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2024-10-27-accounts

Trustees’ Annual Report for the period

From 28 October 2023 To 27 October 2024

Charity name: The Irene Newman Charitable Trust Charity registration number: 1127940

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The Trustees shall hold the capital and
income of the Trust Fund upon trust to apply
the income and all or such part or parts of
the capital at such time or times and in such
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. The
Trustees will take into account the Letter of
Wishes which requests that consideration
be given to benefit the following charities: St
Dunstan’s, Alzheimer’s Disease Society,
Royal British Legion, RNLI, Sussex Wildlife
Trust and St Mary the Virgin Church.
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 provides
grants in accordance with the letter of
wishes. 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 bythe Charity		 Para 1.18 In determining the charity’s activities, the
trustees have had regard to the Charity
Commission’s guidance on public benefit.

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Commission on public
benefit
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Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference
Policy on grant making
Para 1.38
Policy on social investment
including program related Para 1.38
investment
Contribution made by
volunteers Para 1.38
Other
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2

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 grants totalling £20,961 to the
following charities:

RNLI

Sussex Wildlife Trust

St Marys the Virgin Church West
Sussex
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

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Investment performance Para 1.41 against objectives Other

Financial Review

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 £12,539 (2023:
£5,058).
In addition to the free reserves the charity
has a combined bank balance in deficit of
£1,958 (2023: +£3,439) due to pending
investment transactions at the year end and
investments valued at £442,260 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
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional)

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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

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed dated 27 October 2008
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Trust
Trustee selection methods
including details of any
constitutionalprovisions e.g.		 Para 1.25 Trustees are appointed by the existing
trustees.

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election to post or name of any person or body entitled to appoint one or more trustees

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:
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.
Ludlow Trust Company Limited was paid
£3,683 (2023: £2,238) for trust
administration services and £28 (2023:
£22) for cash management services during
the year under review. These fees are
authorised under clause 13 of the trust
deed.
Other

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Reference and Administrative details

Charity name The Irene Newman Charitable Trust
Other name the charity uses
Registered charity number 1127940
Charity’s principal address Ludlow Trust Co Ltd
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ

Names of the charity trustees who manage the charity

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20		 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
CompanyLimited

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

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for wholeyear
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)

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Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
Investment Managers NatWest 2ndFloor, Trinity Quay II, Avon Street,
Bristol, BS2 2DH
Bankers NatWest 2ndFloor, Trinity Quay II, Avon Street,
Bristol, BS2 2DH
Accountants Charter Tax Consulting
Ltd		 8thFloor, 1 Southampton Street, London,
WC2R 0LR
Independent Examiner Geoffrey Frost Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, West Sussex, PO19
1SY

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)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Chris Thurlow
On behalf of Ludlow Trust
Company Limited

Trustee

22 August 2025

22 August 2025

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The Irene Newman Charitable Trust The Irene Newman Charitable Trust The Irene Newman Charitable Trust 1127940
Receipts andpayments accounts
For the period
from		 28/10/2023
Period start date		 To 27/10/2024
Period end date

CC16a

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
11,845
930
-
-
-
12,775
-
-
-
12,775
20,961
3,683
28
-
-
-
-
24,672
-
-
-
24,672
- 11,897
19,378
5,058
12,539		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
375,434
-
375,434
375,434
2,456
-
-
-
-
2,456
358,997
-
358,997
361,453
13,981
- 19,378
3,439
- 1,958		 Total funds
to the nearest £
11,845
930
-
-
-
-
-
-
12,775
375,434
-
375,434
388,209
20,961
2,456
3,683
28
-
-
-
-
-
27,128
358,997
-
358,997
386,124
2,084
-
8,497
10,581		 Last year
to the nearest £
Income from investments 11,845 10,356
Income from Interest 930 566
-
- -
- -
- -
Sub total(Gross income for
AR)		 12,775 10,922
A2 Asset and investment sales,
(see table).
Sale of investments - 179,083
- -
Sub total - 179,083
Total receipts
A3 Payments
190,005
Charitable Payments 20,961 23,724
Investment Management Fees + VAT 2,010
Trust Administration Fees + VAT 3,683 2,238
Cash Management Fee 28 22
-
- -
- -
- -
**Sub total ** 24,672 27,994
A4 Asset and investment
purchases, (see table)
Investmentpurchases - 179,751
-
**Sub total ** - 179,751
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
207,745
- 11,897 - 13,981 2,084 - 17,740
19,378 - 19,378 - -
5,058 3,439 8,497 26,237
12,539 - - 1,958 10,581 8,497

CCXX R10 accounts (SS)

22/08/2025

10

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
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Investment portfolio
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Capital account
Income account
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
12,539
-
-
-
12,539
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Endowment
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
Print Name
Chris Thurlow on behalf of Ludlow
Trust CompanyLimited		 Endowment
funds
to nearest £
- 1,958
-
-
- 1,958
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
442,260
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Chris Thurlow on behalf of Ludlow
Trust CompanyLimited		 22 August 2025

CCXX R11 accounts (SS)

22/08/2025

11

Independent Examiner's Report to the Trustees of The Irene Newman Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 27 October 2024 which are set out on pages 10 to 11.

Responsibilities and basis of report

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 charity’s accounts carried out under section 145 of the 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 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 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.

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 Frost BSc(Hons) FCA Date 22 August 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

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