2022-03-31-accounts

Charfty R•gl$tratlon No. 1113708 Company Regl$tr•dan No. 673169B {England and Wale81 P.H.HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE LEGALAND ADMINISTRATIVE INFORMATION Trusteg lan Bakewell Elsp&th Christie Amy de Joia Chris Evered Lesley Martin-wiight lan Matthews Ktrnnelh Ravenscroft Michael Furniss Natan Levy IAppoinled 11 December 20211 5o¢retary Elspelh Chrlslig AdmIn￿trAtOr Anne Edwards Emall administrator phhottfoundatlon.org.uk Telephon• and fax [phone] Wehslte v4Ww.phho￿f0undatiQTr.0Tg.uk Charity numbor 1113708 Company numb•r 5731598 R•gl$tsrèd office 151 Dale Slreel LI￿rpOOl L2 2AH Audltor BWM Suile 5.1 12 Tithebam Street Llverpool L2 2DT Bankers Barclays Bank PIC Liverpool Bran(* 48B- 50 Lord Str88t Liv8ry)001 L2 1TD Handelsbankon 166- 169 Exchange Station Tbth8barn Str￿1 Liverpool L2 2QP

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Shawbrook Bank Lulaa House Wartèy Hill Business Park Great Warley Breniwood Essex CM13 3BE Soll¢ltors Brabners LLP Horton House Exehange Flags Llverpool L2 3YL Inv•stmènt manag•rs Ruffer LLP 80 Vi¢lo¥ia Street London SW1E 5JL Troy Asset Management Limited Brookfield House 40 Davieg Street London W1K SJA Kennox Asset Management Limited 23 Melville Street Edinburgh EH3 7PE Evelyn Partn&r$ Iformedy Tilnèy Inveslm&nt Managem•nti Royal Liver Buikling Liverpool L3 1NY

P. H. HOI.T FOUNDATION COMPANY LIMITED BY GUARANTEE CONTENTS Poge Chai¥person's Btalemenl TrLislees' r8port. Slatement of Trusleeg responsibilitsos IndependenT audilL)Is iepDrt 8-11 .8191￿.￿7￿nT ¢f r (Iriclurlii)g income and expenditure acC¢￿ntI 12-13 Elalancg 51ieel 14 Noles lo the finan¢4al Slalèmenls 15.3J

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE CHAIRPERSON'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 Following the succpssful Emergency Programmg 9Stablished al the start of the pandemic, the Iruslees launch8d The Resilience Fund in July 2021. Whgr¢as the Emergency Programme in 2020 was diTecled towards the benèficiariès of the organisalions we support, partlcularly in the arèa of food dislribulion, the aim of the new in51ialive was lo address the $ustainabilily (bf the tsrganisalions thems8lv8s. Targal&d 8t th8 areas of young people, mental health, and domestic vi0ltsn￿, il Sèt out to hèlp eharllies recovor 8fter thè pandémic and 8nsure that th6 services they offer could be maintaingd In the near and medium term in the light of Income shortfals and the endlng of other funding streams. The Resilènca Fund Saw ovèr £425.000 dislribul&d lo 49 organlsaligns. This brought the totsl awarded in Covid-19 response funds to over £726,000 durlng 2020 and 2021. Our rggular quarterly grant programme w8S continued throughout the year with £440,767 appioved in grants lo 60 organisalions. Including monies dlslribuled through thg Holt Educallon bursory pro9ramme. the lolal grants commilled in the yearw8S iljst ov8r £866,000. The ending ol the Foundation'8 year Saw the start of the tragic war in Ukraine. In addilion to the conflict's horrSflG toll on lives, many ol our communities are expected lo be sevtsrdy impacted by inc¥eas8d energy and food prices aiising from the war. Given the enormous diffi¢vlti¢s that lie ahead. we are keeping Our grant funding above our normal level in 2022-2023. In dosing, I would like lo thank all my lttllow Irusl8ès and our administrator Anne Edwards for their commltment 8nd hard work in another difficutt year. In particular. I would like lo pay tribute lo our much-valued fellow Iruslee, ¢olle8gue, and friènd, Ann Crolty who p8SS8d away in October 2021. Ann brought her lively spiril and down to earth pragrnalism lo champion causes alfo¢ting communities in Sèfton where she had Spent mo81 ol hèr working lil8. Wè miss her. and the subslanlial conlribullon she made to the h'ves ol many people In Mer8ey$ide. 04 Lw- lan BaTrewell Chalr

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Tru$tee8 prgsgnl their report and firtandal statomenls for the year ended 31 March 2022. The fflnancial slatèmenls have been prepared in accordance with the accounting poliThe8 Bet out in note 1 to the financial stalèmenls and comply with Ihe Charity's governlng documènt, Ihe Companies Act 2006 and 'Accountlng and Reporting by Ch8ri1ies'. Slal¢ment of Rècommend¢d Praclice applicablo lo charities preparing their 8¢counts in accordance wilh the Financial Reporting Slandard applicablè in the UK and Republi¢ of Ireland IFRS 1021. {as amended lor ac¢ounling periods comm¢ncing from 1 January 2016) Oblectlves and actlvitlèi The P H Holl Foundation Is a regFs18red charity, number 1113708, and charitable company in￿rporated on il March 2006. The objects of the Ch8rily are lo acquire "all the assols and undertaking (including all liabllilic.sl of Ihe P H Holl Charitable Trust (as originally declared by a deed of Trust. dated 15 Fobiuary 1955} lihe "Trusl'l and then to apply the inveslmenls and other asstsls of the Charty from lim8 10 limtr, whethèr 8r¢sing frum Ilie aforesaid Icquisilion or t)Iherwise, and whether Income or capital, lor ¢harilable purposes In the Uniled Kingdom of GrLJal Brilaiii and Northern Ireland. and els8where a$ the Charity In Ils absolula discretion shall thir,k fil. lo tl)e intent tlial, bul without prejudice lo the genefality of the foTegoing. the principal area of activity of Ihe Charity. sF)411 be Iha Merseyside arga" The P H Holt Foundation also acts as sole Corporat8 Trustee lo Hott Educallon Trust, established by Trust Deed on 11 June. 1915, 'for the protnolion and encouragement of hlgher education among the iiihabitanls ol tho City of Liverpool, and the Hundred ol Wesl Derby and lh¢ Hundred of Wirral" The oiiyins of both ¢harilies derivo from the m8rilime endeavours of Philip Henry Holt, who in 18&5, tog¥ther with his brolhÈr Alfred, founde(S th8 Ocean Steam Ship Company Limited in Liveipooj. The Company flourishtsd across five conlnpnts and for over a century gain8d wldespread acclaim as one of lh8 largesl merchant shlpping fleols in the UK. In the 1980's Ihe cornpany movéd ils headquarters to London, whereupon the FouridAlk>n became solo benefi¢lary of Ocèan Steam Ship'8 collection of nautical memorabilia comprlslng., palnlings. shlp model historlcal documènts, and seafaiir¥J artéfa¢ts. Theso are on permanent display al tho Mers8yside Mdrilirv.e Mu$(3um in the Royal Albert Dock, and shed light on the maritime heritage of Liverpool as tha ivorld's biJs,'e81 trading port. Pliilip 54011 had distinct philanlhroplc Interests during his lif&lime. Th& Foundation work8 to carry on Phlllp's social coneierns by supporting iniliatlV8s that are ro11eclive of his c4vic values, and allow paople to make a rBal difforellcg lo the communitie% In whlch they live and work. T1￿ P H Holl Foundation awards grants accordlng lo fiv8 prfofity thgmes, and which help communili¥s and rtharitabltr organisalions create a better futur& for the people of Merseyslde. Cr88liiig opportunities for people to contribute lo their local commun5ty Enabliiig peop5& lo overcom8 bairiers • Widoning access lo educatKJn for all ages Incre¢ising pngagèment in the arts for excluded groups En¢ouraging care of the natural and built environmenl. In taking this broad approach to Ils act￿1110$, thè Trustees confirm Ihal they ha￿ had règard lo the eharily Commi$sion's general guidance on public ben8fil.

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 A¢hlovomgnis and porfomianc• During 2021122, tho P H Holl Foundation and Holl EducatiDn Trust received wri118n applications from 213 registered charities and university students 1279.. 20201211. Nin&toen Merseyside 8tudenls were awardèd bursariès through Holl Edu¢alion Trust which 5penl £10.000 lunding soclal science, nautical and engineerfng degrees. Gf8nts 10 108 organisallon$ w8ra worth £856,2131£679,472.- 2020r21 comprising 132 award8}. The awards were split bolween Th& Re$ilien¢è Fund. supporting inlr8slru¢turè cosls, and the regular quarterfy grant programme. The Resill&nce Fund distributed 49 grants worth £425,446, compar8d lo £430.767 in grants lo 59 organi8ations through the quarterly programme. The Foundation continued its slaun¢h support of small and m8dium syied organisations which re¢èlvad over 90% of available funds 8nabling up k) 23,000 children and adults lo improve Iheir health, welkbeing and remaln connected lo their Iocgl community. The average grant rose during the period from £5,150 10 £7,925 refflecling ¥ higher nurnber of chaiilies seeking salary costs. Further details are sel out In Notes 5 and 6 to tho Financial Stalém8nts. The number ol Ineligibl¢ applications. outside ol grant making LT((8fla. represented just under a quarter al 230A of applicalion8 ieceivgd. down from a prior year total of 2V/fj. Flnancial r•vlgw The iesults for th8 year ending 31 March 2022. are sèt out In the Statgmenl of Financi81 Activities on page 12. Totsl incoming re80urces Iiom Investments and Interèst were £292,998 for 2021122, up from £192.162 for 2020121. Resources expended rose lo £921,826, ¢omp8rod lo the pievlous y&ar of £753,892 {20201211, reflodlve of Ihe Increased grant making. Investments as al 31 March 2022 stood al £22,285,520 - an increase of SQk on the previous yearfs closing position of £21.200,920. These Changes take into accDunl a parbal withdrawal of £600,000 fiom Ihe investment holdiiig in the Kennox Strategic Value Fund. Net expenditure before Investmènt gains and 1088es was £628,828 {£561,730.' 20201211. With tha n8t gain8 on invtsslmenls of £1.677,9171£3,197,147'. 20201211 there was an OVaTall addllion of £1.049,089 1£3,197,f471 to the value of th¥ funds hold by the charity. For 2021122, the nel ciosing assel posiuon ￿rne lo £23,522.536 (£22,473,447.. 2020121). Reserve$ We inherit from the Trustees of P H Holl Charitable Trusl an awareness of our obllgalion lo balanc8 the needs ol currgnl and future charitable beneficianes. The Charity funds èxppndilure from invtsslments and has th$ freedom to spend both income and capital, piovid8d the core endowment of the Holt Education Trust is preserved. Th8 Trustees do not consldar the underlying capital lo bè rg$8N¢s since thèy fom) thè 501e souicg of revenuè for Ihe Foundalion and the investments held prDvid8 a relatively secur¢ and stable slre8m of incorne from which lo make granls.

P. H. HOLI. FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTE&S' REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) roR THE YEAR ENDED 31 MARCH 2022 Fund Structure, 1Th￿St￿￿nt Pollcy and Performance Under the term5 01 Ils Memorandum and Articles of Assoclalion, P H Holt Foundation may spend ￿pital. &8 well as inctsme, for ch8rilable putpos8s in the United Kingdom And elsewhere. The accumulated funds cl the Chaiily arè therefo￿ unrestricted fvnds for the purposes of charSly law. Transfers are made from investmonl$ lo cuirent assets. as and when Ilabllilies or requirements fall due. Our investment obloctivo Is lo preststve th6 value of capital in real t$rm$ to sustain our long-lerin granl-making and future activitie8. Our iiivestmenls wllh Ruffer LLP, Troy Asstsl Management Limited 8nd Konftox Asset Management Limited aro held in cornposlle funds. We have confidence in our Investment ManagorB' abilkle8 19 look dfter our funds wisely in oveT changlng financial markets and are sali8lied with their p&rformance. In rlccordance wilh th& Trust Deed. income froin Holl Education TILISI can be used for srier.ifi'èrt ediicalional purpr)ses ijnd its capital is m$lricled as a permanent endowm*)nl in ch8rity law. Tho Htrll F.du(J¢l1itsn Trust ei)dtswmant is Inanaged in a segregaled portfolio with balanced inveslmg1i1 objectlves. WÈ are silisfied that tho Maiiager al Tilney in Liverpool meets these objeeiive5. Rl$k Manlgèmtnt The Trusl¢gs continually revi&w the major 51fal8glc, buslness, and operallonal risks to which the Charity trA)uld be expo%ed ai?d havè an agretrd risk assessment policy lo miligal8 signtficanl Fisks. A formal review of performance auainsl the identified risks15 conducted annually, Teporting inlo the Board. The Tru51ees aTe satisliod Ihal Ilie syslèni of inletrial Gontrols and ongoing reviews curienlly in place is adequalo. Key Risk£ include.. Lo￿fin￿￿￿t￿￿￿l. The P H Holl Foundation h88 adopted an inv&stment policy whlch seek8 lo opliniise performance Ihrougl) a diverslfied asset portfolio, tnonitored monthly and revlewed al each Btsard hP.oLJliiig. The Trusle>s takè an active role in portfolio rnanagemenl wilh Fund Managers, ro¢9iving Iiiiarterly rg.liilrts u inveslmenl performance. 8rid more formal annual m¢elings lo review strategies and rnarkel CL¥iidilions. Grants made as Rèstricted Funds whefe recipiènt charities could apply the grft to other purposes, or not incur the oxpenditurè. In order lo guarantee that funds are usèd for the Intended piii'ooge, and as sperllied in tho grantee's written application, specific terms ar& eslabllshed at the OLilsel ol ? grant award.11 a funded programme undergoès signifi¢anl adjuslmenl$, as il did during tha pand¢mic. Ihgy arp IILigJliatèd in wrilirig with the charity. Rplum ol ¢a8h is rÈquired for unapproved alterations. Our monitoring process and routine visits by Trusteès and Ih8Adminislialor mlnlmise changes lakii)y plaL willioul the foundation's approval. A f(nal PfQgress report from each graiilee enables further monlioring of chièvements agalnst Ihè original appllcalion. The Foundation has secuiity polici95 In pla¢e and $ollw￿e lo protect agalnst virusas and inlrtssions. Risk is millgaled through a Rlsk Assessment poll¢y, Bu$lne8s Conlinuily Plan, and Cloud based back~up seNices. The necessary permissk7ns and agregmenls are oblain8d In the processing and storing of data in accordance with GDPR legislallon. ￿￿01￿. The Trusl&8s have a delailed policy with 8peafic prO￿d￿re9 in place Tegardlng potential confiicts ol Iiileresl for grant maknng and operaiional decisions. There wefe no seriou8 iJicldan18 iecorded during the year ended 31 March 2022.

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Futur• plans Followlng two yèars in which The Foundation significanlty raised its granl-making in respons& to thè Covid~19 ¢risis, Irust8ès intend to invest £500,000 in the coming yèar on activiiies Ihat further our established funding priorili85. While no new funding programmes will be launchèd, the Foundation has modlfied 115 requirements for organisalions looking for grealei inliaslruclurg, salary. and core support. P8rtlcularly 3tnaller o¥ganisalions that are more vulno18ble lo econornic downturns. All MerseysKle charities who fil the slated grant and fundiny priuriil&s are welcome lo submit proposals lo the Ivustees. Slructuro> goveTnance and managoment The Truslees, who are also the directors for the purpose ofcompony law, and who 8erved during lh8 y8ar and up to tha dalo of signature of the finan¢lal 5talemenls were.. lan Bakewell Elspolh Christie Amy dp Jola Chrls Evered L8sl8y Martin~Wiight lan Mallhews Kenneth Rav8nscroft Ann Crolly Michael Furnlss Natan Le Gralnne Cuerdèn {Dg¢eased 23 Oclober 20211 {Appolnled 11 December 20211 {Appolnled 11 June 2021 and resigned 18 February 2022) The governing instruments specify that thèra musl b8 al least foLtr truslgos. One third of INslèes retire each y￿r bul may be re-appointed subjecl to various 8afeguards. The Trustees agree the strategy and bToad araAs of activity for the Foundation, and each year, forrnalty review whether their ¢olle¢live skills and @xp8ri8n¢e remaln adequate lor tho ntsed5 of the Foundation. New appoinlmeiils are chosen with a view lo maintaining the Board's knowledge, ethos, and independencg. Appropriate training and induction is provided, normally by mean5 of meetings and dis¢US5ions with individual Trustees and the Administrator. accompani8d by partiC4paling in commillga meeting8, and, a8 required, confeK8nces 8nd $eminars. Tru$1&9s rectsive updates and informal training through regular briefings and bullo1ins.-fhe Foundation is a member of the Associalion ol Charit8ble Ff)undalions IACFI and National Council lor Voluntary Organisalion$ {NCVOI. Both organisalion$ provlde Information on good practice. 9overn8n¢tr, and changes in legislation. Trusloes meet four times each year lo consider and revigw inveslm8nts and reserves, risk rnanagemenl policies, financial performancè, and grant awards in addlllon to dedicating lime lo an annual strategy day. All binding decisions 8boul any aspecl of the Ch8rSly are only made al a full m8eling. To support the grant making procgss, a sub-cornrnittee assesses 811 appllcallons lo the FoundatiOVb prior lo the lull meeting, and wherè it is considered nécessary or desirabl$, visits are arranged lo gain a better understanding of a charilys request. Guidelines on how lo make a granl application, together with the eligibillty criteria. are p051ed on the Foundation's website lww.phhollloundallon.org.ukl. All applications are considered but the Truslees rosetve tho right to turn down applications, albeit appearing to fall within Crite￿a, due lo the volume of r¢qugsts. The Adminislralor is reypon5ible for the day-to-day management of thè Charfly, Including conlact with aclLtal and potgnltal 9ranl refipienls. and wilh thg Foundation's various assoc491es and slakeholders.

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORTI ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Audltor In accordance wilh the cornpany's arilcles, a resolution proposing that BVVM b8 reappolnled as auditor of th8 company will be pul al a General Meeting. Dlsclosure of Inforniatlon to audltor Each of Ih.e-InJsl@8s has confirmed th81 there is no Information of which they are aware ￿lch is relevant Its IFie udil, bol of which the auditor is unaware. They have further conflirned that they have taken appropriat? Steps lo identify su¢h Iplevanl informalion and lo establish th41 Ihe auditor Is aware of such Infoimalion. Tli8 Trustees are I'@&ponsible for the maintenanc8 and integrity of the COTporale and flyi ancial inforiiiatloii incJLided 01) Ihg Charitabl8 Company's website. Lègiglalion in the United lfjngdom goveining the preparation and d1s$9minalion of financial slalemenls may differ f¥om legislallon in olherlurisdiction5. Small Lompany provlBlons This report has been prepared in accordance wilh Ihp special provisions relating Io 8inaY co¥mpanie$ wiihin Parl 15 of the Compxnles Act 2006. The Truste88' report was approved by the Board ofTrustees. ewoll Trustee Dated..1%￿o.l...z

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 Tho Trustees, who are also the directors of P. H. Holt Foundation for the purpose of company law, are fesponsible for preparing the Trustees. Report and the financial slalemenls in accordance with apph'cable law aThJ United Kiiigdom Accounting Slandards Iuniled Klngdom Generally AccepledAccounling Praclicel. Cnmpany Law rèquirè$ thè Trustees lo prepare financial slalements for ¢a¢h ffinan¢ial year which gNe a tTue and fair view of the 518le of affairs of the Charily and ol the incomlng resource8 and application of resource5, including the income and expenditure, of th8 charitable company for that year. In prgparlng these finand81 slalements, the Truste85 are required lo.. select suitable accuunlin9 poliryes and then apply them con8i$lently'. obsi?rve Ihg Inèlhod$ PTinciples in the Charit￿S SORP., . make Iijdgthioiiis and eslimales that arfy r&asonabl& and prudent., slate whell)er app￿Cable UK Accouiiling Standard8 havo been followed, subSect to any material departures disL'Io8p.<l Ind explkained in Ihe financial slalem&nts'. an(1 repare the financial stalom8nts on Iha golng ¢on¢ern basis unless il ts inappropriate lo presurrL. Ihal the Charity will continu@ in oper3tFOn. The Trustees are respDnsible foi keèping adgqu8le a¢¢ounling records that disclose with reasonable ac¢urAcy <1 any time Ihe financial position of the Charily and enable them to ensure Ihat the financial stalemerrts comply wilh Ilie CotTipanie5 Act 2006. They are also responsible for safeguarding the as$et$ of Ihe Charity and h￿e foi laklng r0asDnalile 81ep8 for th& pr&vention and daleclion ol fraud and other irregularities.

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE INDEPF.NDENT AUDITOR'S REPORT TO THE MEMBERS OF P. H. HOLT FOUNDATION Oplnion We have audited the financial 8lalèmenls of P. H. Holt Foundation Ilhè 'Charily'l for the year eilded 31 MArc¥i 2022 whidi Comprise tho slalemenl of financial activiligs, thè balance sheel and notes Its th financial slJlemeiils, Including significai)l accouiiling policies. The finan¢ial reportlng framèwork Ihat has bÉen applied in Ileir prppiralioii is applicable law arid Unlled Kingdom Accounting Standards. Including FinanLial R8porbiig ,glandard 10?. 'fii6 Finaricial Ropoiting Standgrd 8pplicabl& in the UK and Republio ol Ireland Iuniled Kingdom Geiierally Accapled A¢counling Practice). In our opinion, lh8 financial statemenls-. give a tru& and fair view ol the stale of th& charltable coirpanls affair3 as 813.1 March 2022 a￿ld of its in¢.omlng resourres and appllLalion of resource8, for th8 yèar then ende(I". have been properfy prepa￿￿ in acLordance wllh United Kingdoni Generaly Accek)led Acrouilliiiu Pra¢li(£', and avè been prepared in accordance with th8 ￿qU￿er17enIS of the Companles Acl 2008. Ba$ls for oplnion We coiiducled our audit in 8ccor¢Jance with Inlernalional Stsndards on Audilirig Iuw IISAS IUKII and 8pplirdble law. Our retsponsibilili¥$ vndeT those standards are furthèr dè$¢ribed in Ihg Audilorfs ￿.￿Onsibl￿NE1￿S lor Ihe &udit IhÉ fii?anual stalen￿￿1$ section of our report. We arg independent of th& Charily in 8¢¢0rdance wllh the elhical Ioquiremenls that are relevant lo our audit of the financial slal•menls in the UK, including 11)e FRC'S Ethical standar'd, and we have fulfilled our other elhical resptsnsibilities In 8c¢ordanc& wllh these requirpmènls. Wo believ Ihal th9 auoll ovldence we have obtained is suffici•nl and approprlale lo provide a basis for our opinion. Con4lu¥lon8 relatlng to golng concem In auditing Ihe financial slalemenls, we have concluded that the Truslees, u8e of th8 going conc.eTn basis DI ao¢ounling In Ihp preparolion of the financial $lalements is approprlat8. Based on tho work we have ptrrformed, w6 have not identifi&d any rnaterl81 un¢erlainlies ￿latsng lo evbn18 or cond￿￿n5 that, individually or colled'vely, may ca81 significant doubl on tha Charity's abillty to contiriLie ag a going concern foi a period ol at laa$l twelve months from when th8 fts)ancial stalemgnls are author+sed for i8sLto. Our rosponsibililies and the responsibili1188 of the Tru$leos wllh respect lo uoing conc6rn aro rtesciibed In Ihe r&levanl sections of thls ieport. Othor Infomiatlon The ollier information comprises the iriformallon Included in the annual report olheT than the financtal slatomenls and our audilorfs repurt therean. The Trustegs are responsiblè lor Ihe olher infoirnalion conl¢iined wiihin Ilirb anniiial report. Our opinion on th9 finandal statements does not covèr the other infoimalion and, except lo th8 eAlent olhetvilse expliotly staled our report. we do ntsl express any form of assur8n¢e condusion Ihereon. In connection with our audit ol the financlal slalements, our respon$lbllily is lo read Ihe olher infonnalksn an(1, In doing 80, consider whèthèr the other Information is m8terially incon$islenl with the flnancial statéments or oui. knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identifi sudi material Incon$islen¢Ses or apparent malerlal misstalgmenls, w8 arè required lo delemlne whplher Illis gIVeS rise lo a material misol8lemenl in the financial 51atemenls Ihemselves. If, based on the work we have perfoimod, we conclude Ihal there is a malerlal misstal8m8nl of Ihls other Information, we are roquired lo r8POrt that fact. We hav9 nothing to report In this regard. Opinlans on other matt•rs pres¢rlb•d by the Compan1•$ Act 2006 In our opinion. based on the work undertaken in the course of our audit.. the information given in the Truslee8' repori for the ffinancial year for which the flnanbial sialernenltJ are prepared, which includes the dire¢lor$' report prepared for the purposes of company law. is etsnsislgnl with tha financ181 $talemenls', and the direclors, roport Induded wilhln Ihfy Tru8lee5' report has been prepared in accordance wilh appbi:abla legal requirements.

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE MEMBERS OF P. H. HOLT FOUNDATION Matt•rs on which w• ar• r•qulr•d to report by exception In th8 light of the knowledg¢ and understanding of Ihè Charity and ils enviTonmenl obtained In the coursa of Ihe audit, we have not Klenlified material misstatements In the dir8clors' report included wllhin the Trustees. report. We have nothing to report in respect of the following mallers #i relalion lo whl¢h the Companies Act 2006 requires us to report lo you if, in OUT opinion.. adequate accounting records have not bBen kepl, or returns adequatè for our audil have not been raèAived Irom branches not visited by us,. or the financial statements are not in agreement with Ihe a¢￿untIng records and rolums., or certain disdosure8 of Irust&es' remuneration speciffied by law are not made- or we have not receivod all the inforrnalion and explanations w8 require for oui audlt., or thè Trustees wére not enlilled lo prepare the flnancial slalemenls In accordance with Ihe small eompanies fegime and tske advantage of the small ￿mpanIeS, exemptions in preparing the Trustees, report and from the r8qiiiremenl lo prepare a slral¢gic report. Re5pon$lbllltl•$ of Tru$t098 As pxplained more fully in Ihe slalemenl of Trustees, r¢$ponsibililies, the Truslees, who are also the dir8¢1ors of the Charbty for Ihe purpDsa of company law. are responsttjle for the preparalion of Ihè financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control a5 the Tru8lees delermlne is necessary lo tnablp Ihg prgparallon of financial s18lemonls that are free from m8leriAI rnisslatemenl, whglh¢r lo fraud error. In preparing the financial slalemenls, the Trust¢ès are responslble for assessing the ChariW$ 8bllity to continue a8 J going toncern. disclosing, as applicable, mallers relaled lo goin9 eonc8rn and using the uolng concern basis ol ac¢ounling unless Ihe Trustees either intend lo liquidat8 th& charitable company or to cease oper8lions. OT have no realislic asternalive bul lo do so. Audltor'$ rospon8lbllltles for th• audlt of tho flnanclal statemvnts Our objeolives are lo obtain reasonable assurance about whether the financial slalemen15 as a whole are free from m31erlal misslalèmènt, whether due to fraud or error, and to issue an auditorfs report that indudes our opinion. Reasonable assur8nce is a hlgh level ol assurance bul is not a guarantee that an audit conducted In a¢cordance with ISAS IUKI will always delecl a malorial misslalemenl when il axists. Misstalemenls can arise from fraud or error and are Considerèd malarial il. individually or in the aggregate, they ￿vId r88sonably be expected lo influence the economic decisions ol users tak&n on Ihe basis of these fin8nci81 slat8menl8. Ir￿gUlarI￿as. including fiaud, are inslan¢e$ of non-compliance with law8 and regulalions. We design procèdures in line with our responsibilities, outlined above, lo del8¢t malarial misslalernen15 in respecl of irfegulariliès, including fraud. The extent lo which our pro¢edures are capable of delecling irregularities, indudln9 fraud, is detailed below.

P.14. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO TIIF. MEMBERS OF P. H. HOLT FOUNDATION Tho extènt to vthlch the audlt was con$ldernd ¢apablg of d•t•ctlng Irrggularitlos, Including fraud Our approach lo Identifying and assesslng the rlsks of material mlssla18menl in respect of irrogularilie8, kicludiny fraud and non-compliance with law8 and regulation$, was as follows.. the engagement partner 8n$ured that thè engagsment leam coll8ctlvely had the appropriate ¢ompelgnce, cap8bililies and skills to identify OT re¢ogni8e non-¢omplian¢e wilh appliL&blo laws and regulallons- we idenllfied Iho laws and regulations appluble lo tho company Ihrough discusslons wllh directors and other management., we flicused on Specif￿ laws and regulations which we considored may have a direct maleTial ¢lfè¢l on tho financial statem¢nls or the operations of the company. Including the Companies Ar.t 2005. laxdtion legislation and data protection, anli-biibery, employmonl and health and safgly legislation.. we asse8sed the extent of compliance with the laws and regulations identified above tlirtsuqh tnakii)g enqulries ol managemgril and inspecling18gal correspondeneo,. and identified Idws and regulations were ¢Dmmunicaled within the audtl team regularly an(1 the leani f8maiiied alert lo instan￿5 of non-compliance throughout the audiL Wo assessed the susceptibility of tho company's financial slalernents lo malerial mlsslalemeiil, t4diidi.lg blainin9 an understanding of how fraud rnighl occui, by.. making 8nquiries of tnanagement as lo where they consldered there was su$cepllb;lily lo ffaud, flièii" kn(yNledgè of aclual. susp6Ctad and alleged fraud.. and r.onsid¢ring th6 inloinal controls in place lo miligale risks of fraud and non-rnmpliance wilh I r8gulaliDns. laws" arid 'ro address tho risk of fraud Ihrough management bias and ov8riide of ¢onlrols, we: performed analytical prO￿dureS lo id8nlify any unusual or unexpected relalionships.. lesled journal entries lo identify unusual Iran8aclion8', assessed whèther judgomenls and assumptions made in determining tho aceounlliig eollriiale indi¢alive of polènlial bias,. and • N)vèsllgated the rallonale behind slgnilcanl or unusual Iransa¢tlon8. In Tesponse lo thè rlsk of ittegularili8s and non-Ciompb'an¢o with laws and r¢9ulalions, we desluntsd procedures which Included, bul were ntsl limited lo.. ayreelng financi81 slalemonl dlsclosures to und&rfying supportlng do¢LNnenlalion'. reading thè mlnules tsf rneelings of thosg charged with govèrnance.. and enquiring of management as lo actual and potential liligalion and daims. There are inhergnl limitations in our audit procedures desctibod above. The more removed that l&ws arid regulations are from financial Iransa¢tlons, the ￿85 likely il is Ihal we would becomo aware of non-compliLgIICe. Auditing slaiidard$ also limit Iho audit procedures requir¥d lo identify nOr￿complIance with laws and reg(Ilalion8 lo enquiry of th& directors and olh8r managemonl and lh8 inspection of regulatory and legal correspondenL&, if aThy. 11lal6rial misslalempnts that arise duè to fraud can bé harder to delecl than those that arise from error as thoy may involve deliberate concealmonl or colluslon. A further description of Qui responsIb￿ltIeS is available on the FinanrAal 11opwlin9 Council's website al.. !?IlpsJl LThi$ description forms part of our audfiorfs report. 10.

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE MEMBERS OF P, H. HOLT FOUNDATION Use of our report This report is made solèly lo the charitable ¢omp8ny's m8mbers, 88 8 body, in accord8nce with Chapter 3 of P8rl 16 of th& Companlos Act 2006. Our audll work has b6en undertaken so Ihal we mlghl slate to tha charl1al￿e company's members those mallers we ale required lo stale to them in an audilor5' Teport and for no olh8r purp(B?. To the fullest exlenl permllted by law, we do not accept ￿ assume re5ponslbilily to anyone other than the charitable company and the charitable company's memb8r8 as a body. for our audit work, IOT this report. or lorlh8 opinlons we have formèd. Loulse Catsey ACA (Senlor Statutory Audltor} lorand on bohalf ofBWM Charterèd Accountants Stalutory Audll¢r 2 December 2022 Suite 5.1 12 fithebarn Street Llv8rpool L2 2DT 11

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARGH 2022 Current flnan¢lal year Unrestrlcted Restrlcted Endowmènt funds funds funds 2022 2022 2022 Tolal Total 2022 2021 Notes ncom Inve51m¢nls 278,412 14,586 292.998 192,162 RaSslng funds 6.164 6,164 5,568 Grant maklng 915.662 915.662 748,324 Total charltable expendlture 915.662 915.662 748.324 Total r050urces exp¢ndgd 915,662 6.1e4 921,826 753.892 Nel gainslllossgs) on investments 1,655,598 22,319 1,677,917 3.758.877 Not Incomlng resources before transfers 1.018.348 14.586 16,155 1,049,089 3,197,147 Gross transfers betwèen funds 17, 18 16371 630 Nel movem8nl In lund8 1.018,355 13.949 16,785 1.049.089 3.197.147 Fund balances al l April 2021 21.786,503 34.465 652,479 22,473,447 19,276.300 Fund balan¢¢8 at 31 March 2022 22.804,858 48,414 669.264 23.522.536 22,473,447 The slalement of Ilnancial gclivilies includes ?11 gains and losses recognlsed In the yeBr. Th8 movernanl In funds detailed above complies with the roquirem8nls for a statement in changes in 8quity In FRS102. All income and expendliure derlve from conllnulng actlvSlles. 12-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIALACTIVITIES IMCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Prlor flnan¢lal yo8r Unr•strlcted Restrlctsd Endowment funds nd$ funds 2021 2021 2021 Total 2021 Not•$ Investments 179,175 12.987 192,162 Raising funds 5,568 5,$68 Grant m8king 748,324 748,324 Totsl ¢harftsb￿ •xpendlture 748,324 748,324 Totsl T￿oUrceS gxpgndgd 748,324 5,568 753.892 Net gainslllosses) on inveslmenls 10 3,V29,839 129.038 3.758,877 Not In¢omlng re8our¢08 ￿lOr* transforn 3,oeo,690 12,987 123,470 3,197,147 Gross Iransf8rs bth88n funds 17, 18 {14,5S21 14,540 22 Net movèment In funds 3.046,128 27,527 123,492 3,197.147 Fund balances al 1 April 2020 18,740,375 6,938 528.987 19,276,300 Fund balin¢•$ at 31 March 2021 21,786,503 34,465 652,479 22.473.447 The slalemenl of financial activities indudes all gains and losses rewgnI8ed In the year. The rn¢)vement in lund8 detailed above cornplie8 with the roquir8m&nlg lor a statem￿1 in changes in equily in FRS102. All income and expendilure derive from ¢onlinuing a¢tlvllle$. 13-

P. H. HOLT FOUNDATION OMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT3,1 MARCH 2022 2022 Not88 Flxed aSfats lartgible a5sels Investinenl$- 12 13 5,000 22,285,S20 21,2W.¥20 22,290.520 21.204,920 Currtsiit assots D•blors Cd4) at baiik And in han 14 124,777 1,125,102 96,887 1.182.742 1.249.879 Crèdltorts.. ontr year 1.279,4d9 mounts falling dug Wlthln 16 {17,863} 111,0021 PQet current tlssels 1.232,916 1,267.b27 Totsl &ssgt8 lÈ$$ current Ilabllltigs 23.52?,530 2?.473,447 apltsl fuiidg Endowmènt fiinds 17 689.264 R(•&lricteo funds Unrestricted fLsnds 18 48,414 22.804,8J8 21,786,$0 23,522.536 The$e financial statements have bepn prepared Iri aC￿rdance with Ihtr piovislons applicable 10 colnpanles ￿￿lible¢t lo the small compunles regime. The flnanoial slalem6nl8 wore approved by the Trusteès on23(of.li lan 8akewell Trust¥e Company Reglstratlon No. 5731598 14-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 A¢¢ountlng poll¢io¥ Charlty infomiatlon P. 14. H￿t Foundation is a private Company limlled by guaranlte incofporated in England and Wales. The regS51ored office is 151 Dale Slreel, LlveTpooI, L2 2AH. 1.1 Accountiny conv•ntlon The financial slatèmenls haw boon proparod In accordance wilh the Charity's wverning documgnl. I Companies Act 21X)6 and Accounting and Reporting by Charities.. Slalemenl of Recornmended Practice applicable lo ¢harilies preparing their acc4unts in accordan¢e with th¢ Finan¢ial Reporting Slandard appli¢ablL4 in the UK and Republic ol Ireland IFRS 1021" las amendtrd for ac¢ounlinu perlods comm&n¢ing from 1 January 20161. Thè Ch8rity18 8 PUNIC Benefit Enlily as defined by FRS 102. The Cl)arily has taken advantage ol the provisions in Ihe SORP for charrties applying FRS 102 Update Bvllelin 1 not to prepafo a Sialem&nt ol Cash Flows. Tlie finan¢i8151alpmenls are prepared in sterling, which is the functional currency of the Charily. Monetary &mounl& in these financial stalem•nls ar& rounded lo thè nèarasl £. The finandal slalemenls have been prepared under the hisioTical cost convention. modified lo include the IBvalu<illon of certain financial inslrumenls at fair value. Th8 principal accounting policies adopta are set out helow. q.2 GolNu ¢on¢trTn At lh8 limè of approvlng Ihe financial 51alemen15, the Trustees have a reaSona￿e expectation that the Chavily ha8 adequate resource5 lo continue in operalional existence for the foreseeable future. Thus the Trustees ronlinue lo adopt th& going conc8m b8sis of 8ccounling In preparlng tha fin8n¢lal $l#1omenls. 1.3 Charltable fund$ ljnreslricled lunds are available foi us@ at th8 discretion of th& Trustees In furth&ran¢e ol their Charilabk obj_jclives unlD3s the funds hav8 boen designated lor other purposes. Restricted and endowed funds are funds that are lo be used accordance wllh speclffic reslricllons. RestYlct¥d aiid Endowed fund$ In acr/Jidance with the Trust Deod. Ir￿ome of Holl Educalton Trust can be used only lor specilied educational PU,'POSBS and ils capital is restricted as a permanent 8ndowmanl fund in charity law. Ilnrestrlcted funds ljnder the lèiins of its Memorandum olAs$o¢iallon, P.H. Holl Foundalion may spend capital 8$ wèll as incom foi. cliGritahla piJrpo8es in Ihè Unlled Kingdom and elsewhere. The accumulated lurids of the Charity are trit',oforo unrestricted funds for the purposes of charity law. Transf8rs ar• mad8 from investments lo c.urrent assels a8 and when li&biliti&s fall du8 1.4 Incoining ros(burce8 In¢omt, Is rocogiiispd when the Charity is lagally enli119d lo il after any performance condilions hwe been mel, 1118 amoiinls can measured reliably, and il is probabl¢ that income will be received. Iiive.slmoiit income, including divideiid income, is recogni5ed in the year In which il is ro¢eiv%ibl&. 15

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTkS TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAII ENDED 31 MARCH 2022 Ac¢ouiitlng pollclfjs (¢ontlnued) 1.5 Ro$vurcE¥ expondod Ixpendilure is recognised once there is a legal or constructive obliyalion lo make a paym8111 lu a Ihird paily, il is probablp Ihal selllemenl wll be requirèd, and the amounl of the obligalion Can be measttrpd r￿liably. All exp¥ndilure is accounted for on an accruals basis and h88 been classified under he£idiiigs that aggiegale all costs related lo th8 ealegory. Where po$Sib￿, expenditur& is direclty allocatèd lo appr¢wrlale categories. The remainiiiu Bypilnditurtt I apportionod in accordance with a lom)ula which the Trustee$ Consider ¢orresponds Taalislically lo the use of 81aff tiine and other re50urce5. Irre.coverable VAT is charged a9alnsl tho &xpenditure heading for whlekn il was incutred. Grants payable Future 9ranl commitments are lully provlded for in the year in which lh& ctsmmilmenl Is madtt. In tha ¢a%( ol hn unconditional gTant this Is accrued once Ihe recipi6nl has been nolified of the grant award. 1.6 Tangiljlo fixèd 4$ots Tangible fixed asse15 are initially measuied al cost and Subsequently measured at cost or valiialioii, net of depreciation and any impairmént losses. Donotgd a88els are recognisod and valued al Tru5te¥s' eslimal¥ of value 81 thtr dale of donation. Depreciallon Is not Larg&d on plctures and hlstoric assets héld by the charily. 1.7 Flxed a$ty￿ invesknents Inveslmenls arè a form of basi¢ financlal Instrument and are inillally recogni8ed al their transaction value and subsequenlly méasured al closing mid-markel valuè al the balan¢9 5h8et dale. Any realised and unfealised gain8 and1055es on revaluation or dS$posals ar( included in the Slalement of Financial Aclivalie8. The maln lonn ol financl81 rl$k faced by Ihp Charity is th of vola14.lity in equity mcirkt>ly and investmenl market$ due to wider economic conditions, such as thè ongoing conflict in Ukraine, Brexit, the alllluil£' of Investors to investment risk and changes in sentimtrnl concerning 8quilies. Income from invè81menls. includlng divldend N)come, is indudod log&thèr with the ielaled lax crèdll, in thè year in whlch 51 18 receivable. Inleresl funds held on d8pos11 Is recognised when recelwable, and the amount can be recognised reli8b by Ihfr eharity.. this is norrnally upon notifi¢alK)n of the inl8rè$l paid or payable by the bank 1.8 Impairment of flxgd a￿t$ Al eacli reporting end date, the Charily r8wews the carrykng amounts of its tangible. assets lo deterniirie wholher there is any indlcalion Ihal those 888ets have Suffered an Impairment loss. If any such indication exlsls, the recoverable amount of tho asset is estimated In order lo d01ermine the extent of the iinpairmenl k>s$ lif any). 1.9 Cash and cash •qulvalents Cash and cash equivalen15 include cash in hand. Ileposlls held al call wllh banks. other shorl-term Ilquid tnvoslments with original maluTilies of thrèè months or less. and bank ovèrdrafts. Bank OVf>rdrarts are shown within borrowM)gg in current liabilities. 1fj-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountlng poll¢le• Icontlnuedl 1.10 Finan¢lal In$trumont8 The Charity only enters into baslc financial instrument Iransactlons that result in the recognition of financlal a88els and liabilities such as Iradg and other debtors and creditors Financial assets that are measured al ¢ost and amortised cost are assessed al the end of each r8POrting period for objective evidence of impalrmenl. If obj8Ctiv& wid8nce of impairrnenl is found. an impairment loss is recognlsgd In Ihg Statement of Finan¢ialA¢twllies. For financial assets measured al amortisèd cost, the impairment loss is measured as the difference beiwèèn an asset's carrying amount and the present value ol 8slim8ted cash flows discounted at Ihtr ass&l's original effective Inlere8t ralo. For financial assels measured at ￿$1 less impairmgnl, the impairment 1058 Is measured as the differencg between 8n asset's carrying amount and the best eslimale of th¢ amount that the Charity would receive for the assèt If11 were lo ba sold at thè balance sheet date. Baslc flnaneial assets Basic financial assets. whlch Indude debtors and cash and bank balances. ar¢ initially measured at transaction piice including transaction costs and are subsequÈnlly carrièd al amortised cost using the effectiv6 inlerosl method unless the arrangement conslilules a financing Iransaclion, where Ihe Irans8¢1ion is measured at the present valuo ol the future receipts discounted al a market rata of Interest. Financial assets dassifjed as receivable within one year ar& not amortisgd. Ba$1¢ flnan¢l•l Ilabllltles Basic financial liabilities. Indudlng creditors and bank loans arè inllialty recognised al transaction prlce unless Ilie a￿angement conslitules a financing Iransaclion. where the debt instrument is measured al the pre5enl value ol the luture payments discounted at a markèt ral8 of intoresl. Flnancial liabilllies dassffied as payable within one year are not amoriised. Debt instruments are subsequently ttarnted 81 amortised cost, u8ing the effecti￿ Inleresl rate melhod. Trade creditors are obligations lo pay for good8 or servic8s Ihal have been acqulred in the ordinary COUTse of operations from supplier$. Amounts payable are classified as current liabililies if payment is due within one year or less. If not. they are presented as non-¢urrenl liabilllies. Trade credilors are recognised inlllally al Iransaclion pric8 and stjbsequenlly measured al amortised cosl using the effecllve int8r&st method. Dereeognitlon of finan¢lal Ilabllltle$ Financial liabilities are derecognlsed wh8n lh8 Charity's conliactual obllgalions expire or are disch8rg8d or ¢an¢elled. Crltlcal accountlng eBtimate¥ and ludgoments In the application of the Charity's accoLmling poli¢les, th8 Tiuslees are required lo make judg6menls, estimates and assumptions about the Carrying amount ol ass8ls and Ilabililies that are not readily apparent from other sour¢es. The e$limatès and associated assumptions are ba$&d on hislorical experience and olhor faclors that are considered lo be relevant. A¢lu81 resulls may difter frorn Ihts8e 8slimat8s. The &8limales and vnderlylng assumptions are reviewtrd on an on90ino basis. Revi8ions to a¢¢ounling e51imales are recognised in the period in which the eslimale is revlsed wherè the revi5Eon affects ￿lY Ihal P8riod. or in the period of Ihe revislon and lulure periods where thè revision affects both current and future periods. 17-

P. H. HOLT FOUNDATION C05VIPANY LIMITED BY GUARANTEE NOTES TO THf FINANCIAL STATEMENTS {CONTINUED) FOR THE YEARENDED 31 MARCH 2022 InYB8tm¢nis Unrestrlctsd Ro$trlct•d fund¥ fund# Totsl Unreslricl8d funds R¢slrideii funds To 2022 2022 2022 2021 2021 Dividends- Listed invpstinènl funds and eqLtities B#.nk inleip81 278,031 381 14,586 292,617 113,492 5,68J 12.933 54 1fj8,47.5 278,412 14,588 292,998 179,175 12,987 10?,18' R8lJing funds endowni*nt Endowmenl funds fund 2022 5.568 8,1Q4 16

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charltable a¢tivltl•• Unre$trl¢t•d Unfe8trl¢ted fund fund 2022 2021 Staffing Offico ¢0$1$ 23,549 10,778 21.750 9,209 34.327 30,959 Grant fundinu of aclivilies Isee note 61 Share ol gov8rnanc8 Costs Isee note 71 861,941 19,394 699,472 17,893 915,862 748.324 Grants to Institutions may b• ¢•tegorisgd a$ followts: 2022 2021 Emergency grants Communily and Overcoming Barrlers Enga9ement in IheArts 298,002 6,000 Programm8-r•lated grants Community and Overcoming Barriers Engagement in the Afts Access to Education CaTe oflhe EnvlronmÈnl 388,072 30,695 10,000 2.000 329,055 39,415 Holt Edu¢atlon Trust io.(KJo 20,000 440,767 699,472 Reslllènce Programme grants 425.446 Total grants awardèd 866,213 699,472 Prioryeor gr4nts rntum•d'. Community and Overcoming Barrlers 14,272) 861.941 699,472 t9-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Grants payabl• 2022 Communlty Engagement and Ovor¢omlng Barrltrrn {63 grnnts) Ainsdalè Lunch and Leisure Anfield Sports and Community Cgnlre Apex Charitable Trust Asylum Link M8rseyside Aub'sm Inllialives 800118 Cttrisl Church Community Cenlrts runswick Youth and Cornmunity Centr¢ Garing Connections Ltd Ch008e Lifa the Prisoners Inilialive Community by Nature Ltd Congolese Associallon of Mer$&yside Dyslexia Foundation East Liverpool Riding for the Disebled Edgè Hlll Youth and Community C¢nlre Fallen Angels Footsteps 2000 Ltd Foundallon Years Tiusl Frank Hornby Chariiable Trust Hunlinglon's DigeaseAssocialion In your Sho&s Kinshlp Carers Knuwslèy Disability Concem Koala North Wesl Lilherland Youth and Communlly Centre hrtaryboiie Youth and CommunilyAssotyation Merseyside Water Rescue Migrant Workers Sgfton Community Norris Green CommunilyAllrdnc8 Pagoda Atls Pai'khaven Trust PCC St John's Ainsdale Personal Success Pride of Sefton Priority Youth Pioiecl Sefton CVS Shaflesbury Youth Club12 Grants) SSAFA Merseyslde Sondowns Teardops Supporting Your Community Tom Harrison Hou$6 Toxtelh Women's Cent Tuebrook Hope GTOUP Valley Brass (Haydockl Viking Cenlre and Youth Clyb West Everton Community Councll 9,000 1,703 14.OC)6 10.DDO 5,184 3,1100 7.50U 10.0110 S.220 10.U80 5,000 4,850 16,380 8,142 4,960 7.000 8,000 1,500 7,500 5,000 10,000 7,458 b,OUO 10,000 6.400 5,000 13,000 6.420 5.050 7,000 1,200 6,064 9,750 10,000 5,JOO 20.¢300 7,830 16,000 2,500 4,500 6,100 5,000 5.000 -20-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Grants payable Icontlnuedl 2022 Communlty and Ovèrcomlng Barrl•fS Icontlnuodl Wirral Communily Natrowboal Twsl Wirral Developmenl Trust Ltd Women's Health Inlormalion Support Cenlre Woodvale and Ainsdale CommunltyAssoaallon Y8llDW House Cultural Cenlie Y Kids YMCA Sl Helens S,[￿0 10,000 12,000 10,805 4,325 5.000 10,0(K) 388,072 Engag8ment In the Arts Bluecoal Oisplay Centre Collective Eneounlers Liverpool Lighllvjuse Opera Viva Ruyal Court Liverpool Trust Ltd 2,000 8,985 12,210 1,000 6,500 30,695 A¢co8$ to Edue4tlon Wirtal Guides Hadlow Flelds 10,000 10,000 Caig of th• Envlronment Tarbock Jubilee Village Hall 2,000 2.000 Holl Educatlon Trust Liverpool John Moores Univer3ty 10.000 10.000 21

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMFNTS ICONTINUED) roRP THE YEAR ENDED 31 MARCH 2022 Grants payable l¢¢iritinuodl Reslllence Fund149 grants) 2022 AiDsdale Lunch and Leisur8 Barnslondale Centre Breckfield and North Everion Neighbourhood Council Brunswick Youth and Communily Cenlre Catalyst Dai)ce and Drama Ciladel Arts Crownway Community Cenlrè Dai$y Inrlusive UK Dgysbitsok Village Centr EEJs1 Liveipool Riding for Disabled 'b.dge Hill Youth and Cgmmunily Centre Family Tree ￿[raI Ferries Family Groups Foundation Years Trust Garslon Adventurg Playground Granby CL)rnmunity Mental Health Group 14eadway Wirral Home.start Soulhport 14ope Centre, Sl Helens Ibijokè Children's Foundalion KIND Klndfijlngss Coffee Club Liverpool Dnmeslic Abuse Service Liverpool Sornali Community Liverpool Sunflowers Mei'sey f/ounselliny and Therapy Cenlres Nelherley Youth and CommunltyAlliance Norris Green CommunityAlJance Park F&rm ACYP Cent Paul Lavellg Foundalion Raise Ltd Refugee Women Connect Sanctuary ,'Bmily Support Safton Women and Chlldrens'Ald hfewsbury House South Liverpool DomeslicAbuse Services Sl Cyril's Children and Youlh Project Slick n Slep Team Oasis The New Belve Youth and Communty Sports Cenlre The Brairi Charity rh8alre in th8 Rou9h Toxlolh Women's Centr8 Valley Rrass (Haydock) 10,000 10,OOtl 10,UOO 9,464 10,( 12,240 11J.UQO ti.uoo b.70U -1,4bO 8,100 8,900 ?_o.ouo 4,OnO 7,8,10 6,231 6,000 10.000 13,104 5,000 9,875 10,000 11,OQO 10.000 1 Ll.000 10,000 4,000 7,000 1'1.030 -22-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Grants payablg {¢ontlnuodl Reslllence Fund Icontlnued) 2022 Vauxhall Law Cenlrg Walton Youth anil Communily Projeol Women's Health Information Support Centre rral Women and Children's Aid Yellow House Cultural Cenlre 9.2fJ6 10,323 15,606 4,Th)0 425,446 Total for 2022 886.213 Year Onded 31 P•larch 2021 Emergency Grants to In•tltuUans181 grants) Community and Qvercomlng Barrl8Y8 ADHD Merseyside Age UK Mid Mersey Amadudu Steve Biko Anthony Walker Foundalion Asylum Link Autislic Vanlures Big Help Project Boolle YTrMCA Bradbury Fields Brain Charity Bridg8 Communlly Bronte Cènlre BYF Nowton-le-willows Cai'8 Mèrs8ysid8 Cenlrg 63 Chii)es8 Wellbeing City of Liverpool Sea Cadets Comedy Trust Compassion Act8 Cro$sing Polnls Croxtelh & Gilm08s F8def8llon Daisy UY, Ltd DeafAclive 2021 3.000 2.000 5.000 5.000 4,020 3,000 1,500 2,500 5,000 2,000 3,1]OU 5,000 5.000 3,840 1.500 8,ty)o 4,150 3,000 4.695 4,825 2,0 2,$00 3,000 sl Liv$rpo()l Ridln9 for Disabled A$yory8lion Easthain Comiiiunlly Cenlro F'airfield Scout Gioup ramilie¥ Fighting for Ju$lice Ileadway Wirr#l Flelplink FIIYA Flome%lart Soulhport IndependÉ*nc¥ Inllitativ K%ensinglon Fields 1.91X) 4.200 4.000 4.050 2,000 3,000 3,000 23-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TLI THE FIIIANCIAL STATEMENTS (CONTINUED) FOR THE"fEAR ENDED 31 MARCH 2022 ¥rants pAy*ble iewency Grants to Instltutlon5 Icontlnuedl Communlty and Ovorcomlng Barrlern l¢ontlnuedl KIND Kinship Carers Knowsley Disability Concem L6 Community Association Leasowe Play Youth & Community Association Linacre Melhodi$l Mi84ion & Neighbourh￿d Centi8 L.ister Steps Lilherland Youth & Community Centre Liverp(J(s1 C'omrnunityAdvice Ltd LiveTPQDI Homelt)ss Football Club LIV¥￿rI1001 Irish Conlre LivwiFool lthuslin) ￿oCietY V9rpool Somali Community Lwgrpoul Sunftowors LtrverpDol Velgrans Maiidela 8 Idaring in the Community r4Aencap Wlrral erseysidè Dorneslic Violence S8rvi¢e Ltd M&rseyside Lowland Search & Rescue Merseyside Refug80 Support N¢iwork IAiGatt, l.iverpool 10(>vin9 Sonsos 20211 I.OQCt $,uoo 5,000 4,195 3,OUQ 2.QOC. 2,000 2,t3L 5,OOCI S,LIO(I 3,(￿0 2,OnQ 6, Jroo 4,890 N¥llipilon Park Comm Assor4Hlion Narrls Groen Comm Associatiori Orrell Trust Philippi Trijsl frjod Foundation Sahii House Jeflon Advocacy Slioreline Shrewsbury House bola Arts .%oulh Lkverpool Foodbank Sl Heleii's Mind Sllck n Sllep SWACA Th& Fl¢tri8 Tomorrow's Women Wrral Tuebiook Htspe Vavxhall Law Cènlrg Wirral Chaiige Ltd Woodlands Nelhetley Yellowliouse 4,&un 9,6eo 2,49Q 10,000 5.Ottli 2.35r) 7,854 3,060 2,5C(I 5,090 5,000 -24-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ' GTant8 payable (con￿nued) Em•rgoney Grants to Institutlons l¢ontlnu¢dl Engaggm•nt In tho Arts BlaGk-E Liverpool Carnival Company 2021 5.000 1,000 6,000 Total Em•rgBncy Grants 304,002 Programmo- Mlated grants lo Institutlon$151 grants) CommunFty and OveTcomlng B¥rtior8 Abdullah Quilliam So¢ièly Aigburth Community Chuich Ainsdale Lunch & Leisule Ainsdale Lunth & Leisure Belvidere Centre Bold Rangers Junior FC Business for Youlh Newlon-le-WIllow6 Centra 83 Compass Counselllng Ferries Fami￿ Groups Friend$- Play for Oisabled Children G8rslonActivity Playground Hunlinglon's DiseaseAsso¢lalion KIND Kindfulne8s Coff&9 Club Koala Not1h Wèst LilB Hub Btrbinglon Liverpool Carnival Company Liverpool Homeless Football Club Liverpool Somali Community Love Jasmine Mandela 8 Marine In the Community Malhemallcal Educalion on Mersey8ide MBrspysid& Waterside Rescue Migrant Workers S&fton Community Nelherton Park CommunityAs$o¢lation Open Door Centre People FITSI Meis&y$ld9 Company Llmitèd Sanctuary Family Support Seaforth Infomatlon Network Croup Sefton Op8ra South Contral Communily Tran8POrt South Lwerpool OomeslicAbLISg st Chads Sl Georges Huyton 9,828 10,ofKI 7,5(￿) 9,000 4.660 3.100 5.000 12,000 15,000 7,800 9,720 9,000 5,000 5,000 9.256 5.000 7.500 8,325 8,￿0 5,590 10,000 6.400 1.000 4,0(X) 13,000 10,000 10.000 8.250 10.201 10.000 5,000 5,630 10.000 4,500 2,000 -25.

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTE.S I-O THE fiNANCIAL STATEMENTS {CONTINUED) roR THE YEAR ENDED 31 MARCH 2022 Grants pMy4ble l¢ontlnii•dl Programm8a related grants to In$tltutlons leoollnuedl Communlty and Overcomlng Barrlèrj Icontlnuedl St Leonard's Youth & Communlly Centro Triple C Vees Pla¢e Community Support Centro West Everton Communlly Coun¢il WHISC Woodvale Community Association 2021 9,OOQ 8,000 5.(10,.) 10.L)Ou 12,OOU $1),605 j?.Q. 0rt.fj Enyagement in th• Arts Catalyst Dai)ce & Drama Group LIPA The Wndows Project Th(+ Collective Encounters Motsl Theatre In the Rough Wii'i'al Socièty ol the Blind & Partialty Sighted Foundat4'0n foi'Arts & Creative Te¢hnology 950 10.QOO 7,565 .5.000 2,OCO 3.900 39,415 Ediicatkni Sl Helen's YO￿1g C*ar¢rs 7.GOO 140tt Educatlon Triist Livttrpo¢Trl Hoy& Uiilversily Liverpool John Moore5 Univ8rsily 10,GOO 10,000 20.000 Total for 2021 699.472 .26-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Support costs Support Governance costs costs 2022Support costs GovoTnan¢g costs 2021 Audit leès Tru$le8s' oxpenses Staffing Office costs 7.800 151 7,850 3,593 7.800 151 7,850 3,593 7.380 193 7,250 3,070 7,360 193 7.250 3,070 19,394 19,394 17,893 17,893 Anatysed between Charilmble activities 19.394 19,394 17,893 17.893 Tnistees None of the Trusteès (or any pèrsons connected with Ihttml ieeelved any r&mun8ration or benefits from the Charity during the year. Two trusteès incurred èxpèn888. namely B Companies Hous* fe8 and the Cost of an NCVO conference. The Smbursèd ¢os18 tolalled £15112021.. £193 in ￿SpeCt of Companiès House fees and Charitable Foundalions conference for trustees). Employee8 Thorg Wor¢ no employees duflng the ygar. The key management personnel comprise U)8 Trust885 on5y. 10 Net galn8lllossesl on Inv•stment8 Unrestrlcted Endowment funds fund8 general 2022 Total Unreslri¢ted Endowment funds funds general 2021 Total 2022 2022 2021 2021 Revaluation of investments GaiThllloss) on sale ol in￿SIm@nIS 1,647,899 20.051 1,667,950 3,282,027 118.995 3.399,022 7.e99 2,268 9,967 347.812 12,043 359.855 1.655,598 22,319 1.677,917 3,629,839 129,038 3,758,877 27-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR fHE YEAR ENDED 31 MARCH 2022 11 Taxatlon The Foundalion is a regislgred Charity. and as such18 enlilled lo certain tax exemptions on inwm9 and ?10fl18 from invsslmen15 if Ihasè profits arg applied solaty for charitatrA6 purposeg. The Charity Is not rogislered for VAT and all expenditu￿ is recorded inclusive csf any VAT incurrod. 12 Tangiblg flxod #¥set$ Flxtiièfj and Ilttlrbgw Co8t Al 1 April 2021 Al 31 March 2022 Carrylng amount At 31 March 2022 5,000 Al 31 March 2021 5,000 Tha abovo as8e18 comprise pictures and artefacts that weT• gifted lo P. H. Holl Foundation by 11)¥ Triiotoe4 of P.H. 14011 Charitable Trust which are 8880cialed with the historic businebs interests of Philip Holl and hi8 family. The plctures and 8ome artelacts are held for use by the Charity. Following profpssional advlee Iki Tru8l&As consider the book value of £5,000, 81 which the assels were transferred. repTesenls a prudent Ininlmiim valuation as al 31 March 2022. There are also addilional artefacts that are on Igan lo the Merseyside M8ritime Museum lil LSvrrfioc4 for erjucativnal purposes and are covered by the Governmenfs Indernnily scheme arrangéd by MiJ¥¥um. A$ 8u¢h, no value lias been included In the accounts In iegpecl of Ihese assels. 13 FSx•d a$$et Inv¢$tsnents Listod Investm¢nts C*ash In portfolio Tol At f4ir valuo Al 1 April 2021 Additions Valuation changes ash movements Disposal8 21.185,053 75,674 1,667.950 15,867 21,200.920 75,e74 1,667,950 110,2021 {648,82: 110,2021 1648,8221 Al 31 March 2022 22,279,855 5,665 22.?85,520 Carrylng 4mout)t Al 31 Mar¢h 2022 22,279,855 5.665 22.28S.520 At 31 Marcl) 2021 21.185,053 15.8G7 21,200.920 -28-

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 14 Debtor6 2022 2021 Amounts falllng dy• wlthln one year: Prepayments and acciued in¢om¢ 124,777 96,687 16 Flnanclal In8trnmènts 2022 2021 Carrylng amount olfinan¢lal ¥880ts In51rumenls measured at cost less impaiTtnenl Instruments measured at lair value through profil or10$8 1,246.735 22,285,520 1,27G,262 21,200,920 Carry5ng amount of financlal Il•bllltlg8 Measured al amortised cost 17.863 11,902 18 Cr•dtttsrs: amounts lalllng due wlthln one year 2022 2021 Acuuals and defeThed incomg 17,863 11,￿2 -29-

iij.,l 15

P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 18 R￿trIct•d lunds Th8 income funds of the tharity indude restricted funds comprising the following unexpended balartes of onalions and grants held on trust for specAfic purp05e8. Movomont In fund8 ID¢omSnu Trarnl8YS rosourco¥ Movement In funds ncomlng Tvinsf8f fesourr Bala¢9 11 1 Aptll 2020 Balance at l Aprll 2021 Balance at 31 Mar¢b 2022 Holi Education Trust 6.938 12,987 14,540 34,465 14.586 (63n 48.414 The Holl Educallon Tiusl fund above represen15 income generated from the Endt)wmanl fund of the same name which, in a¢¢ordancÉ with th& Trust Deed, can only be used for specified educ81ional purposes. For both y88rs. thè above Iran8fers of £14,540 ond £637 have been mad8 betr4een unrestricted and 8ndowm8nl funds to reflect the actual value of as$els making up the reslricled fund. The re8lrS¢led fund balance5 al 31 March 2021 and 2022 represented Ihe cash al bank held in respect of the Holl Education Trust (note 19). 31

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P. H. HOLT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 20 Relatèd party tran8aetEons There were no disclosable relal&d parly Iransacbons during Ihg yeaT12021 none). However. the Charity is a local grant provider which seeks lo maintain close Ilnks with wnany parts of the MersÈyside Comrnunilg- Pol4snllal confticts of inl¢resl can therefore arise from lime lo lime. Individual Truslees and their Adminislralor do not partieipala in decisions when they Could be perceived lo be acting othfyr than in thè sole intoie$ls of the Charky. 21 L•ual Statu¥ The Charlly is a company limited by guaranlèo. whose registered office is 151 Dale Street, Liverpcol. L2 2AH, and has no share capital. In th8 event of the Charity being wound up, the118bilily In règpeol of the uuaranlee is Ilmiled lo £1 per member of the Charity. Under IhÈ Company's Artlcles of Assouallon, membershlp Is open only lo those Indiwduals who are trustees of the charity or who aro due lo be appointed as tru5te85. -33-

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