THE MARY SLATER CHARir
Registered Charity Number.. 215036
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2025
Dains Audit Ltd
Chartered Accountants
2 Chamberlain Square
Paradise Circus
Blrmingham
B3 3AX

THE MARY SLATER CHARITY
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGE
14
Annual Report
Independent Examiners Report
Slalement of Financial Activities
Balance Sheet
Notes to the Accounts
8-10

THE MARY SLATER CHARITY
ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Reference and administratlve infomiation
Trustees:
The Charity trustees who served during the year are..
Dr R W Henshaw
Chairman
Co-opted
The Lord Bishop of Lichfield
Ex officio
Dr D Brown
Co-opted
Mrs L Flerning
C04)pted
Rev l Hayter
Appointed 14 May 2025 Ex officio
MrCKey
Co-opted
Ms C Pinder-smilh Appointed 14 May 2025 Ex officio
Mr T J Roach
Co-opted
Mr S Schafer
Terminated 14 May 2025 Ex officio
Ms L J Simms
Co-opted
Mrs C Wood
Terminated 14 May 2025 Ex officio
Principal Address..
Mr S R James
The Clerk to the Trustees
Bank House Fam)
Woodhouses
Yoxall
Staffs
DE13 8NR
Registered Charity Number..
215036
Website:
laler.or
.uk
Principal Bankers:
National Weslminsler Bank plc
Market Street
Lichfield
Staffs
WS13 6LE
Independent Examiner..
M Gurney FCCA, DChA
of Dains Audit Ltd
Chartered Accountants
2 Chamberlain Square
Paradise Circus
Birmingham
B3 3AX
Investment Advisers:
RBC Brewin Dolphin
6th Foor, The Chatwin Building
81 Colmore Row
Birmingham
B3 2BA
Page 1

THE MARY SLATER CHARITY
ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025(Colltinued)
Report of tbe Trustees for the year ended 31 December 2025
The trustees present their report along with the Fin￿claI Statements of the Charity for the
year ended 31 December 2025. The Financial Statemenis have been prep￿ed in accordance
with the accounting policies s¢t out on page 8 and comply with the Charity Commissioners,
Schemes, the Ch￿1t]eS Act 2011 and A¢counting and Reporting by ChaTities.' Statement of
Recommended Practice applicable lo charities preparing their accounts in accordan¢e with the
Financial Reporting Standard applicable in the UK and Republic of Ireland effective I
January 2019.
History and Objectives and Activities for the Public Benefit
The Mary Slater Charity founded in 1898 and is now govern¢d by Charity
Commissioner5, Schemes dated the 16 November 1954 and the 17 September 1957. In
addition by virtue of a sch¢me of the Charity Commissioners, dated 2 December 1955, the
trustees are also the trustees of the Charity known as Lichfield Victoria Sick Poor Fund whose
assets are incorporated in th¢ funds detailed in the Accounts and whose income is available to
meet the same obje¢ts as the Mary Slat¢r Charity. The Charity does noi actively fundraise
and seeks to continu¢ its philanthropic work through the Careful stewardship of its existing
resources.
Th¢ Charity provides &ssistan¢e to sick poor persons resident in the City of Lichfi¢ld or
within two mil¢s from Lichfield Cathedral.
A5SlStance tnay be given in all or any of the following ways or in such olher ways that the
trusl¢es think fit..
a) the supply of special foods and medi¢ines, medical comforts, extra bedding, fuel and
medical surgical appliances.
b) the provision of domestic help.
c) grants to defray the expenses of ¢onYales¢ence-
d) th¢ relief of sufferin& disability or infimity.
The trustees may apply the in¢ome of th¢ Ch￿lty in supplementing relief or &ssistance
provided out of public funds but income of ihe Charity shall in no case be applied in relief of
public funds or so that any person may be¢ome entitled to a periodical or recurrent benefit
from the Charity.
Management *ttd Goverllance
During 2023 a resolution was passed to increase the number of co-optative trustees. The
Scheme now provides for the appointment of nine trustees, three ex-officio and six ¢o-
optative. The ex-officio trustees are the Lord Bishop of Lichfield, the Mayor of Lichfield and
the Sheriff of Lichfield. New eo-optative trustees are identified from people within the local
community who have ihe necessary skills and interest and are appointed by th¢ remaining
trustees. Co-optative trustees are appointed for a terni of five years.
Page 2

THE MARY SLATER CHARITY
ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025 (Continued)
The induction pro¢ess for any newly appoinled trustee comprises an initial meeting with the
Board of Tnjstees, at which a pack is provided. This includes a copy of the governing
documenL a copy of the most recent annual report and a¢counts, copy minutes of previous
trustees, meetings and a copy of the Charity Commission guidance 'The Essential Trustee,
and 'Charities and Public Benefit,.
The trustees nornially meet four times a year to consider grant applications and as and when
appropriate the broad strategy and area of activity for Ihe Charity, including investments,
reselves and risk management policies and performance. The day to day adrninistration of
grants and the processing of applications prior to consideration by the trustees are delegated to
the Clerk.
Risk Review
The Irustees have examined the major internal and extemal risks which the Charity faces and
confim that systems have been established to minimise th￿e risks.
Grant Making Policy And Procedures
The Charity is well-known in Lichfield and invites appli¢ations from both organisations and
individuals. Each application is considered on its own merits.
Grant application foms are available for download from ihe web5iie (maryslater.org.uk) or
from the Clerk, whose address is shown on page l. On¢e an appli¢ation is received it is
considered at the next meeting of the trustees, however special aTrangements are made if the
application is consider¢d urgent.
Achievements and Perforniance
During the year ￿an1$ totalling £33,087 were made. This compares wilh toial grants of
£45,951 in the previous year.
Finaneial Review
Total funds at 31 December 2025 arnounled to £2,231,064, which comprised the endowment
fund £1,905,165 and unr¢stricled funds £325,899. Free reserves at 31 De¢ember 2024 totalled
£298,073. Th¢ reserves policy is to maintain reserves equivalent to approximately 12 rnonihs
expenditure in order to provide a buffer against additional ¢xpenditure and stock market
flu¢tuations. Reserves at 31 December 2025 exceed¢d this level. The trustees att ¢ontinuing
their endeavours to raise the profile of the Charity-
The investment portfolio is managed by external fund managers on a discretionary b￿15 to
achieve a balanced retum from in¢orne and capital gr0￿h by accepting a moder&t¢ level of
risk. The portfolio is subject to ethical restrictions. Over the year the investment portfolio
generated a total return of 10.20/0 after fees. This ¢ompares with a rdurn of 14.3¢/0 in the
RBC Brewin Dolphin Risk Category 6 index and 9.30/0 in the Asset Risk Consultants Steady
Gr0￿rth index over the same pcriod. The perfom]an¢e of the portfolio is monito-,ed on a
quarterly basis by the trustees.
Page 3

THE MARY SLATER CHARITY
ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025 (Cootinued)
Public Benefit
The Truste¢s confirn) 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 and in planning and setting their grant m8J(ing policy for the year and have
complied with their duti¢s under the Charities Act 2011.
Trustees, Responsibilities in R¢lation to tbe FiDaueial Statements
The charity trustees are responsible for preparing a trustees, annual r¢port and financial
statements in accordance with applicable law and United Kingdorn A¢¢ounting Standards
{United Kingdom Generally Accepted Accounting Practi¢¢).
Law applicable to charilies in England and Wales requires the Trustees to prepare financial
statements for each financial year which give a true and fair view of the Charity's financial
activities during the year and of lis financial position al the end of the year. In pffparing
those financial ￿ateMents, the Trustees are required to..
select suitabl¢ accounting wlicies and then apply them consistently>
observe the methods and principles in the Charities SORP (FRS102)'
make judgetnents and estimates that are reasonable and prudent.
state whether applicable aceounling standards have been followed, subject to any
material departures dis¢losed and explained in the financial stat¢menls-
prepare the financial ststements on the going concem basis unless it is inappropriate
to presume that the Charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable
accuracy at any time the financia] position of the Charity and io enable them to ensure that the
financial statements comply with the Charities Act 2011, the applicable Charities (Accounts
and Reports) Regulations, and the provisions of the governing document. They are algo
responsible for safeguarding the assets of the Charity and hence for iaking reasonable sieps
for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 8 April 2026 and signed on their behalf by..
R W Henshaw

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE MARY SLATER CHARITY
I report lo the charity trustees on my examination of the accounts of the charity for the year
ended 31 December 2025 which are set out on pages 6-10.
Responslbilities and basis of report
As the charitys trustees you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 I'lhe AoV)-
I report in respect of my examination of the charitls accounts carried out under section 145 of
the Act and in carrying out my examination I have followed all the applicable Directions given by
the Charity Commission under section 14515}Ibl of the Act.
Independent examinerfs ststement
I have completed my examination. I confirm that no material mallers have come lo my allenlion
in connection wlh the examination giving me cause to believe thal in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the
Act.. or
2. the accounts do not accord wfch those records.. or
3. the accounts do not comply with the accounting requirements concerning the form and
conlenl of accounts sel 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 mallers in connection with the examination
to which allenlion should be drawn in this report in order lo enable a proper understanding of the
accounts lo be reached.
M Gurney FCCA, DChA
Chartered Accountant
of Dains Audit Ltd
2 Chamberlain Square
Paradise Circus
Birmingham
B3 3AX
April 8. 2026
Page 5

THE MARY SLATER CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2025
Unrestricted Endowment
Income Funds
Fund
Total
2025
Total
2024
Notes
Income and •ndowments from:
Investments
Income from listed investments
Deposit interest and sirnilar income
60,950
2,907
60,950
2,907
59,868
2,603
Total Income
63,857
63,857
62,471
Expenditur• on:
Charitable activities
Clerk's salary
Independent examinerfs fee
Investment management charges
Sundry expenses
Total
33,087
7,500
1.500
1,111
1,240
44,438
33,087
7,500
1,500
11,115
1,240
54,442
45.951
6,220
1,140
10.813
529
64.653
10,004
10,004
Net gainslllossesl on investments
8,407
129,068
137,475
129,276
Net Incomelèxpenditur•
27,826
119,064
146,890
127,094
Net movemgnt in funds
27,826
119,064
146,890
127,094
Reconcillation of funds:
Totsl funds brought forward
298,073
1,786.101 2,084,174 1.957,080
Total funds ¢arried ft*nward
325,899
1,905,165 2,231,064 2,084.174
Page 6

THE MARY SLATER CHARITY
BALANCE SHEET
31 DECEMBER 2025
Unrestricted Endowment
Income Funds
Fund
Totsl
202S
Total
2024
Notes
Fixed Assets
Listed Investments
214,437
1,903.448 2,117,885
1,983,779
Current Assets
Debtors
Balances at Bank:
Deposit
CLJrrenl
Total Current Asset8
5,664
5,664
6,795
106,391
2,526
114,581
4.323 110,714
2,526
118,904
52,479
56,113
115,387
4.323
Llabilitles:
Creditors falling due within one year
Net Current Assets
3,119
111,462
2,606
5,725
1.717 113,179
14,992
100.395
Net Assets
325,8gg
1,905,165 2,231,064
2,084,174
The funds of the charity..
Permanent endowment
Unrestricted income funds
Total charity funds
1.905,165 1,905,165
1,786,101
325,899
298,073
1,905,165 2,231,064 2,084,174
325,899
325,899
These financial statements were approved by the Board of Trustees on 8 April 2026 and signed
on their behalf by..
R W Henshaw
T J Roach
Page 7

THE MARY SLATER CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accountlng Policies
General
The financial slalemenls have been prepared in accordance with Statement of Recommended
Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and the Republic of Ireland IFR51021
effective 1 January 2019 and the Financial Reporting Standard applicable in the UK and the
Republic of Ireland {FRS1021 and the Charities Act 2011.
The charity constilules a public benefit entity as defined by FRS 102.
The financial slalements comply with FRS102.
The financial slalements have been prepared under the historical cost convention wth items
recognised al cost or transaction value unless olhemise slated in the relevant nolelsl lo these
accounts. The financial statements have been prepared on an accruals basis.
Grants payable are charged in the year when the offer is conveyed lo the recipient, except
where the offer is conditional, SLtch grants being recognised as expenditure when the Gondilions
attaching are fulfilled.
The income fund comprises those assets which the trijstees are free lo use in accordance with
the charitable objects.
The endowment fund comprises those assets which musl be held permanently by the charity,
principally inveslmenls. Income arising on the endowment fund can be used in accordance with
the objects of the charity and is included as unreslricled income. Any capital gains or losses
arising on the investments form part of that fund.
2 Charitable artivltles
2025
2024
Grants lo Organisalions
Grants lo 6 (2024-6} Individuals
Cost of medical reports
18,100
14,987
40,867
4,784
31)0
33,087
45,951
Grants to oryanisatlons are as follows:
Citizen's Advice South East Staffs
Lichfield Talking News and Community Care
Sl Giles Hospice
MHA Communities South Staffs
18,100
15,350
1,019
5,000
19,498
40.867
18,100
3 Investment Management Chargès
In 2024 the expenditure on investment management charges tola11ed £10,813 of which
£1,102 was expenditure from unreslricled income funds and £9,711 was expenditure
from the endowment fund.
Page 8

THE MARY SLATER CHARI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
4 Trustees Remungratlon and Expen$è9
No remuneration directly or indirectly out of the funds of the Charity was paid or payable for
the year lo any trustee or lo any person or persons known lo be connected with any of them.
No expenses were paid lo any Trijstee during the year. {2024- nil)
S Listed Investments
Income
Fund
Endowment
Fund
Total
2025
Total
2024
Listed Investments
Investment Portfolio Cash
200,895
13,542
214,437
1.8￿,950
12,498
1,903,448
2,091,845
26,040
2,117,885
1,981,671
2,108
1,983,779
Investments held at 01.01.25
Additions al cost
Disposals al carrying value
Add net gainl{lossl on revaluation
Investments held at 31.12.25
197,476
25,000
129,9881
8,407
200,895
1,784.195
303,480
1325,7931
129,068
1,890,950
1,981.671
328,480
1355,7811
137,475
2,091,845
1.834.441
142,041
(124.0871
129,276
1,981,671
All investments are carried al their market value.
All investments are quoted on the London Stock Exchange.
Asset sales and purchases are recogniseé al the date of trade al cost Ithal is their transaction value)
202S
2024
6 Debtors
Investment Income
5.664
6,795
In 2024 all debtors relate lo unreslricled income funds.
7 Bank balances
2025
2024
Deposit
Current
110,714
2,526
113,240
52,479
56,113
108,592
Unrestricted income funds
Endowmentfun
108,917
4,323
113,240
104,305
4,287
108,592
8 Credltors
2025
2024
Creditors and accrued expenses
Grants aulhorised bL¢I not paid
5,725
5,243
9,749
10,865
5,725
Unrestricted income funds
Endowment fund
3,119
2.606
5,725
12,499
2,493
10,865
Page 9

THE MARY SLATER CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
9 Related Party Transactlons
There were no related paty transactions during the year {2024 - none}-
10 Analysis of Net Assets Between Funds
Accumulated
Income Fund
Endowment
Fund
Total
2024
Fixed Assets
Current Assets
Current Liabilities
Fund Balance
199,472
1,784,307 1,983.779
111.100
4,287
115,387
12,499
{2,4931
14,9921
298,073 1,786,101 2,084,174
Page 10