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← The Martha McMenamin Memorial Scholarships

2024-04-21-accounts

The Martha McMenamin Memorial Scholarships Trus The Martha McMenamin Memorial Scholarships Trus The Martha McMenamin Memorial Scholarships Trus 107261 107261
Receipts andpayments accounts
For the period
from		 22/04/2023 To 21/04/2024
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
15,803
1,397
-
-
-
-
-
-
-
17,200
-
17,200
-
-
4,747
780
-
65
-
-
-
5,592
-
-
-
5,592
11,608
5,294
29,348
46,250		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
432,641
-
432,641
432,641
-
3,594
-
-
-
-
-
-
-
3,594
410,671
-
410,671
414,265
18,376
- 5,294
5,003
18,085		 Total funds
to the nearest £
15,803
1,397
-
-
-
-
-
-
-
17,200
432,641
-
432,641
449,841
-
3,594
4,747
780
-
65
-
-
-
9,186
410,671
-
410,671
419,857
29,984
-
34,351
64,335		 Last year
to the nearest £
Incomefrom investment 15,803 14,226
Interestondepositaccount 1,397 419
- -
- -
- -
- -
- -
- -
- -
A1 Sub total(Gross income for the
Annual Return)		 17,200 14,645
A2 Asset and investment sales(see
tables 1 and 2 in section 7 of the
guidance).
Proceedsfromsale of investments 394,191
-
A2 Sub total - 394,191
Total receipts
A3 Payments
408,836
Grants awarded - -
Investment management fees (including
VAT)		 - 2,955
Trust Administration fees (including VAT) 4,747 2,569
Independent Examiners fees 780 1,560
Bank charges - 54
Cash management fees 65 -
-
- -
- -
**A3 Sub total ** 5,592 7,138
A4 Asset and investment purchases
(see tables 1 and 2 in section 7 of the
guidance)
Purchase of investments - 394,564
- -
**A4 Sub total ** - 394,564
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
401,702
11,608 - 18,376 29,984 7,134
5,294 - - 5,294 - -
29,348 - 5,003 34,351 27,217
46,250 - 18,085 64,335 34,351

CCXX R1 accounts (SS)

12/02/2025

1

The Martha McMenamin Memorial Scholarships Trust - 107261

Period end date: 21/04/2024

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
B3 Investment assets
B5 Liabilities
B4 Assets retained
for the charity’s own
use
 Details
Current account
Deposit account
Total cash funds
(agree balances with receipts and payments account(s))
Details
Details		 Unrestricted
funds
to nearest £		 Unrestricted
funds
to nearest £		 Restricted
funds
to nearest £		 Restricted
funds
to nearest £		 Endowment
funds
to nearest £
18,085
-
-		 Endowment
funds
to nearest £
18,085
-
-		 Total funds
to nearest £
64,335
-
-		 Total funds
to nearest £
64,335
-
-		 Last year
to nearest £
46,250 - 18,085 64,335 34,351
- - - - -
- - - - -
46,250 - 18,085 64,335 34,351
OK
Unrestricted
funds
to nearest £
-
-
-
-
-		 OK
Restricted
funds
to nearest £
-
-
-
-
-
Fund to which
asset belongs		 OK
Endowment
funds
to nearest £
-
-
-
-
-
Total
Cost (optional)		 OK
Total funds
to nearest £
-
-
-
-
-		 OK
Last year
to nearest £
- -
- -
- -
- -
- -
- -
Current value
(optional)		 Lastyear
Investmentportfolio - 616,521 628,846
- - -
- - -
- - -
Details Total
Fund to which
asset belongs		 - 616,521 628,846
Cost (optional) Current value
(optional)		 Lastyear
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Details Total
Fund to which
liability relates		 - - -
When due
(optional)		 Amount due
(optional)		 Lastyear
- -
- -
- -
- -
- -
Signature
Chris Thurlow (Feb 12, 2025 18:12 GMT)		 Total
Print Name
Chris Thurlow on behalf of Ludlow
Trust CompanyLimited		 - -
Date of
approval
Chris Thurlow (Feb 12, 2025 18:12 GMT) Chris Thurlow on behalf of Ludlow
Trust CompanyLimited

2417256-4 (McMenamin DRAFT Form CC16a Receipts and payments account NI) / Statement of balances2

December 2007

The Martha McMenamin Memorial Scholarships Trust - 107261

Period end date: 21/04/2024

Section C Notes to the Accounts

C1 Nature and purpose of funds (may be stated on analysis of funds worksheets) 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.

C6 Other information
C5 Transactions with trustees
and connected persons
C4 Trustee expenses - details
C3 Trustee remuneration -
details
C2 Grants		 Individual /
institution
Authority under whichpaid
Type of activity or project supported		 Individual /
institution
Authority under whichpaid
Type of activity or project supported		 Number of grants
made
£		 Number of grants
made
£
0
Total -
£
0
0
0
0
0
Nature of transaction
Trust administration fees		 Number of
trustees		 £
0 0
0 0
0 0
0 0
0 0
Nature of relationship

Trustee		 Transaction
amount (£)
Balance
outstanding at
period end(£)
4,747 0
0 0
0 0
0 0
0 0

The Martha McMenamin Memorial Scholarships Trust - 107261

Period end date: 21/04/2024

Additional analysis (1)

Analysis of receipts and payments

1 Donations

1 Donations 1 Donations
Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 Total current
period
to nearest £		 Total last period
to nearest £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
OK OK O K OK OK

2 Grants

2 Grants 2 Grants
Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Total current
period
to nearest £		 Total last period
to nearest £
- -
- -
- - -
- - -
Total - - - -
OK OK OK OK

3 Gross receipts from other charitable activities

Unrestricted
funds
to nearest £		 Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 Total current
period
to nearest £		 Total current
period
to nearest £		 Total last period
to nearest £
- - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
OK OK O K OK OK

4 Payments relating directly to charitable activities

Unrestricted
funds
to nearest £		 Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 Total current
period
to nearest £		 Total current
period
to nearest £		 Total last period
to nearest £
-









- - - -









-
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
OK O K

Make sure this section matches the information in Section A3 - Payments

The Martha McMenamin Memorial Scholarships Trust - 107261

Period end date: 21/04/2024

Additional analysis (2)

5 Breakdown of restricted funds

5 Breakdown of restricted funds 5 Breakdown of restricted funds
Receipts Restricted fund
1 - enter name of
fund below
Youth Worker
Fund		 Restricted fund
2 - enter name of
fund below
Youth Club
Fund		 Restricted fund
3 - enter name of
fund below		 Restricted fund
4 - enter name of
fund below		 Total restricted
funds		 Total restricted
funds last
period
Donations - - - - - -
Legacies - - - - - -
Grants - - - - - -
Receipts from fundraisingactivities - - - - - -
Gross tradingreceipts - - - - - -
Income from investments other than land and
buildings		 - - - - - -
Rents from land & buildings - - - - - -
Gross receipts from other charitable activities - - - - - -
Sub total
Receipts from asset & investment sales		 - - - - - -
OK
Proceeds from sale of fixed assets - - - - - -
Proceeds from sale of investments - - - - - -
Sub total
Total receipts
Payments		 - - - - - -
OK
- - - - - -
OK
Expenses for fundraisingactivities - - - - - -
Gross trading payments - - - - - -
Investment management costs - - - - - -
Payments relatingdirectlyto charitable activities - - - - - -
Grants and donations - - - - - -
Governance costs: - - - - - -
Audit / independent examination - - - - - -
Preparation of annual accounts - - - - - -
Legal costs - - - - - -
- - - - - -
- - - - - -
Sub total
Payments relating to asset and investment
movements		 - - - - - -
OK
Purchases of fixed assets - - - - - -
Purchase of investments - - - - - -
Sub total
Total payments
Net receipts / (payments)
Transfers to / (from) funds
Surplus / (deficit) for year		 - - - - - -
OK
- - - - - -
OK
- - - - - -
OK
- - - - - -
- - - - - -
OK
Nature andpurpose of funds

Trustees’ Annual Report for the period

From 22 April 2023 To 21 April 2024

Charity name: Martha McMenamin Memorial Scholarships Trust Charity registration number: 107261

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 charity are the provision of

charitable donations to individuals who are
studying in the Nursing, Midwifery and Health

Visiting sector to study. The charitable

donation will be forwarded to The Western
Health and Social Care Trust who are
undertaking
the
training
to
aid
their
applications and personal development.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identifiedinthe 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)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38

Contribution made by volunteers Other

Achievements and Performance

SORP reference During the year under review no grant awards were made. Summary of the main Para 1.20 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.

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 At the end of the reporting period the charity
had
free reserves
of
£46,250
(2023:
£29,348).
In addition to the free reserves the charity has
bank balances of £18,085 (2023: £5,003) and
investments valued at £616,521 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 andrisks.
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,royalcharter)		 Para 1.25 Trust deed dated 21 April 1986.
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 or was
reimbursed any expenses in the year under
review.
Ludlow Trust Company Limited was paid
£4,747 for trust administration services during
the year under review.
Other

Reference and Administrative details

Charityname
 Martha McMenamin Memorial Scholarships Trust
Other name the charityuses
Registered charitynumber
 107261
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 -----
Name of person (or
Dates acted if not for body) entitled to
Trustee name Office (if any)
whole year appoint trustee (if
any)
1 [Ludlow Trust ]
Company Limited
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
----- End of picture text -----

– 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)

Type of adviser Name
Address		 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)

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

Position (eg
, Chair, etc.)
Date		 Signature(s)
Full name(s)
Secretary,
~~Chris Thurlow (Feb 12 2025 18:12 GMT)~~
~~,~~
Chris Thurlow on behalf of
Ludlow Trust Company
Limited

Independent examlner's report to the charlty trustees of'The Marta Mcmenamln Memorlal S¢hoL8rshlps Trust, I report on the accounts of the Trust forthe year ended 21" April 2024. which are set out on Pages 1 to 2. Respectlve responslbllftles of charfty trustees and examlnor As the charlty's trustees you are responsible forthe preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It Is my responsibilityto: - examine the accounts under section 65 of the Charities Act - followthe procedures lald down In the general Directions given bythe Commisslon under section 65{9)(b) of the Charities Act - state whether partlcular matters have come to my attention. Basls of Independent examlner's report I have examined your charity accounts as requlred under sectlon 65 of the Charlties Act and my examination was carried out In accordance with the general Directions given by the Charlty Commlsslon for Northern Ireland under sectlon 65(91(b) of the Charities Act. My examlnation Included a review of the accountlng records kept bythe charity and a comparison of the accounts presented with those record8. It also Included consideration of any unusual ftems or disclosure8 in the accounts. and seeking explanatlons from you as charlty trustees concernlng any Such m8tter8. My role Is to state whether any rnaterlal matters have come to my attentlon glvlng me cause to belleve: 1. That accounting records were not kept in accordance with sectlon 63 of the Charltles Act 2. That the accounts do not accord wlth those accounting records 3. That the accounts do not complywith the accounting requirements ofthe Charities Act 4. That there is further information needed for a proper understsnding of the accounts to be reached. Independent examlner's Statement I have completed my examination and have no concerns in respect of the matters (1) to {4) tlsted above and. in connection with followingthe Directions of the Charity Commisslon for Northem Irel8nd. I have found no mattersthat require drawingto your attention. Name: Mr Keith Felton Relevant professional qualrfication or body: ACCA Address: 17 Sheringham Avenue. Soirthgate. London N14 4UB Date: 0410212025

2025-02-12McMenamin-Accounts

Final Audit Report

2025-02-12

Created: 2025-02-12 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAMNJc78EFm-FiZRSRRdiinmXD22yL9R6M

"2025-02-12McMenamin-Accounts" History

Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com)

2025-02-12 - 11:45:06 AM GMT

Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature 2025-02-12 - 11:45:10 AM GMT

Email viewed by Chris Thurlow (chris.thurlow@ludlowtrust.com) 2025-02-12 - 6:11:54 PM GMT

Document e-signed by Chris Thurlow (chris.thurlow@ludlowtrust.com) Signature Date: 2025-02-12 - 6:12:10 PM GMT - Time Source: server

Agreement completed.

2025-02-12 - 6:12:10 PM GMT