DU$19Th EnveloKt ID. 4373o761.8836_4A9A_83C8C0w4DAoAD H J RAWLINGS TRUST UNAUDITED ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 CHARITY NUMBER - 265690
Oo¢usign Envelope ID". 43730781-883&4A9A-83C8-OC09A34DAOAD H J RAWLINGS TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 TH The Trustees present their annual report and financial slalements of the charity for the year ended 301h September 2024. The financial statements have been prepared in accordance with the charity'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 Reporting Standard applicablè in the UK and Republic of Ireland (FRS 102). OBJECTIVES AND ACTIVITIES The objective of the charity is the relief of persons who are in need, hardship or distress. A preference is to be given to employees and ex-employees of John Holt and Company (Liverpooll Limited and of any other company which the trustee may in its absolute discretion from time to time determine to be a subsidiary of or associated in business with John Holt and Company (Liverpooll Limited and the widows, children and remoter issue and dependents of such employees and ex- employees. Grants are also made to organisations towards work with persons who are in need, hardship and distress. Public Benefit The trustees have given consideration to the Charity Commission guidan on public benefit. ACHIEVEMENTS AND PERFORMANCE Investments have been managed throughout the year by the Inveslrnent Managers, with performance being monitored by the trustee. The trusl has therefore been able lo maintain its grant making programme. FINANCIAL REVIEW Total income of £37,520 {2023'. £30,965} was received during the year. This funded grants of £14,46012023.' £28,940) to charitable organisations. At the year end the Irust fund was valued at £1,255,164 {2023.' £1,113,943). Reserves Policy The trust deed permits the spending of capital,. the trustee has, however, agreed to retain the capital for the time being and lo invest il to produce income to rrake grants. The trustee is rranaging the reserves lo balance the needs of current and future beneficiaries. 11 is not anticipated that the needs of beneficiaries will diminish over time. Investment Policy and Powers: The trust deed permits the spending of capital,. the trustee has, however, agreed to retain the capital for the time being and to invest it lo produce income to make grants. The trustee is managing the reserves to balance the needs of current and future beneficiaries. It is not anticipated that the needs of beneficiaries will diminish over time. Risk Management: The main risks to which the charity is exposed as identified by the trustee have been considered and systems have been established to mitigate those risks.
Docusign Envdope 10". 43730761-8836-4A9A-83C8-OCOgA34DAQAD H J RAWLINGS TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 TH Plans for The Future The objectives remain unchanged for the future., the intention is for continued investment management on a consistent basis and distribution of income in accordance with the objects stated above. Structure, Governance and Management The Irust was established by the Will dated 261h March 1965 of the late H. J Rawlings, who died 5th June 1972. On 191h November 2001, a Charity Commission Scheme replaced the Will as the governing document charity number 265690. The objects of the scheme have been broadened and are set out above (see Objectives and Activities). The trust is administered by its coiporale truslee Liverpool Charity and Voluntary Services. REFERENCE AND ADMINISTRATIVE DETAILS Name H J Rawlings Trust Charity number 265690 Principal Offi LCVS 151 Dale Street Liverpool L2 2AH Liverpool Charity and Voluntary Services (LCVS), a corporate trustee, which is incorporated under the Companies Act as a company limited by guarantee without share capital as company number 181759, a registered charity. number 223485, and a charitable Trusl Corporation. LCVS trustees, who are also its directors, were as follows during the year. Sonia Bassey MBE Mike Thomas Dorcas Akeju Sonia Bassey MBE Maxine Ennis Anna James Dr Hardamanjit R Kaur Ken Perry John Price Anne Reading Michael Salla Louise Scholes Gemma Shone James A Sloan Neil John Sturmey Mike Thomas Investec Wealth & Investrnent Port of Livorpool Buildings Pier Head, Liverpocil, L3 1 NW Trustees Chair Treasurer Trustees (Appointed 17th October 20241 (Appointed 17th October 20241 {Resigned 2nd September 20241 (Resigned 4th November 20241 (Appointed 17th October 2024) (Resigned 30th June 2024) Investment Manager
DIKu5ign Envelope ID". 43730761-88364A9A-83C8-OCQgA34DAOAD H J RAWLINGS TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 TH Independent Examiner Paula Sanchez ACCA Score Lane Liverpool, L16 5EF The charity trustee is responsible for preparing a trustee's annual report and financial stalements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally ACpted Accounting Practice}. The law applicable to charities in England and Wales requires the charity trustee to prepare financial statements for each year which give a trLJe 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 the financial statements, the trustee is required to.. select suitable accounling policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures thal musl be disclosed and explained in the financial statements., prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charily will continue in business. The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. It is also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustee and signed on its behalf by Mike Thomas, Trustee 27/04/2025
INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF H J RAWLINGS TRUST I report lo the trustee on my examination of the accounts of H J Rawlings Tru81 ('Ihe charity,) for the year to 30th September 2024, which are set out on pages 7 to 13. Responsibilities and basis of report As the trustee of the charity, you are responsible for the preparalion of the accounts in accordance with the requirements of the Charities Act 2011 I'the 2011 Act'i. I report in respect of my examin2tion of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an audiloi considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, l express no opinion as lo whether the accounts present a 'true and fair Vie and my report is limited to those specific matters sel out in the independent examiner's statement. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention ill connection with the examination giving me reasonable cause to believe that in any material respect.. accounting records were nol kept in respect of the charity as required by section 130 of the 2011 Act., or 2. the accounts do not accord with those records,. or 3. Ihe accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Name.. Paula Sanchez Name of applicable listed body.. Association of Chartered Certified Accountants Relevant professional qualification or body.. ACCA Dale.. . 5th May 2025
Dog Envdope ID. 4373O761-8836-4A9A-83C8cO9A34DAoAD H J RAWLINGS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30YH SEPTEMBER 2024 Unrestricted Funds Capital Funds 2024 Notes Income Funds 2024 Total 2024 Total 2023 Income from: Investments 37,520 37,520 30,965 Total inc'ome 37,520 37,520 30,965 Expenditure on: Charitable activities 23,170 23,170 38,110 Total expenditure 23,170 23,170 38,110 Net incomel{expenditurel 14,350 14,350 {7,145) Net gainl(lossl on investment assets 126,871 126,871 30,895 Net movement in funds 14,350 126.871 141,221 23,750 Reconciliation of funds.. Total funds brought forward 1,156 1,112,787 1,113,943 1,090,193 Total funds carried forward 15,506 1,239,658 1,255,164 1,113,943 The notes on pages 9 to 13 form part of these accounts.
Ottusign Envelope ID.. 43730761.8836_4AgA_83C8-OCOgA34DAOAD H J RAWLINGS TRUST BALANCE SHEET AS AT 30TH SEPTEMBER 2024 Notes 30th September 2024 30th September 2023 Fixed Assets Investments 1,239,658 1,112,787 Current Assets Cash balance 22,936 7,576 Current Liabilities Creditors (7,4301 16,420) Net Current Assets 15,506 1,156 Net Assets 1,255,164 1,113,943 The funds of the charity: Unrestricted Funds: Capital Funds Income Funds 1,239,658 15,506 1,112,787 1,156 1,255,164 1,113,943 Approved and authorised for issue by the Trustee and signed on its behalf by DoCus*ed by Mike Thomas','Yrustee 27/04/202 5 Dated..
Docusign Envelope ID". 43730761.8636_4A9A_83C8-OC09A34DAOAD H J RAWLINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 1. ACCOUNTING POLICIES Basis of Accounting The financial statements have been prepared in accordan with the Statement of Recommended Practice.. (SORP 20191 Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland {FRS102} and Charities Act 2011. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notels) to these accounts. The trust constitutes a public benefit entity as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concern Al the time of approving the accounts, the trustee has reasonable expectation that the charity has adequate resources to Continue in operational existence for the foreseeable future. Thus the trustee continues to adopt the going concern basis of accounting in preparing the accounts. Investments In accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities (SORP 2019), investments held as fixed assets are slated al fair value. Realised and unrealised gains and losses are dealt with as movements on the Capital Fund. Investments are valued at the mid-market price on the valuation date. Fund accounting Unrestricted funds are considered 'free' reserves and are available for use or retention at the discretion of the Trustees, in accordance with the charity's objectives. Free reserves are undesignaled funds available for the furtherance of the general objectives of the charity. Income recognition Income from investments comprises dividend income and interest and are accounted for when reiVed in the financial year. Donations are recognised at the earlier of notification or dale of receipt, in the case of the third-party donations and legacy income when received by the organisation. Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive c)bligalion committing the Charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses, including support and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.
DSIgn Envdope ID." 43730761-8836-4A9A-83C8-OCOgA34DAOAD H J RAWLINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 Raising funds costs relate to expenses incurred in the management of the investment assets. Charitable activities include grant funding, along with associated support costs, to beneficiaries. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity. Governance costs relate lo compliance with constitutional and stalulory requirements and specifically include a11 costs incurred by the charity in producing the Annual Report. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid inveslments wilh original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '01her Financial InslrutTr)ents Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction cosls and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future receipts discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortlsed. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Taxation The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. Partial recovery is made of tax credits on UK dividend incorne. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. io
Do¢usign Envelope ID. 43730761.8836.4AgA-83C8.OCOgA34DAOAD H J RAWLINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 Critical Accounting Estimates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where Ihe revision affects only that period, or in the period of Ihe revision and future periods where the revision affects both current and future periods. 2. Income and endowments from: Income Funds 2024 Capital Total Total Funds 2024 2024 2023 b. Investments Investments dividends and interest 37,520 37,520 30,965 3. Expenditure on charitable activities: Analysed as follows". 2024 2023 Direct charitable expenditure.. Grant funding Grant support administration costs - LCVS Grant making administration costs - 14,460 4,950 28,940 5,500 LCVS 3,050 3,020 22,460 37,460 2024 2023 Support & Governance costs." Independent examination Administration - LCVS 310 400 250 400 710 650 Total expenditure on charitable activities 23,170 38,110 li
DO¢gn Envdop8 ID 43730761-863fAA9A-B3C&OC09A34DAOAD H J RAWLINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 During the year the following grants were made.. Grants to organisations of £1,000 and over Breckfield & North Everton Caring Connections MY Merseyside Community Training Plus One Community Learning CIC The Hope Foundation 3,000 3,000 2,000 2,520 1,500 12,020 2,440 Grants under £1,000 14,460 4. Fixed Asset Investments 2024 2023 Quoted Investments: Market value al 1st October 2023 Unrealised gainlllossesl on investment assets 1,112,787 126,871 1,081,892 30,895 Market value at 30th September 2024 1,239,658 1,112,787 Book value at 30th September 2024 730,453 730,453 The Trust holds 1000/0 of ils investments in a Charity Commission approved pooling scheme, the Settlors, Trust Fund ISTF), administered by Liverpool Charity and Voluntary Services and managed by Inveslec Wealth and Investment. At 30th September 2024, the assets of STF had a total market value of £33,907,87512023'. £30,684,344) of which £1,239,658 12023.. £1,112,787) is an asset of the trust. All investments are held primarily to provide an investment return. 5. Creditors 2024 2023 Administration - LCVS Independent examination fee 6,870 560 6,170 250 7,430 6,420 12
Docusign Envelope ID." 43730761-883&4A9A-83C8Co9A34DAOAD H J RAWLINGS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30YH SEPTEMBER 2024 6. Unrestricted Funds Income Fund.. Investment income 2nd donations received for distribution as grants lo charitable voluntary organisations. Capital Fund.. Funds held provide income for the ongoing activities of the trusl. 7. Related Party Transactions Charitable activities.. these include £4,95012023.' £5,500) grant making support costs and £3,050 (2023.. £3,020) grant making administration costs payable to LCVS and also a grant of £nil 12023.. £12,500) to the LCVS Aid in Sickness Fund, £nil 12023.. £14,000) to the LCVS Everyday Changes Fund Support and governance costs include £46012023.. £400) payable to LCVS in respect of accountancy and trust administration. Creditors.. these include £6,93012023.' £6,170} owing to LCVS at the year end. LCVS is related to the Trust by virtue of being the Corporate Trustee. No trustee received remuneration or expenses as part of their role as Trustee of the charity. 13