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|||P~ae|
|---|---|---|
|Report ofthe Trustees||1to4|
|Report ofthe Independent|Auditors|5to 8|
|Statement ofFinancial Activities|||
|Balance Sheet||10|
|Cash flaw Statement||11to 12|
|Notes to the Financial Statements||13to 18|
|Registered|charity number||292027||
|---|---|---|---|---|
|Registered|office||Bowland|House|
||||Philips Road||
||||Blackbuxn||
||||Lancashire||
||||BBI5NA||
|Trustees and key management||personnel|H A Caen|CBE|
||||CFahy||
||||HD Turner||
|Bankers|||Lloyds Bank Pic||
||||Blackburn||
||||Lancashire||
||||BB21JQ||
|Auditors|||Ainsworths|Limited|
||||Chartered|Accountants|
||||and Statutory Auditors||
||||Charter House||
||||Stansfield|Street|
||||Nelson||
||||Lancashire||
||||BB99XY||
|Stockbrokers|and investment|advisers|Redmayne-Bentley||
||||S-10Victoria Street||
||||Harrogate||
||||North Yorkshire||
||||HGI 1E||
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||||||Unrestricted|Restricted||||
|---|---|---|---|---|---|---|---|---|---|
|||||Notes|funds|funds|2022|2021||
|||||||f,||||
|Income||||||||||
|Donations
and legacies|||||425858|1,000|426,358||500|
|Investment
income|||||16,219||16,219|20,242||
|Total income|||||441 577|1000|442 577|20|742|
|Expenditure||||||||||
|Charitable
activities|||||382,197|1,000|383,19'I|231,766||
|Total expenditure|||||382 197|1000|383.197|231|766|
|Net gains/(losses)|on investments|assets|||466,459)||466,459)|92|745|
|Net expenditure|and net movement||in funds|||||||
|before taxation|||||407.079||(407079|(118|79)|
|Taxation|||||285||285|(1,522)||
|Net expenditure|and net movement||in funds|||||||
|after taxation|||||(406,794)||(406,794)|(119,801)||
|Reconciliation offunds||||||||||
|Total funds brought forwards|||||3,844,406||3,844,406|3,964,207||
|Total funds carried forwards|||||3,437.612||3437612|3,844,406||
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||||2022||2021||
|---|---|---|---|---|---|---|
|||Notes|||||
|FIXEDASSETS|||||||
|Investments|||||||
|Tangible assets||||173,949||165,999|
|||||173,949||165,999|
|CURRENT ASSETS|||||||
|Stock|||252,000||||
|Debtors|||68,000||1,590,000||
|Listed investments|||1,944,808||2,408,730||
|Cash at bank and in hand|||1.939,099||98 195||
||||4,203,907||4,096,925||
|CREDITORS|||||||
|Amounts
falling due within|one year|9|9411244||418518||
|NET CURRENT ASSETS||||3,263,663||3,678,407|
|NET ASSETS||||3437612||3 844,406|
|FUNDS|||||||
|Resnicted|||||||
|Unrestricted||||3,437,612||3,844,406|
|Total||||3437612||3844 406|
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|||Notes|31.12.22|31.12.21|
|---|---|---|---|---|
|Cash flows from charitable
activities|||||
|Cash generated
from activities||1|1,339,761|(i,(48,989)|
|Taxrepaid|||411||
|Net cash &om charitable
activities|||~840.272|(1.148,989I|
|Cash flows from investing
activities|||||
|Purchase ofcurrent asset investments|||(238,778)||
|Purchase oftangible fixed assets|||(7,950)|(166,276)|
|Saleofcurrent asset investments|||236,241|1,071,902|
|Interest received|||31|27|
|Dividends
received|||16,188|20,215|
|Net cash &ozn investing
activities|||5,732|925 868|
|Cash flows from financing
activities|||||
|Loan advances received|||495,000||
|Net cash from fmancing
activities|||495,000||
|Increase/(decrease)
in cash and cash equivalents|||8840904|(223.121)|
|Cash and cash equivalents
at beginning|ofyear||98,195|321 316|
|Cash and cash equivalents
at end ofyear||2|I 939 1199|98 195|
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||RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES||
|---|---|---|---|---|---|---|---|
|||||||31.12.22|31.12.21|
||Net expenditure
and net movement|||in funds||(40'7,079)|(118,279)|
||Finance income|||||(16,219)|(20,242)|
||Net gains on disposals ofinvestment|||assets||(6,792)|(5,737)|
||Net losses/(gains)
on revaluation|ofinvestcsents|||assets|473,251|(87,008)|
||Depreciation
and amortisation||||||277|
||Increase in stocks|||||(252,000)||
||Decrease/(increase)
in trade and other debtors|||||1,522,000|(910,000)|
||Increase/(decrease)
in trade and other creditors|||||26666|(8.000 &|
||Cash generated
from charitable||activities|||1 39.761|11 148989)|
|2.|CASH AM) CASH EQUIVALENTS|||||||
||The amounts disclosed on the Cash||Flow Statement in respect ofcash and cash equivalents||||are in respect ofthese|
||Balance Sheet amounts:|||||||
||Year ended 31"December 2022|||||||
|||||||31.12.22|01.01.22|
||Cash and cash equivalents|||||1.939.099|98,195|
||Year ended 31"December 2021|||||||
|||||||31.12.21|01.01.21|
||Cash and cash equivalents|||||98,195|321316|
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|2.|DONATIONS
AND LEGACIES|2022|2021||
|---|---|---|---|---|
||Donations
and legacies|426,358||500|
|||426 58||500|
|3.|INVESTMENT INCOME|2022|2021||
||||f||
||Dividends receivable on listed investments|16,188|20,215||
||Interest receivable on cash atbank|31||27|
|||16219|20|242|
|4.|ANALYSIS OF CHARITABLE ACTIVITIES||||
|||2022f|2021
f||
||Grants awarded||||
||Educational
activities|143,276|45,007||
||Religious activities|115433|100,755||
||Recreational
activities|4,000|||
||Support for activities ofyoung people|46,000|25,000||
||Donations to other charities|7500|10|236|
||Sub-total|316109|180|998|
||Premises expenses|1,458|||
||Bank charges|60||60|
||Depreciation|||277|
||Governance cost {seenote 5)|65,570|50,431||
|||383197|231,766||
|GOVERNANCE
COSTS|GOVERNANCE
COSTS|GOVERNANCE
COSTS|2022|2021|
|---|---|---|---|---|
||||f||
|Legal and|professional|fees|10,140|5,500|
|Management
charges|||50@30|34731|
|Auditor's|remuneration|—audit services|5,100|10,200|
||||65570|50431|
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||||Freehold|
|---|---|---|---|
||||property|
||COST|||
||At la January 2022||166,276|
||Additions||7,950|
||Disposals|||
||At 3le December 2022||174,226|
||DEPRECIATION|||
||At 1"January 2022||277|
||Charge for the year|||
||Eliminated
on disposal|||
||At 31"December 2022||277|
||NET BOOK VALUE|||
||At 31"December 2022||173,949|
||At 31"December 2021||165,999|
||DEBTORS|2022f|2021|
||Amounts
falling due within one year:|||
||Trade debtors|||
||Amounts
owed by associated undertakings|68,000|1,590,000|
||Prepayments|||
|||68000|1,590000|
|8.|LISTED INVESTMENTS|2022|2021|
|||f||
||Market value at beginning ofyear|2,408,730|3,323,652|
||Additions
during
the year|238,778||
||Disposals
during
the year|(236,241)|(1,007,667)|
||Net (Ious)lgain on revaluation|(466,459)|92,745|
||Market value at end ofyear|I 944 808|2408730|
||CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|2022|2021|
||Other loans|795s000|300,000|
||Accruals|71,000|44,400|
||Social security and other taxes|74,244|74,118|
|||940,244|418518|
##
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|ANALYSIS|OFNET|ASSET|S BET|WEEN FUNDS|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Total||Total||||||
||||||restricted||unrestricted||Total|funds||Total funds|
||||||fundsf||funds||2022f|||202)f|
|Fixed assets|||||||173,949|||173,949||165,999|
|Current assets|||||||4,203,907||4,203,907|||4,096,925|
|Current liabilities|||||||(940,244)||(940,244)|||(418,518)|
||||||||3437|612|3437||612|3,844406|
|MOVEMENT IN FUNDS|||||||||||||
||||||||Net||Transfers||||
||||||||movement|in|between||||
||||||At 1.1.22||funds||fuads|||At31.12.22|
||||||f||||||||
|Restricted funds|||||||||||||
|Unrestricted|funds:||||||||||||
|General|||||1,046,961||(361,438)||(307,084)|||378,439|
|Capital||||||100||||||100|
|Designated:|||||||||||||
|Grants payable|||||2,797445||(45856)||307,084|||3,059,073|
||||||3,844|406|(406.794)|||||3437612|
|Net movement|in funds,|included|in the|above are as follows:|||||||||
||||||Revaluations||and|Taxation|||||
|||Incoming||Resources|gains|oa disposal of|||||Net|movement
in|
|||resources||expended|investments|||||||funds|
|Restricted funds|||1,000|(1,000)|||||||||
|Unrestricted|funds:||||||||||||
|General||441,577||(336,841)||(466,459)|||285|||(361,438)|
|Capital|||||||||||||
|Designated:|||||||||||||
|Grants payable||||(45456)||||||||(45456)|
|Total||442 577||(383197)||466,459)|||285|||(406.794)|
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