THE DR SHEILA MILLAR-DANKS CHARITABLE TRUST
The charity pays the income of the trust fund for the benefit of such charitable institutions as the trustees in their absolute discretion think fit. The trust manager reviews applications for grants when received and grants are awarded at the trustee's discretion.
Objects
3.1 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.3.2 THE TRUSTEES MAY IN THEIR DISCRETION, FOR THE PERIOD OR 21 YEARS FROM THE DATE OF THIS DEED, INSTEAD OF APPLYING THE INCOME OF THE CHARITY IN ANY YEAR, ACCUMULATE ALL OR ANY PART OF SUCH INCOME AT COMPOUND INTEREST BY INVESTING THE SAME, AND THE RESULTING INCOME, IN A ANY INVESTMENTS AUTHORISED BY THIS DEED OR BY LAW AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE CHARITY, WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE WHOLE OR ANY PART OF SUCH ACCUMULATED INCOME IN ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME OF THE CHARITY ARISING IN THE THEN CURRENT YEAR.
Financial health, per its FY2025 accounts
The accounts state that the charity generated £68,562 in investment income and received £132,000 from the sale of investments, while paying £135,000 in grants to charitable institutions. At the year end, the charity held cash balances of £29,682 and investments with a fair value of £2,415,607. The trustees report that the charity holds reserves in the form of investments to produce a sustainable and growing level of income.
What the accounts disclose
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Trustee conflicts of interest policy and procedures
Trustees
- Derek Last
- Emma Woollard
- PAULINE LAST
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £69k | £139k |
| 05/04/2024 | £64k | £230k |
| 05/04/2023 | £137k | £136k |
| 05/04/2022 | £154k | £113k |
| 05/04/2021 | £52k | £56k |
Common questions
Is THE DR SHEILA MILLAR-DANKS CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated £68,562 in investment income and received £132,000 from the sale of investments, while paying £135,000 in grants to charitable institutions. At the year end, the charity held cash balances of £29,682 and investments with a fair value of £2,415,607. The trustees report that the charity holds reserves in the form of investments to produce a sustainable and growing level of income. Its FY2025 accounts were independently examined.