REGISTERED CHARITY NUMBER: 209989
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
MARY MACARTHUR HOLIDAY TRUST
MARY MACARTHUR HOLIDAY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 15 |
| Detailed Statement of Financial Activities | 16 |
MARY MACARTHUR HOLIDAY TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES
Mrs K Kendrick (Chairperson/Treasurer) (retired CWU), 1,2,4 Mr T M King (Vice Chairperson) (retired BECTU), 1,4 Mrs E M Elliott (Vice Chairperson) (retired UNISON), 1,2,4 Ms E S Campbell (retired UNITE), 3 Ms C Sewell (retired UNISON), 2 Mr K Mills (retired PCS), 4 Ms Z Hassnain (PCS), 3 Mr J Leonard (Advance Union), 3 Mrs L Sharp (retired GMB), 3 (resigned 12.6.24) Ms J Little Woodhouse (STUC), 2 (resigned 11.9.24) Mrs A Spencer-Scragg (UNITE), 2 Ms N Downes (NEU), 3 Ms J Sharrocks (CWU), 2 Mr F Lake (UNITE), 3 (appointed 4.12.24) Ms A Gowin (CWU), 3 (appointed 19.3.25)
1 Officer
2 Contributor member (Trade Union or individual donated) 3 Co-opted member 4 Trustee
| PRINCIPAL ADDRESS | Unite House |
|---|---|
| 1 Cathedral Road | |
| Cardiff | |
| CF11 9SD | |
| REGISTERED CHARITY | 209989 |
| NUMBER | |
| INDEPENDENT EXAMINER | P B Syddall & Co |
| Chartered Accountants | |
| Grafton House | |
| 81 Chorley Old Road | |
| Bolton | |
| Lancashire | |
| BL1 3AJ | |
| BANKERS | CAF Bank Ltd |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Malling | |
| Kent | |
| ME19 4TA | |
| INVESTMENT ADVISORS | Rathbones (Previously known as Investec |
| Wealth and Management) | |
| 100 Old Hall Street | |
| Liverpool | |
| L3 9AB |
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MARY MACARTHUR HOLIDAY TRUST
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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is a registered Charity number 209989.
The Charity was established by an Indenture and Trust Deed dated 19th September 1922, updated by a Trust Deed dated 16th November 1990 and further updated by resolutions dated 19th February 1991 and 9th July 1991.The object of the Charity is the relief of women in need by reason of age, poverty, infirmity, disablement or social or economic circumstances.
The Charity is administered by a Management Committee made up of the Chairperson, the Treasurer, the trustees and up to nine "Contributors" who represent their Trade Unions actively or have contributed personally. "Contributors" are those who contribute not less than £100 to the Charity in the twelve months to the 31st of March immediately preceding the relevant Annual General Meeting. One third of these members retire every second year but are eligible for reappointment.
The Committee has power to co-opt people for special purposes or expertise for a period not exceeding twelve months. Co-opted members may be reappointed. Elections took place during the March 2025 Annual General Meeting (AGM).
The members of the Committee are set out at the front of this report.
On 31st March 2025, the Committee consisted of 13 members; three Officers, four trustees, seven Contributors and five Co-opted members, some of whom are in more than one category. We are looking for the vacant positions to be filled next year and to appoint a Patron.
The aim of the Charity is to offer women in need possibly their only chance of a much-needed holiday. The report explains how that aim is achieved to the public benefit and to our benefactors' past, present and future as to how the funds are used.
The objectives of the trust
Grants are funded by the Charity from the income from investments and donations.
The Committee confirms that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities and setting the grant making policy for the year.
The Committee is satisfied that in deciding on grants awarded, how to fund future grants and in all its activities it is complying with that guidance.
At each meeting the Committee receives details of applications received. Each application is considered carefully and a decision made
In the year 2024/25 the Committee awarded 95 grants. 136 applications were received in total with 27 being refused and 14 not being taken. This compares to 88 awarded in 2023/24.
The Charity seeks to continue and expand the charitable work desired by its founders by inviting donations and through the careful stewardship of resources.
During the year to 31st March 2025 the Committee met on 12th June 2024, 11th September 2024, 4th December 2024 and 19th March 2025. With the exception of the March meeting, which also included the AGM, these meetings were held using the Zoom facility.
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MARY MACARTHUR HOLIDAY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT cont.
At each meeting the Committee reviewed the finances of the Trust and budgeted for future holidays. It considered every application for a grant received, whether the applicant met its criteria and whether a grant should be made in each case. The ultimate decision on whether or not to make a grant rests with the Committee's discretion.
Applications for holiday grants are made to the Administrator Mrs Andrews using a standard application form which is available on request to her or from our website. Every application must have a sponsor.
The Charity tries to provide as many holiday grants as possible in each year. The maximum grant is usually £350.
The Committee believes each applicant benefits from making her own arrangements for a holiday. Grants have been made to women from all walks of life. Provided a woman is in need, meets our criteria and funds are available the Charity is happy to help by making a grant regardless of her background, faith or ethnicity. Help has been provided for any type of holiday. Holidays are mainly requested throughout the United Kingdom but also across Europe with occasional requests being made for contributions towards holidays further afield. The Charity knows its help is appreciated from the feedback received from those it has helped.
The Trust budgeted to pay grants totalling £45,000 in the year. The grants actually paid totalled £35,526, this inlcudes £3,215 of grants awarded before 31st March 2024. A further £350 has been reserved for grants awarded before 31st March 2025 but unpaid at the end of the year.
When making a grant, applicants are given a time limit to claim their award and these unpaid grants must be claimed by 1st July 2025 unless otherwise agreed.
All members of the Committee give their time freely and no Trustee's remuneration was paid in the year. Details of all members' expenses are disclosed in the accounts.
Risk management
The Committee has considered the major risks to which the Charity is exposed and established systems and procedures to manage such risks.
The Committee considers the possibility of falls in the capital value of its portfolio and variability of investment returns on its funds to constitute the Charity's major financial risk. The Charity is dependent on investment income and the value of its capital to fund holidays. The Committee resolution dated 4th April 1996, appointing an investment manager, seeks the advice of its investment advisors as to investments and has adopted a medium risk investment strategy balanced between income and capital growth.
To avoid a beneficiary failing to apply for a grant for the purposes for which it was made, payment is generally made to the organisation sponsoring the holiday application or to the holiday provider. Where it is necessary to reimburse the beneficiary for a payment she has made, reimbursement requires the production of a receipt.
Office Accommodation
The Secretary to the Trust primarily works from home but has access to an office in Unite House in Cardiff.
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MARY MACARTHUR HOLIDAY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
THE FUTURE
The Committee of Management is satisfied that its activities meet an important social need and that this need will continue in the future.
Every applicant for a grant is asked to set out why they are seeking help and the terms of those applications clearly set out that a real need exists for a charity with our objectives.
The benefit received by individuals is confirmed by the correspondence received from those who have received a grant.
The Charity and individual members of the Management Committee continue to increase general awareness of its existence and are actively working towards succession planning for the committee to ensure that more individuals and organisations will become involved in its activities.
The Charity's aims for the coming year are to:
-
Update and improve the website
-
Fill the vacant positions on the Management Committee
-
Conduct a review of governing documents and propose amendments as required
If on reading this report you would like further information please contact: Cheryl Andrews Unite House, 1 Cathedral Road, Cardiff CF11 9SD.
e-mail: cheryl.andrews@mmht.org.uk or visit our website www.mmht.org.uk.
FINANCIAL REVIEW
Expenditure policy and financial review
The members of the Committee of Management are volunteers and the Trust does not employ professional fundraisers.
As a registered Charity it is not liable to pay tax on its income or any increase in the capital value of its investments.
It is the policy of the Committee to spend its net income on the provision of holidays and, where possible, to apply its accumulated income reserves to fund further holidays to meet need.
The detailed accounts of the trust form a part of this report.
The Committee's investment advisers are Rathbones, Incorporating Investec Wealth and Investment (UK).
CAF Bank Limited is the Charity's principal banker.
In the year under review total income was £35,390 (2024 £32,165) and expenditure £71,305 including £35,526 on holiday grants (2024 £61,655 including £24,672 on holiday grants).
The capital of the Charity derived in the main from the investment of the proceeds from the sale of the Mary Macarthur Holiday Home at Poulton-le-Fylde in 1922 with increases and decreases in the value of investments since that date.
The Committee of Management remains concerned that the Charity is heavily reliant on the income from its investments. In the year investment income was £32,290 and income from donations £3,100.
In March 2021 as a part of its review of investments and on the advice of its investment advisers the Trust changed its investment strategy from one of investing at a medium risk emphasising income return to one of medium risk with a balanced return of income and capital. After careful consideration it was decided this would increase the total return on investments and the continued funding for holidays can mainly be met by drawing down on accumulated capital.This strategy has continued to date.
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MARY MACARTHUR HOLIDAY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW cont.
The allocation of investments on 31st March 2025 was:
| Fixed income | 18.04% |
|---|---|
| Equities | 60.12% |
| Property | 5.22% |
| Alternatives | 13.45% |
| Cash | 3.17% |
These percentages change from time to time depending on market conditions.
Investment income in the year was £32,290 (2024 - £30,800).
The estimated income yield was 2.55% or £30,334.
In the year £32,000 was transferred from capital to fund income.
The value of investments on 31st March 2025 was £1,190,866 (2027 £1,224,285).
The Committee accepts the decrease due to domestic and international market conditions.
The Committee monitors the performance of the investments against a benchmark agreed with its investment advisers.
In the year to 31st March 2025 the figures have been:
| Value as at 28th March 2024 | £1,224,285 |
|---|---|
| Value as at 31st March 2025 | £1,190,866 |
| Portfolio Total Return (gross) | +2.99% |
| Portfolio Total Return (net) | +2.37% |
| Benchmark Total Return | +4.34% |
The Charity has received very substantial help from the Trade Unions Prospect, UNITE and the GMB in the provision of office services and the Committee wish to record their gratitude to these organisations for their support.
The Charity has also received contributions from Trades Unions and individuals. The donations are listed in Note 3 to the accounts.
Reserves policy
The Charity believes that its financial reserves and anticipated annual income will be sufficient to meet current demand for grants and provide capital growth. It is, however, very conscious that its income and reserves are subject to market conditions.
The reserve policy of the Charity is to maintain capital of £1,000,000 to £1,200,000. The current investment capital of the Charity is within those margins.
The investment fund is reviewed with the Charity's investment advisers regularly. Income is credited to the Charity's bank account and spent on the activities of the trust. Where desirable capital gains realised are also used to fund activities.
Going concern
The Trustees have considered all available information as to the future of the Charity and the guidance issued by the Financial Reporting Council for a going concern and liquidity risks. They are satisfied that the current likely future assets of the Charity are such that the Trust will be able to continue in operation. They have identified no material uncertainties that may cast significant doubt about the ability of the Trust to continue as a going concern.
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MARY MACARTHUR HOLIDAY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES' RESPONSIBILITY STATEMENT
The Trustees are responsible for preparing the Trustees' Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles of the Charities Statement of Recommended Practice (SORP);
-
Make judgements and accounting estimates that are reasonable and prudent;
-
State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and detection of fraud and other irregularities.
Approved by order of the board of trustees on 10[th] December 2025 and signed on its behalf by:
........................................................................ Mrs K Kendrick – Chairperson & Treasurer
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MARY MACARTHUR HOLIDAY TRUST
Independent examiner's report to the trustees of Mary Macarthur Holiday Trust
I report to the charity trustees on my examination of the accounts of Mary Macarthur Holiday Trust (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.
Adam J Syddall MA FCA The Institute of Chartered Accountants in England and Wales
P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
10 December 2025
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MARY MACARTHUR HOLIDAY TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Donations 3 Investments 4 Total EXPENDITURE ON Raising funds 5 Charitable activities 6 Holiday accommodation grants, support and governance costs Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.25 Unrestricted funds £ 3,100 32,290 35,390 7,550 63,755 71,305 38,375 2,460 1,237,672 **1,240,132 ** |
31.3.24 Total funds £ 1,365 30,800 32,165 8,363 53,292 61,655 120,098 90,608 1,147,064 1,237,672 |
|---|---|---|
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MARY MACARTHUR HOLIDAY TRUST
BALANCE SHEET 31 MARCH 2025
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
31.3.25 Unrestricted funds £ 1,190,866 57,016 (7,750) 49,266 1,240,132 1,240,132 1,240,132 **1,240,132 ** |
31.3.24 Total funds £ 1,224,285 18,402 (5,015) 13,387 1,237,672 1,237,672 1,237,672 1,237,672 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10 December 2025 and were signed on its behalf by:
........................................................................ Mrs K Kendrick – Chairperson & Treasurer
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MARY MACARTHUR HOLIDAY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
Mary Macarthur Holiday Trust is a registered charity in England and Wales. Its registered charity number is 209989.
2. 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the supporters is not recognised and refer to the Trustees' report for more information about their contribution.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis of time spent, and depreciation charge allocated on the portion of the asset's use.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
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MARY MACARTHUR HOLIDAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
2. ACCOUNTING POLICIES - continued
Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gains/(Losses) on investments' in the Statement of Financial Activities.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Taxation
The Holiday Trust is not liable to taxation on any surplus of income over expenditure and can recover tax suffered on amounts received under the Gift Aid Scheme.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the presented value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
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MARY MACARTHUR HOLIDAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
3. DONATIONS
Incoming resources from donations
| Unrestricted funds 2025 £ Advance 100 Karen Kendrick 700 CWU North East Branch 500 CWU National 250 CWU Manchester Combined 350 ICS - Unison West Midlands Branch 100 Royal College of M - Unite the Union National 100 Unite the Union Cardiff 1,000 NEU - Trades Union - 3,100 4. INVESTMENTS 31.3.25 £ Investment income 32,290 5. RAISING FUNDS Raising donations and legacies 31.3.25 £ Investment management fees 7,550 6. CHARITABLE ACTIVITIES COSTS Grant funding of Support activities costs £ £ Holiday accommodation grants, support and governance costs 2025 35,526 28,229 Grant funding of Support activities costs £ £ Holiday accommodation grants, support and governance costs 2024 24,672 28,620 |
Total funds 2024 £ - - - 100 - 500 200 350 100 - 15 100 1,365 31.3.24 £ 30,800 31.3.24 £ 8,363 Totals £ 63,755 Totals £ **53,292 ** |
|---|---|
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MARY MACARTHUR HOLIDAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
7. 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
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
In accordance with normal commercial practice, the Charity has purchased insurance to protect the Trustees from claims arising from negligent acts, error or omission occuring whilst on charity business. The insurance policy provides cover up to £250,000 (2024: £250,000) and the cost for the year ended 31 March 2025 was £366 (2024: £358)
8. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 April 2024 Additions Disposals Impairments At 31 March 2025 PROVISIONS At 1 April 2024 Revaluation adjustments At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 There were no investment assets outside the UK. Cost or valuation at 31 March 2025 is represented by: Valuation in 2025 |
Listed investments £ 1,198,901 59,091 (130,556) (329) 1,127,107 (25,384) (38,375) (63,759) 1,190,866 1,224,285 Listed investments £ 1,127,107 |
|---|---|
Material investments
The charity held the following investments which represented more than 5% of the investment portfolio at the year end:
| Canada Imp Bank Findlay Park Fds American Sterling |
2025 £ 88,586 85,185 173,771 |
2024 £ 83,277 88,189 171,466 |
|---|---|---|
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MARY MACARTHUR HOLIDAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| Other creditors | 5,950 | 3,215 |
| Accrued expenses | 1,800 | 1,800 |
| 7,750 | 5,015 |
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 35,390 TOTAL FUNDS 35,390 |
At 1.4.24 £ 1,237,672 1,237,672 Resources expended £ (71,305) **(71,305) ** |
Net movement in funds £ 2,460 2,460 Gains and losses £ 38,375 38,375 |
At 31.3.25 £ 1,240,132 1,240,132 Movement in funds £ 2,460 2,460 |
|---|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.23 £ 1,147,064 1,147,064 |
Net movement in funds £ 90,608 90,608 |
At 31.3.24 £ 1,237,672 1,237,672 |
|---|---|---|---|
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MARY MACARTHUR HOLIDAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 32,165 32,165 |
Resources expended £ (61,655) (61,655) |
Gains and Movement losses in funds £ £ 120,098 90,608 120,098 90,608 |
|---|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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MARY MACARTHUR HOLIDAY TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations | ||
| Donations | 3,100 | 1,365 |
| Investments | ||
| Investment income | 32,290 | 30,800 |
| Total incoming resources | 35,390 | 32,165 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Investment management fees | 7,550 | 8,363 |
| Charitable activities | ||
| Holiday accommodation grants | 35,526 | 24,672 |
| Support costs | ||
| Management | ||
| Salaries and national insurance | 17,440 | 18,159 |
| Travel | - | 497 |
| Telephone | 836 | 157 |
| Postage | 262 | 263 |
| Publicity | - | 647 |
| Computer | 842 | 403 |
| Subscriptions | - | 324 |
| 19,380 | 20,450 | |
| Governance costs | ||
| Salaries and national insurance | 5,803 | 4,191 |
| ICO statutory fee | - | 35 |
| Insurance | 937 | 978 |
| Telephone | - | 894 |
| Sundries | 249 | 92 |
| Independent examination | 1,800 | 1,920 |
| Bank interest | 60 | 60 |
| 8,849 | 8,170 | |
| Total resources expended | 71,305 | 61,655 |
| Net expenditure before gains and losses | (35,915) | (29,490) |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset investments | 38,375 | 120,098 |
| Net income | 2,460 | 90,608 |
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