Charity registration number 803178 THE EVENTHALL FAMILY CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE EVENTHALL FAMILY CHARITABLE TRUST CHARITY INFORMATION Settlor.. DH Eventhall Date of Settlement". 11 October 1989 Trustees.. DH Eventhall JL Eventhall ER Eventhall Registered Address.. PO Box 490 Altrincham Cheshire WA14 2ZT Auditors.. Royce Peeling Green Limited The Copper Room Deva City Office Park Trinity Way Manchester M3 7BG Bankers.. Barclays Bank plc 1 ts1 Floor 3 Hardman Street Spinningfields Manchester M3 3HF Investment Managers.. James Sharp & Co The Exchange 5 Bank Street Bury BL9 ODN
THE EVENTHALL FAMILY CHARITABLE TRUST CONTENTS Page Trustees, Report Independent Audilors, Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-12
THE EVENTHALL FAMILY CHARITABLE TRUST TRUSTEES, REPORT The Trustees submit their report and financial statements for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust deed, the Charities Act 2011 and"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)° (as amended for accounting periods commencing from 1 January 2016). Constitution The Trust was constituted by deed on 11 October 1989. Registration The Trusl is registered with the Charty Commission under number 803178. Charlty's Actlvltles and Principal Beneficiaries The settlement commenced with a monelary sum of £50 and is established for charitable purposes. The Trust utilises its investment income to support a broad range of charitable activities. The trustees confirm they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives and in planning future activities and setting the donation making policy for the year. Power of Investment Trust monies may be invested in such stocks, shares, funds and securities or other investments as the Trustees in their absolute discretion think fit. Other Powers and R•strlctlons All the assels of the Trust Fund represent unrastricted assets. Appolntment of Trustees Power to appoint new or additional Trustees is vested in the Trustees. Trustees in year.. DH Evenlhall JL Evenlhall ER Eventhall Review of the Year The Trustees consider the financial performance of the Trust in the year and its state of affairs at the year end lo be satisfactory. Key financial indicators in the period were.. 2024 2023 Investment income Investment gainsl (losses) Trust costs Number of donations Amount of donations £83,811 (£77,561) £8,487 34 £103,070 £73,449 1£214,7201 £8,690 27 £91,620 UJIA received the largest donation during the current year. Nel funds at 5 April 2024 were £2,038,082 (2023.. £2,143,389) an overall decrease of £105,307 in the accounting period {2023'. decrease of £241,580). Aims for the Coming Year The Trustees will Continue to review their aims annually laking into consideration funds available and prevailing circumstances.
THE EVENTHALL FAMILY CHARITABLE TRUST TRUSTEES, REPORT Investment Pollcy The Trustees, investment policy, pursuant to the Trustees Act 2000, is to achieve a balance between income and capital growth. Capital growth is generally to generate future investment income growth. Risk The major risks to which the Trust is exposed have been reviewed by the Trustees and systems have been established to mitigate those risks. Reserves policy The Trustees have full discretion over the level of funds distributed for charitable purposes., their recent practice has been to distribute fully all income generated by the capital assets of the Trust in the year in which such income is received, but depending on the quantum of requests received for suitable donations, the Trustees may choose lo deviate from that practice. In this particular year investments have been realised in order to fund donations in exce55 of the Trust's investment income. Responslblllties of the Trustees The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe Ihe methods and principles in the Charities SORP,. makejudgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that Ihe charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities. Statement of dlsclosure to the Auditors So far as the Irustees are aware, there is no relevant audit information of which the Trust's auditors are unaware. Additionally, the Trustees have taken all the necessary steps that they ought to have taken as Trustees in order to make themselves aware of all relevant audit information and to establish that the Trust's auditors are aware of that information. Auditors The auditors, Royce Peeling Green Limited, Chartered Accountants, have expressed their willingness to conlinue in office. DH Eventhall For and on behalf of the Trustees o December 2024
THE EVENTHALL FAMILY CHARITABLE TRUST INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE EVENTHALL FAMILY CHARITABLE TRUST Opinion We have audited the financial statements of The Eventhall Family Charitable Trust i.the Trust") for Ihe year ended 5 April 2024 which Comprise the statement offinancial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102. In our opinion the financial statements.. give a true and fair view ofthe state of the Trust's affairs as at 5 April 2024, and of its incoming resources and application of resources for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinion We conducted our audit in accordance wilh International Standards on Auditing (UK) (ISAS UK) and applicable law. Our responsibilities under Ihose standards are further described in the Auditorfs responsibilities for the audit of the accounts section of our report. We are independenl of the Trust in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the Trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other Informatlon The Truslees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. Our opinion on Ihe financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial slatements, our responsibility is to read the other information and, in doing so, consider whether the olher information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othewise appears to be materially misstated. If we identify such material misstatement in the financial statements or a material misstatement of the other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are required to report by exception We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion: the infonnation given in the Trustees, Annual Report is inconsistent in any material respect wrth the financial statements., or sufficienl accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns., or we have not received all the infomiation and explanations we require for our audit.
THE EVENTHALL FAMILY CHARITABLE TRUST INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE EVENTHALL FAMILY CHARITABLE TRUST Responslbilities of Trustees As explained more fully in the Trustees, Responsibilities Statement on page 2, the trustees are responsible for the preparation of financial statements and for being satisfied they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial slatements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Trust's abiltty to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees erther intend to cease operations, or have no realistic alternative but to do so. Audltor's responsSbllltles for the audit of the financlal statements We have been appointed as auditors under section 144 of the Charities Acl 2011 and report in accordance wrth the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report thal includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the ISAS (UK) will always detected a material misstalement when It exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expecled to influence the economic decisions of users taken on the basis of these financial statements, Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. At the planning slage of the audit we gain an understanding of the laws and regulations which apply to the Trust and how management seek to comply with them. This helps us to make appropriate risk assessments. During the audit we focus on relevant risk areas and review compliance with laws and regulations through making relevant enquiries and corroboration by, for example, reviewing Trustee Minutes and other documentation. We assess the risk of material misstatement in the financial statements including as a result of fraud and undertake procedures including.. Review of conlrols set in place by management Enquiry of management as to whether they consider fraud or other irregularities may have occurred or where such opportunily might exist Challenge of management assumptions with regard to accounting estimates Identification and testing of journal entries, particularly those which may appear to be unusual by size or nature. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements, or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stalements, as we are less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the FRC'S website at.. htt .'Ilwww.frc.or .ukJaudrtorsres onsibilities. The description forms part of our auditor's report.
THE EVENTHALL FAMILY CHARITABLE TRUST INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE EVENTHALL FAMILY CHARITABLE TRUST Use of our report This report is made solely lo the Trust's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and gUlationS made under section 154 of that Act. Our audit work has been undertaken so that we might stale to the Trust's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trust and the Trust's trustees as a body, for our audit work, for this report, or for the opinions we have formed. ROYCE PEELING GREEN LIMITED CHARTERED ACCOUNTANTS REGISTERED AUDITORS THE COPPER ROOM DEVA CITY OFFICE PARK TRINITY WAY MANCHESTER M3 7BG ao Dec ao3L Royce P8eling Green Limited is eligible lo act as auditor in terms of section 144 of the Charities Act 2011.
THE EVENTHALL FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Note 2024 2023 INCOME Investment income 83,811 73,449 TOTAL INCOME 83,811 73,449 EXPENDITURE Cost of charitable activities Governance costs 107,237 4,320 96,318 3,991 TOTAL EXPENDITURE 1111,557) (27,746> {100,309) (26,860} NET EXPENDITURE BEFORE GAINS AND LOSSES ON INVESTMENTS GAINS AND LOSSES ON INVESTMENTS Realised {lossesllgains on disposals Unrealised (losses) on revaluation of investments 154,480) 123,081) 73,317 {288,037) NET (LOSSES) ON INVESTMENTS 77,561 214,720 NET MOVEMENT IN FUNDS FOR THE YEAR 1105,307) {241,5801 TOTAL FUNDS BROUGHT FORWARD 2,143,389 2,038,082 2,384,969 2,143,389 TOTAL FUNDS CARRIED FORWARD All incoming resources and resources expended derive from continuing activities. The notes on pages 8 to 12 form part of these financial statements.
THE EVENTHALL FAMILY CHARITABLE TRUST BALANCE SHEET AT 5 APRIL 2024 Note 2024 2023 NON CURRENT ASSETS Investments 2,017,566 2,100 045 CURRENT ASSETS Debtors Cash at bank 877 23,959 1,701 45,675 24,836 47,376 CREDITORS: amounts falllng due within one year (4,320) {4,032) NET CURRENT ASSETS 20,516 43,344 NET ASSETS 2 038,082 2,143,389 FUNDS OF THE TRUST Unrestricted income funds 2,038.082 2,143 389 The financial statements were approved by the Trustees on l¢JDecember 2024 and signed on their behalf by.. DH Evanthall JL Eventhall The notes at pages 8 to 12 form part of these financial statements.
THE EVENTHALL FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES Charity Information The Eventhall Family Charitable Trust ('the Trust.) is an unincorporated charity registered at PO Box 490, Altrincham, Cheshire WA14 2ZT. Basls of preparatlon The accounts have been prepared in accordance with the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). las amended for a¢¢ounting periods commencing from 1 January 2016). The Trust is a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of Ihe provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The accounts have departed from Ihe Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Stalemenl of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The accounts are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Incomlng resources All income is recognised once the Trust has entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Interest on funds held on deposit is included upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is nomially upon notification by our inveslmenl advisor of Ihe dividend yield of the investment portfolio. The trust is a registered charty and is exempt from taxation on its income and capital gains. Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Trust to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditufe is accounted for on an accruals basis. All expenses, including support costs and govemance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectalion
THE EVENTHALL FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 that they will receive the grant. Grants awards that are subject to the CipIent fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condrtions attaching to that grant are outside of the control of the Trust. Provisions for grants are made when the intention to make a grant has been communicated to the recipienl butthere is uncertainty as to the timing ofthe grant orlhe amount ofgrant payable. Investment assets Investments are initially recognised at their transaction value and subsequently measured at their market value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference beeen the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. The Trust does not acquire or use put options, derivatives or other complex financial instruments. Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments wrth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabililies. Flnancial Instruments The Trust has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the Iran5action is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic flnancial Ilabillties Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value ofthe future paymenls discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised.
THE EVENTHALL FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Debt instruments are subsequently Carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabllities Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or cancelled. Fund accounting Unrestricted funds are incoming resources received for expenditure on the general objectives of the Trust. INVESTMENT INCOME 2024 2023 Income from fixed interest securities Dividends from equities Interest on cash dep051ts and loans 810 72,549 90 81,871 1,940 83,811 73,449 COSTS OF CHARITABLE ACTIVITIES 2024 2023 Charitable donations (see note 4) Administrative expenses 103,070 4,167 107,237 91,620 4,698 96,318 GRANTS PAYABLE 2024 2023 Grants to institutions.. Charitable donations 103,070 91,620 All grants in the year were made in accordance with the objectives of the trust as stated on page 1. A total of 34 {2023.' 27} grants and donations were made in the year, none of which were to individuals. GOVERNANCE COSTS 2024 2023 Audil and accountancy fees 4,320 3,991
THE EVENTHALL FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 INVESTMENT ASSETS 2024 2023 Quoted investments Unquoted investments 1,994,016 23,550 2,017,566 2,075,295 24,750 2,100,045 Quoted investments All quoted investments held are listed on a recognised stock exchange. Movements In the year may be analysed as follows.. Opening market value Additions Disposals Gainsl(losses) on disposals Net unrealised investment gainslllosses) Closing market value 2,100,045 315,091 {320,009) 154,480) 123,081) 2,017,566 2,365,121 380,810 (431,166) 53,485 (268,205) 2,100,045 Closing historical cost 1,743,118 1,702,149 Investments held at 5 April which are over 50A of the portfolio by value are.. 2024 2023 James Halstead PIC Youngs & Co PIC Fuller Smith & Tumer PIC Nichols PIC PZ Cussons PIC Henderson High Income Trust PIC Henderson International Income Trust PIC Devro PIC Amalgamated Metal Corp PIC 387,840 271,492 358,560 310,536 170,400 221,500 130,624 196,000 118,193 114,450 76,800 147,572 121,450 DEBTORS 2024 2023 Prepayments and accrued income Other Debtors 198 679 877 198 1,701 CREDITORS: amounts falling due withln one year 2024 2023 Other creditors 4,320 4,032 10
THE EVENTHALL FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 UNRESTRICTED INCOME FUNDS 2024 2023 Opening balance Movement in funds during year Closing balance 2,143,389 1105,307) 2,038,082 2,384,969 (241.580) 2,143,389 10. TRUSTEES No trustee (nor any connected person) received any remuneration during the year. 11. EMPLOYEES There were no employees during the current or prior year. 12. RELATED PARTY TRANSACTIONS During Ihe year the Trust made donations of £100 (2023.. £1,000) to The Federation of Jewish Services (the FED), a registered charity of which DH Eventhall is also a trustee.