MARSHAL BERESFORD'S FUND
R•gistered Charity Numbgr 272653
Flnanclal Statements and Tw¥te•s Roport for year •nded 30 S8ptsmbor 2022
PENNINGTONS
MANCHES
COOPER
Penningtons Manche5 Cooper LLP
31 Chertsey Street
Guildford
Surrey
GU14HD
Tel.. 01483 791800
Fax.. 01483 424177
Our Ref: 20014411APMIOJTS

MARSHAL BERESFORD'S FUND IR8gistsrod Charlty Numbor 272653)
Contsnts of the financial statsments for th• yoar onded 30 S•pt•mb•r 2022
Item
Pag•
Charity Informafion
Examiners, Report
Trustees, Report
&6
Balance Sheet
Income Expendrture
Notes
9-11

MARSHAL BERESFORD'S FUND (Registered Charlty Numb•r 2726531
LEGAL & ADMINISTRATIVE INFORIIATION A# at 30 S&ptemb•r X122
GOVERNING INSTRUMENT..
The Trust was est8bli¥hed by Deed ol Settlement dated 18 Ju
1849 by Mexander James Beresfonl Hope Ith8 Setdorl
CHARITY REGISTRATION NO: 272853
CURRENT TRUSTEES:
The Most Hon Arthur Patric* Marqueys of Oonegall
Richard George Reade
James Robert Harnilton Stutthr
Robert Michael Wilson-wnght
PRINCIPAL ADDRESS FOR
CORRESPONDENCE:
Penningtons Manches Cooper LLP
31 Chertsey Street
Guildford
Surrey
GU14HD
SOUCITORS & ACCOUNTANTS: Penningtons Manches CooFer LLP
31 Chert59y Stwt
Guildford
Surrey
GU14HD
INVESTMENT MANAGERS:
Investec Wealth and Invesbment
2 Gresham Str8et
London
EC2V 7QP
INDEPENDENT EXAMINERS..
A5hcornbe Court
Woolsad( Way
GcxYalrniThJ
Surrey
GU7 1LQ
Charty Infonnation
Page 3

Marshal Bere51ord's Fund
Examiner's Unqualified Report
Independent Examlnerfs Repgrt tothe Trustees of Marshal Beresfor(fs Fund
I report on the accounts of the charity for the year ended 30 September 2022 which are set out on pages seven to
eleven.
Respective responsibilities of tru5tee5 and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an
audit is not required for this year lunder Section 144121 of the Charities Act 2011 (the 2011 Actll and that an
independent examination is required.
It is my responsibility to..
examine the accounts under Section 145 of the 2011 Act.,
follow the procedures laid down in the General Directions given by the Charity Commission (under Section
1451Sllbl of the 2011 Act).. and
strate whether particular matters have come to my attention.
Basis of independent examiner's Statement
My examination was carried out in accordance with General Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and
seeking explanations from you as trustees concerning any such rnatters. The procedures undertaken do not provide
all the evidence that would be required in an audit, and consequently no opinion is given a5 to whether the account5
present a "true and fair view. and the report 15 limited to those matter5 Set out in the statement below.
Other matters
Your attention is drawn to the fact that the charity has prepared the accounts Ifinancial statements) in accordance
with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS10212nd edition i55ued in October 2019 in preference to the Accounting and Reporting Charities.. Statement of
Recommended Practi£& issued on l April 2005 which is referred to in the extant regulations but has since been
withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practiie effective for reporting periods beginning on or after l January 2015.
Independent examiner's Statement
In connection with my eKamination, no matter ha5 come to my attention..
which gives me reasonable cause to believe that, in any material respect, the requirements..
to keep accounting records in accordance with section 130 of the 2011 Act,. and
to prepare accounts which accord with the accounting records and comply with the accounting
requirements of the 2011 Act
have not been met., or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
M S Leigh BA FCA CF
Independent Examiner
Azets Audit Services Limired
Chartered Accountants
A5hcombe Court, Woolsack Way
Godalmin& Surrey, GU7 ILQ
Date..
12 DÈc&mb&r 2022

MARSHAL 8ERESFORD'5 FUNO {RegiJtered Charity Numb•r 2726S31
Tru8ts08' R•port for tho year to 30 Septsmb•r 2022
Structur•i go¥•manG• and managemant
The administration of the Trust induding preparation of accnunts is deali with by the TTUStees'
soliators, Penningtons Manches Cooper LLP, at 31 Chertsey Stree( Guildford, Surw GU1 4HD
The Trust'$ investment5 are held in the nomin¢¢ narne of the Trustees, stockbrokers, Inveslec
Wealth & Investment Limf(ed, vtho have been given disrxetionary investsnent management in
accordance wth the Ch8nty Commissioners Order dated 14 February 1995. The Trustees have no
ethical investment poliq.
The p0￿Er lo appoint n￿truStee$ is vested in the Primate of AJI Ireland for the time being.
ObJ•c¢iv￿ ¥nd activiti•s
Th# primary object of the trust is lo make grants towards the building Of endowTnenl of new
¢hurche8 in Ireland vAth secondary objècts to make grants to Stipendiary Curoles who the Trustee5
consider poor and to make grants toward8 the repair, restoration or enlaryemenl of existing
churthes for the time being in Irdand. No grants are to be made to the secondary objects until the
Truste&$ have ascertained to their satisfaction that no fvnds are required for the primary object of
the trust namely the multiplication of incumbrances in Ireland.
Achievomants and ￿rf0Mlanc8
No money was required during the year lo 30 September 2022 for th• primary purpose of the trust
and no mney has been required for the making of grants to poor stip•ndiary curates. All grants
made during the year have therefore b¢en made under the remaining sècondary piJrp08es of the
trust na￿OlY towards the repair. rèstoration or enlargement of existing chur¢he$ in Ireland.
Regard for publ1¢ boneflt
The Trustees conflm that they have complied wlh the duty in the Charities Act 2011 ta have due
regard to the Charity Commission's guidance on public benefit and have roviewed the Charity
ommi55ion's publication on this topi¢.
Inv•¥tment policy and th• porfornianee achieved against th• pollcy
The Trust has a diverse equity and fixed interest portfolio managed by Inve5tec Wealth and
Investment, through *thich it is hoped the portfolio wll outperfom a composite benchmark over
time. In the year to 30 September 2022, the totsl return of the portfolio Inel of management
¢h3rgesl was -8.01% 12021.'+16.53%1 and the benchmark totsl retum over the same period was -
6.39%12021 +15.93%).
With regard lo Enmronmental, SocFal and Govern3nce IESG) issu•s in respect of investm8nl
strategy, the Trustee5 require the investment manager lo report on an ESG assessment of tha
portrolio investment5 on an annual basis.
(¢onllnued overleafj
Trustees. Report
Page 5

Tru•to8¥' Rtport for th• year to 30 S•pt•mber 2022 Icontlnugdl
FTnanci•l r•vl•w
The bulk of the granlB are made by way of half yearfy reimbursements lo The Rèpresentative
Church Body {RC81 with direct grants being mad& if surplus revenue is available. The Trustees
t annually in NovemberlDecembe¥ when the level of Ihe roimbursement to the RCB and the
amunt of any other gr8nl$ is agieed for the coming year.
As all revenue is expènded by ￿aY of grant8 the ¢harity does not maintain a reserve fund. The
charity does hov*vÈr ensure that there are suffiGienl funds in hand lo meet the half yearty
imbursements to RCB.
During the year to 30 September 2022 re1M￿lseMents to the RCB tolalled £92,000 12021..
£92,000). Addition81 grants of £15,000 {2021.' £01. Gross revenue amounted to £101,41312021:
£112.8671
At the meeting on 1 December 2022 it wa5 agreed to make half yearfy reimbursements to the RCB
of £ 46 oocy {each) and additional grant5 of £ 5 OOCI
were agreed.
..TRUSTEE
On behalf of th8 Tnjstees
Dated
IL
Trustees, Report
Pag• 6

AIARSHAL BERESFORD'S FUND
BALANCE SHEET AT 30 SÉPTEMBER 2022
REVENUE
CAPITAL
ACCOUNT
ACCOUNT
IUnre8trlct¢dl (EndO¥￿nent)
2022
TA
2021
NOTE
Flx•d A¥sets
Inv8Stments
3.423 830
3,423,830
4.128,798
Current Assets
Total Cash at Bank 8nd $tockbroketB
94.858
211.4
3C6.346
51,218
Curr8llt Llabllltlo8
Arnounts falling due wfthSn l yaar
18.8501
15,0761
113.9261
114.4611
Net Curr8nt Ass•ts
86.006
2￿,413
292,419
36.757
Total Nat Assets
3 830 243
3716249
4165555
Funds
3 630 243
3716149
4165555
The finandal ststements have been prepar8d In ac￿rdance with tho Financial Reporbng star￿ard appltcawe In the United
'ngdom and Republic of Ird8nd IFRS1021.
The f￿anCial ststements wero approved by the TryNlees on ........ ...........
. TRUSTEE
ollhe Tru8tees
The note8 on pages &11 fom part of the$e ac¢ount8
Balance Sheet
Page 7

MARSHAL 8ERESFORD'S FUND
STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
REVEMUÉ
CAPITAL
NOTE ACCOUNT
ACCOUNT
IUnr•8trkt•dl IEndowffl•ni)
3022
TOTAL
2021
TOTAL
Incomo •nd Exp•ndltur•
Incoming R•sourc•8
Inveslment Income
Deposil1ntere5t
101,rMJo
413
101,COJ
413
112.667
Nl
Totsl Ineamlnq A0￿￿T¢
101 413
101 413
1IZ667
Expend•d
tir8d ch8ntub￿ expenditwe".
Grants lo Chanbe5
Leyal and administrali¥e cos15
Roundlng adjustment
107.000
14.070
107,000
35.648
92.orA)
33,742
21,579
Totsl R•wurwJ Éxp•nd8d
121070
0￿9￿1￿ Ro•ourc•s forth• y#r
l>in*llLf*8ae81 ¢)n in¥e¥tmènt •B••ts:
Realised during Ihe )Ear
Unreali5e(S adsing during the year
197.359
1605,4281
197.359
1605,4281
106.904
400,954
Tot￿ g•ins11lowe¥l on Inv•8tmarrt
070
14•1 Mov•m•nt Fund•
119,6571
1429.6491
1449.3061
4%,783
Fund• INoughtfoNvard at l Octobor 2021
105,663
4,059,892
4.165.555
3,668,772
Fund• caryiod lop￿rd #130 S•pl￿ts•T 2022
3 716 249
4183555
The note5 w page$ 9-11 forn part of fv5e a￿ul1t&
lrtcome Expenditure
Page 8

MARSHAL BERESFORO'S FUND
Notes to tho Accounts forthe year end•d 30 Soptsmber Z022
The accounts (financial stalementsl have been p￿pared In accordance vKth the Statement Accounting and
Reporting by Charities preparing their accounts in accordance wth the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS10212nd Edition issued October 2019 and the Financial
Reporting Standard applicable in the United lfj'ngdom and Republic of lieland IFRS1021 and the Charities
Act 2011 and UK Generally Accepted Practice as il applies from 1 January 2015.
The accounts lfinancial statements) have been prepared to give a 'true and faif view and have departed
from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required lo prowde a 'true
and fair view/. This departure has involved follo￿n9 the Accounting and Reporting by Charitses preparing
their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS10212nd Edition issued October 2019 rather than the Accounting and Reporting by Charities..
Stslemenl of Recommended Practice effective from 1 Apn"12005 which has since been Trmlhdrawn.
lal Incoming ￿SOurCeS are accounted for ￿en they are ￿¢¢ivable.
(b) Grants payable are recognised the ITUSI is committed to making the payment.
Ic) Legal & administratsve costs represent costs associated wlh fulfilling the constitutional and slalutory
requirements of the charity and a￿ included on an accruals basis.
{dl AJI amounts are shown inclusive ol non•recoverable value added tax.
(e) Investments a￿ included in the Balance Sheet at market value. The investments ￿present the
Permanent Endobwnenl Fund and accordingly any gains or1095es arising on those investments are
included as part of that fvnd.
(Q The trust is a registered charity {Charity Commission No.272653) and is not liable to taxation.
ntEn
As there is no power lo expend capjtal the ￿ore ol the Trust's capital rep￿sents a pemianenl endowment
nd. Income arising on the endobvTnerrt fund 18 vnrestricted.
Inv
stment In
2022
2021
UK Quoted..
Fixed Interest
Equity
Total:
28,541
72,459
101,000
29.082
B3,585
112,667
Notes
Page 9

Notss to the A¢¢ounts for th• year endèd 30 Septem￿r 2022 Icontinuedl
2022
2021
During the year the follo￿ng grants We￿ made..
Representative Church Body
Lismore Cathedral
St Morgues Churc
Aghavea Parish Church
Total:
92,000
5,000
10,000
92,000
107,000
al and
mlnls
tivo costs
2022
2021
Legal fees
Tru5tees' expenses
Independent Examinevs fee
12.420
10.980
IS60)
1,572
11,992
21,750
33,742
1.650
14.070
21.579
Investment management fees Icapilal)
Totsl:
The trust had no employees durin9 the year12021: r￿At)
Trustees are not remunerated and received no reimbursement of expenses during the year.
Fixed
nv
2012
2021
Historical cost at 1 Oclober 2021
Additions at cost
Disposals at cost
Cumulative adiuslments to cost
Historfcal cost at 30 Septembor 2022
2.987.277
723.291
1822,830)
2,830,411
507,082
1350.215}
2,887,737
2.987,277
Cumulative unreallsed gain$ at 30 September 2022
536.093
1,141,521
Ma¥kot valug per Balance Sheet
3,423 830
4128 798
Structur• of the portfollo by market value
UK Quoted Investments
Fixed Interest
UK Property
Altemative Assets
Equity
loo.00
11.00
5.62
11.78
71.60
100.00
14.03
4.41
6.27
75.29
Material Investments as % of portlollo market valu• (of 5% of above)
None12021'. none)
Notes
Page 10

Notes to thè Accounts for the y•ar •nd•d 30 Soptsmb•r 2022 {corrtinu•dl
2022
2021
Investec Income account
Inveslec Capital account
Penninglons Man¢he$ Cooper LLP Cts'ent Account
305.878
468
306,346
50,750
468
51.218
rep￿sented by..
Capital account per Balance Sheet
Revenue account per Balance Sheet
211.490
(63,2171
114,435
306 346
Llabllltlo¥- Amounts
falling due wrthin ono y•ar
2022
2021
Independent Examiner's fee
Legal fees
Tw$tees' expenses
1.650
7,200
1.572
7,200
8.850
5,076
8,772
5,689
14.461
Investment management fees
Total:
Notes
Page11