##
##
||||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|
##