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 

5 



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 legati*s= 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