ChwMynW5tMlon number 263776 IEn*nd •fid Wil•sl THE MARKS FAMILY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE MARKS FAMILY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Lord Marts of BrouahtoTh The Hon Mrs Miilam Ann Conper The Hon Rebetta Marks Chartiy number 263776 Rew#ered •ddre51 HW Fisher PrDfe5$1onAI Serylces Umlted Acre House 11- 15 WilliJiii Rudd London NWI 3ER Ind•p•nd•nt EMmkn•i Joel Courts HW Flsher Piofe551onal SeNl¢e5 Llmlted Acre House 11- 15 Wllliam Koad Londun NWI 3ER nk•ri Llowls Banking Group 25 GrÈsh4rn street London ECZV 7H14 INVeM•t•1Q CoThaccord Genuity Wealth Management 88 Wood Slre?¢ Lofidon eC2V7QIt
THE MARKS FAMILY CHARITABLE TRUST CONTENTS Tru5tqe5' roport si•¢ement of trustees. re5ponsiblllties Independent èx•rniner's roport Statomentof flnanclal IctltIeS lance sheet Notes to the accounts 7-13
THE MARKS FAMILY CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR EhlDED 5 APRIL 2025 The tru5t¥E5 PIESetil Llivit diiiiudl ieptsit èiid fliianclol 5tattments for the year ended S April 2025. The financlal statements havE been prepared in aEcordance wlth the accountin8 puliclps set out In note I tD the accounts and tomply wlth the chartty's Deed of Trust, the Chatltles Act 2011 and "kcountin8 and REpofisn8 by Chaiities.. Stbtement of Retommended Practice appl¢Èable to chaiitie5 preparln8 their accounts in accordonce wlth the Flnondal Reporting Standard
ppll¢able in the UK and Republlt of Ireland IFRS 1021 leffoctlve from l January 20191..
Obltrtl¥es•nd •rtlvltles The charity's oblettive, as Set out in the Charltable Trust Oeed,15 for the trustees ro appty capital and Income to oi towards or laf the benefbt or lurtheiance of Such tharltable purp05e5 or charltable Institutions èt their absolute d15trp¢lon. Publl¢berbEIIt ThÈ irustees ha poid due relaid ro itsidance Issued by the Charity Commlsslon In sectlon 17 of the Chlritles Act 2011, in decldin8 what 3ctlvltle5 the charlty should undertakÈ. Achle¥ements•nd p¢rforrnance Durln8 thE year the Trust generated Income fe50urre5 of £158,16712024.' £136,383) whl£h enabled Ihe £harlty to make 1612024.. 1718fJnts amountlngto E176.79012024.. £146,945]. FIArttlal fevl•w Dufln8 the year tnded 5 Aprll 2025, Investment Income was re¢ei¥ed fvom the pNtfollo mènoKed by Canèccord Genulty Wealth Mana6ement 01 £156,68212024'. £134,6611. As shown In the siatement of financial actlvlties, the net1055 on Inve5tmeniS amounted to £198,$6612024'. net 8aln5 £1,049,967). The net decrease In fund5 for the year £316.60912024'. nel Incvoase £925A441. Polky It 15 rhe pollcy of thÉ charlly to maintsln uniestrlcied lunds (free re5Erves1 èt a level whlch, OTh investment, £enerètes Sutficlent Income to meet annu81 expendlturo and cover rnènagement and aomlnlstratlon cost5 and to respond tll Emer8ency appllcatiorts for gran15 whlch arise from tlme to Ilrne. In sltuations where the In¢omt Is Insufflcient to mEet annual expendlture, the resetves are fequlred io makE up an¥ shortf311 out uf capitèl. The unrestrl¢tpd fvnds of the charlty is ot 5 Apfll 2025 amounted to £7,Q25.20812024'. £7,341,817). Gijnt M•klni Pollty The tru5tee5' 8rant makln8 pollcy Is iEnernlly to make donatlons to re8lstered charltable orqan15atlons Ingt Indlvldualsl which support a wid? ron8e of causes. The trustees reYiewEd and accepred iront applltatlons durlni the year unde¢ review. Ourln8the year the Trust made 1612024.. 171 8ratit5 totollln8 f176.79012024,' £146,945). Rl The trustee5 have a&sessed the major risk5 to whlch the charlty 15 exposed. ond are SaSfied that SV5tern5 are In place to mltS8ate expasuie to rhe major risks. In¥emwrtPoM(y In order for the tru51tes to ma5ntain the value of the Trust fund. Canatcord Gpnuity WEalth Management advise them on their approèch to their portfoliu Df Inve5tment5. in porticular on asser alloc3tion 50 as tts èchietse a wlde diversiflution of the Trust's Investment portloliD In order to 5pre3d risk. The curient Iwe51rnent policy is tD adopt a balanced return frDm income and capitsl arowth.
THE MARKS FAMILY CHARITABLE TRUST TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED S APRIL 202S Structure. go¥ernwce and matha¢emnt The Maiks Farnlly Charitable Trust 15 re81stered wlth the Charlly Comrni5sioners INO. 1637761 and constltuted by Deed olTru5t dated 29 h¥rll 1971 as arnended oft 8 March 2018. The trusteÈs who served durin8 the year were.. Lord M•¢ks of Brouihton The Hon Mrs Mirlam Ann Cooper The Hon Rebecca Mèrks Powerof appolntlng new trusreÈs Is vested In Lrfd Marks of Brou8hton. the Settlor. durlng h15 Ilfetlrne. The minimum number ol tru5tee5 15 two. The trustees meetto assess grint appllcatlons and to re¥lew and accept Indlvldual grant applkatlons durln8 th yeir. On behJlfof ihE Boord olTrustees Trustee 08ted.. Iq ocbr ?oa
THE MARKS FAMILY CHARrrABLE TRUST srATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2025 Tlie i¥5y751b1e lor prepayini the TruJtees' Aèport and the fInDn¢1 Jttotomonts in otcordanco wlth Jppllcable law and UnitÈd Klngdom Accountln8 Standèrds (United Kingdorn Gener31ty Accepted Accountina Practlcel. The law èppllcable to charltles In Eniland and Wales requires the trustees to prepare flnanclal stsrement5 for eath flnanclèl year whlch 8lve a true and fvir ¥lew ol the stste of èffairs of the tharlty and of the Incornlng rEsour£es and applicatiw of resources of the thaflty fur that year. In pieparln8these financial statements, the trustees arè requlred to,. *lÈci suitable èccountin8 pollcies and then apply them conslstentlv,. observe the methods and prlncSples In the Charltle5 SORP. make judgements and @stlmaies that are rea50nobl¢ and prudent-, statE whether appllcable accountln8 5tsndards have been followed, Subject to any maierlal departures ¢Ji5dosed ind explalned I the financlal sMeri15., ari prtpare the financlol statpments on the ioln8 Cgn¢ern bas15 unles5 It15 Inèppropfl•te to presume that tht ¢h•rlty wlll contlnue In Opefatlon. The tiustees are rp5POllslble for koeplnB 5ufflElent iicguntln8 records that dlsclose with reasonable accuiacy at any time the financl•l poslllon of the charlty ond enable them to ensurè that the financial 5taternent& ecrnply wlth the Chadties A¢1 2DlI, the Charlty IAccounts and Reportsl Aegulailon5 2CrfS8 ènd Ihe provlslon5 of the trusr deed. They afe also responsible ftsi safeduardin8 the assets of the charity ind hpnce foi ukini re350nable steps for the piewention ond dete£tion of fraud and other irre8ularltles.
THE MARKS FAMILY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MARKS FAMILY CHARITABLE TRusr I report to the trustees un my exarnbnatlon of the flnanclal ststements of The Marks Famlly Charitable Trust (the charityl for the veJr ended S April 2025. ft•¥anslblllll•s and bas15of report As the trustees of the charity yeu are responslble for the preparation of the nnoThc4al 5totements In accordance wlth the rÈqulfementS Df thè Charltles Att 2011. report In respect Df my examinotlon cf thE rhlrltV'5 flnand315ts1ements carried out under section 145 of the Charitles Act 2011. In carrylnd out rny examlnotipn I have follvwed the Directions Riven by the Charity Commisslon under section 14515llbl of the Charltie5 Act 2011. InJ•p•nd•nt •x•rnln•r'i st•tem•nt I have completed my examlnauon. I conflrm that no matters have corne lo my attentlon In connection wlth the examln4tlon 81ving me cause to belleve that In any materlal respetl.. accountlnB reco% were not kept rp5PEcI of the rharlty a5 rtqulred by 5ertlon I30of the Chafltles Art 2011. the flnanclèl 5t31ements do not accord with rhose fecords., or the finanelal statements dc not rornply wlth the appllcable requiremenrs concernln8 the form and content of flnanrlal statem2nt& 52t out In the Charities IAc¢ount5 and Report51 Ae8vlat10115 2008 othef than any requirement that the flnènelal statements ilve • true and lllr vlew, whl¢h15 nota Matter con51dered as part 01 an Independent eyamlnation. I have no concems and hwe Come è¢ross no other matter5 In connectlon wlth the e¥amlnatlon to whlch attecffj should be drawn It) thls repgri In order to enablE a proper under5tandln8 olthe nnanclal statements to be reached. Joel Courts Ch3rterEd Accountant HW Flsher Professlonal 5er¥lces Llmlted Acre House 11-15 Wllliam Road Lond¢ NWI 3ER 30 Oct 2025 Dated,.
THE MARKS FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED S APRIL 2025 u•51T1tttd Unrestrlrt fund5 fvnds 2025 ZOZ4 Ihtome from: InvestmEnt5 158,167 136.3B3 end5tuie Ralsln8 funds 79.973 Charltsble •¢ilvltles 192,655 168,962 Tot•1 i•wur¢•s•Mynd•d 272,628 259,826 Net Kainslllo55e51 on Investment5 io 1198,5661 1,049,967 Net loutwnilllncomlni yeTte5 1313.0271 926.524 Other T0•11¢d ylns Ind loss Othergalns or105ses 13,5821 11,0801 mwwn•nt In fvndi 1316,6091 925,444 Fvnd balance5 af 6Aprll 2024 7,341,817 6,416,373 Fund balanc•5bt 5 Aprfl 2025 7.025,208 7,341,817 The sratement of flnanclal actlvltlES Includes all gains and1055e5 recoinlsed In the Or. All income and expendlture derlve trom contlnulni actIlIes.
THE MARKS FAMILY CHARITABLE TRUST BALANCE SHEET AS AT5 APRIL 2025 2025 2014 Nots5 Flxed asse Investrnents CuYTènt•ssÉts IJ 6,989,847 7,295.620 Cash at bonk and In hand 65,658 74,429 Credltorj.. •mountshlllry du• ¥Aihln oneyur 14 130,2971 128,2321 Net current a55ets a5,361 46,197 Yot•l•siqts less ¢urr•ntll•bllllb 7,025,108 7,341,817 Intome INdS UnrestrScted funds- 8eneral 7,025,208 7,341,817 7,025,208 7.341,817 Iq O okA)ts aDas The flnanclal statements were approvEd by theTrus*es on ......................... Lord Markn ol ernu Tru$te hton
THE MARKS FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Charl¢yln1o¥trQn The Marks Family Charltable frust is • fe8lstered charlty, The charlty meets the definlJon of a publlc beneflt entlty under FRS102. The re8lsiered office15 Acr2 HuusÈ, 11- IS Wllllam Road, London. NWI 3ER, 1.1 Accoulni conventi The accounts hove beEn prepared In accordance wlth the ChatY,S Dted, the Charltles Act 2011 and "AccountlnB and Reporting by Charitles.. Statement af Recommended Practice applicable to tharltles preparin8 their accounts In 袢ordante with the Flnanclol Reportlng Standard appllcable in the UK and Republic of Irelahd IFRS 1021" leffectlve Irom J January 20191. The financial siatemtnts are prepared in sterlin& which Is the lunctional eurrenty of the charity. hnonptsry amounts In these flnancial 5tstements are rounded to the nearest £. The accounts have been prepared on the h151orl¢al cDst c¢nventlon, modlfled to Include the revaluatlort of ceithin flnanclal Instruments atfalr le. The pilncipal aCCDuntin8 policlE$ •dopied ale set out below. 1.2 GolnB ¢on¢eM Tho trustee5 are confldtnt that the eharlty can conrinue as a Éolni concern lor J perloo ef at least 12 rnonlh5 Irom the Oate of approval ol these financlal statements. The trustees have a reasonable expectation that the charity has adequate resources to ¢ontinue In operatlon for the foreseeable future. Thu5 the tru5tee5 contlnue to odllpt the gn8 concern bas1$ of a¢¢ountln8 In prepailnl ihe5e flnanclal staiemeots. 1.3 th•ibbl• lundi Unre5tricrtd funds are av•llable foi use at the dlscretion of the tru51ee5 In lurtheran£e of ihelr charitable objectlves. IA Ihtomlni resourc Incorne15 reco8nlsed when the charlty Is legally entltled io It after any perfoimance condltlon5 hive been met, the amounts can be meJ5ured rellably. and Itbs probable that Income wlll b¥ r¢ei¥ed. Cash donatlons are Teco8nised un recelpt. Other donatlons are rECniSed once the charlty has been notiried of tht dtsnation, unless peiformance condlllons re4ulre deferral of the amount. Income tax retoverable relation to donation5 re¢elv¢d under Gift Aid oi deeds of £ovenènt1s rÈtO8nlsed at the time of the donatlon. Inv?5tfflent Income Fecei¥ed net15 5tatEd voss wlth the relevant tax deducted Included under'¢o$t of ralsSn8 fund5'. 1.5 11esoue& expended Liabilltles aro rtCO8nlsed a5 expendltur once there Is a le8al or constructlve obllgatiun committin8 the charity to that expenditure. It Is probable that 5eWernent wlll be rEqulred and the amount of the obIltIon can bp measured rellably. All expenditu is accounted for on on aLcru31s ba515. All expenses. Includlng support costs 8overnancp costs, are allocated to the charitable èctlvlty In the 5fatement of hnan¢ial aftlvllles. Costsof raising fund5 3rv those ED5ts Incurred in manallni the charity's Investment portlollo. Governance costs relate w expenditure incurr2d in deallthg wlth donations and a¢Jmini5tr*ion ènd compliance with constitutional and statutory requlrements.
THE MARKS FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED S APRIL 2025 Attouffttl polltl ICohtlnuÈdl Grants ptyable comprlse donatlons dirertty related to the oblects of the chaflty. Grènts payable are charged In the year when the offer Is conveyed tD the reclplent. Grants offered sublett to condltlons are retoanlsed in the pEriDd those tondltlons arp mpt, prior to this they are noted as a tommltmeni but not accrued as expendlture. Irre¢overable VAT lsrharged a8>lnst the expenditure headin8for which it was In¢uTred. 1.6 Flxodasset In¥eMments Fixed asset investments ale Initially measured at transactlon price excludln8 transaction costs, ond are 5ubsequEntly measured Ht fvlr Yalue It each reportln8 dote. Change5 In falr Wdlve ore recogn15ed In net IncornelleMpEnditvrel ft)r the year. Trydn5OCtlon ¢e$t$ ère expensed as Incurred. 1.7 C16h •Thd cash eq1115 Cash And tash equlvalents Includp cash in hand, deposits held at Call with bank5 and other shgrt-term Ilquld knvesimeft¢s with Dfl8ln31 maturitles of three months Dr Ipss. IA Fln•ncl•l In5truffjert5 The charlty has elected to apply the provls10Trs of Seeuon 11 'Baslc Flnanclal In5trument5' and 5ectlM IZ 'Other Flnandal Instrumentslssues, of FRS 102 to all of Its financlal Instruments. The charlty onty has financlal assets and flnancial IlabllStles of a klnd that quallfy as baC financial Insirumenis. Bèslc flnandal Instruments are Inltlally reco8nlied at transactlon value and subsequently measured at thelr settlement value. Crltlcal accountlni estIMe$ Ind ludyments In the appllcatlon of the charitV5 arcountln8 pollcles, Ihe trusiees are requlred lo ffl•ke luddements, estlmates and assumptlons about the uriyin8 èmount of assets and liabllltles that are not readily apparent frorn other sources. The e5tlmate5 and a550clated assumptions ate based on h15torlcal experience and other faEtD¢s that are wnsldered to be relE¥ant. Actual results rn3ydlffer from these estlmates. The estimate5 and underlylnB as$umptlons are reviewed on an on8oln8 ba515. ftevlslon5 to accountlne 05tlmates are reco8nlstd In the period In whlch the estlmate 15 revlsed where the revlslon affec15 only that perlod, or In the period of the re510n and future perlods where the le$lOn aNects borh current and future perlods. The trustees do not belleve there to be luO8ernenrs or e5tlm3te5 thar ¥uld be consldered crltlc31 to the fln3nc4al 5tstement5, Invesbnents Unrestrlrted fiLnd5 2025 Unrestrfrted fvnd¥ Interest and dlvldends from Investment portfollo Interest recelvable 156,682 1.48S 134,661 1.722 158.167 136.383
THE MARKS FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMENTS {CONTINUED) FOR THE YEAR EAIDED 5 APRIL 2025 Unrertridod fund¥ UnTqs¢rt¢l•d funds Inv?strnent management fee 79.973 90,864 Unreitrlcted UN•¥trkt*d lunds lund$ Grantfundln8 of ac11lieS Isee note 61 176,790 146,945 Share of support C05t5 (see note 71 Shore o18Dvernance costs Iseq Thot• Y) 245 15.620 22.017 192,655 168,962
THE MARKS FAMILY CHARITABLE TRUST NOTES TO THE FINAP4CIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Pble Unrertrffted Uhre5tr1fte41 lunds funds 2025 2024 Grants to institutions.. io.ooo 10.000 Cure E8 Community Se¢urltyTrust GasS Door Homeless Glve a Bopk Hamal RevStal Holorau5t Eduutional Trust Jewish Care jewish Child'5 D¥v Kent Minds io,coo soo io,ooo 10,000 10.000 I,0 2.SDO 90 Manchester Collectlve Mè8en Davld Adorn VK London Music Fund Royal Hortlculturil Soclety streets ol London The Natlonal Llteraty Tiust The Berkeley Reaffofe5tatlon Trust The Ambei Foundatlon The Kpnt MlninK Herit38e Foundatlon The NatSonal Gallery The Royal Academy of Art5 The Uni¥ersityelOxford OovelopmentTrust Fund The Walter & Llesel Schwab Charltable Trust The Old Vic Theatre Trust 2COJ 7.500 10,000 4.196 25,000 15,QOO IS,C¥>J 500 I,ooo 750 io.ooo 25,WO 40,695 2,500 500 I,c¥Jo 12,1 25,625 32,880 The SaweThe Children fund The Welzmann Instltute Fwndatlon UK Gl¥e5 Ltd 12,000 176,79a 146.945 10-
THE MARKS FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Support Costs Supm Costs GOnin(e 2025 Support Costs Go¥ernance cost5 2024 Website c05t 245 245 Legal ènd prolessional fees Accountanryf•es Admlnlstraiion fee5 582 13,454 1.5B4 582 13,454 1,584 720 19,713 1.584 720 19,713 1,584 145 15,620 15,865 22,017 21,017 Analysed between 245 15,620 15,865 22,017 22,017 Accountsncy fe5 comprise Independent Examlner's Fee of £1,2ts)12e24.. É1,2001 ènd fep for accountancy and other $ervl¢ts of £12,25412024.. É18,5131. TN5te•s None of the trustees lor iny persons cmnected wlth theml received •ny remufi¢f4tlon, expenses, oi benefflts from tht charlty duilTrg the year. fflploy•es Tlii¥ wvie Iiu etiiyluy¥¥s durlii8 the curieiit or priorye•r. iwln5111055•$1 un Unrestrlct• lunds zozs Unr•itrided lunds Revalwtlon of Iwestments Galnlllos51 on Sale DI investments 1250,9441 52,378 953,173 96,794 1198,5661 l.Q49.967 11 T11 The charfty15 exemptlrom taX•lion on Its attl¥ltle5 bec3U5e all It5 Incorn•1s applied for thafltable purposes. 12 Other yln50r10$8es Unr•strlrt funds 2025 Un1è5trfrted lunds 1014 Foreign eKh?nge Ilosse$118alns 3,582 I080 11
THE MARKS FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR niE YEAR ENDED S APRIL 2025 13 Aled asset In¥eJknents Shares Cath Ih portfolbo Cos1 or 1•110 At 6Aprll 2024 Addltiofis Valuatlon chan8es Cash vjlthdrawal DNidend and Interest Income Change In forel8n currEncy volu)fjon Manaqemtnt lees Disposals 7,0?9,266 1,712.902 1250,9441 216,354 11.712,9D21 7,295,620 1250,9441 1180,0(KJI 156,682 11A0,01 148,311 13.5811 180,3081 1,794.001 ,371 180,3081 52.378 11,741,623) At 5 Aprll 2a2S 6.807,972 181.875 6,989.847 Clrrylni •mouDt At S Aprll 2025 6,807.972 181.875 6,989,847 Al 5 Aprll 2024 7,079,266 216,354 7,295,620 •dllorn •rnounts due7A4thkn on• ye•r Unrestrfcted fvndi 2025 Unrestrlcted funth 1024 orher credltors Accruals 22,683 7,614 21.434 6,798 30,Z97 28,Z3Z Uniestrfctsd funds The unrestricted funds of the charlty comprlse the unexpended balances of donatSons and gr3nt5 whlch are not subject to specific condltions by donors and 8rèntors as to how they may be used. These Include designated funds which have been set aslde out of unrestilcted funds b¥ the trustses for speclfic purposes. At 6Aprll 2024 Incomlni iesources Rewurces Gakns and At 5Aprfl 1015 expended Geneol funds 7.341.817 158.167 1272.6181 1202.1481 7.025.20A 12-
THE MARKS FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED S APRIL 2025 15 Unre5trktedfunds Iconllnuedl Pre¥lws ye•r. At 644prfl 2023 Incomlni resources Resourcei G•kni •fid lowi At 5Apfll 1014 xp2nded General funds 6.416.373 136,383 1259.8261 1,04B,887 7,341,817 16 R•lJl•d p•rtytrnni•dl•ni There were no related party transactlons to disclose duilng the current ar or prfaryear. 17 An•lys15 olihlnpsln n•t funds The charlty had no Oebt dufln8 the ¥ear. 13-