FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEvfEMBER 2024 REGISTERED CHARrrYNO: 327021
FINANCLAL STATEMENrs FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page Leg21 and admiJ)istratiwe details Report of the TDJStees Report of the independent exan]iner Prtncip21 accounting policies Statement of financi91 activities Balance sheet Notes to the financial statements 8-10
LEGAL AND ADMINISTRATtVE DETAILS Registered Clwity Nutnber 327021 Address c/0 25 Hough Lane Leyland L2nc2shire PR5 2SB Tmstees K A Beardmote P Connolly M J Cladie GHLee Cotnmittee K A Beardmore P Connolly GHLte J Clatke G F Betkley (Ch2irn]an) J C Bicknell (Resigned 17.01.2024) M M Evans (Hon Treasurer) (Resigned 17.01.2024) L F Norton P H T22£fe E J Satti C Hughes (Hon.Sectetary) G M Bury (Appointed 17.01.2024) M J Pinkatd (Appointed 17.01.2024) B C Povey (Appointed 17.01.2024) Hon Tteasuter M M Evans (Resigned 17.01.2024) B C Povey (Appoijjted 17.01.2024) Hon Secretary C Hughes Bankers Nltional Westn)inster Ballk PIC City Office 22 Czstle Street IiveO01 L69 2BE Independent Examiner D J Hudd FCA Livesey Spottiswood Registered Auditors & Chartered Accountants 17 GeoIge Street St Helens Merseyside WAIO IDB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The TThteeS present their teport together with [anCIaL statements for the yeat ended 30 Septrmber 2024. Objectives and Otganisation West Lanc2shiIe Mark Chartty Fund was est2blished by a Declaration of Ttust dated 2 June 1985 and is registered with the Charity Commission No. 327021. The object of the Fund is to t8ise fimds loi the benefit of such Misonic charities or othet chatitable institutions, societies and objects, as the Committee shall from time to time direcL The rn2n2gement of the Fund is Und the control 0£ tbe Committee. Committee and TteeS MeÈnbS of the Committee at the end 0£ the ye2r are ]isted bdow.- K A Beardmore P ConJJolly GHLee M J Clatke G F BetHey (Ch8ittnan) J C Bicknell (Resigned 17.01.2024) M M Evans (Resigned 17.01.2024) E J Satti L F Norton P H Taaffe C Hughes G M Batty (Appointed 17.01.2024) M J Pinkard (Appointed 17.01.2024) B C Povey (Appointed 17.01.2024) The Hon TIeasurer duting the ye2r was M M Evans until 17.01.2024 2nd B C Povey thereaft and the Hon Secretary was C Hughes. The Tntee$ are K A Beatdmote, P Connolly, M J Clatke and G H L£e. The chlty is adn]inisteted by the Committee Eqho meet tegu12dy throughout the year. All Comtnittee members tetite by rotation each year and may stand for re<lection. Election of Trustees and Conunittee members is by existing Trustees and Committee members. Within the Conmjittee and Ttustees the is a wide rallge of expertise alld experience. Financial Review and Statement of Policies The attached fjnancial statements show the cuttent state of the finances. which the Trustees considet to be sound. The Chaiity had incoming resources of £40,373 (2023: £29,533) and outgoing expenditute of £35,151 (2023.. £27,562), excluding VelliSed gains/Q ) on investments, resulting in net incoming resources of osses £5,222 (2023.. £1,971). The resoutces expended compjised £24.686 (2023.. £21,325) of gtants and donations made to other charities in accoIdance with the Clwity's objectives. 2nd £1,683 (2023: £1,584) on its management 2nd Idministsation.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEiyfEMBER 2024 (continued) Investment Policy The comnjittee meets regularly to considet tbe C}rItYS fiLnding position and tIOUghOut the year fimds have been held in interest bearing accounts with the chlS baIths. yleldmg 2 retL[ of less than l %. In addition, there ts a portfolio of investsuents managed by Rathbolles on beh2[£ 0£ the Clwity. Public Benefit The Ttee,5 Report 2nd the Financial Statements 2re prepared having due regard to the Charity Commissions gdAnce on public benefit and demonstrate how the oIganisation's objectives, activities 8nd perfom]2fLce meet these requirements. Reserves Policy It is the policy of the charity to hold reserves in its uoxestricted fimds in order to establish an approprilte level of workng capital and to piotect the operations of the chlty from the effects of any unfoIeseen 2nd materi31 v2ri2tions in its ijlcome streams, 35 part of a pohcy of good fin2nci21 management. Risk Management The Trnstees continue to be awate of their responsibility tewding tisk management and meet tegulady to conttnue to profile iisks, examine controls already in place and embed controls to mitigate sjgnthcznt risks. Trustees, Responsibilities for the Financial Statements Chajity law tequires the Trustees to prepare financt21 stateruents £ot e2ch fin2ncial year, which give a ttue and fair view of the financial activities of the Ch]ty during the year and of its fmanci21 position at d]e ye end. In Prepill8 those financial statements, tbe TnteeS should follow best practice and: select suitsble 2CCOUllting policies and then apply them conststently" make judgements 2nd estimates that ate reasonable and prudenL ptep2re the financi31 statements on the going concern basis unless it is inappxopLiate to presume that the charity vlill continue in operation. The Trnstees ate tesponsible for keeping proper 2ccounting records, wbtch disdose with reasonable accur2Cy the financi21 Position of the chty and which enable them to ascertain the financial Position of the chatity and to ensure that the finsnci21 statements comply with the Chatities Act 2011 and regulations dlere under. They are also Iesponsible for sa£eguardts]g the 2ssets 0£ the clwity and fot tsknng re2son&ble steps for the prevention and detection of fr2ud alld other irregulatities. ON BEHALF OF THE TRUSTEES K A Beardmote Trnstee
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 I teport on the accounts for the yeat ended 30 Septembet 2024. set out on pages 5 to 10. Respective Responsibilities of Tntstees and Ex2minet The charity's trustees are tesponsible for the preparation of the accounts. The clwirfs trustees considet that an audit is not tequired for tbis year (under Section 144(2) 0£ tbe ChtieS Act 2011) and that an independent examin2tion is required. HaFing satisfied myself that the charity is not subject to 2udit under chatity law 2nd is elw'ble for independent examination, it ts my responsibility to: examine the accounts undet Section 145 of the 2011 Act to follow the ptocedures laid down in the Gener2[ Directions givell by the Ch2rity Commission (undet Section 145(5)(b) of the 2011 Act)" and to state whethet particu12r matters bave come to my 2ttention. Basis of Independent Examinees Report My examination wls c2ttied out in accotdance with the Genetal Directions given by the Charity Comn)is5ion. Ao ez2ti]ination indudes a reFiew of the accounting iecoids kept by the cIlty and a compatison of the accounts presented with those records. It also indudes consideration of any unusual iteLns oi disdosutes in the accounts, and seeking explanations from you as ttustees concerning any such m2tters. The procedures undert2ken do not ptovide 2ll the evidence that would be required in an audii and consequendy no opinion ts Ven as to whetber the 2ccounts present a 'trne and fair view, and the report is ]imited to those matters set out in the ststements bdow. Independent Exan]inees Ststement In connection vlith my examination, no mattet has come to my attention: which gives tne reasollable cause to believe tba¢ in any mat121 respec¢ the tequirements to keep 2ccounting tecords in accordance with Section 130 of the Chle$ ACL to prepare accounts which accord with the accounting records to comply viith the 2pp]icable requirements set out in the Chatities (Accounts and Reports) Regulations 2008 have not been me¢ or to which, in my opinion, attention should be dThwn iti Ord to enable 2 proper understan&ng of the accounts to be reached. David Hudd BA FCA IAvesey Spottiswood Chartered Accountants St Helens Metseyside WAIO IDB 4ne
WEST LANCASHIRE MA1( CHARITY FUND FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 SEwfEMBER 2024 PRINCIPAL AccouNfING POLICIES Basxs of Preparation The Snancial statements have been ptepared under the historical cost convention in accordance with the Statement 0£ Recommended Pr2ctice. Accounting 2nd reporting by ChatA'ties preparing theii accounts in 2ccord2nce with the Fin2ncial Reporting St2nd2rd app]ic2ble in the UK and Republic of Irdsnd (FRS 102) issued on 16 July 2014 2nd the Fin2nci21 Reporting Standatd app]icable in the United Kingdom and Republic of Ire12nd (FRS 102) and the Charities Act 2011. The trustees consider tb2t there are no m2teri21 uncertainties atising about the Chity'S ability to coniinue Is a going concen]. The s4nthcant accounting po]icies app]ied in the preparation of these financial statements 2re set out bdow. These policies have been consistendy applied to all years presented unless otherwise state(L Incoming Resources All donations are induded in full in the statement of financial aciivities when receivable. Investment yncotne is recognised when receiv2ble. Expenditure Expenditute ts allocated between: eXPellte incutted ditecdy to the fulfiLment of the ch2rtrfs objectives (ditect charitAble) ezpenditute incurred direcdy in the ef£ort to taise volunt2ry Contributions (funL1r2isin. expenditure incutted in the management and admintstration of the ch2tity Stocks Stocks are st2ted at the lower of cost and net re2]isable v2lue. Grants and Donations Grants and donations ate made ill accordance with the cltIty'S objectives. Applications for grants ate inted fot the putchase of specific capital ezpenditure from ti]aiDJy locally based charities. 2nd if considered apptopyiate, are then approved by the Conllnittee before the grant is made. Fund AccouxAting The gener21 fLLnd is considered to be unrestricted and comptises 2ll iocoming resources teceived or genetated for expenditure on the gener21 objectives 0£ the chatiry. Investments Investtnent5 ate vaEued at matket value at the balance sheet date.
STATEMENT OF FINANCIAL ACTTVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Notes Unrestricted Funds 2024 Unrestricted Funds 2023 Income Incoming resources Voluntsry income - donations Acttvities fot genetating fi]nds Investment income 34,568 4,130 25,424 2,584 Totat incoming resources Expenditute Resources expended Charitable ictivities: grants and donations Metchand£sillg costs To Benevolent account Management 2nd 2dmintratt0n 17,686 8,782 7,000 14,325 4,653 7,000 Total tesoutces &ended Net incoming resources 5222 1,971 Othei unxecognised gaitis/Oosses) Gains/O ) on investment assets osses Fund balances brought forwatd at l October 2023 200 479 Fund balances caffried forward at 30 September 2024 The accorop2nying accounting policies and notes fotm ao integral part of these financial statements.
BALANCE SHEET FOR THE YEAR ENDED 30 SEPTEMBER 2024 Notes 2024 2023 Fixed Assets lttvestment5 206,506 182.700 Current Assets C3sh at baDJr Funds Unrestricted fimds- GeneTrl 5mds The financial st2tenients we approved by the Ttustees on IC - behalf bT. Zand signed on the Trustees, K A Beatdmote B C Povey Tteasuret The accompanying accouniing policies and notes forni integral part of these 6nancizl statements.
NOTES TO THE FINANCIAL STATEMETrrrs FOR THE YEAR ENDED 30 SEvfEMBER 2024 Activities for Generatitig Funds Income from the s21e of mttchgndise has been reported net in the statement of Snancial activities. Gross tesults were as lollows:_ 2024 2023 Gross proceeds Ditect expenses 4,130 2,584 Investment Income 2024 2023 Bank Interest Investments held by Fund Managet 48 32 The Investments held by Fund M2n2ger compiises £4,511 income less Management Chatges OE £2,884.
NOTES TO THE FINANCIAL STATEMENfs (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Direct Charitable Expenditure - grants and donations 2024 2023 Roy21 Brittsh IEgion- Poppy Appeal Rosemere Cancer Northwest Blood Bikes Heartbeat NW Morecambe RNLI M2rk Benevolent Fund (m memott2m) Blackpool Victoria Hospitsl M2rk Benevolent Fund Jewels Genisy5 C2te St Lawrence Church PCC Prince Setsnts Matched The Space Centre Preston CerebtaE Palsy - Stick n Step Cardinal Allen Hb School ICIE Test- G BeeY Almoners Distribution Fund Leyton Methodist FoTr/ard Po 1,675 150 10.000 3,354 245 2,800 937 1,000 4,400 loo 100 100 350 500 250 1,000 2,150 2,000 900 Management 2nd Admirristration Expenditure 2024 2023 Ptillti Stationery and post2ge Accountsncy fees Other admintration expenses 554 1,104 25 509 1,050 25 Payments to the Tntstees, Committee and Connected Persons No Ttustees or member of the Committee or person with a family or business connection with Trustee OI member 0£ the Committee, received remuneration OE expenses in the year, either directly or indiiectly. from the charity.
NOTES TO THE FINANCIAL STATEMENfs (continued) FOR THE YEAR ENDED 30 SEFfEMBER 2024 Investments 2024 2023 Hdd b Investment Mana Market VaEue at beginning of yeat Additions to investments at cost Net gain on revaluation Market V21ue at end of ye3t er 182,700 1,627 174.008 1,493 Contitigent Liabi]ities There were no contingent liabijities at 30 Septetnbet 2024 and 30 septemb 2023. Capltal Commilments The ch2tity h2d no capital committuents at 30 Septembet 2024 and 30 September 2023. 10