2023-04-05-accounts

Trustees		Sir Algernon Heber-Percy	Sir Algernon Heber-Percy
		A H 5 Hannay
		A H M Wilson
Administrator		Lynne Loxley
Email address		IlctadminColeverhulme.	net
Charity number		212431
Principal address		Estate Office
		Thornton Hough
		Wirral
		Merseyside
		CH63 1JO
Auditor		Mitchell Charlesworth	(Audit) Limited
		3rd Floor
		5Temple Square
		Temple Street
		Liverpool
		Merseyside
		L2 SRH
Bankers		Barclays Bank pic
		1Churchill Place
		London
		E14SHP
Investment	Managers	Schroder K Co Limited
		1London Wall Place
		London
		EC2y 5AU

			Page
Trustees' report			1-7
Independent	auditor's	report	8-12
Statement of	financial	activities	13
Balance sheet			14
Statement of	cash flows		15
Notes tothe financial		statements	16-24

Equities				70.8
Bonds				11.6
Multi-Asset	funds			0.0
Hedge funds				2.0
Private equity		funds		0.0
Property				0.7
Commodities		(Gold)		5.3
Structured	products			1.1
Insurance	and 'Alternatives'		funds	3.7
Cash				4.9
				100.0

Equities			66.2
Bonds			13.8
Multi-Asset	funds		0.0
Hedge funds			2.4
Private equity funds			0.0
Property			0.9
Commodities			6.3
Structured	products		1.3
Insurance	and 'Alternatives'	funds	4.4
Cash			4.7
			100.0

				Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
				funds	funds		funds	funds
				2023	2023	2023	2022	2022	2022
			Notes	E	E	6	E	E	E
Income from:
investments				935,816		935,816	861,364		861,364
di
Raising funds			3	44,348	S8,696	133,044	44,560	89119	133679
Charitable activities			4	545,903		545,903	360,428		360,428
Total expenditure				590,251	88,696	678,947	404,988	89,119	494,107
Net gains/(losses) investments		on	8		(753,805)	(753,805)		936,558	936,558
Net movement	ln	funds		345,565	(842,501)	(496,936)	456,376	847,439	1,303,815
Fund balances at		6 April	2022	(387,205)	43,122,273	42,735,068	(843,581)	42,274,834	41,431,253
Fund balances at		5 April 2023		(41,640)	42,279,772	42,238,132	(387,205)	43,122,273	42,735,068

									2023	2022
							Notes		6	6
Fixed assets
Investments							10			42,150,920	42,987,828
Current assets
Debtors									93,309	65,818
Cash at bank		and	in	hand					318,555	246,338
									411,864	312,156
Creditors: amounts				falling due within		one
year							12		(288,152)	(340,291)
Net current	assets/(liabilities)									123,712	(28,135)
Total assets	less current				liabilities					42,274,632	42,959,693
Creditors: amounts				falling due after more
than one year							13			(36,500)	(224,625)
Net assets										42,238,132	42,735,068
Capital funds
Expendable	endowment				fund		15			42,279,772	43,122,273
Income funds
Unrestricted		funds
Designated	funds						16		408,484	350,334
General unrestricted				funds					(450,124)	(737,539)
										(41,640)	(387,205)
										42,238,132	42,735,068
The financial		statements			were approved	by	the Tr	s on	October 2023
										A H M Wilson
Trustee							Trustee			Trustee

					2023		2022
				Notes	6		6
Cash flows from operating	activities
Cash absorbed by operations				20		(919,211)		(957,295)
Investing activities
Purchase of mvestments					(10,046,803)		(3,331,443)
Proceeds fram disposalof	investments				10,129,906		3,638,684
Investment income received					908,325		803,865
Net cash generated from	investing	activities				991,428		1,111,106
Net cash used in financing	activities
Net increase in cash and cash equivalents						72,217		153,811
Cash and cash equivalents	at beginning		afyear			246,338		92,527
Cash and cash equivalents	at end ofyear					318,555		246,338

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		E	6
Income	from listed investments	925,249	858,438
Interest	receivable	10,567	2,926
		935,816	861,364

			Unrestricted	Expendable	Total	Unrestricted	Expendable	Total
			funds	endowment		funds	endowment
			2023	2023	2023	2022	2022	2022
			E	E	E		E	E
Investment	Managers'	fees	44,348	88,696	133,044	44,560	89,119	133,679
			44,348	88,696	133,044	44,560	89,119	133,679

Charitable activities
				2023	2022
				6	E
Grants payable (see	note 5)			525,224	341,049
Share of support costs		(see note 6)		13,050	11,507
Share ofgovernance	costs (see note 6)			7,629	7,872
				545,903	360,428
Grants payable
				2023	Number of
				E	Grants
Grants paid of620,000or more during the			year:
University ofLiverpool				12D,DDD
National Gardens Scheme				100,000
Royal National Lifeboat Institution				25,000
Princes Youth Trust				21,400
golton School				30,000
Chester Cathedral				53,218
DEC (for Ukraine)				20,000
Lady Lever				25,000
Liverpool Heart &Chest Hospital				20,000
Liverpool School of	Tropical Medicine			35,000
Royal College ofSurgeons				SD,DDD
				499,618
				2023	2022
Grants to institutions		may be categorised	as follows:	E	E
Health				98,000	119,500
Community				140,400	120,225
Education				144,824	23,324
Arts				11,000	27,000
Animal welfare				13,000	17,000
Environmental				112,000	3,000
Religious establishments				6,000	31,000
				525,224	341,049

Support costs
		Support costs	Governance	2023	Support costs	Governance	2022
			costs			costs
		E	E
Office management	fees	12,800		12,800	11,507		11,507
Other expenses		250		250
Audit fees			6,080	6,080		5,650	5,650
Accountancy			1,549	1,549		2,222	2,222
		13,050	7,629	20,679	11,507	7,872	19,379
Analysed between
Charitable activities		13,050	7,629	20,679	11,507	7,872	19,379

			Expendable	Expendable
			endowment	endowment
			2023	2022
			8	E
Revaluation	of	investments	(411,611)	837,841
Gain/(loss)	on	sale of investments	(342,194)	98,717
			(753,805)	936,558

				Listed Cash	in portfolio	Total
				investments
				E
Cost or valuation
At 6April	2022			40,729,582	2,258,246	42,987,828
Additions				10,046,803		10,046,803
Valuation	changes			(411,611)		(411,611)
Movement		in cash			(622,940)	(622,940)
Disposals				(9,849,160)		(9,849,160)
At 5April	2023			40,515,614	1,635,306	42,150,920
Carrying amount
At 05 April		2023		40,515,614	1,635,306	42,150,920
At 05 April		2022		40,729,582	2,258,246	42,987,828
					2023	2022
					E	E
Investments		at fair value comprise;
UK equities,		unit trusts and treasury	stock		20,760,307	19,417,815
Overseas	equities and unit trusts				19,755,308	21,311,767
Cash held	by Investment Managers				1,635,306	2,258,246
					42,150,921	42,987,828

Debtors
		2023	2022
Amounts	falling due within one year:	E	E
Other debtors		93,309	65,818

12	Creditors: amounts	Creditors: amounts	Creditors: amounts	falling due within one year	falling due within one year
						2023	2022
						E	E
	Grants	payable				243,346	295,324
	Accruals and deferred				income	44,806	44,967
						288,152	340,291
13	Creditors: amounts			falling due after more than one year
						2023	2022
						E	E
	Grants	payable				36,500	224,625
14	Reconciliation		ofgrant		commitments
						2023	2022
						E	E
	Commitments		at 6	April 2022		(519,949)	(979,000)
	Grants	paid out during			the year	769,766	800,100
						249,817	(178,900)
	Commitments		at 5	April	2023	275,407	519,949
	Charge	in Statement		of	Financial Activities (note 4)	525,224	341,049

Balance at	Resources	Revaluations	Balance at	Resources	Revaluations	Balance at
6April 2021	expended gains end losses		6April 2022	expended	gains and losses	6Apdil 2023
E	E	E	E	E	E	E
42,274,834	(89,119)	936,558	43,122,273	(88,696)	(753,805)	42,279,772
42,274,834	(89,119)	936,558	43,122,273	(88,696)	(753,805)	42,279,772

				Movement	in funds		Movement	in funds
			Balance at	Incoming	Transfeo	Balance at	Incoming	Transfers	Balance et
		6	Apdil 2021	resources		6Apdil 2022	resources		3Apdil 2023
			E			E
Special	reserve
fund			525,010	324	(175,000)	350,334	8,150	50,000	408,484
			525,010	324	(175,000)	350,334	8,150	50,000	408,484

17	Analysis ofnet assets between	funds
		Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
		funds	funds		funds	funds
		2023	2023		2022	2022	2022
		6	E		E	E	6
	Fund balances at 5 April
	2023are represented
	by:
	Investments		42,150,920	42,150,920		42,987,828	42,987,828
	Current assets/(kabilities)	(5,140)	128,852	123,712	(162,580)	134,445	(28,135)
	Long term liabilities	(36,500)		(36,500)	(224,625)	—	(224,625)
		(41,640)	42,279,772	42,238,132	(387,205)	43,122,273	42,735,068

Cash gener	ated from operation	s			2023	2022
					E	E
(Deficit)/surpus for the year					(496,936)	1,303,815
Adjustments	for:
Investment	income recognised	in statement	offinancial	activities	(935,816)	(861,364)
Loss/(gain)	on disposal ofinvestments				342,194	(98,717)
Fair value gains and losses on investments					411,611	(837,841)
Movements	in working capital:
(Decrease)	in creditors				(240,264)	(463,188)
Cash absorbed by operations					(919,211)	(957,295)
Analysis of	changes in net funds
The charity	had no debt during	the year.