CharSty r•gistrntign number290760 THE ROBERT AND MARGARET MOSS CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truste¢s Jennifer Steln Joanna Walliker Maggie P8rrfn John Cole Sophle Durand Charfty number 290760 Prlnclpal addr¢$s Seawurt Tower West Way Oxford OX2 OFB Govèmlng documant Trust D88d daled 24 Augusl 1984 Ind•p*ndent oxamln•r Ciilchleys Audrt LLP Beaver Housè 23-38 Hythe Bridge Street Oxford OX12EP Soll¢ltors Blake Morgan Seacourt Tower Wesl Way Botl8y Oxford OX2 OF8
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST CONTENTS Page Truste&s' report Independent examinerfs report statement of financial activities Balanc6 $heel Notes to lh& finand81 slal8m8nts 6- 11
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5APRIL 2023 The trustees pr95entthelr annual report 8nd financlal statements for the year ended 5Aprfl 2023. The ffnan¢ial slaiements hava been prepared in a¢¢ordance wllh the accounting poll¢les set out In note 1 to the rinanci81 slalem8nts and ¢oJnply with the tNst's deed dated 24 August 1984, Ihe CharitiesAcl 2011 and'A¢counling and Reportlng by Charities.. Slatemenl of ReCOmended Practice appl¥cable lo charities preparing thelr accounis In a¢cordan¢e with th8 Financi41 R8porting Stsndard appjicabla In the UK a1 Republlc of Ireland IFRS 102)° (effectivè l January 2019). Objectlvos and actlvltles lis ot4ecls are lal to ftssler and promote medical and sdgntific research Into the vast problem$ of human nutrlllon. Ib) to fosler and prornole medical research generally. l¢} the rellef of poverty and (dl the advancement of educaben. Th8 Trustees conftrm that they have referred to the guldance Contained in the Charity Commi$8ion's ganeral guldanc8 on public benefit when rèviewing thg Trusl's alms and obledives and In planning fLthJre aclNilies and setting th6 grant making policy for the year. The Trustees sagk lo fiirther these objè¢ts by making granls to other organisalions. In the past. thè Trusloas have supported and asslsted research Into the problems of hum8n nutrition and olhei medical research. Irs addthn, they have provided support for th& lief of pov?ty and tha advancement of education. The support has been provtdgd lol organi58lions based predorninanlty In Oxfordshire. The Ttuslees. PoleY Is to CA)nllnue fvndlng appropriate research proj8cts, pref¢rably based In Oxfordshire, and supporting local organisabons in their work relating to the rellof of povety and the advancèment of eduGalion. Th? Trustees have sought to ènsure that their poli¢y is madg known to the publ1¢ through granl-making dlraclories. A¢hlevemenl$ and p•rfonnanca The Trust has è8lablished ils grant maklng pollcy to achieve ils objects for the publi¢ benefit. Granls were made In ling wlh thls pollcy dutlng the year as sel out in note 3 in the aunts. F5nanclal revlew The Tiustees are awaro of their duty to apply income funds of th8 charity withÉn a reasonable Ilmg of their receipt and of the need lo justify any incom0 reserves. At 5 April 2023, the level of unreslrict8d funds wa5 £2,052.313 {as compared with unrestricted fiJnd5 of £2.225,021 al 5 April 20221. The Trustegs. policy Is to maintain sufficient incorne reserves to produce investment income of 8pproximately £40.000 £50,000 In each year.. the Truslees consider that the level of in¢tsme is likely lo be needed lo meet direct charftable expendliure (primarily in the form of grantsl and management and administration ¢osl$, with a small amount availablg for contingencies. In vlew of the Tru81s income needs and Ihè changeablg investment enwronment over the last 12 months, th8 Trustees hav8 decided to maintaln the level of reserves for the coming year. TrustO88 held the asset$ of tho trtjsl in aLurdance with thelr powers during the y&3r. The Truslees have ab8oluEe di5cfetion to Invest th8 funds of the Tnjsl; reslrictsons ale placed on these powers. The Trustees. poliw for thg selection of investments for the charity is to seek lo achieve a balance beae income and capital growth and that the Investrnent portfolio has a medium risk. Invesloc manag&s the portfollo on a discretionary basis. structur•. governance and management The Robert and Margaret Moss Charitable Trust was establishad under a Twst deed on 24 August 1984 to adminislerfunds setugd by Robert and Margaret Mos8. New Tnjslees ara appolnt8d either to ftll a casual vacancy or by way of addition io the Board. Patti¢vlai emphasis is placed vpon the appointment of Trustees with knowtedga and experienc& relevant to ttrte Trust's charitable acbvilles. When new TNslees are appointed Ihey are given an introductbn to the WO of the Trust and provid6d with Iha infrnation they naed to fulfil their roles, whlch Includes infom)ation aboui the rola of th8 Trust¢os and the r8sponsibilllles under the Charities A¢1 2011. Day-ttrday administration ol th& Trust Is delegated to an administrator under Ihe supervlslon of the Tmstses. Decislon-making powers are ratained by the Trustees and exerdsad al regular Trustees. meétings. Thè Trustees held meetings during Iha year ended 5 April 2023.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2023 The trusteès who served during the year and up to the dale of signatute of the finandal statèments ware: Jennifer Stein Joarsna Walllker Maggia Perrln John Cole Sophie Durand The trust es report was approved by th& Board of Trustees. Trustee Dale..
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES OF THE ROBERT AND MARGARET MOSS CHARITABLE TRUST CRITCHLEYS I report lo th& trustees on my examinallon of Ihg finandal stslaments of The Robert and M8r9aret Moss Charltable Tfust Ohe trust) for the year onded 5Aprll 2023. Re$ponslbllltlo$ and basls of report As the Irustéas of the trust you are responsiblè for thg prepaTrtion of the financlal statements In accothn¢8 wilh the requirements oflhè CharitiesAct 2011 Ith8 2011 Actl- I réport In respect of my examlnation of the Irust's ftnancial statements ¢arried out under section 145 of the 2011 ACL In carrylng out my examination I have followad all the appIl¢ae DiTections given by Ihe Charity Commlssion under section 14515llbl of the 2011 A Indeperkdent examlnor's statement I have Completed my examSnalion. I confimi that no matters have coma lo my attenllon In nneCt)n wlth the gxaminalion giving me cause lo believe that in any material respect.. accounting fecords were not kept in respect of the trust as requlred by $8Ctlon 130 of the 2011 Act., or the financ181 sÉatements do not a¢¢ord wilh those records- or th& fin8ndal statements do not comply with the applicable requirem8rtts concamlng the form and content of accoLmts set out In th8 Charitie5 (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts give a true and falr view which Is not a matt¢r nSidered as part of an Indeperant examinatlon. I have no con¢ems and have ¢ome across no other matters in connection wtth Ihe examination to which attèntion should be drawn in thls report in order lo enable a proper understandin9 of the financial statements to be reached. Robert Klrtland FCA Crftchleys Audlt LLP Beaver House 23-38 Hythe Bridge Street Oxford OX12EP Dated: ..131.7J.2Q23.....
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023 Unrastrl¢tod Unr•strlctad funds funds 2023 2022 Not05 Incomè fro Investments other Incomo 31.7ri 179 30.117 82 31,956 30,199 Total Incom8 Ex endÉture o Raising funds 9.386 10.715 Charitsble act18$ 34.838 44,272 other 54,987 Totsl expèndlturo 44,533 Nel g8lnslOosses) on Inv$stmenis 1160,1311 113.984 N•t movèment In funds (172.708) 89,196 Fund balances at 6April 2022 2,225.021 2,135.825 Fund balances at S Aprfl 2023 2,052,313 2,225,021 The slatemenl of financial acilvilies includes all gains and losses rgnISed in the yèar. 11 income and expenditure deliv0 from continulng a¢tivitigS.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST BALANCE SHEET ASAT 5APRIL 2023 2023 2022 Notes Flxed assets Investments 2,223.756 2.048,418 Curr•nt assets Cash al bank and in hand 8.035 5,73S Credltors: amounts falling duè wlthln on• year (4,1401 (4,470) 10 Nel current assets 3.895 1.265 Total assets less ¢urr¢nt Ilabillties 2.052,313 2.225.021 Income funds Unreslrided lurtds 2,052,313 2.225,021 2,052.313 2.225.021 The fi nc l $talernants were approved by the Trustees on Tru$lee
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accountlng pollcitrs Charlty Informatlon The Robert and Margaret Moss Charitable Trust Was establlshed under 8 Trust deed on 24 August 1984 to adminlster fijnds settled by Robert and Margaret Moss. The regigtered offl¢e 15 Seacourt Towar. Westway. Oxford. OX2 OFB. 1.1 Ac¢ountlng conventlon The financi81 statements have b88n prepar8d in accoidance wlth Ihg Iwsls goveming document, the Charilles Act 2011, FRS 102 Yhe Financial Reporting Standard applicable in tha UK and Republt¢ of Ireland" I'FRS 10T) and the Charities SORP "Accounting and Raporting by Charllles.. Statement of Recommended Practice appItcae to charitles prepailng thalr accounts in accordance with the Financlal Rèporting Standard appllcable In the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). The trust ts a Publlc Benèfit Entity as defined by FRS 102. The trust has taken advantsge of th& provislons In the SORP for charfties not to prepare a Statement of Cash Flows. The financi81 statgmgnts have departed from the Charities (Accounts and Report8J Regulations 2008 only lo the extent requlred to prowde a true and fair vTew. This departure has involved following the Statemènt of Recommend8d Practicè for ¢harfties applying FRS 102 rather than the varsion of Ihe Stslement ol Recommended Pfacllce whlch is ferred to In the Regulations but which hos since been wilhdrawn. The ffinanci81 statements are preparad in stèrling, whlch Is tha fun¢ttonal currery of thè trusL Monfrtsry amounis In these finan¢ial stat¢ments arè rounded lo thg nearest £. Th# financ181 slalements havè been prepared under the hlstorfcal cosl nvention. The princlpal ac£ounlng poIici8s adoplgd are 5Ot out below. 1.2 GoTng conearn At the lime of approvlng the financial stalomenl3. the trustees havg a reasonabl8 expectallon that the trust has adequ8le resources to continuè in operatlonal $Stence for thè foreseeable future. Thus the Irustaes continue to 8dopt the going concern basis ol acGounling In preparfng thè finantial statemgnts. 1.3 Charlloble funds Unrestslcted funds are avallable for usè al the dlscretion of Ihe INslg&s in fiJrtheran¢e of thelr charlt8blg obledivgs. R8Strict8d funds aw subject to specKfic condbuons by donors as to how they may bo used. The purposes and uses of the reslricled funds ara sel out In the notes lo tho financial slatemenls. 1.4 Income Inc4)me is rècognTS8d when thè tnjsl is legally ¥ntiUed lo il after any performance conditions have bettn met, the amounts can be measured rèliably, and il is probable that in¢ome will be received. Cash donations are rèco9nised on receipt. Other donations are recognised once the tsust has beèn notified of the donation, Unt performance conditions requiie deferral of the amount. Income lax recoverable In relation lo donations receivèd undar GiftAid or deeds of covonant is recognlsed at the time of the donatlon. Legacias 8re recognlsed on receipt or olherwlse if U)e trusl hos been noiiftad of an impending dlslrlbution. the amount ts known, and receipt is expocied. If Ihe amount is not known. the legacy ts Iated a$ a contingent asset.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCSAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 A¢¢ountlng pollclès (Continued) 1.5 Expendltur• Expenditure is racognlsed once there18 a legal or conslru¢tlve obllgauon to transfer economic benefit to a third paty, it is probable that a transfèr of economlc b8ngfits will bo required in settlemenl. and tha amount of the obllgallon can bo measured reliably. Expendituie 13 dassified by activity. The costs of eaL actlvity are made up of the total of dlreGI costs and shared costs. Inctudlng support costs SnvoSved In undertaking each activf(y. Dired costs 8ttrlbulable lo a single activity are allocated direclly to that adlvity. Shared cSts which conlribul& to more than onè aclivtty and support costs which are not anbULab1e to a single adiwty aro apportioned bèttveen those 8ctivilies on a basls consistent with the use of resouf¢es. Cantral stsff costs arè allocated on tho basls of time spant. and depr8cia¢K)n charges are allocated on the portlon of the assel's use. 1.6 Fixèd asset Investments Fixèd asset Investments are inltially measured at Iransa¢tbn price exduding transadon costs. and are subsequenuy measured 8t fair value at each roporting datè. Changes in fair valLO are recognised in net In¢omell8xpendltUTè) forthe year. Transadion costs are expensed as Incurred. 1.7 Cash and cash •qulvalènts Cash and cash equNalen15 Include cash In hand. dewslts held al eall wlth banks. othèr short-temi liquld Snvestments with original rnalurilies of threg months or less. and bank overdrafts. Bank overdrafts are shown in borrowings In curr&nt liablliues. Boslc IlnanGlal assets Basic financial assets. which include dablors and cash and bank balances. are Initially measured at transaction pricè Including transaction costs and arè subsequently carried al amortised cosl usln9 the effective inlorest method unless Ihe arrangomenl consliluies a financing transactitsn. where Ihe transaction is measured al the prèsent value of the futura rec¢ipts discounted at 8 markel rate of interest. Financial assets classified as receivable withln one yèar arè not amortised. Crltl¢al acrounting estimates #nd Judgements In the appllcalion of the trust's accounting pollcies, the trustees are requlred to make judgements. estimates and assumpllons about Ihe carrying amount of assets and Ilabililies that are not readily appar8nt from other sourcès. The estimates and associated assumptions aTe based on historlcal experience and other faclors that are consldered to be relevant. Aclu81 result$ may diffar from thesè estimates. The estimates and underIng assumptlons a [lewed on an ongoing basis. Revlsions to accounthig estimates are recognised in the perfod in whlch Ihe estimate Is revlsed where the revision affects onty Ihal perlod, or the pericKI ol th8 rovlsion and fulure peiiods whera the revision affects both current and futuro pgrfods. The investment valuallon Is consldered to be the critical a¢xounting estlmate vrithin these financial Statements, the value ofthls valuatlon is £2.048,418 {2022- £2.223,7561.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2023 lrtvestments Unrestrlctod Unreslrt¢tBd funds fvnd5 2023 2022 D5vldBnds 31.777 30,117 Raising funds Unre¥trlcted Unrgslricled funds funds 2023 2022 Inve51menl management 9.386 10.715 9,386 10,715
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Charliablo actlvitles 2023 2022 25,000 6,730 33,500 8,512 Grants Trusl administration fees 31,730 42,012 Independent examlnalion fees 3.108 2.260 34,838 44,272 Grants Abingdon C8rousel Action MedieAI Research Ago UK Oxfordshire Aldatas Community Tr8nsfomiation Inltiatives Alzhelmar's Research UK Animal knlTri s Aspirè Oxfordshire Be Frae Young Careers Bone Cancèr Research Trust Biiush Red Cr05S Cianna's Smile Criminon UK Crfsis UK Donnington Doorstep Family Centre Dovecole Voluntary Parent Committee Education for Everyone Elizabeth Finn Ua Tum 2 U Emmaus Oxford Emerg8ncy- Turkey.Syria EarthouakèAppeal Gulde Dogs for the BlindAssoclalion Frfends ol the Elderfy Home Start Oxford Homeless People 8 the Oxford Church8s Jacarl Lil$ Education Wèssex Macmillan Cancer Support Maggig's Oxford Churth&s Debt Centre Oxford Hub Oxford Mkrtual Aid Oxfordshlre l.M.P.S oxlordsh1 Mind Oxfordshire Youth Pennyhook5 Fami TrLFSt Police Community Clubs of GB 750 1,000 500 1.000 750 1,000 1,QOO soo 1.000 1.000 1.000 500 500 750 1,000 soo 1.000 1.000 500 1.IXJO 500 750 750 1.000 1,OlJ) 1.000 1.000 1,000 1,000 1.000 1.000 1.000 750 750 750 750 500 1,000 1,OCM) 1.000 1.oc 1,000
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Charltable actlvltles (Contlnuedl Prostale Cèn¢er UK Quest lor Laamlng R.A.B.l. RAW Workshop React Response Retina UK S8eSaw SpJhl Re5earth UK The Mulberry Bush Organlsatlon va Nètwork Wellbelng of Women Wolvercote Young People's Club Yellow Submarfne Holldays 1,000 1.000 1.000 2.000 1.000 1.000 1.000 750 1.QOO 750 500 750 1.000 1,000 1.000 1.000 1.0 1.000 1.000 25.000 33,500 Employ•e$ 2023 Numb?r 2022 Number Total There were no employees whose annual remuneration was more than £60,000. Oth Unrèstrfetad furtds Total 2023 2022 Truste8 meel(ng expens88 309 309 Net goIn{lo¥s?¥) on Investments Unr•strictÈd Unrestricted funds funds 2023 2022 Revaluation of investments 1160.1311 113.984 10-
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2023 Flx¥d asset lrtvestments Listed investments Cash In portlolio Total Analysls of movement In th• Invèstment portfollo: At 6April 2022 Additions Valuallon changes Cash movements Dlsposals 2,059.753 488.384 (160,1311 164.003 1488.384) 2,223.756 1160.131) 115.2071 115,2071 390.380 1390,3801 At 5 Apiil 2023 1.997.626 50,792 2.048,418 arylng amount AI 05April 2023 1.997.626 50.792 2,048,418 At 0SApril 2022 2,059,753 164.003 2,223.756 2023 2022 Analysls of Investm•nts at 5 April by ¢ategory ol holdlng: FIx8d interèst securlties UK equities & funds Overseas 8quitias & funds Other assets Property bjnds 345.873 412.891 822,173 340,881 75.808 315,958 396,539 910,808 308,548 127.900 1,997.626 2,059.753 10 Credliors: amount5 falling duè withln one yèar 2023 2022 Accruals and olhar creditors 4.140 4.470 11 Related partles Remuneradon and expenses We paid to Blakè hAorgan LLP of £6,840 (2022.. £8,512}, Whe JPO Cole is a consultsnl and former member. for the admlnislrallon of Ihg TnJ$t. Su¢h payment Is authorised under spacAfic powars conl8ined in the Trust deed. No remuneration directty or indirectly oul of tha bJnds of the charity was pald or payable for the year to any trustee or any person known to be connected with any of them. Trustees were relmbursed f¢r meeting exnseS amounting to £309 during the year.