Charity registration number: 1174407
## The Morris Foundation
Annual Report and Financial Statements for the Year Ended 31 December 2020
## **The Morris Foundation**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2|
|Statement of Trustees' Responsibilities|3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 12|
## **The Morris Foundation**
## **Reference and Administrative Details**
**Chairman** Andrew Patrick George Morris **Trustees** Andrew Patrick George Morris Patricia Anne Morris Charles Edward William Morris Sophie Patricia Morris **Principal Office** Lotus Cottage Farm Thrift Lane Cudham Lane South Cudham Sevenoaks TN14 7NQ **Charity Registration Number** 1174407 **Bankers** Lloyds Bank Private Banking 21-23 Hill Street London W1J 5JW **Independent Examiner** Field Sullivan Limited 70 Royal Hill Greenwich London SE10 8RF
Page 1
## **The Morris Foundation**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2020.
## **Objectives and Activities**
The principal activity of the charity is to support local clubs and associations and particularly to assist in the care of the elderly.
The objects of the CIO are to advance for the benefit of the public such charitable purposes (according to the law of England and Wales) as the trustee see fit from time to time in particular but not limited to relieving financial hardship, sickness and poor health amongst elderly people.
The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 and referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
## **Achievements and Performance**
Although established as a charity in 2018 there has been no activity in making grants to worthy causes for the period covered. There has been little activity within the Foundation this year given the lack of income due to the covid pandemic and illness of the trustees. It was therefore decided not to make any awards this year preventing the Foundation's funds from being depleted. It is hoped that 2021 will see a return to profit and allow the charity to continue its work.
## **Financial Review**
At the balance sheet date the charity had net assets totalling £315,871 (2019: £316,676).
Reserves were held to award local associations and charities who work in the designated areas of concern.
The trustees have no concerns in relation to the charity continuing.
## **Structure, Governance and Management**
The Morris Foundation is a charitable incorporated organisation governed by its trust deed. It is regsitered as a charity with the Charity Commission, charity number 1174407.
All trustees elected are family members and both Andrew and Patricia Morris are entitled to appoint trustees.
## **Trustees**
Andrew Patrick George Morris
Patricia Anne Morris
Charles Edward William Morris
Sophie Patricia Morris
Page 2
## **fhe Morris Foundation**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any materia'1 aeparwrb disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
he _ustees of the charity on 29 October 2021 and signed on its behalf by:
Andrew Pa ck George Morris Chairman and Trustee
Page 3
The Morris Foundatlon
Independent Examiner's Report to the trustees of The Morrls Foundatlon
I report to the charSty trustees on my examination of the accounts of the charity for the year ended 31
December 2020 which comprise the Statement of Financial Activities, the 8alance Sheet and related notes.
Th15 report is made solely to the charitvs trustees, as a body. in accordance wSth seetlon 145 of the Charitles
Act 2011. My work has beet> undertaken so that I might state to the charlty s trustees those matters l am
qulred to state to them in this report and for no other purpose. To the fullest eytent permitted by law, I do
not accept or assume respon51bility to anyone other than the charlty and the charlty's trustees as a body, for
my work. for this report, or for the oplnlons I have forrned.
Respectlve responslbllltles of trustees and examlner
As the charity's trustees of The Morris Foundatioii YOU 3re responsible for the preparation of the accounts Sn
accordance with the requirernents of the Charities Act 20111'the Act'l.
I report in respect of my examinatlon of the The Morri5 Foundation's accounts carried out under sertion 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions glven by the
Charlty Commls5ion under section 1451Sllbl of the Act.
An independent examination does not illvolve gathering all the evidence that would be required In an audit
and consequently does not cover all the matters th8t èn audltor considers In giving thelr opinion on the
flnancial statements. The plannin8 and conduct ol an audit goes beyond the Ilmited assurance that an
independent exarnin3tion can provide. Consequently l express no opinion as to whether the flnancial
statements present a 'true and fail view and my report is limlted to those specific matters set out in the
Independent examlnerfs statement.
Independent e¥amlneVs statement
I have completed my examlnation. I confirm that no rnaterial matters have come to my attentlon In connection
wlth the examination glvlng me cause to believe that in any material respect..
l. accounting records were not kept In respect of The Morrls Foundation as required by section 130 of the
Act.. or
2. the financial statements do not accord wlth those records., or
3. the finantial statements do not comply with the accounting requirements concefnlng the form and
content of accounts set ovt in the Charitie5 (Accounts and Reportsl Regulatlons 2008 other than any
requirement that the accounts 8ive a 'true and fair vlew, which Is not a matter considered as part of an
Independent examination.
I have no concerns and have come across no other matters in connection with the examination to whlch
attention should be drawn In this
eport in order to enable a proper understandin8 01 the accounts to be
reached.
Tim Sullivan FCA
Fleld Sulllvan Llmited
70 Royal Hill
Greenwich
London
SEIO 8RF
Oate..
Page 4
## **The Morris Foundation**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|**Note**
**Income and Endowments from:**
Investment income
3
**Expenditure on:**
Charitable activities
4
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
11|**Unrestricted**
**£**
2,038
(2,843)
(2,843)
(805)
316,676
315,871|**Total**
**2020**
**£**
2,038
(2,843)
(2,843)
(805)
316,676
315,871|**Unrestricted**
**£**
308
(960)
(960)
(652)
317,328
316,676|**Total**
**2019**
**£**
308
(960)|
|---|---|---|---|---|
|||||(960)|
|||||(652)
317,328|
|||||316,676|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 11.
The notes on pages 7 to 12 form an integral part of these financial statements. Page 5
## **The Morris Foundation**
## **(Registration number: 1174407) Balance Sheet as at 31 December 2020**
|||**2020**|**2019**|
|---|---|---|---|
||**Note**|**£**|**£**|
|**Current assets**||||
|Debtors|8|22,999||
|Cash at bank and in hand|9|317,996|317,636|
|||340,995|317,636|
|**Creditors: Amounts falling due within one year**|10|(25,124)|(960)|
|**Net assets**||315,871|316,676|
|**Funds of the charity:**||||
|**Unrestricted income funds**||||
|Unrestricted funds||315,871|316,676|
|**Total funds**|11|315,871|316,676|
.. ....-TnT>YICial statements on pages 5 to 12 were approved by the trustees, and authorised for issue on 29 and signed on their behalf by:
eorge Morris Chairman an rustee
The notes on pages 7 to 12 form an integral part of these financial statements. Page 6
## **The Morris Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1 Charity status**
The charity is domiciled in England and Wales.
The address of its registered office is: Lotus Cottage Farm Thrift Lane Cudham Lane South TN14 7NQ
These financial statements were authorised for issue by the trustees on 29 October 2021.
## **2 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
The Morris Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Page 7
## **The Morris Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 8
## **The Morris Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
## **3 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
**4**
**Expenditure on charitable activities**
Support costs
**5**
**Analysis of governance and support costs**
**Support costs**
Telephone and fax
Independent examination|**Unrestricted**
**funds**
**General**
**£**
2,038|**Total**
**2020**
**£**
2,038
**Total**
**2020**
**£**
2,843
**Total**
**2020**
**£**
2,183
660
2,843|**Total**
**2019**
**£**
308|
|---|---|---|---|
||||**Total**
**2019**
**£**
960|
||||**Total**
**2019**
**£**
-
960|
||||960|
## **6 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
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## **The Morris Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **7 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **8 Debtors**
|Other debtors|**2020**
**£**
22,999|
|---|---|
## **9 Cash and cash equivalents**
|**9**
**Cash and cash equivalents**|||
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|Cash at bank|317,996|317,636|
## **10 Creditors: amounts falling due within one year**
|**10 Creditors: amounts falling due within one year**|||
|---|---|---|
|Trade creditors
Other creditors
Accruals|**2020**
**£**
23,864
600
660
25,124|**2019**
**£**
-
-
960|
|||960|
Page 10
## **The Morris Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
|**11 Funds**
**Balance at 1**
**January 2020**
**£**
**Unrestricted**
**_General_**
General Funds
316,676
**Balance at 1**
**January 2019**
**£**
**Unrestricted**
**_General_**
General Funds
317,328
**12 Analysis of net assets between funds**
**2020 net assets between funds**
Current assets
Current liabilities
Total net assets
**2019 net assets between funds**
Current assets
Current liabilities
Total net assets|**Incoming**
**resources**
**£**
2,038
**Incoming**
**resources**
**£**
308|**Resources**
**expended**
**£**
(2,843)
**Resources**
**expended**
**£**
(960)
**Unrestricted**
**funds**
**General**
**£**
340,995
(25,124)
315,871
**Unrestricted**
**funds**
**General**
**£**
317,636
(960)
316,676|**Balance at 31**
**December 2020**
**£**
315,871|
|---|---|---|---|
||||**Balance at 31**
**December 2019**
**£**
316,676|
||||**Total funds at**
**31 December**
**2020**
**£**
340,995
(25,124)|
||||315,871|
||||**Total funds at**
**31 December**
**2019**
**£**
317,636
(960)|
||||316,676|
Page 11
## **The Morris Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **13 Covid-19**
There has been little activity within the Foundation during the year given the lack of income due to the covid pandemic and illness of the trustees. It is hoped that 2021 will see a return to profit and allow the charity to continue its work.
## **14 Related party transactions**
During the year the charity made the following related party transactions:
## **Andrew Morris**
(Director and Trustee)
During the year Mr Morris paid £600 for previous year's independent examination on behalf of the charity. At the balance sheet date the amount due to Andrew Morris was £600 (2019 - £Nil).
Page 12