Cliarity regislrotion iiiiinb¢Y.' 211941
Charlotte Marshall Charitable Trust
Aniiiial Keporl and Financial sta1￿17ents
for th¢ Year Ended 5 April 2024
Manninglons
J T Str￿ugh￿n
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
Indepe￿dejIl 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 LI1￿￿ted
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
BA￿k¢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 cat￿li¢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 di￿r¢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 Circui￿stanceS 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¢sin￿ll1p0l1¢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 gr0￿h 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￿¢nd￿l1OTh of ¢uJretit Trustees.
PHge 2

ClhArlotte Mllrsliall CIIAI'itable Trust
Trustees, Report
JiidficlioR lrniiiiiig of iriiitees
All Cur￿111 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¢￿ 8111t￿bI¢ 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 prO￿r accounlii)g recorils Iliai disclose with re&soiiable aeciivaey at aiiy
1im¢ ihe finanbial posilioR of th¢ ¢￿ar￿tY 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 pl￿VIsIOnS 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 det￿lSOn 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 ace0th￿t$ ¢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 ¢Ol￿pICted I￿Y 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 ￿Col￿s., 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
Statel￿ent 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 aCt￿ville$
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 rtlove1￿cnt IN fvrtds
112,5271
98,386
(23,992)
61,867
ReeoneillAtioM of f￿1)￿$
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 li￿Onie
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 slatel￿entS 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)ar*tloii
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 Slat￿lie11￿.
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 ji￿Onie jj￿111d1￿g 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¢ b￿lS 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.
Expelidjt￿re
All ex￿nd111)re is recogniseil once tliej'e is a legal or co1￿1￿￿¢tiVe obliglc lion to tljal expendilui'e, it is probable
gcttlen)ertt is requirtd aiid Ili¢ amoiittt cali be I￿taSUre￿ 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 al￿O￿li* 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 eqll￿valentS compTise Cash on I￿nd 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 $ti'ueluv
Uiii¢stsic¢¢d ivome fviids are g¢JieYal fiiiids Ilial are available for use at the IFUStees's discretion iji fiirilierance
of Ihe obj¢clives of Il)¢ cliarity.
R¢slricted sneonie fvnds thi'e ilios¢ dollAted for iise a particular area or for specific pu￿0$¢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
p￿VisIOnS of the instrunieni.
Fiiiajicial liabilities and equity iiislYll￿lentS 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 rji￿ncing 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)Sinim￿lI.
Finan¢ial a$s¢ts and liabilities &iE oiily offs¢1 in 111¢ 51at¢ment of finaiici41 position wl)¢ii, and oiily wl)en tlicre
exists a legally eijforceable riglil lo s¢1 off thr r¥¢ognised aiiioiiiils aiid Ilie Gharity inlend5 eiiher 10 5eiile on a
ttet basis, or lo realsse the asset and settle tli¢ liability siiMiiltaii¢oiisly.
Finaii¢ial assets are derecognised when and only ivhen a) thr coiilraclilal rights to th¢ rash floiys from ihe
firtancial asscl expirc or arc scltlcd, b) thc cliarity transfers to aiiotlicr party subslanlially dl5 of Ihc risks and
rewards of owt)ership of the fJnati¢Èal ass¢t, or ¢1 tlie charity, despite liaving r¢tained some, but not all,
sigiiificant risks aiid rewards of ownership, ha5 Iraiisferred eoiitlol of Ili¢ asset lo anoiher party.
Fiiihncial liabilities &re derecogiiised only wlien ilie obligatioii specifEed iji t7￿ coistracl is discharged, ¢an¢elled
or expires.
Iiivetsinieiits
Iiivesliii¢nts in iion.convertible preterence sliares non.puti#bl¢ ordiiiary or pr6fereiice sliares Iwlier¢ sI￿re$
are piiblicly ti'ad¢d or tlJ¢ir fair valiie is ixliably m¢asiirabl¢) ai'¢ measli￿d 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'it*ble 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
A￿l￿alS
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$)
B￿l￿￿ee At 6
Ai)wil 2023
Iticomlng
rc50urecs
Resoiii'ces
expeiided
TrAiisfei's
Uiiresli'leted
GeiieJTrl
37,885
66,643
(79,170)
Restri¢teil
74,316
24.070
Expeiidable
401.517
(1,907)
81,077)
24,070
1.985
Tothl flind5
439,402
140,959
1,985
Bxlttrtte At 5
April 2024
Uniestrlcted
General
25.358
Restwieted
98,386
Kndownieiit
Expertdttble
377,525
TotAI ftsMd$
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