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
reSoUr￿S
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