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2024-06-30-accounts

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

Charity registration number 225911 (England and Wales)

PILKINGTON CHARITIES FUND

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr N Jones Mr A P Pilkington Mrs E Ashton Charity number 225911 Auditor Haines Watts Pacific Chambers 11-13 Victoria Street Liverpool L2 5QQ Solicitors Brabners LLP Horton House Exchange Flags Liverpool L2 3YL Investment advisors Evelyn Partners Limited Royal Liver Building Pier Head Liverpool Merseyside L3 1NW

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

CONTENTS

Page
Trustees' report 1 - 3
Statement of trustees' responsibilities 4
Independent auditor's report 5 - 6
Statement of financial activities 7
Balance sheet 8
Statement of cash flows 9
Notes to the financial statements 10 - 20
Appendix I 20

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024

The trustees present their annual report and financial statements for the year ended 30 June 2024.

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 plc (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.

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

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 2024 show a net income deficit of £185,556 (before revaluations) (2023 - £154,175).

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

Mr A P 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.

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

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

.............................. .............................. .............................. Mr N Jones Mr A P Pilkington Mrs E Ashton Trustee Trustee Trustee 18 August 2025 | 12:37 PM BST Dated: ......................... 18 August 2025 | 12:29 PM BST Dated:......................... 02 September 2025 | 8:30 AM BST Dated: ......................

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 JUNE 2024

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:

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.

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

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 2024 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:

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:

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 requires us to report to you if, in our opinion:

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

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 charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

.........................

Michael Forshaw Senior Statutory Auditor Haines Watts Liverpool Pacific Chambers 11-13 Victoria Street Liverpool L2 5QQ

Haines Watts 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.

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2024

Unrestricted Unrestricted
funds funds
2024 2023
Notes £ £
Income and endowments from:
Investments 3 683,194 597,029
Other income 4 117 -
Total income 683,311 597,029
Expenditure on:
Raising funds 5 80,523 78,709
Charitable activities 6 788,344 672,495
Total expenditure 868,867 751,204
Net gains on investments 12 2,203,757 480,846
Net income/(expenditure) and movement in funds 2,018,201 326,671
Reconciliation of funds:
Fund balances at 1 July 2023 25,915,838 25,589,167
Fund balances at 30 June 2024 27,934,039 25,915,838

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

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

BALANCE SHEET

AS AT 30 JUNE 2024

Notes
Fixed assets
Tangible assets
14
Investments
16
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current (liabilities)/assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2024
£
£
-
28,035,557
28,035,557
4,289
314,993
319,282
(420,800)
(101,518)
27,934,039
27,934,039
27,934,039		 2023
£
£
602
24,724,190
24,724,792
6,626
1,212,910
1,219,536
(28,490)
1,191,046
25,915,838
25,915,838
25,915,838		 2023
£
£
602
24,724,190
24,724,792
6,626
1,212,910
1,219,536
(28,490)
1,191,046
25,915,838
25,915,838
25,915,838
24,724,792
1,191,046
25,915,838
25,915,838
25,915,838

|The financial statements were approved by the Trustees on .........................
02 September 2025 | 8:30 AM BST|The financial statements were approved by the Trustees on .........................
02 September 2025 | 8:30 AM BST|The financial statements were approved by the Trustees on .........................
02 September 2025 | 8:30 AM BST| |---|---|---| |..............................|..............................|..............................| |Mr N Jones|Mr A P Pilkington|Mrs E Ashton| |Trustee|Trustee|Trustee|

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £ £ £ £
Cash flows from operating activities
Cash absorbed by operations 20 (474,103) (872,198)
Investing activities
Purchase of investments (4,192,735) (8,343,499)
Proceeds on disposal of investments 3,085,727 7,657,379
Investment income received 683,194 608,750
Net cash used in investing activities (423,814) (77,370)
Net cash used in financing activities - -
Net decrease in cash and cash equivalents (897,917) (949,568)
Cash and cash equivalents at beginning of year 1,212,910 2,162,478
Cash and cash equivalents at end of year 314,993 1,212,910

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

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, 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.

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.

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

2 Accounting policies

(Continued)

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.

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

2 Accounting policies

(Continued)

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.

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.

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

2 Accounting policies

(Continued)

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
2024 2023
£ £
Income from listed investments 681,190 592,324
Stockbroker interest 1,411 3,281
Bank interest 593 1,424
683,194 597,029
Other income
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Other income 117 -
Raising funds
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Investment management fees 80,523 78,709
80,523 78,709

4 Other income

5 Raising funds

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

6
Charitable activities
Grant funding activities (see note 9)
Share of governance costs (see note 7)
7
Support costs allocated to activities
Governance costs
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
9
Donations made to institutions during the year
ABF - The Soldiers' Charity
AFK
Brains Trust
Age UK
Alder Hey Childrens Charity
Alzheimers Society (Dementia Care & Research)
Asthma UK
Barnstondale Centre
Bipolar UK
BLESMA
Bliss
Blood Pressure Association
Bowel Cancer UK
Bradbury Fields
Brainwave
Bright Park
British Dyslexics
British Heart Foundation
British Liver Trust
Brittle Bone Society
Calibre Audio Library
Callister Trust
Campus Chhildrens Holiday		 Grants
2024
£
765,500
22,844
788,344
2024
£
22,844
2024
£
8,208		 Grants
2023
£
656,500
15,995
672,495
2023
£
15,995
2023
£
1,866
2024
£
5,000
2,000
5,000
5,000
5,000
10,000
4,000
10,000
3,000
2,000
6,000
2,000
1,000
7,000
5,000
7,000
3,000
5,000
5,000
2,000
5,000
10,000
6,000

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

9 Donations made to institutions during the year

(Continued)

Cancer Support UK 7,000
Carers UK 5,000
Caudwell Children 5,000
Cavell Nurses Trust 3,000
Changing Faces 3,000
Child Brain Injury Trust 6,000
Children's Adventure Farm Trust 1,000
CLIC Sargent 5,000
Clowns in the Sky 1,000
Combat Stress 5,000
Contact a Family 5,000
Country Trust 5,000
Crank Recreation Ground 3,000
Crohns + 3,000
Crossing Point 4,000
Cruse Breavement Support 5,000
Cystic Fibrosis Trust 6,000
Deafblind UK 3,000
Dementia Together Wirral 5,000
Diabetes 5,000
Dingle Multi Agency Centre (Toxteth Town Hall Comm Resource Centre) 4,000
Dogs Trust 5,000
Douglas Bader Foundation 3,000
End Furniture Poverty 6,000
Endometriosis UK 3,000
Epilepsy Action 2,000
Fallen Angels Dance Theatre 4,000
Fire Fighters Charity 5,000
Forward Trust (The Brink) 4,000
Graeae Theatre Company 3,000
Great Ormond Street 1,000
Handicapped Children's Action Group 2,000
Hearing Dogs for the Deaf 10,000
Henshaws 5,000
Hope For Justice 10,000
Horse Sense Wirral 1,000
Hour Glass 5,000
House of Memories (NML) 10,000
Independent Age 5,000
L'Arche in the UK 3,000
Leadership Through Sport and Business 8,000
Listening Books 8,000
Liverpool Philharmonic 3,500
Living Paintings 4,000
London Hearts 5,000
Look Good Feel Better 4,000
Centre for Sustainable Healthcare 5,000
Macmillan Cancer Support 15,000
Maggies 5,000
Making Space 4,000
Marriage Care 3,000

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

Donations made to institutions during the year (Continued)
MedEquip4Kids 10,000
Mencap Liverpool 2,000
Menigitis Now 8,000
Mersey Care 4,000
Mersey Counselling and Therapy Centre 4,000
Motivation 2,000
Multiple Sclerosis Society 7,000
Music in Hospitals & Care 8,000
My Bnk 6,000
Newlife Charity for Disabled Children 10,000
Nordoff & Robbins Music Therapy 5,000
North West Air Ambulance 6,000
OPA 3,000
Ovacome 6,000
Pancreatic Cancer UK 10,000
Parenting Mental Health 4,000
Poppy Charity 2,000
Power 2 6,000
Project Youth Cancer 5,000
Royal British Legion 5,000
React 4,000
Read for Good 5,000
Reengage 5,000
Refugee Action 5,000
Respite Association 3,000
Right to Succeed 4,000
RNIB 4,000
Rossendale Trust 2,000
Royal Air Force Benevolent Fund 5,000
Royal Court Liverpool Trust 10,000
Royal Voluntary Service 1,000
Samaritans 8,000
Sam's Diamonds 1,000
SANE 1,000
School Home Support 5,000
Sense 8,000
Shaftesbury Youth Club 9,000
Shelter 10,000
Shine 3,000
Shout 5,000
Society for Mucopolysaccharide Diseases 4,000
Spinal Injuries Association 5,000
Stick 'n' Step 9,000
Stroke Association 10,000
Support Dogs 5,000
Support Through Court Liverpool 5,000
Team Oasis 10,000
The Bluecoat 6,000
The Brain Tumor Charity 5,000
Tom's Trust 5,000
Torus Foundation 3,000

9 Donations made to institutions during the year

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

9 Donations made to institutions during the year (Continued)
Tranmere Rovers in the Community 3,000
Walton Lea Partnership 3,000
West Everton Community Council 5,000
Whizz Kidz 5,000
Willow Foundation 3,000
Wirral Ark 5,000
Woodlands Hospice 10,000
Woodwork to Wellness 3,000
Worldwide Cancer Research 10,000
Zoe's Place 5,000
__
Total General Distributons 685,500
Medical Aid for Palestinians 10,000
C&A Pilkington Trust Fund
Quarterly donations 70,000
Total Donations in the year ended 30 June 2024 765,500

10 Trustees

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

11 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
Total
12
Gains and losses on investments		 2024
Number
-		 2023
Number
-
Unrestricted Unrestricted
funds funds
2024 2023
Gains/(losses) arising on: £ £
Revaluation of investments 2,307,672 762,077
Sale of investments (103,313) (281,231)
Revaluation of investment properties (602) -
2,203,757 480,846

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

13 Taxation

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

14 Tangible fixed assets

Freehold land
and buildings
£
At 1 July 2023 602
Revaluation (602)
Carrying amount
At 30 June 2023 602

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

15
Debtors
Amounts falling due within one year:
Dividends due
Other debtors		 2024
£
4,289
-
4,289		 2023
£
-
6,626
6,626

16 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 July 2023 24,724,190
Additions 4,192,735
Valuation changes 2,307,672
Disposals (3,189,040)
At 30 June 2024 28,035,557
Carrying amount
At 30 June 2024 28,035,557
At 30 June 2023 24,724,190

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

17 Creditors: amounts falling due within one year

Other creditors
Accruals and deferred income		 2024
£
403,000
17,800
420,800		 2023
£
17,500
10,990
28,490

18 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 2023
£
General funds
25,915,838
Previous year:
At 1 July 2022
£
General funds
25,589,167		 Incoming
resources
£
683,311
Incoming
resources
£
597,029		 Resources
expended
£
(868,867)
Resources
expended
£
(751,204)		 Gains and
losses
£
2,203,757
Gains and
losses
£
480,846		 At 30 June
2024
£
27,934,039
At 30 June
2023
£
25,915,838

19 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

20 Cash absorbed by operations

Cash absorbed by operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of investments
Fair value gains and losses on investment properties
Fair value gains and losses on investments
Movements in working capital:
Decrease in debtors
Increase/(decrease) in creditors
Cash absorbed by operations		 2024
£
2,018,201
(683,194)
103,313
602
(2,307,672)
2,337
392,310
(474,103)		 2023
£
326,671
(597,029)
281,231
-
(762,077)
-
(120,994)
(872,198)

Docusign Envelope ID: 15F9457C-7ACD-4195-9AB6-2D6AE45BF305

PILKINGTON CHARITIES FUND

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024

21 Analysis of changes in net funds

The charity had no material debt during the year.