Charlty reglstratlon number249913 THE KRISTINA MARTIN CHARITABLE TRUST ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE KRISTINA MARTIN CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA J V Parry Ir8lrred 24 Febru 20241 Mr P D TOrnpThJ Mr D A Thomas {app)Inl 24 Fgbruary 20241 Charlty numbèr 249913 Reglstered offl¢e Suite 7 Th9 Town Hall Newtyjry Berkshire RG14 SAA Independent Examlner UHY Ross 8roc4(e Suite I Windrush Court Abingdon Bustness Pa Abth)n OX14 1SY 8an*ers CAF Bank Ltd 25 lQngs HNI Avenue KirvJs Hill Wè$1 M811ing Kent MEI9 4JQ Investment advlsors Brewin Dolph•i 12 SmthfieEd Street London EC1A9BD
THE KRISTINA MARTIN CHARITABLE TRUST CONTENTS Trustees. rpport St81omgnl of Iw$tee8' E¥1bti0y dependent examineffs tep)rt Slotsment offlnandal athtie8 Slatement of flnanctal tiOn te8 to finan[ statements 8-15
THE KRISTINA MARTIN CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The truste&8 P11 their report and financial statsments forthe year ended 5 April 2024. The financial 9tstem8nts h8v• beèn prapar¢d in accordance with the acwunts'ng poliries Set out in note 1 to the financ1 stst•m¢nts and comply with the charitys Deed ofTrust dated 8 September 1988, thé Charitsès Aet 2011 and.A¢CnrQ and Reporting by Chariti&s.' Stat•mnt ofRgcommended Practirappli¢8ble to charities prepariTrJ their accounts in aewrdarKe wilh Ihg Finanoal ReFKJrting Stsndard applicabl& in Iha UK anfj R&puWi¢ of Ir&land IFRS 1021. las amended for aMyJnting perKJds comm8nang from 1 Jat)uary 20161. Obl•cllv•s and a¢llvlll•s During th8 ar thè tN¥tèg5 hpve aded in atxordance wilh the chArity's objectivès alod In Iho tru81 degs. whid) are a8 fdlowB'. the trustees shari pay or apply thè ¢ntirety of the annual income of the trust fund to $u¢h d)arilabl• Foundations ènd for such tharitsbte pu03e3 as the Trustses shall Jma to in their absolute discretion deternin8. the tru$l&o$ Shall have wwer from time to time in their atKsoluts distteJon rf they 8haU 80 think fil to pay or apY any part or parts or the 01? of the ¢apital of the Tn1 Fund to any charltaNg foundallon or for any ¢haritable wrpo8e. Th? Irustees have paid duè rogard to guldance i58ued by the Chlty Commi881c in d8eld1 what a¢tlvitie$ Ihe tharity should undèrt•kè. SlgnSflcant actmths The ¢barity Continued to receive incLJmg from Its Investments, and rnada grants to variou8 ¢harilabl& instrtullon8 Ul aCCA]rdar with thè tèmis of Ihe trust. Th&Trustdoè8 notaclivetyfundraise and 8oek8tO Lty)nlIn the chalitaa work d¢8irèd tyythe benelactOYB through thg ¢areful $teward8hip of its eXiStiJ resour. Publ1¢ ben•fft The Twstees have relead lo the Charity Commi5sion% genèral gurdan¢e on publlc benefft rgvlevAng the Charity's aims objectives and in planning its futu a¢tiwtie8. In particular. th& Trusi889 eon$ider howplanned a¢ts"vth"gs ill contribule lo th& aim$ and objecth5 ofthe Charity sal1"ng the p1¢ benefrt TequirnmenL Grant maklng The charty's giant makng policy •n¢0Mees the full brèadlh olch8ritabl8 purpJse8 forthe berfftoflh&gen9ral pU1C and manktnd. Although th• trust•o$ retain discrelion to b8nèfit the full $pe¢lTum of chariiabl8 objads. on? of the focuse8 of the charity durtrwJ the year has been lo benefit ¢aug¥$ whith promote improv8m8nt ol menlal heallh and mental heallh 8ne&s. suifAde prevention and ¢are folloWN b&raaV&nt. The trusle•s con$tr Posble charilabl• bonèfittaries rd purposes and Othgrlhan Iwing regard to the Charty Commission's guidance on Publ1¢ Benefil ihe Iruste8s orè r8stiithd in their charita• grant maknng nor ¢10 thgy w¥rd Ihem8elves ag bound by PT¢cedenl. The tru8ts8s Segk to make grants from thè Intom& avlilat4e18ubjt to tholr r¢*rveB policy) 80 th8y arè sddom •blg lo rnake grants in r&spong¢ to unsoliated applicatlons. In ord8rlo minimi8e adminlstralivtr Costs. Ihe Irustees regret that Ih•y ale not able to reply to any prints¢J or electronic corregponden¢o or Tetum material supplied in support of un8cAiated apicatiC$.
THE KRISTINA MARTIN CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR ThIE YEAR ENDED 6 APRIL 2024 Achièvèmgnts and performance ¢harltabl• activItS During the year. the Trusle&s awordgd grants totfino £247,0001S Aprll 2023.. £281,352110 2715 Aprfl 2023: 291 n$lllu¢lon$ in thtr UK, the delai18 ofwhich are given in Ihe notes to the ftnanrial statements. Investment perforniar The Twst employs investment advisers. who charg8 a managemenl fee for their SeIceS. ond the Twstees keèp their investmentslr8tegy Underlw. In the current yèarthay hava not adopt•d a fomHI elhi¢al 1ftwment lIty. The TNStee¥ last reviewed their investment prjlicy in 2023 and adopted an upjaled pdicy at the Ima dated 171h February 2023. Tr Tnths wrtend to revbew thÈs pJlt¢y on a w(dar basos. TheTrustees 8resatisf¢edwith the level of retum oblained on the assèts undèrmanagamant in l¥htofth&balaneéd 8pproach to IrM9 and growth and the m8diurn risk uNe8trrEnt risk pc4iw which has been adcpted. Internal and èxt¢mal factorg Tho most $vJnificanl factors that affect the Trust ai• th8 atI$ of tha prèvailing aconcfflic ndillOn on I investment returns. The trustees are satisfiod that the dis¢rtrtionary inveslment mandate given to the investment Manage and the medium th$k policy adopted w1 enable the Irustees lo make furthar granls in thè yw ahèad. Flnanelal rn1S•w Tolal incom8 for tha yè8r ènd•d 5 Awil 2024 was £241,17612023'. £283.6461. Th& n&t gains on Investments fri the year end8d 5 April 2024 totalled £810,344 {2023.' net1058 of £707.498}. Total exwwjltum forth ygar ded S Aprll 2024 8mount¢d to £316,29612023.' £350,850). Tolal funds ovailablèto Ihg Iru8tee¥ as at 5April 2024 arTr)unted to £9.785.033 (2023.. £9,049,8Cg1. R$•r4es policy It i¥ Ihè policy of the TnJstee8 to distribute the annual rnt In¢¢m¢ from Ihe tharity'8 endrrwmenl each year in the lomi of grants to not-for-profft or98nlsallorffj. At the Trusle•s' discr8tion wtal may 0180 b& wthdM¥n lo $upphmènt incrne il required. A soparntè Inm9 fvnd is held to erffjure 8latxlty In tho grant rnaklno programme and lo erHbl8 regular payrnents of grants and InvoeS to be made. and to gn$ure a15 finandal commitments can be met in the Unlike event of the monthly inv&sIml incxjme being delayed or not recaved. Thè largat l•vo1 for suc in¢¢me furHI is 12 month8 of non4rant expendituw plus any longer lemi legally binding and ascertaine¢1 finanaal ¢ommilments (excluding Inve8trn?nl management t1. Thè a¢iual level ofthe inc¥Jme fijnd al 5 April 2024 was £50,868. Rlsk Thè tw$1 have a8sessed lh8 major risk8 to vthleh th& ¢h•rify is expo¥ed. arHI are satisfied that systèms arè In pl8ce to mitigate exposure lo the malor rf$k$. The principal risk to wh¢ch th8 tharty is èxposad, is 4 k8ts.ng f411 in annual incomg or ¢•pilal vthe of t inve8tment portfolio. Thè Twstee8 m1'9ate this risk through ragul8r r•vi of thalr Énvestsnenb with their investm&rrt managw.
THE KRISTINA MARTIN CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Structu. governance and management Governlng document Th• ¢hafity 1$ ¢ontroll by it$ 90ming documènt, a deod ol bvsi dated 81h Sept8mbèr 1986, aThl constitu$ an unino)rporalgd ¢haiity. The Tnjst wa8 established by Thomas and Jacqueline Maitin folkmng Ihe death in 1965 of Iheii onty and much loved dauohler, Krl$lina Marun. Th¢ Irusl InStially re1Ve ¥ ShaOI1ft9 whS¢h had t¢lonoed lo Kri$ts"na Marbn. When Jacqueline and Thom88 Martin died, in 1989 and 1995 respectivety, Ihey left Iheir re9uary estates to arity in mernory of their daughteT with the intention that the income generated by the fund should te used lo make grants for charilable pEwposes as 8 lasting tribule to the memory of Kristin8 marn. The Injstees served dwing th8 year and up to thè dat& of slgnatvr8 of lh8 finanaal ststemonlswere.. MrA J V Parry Iretired 24 February 224) Mr P D Tcmpkins Mr D A Thomas lappoin¢8d 24 Fobruary 20241 Recrthert appolnimen( Inductlon abld tralnlng ol Tte•S When the need arises, the Ch8rity seeks to recruil additional TntheB With the experienLX and knr)ledge ofthe charity Sector that Com6mnI lh8 skill$ ol lh& dher Trullses. The induction procedures indude briefirtg new Trvstees on the history and objects oflhe Charity, the V+ishes oflhe original t4ngfa¢tors andile¢i$lw making pro¢esse$, the Then1 plan$ tsfthe Charity, a copy of Charity Cornmi5sion guidance CC3-The Essential Trusiee.. whatyou need lo ktTr)w, whal you n•8d to do, Iha currènl Inve8tmgnt Policy Statement and meetiThJ the Tntsttss. The Trustees are eroursgod to obtaln approprfotè profe$sional developm¥nt that 411 fa¢llitste doveltspment of th9Sr rde kn Ihe Charity. Organlsatlonal stnKture The Trust keep in regar contacl and me81 as Ihe nood arises to administw the Charity. The tnJste68' report was thpprov by th& Board ofTNstO08. Mr D A Thomas TNst88 9/q/ 024
THE KRISTINA MARTIN CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR ThIE YEAR ENDED 5 APRIL 2024 The trustees are responsible for Preparing the TNslees' Report aThl the fin8naal ststements in ac¢ordance wth applieable lawand United Kid¢M Ac£ounting Standards Iunited Kingdom GenerallyAc¢epted Aco)unting Praclktrl. Th• law applieAtAe to charrtios In Englond and Wales requires the tru$t¢os to prepare financial $tatsm•nts lor each finanual year which give a true and fair vlwl of the state ol affairs of th8 tsrity and of the inrfflng r¢wureos and applicalion of resources of Ihe charity forthal year. In proparirvJ these financial 8t8tsmonts. th¥ trustees are required lo: - select suitable auntIng wlide$ and thèn apply Ihem nStenty. - ot4erye Ihe methots and pthdples In th& CharfU8s SORP" - makeludgements &$tlmale$ that ar8 reasonable and Wlen( - state whether applicable a¢untIng standard8 have been followed. subjed to any maleiial deparlure8 dlgdowj and explain¥d tn th8 finan¢ial stst8mgnls', and - prgpare thg Ilnan¢lal StatsM on tho going con¢em trABiS unle$8 it13 inapprowote to presume that the charity will continue in operation. The trustees are responsibl• for keaplng $Iffit anting r•ccffd8 that disdose with reasonabte aixuracy at any ttrne the finanal position of the charity and onablg them lo ensure that the financial statements cornply wth the ChariJ&¥Ad 2011, the Charity (Accounts and Reports) RegUla'Orts 2008 and tho pmvisions ofthe Iru8t deed. They area19)iesponsibleforsaf¢guardlng the assets olthecharityand henc8 fortaking reosonable$tep$forlhe prevention and deteclion of fvaud and oth&r irregularities.
THE KRISTINA MARTIN CHARITABLE TRUST INDEPENDENT EXAMINEifs REPORT TO THE TRUSTEES OF THE KRISTINA MARTIN CHARITABLE TRUST I report to the tharity trustees C my exarnination of tho acL)JUrts ol the charity for Ihe year end8d 5 ApTiI 2024 whith are set Jt on pages 6 to 15. Respon51bllltles and basls of report As th8 charity's trust8es you arè re¥Jon$1• for Ihè prèp#r#lton oflhè aceounts in aeeord8nea ¥th th• wuir•m•nts ol Ihtr Chariti A¢t 20111lhe A¢#'l. I report in Sp9cl of my &xamination ofth¥ ¢haritl$ a¢¢ounl¥ ¢arried under section 145 01 the Act and in carrying out my examin8lton I h8vè follthyad dl thè applicoblo Directions given by the Ch¥rty Comrnis8ion under sed 145(5Mbl of Ihe Act. Ind•p•nd•nt •xamlnarfs stat•mnt I hav? completsd my examination. I that no Matlar matterB have come lo my attention in 0)ruclIc wth the •xaminatK)n giving mè e8U88 to bèliève that in any material respect.. 8c¢ounllng rOrdS not kgpt in respect of Ihe charity 88 required ty sectico 130 of Ihe Act" or the aco)unts do not accord with thos& rw)r<l$; or th8 accounts do not complywith th¢ applicable requirements ¢anceming Ih? folm and o)nlent of account8 set out in lh8 Charities (Accounts and Reports) R8gulab'on$ 2008 other Ihan any wulremenl Ihal the a¢rknunts gove a'in aThJ fair vivw. which is not a mallèr considèred a# p3rt of an indepeEKlent examination. I hav8 no Lxjncems 8rKI hav& a¢ros$ no othgr rnatte in Connl)n wlh the examination lo wltich attention should b• dravm In Ihl$ Rport In order to ende a proper urtrjerstsnding of iho accounts to bo r•ath8d. Carolinè Wèbster FCA UHY Ross Brooke Windwsh Court AbiWon Bugin&ss Park Abingdon OX14 ISY Date.. 1619124
THE KRISTINA MARTIN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 unrostrf¢t EndoThM&nt Funds Funds Unrg$trict6d Endwmènt Funds FuThJs Totsl Total 2024 2024 2023 Incthnè from: Investments 241.176 241,176 283,646 283.646 Tolal Ineoma 241,176 241,178 283.646 283.846 Eyndttur• on: Exp8nditur8 on rai8iNJ fund$ 45.860 45.860 57.350 57.350 Expendlture on eharit8ble *iv¢S 270.436 270,436 293.$00 293.500 Totsl 0XndIturn 270.436 45,860 316,298 293,500 57,350 350,850 N•t In¢t)mel{expendlturel 129,2601 {45,8601 175,120) 19,6541 157.350} 167.2041 rn$1(10s$esI on investrnents 810,344 810,344 1707.496) (707.4961 Transfers betsvegn fvnds 27.030 127,030) 131,5291 31.529 N•t movemèrtt In fund$ (22301 737,454 735.224 141,3831 1733.317} 1774.7001 Fund balanos al $tsrt ofytr•r 52.898 8.W,911 9,049.809 94,281 9.730.228 9.824,509 Fund balances at •nd of y•ar SJ.668 9.734,365 9,785,033 52,898 8.998,911 9.049.809 The statement of financial actiwtles indudes all gains and loss&s recognised in the year. All IrOMe and eXPdIte derive from continuing ac1Mt8.
THE KRISTINA MARTIN CHARITABLE TRUST STATEMENT OF FINANCIAL POSITION ASA T5APRIL 2024 2024 20fJ Flxed assets Inve¥lments 10 9,734,365 8.996,911 D•bkffs 12 3.014 Cash al bank and in h8j 63.731 87.349 86,745 9).748 Credltars: amounts lalllng duo wlthln year 13 (18.077) (27,89)) Net uJrTent a68ets 50.868 62.898 Total assets le current Ilabilitses Credltors: amounts talllng due aft¥r morèthan ong year 9.78S.033 9,059,809 14 110.0001 Net assets 9.785.033 9,049,809 Capltal funds Expendable end¢wment fund 17 9.734.365 8,906,911 Income funds Unrestiicted •JndB 17 50.868 52,898 9,785,033 9,049.809 91912024. The financial statthn appmed by ts Trustees on .......... . . . Mr O A Thoma$ Trustee Mr P D Tompkins Truste•
THE KRISTINA MARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng polldos Charlty infOation The Krbstkna MaTtin Charitable Twst 18 an unint))ed charity govemed by trust daad. 1.1 Accounting convention Thè financlal $ts1gmenl$ havg be¥n prepared in acts)Tdance wrth Ihe thality Injsl deed dated 91h September 1966. the CharitiesAct 2011 and'Attounling and R•porting by Chaiits&s: Strt8mantof Ro¢ommeTrJ$d Practice applicable to charities pr8paring theiraccounts in ac¢ofdan¢è with the Finan¢io1 Reportlng Slandard appli¢ablo in tho UK and Republicof IrelarKI IFRS 1021" las amend8d fOraCunIing periods com8nun9 from 1 January 20161. Tr charity is 8 Public 88nèfil Entty ae tsfined by FRS 102. Thè Charity h8¥ taken athantsgg ofthe prow8pJnB in the SORP for charities applywig FRS 102 Update Buletin 1 not lo prepare a Statement of Cash Flows. The finaneial Slaternents have depart•d from tha ChaTiti•s IAcc£+unt8 and Reports) R•gulations 2008 onty to the ext¢nl required lo provide a twe and fair view. This departure has invdved followng the Statern•nl of R•eommendga Practi tharit$ applying FRS 102 rather than the version of th& Ststemgnt L Reccmmended Prace¢ whith 1$ ref9d to in the Règulatton8, butwhbch ha8 Bince been wthdrawn. The fina181 Statements are prepared in st8rtlng. whl¢h b the fun¢tlonal rrencY of Ihe chaiiiy. Monetary amounts in lh¢ financial ¥tatements are rounded to the nearest £. The fironC1 slatèmènts havo beon prnp8red uThJer the hi8toric41 cost ccrfNenlion, modifi8d to inthd• the revalualion of ¢ertaln financlal (n8lNment8 at fair value. Th8 prinapal accounting r¥)lic48s adoptsd ar& $01 out 1.2 Golng con¢wn At the time of approving the finan¢lal $tatem¢nts, the Iru8tees have a reasonable expectation that th• charity has adequato ro$¢ur8 lo contrnue in operational existence fo¥ the lores6eabl6 futur¥. Thu$ Ihe trte¥S ntinue to adopt the going concem ba$ls of a¢¢ounling in preparing Ihe financial statements. 1.3 Charitabl• funds Unrestricted funds arè availablè for use al the discretson of the Itee5 in furth&ran¢o of thelr Chorta? obAgth$. The 1$ fvrtded by an expendable endowmènt fund. Any tranth from rA to the fijnd are slllp on the slatewftnt ol fir*naal arti8$ as trangfeTS fwKl$. The income IromthefuThJ is Lbsod to mo91 Ihe obJ'@¢ts ofthe charity. 1.4 Ineoming r¢&ources neomè is recogni8ed %then Ihe charity is legally 8ntlUad to R after any perf0mnCe fY)ndittoM hav• en mel the amoun18 can be mSUre rnablY, and rt is prcèable that incom8 will rer¥•d. 1.5 Resour¢es exwnded Liabilitie8 are cognIsl as expenthlure a8 800n a6 there is a legal or c0ngtweU obli9alion committing the charity to that èxpèndiluTe, il is probab18 that a trangf•r ol nOMi¢ benefits WIN b8 r8quir8d in setttamènt and the amsnt of the obllgalion can be rneasured reliab. Expendfture 18 acrnunted for on an aru815 ba$w and has been dassified undgr h8adino$ that aggregale all cosl r8lat•d to Ihg category. Where COBts cannot ba dir8dy attribulod to parUcular heading8. th&y have all¢ted to ath'vibes on a l>asl$ con$lslent with the u8e of resourc•s. Granls are recconl$ed a$ oxpendilure vthen Ihe C41trfft)ilmont 1$ onteTed into. Grants eLfflmitt•d to trdrt ncl yet paid at thè ar Ènd dale are carried IarlI wlthin credrtoTs. Grants offered subjeel to conditknw wlmch have not been met at the ygar end dale are noted as a commitment but not attrued as expenditur•.
THE KRISTINA MARTIN CHARITABLE TRUST NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Aecountlng polld•s {Contlnued) 1.6 Flxed asset Investmenis Flxed a$8el in$1ments arn kn6tialW me¥wr¢d at Iran$a¢tl)n fv oxdudlng IransaGIIcm C¥)sls and are 8ub8equenty measured at fair value at eath rep)rting date. Changes in fair value are recolSed in net incom81(8XP8nditurel fortha y8ar. Transaction rxssts arè •xp8nswJ as incurr8d. 1.7 Cash and cash equlvalents Cash and cash ewivalenL8 indude caBh in hand. depowts held at call wth bank8. other ShOrt-te liquid investmenls wth original maturitie8 01 three monlhs or less. and bank overdraft8. Bk overdrafts are shown vthin borrwno$ in Thent Ik8.11#¥. Basle finanelalassets Basi¢ financlal assets. whlch inelude debtOTS and cash and bank balae$. are initialty measur8d at transaction pric8 including transaction costs 8ftd are subsoquènly carriad at amortisad 8t U8irig tho effgctive intergst method unl&s$ th& arrang¥m¥nt ¢on8lllules a finanting n$•Ction, where the transaction is measured al the pFès¥nt valug of the future receipts discounted al a market rate of interest. Financial assets classrfied as receivable withit) on& year ar¢ not aNth"¥ed. 8a$k flnan¢lalllabllld•s Basic f5nanaal liabilibes, including ueditors and bank loans af• IiifLl8lly re¢c#3nised al tr8n8a¢tion price unle89 th¥ arrang¢menl ¢tsnstilute¥ a fmancing transaction. wherethe debt instrument is measured at th8 presentvalue of the fijture paymonls discouni•d at a markot rate of Mit8rè8t. FirwiLig1 liabi1th98 dlfIed a8 payable ilhin on& y08r are not amoriised. Debt instruments are gubs6qu8ntly ¢arrf¢d at amorll8ed )91. using the effective interest rate melhod. Trade uedftors are obltgaticffls to pay for goods or sarvw Ihat ha beon a¢4ulr¢d in the Ordin cryJr8e af 0ratiOn$frOM supplier¥. Amounts payable are dassified as current liabilities if paymènt is within onè yaar or less.11 nol. they ar& pr&s8niad as non-¢urrent babilitie8. Trade ciedilors aTe recognised inibalty at Iransact txice and 8thequonUy measurèd at amorlfjsèd eost %n9 the Offe(8 tnteresl method. Dern¢+1ll?n of Iln•nc141 Ikblllrf Flnaneial li8blllti¢8 are derecogni8ed when th8 charfty's conlractual ob]Igth"on$ expirt or di8tharged or cancdled. Crltkal accountlng estlmates and ludgemgnts In the appliction of th8 ehartty's ac¢ounling policie8. the trustees are reqsJire4J lo make jLKlg•m8nts, 8stimat08 and assumptions about thè CaTrytng amounl of assets and liabilthes that ar& not e(lItY apparent from other sourc•$. The èstimotes and asscoaEed assumptions are bad on historical ¢xpwi?nr and other lacto¥s that are ¢onsidered to be relevanl. Actual r•sults may différ frtsm e8timates. Th• &stimalès and yn¢Jerfyinu assumptions ar8 revi•wed on on ongolng b89i8. Revi&ons 10 8CCCrtJnling e3limates are recognised in thg peri¢d in whith the estimate 18 revised whe the revisKsn affeds only that period. or in the period of the revision and l)Jtur¢ riods where the revision affects both ujrrant 8nd futu ricJs.
THE KRISTINA MARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) R)R THE YEAR ENDED S APRIL 2024 Income from Inv•stments Income fmrn inveslment PLvffotso rJ9.629 281,637 Inter8st re¢•ivatye 1,S47 241,176 283,646 Expendlture on ralslng funds 2024 2023 InlImon1 management charges 45.880 57.350 45.8e 57.350 ExpendSture on charltablfr aetlvlll•s 2024 2023 AdmIni8trdc and g•nwal legal expen8e8 IndeFendent Examlnatkn Fees 19.028 5.338 1.0 Auditfeos 3.600 Auditorlexaminef8 remun8fation- non-oudlt sgNIc•8 3.210 23,436 12,148 Grant funding of aclivrfès {soè noto 61 247.000 281.352 270.436 293,SCQ 10-
THE KRISTINA MARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Grants payable 2023 Watertoo Un¢tsv¥r¢d Samaritans NaUong1 Children's Bureau fchild Bereavement Tntsl'l Young Minds Tw$t Place2bè The May Tree Respite Centro Grief Enwunbr Prole¢l Campaign Agalrt Lmng Mi88rthy Eight Bells for M8nt81 Hg81th Crusè 8w&avemènl Car STEM4 SurvNor¥ ol Bereavement by Swide Gras5fOOts Suicklo Prevenlic Papyrus Prevention of Young Suiddo Rethink Mental Illn¢ss Iworklno name of Nat(onal Schizophrnnia Fellowship) Tha Comp8sslonats Friend¥ Th8 Lullaby Tru31 CPrIe3 Waller Memorial Tn1 Btssence Farni Communty mit9<1 CHUMS Ch8rlty Combat Stre$$ Famitho Communty Netswjrk MIND Pa1n80n'8 Dis&asg Society ollhe unit Kingdom SANDS- Stillbirth and Neonatal D8ath Society Scolty's Little S¢4dierB Seesaw SSNAP- SuPpt for SI Nvwbom and th8tr Parents St Christopher HogpIc* St Clare Hospi Swngs and Smile$ The Listening Place West Barks FO Bank West Berks Meneap Young Peo& and Children First rime to Talk West 8erkshir• Th• Falklar School Charitable Trust Winston's Imsh YANA Rwal Agrf¢uKuRI 8enevotenl ItiblOn 25,000 10,000 9.000 9.OlXJ 9.000 9.000 8.000 9,OQ) 9.000 10,000 10,OIX) 10,000 10,000 10.000 10,000 10,000 10,000 10,000 9.000 9.OQ) 9.000 9,000 9.oc 9.000 9,000 9,000 9,OCA) 10,000 9,732 1,000 10,C 10,000 10,000 10,000 5,000 10,000 9,000 9,000 9.01 9.000 10,000 10,000 5,000 10,000 10,000 10,000 10.000 10,000 9,000 9,000 8,OlXI 15,000 9,000 9.000 9.000 247,000 281,352
THE KRISTINA MARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Grants pay•bl• Icontlnued) Grant8 ar8 re(rsd 48 gxpondilur& and induded the list above when tha commotsneftt 1$ tnter¢d Into. Grnnts cnMItted lo bul not yel paid at thè year and datè ar¢ carri forward within uediloT8 (note5 13 and 14}. Nffie of the trustees I any pèrsons connected th them} reNed ramuneraOn 1(nO Ihis Or Ihè W8viou$ ygar. Two tru$letr8 were reinU{SOd £315 for expen8¢$ In¢urred on behaw of th8 charity12023.' £4001. 12-
THE KRISTINA MARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 Employe8s The average monthly number ofemployees thrmg the yearwas.. 2023 Number Number Total There w8ro no employees %those annual r¥muner8.•j} w98 rn0 th £60,OJO. Net galnsllloss&s) on iTrv•stments 2024 2023 RevaliC tsf irweslThn¢ 765,148 1850,382} Gainlllossl on salg ollnvgsth1onts 45.198 157.114} 810.344 1707.496} 10 Flxed asset Investmwnts C#sh in portt¢llo Investmenls Tolal Valuatlon At 6 April 2023 8.930.836 e6.075 8,996,911 Addiliong 3,825.962 3,825.962 Changes in value 810.344 810,344 Dl$posal$ 13.876,9851 13,876,985) Cash movements P1.867) 121,8671 At 5 April 2024 9,690,157 44.208 9.734.365 Carrylng amount At S April 2024 9,690.157 9.734.365 At 5 April 20fJ 8.930.636 66.075 8.998.911 13-
THE KRISTINA MARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 11 Financial Instruments 2024 20Z3 caYing amount of Ilnanclal assets InstNm¢nts Msur0d al fa value throwJh wofit OT Ioss 9,690,157 8.930,836 12 Debtors Prepaym8nts 3.014 3.399 3.014 3.399 13 Credltors: amoubts talllng du• wlthln one year 2024 2023 onl$ pay•b 10,OtJ) 20,000 Aecnjals and dg1gThed tn¢omtr 6.0T7 7,850 16,077 27,850 14 Credllors: amounts lalllng duè after more than one year 2023 i>ant$ payable 10.000 15 Related party transactlons Expenses of £0 w8ra rèimbmed to Mr P D Tompkin. a tru8tee.12023". £581. Expen8e8 of £315 ware relnrf)urned to A J V Pary. a truste812023'. £3421. 14-
THE KRISTINA MARTIN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 16 Opernting lease comrnltmentg The total offijture minimum18as8 payments under non-cancellabkg op8rating lea8es al th8 oftho reporting parlc*J wa$.. 2024 2023 Not latsr one y&ar 2.400 2.4CM) 17 An8lysl$ olnet assets beiween funds unr9str1¢t Endowment Funds Funds 2024 20 Total Fwds 2023 Fund8 2U23 Tolal 2023 Fund balances are represented by: F6xed a8¥et investments 9.734.5 9.734.385 8.996,911 8.996,911 Netcurrenl 8$8et8 50.868 50.868 52,898 52,898 50.668 9,734,385 9,785.033 52.898 8,996,911 9.IMg,809 1s-