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|Trustees||Sir Algernon<br>Heber-Percy|Sir Algernon<br>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<br>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<br>Place||
|||London||
|||E14SHP||
|Investment|Managers|Schroder K Co Limited||
|||1London Wall Place||
|||London||
|||EC2y 5AU||





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||||Page|
|---|---|---|---|
|Trustees'<br>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|





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|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|





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|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|





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|||||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<br>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)<br>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|





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||||||||||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||





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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|6||6||
|Cash flows from operating|activities||||||||
|Cash absorbed<br>by operations||||20||(919,211)||(957,295)|
|Investing<br>activities|||||||||
|Purchase of mvestments|||||(10,046,803)||(3,331,443)||
|Proceeds fram disposalof|investments||||10,129,906||3,638,684||
|Investment<br>income received|||||908,325||803,865||
|Net cash generated<br>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|





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|||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|





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|Charitable<br>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<br>paid of620,000or more during the|||year:|||
|University<br>ofLiverpool||||12D,DDD||
|National<br>Gardens Scheme||||100,000||
|Royal National<br>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|





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|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<br>between||||||||
|Charitable<br>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|





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|||||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<br>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|





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|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|





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|Balance at|Resources|Revaluations|Balance at|Resources|Revaluations|Balance at|
|---|---|---|---|---|---|---|
|6April 2021|expended<br>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|





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|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|



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||||||||
|---|---|---|---|---|---|---|
|Cash gener|ated<br>from operation|s|||2023|2022|
||||||E|E|
|(Deficit)/surpus<br>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<br>by operations|||||(919,211)|(957,295)|
|Analysis of|changes in net funds||||||
|The charity|had no debt during|the year.|||||