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2022-04-05-accounts

MARSH CHRISTIAN TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

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MARSH CHRISTIAN TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees B Marsh OBE
N Collings
A Marsh
C Kenyon (resigned June 2021)
C Micklewright
N H Carter
A Foulk
Charity Number 284470
Principal address 5th Floor
4 Matthew Parker Street
London
SW1H 9NP
Auditors Xeinadin Audit Limited
15/19 Cavendish Place
London
W1G 0DD
Bankers Lloyds Private Banking
Mayfair
50 Grosvenor Street
London
W1X 9FH
Investment advisors Rathbone Investment Management Ltd
8 Finsbury Circus
London
EC2M 7AZ
Rothschild Wealth Management (UK) Ltd
New Court,
St Swithin's Lane
London
EC4N 8AL

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MARSH CHRISTIAN TRUST

CONTENTS

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Page
Trustees' report 1-9
Statement of Trustees' responsibilities 10
Independent auditors' report 11-13
Statement of financial activities 14
Balance sheet 15
Notes to the financial statements 16-44

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2022

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The trustees present their report and accounts for the year ended 5[th] April 2022.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the trust's governing document, the Charities Act 2011 and the Charities SORP (FRS 102) – Accounting and Reporting by Charities Statement of Recommended Practice 2019.

Structure, governance and management

The trust is an unincorporated trust established by a Deed of Trust on 12 May 1981. The terms of the trust require funds to be applied for charitable purposes.

The trustees who served during the year were:

The power to appoint trustees is vested in the settlor of the trust, Brian Marsh OBE, but the appointment of any new trustees is something which is decided and approved by all existing trustees. New trustees undergo training on their legal obligations under Charity Law, the decision-making processes, the business plan and recent performance of the trust.

Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. The trust is administered on a daily basis by the settlor Brian Marsh OBE, the trust manager Annie McCarthy and administrative assistant Heather Crombie.

In March 2012, a trustees’ resolution was passed whereby the trustees appointed a committee of trustees to approve non-routine operational, governance and commercial decisions on behalf of the trustees, so long as the rest of the trustees have been duly informed, and no objection has arisen. The trustees have agreed that Brian Marsh OBE and Alice Foulk would be appointed to the committee. The membership of the committee is approved at each annual trustee meeting.

The trustees consider the activities of the trust on a quarterly basis but individual trustees maintain regular contact with the staff. The accounting function is carried out by the trust's administrators and Bowker Orford Accountants and Business Advisers. The trust is related to B P Marsh & Company Limited where Brian Marsh OBE, the settlor and a trustee, is a director and Chairman. The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to major risks.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2022

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The trust's principal activities are financed by income derived from its investment portfolio consisting of quoted and unquoted investments. The investment portfolio is managed on an advisory basis by two firms of investment managers.

Objectives and activities

The trust deed allows the trustees to make donations to support any objects which are charitable under the law of England and Wales.

Values and mission

The trust believes in supporting existing organisations and people who are striving to make a difference. Its aim is to contribute to and promote the excellent work which is being undertaken across the charity sector.

The trustees have decided to do this by focusing the trust’s activities on two main areas of charitable activity; grant-making, providing long-term core funding to small charities, and the Marsh Awards, recognising individuals and groups committed to social, cultural and environmental causes.

The trust values long term partnerships with the organisations it supports and partners with, and aims to develop these over time in both areas of activity.

Grant-making

The trust provides modest financial support to charities in the form of annual grants. The trust focuses particularly on providing funding which could help small organisations pay for running costs, such as volunteer expenses, training days, equipment and maintenance and other core outgoings. The trust’s funding strategy is to provide unrestricted, long-term, core funding, as the trust recognises that many of the organisations it supports depend on unrestricted income in order to meet their operating needs.

The trustees maintain a strong interest in various areas of work, mainly:

Donations are made from the funds available to the trustees. Unused funds are invested in a wide range of investments as permitted by the trust deed.

The trustees will only make grants to registered charities experienced in their chosen field of work and never to individuals. No funding is provided for building or restoration work or to individual churches, hospices or hospitals.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2022

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The trustees do not support single projects or sponsorship proposals. Long-term core funding of appropriate works is the trust's normal approach, making donations on an annual basis, subject to yearly resubmission and review. The size of donations usually ranges from £500 to £2,000, with new successful applications starting at the lower end of the scale.

The trustees have considered the application process in line with the size of the grants provided and therefore only require a full copy of the applicant’s report and accounts, alongside a cover letter. This ensures that the trustees have the relevant information needed to assess the application but also that applicants do not have to spend unnecessary time filling out a large amount of documentation.

Applications are processed on an on-going basis and a response is usually sent within two months of receipt. However, due to the high volume of applications, occasionally responses to new appeals may take longer.

Upon receipt, applications are divided into two groups: new appeals and renewals and are given to a monthly grants committee for consideration. Renewals (organisations which have already received the trust’s support in the past) are considered first and then the new appeals are considered afterwards.

Each application is considered on the basis of the organisation’s financial position, performance against charitable aims and objectives, the ratio of voluntary income against fundraising expenses, and the suitability of the application to the type of funding the trust provides.

A response is made to every appeal whether it is successful or not. If an application is unsuccessful, there are no time restrictions within which a further application can be made.

The Marsh Awards

As a result of the trust’s work with numerous charities, it has seen first-hand how influential volunteers and the people who work with charitable organisations can be. A consequence of this has been the creation of the Marsh Awards Scheme.

The Marsh Awards celebrate the outstanding contributions of people who are committed to social, cultural and environmental causes. The Awards recognise people who are at the heart of the charity sector and who voluntarily or professionally go above and beyond to make a difference.

The Awards are run in partnership with other charitable bodies. Although each Award is administered slightly differently to suit each partner organisation, in most cases nominations are collected by the partner charity and a shortlist is put forward to an independent judging panel, ensuring complete impartiality and giving further value to the recognition of the winners.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2022

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Recipients of the Marsh Awards are a diverse group of people, ranging from scientists working in conservation biology and ecology, to practitioners from the arts world, from those working to conserve heritage, to those working with communities, young people and individuals affected by social inequalities and ill health.

The Marsh Awards scheme now consists of over 170 Awards run across the areas of social welfare, conservation and ecology, the arts and heritage. Full details of the Awards can be found on the trust’s website.

Public benefit

The trustees have regard to the Charity Commission's guidance on public benefit in planning charitable activities, in setting grant-making policies and in making grants and Awards. As a result, the trustees are confident that the trust has achieved diverse public benefit for a number of groups across the UK.

A wide range of public benefit is provided by the hundreds of charities the trust supports each year through its grant programme, as they work to alleviate need and distress, and help people to lead more fulfilling lives. The individuals recognised through the Awards Scheme are at the heart of important social, cultural, and environmental causes. The Awards raise awareness of these causes and of people’s power to make a difference.

Volunteers

The trust recognises the importance of volunteers’ contributions from across the sector. The majority of the trust’s 170 Awards recognise the invaluable contributions of the charity sector’s volunteers.

The trust itself depends on the contributions of 12 dedicated volunteers who act as Ambassadors for the trust, representing the trust at Award presentations and on charity visits. The trust is deeply grateful for their contributions as they add value to its work and partnerships, whilst allowing the trust to grow its number of Awards.

Achievements and performance

During the financial year ending 5th April 2022, the trust made a similar number of grants and Awards to the previous year. During the year the trust supported 113 new charities, predominately in the field of social welfare, although charities working in conservation, heritage and education were also supported. Existing grantee partnerships were maintained and developed further, as is part of the trust’s long-term core funding strategy, making the total number of grants made during the year circa 460.

In addition to the trust’s grant-making activities, over 200 individuals and groups were recognised through regional and national Awards. The trust developed its Awards with 4 of its existing partners, expanding the Awards run with the Refugee Council, National Historic Ships and the Wildfowl and Wetlands Trust to recognise more individuals working in these fields. A new Award was introduced with the Wildlife Trusts to celebrate outstanding members of staff and an Award was introduced with the British Entomological and Natural History Society to recognise entomologists.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2022

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The trust also reintroduced its Awards for excellence in public sculptures, fountains and the conservation of these, through a new partnership with the Public Statues and Sculpture Association.

It would be impossible to run these Awards without the commitment and input of partners organisations and the trust thanks them for their work and support in making these Awards happen.

Financial Review

The trustees endeavour to increase the trust’s charitable giving each year in response to the sector’s needs. In the year ending 5th April 2022, total grants and Awards amounted to £372,705 (£353,711 – 2021). All grants and Awards were made within the objectives of the trust, and details of those made in the year are disclosed in notes 7 and 10 to the accounts. The additional costs associated with providing these grants and Awards amounted to £189,234, bringing the total charitable expenditure of the trust to £561,939. Full details of these costs are disclosed in note 5 to the accounts.

The trustees regularly review the investment portfolio and level of reserves held by the trust. From an original investment of £75,000 in 1981, the trustees have succeeded in generating a capital base of circa £18,130,161 which is invested to produce suitable returns to fund the trust’s work, balanced with achieving long-term capital growth of its assets. In the opinion of the trustees, the reserves held represent a sufficient, but not excessive, income generating base that will ensure that the trust is able to continue to fulfil its charitable objectives for many years.

During the year, the trustees were fortunate to receive charitable gifts, in the form of shares, amounting to the sum of £666,338 from Brian Marsh OBE. These gifts have allowed the trust to once again increase its charitable activities in both grant-making and the Awards Scheme.

Investment Reports

Rothschild

From 6th April 2021 to 5th April 2022, the Marsh Christian Trust portfolio returned +2.02%. this compares negatively with the portfolio’s return objective (inflation +3%), which returned +10.04% over the same period. During the 12 months in review, £343,000 was withdrawn from the portfolio in five parts – April, June, September and December 2021 and March 2022.

Equity markets remained strong over the first quarter of the year, returning +7.1% in local currency and +7.4% in Sterling terms, well above pre-pandemic levels, while government bonds were broadly flat, returning +0.9% (in unhedged local currency terms). Renewed virus outbreaks and lockdown risks failed to derail sentiment against an optimistic backdrop of accelerating vaccinations and robust economic growth during Q2 2022. However, this outlook changed towards the last quarter of the year, with equity markets returning -4.75% in local currency and - 2.15% in Sterling terms.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2022

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The Marsh Christian Trust’s holdings underperformed over the period. The Return Assets, which consist of companies and funds, returned -1.43% (in local currency terms) in the period, below World Equities returns. As expected during a period of falling markets, the Diversifying Assets contributed positively to performance, returning +3.02%.

Throughout the year, we focused on maintaining the level of protection and diversification in the portfolio by investing in new Diversifying strategies that offer an attractive combination of ‘carry’, ‘convexity’ and certainty of pay out. Please find a short summary of these below:

Looking ahead to the New Year, a combination of geopolitical trauma and monetary misjudgement in the aftermath of the pandemic has delivered the highest inflation for decades, and a return to what we used to think of as ‘normal’ interest rates. As the scale of the rebound in interest rates, and (more importantly) the impact of energy prices on European households and businesses, became clearer, expectations of a sharp economic downturn took root.

At year-end, however, a major downturn has yet to materialise – perhaps because European governments have been able to offer more fiscal support, and because gas prices recently fell back sharply – and labour markets remain historically tight. Inflation should soon turn a corner: indeed, it has started to decline in the US and (more recently) in the Eurozone. If so, confidence will grow that western central banks may have raised interest rates insufficiently.

Rathbones

The year from the 5th April 2021 was dominated by inflation as the COVID-related dislocations in spending, employment, production and logistics continued to play out. The markets and particularly leading technology stocks saw better returns as consensus was that inflation pressures would be transitory and that valuations at the time were supportable. This continued into Q3 2021 with markets continuing their ascent and the S&P 500 making new all-time highs.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2022

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This, however was short lived, as fears around inflation remained and central banks wrestled with the data to determine whether this inflation was transitory or likely to persist.

Whilst 2021 as a year was a year of economic recovery, stronger than was expected at the beginning of the year, global valuations started to roll over as the year came to an end, which could mostly be seen in the larger tech names. The first 6 weeks of 2022 found the market still wrestling with inflation, central bank policy changes, and a rotation in markets out of the growth names and towards more cyclical and value ones. February saw the invasion of Ukraine by Russia which clearly brought with it a great deal more uncertainty around both geopolitics and inflation due to the moves in energy and commodity prices. This combined with China’s continued Zero tolerance covid policy lead to significant supply shortages, which has had an inflationary impact. It is this inflationary pressure and the resulting central bank responses, raising interest rates, which has caused the valuation pullback in the markets, rather than anything fundamentally wrong with the companies in the market.

Overall the year to 5th April 2022 saw the FTSE All Share rise 13.0% (Total Return), FTSE 100 up 16.1% (Total Return) and bond index down 5.1% (Total Return). Against this the MCT portfolio was up 11.7% (Total Return). The dividend income recovered a little over the year and was enhanced by special dividends from both Persimmon and RIO.

At the 5th April 2022 the trust had some £194,000 of accumulated income available. This was after the withdrawal of £300,000 over the year to fund Awards. Annual income generation is estimated at £320,000. This amount of income is almost back to the pre-Pandemic levels and the outlook for the coming year is expected to be that dividends remain fairly static.

Markets will struggle to look beyond the war and the initial gas supply worries during the next quarter. Central banks and Governments will become more central in the markets thinking as they grapple with inflation and the consequences of quickly rising interest rates.

Investment policy

The trustees consider the trust’s investments as an integral and important part of its future sustainability and the fulfilment of its charitable objectives. The investment of its permanent endowment allows the trustees to maintain and grow the capital value of the funds in order to generate and increase income to continue and develop its charitable activities.

The trusts follows a total return investment policy whereby funds are invested for capital growth as well as for income. In recent years, the trustees have placed a greater emphasis on seeking dividend income rather than drawing down capital.

Reserves policy

The trust does not run a specific reserves policy as, effectively, the whole endowment portfolio could be available to act as a reserve. In practice the budget is set to provide an annual carry forward surplus in the region of £500,000, which equates to c. 12 months of average monthly expenditure, which could be regarded as a reserve in the event of any unexpected payments. Additionally, the trust maintains sufficient cash reserves, which would allow the trust to cover any immediate overheads in the unlikely event that the trust’s investment portfolios collapse.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2022

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Risk management

The trustees formally review risk on an annual basis as well as when issues arise.

The trustees have reviewed areas of potential risk for the charity. One of the key risks identified is that of substantial investment losses. The charity has a diversified investment portfolio and processes in place to monitor cash flow and spending, which should minimise the potential for long term losses.

The trust also considers the sustainability and reliability of the organisations to which it makes grants to and enters into partnership with, in order to run the Awards.

The trust continues to adhere to the General Data Protection Regulation and processes data in a manner that minimises any risk in this area.

Evidence and Impact

The trust is keen to be better able to evidence and evaluate the impact of its activities. The grants programme is evaluated according to feedback from both longstanding and new grantees. The trust also makes use of broader research on funding and grant-making relationships in order to consider its funding strategies in a wider context. As there continues to be a scarcity of unrestricted funding in the sector, the trust will continue its current funding model.

The trust holds annual meetings with each of its Award partners to review the impact of the Awards. At these meetings, impact is considered from the perspective of the Award winner, the partner organisation, and the field in which they are operating. Necessary changes are considered on an annual basis, in order to maximise the impact of the Awards.

The trust is improving its systems to record and evaluate the impact of its activities going forward.

Covid-19

The trust, like many other charitable organisations, continued to be impacted by the ongoing effects of the Covid-19 pandemic. The administration of the trust continued to work remotely for the most part, with a move back to the office premises taking place towards the end of the financial year.

The number of grant applications received to the trust continued to be larger than usual due to the ongoing effects of the pandemic. The trust continued to maintain close contact with its Award partners, presenting some Awards online and adapting the criteria Awards in some cases to recognise those who went above and beyond for their organisation during the challenges of the pandemic.

MARSH CHRISTIAN TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2022 Future activity In light of the gifts received by the trust, the trustees have increased the trust'5 monthly grant- making budget, from £31.000 to around £33,000, in order lo maximise its charilable expenditure. It is the trust's mission lo continue to support and promote the work of charities and the people behind them. The grants programme is developed each year and focuses on building on longstanding grantee relationships and developing new ones. Each month 10 new organisations are supported, and this will continue over the next year. Award partnerships continue to be developed, and the coming year will see new partnerships with the Association of Science and Discovery Centres, the Church Recording Society. the Envirornmental Investigation Agency and Home-start. The trust will be developing its existing partnership with Mind to increase the number of peer support groups recognised through the Awards, and ils partnership with Royal Botanic Garden5, Kew lo celebrate the achievements of more young volunteers. The trust wi15 also be altering its Awards with the Council for British Archaeology, in order to better highlight the important community archaeology work that is taking place throughout the UK It looks to be a good year for development in the trust and as always, il remains open lo ideas for new Awards with existing and new partners. On behalf of the Board of Trustees Brian Marsh OBE Trustee Dated.. 31 . . £013

MARSH CHRISTIAN TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

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The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the trust and of the surplus or deficit income and expenditure of the trust for that period

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the trust’s transactions and disclose with reasonable accuracy at any time the financial position of the trust and that enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the trust's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

MARSH CHRISTIAN TRUST

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF MARSH CHRISTIAN TRUST

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We have audited the financial statements of Marsh Christian Trust for the year ended 5 April 2022 set out on pages 14 to 44. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of trustees and auditors

As explained more fully in the statement of trustees’ responsibilities, the trustees are responsible for the preparation of financial statements which give a true and fair view.

We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's (APB’s) Ethical Standards for Auditors.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

As part of designing our audit, we determined the materiality level and assessed the risks of material misstatement in the financial statements, including how fraud may occur, by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

MARSH CHRISTIAN TRUST

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF MARSH CHRISTIAN TRUST (CONTINUED)

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We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by the Trustees that represented a risk of material misstatement due to fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councils website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charity's circumstances and have been consistently applied and adequately disclosed, the reasonableness of significant accounting estimates made by the trustees and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Trustees' Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statements

In our opinion the financial statements:

MARSH CHRISTIAN TRUST

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF MARSH CHRISTIAN TRUST (CONTINUED)

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Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Narendrakumar Mistry FCA Senior Statutory Auditor Xeinadin Audit Limited 15/19 Cavendish Place London W1G 0DD

Dated:

MARSH CHRISTIAN TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022

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Income Capital Total Total
Funds Funds 2022
2021
Notes
£		 £ £
£
Incoming resources from generated funds
Donation and legacies 3 - 666,338 666,338
640,900
Investment income 4 362,874
-		 362,874 314,599
Total incoming resources 362,874 666,338 1,029,212 955,499
Resources expended
Costs of generating funds
Investment management costs and other
management charges 39,623 39,623 79,246 71,582
Net incoming resources available 323,251 626,715 949,966 883,917
Charitable activities
Social welfare 339,781 - 339,781 308,293
Arts and heritage 89,120 - 89,120 86,620
Environmental causes and animal welfare 88,276 - 88,276 70,080
Healthcare and medical research 30,870 - 30,870 27,005
Education and training 13,892 - 13,892 14,196
Total charitable expenditure 561,939 - 561,939 506,194
Governance costs 3,900 3,900 7,800 6,950
Write-off adjustment - - - (8,608)
Total resources expended 5 605,462 43,523 648,985
576,118
Net (outgoing)/incoming resources before
Transfers (242,588) 622,815 380,227
379,381
Gross transfers between funds 643,000 (643,000) - -
Net (outgoing)/incoming resources 400,412 (20,185) 380,227
379,381
Other recognised gains and losses
Gains/ (losses) on investment assets - 1,039,854 1,039,854 4,015,379
Net movement in funds 400,412 1,019,669 1,420,081 4,394,760
Fund balances at 6 April 2021 216,396 16,850,504 17,066,900 12,672,140
Fund balances at 5 April 2022 616,808 17,870,173 18,486,981 17,066,900

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MARSH CHRISTIAN TRUST BALANCE SHEET AS AT S APRIL 2022 2022 2021 Notes Fixed a5setS Intangible fixed assets Tangible fixed assets Investments 3.360 2.498 16 841 065 16,846,923 1,873 8 130 161 18,132,034 12 Current assets Debtors.. amounts falling due within one year Cash al bank and in hand 13 10,174 4,895 278 331 283,226 433.306 Creditors.. amounts falling due within one year 14 24 Net current assets 219 977 Total assets less current liabilities Unrestricted funds.. Capital funds 17,870.173 16.850,504 InccThe funds 61 The financial slalemenls We￿ approved by the Iruslees on 31 •Lr Is 8rian Marsh OBE Trustee 15

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

1 Accounting policies

1.1 Basis of preparation

The presentation currency of the financial statements is the Pound Sterling (£).

1.2 Incoming Resources

All incoming resources are recognised once the trust has entitlement to the resources and it is certain that the resources will be received and monetary value of incoming resources can be measured with sufficient reliability.

Assets for distribution are recognised only when distributed. Assets given for use by the trust are recognised when receivable.

Investment income represents dividends and interest receivable from investments.

1.3 Resources expended

Expenditure is recognised when a liability is incurred, which is when there is a legal or constructive obligation committing the trust to the expenditure. All the expenditure is accounted for on an accruals basis.

The costs of generating funds consist of investment management and custodian fees, together with other management charges incurred.

Charitable activities include donations and awards payable to third parties in the furtherance of the charitable objectives of the trust and include both direct costs and support costs relating to these activities.

Governance costs include those incurred in the governance of the trust and its assets and primarily associated with constitutional and statutory requirements.

Support costs include central functions and have been allocated to activity cost categories on the basis of donations and awards made to each of those activities in recognition of the cost of awarding, monitoring and assessing the donations and awards.

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MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

1.4 Fixed asset investments

Unquoted investments are stated at fair value. Quoted investments are valued at the Stock Exchange closing mid-price at 5 April each year.

Current asset investments are valued at the lower of cost and net realisable value.

Realised gains and losses are recognised on the disposal of investments. Unrealised gains and losses are based on the market value of investments at the balance sheet date.

1.5 Pensions

The trust operates a defined contribution pension scheme. Contributions are charged in the financial statements as they become payable in accordance with the rules of the scheme.

1.6 Provisions

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probably that an outflow of economic benefit will be required in settlement and the amount can be reliably estimated.

1.7 Fixed tangible and intangible assets

Intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated impairment losses. Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Website – 5 years on a straight line basis from the year of acquisition. Computer equipment – 5 years on a straight line basis from the year of acquisition.

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

1.8 Going concern

Since 31 December 2019, the spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for a long or indefinite periods of time. In the UK this began on 23[rd] March 2020. Measures taken to control the spread of the virus, including travel bans, quarantines, social distancing and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Governments and central banks have responded with monetary and fiscal interventions to stabilise the economic condition. Marsh Christian Trust is likely to be affected in the form of loss on return on investments, however this will not significantly impact the entity’s position.

As a result of the Russia-Ukraine war, a variety of markets, including energy, agriculture, and the capital markets, have seen an increase in volatility and international sanctions on Russian and Belarusian companies have led to investment companies having to divest in these countries. The Trust’s investment managers have taking all reasonable steps to ensure that they have adhered to all international sanctions and minimised the impact on the investments held on behalf of Marsh Christian Trust.

The trustees, having undertaken various assessments, are of the opinion that the trust is a going concern.

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

2
Fixed Assets
Cost
At 6 April 2021
Additions

At 5 April 2022
Amortisation/Depreciation
At 6 April 2021
Charge for the year
At 5 April 2022
Carrying amount
At 5 April 2022
At 5 April 2021
3
Donations and legacies
Donations and gifts		 Intangible
Fixed assets
£
16,800
-
16,800
13,440
3,360
16,800
-
3,360
2022
£
666,338		 Tangible
Fixed assets
£
3,122
-
3,122
624
625
1,249
1,873
2,498
2021
£
640,900

Gifts in kind represents donations by Brian Marsh OBE of £666,338 (2021 - £640,900) comprising gifts in the form of shares. These have been included at market value at the date of gift as incoming resources to the capital fund for the year.

4
Investment income
Income from listed investments
Income from unlisted investments
Interest receivable		 2022
£
357,738
5,002
134
362,874		 2021
£
285,130
8,978
20,491
314,599

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

5 Total resources expended

Direct
Charitable
Activities
Cost of
Generating Donation/
Support Governance
Funds
Grants
Awards
Costs
Costs
£
£
£
£
£
Donations/grant payments
261,955
Award payments
110,750
Staff cost
29,375
66,998
73,069
Other Costs
Investment managers fees
38,446
Management fees
40,800
Annual review costs
8,536
Books, paper & subscriptions
2,733
Website costs
25
Software maintenance
482
Travel
886
Printing & Stationery
2,813
Bank charges and Interest
333
Training
-
Audit fees
7,800
Write-off adjustment
-
Depreciation
624
Website amortisation
3,360
Total other costs
79,246
11,256
8,536
-
7,800
Total resources expended
79,246
302,586
186,284
73,069
7,800		 Total
£
261,955
110,750
169,442
38,446
40,800
8,536
2,733
25
482
886
2,813
333
-
7,800
-
624
3,360
106,838
648,985

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

_______________

5 Total resources expended (continued)

Investment management costs include administration charges charged by B P Marsh & Company Limited (see note 17) together with investment management fees and other management charges.

The Trust apportions support costs between the difference areas of interest undertaken. Support costs are allocated on a basis consistent with the use of resources.

6 Grants payable

Social & welfare
Arts and heritage
Environmental causes and
animal welfare
Healthcare and medical research
Education and training		 Awards Donations
£
£
33,000
192,799
32,750
25,782
45,000
13,976
-
20,274
-
9,124
110,750
261,955		 Total
2022
£
225,799
58,532
58,976
20,274
9,124
372,705		 Total
2021
£
215,425
60,527
48,969
18,870
9,920
353,711

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations Registered 2022 2021
Charity No £ £
4-Sight 1075447 500 -
A Breath for Life 1069697 500 400
A Rocha UK 1089276 700 600
Abbey Road Centre 1047314 350 300
Abbeyfield Reading Society 233423 - 3,000
ABF The Soldiers Charity 1146420 500 -
Accessible Coach Holidays 1114985 - 300
Acid Survivors Trust International 1154961 350 300
Action on Poverty 290836 1,100 1,000
ActionAid 274467 900 -
Active Hope 1140534 500 -
Advance Brighter Futures 1089638 400 350
African Conservation Foundation 1120705 - 350
African Enterprise 278704 450 450
Agnes Smith Advice Centre 1050456 500 450
Aid Box Community 1172697 500 -
AIDS Care Education and Training 299293 600 -
Aldate’s Community Transformation Initiatives 1143136 500 -
Alex, The Leukodystrophy Charity 1106008 500 -
ALICE (Relief of Poverty Advancement of
Community) 1148385 550 -
All Saints Landmark Centre 1093667 - 300
All Saints Youth Project 1136158 500 450
Anaphylaxis Campaign 1085527 600 550
Archbishop of Canterbury’s Anglican
Communion Fund 1078032 500 -
Archives & Records Association 1041063 360 360
Arena Community 1115569 - 300
Ascend 1073909 750 675
Assist Ministries Overseas - 350
Asylum Welcome 1092265 600 550
Attend 1113067 600 500
Autism Inclusive 1162587 400 300
Autistic Society Greater Manchester Area 1089527 - 500
AVID 1156709 - 650
A Way Out 1137535 500 -
Azalea 1126716 500 -
AzuKo 1156354 400 -
Ballet Rambert Ltd 326926 - 350
Barnabus 1174410 - 950
Barnes Music Society 248878 550 600
Barons Court Project 296034 650 -
Barrow & District Disability Association 513162 - 500
Basildon Community Resource Centre 1082442 - 600

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
Bat Conservation Trust 1012361 500 -
Beaulieu Community Trust 1169335 500 500
Befriending Lewis SC041459 - 300
Bendrigg Trust 508450 600 500
Bentley Beginnings 1081484 500 -
Beyond the Streets 1099006 500 -
Bibic 1057635 1,000 900
Bible Reading Fellowship 233280 1,100 1,000
Bibles for Children 1187754 800 750
Big Brum Theatre in Education Company 514071 400 -
Bikes for Refugees SC047302 - 400
Bipolar Scotland SC021705 450 -
Bipolar UK 293340 500 -
Birmingham City Mission 1051023 1,000 1,000
Birmingham Royal Ballet 1061012 650 600
Birmingham Settlement 517303 - 600
Bishop Creighton House 1059084 500 -
Blind in Business 1011957 600 550
Boaz Trust 1110344 800 700
Bolton Deaf Society 1191838 400 -
Bolton Lads and Girls Club 1051292 - 550
BOSP 1107392 550 500
Botanic Gardens Education Network 1103482 500 -
Braintree Youth Project Charity 1139014 450 400
Branches 1086888 - 300
Breck Foundation 1168384 - 350
Brecon and District Disabled Club 519457 600 -
Bridgend Community Bereavement Support
1180580		 500 -
Bright Cancer Care 1064857 500 -
Brighton and Hove City Mission 1111067 - 550
Bristol Children's Help Society 1092921 550 500
British Acoustic Neuroma Association 1165065 - 450
British Blind Sport 1168093 800 750
British Council for Prevention of Blindness 270941 450 400
British Hedgehog Preservation Society 326885 50 50
British Hen Welfare Trust 1147356 800 700
British Liver Trust 298858 450 400
British Museum 1086080 1,500 8,000
British Polio Fellowship 1108335 350 300
British Thyroid Foundation 1006391 500 400
British Tinnitus Association 1011145 450 400
Brunswick Organic Nursery 1010178 - 500
Building Blocks Family Centre 1101314 - 300
Building Self-Belief CIO 1178101 500 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
Bumblebee Conservation Trust 1115634 600 600
Bury Society for Blind and Partially Sighted
People 1102525 500 -
Calibre Audio Library 286614 1,000 900
Cambridge Theological Federation 1099953 500 -
Cambridgeshire Deaf Association 1062578 - 400
Campaign for National Parks 295336 - 800
Campaign to Protect Rural England 1089685 - 400
Camphill Village Trust Limited 232402 700 -
Canal and River Trust 1146792 1,000 -
Cancer Information and Support Services 1142883 500 -
Canine Partners for Independence 803680 500 -
Capital Mass 1159501 - 400
Cardinal Hume Centre 1090836 1,000 900
Care and Repair Edinburgh SC023790 450 400
Care for Carers SC013450 600 -
Care for the Carers 1074906 - 500
Care for Veterans 1072334 800 800
Carer Support Wiltshire 1092762 - 400
Carers in Bedfordshire 1135507 - 400
Carers Network 1097723 450 400
Caring for God’s Acre 1155536 500 -
Caritas Anchor House 1147794 600 500
Carmarthen Youth Project 1124727 500 -
Carousel Project 297201 450 400
Cavendish Cancer Care 1104261 - 500
Cavernoma Alliance UK 1114145 500 -
CCLASP SC047235 - 500
Cecily’s Fund 1071660 450 400
Centre Ministries 528419 - 400
Cerebral Palsy Plus 1070079 700 600
Chamwell Centre 1162321 - 300
Changing Faces 1011222 950 -
Chapter 1072395 500 -
Chatham Historic Dockyard Trust 292101 1,000 1,000
Child Autism UK 1063982 350 300
Child Bereavement UK 1040419 500 -
Children and Families Across Borders 1085541 - 400
Children with Cancer Fund 1110644 500 -
Children’s Heart Federation 1120557 400 -
Chiltern Open Air Museum 272381 500 -
Chiswick House Friends 289907 30 30
Choices Islington 1124209 500 450
Christian Mercy Foundation Overseas - 500

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
Christians Against Poverty 1097217 - 4,650
Church Action on Poverty 1079986 900 800
Church Mission Society 1131655 1,100 1,000
Church Urban Fund 297483 600 500
Churches Housing Action Team 1049478 500 400
Cinnamon Network 1156985 - 550
City & East London Bereavement Service 1169797 500 -
Clapton Common Boys Club 1121347 500 -
Classics for All 1135379 - 300
Clean Rivers Trust 1037414 900 -
Cleft Lip and Palate Association 1108160 500 450
Climbing Out 1145023 400 350
Clock Tower Sanctuary 1146777 - 700
Clonter Farm Music Trust 1083903 750 700
Clothing Solutions for Disabled People 1120118 900 800
Cockpit Arts 1029643 550 500
Cogwheel Trust 1157141 1,200 1,100
Community Advice Support and Education 1161466 350 -
Community Drug and Alcohol Recovery
Service 1028663 - 300
Compaid Trust 1064160 1,000 900
Conciliation Resources 1055436 400 -
Connect: North Korea 1176563 600 500
Connection at St Martin-in-the-Fields 1078201 - 3,000
Contact 1178557 600 -
Contact A Family 284912 - 550
Cornerstone Benwell 701263 500 -
Cotteridge Church Day Centre 1143091 550 500
Council for British Archaeology 287815 1,000 1,000
CPAS 1007820 600 600
Create Recovery 1158885 - 300
Creation Fest 1121924 500 -
Creative Living Centre 1064628 350 300
CREATIVenergie SC047910 450 400
Creekside Education Trust 1082622 500 -
CRiBS 1122295 400 -
Criminon UK 1098120 800 700
Crossline Christian Counselling Service 1008809 500 -
Crossroads Counselling 1043304 - 500
Cruse Bereavement Care Scotland SC031600 500 500
Cued Speech UK Limited 279523 - 1,000
Cystic Fibrosis Trust 1079049 - 500
Dame Vera Lynn Children’s Charity 1089657 600 550
Dandelion Time 1136613 500 450

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
Dartmouth Caring 900226 500 450
Daventry Contact 1002659 - 700
Dementia Adventure Trust 1163163 400 350
Dementia Support 1158640 500 450
Dementia Together Wirral 1179533 - 500
Dentaid 1075826 - 300
Deptford Action Group for the Elderly 269672 500 450
Derventio Charitable Trust 1142979 500 400
Devon in Sight 1140978 300 -
Different Strokes 1092168 800 750
Disability Advice Service 1152772 500 400
Disabled Sailors Association 1028993 350 300
Disabled Workers Co-operative 1112402 600 550
Discovery 1053115 600 -
Dog Assistance in Disability 1178719 400 300
Dorset Youth Association 306009 450 -
Down Syndrome Development Trust 1155830 - 500
Down Syndrome International 1091843 500 -
Dressability 1102083 500 450
Dudley Canal and Tunnel Trust 1166460 - 350
Dyspraxia Foundation 1058352 700 650
East Northants Community Services 1154210 500 400
East Riding Voluntary Action Services 1121190 - 350
East Sussex Hearing 1101140 500 -
East Sussex Vision Support 209535 450 400
Ecobirmingham 1177761 500 -
ECPAT UK 1104948 - 300
Edinburgh Headway Group SC006528 500 -
Edinburgh Street Pastors SC043582 400 -
Ella’s Home 1187529 400 -
Elmbridge Rentstart 1156746 450 500
Emmanuel Coffee Shop 1119535 400 300
Emmaus Bristol 1071538 500 -
Emmaus Transformation Trust 1069902 450 400
Encephalitis Support Group 1087843 450 400
Engage 1087471 2,328 1,483
English Heritage Trust 1140351 - 84
Enham Trust 211235 450 -
Environmental Investigation Agency 1182208 800 700
ENYP 1168896 - 400
Epic Partners 1150823 - 300
EP Youth 1099864 800 700
Equation 1140240 - 300
ERIC 1002424 500 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
ESPS Ministries SC047753 - 500
Essex Community First Aid Events
Volunteers 1180674 450 -
Essex Respite & Care Association 1051589 500 -
Ethos Group 1040269 - 400
Evangelical Alliance 212325 1,200 1,100
Exaireo 1125402 500 -
ExeAccess 1129560 - 500
Exeter ICE Charitable Trust 1071619 - 400
Exposure 1073922 - 400
Extratime 1116203 500 -
Face Front Inclusive Theatre 1116506 400 300
Family Action 264713 600 550
Families for Children 1093131 - 600
Families United Network 1091474 500 -
Farms for City Children 325120 800 800
Fellowship and Aid to the Christians of
the East 1178592 400 -
Fife Carers Centre SC029466 400 300
Fight Against Blindness 1124806 600 550
Flamingo Chicks 1187604 500 -
Forget-me-not-Chorus 1151812 500 -
Formby Befriending Scheme 1171771 500 -
Foundation for Conductive Education 295873 900 850
Fresh Start 1149347 - 300
Freshwaters Contact Centre 1186179 - 300
Friends for Life Bedfordshire 1165730 - 350
Friends of Ashburton Library 1166980 500 -
Friends of Holcot 1092332 - 500
Friends of Lambeth Palace Library 313023 350 350
Friends of the National Libraries 313020 550 500
Friends of Tower Hamlets Cemetery Park 1107136 500 -
Frodsham Youth Club 1161985 300 -
Frozen Light 1150132 - 400
Furniture Recycling Project 1057619 - 300
Future Trees Trust 1103202 600 550
Gatwick Detainees Welfare Group 1124328 - 300
Genesis Trust 1154253 550 -
Gilead Foundations 1002909 500 -
Giving World 1105883 - 450
GL11 Community Hub 1130096 400 300
Glass Door Homeless Charity 1083203 1,300 4,200
Gloucestershire Bundles 1172833 - 400
Governor’s Academy Overseas 500 500

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
Grace Christian Orphanage Centre Overseas 750 -
Green Synergy 1153883 - 300
Green’s Windmill Trust 1163116 450 400
Grit 1041855 400 -
Groundswell Network Support UK 1089987 450 -
Growing Well 1182018 300 -
Halton Village Millenium Green Trust 1068775 - 300
Hands On London 1140291 450 400
Headway Devon 1097870 - 900
Headway East London 1083910 600 -
Headway West London 1160899 - 400
Health Poverty Action 290535 - 880
Healthy Living Projects 1087256 - 650
Heart of Tamworth Community Project 1157449 - 300
Heartbeat 1140548 - 700
Hebron Trust 1020095 900 -
Helen Arkell Dyslexia Centre 1064646 500 400
Helen Bamber Foundation 1149652 600 -
Helping Hands Community Project 1188613 500 -
Henshaws Society for Blind People 221888 450 -
Heritage Alliance 1094793 650 520
Heritage Crafts Association 1159208 500 500
Hessle Road Network 1097519 550 500
Hextol Foundation 1120857 500 400
Highgate Cemetery 1058392 500 -
Highlights 1124382 450 400
Historic Chapels Trust 1017321 - 950
Home-Start South Leicestershire 1107504 450 400
Home-Start South West Kent 1105047 600 500
Hope at Home 1176802 400 300
Hope Counselling SC042861 400 350
Hot Line Meals Service 1066575 400 -
HOUR Community 1167837 400 350
Hourglass 1140543 - 700
House of St Barnabas 207242 - 700
House of Mercy 1087730 500 -
Hull’s Children’s University 1124329 - 400
Human Trafficking Foundation 1134448 - 5,000
Humans MCR 1189282 500 -
Impact Foundation 290992 1,200 1,100
In Kind Direct 1052679 2,200 2,000
Independence at Home 1141758 1,100 -
InHope 298528 700 600

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
Insight 1125103 550 500
Institute of Conservation 1108380 125 120
Inter Care 275637 1,100 950
International Care Network 1099400 500 -
International Otter Survival Fund SC003875 500 -
Involve Kent 1066911 550 500
Irish Peatland Conservation Council 20013547 900 800
IT Schools Africa 1146157 700 650
Jackson’s Lane 1119318 500 400
Jericho Road Project 1145740 450 -
Joanna Project 1138640 - 300
Jigsaw (South East) 1147696 500 -
JPC Community Farm 1172634 500 -
Just Different 1125004 500 -
Karis Neighbour Scheme 1133510 - 450
Kernow Positive Support 1186054 - 400
KEYS 1154263 500 450
Kids Alive International 1140641 500 -
Kidscan Children’s Cancer Research 1094946 550 800
Kidscape Campaign for Children’s Safety 326864 500 450
Kidz Klub Leeds 1084977 - 500
Kindred Advocacy SC000264 - 450
King’s Church 1102341 - 500
Kingsbridge Area Foodbank 1189068 - 400
Kinship 1093975 500 350
Koestler Trust 1105759 - 1,000
Larne Wellbeing Hub NI00070 400 300
LATCH 1186655 - 400
Latin American Foundation 1125872 500 -
Lead Scotland SC003949 500 -
Leeds Weekend Care Association 1077162 500 -
Legs4Africa 1158697 - 500
Lending Hope Ltd 1179132 500 -
Leukaemia Care 1183890 - 500
Leukaemia UK 1150414 - 850
Lewisham Refugee and Migrant Network 1058631 - 300
Life and Soul 1153304 - 450
Life Centre 1127779 450 -
Lifelites 1165791 500 -
Light House 1164239 500 -
Lighthouse Family Trust 803069 - 300
Link to Change 1098452 500 -
Listening Books 264221 1,100 1,000
Little Sisters of the Poor 234434 700 600

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
Little Troopers 1149258 300 -
Live Music Now 273596 600 -
Living Hope Belfast NIC101113 500 -
Living Paintings Trust 1049103 900 -
Longford Trust 1164701 400 350
Lupus UK 1051610 - 1,000
Luton Shopmobility 1002805 400 -
Lymphoma Action 1068395 - 750
Mae Murray Foundation NIC100842 - 300
Magdalen Environmental Trust 1002373 - 350
Maggs Day Centre 700852 500 -
Maidstone Churches Winter Shelter 1156735 - 450
Manna House 1147785 350 300
Manna Society 294691 1,000 900
Marches Family Network 1047075 500 450
Margaret Pyke Trust 1064672 550 500
Marie Curie 207994 400 -
Marine Conservation Society 1004005 1,100 1,000
Markfield 289904 - 350
Matrix 1081852 550 500
Matthew Trust 294966 1,250 1,100
Mayak Foundation 1154294 500 450
Maytree Respite Centre 1087668 500 450
MCS Aware 1152139 - 300
Medic to Medic 1149904 400 300
Medical Aid for Palestinians 1045315 650 600
Mercia Therapy Centre 701561 450 400
Mercy Ships 1053055 700 -
Merlin MS Centre 1093691 - 450
Methodist Relief and Development Fund 291691 750 650
Midlands Parks Forum 1186863 500 -
Mind 219830 500 750
Mission Aviation Fellowship 1064598 1,100 -
Mission International SC038645 - 400
Mitchell’s Miracles Neuroblastoma Charity 1152726 400 300
Moira Anderson Foundation SC029979 450 400
Morton Hall Detainee Visitors Group 1174056 - 450
Mosaic Middle East 1133576 - 1,000
Mothers for Mothers 1012642 - 450
Mothers’ Union 240531 600 -
Muscular Dystrophy Support Centre 1148855 500 -
Museum of Leathercraft 313056 500 -
Music and Theatre for All 1157016 500 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
My Big Career 1153880 500 -
My Life My Choice 1187726 500 450
MySight York 1159188 400 300
My Time 297481 400 300
Narthex Sparkhill 1100358 550 500
NASS SC049746 250 -
National Eczema Society 1009671 - 300
National Kidney Federation 1106735 - 500
National Lobster Hatchery 1105434 500 500
National Maritime Museum 1147279 125 -
National Portrait Gallery - - 140
National Rheumatoid Arthritis Society 1134859 500 -
Natural History Museum 1146384 1,500 1,500
Nehemiah Project 1058536 - 850
Network Counselling and Training 292801 450 -
New Life Community Counselling NIC106825 - 300
New Team SCIO SC044882 - 500
Nicodemus 1170143 400 -
Noah’s Ark Children’s Venture 1061676 450 -
Noonan Syndrome Association 1140671 - 400
No Panic 1018184 600 -
North Bristol Advice Centre 1066921 500 450
North of England Zoological Society 306077 700 650
Northampton Hope Centre 1015743 - 550
Northamptonshire Association of Youth Clubs 803431 1,000 900
Nottinghamshire Independent Domestic
Abuse Services 1105613 500 -
Nucleo Project 1169328 400 -
Oakleaf Enterprise 1064524 550 -
Oasis Aquila Housing 1107554 600 -
Off the Fence 1108777 950 850
Omega, the National Association for
End of Life Care 1120322 400 -
On Course Foundation 1136618 500 450
One25 1062391 600 550
Only Connect 1116147 500 450
Open Door Exmouth 1094599 900 800
Open Road Visions 1019915 825 750
Opportunity International 1107713 - 750
Orchards 1179459 350 300
Orchard Project 1139952 550 550
Orthopaedic Institute Foundation 1044906 600 550
Ovacome 1159682 500 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
Out There 1120342 500 -
Oxfordshire Youth 1151723 350 -
Painters’ Company 1135314 - 725
Parkinson’s Disease Society UK 258197 600 550
Partnership for Children 1089810 - 550
Pecan 801819 600 500
Pembroke House 1177866 - 400
Pennywell Youth Project 1143789 - 300
Penumbra SC010387 1,000 1,000
Perth Autism Support SC048183 - 500
Peter Pan Centre 1136915 500 -
PhysioNet 1175932 500 -
Playskill 1122745 - 400
POW Nottingham 1129979 400 -
Pragya UK 1082476 350 300
Pregnancy Counselling & Care SC026943 - 500
Prevent Breast Cancer 1109839 400 -
Prisoners' Education Trust 1084718 1,000 950
Prison Fellowship 1102254 700 -
Prodigal Bikes 1170845 500 -
Public Statues and Sculpture Association 1191384 1,750 -
Railway Mission 1128024 500 -
Rare Breeds Survival Trust 269442 350 250
Rape Crisis 1051611 - 450
Reach Volunteering 278837 1,000 850
RECOOP 1139233 - 300
Re-Cycle 1063570 500 450
Reed’s School Charity Account 1187534 750 750
Refugee Info Bus 1168538 - 350
Refugee Support 1174070 - 300
Refugee Survival Trust SC024328 500 -
Refugee Women Connect 1113574 500 -
Religious of Mary Immaculate 238229 500 -
Remap 1137666 - 550
Remar Association 1010448 - 400
Renewable World 1119467 400 350
Resolve West 1000641 - 500
Respite Association 1086598 850 750
Ring20 Research and Support UK CIO 1165651 300 -
Riverbank Trust 1143758 400 350
ROSY – Oxford Health Charity 1057285 - 400
Royal Academy Trust 1067270 200 200
Royal Hospital Chelsea Appeal Ltd 1076414 50 50

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
Royal Opera House 211775 465 465
Rural Coffee Caravan 1187423 450 -
Safeline Warwick 1070854 - 650
Sailors' Children’s Society 224505 - 650
Sailors' & Airmen's Scripture Readers
Association 235708 400 -
Sal’s Shoes 1171670 - 500
Salvation Army 214779 750 650
Sane 296572 - 550
Scottish Bible Society SC010767 400 -
Sefton Support Group 1058183 400 -
Sepsis Research SC049399 500 -
Serve 1043321 700 600
Settled 1184580 500 -
Seven Stories 1056812 - 550
Severn Rivers Trust 1134096 - 350
Shallal 1166404 - 300
Shine 1082777 900 -
Shrewsbury Ark 1163476 550 500
Sikh Sanjog SC004495 - 400
Sixty One 1159302 450 -
Skiggle 1185108 400 -
Snowdon Trust 282754 500 400
Society for the Protection of Ancient Buildings 1113753 - 100
Soldiers’ Sailors’ and Airmens’ Families
Association 210760 - 450
South Bristol Advice Services 1066392 450 400
South of Scotland Wildlife Hospital SC025717 500 -
South West Community Chaplaincy 1128372 - 700
Space4Autism 1189689 450 -
Spadework 291198 800 -
SPEAR Housing Association 1122206 500 -
Spencer Contact 1070072 900 800
Special Stars Foundation 1156237 - 400
Sperrin U3A NIC107553 - 400
Spinal Muscular Atrophy UK 1106815 500 -
Spirit of Peace 1122834 500 -
Spitalfields Crypt Trust 1075947 1,400 -
Sporting Challenge 1140207 - 300
Spring Bank Community Association 700591 500 -
St Albans Museums and Galleries Trust 1051868 500 -
St Cuthbert's Centre 803638 500 -
St Francis Youth and Community Centre 1153521 - 300
St Ives Archive 1136882 500 -

________________ - 33 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
St Luke's Healthcare for the Clergy 1123195 900 -
St Martin’s Centre for Health and Healing 1094458 400 -
St Pauls Advice Centre 1083010 400 350
St Thomas Anglican Church 1175152 - 400
St Vincent’s Family Project 1142095 600 500
Stand Against Violence 1156451 - 300
Steamship Freshspring Trust 1151907 500 -
Steps Conductive Education Centre 1063143 - 300
Stick ‘n’ Step 1136997 500 -
Stone Community Hub 1121854 - 300
Street Child 1128536 - 500
Street Connect SC044879 - 400
Street Teams 1075862 550 500
STUBS 1128980 500 -
Student Christian Movement 1125640 300 -
Student Life 1180933 - 500
SUDEP Action 1164250 500 -
Suffolk Building Preservation Trust 265212 500 450
Sunrise Partnership SC044859 500 -
Sunshine Wishes Children’s Charity SC046697 450 400
Support Line 1097419 - 300
Support Through Court 1090781 500 -
Support U 1145334 - 300
Surrey Drug and Alcohol Care 1151494 350 300
Surviving Economic Abuse 1173256 450 400
Sussex Association for Spina Bifida and
Hydrocephalus 1175032 800 700
Sutton Valence School 1165444 1,000 -
Tackle Prostate Cancer 1163152 - 400
Tate Foundation 1085314 - 1,500
Tectona Trust 1127573 400 -
Teen Action 1120268 500 -
Thames21 1103997 - 400
The Anchor Society 1167933 700 600
The Aspinall Foundation 326567 - 500
The Bethany Children’s Trust 1073817 500 -
The Bevern Trust 1103520 350 -
The Bren Project 1111644 550 -
The British Institute of Organ Studies 283936 250 -
The British Stammering Association 1089967 - 650
The Camden Psychotherapy Unit 1112967 500 450
The Cedar Tree Trust 1043370 500 450
The Cheer-Up Squad 1139859 500 -
The Children’s Bookshow 1162410 1,200 1,200

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
The Compassionate Friends 1082335 550 500
The Counselling Centre 1039911 - 400
The Crossing Point 1159440 450 -
The Crusaders Union 1144923 550 500
The Door Youth Project 1131919 550 500
The Exodus Project 1118191 500 400
The Family and Community Network 1138304 - 300
The Federation of Children’s Book Groups 268289 500 -
The GAP Project 1084622 - 350
The Georgian Group 209934 250 200
The GRAB Trust SC029154 550 500
The Green Team 1080247 - 300
The Haemophilia Society 288260 500 -
The Hardman Trust 1042715 650 -
The Hope Centre 1103903 - 350
The House on the Corner Community 1107670 550 500
The Hull People’s Memorial Museum 1146942 - 500
The Joy Foundation 1133292 500 -
The Leprosy Mission 1076356 1,350 -
The Light House Christian Care Ministry Trust1064132 700 650
The Light of the World Community Centre 1127877 350 300
The Listening Place 1164739 - 450
The Margins Project 1153070 700 -
The Miracle Foundation SC049840 500 -
The Mission to Seafarers Scotland SC041938 - 500
The National Army Museum 237902 45 -
The OHMI Trust 1143623 - 300
The Olive Branch 1116329 - 650
The Olive Tree Cancer Support Group 1157386 400 300
The Oxford Pastorate 1136848 - 400
The PACE Centre 1011133 500 -
The Passage 1079764 - 900
The Phoenix Stroke Club 278998 - 400
The Recovery Course 1170792 - 300
The Ridge SCIO SC047116 500 -
The Second World War Experience Centre
1072965		 - 400
The Separated Child Foundation 1120669 - 500
The Sick Children's Trust 284416 950 900
The Sofa Project 287088 - 450
The Spires Centre 1076888 800 -
The Spitz Charitable Trust 1155033 - 450
The Tuberous Sclerosis Association 1039549 350 -
The Upper Room 1004354 500 -
The Voice That Makes a Difference 1151890 - 400

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7 Charitable Donations (continued) Registered 2022 2021
Charity No £ £
The Welcome Directory 1169014 500 -
The Wellbeing Project 239606 500 -
The Wheelyboat Trust 292216 350 300
Think Children 1146301 650 -
Thorney Island Society 1000751 100 -
Through the Roof 1087788 550 500
Tibet Relief Fund 1061834 700 600
Time Out Group 1161863 500 300
Tiyeni 1113274 450 -
Tom’s Trust 1183559 - 400
Tools for Self-Reliance 280437 - 1,100
Torbay Street Pastors 1123087 - 300
Tough Enough to Care 1187404 500 -
Tourettes Action 1003317 500 -
Tower Hamlets Mission 1154842 1,000 900
Transparency International 1112842 500 -
Trauma Breakthrough 1150508 350 300
Trauma Foundation South West 1146885 - 450
Tree Aid 1135156 550 -
Treloar Trust 1092857 - 800
Turntable Furniture 1090229 - 550
Tyneside Women’s Health 1126648 - 300
UK Harvest 1171916 - 500
Unite Carers 1099188 - 450
Unseen 1127620 500 -
Uttlesford Community Travel 1072529 350 300
Vics in the Community SC048328 350 300
Victoria and Albert Museum 1144508 330 330
VocalEyes 1067245 - 300
Volunteering in Health 1182615 400 -
Volunteering Matters 291222 450 400
Walk Ministries 1168547 400 300
Walsall Bereavement Support Service 1152724 500 -
Walthew House 1167749 500 400
WAND UK 1111925 - 300
Wandsworth Community Chaplaincy Trust 1148824 - 400
War Memorials Trust 1062255 700 -
War Paws 1168239 - 500
Warwickshire Social Inclusion Partnership 507063 - 300
Watt’s Gallery Trust 313612 450 400
Waves Seaford 1118771 - 300
Wellgate Community Farm 1091729 - 400
Wellspring Counselling Ltd 1042995 500 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

7
Charitable Donations (continued)
Registered
Charity No
Wessex Chalk Stream and Rivers Trust
1130991
West Hampstead Women’s Centre
1085824
West London Action for Children
1135648
West Lothian 50 Plus Network
SC024257
Wetherby in Support of the Elderly
1163698
Wiener Holocaust Library
313015
Wikimedia UK
1144513
Wild Futures
1102532
Willowfield Parish Community Association NIC103336
Willow Foundation
1106746
Willow Trust
328386
Wintercomfort for the Homeless
1003083
Without Walls
1119209
Womankind
297258
Woman’s Trust
1143513
Women on the Frontline Ministries
1150842
Women's Aid
1054154
Woodlarks Campsite Trust
306148
World Monuments Fund
1126578
World Villages for Children
1058973
World Without Orphans Europe
1187106
Worth
1172703
Wotton-Under-Edge Historical Society
291936
Wycombe Youth Action
1172046
Wymondham Youth Bus
1156941
Ykids Ltd
1141530
YMSO
1075134
You Raise Me Up
1147534
Young and Inspired
1145639
Young Lewisham Project
1118469
Youth Moves
1168519
Zoological Society of London
208728
Various donation cheques not being banked		 2022
£
-
400
-
450
500
-
300
-
-
-
450
-
350
600
400
450
-
-
-
600
500
500
400
-
500
550
700
500
550
450
500
152
(380)
261,955		 2021
£
450
350
3,000
400
-
400
-
400
300
500
-
450
300
-
350
-
400
400
350
500
-
-
350
500
-
-
-
-
500
350
-
149
(500)
254,861

MARSH CHRISTIAN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year but were reimbursed a total of £862 (2021 - £707) for travelling and other expenses. All costs were incurred in the furtherance of the trust's charitable activities.

The trust does not have indemnity insurance to protect it from loss arising from neglect or defaults of its trustees or agents or to indemnify the trustees or officers against the consequences of any neglect or default on their part.

9 Employees

Number of employees

The average monthly number of employees during the year were:

Trust administrators
Employment costs
Wages and salaries

Social security costs
Other pension costs
 2022
Number
3
2022
£
143,667
14,409
11,366
169,442		 2021
Number
3
2021
£
118,786
12,762
10,000
141,548

There was one employee (2021: nil) whose annual remuneration was £60,000 or more.

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

10 Awards 2022 2021
£ £
Charles Darwin Award and Marsh Prize 1,000 1,000
Lucy Mair Medal and Marsh Prize 1,000 1,000
Marsh Award for Achieving Impact Through Innovation 500 -
Marsh Award for Anthropology in the World 1,000 1,000
Marsh Award for Best Project with Paid Support - 1,250
Marsh Award for Best Volunteer Led Project - 1,250
Marsh Award for Church and Community Heroes 1,000 3,000
Marsh Award for Climate Change Research 1,000 1,000
Marsh Award for Conservation Biology 1,000 1,000
Marsh Award for Conservation in Genetic Bio-Diversity 1,500 1,500
Marsh Award for Early Career Conservationist 2,000 2,000
Marsh Award for Ecologists in Africa 2,000 -
Marsh Award for Education in Botanic Gardens 1,000 1,000
Marsh Award for Excellence in Gallery Education - 3,500
Marsh Award for Excellence in Public Fountains 1,500 -
Marsh Award for Excellence in Public Sculpture 1,750 -
Marsh Award for Excellence in the Conservation of a Public Fountain
or Sculpture 1,000 -
Marsh Award for Innovative Ornithology 1,000 1,000
Marsh Award for International Ornithology 1,000 1,000
Marsh Award for International Wetland Conservation 1,000 -
Marsh Award for International Plant Conservation 1,000 1,000
Marsh Award for Leadership and Innovation in Nature Restoration 875 -
Marsh Award for Local Ornithology 1,000 1,000
Marsh Award for Marine and Freshwater Conservation 1,000 1,000
Marsh Award for Marine Conservation Leadership 4,000 4,000
Marsh Award for Mental Health Peer Support 3,000 3,000
Marsh Award for Ornithology 1,000 1,000
Marsh Award for Outstanding Contribution to the Fight Against
Modern Slavery 4,000 -
Marsh Award for Peacemaking and Peacekeeping 1,500 1,000
Marsh Award for RBST Volunteer of the Year 500 500
Marsh Award for ShipShape Project Volunteers 500 -
Marsh Award for Terrestrial Conservation Leadership 4,000 4,000
Marsh Award for the Encouragement of Medallic Art 1,000 1,000
Marsh Award for Unsung Heroes 875 -
Marsh Award for Volunteering in Support of Older People - 2,250
Marsh Award for Volunteering with The Arts Society 2,500 2,500
Marsh Award for Volunteering with Royal Botanic Gardens Kew 1,000 1,300
Marsh Award for Wetland Conservation 2,000 -
Marsh Award for Young Ornithologist of the Year 500 500
Marsh Award for Museum of London Volunteers - 1,500
Marsh Awards with Barnardo’s 9,600 5,100

___________ -39 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

10
Awards (continued)
Marsh Botany Award
Marsh Ecology Award
Marsh Ecology Book of the Year Award
Marsh Entomology Award
Marsh 'Made in Britain' Award
Marsh Heritage Crafts Trainee Award
Marsh Heritage Crafts Trainer Award
Marsh Heritage Crafts Volunteer Award
Marsh Heroes of the Pandemic Award
Marsh Horticultural Science Award
Marsh IHBC Award for Community Contribution
Marsh IHBC Award for Successful Learning in Heritage Skills
Marsh Lifetime Achievement Award for Gallery Education
Marsh Lifetime Achievement Award with RBST
Marsh Maker of the Year Award
Marsh Marjan Award
Marsh RAI Film Award
Marsh Recovery Awards
Marsh Refugee Volunteer Award
Marsh Team Volunteer Award for Historic Vessel Conservation
Marsh Volunteer Award for Historic Vessel Conservation
Marsh Volunteer Award for Lasting Impact
Marsh Volunteer Award for Long Service
Marsh Volunteer Award for Marine Conservation
Marsh Volunteer Award with the Canal and River Trust
Marsh Volunteer Award with the Churches Conservation Trust
Marsh Volunteer Award with the Kent Wildlife Trust
Marsh Volunteer Award with the Prison Advice and Care Trust
Marsh Volunteer Award with WAWY
Marsh Volunteers for Museum Learning Award
Marsh Young Volunteer Award for Marine Conservation
Marsh Young Volunteer Award with RBGK
Prince Philip Award and Marsh Prize
Thomas Henry Huxley Award and Marsh Prize
Various award cheques not being banked		 2022
£
1,000
1,000
1,000
3,000
-
1,000
1,000
1,000
-
1,500
500
500
-
500
1,000
1,000
500
2,000
4,800
1,000
1,000
500
500
2,000
2,000
3,000
2,150
2,400
2,500
8,000
500
300
600
1,200
1,700
110,750		 2021
£
1,000
1,000
1,000
-
1,000
1,000
1,000
1,000
7,250
1,500
500
750
500
500
-
1,000
-
2,000
2,500
1,500
500
-
-
2,500
-
4,000
2,000
2,000
2,500
7,500
1,000
300
600
1,200
(900)
98,850

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

11 Heritage assets

Fixed asset investments in note 12 include £92,000 (2021 - £92,000) relating to an investment in The Marsh Paper Museum. This represents a collection of over 40,000 images, text and archive material recording the history of one small family from 1840, through the 20[th] century and onto the founding of the Marsh Christian Trust in 1981, with its awards and grant-making activities, taking it into the 21[st] century.

The small archive contains 782 ring binders with approximately 36,985 pages. Each ring binder contains 50 documents contained in 25 plastic sleeves. Additionally, there is a searchable access database. The museum is stored in bespoke oak cabinets especially built to house the files.

The Museum was gifted to the Marsh Christian Trust in 2004 by Brian Marsh OBE, trustee. Since the trust’s inception in 1981, the entries into the Paper Museum have significantly increased and it has grown to include more and more of the charity’s documents and records. With this in mind, the future vision is for The Marsh Paper Museum to become the trust’s official archive and it was gifted on that basis.

___________ - 41 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

12
Fixed assets investments
Market value at 6 April 2021
Disposal at opening book value
Acquisitions at cost
Change in value in the year
Market value at 5 April 2022
Historical cost:
At 5 April 2022
At 5 April 2021		 Quoted
Unquoted
Other
securities
securities investments
£
£
£
9,634,961
7,114,104
92,000
(20,232)
(414,561)
-
684,035
-
-
840,185
199,669
-
11,138,949
6,899,212
92,000
5,122,273
4,741,943
-
5,105,971
5,022,683
-		 Total
£
16,841,065
(434,793)
684,035
1,039,854
18,130,161		 Total
£
16,841,065
(434,793)
684,035
1,039,854
18,130,161

9,864,216
10,128,654
9,864,216

Quoted and unquoted securities mainly comprise investments managed and valued by the trust's investment managers, Rathbone Investment Management Limited and Rothschild Wealth Management (UK) Limited. All investments in securities are included at year-end market value.

Other investments represent The Marsh Paper Museum that was donated by Brian Marsh OBE to the trust in February 2004 and has been included in the financial statements at the trustees’ best estimate of its market value at the year-end (see note 11).

During the year, the trust received gifts of shares from Brian Marsh OBE, as detailed in note 3 of the financial statements.

13
Debtors
Other debtors
Prepayments and accrued income		 2022
£
9,626
548
10,174		 2021
£
4,625
270
4,895

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

14
Creditors: amounts falling due within one year
Trade creditors
Accruals
Taxes and social security costs
Other creditors		 2022
£
-
67,385
9,797
1,177

78,359		 2021
£
39,432
19,713
3,044
1,060
63,249

15 Pension and other post-retirement benefit commitments Defined contribution

The trust contributed to personal pension arrangement on behalf of all its employees. The assets of the scheme are held separately from those of the trust in an independently administered fund. The pension cost charge represents contributions payable by the Trust to the personal pension fund.

Contributions payable by the trust for the year 2022
£
11,200		 2021
£
10,000

16 Analysis of net assets between funds

Income funds
Capital funds
£
£
Funds balances at 5 April 2022
are represented by:
Intangible fixed assets
-
-
Tangible fixed assets
1,873
-
Investments
-
18,130,161
Current assets
148,831
284,475
Creditors: amounts falling due
within one year
(78,359)
__-
72,345
18,414,636		 Total
£
-
1,873
18,130,161
433,306
(78,359)
18,486,981

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

17 Related parties

The trust pays administration charges to B P Marsh & Company Limited, a company of which Mr Marsh is a Director. The administration charges include a share of the office costs and associated overheads and administration costs. During the year to 5[th] April 2022 total administration charges paid by the trust to the company were £40,800 (2021 - £37,200), and at 5[th] April 2022 the trust owed B P Marsh and Company Limited £nil (2021 - £39,432).

During the year the trust also received donations from Brian Marsh totalling £666,338 (2021 - £640,900) in the form of gifts and shares.

In the opinion of the trustees, they consider that there is no ultimate controlling party.

________________ - 44 -