| Trustees | R P T Duckworth | R P T Duckworth | (Chairman) | (Chairman) | |
|---|---|---|---|---|---|
| C J Clancy | |||||
| M A ETClitheroe | |||||
| KJ Merrill | |||||
| Secretary to | the trustees | C Kay | |||
| Accountants | Beever and | Struthers | |||
| Suite 9b | |||||
| The Beehive | Lions Drive | ||||
| Shadsworth | Business | Park | |||
| Blackburn | |||||
| Lancashire | |||||
| BB12QS | |||||
| Investment | Managers | Sarasin and | Partners | LLP | |
| 100St Paul's Churchyard | |||||
| London | |||||
| EC4M BBU | |||||
| Bankers | Lloyds Bank | ||||
| Church Street | |||||
| Blackburn | |||||
| Lancashire | |||||
| BB21JQ | |||||
| Auditors | MHA Moore 5Smalley | ||||
| 9Winckley Square | |||||
| Preston | |||||
| Lancashire | |||||
| PR13HP | |||||
| Principal address ofthe charity | Suite 9b | ||||
| The Beehive | Lions Drive | ||||
| Shadsworth | Business | Park | |||
| Blackburn | |||||
| Lancashire | |||||
| BB12QS | |||||
| Charity Number | 1076925 |
| Unrestricted | Funds | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Notes | ||||||
| Income and endowments | from: | |||||
| Investments | 1,315,044 | 1,321,060 | ||||
| Totallncome | 1,315,044 | 1,321,060 | ||||
| Expenditure on: |
||||||
| Raising Funds | 156,802 | 144,031 | ||||
| Charitable Activities |
938,565 | 919,128 | ||||
| Total Expenditure | 1,095,367 | 1,063,159 | ||||
| Net gains/(losses) on investments |
917,780 | 6,876,748 | ||||
| Net income/(expenditure)/ | movement | in funds | 1,137,457 | 7,134,649 | ||
| Reconciliation offunds | ||||||
| Total funds brought | forward | 36,874,140 | 29,739,491 | |||
| Total funds carried | forward | 38,011,597 | 36,874,140 |
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Investments | 38,628,859 | 36,755,162 | |||
| Current assets | |||||
| Debtors | 32,229 | 29,929 | |||
| Cash at bank | and in | hand | 215,693 | 720,769 | |
| 247,922 | 750,698 | ||||
| Liabilities | |||||
| Creditors: Amounts | falling due | ||||
| within one year | (579,184) | (341,720) | |||
| Net current | assets | (331,262) | 408,978 | ||
| Total assets | less current | ||||
| liabilities | 38,297,597 | 37,164,140 | |||
| Creditors: Amounts | falling due | ||||
| after more than one | year | (286,000) | (290,000) | ||
| Net assets | 38,011,597 | 36,874,140 | |||
| Funds | |||||
| Unrestricted | income | funds | |||
| General fund | 38,011,597 | 36,874,140 | |||
| 31/01/2023 | |||||
| Approved by the Trustees on |
...and signed on | their behalf | by: |
| Notes | Notes | 2022 | 2022 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Cash flow from operating | activities | 1 | (864,203) | (777,200) | |||||
| Net cash flow from operating | (864,203) | (777,200) | |||||||
| activites | |||||||||
| Cash flow from investing | activities | ||||||||
| Payments to acquire | investments | (955,917) | (1,330,479) | ||||||
| Investment income |
received | 1,315,044 | 1,321,060 | ||||||
| 359,127 | (9,419) | ||||||||
| Net increase/ (decrease) |
in cash | ||||||||
| and cash equivalents | (505,076) | (786,619) | |||||||
| Cash and cash equivalents | at | 5 | 720,769 | 1,507,388 | |||||
| April 2021 | |||||||||
| Cash and cash equivalents | at | 5 | 215,693 | 720,769 | |||||
| April 2022 | |||||||||
| Reconciliation | of | net income/ | (expenditure) | to | net | cash flow from operation | activities | ||
| 2022 | 2021 | ||||||||
| F | f. | ||||||||
| Net | |||||||||
| income/(expenditure) | |||||||||
| in the year | 1,137,457 | 7,134,649 | |||||||
| Investment income |
|||||||||
| received | (1,315,044) | (1,321,060) | |||||||
| (Gains)/losses on investments |
(917,780) | (6,876,748) | |||||||
| (Increase)/decrease | in debtors | (2,300) | (4,038) | ||||||
| (Decrease)/Increase | in | ||||||||
| creditors | 233,464 | 289,997 | |||||||
| 864,203 | 777,200 | ||||||||
| Cash and | cash | equivalents | 2022 | 2021 | |||||
| Cash at bank and in |
|||||||||
| hand | 215,693 | 720,769 | |||||||
| Cash and cash equivalents | at 5April | 215,693 | 720,769 |
| applying the accounti |
applying the accounti |
ng policies. |
||||||
|---|---|---|---|---|---|---|---|---|
| There have been no | key assumptions | concerning the future and other | key sources ofestimation | uncertainty | ||||
| at the reporting date |
that have a significant | risk of causing a material | adjustment | to the carrying | amounts of |
|||
| assets and liabilities | within the next | financial | year. | |||||
| 2. | Investment | income | ||||||
| 2022 | 2021 | |||||||
| f | ||||||||
| Income | from UK listed investments |
(before | deduction | offees) | 1,314,931 | 1,320,367 | ||
| Interest | receivable | on short term deposits | and cash at | bank | 113 | 693 | ||
| 1,315,044 | 1,321,060 | |||||||
| 3. | Raising Funds | |||||||
| 2022 | 2021 | |||||||
| Management Fees |
f | f | ||||||
| Earned | on Sarasin funds | 288,413 | 254,122 | |||||
| Rebate | (131,611) | (110,091) | ||||||
| Net fees charged | 156,802 | 144,031 |
| Forthe year en | d | ed 5April 2022 | ed 5April 2022 | |||
|---|---|---|---|---|---|---|
| 4. Charitable |
Activities | 2022 | 2021 | |||
| f | f | |||||
| Grants Payable | 918,206 | 895,775 | ||||
| Governance Costs |
20359 | 23 353 | ||||
| Total Charitable Activities |
938565 | 919128 | ||||
| 2022 | 2021 | |||||
| Analysis ofGrants | Payable | f | ||||
| The Wish Centre | 10,000 | |||||
| Blackburn with Darwen |
Borough Council (grant payment | on hold) | 120,000 | |||
| Blackburn Youth Zone |
75,000 | |||||
| Medecins Sans Frontiere | 300,000 | |||||
| Nightsafe | 75,000 | |||||
| APT Action on Poverty | 10,000 | |||||
| Legs4Africa | 30,000 | |||||
| Against Malaria Foundation |
150,000 | |||||
| Our Sansar | 20,000 | |||||
| Intercare | 30,000 | 10,000 | ||||
| Blackburn Food Bank |
20,000 | |||||
| Chifundo UK |
2,000 | |||||
| Hope Health | 2,500 | |||||
| Child ln Need India |
5,000 | |||||
| Afghan S.Central | Asian | Association | 5,000 | |||
| Phase Worldwide | 4,000 | |||||
| Age UK Blackburn | with Darwen | 50,000 | 10,000 | |||
| Morecambe Bay Academy |
2,500 | |||||
| Westholme School |
2,500 | |||||
| Baines School | 2,500 | |||||
| QEGS School | 2,500 | |||||
| Ormskirk School |
2,500 | |||||
| Kirkham Grammar |
School | 2,500 | ||||
| Raising Future | 14,775 | |||||
| Chase Africa | 30,000 | 10,000 | ||||
| Our Lady's Catholic | School, Morcambe | 2,500 | ||||
| Rossall School | 2,500 | |||||
| AKS Lytham School |
2,500 | |||||
| Drugs for Neglected | Diseases | 150,000 | ||||
| Pragya | 30,000 | |||||
| Team Kenya | 30,000 | |||||
| LUV Leprosy | 16,000 | |||||
| African Adventure | Foundation | 20,000 | ||||
| BFCBarefoot College | 30,000 | |||||
| WSV | 25,000 | |||||
| Adami Project | 18,000 | |||||
| Sightsavers | 300,000 | |||||
| Love Russia | 11,000 | |||||
| Re-Cycle | 7,000 | |||||
| Kids Club Kampala | 15,000 | |||||
| Play Action International | 14,114 | |||||
| Police Community | Clubs | ofGreat Britain | 3,750 |
| Forthe year ended 5 | Forthe year ended 5 | April | 2022 | ||
|---|---|---|---|---|---|
| Haslingden High School |
2,500 | ||||
| Bacup 8 Rawtenstall | Grammar | School | 2,500 | ||
| Runshaw College |
2,500 | ||||
| Hope Health Action | 5,500 | ||||
| Hello World | 15,000 | ||||
| Cure International | 4,350 | ||||
| Friends of Monze | 2,140 | ||||
| Power for the People | 15,000 | ||||
| Hope Foundation | 3,000 | ||||
| Ring20 Research &Support | 12,500 | ||||
| Carer's Worldwide | 14,723 | ||||
| Deki | 5,000 | ||||
| Practical Tools Initiative | 15,000 | ||||
| CSEF Moneywise | 4,000 | ||||
| Adrienne Seed |
2,979 | ||||
| St Mary's Sixth Form | College | 2,500 | |||
| Clitheroe Royal Grammar |
School | 2,500 | |||
| The Making Rooms | 14,600 | ||||
| Lancashire Sailing School |
6,050 | ||||
| The Whitaker | 6,000 | ||||
| 918,206 | 895,775 |
| nalysis ofGo | verna | nce costs |
||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f | f | |||
| Accountancy | and | Trust administration | 15,300 | 18,000 |
| Audit fees | 3,024 | 2,280 | ||
| Trustees' travelling |
expenses | 290 | 275 | |
| Website fees | 2,250 | |||
| Legal Fees | 1,140 | |||
| Miscellaneous | 605 | 548 | ||
| 20,359 | 23,353 |
| Forthe | year ended 5April 20 | year ended 5April 20 | 22 | ||||
|---|---|---|---|---|---|---|---|
| 5. | Fixed asset investments | ||||||
| 2022 | 2021 | ||||||
| f | f | ||||||
| Market | value at 6April | 36,755,162 | 28,547,935 | ||||
| Additions | 1,121,917 | 1,330,479 | |||||
| Sales | (166,000) | ||||||
| Unrealised (losses)/surplus |
on revaluation | ofinvestments | 917,780 | 6,876,748 | |||
| Market | value at 5 April | 38,628,859 | 36,755,162 | ||||
| Historic | cost at 5 April | 24 301400 | 23484 874 | ||||
| The market value of investments | is made | up as follows: | |||||
| UK investments listed on a recognised |
stock exchange | 38,605,599 | 36,755,162 | ||||
| 6. | Debtors | ||||||
| 2022 | 2021 | ||||||
| f | f | ||||||
| Investment Management |
Fee Rebate | 32,229 | 29,929 | ||||
| 7. | Creditors: Amounts | falling | due | within one year | |||
| 2022 | 2021 | ||||||
| f | f | ||||||
| Accruals —Audit Fee | 5,184 | 2,220 | |||||
| Accruals —Accounts Fee | 4,500 | ||||||
| Grants | agreed and payable | 574,000 | 335,000 | ||||
| 579,184 | 341,720 | ||||||
| 8. | Creditors: Amounts | falling | due | after more than one year | |||
| 2022 | 2021 | ||||||
| f | f | ||||||
| Grants | agreed and payable | 286,000 | 290,000 |