Crosby Hall Educational Trust Charity No. 700042 Company No. 02232358 Trustees, Report and Unaudited Accounts 31 March 2025
Crosby Hall Educational Trust Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Ito4 Balance Sheet Notes to the Accounts 8t017 Page I
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 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note I 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 charitie5 preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland. REFERENCE AND ADMINisfRATIVE DEfAILS Company No. 02232358 Charity No. 700042 Registered Office Crosby Hall Back Lane Little Crosby Merseyside L23 4UA Dirertors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Dirertors and Trustees senied 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 OLG 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 2,500 children, mainly in school groups 5UPPOrted 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 raftin& archery, orienteering, shelter building, fencing, or using our great adventure course. They take home with them new social skills and a lrfe enhancing experience to share with others, which stays with them for decades. A climbing tower is now complete and include5 a facilty for children with disabilities. Other new activities include an archaeological dig, and a Jacob's ladder and crate stack in the archery bam. Through our Bursary Fund we were able to support children from low-income families, children from Ukraine 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 VlSitors. Page 3
Crosby Hall Educational Trust Trustees Annual Report FINANCIAL REVIEW The charity's financial position continues to operate wrthin Trustee expectations. The General Fund has decreased from £79,052 to £63,161. During the period there was a trading deficit of £35,697 {2024 surplus £20,251). Gift Aid of £5,903 and investment income £22,069 was also received in the year. The Bursary Fund increased from £67,132 to £80,784. The Endowment Fund remained at £522,368. 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 a55ets 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 beh f the board". Cowell Trustee 13 October 2025 M. F. Whitlock Blundell Trustee 13 October 2025 Page 4
Crosby Hall Educational Trust Independent Examiners Report Independent Examiner's Report to the trustees of Crosby Hall Educational Trust I report to the charity trustees on my examination of the financial statements of Crosby Hall Educational Trust for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. Responsibilities and basis of report As the trustee5 of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {'the 2006 Act. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of vour charity's fi'nancial statements as carried out under section 145 of the Chartties Act 2011 ('the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent examiner's statement As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in England and Wales. I have completed my examination. I can confirm that no material matters have come to my attention in onnection with the examination giving me cause to believe that: accounting records were not kept in accordance with section 386 of the 2006 Act . or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the Charities 50RP IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. lan Wright The Institute of Chartered Accountants in England and Wales Sefton Council for Voluntary Seniice Burlington House Crosby Road North Waterloo Liverpool U2 OLG 13 October 2025 Page 5
Crosby Hall Educational Trust Statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds 2025 Restritted Endowment funds funds Total funds Totsl funds 2025 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities 54,380 400,578 22,069 7,462 20,827 75,207 400,578 22,069 7,462 74,707 335,058 19,630 15,232 Investments Other Total 484,489 20,827 505,316 444,627 Expenditure on: Charitable activities 520,186 7.175 527,361 421,566 Total 520,186 7,175 527,361 421,566 Net losses on investments (8,153) 143,850) 18,1531 (30,198) {4,835) Net lexpenditure)/income Transfers between funds 13,652 18,226 Net (expenditure)/income before other gainsl(losses) {43,8501 13,652 (30,198) 18,226 Othergain5 and losses Net movement in funds (43,850) 13,652 (30,198) 18,226 Reconciliation of funds: Total funds brought forward 1,192,413 67,132 522,368 1,781,913 1,763,687 Total funds carried forward 1,148,563 80,784 522,368 1,751,715 1,781,913 Page 6
Crosby Hall Educational Trust Balance Sheet at 31 March 2025 Company No. 02232358 Notes 2025 2024 Fixed assets Tangible assets Inve5tment5 11 1.085,402 12 166,833 1,252,235 1,113,361 174,986 1,288,347 Current assets Stocks Debtors 13 1,637 74,842 480,089 556,568 157,088) 499,480 1,604 32,483 502,767 536,854 (43,2881 493,566 14 Cash at bank and in hand Creditors: Amount falling due within one year Net current assets 15 Total assets less current liabilities 1,751,715 1,781,913 Net assets excluding pension asset or liability 1,751,715 1,781,913 Total net assets 1,751,715 1,781,913 The funds of the charity Restricted funds Endowment funds Restricted income funds 16 522,368 80,784 603,152 522,368 67,132 589,500 Unrestrirted funds General funds 16 63,161 1,085,402 79,052 1,113,361 Designated funds 1,148,563 1,192,413 Reserves 16 Total funds 1,751,715 1,781,913 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 2025 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 13 October 2025 And signed on its behalf by: Page 7
Crosby Hall Educational Trust Balance Sheet M.F, Whitlock Blundell Trustee 13 October 2025 Page 8
Crosby Hall Educational Trust Notes to the Accounts for the year ended 31 March 2025 l 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 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l 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. A55ets 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 bas1S 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 purposes. These are unrestricted fund5 which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Page 9
Crosby Hall Educational Trust Notes to the Accounts Income Recognition of income Income is included in the Statement of Financial Actiwties (SOFA) when the 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 is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donation5 and gifts 15 included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaim5 on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts giftldonation to which it relates. Donated services These are only included in income (with an equivalent amount in 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. Gainslllossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets and facilities Gains/{losses) on investment assets This includes any gain or loss on the sale of investments. Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any 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, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the Costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. 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. 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. Grants payable Governance costs Other expenditure These are support costs not allocated to a particular activity. Taxatlon The charity is exempt from corporation tax on its charitable activities. Page 10
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: Leasehold property straight line over lifetime of lease Equipment Motor Vehicles 25°A reducing 20°A reducing Fixtures & Fittings 10-25°A reducing 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 overdraft5 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. 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. 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 Note5 to the Accounts 3 Statement of Financial Activities - prior year Unrestricted funds Restricted Endowment funds funds Total funds 2024 2024 2024 2024 Income and endowments from: Donations and legacies Charitable activities 62,105 335,058 19,630 15,232 12,602 74,707 335,058 19,630 15,232 Investments Other Total 432,025 12,602 444,627 Expenditure on: Charitable activities 411,774 9,792 421,566 Total 411,774 9,792 421,566 Net gains on investments 14,835) 14,8351 69,581 14,835) Net income 20,251 2,810 18,226 Transfers between funds {69,581} Net Income before other gains1(losses) Other gains and losses: Net movement In funds {49,330) 2,810 64,746 18,226 (49,330) 2,810 64,746 18,226 Reconciliation of funds: Total funds brought forward Total funds carried forward 1,241,743 64,322 457,622 1,763,687 1,192,413 67,132 522,368 1,781,913 4 Income from donations and legacies Unrestricted Restricted Total Total 2025 2024 Donations 48,477 5,903 54,380 20,827 69,304 5,903 75,207 67,203 7,504 74,707 Gift Aid Recoverable 20,827 5 Income from charitsble activities Unrestrirted Total Total 2025 2024 Educational activities 400,578 400,578 400,578 400,578 335,058 335,058 Page 12
Crosby Hall Educational Trust Notes to the Accounts 6 Income from investments Unrestricted Total Total 2025 2024 Dividends 22,053 16 22,053 19,581 49 Interest Receivable 16 22,069 22,069 19,630 7 Other income Unrestrirted Totsi Total 2025 2024 Ofgem 7,462 7,462 7,462 7,462 15,232 15,232 8 Expenditure on charitable artivities Unrestritted Restritted Total Total 2025 2024 Expenditure on charitable activities Educational activities 156,242 7,175 163,417 77,450 Admin costs Employee costs Motor and travel costs 235,715 3,416 71.741 235,715 3,416 71,741 220,498 1,564 63,489 Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 27,959 27,959 32,387 17,804 7,309 17,804 16,176 10,002 Legal and professional costs 7,309 520, 186 7,175 527,361 421,566 9 Net (expenditure)/income before transfers 2025 2024 This is stated after charging- Depreciation of owned fixed assets 10 Staff costs 27,959 32,387 2025 208,617 12,331 14,511 235,459 2024 196,723 10,634 12,266 219,623 Salaries and wages Social security costs Pension costs l employee received emoluments in excess of £60.000 Page 13
Crosby Hall Educational Trust Notes to the Accounts 11 Tangible flxed assets Land and buildings Motor Fixtures & Fittings Equipment Total Vehicles Cost or revaluation At l April 2024 At 31 March 2025 Depreciation and impairment At l April 2024 Depreciation charge for the year At 31 March 2025 1,297,993 1,297,993 128,456 128,456 9,450 9,450 276,841 276,841 1,712,740 1,712,740 259,793 120,377 9,450 209,759 599,379 12,980 2,020 12,959 27,959 272,773 122,397 9,450 222,718 627,338 Net book values At 31 March 2025 At 31 March 2024 1,025,220 1,038,200 6,059 8,079 54,123 67,082 1,085,402 1,113,361 12 Investments Other investments Listed Total Cost or revaluation At l April 2024 Revaluation At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 174,986 18,153) 166,833 174,986 {8, 153) 166,833 166,833 174,986 166,833 174,986 13 Stocks 2025 2024 Finished goods 1,637 1,637 1,604 1,604 Carrying value analysed by activities 2025 2024 Educational activities 1,637 1,637 1,604 1,604 14 Debtors 2025 2024 Trade debtors other debtor5 Prepayments and accrued income 65,273 868 24,268 8,701 74,842 8,215 32,483 Page 14
Crosby Hall Educational Trust Notes to the Accounts 15 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other taxes and social security Other creditors Accruals 18,687 15,969 19,956 2,476 57,088 4,844 15,388 20,806 2,250 43,288 Page 15
Crosby Hall Educational Trust Note5 to the Accounts 16 Movement in funds Incoming reSoUrS At31 March 2025 Resources Gross transfers (including At l April other 2024 gainsllosses) expended Restricted funds: Endowment funds: Expendable Endowment Fund 522,368 522,368 Total 522,368 522,368 Restrirted income funds: Bursary Fund 67,132 20,827 (7,175) 80,784 Total 67,132 20,827 (7,175) 80,784 Unrestricted funds: General funds 79,052 476,336 (520,186) 27,959 63,161 Designated funds: Fixed Asset Fund 1,113,361 {27,959) 1,085,402 (27,959) 1,085,402 Total 1,113,361 Totsl funds 1,781,913 497,163 (527,361} 1,751,715 Purposes and restrictions in relation to the funds: Endowment fund5: Expendable Endowment Fund Thi5 fund was created in 2006 using funds given by the donors to 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 (COIFI 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: 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: Page 16
Crosby Hall Educational Trust Notes to the Accounts Fixed Asset Fund The Fixed Asset Fund represents the ring fencing of asset5 which are not available as part of the general liquid reserves of the charity. 17 Analysis of net assets between funds Unrestrirted funds Restricted Endowment funds funds Total Fixed assets 1,085,402 1,085,402 166,833 499,480 1,751,715 Investments 166,833 355,535 522,368 Net current assets 63,161 1,148,563 80,784 80,784 18 Reconciliation of net cash / (net debt) At31 March 2025 At l April 2024 Cash flows Cash and cash equivalents 502,767 502,767 122,6781 122,678) 480,089 480,089 Net cash / (net debt) 502,767 {22,678) 480,089 FRS 102 requires and entity to report changes in net debt in the accounting period. Crosby Hall Educational Trust does not carry any debt or other borrowings and has a positive net cash position 19 Commitments Penslon commitments 2025 2024 The pension cost charge to the company amounted to: 14,511 12,266 20 Related party disclosures Controlling party The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 17