MILLIE'S WATCH
Latest income
£112k
Latest spending
£170k
Registered
2018
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that free reserves were £78,260, an increase from the previous year's £46,812. The charity holds bank balances of £52,880 and investments valued at £3,032,447 within the expendable endowment fund. The trustees maintain a policy of holding free reserves to cover future needs, opportunities, contingencies, and risks.
What the accounts disclose
Reserves policy: 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 (held: £78k)
“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.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Ludlow Trust Company Limited (corporate trustee) received £16,669 for trust administration services.
“Ludlow Trust Company Limited was paid £16,669 for trust administration services during the year under review.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Ludlow Trust Company Limited is a corporate trustee and received payment for services.
“Ludlow Trust Company Limited was paid £16,669 for trust administration services during the year under review. These fees are authorised under clause 6 of the trust deed.”
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Julie Ann Stretton
- Ludlow Trust Company Ltd
- Mary Elizabeth AYRES
- Rachel Hannah Elizabeth Harrod
- Rebecca Caroline Emma Ayres
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 06/08/2025 | £112k | £170k |
| 06/08/2024 | £164k | £147k |
| 06/08/2023 | £78k | £118k |
| 06/08/2022 | £101k | £86k |
| 06/08/2021 | £153k | £170k |
Common questions
Is MILLIE'S WATCH financially healthy?
The accounts state that free reserves were £78,260, an increase from the previous year's £46,812. The charity holds bank balances of £52,880 and investments valued at £3,032,447 within the expendable endowment fund. The trustees maintain a policy of holding free reserves to cover future needs, opportunities, contingencies, and risks. Its FY2024 accounts were independently examined.