THE NATHANIEL REYNER TRUST FUND CHARITY REGISTRATION NUMBER: 223619 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
THE NATHANIEL REYNER TRUST FUND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CONTENTS Page Charity Infomiation Trustees, Report Statement of Tnjstees, Responsibilrties Independent EXamineS Report statement of Financial Activities Balan Sheet Notes to the Financial Statements 8-10 Distributions made in the year Summary Income and Expenditure A(tount 12 Investmènt Schedula 13
THE NATHANIEL REYNER TRUST FUND CHARITY INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trustees Mr R Redfem (Chairman) MrFNWard Miss J Hope Mr S Keenan Mrs P Cansfield Mrs V Dowling Mr RJ Poole Ms KA Roche Mrs SJ Sillrfant (appointed 9 April 2024) Secretsry Mr L W Downey MA (Oxon.) Bankers Barclays Bank PIC Investment Managers Investec Wealth & Investment Limiie(I 100 Old Hall Street Liverpool L3 9AB Independent Examiner Stephen Leonard Counting for Communities Ltd 16 Holmwood Drive Liverpool L37 1PQ Registered Office Ripley House 56 Freshfield Road Formby Liverpool L37 3HW Registered Charity Number 223619
THE NATHANIEL REYNER TRUST FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their report and the accounts for the year ended 30 September 2024. The accounts have been prepared in accordance wrth the accounting policies set out in note 1 to the accounts and comply wrth the fund's trust deed. the Charrties Act 2011 and the 'Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effethve 1 January 2019),. OBJECTIVES AND ACTIVITIES The charitable objectives of The Nathaniel Reyner Trust Fund now fall into three separate categories, namely". 1. To provide financial assistan and support to the Unrted Reformed Church in the Merseyside regiofl. 2 To provide assistsnce and support to the Baptisl Church in the Merseysth wion. 3. To give financial support and assistan to any other general charitable objects. The division of the funds as between the three objects is at the discretion of the trustees. With regard to the general charitable objects, the main factors taken into account by the trusteès when considenng an application for assistsnce are the following: 1. The organision applying for the financial assistan must be a registered charty. 2 The trustees do not consider applications from Indivua1s, although that may be a matter for the Grant, Bagshaw, Rogers and fidswell Fund - see separate report. 3. The trustees give priority to charities who are etther based in Merseyside or who give assistsn and support to individuals who live on Merseyside. 4. The trustees give pnorty to "smaller. charitable organisattons rather than "national" charities. 5. The trustees will not nomalty support funding of medical research or donations to a particular church or denominalion {unless the project is communty oriented to a signthcant extent). PUBLIC BENEFIT The trustees are satisfied that Ihe objectives of the charity have been met and that they have had due regard to the Charity Commission's Guidan on Public Benefit.
THE NATHANIEL REYNER TRUST FUND TRUSTEES. ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 GOVERNANCE In respect of each of the three objects referred to applications are considered by small sutF commrttees comprising hvo or three trustees. who take prime responsibilty for reviewing needs and making recommendations lo the trustees as to payment of grants. The iM)dy of truslees meets on hvo occasions in the year and then authorises Ihe appropnate payments. FINANCIAL REVIEW The trustees review the operation of the Investment Portlolio on a periodic basis to ensure that its perfomiance meets the funds objectives. The value of the fund as at the 30 September 2024 was £1,423,21812023'. £1,270,955) and of this sum the market value of the ql)ted investments was £1,366,931 12023.. £1,218.9461. The net inflow l (oufflowl from the fund (after deducting all expenses but before gains on sale of investments) amounted to £5,354 ouffiow (2023 £11.571 oufflow) for the year under review. In relation to the quoted investments referred to in the balan sheet the trustees are advised by Investec and the trustees have an Investment Gommittee which meet5 at regular intervals, those meetings being attended by a representative ot the investment managers. With approval of the Charity Commission, the quoled investments a now vested in the nominee name of Investec. The investment managers have discretion to deal with the investments but all transactions are reviewed by the Investment Committee and thereafter by the Irustees of the fund. RESERVES POLICY 11 IS Ihe policy of the fund to ensure that sufficient unrestricted funds have been maintained to Gover the fund's grant making during Ihe year. RISK FACTORS The trustees have assessed the major risks to whith the fund is exposed, atyj are satisfied that 5yStems are in place to mrtigate exposure to risk. The trustees recognise the risk associated Vth investment in mainstream financial markets and accept this risk in retum for the prospect of additional tUrnS over longer periods of time. On behaff of the board of trustees Mr R Redfem (Chairman) Trustee Date
THE NATHANIEL REYNER TRUST FUND STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees are responsible for preparing the accounts in accordance with applicable law and United Kingdom Generally Apted Accounting Practice. Law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give true and fair view of the fund's financial acttvities during the year and of rts financial position at the end of the year. In preparing accounts giving a true arKI fair view. the trustees should follow best practice and.. select suitable accounting policies and then apply them consistentty: make judgements and estimates that are reasonable and prudent: stato whothor applicable accountin9 Stand?rds and •tatemont4 of r¢commGndcd praGtic have been followed subject to any departures disclosed and explained in the accounts, Prepa the accounts on the going concern basis unless rt is Inappropriate to presume that the fund will continue in operab.on The trustees are responsible for keepin9 pfoptrr accounting recor(Is which ¢Jisuose wrth reasonable accuracy at any time the financial positson of the hjnd and enab them to ensure that Ihe aGcount6 comply with the applicable law. They are also responsible foi safeguarding the assets of the fund and hence for taking reasonable steps for the prevents.on and detection of fraud and other irregularities.
THE NATHANIEL REYNER TRUST FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the accounts of the Trust Fund for the year ended 30 September 2024 which are set out on pages 6 to 10. Respective responsibilities of trustees and examtner The fund's trustees are responsible for the preparation of the accounts. The fund's truslees consider that an audit is not required for this year under section 144(21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to., examine the accounts under section 145 of the 2011 Act., follow the procedures laid down in the general Directions grven by the Charity Commission under sedion 145(5){bl of the 2011 Ad, and state whether particular matters have come to my attention. Basis of independent examlnerfs report My examination was carried out in accordance wtlh the general Directions given by the Charty Commission. An examination includes a revrew of the accounting records kept by the charity and a comparison of the accounts presented wth those records. It also includes consideralion of any unusual items or disc5osure in the accounts, and seekirrfJ explanations from you as trustees conmIng any such matters. The procedures undertaken do nol provide all the evidence that would be required in an audit and consequentty no opinion is given as lo whether the accounts present a "true and fair view" and the report Is limrted to those matters set out in the statement below. Independent exarnlnefs Statement In connection wth my examination, no matter has come to my attention.. 1. which gives me reasonable cause to bdieve that. in any material respect. the requirements.. a. to keep accounting records in accordan with section 130 of the 2011 Act.. and b. to prepare accounts which accord wth the accounting records, comply wrth the accounting requirements of the 2011 Act have not been met,. or 2. to which, in my opinion, attention shoukl be drawn in order to enable a proper understanding of the accounts to be reached. Sned.. Date.. Name.. Stephen Leonard Professional qualffications: BA. FCCA Counting for Communities Ltd 16 Holmwood Drive, Liverpool, L37 1PQ
THE NATHANIEL REYNER TRUST FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Funds 2024 2024 2024 Revenue Caijial Total Furvj Fund Fund 2023 Total Fund INCOMING RESOURCES IrNestments 48.135 48,135 41,416 Totsl incoming resources 48,135 48,135 41.416 RESOURCES EXPENDED Raising fiJnds Charrtable activities 11,123 11,123 42.366 10,e67 42,320 42,3&S Total resources expeThJed 42.366 11.123 52.987 et inetiThing r•8ourees 5,769 {11.123) {5,3541 111,5711 ProfrtllLoss) on investmerrt sales Gainl(Loss) on revaluation of investrnents 21,620 21,620 7.823 135,997 136,997 10.149 Net nK>ven*nt in funds 5,769 146,494 152,263 6,401 Furml balances brought forward 36,554 1,234,401 1,270,955 1,264,554 TOT FUNDS CARRIED FORWARD 11 42,323 1,380.895 1.423,218 1,270,955
THE NATHANIEL REYNER TRUST FUND BALANCE SHEET AS AT 30 SEPTEMBER 2024 Note 2023 Fixed assets Investments Deposrt kcounts 1,366,931 13,964 1,380.895 1,218,946 15,455 1,234.401 Current assets Dobtors Cash at bank and in hand 459 4£025 38.759 Less . Current LiabilitiOS Credrtors knount falling due within one year 10 (1285 {2,205> Net cUt assets 42.323 Total assets less current liabilth.es 1.423.218 1.270.955 Urtiè$trict•d Funds Caprtal fund Revenue fund 1,380.895 42.323 1,234.401 36,554 1,423,218 1,270,955 The capital fund includes unrealised gains of £277,4W {2023 . £176,826) The financial statements were approved by the trustees Mr R Redfem Ichaimianj Trustee Mr F.N. War Trustee Date
THE NATHANIEL REYNER TRUST FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 1 ACCOUNTING POLICIES 1.1 Accounllng convention The financial statements have been prepared under the histoncal cost convention modffied by the inclusion of investments at market value and in accordan wilh the Charit$ Act 2011 and 'Accounting and Reporting by Charibes.. Statement of Recommended Practi for charities, applicable to charrties prepanng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffeclive 1 January 20191. 1.2 Incoming resources All incoming resources are included on the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Investment Income is included in the accounts on the date payable and is the actual amount received. Bank deposrt interest is recognised in the period in which rt relates. 1.3 Re50urcea expended Charilable expenditure comprises those costs incuffed by the fund in the delivery of Its activities and seNices for its beneficianes. It includes costs that can be allocated directly to such activities. Liabiltty Recognrtion - liabilth'es are recognised as soon as there is a legal or constructive obligation commrttirvJ the charity to pay out reSoUrs. Distributions - are charged in the accounts in the period in which they are payable. Governance costs- include those costs assoaat&J with meeting the constitutional and statutory requirements of ihe fund and includes the independent examiners fee and costs linked to the strategic management of the chanty. 1.4 Investments Investments are included in the balance sheet at market value. 1.5Taxatlon The charty is exempt from corporation tax on tts charrtable adivth.es and is not wistered for VAT.
THE NATHANIEL REYNER TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Note INCOMING RESOURCES Investnnt Incon kncome from listed investments Interest scellaneous income 2024 2023 44,520 $83 3,032 48,135 39,971 459 41,416 RESOURCES EXPENDED Raising funds Investrnent Trknn8g8nent costs 2024 11.123 11.123 10,667 10,667 Charitsble activities Direct Charitable Expenditure Grants payable 2024 2023 36,001 36.252 Support & Governance Cos ScGrdarkii ts3 lrbkIt examinerfs f$ PayMts to trustees 5.455 710 21)0 42.366 5.188 2CM) 42,320 Trustees. Expenses The trustees were rmbUrSed to the sum of £2CQ for expenses duriro the year {2023 .' £2} Trustees. Remuneratlon and Beneflts There were no trustees, remuneration or other Lweffts for the year 30 September 2024 rK)r for the year endèj 30 Septemter 2023 Emplostes There were rKJ employees during the year
THE NATHANIEL REYNER TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEM8ER 2024 Note Fixed P6set Investments Market value: At 1st October 2023 ddrtions in Ihe year DisF)sals at OFening market val Change in value in the year 1.218,946 158,998 (147,011) 135.998 30th September 2024 1,366,931 Hlstorlcal cost: At 30th September 2023 1.042.120 AI 30th Septemter 2024 1.089,531 2024 2023 Debtors Accrued interest other debtors 459 2024 2023 10 Creditors SretarIa1 fees Other creditors IrxleFeTrJent Examirs fee 1,375 1.325 2C(I 710 2,205 11 aIlS of net assets betsren funds Revenue Funds Capital Funds Total Balances at 30 Septgnter 2024 are. Investments Current assets Credrtors falliro due within one year 1,380.895 1.380,895 44,608 (2,2851 {2,285) 42.323 1,380,895 1,423,218 10
THE NATHANIEL REYNER TRUST FUND DISTRIBUTIONS MADE DURING THE YEAR FOR THE YEAR ENDED 30 SEPTEMBER 2024 Baptist Objects Northern Baptist College BMS ErseYS1de Forum Aintr Baptist Church North Westem Baptist Association B Vèrsèyside Ft)rum United Refomd Church Objects St James hOdiSt URC Highfidd URC Alerton URC Christ Church URC, Haydock jrthern Col*e 1.176 6,325 13,501 Gènèral Charltablo Objèetsk Si Paul's Church LftherlarKI Be Free Campaign Sunny Days Children's Fund The Children's Adventure Farm Trust St Hilda's Church Dream Holidays Kids Konnecl Support Through Court Sailors Children's Society Bradbury Fields Church Homdess Trust 1,625 1,625 1.625 1.625 13,SOJ 36,001 11
THE NATHANIEL REYNER TRUST FUND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Incon Investment income Interest MscellarEous iOrne 44520 583 3,032 48.135 39,971 459 41,416 nistration Ex Secretarial fs Investment expenses tt & accountancy Trustee exFenses nses 15.4551 (11.123) (7101 (5,188) (10,66n (680) 12W) (16.735) (17.488 Income less administrati 30.647 24.681 Less distribLrtions m durirvJ the year {36,001) 1%.252) Net income b8fore investrnent disposals (S.3S4) {11.571) Gainl{Lo881 an Sa of investmerrts 21.620 7,823 t income for the year 16.266 (3,748) Funds for distribution Income dministration expenses Dislributions Balance brought forward 48.135 16,365) (36,001) 41.416 {6,C68) 136.252) 37,458 Amounts available dÉstribLrti( 41323 12
THE NATHANIEL REYNER TRUST FUND INVESTMENT SCHEDULE AS AT 30 SEPTEMBER 2024 IAark•t Valuo VA8rket Valutr Unlts UK Gov4.25% Srr071C6132 £11KKI 39.wj 39.9)3 40.iS3 UK Govl 75% Sry 071CB137 £11J)J 53.93J 38.838 41.1 UK Govhx Lk(J 2210312029 13.840 20.8TI 22.452 FIL knwSeNUK klw BL &1.5 65,05¢ 51.522 GCP IrtstDJcifft £0.01 24.370 27.62e 19.191 Ro¥AI L(thn ijtrn Stertifg CAFtht 2 $3.489 74.292 e5,310 hares h PIG USD 3.640 20.375 18.055 catal knlwnal Fd CAP Gp Gt4 Hi 1 1, 27.597 28.1 M8G Se¢urilEs Ltd GtA Floatirg 20.016 20.015 18.423 Croda Inti £0.IiK1 22) 1&PJ2 9.27fj 8HP BillilM PLC usrxj. 10.411 F&0 finlo Ord O YO 12.716 Halmo Ord to. 10 ?2.125 Bunzl Ord £0.3214 14.839 Expen PIC Ord 17.692 thaw G8P 0.28 12 Crarwck 0j £0.10 15.075 PIC Ord £0.03111 &1 AslrazerEca Ord USD 0.25 Greggs Ora £0.02 A0 Trader ¢>0¥ ¢)¢ £0.01 CDtnp35s Glwp otd £0.10 National (d Ord £0 124312 HSBC Hh1g5 Ord USD 0.1 Aw¥0 G8PO.26 Ltyal S Gtyal Ord £0.025 Phoeryx Gp 9$ Orf £0.10 London St Exch Ord to CW86 Schroder PLC Ord £0.20 £0 010519 13.858 Aterklh &nallw Cos Tst £0.01 1.¢YJ3 10.457 15.767 Aberdeen Std Fd Mg Efft) Equty 17.100 11.275 20.623 BA BA US Va C & 1,545 22.298 22.851 3,(135 8.275 40.916 Athi5w Fds BWN S1 Gth 48 47.684 Pak Fd5 Am¢) SlthiTrJ 1(Xl 10.980 17.013 M¢Jyan AM IX Ltd 40.85S 18.664 f6.2e7 Stkwjy Lht Tst Us SrrA Co2 12.5 13,669 Canath Imp Bank 1% S&P ACCE .350 38,495 71.263 M&G NJapan stlre Pp 21.mo 24.3W2 30.459 NP Parib8s ts5uan 6Trh r 8.172 F8Jn¢l Mirrts ki¥PH Asia ex 10 470 24.181 First sie Pxffjc Le 5.198 Lknrt Tsi Asian Z 14613 FJdty FK[ Gt4 Bart 240% MSCI Metnc Prw Ord £0 10 pnmy Prw GBPO 12S Taryet Heth3 £0.01 Tnlax Box (Jo £0 01 c Agljcde 7.9% S&P SP 240 11.722 10.7rJ 420 6.876 8.424 8.724 1 11.( 179 2.959 T24 7.414 7.114 1,7WJ 0,917 15. 476 2.711 11.398 1.446 11 14.897 4.315 26.546 28.880 2.470 14.371 8.C((J 9. 1.720 11. 137 10.297 2. 11. 19.260 25.289 56.531 39.220 20.638 .36e 31.818 47,625 41.75¢ 40.160 33.297 10.W 20.891 475 25.9S5 11741 9.187 16.7 13.813 15.058 13.435 lo. 91 g27 24.fD) 24 863 25.685 12.038 18. Erry EIDC 0.01 12.788 12. Orrl GBP O.CW1 25.154 27.837 r pliC Partrv Cd GBP 0.(()1 10.123 10,954 Sc4ar FL 38.(IJO 41.676 Theseo Plrysic* sec& Gd Lkt1 M.. 160 22.7 RHL 8k Caa 375% 8rurt CrLkle 13.070 10.731 7.788 33.178 12.978 30.533 30.301 9,598 18.1 9.619 14,¢XÈ5 GWID TOTAL 1,089,531 1.366.931 13