Chadty WlstsatluD T40. 163776 THE MARKS FAMILY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE MARKS FAMILY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION TtuStQeS Luio Mar<5 of 5rou&IDn The Mrymilièm Arnn (per Tbp REbeiia Ch•rlty number 263776 R¢iist¢t?d addrem HY4 FithEr Professional SeTh*res Llrnlte Acre Huu5e 11- IS Williarn Road NWI 3ER Indty•hdwl Ex•mln j¢ Courls HW Fither Piol¢gsion•l 5ern(es Limited AcrE HDUSQ 11- IS Willièm qoèd Lundon NWI 3ER Oankeis 21- 23 H41 Str¢et Maylail ionllon Wl151W In¥ostm•nt id¥lwrs Cana(CQfd Genuiiv Weallh Manayfflent 41 Lothtuty London EC26 7AE
THE MARKS FAMILY CHARITABLE TRUST CONTENTS P4e Trustees. repvi Statement ol trustees. responybilrties Independent examlrtÈ¥'5 report Sia¢emeniof nnantièl attivifiE5 Balance sheet Notes io the Dccoun
THE MARKS FAMILY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024 Thp tIU51Ee5 PTe5ent theif feporr and financial 5r3temetsts loi thpveai enjed S April 2024 ThE Iin3n¢131 staremETriS ho¥e tseen proparod ID accofdaniE wlh the ¥¢QUlliing policies sei out IV note I to the arcounts and Reiommenced PTdCE ILTr 4pplicablr to IhariTiQ& prcparinK aCton[S In accordance w th the +ifi•llCial ReporliR 51andard Objerikn and Tne IruS:¢4C's have Paid T¥Kard to 1SsUL'd by ihe Char ty Crmm155w In setlian 17 of rhc CharitlQ5 Art 2iidl. In Achlevemtnt5 and pertormance urin8 thv ypar thv rfent)iAied Income i¥sovrte> 01 £136.3¥312023 f I IU.1811 wThicii L'nabled thE chaTiiy to makp 11 IJD23.. 141 &rants amouptlDR to L14b.94512023. Ll33.4dll Flnah¢l•l rE¥iEW r)uiinK Ihc onded 5 Aucil 2JJ4. Invtstment in(ome was LCL11d Irorn poriiollo rnana&cd by Clnacrord G?Thuit¥ Weaiih andéemeni ol £L34,66112027 £ 110.C401 -% Oli ifb¥of%Tr f fiT5 amountL'd ts) £l,J4u.96? j&C2J.' ncl 4OS& lJU4,8J' I. Roser¥ts Pgli¢¥ InEome iu le¥L annu31 4rd Luvii matha8errtrTri artd ArtnTrinisivoiinTh rosis Anrt tf> rn •mprp,ncy APPlicaTions lof grants N%hich JT151 Irom time its timl, In tUall0Th% htrfr".he InCDme is ID5uffitieni to meet aonuai expEndilvrt. Ihg feS¥T¥es rhe Unt$t11CtVd IuDd5 01 the charit¥ Asat 5 April 202A amtsunied io É? 341.81111023 £6.416.3731. 5uppoii a V4ide ran8e olcJbsts. Thv iru5rees review-. rf And actEpttd 8IXnt applitaitonsdurinR the Trar under rLMew. During Ihe year ie Trtsst rnade 1712023.. 141 Ai5k I trustcos have assessed thr maiui risks to which Ihe carItY IS exposed. and are SJli5fied ihat SY51ems afe In place to mitiKatY eXptsIre to the major r15rt5 Irl iiider for tlie ITUSteeS to maintain the valuE ttf tbe Trusi fu. Canaicord Genuily Wealth Management advise them an their Invtsiment porcf¢lio In urdor ro SPrad r15k Iho curyenr inVEStmen'. poliiy Is lo adopi a balaTh[ed r-tufn 1rD illcDmp capital grttwlh
THE MARKS FAMIIY CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Structure, iovernnce and marsaleml The fvl3rk5 Family Chaiitable Trust IS IE8isleiod With the chai1tycomm195icts (No. 26377613nl constituted by Deed 04Trusi datEd 29 April 1971 as amenoed on 8 Klafch 20.. Thè tlustpes wh0 5ei¥ed dJiln8 the year ie-. Iprd fvlhrks olB"Du4hton The Hon Michael I1a¢ks Ihe klon Mrs Miriam Coopef Iho Hon Petsecta Maik5 IHcslyd OD 20 Nowember20231 Power of appointin6 klevl tiustee$ 15 vestEd n Lord Mbrks ul Brou¥hlon. ttie SvllloT. duiin8 his lifetime Tliy minimum vcar. On behalf of iht 8oard of Vru5teos L•vO P Trustet D•i•d'. ht 30 Ck4K)
THE MARK5 FAMILY CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPDNSIBILMES FOR THE YEAR ENDED 5 APRIL 2024 The IIu51ees aTe respoD5ible for piop31ing the TYuStevi' Aport and fin3rn1ial &tatp.rn•Dt5 In •[(ordanco applicable law and United Kingdom AccouTri1 StapdArd5 (Uniied KingdDm Gertecalty At¢epied Ac¢ounLlnR PTacii(ol. which Rive a irue 3nd lair vie% of state ol affails Dl:he chaFrly a?d ol tho In{oming resources 3nd applicaon ol resouries of the charity Ici that ¥oèr. In preparbnK these Iinancial siaiement% ¢hE uusire5arE required to.. leci sultablv a£counting oolicie5 and then apply ihcmwnystefflly-, nbricfvc Iho mLlhDdp and Pfinctplcs in Ihc r.hariiics504P-, rtTrèke iud£cmenis arttt esiimaies ihat art reasonable and prudent. 5raie vthethei apglicablc a¢¢vunting $13idards hJ¥E tollowod. Subie¢r 10 any mateiial deo•iluics disck)sed and cxolained In Ihv tru4lee5 Jie ie5pon51blo foi %uthfieni a¢(ounlini rEcords thit disflts%e wilh reasonable accuracy al any tifflP tho
THE MARKS FAMILY CHARITABLE TRUST INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MARKS FAMILY CHARtTA8LE TRUST I rEPOrt ta the trusEEES Dll my altIDn firnCIal smornonrsof The Marks tharitrblETruSt Ithc thafftyl loi th Re5poDyb115llttand b•41 off toport As Trye trusiets tf the tharity w>u ale [eSwb thp prepatIon of the fmJnci3t 5totcrncnts m 3ccordancc with the requir¥lll¥nl% ulthE chaliti Act JOII IthE 2)11 Acii I rEPQrt in re59eci OF rny oxarninaiion ol iho (.ty% fIna¢r1 s[alEtntS Carr gul 5etiion 14S vf Ihv 2DII Atl In EaTrying 01 my exarninaiion I ha¥0 follDwed èli the appmcabie DeLiiQnS 8hrn by thE Chainv Comrni551w under 5e(U Independent Axamln•r's I hAvE lornpletEd ry examinal on I tonFITrn th no rnarnrs corn io My allniiOD in wnn1rtiL with the Èiamlnètlon 8Ivin8 To bdi¢vE ihat In aDy maiei 41 respect.. occountsn8 rciord5 tiC not htpt roswa ol the (h•rity as rttyiwcd tsv5ca,on 130vlihc 20II Aci.. Dr tne4ln Jn¢JJl stJt¢ments do n•.. co0 ¥ w.th ihc Jppl4cablereou rements fofrn and contentof account5 Set out in IhE Chaitiw Report51 Rewl10n5 23 Ciho. thaD any iequiiemeTrl Ihat Ihe accoun1% iivP a true nd lèii ix nol a mattEfwt[ed M port ol an Indepdent wmIallen I <Mcprn5 caTht ?CiQS5 -0 other maner% in C¢ytyetlitsl wplh thv ttamlnatlun to thith attenliDn bE drèwn In Ih15 Teport in oidw prouy undoisiandinRnttheffiancial STaiérnenTi to he iÈathod 1 &.4. joel Courti ChJrtcrcd count3nt Hw-bshpr r)IpIn4l Servi¢tS Llmlitd Atr¥ NWI 3ER 31 Oct 2024 Dated".
THE MARKS FAMILY cHARAlE TRUST STATEMENT OF F114ANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YÈAR ÈNDED 5 APRIL 2024 Uniestritt*d lJThrÈkirltted fuDds rund5 1024 2013 Notes In<ome fmm.. 136.383 110,781 90.864 67.496 168,961 142,D95 Toul reso¥rtes expended 209.591 1.049.967 1504.8811 Net IncominillouTÉoknÉI resowtts 926.524 nlhpr rffoin15ed i¥ln5 ID5?es other iaiffls nl 10%5es li.u¥oi Net movement ID funds 929.444 1603.6911 Fund Dalancos •16 Aofil 202J 6.416.313 1.020.064 Fund balancu at 5 Aprll 1014 7.341.817 6.416,373 The stèitmttyt of hnancial aitfvities Includts all Aaifs and 105SeS reColSe0 the ar. AII IDCDMÈ •nd exptndlture dErive fiw coniinuin8 aciiviUe4.
THE MARKS FAMILY CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note5 Ix¢d amets 7.295,620 6,313,086 Curreni èssèts Cash al bank and in hand 74.429 112.2S6 Cidiiofs.' •mouTh1514llln4 wllhln one year 18,9691 46.197 103.281 Totsl •ss¢1s le$s¢uirntllalllles T.341.817 6,41S.373 Iniome lunds 7.341.817 6,4L6,373 P.341.817 6,416.373 -20 fwoh. . ,?o.) Th financial stètemenis WEie 4PPfo¥ed by Ihe Trusteos on Lord Mjrks ol BrOh1On
THE MARKS FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 AciountiTr8 pICieS Chariiy Informatlon FRS102 re8iStered oVi¢e Is A¢ie DUs. 11- IS Williarn Hoad. London. NWI 3ER. AtcouniiThecon¥ention Tye aEcuunls nève beep. piegared in a¢(dance Wilh Eh¥ chafily s Deed. lh¢ Chaiilie&Atl 2011 Jnd'AcrDun¢ing and Reppiling SiJlLJmiTrl DI RecoMrnonttLd Praitice applirJble to cNaFIt ej preoJrirng th¢ir accounrs in accordJncc wilh rne Ihe attDunt5 h3vQ been pieoarod on thc bStorltal eosi tothention. rnoditied to Inilude Ihc revaluation ol certain flnJDc131 It15rrtsmvnt5 at laii vAluE Th¥ prin¢ipal 4¢¢tyJAtin8 pDIKE5 adopied are sei out oelow Lh•lrtabie luTros Intamln8 f•¢0¢•1 (bilt Aid Dr deeds of cweTranL Is i¢cognisod ai ihc time ol thc oortatson Iplvesiment Income 1cccid fjci ss tated 8ro:s Vlllh Ibe relevJni l¢dutLL.d included undEr'cost ol raising funds,. Rejouices e¥pended prndbturP.. It Is piobible thAi setllEment wdl iequire¢J 3nd the arnouni ol tbe obli8ation can be mea%ufLid ¢eli3blv Cos[5 ol raisini funds are those COSL5 Inrurrtd ifi m•naRinK Ihc Iharity 5 Invc5trnentportfolio.
THE MARK5 FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accounti polidt5
Gr3nts payable iomprise donations d¥e¢iiy relat to tbf abiects ol the thèritv
GFaDls p4yable are ch3rBed in the the omei 15
THE MARKS FAMILY CHARITABLE TRUST
NOTESTOTHE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED S APRIL 2024
Ch4rit•ble 1clirIeS
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THE MARKS FAMILY CHARITABLE TRUST NOTE5 TO THE FINANCIAL ATEmENTs ICONTINUEDJ FOR THE YEAR EAIDED 5 APAII 2024 Support costs Support tosts G¢wernance costs 2024 SuppvrtCQ5ts Govornance 2023 wb$it tost LeRal 2nd or¢fessiorLal fee5 Aciaunrancy leos 720 720 7?0 710 19.713 L.$84 19.713 1.$84 6.212 1.440 1.440 22.017 21.017 .372 Anai¥5ed bctw?p 22.Ol7 21.017 8.372 9,654 Afcountanrv fees IL)mwbse Indepenoeni EJaminct'S Fee ol £1,2W12023. £1.2) and lèe foT artounlJncy 3nd othor Scivices of £L8,51312023'. ES,0121. Trusiees Non DI the tlusiees loi inv pprsw5 conDtcivd willi Thvml rec2i¥L.d any ierntsnEiatlon. or beneflis frorn 4he charitv mployees Thcro weie no omployeosduriDÉ rurronr or Piior ye3 io Nei È•ln51110s1•5l on If¥esimeii UnftrIcted Iyhds 2024 fund5 2025 Revaluation of In¥PstmpD Gainlllossl Dn sale of InvestmelTrts 953,173 96.794 I49.967 li Other 831ns or losse5 Unre5tdcted UThrp5tricled lund5 21123 IQ24 ForeiRn eNchange 11055esllEa4ns 1.080 10-
THE MARKS FAMILY CHARITABLE TRUST NOTES TOTHE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 12 FlxÈd asstt In¥estmÈnts Share5 Cath In portlollo Totil CD5t Dr valuation 5,994.721 3.072.911 953.173 318.364 6,313,086 Additions Valuation Ihapae5 953,173 1130,OWI 134,661 1130.OWI 134.661 LhanRe In lore1Kn <urrency valuJtlOD analemèni lees 12.Y41.5411 3,Q38.335 96.794 7,079.266 216.394 7,298,620 C4rryln8 amouni Al CS Api, 2024 7m,166 716.354 7,295,620 Al 05 April 2023 S.994,722 3k8.364 6,313.016 ij Ctedlta¢%.' tsllknt due w6thln one Unr•strfct•d lynds 2014 Uni*stilct fundi 1013 21.434 6.788 8,969 28.232 14 ftel•tpd party tr•nsarllon5 Thtrc W¢Te no ielated party Iranuilionsto drJ(losedulin¥ Ihe cviieni arOr prioT year