## **Trustees’ Annual Report for the period** ## **From 06 April 2024 To 05 April 2025** ## **Charity name: The Helen Isabella McMorran Charitable Foundation Charity registration number: 266338** ## **Objectives and Activities** **----- Start of picture text -----**
SORP reference
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|**Objectives and Activities**|**Objectives and Activities**|**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:
Age UK, Christian Aid, Cambridge House,
St
John's
Ambulance,
Church
Army,
Salvation
Army,
Turn2Us,
Royal
Commonwealth Society for the Blind, TAR 3
March 2012 Cambridge, Past, Present &
Future, The Samaritans, RSPB, National Art
Collection, Friends of Fitzwilliam Museum,
National Trust, Dean and Chapter Ely
Cathedral, Girls Public Day School Trust,
Historic Churches Preservation Trust, Save
the Children Fund, Abbeyfield Homes,
Edinburgh
Festival
Appeal,
National
Churches Trust| |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
trust
deed.
In
determining the charity’s activities the
trustees have had regard to the Charity
Commission’s guidance on public benefit.|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
trust
deed.
In
determining the charity’s activities the
trustees have had regard to the Charity
Commission’s guidance on public benefit.|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
trust
deed.
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 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)** You may choose to include further statements where relevant about: SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other ## **Achievements and Performance** **----- Start of picture text -----**
SORP reference
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|**Achievements and Performance**|**Achievements and Performance**|**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 charities below:

Elizabeth Finn Care (Turn2Us) - £7,508

Royal Commonwealth Soc for the Blind
- £7,508

The Samaritans - £7,508

RSPB - £7,508

Cambridge Past Present and Future -
£7,508| ## **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other ## **Financial Review** |**Financial Review**|**Financial Review**|**Financial Review**| |---|---|---| |Review of the charity’s
financial position at the end
of the period
Para 1.21
In addition to the free reserves the charity
has bank balances of £10,414 (2024:
£41,727)
and
investments
valued
at
£682,322 within the expendable endowment
fund.||| |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.|well as covering future needs, opportunities,
contingencies and risks.|well as covering future needs, opportunities,
contingencies and risks.| |---|---|---| |Amount of reserves held
Para 1.22
At the end of the reporting period the charity
had free reserves of £12,581 (2024:
£13,916)||| |Reasons for holding zero
reserves
Para 1.22
N/A||| |Details of fund materially in
deficit
Para 1.24
No funds in deficit||| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| **Additional information (optional)** You may choose to include further statements where relevant about: |**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant 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** **----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing document Para 1.25 Trust deed dated 20th August 1973
(trust deed, royal charter)
How is the charity Para 1.25 Trust
constituted?
(e.g unincorporated
association, CIO)
Trustee selection methods Para 1.25 Trustees are appointed by the trustees.
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
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures Para 1.51
adopted for the induction
and training of trustees
The charity’s organisational Para 1.51
structure and any wider
network with which the
charity works
Relationship with any related Para 1.51 No trustee received any remuneration or
parties was reimbursed any expenses in the year
under review.
Ludlow Trust Company Limited was paid
£6,437 (2024: £4,443) for trust
administration services and cash
management fees during the year under
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review. These fees are authorized under clause 12 of the Trust deed. Other ## **Reference and Administrative details** |Charity name
The Helen Isabella McMorran Charitable Foundation|Charity name
The Helen Isabella McMorran Charitable Foundation| |---|---| |Other name the charity uses|| |Registered charity number
266338|| |Charity’s principal address|Trustees Department
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ| ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Ludlow Trust
1
Company Limited
2
3
4
5
–
Corporate trustees names of the directors at the date the report was approved
Director name
Gary St John Collins
Walter Duncan Coxon
Ali Reza Sarikhani
Ziba Christina Sakine
Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
John Stephen Dennis (resigned 25/10/24)
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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|N/A
N/A
N/A| |---|---| |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)** **----- Start of picture text -----**
Type of adviser Name Address
Investment Managers NatWest 2 [nd] Floor, Trinity Quay II, Avon Street,
Bristol, BS2 2DH
Bankers NatWest 2 [nd] Floor, Trinity Quay II, Avon Street,
Bristol, BS2 2DH
Accountants Charter Tax Consulting 8th Floor, 1 Southampton St, London
Ltd WC2R 0LR
Independent Examiner James O’Rourke Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY
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**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)** Chris Thurlow on behalf of Ludlow Trust Company Limited (Trustee) **Position (eg Secretary, Chair, etc) Date** 04 February 2026 **----- Start of picture text -----**
TRUST NAME CHARITY NO
The Helen Isabella McMorran Charitable Foundation 266338
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 06/04/2024 05/04/2025
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income from investments 18,641 - - 18,641 17,876
Income from Interest 1,953 - - 1,953 995
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 20,594 ] - - 20,594 18,871
A2 Asset and investment sales,
(see table).
Sale of investments - - 455,386 455,386 528,489
- - - - -
Sub total - - 455,386 455,386 528,489
Total receipts 20,594 - 455,386 475,980 547,360
A3 Payments
Charitable Payments 37,540 - - 37,540 36,150
Investment Management Fees + VAT - - 3,390 3,390 3,217
Trust Administration Fees + VAT 6,371 - - 6,371 4,398
Cash Management Fee 66 - - 66 45
Legal fees - - - - 2
- - - - -
- - - - -
- - - - -
Sub total [ 43,977 ] - 3,390 47,367 43,812
A4 Asset and investment
purchases, (see table)
Investment purchases - - 461,261 461,261 469,928
- - - - -
Sub total [ - ] - 461,261 461,261 469,928
Total payments 43,977 - 464,651 508,628 513,740
Net of receipts/(payments) - 23,383 - - 9,265 - 32,648 33,620
A5 Transfers between funds 22,048 - - 22,048 - -
A6 Cash funds last year end 13,916 - 41,727 55,643 22,023
Cash funds this year end 12,581 - 10,414 22,995 55,643
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CCXX R1 accounts (SS) 30/01/2026 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
Capital account
Income account
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
Investment Portfolio
**Details**
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**12,581**
**-**
**-**
**-**
**12,581**
**-**
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 Company Limited (Trustee)|**Endowment**
**funds**
**to nearest £**
**10,414**
**-**
**-**
**10,414**
OK
**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**682,322**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
04 February 2026| |---|---|---|---| Signed by one or two trustees on behalf of all the trustees CCXX R2 accounts (SS) 30/01/2026 2 ## **Independent Examiner's Report to the Trustees of The Helen Isabella McMorran Charitable Foundation** I report to the charity trustees on my examination of the accounts of the charity for the year ended 05 April 2025. ## **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. James O’Rourke FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY Date 04 February 2026