THE CECIL AND ALAN PILKINGTON TRUST FUND
{Reglstered Charity No: 237623)
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024

THE CECILAND ALAN PILKINGTON TRUST FUND
Contents
Page
Trustees, report
Audltors, report
9-11
Statement ol financlal actlvltie5
12
Balance sheet
13
Cash flow statement
14
Notes to the accounts
15-23

THE CECILAND ALAN PILKINGTON TRUST FUND
Trustees, re
ortfor the
ear ended 31 March 2024
Admlnlstratlve Inlorfflatlon
Dlrectors of trustee
Lady Pilkington {Kirstyl
| Mr D J Bricknell
| Mrj AS Pilkington
| MrD C Pilkin8tDn
| Mr J McKenna
l Mrj Money
| MSJ Halligan
| Ms J Tomkinson
companles
a)lef Executlve Offlcer
i Mr P Morgan (to 30 November 20231
| Ms V Simon (from QI De￿mber 20231
| Mrs S Desmond
Ms K Greenhal&h
Mrs P Milligan
Senlor management
Prlnclpal offlce
| Enterprise Offices
Salisbury Street
St Helens
Merseyside
WAIO IFY
Charlty number
| 237623
Llvesey Spottlswood Llmited
17 George Street
51 Helens
Mersey5ide
WAIO IDB
| National Westminster Bank PIC
Orrnskirk Street
St Helens
Merseyslde
WAIO IDR
Audltors
Bank
Investment managers
| CCLA
One Angel Lane
London EC4R 3AB
| Sarasin & Partners LLP
| Juxon House
loo st Paul's Churchyard
London EC4M 8BU

THE CECILANDALAN PILKINGTON TRUST FUND
Trustees, re
ort lorthe
ear ended 31 Marth 2024
contlnued
The trustees present their report along wlth the flnancial statements of the Charity for the year
ended 31 March 2024. The financial statements have been prepared in accordance wlth the
accounting pollcies set out on pages 15 to 16 and comply wlth the Charltl5 Trust Deed, the
Charities Act 2011 and Accountlng and Reporting by Charities- Statementof Recommended
Practice appllcable to charities preparing thelr accounts In accordance wlth the Financial
Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Structure, 8overnance and management
The Cecil and Alan Pllklngton Trust Fund {Registered Charity No: 237623} is an expendable
endowment fund. The Trust Fund also works under the umbrella name of The Pilkington Family
Trust.
The Trust Fund is an amalgamation {7th July, 19771 of the followlng Deeds:
Alan Douglas Pllklngton Trust Fund {Founding Deed Ilth June 1948)
Alfred Cecll Pllklnglon Trust Fund (Foundin8 Deed 1st May 19371
The followlng limlted companles acted astrustees throughoutthe year to 31 March 2024:
Pllklngton Employee5 Trustee {No.l) Llmlted (Company Registration No: 01161784)
Pllkln8ton Employees Trustee {No.2) Umlted {Company Registration No: 0116178S}
The dlrectors of the trustee companles are appointed by the Board of the trustee companles.
The dirertors of the trustee companies meet three times a yearto agree the broad strategy and
areas of activity for the Trust.
The Trust does not actively fundraise but seeks to continue the work through the planning and
management of Its resources. Under Ihe Trust Deed the trustees have absolute dlscretlon and
unrestricted powers of investment.
The Investment Commlttee asslsts the dlrectors of the trustee companies in the consideration
of the Investment, reserves and risk management pollcles and performance. The followlng
directors of the trustee companies were members of the Investment Commlttee durlng the
vear:
Mr D J Bricknell
Mrj McKenna
Mrj Money
The management of the Trust is carried out by Pilkington Retirement Servlces Limited IP.R.S.LI,
Set up as a rnanagement company to administer the community care programme.
The followlng dlrectors of the trustee companle5 were also members of the P.R.S.L Board.
Mr D J Bricknell
Mr J McKenna

THE CECILAND ALAN PILKINGTON TRUST FUND
Trustees, re
rt forthe
ear ended 31 March 2024
contlnued
The day- to-day administratlon of the cornmunlty care programme and the resource5 15
delegated to the Chief Executive Officer who is the Managing Director of P.R.S.L. and it5
employees.
The Inductlon process for any newly appolnted director of the trustee companies comprlses an
In depth brieflng and tralnlng programme to provide an overvlew of all aspects of the work of
the Charity, and includes experience of Service delivery. The OffI￿rS of the Charity provide key
informatlon on managing the Trust, which includes:
Twst deeds and assoclated documentatlon;
tru5tees' power5 and responsibilitie5;
investment and financial structure,.
management structure and staffing,. and
the scope and breadth of the cornmunlty care programme and the end users.
All trustees of the Charity and directors of the board give thelr tlme voluntarily and receive no
beneflts in that capaclty. Allowable travel expenses may be claimed and are disclosed In the
accounts.
Key management personnel remuneratlon
The trustees consider the Chief Executive Officer and senlor managernent as the key personnel
In charge of running and operatlng the Charity on a day-to-day basls.
The pay for key personnel Is encompassed wlthln the pay review system for all of the Charitvs
staff. The trustees review appropriate pay research and the union pay clalm, consider
recommendations and propose an Increase which is negotiated with the union representatlves.
Once agreed, the pay award is Implemented for all staff. Including key personnel.
ObJectlves and actlvltles
The objectives of the Charity are to provlde assistance to those in nece55itOUs clrcumstances
belng employees, ex-employees and dependants of employees and ex-employee5 of Pilkington
Brothers Ltij or Its successors in business and its subsidiaries. At 31 March 2024 there were
6,497 people, Includlng spouses of ex-ernployees, eligible to receive services.
The Trust Fund's mlsslon statement is There to care when care is needed,. To achieve this, the
Charlty has developed a communlty care programme to support those individuals in the
greatest need. The maln purpose of the proeramme is to enable people to live as fulfilled a life
as Possible by supportlng them to keep mentally and physically active. The programme aims to
maintain contact wlth all beneficiaries to help keep people living Independentlv.
The objectives for the year support the strategic aims and help to ensure the trustee
objectives are met In an efficient and effective way. When setting oblectlves, the trustees have
glven due regard to Charity Commisslon guidance relatlng to public benefit.

THE CECILANDALAN PILKINGTON TRUST FUND
Trustees, re
rt for the
ear ended 31 Marth 2024
contlnued
The Trust looks to achieve its aims by malntalnlng a strong organisational structure, effective
financlal management and by fostering a culture of continuous learnlng and development to
ensure effect5ve dellvery of servlces.
The Trust provides beneflts, ranglng from flnanclal grants to provldlng emotlonal and practical
support for everyday living, to the most vulnerable older people.
A dedicated respite service in St Helens is avallable to all retI￿e$ living in the UK.
Achlevements and performance In the year
We continue to offer a range of servlces to support people to live independently in their own
homes. Underpinning the Trust's work our welfare offlcers visit beneficiaries to assess
indSvldual needs, entltlement to benefits, and to identify services and resources we can provide.
We work closely with external agencies across England, Scotland and Wales to provide essential
support, Includlng domestic, shopping and personal care services. In St Helens we provlde a
hairdressing service, a laundry collection service and deliver meals to our most vulnerable
beneflclarles. We also work with local businesses to provide a gardening service.
Ruskln Lodge, our 19- bed respite care facility in St Helens. provides valued overnlght and day
care. We contlnue to support the NHS by providing transitional care to help allevlate pressures
on hospital beds. Thls has stren8thened partnership working with external bodies. generated
Income for the Trust and ha5 iritroduced new people to the respite care we offer. In January we
identifled the need to undertake essential maintenance work on the building. As a result of thls
we suspended the Servi￿ to ensure the safety of our guests. The bulldlng workls now
substantlally complete and we expect to re-open to guests in sumrner 2024.
Ruskln Lodge has not been subject to Statutory inspedions by the Local Authorlty or the Care
Quallty Commission ICQC) during the year. The CQC have moved from a cycle of inspections to
process focussed on managlng rlsk.
Our day centre in St Helens plays an Important role in helping to alleviate social isolatlon and Is
regularly attended by up to 90 people each week.
The Trust continued to provide support overseas in Australia, New Zealand, Canada and South
Africa. The hlghest spend overseas is In South Afrlca where our network of volunteers distribute
food vouchers and essential items to those beneficiaries In greatest need.
Beneficiary numbers continue to decrease on an annual basls in all locations. At 31 March 2024
we had 6,497 beneficiarie5 in the UK on our record512023', 6,7391.

THE CECILAND ALAN PILKINGTON TRUST FUND
Trustees, re
ort forthe
ear ended 31 March 2024
contln
Flnanclal Revlew
The Trust is reliant on the income from its investments. Investment income is Supplemented by
contributions towards the services the Trust provides, through support from donatlon5 and a
general grant from the Pilkin8ton Charities Fund. The Trust also recelved restricted donations
nd grants, Includlng £5,000 from The Rainford Trust, to support additional work in South
AfrSca.
We spent more on tharitable activltles compared to the previous flnanclal years, largely due to
inflationary pre55ure on our costs rather than any underlying changes to services. Investment
income of £3,161,866 and income from other sources was less than the amount required to
fund the key programmes of the Trust this year. We anticipated a shortfall in income when the
budget was set and used cash balan￿S as planned.
Thls year's accounts reflect an increase In the value of investments, compared to a fall In value
in the prevlous financial year. There has been slgnlflcant uncertainty and volatility In the world's
flnaneial markets in the lasl few years due to COVID-19, the war In Ukraine, the energy crlsls
and inflatlon.
We continue to face inflationary pressure on our costs whlch will impact on our funding
requirements for 2024125 and future years. The trustees and the Trust's accountant work
closely with the Trust's specialist advisers to assess investment value5 and expected income.
The trustees remain confident that we will have sufficient resources to meet spending
requirements forthe next 12 months. This will be met malnly from expected Income and Cdsh
balances. We also plan to dlslnvest from investment funds In order to smooth cash Ilow and
allow for contingency. Thls will be undertaken in a planned way with our Investment managers
to rninlmlse financial risk.
Investment pollry and performance
There are no restrictions on the Charity's power to Invest. The trustees have adopted a pollcy to
achieve the optlmum return from a broad spread of investments and have not imposed
restrictlons on the type of investments In the portfolio. The policyls to adopt a medlumlhigh
rlsk investment strategy based on income generatlon with potential for capital growth. Both of
our investment managers have a clear focus on environmental, social and governance IESG}
conslderations in managing the Trust's investments.
The Trust relles on the servlces of our investment managers. CCLA and 5arasln & Partners, to
manage the Investments.

THE CECILAND ALAN PILKINGTON TRUST FUND
Tru5tee5' re
rt for the
ear ended 31 M
The investment managers are set the objective of achieving a total return of not less than CPI +
3.5% over a five- year period.
CCLA made a total return of 12.19% in the yearto 31 March 2024 and 23.98% overthree
years.
Sarasin & Partners made a total return of 12.11 % in the yearto 31 March 2024 and
14.04% over three years.
The Trust's investments were valued at £12,879,()96 above cost at 31 March 2024 {2023:
£4,641,618 above costl. The increase in value reflects some recovery In world Investment
markets In the financlal year following a thallenging and volatile period.
The trustees work closely with the investment managers to identlfy and assess the rlsks to
achlevlng the total retums targets set by trustees. The Trust's investment manager5 have
expressed confldence that budgeted income distributions to the Trust will be achieved for the
financial year to 31 March 2025.
The trustees will continue to review perforrnance through close worklng wlth specialist advisers,
information scrutinised by the Investment Commlttee and reports from an external monitoring
companv.
Rlsk management
The trustees review the financial and operatlonal risks to whlch the charlty may be exposed and
the systems put in place to mitigate those risks.
A list of the risks, potential impact and the steps tsken to mltlgate the rlsk5 is regularly
revlewed. The principal financial risk faced by the Trust is the performance of the investments
to provide the funding for the services. This is mitigated by retaining expert Investment
managers. havin8 a diversified portfolio and monltorlng the performance through the
Investment Committee.
Work is ongoing to a55e55 the impact of inllation on our beneficiarles and the grant5 and
services we provlde. To mltlgate agalnst the risk of rlsing costs, the Trust has a robust budget-
setting and monitoring process and staff liaise closely with our maln suppllers to identify cost
pressures as early as posslble.

THE CECILAND ALAN PILKINGTON TRUST FUND
Trustees, re
ort for the
ear ended 31 March 2024
contlnued
Reserves pollcy
As an endowed charity It Is acknowledged by the trustees that the Trust Deed allows the
expendlture of both capital and income to meet ihe charitable objettives. The trustees consider
it important to seek to malntain the capital value of the funds to generate revenue returns that
will largely fund the community care programme. We expectto Use capital to supplement any
shortfall in revenue.
The Trust's unrestricted endowment fund of £105,679,995 as at 31 March 2024 {31 March
2023: £97.756,127) includes cumulative unspent Income.
The Trust also had restricted funds of£lO,943 as at 31 March 2024.
Plans for the future
The trustees are worklng wlth the new Chlef Executlve Officer and the senlor management
team to refresh the strateglc plan to ensure that we continue to identify the needs of our
beneficiaries and larget resources and Services appropriately.
We Ila15e with the local authority and health bodles to Identify the strategic direction for
services for older people in 5t Helens and to see l￿W our services align and contrlbute. In the
post COVID-19 era. tackling social isolation has been Identlfied as a key issue affecting older
people in St Helens. Our establlshed day ￿ntre and dementia activities already play a key role
in helpin8 to tackle soclal isolation for our beneficiaries and we have plans to develop these
services.
We are reviewing the services we provlde under our welfare programme and at Ruskin Lodge to
assess how the care we offer best meets the needs of our beneficiaries and'guests going
forward.
We want to make better use of information technology to support our services. We have
Started work to develop our webslte to improve the way we communicate with beneficlarles
and third partie5. We have a150 secured grant funding to support the implementation of
electronic care plans as part of our digital transformation plan.
We wlll focus on developlng the skills of our workforce to provide more speclalist 5UPPOrt and
care to service users and their carers, We will continue to look for opportunities to develop our
servlces and co-design wlth servlce users, third sector agencies and our health partners.

THE CECILAND ALAN PILKINGTON TRUST FUND
Trustees. re
ort forthe
ear ended 31 March 2024
Trustees, responslbllltles In relatlon to the flnanclal statements
The trustees are responslble for preparing the Trustees, Annual Report and the flnanclal
statements in accordance with applicable law and United Kingdom Accounting Standards
Iunlted Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial
statements for each financial year which give a true and falr vlew of the state of affairs of the
Charity and of the incoming resources and application of resources of the Charlty for that
perlod. In preparlng these flnanclal statements, the trustees are required to:
select suitable accounting policies and then apply them conslstently;
ObSe￿e the methods and principles in the Charitie5 SORP.
make ludgements and estimates that are reasonable and prudent; and
prepare the flnanclal statements on the going concern basis unless It Is inapproprlate to
presume that Ihe Charity will continue In operatlon.
The trustees are responslble for keeping proper accounting record5 that disclose with
reasonable accuracy at any time the financial posltlon of the Charwty and enable them to ensure
that the financial statements comply wlth the Charities Act 2011, the Charitles (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.
In 50 far as the trustees are aware at the tlme of approving the Trustees, Annual Report:
there is no relevant audit informatlon of which the Charity's auditor is unaware, and
the trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant audit Informalion and to establish that the audltor Is aware of
that informatlon,
This report was approved by the trustees on
fVUY
2024.
Slgned on behalf of the trustees
D J Brlcknell

THE CECILANDALAN PILKINGTON TRUST FUND
Inde
endent Audltors, Re
ort to the Trustees of The Ce¢ll and Alan Pllkln
ton Trust Fund
Oplnlon
We have audtted the financial statements of The Cecil and Alan Pilkington Trust Fund {the'charitV} for
the year ended 31 March 2024 which comprlse of the Statement of Financial Actiwties, the Balance
Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting
policie5. The financial reportingframeworkthat has been applied in their preparatlon Is applicable law
and United Klngdom Accounting Standards, including Finandal Reporting standard 102 The Financial
Reporting Standard applicable In the UK ond Republicof Ireland{United Kingdom Generally Accepted
Accounting Practicel.
In our opinion the financial statements:
give a true and fair view ofthe state ofthe tharitvs affalrs as at 31 March 2024, and of its
incoming resour￿$ and appllcatlon of resour￿$, including its income and expendlture, forthe
vear then ended,.
have been propedy prepared In accordan￿ with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requlrements of the Charities Act 2011.
Basls for oplnlon
We conducted ouraudlt In accordance with International Standards on Auditing IUKI {ISAs {UKII and
pplicable law. Our responsiblltties underthose standards are further described in the auditorfs
responsibilities forthe audit of the financlal statements seCt￿n of OLff report. We are independent of
the charlty in accordan￿ with the ethical requirements that are relevant lo our audit of the financial
5tatement5 In the UK, induding the FRC'S Ethical Standard, and we have fulfllled our other ethical
responsibilities in accordance with these requlrements. We believe that the audit evidence we have
obtained is sufflcient and appropriate to provide a basis for our oplnion.
Concluslons relatlngto golng concem
In auditing the flnanelal ststements. we have concluded that the trustees, use of the golng concern
basls of accounting in the preparation of the flnanclal statements is appropriate.
Based on the work we have performed, we have not identrfied any material uncertaintles relatlng to
events or conditions that. individually or collectively, may cast signrficant doubt on the charity's ablllty
to continue a5 a 8oinB concem for a period of at least twefve months from when the financial
statements are authorised for issue.
Our responslbllitles and the responsibllitie5 of the trustees With respectto golng concern are
described in the relevant sections of this report.
Other Informatlon
The other informatK)n comprises the Informatic￿ Included in the trustees, report and accounts, other
than the flnanclal statements and our audito¢s report thereon. The trustees are resFX)nsible for the
other information. Our opinion on the financial statements does not cover the other information and
we do not express any form of assuran￿ conclusion thereon.
Our responsiblllty Is to read the other Information and, in doing so, conslder whether the other
information is materially inconsistent with the financlal ststements or our knowledge obtained in the
course of the audit or otherwlse appears to be materially mlsstated. If we identify such material
inconsistencies or apparent material mlsstatements, we are required to determine whether this give5
rlse to a material misstatement in the financial statements themselves. If, based on the work we have
performed. we conclude that there is a material misstatement of this other infom)atlon, we are
required to report that fact.
We have nothlng to report In this regard.

THE CECILAND ALAN PILKINGTON TRUST FUND
Inde
endent Audltors, Re
ort to the Trustees of The Cecll and Alan Pllkln
contlnued
on Trust Fund
Matter5 on whlch we are requlred to report by exceptlon
We have nothing to report In respett of the following matters in relation to which the Charitles
(Accounts and Reports) Regulatlons 2008 require usto report to you if, in our opinion:
the infLYrnation glven in the tfUStees' report is inconsistent in any material respecl with the
financial statements; or
sufficient accounting records have not been kept; or
the financlal statements are not in agreement with the accountlng records; or
we have not received all the Information and explanationswe require for our audlt.
Responslbllltles of trustses
s explained more fully in the trustees, responsljillties statement set out on page 8, the trustees are
responsible for the preparatlon of the financial ststements and for being satlsfled that they glve a true
and falr view, and for such internal control as the trustees determine is necessaryto enable the
preparation of finandal statements that are free from material misstatement, whether due to fraud or
error.
In preparlng the flnanoal ststements. the trustees are responsible for assessing the charitys ability to
continue as a going concern, disclosing. as applicable, matters related to going concem and using the
going concern basi5 of accountin8 unless the trustees either intend to Ilquldate the charwty or to ￿ase
operations, or have no reallstlc altemative but to do 50.
Audltorfs respon51bllltlesfor the audit of the fftnanclal sLitements
We have been appointed as Auditor under section 144 ofthe Charlties Att 2011 and report In
accordance with the Act and relevant regulations made or having effect thereunder.
Our objertlves are to obtain reasonable assuran￿ al)out whether the financlal statements as a whole
are free from materlal mlsstatement, whether due to fraud or error, and to issue an Audltorfs report
that includes our oplnion. Reasonable assurance is a high level of assurance but is not a guarantee that
an audit conducted in accordan￿ with ISAS (UK} wlll always detect a material mi55tatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggre8ate. they could reasonably be expected to influence the economic decislons of users laken
on the basis of these financial statements.
Ir￿gularities, including fraud, are instan￿5 of non-compliance with law5 and regulations. We design
procedures in line with our responsibilitles, outlined above, to detert material misstatements in
respect of irregularities, including fraud. The extent to which our Pro￿dureS are capable of detecting
irregularities, induding fraud Is detalled below:
Discussion with management and those involved In the flnancial reporting process includlng
consideration of known or suspected InStan￿S of non-complian￿ with laws and regulallons
central to the charity's ability to operate, and fraud;
EvalUat￿n and testing of the operating effertlveness of management's controls deslgned to
prevent and detect 5rregularltles;
Identifying and testingiournal entries, in partlcular anyjournal entries posted with unusual
accovnt combinations or of significant monetary amounts,. and
Revlew of the rationale forthe calculation of key accounting estimates in the flnanclal
statements and testing of the accuracy of these calculations.
io

THE CECIL AND ALAN PIIKINGTON TRUST FUND
Inde
enden
es of The Cecll and Alan Pllkln
contlnued
on Trust Fund
There are Inhe￿nt limitations in the audit procedures described above. The further removed non-
cornplian￿ with law5 and regulatlons is from the events and transactions reflected in the financial
statements, the less likely we would become aware of it. Also, the rlsk of not detectkng a materlal
mi5Statement due to fraud is hlgher than the risk of not detecting one resulting from error, as fraud
may involve deliberate concealment by. forexample, forgery or intentional misrepresentations, or
through collusk)n.
A further descriptlon of our responsibilities is available on the Financial ReportinE Coundfs website at..
www.frc.or
-uk
auditorsres
onsibilities. This description lorms part of our Auditorfs report.
Use of our report
This report 15 made solelyto the charitvs trustees, as a body, in accordan￿ with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our aud￿ work has ￿en undertaken 50that we might
state tothe charitrfs trustees thi)se matters we are required to state to them In an auditorfs report
and for no other purpose. Totko fullest extent pemiitted by law, we do not ac￿pt or assume
responsibilityto anyone other than the tharity and the charlvs trustees as a body, for our audltwork.
forthls report, or for the opinions we have formed.
Livesey Spottlswood Llml
d (Statutory
(hartered Accountants
nd Statutory Auditors
17 George Street, St Helens, Merseyside WAIO IDB
Date..
,,1714-
Livesey Spottiswood Llmlted Is ellglble to act as an auditor in terms of section 1212 of the Companies
Act 2LX)6.
li

THE CECILAND ALAN PILKINGTON TRUST FUND
Statement of flnanclal actlvltles for the year ended 31 March 2024
Notes
Restrltted
funds
Unrestrlrted
endowment
fund
2024
Total
funds
Total
funds
2024
2024
2023
Incorne and endowments from:
Investments
Donatlons, legacie5 and grants
Charitoble ¢7rtivities.'
UK benefit5 and servlces
Ruskln Lodge respite care
Other
Total Income
3,161,866
71,242
3,161,866
77,092
3,105,095
75,930
5,850
101,425
284,270
6,333
3,625,136
101,425
284,270
6,333
3,630,986
100,527
284,384
3.395
3,569,331
5,850
Expendlture on ralsing funds:
Investment management costs
1,700
1,700
1,500
Expendlture on charltable
actlvltles:
UK beneflts and services
Ruskin Lodge resplte tare
Visiting beneficiarles
Overseas benefits and services
Donation to Willowbrook Hospice
Charitable expendlture
3,079
500
1,458,463
1,517.331
668,776
217,476
75.000
3,937.046
1,461,542
1,517,831
668,776
222,476
75,000
3.945,625
1,285,407
1,304,762
674,117
205,053
75,000
3544,339
5,000
8,579
Total expendlture
Net incomellexpenditurel and
movement in funds before galns
and losses on Investment5
Net gains/llossesl on investmenls
8,579
3,938,746
3,947,325
3,545,839
12,729)
{313,6101
1316,3391
23,492
8,237,478
8.237,478
14,882,949)
Net movernent In funds
12,7291
7,923￿68
7,921,139
(4,859,457)
Reconclllatlon of funds:
Total funds brought forward
13,672
97,756,127 97,769,799
102,629,256
Total funds carrled lorward
10,943 105,679.995 105,690,938
97,769,799
The notes on pages 15 to 23 form part of these accounts
12

THE CECILAND ALAN PILKINGTON TRUST FUND
Balance sheet as at 31 March 2024
2024
2023
Notes
Flxed assets
Tangible fixed assets
Investments
667.229
104,758,663
105,425,892
746,426
96,503,517
97,249,943
Current a55ets
Debtors
Cash and bank deposits
io
94,940
324,019
418,959
118,829
544.005
662.834
Creditors amounts fallinE due within
one year
Net current assets
li
1121.0431
199,4041
297.916
563,430
Provislon for liabilities
12
132,8701
143,5741
Total assets less current Ilabllltle5
105,690,938
97,769.799
Fund balances
Unrestricted endowment fund
Restricted funds
Total charlty funds
105,679,995
10,943
105,690,938
97,756,127
13,672
97.769,799
13
14
The above accounts were approved bythe trustees on OLF Suky
slgned on their behalf bv:
2024 and were
D J Brlckn
11 (Director of Trustee Companies}
J McKenna (Director of Trustee Companies)
The notes on pages 15 to 23 form part ofthese accounts
13

THE CECIL AND ALAN PILKINGTON TRUST FUND
Cash flow statement for the year ended 31 March 2024
2024
2023
Cash Ilows from opwatlng actlvltles
Net rnshfvom/lused In) operating qctivlties,.
Cash flows from Investlng actlvltles
Purchase of investments
Purchase of equipment, furniture and vehicles
Proceeds from sale of investments
Dividends and interest from investment5
Receipt for sale of fixed assets
Net cash (used byJ/provldedbylnvestlng artlvlrfes
13,359,994)
13,030,890)
162,6941
115,6901
139,3851
3,027
3.105,095
3,161,866
11,500
3,094,982
3,068,737
IDecreasell Increase in cash in the period
Net funds at the start of year
Net funds at year end131 March)
1265,0121
1.111,065
846,053
37,847
1,073,218
1,111,065
Reconclllatlon of nel Income/lexpendlture) to net cash flow from operailng actlvltles
Net income1lex￿nditUre) and movement in funds
7,921,139
Adjustments for..
Depreciation charges
IGain5lllosses on investments
Dividends èn(1 interest from investments
IProfltl/Loss on sale of fixed assets
Iln¢rea5el/de¢rea5e in debtors
Increase/ldecreasel in credltors and provislons
Cash flow from operating activltles
14,859,457)
85,220
(8.237,4781
13,161,866)
11,8331
23,889
10,935
13.359.994)
85,598
4.882,949
13,105,095)
850
125,8901
19,8451
13,030.8901
Analysls of cash as at 31 Mar¢h
Cash at bank
Deposit5 held by in¥eslment managers
Total cash
324,019
522,034
846,053
S44,(￿5
567,060
1,111.065
14

THE CECILAND ALAN PILKINGTON TRUST FUND
Notes to the Ilnandal statements for the year ended 31 March 2024
l. Accountlng pollcles
a) Basis of preparatlon
The Charity constitutes a public benefit entity as defined by FRS102. The financial statements
have been prepared under the historlcal cost convention, with the exception of the
investrnents which are stated at mid- market value. The financial statements have been
prepared in attordance with the Statement of Recommended Practice.. Accounting and
Reporting by Charities preparing their accounts in accordance wlth the Financial Reportin8
Standard applicable in the UK and Republic of Ireland IFRS1021 and the Charities Act 2011.
bl Incomlng resources
All incoming resources are recognised once the Charity has entitlement to the resources, it is
certain the resources will be received and the monetary value can be measured with
sufficient reliability.
Restricted income Is used in accordance with any speclfic restriction5 imposed by the donors.
c) Resources expended
Liabilities are recognised as soon 35 there is a legal or constructlve obligation committing the
Charity to the expenditure. All expenditure is ac(our)ted for on an accrua15 basis, inclusive of
irrecoverable VAT. Where costs cannot be directly attributable to particular categorles they
have been allocated to activities on the most appropriate basis of apportionment.
d)
Investments
All Investments are Inltlally recogni5ed at their transactlon value and subsequently measured
at their falr value as at the balance sheet date uslng the closing quoted market price.
All realised and unrealised galns and1055es are taken to the statement of financial activitles as
they arise. Realised gains and losses on investments are calculated as the dlfference between
the sales proceeds and the original cost of the investment. Unrealised gains and losses are
calculated as the difference between market value at the end of year and opening market
values. Realised and unrealised investment galns and losses are comblned In the statement of
financial activities,
e) TanBlble flxed assets and depreciatlon
Indlvldual flxed a55et5 C05ting £1,500 or more are capitalised at cost and are depreciated over
their estimated useful economic lives on a 5trai8ht Ilne bas15 as follows.,
Leasehold land and buildings between 10 and 50 years
Motor vehicles
between 5 and 8 years
Furnlture, fittings and other
between 3 and 25 years
equlpment
Deblorslcredltors
Debtors and creditors are included in the financial statements at Iransaction value.
15

THE CECILANDALAN PILKINGTON TRUST FUND
Note5 to the flnanclal statements for the year ended 31 March 2024 Contlnued
g) Funds
The unrestrlcted endowment fund may be spent in accordance with the Trusvs charltable
objectives at the discretlon of the trustees. Restricted Funds arise from specific grants for
individual projects or assets and must be used for the restricted charitable purpose.
h) Penslon5
The Trust participates in both a defined benef its scheme and deflned contrlbutlon penslon
schemes. The defined benefit scheme is a multi-employer scheme known as the Pilkington
Superannuallon Scheme IPSS), It has not been possible to identify the underlying assets and
liabilities attributable to each particlpatlng entlty.
All pension contributlons pald In the year are charged to the statement of financial activities
on a defined contribution basis.
l) Lea51ng commltments
Rentals paid under operating leases are charged to the statement of flnancial artivities as
incurred.
Jl Grants
The cost of discretionary grants is recognised when the commltment has been approved,
2. Investment Income
2024
2023
Incorne from investments listed on a
recognlsed stock exchange
Interest on cash held by investment managers
Bank interest
3,131,516
3,098,720
25,210
5,140
3,161,866
2,728
3,647
3,105,095
3. Grants, donatlons and legacles
2024
2023
Generol grants..
Pilkington Charitie5 Fund
Restrlrted gmnt&
Ralnford Trust
70,000
70,000
5,000
500
5,000
Margaret's Fund
Restrlcted donotlons
350
250
Other donatlons
1,242
680
77.092
75.930
16

THE CECILAND ALAN PILKINGTON TRUST FUND
Notes to the flnanclal statements for the year ended 31 March 2024 contlnued
4. Resource5 expended
Apportloned
support
costs
Olrect costs
Total
2024
Total
2023
Cost of genemtlngfvnds
Investment management costs
Charltoble actlvltle5
UK benefits & services
Ruskin Lodge respite care
Visiting beneficiaries
Overseas beneflts and service5
Donation to Wlllowbrook
Hospice
1,700
1,700
1,500
1,188,959
1,296,769
396,513
189,962
272,583 1,461,542
221,062 1,517,831
272,263
668.776
32.514
222,476
1,285.407
1,304,762
674,117
205,053
75,000
3,148,903
75,000
798.422 3,947,325
75,O¢XI
3,545,839
Direct Costs Include:
£8,579 (2023: £7,5791 of restricted expenditure.
The external audlt fee of £9,000 (2023: £8,335}.
Operatlng lease cosls In respect of land and buildings of £118,239 (2023.. £111,861)
Support costs broken down by actlvlty
UK benefhs Resplte
& servlces
care
Vlsltlng
beneflclarle5 Overseas
Total
Total
2023
Governance
Corporate
Finance
Human
resources
Community
care
administration
Total
37,577
18,257
41,137
37,577
36,514
41,138
37.578
18.257
41,138
12,526 125,258 107,164
12.888 85.916
72.200
7,100 130,513 122,420
31,770
91,933
31,448
155,151 118,454
143,842
272,583
13.900
221,062
143,842
272,263
301,584 287,830
32,514 798,422 708,068
Support costs have been allocated to activities on the basis deemed most appropriate.
Premises cost5 are allocated to activity by area, pensions and salary admSnistration by
headcount, other costs by proportion of time spent on the activity.
17

THE CECILAND ALAN PILKINGTON TRUST FUND
Notes to the flnanclal statements for the year ended 31 March 2024 contlnued
Expendfture on UK beneflts and servl¢es
Unrestrlcted Restrlcted
Total
Total
2024
2024
2024
2023
Servlces provlded..
Personal care and sittlng
servlce
Dementla support
Domestic assistance
Home meals and laundry
Gardening and security
Hairdresslng
Day centre se￿iceS
Active lelsure/contact groups
Prismlcalendar
Total 5ervlce5 provlded
175,963
175,963
138,418
49,792
496,757
155,625
11,076
51,462
127,946
55,267
41,643
1,165,531
49,792
496,757
155,625
11,076
51,462
130,446
55,346
41,643
2,579 1.168,110
46.002
423,728
141,815
10.550
47,872
111,942
52,686
50,986
1,023,999
2,500
79
Number
Grants to Indlvldual5:
grants
2023
Halrdressing
Domestic a55iStan
Gardening
Dlscretlonary grants
Total grants to IndlvSduals
58
854
854
320
821
440
10,800
1,020
13,081
320
116
11,600
7,200
19,974
11,600
7.700
20.474
500
500
Glfts/ Chr15tmas provlslons
375
375
647
Total dlreet COSts
1.185.880
3.079 1,188,959
1,037,727
Community care
administration and support
Costs
Total Spend on UK beneflts
and servlce5
272.583
247,680
1,461,542
1,285,407
Restricted expenditure on UK benefSts and servlces In 2022123 was £2,579.
18

THE CECILAND ALAN PILKINGTON TRUST FUND
Notes to the flnanclal statements for the year ended 31 March 2024 contlnued
Trustee and staff costs
Trustees
Members of the Board ofthe Trustee companies do not receive any remuneration fortheir
servlces. £94 expenses were reimbursed duringthe year to 31 March 202412023.. none).
Staff numbers
The average number of employees durlng the yearwas 69 {2023: 68).
The average numbers of employees on a full time equNalent basls was..
2024
2023
Charitable
Management and adminlstration
45
46
Staff Costs
2024
2023
Wages and salaries
Soclal Security costs
Pension contributlons
1,672,680
143,376
235,105
2,051,161
1,536,549
129,279
225,661
1,891,489
The total employment beneflts, Including employer pension contributions, of the key
management personnel was £359,439 {2023: £334,499).
The number of employees whose emoluments (salarles and beneflts In klnd) fell within the
following band,.
2024
2023
£60,000 - £69,999
£70,000- £79,999
£80.000 - £89,999
This excludes penslon contributlons of £18,36812023: £17,727).
Pen51on schemes
The Trust participate5 in both a defined benefits scheme and defined contrlbution pension
schemes.
The defined benefit scheme Is a multi-employer scheme known as the Pilkington Superannuation
Scheme IP551. It has not been posslble to Identlfy the underlying assets and Ilabilitie5
attributable to each partlcipating entity.
19

THE CECIL ANDALAN PILKINGTON TRUST FUND
Notes to the flnanclal statements for the year ended 31 March 2024 contlnued
Under the trust deed eoverning the PSS. the employer's contributions are fixed at 16% of
pensionable salary Iflxed at 30 Aprll 20131 for actlve members who contrlbute 8%, and 12.5% for
members contributing 5.5%. Under the deed, the employer has no right of access to any
investment surpluses but equally cannot be requlred to Increase contributlons to finance any
deficits other than as may be required by legislatlon, All pension costs of the charity In relatlon
to thls scheme are reported on a deflned contribution basls. The Pilklngton Superannuation
Scheme is closed to new members.
An auto enrolment scheme has been in place since July 2014 and a defined contrlbutlon scheme
with Avlva is offered to all employee5.
Tan8lble flxed assets
Leasehold
land &
bulldlng5
Furnlture
| flttlngs &
Vehlcles l equlwnent
Total
Assets at cosl
Balance l April 2023
Additions
Disposals
Balance 31 March 2024
1,800,203 282,125
365,573
15,690
2,447,901
15,690
{25,244)
2.438,347
(25,244}
1,800,203 256,881 1
381,263
Depreclatlon
Balance l Aprll 2023
1,284,190 112,408
304,877
1,701,475
Charge forthe year
Disposals
Balance 31 March 2024
35,523
32,906
115,57711
1,319,713 129,737
16,791
85.220
115,577)
1.771,118
321,668
Net book value
31 March 2024
480,490 127,1441
59,595
667,229
31 March 2023
516,013 169,717 |
60.696
746.426
All fixed assets are used In the direct furtherance of the Charity'5 objectives.
20

THE CECILANDALAN PILKINGTON TRUST FUND
Notes to the flnanclal statements for the year ended 31 March 2024 Contlnued
Flxed asset Investments
Managed
funds
Cash held
on depos5t
Total
Market value 01 Aprll 2023
Additions at cost
Net cash movement in the year
Reallsed proflVlloss} on disposals
95,936,457
62,694
567,060
96,503,517
62,694
(45,026}
145,0261
95,999,151
522,034
96,521,185
Net unrealised investment galns.
8.237.478
8,237,478
Marketvalue 31 March 2024
104.236,629
522,034
104,758,663
Hlstorical cost 31 March 2024
91,357,533
522,034
91,879,567
Historical cost 31 March 2023
91,294,839
567,060
91,861,899
At 31 March 2024, the Trust was Invested in two managed funds, each wlth a diverslfled
portfolio of investments. The market value of investments was £12,879,096 above cost at 31
March 2024 (2023,. £4,641,618 above costl, which reflects an increase In the value of
investments during the year.
io.
Debtors
2024
2023
Pllkington Charltles Fund
Local
Government
Other debtors
17,500
17.500
13,598
63.842
94.940
45,945
55,384
118,829
There are no debtors falllng due after more than one year12023: nil)
ii.
Credllors: amounts fallln8 due wlthln one year
2024
2023
Other creditors
121,043
121,043
99,404
99,404
21

THE CECILAND ALAN PILKINGTON TRUST FUND
Notes to the flnantlal statements for the year ended 31 March 2024 contlnued
12.
Provlslon for Ilabllltles
Cumulatlve
leave
Refurblshment
costs
Total
01 April 2023
Additions
18,948
24,626
43,574
1,742
17.9111
10,000
11,742
(14,5351 122,4461
Used in the year
Unused reversed In the year
31 March 2024
12,779
20,091
32,870
The cumulatlve leave provislon Is for holiday pay accrued by eli8ible staff based on pay rate5 at
the balance sheet date.
The refurblshment is for replaclng fumiture and equipment at Ruskln Lodge {our resplte care
homel.
13.
Re5trkted Funds
The funds of the charily include donations and grants which need to be used for speclfic
purposes and are classifled as restricted funds. At the year- end restricted funds comprise
unspent balances as follows:
Balance
31 March 2023
Movement of funds
In the year
Income
Balance
31 March 2024
Spend
Pensioners Club
630
{791
(2,5001
15,0001
{5001
551
Mlnlbus
South Afrlca
Garden furniture
12,292
9,792
5,000
s￿
Doncaster activlties
250
250
Dementla group
350
350
Margaret's Fund
500
15001
(8,S791
13,672
5,850
10,943
22

THE CECIL ANDALAN PILKINGTON TRUST FUND
Notes to the Ilnanclal statements tor the year ended 31 March 2024 contlnued
14.
Analys15 of net assets between funds
Restrlcted
funds
Unrestrlcted
endowment
fund
Total fund5
Fund balances at 31 March 2024 are
represented bv:
Tangible fixed assets
Investments
10,343
656,886
667,229
104,758,663 104,758,663
297,316
297,916
132,8701
132,8701
105,679,995 105,690,938
Net current assets
600
Provision for liablllties
Total net assets
10,943
15.
Related partles
The Cecll & Alan Pllklngton Trust Fund uses Pilkin8ton Retirement Services Limited as an
employment vehicle for 7112023.. 691 contracts of employment at the Balance Sheet date. All
associated salary costs are borne exclusively by the Cecil & Alan Pilkington Trust Fund.
Durlng the year the Trust did not pay any trustee for services12023: none).
The Trust recelved a grant of £5,00012023: £5,000> and £3,750 (2023.. £3.570}for accountancy
service5 from The Rainford Trust. a registered charity wlth common trustees.
The Trust re￿iVed £750 {2023: £750} for accountancy services from The St Helens Housing
Associatlon Trust, a registered charity with a common trustee.
The Trust made pension contributionsfor 12 employees durlng the yeartothe scheme known as
the Pilkington Superannuation Scheme {PSS} whlch has a common trustee.
16.
Operatlng lease commltmenls
At 31 March 2024 the charity had total minimum operating lease payments as sel out below:
Land and Buildings:
2024
2023
Operatlng leases which explre:
within one year
between one and flve years
56,375
42,656
99,031
330,092
330,092
23