Charity registration number 1082007
DAVID LISTER CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023 PAGES FOR FILING WITH REGISTRAR
DAVID LISTER CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | David Ward Lister | |
|---|---|---|
| Andrew David Wrigglesworth | ||
| Susan Streather | (Appointed 15 November 2022) | |
| Charity number | 1082007 | |
| Independent examiner | Holeys Chartered Accountants | |
| Stuart House | ||
| 15-17 North Park Road | ||
| Harrogate | ||
| North Yorkshire | ||
| HG1 5PD | ||
| Bankers | HSBC Plc | |
| 88 Town Street | ||
| Horsforth | ||
| Leeds | ||
| LS18 4AR | ||
| Solicitors | Wrigleys Solicitors | |
| Solicitors | ||
| 19 Cookridge Street | ||
| Leeds | ||
| West Yorkshire | ||
| England | ||
| LS2 3AG | ||
| Investment advisors | Williams Investment Management llp | |
| 34 Victoria Avenue | ||
| Harrogate | ||
| North Yorkshire | ||
| HG1 5PR | ||
| England |
DAVID LISTER CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 - 8 |
DAVID LISTER CHARITABLE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2023
The trustees present their annual report and financial statements for the year ended 5 April 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the trust's 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) (effective 1 January 2015)”
Objectives and activities
The trust's objects are to make funds available for charitable purposes. The trustees must use the income and may use the capital of the settlement in promoting the objects. and there has been no change in these during the year.
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the trust’s aims and objectives and in planning future activities and setting the grant making policy for the year.
Achievements and performance
Donations are made at the discretion of the trustees to benefit such charitable purposes as they think fit. It has carried these out by making charitable donations in the year of £865,650 (2022 : £354,000).
Financial review
The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The trust was created by a Trust Deed dated 24 March 2000 made by David Ward Lister and Peter Robert Procter Chadwick. Stuart Garside was appointed by Deed as an additional trustee on 25 September 2000. On 13 April 2010 a Deed of Appointment and Retirement of Trustees was signed in which Peter Robert Procter Chadwick retired as a trustee, and Andrew David Wriglesworth was appointed in his place.
The trustees who served during the year and up to the date of signature of the financial statements were: David Ward Lister Stuart Garside Resigned 15.11.2022 Andrew David Wriglesworth Susan Streather Appointed 15.11.2022 There were no related parties during the year.
The trustees' report was approved by the Board of Trustees.
David Ward Lister
Trustee
Susan Streather Trustee
Andrew David Wriglesworth
Trustee Dated: 27 July 2023
- 1 -
DAVID LISTER CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DAVID LISTER CHARITABLE TRUST
I report on the financial statements of the trust for the year ended 5 April 2023, which are set out on pages 3 to 8.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination.
It is my responsibility to:
-
(i) examine the financial statements under section 145 of the 2011 Act;
-
(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
(iii) to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no other matter except that referred to in the previous paragraph has come to my attention:
-
(a) which gives me reasonable cause to believe that in any material respect the requirements:
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(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
-
(ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
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have not been met or
-
(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
T Yates BSc FCA
Stuart House 15-17 North Park Road Harrogate North Yorkshire HG1 5PD
Dated: .........................
- 2 -
DAVID LISTER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2023
| Unrestricted Unrestricted funds funds 2023 2022 Notes £ £ Income from: Donations and legacies 3 481,654 464,374 Expenditure on: Charitable activities 4 866,244 354,562 Net (expenditure)/income for the year/ Net movement in funds (384,590) 109,812 Fund balances at 6 April 2022 676,460 566,648 Fund balances at 5 April 2023 291,870 676,460 |
Unrestricted Unrestricted funds funds 2023 2022 Notes £ £ Income from: Donations and legacies 3 481,654 464,374 Expenditure on: Charitable activities 4 866,244 354,562 Net (expenditure)/income for the year/ Net movement in funds (384,590) 109,812 Fund balances at 6 April 2022 676,460 566,648 Fund balances at 5 April 2023 291,870 676,460 |
Unrestricted Unrestricted funds funds 2023 2022 Notes £ £ Income from: Donations and legacies 3 481,654 464,374 Expenditure on: Charitable activities 4 866,244 354,562 Net (expenditure)/income for the year/ Net movement in funds (384,590) 109,812 Fund balances at 6 April 2022 676,460 566,648 Fund balances at 5 April 2023 291,870 676,460 |
|---|---|---|
| 354,562 | ||
| 109,812 566,648 |
||
| 676,460 | ||
| The statement of financial activities includes all gains and losses recognised in the year. |
All income and expenditure derive from continuing activities.
- 3 -
DAVID LISTER CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2023
| 2023 Notes £ £ Current assets Cash at bank and in hand 292,480 Current liabilities 7 (610) Net current assets 291,870 Income funds Unrestricted funds 291,870 291,870 The financial statements were approved by the Trustees on 27 July 2023 David Ward Lister Andrew David Wrigglesworth Trustee Trustee |
2022 £ 677,070 (610) |
£ 676,460 |
|---|---|---|
| 676,460 | ||
| 676,460 | ||
Susan Streather Trustee
Company Registration No. 1082007
- 4 -
DAVID LISTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
1 Accounting policies
Company information
David Lister Charitable Trust is a an unincorporated charity.
1.1 Accounting convention
The financial statements have been prepared in accordance with the trust's 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) (effective 1 January 2019)". The trust is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.
1.4 Incoming resources
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 5 -
DAVID LISTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023
1 Accounting policies
(Continued)
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Donations are accounted for when paid.
1.6 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. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs 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 trade and other payables and bank loans 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2 Critical accounting estimates and judgements
In the application of the trust’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 ongoing 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.
- 6 -
DAVID LISTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Donations and gifts | 481,654 | 462,374 |
| Prior year donation returned | - | 2,000 |
4 Charitable activities
| Charitable donations Admin fees £ £ Charitable expenditure 865,650 594 Analysis by fund Unrestricted funds 865,650 594 865,650 594 For the year ended 5 April 2022 Unrestricted funds 354,000 562 354,000 562 |
Total £ 866,244 866,244 866,244 |
2022 £ 354,562 |
|---|---|---|
| 354,562 | ||
| 354,562 |
5 Trustees
None of the trustees received any remuneration or expenses for their work as a trustee.
6 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
- 7 -
DAVID LISTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
| 7 Current liabilities Accruals and deferred income 8 Analysis of changes in net funds The trust had no debt during the year. |
2023 £ 610 |
2022 £ 610 |
|---|---|---|
- 8 -
DAVID LISTER CHARITABLE TRUST
DIRECT CHARITABLE GRANTS
FOR THE YEAR ENDED 5 APRIL 2023
| Direct charitable institutional grants Acorn's Hospice Action Against Hunger Action for Children Addington Fund All we can Allefts Alzheimer’s Society Alzheimer’s Research UK Amnesty International AMREF Help Africa Barnardos Barnabas Fund Bids Bosona Blind Veterans U K Blood Cancer UK Brain Research UK Brainwave British Heart Foundation British red cross Cancer Research UK Capital Village trust Care international Carers Resources Carers Trust Caring for Life Chess Homeland Children Ahead Children for Health Christian Aid Concern World Wide Conquest UK Contact Crew 2000 CRISIS Crohn's & Colitis Relief Cystic Fibrosis Dec Earthquake Appeal Dec Pakistan Floods Dementia UK Diabetes UK Doctors without Borders Eating Matters Edinburgh Headway Ezer Farm Africa Go Kids Go Carried forward |
5 April 2023 £ - 1,000 50,000 1,000 65,000 1,000 55,000 2,000 - 5,000 - 3,000 2,000 - 1,000 2,000 2,000 - - - - - - - 2,000 - 1,000 1,000 17,000 10,000 1,000 2,000 1,000 5,000 1,000 - 20,000 10,000 1,000 10,000 - 2,000 - - 2,000 2,000 278,000 |
5 April 2022 £ 1,000 - 5,000 5,000 7,000 - - 5,000 12,000 2,000 2,000 2,000 - 2,000 - - 2,000 1,000 25,000 4,000 2,000 2,000 2,000 1,000 - 2,000 - - 12,000 15,000 - - 2,000 - 2,000 - - - - 10,000 2,000 2,000 2,000 - |
|---|---|---|
| 131,000 |
DAVID LISTER CHARITABLE TRUST
DIRECT CHARITABLE GRANTS
FOR THE YEAR ENDED 5 APRIL 2023
| Brought forward Handicapped children action group Help & Homes 4 Children Henshaws Hope and Homes for Children Humanity Inclusion Independence at Home Independent Age Indian Inland Mission International East African Hunger Crisis IPSEA Kids Space Kurkha Welfare Intercare Interfaith Leeds Down Syndrome Network Lennox childrens cancer Leonard Cheshire Foundation Leprosy Mission Lumos M S Society Macmilllan Cancer Support MAF Mag Mines Manorlands Hospice Marie Curie Martin House Hospice Medair UK Medecins san Frontieres Methodist Home of the Aged Mildmay Mission Hospital MIND Mission without Borders Motor Neurone Disease Musclar Spinal Atrophy UK MYPAS Nidderdale Agricultural Society OPA cancer Open Arms Open Arms Malawi Operation Smile Oxford Childrens Hospital Parkinson's Society Parkinson's UK Plan International Carried forward |
5 April 2023 £ 278,000 - 50,000 2,000 10,000 7,000 1,000 1,000 - 2,000 2,000 1,000 500 - - 1,000 - 2,000 1,000 - 2,000 12,000 2,000 - - 5,000 - 2,000 60,000 50,000 2,000 8,000 5,000 5,000 - 2,000 50 1,000 - 15,000 - 2,000 50,000 15,000 - 596,550 |
5 April 2022 £ 131,000 1,000 - 5,000 10,000 2,000 - - 2,000 - - - - 2,000 2,000 - 5,000 - - 2,000 - 12,000 2,000 2,000 7,000 - 5,000 - - - - 2,000 2,000 5,000 2,000 - 2,000 20,000 5,000 2,000 - 2,000 - 5,000 |
|---|---|---|
| 237,000 |
DAVID LISTER CHARITABLE TRUST
DIRECT CHARITABLE GRANTS FOR THE YEAR ENDED 5 APRIL 2023
| Brought forward Practical Action Prison Me no way Prostrate Cancer UK Pumping Mandelston Pulse Rainbow Trust Reach the Children UK Red Cross Refresh Carers Resolve Now Ripley Show RNC RNID RNLI Roseberry Centre Roy Castle Lung Cancer Safe Child Thailand Salvation Army Samaritans Pulse Save International Save the Children Fund Seeing Dogs Sense Side by Side Sight Research Sight Savers Social Square (UK) Special Needs Parental Support St Gemma's Hospice St Michael’s Hospice Sunnydays childrens fund Sunshine Wishes Survive Target Overian cancer Tanzania Trust TCO charity Teen Enterprise The Heprosey Mission Tinsell Trust Triangle Generation Humanitaire UNICEF Water Aid Wellspring |
5 April 2023 £ 596,550 5,000 - 2,000 - - 2,000 - 15,000 1,000 2,000 100 - - 1,000 2,000 10,000 2,000 60,000 1,000 2,000 60,000 1,000 2,000 1,000 - - 1,000 2,000 15,000 5,000 - 1,000 1,000 - 1,000 - 1,000 - - 5,000 12,000 - 1,000 810,650 |
5 April 2022 £ 237,000 2,000 2,000 - 2,000 10,000 - 2,000 - - - - 2,000 2,000 2,000 - 2,000 1,000 20,000 - - 30,000 - - - 1,000 1,000 - - - 2,000 1,000 - - 2,000 - 5,000 - 2,000 2,000 - 15,000 2,000 |
|---|---|---|
| 347,000 |
DAVID LISTER CHARITABLE TRUST
DIRECT CHARITABLE GRANTS
FOR THE YEAR ENDED 5 APRIL 2023
| Brought forward Westwood Wilf ward family trust World Child Cancer Yeldall Manor Yorkshire Cancer Research |
5 April 2023 £ 810,650 1,000 - 2,000 2,000 50,000 865,650 |
5 April 2022 £ 347,000 2,000 5,000 - - |
|---|---|---|
| 354,000 |