ANNUAL REPORTS AND DORMANT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
MORANT CHARITABLE TRUST
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1182386
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
MORANT CHARITABLE TRUST
(Charitable Incorporated Organisation)
CONTENTS
Page 3 to 4 Trustees' Report Page 5 Statement of Financial Activities Page 6 Balance Sheet Pages 7 to 10 Notes to the Financial Statements
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MORANT CHARITABLE TRUST
(Charitable Incorporated Organisation)
TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2025
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1182386 DATE OF REGISTRATION 8th March 2019 START OF FINANCIAL YEAR 1st April 2024 END OF FINANCIAL YEAR 31st March 2025 TRUSTEES AS AT 31ST MARCH 2025 Mr S. Morant Mrs B. Morant Mr G. Morant LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 8th March 2019
OBJECTS
The objects of the CIO are to advance, promote or carry out such Charitable purposes as the Charity Trustees in their absolute discretion from time to time think fit.
CORRESPONDENCE ADDRESS
ACCOUNTANTS
Old Fonthill Abbey Fonthill Gifford Tisbury Salisbury SP3 6QR Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
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MORANT CHARITABLE TRUST (Charitable Incorporaled Organisalionl TRUSTEES REPORT (Contlnuodl FOR ThE YEAR ENOEO 31ST MARCH 2025 Trtssl•••' R•ipon8lblllllq• The tWStees are respon>Ne ryeparing the Trirt¢e$' 118port fwwndai statnts in actofdanco applicable Law and lThe GeneTrly Accepled Accounling Priftupltrs IGAAPI Including Finanrial Reporting Stsndard 102.. The Financial Reporting standard ipplieabh in Ihts UK and Republic of Ir•[w Iunilgd Ki09dDm Gener8lly Accepiod AccDuniirvJ Practice). The Charilies Act 2011 requir• iha Irustees to prep¥e fbnarKlal stalomeAis fw financlal yoar vhch a t and la wew of Iho Stslg of offairs of tho CIO aryj ol tho SLWUS cr d•ficil of Iho CIO (crf thai peth)d. In wep•ring thos• financia slatem•n15 the ITu¢es are rwinl to- Select suit) a¢coufttryi pleS Wlhemconsi51erttr, Obserye the meth$ ond principles Ihe clt SORP: Make judgernents and 051imalgs that are reasonablgand pnJdenL' slai• whethar appli¢ablo UK Accounllng StandJrd5 havo ba¢Th follmd subject to any rnerfa5 departur disclosed and exp181n inthts finJnd•l s14tements-. Pfyparp ffnancl st•iemeAts on th0 90ry ¢on¢•rn basts unknss It Is wpwopriaie lo preswné Ihal Ih•¢lO il e¢nbnue i) •xisl• The tru$lee$ respons fef kéewg fJJfficient ac£thting re¢tyds th dIjose wblh leas18 ac¢ur&w 8t any time the finJnc¢BI pasltbort ol iho charity and bLe them io that the fiwdal *atemenls comply vAlh tho chan88 Aet 2011. Ihe Ch¥ity IAryowhl$ and Réports) Rogulalions 2008 wd Ihg wovlsvjns ol th• Govtmitvj Do¢umonl. Th8y are also r¢sp¢nslbl• for saf•guardfflg the assets o1tho<has1ty Wc• for ta.g ¥sOnabl stepufor Ihe prevention and (Jetg¢lion ol fvayd and othw Irregularflio& Approv1 by thè Trustse8 on ... Signed on their behall by Tntst£•....-. Prfnted .5 f moARfvI
MORANT CHARITABLE TRUST
(Charitable Incorporated Organisation)
DORMANT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
| INCOMING RESOURCES Incoming Resources from Generated Funds Donations & Legacies Activities for Generating Funds Investment Income Charitable Activities TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Charitable Activities Governance Costs TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024/25 2023/24 £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 7 to 10 form part of these dormant financial statements.
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MORANT CHARITABLE TRUST (Charitable Irporaled Or9anisatiori) DORMAMT BALANCE SHEET AS AT 31ST MARCH 2025 Unrestricted Restrictod Funds Funds TOTAL 31-Mar-25 TOTAL 31-Mar-24 Flx•d Assots Tangibl¢ Assets Investmenls Total Flx•d As••ts Curr•nt Ass•ts Debtor3 & PrepanI Cash at Bank aTrJ in Hand T¢)tal Curr•nt A$s•ts Cr•dlt•r•: Amounts lollkng duo wlthh on• year NET CURRENT eTs TOTALASSETS les6 curY•rt IlllU•s ¢r•dltor•: I?n9 du• in moro than om y•ar NET ASSETS Fund• ofth• Ch•rtty nernl Funds Restricted Fund3 T¢Aal Funds Approvld by tho TNst•¢s on .................. Signed on th8ii bohall by TNsts•...... Printed Narnè.. S. F nlo@fi(v J
MORANT CHARITABLE TRUST
(Charitable Incorporated Organisation)
NOTES TO THE DORMANT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The dormant financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
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MORANT CHARITABLE TRUST
(Charitable Incorporated Organisation)
NOTES TO THE DORMANT FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Support Costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage.
Unrestricted Funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted Funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings made at the Sunday fellowship meetings.
Designated Funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Pensions
Pension contributions are charged to the Statement of Financial Activities as they become payable.
Taxation
The charity is exempt from tax on its charitable activities.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
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MORANT CHARITABLE TRUST
(Charitable Incorporated Organisation)
NOTES TO THE DORMANT FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
2. TANGIBLE FIXED ASSETS
The CIO held no fixed assets during this or the previous financial year.
3. INVESTMENTS
The CIO held no investments during this or the previous financial year.
4. RESTRICTED FUNDS
The CIO held no restricted funds during this or the previous financial year.
5. CASH AT BANK AND IN HAND
| Unrestricted | Restricted | TOTAL | TOTAL | |
|---|---|---|---|---|
| Fund | Fund | 31-Mar-25 | 31-Mar-24 | |
| £ | £ | £ | £ | |
| Cash at Bank & in Hand | - | - | - - |
|
| - | - - - |
|||
| 6. DEBTORS AND PREPAYMENTS | ||||
| Sundry Debtors | Unrestricted Fund £ - |
Restricted Fund £ |
TOTAL 31-Mar-25 £ - |
TOTAL 31-Mar-24 £ - - |
| - | - - - |
|||
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Sundry Creditors | Unrestricted Fund £ - |
Restricted Fund £ |
TOTAL 31-Mar-25 £ - |
TOTAL 31-Mar-24 £ - - |
| - | - - - |
8. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during or the previous the financial year.
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MORANT CHARITABLE TRUST
(Charitable Incorporated Organisation)
NOTES TO THE DORMANT FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
9. STAFF COSTS AND NUMBERS
| Gross Wages & Salaries Employer's National Insurance Costs Pension Contributions Employees who were engaged in each of the following activities: Charitable Activities No employees received emoluments in excess £60,000. |
TOTAL 2024/25 £ - - - - TOTAL 2024/25 - - |
TOTAL 2023/24 £ - - - - TOTAL 2023/24 - - |
|---|---|---|
10. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
11. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
12. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
13. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
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