Company Re¢yi5tTation Number 07437397 JAMES BULGER MEMORIAL TRUST LIMITED ACCOUNTS FOR THE YEAR F.NDING 30 NOVEMBER 2024 REGISTERED CHARITY NUMBER 1141125 EDNVARDS ACCOIIYTANCY SERVICES LIMITED R￿KFIELD HOUSE GALE ROAD LIVERPOOL L33 7YE JAMES BULGER MEMORIAL TRUST LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 NOVEMBER 9024 CONTENTS PAGE Offi¢¢r5 and professional advisors The Trustees Repon Independent Examiners Report Stai¢ment of Financial Artivities Balan¢e Sheet Notes to the financial siatem¢nts 7-10 JAMES BULGER MEMORIAL TRUST LIMtTED REFERENCE AND ADMINISTILITION DET AILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDING 30 NOVEMBER 2024 Trustees. Mr PG Currie Mr D Fergu5 Ms K Darby Mr A O-Bri¢n Steretsryg Ms K Darby Registered Office: Suite )4 North Mersey Business Centre Woodward Road Knowsley Ind Est Liverpool L)J 7UY Registered ¢hArity nurnber. 1411?5 Company Number. 074)7397 A¢countants' Edwards Accountancy Servic¢s Limited Rockfield House Oale Road Liverpool L33 7YE JAMES BULGER MEMORIAL TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDING 30 NOVEMBER ?024 The trustees who are also directors of the charity for the purpose of thE Companies act ?006. pres¢nt their reporl with the financial statements of the charity for the !¢tr endintt io November ?0?4 Obj¢¢tives and #etivitiLs n 50 far as it is complim¢ntary to the eharity-s objects. the eharity is guided by both local and national w)licy. Advice from th¢ local ortsanisation has proved invaluable to th¢ charity in establishing improved link5 within the cornmuniry and identifyinwn in the annexed fLnancial siat¢menis. Gross income from all sources this y¢ar totalled £47188 Structure. Governance Manage￿ent The JaTneg Bulfter M¢morial Trust Limited is managed by the board of tr]stees. The Trustees are familiar with th¢ practi¢e work of the chority and are encouraL*ed to attend re?ular training. feedback and update sessions. The trusE¢¢ meet forn]ally on a quarterly basis via emaillzoom and aT¢ r￿pOnsible for the stratetsi¢ dire¢tion and policy of the charity. There is a shared responsibility for ensurin(T that th¢ Gharity d¢livcrs the service specifieiL ihai the ktv perfomianG¢ iTrdicators are mei and that the Charity continues to develop working practices in lint with good practice. The nisation 5$ a charitable company limited by tsuarantee. incorporated on I l November 2010 and re(Tist¢r¢d as a charity on 04 April ?01 l. Th¢ tsoverning instrum¢nts under which the charitable company operates co￿prOmise th¢ Memorandum and Articles of Association tog¢ther with the policies made from tiTne to time by the Truste¢s. Mr PG Currie Mr D Ferous Ms K Darby Mr A O'Brien Approved by order of the board of trustees on ?6 August 20?5 and signed on its behalf by.. Ms D Fergus Dated ?6 August 20?5 JAMES BULGER MF.MORIAL TRUST LIMITED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF I report to the trLiSte¢s on my e￿n]natIOn of the fin2neial stat¢Tnents of James Bultser Memorial Trllst Limit¢d (th¢ charity) for the year ended 30 Ntrvember ?0?4 Ruponsibilities and basis of report As th¢ trustees of the charity (and its direciors for the Purpose of the Company law) you are responsible of th¢ preparaiion of the financial statements in accordance with the requirements of the Cotnpanies Aci 2006 {the 9006 Act) Havino satisfied myself that th¢ fmancial gtatem¢nts tsf the chariry are not required to be audited under part 16 of the 2006 Act and are eligible for independent examination, I reporE in respect of my ¢umination of the charity's financial Statements ed out under sectitrn 145 of ihe Charities Act ?0 I l (the ?01 l Act). In CaTrying out my exarnination I hav¢ ftrllowed all the applicable Directions oiven by the Charity Comrnission under section 14515)(b) of the ?01 l Act. Independent examiners st#t¢ment I havc complet¢d my examination. I confirrri that no matters have come to my attention in conn¢ction with the &xaminaiion giving me cause to believ¢ thai in 2ny material respect.. Accouniints records where noi kept in res￿¢¢ of the charity as requir¢d by sectlon 386 of the 2006 Aci- or The financial statements do not accord with those records-. or The financial staieTneniS do comply with the a¢countiniy requiremenis of the section 396 of the ?006 Act OEher than any requirem¢nt that the accounts oivc a truc and fair view which is not a rnatter considered as part of an indepeDdent examinalion-. or 4. The financial 5talEm¢nts haye not been prepared in a¢cordance with the methods and principles of the Statement of R¢commendttd Practice for accounting and reporting by ch￿1t1¢S applicable to charities preparing their accounts in a¢￿rdance with the Financial Reporting Standard applicable in the UK and |republi¢ of Ireland (FRS 102.) I have no concerns and have come across no other matters in connection with the exan)ination to which attentioll should be drawn in this report in order to enable a proper understanding of the fInan¢ial statements to be reached. Edwards Accountaney Services Ltd Malcolm Edwards FMAAT JAMES BULGER MEMORIAL TRUST LIMITED STATEMENT OV FINANCIAL ACTIVITIES FOR THE YEAR ENDINC 30 NOVEMBER 1024 Unrcstri¢ted Rcstricted funds Funds Toial UnrestTiCtd Restrictrd funds Funds Total ?023 023 ?023 Notcs Incoming rt$our¢es: Don￿lOnS l Legacies Charitabl¢ A¢tiyiii¢s Other Tr3ding A￿l￿]b¢S 28194 ?500 2500 5719 5719 16494 16494 Totgl incoming resources 47J88 47188 75072 7507? Resources exp¢ndod: Cost of chAritsble aetivities Other rtsource5 exptDded 18105 1810) 18770 18770 5314? j314? 4673? Total rtsourtes exp¢Dded 71247 71247 65502 65502 Net outRoing re50urct5 for the yekir Transfer between funds -240>9 9570 9)70 Fund Balance xt 1st December 2023 159J6? 73074 *3?436 149792 73074 ???866 Fund B%lanc¢ at ?3?4j6 30th Trlovember 2024 lJ5)03 73074 159369 73074 The statement of financial activities iTLcludes all gasn5 and losses r¢cogni$ed in this year. All iD¢offte and expenditure derive from ¢ontinuin(T aCtI￿lies. The Statement of finaincial activities also complies the requirements for an incom¢ and expenditure account under the Companies Act ?006. JAMES BULGER MEMORIAL TRUST LIMITED BALANCE SHEET AS AT 30 NOVEMBER ?024 2024 2023 Notes Fixed A5s¢ts Tanoible Assers 1?8607 130900 Current Asstts Debtors Cash at bank" and in Hand 5019 98817 103836 8?473 8?473 Creditor5. amounts fallin¢y dlle within one year ?703 79770 101536 ? J?4j6 Total net askts 208377 Income Funds Restricted funds Unresrrirted thnds 13530J 15936? Total Funds ?08 j77 The company is entitled to the ¢xemp1itsn from the audit requirem¢nt contained IT) section 477 of the Companies Act ?006. for th¢ year ¢nd JO November ?0?4. The trustees acknowledge their responsabilities for ensurints that Ihe charity keeps accountin(r records which comply with section )86 of th¢ Act and for preparino financial 5tat¢m¢nts which tsive a true fair view of the stat¢ of affairs of the company as ai the end of the financial y¢aT and of its income resources and application of resourceg in¢luding its income and ¢Kpenditure. for th¢ finan¢ial year in ac¢ordance wilh th¢ requsrements of sections i94 and J95 and which otherwige Comply with the r¢quiTements of ihe Companies Act ?006 relating to the financial statem¢nts. so far appli¢able io the company. The meTrbers have not requir¢s the company to obtain an audit of its financial swtern•]is for tbe year in question accordance with section 476. These financitl statements have be¢n prepared in accordance with the provision5 applicable to companies subject to th¢ small cornpani¢s reoime. Approved by the Truste¢s On 26 Au￿7st ?0?5 and sioned on their behalf by: Ms D Fergus Trustee Company registration no 07437397 JAMES BULGER MEMORIAL TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDITrIG 30 NOVEMBER 2024 ACCOUNTING POLICIES Charity Information James Bulger Memorial Trust Limited is a private IiTnited company by uuarantee incorpora￿d in En. land and Wales. The registered offic¢ is SuireJ4, North Mers¢y Business Centre. Woodward Road. Knowsl¢y Ind Estate. Liverpool. Merseyside. Lia 7UY. United KingdoTn. 1.1 Accounting eonvention The financial staiements of the charitable company. which is a public benefit entiry under FRS 10? have been prepared in a¢¢tsrdanc¢ with the Charity SORP {FRS 10?) Accountintr and R¢portin by Charities= StatemeDi of R¢ctrmmend¢d Practice applicable to charities preparing their accounts irt a¢¢ordance with the Financial Reportin" Standard applicdble in the UK and Republic of Ireland IFRSIO?) (Effective OlJanuary ?015) Financial Rwrtints l O?. The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companses Aci 2006. The Financial Statements have b¢¢n prepared under the historical cost convention. The Financial Ststemenrs are prepar¢d in Sterlints which is the functional ¢urr¢n¢y of th¢ charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial starements have been prepared under the historical cost conventioft, rnodified to include the revaluation uf fr¢¢hold prop¢rties and to include invesiment prop¢rties and ¢¢rtain finaD¢ial instruments 8s fair value., Th¢ principal at¢ountin ¥ poIi¢ic5 adopied are set out below. 1.2 CharTtable Funds Unrestricted funds are available for use at the discretion of the truste¢ in fArtheran¢¢ gf their charitabl¢ objectives. Restricied funds are subject to specific conditions by donors 8S to how they may be used. The PUTpo8e and uses of the restricted funds are set out in the notes to the financial statemenrs. Endow¢nt funds are subj¢ct to specific conditions by donors thai th¢ capital Must be maintained by the chariry. 13 fneome All income is re¢(￿nIsed in the Statement of Financial ActivTtie5 on¢¢ the charity en1ltlement to the ￿nds, it is probable that the income will be received. and the amount can be measured reliably. Income 15 Stated at the ttross arnount. 1.4 Expenditurt Liabilities ar¢ recognised as expenditure 85 soon as there is a legal constructive oblitration Commithng the charity io that expeDditure, it TS probable thai a transfer of economic benefits will be required in s¢ttlemeDt and the amount of th¢ obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has be¢n classified under headin(Ts that aggre> ale all cost related to the car¢iFOry. Where costg cannot be directly atthbuted to particular headinus ihey have been allocated io a¢iiviiies on a basis Consis￿)1 with the us¢ of rcsources. JAMES BULGER MEMORIAL TRUST LIMITED NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDING 30 NOVEMBER2024 1.5 T3noible Fixed Assets Tangible Fixed Assets are initially measured at cost and subsequently measured at Cost or valuation, net or depreciation and any impaimjent losses. D¢pre¢iation is recotrnised so as io WTite off th¢ cost or valuaiitsn of assets less their residual values over their useful lives gn the followino basis.. Leasehold irnprovements Fixture and fIttin New Lodoe ?0 % on redu¢intr balance. ?OO/o on cost ?Olo on rcducing balan¢¢. Donated assets are presented ar valuation. 1.6 Retirement Benefit The charitable eompany operates a defined eonthbution pen8ion scheme. Contributions payable io the charitable company's pension sch¢me are chartred to th¢ Siat¢Jn¢ni of Financial Activiti¢S ID The period to which they relate. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the appli¢ation of the chority's accountints ¥ policies, the mistees are required to make judtsements, e.￿tImate9 and surtLPtions about the ¢arryinft amount of assets and liabilities that are not readily apparent froTn oth¢r sourccs. The estirnates and as50¢iat¢d assumpllons are based on historical experience and other facrors that are consid¢r¢d to be relevant. Actual results may differ from these estimates. The estimates and underlj'ing assumptions are reviewed on an oniroing basis. Revisions to accountintr ¢stimat¢$ are reCo￿lSed in th¢ period in which the estimate is revised where the revision affects only that period. or in the period Cpf the revision and fvTure period5 where the revision affects both curr¢nt and future periods. 3 OTHER TRADING ACTIVITIES ?024 Unrestrieted Funds Unrestricted Funds Ev¢nts {BfTB Auction 2024) Sponsorships 15733 ?7139 Other trad￿g aciivTties JAMES BULGER MEMORIAL TRUST LIMITED NOTES TO THE ACCOUNTS (conttnu¢dl FOR THE YEAR ENDING 30 NOVEMBER 2024 4 CREDITORS- amount due within one year 2023 Trade Credator5 Other Crediiors Accruals and deferred Income 403 500 1800 1800 5 TRUSTEES REMUNARATION AND BENEFITS There were no trustees. remuneration or trther benefits for the y¢ar ended )0 November 2024 nor for the year ended JO November ?O?- Trustee Expenses There were no rtstees. expenses paid for the year ended 30 NoY¢mber ?024 nor for the yw ended JO November EMPLOYEES Number of |Empluyee5 The