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2020-12-31-accounts

CONTENTS Page
Trustees'
Report		 3-5
Independent
Examiner's		 Report
Statement ofFinancial Activities 7-8
Balance Sheet 9-10
Notes to the Financial Statements

Trustees
The
following		 persons were
Trustees		 during the year and held the Committee or School Governor
appointments indicated:
MrJBird Trustee
Rev Andrew
Colmer		 ExOfficio Trustee
Mrs LDavies Treasurer &Foundation Governor
Mrs JGriffiths Trustee
Mrs VKerr Trustee
Rev. H Lea-Wilson Trustee
Mrs W Mason Head Teacher
Mr SMcClelland Trustee
Mrs D Owen Trustee
Mr N Pye President &Foundation Governor
Mr A Ramsay Foundation Governor
Mr K Swallow Trustee
Mr P Woodward Foundation Governor

Principal Address Independent Examiners
The Trustees ofSalisbury House BWM
Childwall Church ofEngland Primary School Castle Chambers
Woolton Road 43 Castle St
Liverpool Liverpool
L16OJD L2 9SH
Bankers Investment Manager
HSBC CCLA
4Dale Street Senator House
Liverpool 85 Queen Victoria Street
L692BZ London
EC4V 4ET

Note Unrestricted Endowment Restricted Designated Total Total
Fund Funds Funds Funds 2020 2019
Income and endowments
Investment
income		 5,778 15,243 4,810 3,844 29,675 29,766
Total income 5,778 15,243 4,810 3,844 29,675 29,766
Expenditure
Expenditure
on charitable		 activities
Education 3,859
Other expenditure 1,560 21,761 23,321 8,466
Total Expenditure 1,560 21,761 23,321 12,325
Net (gains)/losses on investments 10 10,305 30,541 9,249 7,505 57,600 131,814
Net income/expenditure 14,523 24,023 14,059 11,349 63,954 149,256
Funds at 1 January 2020 275,778 4,646,177 191,729 186,777 5,300461 5,151,206
Funds at31December 2020 17 290,301 4,670,200 205,788 198,126 5,364,415 5,300,461

Note Unrestricted Endowment Restricted Designated Total Total
Fund Funds Funds Funds 2019 2018
Income and endowments
Investment
income		 5,923 15091 4,797 3 955 29,766 28,833
Total income 5,923 15,091 4,797 3,955 29,766 28,833
Expenditure
Expenditure
on charitable		 activities
Education
Other expenditure		 1,600
1,744		 6,722 2,259 3,859
8,466		 4,519
13,618
Total Expenditure 3,344 6,722 2,259 12,325 18,138
Net (gains)/losses on investments 10 22,304 70,917 21,033 17,560 131,814 24,221
Net movement
in		 funds 24,883 79,286 23,571 21,515 149,256 (13,526)
Funds at 1January 2019 250,895 4,566,891 168,158 165,262 5,151206 5,164,732
Funds at 31December 2019 17 275,778 4,646,177 191,729 186,777 5,300,461 5,151,206

Note Unrestricted Endowment Restricted Designated Total Total
Fund Funds Funds Funds 2020 2019
Tangible Fixed Assets
Land k Buildings 9 4,085,925 4,085,925 4,085,925
Investments 10 192,016 522,762 163,041 127,157 1 004,976 947,376
192,016 4,608,687 163,041 127,157 5,090,901 5,033,301
Current Assets
Bank 99,845 88,896 45,080 70,969 304,790 276,459
99,845 88,896 45,080 70,969 304,790 276,459
Current Liabilities
Creditors 1,560 27,383 2,333 31,276 9,299
Net Current Assets 98,285 61,513 42,747 70,969 273,514 267,160
Total assets less
current liabilities 290,301 4,670,200 205,788 198,126 5,364,415 5,300,461
The Funds ofthe
Charity:
Unrestricted
Funds		 12 290,301 290,301 275,778
Endowment
Funds		 13 2,080,588 2,080,588 2,056,565
Restricted Funds 14 205,788 205,788 191,729
Designated
Funds		 15 198,126 198,126 186,777
Revaluation
Reserve		 9 2,589,612 2,589,612 2,589,612
Total charity funds 16 290,301 4,670,200 205,788 198,126 5,364,415 5,300,461

Note Unrestricted Endowment Restricted Designated Total Total
Fund Funds Funds Funds 2019 2018
Tangible Fixed Assets
Land &Buildings 9 4,085,925 4,085,925 4,085,925
Investments 10 181,711 492,221 153792 119652 947,376 815,562
181,711 4,578,146 153,792 119,652 5033,301 4,901487
Current Assets
Prepayments
Bank 95,411 73,653 40,270 67,125 276,459 257,885
95,411 73,653 40,270 67,125 276,459 257,885
Current Liabilities
Creditors 12 1 344 5,622 2,333 9,299 8,166
Net Current Assets 94,067 68,031 37,937 67,125 267,160 249,719
Total assets less
current liabilities 275,778 4,646,177 191,729 186,777 5,300,461 5,151,206
The Funds ofthe Charity:
Unrestricted
Funds		 13 275,778 275,778 250,895
Endowment
Funds
Restricted Funds		 14
15		 2,056,565 191,729 2,056,565
191,729		 1,977,279
168,158
Designated
Funds		 16 186,777 186,777 165,262
Revaluation
Reserve		 9 2,589,612 2,589,612 2,589,612
Total charity funds 17 275,778 4,646,177 191,729 186,777 5,300,461 5,151,206

2020 2019
Income from COIF Charities Investment
Fund		 22,262 21,821
Income &om COIF Charities Ethical Investment Fund 230 225
Income from COIF Charities Fixed Interest Fund 3,021 3,021
Income from COIF Charities Deposit Fund 4,053 4,539
Interest on cash deposits 107 160
29,675 29,766

2020 2019
1,560 1,344
1,560 1,344

Unrestricted Endowment Restricted Designated Total Total
Fund Funds Funds Funds 2020 2019
E
Education
Other expenditure:		 0 3,859
Insurance
Repairs &		 6,829 6,829 5,206
Maintenance 14,932 14,932 1,916
General expenses 1,560 1,560 1,344
1,560 21 761 0 23,321 12,325
2019 3,344 6,722 2,259 0 12,325 18,138

At 31
At 1 January Movement December
2020 in Year 2020
At cost 1,496,313 1,496,313
Unrealised
gain on Revaluation
on 30November 2004 1,162,970 1,162,970
on 18June 2010 1,426,642 1,426,642
4,085,925 4 085,925
Contributing
elements:
Resources ofthe Trustees of 565,507 565,507
Salisbury House
Grants &om Liverpool Education 242,919 242,919
Committee
Grants from the Department for 655,054 655,054
Education
and Skills
School Resources 32,833 32,833
Arising on Revaluation 2,589,612 2,589,612
4,085,925 4,085,925

2020 2019
Market value at 1 January 2020 947,377 815,562
Unrealised
Revaluation
Surplus		 57,600 131,814
Market value at31December 2020 1,004,976 947,377

Comprised:
Original Market Market
Cost value value
2020 2019
Charities official Investment fund income shares 293,052 895,481 841,652
COIF Ethical investment income units 5,000 7,723 7,266
Charities official Investment fund Fixed Interest
shares 98,025 101,772 98,458
396,077 1,004,976 947,377

2020 2019
Accrual for:
Independent Examination fee 1,560 1,344
Education grants 1,134 1,134
Prizes 1,199 1,199
Repairs and maintenance 27,382 5,622
31,276 9,299
12. Unrestricted funds
2020 2019
At 1 January 275,778 250,895
Movement
in		 Funds:
Incoming 5,778 5,923
Expenditure, gains, losses, &transfers 8,745 18,960
At 31December 290,301 275,778

Movement in Funds in Funds
At 1Jan
2020 Incoming
Expenditure,		 gains, At 31Dec 2020
losses, &,transfers
Permanent Endowment Fund 4,504,075 0 0 4,504,075
Expendable Endowment Fund 142,102 15,244 8,780 166,124
Total Endowment Fund 4,646,177 15,243 8,780 4,670,200
At 1Jan
2019 Incoming
Expenditure,		 gains, At 31Dec2019
losses, &transfers
Permanent Endowment Fund 4,504,075 0 0 4,504,075
Expendable Endowment Fund 62,816 15,091 64,195 142,102
Total Endowment Fund 4,566,891 15,091 64,195 4,646,177

estricted Funds
Movement in Funds
At 1 Jan 2020 Incoming Expenditure, gains, At 31Dec 2020
losses, &transfers
Education Fund 7,697 173,535
Prize Fund 1,095 19,772
Chapel Fund 457 12,481
191,729 4,810 9,248 205,788
Movement in Funds
At 1 Jan 2019 Incoming Expenditure, gains, At 31Dec 2019
losses, &transfers
Education Fund 143,064 4,020 14,731 161,815
Prize Fund 14,663 543 2,919 18,125
Chapel Fund 10,432 234 1,124 11,789
168,159 4,797 18,773 191,729

2020 2019
At 1 January 186,777 165,262
Movement
in		 Funds:
Incoming
Expenditure,		 gains, losses, 4 transfers 3,844
7,505		 3,955
17,560
At 31December 198,126 186,777

Tangible
fixed		 Tangible
fixed		 Tangible
fixed		 Net Current
assets Investments Assets Total
Restricted Funds
Education Fund 0 136,344 37,192 173,536
Prize Fund 0 18,974 798 19,772
Chapel Fund 0 7,723 4,757 12,480
163,041 42,747 205,788
Endowment
Fund		 4,085,925 522,762 61,513 4,670,200
Designated
Fund		 127,157 70,969 198,126
4,085,925 812,960 175,229 5,074,114
General Fund 192,016 98,285 290,301
4,085,925 1,004,976 273,514 5,364,415
Financial Instruments
2020 2019
Carrying
amount of		 financial assets
Debt instruments
measured		 at amortised cost 304,790 276,459
Instruments
measured		 at fair value through the SOFA 1,004,976 947,376
Carrying
amount of		 financial liabilities
Measured
at amortised		 cost 31,194 9,299