| Page | |||
|---|---|---|---|
| Charity Details | |||
| Trustees report | |||
| Independent examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes to the accounts |
| Trustees: | EJ Booth CBEDL LLD | EJ Booth CBEDL LLD | - | (Chairman) | (Chairman) | |||
|---|---|---|---|---|---|---|---|---|
| P R Metcalf MBE | FCA DChA - (Vice Chairman) | |||||||
| Dr A W Andrews | ||||||||
| Mrs J Coulston —Herrmann | BA Hons M.Ed | |||||||
| Mrs N M Fielden | ||||||||
| Rev P Hamborg | ||||||||
| SWJ Huck LLB | ||||||||
| K G Mellalieu | ||||||||
| TJ Scott FCSI | ||||||||
| SBR Smith | ||||||||
| Honorary | Vice President | WS Huck | ||||||
| Secretary | D M Ingram FCA |
|||||||
| Registered | Address | Richard House | ||||||
| 9Winckley Square | ||||||||
| Preston | ||||||||
| PR1 3HP | ||||||||
| Charity Number | 526206 | |||||||
| Independent | Examiner | A Mills FCA MAAT | ||||||
| Chartered Accountant |
||||||||
| James Todd 8 Co (NW) | Ltd | |||||||
| Greenbank House |
||||||||
| 141 Adelphi Street | ||||||||
| Preston | ||||||||
| PR1 TBH | ||||||||
| Investment | Advisers | Brown Shipley | ||||||
| U KAuthorised Private |
Bank | |||||||
| 3 Hardman Street |
||||||||
| Spinningfields | ||||||||
| Manchester | ||||||||
| M3 3HF | ||||||||
| Endowment | Fund | Incorporates Permanent |
Endowments | from | ||||
| the following charities: |
||||||||
| Jacson Memorial | Fund | |||||||
| Jacson Special Bequest | ||||||||
| Victor Gatty Prize | Fund | |||||||
| Rogerson Scholarship | Trust | |||||||
| Lancashire Council for |
Voluntary | Youth Service |
| Unrestricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | 2023 | 2022 | |||
| Note | ||||||
| Income and endowments | from: | |||||
| Donations and legacies |
1,000 | 1,000 | 2,000 | |||
| Investments | 99,764 | 99764 | 104,549 | |||
| Total incoming resources |
100,764 | 100,764 | 106,549 | |||
| Expenditure on: |
||||||
| Raising funds | 1,357 | 22,953 | 24,310 | 25,360 | ||
| Charitable activities |
77,907 | 78 | 77,985 | 64,619 | ||
| Total expenditure | 79,264 | 23,031 | 102,295 | 89,979 | ||
| Net income/(expenditure) | before | 21,500 | (23,031) | (1,531) | 16,570 | |
| gains/(losses) on investments |
||||||
| Realised gains/(losses) on |
investments | 37,133 | ||||
| Unrealised gains/(losses) on investments |
||||||
| Net movement in funds |
16,218 | (272,131) | (255,913) | 253,955 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward | 343,180 | 4,280,022 | 4 629 202 | 4,375,247 | ||
| Total funds carried forward | 365,398 | 4,007,891 | 4,373,289 | 4,629,202 |
| Unrestricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | 2023 | 2022 | ||||
| Note | |||||||
| Fixed assets | |||||||
| Investments | 3,930,976 | 3930976 | 4,202,333 | ||||
| Total fixed assets | 3,930,976 | 3,930,976 | 4,202,333 | ||||
| Current assets | |||||||
| Debtors | 17,477 | 17,477 | 20,321 | ||||
| Investments | 239,722 | 239,722 | 245,004 | ||||
| Cash at bank | and in | hand | 337,465 | 76,915 | 414380 | 363,040 | |
| Total current | assets | 594,664 | 76,915 | 671,579 | 628,365 | ||
| Liabilities | |||||||
| Creditors: amounts | falling due within one year | 9 | (229,266) | (229,266) | (201,496) | ||
| Net current | assets | 365,398 | 76,915 | 442,313 | 426,869 | ||
| Net assets | 365,398 | 4,007,891 | 4,373„289 | 4,629,202 | |||
| Charity Funds | |||||||
| Unrestricted | funds: | ||||||
| General fund | 365,398 | 365,398 | 349,180 | ||||
| Endowment | funds | 4,007,891 | 4007891 | 4,280,022 | |||
| Total charity | funds | 10,11 | 365,398 | 4,007,891 | 4,373,289 | 4,629,202 |
| 2 | Do | nations |
and legacies —unrestricted | ||
|---|---|---|---|---|---|
| 2023 | 2022f | ||||
| Donations | 1,000 | 2,000 | |||
| 1,000 | 2,000 | ||||
| 3 | Investment | -unrestricted | |||
| 2023 | 2022 | ||||
| E | |||||
| Investment | dividends | and interest | 99,307 | 104,539 | |
| Bank | interest | 457 | 10 | ||
| 99,764 | 104,549 |
| Raising funds- | Raising funds- | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Investment | management | costs | 24,310 | 25,360 |
| 24,310 | 25,360 |
| 5 Charitable activities |
||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f, | ||||
| Grants expenditure: | ||||
| Grants (see note 5b) | 56,644 | 44,365 | ||
| 56,644 | 44,365 | |||
| Grant related support costs: | ||||
| Secretarial fees | 15,720 | 13,900 | ||
| Information commissioner's charges |
113 | 40 | ||
| Website and internet charges | 1,212 | |||
| Accountancy fees - governance |
2,800 | 2,600 | ||
| Independent examiners fees - governance |
2,708 | 2,502 | ||
| 77,985 | 64,619 | |||
| f78 (2022:anil) ofexpenditure | is allocated to the | endowment | fund, the rest is unrestricted. | |
| Note 5b | 2023 | 2022 | ||
| Balance payable brought forward |
190,696 | 198,675 | ||
| Previously awarded grants released |
(8,040) | (7,813) | ||
| New grants awarded in the year |
64,6&4 | 52,178 | ||
| Net grant cost in the year (note 5c) | 56,644 | 44,365 | ||
| 247,340 | 243,040 | |||
| Grants paid in the year | (38,078) | (52,344) | ||
| Balance payable carried forward (note 9) | 209,262 | 190,696 |
| 5 Charitable activities (continued) |
5 Charitable activities (continued) |
5 Charitable activities (continued) |
||||
|---|---|---|---|---|---|---|
| Note 5c | Preston | Lancashire | 5April | 5April | ||
| Area | Area | 2023 | 2022 | |||
| Institutional | ||||||
| Charitable organisations |
10,000 | 6,646 | 16,646 | 18,143 | ||
| Educational | 7,600 | 7,600 | 10,000 | |||
| Recreational —scouts, | youth clubs | etc | 4,289 | 4,289 | 3,000 | |
| Recreational —sports, | playgroups | etc | 15,378 | 15,408 | 30,786 | 13,060 |
| Individuals | 150 | 5,213 | 5,363 | 7,975 | ||
| Previously awarded |
grants released | (170) | (7,870) | (8,040) | (7,813) | |
| 25,358 | 31,286 | 56,644 | 44,365 | |||
| 6 Fixed asset investments |
||||||
| 2023 | 2022 | |||||
| f. | ||||||
| Market value at 5 April | 2022 | 4,202,333 | 4,071,365 | |||
| Additions | 802,437 | 361,050 | ||||
| Disposal proceeds | (824,694) | (439,640) | ||||
| Net investment (losses)/gains |
249 100 | 209,558 | ||||
| Market value at 5 April | 2023 | 3,930,976 | 4,202,333 | |||
| Historical cost at 5April 2023 | 3,773,459 | 3,449,882 | ||||
| 2023 | 2022 | |||||
| Investments at fair value comprised: |
E | |||||
| Equities | 3,371,503 | 3,608,588 | ||||
| Bonds and gilts | 385,329 | 421,550 | ||||
| Hedge and structured | funds | 63,945 | 79,475 | |||
| Property funds |
110199 | 92,720 | ||||
| 3,930,976 | 4,202,333 |
| 7 |
Debtors | ||
|---|---|---|---|
| 2023 E |
2022f | ||
| Accrued | Income | 4,452 | 6,996 |
| Loans | 13,025 | 13,325 | |
| 17,477 | 20,321 |
| The loans are interest free and will be repaid or reviewed | before the 25'" birthday | ofthe recipient | |
|---|---|---|---|
| 8 Current asset investments |
|||
| 2023 | 2022 | ||
| Market value at 5 April 2022 | 245,004 | 254,3'jo | |
| Additions | |||
| Disposal proceeds | |||
| Net investment (losses)/gains |
5282 | (9,306) | |
| Market value at 5 April 2023 | 239,722 | 245,004 | |
| Historical cost at 5April 2023 | 250,000 | 250,000 | |
| 2023 | 2022 | ||
| Investments at fair value comprised: |
|||
| Cash funds | 239722 | 245,004 | |
| 239,722 | 245,004 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| f. | ||||
| Creditors | and | accrued charges | 20,004 | 10,800 |
| Grants payable | (note 5b) | 209,262 | 190,696 | |
| 229,266 | 201,496 |
| Balance | Balance | |||||
|---|---|---|---|---|---|---|
| at 6April | Gains and | at 5April | ||||
| 2022 | Income | Expenditure | Transfers | losses | 2023 | |
| Unrestricted | ||||||
| funds: | 349,180 | 100,764 | (79,264) | (5,282) | 365,398 | |
| Endowment | ||||||
| funds: | 4,280,022 | (23,031) | (249,100) | 4,007,891 | ||
| 4,629,202 | 100,764 | (102,295) | (254,382) | 4,373,289 | ||
| Analysis of | charitiable funds |
- previous year | ||||
| Balance | Balance | |||||
| at 6April | Gains and | at5April | ||||
| 2021 | Income | Expenditure | Transfers | losses | 2022 | |
| Unrestricted | ||||||
| funds: | 317,973 | 106,549 | (66,036) | (9,306) | 349,180 | |
| Endowment | ||||||
| funds: | 4,057,274 | (23,943) | 246,691 | 4,280,022 | ||
| 4,375,247 | 106,549 | (89,979) | 237,385 | 4,629,202 |
| At | |||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | 5April | |||
| funds | fundsf | 2022 | |||
| Fund balances at 5 April 2022 are | |||||
| represented | by: | ||||
| Investments | 4,202,333 | 4,202,333 | |||
| Current | assets | 550,676 | 77,689 | 628,365 | |
| Creditors | falling due within one year | (201,496) | (201,496) | ||
| 349,180 | 4,280,022 | 4,629,202 |