Price Pary Charitabl¢ Trust Charity Regislrabon Number. 1178567 Unaudlted Accounts for the year ended 30th September 2024 Off ice Copy
Prlce Parry Charltable Trust Accounts for the year ended 30 September 2024 Index Pag• 1-5 Tru5tees' Annual Report Independent Examins Rewrt Statement of Financial Acbviis BaL4nce Sheet 9-16 Notes to Ihe Accourrts {indudirKJ Accounting Policles)
Prlcg Parry Charltable Trtffjl Accounts for the year ended 30 September 2024 Tr190$, Annual Roport The Twstees have pkasure in submitting thr Annua ReFXJt Finla1 Statements for the year end1 30 Septber 2024. ObJ•ctlv6s and actlvltlos of tho Charity The Tnjstees hold tho capital and incCe of Ihe Charity from which they may make donations for such d)arltable organisations in such manner and in such pr0pCrti as they in their absolute discretion dlde. With consideration of the settbff s wtshes bul without prejUde to the generality of the foregoiry, the Trustees CUrrllY gNe prefèren¢e to providing fundirvJ f( causes trenefitting the Wirral aThJ LNerpocl area with the followiry wholly charitable wrpxes: The disathantaged, through community projects Sccial nwJ$, particulaty for Hosyces and Chihjren Alknalion of p)verty Support ofvarious m&Jicd f[ds, p8rticulaty MS, Epiwy. Blir¥Jrws arKI the Deaf Hdp for the aged The enrQnMerrt, extlJ1 to IrKIe w(wie natwal disasters The Trustees have c¢Jnplied wth Ihe duty in s17(5} of the Charities Act 2011 to have due regard to the Charity Cclnmission's Public Benefit gUIdae when exerclsirKJ any relevant rYhErs or dUts. Restricted funds. knn as the Bkxjmterg S¢trthrships, are held to award scmarships to Stlents of University of liverpcDI. The number of Stlents and amounts avarded rtrnain at the Trustee's discretion after reviewng available In(me Funds year. Achievements and pèrfomianco The Trustees contin1 io focus on increasing awareness of the trust building relali0 with loGal voluntary service8 in the Wirral and liverprx)l areas. The Trustees received a number of applications for funding. The Trustees were pleas&d to rescAve to ma(e a number of grants which are detaibj in the notes to these accounts. Blfy)mbe Schc4arshi The Price Parry Trustees will conlinue with the $Chule with Universty (rf LNerpwl'. Dale of commencement October 2023 E81imaled Award Arnounl.. Minimum of £13,5CKI evpAy xmic year to be pad and split lo each student over a 3 year Cyc. 2023r24 2024125 2025126 Per Term Student A student B Student G 4.500 4,500 4.500 4,5 4,500 4,5C 1,5C(I 1,5j 1,5C 13.5 13,5C 13,500 4,5C
Prico Parry Charltable Tnmt Accounts for tho year ended 30 Septnber 2024 Trust••s' Annual Rgport Investment erfo The perfomiance of the fvnd is MltO[ed against a beS[e benchmark by the Trustees annually. The Investmenl Manw pmwdes wul reF¥yts to th8 trt. who rEv the w[MCe of the portfolio. The Trustees are satisfi&J with the investrnent pwfornH)ce. The Trust are in the prc¢ess of updatiNJ the Policy Statement, folluwing the recapt of Blot>mterg hoL8rship fvnds. which will be refered vA)en future reviews are Caled out Flnanclal Revlaw Endowment Funds are exFdable and hdd to gwate a Str of income frcm whrh grants wll be madè. IroMe generaled frcTh investments totalfed £76.621 duriTrJ the (£58,L%7 in 20231 and £20,131 {£16,723 in 20231 was spent raising funds. Grants were tAedged and v4Mrded duriThJ the year in the sum of £e8.470 £72.536 in 2023) and £15,9701 £8,SW in 2(Y231 was spgnl on supwt, g0veMa and offKe costs. The SOFA includes the net gains l (losses} arising on rEvaluations and disposas of investments througlK)Ut the year. Durlng the year, net gains of £178,640 (net gains of W,078 in 20231 arose. There was a net Incr in lotal funds the year of £152.226. The Trust held Expendable Endowment FuThJs of£1.591,525 {£1,440,270 in 2023) primarily represented by investments, and Unrestricted Funds of £2,422 (£63.473 in 2023), mainly wresented by incctme cash. The Restricted Funds of income loled £16,053 represented by cash aThJ Endowment of £870,968 mn represented by investments. Total Funds held as 8t 30 Sepknber 2024 were £2,2PiJ,968 {£2,128,742- 20231. The Trustees are satisfied they have suffK>enl funds to mt v•ith their ongoing objive5 and will continue lo rUlarty review the position. ReseNes'. General reseNes are Unrestrict In¢ome furKls. freely awdilable to SP on lurlhering the Charitys purposes. General reserves are those which raIn after the Trustees have set asi¢k arnunts required for specific wrposes, such as designated tsS. Restricted Funds, ExpeIe EThjC•Mnt and Permanent Endowment 8Je excluded when Trustees consider Reserves OF a Charity. 11 is not the intention of the Trustees lo build up inc(The reserves. The Trustees liaise wtth the investment anager regularty lo ensure they are aware of any f(xward rMMItMents, whh are then taken into a¢¢ount when managing the Charty's investments. Transfefs are made between Unrestricted Inccme and Expendable EtKlowment as esSary. Accordir¥Jly. the Trustees n81 Ihe balarKX of Unrestricted Inccffie Funds hdd at the financial year-end to be General ReseFves. Investmen emenl.. The Trust's wital is invested in marketable invesknrts C FEld in cash. There are no sp[fiC re8trlcllons under the terms of the wverning documenl. The Trustees have full discretion over the investments. The Trustees have delegated full di8cran day to day control of Ihe investsnents to RathL¥)nes Investment Management.
Prlce Parry Charftable Trust Accounts for tho yoar onded 30 Septfftnbor 2024 Trustg98' Annual Report Investments keen wuired a1 disE¥)l of in &(¥)rd8nce with Ihe avai18tle to the Trustees. The Trustees have agreed w(£h the Investrnent Maryager the cjectNes to $u a Tffasonfe grrth in income consllstent with the long twm preservation of capital re terms. InVestMt disiO should te made based on views of the prudent person In aCCordce with the starbjard investment criteria relating to suitability and diversification. The Trustees wish to ensure that the objecllves ouNiwJ are hed wth an xceptable risk. This implies Ihe need kn diversifi¢ab'on of investment of the Trust to inclLbJe a range of assets induding fixed interest slixks, UK and overseas shafts. Imie8tments comprise hc4dings in UK large ov&rseas listed Comples, ut and investment tru8ts including those investing in major international markets aNJ also fved interest ritIeS. The portfolio may therefore irKlude a prOportic of medium-s¢&J cf smaller UK eLThp1es and have exF¥)sure to international markets. Structur•, Governance and Managgmgnt The Price Parry Charitable Trust (registration no.. 117856n is an unirw>oraled granl-mthng trust. rts goveming body are the Trustees of a Will dated 30th OdrA)8r 1995. ¥thich was proveoJ by the ExeculLY5 On 4th January 2017. The kY)wer of appointing new Trustees is vested in the then CUTrenl TnJ$tees. Trustees are selected due to their connection th the Current Trustees in a(XOTdance with their sknlls, eXpern a1 understanding of obligation5 imposed on SLrh appintment. The Trustee8 meet a year lo revi&v FerformarKe and applKatMJ)s fvrKling. During the year under financial review, the Trustees met wrtualty and by nferee call lo discuss applicatior for funding rerAved and othet governance matters, in¢lLvJiThJ a rleW of the CIwilS inveslment asset perft)rmance and position. The Trustees ensu they are operating the current gu#lelines by discussing any matters arlsing fvom updated Charity Cornmissi practi and guidelines and. abng wrth their (ywn readiThJ. they take advice from RathtneS Trust Ctsmpany Ltd. The Trusvs caprtal Is mainly invest&J on st¢xk markets. As the Trt[st have unrestrict&J powers of investment under the eming deed, the Tnjslees have resolved to delegate th8 day to day management Oft1 Trust's Funds lo Rathbones Inveslment mantt Ltd. By deed of app(Mntrnent dated 18th Juty 2023. the Trustees of The Bloomberg FoUt $01Ved that tho Governing Do(Ment of the Foundation be read and cortstru&J as rf il provid&J that the Trustees of the Charity shall be the Trustees of the Price Parry Charite Tn&8t. The Tnjstees trdnsferrèj al propety of the Foundation to Price Parry, as detailed in note 4 to the accwnts. The Trustees are ta hold the Restrthl fuTrSs as Expendat4e Endtrhment to generate an income to be applied to award the BlcL)mberg Scharsh&
Price Parry Charltable Trubt Accounts for thg year ended 30 Septemr 2024 Tru8tees' Annual Report The University of LNerpcd will be resFutsible for IdtifyIng students wh) meet the critwia 8et out by the Trustees, the identifi individuals musl be in ncLaI need residents of the Wirral or Merseyside should be glven priority before awarding grants lo indiMdua15 outside Ihe catohmenl area. The value and number of scholarships awarded each year is at the discretK)n of the TnJsts but shall trE restricted to undwgraduates or grajuates who are sludyiro at the University of at the time they aFpty for Sn wd. Flsk assessmen '. The Charty Truslees have gwen consideration to the major risks to which the Charity is exposed and are prepariro a Risk Assessment and Policy dc¢ument. The Trustees are satisfied that systems or prccedures have been estat4i5h&l in order to manage those risks. After f#)nser1ng the areas of gcvemance. erat, finance, environment and complianc£ the Tm5tees hav8 Klentffied that major native fltKlualions in investment assets could caus6 a material risk to the Chariws funds. In order lo mitigate this risk and in accordance with $15 Trustee Act 201x1 the Trustees have established a Policy Statement lo be adhered to by the Investrnent Manager, which will be reviewed at st once a year in line wilh irNeslment pthrm8nce. Rd8rnnc8 and Admini8tratlon detal Ro3iSter&J No: 1178S87 Principal Offic8'. Rathbc*s Investrnent Managemen( Port of Liverp(KA Building. LiverFooI. L3 1 NW Trustees who serveA during the year and in post when the ert approved: Bemard Kenny {Chaimi} Andrew Jone5 Lesley Jane Richard5 Accountancy.. Ralhtrfjnes Trust Compaw Limit&l, PL¥t of Lwerpc(4 Building. LiverpD)I, L3 1 NW Irxleperbjent EnIner. Anita Mason BA IHons) 8FP FCA- Mitchell Chartesworth Suites C. D, E, F, 141h FILKJr. The Pla7a, 100 Okj Hall Street, Liverpool, L3 9QJ Bankers & Invesknent ManaJers Rathlxjnes Investment Mana3 Limit, Port of Lwe[p1 Building, Pier Head. LlverpxKA L3 1NW Plans for tho future The Tw$tees aim to expand disS1n8t10n the Trust to incmse requests fc¢ furxling. The Trustees continue to tlId rdations wilh vduntary WV1 in the areas ofwirrsl and Liverpcd by maintaining communication lo encourage apFAicaticTh forfundirYJ. The Trustees o)ntinue to be mindful of fvnth'ng required to ease financral difficulties affecting so many individuals.
Prleè Parry Charitable Trust Accounts for the ygar ended 30 September 2024 Trustees, Annual Report Trustees, Responsibilities The Trustee5 are responsible for preparing the Trustees, Annual Report and Financial Slalemenl in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Praclicel. The12w applicable lo charities in England and Wales requires the Trustees lo prepare financial slalemen15 for each financial year which give a true and fair view of the slate of affairs of the Charity and ils income and application of reSOurS for that year. In preparing these accounts, the Trustees are required to". select suitable accounting polices and then apply them consistently", observe the methods and principles in the Charities SORP IFRS 102}', make judgements and eslimales that are reasonable and prudent., slate whether applicable UK accounting standards IFRS1021 have been followed, subject to any material departures disclosed and explained in the financial slatemenls., and prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounb'ng records that are sufficient lo show and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure the financial slalemenls comply with the Charities Act 2011, the Charity IAccounls and Reports) RulatiOnS 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assèts of the Charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. Declaration The Trustees declare that they have approved the Trustees, report above. As agreed and slgne on behalf of the Trustees on Bornard Kenny Chairman P896 S
Pricg Parry Charltable Trust Accounts for the year ended 30 September 2024 Independent ExamineP• Report Independent oxamlnets reportto the Trustee8 01 the Prko Parry Charitable Trust I report to the trustees on my oxamination Of the a¢o)unts of Ihe atThp charity Clhe Tru8f) for the perd ded 30th September 2024, lch are Set (Krt on pw 7 to 16. Th1$ rèp)rt Is made solely to the charis tJustees. a5 a ty. in rdance with Sedi)n 145 of the Charities Act 2011. My 8xamination ha8 been undertaken so Ihat I might slate to the tharitys trustees Iht)5e matters l am required lo state to them Sn on Independent EXamineS re1 and for no oth8r purrx)se. To the fullest extent pemitted by law, I do not accept or assume reSp1lIty to anyone other than the charity and the charty's tsustees as a body, for my examination. for this repor( or for the ¢)pinions I have formed. Responslbllltle8 and ba818 of report AS the charivs trustees. you are reswnsfole forthe preparatDn of the xoxtnts in xcordance wrth the uirements of the Charities Act 2011 Cyhe Acr). I report in respect of my examlnation of the Tru$ ants carried out under Son 145 of the 2011 Act and in caffwng out my examination, I have followed all the aF¢)lICab Directions given by tt)e Charity Commission under sedon 145151{bl of the Act. Independent èxaminevs ¥tatomont Your ottenlion is dra to the fact that the charity has prepared ffinancial statements in accordartrce with Acccrtjnting and Reporting by Charities preparirKd their a¢¢ounts in accordan bwth the Financial Reporting standard applicable in the UK and Rq)ublic of Ireknd {FRS 102) in preference lo the AcUntIng and Reporting by Charrbes.. Statement of Recommended Practice issued on 1 Aw'l 21]05 which 18 referr to in the extant regulations but has been wthdrawn. l understand that this has teen done in order frx finanaal statements to provide a true and fair Mew in accordance with Generally Accepted AcL)Junting Practice eff&ti for reporbng F¢fiods beginning on or aft 1 January 2015. I have completed my examination. l (rjnfiryn that no mat8fTal matt5 have (x)me to my attention in connection ith th8 examination which ylve8 me cause to belleve Ihat In any material respec.' the accountTrng records were not k8Pt in arxXjrdanE With SectK 130 of the Charities Act, or the accounts did not accord with the a¢xounting reL¥Jrds. or the accounts did not comply the applicable requirements Conrning the fom and contenl of accounts $et out in the Charities (Accounls and Reports) RUlationS 2008 other than any requirements that the unts give a'th and fairf which is noi a matter consid2rEA as part of an indendnt examinakn. I have concerns and hgve come across other Tnatters in u)nnectTon with th8 examination to which attentM)n Shou be drawn in this report in order to enable a proper understandirvd of the accounts to be reached. Anits Mason BA (Hons) BFP FCA- Mltchell Charle8WOrth Suite8 C. D. E. F, 14th Fthr, The Plaza. 100 Old HJI Stree( Liverpool, L3 9QJ Pgge 6
Price Parry Charttable Trust Ac¢ounls for theyear endod 30 Septemt*r 2024 Stat8fflent ol financial activlties Unre5trict8d Expendable Restricted Restricted Fund5 Endowment Income Fund Endowment 2024 2024 2024 2024 Totsl Funds Total Funds 2023 2024 Notes Income and Endowments from- Donation5 and legae5 Inve5tsnents 641,818 60,212 58.053 20.568 76.621 Total Income and End¢)wments 56,053 20,568 76,621 T02.030 Expondituie on.. Raising fund5 Charitable activities 14.140 6.191 20.331 82.704 16,723 81,036 63.504 19,200 Total Expendfture 63,504 14,140 19,200 6,191 103,035 97.759 Nel gains I Ilossesl on investrnents io 115.395 83.245 178.640 56.078 Transfer between fund5 15 153,8001 50.000 3,600 N8t movernent In funds 161.0511 151.255 4,968 57.054 152,226 660,349 Reconcillation of lund5 Balance brought forward 63,473 1.440.270 11,085 613,914 2,128,742 1,468.393 Balance carrled forwaril 2,422 1,$91,525 16.053 670,968 2,280,968 2.128.742 The note5 on pages 9 10 16 form part of these accounts. A comparatwe Statament of Financial ActivitEs for the financial year ending 30 September 2023 can found in Note 17. Restricted funds tate to funds held relating to The BIooTnberg Foundation. p4F7
Prl¢e Parry Charitable Trust Accounts lor th8 year ended 30 $ept•nber 2024 Balance Sheet at 30 SepteMr 2024 Unr85trict8d Expendable Restrl¢ted Restri¢t8d Funds Endowment In¢ome Fund Endowment 2024 2024 2024 2024 Totsl Funds 2024 Total Funds 2023 Noles Flxed Assets Inve5tsnents at Market Value io 1.580.498 666.260 2,246.758 1,881,580 1,5BO,498 666,260 2,246.758 q,881,580 Current Assets Debto Cash at bank and on d8POSIt 3.462 15.490 1.743 16,010 5,205 52,395 3.453 293,068 14 14,619 6.276 Total Current Asset$ 18.952 14,619 17,753 6,276 57.600 296,521 Llabllltles Creditots." amounts falling due within one year 12 16,530 3,592 1.700 1,5e8 23.3 49.359 Ngt Current Assets I ILlabllltlesl 2,422 11,027 18,053 4,708 34,210 247.162 Total Net Assets at 30 Sèptomber 2024 2,422 1,591,525 16,053 670,968 2,280,968 2.128,742 Funds of the Charlty Total Funds at 30 September 2024 2,422 1,591,525 16,053 670,968 2,280.968 2,q28,742 Restrie fund5 r81ate to funds ld relating to The Bloomberg Foundation. Approved by tho Board of Trtee$ and $ignod on its behalf on E<iZ C Bernard Kenny Chlrman The notes on pages 9 to 16 fom part of these a¢¢ounts. PuBpe
Prlco Parry Charftable Trust
Accounts for the yoar ond8d 30 S8pknbor 2024
Notss to tho Account8
I Charfty Inforrnatlo
The Pe Pary Charttable Tr1 Ls ty a Wll daw %)th Octrer 1$ which w88 pfDved by thg
Executors on 4th January 2017 and r1sted n Engw Wa prAlp91 ad¢trs 1$ Port of
Lw¢001 Buding, Pr Head, Verp¢
Prf¢• Pany Charltabl• Trust Ac¢ounts forth• yoar end 30 SeptBrnb8r 21124 Nots8 to A¢U Lgjacies are rwnl8ed on oIFrww rf the carty has be nottfiad of an Trpendin9 dl$lribulion, the amount 19 kno¥m fBLYiF is expd. W the mnt is nol kncMn, thè 18 trsdlèd 0$ a cmentaB88t. I dend incune is retsjrthd n& and iTrJwlgs ta¥djUJ when l 18 Iay tothè tharity. EJpondituv• Exp&nditura L8 vthen th8re a legal or Constructi (ligation tw whth Tt 16 mor8 likely than not that a transf of èCJjn0rn b8n8fft wiu be re1 m SettlneI and th8 amount be ably m8a8ured as at the raporong A coltruth¥8 cbligation exbts We the tharity h88 communicated conyrilrnent to provide to th• r•dFrfènt by th8 rerbn5 dats and the are co10n$ atta¢he(I to its payrnent frdllir¥J rWiTrJ Pmislons br lilibes rnt be rec4)gnknd wtn eIttr the or the anKJunt of fiJtur& ewdhure requir&J to satk Il cbli9at&?n 18 Certain. ato db14ulShed 5warately on tha baknce sh88t. If a transfer cf res(xrn k£ Th) wutrJ, Fon¥ Ir8ed and charged to th8 SOF Gowmancfr StS Governanlx ¢osts aro thosa in ]Blation lo ts eral of the Charty, InCI1r¢ a¢tiVe$ that alDW the Charty to orftrate gerth Infomidion tsquired for tlIC accountabllrty. They ate not rdated to t1 dired rnanaggment These ISts indud• a¢eoJntancy. 8xaminatrJn arKI legal foeg, logether with cx)sts of trus. rrwtirvJs. Th8y are altrityJtb lo the capital and thts Intsjmè of the fund rding t¢ the nthre of the eXpee 1Jrred T1 COBts are recogni5 an accruaL8 basfjs, baing In¢d wn labilty È¢on i[Jr[9d 88 at th8 balance date. Valuation of Inve8tments Inv8strrts held In fund are indLkled atthr market as follM.' (al Listed s8cuWe8 are valued at the m•J rna vahjè ruling atth8 bal8rts sh8et d8t8. (bl Llsied ser#Jrtbes in fc¥8ign currgrn7es have been valued at th& mavket vahjg artd tran8lai8d into th8lr sterllng equivalerrts at the rates Nling at shegt dats. (¢1 Gilts are vau8d atthè mkl nthet yuP nJSrvJ 4tthe BaLn Sheet dats and indujg inter88t that has acerthl lo that dab. IntMentS are das$ifd as a fixed assst exw wtrw da8sifed as 8 1rrent asset whwe the intention of the Trustees Is to di5PO8£ ofthe as8etarnl notnVeSt rrfoceeds. Other r8cognl¥ed GalnB and Los8•5 Rol1 galn5 and k)5se5 on investhRnts are calcaJlaW as the ¢ffisrnncè b8tWe8n 8al&& rc8dE 8nd Ih8¥ market value at the start of year. or tlw sUbw4nI o)st arnl are tharged or eIrted to th8 St8tern8nt of Flneial Activ88 in the rldwal. Unrealis8d gal and losses repres1 mov8m8nt in market valu88 duriro yèar arKI are credited charged to statement of Finandal ALknbes re$titya revr0 investments to marlot value at lh6 Balan Sh88t dat8. Tgxaffion The Charity is not to or 1181 gains on cknarftth aotivblkns. InBc4werabl8 VAT B Induded n the 8ssel cost or expense to it rds. CA8h and cash equival•nt• C88h 8t bJk and in hand haby to mèèt 51bJrt.tWrn 8h r4xrnykn as thèy fall due rther tha for investment Pur585. Cash aNJ cash Ul¥ats indtyjts Cash in harnj, (Wtts held et call ith banks, other 8h)rt-term IiquKI Inv86bwts W[ 91nd Malurli ofthree months or bss bk overdrafts. PJg 10
Pit• Parry CharHablè Tru8t Accounts forth• yo4rgnd8d 30 Septsnknr Nots8 to tho Account8 Hnanelal In8lrumènts The charity has a(thd to th8 11 'Basic Finara Instruments, and Sacuon 12 'Othgr FmancAal Instrum8nb Issu• of FRS 102 lo dl rrf its finanual insirunMts. Flnanclaj in5trum8nts are recryni8ed in tho c8riWs baknc8 the charlty betory pa t¢ th? ntractual wovffjions of ins1N Fin8nci81 a$set5 and liablilies are offset. ith r1 arrKJunt¥ presenbl wi the lknanclal statsM8nts, Nvhèn there is & I811¥ onforrxsbb ri9ht to 8et off the rEcL¥JrwJ ounts 8TrJ there an llenon lo salt1• on n8t basis or lo realSse the asset )d Settb th¢ ¥Ity 5ThUllsty. Ba61¢ #88•ts 8a¥ic financial ass•ts, Induding trad8 cther recdvat4es. cash fftk b#l8nrx8 and invesbneThts In 1xMerCi91 papw InItlty at tran8a(XK)n prKa SUL assets Arè Sub18qn11Y c4rried at the amoruS c05t lThJ the effedive Ytsr8St Irrpainn8nt nan¢HI a55ets dass•d 8$ rwable wtthln or year are not JKthed. èr financial 888ets, iidudlng eqiity irhstrLThenta whK are 6thhJiarf8s. 8saetkgbJ or j(Mnl ventur85, are intsally rnUrad at w#h Butrwuent in rECLyni58d in th8 SOFA BA¥lc financlal Ilabllith 8a8ic financial Ilth'liti8s: inddir0 tr and other wablgs 8nd to3 from third part'6s are Inludly yenisl tran¥acOn price Unl tha arrdrvJThnt rStitUteS a finants transact)ft, Wrg ts debt instrument Is n&ured at the pr¢¥gnt Yalue of the p1S at a market rate of iiterest Suth liabilrfig ara subseouenUy Thea5ur&J al ?morb8ed cost usir¥J the tsffeclNe inr8St 1hr1. Fan¢1 Iobilrfies elassifi 8$ pay88 within Or y8ar ar& not aMarted. CancollatI of ff nan¢lal IlatlIt6•S Fknanclal l1akmlil are derernj then the tharii$ ¢>)ntrual rAJlWKrn exFAre or are th5charged or carKellad. 3 CrltJ¢al aecountlng 08tknale¥ and jm•nts In th8 appli¢ation of charity's am)unting polues. thè TN5 r8quired trj make judggments, stlmatès and a&sp10n$ ab(wA Ihe Cng anrtt assets a1 la)Ilit$ that 8r8 readly apparent from ether 8rxJrw. eslwnaie5 8fKI 8580Lyated a38pti¢S base(l on htrlI1 ew6rw and f8dor8 that ar8 to t reL AthHI re5uts may differ frorn these mates. é¥tirn8t and undeilyorg a59jrnFor are on ow)g basis. R•vision8 accounbr estvnates ar8 rgwgnI8 in the period in thich esbmate B rev vthere Ihe revtslon aff£d8 only that period, or In thè n(j cl tha fiJbj peth vthèrB th& rv4iwon aff both nEnt frjture There wwe cortspJÈtsY to b8 no aOxnI1rj e51imBtes Auth3ne 4p1* in weparnUon of Ih95a ffinan stskrnenl8. 4 tjonatlons and Logac R•#trictsd ReBtrlctsd IncThn• Fund Endowmont 2024 2024 Total Funds 24 Total Funds 2023 Tha Bloothrg FOula10n Estat? of P 00Mbe Les8 Exors fee F1 482,818 160,OL (I,OOOJ 641,818 11
Price Parry Charitable Trust Accounts for th8 year 8nded 30 Septsmber 2024 Notes to the A¢¢ounts By deed of appointment, the Trustees of The Bloomberg Foundation resolved Ibat the governing document ol the Foundation be read and Construed as If rt provided that the Trustees of the Charity Shall be the Trustees of the Price Parry Charitable Trust Accordingly, the Trustees of The BloOMrg Foundation transferred all property of Foundation to tk Trust8e5 of Price Parry Charitabl8 Trust. Th8 net assets are lo be hekl as Restricted Fund$. known as the Bloomberg Scholarships. and as a 3ub-fund of the Pri Parry Charitabl8 Trust. By deed of variation. the estate of Phyllis Bloomberg donated funds to the BIoDmberg Foundation. to be held as Bloomberg. Scholarship fund5 Wlthin Price Parry Charitable Tru8t 5 Investment Income Unrestricted Re$trlcted Fund$ In¢ome Fund 2024 2024 Total Fund$ 2024 Total Funds 2023 UK Equities Unil Trust Incorne Unil Trust Interest Fixed Interest Cy¢erseas Non-reclairnable tax deducted at 50urc8 Bank Interest 32,200 1,943 9,030 1,901 9,345 11,3811 3,015 10,111 2,938 307 25 6,640 18261 1,373 42.311 4,881 9,337 1,926 15,985 12,2071 4,388 34,778 9,869 1, 739 1,815 11,882 (1,415) 2. 145 56,053 20,$68 76,621 60.212 6 Rai8ing fund8 Expendable Restricted Endowrnent Endowrnent Totsl Funds 2024 Total Funds 2023 2024 2024 Investment Management fees 14,140 8.191 20,331 16,723 7 Charitsbltr activiti¢$ Ur¥r85tricted Rostrictgd Funds In¢ome Fund 2024 2024 Total Funds 2024 Total Funds 2023 Grants made to organisations Support sdrninistrstion cost5 Governants Costs Inole 81 Unpaid donations- Sense Returned donation5- The Reading List 50.970 6,750 7,520 17361 11,0001 17.500 68.470 6,750 9,220 (1361 11,0001 72,536 4,440 4,060 1,700 Total Charitable A¢tivities 63,504 82.704 81.036 PJ 12
Pr1 Parry Charftablo TNt A¢eounlB fortho year endgd 30 S•ptsmb•r 24 110ts6 to the Accounts FtlloIgnls m&d• to Unr88trlthd Re8tr1¢t•d Furbth Income Fund 2024 Total Fund• 2024 Total 2023 64th (•h#8d S88 Grcw Bamstonda Brainwave Centre CathDlic Wind Instthrte Ch&rh)ttè's Bri9htsidg Cwsg 8ersav•menl Support Cy¢lin9 Proje8 tEC Earttwuako Aprmal tknmentia Tet ErKI Fumitur8 Poverty Fr88dom Church Handlcapp8d Gro Imagine If Trust LN8rpod Cares Uverpool Philh&mJnic Maggies Mètsgy Coun8ellin9 and Tknapy CerrtrB Neuromuscular Cantr8 North Blrkenhead Trust PCC Christchlrch Readlng Ust FOUndaOn R&Engoge Ltd Sense SpiMI Irlwés Alsoati S1Geor's Hub Slck'n, St FoThYard TNst nd8rArts 6,0)0 2.(KlO 3,OCQ 2,SOO 5,000 5,000 3,150 3.150 2.5ck) 5,000 3,000 2,500 3.OJO 2,0th) 2.500 3,000 15G 2,730 3.000 3.0 2.320 UerSty of LIYffje4 UnNersity of Livgrwol- 2W.25 Tsmi UnNersity of Livwwd- 2W23.24 UnNersity of Liverwcl- 2023.24 UnfvtTsity of Liv8rwal- 2024.2S Unwerslty ol Livèrpoot-2024.25 13,5 13,S)O 1.0 1.LKIO 1,C4)0 13,5(X) 1,0 1.CQO 1,CX)O 1,CQO 50,970 17.500 8,470 .lated paty trath. note 16 8 Gov8mancfy costs UnrB¥trictBd Restrlctsd Funds Funds 2L124 Total Fund& 2024 Total 2023 Accountancy fee. underproVNC year Ar£(nIanCY fee Indwndent Examinalion fees (Mitchel Charleswrrthl Irbkpendent Exgminatw)n fee$ Imrkhel Charl&swcthl- prK)ryear wo 2,270 2.410 1.6 150 150 Pw13
prt¢e Parry Charitable Trust Accounts for tho year ended 30 September 2024 Notes to thtr Accounts 9 Rernuneration and Other Information charity has no etnployees and none of the Trustees received any temuneration or were reimbur58d 8XP8nses during the year (£0 during the year ended 30 September 20231 10 Investments Value at 3010912023 Purchase5 at Cost Sales Reali5ed Unrea115ed Value at proceeds Gainslllossesl Gainslllossesl 3010912024 Listed.. Equity & Inco Overseas UK Bonds 827,787 528.183 70,561 1,426.531 4,202 15.922 48,204 68,328 129,7561 1,368 64,065 867,666 44.295 588.400 5,667 124,432 114,027 1,580,498 129,7561 1,368 Bloomberg Scholarship Equities and Inc Overseas UK Bonds 158,594 296,455 50,422 121,323 15,564 187,309 123,2511 116,0921 3.312 11,550 49,541 755 61,846 200.827 449,314 455,049 139,3431 1.399 866.260 1.881.580 255,637 69,099 2.767 175,873 2,246.758 11 Current a888ts - amounts due wlthln ono ar Debtor.. UnrÈstrlctÈd Funds 2024 Restrlcted Funds 2024 Total Funds 2024 Tofal Funds 2023 Investment in¢ome CeIvable 3,462 1,743 5,205 3,453 3,462 1.743 5,205 3,453 12 COrnt liabilitie5'. amounts falling due within one year Unr85tricted Expendable Restricted Restricted Fund$ Endowment In¢ome Fund Endowment 2024 2024 2024 2024 Total Funds 2024 Total 2023 RalhbonÈs Inve$tmenl ManagemEnl fee Ralhbone5 Tru51 Co Ltd fees IndepÈntlent Exarninalion fees Accrual for grants 3.592 1,568 5.160 16,230 2,000 4.953 17,020 1,6 25, 736 15.030 1,500 1,2C 500 16.530 1,568 49 359 Pago 14
Price Parry Charltsble T¥u$t Accourts for the year ended 30 September 2024 Notes to the Accounts 13 Flnancial Commitsnent5- Bloomberg Scholarshlps The pri Parry Trusteès will continue with the schedule agreed with Trustees of the Bloombwg Foundation and the University of Liverpool.. Date of ¢ommeneernent.. October 2023 Estimated Award Amount.. Minimum of £13,5CO every acAdemi¢ year to be paid and split to each student over a 3 year cycle 2024125 2025126 Per Terni Student A Student B Student C 4.500 4.500 4.SCKI 4,500 4,500 4,500 1.500 1,500 1.500 13,500 13,500 4.500 14 Financial In8trument$ Unr85trict8d Expendable Restricted Restricted Funds Endowment Income Fund Endowment 2024 Totsl Fund5 2024 Total Funds 2023 2024 2024 2024 Carrylng amount of finsncial assets Debt instrurn8nts receniable within one year Debtors - Cash 3.462 15.490 1.743 16,010 5,205 52,395 3.453 293,068 14,619 6.276 18.952 17.753 57 600 296.521 Carrying amount of financial liabilities Payable within one year - Creditors 16.530 1,700 23.390 49,359 In$trurnents mea8ured at fair value Investrnents at value 1.580.498 666.260 2.248.758 7 881,580 15 Movements bètwÈpn fund$ 8alanco at Gain8 l Balane• at IL088esl 30109124 30109123 Income Expenditu TranBfers Expendable Endowments Inveslrnent5 1,440,270 114,1401 50,0 115,395 1,591.525 Unrestricted funds- General funds 63.473 56,053 163,5041 153,6001 2,422 Re$tricted funds.. Bloomberg Schola15hip Incorne Endowment 11.085 613.914 20,568 119.2001 16.1911 3,600 16,053 670.*8 63,245 Total lund5 2.128.742 76,621 103,035 178,640 2,280.988 Page 15
Price Parry Charfjtsblo Trust Accounts lor the yoar ended 30 Septembor 2024 Notes to tho Accounts 16 Rellted Party Transaction8 The Trvslees have considered personal or other interests in which as a result of a decision made whe an individual may benefit financially or otherwise, either dir8Ctiy or indirectly. In order to comply with their duties. the Trustees confirm the person affected does not take part in any discussion5 lating to the issue ConMed other than to clarify facts No amounts were reiVed by the charity from related partie5 during the year ended to 30th Septerntér 2024 or the previous financial year Lesley Jane Richards declared her InteSt a5 Tru51ee of 64th Sea Scouts during the year, grant included in note 7. There have been no other related party transactions wuiring di5dosure during the year ended 30th Septernb8r 2024 or the previou5 finsncial year. 17 Comparatlve Statement of financial activities Unr88tricted Funds 2023 Expendable Restricted Restricted Endowment Income Fund Endowment 2023 2023 2023 Total Fund5 2023 Incoffle and Endowments from- Lknnalion5 and legacies Investments 21.337 3,248 620,481 641,818 60,212 Total Income and EOwMentS 56,964 24.585 620 481 702,030 Expenditure on.. Raising funds 14.778 1.945 16,723 81,036 67,536 13,500 Total Expendltu 67.536 14,778 13.500 1,945 97.759 Nel gains I IIos5esl on investsnents 80.700 14,6221 88.078 Nel movement in fvnds 110,5721 45,922 11,085 613,914 660,349 Reconciliation Df fund5 Balance brought forward 74,045 1.394.348 1.468.393 Balance csrried fonmard 63,473 1440.270 11,085 613.914 2 128,742 Page 16