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2024-04-05-accounts

MARSH CHRISTIAN TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

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MARSH CHRISTIAN TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees B Marsh OBE
N Collings
A Marsh
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
8th Floor, Becket House
36 Old Jewry
London
EC2R 8DD
Bankers Lloyds Private Banking
Mayfair
50 Grosvenor Street
London
W1X 9FH
Investment advisors Rathbone Investment Management Ltd
30 Gresham Street
London
EC2V 8AL
Rothschild Wealth Management (UK) Ltd
New Court,
St Swithin's Lane
London
EC4N 8AL

Bankers Investment advisors

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MARSH CHRISTIAN TRUST

CONTENTS

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Page
Trustees' report 1-10
Statement of Trustees' responsibilities 11
Independent auditors' report 12-14
Statement of financial activities 15
Balance sheet 16
Notes to the financial statements 17-44

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

________________

The trustees present their report and accounts for the year ended 5[th] April 2024.

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 decisionmaking processes, the business plan and recent performance of the trust. Trustees are encouraged to attend appropriate external training events where these 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 the trust administrator 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 be appointed to the committee. The membership of the committee is approved at each annual trustee meeting.

The trustees review the activities of the trust on a quarterly basis, but individual trustees maintain regular contact with trust staff. The accounting function is carried out by the trust’s administrators and Xeinadin Audit Limited. The trust is related to B P Marsh and 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 2024

________________

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 relationships 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.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

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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.

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 the applicants do not have to spend unnecessary time filling out a large amount of documentation.

Applications are processed on an ongoing 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 that the trust provides.

In addition to its programme of grant-making, the trust makes funds available to the organisations that it partners with to run the Marsh Awards in the form of a grant towards the running costs of the scheme. This grant is made available on request from the partner organisation and is a modest sum towards the additional costs that the Marsh Awards generate for an organisation. These grants are included in note 7 to the accounts.

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.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

________________

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.

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 trust now runs around 70 Marsh Award schemes with partner organisations across the areas of social welfare, conservation and ecology, the arts and heritage. Full details of the Marsh 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 grants programme, as they work to alleviate need and distress, and help people to lead more fulfilling lives. The individuals recognised through the Marsh 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 70 Awards recognise the invaluable contributions of volunteers across the charity sector.

The trust itself depends on the dedication of 11 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 the number of Marsh Awards.

Achievements and performance

During the financial year ending 5[th] April 2024, the trust made a similar number of grants and Awards to the previous year. During the year, the trust supported 89 new charities, predominantly in the field of social welfare, although charities working in conservation, heritage and education were also supported.

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MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

________________

Existing grantee partnerships were maintained and developed further, as is part of the trust’s longterm core funding strategy, and some grants were provided to partner organisations to assist with the costs of running the Marsh Awards scheme. The total number of grants made during the year was circa 517.

In addition to the trust’s grant-making activities, almost 250 individuals and groups were recognised through regional and national Awards. The trust developed its Awards with 4 of its existing partners, providing more funding for some Awards in order to recognise more individuals working in these fields. A new Award for young people was introduced to the partnership with the Association for Science and Discovery Centres, recognising the importance of young people’s involvement in this sector, and the focus of the Awards with Butterfly Conservation changed to recognise volunteers across the organisation who were making outstanding contributions to the protection of lepidoptera in the UK.

In addition, new Awards were presented in partnership with 2 new organisations. An Award scheme was introduced with the Institute of Conservation to recognise the excellence of professionals working in the heritage sector. Also, the trust began working with Dogs for Good to recognise volunteers across their organisation who supported the training and raising of assistance dogs for people with additional needs.

It would be impossible to run these Awards without the commitment and input of partner 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 2024, total grants and Awards amounted to £478,962 (£440,839 – 2023). 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 £258,515, bringing the total charitable expenditure of the trust to £737,477. 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 £20,937,254 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.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

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During the year, the trustees were fortunate enough to receive charitable gifts, in the form of equity, amounting to the sum of £1,355,000 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 6[th] April 2023 to 5[th] April 2024, the Marsh Christian Trust portfolio returned +12.15%. this compares with the portfolio’s return objective (inflation +3%) of +6.18% over the same period. During the 12 months in review, four withdrawals were made of £90,000 each, in June, October, January and April.

Despite geopolitical tension and higher interest rates across the globe, the final three quarters of 2023 remained positive for equity markets. The year was characterised by very narrow stock market leadership - the US and its richly valued ‘technology’ juggernauts led the market higher, as investors were attracted to the promise of productivity-enhancing Artificial Intelligence. To put this into context, for both Q2 and Q3 2023, the US stock market’s return was almost entirely accounted for by the ‘Magnificent Seven’ (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla).

In the final two months of 2023, risk appetite turned more positive and participation within the US market broadened. Cyclical sectors and smaller stocks started to outperform and the gulf between the leaders and the laggards started to narrow. Entering into 2024, this broadening market participation continued into the end of April 2024.

Interest rates were another key headline across the period. Central banks acted decisively to raise nominal interest rates, and economies remained resilient. Across the period, inflation began to abate. Towards the end of the 2023/2024 tax year the risk of a more inflationary episode fell markedly, and inflation looked to settle between the 2-4% range.

Across the period, the Marsh Christian Trust’s Return Assets were up +22.11% (local), compared to World Equities which performed +23.58% (local). Diversifying Assets were broadly flat, +0.88% (local), only slightly behind UK Government Bonds which returned +1.21%.

The top performer over the period was Ryanair, which contributed +1.50% to the portfolio’s overall performance, and was up +48.17% in local terms. This was a result of the strong travel recovery in 2023, an optimistic outlook in their results, and news of a significant order for new planes from Boeing to expand and refresh their fleet. Reflecting the greater breadth in the market towards the end of the period, two of the long-held steady compounders of value in the portfolio were also in the top performing assets. Berkshire Hathaway returned +34.79% and contributed +1.29% to the portfolio, whilst American Express returned +39.40% and contributed +1.22% to performance.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

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Rothschild (continued)

The Cable companies struggled over the period, as results were below market expectations. We continue to monitor these positions, following the introduction of Fixed Wireless Access into the market, however we believe the companies are currently cheap relative to their intrinsic value. In terms of our ‘Diversifying Assets’, our put options detracted from performance, but this is to be expected during periods of strong equity market performance.

Looking ahead to the next tax year, we can expect geopolitics to remain in focus. However, this previous tax year should remind us that markets are callous, and even in periods of tense and unsettling global developments, economic and market backdrops can remain both resilient and positive. Markets are currently pricing in interest rate cuts, but the speed of these will be determines on just how ‘sticky’ inflation remains.

Rathbones

The year to 5[th] April 2024 has been one of cautious optimism, with global markets stabilising despite ongoing uncertainty. Economic activity remained sluggish in some regions as central banks balanced inflation control with sustaining growth. The US Federal Reserve and other central banks, including the Bank of England and European Central Bank, slowed the pace of rate rises as inflation cooled but remained above target, prompting policymakers to stay cautious. Interest rates peaked in July at 5.25% where they stayed for the remainder of the period. This in part led to a brief but technical recession at the end of 2023.

UK consumers saw some slight relief as inflation continued to fall from 8.2% at the end of March 2023 (having peaked at 11.1% in October 2022,) to a low of 3.2% by 31 March 2024. However, core inflation remained high due to stronger than expected inflation in the service sector. However, consumer sentiment and retail sales improved modestly by late 2023. Central bankers indicated that interest rates would stay elevated to allow time for markets to adjust, particularly in response to energy supply issues off the back of the Russia v Ukraine war.

In equity markets, 2023 saw a recovery, particularly in the technology sector, with the NASDAQ up 12.3% and the S&P 500 rising 9.6%. UK markets had more subdued growth, with the FTSE 100 up 4.1%, supported by commodity prices and a weaker pound. The bond market remained volatile, with UK government bonds down 4.7% and inflation-linked bonds ending the year down 3.8%. While central bank tightening pressured fixed income, signs emerged that rates may have peaked.

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

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Rathbones (continued)

Looking at portfolio performance, the Marsh Christian Trust portfolio posted a return of 1.51% (Total Return) for the year to March 2024. While this underperformed major equity indices like the FTSE 100 which saw a rise of 8.38% (Total Return) and the FTSE All share with an 8.43% gain (Total Return) , it managed to outperform the bond index that saw a loss of -0.04% reflecting our conservative allocation approach in a volatile environment. Income generation from the portfolio saw a slight uptick, with estimated annual income reaching £365,920, an improvement over the previous year of 3%.

Looking ahead, inflation back at stable levels and a gradual decrease in interest rates provide a continued cautiously optimistic outlook for 2024.

However, significant risks remain. Ongoing geopolitical conflicts in Ukraine and the Middle East continue to add uncertainty to global markets, the upcoming UK budget announcement from the Labour government at the end of the month could bring further volatility, particularly around fiscal policy changes and the US elections will add to market uncertainty, with a slight, but still not convincing tilt towards Trump, raising concerns about potential shifts in trade, foreign policy, and economic regulations.

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 trust follows a total return investment policy whereby funds are invested for capital 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.

Risk management

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

MARSH CHRISTIAN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

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Risk management (continued)

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 and enters into partnership within order to run the Awards.

The trust continues to adhere to the General Data Protection Regulation and processes data in a manner that minimizes 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.

Future activity

In light of gifts received by the trust, the trustees have increased the trust’s monthly grant-making budget from around £35,000 to around £45,000, in order to maximise its charitable expenditure.

It is the trust’s mission to 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 longstanding grantee relationships while also developing new ones. Each month, up to 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 FoodCycle, Campaign for National Parks, St Paul’s Cathedral and the Society of Sculptors.

MARSH CHRISTIAN TRUST TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024 Future actlvlty (¢ontlnuéd) The trust will also be developing tis existing partnership with the Canal and River Trust to expand the recognition of their volunteers to include young people and volunteers in leadership roles, and It5 partnership wlth the Institute of Conservation by introducing new categories of Awards. The trust will also look to increase the Awards wrlh the Royal Anthropological Inslilut8 and th8 Council for British Archaeology in recognition of the long-term partnershlp with these organisalions. It looks to be a good year of development for the trust and, as a￿aYs. the trust rèmains open to Ideas for new Awards with both new and exisling partners, On behalf of the Board of Trustees Brian Marsh OBE Trustee Dated.. X).01. 2025 10-

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 2024 set out on pages 15 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the trust’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the trustees’ report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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:

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.

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.

MARSH CHRISTIAN TRUST

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

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There are inherent limitations in the audit procedures performed and the further removed noncompliance 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:

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance the requirements of the Charities Act 2011. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor’s 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.

Narendrakumar Mistry FCA Dated: 31st January 2025 Senior Statutory Auditor Xeinadin Audit Limited 8[th] Floor Becket House 36 Old Jewry London EC2R 8DD

MARSH CHRISTIAN TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024

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Income
Funds
Notes
£
Incoming resources from generated funds
Donation and legacies
3
-
Investment income
4
410,876
Total incoming resources
410,876
Resources expended
Costs of generating funds
Investment management costs and other
management charges
44,169
Net incoming resources available
366,707
Charitable activities
Social welfare
461,919
Arts and heritage
117,075
Environmental causes and animal welfare
105,304
Healthcare and medical research
30,713
Education and training
22,466
Total charitable expenditure
737,477
Governance costs
3,900
Total resources expended 5
785,546
Net (outgoing)/incoming resources before
Transfers
(374,670)
Gross transfers between funds
-
Net (outgoing)/incoming resources
(374,670)
Other recognised gains and losses
Gains/ (losses) on investment assets
-
Net movement in funds
(374,670)
Fund balances at 6 April 2023
307,466
Fund balances at 5 April 2024
(67,204)		 Capital
Funds
£
1,355,000
-
1,355,000
44,169
1,310,831
-
-
-
-
-
-
3,900
48,069
1,306,931
-
1,306,931
1,928,595
3,235,526
17,977,653
21,213,179		 Total
2024
£
1,355,000
410,876
1,765,876
88,338
1,677,538
461,919
117,075
105,304
30,713
22,466
737,477
7,800
833,615
932,261
-
932,261
1,928,595
2,860,856
18,285,119
21,145,975		 Total
2023
£
900,000
382,550
1,282,550
81,136
1,201,414
386,840
101,246
115,893
30,896
12,549
647,424
7,800
736,360
546,190
-
546,190
(748,052)
(201,862)
18,486,981
18,285,119

_____________ - 15 -

MARSH CHRISTIAN TRUST BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Not08 Fixed a$s•ts Intanglble fixed assets Tangible fixed assets Investments 1,304 20 937 254 20,938,558 1,249 12 18,019.152 Current as••ts Debtors.. amounts falling due wlthln onè yèar Cash al bank and In hand 13 11,424 11.048 302,917 384.742 Crndltor•: •fflounls falllng du• wbthln on• y••r 14 N•t currnnt ￿#ètr 26 Total 4u•ts l••• curr•nt Il•bllltl•¥ Unreslrlcled ￿nd8'. Capital funds Income funds 21,213,179 17,977,653 The financial Statements were approved by th8 trustees on knzs Brian Marsh 08E Tru8t•O 16

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

1 Accounting policies

1.1 Basis of preparation

The financial statements have been prepared on the historical cost convention. The financial statements are in accordance with Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" and the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.

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.

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

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.

1.8 Going concern

In the current global economic climate, with global inflationary increases and interest rates rising, a variety of markets, including energy, agriculture, and the capital markets, have seen an increase in volatility. International sanctions on Russian and Belarusian companies have led to investment companies having to divest in these countries. The Trust’s investment managers have taken 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 2024

2
Fixed Assets
Cost
At 6 April 2023
Additions

At 5 April 2024
Amortisation/Depreciation
At 6 April 2023
Charge for the year

At 5 April 2024
Carrying amount
At 5 April 2024
At 5 April 2023
3
Donations and legacies
Donations and gifts		 Intangible
Fixed assets
£
16,800
-
16,800
16,800
-
16,800
-
-
2024
£
1,355,000		 Tangible
Fixed assets
£
3,122
_849
3,971
1,873
794
2,667
1,304
1,249
2023
£
900,000

Gifts in kind represents donations by Brian Marsh OBE of £1,355,000 (2023 - £900,000) comprising equity. 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		 2024
£
401,798
-
9,078
410,876		 2023
£
373,715
-
8,835
382,550

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

5 Total resources expended

Direct
Charitable
Activities
Cost of
Generating Donation/
Support Governance
Funds
Grants
Awards
Costs
Costs
£
£
£
£
£
Donations/grant payments
347,212
Award payments
131,750
Staff cost
49,735
98,012
91,816
Other Costs
Investment managers fees
40,938
Management fees
47,400
Annual review costs
8,255
Books, paper & subscriptions
1,443
Website costs
526
Software maintenance
115
Travel
3,315
Printing & Stationery
810
Bank charges and Interest
1,763
Audit fees
7,800
Paper Museum costs
273
Partner review meetings
1,400
Sundry
258
Depreciation
794
Total other costs
88,338
10,697
8,255
-
7,800
Total resources expended
88,338
407,644
238,017
91,816
7,800		 Total
£
347,212
131,750
239,563
40,938
47,400
8,255
1,443
526
115
3,315
810
1,763
7,800
273
1,400
258
794
115,090
833,615

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

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
£
£
44,601
255,397
42,939
33,097
43,477
24,914
-
19,947
734
13,857
131,751
347,212		 Total
2024
£
299,998
76,035
68,391
19,947
14,591
478,962		 Total
2023
£
263,300
68,980
78,959
21,050
8,550
440,839

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations Registered 2024 2023
Charity No £ £
4-Sight 1075447 - 600
A Rocha UK 1089276 900 800
Abergorki Community Hall 1082175 - 500
Abbey Road Centre 1047314 450 -
ABF The Soldiers Charity 1146420 700 600
Acid Survivors Trust International 1154961 500 400
Action on Poverty 290836 1,200 -
ActionAid 274467 - 1,000
Active Hope 1140534 600 -
ADHD Embrace 1188759 500 -
Advance Brighter Futures 1089638 500 -
African Enterprise 278704 500 -
African Mission 1099264 600 500
Agnes Smith Advice Centre 1050456 700 600
AIDS Care Education and Training 299293 750 -
Aldate’s Community Transformation Initiatives 1143136 700 600
Alex, The Leukodystrophy Charity 1106008 - 700
All Saints Youth Project 1136158 600 -
Almshouse Association 245668 700 -
Amphibian and Reptile Conservation 1130188 750 -
Animal Antiks 1172099 500 -
Alzheimer's Society 296645 - 500
Anaphylaxis Campaign 1085527 700 -
Anglican Centre in Rome 1003666 - 500
AP Cymru 1148010 - 500
Aphasia Re-Connect 1176125 - 500
Archives & Records Association 1041063 360 360
Assist Ministries Overseas - 400
Association for Rehabilitation of Communi-
cation and Oral Skills 1007416 500 -
Asylum Welcome 1092265 - 700
Ataxia-Telangiectasia Society 1105528 600 -
Attend 1113067 800 700
Autism Inclusive 1162587 600 500
Axe Valley West Dorset Ring and Ride
Service 1098002 - 500
Azalea 1190508 600 -
Azuko 1156354 500 -
Back on Track Stroke Rehab Service 1156529 500 -
Ballet Rambert Ltd 326926 - 500
Barnabus 1174410 1,250 1,100
Barnes Music Society 248878 700 -
Barn Owl Trust 1201419 - 800
Barons Court Project 296034 - 750

_______________ - 22 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations (continued) Registered Registered 2024 2023
Charity No £ £
Bassetlaw Food Bank 1154703 600 500
Batley Food Bank 1157520 500 -
Bat Conservation Trust 1012361 - 600
Beaulieu Community Trust 1169335 - 600
Bedfordshire Opportunities for Learning
Disabilities 1091271 - 500
Bendrigg Trust 508450 800 700
Be The Difference 1194936 - 500
Bexhill and Rother Homelessness Unity
Group 1182306 500 -
Bible Reading Fellowship 233280 1,300 1,200
Bibles for Children 1187754 1,000 900
Big Brum Theatre in Education Company 514071 500 -
Bipolar UK 293340 600 -
Birmingham City Mission 1051023 1,200 1,100
Birmingham Community Hosting Network 1151763 - 500
Birmingham Royal Ballet 1061012 950 850
Birmingham Settlement 517303 800 700
Bishop Creighton House 1059084 - 700
Black and Blue 1155743 - 500
Blackfriars Settlement 210558 600 500
Blind in Business 1011957 800 700
Boaz Trust 1110344 950 -
Bolton Deaf Society 1191838 500 -
Bolton Lads and Girls Club 1051292 - 600
BOSP 1107392 650 -
Botanic Gardens Conservation International
1098834		 500 1,000
Bow Foodbank 1162185 - 500
Bradford Inclusive Disability Service 503944 500 -
Braintree Youth Project Charity 1139014 550 -
Brecon and District Disabled Club 519457 700 -
Brent Centre for Young People 1081903 500 -
Brighton Women’s Centre 1003790 500 -
Bristol Children's Help Society 1092921 650 -
British Blind Sport 1168093 - 900
British Hedgehog Preservation Society 1164542 100 50
British Hen Welfare Trust 1147356 900 900
British Liver Trust 298858 - 550
British Museum 1086080 2,500 1,500
British Polio Fellowship 1108335 - 400
British Thyroid Foundation 1006391 600 -
British Trust for Ornithology 216652 2,500 -
Building Self-Belief CIO 1178101 - 600
BucksVision 1147814 500 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Bumblebee Conservation Trust 1115634 900 800
Bury Society for Blind and Partially Sighted
People 1102525 700 600
Butterfly Conservation 254937 1,500 1,500
Butterfly Trust SC033174 600 500
Caldecott Foundation 307889 - 500
Calibre Audio Library 286614 1,250 1,100
Cambridge Breastfeeding Alliance 1161678 500 -
Campaign for Better Transport 1101929 650 -
Campaign for National Parks 295336 - 1,000
Camphill Village Trust Limited 232402 800 -
Canal and River Trust 1146792 1,000 1,000
Cancer Information and Support Services 1142883 600 -
Cancer Support UK 1105703 600 500
Canine Partners for Independence 803680 700 600
Cardinal Hume Centre 1090836 1,200 -
Care and Repair Edinburgh SC023790 650 550
Care for Carers SC013450 800 700
Care for Veterans 1072334 900 -
Careplus 1061356 500 -
Carers in Bedfordshire 1135507 600 500
Carers Network 1097723 - 600
Caris Families 1121919 500 -
Carousel Project 297201 500 500
Cavendish Cancer Care 1104261 650 550
Cavernoma Alliance UK 1114145 650 550
Cecily’s Fund 1071660 600 500
Cerebral Palsy Plus 1070079 900 800
Chamwell Centre 1162321 - 350
Chance Changing Lives 1177984 500 -
Change for Good Community Chaplaincy Ltd 1148824 600 500
Chapter 1072395 700 600
Chatham Historic Dockyard Trust 292101 - 1,200
Child Autism UK 1063982 - 450
Child Bereavement UK 1040419 650 550
Child Growth Foundation 1172807 - 500
Childhood Eye Cancer Trust 327493 500 -
Children First Family Mediation 1137385 - 500
Children’s Heart Federation 1120557 600 500
Children’s Hospital Pyjamas 1185739 450 350
Chiswick House Friends 289907 30 30
Christian Blind Mission 1058162 600 -
Christian Mercy Foundation Overseas 720 600

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024
____________
7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Christians Against Poverty 1097217 2,000 1,800
Christians Together Calderdale 1119477 - 500
Chronic Granulomatous Society 1143049 - 500
Church Action on Poverty 1079986 1,200 1,100
Church Recording Society 1192947 500 -
Churches Housing Action Team 1049478 - 600
CICRA 278212 600 500
Cinnamon Network 1156985 750 650
Clapton Common Boys Club 1121347 - 600
Classics for All 1135379 - 400
Clean Planet 1200299 - 500
Clean Rivers Trust 1037414 1,100 -
Cleanup UK 1120115 - 500
Cleft Lip and Palate Association 1108160 800 700
Climbing Out 1145023 600 500
Clothing Solutions for Disabled People 1120118 1,000 -
Cockpit Arts 1029643 700 -
Cogwheel Trust 1157141 1,600 1,400
Compaid Trust 1064160 1,250 1,100
Conciliation Resources 1055436 600 500
Connect: North Korea 1176563 800 700
Contact a Family 284912 650 -
Conversation Club Leeds 1189217 500 -
Cornerstone Benwell 701263 600 -
Cotteridge Church Day Centre 1143091 - 700
Council for British Archaeology 287815 1,500 1,500
CPAS 1007820 700 -
Create Hope 1162501 600 500
CREATIVenergie SC047910 - 550
Cromarty Care Project SC045704 300 -
CRiBS 1122295 500 -
Criminon UK 1098120 1,000 900
Crossline Christian Counselling Service 1008809 600 -
Cruse Bereavement Care 208078 900 800
Cruse Bereavement Care Scotland SC031600 600 -
Crystal Palace Museum 293693 - 250
Cued Speech UK 279523 1,100 -
Cystic Fibrosis Trust 1079049 700 600
Dame Vera Lynn Children’s Charity 1089657 700 -
Dandelion Time 1136613 700 600
Dartmouth Caring 1187326 600 -
Daventry Contact 1002659 900 800
Daylight Centre Fellowship 1100809 500 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Dementia Friendly Swansea 1199456 600 500
Dementia Support 1158640 800 700
Dentaid 1075826 500 -
Different Strokes 1092168 1,000 900
Disability Advice Service 1152772 - 700
Disability Africa 1172163 600 500
Disability Challengers 1095134 700 600
Disability Information Bureau 1124371 - 500
Disability Law Service 280805 - 500
Disability Support 1178924 500 -
Disabled Sailors Association 1028993 550 450
Disabled Workers Co-operative 1112402 800 700
Discovery 1053115 800 700
Donnington Doorstep 1144821 500 -
Down Syndrome Development Trust 1155830 - 600
Down Syndrome International 1091843 700 600
Down Syndrome Training and Support
Service Limited 1130994 - 500
Dressability 1102083 700 600
Dyspraxia Foundation 1058352 - 900
Dystonia Society 1062595 - 600
East Sussex Vision Support 209535 650 550
Ecobirmingham 1177761 - 700
Ecological Continuity Trust 1126122 600 500
ECPAT UK 1104948 - 400
Elephant Family 1091671 - 250
Ella’s 1187529 500 -
Emmanuel Coffee Shop 1119535 600 500
Emmaus Transformation Trust 1069902 550 -
Encephalitis Support Group 1087843 650 550
Encompass 1154210 700 600
Engage 1087471 1,900 2,100
Enham Trust 211235 650 550
Entelechy Arts Ltd 1068469 - 500
Environmental Investigation Agency 1182208 1,000 1,000
ENYP 1168896 600 500
EP Youth 1099864 950 -
ERIC 1002424 700 600
Essex Dementia Care 1129038 600 500
Essex Respite & Care Association 1051589 700 600
European Squirrel Initiative 1105920 - 500
Evangelical Alliance 212325 1,500 -
Everyone Can 1053961 - 1,100
ExeAccess 1129560 600 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024
____________
7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Exaireo 1125402 - 700
Exeter Scrapstore 1143182 - 500
Exposure Organisation Ltd 1073922 500 -
Family Holiday Charity 800262 500 -
Family Support Derbyshire 1105676 500 -
Families InFocus 1062311 - 500
Families United Network 1091474 700 600
Fareshare 1100051 - 900
Farms for City Children 325120 1,000 900
Fauna and Flora International 1011102 1,000 500
Fields in Trust 306070 800 -
Fife Carers Centre SC029466 600 500
Fight Against Blindness 1124806 800 700
First Days 1157855 550 450
Forest of Avon Trust 1122314 - 500
Forget-me-not-Chorus 1151812 - 700
Foundation for Conductive Education 295873 1,100 1,000
Freya Foundation 1157764 500 -
Friends for Life Bedfordshire 1165730 550 450
Friends of Cathedral Music 285121 - 150
Friends of the Cromford Canal 1164608 500 -
Friends of Holcot 1092332 - 600
Friends of Lambeth Palace Library 313023 350 -
Friends of the National Libraries 313020 500 500
Friends of Thomas Plume’s Library 1098311 500 -
Froglife Trust 1093372 600 500
Frontier Youth Trust 1059328 - 500
Frozen Light 1150132 - 450
Furniture Reclamation and Delivery
Enterprise 1020725 - 500
Future Trees Trust 1201851 750 -
Gazen Salts Nature Reserve 1118116 500 -
Genesis Trust 1154253 700 600
Get Set Girls 1058966 500 -
Gilead Foundations 1002909 - 700
Girls Friendly Society 1054310 500 -
Giving World 1105883 650 550
GL11 Community Hub 1130096 600 500
Glass Door Homeless Charity 1083203 2,000 1,500
Global Skills Centre 1170010 - 500
Gloucester City Mission 115780 500 -
Grace Christian Orphanage Centre Overseas 900 -
Green Light Trust 1000977 500 -
Greener Padbury Group 1198965 500 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024
___________
7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Grit 1041855 500 -
Grove Adventure Playground 1150852 500 -
Growing Well 1182018 500 400
Grow for Life 1173914 500 -
Headliners UK 1043300 500 -
Happy and Healthy Trust 1182927 500 -
Happy Landings Animal Rescue Centre 287194 - 500
Headway East London 1083910 - 700
Headway Hertfordshire 1094046 500 -
Headway West London 1160899 - 600
Health Poverty Action 290535 1,100 1,000
Healthcare Workers’ Foundation 1189737 750 500
HealthProm 1100459 600 500
Healthy Living Projects 1087256 850 750
Hebron Trust 1020095 1,000 -
Held In Our Hearts SC024375 500 -
Helen Arkell Dyslexia Centre 1064646 800 700
Helen Bamber Foundation 1149652 700 -
Helpful Hounds Assistance Dogs 1181017 300 -
Helping Disabilities Trust 1184724 - 500
Helping Hands Community Project 1188613 700 600
Henry Dancer Days 1147982 500 -
Henshaws Society for Blind People 221888 - -
Here2Help 1194517 500 -
Heritage Alliance 1094793 - 1,355
Heritage Crafts Association 1159208 500 500
Hessle Road Network 1097519 700 600
Hextol Foundation 1120857 600 -
Highlights 1124382 600 500
Hillhouse SCIO SC013482 500 -
High Peak Homeless Help 1105442 - 500
Holcot Charitable Trust 1092332 700 -
Home for Good 1158707 600 -
Home from Hospital Care 517190 - 500
Homeless People and the Oxford Churches
(Gatehouse) 1002741 - 500
Hope and Homes for Children 1089490 700 600
Hope at Home 1176802 600 500
Hope for Justice 1126097 - 500
Hope Counselling SC042861 600 500
Horsham Matters 1116253 500 -
Hour Community 1167837 600 500
Hourglass 1140543 900 800
House of Bread 1155425 450 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
House of St Barnabas 207242 800 -
Hospitality and Hope CIO 1159213 - 500
Huguenot Museum 1158304 500 -
Human Trafficking Foundation 1134448 2,000 2,000
Humans MCR 1189282 600 -
Impact Foundation 290992 1,600 1,400
In Kind Direct 1052679 2,400 -
Independence at Home 1141758 1,400 1,250
InHope 298528 900 800
Insight 1125103 850 750
Institute of Conservation 1108380 160 145
Insurance Museum 1188138 1,250 500
Integrated Neurological Services 1107273 600 500
Inter Care 275637 1,000 1,000
Inter Faith Network 1068934 500 -
International Care Network 1099400 700 600
International Needs 1175526 600 500
International Otter Survival Fund SC003875 - 700
Into Work SC028327 600 500
Involve Kent 1066911 - 700
Irish Peatland Conservation Council 20013547 900 900
IT Schools Africa 1146157 900 800
Jackson’s Lane 1119318 - 700
Jigsaw (South East) 1147696 600 600
Karis Neighbour Scheme 1133510 550 -
Kent Wildlife Trust 239992 - 600
Kernow Positive Support 1186054 - 500
KEYS 1154263 700 600
Kids Alive International 1140641 700 600
Kidscan Children’s Cancer Research 1094946 800 700
Kids Matter 1163617 500 -
Kidz Klub Leeds 1084977 700 600
Kingsbridge Area Foodbank 1189068 - 500
Kinross-shire Youth Enterprise SC045043 500 -
Kingship 1093975 700 -
Koestler Trust 1105759 1,000 1,000
Landkey Millenium Green Trust 1077132 - 500
Latin American Foundation for the Future 1125872 700 600
Learning for Life 1112304 500 -
Learn and Thrive 1195053 - 500
Leeds Weekend Care Association 1077162 500 -
Legs4Africa 1158697 600 -
Leukaemia UK 1154856 1,000 850
Life Centre 1127779 - 550
____________

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Lifelites 1165791 - 700
Light House 1164239 - 700
Lighthouse Family Trust 803069 - 500
Linking Lives UK 1170325 600 500
Listening Books 264221 1,450 1,200
Little Discoverers 1125400 600 500
Little Ouse Headwaters Project 1098232 - 500
Little Sisters of the Poor 234434 900 800
Living Hope Belfast NIC101113 700 600
Living Paintings Trust 1049103 1,000 -
London Historic Parks and Gardens 1042337 500 -
Longford Trust 1164701 500 -
Lothian Centre for Inclusive Living SC017954 - 500
Lupus UK 1051610 1,400 1,200
Luton Shopmobility 1002805 - -
Lymphoedema Support Network 1193800 500 -
Magdalene Group 1177626 - 950
Maidstone Churches Winter Shelter 1156735 500 -
Make Them Smile 1150013 500 500
Manchester City Mission 1170263 - 500
Manna House 1147785 450 -
Manna Society 294691 1,100 -
Marches Family Network 1047075 700 600
Margaret Carey Foundation Ltd 1136858 - 500
Margaret Pyke Trust 1064672 750 650
Marias Animal Shelter 1147719 - 500
Marie Curie 207994 500 -
Marine Conservation Society 1004005 1,500 1,300
Markfield 289904 - 400
Marylebone Project 226226 500 -
Matrix 1081852 650 -
Matthew Trust 294966 1,700 1,400
Masic Foundation 1169632 500 -
Maxability 1162002 550 500
MCS Aware 1152139 500 400
Medical Aid for Palestinians 1045315 - 850
Medicinema 1058197 600 500
Mercia Therapy Centre 701561 650 550
Mercy Ships 1053055 900 800
Meriden Adventure Playground Association
1171350		 500 -
Methodist Relief and Development Fund 291691 1,000 900
Middle East Media 271373 600 500
Midlands Migrant Support 1174506 650 550
Miracle Foundation SC049840 600 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations (continued) Registered Registered 2024 2023
Charity No £ £
Missing People 1020419 700 600
Mission International SC038645 600 500
Mitchell’s Miracles Neuroblastoma Charity 1152726 - 450
Moira Anderson Foundation SC029979 600 -
Mosaic Supporting Bereaved Children 1158138 500 -
Mosaic Middle East 1133576 700 600
Multiple Sclerosis Society 1139257 - 700
Muscular Dystrophy Support Centre 1148855 700 -
Museum of Free Derry NI100762 - 500
Museum of London 1139250 - 40
Music and Theatre for All 1157016 600 -
My Big Career 1153880 - 700
My Life My Choice 1187726 700 600
My Mito Mission 1176616 500 -
Myriad Centre 1109843 600 500
My Time 297481 600 450
Narthex Sparkhill 1100358 700 -
National Axial Spondyloarthritis 1183175 - 400
National Children’s Orchestra of Great Britain
803026		 600 600
National Churches Trust 1119845 750 750
National Kidney Federation 1106735 800 700
National Lobster Hatchery 1105434 - 500
National Maritime Museum 1147279 - 500
National Portrait Gallery Exempt 150 -
Natural History Museum 1146384 1,500 1,500
NAYBA 1182111 500 -
Nehemiah Project 1058536 1,000 950
Network Four 1146639 500 -
New Life Community Counselling NIC106825 500 400
New Team SCIO SC044882 700 600
Nicodemus 1170143 - 600
Nimrud Archaeological Trust 1202449 500 -
Noah’s Ark Children’s Venture 1061676 600 500
No Panic 1018184 700 -
North Bristol Advice Centre 1066921 800 700
North of England Zoological Society 306077 900 800
Northamptonshire Association of Youth Clubs 803431 - 1,100
Nottingham Arimathea Trust 1121297 - 500
NPT Transatlantic Ltd 1153376 4,000 -
Nucleo Project 1169328 600 500
Oakleaf Enterprise 1064524 650 -
Oakhurst Community Hub 1169771 - 500
Oasis Aquila Housing 1107554 700 -
OCD Action 1154202 - 600

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Odyssey Project 1045259 500 -
Oesophageal Patients Association 1194327 500 -
Off the Fence 1108777 1,000 1,000
OHMI Trust 1143623 400 -
Omega, the National Association for
End of Life Care 1120322 600 500
On Course Foundation 1136618 - 600
One25 1062391 800 700
Only Connect 1116147 700 600
Open Door Exmouth 1094599 1,000 -
Open Door Colchester 1101675 - 500
Open Road Visions 1019915 900 -
Orchards 1179459 600 500
Oriel Ministries 1134992 600 500
Orthopaedic Institute Foundation 1044906 - 800
Ovacome 1159682 600 -
Oxfordshire Youth 1151723 550 450
Pain Concern SC023559 500 -
Parasol Project 1188736 500 -
Parenting Mental Health 1188036 500 -
Parkfields Community Centre 1191024 500 500
Parkinson’s Disease Society UK 258197 - 800
Passage 1079764 1,000 -
Pathway 803639 - 450
Peacemakers 224571 500 -
Peaches Womb Cancer Trust 1190440 600 500
Pecan 801819 700 -
PhysioNet 1175932 700 600
Peter Pan Centre 1136915 - 700
Pet Food Bank Service 1179613 - 500
Phab 283931 - 450
Plantlife International 1059559 120 -
Playskill 1198233 500 -
Phoenix Social Enterprise 1094101 - 450
PLUS (Forth Valley) Ltd SC003945 - 500
Pragya UK 1082476 600 500
Pregnancy Centres Network 1164610 600 500
Pregnancy Counselling & Care (Scotland) SC026943 700 600
Prevent Breast Cancer 1109839 500 -
Prison Fellowship 1102254 900 800
Prisoners’ Advice Service 1054495 700 -
Prisoners' Education Trust 1084718 1,250 1,100
Prodigal Bikes 1170845 700 600
Progressive Farming Trust Limited 281276 600 500

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Providing Hope and Light NIC10891 - 500
PSP Association 1037087 - 650
Public Statues and Sculpture Association 1191384 2,750 1,750
Quiet Waters SC023661 500 -
Rare Breeds Survival Trust 269442 500 500
Reach Out 1096492 - 500
Reach Volunteering 278837 1,100 1,100
Reading Community Learning Centre 1123017 500 -
Recovery Course 1170792 400 -
Re-Cycle 1063570 600 -
Reed’s School Charity Account 1187534 850 -
Refugee Council 1014576 2,000 2,000
Refugee Support Devon 1143884 600 500
Refugee Support Europe 1174070 - 500
Religious of Mary Immaculate 238229 - 600
Renewable World 1119467 - 600
Remar Association 1010448 500 -
Rescare 1112766 - 500
Resolve West 1000641 - 550
Respite Association 1086598 1,000 950
Restored 1136774 600 500
Restored Hope SC051005 - 500
Restore York 1143678 500 -
Rotherham Talking Newspaper 512545 400 -
Rowan Armour-Brown Memorial Trust 1102888 600 500
Royal Academy Trust 1067270 212 205
Royal Botanic Gardens Kew 803428 500 -
Royal Hospital Chelsea Appeal Ltd 1076414 50 50
Royal Opera House 211775 - 465
Royal School of Church Music 312828 500 -
Royal Star & Garter 210119 600 -
RSPB Scotland SC037654 500 450
Ruby’s Children and Families Centre 1152148 500 -
Rural Coffee Caravan 1187423 - 600
Safe Homes and Kindness 1125159 - 400
Safety Net UK 1164998 500 -
Sailors' Children’s Society 224505 850 750
Salvation Army 214779 - 950
Sane 296572 650 -
Sat 7 1060612 600 500
Scottish Bible Society SC010767 600 500
Scottish Cot Death Trust SC003458 - 500
Scottish Fisheries Museum SC006185 500 -
See Kenya 1151951 - 500

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Seen Ltd 1148979 600 500
Selective Mutism Information and Research
Association 1022673 500 -
Sensory People 1164806 - 500
Sepsis Research SC049399 700 600
Serve 1043321 900 800
Severn Angels Housing and Support 1192817 500 -
Sheerness Dockyard Preservation Trust 1160812 - 500
Shine 249338 1,250 1,000
Shine A Light Support Service 1171090 - 500
Shopmobility Newport 1187694 - 500
Shrewsbury Ark 1163476 650 -
Shropshire Supports Refugees 1196673 - 500
Shropshire Youth Support Trust 1165108 - 400
Sibs – For Brothers and Sisters 1145200 600 500
Signpost 1102485 450 -
Sixty One 1159302 - 550
Snowdrop Project 1158856 600 500
Social Square UK 1156392 - 500
Solar Aid 1115960 - 500
Soldiers’ & Airmen’s Scripture Readers
Association 235708 600 550
Soldiers’ & Airmen’s Family Association 210760 650 -
South of Scotland Wildlife Hospital SC025717 700 -
Southampton City Mission 1162099 - 500
Space4Autism 1189689 - 650
Sparkle 1093690 600 500
Speaking Up Speaking Out 1161691 600 500
SPEAR Housing Association 1122206 600 -
Spirit of Peace 1122834 600 -
Spencer Contact 1070072 1,200 1,000
Special Stars Foundation 1156237 - 500
Spinal Muscular Atrophy UK 1106815 600 -
Spitalfields Crypt Trust 1075947 - 1,600
Square Peg Activities 1185040 500 -
St Elizabeth’s Centre 1176777 600 500
St Francis Youth and Community Centre 1153521 - 400
St Ives Archive 1136882 600 -
St Luke's Healthcare for the Clergy 1123195 1,000 -
St Pauls Advice Centre 1083010 600 500
St Thomas’ Anglican Church 1175152 600 500
St Vincent’s Family Project 1142095 1,000 800
Standout Programmes 1177813 750 500
Starfish Greathearts Foundation 1093862 - 500

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024
___________
7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Steamship Freshspring Trust 1151907 600 600
Steel City Choristers 1195909 500 -
Stick ‘n’ Step 1136997 700 600
Street Child 1128536 550 -
Street Connect SC044879 500 -
Street Teams 1075862 750 -
STUBS 1128980 600 600
Student Christian Movement 1125640 400 -
Student Life 1180933 - 600
SUDEP Action 1164250 - 550
Suffolk Building Preservation Trust 265212 600 -
Suicide Bereavement Support 1184889 - 500
Sunrise Partnership SC044859 800 700
Sunshine and Smiles 1154661 500 -
Sunshine Wishes Children’s Charity SC046697 700 600
Support After Murder and Manslaughter 1000598 600 500
Support Through Court 1090781 800 700
Surrey Drug and Alcohol Care 1151494 550 450
Surviving Economic Abuse 1173256 700 600
Sussex Association for Spina Bifida and
Hydrocephalus 1175032 1,100 900
Sussex MS Centre 801075 500 -
Sutton Valence School 1165444 1,000 -
Swings and Smiles 1120598 500 -
Tackle Prostate Cancer 1163152 - 500
Tailor Ed Foundation SC039426 600 500
Tate Foundation 1085314 1,500 1,500
Team Jak SC045586 - 500
Team Oasis 1099290 400 -
Teen Action 1120268 700 600
Terry Wellard - 500 500
The Anchor Society 1167933 900 800
The Ark Family Resource Centre 297935 300 -
The Bevern Trust 1103520 450 -
The Bren Project 1111644 - 650
The British Institute of Organ Studies 283936 - 250
The British Stammering Association 1089967 950 750
The Cedar Tree Trust 1043370 700 600
The Conservation Volunteers 261009 500 -
The Counselling Centre 1039911 550 450
The Crossing Point 1159440 - 600
The Crusaders Union 1144923 750 650
The Exodus Project 1118191 750 600
The Falconry Centre, Hagley 1191207 500 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024
___________
7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
The Family Trust 1162296 500 -
The Georgian Group 209934 250 250
The GRAB Trust SC029154 650 -
The Haemophilia Society 288260 - 600
The Hardman Trust 1098118 750 -
The House on the Corner Community Project 1107670 750 650
The Joy Foundation 1133292 700 600
The Leprosy Mission 1050327 1,650 1,500
The Light House Christian Care Ministry Trust1064132 - 900
The Living Rooms 1175541 - 500
The Margins Project 1153070 - 800
The Maritime Heritage Trust 268609 500 -
The Mission to Seafarers Scotland SC041938 - 600
The Olive Branch 1186017 850 750
The Olive Tree Cancer Support Group 1157386 600 450
The Onslow Neighbourhood Association 264296 - 500
The Oxford Pastorate 1136848 600 500
The Pace Centre 1011133 600 -
The Parish Trust 1186996 600 500
The Romney Marsh Historic Churches Trust
284909		 - 500
The Separated Child Foundation 1120669 700 600
The Sick Children's Trust 284416 1,200 1,100
The Sofa Project 287088 700 600
The Spires Centre 1076888 900 800
The Spitz Charitable Trust 1155033 - 500
The Upper Room 1004354 600 -
The Voice That Makes A Difference 1151890 500 -
The Welcome Centre 1151282 500 -
The Welcome Directory 1169014 - 500
The Wheelyboat Trust 292216 550 450
The Willow Trust 328386 600 -
Thomas Theyer Foundation 1161913 600 500
Thorney Island Society 1000751 100 -
Through the Roof 1087788 750 650
Tigers4Ever 1160528 500 -
Tibet Relief Fund 1061834 - 700
Time Out Group 1161863 700 -
Tiny Changes SC049112 - 500
Tipton Food Bank 1158120 500 -
Tiyeni 1113274 - 500
TLC Foundation 1201616 500 -
Tom’s Trust 1183559 700 500
Torch Trust for the Blind 1095904 - 500
Tourettes Action 1003317 700 600

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024 FOR THE YEAR ENDED 5 APRIL 2024
___________
7 Charitable Donations (continued) Registered 2024 2023
Charity No £ £
Tower Hamlets Mission 1154842 1,200 1,100
Trauma Breakthrough 1150508 500 -
Trauma Foundation South West 1146885 - 700
Treasures Foundation 1131292 500 -
Tree Aid 1135156 750 650
Treloar Trust 1092857 1,000 900
Turtle Foundation 1186209 500 -
Tushinde Children’s Trust 1189460 500 -
Tutorfair Foundation 1157781 - 500
UK Harvest 1171916 600 -
UK Veterans Hearing Foundation 1188611 600 500
Universal Ease to Redress 1128709 600 500
Unseen 1127620 700 600
Uttlesford Community Travel 1072529 450 -
Victoria and Albert Museum 1144508 350 330
Virtual Doctors 1129924 500 -
VocalEyes 1067245 - 400
Walk Ministries 1168547 500 -
Walthew House 1167749 600 -
WAM Youth 1170638 500 -
War Memorials Trust 1062255 800 -
Warwickshire Social Inclusion Partnership 507063 - 400
Warwickshire Young Carers 1098357 - 500
Watford Sheltered Workshop 229947 500 -
Waves Seaford 1118771 - 400
Welcome to Our Future 1075371 - 500
Wellspring Counselling Ltd 1042995 600 600
Welwyn Hatfield Women’s Refuge and
Support Services 1156186 - 500
West Hampstead Women’s Centre 1085824 500 -
Wetherby in Support of the Elderly 1163698 700 550
Whitby Hidden Impairments Support and
Help 1160390 - 350
Wiener Holocaust Library 313015 550 450
Wikimedia UK 1144513 - 350
Wild Futures 1102532 500 -
Willow Foundation 1106746 600 500
Winchester and District Young Carers 1155854 500 -
Wintercomfort for the Homeless 1003083 600 500
Wish 1054621 500 -
Without Walls 1119209 600 500
Woman’s Trust 1143513 700 600
Women and Children First 1085096 500 500
Women & Families Resource Centre 1131817 400 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

___________
7
Charitable Donations (continued)
Registered
Charity No
Women on the Frontline Ministries
1150842
Women's Aid
1054154
Woodfield Animal Sanctuary
1192645
World Land Trust
1001291
World Monuments Fund
1126578
World Parrot Trust
800944
World Villages for Children
1058973
World Without Orphans Europe
1187106
Wotton-Under-Edge Historical Society
291936
Wycomber Youth Action
1172046
Wymondham Youth Bus
1156941
Ykids Ltd
1141530
Young Carers Development Trust
1150197
Young Musician’s Symphony Orchestra
1075134
Young Roots
1139685
You Raise Me Up
1147534
Your Park Bristol and Bath
1182217
Your Place London
1147794
Zimbabwe Educational Trust
327519
Zoological Society of London
208728
Various donation cheques not being banked		 _____
2024
£
600
600
500
-
-
500
800
600
600
700
600
-
-
1,000
-
-
-
900
500
160
(14,850)
347,212		 _
2023
£
-
450
-
700
350
-
700
-
500
-
-
700
500
800
500
600
500
800
-
159
-
296,539

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year but were reimbursed a total of £3,287 (2023 - £3,280) 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:

Number of employees
The average monthly number of employees		 during the year were:
2024 2023
Number Number
Trust administrators 3 3

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

9
Employees (Continued)
Employment costs
Wages and salaries

Social security costs
Other pension costs
 2024
£
201,150
22,881
15,532
239,563		 2023
£
153,067
21,203
13,167
187,437

There were two employees (2023: 1) whose annual remuneration was £60,000 or more.

10 Awards 2024 2023
£ £
Charles Darwin Award and Marsh Prize - 1,000
Lucy Mair Medal and Marsh Prize 1,000 1,000
Marsh Award for Anthropology in the World 1,000 1,000
Marsh Award for Church and Community Heroes 3,750 3,750
Marsh Award for Climate Change Research 1,000 1,000
Marsh Award for Community Archaeologist 250 250
Marsh Award for Community Archaeology Project 1,000 1,000
Marsh Award for Conservation Biology 1,000 1,000
Marsh Award for Conservation in Genetic Biodiversity 1,500 1,500
Marsh Award for Early Career Conservationist 4,000 2,000
Marsh Award for Early Career Conservators 500 -
Marsh Award for Ecologists in Africa 2,000 2,000
Marsh Award for Education in Botanic Gardens 1,000 1,000
Marsh Award for Excellence in Public Sculpture 1,750 1,750
Marsh Award for Excellence in the Conservation of a Public Fountain
or Sculpture - 1,000
Marsh Award for Excellence in Visual Arts Engagement 3,500 4,000
Marsh Award for Innovative Ornithology - 1,000
Marsh Award for International Plant Conservation 1,000 1,000
Marsh Award for International Wetland Conservation - 1,000
Marsh Award for Leadership and Innovation in Nature Restoration 875 875
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 10,000 10,000
Marsh Award for Museum of London Volunteers 1,100 1,100
Marsh Award for Ornithology 1,000 1,000
Marsh Award for Outstanding Contribution to the Fight Against
Modern Slavery 4,000 4,000
Marsh Award for RBST Volunteer of the Year 500 500
Marsh Award for Research in Conservation 500 -

___________ -39 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

10 Awards (continued) 2024 2023
£ £
Marsh Award for ShipShape Project Volunteers 1,000 -
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 875 875
Marsh Award for Volunteering in Support of Older People 3,000 1,550
Marsh Award for Volunteering with The Arts Society 2,000 3,000
Marsh Award for Volunteering with Royal Botanic Gardens Kew 1,000 1,000
Marsh Award for Wetland Conservation - 2,000
Marsh Award for Wildlife Conservation - 1,000
Marsh Award for Young Ornithologist of the Year 500 500
Marsh Award for Youth Archaeologist 250 250
Marsh Award for Youth Archaeology Project 1,000 1,000
Marsh Awards with Barnardo’s 9,300 9,200
Marsh Botany Award 1,000 1,000
Marsh Director’s Choice Publication Award - 1,000
Marsh Ecology Award 1,000 1,000
Marsh Ecology Book of the Year Award 1,000 1,000
Marsh Entomology Award 3,000 3,000
Marsh European Lepidoptera Award - 500
Marsh Heritage Conservation in Action Award
 500 -
Marsh Heritage Crafts Trainee Award
 1,000 1,000
Marsh Heritage Crafts Trainer Award 1,000 1,000
Marsh Heritage Crafts Lifetime Achievement Award 1,000 -
Marsh Heritage Crafts Volunteer Award 1,500 1,000
Marsh Horticultural Science Award 1,500 2,000
Marsh IHBC Award for Community Contribution 1,000 500
Marsh IHBC Award for Successful Learning in Heritage Skills 500 500
Marsh Lepidoptera Publication of the Year Award - 500
Marsh Lifetime Achievement in Lepidoptera Award - 500
Marsh Lifetime Achievement Award with RBST 500 500
Marsh Maker of the Year Award 1,000 1,000
Marsh Marjan Award - 1,000
Marsh RAI Short Film Award 500 -
Marsh Recovery Awards - 2,000
Marsh Refugee Volunteer Award 6,400 6,400
Marsh Team Volunteer Award for Historic Vessel Conservation 1,000 1,000
Marsh Team Volunteer Award with the Church Recording Society 750 750
Marsh Visiting Lecturer Award - 1,500
Marsh Volunteer Award for Historic Vessel Conservation 750 1,750
Marsh Volunteer Awards with Home-Start 2,300 2,300
Marsh Volunteer Award for Marine Conservation 1,500 1,500
Marsh Volunteer Award with the Association for Science and
Discovery Centres 750 500
Marsh Volunteer Award with Butterfly Conservation 3,000 -

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

10
Awards (continued)
Marsh Volunteer Award with the Canal and River Trust
Marsh Volunteer Award with the Church Recording Society
Marsh Volunteer Award with the Churches Conservation Trust
Marsh Volunteer Award with the Dogs for Good
Marsh Volunteer Award with the Kent Wildlife Trust
Marsh Volunteer Award with the Prison Advice and Care Trust
Marsh Volunteer Award with St Mungo’s
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		 2024
£
4,500
1,050
-
3,000
1,800
2,600
-
5,000
8,000
500
600
600
1,200
(2,700)
131,750		 2023
£
6,000
500
3,500
-
2,050
2,000
7,550
2,500
7,500
500
600
600
1,200
-
144,300

11 Heritage assets

Fixed asset investments in note 12 include £114,760 (2023 - £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 1,063 ring binders with approximately 46,118 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.

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

12
Fixed assets investments
Quoted
securities
£
Market value at 6 April 2023
9,758,907
Disposal at opening book value
(2,731,257)
Acquisitions at cost
-
Change in value in the year
(399,291)
Market value at 5 April 2024
6,628,359
Historical cost:
At 5 April 2024
5,903,754
At 5 April 2023
5,928,917		 Unquoted
Other
securities investments
£
£
8,166,996
92,000
(569,279)
-
5,467,694
-
1,128,724
22,760
14,194,135
114,760
11,311,672
-
6,250,121
-		 Total
£
18,017,903
(3,300,536)
5,467,694
752,193
20,937,254
17,215,426
12,179,038

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 equity from Brian Marsh OBE, as detailed in note 3 of the financial statements.

13
Debtors
Other debtors
Prepayments and accrued income		 2024
£
9,626
1,798
11,424		 2023
£
9,626
1,422
11,048

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

14
Creditors: amounts falling due within one year
Trade creditors
Accruals
Taxes and social security costs
Other creditors		 2024
£
58,531
28,474
6,932
1,563
95,500		 2023
£
40,973
69,475
7,036
1,291
118,775

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.

2024
£
Contributions payable by the trust for the year
14,965
16
Analysis of net assets between funds
Income funds Capital funds
£
£
Funds balances at 5 April 2024
are represented by:
Intangible fixed assets
-
-
Tangible fixed assets
1,304
-
Investments
-
20,937,254
Current assets
101,534
201,383
Creditors: amounts falling due
within one year
(95,500)
__-
7,338
21,138,637		 2023
£
12,767
Total
£
-
1,304
20,937,254
302,917
(95,500)
21,145,975

MARSH CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

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 2024 total administration charges paid by the trust to the company were £47,400 (2023 - £43,600), and at 5[th] April 2024 the trust owed B P Marsh and Company Limited £40,938 (2023 - £40,800).

During the year the trust also received donations from Brian Marsh totalling £1,355,000 (2023 - £900,000) in the form of gifts.

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