## |||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| ||||||al s
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I- O| ## ## |15|Analysis ofnet assets|Analysis ofnet assets|between funds|||||| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total| ||||funds|funds||funds|funds|| ||||2020|2020f|2020
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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|