2025-03-31-accounts

THE MELVILLE CHARITABLE TRUST

FINANCIAL STATEMENTS

31 MARCH 2025

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 Helen Paton 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 2025

The Trustees present their Annual Report and Accounts for the year ended 31 March 2025, which have been prepared in accordance with the charity's trust deed, the Charities Act 2011 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 (FRS102) (effective January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The trust was established under a trust deed dated 28 September 2006. The trustees as charity trustees have control of the charity and its property and funds. The full number of trustees is between three and five individuals who are appointed by the Founder, Nigel Melville. Helen Paton was appointed a trustee during the year.

The trustees have reviewed the main risks to which the charity is exposed and confirm that systems have been 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 object of the charity is to further any lawful charitable purposes as the trustees think fit. The trustees must use 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:-

Army Flying Museum exhibits and records all aspects of flying in the British Army, both past and present.

Blond McIndoe Research Foundation supports research into techniques and technologies which will repair, restore and regenerate tissue and reduce debilitating scarring.

Boroko School Desks Project provides desks for primary schools in Papua New Guinea.

Brooke Hospital for Animals provides free veterinary treatment for animals in Egypt, India, Pakistan, Kenya, Ethiopia and other poorer countries.

Children Change Colombia provides support to Colombia's most vulnerable children by working in partnership with local NGOs.

Children's Literacy Charity provides a literacy lifeline for children with learning difficulties in inner city primary schools.

CRESS is a Christian Foundation which educates and trains South Sudanese people in South Sudan and Northern Uganda.

Sheldrick Wildlife Trust manages an orphanage for elephants and rhinos in Kenya and rehabilitates the 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.

Hope & Homes for Children works in Central and Eastern Europe and in Africa to enable children to grow up in a family and not in institutions.

Page 3

THE MELVILLE CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

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.

La Casa de la Madre y el Nino provides a home for pregnant women and children without families in Bogota, Colombia.

Mauritshuis is one of the most prominent museums in The Netherlands, containing a major collection of old Dutch and Flemish masters.

Mercy Ships is a faith-based international development organisation which deploys hospital ships delivering 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 Ethiopia.

Newcastle University Sanctuary Scholarships offer fully funded places to students who are refugees or asylum seekers.

UCLH Gliobastoma Research Group aims to improve outcomes for people diagnosed with glioblastoma through reaearch and clinical trials.

Parkinson's Disease Society alleviates the suffering and distress caused by the disease through effective research, education, welfare and communication.

Prospect Burma is a non-political educational charity dedicated to supporting the education of students both in Myanmar and abroad.

Rise:61 is a Christian charity set up to improve the lives and prospects of young people living in the Bemerton Heath estate in Salisbury.

St Paul's Centre (SPEAR Project) is an employment preparation programme aimed at 16-24 year old unemployed people in London and other English cities.

Salisbury Food Bank provides emergency food and support to local people in need.

Trinity College, Oxford is creating an endowment to fund a Classics Fellowship.

FINANCIAL REVIEW

During the year the trust received unrestricted donations totalling £12,000, on which the trust recovered tax of £3,000.

The trust earned investment income and interest of £13,562.

The trust made charitable donations of £25,000.

The trust paid investment management fees of £3,015.

The trust incurred governance and other costs totalling £1,079. This resulted in a net loss of £532.

There were realised net gains on investments of £99. There were unrealised net gains on investments of £7,151. The trust's overall net assets increased by £6,718 to £537,547

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 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MELVILLE CHARITABLE TRUST FOR THE YEAR ENDED 31ST MARCH 2025

I report on the financial statements of the Charity for the year ended 31 March 2025 which are set out on pages 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 accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trustee's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity 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 my attention in connection 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 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair view" which is not a matter considered as part of an independent examination.

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

Geoffrey Thomas FCA Chartered Accountant Fletcher & Partners Crown Chambers Bridge Street Salisbury SP1 2LZ

Page 5

THE MELVILLE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS Donations and legacies Donations Tax recovered Investment income TOTAL INCOME EXPENDITURE Investment management fees Charitable activities 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 2 3	Unrestricted Fund 12,000 3,000 13,562 28,562 26,079 26,079 2,483 - - 2,483 32,257 34,740		Endowed Fund - - 3,015 - 3,015 (3,015) 99 7,151 4,235 498,572 502,807

The notes on pages 7 and 8 form part of these accounts

Page 6

THE MELVILLE CHARITABLE TRUST

BALANCE SHEET AS AT 31 MARCH 2025

FIXED ASSETS Investments CURRENT ASSETS Debtors and prepaymments 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	Notes 5 6 7	2024 58,628 __ 58,628 1,776 ____		2025 480,695 56,852 £537,547 34,740 502,807 £537,547	2024 58,405 __ 58,405 1,733 ____		2024 474,157 56,672
						£530,829
						32,257 498,572
						£530,829

Signed on behalf of the Trustees ………………………………………..

Approved by the Trustees

The notes on pages 7 and 8 form part of these accounts

Page 7

THE MELVILLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

a. Basis of accounting

The financial statements have been prepared in accordance with 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 (FRS102) (effective January 2019).

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

Income from quoted investments Interest on cash held on deposit

3. CHARITABLE ACTIVITIES

Charitable donations

Relief of poverty Medical research/support Furtherance of education Support of the arts Governance costs	2025 11,000 5,000 5,000 4,000 1,079 £26,079	2024 11,000 5,000 5,000 4,000 1,020 £26,020	2024

4. GOVERNANCE COSTS

ERNANCE COSTS
	2025	2024
Accountant's fees	£1,020	1,020

Page 8

THE MELVILLE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. INVESTMENTS

ESTMENTS
Market value at 1 April 2024 Disposals at opening value Acquisitions at cost Unrealised gains on portfolio Increase in cash held in portfolio Market value at 31 March 2025		Endowed
		Fund 474,157 (13,518) 14,472 7,151 (1,567)	Fund
	£480,695

Listed investments constituting more than 5% of the total market value of the portfolio as follows:-

Alliance Trust Edinburgh Investment Trust Fidelity Global Dividend Fund Murray International Trust Scottish Mortgage Investment Trust Vanguard Global Credit Bonds Market Value at 31 March 2025	29,754 26,640 25,852 32,488 35,377 23,981
	£174,092

6. DEBTORS

Sundry debtors DITORS: Amounts due within one year Accruals

7. CREDITORS: Amounts due within one year

8. RELATED PARTY TRANSACTIONS

£15,000 of donations (including Gift Aid) were received from the Founder, Nigel Melville.

9. TRUSTEES REMUNERATION AND EXPENSES

None of the trustees received either remuneration or expenses from the charity in either 2025 or 2024.