Registered Charlty Number: 266532 The Bernard Morris Charitable Trust Report of the Trustees and FSnanclal Statements for the year ended 30th June 2024 Wenn Townsend Chartered Accountants Oxford
The Bernard Morris Charitable Trust Contents Page Reference and Adminislralive Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial A¢livilies 10
The Bernard Morrls Charltable Trust Reference and Administrative Details for the year ended 30th June 2024 Trustees MrSARyde Mrs A L Ryde Miss J L Ryde Mr B Ryde MrJSRyde MrJDRyde Principal Address 5 Wolvercote Green Oxford OX2 8BD Règisterèd Charity Number 266532 Independent Examlner A K Bahl BA BFP FCA Wenn Townsend 30 St Giles Oxford OX1 3LE
The Bernard Morris Charitable Trust Report of the Trustees forthe year ended 30th June 2024 The Trustees present their report with the financial slalemenls of the charity for the year ended 30th June 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1st January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The object of the Trust is lo make donations to needy individuals and insts'tulions. Ensurlng we meet our aims The Trustees review the aims. objectives and acts'vilies each year. We look al what we have achieved in terms of the success of each key activity and the benefits we have brought to those groups we are set up to help. This review also helps us lo ensure our aims. obieclives and activities remain focussed on our stated purposes. We have referred lo the guidance contained in the Gharily Commission's general guidanTr on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives we have sel. Grantmaking The Trust continued to meet ils objects during the year by making grants tolalling £1 D5,95012023". £118,432) in accordance with the Trust Deed. Following the sale of an investment property in 2013, the Trustees are carrying out their plan lo expand their grant making in the future with the funds realised. The Trust received further investment property valued at £280,000 in the form of a donation in 2020, adding lo the Trust's asset base and income generating capability. This propety was sold in 2022 to provide further funds for grantmaking. FINANCIAL REVIEW Reserves policy AI 30th June 2024 reserves were £319,55612023. £365,216), of which £88,34612023.. £133,758) was freely available. 11 is the aim of the Trustees to keep the level of free reseNes to a minimum in order lo maximise expenditure on the charitable objects. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeumènt The Bernard Morris Charitsble Trust is conslituled by Deed of Trust and is a registered charity, number 266532. Ils address is 5 Wolvercote Green, Wolvercole, Oxford, OX2 8BD. Recruitment and appointment of new trustees The power to appoint new or additional Trustees rests with the existing trustees. New Trustees are inducted through discussions with the existing Trustees. Investment powers The Trustees have full and unrestrtcted powers of investing 2nd transposing investments in all respects as if they were absolutely entitled to the trust fund beneficially. Killik & Co LLP are appointed lo manage the investment portfolio with the aim of maximising the investment income of the Trust. MrSARyde Trustee
Independent Examiner's Report to the Trustees of The Bernard Morris Charitable Trust I report lo the charity Trustees on my examination of the accounts of The Bemard Morris Charitable Trust for the year ended 30th June 2024 which are sel out on pages 4 to 10. Responsibilities and basis of report As th2 charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. 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 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect". accounb'ng records were not kept in respect Df the charity as required by section 130 of the Act.. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the fom and conlenl of accounts set out in the Chariti'es (Accounts and Reports) Regulations 2008 other than any quIreMent that the accounts give a 'true and fair view, 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 lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. A K Bahl BA BFP FCA Partner Wenn Townsend Chartered Accountsnts Oxford . 2024
The Bernard Morris Charitable Trust statement of Financial Activities for the year ended 30th June 2024 2024 Unrestricted Fund 2023 Total Funds Notes Income and endowments from: Donations and other income Investment income 40,000 8,909 1,033 9,070 Total 48,909 10,103 Expenditure on Raising funds 338 290 Charitable activilies Granlmaking Support costs Other 105,950 1,000 60 118.432 1,090 60 Total 107,348 119,872 Nel gainslllossesl on investments 12,779 21,446 Net incomellexpenditurel 145,6601 188,3231 Reconclliation of funds Total funds brought forward 365,216 453,539 Total funds carried foThvard 319,556 365,216
The Bernard Morrls Charitable Trust Balance Sheet as at 30th June 2024 2023 Unrestricted Fund 2023 Total Funds Notes Fixed assets Investments 231,210 219,630 231,210 219,630 Current assets Cash al bank 89,346 146.586 Creditors Amounts falling due within one year {1,0001 11,000} Net current assets 319,556 365,216 Total assets less current liabllltl&s 319,556 365,216 Net assets 319,556 365,216 Funds Unrestricted funds 319,556 365,216 Total funds 319,556 365,216 2024 2nd were signed on its behalf by.. MrSARyde Trustee
The Bernard Morris Charitable Trust Note$ to the Financial Statements forthe year ended 30th June 2024 Accounting policies Basis of preparing the financial statements The financial slalemenls of the charity. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. statement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting S13ndard applicable in the UK and Republic of Ireland IFRS 1021 {effeGlive 1st January 2019),. Financial Reporting Slandarc$ 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial slalements have been prepared under the historical cost convention. with the exception ol investments which are included al market value, as modified by the revaluation of certain assets. Income All income is recognised in the Statement ol Financial Activities once the charity has enlitlemenl to the funds. il is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is 8 legal or Conslruclive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Vlthere costs cannot be directly attributed to particular headings they have been all(Sted to activities on a basis consislenl with the use of resources. Grants offered subject to conditions which have not been mel al the year end dale are noted as a commitrnenl bul not accrued as expenditure. Investment property Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Slalemenl of Financial Activities. Taxation The charity is exempt from lax on its Charitable aclivilies. Fund accounting All incoming and expended resources are unreslricled and can be used in accordance with the charitable objectives at the discretion of the Trustees. Fixed asset investments Quoted fixed asset equity investments are included in the accounts at their market value al the balance sheet dale. This give5 rise to unrealised gains and losses which are included on the f8Tr of the Statement of Financial Aclivilies. Unquoted fixed asset investments are included in the accounts al historical cost. Investment income 2024 2023 Dividend income 8,909 9,070 8,909 9,070
The Bernard Morrls Charitable Trust Notes to the Financial Statements Icontinuedl for the year ended 30th June 2024 Raising funds Investment management costs 2024 2023 Investment management Charges 338 290 338 290 Grants payablg 2024 2023 Grant making 105,950 118.432 The total grants paid lo institutions during the year was as follows.. 2024 2023 Banbury Rotary Economic Rural Development Society Chabad of Oxford Lemon SOLJI Ltd Mulberry Bush S¢hool Oxford Synagogue & Jewish Cent 712 10,000 1,000 1,000 3,500 150 250 OxFord Philharmonic Oxford Menorah Save Trust WJR Mill Hill Synagogue UJS Hillel Ben Gunon University Peasmarsh Music Festival Al The Bus Kanlèr Jules Charitable Trust 20,000 200 1 S,000 14,000 1,000 1,500 250 1,000 4,000 2,500 32,000 200 25,000 1.000 Jewish Care Clic Sargent H8tzhah Dulwich Prep 20,000 120 30,000 1,000 1,500 85,450 101.432 The total grants paid to individuals during the year was as follows..
2024 2023 Ash Sharma Matthew Johnson Risha and Sacha Sharma Bilal Fawaz Moshil Hoch DavKI MacDonald 8,000 9,000 10,000 2,500 5,000 3,000 20,500 17,000
The Bernard Morrls Charltable Trust Notes to the Financial Statements Icontinuedl for the year ended 30th June 2024 Trusteès, remuneratlon and benefits There were no Irusleès, remunèration or other benefits for the year ended 30th June 2024 nor for the year ended 30th June 2023. Trustees, expenses There were no Iruslees, expenses paid for the year ended 30th June 2024 nor for the year ended 30th June 2023. Flxed asset investments Listed Investments Market value Al 1 sl July 2023 Additions Disposals Unrealised gainslllossesl on investments 219,630 30,557 131,7561 12,779 Al 30th June 2024 231,210 Net book value At 30th June 2024 231,210 At 30th June 2023 219,630 There were no investment assets outside the UK. Cost or valuation at 30th June 2023 is represented by.. Listed Invèstments Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 Cost 8,466 110,1021 45,212 148,6341 16,058 12,779 207,497 231,210 The historical cost of Iisled inveslnEnts at 30th June 2024 was £207,49712023". £220,549).
The Bernard Morris Charltable Trust Notes to the Financial Statements Icontinuedl for the year ended 30th Jun¢ 2024 Creditors: amounts falling due within one year 2024 2023 Accrued expenses 1,000 1,000 Movement in funds Net movement in funds 2024 At 1.7.23 At 30.6.24 Unrestricted funds General fund 365,216 145,6601 319,556 Total funds 385,216 145,6601 319,556 Net movement in funds included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 48,909 1107,3481 12.779 145.6601 Total funds 48,909 1107,3481 12,779 145.6601 Net movement in funds 2023 At 1.7.22 At 30.6.23 Unrestricted funds General fund 453,539 188,3231 365,216 Total fund$ 453,539 188,3231 365,216 Nel movement in funds included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement In funds Unrestricted funds General fund 10,103 1119,8721 21,446 188,323) Total funds 10,103 1119,8721 21.446 188,323) 10. Related party disclosures During the year the charity made a grant of £25012023. £2501 to the Oxford Synagogue and Jewish Centre Limited. 8 charity ofwhich Mr S A Ryde is a Trustee The charity received donations of£40,000 from Bradford Securities Limited , a company controlled by the trustees.
The Bernard Morris Charitable Trust Detailed Staternent of Financial Activities for the year ended 30th June 2024 2024 2023 Income and endowments Donations and other income 40,000 1.033 Investment income Dividend income 8,909 9.070 8,909 9,070 Total incoming resources 48.909 10,103 Expenditure Investment management costs Investment management charges 338 290 338 290 Charitable activities Grants lo institutions Grants lo individuals 85,450 20,500 101,432 17,000 105.950 118,432 Support costs Manag&ment Ac¢ountsn¢y fees Bank charges 1,000 60 1,090 60 1,060 1,150 Total resources expenses 107,101 119,872 Net expenditure before gains and lossos 158,1011 1109,7691 Rea115ed recognised gains and losses Gainslllossesl on investments 12,779 21.446 N•t èxpènditure 145,3221 188,3231