| Trustees | Mr TC Hart | |||
|---|---|---|---|---|
| Ms LCook | ||||
| Mr D Barbour | ||||
| Mr(C Higby (Chairman) | ||||
| Mr P0 Copland | ||||
| Mr J R Hulmes | ||||
| Rev CA Pailing | ||||
| Patron | The Right Honourable | The Earl of Derby | ||
| Secretary | Mr M Finn | |||
| Charity number | 526379 | |||
| Principal address | The Cotton Exchange | |||
| Suite 315 | ||||
| Old Hall Street | ||||
| Liverpool | ||||
| Merseyside | ||||
| L39RJ | ||||
| Independent | examiner | Helen Furlong | FCCA | |
| McLintocks | (NW) Limited | |||
| 46 Hamilton Square |
||||
| Birkenhead | ||||
| Wirral | ||||
| Merseyside | ||||
| CH41 5AR | ||||
| Bankers | Barclays Bank | pic | ||
| Merchants Court |
||||
| 2-12 Lord Street | ||||
| Liverpool | ||||
| Merseyside | ||||
| L2 1TS | ||||
| Solicitors | Brabners LLP | |||
| Horton House | ||||
| Exchange Flags | ||||
| Liverpool | ||||
| Merseyside | ||||
| L2 3YL | ||||
| Investment | advisors | Quilter Cheviot | ||
| 5 St Paula Square | ||||
| Liverpool | ||||
| Merseyside | ||||
| L39SJ |
| Unresbicted | Endowment | Total | Unrestricted | Endowment | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| Notes | 8 | 8 | K | 8 | ||||
| Income from: | ||||||||
| Donations and |
legacies | 121,420 | 121,420 | 126,071 | 126,071 | |||
| Investments | 102,805 | 102,805 | 111,230 | 111,230 | ||||
| Total income | 224,225 | 224,225 | 237,301 | 237,301 | ||||
| ~E* dit |
||||||||
| Raising funds | 5 | 2,382 | 3,146 | 5,528 | 2,375 | 3,068 | 5,443 | |
| Charitable activihes |
6 | 256,628 | 256,628 | 239,415 | 239,415 | |||
| Total expenditure | 259,010 | 3,146 | 262,156 | 241,790 | 3,068 | 244,858 | ||
| Net gains/(losses) | on | |||||||
| investments | 10 | (43,444) | (43,737) | (87,181) | 93,256 | 167,527 | 260,783 | |
| Net movement | in | funds | (78,229) | (46,883) | (125,112) | 88,767 | 164,459 | 253,226 |
| Fund balances | at 1 January | |||||||
| 2022 | 1,162,400 | 1,461,605 | 2,624,005 | 1,073,633 | 1,297,146 | 2,370,779 | ||
| Fund balances | at | 31 | ||||||
| December 2022 | 1,084,171 | 1,414,722 | 2,498,893 | 1,162,400 | 1,461,605 | 2,624,005 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Donations | and giRs | 1,165 | 5,244 | ||
| Grants receivable | 120,255 | 120,827 | |||
| 121,420 | 126,071 | ||||
| Grants receivable for | core activities | ||||
| Seafarers | UK | 70,000 | 75,000 | ||
| Trinity House | 37,295 | 31,680 | |||
| Honourable | Company | ofMaster Mariners | 2,700 | 2,580 | |
| Government | grant (CJRS) | 3,067 | |||
| Inverclyde | Bequest Fund | 10,260 | 8,500 | ||
| 120,255 | 120,827 | ||||
| Investments | |||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| income from | listed investments | 102,805 | 111,230 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| general | general | ||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| E | 8 | 5 | f | f | f | ||
| Investment | management | 2,382 | 3,146 | 5,528 | 2,375 | 3,068 | 5,443 |
| 2,382 | 3,146 | 5,528 | 2,375 | 3,068 | 5,443 | ||
| Grants payable | |||||||
| 2022f | 2021 | ||||||
| Grants to individuals | 172,010 | 152,155 | |||||
| 172,010 | 152,155 | ||||||
| Support costs | |||||||
| Support | Governance | 2022Support costs | Governance | 2021 | |||
| costs | costs | 8 | 6 | costsf | f | ||
| Staff costs | 57,188 | 57,188 | 58,706 | 58,706 | |||
| Secretarial fees | 13,600 | 13,600 | 13,600 | 13,600 | |||
| Office costs | 9,407 | 9,407 | 10,710 | 10,710 | |||
| Bank charges | 145 | 145 | 127 | 127 | |||
| Independent | examiner's | ||||||
| fees | 3,600 | 3,600 | 3,300 | 3,300 | |||
| AGM expenses | 138 | 138 | 97 | 97 | |||
| Accountancy | and legal | ||||||
| fees | 720 | 720 | |||||
| 80,340 | 4,278 | 84,618 | 83,143 | 4,117 | 87,260 |
| The averag | e |
monthl | y num |
ber ofemploye | es during the |
year was: | |||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Number | Number | ||||||||
| Administration | |||||||||
| Employment | costs | 2022 | 2021 | ||||||
| 6 | 6 | ||||||||
| Wages and | salaries | 16,652 | 17,606 | ||||||
| Other pension | costs | 40,536 | 41,100 | ||||||
| 57,188 | 58,706 | ||||||||
| There were | no | employees | whose annual | remuneration | was more than | 560,000. | |||
| Net gains/(losses) | on investments | ||||||||
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||||
| funds | funds | funds | funds | ||||||
| general | general | ||||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| 6 | E | E | 6 | 6 | f | ||||
| Revaluation | of | ||||||||
| investments | (58,136) | (53,078) | (111,214) | 89,410 | 155,186 | 244,596 | |||
| Gain/(loss) | on | sale of | |||||||
| investments | 14,692 | 9,341 | 24,033 | 3,846 | 12,341 | 16,187 | |||
| (43,444) | (43,737) | (87,181) | 93,256 | 167,527 | 260,783 |
| Tangible fixed assets | |||
|---|---|---|---|
| Fixtures snd | Computers | Total | |
| fittings | |||
| 6 | 6 | ||
| Cost | |||
| At 1 January 2022 | 2,503 | 2,115 | 4,618 |
| At 31 December 2022 | 2,503 | 2,115 | 4,618 |
| Depreciation and impairment |
|||
| At 1 January 2022 | 2,501 | 2,112 | 4,613 |
| At 31 December 2022 | 2,501 | 2,112 | 4,613 |
| Carrying amount |
|||
| At 31 December 2022 | |||
| At 31 December 2021 |
| Listed | Cash in | Total | |
|---|---|---|---|
| investmentsf | portfolio | ||
| Cost or valuation | |||
| At 1 January 2022 | 2,524,890 | 34,809 | 2,559,699 |
| Additions | 250,501 | 250,501 | |
| Valuation changes |
(111,214) | (111,214) | |
| Disposals | (243,640) | (8,024) | (251,664) |
| At 31 December 2022 | 2,420,537 | 26,785 | 2,447,322 |
| Carrying amount |
|||
| At 31 December 2022 | 2,420,537 | 26,785 | 2,447,322 |
| At 31 December 2021 | 2,524,890 | 34,809 | 2,559,699 |
| Debtors | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Amounts falling due |
within one year: | 6 | ||
| Other debtors | 6,019 | 3,979 | ||
| Prepayments | and accrued income | 2,060 | 1,748 | |
| 8,079 | 5,727 | |||
| Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | |||
| E | 6 | |||
| Other taxation | and social security | 416 | 700 | |
| Other creditors | 90 | 76 | ||
| Accruals and deferred | income | 6,261 | 5,987 | |
| 6,767 | 6,763 |
| Balance at | Resources | Revaluations | Balance at | ||
|---|---|---|---|---|---|
| 1 January | expended | gains and | 31 December | ||
| 2022 | losses | 2022 | |||
| E | 6 | 6 | |||
| Permanent | endowments | ||||
| Endowment | fund | 1,461,605 | (3,146) | (43,737) | 1,414,722 |
| 1,461,605 | (3,146) | (43,737) | 1,414,722 |
| Balance st | Resources | Revaluations | Batance at | ||
|---|---|---|---|---|---|
| 1 January | expended | gains and | 31 December | ||
| 2021 | losses | 2021 | |||
| 6 | 6 | 6 | |||
| Permanent | endowments | ||||
| Endowment | fund | 1,297,146 | (3,068) | 167,527 | 1,461,605 |
| 1,437,051 | (2,853) | (137,052) | 1,297,146 |
| 17 | Analysis of | net assets | between funds | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
| 6 | f | |||||||
| Fund balances at | ||||||||
| 31 December | ||||||||
| 2022 are | ||||||||
| represented | by: | |||||||
| Tangible assets | 5 | 5 | 5 | 5 | ||||
| Investments | 1,038,428 | 1,408,894 | 2,447,322 | 1,312,732 | 1,455,779 | 2,559,699 | ||
| Current assets/(liabilities) |
45,73S | 5,828 | 51,566 | 34,928 | 5,826 | 64,301 | ||
| 1,084,171 | 1,414,722 | 2,49S,893 | 1,347,665 | 1,461,605 | 2,624,005 |
| 2022 | 2021 | |
|---|---|---|
| f | ||
| Within one year | 9,702 | 6,455 |
| Between two and five years | 24,269 | 33,971 |
| 33,971 | 40,426 |