Re•d Chlty Num1 154667 EQUITABLE CHARrrY TRUST Financial Statement For the'year ended 31 March 2024 ¥* SEFTON YODAIKEN & CO CHARTERED AccouwfANTS Fairways House Manchester M25 9WS
.Eq1iitable awltable TtUgt¥ Charily Intornutson HSBC 8 High Street Manchester Mfl) 4DJ i&efman Rose & Co 94 Bury Old Road Fainyays House George sttt Prestwich Manchester M25 9WS 4JJF Page I
'ttitab Chayitsble Tntst• Annual Report For the y&ir ended 31 Match 2024 The Equitabk chitable TtO8t is eOt&tittrtèd by Iyeed of Ttust and 18 a ¥egi8teFed charity, number 26167. Its addresg ts at New Riverside Mou8e 4¥9 Lower BToushton Road SalfoTd IthA Vaisfjthe The obie¢t of the èharity 18 to provid&aSsistan. To support educatiohal eStsblisl%ti. to support relisious educatlo The &4winistr&tion of thp tr4¥t is carjied out by the Tntstees. The income of the dwity h re¢eiv.ea by way of fkn Al donation8 ts)tsres¢ • divadetsd& The Tntstees examine allEraiit applications and they decide on the level of grant to be n)ade depending on the cause and the level of reserves. The tntstses have assessed. the mafv)r tisks to which the charity is exposed, in particuTat th08e related to the opelatiohs and fitsan of the charity, and are sati8fied thAt tystems are In place tb mittgafr the rAsks. Grant Maklng Policy The eharity is fded bydonations and also from inv2stn*nt intothe. The charity sives o grants iti litie with the abDtré objectives and, in accordatt¢e with.the charities grant makin.5. Poll¢y-. The tr[eoAflr4l thpit compliance, the 4utyto"liaYe due regard"ts) the pubhc benefit..glllda published by the ChaTity cOnlOn when reviewi the charltKs ain and objectives arka in plantiin&its future aetivities. Pase 2
.Equitsble Chatitable Trust. Thitees Ileport For the yeat ended 31 Match 2024 The charity retrived £55,OIKI in donation8 during the yegr. Grgnts..gtven the year totalled £132ffi1. The grnts were al InpacCordan the clwities obpetive& In the curxent yeT the thartty was succeygful in llLeetin8 its aiu rnveBtmetst The charity has a potfo]lo of investsnent properties. The rentsl income derived is to create an incoxne streath for the eharjty. The chaTity's invesljnont proFe8 are irtcluded in the witli the trustees best estiLTate of market value at the balatt sheet date. The triiste.es have, extensive experience ih the field 0£ property AnveslJnent ,and val"'uation wbich has, Investment Powers and Policy Ih attordanee with the trust deed, the ehatity has powér to make any iThvestmuAts wblth the thLgleeg &ee fit The trustses resularly revllew the ch18 position and needs in respect of the knvÈBtynt poHcy. Re8aTe• Po]icy It 16 the polley of thé charity tt) ttiathtakn unrestrAtted fimds, which are free reserves of the at A level which the trust8 think .approp,iryate after consideth8 the future coffunthents of the clwityond Jthely costs of the chaT4ty for the lxtYear. For and sigfied orL behalf of the Board of Trustees. 9 Deber 3)24 Pa8¢ 3
.EquitableCharitableTrii8t IlePendeTrt Examinerfs'Report to the Tru8tee8 Foz the year ended 31Marth 2024 We repDrt on the accounts of the Trust for the year aded 31 March which aft sét out on pages 5 to 6. Re8pedlve Tè8POi1bll1lI8 of tntsteeb and exatijirter As the dwitys tiiustees you are Te8ponsible for the pwaration.. of the accourtts. You consider that the audit requirenient of seclton 144 0£ the aiarities Act 2011 (the Aet> does not appty. It iy my responslbility to state, on the basls of Pr(KedU specifie(l in the General Dlrectiorn8 given by the Charity Cotiunissioners under section 145(5)(b) of the Act, whether partteularmatters have.come tD my attention. My eXaMition wa8 carried out in acrordante With the GenEr Directtons given by the Ckwity Cornu. An examination includes a teview of the col1n11rlg reeords kept by the chaTaty and a compfifison 0£ the accounts presented with those records. IQ also ineludes eonglderatson of any WiUgUAI lten disdosures in the accounts, and seekitig explanations from you as trustees ConCeS any such lfiaUErs. The prOaure$ tsndertaken do not provide thgevidence that would be required in an audi¢ and conseqventty 40 not xpress an 41t opimion on the view giveiiby the accounts. (l) lthich sives me reathable cwse to believe that iti kny matetial respect the requirem<s It) keep aLrou recoTds in aLrdan with section 130 of the Ad. and to pTepe accounts which accord with tl accounlitig record& and tD compty with the accounth¥ reqUIreu1t of the Act {ll) (2) to whidb in my Opinto attention should be drown in order lo enabk * proper undeTSt8nding.of the,aCgO&y.tsp Ly..TeacW.. . x ¥*¥ Mr. S. Yodaiken 9 Decetnber X)24 SÈFTON YODAIKEN & CO CHARTERED ACCOUNTAl4ll5 Falrways Hou5E GeoTge Street PtestwKh Manchestet Pag¢ 4
•Equttable Cjwitable TTr. Statement of Flnanaal Activitles FOT the year en&d 31 March 2024 2024 20L8 Io¢ott¢ IV8oiirce8 Yoluntary inwine Investoient itwon 633x1 IfA),942 215.021 132I61 1886 14617 120A15 149264 14Tn Net surplus for the yea Surplus B/F 65fi57 15806,063 1,724198 Sui*ius C/F 1,8n,720 IW6,(b3 Page 5
.EqwTrableClJaritsble TnJ8t• Balance Sheet as at 31 March 2024 Not 2024 Fl¥ed4¥t hiy&tiintprowbeB IDV.esfnMts- U1sted 1.576,149 1376,149 lftvffitmattalst io 199,947 297217 io 88,931 io atbat 497,174 ISAX) 43Z526 (6,LKS} li 491174 42017 TO assÈtsles8 e6YréE&f.Ii•bilities 3.027,cr73 2,96L416 Umvtt&ted fund&" Capitalattounts 79,6Lg IAJ75.no 106. L075,no i;m,720 3.027.(Yr3 1961A16 Approved by4e 9 Dember 2024 and 8iyd on thetr Eha]f.
.E4Uitabfr Charitable Tll+ Fot the yeaT ended 31 March 2024 l. Ac¢ountiDg Pollde bydtstltttsiawAti¢s SOBJ> 102lffjd.. tk&Ch4rities Aet 20JII 1.1 Rentsi aneome as Induded In Incoll as ana wknit is due. 12 Cbart.trble 4onotlons. a full jist IB w•ilabIe froth the tru8te88 2D24 Don4tii)ns welyed Ihve8lnltht itieome 2024 136,151 144,588 Dividends received Bar& interestr1Ved 1.514 137.6&5 160,942 2024 Bank charges 1,912 2024 (5I124) 147(VJ U.175) 11.Q93 2579 776 20,450 Page 7
•Equitable Charitable Ttust. NDtes to the Financial Statements (conyd ) For the yeat ended 31 MaTcIL2024 7. InYo8tment A88el•. Freehoia Trqp B/F Additto I6,149 I76,149 B/F & C/F 958,750 Dtse to the urnErtainty of thE PrnFwty rnaTket the TFu8tses have difficty kn ascertaithg a 10. Debtws 2024 Trade debtOTS 174.132 s80 199,947 88.931 11. cedhol&. 4tnounts falling due within one yeaTr 2024: Tradethditor8 Deposit No remunerakniwas paxd attd tto'expeThRs were reimbursed to the Trustees durin8 the year. Pg£e 8