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|Trustees||Mr M R Feeny LLB (Chair to13 November 2023)|Mr M R Feeny LLB (Chair to13 November 2023)|||
|---|---|---|---|---|---|
|||Mr H E R FitzHerbert|BA(Hons) PGCE|||
|||Mr Edward Rice FRICS||||
|||Mrs Kirsten Pankhurst||||
|||Mr P RVicars MA||||
|||Mr AJCross LLB(Hons)||||
|||Mr M R Cashin<br>MA||||
|||Mr N P Turner (Chair|from 13November 2023)|(Appointed|7 November 2022)|
|Charity number||1068650||||
|Auditor||Xeinadin Audit Limited||||
|||2 Hilliards<br>Court||||
|||Chester Business Park||||
|||Chester||||
|||Cheshire||||
|||CH4 9QP||||
|Bankers||National<br>Westminster|Bank Pic|||
|||2 Grange Road West||||
|||Birkenhead||||
|||Wirral||||
|||Merseyside||||
|||CH41 4DF||||
|Solicitors||DWF LLP||||
|||5St Paul's Square||||
|||Old Hall Street||||
|||Liverpool||||
|||Merseyside||||
|||L39AE||||
|Investment|advisors|Rathbone<br>Investment|Management|||
|||Port of Liverpool||||
|||Pier Head||||
|||Liverpool||||
|||Merseyside||||
|||L3 1NW||||





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||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-2|
|Statement|oftrustees'|responsibilities||
|Independent|auditor's|report|4-7|
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Statement|ofcash flows||10|
|Notes to the financial||statements|11-22|





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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023||2022|2022|2022|
|||Notes|R|R||R||R|
|Income from:|||||||||
|Donations<br>and legacies||3|1,681,463|46,756|1,728,219|194,305|68,161|262,466|
|Other trading<br>activities||4|2,144|15,539|17,683|1,941|25,495|27,436|
|Investments||5|219,118|3,791|222,909|154,913|2,203|157,116|
|Total income|||1,902,725|66,086|1,968,811|351,159|95,859|447,018|
|Expenditure<br>on:|||||||||
|Raising funds|||39,789||39,789|37,594||37,594|
|Charitable<br>activities|||203,705|130,911|334,616|185,920|55,750|241,670|
|Total expenditure|||243,494|130,911|374,405|223,514|55,750|279,264|
|Net losses on|||||||||
|investments||12|(171,746)||(171,746)|(728,572)||(728,572)|
|Net income/(expenditure)|||1,487,485|(64,825)|1,422,660|(600,927)|40,109|(560,818)|
|Transfers<br>between|||||||||
|funds|||(67,790)|67,790|||||
|Net movement|in||||||||
|funds|||1,419,695|2,965|1,422,660|(600,927)|40,109|(560,818)|
|Reconciliation|offunds:||||||||
|Fund balances at 1 September|||||||||
|2022|||5,676,405|136,041|5,812,446|6,277,332|95,932|6,373,264|
|Fund balances|at 31August||||||||
|2023|||7,096,100|139,006|7,235,106|5,676,405|136,041|5,812,446|





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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||f.||
|Fixed assets|||||||||
|Tangible assets||||14||45,940||48,968|
|Investment|property|||15||462,842||455,154|
|Investments||||16||6,554,560||5,272,828|
|||||||7,063,342||5,776,950|
|Current assets|||||||||
|Debtors||||17|25,478||14,400||
|Cash at bank and||in|hand||210,826||198,739||
||||||236,304||213,139||
|Creditors: <br>one year|amounts||falling due within|18|64,540||177,643||
|Net current|assets|||||171,764||35,496|
|Total assets less||current liabilities||||7,235,106||5,812,446|
|The funds|ofthe|charity|||||||
|Restricted|income|funds||19||139,006||136,041|
|Unrestricted|funds|||||7,096,100||5,676,405|
|||||||7,235,106||5,812,446|





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|Income fr|om||donations|and legacies||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|funds||funds|funds||
|||||2023|2023||2022|2022|2022|
|||||R|R||||R|
|Donations|and gifts|||1,667,463|46,756|1,714,219|194,305|68,161|262,466|
|Legacies receivable||||14,000||14,000||||
|||||1,681,463|46,756|1,728,219|194,305|68,161|262,466|
|Other trading|||activities|||||||
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|funds||funds|funds||
|||||2023|2023|2023|2022|2022|2022|
|||||R|||||F|
|Income from||energy||||||||
|created||||2,144||2,144|1,941||1,941|
|Fundraising||events|||15,539|15,539||25,495|25,495|
|Other trading|||activities|2,144|15,539|17,683|1,941|25,495|27,436|
|Investments||||||||||
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|funds||funds|funds||
|||||2023|2023f|2023<br>R|2022|2022|2022|
|Rental income||||44,502||44,502|27,500||27,500|
|Income from||listed||||||||
|investments||||174,616|3,791|178,407|127,358|2,203|129,561|
|Interest receivable|||||||55||55|
|||||219,118|3,791|222,909|154,913|2,203|157,116|





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|6|Raising funds|||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2023f|2022f|
||gradin<br>dasts<br>Depreciation<br>and impairment|||3,028|3,028|
||Investment<br>mana|ement||36,761|34,566|
|||||39,789|37,594|
|7|Charitable<br>activities|||||
|||||Grants|Grants|
|||||payable|payable|
|||||2023f|2022|
||Charitable<br>donations|||16,659|19,910|
||Grant funding<br>ofactivities (see note 8)|||314,252|215,840|
||Share ofsupport costs (see note 9)|||205|260|
||Share ofgovernance||costs (see note 9)|3,500|5,660|
|||||334,616|241,670|
||Analysis<br>by fund|||||
||Unrestricted<br>funds|||203,705|185,920|
||Restricted funds|||130,911|55,750|
|||||334,616|241,670|
|8|Grants payable|||||
|||||2023f|2022f|
||Grants to institutions:|||||
||Birkenhead<br>School|||314,252|215,840|





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|Support costs allocated to activities|||
|---|---|---|
||Grants|Total|
||payable||
||2023|2022|
||R||
|Sundries|205|260|
|Governance|3,500|5,660|
||2023|2022|
|Governance costs comprise:|||
|Audit fees|3,500|3,500|
|Legal and professional||2,160|
||3,500|5,660|



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|Gains and|los|ses on investments|||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022|
|Gains/(losses)||arising on:|R||
|Revaluation|of|investments|(169,992)|(750,783)|
|Sale of investments|||(1,754)|22,211|
||||(171,746)|(728,572)|



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|Tangible fix|ed assets|||
|---|---|---|---|
||||Fixtures snd fittings|
|Cost||||
|At 1 September 2022|||75,704|
|At 31August|2023||75,704|
|Depreciation|and impairment|||
|At 1 September 2022|||26,736|
|Depreciation|charged|in the year|3,028|
|At 31August|2023||29,764|
|Carrying<br>amount||||
|At 31August|2023||45,940|
|At 31August|2022||48,968|





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|16|Fixed asset|investments|Listed|Cash in||
|---|---|---|---|---|---|
||||investments|porffolio|Total|
||Cost or valuation|||||
||At 1 September 2022||5,180,079|92,749|5,272,828|
||Additions||2,419,517|204,483|2,624,000|
||Valuation<br>changes||(169,992)||(169,992)|
||Disposals||(1,172,276)||(1,172,276)|
||At 31August|2023|6,257,328|297,232|6,554,560|
||Carrying<br>amount|||||
||At 31August|2023|6,257,328|297,232|6,554,560|
||At 31August|2022|5,180,079|92,749|5,272,828|
|||||2023|2022|
||Investments|at fair value comprise:||||
||Government|stocks||442,250|226,782|
||United<br>Kingdom<br>equities and funds|||2,448,176|1,845,999|
||Overseas<br>Equities and funds|||3,366,902|3,107,298|
|||||6,257,328|5,783,651|



||The historical cost of|the investments|is E5,733,570(2022:f4,475,418)|||
|---|---|---|---|---|---|
|17|Debtors|||||
|||||2023|2022|
||Amounts<br>falling due|within one year:||R||
||Other debtors|||25,478|14,400|
|18|Creditors: amounts|falling due within one year||||
|||||2023|2022|
||Other creditors|||46,462|166,450|
||Accruais and deferred|income||18,078|11,193|
|||||64,540|177,643|





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|||At 1|Incoming|Resources|Transfers|At|31August|
|---|---|---|---|---|---|---|---|
|||September|resources|expended|||2023|
|||2022||||||
|Bursaries||127,447|50,547|(46,463)|||131,531|
|Fundraising|activities|8,594|15,539|(84,448)|67,790||7,475|
|||136,041|66,086|(130,911)|67,790||139,006|
|Previous year:||At 1|Incoming|Resources|Transfers|At|31August|
|||September|resources|expended|||2022|
|||2021||||||
|Bursaries||92,923|70,364|(35,840)|||127,447|
|Fundraising|activities|3,009|25,495|(19,910)|||8,594|
|||95,932|95,859|(55,750)|||136,041|



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|||At 1|Incoming|Resources|Transfers|Gains and|At 31August|
|---|---|---|---|---|---|---|---|
|||September|resources|expended||losses|2023|
|||2022||||||
|General|funds|5,676,405|1,902,725|(243,494)|(67,790)|(171,746)|7,096,100|
|Previous|year:|At 1<br>September|Incoming<br>resources|Resources<br>expended|Transfers|Gains and<br>losses|At 31August<br>2022|
|||2021||||||
|||R|f|R|||R|
|General|funds|6,277,332|351,159|(223,514)||(728,572)|5,676,405|





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|Analysis o|fnet assets between funds|||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds||
||||2023|2023|2023|
||||R||R|
|Fund balances at 31August 2023 are represented||by:||||
|Tangible assets|||45,940||45,940|
|Investment|properties||462,842||462,842|
|Investments|||6,423,028|131,532|6,554,560|
|Current assets/(liabilities)|||164,290|7,474|171,764|
||||7,096,100|139,006|7,235,106|
||||Unrestricted|Restricted|Total|
||||funds|funds||
||||2022f|2022f|2022|
|Fund balances at 31August 2022 are represented||by:||||
|Tangible assets|||48,968||48,968|
|Investment|properties||455,154||455,154|
|Investments|||5,145,381|127,447|5,272,828|
|Current assets/(liabilities)|||26,902|8,594|35,496|
||||5,676,405|136,041|5,812,446|



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|Cash generated<br>from|operations|operations||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||R|R|
|Surplus/(deficit)<br>for the|year|||||1,422,660|(560,818)|
|Adjustments<br>for:||||||||
|Investment<br>income recognised||in statement||offinancial|activities|(222,909)|(157,116)|
|Loss/(gain)<br>on disposal|of investments|||||1,754|(22,211)|
|Fair value gains and losses on||investments||||169,992|750,783|
|Depreciation<br>and impairment<br>oftangible|||fixed assets|||3,028|3,028|
|Movements<br>in working|capital:|||||||
|(Increase)/decrease<br>in|debtors|||||(11,078)|7,099|
|(Decrease)<br>in creditors||||||(113,103)|(9,478)|
|Cash generated<br>from|operations|||||1,250,344|11,287|



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