## ## |Contents|||||||| |---|---|---|---|---|---|---|---| ||||||||Page| |Charity
information|||||||| |Trustees'
report (including||Strategic Report)|||||| |Trustees'
responsibilities||statement|||||| |Independent
auditor's|report||||||| |Statement
of financial|activities||(including|income|& expenditure|account)|10| |Balance sheet|||||||| |Statement of cash flows|||||||12| |Notes to the financial|statements||||||13| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Responsibilities
ofthe Trustees||||||| |---|---|---|---|---|---|---| |As explained
more
fully rn the Trustees'
Responslbihtres
Statement
an Page 6.Ihe Trustees are responsible
for the
preparation
of financial
slatemenls
and for being satisfied
Ihat Ikey give a true and fair view, and (or such internal
control as the Trustees
determine
is necessary
to enable Ihe preparation
of financial
statements
that are free from||||||| |mstenal
misstatement,
whether
due lo fraud or error||||||| |Irt prepanng
Ihe financial statements,
the Trustees are resporisrble
(or assessing
Ihe Charity's
ability to continue as
a going concern,
disclosing. as applrcable,
matters
related
to going concern and using
Ihe going concern
basis oF
accounting
unless
the Trustees
either intend
lo liqurdsle
Ihe Charily or to cease operations
or have
no reelisttc||||||| |abemabve
bul to do so||||||| |Auditors'
responsibilities
for the audit ofthe financial statements||||||| |our objectives are lo obtain reasonable
assurance
about whether
the financial statements|as a whole are||Free fram|||| |matenal
mrsstalement,
whether
due to Iraud or error, and to issue an Auditors'
Report|that includes
our|||oprnron||| |Reasonable
assurance
is a high level ofassurance,
but is not a guarantee
that an audit|conducted
rn accordance|||||| |with ISAs (UKF will always
detect a material
misstatement
when
it exists
Maslatements|can ense
(rom|||fraud||or| |error and are consrdered
material
if
rndkviduafiy
or rn the aggregate,
they could reasonably|be expected to||rrttluence|||| |the economic dewsions ofusers taken on the basis of these linanciaf
statements||||||| |Irregulantws
rncludrng
fraud
are instances
of non-complrance
with laws and regulabons
Irne with our responsrbrlrbes,
outlined
above, to detect malarial
misslatemenls
rn respect|INe design procedures
iri
o( irregularities,
including|||||| |fraud
The extent to which our procedures
are capable ofdetecting
irregularibes,
including|Fraud is delarled|below||||| |We rdenbfy
and assess the risks oi material
misstatement
of the financial statemenls
whether
due to fraud or error,
and then design
and perform
audrt procedures
responsive
to those
risks,
including
obtaining
audit evidence
that
is||||||| |sulfimenl
and appropnale
to provide a basis (or our opinion||||||| |Identifying
and assessing
potential
risks relating to irregularities||||||| |In idensfyrng
and assessing
Ihe nslrs of malenal
misstatement
rn respect of irregulantres|including
fraud|and|||non-|| |compliance
vnlh laws and regulations,
we considered
the fofiowing||||||| |the nature
of the rnduslry
and sector control environment
and the Chenly's
oblectrves
and arms,||||||| |anquinng
of nienagemenl
concerning
the polrmes and procedures
relatirig to||||||| |rdenbfylng
evaluating
and complying
with laws snd regulations
paracvlarly
rn relation
to The Chanty||||||| |Commission
and whether
they vrers aware of any mstsnces
ofnon-compliance,||||||| |deteclrng
and responding
to tha risks of fraud and whether
they have knowledge|of any actual|||||| |suspected
or afieged
fraud,||||||| |the internal
controls eslabi shed to mrhgale
nsks related
lo fraud or non-compliartce
with laws and||||||| |regulatrons||||||| |drscussrons
amongst
the engagement
team regarding
how and where fraud
might|occur rn Ihe frnanoai|||||| |statements
and any
potentrai
indkcators
of fraud,||||||| |~
obtaining
and understanding
lhe legal and regulatory
frameworks
thai the Chanly|operates
rn. such||as|||| |provisions
ofthe Comperses
Acl 2006, Ihe Chantres Ad 201I, Ihe Chanlres
(Accourils and Reportsi||||||| |Regulattons 2008.pensions
and tax legislation,
General Dale Protection
requirements.
AntuBnbery||||||| |policy
Heahh and Safety and the appbcabon ot Coronevirus
Job Retention
Scheme and other||||||| |central and local government
grants and suppori
~
communication
with Tha Chariily Commisaon
and minutes of Trustees' meetings||||||| |Aud t response to risks identified||||||| |Our procedures
to respond to the nsks rdenbfred
included
the fofiowing||||||| |renewing
Ihe finanwal
statement
disclosures
and teeing
to supporting
documentation
to assess||||||| |compliance
with provrsions
of relevant
laws and regulabons
described as having|a direct eriem an|||||| |the financial
statements;||||||| |enquiring
ofmanagement
concerning
actual and potenhal
libgabon
and claims||||||| |reading
minutes ofmeetings
of those charged
with governance,||||||| |performing
analytical
procedures
to iderttrfy any unusual
or unexpected
relationships
Ihst may rndrcate||||||| |risks of matenal
mrsslatement
due to fraud,||||||| |reviewing
manual loumals
posted
by management
throughout
the period and testing
any unusual||or||||| |unexpected
entries,||||||| |carping
oul substanave
tesbng lo confirnt the validity and accuracy ofgrant claims under Ihe||||||| |Coronavirus
Job Retentron
Scheme;||||||| |testing a sample of I((come and expenditure
ensurmg
that they are in accordance|mth the arms and|||||| |objectives of the chanly||||||| |We have also considered
Ihe nsks noted stove
in addressing
the nsk of fraud
through|management
ovemde|||||of| |corltrols||||||| |lasting
Ihe appropnaleness
o(lournal
entnes
end other adluslments,||||||| |assessing
whether
the judgements
made
in making accounting
estimates
are indicalve ofa potential||||||| |bras,||||||| |evaluating
the business
rationale of sny significant
transaobons
Ihal are unusual|or autwde the normal|||||| |course ofbusiness||||||| |We also communicated
relevanl
idenkfied
laws and regulebons
and polenbal
fraud
nsks|to afi engagement||||team|| |members
and remained
alert to any indicalrons
of Fraud or non-compliance
with laws and regulations
throughout|||||the|| |audit.||||||| |||Unrestricted|Restricled|Total Funds for|Total Funds for the| |---|---|---|---|---|---| |||Fbilds|Funds|the year|year| ||Notes|2021f|2D21f|2021
E|202Df| |INCOME FROM:|||||| |Charitable
activities
Donations
and legacies|4|380,616|1,021,328|1,401,9dd|1.268,912| |Investments
Fundraising
events||97,170||97.170|24,570| |Investment
income|||||| |Gavernment
Grant incame
Other income||64,921
114,493||64.921
114,493|42D,342
25,904| |TOTALINCOME||657,201|1,021,328|1,678,529|1,739,728| |EXPENDITURE ON:
Charitable
acbvities
Raismg Funds||(364,395)
(121,378)|(1,021,328)|(1,385,723)
(12137S)|(1,644,982)
(68,396)| |TOTAL EXPENDITURE||(485,773)|(1,021,328)|(1,507,101)|(1,713,358)| |Net income for the year||171,428||171,428|28,370| |NET MOVEMENT
IN FUNDS||171,428||171,428|26,370| |RECONCILIATION
OF FUNDS
Total defiat brought
forward
Net movement
in funds lor the year||(170,754)
171,428||(170,754)
17'l,428|(197,124)
26,370| |Total fundal(deficit)
canied forward||674||674|170,754| ## ||||Notes|2021|2020| |---|---|---|---|---|---| |||||2|6| |Fixed Assets &Eguipment|||||| |Investments||||1|1| |Tangible Assets||||20,238|16,971| |||||20,239|16,972| |Current assets|||||| |Debtors||||125,109|149,635| |Cash at bank and|in hand|||258,540|248,907| |||||383,649|398,542| |Creditors|||||| |Amounts
faibng due within||one year|10|(403,214)|(586,268)| |Net current liabilities||||(19,565)|(187,726)| |Total assets less|current|liabilities||674|170,754| |Funds|||||| |Unrestricted
funds||||674|(170,754)| |Restncted
funds|||||| |Total funds/(deficit)||||674|170,754| |Statement ofCash|flows for|the|year end|ed 31 December|2021||| |---|---|---|---|---|---|---|---| |||||||Total|Total| |||||||funds|funds| |||||||2021|2020| |||||||6|E| |Net cash provided|by operating||activities|||20,723|102,517| |Investing
activities
Payments
to acquire|tangible|fixed|assets|||(11,090I|(2,959)| |Net cash flow from|investing|activities||||(11,090)|(2,959)| |Financing
activities:|||||||| |Interest received|||||||| |Net cash flow from|Financing|activities|||||| |Net increase
in cash and cash equivalents||||||9,633|99,558| |Cash and cash equivalents||at beginning||of year||248,907|149.349| |Cash snd cash equivalents||at the end of||the year||258,540|248,907| |Reconciliation
ofnet surplus to|||net cash|from operating|activities||| |||||||2021|2020| |||||||E|E| |Nel surplus
for the reporting
penod||||||171.428|26,370| |Adjustments
for
Depreciation
charge
Decrease
in debtors
(Decrease)/increase|in creditors|||||7,822
24,526
(183,053)|6,030
33,102
37,015| |Net cash provided|by operating||activities|||20,723|102,517| |L|c shi
Cri 1 tF
nd lionLimited||||||||| |---|---|---|---|---|---|---|---|---|---| |Nelestoth
(
n
I ist tementsfor(heyearended31December2021|||||||||| |\|principal
accounting
p licies||||||||| |a Company
and ch ntabl
talus|||||||||| ||Lancashiecnclt
tFo nd
li nDmled,
p
bl
b
lil
uly
i
inmm
ratedlnEnglandandtvalesasacompanybmiledby||||||||| ||guarantee
nol having a share capital
There ere currenUy
12 Trustees, s
fwham
are also|Ihe members|||el|the company|||| ||Each member has underiaken
to conlribule
lo the assets m Ihe ev nl ofwincrng
up a s m n|Ieve edng Eig||||The chadty is|||| ||a reg stared chanly
The registered
oigce is Ipven on page 1.||||||||| |b Basis at accoungng|||||||||| ||The
enanual
stalemenls
era
papered
under
Ih»
hisloncai
cost c nvenUon.
rn
accordance|||Ih
the||Slalemenl|||of| ||Recommended
pram(ca
'Accounung
and
Reporlng
by Chankes
IsoRp 2015)
applicable
lo chenbes||||prepanng||||their| ||accounts
In accordance
whh
Iha Fmanciai
Repomag
Stands d appbcable
In Ihe UK a d Repub(c||of ireland||||(FRs 102),||| ||egacli
I January 20I5;andlhs Compartes
Act 2006||||||||| ||The company
is exempt
from the requirement
le prepare cons
lidaled
financ al statements|as ab|ot tls||subs«hence||||are| ||req
red lo b e eluded
from car solids bon by sectien 402 of the Compani
1Acl 2006||||||||| ||The pdncip
I accoungng
pol cies are 1st oui below||||||||| ||Income||||||||| ||Grants, donations,
legacl s snd
otu
lary Inc me||||||||| ||Irtcomeisrecognisedwhenihechanty
hasentitlemenllolhefunds
anyp
rfonnancecondlonsahachedl|||||Iheilemi|||)
I| ||mcome have been met. 1 s pr bable Ihal Ihe Income
vs b
r carved
and lhe aino nlcanb
a|||drekably||||Gra Is.|| ||donasorls
legacies end voluntary
income are recognrsed
in (ug in the Slate
ent of Rnanmal|Ariivmes||I
Ihe||year||wh ch|| ||th» above cond bans are satisged||||||||| ||Investmenl
income is acmunted
for m the year rn whrch
Ih
charily is enliged
to receipt||||||||| ||Trading income||||||||| ||Turnover
is stat
d n
I
f VAT and
Ir d
dhM
nl
Tum
er i
Ihe supply
of services
repr
sents||Ihe||atua||of|services|| ||provided
umlarconlracw
to ths extent Ihal there is a nghl lo csnside olio
and is recorded at|Ih
value||of Ihe||consideration|||| ||due
vihere paymenls
are race ved from customers
in advance ofsen«ces provided
lhe amo|nls are|reco||ded||as defermd||| ||«come and tncwded
as pert or credhors
due
w thin one year
Ag turnover
was generated|In Ihe|UK from|||Ihe||charily's|| ||pri dpal amritles||||||||| ||0 (ewM incom||||||||| ||Income recewed
tn aspect ot future penods ts Irealed as defeaed inmme||||||||| |d|Going concern||||||||| ||Th
Fo
dek
anly makes discreet on*wlf payments
so there are n
er any obltgal ons to bene(iden|||ex I|r future|||fund|ng| ||In th s reaped, do aUans are only made d Ihere are summant
casll lesen es in place||||||||| ||Notwithstanding
the nel current
lish(has
pavilion
al 31 December 202I off(0M5, Ihe gnandal
slatemenls||||||ha|e b|e| ||prepared
on a gomg c ncem hews
Tttis
r~also Ihe c nclusion ofIh
Foundabon's
Board aher|taking
tuh||consideralien
ol|||||the| ||o gomg
nceriainbescausedaffMUngb
ihlheUKa
dWorid'seconomes||||||||| ||As seto tribe
Tn ates's ResponslthUes
Slatemenl
on peg
6. In prepanng
Ihese 6 a
mi|slateme||Is Ihe||Trustees|||are| ||required
lo prepare
Ihe finanrial
slalemenh
on Ihe going
concern
basis
u
I ss il Is Inapp|opnale||lo p|es|me||thai|Ih| ||Foundaso
vngconhnueinoperaton
The TmsleesremwnconUdenllhallheFoundatroncanc|nhnu|I|ops|erato|||alleast|| ||the next twel e months||||||||| ||In2022lheFsundabonisbudgeledlomakeasurpl
suf61010tig, a dl leslmanag
mentacco
ntseh||||Ih||Fo|nd|I
n| ||lobe 669000 ahead
of b dget
ilh Ihe year-I
-d le mmh
eo
also showtng
a post
e
ena ce of246000||||||whilst||no| ||detailed
budget has been p spared
Ior 2023, the Board fully anticipate
2023 fehomng
a sit(liter
pattern
wtlh
s qtlus for Ihe liml 6 m nths lo 30 Seplembw
2023 of between 160.000 a d 270.000 enabling
a corwnuing|||||a|like io
ncrease||like
in| ||mM(ves||||||||| ||Fnally, lhemanwedl
ndk ystrategcp
dn
L
h
Cou IUCncketClub,
hamrealfirmedglelrsuppodandwil||||||||| ||only
require
segement
ef any debtors
due fram
Ihe Foundatmn
d nng
Ihe nMI twel e months
as|||and|when||il|can|be| ||alfomed||||||||| |e|Expe dlmre||||||||| ||Expenditure
and(mme
arabia
VAT||||||||| ||Expendnure
is recogntsed
once Ihme is slag
I or constnm
e obygation
to make a paymenl|la a third||party||il ts probable|||| ||Ihat sehleme
I mh be required
and Ihe amount
ol the obligabon
can be measured
reliably
Expend bra is riassried|||||||under|| ||Ihe logovnng
ac&iity headikgs||||||||| ||~ Expend lure on chanlable
acbvihes
ci des the costs of
hant
hie cncket acs ibes, e enls|pralecls||and|progra|||mes
I|| ||I'urlher the puqmsas
of Ihe charity and lheir assohaled
support costs||||||||| ||c sts ofra srng funds Mmprlse
Iha dram costs oftundra
s ng event
and
n babves and lhmr|Msohaled
support|||||cost\||| ||~lneco
w
ble VAT is charged as a cost
gmnsl
Ihe Mttv ty lor which Ihe expenditure
was inc rred||||||||| ||Allocation o(suppow coals||||||||| ||Support casts ar
Iho e 4
borts
Ih I a
I ih
w
rl
I the charily
bul da nol ritmrib
undertake|||chwltabie|||acuviUes||| ||Suppcll costs induda
back olgce costs, Unance,
pemcnnel,
payroU
and gevemance
costs which
suppori||||Ihe||charitabl||| ||miritei
acbvities
These costs have 0
n syocaled
betw en cost ofralsng
hr ds and expendih. re on|||charhab(e|||amwldes||| ||The bases on
h ch s pport coals have been adecated are 1st out rn naia 5.||||||||| |I|Ta*||||||||| ||The Foundagon
sa regale ed chenly and as such is exempt from laxsgen on ds nr me lo Ihe extent||that they are|||||applied|| ||le ils chanlable
purpose||||||||| ||cunenl
Lm, Indudmg
UK cerporaken
tax is provided
al amounts
expected
lo be paid (or rscaverad)|||usirtg
Ihe|||hales and||| ||ls *Ihal have been enacted
or sobs lanlively snared
by me balance
she
I d t||||||||| ||Deferred tax h rec gntsed on ag liming dilferences Mere Ihe Iransachons
a events Ihat lasug|n an eblqalion||||to pay more|||| ||lm
n Ihe future er a right lo pay less tax In Ihe future
have occurred
at Ihe balance sheet|date
T|mng||drilerences
are||||| ||dilferances
between
Ihe company'
~ regevable
tax losses and ils resuks as slathl
n Ihe gnandal
stalemenls||||thai||arise fram||| ||Ule inciuwen
of gens and losses
n lax assessmenls
m penods
lbfferanl
from lhasa
in which|Ihey are recognised||||||in Ihe|| ||finanrial
stalemenls
Defaned la*assels are recognised
Mten lie mare Ihely Ihan nol Ihat Ih y
Ub||n.||ared||D|(e|ed| ||tax amass
red usa g rates o(lax Ihal have been enamed
er 1 bslanlwaly
enaried
by Ufo balance sheet|||dale|||||| ## ## |Lancashire
CrfckelFo
dabon|Lancashire
CrfckelFo
dabon||Llrn ted|Llrn ted|Llrn ted|Llrn ted|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Notes|lo lhe finandsf
stalemerlt||||tor the|||year||ended|||31 December 2021(Cont'4)||||||| |13|Comparative
statement|||offinancial|||||acpvitl|||.|||||||| |||||||||||||||||Unrestlcted||Restricted|Total F nds| ||||||||||||||||||Funds|Funds|for Ihe year| ||||||||||||||||||2020|2020|2020| ||||||||||||||||||E|E|2| ||INCOME FROhh||||||||||||||||||| ||charsable acu ities
Donasons
and legades|||||||||||||||311,729||957,103|1,260 912| ||Other Trading
Acti ilies
F ndralsing
events||||||||||||||||24,570||24 570| ||In calmant
income||||||||||||||||||| ||Cavemmenl
Grant Ircome
Other lncame|||||||||||||||420,342
25,904|||420 342
25,004| ||TOTAL INCOME|||||||||||||||762.545||957,183|1,739,728| ||EXPENDITURE ON.
Chantable
aclml es
Rws
g Funds|||||||||||||||(687.779I
(60,396)||(957,183I|(1,644,962)
(68,3961| ||TOTAL EXPENDITURE|||||||||||||||(756,175)||(957,193)|(1,713,355)| ||N t sspsndiiure
for Ihe||veer||||||||||||||26,370||16,370| ||NE 7 MOVEMENT
IN FUI'IDS||||||||||||||||26,370||26,370| ||RECONCILIATION
OF FUNDS
Total defiril bm~hl
lorward
Nel moveme
I in funds for the year|||||||||||||||(197.124i
26,370|||(197.124)
26,370| ||T lsldefmlc
n
d for|||srd|||||||||||||||| |14|Finanmal
instruments|||||||||||||||||2021|2920| |||||||||||||||||||E|6| ||Th c mpany has
Ih
faso||||ng fina|||alinstm||||ent|||||||| ||Frmnoal assets al far value||||Ihmugli|||ncome|||r|e|penditure||||||| ||Finanoal assels Ihal are|debit||||Ir|ments mess||||||red at a|orl see cost|||||| ||- Trade Rmevabtss
. Other Race vabies|||||||||||||||||125,109|149,635| |||||||||||||||||||125.109|149,635| ||Fwanoal
Iab itlw
mess|red|||at lair||value|||toro|gh||ncome|r e«penditure|||||| ||Finanoal habsbas
mea
- Trade cred tore
- Deferred consideration
- Olhercredtors|red|||at amorlwed|||||cost|||||||tz0,876)
(9ooa)
(ISZ,ZSZ)
(I00,313)
~229,946 ~468,947||| ||||||||||||||||||~403,2I4 ~506,266||| ||Other linandal
lab lilies measured||||||al|fw||value|||||||||| |15|Analysis sf changes
iri|el||d|bl||||||||||||||| ||||||||||||||||||||At31| |||||||||||||||||At I January||Cashf low|Decembe| ||||||||||||||||||2011||202i| ||Cash al bank snit
in hand|||||||||||||||248907||9633|256,540| |16|Leasing commitments||||||||||||||||||| ||Opemling
lea scharges|patd dunng||||||the|year for Ihe are of|||||equipmenl|mcl ding short term hv.|arrarigemenls|amounted|lo E4 384I2020 23 327)|| ||Total future minimum
lease|||paymenls||||urlder non-ranoe3able||||||operating|leases are as fo8o s||||| |||||||||||||||||||2021|2020| |||||||||||||||||||Other|Other| ||||||||||||||||||||3| ||-mtlan one year
~ between one and live years||||||||||||||||3,549
7,098
~~647||1,386
i)00|