Account of the Intromissions of the Trustees of The Albert Morris Charitable Trust For the period 1 St April 2024 to 31 $1 March 2025 2025 TRUSTEES- Scottish Charity Number SC050468 CSKIMOR197111
The Albert Morris Charitable Trust Trustees, Re The Trustees submrt their report with the acCoUs for the period ended 31 M8rch 2QS The Trust was eslatslLshed oy Mrs Teresa Ealon Moms in memory of ner hust)and tth late Albert Morris by Deed of Trust dated 11:, September 2020 Flsnd is hekj and adminislered b rts Trustees The resent Trustees are Appolntment of Trustees New Iru51ees maybe assumed by the e5]ing trustees under the Deed of Trusl. The TrUeeS at the date of this port and throughout the period are not. Organisation The trust is admlnistered under the sutErvision of the Trusiees, who will meet per Day ta day administration is c4rried by the Trust's solicrtors. cally. Risk Manag&mt The Trustees have assessed Ihe major risks to which Ihe Trust is exposed, in particular those related lo the operations and finances of the Trust.and are satisfied that systems are in place to mrtb3ate Iheir exposure io ihe major nsks. Charitable purposes The Obje of the Trust as set out in its Trust Deed is Ihe payment ol grants to Edinbthrgh Napier Universrty (SC018373) and The Universrty 01 Edinburgh(SC005336) to fund the awany of bursaries to underoraduate or posioraduate students ai (1) Edinburgh Napier Universrty in their first and subsequent years of study for the Undergraduate 8A Honours in Joum81ism or the Postgraduate MA in Journalism and (2) The universrty of Edinburuh in Iheir first and subsequent years of study for the Undergraduate MA Honours in En lish Language and Lrteralure or a Postgraduale taught M8Sters (MSC) Programme or Ph in the Department of English Ltterature. Achievements and perfomiance The tru51ees, throuoh their Solicttors, Lindsays LLP, Caledonian Exchange,19A Canhino Street, Edinburgh administer the funds held by Ihern, collect income and will make payments of grarts in accordance wrth the ter of the trust deed. The financial posilion of the Trusi is as disclosed in the accounts. The Trust is a charrty and is recognised as Such by the Inland Revenue for taxation purposes. The Inland Revenue charity number s SC050468. As a re5un there is no liabilrty to taxaiion on any ol Ihe Trust income. Approved by Ihe Truslees and signed on their behalf b
The Albert MolS Charitable Trust Account for year to 31 sl March 2025 CAPITAL Credit balance at the close of last account i ob,000.00 Credit balance at the close of this account i (x),000.00 of which, Investments at book cost: Market Value £ 106,605.73 ai 31103125 i(*J,000.00 0.00 REVI.NUE Credit balance at the close of last account Gift Aid payment from Mrs Teressa MolS Gift Aid Tax Repayment Investment Income 50,897.27 25,000.00 6,250.00 8,085.87 90,233.14 Deduct: Donation Administration Agents's Fees 28,000.00 30.00 690.00 28,720.00 Credit balance at the close of this account 1,513.14 1,513.14 Represented by: Lindsays Funds 1,513.14
The Albert Morris Charitable Trust Receipts & Payment Account for the year to 31 March 2025 2025 2024 Receipts Gift to Trust Investment Income Gift Aid Repayment 25,000.00 8,085.87 6,250.00 25,000.00 7,302.33 6,250.00 39,335.87 38,552.33 Proceeds from sale of investments 0.00 0.00 Total Receipts 39,335.87 38,552.33 Payments Donation Administration Expenses Agent's Fees 28,000.00 30.00 690.00 28,000.00 30.00 614.40 Total Payments 28,720.00 28,644.40 Surplus l (deficit) for year 10,615.87 9,907.93
The Albert Morris CharitableTrust Receipts & Payment Account for the year to 31 March 2025 2025 2024 Investments Opening balan 100,000.00 100,000.00 Book Cost as at 31 March 2025 100,000.00 100,000.00 Market Value at 31st March 2025 106,605.73 102,237.03 Bank and cash in hand Opening balances Lindsays 50,897.27 40,989.34 50,897.27 10,615.87 40,989.34 9,907.93 add= Surplus l (deficit) Closing balance 61,513.14 50,897.27 Represented by: Lindsays Funds 61,513.14 50,897.27 61,513.14 50,897.27 All funds are unrestricted. Approiied by the TrLlStees 3nd signed on their behalf
LtNDSAYS WS - STOCKS & SHARES - The Albert Morris Charitable Trust MOR197111 Shares at Book Value at 31103125 -Book values-__ Purchases/ (Sales) No. of shares Opening Closing Market Value M&G Equitics Investment Funds for Charities (Charifunds) Inc 7.021.388 ioo.000.00 ioo,000.00 31103125 revaluation of shares 106.605.73 7,021.388 100,000.00 100,000.00 106,605.73 Totals
Appendices Revtnue Gift to 'I'nl 13-May-2024 Gift Aid palerIt from Mrs Teresa Morris 25,OIKI.00 Income Charifund 31-Vay-2024 7021388 Linits 12-Scp-2024 7021.388 Unils 27-Dec-2024 7021.388 Uniis 04-Mar-2025 7021.3811 Units 1,720.24 1,439.38 2,211.74 982.99 6 354.35 Donaiion 21-Jun-2024 Edinburgh Napier Unii'ersity Development Trust 28.000.00 Lindsa 5 Funds 03-Jul-2024 Paen1 in lieu of clieni gross interest due for the period IMIOZ122 and 30106124 02-Oct-2024 Pa)Then( in lieu of clienl 0s5 interesi due for the F>eriod 04102122 and 30,'09124 03-J8n-2025 Paymenl in lieu of clienl 055 InreSt due for the period 0410ZQ2 and 31,'12124 31-Mar-2025 Payment in lieu of client gross intcrc5t due for the period 04102122 and 31103125 505.77 414.94 418.97 391.84 1731.52 'ft A]dT Re 19-AbJg-2024 Repayment of l ax Inertt 6 250.00 Adrniiiislration l-Jun-2074 mination fee for 2024 30.00 Fees 31-Mar-2025 Ag¥nts Fee 31-Mar-2025 v at 20Yo 575.00 115.00 690.00
NOTES 1 The Investments are shown in the account at valuation. 2 JnGome from Inve.s.tments is Gredited to the Income and Expenditure account in the year in which it is received. 3 No Committee Member received any remuneration during the period (2024 none).
Independent Examine¢8 Report to the Trustees of The Albert Morris Charitable Trust I report on the accounts of the Chanty for the year ended 31 si March 2025 The Gho.rily's.twslp.e,4 are. re%nSible for the preparation of the accounts in accordance with the temis of the Charilies and Tnjstee Investment (Scollandl Act 2005 and the Charrlies Accounts (Scotland) Regulations 2008. The charity truslees consider that Ihe audil requirement of Regulation 10{1) (d) of the Accounts Regulaiions does not apply. 11 is my responsibility lo examine the accounts as required under section 44(1)c) of the Act and to slat8 whether particular matters hsve come to my allention. My examlnation is carried out in accordance wilh Regulation 11 of the Chartties ALwuiil¥ (SLutlai)d) ReyuSdli0iis 2006. Ali tjxaiiiiiialiOIl iiicludv¥ a i eview ul Ihe accounting records kept by Ihe charity and a compsrison of the 8ccounls presented with those records. It also Includes consideration of any unusu81 items or disclosures in the 8ccounls, and seeks explanations from the trustees conceming any such matters. The procedures undertaken do not provide ali the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. In the course of my examination. no matter has come to my altention 1 which oives me feason8ble cause to believe Ihat In any maierial respect the requirements: (a) to keep accounling records in accordance wilh Sedion 44(1) (a) of the 2005 Act and Regulation 4 of the 2008 Accounts Regulations, an (b) lo p.pare. AC.c.oiinls whic.h ac.r,ord with Ihe. ac.c,oiinling rp.cords and comply wilh Regulation 9 of the 2006 Accounts Regulations have not been met, or 2 to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached. Date: 12 J£u£ Z025