The Morris and Sally Phillips Charitable Trust
Receipts and Payments Account for the year ended 5 April 2025
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|
|Funds|Funds|Total|Total|
|Note|2025|2025|2025|2024|
|£|£|£|£|
|Receipts|
|Bank|&|Deposit|interest|1,161|-|1,161|1,056|
|Gift|from|Mrs.|SM|Philips|60,549|-|60,549|60,000|
|Total|Receipts|61,710|-|61,710|61,056|
|Payments|
|Charitable|Donations|87,000|-|87,000|81,000|
|Bank|fees|71|-|71|73|
|Accountancy|Fee|390|-|390|-|
|Total|Payments|87,461|-|87,461|81,073|
|Excess|of Payments|over|Receipts|for the|year|(25,751)|-|(25,751)|(20,017)|
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The Morris and Sally Phillips Charitable Trust
Statement of Assets and Liabilities as at 5 April 2025
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|---|---|---|---|---|---|---|
|Unrestricted|Restricted|
|Funds|Funds|Total|Total|
|Note|2025|2025|2025|2024|
|£|£|£|£|
|Cash|Funds|
|Current|Accounts|36,978|-|36,978|18,678|
|Deposit Accounts|41,470|-|41,470|85,5214|
|Total|Cash|Funds|78,448|-|78,448|104,199|
|Net Assets|78,448|st|78,448|104,199|
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On Behalf of the Trustees
EMH Phillips Chairman of Trustees
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The Morris and Sally Phillips Charitable Trust
Notes to the Financial Statements for the year ended 5 April 2025
- Accounting policies
Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities
-
(a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis.
-
(b) Statement of Assets and Liabilities - Cash on Deposit Monies on deposit with banks and building societies are recorded at cost.
2. Reconciliation of Cash Funds
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|---|---|---|---|---|---|---|---|
|£|
|Total|Cash|Funds|at|Beginning|of the|year|104,199|
|Receipts|for the|Year|61,710|
|Payments|for the|Year|(87,461)|
|Total|Cash|Funds|at|end|of the|year|78,448|
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- Movement in Funds
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|---|---|---|---|---|---|---|---|
|At|5|April|Incoming|Outgoing|At|5|April|
|2024|Resources|Resources|2025|
|£|£|£|£|
|Unrestricted|Funds|
|General|Fund|104,199|61,710|87,461|78,448|
|Total|Funds|104,199|61,710|87,461|78|448|
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- Transactions with the Trustees
There was a gift received from a trustee of £60,549 in the current year. In the previous year there was a gift received from a trustee of £60,000.
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