THE EMERALD CHARITABLE
TRUST
ANNUAL REPORT
& FINANCIAL STATEMENTS
FOR THE YEAR ENDED
TH
30 JUNE 2021
CHARITY NUMBER- 1062594

THE EMERALD CHARITABLE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 30TH JUNE 2021
The Trustees present their annual report and financial statements of the charity for the year
ended 30th June 2021.
The financial statements have been prepared in accordan￿ with the charity's trust deed,
the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
OBJECTIVES AND ACTIVITIES
The Trust has been established to make grants for charitable purposes. Grants are only
made to charities known to the settlor and unsolicited applications are therefore not
considered.
Public Benefit
The trustees have given consideration to the Charity Commission guidance on public
benefit.
ACHIEVEMENTS AND PERFORMANCE
Investments have been managed throughout the year by the Investment Managers, with
performan￿ being monitored by the Trustee. The Trust has therefore been able to maintain
its grant-making programme.
FINANCIAL REVIEW
Total income of £265,714 (2020.. £2,878) was received during the year. This funded grants
of £1,00012020.. £6,000) to charitable organisations. Capital investments were valued at
£108,350 (2020. £94,765) at the year end.
Reserves Policy
The trust deed permits the spending of capital; the trustee has, however, agreed lo retain
the capital for the time being and to invest it to produce income to make grants. The trustee
is managing the resetves to balance the needs of current and future beneficiaries. It is not
anticipated that the needs of beneficiaries will diminish over time.
Investment Policy and Powers:
The Trustee has the power of investment conferred by the Trustees Act 2000. The
investment strategy is set by the trustees and takes account of re￿nt demands for funds
and an assessment of expected future needs (see Reserves Policy). The investment policy
and strategy are reviewed with the investment manager at regular intervals. The investment
objective is to maintain, overall. the real value of capital and income.
Risk Management:
The main risks to which the charity is exposed as identified by the Trustee have been
considered and systems have been established to mitigate those risks.

THE EMERALD CHARITABLE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 30TH JUNE 2021
Plans for The Future
The objectives remain unchanged for the future,. the intention is for continued investment
management on a consistent basis and distribution of income to charitable organisations.
Structure, Governance and Management
The Trust was established by a Trust Deed dated 25th March 1997, charity number 1062594
and is administered by its corporate Trustee, Liverpool Charity and Voluntary serVi￿S.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
The Emerald Charitable Trust
Charity number
1062594
Principal Office
LCVS
151 Dale Street
Liverpool
L2 2AH
Liverpool Charity and Voluntary Services (LCVS),
corporate trustee, which is incorporated under the
Companies Act as a company limited by guarantee without
share capital as company number 181759, a registered
charity, number 223485, and a charitable Trust Corporation.
LCVS trustees, who are also its directors, were as follows
during the year.
Heather Akehurst
Sonia Bassey MBE
Mike Thomas
Heather Akehurst
Dorcas Akeju
Sonia Bassey MBE
Maxine Ennis
Jonathan Hesketh
Ken Perry
John Price
Michael Salla
Louise Scholes
Gemma Shone
James Sloan
Mike Thomas
Sue Williams
Neil John Sturmey
Henry Terefenko
Trustees
Chair
(Resigned 25th November 2021)
(Appointed 25th November 2021)
Treasurer
(Resigned 25th November 2021)
(Resigned 16th November 2021)
(Appointed 20th September 2022}
(Resigned 23rd June 2022)
(Resigned 27th July 2022)

THE EMERALD CHARITABLE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 30TH JUNE 2021
Investment Manager
Investec Wealth & Investment
100 Old Hall Street
Liverpool
L3 9AB
Independent Examinor
Anna spen￿r-GraY
RSM UK Tax and Accounting Limited
20 Chapel Street,
Liverpool, L3 9AG

THE EMERALD CHARITABLE TRUST
TRUSTEE'S RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustee is responsible for preparing a trustee's annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally A¢￿pted Accounting Practice). The law applicable to charities
in England and Wales requires the charity trustee to prepare financial statements for each
year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources, of the charity for that period. In preparing the
financial stalements, the trustee is required to..
select suitable accounting policies and then apply them consistently.,
• obSe￿e the methods and principles in the applicable Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any
material departures that must be disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charty will continue in business.
The trustee is responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities (Accounts and Reports) Regulations. and the provisions of the Trust deed. It is
also responsible for safeguarding the assets of the charity and taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Approved by the Trustee and signed on its behalf by
Mike Thomas
Trustse

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
THE EMERALD CHARITABLE TRUST
I report to the trustee on my examination of the accounts of The Emerald Charitable Trust
('the charity'l for the year lo 30th June 2021, which are set out on pages 7 to 13.
Responsibilities and basis of report
As the tiustee of the charity, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the 2011 Act,).
I report in respect of my examination of the charity's accounts carried out under sedion 145
of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145 (5)Ib) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be
required in an audit and consequently does not cover all the matters that an auditor
considers in giving their opinion on the accounts. The planning and conduct of an audit
goes beyond the limited assurance that an independent examination can provide.
Consequently, l express no opinion as to whether the accounts present a 'lrue and fair
view, and my report is limited to those specific matters set out in the independent
examiner's statement.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me reasonable cause to believe that in
any material respect:
1. accounting records were not kept in respect of the charity as required by section
130 of the 2011 Act., or
2. the accounts do not accord with those records., or
3. the accounts do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities {Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a 'true and
fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Name..
Anna Spencer-Gray
Name of applicable listed body: The Institute of Chartered Accountants in England and
Wales
Relevant professional qualification or body.. Chartered Accountant
ON BEHALF OF RSM UK TAX AND ACCOUNTING LIMITED
Chartered Accountants
20 Chapel Slreet
Liverpool
L3 9AG
Date..
21102123

THE EMERALD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2021
Unrestrictsd Funds
Capital
Funds
2021
Notes
Income
Funds
2021
Total
2021
Totsl
2020
Income from:
Donations and legacies
Other trading activities
Investments
2a
2b
262,500
685
2,529
262,500
685
2,529
2,878
Total income
265,714
265,714
2,878
Expenditure on:
Raising Funds
Charitable activities
2,625
2,177
2,625
2,177
6,144
Totsl expenditure
4.802
4.802
6,144
Net income and net
movement in funds before
gain on investments
260,912
260.912
(3,266)
Net gainl(loss) on investment
assets
13,585
13,585
(7,607)
Net movement in funds
260,912
13,585
274,497
(10,873)
Reconciliation of funds.-
Total funds brought forward
13,075
94,765
107,840 118,713
Total funds carried fO￿ard
273,987
108,350
382.337
107,840
The notes on pages 9 to 13 form part of these accounts.

THE EMERALD CHARITABLE TRUST
BALANCE SHEET AS AT 30TH JUNE 2021
Notes
30thJune 2021
30th June 2020
Fixed Assets
Investment Property
Investments
262,500
108,350
94,765
370,850
94,765
Current Assets
Cash balance
14,591
13,219
Current Liabilities
Creditors
(3,1041
(144)
Net Current Assets
11,487
13,075
Net Assets
382,337
107,840
The funds of the charity:
Unrestricted Funds:
Capital Funds
Income Funds
108,350
273,987
94,765
13,075
382,337
107,840
Approved and authorised for issue by the Trustee and signed on its behalf by
Mike Thomas, Trustee

THE EMERALD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021
1. Accounting Policies
Basis of Accounting
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant notels) to
these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practice.. Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS102) (SORP 2019) and the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS102) and Charities Act
2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The accounts are prepared in sterfing, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying
FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going Concern
At the time of approving the accounts, the trustee has reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable
future. Thus, the trustee continues to adopt the going concern basis of accounting in
preparing the accounts.
Investments Property
Investment property is held at fair value, valuation carried out by an independent
surveyor. The fair value will be reviewed every 4 or 5 years to ensure it is reported
appropriated in the accounts.
Investments
In accordance with Statement of Recommended Practice.. Accounting and Reporting by
Charities {SORP 2019), investments held as fixed assets are stated at fair value.
Realised and unrealised gains and losses are dealt with as movements on the Capital
Fund. Investments are valued at the mid-market pri￿ on the valuation date.
Fund accounting
Unrestiicted funds are considered 'free' resetves and are available for use or retention at
the discrelion of the Trustees, in accordance with the charity's objectives. Free reserves
are undesignated funds available for the furtherance of the general objectives of the
charity.
Income recognition
Income from investments comprises dividend income and interest and are accounted for
when received in the financial year. Donations are recognised at the earlier of notification
or date of receipt, in the case of the third-party donations and legacy income when
re￿iVed by the organisation.
Donations and legacies comprise of donations which are recognised in the accounts
when received, with the exception of known legacies which are accounted for when their
receipt is certain.

THE EMERALD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021
Other trading income relates to rental income and is recognised when the amount is
certain.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation committing the charity to that expenditure, it is probable that settlement will be
required, and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support and
governance costs, are allocated or apportioned to the applicable expenditure headings in
the statement of financial activities.
Raising funds costs relate to expenses incurred in the management of the investment
assets. Charitable activities include grant funding, along with associated support costs, to
beneficiaries. These are dealt with in the Statement of Financial Aclivities when payment
has been approved by the charity. Governan￿ costs relate to compliance with
constitutional and statutory requirements and specifically include all costs incurred by the
charity in producing the Annual Report.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balan￿ sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts
and there is an intention to settle on a net basis or to realise the asset and settle the
liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction cosls and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of
interest. Financial liabilities classified as payable within one year are not amortised.
io

THE EMERALD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or
are discharged or can￿lled.
Taxation
The charity benefits from various exemptions from taxation afforded by tax legislation and
is not liable to corporation tax on irlcome or gains falling within those exemptions. Partial
recovery is made of tax credits on UK dividend income. The charity is not able to recover
Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
Critical Accounting Estimates and Judgements
In the application of the charity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and
liabilities that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised
where the revision affects only that period, or in the period of the revision and future
periods where the revision affects both current and future periods.
2. Income and endowments from:
Income
Funds
2021
Capital
Funds
2021
Total Total
2021
2020
a. Donations and Legacies
Property donation
262,500
262,500
b. Other trading activities
Rental income
685
685
. Investments
Investments dividends and interest
2,529
2.529 2,878

THE EMERALD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021
3. Expenditure on charitable activities:
Direct
Support& Total Total
Charitable Governance
2021
2020
Expenditure
Costs
To make grants for charitable
purposes.
1,107
1,070 2,177 6.144
Analysed as follows..
2021
2020
Direct charitable expenditure..
Grant funding
Grant making administration costs -
LCVS
1,000
107
6,000
96
1,107
6,096
2021
2020
Support & Govemance costs..
Independent examination
Administration - LCVS
Insuran
Legal fees
318
54
204
494
48
1,070
48
Total expenditure on charitable
activities
2,177
6,144
During the year the following grants were made=
2021
2020
Grants to organisations of £1,000
and over
Open Hearts and Minds
5,000
5,000
1,000
Other grants
1,000
1,000
6,000
12

THE EMERALD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021
4. Investment Property
A property at 8 Clifton Avenue, Eccles, M30 9QU was donated to the charity on
25th March 2021, recognised at the average market valuation of £262,500. The
average market value was calculated from the valuation provided by Roberts and
Roberts (Property Consultants) Limited of £250,000 and the Aspire Chartered
Surveyors £275,000 at the time of the donation.
5. Fixed Asset Investments
2021
2020
Quoted Investments:
Market value at 181 July 2020
Unrealised gainl{losses) on
investment assets
94,765
13,585
102,372
(7,607)
Market value at 30th June 2021
108,350
94,765
Book value at 30th June 2020
70,373
70,373
The trust holds 1000/0 of its fixed asset investments in a Charity Commission
approved pooling scheme, the Settlors, Trust Fund (STF), administered by
Liverpool Charity and Voluntary Services and, at the balance sheet date,
managed by Investec Wealth & Investment. At 30th June 2021, the assets of the
STF fund had a total market value of £33,037,531 (2020.. £28,526,494) of which
£108,350 (2020.. £94,765) is an asset of the trust.
6. Creditors
2021
2020
Administration - LCVS
Independent examination fee
2,786
318
144
3,104
144
7. Unrestricted Funds
Income Fund.. Investment income and donations received for distribution as
grants to charitable voluntary organisations.
Capital Fund: Funds held provide income for the ongoing activities of the trust.
8. Related Party Transactions
Charitable activities.. these include £107 (2020.. £96) grant making administration
costs payable to LCVS. Support and governance costs include £161 (2020:
£144) payable to LCVS in respect of accountancy and trust administration, and
the investment administration fee of £2,625 in respect of the propety donation.
LCVS is related to the Trust by virtue of being the corporate trustees.
13