2024-08-06-accounts

Millie's Watch Charitable Trust 1179664 Receipts and payments accounts CC16a For the period Period start date Period end date To from 07.08.2023 06.08.2024

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 88,707 4,514 - - - - - - 93,221 - - - 93,221 115,000 - 16,544 780 125 - - - - 132,449 - - - 132,449 - 39,228 70,676 46,812 78,260	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - 3,391,782 - 3,391,782 3,391,782 - 14,942 - - - - - - - 14,942 3,335,069 3,335,069 3,350,011 41,771 - 70,676 81,785 52,880	Total funds to the nearest £ 88,707 4,514 - - - - - - 93,221 3,391,782 - 3,391,782 3,485,003 115,000 14,942 16,544 780 125 - - - - 147,391 3,335,069 - 3,335,069 3,482,460 2,543 - 128,597 131,140	Last year to the nearest £
Income from investments	88,707				75,322
Interest received	4,514				2,546
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
Sub total(Gross income for AR)	93,221				77,868
A2 Asset and investment sales, (see table).
Sale of investments	-				1,034,968
	-				-
Sub total	-				1,034,968
Total receipts A3 Payments
					1,112,836
Grants awarded	115,000				83,000
Investment manager fees (Including VAT)	-				14,320
Trust Administration fees (including VAT)	16,544				19,654
Independent Examiners fees	780				780
Cash management fees	125				88
	-				-
	-				-
	-				-
	-				-
**Sub total **	132,449				117,842
A4 Asset and investment purchases, (see table)
Investmentpurchases	-				1,037,292
	-
**Sub total **	-				1,037,292
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
					1,155,134
	- 39,228	-	41,771	2,543	- 42,298
	70,676		- 70,676	-	-
	46,812		81,785	128,597	170,895
	78,260	-	52,880	131,140	128,597

CCXX R1 accounts (SS)

16/04/2025

1

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 B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Details Capital account Income account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Investment portfolio	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 78,260 - - - 78,260 - 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 David Breach on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			52,881
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			-
			52,881
			Agreement Error
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			3,240,219
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
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			When due (optional)
			Date of approval
		David Breach on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

16/04/2025

2

Trustees’ Annual Report for the period

From 07 August 2023 To 06 August 2024

Charity name: Millie’s Watch Charitable Trust Charity registration number: 1179664

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the Trust are to further such objects or purposes which are exclusively charitable according to the law of England and Wales in any part of the world and in such a manner 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.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:
	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 grants to eleven charities totalling £115,000.
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 £78,260 (2023: £46,812). In addition to the free reserves the charity has bank balances of £52,880 (2023: £81,785) and investments valued at £3,032,447 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)

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 Expendable endowment funds are those which are required to be invested to produce Other 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 (trust deed, royal charter)	Para 1.25	Trust deed dated 6 August 2018.
How is the charity constituted? (e.g unincorporated association, CIO)	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 settlors or the survivors of them in their lifetime after which time trustees may be appointed by the trustees from time to time.

Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant 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 £16,669 for trust administration services during the year under review. These fees are authorised under clause 6 of the trust deed.
Other

Reference and Administrative details

Charity name	Millie’s Watch
Other name the charity uses
Registered charity number	1179664
Charity’s principal address	Trustees Department 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	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	MaryElizabeth Ayres
	Rachel Hannah Elizabeth Harrod
	Julie Ann Stretton
	Rebecca Caroline Emma Ayres
	Ludlow Trust CompanyLimited

19 20

– 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 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)

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	Coutts & Co	440 The Strand, London, WC2R 0QS
Bankers	Coutts & Co	440 The Strand, London, WC2R 0QS
Accountants	KJF Accounting Limited	17 Sheringham Avenue, Southgate, London, N14 4UB

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) David Breach On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Millie's Watch Charitable Trust On accounts for the year ended 6 August 2024 Charity no lif any) 1179664 Set out on pages 1to2 I report to the trustees on my examination of the accounts of the above charity (￿e Trust-l for the year ended 6, Augusl 2024. Responsibilities and As the charity trustees ofthe Trust, you are responsible forthe preparation basis of report of the accounts in accordance with Ihe requirements of the Charities Act 2011 {"the Acr). I rewrt in respect of my examination ol Ihe Trusl's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Direthons given by the Charity Commission under section 145{5}Ib) of the ACL I have completed my examination. I confirm thal no material matters have come to my attents.on in connection with the examination which gives me cause to believe that in. any material respect- accounting records were not kept in accordan￿ wth section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no Con￿MS 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. Signed: Date: ot-o Name: Mr Keith Felton Relevant professional ACCA qualification{sl or body (if any): Address: KJF Accounting Ltd. 17 Sheringham Avenue. Southgate. London N14 4UB Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018

Give here brlef detalls of any items that the examiner wishes to disclose. IER October 2018

2025-04-23MilliesWatch-Accounts

Final Audit Report

2025-04-23

Created: 2025-04-23 By: Estera Rzepus ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAO4hK8DBSaepWzRRuBLXqfRmOEvwf2Qy3

"2025-04-23MilliesWatch-Accounts" History

Document created by Estera Rzepus ([e-mail]) 2025-04-23 - 8:16:12 AM GMT

Document emailed to David Breach ([e-mail]) for signature 2025-04-23 - 8:16:16 AM GMT

Email viewed by David Breach ([e-mail]) 2025-04-23 - 8:52:23 AM GMT

Document e-signed by David Breach ([e-mail]) Signature Date: 2025-04-23 - 9:03:42 AM GMT - Time Source: server

Agreement completed.

2025-04-23 - 9:03:42 AM GMT