Charlty Rag18tratlon No. 1131892
Company Rogi•lratlon Numb•r. 06565087 (England and Wales)
THE JUNIUS S MORGAN BENEVOLEKf FUND
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

THE JUNIUS S MORGAN 8ENEVOLENT FUND
ANNUAL REPORT AND FINANCIAL 8TATEIAEtrUS
FOR THE YEAR ENDED 310ECEMBER 2020
CONTENTS
Le9al and administrative informatK)n
Trustees. report
Independent auditorfs report
Statement of financial activitkrys
Balance sheet
Statement of ￿sh flcms
Notes to the financial statements
10-15

THE JUNIU8 S MORGAN BENEVOLENT FUND
LEGAL AND ADMINIST14ATIVE INFORMATION
Tru•tee8
The Burdett Trust tr Nufsing
MT Alan Gibbs
Mr Andrew Gibbs
Mr Andr￿ Martin Smith
Secretary
Rathbone Trust Company Lld
Charlty numbor
1131892
Company numb•r
06565087
R•gister•d offlce
8 Finsbury Circus
London
EC2M 7AZ
Audltors
HaysnHcintyre LLP
10 Queen Street Place
London
EC4R 1AG
Bank•
Coutts & Co
440 Strand
London
I￿2R OQS
Soll¢ltorn
BD8 Pibnans LLP
One BartholOW￿ Close
London
EC1A7BL
Inve•tment advl80rn
CCLA Investw*nt Manageffont Liniied & CCLA FurKI Managers
Limited
Senator House
85 Queen Wictoria Street
London
EC4V 4ET
Rathbones Investment Management
8 Finsbury cIr￿j5
Lonclon
EC2M 7AZ

TrIE JLINIUS S MORGAN BENEVOLENT FUND
TRUSTEE8' REPORT IINCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustses. wtto are also dire(*ors of the Trust for the purposes of the Conyii8s ACL Present their annual
report and finanual statements of the charity for the year ended 31 December 2020. The financial statements
have been prepared under the provisions of the Finanoal Reporb'ng Standard appiicable in the UK and
Republic of Ir8land IFRS 102) (Second Edition, effectNe 1 January 2019} - (Charitres SORP IFRS 102)). the
Financial ReFQrtirrfJ Standard a[vIu￿e in the UK arttl Reput4t of IrelarKI IFRS 1021. arKf the accounting
policies set out on pages 10-11. The financial slateNents company wrth all other statsjtory requirements and
the requifement ot the Trusys goveming d￿rnents.
Oblocllves and aetlvltle¥
The aim of the charity is to provKle ffinancial or other ￿lef for needy practssing and fomw Tr*mbers of the
nursing profespAon through the provision of grants. The Trustees have had regard to c￿￿lty Commission
guidance concerning public benefrt when considering the acttviti'es of the charity.
Gfant Maklng and Operatlonal Pollcy
The Fund assists registered nurses and health care assist￿ who have pracllsed In the UK for a minimum of
five years.
The Trustees consKJer applications from individuats within the uiterial who firKI themselves in hardship for
variety of reasons. The fvnd does not usually pay £d￿atIOnal fees.
In 2020, in Tesponse to the paTh]e￿IC the Trustees ￿ended the criiero to all nurses, healthcare assi5t8nts
and St￿￿ent nur5e5.
The Fund will make cash payments to assist with payments for a variety of purposes including rental &
mortgage arrears, heating. telephone charges. househobj renewal costs Idecorats'ng, fvrntture, fvrnishingl and
adoption of homes for indiv•Juals with disabiliti'es. The Fund does not pay reS￿￿ential or nursing home fees,
holidays or fespite cara.
The M￿MuM amount of any irwJp4idual in any 12 llK)nth perKxI will not nomwlty exceed £1,500 for all new
awards.
The Fund is a moml)er of the ACO (The P4sociation ot Charity Office￿) whth is an organwts'on whiGh has a
helpline providing details on a wde range of benevolent funds to agencies such as &WA Citoens Advice
Bureaux and other advisers as well as to Indiv￿ua1s.
Achlevomgnts •nd ￿rfOrn￿rt
There were 209 ￿1p1ants of one off grnnts Wovhded ty the charity. at an average grant of £750 per recipient
{2019- 208 reupients with an average grant of£1.204}.
The asset allO￿tiOn of this Trusl, with investff*nts in COIF Investment Fund and Rathbone Balanced
Mandate, remains consislent with the preser¥ation of kng-tem) caprtal and a k)ng tenn investment horizon.
The Trustee8 key object is to help nurses in hardship. In respon￿ lo the Covid-19 pandemic the Twstees
extended the criteria in March 2020 to indude third and fourth year nursing students who were working in the
NHS.
Flnanclal revl•w
Total income was £409.099 {£417,922 in 20191, with £488,315 (£325.948 in 20191 being committed to
charitable actNities of which £72,5151£70,565 in 20191 relating to support costs and £3.720 (£4,970 in 2019)
relating to governance costs. reSu￿.n9 in net expendiiure of £79,216 (net Incon￿ £91.973 in 2019).
The total movement of resources in the year also indudes the unrealised and realised gains based upon the
markd valuè of the investments at the year end of £218.851 (gain £512,840 in 2019).

THE JUNIUS S IAORGAN BENEVOLENT FUND
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
The Truslees have reviewed the ￿serveS of the Trusl At 31 December 2020, the totsl reseNes amounted to
£3,778,96912019'. £3,639,334). The reserves are considered to te at a Suitab￿ level given the aim to strtke a
sensible babnce betsveen the needs of the present and fuiure.
R18k Management
The trustees have undertaken a review of the major risks that coukl f&e the charity and have klentlfied that the
prinapal risk faced lie in the perforn)ance of investments.
The trustees consider variability of investrr£nt returns to constitute the charity's major finanaal risk. This is
mitigated by retsining expert investment managers and having a diversthed investment portfolio.
Structure, governance and management
The 8enevolenl Fund is a company limited ty guarantee inctyporated on 14 2008 and was re9iStered as
charity on 29 Septsmber 2009.
The Tnjstees, who are also the directss for the purpose of conwany l*w. ar￿ who Served during the year
The Burdett Trust for Nur8W19
Mr Alan Gibbs
Mr Andrew Gibbs
MT Andrew Martin Smith
The Trustees of the corpM)rate trustee. The Burdett Twsl ftK Nursing, who served during the year were..
Alan Gibbs
Andrew Martin Smith
Dame Christine Beasley DBE
Evy Hambro
Professor Davtd Sines CBE
Dr Michael Gormley
Andrew Gibbs
Professor Charfes Anthony Butterworth
Professor Mary Joy Lovegrove OBE
Professor Ursula Maire Gallagher (deceased 25 Juty 2021)
Audrey Ardem-Jones
Organl8ation
The Trustees are appointed by existing Trustees. On appointment. they are infomied about the activityes of the
charity and are made aware of developments in the sector as required. The day to day administration of the
¢harity wa¥ delegated to Rathbone Trust Company Limbted. whth also arted as Secretsry to the Fund.

THE JUNIUS S MORGAN BENEVOLENT FUND
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2020
ststoment or truiteos. r••ponslbllttbe8
The Trustees, who are also the directors of the Junius S M¢)rgan Benevolent Fund for the purpose of company
law, are respon$iFAe for preparing the Trustees, Report aTrJ the xcounts in accordance with applicabl8 law and
Unitsd Kingdom ￿￿Ounting Standard$ (Uniied lfjngdom G8neralty Accepted ACCI￿NI1n9 PractirRI.
Company Law requires the Tnjstees to prepare accounts for each financial year which give a true and fair vlew
of the slate of affairs of the ¢hanty and of the inconNng resour￿ and application of resources, including the
inwme and expendrture, of the charilable ccfflpany for that year.
In p￿paring these accounts, the Trustees are required to..
Select suitable xcourting and then appty them wnsi5tenty;
ObseNe the methods and principles in the Charits'es SORP.
Make judgements and estirTOtes Ihat are reasonatjle and Prudent
state whether applvble accounting Standards have been follow•l, subject to any materral departures
disclosed and explained in the financral statemnts; and
Prepare the accounts on the going o)ncem basiq unless li ￿apPrOprIate trj presume that the ch*lty
will ¢[￿tInUe in Operat￿￿.
The Trustees are responsible for keeping adequate acc(wnting recwds that disclose with reasonabl8 accuracy
at any bme the financial poSit￿n of the charity and enable them to ensure that the accounts company with the
Companies Act 2006. They are also re¥x)nsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Audftor
The auditOfS, Haysmacintyre LLP, will be WOFwd for rwppointmnt in a(￿ordance with sectlon 485 of the
Companies Act 2006.
Dl$clo8ure of Inform•tlon lo auditor
Each of the trustees has confirmed that there is no infonnation of whth they a￿ aware which is relevant to th8
audit but of which the auditor is unwdre. The Trustees have taken all steps that they ought to have taken to
make themselves aware of any rdevant audit informats'on arKI io estsblish that the auditors aro aware of that
inf0m￿tIOn.
In preparing ihis report, ihe trustees have tsken the exeniptM)ns available to srro11 Companies and have not
prepared a strategic report.
The Trust8es' Report was approved ty the Board of Trustees.
MrAlan Gibbs
Trustee
Dated.. 1 Septernber 2021

INDEPENDENT AUDrroR'S REPORT TO THE MEIABERS OF THE JUNIUS S MORGAN BENEVOLENT
FUND
Oplnlon
We have audited thè financial statmnts ol Th• JWUB S MoryJan Ber•volert Fwd frjr thp year ended 31 Oecember 2020
which c¥Jmpriso the Statemerrt of FInar￿la1 A¢￿¥￿e$. the Balan¢e Sheet. the Statement of Cash Flows arxl notes to the
finanaal ststements. includiNJ a sufflmary of $ionrftsnt ￿n{al0 pCI￿e$. The finar￿al roForting fram8wuth that has
bèèn 8pplied in their preparation 1$ applKable law United AcwJntin9 Sl¥ndards, includlt)g Fina￿1&1
Reportirvj Standard 102 The FinarKi& Rewting 8pplcable ￿ lh6 UK and R8putAi¢ d lTrland IUnit•d lfjn9dom
Gen8rally Accepted ACC￿nbrO Pra¢lice).
In our opinion. finarthl statemonts..
9ivg a tru8 and fair vivw of the State of the tharitable compan￿5 affairs as at 31 LJecemb8r 2020 and of the
¢haritable o)mpany's r*t rn￿rnerrt In funds, indu¢thry the KK#)rne exF*nditure, forthe year then ended:
have been pfop•rfy prepargj in acctydarK* with United kn"rwJdom Gen8rally A￿pIed A￿)unI￿nU Prathe., an¢J
have been prepared in acctrdance with the requirell￿ ofthe C￿pari￿ Act 20C6.
Ba$1$ lor oplnk>n
We conductefl our audit in ¥¢tOrd￿Ce *ilh Intfjrri￿ StsndafdB {UKI (ISA8 IUIQ) and appIl￿ble law. Our
r&sponslbililies und81 those 8tsndard8 are further tjewbed ￿ thg ALKJitorfs r8spowtx1￿&s the audit of the ffinancTral
statements section of our rfjp)rt. are indepen¢Jent of ihe charity in ac£YKdance with the ethical requirwnefits Ihal are
relev8nt to ¢)ur authi of the firw)¢ral statemwits in the UK. induthng the FRC'S Elhtsl Standard. and we have fiJlfilled our
othw elhlcal responsbditw In act￿lar￿ wilh those rffjuirernenls. We bthe that lh& audit evidenc* we have obtained
18 sufficiont and 8pproprial8 lo yovNJe a b￿8 for wr oF*rion.
Con¢lu•ions relatlng to golng conc•m
In auditing the finanoal statements. we have CO￿1￿ that thè tr￿,$ u8e of cO￿aM ba￿¥ ol aCuUnti￿ in
Ihe prepara140n of the financial statements is approkywte.
Based on the work we have perfom*d. ￿ hav• not ident1f￿d any m$tw￿ urKertainties relating to events N eMdit￿$
thaL in¢Jividu*ty or c￿1￿*ty. may c88t sonrffjeant doubt (m thè c*arilabkn ￿MpanY'S b ability to continu• •$ o going
ojncem for ¥ period of at lèast ￿e1ve mcth from Il* financ4al Statem￿lS are wjthorised for issue.
Our rn$ponsibi1th5 the re8ponwbrfit￿s of th& dKedors wdh respeci to goiThJ c4)K*m Ire descriw tn the 1818vant
seclion$ ofthi$ report.
Oth•r Infornmtlon
The trust8es ale responsNI e for Ihe other infomiation. The other information compri¥es the rnlormation indud•d in the
Trustees, Annu8Y Report. Our owion ¢)n the f￿r￿101 $t8tements Ikw Th)t ctrler th8 othor infoimalion and. except to the
extent othwwise expliotty ststed in our report. we tx) not express any fomi ofassurarts ¢ondusion thw80n.
In connection with our audit of thè finwal statements. wr reSp)n￿bIlty 1$ to rEad the other infom*tion and, in (lolng 80.
o)nsidor whether the other infomiation is mateiialty incor6É81ent wth the fi￿[￿>81 slatsm￿lS or our knvwladge obtslned in
the audit or othernYi8e appears to be materialty misststed. If we hlentify such material inconsthnues or apparant material
misststem•nt¥, we are requI￿d to delenni￿ t•thelhèr tr*¥e is a mat￿1#1 mis8tatement the finarKaal statemènts or 8
material misstat&menl of th• other infofrnalion. If. bgsed Lyt tt* we h8ve perfomwt, we corrtlLbJe Ihat tharg 1$ a
mat￿181 rnisstatement of this other infmtion. VIE are required lo report that fac* IAè havg nthng to report in thi$ regard.
Oplnlorw oft othor m•tt•rn w•gcrtl)•d trJ7 th• Compan1•• Act 2008
In our op￿lon. b¥sed on Ihe work undertaken in the course of the audit..
thg infoThnation given in tho Trustees. Annual Resy)rt I￿(￿Je8 ihe strategic report and itte dir8dors' rnport
prepared forthe PLKPOSèJ of t>)mpany Lffi¥l frjr th& fttwirAal year for whi(* the ffinandal st8tements are PTepar8d 18
onsistenl with Ihe financ￿1 statements,. and
th8 strategK Teport and the th"rector5' report i￿&￿ed vlilhin the TfU8tees' +4nnual ReFtst have been prepar¥d in
M*tteF¥ on whl¢h w• aro rnwlr•d to rwrt ty ?xc•p
In the light of th¢ knowl*Yge ar￿ uThderstsnding of the dwilth rxffnpany gnd tt8 emircrt djtaned in the cowse of
the audit. w¥ have not *Jenlified materi81 IrHsst8tements in th& Trustees. Annual ReF*)rt.
We havè nothiro to rewt in respect of th• f¢knryng malt8rs in rnktion lo tho c￿arleS Act 20A require8 us to
report to you rf, in our opinion..
adeq￿ accounting record8 have not l>e8n kept by dwilabl8 comwy., or
th¢ (*antable cc¥npany ffinancaal statemnts 80 nol in agreem￿1 ¥wth the accounlirwj re(¥Jrd8 and rolum$,' or
¢ert8in dischjsures of trustees, remuneralion speuffied by law afe ncl made.. LY
we have not re¢ewed all the infornab.on 8nd explanation$ we require for our aL*aiL' or
Ihe trustee8 were not enlilled to prepare ihe ffftarKial 8t*errnnts in gc£ordanc* with th8 sman ttrtnwies. regim8
and take advantage of Ihe small tompJnie8' exemptiom in preparing the trust¢oB' report end from Ihe requirement
to prepare o strotegt repo

INDEPENDENT AUDrroR* REPORT TO THE MEIJBERS OF THE JUNIUS S MORGAN BENEVOLENT
FUND
R￿POrt91b1ltt11I for th• fifi•ne￿I •t•torn•nts
As explained mofe knlty in the tru8te8s' reSt￿S￿)Irt￿ Statem￿ Set fArt on pag8 4. the InMt898 Ivtho are aL80 the dir&Gtor8
of the th8rrtabie company fry the purposes of compary lawl we We8w1b￿ for Ihe preparation of tre finandal statements
and for being satisfied thel they 9i¥e a true and fair view. atml frx swh internal ctM)tr0186 the Iru51as deiemin8
necessary to ￿able the weparation of are froe maknial mi58t8t•ffrt vtheth8r to fraud
or error.
In prepartng ￿ ffinancial statem•nts. the tr￿le￿6 arn respon8ible for assesjing the (*arit8blo ¢>xnpwrf8 atrillty tts contin4
as a golng I)￿cern. disdosing. as *p￿icable. matters related to wng wicem and using the going cLficem basis of
a￿)Unting unless the trusts￿ otther inteTrJ the dwitth cLrfnp￿ or to C¢86e op8ralior*. or havo no realistic
altemalwe to do so.
AudltyV8 rn•pon•lbillll•B forthe I￿111011￿¢ flnan¢W •taknw
Our objectives are lo obtsin reason¥t4e a56urarKe about wlwther Iho financaJ slalemenl$ as 8 vJhde are free frvrn
fflateTial missiatsmenL whether due to fr•Jd or etror. afMI to ￿sue an auditorfs reF*Yt that indudes opini￿. Reasonabl8
gssur8nce is a high levd of a58uranc•, trArt rd not a guar8ntee thal an audrt conduc*ed in accordance vrith ISA$ (UK} wlll
alw8ys detect a material misststement vh*n it exists. Misstalerwrts Can arise from or error and are considerod
material rf, irKli￿d￿¥1IY or in the aggregate, could reoscThbty be exrèded to inftuence tha dectsKms of users
laken on the basis of these finanGig1 stot•mwts.
IrreguL4rilies. inclLMJing fraud, ara instsnces of nor}￿￿¥?11ance laws and regulations. ￿ deswjn W0￿ureS in Ilne wrth
our respon8ibAities, oulined above. to deteex material misslatomwits in fwed of wregukn"tss, induding fraud. The oxler¢l
to which c¥Jr prLKedurns are c4PatAe of I￿r￿•s. irthdng hL¥J is dètallgd bthi:
8889d on our undern*iTh3 of dwi￿ ownp￿Y *KI thg In wtHd) rt QFerales. ￿ ￿ent￿ed that thè prinap81
risks of non-compliance lav45 and regubtions rewd to regulatory r4uiremfjnts of thg Charity CommlssKJn, and w8
cO￿￿red the exienl to which n¢n￿MplI8tXe mpam have a materi81 effed on fina￿￿81 ststements. Wè also
consid8red those law$ 8nd reguSAtIo￿ that a direct the prepwabon of th8 ffinwal stat￿nentS such as the
charit￿ Act 2011. COM￿NIeS Ad 2fX6 arhg the ta¥atw en¥w￿l1￿1.
We evaluated management's opporttnths fty fra￿￿11•￿ ffl8niwLqlKM of the finwal statements [Ind￿j￿ng Ihe rtsk of
oveNkle of o)ntrols). and d¢temiirnd th81 Ihts wirKipal risks were r*•ted to poslirvJ inoppropriate ioum•l entries and
managermnl In estiywtes t4KI J￿1￿M0nts. prctedureB peFbrmed by the engogement team
included..
. Discus5ion$ with M￿ag￿Ment irYthKling o)nsider8bon of known or wsp&*d irotarTh8 of nm-cfjnpliance ￿th laws and
regulalion and fraud.,
. Ev8luating manageTwrfs ¢wtriAs ¢J•swJned to and detxt irreg￿lI1ets,'
Identfyir@ and testing ioumals, In particwlar joumal entrw F¥)stsd unusual •>))urtt combinatiorts. po8llng8 by
unusual u8efS or wtth unusual de8uiplions: aNI
. Choltenslng assumptio￿ nwde by m￿ageme￿ in t￿1r uthc81 oCC(rtmting eBtimal8s.
A further d￿CrIption of our resporritslrtm for thts audit of th• fmarKial statements 18 I￿ted on the Finanaal Repth'ng
Counal's website at ￿K￿.frG.or
.ukl
On51￿11t*es. Thi5 dewption fr)rns part of our auditorf8 ￿port.
Uso of our r•port
This report is made soldy to Ihe (tharitsbltt oxnparty'$ men*ers, as a tmty. in acOXdan￿ with Chaptsr 3 of P8rt 16 of th
Companies Act 2CJ)6. Our audil wort h88 bgen UFvJ8rtaken $0 that wa might Stste to the d￿ritable companY$ membors
IPK)se mattèrs we are requir&J to slate lo them in an Audilorfs rewrt and for no otlw purpose. To the fvliest exl¥nt
pe￿itted by law. we do not a¢cept or ossumg to 8nythw other Ihan th8 charitablg ￿MpanY and the
d￿ritabh compèrf¥ rnembers as 8 bjdy. for our wditwork. for this ￿pOrt. orfor the OFIn￿n¥ we have fom)ed.
Stevon Haw (Senior sta￿ Authts)
For and on behalf of Haysmacintyre LLP. Ststu1￿
Date.. 28 September 2021
10 Quaen Street Plar
Lond
EC4R 1AG

THE JUNIUS S MORGAN BENEVOLENT FUND
STATEMENT OF FINANCIAL ACTMTIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2020
2020
2019
INCOME
Donations and legacies
Investments
306,577
102,522
314,353
103.570
Total Income
409,099
417,923
EXPENDrruRE
Charitable expenditure
488,315
325.949
Totsl oxpgndlture
488.315
325,949
Net incomel(exp8ndlturnl b￿or8 Invo8lTn•nt (lossesvgalns
(79,2161
91,974
Gainl{lossl on investr￿nts
218,851
512.840
Not in¢om• and movom•nt In funds
139.635
604.814
Fund balances at 1 January 2020
3,639.334
3,034.520
Fund balanu8 at 31 Do¢•M￿r 2020
3,778,969
3,639,334
The statement of financial a¢tNbties also complies with the Nuirefftnts for an income and expendilu
account under the Companies h£t 2006.
The accompanying accounting policies and notes on pages 10 to 15 forn an integral part of these financial
statements

THE JUNIUS S MORGAN BENEVOLEKf FUND
COMPANY NUMBER: 06585087
BALANCE SHEET
AS AT 31 DECEMBER 2020
2020
2019
FIXED ASSErs
Investments
10
3.741,031
3,522.>S3
CURRENT ASSETS
Debtors
Cash at bank and in hand
24.264
43,952
24.265
126,139
68.216
150.404
Crèdltorn: amounts falllng due within
one year
Other creditors
12
30,278
34.033
Nel current assels
37.938
116.371
Total net assets
3.778,969
3,639,334
INCOME FUNDS
Unrestricted fvnds
3.778,969
3,639,334
3.778,969
3,639,334
The financial statements were approved by the Trustees and auknised for issue on 1 September 2021 and
are signed on their behalf by
Mr Man Gibbs
Trustee
The accompanying accounting poliaes and notes on pages 10 to 15 fomi an integral part of these financial
statements

THE JUNIUS S MORGAN 8ENEVOLEpif FUND
STATEMENT OF CASH FLOWS
FOR THE YUR ENDED 31 DECEMBER 2020
2020
2019
Cash Ilo*• from operatlng actlvitlè•
Cash ab50rted by operations
14
1185,493)
{9,3581
Investlng a¢tfviti08
Oividends and interest receNed from
Investments
Investment additions
Investment disposals
102,522
103,570
Net cash 9onOf•tsd from inv￿t1Th9 •¢tlvltles
103,306
103,570
Net Incr•a¥•l(d•cr••8•) in ca¥h and ca•h
equivalents
(82,187)
94.212
Cash •nd c•8h •quivalents at beglnfilng of yoar
126.139
31.927
Cash and cash equNalents at the end of year
15
43.952
I￿,139

THE JUNIUS S MORGAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDEO 31 DECEMBER 2020
ACCOUNTING POUCIES
Company Infomutlon
The Trust is a company limiied by guarantee registered in EngLqnd and Wa￿. The members of the
company are the Trustees named on page 1. In the event of the chanty being wound up, the liability in
respect of the guarantee is limited to £1 per rnember of the charty.
The principal accounting FX)licies adopted, judgements and key sources of ests'mation uncertainty In the
preparation of the financial st*ements are as follows..
Accountlng Convantlon
These accounts have been p￿pared in a￿ordanCe wilh FRS 102 'The Finanual RepO￿"ng Standard
applicable in the UK and Republic of Ireland" l°FRS 102.1. "Accounling and Rep)￿ng by Charities. the
Statement of Recommended Practtt for charrties apptying FRS 102 {SORP 20151 {Second Edition.
effective 1 January 2019) and the Companies Act 21)06. The charity is a Public Benefit Entity as
defined by FRS 102.
Assets and liabilities a￿ inilTralty recognised al historical Cost or transath'on value unless otherwise
stated in the relevant policy note.
Golng ¢onc•rn
The trustees ¢onsider there are no material uncertainlies about the charity's ability to continue as at a
going concem. The review of our finanaal ￿$((KIn, reserve levels and future plans gives Trustees
confidence the Charity remains a going concern for the foreseeab￿ fubjre.
Charltsble fvnds
Grants are included in the financial stste￿nts when approved by Trustees and notified to recipients.
The value of commrtled grants unpaKI at the year end ts accrued. Grants offered that are subject to
conditions that have nol been at the year end are not￿ as a commthnt but not accrued as
expenditure.
1A
In¢orno
tlonatlons and gffts
Donations and gifts are included in the accounts in the year in whth they are receiv8bl8.
Investment Income
Investrrent incomo 1$ accounted for on an awuals basis in the period to which it relates.
Exp•ndltur•
Managemenl and admlnl¥tralJon
Management and administration costs Comprise those costs inwrrod in running the charity. They have
been apportioned on the basis of time spent be￿￿n Charitab￿ activi￿$, cost of raising funds and
governance eosts.
Governance
Governance costs consist of those costs asswated with the overall running of the Charity and meeting
statutory and ragulatory requirements.
Cash and cash •qulvalents
Cash and cash equivalents include cash in hand. deF4)sits hekl at call with banks, other 5hort-term
liquid investments with ormjinal ffraturities of three monlhs or *s.
10

THE JUNIUS S MORGAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEAIENTS ICONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2020
AccouKfiNG POLICIES l¢ontInu￿
Debtorn
Trade and other debtors are recc*3nised at the settlement arnount due after any tr&Je ¢Yi$¢ount offered.
Prepayments are valued at the amount prepah1 nel of any trade discounts due.
Credltorn and provlslons
CreditOTS and provisions are recc*Jnised where the charity has a wesent obligation resulting from
past event that will probably result in the transfer of fvnds to a third paty and tt)e amounl due lo settle
the oblwation can t* measured or esb"mated relbaw.
Flnanclal Instruments
The charity only has financial assets financial liabilrties that qualffty as basic financial instruments.
Basic financial instruments are inrtialty recognised at transaction value and subsequently measured al
their settl&ment value.
1.10 Invostments
Fixed assets investments represent listed investments which are ststed at market valuatlon, where
market value ￿pre$ertts the bid value on the fast trading day before the year end. Any unrealised or
realised gains arising from Investr￿nts are accountsd for in the Staten￿t of Financial Activities.
1.11 Judgements and estlrnales
In preparing these h'nancial statements. tr¢e Trustees have made judgements, estimates and
assumplions that affect the application of the charities accounting pOI￿leS and the reported assets,
liabllities, income and expenditure and the discbsures made in the financial stat•ments. Estimates
and judgements are continually evaluated and are based on historical experience and other factors.
including exFectstions of future events that are telieved to be reasonable under thè circumstances.
The Trustees do not believe there are any signfficant areas of ests'mate or judgement wlthin these
financial statements.
Donatlon8 and legaclos
2020
2019
Grant from The Burdett Trust for Nursjng
Other donation$
3CN),000
6.577
300.000
14,353
306,S77
314.353
Inveslments
2020
2019
Income from listed investments
102.522
103,570
102,522
103.570

THE JUNIUS S MORGAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Charltable acUvllle•
2020
2019
Grant funding of &tivitses (see note 5)
412,080
250,414
Support costs (see note 61
Govemance costs (see noto 61
72.515
3.720
70,565
4.970
488.315
325.949
Grants payabl•
2020
2019
Grants to individuals 549 grants {2019. 208 grants)
412,080
2SO.414
Support coots
Support GovernaTr
2020
2020:
General adminiStrath￿ costs
Sundry expenses
Consultsncy fees
Audit fe85
63.000
8.572
63,000
8,572
943
3.720
3.720
72.515
3.720
76,235
s￿pOrt Governance
Costs
Costs
2019
2019:
General adminiStrat￿n costs
Sundry expenses
Consultancy fees
Audit fees
57,013
13.347
205
57.013
13.347
205
4.970
4,970
70.565
4.970
75,535
Tru8tèe8
None of the Trustees (or any persons connected tI￿nI receNed any remuneration or benefits
from the charity during the year.
12

THE JUNIUS S MORGAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED
FOR ThE YEAR ENDED 31 DECEMBER 2020
Employo
Thère were no ern￿OyeeS during the year {nil in 20191.
Net galnsl11￿8è1j on Inv•strMnts
2020
2019
Unrealised gains and losses on invest￿nts
Realised gains arKI losses on InVestn￿nts
218,851
512,840
Revaluation of investff£nts
218,897
512.840
10.
Flxod a8SOt Invutments
Ll8ted
Inv•stmént8
Valuatlon
At 31 December 2019
Unrealised gain in the year
Disposals
3.522,963
218,851
{783)
At 31 De*mber 2020
3,741,031
2020
2019
Historic cost of investments
2.235.366
2,235.366
11.
Debtors: amounts falling due wlthln one year
2020
2019
Investrnent income accrued
24.264
24,265
24.264
24,265
13

THE JUNIUS S MORGAN BENEVOLEpif FUND
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2020
12.
Crodllor•: amounts falllng due wlthln ong yoar
2020
2019
General administrat￿n costs
Audit fees
27.278
3,000
30,013
4,020
30,278
34,033
Reconclllatlon of grant credltor
2020
2019
Opening grant creditor
GTants aulhotised in the year
Grants paid in the year
412,080
(412,080)
250,414
1250,414)
13.
Rolatod party ir¥nsa¢llons
The charity is controlled by the Burdett Trust for Nursing. an in￿rp[￿ated charity. Grants from the
Burdett Trust for Nursing are di5clos&d ￿ note 2.
During the year. Ralhbone Trust Compary Limited acted as company secretary for the charity. Fees of
£63.¢)00 12019.. £57.013) were payable lo Rathbone Twst Company Limited for secretarial and
administratK)n servus. Al the year end £27.000131 December 2019 - £30,013) was due to Ralhbone
Trust Company Limited.
14.
Cash u8¢d In opefatlon$
2020
2019
Surpluslldeficrtl for the year
139,635
604.814
Adjustmènts for.
Investment ina)me recognised in the Statement of
financial aclNities
Unrealised IgainlAoss on investments
(Increaselldecrease in debtors
Increa5elldecrease) in credrtors
1102.522)
{103.5701
(218,8511
(512,8401
18251
3.063
{3,7551
Ca•h u•od In oper•tlon•
(185,4931
{9,3581
14

THE JUNIUS S MORGAN BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMEpifs (COlrnNUED)
FOR THE YEAR ENDED 31 DECEIABER 2020
Cash and cash aqulvalonts
2020
2019
Cash at bank and in hand
43,952
126,139
Anatysh of changos In not funds
1 January
2020
Cash410￿ 31 December
2020
Cash at bank and in har#d
126,139
(82,187)
43,952
126.139
(82,817)
43,952
15