Charfty regtslrallon number 2214971England and Wale$l CHILDWALL OPEN SPACES TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 MARCH 2025 CHILDWALL OPEN SPACES TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustoes The MarqLW of Sdislyjry KG KCVO PC DL Mr Jw8my Whitaker Lo Mr Roger Morris OBE DL Chartty number 221497 AG¢ountsnts mitc￿11 Chthesworth Suites C.D,E. & F 14th Fknr Th8 PLqza 100 Old Hall Street Liverpoo] L3 9QJ Bankers Bardays Bank Pk 48b & 50 Lord Street Liverpo L2 1TD Inv8siment advi8or8 Redmayne Bentsy LLP 3 ￿￿llingtOn Pla L*ls LS14AP CHILDWALL OPEN SPACES TRUST CONTENTS Page Tru8tee8' report Statement ofTnJ5tses' rew¥it4ths Ind¢perbJent ¢xaminefs r¢pc statement of financid acliifjlies Balance sheel Notes to the accounts 7-14 CHILDWALL OPEN SPACES TRUST TRUSTEES. REPORT FOR THE PERIOD ENDED 30 MARCH 2025 The Trustees present their report arKI &xounts forthe wiod erKled 30 Mard) 2025. The accounts have b8en pryed in ￿Lm￿dance wlth tho acccwitiTrJ pJi¢ltrs $6t c￿rt In note 1 to ts accounts and comply the charity's Trust Deed: the Chantie8 AGI 2011 and 'Actounting and ReF<)rting by Charits'es.. Statement of R￿0MMended Practice appl￿b￿ to charities prwng their accounts In accordance with thè Finandal Reporting Standard applcable in the UK aThJ Rawtdic of Ireland IFRS 1021. la8 amanded for cx)utrting pertcKls commenaro from 1 2019). The ￿ount8 have departed from the Charrties (Accounts aKI Rewrtsl Regulations 2CK)8 only to th8 8Xt8nt roquired lo p*ovlde a irue and fair view. Thi$ dep*ture h8s invc4ved folSry*ing the Statement of Recommended Practice for charities 8Fplying FRS 102 rather than ts version of Statement of Recommended Practico ich is referred lo In the RegulatIc￿S t￿rt has sirte been ￿drnwn. Objedves and a¢tlvllles Childwall Open Spacos Trust was f￿rn￿l by the fwrth Marquess of Salisbwy, E(G. under a Trust Deed dated 1 JLdy 1938. Certain open spaces in Chiklwall and Kèvertree in Cty of Liverw)ol V•ere leased by Lor(J SalisbLry Bnd the Gas(wng Ceal Estates Conyny lo the trusiees for a te￿ of 999 year6 from 1 July 1938 at a F¢pper¢om rent. Under the Trust Deed the trust8es are Ifirected to IK)kJ the Op￿ spaces and the rents and proffts thereof and the oceeds of any sale thereof for tharItab￿ purFK)ses for the L*nefft of the inhabitants of the parith85 01 Broadgreen 8nd Chik￿all and the adjoining Fash of and SLKh persons as M￿h1 pro￿rty be the jects of a ChatitatAe TrusL Achlevem¢nts and perfomiance The ¢hartty's major role is to m8k8 rts property availab￿ ￿ charitable ￿. The dArity has contlnued. as for many years. to sulhlease prO￿ty to tsvo registerwj d￿rities, ￿Vertree Gard&n Subuffo Institute (charity mber 1067999) and Cheknwd and District Welfare Asso¢iation, nomiaty known as CADWA (charity numiRr 5211801. Trustee8 meet wth r8pr8sentatives of tenant charities reguL4rfy to ensure Ihal we C￿tinU& lo understand and can resp¢*d to Iheff needs 8NI priorilies. We malntalned contiNous contaca wilh both of our tenants pwross ha¥ cwtinued to b8 rn&Je regardir some 8ign6ficant building Mairrtenan￿ Issues. Th8 trustees seek to m8n8ge the total unrestsicba at their thspJ8al In lh8 best interests of the charlty 8nd its tonef￿larIes. FlnanGlal revlew ¢￿erall income for the 18 month period to 30 M8rch 2025 amcmjnted to £29,555, an inuease of £10,919 on th8 pre￿ou$ 12 morth period. After dedudion of expentjiiure of £40,564 aTrJ an ov¥811 gain on investmwts of £13,954, net movement on fvnds amounted to a surplu8 of f2,945 as set out in the Statement of Flnancial Activ￿08. Total unre5trcted knds as at 30 March 2025 are £472,419. Res8Nes The truste8s Eeek to manage the tL*al unrestiicbj fimds at Iheir rfisp)sal in ts best Interests of the charity 8nd Its benefioaries. CHILDWALL OPEN SPACES TRUST TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 30 MARCH 2025 Invgstmgnt pollcy The trustees, policy. in line with the powers and duties contained in the trust deed an(5 relevant 5talutes, is to seek expert advice in order to invest the Charity's funds in a diversified range ol inveslmenls. Iruslee5 aim in this way to balance tr￿0 different requirements.. achieving a salisfaclory current income and seeking longer-lerm capital growth. Investment performance and the service provided by the appointed advisers are monitored regularly and discussed by trustees al least annually. Rlsk management The Iruslees have considered the risks to whieh the eharily is exposed, have taken steps lo manage and mitigate known risks, and have a policy of updating their assessment of the risks to the charity al least annually. The Iruslees currently consider that the principal risks lo which the charity is currently exposed are the potential consequence5 of adverse investment decisions or unexpected changes in investment markets. and the possibility of unforeseen problems arising in connection with the charity's leasehold assets and the organisalions which are their lenanls. Structure, governance and management The Trust was established by a charitable Trust Deed dated 1 July 1938 and was registered 88 a charity on 24 July 1963. The Trustees who served during the period were.. The Marquess of Salisbury KG KCVO PC DL Mr Jeremy INhilaker Lowe Mr Roger Morris OBE DL In accordance wlh the trust deed, trustees are appointed by the Marquess of Salisbury for the lime being. Publlc beneflt The Iruslees have paid due regard lo guidance issued by the Charity Commission In deciding what activities the charity should undertake for public benefit. Plans for the future As al the dale of this reptsrt the trustees expect the investment income wll continue to be sufficient for the needs of the trust. We are continuing to discuss how be5110 support our two lenanl charities and offering some support lo other Charibes and voluntary groups operating in our beneficial areas. The Trustees, rep rt was approved by the Board of Trustees. MrJerg y Whltaker Lowe Dated.. CHILDWALL OPEN SPACES TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE PERIOD ENDED 30 MARCH 2025 The Trustees aré reswnslble for prepariw tho Trustees. Report and the accounts in accordance ¥￿th apFlcable law aNI United IQD￿j(￿n ACC￿nting Standards (Uniw Ger*r811yAcceptedAccountiw Practic81. The law applicd)le to ¢haribes in ENJ]￿￿ and reqLures ts Tnjstees to prepare accounts for each ￿anCial year whith give a true and fair wew of the state of affair5 of Ihe charity of the IncomirvJ reSoUr￿S and applulion of resource5 of the ch8rity ￿ that peri¢xl. In preparing xcourrts, the Trustees are wured to: - select 8Uitab18 accounting policies and aFpty them crThistenUy, - observe the m8th¢)Js and prinuples In the Ch8rttie8 SORP,. - makeju<*Jements arKI estimates that are reas(x￿￿e pr - state lthether appliceble ￿l￿￿Ing standwth have been foltthv&J. sui4ect to ary material dep8rtur8s disclo8ed exrA&ned in the aC￿Unts: - rxepare the accounts on the golNJ cLNKem ba￿5 urless il is inappropriat8 to wosume Ihe tharity will continue in operation. The T￿te@S are rBsponsibte for k￿pIng sulThCi￿t ￿)￿ling r￿c¥d8 that (fisdose wlh reasonable accuracy at any lime the financial p0s￿On of fhe ¢￿itY a￿1 enable thern to ensure that the accounts comply wSlh Iho Charities Act 2Q11, the Charity (Accounts and Rewrtsl Regulatrjns 2C(18 arKJ the pThisions of the trust deed. They are also resp￿sitI￿ for safeguarding the assets of tho charity and hence for taking reason8trAe steps for the prevention and dgtection of fraud other Irreg￿ant1e3. The law applcable to charities in Englarwj aThJ Wath wuires the Trustees to rMepar8 ffinanraal statements fcjr eath financlal period which gNe a true and fair view of the stat8 of affair5 of the charfty and of the itKcmlng resources aml application of r8sourc8s of the charity that p￿1￿. In preparing the8e fin8rrial statements, the TDJstees aw required to: - 8elecl suitable accOLtt￿n9 policies and then appty them ￿)n￿stenty' - observe the methods and prinryples in the Charibes SORP" - make judgements and estimates that ar8 reasonak￿e arKI pnxjentr. - sts18 wh8ther applicable accounting starthrds have been follth¥ed, SUL4.&￿ to any rnaterlal departW8s dlsclos and explained in the financi818tslements,' and - preparo Ihe financial statements on the going cciw basts ule88 it is in4wowate to presum that the charity 11 conts'nu8 in op8ralion. The Trustses are reswn8l￿e ￿ keekyrwJ sufftient ar￿UntIng T￿￿dS that i*sclw vrith reasonallo at any limè the finand81 tK)siiJon of the ch￿ttY and enable them to ensure that the finandal statements COM￿ wryth the Charlaes Act 2011, the Charity (Acwjnts and RepfNts) RegulatfvMs 2008 provisions tsf the trust deed. They are also responsible for safeguarding the assrts of Ihe charity for takiTrJ reasonable Steps far t prevention arKI detection offraud 8nd other irregukriues. CHILDWALL OPEN SPACES TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHILDWALL OPEN SPACES TRUST I report lo the Trustees on my examination of the financial stslements of Childwall Open Spaces Trust Ilhe charity) for the period ended 30 March 2025. Responsibilities and basis of report As the Truste6s of the charity you a￿ responsible for the preparati'on of the financial statements in aceordance with the requirements of the Charities Act 2011. I report in respect Df my examination of the charily's financial statements carried out under section 145 of the Charities Act 2011. In Carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charib'es Act 2011. Independent examlnerfs ststement Your attention is drawn lo the fact that the charity has prepa￿d the financial slalements in accordance with the levanl version of the Slalemenl of Recommended Practice applicable lo charities preparing their financial statements in accordance wlh the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities." Slalemenl of Recommended Practice issued on 1 April 2005 which is referred lo In the exianl regulations bul has now been withdrawn. l understand Ihal this has been done in order for the financial statements lo provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me Cause to bfjlieve that in any material respect.. accounting records were not kept in respecl of the charity as required by section 130 of tho Charities Act 2011. the financial slalements do not accord with those records,. or the financial slalemenls do not comply with the applicable requirements conceming the form and conlenl of financial stslement5 sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 connecb'on with the examination to which attention should be drawn in this report in order lo enable a proper understsnding of the financial slalemenls to be reached. ony Stanley ACA Mitchell Charle5WOrth Suites C,D,E, & F 14th Floor The Plaza 100 Old Hall Street Liverpool L3 9QJ Dale". ..Is.lull. CHILDWALL OPEN SPACES TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREAccouKr FOR THE PERIOD ENDED 30 MARCH 2025 Unrestrfcted Unrestricted funds fuTrJs 2026 2023 Charitsble activrtses Investments 3￿ 29.255 2CQ 18,436 Total Income 29,555 18.636 Rasing funds 2.427 3,591 Charitabl8 8Ct'vities 38,137 27.503 Total expondlture 40,564 31.094 Net gain8J{losses} on Investments 11 13,954 I23.6￿) Net movom&nl In funds 2,945 136.0601 Fund balances at 1 Octoter 2023 469,474 505,534 Fund balances at 30 March 2026 472,419 469.474 Tho slatem8nt offfinarrial &tiwties 811 gains aThJ losses re(>3grised in Ihe p6￿d. All mov8m8nts are in ￿SpeCt of unrestrided ftuvjs. The statement of fin8naal activities irKJudes all gains and Ios8es re(£gnised in lh8 Fertcd. Al ncclne and expendlture derive from C￿tinuIng admties. CHILDWALL OPEN SPACES TRUST BALANCE SHEET AS AT 30 MARCH 2025 2025 2023 Notes Flxed assets Tangible assets Investments 12 13 8.230 447,388 8,230 424,630 455,596 432.860 Current assets Debtors Cash at bank and in hand 15 178 21,865 1,376 38,988 22,043 40,364 Creditors-. amounts falllng due wlthln one year 16 15,2201 13,7501 Nel current assets 16,823 36,614 Total assets less current liabilities 472,419 469,474 Th& funds of the charlty Unreslricled fund5 472.419 469,474 472,419 469,474 The accounts were approved by the Trustees on . loL Mr Jer Truste y Whitaker Lowe CHILDWALL OPEN SPACES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 MARCH 2025 At¢ountlng pollcles Charlty Infornwtlo Childwall Open Spaces Trust is a d￿rity welered in EThJl8TrJ and Wales. The pri￿paI address 18 2 Swan Ik, London. s￿ 4JJ. 1.1 Accountlng conventlon The acc¢wnts have been wepar&J in accordance wilh the charills Trust DO￿, th6 ChaTites Act 2011 and 'Accounting and Reporting by Charities." Statement of Recommended praCt￿e appli¢able to charities preparing their accounts in aCcorda￿e wilh ts Financlal Re￿￿ng Stand8rd applicaLle in the UK and Republic of Ireland {FRS 1021" {as arn8nded for aCC￿nting pèriixls commencing from 1 January 201gi. The chartty Is 8 Publlc B￿effit Entity as defined by FRS 102. Tho accounts have (knparted frunts Inclus￿8 of VAT. Crftlcal accountlng estlmates and Judgenwnts In the aprAication of the a¢¢c4fft1iNJ ￿fides. the TnJ8tee8 are required to make ju(￿eMents, estimates assunwlirms a￿)ut the Lsrying amount of assets and liabilities that are not readily apparenl from other sources. The estimates and aswiated assumptions are based on historicAI experien￿ and other factors that 8r8 consider￿1 to be relevanL Adual results may dlffer from these estimatss. The estimates and undertyirtsJ assumptions are ￿eWed on ￿ orying basts. Re￿310n5 to aco)unting 85timales r￿Qgr￿Sed in the perirAI in the estimate 18 revi88J where th& revisTron affects cnly that peri¢Jl, or in the period of the revision and fuiure periods vthere the revision aff8cts both current and fijture periiyjs. There We￿ Tr) ¢rTti¢al ac¢ountiro estimates arml jud3￿)ts in the Preparati(￿ of th&se finarKial Elatements. CHILDWALL OPEN SPACES TRUST NOTES TO THE FINANCIAL sTATEmE￿s (CONTINUED) FOR THE PERIOD ENDED 30 MARCH 2025 Charltable actlvltl98 2025 2023 Chaiiable rental Ir￿(￿ne 200 Investrnonts 2025 2023 Income from l¢ted invesiments Interest re¢￿vabl? 24,988 4,267 14,944 3,492 29,255 18,436 Ralslng funds 2025 2023 Investm&nt management 2,427 3,591 Charitable xtmtles 2026 2023 Grant fijnthng of activitses (see note 7} Share of gLwemarKe costs (see note 81 7,000 31,137 14.000 13.503 38,137 27,503 10- CHILDWALL OPEN SPACES TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE PERIOD ENDED 30 MARCH 2025 Grants payable 2025 2023 GTants to in$tiiutions.' Wavertree Garden Suiwrb Institsjte exander Rose KIND MICAH Feeding LIver[￿l Chanr￿} donation 10,000 1,000 1.000 1.O¢XJ 1.000 3,000 1.000 2.CQO 1.000 7,DJO 14,000 Support costs Support Govornancè costs costs 2025S￿￿)rt costs Govaman 2023 Insurance 3,339 3,339 2,240 2.240 Accountancy Legal and profess￿nal Bank charg8S Repairs 4.230 22,871 97 600 4.230 22,871 97 2.250 8,938 75 2,250 8.938 75 31.137 31,137 13.503 13.503 Andy8ed belween Charitable actmties 31,137 31.137 13.503 13,503 The Trust allrkates supwrt a￿1 9)VeM￿ costs a bags ¢￿￿Stent with the use of res0￿. None of the Trustees any persons (￿nnthd ￿ them) ￿ved any remuneration or re1ml￿r8em￿I for expenses duriThJ the perf(Kl.12023: £nil). 11 CHILDWALL OPEN SPACES TRUST NOTES TO THE FINANCIAL STATEMENTS (CO￿lNuED) FOR THE PERIOD ENDED 30 MARCH 2025 10 Employ•es There were no employees thring the per￿￿J (2023: rK)ne). 11 Net galnslllossesl on Investments 2025 2023 Revaluation of Investments Gainll1058) on sale of investments 9,700 4,254 (28,746) 5,144 13,954 (23,6021 12 Tanglble Ilxed assets land and bulldlng8 At 1 0ctotr￿r 2023 8,518 At 30 Marth 2025 8,518 Deproclatbn and tmpalrnent At 1 October 2023 288 At 30 Marth 2025 288 Carrylng amount At 30 Marth 2025 8.230 At 30 September 2023 8.230 The trustses reviewed the fAJrrent value of Ihe krKI an ￿lId1r￿ dwing the year and il was agreed that no impairment was n8c8sswy (2023: impaimwrt of £niD. 12- CHILDWALL OPEN SPACES TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE PERIOD ENDED 30 MARCH 2025 13 Flxad asset Investments Cash In portfollo Total Cost or valuallon At 1 October 2023 AddtbDns Valuation Cash mOV￿ent Di8kVJ8818 414,625 71.528 97C 10,OOS 424,630 71,528 9,700 2,748 161,240) 2,748 (61,240) At 30 Mwch 2025 434,613 12,753 447,386 Carrylng amount At 30 March 2025 434,613 12,753 447,366 At 30 Septhber 2023 386,618 38,012 424,630 14 Flnancial Instruments 2026 2023 Carrylng amourtt of flnanclal as80ts Debt instruments measured al wnortised cost Instrum￿1$ measured at f￿r value throu￿ thé SOFA 34,618 434,613 49,093 414,625 arrylng amount of flnanelal Ilabllltles Measured * arr￿Sed 5,220 3,750 Finanaal assets measured at amortl8ed cosl CC￿lsts of debtors and bank bala￿. Instruments measured al fair value ￿SiStS of Ihe investment wJrtkAio. Finanoal liabilitie5 measured at amorllsed ￿nsISts of ￿u￿S. 15 DebtOTS 2026 2023 Amounts falllng dué wlthln one year. Other debtors Prep8yThents and accruwj incon IC() 1,276 178 178 1,376 13- CHILDWALL OPEN SPACES TRUST NOTES TO THE FINANCIAL STATEMENTS (coKnNUED) FOR THE PERIOD ENDED 30 MARCH 2025 16 Credltorn: amounts falllng duo Thlthln one year 2025 2023 Trade credito Accrual8 1,020 4.200 3.750 5.220 3,750 17 Related party transactlons Ther8 were rts) rdated pwtytransacbon5 durry the Fwkyj {2023.' n(Th). The trustse8 are also the key man¥Jemenlof th8 tn￿1. 14-