2024-04-05-accounts

Willie and Mabel Morris Charitable Trust Charity Number. 280554 Trust Accounts for the year ended 05 April 2024 FEpared ty. Chths Russdl SpeeGls LLP 5 F￿ Plxe EC4M 7RD

Willie and Mabel Morris Charitable Trust T￿￿t Accounts for thè year ended OS Aprll 2024 Contents Page Trustees. Annual Report Independent ExanNnerfs Report Ststement of Finanaal Adibihes Balance Sheet Notes 8-12

Willie and Mabel Morris Charitable Trust Trust8es' Annual Report for the year ended OS April 2024 A¢knini$tratlv• Infomiatlon a¢ OS Awil 2024 S•ttlord Wflliarn Henry Albert Moms Mabel Annie v￿loria Morris Tru$t••s Andrew Stephen Lindsay Telher (died 27 August 20241 Suzanne Jane Mauiott Angela Mthele Tether an Michaèl Bryant {rètirÈd 21 May 20241 Verity Anne Lindsay Tether Phoebe Su$an Lindsay Telhei The power of apwnting new Iru51ee5 wa5 NE51ed in the Settk)rs (by wrtue of Clause 11 of the settlement deed) during their fespe¢li¥e lrfètimes and. folloing their dèaths, thè statlrtory powecs of apw"ntin9 new tru$leo$ ap￿y. As a small grarbl ffling trusl. there are no f¢)rmal pro¢edwe$ for the reLwthient. appoinlmenl. ￿duC￿"0n and training of new trustees. Reglstered Charity No. Regl$l¢r¢d Addros$ Charfes Russell Speechtys LLP 5 Fleel Place London EC4M 7RD Administrators and Legal Adrnrs Chartes Russell Speechtys LLP 5 Fleel P￿ce London EC4M 7RD InvestmentAdvlser8 and Manager5 JMFnn&Co 4 Coleman Street London EC2R STA Bankers Coults & Co 440 Strand L(￿￿On Independent Examlner Ms Tarwa Mohammed BA, FCA Couch Biighl King 8 Co 2 TolhÈrst Court Turkey Mill Business Park A5hford Road. Maidslone Kent. ME14 5SF

Willie and Mabel Morrls Charitable Trust Trustee5' Annual Report for the year ènded 05 Aprll 2024 Oryanis•tion and Dxl$l<bn4laking Structure The Trustees meel annually to Tewew ap￿1¢al￿On$ fty fvnth"ng. investrnent perfomance. income levds and the finan￿81 statements. In between Trustee Meelings, appbications are also considered by the Trustees and d￿atrons made as appropriate. History and Objects The W & M MoTTiS Charitable Trust was ueed by Deed dated 3 June 1980 wth an init￿1 sum settled of £1.000 cash. Further funds were added by a Deed of Assignment of Reversionary Iniere$l under the will of J H Ahem Deceased dated 3 June 1980 whereby W H A Motris Ilhe Joint Setllorl assIg￿ed his Teveryonary interest in the residuary e$tsle of th• late J H Ahefn (exduding Ihe Retained Fund as delined theretnl lo Ihe Truslee$ lo be held on thg Injsts ol the W & M MorFi5 ChantatAe Trus1 Itg3ether Ihe Tvusl F￿￿). The Trustee5 Ibjld the Trust Fwxl upon trLLSt lo appty the Sa￿ Iwithcxrt dislinclN)n beiween Ca￿tal and in¢orne trx¢¢pt ￿ so far as condibons may have been attached to any dOnat￿)n addib.on to Ihe Trust Fund) for'.- {#) s￿h ¢haritie$ registered und8r Section 4 01 the Charitie5 Act 1960. Ibl Ihe support ol any wlKJse main purpose is the relief of physical il health in particular cancef. heart tr￿ble. neurologi&￿ diseases and al￿111s. The Accounts Thè Truslees are satisfd w￿h Ihe finanrial pob"on of the Chanty and confim thal they have adequate assets aVal￿ble lo fuffil the obli9alions. 1. All cash is held on interest bearing bank accounts. èxcept th8 Trustees, current account al Coutts & Co. The Truslees arg in tho FKcess of mo￿ng the Trusfs bank aC£￿t lo another banking prowder. 2. The accounts com&ty wilh Cuttertt statulw wyirements. 3. Investments have been a¢quiW in accordance with p￿erS coniained wthin the governing doclwnenl las extended by an order of the Charity ComnwssioneTs under the Charities Act 1993 Seth"on 26 daled 31 October 1995 whereby the TnJ51ee5 w￿e emp(Fwered lo delegatg their investment powers lo a suilable wwe5tment m￿￿). Reservès Pollcy The polw of the Truslees {whKh is lo be Tebiewed •￿vally) is lo fvlly disln.butg all in¢ome raceived by the Charity. laking ￿e year th anotlw. $0 thal rho Substantial reseNe will be fomied out of irb))me. Exposur• to risll The TnJstee5 have assessed thè major risks to which the Charity is exposed. in particular those ￿lated to the cyerations and finances of the Charty and are Sa￿"s￿ed that system$ are in place to mib.gate th8ir exposu￿ to risk.

Willie and Mabel Morris Charitable Trust Trust8es' Annual Report for th8 year ended OS April 2024 R•vi•w of the Year During the year under review, lolal incorning resources a￿k)Unted lo £155.60312023- £156.949) individual donabons made ranging in 5iie fTom the smallest of £1 (K) to the ￿rgest of £10,(KJO. total￿n9 £99,900 {2023- £95.0151. Support costs of £46.437 {2023- £45.3891 and investment management lees of £32.935 {2023- £34.1681 were incurred. The resutt is nel incomin9 resources for the year of minus £23,66912023- £21,67n. Futur¢ Dev•lopmonts The TTu$lees envisage that, after expenses. the in¢om¢ of the Charity should be lully utilised each year. It 1$ tho Trustees. piesent policy not to respond to unsolicited requests Irom indiwduals lor assistance and lo only make donations to registe￿ charibes. Investment Policy The investmenl objective for the Tru51 is lor a balance bets¥een capital gr(pth and income with 3 medium risk investment 51ralegy as defirwl in a Pdicy Siatefflent Agreement dated 2 May 2017. At a Trustees meeting held on 13 Marth 2023. no changès wère made to the strategy. The Trustees concluded that all necessary a￿aS of ri$k have been (x)n$￿ered and precautions have ben taken. The portfolio is invested predominanlly wa a well diversified selection of UK equity holdings providing exposure to companies on reasonable valuab.ons ￿th attraclive yields. These aTe cornplirnenled by investmen15 in a number of 5peciali51 collective fund5 pio¥iding ffllKlesl exw)SUfe to ovèrsèas markets with lower than UK income ieiwns and sevefal investments in ¢omparativefy high yielding fixed interesl UK and inlemalional bonds. Investment Perfornian¢• The investment perfoman¢e for the Trust for the year ended 5 April 2024 showed a gain of £95.794 11.850hl compared to a loss of £864,671 111.1%} in the previous year. Under the terms of the 2017 Policy Statement Agrèement relefred to above, the pertormance of the portlolio is measured against the VVMA (Wèalth Management Asswationl Balanced Index. The investmenl perfomiance will be monitored c105ely by thè investment managers and the Trustees and reviewed again in the usual manner al the Trvslees. annual meeting in 2024, again laking account of Ihe independent invest￿￿nI reporl from Enhance and the new benchmark referred to above. The Trust produced investmènt income of £146.361 12023- £156.9491 dUrI￿j the year ended 5 Aprl 2024 pioviding a yield of 2.754A on the v￿ue of th¢ portfolio at S April 2024. The capital liquidity of Ihe lurKI sloo(l al 1.09% as 815 April 2024 and Ihe Tru$lee$ are satisfied with this level of liquidity. as in general. liquidity should be no than l￿_

Willie and Mabel Morris Charltable Trust Trustees. Annual Report for Ihe year endod 05 April 2024 A¢hlov¢monts and Perfonnance- Grant Making Policie Although thi$ is a general charitable Irusl. as shown above there is speeAal Èmphasis on certain med￿[ matters. The Trustees have therefore concentrated their èfftsrts ￿ suppothng such charities in that. of the donalions made in the year ended 5 April 2024. £72.900173% of the total of £99,9C(Jl was gTanted to "medicaf. charities. £59.3(K)159%1 was lo chafilies sijpporting or researching into the diseases and conditrons speaficamy referred to in the sett￿ment deed". £31.5￿ {31%1 to cancer related charities, £20,300 {20°kl to neurohjgical diseases. £2.5￿) (2.5%) to hpart troubbe arKI £5.(KNI15%) to arthritis. Related Partles Suzanne Jane MavTicll, a Trustse, is an equity parhwr ￿th Charles Russel Speechtys LLP. Alan Michael Bryanl. a Twslee. was 8 sÈnKw associale wilh Charfes Russell Speethlys LLP who reliied from piaclice on 6 June 2018. Alan rgtired as a Trustee on 21 May 2024. Charles Russell Spe¢chlys LLP is Ihe adfflinistrator of and ￿gaI ad￿￿er to the Tw$1 and fe¢$ wèrè pa.kl to Charles Russem Speechlys LLP during the period coNEred by this accounl as indicat8d in notè 4 to th? accounts. Publlc B•n•fit statement The Trustees confirm Ihat they have comph'ed with their diity to have due regar(I lo the guidance on Publ￿ benefit published by the Charity CoFrwrM"ssiLN) in exgr¢isin9 their powers and duties. Approv¢d on bohalf ol th• Trust• Suzanne Jane Marriott Dale

Willie and Mabel Morris Charitable Trust

Independent Examiner's Report to the Trustees of The Willie and Mabel Morris Charitable Trust

I report to the trustees on my examination of the accounts of The W & M Morris Charitable Trust (the Charity) for the year ended 5th April 2024 which are set out on pages 6 to 12.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the 2011 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:

• 1) Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2) The Accounts do not accord with those records; or

• 3) The Accounts do not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports} regulations 2008 other than any requirement 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 to which attention should be drawn in this report in order to enable a property understanding of the accounts to be reached.

Couch Bright King & Co Chartered Accountants 2 Tolherst Court Turkey Mill Business Park Ashford Road, Maidstone Kent, ME14 SSF

�(A��JJ

Ms Tarwa ~~Moham�d.~~ BA FCA Couch Bright King & Co Chartered Accountants Independent Examiners Chartered Accountants

23rd January 2025

5

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Willie and Mabel Morris Charitable Trust Statement of Financial Activities for the year ended OS Apwll 2024 In¢tyn• Capital Total Total Aecount Account Fund¥ F￿d9 Unrestricted Unftstrletsd Vnr•strict•d Unrestricted 2024 2024 2024 2023 Incomin9 Resour¢os Investment Income 155.eA)3 155.603 156,949 Tot*1 In¢omlng R•$our¢•s 155.603 15S,603 156,949 Resources Used Donations Paid Supporl Costs Invesbnenl Management 55,715 45.389 34,168 46,$81 46.581 32.935 32.935 Total R•soure•s Exp•nded 146.4B1 32.935 179.416 135,272 Nét ineomlnglloutgolngl r•8ourc•s for• oth•r M¢ognls•d gains and 10gse¥ 9.122 {32.9351 {23.813} 21.677 Gain$ and Lossès on Inv•strnent Assets Nei ILosses}IGains on Invèstments 95.794 95.794 {664,671) N•t movement in the y 9.122 62.859 71,981 {642.9941 BalarKe as al 6 April 2023 101.069 5.331.548 5.432,617 6.075.611 Balance as at S April 2024 110.191 5.394.407 5,504.598 5,432,617

Willie and Mabel Morris Charitable Trust Balance Sheet as at OS April 2024 S April 2024 S April 2023 Fixed Assets Inveslments 5.331.013 5.270.777 Current Assets Cash 217.809 169.860 Creditors-. falling due within one year (44.2241 {8,020) Net Currènt A8sets 173.585 161.840 Total Net Assets 5.504,598 5,432,617 Ropros•ntsd by. CAPITAL ACCOUNT UNRESTRICTED Balancè as at 5 April 202412023} 5.394,407 5.331,548 INCOME ACCOUNT Balance as al 5 April 202412023} 110,191 101,069 TOTAL CHARITY FUNDS 5.$04.$98 5.432,617 Approved on behaf ol the Truslees Suzanne Jane MarrK)tt Dale

Willie and Mabel Morris Charitable Trust Motts to the T￿￿1 Accovnts for the year ended 05 April 2024 1 Summary of slgn511cant accounting polici (a) G•n¢r41 Inlomiatlon and Basis of Accounting The thnancial statements have been prep8re(l under the historical rA)St convention except for investmenls which have been include¢J al markèt value. The financial slatemenls have been kyepared in accordance with the Statement of Re(x)mm8nded PraCt￿e.. AccountirBJ and Reporbng by Charitses preparing their accounts in accordanc8 ￿th the Financial Reporting Slandard applKabbe in the UK and Republic of Ireland IFRS 102 2019) issued in Oclober 2019 and the Chanlies Act 2011. Th¢ Charity constituted a public benefil ents'ty a5 defirhed ty FRS 102. The Trustees consider that Ihere ar8 no maierial uncertaintses about the tharity's akn.lrty to continue as a going concem. The finan(3al slatemenls were p￿Sented in stth"ng wINth is the ftrtior￿l owrency ofthe Charity r￿nded lo the nearest £1. The signth(3nl acc￿ntIng pcAicies ap[d￿j in the weparalK)n of thw fmancial slatements ¥e set out below. These policies have been ￿￿SIstenI￿ awlied to all yèar$ presented unkss othe￿ise slated. {b} Invulments and Inv•stment Income Quoted fixed assét investments are sialed al markel value al the balance sheet de. Inwstmènt Incom¢ is uethled to the Income Account when receivable. Realised gains and kjsses on the disposal of in¥e$bments and unrealised gains and losses are uediled told8ducled from the Capltal Account. Icl Incoming Funds Funds addèd to Trust are credited to the Capital Account when received. Idl Charltabl• Donations AJI donab'ons are distr￿)Uted Irom the hKome Accwnt folowirrfj apwoval by the Trustees. (el Transfers Transfers are made frcrfn the caprtal a¢¢wnt lo the income aCc￿jnI to facalrtate the payment of donations and other expenses from the Trust. 2 Inv•stm•nt Incom• 2024 2023 UK Equty Dmdends UK Unit Trust Dividtrnds UK Unit TDJsl Interest (Gross) UK Fixed Interest (Gross) UK REIT Incomè {Neti Foreign Interest (Grossl Foreign Unil Trust Oividerwjs {Gross) Foreign Diwdends (Gross) Foreign Thvbdends (Overseas Tax P*} 74,502 3,5 13,601 27,950 10.134 1,291 3.279 24.669 (3,4191 97.207 2,039 14,287 3.482 13.493 1,142 15,882 9.417 155.603 156,949

Willie and Mabel Morris Charitable Trust Notss to fv Trust A¢counts for year end￿ OS April 2024 Adminlstratlon 2024 2023 Support Costs Charfes Russell Speechlys Incorne Fee5 Couch Bright KINJ Independent Examinaljon Fee Coutts & Co- Account Charges Mrs A M Telher honoranurn Trustees, Expenses Bank Charges 40.920 39.434 3.180 428 1,750 597 552 1.750 415 46,581 45,389 Inveslmgnl IAanagem?nt F￿$ J M Finn & Co- Management Fees Enhance Investments- Inweslmenl Review Fee 32.435 33,668 32.935 34,168 Infonnatlon r•garding Trustses and Empkny• The Trust had no em￿oYeeS and no Trustees recei￿ remunerabon durin9 the year. The Tr￿qlee$ have not purthased indemnity Insur8r￿. Mrs S J Mamott is an equty partner char￿ Russell Speechlys LLP and A M Bryant wtss a senior associate wth Charfes Russell Speechlys LLP. Fees of £40.92012023- £39.4341 payaNe lo Chades Russdl Spee¢Nys LLP in the ro￿ of a(kninistr8tors and legal adwsers to T￿￿t. One of the Trustees, Mrs A M Tether. receNed expenses of £1 750 dunThJ the year12023- £1.7501 incurred actyr*J as the contact for charites making 8prAirab"ons to the Tw5t for as5iStanc8 and in rnaintaining bookkeeping and othei record5 in connection such applications an¢J other aspects of the trust administration, indwlirg (tr￿1 not exduswyl telephone. Srati￿Ory and travdliThJ expènses as ap4)rLyriaiè.

Willie and Mabel Morrls Charitable Trust lorthe year ended 05 April 2024 Flxed Asset In¥e¥trnents The portfokn'o is structwed lo wovide a knide ol ￿￿eNr￿al￿ to Fwotecl the trust assets and to wovide a balan￿ bew irKxyne and (wrtal griY•Ah. In¥eglments:1Ssted on • recognlwl Stoek Exchang• 2024 2023 Met val￿ as at 5 AW 2023120221 5.259.558 6,(iKI,808 Additi¢Ms at Cosl 1.460,776 1.1(E.472 Diss>)sal proceed5 11.542.971} 11,183.0511 5.177.363 5.924.229 N•t Gans 9S.794 {664,6711 Mafkat Valu• as at 5 Aprll 202412023) 5.273.157 5.259,558 J M Finn Caytsl Cash Held 57.8SS 11,219 Totsl 5.331.013 5.270.777 Cash 2024 2023 Coutts & Co- Cwrent Accounl J M Finn & Co- Income Account Cash In banking syslem 6.265 181.544 1.753 168.107 217.809 169. Cr¢itor¥-•mounts falllng due within one y 2024 2023 Agreed (knationg otststan(IrrfJ Reserve Charfes Russdl SpeecNys LLP In¢(yne F¢$ Reserve Couth Bright lQng Fees 38.820 5.520 44.224 8,020 io

Willie and Mabel Morris Charitable Trust Note$ to tht Trust Accounts for the year ended 05 April 2024 8 Donations Made In Year 2024 2023 Abbey Court School Age UK Alzheirne¢s Research UK Art Scholars Chanlabk Trust Aspire Bat ConVersat￿n Trus1 Batten Disease Famity Assooats"wb Blesma Blood Cancer UK Brain Research Brain Tumour Charity British LNer Trust Can￿1 Research UK Candlelighters Ca$pari Foundation Cerebra ChihJren'$ Book Project Children'5 Heart Surgery Fund Children with Cancer Client Earth CockaynoT H P.C.C. Colostcffly UK Club Ausome Ciisis Crohns & Cdliis Cure Parkinson'5 Trust Demelza Hospice Care lor ChJren Demento UK DiSab￿d SokJier5 Assouabon Donkey Sanctuary Douglas Macmillan HospK East Anglia ChikI￿n$ Hospic Ernrnau5 Fight Bladder Car￿￿ Galop Gillingham Street AryeLs Grandparents Wu5 *lalo Trust The Hampshire Meditsl Fund Helping Disabilrfies Trust Historic Royal Palace5 Homestart (Me0￿y) The Howard Academy Trust Ins￿tu(8 for Cancer Vacon•5 Karna Nirvana Kidney Resear¢h UK LGBT Foundath)n Little Wymondley PCC SC 250 250 1LKI 250 5(X) 2CX) 250 400 250 3C 2CK) 5CKI 4.815 500 5LKI 3cx) $50 350 2LX) 250 250 1.1Tr) 10.(XK) soo 500 250 750 750 Sublotal carried lo￿ard lo the next page 42.050 41.265

Wlllie and Mabel Morris Charltable Trust otss to th•TN$t ff0rt￿ yearended 05 Awil 2024 B Don7iioM M•d• kn Yo•r 2024 42050 A1 265 Lutyens TTUSI MatyJ'$ Magic 8ref8$1 MAGPAS lake a ￿sh Fou￿JaI% arfbrmJW 91 Det&M 003S F¢xtharth. Hdpln The CurrfrAKMty MENCAP klENCNP IE451w8 Slt¥11tyd) M•Thngitss N Memw(Ly Mot( Neurw Disease hsxoafjo S Togetrr The MS TnL81 My Shirnr& & Nabana S(xyety Ltwxy fr 750 zs 250 29 1(4) 25r Olivers FI￿nd¥j par￿n￿'S UK P¢ Fotylh5 Pro￿ate Car￿r UK 11XS The Royal Bnbsh Lw Sabfknn +kn The saM￿tar The &lver knne 250 St Thom35 LLPU5 Tru51 St Wlfretr5 Ho¥ sionv Dog$ &Aton Chvr Teerwgo C•K8r Tnj TilelKKtse c(NJ[￿8￿j Tune to Talk Twne to T81k 8erkthre T¥ne To T Da¥errtry TfU$5el Tttst Versu5 Waste Wakr asLX) YOLW Eplwsy Zar& Zeo Clwjrch 250 TLa m•Je 95.015 139.3t $5 715 12

Willie and Mabel Morris Charltable Trust