REGIsfrRED CHARITY NUMIIER: 1187386
REPORTOF THE TRUSTEES AND
UNAUDITED FINANCIAL sfATEMENTS
roR THE YEAR ENDED 5 APRIL 2024
FOR
SCOTh MORCAN FOUNDATION
Lives¢y Spottiswood Ltd
Cbart¢r¢d AtLount8nts
17 George SITeei
SrHeiens
Merseyside
WAIO IDB

sco￿ IWIORGAN FOUNDATJON
CONTEwfs OF THE FINANCIAL sfATEMEIYTS
roA THI YEAR ENDID 5 APRIL 2024
Page
Rtpoii of Ihe Trustees
IDdepeDdeiit Examint05 Rtport
8iitemtnl of FinA Trcial A¢liYilies
BalAnc¢ Sheet
Notei th tht Fina￿￿1&1 Statements
6 to 9
D¢taSltd StAtem¢nt olFiMRneial Aeihitie4

SCOTT hfORGAN FOUNDATION
REI PORT OF THI TRUSTIES
ron THE YCAR INDCD 5 APRIL 21J24
The Itustees present thBir rewn iyith the fJnanr&HI slHternents of the cbarity for the year end¢d 5 April 2024. The iIustees have
adopted the provisions of A¢toiinting llnd Reporting by ChBiities.' Stalem¢nt of R¢¢ommend¢d Practice Bpplicable ro chariiics
prep&ring their accoun15 in ￿COrdanCe ivith the Financial Reporting Standard *ppli¢abl¢ ii) Ilie UK and R¢publi¢ of Irland IFRS
1021 {effective l January 20I91.
OIIJCCTIVES AND AcfIviTILS
Objectives Aims
The thurity's aims and ubieclive5 Bre the adYancEmeTht ofscienc¢. licghh Dnd editcslion by carrying out, proniolin8 8nd pttblishin8
reseBtch into the ethic81 use of grtifi¢i?l intelligenc4 virtuo1 irality, enhon¢¢d reality, Tobolics and other high technology systems to
ugnient the capAbilitie5 wd w¢llb¢ing ofthose restricted by ag¢. ill-h¢aliK disability, orolherphysical orm¢iilal di5adYanta8¢.
Publ¢c benefit
Th¢ Trusttes ¢ortfimi Ih¢y have rt8ard for th¢ Public Benefit 8tsidan¢e issued by the Charity CoJzJ]ni55itsn as tbe ChaTities A¢1 2011
requires Charity 10 demonsThte the Public B¢r*fLI of our aims 4tJdobje¢iives.
AcHIEvE￿￿T AND PERFORMANCE
This year. The Seolt-Mor8an Foundation has ma¢k si8nifi¢ani strides itt advancin8 a551shve frthnDlogle5 Ih&t emPDiver individU￿S
th severt di58bilides. prtrticularly those livittg ivith ALSlhfjND.
wFree Professional Voicu for P¢opl¢ with Ais
In partr*iship Ivilh ElevenLabs, Ive laiinched a global initiative to provid¢ individuJls with ALS *¢¢t5s w fre4 profes8ional-quality
voice cbning. Thi5 alioiY8 wers to pr¢5¢rye their unique vocal 1demtirl￿, enoblsDg naTrwal communicaiion even as speech k¢omes
imp4iTed.
klyptr-Reallsti¢ AvAtAr$ for Ptnottml fi xprtssio
Workin8 Ivlth D-ID. Ive inlroducd hypcr-rtalis1i¢ digital avatar5 rapable of conveying nuanced facial expr¢ssitsn5 And etDOtion5.
Tbese aYat*3 help users maintain a visulll presell￿ &nd stteDgthen eJnDliollal COnDCCtion in £0]n￿￿TrICation. 3upwtting th¢
indcprndrnrc and dignity.
Inttgrated AAC Soluttrtrns with ￿￿0¥¢
Our de¢p2ning collatorntion with Lenovo kd to the debui ora ¢oinpreheDgiV¢ AI.pOI￿red comJ)uni¢aiion platfonn, shoiv¢ased ai
LeDOVO Tech World '24. 1b¢ 501uiioD integrates personalis¢d voiee r¢pli¢g¥ (via El¢venLabsl, realisiic avaiors (via D-ID).
ey¢-irn¢k¢rJ8 Ivi8 lrisbond), and pndidiv¢ Al kn dtliv¢r i seani1¢54 intuitive romTnUnT¢#lioii cxpEri¢ncc for pEoplc with profound
physic￿ dis&biiitie5. We gre also Ivo￿ing ¢los¢ly with L¢novo ott the development of a next-Een¢ration, fr¢ely avatlable AAC
(Augmentaiive and Alt¢rnative Comniuni¢ation} solution. Aim is lo provide an 4cctwJble and customisable plaifonn th&t
SUPFrf>rts users iyith eomplex communicaiion needs ivorldivide.
Th¢s¢ efforts fornl p•rl of our 0*8OU)8 mission lo m&k¢ ¢utting¢d8¢ i¢¢hnoiogies more sttclusiv4 affordable tnd a¢c<5sibk. We
¢orttinye to Collab)￿* with key portners 8lobAlly to develop artd open-wuree innovative tools. helping redefine whrtt it meaDS to be
disabl￿ in the 21st century.
FINANCIAL RC4VIEW
FIn*￿¢S$] posltlfyn
At 5 April 2024, 111¢ ¢h&rity¥ reserves i¥er¢ £81.586 ￿0￿ £112,276}. The redu¢rion in reserves Ixing eAtI￿lY due to thu
expEndiliirt of t grant IEceiv¢d in IhB prtVlOUs year for Ilie deYElopmenl of assi$iive ie¢hnology that had b2eD enlirely spent by the
ye￿¢Thd.
UJJre511i¢ted funds at Iheyearertd a￿our￿ed ts>£81.586 Q023- £41.8161.
Pa8e I

SCOTh MORCAN FOUNDATION
REPORT OF THE TRUSTCCS
FOR THE YEAR ENDED 5 APRIL 2024
FINANCIAL REVIEW
Rt$¢rYe$ policy
Tlje S¢ott-Morgan Foundation is redefjniiig liumaii ￿ten11a1 dirough i¢chnology. W¢ pi¢n¢¢r l)uman-centri4 AI-driven 959istivc
soluiions. focllsing on ALSIMND io ¢rea* innovations ihal $crv¢ the broadesi specirum of disAbiliiies. Our design for all" approach
ensures no one 15 Itft behind. Thmiigh ¢ollaboJ*ion, Ive dev¢lop inlegraitd. octtssible techJLologies ihAI enipoiY¢r millions to
commvni¢afr, ¢reai¢, and r￿llY partiClPte in sociely. By demotralisirt8 cuNin8-td8e innovation, Ive cknlknge perceptlODS of
disability and f05terAn inGlusive futuJe wliere everyone. ￿gardlesS of physi¢èl limiiaiions, a¢iiYely sh8pes our shaied ivorid. As Ivilh
uny oihEr smllll cknrilies ivhD ate mttinly dep¢nd¢nl on 8ra¥)is for its incotnE. niE Scott-morgan Foundation needs to prote¢1 its
rinanciol ]K>silion. Thts reserv¢5 poIi¢y 15 iniend¢d to sci Qui Ihe iRreernent on die level of ils reser¥es requiwj that ivill enswe the
time is av&ilable to make ￿(c5s￿ry rhan8¢5 if the ¢h8rity'S reserves Tcdurc.
Without the high levels of resour￿ to be able 10 ¢iEaie incomt-generaiing Invesimtnl4 thE triistee8 AgTeed that the ehaYlty'È Ibnds
uld be lield 8$ cash ond stay Ivithin day-to-day operating bank account. The reserve5 Are likely to be requircd fDr projects
dlor indivldll￿ 5UPIX>rt reqiies15 teceived by the Charity whi¢li niean5 a siviftwonse be necessary.
COnsider￿g rhe Size of the OTg&Nis#tion a￿d its key a¢iivitles, the itusiees for IhE Stott-Morg8n Found&lion agreed tbat Ihey i¥ish 10
mwniain a minimum level of reserves. equivaknt to 9 months Tllnning costs. This ￿￿Uld give sufficient time to seek Rdditionsj
fllnding to supprt the ongoing groi%rth of charity.
R￿er¥eS ai 5 April 2024 w¢r¢ E81,586 Equivaknt to approximately 17 nionlhs, Ivnning ¢ost& If th¢ level of reserves falls beloiv 9
months, the trUs￿S will mske a joint decision 35 lo IK)iY Jnuch ofthese reserves can be earM￿ked for futiite proposals and how
much should remain availabk to 511PPOrt the charity'5 costs.
STRUCTURE, GOVERNANCE AND MANAGEP*lEirr
Governirtg
The charity 15 conirolled by its governing documeDL g deed of trustand CODslitules 8n uniucorp)raied tharity.
InduetioTh #Ld traiLln8 of ntw trustees
All tru5tecs rcLrived appTOPTiate indutiiort and thiningto unders18nd the obJe¢tivts for Ibe Scott-MorEBn Foundation.
REFERENCE AND ADMINISTRATIVI D￿A￿Ls
Registered ehxiity
1187386
Pvlnclpftl addr¢5S
5 Planlalion W
Torqllay
TQ2 7SR
Trusttts
Ms E M D Duran Fcrnandez
Ms A F Darby (resigned 15.5.241
Mr P A YoungE (resigned 15.5.241
MrF P Scott-mown
Mrhl P Aylett ITe5igneAI 20.11241
MrDAWO%ve
MrJ A Overton IresiBj￿l 15.5.241
IndtpethJ¢nl Examlrt¢r
Andrew M¢Minnis ACA FCCA
Live$By Spottisivood Lid
Cbarteyed Ac¢oui)iatits
17 GeDrgc Siteet
Si Helens
MEf8eyside
WAIO IDB
Approved by ord¢roFihe l>)ard of trustees on 30 April 2025 signedon its beh&lf by..
MrDA W
%Yn- Ttwiee
Page 2

INDEPCNDLwf EXAMINER'S RIPORTTO THI TRusfEIS OF
scorr I¥JORCAN FOUNDATION
Indoptndent ¢x#mlner's report to (he tr¥st¢t$ of S¢otl Mor8*n Fowmdatlo
report 10 th¢ ¢h8r¢ty irustees on my examination of the 8ccouni$ of Swll Mor84n Foundulion (the TTU$tI for the y¢or endEd
5 April 2024.
Rtsp•nsibtlitÉe5 A Trd basis of reDDrt
As thE cherity trustee5 of the TNSI you gre responsible for the prewation of the a¢wunts in a¢¢oTdsn¢¢ Ivith the requirements of th?
CbErilies A¢¢2011 I'th¢ A¢VI.
I report in respect of my examination of the Trust's ￿Qu￿rS carIi¢d out unikr Section 145 of th¢ Act and in ¢ar¥ying out my
ex&￿In￿tion I havc folloiv¢d all 8pplic?ble Direction5 given by tlie Charity Commission undw Section 14515Xbl oflh¢ Act.
Indep¢ndenl st*temtTrt
I liave ¢omple¢ed my examSnaiion. I confirm that no jiialeri￿ rnall¢TS have cojne 10 ￿Y attenliDn in ¢onneGlion willi the examinatio
givin8 ]ne cllusE to believe thai in nny maierifyl yesre¢t'.
occounling JECOtds Iveie not kept in respe¢1 of the Trust AS requirtd by SecliuD 130 of the Act. or
the do not llccord iyiih th05E records., or
IbB accounls do Dol cornply %vitb the applieable Jequiremenls eoncerning the forjn Bnd conleDI of accouNts sei out in thE
Chsrities (Accounts and ]ieport51 RegUl&tio￿5 2005 oth¢r than 8ny requirement that th¢ gccounis giv¢ & tri￿ Bnd f￿r Vlelv
which is not a rnatter¢oiisider¢d ￿ partuf indEpEndenl exllminalion.
l knve no concerns and have com¢ acr055 no other malters in connection wilh th¢ ¢x4minaiion to ivhich att¢nlion should bB draivn in
thi5 report in ord¢rto enable 2 proper understanding of the accoull15 to bE reached.
Andr¢w Mcminn
The tN51itule of Chartered Accollntsnls in En81￿￿ and Wale
CA FCCA
Llvesey Spottislvood Ltd
Ch&r*red A¢counianis
17 George Street
Si H¢kns
MersBy$ide
WAIO IDB
Dttte..
Pag¢ 3

SCOTT MORGAN FOUNDATION
STATEMENT OF FINANCIAL AcfIvTTILS
FOR THI YEAR ENDED 5 APRIL 2024
2024
Total
funds
2023
Toi41
runds
Unrestiicted
fulld
Restricled
funds
Note$
INCOM￿ AND ENDOIYMENTS FROM
Donations and le8a¢ies
50,124
50.124
51.302
Technology developtnenl
29.318
29.318
OIlKrincome
50
Total
79.442
79.442
162.607
CXP£NDITURC ON
Rai5illg ￿ndS
219
289
551
Charitabl¢ 4¢ltvillt5
Tethnolo8y deveIopmeDt
39.383
70,460
109.843
49,780
Total
39,672
70,460
5Q331
NET INCOfvJEY(EXPENDITUREI
39.770
170.4601
130,6901
111276
RECONCILVATIQN OF FUNDS
TotBI funds brought fonyard
41.816
70,460
Ill270
TOTAL FUNDS CARIIIED FORWAR
81,586
81,586
112,276
CONTINUING OPERATIONS
All incom2 and expBnditute hDs ariscn frolli continuing activities.
The llotes fonn parl of these fin8n¢i41 SlEiem¢nl8
Page 4

scorr MORGAN FOUNDATION
BALANCK SHEET
5 APRIL 2024
2024
Totsl
fullds
2023
Tolal
fund$
un￿[$¢1ed
fund
ReslricteAI
funds
Notes
CURRENT AssErs
Cash Al bank
93,575
93,575
129.238
CREDITORS
Amoun15 fAlling due within onE year
111.989)
110.9621
NET CURRENT ASSLTS
81,586
81,586
112.276
TOTAL ASSETS IESS CURRENf LIABILITIES
81,586
81.586
112,276
NET ASSETS
81,586
81,586
112.276
io
Unrestricted funds
Reslri¢trJ fNftds
81.586
70,460
TOTAL FUNDS
81,586
I 12,276
The fjnantilli siiternents *¢re approved by the Board ofT)vstee5 8nd allihorwd for issue OD 30 April 2025 and were $ignEd on i15
behalf by..
MrDA W
%ven- Trustee
ThE notrs fotm prl ofihese finAnei&l slalements
Pagt 5

SCOTT MORGAN FOUNDATION
NOTIS TO THE fJNANCJAL ￿ATEmENTs
FOR THE YEAR ENDED 5 AVRIL 21124
ACCOUNfINC POLICIFS
B9$19 ofpr¢p8ring Ille fioAnelAI 51atemeTr15
The financial sioiemenls of the Charity, Ivhieh ys a public bBnefJt entity under FRS 102. have been prepB￿d in occord4ncB
wilh the Choriti¢s SORP (FRS 1021'A¢¢ouniing artd Reporting by Cliarities.. Stsienienlof Recornmended Practice applirabk
to cliariiies prepgrsng their accounts Bccordance iyiih ilie Financiol Reportin8 Standard 8ppIic3ble in Ihe UK and Republi¢
of Ireland (FRS 1021 {effe¢iiv¢ l January 20191,, Fin￿el￿1 Reportiiig Slond£rd 102 'TlJe Fingncial Reporting SIAndard
pplicablc in th¢ IJK and Republicof lyeland, aiid ib¢ Charities Aci 2011. The finan¢ialstat¢m¢nls have been prepared under
the liistoriGul oosr coftvenlion.
The ¢barity ineeis the definition ora public benefit entity under FRS102. The flnanci￿ slaren￿￿ts Er¢ PTep#red In Sterling
wliich is Ilie fullctionul currtncy of the d￿rity.
Ineome
All iii¢ome is tecoEnised in the 51aleinenl of FinanGiBI Activilie50nce lh¢ charity lias elltitlcmBnt 10 the It is probable
Ih81 the income ivill be received 4Dd the on￿￿nI bB ￿eASU[Ed reliably.
Exptijdilllre
Liabilities aTe recognised as expendtture a5 soon as there is a le8al or eonstru¢iive obli8#iion comlliitting the chtrity to th&t
expemdilure, il is ￿￿babIe 11181 a Iran$fei' of e¢onomic ￿￿tfIts ivill bt rtquittd in settltmenl and ihe omounl of Ihc oblig&lion
be mtSSUlEd reliably. ExpEnditure is ac¢ounied for on an ac¢ruals basis And has been Cla￿lfIed under beBdings th8t
28gregate Rll c05t re10ted to Ihe catcgory. WIKrt Eosts cannot b¢ directly Bttribul¢d lo parli¢ular headiiigs th¢y h&v¢ be¢n
allo¢&ted lo llclivities OD abasis consisl¢nl iviih thE use ofTe$ouT¢es.
Taxatio
Thtt ¢h8rity is ¢xempr fmm thx on its dioritsbl¢ act2vitie&
FllDd accollmtilkE
Unteslricted flind5 can b2 Used in accordaTrrB ivith the ¢h8ritable obje¢tiv¢s al the dis¢rttion ofth¢ trustees.
R¢8trict¢d fvnds c4n only be USBd for pArticultsr ￿$tricted pu[pO￿ ivlihln the objects ofiiie Charity. Restrictions gri5e ivh¢n
$￿e1r1ed by ilie doDorar ivhen funds are rdised for parlicular re51Ticled Put￿5¢$.
FurtkrexplqD41ioTL ofihe ADtU￿ and purpDse of ellch fund is inGluded in the note$ lo the financial stalem¢nl5.
Ptnslon ¢osr5 And other p05t-retlremeTrt b¢n¢frf¥
The ¢harity operaits a defirted tonlribulion pension sebeme. Conlribulions pay&ble to thc chHrity's ￿nSIon sthEnie are
chuged lo the Stateme￿1 of Fin&rtcial A¢tivilies in the period to ithi¢h ihty rel8te.
Gfying ¢ODC¢rn
The [r￿1¢¢S ronsidei'thal there are JRotcrial unccrtaintie5 &boutthc charity's ubility ID (Y)ntinue 88 a going ¢on¢ern.
DONATIONS AND LEGAcIr
2024
2023
Donalions
50,124
51.302
Pllge 6
¢ontinued...

SCOTh MORGAN FOUNDATION
NOTES TO THE fJNANCIAL STATEfvIENTS. t0ttt1rt￿¢d
roR THE YCATI ENDEID 5 APRIL 21J24
INCOME fRo￿I CHARITABLCACTIVITIES
2024
2023
Activity
Technology development
Grnnls
29,318
RAISING FUNDS
R$i$in8 dollxtions l¢gatle¥
2024
2023
F¥ndrwsingcosts
289
551
CHARITABLE ACTIVITIES COSTS
Supwrt
CDsts Is
note 61
Direct
Costs
TotAIs
Technology development
49.603
60,240
109.843
SUPPORT COSTS
Govel￿nn¢¢
COS18
Mana8em¢ni
Totals
Te¢hntslo8y de￿lOpm￿t
57.338
2.902
60,240
Athivity
Manz8¢meni
Govefflance costs
Basi50f illo¢ation
Wholly ¢h8ri¢able
Wholly ¢horitAble
Goveman¢e includes 8c¢ow)toocy fee$ ID re5pe¢rof th¢ lode￿ndentexgmitt￿tl0tt of£l,700 (2002- £3,900).
All txpendltuit Ir* relation to support ¢OSts Iv￿ UtslTStri¢ied.
TRUSTEES, REMUNERATION AND BINEFJTS
Th¢rc We￿ no tru5t¢cy' K￿ll￿￿tiOn￿r other knefits foi. Iheyejr ¢nd¢d 5 April 2024 I￿rfortheye￿r eDded 5 April 2023.
TrI5tees' ezptnse5
The￿ were no tTU5tee4 expBnsespiid for the yE8r¢Dded 5 April 2024 nDr for the yearended 5 April 2023. however. £1,991
(2O23- £Nill %VBS 1rillibli￿ed to two IJust¢t5 in respectof exwidilure ￿ade on Ihe Charity's b¢l]alf.
STAFF COSTS
2024
2023
W88es and sAlaries
S￿181 serurtty cost5
Oditr pension costs
54,503
lJ35
1.500
38,333
4,767
57J38
44,250
The avcrage monthly numbcr ofeinploy¢es dunno Ih¢y¢or ivas as follo%Ys',
2024
2023
Mana8ement athd &dniinisiraiion
No ¢mpioyee$ received emolunitnts In ¢xctss of£fjO,000.
Th¢ ¢olaltmployt¢ b¢nefiisof tbe key mBnagementpersonnel were £56.003 (2023.. £39.4831,
Page 7
oDtiTrued...

SCOTT MORGAN FOUNDATION
NOTLS TO THE FINANCIAL STATEMENTS- ¢ontinu¢d
FOR THE YEAR ENDtD 5 APRIL 2024
CREDITORS: AfvIOUNTS FALLTNC DUE IVITHIN ONE YIAR
2024
2023
soci￿ securiry and other taxes
OihBr rrediiors
Acctual$ and def¢rrnd income
9,089
12,793
269
3,900
2,900
11,989
16,962
Io.
MOIIEMENT IN FUNDS
Net
movement
fu￿d5
Al
514124
At614123
Unrestricted fullds
fjenerol fllnd
41.816
39,770
81.586
Restrictwj funds
EntS¢N UK Limited
70,460
(70,4601
TOTAL FUP4DS
112,276
{30,6901
81.586
Nel movcmeot in fund& included kn the &lx)ve are as follows..
ILcomin8
iesource5
Resour¢¢s
expended
Mov¢ni¢nt
in Funds
UThrtstrleted fuThd$
GenEial fund
79.442
(39,6ni
39.770
Rejtricted fuThds
EnlSeN UK Litnited
170,4601
170,4601
TO'fAL FUNDS
79,442
130.6901
Compgratives lor movemeDt Ill funds
Nel
movenient
in Funds
At
514
At 614122
Uniwtricled fund5
Ge￿181 fvnd
41,816
41,816
Rtstrf¢ted funds
EDIServ UK Limited
70,460
70,460
TOTAL fuNDS
112,276
112.276
P8g¢ 8
conliniied.

SCOTh MORGAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- eontlrtuod
FOR THE YEARENDID 5 APRIL 2024
io.
MOVEMENf IN fuNDS. continlled
Compar?live net movement iii fund4 includEd in the &trt)ve ar¢ a5 follows..
IrKoming
resoui'ce5
Re50Uit¢8
expend2d
Movemeot
in fund5
UDrestricted funds
General fijnd
Jl J52
19,5361
41,816
Rtstj'kted funds
Enlsery UK Limited
(40.795)
70,460
TOTAL FUNDS
162.607
(5G,331)
112.276
A ¢urr¢DI y¢8r 12 D)onlhs and prior ycar 12 rnonrhs combined tX>5ilion 15 folioiv5.'
Net
rnovemeDI
in fund5
At
514r24
At614122
Unrestrtcted fuTrd5
Ceneial fund
81586
81,586
TOTAL FUNDS
81,516
81.586
A Cu￿n[year 12 months gnd P¥K)r year 12 months WtDbined n¢t rnov¢m¢nt ID fund% in¢luded in thB above ate 8s follow5.'
In￿mIng
re50UTCCS
Resource5
expended
ovenient
iii fund5
Unrestricted funds
General fund
130.794
149.2081
81.586
Re$trlct¢d fwmds
B￿￿try UK Lunited
TOTAL FUNDS
242.049
1160.4631
81.J86
runds reeeived froni Entserv UK LimitrA &TC toivards ihc dEvelopznent of tcchnolo8y to a58i5t individuals diagllosed
nwtorn¢uron¢ dis¢a5&
RELATED PARTY DISCLOSURES
Tliere iYerE no reloted party Iransa¢iions forih¢y¢ar¢nded 5 April 2024.
P88c 9