# 



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|Trustees||Mrs LA C Dodd BA(Hons) Chartered|Mrs LA C Dodd BA(Hons) Chartered|Mrs LA C Dodd BA(Hons) Chartered|
|---|---|---|---|---|
|||FCSI (Chair)|||
|||Mr M R Feeny LLB|||
|||Mr H E R FitzHerbert||BA(Hons)|
|||PGCE|||
|||Dr J K Moore OBE FRCA MBA|||
|||Mr Edward|Rice FRICS||
|||Mrs Kirsten|Pankhurst||
|||Mr P RVicars MA|||
|||Mr AJ Cross LLB(Hons)|||
|||Mr M R Cashin<br>MA|||
|Charity number||1068650|||
|Auditor||McLintocks|(NW) Limited||
|||46 Hamilton|Square||
|||Birkenhead|||
|||Wirral|||
|||Merseyside|||
|||CH41 SAR|||
|Bankers||National<br>Westminster||Bank Pic|
|||2 Grange Road West|||
|||Birkenhead|||
|||Wirral|||
|||Merseyside|||
|||CH414DF|||
|Solicitors||DWF LLP|||
|||5St Paul's|Square||
|||Old Hall Street|||
|||Liverpool|||
|||Merseyside|||
|||L3 9AE|||
|Investment|advisors|Rathbone|Investment|Management|
|||Port of Liverpool|||
|||Pier Head|||
|||Liverpool|||
|||Merseyside|||
|||L3 1NW|||





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||||Page|
|---|---|---|---|
|Trustees'|report||1-2|
|Statement|oftrustees'|responsibilities||
|Independent<br>auditor's||report|4-6|
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Statement|ofcash flows|||
|Notes to|the financial|statements|10-19|





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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
|||Notes||F|||||
|~n~Lgm:|||||||||
|Donations<br>and legacies|||193,557|19,861|213,418|162,064|15,214|177,278|
|Other trading<br>activities|||1,837|7,929|9,766|1,878|10,901|12,779|
|Investments|||148,351|2,198|150,549|143,664|3,201|146,865|
|Total income|||343,745|29,988|373,733|307,606|29,316|336,922|
|Raising funds|||37,724||37,724|35,367||35,367|
|Charitable<br>activities||8|155,883|51,288|207,171|138,325|63,453|201,778|
|Total resources expended|||193,607|51,288|244,895|173,692|63,453|237,145|
|Net gains/(losses)||on|||||||
|investments||12|918,857||918,857|238,390||238,390|
|Net movement|in|funds|1,068,995|(21,300)|1,047,695|372,304|(34,137)|338,167|
|Fund balances|at 1||||||||
|September 2020|||5,208,337|117,232|5,325,569|4,836,033|151,369|4,987,402|
|Fund balances|at|31August|||||||
|2021|||6,277,332|95,932|6,373,264|5,208,337|117,232|5,325,569|





|Fixed assets|Fixed assets||||||
|---|---|---|---|---|---|---|
|Tangible assets||||51,996||55,024|
|investment<br>investments|properties|||340,108<br>5,9M,167||332,918<br>4,958,188|
|||||6,327,271|||
||||21,499||||
||||21"I,615||||
||||233,114||189,361||
|Creditors:|amounts|feliino due vvtthtn|||||
|one peer|||(187,121)||(187,920)||
|Net current|assets/{liabilities)||||||
|Total assets less current liabilities||||6,373,264|||
|income funds|||||||
|Restricted|funds|||95,932||117,232|
|Unrestncted|funds|||6,277,332||5,208„337|





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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||R||
|Cash flows from operating||activities||||||
|Cash (absorbed<br>by)/generated||from|22|||||
|operations|||||(26,394)||81,455|
|Investing|activities|||||||
|Purchase|of investment<br>property|||(7,190)||||
|Purchase|ofother investments|||(867,631)||(1,156,605)||
|Proceeds|on disposal ofother investments|||807,507||1,014,392||
|Investment|income received|||150,549||146,865||
|Net cash|generated<br>from investing|||||||
|activities|||||83,235||4,652|
|Net cash|used in financing|activities||||||
|Net increase<br>in cash and cash equivalents|||||56,841||86,107|
|Cash and|cash equivalents<br>at beginning||ofyear||154,774||68,667|
|Cash and|cash equivalents|at end ofyear|||211,615||154,774|





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|3|Donations|a|n|d legacies|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||||funds|funds||funds|funds||
||||||2021|2021|2021|2020|2020|2020|
|||||||||F|F|F|
||Donations|and||gifts|193,557|19,861|213,418|162,064|15,214|177,278|
|4|Other trading|||activities|||||||
||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||||funds|funds||funds|funds||
||||||2021|2021|2021|2020|2020|2020|
|||||||F||||F|
||Income from <br>created||energy||1,837||1,837|1,878||1,878|
||Fundraising||events|||7,929|7,929||10,901|10,901|
||Other trading||activities||1,837|7,929|9,766|1,878|10,901|12,779|
|5|Investments||||||||||
||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||||funds|funds||funds|funds||
||||||2021|2021|2021|2020|2020|2020|
||||||||||F|F|
||Rental income||||27,500||27,500|27,500||27,500|
||Income from||listed||||||||
||investments||||120,528|2,198|122,726|115,695|3,201|118,896|
||Interest receivable||||323||323|469||469|
||||||148,351|2,198|150,549|143,664|3,201|146,865|





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|6|Raising fu|n|ds||||
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||2021|2020|
||||||f||
||T~ra<br>in<br>cc||ta||||
||Depreciation<br>and impairment||||3,028|3,028|
||Investment||m<br>n|ment|34,696|32,339|
||||||37,724|35,367|
|7|Charitable||activities||||
||||||Grants|Grants|
||||||payable|payable|
||||||2021f|2020f|
||Charitable||donations||13,131|16,622|
||Grant funding<br>ofactivities (see note 8)||||190,617|181,831|
||Share of support costs (see note 9)||||123|175|
||Share ofgovernance|||costs (see note 9)|3,300|3,150|
||||||207,171|201,778|
||Analysis<br>by fund<br>Unrestricted<br>funds||||155,883|138,325|
||Restricted||funds||51,288|63,453|
||||||207,171|201,778|
|8|Grants payable||||||
||||||2021f|2020f|
||Grants to|institutions:|||||
||Birkenhead||School||190,617|181,831|





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|Support c|osts|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2021|Support|Governance|2020|
|||costs|costs||costs|costs||
|||||||P||
|Sundries||123||123|175||175|
|Audit fees|||3,300|3,300||3,150|3,150|
|||123|3,300|3,423|175|3,150|3,325|
|Analysed|between|||||||
|Charitable|activities|123|3,300|3,423|175|3,150|3,325|



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|2021|2020|
|---|---|
|Number|Number|



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||||unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|||||E|
|Revaluation|of|investments|865,391|312,914|
|Gain/(loss)|on|sale of investments|53,466|(74,524)|
||||918,857|238,390|





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|13|Tangible fixed assets|Tangible fixed assets|||
|---|---|---|---|---|
|||||Fixtures and fittings|
||Cost||||
||At 1 September 2020|||75,704|
||At 31August|2021||75,704|
||Depreciation|and impairment|||
||At 1 September 2020|||20,680|
||Depreciation|charged|in the year|3,028|
||At 31August|2021||23,708|
||Carrying<br>amount||||
||At 31August|2021||51,996|
||At 31August|2020||55,024|





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|||2021|
|---|---|---|
|Fair value|||
|At 1 September 2020||332,918|
|Additions<br>through|external acquisition|7,190|
|At 31August 2021||340,108|



## 

|Fixed asset|investments|||||
|---|---|---|---|---|---|
||||Listed|Cash in|Total|
||||investments|porffolio||
||||R|||
|Cost or valuation||||||
|At 1 September 2020|||4,764,651|191,535|4,956,186|
|Additions|||867,631||867,631|
|Valuation<br>changes|||865,391||865,391|
|Disposals|||(644,134)|(109,907)|(754,041)|
|At 31August|2021||5,853,539|81,628|5,935,167|
|Carrying<br>amount||||||
|At 31August|2021||5,853,539|81,628|5,935,167|
|At 31August|2020||4,764,651|191,535|4,956,186|
|||||2021|2020|
|Investments|at fair value|comprise:||||
|Government|stocks|||210,336|208,568|
|United<br>Kingdom<br>equities||and funds||2,164,231|1,733,435|
|Overseas euities and funds||||3,478,972|2,822,648|
|||||5,853,539|5,693,921|





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||The historical cost of|the investments|is E4,224,083(2020E3,961,184)|is E4,224,083(2020E3,961,184)|||
|---|---|---|---|---|---|---|
|16|Financial instruments||||2021|2020|
|||||||R|
||Carrying<br>amount of|financial assets|||||
||Instruments<br>measured|at fair value through||profit or loss|5,853,539|4,764,651|
|17|Debtors||||||
||Amounts<br>falling due|within one year:|||2021f|2020|
||Other debtors||||21,499|14,587|
|18|Creditors: amounts|falling due within one year|||||
||||||2021|2020|
||Other taxation and social security|||||239|
||Other creditors||||176,577|177,231|
||Accruals and deferred|income|||10,544|10,450|
||||||187,121|187,920|



## 

||||Movement|in funds||Movement|in funds||
|---|---|---|---|---|---|---|---|---|
||1|Balance at<br> September<br>2019|Incoming<br>resources|Resources<br>expended|Balance at<br>1 September<br>2020|Incoming<br>resources|Resources<br>expended|Balance at<br>31August<br>2021|
|||||||||R|
|Bursaries||140,192|18,415|(46,831)|111,776|21,764|(40,617)|92,923|
|Fundraising<br>activities||11,177|10,901|(16,622)|5,456|8,224|(10,671)|3,009|
|||151,369|29,316|(63,453)|117,232|29,988|(51,288)|95,932|





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|Analysis of net assets between funds|||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds||
|Fund balances at 31August 2021 are represented|by:||||
|Tangible assets||51,996||51,996|
|Investment<br>properties||340,108||340,108|
|Investments||5,842,244|92,923|5,935,167|
|Current assets/(liabilities)||42,984|3,009|45,993|
|||6,277,332|95,932|6,373,264|



||There were|no disclosable<br>related|no disclosable<br>related|party transactions|party transactions|during the year (2020-none).|during the year (2020-none).|during the year (2020-none).||
|---|---|---|---|---|---|---|---|---|---|
|22|Cash generated<br>from operations|||||||2021|2020|
||Surplus for|the year||||||1,047,695|338,167|
||Adjustments|for:||||||||
||Investment|income recognised|in statement||offinancial||activities|(150,549)|(146,865)|
||(Gain)/loss|on disposal of investments||||||(53,466)|74,524|
||Fair value gains and losses on||investments|||||(865,391)|(312,914)|
||Depreciation|and impairment<br>oftangible fixed assets||||||3,028|3,028|
||Movements|in working<br>capital:||||||||
||(Increase)/decrease<br>in debtors|||||||(6,912)|127,910|
||(Decrease)|in creditors||||||(799)|(2,395)|
||Cash (absorbed<br>by)/generated||from operations|||||(26,394)|81,455|
|23|Analysis ofchanges<br>in net funds|||||||||
||The charity|had no debt during|the|year.||||||