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|Reference<br>and Administration<br>Details|Reference<br>and Administration<br>Details||
|---|---|---|
|Report ofthe Trustees|||
|Report ofthe Independent<br>Auditors|||
|Statement<br>of Financial|Activities||
|Balance Sheet||l2|
|Cash Flow Statement||13|
|Notes to the Financial|Statements|15|





## 

|Charity||1163956|||||
|---|---|---|---|---|---|---|
|registration|||||||
|number|||||||
|Founder||Mr K Townsley|||||
|Trustees||Mr K Townsley|||||
|||Mr D Bamber|||||
|||Ms K Graham|||||
|||Mr R G Ingle|||||
|Chief Executive||Ms M Ingram|||||
|Officer|||||||
|Registered|office|Metro House||Limited|||
|||Unit 14-17|||||
|||Metropolitan|Business|||Park|
|||Preston<br>New|Road||||
|||Blacl&pool|||||
|||FY3 9LT|||||
|Auditor||MHA Moore|and||Smalley||
|||Richard<br>House|||||
|||9 Winckley<br>Square|||||
|||Preston|||||
|||PRI 3HP|||||
|Solicitor||Fielden<br>Marshall|||Glover Strutt||
|||I Middle Street|||||
|||Lancaster|||||
|||LA I IJZ|||||
|Investment||Barclays<br>Banl&||pic|||
|managers||4<br>Fiool|||||
|||Bridgewater|House||||
|||Counterslip|||||
|||Finzels Reach|||||
|||Bristol|||||
|||BSI 6BX|||||





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||||Unrestricted|Unrestricted|||
|---|---|---|---|---|---|---|
||||Income|Capital|Total funds|Total funds|
|||Note|||2022|2021|
|Income and endowments|from:||||||
|Investments||2|793,082||793,082|904,/65|
|Total income and endowments|||793,082||793,082|904,/65|
|Expenditure<br>on;|||||||
|Raising funds||3||376,789|376,789|337,654|
|Charitable<br>activities|||5,744,108||5,744,108|2,02 /,6/4|
|Total expenditure|||5,744,108|376,789|6,120,897|2,359,268|
|Net outgoing<br>resources before gains and|||||||
|transfers|||(4,951,026)|(376,789)|(5,327,8/5)|(/,455,103)|
|Net gains/(losses)<br>on investments||12||5,290,980|5,290,980|/8,576,765|
|Net income/(expenditure)|||(4,951,026)|4,9/4, 191|(36,835)|/7, /2/, 662|
|Transfers<br>between<br>funds|||4,951,026|(4,951,026)|||
|Other recognised<br>gains/(losses):|||||||
|Foreign exchange gains||||||45|
|Net movement<br>in funds||||(36,834)|(36,834)|17,/2/, 707|
|Reconciliation<br>offunds|||||||
|Total funds brought<br>forward||||81,055,030|81,055,030|63,933,323|
|Total funds carried forward||16||81,018,196|81,018,196|8/,055,030|





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## 

|||||||Unrestricted|Unrestricted||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Income||Capital|Total funds|Total funds|
||||||Note||||2022|2021|
|Fixed assets|||||||||||
|Tangible assets<br>Investments|||||ll<br>12|659<br>6,695,045|81,109,622||659<br>87,804,667|592<br>83,025,759|
|||||||6,695,704|81,109,622||87,805,326|83,026,351|
|Current assets|||||||||||
|Debtors|||||13|87,009|||87,009|9(,465|
|Cash at bank and||in hand||||329,541|||329,541|2,369,048|
|||||||416,550|||416,550|2,460,513|
|Creditors: amounts|||falling due within|||(3,300,055)||(91,426)|(3,391,481)|(2,05 1,655)|
|Net current|assetsl(liabilities)|||||(2,883,505)||(91,426)|(2,974,931)|408858|
|Total assets|less current|||liabilities||3,812,199|81,018,196||84,830,395|83,435,209|
|Creditors: amounts|||falling due after|||(3,812,199)|||(3,812,199)|(2,380 179)|
|Net assets|||||||81,018,196||81,018,196|81,055,030|
|Charity funds|||||||||||
|Unrestricted|capital funds||||16||81,018,196||81,018,196|81,055,030|
|Unrestricted|income||funds||16||||||
|Total charity||funds|||||81,018,196||81,018,196|81,055,030|





## 

|The Kentown Wizar|d<br>Foundation||||||
|---|---|---|---|---|---|---|
|Cash Flow Statement|||||||
|For the year ended 31 March 2022|||||||
|||Note||2022||2021|
|Cash flow (rom operating|activities||||||
|Net cash used in operating|octivities|||(3,344,472)||(I,577,847)|
|Cash flows from investing|activities:||||||
|Payments to acquire tangible|fixed assets||(189)||(592)||
|Net receipts from sale oftangible<br>fixed assets|||||4,254||
|Payments<br>to acquire<br>investments|||(20,526,815)||(8,558,4 I 2)||
|Receipts from sales ofinvestments|||20,543,448||I0,127503||
|Interest received|||360,093||468,952||
|Dividends<br>received|||432,989||435,213||
|Rents received from investment<br>properties|||||||
|Net cash provided<br>by investing<br>activities||||809,526||2,476,918|
|Net increase<br>in cash and|cash equivalents|||(2,534,946)||899,071|
|Cash/ cash equivalents<br>at|I April 2021|||4,374,309||3,475,238|
|Cash/ cash equivalents<br>at|31 March 2022|||1,839,363||4,374,309|





## 

|A|Reconciliation<br>o|fnet incom|e to net|c|ash flow from operating|activities||
|---|---|---|---|---|---|---|---|
|||||||2022|202/|
||Net income/(expenditure)<br>for||the period|||(36,834)|/7, /2 l,707|
||Dividends<br>received|||||(432,989)|(435,213)|
||Interest receivable|||||(360,093)|(468,952)|
||Depreciation<br>and|impairment|of tangible|fixed assets||122||
||(Gains)/losses<br>on|disposal<br>oftangible<br>fixed|||assets||(4,254)|
||(Gains)/losses<br>on|investments||||(5,290,980)|(/8,576,765)|
||(Increase)/decrease|in debtors||||4,456|(/3,938)|
||Increase/(decrease)|in creditors||||2,771,846|799,568|
||Net cash used|in operating|activities|||(3,344,472)|(/, 577,847)|
|8|Analysis ofcash|and cash equivalents||||||
|||||||2022|2021|
|||||||6|6|
||Cash at bank and|in hand||||329,541|2,369,048|
||Cash deposits<br>held within<br>the||investment||portfolio|1,509,822|2,005,261|
||Net cash used|in operating|activities|||1,839,363|4,374,309|





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|Dividends|Dividends|
|---|---|
|Interest|receivable|
|Dividends||
|Interest|receivable|



|Unrestricted|Unrestricted|||
|---|---|---|---|
|Income|Capital||Total funds|
|funds||funds|2022|
|432,989|||432,989|
|360,093|||360,093|
|793,082|||793,082|
|Unrestricted||||
|Income funds|Capital|funds|202 I|
|6||f||
|435,2l3|||435,2 I3|
|468,952|||468,952|
|904,I65|||904,/65|



||||Unrestricted|Unrestricted||
|---|---|---|---|---|---|
||||Income|Capital|Total funds|
||||funds|funds|2022|
|Investment|manager|fees||376,789|376,789|
|||||376,789|376,789|
||||Unrestricted|||
||||Income funds|Capital funds|202 I|
||||6|||
|investment|manager|fees||337,654|337,654|
|||||337,654|337,654|





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||||||||Unrestricted|Unrestricted||
|---|---|---|---|---|---|---|---|---|---|
||||||||IncoMe|Capital|Total funds|
||||||||funds|funds|2022|
|Grants||awarded<br>(note 6)|||||5,598,508||5,598,508|
|Support||costs (note||5)|||140,764||140,764|
|Governance|||costs (note 5)||||4,836||4,836|
||||||||5,744,108||5,744,108|
||||||||Unrestricted|||
||||||||Income funds|Capital funds|2021|
||||||||6||6|
|Grants|awarded<br>('nate|||6)|||/,95/,09/||/,95/,09I|
|Support||costs (note 5)|||||7/,309|(4,254)|67,055|
|Governance|||costs (note 5)||||3,468||3,468|
||||||||2,025,868|(4,254)|2,02/, 6/4|
|Allocat|i|on|ofgovernance||and support costs|||||
|||||||Basis of|Support|Governance|Total funds|
|||||||allocation|costs|costs|2022|
|Rent||||||Support|6,231||6,231|
|Telephone||||||Support|437||437|
|Printing,||stationery||& postage||Support|359||359|
|Legal and professional||||||Support|10,754||10,754|
|Wages||and|salaries|||Support|98,072||98,072|
|Insurance||||||Support|1,846||1,846|
|Travel||expenses||||Support|1,3/8||1,318|
|Computer|||expenses|||Support|2,430||2&430|
|PR and||social media||||Support|19,032||19,032|
|Audit||||||Governance||4,836|4,836|
|Losses||on|sale of investment||property|Support||||
|Sundry||expenses||||Support|72||72|
||||||||140,764|4,836|145,600|





## 

## 

||Allocation ofgo|ve|rnanc|e|and support|costs (continued)||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Basis of||Governonce|Total costs|
|||||||allocation|Support costs|costs|2021|
||Rent|||||Support|6,022||6,022|
||Tele phone|||||Support|351||351|
||Printing,<br>stationery|/k postage||||Support|/84||184|
||Legal and professional|||||Support|78||78|
||Wages<br>and salories|||||Suppon|48,264||48,264|
||Insurance|||||Support|/,398||/,398|
||Travel expenses|||||Suppon|55||55|
||Computer<br>expenses|||||Support|695||695|
||PR and social media|||||Suppon|14,118||/4, 118|
||Audit|||||Gavernance||3,468|3,468|
||Lasses on sale ofinvestment||||property|Support|(4,254)||(4,254)|
||Depreciation|||||Suppon|/44||144|
||||||||67,055|3,468|70,523|
|6|Analysis ofgrants|||||||||
||||||||2022||2021|
||Balance payable brought|||forward|||4,349,585||3,529,686|
||New grants awarded||in the||year|5,702,213||l,951,09I||
||Grants<br>written<br>back||in the||year|(/ 03,705)||||
||Net grant cost in|the year|||||5,598,508||/,95/,091|
||||||||9,948,093||5,480,777|
||Grants<br>paid<br>in the year||||||(2,853,894)||(I, l3/, /92)|
||Balance payable carried||||forward||7,094,199||4,349,585|





## 

## 

|6|Analysis of|grants (continued)|grants (continued)|grants (continued)|grants (continued)||
|---|---|---|---|---|---|---|
|||||||2022|
||Brian House|Children's||Haspice||30,000|
||Cerebral Palsy||Scotland|||49,484|
||Kids Cancer Charity|||||9,980|
||Make-A-Wish||Foundation||UK|755,000|
||Malawi<br>Burns||(UKi Trust|||9/,000|
||Over the Wall|||||980,000|
||Rainbow<br>Trust||Children's||Chority|575,000|
||React|||||75,000|
||SELFA|||||l3,437|
||Sight Support||Derbyshire|||8,I07|
||The Chronicle||Sunshine|Fund||/5,205|
||The jessie May Trust|||||I00,000|
||Together(or|Short<br>Lives||||3,000,000|
|||||||5,702,213|
|||||||2021|
||Blackpool Tiggers|||||6,000|
||Brian Hause|Children's||Hospice||4,09 I|
||Candlelighters|||||/6,000|
||Dreoms<br>Come True|||||200,000|
||Make-A-Wish||Foundation||UK|550,000|
||Over the Wall|||||800,000|
||Play Inclusion||Project|||5,000|
||Rainbow<br>Trust||Children's||Charity|/00,000|
||Stick 'n' Step|||||/5,000|
||Whizz-Kidz|||||250,000|
||Unique<br>Kidz|and Co||||5,000|
|||||||l,95/,09/|





## 

## 

|Net income|for the period<br>is stated a/ter|charging/(crediting):|2022|202I|
|---|---|---|---|---|
|Depreciation|oftangible<br>fixed assets||(122)||
|(Profit)<br>/ loss|on sale of tangible<br>fixed assets|||(4,254)|
|(Profit)<br>/ loss|on fair value movement<br>of|investments|(5,290,980)|(I8,576,765)|
|Net gains on|foreign exchange||(I)|(45)|



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|Staff costs and em|ployee<br>benefits|ployee<br>benefits|ployee<br>benefits||||
|---|---|---|---|---|---|---|
|The average<br>monthly|number of employees|||during the period was as follows:|2022|2021|
||||||Number|Number|
|Average<br>monthly<br>number||of employees|||||
|The total staff costs|and|employee|benefits|were as follows:|||
||||||2022|2021|
|Wages and salaries|||||90,356|54,637|
|Social security|||||4,916|(7,859)|
|Pension<br>contributions|||||2,711|l,486|
|Other staff costs|||||89||
||||||98,072|48,264|





## 

## 

|I|I|Tangible fixed|assets|assets|assets|||
|---|---|---|---|---|---|---|---|
|||||||Fixtures &||
|||||||fittings|Total|
|||Cost:||||||
|||Brought<br>forward|at|I|April 202 I|2, I89|2,189|
|||Additions||||I89|189|
|||Disposals||||||
|||Carried forward|||at 31 March 2022|2,378|2,378|
|||Depreciation:||||||
|||Brought<br>furword|ut|I|April 202 I|I,597|1,597|
|||Charge for the|year|||122|122|
|||Elimintated<br>on|disposal|||||
|||Carried forward|||at 31 March 2022|1,719|1,719|
|||Net boolt value:||||||
|||At 31 March|2022|||659|659|
|||At 3 I Morch 202 I||||592|592|





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## 

||||||Bare lays|Castlefield|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||2022|2022|2022|202I|
|||||||lf||&|
|Brought forward<br>at<br>I|||April 2021||76,839,144|4,181,354|81,020,498|64,012,824|
|Additions|to|investments||at cost|19,825,767|701,048|20,526,815|8,558,4 I2|
|Disposals|at|carrying|value||(19,941,554)|(601,893)|(20,543,448)|(IO,l27,503)|
|Net gain/(loss)<br>on revaluation|||||5,225,943|65,037|5&290,980|I8,576,765|
|Market|value as at||31|March 2022|81,949,300|4,345,545|86,294,845|81,020,498|
|Historical||cost as at 31 March 2022|||57,311,726|4,313,271|61,624,998|56,576,226|
|Investments||at marl&et|value comprised:||||||
|UK listed|investments||||22,958,789|3,879,447|26,838,23&|3I,f33,049|
|Non-UK|listed investments||||58,990,511|466,098|59,456,609|49,887,449|
||||||81,949,300|4,345,545|86,294,845|81,020,498|
|Capital<br>cash||deposits|||1,479,524|30,298|1,509,822|2,005,26 I|
|Market|value as at||31|March 2022|83,428,824|4,375,843|87,804,667|83,025,759|
|Investments||at fair value comprise;|||||||
|Equities|||||62,922,545|3,747,553|66,670,098|61,035,045|
|Securities|||||19,026,755|597,992|19,624,747|19,985,453|
|Cash within||invesunent<br>portfolio|||1,479,524|30,298|1,509,822|2,005,26 I|
||||||83,428,824|4,375,843|87,804,667|83,025,759|





## 

|For|the|year ended|year ended|31 March 2022|31 March 2022|31 March 2022|31 March 2022|||
|---|---|---|---|---|---|---|---|---|---|
|13||Debtors||||||||
|||||||||2022|202 I|
|||Prepayments||and accrued|||income|87,009|91,465|
|||||||||87,009|9I,465|
|14||Creditors: amounts||||falling due within one year||||
|||||||||2022|2021|
|||Accruals|for|grants|payable|||3,282,000|1,969,406|
|||Accruals|and deferred|||income||109,481|82,249|
|||||||||3,391,481|2,051,655|
|15||Creditors: amounts||||falling due after more than one year||||
|||||||||2022|2021|
|||||||||6|6|
|||Accruals|for|grants|payable|||3,812,199|2,380, I79|
|||||||||3,812,199|2,380,179|





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||||||||||Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|||||carried|
|||||brought|||Gains|I|forward at|
|||||forward ot I|||(losses) and||31 March|
|||||April 2021|Income|Expenditure|transfers||2022|
|Unrestricted||income funds||||||||
|General|unrestricted||||793,082|(5,744, 108)|4,951,026|||
|Total unrestricted|||income||793,082|(5,744,108)|4,951,026|||
|funds||||||||||
|Unrestricted||capital funds||||||||
|Investments||||8I,055,030||(376,789)|339,955||81,018,196|
|Total|unrestricted||capital|8I,055,030||(376,789)|339,955||81,018,196|
|funds||||||||||
|Totalfunds||||81,055,030|793,082|(6,120,897)|5,290,981||81,018,196|



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|Year ended|31 M|arc|h 2021|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Funds||||||
|||||brought||||Gains I|Funds carried|
|||||forward at|I|||(/osses) ond|forward at 31|
|||||Apr//2020||Income|Expenditure|transfers|March 202 I|
||||||||6||6|
|Unrestricted|income||funds|||||||
|General unrestricted||||I 74,/59||904, I65|(2,025,868)|947,544||
|Total unrestricted||income||I74,/59||904,/65|(2,025,868)|947,544||
|funds||||||||||
|Unrestricted|capital||funds|||||||
|Investments||||63,759,/64|||(333,400)|17,629,266|8/,055,030|
|Toto/ unrestricted||capitol||63,759,/64|||(333,400)|I7,629,266|8/,055,030|
|funds||||||||||
|Total funds||||63,933,323||904,165|(2,359,268)|18,576,8I0|81,055,030|



## 

|Fixed assets||
|---|---|
|Cosh and current|investments|
|Current<br>assets||
|Current<br>liabilities||
|Non current<br>liabilities||



|Unrestricted|Unrestricted|||
|---|---|---|---|
|Income||Capital|Total funds|
|funds||funds|2021|
|/,884,283|8I,|I42,068|83,026,35/|
|2,369,048|||2,369,048|
|9l,465|||9/,465|
|(/, 964,6 I 7)||(87,038)|(2,05/,655)|
|(2,380, I 79)|||(2,380, 179)|
||8/,|055,030|81,055,030|





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