Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **Charity registration number 225911 (England and Wales)** ## **PILKINGTON CHARITIES FUND** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr N Jones Mr A P Pilkington Mrs E Ashton **Charity number** 225911 **Independent examiner** John Duffy Rathbones Trust Company Limited Port of Liverpool Building Pier Head Liverpool L3 1NW **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: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Independent examiner's report|4| |Statement of financial activities|5| |Balance sheet|6| |Statement of cash flows|7| |Notes to the financial statements|8 - 18| |Appendix I|19| Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 30 JUNE 2025**_ The trustees present their annual report and financial statements for the year ended 30 June 2025. 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. - 1 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **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. On 30 June 2025 the Trustees executed a Deed of Gift, gifting the entire value of the fund to the Community Foundation for Lancashire and Merseyside. ## **Achievements and performance** ## **Financial review** The Accounts for the year ended 30 June 2025 show a net income deficit of £28,028,542 (before revaluations) (2024 - £185,556). ## **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. - 2 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **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. .............................. .............................. .............................. **Mr N Jones Mr A P Pilkington Mrs E Ashton** Trustee Trustee Trustee Dated: ......................... 07 April 2026 | 2:46 PM BST Dated:......................... 14 April 2026 | 11:08 AM BST Dated: ...................... 07 April 2026 | 3:24 PM BST - 3 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PILKINGTON CHARITIES FUND** I report to the trustees on my examination of the financial statements of Pilkington Charities Fund (the charity) for the year ended 30 June 2025. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity’s financial statements carried out 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 145(5)(b) of the Charities Act 2011. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 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 to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **John Duffy** Rathbones Trust Company Port of Liverpool Building Pier Head Liverpool L3 1NW Date: ............................ 14 April 2026 | 11:18 AM BST - 4 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 JUNE 2025**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2025**|**2024**| ||**Notes**|**£**|**£**| |**Income and endowments from:**|||| |Investments|**3**|645,327|683,194| |Other income|**4**|-|117| |**Total income**||645,327|683,311| |**Expenditure on:**|||| |Raising funds|**5**|81,773|80,523| |Charitable activities|**6**|28,592,096|788,344| |Total expenditure||28,673,869|868,867| |Net gains on investments|**11**|105,329|2,203,757| |**Net expenditure and movement in funds**||(27,923,213)|2,018,201| |**Reconciliation of funds:**|||| |Fund balances at 1 July 2024||27,934,039|25,915,838| |**Fund balances at 30 June 2025**||10,826|27,934,039| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 5 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **BALANCE SHEET** ## _**AS AT 30 JUNE 2025**_ |**Notes**
**Fixed assets**
Investments
**15**
**Current assets**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**16**
Net current assets/(liabilities)
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2025**
**£**
**£**
-
-
47,213
47,213
(36,387)
10,826
10,826
10,826
10,826|**2024**
**£**
**£**
28,035,557
4,289
314,993
319,282
(420,800)
(101,518)
27,934,039
27,934,039
27,934,039| |---|---|---| 14 April 2026 | 11:08 AM BST The financial statements were approved by the Trustees on ......................... |..............................|..............................|..............................| |---|---|---| |Mr N Jones|Mr A P Pilkington|Mrs E Ashton| |**Trustee**|**Trustee**|**Trustee**| - 6 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 30 JUNE 2025**_ |**Notes**
**Cash flows from operating activities**
Cash absorbed by operations
**19**
**Investing activities**
Purchase of investments
Proceeds on disposal of investments
Investment income received
**Net cash generated from/(used in)**
**investing activities**
**Net cash used in financing activities**
**Net decrease in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**£**
**£**
(29,053,993)
(6,847,259)
34,988,145
645,327
28,786,213
-
(267,780)
314,993
47,213|**2024**
**£**
**£**
(474,103)
(4,192,735)
3,085,727
683,194
(423,814)
-
(897,917)
1,212,910
314,993| |---|---|---| - 7 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **STATEMENT OF CASH FLOWS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **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. - 8 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **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. - 9 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **2 Accounting policies** ## **(Continued)** Freehold land is not depreciated. ## **2.6 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. ## **2.7 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. ## **2.8 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. ## _**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. - 10 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **3 Income from investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Income from listed investments|641,341|681,190| |Stockbroker interest|3,821|1,411| |Bank interest|165|593| ||645,327|683,194| ## **4 Other income** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Other income|-|117| |**Raising funds**||| ||**Unrestricted**|Unrestricted| ||**funds**|funds| ||**2025**|2024| ||**£**|£| |Investment management fees|81,773|80,523| ||81,773|80,523| **5 Raising funds** - 11 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025** ## **6 Charitable activities** |Sundry expenses
Solicitors fees
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 independent examination of the charity's financial
statements
**9**
**Donations made to institutions during the year**
Alder Hey Childrens Charity
Acron farm
Ashtma + Lung UK
Aspire
Autism Inclusive
Barnardos
BDFA
Be Free Campaign
BLESMA
Blind Veterans UK
Bloom
Bobby Colleran Trust
Bowel Cancer UK
Bowel Disease Research Fund
Brainwave
British Dyslexics
British Heart Foundation
British Liver Trust||**Grants**
**2025**
**£**
399
12,812
13,211
28,563,607
15,278
28,592,096
**2025**
**£**
15,278
**2025**
**£**
-|**Grants**
**2024**
**£**
-
-| |---|---|---|---| ||||-
765,500
22,844| ||||788,344| ||||**2024**
**£**
22,844| ||||**2024**
**£**
8,208| ||||2025
£
5,000
21,000
5,000
7,000
3,000
10,000
5,000
5,000
4,000
5,000
3,000
5,000
1,000
8,000
5,000
3,000
5,000
5,000| - 12 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** |**Donations made to institutions during the year**|**(Continued)**| |---|---| |British Stammering Association (Stamma)|4,000| |British Wireless for the Blind Fund|3,000| |Calibre Audio Library|5,000| |Calvert Exmoor Trust|3,000| |Campus Childrens Holidays|5,000| |Cancer Research UK|10,000| |Cancer Supoort UK|8,000| |Career Connect|10,000| |Caudwell Children|5,000| |Cavell Nurses Trust|3,000| |Child Brain Injury Trust|6,000| |CICRA (chrohns in childhood research Assoc)|6,000| |Claire House|4,000| |Clatterbridge Cancer Charity|7,000| |CLIC Sargent|5,000| |Clowns in the Sky|1,000| |Combat Stress|5,000| |Congolese Association of Merseyside|1,000| |Country Trust|5,000| |Crohns & Colitis|5,000| |Cyclists fighting cancer|2,000| |Cystic Fibrosis Trust|6,000| |Day One Trauma Support|10,000| |Dec (Earthquake)|25,000| |Dec (Humanitarian Appeal)|10,000| |Dementia Together Wirral|5,000| |Dingle Multi Agency Centre (Toxteth Town Hall Comm Resource Centre)|4,000| |Dogs Trust|10,000| |Dystonia Society|2,000| |Ehlers-Danlos Support UK|5,000| |Epilepsy Action|2,000| |Family Forge|7,000| |Friends of the Elderly|4,000| |Girls Friendly Society|5,000| |Give It Your Max|2,000| |Hearing Dogs for the Deaf|10,000| |Henshaws|5,000| |Honeypot Childrens Charity|5,000| |Hope Centre St Helens|3,000| |Hourglass|5,000| |Huntingtons Disease Association|5,000| |Independent Age|5,000| |Kaalmo Youth Development|4,000| |Kidney Care UK|1,000| |Kindred Minds|3,000| |Lifelites|5,000| |Listening Books|9,000| |Liverpool CVS, Community Foundation (Parade)|10,000| |Liverpool CVS, Community Foundation (Southport)|10,000| |Liverpool Heart and Chest Hospital|10,000| |Living Paintings|5,000| ## **9 Donations made to institutions during the year** - 13 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** |**Donations made to institutions during the year**|**(Continued)**| |---|---| |Look Good Feel Better|5,000| |Lullaby Trust|9,000| |Macular Society|5,000| |Maggies|5,000| |Marine in the Community|3,000| |Marriage Care|3,000| |MedEquip4Kids|10,000| |Merseyside Somali and Community Association|5,000| |Missing People Ltd|3,000| |Muscular Dystrophy UK|2,000| |Muscular Dystrophy UK|1,000| |My Bnk|6,000| |NASEN (National Association for Special Education Needs)|7,500| |Newlife Charity for Disabled Children|15,000| |Northwood together community group|10,000| |OCD ACTION|6,000| |OPA Cancer Charity|3,000| |Open Door|10,000| |Ovacome|10,000| |Pancreatic Cancer UK|15,000| |Parkinson's Care & Support UK|5,000| |Pbc Foundation|4,000| |PDSA|10,000| |Peer Talk|3,000| |Place 2 Be|5,000| |Pool of Life Breast Cancer Survivors’ Dragon Boat Team|2,000| |Power 2|6,000| |PSP Association|5,000| |React|5,000| |Refugee Action|5,000| |Renella Trust|5,000| |Respite Association|3,000| |Right to succeed CIO|8,000| |Ronald McDonlad House Charities|5,000| |Royal Air Force Benevolent Fund|5,000| |Royal Air Forces Association|1,000| |Royal Albert Dock Liverpool Charitable Foundation|10,000| |Royal Court Liverpool Trust|10,000| |Samaritans|9,000| |Sands|2,000| |Save the Family|6,000| |Sefton support group|5,000| |Sense|9,000| |Shaftesbury Youth Club|16,000| |Shift.ms|2,000| |Shy Lowen Horse and Pony Sanctuary|3,000| |Society for Mucopolysaccharide Diseases (MPS Society)|4,000| |Space4Autism|5,000| |Speech and Language UK|5,000| |Spinal Injuries Association|5,000| |Sports alive|3,000| ## **9 Donations made to institutions during the year** - 14 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** |**9**|**Donations made to institutions during the year**|**(Continued)**| |---|---|---| ||Support Through Court|7,000| ||Tall Ships Youth Trust|5,000| ||Tate Liverpool|6,000| ||Team Oasis|10,000| ||Teapot Trust|4,000| ||Teenage Cancer Trust|10,000| ||Terence Higgins Trust|4,000| ||The Roy Castle Lung Cancer Foundation|9,000| ||Tommy's|5,000| ||Tom's Trust|5,000| ||Torus|4,000| ||Toxteth Women's centre|10,000| ||Wellbeing of Women|7,000| ||West Coast Crash|5,000| ||West Everton Community Council|5,000| ||Whizz Kidz|10,000| ||Willow Foundation|3,000| ||Wirral Ark|6,000| ||Wirral Hospice|6,000| ||Woodland Trust|1,000| ||Woodwork to Wellness|3,000| ||Worldwide Cancer Research|10,000| ||Your Edge North West|5,000| ||Youth Hostel Association|3,000| ||Zoes place|13,000| ||Total General Distributions|860,500| ||C&A Pilkington Trust Fund (Quarterly donations)|70,000| ||Community Foundation for Lancashire and Merseyside|27,633,107| ||Total Donations in the year ended 30 June 2025|28,563,607| ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. - 15 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** ## **11 Gains and losses on investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| |Gains/(losses) arising on:|**£**|**£**| |Revaluation of investments|217,022|2,307,672| |Sale of investments|(111,693)|(103,313)| |Revaluation of investment properties|-|(602)| ||105,329|2,203,757| |**Employees**||| |The average monthly number of employees during the year was:||| ||**2025**|**2024**| ||**Number**|**Number**| |Total|-|-| ## **12 Employees** ## **13 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **14 Debtors** |**Debtors**||| |---|---|---| ||**2025**|**2024**| |**Amounts falling due within one year:**|**£**|**£**| |Dividends due|-|4,289| ## **15 Fixed asset investments** ||**Listed**| |---|---| ||**investments**| ||**£**| |**Cost or valuation**|| |At 1 July 2024|28,035,557| |Additions|6,847,259| |Valuation changes|217,022| |Disposals|(35,099,838)| |At 30 June 2025|-| |**Carrying amount**|| |At 30 June 2025|-| |At 30 June 2024|28,035,557| - 16 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** ## **15 Fixed asset investments** ## **(Continued)** ## **16 Creditors: amounts falling due within one year** |Other creditors
Accruals and deferred income|**2025**
**£**
17,800
18,587
36,387|**2024**
**£**
403,000
17,800| |---|---|---| |||420,800| ## **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 2024**
**£**
General funds
27,934,039
**Previous year:**
**At 1 July 2023**
**£**
General funds
25,915,838|**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
645,327
(28,673,869)
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
683,311
(868,867)|**Gains and**
**losses**
**£**
105,329
**Gains and**
**losses**
**£**
2,203,757|**At 30 June**
**2025**
**£**
10,826| |---|---|---|---| ||||**At 30 June**
**2024**
**£**
27,934,039| ## **18 Related party transactions** There were no disclosable related party transactions during the year (2024 - none). - 17 - Docusign Envelope ID: D48D6865-551D-4DA8-A0BC-CFDB0EAB2283 ## **PILKINGTON CHARITIES FUND** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** |**19**
**Cash absorbed by operations**
**2025**
**£**
(Deficit)/surplus for the year
(27,923,213)
**Adjustments for:**
Investment income recognised in statement of financial activities
(645,327)
Loss on disposal of investments
111,693
Fair value gains and losses on investment properties
-
Fair value gains and losses on investments
(217,022)
**Movements in working capital:**
Decrease in debtors
4,289
(Decrease)/increase in creditors
(384,413)
**Cash absorbed by operations**
(29,053,993)|**2024**
**£**
2,018,201
(683,194)
103,313
602
(2,307,672)
2,337
392,310
(474,103)| |---|---| ## **20 Analysis of changes in net funds** The charity had no material debt during the year. - 18 -