Clwity registraiion number: 211941 Charlotte Marshall Charitable Trust Annual R¢rt and Financial Statements for the Year Ended 5 April 2026 Manningtons J T S¢raughan 8 High Street Heaihfi¢ld East Sussex TN218LS
Charlotte Marshall Charitable Trust Contents Reference and Admi"nistrdtive Details Trustees, Report 2to3 Stsiement of Trustees, Responsibilities Independent Examinerf5 Report Sialement of Financial Aetivitie5 6t07 Balance Sheet Notes to the Financial Statements 9tol8
Charlotte Marshall Charitable Trust Reference and Administrative Details Trustee5 KBPa8e J M RusscII J Cosgrave R Cosgrave 211941 Ch*rity Registration Number PrinLipal Office Clo Marshall-Tufflcx Limited 55-65 Castleham Road Castleham Industrial Esta¢e St. Leonards on Sea rN38 9NU Independent Examiner MarLnin8ions J T Strnughan 8 High Street Hcathficld East Susscx TN218LS Solicitors Batwells Independent FinatJ¢ial Management Services 6 Hyde Gardens Ea5tlxTrurn¢ BN214PN Bxnk¢rs Cater Allen 9 N¢lson Streei Bradford BDI SAN Page I
Charlotte Marshall Charitable Trust Trustees. Report The iwsiees present the aDnual rqjort together with ibe fujancial statements of the chan.ty for the year ended 5 April 2026. Objcctiyes and activities Obj¢el& dims The Tn1 was fonned to distribute funds eamed on the capital of the Trust as to two thirds for educational religious or other charitable PUTtxTrs¢s for the Roman Caiholic5 in the Unit¢d Kingdom as the Tru51ees think just, with the balance of the iD¢omc di51ribuicd for Ihe cban"tsble purposes in the Uniicd kn"ngdom all %cording ¢0 the TNsie¢s di5eretion. The initial endowment to be held until the terniination of the TTus¢ on a day which will expire ihe period of 80 years from 5 September 1962 or the period of21 years after the dcath of the lasi survivor of the issue now living of his latc Majesty KiDg George V whichevcr period shall be shortcr or such earlier day as the Trnstees may at any iimc after the CXPiTalion of ihe period of 20 years from 5 Sepi¢mber 1962 10 be the tennination date. These fvnds aT¢ to be distributed for the charitable purwvs at the Trustee$ discretion on the Icmiination date. Thc TNst invites applications from all charitable groups eli8Lble under the obje¢tiv¢s ofthe TN5t, r¢gardless of the ba¢k8round, gender or pcr50nal ¢IumStanCeS of the group and its members. Public b¢nefil The trustees confimi that they have ¢omplicd with ihe requirements of seciion 17 of th¢ Charilie8 Act 2011 to hav¢ due reBard to ihe public benefit guidance published by the Chariry Commission for En8land and Wales. Flnantial review Policy on reserv¢s The Trusl¢es have a8reed ihai £5.{1 should be held in reserves in additiort to the Endownent Funds to meet costs and spe¢ial applications that are received. lftvestm¥nipolicy 47nd obj¢eliwes The Tru51ees have recognised that the majoriry of the invcstments held by the Trusls are in rhc Marshall-Tufflex Lid Group of companies an4 therefore. have tsken somc 51cps to give some diversificaiion. Invesiments made recognise the need for income wilh capital 8rowth but exp05ing the funds to limiied risk. Structure? govcrrtanfe manAgemtnt Nutsre ofgoverning documenl The Trust was constituted undtr a Dced of Trust daied 5 September 1962 and is a charitsble tn15t rcgistered with the Charity Commission. The Trust is managed by a Board o(TnJstees whose details are shoum on pag¢ I with the other administraiive detai15. Thc Wer of appointmenl of new TnJ5tecs. rests with the 5ufvivoTS of the settlors. RecrHitmenl and oppoinlmeftl 0fthte¢S Appointmettt of Trustees is made in accord2n¢¢ with the *rnLS of the Trust Deed. Poiential new Tnjsiees are selected on the recornmcndation of current Tnjsiees. Page 2
Charlotte Marshall Charitable Trust Trustees, Report (continued) Induclion oftd troininR oltrusle¢s All current Ttee$ are fatniliar with the work of the Charity and in addition some have professional or lay knowledge of the operation of Trusts and Charities. Orgonisolional slrMelur¢ Grant applications Comple a Trust Application Forni with a fom)al requesi for fimds which is considered by the Trustees at ih¢ir first quarters meeting. Lists are prepared for paymenrs of those grdn15 approved and within the Trust's Charitable objecitvtt. The Trustees also mee¢ later in the year Co81der managenmt aspects of the Ttust ineluding considering advhce received on the Trusts invesied funds. The Trust's administrative activities were carried out from the premises of the Marshall-Tufflex Ltd group of companies by members of the Companys staff. 2olb sI¢d on its behalf by.. The annual report was approved by ihe trustees of the chari on KBPa8 Trustee US5e Page 3
Charlotte Marshall Charitable Trust Stalemenl of Trustees. RespoDsibilities The twstees are resportsible for preparing the trustees, report and the financial slatemeThrs in accordance with the United Kingdom A¢¢ouniing Standards (United Kingdom Generally Accepted Ac¢ounring Practi¢e) and applicable law and regulations. Th¢ law applicable to Lharities requires the truslets to prepare financial ststements for each financial year which giY¢ a tn]e and fair view of the 51aie of affair5 of the charity and of the incoming resources and application of resources of the charity for thai period. In preparing these financial statements. the truslees are required to- select Sultable accounting poli¢i¢s and then apply ihem consistently. observe the mcthods and principles in th¢ ChaTiti¢s SORP.. make judgements and estimates that are reasonable prudent: state whether applicable accouniing Standards have been followed. subject to any material dep3rtures dI10$¢d and explained in ihe financial ststemenls. and prepare the fmancial slalernents on th¢ going concem basis unle55 it is inappropriate io presume thal the charity will continue in business. The Irusiee5 are responsible for kttping proper accounting records thai disclose with Teasonable aCCUTa¢y ai any lime ihe fiiiancial posiliun ofthe charity and enable them to ensure that the financial slatcmcnts comply with the Chdrities ALI 2011. the Charilics (Accounts and Reports) Regulations 21K)8. and ihe provisions of the constilulion. The trustees are also restthsibl¢ for safeguarding the assets of th¢ charity and hence for taking reJsondblc 51cps for the prevcnlion and delection of fraud and other irregulariii¢s. The tnLsle¢s are resw)nsible for ihe mainienance and inie8rity of the ¢orporn* and finala] informalkon included on the charitable company's website. Le8islaiion governing the prqjaration and dissemination of financial statements may differ from legislation in oiher jurisdI10n$. Approved by the inlee9 of ihe chariry on. . and signcd on its behallby: U55e Page 4
Charlotle Marshall Charitable Trust Independent Examiner's Report to the trustees of Charlotte Marshall Charitable Trust I report lo the trustees on my examination of the acwunts of Clwlotte Marshall Charitable Trust for the year ended 5 April 2026. Responsibilitie$ And basis of rert As the chariiy irnstee5 of Charlotte Marshall Charitsble Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 2011 ('Ihe A¢t'l. I report in respect of my examination of ihe Charloiie Marshall Charitabl¢ Trust's account5 earried out under s¢clion 145 of the 2011 Act and in ¢arryin8 out my examination I h&v¢ followcd all ihe applicable Directions given by the Charity Commission under section 145151(bl of ibe Ad. Independent ex4miner's $tattment I hav¢ complcled my examination. I confirni that no material malters have com¢ lo my attention in cotmeetion with the cxamination 8iving mc cause io believe that in any material rcspeci.. accounting records were not kept in respecl of Charlott¢ Marshall Charitable Trust a5 required by section 130 of ihe Act; or 2. the accounts do not accord with those reconls. or 3. the accounts do not Comply with the 8¢¢ounlin8 requirements ncerning thc forni and contenl of account5 Set out in the Charilics (Accounts and Repons) R¢8ulaiions 21M18 oihcr than any requir¢m¢nt thai th¢ accounts give a 'true and fair VIC which is noi a rn1¢r consid¢r¢d as part of an indepcndent examination. I have no eoneerns and have wme across no other matter5 in Colu¢t10n with the examination to which Jllention shou raw this report in order to enable a proper und¢rstsnding of the acLounts to bc reached. J T Straughan Mannin8tons 8 High Streel Heathfield East Sussex TN218LS Page 5
CharRotle Marshall Charitable Trust Statement of Financial Activities for the Year Ended 5 April 2026 UrtrIcted lund5 End0Ment Total 21126 Note Incom¢ and Endowments from: Donations and legacies Inyeslrnent iiicome 45.0 33.905 45,0 33.905 Total income 78.905 78.905 Expcnditure on: Charitable activities Governance Costs (70.1)66) {5.228) 170.066) (7,323) (2.0951 Total expenditure Realised Bainl(loss) OD inv¢$tmcnts Net income Unrealised gainllloss) on investments (75.294) (2.0951 4.775 (77,3891 4,775 3.611 7,065 2.680 6,291 7.065 Net mov¢ment in ndS 10.676 2,680 13,356 Reioncili#lion offund5 Total funds brought forward Total funds carried for¥vdrd 326.275 375,446 701.721 336.951 378,126 715.077 The notcs on pa8e5 9 to 18 fomi an iniegrdl part of these fmancial slaieTneDts. Pag¢ 6
Charlotte Marshall Charitable Trust Statement of Financial Activilies for the Year Ended 5 April 2026 (continued) Uttrestricted fuDd5 Restricted funds EttdOWnt Total Note Income gnd EDdowment5 from: Donations and legacie5 Investment incom¢ 45.IM)O 33,884 45,000 33.884 Toial incoTne 78.884 78.884 Expenditure on: Charitabl¢ activiiies Govemance Costs {76.257) {5,070) (76.2571 17,1911 {2.121 Toial expenditure Realised 8aitVlloss) OA investmcnts 181.327) {2.1211 {X3.448) 2.167 2,167 Nct lexpendittLreVincome Gr05S transfers b¢tween ndS Unreali5¢d gal{105$) on inv¢stm¢nt5 {2.443) ILKI.511 46 (2.1251 12,397) {98.386) 202.849 202.849 Net movement in funds 3CK).917 (98,386) {2.079) 200,452 R¢¢on¢iliation of funds Total funds brought forward Total filnds carried foThvard 25.358 98.386 377,525 501,269 326.275 375.446 701,721 All of the charity's activities derive from continuin8 operations during the above two periods. The fijnds breakdown for 2025 is showm in note I l. The notes on page5 9 to 18 forni an integral part of these fthancial statements. Page 7
Charlotte Marshall Charit#ble Trust {Registration number: 211941) Balanee.Sheet as at 5 April 2026 2026 Notc Fixed assets Investments 706.472 694,397 CuTYent assets Dcbiors Cash at bank and in hand 9A 12.613 228 12,537 12.711 12,765 Creditors: Amounts fallin% due wlthin (btte year Net currcnt 855e 10 {4,106) 15,4411 8,605 7.324 Net as1$ 715.077 701,721 Fymds of the charity: Endiiwment funds 378.126 375,446 Unre%tYictcd income fllndg Unreslricied funds 336.951 326.275 Total funds 715.077 701.721 Th¢ financial 510tcment5 on pages 6 10 18 wcrc appn)ved by the tnstee5. and authoriscd for i58ue on S2d4I42A.& and signed on their behalf by: KBPage Trle¢ U55ell The notes on pages 9 to 18 fom) an ini¢al part of these financial slatements. Page 8
Charlotte Marshall Charitable Trust Notes to the Financial St8lemenls for the Year Ended 5 April 2026 l Accounting poli¢i S14temettt of compliance ThL financial 5tatemcnts hav¢ been prepared in accordance with the second ¢dition of the Charities Staiement of Recommended Practice i5su¢d in Ociober 2019, Ihe Financial RewTrrting Standard applicable in ihe United Kingdom and Republic of Ireland (FRS 102) and the Charities Aci 2011. B441$ of preparation Charlolle Marshall Choritable TNst meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical Cosi Convention with Ilen recogni5ed at Cost or transaction value unless oihetivise slad in ihe relevant notels) to ihese a¢¢ouni5. Going concern The trusl¢c5 consider that there are no material uncthainlies about the charity5 ability to wntinue as a 80illB concern. Inc•me and endnwmcnls Voluntary income in¢ludins donations. 8ifi& leBaeies #nd grants that provide core funding or are of a g¢ncral nature is recognisd when the Chariry has entitlcmtnt to the in¢ome, li is probable thal the inLome will be recetved and the awK)unt can be Meas wilh sutTicient reliability. DonallOII.f dnd Itgoeies Donations and legacies are recognised on 4 rtteivable basis when reeeipi is probable and the amount can bc reliably measured. Inv¢.Tlmert¢ income Interes¢ ¢)n fundb. held on deposit is included when r¢¢eivable and the amourti ean measured reliably by the ¢harity; this is nOMllY upon notification of the interesi paid or payable by the bank. Expenditure All expenditure 15 Tecognised once there is a legal or constw¢tiYe obligaiion to that expenditure, it is probable 5ettlcmcnt L5 rcquired aTMI the OUnt can be me&4ured reliably. All ¢osts are allocated to the applicable expcnditure heading that aggTegate similar co$is io ihat category. Whcre costs unnoi be dircetly altributcd lo particular headin85 thcy have been allo¢aied on a basis consistcnt with the use of resources. With central staff cost5 allocated on the basis of time spent, and depreciation charges allocated on the portion of the a55et'5 use. hcr 5UPPDrt cost5 are allocated bas on the spread of staff costs. Charilable acliwilies Charitable expendityT¢ Lomprise5 those cosls incurred by the ¢harity in the delivery of its activities and services for its beneflciaries. It in¢ludes iy)th ¢05ts that can all0¢¢d direcily to such actLVlties and those costs of an indirect nature necessary lo support them. Granlprovisions Provisions for granis are rnade when the intention to make a grdnt has been communi¢at¢d to the recipient but Ihere is un¢ertainty about either the timing of the granl or the amoutht ofgrant payable. Pa8e 9
ChArlotte Marshall Charitable Trust Notes to Ihe Financial Statements for the Year Ended 5 April 2026 (continued) Taxation The charity is considered Pa the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets ihc definilion of a charitsbl¢ ¢ompany for UK corw)ration tax purposes. A¢Loidingly. the charity is potentially exempt from taxation in rcsp¢¢i of income or capiLg1 gains received withith categori¢s covered by Chapter 3 Part I l of the CorwTrration Tax Act 2010 or Section 256 of the Taxation of Charg¢abl¢ Gains Act 1992, to the exient thai such in¢omc or gains are applied exclusively to charitsble purposes. Fixed asqet invesimcnts Fixcd asset iftvesiTnen15. Other than programme related invcslmeDts. are included ai market value at the balance sheet dale. Realiscd 8ains and Ios5¢s on invesimenis are calculated as the difference between sales pn)ceeds and their market value at the start of th¢ year. or iheir subsequent cost. and are char8ed or credit¢d io the Statement of Financial A¢iLvilies in the p¢riod of disposal. Unrealised 8ain5 #nd losses represent the n¥eMcnL in market values during ihe year and are credited or charged to the Staiemeni of Financial Activilies based on the market value at the year end. Tradc dcbtors Arc amounts due from cus10m¢ for m¢handIse sold or setvice$ perfornled in the ordinary course of business. Are reco8nised inilially at th¢ transaction price. C4%h and c¥¥h cquiv#lents Cash and cash cquivalents Comprise cash on hand and call de$1¢ and oiher short-terni highly liquid invcstments thai are readily convertible to a known amount of c&sh and are subject io in insignificant ri$k of changc in Vdlue. structurL' Unrcsiricted income are general fimds thai are available for we at the ttustees discretion in furth¢Tance of thc objcclives of the ¢harity- Restri¢t¢d income funds are those donated for use in a particular or for 5F¢cific puwe5, the use of which is restricted to that area or purp)se. Financi81 instrnmtttt4 Iq5sificatio Financial assets and finan¢ial liabiliiies are recolsed when the charity become5 a party to th¢ contractual provishons of the instmment. Financial liabilitics and equity instmment5 are cl&ssified according to the sub5tanee of the contsactual arrangements cntcrd into. An equiiy in51Tument is any contract ihai evidence5 a residual interesi in the assets of the charity after dducting all of its liabilities. Page 10
Charlotte Marshall Charitable Trust Notes to the FinaDci21 Statemenls for Ihe Year Ended 5 April 2026 (continued) Recognilion ande4$TeMent All financial assets and liabilities are initially MSU[ed at tTansa¢iion price (including transaction cost51, except for those financial assds classified as at fair value thn)ugh profil vr 105& wkn.ch are initially measured at fair value (which is norTnally the trat]saction price exeluding tyansaction ¢05ts). unless the arrdng¢ment constitytes a financing trdnsaction. If an arrangement con5titute5 a fmancing transaction. the flnancial assci or financial liability is measured at the present Yalue of the future paym¢nts discounted at a market rdte of interest for a similar debt instwment. Financial assets and liabilities art only offset in the 5tat¢m¢nt of financial p)siliun when. and only when there exists o legally enforccable right 10 set off the recognisd amounls and the ¢han"ty intends ¢ither lo settle on a net basis, or to realise the asset and settle the liability simultsneously. Financial asscts are derecognised when and only when a) ihe conirncftbal rights to th¢ cash tlows from the financial assth expire or are settled, b) th¢ charity transfers to anoiher party substantially all of the risks and rewards of ownership of the financial a5s¢I. OT c) the charity, dcspile having retained some. but not all, signifi¢ani risks and revdrds of ownership, has transferred Control of the asset to anoth¢r paty. Financial liabilities are dere¢olSed only whcn th¢ obligation slfIed in the coniract i5 discharged, cancelled or expires. Inveslm¢nts Investmcnts in non-conv¢rtibl¢ preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or Ih¢ir fair value is reliably measurable) are measured ai fair valuc ihrough profit or loss. Whcrc fair value cannot b¢ measured reliably, investments arc measured al Cost less impairnicnl. Investmen15 in subsidiaries and aslat¢S are measured ai cosi les5 impairnnl. For investments in Subsidiaries acquired for considerdtion including the issue of shares qualifying for merger relief, Cost is measured by rcference io the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Frtir iwlue measuremenff The bcsi cvid¢nie of fair value is a quotcd price for an identical assel in an active market. When quoted pri¢¢s ar¢ unavailobl¢, Ihe price of a re¢ent transaction for an id¢nti¢al assei provides evidence of fair valuc as long as th¢Te h&% noi been a siw)ifi¢ani changc in economic Circumstances or a significant lapse of lime since the transaition t¢x)k place. If the markei 15 not active a1 re¢ent transactions of an ideniical assct on their own are not a good es¢imate of fair value. the fair value 15 estimated by using a valuaiion techrtique. 2 Income from dottations and legacies Ullre5tricted rundg Gentral Total 2026 Total Donations and Icgacies; Donations from companies trusts and similar proceeds 45.IX)O 45,IMKI 45.0(Ml 45.lJOO 45.(KK> 45.000 Pa8ell
Charlotle Marshall Charitable Trust IYote$ to the Financial Stydtemenls for tbe Year Ended S April 2026 (continued) 3 Invcstment iDcDme UDfestric¢cd Tot*1 21126 T•tal General Income from divid¢nds; Dividends receivable from other listed inv¢stments Dividends receivable from oth¢r unli51cd investment5 3,019 30.865 30,865 30.865 33,905 33.905 33,884 4 Expenditure on charil4ble Activitics Unrc51ricted funds General Total 2026 Total Roman Catholic Aciivity Non RL)man Catholic Activity 46.710 23.355 46.710 23,355 50,839 25,420 70.065 70.065 76,259 Page 12
Charlotte Marshall Charitable Trust Notes to the Financial Slatements for the Year Ended 5 April 2026 (continued) 5 Grattt-mJking Below are details of maierial grdnts rnade to institutions by the 2026 N#rne of institution Bibles fur Children Caritas Westminstcr St Joesphs Catholic Childrens Society Plymouth Catholic SNdertt Nerwork Catholic Union Charitable T$¢ Celebrate TnLSt Fath¢r Hudsons Caritss Growing Old Gro¢efully Kenclm Youth Twst Lejeunc Clinic for Children with Downs S>mdrome NOAH Enierprise Pilgrims Hospices in East Kent RC Diocese of Paisley Sacr¢d Heart Caiholic Primary School St Gcmmas's Hospice Si John's Hospice Si Raphael's Hospice St Richard's Catholic Colle8e St Wilfred$ Centre The British and Foreign Bible Sociery The Jesuit Rege¢ Setvice UK The Oxford Oratory of Si Philip Neri The Society of Catholic Medical Mi55ionaries Central Fund Winlcrshall CIO Your Place 4Sight Vision Support Alun Counselling Cenlre ASSlatIOn of Parents & Friend5 of Bower Cirove S¢hcM)I Asthma Relief Both Parenis MaiieT Brit15h Wireless for the Blind Care for Veterans Cianna'5 Smile City Gate Cornmunity Proje¢ts Cornbat Stress Aetivity Roman Catholic Activity 500 2,500 2,000 1.51)0 1.500 1,51)0 1.500 1,5(K) 2,5LK) 1,51MI 2.0(M) 3,6 1,610 1.500 1,500 Non Rornan Catholic Activity 477 477 477 477 477 477 477 477 477 477 Page 13
Charlotte Marshall Ch2ritgble Trust Notes to the Financial Slatements for the Year Ended 5 April 2026 (continued) Community Advise Support and Education Compaid TTUSt Crackerjacks Childrens Trust Dame Vera Lytm ChildTeD5 Charity Dandelion Tirne Dernelza Hospice Care for Children Disability Challengcrs Ellcnor Evelina Childrens Heart Organi5ation FaTnily Support Network Friends Families and Travellers Happy Days Childrens Charity Hope for Tomorrow Hospice in the Weald Independent Age InterAct Stroke Supwjrt Kcnt Association for th¢ Blind Kcnt Aulistic Society Littlegale Supp)rted Employment Muliiplc Sysicm Atrophy Trnst NARA Off the Fence Trnst Pclican Parcels Porchlight Read for Good Rcfugcc Radio Rockinghorse Childrerts Charity SENSE St Catherines Hospice St Michael's Hospic¢ Hastings and Rother St Wilfreds Hospice Easibourne St Wilfreds Hospice ISu55ex Coast) Ltd Sussex Asstsciation for Spina Bifida & hYsr(Cphalus Thr Bognor Baptist Church The Mortimer Society Thc Sandcastle Trust 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 477 70,066 West Sus5cx Mind Whizz Kid Winstons Wish Page 14
Charlotte Mrshall Charitable Trust Notes to the Financiydl Staternents for the Year Ended 5 April 2026 (continued) 6 Taxxtion The charity is a registcred charity and is iherefore exernpt from corporation tOX2tion. 7 Fixed #ssct invutmcni$ Olhcr inve%tThent$ List¢d Inv¢stmtnts Vnli51cd Total Cost or Valuation At 6 April 2025 Rcvaluation Additions Di5P05al$ At 5 April 2026 19).520 10.904 15,208 114,0371 503.877 694.397 10.904 15.208 {14.037) 202,595 503,877 706,472 Ncl book vxlue At 5 April 2026 202.395 503.877 706.472 At 5 April 2025 190.520 503,877 694.397 The Unlisted Investm¢nts were valued on the I I Sepiember 2025 by an independent valuer due to a valuation carried out in Decemb¢r 2024 bein8 incorreci. 8 Debto 2026 Prcpayrncnts 98 228 9 Cash and cash equivaltnts 21126 Cash ai bank 12,613 12,537 10 Creditor: amoun1$ falling due within one year 2026 Accruals 4.106 5,441 Page 15
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