DR L H A PILKINGTON'S CHARITABLE SETTLEMENT ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
DR L H A PILKINGTON'S CHARITABLE SErrLEMENT ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 INDEX Page Tnjslees Annual Report Independent Examiner's Report Balance Sheet Slalemenl of Financial Activities Capital Account Income Account Undislributed Income Account Charitable Donations Schedulè Of Investments and Income 10 Appendix 11
DR L H A PILKINGTON'S CHARITABLE SELEMENT ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 TRUSTEES ANNUAL REPORT Truslee5.' Timothy Guy Bankes Helen Victoria Bankes This Trust was Created by a Deed of Settlement dated 20 November 1964 as a Charity. The Charity Registration Number is 241296. Under the temis of this Deed the Iruslees have the power lo distribute income and eapilal for such charitable inslilulions or charitable purposes as they in their absolute discretion think fft, whether in the United Kingdom or worldwide. The charity's only assets are stock exchange investments and cash as shown on the Balance Sheet. They are managed by CCLA Inveslrnenl Management Ltd. The Market Value of the investments as al 31 March 2025 is £943.229.78 The on5y source of income is from investments, details of which are gNen in these accounts. All income due has been received. This charity does not trade or participate in any fund- raising activities. A list of the donations made in the year 15 given on page 9, There were 3 donations lolalling £25,500. The Charities selected for dislribulions were broadly the same as the pvioUS year, bul this will not necessarily be the policy in future year5. A balance of undislribuled income of £9.463.66 was retained at the year end and is available for distribution in future years Ipage 8). Donations and grants are only made lo registered charities. No applications are considered from unregistered bodies or individuals. These accounls include all dividend income due together with the recoverable tsx and expenditure incurred in the year. The Trustees do not charge any fees or claim reimbursement of their personal management expenses. All the administration expenses relate lo legal, accountancy, investment management and the costs of maintaining a post office box for charitable applications. Reserves The Trustees do not consider the underlying capital lo be reserves since they form the sole SC)urce of income for the Trust. 11 is not the intention of the Trustees lo build up or maintain income reserves. any under expenditure of income being balanced by over expenditure in preceding or subsequent years. 11. Risk Management. The major risks lo which the Charity is exposed, as identified by the Trustees. have been reviewed and systems have been established to mib'gate those risks.
DR L H A PILKINGTON'S CHARITABLE SErrLEMENT ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 TRUSTEES ANNUAL REPORT (Conud..) Investment Objective To maintain a balance between capital growth and income by which, over the long tem), il is intended lo maintain the real value of the capital and income. The assets are rnanaged by CCLA Investment Management Ltd. To achieve the investment objective5, they have invested in the COIF Charities Investment Fund and the COIF Charities Fixed Interest Fund. 13. Trustees. Recruilmenl Policy The current Trtjslees would appoint the new Trustee from within the wider family concenlraling on family members who have experience in the charity sector or who have other relevant skill sets The training necessary is provided by the senior family members who have been involved with the Charity for many years. Trusleos, Complaints Policy All complain15 are considered by the Trustees ofthe Charity and responded lo within three weeks. 15. Accountants". Ralhbones Trust Company Ltd, Port of Liverpool Building. Pier Head, Liverpool L31NW. 16. Solicrf(Drs.' Brabners. Horton House. Exchange Flags. Liverpod L2 3YL Timothy Guy Bankes Helen Victoria Bankes
DR L H A PILKINGTON'S CHARITABLE SErrLEMENT ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the accounts of the Trust for the year ended 5 April 2025. which are sel out on pages 1 to Responsibilities and ba$i$ of report As the charity Iruslee5 of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 14515llbl Of the Act. Independent examinerfs statement I have completed my examination l Confirm that no material matter5 have come lo my attention in connection with ihe examination which gives me cause to believe Ihal in, any material respect.. accounting records were not kept in accordance with section 730 of the act or the accounts do not accord with the accounting records I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in order lo enable a proper undefstanding of the accounts lo be reached. John Duffy BAIHonsl ATT TEP FCCA Rathbone$ Trust Company Limited Port of Liverpool Building Pier Head Liverpool L31NW
DR L H A PILKINGTON'S CHARITABLE SEThLEMENT ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 BALANCE SHEET AS AT S APRIL 2025 2024 2025 Inveslmants 985.413 Trust Fund Ipage 101 al market value 943,229.78 Cash and Debtors Lloyds TSB PIC CUrnt Account Savings Account 5,855 The COIF Charities Depost Fund 177 310.71 100 00 6,141.24 6,032 6,551.95 Less: Creditors Rathbones- Accountancy fees 11.260 1.260.00 4.772 Uninvested cash 5,291.95 £990,185 Total Funds held £948.521.73 Represented by :" 981.723 Capital Account Ipage 61 8.462 Undislribuled Income Account Ipage 81 939,035.34 9,486.39 £990,185 £948,521.73
DR L H A PILKINGTON'S CHARITABLE SELEMENT ACCOUNTS FOR THE YEAR ENDED S APRIL 2025 STATEMENT OF FINANCIAL ACTIVITIES 2023124 2024125 Total Funds INCOME AND ENDOWMENTS FROM Investment income Ipage 71.. Dividends Bank deposit interest 26,053 408 26,873.45 406 47 27.279 92 26.461 Total incoming resources 27.279 92 RESOURCES EXPENDED DIRECT CHARITABLE EXPENDITURE Grants payable lo Charitable In5tilulions Ipage 91 25,000 25,000 25.500.00 25,500.00 OTHER EXPENDITURE 1.260 Management and adminislralion 1,260.00 26,260 Total Re50urcès Expended 26.760 00 201 Net incoming re$ource$ before 519.92 79.705 GainllLossl on revaluation of investments in 2024125 142,183.461 79,905 Net movement In funds 141,663.541 910,280 Funds brought forward 990,185.27 £990,185 Funds held at 5 April 2025 Ipage 41 948,521.73
DR L H A PILKINGTON'S CHARITABLE SETTLEMENT ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 CAPITAL ACCOUNT 2023124 2024125 902,522 Balance as at 6 April 2024 981.722.80 Add.. 79,705 982,227 GainllLossl on revaluation of investments in 2024125 42,183 46 939.539 34 Less.. 15041 Ralhbones- Accountancy fees 1504.00) £981,723 Balance as at 5 April 2025 Ipage 41 £939,035.34
DR L H A PILKINGTON'S CHARITABLE SETTLEMENT ACCOUNTS FOR THE YEAR ENDED S APRIL 2025 INCOME ACCOUNT 2023124 2024rds Income 26.053 277 130 Investment Income- gross Ipage 10) COIF Charities Deposf( Fund Lloyds TSB PIC 26.873 45 286.30 120.17 26,461 27,279.92 Less.. 17561 Ralhbones- Accountancy fees Nel Income al 5 April 2025 Iransfefred to Undislribuled Income Account Ipage 81 1756.001 £25,705 £28,523.92
DR L H A PILKINGTON'S CHARITABLE SETTLEMENT ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 UNDISTRIBUTED INCOME ACCOUNT 2023/24 2024r25 7,758 Balance as at 6 April 2024 8.462.47 Add: Balance of nel income for the year ended 5 April 2025 25,705 transferred from Income Account I page 7) 33.462 26,523.92 34.986.39 L¥ss: 125.0001 Distributions lo Ch8ri(ies Ipage 91 125.500.001 £8.462 Balance as at 5 April 2025 £9.486.39 I page 41
DR L H A PILKINGTON'S CHARITABLE SETTLEMENT ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 CHARITABLE DONATIONS DURING THE YEAR ENDED 5 APRIL 2025 Donation5 from Income - Mar¢h 2025 Deafblind UK Designability Julian House 8.500.00 8.500.00 8,500.00 Total Donations made by the Settlement £25,500 00 I page 51