DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prl¢e Parry Charitable Trust Charity Registration Number.. 1178567 Unaudited Accounts for the year ended 31)th September 2023 Office Copy
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 ..Price Parry ChaTitable Trust A¢counts for the year ended 30 September 2023 Index Page 1-5 Tw$tee$' Annual Report Independent Examinevs Report Statement of Financial A¢tivilies Balance Sheet 16 Notes lo the Accounts (including Accounting Policies)
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 'Prlce Parry ChaTitable Trust Accounts for the year ended 30 September 2023 Trustees. Annual Report The TTuslees have pleasure in submilting their Annual RekX)rt and Financial Statements for the year ended 30 September 2023. ObJectlve8 and actlvitles of the Charlty The TTuslees hold the capital and income of the charity from wthich they may make donations for su¢h charitable OTganisations in such manner and in such proportions as they in their absolute dlscretion decide. With ¢onsideralion of the settlorfs wishes but wrthout prejudice to Ihe generality of the foregoing, the Trustees currently give preference lo providing funding for cause5 benefftting the Wirral and Liverpool area with the following wholly charitable purposes: The disadvantaged, through community projects So¢ial needs, particularly for Hospices and Chiklren Allevlation of poverty Support of vafiOUS medical fields. parb'cularly MS. Epilepsy. Blindness and the Oeaf Help for the aged The environment, exlended to Include Worldwide natural disasterg The Trustees have complied with the duty in s17151 of the Charities Act 201110 have due regard lo the Charity Commission's Public Benefit guidance when exercising any relevant powers or duties. Restricted funds, known as the Bloomberg Scholarships, are held to award scholarships to students of the University of Liverpool. The number of students and amounts awarded Temain al the Trustee's disCli0n 8fter reviewing avallab18 Income Funds each year. A¢hl&vemonts and performance The Trustees continued lo focus on increasing awareness of the trust and building relations with local voluntary seNIc8s in the Wirral and Liverpool aftas. The Trustees received a number of applications for funding. The Trustees We pleased to resolve to make a number of grants which aR detslled In the notes to these aOunts. Bl The Price Pary Trustees will continue the schedule agreed the Unrversity of Liverpool.. Dale of ¢ommeD¢ement'. OctoLw 2023 Estimated Award Amount.. Minimum of £13,500 every academic year to be paid and split lo each student OV8r a 3 year cycle.. 2023124 2024126 2026126 Per Terni student A student B Student C 4.500 4,500 4,500 4.500 4.500 4,500 4.500 1.500 1,500 1,500 4.500 13.5 13,500 13,500 4.500 P*Je 1
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 ' Prlce Parry Charitable Trust Accounts for the year ended 30 September 2023 Trustees. Annual Report Inves me I rfofmance. The performance of the fund is monitored against a bespoke benchmat* agreed by the Trustees annually. The Investment Manager provides regular reports to the trustees. vtho review the performance of the portfolio. The Trustees are satisfied with the investment perfomance. The Trustees are in the process of updating the Policy Statement, following the receipt of Bloomberg Scholarship funds. which will be referenced whers luture reviews are carried out. Flnanc141 Revlew Funds were transferred from the Bloomb8rg Foundation durlng the y8ar. lotalling £21,337 of Income and £620,481 of Pemianenl Endowment capital. Endowment Funds are expendable and held to generate a stream of Income from whlch grants w511 be made. Income generated from inv¢slmenl$ totalled £60,212 during the year1£70,466 in 20221 and £16,723 {£16,186 In 2022) was sp8nt raising funds. Grants were pledged and awarded during the year in the sum of £72,536 £41,730 in 20221 and £8,500 (£9,432 in 20221 was spent on Support, governan¢e and offi¢e wsts. The SOFA Includes the net gains I (losses) arising on revaluations and disposals of investsments throughoul the year. During the year, net gains of £56.078 {no1 losses of £104,078 in 2022) arose. There was a nel Increase in funds tor the year of £35.350, exdudlng the Bloomberg Scholarshlp funds,. whlch decreased overall by £20.067. The Trustees held Expendable Endowment Funds of £1.440.2701£1.394.348 in 20221 primarily repregented by investments, and Unrestricted Funds of £63,473 {£74.045 in 2022), mainty represented by income cash. The Reslricled Funds of income tolalled £11.085 represented by cash and Endowment of £613,914 mainly represented by Investments. Totsl Fund8 held as al 30 September 2023 were £2.128.742 (£1,468.393- 2022). The Trustees are satisffied they have suffi(ient fvnd5 to meet with thr ongoing objecfives and wll continue to regularly review the position. General reseNes are UnstriCted income funds, freety available to spend on furthering the charity's purposes. General reserves are those which remain after the Trustees have set aside amovnls required for specific purF)oses, such as designated funds. Restricted Funds, Expendable Endowmenl and Permanent Endowment are excluded when TTuslees consider the ReseNes of a Charity. It Is not the intention of the Trustees to build up income reseNes. The Tnjstees liaise vith the investment manager regularly lo ensure they are aware of any fOard commitments. which are then taken into account when managing the Chantys investments. Transfers are made beeen Unrestricted Income and Expendable Endowment as necessary. Accordingly, the Trustees consider the balanc8 of Unfestricted Income Funds held at the financial year-end to be General Reserves.
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prlce Parry Charltsble Trust Accounts for the year ended 30 September 2023 Trustees, Annual Report Investmen mana The Trusfs capital is invested in marketable investments or held in cash. There are no specific restricb'ons under the lerms of the goveming documenl. The Trustees have full discretion over the investments. The Trustees have delegated full discretionary day lo day control of the investments lo Rathbones Investment Management. Investments been acquired and diswsed of in accordance wth the powers available to the Trustees. The Trustees have agreed with the Investment Manager the objectNes to secure a reasonable growth in income conslstenl with the long term preservation of capital in real terms. Investment decisions should be made based on views of the prudent person in accordance with the standard inv8Stment criteria relating to suitability and diversification. The Trustees wish to ensure that the objectives oudined are achieved with an acceptable fisk. This implies the need for diversification of investment of Trust lo include a range of assets induding fixed inter8St stocks. UK and overseas shares. Investments comprise holdings in UK, larg8 overseas listed companies, unit and investment ITusIs including those investing in major inlemational markets and also fixed interest securities. The portfolio may therefore include a proportbon of medium-sized or smaller UK companies and have exposure to Internaliorb81 rnarkels. Strncture, Governance and Man•g&monl The Price Parry Charitable Trust Iregislration no-. 1178567) is an unincorporated grant-making trust. Its governing body a the Trustees of a Will dated 301h October 1995, whlch was proved by the Executors on 4th January 2017. The power of appointing new Trustees is vested in the then current Trustees. Trustees are selected due to their connection wlh the current Tnjstees in a¢cordance with their skills, experience and underslanding of the obligatlons imposed on such an appointment. The Tnjstees meet hvice a year to rewew pefftimiance and applications for funding. During the year under financial review, the Trustees met virtually and by conference call to discuss applications for funding received and other governance matters. including a review of the charity's investment asset perfomiance and posillon. The Trustees ensure they are operating within the current guidelines by dlscu88ing any matters arfsing from updated Charty Commission practs'ce and guidelines and. along with their own reading. they lake advice from Rathbone Trust Company Ltd. The Trusfs capital is mainty inve51ed on stock markets. As the Truslees have unrestricted poweTS of investment under the governing deed, the Trustees have resolved to delegate the day to day management of the Trust's Funds to Rathbone Investment Management Ltd. By deed of appointment dated 18th July 2023. the Trustees of The Bloomberg Foundation resolved that the Governlng Document of the Foundation t* read and ¢onstwed as if it provided that the Trustees of the Charity shall be the Trustees of the Price Parry Charitable Trust. The Trustees transferred all property of the Foundation to of Pri¢e Parry. as detailed in note 4 lo the accounts.
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Price Flary Charitsble Trust Accounts for the year ended 30 September 2023 Trustees. Annual Report The Trustees are lo hold the Restricted funds as Expendable Endowment to generate an income to be applied lo award the Bloomberg Scholarships. The UnNersity of LNerpool wll t* responsible for identifwng students who meet the criteria set out by the Trustees, the identified individuals must be in financial need and residents of the Wirral or Merseyside should be given priority before awarding grants to individuals outside the catchment area. The value and number of scholarships awarded each year is al the discretion of the Trustees shall be reslricled to undergraduates or graduates who are studying al the University of Liverpool at the time they apply for an award.
ss
ssm The Charity Trustees hav8 given consideration to the major risks to which the charity is exposed and are preparing a Risk A$ses$menl and Policy documenL Tfustees are satisfied that systems or procedures have been 8slabli$hed in order to manage those risks. After considering the areas of governance, operation, flnance, environment and compliance the Trustees have identified that major negative fluctuations in Investment assets could cause a material risk lo the Charity's funds. In order lo mitsgate this risk and in accordance with s1 S Trustee Act 2000 the Trustees have established a Policy Slalement to be adhered lo by the Investment Manager, which will be reviewed al least once a year in line with investment perfoTmance. Reference and Admlnlstratlon detall8 Registered No: 1178587 Prlnclpal Office.. Clo Rathbones Investment M8nagemenL Port of LNerpool Building, Llverpool, L3 Trustees who served during the year and in post when the report approved.. Bernard Kenny (Chairman) Andrew Jones Lesley Jane Richards Accountancy.. Rathbones Trust Company Limbted. Port of Liverp)ol Building, Liverpool, L3 Independent Examiner.. Anita Mason BAIHons) BFP FCA BWM, Tempest, Suitè 5.1. 12 Tithebam Street, Liverpool, L2 2DT 8ankers & Investment Managers Rathbones Investment Management Limtted, Port of Liverpool Building, Pier Head. Liverpool L3 1NW Plans for the future The Trustees aim to expand disseminsation about the Tntst to increase requests for funding. The Trustees continue to build relations founded wth voluntary services in the areas of WITf81 and Llverpool by maintaining communication to encourage applications for funding. The Trustees continue to be mindftjl of frjnding required to ease financial difficultie5 affecb'ng so many individuals.
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prlce Pafry Charitable Trust Accounts for the year ended 30 September 2023 Trustees. Annual Report Trustee8' Re8pon8lbllltles The Trustees are resnSIble for preparing the Trustees, Annual Report and Financial Statement in accordance with applicable law and United Kingdom Accoltnting Standards {Uniled Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wa18s requires the Trustees to prepare financial slatsments for each financial year which give a true and fair view of the state of affairs of the charity and its income and application of resources for that year. In preparing these accounts, the Trustees are required to: - $ele¢t $ultable ac¢ountlng poll¢es and then appty them con5iStenty. - observe the methods and plln¢iple$ in the Charib'es SORP {FRS 102): make judgements and estimate$ that are reasonable and prudent.. slate whether applicable UK accounting standards {FRS102) have been follovlpd, $uble¢t lo any malerlal departuies disclosed and explained in the financial statements.. and prepare the financial statements on the going concern ba$18 unless11 1$ Inapproprfate to presume that the Charity will continue in 0raon. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's ITansaclions and disclose reasonable accuracy at any lime the financial position of the Charity and enable them lo ensure the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also respon8ible for safeguarding the assets of the Charty and hence for taking reasonable steps for the Pfevenbon and del8clion of fraud and other itregularilies. Declaratlon The Trustees declare that they have approved the Tru$tee$' report above. A8 agreed and on behalf of the Trustees on 2V BeTnard Kenny Chaimian
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prlce Parry Charitable Trust Accounts for the year ended 30 September 2023 Independent Examlner's Report Independent examlnerfs report lo the Tru$tee$ of the Prlce Parry Choritable Trust I report lo the trustees on my examination of the accounts of the above charity llhe Trusv,) for the period ended 30th September 2023, which are set out on pages 7 tr) 16. Th1$ report 18 made solely to the ¢harity's tnjstees, a$ a body, in ac¢oTdan¢e wth Section 145 of the Charities A¢1 2011. My examinatson has been undertaken so that I might state to the charity's trustees those matters l am required to stale to them in an Independent Examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for my examination, for this reporL or for the opinions I have formed. ResponslbllStles and bas18 of feport As the charills trustees, you are Tesponsible for the preparation of the accounts in accordance wllh the requirements of the Charities Act 2011 {Ih8 Acr). I report In respect of my examlnatioTr of the Trusfs accounts carried out under section 145 of the 2011 Act and in Carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under $8¢tlon 145(5){b) of the A¢t. Independent examlnerfs statement Your allenlion is drawn to the fact that the charity has prepared finan¢lal ststements In accordance wlth Accountlng and Reporting by Charitie$ preparing Iheir auounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities.. Stalemenl of Recommended Prath'¢e issued on 1 April 2005 which is referred to in the extant regulations but has now b8en withdrawn. l undeTStand that this has been done in order for financial statements to provide a true and fair view in a¢cordan¢e with Generally Accepted Accounting Practice effecb've for reporting periods Winning on or after 1 January 2015. I have cornpleled my examination. l Gonfirm that no material matters have come to my attentlon In conneotion with the examination which gives me cause to believe that in any material respect.. the accounting records were not kept in ac¢ordance with seclion 130 of the Charities Act. or the accounts dld not accord with the accounting records, or the accounts did not comply wth the applicable requirements concerning the form and content of accounts Set out in the Charities (Aecounls and Reports) Regulations 2008 other than any requirements that the accounts give 8 Irue and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. 29 July 2024 1 12..05 PM B5T Anlta Mason 8A(HonsJ 8FP FCA B WM, T&mpesl, Suite 5. 1, 12 Tilhebarn Slrg91. LNerP1, L2 2DT Date Pag& 6
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prlce Parry Charftabl8 Trust Statsm•nt olllnoncl•l actlvStl88: Ywr endod 311 S•ptwntw2023 Unr••trt¢t¢d Exwndabl• Restrl¢t¢d R•$trl¢tsd Fund8 Endowment Income Fund Endowment Total Fund8 2023 Tolal Fund• 2022 2023 2023 2023 2023 Incomo and Endowm•nts frorn: Donallon8 8nd1gg8C Inv88knents 21.337 3,248 620,481 641,818 60,212 70.4e8 Totsl Incom• ind Endowments 24.685 620A81 702.030 70,466 Exp•ndltur• on: R•lslfig frjndi Charlloblo a¢¥1 1,945 18.723 81.038 16,186 51,162 87.$36 13.W) Totsl Exp•ndltur• 87,5J8 13,$00 1,946 97,769 67,341 N•t galni I Il¢)M••l on InN*•lm io eo.7CQ 14.0221 $8,078 1104,0781 N•t mov•m•nt In lund• 110.5n} 45.922 11.085 613.914 e60,349 1100,9601 R•¢on¢lll•tlon of fund• 15 BInce brought fwa 74.045 1,394,348 0 1,4e8,393 1.S89.353 BalAnc• cath•d lopw•rd 13,473 1.440,270 613.914 2.128,742 1,488.393 The nolel on p#y•• 9 to 18 fomi part ol them thxcmmts. ' R•Btrklgd fund• r•lot• to hkl to
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prlc• Parry Charltablo Tnmt Balaneo Sheet at 30 S•pt•mb•f 2023 Unr•strfct•d EXndabl0 R05trfcted R8Strlctod Fund$ Endowm•nt In¢om• Fund Endowm•nt 2023 2023 2023 2023 Total Fund• 2023 Total Fund• 2022 Flx•d A81•ts InvlMents at M#rk•t Vakn• 10 1.426.531 455.049 1.881.580 1.392.059 1.426.631 4SS.049 1.881.680 1.392.069 Curr•nt Ass•t• Debtors C•8h It nk and on depoglt 3.453 87.328 3,453 160.350 293.088 3,069 93,423 14 17.207 28,185 Total Curr•nt A•••l• 90,779 17,207 28,185 160.350 296.521 96,492 Llabllltb•• Credllor$'. amount• hlllw du• ltNn one y•8r 12 17.10) 49.359 20.158 N•t Curr•nt A•s•t• I lua1lItIj 83.473 13.739 11.086 151.88S 247.182 70,334 Tot•1 N•t A•••t• 4t 30 S•ptwnb•r 2023 83A73 1.440.270 11.086 613.914 2.128.742 1,468,393 FundJ of th• Ch•rfty Tot•1 Fund• •t 30 S•pt•rnbv 2023 83A73 1W.270 11.085 613.914 2,128.742 1,488,393 . R••lrtd funth r•lab to lund• I1 rd•tlng lo Bk Foundalb. Approved by the Boord olTwu8to•# •Md tt• b•h*ff ¢ 2d2L 8•mard Konny Chalrmon The notes on pag•s 9 to 16 lomi part actwnts.
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prfcg Pafry Charftablè Trust Accounts for the year ènded 30 septeMr 2023 Notes to the Accounts 1 Charlty Inforni10 Thè Price Parry ch8yrtab Trust is govèrrd by 8 Will datad 301h Ocirthr 1995 which was proved by thè Execulorg on 41h January 2017 8nd register&J In Eland aThJ WalBs. The prknrypal address is thg Port of Liverpool Builyiro, Pk?r Head. LIverpCI, L3 1NW. 2 Accountlng Pollcle• These finanaal stotements have been prtpared in ac£ordanc• vAth eharitls goveming doeunnt, Accounllng and Reporting by Charrties.. Slatement of Recornmw Practré applicab lo charitS Preparing their accounts In accordance with the Fin8ndal Reportkng Standard awicable in the UK and Rapubllc ol Ireland IFRS 1021 1gNeetNe 1 January 20191. the Charits8 A( 2011 WKI FRS102 The Finan¢aal ReportiThJ Stsndard applkable In the UK and Republic ol Iland. Tho chaflty 1$ a Publk Btsneflt Enllty as defln&J by FRS 102. occounls are prepared In slèrUrvJ. Is tl functr)ng1 uThncy of the chaylty. omounts In thes• finand•l $tatsm•nts art rrwndod to th• £. Monèlary accounls hove been prepared the hlslortcal cost conv8rition. mOded lo Include th8 aluallon ol Inve8tm8nts at lalr valu8. Th$ 8rminllng •Joptad 8re sal out bèlow. The ch8ffty has taken 8(fv8ntagg of Pfovtsknns kn Iho SORP ts Charflkns apPTrg FRS 102 Update Bu118tln 1 not to prepar& a Slalemnt of Ca8h Flty G¢lng Conc•m The Truste8s have 88ge88ed whtrthef lh8 of Golng Conc8m IB 8pprcyrf8te and have concluded Ihat the charlly has ad8qU8te resources and reser to enabk it to conllnua In 0rat1)nal extstenc& Ic th• forese•abl• futur8 and therè arn no mal8ri01 uncortaintiOS 8bout ¢h8 th)rit8 ablllly lo )ntInue 88 a golng ¢on¢arn an¢J thus If Tru6toes C£AlIn aOJpl th8 'going conrn, bash of accoUnng In preparlng t flnancl81 staltrments. Fund accountlng Tho ch8rily holds R•8lricted Funds held undar spetslk InBts under ¢harfty law. These fvnd8 are nol avallab for u8e al the dlscretkjn ollhe Iru31o8s and In8te&J are hdd for a SFwJfic purpose as ded&red by lh8 donor. Th8 ch8rfly holds Unwstricled Funts whi¢h #rn availab fty us¢ al th• dl8¢r•tw ol the ch8rlly In further8n¢o of Its ¢harit8ble obio¢tlve$ tho (unds ha¥e been deBvJnatsd forth pvrposo8. The charlly holjs End•Mnt Funds whkh are expBThJabla and wknadly for Incc#mè 98llgr8tion. 11 has 8rfsen from tha tr8nsfor o( Investments and IKltal from the e8t8le of the 18le MBS E Prke Parry. Monies are Inve¥ted by thè Iru¥lees into 8h8rehokliThJs. The eKrend8 endthvmert fund incre83es or decreases in line with the inve3lmenl valuation. Transfers from Ihe end0ent fvnd are carrd out as necessary by the tntslees. Intom• Incorne is r8o)gnisÉd when t charity 981ty eTrti1d to il after any performance condiikjns have been met, Ihe amounts can b8 measured rdiabty and prObae Ih81 IrKom8 be recefv&J. Cash donations are recognised on rpt. Oth8r thjnalions S recognised onca charity has t*Èr) notir19d ol thè don8lv)n, unless P8rfomianc¥ ¢xmditions r8quir8 deferral of Iha amounl. Inwrne Tax recoverablè In rèlation to don8tK)ns Twi¥ed uThler Gift Ahy or dethys of covenant Is Tecognlsed at the time of the don81ion.
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prlee Parry Charltsble Trust AOunt8 forthe yèar èndtd 30 September 2023 Notes to Accounts Leg8eie5 are rècognised on receipl or 01heI$9 rf the charity has been noilfied of an ImpendlNJ distribution, Ihe amount Is known and recet)l is exFecled. 11 amount Is not knovm, 18g8cy 18 treated as a contlThJenl asset. All divld8nd Incom$ IJ net aThJ Indth lax dluced only then ii Is fepayabl8 to the charlty. Expendltur• Expenditurè k Yecognlsed Ilw i¥ ¥ lyl or constructive oblb3al¥)n for whh f( Li rnore likely than not that a transfer ol economi¢ tnefit t requlred Settmen1 aThJ th8 amount can bè reuabty measured as at th8 r8PC¥tlng date. constnxlfve oblIg8On 8xlsts whefy thè ch8rfty ha8 communlcated the commilment lo provbd$ fundlNJ to the r8dwnt by the r¢FrfJrting d81è 8nd therè are no condltions 8t18chod lo Ils payment fallity due ofter the rep)rlwwJ date. Provl8lon8 for Ilabllitk88 rnU81 rwnlsed then glthr tho tknlivJ gmount tsf future expenditur• fequlrad lo setlle the obligalion Is unc•rt8in. or dbStsThJuish¢d sèparatety on lh• balance sh¥at. If a Iransfgr of restsur Is no bJrwJer requwod. prwsions aro r8vor80d and charged io the SOF Gov•rnanc• costs Governancg cos18 are those Incurr•d In rnlatlM lo Ihg 98ner81 runnlng ol the Ch8rfty, Includlng a¢tlvlkn89 thal allow thè Ch8rf¢y to operate gnd gthTate the kntsm8tb)n requ¥ for publ acwunl8bilrty. They arè nol related to the dlre¢t managemont lunctkn. These costs ilUde aCcourthy. •xaminalh)n 8n¢J legal fa&s, together th costs of trusl8es' mgtlngs. Th8y ar• atlthlablo to th• ¢opI181 and thtr in¢orn¥ of the fund 8ccordlng lo th8 nalure of the &xpon80 In¢uff&l. costs recognW on on occ¥u818 ba818, belng Inelud8d when Iho118trJlty hos been Incuffed 88 81 the ¥let date. Valuatlon ol Inv••tm•nts Investmants hekl In fvnd in¢bJded at Ilir markst v8KJe as foVow8'. lal Llsled 8o¢uriIIo8 are valued at the mkj rna81 v8lu& rullng at the b81erKe 8heet date. Ibl Llsted securllles held In lorekjn wrrencs he be8n valued at the mK1 Ma&t v8luo and tran$l8t¢d Inlo thelr sterflng equlvalents at Ihe rntos rulkng at ts balanc sheèt d81•. {cl Gllts are valugd at the mid markel value ruling at Ihe Balance Sheel date and hKJdo knt8Tesl thal ha8 accru up lo Ihal date. Invgstmgnlg 8f• ¢1088Nl8d 0$ 8 Ilx•d a98 oxc•pt WWI ¢s8111ed 08 0 ¢uThenl asset %ther8 the Intentlon ol the Tru8lee8181o di8poBo oflh¥ 8Jset noi rebnve¥t the wwe•Js. Otr rncognl8•d Galn• •nd Lo88•8 Reali88d gelns and kjssès on invesbnenls are cakula¢8d a¥ Ilp (thfference tetsveen sa$ prcKeedB and t11 market value at tho slart ol Ihe year, or Ihow wb8equent cost and are tharged or credlted to the Staiemanl ol Flnancial Ac1witS in the year ol disposal. Unrealised galns and losses iepresenl the movemèrt in m8rk•l values duftng the ypar and are credlted or th8rggd to thè Stalèment of FinanrAal Adivit$ resvtting from revaluing investments to m8d(el value at the Balancg Sheet date. Taxatlon The charity is nol lièble to Inco or caprtal gains IAX (M) its th81il8trAe 8thiitRs. Irrecoverable VAT Is licluded in asset c05t or the expense to whKh il reknles. Cash and cash oqufvahnts Cash at bgnk and In hand Is h8kJ to meet 3hort-torm cash commitmènts J8 Ihey f811 due rather Ihan for investment purposes. Cash and &*sh UNaThts includè (ssh in hand, deposits hebj al call with banks, other short-term IKIUKI investments with oTwJin81 maturit5 of Ihree rnonths or less aThY bank overdrafis. Pap io
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 .Prlce Pofry Charltablo Trust Accounts for the ygar end 30 S•pt•mb•r 2023 Note$ to tha Accounts Flnanclal Instrum•nts Tha charlly has elected lo apY the pron$ of SedK)n 11 'BasK FinarKial Instruments, 8nd Sectlon 12 'Olhor FlnAn¢l81 Instnbmentg Issues. of FRS 102 to all of its finanri81 inslwments. Financ1 inslwmenls are Teccgni8ed In ths chgrtls balance sheel th8 ¢harlty bec89 party io the ntraclu81 provislons of Ihe instrument. Flnancial aB8ets and li8b4111iès offset. the nel amounts presenled irt thè financlal statem8nt5, when there Is o allY enlorceabb rwJht to set off tha recognwd amoun18 and there IB 8n In¢ènlK)n lo Sètt on a nol ba$l$ or lo reallse Ihe asset and settle lh8 liability 8imullan8ousty. Baslc Ilnanclal a$sgts Baslc flnonclal asse18, IndJIng trado olMr racdvabl88. and bank balance¥ Invastments In comm8r¢l81 p8wr or8 Inftlally recognhed at tran8BCtlon th. Such assets are 6ubs8quenUy carrbd at th• amortL4ed cost u8lNJ U)0 effeclfve Int8reBt rnelhod, knp8lnnent. Flnandal assets clas8ed recelvable within one year ate not ¥rnortistd. Olher ftn8n¢l81 assèts. Includlng equmy Instrunnts whl¢h ¥r8 rot 8ubslJlgrl•s. asated or lolnl venlui•8, are Inlllally rn888ured 81 value wlth 8ub88qu6nt changes in value In the SOFA. 8ale Ilnanelal Ilabllltl•s Baslc financial 118bllitl&s. Indudlr4J IJ8 ar¥J olher pay8ts th1 partkrys A InlilaNy recognised Iransactlon price unless Ihe orngngamant consUtul8s a flnondng tr8nsxtb)n. whr• th8 d•bl lThslrum8nt Is meo8ured at the pSent valu8 ol the fvlufe dhcounted at a market rale ol Inleresl. Such 118bllSlb8 are 8ubs8quently masured al 8morti8ed cost u¥inp th¢ 9ffact• Inl8s1 meth¢>J. Flnand81 liablllllgy ¢18$811d a8 Payab wfthln y•8r 8r8 not 8mortlsed. C•n¢•llatlon olflnancl•l Ilabllftl•• Flnandal IlablllV08 arg d•r8ccJn15&J the dwrlV8 c¢nlrndual oatIOn8 explre or are dlBcharged or cancelled. 3 Crltlcal a¢¢ountlng è8tlmat•s and Judg•m•nts In the applic8lB)n ol the eh8riWs accounttng [8. th8 Trust foqulrgd to make IvdgementB, è81kn8l•s gnd 8ssumpll)ns ab¢xrt I ¢8nwng 8nMwnl of assets and li8billls th81 are not kdlY apparent from oth8f sou$. estim8te8 and assoa8t assumplions are based on experlence and olhgr factors th8t are g)nslJered lo be ffjknnl. Actual results may dlffer frC these estlmates. The ¢stim8tes And undertylng &wrnpt1¥ arn on An owlng basis. Revisions 10 8¢¢ounting estlrnates a re¢ognls8d In the perloj In whh the estimate is mised ere the revisSon affects only that perk)d. or In the perknd of Iho rovlgknn and pwlots where the wsion affècts Lw)th currènt and future periods. P•11
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 .Prl¢• Parry Charltabl• Trust Accounts for the year ended 30 Sèpt•rnr 2023 Not•8 to tho Accounts 4 Donatlons and L•gael•s ReBtrlthd R?¥tdcted Income Fund Endowment 2023 2023 Total Fundi 2023 Total Fun 2022 The Bloomberg Foundattsjn Esl8le of P Bk)omb8rg Less Exors fee paid 21.337 481,481 180.(M)O (1.Cth) 482.818 160,OiX) {1.)} 620,481 By deed of appolntrnent, the Tnjstees ofThe Bloomberg Foundatlon resofved Ihat thtr gownlNJ do¢urrnnt ofthe Found8llon be read and ¢¢>n81ru8d 88 1111 provkJ8d tha Trust$ ol tho Charlty shall b8 the Tru81e8s of the Price Pary charblab Tiusl. Accordlngly, the Tru8tees of The Brg Fjndatknn ts8n6ferrèd 811 proF¢rty of Ihe Foundatbn to th• Tru8¢se8 Of Prf¢¢ P8rry Chathabkn TN$l. Tho no18ssets Arè to b• h8kl as Reslrkaed FuThJs. knMI the Bk0)ts9 S¢knkgr3hlpB, and as a 8ulAund tsfth• Prfc• Parry Ch¥rltsbb TNSI. By deed of vorL8tlon, the estate of Ph11$ Bk thnated fuThJ8 to tho Bknmborg Foundgllon. lo be hgbj 98 Bbomberg. Scholarshlp fund$ thIn Prk¢ Parry Charly- 5 Im1lM•nt Incoffl• Unr•$trbet•d R•strlet•d Fund• Incorn• Fund 2023 2023 Total Fund• 2023 Total Fund8 2022 UK Equths Unrt Trusl IncAY Unlt Tw$1 Int¢wl Flxed Intere81 Oversea8 Ml-r8e1aIMSb1è t8x daduthd at 8ow¢ Bank Interest 1.374 1,039 34.178 9.889 1,739 1,815 11.882 11.4151 2,14S 40.212 8.595 1.561 1.815 19.380 11.1871 110 8.830 1.739 1.815 11.176 {1.3601 1.981 1551 6 RJl•lng fvnd• Exp•ndabl• R•strlct•d End••nt Endowm•nt 2023 2023 Total Funds 2023 Total Funds 2022 Inv08tm8nt Marsagernenl fe•s 7 Charltabl• actlvltl•s unr•¥trIct RtrIcI•d Funds Incom• Fund 2023 2023 Tot•1 Funds 2023 Totsl Funds 2022 Grants made to orgAnlsatkJns Support 8nd administrati)n cthAts Govemanc8 Cost¥ (note 81 59,036 13.5Crf) 72,536 4,440 4,C60 47, T30 4,230 4,452 750 Total Charhab* 67.536 13.5 81.036 Fumlisl ofgrnnls mèd8 to 12
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prlce Parry CharItab Trust Accounts for the year ended 30 Septernber 2023 Notès to th• Accounts lJnre$trletgd Rèslrlct•d Funds Income Fund 2023 2023 Total Funds 2023 641h Blrt(enhead Sea Group Calhollc Bllnd Instilute Charlolte's 8rfghtslde Cruse Ber8&vemenl Suppryt DEC Earthquake Appeal Freedom Chtsreh Hand1¢8pped Group Imaglne If Trus1 LlveTFKJoI Care8 Mersey Counselllng and Thernpy Centso Nèuromuscular Cenlrè Rgadlng List Foundal Re-Engage Lld Sense St Georg8'8 Hub Ykld8 Unlverstty of Lfvèrpool 3,800 4.ry)0 3.800 4,000 6,000 3.000 5.000 2,5CX) 5,000 5.000 5,000 2,000 1,000 2.000 3.500 2,736 s,000 3,SOO 13,500 5.orAI 2.500 1,0 2.0Tr) 3.500 2.736 13.5CJ 59,036 13.500 'Rtl8ted party Ir8ns8¢tkffl - eee note 16 8 GoV•rn•n costs Unr•8trfct Fund• 2023 R•8trlct•d Fund• 2023 Total Funds 2023 Tofal Funds 2022 A¢¢ounl8ncy fea Independent Ex8mlnalkJn fe88 IBWM AcUnftt8I Lagal 186 2.410 1,650 2,410 1.800 2,340 7.650 462 9 R•munoratlon #nd Other Infonntkni The charY h86 no empW83 and non8 of the Trustees rKefv•J any remunerath)n of were relmbursad exnSeS during the perlod (£0 during the p8rh)d ended 30th Septemter 20221.
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 . Prlcè Parry Charltablfr Trust Account8 forth• •rtdod 30 Septembgr 2023 Not•s to the Accounts 10 Inv•stm•nt8 Valvè at Addrfh)n8 3010912022 18m7r2023 Real Unreallsed Value at wcwd8 Galnsllk)ssesl Galnsllloss&81 30109r2023 al cosl Llst8d.' Equlty & InceA Over8886 UK Bond8 T95.fj61 52qTIO 11,077 {37,X6) 54,K17 827,787 15281 528,183 2.873 70,561 57,252 1,426.531 1.392,059 11.078 137.3C61 3,448 Bloombgry Scholarshlp EqullLes and Income 162.801 297,W1 459,6W2 {4.1)071 615 14.6221 158.594 296 455 455,049 7,853 17,7841 52 630 1861 580 11 Cufr•nt a•••ts- Amount• du• wSthln on• y••r D•btor.' Unrnstrfct•d Fund• 2023 Totsl Fund 2023 Total Funds 2022 Inve8trnent Irorne reLfvab 3.4S3 3.453 3,069 12 Curr•nt Ilabllltl•8: Imount• falSlng du• wlthln on• y••T Unr•Btrlet•d Exwndabl• R•$trletsd R•$trfet•d Fynd• Endowm•nt Incom• Fund Endowm•nt 2023 2023 2023 2023 Tot•1 Fund• 2023 Total Fund• 2022 RA¢hbonw Inv88tm•nl Manogomonl fee R8lhbone8 Tru81 Co Ltd fee8 Independent Examlnallon fee8 Accruol for grants 4,953 17,020 1.650 25.738 3,938 6.570 1.650 8,000 13.420 1,650 12.238 13.sfyj 13 Contlno•nt U•bllhl••- Bloomb•ry Seholor•hlp• The Prlce Parry TruBlees w1 ctjnllnue wilh I1 hedUle agreed ith TnMte88 rAts 8kx)mberg Foundailon aThJ the Unlverslty of LerpOol.. Dat• of comm•nc•m•nt: Octrtr 20fd Eitlm•t•d Award Amount: Mlnimum of £13.Sth) e¥•ry ac8d•m to b& •rKI Jplit lo each stwjent overa 2023124 2024r25 2025r26 P•r T•rni 1,500 1,500 1,500 Student B 4,500 4.500 4.500 4.500 13.500 13.5CQ 13.500 4,500
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 Prleè Parry Charltable Trust Accounts forth• èndod 30 S#pt•mr 2023 Not•8 to tho Accounts 14 Fln•nelal Instrum•nts Unrmtslet Exp•nd•bl• R•strlct•d RtrIcted Fund• Endowmont Incom• Fund Endowm•nt 2023 2023 2023 2023 Totsl Funds 2023 Totsl Funds 2022 Carrylng arnount ol flnanclal a8#•t• Debt in3lrurnents receivable wthin one y - Debtors - Cash 3.453 293.068 3,069 93,423 87,326 17.207 28,185 180,350 ).779 17.207 296 521 Carrylng amount of fln•nelAI Ibabllltl• PayAble wllhln on& y¢•r - cdOr8 In8trum•nt8 M•ured at lalr v•lu• Inv•slm•nl$ •1 val 1426 S31 1881 S80 1392 059 10 Mov•m•nt• b•tn lund• Balanc• at 30mA2 Galns l Balance at ILoJ8•81 30109123 h%om• Exp•ndhur• Exp•ndbl• Endowm•nts Inveslmènl$ 1.394.348 114.TT8) 80.700 1.440,270 Unr•8lrfctod fund•: Gèneral funds 74.045 (87.W) 63,473 Re•trlcted fund•'. Bloomberg Scholar8hlp Incomg Endowmenl 24,$8S 820.481 113,$001 11.9451 11,085 813.914 14.8221 Tothl fund8 1 468 393 56 078 2 128742 10 R•lat•d Party Tran•actlon• Thg tru81ees ha lsOnl or otsr krterests kn wthkh aB a result of a declthn made bth8re •n Indlvklu81 may fin8ncfi8lly Of OtheThhls&. alh8f dlracty or Indlroctly. In order to mplY wlth Ihelr dutle3, the Iru8tee8 confilm the person 8ffect•J doe8 r1 t8k& p9rt In 8ny d18cu8sb)n8 relgllng to the Issu8 concemed olher than io clartfy fpth. No 8mount8 18 rec•lN*d ty the dthy from relabj path duthJ the year ended to 30th September 2023 or tha prsvlous flnandgl y88r. J8ne Rlchards thLqred her Internst as Tnth8 of 64th Sea Sc(th durfThJ the year. granl Indutsj kn nole 7. There have en no othw r•lattd p81ty trans•JkTh thJthJ the year ended 30th Sepiember 2023 or the previou$ fln8ndal year. 15
DOcusn Envelope ID.. C7D2A947£88C4C7&BfjAB-02E18F31D6D2 .i>rfc• Parry Charltsbl• Trust A¢¢ounts for th• y•ar •nd•d 30 S•pt•mb•r 2023 Not•8 to thg Arxount• 17 Comparatlv• Stat•m•nt olfln•n¢lal •thStS•• expendoblg Unre$trlcied Endowm•nt Fund• 2022 2022 Total Funds 2022 Incom• and Endowm•nts from: Invostmonts 70.4e6 70,486 Totsl Incom• and Endowrn•nt• Expèndltufe on.. Ralsing funds Charflabl8 actmt 18.188 16,186 51.162 51.182 Totsl Expondltur• Net galn8 11kn88881 on Invo8trris 1104.0781 1104.078 Net movgm•nt In fvnd• 1120.2841 19,304 {100.9801 R•concllltlon ollund• Balan¢• kyoughl forw8rd 1,514,612 54,741 I,9,353 8al•nc• c•rrl•d fonv•rd 1488 393 P4 18
DocA1g C•rtifi¢ale 01 COMptiOn Envelopè Id.. C7D2A947CB8C4C78B6AB02E18F31D6D2 Subject.. Comple".e wlh CKKuSi9n'. p Pdrry Chanlable Twst- Sqknkner2023 Sour( Env81ope' t)OGumem Pages 18 Ctrtiftait P8ues. 3 AutoNav.' Enatled Envdotsd stampin9. En8bled Time Zone. IUTCI Dubln, Edintxjrgh, L%, London sta8.. Cwlèied SyW.U 1 kniiaL> O EnvebpB Chlatr Jay Norris 8 FliryCl5 L(rf, Europe EC2M 7A2 Jamg&Norns@raIhbon8s.rrn IPAddie86.' 194.15.48126 ROrd Tr4¢king Slaius Orvjinal 28 July 2024109.22 Hdder. Jay Norr Jam•s.Ntrr' L(xztK)n." DSign Slgner Events Slgnatur• Tlme8tamp Sent. 26 July 2024109."36 Viewed. 29 JLIY 20241- ..43 Sd. 29 My 2024112.05 An1 Mason Anits.rn@bwm.cthuk Sè¢udly Lavel. Emall. Attouni Authenikliknn (None), Auihenucaiion Si9na.'uro Awon" ProwWcd Stylc U61w IPA(k966'. 157231.246.138 Auth•ntl¢ition O•t•il¥ ¥MS Aulh. Trtsn3a¢iion.' Y0337Sa4O2d402d484&L3&27&1d866 R68uII-. p88sttd Vendor ID,. TdeSI TypP..'.8m8Ilh Perfotmad.. 29 July 2024111..42 Ph 7974 3CC653 El•¢tronl¢ R•¢ord and $lgnalui• C4•¢kg•ur•: AKcplcd.. 29 July 2924111.43 ID.. $98e7d4tr8360419d-b21S4a49c4453bJ In P•r#on Slgn•r Ev•nts SlgMtur• Tlm•¥tmp Edltor D•llvèry Ev•nt$ Staty• Tknéstamp Agent Dellvery Events Tknestamp Int•mi•dlary D•llv•ry Ev•nts Staths Tlm•stamp Certlfied Dollv•ry Events Statuj Tlmestamp Corbon Copy Ev•nts St•ty$ Tkn•stsmp witney$ Events Slgnatur• Tkntytmp Notsry Events Slgnatu Tlm•st•mp Env0P¢ Summary Ev•nts EnvdwB Senl ertifJ D1veO Signing Comklgte CoryA•t8d Statss Tkn?stamps 26 July 2024109.36 29 2024111.43 29 Juty2024112"05 29Juty 2024112'.05 HashedEncrypted Se¢urityche¢ked SecurityCheL*ed
Payment Events Electr4Jnic Record and Signature Disclosure Tmnestamps
E16¢twi¢ Re(yyd &gnatU Disclosuie ¢reweo fv.. 01 t)vwn202l1ls'.25 Partlèaayyeed io.. Anita Mason ELECTRONIC RECORD AND SICNATURE DISCLOSURE (ERSD) Please read the informaiion l01V carefully and thoroughly, and if you can access this infornii( li()n ¢lLYtroni¢alls' 10 j'our 4alisfaciion and agree tn (his El¢ctn)nic Recnrd and Signaiure isclosure (F.RSnl, please confim) your aoreemeni by seleciine ihe check-Lv)x nexi io '1 agree to use electronic records and sign#tures' before clicking 'CONTINUE' within the DocuSi¥n sys(em. Data y()u Submit Rathb(Ines via DncuSi8n and c()mpleled documeni.s .111 be hLld wiihiii RklthbonLS sy%(Lms iii linL with UK and Jer5Ly fLSPL'Ltiv¢ {JppliLablL to Raihbon¢ Ini'esim¢nt Management Inlernaiionall Daia Proiection lei41allOn and Raihbones corporate rel¢n(ion policy. On¢L .qigned, Lompllicd doiumcnL% will bc acccssiblc for a limitcd pcriod within Docusibyn, these reiord_% ,111 be delet¢d afier 120 days- should you wish to relain your signed doiuinents for refer¢nL¢. IT is possible for you to do1.nI03d them io vour preferred slorabTe IoLaiion. holl'ever as completed documenis may contain Personally Idenlifiable Infornution (Plll you should XLfcisL Laution whcn doing so. The minimum s}'stcm requirements fi)r u%ii)¥ ihe DIKu8ign sysiem may chane over time. The curreni %)'stcm rcquircmentq are found here: hit .q'.li.qu rt.dncusi .coml idL.81qi Icr- idc- nin ILm-rL uirLmcnts. 'I'hi$ Communication is to be tredied as c(bnfidential and the informatiDn in it mg), nDt he used or di4clDsed except for the purpose for which it has been i&qued. If you h4ve received It l>y mistake please let us know. and delete it from your system. Rathbone Invcstmcni Management Limited is auihori%ed by ihc Prudcnlial Rcgu121ton Auihoriiy {PRAI lind r¢gvulul¢d bv Ihe Financiul Conduci Auil)orily IFCAI aii(I the Prudenliul RegulaLIOII AuihLirily. FCA Relerenie number.. 116316. RathbonLs Group PIL- InLorporai¢d and rcgi51crcd in Enbilond and Walcs. Rcgvistcrcd OtTILL.' 8 Finsbury Circus, London EC2M 7AZ. Rc¥islLrcd numbcr: O l O(M)403. Ratlibune Investment Mana¥effleni Inlernalional - Ruihbone Ini'eslnient Munagenienl International Limiled is nol regulaied by the Financial CondLicI Authority or ihe Prudenrial RLgTulation Authority in Ihc UK. nor 5ubjcct to thc provision5 of rhl UK Financial SLfvicLS and MarkLI.s Ait ?000. Thc fiiiancial ScrvicLS Act 201 * and thc prolcitioiis atlordLd by thosc Acts. Rdthbonc InvLStmLnt Managctncn¢ Inlcrnalional Limitcd is rcgulalcd by ihc Jcr5cy TrinanLial Scrviccs Commission. Fnr further infnrm2tinn Rathbnll Ciroup PIC and it8 $ub$idiarie* refer t www.rathbone5.¢0m.