Charfty registration number 290760 THE ROBERT AND MARGARET MOSS CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustses Jennifer Steyi Joanna Walliker Maggie Perrin John Cole Sophie Durand Charity number 290760 Prlncipal addre seVrt Toww lthst Oxford OX2 OFB Govorning documont Trust D8ed dated 24 August 1984 Independent oxamlnor CritchkysAudli LLP Beav8r Hous8 28 Hythe BTidge Street Oxford OX12EP Solicitors Blake Morgan LLP seaCurtTcwer OX2 OFB
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST CONTENTS Page Trustees, report Independent èxaminefs report statement of financial actwities Balance sheet Note6 lo the financial statements 6-11
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2022 The trugtees present their annual report and financial slatements for the year ended 5 April 2022. The financial ststemenls have been prepared in acmrdance with the accounting policies $8t out in note 1 to the financial statements and comply with the trust's deed dated 24 August 1984, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi81 Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (effectlv8 1 January 2019}. ObJ•¢Uv&s and activities Ils objects are (al to foster and promote medical and sclentffic research into the vast problems of human nutrition, (bl to foster and promote medical research generally, (c) the relEf of poverty and Idl the advancement of education. The Trustses confim that they have referred lo the guidanee contained in the Charity Commission's general guidan on public benefit whgn reviewing the Trust's aims and objeGUves and in planning future actDrities and setting the grant making policy for the year. The Truslees 8eek to further these oblects by making grants lo other organi8alions. In the pasc the Trustees have supported and assisted research into the problems of human nutrition and othgr medical research. In additson, they have provided support for the rèlief of poverty and the advancemelll of education. The support has beon Provided to organisations basgd predominantly in Oxfordshire. The Trustees, policy is to continue funding appropriale resgarch projects. preferably based in Oxfordshire, and supporting local organisalions in their work relating to the relief of poverty and the advancement of education. The Trustees have sought lo ensur& that their policy is made known to the public through grant-making directories. Achievement8 and perforn)ance The Trust has established ils grant making policy lo achieve its objects for the publlc benefiL Grants were made in lin8 with this policy during the year as set out in note 3 in the accounts. Financial revlew The Trustees are aware of their duty to appty income funds of the charity wthln a reasonable time of their receipt and of the need to justify any income reseNes. At 5 April 2022, the level of unrestricted funds was £2,226,271 (as compared with unrestricted fvnds of £2,135,825 al 5 April 2021). The Trustees, policy is to maintain suifiThent inc£Jme reserves lo produce investment income of approximately £40.000 - £50,000 in each yaar.. the Trustees consid8r that the level of income is likely to be needed to meet direct charitable expenditure Ipnmarily in the fomi of grants) and management and adminislralion costs, with a small amount available for contingencies. In view of the Trust's income needs and the changeable investment anvironmant over the last 12 months, tho Trustees have declded to maintain the level of reserv88 for the coming year. Trustees held the assets of the trust in accordance with their powers during the year. The Trustees have absolute discretion to invest the funds of the Tru$l,' no restrictions are placed on these powers. The Trustees. policy for the selection of investments for the chartty is to ssek lo achievè a balance beeen income and capital growth and that the investment portfolio has a medium risk. Investec manages the portFolio on a discretionary basis. Structure, governance and management The Robert and Margaret Mos¥ Charitable Trust was established under a Trust deed on 24 August 1984 to administer funds settled by Robert and Margaret Moss. New Twslees are appointed either lo fill a casual vacancy or by way of addition to the Board. Particular emphasis is placed upon the appointment of Trustees with knowladge and &xperience relevant to the Trust's charitable activities. Vwhen new Trustees are appointed they are given an introduction to the work of the Trust and provided wrth the information they need lo fu11 their roles. which includes information about the role of the Trustees and their responsibilities under th¢ Charities Act 2011. DaY-traY administration of thg Trust 1$ delegated to an administrator under the SUPèNislon of the Trustees. Decision-making powers are retained by th8 Trustees and exercised at regular Trustees, meetings. The Trustses h8kl Iwo meetings during the year ended 5 April 2022.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2022 Thé trustees who served during the year and up.to the.date of signature of the finanaal slatements ware: Jennrfer Stein Joanna Walliker Maggie Perrin John Cole . Sophi8 Durand The es, report was approved by the Board of TNstees. Trustee
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT C'RITCHLEYS TO THE TRUSTEES OF THE ROBERT AND MARGARET MOSS CHARITABLE TRUST I report tr) the trustees on my examinakn.on of the financial 8tatements of The Robert and Margaret Mos8 Charitable Trust (the trust) for the year ended 5 April 2022. R•sponsibilitio8 and basis of report As the trustees of the trust you are responsible for the preparation of the financial statements in accordance wllh the re4uiTements of the Charities Act 2011 (the 2011 Acti. I report in respect of my examlnatlon of the trust's financial ststements Carried out under section 145 of the 2011 Aet. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5}Ib) of the 2011 A¢L Independent examinerf8 8tatement Your attention is drawn to the fgct that the charity has prepared financial statements in accordancè with Accounting and Reporting by Charities pr&paring their accounts In acLordance with the Finanal Reporting standard applicable in the UK and Republic of Ireland IFRS 102} in preference tr) the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which 18 referred to in the extant regulats'ons but has now been withdrawn. l understand Ihal this has bn done in order for financial statements to provide a true.and.fair view in accoTdance with Generally Accepted Accounting Practice elfective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in wnnection wrth the examinalron giving me cause to believe that in any material respeGL aOUnting records were not kept in respect of the trust as r8quired by section 130 of the 2011 Act,. or the financial ststements do not accord with those records., or the financial statements do not comply with the applicable requirements conceming the fomi 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 whlch Is not a matter nSidered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examlnatlon to which attention should be drawn in this report in order lo enable a propor understanding of the financial ststemenls to be reaehed. Robert Klrtland FCA crftchleys Audit LLP B?aver House 23-38 Hythe Bridg8 Street Oxford OxfoTdshiro OX12EP Dated.. 2 Au9.USt 2022
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 5APRIL 2022 Unrestrieted Unre$trietod funds funds 2022 2021 Investments Other inc8 30,117 82 29,633 6,987 Total Incomo 30.199 36.620 Ex anditurn on: Raisirlg funds 10,715 11,163 Charitable actiwties 44.272 33.978 Total frxpondltur• 54,987 45.141 Net gainsl(losses) on investments 113,984 467.153 Net movement in funds 89,196 458,632 Fund balances at 6 AprH 2021 2.135,825 1,677,193 Fund balances at 6 Aprll 2022 2.225,021. 2.135.825 The statement of finanual activrties indLKles dl gains and h)s¥es rwnised in the year. All income and expenditure derive from continuing adivTbe¥.
THE ROBERT AND MARGAREf MOSS CHARITABLE TRUST BALANCE SHEET ASAT 5APRIL 2022 2022 2021 Flxed assets Investments 2.223,756 2.130.706 Currènt assets Gash at bank and in hand 5.735 8.569 Credltovs: amounts falllng du• wlthln on• year (4.470) {3,4501 Net current assets 1,265 5.119 Total ass•ts1066 current liabllltl•s 2.225.021 2.135.825 .Incom8fund8 Unrestricted funds 2225.021 2.135.825 2,225,021 2,135.825 Thefi n¢ I sL7tements were approved by the Trustees on .... Tru8ts0
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accountlng pollclos Charity information The Robert and Mafgaret Moss Charitable Trust was established under a Trust deed on 24 August 1984 to admlni8ler fund$ settled by Robert and Margaret Mo88. Thè registered officg 1$ SeaGourt Tower, West Way, Oxford, OX2 OFB. 1.1 ' Accountlng convontlon The flnancial .slatements have been prepared in aordanCe with the Iru8f8 governing document. thg Charities Act 2011. FRS 102 'The.Financial Reporting Standard applicabla in the UK and Republic of Ireland" I'FRS 102.) and the Ch8rili88 SORP 'AOUntIng and Reporting by Chafities.. Stslemenl of Recommended Practice applicable to charities preparing Ihalr accounts in accordance with Ihg Financial Reporting Standard applicable in thè UK and Republic of Ireland IFRS 102)" leffectlve 1 January 20191. Th8 trust is a Public Benefit Entity as defined by FRS 102. The trust ha8 taken advantsg& of the provislons In the SORP for.¢harftw not lo prepare a Statemenl of CaBh Flows. Thg financial 8lat8ments have departed from the CharS1198 (Account8 and Report81 Regulation8 2008 only lo the exlènl required to provido a. true and falr vlaw. Thi8 departum hats involve¢J followlng the Statement of Recommended Pracllce for charilias applylng FRS 102 rather than tha ver8lon of the Slalemenl of Recommended Pracll¢& whi¢h 18 referred lo in the Regulatlon8.but whi¢h 8ince bn withdrawn. The financial Btatements are prepared In sterfing. whth 1$ the functional currency ol th• tru81. Mon6tsry amounts in these flnancial 8tslements are iounded to the na8r88t £. The financial 8tstement& hove •n prepared under the hi8lorfcal cost ¢onv8ntion. The principal accounlng pollcles adopted are set out below. 1.2 Golng ¢on¢orn At the lime of approvlng the financial slalemenls, the Iru$tee8 have a rèasonable expectation that the trust h88 adequate r&$ource8 to conllnue In operational gxistence for the foreseeable future. Thu$ the trustees .contSnue ts adopt the golng concem bas18 of accounting in preparlng the financlal stalamgnts. 1.3 Ch•rttabl• fund• Unrestricted fvnda are available for u88 at the discrdon of the truste88 In furtherance of Ihelr ¢harftablg objective8. R8slricled funds are subjgct lo spedflc conditron8 by donor$ as lo how they may be iised. Th8 purposes and us?s of the restricted fund8 are out in the not85 to the financlal ststemenl8. 1.4 Income Income 1$ recognised when the trust Is legalty entitled lo il after any perfomiance conditions have been mel, the amount8 can be measured reli8bly. and 1118 probable that income will be received. Cash donations are recognised on receipt. Other donation8 are recognised once the trust has been notrfd of Ihe donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or dggds of covenant Is reco9nised at the tlme of .the donation. Legacie¥ arg r9nISed on receipt or otheNlse If the tru51 has bggn notiited of an Impending distrbulron, amount is known. and receipt 1$ eXPgCted. If the amount 18 not known, the *acy 18 treated as a contingent astset
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2022 Accounting pollcles '(Continuodl 1.$ Expendir0 Exp9nditure 1$ recognised oncg there is a legal or constructs've obligallorb to tran8feT economic benefit to a third party. it is probable that a transfer of economic benefits wlll be required In $elllement, and th8 amount of the obligation can be measured reliably. Expenditur& Is classified by 8¢tMty. The costs of ?a¢h actbvlty aro made up of thg total of dlrect costs and shared costs, indudlng support costs involved in undertaklng each actwity. Dirèct cos18 attributable to single activity are 811ocated directly to that aGtlvity. Shayed ¢ost6 which contribute to more than one activlty and support costs whlch are not allribut8ble to a singlo activity are apportioned betNeen those activities on a basls consisl&nl with the use of resources. Canlral staff costs are allocated on th8.ba8is of timo 8pen( and depreclation Gh8rg&s are all¢xaled on the porbon of the asseys u39. 1.6 Flx•d a888t Inve$tmont8 Flxed 88set invostments ara inrtlalty mèa6ured at Iransaction prk8 excluding transaction cost8, and are 8ubsequentty méasured al fair valu8 al each rgporting date. Changa$ In fair valuo are recognised In n•1 Incom81(expendf(ure) for tha year. Transa¢tion costs are exp8nB8d as incurred. 1.7 .Ca•h and ca•h oqufvalonts Cash and ¢88h equlvalenls Snclude ca8h In hand. depos$ held at C811 wllh banks, Other 8hort-tem Ilqukj inve8tsnents with orlginal maluritie8 of three month8 or les8, and bank overdrafts. Bank overdrafts ara shown within borrowlng8 In current li8blllllè8. B•$lc Ilnancl•l ass•(s B081c linanclal a8set6, whlch includè debtor8 and ca6h and bank balance8. are Inltially mea8ured at transaction prlce including transactlon costs and are subsequ6nlty carTled 81 amort18ed cost Uslng the effective interest method unless thè arrangement ¢on8tllules a financlng transacon. where the Iran8aGlion 18 mga6ur6d al the present value of the fvlure receipts ¢JiOunted'al a market rate of Inl8rg81. Financial assets classified a$ receivable wlthln one year are not 8mortised. crftkal a¢¢ountlng e•tlmat•• and Judg•m•nts" In the appllcation of th& trust'8 aGcountlng poli¢i68, the tru8te&s are required to make judgements, eslimoles and a88umptions #bout the carrying amount of assèts and liabilities that are not rgadity apparent from other sources. The e8tlmales and assocSated assumptions are ba3ed on histodcal 'experience and other factors that are con81der6d lo ba relevant. Actual r88uIts may dlffer from these e8lm8te8. The e61Imates and undarfying assumpllons aro revlgwed on an ongolng bas18. Revlstons to accounting e8Umates aro recognised in the pèrlod in which the estimate 1$ revised where the rev181on affeGts only that period. or in the period of Ihe revision and future periods where th¢ revlslon affects both current and future periods.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCEAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Charltable actlvltlos 2022 2021 Grants Trust administration fees 33.500 8,512 24,500 7,320 42,012 31,820 IrKlependent examination fee5 2.260 2,158 44.272 33,978 Grants Abingdon Carousel Alzheimer's Research UK Animal Antiks Aspire Oxfordshire Be Free Young Careers Bone Cancer Research Trust Bowel Cancer UK British Red Cross Criminon UK Crisis UK Down's Syndrome Oxtord Elizabeth Finn Ua Tum 2 U Ernmaus Oxford Friends of Middle Barton Stho Friends of &derty Henry Homeless PeOe & the Oxford Churches Innovista lrtlema15onal Jacari Leys Communtty Development Initiative Life Education Wessex Macmillan Cancer Support Macular Society Maggie's My Lrfe My Choice Oxford Churches Debt Centre Oxford Hub Oxford Mutual Aid Oxfordshire l.M.P.S Oxfordshire Mind Oxfordshire Youth Pennyhooks Fam TTUSt Police Community Clubs of GB Proslate Canr UK 1.000 1.000 1.000 1,000 1.000 1,000 1.000 1,000 1.000 1.000 1,000 1,000 1,000 500 500 1,000 1,000 1,000 1,000 1.000 1,000 1.000 1.000 1,000 fj,ooo 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
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Charltablo actlvltles (Contlnued) Quest for Leamlng R.AB.I. RAW INorkshop React Respjnsè GNing Ronald McDonald House SwJhl Research UK The Mulbery Bush Organisabon The Porch Thomley Hall Centre VNa Nork IAblveTCOte Young Peoplè's Club Yellow Submarine Holidays 1,000 1,000 2,000 1,DOO 1,000 1,000 1,000 1,000 1.000 1,01)o 1,000 1.000 1.000 1,000 1,000 1.000 33,500 24.500
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Flxod a880t Inve8tmonts Llstod Inveatm•nts Analys1$ of movoment In th• Inv•stmènt portfolio: At 6 Aprll 2021 Additions Valuollon Ghange8 Disposal8 2,130,706 448,899 113.984 {597,2371 At 5 Aprll 2022 2,096,352 Carylng amount AI 05 ADril 2022 2,096,352 AI 05 April 2021 2,130,706 2022 2021 Analy•l• of Inv•8tm•nt• at 6 Aprll by o•to9ory of holdlng: Flxed interest securi1188 UK oquili8¥ & fvnds Overseas equi1188 & fund8 other assets Propety funds 315,958 396,539 910,808 308,548 127,900 324,630 444.461 1,030.822 202,420 91,974 2,059,753 2,094.107 Crodltorn: amount• falllng du• wlthln ono year 2022 2021 Accrua18 and other creditors 4,470 3,450 Analysls of not assets between funds Unmtrlctod Unre$lri¢ted fund8 funds 2022 2021 Fund balances at 5April 2022 are Tepre8ented by.. Investments Current 888el81{IlabllltSe8) 2,223.756 2,130,7C6 1,265 5.119 2,225,021 2,135,825 10-
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Rèlated partle8 Remuneration and expenses were pald to Blake Morgan LLP of £8.51212021.' £7.3201, vthere JPO Cole 1$ a consultant and former member, for tho admln18tr8tion of the Trust. Such paymonl 1$ aulhor188d under $pe¢ifi¢ power8 contsined in the Trust deed. No remuneration dlreGUy or indlreclty out of the funds of th8 charity was paid or payable for the year lo any trustee or any person known to be connected with any of them. 11