||||Page||
|---|---|---|---|---|
|Reference and Administrative
Details|||||
|Report ofthe Trustees||2|to|5|
|Report ofthe Independent
Auditors||6|to|8|
|Statement ofFinancial|Activities||||
|Balance Sheet|||10||
|Cash Flow Statement|||||
|Notes to the Cash Flow Statement|||12||
|Notes to the Financial|Statements|13|to|23|
|Detailed Statement of|Financial Activities||24||
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|||||31.3.23|31.3.22|
|---|---|---|---|---|---|
|||||Unrestricted||
||||Notes|fuadf|Total funds
f|
|INCOiME|AND ENDOVVMENTS FROM|||||
|Donations|and legacies||3|478,591|13,740|
|Investment|income|||8,875,276|6,494,056|
|Total||||9,353,867|6,507,796|
|EXPENDITURE ON||||||
|Raising funds||||1,050,716|1,090,297|
|Charitable|activities|||||
|Charitable|activities|||14~492&681|53 109680|
|Total||||15,543@97|54,199,977|
|Net gains/(losses)
on investments||||(17,663,718)|(1,810,816)|
|NET INCOME/(EXPENDITURE)||||(23,853848)|(49,502,997)|
|RECONCILIATION||OF FUNDS||||
|Total funds|brought
forward|||255,155,474|304,658,471|
|TOTAL FUNDS CARRIED FORVVARD||||231402,226|255,155,474|
|Balance Sheet|||||
|---|---|---|---|---|
|31March 2023|||||
||||31.3.23|31.3.22|
||||Unrestricted||
||||fund|Total funds|
|||Notes|||
|FIXEDASSETS|||||
|Investments||13|264,838,860|283,227,414|
|CURRENT ASSETS|||||
|Debtors||14|196,767|4,249|
|Cash at bank|||35,615,462|36,036,556|
||||35,812,229|36,040,805|
|CREDITORS|||||
|Amounts
falling due within|one year|15|(16,304,402)|(19,388,350)|
|NET CURRENT ASSETS|||19,507,827|16,652,455|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||284446,687|299,879,869|
|CREDITORS|||||
|Amounts
falling due ager more than one year||16|(53,044,461)|(44,724,395)|
|NET ASSETS|||231802,226|255,155,474|
|FUNDS||17|||
|Unrestricted
funds|||231402,226|255,155,474|
|TOTAL FUNDS|||231,302,226|255,155,474|
|Cash Flow Statement||||||
|---|---|---|---|---|---|
|for the Year Ended 31March 2023||||||
||||Notes|31.3.23f|31.3.22|
|Cash tlows from operating|activities|||||
|Cash generated
from operations||||(27,684,924)|(13,301,234)|
|Net cash used in operating|activities|||(27,684,924)|(13,301,234)|
|Cash lloivs from investing|activities|||||
|Movement
in cash held by|investment|co's||(2,077,921 )|(73,906)|
|Purchase offixed asset investments|||||(50,000,000)|
|Disposal proceeds||||2,802,757|48,534|
|Net investment
losses||||17,663,718|1,810,816|
|Interest received||||8,875,276|6,494,056|
|Net cash provided
by/(used|hi) investing||activities|27463,830|(41,720,500)|
|Change
in cash and cash|equivalents||in|||
|the reporting
period||||(421,094)|(55,021,734)|
|Cash and cash equivalents|at the|||||
|beginning
ofthe reporting|period|||36,036,556|91,058,290|
|Cash and cash equivalents|at the end||of|||
|the reporting
period||||35,615,462|36,036,556|
|RECONCILIATIOiV OFNET E
ACTMTIES|XPENDITURE TO NET CASH FLO|W FROM OPERATI|NG|
|---|---|---|---|
|||31.3.23|31.3.22|
|||f|f,|
|Net expenditure
for the reporting|period (as per the Statement of|||
|Financial Activities)||(23,853248)|(49,502,997)|
|Adjustments
for:||||
|Interest received||(8,875476)|(6,494,056)|
|Increase in debtors||(192,518)|(2,201)|
|Increase in creditors||5436,118|42,698,020|
|Net cash used in operations||(27,684„tt24)|(13,301,234)|
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|ANALYSIS OF CHANGES IN NET|FUNDS|||
|---|---|---|---|
||At 1.4.22|Cash flow|At31.3.23f|
|Net cash||||
|Cash at bank|36,036,556|(421,094)|35,615,462|
||36,036,556|(421,094)|35,615,462|
|Total|36,036,556|(421,094)|35,615,462|
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|Notes to the Financial
Statements|Notes to the Financial
Statements|Notes to the Financial
Statements|Notes to the Financial
Statements|-|continued|||||
|---|---|---|---|---|---|---|---|---|---|
|for the Year Ended||31 March|2023|||||||
|3.|DOiNATIONS
AND||LEGACIES|||||||
|||||||||319.23|31.3.22|
||Donations|including|gilt|aid||||478091|13,740|
|4.|INVESTMENT INCOME|||||||||
|||||||||31.3.23|31.3.22|
||Investment|income||||||8,875476|6,494,056|
|5.|RAISING|FUNDS||||||||
||Investment|management||costs||||||
|||||||||31.3.23|31.3.22|
||Portfolio management|||||||1,050,716|1,090,297|
|6.|CHARITABLE ACTIVITIES COSTS|||||||||
|||||||||Support||
||||||||Direct|costs (see||
||||||||Costs|note 7)|Totals|
||Charitable|activities|||||14,150,283|342498|14,492,681|
|7.|SUPPORT COSTS|||||||||
|||||||||Governance||
|||||||Management|Finance|costs|Totals|
|||||||f|||f.|
||Charitable|activities||||321,455|1,144|19,799|342498|
|8.|AUDITORS' REMUNERATION|||||||||
|||||||||31.3.23f|31.3.22|
||Fees payable to the charity's||||auditors for the|audit ofthe charity's|financial|||
||statements|||||||12,360|14,700|
##
##
|10.|STAFFCOSTS||||||
|---|---|---|---|---|---|---|
||||||31.3.23|31.3.22|
|||||||f|
||VVages and salaries||||256403|146,718|
||||||256403|146,718|
||The average monthly|number ofemployees|during|the year was as follows:|||
||||||31.3.23|31.3.22|
||Support||||5|4|
##
|||||Unrestricted|
|---|---|---|---|---|
|||||fund|
|||||f|
|KxtCOlsIE|AND ENDOWMENTS||FROM||
|Donations|and legacies|||13,740|
|Investment|inconie|||6,494,056|
|Total||||6,507,796|
|EXPENDITURE ON|||||
|Raising funds||||1,090,297|
|Charitable|activities||||
|Charitable|activities|||53,109,680|
|Total||||54,199,977|
|Net gains/(losses)
on invesnnents||||(1,810,816)|
|NET INCOhIE/(EXPENDITURE)||||(49,502,997)|
|RECONCILIATION||OF FUNDS|||
|Total finds|brought
forward|||304,658,471|
##
|ANALYSIS OF GRA|NT||AWARD EXPEN|DITURE|||
|---|---|---|---|---|---|---|
||||||Grants to|Grants to|
||||||institutions|institutions|
||||||2023|2022|
||||||f||
|Grants awarded
in pursuit|||ofthe charity's|objectives|||
|54lJOOR ll
ANT S|||||||
|Maggies Clatterbridge|||||4,000,000|57,573|
|Reader Organisation|||||0|120,000|
|DUK/JDRF - Gmnd Challenge|||||0|50,000,000|
|Duke ofEdinburgh
Award|||Scheme||0|100,000|
|WYZ|||||114,000|0|
|Diabetes UK —Our lives, Our Choices|||||5,000,000|0|
|Into University
Liverpool||t/c Knowsley|||375,000|0|
||||||9,489,000|50,277,573|
|REGIONAL GRANTS)|||f50K||||
|Amy and Friends|||||75,000|0|
|Brighter Living Partnership|||||84,750|0|
|Canolfan Felin Fach Centre|||||0|62,986|
|Canolfan Gerdd William Mathias|||||75,000|0|
|Cells Project CIO|||||75,000|0|
|Creating Adventures|||||0|60,000|
|Designs in Mind|||||100,562|0|
|Domestic Abuse Safety|Unti North tVales||||0|90,930|
|Down Sydrome Cheshire|||||90,536|0|
|End Furniture
Poverty|||||90,000|0|
|Equality
And Employment|||Law Centre Ltd||68,022|0|
|Homestart
Comvy|||||0|76,000|
|Homestart
Warrington|||||150,000|0|
|Kinslup Carers|||||0|75,000|
|Koala North West|||||150,000|0|
|Liverpool Cares|||||0|60,000|
|Martin Gallier Project|||||0|96,000|
|Merseyside
Law Centre|||||0|81,669|
|NEO Associate Level|||||100,000|0|
|Netherton
Park Community|||||0|67,500|
|Neuro Therapy Centre (NTC)|||||91,278|0|
|North Wales Recovery|||||0|75,600|
|North Wales Women's|Centre Ltd||||89,784|0|
|Pantry for Blacon (knotvn||as Blacon Beacon)|||91,812|0|
|Passion for learning|||||300,000|0|
|Positive Futures|||||69,000|0|
|Pure Insight|||||54,000|0|
|RASA Merseyside|||||0|83,400|
|RASA North Wales|||||112,500|0|
|Rotunda
Inclusive
Hub|||||0|60,000|
|Ruby's Fund|||||0|78,428|
|Sabir House|||||0|81,232|
|Scans Place|||||98,031|0|
##
|Shaflesbury
Youth Club||90,000|0|
|---|---|---|---|
|Speke Childrens
Enviro Conununity||0|86,400|
|Stick 'n' Step||90,000|0|
|Tape Community
Music||67,768|0|
|The FDF Centre for independent|Living|53,100|0|
|The First Step||0|77,000|
|The Joshua Tree||60,000|0|
|The Neumark
Foundation||94,500|0|
|The VVishing
Well||87,875|0|
|Thriving
Spaces||0|78,600|
|Tomorrosv's
Women Wirral||143,960|0|
|Venus Associate Level||100,000|0|
|Watrington
Youth and Community||0|75,000|
|Warrington
Youth Zone||0|50,000|
|Witml Churches'
Ark Project||-30,924|0|
|Witml Society ofthe Blind||78,726|0|
|Wrexham
Warehouse||75,000|0|
|26 (2023),26(2022)Regional Grants under f50K.||475,639|408,966|
|Subtotal||3,350,919|1,824,711|
|DCM
FUND
RANTS &850k||||
|0 (2023) I (2022)DCMS Grants|under f50K|0|15,000|
|Subtotal||0|15,000|
|Di
kai
' nFund||||
|Wizz Air Ukrainian
Flights||150,875||
|Warrington
Ukraine Family Support||100,000||
|Subtotal||250,875||
|ENTREPRENEUR AWARDS||||
|Entrepreneur
Asvards 0 (2023),45 (2022)||0|198,000|
|Subtotal||0|198,000|
|~En bjg~rgrvr
tlLme||||
|Enable Grants||239,921|172,816|
|Subtotal||239,921|172,816|
|StVIILEY BUSES&f50K||||
|Smiley Buses||144,314|142,508|
##
##
|Subtotal||||144,314|142,508|
|---|---|---|---|---|---|
|DI
RETIONARY GRANT &|||850k - Paid|||
|Derwen College||||0|50,000|
|UBSCovid|Recovery|||0|80,000|
|26 (2023), 17 (2022) Discretionary|||Grants under f50K|301,064|90,551|
|~ut tal||||301,064|220,551|
|Unrestricted|Le|||||
|Active Hope||||174,900||
|YProject and Room at the Inn||||60,000||
|Warrington|Youth Zone|||75,000||
|Homestart
Warrington||||32,145||
|Warrington|Conununity|Transport||32,145||
|~Subtota||||374,190||
|Total||||14,150,283|52,851,159|
##
|FIXEDASSET|INVEST(VIENTS|||
|---|---|---|---|
||||Listed|
||||investments|
||||f,|
|MARKET VALUE||||
|At I April 2022|||283427,414|
|Revaluations|||(18488,554)|
|At 31March 2023|||264,838,860|
|NET BOOK VALUE||||
|At 31March 2023|||264,838,860|
|At 31March 2022|||283,227,414|
|Cost or valuation|at 31 March 2023 is represented|by:||
||||Listed|
||||investmeats|
|Valuation
in 23|||264,838,860|
|N tes|to the Financial|Statements|- continued|- continued||||
|---|---|---|---|---|---|---|---|
|for the|Year Ended 31March 2023|||||||
|14.|DEBTORS:|AMOUNTS FALLING DUE WVITHIN ONE YEAR||||||
|||||||319.23|31.3.22|
|||||||f||
||Prepayments|and Accnted Income||||196,767|4,249|
|15.|CREDITORS: AMOUNTS FALLING DUE WVITHIN ONE YEAR|||||||
|||||||31.3.23|31.3.22|
|||||||5|f|
||Taxation and|social security||||6,253||
||Other creditors|||||16498,149|19,388,350|
|||||||16404,402|19,388,350|
|16.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE|||||YEAR||
|||||||31.3.23|31.3.22|
||Other creditors|||||53,044,461|44,724,395|
|17.|MOVEMENT IN FUNDS|||||||
|||||||Net||
|||||||movement||
||||||At 1.4.22|in funds|At 31.3.23|
||Unrestricted|funds||||||
||General fund||||255)155,474|(23,853448)|231402,226|
||TOTAL FUNDS||||255,155,474|(23,853448)|231402,226|
||Net movement|in funds,|included|in the above are as follosvs:||||
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
||Unrestricted|funds||||||
||General
fund|||9,353,867|(15,543497)|(17,663,718)|(23,853448)|
||TOTAL FUNDS|||9453,867|(15,543,397)|(17,663,718)|(23,853,248)|
##
##
||||Net||
|---|---|---|---|---|
||||movement||
|||At 1.4.21|in funds|At 31.3.22|
|Unrestricted|funds||||
|General fund||304,658,471|(49,502,997)|255,155,474|
|TOTAL FUNDS||304,658,471|(49,502,997)|255,155,474|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds
f|
|Unrestricted|funds|||||
|General fund||6,507,796|(54,199,977)|(1,810,816)|(49,502,997)|
|TOTAL FUNDS||6,507,796|(54,199,977)|(1,810,816)|(49,502,997)|
|||||Net||
|---|---|---|---|---|---|
|||||ntovement||
||||At 1.4.21|in funds|At 31.3.23|
||||f|g||
|Unrestricted||funds||||
|General|fund||304,658,471|(73,356,245)|231,302,226|
|TOTAL|FUNDS||304,658,471|(73,356,245)|231,302,226|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources
f|expended
f.|losses
f|in funds|
|Unrestricted||funds|||||
|General|fund||15,861,663|(69,743,374)|(19,474,534)|(73,356,245)|
|TOTAL|FUiNDS||15,861,663|(69,743,374)|(19,474,534)|(73,356,245)|
##
##
|e
r an F|undation|undation|undation|||
|---|---|---|---|---|---|
|Detailed Statement ofFinancial Activities||||||
|for the Year Ended 31||March 202||||
|||||31.3.23|31.3.22|
|INCOME AND ENDOWMENTS||||||
|Douations
and legacies||||||
|Donations
including|gift aid|||478491|13,740|
|Investmeut
income||||||
|Investment
income||||8,875476|6,494,056|
|Total incoming
resources||||9/53,867|6,507,796|
|EXPENDITURE||||||
|Investment
management|||costs|||
|Portfolio management||||1,050,716|1,090,297|
|Charitable
activities||||||
|Charitable
activities||||14,150483|52,851,159|
|Support costs||||||
|Management||||||
|Wages||||256,503|146,718|
|Sundries||||64g52|95,733|
|||||321,455|242,451|
|Finance||||||
|Bank charges||||1,144|1,335|
|Governance
costs||||||
|Auditors'
remuneration||||12460|14,700|
|Professional
fees||||7,439|35|
|||||19,799|14,735|
|Total resources
expended||||15,543,397|54,199,977|
|Net expeaditure
before gains and losses||||(6,189,530)|(47,692,181)|
|Realised recognised|gains||and losses|||
|Realised gains/(losses)||on|fixed asset|||
|investments||||(17,663,718)|(1,810,816)|
|Net expenditure||||(23,853,248)|(49,502,997)|