ReglBt•red number. 07334198
Charity number. 1144833
MORGAN CLARK FOUNDATION
(A company Ilmlted by guarantse)
UNAUDrrED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

MORGAN CLARK FOUNDATION
(A company Ilmlted by guarnntse)
CONTENTS
Pag•
Reference and admlntstrallve detalkn of the Charlty, its Trustee9 and advisarn
Trustee8' report
Independant •xaminefs report
Ststsment of financlal activttles
Balanco sheet
Notes to tho flnanclal statements
9-20

ORGAN CLARK FOUNDATION
(A company limltsd by guarantse)
REFERENCE AND ADMINISTrATIVE DEfAILS OF THE CHARrrY. rrs TRUSTEES ANDADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Mrs G Morgan
Mr P N Morgan
Company reglstered
number
07334198
Charlty reglstsred
number
1144833
Reglstered offke
Unit 18 Old Parf( Farm
Ford End
Chetrnsford
CM3 1LN
Accountsnts
Shw G￿1 bs {Audit) Limitod
Wey C￿rt West
Union Road
Farnham
Surrey
GU9 7PT
Pag6 1

AIORGAN CLARK FOUNDATION
(A company Ilmltad by guarante8)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 20
The Tnjstees present thelr annual report logether wlth the financial Statements of the Charity for the 1
September 2023 to 31 August 2024. The Annual report $erve8 the PU￿ of both a Trustees, report and
directors, rnport urKler company law. Tr Trustees confirm that the Annual report and financial 8tat8ments of the
charltable company comply with the Current statutory requirements, the requlrements of th8 charrtablo companls
goveming document and the provisions of the Statement of Recommended PractKe (SORP) appllcable to
chartties preparfng their accounts in accorthnce with the FinancRI Reporttng Standard appl￿ble In the UK and
Republfc of Ireland (FRS102) (effecti￿ 1 Janwy 2019).
SSnc8 the Charlty qualifies as small under S￿lI0n 382 of the Companle8 Act 2006. the Strateglc report requlred
of medlum and large cornpanies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omltted.
ObJ•ctfvo8 and actlvftle8
• Pollclm and obJ•th
Tha CharW8 obJac18 are:
- To advance the educatk>n of the publlc kn the RebublEc of tho Gambla othor d•v•loplng countrfe•, In
parttcular in the North Bank region of the Gambla, through provldlng, malntalnlng and aquipplng the local
communlty wlth mateth and f8c111ts8, amurlng that th• 8latuW oblKJatKin ol any k¢al 8latutory authorty are
not relieved.
. Such charttable purpose8, for ts benefit of the publlc in tho Repubk of the Gambia and other developlng
counlrles, in particular in the North Bank reglon of the Gamb￿, as are excluslvety charilable accordlng lo the
laws of England and Wales as Ihe Trustees may from time to time determine.
In Settlng obJecllve8 and pknnlng for TfU8tee8 hava 91%￿ due con81deratlon to general guldance
published by ts Charlty c￿￿MiSSIon to public benefi( Including the guidanc• 'Publlc benefiL' runnlng
ctwity (PB2)'.
Achlovem•nts and p•rfomMn
• Maln a¢hlov•m•nts of th• Charlty
The Chority has provthl funds for the maSntenance and pneral rnnning of LMr Basic School and Ihe
Nur8ery in Jaiiari, North Bank Region, Gambi&
In addition to maintainlng the school and nursery the Charity has buTri a trainry centre wth acc¢mmodatlon
adjacent to the school called Morgan Kunda Training Cth.
The centre provldes tralnlng for youths and adulis In TOurI￿n. Mldwlfery. Talk>rfng, and Agriculture. The centre18
run by Morgan Kunda Ltd. a registered Gamibian company. All the staff at Morgan Kunda Training Centre arKI
the Nursery are employ￿ ty Morgan K￿KIa Ltd.
Page 2

IAORGAN CLARK FOUNDATION
(A company Ilmttod by guar4nts•)
TRUSTEES. REPORT (CONTINUED>
FOR THE YEAR ENDED 31 AUGUST 2024
Flnanclal rnvl
• Golng conurn
Aftor maklng approwiate enquiri￿. the Truthes ￿ a reasonabb expectstion that the Charfty h88 adequate
re50urce8 to conlinue in operational eX￿nCe for the fore8eeabl6 future. For this reason, they continue to adopt
tho golng concern ba818 in prepaty th• financkl Bt8tthn￿ts.
• Raervas pollcy
The full detallad fbure8 for the flnanchl acMi88 In the y8w are sIKP￿ In tho accounts. The Charty8 net Income
for the year IS £10,868 (2tr23: rnt aXPon8e £8,780).
The Chardy has unrntrthd fund• carr￿d foThvard of £70,561 (2023: £59,683).
8tructUrn• gov•rnanc• and manag•m•nt
• Congtftutlon
organ Clark FourKlatlon 18 regl8tered ￿ a charltth company Ilm1￿1 by guarantso and was 88t up by a
Constllutlon.
• Mothod8 of appolntm•nt or 81oCtlon ol Tru•te
The method8, polkle8 and proc•aureJ for recruitrnwrt ap￿ther￿, iTr3uctlon and training of Trustees are
In accordance wlht the con8titullon. Th• dlrectOT8 may at any IlTh appolnt ary Indivldual 18 ellglble a8 a
dlrector to fil] a vacancy a8 an additlonal Trust
M•mborn' Ilablllty
Tha Members of the Charity guarantaa to contrknute an tdn(yJnt n(* excaedlng £1 to the as8ets of the Charfty In
the event ol winding up.
Small company provlslon8
This report has been prepared wi accordance wtth the special provBion8 relating to companies subject to the
8mall companies regime within Part 15 of Companle8 Act 2006.

OROAM CLARK FOUNDATION
(A Mmpany Ilmltsd by guarants•)
TRU3TEES' REPORT IcoiillNUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Th8 Trustse8 (who are al80 Ih? threrknrs of the Charty for the pUrp￿S of o)mpany law) are re8ponsille for
preparlng tha Tn￿leas. report ￿ the financlal statement8 in acrnrdance wilh appll¢8blo ITh and Untted
lfjngdom Accounllng Slandards (Uniled Klngdom Generafy Accepted A¢￿un11ng Practlce).
Company law requlre8 the TrusleeB lo prep8re fin8nd81 ststements for each finandal . Under Company law. the
Tntstses mu8t not opprove the fmnclal slaternents unless they are salisfied that they glve a Irue and falr v18w of
th8 stst8 of affth of the Charfty and of Its Incomlng resourrm arKI 8ppltcallon of resour￿. Includthg Its Inc4)me
and expendllurè. forthat P8Tlod. In prep8th￿ th888 Ilnancial stalemerts, the TNstses arg requtred to:
selecl sultable aca>untlng poltdes and apply them conststenty,
obsem the methtxls and prfn¢iths ofthe Charities SORP {FRS 102):
make ludgmenls and accounllng esymates that are rea80ftable arKI pwdent.
State whether appUr4bh UK A¢o)uMing Standarth (FRS 102) have bgon folhThpd. subJe(alo arty materfal
departures dlsclosed and explalned In Ihe frnfial slatgment8:
prepare the tlnandd statements on the golng ¢Mcan unles8 il Is Inapwoptiate to pre6ume thal the
ChaTIty wll contlnue In buslne85.
The Trusteas are re$ponslbl? for keeplng adequate a￿)UntIng records that are guffldent to SIMM and explatn
the Charfvs tran¥adEong and di¥clw wlth reasonabl? acpJTrGy * any Ilme thg thania81 posluon ot the Charrty
and enable them to enBure that the Ilnanclal stalements corn￿ wllh the Companles A(* 2008. They are al80
responsibl8 for 8afeguardlng the a88ets of the Charity and han￿ for lakng reasonabla staps for thg prevenllon
AppToved by orfer ￿the memb8rs ofthe board ofTni8t898 and tholr behalf by.
Mr8GMorgan G
Trustee
Mr P N IAoryan
Trusteè
Dalo:
2f.<.ztsZ
Page 4

MORGAN CLARK FOUNDATION
(A company limited by guarnnts•>
INDEPENDENT EXAMINEifs REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Indopondont examlnerfs report to the Trustees of Moryan Clark Foundatlon (Yhe Charlty.)
I report to the charlty Trusteas on my examlnatlon of the xcounts of tha Charty for tha yaar ended 31 August
2024.
Responsibilities and basis of rnport
As the Trustees of the Charty (and ts directors for the purposes of company law) you are responsfDle for the
preparation of the accounts in accordance ¥Mth the requirements of the Companies Act 2006 (Iha 2006 AcV}.
Having satisfied myself that the accounts of the Charty are not required to be audited under Part 16 of the 2006
Act and are eligible for indapendant 6￿MInatIOn, I report In raspect of my axamination of the Charitys accounts
carried out under section 145 of the Charities Act 2011 cthe 2011 Art). In Ca￿Ing out my examinalion I have
followed the Directions given by Charity Commission under $8Ction 145(5){b) of the 2011 ACL
Independent examlnerfs statement
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
axamination giving me cause to b81ieve:
accounting r￿ordS were not kept in respect of the Charity as required by 8eclion 386 of tho 2006 Act; or
the accounts do nol accord with those records. or
tho accounts do not comply with tha accounting requiramants of section 398 of the 2006 Act other than
any requir8ment that Iha accounts give a Irue and fairf vlew whtch Is not a matter considered as part of
an independent examination: or
the accounts have not been prepared in accordance with the methods and principles of th8 Statement of
Recommended Practice for accounting and reporting by charities [applicable to charitie5 preparing their
accounts in accordance wtlh tha Financial Raporting Stan(krd applicable in Ihe UK and Republic of
Ireland (FRS 102)].
I have no concerr* and have come across no other rnatters in conneclion with the examination to which
attention should be drawn in this report in order to enable a proper understanding of tha accounts to be reached.
Thls report Is made solely to the Charitys Trustees, as a body, in accordance ¥Mth Part 4 of tho Charities
(Accounts and Reports) Regulations 2008. My WOTk has bean undartakan so that I might state to the Chartys
Trustees those matters l am required to state lo them in an IrKlepend8nt examinerfs report and for no other
purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than th8
Charity and the Chartils Trustses as a body, for my work or for thig report.
Signed:
Stephen South FCA
Shaw Glbbs (Audlt) Umlted
Wey Court West
Union Road
Famharn
Surrey
GU9 7PT
29.05.25
Page S

MORGAN CLARK FOUNDATION
(A company Ilmfted by guarantse)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestrlctod
funds
2024
Total
funds
2024
Total
2023
Income from:
Donations and legacies
Other trading activibes
38.676
13.080
38.676
13.080
24,096
11,496
Total InGome
61.7S6
51,756
35,592
Expendltur• on:
Raising funds
Charitable activities
15,814
25.074
15.814
25,074
25,246
19, 126
Totsl oxpendtturo
40,888
40.888
44,372
Not movement In funds
10.868
10.868
(8,780)
ReGonclllatlon of funds:
Total funds bro￿ht fowrd
Nat movamant in funds
59,683
10,868
68,463
(8,780)
10A68
Total funds cavried forward
70A51
70,651
59,683
The Statement of financial activities includes all gains and bsseg recognised in the year.
Tha notes on pages 9 to 20 form part of these financlal statements.
Page 6

IIORGAN CLARK FOUNDATION
(A company fimlted by guarantee)
REGISTERED NUMBEK. 07334198
AS AT 31 AUGUST 2024
2024
Noto
Tangible a8sds
11
70.137
57. 775
70.137
57, 775
Current a88ets
Cash at bank and in hand
1.014
1.014
Creditors: amounts falfjng due wiltmn o
12
(3,600)
414
Total assets le88 current IlablNlles
70.551
59.683
Not ag80ts excluding panslon asset
70.551
59,683
Total net assets
70.551
59,683
Charfty fundg
Re81ricled fund8
Unr88trthd funds
13
13
70.551
59,683
Totsl funds
70.551
59,683

hlORGAII CLPJiK FOUNDATIOII
(A Company Ilmltsd by guarnnts•)
REGISTERED IIUMBEIL. 07334198
BALANCE SH￿ (COIfflNUED
A8 AT 31 AUGUST 2024
The Ch8rftywa$ entillad lo exempkn from 8utht unts 6ecllon 477 oflthe Companies Ad 2008.
The membern have not requlred th? company b) obtaln an audft for the >w In quo8kn In acMrkn wlth
secdon 476 of Comporth Ac* 2008.
The Trustees ackntxledge thetr mpons￿lI10$ for Com￿￿￿19 wlth the requlr8menls of the Act whh ￿SpeCI to
The financlal statements I￿9 be￿ PTepared In ac(xxdm wllh tho wovworffj appl1￿ to wrt(Ile8 subieL* to
Ihe sm811 ¢ompanles reglme.
The flnarKaal 8tatemard8 were apprO￿d aml aulhothd lor Iw bythe Tnth and *n8d an their behayty.
Mrn G mO￿n
TnJ6tee
rPNMoryan
fu rfvf
The notes on pages 9 to 20 fomi p8rt of these thandal glatemenis.
Page 8

MORGAN CLARK FOUNDATION
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General Infomiatlon
The Charty Is a private company, limited by guarantee and registered In England and Wales. The
regl818red office addr88$1$ Unit 18 Old Park Fami, Ford End, Chelm8sford, CM3 1 LN.
AGcountlng poll¢l
11 Ba•1• of prnparnllon of flnanclal statemont•
The financial 8tatement8 have been prepared in acMrdan¢e wtth the Chathles SORP (FRS 102) -
Accounting and Reportlng by Charities: Statement of Recommended Practic& applicable to charft588
preparlng Ihelr accounts In accordanc& with tha Financial Reporting Standard applicable In the UK
end Republic of Ireland (FRS 102) (effectlve 1 January 2019), the Flnanclal Reporting StarKlard
appllcable In the UK and Republlc of Ireland (FRS 102) and the CompanEe8 Act 2008.
Morgan Clark Foundatlon meets th8 d6finltSon of a publk benefft entity under FRS 102. A8$ets and
Ilabllltlas ar• Inltlally recogn18ed at h18torEcal c08t or tran8actton value unle88 OtheThY188 8tated In tho
relevant x¢ountlng poltcy.
22 Golng concorn
There are no materfal uncortalntl•8 about the Charftys abllity to conlinue.
2a Incom•
All Income h recogn188d once tho Charlty ha8 8ntltt8ment to tho Incom8, it 18 probabl8 that the
Incoma wlll bo recelved and the amount of Income receivable can be measurnd rallably.
Income tax recoverabla In relatlon to donatlons rec8lv8d undor Glft Ald or deeds of covenant ll
recognlsed al the tlme of the donatlon.
2A Expendtturn
Expenditure 18 recogni8ed once there18 a legal or con8tructive obligation to tran8fer economlc benellt
to a third party, It18 probable that a transfer of economlc benefft8 will be requir•d in 8ettlernent and
the amount of the obllgatlon can be measured rellabty. Expendtture Is classlfied by activty. The costs
of each activity are made up of the total of direct C08ts, including support costs involved in
undertaking each activlty. Dlrect Costs are allccated dlrectly to that activ6ty. Support costs which are
not attr(butable to a single actimty are apportionad between those ad1V￿eS on a basls conslstent wllh
tho use of re80urces.
Expenditure on raising funds includes all expenditure incurred by the Charity to ralse funds for Its
charitabla purpo8e8 and Includ88 costs of all fvndrai8ing a¢tivitses events and norKharitable tradlng.
Expendlture on ch8rltable actlvitles 18 incurred on directly undertaking the activities whlch further the
Ch8rW8 objecdves, as well as any a880clated 8UPPOrt costs.
All expgnditure 18 inclusive of irrecoverable VAT.
Page 9

IORGAN CLARK FOUNDATION
(A company Ilmited by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng polkies I￿rtInued)
15 Tanglble foxed assets and dePr￿l￿n
Tangible fixed assets ara inibally recognised at cost Ats recognition. under the cost model, tangible
fixed assets are measured at c¢)St less xcumulated d¥Jraciation and any accumulated impainnent
losses. All costs irKurred to brtng a tangible f￿1 asset into its interKled working condition shoukl ba
included in the measuremert d cosL
At each rwttng the Charity a&8e&w there is any indication of impairment. If such
indication exists. the recoverable amourtt of the asset is detennined to be the higher of ts fair value
less costs to sell and rts value in use. An impairnwnt bss 18 recogniged ￿ere the carrytng amount
Depreoation is charpj so as to alocate cost of tangible f￿1 assets less their residual value
Depreciation * provKled on the folkxviNJ basts:
Freehold property
Plant and machlnery
/0 strabht Ihe
25% strauht line
16 Cash at bank and In hand
Cash at bank and in hand indudes cash and short4wm highly liquid investments with a slK>rt maturty
of three Mon￿ or less from the date of acquisit￿ or opaning of tho deposit or similar accour
17 UablNtlas and provtsions
Liabl￿tIeS are recogntsed when there is an obligation at the BalarKe sheet date as a result of a past
event. it is probable 1fr￿t a transfer of ecor￿MiC benefit will be required in s￿lleM0nt, arKI the amount
of the 8ettIern￿rt can be estimated reliably.
LiabiTrties are r8¢ognised at the amount that lfrh8 Charity anticipatas ft wll pay to settle the debt or the
amount it has receivaa as thanced ptfflients for ￿ goods 01 Servi￿ it must provide.
18 Flnanclal Instrum￿ts
The Charity onty has financial assets and f*bMies of a kind that qualfy as basic financial
instruments. Basic financial instrumerts are inibally recognised at transaction value and subsequentty
measured at their settl￿￿ent value with the exception of bank IcAns which ara subsequ
19 Fund accounllng
General funds are unrestrktsd funds aro avalabla for w at tha discr6llon of tha TNst889 In
furtherance of the general obJ#tives of the Charity aKI Y4hich have not been designated for other
purp08e8.
Page 10

AIORGAN CLARK FOUNDATION
(A G(vnpary Ilmltod by guarnntse)
NOTES TO THE FIPIANCIAL STATEhlENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Incomo from donafjon8 and lagaclo•
Unrestrlctsd
funds
2024
Total
fund8
2024
Donatlons
38.676
38.676
uM￿1￿Cled
Tot81
fund8
2023
2023
Donakns
24,096
24.096
Incom• from other tradlng actlvlllo
Incom• from non charftablo tradlng actlvlll88
Unr88trlctod
fun
2024
Total
fvnd•
2024
Morgan Kunda lodge Income
ChaTity SI￿P income
12,398
12.398
13,080
13.080
Total
funds
2023
2023
Morgan Kunda lodge income
Charity Shop inco
10,893
10.893
11,496
11,496
Page 11

MORGAN CL￿ FOUNDATION
IA conyany 11m1t￿ by guarantse
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Expendlturn on rnwing fvnds
Costs of rntslng voluntary Income
Total
funds
2024
funds
2024
FundraisirvJ ccffjts
Advertlstry and prorrthn
3,224
Total
fvnds
2023
funds
2023
Fundraising Msts
Advertising arKI proTTK>ti
1,090
1.090
Othertradlng expenses
Total
funds
2024
funds
2024
12,590
12,590
P¥12

MORGAN CLARK FOUNDATION
(A company Ilmlted by guarnntee)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 AUGUST 2024
Expondlturo on rntslng fund• Icontlnued)
Othor tradlng ￿Pens￿ (contlnued
Total
funds
2023
funds
2023
Morgan Kunda lodge expen888
24, 156
24, 156
Page 13

MORGAN CLARK FOUNDATION
(A company Ilmlted by guarantee
NOTES TO THE FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31 AUGUST 2024
Analy919 of expendltsr• on ¢harltable activities
Summary by fund type
Unyestrtcted
funds
2024
Total
2024
Jariart School
25,074
25,074
Unrests7Ct8d
funds
2023
Total
2023
Jarjarl School
19,126
19, 126
Summary by expendlture type
D•prnGlatlon Other costs
2024
2024
Total
2024
Jariarf School
1.399
23,675
25,074
DeprBciation Ouwcosts
2023
2023
Total
2023
Jaiiari School
1,399
17,727
19, 126
Page 14

PAORGAN CLARK FOUNDATION
(A company lknlted by guarnntee)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 AUGUST 2024
An•tysl8 of oxpondliurn ty actlvltl
Actlvltle•
undortakon
dlrectly
2024
Support
costs
Total
fundg
2024
J8Tiari School
5,327
19,747
26,074
undertaken Support
directy
2023
Total
2023
2023
Jariarl School
15,567
19, 126
Anaty•l• of dlroct co•1•
Ja￿rt
School
2024
Total
funds
2024
Sal8ri88
utilitie8
School 8upplle8 and uniforms
3,827
673
827
3.827
673
827
5,327
5.327
Jali￿7
Soho
2023
Total
funds
2023
Salaries
utiltlies
School 8upplies and unifomis
2,520
745
2520
T45
3,559
15

MORGAN CLARK FOUNDATION
(A company limitad ty guarnntse)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 AUGUST 2024
Ana￿15 of expendlture by acliviti•s (contlnued)
Anatysls of dlrect costs (contlnued)
Analysls of support Cogts
Jarjarl
School
2024
Total
funds
20
Depreciation
Trustaes I volunteers travel
Car hire
Travel and sub8*tence
Emergency supplios food
Sundry expenses
Staff weffare I medical Costs
Cleanlng
Vehicle repalrs and servlcirvJ
Accountancy
Consultancy
Bank chargas
IT costs
School and univer8ty fees
1,399
5,537
587
1.763
1,399
5,537
687
1.763
1,726
19
1.905
(1,800)
4,903
15
432
1,951
1,726
19
1.905
(1,800)
4,903
15
432
1,951
19,747
19,747
Page 16

MORGAN CLARK FOUNDATION
(A compary ￿MIted by guarnntse)
NOTES TO THE FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31 AUGUST 2024
Analy818 of expendlture by •thltle¥ Iconllnued)
Analy818 of support ￿lts (contlnu8d)
J8d8rt
Tot81
fvnds
2023
2023
Oepreclatlon
Seafreight C08t8
Trustees I volunteers trMI
Car hlr•
Vlllage event8
Travel and 8ub8i8tenco
Emergency 8upplle8 food
Emergency supplle8 no￿lOod
Sundry experwj
Slaff ￿ I medkal costs
Clofinlng
Vehkle repalr8 and 86Nlclng
1,399
335
3,613
31
107
335
3.613
31
107
552
1,230
173
1,230
173
453
(900)
5, 164
301
479
(9￿)
5.164
301
479
Con8uttancy
Bank charges
IT costs
15,567
15,567
Ind•pond•nt ￿rnIn¢￿ rnmun•ratlon
2024
2023
Fee8 payable to the CharW8 Independent examf￿r for tha indopendent
examination of the Charity$ annual accounts
2,400
During th8 th• Charity O empltyee8 (2022: 0).
Durlr@ tha yéar. no Tru8tae8 recrnl any remunerthn or other benefits (2023. £NILJ.
Page 17

rAIORGAN CLARK FOUNDATION
(A company Ilmlted by guarants•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Tru8te88' remuneratlon and expenses (contlnued)
During >Ear ended 31 August 2024. travel and accl)n￿ expen8e8 lot￿r￿9 £J,826 were
relmbursed or paid directy lo 2 Trustees (2023- £NIL).
11. Tanglble fix¢d ass
Fra•hold
Plant and
property nMGhlnery
Totsl
Cost or valuation
At 1 September 2023
Addition8
66.748
13,761
10,683
76,431
13,761
At 31 Augu812024
79.509
10.683
90.192
Dopreclatlon
At 1 September 2023
Charge for ￿ year
7.973
1A99
10.683
18,656
At 31 August 2024
9A72
10.683
Net book value
At 31 August 2024
70.137
70.137
At 31 August 2023
57, 775
57. 775
11 Crnditor8: Amounts falllng due wlthln one year
2024
2023
Trade creditors
600
2,400
600
Page 18

PAORGAN CLARK FOUNDATION
(A ¢ompany Ilmited by guarantse)
NOTES TO THE FINANCIAL sTATEmE￿rs
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of fun(ts
Statament of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Income Expendltur•
UnrostrIc￿ funds
General fund3
69,683
61,766
(40.888)
70,661
Statement of funds . prlor year
Balance at
I S8pt8mb8r
2022
Balance at
31 August
2023
Income Expenditure
Unrestrkted funds
General funds
64463
35,592
(44.372)
59,683
1& Analysls of not a880ts botween fund8
Anatysis of net assets between fund8 • current period
Unrnstrlcted
fund¥
202A
Total
fun(ts
2024
Tangible fixed assets
Currenl assets
Creditors due within one year
70.137
1.014
(600)
70.137
1.014
(600)
Totsl
70.551
70,551
Page 19

MORGAN CLAI0( FOUNDATION
IA compww Ilmltod by guaranto0
NOTES TO THE FINANCIAL STATEIIIEKrs
FOR THE YEAR ENDED 31 AUGUST 2024
Analys1* of not ass•ts bthTren fun(ts (contlnued)
Anatysis of net amets b•iv•o•n fund8. prfor perlod
Unrnstricted
funds
2023
2023
Tangl￿6 fixed a88et8
57, 775
57, 775
Credltorn due vAlhln one year
(3,6CKI)
(3,600)
Total
16. Momborn. Ilablllty
Each member of the charltth company undertak88 to contrlbuta to the 888at8 of the company In tho
event ol It balng wound up ￿11@ he18he 18 a member, or wlthln one y•ar after helshe ce88e8 to be
member, 8u¢h amount as may be required. not ex¢eedlrvJ £1 for the debts and lknbilitles contracw before
helshe ceases to be a member.
16. Relat•d party tran•acllon•
The Trustees G Morgan and P N Morgan ar• al¥0 sharel￿derS of M(Ygan Clark Umlled. Durfng the year
Morgan ClaTk Limited donated £29,000 (2023: £12.758) to the Charity.
Page 20