MARIANNE TRUST DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020 The directors present their report and financtal statements for the yeaf ended 31 December 2020. The financial statements have been prepared in accordance wlh the accounting policies set out in ntsle 1 10 the financial statements and comply wth the ¢harily's Memorandum and Articles of Asso¢ialK)n, the Companies Act 2006 and °Ae¢ountiTrg and Reporting by Charities". Stslemenl of Recommended Practice applicable lo charities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republlc tsf Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 2016} Obje¢tives and activities The principal acliwty of the company is to make charitable donations. A¢hlevements and perfom)anco The dire¢tor5 are happy with the level of support they were able lo provide, both financial and by way of the lime invested by the directors in mentoring and encouraging many of the bodies supported during the year. The directors intend lo continue work of a similar nature in the year to come. Financial review The nel incoming resources for the finat)¢ial year are £3.89512019'. £13,204 outgoingl. The vnrestricled lunds carried foNJard are £14.791 12019.. £10.8971. The directors bas expenditure decisions on the resour¢e$ available lo the company. As the company has no fixed costs there is no ne¢d lo maintain a minimum level of reserves to ensure ¢onts'nuily of operatioris. Under Section 505{1}lal and (c) of the Income and Corpoialion Taxes Act 1988, the company is entided to charty lax exemption. structure, governancg and management Marianne Trust is a company limited by guarantee whose conduct is 9overned by its Memorandum and Articles of Association. The directors during the year end a listed wlhin 'Legal and Adminislralive Informabon,. The direclors are members of the company and as such, they each have guaranteed lo contribute an amount not exceeding £1 in the event of the company being wound LSP.
MARIANNE TRUST DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2020 Statsmtnt of directors, re$ponsltyllllle¥ The dir8clors, who also act as trustees, are responsible for prepartng the Dwectors, Report and the ffinanrxal statements in ac¢ord8nce with applicable law and regulatlon. Company law qUI$ the directors to prepare fmancial statements for ea¢h financial year. Under that lawthe directors have ppar8d the finan¢ial statements in accordance wth United Kingdorn Accounting Standards. eompiising FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland", and applio*ble Law Iunited Kingdom Generalty Accepted Accounting Prathicel. Under compaThy law the directors must not approve the financial statements unless they are satiSfd that they give a true and fair view of the state of the affairs of thè company and ol Ihe Incomin9 iesources and application of sources, including the income 8nd expenditure. gf the company lor that period. In prepang the$e fnanaal statements, the direclots ale required to.. sele¢l suilable aCcnting poh.cies and then apply Ihern consi5tently.' ob5etve the rnethods ani5 prindples in the Statement of Recomrnended Practi.. Accgunting and Reporbng by Charities120151", make judgments 2nd estimates that ale reas¢)nable and prudent.. and prepare the financial staternents on the 9oin9 concem basis unle$$ it Is inapproprfate lo presurne Ihat the company will continue in business. The directors are rospon5ible for keepin9 adequale accounting records that a S1(aent to show and explain Ihe companvs trans3ction5 and disclose with reasonable aGcuracy 81 any tlme the financial position of th& company and enable them lo ensure that the finanual statements compty with the Companies Act 2006. They are also responsSble for safeguarding the assets of the company and her¥ for taklng reasonable steps for the prevention and detection of fraud and other irregulairties. Tax ststus Under Sectson 50511) lal and Icl of thè Income and corporation T8xes Act 1988. Marianne Trust ss entitled to tharity tax exempti¢)n. This report has been prepared in acwdance with the statement of Recommended Practice I'Accountirsg and Reporting by Charities'l 2015 and in a¢cordance with the special provisions relating to small wrnpanies within Part 15 of the Companies Act 2006. The directors, report was approved by the Board of Directors. nson Dated-.