OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Nora Milburn Charitable Trust

2025-03-06-accounts

The Nora Milburn Charitable Trust 1087940 Receipts and payments accounts CC16a For the period Period start date Period end date To from 06.04.2024 06.03.2025

Section A Receipts and payments
Unrestricted
funds		 Restricted
funds		 Endowment
funds
Total funds
Last year
to the nearest
£		 to the nearest to the nearest £ to the nearest £
to the nearest £
to the nearest £
A1 Receipts
Income from investments
33,599
Interest received
275
-
-
Sub total(Gross income for
AR)
33,874
~~SSS ~~		 -
-
-
-
-
~~= Se~~		 -
-
-
-
-
~~Se~~		 -
33,599
-
-
275
-
-
-
-
-
-
-
-
33,874
-
~~Se=~~
A2 Asset and investment sales,
(see table).
Sale of investments
-
-
-
-
Sub total -
-
Total receipts
33,874
-
~~SSS ~~		 380,413
380,413
-
-
-
-
380,413
380,413
-
380,413
414,286
23,992
~~S55~~
A3 Payments
Grants awarded
24,549
Investment Manager Fees
-
Trust administration fees
6,541
-
-
Sub total 31,090
~~SS ~~		 -
-
-
-
-
-
~~= ~~		 -
24,549
-
8,722
8,722
-
-
6,541
-
-
-
-
-
-
-
8,722
39,812
-
~~SS~~
~~=~~
A4 Asset and investment
purchases, (see table)
Investmentpurchases
-
-
377,674
377,674
-
-
-
-
-
Sub total -
-
377,674
377,674
-
Total payments
31,090
-
386,396
417,486
40,847
Net of receipts/(payments)
2,783
-
- 5,983
- 3,200
- 16,855
A5 Transfers between funds
- 2,984
2,984
-
-
A6 Cash funds last year end
2,665
11,947
14,612
31,467
Cash funds this year end
2,464
-
8,948
11,412
14,612
~~SSS S55~~
~~======~~		 - 16,855
-
31,467
14,612

CCXX R1 accounts (SS)

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Capital account
Income account
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Investment portfolio
Details
Details		 Unrestricted
funds
to nearest £
-
2,464
-
2,464
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Endowment
Fund to which
asset belongs
Fund to which
liability relates		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-		 Endowment
funds
to nearest £
8,948
-
-
8,948
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
1,191,160
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

Signature Signature Print Name
Chris Thurlow on behalf of Ludlow
~~Trust~~Company (Southampton)Limited
~~MT)~~		 Date of
approval
Chris Thurlow on behalf of Ludlow
~~Trust~~Company (Southampton)Limited		 02/01/2026
~~C~~ ~~G~~
~~hris Thurlow (Jan 2, 2026 16:55:38~~ ~~MT)~~

CCXX R2 accounts (SS)

2

Trustees’ Annual Report for the period

From 06 April 2024 To 6 March 2025

Charity name: The Nora Milburn Charitable Trust Charity registration number: 1087940

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To hold the capital and income upon trust to
apply the income and all or such parts of the
capital at such time or times and in such a
manner to or for the benefit of such
exclusively charitable objects and purposes
in any part of the world as the Trustees may
in their absolute discretion think fit.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 In furtherance of the charity’s objects for the
public benefit the trustees provide grants. In
determining the charity’s activities, the
trustees have had regard to the Charity
Commission’s guidance on public benefit.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 During the year under review the charity
made twenty four grants to the following
charities totalling £24,549.
•
Motor Neurone Disease Association
•
British Heart Foundation
•
Imperial Cancer Research
•
Eden Valley Hospice
•
Arthritis Research Campaign (ARC)
•
Multiple Sclerosis Research Fund
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the reporting period the charity
had free reserves of £2,464 (2024:
£2,665).
In addition to the free reserves the charity
has bank balances of £8,948 (2024:
£11,947)
and
investments
valued
at
£1,191,160
within
the
expendable
endowment fund which can be released to
support the activities of the charity.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Trustees pursue a policy of maintaining
a free reserve available to be spent in the
furtherance of the charity’s objectives as
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22

Reasons for holding zero Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other Expendable endowment funds are those
which are required to be invested to produce
income, but which may be transferred to
unrestricted funds at the discretion of the
trustees in order that they may be expended
in furtherance of the charity’s objectives.
Unrestricted income funds are available for
use at the discretion of the trustees in
furtherance of the general objectives of the
charity and which have not been designated
for other purposes.

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document Para 1.25 Trust deed dated 06 March 2001
How is the charity
constituted?		 Para 1.25 Trust
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are appointed by the trustees from
time to time.
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51 No trustee received any remuneration or
was reimbursed any expenses in the year
under review.
HSBC
was
paid
£15,263
for
trust
administration and investment management
services during the year under review.
These fees are authorised under clause 5 of
the trust deed.
Other

Reference and Administrative details

Charity name The Nora Milburn Charitable Trust
Other name the charity uses
Registered charity number 1087940
Charity’s principal address Ludlow Trust Co (Southampton) Ltd
Yarmouth House
1300 Parkway
Solent Business Park
Whiteley
PO15 7AX

Names of the charity trustees who manage the charity

1
2
3		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
Ludlow Trust
Company
(Southampton)
Limited

– Corporate trustees names of the directors at the date the report was approved

Director name Matthew John Wickers Christopher Ian Thurlow Walter Duncan Coxon Gary St John Collins

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name
Address		 Name
Address
Investment Managers HSBC 1 Centenary Square, Birmingham, B1
1HQ
Bankers HSBC 1 Centenary Square, Birmingham, B1
1HQ
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton St, London
WC2R 0LR

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) ~~Chris Thurlow (Jan 2, 2026 16:55:38 GMT)~~ Full name(s) Chris Thurlow On behalf of Ludlow Trust Company (Southampton) Limited Position (eg Secretary, Chair, etc) Date 02/01/2026

2026-01-02NMilburnCT-ReceiptsAndPayments

Final Audit Report 2026-01-02

Created: 2026-01-02 By: Marta Kurpickaja (marta.kurpickaja@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAATLAS1nJCHveZozuxXijAdZc8n5WnIgv_

"2026-01-02NMilburnCT-ReceiptsAndPayments" History

2026-01-02 - 4:36:56 PM GMT

Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature 2026-01-02 - 4:37:01 PM GMT

2026-01-02 - 4:55:21 PM GMT

Agreement completed.

2026-01-02 - 4:55:38 PM GMT

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name The Nora Milburn Charitable Trust members of On accounts for the 6[th] March 2025 Charity no 1087940 period ended (if any) Set out on pages Financial statements page 1 - 2 Trustee report page 3 - 11 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 06/03/2025.

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 the applicable Directions given by the Charity Commission under section 145(5)(b) 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 which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 05/01/2026 Signed: ~~oe~~ Name: Ian Rodd ~~CT~~ Relevant professional BSc FCA FCCA qualification(s) or body (if any): Address: TC Group 10 Bridge Street, Christchurch Dorset BH23 1EF

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

n/a

2

IER