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2024-04-05-accounts

The Charity Registration Number is :- 264119

Paul Lunn-Rockliffe Charitable Trust

Report and Accounts

5 April 2024

Paul Lunn-Rockliffe Charitable Trust

Report and accounts for the year ended 5 April 2024

Contents

Page
Charity information 1
Trustees' Annual Report 2
Statement of trustees' responsibilities 5
Independent Accountant's Report 6
Funds Statements:-
Statement of Financial Activities 8
Statement of Financial Activities - Prior Year statement 9
Statement of total recognised gains and losses 10
Movements in funds 11
Income and Expenditure account 12
Balance sheet 13
Notes to the accounts 14

Paul Lunn-Rockliffe Charitable Trust

Trustees' Annual Report for the year ended 5 April 2024

The Trustees present their Report and Accounts for the year ended 5 April 2024.

Reference and administrative details

The charity name

The legal name of the charity is:- Paul Lunn-Rockliffe Charitable Trust

The charity is also known by its operating name, PLR Trust

The charity's areas operation and UK charitable registration

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 264119

Legal structure of the charity

The governing document of the charity is the Trust Deed establishing the charity.

The Governing Document is dated 13 April 1972

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

Address - 42, Manor Lane, Slyne, Lancaster LA2 6JE Telephone - 02380 001049 Voicemail only Email Address - plrcharitabletrust@gmail.com Website - www.plrtrust.uk

The Trustees in office on the date the report was approved were:-

Mr J Lunn-Rockliffe Mr G Hampshire Ms L Lunn-Rockliffe Ms C Lunn-Rockliffe Dr S Lunn-Rockliffe

1

Paul Lunn-Rockliffe Charitable Trust

Trustees' Annual Report for the year ended 5 April 2024

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

Mission Statement

To make a positive difference to a development project that will change lives and enable people to live more sustainably.

Description

Values

The original charity deeds were founded on Christian principles. This ethos is still important to the trustees of the PLR Trust and we are motivated by this in our decision making processes.

Relationship building - Connecting - People orientated

As trustees we value building relationships between individuals and wider communities. In light of this, we are keen to fund projects that understand the needs of communities and how and why it is important to connect people and encourage inclusion. We have particular but not exclusive interest in working with organisations that support the elderly, those in financial difficulties, the disabled, children and refugees. We are also committed to building a rapport with the charities that we support and would be willing to engage with developing their projects.

Making a difference – Sustainable change - Large and Small

We believe in long term sustainable impact. We wish to support ideas that not only make a difference in people’s lives but will be able to run without our financial aid in the future. Additionally, we wish to support projects that promote building positive and sustainable environmental futures. These projects could operate in international, regional or local contexts. Furthermore, we value ideas that will make a difference not just for the official beneficiaries, but also for the running of the project.

Trust - Integrity - Honesty - Accountability

We value honesty in order to build our trust in different projects and wish to work with organisations that have a clear decision making structure. We support organisations that provide accountability for funding received and demonstrate how this is positively impacting the project as a whole. Given that projects may change significantly throughout their lifetime, we value the integrity and transparency of decision making processes rather than the meeting of specific end results.

Creative - Imaginative - Interesting

As a Trust, we value the importance of being creative and thinking imaginatively. In light of this, we encourage projects to apply for funding which have innovative and authentic ideas for bringing about positive change in the world.

Grant Support

We offer grants which may run up to 3 years, for pivotal change within a given charity’s activities, but not towards repeating or ongoing operational activity.

The main activities undertaken during the year to further the charity's purpose for the public benefit, achievements and performance, the difference made to beneficiaries and the degree to which the achievements and performance during the year have benefited wider society.

As a relatively modest family Trust with limited funds, and with only a small operating volunteer team, we are constantly challenged by the range, number and quality of received applications for funding. We recognise that all applicants represent a need. Nevertheless when today our presence is showing on numerous platforms we have had to find ways of limiting and screening applications to maintain what has to date been relatively open to a very wide range of requests.

In order to achieve this we have set parameters to what we would like to support in accordance with the original charter of the Paul Lunn-Rockliffe Charitable Trust as set out in 1972.

2

Paul Lunn-Rockliffe Charitable Trust

Trustees' Annual Report for the year ended 5 April 2024

2023-2024 has seen the transition in our operation from that of having an open application process to that of Trustees identifying directly those charities which they wished to support, whilst following in principle the objectives and outline of projects which were established. These are for larger sums, which may extend over several years and include financial loans. In such cases we continue to review the individual projects longer term viability and sustainability we are supporting. This change was reported in the last financial year.

This year has seen our grant support totalling £64,000 which remains well in excess of our income receipts. In addition there has been a 5 year loan of £65,000 for a refugee house in Lancaster.

Trustee Discretionary Grants

Further to the above the trustees set that each trustee could nominate a charity of their choice to receive a direct grant from the Trust. This would not necessarily have to meet the full criteria set out for larger sums being processed via the Expressions of Interest applications, but would be a way for the trustees to have a an opportunity to support charitable needs close to them. In addition, and in response to current local crises it was agreed that Trustees could nominate a charity local to them which was engaged with working with refugees.

Overall Grant Giving

Overall the Trust has given out a total which represents over double the income generated by the Trust’s portfolio investments, and which has been achieved because the Trust has held available cash reserves. It has been agreed that the Trust’s grants may continue to exceed income, where this practice will be reviewed annually by the Trustees.

Looking Forward

As the year transitions to the next we see an increase in applications via our website and will be looking to see if the practice we have established can be maintained, and whether our website and limiting criteria are sufficient to maintain a manageable stream of applications.

It is anticipated however that 2024-25 Financial year will see a similar level of financial commitment towards supporting charitable causes.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The board of trustees are responsible for selecting and appointing any new trustees after consideration of their skills ans suitability for the position.

Bankers Handelsbanken, 1 Crown Walk, Jewry Street, Winchester SO23 8BB Solicitors Dutton Gregory, 44 Jewry Street, Winchester SO23 8RY K J Stratton, FMAAT, Brewery House, High Street, Twyford, Winchester SO21 Independent Examiner 1RF

3

Paul Lunn-Rockliffe Charitable Trust

Trustees' Annual Report for the year ended 5 April 2024

Financial review

The charity's financial position at the end of the year ended 5 April 2024

The financial position of the charity at 5 April 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds
Net Income/(Expenditure)
Unrestricted Revenue Funds available for the
general purposes of the charity		 2024
£
(23,134)
2,006,885
2,006,885		 2023
£
(94,246)
1,906,705
1,906,705

Financial review of the position at the reporting date, 5 April 2024 .

The trustees consider the financial performance by the charity during the year to have been satisfactory.

Policies on reserves.

The charity's policy on reserves is to maintain sufficient investments to produce an income that supports the level of grants agreed by the trustees.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of the general fund.

4

Paul Lunn-Rockliffe Charitable Trust

Trustees' Annual Report for the year ended 5 April 2024

Statement of Trustees's Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 09 December 2024.

James Lunn-Rockliffe Trustee

5

Paul Lunn-Rockliffe Charitable Trust

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 5 April 2024

I report on the financial statements of the charity on pages 8 to 17 for the year ended 5 April 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) , effective January 2015 (The SORP), under the historical cost convention and the accounting policies set out on page 14.

Respective responsibilities of the Trustees and the Independent Examiner

As described on page 5, the charity's Trustees are responsible for the preparation of the accounts.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, theTrustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit under any legal provision, or otherwise, and is eligible for independent examination, it is my responsibility to:-

b) follow the procedures in the General Directions given by the Charity Commission under section 145(5)(b) of the Act and;

Basis of Independent Examiner's Statement and scope of work undertaken

I conducted my examination in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act, setting out the duties of an Independent Examiner in relation to the conducting of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, asTrustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by theTrustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the Independent Examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

6

Paul Lunn-Rockliffe Charitable Trust

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above , in connection with my examination, I can confirm that :-

This is a report in respect of an examination carried out under 145 of the Act and in accordance with General Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-

to keep accounting records in accordance with with Section 130 of The Charities Act 2011;

when preparing accounts on an accruals basis, to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act and the Regulations setting out the form and content of charity accounts;

have been prepared in accordance with The Charities Act 2011. and with the methods and principles set out in the FRS102 Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2016)

have not been met or to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached;

K J Stratton - Independent Examiner

FMAAT

Brewery House High Street Twyford Hampshire SO21 1RG

This report was signed on 09 December 2024

7

Paul Lunn-Rockliffe Charitable Trust - Statement of Financial Activities for the year ended 5 April 2024

Statement of Financial Activities for the year ended 5 April 2024

Current year
Unrestricted Funds
2024
£
Income & Endowments from:
Investments
A4
57,643
Expenditure on:
Charitable activities
B2
80,182
Total expenditure
B
80,182
Net gain/(loss) on investments
B4
122,719
Net income/(expenditure) for the year
100,180
Net income after transfers
A-B-C
100,180
100,180
Reconciliation of funds:-
E
Total funds brought forward
1,906,705
Total funds carried forward
2,006,885
SORP
Ref
Net movement in funds		 Current year
Restricted Funds
2024
£
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2024
£
57,643
80,182
80,182
122,719
100,180
100,180
100,180
1,906,705
2,006,885		 Prior Year
Total Funds
2023
£
57,350
151,596
151,596
(128,863)
(223,109)
(223,109)
(223,109)
2,129,814
1,906,705

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 14 to 17 form an integral part of these accounts.

8

Paul Lunn-Rockliffe Charitable Trust - Statement of Financial Activities for the year ended 5 April 2024

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Legacy
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activit
B3
Total expenditure
B
B4
Net expenditure for the year
Transfers between funds
C
Net income after transfers
Other recognised gains/(losses)
D1
D2
D3
D3
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net gains on revaluation of fixed
assets
Net gain/(loss) on investments
SORP
Ref
Net actuarial gains on defined
pension benefit schemes
Net movement in funds
Costs of fundamental
reorganisation or restructuring
Extraordinary items		 Prior Year
Unrestricted Funds
2023
£
-
-
-
57,350
57,350
-
151,596
-
-
151,596
(128,863)
(223,109)
-
(223,109)
-
-
-
-
(223,109)
2,129,814
1,906,705		 Prior Year
Restricted Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Prior Year
Total Funds
2023
£
-
-
-
57,350
57,350
-
151,596
-
-
151,596
(128,863)
(223,109)
-
(223,109)
-
-
-
-
(223,109)
2,129,814
1,906,705

All activities derive from continuing operations

9

Paul Lunn-Rockliffe Charitable Trust - Statement of Financial Activities for the year ended 5 April 2024

Statement of Total Recognised Gains and Losses for the year ended 5 April 2024

----- Start of picture text -----
2024 2023
£ £
Deficit for the year :-
Net excess income from operations before tax (23,134) (94,246)
Income from operations before tax in the Statement of Financial Activites (23,134) (94,246)
Deficit as shown in the Income and Expenditure account (23,134) (94,246)
Add/(deduct) non income and expenditure items:-
Unealised gains/(losses) on investments 122,719 (128,863)
Net Movement in funds before taxation 99,585 (223,109)
Funds generated in the year as shown on Statement of Financial Activities 99,585 (223,109)
The notes attached on pages 14 to 17 form an integral part of these accounts.
----- End of picture text -----

Paul Lunn-Rockliffe Charitable Trust - Resources applied in the year ended 5 April 2024 towards fixed Paul Lunn-Rockliffe Charitable Trust - Resources applied in the year ended 5 April 2024 towards fixed
assets for Charity use:-
Funds generated in the year as detailed in the SOFA 2024
2023
£
£
(99,585)
(223,109)
Net resources available to fund charitable activities (99,585)
(223,109)

The notes attached on pages 14 to 17 form an integral part of these accounts.

10

Paul Lunn-Rockliffe Charitable Trust - Statement of Financial Activities for the year ended 5 April 2024

Movements in revenue and capital funds for the year ended 5 April 2024

Revenue accumulated funds

Accumulated funds brought forward
Closing revenue funds
Summary of funds
Revenue accumulated funds
Recognised gains and losses before
transfers		 Unrestricted
Funds
2024
£
1,906,705
99,585
2,006,290
2,006,290
Unrestricted
and
Designated funds
2024
£
2,006,290		 Restricted
Funds
2024
£
-
-
-
-
Restricted
Funds
2024
£
-		 Total
Funds
2024
£
-
-
Total
Funds
2024
£
2,006,290		 Last year
Total Funds
2023
£
2,129,814
(223,109)
1,906,705
1,906,705
Last Year
Total Funds
2023
£
1,906,705

The notes attached on pages 14 to 17 form an integral part of these accounts.

11

Paul Lunn-Rockliffe Charitable Trust - Statement of Financial Activities for the year ended 5 April 2024

Paul Lunn-Rockliffe Charitable Trust

Income and Expenditure Account for the year ended 5 April 2024 as required by the Companies Act 2006

Income
Income from investments, other than interest receivable
Gross income in the year before exceptional items
Exceptional items:
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
All activities derive from continuing operations
Net income after tax in the financial year
Net income before tax in the financial year
Investment income		 2024
£
57,048
57,048
57,048
80,182
-
80,182
(23,134)
-
(23,134)
(23,134)		 2023
£
57,350
57,350
57,350
151,596
-
151,596
(94,246)
-
(94,246)
(94,246)

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 14 to 17 form an integral part of these accounts.

12

Paul Lunn-Rockliffe Charitable Trust - Balance Sheet as at 5 April 2024

Note
SORP
Ref
Fixed assets
A
Investments held as fixed assets
6
A4
Current assets
B
Cash at bank and in hand
B4
Creditors: amounts falling due within
one year
7
C1
Net current assets
The total net assets of the charity
230,641		 2024
£
1,776,244
230,641
2,006,885		 2023
£
1,588,524
318,681
(500)
318,181
1,906,705

The total net assets of the charity are funded by the funds of the charity, as follows:-

There are no unanalysed prior period funds

Restricted funds

Unrestricted Funds

Unrestricted Revenue Funds
9
D3
Designated Funds
Total charity funds		 2,006,885 2,006,885
2,006,885		 1,906,705 1,906,705
1,906,705

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 6.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

James Lunn-Rockliffe

Trustee Approved by the board of trustees on 9 December 2024

The notes attached on pages 14 to 17 form an integral part of these accounts.

13

Paul Lunn-Rockliffe Charitable Trust

Notes to the Accounts for the year ended 5 April 2024

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) ,effective January 2016, (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Risks and future assumptions

The charity is a public benefit entity. There are no significant adjustments to the entries in these accounts arising from judgements or assumptions made by the Trustees and no entries which may require adjustment in future periods.

Fixed Asset Investments

Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.

Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.

All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

14

Paul Lunn-Rockliffe Charitable Trust

Notes to the Accounts for the year ended 5 April 2024

4 Investment gains

Unrealised gains /(losses) and writing down of carrying
Listed investments - Unrealised
Total unrealised gains/(losses) etc
Total realised and unrealised gains		 Current year
Unrestricted
Funds
2024
£
values
122,719
122,719
122,719		 Current year
Restricted
Funds
2024
£
-
-
-		 Current year
Total Funds
2024
£
122,719
122,719
122,719		 Prior Year
Total Funds
2023
£
(128,863)
(128,863)
(128,863)

5 Remuneration and payments to Trustees and persons connected with them

There are no employees.

The trustees receive expenses reimbursements when claimed and there were amounts paid in 2024 of £NIL (£244 in 2023) from the charity during the year. They did not receive any remuneration from the charity.

6 Investments held as fixed assets

£
Carrying values of investments
At 6 April 2023
-
Additions
-
Revaluation at 5 April 2024
-
Writing down at 5 April 2024
-
Disposals
-
At 5 April 2024
-
Analysis between fair value and historical cost
Investments as above held at fair value
-
Investments as above held at historical
cost, less any write down
-
Total at 5 April 2024
-
Summary of other classes of investments at 5 April 2024
Loan
Investment properties
Other investments
Investments in
subsidiaries		 Listed
investments
£
1,588,524
-
122,719
-
1,711,243
1,711,243
-
1,711,243
-
-
-
-		 Other
Classes of
Investment
£
-
65,001
-
-
-
65,001
65,001
-
65,001
65,001
-
-
65,001		 Total
£
1,588,524
65,001
122,719
-
-
1,776,244
1,776,244
-
1,776,244
65,001
-
-
65,001

On 14 February 2024, the Trust made an unsecured loan of £65,000 for a term of five years to St Thomas, Lancaster Housing Projects, a registered charity. Interest is calculated at 2% per annum and payable annually.

15

Paul Lunn-Rockliffe Charitable Trust

Notes to the Accounts for the year ended 5 April 2024

7 Creditors: amounts falling due within one year

es to the Accounts for the year ended 5 April 2024
Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 500

8 Particulars of how particular funds are represented by assets and liabilities

At 5 April 2024
Investments at valuation:-
Fixed asset investments
Current Assets
At 6 April 2023
Investments at valuation:-
Fixed asset investments
Programme related investments
Current Assets
Current Liabilities		 Unrestricted
funds
£
1,776,244
230,641
2,006,885
Unrestricted
funds
£
1,588,524
-
318,681
(500)
1,906,705		 Designated
funds
£
-
-
-
Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
-
-
-
Restricted
funds
£
-
-
-
-
-		 Total
Funds
£
1,776,244
230,641
2,006,885
Total
Funds
£
1,588,524
-
318,681
(500)
1,906,705

9 Change in total funds over the year as shown in Note 8 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Total unrestricted and designated funds
Total charity funds		 £
1,906,705
1,906,705
1,906,705
Funds
brought
forward from
2023		 See Note 10
£
100,180
100,180
100,180
Movement in
funds in 2024		 £
-
-
-
Transfers
between
funds in 2024		 £
2,006,885
2,006,885
2,006,885
Funds
carried
forward to
2025

16

Paul Lunn-Rockliffe Charitable Trust

Notes to the Accounts for the year ended 5 April 2024

10 Analysis of movements in funds over the year as shown in Note 9

Unrestricted and designated funds:-
Unrestricted Revenue Funds		 Income
2024
£
57,643
57,643		 Expenditure
2024
£
(80,182)
(80,182)		 Other
Gains &
Losses
2024
£
122,719
122,719		 Movement
in funds
2024
£
100,180
100,180

11 The purposes for which the funds as detailed in note 9 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.

12 Ultimate controlling party

The charity is under the control of its trustees.

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