Charlty registration number 223623 (England and Wales) WEST DERBY WASTE LANDS CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1¢? xeinadin
WEST DERBY WASTE LANDS CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrPHNorth Mrs B Kerr Mrs J Driscoll Mr D Corlett Mrs B Anlrobus MrA R Heath Mr J M Hudson Ms J Driscoll MrSRPye Mr B Segar Ms J Mallon Charlty number (England and Wales) 223623 Principal address Ripley House 56 Freshfield Road Formby Liverpool Merseyside L37 3HW Independent examiner Helen Furlong FCCA Xeinadin North West Limited 46 Hamilton Square Birkenhead Wirral Merseyside CH41 SAR Investment advisors Inveslec Wealth & Investment 2 Gresham Street London EC2V 7QP
WEST DERBY WASTE LANDS CHARITY CONTENTS Page Trustees report Independent examinerfs report Statern¢nt of financial activits'es Balance sheet Notes lo the finaneial statements 9-17
WEST DERBY WASTE LANDS CHARITY TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustS present their annual report and finanoal slalemenls for the year ended 31 December 2024. The financial sl*ements have been prepared in accordance with the accounting policies set out in note note,note01 to the financial slalemenls and comply with the charity's governing document, the Charities Act 2011, FRS 102 'The Financial ReF)Orting Standard applicable in the UK and Republi¢ of Ireland" and the Chanlies SORP"Accounling and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordan wth the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021" Economic background The economic background in 2024 has been relatively benign- though far from excrting notsw'thstanding that the geopolitical difficulb'es of 2023 continueLI. It remains lo be seen whether the new administration in the USA, elected al the end of tha year, will hasten an end lo the war in Ukraine or the conflict in Gaza. The impact of those conflicts on economic activity has been largely absorbed, bui there can be no doubting the beneficial impact of a satisfactory resolution. Any such benefit may, however, be redUd by the proleclionist measur¢$ promised by Presidenl-elect Trump. Worfdwde, the rate of inflation continued to fall, albeit more slowly, and there have been some small reductions in interest rates. Rates in the UK may prove lo be slubbomly higher than elsewhere. As suggested in the Trustees, report for 2023 the big 'issue' for most mature economies has been. and continues lo be. that of grwth, or the absence of growth. The push for growth has been a particular feature of pronouncements by the new Labour government in the UK, although that government's tsx-raising budget has cast some doubt on its ability to generate any significant growth in the short lo medium term. Over the year the capitsl value of the Charity's investment portfolio increased by 0.01 % and ils income by 0.9%. Oblectives and actlvltles The primary objed of the West Derby Waste Lands Charity has always been the relief of poverty and the general benefit ol the inhabitsnls of what was the original Ancient Township ol Wesl Derby. For these purposes, the Secretary holds a copy of the plan or map of the original area and the Trustees are only permitted lo make grants to individuals Dr organisalions who live or are based within that area or whose activities are of demonstrable benefit lo inttividuals or organisations within th81 area. There is styll substantial need within tha area in relation lo both individuals and lo charitable organisalions. The'general benefrt, objeci now extends lo aid for the young, the old and the infirm as well as those in difficult fjnancial arcumstances. and to the support of a wide range of community- based activrties. The objects of the Charity are met by making grants lo other charitable organisations, local community groups and lo private individuals. In the case of ¢hantsble organisations careful enquiry is made as to the extent of the organisab'on's activities within this Charity's designated area andlor the extent to which th)se a¢tivilies benefit individuals or organisalions within that area. Details of the grants made to charitable org8nisalions and community groups during the year are $et out * pages 13 & 14 of the accounts. As stated above. individuals, to qualify for grant. must live wrthin the desgnaled area. The Trustees prefer that applications by individuals are supported by an independent organisation, and all applications for assistan must disclose full detsils of the income and assets of the individual applicant. PublF¢ benefit In view of the above rt is the trLtstees' opinion that the Charity continues to cleady pass the pU1C benefit test.
WEST DERBY WASTE LANDS CHARITY TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grant making 2024 saw a further fall in the quantum of grants awarded, despite a srnall increase In the number of applications received and the best efforts of the Trustees lo publiase the availabilty of grants within the Charity's area of operation. It seems likely that the high-waler mark for grants awarded. in 2022, was a consequence of the Covid pandemic, and as the effects of that disease have faded so the level of grant making has reverted to pre-pandemie levels. Nevertheless the Trustees remain delemiined lo promote the Charity lo the very best of their ability and to encourage grant applications whenever they can. Grants awarded in 2024 amounted lo £51,45712023'. £60,615). A¢hlevem•nts and p9rfomiance During the year, the Charity made 32 grants to organisalions lolalling £50.00712023". £59,3651 a decrease ol almost 16%. Grants lo individuals increased marginally, to a tota of £1,45012023.' £1,250). Flnanclal review Total income during the year amoL¢nted lo £81,06412023 £74,5831, and expenditure amounted to £82,461 12023 £88.8511 There were net gains on investments amounting lo £16,43712023 £58,4781, leaving £15.060 to added to the funds kxought forward of £2,217,811. Funds carried forward amount to £2.232,871. The Charity's pemianent Endowment Fund stsnd$ at £2,104,84612023 £2.102,3411 an increase of 0.1%_ Reserves policy The Iruslees, Policy on reserves is lo hold in undislribuled reserves approximately one yearfs income. This will enable the trustees lo meet an urgent need for assistance in case of an emergency in the Charity's area of operation and act as a buffer to possible fijture loss of income. For some lime past, and al present. a significantly greater sum has been held In reserve, which has been caused by a reduction in applicabons for grants and difficulties experienced in identifying potential tÈneficiaries. It musl also be recognised that the geographic limitations on the Charity's granl-making powers a an obstacle. However, the continued holding of greater reserves than would otherwise normal puls the Charity in a strong position to maintain its granl-making activities al previous levels for some lime lo come, and indeed lo increase them should there be a growth in the applications received. Going concern The Iruslees do not regard the Charity lo be al any financial risk from a drop in investment income, given the amount of current reserves. If such a reduclK)n were lo occur grants after a time would be cOrspOndIng1Y reduced, lo the extent that demand for grants could not be mel out of reserves. Future plan$ The fundamental activities of the Charity Continue lo remain substsnlially unaltered. 11 wll b& pr(Factive in raising public awareness of the Charity, enhanced by a new and improved website and the FaCe0k page, within the West Derby Waste Lands area and to identify potential beneficiaries in advance of applications for gont support being received.
WEST DERBY WASTE LANDS CHARITY TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management Governing document The Charity Is governed by a Scheme of the Charity Commissioners dated 5 January 1972. The Charty registration number is 223623. By a Scheme of the Charity Commissioners dated 4 September 1990 the Charity was granted a Certificate in the name of Wesl Derby Waste Lands Trustees By a Scheme of the Charity Commissioners dated 27 August 1991 the investments and land belonging lo tho Charity were vested in West Derby Waste Lands Trustees Charlty constitution The Wesl Derby Waste Lands Charity is a very ancient and hiStOral charity. Ils origins go back lo 1753 when certain land5 in the West Derby area were leased lo the Trustee5. Al that time, West Derby was sparsely populated and was an agricultural distric# with clusters of houges in the village. The original area of land comprised 231 acres. In 1924 the Ancient Township of West Derby was absortjed Into the City of Liverpool The waste lands" (including common landsl were first ments'oned towards the end of the thirteenth century. There were various disputes over the years between the copyholders and the Lord of the Manor. Ullimalely, on 13 August 1753, Trustees were appointed The Trustees were responsible for the proper care and attention of the property and lands under their aulhorily. for the granting of leases and thè collection of rents and aso the distribution of grants bul Sin the sale of thal property in 1999 their proceeds have en invested, details of the investments are sel out in the balance sheet and related notes. The Charity Commissioners have arranged a scheme under rules and gUlationS for the carying out of the w¢Jrk of the Charity. The initial scheme was drawn up In 1874, but there have been a number of variations over the years and the most re1 schemes are as referred to above. The trustees who served during the year and up to the dale of sunalure of the financial slalements were". MrPHNorth Mrs B Kerr Mrs J Driscoll Mr D Corfett Mrs B Anlrobus Mr A R Heath Mr J M Hudson Ms J Dris¢dl MrSRPyo Mr 8 Segar Ms J M811on Recruitment and appointment of new trustees 11 is expected that new trustees are familiar wth the area known as the Ancient Township of West Derby. The effect of this is that most trustees are drawn from a relatively small cornmunity. and frequently by Introductions from serving or retired trustees.
WEST DERBY WASTE LANDS CHARITY TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Organl$ational structure The Charity's governing body is a board of trustees comprising not more than 1ve members. Twelve Iruslees, in total. served during the year ended 31 December 2023. That number is now reduced to eleven. There is no immediate need lo fill the single vacancy on the board although the Trustees are always open to appointing persons of the right calibre who would strengthen the board. The Iruslees nomially meet quarterly to deal with the business of the Charity. The trustees receive no reward for the time and effort that they devote to the Charity. No expenses are paid. save in exceptional circumstances. The Charity has no ernployees. Day lo day Corresponden for the Charty is dea Tmth by the secretary. The secretary, a retired s01icilor, provides relevant advice on governance and other issues affecting the Charity. He or his representative attends all the meetings of the board of trustees and of the committees Isee below). The secretary's services to the Charity are paid for. The principal functions of the Charity, i e. investment of Its funds and the awarding of grants, are carried out in the first instance by two committees. an Investment Committee and a Grants Committee. The trustees who served on those commrttees during the year are set out below. Investment Committee members.. MrPHNorth Mr D Corfett MrA R Heath Mr B Segar Grants Commfftee members.. Mrs B Kerr Mrs J Driscoll Mr D Corlett Mrs 8 Anlrobu5 Mr J M Hudson Ms J Driscoll MrSRPye Ms J Mallon The Investment Commrttee normally meets * least four limes per year with the Charity's investment advisers to review investment of the fjjnd. Its objedive is lo achieve a balance beeen capital growth and Income which are of broadly equal importanee. The power lo change investments is delegated lo the members of the Investment Committee. and a port on financial performance is psented by the treasurer to each meeting of the board of trustee$. Aptjications for grants are inits'ally considered by the Grants Committee which make5 such investigations as it deem$ appropriate. Its recommendations as to the grants lo be awarded are submitted to the board lor final approval. In urgent cases li.e. those where a decision cannot await the ne* regular meeting of the Committee) power to award grants of up to £1,000 without such approval has been delegalgd lo the Chairman of the Grants Committee and the Treasurer or their substitute. Indu¢tlon and trainlng ot new trustO9$ New trustees are directed to the Charity Commission's website and the range of guidance offered there for trustees. Trustees a urged to refresh their understanding of the rde of a Iruslee periujically, again through the Charity Commission's guidance offered online. The Charity Is a grant-making charity with inve51menl income only and no property and no employees, so the role of the trustees is more limited than in most charities, and it is not thought necessary to provide any more extensive training. Rlsk management The Iruslees have a duty lo identify and review the risks lo which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assuran against fraud and error.
WEST DERBY WASTE LANDS CHARITY TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees report was approved by the Board of Trustee5. MrA R Heath Trustee Dale..
WEST DERBY WASTE LANDS CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST DERBY WASTE LANDS CHARITY I report lo the trustees on my examination of the financial statements of West Derby Waste Lands Charity Ilhe charityl for the year ended 31 December 2024. Responslbllltles and basls of report As the Iruslees of the Charity you are responsib for the preparation of the finanoal slalemenls in accordance wlh the requirements of the Charities Act 2011. I report in rgspect of my exwnination of the charity's financial statements carried OLtt 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 Charities Act 2011. Independent examinerfs statement Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable lo charities preparing their financial slalements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities. Slalemenl of Recommended Pradice issued on 1 April 2005 which is referred to in the extant regulations but has now been wrthdrawn. l understand that this has been done in order for the financial statements lo provide a true and fair view in ac¢ordance with UK Generally Accepted Accounting Practi. I have completed my examination. I confirm that no matters have come to my attention in c¢x)neclion with the examinab.on giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2Q11. the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements wnceming the form and conlenl of financial 51alemenls set out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial ststemenls 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 connectDn wth the exarninalion lo which attention should be drawn in this report in ordor to enable a proper understanding of the financial slalements to be reached. Helen Furfong FCCA Xeinadin North West Limited 46 Hamilton Squwe Birkenhead rral Merseyside CH415AR Date. ..l.7....3. ...2¥.
WEST DERBY WASTE LANDS CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Endowment funds fund$ 2024 2024 Total Unrestrfcted Endowment funds funds 2023 2023 Totsl 2024 2023 Notes Income from: Donations and legacies Investments 21 1,544 21 74,562 1,862 79,222 81,084 73,018 Totsl income and endowTnents 1.862 79,222 81.084 1,565 73,018 74,583 Expenditure on.. Raising funds Charitable activities 13,932 13,932 68,529 13.604 13,604 75,247 68,529 75,247 Total expendlture 68,529 13,932 82.461 75,247 13,604 88,851 Nel gainslllossesl on nve*ments 11 16.437 16.437 58,478 58,478 Net Incomèl{oxpend51urg1 166.6671 81.727 15.060 173,6821 117,892 44,210 Transfers between funds 79,222 (79,2221 73.018 173,0181 Net movemont In fund5 12,555 2.505 15.060 16641 44.874 44.210 Reconcilialion of funds: Fund balances al 1 January 2024 115,470 2,102,341 2,217,811 116,134 2.057,467 2.173,601 Fund balances at 31 December 2024 128,025 2,104,846 2,232,871 115,470 2,102,341 2,217,811 The statement of finanaal activities in¢ludes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
WEST DERBY WASTE LANDS CHARITY BALANCE SHEET AS A T31 DECEMBER 2024 2024 2023 Notes Flxod assets Investments 13 2,108,630 2,108,147 Current assets Debtors Cash al bank and in hand 14 10,207 117,454 7,093 107.991 127.661 115,084 Credrtors: amounts falllng due wlthln one year 15 13,4201 13,4201 Net current assets 124,241 111,664 Totsl assets less current Ilabllltles 2.232.871 2,217,811 The funds ofthe charfty Endowment funds Unrestricted fLJnds 16 17 2.104.846 128,025 2,102.341 115.470 2,232,871 2.217.811 The financial statements were approved by the trustees on ............-............ Mr A R Heath Trustee
WEST DERBY WASTE LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charlty Infomiatlon Vvesl Derby Waste Lands Chanty is a Chantable Trust.. 1.1 Accountlng convention The financial statements have been prepared in accordants with the charity's governing document. the Charities Act 2011, FRS 102 "The Finanaal Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Repijblic of Ireland IFRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for chanlies not to ppare a statement of cash flows. The financial slalements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial slalements have been prepared under the hislorieal cost convention, with the exception of investmgnls which are included at market value. 1.2 Going concern At the time of approving the financial stslemenls, the trustees have a reasonable expectation that the charity has adequate resources lo continLJe in operatsonal existence for the foreseeable future. Thus the Iruslees continue lo adopt the going conrn basis of accounting in preparing the financial statements. 1.3 Charltable funds Unre5tricled funds a available for use at the discretion of the trustees in fijrtherance of their charitsble objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be uset¥. The purposes and uses of the restrict funds are sel out in the notes lo the Iinancial stslemenls. Endowment funds are subject lo specific conditions by donors that the capital musl be maintained by the charity. 1.4 Income All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the funds, it 15 probable that the income will be received and the amount can be measured reliably. Interest on funds hekl on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally on notification of the interest paid or payable by the bank. Dividends are re¢ognised once the dividend has been declared and notification has been received of the dividend due. This is norrnally Upon nolificalion by our investment advisor of the dividend yield of the nvestmenl portfolio. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nDlified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant Is recognised al the time of the donth'on. Legaoes a recognised on receipt or otherwise if the charity has been notified of an impending dislribulion, the amount is known, and receipt 1$ expected. If the amount is not known, the legacy is treated as contingent assel.
WEST DERBY WASTE LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (Continued) 1.5 Expendlture Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity lo that expenditure, Il Is probable that a transfer of econornic benefits wll be required in settlement and Ihe arnounl of the obligation can be measured reliably. Expenditure Is accounted for on an accruals basis. Grants payable are payments made to third parties in the furtherance of the tharilable oty'ects of the charity. In the case of unconditional grant offer this Is accrued On the recipient has been notified of the grant award. Raising funds includes all expendrture incurred by the charity to raise funds for ils charitable purposes and includes costs of all fundraising aelivilies, events and non-charrtable trading. Costs of charitable activities include grants payable, governance costs and support C05ts. Support costs have been allocated beeen governance and other support ¢osts. Governance costs comprise all costs involving the public accountabilty of the charity and ils compliance with regulation and good practice. 1.6 Fixed asset Investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value al each reporting date. Changes in fair value are recognised in nel incomellexpenditurel for the year Transaction costs are expensed as incurred. 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held al call with banks, other short-lerm liquid investments wlh original malurilies of three rnonlhs or less. and bank overdrafts. Bank overdrafts are shown within borrowings In eurrenl liabilities. 10-
WEST DERBY WASTE LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.8 Flnancial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financi81 Instmments. and Section 12 'Olher Financial Instruments Issue5. of FRS 102 to all of ils financial inslrumenls. Financial instruments are reeognised In the charity's balan¢e sheet when the charity become5 party lo the conlraclual provisions of the Instrument. Financial a55els and liabilities are offset. wrth the net amounts presented in the financial statements. when there Is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and setue the liability simuhaneously. Basic financlalassets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried at amortised ¢ost using the effective interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is rneasured at the present value of the future receip15 discounted al a market rale of interest. Financial assets classified as re1vable within one year are not amortised. Baslc financial liabilities Basic financial liabilities, Including creditors and bank loans are inits'ally recognised al transaction price unless the arrangement Constitutes a financing transaction, where the debt instrument Is measured at the present value of the future payments discounted al a market rate of interest. Financial liabilities Classified as paYae wthin one year are not amortised. Debt instruments are subsequently Carried at arno"Sed cost, using the effective InteSt rate method. Trade creditors are ot4igalions lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable a classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al trans8clion pnce and subsequently measured at amortised cost using the effective interest method. Derecognition of flnancial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Taxatlon The tharity is exempl from tsx on Its charitable aclivilies. Crltlcal accountlng estlmates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from Other sources. The estimates and associated assumptions are based on hisloiical experience and other factors that are conSered lo be relevant. Adual results may differ Irom these estimates. The estimates and undertying assumptions are reviewed on an ongoin9 basis. Revisions to accounting eslimales are cogniSed in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods Whe the revision affects both current and future periods.
WEST DERBY WASTE LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and lggacles Unrestricted funds 2024 Unr8Stri¢tgd funds 2023 Donations and gifts 21 Income from Snvestments Unrestricted Endowmgnt nds funds 2024 2024 Total Unrestricted Endowment funds funds 2023 2023 Totsl 2024 2023 Income from listed investments Interest receivable 79,222 79,222 1.862 73,018 73,018 1.544 1,862 1,862 79,222 81,084 73,018 74,562 Expenditure on raising funds Endowment Endowment funds funds 2024 2023 Fundraising and publlcity Fundraising agents 13,932 13,604 Expendlture on charitablo actlvllle$ Grants 2024 Grants 2023 Direct costs Grant fundin9 of activities (see note 71 51,457 60.615 Share of support and governance costs1$9g note 81 Support Governance 12,905 4,167 10,586 4,046 68,529 75,247 Analysls by fund Unrestricted funds 68.529 75,247 12-
WEST DERBY WASTE LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable Grants 2024 Grants 2023 Grants lo inslrftulions.. Triple C ILivertMX)I Christ Church Norris Green Plus One Community Leaming CIC Sl Andrew's Community Network Porchfield Community Association Wesl Derby Methodist Church Tuebrook Hope Group Bradbury Fields Norris Green Youth Centre Wesl Derby Community Association Old Swan Amateur Boxing Club Joseph Lappin Partnership Ltd Ellergreen Nursery School Lister Infant School St Vincent's School Youth Empowering Services CIC Church View Highfield Tenants & Residents Assoc ABF The Soldiers Charity Wesl Derby Recs B0Ing Club 372nd Liverpool Guides 206th Liverpool 9uides Sl Mary's Millennium Cemtre 206th Liverpool Rangers Friends of Springfield Park RNIB Macmillan Cancer Support Edge Hill Youth Community Centre PBC Foundation Holly Lodge Girls, College The ACSsIble Guide Alder Hey Childrens Charity 7th FaIrfeld Scout Group The Croissant of Inequality Cafe CIC Deaf Active Bright Park Ibijoke Children Foundation UK 15th Fairfield Scout Group Priority Youth Project Sports Alive North West Liverpool Irish Centre End Fumiture Poverty PDSA The Bobby Colleran Trust Lister Steps The Mer5ey5ide Childrens Holiday Fund Sandfield Ladies Bowling Club Diamonique Morris DanrS 1,000 1.050 1,500 1,000 10.000 1.000 1,000 1,400 3.000 1.200 500 2,000 2.000 2.000 2.000 2.000 1.790 1.240 1.000 1.000 250 500 3,000 4.250 2,250 2,250 1,200 1,550 2,000 2,000 1,000 3,000 1,000 2,000 500 2,000 1,000 1,000 3,685 500 1,500 2,840 3.675 2,000 3,000 3,050 2,500 2.500 1.750 500 1,050 500 3.000 432 2,860
WEST DERBY WASTE LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable (Continued) St Cecilla's Junior School St Mary's CE School West Derby Slrenglhening Wellbeing Together CIC Zoe's Place 2.000 2,000 800 1,000 50,007 59,365 Grants lo individuals 1,450 1.250 51,457 60,615 Support costs allo¢aled to actlvltles 2024 2023 Secretarial fees Website development Sun(tries Govemance costs 11,000 526 1,379 4,167 9,000 601 985 4,046 17,Q72 14,632 Analysed between: Grants 17,072 14,632 Trustees None of the trustees lor any persons connected wth them) received any remuneration or benefits from the charity during the year. 10 Employees The average monthly number of employees during the year was.. 2024 Numbèr 2023 Number Totsl There were no employees whose annual mUnerab.0n was more than £60,000. 14-
WEST DERBY WASTE LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Galns and losses on invesbnents EndowTnent Endowment funds funds 2024 2023 Gainslllossesl arising on". Revaluation of investments Sale of investments 23,116 16,6791 73.608 115,1301 16,437 58,478 12 Taxatlon The charity Is exempl from tsxalion on its activitres bause all ils ineome is applied for charitable purposes. 13 Fixed asset Investments Listed Snve$tments Cash in portrolio Totsl Cost or valuatlon Al 1 January 2024 Additions Valuation changes Disposals 2,070,974 151.159 22.925 1138,7801 35,173 2,1C6,147 151,159 22,925 1171,6011 132,8211 At 31 December 2024 2,106.278 2,352 2,108,830 Carrying amount Al 31 December 2024 2.106.278 2,352 2.108,630 At 31 December 2023 2,070,974 35.173 2,106,147 2024 2023 Investments at fair value comprise.. Fixed Interest Securities Equities Cash held within the investment portfolio 347.501 7,758,777 2,353 1345,923} 11.725,0521 35,173 2,108,631 2,106,148 14 Debtors 2024 2023 Amounts falling due wlthln one year- Other debtors 10,207 7,093 15-
WEST DERBY WASTE LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 1S Creditors- amounts falling due withln one ygar 2024 2023 Accruals and deferred incorne 3,420 3,420 16 Endowment funds Endowment funds represent assets whith must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the o*'ects of the charity and is inclLtded as unrestricted income. Any capital gains or losses arising on the assets fomi part of the fund. At 1 January 2024 Incoming rosourcos Resources expended Transfers Galn$ and losses At31 December 2024 Pgrnmnent endowments 2.102.341 79.222 113,932} 179,2221 16,437 2,104,846 Previous year.. At 1 January 2023 Incomlng resources Resources expended Transfers Gains and losses At31 December 2023 Permanont ondowThents 2.057,467 73.018 {13,6041 173,0181 58,478 2,702,341 17 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted ndS by the Iruslees tor specific purposes. At 1 January 2024 Incoming resources Resour¢e$ expended Transfers At31 December 2024 General lunds 115,470 1,862 168,5291 79,222 128,025 Prevlous year: At 1 January 2023 Incomlng resources Resourcey expended Transfers At31 December 2023 General funds 116.134 1.565 175,2471 73,018 115,470 16-
WEST DERBY WASTE LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Analysis of net assets bethen funds Unrestricted Endowment funds funds 2024 2024 Total 2024 At 31 December 2024.. Investments Current assetsllliabililiesl 2.108.630 13,7841 2.108,630 124,241 128,025 128,025 2,104,848 2.232,871 Unrestricted Endowment funds funds 2023 2023 Total 2023 At 31 Decembgr 2023: Investments Current assetsllliabilitiesl 2,106,147 13,8061 2,1 C6,147 111,664 115,470 115.470 2.102.341 2,217,811 19 Related party transactSons There were no disclosable related party transactions during the year12023 - none). 17-