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2023-04-05-accounts

Trustees lan Forsyth Lee Duncan Duncan
Geoffrey George Wall
Mark Rupert Feeny
Charity number 1136180
Principal address c/o Brabners LLP
Horton House
Exchange Flags
Liverpool
L2 3YL
Auditor DSG Chartered Accountants
Castle Chambers
43 Castle Street
Liverpool
L2 9TL
Bankers HSBC Bank pic
99-101 Lord Street
Liverpool
L26PG
Solicitors Brabners
LLP
Horton House
Exchange Flags
Liverpool
L2 3YL
investment advisors Rathbones
Port of Liverpool Building
Pier Head
Liverpool
L3 1NW
Accountants DSG Chartered Accountants
Castle Chambers
43 Castle Street
Liverpool
L2 9TL

Page
Trustees'
report		 1-4
Statement
oftrustees'		 responsibilities
Independent
auditor's		 report 6-7
Statement
offinancial		 activities
Balance sheet
Statement ofcash flows 10
Nates to the financial statements 11 - 20

Unrestricted Unrestricted Total Unrestricted Unrestricted Total
funds funds funds funds
General Capital General Capital
Notes 2023
f.		 2023
6		 2023
6		 2022
6		 2022f 2022
n orna and endowments from
Investments 3 234,082 234,082 215,832 215,832
Other income 4 315 315 1,400 1,400
Total income 234,397 234,397 217,232 217,232
Emandittttbgg;
Raising funds 30,699 30,699 32,393 32,393
Charitable
activities		 8 118,646 25,561 144,207 241,559 21,574 263,133
Other 11 62 24,400 24,462 36 36
Total resources
expended 118,708 80,660 199,368 241,595 53,967 295,562
Net gains/(losses) on
investments 12 (585,383) (585,383) 409,703 409,703
Net movement in funds 115,689 (666,043) (550,354) (24,363) 355,736 331,373
Fund balances at 6April
2022 138,855 12,024,063 12,162,918 163,218 11,668,327 11,831,545
Fund balances at 5
April 2023 254,544 11,358,020 11,612,564 138,855 12,024,063 12,162,918

2023 2022
Notes 6
Fixed assets
Tangible assets 13 2,780,000 3,045,000
Investment properties 14 90,000 90,000
Investments 1I5 7,552,724 8,254,740
Mixed motive investments 316,845 378,274
10,739,569 11,768,014
Current assets
Debtors 16 6,288 4,102
Cash at bank and in hand 888,694 408,370
894,982 412,472
Creditors: amounts falling due within
one year 17 (21,987) (17,568)
Net current assets 872,995 394,904
Total assets less current liabilities 11,612,564 12,162,918
Income funds
Unrestricted funds - Capital 11,358,020 12,024,063
Unrestricted funds - general 254,544 138,855
11,612,564 12,162,918

2023 2022
Notes f 6
Cash flows from operating activities
Cash absorbed by operations 20 (172,420) (303,529)
Investing
activities
Proceeds from disposal oftangible fixed
assets 240,600
Purchase ofinvestments (529,855) (1,212,222)
Proceeds from disposal of investments 707,916 1,243,695
Investment
income received		 234,082 215,832
Net cash generated
from investing
activities 652,743 247,305
Net cash used in financing activities
Net increase/(decrease)
in		 cash and cash
equivalents 480,323 (56,224)
Cash and cash equivalents
at beginning		 ofYear 408,371 464,595
Cash and cash equivalents at end ofYear 888,694 408,371

Unrestricted Unrestdicted
funds funds
General General
2023 2022
8 F
Income from listed investments 140,046 145,161
Income fram unlisted investments 8,390 7,927
Overseas interest 12,678 11,915
Overseas dividends 65,503 50,787
Interest receivable 7,465 42
234,082 215,832
Other income
Unrestricted Unrestricted
funds funds
general General
2023 2022
6 F
Wayleaves 1,000
HMRC (185) 400
Funds due to Trustees from Hynet 500
315 1,400

5 Raising funds Raising funds
Unrestricted Unrestricted
funds funds
Capital Capital
2023 2022f
Investment
management		 30,699 32,393
30,699 32,393
6 Charitable
activities
2023 2022
F
Motor vehicle insurance 804 1,314
Maintenance &preparation of motor vehides for sale 305 1,820
Insurance - Storage ofArt 3,840 3,388
Transportation costs 2,768 3,846
Postage costs 9
7,726 10,368
Grant funding ofactivities (see note 7) 102,400 224,000
Share ofgovernance costs (see note 8) 34,081 28,765
144,207 263,133
Analysis
by		 fund
Unrestricted funds - General 118,646
Unrestricted funds - Capital 25,561
144,207
Forthe Year ended 5April 2022
Unrestricted funds - General 241,559
Unrestricted funds - Capital 21,574
263,133

2023f 2022f
Grants to institutions:
3H Fund 900 2250
Abbeyfield 300 750
ABFThe Soldiers Charity 1,750 4500
Addington
Fund		 1,750 7500
Amputation
Foundation		 3,000
Animal Action Greece 5,500 15000
Animals Asia 1,200 3000
Blind Veterans
UK		 3,250 9000
Breakthrough 1,200 2000
Brooke Hospital
for		 Animals 6,000 16500
Combat Stress 6,500 18000
Dogs Trust, Shrewsbury 1,200 3000
Douglas Bader Foundation 600 1500
Hope House Children's Hospice 5,000
fndependentAge 3,250 9000
Katherine
House Hospice		 1,750 4500
National
Museums		 Liverpool 2,500 6000
Nicodemus 600 1500
MIND 600 1500
Parkinsons
UK		 3,000 7500
PDSA 4,750 12,750
Seafarers UK 1,200 3,000
Silver Line 1,250 3,000
SSAFA 4,500 12,000
Starlight
Children's		 Foundation 2,750 6,750
StJohn the Baptist Mildenhall 1,200 3,000
St Luke's Cheshire Hospice 3,250 6,000
STUBS 600 1,500
The Christie
Charity		 6,000
The Gurkha
Welfare		 Trust 4,500 12,000
The Not Forgotten Association 1,750 4,500
The Outward
Bound		 Trust 1,200 3,000
The Royal British Legion 3,850 10,500
The Royal Navy and Royal Marines Charity 3,000
The Royal Star 8 Garter Homes 1,750 4,500
The Severn Hospice 3,000 7,500
The Woodland
Trust		 1,200 3,000
Up n'Away 600 1,500
Wings For Warriors 1,200 3,000
ZANE 5,000 13,500
102,400 224,000

8 Supportcosts Supportcosts
Support Governance 2023Suppoit costs Governance 2022
costs costs costs
9 9 f F
Legal and professional 23,641 23,641 20,197 20,197
Audit costs 1,200 1,200 1,200 1,200
Accountancy
fees		 9,240 9,240 7,368 7,368
34,081 34,081 28,765 28,765
Analysed between
Charitable activities 34,081 34,081 28,765 28,765

Unrestricted Total
funds
Capital
2023 2022f
Revaluation
ofinvestments		 (451,412) 329,866
Gain/(loss)
on sale ofinvestments		 (72,542) 1,862
Revaluation
ofCMG paid up whole of life policy		 (61,429) 77,975
(585,383) 409,703
13 Tangible fixed assets
Motor vehiciee
f		 Paintings
f		 Totaif
At 6April 2022 265,000 2,780,000 3,045,000
Disposal proceeds (240,600) (240,600)
Loss on Disposal (24,400) (24,400)
At 5April 2023 2,780,000 2,780,000
Carrying
amount
At 5April 2023 2,780,000 2,780,000
At 5 Apdil 2022 265,000 2,780,000 3,045,000
14 Investment
property
2023
f
Fair value
At 6April 2022 and 5April 2023 90,000

Fixed ass et investments
Listed
investments
Cost orvaluation
At 6April 2022 8,254,740
Additions 529,855
Valuation changes (451,412)
Profit/(lass on disposals) (72,542)
Disposals (707,917)
At 5April 2023 7,552,724
Carrying amount
At 05April 2023 7,552,724
At 05April 2022 8,254,740
Debtors
2023 2022
Amounts falling due within one year: 6 6
Other debtors 6,288 4,102
2023
6		 2022f
21,987 17,568

18 Analysis ofnet assets between funds
General Capital Total General Capital Total
2023f 2023f 2023
f		 2022
f		 2022 2022
Fund balances at 5
Apdil 2023are
represented
by:
Tangible assets 2,780,000 2,780,000 3,045,000 3,045,000
Investment
properties		 90,000 90,000 90,000 90,000
Investments 7,552,724 7,552,724 8,254,740 8,254,740
Mixed motive
investments 316,845 316,845 378,274 378,274
Current assets/(liabilities) 254,544 618,451 872,995 138,855 256,049 394,904
254,544 11,358,020 11,612,564 138,855 12,024,063 12,162,918

20 Cash generated
from operatio		 ns 2023 2022f
(Deficit)/surpus
forthe Year		 (550,354) 331,373
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (234,082) (215,832)
Loss on disposal oftangible
fixed assets		 24,400
Loss/(gain)
on disposal of investments		 72,542 (1,862)
Fair value gains and losses on investment bond 61,429 (77,975)
Fair value gains and losses on investments 451,412 (329,866)
Movements
in working
capital:
(Increase)
in debtors		 (2,186) (3,360)
Increase/(decrease)
in creditors		 4,419 (6,007)
Cash absorbed
by operations		 (172,420) (303,529)
21 Analysis ofchanges
in net funds
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