## **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.| 1 **----- Start of picture text -----**
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|| |||| 3 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)** 4 ## 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.| 5 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||| 6 ## **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** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
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|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| 7 ## – 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)** 8 ## **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|| 9 |**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 10