THE MAURICE & PEARL ESTERKIN CHARITABLE TRU ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 MATRAVERS ACCOUNTANTS & BUSINESS ADVISERS ALTRINCAHM
THE MAURICE & PEARL ESTERKIN CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Trustee$ Annual R¢ ort forthe ear ended 5 A ril 2024 Higto ectiv8s and activities of the Trust The Charitable Trust was established on 18 February 1994. Both the initial donation and additional amounts donated since have been under terms which allow the Iruslees to either taIn the amounts as Capital or to spend them. The Trust deed gives the trustees the power lo apply the funds in such a manner as they think fil to or for the benefit of any charitable object or purpose. The trustees curren15y have a policy of supporting the following types of activity." religious organisations.. education or training, medicallhealth and relief of poverty. The trustees identify projects and organisations they wish to support and so the Trust does not make grants lo people or organisations who apply speculatively. The Trust also has a policy of not responding to any correspondence unless il relates lo grants it has agreed to make or to the general management of the Trust. ement and overnance arran Mana The trust deed provides for a minimum of 3 trustees. Wer8 there a requirement for new trustees. these would be identified and appointed by the remaining trustees. ements cedure5 and ollc The Irtsstees normally meet quarterly to consider what grants they will make and to review any feedback they have received. The trustees travel widely in the UK and abroad and use knowledge gained to support the work of the charity and to inform grant making. Though the trustees make some grants with no formal application, they normally ask invited organisaon$ to submll a formal application saying how the funds would be used and what would be achieved. The trustees have a policy, which is communicated to all beneficiaries, that they make only one off grants with no guarantees of future funding. The trustees always seek feedback on the actual use of the grants given and the achievements made, including those given lo individuals. The explanations and feedback received are sufficient for monitoring the quality of the grants made. The finanGial affairs of the charity are handled by the trustees. rant makin Achlevements and erformance of the Trust During the year the Trust has been able to continue ils support of its chosen beneficiaries. Financial revlew Investment ollc The Trust 8mploys Specialists as investment advisers and managers. The Trusl has chosen not to adopt fomi31 ethical investment policies. The net loutgoingllincoming soUrCes, after grants and operational expenses, of £15.73612023 £32,214) for the year was -1£1,2361, 12023- £9,714}. At the end of the financial year reserves were £71,694 around 54 months of grant expendlture. The adequaGy of the reserves policy is vieWed annually. and reserves
RICE&P ARL LST TE ENT RKIN CHARIY ABLE T UST AR ENDED S APRIL 2023 ci m•nt of t tee onslb Charfty Ixw requlres the tnjstees lo prepare ffnanGial 61alornents for each financial yèar whlch 6how a tru8 and fair view r>f thÉ State of affairs of tho Gharity and its financo13Btivitles for that peritjd. In preparlng those financlaS stslements, th¢ tru5tee5 are required to.. $èlect suita6 cOunting pJllcles and thpn apFqy them cons191endy; makejudgomentg and 85tirnats5 that are re880nable and pnjdent stglè whether applicable accounng standard5 and stat8ment$ of recommended praGllce have been followed. sublectto any departuros disclosed and explalned In the financial statements., and prapare lh8 financl81 statements on the gc4ng concern basi$ unless tt 1$ Inappropriate to presurna that the charty will conllnue in operational existence. Th8 trusteès are rÈspon$lble for keeplng proper accounlng retords whSch dlsclosé wlh reason801e accuracy at any tlme the financlal position of the charity 3nd lo en8ble them lo ensure that the fln8nc181 slalemenls comply with the CharilEs A¢t 1993. They are also responslble for s8feguarding the assets of the chartty and hence for laklng reasonable steps for the prevenbon and detecllon ol fraud and other 1rTegularlti. Sned on behalf of the trustees N J ESTERKIN 2L ..D8tad
THE MAURICE & PEARL ESTERKIN CHARITABLE TRUST FINANCIAL STATEMENTS F HE YEAR ENDED 5 APRIL 024 Independent examinerfs Report to the Trustees of The Maurice & Pearl Esterkin Charitable Trust. We report on the accounts of the Trust for the year ended 5 April 2024. which are set out on pages 4 to Re$pectlve re8pon$ibilltles of trustees and exarnln8r The Charity's trustees consider that an audit is not required for this year (under section 4312} of the Charitie5 Act 1993 (the Act) and that an independent examination is needed. It is our responsibility to.. examine the accounts{under se¢tlon 43 of the Act).. to follow the procedures laid down in the General Direction$ given by the Charity Commissionlunder section 4317llb} of the Act)., and lo stsle whether particular matters have come to my attention. Basis of th¢ Independent examlner'$ report. Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a compartson of the accounts presented with those records. It also includes consideration of any unusual terms or disclosures in the accounts, and seeking explanations from you as trustee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audil, and consequently we do not express an audit opinion on the view given by the accounts. Independent examiner's statement In the course of our examination, no matter has come to my attention.. which givgs us reasonable cause to believe Ihat in, any material respect, the trustees have not met the requirements lo ensure that.. proper ac¢ounting records are kept lin accordance with section 41 of the 1993 Act)., and accounts are prepared which agree with the accountsng reGords and comply with the accounting requirements of the Act,. or lo which, in our opinion. attention should be drawn In order to enable a proper understanding of the accounts to be reached. (1) 121 Matravers Accountsnts & Business Advisers ..Date Bridgewater House Century Park Caspian Road Altrincham Cheshire, WA14 SHH
The Maurice and Pearl Erterkin Charltable Trust Statement of flnanclal activities for the year ended 5 April 2024 Unrestricted fund5 Endowment fund Total funds Total funds 2024 2023 Notes Incoming resources Voluntary income.. donations 14,500 14,500 22,500 Investment income 14,500 14,500 22,500 Resources expended Charitable activities Religious organisations Medicallhealth Educationltraining Relief of poverty Sub-total 5,324 1,378 2.122 5,910 14734 5,324 1,378 2.122 5,910 14.734 4,648 4,682 13,375 8,405 31,110 other Expenditure Misc Cost Total resources expended 1104 32,214 1002 15,736 1,002 15,736 Net Ilncoming I loutgoingl resources -1,236 -1,236 -9.714 Other recognised gains/105ses SurplusllDeficitl on revaluation of inve5tmen1 Net movement in fund5 12,569 11,333 12,569 11,333 2,119 -7,595 Reconclliation of funds Total funds brought forward 62,713 62,713 70,308 Total fund5 carried forward 74,046 74,046 62,713
The Maurice and Pearl Esterkln Charltable Trust Statement of assets and Ilablllties as at 5 April 2024 2024 2023 Notes Flxed Assets Investments 73,095 60,426 Current assets Cash at bank and in hand Net current assets 951 2,287 951 2,287 Net Assets 74,046 62,713 Represented by.. Unrestricted Fund Endowment Fund Total funds 71,694 2.352 74,046 60,215 2,498 62,713
THE MAURICE & PEARL ESTERKIN CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRI 2024 to the Accounts Note Accounting policies In preparing the accoun15 the followng accounting policies have been Complied with.. The accounts have been prepared on the histOTiG cost convention with the exception that investsnents are valued al market value. The accounts are in accordance with applicable accounting standards, the Charities SORP 2005 (Accounting and Reporting by Charities) and comply with the Charities IAc¢ounls and Reports) Regulations 2005 issued under the Charities Act 1993. Investment income is recorded when re¢eived. bl Expenditure on grants is recorded once the payment has been made. Other expenditure is included in the accounts once the payment has been made. dl Any costs associated w.h the sala or purchase of invesbnents is accounted for as part of the sale or purchase pri¢e of the investments. Quoted investments have been valued al market value at the balance sheet dale. gl Unrealised and realised investment gains and losses a shown net in the statement of financial activities. Taxatlon The Trust is a registered charity and accordingly is exempl from taxation on its income and gains where they are applied for eharitable purposes, Investment Income has arisgn as foll0v. Source of Investment Income 2024 2023 Listed Investments Total Related party transa¢tlons None of the trustees were paid any remuneration or expenses by the charity during the year 12023- none), Anolysls of charltable expendituro The charity did not undertake any activity directly but met its charitable purposes by making grants. Grants made by the Trust fall into four activity groups. The total amount of grants paid, analysed in relation to each activity group, is detailed Dn page 4 of the accounts.
THE MAURICE & PEARL ESTERKIN CHARITABLE TRUST INANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Notes to the Accounts Analysls of tho nat movement in fund This statement shows how the net movement in funds relates to the change in net resources available to finance future charitsble expenditure, after taking a¢count of resources released or Icommittedl to.. fixed assets, programme related investments fvrthering the charity's objects, and endowment funds recewed, whiGh are not available to spend as in¢ome. Unrestrlcted fund$ Endowment fund8 Total Net Movement in funds Add deGrease in endowment capital 11,479 11,479 111,333} 111,333) Change in resources available to spend 11.479 {11,333) 146 Fixed as$ets- investments All investments were held in the UK and were as follows.. Investmonts-End¢)wment funds 2024 2023 Li$led investments Stocks and Sha$ 73.095 60,426 Movement in flxed asset investments were: 2024 Carying value (market value) at beginning of year Add.. additsons and revaluation 80,426 12,669 Carrying value (mart(et value) at end of year 73,095