THE CECIL AND ALAN PILKINGTON TRUST FUND
(Registered Charity No: 237623)
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025

THE CECIL AND ALAN PILKINGfoN TRusf FUND
Year ended 31 March 2025
Contents
Page
Trustee< report
i-io
Audltors, report
11- 13
Statement of finandal actlvlties
14
Balance sheet
15
Cash flow statement
16
Notes to the accounts
17-26

THE CECILAND ALAN PILKINfjfoN TRusf FUND
Year ended 31 March 2025
Trustees Annual Report
Admlnistratlve Inforniation
Dlrectors of trustee
Lady Pilkington {Klrsty)
Mr D J Bricknell
Mr J A S Pilkin
on
Mr D C Pilkington
i Mrj McKenna
l Mr J MoneL_
Ms J Halli
an
Ms J Tomkinson
l Ms Vsimon
Mrs S Desmond
M5 K Greenhalgh {to 14 March 2025
Mr G Colville (from 17 February 2025
Mrs P Milli
-￿an Ito 31 March 2025
Ms A Holden Qfrom l April 2025)._.
l Mrs D SwiftLto 30 June 2024
i Ms J Boote (from 3 June 2024
Enterprise Offices
Salisbury Street
St Helens
Merseyside
, WAIO IFY
companies
Chlef Executlve Officer
Senior management
Princlpal office
Charlty number
Auditors
237623
Livesey Spottiswood Limited
17 George Street
I St Helens
l Merseyside
', WAIO IDB
National Westminster Bank PIC
| Ormskirk Street
St Helens
Merseyside
WAIO IDR
Bank
Investment managers
One Angel Lane
London EC4R 3AB
Sarasin & Partners LLP
Juxon House
1100 st Paul's Churchyard
London EC4M 8BU

THE CECIL AND ALAN PILKINGfoN TRusf FUND
Year ended 31 March 20Z5
Trustees Annual Report
The trustees present their report alon8 With the financial statements of the Charity for the year
ended 31 March 2025. The financial statements have been prepared in accordance with the
accounting policies set out on pages 17 to 18 and comply with the Charty'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
Reportlng Standard applicable in the UK and Republic of Ireland published in October 2019.
5trutture, govemance and management
Governing document
The Cecil and Alan Pilkington Trust Fund is a registered charity (Registration No.. 237623). 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 following Deeds:
Alan Douglas Pilklngton Trust Fund (Founding Deed Ilth June 1948)
Alfred Cedl Pilklngton Trust Fund (Founding Deed 1st May 1937)
The following limited companies acted as trustees throughout the year to 31 March 2025..
Pllkington Employees Trustee (No.1) Limited (Company Registration No: 01161784)
Pilkington Employees Trustee {No.2) Umited (Company Registration No". 01161785)
The directors of the trustee companies are appointed bythe Board of the trustee companies.
The director5 of the trustee companles meet three times a year to agree the broad strategy and
areas of activity for the Trust.
The Trust does not artively fundraise but seeks to continue the work through the planning and
management of its resources. Under the Trust Deed the trustee5 have absolute discretion and
unrestrlcted powers of investment.
The Investment Committee assists the direttors of the trustee companies in the consideration of
the investment, reserves and risk management policies and performance. The following
dlrectors of the trustee companies were members of the Investment Committee during the year:
Mr D J Bricknell
Mrj McKenna
Mrj Money
Pilkington Retirement Services Limited {P.R.S.L) acts as an employment vehicle forthe Trust and
holds the contracts of employment of the Trusvs employees.
The followin8 directors of the trustee companies were also members of the P.R.S.L Board.
Mr D J Bricknell
Mr J McKenna

THE CECIL AND ALAN PILKINGfoN TRusf FUND
Year ended 31 March 2025
Trustees Annual Report
Induction and tralning of new trustees
The induction process for any newly appointed director of thetrustee companies comprises an
in depth briefing and training programme to provide an overview of all aspects of the work of
the Charity, and includes experience of service delivery. The officers of the Charity provlde key
information on managing the Trust, which Includes:
Trust deeds and a55OClated documentation,"
trustees, powers and responsibilities,"
investment and financial strutture;
management structure and stafFing; and
the scope and breadth of the community care programme and the end users.
All trustees of the Charity and dlrectors of the board give their time voluntarily and receive no
benefits in that capacity. Allowable travel expenses may be claimed and are disclosed in the
accounts.
Organisational structure
The day- to-day administration of the community care programme and the resources is
delegated to the Chief Executive Officer who is the Managing Director of P.R.S.L. and its
employees.
The trustees consider the Chief Executive Officer and senior management as the key personnel
in charge of running and operatingthe Charity on a day-t(Fday basis.
The pay for key personnel is encompassed within the pay review sy5tern for all of the Charitvs
staff. The trustees review appropriate pay research and the union pay claim, consider
recommendations and propose an increase which is negotiated wtth the union representatives.
Once agreed, the pay award is implemented for all staff, including key personnel.
Objertlves and actlvitles
Vlslon, aims and objectives
The primary objectives of the Charity are to provide assistance to those in necessitous
circumstances belng employees, ex-employees and dependants of employees and ex-employees
of Pilkington Brothers Ltd or its successors In business and its subsidiaries. In so far as the income
is not required for such application it may be applied to others In need.
The Trust Fund's mission statement is There to core when core is needed.. To achieve thi5, the
Charity has developed a community care programme to supportthose individuals In the greatest
need. The main purpose of the programrne is to enable people to live as fulfilled a life as possible
by supporting them to keep mentally and physically active. The programme aimsto maintaln
contact with all beneficiaries to help keep people living independently. We aim to promote
health and well-being whilst tackling social isolation.

THE CECIL AND ALAN PILKINGfoN TRusf FUND
Year ended 31 March 2025
Trustees Annual Report
Ruskin Lodge is our purpose built respite care centre in St Helens for the over 605. It is available
to all beneficiarle5 living in the UK. Assessments are carried out to ensure the Trust can provide
the appropriate care.
The Trust continue5 to provide support to beneficiaries overseas in Australia, New Zealand,
Canada and South Africa.
The objectives for the year support the strategic aims and help to ensure the trustees, objectives
are Met in an efficlent and effective way. When setting objectives, the trustees have given due
regard to Charity Commission guidance relatingto public benefrt.
The Trust looks to achieve its aims by maintaining a strong organisational Structure, effettive
financial management and by fostering a culture of continuous learnlng and development to
ensure effective delivery of services.
The trustees are currently in the process of renewing the Trusys longer term strategic objettives
to develop and enhance its support for beneficiaries.
Achlevements and performance in the year
We continue to offer a range of services to support our beneficlaries.
Welfvre and Community
We provide a wide range of services in the communityto support our beneficiaries to live
independently at home, promote health and wellbeing and to tackle social isolation.
Our team of Welfare Officers based in St Helens and our Regional Officers in North Wales,
Wrexham, Doncaster, Birmingham and Glasgow keep in touch with beneficiaries by visiting and
making telephone calls. Ourteam provide a listening ear and a welfare check, carry out
assessments and referrals for our services and provide support with applications for benefits.
They also offer information and advice and signposting to services in the local area.
Forthe calendar yearto 31 December 2024 there were 3,907 welfare vlslts.
We also offer a befriendlng servTce called Llnk Up. Our Link Up service is available across the UK
to beneficiaries who would like a regular phone call at a time to sutt them. Our team provide
friendly ear and can signpost to services or activities that may be useful.
For the calendar yearto 31 December 2024there were 2,809 befriending telephone calls on our
link up service.

THE CECIL AND ALAN PILKINGfoN TRUSf FUND
Year ended 31 March 2025
Trustees Annual Report
Support at Home
We offer access to a range of home based Services in St Helens and UK wide.
These include:
Hairdressing
Garden Maintenance
Domestic Services (laundry, ironing and cleaning)
Shopping
Sitting Service, to enable re5plte for carers.
Our welfare teams assess need and eligibility for services.
For those who may have difficulty preparing a hot meal, ourfriendly drivers deliver hot meals to
beneficlaries in the St Helens area 7 days a week.
For the calendar year to 31 December 2024 there were 18.774 hot meals and 8,343 frozen meals
dellvered.
Ruskin Lodge- Our Respite Centre
We recognise the importance for carers to be able to take some time awayfrom their carlng
duties to support their own heatth and well-being. Ruskin Lodge, our purpose built resplte care
centre in St Helens for the over 60s, offers care for up to 22 people.
For those who like to stay active, we offer a range of activities and day trips, as well as being a
haven of calm and relaxation. Our friendlyteams are on hand 24 hours a day, 7 days per week.
The lodge is open to Pilkington beneficiaries and private guests.
Ruskin Lodge is subjert to statutory inspections by the Local Authority and the Care Quality
Commission ICQCI. The CQC have moved from a cycle of inspections to a process focussed on
managlng risk. We have been rated 'Good' by the Care Quality Commission in our latest coc
report.
In January 2024 we identified the need to undertake essential maintenance work on the
building. As a result of this we suspended the service to ensure the safety of our guests. The
building work was completed during the year, and we r&opened at reduced capacity to guests in
summer 2024. The lodge is now operating at full capacity and with good levels of occupancy. We
continue with initiatives to improve our buildin& equipment, systems and financial efficiency to
ensure that our beneficiaries can continue to receive an excellent service.
For the calendar year to 31 December 2024 there were 186 respite stays at Ruskin Lodge.
Social Progrommes
Havin8 fun and staying active alongside others in the communrty supports emotional and
physical wellbeing. We plan a range of activities. outings, and events to 5UPPOrt people and their
carers in St Helens.

THE CECIL AND ALAN PILKINGfoN TrUST FUND
Year ended 31 March 2025
Trustees Annual Report
Outside of St Helens our Regional Welfare and Link Up teams can advise and Covordinate
attivities and support in the local area. Examples of such activities include:
A monthly Club, held in Rhuddlan Communty Centre, organised and led by beneficiaries
in the area
Llnking with social 8roups such as Men's Sheds. choirs, Wl, Coffee mornings, Craft clubs,
Poetrygroups and Luncheons
Adult learnin& for example compLrters and technology
Linking with local support networks, for example Stroke Association clubs, dementia
clubs, Parkinson'5 SUPPOrt group
Keeplng active, for example Boccia, sit down tennis, chair yoga and Tai Chi
Beneficiaries take part in a range of artivities at Ruskin Lodge in St Helens.
Our day sessions provide activities, lunch and opportunities to socialise with others,
For the calendar year to 31 December 2024 there were 73 daytrips organised.
Dementia Support
We offer a unique community service delivered by ourown Admiral Nurse, who can help people
with dementia stay independent for longer and 5UPPOrt the people caring forthem. Our six week
programme supports carers to develop skills and techniques to support and care for a person
with dementla as well as providing advice on organisations, service5 and support that is
available.
For the calendar year to 31 December 2024 our Admiral Nurse made 134 visrts and there were
27 organised social activities for people living wlth dementia and their carers.
Supportfvr Those Overseos
Some of original Pilkington plants were located overseas, as a result we continue to deliver
programmes of support in South Africa. Australia and Canada; including hosting vibrant reunions
and get togethers to providing vital supplies and aids to indlviduals and homes in more
disadvanta8ed communities.
Where possible we continue to work closely with external agencle5 and other charities across
England, Scotland and Wales.
Grants
In support of the above activtties a small number of grants are made to beneficiaries. and these
are detailed In the accounts.
Beneficiary numbers continue to decrease on an annual basis in all locations. At 31 March 2025
we had 6,223 beneficiaries in the UK on our records12024: 6.4971.

THE CECILAND ALAN PILKINGTON TRUST FUND
Year ended 31 March 20Z5
Trustees Annual Report
Other ochlevements ond changes during the yeor
A refresh of our branding and new website ha5 been launched setting out the actSvities of the
trust. We hope this will enable more of our beneficiaries to attess our services.
Investment has been made in upgrading our information technology systems duringthe year.
Notable examples during the year were a new payroll and HR system, and a new Person Centred
Care system at Ruskin Lodge, moving us to diwal care plans and introduction of a new ELearning
Suite to support development of our staff teams. This year we also held a Team Day, and had
our first ever staff awards ceremony, to celebrate the achievements of ourteams duringthe
year, which was a great success.
Work has also commenced in reviewing our systems and policies, including ourcurrent
programme of activities to ensure they continue to meet the need5 of our users. To 5UPPOrt thi5
work we have also undertaken an extensive consuhation exercise wrth our benefi'ciarie5 to help
us develop our pro8ramme and inform our future strate8Y.
The year has seen signtficant changes in staffing at the Trust including In the senior management
team as previous members have retired.
Financlal Review
The Trust is rellant on the income from its investments. Investment income Is supplemented by
contributions towards the services the Trust provides, through support from donations and a
general grant from the Pilkington Charities Fund. The Trust also received restricted donations
and grants. including £5k from The Rainford Trust, to support additlonal work in South Africa.
We spent more on charitable activities compared to the previous financial years, largely due to
inflationary pressure on our costs ratherthan any underlyin8 changes to services. Investment
income of £3,221k and income from other source5 wa5 less than the amount required to fund
the key pro8ramme5 of the Trust this year. We anticipated this when the budget was set. We
sold some investments and used cash balances as planned to meet this shortfall. The excess of
expenditure over income forthe year was £400k (2024: £316k).
This yearfs accounts reflect a decrease in the value of investments of £1.998m, compared to a
significant increase in value in the previous financial year £8.237m. The drops in value occurred
in the final few months of the year and related to volatility on intemational markets.
We continue to face inflationary pressure on our costs which will impact on our fundin8
requirements for 2025126 and future years. The trustees and staff of the trust work closely with
the Trust's specialist advisers to assess investment value5 and expected income. The trustees
remain confldent that we will have sufficient resources to meet spending requirements for the
next 12 months. This will be met mainly from expected income, and cash balances. We also plan
to disinvest from investment funds in order to smooth cash flow and allow for contingency. This
will be undertaken in a planned way with our investment managers to minimise fSnanclal risk.

THE CECIL AND ALAN PILKINGfoN TRusf FUND
Year ended 31 March 2025
Trustees Annual Report
Investment pollcy and performance
There are no restrictions on the Charitvs power to invest. The trustees have adopted a pollcy to
achieve the optimum return from a broad spread of investments and have not imposed
restrictions on the type of investments in the portfolio. The poliry is to adopt a medium/high risk
Investment strategy based on income generation with potential for capital growth. Both of our
investment managers have a clear focus on environmental, social and governance (ESGI
considerations In managing the Trusys investments.
The Trust relies on the services of our investment managers, CCLA and Sarasin & Partners, to
manage the investments.
The investment managers are set the objertive of achieving a total return of not le55 than CPI +
3.5% over a five- year period.
The Trust engages an external monltoring company to report on performance. Net of fees the
retums at 31 March 2025 were reported as follows:_
CCLA made a return of -2.04% in the year and 8.82% overthree years.
Sarasin & Partners made a return of 2.17% in the year and 9.97% overthree years.
The trustees work closely with the investment managers to identrfy and assess the risks to
achieving the total returns targets set by trustees. The Trust'5 investment managers have
expressed confidence that budgeted income distributions to the Trust will be achleved for the
financial year to 31 March 2026.
The trustees will continue to review performance through close working with specialist advlsers,
information scrutinised by the Investment Committee and reportsfrom an extemal monitoring
company.
Rlsk management
The trustees review the financial and operational risks to which the charity may be exposed and
the systems put in place to mltigate those risks.
The principal financial risk faced bythe Trust is the perfomiance of the investments to provide
the funding for the services. This is mitigated by retaining expert investment managers, havlng
diversified portfolio and monitorin8 the performance through the Investment Committee.
Work is ongoing to assess the continuing impart of inflation on our beneficiaries and the grants
and services we provide. To mrtigate against the risk of rising costs, the frust has a robust
budget- setting and monitorin8 process and staff liaise closely with our main suppliers to identify
cost pressures as early as possible.

THE CECIL AND ALAN PILKINGTON TRUST FUND
Year ended 31 March 2025
Trustees Annual Report
Reserves policy
As an endowed charity it 15 acknowledged by the trustees that the Trust Deed allows the
expenditure of both capital and income to meet the charitable objectives. The trustees consider
it important to seek to maintain the caprEal value of the endowment funds to generate revenue
retums that will largely fund the community care programme.
An exercise has taken place to determine the level of unrestrirted income funds so that they can
be shown separately in the Statement of Financial Activities. As part of this exercise capital growth
return5 relating to invested unrestritted funds have been allocated to unrestritted income funds.
The Trusvs unrestricted funds at 31 March 2025 were £11.808m12024 £12.398ml. Ofthis amount
£582k could only be realised by disposing of tangible fjxed assets used to advance the Trust's
objertives. At present unrestricted income reserves are supporting expendrture on beneficiaries
in excess of the investment income received.
The trustees Intend to review their reserves policy in relation to the amount of unrestrirted
funds required to be held taking account of investment returns, cashflow requirements, risk
management and funding expenditure to support beneficiaries. In doing so they intend to take
account of a reducing number of beneficiaries with greater needs arising as those beneficiaries
live longer. This will form part of renewing the Trusvs longer term strategic objectives referred
to earlier in this report.
The Trust's expendable endowment fund was £91.476m as at 31 March 202512024: £93.282m).
This is held to produce an income for the Trust which is unrestricted. The Trust also had restricted
funds of £9k as at 31 March 2025 (2024: £llkl.
Plans for the future
The trustees are working with the Chief Executive OFficer and the senior management team to
refresh the strategic plan to ensure that we continue to identify the needs of our beneficiaries
and target resources and Se￿Ice5 appropriately.
We are reviewlng the services we provide 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 intend to continue to take advantages of the improvement5 made possible by advances in
information technology.
We will focus on developingthe skllls of ourworkforce to provide more specialist 5UPPOrt and
care to service users and their carers. We will continue to look for opportunities to develop our
services and co-design with service users, third settor agencles and our health partners.
We are currentlywartin8 on a planning decision concerningthe construction of a new day centre
on the site of the old pensioners club. We hope for approval and construction to commence In
the year to 31 March 2026.

THE CECIL AND ALAN PIiKINGTON TRUST FUND
Year ended 31 March 2025
Trustee5 Annual Report
Trustee￿ responsiblllties In relation to the financial statements
The trustees are responsible for preparing the Trustees, Annual Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Prattice).
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 fair view of the state of affairs of the
Charity and of the incoming resources and application of resources of the Charity for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent: and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the Charity will continue in operation.
The trustees are responsible for keeping proper accountin8 records that disclose with reasonable
accuracy at any time the financial position of the Charty and enable them to ensure that the
financial statements comply with the Charities Act 2011. the Charities (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 so far as the trustees are aware at the time of approving the Trustees, Annual Report:
there is no relevant audit information of which the Charf(fs auditor is unaware, and
the trustees have taken all steps that they oughtto have taken to make themselves
aware of any relevant audit information and to establish that the auditor is aware of
that information.
This report was approved bythe trustees on 26 June 2025.
Signed on behalf of the trustees
D J Bricknell
io

THE CECIL AND ALAN PILKINGTON TRUST FUND
Year ended 31 Marth 2025
Independent Auditors, Report to the Trustees of The Cecil and Alan Pllklngton Trust Fund
Opinlon
We have audited the finanaal statements of The Cecil and Alan Pilkington Trust Fund lthe'charitVI for
the year ended 31 Marth 2025 whith comprise of the Statement of Financial Artivlties, the Balan
Sheet, the Cash Flow Statement and notes to the financial statements, induding significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law
and United Kingdom Accounting Standard5, including Finanaal Reporting Standard 102 The Financial
Reporting Standard opplicoble in the UKondRepublic of Irelt7nd{United ￿ingdOM GenerallyAccepted
Accounting Prartice).
In our opinion the financral statements:
ve a true and fair vtew of the state of the charitys affairs as at 31 March 2025, and of its
incoming reSoUr￿S and application of reSoUr￿s. induding its income and expenditure, for the
yearthen ended;
have been Proper￿ prepared in accordance with United lfjngdom Generally Accepted
Accounting Practice. and
have been prepared in accordan￿ with the requirements of the Charities Att 2011.
Basis for opinion
We conducted our audtt in accordan￿ wrth Intemational Standards on Auditing IUKI IISAS IUKI} and
applicable law. Our responsibilities underthose standards are further described in the auditorfs
responsibilities for the audit of the financial statements settion of our report. We are independent of
the charlty in accordance with the ethical requirements that are relevant to our audit of the financial
Statements in the UK, including the FRCS Ethical Standard, and we have fulfilled our other ethical
responsibilrties in accordance with these requirements. We believe that the audit evidence we have
obtsined is sufficlent and appropriate to provide a basis for our opinion.
Condusions relatingto goi￿ concem
In audvting the financial statements. we have concluded that the trustee￿ use of the going concem
basis of accounting in the preparation of the finanaal statements is appropriate.
Based on the work we have performed. we have not identrfied any material uncertainties relating to
events or conditlons that, individually or collertivety, may cast signtficant doubt on the charty'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 respett to going con￿rn are described
In the relevant sertions of this reporL
Other Informatlon
The other infomiation comprises the information induded in the trustees, ￿port and accounts, other
than the financial statements and our audttorfs report thereon. The trustees are responsible for the
other information. Our opinion on the finanual statements does not cover the other infomiation and
we do not express ar7y fomi of assurance conclusion thereon.
Our responsibilty is to read the other infonnation and, in doing so, consider whetherthe other
Information is materially inconsistent wth the financial statements or our knowledge obtained in the
course of the audit or Othe￿[se appearsto be Material￿ mi55tated. ff we identtfy such material
incon5i5tencies or apparent material misstatements, we are ￿qUired to determine whether this &rives
rise to a material misstatement in the finanaal ststements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other infornation, we are
required to report that facL We have nothingto report in thls regard.

THE CECIL AND ALAN PILKINGTON TRUST FUND
Year ended 31 March 2025
Independent Auditorg Report to the Trustees of The Cecil and Alan Pllklngton Trust Fund
Matters on whith we are required to report by exception
We have nothlngto report in respect of the following matters in ￿latiOn to which the Charities
(Accounts and Reports) Regulations 2CK)8 require us to report to you If, in our opinion:
the information given in the trusteeg report is inconsistent in any material respert wlth the
financial statements. or
suffiuent accounting records have not been kept: or
the finanaal statements are not in agreement wth the accounting records; or
we have not recelved all the infonnation and explanations we require for our audit.
Responsibllftles of trustees
As explained more fully in the trustee￿ responsibilities statement set otrt on page 10, the trustees a
responsible for the preparation of the finanaal statements and for being satisfied that they give a true
and fair wew, and for such intemal control as the trustees detern)ine is necessary to enable the
preparation of financial statements that are free from material mi55tatement, whether due to fraud or
error.
In preparing the finanaal statements, the trustees are responsible for assessingthe charitVs abilityto
continue as a going con￿M, disclosin& as applicable. matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquldate the charity orto cease
operations. or have no realistic altematrve but to do so.
Audltorfs responslbilities for the audit of the finandal statements
Our objertives are to obtain reasonable assuran￿ about whetherthe finanaal statement5 as a whole
are free from material misstatement, whether due to fraud or error. and to issue an Auditorfs ￿port
that indudes our opinion. Reasonable assuran￿ is a high level of assuran￿ but is not a guarantee that
an audit condutted in accordan￿ wth ISAS (UK) V￿[1 ahvays detect a material mi55tatement when it
exists. Misstatements can arise from fraud or error and are considered material if, indniidually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregulaiities, including fraud, are instance5 of non-compliance with laws and regulations. We de51
procedures in line with our responsibilities. outlined above, to detect material misstatements in
respect of irregulartties, induding fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detsiled below-
Discusslon with management and those involved in the financial reporting process Induding
consideration of known or suspected instances of non•compliance with laws and regulations
central to the charity's abilty to operate, and fraud..
Evaluation and testing of the operating effectiveness of management's controls desi8ned to
prevent and detect irregularities;
Identifying and testing journal entries, in partiojlar any joumal entries posted wf(h unusual
account combinations or of signtficant monetary amounts; and
Review of the rdtionale for the calculation of key accounting estimates in the financial
statements and testing of the accuracy of these calculations.
There are inherent limitations in the audrt proodures described above. The further removed non-
compliance wtth law5 and regulations is from the events and transactions reflected in the financial
statements, the less likely we would become aware of it. Also, the risk of not detecting a material
misstatement due to fraud 15 higher than the risk of not detecting one resuking from error, as fraud
may involve deliberate concealment by. for example, forgery or intentional misrepresentst￿n$, or
throu8h collusion.
12

THE CEaL AND ALAN PILKINGTON TRusf FUND
Year ended 31 March 2025
Independent Audltors, Report to the Trustees of The Cecll and Alan Pllkington Trust Fund
A further description of our responsibilities is available on the Financial Reporting Counctl's website at:
www.frc.or
auditorsres
onsibilities. This description fomis part of our Audrtorfs report.
Use of our report
This report is made solely to the tharitys trustees, as a body, in accordan￿ with Part 4 of the Charrties
IAccounts and Reports) Regulations 2CX)8. Our audit work has been undertaken so that we might State
to the charws trustees those matters we are required to state to them in an auditorfs report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibllltyto
anyone other than the charity and the chartVs trustees as a body, for our audit wort forthis report,
orfor the opinions we have fomied.
Livesey Spottiswood limited (Stat
ory Auditor)
Chartered Accountsnts and Statutory Audttors
17 George Street, St Helens. Mer5eyside WAIO IDB
Date:
Livesey Spottiswood Llmited ts eli8ible to act as a audttor in temis of sectM)n 1212 of the Companies Art
2006.
13

THE CECILAND ALAN PILKINGTON TRUST FUND
Statement of financial activitles for the year ended 31 March 2025
Note un￿strOrted Restrirted Endowment
Funds
Funds
Funds
2025
£'ooo
£'ooo £'ooo
Total
Total
2024
£'ooo
Income and endowments
Donations, legacie5 and grants
Charitoble t7ctivities."
UK benefits and services
Ruskin Lodge respite care
Other
Investments
Total income
70
16
86
104
169
io
3.221
3.574
104
169
io
3,221
3,590
102
3,162
3,631
16
Expendlture on raising funds
Investment management costs
Expendlture on charitable
actlvitles
U K benefits and services
Ruskin Lodge respite care
Overseas benefits and services
2,094
1,641
2,095
1,653
2,130
1.518
205
210
222
Donation to Willowbrook
Total expenditure
Net expenditure before gains
and losses on investments
Net IIos5esl/galns on
investments
30
3,972
30
3,990
75
3,947
18
1398)
{2)
14CM)1 13161
(192)
11,806) 11,9981
8,237
Net movement in funds
(590)
(1,806) (2A98)
7,921
Recon¢lliation of funds:
Total funds brought forward
Total funds carrled foThvard
12.398
li
93,282 105,691 97,770
91,476 103.293 105,691
11,808
The notes on page 17-26 form part of these financial statements
14

THE CECIL AND ALAN PILKINGTON TRUST FUND
Balan￿ Sheet as at 31 March 2025
2025
2024
as
restated
£'ooo
Note
Flxed assets
Tangible fixed assets
Investments
590
667
101,739 104,237
102,329 104,904
Current assets
Debtors
Cash and bank deposits
io
128
978
1,106
95
846
941
Creditors amounts falling due
within one year
Net current assets
li
135
121
971
820
Provision for liabilities
12
33
Net assets
103,293 105 691
Fund balances
Unrestricted funds
Restricted funds
Expendable Endowment fvnd
Total charity funds
11,808 12,398
li
91,476 93,282
103 293 105,691
13
14
The note5 on page 17-26 fomi part of these financial staternents
The above accounts were approved by the trustees on 26 June 2025 and were signed on thelr behalf
by:
D J Bricknell (Dire
or of Trustee Companies)
J McKenna (Director of Trustee Companies)
15

THE CECIL AND ALAN PILKINGTON TRUST FUND
Statement of cash flows for the year ended 31 March 2025
2025
£'ooo
2024
£'ooo
Cash flows fron7 operating artivities
Net cash used in operatlnq artivltles..
13,586
13,360)
Cash flows from investing actmtles
Dlstributions and interest from investments
Proceeds from the sale of equipment, furniture and vehicles
Purchase of equipment, fumiture and vehicles
Proceeds from sale of investments
Purchase of investments
Net Cash provided by inve5tlng ortlvitles
3,221
3,162
12
1161
181
1631
3.095
3,718
Change in cash and cash equivalents In the year
132
{2651
Cash and cash equivalents at the beginning of the year
Cash and Cash equlwdlents at the end ol the year
846
978
I,iii
Reconciliatlon of net Income/{expendlture) to net cash flow from operatlng artlvlties
Net lexpenditure)/income for the year
Adjustments for:
Depreciation charges
Los5es/ Igainsl on investments
Distributions and Interest from investments
Profit on sale of fixed assets
{Increasel/decrease in debtors
{Decreasel/ increase in creditors
Net cash used In operatlng artlvltles
12,398)
7,921
81
85
1,998 {8,2371
{3.221) 13,1621
iii
121
133)
24
112)
li
{3,5861 13,3601
Analysls of cash and cash equlvalents as at 31 March
Cash at bank and in hand
Deposits held by investment managers
Total cash and cash equlvalents
535
443
978
324
522
846
The notes on page 17-26 form part of these financial statements
16

THE CECIL AND ALAN PILKINGTON TRUST FUND
Notes to the flnanaal statements for the year ended 31 March 2025
l. Accounting pollcles
Basls of preparatlon and assessment of going concern
The flnancial statements have been prepared under the historical cost convention with items recognised at
cost or transartion value unless otherwise stated in the relevant notels) to these accounts. The financial
statements have been prepared in accordance with the Charities Statement of Recommended Practlce
Issued in Ortober 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021 and the Charities Act 2011.
The trustees consider that there are no material uncertaintie5 about the Trusvs abllity to continue as a golng
concern.
The trust constFtutes a public benefit entity as defined by FRS 102.
Funds structure
The expendable endowment fund may be spent in accordance with the charttable objectives at the
discretion of the trustee5. Restricted Funds arise from specific grants for individual projects or assets and
must be used for the restricted charitable purpose. Unrestricted income funds comprise those funds whlch
the trustees are free to use for any purpose In furtherance of the charitsble objects.
Income re¢ognltlon
All income is recognised in the statement of financial activities once the charity has entitlement to the
funds. it is probable that the income will be received and the arnount of income receivable can be measured
rellablv.
Grants are recognised in full in the statement of financial artivlties in the year in which they are receivable.
Expendlture recognltlon
Liabilitles are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure. it is probable that settlement will be required and the
amount of the obligation can be measured reliably.
The cost of discretionary grants is recognised when the commitment has been approved.
All expenditure is accounted for on an accruals basis. All expenses including support costs and
governance costs are allocated or apportioned to the applicable expenditure headings on the most
appropriate basis.
Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which It was incurred.
Allocatlon of 5UPPOrt and govemance costs
Support cost5 have been allocated between govemance costs and other support costs.
Governance costs comprise all costs involving the public accountability of the charity and its
compliance with regulation and good practice. These costs include costs related to statutory audit
and legal fees togetherwith an apportionment ofoverhead and support costs.
Governance costs and support costs relating to charitable activities have been apportioned by reference to
the activities generating those costs. The allocation of support costs is shown in note 5.
Tanglble fixed assets and depre¢lation
Fixed assets are depreciated over their estimated useful economlc live5 on a stralght line basis as follows:
Leasehold land and buildlngs
Motor vehicles
Furniture, fitting5 and other equipment
between 10 and 50 years
between 5 and 8 years
between 3 and 25 years
17

THE CECILANDALAN PILKINGTON TRusf FUND
Notes to the flnancial statements for the year ended 31 Marth 2025
l. Accountlng policie5 contlnued
Investments
Investments are a form of basic financial instrument and are initially recognised at their transartion value
and subsequently measured at their fair value as at the balance sheet date using the c105in8 quoted market
price.
All gains and losses are tsken to the Statement of Financial Activities as they arise. Reallsed gains and losses
on inve5trnents are calculated as the difference between sales proceeds and their opening carrying value or
their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses
are calculated as the difference between the fair value at the year end and their carrying value. Realised and
unrealised investment gains and losses are combined in the Statement of Financial Activities.
The main form of financial rlsk faced by the charity is that of volatility in equity markets and investment
markets due to wider economic conditions, the attitude of investors to investment risk. and changes in
sentiment concerning equities and within particular sectors or sub sectors.
Debtors/Credltors
Debtors and creditors are included in the financial statements at transaction value.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty notice
of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than
three months from the date of acquisition and that are readily convertible to known amounts of cash with
insignificant rlsk of change in value.
Pensions
The Trust participates in both a defined benefits scheme and defined contribution pension schemes. The
defined benefit scheme is a multi-employer scheme known as the Pilkington Superannuation Scheme IPSSI.
It has not been posslble to identify the underlying assets and liabilities attributsble to each participating
entity.
All pension contributions paid in the year are charged to the ststement of financial activities on a defined
contribution basis.
Leasing commltments
Rentals paid under operating leases are charged to the statement of financial activities as incurred.
Judgements and key Sour￿ of estimatlon uneertainty
In the application of the charitys accounting policie5, trustees are required to make judgements, estimates
and assumptions about the application of accounting policies and reported amounts of assets. liabilities,
income and expenses. The judgements. estimates and underlying assumptions are based on historical
experience and other factors that are considered relevant including expectations of future events that are
considered reasonable. The judgements, estimates and Under￿ing assumptions are reviewed on an ongoing
basls however actual results may differ from these amounts.
In preparing these financial Statements no Significant judgments have been made. The key source of
estimation uncertainty relates to the allocation of Governance and support costs in notes 4 and 5.
18

THE CECILAND ALAN PILKINGTON TRUST FUND
Notes to the finandal Statements for the year ended 31 March 2025
2. Donations, legacies and grants
2025
£'ooo
2024
£'ooo
General grnnts."
Pilkington Charitles Fund
Restrfrted grants..
Rainford Trust
Other restricted donations
Other donations
70
70
li
86
3. Investment income
2025
2024
£,0￿)
3,132
25
Income from Investments Ilsted on a recognised stock exchange
Interest on cash held by Investment managers
Bank interest
3,191
24
3,221
3,162
4. Resources expended
Dlrect costs
Allocated
support
Costs
Total
2025
Totsl
2024
£'ooo
£'ooo
C05t of generatlngfvnds
Investment management costs
Charltable artlvltles
UK benefits & servlces
Ruskin Lodge respite care
Overseas benefits & seNices
Donation to Willowbrook Hospice
1,503
1.431
173
30
3,139
592
222
37
2.095
1.653
210
30
3,990
2,130
1,518
222
75
3,947
851
Direct costs include:
The external audit fee of £10,395 {2024: £9,900).
Operatlng lease cost5 in respect of land and buildings of £132,99212024: £118,239)
5. Support costs
UK beneffts & Ruskin Lodge
Overseas
Serv1￿ resplte care benefrts &
services
Totsl
2025
Totsl
2024
£'ooo
£'ooo
£'ooo
Governance
Corporate
Finance
Human resources
Community care
admlni5tration
329
14
Total
592
222
37
Support costs have been allocated to actiwties on the basis deemed most appropriate.
76
36
38
36
47
87
13
13
li
127
85
152
144
125
86
57
155
343
851
301
798
19

THE CECIL AND ALAN PILKINGfoN TRusf FUND
Notes to the flnanclal statements for the year ended 31 March 2025
6. Expendlture on UK beneffts and service5
Unrestrlrted Restrlrted
Totsl
2025
£'ooo
Total
2024
£'ooo
Services provided:
Personal care and sitting service
Dementia support
Domestic assistance
Home meals and laundry
Gardening and security
Hairdressing
Day centre servlces
Visiting
Active leisure/contact groups
Prism/calendar
Total servlces provided
197
197
176
41
561
151
li
51
561
151
li
51
496
155
li
51
130
397
55
42
1,563
384
50
50
1.490
1,491
Grants to
Indlvlduals:
Hairdressing
Domestic assistance
Gardening
Discretionary grants
Total grants to Indivlduals
Numberof
grants
57
109
li
li
12
12
12
22
Gifts/ Christmas provisions
Total dlrect costs
1.502
1,503
1,586
Community care administratlOD and support costs
Total spend on UK benefits and services
592
2,095
544
2,130
20

THE CECIL AND ALAN PILKINGTON TRU5f FUND
Notes to the flnandal statements for the year ended 31 March 2025
7. Trustees and staff costs
Trustees
Member5 of the Board of the Trustee companies do not receive any remuneration for their services. £210
expenses were reimbursed during the year to 31 March 2025 {2024'. £94).
Staff numbers
The average number of employees during the yearwas 6712024: 69).
The average numbers of employee5 on a full time equivalent basis was:
2025
47
2024
45
Charitsble
Management and Administration
52
51
Staff costs
2025
2024
£'ooo
1.673
143
235
Wages and salaries
Social Security costs
Pension contributions
1,686
154
192
2,032
The total employment benefit5. including employer pension contrtbutions of the key management
personnel was £342,71712024: £333,505).
The number of employees whose emoluments (salaries and benefits in kindl fell within the following band..
2025
2024
£60,000 - £69.999
£70,000 - £79,999
£90.000 - £99,999
Terminatlon payments of £8,620 were paid during the year. This includes £5,512 ex gratia payments.
Penslon schemes
The Trust participates In both a defined benefits scheme and defined contribution pension schemes.
The defined benefit scheme 15 a multi*mployerscheme known as the Pilkington Superannuation Scheme
IPSS). It has not been possible to identify the underlying assets and liabilities attributable to each
participatlng entity.
Under the trust deed Eoverning the PSS, the employerf5 contributions are fixed at 16% of pensionable salary
(fixed at 30 April 20131 for active mernbers who contribute 8%, and 12.5% for members contributing 5.5%.
Under the deed, the employer has no right of access to any investment surpluse5 bLFt equally cannot be
required to increase contributions to finance any deficits other than as may be required by legislation. All
pension costs of the charity in relation to this scheme are reported on a defined contribution basis. The
Pilkington Superannuation Scheme is closed to new members.
An auto enrolment scheme has been In place since July 2014 and a defined contribution scheme with Avlva
is offered to all employees.
21

THE CECIL AND ALAN PILKINGTON TRUST FUND
Notes to the financlal statement5 for the year ended 31 Marth 2025
8. Tan8ible flxed a55ets
Leasehold
land &
buildings
Motor
vehlcles
Furnlture
ffttings &
equipment
£'ooo
Total
Assets at cost
Balance l April 2024
Additions
Disposals
Balance 31 March 2025
Depreclatlon
Balance l April 2024
Charge for the year
Disposals
Balance 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
257
381
2,438
iioi
247
iioi
2,436
1,81K)
389
1,320
33
130
28
321
20
1,771
81
1,353
152
341
1,846
447
480
95
127
590
667
9. Fixed asset Investments
Totsl
£'ooo
104,237
Market value 01 April 2024 las restated- see note 181
Additions at cost
Disposals
5001
103,737
Net losses on investments
Market value 31 March 2025
101,739
At 31 March 2025. the Trust was invested in two managed funds, each wlth a diversified portfolio of
investment5.
10. Debtors
2025
£'ooo
17
14
97
128
2024
£'ooo
17
14
Pilkington Charities Fund
Local Government
Other debtors
95
22

THE CECILAND ALAN PILKINGfoN TRUST FUND
Notes to the financlal statements for the year ended 31 March 2025
11. Credltors . amounts falling due within one year
2025
£'ooo
74
24
34
2024
£'ooo
43
42
33
Trade Creditors
Accruals and Deferred income
Taxation and Social Security
Other creditors
135
121
12. Provlslon for Ilabilities
Balan
31 March
2024
Released In
Balance
31 March
2025
year
Cumulative leave provislon
Refurbishment costs
20
-20
33
-26
The cumulative leave provision is for holiday pay accrued by eligible staff based on pay rates at the balance
sheet date.
13. Restrlcted funds
The funds of the charity include donations and grants which need to be used for specific purposes and are
classified as restricted fvnds, At the year*nd restrirted funds comprise unspent balances as follows:_
Balante
31 March
2024
Income
Expenditure
Balance
gains/llossesl 31 March
& transfers
2025
£'ooo
£'ooo
Pensioners Club
Minibus
South Africa
Ruskin Lodge - IT
Otherfunds
151
iioi
iii
1181
io
li
16
14. Expendable endowment funds
The funds of the charity Include expendable endowments. At the year-end they comprise unspent balances
as follows:_
Balance
31 March
2024
Income
Expendlture
Balance
galnslllosses) 31 March
& transfers
2025
£'ooo
£'o(
11,8061
91,476
11,8061
91,476
£'ooo
Expendable endowment
93.282
93.282
23

THE CECILAND ALAN PILKINGTON TRUST FUND
Notes to the flnanclal 5tstements for the year ended 31 March 2025
IS. Anatysls of net assets between funds
Current year
Tangible fixed Investments Net Current
assets
Assets
Long term
Total net Total net
assets
assets
2025
£'ooo
2024
£'ooo
£x)00
Unrestritted funds
General funds
582
10,263
970
17}
11,808
12,398
Restricted funds
Pensioners Club
Minibus
Other funds
Endowment funds
Endowment
91.476
91,476
93,282
590
101,739
971
103 293
105,691
Prior year comparatlve
Tangible fixed Investments Net Current
assets
Assets
as restated
Long temi
Total net Total net
assets
assets
2023
£'ooo
as restated
2024
Unrestrlcted funds
General funds
657
10,955
819
133}
12.398
11,820
Restrirted funds
Pensioners Club
Minibus
Otherfunds
12
Endowmentfunds
Endowment
93.282
93,282
85,936
667
104.237
820
33
105,691
24

THE CECILAND ALAN PILKINGTON TRusf FUND
Notes to the financial statements for the year ended 31 March 2025
16. Related partles
The Cecil & Alan Pilkington Trust Fund uses Pilkington Retirement Services Limited a5 an employment
vehicle for 6412024.. 711 contracts of employment at the Balance Sheet date. All associated Salary costs are
borne exclusively by the Cecil & Alan Pilkington Trust Fund.
During the year the Trust did not pay any trustee for services {2024: none).
The Trust recelved a grant of £5,(KK)12024: £5.0￿) and £3.95912024: £3.7501 for accountancy seNices
from The Rainford Trust, a registered charity with common trustees.
The Trust received £75012024: £7501 for accountancy services from The St Helens Housing Association
Trust. a registered charity with a common trustee.
The Trust made pension contributions for Ioemployees durfng the yearto the scheme known as the
Pilkington Superannuation Scheme IPSSI which ha5 a common trustee.
17. Operating lease commitments
At 31 March 2025 the charity had total minimum operating lease payments a5 set out below:
Land and buildings:.
2025
2024
£'o
Operating lease payrnents due:
within one year.
between one and five years
134
69
203
133
203
336
18. Prlor year restatement
The prior year figures have been restated to reflect the cash balances held by the investment fund managers
as cash at bank rather than fixed asset investments. The trustees believe that this better reflects the liquid
nature ofthose amounts.
The efFect of the adjustment was to reduce fixed a55et investments by £522k and increase cash and bank
deposits by that same amount.
25

THE CECILAND ALAN PILKINGTON TRusf FUND
Notes to the flnancial ststements for the year ended 31 March 2025
19. Prlor year Statement of flnanclal artivities for the year ended 31 March 2024
Nots Unrestricted Restrirted Endowment Total
Funds
Funds
Funds
2024
£'OQD
£'ooo £'ooo
Totsl
2023
Income and endowments
Donations, legacies and grants
71
77
76
Charituble activities..
UK benefits and services
Ruskin Lodge resptte care
Other
Investments
Total income
102
284
102
284
ioi
284
3,162
3.625
3,162
3,631
3,105
3,569
Expenditure on rdlslng funds
Investment management costs
Expendlture on charftsble
activlties
UK benefits and seNices
Ruskin Lodge respite care
2.127
1,517
2,130
1,518
1,959
1,305
Overseas benefits and seryices
217
222
205
Donation to Willowbrook
Total expendlture
Net incomellexpenditurel
before gains and losse5 on
investments
Net gains/llossesl on
investments
75
3.938
75
3,947
75
3,546
(313}
{3}
13161
23
891
7,346 8,237 14,8831
Net movement in funds
578
(3)
7346 7,921 14,860}
ReconclllatEon of funds:
Total fund5 brought forward
Total funds orrled forward
11,820
14
li
85,936 97,770 102,630
93,282 105,691 97 770
26