2023-06-30-accounts

Charity registration number 225911

PILKINGTON CHARITIES FUND

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

PILKINGTON CHARITIES FUND

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Mr N Jones
	Mr AP Pilkington
	Mrs EAshton
Charity number	225911
Auditor	KPH Audit&Assurance Services Ltd
	225 Poulton Road
	Wallasey
	Wirral
	CH44 4BT
Solicitors	Brabners LLP
	Horton House
	Exchange Flags
	Liverpool
	L2 3YL
Investment advisors	Evelyn Partners Limited
	Royal Liver Building
	Pier Head
	Liverpool
	Merseyside
	L31NW

PILKINGTON CHARITIES FUND

CONTENTS

	Page
Trustees' report	1-3
Statement oftrustees’ responsibilities	4
Independent auditor's report	5-6
Statement of financial activities	7
Balance sheet	8
Statement of cash flows	9g
Notes to the financial statements	10-18
Appendix

PILKINGTON CHARITIES FUND

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2023

The trustees present their annual report and financial statements for the year ended 30 June 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Objectives and activities The Trust was created by a Deed of Settlement dated 10 May 1950, as varied by a scheme of the Charity Commissioners of 31 May 1966 and 13 June 1975 and amended by the Charity Commissioners on 14 September 2000. Under the terms of the Trust Deed the funds are to be held in trust to pay or apply both capital and income in providing financial assistance for or otherwise for the benefit of persons in necessitous circumstances being:

(a) Persons who for the time being are or who have been employed by Pilkington plc or by any company which may be amalgamated or which may for the time being be carrying on business in succession to Pilkington ple (all of which companies are hereinafter included in the expression "the company") or by any company which for the time being is or has been a subsidiary of the company (as defined in the Companies Act 1989);

(b) The widows or widowers, children and other dependants of the persons mentioned in paragraph (a) of this clause:

and without prejudice to the generality of the foregoing trusts the Settlement trustees may pay and apply the capital and income of the Pilkington Charities Fund in purchasing any freehold or leasehold land or buildings or in making or equipping any buildings suitable for use as almshouses, convalescent homes or hospitals or in endowing scholarships or in providing for educational assistance for any such persons as aforesaid provided always that:-

i. Nothing herein contained shall operate to vest any right by law or in equity in any person or persons for the time being employed by the Pilkington Charities Fund and the income thereof shall be vested solely in the Settlement trustees and;

ii. If the business of the company shall be nationalised or taken over by the State or if any Order shall be made or an effective resolution shall be passed for the winding up (otherwise than the purpose of reconstruction or amalgamation) of the company the Pilkington Charities Fund and the income thereof shall henceforth be paid or applied to or for such charitable institutions or charitable purposes as the Settlement trustees shall in their absolute discretion think fit.

As from 13 June 1975 the Charity Commissioners for England and Wales ordered that the following scheme be approved and established:-

(a) If, in so far as, the income of the above mentioned charity is not required for application in accordance with the provisions of the above mentioned Deed of Settlement as varied by the above mentioned scheme, then the Trustees thereof may apply the same in relieving persons in distress caused by poverty, age, sickness or other similar individual afflictions by the provision of services or facilities directed to the relief of such persons or by making grants to charitable institutions which provide or which undertake in return to provide such services or facilities.

(b) The Trustees from time to time may employ such persons to fill such offices and to perform such duties as they consider necessary for the proper administration and management of the charity and at such reasonable salaries and upon such reasonable terms as to notice within the limits permitted by law and otherwise as they think fit.

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PILKINGTON CHARITIES FUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

Public Benefit Statement

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The Charities Act 2011 highlights the requirement for all charities to have charitable purposes or aims that are for the public benefit. Given the range and nature of the donations, the Trustees consider that they are able to show thereby that not only are their purposes and aims for public benefit but also the execution of those aims meet the criteria set by the Charities Act 2011.

Achievements and performance

Financial review

The Accounts for the year ended 30 June 2023 showa net income deficit of £154,175 (before revaluations).

Reserves Policy

The Trustees do not consider the underlying capital to be reserves since it forms the sole source of income for the Trust. It is not the intention of the Trustees to build up or maintain income reserves, any under expenditure of income being balance by over expenditure in preceding or subsequent years.

Taxation Status

The Trust is a registered charity and as such is not liable to Corporation Tax, Income Tax or Capital Gains Tax on income and gains generated in the year. Irrecoverable VAT is included in the asset cost or the expense to which it relates.

Investment Policy

The investment policy is to maintain a balance between capital growth and income by which, over the long term, it is intended to maintain the real value of the capital and income. The trustees invest in equities, unit trusts, fixed interest and cash, with a medium risk profile as seems appropriate. These objectives are reviewed annually. The investment manager provides regular reports to the trustees who review the performance of the portfolio at least twice a year.

Risk Management

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. These systems and procedures are monitored on a regular basis by the Trustees.

Structure, governance and management

The trustees who served during the year and up to the date of signature of the financial statements were: Mr N Jones

MrAP Pilkington

Mrs E Ashton

The current Trustees would appoint new Trustees from within the wider Pilkington family concentrating on family members who have experience in the charity sector or who have other relevant skill sets. The training necessary is provided by senior family members who have been involved with the charity for many years.

Trustee Expenses

The Trustees do not charge any fees or claim any reimbursement of their personal general management costs.

Trustees’ Complaints Policy

All complaints are considered by the Trustees of the Charity and responded to within three weeks.

Asset cover for funds

The Trustees are satisfied that the charity's assets are available and adequate to fulfil its obligations in relation to those funds. The Trustees have decided to restrict annual expenditure within the income arising in the year (unless there are special circumstances) in order to preserve the long term viability of the Trust.

The trustees’ report was approved by the Board of Trustees.

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PILKINGTON CHARITIES FUND

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

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PILKINGTON CHARITIES FUND

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2023

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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PILKINGTON CHARITIES FUND

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF PILKINGTON CHARITIES FUND

Opinion

We have audited the financial statements of Pilkington Charities Fund (the ‘charity’) for the year ended 30 June 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• give a true and fair view of the state of the charity's affairs as at 30 June 2023 and of its incoming resources and application of resources, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

• the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

• the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies Or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or

• sufficient accounting records have not been kept; or

• • the financial statements are not in agreement with the accounting records; or

• we have not received all the information and explanations we require for our audit.

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PILKINGTON CHARITIES FUND

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF PILKINGTON CHARITIES FUND

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

KPH Audit & Assurance Services Ltd sucucswesvaswans caaveeses Chartered Accountants Statutory Auditor 225 Poulton Road Wallasey Wirral CH44 4BT

KPH Audit & Assurance Services Ltd is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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PILKINGTON CHARITIES FUND

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2023

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
	Notes	£	£
Income and endowments from:
Investments	3	597,029	599,921
Other income	4	-	42
Total income		597,029	599,963
Expenditure on:
Raising funds	5	78,709	82,673
Charitable activities	6	672,495	791,695
Total expenditure		751,204	874,368
Net gains/(losses) on investments	11	480,846	(1,614,689)
Net income/(expenditure) and movement in funds		326,671	(1,889,094)
Reconciliation offunds:
Fund balances at 1 July 2022		25,589,167	27,478,261
Fundbalancesat30June2023		25,915,838	25,589,167

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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PILKINGTON CHARITIES FUND

BALANCE SHEET

AS AT 30 JUNE 2023

		2023			2022
	Notes	£	£	£	£
Fixed assets
Tangible assets	13		602		602
Investments	14	24,724,190			23,557,224
		24,724,792			23,557 826
Current assets
Debtors	15	6,626		18,347
Cash at bank and in hand	1,212,910		2,162,478
	1,219,536		2,180,825
Creditors: amounts falling due within
one year	16	(28,490)	(149,484)
Net current assets		1,191,046			2,031,341
Total assets less current liabilities		25,915,838			25,589,167
Income funds
Unrestricted funds		25,915,838			25,589,167
		25,915,838			25,589,167
Thefinancialstatementswere approved	bytheTrusteeson	29 April 2024 Jee nh tk Oe		10:15 AM
DocuSignedby: rNdones	DocuSignedby: MPA P Pilkirigton		(¢dye Mrs EAshton
Trustee	Trustee		Trustee

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PILKINGTON CHARITIES FUND

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2023

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|absorbed|by|operations|19|(872.198)|(750,606)| |Investing|activities| |Purchase|of|investments|(8,343,499)|(2,092,565)| |Proceeds|on|disposal|of|investments|7,657,379|3,572,770| |Investment|income|received|608,750|600,444| |Net|cash|(used|in)/generated|from| |investing|activities|(77,370)|2,080,649| |Net|cash|used|in|financing|activities|-|-| |Net|(decrease)/increase|in|cash|and|cash| |equivalents|(949,568)|1,330,043| |Cash|and|cash|equivalents|at|beginning|of year|2,162,478|832,435| |Cash|and|cash|equivalents|at|end|of year|1,212,910|2,162,478|

----- End of picture text -----

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PILKINGTON CHARITIES FUND

STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

• 1 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised 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 where the revision affects both current and future periods.

2 Accounting policies

Charity information

Pilkington Charities Fund is a registered charity which is registered with the Charity Commission of England and Wales..

• 2.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Going concern At the time of approving the financial statements and as detailed in the Trustees' Report the trustees have have considered the impact of Covid-19 on the charity and the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Grants are only made to Charities registered with the Charity Commission. No grants are made to individuals.

2.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Investment income is accounted for on an accruals basis in the period to which it relates.

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PILKINGTON CHARITIES FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

2 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

2.5 Expenditure

Management and administration costs comprise those costs incurred in running the charity. They have been apportioned on the basis of time spent between charitable activities, cost of raising funds and governance costs.

Grants are included in the financial statements when approved by the Trustees

Governance costs consist of those costs associated with the overall running of the charity and meeting statutory and regulatory requirements

2.6 Tangible fixed assets

Freehold land is not depreciated.

• The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

• 2.7 Fixed asset investments

Fixed assets investments represent listed investments which are stated at market valuation, where market value represents the mid market value on the last trading day before the year end. Any unrealised or realised gains arising from investments are accounted for in the Statement of Financial Activities.

2.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

2.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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PILKINGTON CHARITIES FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

2 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

The Trustees do not invest in any complex financial instruments.

3 Income from investments

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
	£	£
Income from listed investments	$92,324	597,286
Stockbroker interest	3,281	591
Bank interest	1,424	2,044
	597,029	599,921

4 Other income

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		£	£
Other	income	=	42

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PILKINGTON CHARITIES FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

5 Raising funds

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		£	£
	Investment management fees	78,709	82,673
		78,709	82,673
6	Charitable activities
		Grants	Grants
		2023	2022
		£	£
	Grant funding activities (see note 8)	656,500	775,500
	Share ofgovernance costs (see note 7)	15,995	16,195
		672,495	791,695
7	Support costs allocated to activities
		2023	2022
		£	£
	Governance costs	15,995	16.195
8	Donations made to institutions during the year
			2023
			£
	Action for Children		10,000
	Age UK(Concern) Cheshire		3,000
	Alder Hey Children's Charity		6,000
	Alzheimer's Research UK		10,000
	Army's National Charity		5,000
	Aspire		6,000
	Asthma & lung Cancer		4,000
	Batten Disease FamilyAssociation		5,000
	Barnardo's		10,000
	Bipolar UK		3,000
	Blind Veterans UK		5,000
	Bradbury Fields		5,000
	Brain Tumour Charity		5,000
	Bridge 2		5,000
	British Liver Trust		5,000
	CaringConnections		1,000

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PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023

8	Donations made to institutions during the year	(Continued)
	Challenge MND	1,000
	CICRA(chrohns in childhood research Assoc)()	6,000
	Claire House Children Hospice	3,000
	Country Trust	4,000
	Crank Recreation Ground	5,000
	Crohn's and Colitis Relief	3,000
	Day OneTrauma Support	8,000
	Deafblind UK	3,000
	DEC	10,000
	Dingle MultiAgency Centre -Toxteth Town	4,000
	Disability Information Bureau	4,000
	Dream Holiday	2,000
	Edge Hill Youth & Community Centre	7,500
	Elipsery Action	2,000
	Endometriosis Uk	3,000
	Fare Share	5,000
	Fields in Trust	3,000
	First Five Festival	5,000
	Forward Trust (The Brink)	4,000
	Friends of the Elderly	3,000
	Go Beyond (CHICKS)	3,000
	Handicapped Children'sAction Group	4,000
	Hearing Dogs for the Deaf	10,000
	Honeypot Children’s Charity	5,000
	Hope Centre St Helens	3,000
	Huntingtons Disease Association	5,000
	Independent Age	5,000
	Kids Out	3,000
	L6 Community Association	6,000
	Leadership Through Sport and Business	6,000
	Leukaemia Care	6,000
	Lifelites	5,000
	Listening Books	8,000
	Look Good Feel Better	3,000
	Macmillan Cancer Support	15,000
	Marriage Care	3,000
	MedEquip4Kids	10,000
	Mencap	10,000
	Meningitis Now	7,000
	Merseyside Somali and CommunityAssociation	5,000
	Micah Liverpool	7,000
	Motor Neurone Disease Association	5,000
	Multiple Sclerosis Society	5,000
	Music in Hospitals & Care	6,000
	MyBNK (18K Over Three years)	6,000
	NASS	4,000
	NeuroMuscular Centre	2,000
	Nordoff Robbins	6,000
	NorthwestAirAmbulance	6,000
	Northwest Cancer Research	15,000
	NorthwichMultisports	5,000

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PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |8|Donations|made|to|institutions|during|the|year|(Continued)| |NSPCC|-|National|10,000| |OLLY|2,000| |OPA(The|Oesophageal|Patients|Association)|3,000| |Open|Door|10,000| |Ovacome|6,000| |Pain|Relief|Foundation|8,000| |Pbc|Foundation|4,000| |PDSA|10,000| |React|3,000| |Reengage|5,000| |Refuge|10,000| |Respite|Association|3,000| |Royal|Valuntary|Service|1,000| |Samaritans|8,000| |Sands|1,000| |Sarcoma|UK|3,000| |Save|the|Family|5,000| |Sefton|Women’s|and|Children’s|Aid|4,000| |Sense|7,000| |Shaftesbury|Youth|Club|5,000| |Shakespeare|North|Playhouse|5,000| |Shelter|10,000| |Society|for|Mucopolysaccharide|Diseases|4,000| |Speech|and|Language|UK|5,000| |St|Vincent|de|Paul|-|Wirral|Camp|3,000| |Stick|'n'|Step|9,000| |Stroke|Association|10,000| |Sunflowers|4,000| |Target|Ovarian|Cancer|15,000| |Terence|Higgins|Trust|4,000| |The|Roy|Castle|Lung|Cancer|Foundation|10,000| |Tom|Harrison|House|5,000| |Tom's|Trust|5,000| |West|Everton|Community|Council|5,000| |Whizz|Kidz|5,000| |Willow|Foundation|3,000| |Workers|Memorial|Foundation|2,000| |Worldwide|Cancer|Research|5,000| |YHA|2,000| |Young|Lives|vs|Cancer|(formerly|CLIC|Sargent)|5,000| |Total|General|Distributons|586,500| |C&A|Pilkington|Trust|Fund| |Quarterly|donations|70,000| |Total|Donations|in|the|year ended|30|June|2023|656,500|

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-15-

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

		2023	2022
		Number	Number
	Total	-	-
11.	Gains and losses on investments
		Unrestricted	Unrestricted
		funds	funds
		2023	2022
	Gains/(losses) arising on:	£	£
	Revaluation of investments	762,077	(1,315,034)
	Sale of investments	(281,231)	(299,655)
		480,846	(1,614,689)

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Tangible fixed assets
	Freehold land
	and buildings
	£
Cost
At 1 July 2022	602
At 30 June 2023	602
Carrying amount
At 30 June 2023	602
At30June2022	602

Freehold property is the Lady Pensioners’ Pavilion at Ruskin Drive, St Helens.

-16-

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

14 Fixed asset investments

			Listed
			investments
			£
	Cost or valuation
	At 1 July 2022		23,557,224
	Additions		8,343,499
	Valuation changes		762,077
	Disposals		(7,938,610)
	At 30 June 2023		24,724,190
	Carrying amount
	At 30 June 2023		24,724,190
	At 30 June 2022		23,557,224
15	Debtors
		2023	2022
	Amounts falling due within one year:	£	£
	Other debtors	6,626	18,347
16	Creditors: amounts falling due within oneyear
		2023	2022
		s	£
	Other creditors	17,500	138,500
	Accruals and deferred income	10,990	10,984
		28,490	149,484

17 Unrestricted 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 to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

		At	1 July 2022	Incoming	Resources	Gains and	At30 June
				resources	expended	losses	2023
			£	£	£	£	£
General	funds		25,589,167	597,029	(751,204)	480,846	25,915,838

=47=

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

17 Unrestricted funds

(Continued)

Previous year:	At 1 July 2021	Incoming	Resources	Gainsand	At30June
		resources	expended	losses	2022
	£	£	£	£	£
Generalfunds	27,478,261	599,963	(874,368)	(1,614,689)	25,589,167

18 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

19 Cash generated from operations

Cash generated from operations	2023	2022
	£	£
Surplus/(deficit) for the year	326,671	(1,889,094)
Adjustments for:
Investmentincome recognised in statement offinancial activities	(597,029)	(599,921)
Loss on disposal of investments	281,231	299,655
Fair value gains and losses on investments	(762,077)	1,315,034
Movements in working capital:
(Increase)/decrease in debtors	-	1,136
(Decrease)/increase in creditors	(120,994)	122,584
Cashabsorbedbyoperations	(872,198)	(750,606)

20 Analysis of changes in net funds

The charity had no material debt during the year.

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