REGISTERED CHARITY hlUMBER: 1154911 REPORT OF THE TrUSTEES AND UNAUDITED FIMANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 FOR JOHN ATHERTON CHARABLE TRUST NRB 1st Fk Water8NJe House WaleNde DTive LarKashire
JOHN ATHERTON CHARITABLE TRUST colEPs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Referenct and A(knlnlstratl¥e Detall¥ Report ofthe Tnt Ind•pènd•nt Examln•rfs R•wt statemont of Flnanclal Actlvllies Balance She•t NotsB to the Firtanelal StÈmÈnlB DÈtsilÈd Statèment of Flnanelal Actl¥h 10
JOHN ATHERTON CHARITABLE TRUST REFERENCE AND ADMINISTRAnVE DEfAILS FOR THE YEAR ENDED 5 APRIL 2024 Trust•o8 Mr P G Bachmay Mr P Donn811y Mr D Johnson RevA Houlday Prfnclpal addyess CIOThe Old Bank 47 King Street Wigan Lancashire WN1 1DB Rrylgternd ¢h8rfty numb•r 1154911 Indapèndant •xamIr NRB 1st Flwwgtgrside H(xh8e Waterside Trive Wigan Larra5hire WN3 5AZ Page 1
JOHN ATHERTON CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 The tnjstees prnt their report 1th the fin8n¢ial slalements of thè charity for the year ended 5 April 2024. The truslÈe8 h8Vè adopted the pmwsions of Ac(xKwrtiThJ and Reporting by Chartiies". Stalement of RecommerKlèd Prac11 applicable lo ¢h8riti8s preparing thew accourts in 8C(x)rdance yth the Finan¢ia Reportiro Standard applicaNe in the UK and Republi¢ of Irelatwj IFRS 1021 [effÈdl 1 January 2019). Oblectlves and activiti•8 Significant actlvitie¥ During the year the charty a¢<VIated resew for to the mairrtenanca ofth@ thurchyard and enwron$ at Sl Wilfrid's Churth, Stsndish, Wigan. Public benefft The principal obje¢ttve of the chaiity is to provth fvnds for the m8intorKqnrkn of the churthyard and envlrons at Sl Wiffrid'8 Church, Sta)thsh, Wuan. The trusloes ¢onflm that they have r8ferr8d to th8 ldance COrthr kn Charity Ccrfnmis8lon'8 uenorol guidance on public benefll when remewiro the chwitls and Jec pknning fubjre actmiies and funding pmjecls. Flnanclal review Flnanclal poBltion As ot S April 2024 General Funds st(M)d at £268.701 mpared lo £256.179 at 5 Arrril 2023 The Designated Fund rémains 8t £7),0. These a fvnds vthith kne been 8et aswje to preserve the [11 of the trusl rf po&gble. although il is r¢cognised that they rwhl be spent on chatitable wwes11 neCssary. Inv•slmènt policy and objgctive The trustees inlond that Ihe real value of thè dwiitys assets be rn1ned and enhanced over tha loThJ lemi by investrnenl Sn a portfolio o)mpFhsing oqurfios. [ed wtsest st(Ks and Sh. so as lo obt8in a balanced r8lum from income and capttal growth. In order lo meet these obje(Jiv8s. th8 trusiee8 have awx)irted Brein Ddphin Umlt8d of ID Wellington Pl. Leeds, LS14AN as their 8g8nts to manage a di¥ersTfied p)rtfdlo of suitatAe inve8tmonts for the Irusl on a dis(Tetionary basis, In the context of Brewn Dolphin's interpretaknon of rlsk (In 8ccordancE wrytl) Ihe subslsilng dient agreement rèlating lo the Iru8ti the trustees have selected a moderat& inveslmenl risk an objectrve of incKJme and (pital 9rowth. The proporti$ Invested in equities, fixed interest sto(s and e th Brewn Dolphin from lne to time lo proNide guldan(* on the ongoing sUitaL¥lity of that ofinvèslm8nt policy. Tho twstees rewlarly con3ider wheth8r Ihere is a need to revlse this slalamgnt ond keep under review the arrangemen18 uTrJer whKJ) Brwwthi Oolphln act as their agents. Slyueiurè, govemance •rKI manag¢m¢nl Goveming document The charity was established by the will of John A1hertr and the tharitys objects aTB lo provSde funds for the Maintenan ofthè churthyard at Sl Wthid's Church. Stan(kn, Wigan. Approvgd by order of the board of tmst88s on 31 Januwy 2025 aTh1 signed on lis behaw ty. Mr P G Bad)maygr- Twslee Page 2
INDEPENDENT EXAMINEifs REPORT TO THE TRiISTEES OF JOHN ATHERTON CHARITABLE TRUST Ind•pand8nt •xamlnèl• rnport to trustees ofJohn Atherton Charitable Trust I r8POrt to th8 chaiity Iwslees on my examln8lk)n of the araxnIS of Jth Atherton Charitable TTUSI I TTUStI for th8 year endetl 5 AF1 2024. ResponBlbllltles and bas18 of rwKJrt As the ¢harfty trustee5 of the Trust you are reSponbI& for the prepara1 of Ihg •xounts aCrdne8 ¥ih the requirem8nts of th& Charftl8s Ala 2011 ce Arf). I r¢port In respect r)f my ¢x8mination of ihe Trusfs accnts carried out uler sect 145 ofthè Act and in catyng out 'my exambnation I have followed all ap¥ble tlrectiorts gNen by thè Charity Cornm10n under Section 145151(bl of th& Ind8ynd•nt •xamlneWs Ststement I have MPlet& my exarThnation. I confimi that no matsrial rnatters have c(ne to my attenlion in connect¥)n Yrilh th exafflinalion gi*ing me cause to belIe that in any material resFed.' 8ecoLJnlng reco8 wets not kept in respgx otthe Tt as requbr&J by Section 130 ofthe Ad: or the aCc1n1$ do not 8r th those recoril$'. or the a¢counl$ do not ccNnpty with the aFvIiCab requiremell15 D)ncemiThJ ftym WKI (x)ntent of unts 8et out In the Charilles (Accounts and Reports) Regulation$ 2008 other than any requlremenl that the aClUnts giv& a true Ond fair wew which Is n(A a wnatter con%dered as part ofan irtyndenl examinalon. I have no concems and have oms rK) other matters in Conned1 wth the examination to leh attention sh)uld be dravm in this report in crfder lo enable a proper wderstanding ofth8 8nts to be rhed. Neil Wh ingham BAIHons) FCA A NRB 1st Floor Waterside H Watsrside Drive Wrgan Lancxshi WN3 5A2 31 January 202S Page 3
JOHN ATHERTON CHARifABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2024 5.424 Unrestricted funds 5.4.23 Total funds Notès INCOME AND ENDOWMENTS FROM Invegtsnenl InMe 28.056 EXPENDITURE ON Charftable activities Investm8nt fund Iransfer lo thurch 19.381 12, Other 13.745 18,919 Total 33,126 31,88S Ngt gain51110ssos) w investments 17,052 121,5151 NET INCOMFJ(EXPENDITURE 11.982 122,86ei RECONCIUATION OF FUNDS Total fuThJs brought fmvar 1.6.718 1.029,5B4 TOTAL FUNDS CARRIED FORWARD 1,018.700 1.006,718 The note5 forffl pal ofthese ffinaNAal ststements Page 4
JOHN ATHERTON CHATABLE TRUST 8ALAN¢E SHEET 5 APWL 2024 5.4.24 Unrgstrf¢ted Is 5.4.23 Totsl funds FIXED A&8Ers Invgstrnenls 952,665 944,989 CURRE1 ASSFrs Cash al bank 70,787 CREDITORS Amoun18 falling due wlthln on8 year (4,752} (4.7401 NEf CURRENT ASSETS 61,729 TOTAL ASSETS LESS CURRENT LIABIUTIES 1,018.700 1,IX6.718 A&8ET8 1,018,700 I,C(E,718 FUNDS Unrestricied bJnd8: General fijnd Designated fund 268,701 749.999 256,719 749,999 1,018.700 I,[,718 TOTAL FUNDS 1,018.7 1,C(6.718 The ffinandal statements were apwoved by 1ho Board of Trustees and authorised for issue on 31 January 2025 and were stgned on ils beh8lf by.. Mr P G eathmayer- Trustee IL6Eyr Rev A Holllday- TrusteEI Mr P Donnelty- Ttee Mr O Johnson- Trustse The note8 form part of tsse Iln8n(a81 statemènts PwJo 5
JOHN ATHERTON CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financ1 statements of th¢ charity, whi¢h b a wblK twefit entity under FRS 102, have been prepared in aixOrdan th thB Charibes SORP {FRS 1021 'Accounb"ng and Rep(Yting by Chariles: Statement of Recommended Practice applicatrAe to that$ preparirKJ their aC(nts in a¢x(ydCe wth the Fina11 R6porting Standard applics@ in th& UK arKI RepUt.C of lrnL4tMI {FRS 102) leffedive 1 January 2015)., Financial Reporting Standard 102 ' The Financial ReportiThJ Standard applicabl& in thè UK and R8public of Irand, and t Charlties Act 2011. The finanaal StaterW have teen ppared undet tho historical cost convention. In¢om• All incThne is recoJnised in the Statement of Finan(aal Acliwknes once the chty has enlitlement to Ihe funds. 1$ probablè that the income will be recwved arxl the amount can be Tha$u rdiably. Expendiiure Liabiltues are rwnisèd 8$ eypenditiire 8s SWI as theo 1$ a legal sIrUCtive obligation (ommitling the charfty lo Ihat expenditure, tt 1$ probable th818 Iransfer of e{ClC benefrts wll be required in settlement and the amount of the obligabon be measured relW. ExpendAure is account for on an ac(¥ua15 basis and has been da6sified under heingS that aggregate all cost rèlated to thè (slegory. Wher& costs cannot be d1CtlY attributed lo pakncular he&Jings they have been alhxaled to 8clthiiti8s on a basis conslstant VAth th& usè of resources. Grants gffgr8d subj'ecl to CO1rtIOnS have not Imn met at ihe year end date are noted as a cAJmmilrn8nl nol ar(we(l as expendilur Governance costs G0Veman costs clynpiise all o)sts [n¢yJrrd in rUnn[j Ihe ¢tsTity canrv)t be 1[Y allocatsd lo the charity's pro1& or to fund raising. Taxatlon The (arity is exp1 from tax on rts drItable •aivities. Fund accounllng Unrestrf¢ted funds a availabk f usv at tho dis(1] of the InJ8te88 tn fijrIheran of the general objeciwes of the chaiity. Designated fiJnd8 ¥e vthith have been set asid8 to as lh& pIts1 of the trust if F¥)3sible. HoVr it is rwxjgnised that Ilw funds c(Ahd be s1 on charitabbe purpy4es rf nwx&8ary. Investmentg In¥estsnents 8re Ied In the fanal staknents at tr1r cost. INVESTMENT INCOME 5.424 5.4.23 Dmdend Income Bank interest Forgn intefest Foreign dividBrNIs UK fixed 14,570 223 3,085 4,2¥2 5,886 20,139 3,429 3,374 3,552 28,056 30,834 Pago6 t>)nunLd...
JOHN ATHERTON CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMETrtrs- coniinuÈd FOR THE YEAR ENDED 5 APRIL2024 SUPPORT COSTS Govemance 13.745 TRUSTEES. REMUNERATION AND BENEFrrs During thè ye8rthè trust made Pants to VITK%nt & Co. SICIt0TS, of£3.6CI) induding VAT and dlsbur8ements in resped ol leg81 12023 £4.792). Mr P B8d)mayw is a partner in Vincent & Co and all payrnenls in respe& 0fth kgal fees have 8pyowI ty the otstrustee5. Tru8tee8' oxpense¥ No other paym8nls of remuneration lx oxpenwwere made tothe Iwstee8 during y88r. FIXED ASSEf INVESTMENTS INVESTMENTS AT COST ed Al 6 April 2023 AddTtions Disp0881s 944,989 228,752 1219,076) At 5 Aprfl 21r24 952, NET BOOK VALUE At 5 April 2024 952.e65 At 5 Wil 2023 The esumated market V8kts of Inv6skn at 5 Apr 2024 vras£1,1rffj.747 PW23 £1.041.672}. CREDITORS: AMOUPITS FALUNG DUE Y*lTHIN ONE YEAR 5.4.24 5.4.23 Other QEdllcffs 4.752 4,740 MOVEMENT IN FUNDS Net Transfers At 5.4.24 At 6.4.23 in funds fiJnd8 Unrnstdctsd funds General nd Desiated fund 2%,719 749.939 (5.070> 17.052 17,052 117,052} 268.701 749,WJ9 I,c.718 11,982 1,018,7th) TOTAL FUNDS 1.C(I5,718 11,982 1,018,700 Page 7 conlirkued...
JOHN ATHERTON CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- COnnUed FOR THE YEAR ENDED 5 APRIL 2024 MOVEMENT IN FUNDS-continued Net Trvement in fvnds. iKILbJed in ts above are as fc41ryws.' Incomir Resource5 resources expended Gains and losses Movernenl in funds Unrestrfcted fvnds General fund D&signat8d fund 133.126) 15,0701 17,052 17,052 133.126) 17,052 11,982 TOTAL FUNDS (33.128) 17.052 11.982 Camparatlvt8 for movwnent in lund* Ttsn8fer5 botwgen furKIs mOVBwrierit In funds At 5.4.23 At 6.422 Unrèstri¢ted funds General fund "Designated fund 279,5&5 749,999 (1.351) (21.515) 121.515) 21.515 256,719 749.999 1.029,584 (22.866) 1,CrfJ6,718 TOTAL FUNDS 1.029,584 122.866) 1.[.718 ComparatNe net nTh)vement in funds. inchj in the above are as fc115. InmIng R&8ources Gains and Movement in fijnds Unrestrfcted funds General fund Oesignaled fuThJ 131 WS) {1.351) 121.515) 121.6151 131.885) 121.5151 122.866) TOTAL FUNDS (31.8851 121,515) 122,W) A ¢urrenl y&ar 12 t11h5 arKI PWK)rygar 12 movth F10 1$ as folkThYs." Tr8nsf8rs Al 5.4.24 At 6.4.22 tn fvnds funds Unr¢stri¢tsd fund$ General fvnd De8igMaled fund 279.585 749.999 (8,421) 14,463) (4,4831 288.701 749,999 1,029.584 (10,864} 1,018.7QKJ TOTAL FUNDS 1,IY29,5S4 (10,8841 1,018.7C(I Page 8 continued...
JOHN ATHERTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR ThE YEAR ENDED 5APRIL 2024 MOVEMENT IN FUNDS - continuod A Irrant year 12 nwxlhs and piior year 12 months comned nel fflovemenl n nds, irKluded in th& 8bovè are as follows.. Irn1r& Re60uros resources expended Gains and h)ssè8 Movement in funds Unwtrlet•d fund8 General fund Designated fijnd (65.011) 16.421) 14.4631 (4.463) {65.0111 {4.4631 (10,8841 TOTAL FUNDS (65.011} {4,463) (10,884) RELATED PARTY DISCLOSURES Thero re no rdated party tran[lor frrfthe year ended 5 Aw15 2024. Page 9
JOHN ATHERTON CHARABLE TRUST DETAILED STATEMENT OF FINANCiAL ACTIVITIES FOR THE YEAR ENDED 5 APRJL 2024 5.4.24 5.4.23 INCOME AND ENDOWMEKrs In¥tment Incorne tlividend in¢om8 Bank inlÈrésl Foi¢lgn Inte$t Foreign divldends UK frxed interest 14,570 223 3.085 4,292 5.886 20.139 3.374 3.552 28.058 30,534 Totsl Incomlng resources 28.056 30.534 EXPENDITURE Charftable aclvities Investment fijnd tfv to churth 19.381 12.968 Supptrt ¢08ts G0Mne8 Costs ACuntancY Solicitors fegs Invesknenl managers fees 4.752 3,600 5,393 4,740 4,792 9.387 13.745 18.919 Tolat resources eended 33.126 31.885 Nol •xpandlturn before gainB and loue8 (5.070) 11.3S1) Realised recognised galn¥ and10580¥ Réalis gainslllossesl on fixed assel invesknents 17,052 P1.515} Ngt in¢om¢Jlexpendlre} 11,982 122.8661 Thls pagè doès tM)t fonn part of the statutuy rmanra statements Page 10