Company Registration Number 07437397 JAMES BULGER MEMORIAL TRUST LIMITED Accouwrs FOR THE YEAR ENDING 30 INOVEMBER 2023 REGISTERED CHARITY NUMBER 1141125 EDWARDS ACCOUN'TANCY SERvicfs LIMTTED ROCKFIELD HOUSE GALE ROAD LIVERPOOL L33 7YE JAMES BULGER MEMORIAL TRUST LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 NOVEMBER 2023 CONTENTS PAGE Officers and professional advisor5 The Trustees Report Indepcndent Examiners Report Stat¢meni of Financial Activities Balan¢e Sh¢et Notts to the financial ststemenis 7-10 JAMES BULGER MEMORIAL TRUST LIMJTED REFERENCE AND ADMINISTIi4TION DETAILS OF THE CHARJTY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDING 30 NOVEMBER ?023 Trustees. Mr PG Currie Mr D Ferous Ms K Darby Mr A O'Brien Seeretsry. Ms K Darby Registered o￿l¢t. Suite 34 North Mersey Business Centre Woodward Road Knowsley Ind Est Liverpool L3J 7UY Registered charity number. 1141125 Company Number. 07437397 Accountants; Edwards AccounraD¢y Services Limit¢d Rockfield House Gale Road Liverpool L)a 7YE JAMES BULGER MEMORIAL TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) FOR THE YE.4R ENDITrIG 30 NOVEMBER ?023 The tru%tees who are also directors of the charity for the purpose of the Comp8nies act ?006, present their report with the financial statements of the charity for the year endin(T JO Nov¢n)b¢r ?O?- Objeetives 2nd Aetivities In so far as it is Cctmplimenvdry to the charity's objects. the charity 1$ ttuided by both local and national policy. Advic¢ from the local oroanisatiom has proved invaluable to the charity in establishints improved links within the comrnunity 2nd Identifyin￿ relevant policy developments and prospective fundinr Th¢ principal objects and actlVLti¢s of the charitable company in the period under review were focused on the provision of resources and fzcilities that benefit and supportyouniy ¥ people.. o arc dis2dvantaued by reason of haviniy becoTne the victims of ¢riTne. racial hate or bullyin Who have shown exemplary Conduct, making a positive contribution io We]f￿e of others or sociery in general. o have suffered personal bereavement or are deemed to be a carer or parent or sibling. By protectin(T the safety of children and youno adults through an infomial education prooramme centred around raisin people, their farnilies and &qr¢rs with respite. The charity runs on donations via rhe publi¢ and creating their own ¢Y¢nts. Black Tie & Tiard Ball. Swim with Sharks. Skydive for James. Spare a present for Christm￿. Kidsfest. The trustees have paid due regard 10 guidance issued by the Charity Commission in deciding what activities the charity should undertake. Plans for the future eriods The James Bulger Memorial Trust Lilnited will be organisinip all events above in the forthcoming year The use of holidaylrespite hom¢. JAMES BULGER MEMORIAL TRUST LIMITED TRUSTEES REPORT (continued) FOR THE YEAR ENDING 30 NOVEMBER 2023 FinaD¢ial review The Financial activities for the period and financial position of the charitable ¢omp8ny arc shown in the annexed financial stat¢m¢nts. Gross income froln all sources this yeartotalled £7507? Structure. Governance and Manag¢rnent Th¢ James Bulg¢r Memorial Trust Limitrd is manaued by the board tsf tNstees. The Trnsr¢¢s are familiar with the pra¢ti¢e work of the charity and are encouraged to attend retsular training, feedback and update sessions. The trustee meei formally on a quart¢rly basis via emaivzoom and are responsible for the strategic dErection and policy of the charity. There is a shared responsibility for ensuring that the charity delivers the service specified, that the Ley perfomiw)ce indicaiors are mei and that th¢ charity continues io develop workin practices in line with good practice. Th¢ Qrganisation is a charitsble companv limited by ¢ruardnzee. incorporated on I l November ?010 and regssiered as a harity on 04 April 2011. The iyovernino instruments under which the charitsble company operat¢s compromise the M¢mordndum and Articles of Ass0¢iatitsn tooether with the policies made from time to time by th¢ Tru51ees. Mr PG Curri¢ Mr D F'ergus Ms K Darby Mr A O'Bri¢n Approved by ord¢r gf the board of N5tees on ?8 August 20?4 and signed on its b¢half by.. Ms D Fergus Dated ?8 August ?0?4 JAMES BULGER MEMORIAL TRUST LIMITED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF I report to the trustees on my examination of the financial statements of JaTnes Buloer Memorial Trust Limited (the charity) for th¢ y¢ar ¢nded 30 November ?023 Responsibilities and basis of report As ihe misiees of the chariry (and its dirKtor5 for the purpose of the companv law) you are responsible of the preparation of the financial stai¢menis in accordance with the ttquirements of th¢ Cornpanies Au ?006 (the ?006 Act) Havin8 satisfied myself that the financial statements of the charity are not required to be audEted under part 16 of The ?006 Act and arc cli(yible for independent examination. I report in r¢sp¢ct of my Cxamsnation of the charity's financial sratem¢nts arried oul under section 145 of the Charities Aci ?01 I Ith¢ ?01 l Act). In carrying out my examination I have followed all th¢ applicable Directions (Tiven by the Charity Commission under sectson 145(5)(b) of the ?0 I l Act. Independent examiners statement J have completed my examination. I confirm that no matters have come to my attention in ¢onnection with the examination ivinu mt cause to believe that in any material r¢spect-. Accountino records where not kepi in respect of the charity as required by se¢tion J86 of the 2006 Act., or The financial staiements do not accord with those records; or 3. The fiTsan¢ial giatements do not comply with the accounting requir¢ments ofthe section 396 of the ?006 Act other than any requiremenl that Ihe accounts tsive a true and fair view which i5 noi a matter considered as part of an ind¢p¢ndcnt ciamination.. or 4. Thc financial ststements have not be¢n prepared in accordan¢e w'Tth the methods and principles of the Statement of Rccornrnended Practice for accounting and reportin- by charities applicable to charities preparing th¢ir a¢counts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Irepublic of IT¢land (FRS 10?.) I hav¢ nct Concerns and have wme across no other mattets in conDe¢tion with the examination to which attention should be dr#wn in this report in order to enable a proper understanding of the financial staiemenis zo b¢ r¢ached. Edwards Accountancy Services Ltd Malcolm Edwards FMAAT JAMES BULGER MEf4lORIAL TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 30 NOVEMBER 20a? Unrestricted Restricted Total Unrestrictrd R¢stri¢ted Tota] fvnds Funds funds Funds ?0?3 20?? Notes Incoming resource5: Don&tions l L¢gacies Charitable Activities 42214 39974 39974 5719 5719 40(K> 4000 OtherTrading Activiijes 27139 9705 9705 Totgl incorning resourets 53679 53679 Resoyrc¢s ¢xpend¢d. Cost of eharitsble artivitie5 Oth¢r r¢$ourtes expet)ded 18770 18770 57000 57000 46732 46732 Totsl reso¥rees expended 6550? 65502 57000 57000 Net outgoing resour¢e5 for the yeAr Transfer between funds 9570 9570 -33?I Furtd Balance at l$t December 2022 149792 73074 222S66 73074 ??6187 Fund Malxnte at 30th November 2023 ]5936? 73074 2)2436 149792 73074 222866 The statement of financral activities in¢ludes all gains and losses recognised in this year. All income and expenditure derive from ¢ontinuing a¢tiviti¢s. The Sta￿ne￿I of finaincial activities also eomplies with the requirements for an income and expendifLwe a¢¢ount under the Companies Act 2006. JAMES BULGER MEMORIAL TRUST LIMITED BALANCE SHEET AS AT 30 NOVEMBER 2023 2023 2022 Notes Ftxed Assets Tangsble Assets 1)0900 Current Assets D¢btors Cash at bank and in Hand 5019 98817 IOi8J6 6A09 85448 89310 Creditors. amounts falling due within one year ?300 1015?6 2300 87010 Totsl net assets ? J?4 J6 2?9866 Income Funds RestrÈct¢d funds Unrestricted fvnds 73074 159)6? 14979? Total Funds ?J24)6 ?22866 The company is ¢ntitl¢d to the exemption from the audit requirement contain¢d in s¢ction 477 of the Companies Aci 2006, for the year end 30 November ?0?3. The m2sr¢es acknowledge thew responsabilities for ensurino that th¢ ¢h2rity keeps accounting ￿CordS which ¢omply with lection J86 of the Acl and for preparing finan¢ial staiements which gÉve a true fair view of the sta* of affairs of th¢ company as at the end of the fjnancial year and of Ets income resources and application of resources. includints its income and ¢xpcnditLare, for the financial year in accordance wtth the requirements of sectiOTJS J94 and 395 and which oth¢nvise comply with the requirements of the Companies Act ?006 relating to the financial ststemenrs, so far applicable to the company. The memb¢rs have not requires th¢ company to obtain an audit of irs finan¢ial statements for th¢ year i question in accordance with section 476. These financial statements have b¢En prepared in a¢¢ord3J)¢e with the provisions appli¢able to companies subject to the small companies r¢rijrne. Approved by the Tntstees on 28 Auous[ ?024 and signed on their bchaifby-. Ms D Fer(rus Trustee Company registration no 07437397 JAMES BULGER MEMORIAL TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 30 NOVEMBER 20*3 ACCOUNTING POLICIES Charity Inform2tÉon James Bulger Memorial Trust Limited is a private limited company by guarantee incorporatcd in Enttland and Wales. The registered office is 145 Edge Lane. Liverpool. Merseyside. L7 2PF, United Kingdom. l.l Accountino eonvention The financial statements of the charitable company. which is a public benefit entity under FRS 10? have been prepared in accordance with the Chtirity SORP (FRS 102) Accountints and Reportino bv Charities.. Sraiement of Recommended Practice applicable to charities preparinTr the￿ accounts in ac¢ordance with Ihe Finan¢ial Reporting Stsndard applicable in the UK and Republic of Ireland IFRSI O?) (Effedive OlJanu3ry ?0151 Financial Reportill(T l O?. The Financial Reporting Standard appliGabl¢ in the UK alld Republic of Ireland and the Cornpanies Act ?006. Th¢ Finan¢ial Stat¢Tnellts hav¢ beeTL prepared under the historical cost convention. Th¢ Financial Stat¢ments are prepared in Sterlino which is the functional currency of the charity. Monetary amounts in the5¢ financial statements are rounded to the nearest £. Th¢ financial stat¢menis have be¢ll prepared under the historical cosi conv¢ntion. modificd to inelude the revaluallon of freehold properti¢s and to include investment properties and certain fin8ncial instrumcntf as fair value., The principal ac¢ounting polici¢s adopted are set out below. 1.2 Charitable Funds Unrestricted funds are available for us¢ at the discretion of the trustee in furtherance of their ¢haritable objectives. Restriaed funds are subject to specifIc Gonditions by donors as to how they may be used. The putyose and uses of the restrid¢d funds are set out in the notes ro the finan¢ial statements. Endowment funds are 5ubjeet IO SFtcifi¢ conditlODS by donors that the capital must be maintained by the charity. 1.3 Income All incgm¢ 15 recognised in the Ststem¢nt of Finaneia5 Aciivities once the charity has entitlement to the funds. it is probable that the income will be r¢ceived, and the amount can be measured reliably. In¢ome is stated at the gross amount. 1.4 Exp¢nditllre Li2bilities are recognised as &ipendirure as 500n as there is a leiyal Constructive obligation committintl the charity to that expenditure. it is probable that a transfer of ¢c4)nomic benefits will b¢ required in settlemeni and the amount of th¢ oblioaiion can be mea5UTed reliably. Expenditure is accounied for on a7J accrual basis and has been classifi¢d under headin￿￿ that awesate all cost related io the category. Where Cosis cannot be directly attributed to partlcular headings they have been allocated tts activities on a basis consistent with th¢ use of resources. JAMES BULGER MEMORIAL TRUST LIMITED NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDING 30 NOVEMBER 2023 1.5 Tangible Fixed Assets Tantrible Fix¢d Assets Èr¢ initEally Tn¢asur¢d at C05t and subs¢qu¢ntly measured at cosl or valuation. nct or depreciation and any impairnient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the followin(r basis.. Leasehold improvements Fixiure and fittings New Lodg¢ ?Ots/o on reducing balance. ?OO/o on cost ?O/o on reducing balance. Donated assets are presented at valuation. 1.6 Retirement Benefit The charitable ¢oTrpany operates a defined contribuiion pension s¢hem¢. Contributions payable to the charitabl¢ company's pension s¢h¢Tnc are rharued to the Statement of Financial Activities in the period to which they relate. 2 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the ¢harity'S a¢¢ouniin policies. the trustees are required to make judckements. estimates aTid assumptions about the caryin(Y aTnount of assets and liabilities Ihat ￿e not readily apparent froFn other sources. The estimates and associat¢d assumpti(kns are based on historical experience at]d other factors thai are considered to be relevant. Actual results may diffcr from these esiimates. The estimates and underlyints assumptions are reviewed on an ongoinu b￿ls. Revisions to accounting estimates are rectstsnised in the period in whieh th¢ estimate is revised where the revision affects only that period. or in the period of the revision and future perto(ts where the revision affects both current and ￿tUre periods. 3 OTHER TRADING ACTIVITIES ?0?3 Unrestricted Funds Unrestrreted Funds Events (BrrB Auction 20?2) Sponsorships 27139 9705 Other tradino activities JAMES BULGER MEMORIAL TRUST LIMITED NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDING 30 NOVEMBER 2023 4 CREDITORS-amouDt due within one year 2023 ?029 Trnde Creditors Other Creditors Accruals and deferred Incom¢ soo 1800 500 1800 S TRUSTEES REMUNARATION AND BENEFITS Ther¢ w¢r¢ no trnstees, remuneratickn or other benefits for the y&ar end¢d )0 November ?￿a nor for the year ended 30 Nov¢mb¢r ?0?? Trustee Expenses There were no tru5te¢s' expenses paid for the year ended JO November ?O?J nor for the year Ended 30 November ?022 EMPLOYEES Number of |Employees The avera0¢ monthly number of employ¢es durin. the year was.. 9023 Number Number Employment Costs 2023 ?0?? Wages 2nd salaries Otherpension cost5 28859 JAMES BULGER MEMORIAL TRUST LIMITED NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDING 30 NOVEMBER 2023 7 TANGIBLE FIXED ASSETS Leasehold Improvements Fixture & Fittinos New Lodge Caravan Total Cost As at l Decernber ?0?? 26845 3754 30000 111250 171849 As at30 November2023 26845 3754 30000 111?50 171849 Depreciation As at l December ?022 Depreciation for the yedr 24931 382 37S4 985S 2027 38540 As #t 30 November 2023 ?5313 3754 40949 Ntt Book Value As at 30 November 2023 A5 at l Deeernber 2022 DEBTORS Amount falling in one-year 2022 Other Debtors SUMMARY OF FUNDS (restrieted) B21ance Ineomin Brought Resourc¢s Forward Transfer Resources B21ance of Funds Expended Carried Fonvard New Lodtte Caravan i5838 JAMES BULGER MEMORIAL TRUST LIMITED NOTES TO THE ACCOUNTS {continu¢d} FOR THE YEAR ENDING 30 NOVEMBER 2023 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS ?023 Total Funds 202? Total Funds Unrestricted Restricted Fund5 Funds TatLgible assets 1)0900 1)0900 l )ii09 Current Ass¢tsAiabiliti¢s 159)6? ?)?4)6 ???866 TL)tal finds 155_3_62 730.L4 I I RELATED PARTY TRANSACTIONS There were no diselosable related party transactions durin(y th¢ year. io