THE RAINFORD TRUST (Registered Cl]arity No: 266157) Trustees, Re rt and Aeeounts for the ear ended 31 ulv 2024 THE RAINFORD TRUST Contents Trustees, report Auditors. report Statement of financial activities Balance Jhttt 10 Note5 to tbe aeeounts 11-15 Grants 16-18 THE RAINFORD TRUST Trnstees, re ort for the ,ear ended 31 Juli. 2024 The Trustees present their rery)rt along with the financiBI statements of the Rainford Trnst (the 'Charity') for the year ended 31 July 2024. The financial statements have been prepared in accordance with the accounting policies set out on pag¢s l I to 12 and comply with the Charity's Trust Deed the Chariti¢s Act 2011 and Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland effective 01 January 2019. Reference and administrative information Trustees Mrs A.Moseley Lady K Pilkington Mr D Bricknell Mr S D Pilkington Mr D C Pilkington Mr M Pilkington (from 06 March 2024) Mrs L F Walker Dr C Pilkington Mr J Pilkington Mr A Pilkington Ch4ritv number 266157 Executive officer Shirley Robinson Prinei al office Charity and SOCI￿ Enterprise Brabners LLP Horton House Exchange Flags Liv¢TpooI L2 3YL Auditors DSG Audit Castle ChambeTS Livetpool L2 9TL Merseyside Bgnkers National Westminster Bank Omiskirk Street St Helens Merseyside Inveslment man Brewin Dolphin 12, Smithfield Street London ECIA 9BD THE IIAINFORD TRUST Trustees, re rt for the ear ended 31 Jul 2024 eontinued Structurfy governvdnce and management Thc Rainford Trust (Registered Charity No 266157) was established on 24 July 1973 and is an ¢xpendabl¢ cndowment fijnd. Under the Twst Deed the trustees have absolute discretion and unrestricted powers of inveslment. Th¢ TTh￿t Deed provides for a minimum of S and a maximum of15 trustees. A decision to appoint ncw trustees would be tsken by tn￿tee$. The induction process for any newly appointed trustee comprises an in depth briefing of the bistory and philosophical approach of the Charity, and of governance and administrative issues. The trustees review the risks to which the Charity may be exposed and the systems put in place to mitigate those risks. Objectives And aetivities The Trust'ts objectives are to apply money for cbaritable purposes and to charitable institutions within the St Helens MBC are4 and other places in the UK and overseas where Pilkington has employees. This does not prejudice the trustees, discretion to h¢lp cbarities which operate outside of these areas. The charitable purposes include the relief of povety, support for older people, the advan¢ement of health, education including tbe ar￿ and other PUryKlS¢S with wide ben¢tit forthe community such as environment and ¢onservation proj¢cts. For the year to 31 July 2024, the trustees followed the broad pattern of grant n]aking as in previous yeat3 and An accordance with the Tr4]st DeeiL When agreeing the objectives, the trustees have given due regard to the guidance, as issued by the Charities Commissio￿ relating to public benefit. Activities for the year support th¢ strategic aims and ensure trustees. decisions are carried out in an efficient and effective Tnanner. Grant making policy Th¢ Rainford Trnst invites applications for grants via its website and directories $u¢h as The Directory of Social Change and through Halton and St Helens VCA. Many organisations in receipt of grdnts from The Rainford Trust publicise lists of donors, which also belps to raise the profile of the Trust. Th¢ main body of trustses usually meets three times a year in Nov¢mb¢r, March and July. The trustees consider appeals made to the Trust for grants, and review decisions by the Appeals Conunittee. The Appeals Conllnittee is made up of one tn]stee and one co-opted member from the local community, as allowed for in the Tn￿t Deed. The Appeals con￿1]ttee, Mthich meets approxin￿telY 10 times per year, Can refi￿e. grant or pass on an ap￿al to the trustees. All app￿S grnnted and rejected by th¢ Appeals Committe¢ are reported at the next meeting of the main body of trustees. THE RADTrORD TRUST Trustees, r rt for the ear ended 31 Jul . 2024 eontiDued Aebievements •lld performance In the year to 31 July 2024, the Trust awarded 82 grants (to 75 beneficiarie8) with a total value of £262, 123 acn)sS Its charitable activities as follows: Charitable aetivity Grants awarded Welfare 155,438 78,500 22,685 Humanities Education Medical 2,000 Environmental 3,500 Totsl 262,123 The St Helens MBC area r￿e1ved 39% of the total value of grdnts awarded, including: £75.000 to The World ofGlass £5,000 to the Halton and St Helens Voluntary and Comtnuaity Action Food Panty £4,435 to Amie Reid £2,250 to Abi Lambe £2,000 each to the HOPE Centre, Omiskirk Street Pastors and the Op¢n Arts Competition £1,500 to the St. Helens District Group of Advanced Motorists and Momo's Cafe Grants of £1,000 to six other charities. Charities for national and regional benefit in the UK received 37.50/0 of the total value of grnnts aWa￿ed. £16,000 to Cionter Opera Theatre £IO.000 to Whiston Willis Primary Academy £8.500 to Been There £5,(NM) each to Tom's Trust, The National Association for ChIld￿n of Alcoholics, and Spinal Muscular Dystrophy £3,000 to Melanoma Focus Grants of £1,000 to £2000 to a tllunber of other charities. UK charities benefrting overseas projects received 23.5 /0 of the total value of grants.. £10,000 to The Shelterbox Trnst £5,000 to C&A Pilkington Tn￿t Fund for PilkiDgton Pensioners in South Africa, Professors without Borders, Women and Children First, H¢aling Little Hearts, Pump Aid Malawi and the John Fawcett Foundation £3,250 to the Frank Water Proj¢¢ts Ondia) £3,000 to Village Water (M07ambique) and Hope and Homes for Children Grants of £l.000 to £20(K) to a number of other charities. A ￿1] list of grants is provided on pages 16 to 18 of the fmancial statements. THE RAfNFORD TRUST Tru5tees' re rt for the ar ended 31 Jul 2024 eontinued Financial review The Trust is reliant on the income from investments to provide the majority of its resourccs. The annua] inc0￿e from investments was £331.008. All grants were paid out of Income r¢ceived duTiDg the year. The market value of investments at 31 July 2024 is £652,951 higher than as at 31 July 2023. This reflects ongoing uncertainty and volatility in the world markets in the last few ycars. Auditors The tnL8tees have confirnled that, so far as th¢y arg aware, ther¢ is no relevant audit inforn]ation of which the Trust's auditors are unaware and that they have tsk¢n all steps that they ought to have taken as tn￿teeS in order to make themselveg aware of any relevant audit infornmtion and to estsblish that the Trust's audito￿ are aware of that infomifttion. DSG resigned as auditor on I I September 2024. DSG Audit were appointed on I I September 2024 to the Trust. Investment policy and performance There are no restrictions on the charity's tK)wer to invesL The trustees have adopt¢d a policy to acbieve the best Optimum retum from a broad spread of investments and have not imp)sed restrictions on the type of investments in the portfolio. The policy is to adopt a medium risk investment strategy based on a balanced mixture of incom¢ and growdL The tru8tees use the services of Brewin Dolphin as investment managers and regularly review their perforniance. Reserves polR¢y A r¢serves policy has been agreed by the trustees that will enable the Trust Fund to generate a level of income to allow more or larger grants to be given wher¢ appropriate. The t￿￿te¢S consider it important that tbe capital value of the funds is maintained to generdte revenue returns that will fund the Charitable grant making. As an endowed Charity it is acknowl¢dged by the trustees that expenditure of both capital and income is allowed to meet the charitable objectives. Plans for the future Thc tn￿tee8 plan to make granls in accordance with the objectives in the Trust Dee(L The trustees will keep in mind the grant making policy they have developed and continue to review this with ￿gard to the Charity Commission's general guidanGe on public benefit. THE RAINFORD TRUST Trustees. re ort for the Ar ended 31 JulTr' 2024 eolltiDued Trustees re8pon8ibi1Stie8 in rdation to the finaneiAI statements The trustec5 are Tesponsible for preForing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingth)m Accounting Standards (United Kingdotn Generally A¢cept¢d Ac¢ounting Pr¥tice). The law applicable to charities in England and Wales requires the tn￿tee8 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Cbarity and of the incoming resources and application of resources of the Charity for that period. In preparing these finan¢i&l statements th¢ trustees are required to. select suitable accounting ￿1]IcIeS And then apply them consistently, observe the methods and principles in the Charities SORP 20L9 and FRS102. make judgements and estimate5 that are rea￿able and pnjdent. state wbetlH applicable accounting standards have been followe￿ subject to any matfflial departure8 disclosed and explained in the fU￿n¢181 ststements: and prepare the fuwicial 8tatem¢nts on a going concern basis unless it is inappropriate to assume that the Charity will continue in operation. The trustees are responsible for keeping proper accounting record8 whi¢h disclose with reasonable accuracyal any time the fulancial position ofthe charity and enable them to ensure that the fmancial statements comply with the Charities Act 2011, the CIwity (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 foi taking ￿aSonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the trustees on 21 2024. And signed on behalf of the tnlstees THE RAINFORD TRUST Inde tndent Auditors, Re ort to the Trustses of The R*iDford Trust Opinlon We have audited the fmancial statements of The Rainford Trust (the 'Charity') for the year ended 31 July 2024 which comprise ih¢ Statement of Financial Activities, Balan¢¢ She& Imd notes to the f￿ancial statemenK iti¢ludin8 a summary of significant accounting policies. Th¢ financial reporting framework that h&$ been applied in their pr￿aration is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Rep)rting Standard applicabl¢ in the UK and Republic of Ireland (Unitrd Kingdom Gcll¢rally Ac¢¢pt¢d Accounting Practic¢). ITh our Opinio￿ the financial 8tatements: give a true and fair view of thc state of the chatity's affairs as at 3 l July 2024 and of its incoming resources and appli¢ation of resouw¢s for the year then ended. have b¢¢ll properly prq)ared in accordance with Un&ted Kingdom Generally A￿epted ccounting Practice" aud have prepar¢d in accordance with the requirenyents of the Charities Act 2011. Basis for opinRon We ¢oDducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) alld applicable law. Our respoasibiliti¢s under those standards are fvrtbcr described in the Auditor'8 responsibilitic5 for th¢ audit of the finan¢ial statements section of our ryorL We ate ind¢p¢ndent of the charity in ac(x)rdance with ethical requirements thal arc relevant to our audit of th¢ financiaI gtatements in the UK in¢luding Ihe FRC'S Ethical Standard, and w¢ have ￿lfilled our other ethical responsibilitiu ID accordane¢ with these r¢quirements. We believe that th¢ audit evidence w¢ have obtained is sufficient and appropriate to provide Y4 basis our opitiion. Conclusions rthtinE to going eomeern We have nothing to report in r