2024-04-05-accounts

The Moorview Charitable Trust Report and financial statements Year ended 5 April 2024 Charity number: 803598

The Moorview Charitable Trust Contents Page Report of the trustees Independent examinels report Statement of financial activities Balance sheet Notes to the financial statements

The Moorvlew Charitable Trust Report of the trustees The trustees present their report and the financial statement5 of the charity for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policie5 Set out in the notes to the accounts and comply with the charitvs trust deed, the Charities Act 2011, and the Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 2 October 2019. Reference and administrative Intom)ation Addre55: Cayzer House 30 Buckingham Gate London SWIE 6NN Governed by.. Deed of Appointment dated 9 April 1990 as amended on 6 April 2020 (change of namel Tru5tee5: James Michael Beale Cayzer-colvin Esther Anne Mary Cayzer-colvin William Lawrence Greenwell Swan Administrator: The Cayzer Trust Company Llmited Cayzer House 30 8uckingham Gate London SWIE 6NN Solicitors: Currey & Co. 33 Queen Anne Street London WIG 9HY Independent exarniner: S J Wakefield ACA Dixon Wilson 22 Chancery Lane London WC2A ILS Structure. governance, and management The trust was established by The Honourable Nichola Colvin through a Deed of Appointment dated 9 April 1990. The charity was registered by the Charity Commissioners for England and Wales on 13 July 1990 under charity number 803598. By a Deed of Appointment dated 22 March 2019, £1.500.000 was unconditionally donated to the trust from the Estate of Lady Elizabeth Cavendish. It was subsequently decided by the executors that this donation would take the form of investments, calculated at thelr value5 at probate. These were transferred to the trust in November 2019, and the uplift in value between the probate date and the date of donatlon was reflected in the accounts for the year ended 5 April 2020 as an additional donation. Following this donation, the trustee5 resolved to change the name of the charity from The Colvin Charitable Trust to The Moorview Charitable Trust. by a resolution dated G April 2020. By a Deed of Appointment dated 22 July 2020. a further £652,(NJO was unconditionally donated to the trust from the Estate of Lady Elizabeth Cavendish. The executors decided that this donation would take the form of cash, and thi5 sum was transferred to the trust in the same month.

The Moorview Charitable Trust Report of the trustees Structure. govemance. and management Icontlnued) The trustees do not actively fundraise, although the governing document allows them to do so. The trustees are prohibited, under the trust deed, from undertaking any permanent trading activities to raise funds for the charity- The power of appointin8 new trustees is vested in the present trustees. New trustees may be appointed at any time, either by way of replacement or addition. The current trustees have all held office since being appointed on 27 November 2002. The trustees agree the broad strategy and areas of activity for the trust, including grant-makin& investment. risk management. reserves. and performance. The day to day administration of grant5 and the processing and h3ndling of applications prior to consideration is delegated to James and Esther Cayzer-colvin. and the financial affairs of the charity are handled by the administrator. The trustees annually review the risks facing the charity. Objectlves and artivities The trust deed gives the trustees the power to pay or apply the income and the whole or any part or parts of the capital to or for such charitable institution or institutions or other such charitable object or objects in any part of the world a5 the trustees shall in their absolute discretion think fit to support or establish. The trustees identify the projects and organisations they wish to support and $0 do not consider grants to people or or8anisations who apply speculatlvely. The trust also has a policy of not respondlng to any correspondence unle55 it relates to grants it has agreed to make or to the general management of the trust. Publlc benefit The trustees, having regard to the public beneflt guidance published by the Charity Commission in accordance with Section 17 of the Charities Act 2011. consider that the purpose and activities of the charity satisfy the requirements of the public benefit test, set out in Section 4 of the same act. Achlevements and performance The charity continues to support and asSi5t charitable objectives which promote a wide range of charitable tauses. including education and training. heritage and culture. horticulture, the environment. and conservation. prisoner training and support. and veterans. support and heritage, all when funds permit. In the year, the trustees granted £30,000 to The Conservation Collertive, this donation to be paid over three year5 in support of a programme to protect and restore the natural beauty of the Argolic and Saronic Gulf. The charity also donated £20.000 to The Heritage of London Trust. £IO.000 of which was to be directed to the restoration of the tomb of George Green in Trinity Gardens. Poplar. other donations in the year comprised £IO.000 to each of Fine Cell Work and Help for Heroes. £5,000 to the Island Farm Donkey Sanctuary Ipayable over 5 years). £4,280 to The Royal Horticultural Society, and £2.500 to Thriving Through Venture. Most of these are organisations the charity has previously supported. often over a number of year5. Financial revlew, Investment pollcy, and risk management At the year-end. the market value of investments, excludlng capital cash. held by the charity was £2,445,139 {2023 - £2.362.6111. Details of the charity's fixed asset investments are described in note 6 to the financial statements.

The Moorview Charitable Trust Report of the trustees Financial review. Investment pollcy. and risk management (continued) The charitrfs investment powers are prescribed in the trust deed. The deed gives the trustees very wide powers of investment. The income from investments forthe year was £67,77112023- £86,312}- The figure forthe prioryear included a special dividend of £21,165 received from Caledonia Investments plc. The charivs income is now expected to remain at current levels. The trustees annually review the risks facing the charity. The charit￿$ risk5 mainly relate to investment management, as well as the performance of its material investment in Caledonia Investments plc. To address this risk, the charity holds a diversrfied portfolio, actively mana8ed by Rathbone Investment Management Limited, and notes that the holding in Caledonia Investments plc has its own wide range of underlying investments. The trustees have set a policy to generate a sustainable income return to fund annual grant making whilst maintaining the real value of the charity's assets. Endowment funds are, however, expendable, not permanent, should the tnjstees resolve to use them. The charity's specific investment objective is to produce a capital return above the FfsE All Share Index over the long term. with a minimum 2% yield. This is being met over the long term. and the trustees monitor the chariV5 financial performance at least annually. holdin8 re8ular meetings with the investment managers. Reserve5 policy At 5 April 2024. the endowment fund reSe￿e stood at £2.480,886 {2023 - £2.373,9681, and the unrestricted fund reseNe totalled £94,82512023- £88,580). The trust has low governance ond support costs and easily maintains free reserves to cover unrestricted charitable expenditure. Grants are made on a case by case basis. allowing the trustees to be flexible and adapt grant levels as necessary. The charit￿5 policy 15 to restrict grants In any one year to within the level of income generated in that year, plus unrestricted income funds brought forward, unless a project particularly worthy of support is identified by the trustees. Total donation5 made during the year were £81,780 12023 - £102,574>.

The Moorview Charitable Trust Report of the trustees ststement of trustees. responsibilltles The trustees are responsible for preparing the trustees, annual report and the financial statements in accordance with 3pplicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity 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 charity for that period. In preparing the financial statements, the trustees are required to: selert suitable accounting policies and then apply them consistently; observe the methods and prlnciples in the appllcable Charities SORP, makejudgements and estimate5 that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements: and prepare the financial statements on a going con￿rn 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 at any time the financial p051tion of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 1015 and signed by James M B Cayzer-colvin Trustee Esther A M Cayzer-colvln Trustee William LG Swan Trustee

The Moorview Charitable Trust

Independent examiner’s report to the trustees of The Moorview Charitable Trust (‘the Trust’)

I report to the trustees on my examination of the accounts of the Trust for the year ended 5 April 2024.

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’). You are satisfied that an audit is not required for this year under charity law and that an independent examination is needed.

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.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

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 form 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; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

S J WAKEFIELD ACA 24 January 2025 Dixon Wilson 22 Chancery Lane London WC2A 1LS

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The Moorvlew Charitable Trust Statement of financial i¥ities forthe year ended 5 April ZOZ4 Unrestrlcted funds 2024 Endowment fund5 2024 Total funds 2024 Vnrestri¢tsd funds 2023 Endowment funds 2023 Totsl fiinds 2023 Note Income Donations and legatis= donations 25.000 25.000 25,093 2S.093 Investment income 67.771 67,771 87,529 (L217J 86.312 Tthal income 92.771 92,771 112.622 {1,217J 111.405 Expendi￿re Expenditure on chorltoble octivities Donation5 and grants to Institutions Governance costs 181.7801 14,7461 186,S261 81,7801 14,7461 186,5261 {102,574J (5,5801 {108,154J 1102,5741 {S,S80J (108,1541 Expenditure on raisingfvnds Investynet)t management costs 114.4971 114,4971 f13.960J {13,960J Total expendilure 186.5261 114,4971 1101,0231 (108,154} f13,960} (122.114J Net gain5 1 Ilossesl on financial a55ets 121,415 121,415 f132,528} (132,538J Net income I lexpÈndlturel and net movement in funds 6,245 106,918 113,163 {147,705J {143237J Reconcilitstlon offund5 Total funds brou8ht forward at 6 April 2023 io 88,580 2,373,968 2A62,548 84,112 2.521673 2.605.785 Transfers between fvnds Totsl lunds tèrrled foNard at 5 April 2024 io 94,825 2.480.886 2,575,711 88.580 2.373 968 2.462,548 All income and expenditure is in respect of continuing activities for the current and the previous year. The notes on page5 8 to 11 form on integral part of these financial statements.

The Moorview Charitable Trust Balan￿ sheet at 5 April ZOZ4 Unrestricted fund$ Endt)wment funds 2024 Total funds 2024 Vnre5tri¢ted funds 2023 Endowment funds 2023 Tolal funds 2023 Note Fixed assets Investments 2,445,139 2,445,139 2.362.611 2.362,611 Current assets Debtor5 Cash at bank and in hand 5,019 89,141 94.160 5.019 104.048 109,067 123.571 123,571 39.510 39.510 163,081 163,081 14.907 14.907 Creditors falllng due wiihin one yèar 115,7461 13.7631 119,5091 15,580J 13.550J f9,1SQJ Net current assets 107,825 35,747 143,572 88,580 11.357 99,937 Credltors f•lllng due after one year I13,(￿) 113.Ll)01 Net assets 94,825 2.480.886 2,575,711 88.580 Z373.968 2.462,548 The funds of thÈ charlty: Unrestricted funds Endowment funds io io 94,825 94,825 2,480,886 88.580 88.580 2,373,968 2,480,886 2,373.968 94,825 2,480,886 2.575,711 88,580 2,373.968 2.462,548 15 ) 102s Approved by the Trustees on Jame5 M B Cayzerlolvin Trustee EstherA M Cayzer-colvin Trustee William L G Swan Trustee Thè notes on PaBes 8 to li form an integral part of these financial statements.

The Moorview Charitable Trust Notes to the financial statements for the year ended 5 April 2024 Accounting pollcles Basis of preparatlon The financial statements have been prepared under the historical cost convention, with items recognised at cost or transaction value. ut)less otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice= accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) issued on 2 October 2019 and the Charities Act 2011. The trust constitutes a public benefit entity as defined by FRS 102. Going concem The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern, and that there are no key assumptions that affect items in the accounts, Funds structure The charity has an expendable endowment fund created by gifts from the settlor and others. Income arising In the expendable endowment fvnd is unrestricted, Unrestricted funds comprise accumulated surpluses and deficits on general funds that are available for use at the discretion of the trustees in furtherance of the general objectives of the tharlty. Income recognitlon Donations and legacies are recognised once the charity has been formally notified that it is unconditionally entitled to the funds. and the amount can be measured reliably. Gift aid reclaimable on donations to the charity 15 included with the amount received. Income from investments and cash deposits is included on an accru315 basis. Expenditure remgnition Liabilities are retognised a5 expenditure as soon a5 there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Grants are charged to the statement of financial activities when paid or when a constructive obligation exists, notwithstanding that they may be paid In future accounting periods. Other expenditure is included in the accounts on an accruals basis. Irrecoverable VAT has been charged against the relevant expenditure. Taxatlon The trust is a registered charity and is thus exempt from taxation of Its Sncome and Bains falllng within Sectlon 532 of the Income Tax Art 2007 to the extent that they are applied to its charitable objectives. No tsx charges have arisen in the charity.

The Moorview Charitable Trust Notes to the financial statements for the year ended 5 April 2024 Investment income 2024 2023 UK Ilsted Investments Non-UK listed investments Interest income 42,682 10,910 14.179 67,771 61.858 11,927 12,527 86,312 All investment intome arose in the unrestricted fund in the current and prior years, excepting £1,217 of UK listed investments accrued income allowances in the prior year. Donations and grants to institutions 2024 2013 Gmnts were modefor thefollowing purposes." Education and training Heritage and culture Horticulture. environment, and conservation Medical research. treatment. and care Prisoner training and support Veterans, SUPPOrt and heritage 2.500 20.000 39,280 20,794 14.280 10,000 10.000 81,780 62.500 102.574 Recipients of institutionol gmnts.. Fine Cell Work Help for Heroes 151and Farm Donkey Sanrtuary Milton Lilbourne PCC Salisbury NHS Hospital Charity (Stars Appeal) The Conservation Collertive The Heritage of London Trust The Royal Hortlcultural Society Thriving Through Venture World Wlldlife Fund 10,000 10,000 5,000 62,500 10,000 30,000 20,000 4,280 2.500 10,794 4,280 10,000 102,574 81,780 Govemance costs 2024 2023 Administration fee Independent examination fee Legal and profe55i0nal fees 3.186 1,560 1,500 432 5.580 4.746 Investments 2024 2023 Market value at 6 April Additions at cost Disposal proceeds Net gains I Ilosse51 on revaluation and on disposal Market value at 5 April 2,362.611 61,901 1100.7881 121.415 2,445,139 2.441,923 206, 784 (153,568) (132.5281 2.362.611 Investments at fair value conslsts of: Listed equities Listed fixed interest stocks 2.025,152 419,987 2,445,139 1,941.274 421,337 2,362,611

The Moorview Charltable Trust Notes to the financlal statement5 for the year ended 5 Aprll 2024 Investments Icontinued) Material investments at 5 April 2024 Market value portfolio Caledonia Investments plc 394.264 16.1% Debtor5 2024 2023 Other debtors 5,019 Creditors falllng due within one year 2024 2023 Accruals Grants payable 8,509 11.000 19,509 9,130 9.130 Of the total creditors falling due within one year. £15.74612023 - £5,580) relates to unrestricted funds. £3,763 12023 - £3,550) relate5 to endowment funds. Creditors falling due after one year 2024 2023 Grants payable 13,000 io. The funds of the charlty Unrestricted fund5 2024 Endowment fund5 2024 Total funds 2024 Opening balance at 6 April 2023 Income Expenditure Movement in value of investments Closing balance at 5 Aprll 2024 88,580 92,771 186,5261 2.373.968 2,462,548 92,771 (101.0231 121,415 2.575,711 114,4971 121.415 2,480,886 94,825 Unrestricted fund5 2023 Endowment fund5 2023 Total funds 2023 Opening balance at 6 April 2022 Income Expenditure Movement in value of investments Closing balance at 5 April 2023 84.112 112,622 1108.154) 2,521.673 (1,217) (13,960) (132,528) 2,373,968 2,605.785 111.405 (122,1141 (132.528) 2,462,548 88.580 10

The Moorview Charitable Trust Notes to the financial statements for the year ended 5 April 20Z4 io. The funds of the charlty {eontlnued) Analysi5 of fund assets and liabilities Unrestrlcted funds 2024 Endowment funds 2024 Totsl funds 2024 Investments Cash at bank and in hand Creditors 2.445,139 39.510 13,7631 2,480.886 2,445,139 163.081 132,5091 2,575.711 123.571 (28.7461 94,825 Unrestricted funds 2023 Endowment funds 2023 Total funds 2023 Investments Debtors Cash at bank and in hand Creditors 2.362.611 2,362,611 5.019 104,048 (9,130) 2.462,548 5,019 89,141 {5,580J 88,580 14.907 {3,550) 2,373,966 ii. Employees The trust did not have any employees during the current or prior year. 12. Transactions wlth tfustees or connected persons An administration fee of £3.18612023 - £3,648) was charged by a company of which Mr James Cayzer-colvin is a director. Legal fees of£nil {2023- £432) were charged by a partnership of which Mr William Swan is a partner. Trustees made total donations to the charity of £25.000 {2023- £25.093) during the year. inclusive of Gift Aid. No other arrangement. including transactions, contracts. and grants, existed during the accounting period with trustees or connected persons. No trustees, or connected persons, received remuneration directly or indirectly from the charity during the accounting period nor did the trustees receive reimbursement of any expenses. 11