## 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 

8 

The Morris and Sally Phillips Charitable Trust 

## Notes to the Financial Statements for the year ended 5 April 2025 

1. 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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3. 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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4. 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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