RErn CHARITY NUMBER: 1167201 fvrtho Y•ar Jun Wormald & Parthe 11 Thè Prrrn*JE ciiton D(Mn Bristal BS8 3MG
o Ananc r Endod un P•9• Report ofth•Tntstses 1 to 2 R•port oltha 1nd•PdentAlldItOrn 3 to S Ststsm•ntof FSMn¢T•lActlvlil•s Nots• trJ th& Flnan¢F•l St•tements 10 to 12 D•tallod Statsm•ntof FIrn¢la1 A¢flvltl#• 13
Founda ne20 Th& trustees pro$ent their rèport the fin?1 strtern of Ihe tharity for Ihe year ended 30 Je 2025. Th8 trustees have adopted the promions ol Accowti arKI ReportEig by Char(08s". St81mnt of Recommend Prath"r aptyble to tharitss prepariffj tt"r amrts in acrx)TdanLEWTth Finarad ReporttYd Standarrl èppl%)le in Ihe UK and Republic of Ireland IFRS 102118ffeth¢ 1 January 20191. STrUCTUR& GOVERNANCE ANO IAA14AGEMENT Governlnq dxum•nt REFERENCE AND AOMINISTRAThE DETAILS R•g¥tsred crtty numb•r 1167201 Pn¢1paI addrosJ St Andte%¥s Hou59 St Andrth¥8 Road Avonmouth 8rkst 8St1 9DQ Trusts88 J C Mordaunt S C Mordaurbt CCTrte Audlt•rd Womiald & Partn8r5 Ch&4 Accounts IlCAEWJ Brunel Hi)US• 11 The Prorn8nad& ClnloA Down BS8 3NG STATEMENT OF TRTE£s. IiespoN8IBILmE8 The trustees are respon5ibte ftjr prepariro the ReFQrt of Tr1 ¥¥J fmanraal statements in ararre w applicab aTrJ United ngden StaThJards (Llmbd bfjnoJom GeW Acc4pted A¢ttiuAb"ng Pracbcel. Charity law reqtsires th8 tne8 to prepare sl2tem8nts for ath fin¥oal yoar. Under Ihat tsw, trust86S Practf8 IUnit8d ICin9kn Accounttiyj St•aJ$ and aFvlkat48 Iw). Under ¢h•ity the truste85 rnust not 8pprrN8 ts fin8rti Statn uthss IW saiisfiod Ih8t th8y give 8 tr and fair of th8 sl of afvrs of the caity of the HLCCthW rwJrc8s of r9¥gUr$. indth1wY4 Ihe income eypgNlitur8. 01 tho thTty for that P8nod. In prerOAW ffinantsa statements. the trIL8tees a requwDd to sdect suitable 8c¢oimting pOIre$ and then appty Ihem congislenty. observ• th6 m8tlM)ds and prncpkn Ihe Chantss SORP.. rnak8 judgements and 88timatss that are S0n pnthnt stale whether apPIable 5taTrYards have been $14e¢t lo matwiBI departuras and 8xained in the finanoal Statts." prepare Iha finarri on LX)ncm bas wl8$8 it os kn4wrwia ts) Pm5um8 thatthe dlarity wdl continue In tsIn. The trusteas are Trsp¢nstsk fDr k88piw properaccouRting re¢oth whith disdose with reasonablè acwracy at any tim8 e finanoal positB)n of ihe charity and to anabk8 them to ensure thal the fiar181 stat8ments compty with the Charibes Act 2011 and The Challty (Accounts and Repots) ReyLtstioll5 2(. TW a¥8 also responsth ts 5af8guarthng th8 assets or the th•ity arnl for tskyvJ r8asonab 5t8ps lor tha prention and dete¢tion of tra 8nd othet re9e& Pag6 1
Found*tbn % vne2 2TrJ sim on ts beh#lfby. J C Mordawrt. Tr(tstse P•Je 2
rdaunt Foun Oplnlon We have auditsd th• financjal 8lai•mants of The Morda# Foundation lthe 'caTiV) for Ihe year 30 June 2025 vthh compris8 the St2knent of Finanoal AdMb05, the Bala Shoet, tho C85h Flow Slatement and notss to the finanaal staten78nts. o sLThmary of $giNft account9 The Trportin9 frnerk that has been apklJ 7 tsir is aFOi¢2t4e law ayl Unibj lfjng(th Stalards Iunrtad n9orn In our opinion the finallcial $tat8ments'. gw8 a true and lair view ol th& state ol the tharitys affwrs as at 30 JUM 2025 and of its rB80Ltr(ts and 8ppli¢ab"on of $1yJrcèJ. fDrth8 yearthen eThed.. . have bEen property preparBd in ar[dan %%3th UNted lfjryyom Gen¥ty Ac(ptwJ Aty)xnbryJ Pracb"c' and . have b6en Fwored in gcrxydancowth the r8qullwrts ofthe Ch•ils Act 2011. Ba$1¥ lor oplnlon We cMduct8d our audit in accoTda wilh 1nlwnabon StJJa¥d$ on (UM USAS IUK)) and applica IAW. O sponsbile$ undor thosè staTrdards are fijrtT dosoited #i the Authtors, re8ponsib9 for the audit ol the finarscial statements section of our reporL ar¢ inderothnt ofthB d4nty in act(anCe v1tr4 ts ethicaF requiraments th8t OT relevant to our aud4t ofthg fjn8nfA81 stements in UK inchJd9 the FR¢$ Elhiul Stsndarf, ha fvtT&d our other ethiul resporsikn.ftrs in &Y(la(e with these requirerwts. We b8lEev8 that thè auoll oMdene8 wo h8¥8 ObtsEd is and appropriat8to prOvJea basls ts wct¥nion. Con¢lulons relatlng tts 9olno ¢¢)riewn In aUdtIng the finanual $tstem•nts, w• have concathd tha¢ Ihe In&stees' ofthe gc4r¥a g)ncem bgsis ofaruuntirg in 8#sètt on the vKqk we hav8 Ferfo¢. we haNe not thntid arry materi81 wcertoffttitss TpL4tiTrJ ID evenls or conditions thal dadUa1y or ¢olle¢lity. rD3y C4St s¥Jnfftant dotht on tho ¢haiiV$ abrty to ))ntinu8 as a corthm Icr a P6rfod ofat leasi months when th8 finanaal $tatements am #utt fori5 Our respons1bl.eS ar¥J ¢h8 of Ihe Intstses %wth r8SFd to goTrJ COrK ar• the relevant sections of this reprt Oth•rlnftrnitlon T1 trust888 aT8 r85portsiblg frjr th8 otrw infr)matyorL The other infomiation c¢ynpAses the inlormation indtyJed kn the Annual ReporL othar Ihan Ihe fin1 stathents aTrJ wr Rep)rt ofth6 IndeJent Au0t¢a th8r80n. OUrl10n on the financ Stat does cothe ottwintomiatiu7 aThJ. vxceKrt tothe ethnt)thwithexpliaty In rxJnne¢tiM witt) our 3j11 of th• financd ststernts. wr resK$ty ts to rEad the other information , in doTrwJ 50, consbler wheth8r the Olher inf¢M)atir i8 matEriJly trKonsthnt with Ihe financ4d statomonts or our knoled obtained n the audrt or other¥w68 appears to bè mattitlalty misstated. If wg m1enl.fy suc material inconsistsnci&s or apparent maierial mi%statements. we are rw4wrJ to d¥teIne whetrer Ihis gNes rtse to a maten.al misstatement in tIE financHI statements thwnselves. If, based on the hav8 p8rform8d, we corKaude that Ihere ¢ a matèrial mis$tateTllOnt of Ihis olh8¥ lAfOrma0Tr, r8quirgd to reportthatlacl have nothuw tg ryrt tth rogaid. M•ttern on whl¢h r• r•qulTrd to r•port by W¥ havo nothing to report in r8spect of th? folkn¥irpJ rnatt vther• thD Chariotis Repytsl R]73C$ 2008 require5 US to report to you rf, ouropin1." the inlom)2b"on in th• Rgport of ts Trltstèès Is any matetfjal respèEt the finanf381 staternents". or suffiaent accounting records ha not bèen keptr. or the finarKial statements not in agroem8lltw¥th Iho accounts record$ aThJ t•tynL,' or have not receEved all thè infomation enations rewire for tyJr3LllJ Responslbllltles of trusts•8 As ewatned more frjty in th8 Stalemerrt ofTn•tees' ResponsibSbe5, Ihe trustees are responsble forthe Preparatien of the financAal Statsmenls whi¢h gNè a truo and fair view. and for sut teMal ciyitrol as the trustees determine 1$ essary to enabk thè prratiC of statlb0nts th&18re Ir8e moterial missta18men( whether t# to zud or error. In preparir¥J tha financial statwnents. th• tru$ta•s are r85ponsit48 fo¥ 2868ssirg the carWs abilrty lo continu8 8$ a oing ¢on¢4m. (5clostng. 85 applicatle. rnatte related lo goiThJ ¢ncom n9 the grrf oJnc8m bas of aGGounts'ng unless the trustees inteTrl to I¥1ulale the charity orlc (*ase t)perotion5. or have rn realistic altematv¢ tK> do P•3e 3
the Inde dltoTr to th T Mordaunt F Our r88pon81blll•l lorth• audtt of th• fln•n¢ial tstsmonts We have been aFwnt8d as auditots under Sectsw 144 ofV Charlbes 2011 and rnF#Nt in with the Act and relèwitfygu&ty"ons m•Je tr haThJ effecllhereuts. r obje(ves are to obtain reagonabh asJrarts about Trthihar th8 fn¢t Statements as a vthola are free from material miEstatern8rt Wheth0rd to fraud or arror. and to B5u8 a Report ol Ihe IndeperthTht ALklitors Ihat indudes our onion. Reasonable assuranco is a 9h èvel of asSUraTh. LS Th)t a guarantee that èn aU1t conducbj in accordarKg 1th ISAS IUKIWM ah¥ay$ dtriect a matwial misststem•nt 8xasts. Mi%statements can arisa from traud th? ecoryynt derysians of users tskèn on th8 bass of th•se finarKsal staternents. The exient tg whlch our prrK&Jurgs are ¢ap3bl8 ofdetethng Irregular8& incaKIty fra¢AI is d8lAW b8kw. Id•ntlfylnq and wMlng pot•ntlal fvlal•d to ITr8gul•rfll•# - In 4thntyn9 and assessing rkS of material rn155tstsm¢nt * rnspect of irregular05. fraud rM)n-cWw laws and fegukbon$. mrBidored th? foll(wl9.. ItiVe& bl Th¥ SuIts ofoursp8cffi¢ enquives ofrnanagn8nt and ¢r98dhith atsotrr own i¢ton Dnd assessment ofthe risks ol irregularib85: prlUrES. rdaong to". - thntfying, evoluafjn9 afKI comptying wth la8 regulalh)M ty"were awar8 of any instanc8s of no[bmplianC•. - ¢Jetscting and rasponding lo Ihe riths of frwd wth8ther IW ha¥e kri of any aduat, St or alkged fraud. -the intemal tsstat4tr) mOigate risks offraud or with rgJthbo l The matt•r5 discussad wnony Ihe art ervJogwrrt to regarthr htrw and frawj might ocojr th¢ finaTrtyal ststornents and any potential indicat>rs of fraLhl. A¥ a resutt ofthese pm(Juru, we nside8 the orwrbJThtiBs inrtntis th may emt wrthin the org8nisation ter traud and rt1tnb.fted the grèatest potentsl for frJtyJ in the folkM"r4J arealsl.. tho QC¥JgNtion ol ravènue. In common with 311 audits und¢r ISAS (UK). are also to perfD SfiC w¢Jr8dure5 to respond to the rk gf manag&nent OV8fflde of controls. Wo at80 obtsined an Underg ¢fth8 bjal and mgu18tory {re¥rkS the ¢IpanY ¢)pwats3, yocusing.on provisDns of those law8 and fegulation¥ thal a dect efiect on'"ihe tjetem1jnall of materkql amounts 8nd di8dosures In tr finarrial ststernefits. The key Law5 8nd re9athS we ryIn5eI ift thts context ind the UK ompanies Act and tsx legkrylation. In additson. con5thred provlsi¢)ns of laws and rtyulabon5 that do not have a (fir8cI effe¢t on tha finaThal staternonts tArt compliance yalh may be fiJThJamenlal to Ihe corypanys ability to ffjeratg or to avtyd 8 materi P8naky. Audlt r•spoil to rhks Id•nliii-ourprSUr89 to Trspond to 115k8 identifi8d 4ndwJed th8 follcts".. al RewewuvJ thg finanoal ststement (ftsclosurgs tèstirvJ to $uppoibng (k]utrnentstic 10 8S58s$ conipllant I1h provi%ions of relevaAt laws aThJ regL4ations destxw a5 h8n9 a ¢irecteffEct w Ihe frnancial statements". bl Er4rt 0fManage ncerni1¥j aal potentjal IgaI and dain4 cl Perf¢miing anY1¢al procadures to Klentify or rekn"on$p¥ that may Indlcate risks of mat8ri81 misststement dL to fraud,. dl Rggdmig rninutes ofm•ètir#Js olthos• th8ry8d vthh gtrrtman'. ar¥J 61 In addressing the risk of fraud through managemerst owerride of contrrAs. testing the appropriaten&s$ of journal 8nMes and othèr a'ustments.' asse9 ether the jud9ements made in mokin9 &0)unting ¢sJ"matss are indicatNe of a Potsnual blas". and evaluatw tlh• ralW olany sWJntfic8nttrarfrons that Un cr oulside the nimmal ctyjrse of busine55. W8 also communicatsd refit K10rttrfd Laws and re9uktrons 8nd wtenbal fraud risks to all erwagernent team mernbers and r•main8d alart tr any Indicath ol frawj ly non-ccthF4on¢* v•ith law5 and ragulatlots thiwhout the autht
Inde ndent A The Mordaunt F rs to th• Trns hilst procedtsw above describe the extent to whth our procedures ar• Capab of detectiThJ irr•gularibg$. induding fraud, there are inherent limitatiffis in these audit prc£edures. The fvfther removed nrm-compliance laws and regulatnS is from the events and transactic$ fleCted in the fin8noal statements. the likety we would bèwme aware of it. Also, the risk of not deleding a material misstatemenl due lo fraud is htgheT than the risk of not detecbng one reSUn9 from error, as fraLKI may invdve deliberate concealmènt by. example, misrepresentation or through collusion. We are not responsible for prsventing irregularrties, indudirvJ fra. OT non-complianee with laws and regulations and cannot •xpectsd 19 detect all irwulanlstrs or non-0jnpance with all and regulations. A fvrther descriplion of our responsibilrties for the audrt of Ihtr financyal StatentS is located on the FinaTla1 Reporting Counal'5 website at wWw.ftc.g.uk1aUditOrSTeSportsl1theS. This deYKripliM forn part of our Report of the Independent Auditors. Use of our rgport This report is made solety to Ihe ¢hariV¥ trustees. as a tody. £rydance with Part 4 of th• Charibo5 IAcc4Junts and Reports) R¢gulations 2C4J8. Oui audit WO ha$ been undertaken $0 th8t we might stste to the charitys twstees those matters we are requId to State to them in an auflrtors. report and for no other pufp058. To the ftjllesl extent petnttj by law. we do not aept or assume responsibility to anyone other the charity and the cariils twstees as a body, for our audrt wrKk, ftsrthis report. or for the ownions we have fonned. DIlipkrnar Patel FCA ISènic>r Statuiory Auditor) Chartered Accousrtants IICAEW) Bwnel House 11 Thè pronade Clifton Down Brist BS8 3NG Date..
unt Fou latoment of Fl nded 3 2025 Totsl 2024 Total rtds INCOME AND ENDObVMENTS FROM Donations and 1.117.643 In¥e6tsnentintsJr TDtsI 1 191 $78 ExpeNDITURE ON Charttable A¢tSvlllo8 Donabcns 147.799 140.833 - Other 570, Totsl 150.799 141,403 NET INCOME 1.040.777 '" . 694.450:. RECONCIUATION OF FUNDS T1? funds bro]ht forward 1.759.914 1.1x5.484:. TOTAL FUNDS CARRIED FORWARD 1.759.914 1..
Fance UA 2025 Total fiJnd5 2024 Total Jnd5 FIXED ASSETS lnv9s1rnts 1.965.579 1.860.5 CURRENT ASSETS C8sh atbank 818.112 .899 CREDITORS AmoEmts fa¥ty)ydu•M*thln cne y 13.rKKIi 15711 NET CURRENT ASSETS 815.112 90.328 TOTAL ASSETS LESS CURRENT LIABILMES I8,691 1,759.914 NET ASSETS 28691 1759 914 FUNDS 10 2.800.691 1.759.914 TOTAL FUNDS 2 800 691 1.759.914 werè$wJned on ts behalfty. J C Kioidaunt- Truste8 Page 7
Th• kl Tdaunt Foundaflon I C h Flow Ststem e Year End ne 2025 2024 Nots C••h flows from operntlrt4 acllvlll Cash 98nerate(l from opèrations 727.213 Neteash P[B byllwed inl QFerat#w * 727.213 Cash novrd frMI Inv••ttfW acUvlll•s Purchasfr of fixèd asset inyeslments Sale of fixed assw investrne G#ffl on invethent Chwnge In cash bxI tash equlv•l•nts In the repgrtlng perlod Co$h and ¢a¥h equlvahnts atth• glnnlng otth• r•porfing porfod 727.213 1417,8221 Cash and ¢•sh •qul¥l•nts •tth• end of th• r•portlng p•rfod 818 112 ).899
eca d30 une 20 RECONCIUATION QF NET INCOME TO 14Ef CASH FLOW FR04 OPERATING ACTMTEES 2025 2024 Net lttcom• fgTth• w•porflng p•rlod las p•rth• Stat•nMrt of Fln•n¢fal 1.040.77T 94.450 Adjustments for. G8in on eStrents ljvtstrngnt incorne Grants to Transfer to inve¥tmgnts Donats"ons Increa58 in cfeditors 119,2121 154.7201 57.939 142,7701 110.5621 23.455 1300.0001 1782.1221 727 I.Ocol Il•t¢a•tt pYoYld•d byl(us•d 4n} opwatlon• ANALYSIS OF CHANGES IN NET FUNDS At 1.7.24 Cash At 30.625 Not ¢a$h Cttsh at bank 727 213 818.112 727.213 818.112 Totsl 727 213 818112 PagE 9
The M rdaunt Foun Lal forth ar Endèd June 2D Accoui¥nNG POUCIES B•$li of pr•parlng th• financlal •t4tsm•nts The finantsal 5tat8ments of carsty. r8 a puNic entity FRS 11Y2. hav8 been pr8par6d ac¢ortlarKe wdh C1weS SORP IFRS 1021 'Accwnting and Reporting by Charibes.. Statsmefit of Recornm8nded Practice appl to charitss prwarry Ihe actsjunts in arzordarta with the Finanaal Repoktirg Stsndard applK3ble in th& UK and R8publ¢ ollreland IFRS 102} lèff8cve 1 January 20191,. Finanoa Reporbng Standard 102 Tr Finanoal Rwrbn9 StaThJard a)5e the UK aThY Rewbk of ITdand' and the ChareS Act 2011. Th8 firAnc4al statements have prepar&J under the htstoti¢al cost convenlon, With tr excgpyon of invwtrnants whkh 8rn at marketvaluo, 85 by tho fevaluat)n of¢ortain gs$ets. In¢om• probabl• Ihatth8 int))movri te aTrJ th8 lloLtht te maa5ur•d mrUy. Exponditur• LIalItieS a rothgriwy as aXFnthth as SO as there is • W or consthKtvg oblvJ8tion ¢FJnmitting Ihe charity to that exrenditure, it is prcbablB that a transfer of en(¥n¢ ban8fits wll be re4wred in"settlent and the ant of the obwgation can be measured Kew. EynditsJr8 ac£ount8d fr)r on an aCCral$ ba5i5 and has da55iffed urvjer headtrwjs that aggregaie 051 ¢ost reL3ted to the ¢4tegory. Wnere ¢osts cannot be directy atrffjbuted kn pai¢uL4r headings they have bgeji lOCated to athitses on a basil cons$t8nt wth th¢ u60 of rosourcs. Grants offared subject to ¢¢rKJilitrts ¥& not been mel ai lh8 year end tyate rthd as a wnnY%kn8nt but not accr1 as eyno7ture. Taxatlon Th8 ¢haity exwnptfrom tax on its rtharrtable aciMbe& Fund accountlng Vnresthct8d funds can bo u¥J in attordance the charitab10 Obl•¢v at th• diÉcrobM ofthotrJgt40. R8strictg(l tan used forpartI reskncw wrposes within the rt¥"ects ofth¢ tharrty. Resbiclor aFiseD sFqafigJ by th•dcffior or frjnds ar¢ [alParCthr Yeslrithd purposes. Further expt8FMkn oftr natsKe pwp088 ofeaL is in(Jdod in the notss to fthanc¥81 statements. DONATIONS AND LEGACIES 2025 2024 Donations 782 122 INvesTMENT INCOME 2025 2024 Diwdends and illtt Gainlllossl on in51M81rt $4,721 10,962 Paqo 10 o)ntiTrL*d...
Th• Alofdaunt Fo Notes to tho Financlal ar temen -co 2025 Grant fundw of (s88 no 51 Donation8 147 799 GRAP PAYABLE 2024 Donak 147.799 140.833 SUPPORT COSTS Governan costs ¢Jh8r rosourcs eyp8nd8d TRUSTEES. REMUNERATION AND 8ENEFITS There were no trustees, l8murration or other beneffts for lh& year 30 2025 t)or thx year 8TrJ8d 30 June 2024. Thwowwe no trwlo6s' wxporws PaKI fr*lhe yearernknj 30 J¢Jno 2025 Th)rforth•yw•thl8d 30 Juna 2024. FIXED ASSET INVE8ThIENT8 Manap kntMn Inv8sknerrts Totals MARKET VALUE At l Juty 2024 Additions Inwme Gainllloss)on in¥Bslrnent Oonabons 667.970 31XI.I) 8.755 21.694 1.001.616 1.e£9,586 54.720 19.212 57.9391 (2.472) At June 2025 1 985 579 NeT BOOK VALUE At 30 202$ 940.470 At 30 Jun6 2024 667.970 1001816 1 669 586 Cost orvauation at 30 ju 245 represenw ty. VahJatioA in 2025 940.470 198S.579 Pago11 c4ntinued...
The Moyd undatlon th• F]nanclal Stat rthey d30 une 20 CREDrroRS: AIIOUNfs FALLING DUE TtHIN ONEYEAR 2025 2024 571 MOVE1 IN FUNt)5- Y••r End8d 30 Jun• 25 Net movernwt In lunds Al 1.7.24 30.6.25 Unr9str1¢tsd fund• Genernl frjnd 1.759.914 1.040.777 2.800,691 TOTAL FUNDS 1759 914 Incwkin9 R8sour Movemant Unr•stsl¢t•d fund Genaral Iwl 1.191.576 {150.7991 1.040.777 TOTAL FUNDS I1916 150.799 Comp•ntiv•• tormty¥•m•ntln fun-Y•arEnded 30 2024 Net At 30.624 At 1.723 ) fur Unre8trl¢tsd lund¥ General ftd 1.IA5.464 1,759,914 TOTAL FUNDS 1 759.914 in fvnds Unwtrictsd fund• G8ra1 fund 83S.853 {141.4031 894.450 TOTAL FUNDS 694.450 RELAYED PARTY DISCLOSURES Pag¢ 12 Th11nd...
of Flnanclal A nd•d un 2025 2024 INCOME AND ENDOWMENT8 DonatloM8 and legaclos Donation5 1.117,643 782.122 lrtv••tsM•nt Incom• DidendS and interest G8iTrlltossl +yJ in%wknent 54,721 10.962 73.933 $3.731 Tot81 Inc¢)mlny r•sour¢•$ 1.191,576 835,853 EXPENDrrvRe Chadtsbh cllvlll•• Grants to in8"tithcffjs 147.799 140.833 Supportco8ts Govoman¢• ¢ts Accountancy 570 Totsl $09¥ eXPgnd8d Net Incomo 694.450 P4•13