## **THE MELVILLE CHARITABLE TRUST** ## **FINANCIAL STATEMENTS** ## **31 MARCH 2022** ## **CONTENTS** |Page|| |---|---| |1|Administrative Information| |2 - 3|Trustees' Report| |4|Independent Examiner's Report| |5|Statement of Financial Activities| |6|Balance Sheet| |7 - 8|Notes to the Financial Statements| ## **FLETCHER & PARTNERS** ## **CHARTERED ACCOUNTANTS** ## **SALISBURY** Page 1 ## **THE MELVILLE CHARITABLE TRUST** ## **ADMINISTRATIVE INFORMATION** ## TRUSTEES Yvonne Copeland (Chair) Maria Melville Patrick Melville Sophie Melville ## SECRETARY Nigel Melville ## CHARITY ADDRESS Braehead House Longstock Road Stockbridge Hampshire SO20 6DJ ## ADVISERS ## **Accountant** G.D.Thomas, F.C.A., Messrs Fletcher & Partners Crown Chambers, Bridge Street, Salisbury, Wiltshire, SP1 2LZ ## **Bankers** Lloyds Bank ## **Investment Fund Managers** Charles Stanley & Co. Limited 55 Bishopsgate, London, EC2N 3AS ## REGISTERED NUMBER 1116593 Page 2 ## **THE MELVILLE CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022** Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** are appointed by the Founder, Nigel Melville. established to mitigate those risks. The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties. ## **OBJECTIVES AND ACTIVITIES** the income only of the charity in promoting the objects. ## **ACHIEVEMENTS** During the period the charity made donations totalling £25,000 to the following charities:- and other poorer countries. **Children Change Colombia** provides support to Colombia's most vulnerable children by working in partnership with local NGOs. **CRESS** is a Christian Foundation which educates and trains South Sudanese people in South Sudan and Northern Uganda. orphans back into the wild. **Dutch Centre** acts as the focus of past, present and future Dutch culture in London. **Future Hope** provides shelter, education and medical aid to street children in Kolkata, India. **Historic Royal Palaces** is responsible for conserving the Tower of London, Hampton Court Palace, The Banqueting House, Kensington Palace, Kew Palace and Hillsborough Castle. in a family and not in institutions. by the disease. **InDependent Diabetes Trust** works with people with diabetes, their carers and medical professionals to make easier the day to day lives of those with the condition. Page 2 arities: ncial who e hiopia y schools. rey. ed Page 3 ## **THE MELVILLE CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022** **La Casa de la Madre y el Nino** provides a home for pregnant women and children without families **Mauritshuis** is one of the most prominent museums in The Netherlands, containing a major collectio Flemish masters. **Mercy Ships** is a faith-based international development organisation which deploys hospital ships de healthcare to some of the poorest countries in sub-Saharan Africa. **Muday Association** supports and educates poor children and provides skill training for mothers in E **Muscular Dystrophy UK** funds the search for treatments and cures for all muscular dystrophies and allied disorders and provides practical, medical and emotional support to people affected by the cond **UCLH Gliobastoma Research Group** aims to improve outcomes for people diagnosed with glioblas through reaearch and clinical trials. **Parkinson's Disease Society** alleviates the suffering and distress caused by the disease through effe education, welfare and communication. **Prospect Burma** is a non-political educational charity dedicated to supporting the education of stude both in Myanmar and abroad. **Royal London Society for the Blind** provides education, training, employment opportunities and su who have visual impairments. **St Paul's Centre (SPEAR Project)** is an employment preparation programme aimed at 16-24 year o in London and other English cities. **Trussell Trust** provides emergency food and support to people in crisis in the U.K through its netwo **Trinity College, Oxford** is creating an endowment to fund a Classics Fellowship. ## **FINANCIAL REVIEW** During the year the trust received retrcited and unrestricted donations totalling £20,000, on which the trust recovered tax of £5,000. The trust earned investment income and interest of £10,792. The trust made charitable donations of £25,000. The trust paid investment management fees of £2,923. The trust incurred governance and other costs totalling £989. This resulted in net income of £6,880 There were realised net gains of £216 on investments sold and unrealised net gains on investments of The trust's overall net assets increased by £10,212 to £509,052. ## **PLANS FOR FUTURE PERIODS** The trustees intend to continue pursuing the objectives stated above. Signed on behalf of the trustees …………………………………. Approved by the trustees on …………………………. Page 3 in Bogota, Colombia. on of old Dutch and elivering Ethiopia. d ditions. toma f ective research, ents upport for peo old unemploye ork of food banks. f £3,116. Page 4 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MELVILLE CHARITABLE TRU FOR THE YEAR ENDED 31 MARCH 2022** I report on the financial statements of the Charity for the year ended 31 March 2022 5 to 8. ## **Respective Responsibilities of the Trustees and Examiner** As the charity's Trustees you are responsible for the preparation of the accounts in a requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trustee's accounts carried out under se and in carrying out my examination I have followed all the applicable Directions give Commission under section 145 (5) (b) of the 2011 Act. ## **Independent Examiners Statement** I have completed my examination. I confirm that no material matters have come to m with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form set out in the Charities (Accounts and Reports) Regulations 2008 other than any req give a "true and fair view" which is not a matter considered as part of an independe I have no concerns and have come across no other matters in connection with the ex attention should be drawn in this report in order to enable a proper understanding o reached. Geoffrey Thomas FCA Chartered Accountant Fletcher & Partners Crown Chambers Bridge Street Salisbury SP1 2LZ Page 4 ## **UST** 2 which are set out on pages accordance with the ction 145 of the 2011 Act en by the Charity my attention in connection n 130 of the Act; or m and content of accounts quirement that the accounts nt examination. xamination to which of the accounts to be Page 5 ## **THE MELVILLE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |Notes
**INCOME AND ENDOWMENTS**
Donations and legacies
Donations
Tax recovered
Investment income
2
**TOTAL INCOME**
**EXPENDITURE**
Investment management fees
Charitable activities
3
**TOTAL EXPENDITURE**
**NET INCOME / (EXPENDITURE) BEFORE**
**GAINS / (LOSSES) ON INVESTMENTS**
Realised gains / (losses)
Net unrealised gains / (losses) on investments
**NET MOVEMENT IN FUNDS**
**Reconciliation of Funds**
**TOTAL FUNDS BROUGHT FORWARD**
**TOTAL FUNDS CARRIED FORWARD**|Notes|Unrestricted
Fund
10,000
2,500
10,792
23,292
-
25,989
25,989
(2,697)
-
-
(2,697)
38,521
35,824|

|Endowed
Fund
10,000
2,500
-
12,500
2,923
-
2,923
9,577
216
3,116
12,909
460,319
473,228|2022
TOTAL
20,000
5,000
10,792
-
35,792
2,923
25,989
28,912
6,880
216
3,116
10,212
498,840
509,052|2021
TOTAL
20,813
5,200
11,069|2021
TOTAL|2021| |---|---|---|---|---|---|---|---|---| |||||||||| |||||||
37,082
3,468
26,888
30,356
6,726
28,663
82,432
117,821
381,019
498,840||| ||||
|||||| |||||||||| ||||

|||||| ||||
|||||| |||||||||| The notes on pages 7 and 8 form part of these accounts Page 6 ## **THE MELVILLE CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2022** |**FIXED ASSETS**
Investments
**CURRENT ASSETS**
Debtors and prepayments
Cash at bank and in hand
**CREDITORS : amounts falling due within**
**one year**
**NET CURRENT ASSETS**
**NET ASSETS**
Representing:
**FUNDS**
Unrestricted
Income Fund
Restricted
Endowment fund
Signed on behalf of the Trustees
..|Notes
5
6
7
.....................|
|2022
2022
448,242
-
61,722
6 ,
61,722
912
60,810
£509,052
35,824
473,228
£509,052
...................................| |---|---|---|---| |||
|| |||....|| ## Approved by the Trustees: The notes on pages 7 and 8 form part of these accounts Page 6 2021 2021 447,832 - 51,896 6 , 51,896 888 51,008 £498,840 38,521 460,319 £498,840 Page 7 **THE MELVILLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **1. ACCOUNTING POLICIES** ## **a. Basis of accounting** The financial statements have been prepared in accordance with Accounting and Reporting by Char 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 (FRS102) (effective January 2015). The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. ## **b. Expenditure** Expenditure is accounted for on an accruals basis. Donations are recognised as expenditure when a commitment has been made and there are no conditions to be met relating to the donation which remain in the control of the charity. ## **c. Fund structure** The endowment fund constitutes the capital of the trust and cannot be spent. The income arising is available to be spent on any of the trust's purposes. ## **d. Investments** Investments are stated in the balance sheet at market value. Income is credited when the distribution becomes due and payable. Any unrealised gain or loss is recognised in the statement of financial activities for the year. ## **2. INVESTMENT INCOME** |**ESTMENT INCOME**||| |---|---|---| ||2022|2021| |Income from quoted investments|10,791|11,067| |Interest on cash held on deposit|1|2| ||£10,792|£11,069| ## **3. CHARITABLE ACTIVITIES** ## **Charitable donations** |**Charitable donations**||| |---|---|---| ||2022|2021| |Relief of poverty|11,000|12,000| |Medical research/support|6,000|6,000| |Furtherance of education|4,000|4,000| |Support of the arts|4,000|4,000| |Governance costs|989|888| ||£25,989|£26,888| ## **4. GOVERNANCE COSTS** |**ERNANCE COSTS**||| |---|---|---| |Accountant's fees
|2022
912|2021| |||888| Page 8 **THE MELVILLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **5. INVESTMENTS** Market value at 1 April 2021 Disposals at opening value Acquisitions at cost Unrealised gains on portfolio Market value at 31 March 2022 Listed investments constituting more than 5% of the total market value of the portfol Alliance Trust AVIVA Investors UK Strategic Bond Edinburgh Investment Trust Murray International Trust Scottish Mortgage Investment Trust Market Value at 31 March 2022 ## **6. DEBTORS** 2022 Sundry debtors - £ - **7. CREDITORS: Amounts due within one year** 2022 Accountant's fees 912 ## **8. RELATED PARTY TRANSACTIONS** £25,000 of donations (including Gift Aid) were received from the Founder, Nigel Mel ## **9. TRUSTEES REMUNERATION AND EXPENSES** None of the trustees received either remuneration or expenses from the charity in ei Page 8 ## Endowed ## Fund 447,832 (24,504) 21,798 3,116 £448,242 lio as follows 25,291 27,377 22,824 31,099 38,475 £145,066 2021 - £ - ## 2021 ville. ither 2022 or