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 Tr￿le¢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 sp￿hlYs 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 A￿oUnt to mee¢ the anTtual njnning costs and to fvnd the donations to registered
UK Charilie5.
The Income and Capithl accounts have b￿n 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 p￿tiCe, "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 theS￿leMent0[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 COns￿erthat0n a￿lf( 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 seCt￿n 145 of the201 l ACL
to l01h￿the 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
ex￿in1t10rn 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 pro￿de 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 re￿r￿S 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 A￿D 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
B1￿k Balances on l Awil 2024
31,345.68
56.720.36
Bank Balanc48 on 31° March 2025
33253.34
31345.68