## **Trustees’ Annual Report for the period** **From 2022 Period start date 1/4/22 To 2023 Period end date 31/3/23** ## **Charity name: The Scott Morgan Foundation** ## **Charity registration number: 1187386** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The Scott-Morgan Foundation exists for
public benefit in the advancement of
science, health and educational research
involving research projects with world-
leading high tech corporations into Verbal
Spontaneity and Personality Retention for
those with extreme disabilities.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Research has also begun into augmented
reality for those with disabilities and this
was debuted via customised integrated
technologies preserving the independence
of a 24-year-old volunteer who is living with
Motor Neurone Disease.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have all received the guidance
issued by the Charity Commission and
understand the focus of the foundation to
invest its resources in public benefit.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||
SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Our grant delivery process is simple.
Where the foundation recognises that it can
make a difference to an individual, once
that individual has agreed to our
intervention, we will endeavour to meet
their needs. This is provided through
enabling introductions to our supporting hi-
tech partners to supply equipment,
technical expertise and relevant training.
Grant monies are therefore provided
indirectly to the ultimate recipient and
primarily used to support the funding for
this expert intervention.| 1 |Policy on social investment
including program related
investment|Para 1.38|Grants are made irrespective of any
financial means testing, purely based on
need and where the foundation can make a
difference.| |---|---|---| |Contribution made by
volunteers|Para 1.38|The foundation is supported by volunteers
in the form of trustees and through experts
making their time and knowledge available
pro bono.| |Other||**N/A**| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|We partnered with pioneers like DeepBrain
AI and Lenovo, creating an integrated
platform converging eye tracking, ear and
tongue switches, and wheelchair controls
into one seamless user experience
promoting communication and creation.
Irisbond, Earswitch, and Augmental
collaborated with us. Optimising real-world
efficacy through clinical trials with
researchers at Mount Sinai's Abilities
Center, their input informs scalable and
personalised designs. This inspires more
affordable and accessible options by open-
sourcing projects like EyeSpeak and
pursuing regional tools through alliances
like with ALS India.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
Achievements against
objectives set|
Para 1.41|
The charity made a good start in this
financial year once it had received grant
income to enable the commencement of
our work| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|We secured two payments in this year from
corporate entities to enable us to start our
work.| 2 |Investment performance
against objectives|Para 1.41|**N/A**| |---|---|---| |Other||| 3 ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Our accounts are due to be published to
the charity commission by 5 2 2024. These
will show that we received £100,000 from
initial grants/donations.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|As our income did not commence until mid-
2022, we have since been expending some
of this income to support the growth of the
key aims of the charity. A review of any
reserves identified will inform the creation
of a future reserves policy.| |Amount of reserves held|Para 1.22|Approximately £112,276| |Reasons for holding zero
reserves|Para 1.22|We aim to maintain a balance equivalent to
12 months running costs dependent on the
successful acquisition of further grant
income.| |Details of fund materially in
deficit|Para 1.24|**N/A**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The charity is dependent on acquiring
further grant income. The success of any
applications will impact on the going
concern status of the charity.| **Additional information (optional)** You may choose to include further statements where relevant about: Grant income and small amounts received via online donations. The charity’s principal sources of funds (including Para 1.47 any fundraising) **N/A** Investment policy and objectives including any Para 1.46 social investment policy adopted The key risk is establishing reliable and regular income to deliver our charitable A description of the principal Para 1.46 objectives. risks facing the charity **N/A** Other 4 ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|15 January 2020: CIO registration| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|By application and relevant qualifications,
experience and alignment with the charity’s
aims| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51|
All trustees were inducted to the charity by
the original founder and then the current
CEO. A review of current trustee
membership will take place during 2024
with identification of further required
training as a result.| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|We have a CEO (paid) supported by
trustees with specific skills to ensure the
charity maintains its focus to achieve its
aims.| |Relationship with any
related parties|Para 1.51|We have received sponsorship and support
from a number of relevant companies –
IRISBOND, Lenovo and the Oso
foundation.| |Other||N/A| ## **Reference and Administrative details** |Charity name|The Scott Morgan Foundation| |---|---| |Other name the charity uses|N/A| |Registered charity number|1187386| |Charity’s principal address|5 Plantation Way
TORQUAY
TQ2 7SR| ||| 5 ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Lavonne Roberts||23 10 22|Board of trustees| ||Thorsten Peter
Stremlau||23 10 22|Board of trustees| ||Patrick Younge||Wholeyear|CharityCommission| ||JerryA Overton||Wholeyear|CharityCommission| ||Esther Maria Duran
Fernandez||Whole year|Charity Commission| ||Amanda FayDarby||Wholeyear|CharityCommission| ||Francis Scott-
Morgan||Whole year|Charity Commission| ||David Alun Wynne
Owen||Whole year|Charity Commission| ||Dr Matthew Peter
Aylett PhD||Whole year|Charity Commission| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved |**Director name**|Francis Scott-Morgan|| |---|---|---| |Lavonne Roberts|David Alun Wynne Owen|| |Thorsten Peter Stremlau|Dr Matthew Peter Aylett
PhD|| |Patrick Younge||| |Jerry A Overton||| |Esther Maria Duran
Fernandez||| |Amanda Fay Darby||| Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**N/A**||| |||| |||| |||| |||| |||| 6 ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser N/A** ## **Name of chief executive or names of senior staff members (Optional information)** Andrew Morgan ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **N/A** ## **Other optional information** 8 ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** David Alun Wynne Owen **Position (eg Secretary,** Chair **Chair, etc)** **Date** 20 1 24 9 REGisf£RED CHARTfY NiVMBER.. 1187386 REPORT OFTHE TRu￿EE5 AND L￿Al￿ITED FINANCLQL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 FOR SCOTT MORCAN FOIJND.4TION Livesey Swtuswood Ltd Chartcred AceoJni#￿ts 17 George Street StHelens Mtrseyside WAIO IDB sco￿ MORCAN FOllINDATION CONTEN'fs op TIIE ￿[NA￿V C'.I.IL ST.4TF.ThIEwrs FOR TTIE I'F.AR ENDED S APRII. 2023 Report pFlhe Tru5tee5 Indep¢tsdeJJt Examiller's Report StsttmÈht of flin￿￿tI#l Attivilies Balanc¢ Sbetl Notes to (ht FinanciAI Si*tÈmertÈs 6 10 7 SCOTT MORGAN FOIINDATION REPORT 0FTH￿ TRUSTEES FOR THE YLAR F.KDKD 5 APRIL 2023 The trtsstets prsent their rtPDrt th2 ffinaocial statemettis of the Ghariry for the year ended 5 April ?02J. Tlic trustees have adopted tlie prt>Vi.¢joTrs of Accounting and Reportlng by Charities.. Stsfrment ol RecTriDTDended Practice applicable to chotities parinE their acroiints in acco￿kn¢¢ with thÈ Finan¢ial Report¥ng St8thdard gpplicable iti the UK and Republic of Ireland (FPS 10?) leff¢¢tive l J3nLiary 20191. OBJECTIVES AND ACTlVtTirs ObjettiV¢S airn5 The charity's aiTU and obje¢tiYes atc the adV8ACe￿e￿t of scien¢e. healih edll¢&lTon by ¢#rrying OUL promoting and publishin8 Tese&rcli into tlie ¢ihical ust of artificial Intelligenct, Virtual reality- enh2nced Teality. robot1¢5 and othcr hig]1 tchnolDgy systerns 10 augtneni Il)e capabilities wellbeing of those resiricied by ag< ill-heaIth. disability. or DthcT physical or Ment￿ disadVant￿e. Publi¢ bpnefjt The Tr￿leeS confirtn they have r¢gard for the Public Benefitguidance i$5ued by the Charity CO]nDU￿L0￿ Hs the Ch8rities Act 2011 requirts the Cli4rity lo éemonshie tht PubIic J3enefii of our alms and objt¢tives. ACHILr VEMENT AND PERFORNI4liCE ChRrttable activities Wt pamerÈd witli pioneBrs like DeepBrnin Al I*novo: ereating an ini¢grated plaiforrn ConVBr￿ng eyc tr&ckillL eÈr and tongue swirches. and wheelch/iT cotttroli into one seamless user ttxptrience prTrtnoting ¢omrnunic2tion and Cr¢ation. Trisbond. Eat￿lt¢14 and Au8mental also collaboraled with us. Optimising realwwodd efficaty t]￿Outh ¢linical trials with researchers a1 Mount Sill21'5 Abiliries Ccnler. ditir input inforTns Sc￿$ble aDd pets)nalistd designs. This ingpirts Tnore ￿Tordable £nd accessiblc options by open-sour¢inB prDjeets like Eyespeak and pursuinE TEXion￿ ioDls throu811 alliaDce$ like wsth ALS India. Researc]J has also b¢gu into allgThenled Tttality for Iho$c with dif&bilities Iliis was debuted Via eusromisBd int¢gtated iechnologies pr&*rVI￿ d indep¢nd¢nce Df a 24.yeaTrold volunteer who is living wth MoiorNeuront Dista5e. FI￿,A￿,eIAL REVJEW Finanti21 positio At i Apnl ?02J. the cbarity's reserves w¢rt £112,276 1?022 _ £Nill. d¥e rnainly to thc receipt of a gr2nt of £l11.255 fot the devcltsprncnt of 2s&1slive technology tern￿Ded12Tlc1Y unspeni at the year eTrd. UnreStr￿¢tCd thnds at the ye2r¢nd amounted to £41,816 {2022-£Nill. Rts¢rves policy Our income did not Commence utttil mid_2022. and we have sinee b¢Bn eYpendiD8 thig grant income to gLWPOrt thtt growth oftlic k¢y aTlnS of die Ch￿lty. A r¢vittw of any rtserves iderttifi¢d we piibtish our fjrst finan¢Ydl return io April 2024 Ivill infotm the creAtion OF a fuwr¢ rtserves polioy. We to maintain a balan¢e 4uival¢nt to 12 monlh8 TuJhning costs dep¢Ddent on tht SD¢CBs8ful a¢quisition of fiTrther grwit incoin¢. STRUCTURE. GOVERNANfE AND MA¥ACEMEwr G)v¢Th¢ng docurnent The ¢hariEy is eonlrDlled by its governiog docutnenr, A deed of and ¢onstimfts an unincotyorated ch¥ity. Ind￿￿tiOn and trajlling of new trustttg AII thLqEees rc¢¢iv¢d appTopfiate induction and training to understand thtt objectives forth¢ S¢tstt-Morgan Foundation. REFERENCE AND ADMJNIsTIlATt￿ DETATLS R¢oisltred Charrty number 1187386 Prineipal 4ddres9 5 Plantation WAY Torquay ro2 7SR Page I sco￿ IL qOHG.4N FOIIND.4nON IIEPORT TtIE rftiisTEF FOR TFIF. YEAR LNDED 5..¥PRtL 2U23 Trustets Ms E M D DurnnFern&ndez Ms A F D￿'bY r P A YoungÈ Mr F P Scott-MDrgaD DrP B Scott-morgan Ide¢¢*sed l5.6.221 Mr M P Ayleit rDAWUwen JfjrJ A Overton Ms L R0krts18p￿illIed 23.10.221 Mr T P Sitemlau lappointed 23.10,221 Independeot xèrniner ADdreW. Mcminnis ACA FCCA Livesey Spottiswood Ltd Chartered AccountAnts 17 Geoxge Strett St H¢leTrg Mer5ey5id WAIO IDB STATF.MF.wr OF TRUSTECS. RESPONSIBILII'IES The iriistees are responsibl= for picp3ring die Report of Ihe Tru51ee5 8nd thc f￿anciaj $i&tÈmeDts in aceordance with applicable law Uiiitcd Kingdo￿ Accounting St￿l￿ds Iuiiitcd Kiiigdoin G¢t¥crally Ac¢epltd Accounting Pracuce) includ￿g Finaiitial Reporiing 8iaiidard 102'Thc FinanFTal Repoittng Stalldard Ltpplicable in iheUK #lid Repiiblic of Irel&nd Tht laiy applicoble ro ¢liarities in Ettg12nd &nd Wales. the Cliaiitieg Act 2011. Clithty (Acco1￿11$ and Reports) Rcglllaiion5 2D08 and the piDvi5ions of the t￿￿1 d£Ed requires the ttuslees to prepa[¢ finantiil ￿?1¢n)ents for each fiiLHncial year wliich give a tri￿ and fair VIESF. of tlie state Df aftaiE5 of the chtirity and of lh¢ inconiiiig resoiirct$ 2nd dppliratioii of ￿Olu￿¢s. iTrcluding rhÈ income and Èxpendiliire. of the chxrii> for that period. Iii pieparirtg those finsiicial stat¢Jnent$: tbe kniste¢s ure required lo select 5uilable accounliTri policies aDd Uien apply thern ¢on5￿tellI]Y,. observe tht iiielhods and pYinciple5 in th¢ C￿￿'lty SORP- Inttkt jlldgeTneiits and estimates ihat are Te￿onable And priideni., prepare the finincial ststeinents on the going coll¢ei￿ basis iniless it IS lllapPI￿p17$¢C lo pre5LitDe Ihal tbe cliaritr ￿*11 ttsnliiiue in busine5& The trustees ar¢ rc5POrtsible for k'ttpiiig pmpei d¢¢oufttiiig records ivhieh 0￿cloSe witli reasondble a￿￿[)cV at any iimE the financial Position of thÈ charitrJ' and lo e*able tbeDi to cn$uYe tlial the fiiianci&l st￿e￿¢￿t9 eothply ￿th the Cliarities Act 2011_ tlie CliaTity IAccouiils aDd Repoitsl Rcgulitiotts 2008 and the provisions of tlie trust dced. They ￿'e also Te5ptsnsihle for salegullrding the assEts i the chdiily and heDce IOT l¥king r￿0￿&bIt sltps for dTrB Pteveiition and detedioft of fraud and other irregularitlC5. Approvtd bv oi)*erofthE board of trustees 31 Jtll]uary 2024 and sigi]ed OD it5 behalf by. MTDA WO Pagt 2 I.YDLPENDENf EL4MtNER'S REPORT TO TIIE TRI,"STEES OF Se.OTI' MORCAh' FOL'NDAI'ION Independent cxgminer s report to the trllstees of Scott Morgan FouJJd*tlDJI report 10 the tharity ttustees on my ex￿￿]￿atiOn ot. the accounts ot Scott Moi'g3ll Found&tion lthe Tn￿) for the yeai. ¢nded 5 April 202]. Responsibilities basis of report As Ilic charity tTusltes of thc'l rust you are responsible for the prepar&tion of the accounts in accordgnce with rhe requirements of the Charities Act 2011 {'die Act'l. report ill respeti tsf t￿Y ex3mination of the Trusvs accounts carried out under Section 145 of the Act and in Carrying out my examination T have followed all appli¢ablt DirettlOll5 given by thc Charity Cornmission under Section 14515llbl of the Act. Independent exaDJittei 4 *tatemettt I IIRve completed my examination. l Confiillx tbat no material matter8 have come to my aitention connection with the examinatio giving me ¢ause 10 ￿lIeV¥ thai in any n￿le[la1 re&pect'. accounting lecol￿ were not kept in r¢spect of th¢ TNst as requir¢d by Section 130 of the Act., or the accounL% do not accord with those iYC471'd%', or the a¢¢ounis do 001 ¢omply with die applicable TequiretDelllS concern￿g the form alld content of aecounls set out in the Cliw'ities (Accounts and Re￿￿) R¢gulalions 2008 other Ilian any itquiitrnenl th&1 the accounts give a true and fair view wtsicli is not a llL4ttei' consideied as p￿* of.att Independentex￿￿lllaI1Oll. T have no concems and have come acro￿ no other matteTS in connection with the examuJaiioD 10 which attention should be dralvn u] this rewrt in order lo enable a Propel. understandin8 of the aecount% lo be reached. AndT¢W Mcminnts ACA FCCA The In£timte ot'CharteTed AccouJ)tsits in England and Wales Livesey Spottiswood Ltd ClIArt¢red A¢¢ountanis 17 George Street Si Hclens M¢Tseyside WAIO IDB l February 2024 Page 3 SCOTT MORG'AN, FO[IN￿ATIo STA'I'EhlENT or FIP%dlNCJAL AcfivTTIES OR TIIF. YEAR ENDLD S.41)IIIL 2023 2023 Ttyi#l furtd 2022 Total fi￿dS Untestiicted fuod RestricTrd hjnds Notes II%COME AND F.NDOWMENT,8 FROM DonatlOl15 hnd leglliiES i1,303 51_303 C.hAritablt hctti'iti TechnDIo8y dei'clopinent Other illtD￿ 50 50 51.353 162.608 KPbiNDITIIRE ON 552 i)2 Tcchr.Dlogv devclopiiiertl 8.985 40,791 49.780 Total 40.79) 50,332 INCOME 70.460 112,276 RECOINCI￿TION OF FUNDS Total fundsbroughi forward TOT.4L FUND8 CARRICD FORWARD 7Q.460 112276 C.IINTTNlilNG OPERATIONS All iiiconi¢ and ekwelldituie &iisen frDtn ronittuing arliviti¢s. rhe notes form part offhcse finRnci815tAi¢nients Page 4 SCOTT MORGAN TrOtyNDATION YSALANe.E SHKET 5 APRIL 2Tr23 2023 Total funds 2022 Tota] fund5 Unrt5trict¢d fund Restri¢ted fuods Noks CURRENT ASSETS Cish at banl S&T18 70.460 129,238 CRED￿oRs Arnounts f&lling diie within one year 116,9621 {16,9621 NET CtIRRKNf ASSETS 70.460 112,276 TOTAL.4SSETS LFSS CURRENf LIABILITIES 41.816 70.460 112276 NET ASSF.TS 41,816 70.460 112,276 JIUNDS Unre51ricted fLinds eslricted funds 41.816 70,460 TOTAL FIINDS 112276 Tlie fJn8n¢ial itatemeni$were approved by the Board Df Thsteos and authorised for issue on 31 January 2024 and were sigued on its beknlf b).: MrDAWO . Trustre Th¢ nptes form part ofthese fillan¢iolstatem¢nts P&ge 5 scorr MORCy.4N FOIIND.4TION NOTFS TO fHL FINANCI.4L ST,ITEIIENrs FOR THE YEAR F.NDED 5 41'RIL 2023 ACCOIINTINC POLICIES BASI$ ofprtpAriDe fhE finADci#I statemellts ie fiiiancial 5t2tciiieiilg of ILK cliarity,. iyliich is a public benefil entit) under FRS 102, 1)ave beeii pr¢par¢d iii awordaiice viih tlic Cliaiiiit$ SORP IFRS 1021 'A¢¢ountiiig and Reporliiig by Charitics.. Staterncnt ol Re¢ommended Practice xpplicable lo chariiiES prepariDg their accounts 111 2ccord&R¢e w'itli IIiE Fi13xncial Rewrtiiig St311dBrd applicable in Tl)e UK and Republic of Ireland IFRS 1021 leffectivc I laiiuary 20191,. Fiiian¢i&l ReporriAg Sland&rd 102'Thc Fsnancial R¢iiniliAg Stand&rd appliEablc iii the UK aiid Republic of Irel￿1￿, 2iid the Charit1¢5 A¢t 2011. I'he financial SlAtemeii15 have been prepaieo llrtdeFthc li1￿￿TICal cost collv¢Thtion, ie charity meets tlie d¢fmition of a public bellefit entity under FRS102. The financial slaienlents ￿e prcpaTed in StBI-Iin8 whieh is the tuD¢tiondl currency trfthe cl)arity. Income that tht incoine i¥ill be reeeived plld the a1110unl be Ine3siir¢d reliably. Exp¢ndilllre Lithbilities are rt¢tsgiiised as cip¥nditure a5 Soon as there is a IBK81 or coiisiruclive obltrgalion coTnrnitting tlie ¢h*i'ltv lo dial ÈxpendiluF¢, Il is probable that iir&nsfeTof cEonomic beTbEfits ￿411 be Fequitcd in settlemienl the aniovilt tsf tl)e obli8#lion ¢an be iiieasDr¢d iEliabty. Expenditsjre 15 atcolliiied fcr on an aceruals basis and cl&ssif1ed undÈT heading5 Ihat aggiegatc all ttrgt related lo Iht tategory. Whe¥e cosis caDnot be direcdy #itributtd lo parti¢ular Iieadings Ilie5' liave bee Allocated ID activities on a bg$i$ consistenl Thilh Ihe use of rc50urces. Taxation I'li¢ chariti is txempt ITOlli tsx Oll trs ¢htsrii#ble aclivilie$. Fund 4Ctountiii£ Unreslriclto fiinds bB ITsed itt &ccordanEe the ¢liaTltable objectives at the discretLTrn oftlie trustees. Restri¢trd fun(Ls c&tLonly be used for parueiilar ie5tri¢itd purposes Within the objects of the charity. Restrtctions arise when spetif*d by thE dtsnor otwhen fvnds we ilised forpw'tscul&r resiri¢itd purposes. Fllrihcr rAplatt&tion of thc llature and puYrrf)Se Df eH¢h f￿lId is included in thc notes lo Ilic linttncial ststetntnrs. PeTr3ion CQSt5 &nd other post-rctirrrDpnt beDefit5 Thc ¢harity operat¢s a defined CDnlributigll pension schenie. CoDtributions payxble to the charitv's peiision schenie are chargtd io ilie Statement )[ Fi113n¢ial Actsvilies In the period io whi¢h Ibey relaie. Going tonce Tht h￿SE¢B5 ¢TrnSider thatth￿t are Inaterial iinteTiainties about the char¢ty'5 ability to contlijue as a goin8 coiicern. TRLTSTEF.S' RE.￿.￿uy[.lL4T10N AND BENI EF11S Th2Te i¥ei% *0 tros*Eg ieT)iOntr8tion orotiiBT bentfits for IhE year ended 5 April 2023 nor for the ycar ended 5 April 2022. TYll$teos' expEn$tS Tlierei¥#rÈ tho trusiees. ¢xpeDseg paid fDI"tlic year ended 5 Ai)ri12023 nor for the year trtdcd 5 Apnl 2022. Page 6 oiilinucd... SCOTT MORGAN FOIINDATION NOTKS TO THE FJNANCNAL STATEMENTS. CDDtinu¢d FOR THE YEAR ENDED 5 APRIT. 20ry3 CREDITORS= AMOLINTS FALLING DIIE WITHIN ONE yLI.4R 2023 2022 Social securily ?nd other lax¢s Other ercditors A¢cruals and deferred income 12.794 3.900 16,962 MOVENfeNf IN fuNDS Ntt IllDvemtnt In fuTrés Ar At 614r22 Uhr¢stricted General fund 41.816 RÈ$tricted furyds bniserv UK Limited 70,460 70.460 TOTAL FUNDS 11?276 IIL276 Net rnoven)ent in funds. incltsded in the thove aTe as follows.. Incoming resources Resoiirces ¢KPC￿ded Movemcnt in funds UnrtStrictèd funds GeiieToI fi)nd (9,537) 41J16 Re5trieted BTiISeTv UK LiThited 140.7951 70.460 TO'fAL FirNos 162,608 150.?J21 l L1276 runds Teceived from Entsery UK Limit¢d are tovtsrds the develop￿ent of tychTroloBy to a5$15t individu&l8 diagnosed with motor neurone disease. REL.4TED PARTY DISCLO8IIRFS There wereno related party typ￿SactIOnS for Ihc year ended 5 April 2023. Page 7 REGisf£RED CHARTfY NiVMBER.. 1187386 REPORT OFTHE TRu￿EE5 AND L￿Al￿ITED FINANCLQL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 FOR SCOTT MORCAN FOIJND.4TION Livesey Swtuswood Ltd Chartcred AceoJni#￿ts 17 George Street StHelens Mtrseyside WAIO IDB sco￿ MORCAN FOllINDATION CONTEN'fs op TIIE ￿[NA￿V C'.I.IL ST.4TF.ThIEwrs FOR TTIE I'F.AR ENDED S APRII. 2023 Report pFlhe Tru5tee5 Indep¢tsdeJJt Examiller's Report StsttmÈht of flin￿￿tI#l Attivilies Balanc¢ Sbetl Notes to (ht FinanciAI Si*tÈmertÈs 6 10 7 SCOTT MORGAN FOIINDATION REPORT 0FTH￿ TRUSTEES FOR THE YLAR F.KDKD 5 APRIL 2023 The trtsstets prsent their rtPDrt th2 ffinaocial statemettis of the Ghariry for the year ended 5 April ?02J. Tlic trustees have adopted tlie prt>Vi.¢joTrs of Accounting and Reportlng by Charities.. Stsfrment ol RecTriDTDended Practice applicable to chotities parinE their acroiints in acco￿kn¢¢ with thÈ Finan¢ial Report¥ng St8thdard gpplicable iti the UK and Republic of Ireland (FPS 10?) leff¢¢tive l J3nLiary 20191. OBJECTIVES AND ACTlVtTirs ObjettiV¢S airn5 The charity's aiTU and obje¢tiYes atc the adV8ACe￿e￿t of scien¢e. healih edll¢&lTon by ¢#rrying OUL promoting and publishin8 Tese&rcli into tlie ¢ihical ust of artificial Intelligenct, Virtual reality- enh2nced Teality. robot1¢5 and othcr hig]1 tchnolDgy systerns 10 augtneni Il)e capabilities wellbeing of those resiricied by ag< ill-heaIth. disability. or DthcT physical or Ment￿ disadVant￿e. Publi¢ bpnefjt The Tr￿leeS confirtn they have r¢gard for the Public Benefitguidance i$5ued by the Charity CO]nDU￿L0￿ Hs the Ch8rities Act 2011 requirts the Cli4rity lo éemonshie tht PubIic J3enefii of our alms and objt¢tives. ACHILr VEMENT AND PERFORNI4liCE ChRrttable activities Wt pamerÈd witli pioneBrs like DeepBrnin Al I*novo: ereating an ini¢grated plaiforrn ConVBr￿ng eyc tr&ckillL eÈr and tongue swirches. and wheelch/iT cotttroli into one seamless user ttxptrience prTrtnoting ¢omrnunic2tion and Cr¢ation. Trisbond. Eat￿lt¢14 and Au8mental also collaboraled with us. Optimising realwwodd efficaty t]￿Outh ¢linical trials with researchers a1 Mount Sill21'5 Abiliries Ccnler. ditir input inforTns Sc￿$ble aDd pets)nalistd designs. This ingpirts Tnore ￿Tordable £nd accessiblc options by open-sour¢inB prDjeets like Eyespeak and pursuinE TEXion￿ ioDls throu811 alliaDce$ like wsth ALS India. Researc]J has also b¢gu into allgThenled Tttality for Iho$c with dif&bilities Iliis was debuted Via eusromisBd int¢gtated iechnologies pr&*rVI￿ d indep¢nd¢nce Df a 24.yeaTrold volunteer who is living wth MoiorNeuront Dista5e. FI￿,A￿,eIAL REVJEW Finanti21 positio At i Apnl ?02J. the cbarity's reserves w¢rt £112,276 1?022 _ £Nill. d¥e rnainly to thc receipt of a gr2nt of £l11.255 fot the devcltsprncnt of 2s&1slive technology tern￿Ded12Tlc1Y unspeni at the year eTrd. UnreStr￿¢tCd thnds at the ye2r¢nd amounted to £41,816 {2022-£Nill. Rts¢rves policy Our income did not Commence utttil mid_2022. and we have sinee b¢Bn eYpendiD8 thig grant income to gLWPOrt thtt growth oftlic k¢y aTlnS of die Ch￿lty. A r¢vittw of any rtserves iderttifi¢d we piibtish our fjrst finan¢Ydl return io April 2024 Ivill infotm the creAtion OF a fuwr¢ rtserves polioy. We to maintain a balan¢e 4uival¢nt to 12 monlh8 TuJhning costs dep¢Ddent on tht SD¢CBs8ful a¢quisition of fiTrther grwit incoin¢. STRUCTURE. GOVERNANfE AND MA¥ACEMEwr G)v¢Th¢ng docurnent The ¢hariEy is eonlrDlled by its governiog docutnenr, A deed of and ¢onstimfts an unincotyorated ch¥ity. Ind￿￿tiOn and trajlling of new trustttg AII thLqEees rc¢¢iv¢d appTopfiate induction and training to understand thtt objectives forth¢ S¢tstt-Morgan Foundation. REFERENCE AND ADMJNIsTIlATt￿ DETATLS R¢oisltred Charrty number 1187386 Prineipal 4ddres9 5 Plantation WAY Torquay ro2 7SR Page I sco￿ IL qOHG.4N FOIIND.4nON IIEPORT TtIE rftiisTEF FOR TFIF. YEAR LNDED 5..¥PRtL 2U23 Trustets Ms E M D DurnnFern&ndez Ms A F D￿'bY r P A YoungÈ Mr F P Scott-MDrgaD DrP B Scott-morgan Ide¢¢*sed l5.6.221 Mr M P Ayleit rDAWUwen JfjrJ A Overton Ms L R0krts18p￿illIed 23.10.221 Mr T P Sitemlau lappointed 23.10,221 Independeot xèrniner ADdreW. Mcminnis ACA FCCA Livesey Spottiswood Ltd Chartered AccountAnts 17 Geoxge Strett St H¢leTrg Mer5ey5id WAIO IDB STATF.MF.wr OF TRUSTECS. RESPONSIBILII'IES The iriistees are responsibl= for picp3ring die Report of Ihe Tru51ee5 8nd thc f￿anciaj $i&tÈmeDts in aceordance with applicable law Uiiitcd Kingdo￿ Accounting St￿l￿ds Iuiiitcd Kiiigdoin G¢t¥crally Ac¢epltd Accounting Pracuce) includ￿g Finaiitial Reporiing 8iaiidard 102'Thc FinanFTal Repoittng Stalldard Ltpplicable in iheUK #lid Repiiblic of Irel&nd Tht laiy applicoble ro ¢liarities in Ettg12nd &nd Wales. the Cliaiitieg Act 2011. Clithty (Acco1￿11$ and Reports) Rcglllaiion5 2D08 and the piDvi5ions of the t￿￿1 d£Ed requires the ttuslees to prepa[¢ finantiil ￿?1¢n)ents for each fiiLHncial year wliich give a tri￿ and fair VIESF. of tlie state Df aftaiE5 of the chtirity and of lh¢ inconiiiig resoiirct$ 2nd dppliratioii of ￿Olu￿¢s. iTrcluding rhÈ income and Èxpendiliire. of the chxrii> for that period. Iii pieparirtg those finsiicial stat¢Jnent$: tbe kniste¢s ure required lo select 5uilable accounliTri policies aDd Uien apply thern ¢on5￿tellI]Y,. observe tht iiielhods and pYinciple5 in th¢ C￿￿'lty SORP- Inttkt jlldgeTneiits and estimates ihat are Te￿onable And priideni., prepare the finincial ststeinents on the going coll¢ei￿ basis iniless it IS lllapPI￿p17$¢C lo pre5LitDe Ihal tbe cliaritr ￿*11 ttsnliiiue in busine5& The trustees ar¢ rc5POrtsible for k'ttpiiig pmpei d¢¢oufttiiig records ivhieh 0￿cloSe witli reasondble a￿￿[)cV at any iimE the financial Position of thÈ charitrJ' and lo e*able tbeDi to cn$uYe tlial the fiiianci&l st￿e￿¢￿t9 eothply ￿th the Cliarities Act 2011_ tlie CliaTity IAccouiils aDd Repoitsl Rcgulitiotts 2008 and the provisions of tlie trust dced. They ￿'e also Te5ptsnsihle for salegullrding the assEts i the chdiily and heDce IOT l¥king r￿0￿&bIt sltps for dTrB Pteveiition and detedioft of fraud and other irregularitlC5. Approvtd bv oi)*erofthE board of trustees 31 Jtll]uary 2024 and sigi]ed OD it5 behalf by. MTDA WO Pagt 2 I.YDLPENDENf EL4MtNER'S REPORT TO TIIE TRI,"STEES OF Se.OTI' MORCAh' FOL'NDAI'ION Independent cxgminer s report to the trllstees of Scott Morgan FouJJd*tlDJI report 10 the tharity ttustees on my ex￿￿]￿atiOn ot. the accounts ot Scott Moi'g3ll Found&tion lthe Tn￿) for the yeai. ¢nded 5 April 202]. Responsibilities basis of report As Ilic charity tTusltes of thc'l rust you are responsible for the prepar&tion of the accounts in accordgnce with rhe requirements of the Charities Act 2011 {'die Act'l. report ill respeti tsf t￿Y ex3mination of the Trusvs accounts carried out under Section 145 of the Act and in Carrying out my examination T have followed all appli¢ablt DirettlOll5 given by thc Charity Cornmission under Section 14515llbl of the Act. Independent exaDJittei 4 *tatemettt I IIRve completed my examination. l Confiillx tbat no material matter8 have come to my aitention connection with the examinatio giving me ¢ause 10 ￿lIeV¥ thai in any n￿le[la1 re&pect'. accounting lecol￿ were not kept in r¢spect of th¢ TNst as requir¢d by Section 130 of the Act., or the accounL% do not accord with those iYC471'd%', or the a¢¢ounis do 001 ¢omply with die applicable TequiretDelllS concern￿g the form alld content of aecounls set out in the Cliw'ities (Accounts and Re￿￿) R¢gulalions 2008 other Ilian any itquiitrnenl th&1 the accounts give a true and fair view wtsicli is not a llL4ttei' consideied as p￿* of.att Independentex￿￿lllaI1Oll. T have no concems and have come acro￿ no other matteTS in connection with the examuJaiioD 10 which attention should be dralvn u] this rewrt in order lo enable a Propel. understandin8 of the aecount% lo be reached. AndT¢W Mcminnts ACA FCCA The In£timte ot'CharteTed AccouJ)tsits in England and Wales Livesey Spottiswood Ltd ClIArt¢red A¢¢ountanis 17 George Street Si Hclens M¢Tseyside WAIO IDB l February 2024 Page 3 SCOTT MORG'AN, FO[IN￿ATIo STA'I'EhlENT or FIP%dlNCJAL AcfivTTIES OR TIIF. YEAR ENDLD S.41)IIIL 2023 2023 Ttyi#l furtd 2022 Total fi￿dS Untestiicted fuod RestricTrd hjnds Notes II%COME AND F.NDOWMENT,8 FROM DonatlOl15 hnd leglliiES i1,303 51_303 C.hAritablt hctti'iti TechnDIo8y dei'clopinent Other illtD￿ 50 50 51.353 162.608 KPbiNDITIIRE ON 552 i)2 Tcchr.Dlogv devclopiiiertl 8.985 40,791 49.780 Total 40.79) 50,332 INCOME 70.460 112,276 RECOINCI￿TION OF FUNDS Total fundsbroughi forward TOT.4L FUND8 CARRICD FORWARD 7Q.460 112276 C.IINTTNlilNG OPERATIONS All iiiconi¢ and ekwelldituie &iisen frDtn ronittuing arliviti¢s. rhe notes form part offhcse finRnci815tAi¢nients Page 4 SCOTT MORGAN TrOtyNDATION YSALANe.E SHKET 5 APRIL 2Tr23 2023 Total funds 2022 Tota] fund5 Unrt5trict¢d fund Restri¢ted fuods Noks CURRENT ASSETS Cish at banl S&T18 70.460 129,238 CRED￿oRs Arnounts f&lling diie within one year 116,9621 {16,9621 NET CtIRRKNf ASSETS 70.460 112,276 TOTAL.4SSETS LFSS CURRENf LIABILITIES 41.816 70.460 112276 NET ASSF.TS 41,816 70.460 112,276 JIUNDS Unre51ricted fLinds eslricted funds 41.816 70,460 TOTAL FIINDS 112276 Tlie fJn8n¢ial itatemeni$were approved by the Board Df Thsteos and authorised for issue on 31 January 2024 and were sigued on its beknlf b).: MrDAWO . Trustre Th¢ nptes form part ofthese fillan¢iolstatem¢nts P&ge 5 scorr MORCy.4N FOIIND.4TION NOTFS TO fHL FINANCI.4L ST,ITEIIENrs FOR THE YEAR F.NDED 5 41'RIL 2023 ACCOIINTINC POLICIES BASI$ ofprtpAriDe fhE finADci#I statemellts ie fiiiancial 5t2tciiieiilg of ILK cliarity,. iyliich is a public benefil entit) under FRS 102, 1)ave beeii pr¢par¢d iii awordaiice viih tlic Cliaiiiit$ SORP IFRS 1021 'A¢¢ountiiig and Reporliiig by Charitics.. Staterncnt ol Re¢ommended Practice xpplicable lo chariiiES prepariDg their accounts 111 2ccord&R¢e w'itli IIiE Fi13xncial Rewrtiiig St311dBrd applicable in Tl)e UK and Republic of Ireland IFRS 1021 leffectivc I laiiuary 20191,. Fiiian¢i&l ReporriAg Sland&rd 102'Thc Fsnancial R¢iiniliAg Stand&rd appliEablc iii the UK aiid Republic of Irel￿1￿, 2iid the Charit1¢5 A¢t 2011. I'he financial SlAtemeii15 have been prepaieo llrtdeFthc li1￿￿TICal cost collv¢Thtion, ie charity meets tlie d¢fmition of a public bellefit entity under FRS102. The financial slaienlents ￿e prcpaTed in StBI-Iin8 whieh is the tuD¢tiondl currency trfthe cl)arity. Income that tht incoine i¥ill be reeeived plld the a1110unl be Ine3siir¢d reliably. Exp¢ndilllre Lithbilities are rt¢tsgiiised as cip¥nditure a5 Soon as there is a IBK81 or coiisiruclive obltrgalion coTnrnitting tlie ¢h*i'ltv lo dial ÈxpendiluF¢, Il is probable that iir&nsfeTof cEonomic beTbEfits ￿411 be Fequitcd in settlemienl the aniovilt tsf tl)e obli8#lion ¢an be iiieasDr¢d iEliabty. Expenditsjre 15 atcolliiied fcr on an aceruals basis and cl&ssif1ed undÈT heading5 Ihat aggiegatc all ttrgt related lo Iht tategory. Whe¥e cosis caDnot be direcdy #itributtd lo parti¢ular Iieadings Ilie5' liave bee Allocated ID activities on a bg$i$ consistenl Thilh Ihe use of rc50urces. Taxation I'li¢ chariti is txempt ITOlli tsx Oll trs ¢htsrii#ble aclivilie$. Fund 4Ctountiii£ Unreslriclto fiinds bB ITsed itt &ccordanEe the ¢liaTltable objectives at the discretLTrn oftlie trustees. Restri¢trd fun(Ls c&tLonly be used for parueiilar ie5tri¢itd purposes Within the objects of the charity. Restrtctions arise when spetif*d by thE dtsnor otwhen fvnds we ilised forpw'tscul&r resiri¢itd purposes. Fllrihcr rAplatt&tion of thc llature and puYrrf)Se Df eH¢h f￿lId is included in thc notes lo Ilic linttncial ststetntnrs. PeTr3ion CQSt5 &nd other post-rctirrrDpnt beDefit5 Thc ¢harity operat¢s a defined CDnlributigll pension schenie. CoDtributions payxble to the charitv's peiision schenie are chargtd io ilie Statement )[ Fi113n¢ial Actsvilies In the period io whi¢h Ibey relaie. Going tonce Tht h￿SE¢B5 ¢TrnSider thatth￿t are Inaterial iinteTiainties about the char¢ty'5 ability to contlijue as a goin8 coiicern. TRLTSTEF.S' RE.￿.￿uy[.lL4T10N AND BENI EF11S Th2Te i¥ei% *0 tros*Eg ieT)iOntr8tion orotiiBT bentfits for IhE year ended 5 April 2023 nor for the ycar ended 5 April 2022. TYll$teos' expEn$tS Tlierei¥#rÈ tho trusiees. ¢xpeDseg paid fDI"tlic year ended 5 Ai)ri12023 nor for the year trtdcd 5 Apnl 2022. Page 6 oiilinucd... SCOTT MORGAN FOIINDATION NOTKS TO THE FJNANCNAL STATEMENTS. CDDtinu¢d FOR THE YEAR ENDED 5 APRIT. 20ry3 CREDITORS= AMOLINTS FALLING DIIE WITHIN ONE yLI.4R 2023 2022 Social securily ?nd other lax¢s Other ercditors A¢cruals and deferred income 12.794 3.900 16,962 MOVENfeNf IN fuNDS Ntt IllDvemtnt In fuTrés Ar At 614r22 Uhr¢stricted General fund 41.816 RÈ$tricted furyds bniserv UK Limited 70,460 70.460 TOTAL FUNDS 11?276 IIL276 Net rnoven)ent in funds. incltsded in the thove aTe as follows.. Incoming resources Resoiirces ¢KPC￿ded Movemcnt in funds UnrtStrictèd funds GeiieToI fi)nd (9,537) 41J16 Re5trieted BTiISeTv UK LiThited 140.7951 70.460 TO'fAL FirNos 162,608 150.?J21 l L1276 runds Teceived from Entsery UK Limit¢d are tovtsrds the develop￿ent of tychTroloBy to a5$15t individu&l8 diagnosed with motor neurone disease. REL.4TED PARTY DISCLO8IIRFS There wereno related party typ￿SactIOnS for Ihc year ended 5 April 2023. Page 7