2022-04-05-accounts

Trustees		Sir Algernon Heber-Percy	Sir Algernon Heber-Percy
		A H S Hannay
		A H M Wilson
Administrator		Lynne Loxley
Email address		llctadminCBleverhulme.	net
Chadity number		212431
Pdncipal address		Estate Office
		Thornton Hough
		Wirral
		Merseyside
		CH63 1JD
Auditor		Mitchell Charlesworth	IAudit) Limited
		3rd Floor
		5Temple Square
		Temple Street
		Liverpool
		Merseyside
		L2 SRH
Bankers		Barclays Bank pic
		1Churchill Place
		London
		E14SHP
Investment	managers	Schroder lk Co Limited
		1London Wall Place
		London
		EC2Y SAU

			Page
Trustees' report
Independent	auditor's	report	7-11
Statement of	financial	activities	12
Balance sheet			13
Statement of	cash flows		14
Notes tothe financial		statements	15 - 23

Equities			74.1
Bonds			7.6
Multi-Asset	funds		0.0
Hedge funds			1.2
Private equity funds			0.0
Property			0.9
Commodities			4.0
Structured	products		2.8
Insurance	and 'Alternatives'	funds	3.7
Cash			5.2
			100.0

Equities			71.1
Bonds			8.8
Multi-Asset	funds		0.0
Hedgefunds			1.3
Pffivate equity funds			0.0
Property			1.1
Commodities			4.6
Structured	products		3.3
Insurance	and 'Alternatives'	funds	4.3
Cash			5.1
			100.0

				Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
				funds	funds		funds	funds
				2022	2022	2022	2021	2021	2021
			Notes	f	E	f	6	6	E
Income from:
Investments			2	861,364		861,364	587,106		587,106
Ch
Raising funds			3	44,560	89,119	133,679	43,903	S7,S06	131,709
Charitable activities			4	360,428		360,428	305,339		305,339
Total expenditure				404,988	89,119	494,107	349,242	S7,806	437,048
Net gains/(losses)		on
investments					936,558	936,558		8,042,753	8,042,753
Net movement	in funds			456,376	847,439	1,303,815	237,864	7,954,947	8,192,811
Fund balances	at	6 April	2021	(843,581)	42,274,834	41,431,253	(1,081,445)	34,319,887	33,238,442
Fund balances	at	5April	2022	(387,205)	43,122,273	42,735,068	(843,581)	42,274,834	41,431,253

								2022		2021
						Notes		E		E
Fixed assets
Investments							10		42,987,828		42,358,511
Current assets
Debtors							12	65,818		8,319
Cash at bank		and in	hand					246,338		92,527
								312,156		100,846
Creditors: amounts			falling due within one
year							13	(340,291)		(375,604)
Net current	liabilities								(28,135)		(274,758)
Total assets	less current			liabilities					42,959,693		42,083,753
Creditors: amounts			falling due after more
than one year							14		(224,625)		(652,500)
Net assets									42,735,068		41,431,253
Capital funds
Expendable	endowment			fund			16		43,122,273		42,274,834
Income funds
Unrestricted		funds
Designated	funds							350,334		525,010
General unrestricted			funds					(737,539)		(1,368,591)
									(387,205)		(843,581)
									42,735,068		41,431,253
The financial		statements		were approved	by	the Tr	e P28,	ber 2022
SIYAigernon		Hg(rer-Percy				A H	5 Hannay		A H	M Wilson
Trustee						Trustee			Trustee

			2022		2021
		Notes	6		6
Cash flows from operating activities
Cash absorbed by operations		22		(957,295)		(839,788)
Investing activities
Purchase ofinvestments			(3,331,443)		(22,482,149)
Proceeds from disposal of investments			3,638,684		22,663,470
Investment income received			803,865		605,462
Net cash generated from investing	activities			1,111,106		786,783
Net cash used in financing activities
Net Increase/(decrease) in cash and cash equivalents				153,811		(53,005)
Cash and cash equivalents at beginning		ofyear		92,527		145,532
Cash and cash equivalents at end ofyear				246,338		92,527

						Unrestricted	Unrestricted
						funds	funds
						2022	2021
						f	f
Income from listed investments						858,438	585,845
Interest receivable						2,926	1,261
						861,364	587,106
Raising funds
		Unrestricted	Expendable	Total	Unrestricted	Expendable	Total
		funds	endowment		funds	endowment
		2022	2022		2021	2021	2021
		f	f		E	E	f
Investment	managers fees	44,560	89,119	133,679	43,903	87,806	131,709
		44,560	89,119	133,679	43,903	87,806	131,709

4	Charitable activities
					2022	2021
					6	6
	Grants payable (see note 5)				341,049	287,412
	Share ofsupport costs (see note 6)				11,507	11,507
	Share ofgovernance	costs (see note 6)			7,872	6,420
					360,428	305,339
5	Grants payable
					2022	Number of
					6	Grants
	Grants paid of620,000or more during the			year:
	Bolton School				30,000
	Chester Cathedral				237,875
	Lady Lever Art Gallery				25,000
	University ofLiverpool				100,000
	Liverpool Heart and Chest Hospital				20,000
	Liverpool School ofTropical Medicine				35,000
	Princes Youth Trust				21,400
	Rose Paterson Trust				25,000
	Royal College ofSurgeons				100,000
	Chester &District Federation		ofthe Blind		20,000
					614,275	10
					2022	2021
	Grants to institutions	may be categorised		as follows:	6	E
	Health				119,500	102,750
	Community				120,225	96,300
	Education				23,324	38,362
	Arts				27,000	29,000
	Animal welfare				17,000	10,000
	Environmental				3,000
	Religious establishments				31,000	11,000
					341,049	287,412

Support c	osts
			Support costs	Governance	2022 Support costs		Governance	2021
				costs			costs
			E	E
Office management		fees	11,507		11,507	11,507		11,507
Audit fees				5,650	5,650		4,460	4,460
Accountancy				2,222	2,222		1,960	1,960
			11,507	7,872	19,379	11,507	6,420	17,927
Analysed	between
Charitable	activities		11,507	7,872	19,379	11,507	6,420	17,927

			Expendable	Expendable
			endowment	endowment
			2022	2021
			E	f
Revaluation	of	investments	837,841	4,667,635
Gain/(loss)	on	sale of investments	98,717	3,375,118
			936,558	8,042,753

				tistedCash	in portfolio	Total
				investments
				6
Cost or valuation
At 6 April	2021			40,651,075	1,707,436	42,358,511
Additions				3,342,316		3,342,316
Valuation	changes			826,968		826,968
Movement		in cash			550,810	550,810
Disposals				(4,090,777)		(4,090,777)
At 5Apdl	2022			40,729,582	2,258,246	42,987,828
Carrying amount
At 05 April		2022		40,729,582	2,258,246	42,987,828
At 05 April		2021		40,651,075	1,707,436	42,358,511
					2022	2021
					6	6
Investments		at fair value	comprise:
UK equities,		unit trusts and treasury stock			19,417,815	19,725,358
Overseas equities and unit trusts					21,3'11,767	20,925,717
Cash held	by investment		managers		2,258,246	1,707,436
					42,987,828	42,358,511

11	Financial	instruments		2022	2021
				6	6
	Carrying	amount offinancial assets
	Instruments measured at fair value through		profit or loss	40,729,582	40,651,075
12	Debtors
				2022	2021
	Amounts	falling due within one year:		6	6
	Other debtors			65,818	8,319

13	Creditors: amounts	Creditors: amounts	falling due within one year
				2022	2021
				6	6
	Grants payable			295,324	326,500
	Accruals and deferred income			44,967	49,104
				340,291	375,604
14	Creditors: amounts		falling due after more than one year
				2022	2021
				6	6
	Grants payable			224,625	652,500
15	Reconciliation	ofgrant commitments
				2022	2021
				6	6
	Commitments	at 6April 2021		(979,000)	(1,379,500)
	Grants paid out during the year			812,992	687,912
				(166,008)	(691,588)
	Commitments	at 5 April 2022		519,949	979,000
	Charge in Statement		ofFinancial Activities (note 4)	353,941	287,412

Balance at	Resources	Revaluations	Balance at	Resources	Revaluations	Balance at
6April 2020	expended	gains and losses	6Apra 2021	expended gains and losses		5Aprg 2022
6	6	E	f	6	f	f
34,319,888	(86,955)	8,042,753	42,274,834	(89,119)	936,558	43,122,273
34,319,888	(86,955)	8,042,753	42,274,834	(89,119)	936,558	43,122,273

							Movement	in funds
				Balance at	Transfers	Balance at	Inmming	Transfers	Balance at
			6	Aprg 2020		6Apra 2021	resources		5April 2022
				6		6			6
Special	reserve	fund		346,015	178,995	525,010	324	(175,000)	350,334
				346,015	178,995	525,010	324	(175,000)	350,334

Analysis ofnet assets betw	een funds
	Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
	funds	funds		funds	funds
	2022	2022	2022	2021	2021	2021
	E	E	F.	E	E	E
Fund balances at 5 April
2022 are represented
by:
Investments		42,987,828	42,987,828	83,677	42,274,834	42,358,511
Current assets/(liabilities)	(162,580)	134,445	(28,135)	(274,758)		(274,758)
Long term liabilities	(224,625)		(224,625)	(652,500)		(652,500)
	(387,205)	43,122,273	42,735,068	(843,581)	42,274,834	41,431,253

22	Cash generated from operations	Cash generated from operations	Cash generated from operations		2022	2021
					f	E
	Surplus for	the year			1,303,815	8,192,811
	Adjustments	for:
	Investment	income recognised	in statement	offinancial activities	(861,364)	(587,106)
	Gain on disposal of investments				(98,717)	(3,375,118)
	Fair value gains and losses on investments				(837,841)	(4,667,635)
	Movements	in working capital:
	(Decrease)	in creditors			(463,188)	(402,740)
	Cash absorbed by operations				(957,295)	(839,788)
23	Analysis of	changes in net funds
	The charity	had no debt during	the year.