REGISTERED CHARITY MJMBER: 224312 rt of the T or Fi laiem whittl Ll l RichnTrj R(Trad LhaM St ADn&s L4nc&thiT¢ FY8 IPE
nt of the FID cd31° iat for 202 Reference and Administrnti* Ddails Repon of the Truste¢s 2to3 Statement of FiDancial Adiviti Bdance Sh Notc5 10 the Trin•n¢i8] Statem¢Dt8 7tolO
xroND ENS feren Admin tive for the Year E ded 311% Derember 2023 t¢red Charlty numb¢r 224312 Principal address PO Box 227 Lytham St Anne Lancashire FY8 9BJ TTUStee8 Mrs A McLenD8n- Chairman Mrs A M B Grant M5 J McKay Mrs L Conifey Ms W Holm Mr M Morris Ckrk Mr R Wood Hollorlry Tr¢asurer MrACJGrant Ind•peDd¢nt Whittles LLP Chartered Aceountants l Richmond Road Lytham St Ann¢8 Lancashire FY8 IPE B*Dker$ HSBC Bank Ple Oxford Square l Newh04tse Road B14¢kpool FY4 4BX Soll¢ltor• Bradshaws, Hamer, Park & Haworth 298 Clifton Driv¢ South Lharn St AnKs FY8 ILL Stockbrokers Canaceord Genuity Talisrnan House Baardmatts Way Blackpool FY4 5FY
FO N DISP ort of th¢ Tru ort e Y Ended 3111 023 The tnistxs present thcir altnual rwjrt a1 financial statements of the Clwity for the year ended 31st De¢cmber 2023. The fllwcial ststeTn¢nls have bftn prepared in accordance with the ac£ountirtg policic5 set out tn note I to the financia] Slatements and comply with the Charity's governing documen4 the Charities Act 2011 and "Accounting and Reporting Charities.. Statement of Recommended Practitt applicable to cban.tics preparing thc]"i financi ststemettt in aordanCe with tk Fitjancial R¢rting Standard applieable in th¢ UK and Republi¢ of Ireland IFRS 102)" {eff¢ctiv¢ I January 2019). STRUCTUR4 GOVERNAf4CE AND mANAGEMEr The cIlty was up by a 5¢hen dad 6th May 1880. The Charity registration number 1$ 224312. Trust. up to a nlMU of 6. are appointeAI by •way of rc¢omm¢TrJation from eximing Tntsteu consideroj necessary. Th¢ TrLLSttts ve a wide choice ID the sort of help th¢y ean give to individual8 80 long as the necd is Clor. OlllECTIVLS AND ACTIVITIES ObJectlve4 Alnu, #nd thelr publk benefit The aim of th¢ Charity is to provid¢ a&siaance in c&s¢s ofnetd to the SICK dis&bleii hId]rap1 or infirn4 Testricted to r¢sid¢nts of Blackpth)l and Poulton.le-Fylde. The trustets confinn that they have referre4 to the Charity Commission's guidance on public b¢nefit when r¢viewin8 the aim8 and objeAtiV¢8 in planning future #ttiviti¢s aT¥i dealin8 with activities in the ye8r. Durit)8 2023 th¢ Truets hav¢ again ntinUed to make muimurn efftirts to publicise the work of the Trust to GPS, surgeries, hospital& clini4 hedth visitors and Howin8 AssociatÈon Tcnancy Support Offie¢rs' in lquert¢e lik¢ last year more cascs hav¢ been assisted and IlsnCe has absorbed & far hightt proportion of avail8ble iThcgme than used co b¢ the ¢¢. The Trustev believe that this tr¢nd will coniinue. Summory of athlevementj dtyTln8 the w ye•r There have been no 5ignificani developments or chanw in arttvtty in tk year. The awity 8im$ to continue fo provide &SSlStan¢e to needy eauses in the fyiure. Grants wer¢ aw¥rdDJ to a tOts] of 52 applicants durin8 2023. The Thtsteu dts not undertake 8ny fvndrnisin& but ar¢ always ke to apply as much of the annual income L% they ¢4n to benefit thc pusons who are the obj'ttts of the Charity. FINANCIAL REVIEW The financtat statcrnents show net incoming r¢sources for the yehr of £758 wmpar¢d to ne4 outgoin8 r¢sOur$ of £421 for the previous year. These figures are ststed before both reall8 and UDJeati5cd gains and losses. Taking investnwjt gatns and loss into the Charity shows an iTKrease in funds of £112 (2022.. £34,321 decrwe . Investm¢Trt policy ttd obJe¢tlv¢B The Truste¢s are able to ch¢)os¢ rel¢YaTrt Iiivesiments to med th¢ Charity's Wuittments. The Charity al to provide a rwoTrable mix bctween in¢ome and Capitat gro. Tr Tnjstces maintain regular eontact with the inve&tm¢nt adser$ and r¢¢eive r¢8ular information from them to a]low the Truets to benckn)ark the p¢rfi)rmance of the iTtV¢Siments. Polli on reserves The r¢serves of the Charity at the end of the ye4r wrrc £633.801 (2022: £633,6891 The Charity's policy is one of rnaith¢nan¢e of re5erv&s with a vicw to Ie&S1ng payments to appliesnts over th¢ coming years. The Trustees are mindfijl of the view of the Charity Cornmi55ion¢ts in Irgard to the rucrvas of ¢hariliu as ¢ontsi1 in their guidanc¢ note5 CC19 oft ChaTities' Reserves.
ENS ortoftheT for the Yvdr E continll 31° ber 2023 However. the Foxton Disp¢nsary TnLS¢c¢5 b1 that under graph1{al IiinTtations of the areas in which their founding trust document p¢nnits them to lst applicants for assEStance, there is rrf) more that i]w Can do to cxpeod funds on charitable causes. Thus far. the Charity cOmTniOnets havc resistal efforts by this Charity to exiend modestly th¢ area5 which it 5erv45 resuitiDg in lh¢ TTuslees having to reieo applications from prirna facie dtsetving caw5 living JU8¢ outsidc th¢ prttcribe41 ar¢a of ben¢fii. The TnteeS mu# emphlqise the tn¢ does s¢¢k fi(L$ from ihe public nor ¢0 the b&st of thar k)wIcd8t has it ever done so ill MO than 140 years of its cxistence. Its Cotwderable Ttserves lSe in large mwure from 8retion of its propetty and other inv¢siments. tndeed its ability to provide assistintt is dependent upon income frorn those investments. Currtnily such income is more than th4U8te io meet 11$ upon its rewur¢es without the ne¢d lo realis¢ capital asset RISK MANAGEMENT The prin¢ipaJ risk f¥ed by the Charity is the of its investhJ¢ws. This risk has be¢n intensified by the 8lob81 Covid-19 pand¢mi¢ and coniinucd unc¢nainLy. The TN8tees hav¢ exarnintd th¢ major &Xrat¢gi¢ and OFef8tional risks which the Charity faces and ¢oTtfirrn that sysL¢ms have been &stablished to ¢nable regul8r reports to be produced so that thc nwsary ep8 ¢att bc taken to le%sen any such risk& IMPA OF C0Vli19 Th¢ WOTld coniinucs to be impa¢ted by the Coid-19 PAfyJenJio The Foxton Dispensary has adapted its operntions to ensure that s¢rvi¢e5 can still be provided. FUTURE PLANS Whl'ttles LLP, the accountanw hAve apre88ed A wiltiD8ness to continue in office and will be reappoint•J by the trust¢¢s. TRUSTEE RESPONSIBILITILS Th¢ truCeS are rryonsible for prcparÉng ihc Rcport of th¢ TCeS aml the financi statem¢nts in ac¢ordance with applicabl¢ law and Unitcil Kingdom Ac¢ounting Standards (Utiited Ktngdom Generally Aept Accouniing P¢1¢<). The law applicablc ¢0 charities in England and Wales requires the tr51¢¢5 io prcpatc financial thiem¢nts for ¢4¢h financial year which giv¢ a true and f8ir view of the stste of affair5 of the Chan'ty and of the incoming r<wurces and applieation of resourc4 orth¢ Charity for that period. In preparin8 those financial st8temenw the tNste25 are Tequired select suitsble accounting policies and then apply them coTrsistently" observe the methods and principles in the applicsble Charitics SORP.. make judgements and ¢StiMeS are rwon8bl¢ and prud proaT¢ the fJnancia] staicments on the gOg concern basis unl% it is inappropriate to presume that th¢ Charity will continue in operation. The trustees are respO81b]e for kffpin8 prw N]nting rcurds which dIlose with re)1¢ accuracy at any time the financial position ofthe Charity and to er¥ble tkn to CJLSUrt that thc fJnancia] statemenis comply with ihe Choritics Act 2011. the applicable Charities {Ac¢ounts Repotts) Regul*ion4 and the provisiorts of ihe Trust deed. They are al80 responsible for safeguardin8 the as8ds' of the Charity and hence for tsking Teasonable step5 for the preventxon and deltiOn of fraud and oth¢r iFr¢gularitie& Approved by order of the board of tr on...... .. . fjJ si8[l on its blf by. .nQ•¥L Trustee
endent Examiner's I rcpon to the ChaTity trustees on my cxamiDatioD of the fiD¥n¢i statements of The Fox¢on Dispenw (the ChaTtty) for the year etmled 31° December 2023. Respon$ibilltles and basls of report As the CharItS trustees you arc r¢¥poThsible for the pryion of th¢ finala1 aatcments in aCcOrdae with the requircments of th¢ CKuitirs Act 2011 Cthe 2011 Aci?. Havitig satisfied myself that the financial statements of the Ctkarity arc not re4uir&J io b¢ auditrAI under StiOn 144{2) of the 2011 Act and that an ind¢pcndent examination is n¢edrf I report in r&spect of rny ¢xamination of your Chantys financial statem¢nt5 ¢atrt¢d oui under seaion 145 of the 2011 Aa. In carrying Out my ¢xamin8tion I have followed the DirectiQnS given by the Charity commi10n under section 145(5) (b) of the 2011 Act. ltsd¢pend¢nt exAJnlner'i st#temettt I have completed my examination. I confimi thai no mallas hav¢ come to my attention in Conntion with the examination givin8 m¢ to b¢lieve in any maten"aJ rtspeet: ac¢outlling r¢¢ords were nol kept ID respert of the Chan"ty as WUlTl by strtton 130 of the 2011 A¢(. or th¢ financi statements do not accord with th05¢ r¢rords; or the financial aleMenl4. do not c(Jmply with the ¥counting rtyuir¢ments concernin8 the fom and eontcnt of finatteial Statements sei out in the Chan"tics {Accounts and Reports) Regulations 2008 othtt than any requirement that the financial stthnents ve a tnK fJiT view which is not a rnatter considered &$ part of an independcnt examination- or the financial statements have Tr)t been pTrpar&J in [dance wth the rndhods and principles ofthe Stotemeni of Recommended Praaiee for accounting and reponin8 by charities applicable to chariiics prepart'ng their financial ststements in a¢¢ordath¢e with the Finan¢i41 R¢p)rting Stwthrd 4pplieable in the UK and Republi¢ of rreland (FRS 102). I hav¢ no cot)cerns attd have come a¢ross no oth¢r mters in conne<tion wtth the examinetron to which attention sh¢)uld b¢ drAwn in this rwrt in ordtt to enable a proper undts*andin8 of the financial Swements to be reach. Wayne Murphy ACA Whittl¢s LLP CharteTed Accountants l Ri¢hmond Road Lytham St Annas Lanc4shir¢ FY8 IPE Date..
N DISPENSARY teme f Finan "ai Activ for the Year Ended . Decemb¢r 2023 31.12.23 -rotai fi]nds 31.12.22 Tota] fi]nds tnvesttn¢nt income 35 35 Tot lTrrome 35J36 35J36 26528 EXPINDITURE ON Charttoble activities Tot eXPedItre 34J78 34J78 26,949 Nk'f COMFJ(gXPENDITUR) BEFORE ILOSSESYGAINS ON INVEsfMENTS 758 758 (421) N¢t {lossesy8ains on investmenis 646 646 NET INCOMEI(EXPENDrruRE) 112 (34J21) RECONCILIATION OF FUNDS Total funds brought fonvard 633.689 633.689 668.010 TOTAL FUNDS CARRIED FORWARD 633 The statement of financial activities includes All gnd1089&4 in the Yr. All of the above amounts relat¢ lo contllllli118 Xts"vitie& The teS fornipart of these filjala1 statements
FO ON PEN RY At311t 202 31.1223 Total 31.12.22 Tot8J funds FIXED ASSETS Tangible &$5Cts tnvestments 175.C(K) 395 873 175.C(KJ 39 175.(KKJ 92 TotAI fixed Assets S70m3 570073 567h26 CURRINf ASSETS Debtors Ch at bank 6) 600 600 TotAI turrent 04J07 64J67 67,497 CRFDITORS Amounts fallin$ due within oneyear 10 (1.439) (1.439) (1.434) NET CURRENT ASSETS NET ASSETS FUNDS TOTAL FUNDS The finatteiat statements wer¢ approved by th¢ Bowd of on.................-.......................... behr by". and wue sigmd on its Trustee Tn]st The teS ft*rm w of financia] statana
THE FOX DISPEN ARY N tes to the Financial taieme c Year Ended 31. 1)¢cember 2 STATUTORY INFORMATION The Foxton DI is a registered ¢harity under the ChaTiti&s A¢t 20118nd is domicilcd in the LX. The chartty's wstered number attd principal officc caD be found in the Re[enCe and Athninistration Details within the Report ofthe TnLSte¢s. AccouNfiNG POIJCIES Basis of pr¢prlng the flunclal st#ternents The financial stxtements of the eharity, which is a public b•fit entity under FRS 102. hfftvc been pr¢pared in accordance with the ChaTitie5 SORP (FRS 102) 'Accounting and Reponing by Ch8sities.. Sternent of Recomtnendcd Pra¢tice appli1¢ io chwtties preparing theii fiDancia] stst¢ments in a¢¢oTdance with the Financial R¢wrting StandaTd applieabl¢ in the ifK and Republic of Irdand (FRS 1021 (effective l Januory 2019).. Finaneiaj R¢poning Standard 102 The Firthnciai Reporting Standard applieable in the UK and Republic of Ireland, and the Chariti¢s Act 2011. The fit)anCl ststements have been prcpared und¢r th¢ historical Cost Convention with items r¢¢011 at ¢0sr or trans0 value utslcss othuwis¢ Stated in the relevant not¢s of the financial stat¢ments. The preseDtstion currency of the fitwicial thtements 1$ the Pound Sl]ng (£). Thc trust¢¢s have corKluded that it is appriyriate to prepare the fin141 statements on a going concern basis as there are no material uncernainties r¢gardin8 8oin8 coThc¢m. No signifi¢tht judg¢m¢nts have hJ to be mJ¢ by the ID preparin8 tlwe flnancial statements. Income All incom¢ is re¢o¥Nwl in th¢ Statemen¢ of FinLci81 knivities on¢¢ the Cbarity has entitl¢menr to the fiJnd$, it is probable th¢ Income will Ix received and the amount C be rneasured re]iably. Investment w'ns and 10&g¢s ilde any gain or ILW on the s¢ of investsnents and any Bain or lou re5ylting from revaiuin8 investments to markd value at th¢ end of th¢ yar. ExpendltUTe Liabilitics are reeo¥nisoI as expeThlilure as soon w there is a le8zI or constructive obli8ation committing ¢he charity to that ¢xpcnditur4 it 1$ probable that a knfer of enoMIC bcn¢fits will bc rcquir&J irt scttleineni and thc amount of the obligation ran bc rnasured reliably. Expenditure is accounted for on an accru% basi5 and has en ¢lassified under h¢adings thai aggregate a]1 CO related to th¢ category. Where cOS camxjt bc directly attributed to particular they h&c been all0d to activities on a basis ¢tsnsisl¢nt with th¢ usc of (Irants offer&1 subject to conditions which have not bea) 8t th¢ yeareDd date are Atsted a8 a commitment but not ac¢rued ¢xpa¥Jiiure. Taxatlon The chariiy is exempt from on its chartt¥ble activitit& Fund aCcouDtlI General unrcstrict¢d funds cotDpri% accumulatcd SIpIS aod deficits on gene which are available for Use at the diserdion of the Trustees in furtberance of the 8t1rnI objectives of th¢ Chariiy. Designat funds are ttrICted fiLn¢ts of the Charity which have bern set aside io reflect thc value of filnds represcnied by the tangible fix a55cts of the Chartty or to fund ap8rtieu]¥r future activity. Restrtct¢d eaD only be for parti¢ul8r rNtrii#ed purpos¢s within th¢ obJts of the Charity. Restrictions arise when svecified by th¢ donor or when funds are r8iseJJ for partÈallar rcsttIct purposes. Fltyl amets iTrvestments Investme8 quot on a re¢ogDised stock ¢x¢han8e are valud at Dwket Val at ihe yw ¢TxL
to the Financial S f rthey Ended ' Dec mber 2023 AcCoUrING POLICILS- conthiued IMve5tmeDt propertfe8 Investmcnt properties are sljown at their open marka Yatue. The wlus or dcficit aTi.4ing frnm revaluation is transfe¢d to unresiricd unltts a deficil or its reversa]. on an individuaj invc5tJnent piopuiy is expected to be pern)ancnt, in which cw it is recowjised in the #atemertt of fitwi¢ial xtimties for the year. This is in acconlanee with the SORP which does not require dePrtIOn on invastment properties. Debtor8 Trade and other debtors ar¢ rew8nis¢d at th¢ scttlettDt amount duc any trade diswunt offemj. Ch At b4nk ID hAThd Cash is represenied by cash in hand and dep)sits with financial iDstitutii)Js ryayabl¢ Witho petwlty on notice of not more than 24 hours. Cash equivalents ar¢ highly liquid investments that matur¢ in no more than three months from the date of wuisition and that are r¢Jily cottvenible to known amounts of c&sh WEth insignifi]t risk of chart8¢ in value. Cr¢dlto Creditors are reeo&rtisol where the Charity has a present obligion rtfjultin8 from a pasl evemt that will probably r¢sult in th¢ transfcr of funds to a third p8ty and tk amount du¢ ro s¢tt]e ihr obligation can be measure or estimated reliably. c11$ nonllally T0]sed their scttiement amount after allowin8 for any trade dis¢ounts due. IrqvESTMEP4T INCOME 31.1223 31.12.22 Property r¢ntat Dividends on InSent ponfolio Inier¢st receivable 7.128 26,970 1238 6,901 19,125 502 CHARrrABLE ACTIVITIX5 COSTS 31.12.23 31.12.22 Independcnt Examin¢rs' ft¢ Professional ftts Property expens¢s A&sistance to applKcallts Office costs 840 2.388 333 17,880 5.508 2.330 3,918 21,497 5.993 34,578 During thc ytar provided 52 indidUal$ who are eithw Bi¢i disable<L hTl¢apped or infimi and WIKJ are rtsid¢nts of Bl&kp)ol or Poulton-le-Fyld¢ in Itne with the chartty's objectives. TRUSTEES, REMUNERATION AI¥D BENEFITS There were no trustttS' remuneration or other bafits for thc ye4r ended 31. Dnber 2023 ntsr for the year eftd 3111 Dccember 2022. Trustees. expense$ Tru#ces ceIved of exttDses during thc year ellded 31* Dem 2023 totollin8 £nil (2022.. £nil).
DISPEN ARY oles to i e Financial Statements- ¢ontiDu e Year 31° Decem er 2023 STAFF NUMBERS The Charity has no ernployees (2022: DID. TANGIBIE FIXED ASSETS Frcchold PrortY Totsls VALUATION At 1° January 2023 and 3111 Dee¢rn 2023 DEPRECIATION At l¥ January 2023 and 31 De¢eth 2023 NET BOOK VALUE At 31# 2023 175.000 At 31 Dttember 2022 I75.) The trnstses consider th¢ mk¢t value of inve5nnent property to be foirly st•ttd at £173,000. FIXED ET INVESTME Listed investments MARKET VALUE Ai I" January 2023 Additions 392.626 83,938 (85,765) R¢aiised profiisl(10ssa) u[L15¢d PTofitsl(lo&Ys) Increascl(decrew) in cash dryosits 11,173 At 31" Dee¢mb¢r 2023 395 873 NET BOOK VALUE At 31. Dccemb¢r 2023 395 873 At 31* Decembtr 2022 392 626 Ail inve8tm¢nts held are quottd on a UK SCk ttebaD8e arwj are th¢r¢fore deemed to b¢ UK invcstment sets. ANALYSIS OF INVESTMENTS Markct value Income frorn at ycar cnd iJiVCsLTnrnts Invcstrn¢nts held on a ry15Cd stwk exchange orin cOrnn investricnt nd& open ¢ndeAI inVestnt eornpani&s. unit tssts or other collectivc investment schern¢s 388,665 26.970 Cash held as part of tk w)rtfolio 7.208 395.873 26,970
es to the Finan¢ial St -con YeEr Ended 3111 December 2 for DEBTORS 31.12.23 31.12.22 600 6(KJ CREDITORS: AMOUNfs FALLING DUE WH1 ONE YEAR 31.12.23 31.12.22 1,434 li. MOVEMENT IN FiTNDS A¢ Nct movem¢nt At 31.12.23 01.0123 in funds Urtrestrlded fuDdi G¢neraI fi]nd$ 458.689 458.801 D¢Jlgnaledfyn.. Propety A&sets Fund 175.(*J) 175.11 TOTAL FUNDS 633 689 112 633 AOI Net movement in fi)nd4 in¢luded in th¢ above are follo. Incomin8 R¢g)uree8 reg)urces ¢xpend¢d tns and Movement in losses funds Unre$trl¢ted funds General fuiKts 35.336 (34.578} (646) 112 Prop¢ty kncts Fund TOTAL Fuf4DS 646 112 Funds are represented by. Fixoj Current litibilities Total UDre$trieted funds Genera] funds 395.873 64J67 (1,439) 458,801 Design4tedfvnds.' Property A&sets FUTMI 175.(KA> 175.(X)O TOTAL FUNDS 570,873 1,439 633 801 General fund.. the Yree" r£s¢rves ofthe Cltarity ¥fter allowing for 811 dcsignated fund5 the propty a&sds fi]nd is the value of thc unrcstricted funds a]ready spent and rq>re8ettted by ttK tsn&ble fixejl assets of the Charity 12. RELATED PARTY DISCLOSU Ther¢ wcrc related paty trdllW'oTLS for the year tsts131X Dec¢mber 2023 or for the year ended 31 D£mber 2022.