John
Looks like most of the chassis and body parts are tpresent which is a good start.
Unless they are hidden there is no engine or drive train.
The engine can be sourced, but you will need a Morgan specific front plate.
The issues will be the bell housing, Moss gearbox, and Sainsbury back axle.
Most of the suspension and brakes can be either sourced, or modern components modified to fit.
Wiring and electrical components will be challenging but not impossible
I would say that it is a project that will takes a decade or so, and a good chunk of that will be assembling the collection of parts you need.
However even if you/your friend do all the work yourselves do not underestimate the cost. As others have said it would possibly be cheaper to buy a complete car. Not as much fun of course, but starting with a complete car would save an enormous amount of time and money.
Let us know what you decide to do , or if we can provide you with anything else to help you decide which choice to make.
