Willie and Mabel Morris
Charitable Trust
Charity Number. 280554
Trust Accounts
for the year ended 05 April 2024
F*Epared ty.
Chths Russdl SpeeGl*s 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$an Lindsay Telhei
The power of apwnting new Iru51ee5 wa5 NE51ed in the Settk)rs (by wrtue of Clause 11 of the
settlement deed) during their fespe¢li¥e lrfètimes and. follo*ing their dèaths, thè statlrtory
powecs of apw"ntin9 new tru$leo$ ap￿y.
As a small grarbl ffl*ing 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 ue*ed 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 satisf*d w￿h Ihe finanrial po*b"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(p*th 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 be*n 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** 

--- 



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 st*th"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 d*e. 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
M*et 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¢i*tor¥-•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 Ch*Jren
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 8re*f8$1
MAGPAS
lake a ￿sh Fou￿JaI%
arfbrmJW
91 Det&*M 003S
F¢xtharth. Hdpln The CurrfrAKMty
MENCAP
klENCNP IE451w8 Slt¥11tyd)
M•Thngitss N
Memw(Ly
Mot(* Neurw Disease hsxoafjo
S Togetr*r
The MS TnL81
My Shirnr& &*
Nabana S(xyety
Ltwxy fr
750
zs
250
29
1(4)
25r
Olivers FI￿nd¥j
par￿n￿'S UK
P¢* Fotylh5
Pro￿ate Car￿r UK
11XS
The Royal Bnbsh Lw
Sabfknn +kn
The saM￿tar
The &lver knne
250
St Thom35 LLPU5 Tru51
St Wlfretr5 Ho¥
sionv
Dog$
&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
TL*a m•Je
95.015
139.3t
$5 715
12

Willie and Mabel Morris Charltable Trust