D(wsion Envelope ID. 2733FOBC-53A645FD.AC44-118FE47096C9 LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 (CHARITY) ACCOUNT UNAUDITED ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED TH 25 MAY 2024 CHARITY NUMBER- 229539
tknwygn Envelope ID.. 2732FoBC.A6_4sFrAc44_1l8FE478C9 LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 (CHARITY) ACCOUNT TRUSTEE'S REPORT FOR THE YEAR ENDED 25TH MAY 2024 The Trustees present their annual report and financial statements of the charity for the year ended 25 May 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 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 Practi applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and RepLJblic of Ireland IFRS 102) (effective 1st January 2019). OBJECTIVES AND ACTIVITIES The trustee, in the position of Lord Mayor of Liverpool, raises funds through various activities, to support local charities and 'good causes, in and around the Liverpool area. Grant-making policy: Grant making decisions are entirely at the discretion of the trustee. Public benefit.. The funds raised are distributed to local charities and 'good causes, in Liverpool improving the lives of many beneficiaries. The Irustee has given consideration to the public benefit guidan published by tho Charity Commission. ACHIEVEMENTS AND PERFORMANCE The charity generates income through various fundraising events, a Grand Charity Ball and numerous themed charity nights,. the income of which funds the payment of grants to charitable organisations in Liverpool. The trust continued to receive donations from third parties throughout the year. FINANCIAL REVIEW 5ncome for the year totalled £78,602 12023.. £37,337), of which £54,522 12023.. £33,972) arose from fundraising. Donations received were £24,08012023. £3,365). Grants of £79,970 (2023.. £35,732) were made to local charitable organisations during the year. Risk Management: The main risks to which the Gharity is exposed as identified by the trustee have been considered and systems have been established to mitigate those risks. Reserves policy: The level of reserves held should be at a minimal level. All reserves, where possible, are distribuled in the year they are raised. Plan$ for the future: The charity's objectives remain unchanged for the future,. the intention for next year is further grant making through continued fundraising and donor support.
DoBusign Envelope ID. 2733F08C-53A6-45FD-AC44-1 f8FE47096C9 LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 {CHARITYI ACCOUNT TRUSTEE'S REPORT FOR THE YEAR ENDED 25TH MAY 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity (number 2295391 was established on 315t March 1964 by 'Section 595 of Liverpool Corporation Act 1921,. Administration: The trusl is administered by Liverpool Charity and Voluntary Services ILCVSI. LCVS administers and records all income received and process all payments on behalf of the trust. All funds are promptly banked and reconciled on a monthly basis in accordance with LCVS, own internal processes and controls. Appointment of Trustee: The trustee l Lord Mayor is always a serving councillor of Liverpool City Council and is elected by the full council at ils Annual General Meeting. REFERENCE AND ADMINISTRATIVE DETAILS Name Liverpool Corporation City Justices Poor Fund or The Lord Mayor's No.2 (Charity) 229539 Charity Number Principal Office The Lord Mayor's Office, Town Hall, Liverpool L2 3SW Trustees The trustee, who is also the Lord Mayor, held office during the year as follows.. Cllr Mary Rasmussen Cllr Richard Kemp LCVS 151 Dale Street Liverpool, L2 2AH Paula Sanchez ACCA Score Lane Liverpool. L16 5EF (Resigned 15th May 2024) (Appointed 15th May 20241 Accountsnts Independent Examiner TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistenlly., observe the methods and principles in the applicable Charities SORP.
Docusign Envelope ID." 2733FOBC-53A6_45FD_AC44-118FE47096C9 LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 (CHARITY) ACCOUNT TRUSTEE'S REPORT FOR THE YEAR ENDED 25TH MAY 2024 make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on and signed on their behalf by Cllr Richard Kemp TrusteelLord Mayor 2710212025 Dated
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE OF LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 {CHARITYI ACCOUNT I report to the trustee on my examination of the financial statements of Liverpool Corporation City Justices Poor Fund or The Lord Mayor's No.2 {'the charity,) for the year ended 25th May 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely lo the charity's trustee, as a body, in accordan with section 145 of the Charities Act 2011. My work has been undertaken so that I might slate to the charity's trustee those matters l am required to stale to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the trustee of the charity, you are responsible for the preparation of the financial slaternents in accordance with the requirements of Ihe Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my exarnination I have followed all the applicable Directions given by the Charity Commission under section 14515}(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect:
accounting records were nol kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements Conrning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 lo enable a proper understanding of the financial statements to be reached. Name.. Paula Sanchez Name of applicable listed body.. Association of Chartered Certified Accountants Relevant professional qualification or body.. ACCA Date 21312025
D(Ku5ign Envdope ID. 2733FO8C-53A645FD-AC44-118FE47096Cg LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 (CHARITY) ACCOUNT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 25TH MAY 2024 Unrestricted Funds Capital Funds 2024 Income Funds 2024 Total 2024 Total 2023 Income from: Donations Other trading income Noles 24,080 54,522 24,080 54,522 3,365 33,972 2b Total income 78,602 78,602 37,337 Expenditure on: Raising funds Charitable activities 16,775 81,420 16,775 81,420 16,289 37,182 Total expenditure 98,195 98,195 53,471 Net lexpenditurel, net movement Én funds 119,5931 (19,5931 116,1341 R8conciliation of funds.. Total funds brought forward 19,593 19,593 35,727 Total funds carried forward 19,593 The notes on pages 8 to 12 form part ofthese accounts. The net movement in the funds in the year is derived from the continuing activity of the charity. All of the charity's funds are unrestricted for years ended 25th May 2023 and 25th May 2024.
Docusign Envdope ID 2733F08C-53A645FD_A044_118FE47096C9 LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 {CHARITY) ACCOUNT BALANCE SHEET AS AT 25TH MAY 2024 25th May 2024 25th May 2023 Fixed assets Tangible fixed assets Notes Current assets Debtors Cash balances 14,776 49,303 1,692 27,433 64,079 29,125 Current liabilities Creditors due in {64,0791 (9,532) Net current assets 19.593 Net assets 19,593 The funds of the charity: Unrestricted funds Income funds Capital funds 19,593 19,593 Approved and authorised for issue by the Trustee and signed on its behalf by Cllr Richard Kemp Trustee l Lord Mayor 2710212025 Date:
DJg Envdope ID.. 2733FOBC-53A&45FD-AC44-118FE47096C9 LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 (CHARIVI) ACCOUNT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 25TH MAY 2024 1. ACCOUNTING POLICIES Basis of Accounting The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) ISORP 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021 (effective 1st January 20191 and the Charities Act 2011. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise staled in the relevant note(s) to these accounts. The trust constitutes a public benefit entity as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financi21 slalements are rounded to the nearest £. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concern At the time of approving the accounts the trustees have a reasonable expectation that the charity has adequate reserves lo continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going Gonrn basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are considered 'free' reseNes and are expendable at the discretion of the Trustees in furtheran of the general objectives of the Trust. Income recognition All income is recognised On the charity has entitlement to the income, there is sufficient certainty of reIpt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations and general granls which are recognised in the accounts when received, with the exptIOn of known legacies which are accounted for when their receipt is certain. Income from other trading aclivilies relates to fundraising events and is recognised when the amount is certain. Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il is probable that settlement will be required, and the amount of the obligation can be measLJred reliably. All expenditure is accounted for on an accrual basis. All expenses, including support and governan costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.
D(Kusign Envelope10." 2733FOBC-53A6-45FD-AC44-118FE47096Cg LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 (CHARITY) ACCOUNT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 25TH MAY 2024 Raising funds costs relate to expenses incurred for the fundraising events. CharitabSe activities include grant funding, along with associated support costs, lo beneficiaries. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity. Support costs relate to compliance with constitutional and statutory requirements and specifically include all costs incurred by the charity in producing the Annual Report. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther 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 offsel, 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 intenlion 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 liabilitie5 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 receipts discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt inslrumenls are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Taxation The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions.
Dctu*gn Envebpe ID.. 2732FOBS3A64SFDthc44-lI8FE4?Os6C$ LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 (CHARITY) ACCOUNT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 25TH MAY 2024 The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. 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 on-going 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. Income and endowments from: Income Funds 2024 Capital Funds 2024 Total Totsl 2024 2023 a. Donation and legacies Donations Donations from Lord Mayor's prize draw 21,632 21,632 50 2,448 2,448 3.315 24,080 24,080 3,365 b. Other trading activities Fundraising activities 54,522 54,522 33,972 54,522 54,522 33,972 3. Expenditure on raising funds: 2024 2023 Fundraising activities costs 16,775 16,289 io-
Dog Envelope ID". 2733FOBC-53A6-45FD-AC44-118FE47096C9 LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 (CHARITY) ACCOUNT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 25TH MAY 2024 4. Expenditure on charitable activities: 2024 2023 Direct charitable expenditure." Grant funding Grant support administration 79,970 800 35,732 800 80,770 36,532 2024 2023 Support and govemance.. Accounts preparation Independent examination 400 250 400 250 650 650 81.420 37,182 "The following grants were made during the year.. Grants of £1,000 and over Liverpool Domestic Abuse Liverpool Military Vets Local Solutions Options for Supported Living South Liverpool Domestic Abuse Service 4,500 9,919 50,651 10,000 4,500 Total grants over £1.000 Grants under £1,000 79.570 400 Total grants 79,970 5. Tangible fixed assets: There were no tangible fixed assets during or at year end 25th May 2024 {2023.' None) 6. Debtors: 2024 2023 Debtors 14,776 1,692 -li-
EnvÈbpe ID.. 2733FOBC-53A&45FD-AC44-118FE47096C9 LIVERPOOL CORPORATION CITY JUSTICES POOR FUND OR THE LORD MAYOR'S NO.2 (CHARITY) ACCOUNT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 25TH MAY 2024 7. Creditors: 2024 2023 Accruals 64,079 9,532 8. Unrestricted Funds: Income received for distribution as grants to Charitable voluntary organisations. Movement in the year Income Expenditure 2024 Funds Brought Forward Funds Carried Forward Cllr Roy Gladden Cllr Richard Kemp 19,593 9,326 69,276 (28,9191 169,2761 19,593 78,602 {98,195} Movement in the year Income Expenditure 2023 Funds Brought Forward Funds Carried Forward Cllr Mary Rasmussen Cllr Roy Gladden 35,727 20 37,317 (35,747) (17,724} 19,593 35,727 37,337 {53,471) 19,593 9. Related Party Transactions: The charity considers there to be no related party transactions during the period and last year and the trustees receive no remuneration or expenses as part of their role as Trustees of the charity. 12-