2022-08-31-accounts

Trustees		Mr M R Feeny (Chair	Mr M R Feeny (Chair	Mr M R Feeny (Chair	from 07.11.22)
		LLB
		Mr H E R FitzHerbert			BA (Hone)
		PGCE
		Mr Edward	Rice FRICS
		Mrs Kirsten	Pankhurst
		Mr P R Vicars MA
		Mr AJ Cross LLB(Hons)
		Mr M R Cashin		MA
		Mr NPTurner				(Appointed	7 November
						2022)
Charity number		1068650
Auditor		Xeinadin Audit Limited
		2 Hilliards	Court
		Chester Business Park
		Chester
		Cheshire
		CH4 9QP
Bankers		National Westminster			Bank Pic
		2 Grange Road		West
		Birkenhead
		Wirral
		Merseyside
		CH414DF
Solicitors		DWF LLP
		5St Paul's	Square
		Old Hall Street
		Liverpool
		Merseyside
		L3 9AE
Investment	advisors	Rathbone	Investment		Management
		Port ofLiverpool
		Pier Head
		Liverpool
		Merseyside
		L3 1NW

			Page
Trustees'	report		1-2
Statement	oftrustees'	responsibilities
Independent auditor's		report	4-7
Statement	offinancial	activities
Statement	offinancial	position
Statement	ofcash flows		10
Notes to the financial		statements	11 - 20

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
		Notes
Income from:
Donations and legacies			194,305	68,161	262,466	193,557	19,861	213,418
Other trading	activities		1,941	25,495	27,436	1,837	7,929	9,766
Investments			154,913	2,203	157,116	148,351	2,198	150,549
Total income			351,159	95,859	447,018	343,745	29,988	373,733
~E* dlt
Raising funds		6	37,594		37,594	37,724		37,724
Charitable activities		8	185,920	55,750	241,670	155,883	51,288	207,171
Totalexpendlture			223,514	55,750	279,264	193,607	51,288	244,895
Net gains/(losses)		on
investments		12	(728,572)		(728,572)	918,857		918,857
Net movement	in	funds	(600,927)	40,109	(560,818)	1,068,995	(21,300)	1,047,695
Fund balances	at 1 September
2021			6,277,332	95,932	6,373,264	5,208,337	117,232	5,325,569
Fund balances at		31 August
2022			5,676,405	136,041	5,812,446	6,277,332	95,932	6,373,264

							2022	2021
						Notes
Fixed assets
Tangible assets						13	48,968		51,996
Investment	properties					14	455,154		340,108
Investments						15	5,272,828		5,935,167
							5,776,950		6,327,271
Current assets
Debtors						17	14,400	21,499
Cash at bank		and in	hand				198,739	211,615
							213,139	233,114
Creditors:	amounts		falling		due within
one year						18	(177,643)	(187,121)
Net current	assets						35496		45 993
							5,812,446		6,373,264
Total assets		less current			liabilities
Income funds
Restricted	funds					19	136,041		95,932
Unrestricted		funds					5,676,405		6,277,332
							5,812,446		6,373,264
The financial		statements		were approved		by the Trustees	on .k6..~.......+~fr

					2022		2021
				Notes	6		6
Cash flows from operating	activities
Cash generated from/(absorbed			by)	22
operations						11,287		(26,394)
Investing activities
Purchase of investment property					(115,046)		(7,190)
Purchase ofother investments					(701,922)		(867,631)
Proceeds on disposal ofother		investments			635,689		807,507
Investment income received					157,116		150,549
Net cash (used in)/generated			from
investing activities						(24,163)		83,235
Net cash used in financing	activities
Net (decrease)/increase in	cash and			cash
equivalents						(12,876)		56,841
Cash and cash equivalents	at	beginning		ofyear		211,615		154,774
Cash and cash equivalents	at		end of	year		198,739		211,615

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2022f	2022 8	2022 6	2021 6	2021 6	2021 6
	Donations	and		gifts	194,305	68,161	262,466	193,557	19,861	213,418
4	Other trading			activities
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2022	2022	2022	2021	2021	2021
					6	6	6	5	f	f
	Income from		energy
	created				1,941		1,941	1,837		1,837
	Fundraising		events			25,495	25,495		7,929	7,929
	Other trading		activities		1,941	25,495	27,436	1,837	7,929	9,766
5	Investments
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2022	2022	2022	2021	2021	2021
					6	6	6	9	f
	Rental income				27,500		27,500	27,500		27,500
	Income from		bsted
	investments				127,358	2,203	129,561	120,528	5,399	125,927
	Income from		unlisted
	investments								(3,201)	(3,201)
	Interest receivable				55		55	323		323
					154,913	2,203	157,116	148,351	2,198	150,549

6	Raising funds	Raising funds
					Unresbicted	Unrestricted
					funds	funds
					2022	2021
					E	E
	T~Ch
	Depreciation and impairment				3,028	3,028
	Investment	mana	emen		34,566	34,696
					37,594	37,724
7	Charitable	activities
					Grants	Grants
					payable	payable
					2022	2021
					E	E
	Charitable	donations			19,910	13,131
	Grant funding of activities (see note 8)				215,840	190,617
	Share ofsupport costs (see note 9)				260	123
	Share ofgovernance			costs (see note 9)	5,660	3,300
					241,670	207,171
	Analysis	by fund
	Unrestricted funds				185,920	155,883
	Restricted	funds			55,750	51,288
					241,670	207,171
8	Grants payable
					2022	2021
					E
	Grants to institutions:
	Birkenhead	School			215,840	190,617

Support	costs
		Support	Governance	2022	Support	Governance	2021
		CoatS	CoatS		costs	cosbi
		f	8	6	8	8	6
Sundries		260		260	123		123
Audit fees			3,500	3,500		3,300	3,300
Legal and	professional		2,160	2,160
		260	5,660	5,920	123	3,300	3,423
Analysed	between
Charitable	activities	260	5,660	5,920	123	3,300	3,423

2022	2021
Number	Number

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			8	f
Revaluation	of	investments	(750,783)	865,391
Gain/(loss)	on	sale of investments	22,211	53,466
			(728,572)	918,857

Tangible fix	ed assets
			Fixtures snd fltunas
			6
Cost
At 1 September 2021			75,704
At 31August	2022		75,704
Depreciation	and impairment
At 1 September 2021			23,708
Depreciation	charged	in the year	3,028
At 31August	2022		26,736
Canying amount
At 31August	2022		48,968
At 31August	2021		51,996

14	Investment	property	property
					2022
					8
	Fair value
	At 1 September 2021				340,108
	Additions through		external	acquisition	115,046
	At 31August	2022			455,154

Cost or valuation
At 1 September 2021		5,853,539	81,628	5,935,167
Additions		701,922	11,121	713,043
Valuation changes		(750,783)		(750,783)
Disposals		(624,599)		(624,599)
At 31 August 2022		5,180,079	92,749	5,272,828
Carrying amount
At 31August 2022		5,180,079	92,749	5,272,828
At 31 August 2021		5,853,539	81,628	5,935,167
			2022	2021
				8
Investments at fair value	comprise:
Government stocks			226,782	210,336
United Kingdom equities	and funds		1,845,999	2,164,231
Overseas Equities and funds			3,107,298	3,478,972
			5,180,079	5,853,539

18	Financial	instruments			2022	2021
					E	E
	Canylng amount of		Rnanciat assets
	Instruments	measured	at fair value through	profit or loss	5,180,079	5,853,539
17	Debtors
					2022	2021
	Amounts	falling due	within one year:		E
	Other debtors				14,400	21,499
18	Creditors:	amounts	falling due within one year
					2022	2021
					E	E
	Other creditors				166,450	176,577
	Accruals and deferred		income		11,193	10,544
					177,643	187,121

			Movement	in funds			Movement	in funds
		Balance at	Incoming	Resources		Batence at	Incoming	Resources	Balance at
	1	September	resources	expended	1	September	resources	expended	31August
		2020				2021			2022
						E			E
Bursaries		111,776	21,764	(40,617)		92,923	70,364	(35,840)	127,447
Fundraising
activities		5,456	8,224	(10,671)		3,009	25,495	(19,910)	8,594
		117,232	29,988	(51,288)		95,932	95,859	(55,750)	136,041

20	Analysis of net	assets between	assets between	funds
			Unrestricted		Restricted		Total	Unrestricted	Restricted	Total
				funds	funds			funds	funds
				2022	2022		2022	2021	2021	2021
				6	8		6	f	8	6
	Fund balances at 31
	August 2022 are
	represented by:
	Tangible assets			48,968			48,968	51,996		51,996
	Investment properties		455,154				455,154	340,108		340,108
	Investments		5,145,381		127,447		5,272,828	5,842,244	92,923	5,935,167
	Current assets/giabilities)			26,902	8,594		35,496	42,984	3,009	45,993
			5,676,405		136,041	5,812,446		6,277,332	95,932	6,373,264
21	Related party transactions
	There were no disdosable		related	party transactions during			the year	(2021 - none).
22	Cash generated	from operations							2022	2021

22	Cash generated from operations						2022	2021
							8	8
	(Deficit)/surpus for the year						(560,818)	1,047,695
	Adjustments for:
	Investment income recognised	in statement			offinancial	activities	(157,116)	(150,549)
	Gain on disposal of investments						(22,211)	(53,466)
	Fair value gains and losses on	investments					750,783	(865,391)
	Depreciation and impairment oftangible			fixed assets			3,028	3,028
	Movements in working capital:
	Decrease/(increase) in debtors						7,099	(6,912)
	(Decrease) in creditors						(9,478)	(799)
	Cash generated from/(absorbed		by) operations				11,287	(26,394)
23	Analysis ofchanges in net funds
	The charity had no debt during	the	year.