**REGISTERED COMPANY NUMBER: 11735722 (England and Wales) REGISTERED CHARITY NUMBER:1189671 Whitemoor Davis Limited 5th Floor 111 Charterhouse Street, London, EC1M 6AW** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 for PETER MARLOW FOUNDATION** **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** Report of the Trustees 3 – 17 Independent Examiners Report 18 Statement of Financial Activities 19 Balance Sheet 20 Notes to the Financial Statements 21 2 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** The trustees who are also the directors of the charity for the purposes of the Companies Act 2006, present their financial statements of the charity for the Year Ended 31 December 2023. 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). ## **INCORPORATION** The charitable company was incorporated on 19 December 2018 and gained charitable status on 27[th] May 2020. ## **GENERAL NOTES** Quarterly meetings with trustees continued to help push forward the charity’s objectives. Fiona Naylor continued as Chair of the Foundation and Robert Husband as PMF’s secretary. ## **GOVERNING DOCUMENTS & POLICIES** Our Financial Policy document has been completed and signed off by the trustees, and we have begun to outline various other policies to be implemented (Safeguarding, Equality, Volunteer and Privacy). We have applied for grant funding during 2023 and have successfully secured funds from: - Foundation for Future London - East Sussex County Council - Crowdfunding for Hastings Youth Press - De La Warr Pavilion - University for the Creative Arts ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Registered Company Number: 11735722 (England and Wales) Registered Charity Number: 1189671 Registered Office Address: 13 Britton Street, London, EC1M 5SX 3 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** ## **TRUSTEES** Fiona Naylor (appointed 19.12.2018, re-appointed 19.11.2021, term to be reviewed in 2024) Robert Husband (appointed 19.12.2018, re-appointed 19.11.2021, term to be reviewed in 2024) Tom Harvery (appointed 20.03.2020, re-appointed 19.03.2023) Max Naylor Marlow (appointed 20.02.2020, re-appointed 19.02.2023) Felix Naylor Marlow (appointed 22.02.2020, re-appointed 19.02.2023) Fiona Parker (appointed 20.03.2020, re-appointed 19.03.2023) ## **OBJECTIVE** To advance education in the arts, in particular the art of photography by the establishment and maintenance of a gallery, archive and library of photography, books and photographs, in particular but not by way of limitation, of the works of Peter Marlow. ## **AIMS** 1. To encourage new work, new observers of society, new image makers and storytellers. 2. To celebrate Peter’s work and the photography of humanity, focusing on social realism. 3. To bring school age children from different socio-economic and cultural backgrounds together through photography. 4. To allow access to the Peter Marlow archive. 5. To provide access to the growing Peter Marlow Foundation library. ## **AIM 1 OUTCOMES:** ## **HYP - HASTINGS YOUTH PRESS** Frustrated at the quality of local press coverage, in January 2014 a group of local residents in Hastings, East Sussex took matters into their own hands and created a community-run newspaper. The _Hastings Independent_ is a free newspaper and the team behind it aim is to give a voice to the residents of Hastings, to support a strong sense of community and to provide an impartial platform for community focused information and debate. In 2023 the Peter Marlow Foundation partnered with the Hastings Independent Press and the Magnum Photos Foundation to deliver a free multimedia journalism training programme to a group of local young people from backgrounds underrepresented in the media. Journalism as a profession has not been representative of our wider society. Only 20% of journalists in the UK identify as being from working class backgrounds, and only 0.2% are Black. Lowering barriers 4 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** to participation and creating greater equity in regards to who’s perspectives we see can not only be life changing for individuals, but for society. We actively encouraged people from working class backgrounds, people from Black, Asian or minority ethnic backgrounds, people with experience of exclusion, incarceration, formerly looked after children, young parents or carers, differently abled people, refugees and migrants and those from the Gypsy, Roma and Traveller and LGBTQI+ communities to apply. The group worked with Shannon Ghannam from the Peter Marlow Foundation and Magnum Photos Foundation, Ben Bruges, Anselm Ebulue, the HIP team and industry guests to create a special edition of the newspaper and accompanying exhibition _HYP - Hastings Youth Press_ to represent their experience of life in Hastings, and issues important to them, through multimedia journalism. Participant Samara Jayne Martin said this about the experience, “The project provided me with a creative and intellectual space where I felt genuinely valued and respected. It played a pivotal role in my journey of self-discovery, particularly in exploring my neurodiversity. It encouraged me to delve deeper into understanding my own cognitive processes, strengths, and challenges. This exploration has led to greater self-acceptance, as I have come to recognise that my neurodiversity is not a limitation but rather a unique facet of who I am. It has empowered me to embrace my neurodiversity as a valuable asset that contributes to my ability to excel in various aspects of life. As a result of these transformative experiences, I now have a renewed hope for the future. I am more confident in my abilities and more optimistic about the opportunities that lie ahead. The project has shown me that I am capable of achieving much more than I had previously believed, opening doors to a future filled with exciting possibilities.” You can see the pdf of the newspaper and the work of participants here and watch a film about the project here. Partners and supporters include: Magnum Photos, Fujifilm UK, Eggtooth Hastings, Hastings Commons, Xtrax Young People’s Centre, The Refugee Buddy Project, Hastings Radio and Stella Dore. Funded by the East Sussex County Council Community Wellbeing Fund, Peter Marlow Foundation and our community through our crowdfunding campaign. With support from Fujifilm UK. 5 **REPORT OF THE TRUSTEES** **FOR YEAR ENDED 31 DECEMBER 2023** ## **AIM 2 OUTCOMES:** ## **‘THE ENGLISH CATHEDRAL’, TOURING EXHIBITION** The exhibition has been successfully hosted by 7 cathedrals this year, making that 17 of the 42 Anglican cathedrals to have hosted the exhibition so far: St Pauls: 6 December (2022) - 26 January Hereford Cathedral: 31 January - 2 March Newcastle Cathedral: 19 April - 24 May St Edmundsbury Cathedral: 4 July - 26 July Wakefield Cathedral: 2 August - 31 August Lincoln Cathedral: 11 October - 5 November Wells Cathedral: 5 December - 14 January (2024) 6 **REPORT OF THE TRUSTEES** **FOR YEAR ENDED 31 DECEMBER 2023** Cathedrals confirmed for 2024 – Rochester, Peterborough, Manchester, Chester and Derby. Interest expressed for 2024-25 from: Exeter, Chichester, Leicester, Guildford, Truro and Canterbury. ## **FUJIFILM EXERCISE & COMPETITION** The Fujifilm exercise and competition continued and took place in all cathedrals running alongside the exhibition, and some lovely images were taken of the cathedral, exhibition and its visitors. 7 winners were chosen and 7 estate stamped fine prints were awarded to the competition winners. A selection of the instant images have been displayed on the PMF website and Instagram profile. 7 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** ## **PHOTOGRAPHY** Each exhibition has been photographed by Billy Bolton, our resident photographer, with the images again being shared across our website and social channels. 8 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** ## **PR** The Foundation continued to work with Sam Trenerry, a PR specialist, to assist with the press and promotion of each leg of the exhibition. Together we worked closely with each cathedral team on an individual press release for each host cathedral, alongside additional promotional material such as website imagery and a bespoke board to be exhibited as part of the exhibition. Sam spoke to the regional press for each cathedral and secured coverage across multiple titles. ## **SELLABLE ITEMS** Where possible the Foundation provided items for sale within the cathedral shops. This included postcards of the host cathedral and a postcard pack of the cathedrals that have hosted so far. We also worked with Merrell Publishers to provide copies of the second edition book ‘The English Cathedral’. The percentage cut for the cathedral remained the same as in 2022, at 20%. Royalties received from the sales of the book will continue to be donated to the Foundation, alongside the sales of postcards and books from each cathedral. ## **PLUTO II: PLANNING APPLICATION** The challenges we have encountered with the planning application continued into 2023. Having been assigned a new Principal Planning Officer at the end of 2022, we began the year with the view to organise a call to review the current status of the application with the new officer. This meeting was scheduled for and took place on February 20th, and the action from that call was for the planning officer to chase Natural England. Some progress was made after this. Natural England continues to raise the issue of a small amount of habitat being impacted by the design but the planning officers will now make their own assessment of the environmental situation and write their own report. 9 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** Following this there was a period of time where we waited to hear on next steps. We received communication from our designated planning officer at Folkestone & Hythe on 17 August which said that an Appropriate Assessment is being drafted and sent and they will be in touch in due course. We chased a response on 28 November and repeatedly since then and are yet to hear anything back. ## **AIM 3 OUTCOMES:** ## **YOUNG CREATIVES COLLECTIVE** The Young Creatives Collective was formed in Bexhill, East Sussex as a mentoring project for young people from asylum seeker, refugee and migrant backgrounds to explore their creativity and achieve their creative education and career ambitions. This project is a collaboration between the young people, The De La Warr Pavilion, The Magnum Photos Foundation, The Peter Marlow Foundation, The Refugee Buddy Project and The Mosaic Rooms. During this first phase of the project participants were offered a series of creative workshops and worked towards an open studio event showcasing the results of the workshops, their personal projects, a collaborative mural and public programming as part of Refugee Week celebrations in June 2023. The second phase of the project received funding from the University for the Creative Arts and the team there behind the Fast Forward Putting Ourselves in the Picture project with Trolley Books and will start in February 2024. The group will travel to the UCA Canterbury and Farnham campuses to meet with students and faculty, hear about the various courses that are available, participate in taster workshops and discuss the types of roles that these courses would prepare you for. We will also provide mentoring and networking opportunities with industry professionals and UCA faculty and support the growing peer and professional network created around this project. The group will also be offered practical support on working in the creative industries, ranging from CV advice, interview techniques, working as a freelancer, marketing, applying for internships and fellowships and funding and grant writing. The young people will also continue their personal projects and collaboration working towards a newspaper publication and exhibition at the De La Warr for Refugee Week in June 2024. You can see more of the work and read about the young people here. 10 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** ## **MANOR PARK MEDIA** _“Because the thing about programmes like this one… is that it does work. Creativity does provide work, it can provide opportunities. It’s not a perfect science, but it does work. We’ve not even scratched the surface of what we could do with these young people and others in this area of Newham, because they just have lived lives that people could not imagine. And I think, “Funders, open your wallets”, let's get this thing going, because there’s a lot of work to do!”_ Timi Akindele-Ajani, Photographer and Filmmaker working for the Peter Marlow Foundation on the Manor Park Media project. Our latest project is the creation of a collective called Manor Park Media. The collective came together through a collaboration between Newham based youth mentoring organisation Be Heard As One and the young people they support, The Magnum Photos Foundation and the Peter Marlow Foundation. Be Heard As One is a grassroots youth support charity who use their unique life skills, creativity, safeguarding approach and deep community connections to support young people. The BHAO, MPF and PMF worked with SEEit Working Trust and Taking Shape Association to undertake “Rules of Engagement Learning – RoEL©” that were developed to provide a framework for youth workers and arts organisations to co-design programmes for the young people they work with and unlock personalised progression pathways for them. The project points to the important role youth workers play in sign posting and supporting opportunities for young people impacted by multiple inequalities, but in many cases the youth workers have also experienced barriers to participation in these spaces. Cultural institutions want to reflect and serve their 11 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** local communities but in many cases they don’t have deep connections into all parts of the community. This is something we are addressing through this work. SEEit Working Trust has designed RoEL© sessions, facilitated by youth workers, around 7 themes: Knowledge; Access; Engagement; Participation; Learning; Progression and Legacy. Over 8 sessions, the group worked with young people who live in the historically underserved Manor Park area using photography and a range of storytelling tools to explore, publish and exhibit stories about their life experiences and perspectives. The programme is building vocational skills and career progression pathways as well as supporting creativity, confidence and well-being through the creation and presentation of these stories. The project was one of 10 selected to receive funding from the Foundation for Future London’s Collaborative Commissions, co-funded by the City of London. You can see the first stage of the project here. ## **SCHOOLS PROGRAMME:** PMF is collaborating with Photoworks and The Magnum Foundation UK to create and bring to fruition two pilot photography programmes for school aged children. These projects are currently still at the fundraising stage. 12 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** 1. PMF is partnering with The Magnum Foundation UK to deliver a high-quality programme of artist-led, arts-based learning opportunities for young people in formal education settings. The programme targets schools in levelling up for cultural places (geographical areas with historic low cultural engagement) and responds directly to the needs of teachers and students in each setting. Together, we will develop and test partnership working as a way of delivering quality photography engagement opportunities with/for schools at a national level, specifically testing new approaches to blended (face to face/digital) learning in order to retain quality of experience for pupils. 2. Peter Marlow Foundation is partnering with Photoworks, photographer and Kingston University lecturer Nana Varveropoulou and the LIFE Centre at Homewood School in Tenterden, Kent to collaborate on an innovative pilot education project. The project gives the opportunity for partners to use their various skills and experiences to explore and research the use of photographic storytelling as a tool of intervention to support young people in formal education at risk of exclusion. ## **UNIVERSITY PROGRAMME** Throughout our research and development phase the team at PMF were keen to understand how we could best partner with local universities and this has become clearer through two collaborations with the University for The Creative Arts and London College of Communication. We are very proud to have received second phase funding for the Young Creative Collective programme from the University for the Creative Arts and to be exploring a similar partnership with the London College of Communication around the Manor Park Media project. Partnering with a university on these programmes allows us to demystify attending university for a group of young people who have experienced additional barriers to participation in formal education. It also gives us access to the expertise of their staff and facilities on campus, as well as creating connections between their students and our participants which we are keen to explore further. The benefits for the universities include having a better understanding of the needs of young people who have experienced additional barriers to participation and “real world” collaborations for their students and staff with a charitable arts organisation and grass roots organisations. Another aspect that we are exploring is partnering on research projects and funding and PhD student fellowships and graduate students working within our organisation. ## **PROFESSIONAL PROGRAMME:** We have further developed our thinking about our role within a wider network of photography professionals and how those relationships support our mission. These include artist residencies in Dungeness that will allow us to support photographers to explore Peter’s archive, develop new work and share their talents and expertise with our community. We are also developing a programme of commercial workshops that will see us working with emerging and professional photographers throughout Kent, the proceeds of which will support our free programmes. 13 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** ## **RESEARCH** Led by Shannon Ghannam, PMF is exploring the role our work can play in a number of interdisciplinary research and related policy discussions. Some examples of this include being a part of “Creative Health” networks (the use of creative activities and approaches to improve health and wellbeing, and prevent illness) led by the Kent County Council and the East Sussex County Council. Another example is the use of the Manor Park Media project at a Mayor of London Violence Reduction Unit event about the role youth work (and in our case creative youth work) can play in tackling Knife Crime and gang violence. This is an area we are keen to explore in partnership with other organisations and research bodies. ## **PARTNERSHIPS** A key learning from this year has been the importance of partnerships and how these are the cornerstone of our work. This includes work to expand and diversify our trustees and create a Community Advisory Board, recognising the expertise and deep community connections of grassroots and local organisations, building strong working relationships with local councils and authorities, embedding ourselves into the wider creative communities of large cultural institutions, building ambitious and innovative relationships with universities and discovering the synergy and shared ambitions of funding bodies and corporate partners. ## **AIM 4 OUTCOMES:** ## **WEBSITE & INSTAGRAM** We continued to post on our Instagram profile at least three times per week with a variety of content from Peter’s archive and documenting the various stages of The English Cathedral exhibition as it moved around England. At the end of 2023 the Foundation’s Instagram profile had approximately 25,000 followers. The Foundation website has been kept up to date, with new journal posts being added frequently to ensure regular content is available for our audience. The second stage of the website, enabling online sales, will be mapped out in 2024 with the aim to launch in 2025. ## **MAGNUM SQUARE PRINT SALES** The Magnum Square Print Sale is a bi-annual, week-long timed sale of 6x6" prints, signed by Magnum photographers and estates, as well as any invited guests or partner organisations. Over 70 photographs are selected from the Magnum archive for each sale. 14 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** 2022 marked the 75[th] Anniversary of Magnum and the 2 square print sales that took place in 2022 and the first one of 2023 were in celebration of this. The second square print of 2023 was to pay tribute to what really makes a photograph different from a computer-generated image: the fact that the image is recorded by the impact of light on a surface, the camera obscura. Below are the images the Foundation chose to be part of the sale. Fiona Naylor confirmed that any funds received from the sales would be donated to the Foundation from the Marlow Estate. **DATE** : March 2023 **THEME:** Vital Signs/Next ## **SOLD:** 87 **CAPTION** _**:**_ 'Minus Forty Degrees', Ulyanovsk, Russia. 1990. **TEXT** _**:**_ "Minus forty degrees, a warm refuge for folk to wait for 'unofficial' taxis - Signs of Life" **DATE:** October 2023 **THEME:** Written by Light ## **SOLD:** 25 **CAPTION:** ‘London by Night’, London, England, 1982. **TEXT** _**:**_ “London’s Docklands were on the precipice of a radical transformation when Marlow set out to document them in his 1982 London by Night series, commissioned by The Photographers’ Gallery. The deindustrialized area was once London’s gateway to the world and would soon become an international finance hub. Marlow found it, as he often found places, in an in-between stage. In the quiet of the night, Marlow used long exposures to capture their stillness before the radical transformation of the next twenty-five years.” ## **AIM 5 OUTCOMES:** ## **THE MAGNUM TOKYO LIBRARY** At the start of the year legal documents were shared with the shipping company’s Tokyo agent and we awaited confirmation that the books were able to be transported. 15 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** Following this we managed to get an agreement in place with the solicitors in Japan, who are acting as the exporter and the documents were signed by Magnum. PDP Freight Services began to liaise with the exporter in Tokyo with the aim to get the books on a container to the UK. Further paperwork was then required and a pack of documents was sent over to the solicitors in Japan, our exporter. This included a valuation of the books so we could create an invoice. The solicitors now have everything they need to start activating the export so we hope this will begin soon. ## **FUTURE PLANS** The charity is led by a stable and mutually committed Board of Trustees who bring a range of talents. Tom Harvey, Fiona Parker, Felix Naylor Marlow and Max Naylor Marlow have been re-appointed in 2023 and have had their terms extended for another 3 years. The terms of Fiona Naylor and Robert Husband will be reviewed in 2024. We will continue searching for potential new Trustees to diversify our governance, add expertise, in particular areas such as education and programming, and develop our networks. We would look to establish a community advisory board, with members from the community, local cultural organisations with participation from Kent County Council. The educational mission is continued to be developed through the programme which we will continue to work to gain external funding to bring these into fruition. Despite the building yet to have been built, the Foundation will work to successfully establish itself within the Kent Community, particularly with Kent based educational institutions. We will continue to engage with the planners with the intention of the building being granted planning permission in 2024 so work can commence. We will continue to resolve the roadblocks to successfully see Magnum Tokyo Library transported to the UK, where it will be held in storage until the building is ready. 16 **REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2023** ## **REFERENCE AND ADMINISTRATIVE DETAILS** Independent Accountants Whitemoor Davis Limited 5th Floor 111 Charterhouse Street London EC1M 6AW Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 31/10/2024 and signed on the board’s behalf by: **Fiona Naylor** **F Naylor (TRUSTEE/CHAIR)** 17 PETER MARLOW FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PETER MARLOW FOUNDATION I report on the accounts of the charity for the year ended 31 December 2023. Respective responslbilltles of trustees and examlner The Iruslees, who are also the directors of Peter Marlow Foundation for the purpose5 of company law, are responsible for the preparation of the accounts. The trustees consider that an audil is not required for this year unaer section 144idi of Ihe Lnariiies Aci 2ul1, the 2011 Aci, and Ihai an Inaependeni examination Is needed. Having satisfied myself that the charity is not Subje￿ lo audit under company law and is eligible for independent exarnination, it Is my responsibility lo". 111 examlne ihe accounts unoer Se￿lOn 145 ofthe 2011 Aci., li1} to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Act.. and liiil to slate whether particular matters have Come to my attentitsn. Basls of indèpèndent examinerfs report My examlnatlon was carrle(J out ln accorJan¢e with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consider81ion of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be rèquired in an audit and consequently no opinion is given as lo whether thc accounts present ts 'true and fair view, and the report i" limited to those matters sel out in the statement below. Independent pxarrblner'5 5tatempnt In conngclion with my examination. no matter has come to my attentlDn' lal which gives me reasonable Gause lo believe that in any rnaterial respect the requirements. lo keep accounting records in accordance with section 386 of the Companies Act 2006., and (111 10 prepare accounts whlch accord ￿1￿ Ihe accouniing recorcls, comply ￿Itt the accountlng rp.qiJirpmgnt% c>f section 396 of the Companies Act 2006 and with the mplhods and principles of the Slalemenl of Recommended Practice.. Accounting and Reporting by Charib'es.. have not been met., or Ibl to which, in my opinion, attention should be drown in order to ¢nable g prgp¢r understanding of the accounis to be reached. Roy Davis Whilemoor Davis Limited Chartered Ceriified Accountants 5th Floor 111 Charterhouse Street London EC1M eAW 3011 o1ftr024 Dated.. PETER MARLOW FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrleted Restrlctèd funds fund5 Total 2023 Total 2022 Notes Incomln resources from Donations and lagacias Investment income enerated funds 22,378 20 22,378 20 55.811 22,398 1,022 22,398 4,697 55,811 7,107 Incoming reèourtses from charittsble activities 3,676 Total incoming resources 23,420 3,675 27,095 62,918 Resources ex ended Charitable activities Charitable activities 35,876 35.876 Governance costs 5,760 5,760 2,836 Tottil resuurbe5 exyEiided 41,636 41,836 22,488 Net lexpendlturellincome for the yearl Net movemgnt in tunds {18.2161 3,675 114.5411 40.430 Fund balan￿S al 1 January 2023 120,772 120.772 80,342 Fund balane•8 at 31 D•e•mb•r 2023 102,556 3,675 106.231 120,772 The statement of financial activities also complies wth the requirements for an income and expenditure account und9r the Companigs Act 2008. PETER MARLOW FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Current assets Debtors Cash al bank and in hand 21,091 99.681 107.OS6 107.OS6 120.772 Creditors: amounts falllng due wlthln one year 18251 Total assets less current liabilities 106,231 120,772 Iiicoiiie fuiids Restricted fiinds 3,675 Unrestricted funds 102,556 120,772 106,231 120,772 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023 No member of the company has deposited 8 notice, pursuant to seGtion 476, requiring an audit of these accounts. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the slate of affairs of the company as 31 the end of the financial year and of its incDming rosoiircos and application ot resoLirces, including 113 inGome and expenditure, for the financial year in accordance with the requirement) of Jections 394 and Jy) ana wnicn OIne￿iSe Comply wim tne requirements or tne Lompanies 2uuti reiaiing to accounts, so Tar as applicable lo the company. Thèse aeeounts have beèn prepared in accordance wth the special provisions relating lo small companies within Part 1 J of the Companies Act 2000. The a￿ount$ were approved by the Board on ..S.i., l o: £o£LF Fiona Naylor Trust99 Company R&glstratlon No. 1173S722 PETER MARLOW FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DEGEMBER 2023 Accountlng pollcles 1.1 Basis of preparation The accounts have been prepared under the historical cost convention. The accoiintq have bg.en prp.parert in accnrdanr.p with applip.ahle. ar.COLinling qlanrlards. the. .qlale.mp.nl of Recommended Pracliee, "Accounting 8nd Reporting by Chariti68 issued in Mar¢h 2005 8nd the Comp8ni08 Act 2flO6. Donations and legacies 2023 2022 Donations and gifts 22.378 55.811 Investment income 2023 2022 InlerÉsl receivable 20 Total rÈsourcÈs expèndèd 2023 2022 Charitable aetivitiè• Charitable activities Activities undertaken directly 36.876 19,652 Governance costs 6,760 2,836 41,636 22,488 Trustees None ofthe Iruslees lor any pgrsans connected with them) received any remuneTation during the year. Employees There were no employees during the year. PETER MARLOW FOUNDATION NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Debtors 2023 2022 other deblois 21,091 CrÈditors: amounts falling du• within ong y•ar 2023 2022 Trade creditors 825 Analysls of net assets between funds Unrestricted Restrlcted Total Fund balances at 31 December 2023 are represented by.. Current a5set5 Creditors.. amounts falling due within One year 103,301 18251 3,G75 107.056 182SI 1n2,5£6 108.231