The Morrisons Foundation Annual report and financial statements Registered chaiity numbers 1160224 & SC045634 Company number 09104264 For the 52 weeks ended 29 October 2023
Thè Marrtsons Foundation Annual rep81 financial statements Regred charity numbers 1160224 & SC045634 Conpany number 09104264 29 October 2023 Contents Page Reference and administrative inf0mtIC Trustees. report Statement of Trustees. responsibilities Independent auditors. report to the Members arrtj Trustees of The MorrÈsons Foundabon ststemenl of financial actiwlies Balance sheet 12 Cash flow statement Notes to the financial statements 14
The Morrisons Foundation Annual rewt and financ¢al statements Regstered charity numbe¥s 1160224 8 SC045634 Comparry numbgr 09104264 29 October 2023 Reference and admlnlstratSve infonnation Charlty name The Morrisoris Foundation Trustees David Scott Sarah Wilkinson Guy Mason Kate Bratt-Farrar Chartes Dacres Christine Creswell Emily Swords Martin Jones Jonathan Burke Emma Spfagg Chair of Trustees Independent Trustee Independent Trustee Independent Trustee (ReSned 8 May 2024) (Appointed 20 Juty 2023} Independent Trusteè (Appointed 20 Juty 20231 (Resigned 1 AUgL¢ 20231 (Re&gned 1 Augusl 20231 (ApFQinted 8 May 2024) Senlor stsff membern Joseph Clark-Bland Adrian Horsley Morrisons FoundatKsn Speciali81 Mortisons Foundolion Al$Or Company reglstratlon number 09104264 Charity rrylstration numbers 1160224 (Charity Commission) & SC045634 (Office of the Scottish Charty Regulatot) Prlnclpal Hilmore HOL, Gain Lane. Brf0rd. Wesl Yorkshire, BD3 7DL Indep&ndgnt audttors PricewalethouseCooper8 LLP. Central Square. 29 Vlellington St, Le8ds. LS14DL Bankers HSBC Bank PLC. Regional SeNice Centre Eurcpe. PO Box 125. FI¢. 62-76 Park Street. London. SE1 9DZ Legal advlsors Wrigleys Solicitors LLP. 19 Cookridge Street. Leeds. LS2 3AG
The MOrr5S FouTrJation Annual and financAal ststemènts Rggkstered charty Trum1$ 1160224 & SC045634 Company number 09104264 29 October 2023 Trustees, Report for the period ended 29 October 2023 The Trustees present heiT Truslees. Annual Report and aLJrted financial statements ofThe Morrtsons Foundation I'the Charity.) for the 52 week per)d end 29 October 2023. Accountlng reference date These financial statements repsent the 52 week perKJ to 29 Oclober2023. The accounting period ofthe Chartty ends on a Sunday not more than seven days before after the 8¢countirg reference date of 31 October. Small company provislons The Charity has taken the eXeMpln frcm preparing a strategtc report in accordance with s8Ction 414B of the compan Act 2006. Objectlves and activities The Morrisons FOundatn has general charrtvAJle Purposes and ahrs lo supwt charities which make a positive difference in IrKal communrtieg across England. Sccrtland and Wates. The Twslees. view is that the uIreMent that The Mwrisons Fndat conducts its affairs exdusNely for the publ benefft is met by ensuring that all djaInS are made to ehants regL8tered in EngLgnd, ScotLand or Wales. Donations are made in two ways.. By match funding Ihe money raised by Morrison Supermarkets Limrted ('Morri50ns') cOlagues1or charities ('Malth funding programme'l.. and awarding grants to ch¥ilies which help to make a [site difference wi local ccrfnmunities I'Grant programme.). Match funding programme Match funding is available for Morrisons colkagues who raise mne/ for Charities Ihal are registered with the Charity Commission or the OffKe of the Scottish Charty ReguLator that deliver charilable actwitEs in England, Scotland or Wales. For a match fundirKJ appltitIon to be successful. Morrisons colleagues must demonstrate that they have applied an investment of lime or effort in the fundraising actNty. and be abk to provide ewdenee of the money they have raised their chosen tharily. Morrisons colagueS can make appIat)nS on1M for a maxmnum discretionary amount of £5,000 per request, up lo twice each financial year. The Trustees have ddegat&J the authorty lo approve maleh funding apPIallOnS lo The Morrisons Foundatiors specialist sponsle for managing activilw on a day to day basis. Grant progrdmme The Morrisons Foundation's grant prc#3rarnr is deshjned to SUPFrfYt charity w4ects that me a positive difference in local communities across England, Scotland and Wale$. Grant furKling is available foi charities that are fegistered with the Charity Commission or th8 Office of the Scotti8h Charity Reguktor. The Morrisons Foundation's grant making policy ests to ensur& that The Morrisons Foundation benefiis the public and ?ppIEs ils lunding fair and consistentw. The Trustees confimi thal they have referred lo the guidance contained in the Chafty cLmISS)n'S general guIdae on public benefft when revivwing The Morrtsons Foundation's grant making policy. The Trustees are br by The Moffisons FoLtndation slalISt on all app1.0nS for grants which meet the crf(eiia $81 ovl in the grant policy. Al decisions relating to such gr8nls are me by the Trustees. The Trustees vole on the oulcome of the application, with a Maj.[tY in favour rwjuired for the app1Kn to approved.
The Mcwrisons Foundation Annual report ar¥J frnanual statements Rg3iStorgd ¢harity n[bS f160224 8 SC045634 comnY number 09104264 29 Octobw 2023 Trustees, Report for the period ended 29 October 2023 {continued> Financial review The statement of the financial 8ciivities for the per1j is set c¥Jt on page 11. Financial statements are revi8wed before issue by all Trustees and the annual financAI statements are su.1 to audrt by the registered independent audf(ors. As at 29 October 2023, The MorTisons Foundatw had net assets of £2.711.400130 October 2022.. £2.490,5921 with £2.402,441131 October 2022.. £2.060,CE6) of this amount relating to untestricted funds. Principal othievements during the tsd The period covered by this report and attached financial statwnents is 31 October 2022 10 29 October 2023. During th15 period, the actwity of The Morrisons Foundation comprised the receipt of irKome from MoTrisons of £2.359,998 130 October 2022.. £2,923,961). the making of grants of £1.559.118130 Odober 2022.. £2.809.492}. and nwlch funding donations of £514,032130 Odober 2022.. £557.440). Prlnclpal fundlftg sources Income is generated from the follcN4iry streams: All income net of VAT and recycling ineentNe artsirg from the sale of singk-use carriet bags from Morrisons online business., A proportton of income from cbthing banks kxated in MorTisons car parks" Pioportion from Morrisons Foundation scratch-cards sok1 in Morrisons stores and online.. A proportK)n ol income frcth cai parking fines levied in Kklrrisons car parks.. and AesS Point Donation- MoThisons donates a pr¢¥[Ln of income recèived through certain third p8ty charity concession agencies brx)ked into Morrisons stores Fundraising The Morrisons FoLtndation d¢Jes not seek to raise money from the pU1C through fundraising appeals. If funds are received into the Morr¥son5 Foundation in relation lo a fundraising campaign of Wm Morrison Supermarkets Limited. The Morrisons Foundation will ensure that the carnpan has ten approved by the trustees in advance and that funds are spent for the purposes for which they have been raised. The Morrisons Foundation is not alvare ol any complaints Telatwrfj to such fundraising. bul rt wths Close with Wm Moirison Supermarkets Limited to ensure the ¢p1K8Ce with chaiity law al lo ensure any fuThJraising confomis to recognised standards. Should any such complaints ever arise, the Chairman would raise them wrth the Trustees. The Moirison5 Foundation and Wm MorTison Supermarkets Limrted are aware ot the importance of Pfotecting the public, including vulnerable people. from unreasonabty intrusive or r$1stent fundraising approaches or undue pressure to dale and th¢ nalufo of the way in which fuThJ$ are rai8ed means that the iisks of abuse are inherenlty low. Plans for future periods The Trustees are committed lo ensuring that The Moni8ons Foundation continues the activrties outlined above in the forthcoming period subject lo sab"sfactory fund9 arrarwJements. Investment The Trustees have WFde perS of investment. However. rt ts the IntentK that all funds received by The M0rri50ns Foundation will be applied ether in the makin9 of donatb)n$ In accordance wilh the match funding programme or grant PTogramme, or the payment of adminislrion expenses whKh will not exceed 30A of tncome in any financial year. Pending such applicalDn, funds are held in an account with The Mom"sons Foundalior>'5 bank. In the scenario where this amount exceeds the necessary bal lo ensure all usual streams be funded. the excess is transferred to IneY mathet inve5tmefils which all5 the foundalwjn lo recetve addit*wl interest income. This balance is nil in the current and prior periods disclosed within these financk41 statements.
MOronS Foundation Annual report and financial statamènts Regi51wgd tharity numters 1160224 & SC045634 Company number 09104264 29 Octobar 2023 Trustees. Report for the perlod ended 29 October 20231contlnued) Reserves The Morrisons Foundation's Reserves Polw refiects the Tntstees, eonsideralDn of a level of reseThes whith ensures financial stsbilty and assists f¢)Jward planning. The polw sets out the prccess by whh Trustees have considered the nature of charitable funds hdd. the fvnctional assets required by The Morrisons Foundation to fulfil its objectives. the potential financAal impact of risk, the stability of incorne, and the Imp1 of future plans and eornmrtments. Given the intention lo restrict &Jminislralk?n expenses lo a l(yw level, rbjt exceeding 3% of annual inc<Kne, the Trustees ccmsider that the level of free reserves of The Morrisons Foundation will be SUfflent in ordeT to enable it lo carry out its objectives. Al the end of the financial pericxl, the charity hekl £2,655.487130 October 2022." £2.490.592) of reserves. The Truste8s CriT that they are ultimatety accountab for setling and monitoring the level of reserves kept by The Morrisons Foundation and will keep the reser policy under review lo ensure Ihal it remains appropriate. The policy was reviewwj during the prewous year and the Trustees have agreed a ptan whth ensures the carried foryRrd resefves are al least £5¢JO,000 in ling with this polry. structure. governance and management The Morrisons Foundation wa5 incorporated as a private Charitab company limrted by guarantee on 26 June 2014 and was regislered with the Charty Commission on 29 January 2015 in EThJiand and Wales. The Morrisons Foundatif)n was also registered with The Office of the Scottish Charity ReguFalor cfft 22 May 2015. The Directors are Trustees for the purFJoses of charity la•V and in thi5 report are llectIvety referred to as the Truslees. Responsibility for The Morrisons FouThJation's direction and affairs lies with the Trustees. The artides of association of The Morrisons FourKlalion regulale how the Trustees meet and make decisions for The Morrisons Foundation. The articles of associatDn prowde that there rnust be no fw than the nor more than ten Trustees, and that at least tsvo of the Trustees must neither be directors nor empknyees of MOMnS nor a relative of any such director or empb)yee. The power of appointment or removal of Trustees t¥ wrth the Trustees. Trustees are elected to $eNe for maximum period of three yeats.. independent Trustees are reslricted lo a ts¥o year period. Tru51ees may be re-elected after this lime by the Twslees of The Morrisons Foundation. On appointment exh Trustee is required to confirm that ha read the Charity Cc*nmission guKlance in relation to Trustees dLrties and The PAorrisons Foundatb?n's polic. Trustees meet wilh the Chairman of the board of Trustee5. Training dS are assessed and met as necessary. At the quarterty Truslees. meetings, the Trustees agree the broad strategy for The Morrisons Foundation, including consideration of grant making. reserves, risk management. Pol$ and perfomiance, when requested lo do so. The doy to day management of The Morrisons Foundatn'S are delegated to The Morrisons FoUndat)n specialist. The Trustee5 engage the serveS of an extemal kgal to ensure that deeision$ regarding The Morrisons Foundation's strategy and &tivilies compty wrth charty Lw requirements. The regal advisors also conduct ad-hoc reviews of The Morris$ Foundation's manaJemenl, FO1leS and procedures. All Trustees gNe their time fredy aThJ no Trustee rernuneralK or expenses were paid in the period.
Ihe Morrisons Foundation Annual pOrt 8fKI fina?81 statements R•g&t•r ¢hority numbers 1160224 & SC045634 Company number 09104284 29 Octobtrr 2023 Trustees, Report for the period ended 29 October 2023 Icontinued) Rlsk management The Trustees have eonsidered the major risks to whth The Morrisons Foundation is eyposed and have established 8yStems and prwedures to manage those risks. The Trustees beIve that all major iisks are being mitigated. The Trustees have considered The Motrisons Foundation's objectives, mission and StratY, the scale of its operations and any intemal or extemal factors which may present a risk to its financkal sl$T. repulalion. benefi¢iarie5 or govemance. The Morrssons FourKlalion's risk management poly sets out the process by which potent1 risks are idenlrfied, assessed, managed and revmved. and the risk regislei provKles a top-level vwi of those risks. Policies and Controls have been wnpkn)enled to minimise the risk of fraud or other misappltcalw)n of The Morrisons Foundation's funds. These are regularly reviewed and updated as required. The approach lo risk management is revMve(I by the Trustees annualty. This includeg a full revthv of the risk management polw and risk register. Related partles The Morrisons Foundation rewves inccmne from, but is irKlepwNlent of. Morrisons. The TteeS take all decisions in the best interests of The Morrisons Foundation and its beneflaleS and in furtherance of f(5 charitable objectives. Statement of public benefrt The Trustees confimi Ihot The molsonS Foundatton complied wtrth the CharIt Act 2011 in the period and that all grants have been made, taking into account the Charity C¢Jnmission's guidan on public benefit. onty to registered chartties. Details of signFficant activrties undertaken in the perK*J are PLEblishe(l in The Morrisons Foundatton Annual Revw, which is available at v#NVw.morrisonsfcyJndatbJn.¢. Disclosure of inforniatlon to the audltord The Tfuslees vtho held office at the dale of approval of this Trustees. report confirm that. so far as they are aware, there is no relevant audft information of whh The Morrisons FouThlation's auditcKs are unaware and the Trustees have taken all the Steps they ought to have taken as TNstees lo make thernsees aware of any relevant audit infomption. Siqned by avid Scott, Trustee. on behalFof Ihe Twstees 25 July 2024
Th& Morrisons FouThJab"on Annual tewrt and financist statements Regthed ¢h8rity nurnbgr5 1160224 & SC045634 Company number 09104264 29 October 2023 ststement of Trustees, responsibilities The TnJslees (svho are also direclofs of The Morrtsons FOundatn for the purposes of u)mpany lawl are responsible for preparing the Trustees. Annual Reportand financial stalefflents ui accordance with applKable law and rggulalion. Company law requires the trustees to prepare firbancial statements each financial year. Under that law the trustees have PTepared the financial sLements in accordance with Unrted kn"ngdom Accounting Standards, comprising FRS 102 'The Financial Reporting Standard applicable in the UK and Repubk of Ireland". and applicable law (United Kingdom Generalty Accepted Accounting Pract). Under company the trustees must not appn)ve the financial statements unless they are sa"sfied that they give a true and fair view of ihe state of the affairs of the charitable company and ol Ihe inccmning resource$ and application of resources, irKluding the income and expendrture. of the charitable company for that period. In preparing thes8 finan1 statements. Ihe trustees are requv&l to". select suttable accounting pdicies 8nd then appty them consistenty.. observe the methods and principles in the statenI of Rewnmende(I Practice.. Accounting and Reporting by Charrtw120191- make judgments and estimates that are rea$able and pAen[ stsle whether applicable UK AoUntIng Stsndards. comprising FRS 102, have been fcAtowed. subject to any material departures disclosed an(1 explained in the financial staternenls.. and prepare the financial statements on the going conc8m basis unless it is inappropriate to presume that the charitable corroany w1 continue in business. The Trustees a responsib for keeping adeqtsate &counling records that are suftient to Sh¢¥ and explain the charitable company's transactions and disclose wilh reasonable accufacy at any lime the firsancial position of the charitable company and enable them lo ensure that the fsnancial statements comply wf(h the Compantes Act 20[, the Charf(ies and Trustee Investment (Scollandl Ad 2(5 and the CharitEs Accounls IS¢olland) Regulations 20C6 las amended). They are also responsible for safeguarding the assets ol the charitable company and hence for taking reasonable steps for the prevention aNI detection of fraud and (rther irregularities. Signed by Davwj Scott, Trustee, on b8haif ofthe TryteeS 25 Juty 2024
The Morriscrf5s Foundation Annual pOrt and financial statements Regtered charty numb8r$ 1160224 & SC045634 Crynpany nurnbgr 09104264 29 October 2D23 Independent auditors, report to the Members and Trustees of The Morrlsons Foundation Report on the audit of the financial statements Oplnlon In our opinion, The MorrBon F0LtndatK,S financial ststements (the Yinancial statements.): give a true and fair view of stale of the charitable compony's affoirs as at 29 October 2023 and of its inming resources and appliealion of reSree$, including its income and expendrture, and cash flows, for the year then ended., have been ptoperly prepared in &COTdance with Unrted Kingdc4n Galty Acwted Accounting Practice (United Kingdom Accounling Standards. COMpr1n9 FRS 102 "The Ftnancial Rewting Standard appIable in the UK arml Republic of Ireland., and applicable Trawl.. and have been prepared in accordance with the requuements of the C¢Jnpanw Act 2006. the Charities and Trustee Investment Iscottandl Act 2LK15 and fegulaknon 8 of Tr Charities Accounts {Scotland} Regulations 2006 las amended). We have audited the financial statements, induded within the Annual Rewt and Finaneh?I Statements {the "Annual Report"), whKh comprise.. the balan sheet as at 29 Octc+)er 2023.. the statement of financial actwilies and Ihe cash ftow slalement for the year then ended." and the notes to the financial slalements, which include a description of the s¢gnrficanl accounting policies. Basls for opinion We condLtcled our audit in acccKdance wf(h InternalKn Standards on Audrting IUKI I-ISAS IUKI'I and applicable law. Our T&sponsibililies undeT ISAS (UK) are further described in the Auditors, wponsibilÈties for the audrt of the financial 8ts1emenls sectton of OLFr report. We belve that the audit ederce we have obtained is sufficienl and appropriate to proVe a basis for our opinion. Independence We remained independent of the charitsble cMpanY in YdarKe wrth the elhal requirements that are relevant lo our audit of the financial statements in the UK. whtch indudes the FRC'S Ethical Stsndard and we havefuifilled our other ethical responsibilities in ac¢ordance wlh thw requIrents. Concluslons relatlng to golng concern Based on the work we have perfomed. have n¢X identiw any material uncertainties relating to even15 or conditions that. individualty or collectively. may cast son[rn1 doubt C the chafilable company's abilty to continue as a going concem for a period of al least months from the date on whh the financial slatemenls are authorised for issue. In auditing the financial slatemenls. we have concluded thal the trustees. use of the going conrn basis of accounting in the preparation of the financial statements is appropnate. However, because not future events or cQTrJitits w be predic1. this conclusp)n is not a guarantee as lo the harilable eomp8ny's ability lo continue as 8 going concem. Our responsibilrties and the responsibilities of the trustees wilh respect to goir¥J concern are described in the relevant sections of this report. Reporting on other Inforrnatlon The other infomialion comprises all of the infomiation in the Annual Report other than the financial statements and our aud(tors' report Ihereon. The trustees are responsible for the other informatp)n. Our opinion LM the financial slalemenls does not cover the other infomiation and, accordingly. we do nol expres5 an audit opinion or. except lo the extent otherwise exphcrtly stated in this report. any fcth) of aSsUrae therwn.
Thè Morrisons Foundmtian Annual report arKI finanwl statements Rggtsr¢d ¢honty numbers 1160224 & sco434 Company number 09104284 29 0¢>¥r 2023 Independent auditors, report to the Members and Trustees of The Morrisons Foundation (continued) In wnnection wrth our audit of the financE4 stst8ments. our re5pons)ilty lo read the other infomi8lb)n aNI, in doing so, consider whether the other infomwtion is materially inconsistent with the rtnancial 5taternents or our knovAedge obtained in the audit, or othenKise appears to be merialty misststed. Wwe identify an apparent material inconsistency or material mFsslalement. we are quIred lo perfomi prtt&ure5 to conclude whether there is a mat8ri01 misstatement ofthe financial Statements or a material misstatem1 of the other infom1atn. If, based on the work we have performed, we conclude that there is a material misstatement of this other InfK$n. we are required lo report that facl. We have nothing to report based on these responstiilities. th respect lo the Trusts' Rep(xl. we ako c4)nsidefed whether the disclosures required by the UK cpanieS Act 20CE have been induded. Based on our work undertaken in the course of the audl the ConyanFes Act 2006 and The Charf(ies Accounts (Scotlandl Regulations 2006 (as amended) require us 0 io report certwn opinK)ns and matters a8 described bebw. Twst88s' Report In our opinion. based on the work UThertaken in the coutse of the audrt the information given in the Trustees, Report, for the financial year for which the finane41 staternenls prepared 15 consent with the financial statements., and the Trustees, Report have been prepared in accrytsnce with ¥plvble legal requirements. In addition, In1h1 of the kntxvledge and understsnding of the charttable company and rt5 environment obtained in the course of the audrt, we are qUired lo report if we have Klenlffied any material misstatements in the Trustees, Report. We have nothing to reF¥Jrt in this respect. Responsibilities for the financial statements and the audit ReSp(&bilItS ofthe twslees forfhe fan01 slalements As explained fnore fully tn the Statemenl of Tru51ee5' ReSF¥JnSl lrtie5. the trustees are responsible lor the preparatton of the financial statements in accordance with the apiCable framework and for being satisfied th they give a true and fair view. The trustees are also responsible for SLKh inlemal control as they detemiine is necessary lo enable the preparalK)n of financtal slalements Ihal are free from m*erial misslatnent. whether due lo fraud or error. In preparing the financial statements, the twstees 8re respY)nsible ft¥ assessing Ihe eharrtable company'5 abilty lo eontinue as a going concern, disck)sing as applicable. rnatters reL41ed lo going conrn and using the going concem basis of accounting unless the trustees eriher intend lo1umate the chantabb c(Mnpany or lo cease cyerations, or have tv) realistic aAernalive but to do so. Auditors. responsib11$ the atrt of the financBlsl8tem8nts We have been apEM)inted as audrtots under section 44(1) of the Chaiities and Trustee Investment (Scotlandl Act 2005 and under the Companies Act 2C aFKI report &cOrdan wrth the Ads re18vant regulatK)ns maLl8 or having effect thoreunder. Our objectives are lo obtain reasonab assurnnce ab1 whether the financkal sements as a whole are free from materk21 misststement. whether due to fraud or error. and to issue an audtiors, report that includes our opinion. Reasonable assuran is a hh level of assurance. but ig not 8 guarantee that an audrt conducted in acwrdance with ISAS {UKI will aayS deled a malerk41 misststement when it exists. PAisststements can arise from fraud or errof and are consKlered material if, indiwdualty or in the aggregale, they c(MJkl reasonably be expected to influence the econom decisions of usefs tsken on the basis of these finanu81 ststements. Irregularities, including fraud. are instan$ of noThccffiplk8nce with and regulations. We desvJn procedures in line wrth our responsibilitEs. outlined above, lo deteLt material misstatements in respact of irregularities, including fraud. The extent to which our procedures are capable of dete¢tiThJ irregularilies, including fraud. is detailed below. Based on our understanding of the charitable comparryTtndustry. identifièd that the principal risks of non-compliance wrth laws and iegulations related lo charity law. and we con5hlered the extent lo whh non-compliance might have a materFal effect on the financial statements. We atso eonshjered those and regulaik)ns that have a direct impact on the financial slatemgnts such as Iho Companies Acl 2C(6. the Charities and Trustee Investment ISeLJlland) Act 2005 and regulation and 8 of The Charities Accounts (Scotland) Regulations 20C6 las amended). We evaluated
Thè M0rrtsC Foundation Annual rerA arml finan81 statements Registered charity numbers 1160224 & SC045634 Company nurnber 09104264 29 October 2023 management's incentives and opwlunities for fraudulent manIpuL10n of the ffinaneial Statements (including the risk of override of controls), and detemined that the P1PaI risks were relaled lo the mi$approwatKJn of assets. Audit prolUreS perfomwj induded: Diseussw)n with managenI and those charged with g)vemance induding consKleration of known or suspected instances of non•cornpInce With1? and regulth.on and fra. Testing the approval and payment of amounts reL8ted lo tharitable activitiès.: and Incorporating an elanent of unpredithbilty into our testirKJ ¥PTQXh. TheTe are inherent limitalKMs in the audit prwlures descrit)ed atx)ve. We are less likety to become aware of inslanc68 of non-compliance wrth laws and regulation5 that are not dosdy lated to events and transactions ected in the financial statements. Also. the risk of not detecting a material misstslemenl due lo fraud is highef than the risk of nol detecting one iesulting from wr, as fraLhJ may invobrn delib8fate conceakn8nt ty, for axarnple. fry or intentÈonal misrepresentations. (v through collusion. A further descrlplion of our responsibilit for the audit of the finanaal stslemenls is I(ed on the FRC'S websile at.. www.frc.grg.uklauditorsTespon$ibilrties. Thts descriptn fom)s part of audrtors, report. Use of this report This rewjrt, including the opin)ns. has been prepared a1 onty for Ihe charitabk cLpan$ members and tnt51ees as a body in accofdance wf(h secl¥)n 4411)Ic) of the Charities and Trustee InveslrrEnt (Scotland) Act 2005 and the Companies Act 2006 and regulations made under those Acts (Ulat 10 of The Charlties Accounts {Scoll8nd) Regulations 21J06 las amended} and Chapter 3 of Part 16 of the Companies Act 20C61 and for no other purpose. We do not, in giving these opinion$. accept or assume responsibilty for any cher purpose or lo any other person lo whcffi this report is shown or into whose hands li may come save where expressty agreed by our prior consent in WTrting. Other required reporting Matters on whlch we are required to report by exceptlon Underthe C¢xroanies Act 2006 and The CharitsAccounts Iscotkndl Re9tionS 2C las amendll we are required to report lo you rf, in our opinion.. We have not obtaId all the infomialKJn and explanations we require for our audrt., or Ailequate and proper accwnb"ThJ reJd$ ha¥e not teen W or rernS uate ts ow alit have not been received fr braheS not visrted by us: or Certain disclosures of trustees. remuneT"on spe¢rfd by kn are rÉol made., or The financial statements are rw)t in 4reeffent with the x¢cntIng records and retLtrns. We have no eept)n5 lo report arising from this responsibilty. Enlttlement to exemptlons Under the Companies Act 20LK we a reqUId to reFQrt to you rf. in our opinion, the trustegs were not entitkd to take advantage of the small companies exemption from preparing a Strntegic Report. We have M exceptions lo report arising from this responsibilty. Robert Hawpen nior Stalulory Audrtor) for and on behaw of Pricew8terhouseCoq)er Chartered Aceounlafils and Statutory Auditors Leeds 25 Juty 2024 LLP
The MoOn$ Foundation Annual rep¢yt financial statements Regi8Èred charity nurnbe 1160224 & SCO34 Ccmpany number 09104284 29 October 2023 Statement of financial activities for the 52 week perk?dfrom 31 Ocfober 2022 10 29 October2023 Uftr•strl¢ted funds R•strlctod 52 we• 52 week funds PB wlod andod period gndgd 29 October 30 October 2023 2022 Incomlng mour¢¢¥ Ineomlng rnsourcel from Donations Incomè from sath ofiarrierbags- EnaTr Income from Sa of rarrk?r bag$- &oU•Th Income from saS of carrier bags- Waks lfi¢omtt tr¢m Clothmg Banks 766.327 786.327 1,476.992 107.383 107,395 724.572 724.572 380.722 Ino)me from Charity Scratchcard5 Incomè from Car Parking finès Access Point Donati¢n 46.113 46.113 38.905 800.000 808.094 13.602 13.602 Other incKJme 19.384 19.384 4,470 2,923.961 Totsl incDffllng rèsourc•s 2,3S9.998 2,369,998 Re•ouTc•s exnded CharitaLle advities 10 (1,951,583} 166.0401 1121,56n 12,073,150> {3.366.9321 166.0401 138.1911 Adrninistrative Costs 11 Total r•sourc•s •xpended {2.017.623} 1121.$67) 12.139.190> 13.405.123) Nèt movarnènt in funds 342.376 1121.567) 220.808 1461.1621 2.971.754 Balance brought forward at start 01d 2.cfio.r 430.S26 2.4.592 Balan carrfed foryrnrd ot end of 110 2,402A41 308.959 2,711MOO 2.490.592 The mriSOn5 FoundatKJn ha5 no recognised gains or kisses other than the net ThK)vemenl in funds for the period. All results derive from continuing activities. The notes on pages 14 to 18 fomi part of these financial siat&rnts. 10
The Morrisons FouThJatson Annual rep¢Jl and financial statements Register8d dlIty nurnbets 1160224 & SC045S34 Company number 09104264 29 October 2023 Balance sheet As at 29 October 2023 29 OGtob•r 2023 30 Octob8r 2022 Current ass#t# Cash ot bank and in hand Tradé dèbto 2.0502 999,239 3,049,495 2,237,115 810,798 3.047.913 14 Total currnnt a88ets Credltors.. amounts tslllng duè wlthln one y•#t Net assets 15 1338.0951 1711.400 1557,>211 2,490.592 The funds Ot the Charlty: Rèstrictsd luThls- Wajes 16 16 17 308.9S9 339,658 9),868 2,080,066 2,490.592 Restricted fiJThJs- ScotEand unr?strt funds Total eharlty lunds 1402.441 I711AOO The financial statements on page5 10 10 18 were approved by the Board of Twstees on 25 Juty 2024 and signed on its behaW by Signed by David colt, Trustee. on behalf of the Trustees 25 July 2024
Tho MDrrisons FourKI?lion Annual feport and finanryal $tstements Registered charity numbers 1160224 & SC045634 Company numbei 09104264 29 Oct(l)er 2023 Cash flow statement for the 52 weekperiod fnyn 31 Oc¢ober202210 29 Iober2023 S2 w 110 52 w8¢k peri¢xl ended ended 29 O¢tobgr 2023 30 OGtober 2022 Net Incomlng reBourc•• 220.808 1481.1621 h1ovemt In". Tra¢Jè dtbtors 1188.4411 1219,2261 1186.8591 1608,1371 59,207 11.030,0921 Creditors Nèt ea8h louth)wVlnllowfram 0rating aetlvltl•s lD•¢r•aseyÉn¢r• In cash in thè pertod OpenirKJ cash al bank and in hand CIo8ing cash at bank and In hand 1186.8591 2,237,115 2,060,256 11.030,0921 3.267.207 2.237.115 12
The Morffjons Foundation Annual and finanoal StMpts 8gi5tsrod charity numter5 1160224 & SC045634 cpanY number 09104264 29 Oclob8r 2023 Notes to the financial statements ffom7ing part ofthe financ1 statements) ffor the 52 week peiiod fr(Nn 31 October 2022 to 29 Ocloher W23 1 Aecotsnting policies The folk)wing accounting policies have been applied c(1s15tenty in dealing with items whh are conside1 material in relation to the finanGial statements. Bas1$ of preparatlon The financi81 slalements have been prepared in accordan with Accounting and Reporting by Charit$.. Statement of Recommended practi applb lo charrtvas preparing financial statements in aCrdance wEih the Financial Reporting Standard applicable in the UK and Rep(tb1 of Ireland (FRS 102) (effective 1 January 2019} - {Charities SORP IFRS 1021), the Financial Reporting Stsndard applicable in the UK and RePU[C of Ireland {FRS 1021, the Charities and Trustee Investment (Scotlandl Act 25. regula 6 of the Charties Accounts (Scoljandl Regulations 2006 las amended) and the Cc¥npanÈs Act 20C6. The Klorrisons Foundatk)n meets the definf(ion of a public benefft entity under FRS 102. Assets and liabilitS are initialty recognwl al h¢slorul cost ortransaction value unless otherwise slated in th& relevant accounting policy notes. The Trustees have concluded that The Morrisons FourKlation has adeqLbale resources to continue as a going concem for the next 12 months, and accordingly the financial statements have been prepared on a going concem basis and on a historical cost basis under the accruals concept rther than as stated belcAv. Incomlng resources Income is recognised in the peried in Vthh entitlement (Kcurs and can be measured w¢th reasonable certainty. Income is defefred only when The Morrisons FoundalA)n has to fv1 condit5 lOre bCthIng entild lo it. Rèsources expended Expenditure on charrtable actNilEs is included on an acc[uS bas on notfftation lo the relevant befteficiary. Governance costs relate lo those costs incurred in connect¥)n wih compliance with constitutional and slalutory requirements and are rQgnIsed on an accruals basis. Unrestricted lunds Unrestricted furKls represent funds which are expendable at the dwretion of the Tnjslees in furtherance of the )jecbves of The Morrisons FoundatKM. The use of the funds has not In reslrieted to a PartUlar purpose by the dof)or or their iepresentatives. Restslcted funds Restricted funds consisl of d8110$, leyacies and grants reNed, for which the donor or grant gNer has specffied the pUoSeS for whieh the resourceg can utilised. Outgoing resource5 on restiKted funds reflect the appropriate expenditure that ha5 been charged to those funds. Restricted funds are disclosed by programme in the notes lo the finan¢ial slalements. Taxatlon The Morrisons Foundation is a registered thaiity. and as such is entitted to certain tax exemptions on income and profits from investments, and surpluses on any trading activrties caffied on in furtheranee of The Morri50ns Foundation's primary objectives. if these proffts and surpluses are aled solely for charitable purpJs8S. Cash at bank and In hand Cash at bank and in hand for cash Ikjw wlSe$ indude cash4n-hand. caslFat-bank arKI cash invested in money markets. Creditors Trade and other creditors are recognwd where the tharity has a wesent ¢)bhgation resuming from a past event that will probably fesull in the transfer of funds to a third party and the arnount due lo settle the oblMJatKn can be measured or estimated reliably. After six months, the Charty reseNes the IvJht lo TrMlh(Jraw the payment if payments delai15 have not been prowda in this peric*J. 13
MorrFsons Foundation Anrtual report and financial statements Regi8tered charity nLmber5 1160224 & SC045634 Company number 09104264 29 October 2023 Notes to the financial statements (c¢>nts'nuedJ (fonnmg part ofthe finalKlstatefftets) for the 52 Weekpe{Jd frDm 31 October2022 10 29 October 2023 1 Accounting poli¢195 (wrfinuedj Debtors Accrued income ¢s included at the best tIme CA aff1nts receNable 8t the balance sheet date. 2 Income from sale of carrier bags- England Total 29 October 2023 Total 30 October 2022 Inci)me fr( sale Ofcaffr b¥Js- EngLa¥)d 756.327 1,476,992 Ineome from the sale of canier b4s- Eft9r repre$ts prcteèys of the sale of s1rwJ use ea¢Tier bags in Morrisons online busirEss in EnglarKI. 3 Income from sale of carrier bags- Scotland Unrgstrlctsd Funds Total 29 O¢tobgr 2023 rotsl 30 Octcthf 2022 Fund5 Income from Sa of carrEr bags- Scoland 107,383 Income from the sale of carrier bags- SccrtlaThJ Tepresents wcce&Js of the sate of siTrJle use carrier bags in Morrisons online business in ScclaJ. ReslrKted funds - the Sccrtiish Padiament th"puFates that income fr<yn the sale of carrier b&Js 5houhJ be used to benefbl causes within Seotland. The financial Statements Le an assurrptpM that al Scotttsh carrEr bag irwme will be used lo benefit Scottish causes. 4 Inctsmè fr(ffi salo of Trièr bags- Wales Unrestslct Funds Totsl 29 Octobor 2023 Tot¥1 30 Octcth¥ 2022 Fund6 Incorne trn sak of tArriè¥ ba9s-Wales 107.395 Income frt)m the sal8 ofcanierb&Js-Wales rewesents wc¢eeds the Sa use carrier bags in )m$on$ onli business in Wales. Reslrthd fvnds - Welsh Assemb st)Ulate$ that inc(xne from Ihe sale of Carrier bags shoukl be used lo benefit causes within in Wales. The finalat stslements tthe an aSsunvty that all VVel$h Carrier bag cOMe wiu be u1 lo benefit Welsh causes. 14
The Morrisons Foundatton Annual repprt and financial stments R¢9iSterad charity nurnber5 1160224 & SC045634 Company number 09104264 29 OctoboT 2023 Notes to the flnanclal ststements (continugdj ffom?ing part of the financ1 slatementsj for the 52 week p8rk)d from 31 October 2022 to 29 Oclotm 2023 S Income from Clothlng Banks Tolal 29 O¢10r 2023 Toi¥l 30 October 2022 Income from Cloth¢ng Banks 724,672 380.722 Income from Clothing 8anks repfesents income frcm 549 eklhing banks thated in Mo90n$ car parks plus 43 ckjthing banks in Morrisons Daity Slores130 October 2022.. 543 Mofrisons Car Parks and nil in mrnS Da1 Stores). 6 Income from Charity Scrdtchcanls Totsl 29 October 2023 Totsl October 2022 Income from Charity Scratchcards 46,113 38.905 This irthrr represents eorr¥nission eamt (lt of prizes) frcrfn the sale Mcwrisons charity scralchcards. 7 Incorne from Car Parltlng Fines Totsl 29 Octob•r2023 ToLg1 30 O¢tobgr 2022 Income from Car Parkin9 Fi5 800,000 808.094 This irrne represents a prty7 ofcar parkirvj fi$ levted in lo morriso w porks by third partw. 8 Access Polnt Donatlon Total 29 Octobw 2023 Total 30 Octor 2022 Access Point Donabts 13.602 This income represents a donation by mCYr of a prw¥tw crf thr(yJgh certaMI third paty charAy concession encieS booked into Morrisons stOS 9 Other income Total 29 Qctobgr 2023 Total 30 Octob•r 2022 Cther inc 19.384 4.470 This IrMe represents all other into The l41)rrK FCwndat. 16
The Morri50ns Foundakn"on Annual report arKI financial statements RegTrsiered charity numbets 1160224 & SC045634 Company numbèi 09104264 29 October 2023 Notes to the financial statements (conbntmlj (forming part of the financial statements) for the 52 wegk period from 31 October2022 to 29 Odoter2023 10 Charitable activitles All charitable actNrtte5 were charitable dcmations. During the perd. The Morrisons Foundation made 601 12022.. 7171 donations to charrtable causes. The Morrisons Foundation maje grants of £1.559.118130 October 2022: £2.809.492) and malch funding donations of £514.032 {30 OCtor 2022.. £557.440) in the perKtyJ. All ffonios We awarded to institutn$. An overview of grant funding for the pericJs ending 29 Oclober 2023 and 30 Oclober 2022 are detailed below.. 29 October 2023 30 October 2022 Health (Hospice Care. spe¢HI equipment. supW grwsl 59 47 S(5a1 Invesbnent Ictsmmunity transporL foc#YbaN(s. buthjw refu8hments, Ccmrnun¢ty Cthsl 20 EduG2tion IRèath'ng SLVWt Emptoymit wc¥Jrnmm•s. sywal ftt8ds s¢hooL81 13 Other (Searth arld reycAJ8. mÉntoring 5uppJrL surwi cxEr51 21 40 Art$ and Cullur¢ l¢¢mmnÈty c"ts, a. mLk%iC in hospt) 100 11 Administratlve costs Total 29 0¢tor 2023 Total 30 Octobar 2022 Administratwe costs 66,040 38.191 Adminsstraliv@ costs for the Fer¥)d included staff costs, Pr0knMal 1 ajvre, design agency work and (Aher sundry administfation fees. None of the Trustees receNeJJ any ternuneran or reimbursement d eynses dwng ped in respect of thwr seNices to The Morrisons Foundation. The audit fre is paky behalf ot charity by Vlhn Morrison Supem)arkels Limited. 12 Headcount Total 29 Oetob•r 2023 Total 30 Oet¢*Jèr 2022 Headcount 16
The Morrisons FOUlati( Annual report and financial statements Regthred charity numbers 1160224 & SC045634 Ccxnpany nvmbèr 09104284 29 October 2023 Notes to the financial statements {conlinuod) (fomiing part of the financial statementsj for the 52 w8ekpwiod from 31 Oclob8r2022 to 29 (klober2023 13 Employee costs There are no wnployees of The Trlffiiss FouThdatm {30 Octokr 2022". nA}. All staff costs are charged through adminislratwe costs in note 11. 14 Trade debtors Total Z9 OCtor 2023 Tota 30 Oetobèr 2022 Trade debto 999.239 810.798 15 Creditors: amounts falllng du• wlthin one year Totsl 29 Oetob•r 2023 Tota 30 OLtoL*r 2022 Accruals arKI d?ferred inwne 338,095 557.321 Accruals include grant and match funding committed by The Mcfri50ns Fcojndation but not paid al the and. 17
The morris Foundation Annttal pC* and finanaal statements R8g%st8r8d charty nurn 1160224 & SC045634 QpanY nurnber 09104264 29 Octctjer 2023 Notes to the flnanclal ststements (confynugd) ffomling part of the financial sfatementsj forlh8 52 we8k period from 31 Oclob8r 2022 to 29 Ocl0Fr%3 16 Restricted fitnds Balane• at 30 October 2022 Incom• Expendltsra Balancg 4t 29 October 2023 Wab$ 130.7C(11 308.959 Scotland 190.8e81 1121,5671 430.526 308.959 For details on the purpose arKJ Injst law restrKttons see ncrtes 3 and 4. 17 Reconciliation of movements In furHIs Unrpstrlcted fund Totsl 29 Octobor 2023 Tgtal 30 Octob&r 2022 Fun Atthe begn[r9 ofthe perKKI Net rnovement in IufKls in the perirKI At th¢ end of the period 2.060.066 342.376 W2.441 430,626 1121.567} 308.959 2,490.S92 220.808 1711.400 2.971.754 1481.1821 2.4.592 18 Related party transactlons There were no related party transaCnS during Ihe perKJd.