OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2026-04-05-accounts

Trustees’ Annual Report for the period

From 6[th] April 2025 To 5[th] April 2026

Charity name: The Helen Isabella McMorran Charitable Foundation Charity registration number: 266338

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		 Para 1.17 and
1.19		 In furtherance of the charity’s objects for the
public benefit the trustees provide grants.
activities, projects or
services identified in the
accounts.
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

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 the following charities
totalling £35,655.
•
National Art Collections Fund
(209174) £7,131 (England)
•
Ely Cathedral Trust (264803)
£7,131 (England)
•
The National Trust for Places of
Historic Interest or Natural Beauty
(205846) £7,131 (England)
•
The Girls Day School Trust
(306983) £7,131 (England)
•
The Fitzwilliam Museum
Development Trust (291460)
£7,131 (England)
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
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Total incoming resources for the year were
£11,728 (2025: £20,594), comprising
investment income and bank interest.
During the year the charity made grants
totaling £35,655 (2025: £37,540), funded in
part by a transfer of £23,680 (2025:
£22,048) from the expendable endowment
fund to unrestricted funds to support grant-
making activities.
At the year end the charity held total cash
balances of £5,884 (2025: £22,995), of
which £4,126 (2025: £12,581) represents
unrestricted free reserves. In addition, the
charity held investments within the
expendable endowment fund with a market
value of £760,494 (2025: £682,322) These
funds are available at the discretion of the
trustees to support the charity’s objectives.
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 At the end of the reporting period the charity
had
free
reserves
of
£4,126
(2025:
£12,581).
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:

The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 risks facing the charity 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 trusts:
Type of governing document Para 1.25 Trust deed dated: 20/08/1973
Date of Death: 09/11/1985
Date registered: 18/10/1973
How is the charity
constituted?		 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:		 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 for any expenses in the
year under review.
Ludlow Trust Company Limited was paid
£6,498
(2025:
£6,437)
for
trust
administration and cash management fees
during the year under review. These fees
are authorised under clause 12 of the trust
deed.
Other

Reference and Administrative details

Charity name The Helen Isabella McMorran Charitable Foundation
Other name the charity uses No other names
Registered charity number 266338
Charity’s principal address Ludlow Trust Company Limited
Tower Wharf
Cheese Lane
Bristol
BS2 0JJ

Names of the charity trustees who manage the charity

Trustee Name Office (If Any) Office (If Any) Date acted for if not whole year Date acted for if not whole year Name of person (or
body) entitled to appoint
trustee(if any)
Ludlow Trust
CompanyLimited
Corporate trustees– names of the directors at the date the report was approved
Director name
Walter Duncan Coxon
Alexander Edward Mulroe Appointed on 01/04/2026
Ali Reza Sarikhani
Ziba Christina Sakine
Sarikhani
Christopher Ian Thurlow
Mathew John Wickers
Gary St John Collins Resigned on 31/03/2026

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
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 N/A
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets		 N/A

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 National Westminster
Bank Plc		 2nd Floor Trinity Quay II Avon Street PO
Box 3138 Bristol BS2 2DH
Bankers National Westminster
Bank Plc		 2nd Floor Trinity Quay II Avon Street PO
Box 3138 Bristol BS2 2DH
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton Street, London
WC2R 0LR
Independent Examiner Katie Wilson Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, 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)[Marta Kurpickaja ] Position (e.g. Secretary, On behalf of Ludlow Trust Company Chair, etc.) Limited (Trustee) Date 14 August 2026

The Helen Isabella McMorran Charitable Foundation The Helen Isabella McMorran Charitable Foundation The Helen Isabella McMorran Charitable Foundation 266338 266338 CC16a
For the period
from		 06/04/2025
Period start date		 To 05/04/2026
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
10,767
961
11,728
-
-
11,728
35,655
-
6,463
900
35
810
43,863
-
-
43,863
- 32,135
23,680
12,581
4,126		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
911,333
911,333
911,333
-
2,707
-
-
-
-
2,707
893,602
893,602
896,309
15,024
- 23,680
10,414
1,758		 Total funds
to the nearest £
10,767
961
11,728
911,333
911,333
923,061
35,655
2,707
6,463
900
35
810
46,570
893,602
893,602
940,172
- 17,111
-
22,995
5,884		 Last year
to the nearest £
Income From Investments 10,767 18,641
Interest Received 961 1,953
Sub total(Gross income for
AR)		 11,728 20,594
A2 Asset and investment sales,
(see table).
Sale Of Investments - 455,386
Sub total - 455,386
Total receipts
A3 Payments
475,980
Grants Awarded 35,655 37,540
Investment Manager Fees - 3,390
Trust Administration Fees 6,463 6,371
Independent Examiners Fees 900 -
Cash Management Fees 35 66
Accountancy 810 -
**Sub total ** 43,863 47,367
A4 Asset and investment
purchases, (see table)
Investment Purchases - 461,261
**Sub total ** - 461,261
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
508,628
- 32,135 - 15,024 - 17,111 - 32,648
23,680 - 23,680 - -
12,581 10,414 22,995 55,643
4,126 - 1,758 5,884 22,995

CCXX R1 accounts (SS)

13/08/2026

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 Section B Statement of assets and liabilities at the end of the period
Categories
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
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Capital Account
Income Account		 Unrestricted
funds
to nearest £
4,126
4,126
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Endowment
Fund to which
asset belongs
Fund to which
liability relates		 Restricted
funds
to nearest £
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-
-		 Endowment
funds
to nearest £
1,758
-
1,758
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
760,495
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

Signature

Date of Print Name approval Marta Kurpickaja on behalf of Ludlow 14 August 2026 Trust Company Limited (Trustee)

CCXX R2 accounts (SS)

13/08/2026

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 2026.

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.

  3. accounts comply with regulations

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.

Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date

17 August 2026