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





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|Trustees|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The<br>following|persons|were<br>Trustees||during|the year||and|held|the|Committee|or School|Governor|
|appointments|indicated:||||||||||||
|MrJBird||Trustee|||||||||||
|Rev Andrew<br>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||||||||||



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|||||
|---|---|---|---|
|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||



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||||Note|Unrestricted|Endowment|Restricted|Designated|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Fund|Funds|Funds|Funds|2020|2019|
|Income and endowments||||||||||
|Investment<br>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<br>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|





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||||Note|Unrestricted|Endowment|Restricted|Designated|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Fund|Funds|Funds|Funds|2019|2018|
|Income and endowments||||||||||
|Investment<br>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<br>on charitable||activities||||||||
|Education<br>Other expenditure||||1,600<br>1,744|6,722|2,259||3,859<br>8,466|4,519<br>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<br>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|





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||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<br>Funds|12|290,301||||290,301|275,778|
|Endowment<br>Funds|13||2,080,588|||2,080,588|2,056,565|
|Restricted Funds|14|||205,788||205,788|191,729|
|Designated<br>Funds|15||||198,126|198,126|186,777|
|Revaluation<br>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|





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||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<br>Funds|13|275,778||||275,778|250,895|
|Endowment<br>Funds<br>Restricted Funds|14<br>15||2,056,565|191,729||2,056,565<br>191,729|1,977,279<br>168,158|
|Designated<br>Funds|16||||186,777|186,777|165,262|
|Revaluation<br>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|





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||||2020|2019|
|---|---|---|---|---|
|Income|from COIF Charities Investment<br>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|



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|2020|2019|
|---|---|
|1,560|1,344|
|1,560|1,344|



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||Unrestricted|Endowment|Restricted|Designated|Total|Total|
|---|---|---|---|---|---|---|
||Fund|Funds|Funds|Funds|2020|2019|
|||||E|||
|Education<br>Other expenditure:|||||0|3,859|
|Insurance<br>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|



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||||||At 31|
|---|---|---|---|---|---|
||||At 1 January|Movement|December|
||||2020|in Year|2020|
|At cost|||1,496,313||1,496,313|
|Unrealised<br>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<br>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<br>and Skills||||||
|School Resources|||32,833||32,833|
|Arising on Revaluation|||2,589,612||2,589,612|
||||4,085,925||4,085,925|



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





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|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|



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|||||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<br>in||Funds:||||
|Incoming||||5,778|5,923|
|Expenditure,|gains, losses,||&transfers|8,745|18,960|
|At 31December||||290,301|275,778|





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||||||Movement|in Funds|in Funds|||
|---|---|---|---|---|---|---|---|---|---|
|||||At 1Jan||||||
|||||2020|Incoming<br>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<br>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|



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|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|





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



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|||Tangible<br>fixed|Tangible<br>fixed|Tangible<br>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<br>Fund||4,085,925|||522,762|61,513|4,670,200||
|Designated<br>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<br>amount of|financial assets||||||||
|Debt instruments<br>measured||at amortised cost||||304,790||276,459|
|Instruments<br>measured|at fair value through||the|SOFA||1,004,976||947,376|
|Carrying<br>amount of|financial liabilities||||||||
|Measured<br>at amortised|cost|||||31,194||9,299|



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