## **BOLDRE CHURCH TRUST** ## **Registered Charity Number 1040210** ## **TRUSTEES REPORT AND ACCOUNTS 31 December 2025** Boldre Church Trust Accounts to 31 st December 2025 Income & Expéndhuro 2024 Genernl StJohn's St Nlcholas 2025 4880 1.485 sooo Donats'ons General Tax wovery 3630 918 41839 7521 LegacBs Dwidend Income Interest ncome Total Incomo 2122 754 7424 2122 2903 58933 1080 1(￿9 1069 13,863 Expenditurg 1016 1016 4901 143.692 Net ￿cOMe/(expendiiUre) Realised g8insl{lossesl Unrealised ga•isl{bssesl SuTpluslldefklt) 7424 24176 37817 69417 53 57917 24176 37817 119910 31119 Tot81 fvnd5 brought forward Total funds cathed fonward 35110 53940 626965 25893 706798 Balance Sha•t 8,186 37,763 Cash Lbyds Bank COIF Deposit Fund Debtors Inland Revenue 2040 22560 917 9654 36765 7521 11694 85218 25893 80,370 242.229 Investments M&G Charibond M&G Charrfund M&G Multi Asset CCLA CBF Global Unli%ted shares 301800 89578 210069 30181)0 89578 211KIPJ9 216,8Y 626965 25893 7116798 M HO￿jh Chairman D F OEonnor Treasurer INDEPENDENT EXAl•llNERS REPORT I report to the tnEslees of BokYr8 Church Trust on my exaTh*nation of the accounts forthe year ended 31 ￿e￿￿leT 2025 As tnt8tee8 you are ￿spOnSible for the preparation of the account5 in accofdancg wlh the requ1￿mentS of the Charities Act 2011 Ilhe Act'l. I report in respect of my èx8mination carrièd out under Section 145 of the Act and I have folk)wed all tha applkgble Directions gwen by the Charity Commi5sK*n under secti?n 14515)tbl of the Act. I ha corryjleted nry exafflination. I confim that no material matters have oome to my attention giwng me cause to belyève that in any Tho18rial rpspeGt.-111 Bccounting records not kept as reQu￿(j by 5ect>Jn 130 of the Act- or {21 tho a¢￿￿nts do not accord with those records" or131 the accoLtnts do not mmpty with the app1kab￿ Fequiremgnts conceming theirfoJm and content set out in the CharftEs (Accounts and Reports) Regulat￿nS 2008 othér than any raquFfgmgnt that the accounts gwe a Irue and fair view. whiL* is not a matter considered os part of an ndependent exanunatK)n. I hava no o)n¢*ms and have coma acro88 no other mattgr3 in connection the examnatKJn to vthich attentDn shoukl be dravm ffj this report h order to enable a proper undarstanding of the accounts to be reached J Graveg FCA East End ## **BOLDRE CHURCH TRUST REPORT OF TRUSTEES For the year ended 31 December 2025** 1. Donations totaling £45,469 were received (2024: £5,880). These comprised £3,630 received from regular donors, £31,839 of restricted donations towards the organ refurbishment at St John’s and a £10,000 restricted donation for the refurbishment of the William Gilpin tomb. Estimated tax reclaimable from Gift Aid on qualifying donations amounted to an additional £8,439. 2. There were no legacies received during the year 3. Interest income of £2,903 (2024: £1,498) was earned on balances in the COIF Charities Deposit Funds. Dividend income of £2,122 (2024: £0) was received from the M&G Multi Asset Fund 4. Grants totaling £1,016 (2024: £18,764) were made to Boldre PCC. The 2025 grants were for the cost of repairs at St Nicholas’ Chapel. 5. The St John’s Fund and St Nicholas’ Fund comprise monies donated by benefactors subject to the stipulation that they be applied 'for the upkeep of the churchyard and fabric of St John’s', or ‘towards the maintenance, repair and upkeep of St Nicholas and its grounds’ respectively. These limitations differ from those prescribed for the General Fund and these funds are accordingly held in restricted funds to ‘ring fence’ them from the General Fund. 6. The overall result of receipts versus expenditures during the year show a profit in the General Fund of £7,424 (2024: £9,118 loss), a surplus in the St Nicholas Restricted Fund of £53 (2024: £717) and a surplus in the St John’s Restricted Fund of £50,440 (2024: £3,500). 7. The money in the St John’s Fund is restricted to the refurbishments of the organ and the William Gilpin tomb at St John’s Church and Churchyard. It is expected that these works will be carried out in 2026 8. The Trustees have agreed, in principle, to earmark £10,000 for future but as yet unspecified projects in the St John’s Churchyard 9. During 2025 M&G decided to close their Charibond Fund. The Trustees decided to reinvest the proceeds into the M&G Charity Multi Asset Fund. The remaining investment assets were, following a review of the current investment portfolio, left in M&G Charifund and CCLA CBF C-O-E Global Equity Fund. All investments are held in funds focused on the Charitable Sector. The General Fund shows a net increase (realized/unrealized gains) in investments of £61,993 (2024: £38,020) ## **BOLDRE CHURCH TRUST** ## **SIGNIFICANT ACCOUNTING POLICIES** - i Quoted investments are shown at market value. Individual investments are revalued annually and any appreciation/depreciation is accounted for in the Income and Expenditure account. - ii Unlisted securities lacking a third party valuation may be shown at trustees’ valuation. - iii Donations received are accounted for on a cash basis. - iv Income tax recoverable on Gift Aid is accounted for on an accrual basis. v - Expenditure is accounted for on an accrual basis. vi Reserves: The trustees - consider all funds of the trust (capital and income) as part of a growing endowment from which discretionary grants may be made to Boldre PCC by way of contribution towards the cost of current or unforeseen future needs of a capital nature, in furtherance of the trust’s objectives. It is the policy only to hold reserves in respect of grants for which commitments have been made by the trust. - vii Going concern: The trustees consider there are no material uncertainties about the trust’s capacity to function in the foreseeable future and continue to adopt the going concern basis of accounting. The main object of the BOLDRE CHURCH TRUST is to assist in the long-term preservation of the ancient Church of St John the Baptist, Boldre and the Chapel of St Nicholas, including the churchyards and the monuments. To this end, the trustees' first priority is to establish a permanent endowment fund while at the same time contributing to capital expenditure projects when the need arises. All contributions from well-wishers are extremely welcome, as are legacies which are a deduction for Inheritance Tax purposes. The trustees are most grateful for the gifts received during the past year, and to those who are generously providing for BOLDRE CHURCH TRUST in their Wills or by Codicil. The trustees welcome all enquiries. ## **Trustees:** Michael Hough (Chairman) Don O’Connor (Treasurer) Bill Madden Tim Farquhar Anne Henley Contributions gratefully received by the Treasurer: Holmedene, Lower Sandy Down, Boldre Hampshire, SO41 8PP Tel: 01590 624996 Email: boldrechurchtrust@gmail.com