CLARKE'S & MARSHALL'S CHARITIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
ST
31 MARCH 2025
Percy Westhead & Company
Chartered Accountants
And Statutory Auditors
Hanover House
30-32 Charfolte Street
Manchester
M14FD

CLARKE'S & MARSHALL'S CHARITIES
CONTENTS
PAGE
Officers and Professional Advisers
Trustees, Report
Auditof s Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10-15
The ft>llowing pages do not fom7 part of the Accounts...
Investment Schedule
16-20

CLARKE'S AND MARSHALL'S CHARITIES
OFFICERS AND PROFESSIONAL ADVISERS
Founded by:
George Marshall
George Clarke
Trustees acting during the year endèd 31 March 2025
Peter Richard Higham (Chairman)
Charles David Oakes (Died 141h June 2025)
Alfred Henry Marinus Ston6 (Hon. Secretary, resigned from role 215t November 2024)
Roderick Michael Wilhinshaw {Hon. Treasurer)
Giles Hugh Joynson Gaddum
Peter Anthony Nicholas Sornekh
Kathryn Ann Graham (Hon. Secretary, appointed to role 21 $1 November 2024)
James Christian Patrick Bailey
John George McDakin Simpson
Kate Victoria Lawlor
Jeremy Charles Steele
1624
1636
st
Address:
14 Common Lane
Kelsall
Tarporley
Cheshire
CW6 OPT
Bankers:
Virgin Money
6 Bridge Streel
St Helens
WA10 1NF
Investment Managers:
Rathbones Investment Management
3 Hardman Street
Spinningfields
Manchester
M3 3HF
Auditor:
Percy Westhead & Company
Chartered Accountants and Statutory Auditors
Hanover House
30-32 Charlotte Street
Manchester
M14FD
Charitable Status:
Registered Charity Number 220728

CLARKE'S AND MARSHALL'S CHARITIES
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2025
Constitution
The Charities were founded by George Marshall and George Clarke in 1624 and 1636 respectively. A renewed
Trust Deed was effected on 30th March 1932 and the Charities are registered with the Charity Commission,
Number 220728. As the two Charities have common truslees and objectives, the Charity Commission has
directed that they be treated and administered as a single Charty. The Charities, address is shown on page 1.
Objectives and activities for the public benefit
The purpose of Ihe Charities is the support of the needy in the Manchester area through making grants to
appropriate individuals and institutions. The Trustees confimi that they have referred to the Charity
Commission's guidance on public benefit when reviewing the Charities, aims and objectives, in planning future
activities, and setting the grant making policy for the year.
A5 in previous years the Charities further their charitable purposes by managing and receiving income from
their Investments and other Assets and, from the income, making an annual contribution to the Manchester
Relief In Need CIO in accordance with the Charity Commission Scheme dated 181h November 1974.
Trustees and Organisation
The Trustees determine the general direction and policies of the Charities at annual meetings. These policies
are implemented on a day to day basis by the chairman, the treasurer and the secretsry, in conjunction with the
investment advisers and discussion with the other Trustees as appropriate. Delails of the Trustees acting during
the period are shown on page 1. New Trustees may be appointed by the current Trustees.
Finances and Activity
Details of the resulls and the Charities, state of affairs are shown on pages 8 and 9 of the Accounts. The
Trustees consider these to be satisfactory and consider that the Charities have adequate resources to enable
thern to continue to meet their objectives.
Income Fund
Investment and other income increased compared to the previous period and amounted to £77,259 {2024.'
£73,997}. In furtherance of their objectives, the Charities made a contribution of £60,000 to the Manchester
Relief In Need CIO {2024'. £57,500) which greatly assisted that Charity in carrying OLrt its work. At the year-end
there was a surplus of income, and after taking into accounl unrealised losses arising from the revaluation of
investments. the accumulated balance on Income Fund increased from £194,820 to £211,641. Ofthis balance,
the sum of £76,523 represents unrealised gains on the revaluation of investments {2024'. £73,001).
Capital Fund
Investment management costs decreased in the year to £8,411 (2024.. £9,340), there were realised losses on
disposal of £4,674 in the year and unrealised gain5 on revaluation were £14,742. As a result of this, the balance
on Capital Fund at 31st March 2025 increased to £1,319,05912024'. £1,317,402) Of this balance, the sum of
£587,084 represents unrealised gains on the revaluation of investments (2024.. £592,389).

CLARKE'S AND MARSHALL'S CHARITIES
ST
TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 (Continued)
Investments
Investment Policy
Under the terms of the Charities. constitution, the Trustees have unrestrided powers of investment. In
exercising these powers, the Trustees seek to achieve a balanced return to produce income to meet the
annual contribution to the Manchester Relief In Need CIO, whilst at the same time achieving long tsrm capital
growth to maintain the real value of the underlying fvnds.
Over the year to 31 March 2025 the portfolio increased in value by 6.480k outperforming ARC and the
benchmark. The income yield remained attractive at 5.20h and the equity weighting at 70Vo continues to reflect
a Medium-High approach to equity exposure.
Major large capitalised markets were broadly positive over the year as economies and corporales reacted
with cautious optimism after political elections in the UK and US.
Falling interest rates over the reporting period provided support for company valuations and improving
economic conditions underpinned the Stock market performance. Overthe period underlying corporate results
were encouraging as profitability and revenue remained resilient.
Transactions
There have been a number of investment changes during the period as detailed on the investment schedule,
with a net decrease in monies invested of £12,225. The Charities have continued to retain some liquid funds
to enable them to take advantage of possible investment opportunities. The total value of investments at 31
March 2025 was £1,442,676 (2024.. £1,441,311). Details regarding investments are shown in Note 7 to the
Accounts and in the detailed investment schedule on pages 16 to 20.
5t
Reserves Policy
Income Fund
As indicated in the notes to the accounts, the Charities, policy is to distribute the clear yearly income to the
Manchester Relief In Need CIO. As a re5uII of events in previous years, a balance has been accumulated on
Income Fund and this is gradually being utilised to increase the annual payments to the above Mentioned
Charity.
Capital Fund
It is the policy of the Charities to retain this Fund and the underlying investments, in order to provide a
continuing source of income to enable the objective of making annual payments as oullined above lo be
continued in the fLJture.
Risk Management
The Trustees review the major risks that the Charities fa￿ on a regLtlar basis. The Trustees are satisfied that
such risks are understood and systems are in place to ènsure that these will not affect the Charities, ability to
continue their activities in the future.

CLARKE'S AND MARSHALL'S CHARITIES
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2025 (Continued)
Trustees Responsibllities
The Trustees are responsible for preparing the Trustees, Report and the financial slatements in accordance
with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102..
The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practi￿).
The law applicable to charities in England & Wales requires the Trustees to prepa￿ financial statemenls for
each financial year which give a true and fair view of the state of affairs of the Charities and of the incoming
resources and application of resources of the Charities for that period. In preparing these financial statements,
the Trustees are required to..
select suitsble accounting policies and then apply them consislently.,
ObSe￿e the methods and principles in the Charities SORP.,
make judgments and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial stalements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the Charities will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the Chanties and enable them to ensure that the financial statements
comply with the Charities Act 2011, the Chartty (Accounts and Reports} Regulations 2008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the Charities and hence for taking
reasonable sleps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees and signed on their behalf.
2£)IS,
K. A. Graham (Hon Secretary)
Date

CLARKE'S AND MARSHALL'S CHARITIES
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CLARKE'S AND MARSHALL'S
CHARITIES
Opinion
We have audited the financial statements of Clarke's and Marshall's Charities (the "Charities") for the year
ended 31" MarGh 2025 which comprise the Statement of Financial Activilies, the Balance Sheet and notes to
the financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards. including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the
UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the Charities, affairs as at 31 * March 2025 and of its income
and expenditure for the year Ihen ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requirements of the Charities Act 2011.
Basss for opinion
We conducted our audf( in accordance with International Standards on Auditing (UK) {ISAs (UKI) and
applicable law. Our responsibilities under those slandards are further described in the Auditorfs responsibilities
for the audit of the financial statements section of Our report. We are independent of the Charities in
accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethi¢al Standard, and the provisions available for small entities, and we have fulfilled our
other ethical responsibilities in accordan￿ with these requirements. We believe that the audit evidence we
have obtsined is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financial stalements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions thal, individually or collectively, may cast significant doubt on the charity's ability to continue as a
going con￿rn for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the trustees with respect to going con￿rn are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the trustees, annual report, otherthan the financial
statements and our auditorfs report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other infomation and we do not express any form of
assurance conclusion thereon.

CLARKE'S AND MARSHALL'S CHARITIES
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CLARKE'S AND MARSHALL'S
CHARITIES (Continued)
Our responsibility 15 to read the other information and. in doing so, consider whether the other infomiation is
materially inconsistent with the financial statement5 or our knowledge obtained in the course of the audit or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to detemiine whether this gives rise to a material misstatement in the financial
stalements themselves. If, based on the work we have perfomied, we conclude that Ihere is a material
misstatement of this other information, we are required to report Ihat fact.
We have nothing to report in this regard.
Matters on which we are required to report by exceptlon
We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the trustees, r6POrt is inconsistent in any material respect with the financial
statements- or
sufficient accounting records have not been kept-
the financial statements are not in agreemenl with the accounting records and retums., or
we have not obtained all the infomiation and explanations necessary for the purposes of our audit.
Responsiblllties of the trustees
As explained more fully in the trustees, responsibilities statement, the trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as they detemiine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charities, ability to
continue as a going cOn￿rn, disclosing, as applicable, matters related to going concern and using the going
Concem basis of accounting unless the trustees either intend to liquidate the Charities or to cease operations,
or have no realistic alternative but to do so.
Our responsibilities for the audit of the financlal statements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstalement, whether due to fraud or error, and to issue an auditorfs report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always détect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, lo detect material misststements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below..

CLARKE'S AND MARSHALL'S CHARITIES
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CLARKE'S AND MARSHALL'S
CHARITIES (Continued)
We identified areas of laws and regulations, relevant to charities of this size, Ihat could reasonably be expected
to have a material effect on Ihe financial statements from discussions with the trustees and key personnel.
We communicated identified laws and regulations lo our audit team and remained alert to any indications of
non-compliance with laws and regulations.
The Charities are subject to laws and regulations that direcdy affect the financial statements including financial
reporting legislation and taxation legislation. We assessed the extent of compliance with these laws and
regulations as part of our procedures on the related financial statement items.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, as these may for example involve fraud or override of
intemal controls and we are not responsible for preventing non-compliance.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. Iwww.frc.org.uklauditorsresponsibilitiesl. This description forms part of our
auditorfs report.
Use of our report
This report is made solely to the Charities, trustees, as a body, in accordance Part 4 of the Charities (Accounts
and Reports} Regulations 2008. Our audit work has been undertaken so that we might slate to the Charities,
trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other Ihan the Charities,
trustees as a body, for our audit work. for this report, or for the opinions we have formed.
Percy Westhead & Company
Chartered Accountants and Statutory Audrtors
Hanover House
30-32 Charlotte Street
Manchester
M14FD
Date.. 20 11. 201
Percy Westhead & Company is eligible for appointment as auditor of the charity by virtue of its eligibilty for
appointment as auditor of a company under section 1212 ofthe Companies Act 2006.

CLARKE'S AND MARSHALL'S CHARITIES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST MARCH 2025
Income
Fund
2025
Capital
Fund
2025
Total
Funds
2025
Total
Funds
2024
Notes
INCOME AND ENDOWMENTS
Investment income
77,258.95
77,258.95
73,997
TOTAL INCOME
77,258.95
77,258.95
73,997
EXPENDITURE
Costs of raising funds
Investment management eosls
8,410.52
8,410.52
9,340
Expenditure on Charitable activities
Grant making
63,960.00
63,960.00
61,340
TOTAL EXPENDITURE
63.960.00
8,410.52
72,370.52
70,680
NET INCOMEIIEXPENDITURE) BEFORE
GAINS AND LOSSES ON
INVESTMENTS
13.298.95
18,410.521
4,888.43
3,317
GAINSILOSSES ON INVESTMENTS
Realised gainslllossesl on investments
Unrealised gainslllossesl on investments
14,674.171
14,741.99
14,674.171
18,263.99
15581
114,5861
3,522.00
NET MOVEMENT IN FUNDS
16,820.95
1,657.30
18,478.25
111,8271
Reconclllatlon of Funds
Fund Balances brought forward
194,819.78
1,317.401.83
1,512,221.61
1,524,049
FUND BALANCES CARRIED FORWARD 10
£211,640.73 £1,319,059 13 £1,530,699.86
£1,512,222
The notes on page5 10 to 15 form part of these Accounts.

CLARKE'S AND MARSHALL'S CHARITIES
BALANCE SHEET AS AT 31ST MARCH 2025
Income
Fund
2025
Capital
Fund
2025
Total
Funds
2025
Total
Funds
2024
Notes
FIXED ASSETS
Investments
85,951.00
1,356,725.00
1,442,676.00
1,441.311
Total Flxed Assets
85,951.00
1,356,725.00
1,442,676.00
1,441,311
CURRENT ASSETS
Debtors
Cash al bank and in hand
677.27
130.390 46
677.27
92,724.59
11,584
63,167
137,665.871
Total Current Assets
131,067.73
137,685.871
93,401 86
74,751
LIA81LITIES
Creditors falling due within one year
5.411.00
5,411.00
3,840
NET CURRENT ASSETS
125,656.73
137,665.871
87.990 86
70.911
NET ASSETS
£211.607.73 £1.319.059 13 £1,530,686.88
£1,512.222
THE FUNDS OF THE CHARITIES
10
Capital Funds
General capital fund
Revaluation capital fund
Unrestricted Income Funds
General income fund
Revaluation income fund
731.974.90
587,084.23
731,974.90
587,084.23
725,013
592.389
135,117.65
76,523.08
135,117.65
76.523 08
121,819
73,001
TOTAL CHARITIES FUNDS
£211,640.73 £1,319,059. 13
£1,530,699.86
£1,512,222
The financial stslemenls on pages 8 10 15 We￿ approved by the Trustees and signed on their
behalf by the undermentioned Trustees on Zo
P. R. Higham (Chairman)
R. M. Wilhinshaw IHon. Treasurer)
K. A. Graham (Hon. Secretary)
The notes on pages 10 10 15 form part of these Ac¢ounts.

CLARKE'S AND MARSHALL'S CHARITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
1 ACCOUNTING POLICIES
(al Basls of Accounting
The financial ststements have been prepared under thè historical cost convention with items re￿)gnised * cost or
transaction value unless otherwise staled in the relevant notelsl to these ac£ounls. The finanaal st*ements have been
prepared in accordance with the Statement of Recommended Practice.. Am)unting and Reporting by Charities
preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Ropublic of
Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applKable In tho Untied Kingdom and
Republic of Ireland IFRS 1021 and the Charities Act 2011.
Th¢ charities cor￿li1ute a public bènèfft entity as defined by FRS 102.
The Irust6es consider that there are no matèrial uncertainties about the Charities, ability to continue as a going concem.
Wi(h respect to the next reporting period, 2025-28, the most significant 8reas ol uncertainty that affect the carrying
valu6 of assets held by the Trust are the level of investment return and the perfomance of investment markets (see tho
investment policy and performance and risk management sectifX)s of the trustees, annual report for morè information).
Ibl Fund Accounting
The Capital Fund is an expendable endowment fvjnd. The in(x)ma from this fund is unrestricted and 8V8ilabl¢ for use at
the discretion of the Trustees in fvtherance of the general objectwes of the Charilios.
Unrestricted income fijnds comprise those funds which the trusltres a￿ f￿e to use for any purpose in furtherance ofthe
charitable objeets. Unrestricted funds include designated fvnds where the trustees, al their discretion, hav8 crèated a
fun(J for a specAfic purpose.
lel Flxèd Asset Investsnents
Investments are a form of basic financial instrument and are initially recognised al their transaction value and
subsequently measured at their fair value as at the balan￿ sheet date using the closing qutstèd market pri￿. The
statement of finanThal activf(ies indudes the net gains and losses arising on revaluation and disposals throughout the
year.
The Charities do not acquire pul opb"ons, detivatives or other complex finanry81 instrumonts.
All gains and losses aro taken to the Staternent of Financial ALttvilies a$ they arise. Realised gains and losses on
inve5trngnts are calcu5ated as the difference be￿￿en sales proceeds and their opening carrying vslue or their purchase
value if acquired subsequent lo the first day of the ffnancial year. Unrealised gains and losses are calculated as the
differen￿ between the fair valufy at the year end and their carrying value.
Idl Inv•stment Income and Interest R•¢•lvablo
Incorne from investments is recognised in the Accwnts at the date when it be¢omes payable. Thi3 poliry represents a
departure from recommended accounting principles whi¢h require income to be recognised in the accounts on an
a¢¢tuals basis. In the cArcumslances of these Charities, the Trustees consider f( inappropriate to recognise this income
until the date when this is due to be received. Following the abolition of Advance Corporation Tax and in accordance
with rectsmmended accounting practi￿, dividend5 from UK Companies and Unit Trusts are St*￿ net. Other
investmènt incorne is stated gross. Income from Chief and Ground Rents and bank interest rècèivable is accounted for
on the accruals basis and is slated gross.
10-

CLARKE'S AND MARSHALL'S CHARITIES
NOTES TO THE FINANCIAL STATEIJJENTS FOR THE YEAR ENDED 31ST MARCH 2025
lel Expenditurn rncognition
Liabilities are recognised as expenditure as soon as ther& is a legal or constructive obligation committing the charities to
that expenditure, il is probable that s&ttlemenl will be required and the amount of the obligation can ba rneasured
reliably.
All expenditure 13 accounted for on an accruals basis. All expenses including support costs and gov6rn8nce costs are
allocated or apportioned lo the applicable expenditure headings. For more informatson on this attribution refer to note19)
below.
lfj Allo¢ation of support and govamance costs
Support costs have been allocated to other support CO51s. Govemance costs comprise all costs involving the public
ac£ountability of the charities and their compliance with regulation and good practice. These costs indude ¢osls related
lo sLitutory audr( togethèr with an apportionment of overhead and support ￿$ts.
Goveman¢e costs and support costs ￿lating lo charitable activities have been apportioned bas￿ on the number of
individual grant awards made in recognition that the adminislralive costs of awardin9. monitoring and assessing grants
are broadly equivalent. The allocation of sUPPOrt and governance costs is analysed in ncite 5.
Igl Costs of rnising fund5
The ¢osts of generating fijnds consist of investment management costs and any legal fees.
Ihl Charitablo a￿Viti00
Costs of charitable aCtiv￿.e$ indude grants made, governance costs and an apportionment of support costs as shown in
2. TRUSTEES, FEES
The trustees all give freely their time and expertise without any form of remuneration or other b&nefit in cash or kind12024..
£nill. No expense5 have been paid to the Iruslees in the year {2024.' £nlll.
3 INVESTMENT INCOME
2025
2024
Income from investments
Interest on cash deposits
Chief and Ground Rents re￿1¥able
76,357.81
728.64
174.50
73,110
712
175
77,258.95
73,997
11

CLARKE'S AND MARSHALL'S CHARITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 202S
4 INVESTMENT MANAGEMENT COSTS
2025
2024
Investment management fees
8,410.52
9,340
8.410.52
9,340
In 2025, all £8,410.52 {2024.' £9,34010l investment managèment cxjsts were attn'butable lo capital fijnds
5 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS
The breakdown of support rJ)sts and govemance ¢osts are shown below. Apporbonment is solety lo grant making
expenditure as the sole activrfty.
2025
2024
Support ¢08ts
Bank tharges
2025
2024
Govemance costs:
Audilcils remuneration
3,960.00
3,840
3.960.00
3,840
202
2024
Allo¢*ion of governance and other Support costs:
Grant making
3,960.00
3,840
3,960 00
3,840
The trustees have decided to meet all govemance costs from unre8lrided funds and so no allocation or ¢hargè is made lo
restrided funds for any 9gvematKe related costs.
The audilorf$ remunerth'on constituted an audit fee of £3,96012024.. £3,840).
12-

CLARKE'S AND MARSHALL'S CHARITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
6 ANALYSIS OF CHARITABLE EXPENDITURE
The charities undertake their charitable ath'vth'es through grant making and awarded grants in furtherance of their charitsble
artivi(ies.
Support and
Grant funded governan¢•
activi
costs
Total
2026
Total
2024
Funded from unrestricted ftjnds..
Grant making
60,000.00
3,960.00
63,960.00
61,340
Total
60,000.00
3,960.00
63,960.00
61,340
Recipients of Instltullonal grants:
The Lord Mayor's Charities were merged with other charities in 1974 to fom the Manchester Relief in Need Charity. At the
meeting of the Trustees of the Clarke's and Marshall's Charrties on 23rd July, 1974, it was resolved that the clear yearty
incnme of the ¢harilie5 be paid for the time being to the Manthesler Relief in Need Charty. The latter has since ￿an
merged with Manchester Relief In Need CIO to whith Ihe dear yearly income is now pa'd.
ATnount of
C tributio
Y•
201812019
201912020
202012021
202112022
202212023
202312024
202412025
55.000
55,000
55,000
55,000
57,500
57,500
60,000
7. FIXED ASSET INVESTMENTS
Income
Fund
2025
Capital
Fund
20
Total
Funds
2025
Total
024
Movernent in fixed asset Inwstm•nts
Valuation at start of year
Additions at cost
Diswsals- proceeds
Investment gainsllosse5-
Realised
Unrealised
Valuation at end of year
82.429.00
1,358,882.00
1,441.311.00
110.722.01
110,722.01
{122.946.831 (122,946.831
1.459,419
56,213
159.1771
14,674.1n
14.741.99
1,356,725.00
14.674.171
18,263.99
1.442,676.00
15581
14.586
1,441,311
3,522.00
85.951.00
Historical Cost
Revaluation Reserve
9,427.92
769,640.77
76,523.08
587,084.23
85,951.00 1,356,725.00
T19,068.69
663,607.31
1,442,676.00
775,921
665,390
1.441,311
Investments at falr valu• compri$ed'.
Investments
Chief and Ground Rents
85.951.00
1,356,725.00
1,442,676.00
1,441,311
85,951.00
1,356,725.00
1,442.676.00
1,441,311
13-

CLARKE'S AND MARSHALL'S CHARITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
All investments are carried at their fair value. Investment in eouities and fixed interest securities are all traded in quoted
public markets, primarily the London Stock Exchange. Holdings in common investment funds, unil trusts and open-ended
investmènt companies are at the bid price. The basis of fair value for quoted investments is equivalent to the market value,
using the bid pri¢e. Asset sales and purchases are recogni5ed at the date of trade al cost {that is their transaction valLtel.
Fdlwng the change in the adminislralion of th& Charities in 1991 thè documents of lille in support of the Re¢e5vable Chief
and Ground Rents were reviewed and it was confirmed that the ne￿SSary deeds wère held to give gotsd marketable lrtle lo
only some of the rents receivable. No valuation has been attributed to these in previous Accounts, and these have bgen
induded in the Accounts on the basis of a £nil valuation. The Trusteès do not consider it appropriate to Pla￿ 8 valuation on
these al the present time.
8. ANALYSIS OF CURRENT ASSETS
2025
2024
Other debtors
Clubs & Soaeties cu￿nI Account
Funds held wlh Stockbroker
677.27
59,628.08
33.096.51
93,401.86
11.584
34,051
29,116
74.751
9. ANALYSIS OF CURRENT LIABILITIES
2025
2024
Crgdltors undor 1 yèar
A¢cruals
5,411.00
5.411.00
3,840
3,840
10. ANALYSIS OF CHARITABLE FUNDS
Analysis of Fund movements
ains and
losses
Balance bl￿d
Inc
Ex
nditu
Fun
Transfers ￿elfwd
Capital a¢eount
General
Revaluab"on
Totsl
725,012.78
592.389.05
1.317,401.83
18,410.521
10,Cfj7.82
5,304.82
5,304.82
731,974.90
587,084.23
1.319,059.13
{8,410.521
10,067.82
Ineome Fund
Gener81
Revaluation
Total
121,818.70
73,001.08
194,819.78
77,258.95
163.960.001
3.522.00
13.522.001
3,522.00
135,117.65
76,523.08
211,640.73
77.258.95
163.960.001
3,522.00
Total
1.512,221.61
77.258.95
72,370.52
13,589.82
1,530,699.86
14-

CLARKE'S AND MARSHALL'S CHARITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
ANALYSIS OF CHARITABLE FUNDS - PREVIOUS YEAR
Analysls of Fund mov•ments
ains and
108ses
Balance blfwd
Incom
nditure
n$fo
Fund clfv
Capital account
General
Revaluation
Total
709,988.47
630,364.89
1.340,353.36
{9.339.8n
113.611.661
37,975.84
37,975.84
725,012.78
592,389.05
1,317,401.83
19,339.871
{13,611.661
Income Fund
General
R&valu*ion
Total
109,161.71
74,534.08
183.695.79
73,996.99
{61,340.001
11,533.00}
1,533.00
1,533 00
121,818.70
73,001.08
194,819.78
73.996.99
161,340.001
{1,533.001
Total
1,524,049.15
70,679 87
15 144.66
1,512,221.61
l Funds are unrestricted. Al 4 meeting of the Trust￿ on 23rd July 1974, it was resolved th* the clear yearfy income of
the Charities be paid for the time being to the Manchester Relief in Need Charity. The latter has since been merged with
Manchester Relief In Need CIO to which the dear yearfy income is now paid.
15-

oroo
OOOO
OOO
Éouo
EF 1111 I
1,15 111
EBE
J cx
11111 1555
Lo
Lts Q)

c>
tr-**tr-
oi
AIIIIEE IS
NN
cr cr rr rr <r
LU LU LU
(o w tr)(0 (o

J <
000
5 2
LL > >
>oa
J oi
to (o al
¢J4
¢J??

tstso
(o r
c)aoo
000
QthL
i <0 o
OP4W>O
> <0
E Etii
CO
11
P4 P4
iu o).5 th Its folll (ts ID
115155515
¢J
é&¢Ju &É
EIEEPEEE
zzz
PEP
000
>>>
0￿000000
OZZZZZZ

111