THE SAM MORLEY CHARITABLE TRusr
Regis¢ered Charity No: 1142185
ACCOUNTS FOR THE YEAR EIYDED
31ST MARCH 2024
Benjamin Clow4s Ltd. Ptrston Court. Preston-on-Wy4 HerefoTdshire. HR2 9JU

THE SAM MORLEY CHARITAIILE TRUST
ANNLAL REPORT
For the Year Ended 31 ' Mar¢h 2024
The Truslees presenl their report along wilh the financial 5tal¢ments of the Charity for the
year ended 31. March 2024. The Charity is a small unincorporated trust fund and
prepares its accounls on a receipts and payments basis.
Constitution and Or
anisation
The Sdm Morley Charitsble Trust was crealed by The Adminislrdtors of ihe Esthie of ihe
Late Samucl Anthony Morley by a trust deed dated 15, March 2011. 11 is regislered as a
Charity under regisiered number 1142185.
The present Trustees of the Trust are Mr A M and Mrs A B Morley, both of Castle Weir,
Lyonshall. KingFlon, Herefordshire, FIR5 3HR. Mr E G Morley of The Orchard. Main
Street, L.itton Cheney, Dorchester, DT2 9AP and Mr H B B Clowes of Presion CourL
Preslon-on-wye. Hereford. HR2 9JU. The p)wer to appoint new Trustees is vested in the
surviving or continuing Trustees.
The powers of the Trustees including their investrnent powers are governed by the Iru5t
deed and general law.
Other general inforn)ation concerning the Charity is as follows:
Solicitors..
Charles Russell Speechlys LLP, Compass House. Lypiatt Road, Cheltenham, GL50 2QJ.
Bankers..
HSBC Plc, l Broad Street, Leominster. Hereford5hire, HR6 7BU.
Stockbrokers:
J M Finn, 25 Copthall Avenue, London, EC2R 7AH
Independent Examiner-
E J Newnham ACMA of Newnham & Son Ltd, School Master's House, 39 College
Streel, Pelersfield. GU314AG

Charitable Ob ects
The trust shall pay or apply the annual income of the trust fund to such charity or
¢hariti¢s or for such charitable purposes as the Trustees shall, from time to tim¢, in their
absolute discretion ddemine.
Summa
em8
Cliarit¥ble Activities in the Yea
As the objects of the Charity are not linked to any specific areas of ¢h8ritsble 8Ctivity. the
Trnslets receive many applications for donations. They review the applications received
during the ye2r and make their donation&
During the year under review, they made ITKome donations totalling £39,500. Donations
wew made to registeth charities in the United Kingdom.
or
At the annual trustces meeting on the 21 July 2018, it was decid¢d to transfer 3.250/0 of
of
thc value of funds held ai J M Finn &8 at the 31 March from JM Finn (rounded down to
the nearest £IOOO) every year subsequent 10 ihe end of the accounling year to the14SBC
Current Account to meet the annual running Wsts and ￿ fund the donalions to registered
UK Charities.
The Income ¥nd Capiial ac¢ounts have been merged.
The Trustees confim that they have referreA to the guid&nc¢ contsined in the Charity
Commi&sion's general guidance on public benefit when reviewing the Charity's aims and
in Setting the gifting policy for th¢ year.
Investments
The Trustees have the authority to invest the funds of the Ch8rity in a wide range of
inve5¢ments for the furtherance of the objects of the Charity.
Financial Revi¢w and Review of Atlivities
The assets of the Charity compTiSe quoted investments. which had a market value on the
Balance Shcet date of £1.311.185 and cash of £31,346. The investments are reviewed
¢very three month4 at ihe erkd of June, Sept¢mber, December, and March, and in the year
to March 2024. the overall portfolio increased by ￿prOXIma￿lY 7.94%. Th¢ Tr￿tees,
investment objectiv¢ is now to achieve an overall rcturn.

R¢s¢rv
Poli
Ther¢ is no longer a reserves policy.
Mana
em
The Tnjstees have as$¢￿ed the major risks to which the Charity is exposed, in particular
those related to the safeguarding of the financial a￿ets of tlLe Cbarity. and are satisfied
that systems 8Te in pla* lo mitigatr their ex￿sure lo the major risks.
om
ith Accountin
St ndards
The fllwi¢iaJ statements have been prepared in accordance with the Statements of
Recomrnended Pra¢tice,"Accounting by Chariti¢5-, and Current statutory Jtquirements,
The At￿Uat Report and A￿Unts hav¢ E¢en approvol by the Trustccs and are sign¢d by
Mr Andrew Mark Morley
Mrs Antoinette Bar
Morley
Mr Edward Giles Morley
Mr Hcnry Benjamin Beaufoy Clowes
Dated this
day of
2024

8th October 2024
INDEPENDENT EXAMINER'S REPORTTO THE
TRUSTEES OF THE SAM MORLEY CHARITABLE TRUST
Charity nurnber 1142185
I report on thè Receipts and PaymentsAccount and the Statement of Assets and Liabilities of the Trust for
the year ended 31ST March 2024.
Respertlve iesponslbilities of the trustees and the examiner
The charitys tnjstees are respon5ibleforthe preparation of the attounts.
The charity's trustees consider ihat an audit is not required forthis year urKler section 144{21
ofthe Charities Act 2011 and that an indepwtht exwryFkltson is needed.
It Is ry respcx)sibility to..
examine the accounts under section 14S of the 2011 A¢
to follow the pr¢xedures laid down in the general Directims given byihe Charity
Commission lunder section 14515)Ib) of the 201 I Art, and
to state whether portiojlar maiters ha¥E co￿ to my attention.
Basls of Independ•nt •￿MIn*r.5 report
My examinationwas caNied out in accordance with General Directions given bythecharity Commission. An
examination includes a reviewof the accountirKJ records kept by the charity and a coryarison of the
accounts presented with t￿e records. It also includes Cor￿lderatI￿ ofany unusual item5 or disclosures in
the accounts, and seekir4J explanations from the trustees ¢orKeming anysuch matters. The procedures
urKlertakendo not provide all the ewdence thatwould be required in an audit and consequently no opinion
is given as to whether the accounts present a 'true a￿1 fairf. view and the report is limited to those matters
set out in the statement
below.
Ind•pendent examlner's statement
In connection with my examination, no matter has co￿*t0 my attention
which gives me reasonable cause to believe that in, ary nN3terial respe¢ the
requirements:
to keep proper accwnting records in accordarKewth secticfft 130 of the 2011 Act,"
and
to prepare accounts which accord wth theaccountingrecord5 and complywiththe accounting
require￿￿nts ofthe 2011 Act have not been met". or
2. to which in my opinion, attention should be dmvn in orderto enable a proper
understanding of the accounts to be reached.
E J Ne%￿haM ACMA
Newnham & Son Ltd
School Masterfs House
39 College Street
Petersfield
Hampshire GU314AG

SAM MORLEY CHARITABLE TRUST
STATF,MENT OF ASSEI'S AND LL4BILrrtES
FOR THE YEAR ENDED 31sf IMARCH 2024
NON-MONF.TARY Asswrs
2024
2023
Quoted Invesiments Al Cost
(Market Value £1,311.185 at 31.3.2024)
841,284.45
829,937.53
NETARY ASSET
. Bank & Stwkbrokers Client Al¢
31
45.6
56 720.36
TFUN
72 630.1
886 657.

SAM MORLEY CHARITABLE TRUST
RECEIPTS AND PAYMENTS AccobNr
FOR THE YEAR ENDED 31sf MARCH 2024
2024
2023
Income from Quoted Investments
22,778.33
22,400.89
Gift-aid Donations
2,0(Xl.00
12,(NJO.00
Tax Relief on Gift-aid Donations
3.IX)O.(K)
18.750.00
27.778.33
53,150.89
Net realisalion of inve5tmcnts
IOOJ39.59
143,365.84
TOTAL RECEI
128.117.92
196,516.73
DIRECT CHARITABLE EXPENDITURE
Payments to Charitable Org8ni$81ii
39,500.00
37,500.00
THER
DITU
Professional Fees
3.090.00
2.868.Crf)
Inveslment Management Charges
6,025.22
6,048.52
Net acquisition of investments
104,877.38
123,462.02
TOTAL PA YMEN'rs
153,4Y2.60
169,878.54
Net Payments for th¢ Year
-25,374.68
26,638.19
Bank Balanccs on l April 2023
56.720.36
30.082.17
Bank Ba18nces on 31° March 2024
31.345.68
56.720.36