tkncusign Envelope ID.. 259804E34391.465A.JD￿243lsE5DD1o?
SIR HARRY
PILKINGTON FUND
ANNUAL REPORT
& FINANCIAL STATEMENTS
FOR THE YEAR ENDED
TH
30 JUNE 2024
CHARITY NUMBER- 206740

DDcusign Envdtye ID". 259504E341301.46SA-gDD&24316ESOD102
SIR HARRY PILKINGTON FUND
TH
TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024
The Trustees present their annual report and financial statements of Me charity for the year
ended 301hJune 2024.
The financial statements have been prepared in accordance with the accounting policies sel
out in note 110 the financial statements and comply with Ihe charity's trust deed, the Charities
Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practi
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 102).
OBJECTIVES AND ACTIVITIES
The trust has been established to make grants for charitable purposes.
Public Benefit
Funds are distributed giving benefi't lo a wide range of charilable organisations in Merseyside
and St Helens. Particular preference 15 given to those organisations operating in the following
fields.. arts and culture, youth work and health and general social welfare.
The Trustee has considered the public benefit guidance published by the Charily
Commission.
Achievements and PgrforMan¢e
Investments have been managed throughout the year by the Investment Managers, with
performance being monitored by the trustee. This has enabled the trust to maintain its grant-
making capacity.
Financlal Review
Investment income of £205,250 (2023.. £200,979) was received during the year. This,
combined with reserves, funded grants of £119,008 {2023: £209,761) lo Gharilable
organisations. Capital investments were valued al £8,943,570 (2023.. £8,213,009) at the year
end.
Investment Policy and Powers
The trustee has Ihe same full and unrestricted powers of investment in all respects as if it
were the beneficial owner. The investment strategy is set by the Irustee and takes account
of recent demands for funds and an assessment of expected future needs (see Reserves
Policy). The investment policy and strategy are reviewed with the investment managers at
regular intervals. The inveslment objective is to maintain, overall, the real value of capital and
income.
Rlsk Management
The main risks to which the charity is exposed as identified by the trustee have been
considered and systems have been established lo mitigate those risks.

Dowsign Envdope It*. 259BQ4E3￿9l.465A.9E)D0.2A3g6E5DolO2
SIR HARRY PILKINGTON FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024
TH
Reserves Policy
The trust deed permits the spending of c8Pltal,' the trustee has, however, agreed to retain Ihe
capital for the time bging and to invest it to produee income to make grants. The trustee is
managing the reserves to balance the needs of current and future beneficiaries. 11 is not
anticipated that the needs of beneficiaries will diminish over time.
Plans for the Future
The objectives remain unchanged for the future- the intention is for continued inveslment
management on a consistent basis and distribution of income to charitable organisations.
Structure, Governance and Management
Sir Harry Pilkington Fund is a registered chartiy, number 206740. It was established by a
Trust Deed daled 14 March 1962.
Appointment of Trustees:
The corporate trustee, LCVS, has a trustee recruitment policy that maintains a diverse mix of
skills and experience that supports the governance and management of the charity. There is
balance between representation from 'communilies of interest, and individuals with
business acumen. The induction procedure for new trustees includes dislribution of
background information, access to all records and attendance at an organisalional induGtion
session. Following this, new trustees formally sign a declaration of willingness lo serve.
Name
Charity number
Principal Office
Sir Harry Pilkington Fund
206740
LCVS
151 Dale Street
Liverpool
L2 2AH
Liverpool Charity and Voluntary Services (LCVSI, a corporate
trustee. which is incorporated under the Companies Act as a
company limited by guarantee without share capital as
company number 181759, a registered charily, number
223485, and a charitable Trust Corporation. LCVS trustees,
who are also its directors, were as follows durin9 the year.
Sonia Bassey MBE
Mike Thomas
Trustees
LCVS Chair
LCVS Treasurer

Docusign En¥￿￿10.. 259Bo4E>8391-4￿A-9DOO-24816E5DDl02
SIR HARRY PILKINGTON FUND
TH
TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024
Trustees Continued
Dorcas Akeju
Sonia Bassey MBE
Maxine Ennis
Anna James
(Appointed 171h October 2024)
Dr Hardamanjit R Kaur (Appointed 171h October 2024)
Ken Perry
(Resigned 2nd September 2024)
John Price
(Resigned 41h November 2024)
Anne Reading
(Appointed 171h October 2024)
Michael Salla
Louise Scholes
Gemma Shone
James A Sloan
Neil John Slurmey
Mike Thomas
(Resigned 30th June 2024)
Secretary
Independent Examiner
Helen Rotheram
Paula Sanchez ACCA
Score Lane,
Liverpool L16 5EF
Ralhbone Investment Management Limited
Port of Llverpool Building
Pier Head
Liverpool L3 1NW
Investment Manager
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a trustees, annual report and financial
slalements in accordancè with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities
in England and Wales requires the charity trustees to prepare financial statements for each
year which give a true and fair view of the stale of affairs of the charily and of the incoming
resources and application of resources, of the charity for that period. In preparing the financial
statements, the trustees are reqLJired to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standaids have been followed, subject to any material
dgpartures that must be disclosed and explained in the financial statements.
prepare the financial statetnent5 on the going concern basis unless it is in8ppropriale to
prosume thal the charity will continue in business.
The truste&5 are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities {Accounls and Reports) Regulations, and the provisions of the Trust deed.

Envdope Itl. 259B04E3-8391-465A.gDDO-2431BE5DD102
SIR HARRY PILKINGTON FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024
TH
They are also responsible for safeguarding the assets of the charity and taking reasonable
steps for the prevention and detectiDn of fraud and other irregularities.
STgned on behalf of the Trustee, Liverpool Charity and Voluntary Services by
Mos
Mike Thomas- LCVS Trustee
10/0212025
Dated:..

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SIR HARRY PILKINGTON FUND
I report to the trustee on my examination of the accounts of Sir Harry Pilkington Fund {'th6
charily'l for the year to 30th June 2024, which are set out on pages 7 to 14.
Responsibiliti95 and basis of report
As the trustee of the charity, you are responsible for the preparation of the accounts in
accordance with the requirements of the ChaTities Act 2Q11 I'the 2011 Act,).
I report in respect of my examination of the charity's 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 section 14515)Ib) of the 2011 Act.
An independent examination does not involve gathering all the eviden￿ that would be
required in an audit and consequently does not cover all the matters that an auditor considers
in giving their opinion on the accounts. The planning and conduct of an audit goes beyond
the limited assurance that an independent examination can provide. Consequently, l express
no opinion as to whether the accounts present a 'true and fair view, and my report is limited
to those specific matters set out in the independent examiner's slatement.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me reasonable cause to believe that in
any material respect..
accounling records were not kept in respect of the charity as required by section
130 of the 2011 Act., or
2. the 8ccounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements concerning the form
and content of accounls set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a 'true and
fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examinatiDn tD which attention should be drawn in this report in ord8f to erbable a proper
understanding of the accounts lo be reached.
Name". Paula Sanchez
Name of applicable listed body= Association of Chartered Certified Accountants
Relevant professional qualification or body.. ACCA
Dale.. 23/02/2025

D￿￿gr1 Env4c¥)e ID.. 259B04E3.8391465kgDDD.24316E5DD102
SIR HARRY PILKINGTON FUND
TH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
Unrestricted Funds
Capital
Funds
2024
Income
Funds
2024
Total
2024
Total
2023
Income from:
Investtnents
Notes
205,250
205,250
200,979
Total Incorne
205,250
205,250
200,979
Expenditure on:
Charitable activities
129,581
129.581
220,228
Total expenditure
129,581
129,581
220,228
Net incomg1{expendllurel
75,669
75,669
{19,249)
Net gains(loss) on
investment
730,561
730,561
251,083
Net movement in funds
75,669
730,561
806,230
231,834
ReconGiliation of funds..
Total funds brought
forward
103,469 8,213,009 8,316,478 8,084,644
Total funds carried
forward
179,138 8,943,570 9,122,708 8,316,478
The notes on pages 9 to 14 form parl of these accounts.
The net movement in the funds in the year is derived from the continuing activity of the
charity.

DoGusign EnvelopB ID. 25gB04E3-8391465A-9DW24316ESDD102
SIR HARRY PILKINGTON FUND
TH
BALANCE SHEET AS AT 30 JUNE 2024
30 June 2024
th
30 June 2023
Fixed assets
Investments
Notes
8,943,570
8,213,009
Current assets
Debtors
Cash balances
189,710
113,768
189,710
113,768
Current liabilities
Creditors
(10.572}
{10,299}
Net ourrent assets
179,138
103,469
Net assets
9,122,708
8,316,478
The funds of the charity:
Unrestricted funds
Capital funds
Income funds
8,943,570
179,138
8,213,009
103,469
9,122,708
8,316,478
The notes on pages 9 to 14 fom part of these accounts.
Approved and authorised for issue by the Trustees and slgned on thair behalf by
Mike Thomas- LCVS Trustoe
Dated:
10/0212025

D￿u￿9￿ Envdope ID.- 259BO4E3.8391.46SA4000.24316E5DD102
SIR HARRY PILKINGTON FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
TH
1. ACCOUNTING POLICIES
Basis of Accounting
The accounts have been prepared under the historical cost convention wilh items
recognised at cost or transaction value unless otherwise slated in the relevant notels} to
these accounts. The financial statements have been prepared in accordance with the
statement of Recommended Practi￿.. Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS102) {SORP 2019) and the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland {FRS102) and Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The accounts ar6 prepared in sterling. which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Chatilies applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the tiine ol approving the accounts, the trustee has reasonable expectation that the
¢harity has adequale resources to continue in operational existence for the foreseeable
future. Thus, the trustee continues to adopt the going concern basis of accounting in
preparing the accounts.
Investments
In accordance with Statement of Recommended Practice., Accounting and Reporting by
Charities (SORP 2019}, investments held as fixed assets are stated at fair value. Realised
and unrealised gains and losses are dealt with as movements on the Capilal Fund.
Investments are valued at the mid-market Pri￿ on the valuation date.
Fund accounting
Unrestricted funds are consid8red Yree, reserves and are available for use or retention at
the discretion of the Trustees, in accordan￿ with the charity's objectives. Free reserves
are undesignated funds available for the fvrtherance of the general objectives of the charity.
Income recognition
Income from investments comprises dividend income and interest and are accounted for
when received in the financial year. Donations are recognised at the earlier of notification
or date of receipt, in the case of the third-party donations and legacy income when received
by the organisalion.
Expendlture recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation committing the charity to that expendFture, il is probable that settlement will be
required. and the amount of the obligation can be measured reliably.
All expenditure is accounted for Dn an accrual basis. All expgnses, including support and
governance costs, are allocated or apporlioned lo the applicable expenditure headings in
Ihe statement of financial activities.

DLusign Envelop& ID.. 259804£￿J91.46SA-sDw2451sE5DDl02
SIR HARRY PILKINGTON FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2Q24
Raising funds costs relate to expenses incurred in the managemenl of the inveslment
assets, Charitable activities include grant funding, along with associated support costs, to
beneficiaries. These are dealt with in the Statement of Financial Activities when payment
has been approved by the charity. Governance costs relate to compliance with
constitutional and statutory requirements and specitically include all costs incurred by the
charity in producing the Annual Report.
Cash and cash equivalents
Cgsh and cash equivalents include cash in hand, deposits held at call wilh banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafis.
Financial instruments
The charity has elected to apply the provisions of Section 11 'B8sic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in Ihe charity's balance sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offse( with the net amounts presènted in the financial
statements, when there is a legally enforceable right lo sel off the recognised amounts and
there is an intention lo settle on a net basis or to realis8 the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially
measured at transaction price including transaclion costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constilules a
financing transaction, where the transaction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classified as rO￿1Vable
within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors gre initially recognised at transaction pri
unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future retsipts discounled at a market rale of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carri8d at amortised cost, using the effective interest
rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or
are discharged or cancelled.
io

D(xw￿gn Envelope ID.. 259804E>8391.465A-gDW24316E5DD102
SIR HARRY PILKINGTON FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024
Taxation
The charity benefits from various exemptions from taxation afforded by tax legis18tion and
is not liable to corporation tax on income or gains falling within those exemptions. Partial
recovery is made of tax credits on UK dividend income. The charity is not able lo recover
Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
Critical Accounting Estimate5 and Judgemgnts
In the application of the charily's accounting poliaes, the trustees are required lo make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions
to accounting estimates are recognised in the period in which the estirnate is revised where
the revision affects only that period, or in the period of the revision and future periods where
the revision affects both current and future periods.
2. Income and endowments from:
Income
Funds
2024
Capital
Funds
2024
Total
Total
2024
2023
Investments
Investments dividends and interest
205,250
205,250 200,979
3. Expenditure on charitable activities:
Direct
Support &
Charitable Governance
Expenditure
Costs
Total
2024
Total
2023
to make grants for charitable
purposes
125,850
3.731 129,581 220,228
Analysed as follows.
2024
2023
DireG( charilab18 exp8nditure.'
Grant funding
Grant making administration
LCVS
119,008
6,842
209,761
6,699
125,850
216,460
li

ocusign Env4ope IL>. 259B04E3-8391465A-9DDO-24316E5DD1D2
SIR HARRY PILKINGTON FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
TH
2024
2023
Support & Governance costs."
Financial Administration - LCVS
Independent examination
3,421
310
3,350
418
3,731
3,768
Total expendlture on charitable
actlvities
129,581
220,228
The following grants were made during the year..
Grants of £1,000 and over
Acronym Community Empowerment
Act for Action CIC
Afro Caribbean and Friends Lunch Club
Alt Valley Community Trust
Barnston Dale Centre
Bridge2 (Liverpool) Limited
Brunswick Youlh and Community
Centrgl Youth Club
Christians Against Poverty
Cohiba
Compass Counselling Services
Crawford House Community Partnership
East Liverpool Riding For The
Everton in the Community
Evolve Tackling the Impad of Substance Misuse
Frezzled Cafe
Friends OfAllonby Canoe Club
Ghizng Kurdish Saturday School
Hope Centre - St Helens
Irish Community Care
Kindred Minds
Liverpool Ar8b Arts Festival
Liverpool Six Community Association
Make LCR Cic
Mary Seacole House
Marybone Youth Community Association
Men
Metal Culture Ltd
Mpower People CIC
Natural Breaks Ltd
Netherton Feelgood Factory
New Hc)rizons Enrichment & Education
Norris Green Youth Centre Ltd
1,500
3,000
1,500
1,500
3,000
1,500
1,500
1,500
1,5QO
1,500
1,500
1,500
3,000
2,500
3,000
1,500
2,600
1,520
1,785
1,500
2,000
1,400
1,500
1,000
2,000
1,330
2,000
3,QDO
1,500
1,500
1,50a
2,000
1,125
12

tkwsigTh Envdope1Tr. 259804E3-8391-465A-9DDD-24316E5DD1D2
SIR HARRY PILKINGTON FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
TH
North Wesl Cancer Research
Orrell Park And District Community
Our House Community
Our Place Community Hub CIC
PCC Of Christ Church And Holy
Porchfield Community Centre
Raise Limited
Scrapyard Studios CIC
Shrew*bury House
Signs OfA Rainbow CIC
South Central Community Transport
Sports Alive North West
st Cyril's Community & Young Project
St Hilda's Church Hunts Cross
St Mary's Millennium Centre
St Michaels and Lark Lane
Stick'N' Slep
The Bobby Colleran Trust
The Congolese Association Of Merseyside
The Croissant Of Inequality Café CIC
The Initiative Factory
The Lodge
The New Belve Youth & Community
The Opening Doors Project
The River Of Life CIC
The Vibe Liverpool
Thred CIC
Triple C (Liverpool)
Vees Place
Yellow House
3,000
1.500
1,070
1,750
1,000
1,100
2,704
2,996
1,820
2,850
1,500
1,500
1,500
2,000
3,000
1,485
2,000
3,DOO
1,630
1,500
2,000
2,400
1,440
1,500
1,400
2,080
1,650
2,000
1,498
1,500
116,633
2,375
Grants under £1,000
Total grants
119,008
13

DLKutslgn Envelcpb ID." 259804E34391.465A.gDDO.24316ESDD102
SIR HARRY PILKINGTON FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
TH
4. Fixed Asset Investments
2024
2023
Quoted Investments".
Market value al 1 $1 July 2023
Net unrealised gains on invostment
assets
8,213,009
730,561
7,961,926
251,083
Market Value at 30 June 2024
8,943,570
8,213,009
Ih
Book Value at 30 June 2024
4,847,197
4,847,197
The trust holds 100°A of its fixed asset investments in a Charity Commission approved
pooling scheme. the Settlors. Trust Fund (STF), administered by Liverpool Charity and
Voluntary Services and managed by Rathbone Investment Management Ltd.
At 30th June 2024, the assets of the STF fund had a total market value of £33,821,443
{2023'. £31,099,741) ofwhich £8,943,570 {2023'. £8,213.009) is an asset ofthe trust. Due
to the pooling scheme, il is not possible to disclose the fair value of the investment held
in the Sir Harry Pilkington Fund by category li.e. cash, property, equity).
All investments are held primarily lo provide an investment relurn.
5. Debtors
There were no d8btors during the year 8nd 301h June 202412023: £nil)
6. Creditors
2024
2023
Financial Adminislration- LCVS
Independent examination fee
10,262
310
10,049
250
10,572
10,299
7. Unrestricted Funds
Income Fund.. Investment income and donations received for distribution as grants to
individual young people and charitable voluntary youth organisations.
Capital Fund,, Funds held provide income for the on-going activities of the tru51.
8. Related Party Transactlons
Charitable Activities.- thèse include £6,841 (2023.. £6,699} grant making
administration costs and £3,481 (2023.. £3,350) governance costs in respect of
accountancy and trust administration.
Creditors.- these include £10,26312023.' £10,049) owing to LCVS at the year end.
LCVS is related to the Trust by virtue of being the corporate trustee.
No trustee received remuneration or expenses as parl of their role as Trustee of the
charily.
14