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2020-12-31-accounts

		Page
Trustees' report		1-2
Statement oftrustees'	responsibilities
Independent auditor's	report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements

Trustees			Mr M Muschamp
			Mrs K Harwood
			Mrs P Stafford
			Mrs K Bromilow	MBE
			Mr C N Calvert				(Appointed	1 July 2020)
			MrJ Child				(Appointed	3 November
							2020)
Charity	number		1143116
Principal		address	Rushtons
			Shorrock House
			1 Faraday Court
			Fulwood
			Preston
			Lancashire
			PR1 9NB
Auditor			Champion Accountants		LLP
			Unit 2 Olympic Court
			Whitehills Business Park
			Blackpool
			Lancashire
			FY4 5GU
Bankers			NatWest pic
			35 Fishergate
			Preston
			Lancashire
			PR12GU
Solicitors			Napthens LLP
			Libra House
			Cropper Road
			Whitehills Business Park
			Blackpool
			Lancashire
			FY4 5PU
Investment		advisors	Investec Wealth	&Investment		Limited
			Beech House
			61 Napier Street
			Sheffield
			S11SHS

				Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
				funds	funds		funds	funds
			Notes	2020 f	2020 8	2020 f	2019	2019 5	2019f
Income from:
Investments			2	200,830		200,830	280,406		280,406
Raising funds					42,059	42,059		43,071	43,071
Charitable activities			3	240,099		240,099	309,960		309,960
Total resources
expended				240,099	42,059	282,158	309,960	43,071	353,031
Net gains/(losses) investments		on	9		83,185	83,185		1,092,677	1,092,677
Net movement	in	funds		(39,269)	41,126	1,857	(29,554)	1,049,606	1,020,052
Fund balances at 1
January 2020				165,192	10,647,201	10,812,393	194,746	9,597,595	9,792,341
Fund balances	at	31
December 2020				125,923	10,688,327	10,814,250	165,192	10,647,201	10,812,393

						2020	2019
					Notes
Fixed assets
Investments					10	10,362,737	10,351,077
Current assets
Debtors					12	2,200	2,200
Cash at bank and		in	hand			458,193	483,116
						460,393	485,316
Creditors:	amounts		falling due within
one year					13	(8,880)	(24,000)
Net current	assets					451,513	461,316
Total assets less current				liabilities		10,814,250	10,812,393
Capital funds
Endowment	u ds-		e er	I
General endowment			funds			10,688,327	10,647,201
						10,688,327	10,647,201
Permanent	endowment
Expendable	endowment					10,688,327	10,647,201
					14	10,688,327	10,647,201
Income funds
Unrestricted	funds					125,923	165,192
						10,814,250	10,812,393

Investments
		Unrestricted	Unrestricted
		funds	funds
		2020f	2019
Income from listed investments		200,621	278,877
Charities Aid Foundation			53
Interest receivable		209	1,476
		200,830	280,406
Charitable activities
		Charitable	Charitable
		Expenditure	Expenditure
		2020	2019
Bank Charges		31	60
Grant funding ofactivities (see note 5)		227,588	298,260
Share ofgovernance	costs (see note 6)	12,480	11,640
		240,099	309,960

4	Raising funds	Raising funds
				Endowment	Total
				funds
				general
				2020f	2019 f
	Investment	ma a	ent	42,059	43,071
				42,059	43,071

5	Grants payable
					2020	2019
					f.	6
	Grants to institutions:
	Blackpool Music School					10,000
	Woodlands School					25,765
	Left Coast Arts B & B					25,000
	Blackpool Music Academy					2,000
	Red Marsh School					21,000
	Boathouse Youth					25,000
	Blackpool Carers Centre					26,000
	Wise Up Workshops CIC					24,782
	Windmill Youth					9,600
	Starr in the Community	CIC				14,696
	St Mary's Borwick					26,000
	Magic Club				10,000	23,838
	Carnforth Cricket Club					23,400
	Stanleys Community Centre				10,000	9,700
	Great Arley School					25,000
	Carnforth Rangers				25,000
	Ridge Community Centre				19,837
	Circus Starr				10,789
	Aspired Futures				10,000
	Aiming Higher				10,000
	Salvation Army Morecambe/L		ancaster		10,000
	Homestart Morecambe				10,000
	Blackpool Carers Centre				10,000
	Lytham StAnnes RNLI				10,000
	Morecambe RNLI				10,000
	Millhead Football				13,225
	PDSA				10,837
	Fylde Rugby Community	Foun		dation	18,700
	Loynes Specialist School				25,000
	Blackpool Grand Theatre				5,000
	Friends ofEast Pines Park				9,200	6,479
					227,588	298,260

6	Supportcosts	Supportcosts	Supportcosts
				Support	Governance	2020	Support	Governance	2019
				costs	costs		costs	costs
				F.	f	f	F
	Audit fees				2,880	2,880		2,820	2,820
	Legal and	professional						420	420
	Accountancy		&trustee
	charges				9,600	9,600		8,400	8,400
					12,480	12,480		11,640	11,640
	Analysed	between
	Charitable	activities			12,480	12,480		11,640	11,640

Net gains/(	losses) on investments
		Endowment	Endowment
		funds	funds
		general	general
		2020	2019
		6
Revaluation	of investments	159,302	864,898
Gain/(loss)	on sale of investments	(76,117)	227,779
		83,185	1,092,677
Fixed asset investments
			Listed
		investments
			6
Cost or valuation
At 1 January	2020		10,351,077
Additions			2,301,821
Valuation changes			159,302
Disposals			(2,449,463)
At 31 December 2020			10,362,737
Carrying amount
At 31 December 2020			10,362,737
At 31 December 2019			10,351,077

11	Financial		instruments			2020 6	2019f
	Carrying	amount of		financial assets
	instruments		measured	at fair value through	profit or loss	10,362,737	10,351,077
12	Debtors
	Amounts		falling due	within one year:		2020f	2019f
	Other debtors					2,200	2,200

13	Creditors: amounts	falling due within one year
			2020	2019
			K	6
	Accruals and deferred	income	8,880	24,000

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15	Analysis ofnet assets	Analysis ofnet assets	between funds
			Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
			funds	funds		funds	funds
			2020	2020f	2020 f	2019	2019 f	2019 f
	Fund balances at 31
	December 2020 are
	represented	by:
	Investments			10,362,737	10,362,737		10,351,077	10,351,077
	Current assets/
	(liabilities)		125,923	325,590	451,513	165,192	296,124	461,316
			125,923	10,688,327	10,814,250	165,192	10,647,201	10,812,393