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 Examin*s Rewrt Statement of Financial Acbvii*s BaL4nce Sheet 9-16 Notes to Ihe Accourrts {indudirKJ Accounting Policles) Prlcg Parry Charltable Trtffjl Accounts for the year ended 30 September 2024 Tr￿190$, Annual Roport The Twstees have pkasure in submitting th￿r Annua ReFXJt ￿ Fin￿￿la1 Statements for the year end￿1 30 Sept￿ber 2024. ObJ•ctlv6s and actlvltlos of tho Charity The Tnjstees hold tho capital and incC￿e of Ihe Charity from which they may make donations for such d)arltable organisations in such manner and in such pr0pCrti￿ as they in their absolute discretion d￿lde. With consideration of the settbff s wtshes bul without prejUd￿e to the generality of the foregoiry, the Trustees CUrr￿llY gNe prefèren¢e to providing fundirvJ f(￿ causes trenefitting the Wirral aThJ LNerpocl area with the followiry wholly charitable wrpxes: The disathantaged, through community projects Sccial nwJ$, 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 en￿rQnMerrt, ext￿lJ￿1 to IrKI￿￿e w(wi￿e 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 gUIda￿e when exerclsirKJ any relevant r*YhErs or dUt￿s. Restricted funds. kn￿n as the Bkxjmterg S¢trthrships, are held to award scmarships to St￿lents of University of liverpcDI. The number of St￿lents and amounts avarded rtrnain at the Trustee's discretion after reviewng available In(￿me Funds year. Achievements and pèrfomianco The Trustees contin￿1 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 $Ch￿ule with Universty (rf LNerpwl'. Dale of commencement October 2023 E81imaled Award Arnounl.. Minimum of £13,5CKI evpAy x*mic 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 1,5￿j 1,5C 13.5 13,5C 13,500 4,5C Prico Parry Charltable Tnmt Accounts for tho year ended 30 Sept*nber 2024 Trust••s' Annual Rgport Investment erfo The perfomiance of the fvnd is M￿ltO[ed against a beS[￿e benchmark by the Trustees annually. The Investmenl Manw pmwdes wul* reF¥yts to th8 tr￿t￿. who rEv￿ the w[￿M￿Ce 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 refer￿￿ed vA)en future reviews are Ca￿led out Flnanclal Revlaw Endowment Funds are exF￿dable and hdd to gwate a Str￿ of income frc*m whrh grants wll be madè. Ir￿oMe 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 lo￿led £16,053 represented by cash aThJ Endowment of £870,968 m￿n 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 m*t v•ith their ongoing obj*ive5 and will continue lo r￿Ularty 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 r￿aIn after the Trustees have set asi¢k arnunts required for specific wrposes, such as designated ts￿￿S. Restricted Funds, Expe￿Ie EThjC•M￿nt 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 r￿MMItMents, wh￿h 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 ￿n8￿1￿ 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 inveskn￿rts 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 di8cr￿an￿ 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 a￿1 disE¥)*l of in &(¥)rd8nce with Ihe avai18tle to the Trustees. The Trustees have agreed w(£h the Investrnent Maryager the c*jectNes to $￿u￿ a Tffason*fe grr￿th in income consllstent with the long twm preservation of capital ￿ re￿ terms. InVestM￿t d*isiO￿ should te made based on views of the prudent person In aCCord￿ce with the starbjard investment criteria relating to suitability and diversification. The Trustees wish to ensure that the objecllves ouNiwJ are ￿h￿ed wth an xceptable risk. This implies Ihe need kn diversifi¢ab'on of investment of the Trust to inclLbJe a range of assets induding fixed interest slixks, UK and overseas shafts. Imie8tments comprise hc4dings in UK large ov&rseas listed Comp￿les, u￿t and investment tru8ts including those investing in major international markets aNJ also fved interest ￿￿ritIeS. The portfolio may therefore irKlude a prOportic￿ of medium-s¢&J cf smaller UK eLThp￿1es and have exF¥)sure to international markets. Structur•, Governance and Managgmgnt The Price Parry Charitable Trust (registration no.. 117856n is an unirw>oraled granl-mthng trust. rts goveming body are the Trustees of a Will dated 30th OdrA)8r 1995. ¥thich was proveoJ by the ExeculLY5 On 4th January 2017. The kY)wer of appointing new Trustees is vested in the then CUTrenl TnJ$tees. Trustees are selected due to their connection ￿th the Current Trustees in a(XOTdance with their sknlls, eXper￿n￿ a￿1 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 ￿nfere￿e call lo discuss applicatior￿ for funding rerAved and othet governance matters, in¢lLvJiThJ a r￿leW of the CIwil￿S 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 Ratht￿neS 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 man￿￿tt Ltd. By deed of app(Mntrnent dated 18th Juty 2023. the Trustees of The Bloomberg FoU￿￿t￿￿ ￿$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 Charit￿e 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 Sch￿arsh￿& Price Parry Charltable Trubt Accounts for thg year ended 30 Septem￿r 2024 Tru8tees' Annual Report The University of LNerpcd will be resFutsible for Id￿tifyIng students wh) meet the critwia 8et out by the Trustees, the identifi￿￿ individuals musl be in ￿n￿cLaI 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 TnJst*s 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#)ns￿er1ng the areas of gcvemance. ￿erat￿, finance, environment and complianc£ the Tm5tees hav8 Klentffied that major n￿ative fltKlualions in investment assets could caus6 a material risk to the Chariws funds. In order lo mitigate this risk and in accordance with $15 Trustee Act 201x1 the Trustees have established a Policy Statement lo be adhered to by the Investrnent Manager, which will be reviewed at ￿st once a year in line wilh irNeslment pthrm8nce. Rd8rnnc8 and Admini8tratlon detal Ro3iSter&J No: 1178S87 Principal Offic8'. Rathbc**s Investrnent Managemen( Port of Liverp(KA Building. LiverFooI. L3 1 NW Trustees who serveA during the year and in post when the ￿e￿rt approved: Bemard Kenny {Chaimi￿} Andrew Jone5 Lesley Jane Richard5 Accountancy.. Ralhtrfjnes Trust Compaw Limit&l, PL¥t of Lwerpc(4 Building. LiverpD)I, L3 1 NW Irxleperbjent E￿nIner. Anita Mason BA IHons) 8FP FCA- Mitchell Chartesworth Suites C. D, E, F, 141h FILKJr. The Pla7a, 100 Okj Hall Street, Liverpool, L3 9QJ Bankers & Invesknent ManaJers Rathlxjnes Investment Mana3￿ Limit￿, Port of Lwe[p￿1 Building, Pier Head. LlverpxKA L3 1NW Plans for tho future The Tw$tees aim to expand disS￿1n8t10n the Trust to incmse requests fc¢ furxling. The Trustees continue to t￿lId 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 AC￿pted 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 reSOur￿S 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) R￿ulatiOnS 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 per￿d ￿ded 30th September 2024, ￿lch are Set (Krt on pw 7 to 16. Th1$ rèp)rt Is made solely to the chari￿s tJustees. a5 a t￿y. 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 EXamine￿S re￿1 and for no oth8r purrx)se. To the fullest extent pemitted by law, I do not accept or assume reSp￿1￿￿lIty 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￿$ a￿nts carried out under S￿￿on 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 Ac￿UntIng 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 matt￿5 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 Con￿rning the fom and contenl of accounts $et out in the Charities (Accounls and Reports) R￿UlationS 2008 other than any requirements that the unts give a'th￿ and fairf which is noi a matter consid2rEA as part of an inde￿nd￿nt 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 lega￿e5 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 $ept•nber 2024 Balance Sheet at 30 SepteM￿r 2024 Unr85trict8d Expendable Restrl¢ted Restri¢t8d Funds Endowment In¢ome Fund Endowment 2024 2024 2024 2024 Totsl Funds 2024 Total Funds 2023 Noles Flxed Assets Inve5tsnents at Market Value io 1.580.498 666.260 2,246.758 1,881,580 1,5BO,498 666,260 2,246.758 q,881,580 Current Assets Debto Cash at bank and on d8POSIt 3.462 15.490 1.743 16,010 5,205 52,395 3.453 293,068 14 14,619 6.276 Total Current Asset$ 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 Restri￿e￿ fund5 r81ate to funds ￿ld relating to The Bloomberg Foundation. Approved by tho Board of Tr￿tee$ and $ignod on its behalf on Et 'going co￿￿￿. basis of acC￿ntIr0 in wwarlrKJ tha financHI stdteThents. Fund accourrttng Tre chathy hokjs Restrfctad Funds ur¥Jer trusts uThJer tharity ITh. These fvnd$ are not availalAe for use at th8 dkscretion ol the tTu$tse6 arKI instead are ￿k1 for a s￿4fiC pwrThe as dgdared by fv cbJTr)r. The charity Unr¢5tiictBd FurKls are for use at the discretion of th8 charity in furtherarKe of Its tharitabb obi&*ves unkn8 the fvtK18 ha￿ des¥nat￿ for ¢*lh•rwrF4X•S. The ehariiy hdds Endtr44￿nI Funds a￿ rxwnaity for inr*Ane gen8ratic￿. It has arisèn from the trdnsfer of in￿st￿￿ts and (apit￿ frcTh ￿ estale ol th8 latè MFSS E Prv* Parry. Monl&s are inv85tad by th8 tN¥te8s Irrto Sh8[th￿l￿S. Th8 exFend&>￿ W￿0￿)ent lund Iweases or decreases in lin& wth the investrnent valuati(m. Translers th&eNknwnwnt fund ale ¢arri&d oui as ￿eSsary by the trust888. Income IncDrne Gognlsaj when the LlwJ*y ts kgally to It aft8r any ￿nd￿On$ have tmn meL the amounts be rneasured reliabty and that will b3 rèc*i¥¥J. Cash donalons a￿ on W Ott*r drmal(ons arg reccwi5èJ charity h88 b8en notffied of the donation, unle88 Perforrnan￿ c>JrKlths requir8 dof8rr81 of th8 amount. Income Tax r8CoVerab￿ in rèlakn to donatKsns urKl8r Grfl •lJd or dgeds ol covenant k8 recx)9nBed at the time of the donation. Prf¢• Pany Charltabl• Trust Ac¢ounts forth• yoar end￿ 30 SeptBrnb8r 21124 Nots8 to A¢￿U￿￿ Lgjacies are rwnl8ed on oIF*rww rf the c*arty has be￿ nottfiad of an Trpendin9 dl$lribulion, the amount 19 kno¥m fBLYiF* is exp*d. W the mnt is nol kncMn, thè 18 trsdlèd 0$ a cmentaB88t. I ￿￿￿dend incune is retsjrthd n& and iTrJwlgs ta¥d￿jU￿J when l 18 I￿ay￿ 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 re￿1￿ m Settl￿ne￿I and th8 amount be ably m8a8ured as at the raporong A col￿truth¥8 cbligation exbts W￿￿e the tharity h88 communicated conyrilrnent to provide to th• r•dFrfènt by th8 re￿rbn5 dats and the￿ are co￿1￿0n$ atta¢he(I to its payrnent frdllir¥J rWiTrJ Pmislons br l*ilibes rn￿t be rec4)gnknd wt*n eItt￿r the or the anKJunt of fiJtur& ewdhure requir&J to satk Il* cbli9at&?n 18 ￿Certain. ato db14￿ulShed 5warately on tha baknce sh88t. If a transfer cf res(xrn k£ Th) wutr*J, F￿on¥ ￿ I￿r8ed and charged to th8 SOF Gowmancfr ￿StS Governanlx ¢osts aro thosa in ]Blation lo ts ￿eral of the Charty, InCI￿1r¢ a¢tiV￿e$ that alDW the Charty to orftrate ge￿rth Infomidion tsquired for ￿t￿lIC accountabllrty. They ate not rdated to t1￿ dired rnanaggment These I￿Sts indud• a¢eoJntancy. 8xaminatrJn arKI legal foeg, logether with cx)sts of trus￿. rrwtirvJs. Th8y are altrityJt**b lo the capital and thts Intsjmè of the fund rding t¢ the nthre of the eXpe￿e 1￿Jrred T1￿ COBts are recogni5￿ ￿ an accruaL8 basfjs, baing In¢￿d￿ w￿n labilty È¢on i[￿Jr[9d 88 at th8 balance date. Valuation of Inve8tments Inv8strr￿ts held In fund are indLkled atth￿r 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 n￿thet y￿uP nJSrvJ 4tthe BaL￿n￿ Sheet dats and indujg inter88t that has acerthl lo that dab. In￿￿tMentS are das$if*d as a fixed assst exw wtrw da8sifed as 8 ￿1rrent asset whwe the intention of the Trustees Is to di5PO8£ ofthe as8etarnl not￿nVeSt￿ rrfoceeds. Other r8cognl¥ed GalnB and Los8•5 Ro￿l￿1 galn5 and k)5se5 on investhRnts are calcaJlaW as the ¢ffisrnncè b8tWe8n 8al&& r￿c￿8dE 8nd Ih8¥ market value at the start of ￿ year. or tlw sUbw4￿nI o)st arnl are tharged or e￿Irted to th8 St8tern8nt of Fln*eial Activ￿88 in the rldwal. Unrealis8d gal￿ and losses repres￿1 mov8m8nt in market valu88 duriro yèar arKI are credited charged to statement of Finandal ALknbes re$￿titya rev￿￿r0 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 rd*s. CA8h and cash equival•nt• C88h 8t b*Jk and in hand haby to mèèt 51bJrt.tWrn ￿8h r4xrnykn￿ as thèy fall due rther tha for investment Pur￿585. Cash aNJ cash ￿Ul¥a￿ts indtyjts Cash in harnj, (Wtts held et call *ith banks, other 8h)rt-term IiquKI Inv86bwts W[￿ ￿91nd Malurli￿ ofthree months or bss b￿k overdrafts. P*Jg 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 Finar*a￿ Instruments, and Sacuon 12 'Othgr FmancAal Instrum8nb Issu•￿ of FRS 102 lo dl rrf its finanual insirunMts. Flnanclaj in5trum8nts are recryni8ed in tho c*8riWs baknc8 the charlty betory￿ pa￿ t¢ th? ntractual wovffjions of ins1N￿* Fin8nci81 a$set5 and liablilies are offset. *ith r￿1 arrKJunt¥ presenbl wi the lknanclal statsM8nts, Nvhèn there is & I￿811¥ onforrxsbb ri9ht to 8et off the rEcL¥JrwJ ￿ounts 8TrJ there ￿ an ￿llen￿on lo salt1• on n8t basis or lo realSse the asset *)d Settb th¢ ￿*¥Ity 5ThUll￿sty. Ba61¢ #88•ts 8a¥ic financial ass•ts, Induding trad8 cther recdvat4es. cash ￿fftk b#l8nrx8 and invesbneThts In 1x￿MerCi91 papw InIt￿lty at tran8a(XK)n prKa SUL* assets Arè Sub18q￿n11Y c4rried at the amoruS￿ c05t ￿lThJ the effedive Ytsr8St Irrpainn8nt nan¢HI a55ets dass•d 8$ rwable wtthln or* year are not *JKthed. èr financial 888ets, iidudlng eqiity irhstrLThenta whK* are 6thhJiarf8s. 8saetkgbJ or j(Mnl ventur85, are in*tsally rn￿Urad at w#h Butrwuent in rECLyni58d in th8 SOFA BA¥lc financlal Ilabllith 8a8ic financial Ilth'liti8s: ind￿dir0 tr* and other wablgs 8nd to3￿ from third part'6s are Inludly ye￿nis￿l tran¥ac￿On price Unl￿ tha arrdrvJThnt r￿StitUteS a finants￿ transact￿)ft, W￿rg 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 in*r8St ￿￿1hr￿1. F￿an¢￿1 Iobilrfies elassifi 8$ pay8￿8 within Or￿ y8ar ar& not aMart￿ed. CancollatI￿ of ff nan¢lal Ilat￿lIt6•S Fknanclal l1akmlil￿ are derer￿n￿￿j *then the* tharii*$ ¢>)ntr*ual rAJlWKrn exFAre or are th5charged or carKellad. 3 CrltJ¢al aecountlng 08tknale¥ and j*m•nts In th8 appli¢ation of charity's am)unting polues. thè TN5 r8quired trj make judggments, stlmatès and a&s￿p10n$ ab(wA Ihe C￿ng an￿rtt ￿ assets a￿1 la)Ilit￿$ that 8r8 readly apparent from ether 8rxJrw. eslwnaie5 8fKI 8580Lyated a38￿pti¢￿S base(l on h￿tr￿lI￿1 ew6rw and f8dor8 that ar8 to t* re￿￿L AthHI re5uts may differ frorn these mates. é¥tirn8t￿ and undeilyorg a59jrnF￿or￿ 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 aOx￿nI1r￿j e51imBtes Auth3￿ne￿ 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 FOu￿la10n Estat? of P ￿00Mbe Les8 Exors fee F￿￿1 482,818 160,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 BloOM￿rg 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 P￿J￿ 12 Pr1￿ Parry Charftablo TN*t A¢eounlB fortho year endgd 30 S•ptsmb•r ￿24 110ts6 to the Accounts Ft￿ll￿oIg￿nls 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 Proje￿8 tEC Earttwuako Aprmal tknmentia T￿et 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 FOUnda￿On R&Engoge Ltd Sense SpiMI Irlwés Also￿ati 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 U￿￿erSty of LIYffj￿e4 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 tra￿th￿. 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&swc*thl- 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 COr￿nt 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 Con￿Med other than to clarify facts No amounts were re￿iVed by the charity from related partie5 during the year ended to 30th Septerntér 2024 or the previous financial year Lesley Jane Richards declared her Inte￿St 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 E￿OwMentS 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