REGISTERED CHARITY NUMBER: 1187818
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Gloria E. Marco Charity
Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW
Gloria E. Marco Charity
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
Gloria E. Marco Charity
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity was established to take over the work previously carried out by the Society for the Protection of Ancient Buildings (registered charity 1113733) and its initial income arose from the transfer of the balances of monies held in that charities "Gloria e Marco Award Fund"
The charity's objects are restricted specifically for the public benefit to advance education in building conservation, including the conservation of historic buildings, with particular reference to the fields of architecture, construction, structural engineering and building techniques used to conserve and repair buildings.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution, and constitutes a charitable incorporated organisation, company number CE020611, a charity registered as a body corporate under part 11 of the Charities Act 2011.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1187818
Principal address
Trustees
T P Bryant C J Dawson Ms A A J Valmarama (resigned 28.2.25) Ms C D Bull Mr A Bucca Ms E L M Bassett Ms L J A Bannister Mr A Brufatto Ms S McDonough (resigned 28.2.25) Ms L Morgante
Independent Examiner
Mary E Ryan FCCA, DChA Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW
Approved by order of the board of trustees on 22 January 2026 and signed on its behalf by:
Ms L Morgante - Trustee
Page 1
Independent Examiner's Report to the Trustees of
Gloria E. Marco Charity
Independent examiner's report to the trustees of Gloria E. Marco Charity
I report to the charity trustees on my examination of the accounts of Gloria E. Marco Charity (the Trust) for the year ended 31 March 2025.
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 Act and in carrying out my examination I have followed all 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 respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mary E Ryan FCCA, DChA
Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW
22 January 2026
Page 2
Gloria E. Marco Charity
| Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 635 EXPENDITURE ON Charitable activities Charitable expenses 7,307 NET INCOME/(EXPENDITURE) (6,672) RECONCILIATION OF FUNDS Total funds brought forward 92,730 TOTAL FUNDS CARRIED FORWARD 86,058 |
31.3.24 Total funds £ 2,100 12,245 (10,145) 102,875 92,730 |
|---|---|
The notes form part of these financial statements
Page 3
Gloria E. Marco Charity
Balance Sheet 31 March 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 86,514 | 93,536 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (456) | (806) |
| NET CURRENT ASSETS | 86,058 | 92,730 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 86,058 | 92,730 | |
| NET ASSETS | 86,058 | 92,730 | |
| FUNDS | 5 | ||
| Unrestricted funds | 86,058 | 92,730 | |
| TOTAL FUNDS | 86,058 | 92,730 |
The financial statements were approved by the Board of Trustees and authorised for issue on 22 January 2026 and were signed on its behalf by:
L Morgante - Trustee
A Bucca - Trustee
The notes form part of these financial statements
Page 4
Gloria E. Marco Charity
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
Expenses totalling £3,372 (2024 £8,507) were reimbursed to one (2024 one) trustees.
continued...
Page 5
Gloria E. Marco Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| fund | ||||||
| £ | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 2,100 | |||||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Charitable expenses | 12,245 | |||||
| NET INCOME/(EXPENDITURE) | (10,145) | |||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 102,875 | |||||
| TOTAL FUNDS CARRIED FORWARD | 92,730 | |||||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||
| 31.3.25 | 31.3.24 | |||||
| £ | £ | |||||
| Other creditors | 456 | 806 | ||||
| 5. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At | 1.4.24 | in funds | 31.3.25 | |||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 92,730 | (6,672) | 86,058 | |||
| TOTAL FUNDS | 92,730 | (6,672) | 86,058 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 635 | (7,307) | (6,672) | |||
| TOTAL FUNDS | 635 | (7,307) | (6,672) |
continued...
Page 6
Gloria E. Marco Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 102,875 TOTAL FUNDS 102,875 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 2,100 TOTAL FUNDS 2,100 |
Net movement At in funds 31.3.24 £ £ (10,145) 92,730 (10,145) 92,730 Resources Movement expended in funds £ £ (12,245) (10,145) (12,245) (10,145) |
|---|---|
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 7
Gloria E. Marco Charity
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 635 | 2,100 |
| Total incoming resources | 635 | 2,100 |
| EXPENDITURE | ||
| Charitable activities | ||
| Travel & other expenses | 3,999 | 976 |
| Scholarship fees | 1,230 | 6,594 |
| Grants to institutions | 250 | - |
| Grants to individuals | 169 | - |
| 5,648 | 7,570 | |
| Support costs | ||
| Management | ||
| Postage and stationery | 301 | 593 |
| Sundries | 832 | 1,568 |
| Website costs | 70 | 2,158 |
| 1,203 | 4,319 | |
| Governance costs | ||
| Accountancy fees | 456 | 356 |
| Total resources expended | 7,307 | 12,245 |
| Net expenditure | (6,672) | (10,145) |
This page does not form part of the statutory financial statements
Page 8