The Morrls and Sally Phllllps Charltable Trust Trustees. Annual Report and Statements of Recelpts and Payments and Assets and Liabllltles For the year ended 5 Aprll 2023 Charlty Number: 103405
The Morrls and Sally Phillips Charltable Trust Annual Report and Flnanclal Statements for the year ended 5 April 2023 Contents Pages References and administrative detalls of the Charity Trustees, Report Independent Examiners Report to the Trustees Recelpts and Payment5 Account Statement of Assets and Liabilities Notes to the Flnancial Statements
The Morrls and Sally Phillips Charltable Trust References and admlnlstratlve detalls Charity Name: The Morris and Sally Phillips Charitable Trust Charlty Reglstration Number". 103405 Contact Address: I Valley Road, Banbridge, Co. Down, 8T32 4HP Trustees Mr Morrls Phillips {Chalrman) Mrs Sally Phillips Mr Joe Cole Mr Michael Wightman Mr Nigel Thompson Independent Examiner Moore IN.I.I LLP Waterford House 32 Lodge Road Coleralne BT52 INB
Trustees, Annual Report for the year ended S Aprll 2023 The Trustee5 present their Annual Report and Statements of Receipts and Payments and Assets and Liabilities for the year ended 5 Aprll 2023. Objectlves and Attivltles The Trustees are responsible for all the asset5 of the Trust Fund and the administration of Trustee meetings. The Charity makes financial donations to chosen recipient charlties which are active in delivering practical aid and provision to needy situations. A Memorandum of Wishes. signed by Morrls and Sally Phillips on 21 December 2007, has been dlstributed to all Trustees for their guidance. The following extract from that document sets out the purposes of the Charitable Trust.. 'In principle, we would anticipate the funds being applied- as the Trustees direct- in furtherance of the followlng (although this 15 not intended to be an exhaustive list and is simply by way of example): lal the relief of hardship now and for the future through the furtherance of general education and the promotlon of the Christlan falth In underdeveloped countries. Ibl the prov151on of funding to help disaster recovery, where that occurs wlthin the world; Icl the development of missionary work throughout the world; Idl the support of charities Involved in al to cl above which Illustrate good stewardship by applylng a large percentage of donatlons received to the work on the ground; lel the support of ¢harltles operatin8 In the United Klngdom on behalf of needy causes considered by the Trustees to be worthy of as51stance." Achlevements, Performance & Publlc Beneflt The Charity has glven careful conslderatlon to the Charlty Commlsslon for Northern Ireland's guidance on public benefit to ensure that the actlvitles entered Into during the year have helped to achleve the Charit¢s objectlves and actlvltles, as well as provldlng publlc beneflt. Flnanclal Revlew The Charity had net outgolngs of £130,956 for the year ended S Aprll 2023. The Trustees conslder that they have sufficient reserves to finance the Charity's operatlng actlvltles goln8 forward. Assessment of Rlsk The Trustee5 have assessed the major risks to which the charity is exposed and are satisfled that systems are In place to mitigate exposure to the major risks. Plans for the future The Trust continuÈs to seek out opportunltles to support Individuals and groups whlch comply with the alms and objectives of the Trust. It plans to remain active and doesn't plan to amend its aims or objectives. Golng Concern The Trustee5 have reviewed the budgets for the year ahead and are satisfied that there are adequate funds In place to ensure that the Charity can continue its activities and the Financial statements for the year ended S April 2023 can be slgned off as a going concern.
Structure. Governance and Management Governlng Document •nd Con$tltutlon of the Charlty The Charlty Is governed by a Trust Deed. Compllance wlth Publ1¢ Benefft The Trts$tees have 8lven careful conslderatlon to the Charlty Commlsslon for Northern Ireland's guldance on publlc beneflt to ensure that the actlvltles entered Into during the year have helped to achleve the Charlty's objectlves and actlvltles, as well as provldln8 publlc beneflt. Statement of Trust••s' R•sponslbllltlqs The Trustees are responslble for preparln8 the Trustees, Report, the Recelpts and Payments Account and the Statement of Assets and Llab511tSe5 In accordance wSth appllcable law and re8ulatlons, The Trustees are responslble for keeplng accountlng records that are sufflclent to show and explaln the Charlty, transactlons and dlsclose wlth reasonable accuracy at any tlme the asset5 and1Sabllltles of the Charlty. They are also responslble for safeguardln8 the assets of the Charlty and hence for takln8 reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. Sl8ned on B•h•lf of the Trust••s EMH Phllllps Ch•lrman of Truit••S Dat•
Independent Examiners Report to theTrustees of The Morrls and Sally Phillips CharStable Trust I report on the accounts of the Charity for the year ended 5 April 2023, which are set out on pages 7 to 9. Respective responslbllltles of trustees and examlner As the Charitls Trustees you are responslble for the preparation of the accounts in accordance with the Charitles Act (Northern Ireland) 2008. It Is my responsiblllty to: examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the General Directions glven by the Charity Commlsslon for Northern Ireland under sectlon 65{91 of the Charities Act state whether particular matters have come to my attentlon. Basls of Independent EKamlner's Report I have examlned your Charity accounts as requlred under section 65 of the Charities Act. My examinatlon was carrled out in accordance with the General Directions given by the Charlty Commission for Northern Ireland under section 65191 Ibl of the Charltles Act. My examlnation Included a revlew of the accountlng records kept by the Charity and a comparlson of the accounts presented with those records. It also included a con5ideratlon of any unusual Items or dlsclosures in the accounts, and seeking explanatlons from you a5 Charlty Trustees COnrnIng any such matters. My role Is to state whether any materlal matters have come to my attentlon glvlng me cause to belleve: l. That a¢countln8 records were not kept In accordance with section 63 of the Charltles Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charitles Act That there is further Information needed for a proper understandln8 of the account5 to be reached Independent Examlner's statement I have completed my examlnatlon and have no concerns In respect of the matters {1) to141 above and, In connectlon wlth following the Dlrectlons of the Charlty Commission for Northern Ireland. I have found no matters that require drawlng to your attentlon. Name: Hilary Farrell FCA Professional Quallflcatlon: Chartered Accountants and Reglstered Auditors Address: Waterford House, 32 Lodge R03d, Coleraine. BT52 INB th Date: 28 November 2023
The Morris and Sally Phlllips Charltable Trust Recelpts and Payments Account for the year ended 5 April 2023 Unrestrlcted Funds 2023 Restricted Funds 2023 Total 2023 Total 2022 Note Recel Bank & Deposlt Interest 116 116 106 Total Recel ts 116 116 106 Pa ments Charitable Donatlons Bank fees Total Pa ments 1,000 72 131,072 131,000 72 113,025 47 131,072 113,072 Excess of Payments over Recelpts for the year (130,956} {130,956} 1112.9661
The Morrls and Sally Phllllps Charltable Trust Statement of Assets and Llabllttles as at 5 Aprll 2023 Unrestrlrtad Funds 2023 Restrlcted Funds Z023 Total 2023 Tot•1 2022 Current Accounts Deposlt Accounts Tota Fun 39,751 84,466 124,217 39,751 84,466 124,Z17 20,823 234,350 255,173 124,217 124,Z17 255,173 On B•haW of th• Trustees EMH Phllllp$ Chalrman ol Truit•
The Morrls and Sally Phillip5 Charitable Trust Notes to the Flnancial Statements for the year ended 5 Aprll 2023 l. Accountlng pollcles Set out below are the prlncipal accounting policies whlch have been adopted in the compllatlon of the Receipts and Payments Account and the Statement of Assets and Liabilities lal Recelpts and Payments Account All items of income and expenditure included within the Recelpts and Payment5 Account have been accounted for on a cash receipts basis. Ibl Statement of A5set5 and Llabllltles- Cash on Deposlt Monles on deposit wlth banks and buildin8 societles are recorded at cost. Re¢onclllatlon of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 255,173 116 1131,072) 124,217 Movement In Funds At 5 Aprll 2022 Incomln8 Resources Outgolng Resources At 5 Aprll Z023 Unrestrlcted Funds General Fund 255,173 116 131,072 124,217 Total Funds 255,173 116 131,072 124,217 4. Transactlons wlth the Trustees No Trustee received any remuneration or reimbursement of expenses during the year. No Trustee or a person related to a Trustee had any personal Interest In any contract or transaction entered Into by the Charlty durlng the year,