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 rep￿8￿1 financial statements Reg￿red charity numbers 1160224 & SC045634 Conpany number 09104264 29 October 2023 Contents Page Reference and administrative inf0m￿tIC 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 (ReS￿ned 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 A￿l$Or Company reglstratlon number 09104264 Charity rrylstration numbers 1160224 (Charity Commission) & SC045634 (Office of the Scottish Charty Regulatot) Prlnclpal Hilmore HOL￿, Gain Lane. Br￿f0rd. Wesl Yorkshire, BD3 7DL Indep&ndgnt audttors PricewalethouseCooper8 LLP. Central Square. 29 Vlellington St, Le8ds. LS14DL Bankers HSBC Bank PLC. Regional SeNice Centre Eurcpe. PO Box 125. FI¢￿. 62-76 Park Street. London. SE1 9DZ Legal advlsors Wrigleys Solicitors LLP. 19 Cookridge Street. Leeds. LS2 3AG The MOrr￿￿5S FouTrJation Annual and financAal ststemènts Rggkstered charty Trum￿1$ 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 aL*Jrted financial statements ofThe Morrtsons Foundation I'the Charity.) for the 52 week per*)d end￿ 29 October 2023. Accountlng reference date These financial statements rep￿sent the 52 week perK*J 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 eXeMpl￿n frcm preparing a strategtc report in accordance with s8Ction 414B of the compan￿ Act 2006. Objectlves and activities The Morrisons FOundat￿n 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 F￿ndat￿ conducts its affairs exdusNely for the publ benefft is met by ensuring that all d￿jaI￿nS are made to ehant*s regL8tered in EngLgnd, ScotLand or Wales. Donations are made in two ways.. By match funding Ihe money raised by Morrison Supermarkets Limrted ('Morri50ns') cOl￿agues1or charities ('Malth funding programme'l.. and awarding grants to ch¥ilies which help to make a [￿sit￿e 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 appl￿titIon 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 col￿agueS can make appI￿at￿)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 apPI￿allOnS lo The Morrisons Foundatiors specialist ￿spons￿le 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 m*e 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 e￿sts 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 cL￿mISS￿)n'S general guIda￿e on public benefft when revivwing The Morrtsons Foundation's grant making policy. The Trustees are br￿ by The Moffisons FoLtndation s￿lalISt on all app1￿￿.0nS for grants which meet the crf(eiia $81 ovl in the grant policy. Al decisions relating to such gr8nls are m￿e by the Trustees. The Trustees vole on the oulcome of the application, with a Maj.￿[tY in favour rwjuired for the app1K*￿n to ￿ approved. The Mcwrisons Foundation Annual report ar¥J frnanual statements Rg3iStorgd ¢harity n[￿b￿S f160224 8 SC045634 com￿nY 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 per1￿j 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 A￿esS Point Donation- MoThisons donates a pr¢¥￿[L￿n 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 pU￿1C 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 carnpa￿n has t*en 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 wth*s Close￿ with Wm Moirison Supermarkets Limited to ensure the ¢￿p1K8￿Ce 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$1stent fundraising approaches or undue pressure to d￿ale and th¢ nalufo of the way in which fuThJ$ 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 fund￿9 arrarwJements. Investment The Trustees have WFde p￿erS 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 adminislr*ion 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 I￿neY mathet inve5tmefils which all￿5 the foundalwjn lo recetve addit*wl interest income. This balance is nil in the current and prior periods disclosed within these financk41 statements. MOr￿onS 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 wh￿h 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 Imp￿1 of future plans and eornmrtments. Given the intention lo restrict &Jminislralk?n expenses lo a l(yw level, rbjt exceeding 3% of annual inc¥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 m*erialty 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 misstatem￿1 of the other infom1at￿n. If, based on the work we have performed, we conclude that there is a material misstatement of this other Inf￿￿K$n. we are required lo report that facl. We have nothing to report based on these responstiilities. th respect lo the Trust*s' Rep(xl. we ako c4)nsidefed whether the disclosures required by the UK c￿￿panieS 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 UTh￿ertaken in the coutse of the audrt the information given in the Trustees, Report, for the financial year for which the finane41 staternenls prepared 15 cons￿ent with the financial statements., and the Trustees, Report have been prepared in accrytsnce with ¥plvble legal requirements. In addition, In1￿h1 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(￿&bilIt￿S ofthe twslees forfhe f￿an0￿1 slalements As explained fnore fully tn the Statemenl of Tru51ee5' ReSF¥JnS￿l lrtie5. the trustees are responsible lor the preparatton of the financial statements in accordance with the ap￿iCable 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 misslat￿nent. 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 con￿rn and using the going concem basis of accounting unless the trustees eriher intend lo1￿um￿ate the chantabb c(Mnpany or lo cease cyerations, or have tv) realistic aAernalive but to do so. Auditors. responsib￿11￿$ the a￿trt 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 ab￿1 whether the financkal s￿￿ements 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 h￿h level of assurance. but ig not 8 guarantee that an audrt conducted in acwrdance with ISAS {UKI will a￿ayS 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 wh￿h 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 finan￿81 statements Registered charity numbers 1160224 & SC045634 Company nurnber 09104264 29 October 2023 management's incentives and opwlunities for fraudulent manIpuL￿10n of the ffinaneial Statements (including the risk of override of controls), and detemined that the P￿￿1PaI risks were relaled lo the mi$approwatKJn of assets. Audit pro￿lUreS perfomwj induded: Diseussw)n with manage￿￿nI and those charged with g)vemance induding consKleration of known or suspected instances of non•cornpI￿nce With1?￿ and regulth.on and fra￿. Testing the approval and payment of amounts reL8ted lo tharitable activitiès.: and Incorporating an elanent of unpredithbilty into our testirKJ ¥PTQXh. TheTe are inherent limitalKMs in the audit prwlures descrit)ed atx)ve. We are less likety to become aware of inslanc68 of non-compliance wrth laws and regulation5 that are not dosdy ￿lated to events and transactions ￿ected in the financial statements. Also. the risk of not detecting a material misstslemenl due lo fraud is highef than the risk of nol detecting one iesulting from wr￿, as fraLhJ may invobrn delib8fate conceakn8nt ty, for axarnple. f￿ry or intentÈonal misrepresentations. (v through collusion. A further descrlplion of our responsibilit￿ for the audit of the finanaal stslemenls is I(￿ed on the FRC'S websile at.. www.frc.grg.uklauditorsTespon$ibilrties. Thts descript￿n fom)s part of audrtors, report. Use of this report This rewjrt, including the opin*)ns. has been prepared a￿1 onty for Ihe charitabk cL￿pan￿$ 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$. accept or assume responsibilty for any c*her purpose or lo any other person lo whcffi this report is shown or into whose hands li may come save where expressty agreed by our prior consent in WTrting. Other required reporting Matters on whlch we are required to report by exceptlon Underthe C¢xroanies Act 2006 and The Charit*sAccounts Iscotkndl Re9￿￿tionS 2C￿ las amend*ll we are required to report lo you rf, in our opinion.. We have not obtaI￿d all the infomialKJn and explanations we require for our audrt., or Ailequate and proper accwnb"ThJ re￿J￿d$ ha¥e not teen W or re￿rnS *uate ts ow a￿lit have not been received fr￿ bra￿heS not visrted by us: or Certain disclosures of trustees. remuneT*"on spe¢rf￿d by kn are rÉol made., or The financial statements are rw)t in 4reeffent with the x¢c￿ntIng records and retLtrns. We have no e￿ept￿)n5 lo report arising from this responsibilty. Enlttlement to exemptlons Under the Companies Act 20LK we a￿ reqUI￿d 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 Mo￿￿On$ Foundation Annual rep¢yt financial statements Regi8Èred charity nurnbe￿ 1160224 & SCO￿34 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- En￿aTr Income from Sa￿ of rarrk?r bag$- &oU•Th Income from sa￿S 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 ex￿nded 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 01￿￿￿d 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 m￿riSOn5 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&r*nts. 10 The Morrisons FouThJatson Annual rep¢Jl and financial statements Register8d d￿lIty 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?str￿t￿ 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 $tstements Registered charity numbers 1160224 & SC045634 Company numbei 09104264 29 Oct(l)er 2023 Cash flow statement for the 52 weekperiod fnyn 31 Oc¢ober202210 29 I￿ober2023 S2 w￿￿ ￿110￿ 52 w8¢k peri¢xl ended ended 29 O¢tobgr 2023 30 OGtober 2022 Net Incomlng reBourc•• 220.808 1481.1621 h1ovem￿t In". Tra¢Jè dtbtors 1188.4411 1219,2261 1186.8591 1608,1371 59,207 11.030,0921 Creditors Nèt ea8h louth*)wVlnllowfram 0￿rating aetlvltl•s lD•¢r•aseyÉn¢r•￿* In cash in thè pertod OpenirKJ cash al bank and in hand CIo8ing cash at bank and In hand 1186.8591 2,237,115 2,060,256 11.030,0921 3.267.207 2.237.115 12 The Morffjons Foundation Annual and finanoal St*Mp￿ts 8gi5tsrod charity numter5 1160224 & SC045634 c￿panY number 09104264 29 Oclob8r 2023 Notes to the financial statements ffom7ing part ofthe financ￿1 statements) ffor the 52 week peiiod fr(Nn 31 October 2022 to 29 Ocloher W23 1 Aecotsnting policies The folk)wing accounting policies have been applied c(￿1s15tenty in dealing with items wh￿h are conside￿1 material in relation to the finanGial statements. Bas1$ of preparatlon The financi81 slalements have been prepared in accordan￿ with Accounting and Reporting by Charit￿$.. Statement of Recommended practi￿ appl￿b￿ lo charrtvas preparing financial statements in aC￿rdance wEih the Financial Reporting Standard applicable in the UK and Rep(tb1￿ of Ireland (FRS 102) (effective 1 January 2019} - {Charities SORP IFRS 1021), the Financial Reporting Stsndard applicable in the UK and RePU￿[C of Ireland {FRS 1021, the Charities and Trustee Investment (Scotlandl Act 2￿5. regula￿￿ 6 of the Char*ties Accounts (Scoljandl Regulations 2006 las amended) and the Cc¥npanÈs Act 20C6. The Klorrisons Foundatk)n meets the definf(ion of a public benefft entity under FRS 102. Assets and liabilit￿S are initialty recognwl al h¢slorul cost ortransaction value unless otherwise slated in th& relevant accounting policy notes. The Trustees have concluded that The Morrisons FourKlation has adeqLbale resources to continue as a going concem for the next 12 months, and accordingly the financial statements have been prepared on a going concem basis and on a historical cost basis under the accruals concept rther than as stated belcAv. Incomlng resources Income is recognised in the peried in Vth￿h entitlement (Kcurs and can be measured w¢th reasonable certainty. Income is defefred only when The Morrisons FoundalA)n has to fv￿1 condit￿5 ￿lOre b￿CthIng entil￿d lo it. Rèsources expended Expenditure on charrtable actNilEs is included on an acc[u￿S bas￿ on notfftation lo the relevant befteficiary. Governance costs relate lo those costs incurred in connect¥)n wih compliance with constitutional and slalutory requirements and are r￿QgnIsed on an accruals basis. Unrestricted lunds Unrestricted furKls represent funds which are expendable at the dwretion of the Tnjslees in furtherance of the *)jecbves of The Morrisons FoundatKM. The use of the funds has not I￿n reslrieted to a Part￿Ular purpose by the dof)or or their iepresentatives. Restslcted funds Restricted funds consisl of d￿8110￿$, leyacies and grants r￿eNed, for which the donor or grant gNer has specffied the pU￿oSeS 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 a￿led solely for charitable purpJs8S. Cash at bank and In hand Cash at bank and in hand for cash Ikjw w￿lSe$ 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 oblMJatK*n 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 finalK￿lstateffte￿ts) 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 ￿tIm￿e CA aff￿1nts 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 Ofcaff￿r b¥Js- EngLa¥)d 756.327 1,476,992 Ineome from the sale of canier b4s- Eft9￿r￿ 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 Scc*la￿J. ReslrKted funds - the Sccrtiish Padiament th"puFates that income fr