THE SAM MORLEY CHARITABLE TRUST Regtstered Charity No: 1142185 ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Benjamin Clowes Ltd. Pruton Court, Prestonthon-wye, Herefordshir4 HR2 9JU
THE SAM MORLEY CHARITABL UST AYNUAL REPORT For the Year Ended 3111 Marcb 2025 The 1 rusiees present their report along with the financial statements of the Charity for the year ended 31 March 2025. The Charity is a small unin¢orporated trus¢ fund and prepares its Rccounts on a receipts and payments basis. ConstitutjOD and O anis4tlOD The Sam Morley Charitsble Trust was Created by The Administt7tors of the Estatc of th¢ Late Samuel Anthony Morley by a trust deed dated 15 March 2011. It is registered as a Charity under regislera number 1142185. The preseni Trle¢S of the Trusi are Mr A M and Mrs A B Morley, both of C&s¢l¢ Weir, Lyonshall, Kingtoft, Hercfordshir¢. HR5 3HR, Mr E G Morley of The Orthard. Main Sireel, Litlon Cheney. Dorchesl¢r, DT2 9AP and Mr H B B Clowes ofpr¢ston Cou Preston-on-Wy¢. Hereford, HR2 9JU. The power to apwint new Trust is v¢5ted in the surviving or continuing Trustees. The powers of the Trustees including their investment werS governed by the trust deed and general law. Other general information concerning the Charity is as follows: Solicitors: Charles Russell sphlYs LLP, Compass Hous¢, Lypiatt Road. Cheltenham, GL50 2QJ. Bankers.. HSBC Plc, l Broad Strerf Leominster. Herefordshir4 HR6 7BU. Stockbrokers.. J M Finn, 25 Copthall Avenue, London. EC2R 7AH Independent Examiner". E J Newnham ACMA of Newnham & Son Ltd, Sthool Master's Hous4 39 Colleg¢ Street, Petersfield. GU314AG
haritsbk Ob'e¢ts The trust shall pay or apply the annual income of the tTUSt fund to such charity or charities or for such charitabl¢ purposes &8 the Trnstees shall, from time to time. in their absolute discretion detemiine. Summa ofl e Main ri ble Activities in tbe Year As the objects of the Charity are not link io any specifi¢ areas of ¢haritable aclivity, th¢ Trustees receive many applications for donations. They VIeW the applications received durin8 the year and make their donations. During the year under review. they made in)Me donalions totslling £41,(((i. Donations were made to regis*red charities in the United Kingdom. At the annual trustees meeting on the 21 July 2018, it was decided to transfrr 3.25% of
of
Jior the value of funds held at J M Finn as at the 31 March from JM Finn (rounded down to Ihe nearest £IOOO) every year subsequent to the end of the 8ccounting year to the HSBC Curreni AoUnt to mee¢ the anTtual njnning costs and to fvnd the donations to registered UK Charilie5. The Income and Capithl accounts have bn merg¢d. The Trustees confirni that they have referred to the guidance contained in the Charily Commission's general guidance on public benefit when reviewing the Charity's aims and in selting th¢ gifiing policy for the y&8r. Investments The Trust¢¢5 have th¢ Authority to inv&8t the funds of the Charity in a wid¢ range of investhients for the fvrthcrance of th¢ objects of the Clwity. Finan¢ial Reyiew 8lld Review of Attivil. The ass¢ts of th¢ Charity comprise quoted investsnents. which had a market value on the Balance Sheet date of £1.355,739 and of £33.253. The investments ur¢ revi¢wed every three months, at the end of June, Septcmber, Dxembcr. and Morch, and in the year to Mawh 2025, the overdll portfolio incre&8d by approximately 3.27%. The Trustees, investsnent objective is now to achieve an overall rebjrn.
ReserY&8 Pol" There is no longer a reserves policy. Risk Mana ment The Trustees have a&sessed the major risks to whi¢h the Charity is expos&J, in particular those related to the safeguarding of the fin8n¢ial assets of the Charity. and are satisfied that systems ar¢ in place to mitigale their exposure to the major risks. Com liance witb AccouDtiD St4nd*nls The financial ststements have been prepared in accordance with the Statements of Recommended ptiCe, "Aexounting by Charities", and current stgtuiory requirements. The Annual Report and Acci)unts have been approv by the Twstees and are signed by Mr Andrew Mark Morley Mrs Antoinette B Morley Mr Edward Giles Morley Mr Henry Benjamin Beaufoy Clowes Dated this day of 2025
September 2025 INDEPENDENT EXAMINER'S REPORTTOTHE TRUSTEES OFTHE SAM kK)RLEY CHARITABLE TRU Charlty numb•r 1142185 I report on the Rec•ptsaThJ PaymentsAccount and theSleMent0[AssétsaThl Liabiliknes of théTrust for theyear ended 315T Mwch 2025. R•spe¢tl¥e r•%ponslbiliti•s of tnBtee5 •nd th• •x•rnln•r The charitys trustees a responsible fortheprep¥atKJn 0fthe((mjnts. Thecharity's tlU5tees COnserthat0n alf( is not required forthisyear under sKtion 144(21 ofthecharities Act2011 and thatan indefftnt examination is needed. 11 is my responsibiltty to.. eKarnine the accounts under seCtn 145 of the201 l ACL to l01hthe procedureslaKI down in thegeneralDirK¢ions9Nen bythechallty Commission lunder settion 1451Sllbl of the 2011 A¢ and to state whetherparticutsr matter5 havecome to myal¢ention. sl$ •f Ind•p•ndent ex•rnlnerf> report MyexaminatK*nwas carried outin COldarKeWllh General Dire(tionsgNen bythecharity Commi5sion.An exin1t10rn includes a rwewof the accountiry records kept bythe charity and a comparison of the accountspresented withthose record& It also inchjdes consideraiion of ènyunusualitsms ordisclosures in theaccounts, and seeking explanations from the Iwstees concerning anysuch mattèrs. The procedures undertaken do not prode alltheevidencethat44ould be required in an audiL and con5ewentty no opinion 15 given as to whether theaccounls present a'true and lairf'viÉw and the report is limited to those matters setout in the ststement bebw. Indep•nd•nt •x•mln•rfs It•l•m•nt In connectionwith myexarninatK)r4 no matter hascome to myattentioTr which gNes reasonableuuse to beli thai In, any material respe¢ the requirements.. to keep proper Kcounting records in accordance with settion 130 of the 2011 A¢ and to prepare accounts which xcoTd with the&couniing rerS and complywith the accounting requirements ol the 2011 Act have t been met.'or 2. towhKN in my0pinio atteThiN $vkI rawn1n orderto enable a proper understan(ling ofthe ¥countsto be reached. E J Newnharn ACMA Newnham & Son Ltd School Masterfs House 39 College Sireet Peter5field Hampshire GU314AG
SAM MORLEY CHARITABLE TRUST STATEMFNT OF ASSETS AND LIABILITILS FOR THE YEAR kTrlDkD 31sf MARCH 2025 NON-MONE ASS 2025 2024 Quoted Investments at C4)st (Market Value £1,355,739 at 31.32025) 924,561.51 841284.45 MONETARY ssErs BRnk & Stockbrokers Client Al¢ 45. TOTAI TFUN .13
SAM MORLEY CIIARITABLE TRUST RECEIPTS AD PAYMENTS ACCOUNT FOR THE YEAR ENDTr.D 31sf MARCH 2025 2025 2024 Income from Quoted Investments 24244.04 22,778.33 Gift-aid Donations 2.O¢XI. 2,000.00 Gift of Shares 79.887.50 TAX Relief on Gift-aid Donations s.( 3,000.00 106,631.54 27,778.33 Net realisation of investments 90,243.61 100,339.59 196,875.15 128,117.92 IRECT CItARITABLE EXPENDITURE Payments to Charitable Organiwions 41,0(M).(K) 39,500.00 OTHER EXPENDI Professional Fees 3210.¢XI 3.090.00 Investment M8n8gem¢ni Ch8Tg 6.695.19 6,025.22 Net wuisition of investhients 144.062.30 104.877.38 TOTAL PAYMENTS 194,967.49 153,492.60 Nel Receipts for the Year 1.907.66 -25,374.68 B1k Balances on l Awil 2024 31,345.68 56.720.36 Bank Balanc48 on 31° March 2025 33253.34 31345.68