NIGEL MARSHALL TRUST FUND
Application of net income for: (1) support of St Helen's Church, Lea, Gainsborough; and, or in default: (2) scholarships for pupils of Rugby School; or, in default: (3) scholarships for students of Queens' College, Cambridge; or, in default: (4) preservation and repair of ancient, historic or ecclesiastic buildings or those of particular architectural interest in the Gainsborough area.
Objects
1. SUBJECT TO COMPLETION OF A STAINED-GLASS WINDOW OR OTHER MEMORIAL IN THE CHURCH OF ST HELEN, LEA, GAINSBOROUGH, LINCOLNSHIRE DN21 5EG (THE "CHURCH") PURSUANT TO CLAUSE 5 OF THE WILL DATED 14 APRIL 2016 OF NIGEL BERNARD DICKENSON MARSHALL (THE "WILL") AS MODIFIED BY HIS CODICIL DATED 29 OCTOBER 2016, WHICH STAINED-GLASS WINDOW WAS DULY COMPLETED AND ON 7 FEBRUARY 2022 APPROVED BY THE TRUSTEES, AS TO £1,000,000 (THE "CHURCH FUND") FOR SO LONG ONLY AS: (1) THE GRAVES AND GRAVESTONES IN THE CHURCHYARD OF THE CHURCH OF HIS FATHER, MOTHER AND HIMSELF ARE PROPERLY MAINTAINED; AND: (2) THE TRUSTEES BELIEVE THE CHURCH IS BEING USED FOR ECCLESIASTICAL PURPOSES AND CHURCH OF ENGLAND RELIGIOUS SERVICES AT LEAST ONCE EACH WEEK FOR 40 WEEKS OF THE YEAR PURSUANT TO CLAUSE 6.1 OF OF THE WILL, TO APPLY THE INCOME OF THE CHURCH FUND ON THE ACQUISITION OF SPECIFIC ITEMS OF FURNITURE OR FABRIC FOR THE CHURCH INCLUDING WORKS OF RECONSTRUCTION AND MAJOR REPAIRS TO ANY PART OF THE FABRIC THEREOF, BUT NOT ON GENERAL MAINTENANCE, AND ON ANY TRANSFER OF THE CHURCH FUND TO TO THE DIOCESAN TRUST OR SIMILAR INSTITUTION THE CHURCH FUND SHALL DETERMINE.2. TO APPLY THE INCOME OF THE RESIDUE OF THE TRUST FUND (INCLUDING THE CHURCH FUND IN THE EVENT THAT THIS SHALL DETERMINE) FOR SCHOLARSHIPS FOR PUPILS OF RUGBY SCHOOL, RUGBY, WARWICKSHIRE CV 22 5DH ("RUGBY") PURSUANT TO CLAUSE 9 OF THE WILL, CONDITIONALLY INTER ALIA ON RUGBY RETAINING ITS CHARITABLE STATUS.3. IN THE EVENT THAT THE GIFT TO RUGBY SHALL DETERMINE, TO HOLD THE TRUST FUND SIMILARLY FOR THE BENEFIT OF THE QUEEN'S COLLEGE OF ST MARGARET AND ST BERNARD IN THE UNIVERSITY OF CAMBRIDGE CB3 9ET ("QUEENS' COLLEGE") PURSUANT TO CLAUSE 9.6 OF THE WILL.4. IN THE EVENT THAT THE GIFTS TO BOTH RUGBY AND QUEENS' COLLEGE SHALL DETERMINE, TO APPLY THE INCOME OF THE TRUST FUND ON THE PRESERVATION AND REPAIR OF OF ANCIENT, HISTORIC OR ECCLESIASTICAL BUILDINGS IN THE GAINSBOROUGH AREA OR BUILDINGS OF PARTICULAR ARCHITECTURAL INTEREST PURSUANT TO CLAUSE 9.7 OF THE WILL.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £2,608,971, which significantly exceeds its stated reserves policy target of one year's income (£80,477). The charity reports a net movement in funds of £309,301 for the year, driven by investment gains, and confirms it has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The reserve policy adopted by the Trustees is the retention for contingencies of one year’s income.” — page 4
“During the year the trust incurred legal and professional fees amounting to £8,890 (2024: £6,113) to Underwood Solicitors LLP, a firm of which a member is also a Trustee.” — page 21
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Trustee conflicts of interest policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Grant-making is its main activity
Trustees
- David Ian McGregor Ridd
- John Bernard Anthony Burke
- Paul Ainsworth Redfern
- Steven Robert Hardy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £80k | £44k |
Common questions
Is NIGEL MARSHALL TRUST FUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £2,608,971, which significantly exceeds its stated reserves policy target of one year's income (£80,477). The charity reports a net movement in funds of £309,301 for the year, driven by investment gains, and confirms it has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALL SAINTS EDUCATIONAL TRUST | 1 | £15k |
Charities like this
- D G MARSHALL OF CAMBRIDGE TRUST
- NEWFIELD COMMUNITY CHURCH TRUST
- PHILIP NICHOLAS CHARITABLE TRUST
- NINETEEN EIGHTY NINE CHARITABLE TRUST
- CULHAM ST GABRIEL'S TRUST
- THE NATHANIEL REYNER TRUST FUND
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NIGEL MARSHALL TRUST FUND | £80k | — | — | unclear | — | no doubt |
| D G MARSHALL OF CAMBRIDGE TRUST | £73k | — | 0 | within | — | no doubt |
| NEWFIELD COMMUNITY CHURCH TRUST | £71k | — | 0 | above | — | no doubt |
| PHILIP NICHOLAS CHARITABLE TRUST | £41k | — | 0 | above | — | no doubt |
| NINETEEN EIGHTY NINE CHARITABLE TRUST | £3.0m | — | 0 | above | — | no doubt |
| CULHAM ST GABRIEL'S TRUST | £773k | — | — | above | — | no doubt |