## **Crosby Hall Educational Trust**
**Charity No. 700042**
**Company No. 02232358**
**Trustees' Report and Unaudited Accounts**
**31 March 2023**
**Crosby Hall Educational Trust Contents**
||Pages|
|---|---|
|Trustees' Annual Report|1|
|Statement of Financial Activities|6 to 6|
|Summary Income and Expenditure Account|7 to 7|
|Balance Sheet|8 to 9|
|Statement of Cash flows|9 to 9|
|Notes to the Accounts|10 to 19|
|Detailed Statement of Financial Activities|20 to 22|
Page 1
**Crosby Hall Educational Trust Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, herein present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 02232358**
## **Charity No. 700042**
## **Registered Office**
Crosby Hall Back Lane Little Crosby Merseyside L23 4UA
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
C. Baxter F.W. Cowell J.H. Daly A.J. Walker M.F. Whitlock Blundell
## **Key Management Personnel**
Chair Mr M F W Blundell Company Secretary MR F W Cowell
## **Accountants**
Sefton Council for Voluntary Service Burlington House Crosby Road North Waterloo Liverpool L22 0LG
## **Bankers**
Barclays Bank PLC 18-22 London Road
Page 2
**Crosby Hall Educational Trust Trustees Annual Report**
Great Crosby Liverpool Merseyside L23 4UA
## **Solicitors**
Weightmans 100 Old Hall Street Liverpool Merseyside L3 9QJ
## **OBJECTIVES AND ACTIVITIES**
The objects of the charitable company are the advancement of the education of the public (including in particular those suffering from need, hardship and distress); the promotion of knowledge, understanding and appreciation of the arts; the advancement of religion for the benefit of the public and such other exclusively charitable purposes as the company deems appropriate.
The aims of the charitable company are to promote the cultural, educational and spiritual development of children, young people and adults, by providing residential courses and facilities in the quiet of the countryside.
The main focus of our activities remains the education and personal development of the visiting children. It is increasingly recognised that out-of-classroom learning has a valuable role to play in supplementing more traditional school-based curricula. Time spent at CHET also benefits children by developing their self-confidence and social skills.
In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's guidance on public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
During the year the charity provided a residential educational experience to about 2,000 children, mainly in school groups supported by their teachers. These visits attracted particularly positive feedback, leading to the next two terms and the following year becoming almost fully booked with residential visits.
Our wonderful staff are committed to giving every child a great time and a chance to try out new activities, whether it be rafting, archery, orienteering, shelter building, fencing, or using our great adventure course. They take home with them new social skills and a life enhancing experience to share with others, which stays with them for decades. A climbing tower is nearly complete and includes a facility for handicapped children.
Through our Bursary Fund we were able to support children from low-income families and young carers from the local area to come to CHET. The Bursary Fund is provided by covenants from our CHET friends.
Generous donations and a series of cultural events provide funding to substantially reduce charges made to visitors.
## **FINANCIAL REVIEW**
The charity's financial position continues to operate within Trustee expectations. The General Fund has decreased from £250,409 to £96,658. During the period premises costs, notably utilities rose sharply, leaving a trading surplus of £9,783 (2022 £119,334). Gift Aid of £14,985 and investment income £8,177 was also received in the year. Additionally £142,524 was transferred from the general fund to the Endowment Fund to maximise future earnings.
Page 3
**Crosby Hall Educational Trust Trustees Annual Report**
The Bursary Fund increased from £55,724 to £64,322.
The Endowment Fund increased from £305,320 to £457,622
The charity has a policy of holding a reserve of six months turnover in cash. This reserve is held for reasons of financial prudence. The Trustees are confident that the charity is a going concern. No fund or subsidiary is in deficit.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
F.W. Cowell Trustee 09 October 2023
M.F. Whitlock Blundell Trustee 09 October 2023
Page 4
**Crosby Hall Educational Trust Statement of Financial Activities**
## **for the year ended 31 March 2023**
|**Unrestricted**
**funds**
**2023**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
4
54,708
Charitable activities
5
323,763
Investments
6
8,177
Other
7
19,452
**Total**
406,100
**Expenditure on:**
Charitable activities
8
74,407
Other
9
321,910
**Total**
396,317
Net gains on investments
-
**Net income**
10
9,783
Transfers between funds
(142,524)
**Net income before other**
**gains/(losses)**
(132,741)
**Other gains and losses**
**Net movement in funds**
(132,741)
**Reconciliation of funds:**
Total funds brought forward
1,374,484
**Total funds carried forward**
1,241,743|**Unrestricted**
**funds**
**2023**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
4
54,708
Charitable activities
5
323,763
Investments
6
8,177
Other
7
19,452
**Total**
406,100
**Expenditure on:**
Charitable activities
8
74,407
Other
9
321,910
**Total**
396,317
Net gains on investments
-
**Net income**
10
9,783
Transfers between funds
(142,524)
**Net income before other**
**gains/(losses)**
(132,741)
**Other gains and losses**
**Net movement in funds**
(132,741)
**Reconciliation of funds:**
Total funds brought forward
1,374,484
**Total funds carried forward**
1,241,743|**Restricted**
**funds**
**2023**
**£**
13,710
-
-
-|**Endowment**
**funds**
**2023**
**£**
-
-
-
-|**Total funds**
**2023**
**£**
68,418
323,763
8,177
19,452|**Total funds**
**2022**
**£**
80,405
334,692
4,734
10,944|
|---|---|---|---|---|---|
|||13,710
5,112
-|-
-
-|419,810
79,519
321,910|430,775
44,151
261,514|
||396,317
-|5,112
-|-
9,778|401,429
9,778|305,665
16,520|
|||8,598
-|9,778
142,524|28,159
-|141,630
-|
||(132,741)|8,598|152,302|28,159|141,630|
||(132,741)
1,374,484|8,598
55,724|152,302
305,320|28,159
1,735,528|141,630
1,593,898|
||1,241,743|64,322|457,622|1,763,687|1,735,528|
Page 5
**Crosby Hall Educational Trust Summary Income and Expenditure Account**
## **for the year ended 31 March 2023**
|Income
Net gains on investments
Interest and investment income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2023**
**£**
411,633
9,778
8,177
429,588
379,936
21,493
401,429
28,159
28,159|**2022**
**£**
426,041
16,520
4,734|
|---|---|---|
|||447,295|
|||287,315
18,350|
|||305,665|
|||141,630|
|||141,630|
Page 6
**Crosby Hall Educational Trust Balance Sheet**
## **at 31 March 2023**
|**Company No.**
**02232358**
**Notes**
**2023**
**£**
**Fixed assets**
Tangible assets
12
1,145,082
Investments
13
179,821
1,324,903
**Current assets**
Stocks
14
1,541
Debtors
15
51,164
Cash at bank and in hand
439,326
492,031
**Creditors:**Amount falling due within one year
16
(53,247)
**Net current assets**
438,784
**Total assets less current liabilities**
1,763,687
**Net assets excluding pension asset or liability**
1,763,687
**Total net assets**
1,763,687
**The funds of the charity**
**Restricted funds**
17
Endowment funds
457,622
Restricted income funds
64,322
521,944
**Unrestricted funds**
17
General funds
96,658
Designated funds
1,145,085
1,241,743
**Reserves**
17
**Total funds**
1,763,687|**2022**
**£**
1,124,075
170,043|
|---|---|
||1,294,118
1,574
50,809
432,502|
||484,885
(43,475)|
||441,410
1,735,528|
||1,735,528|
||1,735,528|
||305,320
55,724|
||361,044
250,409
1,124,075|
||1,374,484|
||1,735,528|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 09 October 2023
And signed on its behalf by:
M.F. Whitlock Blundell Trustee
09 October 2023
Page 7
**Crosby Hall Educational Trust Notes to the Accounts**
## **for the year ended 31 March 2023**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The functional currency used is the £ Sterling.
Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The functional currency used is the £ Sterling.
## **Preparation of the accounts on a going concern basis**
At the time of approving the accounts, the trustees' have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the forseeable future. As such these accounts have been prepared under the going concern basis.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular Designated funds purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Endowment funds Endowment funds are resources received by the charity which represent capital, which can be held as either a permanent or expendable endowment. Permanent endowments are where the trustees have no power to convert it into income and apply it to the charitable objectives. Expendable endowment is distinguishable from income funds in that there is no requirement to spend or apply the capital unless, or until the trustees decide to do so. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Page 8
**Crosby Hall Educational Trust Notes to the Accounts**
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure expenditure is reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is legacies included in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in and facilities expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to revaluation of fixed market value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any expenditure VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its charitable activities activities and services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
Page 9
**Crosby Hall Educational Trust Notes to the Accounts**
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
straight line over lifetime Leasehold property of lease Equipment 25% reducing Motor Vehicles 20% reducing Fixtures & Fittings 10-25% reducing
Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Statement of Financial Activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
Page 10
**Crosby Hall Educational Trust Notes to the Accounts**
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 11
**Crosby Hall Educational Trust Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**|||||
|---|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total**
**Expenditure on:**
Charitable activities
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Donations
Gift Aid Recoverable
Coronavirus Job Retention
Scheme
Sefton MBC|**Unrestrict**
**ed funds**
**2022**
**£**
69,673
334,692
10,944
4,734
420,043
300,709
300,709
-
119,334
30,415
149,749
149,749
1,224,735
1,374,484
**Unrestrict**
**ed**
**£**
39,723
14,985
-
-
54,708|**Restricted**
**funds**
**2022**
**£**
10,733
-
-
-|**Endowm**
**ent funds**
**2022**
**£**
-
-
-
-
-
-
-
16,520
16,520
-
16,520
16,520
288,800
305,320
**Total**
**2023**
**£**
53,433
14,985
-
-
68,418|**Total funds**
**2022**
**£**
80,406
334,692
10,944
4,734|
|||10,733
4,957||430,776
305,666|
|||4,957
-||305,666
16,520|
|||5,776
(30,415)||141,630
-|
|||(24,639)||141,630|
|||(24,639)
80,363||141,630
1,593,898|
|||55,724||1,735,528|
|||**Restricted**
**£**||**Total**
**2022**
**£**
51,710
3,423
3,127
22,145|
|||13,710|||
|||-|||
|||-|||
|||-|||
|||13,710||80,405|
Page 12
**Crosby Hall Educational Trust Notes to the Accounts**
## 5 **Income from charitable activities**
## **Unrestrict**
|Educational activities
6
**Income from investments**
Dividends
Interest Receivable
7
**Other income**
Insurance claims
Ofgem
8
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Educational activities
_Governance costs_|**Unrestrict**
**ed**
**£**
74,407
74,407|**ed**
**£**|**Total**
**2023**
**£**
323,763
323,763
**Total**
**2023**
**£**
7,757
420
8,177
**Total**
**2023**
**£**
4,332
15,120
19,452|**Total**
**2022**
**£**
334,692|
|---|---|---|---|---|
|||323,763|||
|||323,763||334,692|
|||**Unrestrict**
**ed**
**£**
7,757
420||**Total**
**2022**
**£**
4,574
160|
|||8,177||4,734|
|||**Unrestrict**
**ed**
**£**
4,332
15,120||**Total**
**2022**
**£**
-
10,944|
|||19,452||10,944|
||||||
|||**Restricted**
**£**
5,112|**Total**
**2023**
**£**
79,519
79,519|**Total**
**2022**
**£**
44,151|
|||5,112||44,151|
Page 13
**Crosby Hall Educational Trust Notes to the Accounts**
## 9 **Other expenditure**
## **Unrestrict**
|Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
10 **Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
11 **Staff costs**
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess
12 **Tangible fixed assets**
**Land and**
**buildings**
**£**
**Cost or revaluation**
At 1 April 2022
1,297,993
Additions
-
At 31 March 2023
1,297,993
**Depreciation and**
**impairment**
At 1 April 2022
233,833
Depreciation charge for the
year
12,980
At 31 March 2023
246,813
**Net book values**
At 31 March 2023
1,051,180
At 31 March 2022
1,064,160|of £60,000.
**Equipmen**
**t**
**£**
127,790
-
127,790
114,460
3,224
117,684
10,106
13,330|**ed**
**£**
195,385
2,177
78,329
21,493
17,324
7,202|**Total**
**2023**
**£**
195,385
2,177
78,329
21,493
17,324
7,202
321,910
**Fixtures**
**& Fittings**
**£**
234,341
42,500
276,841
187,847
5,198
193,045
83,796
46,494|**Total**
**2022**
**£**
170,110
1,398
39,925
24,761
14,871
10,449|
|---|---|---|---|---|
|||321,910||261,514|
|||**2023**
**£**
21,493
**2023**
176,246
8,363
9,821||**2022**
**£**
24,761
**2022**
155,731
6,747
7,592|
|||194,430||170,070|
|||**Motor**
**Vehicles**
**£**
9,450
-||**Total**
**£**
1,669,574
42,500|
|||9,450||1,712,074|
|||9,359
91||545,499
21,493|
|||9,450||566,992|
|||-||1,145,082|
|||91||1,124,075|
Page 14
**Crosby Hall Educational Trust Notes to the Accounts**
## 13 **Investments**
|**Cost or revaluation**
At 1 April 2022
Revaluation
At 31 March 2023
**Net book values**
At 31 March 2023
At 31 March 2022
14 **Stocks**
Finished goods
**Carrying value analysed by activities**
Educational activities
15 **Debtors**
Trade debtors
Prepayments and accrued income
16 **Creditors:**
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals|**2023**
**£**
1,541|**Other**
**investme**
**nts -**
**Listed**
**£**
170,043
9,778
179,821
179,821
170,043|**Total**
**£**
170,043
9,778|
|---|---|---|---|
||||179,821|
||||179,821|
||||170,043|
||||**2022**
**£**
1,574|
||1,541||1,574|
||**2023**
**£**
1,541||**2022**
**£**
1,574|
||1,541||1,574|
||**2023**
**£**
43,437
7,727||**2022**
**£**
38,256
12,553|
||51,164||50,809|
||**2023**
**£**
9,768
23,923
17,306
2,250||**2022**
**£**
10,103
20,122
11,000
2,250|
||53,247||43,475|
Page 15
**Crosby Hall Educational Trust Notes to the Accounts**
## 17 **Movement in funds**
|17 **Movement in funds**||||||
|---|---|---|---|---|---|
||**At 1 April**
**2022**
305,320
305,320
55,724
55,724
250,409
1,124,075
1,124,075
1,735,528|**Incoming**
**resources**
**(including**
**other**
**gains/loss**
**es)**
**£**
9,778
9,778
13,710
13,710
406,100
-
-
429,588|**Resources**
**expended**
**£**|**Gross**
**transfers**
**£**
142,524
142,524
-
-
(163,534)
21,010
21,010
-|**At 31**
**March**
**2023**
**£**
457,622|
|**Restricted funds:**
**Endowment funds:**
Expendable Endowment
Fund
_Total_
**Restricted income funds:**
Bursary Fund
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
Fixed Asset Fund
_Total_
**Total funds**||||||
||||-|||
|||||||
||||-||457,622|
||||||64,322|
||||(5,112)|||
|||||||
||||(5,112)||64,322|
||||||96,658
1,145,085|
||||(396,317)|||
|||||||
||||-|||
||||-||1,145,085|
|||||||
||||(401,429)||1,763,687|
Purposes and restrictions in relation to the funds:
Endowment funds: Expendable Endowment This fund was created in 2006 using funds given by the donors to Fund CHET. It is a type of fund proposed by the Charity Commission's guidance paper CC19. It is partly invested on the stock exchange through the Charities Official Investment Fund (COIF) and partly held on deposit with COIF. The proportions may be varied from time to time by decision of the trustees. The income is applied at the discretion of the trustees for the support of the charitable company's activities and is therefore treated as unrestricted income.
Restricted funds:
Page 16
**Crosby Hall Educational Trust Notes to the Accounts**
Bursary Fund
The Bursary Fund is a fund from which bursaries are awarded to schools enabling children from impecunious families to enjoy visits to the CHET Centre, from which otherwise they might be excluded for financial reasons. Generally, bursaries do not exceed 50% of the fee and are awarded by the Principal, after discussion with the school, to children whose parents are in receipt of state benefits.
Designated funds: Fixed Asset Fund The Fixed Asset Fund represents the ring fencing of assets which are not available as part of the general liquid reserves of the charity.
## 18 **Analysis of net assets between funds**
|Fixed assets
Investments
Net current assets
**Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestrict**
**ed funds**
**£**
1,145,082
-
116,220
1,261,302|**Restricted**
**funds**
**£**
-
-
64,319|**Endowm**
**ent funds**
**£**
-
179,821
258,245
438,066
**Cash**
**flows**
**£**|**Total**
**£**
1,145,082
179,821
438,784|
|---|---|---|---|---|
|||64,319||1,763,687|
|||**At 1 April**
**2022**
**£**||**At 31**
**March**
**2023**
**£**|
|||432,502|6,824|439,326|
|||432,502|6,824
6,824|439,326|
|||432,502||439,326|
||||||
|**Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases are as follows:
**2023**
**2023**
**2022**
**Land and**
**buildings**
**Other**
**Land and**
**buildings**
**£**
**£**
**£**
Operating leases with expiry date:
**_Pension commitments_**
**2023**
**£**
The pension cost charge to the company
amounted to:
9,821||||**2022**
**Other**
**£**
**2022**
**£**
7,592|
## 19 **Reconciliation of net debt**
## 20 **Commitments**
Page 17
**Crosby Hall Educational Trust Notes to the Accounts**
## 21 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 18
**Crosby Hall Educational Trust Detailed Statement of Financial Activities**
## **for the year ended 31 March 2023**
|**Income and endowments from:**
Donations and legacies
Donations
Gift Aid Recoverable
Coronavirus Job Retention Scheme
Sefton MBC
Charitable activities
Educational activities
Investments
Dividends
Interest Receivable
Other
Insurance claims
Ofgem
**Total income and endowments**
**Expenditure on:**
Charitable activities
Educational activities
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff entertainment
Staff recruitment
Staff training
Temporary staff
Motor and travel costs
Vehicles - General costs
Vehicles - Fuel
Vehicles - Repairs and maintenance|**Unrestric**
**ted funds**
**2023**
**£**
39,723
14,985
-
54,708
323,763
323,763
7,757
420
8,177
4,332
15,120
19,452
406,100
74,407
74,407
74,407
176,246
8,363
9,821
36
45
436
438
195,385
1,248
571
68|**Restricted**
**funds**
**2023**
**£**
13,710
-
-
-
13,710
-
-
-
-
-
-
-
-
13,710
5,112
5,112
5,112
-
-
-
-
-
-
-
-
-
-
-|**Endowm**
**ent**
**funds**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2023**
**£**
53,433
14,985
-
-
68,418
323,763
323,763
7,757
420
8,177
4,332
15,120
19,452
419,810
79,519
79,519
79,519
176,246
8,363
9,821
36
45
436
438
195,385
1,248
571
68|**Total funds**
**2022**
**£**
51,710
3,423
3,127
22,145|
|---|---|---|---|---|---|
||||||80,405|
||||||334,692|
||||||334,692|
||||||4,574
160|
||||||4,734|
||||||-
10,944|
||||||10,944|
||||||430,775
44,151|
||||||44,151|
||||||44,151
155,731
6,747
7,592
-
-
40
-|
||||||170,110|
||||||-
1,398
-|
Page 19
## **Crosby Hall Educational Trust**
## **Detailed Statement of Financial Activities**
|Vehicles - Road Tax
Premises costs
Rates
Light, heat and power
Premises cleaning
Premises repairs and maintenance
Other premises costs
General administrative costs, including
depreciation and amortisation
Depreciation of land and buildings
Depreciation of Equipment
Depreciation of Motor Vehicles
Depreciation of Fixtures & Fittings
Bank charges
Equipment expensed
General insurances
Software, IT support and related costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
Management charges
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward|290
2,177
(439)
30,305
8,636
39,827
-
78,329
12,980
3,224
91
5,198
1,013
1,759
9,492
1,431
1,161
440
472
1,556
38,817
3,366
2,642
1,194
7,202
321,910
396,317
-
9,783
(142,524)
(132,741)
-
(132,741)
1,374,484|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,112
-
8,598
-
8,598
-
8,598
55,724|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9,778
9,778
142,524
152,302
-
152,302
305,320|290
2,177
(439)
30,305
8,636
39,827
-
78,329
12,980
3,224
91
5,198
1,013
1,759
9,492
1,431
1,161
440
472
1,556
38,817
3,366
2,642
1,194
7,202
321,910
401,429
9,778
28,159
-
28,159
-
28,159
1,735,528|-|
|---|---|---|---|---|---|
||||||1,398|
||||||-
16,169
-
17,919
5,837|
||||||39,925|
||||||12,980
4,296
1,890
5,595
512
1,665
6,717
1,018
3,186
378
(131)
1,526|
||||||39,632|
||||||1,844
3,648
4,957|
||||||10,449|
|||||||
||||||261,514|
||||||305,665
16,520|
||||||141,630
-|
||||||141,630
-|
||||||141,630|
||||||1,593,898|
Page 20
**Crosby Hall Educational Trust Detailed Statement of Financial Activities**
**Total funds carried forward**
1,241,743 64,322 457,622 1,763,687 1,735,528
Page 21