THE R & S MORLEY TRUST ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Reglstered Charlty Numbor 1152279
THE R & S MORLEY TRUST Annual Report and Accounts For the y88r ended 31 March 2025 Contsnts Page Truste88' Annual Report Ind8pendent Examlnerfs Report ststement of Flnanclal Activltles Balan¢8 Sheet Notes to the Accounts
THE R & S MORLEY TRUST Tw$tees' Annual Report For the year ended 31 March 2025 The Trugtees present their rèport for the year ended 31 March 2025. The Charlty was reglstered on 4 Jun8 2013 (Charlty Number1152279). It was estsblished by a trust deed dated 20 March 2013. The contact address for the chadty Is 52 Parliament Hill, London, NW3 2TL. Trust908: Chrlstopher Jennings Roger Morley Sophie Morley Adv180rn Bank HSBC Bank 60 Queen Vlctorla Street London EC4N 4TR Independent Examlngr Mr8 C D Wad& Hastingswade 58- 60 stowupland Road Stowmark8t Suffolk IP14 SAL Object• The obj8Ct of the Trust18 to fulfil general charitable purp088s by maklng donatlons and grants to other charrtles to 6nablÉ them to further théir 8im8. Donatlons and grants are made by the Trustees to charltabla Institutlons at such tlm8s and In such manner as the Trustees shall In thelr dls¢retton thlnk flt. The mathod of appolntment of Trustees The power of appointing new Trustees of the Charity shall be vested in the Founder. A new Trustee or new Trustees may be appolnted at any time and nohvllhstandlng that the totsl number of Trustees may exceed four but shall not at any tlme exceed ftve. Organl8atlon The Twst h8s no full or part time staff, The trustees are fully responsible for 8dmlni61ering the tru8t. They meet et least tsvice a year to discuss issues relating to grant making, govemance and strategy. Page 1
THE R & S MORLEY TRUST Trustees, Annual Report (continued) For th8 year 6nded 31 March 2025 Rlsk Assessment The Trustees have a rlsk strategy to k8ep under review and identify any risk8 the charity may face and to establish where possjble systems and prodUreS to mltigate those rlsks Identlfied. The trustees have revlewed the major rlsks to whlch the trust is exposed and have e5tsblished systems and procedures to manag8 them. Flnanclal Rovlew The trustees have adopted tha provislons of the Ststement of Recomrnended Practice (SORP) 'Ac¢ounting and Reportlng by Chartties" (FRS 102) in preparing the annual report and accounts of the charlty. The eccount8 have been preparad in accordance with the accounting pollcles set out In notes to the accounts and comply wlth the charlty's governlng docum8nt, the Charities Ac.t 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charitles preparing Ihelr accounts In accordance with the Financlal Reporting Standard applicable in th8 UK and Republic of Ireland publlshed In October 2019. Ravlow of A¢tlvlt1ft8 Grants amountlng to £12,000 in total were made during the year. Ail grants were unrestrlcted. Rgserv08 The TnJ8tee8 keep under revlew approprlate income re88rve8 to meet the need8 of the Charlty. Publlc Benellt 8tit6mont Th18 Statement complies with the duty In Seetlon 17 of th8 Charitigs Act 2011 to have due regard to public benefit guldance published by the Charlty Commission. We have revS8wed thls guldance when revlewlng our aims and objectives and in planning future actlvltle5. The Trustses consider how planned actlvltle8 wlll contribute to the alm8 8nd objectives they have set. Approved by the Trustees on I i T.. Qo tc and slgned on thelr behalf by R Morley Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE R & S MORLEY TRUST I report to the trustees on my examlnation of the accounts of The R & S Morley Trust for the year ended 31 March 2025 which are set out on page5 4 to 8. Ro8pon8lbllltle8 and b4818 of rnport As th8 charity trustees you are responslble for the praparalton of the accounts in accordance with the requirements of the Charltles Act 2011 ('The Act,). I r8port in respect of my examlnation of the Trust'8 8ccounts carrigd out under 89ction 145 of the Act and In carrylng out my examlnatlon I have followed sll appllcable Dlrectlons glven by the Charity Commisslon under sectlon 145(5)(b) of th8 Act. Independont Examlner'* Statèment I have comp16ted my examlnatlon. I confirm that no materlal matter8 h8ve come to my attentlon In connectlon wlth the examination givlng me cause to belleve that in any matsrlal respect,. 1. A¢¢ountSng records were not kept In r88pect of the charlty as requlred by secllon 130 of the Act; or 2. The accounts to not aGGord wlth those records.. or 3, Tha accounts do not comply wlth the appllcable requlrements concerning the form and content of accounts set out In the Charities (Accounts and Réports) Regulation8 2008 other than any requ1ment that th8 account5 glve a'tru8 and fair view, whlch Is not a matter conslder8d as part of an Independ6nt 8xamin8ti0n. I havè no concerns and have come aeross no other matt8r3 In connectlon wtth th6 examlnatlon to whlch attentlon 8hould be drawn in thls report In order to enable a proper understandlng of th8 accounts to be reached. Chrlstlne D Wade Accountant Hastingswade 5840 Stowupland Road Stowmarket Suffolk IP14 SAL Page 3
THE R & S MORLEYTRUST Statemant of Financial A¢tivltles For the year ended 31 March 2025 UnTe8trlct•d Rg#trlctod Fund Fund 2025 Total 2024 Total Note Incomlng rosourc•• Incomlng resource8 from generated funds: Voluntary income- donatlonB Investment Income 69,276 4130 69,276 4,130 63,040 2,833 Total Incomlng rnBourGes 73,406 73,405 65,873 Re80urce8 oxpondod Charlt8ble actlvltle8 Governance costs 12,000 674 12,000 874 56,500 652 Total M•ource8 Oxponded 12,674 12,674 57,152 Net Incomlng re80urca8 befora Investment galns 60,731 60,731 8,721 Gross tran8fer$ between funds Net Incomlng rasources after transfers {Lo8sesVGaln8 on investment a88ets 60,731 (9,703) 60,731 {9,703) 8,721 104,225 Net movement In funds Total fund8 brought forward 61,028 1,593,866 51,028 112,94e 1,593,886 1,480,920 Total fund• carrlod lOard 1,644,894 1,644,894 1,593,886 The notes on page$ 8 to 8 form part of these accounts. Page 4
THE R & S MORLEY TRUST Balance Sheet As at 31 March 2025 Unre8trlctad fund R98tr1cted fund Totsl 2025 Total 2024 Flxed as8et8 Investm6nts 1,404,161 1A04.161 1,413,884 Current a88¢t• Cash at bank and in hand 241,345 241,345 180,590 241,345 241,345 180,590 Credllors Amounts frdlllng due wlthin one year (612) (612) (688) Net current a•8et• 240,733 240,733 180,002 Tofal a880ts108• ¢urrent Ilabllltle8 1,644,894 1,644,894 1,593,866 Fund8 Unrestricted fund Restrl¢ted fund 1,644,894 1,644,894 1,593,866 1,644,894 1,844,894 1,593,886 Approved by the Board of Trustees on I I JL*kn ?02& and slgned on its behalf by: R Mortey The notes on pages 6 to 8 fomi part of these a¢¢ounts. Page 5
THE R & S MORLEY TRUST Notes to the Accounts For the year ended 31 March 2025 1) Accountlng pollclos a) B8815 of accountlng The Charity constitutes a publlc benefit entity as defined by FRS 102. The a¢ounts have been prepared In accordance wlth Aceountlng and Reportlng by Charltles.'Statoment of Recommended Practice applicable to charities preparlng their accounts in accordance with the Financial Reporting Standard appllcable In the UK and Republlc of Ireland Issued in October 2019, the Flnanclal Reporting Siandard applicable In the United Kingdom and Republic of Ireland {FRS102). the Charities Acl 2011 and UK Generally Accepted AcGountlng Practlce, The financial statements have been prapared to glve a 'true and falr viev/ 8nd have departed from the Charitles (Accounts and Reports) Regulatlons 2008 only to the extent requlred to provide a 'true and fall view. The departure has involved followlng the Accounting and Reportlng by Charitie5.'Statem8nt of Recommended Practice applicable to charltles preparing thelr annual accounts in accordance with the Financlal Repordng Standard and applicable in the UK and Republic of Ireland (FRS 102) Issued in October 2019 r8thar than the Accountlng and R8POrting by Chariti08:Stat8ment of Recommendad Practice effectlve from 1 April 2005 which has slnce been wlthdrawn. The flnanclal statements ar? prepared on a golng concern bas13 under the hlstorlc81 cost conventlon. The fin8nclal statement8 are presented in 8teding which 18 the functional Currency of the charity and rounded to the nearest pound. b) Chang8 In bas18 The slgnificant accounting policles applled Sn the preparation of these statements are set out below. These pollcies have bgen Gon8iStently applled to all years prg8ented unless otherwlse stated. c) Incomlng ro8ource8 Incom8 Is reeognlsed In the y6ar In whleh thè charSty1g entltled to recelpt and tha amount can be measured wlth reasonable certalnty. Investment Income Is Included when recelvable. Glft ald Is Included in the accounts In the year when the donatlons to whSch It relates are received. d) Resource$ Éxpended All resources expended are accounted for on an aceruals basls, Charitable activities expenditure includes the dlrect costs of th6 activlties. Govemanee costs comprlse the costs of running the charfty, Includlng all costs of complylng with constitutional and statutory requlrements. Page 8
THE R& S MORLEYTRUST Notes to the A¢counts For the year ended 31 Marth 2025 (Gontinued) e) Investrnents Investments quoted on a recognised Stock Exchange are valued al Market Value at tho yèar end. Other investments are included at the trustees, best estlmate of market value. O Foreign currencles Transactions in foreign currencies are recognised at the rate of exchange at the date of the transactlon. Monetary assets and liabillties are translated Into sterllng at the exchange rate at the balanc8 Sheet date. All exGhange differences are re¢ogn18ed through th8 ststement of financial activitles. 2) Charltabla a¢tlvltlo8 The object of the Trust IS lo fulfil general charitable purposes by making donations and grants to other charities to enable them to further thelr alms. The donatlons and grants made In the year all meet the stated objectives. Grants Pald Grants to Instltutlon8 2020 Grant8 to Instltutlons 2024 Renewed Hope Trust Hampstead and Westmlnster Hockey Club Friends of All Saint8, Hitcham Marie Curie Braln Tumour Research Rac6 Agalnst Dementia Hampstead & Westmlnster H¢keY Club Penrith Dlstrlct Red Squlrrèls Group Voluntser Uganda Waterloo Uncovered Weslrnorland Red Squlrrel Society Suffolk Communlty Foundatlon st Catherlne's College, Cambridga Body and Soul 1,000 2,000 2,000 2,000 2,500 2,000 2,000 2,000 2,000 3,500 500 25,000 10.000 10,000 2,000 12,000 58,500 Thara were no grants to Indlviduals in 2025 or 2024. Page 7
THE R & S MORLEY TRUST Not8S to the Accounts For tho year ended 31 March 2025 (continued) 3) Governance Go$ts 2025 2024 Independent Examiner's Fee Bank charg88 612 82 688 64 874 652 The charfty had no employees in 2025 (2024., nil}. Inve8tmont a880ts 4) 2025 2024 Market value as at 1 April 2024 Net Investrnent (lo¥ses)Igalns 1,413,864 (9,703) 1,309,639 104,225 Markat Value as at 31 March 2024 1,404,161 1,413,884 Analysls of Investments Other Investments 1,404,181 1,413,864 6) Crodltorn: amounts falllng du• wlthln C*n• year 2025 2024 Accrua18 812 588 Controlllng partl•• The charlty Is controlled by Its Trustees. Tran8aetlon• wfth Tru8t0•8 7) No Trustee received any remuneratlon during the year. No Trustee rac&lved any payment for expenses in the year. Related partl88 7) One Trustee donated th8 Sum of £12,100 to the charity in tho year anded 31 March 2025 (2024.'Two Trustees £50,000). Page 8