Cliarity regislrotion iiiiinb¢Y.' 211941 Charlotte Marshall Charitable Trust Aniiiial Keporl and Financial sta117ents for th¢ Year Ended 5 April 2024 Manninglons J T Strughn 7 Wellinglon Squair HaslÉngs East Siissex TN34 IPD
Cllfirlotte Marsliall Chai'itftble Trust Conteiits R¢f¢iEiiTr at)d Adfftinistifilive Details TrusleES' Reporl 2toJ Siateiii¢nt of Triistees, R¢spoiisibililies IndepedejIl Bxaniiner's Rcport Staten)ertl of FinaM¢ial A¢livili¢s 6t07 Balanee Sheel Notes lo Ilie Fiiian¢ial Sialements 9t0 16
ChArlott¢ Marshhll Charitable Triist Refei'enee Administvalive Details Ti'iistees KBPRg¢ J M R115sell J CosgiBve R Cosgrave Clo Marsliall-Tufflex LI1ted 55.65 Lasil¢liain Road Ca5tleliam Indu5tfial E5tale St. Leonards on Sea TN38 9NU Pi.InclpAI Offict ClIAI'lty ReglslrAtloti Niimbei. 211941 Sollritoi's Barwclls Indcpcndent Finaii¢ial Managem¢nt Services 6 Hyd¢ Gard¢Js EasliK)uYiic BN214PN BAk¢1'3 Catci All¢ii 9 Nclson 8ire¢t B YRdfoKd BDI SAN liidepertdent ExAthinei' Manningtons J T Straughan 7 Welliiigton Square Hastings East Siissex 34 IPD Page I
Chai'lotte Mftrshall Cliai'itable Trusl Ti'usteesl Report Th¢ tJusl¢es pirs¢nt Ihe 8nniial report togethei. Iviih the fittHnoial sthlemenis of Ihe charity for Ilie year ended 5 April 2024. Objectives Aiid AetivitÉes ObJÉcls (iiid alitts Th¢ Tiiist wos forined to dist¥ibul¢ funds eai'jied on tlie capital of th¢ Ti'LisI ig lo two thirds for edilcational religioiis or oihei. charitable purposes for Ilie Romaji catli¢S iii tlje Ujiited Ksjigdoji) as th¢ Trustees Ihiiik just, witli tlie balat)ee of the incojne di811'ibuted for tli¢ charitthble piirposes in ilie Umted Kiiigdom all &ecording to the Trustees dis¢tton. Tljc iiiilial eiidowinent to be lirld uiitil ihe tei'niiiiatioii of Ihe Trust ot) a day ivhicli will expire the period of 80 years froin 5 Septeiknber 1962 or ilie period of 21 yettis Aftcr tlie deatli of the last suNiYor of t1 issue Iiow living of liis late Maj¢sty Kiiig George V whicSJever period 51iall be slioiter or sucli earlier day as tlie Trustees i#ay al any lime afier The expitAlion of the i)eriod of 20 years from 5 Seplemb•' 1962 to be tlje tei'jniiiation date. These funds are lo b¢ distribiited foi. Ilie cliaritabl¢ purpos¢s al Ili¢ TnisleeB dir¢ll0J1 oji th¢ teriEIiE)ation date. Tlie Triisl snviies applicalsojis frojii all cliaTjlable gyoiips eligible under thc objectives of the TTUSI, regardless of Ilie backgroiind, gei)d¢r or persoiial CircuistanceS of th¢ group and it5 In¢i)Ibers. Publlc beiieJ71 Tlis trustees confirm tliat they have coiiiplied with Ilie requireineiils of se¢tioi) 17 of the Charities Act 201 I to hav¢ due regard io the publi¢ ben¢fit gvidaiice publislied by Ilie Cliarily Cominission for Eiigland and Wales. FinxiieiAI I'evlew Pollcji ré.YérvÉs Tlie Trustees Iiave ogreed tliat £5,000 sljoiild be li¢ld iii reserveg in additioii to Ilie Endowment Funds (o meet costs and special appli¢alioiis tllal al'e received. InV¢sinll1p0l1¢y rtndobJÉeilves The Trusteeg1)ave recognEsed that the n)ajority of the irtvesliiients li¢ld by tjitr Trusts are iii t1 Marshall-Tufflex Ltd Group of coiijpanies and, tlierefore, liiyc taken soihe steps to give soiiie div¢rsifi¢alion. Investments Inad¢ recognise the need for income with ¢apilal gr0h bul exposing th¢ fiinds to linTriid i'i5k. Sti'vctui'e> gov¢riian¢e HIMI niHng8cniei)t Nrtliire ofgovernlNg rfociiNienl The Trust was Conslitiiled under a Deed of Trusi dated 5 SepteixbeT 1962 and is h ¢haritabl¢ trust IEgisl¢r¢d iviih the ChaTity Commission. The Triist is Inaiiaged by a Bohi'd of Triislees wlios¢ detailg aTe Shown on page l ivilh the other adininislralive details. Tlie pow¢r of Appoinlm¢nl of n¢w Tntrslecs, rests with the Silrvivors of the settlors. Recriiilnieiil rfiidrtppoiiiliiieul ofii.1151ees Appointment of Trustees is inade iii èlccordancc with the temis of ihe Tiwst D¢¢d. Pol¢nti)I n¢w Trustees are sele¢ted oil lh¢ Y¢con1i¢ndl1OTh of ¢uJretit Trustees. PHge 2
ClhArlotte Mllrsliall CIIAI'itable Trust Trustees, Report JiidficlioR lrniiiiiig of iriiitees All Cur111 Trustees Ate (amiliar iviili Ilie work of ihe Chartty and in addilioii soJi)e 112ve professional or lay knoivledge of the operalioji of Tnis15 #t Cliarilies. Orgtsrtisftlioi¢rtlsiruelure Graht applicalions coinplele a Trust Applicalion Foi'ni with a fainial ieqiiest for funds Ivhich is coiisidered by the Trustees at their first quarte¥s ii)eeling. Lists &re prepared for PAyments of Ilios¢ graiit8 approved and within Ilie Triist's cl)arithble objectives. The Trii$tees also meet later in the year lo consider Jn4nag¢m¢i)¢ aspecls of the Tiiist iiiclilding ¢onsideKin advi¢¢ r¢ceived OEI th¢ Tru5tS ÉIIV¢5ted fiinds. The Trusl's adininislralive activities wer¢ Carried oiil from Ilie premises of tlie Marsliall-Tiifflex Lid group of coiiipanie5 by niembers of the CoinpAtiy's staff. The rl was &ppiov¢d by th¢ tru$te¢g of the ch41.ily on. aiid signed on ils behalf by: J Cosgrdvè Tru8t¢e Trus Page 3
Cliarlottt Marshall Charitable Tru8t Stateinellt of Trvstees, RespoJisil)ilities Tlie trusleeg are irspoE]sible for pr¢pariiJg tlie Iriistees, Irporl and the fiiiaiioial Slalements in awordaiice ivitli the United KÈngdoii? A¢¢oiiiiting Standards (United Kingdom Generally A¢cepled A¢¢oiiiitiThg Practice) and nppli¢abl¢ law and regiilalions. Tlie laiv applic¥bble to chafilies reqiiTres tIEe trustees lo pr¢phre finHI)cial 51atEmenls for eacli fiijaiicial year wliicli giv¢ a Irue ajiil fair view of tlie slate of affaiiB of tlie ¢lihrity and of Ilie incoii)iiJg resoiiires and applicalioii or I'esouires of Ilie ¢liaYity for thai period. Iii pi'epai'ing these fijiancial slaleineiils, Ilie Iriislees al'e reqllircd to: S¢1¢ 8111tbI¢ a¢¢oiinling policies aiid then apply flie1 consi51eiitly' observe Ihe inellioils aJJd prijiciples iii tl)e Cliayilieg SORP. make judgeinent$ aiid eslimates that are reagollable and priidejit. slate wliether applicable accounting standards have b¢¢t) folloiyed, subje¢t to any material departur¢s disclosed &iid explaiiied in ilie fiiiancial slateiiienls; and pr¢par¢ the finaii¢ial slaten)enls ort tlie goiJ)g cot]cern basis unless it is inappropriate to presilliie Iljat Ili¢ ¢harity will Continiie iii busine5S, Tlie Iriislees are respoiisiblc for keepii?g prOr accounlii)g recorils Iliai disclose with re&soiiable aeciivaey at aiiy 1im¢ ihe finanbial posilioR of th¢ ¢artY aiid ¢nable Ih¢i)] to enstire ihat the fin&ncial slat¢ni¢iJts ¢omply ivith the CharitÈes Act 2011, lh¢ hppli¢abl¢ Chhrilies (Aecoiiiils and R¢poi%s) R¢giilations, nnd the plVIsIOnS of the ¢onstiliition. The trustees hre also Yesponsible for saf¢giiardiJig ihe sets uf the chai'ity and h¢nc¢ for taking reasonable steps for th¢ preY¢ntion and detlSOn of fmuil aiid ollier irregularities. App e h'iistees of the chai'ity on .1.2101111- and signed on &ls behalf by.. Tiu te J CosgiRve Trustee Page 4
Cliaylotte Marshall Charitable TYii8t Iiidepelldent Exainiilei s Repoi't to tlie trustees of Cliarlotte Marshall Cliaritable Trusl I repori lo the diarity Iriislees ot) n]y examiijation of ili¢ a¢coiitils of th¢ charity for tlie year ended 5 April 2024 which are sel oiit on pages 6 to 16. RespeElÈve rtsponsibilities of tfU5tee5 and exAmÉner As the ¢ho¥ily'$ 1iwslees of Charlolle Marslioll Cliaritabl¢ Trust yoii are respoI)sible for ilie preparatioi) of Ihe aceoiiiits in a¢cordAnee with the reqiii¥cii)gNls of the CIIRrities Act 2011 ('the Act,). I report iii respect of iny exaiJiiJalioii of tlje Charlolte Marshall Cliariiable Thjgfs ace0tht$ ¢alTied out under section 145 of the 2011 Act and Cii'ryiiig oiil IMY ¢xainination I hAve followed hll the applicable Directions giveii by th¢ Chfii'ity Commissign iiiidei. wt&oii 145151{bl of the Act. Independent exxinliiti's s(IteiMent Iiave ¢OlpICted IY exainination. l ¢onfiriii tliat rto Tr)Jierial niatt¢r$ have ¢onJe to iny attentioji in eoniiection with Ilie exaininalion giving iiie Caiise lo believe that in aiiy ijialerial respEcl'. accoiintirtg reeoid5 were i)ol kept iii respect of ClIArlotte Marshall Cliaritable Tnist as reqiiired by seclioii 130 of ille A¢t; or 2. 111¢ acwiiiils do not accoil wilh 11105e Cols., or 3. tlic accouftls do not ¢on)ply witli ilie a¢¢ountiiig Irquirements con¢eriiing the form aiid conl¢nl of a¢¢ovnls s¢t out in IlJ¢ Cliar%li¢s (Aowujits aiid R¢porls} Regiilaliotis 2C108 oihEr than any requireiknEnt Ih&l Ilie a¢¢ounls a .tn and fair vi¢W ivljidj is not a matter cojisidered 8S Pllrt of an isjdependeiit liave no conce should bo dr aiid liave come across no other iiiatters iii conne¢lion with the exami]tIOn lo whi¢li att¢iitioTh iji this report in ol'der ID enable a propel. iiiideY8landin8 ofthe accoiiiils lu be reaclie(f. J T Straiighan Maiiiiing1ons 7 W¢lliiiglon Squw'e Haslings ERst Sussex TN34 IPD Page 5
ChArlot¢e Marsliall Chai'itable Triist Statelent of Fiiiaii¢iAI Activities for Ili¢ Year Ended 5 April 2024 TolHI 2024 Uni'e8ti'lele(I Resti'lcteil I nilowitteiit Nol¢ Ineoihe Aii(I 11(lowinenl$ froin: Dottalioiis and Icgacics Investi)]ei)i inconie 45,4SJ 32,715 45,453 32,715 Total Iii¢om¢ 78,168 Expeiiditure oil: Chai'ilable aCtville$ GoY¢rnanc¢ Costs (74,5051 (4,665 {74,505) 6,572 1,907 Total Expenditiire Gainsllosses on inve8111)ettt assets 79,170 1,907 81,077 11.52S 1.985 (9,540) Nel (¢xpenditiir¢yincome Gross fransfers beliveeii funds Gro85 ti?nsfers behveeti thiids UnreAlised g&inl(lossl oil investiK¢nls (12,527) 78 (24,070) (12,449) (24.0701 24,070 24,070 74,316 74.316 NEI rtlove1cnt IN fvrtds 112,5271 98,386 (23,992) 61,867 ReeoneillAtioM of f1)$ Total fuiids bifjiight foiward Total fuiids caTried forward 37,885 401,517 439,402 25,358 98,386 377.525 501.269 Tli¢ iiotes oji pages 9 to 16 foTlI) hn iiilegral part of IlKse fiiiancial slaletnenls. Page 6
ClIRI'lotte M4rsliall CliaritRble Trust Statement of fi iiiaiieial Activities for the Year E¢ nded 5 April 2024 Uniestrleted fun(Is Res(i'lcle(I Endowment TotAI 2023 Not¢ liicoiiie aii(l Eiitloivinents fi'om: Dojiations and l¢g&uies lllvestii)eiil liOnie 48,000 28,679 48,000 28,679 Total income 76,679 76,679 Eyi)enditure on: Cliaritable activili¢s Goveinallce Costs 170,7041 {4,3321 {70,7041 (6,1161 {1,784 Total expenditure Gaiiisllosses on iiiYesliK#iil assels (75,0361 11,784) (76,8201 115,8641 115,8641 Net ineoJiiel(expenditiire) 1,643 (15,864 ,784) 16,005 Net niov¢ni¢iii fiiiids 1,643 (15,8641 11,7841 116,005) REeoneilialioii offiind$ Total Punds brov8ht forwdrd Total funds Chtried fonvard 36,242 419,165 455,407 37,885 15,864 417,381 439,402 All of Ilie charity's tiVItIeS dcyive fini continiiiiig operAltons during the abovB periods. The filnds breakdoivn for 2023 is showii in iiot2 11. Tlie note5 on pages 9 to 16 forjii an iiilegi'al parl ofilies¢ financial statements. Pagt 7
Cljarlotte MarsliAII Charitable Trust (Registralioii number: 211941) Balance Sheet as at 5 April 2024 2024 2023 Nolo riixed ns5els liivesliiients 490,375 426,535 Cui'iyiit A5s¢Is Debiors Casl) at bank and iii haiid 228 13,198 216 15,107 13,426 15,323 Crcdltors.. Amounts fRlllng diie williim one yenr 10 2,532 2.456 N¢t cui'r¢nt Issets 10,894 12,867 r4el assot5 501.269 439.402 Yunds of the ehAI'ity: Eiidowiiient fuiid5 377,525 417,381 R¢sti'iel¢d illeome flliid$ Revaluation reserye 98,386 (15,8641 Uikreslricted iiicoine fuijds Unrestri¢l¢d fwids 25.358 Total fuiids 501,269 439.402 fitiAncial statements on pages 6 to 16 were approved by the Iriistees, and aiitjiorised for issue on signed on their bchalf by.. J Cosgrave, Tiiistee Ti'u5 e¢ Tlie notes on pag¢s 9 10 16 foy1 811 ii)tewhl PArtof these fiiiancial slateiDenls. Page 8
Chaylotte Mftrshall ChRI'itable Ti'ust Notes to Ilie fi inancial St&tcments lor the Yeai. Ei nded 5 April 2024 l Aeeoiiiillng iTrolicies Stnlenient of conipliAiice The finaiiLial slatelentS have been prepaiEd in accoi'diiice witli Acwiintiiig and Reporling by Chai'ities.. Si&leJ)ient of Recomi)iended Praclice applicable lo ¢lJiirilies prepariiig their ac¢oiiiils in accordance with Ihe FiJi&t)¢ial R¢wbrting Standard appli¢&ble iii tli¢ UK aiid Repiiblic of Ii'elhnd (FRS 1021 (effective l Jaiiuary 2015) - (Charities SORP (FRS 102)), the Fiilancial Repojling SiandaFd applicable in IliE UK and Republi¢ of Ireland (FRS 102) t[ Cliaritie8 Act 2011. BASIS of prei)artloii Charloll¢ Marsliall Chhrilable Triist meels the definition of A piibli¢ benefit entity linder FRS 102. Assets and liabilities ar¢ i11itially recogiiised at historical ¢osi or transactio vali iit)less otherwise stated in the rekvaiil accounting policy notes. Exemptlon fi'om pYepArlng A CA$li llow $tfttement The cliarily ople(I lo e&rly adopt Biillelih I publislied 0112 Ftbriiary 2016 aiid have tlierefor¢ Mt iii¢luded a cash flow slateii)ertl in tl)ese financiAI Slatlie11. Golllg eoiieerii The trustees Consider that ilieye are no niaterial uncertainties abolit the Charity's ability to continue as a going coiicern. Income aiid endowmeiits Voluijtary jiOnie jj111d1g donalioTh8 gifts, l¢ga¢i¢s and graiils that PlDvide cor¢ fun(litJg oi (tre of a gen¢ial atiire is recogiii£¢d when the ¢h&rity lias eiilitlemeiit lo (he iThctsm¢, it is probEtb16 that the income will b¢ tceived aiid the %unoiilll ¢an be iii¢asvr¢d iyith suffici¢nt reliability. Doiiali(Nis legacieJ Donations and lega¢ies ar¢ r¢wgnssed fi T¢¢¢ivabl¢ blS wh¢n re¢eipt is piobabl¢ aod th¢ amoiint ¢ai) b¢ reliably measiired. IIiveslMeMI Imcoftne ljileirst oil funds held on deposit j5 incIILded when receivable and ihe amount can be ineasured reliably by the charity. Ihis is Iioyimilly upon noliftcatioii of thc inlei'esl paid or pnyabl¢ by the bank. Expelidjtre All exnd111)re is recogniseil once tliej'e is a legal or co11¢tiVe obliglc lion to tljal expendilui'e, it is probable gcttlen)ertt is requirtd aiid Ili¢ amoiittt cali be ItaSUre r¢li&bly. All Costs are ollocal¢d to the appliL*ble expenditure li¢adiiig tliat aggregat¢ similar Costs to Iliat categrjry. WheiE cosls ¢aiiiiot be dir¢cily attributed to ppilieulor lieadiiigs they hHYe b¢eii allocated on a basis coiisisteni with the Iise of resoiirces, with ceftlral slaff costs allocated on the basis or tijne spent, aiid deprecsatioji charges allocated on the portion of the Asset's use, Other suyporl Costs are allocated bos¢d oll th¢ spr¢ad of staff Cosls. Page 9
Cha Ylott¢ Marshall Cliaritable Trust Notes to the fijiianeial Stateineiits fov tlie Year Ei nded 5 April 2024 Clillrliffble u¢liviiles Cliaritable expendiliire coniprises those costs incurred by (lit charity in tlie delivery of its a¢livfrti¢s aiid servi¢es for ils beiiefi¢iari¢s. It incliid¢s both costs that Can b¢ allocated dire¢tly to sucli a¢tivities aiid Ilios¢ cost$ of ail indiTect nRliirE ne¢¢ssary lo support ili¢iii. GruiiliJiovi&ioii Provisions foi. graiils are Made wlieii Ilie inlet)lion lo make a grant ha5 been cort)ikniiiiicaled lo (lie reGipient bill Ili¢rtt is iijiceilaiiity aboiil eitlier tlie tijning of tlie gialit or the alOli* of Bi'ant payable. TaxatlDII The Lliarity is considered to pass th¢ iesls set oiit in PAIAgraph I S¢hedule 6 of the FÉnaTh¢¢ Act 2010 arsd therefoi'e it meets the definition of a charitable comparty for UK corporation tax piiiposes. Aceordiiigly, the hai'ity ss potentially exempt fiujii taxation in respect of iE)come or capital gains iEceived with c&legori¢s covered by c.hapter 3 Part I l of ihe c.orporalioii Tay Act 2010 or Seclioii 256 of Ilie Taxation af Chargeable G&iiis A¢t 1992, 10 t1¢ cxt¢nt that sii¢h Énconie or gains 4bi'¢ )ppli¢d ¢xelu$ively to cliarit#bSc PUTposes. rilxed Asset li)Ye$tmtrtt$ Fixcd as5¢1 iiiv¢tslrnent5, vih¢r th41n progian)me rEl¢il¢d inv¢slmenls. are irt¢liided (tl market valiie at th¢ balan¢¢ sheet date. Realised gaitts aiid losses oil inve5tii)et)ts are cilcullted t¢s tli¢ difference betweei) s&l¢s proceeds and tli¢ir market value at the stait of the year, oi. tli¢ir subsequent ¢ost. aiid arc ¢harged oi rr¢dit¢d to th¢ Slat¢tn¢nl of Financial Activities ifi the period of disposal. Unrealised gaills and losses represent Ihe JiioveE]ieiil iii niarkel valiies during the year afid aTe oreditcd or cliarged to Ilie Slatenient of Fiiiancifil Activities bas¢d on tlie IiiaYk¢t value al th¢ year end, Tr8de debtoiy Are aniouiits due From ciistoIners for ni¢rchfiiidi5e sold or services perfornied in tlie ordinary course of business. Are recognised initially al the transaction price. Cn$h #Eid ch$h ¢quiv8lent$ Ca8h and cash eqllvalentS compTise Cash on Ind And Call deposiis, Aiid olhei. short.terJn highly liquid inveshnents th&t ar¢ readily ¢oovertible lo a known of cash and ar¢ $iibje¢l lo an insignificant risk of cliange in valiie. Fuii(l $ti'ueluv Uiii¢stsic¢¢d ivome fviids are g¢JieYal fiiiids Ilial are available for use at the IFUStees's discretion iji fiirilierance of Ihe obj¢clives of Il)¢ cliarity. R¢slricted sneonie fvnds thi'e ilios¢ dollAted for iise a particular area or for specific pu0$¢8, tlie us¢ gf whicli is reslri¢led to tliat area or piirpose. Page 10
Cliarlotte Marshall Chai'itAble Trust Notes to tlie Fiiianei&l StAteineiiÉs for tlie YeAI' Ei iided 5 Apyll 2024 IliiiAnciTrl instriinienls ClftsslJleNII& Ftiiaii¢ial assets aiid fsJiaii¢tal liabilitie$ hr¢ recognised ivheji Ilie Charity becomes a pAily to the coiilraciual pVisIOnS of the instrunieni. Fiiiajicial liabilities and equity iiislYlllentS are classified accordiiig to the siibstanc¢ of the coiilraclual 8rraiigein¢nts enlered into. Ali eqiiily iiistruniEnt is any contYa¢t that £videiices a r6sidiial iiitercst in tIIE assets of th¢ char&ty after d¢duGlitsg all of its liabilities. RecognilioH Iiiefisiireifr#( All finanLial assets and liabilities are snitially iiieasured at ti?nsa¢iion pYi¢e (includFng Iipiisa¢¢ioii c05tsl, ex¢¢pl for Ihose fiiiancial assels classifted as al fair value Il>rouuh profit OT loss, IvhiLli ar¢ initially mea5uYed at fair valiie (iYhi¢h is noi'molly lh¢ liMnsaLtion price ex¢liiding Iramsacliott ¢osis). Iinless the arrang¢meJil consliluteg a rinaii¢ing Itan5RclioJi. If arrangement cotislitLLte5 a rjincing traijsaclion, IlJ¢ finaii¢ial a$$¢t oi. fjnaiioial liAbilily is thc85urcd at the presciit value of Ilie futuye payjiieiits discouiiled at a iiiarket rate of iiiter¢st for similar debi it)SinimlI. Finan¢ial a$s¢ts and liabilities &iE oiily offs¢1 in 111¢ 51at¢ment of finaiici41 position wl)¢ii, and oiily wl)en tlicre exists a legally eijforceable riglil lo s¢1 off thr r¥¢ognised aiiioiiiils aiid Ilie Gharity inlend5 eiiher 10 5eiile on a ttet basis, or lo realsse the asset and settle tli¢ liability siiMiiltaii¢oiisly. Finaii¢ial assets are derecognised when and only ivhen a) thr coiilraclilal rights to th¢ rash floiys from ihe firtancial asscl expirc or arc scltlcd, b) thc cliarity transfers to aiiotlicr party subslanlially dl5 of Ihc risks and rewards of owt)ership of the fJnati¢Èal ass¢t, or ¢1 tlie charity, despite liaving r¢tained some, but not all, sigiiificant risks aiid rewards of ownership, ha5 Iraiisferred eoiitlol of Ili¢ asset lo anoiher party. Fiiihncial liabilities &re derecogiiised only wlien ilie obligatioii specifEed iji t7 coistracl is discharged, ¢an¢elled or expires. Iiivetsinieiits Iiivesliii¢nts in iion.convertible preterence sliares non.puti#bl¢ ordiiiary or pr6fereiice sliares Iwlier¢ sIre$ are piiblicly ti'ad¢d or tlJ¢ir fair valiie is ixliably m¢asiirabl¢) ai'¢ measlid at fair valEl¢ thiDiigh profit or loss. Whcw fair valiie c&iiiiot be iiie&sii¥ed Irliably, inv¢itm¢tits Ale measiired at cost less impairment. Investments iii siibsidiaries ind agstsGiates ale Jiieagi?red at cosl lesg iThipairmettt. For it)V¢Stments in siibsidiaries aqiiired for ¢onsideratig1i sn¢ludiiig ih¢ i8s11¢ Of shares qiialifyÈng for m¢rg¢K reli¢f, Cost is measured by referei)¢e lo tlie #ominal value of Ihe shares ismied plus fair value of oihey consideralioi). Any pr¢miuin is ignorcd. Fulr volme niea$iireMieiil 1116 best cvideiicc of fail. valiie is R quoted price foy an iderttieAI assei iii an active tmarket. When quoted priccs are uJMvailable, Iljp price of a recent traNsa¢tion foy ali ideJiti¢al asset provides evidence of fair valtEe as long as Ihere lias not beeii a sigi)ificaiil cliaiige iii e¢onoii)i¢ circiiii)8lan¢¢s or a sigjisficanl lapse of lini¢ siiice tli¢ irattsaction look place. If th¢ maiket is not active &E)d iE¢ertt tjfftnsactions of an idenlieal Assei on their own ore ot a good e5tiihat¢ of faij. vhliie, Ihc fair value is estinlated by iiging a valiiation teehniqii¢. Page 11
Charlotte Marshall Chai'itable Tr115t Notes to the fi liiai)ciAI Stnteinenls for the Yeai. nded 5 April 2024 2 liietsiiie fi'oim dothAIIons Aiid legAele$ UnrestFjCted General runds DoJiHtion5 and l¢ga&ies' Donali0115 froiii companies trusts aiid siittilar proceed5 45,453 45,453 45,453 TotAI for 21124 45,453 Totnl for 2023 48,QOO 48,000 J Inveslin¢y)l incom¢ Uiirc$li'icted fiiiid$ Goiiei'xl Total flliid5 Incoii)e from dividends. Divideiids re¢¥ivable froli) oilier listed invesljnents Diytdends receivable from other unlisted investments 1,850 1,850 30,865 Total foi, 2024 32,715 32,715 TotAI for 2023 28,679 28,679 4 Exyeihditure OTh elikritAblc Attivltlts Unresti'lcted ruiids G¢n¢i'AI Tol81 2024 Tolthl 2023 GrAllt funding of aclivilies 74,505 74,505 70,704 Uiire5tricteil TotAI 2024 TotAI 2023 Gen¢Y411 Roiiian Cailioli¢ Activity Non Roman Chtholic Activity 49,670 24,855 49,670 24,835 74,505 47.136 23,568 70,704 74,505 S GrHnt-InAking B¢loiv are details of ii)ale¥ial gi'aiil$ nlade to insiitLltion5 by the Page 12
Cliarlotte MaYsliMII Ch#ritfible Triist Noles to the fii)Aiicial Stateinents for tlie Year Li iided 5 April 2024 2024 NAnie of InslltEitlDI A¢TOSS Calholi¢ Chil(Iren's Society {PlyiTh)iith) Caiholi¢ MarJ'ik)ge Care Lid Catholic Union Cliarilable Trust tkpAiil UK Divijie Renovation UK Jesuit R¢fuge¢ S¢ivi¢¢ UK MedAille Triisl Oui. Lady of Ilie Rosai}' priLD-I'R Plyiiioutli Cathedral Prison Advice aiid Care Tiii%t (PACT) Providence Row Sacred Fleait S¢hool HHStjiig St Elizabetlis RC Cliurch St Geniifta's Hospice St Johij's Hospice Sl Josepli's Hospice Hackiiey St Joseph's Pasloi'il Cbre Si Joseplis Specialist Ti'ust St Mary Star of tlie Sea Ca1holic Priiiiary SCI)[ Sl Raphael's Hospice Sl Ricliards Calliolic College Sloiiyhurgt College Developjiient The Dominican. Coiinvil Winter5hall CIO Your Place (Lolldon) Ltd 4Sight Vision Supp)tl iiaze Activity Roii)Aii Cailiolic Activity 2,213 1,500 2,213 1,500 2,000 2,213 2,213 700 1,000 2,213 1,500 2,213 3,500 1,000 1,251 2,000 2.876 2,213 2,213 2.500 930 3,500 1,000 1,000 2,213 2,000 452 452 452 452 452 452 452 452 452 4S2 452 452 Non Roinaii Catlioli¢ A¢tivity Asthina Relief Brainb¢r Bakehouse Brtgjiloii aiid Ilove City Mis5lOtI British Red Cross Cancerwis¢ Care for the Carers Care foj. Velerat)S CareFs Support E8st Kent 111})ily Siipporl Work City Gate Comniiinity Proj¢cls Cojijiiiuiiity Adviee Support Educaiiot) (CASE) 452 452 450 CoJi)pftid Trusl CrKkeijacks ChÈldTellS Tru51 Pfig¢ 13
Cliai'lotte Marshall Clharilable Triist Notes to tlie fi Iiiaiicial Stateinents for tlie Yeal. iided S Apl'il 2024 Crllse Bereav¢Tr)eiit Siipport Daine Vera Lynn Cl)ildren's Chority De La Wllrr Pavilion Deiiielza House Children's Hospice Disability Cli8ll¢ngers BllellOI' Hope for TonM)rmw Hospi¢¢ ii) tli¢ W¢ald lJilei'AGt Sttoke Sispport Jigsaw (South-Easl) Joss Searcliliglil Keiit Multiple Scierosis Therapy Ceiitr¢ Kids Caiicci. Cliarity Little Gale Supwrted Einploymet)t Livability Multiple %y%lcJn Atroi)hy TJTrJst NARA Tlie Breathing Charity Off Tlie Fcnce Trust Ltd Pelt Level In(kp¢nd¢nt R¢s¢u¢ Boat PSDS Rocktjigliorse Childrens Charity Royal British Legion Indiistri¢s St Barnabas Hospices {Sussex) Lid St Catlieriyies Hospice St John Ambiilance Sl P¢t¢r & St JaEnes TrLiSt St Wilfr¢d's Hospiie Strongboncs Cliildrciis Charilabl¢ Trust ussex AssocÈation of Spina Bifida aJ)d HydYo¢¢phalus Teatn Doineiiica Th¢ BognoT Baptist Church Tlie Disabled S8ilors Asso¢iatioii The Faittily Trust I'li¢ Frieiids of Conguesl Hospital TIK Hehrt of K¢iit Hospi¢e Tl JPK Sussex Project Tl Morliiiiei. Society The Oliver Ciird Trust West Sussex Miiid Wiiiston's Wisli 452 452 452 452 452 452 452 452 452 452 452 452 452 452 452 457 452 452 452 452 452 452 452 452 4S2 452 452 420 488 452 4S2 452 452 452 452 432 452 452 452 452 74,505 Pig¢ 14
CIIAI'loÉte MArshAII Cl)AJ'itble Trust Notes to tlie fiiiiancial Slateineiits for tlie Yeai. nded 5 Api'il 2024 6 TAxAtIoii Thc charity is a registered cliarity uid is th¢r¢foi'e ¢xenipt fiDm taxation. 7 fiixeil Asset investnieiit5 2024 2023 Oilie¥ iiivesln)enls 490.375 426,515 Othei. inveslmeMf$ Llsted InvEslmei)Is Uiillsttd lthvestmeiit5 Totxl Cost or ValuAtlon Al 6 April 2023 Revaliiation Ad(litions Di8p05als 170,388 19,552 8,862 9,7071 256,147 45,133 426,535 64,685 8,862 9,707 Al 5 April 2024 189,095 301,280 490,375 Net book valiie At 5 Api'il 2024 Al 5 April 2023 189,095 301,280 490,375 170.388 256.147 426,535 1lie Unlisted Investments were valiied on the 22 Aiigug12022 by an xndepertdenl valuer. 8 Debtor8 2024 2023 Prepoymenls 228 216 9 CRslI Nnd c8sh equivAl¢iits 2024 2023 Casli at baiik 13,198 15,107 10 Creditoi's: Inioiiiits fhllli)g duo. withln oiie,veAr 2024 2023 AlalS 2,532 2,456 P88e 55
Cliarlotte Marshall ChAritoble Ti'ust Notes to the rfinaiicial Stateinen¢s for tlhe Yeai. J)(led 5 April 2024 Otlier cogni5ed gAinsl(10s8e$) Blee At 6 Ai)wil 2023 Iticomlng rc50urecs Resoiii'ces expeiided TrAiisfei's Uiiresli'leted GeiieJTrl 37,885 66,643 (79,170) Restri¢teil 74,316 24.070 Expeiidable 401.517 (1,907) 81,077) 24,070 1.985 Tothl flind5 439,402 140,959 1,985 Bxlttrtte At 5 April 2024 Uniestrlcted General 25.358 Restwieted 98,386 Kndownieiit Expertdttble 377,525 TotAI ftsMd$ 501,209 12 Analy$is of ikei fund$ At 6 April 2023 FiiiRRciiig cfisli llows At S April 2024 Cp$h )t bank and iii hand 15,107 1,909 13,198 Nel debt 15,107 1 909) 13,198 Page 16