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2023-04-05-accounts

Miss E F Rathbone Charitable Trust

Also known as The Eleanor Rathbone Charitable Trust Charity Registration Number: 233241

REPORT AND ACCOUNTS FOR THE YEAR ENDED 5[TH] APRIL 2023

The Eleanor Rathbone Charitable Trust Annual Report and Accounts: Year ending 05 April 2023

Index

Page
1 – 5 Trustees’ Report including Statement of trustees’ responsibilities
6 – 8 Auditors Report
9 Statement of Financial Activities
10 Balance Sheet
11-15 Notes to the Accounts (including Accounting Policies)
16-17 Appendix – Grants List

The Eleanor Rathbone Charitable Trust Trustees Report: Year ending 05 April 2023

Report of the Trustees for the year ended 5 April 2023

The Trustees present the Annual Report and Financial Statements for the year ended 5[th] April 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts 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).

The accounts 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the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

Formation, Structure, Governance and Management.

The Eleanor Rathbone Charitable Trust is a registered charity, number 233241 and is constituted as an unincorporated trust. Its governing body is the Trustees of a Settlement dated 4[th] February 1947.

When Miss Eleanor Rathbone, Member of Parliament for the Combined Universities, died in January 1946, she left her residuary estate to her nephew Dr B.L. Rathbone with an expression of her wishes that was not legally binding. In 1947 Dr Rathbone transferred approximately £50,000 to a new charity, the Eleanor Rathbone Charitable Trust; this sum provided its initial expendable endowment, the income from which the trustees could make grants to other charities. Thanks to wise investment, that expendable endowment stood at £12,570,578 (2022: £13,180,612) at the end of this financial year.

The charity is managed by a board of five trustees. The power to appoint new trustees is vested in the current trustees. New trustees are generally recommended by an existing trustee and are chosen for the particular skills which they can bring to its governance. On appointment, new trustees have meetings with the chair of Trustees and with the administrator, are given an introduction to the work of the charity and provided with a copy of the trust deed, recent minutes of Trustees’ meetings and the latest annual report and accounts. They are also given information about charity law and the role of a trustee.

All trustees give of their time freely and no trustee remuneration was paid in the year under review. Details of trustee expenses are disclosed in Note 8 to the accounts. Trustees are required to disclose all relevant interests which might conflict with those of the charity and to withdraw from decisions where a conflict of interest might arise.

To support the coordination of the charity’s work, it has a consultancy agreement with Ms Liese van Alwon to undertake the work of Administrator for the charity.

The trustees meet three times a year. At those meetings, the trustees agree a broad strategy and areas of activity for the charity including grantmaking, investment, reserves and risk management. They consider the applications for a grant received from front-line charities and agree the size of grant (if any) which should be awarded.

Objectives and Activities for the Public Benefit.

The Eleanor Rathbone Charitable Trust is a grant-giving charity. The income of the trust, net of expenses, is approximately £347,000 per annum. The trustees aim to fully distribute the income in the following 12 months, any under- or over-spend being taken into account in the following year.

During the year, the trustees reviewed their distribution policy. They agreed the following areas of benefit:

Priority is given to organisations which further the needs of women and girls; help those most in need; pioneer; and contribute to racial harmony.The trustees also support human rights; education; health and

1

The Eleanor Rathbone Charitable Trust Trustees Report: Year ending 05 April 2023

well-being.The trustees welcome the opportunity to support schemes which will help to get projects started; and/or where a donation will make a major impact.Neglected and unpopular causes. In addition, they give special consideration to charities in which any of the trustees have a particular interest, knowledge or association; and causes which the trustees believe that Eleanor Rathbone or her father William Rathbone VI would have had a special interest.

The trust allocates a small part of its grants budget to organisations providing holidays for disadvantaged families in Merseyside.

The trustees have considered the Charity Commission’s guidance on Public Benefit under the Charities Act 2011 and consider that the requirements have been met.

Achievements

The trust continues to concentrate its efforts on Merseyside where there are rising levels of deprivation; this is expected to increase as a result of continuing major cuts in public expenditure. During the year, the trust gave 63.4% of its grants by value to charities benefiting people on Merseyside.

During the year 162 grants were made, ranging from £800 - £10,000. Most grants were in the region of £1,000 - £5,000. One grant offer of £2,000 was withdrawn. The net total of grants was £392,200; of these, £25,000 remained unpresented at the year-end.

No. of grants Value of grants % of Value
made agreed
£
Merseyside 69 235,900 60.1%
National 29 72,000 18.4%
International 57 71,500 18.2%
Holidays (Merseyside) 7 12,800 3.3%
162 392,200

William (Bill) Rathbone OBE

During the course of the year, the Trust suffered the loss of Bill Rathbone who died on 31[st] December 2022 at the age of 86.

Bill was by far the Trust’s longest serving trustee. With his extensive knowledge and practical experience of the Third Sector, he made a highly valued contribution to the work of the Trust. Despite illness in the last few years, he continued to play an active role. His wise counsel, good humour and generosity is much missed.

2

The Eleanor Rathbone Charitable Trust Trustees Report: Year ending 05 April 2023

Financial Strategy

The trustees aim to maximise their grant giving consistent with:

The trustees wish to ensure that the objectives outlined above are achieved within acceptable risk. This implies the need for diversification of investment within the portfolio by including fixed interest stocks, UK shares and overseas shares.

Whilst no restrictions are in place and all funds are available to meet the charity’s objectives, the trustees have decided to consider their investment portfolio to be “expendable endowment” since they are not a fundraising charity and the portfolio represents their only source of income. As stated above, they therefore restrict annual expenditure to the income arising in the year unless there are special circumstances in order to preserve the long-term viability of the charity.

Management of Resources

The charity’s investment policy (which is reviewed annually) is to secure by responsible investment, the maximum income that can be achieved consistent with the preservation of capital in real terms over the long term.

Management of the portfolio is delegated on a discretionary basis to Rathbone Investment Management Ltd. Trustees review quarterly valuations of the investment portfolio against agreed indices. They meet the fund manager responsible for the portfolio at least once a year (normally twice) and agree with him a target return before agreeing a budget for the following year.

The charity’s capital is invested on stock markets; the trustees have unrestricted powers and have full discretion over the investments. The trustees are satisfied that the charity’s assets are available and adequate to fulfil its obligations. They are also satisfied that assets have been acquired and disposed of in accordance with the policy framework agreed with the fund manager.

The trustees consider the performance of the portfolio to have been satisfactory for the period under review.

The assets of the Children's Rest School of Recovery were amalgamated with those of the Eleanor Rathbone Trust for investment purposes in April 2013. Both charities are governed by the same Trustees. The assets and income of the joint portfolio are apportioned as follows: Eleanor Rathbone Trust 94.06% - Children’s Rest School of Recovery 5.94%. Figures provided in the enclosed financial statements relate only to the Eleanor Rathbone Trust share of the assets and income, and expenditure relating only to the management and administration of Eleanor Rathbone Trust Charitable objects.

Reserves

The charity does not maintain reserves and considers it unnecessary to do so.

Principal Risks and Uncertainties

The trustees have considered the major risks to which the charity is exposed together with the systems established to mitigate those risks. They maintain a risk log which is reviewed each year (most recently in November 2022) to confirm that it still covers all identified risks; they consider the systems to be satisfactory.

3

The Eleanor Rathbone Charitable Trust Trustees Report: Year ending 05 April 2023

2023 Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees' Report and the accounts 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 accounts 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 accounts, 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 accounts 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.

4

The Eleanor Rathbone Charitable Trust Trustees Report: Year ending 05 April 2023

Administration of the Charity, its Trustees and Advisers

Charity No 233241 Trustees Andrew Rathbone Jenny Rathbone Lady Morgan Mark Rathbone Joan Bonenfant Administrator Liese van Alwon Principal Office 546 Warrington Road, Rainhill, Merseyside L35 4LZ Auditor BWM, Suite 5, Tempest, 12 Tithebarn Street, Liverpool L2 2DT Investment Manager Rathbone Investment Management Ltd., Port of Liverpool Building, Pier Head, Liverpool L3 1NW

Bankers Rathbone Investment Management Ltd, Port of Liverpool Building, Pier Head, Liverpool L3 1NW

Cooperative Bank PLC, PO Box 250, Skelmersdale WN8 6WT

Approved by the Board of Trustees and signed on its behalf:

Date: 30[th] January 2024

Andrew Rathbone Trustee

5

The Eleanor Rathbone Charitable Trust Independent Auditor’s Report: Year ended 05 April 2023

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE ELEANOR RATHBONE CHARITABLE TRUST

Opinion

We have audited the financial statements of The Eleanor Rathbone Charitable Trust (the ‘charity’) for the year ended 5 April 2023 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of 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 accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts 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

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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:

6

The Eleanor Rathbone Charitable Trust Independent Auditor’s Report: Year ended 05 April 2023

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 auditors 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

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The Eleanor Rathbone Charitable Trust Independent Auditor’s Report: Year ended 05 April 2023

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://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)" 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 Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2016.

Use of our report

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 auditors' 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.

BWM

31 January 2024

Chartered Accountants Statutory Auditor

Tempest, Suite 5.1 12 Tithebarn Street Liverpool L2 2DT

8

The Eleanor Rathbone Charitable Trust Statement of Financial Activities: Year ended 05 April 2023

Notes
Income from:
Incoming resources from generated funds
Investment income and interest
3
Other incoming resources
4
Total incoming resources
Expenditure on:
Raising funds
5
Charitable activites
6
Total resources expended
Net gains/losses on investments
10
Net movement in funds
Total funds brought forward as at 06 April 2022
Total funds carried forward as at 05 April 2023		 All funds
unrestricted
Total
2023
£
393,803
-
393,803
46,635
417,421
464,056
-
(539,781)
-
(610,034)
13,180,612
12,570,578		 All funds
unrestricted
Total
2022
£
368,093
107,768
**475,861 **
45,966
378,104
424,070
1,664,544
1,716,335
11,464,277
13,180,612

9

The Eleanor Rathbone Charitable Trust Balance Sheet: As at 05 April 2023

Notes
Fixed Assets
Investments at Market Value
11
Total Fixed Assets
Current Assets
Total Cash at Bank and on Deposit
13
Total Current Assets
Liabilities: amounts falling due within one year
14
Net Current (Liabilities) Assets
Total assets less current liabilities
Total Unrestricted Funds at 05 April 2023		 All funds
unrestricted
Total
2023
£
12,572,682
12,572,682
55,514
55,514
57,618
(2,104)
12,570,578
12,570,578		 All funds
unrestricted
Total
2022
£
13,138,963
13,138,963
206,183
206,183
164,534
41,649
13,180,612
13,180,612

Approved by the Board of Trustees and signed on its behalf:

Date: 30[th] January 2024

Andrew Rathbone Trustee

10

The Eleanor Rathbone Charitable Trust Notes to the Accounts: Year ending 05 April 2023

1. Accounting Policies

Charity information

The Eleanor Rathbone Charitable Trust is a charity governed by its Settlement deed dated 4 February 1947 and registered in England and Wales. The principal office is 546 Warrington Road, Rainhill, Merseyside, L35 4LZ.

Accounting convention

These accounts have been prepared in accordance with the charity’s governing document, 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). The charity is a Public Benefit Entity as defined by FRS 102.

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

The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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 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 accounts.

Charitable funds

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Income

Income is recognised when actually received or when it is due to the Charity as at the Balance Sheet date.

Dividend income is recorded gross and includes tax deducted only when it is repayable to the Charity.

Expenditure

Expenditure is recognised on an accruals basis, being included when the liability has been incurred as at the Balance Sheet date.

Grants are recognised on an accruals basis, being included when the Trustees have resolved to make such donations by the Balance Sheet date.

Amounts included within governance costs are those incurred in relation to the general running of the Charity and support it requires. They are not related to the direct management function.

Governance costs are recognised on an accruals basis, being included when the liability has been incurred as at the Balance Sheet date.

11

The Eleanor Rathbone Charitable Trust Notes to the Accounts: Year ending 05 April 2023 Valuation of Investments

Investments held in the fund are included at their market value as follows:

Realised / Unrealised Gains and Losses

Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of financial activities in the year of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.

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.

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 receipts 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.

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. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.

12

The Eleanor Rathbone Charitable Trust Notes to the Accounts: Year ending 05 April 2023

2. 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.

Apportionment of investments and portfolion income

The assets of the Children's Rest School of Recovery were amalgamated with those of the Eleanor Rathbone Trust for investment purposes in April 2013. Both charities are governed by the same Trustees. In preparing the accounts the assets and income of the joint portfolio are apportioned as follows: Eleanor Rathbone Trust 94.06% - Children’s Rest School of Recovery 5.94%. Figures provided in the enclosed financial statements relate only to the Eleanor Rathbone Trust share of the assets and income, and expenditure relating only to the management and administration of Eleanor Rathbone Trust Charitable objects.

3. Investment Income
Dividend Income and Interest
Other investment income
Rathbone Investment Management Ltd		 2023
£
390,802
718
2,283
393,803		 2022
£
363,821
4,240
32
368,093
4. Donations
Anonymous donations
5. Raising funds
Investment management fees
6. Charitable Activities
Grants
Merseyside
National
International
Holidays
Total Grants
Support costs (note 7)
Governance Costs (note 8)		 2023
-
2023
£
46,635
46,635
2023
£
235,900
72,000
71,500
12,800
392,200
19,140
6,081
417,421		 2022
107,768
2022
£
45,966
45,966
2022
£
221,100
61,000
61,500
11,885
355,485
17,661
4,958
**378,104 **

Grants have been classified according to their primary purpose. It should be noted however that some grants may also include elements of another classification. A breakdown of the grants is shown in the appendix on pages 16 and 17 of the accounts.

13

The Eleanor Rathbone Charitable Trust Notes to the Accounts: Year ending 05 April 2023

7. Support Costs related to grant making
Administration fee
Administrators expenses
Support costs are allocated to charitable activities.
8. Governance Costs
Trustees’ travel expenses
Accountancy Fee
Auditor's Fee
Bank charges		 2023
£
18,624
516
19,140
2023
£
86
1,677
4,284
34
**6,081 **		 2022
£
16,986
675
17,661
2022
£
-
1,552
3,372
34
4,958

No Trustees received remuneration during the year.

The Administrator is self-employed and therefore the deduction of her salary from the Charity is paid gross.

Governance costs are allocated to charitable activities.

9. Auditors Remuneration
9. Auditors Remuneration
10. Net (losses)/gains on investments
Revaluation of investments
Gains/(loss) on sale of investments
11. Investments
Market value at 06 April 2022
Purchases at cost
Donations
Sales proceeds
Realised Gains
Unrealised Gains
Market value at 05 April 2023
UK
Overseas
Market Value at 5 April 2023
UK
Overseas
Historical cost at 5 April 2022		 2023
£
4,284
2023
£
(509,459)
(30,322)
(539,781)
2023
£
13,138,963
638,664
-
(665,164)
(30,322)
(509,459)
12,572,682
7,369,844
5,202,838
12,572,682
3,780,559
2,580,321
6,360,880		 2022
£
3,372
2022
£
1,635,159
29,385
1,664,544
2022
£
11,454,874
794,926
77,748
(853,129)
29,385
1,635,159
13,138,963
7,574,099
5,564,864
13,138,963
3,553,529
2,537,183
6,090,712

14

The Eleanor Rathbone Charitable Trust Notes to the Accounts: Year ending 05 April 2023

The investment portfolio is split between The Eleanor Rathbone Charitable Trust and Children’s Rest School of Recovery. Following further contribution to the investment portfolio attributable to The Eleanor Rathbone Charitable Trust only, the percentage split between the two charities has moved in favour of The Eleanor Rathbone Charitable Trust and is now sitting at 94.06% / 5.94% respectively (2022: 93.8% / 6.2%).

12. Financial Instruments
Carrying amounts of financial assets
Debt instruments measured at amortised cost
Equity instruments measured at fair value
Carrying amount of financial liabilities
Measured at amortised costs
13. Current Assets
Cash at bank and on deposit (Cooperative Account)
Cash at bank and on deposit (Rathbone Accounts)
14. Current Liabilities
Auditor's fees
Accounting Fees
Unpresented grants
Children's Rest School of Recovery		 2023
£
55,514
12,572,682
57,618
2023
£
6,222
49,292
55,514
2023
£
3,960
1,678
25,000
26,980
57,618		 2022
£
206,183
13,138,963
164,534
2022
£
6,238
199,945
206,183
2022
£
3,276
2,913
135,985
22,360
**164,534 **

15. Related parties

The trustees are considered to be the key management of the charity. Their expenses are disclosed in note 8 of the accounts.

Included in creditors is a balance of £26,980 (2022: £22,360) owed to Children’s Rest School of Recovery (Charity no: 526083). This charity has the same trustees as The Eleanor Rathbone Charitable Trust and owns 5.94% of the investment portfolio. All figures relating to this charity have been excluded from these accounts.

15

The Eleanor Rathbone Charitable Trust Notes to the Accounts: Year ending 05 April 2023 APPENDIX

During the year 2022-23 grants were awarded to the following organisations:

MERSEYSIDE £ £
4Wings Northwest CIC 5,000 The Windows Project 4,000
Alder Hey Children's Charity 3,600 Together (MDI) 3,000
All About Women 2,800 Toxteth Women's Centre 5,000
B 4 Biodiversity CIC 2,000 Transforming Lives for Good (TLG) Ltd 4,500
Breckfield & North Everton N’hood Council 5,000 West Everton Community Council 4,000
Bridge2 (Liverpool) CIC 3,000 Woodvale and Ainsdale Community Assoc 3,000
British Blind Sport 2,000 Young Women's Trust 4,000
Catholic Blind Institute - Bradbury Fields 5,000 Zoe's Place Baby Hospice 2,000
Centre 56 5,000
Charlotte's Brightside 3,500 Holidays (Merseyside)
Child Brain Injury Trust 1,000 Children's Adventure Farm Trust 1,500
Choose Life The Prisoners Initiative 4,000 KIND 1,500
Collective Encounters 3,000 Marine Society and Sea Cadets 1,500
Come Alive at 55 3,000 Merseyside Holiday Service 5,000
Coroners Court Support Services 5,000 Sefton Children’s Trust 1,000
Create Arts 5,000 Sense 800
Deafblind UK 1,000 Tall Ships Youth Trust 1,500
East Liverpool Riding for the Disabled 2,500
Foundation Years Trust 2,500 NATIONAL
Ibijoke Children Foundation UK 5,000 Alternatives to Violence Project, Britain 2,000
In Your Shoes 1,500 Beyond the Streets 3,000
IntoUniversity 5,000 City of Sanctuary UK 3,000
Iranian Liverpool Community 4,000 Crohns and Colitis UK 1,000
Kensington Community Learning Centre 3,000 Doctors of The World UK 3,000
Kindred Minds 3,000 Fine Cell Work 2,000
LCVS 10,000 Full Fact 3,000
Liverpool School of Tropical Medicine 5,000 Gatwick Detainees Welfare Group 3,000
Liverpool Somali Community 5,000 Hear Me Out 3,000
Macular Society 1,000 Inside Justice 3,000
MedEquip4Kids 3,000 Jo's Cervical Cancer Trust 2,000
Mencap Liverpool & Sefton 4,000 Kidscape 1,000
Merseyside Play Action Council 4,000 Maddie's Miracle 3,000
Metal Culture 2,000 Music as Therapy 2,000
Migrant workers Sefton Community 3,000 Opera Circus 3,000
Netherton Feelgood Factory 5,000 Polka 3,000
North West Cancer Research 2,500 Prison Radio Association 3,000
OLCOTWISH C.I.C 4,500 Prison Reform Trust 3,000
Open Door Charity 4,000 Prisoners Abroad 2,000
Osun Arts Foundation 3,000 Prisoners' Penfriends 3,000
Our Happy Hub 1,500 Rethink Rebuild 1,000
Priority Youth Project 5,000 Self Injury Support 2,000
PSS UK 6,000 Separated Child Foundation 3,000
React 2,000 South Wales Law Centre 3,000
Read for Good 2,000 The AKU Society 3,000
Relate Cheshire & Merseyside 3,000 The Haemophilia Society 1,000
Roy Castle Lung Cancer Foundation 2,000 The Maytree Respite Centre 3,000
Roy Evans Foundation 1,000 Waging Peace 3,000
Sam's Diamonds 3,000 Why me? UK 2,000
School-Home Support 3,000
Sefton CVS 5,000 INTERNATIONAL
Shaftesbury Youth Club 5,000 ACET UK 2,000
Smart Mindful Choices CIC 2,500 Action in Africa 1,000
Speke Baptist Church - Noah's Ark 2,000 Anglican International Development 1,000
Stage Door Theatre Trust 3,000 Ashinaga Association in the UK 1,000
Stick 'n' Step 2,500 BASED-UK 1,000
Support Through Court 2,000 Born on the Edge 1,000
Talk the Talk Education CIC 4,000 British Shalom-Salaam Trust 2,000
Teapot Trust 1,500 Build It International 1,000
Temple Legal Centre 2,000 Carers Worldwide 1,000
The Bluecoat 4,000 Chance for Childhood 1,000
The Choir with No Name 3,000 Child's i Foundation 1,000

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The Eleanor Rathbone Charitable Trust Notes to the Accounts: Year ending 05 April 2023

Citizen Outreach Coalition Citizen Outreach Coalition 2,000
Clouds of Hope 1,000
Clowns Without Borders UK 2,000
COCO 1,000
Deki Ltd 1,000
Disability Africa 1,000
Ecologia Youth Trust 1,000
EduSpots 1,000
Evergreen Africa 1,000
Feed the Minds 1,000
Food for the Hungry UK 1,000
Footsteps International 1,000
Hope Health Action 2,000
Hope International Development Agency 1,000
Inter Care 1,000
International Tree Foundation 1,500
Just a Drop 1,000
Just be a Child 1,000
Kanaama Interactive Community Support 1,000
Karibuni Children 1,000
Livingstone TanzaniaTrust 1,000
Maranatha Care Children 1,000
Mbedza Projects Support 1,000
Meseret for Women 2,000
Play it Forward 2,000
Power for the People 2,000
Pragya 1,000
Project Harar 1,000
Prospect Burma 1,000
Sand Dams Worldwide 2,000
Second Sight 2,000
SkatePal 3,000
Starfish Greathearts Foundation 2,000
StreetInvest 1,000
Teach A Man To Fish 1,000
The Hummingbird Initiative 1,000
The Legacy of War Foundation 1,000
The
Mango
Tree
Programme		 Orphan
Support		 1,000
The Nasio Trust 1,000
The Open University 2,000
The Uphill Trust 1,000
Ufulu Malawi 2,000
Village Water 1,000
Women and Children First (UK) 2,000
Zena Launch Pad 1,000
Zimbabwe Educational Trust 1,000

17