2021-04-05-accounts - The Helen Isabella Mcmorran Charitable Foundation

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Trustees' Annual Report for the period

	Period start date	Period start date			Period end date	Period end date
	Day	Month	Year		Day	Month	Year
From	06	April	2020	To	05	April	2021

Section A Reference and administration details

Charity name The Helen Isabella McMorran Charitable Foundation

Other names charity is known by Registered charity number (if any) 266338

Charity's principal address Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol Postcode BS2 0JJ

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)
	NatWest Trust Services		To 06 April 2021
	Ludlow Trust CompanyLimited		From 06 April 2021

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

TAR

March 2012

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Investment Managers	NatWest Bank Plc	440 The Strand, London, WC2R 0QS
Bankers	NatWest Bank Plc	440 The Strand, London, WC2R 0QS
Solicitors	Hugh James	Hodge House, 114-116 St Mary Street, Cardiff, CF10 1DY
Independent examiner	Geoffrey Frost	Blue Spire Limited, Cawley Priory, South Pallant Chichester, West Sussex, PO19 1SY

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Trust deed dated 20 August 1973

(eg. trust deed, constitution)

How the charity is constituted

Trust

(eg. trust, association, company)

Trustees are appointed by the existing trustees. Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

The objects of the charity are to apply the income for any charitable object or objects as the trustees think fit.

Summary of the objects of the charity set out in its governing document

In furtherance of these objects the trustee shall give consideration to making grants to the charities outlined in the settlor’s letter of wishes as follows: Help the Aged, Christian Aid, Cambridge House, St John’s Ambulance, Church Army, Salvation Army, Distressed Gentlefolk, Royal Commonwealth Society for the Blind, Cambridge Preservation Society, The Samaritans, R.S.P.B., National Art Collection, Friends of Fitzwilliam Museum, The National Trust, Dean and Chapter Ely Cathedral, Girls Public Day School Trust, Historic Building Fund, DIBS Charitable Trust, Save the Children Fund, Abbeyfield Homes, Edinburgh Festival Appeal, Historic Churches Preservation Trust

TAR

March 2012

In furtherance of the charity’s objects for the public benefit the trustees provides grants in accordance with the letter of wishes. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

TAR

March 2012

Section D Achievements and performance

Summary of the main During the year under review the charity made 19 grant awards totalling achievements of the charity £50,400. during the year

TAR

March 2012

Section E Financial review

Brief statement of the

charity’s policy on reserves

At the end of the reporting period the charity had free reserves amounting to £8,541 (2020: £17,250).

In addition to the free reserves the charity has bank balances of £2,235 (2020: £40,230) and investment assets of £751,174 within the expendable endowment fund.

The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives, as well as covering future needs, opportunities, contingencies and risks.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s)[Chris Thurlow ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc)

Date 04/02/2022

TAR

March 2012

Charity Name			No (if any)
The Helen Isabella McMorran Charitable		Foundation	266338
Receipts andpayments accounts				CC16a
For the period from	Period start date 06 April 2020	To	Period end date 05 April 2021

Section A Receipts and payments Unrestricted funds to the nearest £ A1 Receipts

A1 Receipts	Unrestricted funds to the nearest £ 10,636 - - - - - - - 10,636 - - - 10,636 50,400 - - 630 - - - - - 51,030 - - - 51,030 (40,394) 31,415 17,520 8,541	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - 562,075 - 562,075 562,075 - 14,578 - - - - - - - 14,578 554,077 - 554,077 568,655 (6,580) (31,415) 40,230 2,235	Total funds to the nearest £ 10,636 - - - - - - - 10,636 562,075 - 562,075 572,711 50,400 14,578 - 630 - - - - - 65,608 554,077 - 554,077 619,685 (46,974)	Last year to the nearest £
Income from investments	10,636				16,409
Income from bank interest	-				99
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	10,636				16,508

A2 Asset and investment sales, (see table).
Sale of investments	-				364,434
	-				-
*Sub total*	-				364,434
*Total receipts* A3 Payments
					380,942

Grants awarded	50,400				20,250
Inv mgmt and admin	-				12,321
Independent examination	-				325
Accountancy	630				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	51,030				32,896

A4 Asset and investment purchases, (see table)
Investmentpurchases	-				319,431
	-
**Sub total **	-				319,431
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end **
					352,327

	(40,394)	-	(6,580)	(46,974)	28,615
	31,415	-	(31,415)	-	-
	17,520	-	40,230	57,750	29,135
	8,541	-	2,235	10,776	57,750

CCXX R6 accounts (SS)

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities	(agree balances with receipts and payments account(s)) Details Capital account Income account *Total cash funds* Details Details Investment portfolio Details Details Bank fees Independent examination Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 8,541 - - 8,541 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) Endowment 317 Unrestricted 780 - - - Print Name Chris Thurlow On behalf of Ludlow Trust Company Limited	Endowment funds to nearest £
			2,235
			-
			-
			2,235
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			751,174
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)





			Date of approval
			04/02/2022

CCXX R7 accounts (SS)

Section C Notes to the Accounts

Section C Notes to the	Accounts	Accounts
C2 Grants to institutions C3 Related party transactions C1 Nature and purpose of funds(may be stated on analysis of funds worksheets)	Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charityand which have not been designated for otherpurposes. Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity's objectives.
	Recipient - 1 grant unless annotated Age UK Cambridge House & Talbot Cambridge Past, Present & Future Christian Aid Church Army Edinburgh International Festival Ely Cathedral Trust Friends of Fitzwilliam Museum Girls Day School Trust National Art Collections Fund National Trust RSPB Salvation Army Save The Children Fund Sightsavers St John Ambulance The Abbeyfield Society The National Churches Trust The Samaritans	£ 3,600 1,800 1,800 3,600 3,600 1,800 3,600 3,600 3,600 1,800 3,600 3,600 1,800 1,800 1,800 1,800 3,600 1,800 1,800
		50,400

	No trustee received any remuneration nor reimbiursed any expenses in the year under review. During the year under review National Westminster Bank Plc, a trustee of the charity, were paid fees for the provision of administration and investment management services amounting to £14,578 (2020: £12,321) as authorised under clause 12 the trust deed.

CCXX R8 accounts (SS)

Independent Examiner's Report to the Trustees of The Helen Isabell McMorran Charitable Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 05 April 2021 as set out on pages 6 to 8.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

04/02/2022 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY