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2025-06-30-accounts

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Charity registration number 234710 (England and Wales)

PILKINGTON GENERAL CHARITY FUND

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

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PILKINGTON GENERAL CHARITY FUND

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr N Jones
Mr A P Pilkington
Mrs E Ashton
Charity number 234710
Principal address Rathbones Trust Company Limited
3rd Floor
Port of Liverpool Building, Pier Head
Liverpool
L3 1NW
Independent examiner John Duffy
Rathbones Trust Company Limited
Port of Liverpool Building
Pier Head
Liverpool
Solicitors Brabners LLP
Horton House
Exchange Flags
Liverpool
L2 3YL
Investment advisors Evelyn Partners Limited
Royal Liver Building
Pier Head
Liverpool
Merseyside
L3 1NW

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PILKINGTON GENERAL CHARITY FUND

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Balance sheet 4
Statement of financial activities 5
Notes to the financial statements 6 - 13
Appendix I 14 - 25

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PILKINGTON GENERAL CHARITY 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 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 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 under the terms of which Miss Constance Pilkington and Miss Christine Pilkington resettled the Funds of which they were life tenants under the terms of the Will of the Late Colonel W W Pilkington.

Under the terms of the Trust Deed the trustees are enpowered to pay or apply the income for such charitable purposes as they in their absolute discretion think fit. The trustees also have power to advance capital.

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.

Grants

During the year ended 30 June 2025, £47,000 was donated to 31 Charities.

Financial review

The Financial Statements, in respect of the year ended 30 June 2025, show incomings of £58,618, total resources expended of £60,430, resulting in net outgoings of £1,812 before any gains or losses due to investment disposals or revaluations.

Reserves Policy

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

Taxation Status

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

Investment Policy

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

Risk Management

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

.

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PILKINGTON GENERAL CHARITY FUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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.

The Charity's day to day management is delegated to one of the Trustees (at present A P Pilkington) and employees of Rathbones.

Trustee Expenses

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

Trustees' Complaints Policy

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

Asset cover for funds

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

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

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

Trustee 11 March 2026 | 5:34 PM GMT Dated: .........................

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PILKINGTON GENERAL CHARITY FUND

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF PILKINGTON GENERAL CHARITY FUND

I report to the trustees on my examination of the financial statements of Pilkington General Charity 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

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by 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.

I understand that this has been done in order for 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 2015.

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:

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 23 March 2026 | 7:37 AM GMT Date: ............................

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PILKINGTON GENERAL CHARITY FUND

BALANCE SHEET

AS AT 30 JUNE 2025

Notes
Fixed assets
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds
16		 2025
£
£
2,525,120
-
156,879
156,879
(2,594)
154,285
2,679,405
2,679,405
2,679,405		 2024
£
£
2,517,143
477
154,849
155,326
(2,450)
152,876
2,670,019
2,670,019
2,670,019		 2024
£
£
2,517,143
477
154,849
155,326
(2,450)
152,876
2,670,019
2,670,019
2,670,019
2,670,019
2,670,019
2,670,019

11 March 2026 | 5:34 PM GMT The financial statements were approved by the trustees on .........................

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

Trustee

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PILKINGTON GENERAL CHARITY 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 from:
Investments 3 58,618 60,980
Total income 58,618 60,980
Expenditure on:
Raising funds 4 8,277 7,781
Charitable activities 5 52,153 5,078
Total expenditure 60,430 12,859
Net gains/(losses) on investments 10 11,197 199,857
Net income and movement in funds 9,385 247,978
Reconciliation of funds:
Fund balances at 1 July 2024 2,670,020 2,422,041
Fund balances at 30 June 2025 2,679,405 2,670,019

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

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PILKINGTON GENERAL CHARITY FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

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

1.1 Basis of preparation

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 £.

1.2 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.

1.3 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.

1.4 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.

1.5 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.

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PILKINGTON GENERAL CHARITY FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.6 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.

Fixed assets investments represent listed investments which are stated at market valuation as follows: a) listed securities are vlaued at the mid market value ruling at the accounting date.

b) listed securities held in foreign currencies have been valued at the mid market value and translated into their sterling equivalents at the rates ruling at the accounting date.

c) Gilts are valued at the mid market value ruling at the balance sheet date and include interest which has accrued up to that date.

The investments are held in Crest and registered by Evelyn Partners in the name of their nominee company.

Other recognised 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 charged or credited to the Statement of Financial Activities resulting from revaluing investments to market value at the balance sheet date.

1.7 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.

1.8 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.

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PILKINGTON GENERAL CHARITY FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 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.

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.

3 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from listed investments 58,445 60,774
Broker interest 507 176
Other income (334) 30
58,618 60,980
Other income consists of:
Bank interest 12 30
Prior year overprovision of accrued income (346) -
334 30
Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Investment management 8,277 7,781

4 Expenditure on raising funds

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PILKINGTON GENERAL CHARITY FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

5
Charitable activities
2025
£
Grant funding of activities
47,000
Share of governance costs (see note 6)
5,153
52,153
6
Support costs allocated to activities
Total
2025
£
Governance
5,153
2025
Governance costs comprise:
£
Independent Examination fees
480
Legal and professional
4,464
Share of support costs
209
5,153
7
Net movement in funds
2025
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
480		 2024
£
-
5,078
5,078
Total
2024
£
5,078
2024
£
-
4,800
278
5,078
2024
£
-

8 Trustees

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

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

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PILKINGTON GENERAL CHARITY FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

9 Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

10 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 26,599 227,586
Sale of investments (15,402) (27,729)
11,197 199,857

11 Taxation

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

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PILKINGTON GENERAL CHARITY FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

12 Donations made during the year

Donations made during the year
Afghan Aid
Alzheimer’s Research UK
Ambitious about Autism
Anaphylaxis uk
Anti-Slavery
Art against Knives
Autistica
Bat Conservation Trust
Beyond Autism
Buglife
Carers trust
Carers UK
Child Autism UK (formerly PEACH)
Children's Air Ambulance
Clonter Opera
Fareshare
Full Fact
Gingerbread (for single parent families)
Help Musicians UK
Key4Life
Marine Conservation
National Autistic Society
National Migraine Centre
Pain Relief Foundation
Red Squirrel Survival Trust
Restless Legs Syndrome Foundation
The Bumblebee Conservation Trust
The Migraine Trust
The World of Glass
Trussell Trust
Young Classical Artists Trust		 2025
£
2,000
2,000
1,000
2,000
2,000
1,000
1,000
1,000
1,000
2,000
2,000
2,000
1,000
1,000
2,000
2,000
1,000
2,000
2,000
1,000
1,000
1,000
2,000
1,000
1,000
1,000
2,000
2,000
2,000
2,000
1,000
47,000

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PILKINGTON GENERAL CHARITY FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

13 Fixed asset investments

Cost or valuation
At 1 July 2024
Additions
Valuation changes
Disposals
At 30 June 2025
Carrying amount
At 30 June 2025
At 30 June 2024
14
Debtors
Amounts falling due within one year:
Other debtors
15
Creditors: amounts falling due within one year
Accruals and deferred income		 Listed
investments
£
2,517,143
486,866
26,599
(505,488)
2,525,120
2,525,120
2,517,143
2025
2024
£
£
-
477
2025
2024
£
£
2,594
2,450

Accruals relate to accountancy fees

16 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 Incoming Resources Gains and At 30 June
resources expended losses 2025
£ £ £ £ £
General funds 2,670,019 58,618 (60,430) 11,197 2,679,404

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PILKINGTON GENERAL CHARITY FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

16 Unrestricted funds (Continued)
Previous year: At 1 July 2023 Incoming Resources Gains and At 30 June
resources expended losses 2024
£ £ £ £ £
General funds 2,422,041 60,980 (12,859) 199,857 2,670,019

17 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).