Charity Accounts Intelreading the accounts so you don’t have to

MILLWARD CHARITABLE TRUST

Registered charity 328564 · accounts filings on the Charity Commission register

Income generated from the trust fund and also so much capital of the trust fund as determined by the trustees from time to time, shall be applied for such charitable purposes from time to time at the trustees absolute discretion.

Objects

UPON TRUST TO PAY THE INCOME THEROF AND ALSO SO MUCH OF THE CAPITAL OF THE TRUST FUND AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION DETERMINE FROM TIME TO TIME FOR SUCH CHARITABLE PURPOSES AS THE TRUSTEES SHALL FROM TIME TO TIME AT THEIR ABSOLUTE DISCRETIO N DETERMINE.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Arts/culture/heritage/science · Get email alerts

Latest income
£47k
Latest spending
£106k
Registered
1990
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £1,527,067, a decrease from the previous year's £1,672,970. The charity reported a net incoming resource deficit of £145,903, driven by charitable expenditure exceeding investment income. The trustees confirm adequate resources exist to continue operations on a going concern basis.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient to cover the forthcoming years expected grant distributions and running costs (held: £1.5m)
“Short term cash deposits are also maintained at levels sufficient to cover the forthcoming years expected grant distributions and running costs of the Charity, with any excess over this amount being transferred into investments.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Write off prior year related party creditor
“During the previous year Mr M Millward (trustee) made a payment of £2,940, using private funds to pay a trust expense. During the year Mr Millward agreed to write off this amount as being due from the Charity.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
05/04/2025£47k£106k
05/04/2024£43k£105k
05/04/2023£36k£142k
05/04/2022£28k£114k
05/04/2021£24k£152k

Common questions

Is MILLWARD CHARITABLE TRUST financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,527,067, a decrease from the previous year's £1,672,970. The charity reported a net incoming resource deficit of £145,903, driven by charitable expenditure exceeding investment income. The trustees confirm adequate resources exist to continue operations on a going concern basis. Its FY2025 accounts were independently examined.