Charity number.. 298197 The Martin Charitable Trust Financial Statements and Annual Report for the year ended 5 April 2026 The Martin Charitable Trust Contents Page Trustees, Officers and Advisers Trustees, report Independent Examiner's report Statement of financial activities Balance sheet Notes to the financial Statements io The Martin Charitable Trust Trustees, Officers and Advisers Charity number 298197 Trustees E C Carlton-smith B C Gilbey T H Martin S Dolton (resigned 13 May 20251 FGilbey Trust address 36 Walpole Street London SW3 4QS Bankers Barclays Bank UK Banking One Churchill Place London E14 5HP Investment manager Sara5in & Partners LLP Juxon House 100 St. Paul's Churchyard London EC4M 8BU LGT Wealth Management UK LLP 14 Cornhill London EC3V 3NR Independent examiner Stephen Charles Hawsons, Chartered Accountants Pegasus House 463a Glossop Road Sheffield $10 2QO The Martin Charitable Trust Trustees, report for the year ended 5 April 2026 Structure. Governance and Management The Trust is a registered charity number 298197, governed by a Trust deed dated 25 November 1987 and amended on l May 2011. The Trust was established with funds previously comprised in the Estate of Mrs Kathleen Martin who died on 30 November 1985 and provides that the Trustees shall pay or apply the income and capital of the Trust Fund for the benefit of any one or more of the charity's objects. Trustees The following trustees have held office since 6 April 2025= E C Carlion-smith B C Gilbey T H Martin S Dolton (resigned 13 May 20251 F Gilbey New Trustees are appointed by the existing Trustees, based on their relevant Skills. The Trustees, term in office is undetermined in their governing document and they do not stand for periodic reappointment. Trustees are aware of their legal obligations under charity law and of the deci5ion- making proces5 of the charity. They are strongly encouraged to seek further guidance on their role and attend seminars and training as required. Organisation The Trustees administer the charity and meet regularly throughout the year to discuss the current position and decide whether to make grants to charitable causes that request donations. Related Parties The charity has a close relationship with the Martin's Investment Holdings Limited group. A summary of transactions with these parties is set out in the notes to the financial statements. Reserves Policy The charity's policy with regard to reserves is to make suitable investments in the ongoing development of the charity, whilst maintaining adequate funds to deal with current and medium-term needs. At the end of the current year, total balance sheet reserves of £2,196,49812025.' £2,338,426) ere.hejd.1n￿t)CestrjCteiLgeneraI_funds_ Particulars of the Settlement For charitable objects at the discretion of the Trustees. The Martin Charitable Trust Trustees. report for the year ended 5 April 2026 Financial Review The results for the year to 5 April 2026 are set out in the Statement of Financial Activities on page 8. The position at the end of the year is shown in the Balance Sheet on page 9. Objectives, Activities and Performance The objects of the charity are.. a. The relief of poverty b. The advancement of education The advancement of religion d. Any other charitable purposes beneficial to the community or such Charities as the Trustees may determine The Trustees continue their policy of distributing the Trust income for the benefit of a wide range of Charities. Details of donations in the year are shown in note 4 to the financial statement5. Future plan5 The ftjture plans for the charity are that it is to continue receiving income from its investments and donating monies to various good causes each year so that the retained balance within the charity grows. Public Benefit The charity has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing its aims and objectives and in planning future activities. In particular the Trustees consider how planned activities will contribute to the aims and objectives they have set. Adfninistration The administration is carried out from the charity's registered office at 36 Walpole Street, London, SW3 4QS. Risk Management The Trustees have made an assessmer¢t of the risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. T.he_char.itwhas.no-operAtionalJisksJts_risksarE_r.elated_toinvestmenLstrategwanL*it_guards.against those risks by ensuring, with advice from its investment managers, a reasonable diversification on investments. Procedures are in place to review identified and new risks on a regular basis. The actions needed to be taken if a recognised potential risk occurs, or if a change in the likelihood of a risk occurring is identified, have also been considered and are monitored and reassessed by the Trustees. statement of Trustees, Responsibilities The Trustees are responsible for preparing the Report of the Trustees and the financial statements in The Martin Charitable Trust Trustees, report for the year ended 5 April 2026 accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparin8 these financial statements, the Trustees are required to.. select sijitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departure5 disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continues in business. The trustees are responsible for maintaining proper accounting records which disc105e with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with thecharities Act2011, thecharity (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are also responsible for safeguarding the a55ets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. Approved by the Trustee5 and signed on their behalf bv- E C Carlton-smith Date.. 3 July 2026 The Martin Charitable Trust Independent Examiner's report to the Trustees of the Martin Charitable Trust I report to the trustees on my examination of the accounts of the Charity for the year ended 5 April 2026 which are set out on page5 8 to 13. Respertive responslbilltles and basis of report As the charity's trustees of the trust you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me Cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act.. or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and content of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. S A Charles FCA, Partner Hawson5, Chartered Accountants Pegasus House, 463a Glossop Road, Sheffield SIO 2QD 3 July 2026 The Martin Charitable Trust Statement of Financial Activities for the year ended 5 April 2026 Unrestricted 2026 Unrestricted 2025 Note Incoming resources Incoming resources from generated funds Donations received or receivable Investment income 150,000 7,326 150,000 17,126 Total incoming resources 157,326 167,126 Resources expended Charitable activities: Grènts to charitie5 Governance costs 242.854 13,681 87,633 3,254 Total resources expended 256,535 90,887 Net lexpenditurellincome before other recognised galns and10sse5 199,2091 76,239 Gainslllossesl on investment assets Realised during the year Unrealised during the year 142.7191 45,543 Net movement in funds 1141,9281 121,782 Funds brought forward 2,338,426 2,216,644 Funds carried forward 2,196,498 2,338,426 rm art of these financial statements. The Martin Charitable Trust Balance Sheet as at 5 April 2026 Unrestricted funds 2026 Unrestricted funds 2025 Note Fixed assets Investments 2,007,703 2,043,071 Current assets Donations recÈivat)le Cash at bank and investment manager 75,000 221,355 190,595 Creditors Amounts failing due within one year 11,8001 11,0001 Net current assets 188,795 295,355 Total net assets 2,196,498 2,338,426 Represented by.. Unrestricted funds 2,196,498 2,338,426 The notes on pages 10 to 13 form part of these financial statements. The financial statements have been prepared in accordance with the Financial Reporting Standard applic6ble in the United Kingdom and Republic of Ireland IFRS1021. The financial statements were approved by the Trustees on 13 Julyl 2026 and were signed on their behalf by.. E C Carlton-smith The Martin Charitable Trust Notes to the financial statements as at S April 2026 Accounting Policies Basis of preparation of financial statements The financial statement5 have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts i accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021 and the Charities Act 2011 and UK Generally Accepted Practice. Funds structure Unrestricted income and capital funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects of the Trust. Incoming resource5 All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probably the income will be received. For legacies, entitlement is taken as the earlier of the date on which either.. the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executorlsl to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Charity, or the Charity Is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Resources expended All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation purposes. Irants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has_&r.easonable_expectaliornthat theyill.r.eceiv.e_agrant and_the_Tn￿tees￿av_￿agr_e￿d_tLlp3 the grant without condition, or the recipient has a reasonable expectation that they will receive grant and any condition relating to the grant is outside the control of the Trust. Value Added Tax is not recoverable by the charity and, a5 such, is included in the relevant costs in the Statement of Financial Activities. Cash flow The financial statements do not include a cashflow statement because the charity, as a small reporting entity within the provisions of FR5102, is exempt from the requirement to prepare such a statement (effective 16 July 20141. io The Martin Chafltable Trust Notes to the financlal statements as at 5 April 2026 Investments Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and 50sses arising on revaluations and disposals during the year. Taxation The Trust is a registered charity and, as such, is not subject to tax on its income and gains falling within Sections 518 to 537 of the Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from income and capital gains tax to the extent that they are applied to its charitable. Going concem The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the goinE concern basis of accounting in preparing the annual financial statements. Donations received or receivable 2026 2025 Martin's Investment Holdings Limited 150,(M)O 150.(XJO Investment Income 2026 2025 Unit Trust dividends received 7,326 17,126 Grants The charity undertakes its charitable activities through grant making and awards grants to a number of institutions in furtherance of its charitable objectives. li The Martin Charitable Trust Notes to the financial statements as at 5 April 2026 Gfant funded activities 2026 Grant funded activities 2025 CW+ Best Foryou reg. charity 1169897 Kensington & Chelsea Foundation reg. charity 1125940 The Nucleo Project reg. charity 1169328 Young Roots reg. charity 1139685 Young Sounds UK reg. charity 1070994 Action for Conservation reg. charity 1157297 Rewilding Britian reg. charity 1159373 Body and Soul reg. charity 1060062 The Glass Door Homeless Charity reg. charity 1083203 Marine Conservation Society reg. charity 1004005 Frank Longford Charitable Trust reg. charity 1164701 Young Minds Trust reg. charity 1016968 Gatwick Detainees Welfare Group reg. charity 1124328 Rainbow Trust Children's Charity reg. charity 1070532 Boost Charitable Trust reg. charity 1111961 Jamie's Farm reg. charity 1129544 Cancer Research UK reg. charity 1089464 SMART reg. charity 292787 Single Homeless Project reg. charity 287779 Shelter reg. charity 263710 British Red Cross Society reg. charity 220949 Household Cavalry Foundation reg. charity 1151869 National Autistic Society reg. charity 269425 Alzheimer's Societv reg. charity 296645 26,220 22,500 19,000 15,045 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 io,ooo 6,270 5,000 1,305 1,103 716 4,000 23,OCM) 15,0(M) 15,000 15,0(X) 5,000 5,000 695 5,CM)O 260 188 185 242,854 87,633 Governance costs Consultants Bank charges Accounting fees IT costs 11,800 74 1,625 182 2,200 72 800 182 13,681 3,254 12 The Martin Charitable Trust Notes to the financlal statements as at 5 April 2026 Flxed Asset Investment5 2026 2025 Cost as at 5 April 2025 Additions 1,689.341 7,351 1,660,618 28,723 Cost as at 5 April 2026 Cumulative unrealised gains 1,696,692 311,011 1,689,341 353,730 Market value 2,007,703 2,043,071 The investments are held entirely in a multi-asset fund called the MFH Long Term Growth Fund. Debtors 2026 2025 Donation from Martin's Management Services 75,000 Cash at bank and investment Manager 2026 2025 Trustee bank account Investment manager bank account 190,584 li 221,320 35 190,595 221,355 Creditors: amounts falllng due within one year 2026 2025 Legal and Accounting fees 1,800 1,000 io. Related party transactions During the year, the charity received donations which included £150,000 from Martin's Investments Holdings Limited12025.. £150,000), of which T H Martin, B C Gilbey and E C Carlton- Smith are directors. The outstanding balance was £nil at the year end12025.. £75,000). Other than the donations indicated above, there were no transactions Wlth, or payments to, Trustees during the year12025'. none). 13