Charity No.. 1164227 THE EDrrH MARY CLARK FOUNDATION TRUSTEES, REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 THE EDITH MARY CLARK FOUNDAIION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Page Trustees, Report Indapèndant Examiners Report statwment of Finan¢lal Activitles Balance Sheet Note5 to th? Financial Statèments THE EDITH MARY CLARK FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 LEGAL AND ADMINISTRATIVE INFORMATION Addiess of the Charity 21-23 Park Street Lytham LancashDB FY8 SLU Tiustees John Davld George Hinchliffe Chrltslopher Neil Cafvert Charity Number 1164227 Solicitors Vincents Soliutors 21-23 Park Street Lytham Lancashire FY8 SLU nveslmenl Managers Canac¢ord Ge￿Ulty 10B Clifford Gourt Cooper Way Parkhouse Cadis Cumbria CA3 OJG Ir￿ePefide￿t Examiner Accountants Debb￿ Thom FCA Champion Accountants LLP Unit 2. Olympit Court Boardmans Vvay Whliahills Bustness Pa Blackpool FY4 5GU THE EDITH MARY CLARK FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveffllng document The charity was establlshed by a Trust Deed dated 17 October 1996. The Trust was regÈstered with the Charity Commlssion for Engtand and Wales on 2 November 2015. Registered Number 1164227. Appointment of trustees and their induclion and trainihg The Trustees aptx)inted by the Deed were Edtth Mary Clark and Richard Nowell Hardy. Edith Mary Clark was replaced by John David George Hllichliffe and subsequently died on 3 Septembgr 2014. On 10 March 2017. Richard Newell Haidy was replaced by Christopher Neil Calvert. The Trustees have the power lo appolnt new trustees. Rlsk manag&M￿t Tha Tru51ees have considerad possible rlsks to the charty and concluded that by the nature of the aclwitiès no significant exlernBI risks exist. The T¥uslees remew Ih8ir Risk Management Policy regularly. OBJECTIVES AND ACTIVITIES The object of th9 Trusl 1$ lo rmmote and support any axclusively charstable purposes or charitable objects in the United Kingd¢)m or in any other part of the workl as the Trustees in IheiT discre￿.on think t, butwith the Lancashire arèa being given prefer¢nce in accordan￿ with the seillor's wishes. PUBLIC BENEFIT DELIVERY As a grant making Charity, Ihe Trusle8s make grants to other legalty constituted charitiès. The grants we mak9 arè not restricted ￿ any way and all benefio3ries are cor$S￿ered with a view lo benefit charities whleh themselves dèliveT publi¢ benefit. The TNslees have Teferr8d lo Ihe guidance contained in the Charlty CommissK)n's gen8ral guidance on public benefitwhen revbwing the charity's airns and objectives and in planning fijture oblectives. ACHIEVEMENTS AND PERFORMANCE Grants totalllng £28,85012023: £34,170) have boÈn mode during thè period. with all of these grants being made from incorne. residu8 of income has boen added to rèseN8S. FINANCIAL REVIEW Rgservgs Polcy It 15 thè poI￿Y of the charity to maintain unrestricted furhds, which are free reseNes of th6 chBrity. at level that provides sufficient funds lo cover grants payable and administration costs and lo respond lo emergency applications for grants which arise from time to lime. Unreslricled funds were malnlained at similar levels throughout the year. THE EDITH MARY CLARK FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024 Investmgnts The investment policy adopted is lo provide a balanced return of income and capSts1 whilst accepting a modeTale levd of risk. Regular reports are received from C8naccoTd Genulty Wealth Management which keep the Trustees inforffled on the progress of these investments. The Investment yield was 2.88% according to the sto¢kbroke¢s valuation at 5 April 2024. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustées a￿ iesponsible for preparing the Tw$tees' Annual Report and thè financial statements in accordance wilh applicable law and United KM)gdom Accounling Standards (United Kingdo Generally Accepted Accounting Praclicel. The law applicable to charib.es in England & Wales reqLtirÈs Ihe Trustee5 lo prepa￿ finanrial statements for each flnancial year which give a true and fair view of the slate of affairs of tha charity and of tl)È incoming T8sources and application of resources of the Gharlty at Ihat period. In preparing these financial statements, the Truslees are requlred tO=_ Sglect suitable accounting policies and then apply them consistently.. obseive thè methods 8nd principles in the Charities SORP- make judgemcrrts and eslimales that are rèasonable and prudent,. Slate whether appltcable accounting standards have been followed. subject to any matèrial departurtss disclosed and gxplained in the fin¢anLial stat8m&nls-, Prgpaie the financial statcments on the going concem basis unlgss It is inapproprialg to Pfesumé that the charity will continue in operallon. The Trust8#s are responsible for keeping proper accounting records that d18close wilh Teasonable accuracy. al any lime. the financial position of the charity and enablg thèm lo ensure that th8 financial statements comply with the Chaiilies Act 2011 and Accounting and Reporting by Charitiès.. Statement of Recommended Pracb"ce applicablo to charities prepaTin9 their a¢¢ounts in aGGordance with Ihe Financial Reporting Standard applicable in Ihe UK and Rèpublic of Ireland (FRS102I12s amendod for accounting p8riods commenGiwig from l January 2019). and the provisions of the trust deed. They are also responsiblg for safeguarding the assets of the tharity and hence for taking Teasonabk steps for the prevention and daleclion of fraud and olh8r irre9ulariliès. This rèport has been preparèd in accord8nce with th8 Slatemenl of R8commended Practic Accounting and ReF<)rtlng by Charities. Thls report was approved by the Tru￿èe$ of the charity on and signed on Ils behalf. J D G Hlllchli rman Date.. THE EDITH MARY CLARK FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 I report on the accounts of the charity for Ihe perv)d ended 5 April 2024 which ale set out on the pages that follow. Rg$p8ctive responsibilltles of the tTUStegs and the indepgndent examinar The charty's twslees are responsible foi the the prepar8tton of the ac¢ounls. The charity's trustees consider that an audit is not required for Ihis period under section 144{21 of the Gharities Act 2011 the 2017 Act). and that an independent Examinatlon Is needed. 11 is my responsibility lo.. examine the accounts under seclion 145 of the 2011 Act- follow Ihe procedures laid down the general r&irpctions given by the Charity CoFnmission und8r sectK)n 145{5Mb) of the 2011 Actr. atKI state whether particular tnatt8r5 have come to my atteniion. Basls of Independ¢nt èxaminer's T&POrt My gxaThlnalion was carried out in 8CCOTdan¢e wlth th8 gen8ral difedons given by thè Charlty Commission. An indepèndent examination includ&s a review of the accounllng records kept by the charity and a comp8Fi50n of the accounts presgnted with thosè rècords. It also indudes cJ)nsideration of any unusual items or disclosures in thp accounts, and sccking the Trustees wncerning any such Frkattars. The procedures ufidertaken do not piovide all the evidence that would be required in an audit, and conspquendy no opinÉon is given as lo whether thè accounts present a "true and far vie￿, and the rewt is lirnlted to those fflatters sgt oul in the stalemenl below. Independent examSnefs stat•ment the coursÈ of my exam5nation, no matter has come lo my attention: 1) which gives me TEa50nable csktse to believe that. in any malerial respect, the require￿ents.. lo kegp a¢counling records in ac¢ordan(E wlth Sec￿On 130 of the 2011 Act- and lo prepare aecoun15 which accord with thé accounting records and comply with the 8ccounling iequlrÈmenls of the 2011 Act have not been mel. or 21 whleh. In my opinlon, attention should be drawn in order lo enable a pn)per understandlng of thg accounts to be r8ached. Debbie Thom FCA Champion Accountants LLP Blackpool Dats.. JO JoJ5 THE EDITH MARY CLARK FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Expendabl• Endowment Unrestricted Fund Fund 2024 Totsl 2023 Totsl Incomlng Resourcès Current period: Sale of Option on land Investment income Bank inlcTest (gross) Net Rental Income Profil l {Lossl on sale of inveslmenls Sale of Option on Land Co-operalDI8 Bank Swllch Incentivè Note 44.992 912 44.992 912 116 43,938 362 116 430 (862) {8621 34,916 15,000 Total incoming iesource5 02 Charilable ex￿ndItUTe Legal ch8rges- General Aecountancy charges-GeneTal Inde￿ndent Exarningrs fees Grant Advert5 Bank charges Inveslmenl marFagemenl charges 2,250 1,380 6.750 4.140 810 9,000 5,520 810 60 9.280 5.160 780 120 60 6.757 6.757 6,700 Charitable donations Total resour¢e$ •xpended Net incomlng rèsources Other re¢ognisÈd galns and lossès Realisedlunrealised gainsllk)ssesl on investment assets 111.249} 5.405 {5,8441 38.436 105660 94,411 5.405 99,816 184,2761 21921 375 162809 Fund balances brought forward Fund balan¢?$ ¢arrled foNard THE EDtrH MARY CLARK FOUNDATION STATEMENT OF FlhlANCIAL ACTWMES FOR THE YEAR ENDED S APRIL 2024 2023 COMPARATIVE SPLIT Exp•ndable Endowment Unrostrlclod Fund Fund 2023 TDt#l Incomlng Re$ources Currenl period: Sal& of Option on land Investment income Bank interest Igross) Net Rentsl Income Profil I IL05sI on sale of inveslrnents Donallon chBques not cashed Co-operauve Bank Switch Incentive 43,938 362 43,938 362 430 430 34,916 15,000 34.916 15.000 Totsl incoming rosour¢es Charitable expendlturè Legal chafges- General Accountancy charges - Genaral Indeperbdent Examiners fees Grant Adverts 2,320 1,290 6.960 3.870 780 120 9,280 5,160 780 120 Bank charges Inveslmenl management charges 6,7DO 6,700 CharÈtable donalions Total ￿sOUrces expended 900 Net in¢omlng resourres other recognised gains and lossès Realisedlunrealised gainslllossesl rjn investrnent assets 39.606 {1,170} 38,436 122712 122 712 183,106) 11.1701 184.2761 1712375 Fund balances brought foFward Fund balances ￿TrIed forward THE EDITH MARY CLARK FOUNDATION BALANCE SHEET AS AT 5 APRIL 2024 Expèndablo Endowment Unrtstricted Fund Fund 2024 Totsl 2023 Total Note Fixed a$$ets Investments Land at Wrea Grean 1.581,204 120 000 1.581.204 120000 1,403.112 Current assets C3sh al Linder Myers. Cash al Bank Cash 8t Investmenl Manager P Wilson & Co Income tax fepayabl8 Rent receivabl6 16,071 2,704 16,071 13.597 17.344 90.730 10,983 333 430 333 333 430 19 Creditols Loan between Funds Amounts falling du9 within one yeaF 810 810 Net currènt assets1{Ilabilities} Net a$$èts 91 Funds The financial stst8mènts were approved by th8 Trustees on and signed on Ihelr behaw by.. J D G Hinchliff8 C N Calvert THE EDITH MARY CLARK FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENOED 5 APRIL 2024 1 ACCOUNTING POLICIES Basis of ac¢¢unting The Accounts havè been piepared under the historical cosl conVen￿On and in accordancè with the Accounling and Reporting by Charities.. Slalemenl of RecowDtnended PractKe applicable to charities preparing their 8ceounts in accordance with the Financial R&po￿ng Standard applicable in the Untied Kingdom and Republic of Iieland {FRS 1021. Ihe Charlties Act 2011 and UK Generally Aceepled Practice as h 8ppll8s Irom 1 January 2019. Thè financial slalements of the charity, which Is a publ￿ benefit entity undei FRS 102, have been prepared fft accordance with the Charities SORP IFRS 1021'A¢¢ounting and Rfrporling by Charities-. prèparing their accounts in accordance with the Financlal ReporlSng Standard applicable in Ihe UK and Republic of Ireland IFRS 102) leffeclive 1 January 2019}', Financial Reporting Standard 102 'Thè Financial Reporting Standard applicable in the UK and RepLEblic of Ireland, and the Charities Ac12011. Income. dlvldend and deposit interest Dividend income is acctsunled for on the date the éivldend is payablé. Deposit inteTe51 and grazing rent is accounted for on a receipts basls. Investments Investm¢nls are staled at market value. Invèstment income is credited to the income fund on an accruals basls. ExpendFturé All expendtlurè is accounted for on an accruals bask8. 2 GRANTS PAYABLE Grants payable are accounted for on an accruals basis. Grants Ihis period were Jnainly paid in accordancè with wishes expressed privatew by the sèttlor to the TwSt￿S. In lulur8, grants will made foltowlng an appllcalion by a règistered charity. Endowmènt funds Incoming resources from endowmgnt furjds aT6 iinw5tricted. Incomé is treated as an endowment where Èxpenditure of income or capltal is al the discretion of th8 Twstees. Income is recognisèd when th8 Charity is enlilled lo il. THE EDITH MARY CLARK FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENLIED 5 APRIL 2024 3 TRUSTEES REMUNERATION AND EXPENSES No trustees welved Yemunoralion or expenses. Mr J D G Plin¢hlrffe was an employee of Metsmorph Law Llmited TIA Linder Myers. £9,000 {2023'. £9.280} was payable duTlng the year to the firm by the chaTlty for ServI￿S carried out on behalf of the truslees. Mr C N Calvert is a director of Rushtons INWI Limited TIA Rushtons Chartèred Accountants. £5.520 {2023- £5,160) was payable durlng the year to the firm by thé charity foT services carried out on behalf of the trustees. £3,OOCI was outstanding at the yeaT end. 4 CHARITABLE ACTIVITIES Grants paid to re9iSter8d charittes frovn inwme= Sl Nicholas Singers Willage Choir Bolton Lads & Girls Club Lancashire Teachin9 Hospitals Charily Lancasl8r Roman Calhollc Diocesan Twslee Freckleton Village Singer5 Friends of Lytham Railway Station Friends of Newton Communlty Park Newton Bluecoal CE Prlmary School PCC Kirkham Kirkham Town Council- Kldtham in Bk)om Revitalise Sl John Vianney Calholic Primary The 3H Founda￿On Sl Annes Lawn Tennis & Squash Chjb Lancs Wesl D ot E Unit {Girlguid*ngl Christ Church Wesham Clubday 2nd Frecklelon Guides 2024 2023 1.000 1.000 1,000 2,000 1,000 1,000 1,000 1.500 500 1.000 900 1.000 3,000 600 500 2,SOO 1,000 700 2.000 1.000 5(K) 500 500 500 600 1,000 1,1100 1,000 700 1,000 1.000 500 The Fylde Food Community Hub Kirkham Singers Communty Choir 2nd Kitham Sl Michaels Scout Group N8Wton, Clffton & Sa￿1Ck Field Day Lytham Heritage Group Sense 850 500 600 750 2,000 I,ooo 300 1,000 750 Pr8slon Opera Proslon Association Rosemere Cancer Foundation Smile (Preston} 500 1,500 500 1,000 2.000 800 Balance cffwd 21,850 28,300 THE EDITH MARY CLARK FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED S APRIL 2024 Balance blfwd Friends of Sl Annes Rai￿aY St81ion RS Outside CaleTing D Day 80th Anniversary Wrèt Green Cricket Club Wrea Green Field Day Woodplumpton Prirnary School Fresh Food 4 Working FamIl￿S 21,850 500 28.300 600 1,000 1,000 2,500 520 500 750 1,500 2,000 2,000 ChJritsble Donations 5 CREDITORS 2024 2023 Rushtons Champion 3,000 810 2,640 780 10