FIINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 REGISTERED CHARITY NO: 327021
FINANCIAL STATEMETrrrs FOR THE YEAR ENDED 30 SEvfEMBER 2023 Legal 2nd administrative details Report of the Trustees Report of the independent examiner Piinapal accounting pojicies Statement of financial activities Balance sheet Notes to the fllllncial ststements 8-10
WEST LANCASHIRE MARK CHARITY FUND LEGAL AND ADMINISTRATIVE DETAILS RcgAStetcd ChatAty Numbet 327021 Addre88 c/0 25 Hough Lane LEyland Lxncxghire PR5 2SB Trustees K A Bvatdmote P Connolly M J Clarke GHLee Comnllttee K A Btrar(Imote P Connolly GHLee M J C12tke G F Betkley {Ch2itman) J C Bicknell M M Ev2ns (Hon Tteasutet) L F Norton P H Taxffe EJ Sarti C Hughes (Hon.Sectetary) Hon Tteasutet M M Evans Hon Sectetary C Hughes National Westininster Bank PIC City Office 22 Casde Street LiveLpooI L69 2BE Indcpendcnt Examinct D J Hudd FCA Livesey Spottiswood Registered Auditors & charted Accountants 17 George Street St Helens mseyS1de WAIO IDB
WEST LANCASHIRE MARK CHARITY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEiyfEMBER 2011 The Trustees present tbeir report together financial ststements for the yexr ended 30 September 2023. Objectives and Otganisation West Lc3Shiie Mark Charxty Fund was established by a Declaration of Trnst dated 2 June 1985 and ts iegigtered with tbe Charity Con)mission No. 327021. The object of the Furnd is to taise fL]nds for the benefit of Such Masonic ehatities or other charitsble institutions. societies and objects. as the Committee shall from time to litne dJtecL The Jnanagement 0£ the Fund is under the control of the Comn]ittee. Committee and Ttustees Members of the Con]mittee at the end of the year are listed below.'- K A Beardmore P Connolly GHLEe M J Clarke G F Berkley (Cb*itinan) J C Biclinell M M Evans E J Sarti L F Norton P H Taaffe C Hugbes The Hon Ttexsurer dUg the year was M M Evxns and tbe Hon Secretary wxs C Hugbes. The TThtees ate K A Beardmote. P Connolly, M J Clarke and G H IEe. The chatiry is administered by the Con]ti)ittee who meet regularly throughout the year. All Comn)ittee membets tetire by rotation eich year and nydy stand for re-election. Election of TnteeS and Committee membets is by eKisiing Tmstees and Committee tnembets. Within the Committee and Trustees there is * wide range of expertise exPienCe. Fitiancial Review and Statement of Policie$ The Xtt2ched Snancial statements show the current state of the finances, which the Trnstees consider to be sound. The Charity bad incoming resources of £29,533 (2022: £32.893) and outgoing expenditute of £27,562 (2022: £30.053). excluding unrealised ga]ns/Q ) on itLvesth]ents. iesulting in net incon]ing resoutces of osses £1,971 (2022.. £2,840). The tesources expended comptised £21,325 (2022: £26,032) of grants and donations made to other ch2tities in accotdance with the Ckwity's objectives, 2nd £1,584 (2022: £1,321) on its management and admjnistration.
WEST LANCASHIRE MARK CHARITY FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEvfEMBER 2023 (continued) Investment Pollcy The committee meets regrIY to considet the chatity's fUnclg position and throughout the year funds h2ve been had in intetest beating accounts with the charity's bankets) yielding a return of less than I'/0. In addition, there is a poitfo]io of investtnents managed by Investcc on behalf of the Chty. Public Bettefit Thc Tmstcc's Report and the Finaocial St2tementS 2re ptepated having due rewd to the Chatity CommisSLoll5 guid2nce on public benefit and demonstrate how the otganisatiot]'s objectives. activities and perforniance meet these requirements. Reserves Policy It 15 the policy of the charity to hold tesettres in Lts unrestticted funds in order to establish an appropriate level of working capital and to piot¢ct the tre operations of the chxtity ftom the effects of 2ny unfoteseen xnd material vxtiations in its income stre2n, as Part of a po]icy of good financial management. Risk Management The TteeS continue to be awate of theit t¢sponsibiJity regarding risk mxn2gement 2nd meet regularly to continue to ptofile risks, examine controls 21teady in place and embed controls to mitigate signifiCt nsks. Trnstees, Responsibillties for the Financial Statements Charity law requites the Trustees to PTepate financial statem¢nts for each financi21 yext, which give # true and fair view of the financial activities of the chlty during the year and of its fmanaal position at tbe yeat end. In Preparing those financial ststements, the Trnstees should follow best practice and: select suitable xccounting policies and then apply them consistendy. make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to ptesume thxt the charity will continue in operation. The Trnstres are responsible for keeping proper accounting records, which disclose with reasonable accuracy the financigl Position of the charity 2nd which enxble them to 2scert2in the financial position of the charlty and to ensure that the financial statements comply t the Charities Act 2011 and regulations thete under. They ate also responsible for safeguarding tbe assets of the charity and for taking teasonable steps fot the prevention wd dctcction of lld and othet ittegLthities. ON BEHALF OF THE TRUSTEES K A BeardmoIe Trustee
WEST LANCASHIRE MARK CHAIUTY FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 I tcport on the accounts fot the Ye ended 30 Septembei 2023, set out on pages 5 to 10. Rcspcctive Rcsponsibijities of Ttustees and Examinet The charity's trSteeS ate responsible fot the pteparation of the accounts. The cbatity's trustees consider that auiht is not requited for this y¢2t (uttder Section 144(2) of the Ch2tities Act 2011) 2nd that independent examination is required. Having satisfied myself that the cbarity is not subject to audit undet chuity law and is eligible fot indepcndcnt ¢X2mination, it is my tesponsibi]ity to: exatnine the accounts under Sectiott 145 of the 2011 Act to follow the ptocedures kn"d down in the General Dir¢cti0tt5 given by th¢ Chatity Commission (under Section 145(5)0)) of the 2011 Act). and to st2te whethet P2rticu12t mattets have come to my attention. Basis of Indcpcndent Exatnine£s Report My ex1n#tion was catried out in accordance with the Gener21 Directions Ven by the C]lry CotKllnis5ion. An examination include5 a teview of the accounting records kept by the charity and a omp2rison of the accounts pt¢sented Rvith those tecotds. It also iticludes consideration of any unusu21 items ot disclosures in the accounts, and seeking explanations frotn you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, 2nd consequendy no opinion 1$ 8iven as to whether the accounts present x 'trne and fair view, and the report xs Ixmxted to those matters set out in the statements below. Independent Examinees Statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe tha¢ in any mxtetial respec¢ the tequirements to keep accounting tccotds in accotdance wxth Section 130 of the Chatities Act. to pIepare accounts whj.ch accotd with the accounting iecoids to comply with the applicable requirements set out in the Charities (Accounts and Reports) Rcguiations 2008 have not been meL or to which, in tny opinion, attention should be drawn in order to enable 2 propei understanding o the accounts to be re2ched. DavAd Hudd BA FCA Livcscy Spottiswood Charteted Accountants St Helens Metseyside WAIO IDB
WEST LANCASHIRE MAJU( CHAIUTY FUND FINANCIAL STATEMETrrrs FOR THE YEAR ENDED 30 SEPTEMBER 2023 PRINCIPAL ACCOUNTING POLICIES Basis of Preparation The financial statcments have been pt¢pated undet the historical cost convention in 2CCOtd2nce Trith thc Statement of Recommended Pisctice; Accounting #nd teporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndttrd applicable in the UK and Repubhc of Ireland (FRS 102) issued on 16 July 2014 and thc Financial Rcpoming Standard applicable in the United Kingdotn 2nd Republic of Ireland (FRS 102) the Charities Act 2011. The trustees consider that thete no Mat1*1 uncertainties atising about the Chity'S abijity to continue as 2 going concern. Tbe 8]gficant accounting policies applied in the PrepatiOn 0£ these fancIal statements set out bclow. These poh.cies have been consistendy applied to all years presented unless othetwise stxted. Incoming Resources All dojvdtions are induded in in the statement of financial activities when receivable. Investment income is tecognised when receivable. Expenditure Expendlture is allocated between.. expenditure incutted dyiecdy to the fulfijmeot of the thrity's objectives (ditect cltstit2ble) expenditure incutted directly in the effort to raise voluntary contributions (fundraising); expenditure incutted in the management and administration of the charity Stocks Stocks ate stated at the low of cost and net tea]isable value. Gtants and Donations Gtants and donations xte made in accordance with the charity's objectives. Applications fot gxants ate invited fot the purchase of specific cxpitsL expendirnre from mainly locally based charities, atLd if consideted appropriate, are then approved by the Coti)ti)ittee before the grant is made. Fund Accouttting The gener21 fiJnd is considered to be unrestricted and comprises all incoming tesoutces teceived or genetated for eXpcnditL¢ on thc general objectives of the charity. Investtnents Investments ate valued xt market value at the balance sheet date.
WEST LANCASHIRE MARK CHARITY FUND STATEMETrif OF FINANCIAL ACTIVtTIES FOR THE YEAR ENDED 30 SEFfEMBER 2023 Notes Untestricted Futsds 2023 Untestticted Funds 2022 Income Incoming rcsourccs Voluntary income - donations Activities for gener2ting fi]nds Investtnent income 25.424 2,584 28,730 3.079 Total incoming re8OUtce8 Expenditure Resoutees expended Chatitable activities.. gt2nts and donations Merchandising costs To Benevolent account man2Ment 2nd adtnintstration 14,325 4,653 7,000 21,032 2,700 5,000 Total resources expended Net incomiDg resources 1.971 2.840 Other unrecognised gains/(losses) Gains/O osses on investtnent assets Fund balances brought forwatd at l October 2022 191309 213 638 Fund balances carried fotward at 30 September 2023 The accompanjryng accounting policies and notes fornl an integrxl part of these financial stxtements.
WEST LANCASHIRE MARK CHAIUTY FUND BALANCE SHEET FOR THE YEAR ENDED 30 SEPTEMBER 2023 Notes 2023 2022 Fixed A8sets Investsnents 182,7(K) 174,008 Current Assets Cash at bank Funds Untestticted ELmds- Genetgj lld5 The financixl statements were approved by the Trustees on behalf by.. and signed on the Trntee5' K A Beardmore Chairman M M Evans Treasuret The accompan)qng accounting po]icies and notes fom] an integral part of these financial ststements.
WEST LANCASHIRE MARK CHARITY FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Activities for Genetating Fuftds Income from the sale of merch2ndis¢ has been repoited net in the statement of financial activities. Gross results wete as follows:_ 2023 2022 Gtoss proceeds Dixe¢t expenses 2,584 3,079 Investment Income 2023 2022 Bank Ioterest Investtnents held by Fund ManageI 32 The Investments held by Fund Manager comprises £4,235 income less Management Ch2rges of £2,742.
WEST LANCASHIRE MARK CHARITY FUND NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2013 Direct Charitable Expenditure- gtattts and donations 2023 2022 Royal British Le0 - Poppy Appeal t2nC2shir¢ 3nd South Cumbria NHS Northwest Blood Bikes Blackpool Victoti2 Hospital Chotlry Mentsl He21th Mark Benevolent Fund (iti memoriam) Mark Benevolent Fund (Ultt2inc) Matk Benevolent Fund Jewels The Sparkle Bean Ttust St Lawrence Church PCC Ptinee Setanta Matched The Space Centre Preston Cerebral Palsy- Stick n Step Catoline Allen High School ICLE Test- G Betkley Almoners Distribution Fund Leyton Methodist Forward Po 1.675 832 400 1.000 600 i.ioo 10200 5.000 1,000 4.400 loo 1,800 350 500 250 1,000 2,150 2,000 900 Management and Administration Expenditute 2023 2022 Ptinting> Stationery aod post2ge Accountancy fees Otbei adn)inistration expenses 509 1.050 25 160 996 Payments to the Trustees, Committec and Connected Persons No Trnstees or member of the Cotnmitttc or person with a family or business connection with a TnLStee or Jnen]ber 0£ the Committee. received reJnletatiOn ot expenscs in the year. either directly or indirecdy. from the C]l'ty.
WEST IANCASHIRE MARK CHARITY FUND NOTES TO THE FINANCIAL STATEMEwfs (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Investments 2023 2022 eld b Investment Mana Market Value at beginning of year Additions to investments *t cost Nct loss on revaluation Market Value at end of year 174.008 1,493 198,095 1,082 Contingent Liabilities Th¢tc were no contingent h2bilities at 30 Septembet 2023 2nd 30 Septefftb 2022. Capital Commitments The charity had no capital cotDrnitments at 30 September 2023 and 30 September 2022. 10