| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 10 |
| Statement of Financial Activities | |||
| Balance Sheet | 12 | ||
| Notes to the Financial Statements | 13 to | 20 | |
| Detailed Statement of Financial Activities | 21 |
| The Charity has current grant commitments | The Charity has current grant commitments | of: | ||||
|---|---|---|---|---|---|---|
| Coastal Collective - Set Up Costs | F110,000 | |||||
| Heyhouses CofE Primary School |
- Contribution | towards | Building | Repairs | F44,514 | |
| Heyhouses CofE Nursery School |
—Staffing | and | Support | F22,338 | ||
| Home-Start | 815,000 | |||||
| Lytham CofE Primary School - Nursery Subsidy |
F85,914 | |||||
| Student's Sport Grant |
f5,000 | |||||
| Clerking Costs | F2,000 | |||||
| Sundry Expenses | 638 | |||||
| All such commitments have been |
provided | for in | these | financial | statements. |
| for the year ended | 31 Decem | ber 20 | 22 | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | funds | funds | funds | funds | |||
| Notes | 6 | E | E | K | |||
| INCOME AND | |||||||
| ENDOWMENTS FROM Donations and legacies |
1,047,000 | ||||||
| Investment income |
3 | 216,950 | 19684 | 236634 | 481,515 | ||
| Total | 216,950 | 19,684 | 236,634 | 1,528,515 | |||
| EXPEND[TURE ON Raising funds |
4 | 11,358 | 6,232 | 17,590 | 15,759 | ||
| Charitable activities Education |
5 | 316,804 | 49,918 | 366,722 | 549,190 | ||
| Other | 3,744 | 3,744 | 3,156 | ||||
| Total | 331,906 | 56,150 | 388,056 | 568,105 | |||
| Net gains/(losses) investments |
on | ~739 DD8) | ~87D26) | ~79907) | ~9D5941) | 2185918 | |
| NET INCOME/(EXPENDITURE) |
(853,964) | (123,492) | (79,907) | (1,057,363) | 3,146,328 | ||
| RECONCILIATION | OF | ||||||
| FUNDS Total funds brought |
forward | 16,797,456 | 1,166,120 | 297,705 | 18,261,281 | 15,114,953 | |
| TOTAL FUNDS CARRIED FORWARD |
15943,492 | 1,D42,628 | 217,798 | 17,203,918 | 18,261,281 |
| The Lytham School Balance Sheet 31 December 2022 |
s Fo | u | ndation | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| Notes | funds F |
fundsf | fundsf | fundsf | funds F |
||
| FIXEDASSETS | |||||||
| Investments | |||||||
| Investments Investment property |
10 11 |
4,500,032 11533,31D |
963,236 | 197,921 | 5,661,189 11,533,310 |
6,847,999 11,533,310 |
|
| 16,033,342 | 963,236 | 197,921 | 17,194,499 | 18,381,309 | |||
| CURRENT ASSETS | |||||||
| Debtors Cash at bank |
12 | 9,750 188,174 |
79392 | 19,877 | 9,750 287,443 |
7,686 394,430 |
|
| 197,924 | 79,392 | 19,877 | 297,193 | 402,116 | |||
| CREDITORS | |||||||
| Amounts falling due within one year |
13 | (287,774) | (287,774) | (522,144) | |||
| NET DERRENT ASSETS | ~89855) | 79392 | 19877 | 9419 | ~)20028) | ||
| TOTAL ASSETS LESS | |||||||
| CURRENT LIABILITIES | 15,943,492 | 1,042,628 | 217,798 | 17,203,918 | 18,261,281 | ||
| NET ASSETS | 15943,492 | 1D42,628 | 217,798 | 17,2D3,918 | 18,261,281 | ||
| FUNDS | 14 | ||||||
| Unrestricted funds |
15,943,492 | 16,797,456 | |||||
| Restricted funds |
1,042,628 | 1,166,120 | |||||
| Endowment funds |
217,798 | 297,705 | |||||
| TOTAL FUNDS | 17,2D3 918 | 18,261,281 |
| DONATION | S AND LEGACIES |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Restricted | legacy donation | 1,047,000 | |
| INVESTMENT INCOME | |||
| 2022 | 2021 | ||
| 8 | 8 | ||
| Rents receivable Investment income |
140,583 86,051 |
128,217 353,298 |
|
| 236,634 | 481,515 |
| for t |
he year ended 31 December 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 4. | RAISING FUNDS | ||||||
| Investment management costs |
|||||||
| 2022 E |
2021f | ||||||
| Investment manager's fees |
17,590 | 15,759 | |||||
| 5. | CHARITABLE ACTIVITIES COSTS | ||||||
| Grant | |||||||
| funding of |
|||||||
| activities | |||||||
| Direct | (see note | ||||||
| Costs F |
6) | Totalsf | |||||
| Education | 31,642 | 335,080 | 366,722 | ||||
| 6. | GRANTS PAYABLE | ||||||
| 2022 | 2021 | ||||||
| E | E | ||||||
| Education | 335,080 | 489,250 | |||||
| 2022 | 2021 | ||||||
| 6 | |||||||
| Aspired Futures - Happy 2 Learn | (24,960) | ||||||
| Heyhouses Endowed CofE Primary |
School: | ||||||
| —Contribution towards Building |
Repairs | 29,000 | |||||
| —Contribution to refurbishment |
of Infant | School Library | 10,000 | ||||
| Heyhouses Endowed CofE Nursery |
School | ||||||
| Staffing and Support | 22,338 | ||||||
| Grant towards Loan Interest |
9,500 | 8,000 | |||||
| Grant towards Summer School | 568 | 23,420 | |||||
| Pod@Heyhouses CIO - Repairs |
2,150 | ||||||
| Lytham CofE Primary School: | |||||||
| - Contribution towards Building |
Repairs | 5,576 | 1,737 | ||||
| - Nursery Subsidy |
40,000 | 123,121 | |||||
| - Balance for Refurbishment | of | School Hall | 3,383 | ||||
| AKS Lytham Independent School: |
|||||||
| - Bursaries Contra Rent | 135,408 | 122,985 | |||||
| -Supplementary Bursaries |
4,715 | ||||||
| Fylde District Scout Council - Equipment | 450 | ||||||
| Coastal Collective —Set Up Costs |
110,000 | ||||||
| Write off of Individual Grants Over |
Provision | (5,625) | |||||
| BDBEGovernors 10%of roof |
1,064 | ||||||
| St Bede's Catholic High School - Coronavirus | Grant | 500 | |||||
| CN Sports —Primary School Sports Equipment |
1,000 | ||||||
| Lytham St Anne's High School - Contribution |
towards Sports | Hall | 200,000 | ||||
| 335,080 | 489,250 |
| There were no trustees' expenses paid for 31 December 2021. |
There were no trustees' expenses paid for 31 December 2021. |
There were no trustees' expenses paid for 31 December 2021. |
the year ended | 31 December | 2022 nor for th | e year ended |
|---|---|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | ACTIVITIES | ||||
| Unrestricted | Restricted | Endowment | Total | |||
| funds | funds | funds | funds | |||
| E | 6 | F | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
1,047,000 | 1,047,000 | ||||
| Investment income |
472,655 | 8,860 | 481,515 | |||
| Total | 472,655 | 1,055,860 | 1 528,515 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 12,392 | 3,367 | 15,759 | |||
| Charitable activities |
||||||
| Education | 536,367 | 12,823 | 549,190 | |||
| Other | 3,156 | 3,156 | ||||
| Total | 551,915 | 16,190 | 568,105 | |||
| Net gains on investments | 2,141,868 | 18,281 | 25769 | 2,185,918 | ||
| NET INCOME | 2,062,608 | 1,057,951 | 25,769 | 3,146,328 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 14,734,848 | 108,169 | 271,936 | 15,114,953 | |
| TOTAL FUNDS CARRIED FORWARD | 16,797,456 | 1,166,120 | 297,705 | 18,261,281 |
| forth | e year ended 31 December 2022 | ||
|---|---|---|---|
| 10. | FIXEDASSET INVESTMENTS | ||
| 2022 f |
2021 F |
||
| Shares | 5,335,689 | 6,497,999 | |
| Loans | 325 5DD | 350,000 | |
| 5,661,189 | 6,847,999 | ||
| Listed | |||
| investments | |||
| MARKET VALUE | |||
| At 1 January 2022 Additions |
6,497,999 386,373 |
||
| Disposals Unrealised gains |
(729,865) ~818,818) |
||
| At 31 December 2022 | 5335,585 | ||
| NET BOOK VALUE | |||
| At 31 December 2022 | 5,335,689 | ||
| At 31 December 2021 | 6,497,999 | ||
| Other loans | |||
| At 1 January 2022 Repayments in year |
350,000 ~24,500) |
||
| At 31 December 2022 | 325,500 |
| FAIR VALUE | |
|---|---|
| At 1 January 2022 and 31 December 2022 |
11,533,310 |
| NET BOOK VALUE At 31 December 2022 |
11 533,310 |
| At 31 December 2021 | 11,533,310 |
| forth | e year ended 31 Decemb | e year ended 31 Decemb | e year ended 31 Decemb | er 2022 | er 2022 | er 2022 | er 2022 | er 2022 | er 2022 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||||||
| 2022 | 2021 | |||||||||||
| 8 | 8 | |||||||||||
| Other debtors | 9,750 | 7,686 | ||||||||||
| 13. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE | YEAR | |||||||||
| 2022 | 2021 | |||||||||||
| 8 | 5 | |||||||||||
| Other creditors | 287,774 | 522,144 | ||||||||||
| 14. | MOVEMENT IN FUNDS |
|||||||||||
| Net | ||||||||||||
| movement | At | |||||||||||
| At | 1/1/22 | in funds | 31/12/22 | |||||||||
| 8 | ||||||||||||
| Unrestricted funds |
||||||||||||
| General fund |
16,797,456 | (853,964) | 15,943,492 | |||||||||
| Restricted funds | ||||||||||||
| Funds designated | exclusively | for | AKS | 1,166,120 | (123,492) | 1,042,628 | ||||||
| Endowment funds |
||||||||||||
| Capital accumulation | fund | 297,705 | (79,907) | 217,798 | ||||||||
| TOTAL FUNDS | 18261201 | J10573637 | 17203010 | |||||||||
| Net movement in funds, |
included | in the above are as follows: | ||||||||||
| Incoming | Resources | Gains and | Movement | |||||||||
| resources | expendedf | losses F |
in funds 8 |
|||||||||
| Unrestricted funds |
||||||||||||
| General fund |
216,950 | (331,906) | (739,008) | (853,964) | ||||||||
| Restricted funds | ||||||||||||
| Funds designated | exclusively | for | AKS | 19,684 | (56,150) | (87,026) | (123,492) | |||||
| Endowment funds |
||||||||||||
| Capital accumulation | fund | (79,907) | (79,907) | |||||||||
| TOTAL FUNDS | 236,634 | (388,056) | ~905941) | (1~057363) |
| Comparatives for |
m | ovement | in funds | |||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1/1/21 f. |
in funds f |
31/12/21 f |
||||
| Unrestricted funds |
||||||
| General fund |
14,734,848 | 2,062,608 | 16,797,456 | |||
| Restricted funds | ||||||
| Funds designated | exclusively | for AKS | 108,169 | 1,057,951 | 1,166,120 | |
| Endowment funds |
||||||
| Capital accumulation | fund | 271,936 | 25,769 | 297,705 | ||
| TOTAL FUNDS | 15,114,953 | 3,146,328 | 18,261,281 |
| Comparative net move |
men | t in |
funds, inc |
luded in the ab |
ove are as follow | s: | |
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||||
| resourcesf | expended | losses | in fundsf | ||||
| Unrestricted funds |
|||||||
| General fund |
472,655 | (551,915) | 2,141,868 | 2,062,608 | |||
| Restricted funds | |||||||
| Funds designated exclusively |
for AKS | 1,055,860 | (16,190) | 18,281 | 1,057,951 | ||
| Endowment funds |
|||||||
| Capital accumulation | fund | 25,769 | 25,769 | ||||
| TOTAL FUNDS | 1,528,515 | ~568,1851 | 2,185,818 | 3,146,328 | |||
| Funds designated exclusively |
s 2 for AKS are made up a 202 |
follows: 2022 |
2021 | 2021 | |||
| t Endowmenf |
Restricted f |
Endowment | Restricted f |
||||
| Mellor Lecture Trust | 0 1,40 |
13,173 | 1,913 | 18,039 | |||
| Mellor Scholarship Wolfson Scholarship Wolfson Sixth Form |
4 1 4 3,32 103,53 97,55 |
22,927 16,567 8,199 |
4,544 141,515 133,332 |
31,395 22,678 11,223 |
|||
| Donovan Travel Fund |
6 85 |
553 | 1,170 | 757 | |||
| Fred H Hill Fund | 2 65 |
1,411 | 891 | 1,932 | |||
| Denys Ingham Travel Fund Tom Bleasdale Memorial Fund |
2 8 6,43 6,05 |
3,681 513 |
6,058 8,282 |
5,041 702 |
|||
| Prize Funds | 19,364 | 26,516 | |||||
| Jean Mary Robinson | Memorial | Fund | 956,241 | 1,047,837 | |||
| 217,798 | 1,042,628 | 297,705 | 1,166,120 |