REGISTERED CHARITY NUMBER.. 1167201 ort otth• Tru uNdIted Fln•n¢lal Ststemen forthey r Ended 30 June 2024 ov Chartered Accoltntsnts IICAEW) House 11 The PfLirrÉn*e Bristol BS8 3NG
t Founthtlon FiTt•nctal Ststè for th• Year Ended 3 June 2024 Pag• Report ofthe TYu$t•e¥ IndepgndeTrtE¥amln•f8 Report St¥tsrn•fttof Flnanelal Aetr41110• Balance 8h¢et C•¥h Fltyay Stafment Not•¥ to th• C••h Flow Stat•ment Notes to the Flnancl•l Slat•mw 7 ) 11 D•tsil•d Stsfement of Fln•n¢tsl Adivitws 12
nt Foun rtoftheT rthe Year Ende 30 June The trustees pwent their report wth the financjal slat&nèTrts of the chaEty lor the year ended 30 June 2024. The trustees have adopted the provtstons of Accounb"ng and Repoilin9 by Charibes." Ststerrtht of Recomme4 Prat applithle to chanties prepanro Iheir at£ounls in accordance th the Finanaal RepO"ng StsndaTd app11¢ab in the UK and Republic of Irelar¥J IFRS 1021 leffethe 1 January 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT Gov•rnlng document The chanty ss tsjntrolled by rts governing dorArert a COTti1ubon dated 31 Malch 2016, aTrJ is a charitab52 incorporated organtsa"Dn. REFERENCE AND AOMINISTRATIVE DETALS Reghttrnd Charlty aurnber 1167201 Prfndpal addr Level 8 71 Queen WKloria Street London EC4V 4AY Tn• T C Mordaunt J C Mgrdaunt Miss S C Mordaunt ccrrte Independent Examiner N A Dandg ormald & Partners Chartered Actountsrts IICA Brunel House 11 The Pronle Clifton Down Brist BS8 3NG Approved by ordeT oftr board oftrustees on............................................. S•) on rts bèhalf by.. Trustee Page I
In ndrt Examinerfs R to Tnzst•o9 of Independgnt examin•rfs r•port to the tru¥tee8 of The Mordaunt Foundatlon I report lo the tharity Injstees on my ex8minion of the actounts of The Mordaunt Fwr¥J•lion (the Tw$t) fr)T th& yaar ended 30 JU 2024. Rosponslbllltlos and basig gf report As the charty trustees of the Trust you are resF•Jb1e for the prep3rntK of 1he accounts in a)))rdance vith Ihe quirements ofthe Charibes Ad 2011 Arf). l port in respe ol my 9xaminati of ts Tnjsfs accounts corried out under Secbon 145 of the Act and in caing out my examinabon I have fdlowed all Dw•ctth)s grv&) by the Chanty ComrnlsvA urthr So¢tn 145(5llbl ofthè IndeperKlwrt gxamln•e8 statemerrt Sinc8 your charity's gross Income èxcè(lad £2.C4X1 yr examiner must be ¥ membw of a listed body. I can o)rfjnn that l am qualiled to und8rtake the exanwnation becau8e l am a member of the Institute of Chartered Actounlants in England and Wales, which is one ofthe listed trffj¢thes. I have LY)mpletgd my •xamination. I confirm that no material matters have (a)me to my attentirm in ¢oMe¢tion Mth tho trxaminton giving cause to that in any mateiial speC acxxlunting wrds were not kept in respeca ofthe Trust as by Seciicffl 130 of the Ad,. or the accounts do not accord vthh th¢)se recofds" or the accounts do rKI comth wrth the aWuble requirements c4)nceming the fonn and c£)ntent of accounts set ou¢ in Charibes {Accounts and Reports) Re9u]ab"on5 2008 other than any iequirement that (he accounts glve true and fair view whth is not 8 matter c¢nsidered ag part ofan IThjepnt examination. I have no concm$ and have come across no other matters in conntttiffi vrilh examination to attenth)n sh)uld be drawn in this report in orderto enable a prr urKler5tan(fing ofth 0niS to be red. V D p*1 C(L43 Worrnald & Partners Chartered A¢¢ouniants (ICAE Brunel Housè 11 The Prornenadè Clrfton Down Bristol BS8 3NG i? log Date.. Page 2
Ilordaunt Foundatlon tste of Finan forthe Year Ended 30 rw 2024 2024 Unrestrthj fi¥ 2023 TDtal fijnds INCOME AND ENDOWMEKfs FROM Donab'ons aTrJ legatse5 782.122 343,467 Totsl EXPENDrruRE ON chatsb[¢ a¢tivilie Donab"ons 140,833 148,783 other 570 Total 141,403 149 207 NET INCOIIE 694,450 221,440 RECONCILIATKJN OF FUNDS Total fttnts brought forw8rd 1,C65.464 844,024 TOTAL FUNDS CARRIED FORYIARD 1.759 914 1.065.464 The notes fomi part oflhese finanrial slatements Page 3
untF Sh 30 Jurte 2024 2024 Unrestrtted fund 2023 Totsl ftjnds XEO ASSErs Inve$trnents 1,669,586 557,187 CURRENT ASSETS Ch at bank 508,721 CREDtTORS Amounts frolling due wthin one year io 15711 14441 NET CURREKf ASSETS 9J.328 TOTAL ASSEfs LESS CURRENT LIA81UTIES 1.759,914 1,065,464 NET ASSETS 1.759,914 1.065,464 FUNDS Unrthcbj lunts 1.759.914 l.L%S.464 TOTAL FUNDS 1.759.914 1.065.464 The fman¢ial statemfe èpproved by the Board of Trustees and athhorwl (or issu8 on .. and on ib tehowby". TNstee The notes lOn part olthese fmarwl slatwnents Page 4
Foundatlon for th Ye•r Ended 30 June 2024 2024 2023 Notes Cash flows from opernling activi C85h generated from operattons 417,8221 266,786 Net cash Iu58d inyprovthd by LW81ing athths 417.8221 266 786 rA•h Ilow• from In¥e•tlng thityes TransfeFto nOn-Man89 pothl Transfer trom managed portrolits 11,C(L).LNXJI l.oc.0 Net eash PmWL1Y by invesbTrJ activsbes Cknange In and e•¥h equiv•lents In th• rtrportlng peblod Ca•h #nd ca¥h equl¥al•ftts #tthg bèglnnlng of the porting period (417.8221 266,786 8.721 241.935 Cash and ¢a•h e4¥*1•ts at the end of the reporttn9 perfod The notes kjmi P3rtoflh fthanL?al statem8nts
aunt Foun to Fl w Statement forthe Year Ended 30 June 2024 RECONCILIATION OF NET INCOME TO 14ET CASH FLOVI FROM OPERATING ACTivmES 2024 2023 Net Ineomo for tr* reporl¥ry period las p•rth& Ststemerf of Flnan¢knl Actlvftle•l Adlusbnents for. Gain on investrnents In¥estrtnt incL)me Grants to institutions Transler to investrryents Donab'ons Incfta8e in creditors 694,450 221,440 142.7691 110,9621 23.455 (300.000} 1782,1221 126 115,3991 111,7811 72.502 24 Net lused inypwDvided by owr•tlons 417 8221 266.786 ANALYSIS OF CHAIIGES IN MET FVNDS At 1.723 ath llow At 30.6.24 Net ¢a8h Cash at bank 508.721 417,822 ,899 8.721 417,822 .899 Totsl 508.721 417.822 899 The noles lOn part oflhese ffftanaal stslements Page 6
IAorthunt F undatlon to the FIA ial StsteÉn ts forthe Year Ended 30 Ju 024 ACCOUNTING POUCIES Sa$ of preparlng the Ilnaneial ststemenis The finanoal ststements ol the charity, whth 15 a publ terefft enbty urbjer FRS 102. have tren prepaod in acrnrd8n %ith the Cha SORP IFRS 1tr21 'A%x3JJnltry and ReForbng by Charities.. Statement of Recommended Practice applitb to charits prep1Thg the acrounts fft aCcoan with Ibe Fiftanaal Reporbng Stsndarrl applrabte in Ihe UK and Repltblic of Irnd IFRS 1021 leffe(ve 1 January 20191,. Financ4al R¢porting Standard 102 Tr Financ4al Reports"ry Stsfidard aFplic&1 in the UK an¢ RepbliC of Ireland. and the chare$ kn 2011. The financial ststem?nts have en ppare{l uThJer the hrtorul cost convenl'on. vitth the exption of pivestments whth a indLhd at marketv8Jue, as modrfEd by the valUatIDn ofcertain assets. Int4)n All income i8 rewned in the Ststemefit ol Fmanrial Acti¥e5 On Ihe chanty has enboementto the fvnds, ¢t is probab that the income ill be r1Ved and the amount txn te rreasured expendltyrn Liabilrties are re(Wn1 as expeThjrtu as soon as the is a al or constructr¥e obb9atron commrtting the tharty to that exwndrture, r( is prcA)abk blat a transfer of ets)nomi¢ benefits will be requi in settment and the amount of the obligth.om be rneagjred relkqbty. Eypenditure i8 ac(x)unte(I for on an a(xxual$ b8s¢s and has been dassthetl Ur•r headin9$ that aggwate all ¢yJst lated to the category. (x)sts cannot be didIY allributsd tg partkwLar headiThJ5 they have been allated to athilw on a ba515 consistent with th& use ol resour. Grants off8fJ 8ubject to Condibc$ whith have not been mel at the year end datè ar8 fKbJ as a commitment but not aecxued as eXFendrtU. Tutlon The tharity is exempt from lax on acbwb"e& Fund a¢¢ountlng Unrestricted lunds can be use(1 in atxudw tAith Ihe dmritab otye(*vts atthe dwetion ofthe truste. Restricted furKJs can be used fr)r pJrthwLar restrthd purpose5 wrfhin the objects of the chanty. RestrictiorB arise when spef by the donor or fiJnd5 are raL8ed forpaFbc#JLqr restr4Cted purposes. Further explanation ofthe nature and of?ath fvnd $ irK1w in the notes to ts fm8rtcKg1 statements. DONATIONS AND LEGACES 2024 2023 Donab"on$ 782 122 343.467 INVESTMENT 5NCOME 2024 2023 Elvhlend3 an¢ interest Gainlllossl on inve5trnèrt 10.962 42.769 11,781 53.731 27.180 Pa9e 7 Ct)ntinued.-.
The Mordaunt Foundatlon the Financt•l Statements . ctsntln lorthe Yer nd•d 30 Ju CHARITABLE ACTlVtriES COSTS Grant lunding of actwth.es Isee nota 51 Donalions 740.833 GRANTS PAYABLE 2024 2023 Donations 140.833 148 763 SUPPORT COSTS G0ManCe er resour expended 570 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remweralth or other benefits fDr the year ended 30 thjne 4 nor for the year ended 30 June 2023. T5t. exper4•S There were r7 Irustees. ewses papa fDrthe yeareThJed 30 2024 nof krtt* yearended 30 Jufte 2023. COMPARATIVES FOR THE STATEME1 OF FIMA14¢1AL ACTMnES- YEAR ENDED 30Juno 2023 UnTeskncted lund 114COME AND ENDWEltrs FROM t>onab"oThs and kgaoes 343.467 Investment incom8 27.180 Totsf 370.647 EXPENDrruRE ON Chath•ble activllles Donations 148.763 er Tolal 149.207 NET INCOIAE 221.440 RECONCILIATION OF FUNDS Total fvnd8 brovgtrt for%va 844,024 TOTAL FUNDS CARRIED FORWARD 1.065.464 Pa9e 8 oJatinued...
nlaunt Fou ation Flnanci ents -con forth& Year Ended 30 Ju nu•d FIXED A&%ET INVESTMENTS sted Non-managed IrwestnEnts Inve51rnents Totsl$ IARKET VALUE At 1 July 2023 Additions Tron$lers lfteome Gainlllossl on invesbn8nt Grants to itil)n$ 557,187 1.082.122 (1.LYA).CO)I 9.351 42.768 23.4581 557,187 2,082.123 11,000.th)O} 10.965 42,769 1,OCQ.OCQ 1.615 At 30 June 2024 667 970 1007 616 NET 800K VALUE At 30 Juve 2024 .970 1.001.616 At 30 June 2023 557 187 There no invesfrnenl assets outsije the U Cost or valuats)n at 30 ju 2024 represenbJ b. sted NoA-manag&J Investments Investments Tots15 Valuats)n in 2024 1001616 1.669.586 10. CREDtroRS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2024 2023 Othei c¥editord 571 11. MOVEMENT IN FUNDS Net rfiovement in fvrnjs At 30.6.24 At 1.7.23 Unrpstrlctsd funds General tsjnd 1.C65,464 J4.450 1,759,914 TOTAL FUIIDS 1.C65.464 694.450 1,759.914 Nel movernenl in funds, irtdudod in ts abo¥e a ag ¥6.. Incomsr Re50urce$ rESr¢e$ expended Movement in fvnds Unrestrl¢lèd fund¥ General fijnd 835.853 {141.4031 694,450 TOTAL FVNOS 835 853 694 450 Page 9 connu8d...
ljonlaunt Foundatlon Finanelal ents-c forthe Year End•d 30 June 11. IA0VElEP IN FUNDS- ¢onlinu•d ComporatIv for mo¥4mwrt in fvnd-y•arended 30 Jul 2023 Net movement in funds At 30.6.23 At 1.7.22 Vnrestrl¢td funds General fund 844,024 221,440 1.065,464 TOTAL FUNDS 844 024 221.440 1.065.464 Comparatye net mov•Mt in fvThJs, indudad in the above are as fol)•&%." IrNxming Resourr expend&Y Movement in Unmtrfct•d funds Generdl fuTrJ 370,647 1149.2071 221,440 roTAL FUNDS 370,647 149,2071 221.440 A eurrenl year 12 monlhs ar¥J prior year 12 months tsJrrt>i positi)n is as I.. Net movement in fuThts At 30.6.24 At 1.7.22 Unrestrkt•d lunds General fttThJ 844.24 915,890 1,759,914 TOTAL FUNDS 844.tr24 1.759 914 A OJT¥ent year 12 months and 5>r yew 12 month5 clre net fvnds, 4u#d in the above are as folkJwJ.' IneomiTrJ Resour resrCeS expen¢Jed Movement in fijnds Umestricted fvnd• General fijnd 1.206.5C (290.610} 915,8 TOTAL FUNDS 906101 Pa9e 10 cA)nb"nuèd...
rd•unt Foun Financial Sta for th Y•ar En rnents- contsmfvd 30 June 12. ReLATED PARTY okLosuRE$ ThereWe reL4ted party trartsad)ns fof the yeafended 30 June 2024. Pa9e 11
Th Mordaunt Founda Detat Slatemen ot Finan torthe Year End•d lal Actlv ne 2024 2024 2023 INCOME AND eNDOWMENTS DOnaon• and ltrg8cl¢s Donations 782.122 343,467 Invesknent Incomg DNidends and interest G8inll10s51 on investrnerrt 10.S62 11.781 53.731 Tot•1 incorn5ng re1¢$ 835,853 370,647 EXPENDfwRE Ch•rftabl• xctivttle• Grants to instituth?ns 140,833 148,763 Support ¢tr Go¥¢rn•nee eosts Accountsncy 570 Total $jrS exFerKled 141.403 149.207 Net incom& 221.440 Thk8 page dges nol fomi partol stalutory fala1 Slatwnents Page 12