THE ROBERT AND MARGARET MOSS CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 INDEX Page 1 Legal and Administrative infomialion Trustees, Report Statement of Fimncial Activities Balance Sheet 6-10 Notes lo Financial Statements 11 Independ8nt Examiner's Report
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Charity No-. 290760 Principal Office.. Seacourt Tower West Way Oxford OX2 OFB Governing Document.. Trust Deed dated 24 August 1984 Trustees.. John Cole Sophie Durand Maggie Perrin Jennifer Stein Joanna Walliker Bankers.. National Westminster Bank plc Elms Court Botley Oxford SolicitOf5'. Blake Morgan LLP Seacourt Tower West Way Oxford OX2 OFB Independent Examiners.. Critchleys Audit LLP Beaver House 23- 38 Hylhe Bridge Street Oxford OX12EP
THE ROBERT AND MARGARET MOSS CHARtfABLE TRUST TRUSTEES, REPORT structure, Govemance and Managemenl The Robert and Margaret Moss Gharitable Trust was established under a Trust deed on 24 August 1984 to administer fuhds setued by Robert and Margaret Moss. NewTrustees are appointed ettherto fill a casual vacancy or by way of addrtion to the Board. Particular empha8lS is placed upon the appointment of Trustees wilh knowledge and experien relevant to the Trust's charitable aclivilies. When new Trustees are appointed Ihey are given an introduction to the work of the Trust and provided with the information they need to fulfil their roles, which includes information about the role of the Trustees and their responsibilities under thè Charit188 Act 2011. Day-to-day administration of the Trust is delegated lo an administrator under the supervision of the Trustees. Decision-making powers are retained by the Trustees and exercised at regular Trustees. meetings. The Trustees held two meetings during the year ended 5 April 2021. Oblectlves and Actlvltl8s Its objects are lal to fosterand promote medi1 and scientifi¢ research into the vast problems of human nutrition. (b) lo foster and promote medical research generally, Icl the relief of povety and (dl the advancement of education. The Trustees confimi that they have referred to the guidance ¢onlained in the Charity Commission's general guidance on public benefit when reviewing the Trusvs aims and objeclives and in planning future activities and sètting the grant making policy for the year. The Trustees seek to further these objects by making grants to other organisations. In the past, the Trustees have supported and assisled resear¢h inlo the problems of human nutrition and other medical research. In addib"on, they have provided support for the relief of poverty and the advancement of education. The support has been provided to organisations based predominantly in Oxfordshire. The Trustees. policy is to continue funding appropriate research projects, preferably based in Oxfordshire, and supporting local organisations in their work relating to the relief of poverty and the advancement of education. The Trustees have sought to ensure that their policy is made known to the public through grant-making directories. Achievement and P8rformanco The Trust has established its grant making policy to achieve its objects for the public benefit. Grants were made in line with this policy during the year as Sel oul in note 2 to the accounts. Flnancial Review The Twstees 8re aware of their duty lo apply income fvJnd5 of the charity within a reasonable lime of their receipt and of the need to justify any income reseNes. At 5 April 2021, the level of unrestricled funds was £2.135.825 {as compared with unrestricted funds of £1,677,193 al 5 April 20201. The Twstees, policy is to maintain sufficient income reserves lo produce investment income of approximately £40,000 - £50,000 in each year.. the Trustees consider that the level of income is likely lo be needed lo meet diwl charitable expenditure (primarily in the form of grants) and management and 2dminislralion costs, with a small amount available for conlingen¢ies. In view of the Trust's income needs 2nd the changeable investment environment over the last 12 months, the Trusleps have decided lo maintain Ihe level of reserves for the coming year. Tnjstees held the assets ofÉhe trust in 8ccordance with their powers during the year. The Trustees have absolute dISction lo invest the funds of the Trust,, no restrictions are placed on these powers. The Trustees, policy for the selection of investments for the Charity is to seek to achieve a balance between income and capital growth and that the investrnenl Portfolio has a medium risk. Inveslec manages the portfolio on a discretionary basis.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED} TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Tfustee5' Annual Report and the financial slalements in accordance with appliGable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Praclicel. The law applicable to charities in England & Wales requir8S the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charrty for that period. In preparing these financial statements, the trustees are required to. select suitable accounting policies and then apply them consistently., observe thè methods and principles in the Charities SORP 2015 IFRS 102)- make judgements and estimates that afft reasonabk and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the fftnancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the fir¢ancial statements comply with the Charities Act 2011, the Charity {Accounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets ofthe charity and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. ITrus18e}
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2021 Total Funds 2021 Total Funds 2020 Unrestrfcted Funds Restricted Funds Notes INCOME FROM Inveslments Other 29,633 29,633 45,087 44 TOTAL INCOME EXPENDITURE ON 620 Raising funds= Investment managers, ujsts 11,163 11,163 9,808 Charitable activities TOTAL EXPENDITURE NET EXPENDITURE (8,5211 (8,521) 120,1031 Net gains I Ilosses) on investments 467 153 253 NET MOVEAIENT IN FUNDS RECONCILIATION OF FUNDS.. Total funds brought forward al 6 April 2020 1677 793 1 g50 907 TOTAL FUNDS CARRIED FORWARD AT 5 APRIL 2021
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2021 2021 2020 Note8 INVESTMENTS 2,094,107 1,638,448 CURRENT ASSETS Blake Morgan LLP client account Investec Capital Account 8,569 36,599 12,844 29,252 45,168 42,096 CREDITORS: AMOUNTS FALLING DUE ONE YEAR CURRENT LIABILITIES Creditors and accruals (3,450) NET CURRENT ASSETS 41.718 NET ASSETS Representing= FUNDS Unrestricted funds Restricted funds 2,135,825 1,677,193 TOTAL FUNDS The accou eTe approved and aulhorised for issue by the Tnjstees on . 13 2£sL Trustee
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 ACCOUNTING POLICIES In preparing the accounts the following accounting policies have been complied with.. Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard for small entities applicable in the UK IFRS 102 Section 1A) (effective 1 January 20151- Icharities SORP IFRS 102 Section 1A)I, the Financial Reporting Standard applicable in the UK IFRS 102 Section 1A) and the Companies Act 20061. Income is generally recognised or) a receivable basis and are reported gross of related expenditure, where the amounts are reasonably Gertain and when there is adequate certainly of receipt. bl The following specific policies are applied to particular categories of income.. Investment income, together with the associat8d tax Gredit, is recognised when received. Fund accounting Unrestricted funds a available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the truStS have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be 501ely used for parbcular areas of the Trust's work or for specific projects being undertaken by the Trust. Expenditure is accounted for on an accruals basis and gross of any related income. They are cla$$ified under headings that aggregate 811 costs related to the category. Where costs cannot be directly attributed to parbcular headings, they have been allocated to activities on a basis Consistent with the use of resources. dl Costs of generating funds comprise the costs associated with income generation via the investment portfolio. Costofcharilable aclivlly ¢omprfses direct expenditure including grants. Where ¢osls ¢annot be directly attributed, they have been allocated lo activities on a basis consistent with Ihe use of resources. Expenditure on grants is recorded once the Trust has made an unconditional commitrnenl to pay the grant and this is communicated to the beneficiary or the grant has been paid. whichever is the earlier. Governance costs include those c0515. such as Independent examiners fees, asscciated with conslitulional and statutory requirements. Investments are included in the balance sheet at market value. Gains or losses arising on revaluation to market value a credited or charyed in the Slalement of Financial Activities as they arise. gl The endowment fund is expendable endowment and the trust deed allows this fund to be spent as income or retained capital 8t the trustees. discretion. The income arising from the expendable endowment is unresth"cted.
THE ROBERT AND MARGARET MOSS CHARrrABLE TRUST NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 (CONTINUED) CHARITABLE ACTIVITY The charity did not undertake any charitable activlties directly. bul met its charitsble purposes by making grants as follows., 2021 2020 Action Medical Research Against Breast Cancer Alzheimerfs ResearGh UK Animal Anlik5 Aspire Bowel Cancer UK Child Brain Injury Trust Crisis UK Be Freo Young Careers Diabetes UK Down's Syndrome Oxford Earth Trust Elizabeth Finn Care Va Turn 2 U Enrych Oxfordshire Family Links Friends of Middle Barton School Guide Dogs Henley Baptist Church Henry Home Start Southern Oxford Homeless People & the Oxford Chruches Injury Minimisation Programme for Schools IIMPS} Innovista International J055 Searchlight Leys Community Development Initialive Life Education Wessex Macmillan Cancer Support Macular Society Maggie's My Life My Choice One-eighly Oxford Against Cutting Oxford Citizèns, Advice Bureau Oxford Churches Debt Centre Oxfordshire l.M.P.S Pegasus Theatre Trust Pennyhooks Farm Trust 1,000 1,000 1,000 1,000 1,000 1,000 2,000 1,000 1,000 1,000 1,000 1,000 1,000 500 1,000 1,000 500 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1.000 1,000 1,000 1.000 1.000 1,000 1.000 1,000 1,0 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 ICONTINUEDI CHARITABLE ACTIVITY ICONTINUEDI 2021 2020 Police Community Clubs of GB aLJesl for Leaming R.A.B.I RAW workshop REACT Response Giving Riverside Counselling Ronald McDonald House Root & Branch Samaritans Oxford Sandhills Community School Shelter SOFEA st John's Primary School st Nicholas, Primary School The Big Issue Foundation The Porch Thomley Hall Centre Trax Ucare Viva Network Worldwide Cancer Research Yellow Submarine Holidays Young Women's Trust Small grants of £500 or less 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,ooa 1,000 1,000 1,000 1,000 1,000 1,(K)O 1,000 1,(XlO 24,500 48.500 Trust administration fees Govemance costs (note 3) 7,320 2,158 6.840 2,086 GOVERNANCE COSTS 2021 2020 Independent examiner's fee Over provision in prior year 2,158 2,086
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 {CONTINUEDI INVESTMENTS 2021 2020 Analysis of invostments al S Aprll by ¢at¢gory of holding: Fixed interest securities UK Equities & Funds Overseas Equities & Funds other Assets Properly Funds 324,630 444,461 1,030,622 202,420 346,994 369,953 629,895 196,994 Market value of investments at 5 April Analysis of movement in the Investment portfollo Market value at 6 April Addiliolls in year al cost Disposals in year at opening market value or cost in year Gainlllossl on investments 1,638.448 1,940,906 421,575 490,694 1433.069) 1539,5411 467 153 253611 Market value of investments at 5 April 2094 107 1638448 Cost of investments held The investments are held primanly to generate an investment retum for the charity. CREDITORS AND ACCRUALS 2021 2020 Accruals and other creditors ANALYSIS OF NET ASSETS BY FUNDS Restrfcted Unrestricted Total Investsnents Current assets Current liabilities 2,094,107 45.168 2,094,107 46,168
10 THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 ICONTINUEDI UNRESTRICTED FUNDS 2021 2020 Endowment- Property Settled by Deed Cumulative increase in value of inve5trnents Legacies 117,400 1,420,106 598 319 117,400 961,474 598319 Funds retained within the unreslricled funds lendowmenll can, al the Truslees, discretion, k converted into income and applied lo all or any of the objects of the charity. TRUSTEES REMUNERATION AND EXPENSES Remuneration and expenses were paid to Blake Morgan LLP, where JPO Cole is a consultant and former member, for the administration ot the Trust. Such payment is authoiised under specific powers contsined in the Twst deed. No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or any person known to be conneoted wlth any of them. LEGACIES The Robert and Margaret Moss Charitable Trust was the residuary benefiuary under the will of Mrs Margaret Moss.
11 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROBERT AND MARGARET MOSS CHARITABLE TRUST I report to the trustee5 on my examination of the accounts of The Robert and Margaret Moss Charitable Trust for the year ended 5th Apiil 2021, which are set out on pages 4 to 10. Responsibllltles and basis of report As the charity truslees of the Trust you are responsible for the preparallon of the accounts in accordance with the requirements of the Charities Act 2011{'the Act')- I report in respect of my examination of the Trustee'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 Comn)Issioner under section 14515llb) of the 2011 Act. Indgpendgllt gxaminer's statoment I confirm that l am qualrfied to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination givlng me cause to believe that in any material respeGt 1} accounting recoll15 were not kept in respect of the Trust as required by section 130 of the Act., or 21 the accounts do not accord with those records., or 31 the accounts do not comply with the applicable requirements concerning the form and content of accounts sel 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 attenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Robert Kirtland Critchleys Audit LLP Beaver House 23- 38 Hythe Bridge Street Oxford OX12EP Dale.. 9 August 2021