SALISBURY HOUSE R¢gfi8tered Charlty No. 526739 TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 BWM CHARTERED ACCOUNTANrs SALISBURY HOUSE TRUSTEES, REPORT AND FINANCIAL STATEMENrs For the year ended 31 December 2021 CONTENTS Page Tn￿tee8, Report Ind¢p¢ndent Examiner's Rq)ort Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements SALISBURY HOUSE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 The Tryst¢es present their ¥nnual Tewt and financial ststelnents of the charity foT the year ended 31 December 2021. The financial sthtements have becn prepared in accordance with the accounting policies set out in noie l io th¢ accounts and comply with the Charities Act 2011 and Accoulltill8 and Reporting by Charities.. Statement of Re¢onJmended Practi¢¢ a￿liCable to chariti¢s preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK Republic of Ireland IFRS 102) (&$ amen￿1 for Accounting periods commencing l January 2016). R¢ftreD¢e and *dmlnlstr*tlv¢ IDfonnAdon Trustees The following peTSOllS were Tnw ikning the year attd held the Comrritte¢ or School Governor appoititTn¢nts indicatsd.. Mr J Bird Rev Andrew Co]mer Mrs L Davies Mrs J Griifiths Mrs V Kerr Rev. H Lea-Wi180n Mr8 W M&¥on Mr S McClellAnd Mrs D Owen MrNPye Mr A Ramsay Mr K Swallow Mr P WIK)dw4rd Trnstre Ex Offi¢io Tn Tre4SUT¢r & FoUnd￿lOn Governor T[￿fee Head Teath Trus Trusttt President & Foundation Governor Foundation Governor Trustee Secretsry & Foundation Governor All Tntstee8 ar¢ instructed in the praeti¢¢ of the TTr￿1 and where th¢y are Foundation Governors of Childwall Church of England Primary School r¢¢¢iv¢ ITaining ￿ provided by the Liverpool Educati(Trn Authoriry. PrlDclpal Addr¢ The Trnstres of Salisbury Howe Childwall Chur¢h ofEngland Primary S¢h(x)I Woolton Road LiverwK>I L160JD Independent Ex*mkntn BWM Th¢ TempesL Suite 5.1 12 Tithebarn Stre¢t Liverpool L2 2DT BaDker8 HSBC 4 Dale Stree¢ LiverEx)ol L69 2BZ vHlmeDt M*n*8¢f CCLA sen8￿r House 85 ￿￿teD Victoria Street London EC4V 4Er ObJectivey #Dd *ctlvlt(eJ for the pllbJi¢ be4efit The Liverpool Orphanage and its endowments were brougb¢ within the provisions of the Salisbury House Foundation by way of a Scheme mad¢ by the Secretary of Sthte on I I Sep*mb¢r 1964 and varied 8nd approved by the Charity COMM￿10ners 00 3 (ktober 1977. The LiverwK)l Orphaoage was originally estsbli5hed in the nineteenth century a￿1 later Ye8ulated by fith %hemes dated 1913 and 1925. By agreement with the ChaTity Coounissioners the Sch¢rne was reorganised on 21 Octokn 1998, whereby the various endowments were restTU¢tured inio {1) Pctmanent Endowment Fun4 (2) Genernl Fund {3) Ethication and Prize Funds, {4) the ￿tT￿rdinary Repoir Fun4 (5) Chapel Fund. Under the tenns of the various Sch¢mes the TnMees are to F¢rniii the land and buildings owpned by the Foundati(m kn be us&J as a sehool for girls and boys. and it is provided that reli8Aous inslrnction consistent with the doctrines of the Church of F￿g1alld sball be 8iveD at the schwl. The Trustees we responsible for tbe CUfTeDtly in use by the Childwall Church of Englatbd Primary Schwl. Struetur4 goverDallee ind m*nagememt Salisbury House is a registered clwity, Dumber526739. aTrlconstityted undera Tntst Deal dated 21 October 1998. The charity does not Xtivety fuThIr￿. atKi seeks to COntiou¢ its ¢Tr￿l￿ble work through the caTefi ewarthhip of its existin8 fcsoiiTCW. Key management personnel The Trustees consider th¢ ￿ard of Trns*es and Presideni &$ comprising the key management personn¢l of the chan'ty in char8e of directin8 and contyolling th¢ Charity and ruDning and operating the charity on 4 day to day basi& All TnLStees 8ive of theiT lime freely and ￿ Tnw remuDtrnion w*8 paid in the year. TnLStees are rcquired to disclos¢ relevant ititer¢sts and re8iSteT them wxth th¢ President and ID accordatte¢ with the Trnst's policy witlmbaw from dttisi(M where of iD*rest ari3es. Trnstee de5¢ripuons may ¢ome under several tides.. Trustee. Ex Officio Tn￿te¢. Foundltion Governor. Tre&MLr¢r & Foundation Governor, P￿sIde￿I & Fow¥JauoD Govern￿. All Trust¢es are instru¢ted in the Pn¢ti¢e of the Tntsi and where they a￿ Foundaiion Governors of Childwall Church ofEng]and Pr￿ry School r¢¢eive as pwovided by the Liv¢ryKJoI kniion Authority. D¢v¢lopmeDt, A¢dvltles amd A¢hlevements Each of th¢ V4TiOUS Fund8 Iw been used during the year ￿ the besi advantsge and the gr￿ts made have been appreciated greatly by the recipiett FIllaDc1￿ Revlew The Cormvirus pandemic in 2021 meant thal as in the previous year. the activities of Frf)th the school and the Trustees were restriet¢d. No grants w¢re made frorn the &lucauon Fund (2020: £nil) or the Prize Fund (2020.. £rtil). There was W¥ expendintre fTom the Chap¢l fiuKI. The Endowment Fund expenditt￿e amoun*d to £6.792 in8urance eosts. G¢neral expens￿ compnsed Governallce costs of £1.649. The incomirtg resourees for the year were £29,284 and the to￿ resou￿¢5 expended amOUDted w £8.441, Tesuliing in surplus (before investment 8amsaosses) in the year of £20,843. At 31 D¥¢mber 2021 the ¢otal fijnds under the Tntsie¢s' management was £5.506,626 (2020.. £5 J64,415>. Trustees, R¢$ponslbllltiu In r¢latloD to the Illl￿¢￿] $t*t¢mtllt• The charity Trustees are r¢s￿nSIble for preparing a Tn￿le¢s, amiual rew)rt and financia] sthtements in accordane¢ with applicabl¢ law and United Ku)gdom A￿UntIng Stsndards (United Kingdom Generally Accepted A¢¢oun¢in8 Practi¢¢). The law applicable to chtiTities in EnBlaryl azhj WaJ&% requires the ¢tr￿rIty Tn￿tteS to prepare finan¢i41 slatemenL4 fOr￿h yearwhich give a true and fairviewof thestsleof atTairsof the charity and of the incoming Tesources and application of r¢50uY¢e4 of the charity for period. In prepari￿ the fin8D¢ial statemettts. the Trustees att requiml io.. scl¢¢t suitsblc accounting polici¢s and apply th¢m consiS￿n￿. observe the m¢tho&s and pri￿[PleS of the Charities SORP. make judgements and estimates that arc reasonable and prudenL' slate whether applicable accounting standard5 have treen followe4 subject to any m4terial departtwe6 that must be disclosed atKI exptained ID th¢ fllwicial stat¢men prepaTe the fllwicial slatements on the goiD8 cThK¢rn b￿lS unless 1¢ is I￿ap￿TI￿te to presume tha¢ the charity will ¢ontinue in b￿lD The Trusiees aTe respoTtsible for keep￿ proper a¢￿￿ntIng recor&8 thai diwlose with reasonable accurncy at any time the fmancial p)sitioD of the Chan'ty and to enable them lo eAJsure that the fitMncio14atements comply with the Charities Aci 2011, the applicable Chariti&8 IAccounts and Reports) Regulations. and the provisions of the Tnjst d¢e not a¢¢ord with those or the accounts do not wmply with the applicable requirements concernitig thc fonn and ¢ontenl of accounts set out in the Charities (Accounts and Reports) Re8ulaii0tts 21K)8 other than any requiremeni tbat the accowits 8lVe a true and fair vlew which 18 IM)t a mtttter ¢onsidered as part of an examirtatiort. I have no concerns and have com¢ no other matters in connection with the examination lo which attention h￿Id be drawm in this report in or&r to enable a prcocruDts5tsDding of the wxounts to be reached Mr Pettr Ta4ffe FCA CTA DCbA BWM Chart¢red A¢¢ountants The Temp&8L Suite 5.1 12 Tithebarn Stre¢t Liyerpwl L2 2DT Dated.. 1310712022 SALISBURY HOUSE STATEMENT OF FINANCIAL ACTIVITIL8 For th¢ yeaT end￿ 31 Decettd>cr 2021 Note Unre$trkt￿ End0￿ent Restrletsd D¢*L*ted F￿lld Fundi Fundi Fundi Total 2021 Ttst*l 2020 ID¢om¢ and endowments Jnvestsneni itwm¢ 29 15 76 4.750 Total Income 15276 Expendltu Expendffiture on eb•rl¢*ble *ctlvltl Other expendlture TotAI Expendlture Iyet %alnjl(Iw￿) on lttvu¢m¢nts 1.649 6.792 67 o? 8,441 121368 23,321 io Net Incomelexpendltu 21,786 75.991 23,712 20,722 142211 63,954 Fund8 #t l Janu*ry 2021 4 670 2LKI 205 788 198 126 5 364415 5 3(M)461 Fundi It 31 Deeember 2021 14 312087 4746 191 218 848 5 506626 5 364415 SALISBURY HOUSE For the year end￿ 31 2020 Note Uurestrieted Endowment Restrlcted Detiznated Fllnd FuDdB Fwid• FuDd8 Totsl 2020 lllcome and endowments tnvesthieDt incom¢ 15 43 Total In¢ome 15 43 Expendlture Expendlture OD ehArit*ble Ktlvlt Educauon Other expendlthr* Total Expendlture lJ60 21.761 23.321 Net 84ln•l(losseJ) OD iDvtttments 49 Net Ineomelexpendlture 14.523 24,023 14.059 11,349 63,954 Fund$ At I Jan￿￿ry 20211 4 646 177 191729 186777 Fundts ai 31 Deeember 2020 14 4 670 21XJ 205 788 198 126 5 364415 SALISBiJRY HOUSE BALANCE SHEET Ai 31 December 2021 Note UnrestrReted Endowment Rtttrl¢ted D*nated Fund FuDds Fwids Tot*1 2021 Total 21120 T*ngible Flxed Ai*ts L4nd & Buildings Investments 4.085.925 4.085,925 4.085,925 1 126344 1004976 209 22 144.150 4 676.194 144 150 5 212 269 5090901 Current Assetj Bank Current Llablmd Credilors Net Current AJset• 102 165 294 357 273 514 TotAI Amets le ¢urreDt Mabllldes 4 746 191 218 848 5 506626 5 364415 The Fund• of the Charlty: Unrcstri¢ted Funds Endownent Funds Restricted Fund5 Designate41 Funds Revaluation Reserve Total cbarlty fuod• io 312,087 312,087 290,301 2.156,579 2,080.588 229,500 205,788 218.848 198.126 2 589612 2 589 012 218 848 5 506626 5 364415 2.156,579 12 13 229J(Kl 218.848 2589612 4 746 191 14 312 087 Th¢ notes at pa8es I I w 18 fonn part of these ￿Unts. Approved by the Trnstee8 on 28 April 2022 and sign&1 on their bebAlf by: NPye President io- SALISBiIRY HOUSE NOTES TO TRE FINAN(14L STA TEMEN7S For the yeaT endeAI 31 Dtte￿￿ 2021 Aeeowitkng Pollclej of preparatlon and aw$8mellt of golDg eoDeern The a¢¢owits (fllwjcial ststements) have been prepared under the historical eost eonvention ith items Tecogntsed at cost or lrnnwtion value UllI￿ otherwise 5tat¢d in the relevant note(s) th these aec(Nmts. The financial sththents have been pr¢pared in accordance with the Swemeni of Re¢ogni*J Practice: Accounting trd ReNJrting by ChaTities preparing their accouttts in *cordance with the Financial Reporting Standard applicable in the UK attd Republi¢ of Ire]and IFRS102) i&sued on 16 July 2020 the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland (FRS102). Bull¢tin I and 2 publishoj in 2021 and the Charitie5 Act 2011. At the titne of approving the accounts and ts detail￿] in the Tn￿le¢s, report the Trnst¢es hav¢ ¢onsidered the impact of Covid-19 on th¢ charity and the Tn￿teeS have a reasonabl¢ expectation that the chan.ty has adequat¢ re50urcu to coniinue in operntiOrt￿ existence for the fore%eable fiJrn￿. Thus. the Tn￿te¢S continue to adw the '8OirtB ¢on¢¢rn' basis of accounting in pryaring the a￿unts. Th¢ ￿QunIS aTe prepared in strrlin8. whi¢h is the functional currency of the trus¢. Monetary amounts in these fu￿￿181 stsiem¢nts are Tourmled ￿ the nearest £. The accounts have dep8rt¢d from the Charities (Accounts and Report5) Regulations 2￿8 only io the extent r¢quirA4 to PTovide a true and fair view. This d¢p8rture ha5 involved followin8 the Stst¢m¢nt of Recommend￿ Prnctiee for chariti¢$ applying FRS 102 rather than the version of the Sthtemeni of Recommthded Prn¢¢i¢¢ which is refeued lo in the R¢8ulations but which since been withdrnwn. The Chariry tsken ￿v9￿￿8¢ of the provisions ID the SORP for Ch*itie5 applyin8 FRS 102 Update Bulletin l ftot to prqjare a Ststemeni of Cash Flows. Ineome reeogttldo All income will be recogllised once th¢ trw5t has enlitlement to the tticome, it is probable that the income will be received tyl th¢ an)OUDt of income receivable can be m¢&sured reliably. Interest on fithds hekl ott de4MXit is in¢hNled wben receivable th¢ amount can be measured reliably by the trwst; this is nornully up)D ttotifieation of the interest paid or payable by the bank or inv¢s¢ment nwex. Expendlture refognltAo Liabilitits arc rccowsed ￿ ¢xpenditure &$ s(¥)n as there is kgal or ConsIn￿lIve obli8ation committin8 the charity to that expendlntye. li is probable that %ttlement will be required and the atllOUDI of th¢ obligatson can be n)e&S￿ reliably. All ¢xpendi¢ure is accoullted for on #n xcruals b&8is. All expeJJses includin8 8oveiyianc¢ sts are allocated or apportioned ts) the appIl￿b]e eX￿dItuTe headin8S. Grants payable are p8￿¢5 made to CWTent or forner pupils in r]nancial Deed to enable them to fitrther their rJJu¢al1o￿ or prizes awarded to eutTeDt puptls for attainment in 9)me are4 e.g. attcDdaD¢e. Graots are a¢¢n￿d once the r¢cipi¢nt ha5 been notified of the st￿1 b) d) Gr￿1 making ￿M¢Y The tNst has estsblisld its grant making policy to achTreve its obJ'¢¢ts for the public benefit. Irr¢¢•v¢rable VAT 1￿C¢O¥erable VAT is Charg￿ again￿ the expermliwre headi￿8 for which il was incurr&l. Allot#tlon of $upport govern*nte eosts Gov¢rnan¢e costs Convi￿ all costs itivolviDg the public a¢countsbility of tbe charity and its compliance with regulation 8nd gthd pra¢ti¢e. These costs tnclude costs related to inder￿¢￿t examitwion and legal fees togeth¢T with an ap￿￿tIOn￿ent of overbe*ts. SALISBURY HOUSE NOTES TO TBE FLYANC14L STA TEMEN7S For the year ended 31 Decelts 2021 Ch•ritable artivities Costs of cbaTitsbk activities inchknle 8r8nts governance costs 8nd other relevant h) Flxed amet Invekn¢Dts IDvestments are a fomi of b*si¢ fu￿nCl￿ itLStn￿eD1 and fj￿ inilially re£oEnised at th¢ir tra￿CtiOn value and subsequently mea￿rea ￿ their fair value as ai the balanee sh¢¢t date using the closing quot￿1 ma￿( price. The ststement of fuwicial activities iti¢lude8 the nct gains and losses arising on revaluation and disp05als throughout the yeor. The main forni of fingn¢i41 Ti5k faced by the ¢tr￿lty is of voknility in equity mark¢ts and investment nwkets du¢ to wider ￿0￿0￿￿¢ ¢oThlitions. the attill￿e of invtstors to itivestsnent risK and Changes in seniimeni con¢¢rning equiues and within particul4r secto or wb se¢kn. Impalnnent of fix¢d At ¢gch rwrting end date. the charity reviews the rJaryin8 amouIits of its tangible assets to deterniine whether there is any indiuiion that those a&sets have suffe￿1 an impairnient loss. If any such indication exisLq, the rtcoverable amouni of the 14s¢t 15 estima*d in order lo detem)ine the extrnt of the impairment loss (if any). L•Dd Ind bulldlngs The pft)pety at Woolton Rog4 Liver￿￿1. is c•pitslis¢d 1¢ vthluation. Reall$￿ £Aln• #nd loues All gains and losses are tsken to the Ststement of Fin&￿la1 Activili¢s w they arise. Realised gains and lo&ses on itivestmcnts gre ￿lculate￿I as the difference between sales pmceeds and their opening carryin8 vAlue or their purch￿ value if aequir¢d 5ubsequenl lo the r￿s1 day of the fjnancial year. Unrealised gains and10&8es are ¢￿tUla￿d ￿ the difference between the fair value Ai the year ¢nd and their caryin8 value. Reglis¢d and unrealised investsnertt gains and loss&q aye Combin￿ in the Ststemeni of Fitiatieial A￿lY1￿¢s. T*xadon J) k) i) S4lisbury House is a regI￿tIed ¢lwity #nd is genttally exempt from tsxation. Restrlcted fund• Restrickd fimds are used for the puryjow specified by the donor. ￿￿dIture wbicb meets the ￿lleria is identified to the fimd. Unrestrlcted funds UnTeslTi¢ted funds are dOnatio￿S and any oth¢r income received or generated for the objects of th¢ cljarity without further 4)eeified PUIFW arKI are available as s¢pw3t¢ funds. DeslgDated fund The designa¢¢ fund holds earni8thd rtsourc¢s towards the development and replacement of the premises. A transfer of costs and ￿￿ling is made when developments in progress are completed and fulty fundul by the conknkntTD8 FArti¢s. Grants retelved p) Grants received towards capitaI exFnditurc on thc building are includd in the flljancial statements when r¢¢eiYed. EDdowment f•nds The Clwity has elected to apply the provisions of Sectiott 11 'B&si¢ Financial JLstruments' and Se¢tion 12 '0ther Financid 1￿￿￿￿ellts Iwes, of FRS 102 ￿ all of its fujancial 12- SALISBURY HOUSE NOTES TO THE FINANCL4L STA TEMEIVTS For the year eATrded 31 De¢¢mb¢r 2021 party to the c0ntrncts￿ provisions of the instrumenL Financial assets and liabiliti¢s w¢ offseL with the net amounLS pTesented in the fujancial statem¢nts. when there is a legally enforceable right to sel off the recoEnised amounts and there is an intrntion OD a net basis or th rt￿1$¢ the ass￿ and settle the liability simulthneously. Basic fmancial which include debiors atsj e&%h and bank balances, are initially measured ai transaction price including ITar￿l¢tion costs and are sub5¢quently catTied at ortised cosl usin8 the efftttiv¢ ititerest method unle&s the grrangemeoi ¢onslithtes financitig traDsaciion, where the transaction i% me*sured at the preseni value of the futtw¢ receipts discounted at 4 markei ra* of intrresL FiDaD¢i41 &s*ts cl&ssified &8 receivable BAsle IlnAllel￿ Basi¢ fuwKial IAabilities. iticluding creditors and bank loatts 8r¢ initially recognised at irnnwtion PTice unle&s the arr&n8eiiieDI ¢onsiitute5 a fwAoncin8 fran￿CtiOn, where the debt instswnent is m¢o8ur¢d 8¢ the present value of the futyr¢ receipts discounted ai a market r* of interesL Financial liabilitR¢S classif￿4 as payable within one year are not amortised. Debt instruments Are 8uiwuently carried ai amortis￿ ¢osL using the eff￿lIve interest rate method. Trade creditrffs aye obligations ¢0 pay forgo(xls or s&vices that have been acquired in the ordinary course of operations from suppli¢r5. Amounts payable are clas5ifTr¢d ￿ currenl liabiliiies if payment 15 thi¢ within one year or I￿$. If no( tlw are presenied as non-current liabilities. Trade credi￿rS are Te¢o￿lsed initially ai tratwction pri¢¢ and subsequent]y measured At omorti5¢d cost using the effective ititrr¢51 methcxL Dertto8nltlon of fil￿¢1•1 U*bWt Financial liabilities are der¢cognis¢d when the clwity's ¢ontra¢tua] obli8atioDS expire or are di￿bar8ed OT ￿￿elled. CritAeai attouttthhi uthn•tes Ind Judgements In the application of the charity'5 accounling ￿lI¢jeS. the Tnts*es are required to make judgwnents, estimates and assumptions alxTrut the canying gmouni of &ss¢ts and liabiltties thai are not re&lily appar￿1 from other Sour￿5. The estitt￿leS alld ty0cla1￿1 ￿UmptiOnS based on historical experience aDd other factOTS that are ¢J)nsidertl ty be relevaDL Actual results may differ from these ¢slimat¢s. The estimates and underlyitig &￿ll￿pIlO￿$ are reviewd on all ongoing basis. Revision5 to eccountiDg estimates are recognised ill the period in which the C￿lMa￿ is ￿VIs￿ where the revision affects onty that p¢rio& or in the puiod of the revisi(m and periods where th¢ T¢vision affects both cuntht and futur¢ 2. Related p*rty tr*nuetitstss *lld Tr￿See¢s, ezpeDses Ind remwier•tio The Tn￿ 811 give freely of their tim¢ and expertise without any forni of remuneration or other benefii in cash or k￿￿(2020.. £nil). There were no related pArty traDsa¢tsons ID the year. 13 SALISBURY HOUSE NOTLf TO THEFINANCL4L STA TEMENTS For th¢ yeaT end￿ 31 December 2021 3. Invejtmellt iDeome 2021 2020 Jncome from COIF CtrwAti&q Investsnent Fund Income from COIF Charities Ethical Investmeni FuThl In¢om¢ from COIF Charities Fixed Intcresi Fund Encome from COIF ChaTiti¢s Deposit FuTrJ Illtert￿ on dew￿lts 22.704 236 2.592 3,736 14 22262 230 3.021 4.053 107 4. Allo¢ation of ￿Ve￿￿te ¢0 Govern#nee costs 2021 2020 Independent examination fee 1.644 1,560 The Trnst¢¢4 ha￿ decided to meet all 8overnatt¢¢ ¢osts from unrestricted fitnds and $0 no allocation or eharg¢ is made to restrictrd funds for atty gov¢mance rela*d costs. All 80ver[w￿ costs Ail(xgted to Beneral expenses. S. An4]y￿S of ¢b•rltsble expend1￿re Utirestri¢*d EDdowmeni Restriet¢d Designated Fund Funds Funds Totsl 2021 Total 2020 6.792 6.792 6,829 Repair5 & Maintena￿¢ 14,932 1,560 Bank char8e8 2020 6. fjfremuller*tioD of key mxm*8anettt The Tn￿( conslders its k¢y ma￿eMent per9)nnel comprise the TTus*¢s and the President. Non¢ of tbe Trustees rKelv￿1 ally remuneraiion ill the y#r (2020: £DiI). Akn. none of the Tn￿tee8 rec¢tv¢d any expenses in the year (2020: £nil). 14- SALISBURY HOUSE NOTES TO THEFINANCIAL STA TEMEM For the yearended 31 Decem1* 2021 7. Land and Bulldlngs Freehold property situa*d at Childwall Cburch of Engknd Primary SchcM)L Wwl¢ofj Roa LiveryKK)I: Ai31 December 2021 At l January 2021 Movement in Year Atco 1.496J13 1.496.313 OD 30 November 2004 on 18 Jun¢ 2010 1.162,970 1,426,642 .162.970 1.426,642 4 085 925 4 085 925 ContrlbudnR eltmenti: R￿urCeS of the Trus(ees of Salisbury House Grants frotn Livewl Edu￿1]0￿ Committee Grants from the Department for Education and Skills SCI￿01 Resourees Ariqing on Rev)h￿tioll 565.507 565.507 242.919 242.919 655.054 655,054 32.833 2 589612 4 085 925 32,833 2 589612 4 085 925 The freehold propety w&8 valued on the 18 June 2010 by EC H￿Tis LLP. The propw w8$ valued at £4,085,925 ¢urr¢nt nwket value b&￿d on an ￿1$11￿8 or similar use b&sis. 8. Flxed knlet IDvetheDts 2021 2020 Mwket value at l January 2021 Utyealised Revaluation SurphL8 1,004,976 121,368 947,377 57,6 Mthel Val￿ at 31 D￿eMber 2021 15- SALISBURY HOUSE OTES TO THE FLVANCL4L STA TEMENTS For the year ended 31 Decemkn 2021 Inv¢stmeDt It f*ir value Cornpri*d: AU itivcstments are cani¢d ai their fair valu¢ Liquidity risk is anticipated ￿ be low as all assets are traded and the comrnitmeni ￿ illtervention by central boDks and markd regulators has ontinued to provide for orderly trading io the markets and 50 their ability to buy and sell quoted cquities and stock is aoticipatrd to continue. The TDJst'$ investments ar¢ mainly traded in markets with good liquidity and higb ¢r*liDg volujnes. The Tn￿¢ has oo n￿terial investtJent holdings ID markets subjc¢t io exchange controls or trading TestriciioTrs. The Trust manag¢s these investsnent risks by retaining exfv advisors •Dd operatin8 an inVestD￿l policy that provi(ks for a kn"8h *ree of diversification of holdings within investhient ¢lasses that aye qUO¢¢d on reco8nised stsKk exchan8e8. Ori8inal Market valu¢ 2021 value 2020 Charities otTicial Investment fiuxd incozne slwes COIF Ethi¢¥l investsneni itieom¢ units Charities oifi¢ial Investhi¢D¢ Fixed Jntere81 293.052 1.022,508 8,763 895,481 7,723 98.025 95.073 101,772 396 077 1 126344 9. AnaJysl* of ellrreDt JIAbllltles Totsl 2021 Total 2020 Acctwl for.. Ind¢p¢ndeni EXaMitioti￿ fee Education 8rAnts Prizes 1.560 1,134 1,199 27.382 31 76 10. Unratrl¢ted funds 2021 2020 At l January mOve￿e￿ 14 Funds: Incorning Expenditure, gains, losses, & traL8feTs At 31 Deevnb¢r 290301 275.778 5,529 57 312087 5,778 290 301 16- SALISBURY HOUSE NOTES TO THE FINANCIAL STA TEMENTS For the year ended 311)e¢ember 2021 11. Elldowment Fund% Mov¢Tnent in Funds At l Jhn 2021 I￿OMing Lxpenditur¢, gains At 31 Dec 2021 PernMieD¢ Endowment Fund Expendable Endowment Fund Totsl Endowment Fund 4.504,075 4.504.075 15 15 242117 4 746 191 46702 77 At l Jan 2020 InwmiDg Expendittwe. 8aitts. Al 31 Dec 2020 lo&￿, & transfers Fund Expendable EndowTreDI Fund Total Ettdowm¢n¢ Fund 4,504,075 4,504,075 142 102 4646 177 4 670 200 Th¢ Endowment Fund relates ￿ th¢ original endowiDeDt and incom¢ ￿)Sing thereon. Expendinwe for the 12. Re#rl¢ted Fund• Movement in Funds Al l Jan 2021 In¢omiug Expenditure, gaitis. At 31 Dec 2021 Education Fund Prize Fund Chapel Fund 173,535 19,772 3.961 553 236 15,577 2,345 193.073 22,670 205 788 Movanent in Funds Ai l Jan 2020 Incoming Expenditure. gain4 At 31 2020 lo&￿. & fraTrsfers Eth1¢4ti0n Fund PTize Fund Cbapel Fund 161.815 18.125 11.789 191729 4.023 552 235 7.697 1,095 457 173535 19,772 205 788 17- The Ethicatiin Fu￿j is to be ￿Sed ￿ pn)mote the edueation of peT5(￿S ullderthe age of 25 who are pupils OT fornler pupils of Childwall Church of Ettg]and SchiK)I who are in need of f]nancial a&sistaiice. The Prize Fulld is to be for the awa￿ of annual prize5 to pupils or fornier pupils or Childwall Chuwh of E￿gland Primary School in wition of their aclll"cvem¢nts. The Chapel Fund is to be used ￿ wuire rtligious artefacts. fillniture and other items which may, from time to time. be de￿rri￿ for the of Chrxstsan worship, teaching and f¢llowsTrllp. 13. DewAted Fund• 2021 2020 Al l January 2021 198,126 186,777 Movemenl in Fun&%'. Incomin8 3.729 16,993 3,844 7.505 Ai 31 D¢¢ember 2021 218848 198.126 The ExtsaoTdiDary Fund bBs be