2024-03-31-accounts - Warrington Charities Trust

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REGISTERED CHARITY NUMBER: 1176369

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Warrington Charities Trust CIO

Contents of the Financial Statements for the Year Ended 31 March 2024

		Page
Report of the Trustees	1	to	3
Independent Examiner's Report		4
Statement of Financial Activities		5
Balance Sheet		6
Notes to the Financial Statements	7	to	12
Detailed Statement of Financial Activities		13

Warrington Charities Trust CIO

Report of the Trustees for the Year Ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are to promote any charitable purposes for the benefit of the communities in the area of Warrington, in particular, the prevention or relief of poverty, advancement of education and the protection of good health, both mental and physical, by providing grant funding that will enable charitable organisations to continue or expand their work including activities and service provision for local people.

Significant activities

The Trust's objectives are to raise funds from the Corporate Sector (industry, commerce and trade) operating in Warrington for the distribution to needy charitable activities operating in and for the benefit of the inhabitants of Warrington Borough, their quality of life and their environment. In this way the Corporate Sector (the workforce of which is mainly made up of Warrington citizens) demonstrates its support for the Warrington community in a practical and mutually beneficial way. The Trust strongly believes that charitable donations raised in Warrington should be used to benefit Warrington.

Public benefit

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities.

Grantmaking

The charity makes small grants to local groups by an application process which are approved by the trustees at board meetings.

Volunteers

Volunteers undertake the Trust's management and the general running costs are met by sponsorship. The office space, meeting rooms and website are all provided cost free and the annual report is produced free of all charges. Administration costs are thereby kept to a minimum. Therefore, the Trust can truly state that every £ donated by local business organisations or individuals is given each year to benefit many local charitable activities. No estimate or value has been placed on the work of volunteers or included in the accounts.

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

In the year, in addition to the normal incoming financial support, Warrington Charities Trust has started to benefit from an Internet based scheme for donations at the charity website at https://warringtoncharitiestrust.org.

The Trustees are aware that donations are required to allow the charity to continue to make grants to local groups. Towards this end, the trustees continue to liaise with other grant making bodies in the area and explore opportunities to work together

FINANCIAL REVIEW

Investment policy and objectives

The Trustees have decided that the deposit of surplus funds with the local authority on 7 days notice best meets the requirement to maximise income, flexibility and security of capital.

Reserves policy

The Trustees have decided, because of the dependence on external donors, to set the level of reserves at £5,000.

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Warrington Charities Trust CIO

Report of the Trustees for the Year Ended 31 March 2024

FINANCIAL REVIEW

Going concern

The Trustees are continually reviewing the operations of the charity and its ability to deliver its objects during the Covid 19 pandemic. The Trustees have followed Government Guidance and are seeking financial assistance where appropriate and making cost savings where possible. In the opinion of the Trustees significant financial pressure will be placed on the Charity and on the groups supported as a result of the Covid 19 pandemic but the Trustees believe they have the structure and resources to ensure the Charity remains a going concern

FUTURE PLANS

In order to reach as wide an audience as possible, the Trustees are going to re-brand and re-launch Warrington Charities Trust CIO. We are working towards developing wider networks, contacts and donors to ensure that Warrington Charities Trust continues to offer our much-needed support.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, dated 27 November 2017, which is the constitution of a Charitable Incorporated Organisation (CIO) whose only voting members are its charity trustees.

Recruitment and appointment of new trustees

There must be at least three charity trustees and a maximum of twelve.

Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the trustees. In selecting individuals for appointment, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Organisational structure

At the General Meeting, the CIO will elect a Chairperson, Treasurer and Secretary and such honorary officers as the CIO may from time to time determine.

Induction and training of new trustees

The trustees will make available to each new trustee, on or before his or her first appointment, a copy of the current version of the constitution and a copy of the CIO's latest Trustees' Annual Report and the statement of accounts.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1176369

Principal address

c/o Cheshire Community Foundation The Challenge Academy Trust Bridgewater High School,Broomfields Road Warrington Cheshire WA4 3AE

Trustees

P Taylor Charirperson M Barbour Secretary C Belshaw Treasurer A E Cullen (resigned 21.11.23) R Griffiths A M Morley J M Goodison

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Warrington Charities Trust CIO

Report of the Trustees for the Year Ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WA1 1JW

Approved by order of the board of trustees on 14 October 2024 and signed on its behalf by:

C Belshaw - Trustee

Page 3

Independent Examiner's Report to the Trustees of Warrington Charities Trust CIO

Independent examiner's report to the trustees of Warrington Charities Trust CIO

I report to the charity trustees on my examination of the accounts of Warrington Charities Trust CIO (the Trust) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Janine Boyo FMAAT ACA BFP

Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WA1 1JW

14 October 2024

Page 4

Warrington Charities Trust CIO

Statement of Financial Activities for the Year Ended 31 March 2024

		31.3.24	31.3.23
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		7,535	6,480
Investment income	2	180	25
Total		7,715	6,505
EXPENDITURE ON
Charitable activities
Support of local charities and groups		15,180	9,628
Other		-	350
Total		15,180	9,978
NET INCOME/(EXPENDITURE)		(7,465)	(3,473)
RECONCILIATION OF FUNDS
Total funds brought forward		32,995	36,468
TOTAL FUNDS CARRIED FORWARD		25,530	32,995

The notes form part of these financial statements

Page 5

Warrington Charities Trust CIO

Balance Sheet 31 March 2024

		31.3.24	31.3.23
		Unrestricted	Total
		fund	funds
	Notes	£	£
CURRENT ASSETS
Debtors	5	-	5,000
Cash at bank		25,530	27,995
		25,530	32,995
NET CURRENT ASSETS		25,530	32,995
TOTAL ASSETS LESS CURRENT
LIABILITIES		25,530	32,995
NET ASSETS		25,530	32,995
FUNDS	6
Unrestricted funds		25,530	32,995
TOTAL FUNDS		25,530	32,995

The financial statements were approved by the Board of Trustees and authorised for issue on 14 October 2024 and were signed on its behalf by:

C Belshaw - Trustee

The notes form part of these financial statements

Page 6

Warrington Charities Trust CIO

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

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Warrington Charities Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2. INVESTMENT INCOME

2.	INVESTMENT INCOME
		31.3.24	31.3.23
		£	£
	Deposit account interest	180	25
3.	GRANTS PAYABLE
	Support of local charities and groups	31.3.24 £ 14,060	31.3.23 £ 9,628

continued...

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Warrington Charities Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

3. GRANTS PAYABLE - continued

The total grants paid to institutions during the year was as follows:

GRANTS PAYABLE - continued The total grants paid to institutions during the year was as follows:
	31.3.24	31.3.23
	£	£
Friends of Longbarn Park	435	-
Friends of Christchurch Graveyard	637	-
Families United	533	-
Culcheth Methodist Church	-	300
Warrington Talking Newspaper	1,266	-
The Person Centre	-	(500)
Wild about Stockton Heath	460	-
Appleton Thorn Pre-school Playgroup	-	(500)
Peer talk Charitable Foundation	500	-
WVA - Mulan Culture	-	1,000
Warrington Craftwork Guild	-	500
Warrington Art Group	-	500
Stroke Association	-	450
The Old School	-	598
St Albans Bowling Club	600	545
Glazebury Methodist Church	-	500
MacIntyre	-	500
Christ Church Padgte PCC	-	1,002
Cromdale Way Pre-school	-	658
Friends of Glazebury Station	-	500
St Thomas PCC Stockton Heath	-	240
Pantathlon Foundation Limited	-	500
1st Locking Stumps Guides	-	940
1st Croft Guides	-	555
PCC of Holy Trinity	-	840
Footsteps 2000 Limited	-	500
1st Croft Rangers	683	-
Home Instead Senior Care Bring Joy Foundation	350	-
Park Road PFA	935	-
East Latchford Friends	890	-
WECA	1,000	-
Warrington u3A	600	-
Warrington Asylum Seekers and Refuge Support	600	-
St Josephs PFA Fr	925	-
Lime Print Works	1,104	-
Culcheth Tennis Club	760	-
Warrington and Halton Heah and Neck Cancer Support Group	700	-
The 7th Warrington Scouts (Sankey Valley)	630	-
Warrington Youth Rowing	452	-
	14,060	9,628

continued...

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Warrington Charities Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

			31.3.24	31.3.23
			£	£
	Short term investment		-	5,000
6.	MOVEMENT IN FUNDS
	Unrestricted funds	At 1.4.23 £	Net movement in funds £	At 31.3.24 £
	General fund	32,995	(7,465)	25,530
	TOTAL FUNDS	32,995	(7,465)	25,530
	Net movement in funds, included in the above are as follows:
	Unrestricted funds	Incoming resources £	Resources expended £	Movement in funds £
	General fund	7,715	(15,180)	(7,465)
	TOTAL FUNDS	7,715	(15,180)	(7,465)
	Comparatives for movement in funds
	Unrestricted funds	At 1.4.22 £	Net movement in funds £	At 31.3.23 £
	General fund	36,468	(3,473)	32,995
	TOTAL FUNDS	36,468	(3,473)	32,995

continued...

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Warrington Charities Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

6. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement	Movement
	resources	expended	in funds
	£	£		£
Unrestricted funds
General fund	6,505	(9,978)		(3,473)
TOTAL FUNDS	6,505	(9,978)		(3,473)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds	At 1.4.22 £	Net movement At in funds 31.3.24 £ £
General fund	36,468	(10,938) 25,530
TOTAL FUNDS	36,468	(10,938) 25,530

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds	Incoming Resources resources expended £ £	Movement in funds £
General fund	14,220 (25,158)	(10,938)
TOTAL FUNDS	14,220 (25,158)	(10,938)

continued...

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Warrington Charities Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

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Warrington Charities Trust CIO

	Detailed Statement of Financial Activities
	for the Year Ended 31 March 2024
		31.3.24	31.3.23
		£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations		7,185	6,130
Donated services and facilities		350	350
Investment income		7,535	6,480
Deposit account interest		180	25
Total incoming resources		7,715	6,505
EXPENDITURE
Charitable activities
Subscriptions		770	-
Grants to institutions		14,060	9,628
Support costs		14,830	9,628
Governance costs
Independent Examiners fees		350	350
Total resources expended		15,180	9,978
Net expenditure		(7,465)	(3,473)

This page does not form part of the statutory financial statements

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