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 ```