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 $￿-s1o Cotton Exalan Birtelh Streol LIV8￿0D1 L3 9LQ Inde￿ndent èxamSn•r Lonsdalè & Matsh 509-510 Cotton Exchange Bl￿eth Stre81 LiveooTrl L3 9LQ LIVERPOOL CARNIVAL COMPANY LIMITED CONTENTS P¥ge TruFl8è5' ￿port InJeKETh*ni eXam￿er$ 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 Y*aren￿ 30$e￿￿2022. Th2 finatbS4 S1aterr￿rtS ha* been pre¥ared In ac¢ordw the ￿l￿tIng polKv3• ¥el in nL*8 I ta th4 finanual aèl8mwt5 and vlilh the chaws go¥¥Nng Lk)BLwnFni, the A¢t 2008 'A￿￿Trn9 and RepOrt￿g by Chan1￿5. Stalemw)t ofRecommended Pr￿titte Char￿eS prepanng aLr(urt$ In acc*rd￿ y￿th thè Finan￿a5 Repo￿ng strr￿￿d ap￿1¢?￿@ 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**• pa￿j dLW ￿ard to gJidArKe issued by the Ct*iiy CommwKJn In wh41 thoes tre tho¢ty al¥)￿0 U[￿liake. Achlwem*Dts and ￿rtOm￿n¢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 be￿nn￿g 012020 and ibe re￿￿1 stdct kn(*do¥Yn measur05 which wÉre in pl*e 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 Can￿lI41￿J￿ ofttr* 2021 festival, Ihis fUr￿Ing ¢•nW ov8r to 2022 In￿￿ed wthin trÈ 01 fffiarKl￿ aL*v￿eS.ThiS ￿r￿1￿9￿85 reLawd fruTn Arf¥ C￿￿11 Ewl8rO snd frDmA%¥ards 4AM. A 5n￿l￿r scab Camival was in 2022. ￿Ver th# tyustees v￿re uDarie ￿ seojre any aodib0n￿ frjrdiny Thè truglees haye wen th•d￿￿On ttsptyt￿e 2023 Cw¥val th*12024. Dwlrvj the prevv)v¥ fir*r*kl year, ihg tharty atye ta S￿re eMe￿encY￿￿dlrWj from DCMS Cu￿re Recov8ry Fund to be used ￿ Ix)ver the thylo day Yunn4ro costs chodty. Dunng Ihè Current yearlhF yfra9tn￿r￿ Lqtrng lolhe Ilbr¥y bu1￿1￿9 froKDvrt)th the chanty IS￿nr￿e ir￿e&S￿￿ subswtl81ty. Thelrusiee# hawIak￿th d¥i4on bvacaethe1*rsry bul(hr¥J Tr) 2023 The iruslee8 are thai wJdityon4 fundlrg 6PDn8or#h￿ tof the feslval is like￿kn b8 th￿¢￿*t0 ats ai ts curwl Iityt Cumure LIVew￿ ￿lf￿) held to detèminè the onwing $Ls&n8bilty afKI ftrture forthe Charity. Tho Mmtees ofth8 1*arityw￿d Ike lo re￿ tsrtl*nK810 thefollowr¥J ¢rganbgt0nsfoTth*rsopto￿. Atts Counol Ewland Awards 4 P H HLIt FLuOallon DCMS cL￿ts8 Rwery Fund Flnanckil Mvlew As explgAned more ￿llY In the schwernent5 and ￿rfth￿anGe st¢tiM oflhk4 rep￿t, ii*vwhM resmwjns il p*¢ as a result of CoronaYiFU5 havtr had a impact on Ihe finan(Jal pertornarKe ol the chatity The thariry receivgd Intome 01 £10,240 dunTrJ year from dOnati￿S and I￿a￿e¥ The Eharity incurTed trYp￿ure ot £35.8W thrir#J y￿r rwdbn9 in B deficitfoithé y4arof£25,656. AS u*Ch8rSty ha5 hEld the Car￿Val pogtptyied from2020 from 2021. the Cond￿On$ forthg purpose oflhe restrthd fimds have It￿le# 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 uwestro*d lunds.At the end of tr*yearthere is an unrost￿led fL￿j b¥bnc4 of £17,645. Nrtwirthnthng the Impad m the chalty 8* ty ￿6￿lL of the 9knb￿ ￿break of Cor(ThwNS as explainèd mcrfe In ￿evern8nts and FErfOrm&￿ ge¢Uon ofthisrewL Ir* trus￿es are oftt* ￿lef thol re88tvEs tem•n at Jn appTopri** lÈvd tntr Immediate futwé. Thè Ir￿tee5 are in obsc￿L￿S ￿1th C￿l￿e Livwl to (*lexrnlM I Or￿￿9 $uStainabiltyoftho Chanty. LIVERPOOL CARNIVAL COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT> ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 IS the Oicy of th& Charily that unre*fl¢l•a lund5 thich have not b2eD de$vJn8ied for a specift¢ Use should be maintained at a level eouivaiènt to befvlpen ihièe and six s expendi￿[# The irustees considets that rese￿e$ 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 maiDIa￿e0 trrougnout the year The tru￿6&$ have lh• major n¥kÈ io which the charity IS exposed. ano aro $aDsfied thai sysierns are irt la￿ to mrtipts eXPOYure 10 the wior Structure, govoThanc* and management The cnaniy Is a company limited by 9uar8ntee. Th8 truSt*es who ¥e?1so the directors lorlhF Purpose ol cwpsny law and who *r¥ed during the yearwere M M Morns JCDWÈlls D R 8roudie The Itusiees ol the were selected and 4ppthfi￿ on the b$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 CoM￿nY 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 fin*tyai $￿tementS ¢1 Liverw￿ CamN* CthMP8ny ￿Mited lihe thafityl lor Ine y881 enoed 30 September 2022 Re8PQn$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￿ respo￿1￿1¢ 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 myse51t￿t the financial staiements of the tharrty are not r￿Ul[ed io b& a￿11*0 unoer Part 16 of the 2006 A¢t and are elioible for Indepe￿eN examination I teport in of my examination of Ihe aritys finan￿al 5tat8rnents carried Oul under section 145 of ChanbesAct 2011 Ilhe 2011 Act) In ¢¥rryin9 out my examina￿0￿ I hAvè followed all ihe applicable Directi￿8 giv8n by tho Chaiity Corn￿$￿0￿ un¢9r sethon 14515llbl ol ￿e 2011 Act Ind•wnil•nt 8xaminerfs Stat&m*nt I have ¢ompieied my examination I confirm that no marters nave come to my attenJon In connection thè examination giviftg me ¢8USe to believe In any rnaterial respe¢i accountiw record5 were not kept In re$p¢tt of the chariDk as required by se￿￿Th 386 of the 2006 Act or e hnBnciai $￿tements do not a￿Ord wlh those records or the finanuai statements do noi Gornply wrth Ihe 3CCOufiiing requirefflents of *¢lion 398 of the 2006 Act other Ihan aDy requireffleni ih*lbe a¢wunis givè a Ifue and fair view wh￿h Is not * m8tw consi0￿e￿ as part olan independent examination or e financi81 Ststeffjen￿ have not bÈen Pr￿ared In accordance wilh Ihe tn8thod8 8nd pnnciples of Ihe Statement of Re for the yearl Nel rnovemoDt in ftynds 16 969 142.6251 129 8.325 84Y Fund balan￿ at i Ouobei 2021 676 42.825 43.301 Y7 34.300 34.847 Fund b*lance$ 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 requirèm￿ts 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 h￿a 21 434 44.501 22.045 44 501 Creditors". amounts fallin9 du• wilhi one year 12 Net cutr8nt asse 17.$45 43.301 Incomo funds Rest￿Cte4 funds Un￿$t￿rIed funds 13 2,625 676 17848 17.645 43￿1 The cornpany 1S entitled 10 ihe exemwon (rom the audit requiremeni contained In s&cbon 477 of th¢ Companies Act 2006 lorlhe year e￿ed 30 September 2022 The dIre￿Or$ acKn0¥vle￿e th*r 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 pol￿￿￿8 harlty lrnforniation Liverpool C8rniV81 Company Limited Is a privaie cThnp8ny Iimil*U 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 appli￿OIe 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 Stell￿9 which L5 ihe tyncts0￿ Gutr4ncy of thè chanty. ￿netary afflounts In these finan￿¥1 ¥stements are roundell to the nearest £. Tre finanryal &1*8ments 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 condi￿5 by doncrfs a5 to how Ihgy may Lw u$9d purpose$ uses vf the re*ridfl 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 ma8￿r*I f*iatyy. ana Il 1$ probatrAe that IrKame will ba Cash donations a￿ recognised On receipt Other donalions a￿ rèco9nised once the charity has bettn nrAif*d 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¢n*ion Leg?oe3 4￿ reeogniged on receipt or othentrise If the i*arity has b88n ￿tsfI*d of ￿ Impending d¢lrbulion the ¥mou•i Is known. and re￿Ipl IS expeued If the afflouni IS not known i￿aCY 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 A￿l¥￿e$ ￿ an accru815 D8515 ￿CluSive ol any VAT that Is nyl Tecoversoiè 1.6 Ca¥n and ¢ash equlvalents Ca*h cash equivabnts Includ• cash In hand. d4posrt5 held at Cali Wiltt banks other $nort-ierTll liquid Invegtments original matL￿tIeS of lh￿e months or les5 a￿ bank overarafts Bank overckafts a￿ sbow 1.7 Financial instrumènts The Gh$iily nas elected lo awly the provisions of S*dion 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 b￿ance skEel whets the chanty becomes party io the ontr8ctual provisi￿￿0f th8 InstrUm￿t 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 wh￿h InLaude debtors and cash and baTrk balancts. ¥re Iniiially measured at tran$acliop pnc8 Induding Iransadion CDSt$ and a￿ subseqv$ntly carned al arnorti*d ¢osi the effeaNe Inieresi fflethod unless the arranpment constitutes a finsncing transection where ihe fr8nsa￿iOTh IS measured ai the preseni value of the lulure receipis dixounied at a martel r818 of Interest Fin8ncial gssets classthed es re¢eivatye 4Vrthill one year¥re not a￿rtIse Basic financ*i li&bililies Includiw cr*¢rtors and ￿rnk loan$ are Initially recogruse¢ at irnnsacbon pn¢e wiess th& a￿angernent tonstituies a finan¢iftQ transaCt￿n Wherp the debi Instruffleni Is measured al ihe p*sent VAthin One year arp not amortised Trade creditors 8re ODlig*iOnS lo pay lor go￿$ ￿ seTvices ￿*t Thave been acquired Ifi the ordlnary rourte ol operaiions trom $UOPlier5 Amoums Qaya￿t are classified ¥$ Current ￿abIlItieS If oayment Is due witnin one Dere¢ogrtit+on of lInaRc￿liN•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 ￿l￿1&Y entitlemeni ie r•w5niyéd In peri￿ in the employ8•'1 $4Nice5 are received Termin*ion Dwefits are re¢ognised Immedial*y 8$ 8n expense Ythèn the cnarrty IS ￿eD￿n$￿8)lY committe4 lo letTninats ernploymenk of an èmployee orlo probi¢• teminalion b•r*ffts LIVERPOOL CARNIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEM8ER 2022 CrtU¢al a¢¢ountlnq èstlmates and judgements In the applicaiiOTr ol the chaiity 5 accounting polKies. the tru¥tse$sre r&ouire¢ to m8ktiui*ements estsMa￿S 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$vis¢d where rèvision affec￿ only Ihai period u In the penod ol the reVi￿On and future periods where the revision affe￿$ botn ¢urrent and future periods D¢That￿ns and legacles Unr•$trict•d lunds u￿r￿Sl￿C￿d R8#trictsd fund$ funds Total 2022 2021 2ll21 202t Donabons and gits Gr8ni$ re¢eivable 10 240 1.544 137$3 8325 22 078 10.240 15297 8.325 23.622 Othor In¢0 Total Unr•sirict• funds 2022 2011 Oitter Incorn Support costs Unrfjs¢ri¢t8d UnrÉstnctad fvhd¥ Js 2022 Support costs 8N 600 LIVERPOOL CARNIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 harllable Ktwitl4 ¢•rniv•l exp•nses 2022 ¢arnival expen¥È# 2021 ch•rita￿e sctivities 35 296 1467& Analy515 by fund uniesiriclel funds Restricted lufids 14.318 20.978 14 676 35 298 14 678 Ttustses Non8 of the iwstees (Trr •ny person6 oy)nne¢ted wih them) ieceived any remunerabon during year In rw•ct Oft￿1r 8etvi(xa aytrustees Employees The average monthly numberof empityees ihe year. Including trJstt8$ w85 2022 Number 2021 Number ThereYAr4 n04mployeg¥ ￿0$4 annual r￿￿r￿*￿0n 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 Gair￿ALt 1992 lQ IhÈ $Xtent thai tha$6 ère $p￿led 10 Its ¢￿ar￿able objects 10 Tr8nsfers The Carniv31 po*tPODèd Irorn 2020 and trom 2021 w?g hÈid dunng 2022 The Lrustee8 have coDfirmad tn81 e coDdibon¥ rela￿TrY io rhe re$tncted tuntts held w8rÈ mei durin9 the ¢urrènt year and ¥$ $uch the reslnt funds surply¥ has been ir¥nsferfed 10 Urrts1￿ieU funds 11 D*btorB 2022 2021 Amounts f•iiinq due within on& yèar.. oiherdety￿MS LIVERPOOL CARNIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEM8ER 2022 1Z Cr84iiors." amounts r•lllng dufy wllhln one year 2022 2021 Other crfjdilry¥ Acuuais ano uefeffe¢ Income 3.20D 1.200 1 200 4400 13 fq9strKt•d funds Resmcted tunds ￿Pre*￿t any sUr￿￿S DI grants and aonatson5 re￿1ved Ln connection with COStS dIre￿Y attributable lo ihe ￿￿1¥31 held In July eath year Al the end ol the currefji financial year these SUiPluS funds 14 Anatysls of net aSS*ts bethen funds Unrgstrictsd R•strfct&d funds fund5 2022 2022 Total UnT95tricted Restricted fund$ 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 digJosa￿e reE81e¢ pgrty transact￿ns￿￿Tln9 rhe year12021 - none). to-