Charfty roglstratlon number 290760 THE ROBERT AND MARGARET MOSS CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trust••s Jennifer Stein Joanna Walliker Maggie Perrin John Colg Sophle Durand Charlty number 290760 Prlnclpal address Seacgurt Tower Wesl Way Oxford OX2 OFB Govemlng document Trust Deed dated 24 August 1984 Independgnt eMIner Crilchl$ysAudlt LLP 8è3var Hous& 2&38 Hythe Bridge Street Oxford OX1 2EP Soll¢itors Blake Morgan Seawurt Tower Wèst Way Bolley Oxford OX2 OFB
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST CONTENTS Pag• Tru8lees' report Independent examinerfs report Stslement of financAal activlties Balanco sheet Noles to thè financial slalernents 6-12
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The trustees Pfesonl thelr anl report and finafj¢ial stataments forthe year endèd 5 April 2024. The (In8ndal statements hav8 been prepared In accordanL* With Ihg aGwunting policie5 set oul in note 1 to the financial ststomonts and comply with the trust's daed dated 24 August 1984. th& Charities Act 2011 and'Accounlng and Reporting by chares.- Statement of Rewmmended Practice applicablè to charibes preparing tt)eir 0¢nts In accordance wtth the FinancHI Reporting Standard applIcae in the UK and Rèpublic of Ireland IFRS 1021" leffeclive 1 January 20191- Oble¢Uv•s 8nd actlyltles Its objects are lal to foster 8nd promote medlcal and sci8nUfi¢ rosearch Into the vast pro&m$ of hurnan nutrition, Ibl lo foslor and promote medical research generally, Icl the relief of poverty and Idl the advancement of education. The Trustees confimi that they have referred trj the guidance contained In the Charity Commission's general guldance on public benefit when revlewing the Trust's alms and objectives and In planning future 8¢tivltles and S8ttlng the grant mawng pollcy for the year. The Trustees seek lo further thesg obj¢cis by maknng grants to othar organisalions. In thè past. the Twslees have supported and assisted researth into th8 problems of human nulrftltsn and oiher medical research. In addition, they have provlded support for the relief of povety and the advancement Of eduration. The support ha5 béèn provided lo organisations based predominanuy in Oxfordshire. The Trustees. pollcy is to continue fundlng approprlate research projects, prèferably based in Oxfordshire. and supporting local organlsations in thelr work relating to the rellef of poveriy and the advanment of education. Thg Trustaes have sought to ensure that their policy is made known to thè public through grant-maklng directories. Achlovemerts and perfomian The Trust has established its grant maknng pollcy to achleve ils objs¢ts for the public benefiL Grants were made in line wlh this Poli during the year a5 sel out in note 3 In the accounts. Flnanclal rgvl¢w The Trustees are aware of their duty lo apply incomo funds of the charity within a raasonable tirne of their racèlpl and of the need to justify any Income reserves. At 5 April 2024. the level of unrÈstrleted funds was £2,157,872 la8 Compared with unreslricled funds of £2,052,313 at 5 Aprfl 20231. The Trustees, policy Is to maintain suffirAenl income reserves to produce inv8$tmant In¢omg of approxim81gly £30,000 - £50,000 in e8¢h yaar.. the Trustees consider that the level of income is likèly to be needed to rneÉt dlrect charitable expenditure Iprimarlly In the form of grants) and management and admlnistralion costs, with a small amount 8vailable for contingencies. In vlew of the Trust's Sncome need$ and the changeable invostmant 8nvironmenl over the last 12 months, the Trustees have dgcld•d to maintain the lev81 of reserves for the eomlng year. Trustees held the assets of th& Irust In accordance with th8lr powers during the yttar. The Trustees have absolute discrétion to invest the funds of the Trust.. no reStrtionS are pl8c8d on these powers. Tho Trust¢es' policy for the seleclK)n of investments for the charity is to seek to achieve a balancg bètwèan income and capf(al growth and that the investment portf&io has a medium Tisk. Invèstec manages the portrolio on a discretionary basis. Structure. governance and management The Robert and Margaret Moss Charitable Trust was established undtrr a Trust deed on 24 August 1984 to atjminlster fund5 settled by Robert and Margaret M¢>ss. New TNstees are appolnled eithor to flll a casL¢al vacancy or by way of addltlon to the Board. P8rtlcular emphasis is placed upon the appointment of Trustees wlth knowledge and experlence relevant to the Tnjst's charftable activitle5. Whèn new Trustees are appointed they are glven an Inlroducti)n to thg work of the Trust and provided wlth the informatlon they n¢¢d to fulfil their roles, vthi¢h Includes information about the role of the Trusle&s and thelr rèsponsibilities undei tha Chaiitses Act 2011. Day-taY administration of th& Trust is delegated to 8n administrator undèr the supervlslon of the Truslees. Decislon-making power5 are retained by the Trustees and exercls8d at regular Trusleos. m¢etings. The Trustee5 held mgtlngs durlng the year ended 5April 2024.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 The Irv51ees who seFved durlng the year and up to the date of signalure of the financlal statgments were.. Jennlfer Stein Joanna Walliker Maggla Parrin John Col& Sophie Durand The Inj ' réport was approved by the Board of Trustees. Trustee Date..
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROBERT AND MARGARET MOSS CHARITABLE TRUST CRITCHLEYS I report lo the InJst¢es on my 8xamlnalion of the finan¢ial statements of The Robert and Margaret Moss CharitabTe Trust {Ihe trust) for the yèar anded SApril 2024. Re$ponslbllltlès and basls of rgport As the Injstees orthe tru51 you are sponSIble for the preparatiun of th¢ financlal statements in a¢¢ord8ncè wlth the requirem8nts ol the CharibesAct 2011 (thé 2011 Act). I report In respect of my ¢xaminalion ol the twsl's financial slatèments carried out urKler saclion 145 of the 2011 Act. In carwng out my 8x8mination I have followed all the appllcable Directions glven by the Charlty Commlssion under section 14515}Ibl of the 2011 Ac4. Independent •xamlnerfs statement I havg ¢ompleted my examination. l Ctsnfimi that no matters have o)me to my attention In connection wlth th8 examination giving me cause to believe that In any matartal respect.. 8ecounting records were not kept In respect ofthe trust as requlred by Se9n 130 of the 2011 ACL or thè ffinancial statements do not accord wth those records-, or the financial slalements do not comply with the applieAbla requirements conceming the fomi and content of accounts set out In Ihe Charfties IAccounts and Reports) Ragulatlons 2008 other than any 11r6m6nt that the accounts glve a true and fair vi¢w which Is not a matter considered as part of an independent examinatlon. I have no con¢gm8 8nd have come across no other mattgrs In connection with thè examinalion to whtch attention should be drawn in this roport In ordar to enable a proper understsrKling of the finanal ststemènts to be reached. Robèrt Klrtland FCA Crltchleys Audlt LLP Beaver House 23-38 Hythe Bridge Street OxFord OX12EP Dated.. 291712024
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 UnrÈ$tricted Unre5trlcted fund5 funds 2024 2023 Notes Income from: Investments Other income 33.805 331 31.777 179 Total ineom• 34,136 31,956 endlture on: R8151ng fund8 10,170 9.386 Charitabla activittgs 38,000 34,838 Other 364 309 Total expenditure 48,534 44.533 Net gains1ll0ss) on Inv8Stments 119.957 (160.131) Nèt movèment In funds 105.559 1172,7081 Fund balances al 6 April 2023 2.052.313 2.225.021 Fund balances at 5 Aprll 2024 2,157.872 2,052,313 The statement of financlal activltles Includes all gains and losses recognised in the year. The statement of financial activit includes all gains and losses r8eognis9d in Ihg ygar. All income and expenditure derive from continuing acllvities.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Notes Flxed assets Inve81rngnts 10 2,143,536 2.048.418 Current assets Cash at bank and in hand 17.636 8,035 Cr•dltors'. amounts falllng due wlthin onÈ y•ar 11 (3.3001 14.140) Net curr•nt assets 14.336 3,895 Total ass•ts1os$ ¢uTrènt Ilabllltles 2,157,872 2,052.313 The funds of the trust Unreslrictsd funds 2.157.872 2.OS2,313 2,157,872 2.052.313 The fin nc I statements were approved by the truslees on ... Trustee
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollcl8$ Charity information Th& Robert and Margaret Mos5 Charitae Trust was eslablish8d und$r a Trust deed on 24 August 1984 10 administer funds setued by Robert and Margarel Moss. The reglsterad offiea is Saacourt Towar, West Way, Oxfoid. OX2 OFB. 1.1 A¢counllng conventSon The financial statements have been prepared In accordance with th8 trusfs governing document. the Charities Act 2011. FRS 102 The Financial Reporting Siandard p1¢able in th8 UK and Republic of Ireland" C'FRS 102,1 and the Charlties SORP "Accounllng and Reporting by Charities.. Stalement of Recommènded Practice appli¢abl$ lo Charl$$ preparing their accounts In accordance wilh the Financlal Reporbng Stan¢fjard applicablè in the UK and Republic ol Ireland IFRS 102)° (effective 1 January 2019). The trust is a Public Benerrt Entity as deffned by FRS 102. The twsl has taken 8dvantage of th8 provisitsn$ in the SORP for charities not to prepare a Statèmont of Cash Flows. The finanaal siatements have departed from thè Charities IAccounls and Reports) RegulatKsns 2(K18 only to the extent ruir8d to provid@ a true and fair v18w. This departure has involved following the Statement of Racofflmended Practice for charities applying FRS 102 ralher than thg version of the Statement of Rè¢ommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial slatements ara preparèd in $terfing, which is the *Jnclional currency of thè tru$L Monotary amounts In Ihesè finan¢l81 $¢8tements ar? rounded to the nearest £. The financial statements have been pPared und&r Ihg hi$iorical cost o)nvenlion. The principal accounting policies adopted are sèt out b81ow. 1.2 Going concem At the tiffle of approving the financial slalemenls. the Irustees hava a reasonable expectation that the trust has adequate resources to continue in operalonal existence for the foreseoable fulvre. Thus the trustees conunue to adopl ihe goffing conr basls of accounting In preparing the finandal statements. 1.3 Charltable funds Unreslricled fvnds are available for usè at thè disCtion of the IteeS in furtherance of thelr charitablg oblectlves. Restrfcted funds are subjÉd to specific conditions by donors oi grantors as to how thèy may b? used. The purposes and u885 of the r8slricled funds are sel out in the notes to the finanaal statements. 1.4 Income Inwme is rewgnisgd when the trust is legally enlilled lo It after any parfornanco nlOn$ have been met, the amounts can be measured reliably, and it is probable that income wlll b6 rècèivèd. Cash dOnati0F are recognised on receipt. Olher donations ara recognlsed on¢0 the twsl has been notified of the donation. unless perfomiance conditions Iequlre defarral of thè amount. Income lax recoverable in relaiion to donations received under Gift Aid or deeds ofwvenant is recognised al the lirne of the donation. Legacies are recognised on recelpt or oth8rws8 if the trust ha5 been notified of an impending distribution. thè amounl ts known. and rèe8ipt is expected. If the aFnounl is not known, the legacy is treated as a ¢onifjng¢nl asset.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accountlng p¢liclos Icontlnuedl 1.5 EXndItUrn ExpendttLtre is recognised orTh there is a legal or constNctive obligation to translar economlc benefit lo a thlnl party. it is probable that a transfor of aconomic benefits will be required in satuement. and the amount of thè obligation can be measLsred reliably. ExpenditUTe is ¢lassified by adwity. The ojsts of each actsvity arè made up of the total of direct costs 8nd shared costs, induding SUPPOrt costs Involved in undertaking each activity. Dlrect cA)sts attributable to a singlo actlvSty are allolxled dirtr¢Uy to that advSty. Shared costs which Contributè to more than one activity and support costs which are not attributabla to a single activity aTe apportionèd between those activlues on a basls consistent wlth the us8 of resources. Central staff costs are allocated on the basis of time spent, and depreciatlon Gharggs or8 allocated on the portion of the assat's us&. 1.6 Flx¢d asset Investments Fixed asset investrnents are inthally measured at transaction price excludlng Iransadon cosis. and ar8 subsequ9ntiy measured at fair value al each reporting date. Changes in fair value are re¢x)gni$ad In net incomellexpentliturg) for the year. Transaction costs a axpensad as Incurred. 1.7 Cash and cash oqulvalants Cash and cash equivalents Include ISh in hand. ¢Jeposlls held at call with banks, other $hort-tarni liquid investments with original matL¢rilies of three months or lèss. and bank overdraft5. Bank overfrafts ore shown yrithin borrowngs In eJJrrent liabilities. Baslc financlal a55ets Baslc financial assets, which include doblors and cash and bank balances. are inibally measured al transaction price incjuding tr8nsaclTon costs and are subsequenuy carried at amorbsed cosl using the effective Interest method unless the arrangement Gonslitules a financing transaction, whera the transaction 15 measur8d at the Present value of the fulure rècèipts dlscounted al a market rate of Inte$t Finandal assets classlfied as receivable wthin one yeaT are not amorused. Crltl¢al accgunting estimates and Judgements In the applIcaOn of the tNsl's accounting polE¢i$s. tha trustees are required lo mak8 judgèmants. eslimates and assumptions about the Carng amount of assets and IlabllTtles that are not readily appar&nt from other sources. The estimates and assodated assumptions are based on historical experfencg and otheT factors that are considered to bg r&18vant. Adual results may differ from these astimates. The estimates and underlying assumptbns are reviewed on an ongoing basis. Ravisions to accounting 8stimates are recognised in the peiiod in which the estimate is ievised where the reifjsion affects only that pèriod, or In the perfod of the revision and future periods where the revision affects both Current and future Pgri<)ds. The investrnent valuation is consldered to be the critical accounting esdmate thIn these financial Statements. tha value of this valuation is £2,143,53512023.' £2.048,4181.
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Investmgnt Unrestrlcted Unre$trl¢teil funds funds 2024 2023 DSvidends 33.805 31.777 Raislng funds Unrestrletod Unrestdcted funds funds 2024 2023 Investment managernent 10,170 9.386 10.170 9,386
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Charltabl? 4¢ti¥itio$ 2024 2023 Grants Trust adminlstratlon fees 29.000 5,700 25,000 6.730 34.700 31.730 Independent examlnatlon faes 3,300 3.108 38,000 34,838 Grants Abingdon Carousel A¢tlon Medical Research Age UK Oxlordshire dales Communlty Transformation Inthtives zheimerfs Research UK Anlmal Antiks Aspire Oxford5hire Be Freg Young Caro•rs Bone CanGer Research Trust Brftlsh Red Cross Cianna's Smile Criminon UK Crisis UK Donnington Doorstep Family Centre Dovecote Voluntary Parent Committ99 Education for Everyone Elizabeth Flnn Ua Turn 2 U Emmaus Oxford Emergency- Turkey-syria EarU)quakeAppeal Guide Dogs for the Blind Assoaètton Friends of th8 Eld8FIy Home Stsrt Oxford Homeless People & the Oxford Churchg$ Jacarf Lrfe Educatton Vvessex Ma¢mi118n Cancer Support Maggie's Oxford Churches Debt Centre Oxford Hub Oxfor(l Mutual Oxfordshire l.M.P.S Oxfordshire Mind Oxfordshire Youth Pennyhooks Farm Trust Police Community Clubs of GB 750 500 500 1,000 750 1.lJOO 1,000 1.000 1,000 500 1,000 1,000 1.000 1.000 500 500 500 7SO 1.000 500 1.000 1.000 soo 1,000 500 750 750 1.000 1,000 1,000 1,000 1.000 1,000 1,000 1.000 750 750 750 750 500 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 2024 Charltabl6 aetlvltlts {Contlnuèd) Pmstate Cancer UK Quest for Le8mlng R.A.B.l. RAW Workshop React Response Retina UK Seesaw Slght Resaarch UK The Mulberry BLFsh Organisation Viva Netsvork Wellbeing ofwornen Wolvercole Young People's Club Yellow Submarine Holidays 750 2.000 1.000 750 500 750 1,000 1.000 1.000 1.000 1,000 1,000 1.000 25.000 33,500 Net movefflent In funds 2024 2023 The net movement In funds is $tsl$d 8ftgr ¢h¥rgingl{¢r#dilingi'. Fees payable for the independent gxaminatton of tha charity's finanaal statements 3.000 Ernployg9 2024 Numb•r 2023 Number Total There were no employe88 whose annual remuneration was moTe than £60,000. other Unrestrlctgd Unrastricted funds fijnds 2024 2023 Tnjstee rrt8ating expenses 364 309 364 309 10-
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Nèt gainsllloss•sl on Investments Unrestrlthd Unrsstrirted fund$ funds 2024 2023 Revaluation of investments 119,957 1160,1311 11
THE ROBERT AND MARGARET MOSS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 10 Flxed a8set Investments Llsted Invèstmènts Cash In portfollo Total Analysls of movement In th• nStm#nI portfollo- At 6Apiil 2023 Addltlons Valuation changes Cash movements Disposals 1,997,626 383,704 119.957 50.792 1383.704) 2,048,418 119.957 124.8391 124,839) 440.546 (440.5461 At 5 Apnl 2024 2,060,741 82.795 2,143,536 Carrylng amount At 05April 2024 2.060.741 82,795 2.143.536 AI 05April 2023 3.997,626 50.792 2,048,418 2024 2023 Analysls of InvÈstments at 5Aprll by calegory of holding- Fixed inleiest securltses UK equilies & fvnds Overseas equities & funds Other assets Property funds 526,786 414.711 881.402 178.678 59.164 345.873 412.891 822,173 340,881 75,808 2,060,741 1,997.626 11 Credltors: amounts falllng du¢ withln one year 2024 2023 Accruals and other crediiors 3,300 4.140 12 Rglaled parti Remuneration and expenses wer8 paid to 81ake Morgan LLP 01 £6.84012023.' £6.840}. where JPO Cole Is a consultant and fomier member, for the administration of the Trust. Such payment is aulhorised under specific powers contained in thè Twst deed. No ramunarntion directly or indirecuy oul ol the fund8 of the charity was paid or payable for the year to any trustee or any person known to ba conijecied with any of them. Trustees were reimbursed foT meeung expenses amounting to £36412023: £309) during the year. 12-