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|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||||
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||||||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|
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|||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:|
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||||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|
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|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|
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|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||
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|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|
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|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|
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|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|
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