Charity registration number 1204474 (England and Wales)
Company registration number 13711124
THE GRIFFITHS MARSHALL FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
THE GRIFFITHS MARSHALL FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
C Bourne
N Beardsall
V Coates
L Beaven
Directors
C Bourne
S Humphries
I Price
S Price
G Lewis
Charity number
1204474
Company number
13711124
Principal address
4th Floor
Llanthony Warehouse
Gloucester Docks
Gloucester
GL1 2EH
Registered office
4th Floor
Llanthony Warehouse
Gloucester Docks
Gloucester
GL1 2EH
Accountants
Griffiths Marshall
4th Floor
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH
THE GRIFFITHS MARSHALL FOUNDATION
CONTENTS
Page
Trustee's report
1
Accountants' report
2
Statement of financial activities
3
Balance sheet
4
Notes to the financial statements
5 - 7
THE GRIFFITHS MARSHALL FOUNDATION
TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

To act as a resource for young people up to the age of 25, living in Gloucestershire and the surrounding areas by providing by the provision of grants to charities and organisations providing advice and assistance and organising programmes of physical, educational and other activities to improve the prospect of young people to fulfil their potential.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance
Financial review

The charity purpose is to provide grants to other organisations and in this year the Foundation has paid out two separate grants to well deserving charities. The reserves have been reduced with only minimal income received as donations in the year. Further grants are being held until the reserves have been built up again.

Structure, governance and management

The charity is a company limited by guarantee and is governed by its memorandum and articles of association.

The trustees, some of whom are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Directors
C Bourne
S Humphries
I Price
S Price
G Lewis
Trustees
C Bourne
N Beardsall
V Coates
L Beaven

The trustees are appointed by the charity by the directors and ongoing by the existing trustees. None of the trustees has any beneficial interest in the company. There are no external trustees.

The trustee's report was approved by the Board of Trustees.

C Bourne
Trustee
14 July 2025
THE GRIFFITHS MARSHALL FOUNDATION
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE GRIFFITHS MARSHALL FOUNDATION FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Griffiths Marshall Foundation for the year ended 31 March 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 1 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of The Griffiths Marshall Foundation and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Griffiths Marshall Foundation and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that The Griffiths Marshall Foundation has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of The Griffiths Marshall Foundation. You consider that The Griffiths Marshall Foundation is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of The Griffiths Marshall Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Griffiths Marshall
Chartered Accountants
4th Floor
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH
14 July 2025
THE GRIFFITHS MARSHALL FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
2
1,861
99
Total income
1,861
99
Expenditure on:
Charitable activities
3
10,000
-
Total expenditure
10,000
-
Net income/(expenditure) and movement in funds
(8,139)
99
Reconciliation of funds:
Fund balances at 1 April 2024
11,386
11,287
Fund balances at 31 March 2025
3,247
11,386

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE GRIFFITHS MARSHALL FOUNDATION
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 4 -
2025
2024
Notes
£
£
£
£
Current assets
Cash at bank and in hand
3,247
11,386
Net current assets
3,247
11,386
The funds of the charity
Unrestricted funds
8
3,247
11,386
3,247
11,386

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 14 July 2025
CJ Bourne
Trustee
Company registration number 13711124 (England and Wales)
THE GRIFFITHS MARSHALL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
1
Accounting policies
Charity information

The Griffiths Marshall Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 4th Floor, Llanthony Warehouse, Gloucester Docks, Gloucester, GL1 2EH.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's articles, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE GRIFFITHS MARSHALL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.7
Employee benefits

The charity has no employees so no obligations arising due to employment.

2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
1,861
99
3
Expenditure on charitable activities
Total
Total
2025
2025
£
£
Direct costs
Grant funding of activities (see note 4)
10,000
10,000
Analysis by fund
Unrestricted funds
10,000
10,000
4
Grants payable
Total
2025
£
Grants to institutions:
Other
10,000
-
THE GRIFFITHS MARSHALL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
6
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
7
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

8
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024
Incoming resources
Resources expended
At 31 March 2025
£
£
£
£
General funds
11,386
1,861
(10,000)
3,247
Previous year:
At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
11,287
99
-
11,386
9
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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