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|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||||||
##
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||||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|
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||||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|
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||||||||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|||
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||||||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|
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||||||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|
##
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|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|
##
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##
|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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.||||||