2024-04-05-accounts

D G Mai'shall of Cambridge Tiust Annual Trustees Report and Fii]aiicial Sialemenls Foi. the year ended S April 2024 Charity NLiinbei': 286468

D Ci Miii sFiall ufc¢?Ilibridue Ti'iist Contents Lcgal and Adi))inistratike Infr0E￿atiOn Report ofthe Trustees Iiidepeiident Exaiiiiiier s Repoi'l Si<ilenieiit ol- FiiiaiicÉal AcliviliLs Balance ShLei Notes to the Fiiiaiicial Siaiet]ien15 10-16

D G MaiEhall of Cai)Ibi'idge"fi'iisi Legal And Adiiiinistr#tive Infoi'iiiation Charitv Niiiiiber.. 286468 Tpii.slcJL's J A LiigTham (Resigi)ed 27 September ?0?3) R D Mai'sliall S J Moyiiihaii C M H Walkins1￿￿' (Appointed 27 September 2023) Pp'incipal Office Control Biiilding The Airpoit Neiifmarket Road Canibi'idge CB5 81LX Independent EAaininei' MHA Century Hoiise The Lakes Nortliainpton NN4 7HD Biirtkei's Barclays Bank plc 9111 St Andrews Street Cambridge CB2 3AA

D G rshali of L. ?L mbi'idi)e Triisi Repoi't of the Triistees for tlie year ended 5 April 2024 The l-rustees preseiit Ilieir report along N¥'iili the fiiiaiicial sl<11enienls ot the D G M<?rshall of CambridLie l-I'ii81 Iilie -'fi'iist"I foi. the 12 iiionil)% ended 5 Api"il ?0?4. The linancial slalements liiive been pt'epared li) <lccordanee witli the accoiintiiii) policies sel OLII oil pa¥cs 10 and I l aiid coiiipl), w.illi Ilie ii'iist deed aiid <lpplieable Objectives and actii'ities Tlie Trust is conslitiiied undei. a iLLlSt deLd dated 2J Decen)bei' 198? The l-rusi w'as regisiei'ed as a cliai.ily on 17 MarLlI 1983. l'egistialion iiulnber ?86468 and liaNe their pi"incipal otTILe al Contiol Buildiiig, 'fiie Airpoit: Nem'markei Rodd, CaTnbrid. CB) 8RX. Iniliallv ilie Iriist capilal ii'"as £100 bill siiice Ilien fiii'ilier doi)ati0115 ha￿e bee paid into the TrLisi bv Ilie seltlur, Marshall of Canibi'idge Aerospace Liinited (hei'eiiiaft'ei. called "the Coiiipan% -) and Marshall of Cambridge (Floldinos) Limited. The Ti'LlSt 15 eslablislied to cart). oui sueli ch<ll'iiable objects as tlie Trustces. ￿1117 Ilie con%enl of ihe Conipaiij.. niav think fit. Tlie ancil lary objeeis are to siippoi'l.. needv aiid desttrviiig cases arisiiio any¥vhei'e but iii paiticiilai. ainonbj employees or ex-eniploJ.'ees oi. theii. i"eliltives or depeiidaiits of tlie Coiiipan!.. oi. ai)!, siibsidiarN.' oi. associciled coii)paiiN' local chaL-ilie5- aiid local ediicatlollcil iiislituiions as are cliai'iiablc in iiature. Oi'a171 iiicikingiy()IiLJ' The Tnist vi.'ill consider all applicalioiis foi. luiidiiig as received. ProvidLd the application is consistenl ￿'It1) the Ti'iisr's objects and the Ti'iistees and ilie C'oiiipaii}' ai"e iii agi'eement. a doiiation Lould be auihori5ed. 'I'liere is no minimum oi. i)iakimiim donatioii. Public bcnetit ytatement Tlie Trusices conlii'ni the}. lial'e coniplied w'iih Ihe dilly iii section 17 of Ihe Charities Act 2011 lo hav'e due regard to public benefit gliidaiice published b). the Cliaril!. Coniniission. Structure) goi'ernance and management R D Mdrsnall. S J MoJ'nih¢Ln. J A InglMIii diid C M H Walkinsha¥i" serl'ed as l-rLtsiees dui'iiigs the } ear ended i April 20?4. Ti'iislees are appointed aE thc discretioii of ilie Coinpans, tor ali uiilimiled period, but must resig)n tlieir oifice upon being? called to do so by the Board of Directors of the Compan}. Meetings are held on a regyular basis at siicl) lime.% as the TrLislees froni lime 10 iin)e decide. Chai'itable doiiatioiis ¢0 be made al'e aiithorised dl SULh tncelingjs.

D G Marsliall ol Cambridge Ti'l￿1 Report of the Trustees for tlie year elided S April 2024 Structure? governun¢e and in#iia¥enient {¢untinued) I'he Trustees liave exaiiiined the major strategic, biisiness and operational risk5 which Ilie Trust faces and confirin Ilidl systems have been eslablislied to enable re&TLilai' re[￿rtS to be produced so that the necessary steps can be taken to lessen Iliese risks. The Ti'ustees consider the key strategie, business and operational risks to be as follows. Risks assoeiated with investment incorne re12te to peiformance of the ini'estee and income recei￿ed froiii this inveslnient. The 'frusl seeks lo adopt a c&utioiis and prudeiit inTrestment staiice to balance potential I'elLIE'ns M'itli appropriate leiyels of risk. Liqiiidily i'isk The liquidity of the Trust is laken into consideration by the I"rusiees, a proportion ol. assets are lield in readily available assels siich as Cash and iiivestmenl funds which ￿'t easily IiqLiefiAble and therefore have mitigated tliis risk. Relateil Parties Tlie Tiiist has 110 eiiiployees. S J MoytLihaii is Coinpany Seerelary for Marshall of Cambi'idge (Holdintss) Liniited aiid n]￿lY of ils subsidiaries and directoi. of Marsliall of Caiiibridge (Engii?eerin(T) Limited, Frflai'5hall ok. Cambridge (Airport Properties) Limited and Aeroacadeniy Liniited. J A Ingham was ali employee of Marshall ot c.ambridge (Holdings) Liiniled until 30, June 20?3 and resigned as a Trustee in the year. C M H Walkinshaw is Étn cniployee of Mdrshall of Catnbridge (Floldings) Liniiled and director of Cambridge Aei'o Club Limited and appointed as a Trustee during the Ye￿.. Achievements and p¢rformgnc¢ The Trustees believe thal the recipients and amounts of the donalions made during tlie )'¢ar al'e sufticient kor the Triist to lthve achieved ils objectives. Training Ti'ustees are encouraged lo attend appropriate external training e￿.entS where these will facilitate the undeitaking of their iole. Financi41 perform4n¢c Diiring the }ear: the Trust generated investment income of £77.229 (2023 £251.611), generated a surplus of £73.944 12023 1055 £271,732) froni the revaluation lo market Tr'alue of traded investments and a loss ot £309,160 (2023 Ioss £94:455) on the revaluation of non-ti'aded ini'estnienls to latest transaction price,

D (i Mai'si)ciil ()l-Cciiiibridg>e Tiusl Report of the Triistees for the year elided 5 April 2024 Fin%tncig1 performanee (continued) Their were no doiiatiui)s reLeii'ed dui'iiig Ilie J"eai' (2023 £iiil). Tlie Trustees approijtd Cl￿1.11abI¢ don<ltlOl)S <1moiiiiliiiLI to £66.iOO {20?J £73,750) iii acco1'd￿lLe ￿￿'Ith tlie perceived aiins aiid objectives of tl)e TrL18t. MIL. Triist's activities are tiiiaiiced by ils invesln)ents and tl)e iiicome dei'iked rhere tiY>in. Tlie TrLI.s1 has i'LceivLd free nCLOLiiiliiiu aiid <1dini5)ISLI'atl011 tacilities fiom Miif5hall of Canibi'idge (HoldiiiLFS) Limited in tlie yeai.. The Trtislees ciirrenil}' do nol foresee any el)anges to the operation. ainis or objectives ot tlie Ti'LlSt. Ii?}yg.51incni i)()licJ' l-lici'e are no resli'ictioiis on tlie 'l'rust's PO￿.er lo iiivesi. -I'he i11￿'eStniel7I stral¥{T￿. is set by Ilie Triistees And lakes into ¢2CCOllllI Ilie I'LquireiMents to iiiake donations as ￿'ell as ili¢ ne¢d io niaintalll Lapiial bTrowili so to tllsLire ilie Trust's IIiiLire abilities lo fulfil 118 aiins. The ovenll polic J. is for inveslineiit ii) loi¥ aiid niediLiin I'isk tinancial instriii))enis. Tlie weighting ot 111￿.estrnei1t is revieii.ed ani)uall!, b). tlie Ti'L15tees. As at i Api'il ?0?4. <lPPI'oxiiiialel J I l Q/0 (20?3 - 10 % I inK'esled in casli aiid 59fj/￿ l?O?', 5?0/0) iii a biL le(I bs J M l.inn. -l-Iie reiiiaÉnin 380/0) ()f funds i￿ere iiii(L.qted in tl)e pi'etcrci)CL aiid oi'dinaTJ' shal'es ol- Marsliall ul-Can)bi"Ldgse (HuldinbJs) Liiiiil¢d b¢¢¢lLise LIILY gil'e cl fixed aniilial reiui'n of bciween 80/0 and l O % and poienlial tor capital orowili respectiiielv. Tlie piEfei'ence shal-es aiid tion-votiiio prioi'iiy oi'diiiar) sliarLS can bL' sold oli to anyone. ai Ilie disei'ctioii of Ilie Ti'iislees; the sale of Ilie ordin<iry' sl)ai"e5 also I'equii'¢s Ilie approval of Ihe Directors ofmarshall of CaiiibridLTe (Floldings) Lin)ited. R¢J.%'ei'i'cJ.5 13c?liL y, Iin(I g()ing COnLLrn It is Elie polic). of Ihe '[ rLisI lo Inaiiiiain unresiricted I"Linds. ￿..hICh al'e the tree resen'es i)t tlie TrLlSt: at a lei.'el ￿..1]1¢17 ￿.111 genci'alc siifficient anniial iiicoine to CO￿tI, expected annLial doiialions ai)d pi'eserve Ilie i'eal ￿￿]lle of tl)e eiidowed fiiiids. fLlllds ￿'e1'e maiiitained at this level throLiglioiit the )'ear aiid the TrusteLS intend lo coniinue Iliis in the fiiture. Rese￿eS at 5 April 20?4 wei'e £? 818,480 (202J £3.061,319). On the basis ofthe Ti'uqiees assessnieni L)1 tlie TILlSt's lincinci£l1 position. tlie Trustees have a reasoi)able expectalioLI thal the "l-i'ust will be able to conlinLie in operalional existencc for the foi'eseeable tLttiire.

D (i Marsliall ofc al￿bridge I'rusl Report of tlie Trustees for tlie year ended 5 April 2024 Trii.IfL¢.f Re.Iponsibililie.f ,fialeiiieNI Law applicable to cliarities iii Englaiid Wales requires the Trustees io prepare tinancial slalements for each financial year Ni'hich give a true and lail view ol the TrLlSt's financial activities during the year aiid ot- ils financial position at the eiid of the vear. In prepai'ing> Iliose fii)ancial stalemenls. Ili¢ Tiustees ar¢ r¢qiiired 10.. selecl suitable accounting policie8 and then apply Iliem Lonsistenily. observe the iiieiliods aTrd principles iii tlie L'liariligs SORP (FRS 102); niake judgenienls and estimates that are reasonable and pi'udenl; slate svlietlicr applicable ac¢ounlingJ st<mdards and slalements ot recoininended practice have been followied subject to any" departures disclosed aiid explaiLied in ihe financ'ial sl2tenienls,' aiid prepare Ilic financial statenieiils on the goingy concei'n basis uiiless it is inappropriate 10 presiiiiie thai tlie Trust will continiie in operation. The Trustees are respoiisible for keeping accounting records which disclos¢ with reasonable accui'acy at any liiiie the financial positioi) ot the Triisl and enable tl)em 10 ensure that ihe financial statements compl} iirith applicable aLcouiiliiig standards and slalemenls of recoiiimended practice and the regiilalion niade under sl 30 of tlie Charities Act 201 l. Tliey are also i'esponsible for safeguai'diiig Ilie assels of Ilie 'l'wsl and hence for taking reasonable steps t.or tlie preveiition and derection of fraud and oilier irregulai'ities. ,fialenienl 11.5. lo di.s'¢'10.5'111'L lo Iiiii. Independeni Excin7117LI ¥ In so tar as the Trusl¢e5 are <tW'(u"e ¢11 the linie ot appi'oving our Truslee5' annual report.. there is no relevant inforinaEion. being infomialion needed by the Independent Examiiier in coiuiection wilh prepai'ing thcir report. M'hich the Trust's Independent Examiner is iinaH'are, and the Trustee5 have each taken all steps that hclshe is obliged to take as a 1'1'uslee in ol'der lo make Iliemselves aivdre of ¢in}' i'elei'ant audit informalion ajid to establish that the Independent F.xaminer is aware of that infoiynation. Appi'oved by tlie Trustees on 21 October 2024 and sigiied oil tlieir behaifbv.. S J Moynihan Ti'ustee

D CJ Marnhcili ul. Cciiiibi'i(Igc Ti'ust INDEPENDf.NT r.XAPvllNERS REPORT 2024 TO THE TRUSTEES OF D G MARSHALL OF CAMBRIDGf. TRUST I report lo the chariij Triistees oil niv examinatioii of the accounts ot tlie cliarily tor Ilie year ended 5 April 20?4 ii.'Iiich al'e set oiit oli pabyes 8 to 16. EiESPONSIBILITIES AND BASIS OI". REPORT As the chai'iiy iiustees of the Ti'iist >'oii ai'c responsible toi. tlie pi'epai'ation ot the accouiits in MLCOI'daiiLe with tlie I'equii'ei))eiils OF ilie Charities Act ?0 I i (-"Ilie Act.). I I'eport in I'e5pecl of ni>. e.Kaminalion of ilie Triist's accounts cai'i'ied oiit LiiideL seetion 14) ol tlie 2011 Act and in Lafry"LlllJ OLIt ii)}' exaniiiiLl1ion I liave foll1)￿""ed all the applicllble Directions giveii by tl)e Cliarit>' Conimission iindei. seLtioii 145(5)(b) of the Act. INDF.PF.NDENT EXAMINER'S STATFMENT I liai.'e con)pl¢led Iny exaJi)inalion. l Lan LOI)l ii.iii Ilial 110 Inatei'ial mailers liave conie to m), alleiition iii ¢onneclion i¥'iih the ekaniinailoii oiving nie ¢aiise to believt Iliat 111 iy niaterial respect.. accouiiting I'ecords w'ere n()t kept li) re%pect of the Trust as reqiiii'ed bv scction 130 of the Act. oi. ? Ihe aeeounis do i)ol aLLorcl Ki-itli tIiosL I'ecoi'cl8', cii. J. tlic accoiinis do not eoiiipl! w.ith Ilie applicable I'cqiiii'enieiits concerning Ilie foi'iT] aiid coiitenl of aLLQLiiils seL viit iii Ilie Lliai'iiies {ALc()uii15 aiid Repoi'ls) RegTLilalioiis ?008 other Ll)an 2L l)k I'eqiiireineiit tlicll tIiL accoiiiils gTjI-e 1£ 'lrLle aiid fail. I'ieii, i￿.111Lh i not a iiiatiei. eoiisidered as part ot an iiidependenl exaniintstion. I liive no concerns aiid liave coiiie aci-oss no oilier iiiatters in connection witli the exaiiiinalioii to ivlii¢Tri atleiilion should be dE"awn iii this report ii) ordei. lo enitble <1 propcr LiiiderstEJnding of Ihc accoLinls lo be l'eached. Sigiicd.. Rebeeea HLlI)lies BSL {Hons) FCCA MHA 31 Oclobei. 2024

D (i Marshall of C￿nb1'1dge Ti'i15l Statement of Financial Activities for the year ended 5 April 2024 Incoming resources (all unrestricted) Notes 2Q24 2023 Inwtstnient income: Bank interest re¢eiNpble Di￿ldendS receiNtble 8,879 68,350 77,229 250,430 251,611 Total incomin resoui'ees 77229 251,611 R¢sources expcnded Charitable aCti￿lI1eS Independeiil Examiners fee Management charges Other ex en5es Total resources ex 10 66,500 3,900 14.401 51 57,750 2,450 15,607 221 ended 84,852 76.028 Net incoming l (outgoing) i'esource5 (7,623) 175,583 Other reeognised (losses) I gains: Nel loss iii un In￿SiMe1]IS (235,216) (366,1871 Net movement in funds in the year Fund balances brouglil forward (242,839) (190,604) 3,061J19 3.251,923 Fund balanees earried forivard 2,818,480 3,061,319 The Statement of Fiiiancial Activities includes all gains and losses recognised in the Iweli'e month period. All ittLomingF rebouiLes and resources expended derive from conlinLiing activities. All amounts have been rounded to the nearest pound.

D G Il¢if>h..11 ()1 Cf iliL L'htll-11)'- UnrL'sti'i¢'led iiieome funil FLind balance5 bioughi torward Nci i))ovemcni in liinds lor tlic year 3,061,319 1242,839) 3.)i1.92.i 1190.6041 Fuiid bal¥iiices cai'riL.d foni'ard 2,818,480 ),061.359 Approved and aLiiliorised for is5uc bv the Board ol'"I'i'usiees on 21 October ?0?4 and bigned on ils bLh<ilf by.. S J Moynihan Trustee Thc notes on pages l O ÈO 16 fori)I part of Iliese a¢coiints.

D G Mai'shall of Canibridge Tru51 Notes to tlie financial statements foi. the )'ear cnde(15 April 2024 ACCOUNTING POLICIES (nj Stalenienl of tonipliaiice Th¢ Trust is a regislei'ed clwrity, regislered on 17 Mdl'ch 1983. Tlie Trusl's registered address is Control Biiilding,, Tlie Airporl, Neivinllrket Road, Canibridge, CB) 8RX. The financial statenients have been prepared in accordance wilh the Charities Act of 2011: United Kiiigdoin Generall), Accepted Accounting Practice and the Sialemenl of Recommended Practice applicable to charities preparing theii. llceounts in accordance with the Financial Repoitingi Standard l O? (Charities SOKF {F'RS 102)). (b) Basisforprepiiralioii Tlie tinancial slaleinenls have been prepared undei- the historical cost conv¢nlioii as niodified by tlie ineliision of iiiveslmei?Is at market value. The financial staiemenls have been prepared in accordaiice with applicable accoiinting standards. The financial siate]rLents are prepared in sterliLig kvhich is the Trust-'s functional currency. A5 tl)e charity is not a 'l.ai'ger Charity. as defined by Ilie Charities SORP (I-"RS102),' the eiility has taken advantage in not preparing a Statement ot Cash Flow'5. Going Concern The financial stalenient8 liave been prepared on the going conceim basis. OL] clie basis of their a55¢5s111ent of the Ti'usl'5 finatlcial position and of ihe eiiquiries niade of tlie Trustees, the Trustees have a reasoiiable expeciation that the Trust will be able lo onlinue in operationFIl existence for Ilie foreseeable futui'e. 11]us, they continue lo adopt the going coiicern basis of accounting in preparing the annual financial statcments. Judgement5 and key sources of estimatiun unL'ertainty The preparation of the financial statements requires manageiiient to make judgeinen15 estiniales and a55UlnPtions that affect the amoLints reporled for assets and liabilities as al the balance slieet dale ￿]d the aiiioiiiils reported for revenlies and expenses diiring Ilie year. The following judgement had the mosl significant effect on amounts recognised in the financial statemeiitS.' Valualion ofnon-listed invesime171 Non-lisled iiivestments are valued at eitlier th¢ laie51 price at which transactions between independent counterparties wei'e completed oi. at an annual independent professional valuation. (c) Investttieiil income DÈvidcnd income is reLeived wheo the righi to receive payment is established. Income from fixed interest secui'ities and oiher iiiteresl receivable is included on an accruals basis. (Il) litcoining res'oiirces All iiicomiiig resources are recog>nised once reccived. 10

D G ,I,l. ..l)<ill ul. C<iiiibriJ¥e Trii)I Notcs ¢0 th¢ liniincial statements for the )'ear ended 5 April 2024 ACCOUNTINC, POLICIEI S (continued) (È) Re.ftsiifLeS &iiJeiidecl rxpeiidilure is inclLidLd 011 ali accruLlls basis. Doiialiolis niade al'e inLliided Th'iiliiii 1i<lrilable &Lli¥'ities and slanip (ÉLlly oli sliairs bougl)t. legal fees &ind baiik charges are inclLidLd ii'iiliii) oiliei. expeiis¥s. IManagem¢iil Lliai'ge5 01. inve51nieii15 aiid Indepeiident Exaniiners fee are disclosed sepai'atel}'. The Tiiisl did iiol haN'e aiisw einployees iii the ciii'i'ciil or PL'ior yeai.. (fj Doiiatitsiis piiade Donations al'e recognised w'lieii a coiislruc(iv¢ obligation ai'ises Iliai resLIII in ihe paymeiit beiiig ali iinavoidable comtnilmcnl. at the dale ol-approval b}. Ilie Trustees. (g) Vcilii¥ Adile(l Tiix Tlie TTLISI is iinable lo recoiiei- inpllt tax and accoi-dingly expeiises are sliown inclusive of Value Added T¢lX. (li) Fiieil a5.Fel iiivestpiieiit.F Fi.Ked <isset inv'esliiients are iniiiallv I'ecu Tiiised at cost (less iraiisactioii expeiisesl. Siihsequeiitl!.. the ini'estii)eiil% at'e measlired at fair i'£11iie thi'oii(yli Ilie Staieinenl ot ri112£ IIClc11 Actii'ily. Lisied IixeLI c)sseL iiiii¢stiiienls al'e inclLidLd in Il)L balance slieei al clobin¥ bid niarkel value. Investiiienls iii tlie uiilisled sl)111es of Marshall ot CaiiihridLFe (Floldings) l.ii)ii(ed arc I'allied at ilie latest Ii'aiisi< Lti()i) price Any- gain oi. loss ()ii rei'alLialioii is taken 10 the Stateiiieiit ol- b'inlL ncial AL(ii'ilig8. (i) Fiiiuiiciiil 1115triiiiiLiiils Debtoi Debiois are anioiiiits receii'2& ble trum invesinieiils. 11- L(Ill¢LIiL)ii 15 expected in one vear nr leqs. Ihek, ai"e classified as cui'reiil asset5. If Llot. the!". al'e pi'esented as iioii- ciii'rLiII assL%is. Ans. lo)sses ai'isiiig troin iiiipaii'nieni ale recogjnised iii Ihc Stalcinciil of Financial Activities. Creditoi Ci'edilors air doiiations payable oiice a coiistrLi¥live obligali(In ariseb ihdl resLilib III the payment ￿Ing an uiiavoidable coinniitment. at Il)e dale of approN'al bi. Ilie Trustees. If payiiienl is expecied iii one yeai. or less. the￿. al'e classified as curreiit liabilities. If not, they are classltied as noii-cui-reiil. Cash Cash equivalent Cash aiid casli eqiiii'alenls in the balanee sheet compi'ise cash at baiik and in hand. (k) Fiiiiil ffccoiiiiliii DLtai15 of tl)e iiature and piirpose of each fund is set out in note 8.

D G Mc1rshall ol. Cambridge 'frusl Notes to the findncial stHtLments for the yeai. ended 5 April 2024 TAXATION No provision is iiiade foi. laxation by virtue of tlie Trust's charitable stslus. DIVIDLI NDS Dividends received froni investments are as follow5= 2024 2U23 Marshall of Cwnbridge (Holdings) Limired- Class A Prefs Marsliall of Cainbridge (Holdings) LiiMited- Clas5 8 Pref5 Marshall of Cambridge {Holdin&s} Limited- Ordinwy Shares Marshall of Cambridge (Holdings) Liinited- NVPO Shares J M Finn In￿$thnent 5,026 3284 1,180 12,390 46,470 68,350 5,027 3.28) 169,330 49,188 ?50,430 FIXED ASSF.T KNVESTMENTS The Trust holds tlie folloNving fixed asset iiii'estsiieiiis.. .Vai'shall OJ. Cambridge IHolding.¥J Licl i) Trtal.. in¥esfm¥nl3' lolol Cost At 6 April 2023 and 5 April 2024 Gain l (105s) At 6 April 2023 Gain for Ilr year *Olher At S April 2024 271.410 i.yoo.000 1,971,410 884.510 1309.1601 (85.036) 73.944 799.474 {23i,2161 (14.401) 549.857 {14,4011 {25,493) 575.350 Market Value At 5 April 2024 846,760 1,674,507 2,521.267 Ai 6 April 202) 1.155.920 1.614,964 2.770,884 12

D G- Mai'siluil (li C'aiiibi'idge Ti-llsi Notes to the fin#nLi#l statements for thc year ended S Api-il 2024 FixfD ASSET INIIF.STfvIENT.S (eontinuecl) ii) MiirsliÉtll of Caiiibriilue (Holiliiigs) Licl 1017- 11)1117g Pi'ioi'ilj '.4, PI-L? 'B' Pi-¢f ()I'diJiaiJ.' ,8hcii'c'.i' Op'ÉliniiFy T(Iliil Cost At 6 April 2023 i April 2024 61,319 46,341 20,469 143,281 271,410 Giiin Ai 6 Api'il ?023 Gaiii / (loss) lor Ilie yeai. At S Api-il 2024 14,424 104.906 734.344 884,510 (38.645} 1270,5151 (309.1601 30,836 14,424 6C),261 463,829 57iJiO MArket V%lue At 5 Apiil 2024 92,1>> 60,76) 86,7JO 607,110 846.760 At 6 April 2023 60,76) 12i,37i 877,625 l. l i),920 Tlie TrLlSte¢s hai'e Lonliniied lo value Ihe shai"e5 held in Marshall of Cambi'idgre IHoldingFsl l.imited at eiihei. IhL latesi price £lt which li'aiisacli0115 beti¥een independei)I COLincerpai'(ies H'ei'e completed 01- al an annlial iiidependenl i)rotessioi)al valiiation. Tlie iiallie per sl)aie at }'eai' eiid aiid the latest ti'aiisacEion date ivere as I'oiing Pi-ioi'ity 'A' Pi'e/ 'B' Pi-É/' Sl?<ii'es Oi'clinni J, ,glicii'eJ Oi-dinai J. ,ghai'e.s At 5 April 2024 1.47 1.85 2.94 At i April ?0?3 1.47 1.85 4.25

D G Marsliall of Canibridoe TI'LISE Notes to the finaiicial statements fur the }'e#r ended S April 2024 FIXCD ASSET INVESTMENTS (continued) The iiutTribei' of shares lield by Ilie Trust in Marshall of Caiiibridge (Holding5) Liiiiited were as follows. Noii- voling Pi'ioi'ily Dividend ()i'(lin4iy Shai'cs 'A' Pref Shcip-es Ivo. 'Il' Pi-L>/' Orclip7QiJ' .gharcs' Shares At 5 April 2024 62.833 32,846 29,500 206.500 iiij Trrtfleil i11￿51￿clI1￿.' JMFin C05t Ai 6 April 2023 Additions Disposc11s At 6 April 2024 1.700,1Y)O 1,700,000 Gain l (Ios5) At 6 April 2023 Profit for year Other At 5 Apiil 2024 (85.0361 73,944 14.401 Market Value At S April 2024 1.674.507 At 6 April 2023 1.614.964 The other movement in the J M Finn inveslmenÉs pertains lo iiianagement expenses paid lo the advisors amounting to £14,401 (2023 - £15:607). The Trustees have continued to value the shares held in listed funds al the laiesl quoted Diarkel price. 14

D G NAar8hall ol. C'ai-, Notes to the finAncial statements for the )'ear ended 5 April 2024 F.BTORS: 2024 AcC￿￿d diiiidends receii•ble 62) CIIEDITORS: Ami)unts fg11ing due ii'itliin oni. )'ear 2024 ?0?3 Accwa 28,000 27.100 Aeci'uals diie ii-iihin one )'eai' al'e doi)ation coniniitiiienls iiiade by Ilie Ti'ustees and hicli are P<1yablc %Niihin one lear and the InLlepciident l.Yan)iiiei's fee. FINANCIAL INSTRUMENTS 2024 ?o?J FiniinL'itil ci.s.1'¥1.5 111 Iiiii. I'ciliiL ihi'()ii,yh ihL, .Si(IlLJI}IL'ni ipl-Fi171117c'i¢II.4L'III'IIJ' Listed I1)vestn￿n[S Noii-h'sted InveStn￿nIS 1,674,507 846,760 1.614,964 l. l jj,9?0 l. in¢incial u,%.%81.1 Éil dI17(pi ii.¥e(I co.fl 1¢ sli ai Bank 324,i88 317.53) TRUSTCES, Rf.MUNERATION No I"eniuiiei'dtion dii'ectlv oi. iiidii'ectly out of tlie Funds of IliL Triisi ¥N'as paid oi. p&sable for the }'ear or pi'ior sear, to aiiy I"riistee nor to any petson or pei'sons ki)owi) fo be con]iected H'ith &n>' of Iheiii. No reimbiirsLrnent of expenses lias been made oi. is dLie lo be made to aLI)' of tlic Trustees in I'especl ol. Ihe year or the prioi. year. FUNDS All funds al'e uiirestricted funds and comprise tlio8e fLinds wliieh the TrLlStees 2re free to iise in accordance willi Ilic charitable objects. 10. GOVF.RNANCE C'OSTS Audit fees loi. the audil of the fii)anLial stdleinents were previolisly borne by Mursliall of Canibridge (I loldings) Litniled. The Independeni Exaininei's fee is i)ow payable b>. the Trusi.

D CJ Mai'51iall ofc(IinbridgL TI'u5t Notes to the financial statetnellts for tlie vear ended 5 April 2024 I I. CHARITABLE DONATIONS MADE DURING THE YEAR ENDED S APRIL 2024 Tiie follow'ing cliaritable donations were made accvi'daiice witli the obj￿tiveS or Ilie Trusi as set oiit in the Report of the TrLislees. Donee Abbey Peopte Addenbrookes Cknritabk Ti'usl Air T12UliI]bJ Corps Bobb), N4oore BO￿￿1 Ca￿e1. Cambi'xlge Aid CatnbrKtgJe United Conmlllliiiy Ttu¥l Easi At]Lliin Clvklien's HOsp￿e Jinwnys Red Balloon Learner c.ent￿ - C8mb]Idge sal￿tIon Arn Te￿Ishanl SclK>oI The Artliiw Rank Hospice 7,000 7,000 4,000 500 7,000 7,000 7.000 7,000 7,000 3,000 7,000 66,500 Analysis of chai-it#ble donations m¥de during the year etkded S April 2024 Aviqi￿n Hospita15 and related oigonsatKJi Li)Lal Lumnunity Children's ChariiEs DtsabQty, health & life threaten￿]g Education 4,000 7,000 35.000 7,000 10,500 3,000 66,500 12. RELATED PARTY TRANSACTIONS There were no related party transactions that required disclosure for the yeai. ended 5 April 2024 (2023.. nil). 16