698,025
17,128,136
(239,611)
16,888,525
16,888,525
16,888,525 |
31.12.24
Total
funds
£
16,188,726
243,823
1,411,294 |
|
|
1,655,117
(206,570) |
|
|
1,448,547 |
|
|
17,637,273
(43,725) |
|
|
17,593,548 |
|
|
17,593,548 |
|
|
17,593,548 |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon1 June2026andweresignedon its
behalf by:
D G Thomas (Chairman) - Trustee
T J Palmer (Treasurer) - Trustee
The notes form part of these financial statements
Page 10
THE MARIE CELESTE SAMARITAN SOCIETY
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Interest received
Dividends received
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period |
31.12.25
£
(454,026)
(454,026)
(3,857)
40,826
452,740
489,709
35,683
1,411,294
1,446,977 |
31.12.24
£
(26,197)
(26,197)
(371,962)
41,276
440,406
109,720
83,523
1,327,771
1,411,294 |
|
|
|
The notes form part of these financial statements
Page 11
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
|
31.12.25 |
31.12.24 |
|
£ |
£ |
Net (expenditure)/income for the reporting period (as per the Statement of |
|
|
Financial Activities) |
(705,023) |
463,536 |
Adjustments for: |
|
|
Losses on investments |
762,472 |
- |
Interest received |
(40,826) |
(41,276) |
Dividends received |
(452,740) |
(440,406) |
(Increase)/decrease in debtors |
(118,020) |
187,324 |
Increase/(decrease) in creditors |
100,111 |
(195,375) |
Net cash used in operations |
(454,026) |
(26,197) |
2. ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank
Total |
At 1.1.25
£
1,411,294
1,411,294
1,411,294 |
Cash flow
£
35,683
35,683
35,683 |
At 31.12.25
£
1,446,977 |
|
|
|
1,446,977 |
|
|
|
1,446,977 |
The notes form part of these financial statements
Page 12
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedin accordance
with the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof RecommendedPractice applicable
to charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the UK and Republic
ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
underthehistoricalcostconvention,withtheexceptionofinvestmentswhichareincludedatmarketvalue,asmodified by
the revaluation of certain assets.
TheCharityconstitutesapublicbenefitentityasdefinedbyFRS102andisregisteredbyTheCharityCommission of
EnglandandWalesunderaTrustDeed.Thecharity'sregisterednumberandprincipalofficeaddresscanbefoundon the
general information page 1. The presentation currency of the financial statements is the Pound Sterling (£).
Income
All incomingresourcesare includedin the Statementof FinancialActivities(SoFA)whenthe charityis legallyentitledto the
incomeafteranyperformanceconditionshavebeenmet,theamountcanbemeasuredreliably,anditisprobablethat the
income will be received.
Deposit interest are credited when due, voluntary income, donations and legacies when received.
Expenditure
Allexpenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall costs
relatedto the category.Expenditureis recognisedwhere there is a legal or constructiveobligationto make paymentsto third
parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Grantspayableto third partiesare within the charitableobjectives.Where unconditionalgrantsare offered,this is accrued as
soonas therecipientis notifiedof thegrant,as thisgivesriseto a reasonableexpectationthattherecipientwillreceive the
grants.Wheregrantsareconditionalrelatingtoperformancethenthegrantisonlyaccruedwhenanyunfulfilled conditions
are outside of the control of the charity.
ItistheSociety'spolicytoallowoneyearfromthedateofapprovalforgrantstobeclaimed.Ifthegrantsarenot claimed
within this time limit then they are withdrawn.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasacommitmentbut not
accrued as expenditure.
Support and governance costs allocation
Supportcosts are those that assistthe work of the charitybut do not directlyrepresentcharitableactivitiesand include office
costs,governancecosts,administrativeand payrollcosts.They are incurreddirectlyin supportof expenditureon the objects
ofthecharity.Wheresupportcostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocated to
expenditureon charitableactivitieson a basisconsistentwithuseof theresources.An allocationof 70% togrants payable
and 30% to directly provided services has been used.
Taxation
The charity is exempt from tax on its charitable activities.
Structure of funds
Unrestrictedfundscompriseresourcesavailableatthetrustees'discretionandincludeincomeandexpenditure related
solelytothecharity'sownoperations.Withinthese,designatedfundsmaybeestablishedbytrusteesforspecific purposes
but remain legally unrestricted.
Page 13
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
1. ACCOUNTING POLICIES - continued
Structure of funds
Restrictedfundsaretheresourcessubjecttodonorimposedconditionsorstipulations,legallyheldontrust,for specific
activities, time periods, or purposes.The society had no restricted funds during the financial year.
Endowmentfundsare held on a permanentbasisand are not expendableas income.The societyhad no endowment funds
during the financial year.
Grantspayablearerecognisedas liabilitiesin theyearin whicha formalgrantofferis acceptedby therecipientand where
anyconditionsattachedto thegranthavebeenmet.Expenditureis chargedto unrestrictedfunds,withanyunfulfilled grant
commitmentsdisclosedinthenotestotheaccounts.Multi-yearorconditionallyreleasedgrantsareonlyaccrued as
expenditure once conditions are satisfied; otherwise, they are disclosed as contractual commitments.
Management and administration expenditure
Expenditureonmanagementandadministrationofthecharityincludesallexpenditurenotdirectlyrelatedtothe charitable
activity. This includes the day to day running of the charity, audit fees and administrative costs.
Fixed assets investments
Investments are stated at their fair value. Movements in fair value are recognised in the Statement of Financial Activities.
The society'sinvestmentpolicy is to preserveand increasethe capitalbase whilstprovidinga significant,sustainable income
forthesociety.TheappointedfundmanagerisCCLAandthefinancecommitteeregularlyreviewtheperformanceof the
Charities Official Investment Fund (COIF) in which the capital is invested.
Interest receivable
InterestonmoniesheldinbankdepositaccountsandtheCOIFCharitiesDepositFundareincludedwhenreceivable and
theamountcanbe measuredreliablybythecharity;thisis normallyuponnotificationoftheinterestpaidorpayableby the
bank.
Realised gains and losses
AllgainsandlossesaretakentotheStatementofFinancialActivitiesastheyarise.Realisedgainsandlosses on
investmentsare calculatedon the differencebetweensale proceedsand openingmarketvalue(or date of purchaseif later).
Unrealisedgainsandlossesoninvestmentsarecalculatedasthedifferencebetweenmarketvalueattheyear-end and
opening market value (or date of purchase if later).
In accordance with the new SORP 2015 (FRS102), the net gains and losses are shown under the heading for expenditure.
Debtors and creditors receivable / payable within one year
Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecordedat transaction
price. Any losses arising from impairment are recognised in expenditure.
Pension
TheSocietypreviouslycontributedtoadefinedbenefitPensionSchemeforcertainformeremployees.TheScheme was
closedto new membersand futurebenefitaccrualsseveralyearsago. Accruedbenefitswere subsequentlysecured through
a buy-outby an insurer,eliminatingthe requirementfor furthercontributionsfrom the Societyand removingany residual risk
for the Society.
FormeremployeeswhoweremembersoftheSchemenowreceivebenefitsdirectlyfromtheinsurer.Thesebenefits were
lowerthanoriginallyanticipatedwhentheSchemewasactive.Tomitigatethereductioninexpectedbenefits,the Trustees
havemadeadditional'ex-gratia'pensionpayments.Intheyearended31December2025,thesepaymentsamounted to
£45,024 (2024: £43,372) (including taxes).
Page 14
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
1. ACCOUNTING POLICIES - continued
Management and administration expenditure
TheSocietynolongeremploysanystaff,andnocontributionshavebeenmadetoanypensionschemeduringthe period
coveredby thesefinancialstatements.The'ex-gratia'paymentsarereviewedannuallyto assesswhetherfurthersupport is
required for former employees receiving reduced benefits from the insurer.
Going concern
ThetrusteesconsiderthattherearenomaterialuncertaintiesabouttheSociety'sabilitytocontinueasagoing concern.
Therefore,the financialstatementshave been preparedon a going concernbasis.The trusteeshave consideredthe level of
funds held and the expectedlevel of incomeand expenditurefor 12 monthsfrom authorisingthese financialstatements. The
budgetedincomeandexpenditurearesufficientwiththelevelofreservesforthecharitytobeabletocontinueasa going
concern.
2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
Withrespecttothenextreportingperiod2026,themostsignificantareaofuncertaintythataffectsthecarryingvalue of
assetsheldbytheSocietyarethelevelofinvestmentreturnparticularlyfrominvestmentincomeandtheperformance of
investmentmarkets(seetheinvestmentpolicyandperformanceandriskmanagementsectionsofthetrustees' annual
report for more information).
3. DONATIONS AND LEGACIES
4.
DONATIONS AND LEGACIES |
|
|
|
31.12.25 |
31.12.24 |
|
£ |
£ |
Donations |
16,219 |
13,137 |
INVESTMENT INCOME |
|
|
|
31.12.25 |
31.12.24 |
|
£ |
£ |
Investment income |
452,740 |
440,406 |
Deposit account interest |
40,826 |
41,276 |
|
493,566 |
481,682 |
Page 15
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
5. RAISING FUNDS
Raising donations and legacies
Raising donations and legacies |
|
|
|
|
31.12.25 |
|
31.12.24 |
|
£ |
|
£ |
James Hora Home (JHH) |
|
- |
66,667 |
Support costs |
|
- |
46,860 |
|
|
- |
113,527 |
InaccordancewiththeCharitiesSORP(FRS102),charitiesarenotrequiredtoapportioninvestmentmanagement fees
embedded within collective investment schemes in order to identify a notional cost attributable to their own holdings.
As is standardfor pooled investmentfunds,the COIF CharitiesInvestmentFund incursunderlyingcosts,the most significant
of whichis the annualmanagementcharge.Thischargeis reflectedin the fund’sunit priceand is not separatelyinvoiced to
investors.
Accordingly,therearenoinvestmentmanagementcoststoreportinrespectofthecharity’sholdingintheCOIF Charities
Investment Fund, as CCLA does not levy a direct management fee on the charity.
6. CHARITABLE ACTIVITIES COSTS
7.
General
GRANTS PAYABLE
General
The total grants paid to institutions during the year was as follows:
The Tower Hamlets Mission
The City and East London Bereavement Service
The Griffin Community Trust
Providence Row
TB Outreach
Sick Children Trust
Child Brain Injury Trust (CBIT)
RLH Music Project
The Royal London Hospital - Barts NHS
Spitalfields Crypt |
Grant
funding of
activities
Support
(see note
costs (see
7)
note 8)
Totals
£
£
£
390,603
65,590
456,193
31.12.25
31.12.24
£
£
390,603
269,635
31.12.25
31.12.24
£
£
20,000
15,000
25,000
25,000
15,000
15,000
106,428
109,306
1,000
-
50,000
30,000
17,500
15,000
15,000
15,000
80,000
13,333
8,500
-
338,428
237,639 |
Totals
£
456,193 |
|
|
237,639 |
Page 16
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
7. GRANTS PAYABLE - continued
The total grants paid to individuals during the year was as follows:
|
|
31.12.25 |
31.12.24 |
|
|
£ |
£ |
Samaritan help |
|
52,175 |
32,372 |
SUPPORT COSTS |
|
|
|
|
|
Governance |
|
|
Management |
costs |
Totals |
|
£ |
£ |
£ |
General |
9,046 |
56,544 |
65,590 |
Activity |
Basis of allocation |
|
|
Management |
Allocated wholly to general activities. |
|
|
Governance costs |
Allocated wholly to general activities. |
|
|
8. SUPPORT COSTS
Support costs, included in the above, are as follows:
Support costs, included in the above, are as follows: |
|
|
|
31.12.25 |
31.12.24 |
|
|
Total |
|
General |
activities |
|
£ |
£ |
Secretarial and administrative services |
7,747 |
6,707 |
Insurance |
382 |
172 |
Postage and stationery |
18 |
41 |
Sundries |
899 |
2,860 |
Pensions - Past employees |
45,024 |
43,372 |
Auditors' remuneration |
11,280 |
13,551 |
Auditors' remuneration for non audit work |
240 |
240 |
|
65,590 |
66,943 |
9. TRUSTEES' REMUNERATION AND BENEFITS
The trustees neither received nor waived any remuneration during the year.
The trustees did not have any expenses reimbursed during the year.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Page 17
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
10. STAFF COSTS
The average monthly number of employees during the period was Nil (2024: Nil).
11. FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2025
Additions
Revaluations
At 31 December 2025
NET BOOK VALUE
At 31 December 2025
At 31 December 2024 |
Listed
investments
£
16,188,726
3,857
(762,472)
15,430,111
15,430,111
16,188,726 |
|
|
ThefundsareinvestedintheCharitiesOfficialInvestmentFund(COIF).Thecharityheld798,581.47unitsin CCLA's
Charities Investment Fund Income Units at 31 December 2025 which are stated at fair value.
The Society does not have any material investment holdings that require separate disclosure.
Cost or valuation at 31 December 2025 is represented by:
Valuation in 2022
Valuation in 2023
Valuation in 2024
Valuation in 2025
12.
DEBTORS
31.12.25
£
Amounts falling due within one year:
Grants prepaid
119,499
Accrued investment income
2,733
122,232 |
Listed
investments
£
14,614,344
1,202,420
371,962
(758,615)
15,430,111
31.12.24
£
196,367
3,731
200,098 |
|
|
Page 18
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
12.
DEBTORS - continued
Amounts falling due after more than one year:
Grants prepaid
Aggregate amounts
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Grants payable
Other creditors
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Grants payable
15.
MOVEMENT IN FUNDS
At 1.1.25
£
Unrestricted funds
General fund
17,593,548
TOTAL FUNDS
17,593,548
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
509,785
(456,193)
TOTAL FUNDS
509,785
(456,193) |
31.12.25
£
239,611
361,843
31.12.25
£
100,775
10,020
110,795
31.12.25
£
239,611
Net
movement
in funds
£
(705,023)
(705,023)
Gains and
losses
£
(758,615)
(758,615) |
31.12.24
£
43,725
243,823
31.12.24
£
178,770
27,800
206,570
31.12.24
£
43,725
At
31.12.25
£
16,888,525
16,888,525
Movement
in funds
£
(705,023)
(705,023) |
|
|
|
|
|
|
Page 19
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.1.24
£
17,130,012
17,130,012 |
Net
movement
in funds
£
463,536
463,536 |
At
31.12.24
£
17,593,548 |
|
|
|
17,593,548 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
resources
expended
£
£
494,819
(403,245)
494,819
(403,245) |
Gains and
Movement
losses
in funds
£
£
371,962
463,536
371,962
463,536 |
Gains and
Movement
losses
in funds
£
£
371,962
463,536
371,962
463,536 |
|
|
|
463,536 |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.1.24
£
17,130,012
17,130,012 |
Net
movement
in funds
£
(241,487)
(241,487) |
At
31.12.25
£
16,888,525 |
|
|
|
16,888,525 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,004,604
(859,438)
TOTAL FUNDS
1,004,604
(859,438) |
Gains and
Movement
losses
in funds
£
£
(386,653)
(241,487)
(386,653)
(241,487) |
Gains and
Movement
losses
in funds
£
£
(386,653)
(241,487)
(386,653)
(241,487) |
|
|
(241,487) |
Page 20
THE MARIE CELESTE SAMARITAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2025.
17. JAMES HORA HOME
TheSocietyenteredintoanagreementwithBartsandTheLondonNHSTrustregardingJamesHoraHomein February
2003 to contribute£80,000per annum for at least 20 years towardsits runningcosts.The NHS Trust had a lease agreement
onthepropertythatexpiredinMarch2026,andhadagreedtopermittheSocietytocontinueutilisingJamesHora Home
until then in returnfor their contributiontowardscosts.However,JamesHora Home was closedon October30, 2024, due to
safetyreasons.Nevertheless,theSocietycontinuedtomakeanannualgrantof£80,000untilMarch2026toBarts Health
NHS Trust towards the provision of overnight accommodation in RLH for relatives of patients.
18. POST BALANCE SHEET NON-ADJUSTING EVENT
In the prevailingeconomicconditions,the marketvalueof the commoninvestmentfundsat the dateof the draftingof these
accounts was £16,084,249.
Page 21