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Marshall's Charlty Chariiy No 306780 Consolidated Flnancial Statements for the year ended 31st December 2022

Marshall's Charity Iiidex Rert oflhe Tn8S........................................................................................................................... ConsdbJabJ aTrJ Charity Balan Sheets................................................................................................... Consc4idat&J StalThnt of Finwl Pthls......................................................................... .... 10 Charity Slatenwl ofFinw Acap*itss.................................................................................................... 11 ConsdKlat•d Ststem?nt ol Cath Flows........................................................ ..... ............................. ...... 12 Nots8 totheAcLounts......................................................................................................................... 13- 27 Independent Authtorfs Report.... . ..28-

Marshall's Charity Ttustees, OlThcets 8ndAolS0ts TRUSTEES (are aFoointed by Of Iain1j Trlee$ tem) of 5 y•aTS) MrA p i>Jthrie TD DL 8Sc FRICS + W # l MrJANFkav*DodMScMRICS Mr S Clwk TD Bsc FCIB FCSIIHON) Mrs A Nicholson kiA Mphil MRTPI

i MrWDEasonMAFC

k Ms S Ma1hrAT&Tkel

Rewj J Rust Bsc Wi

A L Bosman BSCACA

Mr A Moss MA FRSA l Mr C E R Ledsam FCIS A Miss E Lang BA ACIS Mr A SmaltWC•)d LLB LLM MRICS A Ms R SlillirrfJ Mr l MaX1cK1t Mr C Kwrvje {Ch81m) (reli I c¢1£2022) (mtMEd ?h May 2022) (app¢$d 271h W 2023) + Member ofthe Prorwty Committ88

Member ofthe Audrt Ccfflmittee

z Member ofthe Ttee CMle8 Member ofthe Rernuner8tiw Ccxnmitt88 k Member ol the Grnnts Commthg anber olthe In%wtment Commrtkne Membw offv Christthurth CeAnmthe OFFICERS Ms C M de CAntra BA ACA Mr J Keagan DipBS MCIAT C.BUILO.E NWE. ChfExe&Vè and Ckrt( to Ihe Twste*$ PRINCIPAL OFFICE M8rsh811 House, 66 NVArcrfD StreeL London SE1 1 Td: 020 7407 2979 cknrkarSh4Is.Qrg.uk .matshalts.org.uk 8-mail.' BANKERS Barclays Bank 192 High Street Crthyky, Wgst sX RH10 1YX Lg•ts LS1 9 SOLICITORS CTIPPS LLP Wa119d& Hou8e, 12 Mount Ephr8pm RoAt1 Tunbridgé Wèlls, Kent TN1 1EG STATUTORY AUDITOR Price Bailey 8th Fbor. Da51w[l Hous• 69 Cld Broad Street Lonth)n. EC2M IQS INVESTMENT GER Rathbones 8 Finsbury CKCAJS. London EC2M 7AZ

Marshall's Charity Trusrees Report for 2022 1. OBcTIVEs AND ACTiriEs Purpo¥ ofthe Ch•rfty The Charity was Iotmed wi 11 on Ihe (IBalh of Jom Marshall. a bakar in SoJtlThvarf(. In his IMII, after rnaking provision for hi% 18rnily and fn"•nds. hè ftth8 balancè ot his mtthst eslate to trLL8ta•s to be Ltsed for various charrtab purposes. AItt)ugh these have evow •jhty wthe tries, they are $bll lMarity gn continuw7Cg and maytenance olthe preacknng of Gorfs hty UN"s Lande fCV8rf. Today, these purposes arg." to support as Patrtr the paffjh ¢hurth of Chrtstthurt, SWa.. to me grants for the Swport of pwsonages to di(Kew ofthe Church of Erylarkj aTra thè Church in Walas,. to mthe restOrath"C aThJ repaw grants to Akan curces in the three counlies of Kert Surrey and Lincolnshirè as thos& counbes wr8 defined in 1855,. and 4% 01 net iwKoffle m•Je availatye lo Marshall'¥ EduC41K F(wnd8bon thi¢h makos for educatial purposes in Stanford sou1t. bl The Charity ts furthd solely from thk8 endtrm& Public B•nof The oty'ects and pu of Charity A set ¢yJt paragr4Jh olthB (Brt. Th tstees cryifirm that tsy haw r8ferr8d to thè charity ccmmissi<)n's gene guwJart6 on wt4ic whon revw•••WJ Ihe Charty s aims 8ThY obltiv&S in fvluto oGb"vilws gwt-rnakis¥J (Dr th& y&ar. Acdvltles Th• affaits ofth8 Chafity ar& $8paratsd into pmcipal arnas aThJ Itis is in the Staternentof FinÈnci Actiwlies I'SOFA'I on paje 10. The wncapa areas are ww85trnt mwwment 9rant making. These are explained in mce ijetsil telw. For many yaars. thè cfwrity has sh•J ts offitss and ¢Lts with Nthvcyrn Colètt FouThJatK)n, arthergrant makiro ¢harity. The iorr receNed from Irn and b)e costs incurred are sinilar arKI shown 8gparly ill Notes 15 and 17 of the actourts. Al In¥Mkn•nt MAnag•m•nt As an Endth¥ed Charity oro ol the prirnary tas%s ol Ihe thtstees o to manag? th? in¥pstrngrt as591> trugtees have adopted a wlry of dir$Cab"on in relab.C to 85 suth hc4d thtr lfftsthlonts In t speciaist direcl property and Mu11$SeL Iu¥j, managwj assets. Prop•rty Approximately eo% of 15 ¢Jwrentty inbEsbJ directy in wor•. The p0rtfvJ1 t¥ by sw. location and class. Thè Chanty at#xrt20% of ts kyxifclio in resJ8nW WOF¢rty. 21% in comrywcial, 24% li retail and 35% in iTrJustiial. In thè Tegp)n d£1.47m ¢ wwestthl in • m8nW proFtty fuThJ. Tlis tr Charfjty to galn expc6ure to diff8rent class of asset. inuewng the divers1ficatK of p(thtio and ts perfonnance of thg fvnd. How•vèr, lund has Th)t perfomied as as ChW'S hehj F¥cwty, so th8 Irus* are conslljerirg qiNd81 the fijnd a1 purchasiffj fijrther pmpety. The Charity8 pfoFwty p¢yttoko 15 O¥W5ew by ttE Prowrty and manopl by &Jrffjor.

S•¢111 AFvToximatety 40% clthe erbaowment is imEgbJ m MU58$L Iw4uK1, managwj assats. In Juary 2022 tho Trustees •stab1sd a V+Dthing gro to seek cOffjeUS to have these a&89ts managed by orts or mor• discr8tionary asset managats. Thè ying gp identifigj a IL8t often thJThJ managws and after fiJrt reviw this was redu¢od to a short list ol three. Fc4lcMiro presentaticffjs aThJ these three fimis the trustees agreed to aFf)oinl Rathbo$ Inent Managwnw)t LYnrt¢d to managa pthlio. By the end of21Y22 Marshau's sUre5 had teen transferred to RathbO to man•¥. Grnntwmakl Tham ar• f(NJr current m4orcatsgori8s ofternfft as setoth in ts werirs paragraph ol r Rep)rt. Thtr MaTsh$ll'$ Charty Aet 1855 also intrtsaueed lor grants for churches. These made particuTarfy in the 1W Cgntury and again in 1930$. Hoffivet, grants have teen made Sin 1993 and the twstees now trIve thal any 9rant made i) thk% a8 WOU Trjt rnalena Ihe obtr81 cost ota rEw (thrth aThJ that their grants are more effectivety direded to 1h8 Oth areas of n•fiL

Marshall's Charlty Triislèes Peport for 2021 Each yw. when aFvrovwwJ thè buslo8s ffirst ¢J8c•Jo IKYAT mLth ts make available forthe Assouated wth Christchurch, Southwark. Then. after makiry ad4uate provSic ts the grant lo Marshall's Ed(atioNal Foundation, b trwtees deryde how to ¥Art thè avalable btfv4èn grants for Ihe Supp ol parsonages aTrJ those for restoration of churcts5. Marnhall's is only ab to grants for clxJrdEs Ihal Tr41 within hi8tr)riC COLthts sèt in John Matshall's 11. Anglit>n churces within the rdèvant dic£eses may aFTJty fora Churc Restcfation Grant arKJ PartularwaIght is given to thcee WIcatic$ that have ts bxJ"rvJ of th8irtli(rese. In thè trle•S also off8r ryants to all dietssès in England aThJ Waks for the wrtha5e lx Thprobemerrt ofparsona9e houses. SUrrtY grts are abo availat4e to those dirry¥es, grants we awarded to sukwt tha purchase aTrY ir6tallatson of burglar alaryns and CCTVS in pa[scages. Chii•trhwch As stste(l in Ihe PUOSe$ ol the Chanty. Ilp Chwity hc4ds ts patron&Je ol Chri5tchuTch &JJthwark. Christchurch is thè first itan in John Marshall's Ml aTrY a5 suth ts trustees regard gJpwbrvJ Christthurth as lhelrpary responsitylty. Tlpy gxercise this duty by prwJiThJ &lminstrab"vè aThJ finarti swjport tr& d)urch. The fir$8nry•l Jpport indudes paying fr)r buildirrfJ utsts. rneeb.ng the sb"pernJ and FéNon ts)sts of Ihe Recaor and helping towards the &nployThent costs of Ihe thurth ¥lmirHstrator and fadrfi'es mafttyèr. In &Jdthn. tre Cth and Surveyor prov 8dmintstrab¥è Énd proF swort aTrJ gulan as

Marshalhb Educational F¢wndallon John Marshall'¥ Wll provKJod for the unNeW &Jwation ofcre yourg man from the Parish Grnar School in Southwark (now St UaNt'5 & St S8vv)ufs Grammar SchcKA in OrrAwnl orfrom Stamford Sch(d in knncolnshiro. The 1870 Educalion Act required the Charity lo fcffli a s•parate FouTrJab'cm for adrnintstaring these grants, and il was settl8d that 4% olthe dispc6at48 inc(re of Marshall'$ Charty w0d te paxl to IhB FoLmdab"on annually. Ofthe eleven govèmtsrs of M8rshl's E¢j¢atronaI FourKlation. up to nine are by Marshalvs Charty and the trustees are thus ab to sats'5fy them58Ws that the affairs ofthe Foundation aw8 efficvY adMlStered. The Clark of Marshall's Charity 4s0 ninthr3 thg aff"rs ol thè FrlatiOn. Curwuy fwr tsfthè are also tru$t8•s of Marsh811'$ Charity. Parnonaqe• As ewraij 8bwe, the trttstees thr grants to all ditxeses In ENJland Wa$ tr)r the wr£ or inyo¥prnenl of parsonage houses. Dicthsts Ihat have that they ul[? a 9rant a fijnds. cal¢)Jlatsd on the numter ofparsonages wthin K)L. Th FKoFwty x grant is daimthj must be a c18rgy hoLLse whth is subjectto The Repair ol Berefice BuiklrMJ¥ Measlxe 1972 th'n the Cr¢h of Er¥JLqnd or ts Church in Wal95, and be 0¢pIed by a RFLts. Vicar, T&an Re(lor. Tearn Vic2r or Priest4n-charge. This Ind prrrt$ prOVe on a 'House for Duty, basis. The worft mLLSt be lor tJikJing. pwrlK3siNJ. altanng, diwthng w mc¥YwnistrwJ p3r50nages lgxdudng repairs or ncTh¢onsequÈntid docorabonsl aTrJ dudeS th8 instsllaiitin d ectn"cal car chargg pjints. The Surveyor ¥isrts a nwntw of par50Trage departments sath yearto understaThJ l)w tw arp oper8ts"rvJ, to di$sS strategy and to of kn)w prevK)us grants have been wd. Funth we also avalat4e to dK(8ses 05 ¥ewrty wants SI the tntst88s have been aware ofthe inueasng d8nger to dugy and thwr families are sutggLt in ther hcrfnes. FdlwirwJ dJ10n5 with the dithsan pars¢Thage deparbnents. rt was cl8ar that inslaN8ton of burglar a• entrY•e sy3tems and, in rnore dangerous situations. CCTV ¥eoJrty systems. VAS a iqrge nurnb8r of FY0p&Is. For the1851 twenty or morv the Chanty has earrnarkèd SUFPOrt to t aValab tssuth 5chemÈs. Grants are availab through an online applicatitirn and 8rè 8wardgJ under the Cws di5ry9ll. The Charity also wovbJe¥ a small anountoffvnthrg to run a Mpbyte arml ryèarf0r the Diocesan Surveyors, (>oup. The rJJnlerenc4s allow Ihe (fttesan surw kn axcharoe aThJ ¥rforrnation on 1•thnl Yssues. Marnhall's rPyC. Jrn Ke8g, is their ConOr. Chuh68 Psrothi85 Chwth CoLm¢ls (P) wthin ¢thoce5es ofC8niththry. Gufrtffi)rd, LiDrnln. Roth¢$tsr and Soulhwark Can f churth rg¥loration wants. Th Sutveyorvisits the clurts5 that¥pty tef the appli¢81ions a dCU by the grants 0rnittee. A Sho1# ofapplicabons i% lakgn to a IntstEe me6bro. in April, Juty or Octobor, where 9rantawar¢Js are agreed.

Marshall's Charity TrLislees Report for 2022 2. ACTrIEVEIW8 AND PERFOR114NCE AchI•Mn Duriry 2022 tho ch• retUd to normal P¢, fcknry ts ccrdid aThJ haj a busy and succ£ssknl wr. The vwious are set A) Inv•slrn•nt Manag•m•nt

Spg¢1olbt dlTrct prowty Tho Tnt88s aro pleased that ihe prwrty pryrfofp) pr(4LwI a hb3lw irtcth• in 2022 than it thd in 2021 AI the start oftr year the p)rtfdio was fully kt except ljr tw retail tL9eS. on8 re$KIenti fi8t and ts¥o surta$. Two residenb'4 Ilots thè prct959 ofb&'rrfJ crèaid. By the eThJ ofthe year one retam F¥ernise. industhal urtt aThJ offy suites v8¢ant Severnl prcperbes neYk hbJh8r tsnts ror lèa or from renl revbws aThJ rental incne in¢Jeased by 5.3% year on year. retym from the properb'e5 wa5 hew by thè dose lats"onthip thftty Sur¥gyor has th Its IwBnts. Muftl461rt 11qu5 manag•d aw•ts. As describÉd e•r, foltrwry a r5 prctass th8 carty has apwntaLI Rathbone5 to mwagg ils seeuirb8S on a discrglwjnary iwsffj. FolwI[j the aFvxnlm8nt Rathbc•)a's has prc¢e&Jed to mo¥8 the exthig in¥estsn$nts * a meaSUd pace so that Marshall's ijoes not ha%p congderabfe bjrbts tsut oftha Maet atone time. Bl Grant makh TIE Trlee5 are confidentlh8t thwrgrant m&kirg are 8na)ling thè Chaws lurvts to be used to the ban8ftof ministry aTrJ mission olthe Arylun Churth in EngLaTra a1 Wabs. sin John Marshal's ds8th his INII has created grants Drth 0r £86 million at cuThent pr. The twstses are prd ollhis Are remintsj ofthe resp1)11ty tlw hav8 for Ihe st8wartslNp of a¢y. The sumary below shryws tt grants w to a1 i1j 31 D¥t4mbw 2022." Grnnts m3d8- at Nufftber or turrnt nts nwde eof Grants made Alorm systems 755 T77 16,532 1.142 rotal PaTsonagJe rnnts 52.411 tV•w Chu•$ Resioratloft of Churtlxs J1 21.391 TOTAL In 2CQ4 the Charity decid to trSfEr al its his1w rec to the skwing ofthe Lorn)n Mopolitan ArchNes. wh8re tY are both 8erAJre and availb to thg general publicvtho may be interested. A mts detsikd disOJssic ofthè oflhe yew Chii•t¢hurch The Reverend lan Mobsby. PKJrthr Interrn RlOrDfchrurth Conlin lo work tha PCC aThJ Marshall's on devd¢)ping the MISS and ministry oflha ¢jr¢h. Thi8 in the contexl 01 ts nurnber and se21è of prows•J devdopments in immedie area and the intntsKJn from building ihat has an adr9e gffg¢t on thB parish. In 2020 commis)nal rèsÈ¥ch hJhlb3hbY ftyjr pnorrts curch. ¢>ekn"r& a sale hub. re¥MyKng to the olthe workiTrJ. reSpolirj to rwd5 ofllw Irn9 in Ihe ¥ea and r8$polg to the needs of rough sleepars aThJ tha homs8. To aums was &SJed mluig a teJnlspintual (xjmmurty. A k)t of hard WO aThl effort ha5 into tacklirvJ prioritEs wilh mh S[$6. aThFKwJh thks rnade much MO diffthtt by

qarshall's Charfty TrLI51ees Report for 2022 parkyemic Marshall's is comrnrtted to wKrfkiThJ Ihtr Ihe PCC MI the dwse (Crd with th* d8vabwent of tho parish of Christ¢huw¢h.

Marshal8 Eduutl(Thl Foundatlon Thè achEv8mènts of MEF arg datad in tho knnl Report ofthat Charity. Parwnaq•• In 2022 ts Chty awarth.ng £278,537 in grants to par490¥ thrghOut England and Wdlès which were ed to support the pair and mwnt0na of47 patson4e$12021 - £243,760 for 45 Pa3e5}. In acklthn, the Charity warded £40,608 to lund Lrrity acrt6s 59 parxrfw12021- £25,402 for 49 Church PCCS applied for church grants thTW ts thatitys Cline $y8knn. Thg GMts Ciynmrtkè met Ihroe lirne5 in 2022 and spent tmo swtir•sing tre bthre shorU¢5ting prDJert3 for thè full board ofttjstees to 8ppr¢)ve. During Year1 Chanty awarded 27 gr•nrs to churcfs12021 _ 391 wrfh 8 valuè of£352,76012021- £371,C($01. The netvalue ofgrrt trfAttlad alIatn5 15 £282,824 IW21 . £359,854). 3. FINANCIAL REVIEW R•vlew of Fknan Thè tntstees agre&Y a bw shuw¥vJ a defiixt of£172,179 for 2022, %%thich allokned lOrChIe grants olovèr È8(yJ.rNJo. Th8 actual r8sulis sho1 a $urFlu$ of£154.555 bel losses on investmènts. This was paruy (hje to Ih8 increased Mtal ircorne Ihat was reNe tecause the tnsteès dditralety sat a caubws budg8L Itwas also due lo a larp numter olgrants ting cart1, maw)ty due to delays amrwJ trom pand. The Su15 tcthm8s defiot of £1,881831 aftertakir¥ a(xx)unl d rèaltsad umealwd inveslm?nt105S•S. Since 2C4J8 tnL%tees have •Jopbd latNe W rewn¥yJ in %cJJnuLatl inrxrne re8effts of £1,254,089. trLLStees ha4 agreed anots def3t W for 2023. Re¥erv8s Polity At31 December 2022 Mwsh811's Ch¥rty hgwj tr fvTrJs.' Endowment Fund £ 20..726 Restiicted FuTrJs £ 736.938 unrestr F¢ts £ 1,254,089 The reseryes policy ofMarsh811's Chanty foc#Jses the of r8serve Ths exdu¢J8s endtrAl funds. rgstrthd fiJTrJs, desvJnth fvnds #TrJ unrgstrtted IS not re•Jity rgaltsaNè. M5hall'8 ¢h4rity 8oÉks to mnta"n fr98 r8s8Ms to rnan thg risks the Charity is e>p(tsd in tr r$e of rts business. These Incl& an Unèxp dr in Int duè to wKJmi¢ ¢cThYib"ons. The recommend1 e1 ol free reserv95 ts a)nualty as part ofthe prUC and tskes actwnl ofthe ¢uTrnt risks faarKJ Charrty. tJustBes rmsidar Ihat thg of free re89ffts for 2022 shoukj approxffnatety £500,QJO. At 31 Dernber 2022 thè of Ime reserves was £648.473. whiL Itrged 8mwnL The budw for 2023 forecasts a deficit of£307.884 in crter kn reduce lh& levd of Iree rgser¥w. Going CM¢•m Having To5d the finartial pWf0m)ar for the year. ts bLkty lor year to 31 Decmt¢r 2023 plarts futurg Ye5. t8$ ¢onfimi that thè ffiancA siatern8rt5 thg to 31 Decanter 2022 can bp prwrnd on the going concem bays. Inv•8tmgnt Poll¢y Thè pc4icy ofth? truste8¥ to maintsin the vdue ofthe assets Whi gwrnling a stsNe Austan)8blè retum for grant making wtfr•n an of rtsk. Tr vue ofthe charity's in4trNnts fdl by 8% Q021' iTr3pose of 12.5%) gver the y&ar due to the 11 in finanryal markets arvj the fal in average pror• prtss in the UIQ Investrn8nt incc¥ne inrxea5ed by £63,10112021.' £52.4061. An in¥estm8nt Ctrnrttee was earfy 2023. Thts cnrnmittee wll rewew tre In$trenIS. espe(yalty those managthj by Rathbones. rt will also reviert the inve51ment policy report to ts fvjll b)ard oftrustees. Currenljy tnJst895 do rnt Wish to any speryfic glhi¢A inv•stment poli,. however tial invesbnènts • assèsJ to ertsure rxygruen wlh the aims and ethos of1h8 Chsrity

Marshall's Charity Tiuslees Report lor 2022 Plan¥ lorthe Fk Th• CjJnf pu? 01 ts Chaiity on page 2 ¥e defi eKprwd ofthg FwTrJ?r, John Marshall. and the tl8tee$ intend to conts"nL to trw 04"6c%es 7tw"bt $ seekif¥J to api thaTrJiThJ ne$ ofthe Churth in ErrfJLarKI and wa$. At t.1 1 3tr8tsgy Ipvi ts Iee$ Ere haFpy to ti[Wj syskn tw award1 ts. Tlw al apwoved the d8asion to expand the w>rtlo1 ifapprr¥Jriate $Yope$ are avalatle to purchase and to maintain staffw at curr#nL knels. Risk The Rl$k RwJi$t$r 1$ quartedy by thtr trustses lheir m¥gtiThJ$. Al ch me&tirKJ th trustges revw the major risks to which the Charity is exposed and er6ure that systems e51 to rnintmise tre of any ofthè risks on effectiveness. In e¥ery by lts cornmittee ts fijll wister IB As at 31 Deeanknr2022 thg mw rks Chwty .. è AthlilTrJnal L))sts ansing from rrtY due to riths. maW ertsuring that nsks identified by the wwrers are aJressed. * Stgntfitant loss of incorntr due to adve¢ ecomm or pjlthcal othmate. Tha Charity ts nan1 on inve$b7)ent inccna to fund its runThNJ c¢k4ts grant-m8knThJ actNibes. A sig)iftart kx4s of w)(x)ma would Iharefr)r& havg major impact on ts Chantys acaiwis. Thi8 rtsk i8 manag&J thrwgh hcJiro free reserves and th? diversthcation ol tts investrnl In athjit1c. staff and trustees monitor economic and politi1 tr¢nd¥. • SJnificant bss of Ir Ihrough bgj thbts or exlend&J ¥ar@s. To mthJate Ihis risk, ts Charity activety Mane$ debtors. dr94VS up irce budget on a Kyudent basrs and subsuibes to pclential tenant credit re[ where woprtrate. • Inflation. To mityate thi5 risk the tteeS have set vp an InStMent s)rDMittee otthe trustetrs, hokj a balance4J investrnent portfclK {i.8. th"1 WIFty/SecUlItS/cashl aThJ all4 for sUfficnt inftathM in {53eL • Risk to the reputalKJn ofth& Charity b)rtyJgh ac"orts oftrusle8s or slaff or Ilw0h a dala broath. Mitigatin9 actions ilde hawng aFpropnate po$ arKI syslwn5 in FI. 4. STRUCTURE. GOVERNANCE & MANAGEIW4T Gov•mlng Dgcumonts & TnMt•e• The Charity 1$ gts¥em the temts ofthe Marshaf$ Ch•ity A¢t 1855 as slwbmantèa by $ut66qu&nt Schama$ ofthe Chanty COMMr. 17th May 2017 ts Charty C¢ynrnissIc ar0%d a SchTh to farilitat• th& sy5t•m for arrting grants. The kgal n¥ne of ts Charty is tho Chanty of Jthn Marshall. aKh)Lgh known as Marshall's Charity. Its Chanty Registralion N1¢1 k8 2[67•. All Inte85 are rmmbws ofthe General Meeb'ng cl Trust 8TrJ $re duibjg fvJr any Ccrntttaè. T(u8ko8 are e¢ted to serve frjr a fi year perifyy and may te re4lthJ for fve year Feriojs. Therè #rè a ThaMUM 0118 truslees, all olwhcffn are reqr4 to te rremters ofts Church of England Thetg arg ¢urrenty sn commrtlees." Fyoperty Commthè, AIrt Commth, Remuran Committee. Grarts Crnrttee. Inve$1rnent Crmnrnthe. ChrBtthJrch Crynmittee an¢J Tru¥tgB Commrttgtr. No Comm(dee has delegated pOIr to act wilhout the autlk)rity ol ts Gereral MeetiTrJ ofTrues. The trus1 have d¢veltpÈd and apped fomal teS of reference for 1 of trtte Ccrfnmittees. Tm•ts• Seknfjon & Trnlnhig Th• Trusts• Seknbon Cwmitiee meets a5 rnc4ssary tr) rec(yrfftThY wcintrnents clsuit7knk pw59rts to fill &tee vacancies. crnrttee consists ol a minwTrJm tsttwo trustees. It CerS 1 propc6ats, nonNnaticfis, eommendats.ons and 4)plJcaih)ns for apwntsnènt and has thè p0r to ad%rti%e for wfKants. It a150 has ful power arKI authority to inlerviw4 of d8dim lo interiew applicants. to ¢stsl$h njlas fot Iha conduct of its busi$$ and. subject to the kn(wn wsh8s of the main tody 0ftrust tts apY suth teria Sjr aPPOiAtrnènt as rt shall tmm 'me to time consJer Pr(pri* ordesirab. Th•r• trustsos atts 8ThJ ofth8 year.

Marshall's Charity riiistee5 Report lor 2022 The Charity benefits frryn many hvJhty qUalffi and experienc8J tnjstees many ofvA)om are aso acti in other charities. In keeping th the wl to matsin ts hb3hest ofgONpmare. the charrty enctsjrages all trustees to partujate in trainir6 that revart whth wrfl assist them in thair ro. Through rnetnbership of the Charity Finance Group and al from professional thsor5. vaMus courses are avW1a) In many ofthe 5peci81ist areas that affect ts Charty. The Chsnty has tsvo ex[£Ced ptofSK>naE staff in the per5W5 ofth8 crk and thè Sutveyor, arTd th• Charty ensures that both ofthém uThtsrte approprb81tt tinUing [fon gjuegtion rdevant to thèir needs. Thèy ensure that the rdevant knry•A• gald in thi5 training 15 pa558d on to the twstess. Audlt Commltt•• Audit CrynmittO0, wthch oJTherdty ccBi%ts of twrtruste8s Is80 paje 11, mÈèL% a yearwth thtr auditor, 8nd with Ihe Clath to the Tw5tees in att8fKlantr£. One of the rneet1r B concrrd wth the planniNJ olthe audit to be Carried out and ¥Jenbfyirg any areas of speual inter•st7tt¢h the trustÈÈs wsh to te eyamin•l by the alIOr. The other mests"rKJ remews the annual &cx)unts and Ihe cMJtccffte ol the audit In thè 8bsent% ofthe Cletk, th8 audrtor also has the (ppUlfy to f8w11o the in tC[n£ on ISS that mwt haye aiiwn in their work wlh the staff. This also oversees the p[c5 ofrv4ing th6 Charl$ OiL7eB. Propgrty Comffl1tt0• PrLporty Cowmitt80 cuThenty ¢)Thists ofbur Intslws (see page 11 vAlh the Surryor in rTrJnrtoring property portfolio arvj examinirrfJ investrent rp¥rnit. The c£fflmittso Ip$ Mcthty pOrtS from tr Surveyor and rneets wularly t1Ughout the year to ilistAJss acbwty aJres5 i5wes. Members sornebmts 8c&)mpany Ihe Sur4eyoron hi5 vBib to prcprts IW bdi8ve cfwrtunlies oxist to Ie99e lh8 capital value ofth? illvestm8nt Rernuneratlon Commktt•• Thè prinop81 fvnth.on ol Ihe Remunwabon Committee is to reCOmmer to the Graf Meetiro of TnBtses any chaTrJes to Staff salar5 or terms aThJ 0)ndItnS fv consi(1gt apwpriate for ts folbw"rJ yèar. The crynmitt88 consists ol four tnjstses {see p8ge 11 atNJ nomialty meets On 8 yèar. In vw ofthe dose vnrkn"rvJ latiOnshIp. Ihe mmitt8e may invito NewconRn Collett FrAJrIJatic to nominate rewesentXti4es to Trjin them for their rneetiro, Mr Tim McNally, the Chairof th& FouvJats"(m. Mr wr1, Cr of1 FcurtrJatbJn. 8tt8ThJ&J the ry?ting in January 2023. RemUratiOn Polcy JstèÈs arè gratèfijl forthe c(Tnntrrwt th$rn ofthe Charty's slaff. The tru%tees take trp vpw that Tt is essents.al to attrad and rgtain 5tsff wth the appropriate 5kn.lb arKJ capabihbes and ward thÈm faity fcf delbvering the Chanty's important wcxk. In order to do this the Chanty revws its salaits on a regular b$ and thi5 is done through Ihe Rernuntsration Ccrnrnrtke. At ts annual meeknrvJ the commrtlee rec£Nès a rèp)rt from the Clerk on siaff issues and rfO13nce, aThJ then c£Sr sect¢< rAtNJna pay rates and arbj KlS of inflabon, [0 wepariThJ its rewrnmelldab"c)s to the trL6tees The Grants cortststs offrrtSl aNlwJh n)è81irvJs ar8 0 to all tr1¢$$. Tr cclnmitteg is ted wth reviewing churth re¥tOrats"C and SLPPOrt Ofparxage grant aFplitsb"ons and prji4 8 sL£t clwlicabc to into the second stage of the artytaty)n prs$. Inve•tsi•nt CommlQlo• Thè Investment CcMnrnrftee s>ntsts 0ffourtrusle 115 rote Ys one of stral•gKthrectM aj ¢)ver5iJht ol tre organi5ation's Invesbment assets. exd1irrfJ prtywrty. It estab&shiNJ a dgtai18d invesknent kKJIry. Chrlgt¢hur¢h Ctynmlti•• The Chrtstchwch Ccffjmrttee ¢xns¢ts ofthre8lntst8es. The c(Mnrnitg orseÈs the charity's intwacion ¥th Christchurch, Ind1¥j rethrt cunMUnfjon 7*lth sTrlk Dic¢ese. but <1glers to Propety Ccmmittaè on buikying mattats. Manag•rn•nt Thg day-taY rnanagernent ofthè 8ffth.rs ofthe Charity is delegated lo thè Cl arwj ts sUrly. Thè trustees belEve that the cperation of a Charrty 8ss8ts irorn of this scale requires the managernt of prOfOn91 trained stsff with its n&Ssary costs. TW are lrnm8ty grateful to both the Clerk &Jrneyorfor thÈir conts.nued dèdtstion to tha wk ofthe Charity a1 to the Executive Officer for the aNe a551stan she provides. The continual thaThJes in legisLthn and regulatKw pl a heavy burden gn tt* Charty. trust8ès thank all ihe staff for their anthusiasm JKI CKJmmitrnent in (dn9 ¥nlh the affwrs of tIE Charity trtee5 $0 effiuerfy.

Marshall's Charity Tmsreès Report for 2022 Gov•mane• As with the corporate eharty seth has rnctYJne¢J that 91 go¥n and tranSp8nCY are key responsibilitss in their r8labc4hlp wth the communrty tsy seTrB. Marshall's (X)anty se&ks to ensure Ihat it m80ts the hwJheststsndarts i) ¥eas ¢lIent1th thtr soe of ts LW8ts?ns aTrJ ILnds. Deiaikd terns of rele are in pl8 for the seven cmitlees retsrr&J to atth&. Th truskn rety greatty on the carefvl and thoughtful wor urNJertaken by Ihese commrttees, wtlch allcps the Ger1 Meetings to deal more effec11ty t thè many isgjas whh are ts tswrn. Thè Chanty has rèviawad its Opèrat ainSt thè Chgrity Govemance Code. autht KMIttee rrEd ¢yrt this rpvEw gffv requirements ofthe and conduded Ihat Marshall's follows the seven princples. Th8 trustses r8ed aj11 commth8 that C¢x$8 provides usefvl guJaKe, butthat &JcVn ofthe Cc¥le wouhj resLIt w) dtsm)Onate effort tsminimal 98in. In order lo cc1¢aIe the V4rJrk ofthe Charity to bcth its tenefi(aaries and the wder c(¥nmunty, Charity has a wetkAite www.marshalls.o .uk is rngularty Wl8d. Ths indud8s a ttst. •xtran8t whth provhles ac$ to minutes oftrustees, rneet.ngs an¢Y otrr c4)nfKlgnlia in10mtion "n9 tr) managtrnw ofthe Charity. The extranet ts pa&8word protected and is onty acrA5sitrle to tr trustges #nd the Stsff ¢fthe Charity Trustees h r8pDrtwJ tsl find this a vgry usgful resource. Sl•tem•nt of Trust•. RPIbIli118s The trust arè r8sp)nbla forprèwiThJ the TrusteÈs' Annuaf RÈF#Xt thè finartid ststèmènts in xcordanc• with applicaWe law Untyj Kirybm Acc{1rj Star¥Jard5 {Unted Generaly Ac(Wed Awwnthng Practicel. Chanty law requwes the Tntslees to prepare finYAal $taknts fore financi y. [erthat Lqwthe Trustees havg 81ethd to prepare the financ1 staments in accordarKe wih aFplrable and Unrted Kingdom Accounting Standards lun King¢ Gerernlty Acceptej Acc0th)b.J Pracfjcel. IlUthJ F•Traal Reporting Standard 102 'The Fin8nual Repth'ThJ StaThJard applicJWa in the UK aml Repu of IJ, an¢J the C1)ar.es SORP 2019 IFRS 1021. Under chanty l&¥ thè Trustees mu not arvove firtancial statemgnts unlass they are satisfied Ihat they giv a true and fair vth of ts ststo of 8fv.rs Chwiy 8ThJ ofthe Statwnwtt of FinaThial ortlw Chty for that peric#J. • select suitth ¢[JnI1r and t1 trw ccfis1stty". • observe the mebkn)Js and p¥mc4pS in thè Chantw SORP IFRS 1021., • make IJgements ar¥J &sts"mat•s that ar? rèasonab af¥J pnKlent • State whether aFf4icable accounlry star%Jard5 he teen fo11ry SL1110 arry mat181 e8re6 disdosed and explai in finawat statements., • epa the n¢la1 ststements ba in8pwc)n lo presume thatthe charty wll conts"n in OFefdtbJn. Th• are for keepiThJ w(vacctirg records thal thsdose with reosonabb acojrary at any ti the financial pc6ition olthe charity aThJ to ensure thaÉ the financ4al statements o)nWy with the chare5 Act, the Charities (Accounts d Repts} ReguL4tbkn 2C#J8 aNI the provisi$ ofthe trust deed. TY are a0 responsibl¢ for safeguariling Ihe assets ofts th•rity hwce fortsknrrfJ reasorwbb St•F f¢ythe pVentiOn aThJ detxbon offrwd irregukqrittes. The trustees a responsble foc the Maintenan aThY integrty ofthe tharity and finCIal informaticn induded on chantys w•bsrta. in tl* Unrted g¢wemiNJ pryrab.on and dtssèminthn ol financAal statents may frc¥)) Èn ¢knr Sig on behall ofthe TNslee5 13th 2023 A Guthriè L Bosm Chainn

Marshall's Charity ,7iid Chflrily Bance Shep.Is a131st DecemDer20L2 Group Charity 2022 2021 FIXEO ASSETS Tanglble Flxed A8•tts 5.616 7eO.815 805.616 7&161 Inve¥trnnt¥. G•n•rnl purpoge8 Frneholds sewyle$ Styares tin subsidiary 12.620.STI 13.YJg,741 12.476.577 8.332.947 9,313.rf 8.331947 120.1XI 13,535. 9.313, 120. 486.938 192.033 486.938 492.03 1)46 078 24Qn.1I13 21021078 24,002. CuYrnntAs•ts Debt5 arKlpr9yMwTrts Lg8ns to chue$ Cash at bank andin hand 126.399 150.307 1J1688 154. 1.140.375 1.266.714 1.LW.382 1.158,669 1.131,494 1.261182 999.A7 1.154.097 Cv¢dltorn: Amounts f•lllng due wlthln ono y••r Net Curr•nt As•t• 815,(B9 815,099 8S3,1 NET M8Ers 24¥1N4 21469,161 24.352.9P2 FUNDS Uthr•stslcted fvnd 1.254.W 1.099.534 1.254.089 1.099.534 Ro¥trict•d fvnds OV)er Restricted Fund 10 736.938 742.033 736.936 742. Endry•mtFUnd 10 20..726 22.$40.017 20.478.134 22.511.42 TOTAL FUNDS rowj by Twstses aThJ autttrywj kn Is on 13 Juty 2023 aThJ sKJn&J on twthalP. Anto Guth, Chairman Les Bosman, Trustee The notes on pages 13 to 27 form ofttrse aOUnts.

Marshall's Charity Consolidared St8iem&nl of FinancJalActivitss for the yetir 31s1 Dernbe[ 2022 10 Total 2021 Funds Funds Funds 2022 INCOME AND ENDOVIMENTS InnI Kroy 14 1,292.589 1.292.589 1,229.4aB Othertrv aLS Total IOm0 15 41,LIYJ 1,270M 1.336.589 EXPEHDMJRE Cost of ralJln9 funds PrtY & $tte(St8 Othercosi8 76 296,Ird5 290.Ii)I 43Jlt 339.613 333m Charitable a¢VvNle• SUKort ofPwsonages gtants RepaKof Chuthes grants Clvisl ChurGh. SothhwaJk Mathalfs £dlionaI Fourtl&lA SlamlL¥tl L8clwgthftp 18 .442 344.710 364,442 344,710 421.620 15s.r m2 8.274 38.782 38,782 8,858 92S. Totsi expendtture 1.101.334 1.111,334 1269390 N•t Incomè before gal •nd l¢)•ws on In¥•#trnent 15fj25S 156.256 11.11J Nat r•eognls¢d golnsl(loMesl on stments Property. unwlised unth?s- rtr8lised Secunties. Ltnreal N•t incomellexpendlturel alter gAln and lomes on In*lJn I1.053.) 11.05&052) (393,7111 1393,7111 15.795 586.528 592.323 15& 16,795> {1033.2111 11W3.8311 1,91U12 Transfers beM•on funds Ngt movement kn funds 7C(I 15V06 (lo291) (1m8311 1.91U12 Tolal brought lorward 1.099.534 742033 22.540.017 24.381,584 22.487, Totsl funds canied forward 1364IM n6J38 2OAO6 728 497.753 All the above amourts relate to contsnumg ac4i¥ths and all recegnisej gains bsses. The notes on pag8$ 13 to 27 foftn part Of1 acrnunts.

Marshall's Charity 11 Ch,?rilJ' Sic?ieineiil of Fii?ancial AcftwrfS ftjr the ve.7rended 31st December 2022 Unr•stri¢tsd Restricted Endowment Fund& Funds Fund¥ Total 2022 Totsl 2021 INCOME AND ENDO4ltaEIs Investment MJc¢y 1291589 1,292,589 otherlrnliYU admt Total InGom• 41, 1.338.S89 EXPENDITURE Cost of raising funds Property 8 i$tnI costs 0thtsrL 18 296,Q25 296,025 339,613 339.613 Charltsble acli¥ibeB SupwtofPamn8ges grants R•paKofChuth granls ChiFsI Ghuth, Southwwk 264,442 344,710 364,442 344.710 84,929 36,782 8,858 421. 155. Stamtsrcl Lecturn&)ii) 841.721 925.711, Totsl xnd5tUY 1.181.334 1.181334 Ilet Ineorno before g4ln• and on Inve8tftwnt 156316 156355 11. 14et re¢ogThSsed g•ln8l1lsO) Pmperty. naSed Securib88. rna18d securi1. unreal Ilet Incorn•ll•xpendiiurel after g•lns •nd lo8 on in¥•slmnt {1.053.0521 11.053,052} 1393,7111 1393,7111 5.795) 1588,528 592,323 1&796) (10312911 11,8818311 155306 1,•13.•1 7CQ 14et rnobvment In lund8 154008 1409S> 110342911 11,8818311 RewnuheIic of thnds.. Total hjnds broh1 foThArd 1.C99.534 741033 22.511.425 24,351992 22.439,1 Totsl lunds rried fonvrd 1.2WW9 7¥•38 20Arn134 a41•.111 I tho retste to acb¥its I4je all f¢C<Jnk%ed gains aThY k)8. The notss on p¥J8s 13 to 27 form ol tlwe a(y)wnts.

Marshall's Charity Coiisolidalciy Sialement of Cash Flows for the ye& endw 31st Decenpber 2022 12 2022 2021 27 (1,150.8WJ (1.21a i Cash tlows Irom Inv•sdng4¢tlvll•S.' DiviCn5, ffom investrw Additions to tangible fixedassets F88 d8duct8d inveStnts Purchase offfnvestments Nrtcash pmvldedby (usedinj investsn9 a¢tivitses 1.292,589 (9,515) 419 [149,3 1.282, 793 1,079.4a3 CnI• in ea•h #nd c•8h •qufvl•nts in tho reportlng perlod 131,993 (138. C••h and ca•h •9¥•••nts at th• b•glnnlng ofth? portlng Frfod 1.008.382 1,147,1 Cash and rA•h •qulval•nl• atth• end 011h• r•prffllng poriod 1.140J75 i.OC4 The notes on pag8s 13 to 27 fom part of

Marshall's Charity Notes lo the Accouipls forthe yearei?ded 31st DeMber2o22 13 Accounting Poli¢l•s •C¢4yJnls IfmarKi818tstrntsl Lwn w¥lerts ¢t wh items recognised at cost or tran5xlw)n YalL Otherw stst in tr It note(sl lo these Wlnts. The financial statenwnts been weparS in actear1fv thè Statnellt ol RecomrnThJèY Prackn.. ounting Rewb"r#J by Chanbos wèpariry th•"r acc1[ a(rrrfOan¢• wrth ts Fmancial Rwthg Starbjard apab in fv UK aThJ cl IrelaTrJ (FRS102), s•ctyvJ affeLt 1 January 2019 anLI Charths A¢t 2011. lunction turwy ofts SclkxA k% o)n5thl lo t•¢•w thal the ¢JJ¢Y al ts kyimary )rkynlc enironment in whith tho Charly Lyrs. The cawty ccwtiw • Put1 t•)afft•)tty as dned by FRS102. Th& financial StntS habe teen wepaed to gfft a faiff ha ¢Jepartett from the ChrtS {Acnts and Rep)rtsi RJ80Th$ 2tA)8 only tothe extert to womde a Jwue and This d8partur• has invofvwl Ihe CharilB5 SORP IFRS 1021 [Al8 In Octcber 2019 r8lher than th8 P&c•unltiYJ and RePts.j by Charit5.' Stenwt of Re¢er Ptxtrce from 1 Npril 2005 which to mitrgat8 trthe ks. ets been weparEd t• miTrJ. Con5hl•ring all revant mattars, th6 trustee¥ rn$#eT it 8PWQWats fty th¥ co1 basis lo be aepbj accounts. reNed and the zmtyJnt rf In¢<rn mNable can te mLed rtl•. Refttsl 18 ctsyiitrj Trade otherdebtors are re(xY1 att seilmertamount ¢kn afw arry s5CLwnt offorgJ. Cash at ba and in hd 51Krt-term Liablths e recognised a5 as SO as thwe k8 8 I or CCnS¢ructi¥t (.jaan wnrnrtting tIN¥ Charity lo that twdthr•. rt is k¥cOab that wll te arrKsunl of the ct•lpaab"on b• measured reliatAy. Repairs to worety a far9ed to Iha Slaterneftt DIFinaKpl Activities when in(xJrred. are trea as eXthIre when by tr Tnjstees and gJmmunic8t•d to the befiefityw'es. nc4 whw the 9ran¢s are paJ. RenlaL% I¢S are chargwj kj the Staknnt of FInar1 Actimtss as twfal du?. Staff pertsn are maje d8[a [bbon5 scheme, aThJ furés are Indedent insuTrDce crynpanw. w"ty eyi5ts uTrJ8rthè sclwé &xwt amCnI ofthe ClI1bb.0$ thor9 in Ihe year. l olhor Crhea1$ lextept CLsts. to (knr•rtsl. habt t1 been all¢xxted bthews the cn thè basis tot slaff ccsts. l assgts co8rwJ than £1. ¥olwJ at htclc8l Equymwt offKe kni[? is d8prEciated so as 10 wrfte dfover thwr 8xFeded ustrfvl li$ at o r of 10% Fer annum on a stravJM line basi$. ox1 fcrf the sysiem whth is dep401ed $0 a5 towth it off ow Ihree years. Tr trusio8S r the Val of Marshall House io 3rth rfs carryiry Va n the acceAJnts res"n9 in a nil I serwrities1gerral tre slthm at vatL wcwbBS a valwd at fair v. AJI gan5 kEses 8¥e len to I StsIeTr¢ of Financial ALwbè5 as art. Realsod w8 b55e5 0 ir wrch888 vabje rf acqu¥gJ to the rt day of the fjnarKyal Jar. Unwliw gains aTra l)5s•s e cdculated as be8fi Ih8 fwrvaluD at the year end arbj Ydlue. Realtsl ar#1 unrnai8ed ¥8st[nE9s ar h)sses a cwL¥rd the Sl2lJTrth ol Fin

Marshall's Charlty Notes to Ihe Accoiinis forlhe year effFded 31st December 2022 IC0FjIvedl 14 Accountlng Polld•s {eontinued) Fwd5 r•quirvd byth• CharityCOnmslS IANsm"1Yj orothow caprtal in the chathes 0>al Inve5tswt Fund ICOIFI the Equit5 In¥8Stmnt Fund forChars, The managers do Mt p)ItSh detsib of uicome a¢rJJmulations thpRfore securibes shcw4n Ot Mat value aTrJ ihe fijrbts are aliud arvropraety. Th• Ch41ty hgs 8 5iTrJle WMaTrt endo4TrnL The trus* tho wr5 to in¥esttho capital I POTPObJty and apptylhe irKLThto the general 0$¢$ ofthe Charity. mam•tylo provbje thurth and parxw grants. Futhr deiaib ¢fthe efid, reslriLed ar•J Unrestric a ift nfAe il. In the opF4Katson ofthe p)IKxs. trustees are q1r• to mj¥J1)NTr( estknths. and assumptyons abovt the ¢arrwr¥J value of a55ets and luqblths that are rJt aFv¥errtlffl thr$our¢4$. The 8Stimato$ and undellwr#J 8syJmptior a based on htsti)r eypernce and otherfadors thatam conspjered lo be relevant The•stimals and ufftder assumpknsar8 on an orrfJowMJ bath. Re¥igwsio accounbng estlmates are )iSed in the [£d n whith the •stimate r6 reed rf tho affeos ontythat wod. or in Ihe perv)d of the revision luknre F¢Th)ds rftt revision ¢JJrrert8nd fvre peri>J8. finanoal $t•¢ements and e5timth5 rBk of makrial in n1 yoar t¢ b• pktion to the thprelaation rat88 of lang1& f• assets and ¥aluw)n ofpffjFerts are0$$e4 above. In th8 VMV oflhe ¢ruste8s, no (XmI) the frjlurtw e¥bm#lpJn uTr2rt¥inty8ffecbng 85sets or liabiltss at Ihe balan sheeidate a likety to ul in a pJ$bnI tothe¥ ¢arrwrs amwnis in thè nèxt Basi¢finan¢ial instrumefits are inibajty recogn at trartsadJn ¥ab and gJbsaquently measured at amorti8ed yth the excpb"on olinvesknents whh afy l&J at faif value. FinaJaI assets held amorb8ed cost oJrty*e cash at bank and in hand. tcgelhar trade and otherdeb. A ¥¢ift pro¥wn is maye lor debts for w reo)verabilly in doubt. Cash at bank and n hand ts defvbad as all cash hgld in Instant alxxss bank oCCOUrts and Used as wortong wrtal. at awbsod oxt all credlors W sodal $8oJiity aThJ othei taxes and pro¥trans.

Marshall's Charlty 15 Note¢ lo tlie Accoiirts lor Ihe year8nd 31st Ccember2022 ENDOWMENT FUNDS WBhal Hous• Fumrtur• & Cryt•r & Equiwiwl Equyint Totsi Co•t OT valuation At 1st January 2022 Athon$ at Cost Transfer to inssfftnl propertss Al31$t De¢wnter 2022 758.799 S.LMO {1&3,839 52,593 831.952 9,515 163, 4.475 25.035 $2.S93 Depre¢•tiiin Al 1st Janry 2022 Charge lorthe year A131$t Dwmb8r 2022 18.744 675 19,419 71,337 875 N•¢ eook Valu• Al 3151 Decem1 2022 Al 31st 0tr 2021 5.611 605MIO ChrBtchurth, thwark bJrft and is mavtsned by the Charity in a¢(udan thè al John Marshall. The Trusiees fully maintsin the thurch on ihe b8sis irwdx)ns, and do not consder that any u8eful pUoSe wjufvj i served by v4uing the land aThY bU1n9$. The Tru81ees have th8refoTB th(ided to i¥ry the Church at nil valualw. Part of the firsl and second Ihxx5 of Matshall Hse. SouttThvark aw th• offw of the Charity. Th prcpety is I[uded in ts actots at a value of£600.CW. I fL¥&J a5s¢ts affj us&J lof wrF#XaS. Fr•ohold$- Group and Charity ENt)OWllE141 FUNDS Charity Group 2022 20 2022 20X Op8ning balanc• at 1slJanuary Z022 Tren$f&rfrdm assets R81•ti &Iarend 13.509.790 12.705.W" I3,.Th) 163,839 163,839 (1.1)53.0521 .830 {1.053.0521 12,581. Cbs9 bakrKe at 31st Decwbtr 2tr22 11620An 11 12A70Jn The rA>siof Ihe ChaFWs freelKhJ woperfw at 31sl D8rner 2022 was £4.915,753 (2021- £4,T51.914). The cosi ofthe Grovp freeho prt¥)erts at 31st t[ter 2022 was £5.031.1611202f- £4,867,322). The PrOrty portfcs was val1 by Chanty$ Sur%. MrJ Keegan, MCIAT C.BUILO.E MCA8E. The valuab)n $ on bass off8r Val usiThJ th• r•d bcd( vabjation. freBW p¥(wtes are siWaW in Urxw lfjnydom.

Marshall's Charity Noles lo the Accounls for the year ended 31st 0mber 2022 I¢}111?1dJ 16 Secufilies. Group Ind Charlty Tolal Tolal 2021 Al&et Val at 1st Jww8ry tr22 9,313.ei)5 8.284,2 33,254 1419) Sele ofuNestments {393.7111 AleIg&n10Ssj on revalu8kns dtKitW#r {$86.$281 1,015. Mthet valu8 at 31st Drntr 2022 8,332,947 •J13A Hi8tc¥Thlcost8t 31stLknber2022 7.510. Inv•stm•nts 2022 2021 An11$ af •Kurti and %ecurllle¥ ne UK Investsnenls 24V73 241J69 8.217P98 I313MQS 114.951 248 373 241.359 8 33 947 •.313. rot Investment In Tb8Id1ary company- Chity In 2Cth. the Chanty fcffned Marshavs INAt RNr Hc¥Jsel Limthl, a cnpanY r89istar8d in and Wales. The Chanty the entire share wtal of£120,IX(l. The )mwy 8ts4uirèd a frBehobJ ground rent in &IIDrd. art ¢ong4bbJ on ¥ line by lir basis in the Statement ol Actsmtss. The resutts of SLth¥Jgry for the year endeA131 D&2mbef 2022 afe.. ENDOWMENT FUNDS 2022 20 Ineom• Incoming resources andnolsuiplus for r•nlalirKoff L&s& Pay110 bo madé )d8r GitAklÉo Matshals Gfyarty 4.289 4.289 148,592 148.f Fd$ Share Cy R8valua&on 120.1 28,W2 120AXI 148.$92 148A92

Marshall's Charity Notes lo the AcGoui7ts for Ihe year ]ded 31st December 2022 (Gonlinuedl 17 6. Inv•stm•nts- Sp•clal Purposes - Group & Charlty RESTRICTED FUNDS 2022 2021 Ch8f7tias Offjual InSIDnI Fund. Accumulalnn sha8 Equithgs Inyesimenl Ftmd forChaffts4 ACCunl81 shèms 436.933 437.27 2022 2021 Mov8rrthtduring the yaar Marfret value 8t 1 January 2022 Acqwsifrons atcost Tran3feriO unrnstrlctsd Ngtgfftqk)ss) on valUall dtry the y M4rkotwalug at31 De)ber2022 2,033 441,24 {33.2 15.795 2022 2021 Investments ¥ew959nt th8 fol fiJThJs'. Funds tr accumulation 01come tscapitalws 15Q218 722 154.8 Fdkn¥ing th8 dvectK)n of Chawity Commisson, the Crity ei5hed a swiknng fvnd in 1983. wa5 for accummulab.on of inrne tty rpplw èarb&r caprtal extnditure. Th8 Ordef vill expire in 2033 ¥thèn thè vu of the Irsvestr holth.ng at that date will be transferr&J to IFweslments. Ganwal Purposes. Dèbtoys and prepayiits- Group & Charlty UNRESTRICTEQ FUNDS Group Ch#Aty 2022 2021 2022 2021 Rents due from tenants 8nd8gents GiftAd& from subsl8ry othèr debtors 119.473 '1, '149.1 119,473 4,289 6,926 130.688 149.221 Loans to Churches- Group & clIty UNRESTRICTE£I FUNDS 2022 2021 Arnounts set askle at the baL8e ¥let dato to rnak• loans to chUrcS at an interest wats of3% Offers of loan5 rnajè but not l•n up al 31 tcemtrnr 21P2 Loans outstandNng èt 1st Januwy 2022 Loans advanced d(mng y98r R8payments receNed during the ye Loans outstsnding at 31st DertEr 2022 Inlergst r•caib*d in ts year

Marshall's Charlty Nores lo the Accoui?Is lor the y8are17ded 31sl L)ecember2022 Icoi?thiue(JJ 18 9. Credho UNRESTRICTED FUNDS Group Charsty 2022 20 2022 2021 Grnnts approv8dbut 531.791 584,891 531,791 hekl forfijtuffj repaKs Rent do"ts h¢Idrtrtgnts (see bel(n¥) Value add8d tax payab18 otherGTrditors and ualS .4¥ 103,7 eo.625 10B,299 36,407 77.977 1(.299 36.407 77,977 103,7 36.SN 81Sm9 . Rènt d*poJits held for teTr•nl• Thesé rèwssent the liaLty fLY rBnt deFwits oftenants fubjre pe1$. The cornpertsatirvj deposits, in the narne ol the Chanty, arn Ind in Cash at and in har. 10. R•strict•d Funds- Group 2022 B•lane• Transfern Oth•r 1.122 Galns and Balanc• 31.12.22 Endowment Fund a5411.017 {2.0332911 20.606.721 Funds lOrAcmlafy0n of InGI)np for cats1 PU0888 Developm¢ Fund ChrislGlJurch EKtraorthnary RwrrFtfftd 154,632 {5.116) 150,216 250.(KK) 337.401 1679) Total Lxher Restrlcled Funds 741033 S.795 736.938 Totsl Restrlcied FundB 1039,080 2021 B•l•nc• 31.12.21 1.121 Galns and Losses Endowm•nt Fund 20.720.n8 1.819m 22W.IY17 Funds forAccuffiUlat of Incomg forcw" al Purposes DevelopnnIFud Christhw¢h Ex¢rf¥thn4ry RepairFund T29.7 250,1)XI 700 24.025 154.632 250.CQ) 311.340 59,315 337,401 Total Other Restricted Funds 691.247 132.054 742033 Tolal Restrfcted Fund8 21A11. 1,901619 23.282.Ofj0

Marshall's Charity Notes lo the Accou171s lor Ihe yearei)ded 31st Dember 2022 {COI?tiniiedJ 19 10 lconllnuedl Rerf¢ted Funds- Charlty 2022 Balle 31.1222 1.122 G•lng •nd Losse¥ EThdtyerrt Fund 11 03 Funds lorALrumulatth of Iftme lor Camal Pu)Se8 Development Fund Christ¢huffh E¥trac¥dinary Rep8irFtllx 154,632 7C (5,116) 150.218 2S).C 337.401 1679} 336.722 Total Other RostriGtsd Funds 742.033 7J6.931 Total Rostricted Fund8 16.OTa 2021 Balanc• 1.121 BaL•nce 31.1221 Galns and Endowm•nl Fund 2i691146 1.819.279 21811.425 F(mds f0rA¢Gvmat1On ol In¢om8 lor Cwtal Developmgnt Fund 129.7 7LKI 24,025 154.632 250.CKII RopwFund 311,340 133.254) 59.315 337.401 Total Olhef RestrfGt•d Funds 691.247 31564 03.340 742,03) Total Restricted Fund8 819 23 ¢)th$r R¢stncted Funds ¥wre set up fo17r Chity c{mISon for Iha lolkthiThJ purr).. al Fund$ for Ac¢umuladon of In¢orn• lorcapllal Pury>o Undef the terns ol a Ch8rity cC¥nmiss Order inc(xne is us&J to recoup Capilal moTh•s eynded on freehold prLwrty improVwrnls armj a interest in an investrnent p•. bl D•v•lowent Fund An annual transler from InCe Of£25.( is alSoed, and the fvrtd may ba 4)pd for th? purchase of18nd orfv and improvwent oflhè 0ty ofts Chanty. ¢1 Chri•tchurch Extra01nary Repalr Fund Transf•ts rnay te m•Je to this from irbxffje aTrJ fv fwyj may be used forthg rw)air. Impr0Ment or rtbuihlir4J ofChristthvr¢h. South.

Marshall's Charity Notes to the Accoiints for the yeer ended 31$1 December 2022 (conlinuedl 20 11. Analysls of Net As8•ts between Fund$- Group 2022 Fixed M8t Currort (UaNISUOBI Endowed Funds 21,3C&.140 21.309.140 2.414 {802A14) 20.5Cfj.728 20.606.726 Rostrlcted Funds Dèv&lopm&ntFtmd Funds forAGctttnu18tion of Income for Caprfal Puws Christ Chtsrc E¥tr80rth'nary ReprFIld I.216 150.216 336,722 486.9 Unfestrkted Fund8 Unallocated Incomè M8tsh8lls Charity 1.254.089 1.254,Q89 140 753 2021 Endowed Funds 23,3C4),7&% 23,300,756 60,739 1760,7391 22,540,017 22.S40,017 Restrlcled Funds D8vèlopmènt Fund Funds lorAc¢umulation ol 250.fMXJ 250.0 154,632 154.632 Cknsl chu E¥ttsorthnary RgpwFund 337,401 491033 337,401 742.IM3 Unr•strict•d Funds Unallocatod lrtome mah811'S Chanty 1,rA6,280 1.099,534 4W403J JS,541

arshall's Charity Noles lo the Ac¢oiiiTls for rhe year eilded 31st DeceffliEr 2022 (contiiiuedl 21 11 Icontinuedl Anafysis of Not Assets b8iween Funds. Charlty 2022 Il•tCurr Tolal ILlablMUgsl Endowed Funds 21.285,140 21315,140 807,Wfi} I7,061 20.478,134 20J78.134 Restrictfjd Funds DevelopmentFund Funds forAccumulation ol Income forcw" al Clvist Church E¥ldinary R8pairFund 250.IXKI 19).216 1X¥.216 7¥938 Unrestrlct•d Funds Unalloeat8dlncome Marshalls CIMrity 1,254,089 1,254.089 21A36.140 447,lJ83 .161 2021 G4rLPurpos•s (Llabllill•BI Endowod Funds 23276,756 23.278.766 85.331 65.331) 22,511,425 22.511A25 Resthcted Funds Dev81opm8nt Fund Funds forAGGumulalxNr of Income for C8pitalPutposes Christ Church Extraordinary Rep8*FuTh 154.632 154.632 337.401 491033 337.401 742.033 Unrestricted Funds Unallocated IA8rsh8lls Charity 33.254 1.Cth280 1,099,534 12. Audftorfs remun•rallon The auditorfs renn1 nStitUted an 8lit f¢¢ ot£14,(IXJ12021- £10,c(rJ).

Marshall's Charity Noles lo the Acco(Int• forthe year ended 31st DecenDber 2022 (coi?lffnuedl 22 13. Analysls of staff costs and remun•rntion of kèy managemont personn 2022 20 Sa18ries andassessable betr7efits Sc¢ial s8curitywsts Otherpension conts7bubons 158,349 14,591 174. 12. Av•ragfr number of staff {Includlng fuU41me and part41me staffj Surveyc CXher8dmiinslttive stsff ern0Ments ofone Me)erof staff, are itrin tho ran of£e0,oC to £89,W)12021 rw) one). The am0M¢fits ofty)o mwnbgr of 8taff, are within Ihg rarge of£70,OLKI to £79.99312021 01. Thè average nurter crfryloyees duriThJ the yew was 312021 . 3}. AJI employee time Invol¥e$ sukwrtto tre trnan ofthe diarty, insbnent MageTht Of $UPP¢)rt The Chlty c(SlerS its key Managlert Fetsonnd comwtse trusteès, the Chf Extrcuti tr Sumyor. The iotsl empwnent berffts indLJirvJ empbyer pens*)n cijntritrmjticfis ofthe key manag•m8nt P8NJnn81 ra £156,45312021- £170.2481. No trusloo re¢ths Y rwnurer8lp tt Charity. norEre any eynses re4mbursed to truste¢s payment to a third party12021 - none). TnJst8es Vre Th)t w1w)[ in any othertr8rtsadJ"on wrth the Charity or 8ny latj party (2021 . TrTh). 14. Inveslment Incom• Group Chaiity 2022 20 1.038.763 9aS.836 248.373 241.359 3,416 1.034.474 248.373 3,416 4.289 1037 UK L)vthnds & intestOn secwii 0th8rinter8st GJftAKtpèymgntfrryn Alwshalls (P411) Lntr¥tsd t%herin¢om8 241.xg 1037 1.291689 1229AU 1392 519 1329A•• In 2022 the iwtr))ent income was all reSl6 fij. 1& Acllvltles for ralslng funds- Grnup 2022 2021 NvKomen COltt FowdalKJn I"NCP}, a chanty kwvidirvJ grants to young reople in Ihe London Borough of Soutthvark. 15 akn b¥sed in Ihe Offi of Marshaif$ Charity. Al the •nini51rati gt b)th tharitiÉs are paid by Marshall's Charty. in return for th.ch NCF pay4 an agre8(l annual C¢inIstratIon charge.

Marshall's Charity Noles lo 11)e Accoiiiils forthe yearended 31sl December 2022 (Conti1?tdI 23 16. Allo¢ation ol gov•mance and support costs The breakdown of suppryl costs ar¥1 hrnv thes•w alloL¥bJ l)el%w GThm)c• other suppJrt costs B shown bo1(w. 2022 supryxt cc6is TOTAL Apporknonmeni Cogttype Slaff u)sts (rtofe 13) OlTh¢e costs 8 ovortwds 7.147 202.847 108.401 311.138 209.794 Staff tsi 108 491 Stsff bm• 318285 7.147 C4)Sts TOTAL AWK1ment Cojt typ• Staff costs (note qj) OffKe costs & ovtheads 8.841 216.663 101.358 31Q021 223,$04 Staff lllng 101.358 Slaff bnN• 324. 6.841 All staff support costs ha alkxa18d on thè estimal•J basis 0fts snton those categorig8. All otheroverheads (except audrt msts, have W thar9Èd to Mance} have been aloeated beb¥een tre calegorie5 on the baS ofthe total staff $ts. 17. Allocion of govwnance and other supp¢xt costs 2022 2021 Investment&prop8tymainlenance {see nofe 18) Nèwcomen Collett $Pl¥tco$ts (s8e notg 18) SupKth ofParn8g8 grants (see note 18) ResthlKWR ofGhun*6s grnnts (S 78) M8rsh8Ns EdUCatalFoundali0n note 18J 160,986 43.SYi 47, 61,780 2.918 48.477 61.886 31

Marshall's Charlty 24 Noler lo Ihe Accoui?Is for the yearended 31st December 2022 (conts.niy? 18. Expgnditure 20 TOTAL Cost of r4l•lng funds 160.986 180.986 135.039 296,025 43.588 34613 Directpmpty cests 135.039 135,039 160. 136.039 2M674 StpC¥tor Parsonage grants (s88 nots 23? Restaon of Churches grants (see note 22) Chlisl Ch4M¢h. Soulhwa Matshalls Educabonal F(Mdafr AA Sainfs Cljurch, &amford 315, 282,824 84.929 48,477 364.442 61.888 344.710 84.929 38.782 7•01D 113,711 863,049 318.285 1.181 334 2021 TOTAL Cwt of r¥i•ing fvnd¥ Investfftgnt ManagoThntfves 169.144 189.144 120.857 290,Q)1 43.571 333,f12 120.8S7 120.857 169.144 43,571 211715 N0wGonD CdlettsUwIGOsts (se8 Not8 17) 120167 crItable actlvitie• Support of Pa(VYage grants fs8e nots 23) R&storèli¢)n of chhsgr8rtts (S not• 22) Christ Church. Swlhwa Mètshaifs EducèlionalFcwndats &amford L6¢tumshp 256,624 359,854 155,728 47.465 JJ4.089 81.7e6 421.620 155.728 36,012 8.274 2.916 8.274 813 11 934A33 324862 9.295

Marshall's Charity Notes lo the Acooiinls for Ihe year ended 31stDecember2022 [cli11ue{1I 25 19. Operatlng Lease Paymonts Ai 31 DeCernr 2022 the Chlty has nCrfbearlLgbbe operab.ng leases as 2022 2021 Plant & Equlpmgnt Payablè one year Payable in the Sok fillh N8t débt Mconclllatlon stement 2022 Ch Flow$ 31.12.22 01.01.22 Finance laase liabilitS 2021 Cash FlowJ 31.1121 01.01.21 Finance e I'abrfiti8S 20. Opgrating Leas• RK•lpts At 31 Der£rrthr 2022 th& Charity has norrfan¢llab oparating ase I0 as foltrths". 2022 2021 L•a$e rental Income R#c&vable year R8cwvablg An tlre s•cortlto frflh years Rsc•vablo aftgr 5yga 725.386 1.334.387 281.633 T27. 1,2CS.IJ2 351. 21. Reconclllalkm of n•t movement in funds lo not from operating actlvltlos 2022 2021 Net InCom[eXPendItUrnJ forthe rnpothg pwd(aspw the stst•ment of financlal aCtfvIOs) Oepreciafton t8iyes Le[GnS) ty) vestMents Dwidends. InteTrst8ndTrnls fiDm ins&nents DeCre8sel(InaSe) in (Dacrease) in credito N•tC8sh provld•dby(us•dinJ opating •cllvft {1.883.831) 1,913. 675 2,039,088 (1.902.8 11.2W2.589) 11,229,4 23,9)8 13,11tt 38,049

Marshall's Charity Molps fo the AcGO£JI?ts for the year ended 31sl 2022 Icontiiiuedl 26 22. CHURCH GRANTS 2022 2021 Chu AJI Saints. MaK1stor All Saints. St2nfor¢l St Mary the Virgin, C331VJton t J(wE ts B#pty#l. Turb6WI 10, G(4lLtrd 10.CP)) st Arthw, H8tton Hoa St Wilsford I Saints. PhxhOM Pbly Trinty, W & E Alirylon Stwulfram. Gr8ntham St Fklen's. Stsd(ford St Peter & Paul, Old Bollrvje AJI Saints, Ntsth Scarl• St Marfs, Greenhithe St Matys, Gnhrftie Sl Mary the Viiioin, Ch st Marg•rof3, HorsmtsJtrn StAugustin8s. SlJ& Gr88n St Mark's, GilliThJham St Michael's, BetclY4¥0fih St Ggorg? th? Martyr. Shirkny St Mary Ilp Virgin. Wglkng StThomas, Old Chartton St Mary th8 Wirgin, Oxknj St Peterfs. Vauthall st Edward Ihe Cfe$, k4JltirWan SL¥hhwart( 14. St Rich¥d.Ham StJohn tM Baptrt Maklan 10.C sa, F lo. 12,CO) 10, Jrn. S1th Jckn'$. 10, 7.1• len's. E•5t Ke•1 M•ly"n. l• Alarsh 11. 15. 10. P•W$. RwJy 18, &xAhbvarft 10.Cts) P•uf8 & Al Sts, C1h¥ 10, Pathirw•. Craylim I S•ts 15. 15. 11. 10. 10. 15. 15. pa8. aaD Tthty. Chwtt 371, Less can(4kUrJ)s 111.1 282m4

Marshaifs Charity Note.8 lo thp Acc01117ts for Ihe year ended 31U D6MOe1 2022 (contNtr4ts 23. PARSONAGE GRANTS 2022 2021 To Totst BaThJc Bath&th Bimir#Jhwn Blackburn Bristfjl Canterbury Chdm$fud Chester 7.110 5.1 7.110 5.1 9.4X 4.1 749 e47 4.180 10.910 4.1 IOS10 11.gP2 10310 4.IKI 13.4 14900 10.95Q 10.330 10,3>) 6220 10.310 Dety 7,1 1461 S.110 445 Gl>J3t I1thrd 4.4 4no 4635 1.015 11240 11240 Uchfiefd 12 112X+ 4940 4.$78 UaThJaff 1.714 7,814 15,070 9.420 10 4,410 14070 MarKlst Monmollh NeArAsI lo V40 &160 3.1 5,1611 1323) 5,810 4.1 14220 4810 4180 12.4CiI 12Ary Petertmwh Portsmouth R(Khester Salsbury Shef(d 10.738 6.714 11.010 11.810 &314 stAlbans st D8wd8 St Ed$ & IpB*lch Swameo Truro Winchesw a.837 2W 4180 11 319.145 4.1 York n537 241710 28•,1•2 ¢40) 13.1 19.9361 12.6fKJi IiZ5381 Totsi Grants

28 Marshalvs alarity Oplnlon We have audited the finKa1 Statements of Marshfs Charity ifv'tharivl for the year ended 31 December 2022. wthith compw the Consolidated sts1efft of Financial the Charity Statement of 6na)oal Actiwties, the Consdtdated and tharity Balw Sheets, the Cmsolidated Statement of Cash Rows and the related notes. iftduding a summary of wdnrfiwt accountong PDliae& The finantial reporbng framework that has been appl in thr preparation 15 aplicable14w and United knd0M knounting Standards, induding Finanaal Repo Standard 102 The Finandal RepNDn8 Srandard applioble in the UK Republic of Ireland, (United fin8dom Generalty Accepted Accounti Pr•dite}. In our opinlon the financial statements.. 81ve a true and fair view of the stste of the charivs affalrs a5 ai 31 Decwnber2022 and of its incorning restyJrces and appllcation of resourtes fLY year then ended.. have been proptrty Prepar In attordance with Unlted Kingdom Gener1vcepted Accountin8 Practice; and have been prepared in accordance wlth the requlrements of the Charities Act 2011. We hwè been appolnted as auditor under secthn 144 ofthe thtIeS Act 2011 and report in accordan with the Act and rderfant re8ulatity)s madt ty having ¢fftrt thtreunder. We ttnducted ouraudit Sn accordance with Intemational StarKlards Audlun8 IUKI IIUS IUKII and applicable law. Our responsibilitie5 under thos¢ standards are lurther destribed in the Auditors. reSpS[bIleS forthe avdii of the financial ststements sectim ofour rewl. We are independtnt of th th¥rty in actordance with the ethical reqU1ments that are relevant to our audr( of the financial statements in the ljnited Kingd. indud1 the Financial Repon8 Council's IFRCsl Ethical Stsndard. we have tuffilkd ¢wr otherethical reSpotHIrtes in att¢rdan¢e ¥Ath these requirements. We bdieve that the audit e4th)ce we have obtained ts sufficient and appropriate to provide a bas lor opinion. In auditing thethnantial stsiements. ¥rt have conduded that the Tru5tett' use of the go1 thrKem baw's of accountin8 in the preparation of the fin•KSal S1aterrtS is apw(yiate. 835ed on the work we have perfornRd. we have not identified any rna31 uncertaintles relatin8 to Lwents or condition5 that. indiwdually or¢dlectNety. cast Signifant dotht on the chariWs ability io continue as 80in8 concern for a period of at ast 1Ve months from when the finarKial ststernents are authorised Ic Issue. ¢)ur responsibilities and the responslbilitits of the Trvstee5 re¥>ectto going concem are descrlbed In the relevant secti47 of thls rewt. Other Informatltyn The other infofmation comwSses the knfomution 5nduded in the Annual Report other than the finandal statements and tyjr Auditors. Report thereon. The Trustees are resW5ie for the other information ¢ontained within the knnual ReporL Our oplnTron on the financial statements does not cover the other Informati ¥TrJ. exPt to the extent otherwise w1itl stated ui our repoo we do not express any forrn of assurance condusion thereon. Ow re5ponybllrty & to rèad theother Inforniatson and, in doingso. ¢£ffisKlerwhtXher the other Informatlon Is materialty Inconsistent wlth the finanaaf 5trtemÈnts or kncvWe ltned in the Coufse of the audit, or otherMse appears to be materialty misstated If we identify such matffial in¢onster)¢Tres or apparent material misstatements. we are required to detemine T•thethtt thsgives riseto a material misstatvnent in the ffinancial statements themselves. If. based on the wofk we have p&fomied, condude that thue Is a mater411 misststenRnt ot this Other informati. we are required to res that facL We have noth11 to rwrt in this rn8¥d.

29 Mattetson whkh we are rewlred to opryt byèxcepl We have nothing to report in respect of the fdlowing rnatters ¥there the cha11t$ (Accounts and Reports) Re8ulatlons 2( requires us to report to you if. in our opinion= the information 8iven in the Tru5tees' Report is inconsistent in any material respect with the financial 5tatements- or suffident accounting retords have noi been kept: or the finandal statements are not in agreement th the accounting record5 and returns; or we not re1Ved all the rnfrymation and expl3natiMs we require ourzudrL Resp0nsbblle5Ot trustees As txplained more fully in the Trustees. ReSPS¥bilItieS StatemenL the Tnjstees are responsible for the preparation of the financial statements, vknich give a true and fairview, and for such internal contrd as the Trustees detemiine is necessary to enablethe preparation Offino81 statements that are free from material misststement. whether due to fraud or error. In preparin8 the tlnandal ststements, the Tnjstees are responsible for assessing the group's and charity's abillty to ¢ontinuè as a going cOnrn, disdosin& as ap1¢able, matters rèlated to goin8 Ccrn and using the 8oln8 concem basi5 of a¢ntIng unless theTrustees either intentl to liquidate the group or charity ort cease operations, w have no realisti¢attemative but to do so. Audltovs, re5pon51blltlesforthe audlt of the finandal stalements We have been appointed a5 auditLY under sectyon 145 Of the Charities Art 2011 and report in accordance with the Att and relevant regulatTh5 made or having effect thereundw. Our objective5 are to obtain reasonable assurance about whether the flnanoal statements as a whole zre free from material misstatemenL whetherdue to fraud or effor. and t0 155ue an Auditors, Report that includes otrr opinion. Reasonable assurance is a high level of a55urdnte, INJt is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Mi55tatements can arise frorn fraud or error and are considered material if, individualty or in the aggregate. they could reasonably be expected to inffluence the economic decisions of users tsken on the bay5 of thesè financlal statements. Irregularities, 5ncludi fraud. instsnces of noTh<0mplian with laws and wulatI5. We dt5gn prcKedure5 in line vAth ourresponsbi ilities. induding fraud.The extent detstled below: Wegained arn understandir* of the legal and re8ulat(wy framework applicable to the Charity and the sertor in which it operatès and considered the risk of the Charity not complying with the relevant law5 and regulations intluding fraud in particularthose that could have a material impact on the finarKial statements. This included those reeulations dirert relateij to the financial statéments. Indudin8 finanoal reportin8, and tsx legislation. In reLaON to the operations of the Charlty this Induded compliance wth the Charitiès Act 2011. The risks were discussed the audit team and we mained alert to ary indication5 of non-cwipliance throughout the audit. We carried out 5peafic procedu to address the risks identified. These included the followin8'. RevSewSng minutes ofTrustee Board meetinBS, any crdence wtth the tharity Ccmmlssion, 38reeing the finantial ststement disdosurÈs to underlyin8 SUPF>Qrtin8 documentation and enquiries of management of the Charity. We have also reviewed the procedures in place for tP>e reportin8 of any Inodents to the Trustee Board including serious incident reporting of these rnatter5 a5 necessary with the Chanty Commission. Management override: To add5 the risk of management o¥erride of controls, we Carri1 out testlng of journal entries and other adjusbnents for appropriatene We reviewed systgms and procedu5 to identify potential areas of manaeement ovèrride risk. In particular. we carried out te5tin8 of journa entries and other adjustments for appY0priaten We also assessed management

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