Charity registration number 1082007
DAVID LISTER CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
DAVID LISTER CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | David Ward Lister |
|---|---|
| Andrew David Wriglesworth | |
| Susan Streather | |
| 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 2024
The trustees present their annual report and financial statements for the year ended 5 April 2024.
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 £252,640 (2023 : £865,650).
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. The Charity receives donations to be used for it's charitable purposes and has very low overhead/administration costs. The Charity received donations of £440,271 in the year, and made payments of £252,640 to charities and organisations meeting the objects of the Charity.
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. On 15 November 2022 a Deed of Appointment and Retirement of Trustees was signed in which Stuart Garside retired as a trustee, and Susan Streather 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 Andrew David Wriglesworth Susan Streather 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: 24 July 2024
- 1 -
DAVID LISTER CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DAVID LISTER CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of David Lister Charitable Trust (the trust) for the year ended 5 April 2024.
Responsibilities and basis of report
As the trustees of the trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the trust’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the trust as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
T Yates BSc FCA Holeys Chartered Accountants
Stuart House 15-17 North Park Road Harrogate North Yorkshire HG1 5PD
Dated: 24 July 2024
- 2 -
DAVID LISTER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 440,271 | 481,654 |
| Total income | 440,271 | 481,654 | |
| Expenditure on: | |||
| Charitable activities | 4 | 253,741 | 866,244 |
| Total expenditure | 253,741 | 866,244 | |
| Net income/(expenditure) and movement in funds | 186,530 | (384,590) | |
| Reconciliation of funds: | |||
| Fund balances at 6 April 2023 | 291,870 | 676,460 | |
| Fund balances at 5 April 2024 | 478,400 | 291,870 |
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 2024
| 2024 Notes £ £ Current assets Cash at bank and in hand 479,150 Current liabilities 7 (750) Net current assets 478,400 Income funds Unrestricted funds 478,400 478,400 The financial statements were approved by the Trustees on 24 July 2024 David Ward Lister Andrew David Wriglesworth Trustee Trustee Susan Streather Trustee |
2023 £ 292,480 (610) |
£ 291,870 |
|---|---|---|
| 291,870 | ||
| 291,870 | ||
Company Registration No. 1082007
- 4 -
DAVID LISTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
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 or grantors 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 2024
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 2024
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 440,271 | 481,654 |
4 Charitable activities
| Charitable donations Admin fees £ £ Charitable expenditure 252,641 1,100 Analysis by fund Unrestricted funds 252,641 1,100 252,641 1,100 For the year ended 5 April 2023 Unrestricted funds 865,650 594 865,650 594 |
Total £ 253,741 253,741 253,741 |
2023 £ 866,244 |
|---|---|---|
| 866,244 | ||
| 866,244 |
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:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
- 7 -
DAVID LISTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
7 Current liabilities
| Current liabilities | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Accruals and deferred income | 750 | 610 |
8 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 6 April | Incoming | Resources | At 5 April | |
|---|---|---|---|---|
| 2023 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| General funds | 291,870 | 440,271 | (253,741) | 478,400 |
| Previous year: | At 6 April | Incoming | Resources | At 5 April |
| 2022 | resources | expended | 2023 | |
| £ | £ | £ | £ | |
| General funds | 676,460 | 481,654 | (866,244) | 291,870 |
9 Analysis of changes in net funds
The trust had no material debt during the year.
- 8 -
DAVID LISTER CHARITABLE TRUST
DIRECT CHARITABLE GRANTS
FOR THE YEAR ENDED 5 APRIL 2024
| Direct charitable institutional grants Action Against Hunger Action for Children ACS Addington Fund Age International - Gaza All we can Allefts Alzheimer’s Society Alzheimer’s Research UK Amos Trust AMREF Help Africa Barnardos Barnabas Aid Barnabas Fund Bible Society Bids Bosona Blood Cancer UK Brain Research UK Brainwave Bone Cancer Research trust Butterfly Trust Camphill Village Trust Cancer Research UK Carers Trust Caring for Life Child Autism UK Children Ahead Child Bereavement UK Children for Health Christian Aid Concern World Wide Conquest UK Contact Crew 2000 CRISIS Crohn's & Colitis Relief Dec Earthquake Appeal Dec Pakistan Floods Dementia UK Diabetes UK Douglas MacMillan Hospice Eating Matters Farm Africa Frontline Go Kids Go Go Stud Hosp Charity Research Carried forward |
5 April 2024 £ - - 2,000 - 2,000 10,000 - - - 2,000 - 5,000 2,000 - 2,000 - - - - 2,000 2,000 5,000 17,000 1,000 2,000 - 2,000 - 22,000 - - - - 5,000 2,000 - - - - 1,000 - 2,500 2,000 - 2,000 92,500 |
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 |
DAVID LISTER CHARITABLE TRUST
DIRECT CHARITABLE GRANTS
FOR THE YEAR ENDED 5 APRIL 2024
| Brought forward Grove Cottage Hampsthwaite Methodist Church Harrogate Homeless Project Help & Homes 4 Children Helping Disabilities Trust Henshaws Hope and Homes for Children Humanity Inclusion Impact Independence at Home Independent Age International East African Hunger Crisis IPSEA Kidney Care UK Kids Space Kurkha Welfare Leeds Down Syndrome Network Leeds Weekend Care Leonard Cheshire Foundation Leprosy Mission Leukemia UK M S Society Macmilllan Cancer Support MAF Malaika Kids UK 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 MYPAS National Deaf Childrens Society Nidderdale Agricultural Society OPA cancer Open Arms Malawi Open Road West Norfolk Operation Smile Oxford Childrens Hospital Carried forward |
5 April 2024 £ 92,500 2,000 - 10,000 - 1,000 5,000 15,000 - 5,000 - - - - 2,000 - - - 2,000 - 2,000 1,000 - - - 2,000 - 2,000 - 5,000 - - 2,000 5,000 - - 5,000 40 2,000 15,000 2,000 2,000 - 179,540 |
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 |
|---|---|---|
| 531,550 |
DAVID LISTER CHARITABLE TRUST
DIRECT CHARITABLE GRANTS
FOR THE YEAR ENDED 5 APRIL 2024
| Brought forward Parenting MH Parkinson's Society Parkinson's UK Plan International Practical Action Project Mala Prostrate Cancer UK Rainbow Trust Red Cross Refresh Carers Rescare Resolve Now Respite Association Ripley Show 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 Social Square (UK) Sparks of Hope Special Needs Parental Support St Gemma's Hospice St Michael’s Hospice Sue Ryder Sunnydays childrens fund Sunshine Wishes Survive Tanzania Trust Teen Enterprise The Connection Homeless Triangle Generation Humanitaire Two Ridings Community Foundation UNICEF Unicef Gaza Unicef UK (Yemen) Wellspring |
5 April 2024 £ 179,540 1,000 - - - - 2,000 5,000 2,000 10,000 - 2,000 - 5,000 100 - - (5,000) 2,000 5,000 - - - - (2,000) - - 1,000 - - 5,000 10,000 2,000 - - - - 2,000 - 5,000 - 10,000 10,000 - 251,640 |
5 April 2023 £ 531,550 - 50,000 15,000 - 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 |
DAVID LISTER CHARITABLE TRUST
DIRECT CHARITABLE GRANTS
FOR THE YEAR ENDED 5 APRIL 2024
| Brought forward Westwood World Child Cancer Yeldall Manor Yorkshire Cancer Research Yorkshire Childrens Trust |
5 April 2024 £ 251,640 - - - - 1,000 252,640 |
5 April 2023 £ 810,650 1,000 2,000 2,000 50,000 - |
|---|---|---|
| 865,650 |