SALISBURY HOUSE
Registered Charity No. 526739
TRUSTEES. REPORT AND
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED
31 DECEMBER 2022
BWM
CHARTERED AccouKfANrs

SALISBURY HOUSE
TRUSTEES, REPORT AND FINANCIAL STATEMEiYrs
For the year ended 31 December 2022
CONTENTS
Page
Trustees, Report
Independent Examiner's Re￿)rt
Stat¢menl of Financial Activilies
Balance Sheet
10
Not¢s to the Financial Ststements
11-18

SALISBiJRY HOUSE
RKPORT OF THE TRUSTELS FOR THE YEAR EI¥DED 31 DECEMBER 2022
The Trustees PTesent their aonuai rei￿ and fiD8ncitii ststements of the clwity for the year end￿ 31
December 2022. The fmancial ststements have been prepared in ￿cord￿Ce with the accountrng policies set
out in noie I to the accounts aod comply with the Charities Act 2011 and Accountin8 and Reporting by
Charities: Sts*meni of Recomtnended Practice applicable to charities preparing their accounts in accordanc¢
with th¢ Filw￿l81 Reporting Standard 44)licable in the UK and Republic of Ireland (FRS 102) las amended
for accounting periods comm¢ncing l January 2019).
Reference 8Dd admiDistrAtlve Infonnadon
Trustees
Thc following p¢Tsons wtre Trnsttts thring the year and heid the a)mmittee or School Governor
appointments indi¢atrl..
Mr J Bird
Rev Andrew Cohner
Mr5 L Davies
Mrs J Griffiths
MrsVKe
R¢v H Lca-wilson
Mrs W Mason
Mr S McLlelland
Mrs D Owen
MrNPye
Mr A Ramsay
Mr K Swallow
Mr P Woodward
Trusice
Ex Officio Tn
Tn￿tte
Trt￿tte
Trn5tee
Head T¢a¢h¢r
Trusie¢
TNs(ee
Presideni & Foundaiion Governor
Foundation Governor
Secretary & Foundaiion Governor
All Trnsttts are instrnc*d in the practice of the TnL8t and where they are Foundation Governors of Childwo11
Church of En8land Primary School receive training &$ provided by the Livewl Edu¢&tion Authority.
Prlnclpal Address
The Tru%tees of Salisbury House
Childwall Chur¢h of England Primary School
Woolton Road
Liverpool
L160JD
IDd¢p¢Dd¢nt EIAmlnen
BWM
The Tempest, Suite 5.1
12 Tithebarn Street
Liverpool
L2 2DT
Bankers
Investment M*nag¢r
CCLA
Senator House
85 Quecn Victoria Street
London
EC4V 4Er
HSBC
4 Dale Strttt
Liveoy)ol
L69 2BZ
Objectlves *Dd a£tivld¢s for tb¢ pub]i¢ bettefit
The Liverp￿1 0￿banage and its endowments were brought within th¢ provisions of the Salisbury House
Foulldation by way of a Scheme made by the Secretary of State on I I Seplernber 1964 and varied and
aN￿)ved by the Charity Commissioners on 3 October 1977. Th¢ Livcrwl Orphana8e wa5 0ri8illally
established in the nineteenth century and later regulatoj by further 5chem¢B dated 1913 and 1925.
By agreement with the Charity Commissioners the Scbeme was reorganised on 21 (ktober 1998, whereby
the varii)us elldoW￿e￿ts were restructtwed into (l} Penna￿¢ EDth)wment FuDd, (2} Generni Fund 13)
EdU￿tiOn and Prize Funds, (4) the Extraordinary Repair Funit and (5) Chapel Fund.
Under the ternis of the vario￿$ Schemes, the TTUSteos aTe lo pennit th¢ land and buildings by the
Foundation to be used &$ a Khool for girls and boys. and li is PTovided that religious i2JStn]ction coThsisteDt
with the doctrines of the Church of England shall Et gtven ai the school. The Trustees are responsible for the
aintenance and insurance of the property. ￿511)g income from the P¢rnJaneDt FndowrnenL The premises are
Currently in use by th¢ Childwall ChuTch of England Primary sch￿1.

Structure. governaDe¢ *nd man8gemettt
Sa]isbury House is a registered clwity, number 526739. ￿Nituted undcra TDJst Deed dated 21 October
1998. The eharity does noi activety fimdraise and seeks to C4Xltmue its ¢haritsble work through the careful
stewardship of its existing r¢50UTCts.
Key management persoiinei
The Trusie¢s ¢on5ider the ix)#rd of Tn￿letS and Presideni &$ cojnprising the key manag¢rn¢nt perSO￿le1 of
the clwity in charge of dire¢ting and controlling the charity and ruDniDg and ope￿ing the cFLarity on a day
io day b￿ls. All Ttumtts give of theTf lime frccly and no Trustce r¢tnuneraiton w&s paid in the year.
Tn￿lee5 are requirnl to disclose all r¢l¢vant interests and T¢gister them with the President attd in accoTdanc¢
with the Trns¢'s wlicy withthaw from d￿ls1on whtte a wofiici of inter¢5t arises.
Trnstee d￿ripts.0￿$ come under several title5: Trth, Ex Officio TnLs*e, Fouttdoti(Trn GovenM)r,
Treasuw & Foundaiion Governor. Pffsident & Fourthtion Govern(Y.
All Trusitts aye instructed in the practi￿ of the Tn￿ and wI￿e they are FO1￿￿a￿'0ll Governors of
Childwall Chuwh of England Primary School receive tsaining as provided by the Live4￿1 Education
Authority.
Development, A¢dvitiu and Aehl¢vemen(s
Each of the variou% Funds has been ubed dUrll￿ the year kn the be51 adYaDtAge attd the grants made have
be¢n appreciaied Bready by the recipients.
Flts*ncl*l Revlevl
Following two y¢8rs of reduced aciivity, the Tntst's a¢tivities in 2022 r¢turned to prtrpatidemi¢ levels. Th¢
Trustees werc pl¢&sed to provide Edu¢4tson Fund grdnts amounting 10 £2.13] (2021.. £nil). Th¢ Prize Fund
provided £540 for leavers. 8ifts for Year 6 (2021.. £nill. and the Chapel Fw)d £596 towards visits from B
Tales Christian theatre company (2021.. £nill. The Endowineni Fund exp¢nditure amounied 10 £17,804
¢omprisin8 £6,804 itLwrance costs and £1 1,000 refithishment ￿ provide 4 Sensory room (2021.. insuranee
£6,792}. Gen¢rAI expenses comprised Govemance w5ts of £1.808 (2021: £1,644) and Surv¢yoT'S fees of
£2.100. The total incoming resources (or the year were £31,342 and th¢ tothl resources ¢xp¢nded amourt*d
to £25,041, resultmg in a surplus Ilxfore investhhent 84in&qosses) in th¢ year of £6,301. At 31 Dettmber
2022 the total funds under the Trusltts, Man￿ement was £5,110.111 (2021: £5,506,626).
Truitees. Re$pon￿bIlld￿ In rel*doll ¢0 the IID*nel*l it•temeDts
The charity Trustees are reswTrnsible lor preparing a Trusiees. re￿rt and financial ststements i
accordance with applicablc law and Uniied Kitigdom Accounting Standarth (Utiiied Kingdom Gencr4lly
Accepted A¢couniing Practic¢).
The law applicable to chariti¢s in England and Wales Twiirts the charity Trn5tees lo prepare financial
statements foreach yearwhi¢h give a uue and fair view olthestate of affairs of theeharityand of the inci>ming
resources and application of rwour¢es. of the clwrity for thai peri￿ In preparing th¢ fuwicial ststemcnt4 the
Trnst¢¢s are reqU￿¢d to..
Select suitable ￿Counting p)licies and apply them emsiskDtIy:
observe the methods and principles of the Charities SORP:
￿￿k¢ judgemen15 and c5timaies that are rewnable and prudent;
slate whether applicable a¢countinB standarth have been followoj, subj#t to any material
departures that rnust be disc105cd and ¢xp]ained iti the fllwKial sts*ments;
prepare the fllJ4n¢ial stsiemellts on the going concern basis unlets it Is inapprwte to pre5Utlle
that the charity will coniilluc in b￿lne&s.
Th¢ Tn￿￿¢S arr restKwible forkeq)ing pro￿￿ accounting T¢¢oTds tbat disclo8¢ with reasonable aca]TaCy at
any time the fmancial position of the charity and io enable them to cr￿ure that the financial statements comply
with the Charities A¢t 2011. the applicable Charlties (Accounts and Reports) Regulation& and the pn)visions
of the Trust dced. They are also rtspotLsibl¢ for safegwding the assets of the ¢lLariry and tsking reasonable
st¢ps for the prevention and detectiOD of fraud and other itr¢gularities.

IDvestment p￿Y attd perform•nc¢
The Tn￿teeS have aligned their itivestment ￿lIcY with that of the Charities Official Investment Fund
Managers. On original itiveststtent the capital of the vaTiOUS funds were alloca￿￿.
75 /17 in Equity Units yielding gro￿ over the long *rni
25 /• in FIX￿ Ith*resi Units aimed ￿ provide a hi8b illcome yield
Monies deemed to be required fOr￿11th￿s projects art p]a¢ed on de￿SlI with COIF and accumulated income
balances are on bank dew)siL
Reserves Poll¢y
The Extr40rdinary Repair Fund reserve is Tequirvj ￿ meet the Truste¢s' wntributi¢)n to n¢w building costs.
Depending upon Government Policy ai the time the Trustees wnsideT a requiTed contribution by them of I￿/
of rep]acement building costs to be a re&qonable tsrg¢t.
The Trnstees end¢8vour ¢0 distribu¢e the accumula*d income within the restricted fujth and se¢k to make
known th¢ av4ilability of the grants.
Fitwlly, th¢ General Fund reserves are held at a level to the on80ing odministration of the Trust together
with anticipated supplements to the other funds.
Rl8k mmnigement
The Trusttts review th¢ major risks #i tri-annual meetings and have established systems to minimise th¢5¢
Retrultmettt of ￿tW TrD$te¢s
Rccrnitm¢nl of Trustees is carried oul ¢0 ap￿Int In￿ in keepiD8 with th¢ Ixst in¢¢r¢$ts of the TnLSt.
N¢w Tru8t¢¢s are re¢ruiied on the basis of their PrOf￿$10￿al skills and work ¢xp¢rien¢e. PrOSp￿tive
Tru$tce5 are approached if they have a pro(e&8iottal skill or rclevaDI willk expeneD￿, that the TNstee5
believe would benefit the Trus*e b)ard. or if a new Trnstre is requiTvJ to replarx a TTU5tee with a particular
profe￿10n or skill.
TrAlnln8
Upon appointmeni, new Twsitts are provided with A fil¢ of InfOrn￿tion on the history of the Trusi and its
sponsibililies towards the school.
Safeguardlng
T￿te¢S should keep U￿tr￿ate with safeBuarditi8 ¢h¥ng¢s in line with thl govwnoT Iraining.
T￿￿tee$ do not require DBS checks to be made as they (lo noi perforni any regula*d aciivity with adults or
chikn. Nevertheltts. whert Tn]stees hold governor posiuons with Childwall Chureh of Ell8land Primary
SclKK)l. they are requircd to have a DBS ch￿k carried oui through sch￿] proce&8es and ￿ read and sign
acknowledgemeni of tbe ￿1*(K)I,5 Safeguarding Policy.
Non-DBS4hecked Tru5tee5 wbo are i)n school premises where pupils are still preseni mus( ￿￿k¢ sll￿ that
they are accompall￿ al all times by 4 member of %hool ststr. OrDB￿heckCd Tn￿￿e.
Open 8Dd Posltlve Culture
The Trusl promotes a fair, open and positive cultUTe. All Tnjstees are able to report concerns, confident that
Ihey will be heard and responded to. Concern should be wed to the Secretary of thc TTUSt ID ¢onfidence
for inv¢stigation by # quonun of Tn￿e¢s, indeFtthi of the concern rnised.
Phn8 for the futu
Th¢ Trustees will continue to provide the premises for Childwall Church of England Primary School and '
particular a¢cumulate a resource towards the replacement of the building. They will continue to support
pupi15 and fornier pupils in theirpersonal and academic development atKI achievements through awards and

Publie Benefit
The charity's Trustees have complied with the thity ill secti(m 17(5) of the Cl)aTitsts Act 2011 to have due
regard to public beD¢fii guidance published by the Cbarity Commi&%ion.
On behalf of the Tn￿
NPye
President
29 February 2024

INDEPENDENT ELIMIYER'S REPORT TO THE TRUSTEES OF
SALISBURY IIOUSE TRUST
I report to the Tn￿ttts on my examillati￿ of the of Sails￿Y House (the cltarity) for the year ended 31
December 2022.
This report is made solely ￿ the ¢hariWs TnLSteu. as a iK)dy. in accordan¢¢ with Sedion 145 of the Chariti¢S Ae¢
2011. My ex8minaiiort has beell undenaken so I mi8hi the ctrwitys Tn￿lee5 those matters l am required
sthtr ￿ them in lTh*penthni Examinels rem and for no cthr purFw. To the fullest ￿tellI pernl1tt￿j by ]4w.
I do not a¢c¢pt r¢5wTr*ih"ty to attyrnt other than the ¢hm'ty #Thl the TnMees u A W. formy
examinaiioo for this repoo or for the opiniotLS I bave f(KTred.
Re4)on8lbllltltt And bAdi of report
As. the Trustees of the charity you re4KThl>le foT the prew•tiM of the in x¢ordan¢¢ with the
requirements of the Charities Aci 2011 (the 2011 A￿).
J r￿ort in resp¢¢¢ of my ¢xaminAtion of the chariry's accounis carried out under section 145 of the 2011 Act. In
carryinB oui my examination I have followed all th¢ applicable Dire¢¢ions given by the Charity Commi56ion under
8Ktion 145(5)(b) of the 2011 A¢¢.
Independent ex•mlMr'i Ilalemeni
Your4ttention is drJwT tothe f¥t thai thechan.ty b&sprtpartd gecounts xrt xcordance with Accouniin8 and Reportin8
by Charitias Prepari￿ their I￿OUnts in accordance with the Finnncial Repffiing Standard appli¢abl¢ in th¢ UK and
Republic of lrtland (FRS 102) in preference ￿ the Accountin8 and Reportin8 by Chariiies.. Sta*meDI ol
Recommended Practice IB￿Sed on l Al￿1 21KJ5 which 15 ￿reNTell ￿ in the exthnl rwlatiow bui Iw now be¢)
wittrthwn.
l u￿￿eTS￿nd that this has been don¢ in order for ￿OUnts to provid¢ 4 tru¢ and fair vi¢w in a￿Ord￿¢¢ with G¢nerally
Accepted Accoun¢in8 Praciice effecuve for rewtil￿ pericds beginning on OT after l January 2015.
I have comple*d my examinaiion. I confmn th* no m8tteT5 have come th my attettti￿ iti ¢onnection with the
¢xwllitiati￿ ¥ivinR ¢Au8e to keheve io matrrI￿ Tew:
(Mthliti8 were DQI kw ID respeci of the cbrity K required by I￿100 130 of the 2011 ACL. (Y
the accounts &> eomply with the appllcable requirements concerntnB the forni and conieni of accounts Sel
out in the Ch#Titi¢5 IA¢¢ounts and Rewrt5) Regulations 2￿8 other thon any requimnent that the accounts 8ive
true and fair view which 15 Ilot a matter coLsider¢d &5 part of an tndepcndent ex8mination.
I have no concenLS and have come acro￿ no other nutkrs in connection with the ex8miDalioD lo which attenlion
should be dTrwD ID this rryK*¢ ift ordex to enable i pr(w of the VLou￿ kn be reached
Mr Tony St￿leY ACA
BWM
Chartered Attount¥rtts
The Tempest. Suite 5.1
12 Tithebarn Stree¢
Livery)ool
L2 2DT
Dated..
0110312024

SALISBURY HOUSE
STATEMENT OF FINANCIAL ACmqT
For the year ended 31 DeC￿ber 2022
IY•te Unrestrleted Endoiwment ReBtrleted Designated
Fund
FuDds
Funds
Futtds
Total
2022
Total
2021
Ineome #Dd endowments
Illvestment income
Total lll¢ome
29
84
ExpeDdlture
Expelldlture on tharltable aetlvlll
Education
Other expelldllurt
3.267
3267
21.774
17.804
Total Expendlture
3,970
17,804
3.267
25,041
8,441
Net (lo*scs)Igalng on Inve8tmetyts
Net (losses)IRaln5 fixfd 4$gets
(24,785)
(68.￿) {21,3981
270 925
(16.804) (131,891)
270 925
121.368
Net (exp¢ndllureylncome
(22,756)
(341,756) (19.714)
(12,289) (396,515)
142,211
Fundi at l Jan￿￿ry 2022
312 087
4 746 191
218 848 5 506626 5 304 415
Funds at JI Deeember 2(122
15
289.331
4 404 435
206559 5110111 5506626

SALISBURY HOUSE
COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIFS
For the yvdr ended 31 December 2021
Note UDrestri¢¢ed EDd0￿￿ent Rutrlcted De8lgnated
Fwhd
Fun
Funds
Tot
2021
Intome #nd endowrnents
Investment income
15
76
TO1￿ th¢otyhe
15
76
Expendlture
Other expeTKliture
Total ExpeDdlt￿re
1.649
6.792
8,441
Net (louesygaltts OD IDve•tmeDts
121368
Net In¢ome/expenditure
21,786
75.991
23,712
20.722
142,211
Funds at l Jilluary 21121
290.301
4 670.2(KI
205 788
198 126 5.364.415
Fundj at 31 December 2021
15
312087
4 746 191
218 848 5 $06.626

SALISBURY HOUSE
BALth'CE SHEET
Ai 31 2022
Note
UDrestrleted Endowment Restrltted DeslgDated
Fund
Fwids
FuDd$
Funds
Total
2022
Total
2021
TAngible Flxed knsets
L￿d & Building8
Investments
3.815.(KK)
521365
3.815,0￿ 4.085.925
994 453 1.126.344
185 137
185 137
4 336 365
127 346 4 809.453 5 212
69
C￿rreDt Asseli
Bank
108.102
108 102
323 436
323 436
301095
79.213
Current U#bllltle5
CTeditors
10
Net Current AMet8
79.?13
300 658
294 357
Total amets les•
eurrent Il*bllltl
289331
4.404 435
206559 5 110111 5506626
Tbt Fund> of the
Charlty:
Unrestytcied Funds
Endowment Funds
Restrieted Funds
Designated Funds
Revaluation Reserve
Total eharlty fuDd5
289,331
289,331
312,087
2,085,748 2.156,579
209,786
229,500
206.559
218,848
2 318 687 2 589612
206559 5 110111 5506626
12
13
14
8,12
15
2,085,748
209.786
206,559
2318687
4,404.435
289 331
The notes hi pages 1 I to 18 forn) part of these accamts.
Approved by the Trustees on 29 Febnw 2024 and signed on their behalf by."
NPye
Pttsident

SALISBURY HOUSE
NOTES TO THE FINANCL4L STA TEAIENTS
For the year ended 31 D￿ember 2022
l. Aeeounthit Poll¢l
Baol8 ofpreparatlon and aswsment of gokng eonttrn
The accounts {finan¢ial sthtements) have been prepored under the historical wst ¢onv¢nlion
with items Tecognised at cosi or transaction •Aiue wd¢ss oth¢rwi8e ststed in the relevant
note(s) to these accounts. The financial stht¢m¢nts have been prepared in accordance with
the Sthtement of Reco8nised Practice.. Accounting and RewTting by Charities ptrparin8
their aecounts in accord￿ with the Financial Reponing Standard aN)lieable iti the UK
And Rq)ubli¢ of Ireland (FRS102) i$5ued on 16 July 2021 and the Financkal Reporting
StwKlard applicable in the Uniied Kingdom and Republic of Ireland {FRS102). Bulletin I
and 2 published in 2022 and the Charities Act 2011.
Th¢ truste¢y ¢oDsid¢r tha¢ the¥e are DO Materi￿ Uncert￿lIeS about the Tn￿1.8 4bility to
on¢inue as a going concern.
The accounts are prwed in slerling. whi¢h ts the fi￿ctional cumcy of the ￿SL
Monetary amounts in thes¢ fllwcial sl4tements are Tounded io the neare￿ £.
The accounts have departed from the Clwities IAw)UDts Jnd Rep)rts) Regulations 2￿8
only io the exieni required ￿ provide a true and fair view. This depar￿￿e has involved
followin8 the Statement of Recotnm¢nded Pwtice for chariiies applying FRS 102 rather
than the Yersion of the Statement of Recomm¢n¢kd Practsce which is referral io in the
Re8ulations but which has $iti¢¢ be¢n withdrawTh
The Charity has thken advanthge ofthe provisioL% in the SORP for ChaTiti¢s wlying FRS
102 Update Bulleiin I noi ￿ prepare a Sta(em¢nt of C¥sh Flows.
Intome reeogttltlott
All income will be rec08n1s￿ once the I￿$ eotid¢meni ￿ ¢he income. it is probable
th81 th¢ income will be received and the amowit of iticome wivoble Can be m¢￿Ured
T¢li4bly.
Interesi on fimds held on dep)sil 1$ T￿luded when receivable and the amount Can be
measured reliably by th¢ trwst; this is nornially upon nouficauon of the interest ￿ld or
payabl¢ by th¢ bonk or inY¢stsn¢D¢ Manager.
Expendlture reeogDffitloD
Liabiliiies are reco8nised as expenditure ￿ s(KTrn as there is legal or cc*)stsiJctive obligation
committin8 the charity io that ¢XF¢ndilure, it 15 probable that settlement will be required and
the amouttt of the obligation wi be me45ured reliably.
All expenditure is aCcoUn￿d for on 8n accrua15 b&sis. All exp¢ns¢s including govemanrx
costs are all(¢aied or apportioned to the applicabl¢ ¢XFai'ture headings.
Grants pa￿ble are payments made to ¢u￿1 OT forn]erpupils in f￿￿)¢]81 need to enable
them to fi￿ther their ethication, or priz¢s awarded io current pupils for attainment Èn Some
are4 e.8. atteThlw. GTynts ¥re once the Tecipient h&s been notified of the 8THnt
b)
d}
Grant maklng PDIICY
The trust bas established its gTrDi making Folicy to achieve its objects for the public FLDefiL
Irrefoverlble VAT
Ittecovetable VAT is charged agaiLst th¢ ex1￿￿lture he*Jing for whKh it was iticurred.
All￿￿tion of 511PPOrt and governance Costs
Governance costs comprise au costs involving the public aC￿Untabl￿'ty of the charity and
Its compliaTKe with regulation and gixxl practice. Thes¢ costs include cosrs related to
ndeF¢ndent examitiatioll alld legal fees together with an apFA)rlionmettt of ovetheads.

SALISBURY HOUSE
NOT￿ TO THE FINANCL4L STA TEMENIS
For the yehrended 31 December 2022
Ch4ritible aetlvAtI
Costs of charitsble xtivities iti¢lude ￿ Dude. Bovernaiiee ¢osts and other Televani
¢xpenditUTe.
Fixed ayset IDvestmeDts
h)
Investments are a form of basic fmancial inStruTDenl and are initially r￿ognised at their
traTtsa¢tion value and subsequendy meawred ai their fair value as at the balyn¢e sheei da
Using the closing quo*d market pri¢¢. The sthtemeni of fmAncial activities inchth the net
gaiThs and losses arising OD revaiwition and disposals througlK)ut thc year.
The main fom of rUw￿laY risk faced by th¢ ¢lwity is that of volalility iti equity mathts
alld investment nwkets due ￿ wider e¢onomic coTrJiiions. the attitude of inv¢stors io
investment risk. and clwes iti senliment concerniii8 equititt #nd within panicular secto
OT Sub sectors.
i)
Impalrment of fixed •Meti
At each Teponn]8 end do*. the charity rtviews the earryitig amounts of its ian8ible a&sets to
detemiine whetheT th¢r¢ is any indication that thosc &ss¢ts have suffeToJ an impaimienl loss.
If any such irtdicaiion exists, the rrLovernble amounl of the as5ei is esiimaied in ord¢r lo
detrmiine th¢ ¢xtenl of the impairnTht10&4 lif ￿Y).
L*nd and bvlldSnv
The property ai wool￿ RO￿ LiverNM)I, is capitslised ai valuation.
Reallxd galni and IoM¢•
All 8ains and lows aTe taken io the Statemertt of Financial Aciiviiies as they aris¢. R¢alised
8ains and loss¢s on inv&stments are calculated as the difference betwttn sales prIX￿￿5 and
their opening cyrying value or their purchLS¢ vaEue if acquired subsequeni to the fwsi day
of the fuwici41 year. Unrealised 88iLs and 1055¢$ are calcula*d as the differ¢we b¢lween
the fair value at the year end and their carying value. Realised and UllT¢4lis￿j inves￿en[
gains and 1095es are combined iti the Statement of Financial ActivitlCS.
T*x*tlon
J)
k)
i)
Salisbury HOUK is a Te81s￿red clwity and is g¢ner4Uy exempt from taxation.
Reitrif led fundi
Restricted funds are used for the purposts SP￿lfied by the donor. Expenditiire whi¢h meets
the Criteria is identified io the fill￿.
u￿restric1¢d funds
Unrestricted funth are doJ]atioJL8 and any other iticome re￿1v￿ OT genetBted for the obJ￿ts
of the charity without further wified Purp￿ and ar¢ available as separnte funds.
DesigTr•¢¢d fuDd
The designate fi￿d holds earniarked ffesourcts towards the developmeni and replacemenl of
the premises. A transfer of costs and fimdillg is made wh¢n d￿elopMents in pro8ress ar¢
completed and fully fund¢d by the contributsng partits.
Gratttl rff¢lv¢d
p)
Grants received tOW8rds eXpendIn￿e on the I￿1]ding are included in the financial
5tstements when reeeivwL
q)
Elldowment funds
Incoming resources from endowment aT¢ restricte
FtD4nriai iDStrumeDts
The charity elecied 10 the provisions of SLXtion I I 'Basic Financial Instruments,
and Section 12 '0ther Financial I￿rUments Issucs, of FRS 102 to all of its fllwicial
12-

SALISBiJRY HOUSE
IYOTES 7¥) THE FINANCL4L STA TEMENTS
For the year end￿ 31 December 2022
Fitt￿1#1 instruments are rwised in the C?￿lI￿S bal8ne¢ sb¢¢t when th¢ ¢harity b￿0￿c8
party to th¢ ¢ontra¢tual provisions of the instrumL
Financial assets and liabilities 4ff off*¢ with the net amounts presented in the financial
statements, when there is a legally enfoT¢eable right to set off th¢ r¢cogni5¢d amounts and
there is int¢ntsoD to settle on a net basis or to reali8e the &sset aDd settle th¢ liability
siM￿l￿ne0U￿ly.
Basic finaTrclaJ assets
B&si¢ fuwi¢ial &ssets, which include deb￿rS and and bank balances, are initially
measured at traAsaction Pri￿ including transaciion costs and are subsequently carried at
amortised CO￿ usm8 the effectiv¢ interest method unless the arranEemeAi consi1￿leS A
rJnan¢tng transaction, where the transaction is me&sur¢d ai the present value of the future
rec¢ipts discounted at a mthei rate of intere￿. Finaneial cl&ssificd ￿ r￿c]vable
within on¢ ye4r are no¢ atnortisvj.
BA$1¢ flnlnclal In•trMments
Basic flnancial liabilities, in¢luding Credito￿ and bank loans are illitially recogtiiwl at
transaciion price Unle￿ the wrangem¢DI wnstilutes a fujancing transaction. where the debt
instnunent is measured ai the present value of the future re¢¢ipts discoun¢d at a markei rate
of interes¢. Financial liabilities classified as payable within one year are not amortised.
Ikbt instrumenls are subsequently caffied ai amortised cos4 using the eff¢¢tiv¢ interest rate
method.
Trnde ¢reditOT5 are obligations to pay for 8(MyJs or servtces that have be¢n t¢quired in the
ordinary course of operations fTom suppli¢rs. Amounts payable are classified as currertt
liabilities if pa￿ent is due within one year or le&s. lrnot. they ¥re pr¢*nI￿ as non-CLirreDI
liabilities. Trdd¢ ¢r¥Jitor5 ar¢ recognised initially ai transaction price and subsequently
me&sured at amortised cosi usitig the efftttiye interest m¢th¢xl.
Derecogntdon of IlnaDel#l Ilabllltlej
Financial liabilities are derecogni.sed wI￿ll the charity's eorttra¢tual obligatsoDs expire or are
dischar8cd or ￿￿￿11¢d.
Crltlcal aeeouDtln8 estlm*td *nd Jlldgements
In the aFylication of the charity's accouniing ￿11¢1¢$, the Tntstees are required ￿ rnake
jud8ements, cslimate5 and wurnplions about the Ca￿lD8 amoulli of &ssets and liabiliti¢s
thal are not readily appareni fn)m other sources. The esiimates and a550ciated ￿SumptiOnS
are b&sed on historicat ¢xr¢nen¢e and other factors thai we cott8idered to be r¢l¢v3nt.
Actual r¢5uIts tDay th'ffeT from these es¢imatr&
The estimat￿ and underlying assumptions are miewed on an Ongoing basis. Revisions to
accountin8 estimates are reco8nis¢d in th¢ period in which the estima￿ is revised where the
revision affects only that peniwj. or in the peri￿ of th¢ r¢vision and fvture periods where
the revision aff¢cts iKJth wrr¢nt and future periods.
2. Rel*t￿ party tr*DSaetS0￿ and Trnilees. eipellses and rem￿￿er¥I10￿
The Trustees all give frttly of their time and rxpcrti5c withoul any lorn) of remuneration or oll￿r
b¢n¢fit in cash or kind (2021.. £llil). There were DO re]ated party traDsa¢tions itt the year.
13

SALISBURY HOUSE
NOTES TO THE FINANCL4L STA TEMEIYTS
For the year endal 31 Dccern￿ 2022
3. Invutment iDcome
2022
2021
Income from COIF Charities Investsn¢ni Fund
Tn¢ome from COIF Chariti¢S Ethical Investsnent FuThl
Income from COIF Charities Fixed In￿reSt Futbd
In¢ome from COIF cban.ties D¢posit Fund
Interest on cash dep95its
23,302
178
2.354
5,287
222
22,704
236
2.592
3,736
14
4. Allocatlon ofgov¢rn*n¢¢ costs
2022
2021
Jndependent examinO1ion fee
Surveyovs lee
1.808
2.IIK)
The Trustees have decid¢d io meet all governance ¢osts from unrestricted fimds and so no allocation
or clw8e is made to resrricied funds for any governance rela*d w5ts. All governance costs are
all￿ated to 8enernl expenses.
S. Analy$l8 of ¢hirlt*ble expendlture
Unr¢s¢ricte Endowmen
Desi8lla
Restricted
Funds
To¢al
2022
Totsl
2021
Fund
Funds
Education
Other ¢xp¢nditure'.
Insurance
Repairs &
Main(ena￿e
General expenses
Bank clwges
3267
3267
6.804
6.804
6,792
11,0
11,000
3,908
62
3.908
62
1,644
67
2021
An8lysl8 of remun¢Tation of key mxttagernent peT¥ODnel
The Trust considers its key man8g¢m¢nl personnel comprise th¢ Tn￿le¢S and the President. N¢)ne
of the Truslees received any r¢rnuneration in the year (2021.. £nil). Alw. none of th¢ Tn￿te¢S
eived any expcllse5 in th¢ year (2021: £nil).
14-

SALISBURY HOUSE
NOTES TO THE FINANCL4L STA TEMENTS
For the year etKled 31 December 2022
Employees
Th¢r¢ w¢r¢ no employecs durADg the year (2021: nil).
Land and Buildings
Freehold property situated at Childwall Church of Engl8nd Primary School. Woolton Road.
Livwl..
At31
December
2022
Ailjatt
2022
Movement
in Year
At eoit
,496,313
1.496.313
Unrealised Bain on Revaluation
on 30 November 2(H)4
ort 18 June2010
on 6 October 2023
1.162.970
1.426,642
1,162,970
1.426,642
(270,925)
1270.925>
4.085 925
270.925
3 815,0
Con¢rlbutlng ¢lemetttJ:
Resources olthe Tn￿le¢S of
SAlisbury Flouse
Grants from Liv¢rp(M)l EducatioD
Commiiiee
Grants fTom the Departsnent for
Education and Skills
School Resources
Arising on R¢valuJtion
565,507
565.507
242.919
242,919
655,054
655,054
32,833
2 589 612
4 085 925
32,833
2318687
3 815 0(M)
270925
270 925
The freehold pr(rn w&% valued on 6 October 2023 by Eddisons. Th¢ prop¢rty w&$ valued at
£3,815.(K)O current markei value based OD Deprrfiated R¢placemeni Value basis.
9. Flxed Assel Investments
2022
2021
Market value al l January 2022
Unttalised Revaluauon (Loss) I Surph
1,126 J44
(131,891)
1,004,976
121,368
MaTkei value at 31 D¢¢¢mber 2022
994,453
1,126.344
15-

SALISBURY HOUSE
NOTES TO THEFINANCL4L STA TENIEN75
For tbe ycar ¢nded 31 Decembry 2022
Inveltment at fair value
Comprised:
All investments ￿e cavried ai their fair value. Liqutdity risk is anticipated to be low as all a&qets
ore trdd¢d and the commitment to inieTveniion by central bank8 and llwket regu]atots has
continued to provide for orderly trading itk the tDarkets and YA) tbeir ability to buy and sell quoted
equities and stc*k is tnti¢ipaieJJ io continue. Th¢ Tn￿1,8 investments are mainly traded ID markets
with good liquidity and high tradtn8 volumes. The Trust bas no material invesimejit holdings in
matl(eL4 subjwl to exchange controls or tradin8 IfstrictiotLS.
The Tn￿( manag¢s these inv&stsnertt risks by rethinin8 expert advisors and operatiD8 an investment
>licy that provides for a high dcgr¢e of diversification of holdings Within inYe5tment classes that
are quoied on recognised exchanges.
Original
Market
value
Mat*et
valu¢
2022
2021
Clwiti¢S official Investsnerti fvnd income slwes
COIF Ethical invegiment inwme units
Charities otTicial Investment fund Fixed In*r¢
293.052
903.610
7,675
1,022,508
8.763
98.025
83.168
95.073
1126344
10. Analy91# of turrent Ilabllldts
Totsj
2022
Total
2021
Accrual for..
Jndependeni Examirtation fee
survey0￿8 fee
Education grdDts
Prize5
Chapel Fund
Insurance
1,808
2,1
1.628
540
596
11. Unrestrlrted funds
2022
2021
At l January
Movement in Funds..
Incoming
Expenditur¢, gain& los￿8. & fraLsfer5
At 31 December
312,087
290.301
5,999
28,755
289,331
5,529
312.087
16-

SALISBURY HOUSE
NOTES TO THE FiNANCL4L STA TEMENTS
For the ycar ended 31 December 2022
12. E￿d0￿Me•t Fthnd$
Movement in Funds
At l Jan 2022 Incomillg Expenditure, gains.
lo&sts. & transfers
At 31 Dec 2022
Perniaoent EndoNThent
Fund
Expendable Endowment
Fund
Total Endowmeni Ftsnd
4.504.075
(270925)
4233.150
242117
4.746,191
171285
4 404 435
15.876
357.634
Al l Jan 2021 In¢omin8 Expenditure. gains.
lo&ses, & transfers
At31 Dtt2021
Pemiartent Etthwmeni
Fund
Expendable EThJowmeni
Fund
Totsl EndOWn￿nI Fund
4J04,075
4.504,075
242117
4 746.191
4 670 2(K)
15.277
The Endowineni Fund relaies lo the original en¢&)wm¢n¢ and iti¢om¢ orising theyeon. Expendinlle for the
main¢¢na￿e, se¢urity ond of the propety is met from incotue arising.
13. Re3tTkled Fund$
Movemenl in Fund5
At l Jan 2022 In¢on)iDg Expenditure, 8ailL8,
losses, & transfer5
At 31 Dec 2022
Education Fund
Pn'ze Fund
Chapel Fund
193.073
22.670
4,140
565
247
(19.948)
(3,033)
177.264
20,202
Movemeni io Funds
At l Jan 2021 ltiwmiD8
penditure. gains.
losscs, & transfers
At31 Dtt2021
Education Fund
Prize Fund
Chapel Fund
173,535
19.772
12.481
205 788
3.961
553
236
15.577
2,345
193,073
22,670
13.757
The Education Fund is to be used to promo* the educalion of persons under th¢ age of 25 who ar¢
pupils or fornierpupils of Cbildwall Churcb of England Primary S¢hool, wbo are in neal of
fllwicial assisthnce.
The Prize Fund is to be used ftir the award of annual Prizes to pupi]s OT forn￿ pupils of
Childwajl Churcb of England Primary Scknol in rewgnition of their achievemcnts.
17-

SALISBURY HOUSE
NOT￿ TO THE F￿ANCL4L STA TEMENTS
For the year ended 31 Decanber 2022
The Chapel Fund is to be used th acquire equipmen( religi(Kts artefacts. furniDJre and other items
which may, from lime to time, k deterniined for the purEX)S¢s of Christian ivotship. teaching and
fellowship.
14. De%l8n#ted Fwids
2022
2021
At l January
218,848
198,126
Movernent in Fund&.
Incoming
Expenditure, gains losse4 & transfers
4,515
(16.804)
3,729
16,993
Ai 31 De¢¢mbeT
206 559
The ExtrJordinary RepaiT Fund hLs be¢n earn]￿ by the Tn￿1¢¢$ towards the develq)ment and
the replac¢m¢nt of the school premis¢5 when the existin8 building is no longer eeonomi¢ or viable.
15. Analysls of Det as￿1$ b¢tYrf¢en funds
Tang￿1 le
rixed
Net Current
Total
Restrlcted Funds
Education Fund
Prize Fund
Chapel Fund
134,104
18.826
7,675
160,605
43,161
1,377
4.644
49,181
177,265
20203
12,319
209,786
Endowm¢tti
3.815.(
521J65
68.070
4,404,435
Deslgn*ted Fund
127,346
79.213
206,559
3,815.OCK)
809.316
196.464
4,820.780
Gener￿ Fund
185.137
104,194
289,331
3,815,IMKI
994,453
300,658
5,110.111
16. Flnanelal Instruments
2022
2021
Carrying Amount of fi￿nti•l
Debt instruments measured at amortised
st
323.436 301,095
1.126,34
Instruments measured at fair yah￿ through the SOFA
994,453
Carrying arnouDt of flnaDelal IlabS]Ides
Measured at wnortised cost
22,778
6,738
18_