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2022-12-31-accounts

			The Lofthouse	Foundation	Foundation	Foundation
			Reference and Administrative			Details
Charity	name		The Lofthouse Foundation
Charity	registration	number	1038728
Principal	office		c/o Lofthouse of Fleetwood,		Maritime Street, Fleetwood,
			Lancashire, FY77LP
Trustees			Mr DC Lofthouse
			Mrs LM Lofthouse
			Mr KM Ryan
Auditors			Jones Harris Limited, Statutory Auditors, 17St Peters Place,
			Fleetwood, Lancashire,	FY7	6EB

				2022	2021
				Totalfunds	Total Funds
			Note	6
Incoming end Endowments		From
Donations and legacies				44,274,893	174,712
Commercial trading	activities			33,641,384
Investments				37,734
Other items				486,828
Total				78,440,839	174,712
Resources expended
Commercial trading	activities			32,844,348
Charitable activities					50,000
Governance costs				6,420
Total				32,850,768	50,000
Other recognised gains/loses
(Losses)/gains on investments				(8,576,468)	8,576,468
Net movements in	funds			37,013,603	8,701,180
Reconciliation offunds
Total funds brought	forward			39,874,211	31,173,031
Total funds carried	forward			76,887,814	39,874,211
Plus Non-Controlling	Interest	at Acquisition		28,233,637
Total Consolidated	Funds			105.111,451
Movement attributed to
Controlling party				36,588,677
Non-controlling interest				424,926
Total Movement in	Funds			37,013,603

					2022	2021
					Total Funds	TotalFunds
				Note	6
Fixed Assets
Intangible assets				9	9,952,138
Tangible assets				10	47,836,691	163,410
Investments				11		39,574,468
Investment property				12	609,550
Total					58,398,379	39,737,878
Current Assets
Stock				13	10,446,768
Debtors				14	7,352,930
Current investments				15	5,000,000
Cash at bank					35,115,858	136,333
Total					57,915,556	136,333
Creditors
Amounts falling	due within		one year	16	(7,398,225)
Net Current Assets					50,517,331	136,333
Total Assets Less Current			Liabilities		108,915,710	39,874,211
Provision for Liabilities				17	(3,794,259)
Net Assets					105,121,451	39,874,211
Total Unrestdcted		Funds		18	105,121,451	39,874,211
Attributed to
Controlling PartY					76,462,888
Non-controlling	interest				28,658,563
Total funds carried		forward			105,121,451

			2022	2021
			TotalFunds	Total Funds
		Note	E
Fixed Assets
Tangible assets		10	163,410	163,410
Investments Total		11	76,774,468 76,937,878	39,574,468 39,737,878
Current Assets
Debtors			250
Cash at bank Total			7,210,555 7,210,805	136,333 136,333
Creditors
Amounts falling due within one year			(6,000)
Net Current Assets			7,204,805	136,333
Total Assets Less Current Uabilities			84,142,683	39,874,211
Net Assets			84,142,683	39,874,211
Total Unrestricted	Funds	18	84,142,683	39,874,211

			The Lofthouse Foundation	The Lofthouse Foundation
			Consolidated	Cash Flow Statement
			Forthe Year	Ended 31December 2022
				2022
			Note
Cash Flow From Operating		Activities
Cash generated from operations				7,584,904
Tax paid				990,222
Net Cash From Operating		Activities		8,575,126
Cash Flow From Investing		Activities
Purchase of intangible assets				(25,747)
Purchase offixed assets				(629,241)
Sale offixed assets				17,069
Interest received				59,112
Net Cash From Investing	Activities			(578,807)
Cash Flow From Finandng		Activities
Current asset investment				(5,000,000)
Dividend paid				(2,000)
Share issue				(10)
Introduced by directors				2,000
Withdrawn by directors				(147,037)
Net Cash From Financing	Activities			(5,147,047)
Change in cash and cash equivalents				2,849,272
Net cash on acquisition				32,130,253
Total increase in cash balance				34,979,525
Cash at 1January 2022				136,333
Cash at 31December 2022				35,115,858

	2022	2021
	E	f
Income from Legacies	44,274,893	124,712
Income from Donations		50,000
Sales ofGoods	33,641,384
Interest Received	37,734
Foreign Exchange Gains	460,600
Sundry Income	26,228
	78,440,839	174,712

4.Expenditure	on Com	merci	al Trading Activities
				2022	2021
				E	E
Cost ofSales				17,365,395
Direct Staff Costs				5,465,877
Direct Utilities				1,317,146
Direct Depreciation				1,962,437
Commission				2,764,366
Distribution Costs				271,899
Distribution Depreciation				18,912
Administration	Staff Costs			2,491,885
Administration	Costs			404,577
Administration	Utilities			117,274
Administration	Amortisation			15,232
Administration	Depreciation			42,065
Legal & Professional				372,945
Deferred Tax				150,364
Dividends				2,000
Loss on Sale ofTangible		Fixed Assets		(9,220i
Bank Charges				3,229
Auditors Remuneration				51,925
Auditors Remuneration		non Audit Work		36,040
				32,844,348
5.Expenditure	on Charitable		Activities
				2022	2021
				E	E
Grant to Fylde	Coast YMCA				50,000
					50,000
6.Governance	Costs
				2022	2021
				E	E
Auditors Remuneration				6,000
Auditors Remuneration		non Audit Work		420
				6,420

The avera	ge number ofemployees during the year w	as as follows:
		2022	2021
Production	Staff	272	265
Office and	Management	58	69
		58	69
Directors	remuneration:
		2022	2021
		E	E
Directors	remuneration	109,541
		109,541

9.Intangible Fixed Assets Group Balance Sheet
	Goodwill	Trademarks	Total
Cost
Additions	9,826,867	140,503	9,967,370
Amortisation
Charge for Year		15,232	15,232
Net Book Value
At 31December 2022	9,826,867	125,271	9,952,138
At 31December 2021

	Freehold	Assets Under	Plant and	Fixtures and	Motor
	Property	Construction	Machinery	Fittings	Vehicles	Total
Cost
At 1January 2022	163,410					163,410
Additions	15,320,775	4,993,229	29,089,483	252,313	40,895	49,696,695
Reclassifications		(245,936)	241,902	4,034
At31December 2022	15,484,185	4,747,293	29,331,385	256,347	40,895	49,860,105
Depreciation
Charge for Year	271,685		1,653,508	97,851	370	2,023,414
Net BookValue
At 31December 2022	15,212,500	4,747,293	27,677,877	158,496	40,525	47,836,691
At 31December 2021	163,410					163,410
Charity Balance Sheet
	Freehold
	Property	Total
Cost
At 1January 2022	163,410	163,410
Additions
Reclassifications
At 31December 2022	163,410	163,410
Depreciation
Charge for Year
Net BookValue
At 31December 2022	163,410	163,410
At 31December 2021	163,410	163,410

12.Investment	Property
Group Balance	Sheet
Fair Value
Additions		609,550
At 31December	2022	609,550
Net BookValue
At 31December	2022	609,550
At 31December	2021

13.Stock Group Balance Sheet
	2022	2021
	6
Raw Materials	8,738,229
Finished Goods	1,708,539
	10,446,768
14.Debtors
Group Balance Sheet
	2022	2021
	6	6
Trade Debtors	6,108,555
Other Debtors	808,954
Prepayments	435,421
	7,352,930

Group Balan	ce	Sheet
				2022	2021
				E	E
Trade Creditors				5,618,185
Taxation and	Social Security			266,591
Other Creditors				1,513,449
				7,398,225
17.Provision	for Liabilities
Group Balance		Sheet
				2022	2021
				E	E
Deferred Tax				3,794,259
18.Movement		in Funds
Group Balance		Sheet		Net
			At 1/1/22	Movement	At 31/12/22
			E	E	E
Unrestricted	Funds
General Fund			39,874,211	65,247,240	105,121,451
Total Funds			39,874,211	65,247,240	105,121,451

Net Movemen	t in funds is a	s follows;
		Incoming	Resources	Investment	Acquisition of	Total
		Resources	Expended	Revaluation	NCI	Movement
Unrestricted	Funds
General Fund		78,440,839	(32,850,768)	(8,576,468)	28,233,637	65,247,240
Total Funds		78,440,839	(32,850,768)	(8,576,468)	28,233,637	65,247,240

18.Movement	18.Movement	in Funds	No Continued. ..	tes to the Accounts
Charity Balance		Sheet			Net
				At 1/1/22	Movement	At 31/12/22
				E	E	f
Unrestricted	Funds
General Fund				39,874,211	44,268,472	84,142,683
Total Funds				39,874,211	44,268,472	84,142,683
Net Movement		in funds	is as follows:
				Incoming	Resources	Total
				Resources	Expended	Movement
Unrestricted	Funds
General Fund				44,274,892	(6,420)	44,268,472
Total Funds				44,274,892	(6,420)	44,268,472