Charlty wlstratlon number 1123036 Company r8gl$traiion number 062084S3 (England and Wathl LIVERPOOL CARNIVAL COMPANY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEM8ER 2022
LIVERPOOL CARNIVAL COMPANY LIMITED LEGALANDADMINISTRATIVE INFORMATION Trustees R bAoms Mmmoms JCDWeiis J Buckley O R Broud Charfty number 1123036 Gompany 06208453 R•gist•rgd oifirg ttlo Lonsdèle & Marsh $-s1o Cotton Exalan Birtelh Streol LIV80D1 L3 9LQ Indendent èxamSn•r Lonsdalè & Matsh 509-510 Cotton Exchange Bleth Stre81 LiveooTrl L3 9LQ
LIVERPOOL CARNIVAL COMPANY LIMITED CONTENTS P¥ge TruFl8è5' port InJeKETh*ni eXamer$ rewrt St8iemeniof financial acbvrties BaLqnce 5hegt Notes to the financial St8temenls 6-10
LIVERPOOL CARNIVAL COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 30 SEPTEAIBER 2022 Tho trustees krt8W)I repm and finanLyal sMeDEntsforthe Yaren 30$e2022. Th2 finatbS4 S1aterrrtS ha been pre¥ared In ac¢ordw the ltIng polKv3• ¥el in nL8 I ta th4 finanual aèl8mwt5 and vlilh the chaws go¥¥Nng Lk)BLwnFni, the A¢t 2008 'ATrn9 and RepOrtg by Chan15. Stalemw)t ofRecommended Prtitte ChareS prepanng aLr(urt$ In accrd yth thè Finana5 Repong strrd ap1¢?@ in b UK Rwbknc of bttsnd IFRS 1ffdl' las ArMThJedfor gwounlifwj periodj coMmBncry ftom l Jonuary 20161 ObiKtiv•s athd a¢tfvrde The th•rtys rtledsartrio puton A sAmba LNthyts)l in thB ys•r The tru5ts95 h• paj dLW ard to gJidArKe issued by the Ctiiy CommwKJn In wh41 thoes tre tho¢ty al¥)0 U[liake. AchlwemDts and rtOmn¢4 As ihe ch8tiV$o4"ectNe is lo put on a Samba PJrade in LIVWp ITr th6 9urnrner oft4d) y88r. tro wtbreak of CLY(n8VIiU$ 8tlhe benng 012020 and ibe re1 stdct kn(do¥Yn measur05 which wÉre in ple fdr part9 both 2020 2021. meantlhattne S8rnba ParaJe$ for both ol these yews hadto kYcBncelled. The tunding ¥thich (rIty had 4reaty reG&vvJ for the 2020 fesh¥81 wa$ caned ¢)w to 2021 tr) trt CanlI41J ofttr 2021 festival, Ihis fUrIng ¢•nW ov8r to 2022 Ined wthin trÈ 01 fffiarKl aLveS.ThiS r1985 reLawd fruTn Arf¥ C11 Ewl8rO snd frDmA%¥ards 4AM. A 5nlr scab Camival was in 2022. Ver th# tyustees vre uDarie seojre any aodib0n frjrdiny Thè truglees haye wen th•dOn ttsptyte 2023 Cw¥val th12024. Dwlrvj the prevv)v¥ firrkl year, ihg tharty atye ta Sre eMeencYdlrWj from DCMS Cure Recov8ry Fund to be used Ix)ver the thylo day Yunn4ro costs chodty. Dunng Ihè Current yearlhF yfra9tnr Lqtrng lolhe Ilbr¥y bu119 froKDvrt)th the chanty ISnre ire&S subswtl81ty. Thelrusiee# hawIakth d¥i4on bvacaethe1rsry bul(hr¥J Tr) 2023 The iruslee8 are thai wJdityon4 fundlrg 6PDn8or#h tof the feslval is likekn b8 th¢t0 ats ai ts curwl Iityt Cumure LIVew lf) held to detèminè the onwing $Ls&n8bilty afKI ftrture forthe Charity. Tho Mmtees ofth8 1aritywd Ike lo re tsrtlnK810 thefollowr¥J ¢rganbgt0nsfoTthrsopto. Atts Counol Ewland Awards 4 P H HLIt FLuOallon DCMS cLts8 Rwery Fund Flnanckil Mvlew As explgAned more llY In the schwernent5 and rfthanGe st¢tiM oflhk4 rept, iivwhM resmwjns il p¢ as a result of CoronaYiFU5 havtr had a impact on Ihe finan(Jal pertornarKe ol the chatity The thariry receivgd Intome 01 £10,240 dunTrJ year from dOnatiS and Iae¥ The Eharity incurTed trYpure ot £35.8W thrir#J yr rwdbn9 in B deficitfoithé y4arof£25,656. AS uCh8rSty ha5 hEld the CarVal pogtptyied from2020 from 2021. the CondOn$ forthg purpose oflhe restrthd fimds have Itle# h8ve ftther thÈ8d Iwe llo iequirem>)tlo rEpay ¥ny$uWus bJThJ5 held and as Suth. surrlu$ ofthe resln&8J fun¢s hdd havt been tsanstsrtgj to uwestrod lunds.At the end of tryearthere is an unrostled fLj b¥bnc4 of £17,645. Nrtwirthnthng the Impad m the chalty 8 ty 6lL of the 9knb break of Cor(ThwNS as explainèd mcrfe In evern8nts and FErfOrm& ge¢Uon ofthisrewL Ir truses are oftt lef thol re88tvEs tem•n at Jn appTopri lÈvd tntr Immediate futwé. Thè Irtee5 are in obscLS 1th Cle Livwl to (lexrnlM I Or9 $uStainabiltyoftho Chanty.
LIVERPOOL CARNIVAL COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT> ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 IS the Oicy of th& Charily that unrefl¢l•a lund5 thich have not b2eD de$vJn8ied for a specift¢ Use should be maintained at a level eouivaiènt to befvlpen ihièe and six s expendi[# The irustees considets that resee$ al this lèv will ensure that In the event of a SLgnifiGani drop In bnding they wll oe aoie to continue the chanty$ ¢yrrent aciiyiiie5 while consideratiw 13 givèn to ways In whith additb)nal funds may b• raised This Iwel ol reseryts ¥ Deen maiDIae0 trrougnout the year The tru6&$ have lh• major n¥kÈ io which the charity IS exposed. ano aro $aDsfied thai sysierns are irt la to mrtipts eXPOYure 10 the wior Structure, govoThanc and management The cnaniy Is a company limited by 9uar8ntee. Th8 truStes who ¥e?1so the directors lorlhF Purpose ol cwpsny law and who r¥ed during the yearwere M M Morns JCDWÈlls D R 8roudie The Itusiees ol the were selected and 4ppthfi on the b$SiY ol their potenli¥A Involyemerl In the eamival for the wrticular skills and e*penence ihey have to offer ihe Non8 of the trusiees has any bÈnefioal interest In thè CoMnY Al the trustee5 are members of Ihp companyand gu3rantÈe to conwbute £1 In thè evenlof a wnding up The Board of Trustees meelon a wJlar bas15 to dits¢uSS ihe actiyib¢$ ol the charity The IN6189¥' réport was approved by the Board ol Trustse$ M M Morns Tru5tep 27 June 2023
LIVERPOOL CARNIVAL COMPANY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVERPOOL CARNIVAL COMPANY LIMITED I r¥ort 10 Irts trustees on my exammauoD of Ihe fintyai $tementS ¢1 Liverw CamN CthMP8ny Mited lihe thafityl lor Ine y881 enoed 30 September 2022 Re8PQn$lDlll¢s and basls of report As the tru$iets ol Ine ¢h8fity iano also rts diredors lor the wrposes ol company iawi you a respo11¢ for the preparation ol ths fin¥n¢iai siaièmenls In aCcOrdar with the rèwirèmènts of the Cornpanies ACI 2006 litte 20Q6 A¢ll Having $8b$fieo myse51tt the financial staiements of the tharrty are not rUl[ed io b& a110 unoer Part 16 of the 2006 A¢t and are elioible for IndepeeN examination I teport in of my examination of Ihe aritys finanal 5tat8rnents carried Oul under section 145 of ChanbesAct 2011 Ilhe 2011 Act) In ¢¥rryin9 out my examina0 I hAvè followed all ihe applicable Directi8 giv8n by tho Chaiity Corn$0 un¢9r sethon 14515llbl ol e 2011 Act Ind•wnil•nt 8xaminerfs Stat&mnt I have ¢ompieied my examination I confirm that no marters nave come to my attenJon In connection thè examination giviftg me ¢8USe to believe In any rnaterial respe¢i accountiw record5 were not kept In re$p¢tt of the chariDk as required by seTh 386 of the 2006 Act or e hnBnciai $tements do not aOrd wlh those records or the finanuai statements do noi Gornply wrth Ihe 3CCOufiiing requirefflents of ¢lion 398 of the 2006 Act other Ihan aDy requireffleni ihlbe a¢wunis givè a Ifue and fair view whh Is not * m8tw consi0e as part olan independent examination or e financi81 Ststeffjen have not bÈen Prared In accordance wilh Ihe tn8thod8 8nd pnnciples of Ihe Statement of Re<xmfflended Pra¢ti¢e for accouning and reporting by charit5 applicable chanlie$ preparing tDeir accounts In aGcord¥n¢e Ine Financial Reportsng Sl?ndai¢ 8PVI¢•Die In tne UK and I have no concem5 and have com& atross no other matters In connecton with th¥ examin8ton vthich atteniion Shold be drBwn In this rewrt ID ty¢erio enwie 3 proper understanding ol the financial St3Ments ch N J O'DonDvan Charttr¢A¢couniaN Lonsdalt & MAtsh 809-510 Cotton Excharye Bix1¢W sireol Liverpool L3 9LQ Dsted. 27 JLYbe 2023
LIVERPOOL CARNIVAL COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022 Unrestrtcted Rostricted fund5 lund$ 2022 2022 Tothi Unre5the lun¢$ 2021 Rg¥lnct4d fvnds 2021 To 2022 2021 Notss Donions ano legaoes OtheT IrKome 10240 10.240 15297 8.325 23.S22 108 Total Incom• 10240 10240 15.4Q5 8325 23,730 pportcosts 600 cnarrtable acknvityes 20 978 JS 296 14 S76 14676 Totsl royDurcVd gMpqnd8d 20 978 35 806 15.276 1527 ih¢oming resource5 befDrè trnnsfers 14.$781 120.9781 129 8325 8.454 Gro$s tran3fer5 rund$ 10 21.647 Ner Incorn(8XpEhd1turè> for the yearl Nel rnovemoDt in ftynds 16 969 142.6251 129 8.325 84Y Fund balan at i Ouobei 2021 676 42.825 43.301 Y7 34.300 34.847 Fund blance$ at 311 Strptombèr 2022 17.84$ 17.645 878 42 025 43.301 Tne #atement offinanci* activrtlPS ali gains and bsses retoonisety In the yeai All Income and expenlrture ¢enve trom continuing aCtiyitie3 Tho Stgiement ol financial ¥¢livitlas alx wlh the requirèmts for an Income éxoeThdiiure acujunt dél the Cornpanie5Act 2006
LIVERPOOL CARNIVAL COMPANY LIMITED BALANCE SHEET AS A T 30 SEPTEMBER 2022 2022 2021 Curttrnt assets Debtors Cash ai tranK and In ha 21 434 44.501 22.045 44 501 Creditors". amounts fallin9 du• wilhi one year 12 Net cutr8nt asse 17.$45 43.301 Incomo funds RestCte4 funds Un$trIed funds 13 2,625 676 17848 17.645 431 The cornpany 1S entitled 10 ihe exemwon (rom the audit requiremeni contained In s&cbon 477 of th¢ Companies Act 2006 lorlhe year eed 30 September 2022 The dIreOr$ acKn0¥vlee thr respoD5Lbililie8 for complying with the requir8mènts of the CotnpatMe$ Ad 2006 wilh res 10 accounting reeords ano the prtrparaiion of finaDrwi staiemeDts The memb8ts have not required Inecompany Obt an wdil of rt¥finantsol statefflenis lorthe yearin qu•5kn)n in acuKdartewlh secbon 476. These fiDanci¥l statements have beèn wared In g¢cordAnce wilh thè wovisions applif*bl• to Compani89 $ubieGt the small CQfflPAnies re9ltné. ffinancial SLaiemért$were approved Dy theTrustees 27 June 2023 PA M Moms Trustè¢ Company rggistration number06208453
LIVERPOOL CARNIVAL COMPANY LIMITED NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accounting pol8 harlty lrnforniation Liverpool C8rniV81 Company Limited Is a privaie cThnp8ny IimilU Dy guaraniee Incorporated In England les The rpgi$T$f$d tyffi¢¢ 1$ tro Lonsdale & Marsh 509-510 Cotton EMChan9è Bixtsth Street LiverwDI L3 9LQ 1.1 A¢¢tsvntlng ¢onvèntlon Th& finSntiSI Statèmènt5 have èeen prepared In accgrdan¢8 witn thè chanty's goveming document. ompanies Act 2006. FRS 102 The Financial Reporting St8ndard &PPlicable ift rhe UK and Rgpublic of the cnaritye5 SORP -Accounling Reporting by cbaritie5 Staternonl of Rewmfflenoèo Pr¥di¢e appliOIe to cTharities preparing their a¢¢ounis 2CC0rdance with the Finan¢ial Reporting Slan03r¢ 3ppli¢able itt the UK aftd Republic ol Ireland IFRS 1021" ieffettrive 1 January 20191 The charity Is a Public Benéfit Entitri a5 defined by FRS 102 The ¢haiity has Laken aavantsge ol the provisions in th¥ SORP foi cn8nties not LO wgiare a Staw•nt ol Cash Flows The financial slaiemeni¥ ¥rÈ piepafed ift Stell9 which L5 ihe tyncts0 Gutr4ncy of thè chanty. netary afflounts In these finan¥1 ¥stements are roundell to the nearest £. Tre finanryal &18ments hsv8 prepared und¥ the historicJl c08t Cllnvgnbon Thè Pnncipal accounbng policies ¥¢opied a setoul belo 1.2 GoSng concern Tme 9iobal outbreak ol Ctyonavifus a Significani Impxi on th8 ¢h&rrtabie activities of trE charity However and as explained more lully In Ine trustees. report 31 the tirne of ?ppioving the financial statemen15 the Yuslees have a reasonable expe¢t¥tiOn Ihai the hanty has adeouaie resource5 to continue In operation31 existence Forlhe Immediats futur& Thus e Irusie¢s ¢ontinue 10 adopt the going Goncern basis ol ¥CCOunting In preponry ihe firnanci 5taternenl 1.3 Ch¥ritsbl• fundg Unre31ric lunds ale Available for use al the discrelKn vf thè truYt•ts In frJrthèrance ol their th8tilobl• ODiethes Rè61ricled fvn48 are subiKI lo condi5 by doncrfs a5 to how Ihgy may Lw u$9d purpose$ uses vf the reridfl furtits are setout in noies the financial $teMentS Endowment ar? Eubieu tts conditions by donor5 that Ihe c¥prtai must D¥ m$int8ined by tre chanty. 1.4 Incom• Income LS reco9Dised vtheTh Ihe chjrity i¥ legally entitled to Il after any pwformanre con¢ibon¥ b44n m•1. the arnDJmscan btr ma8rI fiatyy. ana Il 1$ probatrAe that IrKame will ba Cash donations a recognised On receipt Other donalions a rèco9nised once the charity has bettn nrAifd ol the 4onabon unless perfonllap.ce con¢ilion3 require delerrAI of the amount. Income tax rewveiabie in relation donations received under GIflAid dée¢s ol ¢owenant IS iecrynised ai the ffle ol the d¢nion Leg?oe3 4 reeogniged on receipt or othentrise If the iarity has b88n tsfId of Impending d¢lrbulion the ¥mou•i Is known. and reIpl IS expeued If the afflouni IS not known iaCY IS ire?ied oYmDgtni asset
LIVERPOOL CARNIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENT5 ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accouniing pDlkles (Continued) 1.$ Expendlture Resour$ e¥pénJa ar& Included ID Ine S18tement of Financial Al¥e$ an accru815 D8515 CluSive ol any VAT that Is nyl Tecoversoiè 1.6 Ca¥n and ¢ash equlvalents Cah cash equivabnts Includ• cash In hand. d4posrt5 held at Cali Wiltt banks other $nort-ierTll liquid Invegtments original matLtIeS of lhe months or les5 a bank overarafts Bank overckafts a sbow 1.7 Financial instrumènts The Gh$iily nas elected lo awly the provisions of Sdion Tl '8asic Financial Instrum. Se¢bN 12 Other Financial Instrumerrts Issues ol FRS 102 10 ali ol rts flnanDal Instruments. Fin3n¢i•l Instrurnents are r8cognised In Ihe chanty's bance skEel whets the chanty becomes party io the ontr8ctual provisi0f th8 InstrUmt Financial 3s5ets and Iiabiiiue5 are offset wltn tme nei amounts pre5enied in the finattci81 statements Ihere Is a leg¥iiy enfortsable rwjhl ID $ei off the recognised amounts and there IS an Intentk)n to settle ¢n a besis oito real$ the asset and settl& Iiablity sirnullaneoysty Basic finaneial assets BasLC financial assets whh InLaude debtors and cash and baTrk balancts. ¥re Iniiially measured at tran$acliop pnc8 Induding Iransadion CDSt$ and a subseqv$ntly carned al arnortid ¢osi the effeaNe Inieresi fflethod unless the arranpment constitutes a finsncing transection where ihe fr8nsaiOTh IS measured ai the preseni value of the lulure receipis dixounied at a martel r818 of Interest Fin8ncial gssets classthed es re¢eivatye 4Vrthill one year¥re not artIse Basic financi li&bililies Includiw cr¢rtors and rnk loan$ are Initially recogruse¢ at irnnsacbon pn¢e wiess th& aangernent tonstituies a finan¢iftQ transaCtn Wherp the debi Instruffleni Is measured al ihe psent VAthin One year arp not amortised Trade creditors 8re ODligiOnS lo pay lor go$ seTvices t Thave been acquired Ifi the ordlnary rourte ol operaiions trom $UOPlier5 Amoums Qayat are classified ¥$ Current abIlItieS If oayment Is due witnin one Dere¢ogrtit+on of lInaRcliN•ts111Iles Financial IISbilrti•$ are derecryn15@tt wmn the chanty-s ¢ontracwal owigabons expsre or are discharged or cancelled 1.8 Efnploy•• b•nefit5 The $t ol any l1&Y entitlemeni ie r•w5niyéd In peri in the employ8•'1 $4Nice5 are received Terminion Dwefits are re¢ognised Immedialy 8$ 8n expense Ythèn the cnarrty IS eDn$8)lY committe4 lo letTninats ernploymenk of an èmployee orlo probi¢• teminalion b•r*ffts
LIVERPOOL CARNIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEM8ER 2022 CrtU¢al a¢¢ountlnq èstlmates and judgements In the applicaiiOTr ol the chaiity 5 accounting polKies. the tru¥tse$sre r&ouire¢ to m8ktiuiements estsMaS and assumptions about the carrying arnouTrt ol asseis and 118Lxliliès that are not rÈ8uily 8pparen from Oihei Sourtès The esiimaies and a55fxiaied assumptions are based on hi*0¢81 expenencè 8nd otn8r i8¢tors Ihai arè considèrèd tob• r•levant A&ual results may differ trorn these estimates The estimates and uDdenyin9 assumptions ar& reviewed on an ongoing Revisions accountr estimates are racognised In the period In which the eslLmaie r$vis¢d where rèvision affec only Ihai period u In the penod ol the reViOn and future periods where the revision affe$ botn ¢urrent and future periods D¢Thatns and legacles Unr•$trict•d lunds urSlCd R8#trictsd fund$ funds Total 2022 2021 2ll21 202t Donabons and gits Gr8ni$ re¢eivable 10 240 1.544 137$3 8325 22 078 10.240 15297 8.325 23.622 Othor In¢0 Total Unr•sirict• funds 2022 2011 Oitter Incorn Support costs Unrfjs¢ri¢t8d UnrÉstnctad fvhd¥ Js 2022 Support costs 8N 600
LIVERPOOL CARNIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 harllable Ktwitl4 ¢•rniv•l exp•nses 2022 ¢arnival expen¥È# 2021 ch•ritae sctivities 35 296 1467& Analy515 by fund uniesiriclel funds Restricted lufids 14.318 20.978 14 676 35 298 14 678 Ttustses Non8 of the iwstees (Trr •ny person6 oy)nne¢ted wih them) ieceived any remunerabon during year In rw•ct Oft1r 8etvi(xa aytrustees Employees The average monthly numberof empityees ihe year. Including trJstt8$ w85 2022 Number 2021 Number ThereYAr4 n04mployeg¥ 0$4 annual rr0n was mor8 Ihan È60 000. Tne Charty Is extmpt ftom tax on Incomt 8nd gans lalling wrthin secbon 505 of thè TaxosAci 1P88 or gect 282 olthe Taxaiionof Chwgeable GairALt 1992 lQ IhÈ $Xtent thai tha$6 ère $pled 10 Its ¢arable objects 10 Tr8nsfers The Carniv31 potPODèd Irorn 2020 and trom 2021 w?g hÈid dunng 2022 The Lrustee8 have coDfirmad tn81 e coDdibon¥ relaTrY io rhe re$tncted tuntts held w8rÈ mei durin9 the ¢urrènt year and ¥$ $uch the reslnt funds surply¥ has been ir¥nsferfed 10 Urrts1ieU funds 11 D*btorB 2022 2021 Amounts f•iiinq due within on& yèar.. oiherdetyMS
LIVERPOOL CARNIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEM8ER 2022 1Z Cr84iiors." amounts r•lllng dufy wllhln one year 2022 2021 Other crfjdilry¥ Acuuais ano uefeffe¢ Income 3.20D 1.200 1 200 4400 13 fq9strKt•d funds Resmcted tunds Pret any sUrS DI grants and aonatson5 re1ved Ln connection with COStS dIreY attributable lo ihe 1¥31 held In July eath year Al the end ol the currefji financial year these SUiPluS funds 14 Anatysls of net aSSts bethen funds Unrgstrictsd R•strfct&d funds fund5 2022 2022 Total UnT95tricted Restricted fund$ funds 2021 2021 Totsi 2022 2021 Fund balances al 30 Sepiember 20 are represented by 17 645 77 645 676 42 625 43 301 17 645 17.645 676 42 62$ 43.301 15 Related party transa¢tlOn8 Thar8 werè w digJosae reE81e¢ pgrty transactnsTln9 rhe year12021 - none). to-