2024-04-22-accounts

Mr Herbert Miller's Settlement Trust 233334 Receipts and payments accounts CC16a For the period Period start date Period end date To from 23.04.2023 22.04.2024

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 65,384 1,044 - - - - - 66,428 - - - 66,428 58,639 - 10,017 780 - 8 - - - 69,444 - - - 69,444 - 3,016 9,923 5,962 12,869	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - 1,623,990 - 1,623,990 1,623,990 - 11,720 - - - - - - - 11,720 1,548,319 - 1,548,319 1,560,039 63,951 - 9,923 13,757 67,785	Total funds to the nearest £ 65,384 1,044 - - - - - 66,428 1,623,990 - 1,623,990 1,690,418 58,639 11,720 10,017 780 - 8 - - - 81,164 1,548,319 - 1,548,319 1,629,483 60,935 - 19,719 80,654	Last year to the nearest £
Investment income	65,384				43,824
Interest	1,044				1,238
	-				-
	-				-
	-				-
	-				-
	-				-
Sub total(Gross income for AR)	66,428				45,062
A2 Asset and investment sales, (see table).
Sale of investments	-				1,371,770
	-				-
Sub total	-				1,371,770
Total receipts A3 Payments
					1,416,832
Grants awarded	58,639				37,876
Investment managers fees (VAT inclusive)	-				9,548
Trust administration fees (VAT inclusive)	10,017				1,331
Independent Examiners fees	780				780
Bank charges	-				54
Cash management fee	8				-
	-				-
	-				-
	-				-
**Sub total **	69,444				49,589
A4 Asset and investment purchases, (see table)
Investmentpurchases	-				1,391,968
	-
**Sub total **	-				1,391,968
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
					1,441,557
	- 3,016		63,951	60,935	- 24,725
	9,923		- 9,923	-	-
	5,962		13,757	19,719	44,444
	12,869	-	67,785	80,654	19,719

CCXX R1 accounts (SS)

08/02/2025

1

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 Total cash funds (agree balances with receipts and payments account(s)) Capital account Income account Details Details Details Signature Chris Thurlow (Feb 12, 2025 16:55 GMT)	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 12,869 - - - 12,869 - 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 £
			67,785
			-
			-
			67,785
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			2,274,855
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
	Chris Thurlow (Feb 12, 2025 16:55 GMT)	Chris Thurlow on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

08/02/2025

2

Trustees’ Annual Report for the period

From 23 April 2023 To 22 April 2024

Charity name: Mr Herbert Miller’s Settlement Trust Charity registration number: 233334

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The object of the charity is to hold the fund for the period of one thousand years from the date of the Trust Deed to pay the income thereof to the Society for the Propagation of the Gospel, for the purposes of the Society and upon expiry of said period the capital absolutely.
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 in accordance with the letter of wishes.
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 nine grants to the United Society Partners in the Gospel totalling £58,639.

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 £12,869 (2023: £5,962). In addition to the free reserves the charity has bank balances of £67,785 (2023: £13,757) and investments valued at £2,274,855 within the expendable endowment fund. 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.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22
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
Other		Expendable endowment funds are those which are required to be invested to produce 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	Settlement deed dated 20 February 1958
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 existing trustees.

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 nor reimbursed any expenses in the year under review. During the year Ludlow Trust Company were paid fees for trust administration services of £10,017 These fees are authorised under clause 5 of the settlement deed.
Other

Reference and Administrative details

Charity name	Mr Herbert Miller’s Settlement Trust
Other name the charity uses
Registered charity number	233334
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	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Ludlow Trust CompanyLimited

8 9 10 11 12 13 14 15 16 17 18 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	NatWest Bank Plc	440 The Strand, London, WC2R 0QS
Bankers	NatWest Bank Plc	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) ~~Chris Thurlow (Feb 12, 2025 16:55 GMT)~~ Full name(s) Chris Thurlow on behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl mèmbers of Mr Herbert Miller's Settlement Trust On accounts for the year ended nd 22 April 2024 Charity no (if any) 233334 Set out on pages 1102 I report to the trustees on my examination of the accounts of the above charity ("the Trusl'l for the year ended 22nd April 2024. Responsibilitles and As the charity trustees of the Trust. you are responsible for the preparation basls of report of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{51{bl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in Gonneclion with the examination whiGh gives me causè to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independant examiner's statement I have no Concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: Date: Name: Mr Keith Felton Relevant professlonal qualificationls} or body (if any): ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018

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

2025-02-12Miller-Accounts

Final Audit Report

2025-02-12

Created: 2025-02-12 By: Estera Rzepus ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAA48wzS25Rwk5JVxVdY6Z5Tkb10A29wnBl

"2025-02-12Miller-Accounts" History

Document created by Estera Rzepus ([e-mail]) 2025-02-12 - 4:17:51 PM GMT

Document emailed to Chris Thurlow ([e-mail]) for signature 2025-02-12 - 4:17:55 PM GMT

Email viewed by Chris Thurlow ([e-mail]) 2025-02-12 - 4:49:24 PM GMT

Document e-signed by Chris Thurlow ([e-mail]) Signature Date: 2025-02-12 - 4:55:26 PM GMT - Time Source: server

Agreement completed.

2025-02-12 - 4:55:26 PM GMT