Registsrod Charlty Numbor: 1125000
THE SCOTT BOLTON TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2023

THE SCOTh BOLTON TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
CONTENTS
Page
Leg81 and Admlnlstratlve Informallon
Trustees, Report
Independent Audltorg, Report
statement of Flnanclal A¢tivili88
10
8alanL* Sheot
Cash flow statement
12-13
Notes to the Flnancial Slalemenl8
14-17

THE scorr BOLTON TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023
Trustees
Trustees In Offi￿ durlng the year were..
Miss M M Scott
F A Scott
WLGSw8n
Managomont Commlttoo
Mrs C Boscoe
Mr W J Craven
Mr D Garton
Mrs A Brooks
Dr S E Flsher
Mr I Cooper
Mr T P Taylor
3ocr•tary
MrsCLFox
Raglitered 0ffl¢o
Bolton School
Chorley New Road
Bolton
BL1 4PA
Auditors
Crowe U.K. LLP
Chartered Accountants & Registered Auditor¥
The Lexicon
Mount Street
Manchester
M2 5NT
Bank•rn and Investment Managors
Smith & Williamson Investment Managem&nl Limlled
25 Moorgate
London
EC2R 6AY
Sollcltor•
Currey & Co LLP
33 aueen Anne Street
London
W1G9HY

THE SCOTh BOLTON TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
Reference and Administrativo Infomiation
The Scott Bolton Trust was created by a Trust Deed dated 14 May 1962. The Trust was previously
administered as a subsidiary charity of Bolton School, with the Charrty Number 1110703. However, the
Charlty Commission have confirmed that The Scott Bolton Trust has been registered as a main
reporting Charity, number 11250fyJ.
The Trustees. Management Committee. Secretary and registered office of the Charity are shown on
page 1 together with particulars of the Charity's professional advisers.
Structure. Governance and Management
The grant making 8Ctlvlties of the Tru51 linsofar as they relate to the income of the Trust) are currently
dealt with through the Management Committe8 based al Bolton School. Subject lo that and lo the power
for the Management Committee lo appolnt its Secretary, all other powers in respect of the Trust are
reserved to the Trustees. The Trustees have wide powers lo revok& the tnjsls of the $ald Trust Deed
and declare other excluslvely charitable trusts for purposes connected wllh Bolton School or the
Borough of 8dlon. The power of appolnllng new Trustees is currently vested In Mr F A S¢ott.
Employe• Infomiatlon
Th8 Scoll Bolton Trust has no employees.
Rlsk Managemont
Durlng the year th8 Tru31ees have examlned the prlnclpal areas of the Tnjst's operations and
consldered the major risks in each of these. In their oplnlon the Trust has &slablished syslerns whlch,
under normal circumstancos, should allow these rlsks to be managed to an 8¢¢eptable level In Its day
lo day operatlons.
The Truslees conlSnue lo keep the Trust's acllvllles under review, partl¢ularly wllh regard to any major
rlsk8 that may arise from lime lo lime, and lo monllor the effectivene$$ of the $y$lem of internal controls
and other vlable mean5 by which those risks Sdentlfled by the Trustees can best b8 managed,
The key control8 Used by the Tru81 include..
Fomial agendas for all Commlttee and Board acllvS1y.
Comprehensive Strateg￿ plannlng, budgeting and accounting.
Established lines of reporting. and
Clear aulhorisalion and approval levels.
Objocts, Alms, Obl•ctlve8 and Actlvltle8
The object5 of the Trust Include Inter alia..
the promotion and encouragement of educalion al Bdlon School.,
the provision, primarily for boys, girls and young people (being not more than 21 years of age
or if receiving fvll-time in8lruclion al any Unlversily, Colleg8, School or other educational
establishment being not more than 25 years of age) being pupils or foimer pupils of Bolton
School and also for other boys, glrls and young people of such age who shall be resident in the
Borough of Bolton, of facllilles for ￿creatiOn or other leisure lime occupation (being facililles of
which such persons have need by reason of their youth or social or economic circumslancesl
in the interest of their social welfare and for improving their conditions of life,. and
the funding for the benefit of pupils and former pupils of 8olton School (subject lo Ih8ir making
5u¢h contribution towards the expense as Is consldered as appropriatel of..

THE SCOTT BOLTON TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
(a)
travel foi the purpose of education or for attendance at educational course5 either
within or outside the UK.,
allendance at courses or expedliions of an adventurous kind either within or outslde
the UK,. and
journeys or expeditions èithér wlthin or oulslde the UK which give opportunities for
individual initiative in relation to physical, intellectual or cultural pursuits.
(bl
(cl
The Trustees confirm that they have complied wllh the Charilles Act 2011 and have referred lo the
guid8nce contained in the Charity Commission's general and Sub-seclor guidance on public benefit
when reviewing the Trust's aims and objectives and in planning Its activllles and setting ils grant making
pollcy.
The Trust meet$ Its objectives by making grants to pupils and former pup115 of Bolton School who are
embarking on the sorts of activities envisaged in the Trust's objects. Grant8 are also made to inslitulion8
which provide the facilities to enable pupils and former pupils lo carry Out such acllvlties.
Appllcantg are inviled to apply lo the Trust selling out the delalls of Ihelr propoged acllvltles, The
Management Committee Iwhich is appointed annually by the Trusleesl r8Vi8ws the appllcalions and
decides on the grant8 lo be awarded each year. Decisions lo award grants aw based on each
applicallon'8 merit and the benefit that is likely lo be galned from the propo8ed 8clivity (both by the
applicant hlm or herself and in appropriat8 circumstances by those the appll¢anl may be benefiting by
undertaking the prolect). The successful appllcanls are requlred lo report back on their experlences
once thelr activlties are complete so that the Management Commltl&e can review how the grants were
spent and ensure the fundg were applied approwlately.
The 80rt8 of 8clivllies the TnJ8t typlcally supports Include..
Duke of Edinburgh Award and SC¢x¢ling exwdlllons;
work experlence and volunteering abroad.,
cultural. educallonal 8nd sporting trip¥ abroad., and
fundraislng projects.
Such actlvllles benefit young p80ple by Smprovlng thelr Independence and self-confldence. by leaching
them valuable Ilfe skllls and by broad8ning Ihelr understanding of the world. as envisaged by the Trust's
objects.
Again, in Ilne with the Trust's objects, tho beneficiaries of the Trust'8 granl-makSng programm8 are
primarily the pupils and former pupS18 of Bolton School. The Trustees consider Ihls lo be reasonable in
view of the large number of pupils and former pupils who Can potentially benefit and the range of
backgrounds from which the pupils al the school come. (Bolton School 18 Itself a registered charity with
an op8n access policy in place for its pupils. The School encourages children lo attend Irrespective of
their parents. abi1Sty lo pay. offering bursaries where appfopriate ranglng from 10QA to 1000k remission
of school fees. Furthermore, ov8r half the students at the school come from beyond Ihe immediate
Bolton postcodesl.
The Trustees conslder that the direct benefit that the pupils and former pupils receive from having the
opportunity lo enjoy and learn from the sorts of experiences supported by the Tnjsl also has an indirect
ben8fil for the w¢der community by improving those individuals, social skills and awareness. In certain
inslancos (e.g. fundraising projeclsl the activities th& Trust $upports can have a direct benefit on the
wider community.
Further details of grants awarded in the year to 31 August 2023 are Set out in Note 2 to the financial
statement5.

THE SCOTT BOLTON TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
Revlew of Achlevements and Porfornianc• for tho Yoar
The Trust continues lo provide grants lo pupils and former pupils of Bolton School, all applications for
such grants being carefully velled by the Secr8tary and the Management Committee. The Trustees
made a trangfer of£27,000 out of the capital fund lo the Managemènt Committee for this purpose during
the year.
The valLse of grants made by the Management Committee was £35,767 compared lo £18,850 Sn the
previous year. The Management Commillee'g Incomé account {Ihe designated income fund) may be
summarised as follows:
Gross income
Less.. expenses
Nel income
Less.. grants awarded
Operating deficlt
27.000
27.000
This left the Income fund with a poslllve carrled forward balance of £21,468.
Res•fve8 pollcy
All the reserves of the Trust are unre8lricled.
A deslgnaled income fund 1$ mainlalned and the balance at 31 August 2023 was £21,468. It Is not th8
inlenllon of the Trustees lo build up ￿serveS in thls fund.
The remaining reserves are hold In the capllal fund. The balan￿ on the Capital fund al 31 August 2023
was £1,255,702. The Trustees aim to rnaintain this fund at a similar lével in order for sufficienl
investment Income lo be generated lo provlde for future grants in line with Ihe ¢haritable objectives.
Operatlng Perforniancg
The Trust's nel negallve movement in funds for the year amounted to £68,500 (2022.. net negative
movement of £96,624}, wllh fund balances carrfed forward al the end of tho year of £1,277,17012022'.
£1.345,6701.
Investment pollcy and p•rforniance
The Trustees are permitted lo invest avallable funds at Ihelr 8b¥olute discretion. The Trust's
investments are managed by Smith & Williamson Investment Management Limited. Their performance
is regularty revlewed by the Trustees.
The Tnjstees alm to seek maxlmum total relum from the Investmen15 through capltal appreciation or
income as approprlate.
Prlnclple Rlsk8 ond UnGortalntlo8
The Trustees consider the Health and Safety of their beneficiaries whilst travelling lo be the prlnciple
risk area for risk management. The level and breadlh of act￿rtIeS and expeditions is impressive and
applicants are remlnded of the risks associated with these aclfvitles at Ihe b'me of their application
presentation.

THE SCOTT BOLTON TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
Futuro Plans
Strategic pnorilies for the next few years revolve around ensuring there is sufficient investment
performance lo enable the Trust lo continue lo promote and provide facilities for recreation or other
leisure lime occupation {b8ing facilities of which such persons have need by reason of their youth or
social or economic circumstances) in the interest of thèir soclal welfare and for improving their
conditions of lrfe,. and the funding for th6 benefit of pupils and former pupils of Bolton School Isubjecl lo
their making such contribution towards the expense a$ is ¢onsi(Jered as appropriatel of:
(al
travel for the purpose of education or for attendance at educational course8 either
within or outsid8 the UK.,
attendance al courses or expeditions of an adventurous klnd ellher wSlhln or ou181de
the UK., and
Ic} Joumeys or expeditions either within or outside the UK which give opporbjnlties for
Indlvidual initiative in relation to physical, intellectual or cultural pursulls.
Ibl
Statemont of Tru•to0•' Rèsponslbllltle8
The Trustees are responsible for preparing the Trustees. Annual Report and the financial statements In
aCcOrdar￿ with applicable law and United Kingdom Generally Accepted Accounting Pracllce {Unlled
Kingdom Accounting Slandardsl.
Th8 law applicable lo charities in England and Wales requires the Trustees lo prep8re financlal
$181emenls for each financial year which give a true and falr view of the stale of affairs of the charlty
and of the incoming resources and application of resource5 of the ¢harily for that period. In preparlng
Ih&se financl81 statements, the Trustees are required to..
• select suitable accounlSng pollcies and Ih•n apply them consistently,.
observe the methods and prlnclples In the Charilles SORP.,
make judgments and estimates that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject lo any malerlal
departures disclosed and explained in the financial slalemenls.,
prepare the flnanclal slalement8 on the goSng con¢8rn basis unless 11 Is Inappropriate to presume
that the charity wlll continue In buslnes8.
The TNstee$ are responsible for keaping adequate accounting record5 that are sufficient to Show 8ThJ
explain the ¢harity's Iransacllons, dlsc108e with reasonable accuracy al any time the financial poslllon
of the ¢harily and enable them lo ensure that the flnancial Statements comply with the Charilles Act
2011, the Charities (Accounts and R8POrtsl Regulations 2008 and the provisions of the charity,
conslilulion. They are also ffjsponsible for safeguardlng the assets of the charity and hence for taking
reasonable steps for the prevention and delecllon of fraud and other irregularitie5.
Audltor8
Crowe U.K. LLP has Indicated ils willingness to be reappointed as reg181ered auditor.
27: 1: £•l%<.......... and signedon
Approved by the Board of Trustees of The Scoll Bolton Trust on ......
Ils behalf by..
WLGSwan
Trustee

INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE SCOTT BOLTON
TRUST
Oplnlon
We have audited the financial statements of The Scott Bolton Trust for the year ended 31 August 2023
which comprise the Statement of Financial Aclivilie8. Balance Sheet, Cash Flow Stslemenl and notes
lo the financial 51alemenls, including a summary of signtficant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republlc of Ireland (United Klngdom Generally Accepted Accounting Praclicel.
In our opinion the financlal statements..
glve a true ané fair vièw of the stale of the charitable trust's affairs as at 31 August 2023 and of
ils incoming resources and appltstion of resources. including Ils Income and exp&ndilur8 for
the year then endèd.,
have been properly pr&pared In accordanee wllh Unlled Kingdom Generally A¢cepled
Accounting Practlce.. and
have been prepared in accordanoe wllh the requlrements of the Charlties Act 2011.
Bas1¥ for oplnlon
We conducted our audlt in accordance wllh International Standards on Auélllng {UK) {ISAs IUKI} and
applicable law. Our responsibilllies under those standards are further described In the Audllor's
responsibilllios for the audit of the financial statements secilon of our report. We are Independent of the
charitable tru$t in a¢¢ofdance with the ethical requirements th81 are relevant lo our audlt of the flnancial
slalemenls in Ihe UK, including the FRC'S Ethical Standard. and we have fulfllled our other elhlcal
responsibilities in ac¢ordance with these requirgmenls. We belleve thal the auéll evidence we have
obtained is sufficient and appropriate to provide a basis for our oplnion.
Concluslon• relatlng to golng concorn
In audillng the flnancial sl8lemenl$, we have concluded that the tnjstees, use of the golng concern basis
of accounllng In the preparatlon of tho financial statements Is appropriate.
Based on the work we have performed, we hav& not Identlfled any material uncertaintles relating lo
events or conditions that, indlvidually or collecllvely, may c891 slgnrfl¢anl doubl on the charitable Irusl's
ablllty lo continue as a going concern for a period of at least Iwelve months from when the financial
statements are aulhorised for issue.
Our responslbillties and the respon$lbilities of the Iruslees with respect to golng Cor￿arn are described
in the relevant sections of Ihls report.
Other infomiation
The Iruslees are responsible for the other Information contained within the annual report. The other
information cornpri5es the information included in th& annual report, other than the financial slalemenls
and our auditor's report Ihoreon. Our opinion on th8 financial statements doos not cover the other
iriformalion and, except to the exlenl otherwise expli¢illy slated in our report, we do not express any
form of assuran￿ conclusion Ihereon.

INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE SCOTh BOLTON
TRUST
Our responsibility is to read the other informalDn and. In dolng so, consider ￿ether the other
Information is materially inconsistent with the financial statements or our kno￿edge obtained in the
audll or otherwise appears lo be materially misstated. If we Identify su¢h material inconsistencies or
apparent malerlal misslalemenls, we are required lo determine whether this gives rise to a material
mlsslalemenl in the financial statements themselves. If. based on the work we have performed, we
conclude that there is a material misstatement of this olher information, we are required to report that
fact
We have nothlng lo report in this regard.
Mattern on whlch we are roqulr•d to roport by •xc•ption
We have nothing lo report in r•$pecl of the following mallers in relation lo whlch the Chartlles (Accounts
and R8POrtsl R8gvlations 2008 requlre us to report lo you rf, in our opinion..
the Informatlon glven In the financial slalements is Inconslstent In any material respect with th8
Iruslees, report,. or
sufficlenl accountlng records hav8 nol been kept., or
the financial sla18ments are not in agreement with the accounllng records and retums.. or
we have nol received all the information and explanations we require for OLtr audit
R•spon8lbllltlo8 of tru8t•O8
As 8xplained more fully in the trus18es' responsibilities stal&menl s61 out on page 5, the Iruslees {who
ar8 also the directors of the charitable trust for the purposes of charlty lawl are responsible for the
praparallon of the financial slalemenls and for being satisfied that they glve a true and fair view, and for
such Internal control as the Iruslees determine 18 necessary lo enable the preparation of financial
slalemenls that are free from material misstatement, whether due to fraud or error.
In preparSng the flnanclal slalemenls, the trustee5 are responsibl& for assesslng the ch8dtable tru51's
ability lo ¢ontlnue ag a golng concern, dlsclosing, as applicable, mallers related to golng concern and
using the golng wncern ba¥is of accountlng unless the trustees either Intend to liquidate the charitable
trust or to cease operalksns, or have no reallstic allemative bul lo do so.
Audltoes respon8lbllltl•s for th• audlt of tho flnan¢lal 8tatoments
We have b8en appolnted as auditor under section 145 of the Charilles Act 2011 and report in
accordance wllh the Act 8nd relevant regulations made or having effect thereunder.
Our objective5 are to obtain reasonable assurance about whether the financial Statements as a whole
are free from material misslatemenl, whether due to fraud or error, and to Issue an auditor's report that
includes our oplnion. Reasonable assurance is a high level of assuran¢e, but is not a guarantee that an
audit conducted in accordance with ISAS {UK) will always detect a material mi5Stalement when il exists.
Misslaternents can arise from fraud or error and afe considered material if. individually or in the
aggregate, they rould reasonably be expected to influence the economic decisions of users taken on
the basis of these financial slalements.

INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE SCOTh BOLTON
TRUST
Irregularities, induding fraud, are instar￿8 of non-complian￿ with laws and regulations. We design
procedures in line with our responsibilili8s, outlined above, to delecl material misstatements in respect
of irregularities, including fraud. The extent to which 04Jr procedures are capable of del8cling
irregularities. induding fraud is detalled below.
Extent to whlch the audlt was consld¢r¢d capable of detectlng Irregularltle8, Including frnud
IrregularltSes, Including fraud, are instances of non-compliance wlth laws and regulations. We identified
and assessed the risks of material misstalemenl of the financial statements from irregularities, whether
ue lo fraud or error, and discussed these betsveen our audll team members. We then designed and
performed audit procedures responslve lo those risks. including obtaining audit evidence sufficient and
approprlal& lo provide a basis for our opinion.
We oblained an understanding of the legal and regulatory frameworks wlhin which the charitable tnjst
operates. focusing on those laws and regulations that have a direct effect on the determinallon of
malerial amounts and disclosures In the flnancial statement5. The laws and regulations we consldered
In thls context We￿ the Charities Act 2011 and The Charities (Accounts and Reports) Regulations 2008
logether with the Charities SORP IFRS 1021. We assessed the required compliance wilh these laws
and regulations as part of our audit procedures on the related financial 8talement items.
In addition, w8 consldered provisions of other laws and regulallons that do not have 8 dlrecl effect on
the financial slalemenls bul compliance wllh which might be fundamental lo the charitable Irusl's ability
Io operate or to avoid a material penalty. We also ¢onslder8d the opportunllles and Incentives that may
exist wllhin the charitable trust for fraud.
Audillng standards limS1 the required audit procedures lo identify non-compliance wllh these law$ and
regvlalions lo enquiry of the Trustees and other management and insp8clion of ￿gUlatOry and legal
correspondence, if any.
We identrf18d the greatest r4sk of malerlal Impact on the financial ststements from Irregularitles, In¢ludlng
fraud, lo be wilhln Ihe override of controls by management. Our aud51 procedures lo respond to these
risk5 included enquiries of management about thelr own idenlificallon and assessment of the rfsks of
irregularilios, designing audlt procedures over Income, sample lesllng on the posllng of journals,
reviewing accounllng esllmal8s for blases and Trading mlnule8 of meetings of those charged w6th
governance.
Owng lo the inherenl limitations of an audit, Ih6r6 is an unavoidable rSsk that we may not have detected
some material misslalemenls in the financial slatemenls, even though we have propedy planned and
performed our audit In accordance with auditing standards. For example, Ihe further removed non-
compliance with laws and regulations {irregulariliesl is from the events and transactions refflecled in the
financial slalemenl8, the less likely the inher8nlly limited proc8dur8s requlred by auditing standards
would Ident￿ It. In addition. as with any audit, there remained a higher risk of non4eteclion of
irregularities, as these may involve Collusion, forgery, intentional omissions, misrepresenlalions, or the
override of internal controls. We are not responsible for preventing non-compliance and cannot be
expected to delect non-compllance with all laws and regulations.
A further description of our responsibilities for the audit of the finar￿la1 slalemenls is located on the
Financial Reporting Council's websile at.. www.frc.or
uklaudilorsres
nsibililies. This description forms
part of our auditor's report.

INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE sco￿ BOLTON
TRUST
Use of our roport
Th18 report is made sdely to the charity's trustees, as a body, in accordance wllh Part 4 of the Charities
{Acwunls and Reports} Regulallons 2008. Our audit work has been undertak&n so Ihat we might state
to the charity'g Iruslees those matters we are required to stale to them in an audllor's report and for no
other purpose. To the fullest extent permllled by law, we do not accept or assume responslblliiy lo
anyone other than the charlty and the oharity's trustees as a body, far our audit work. for thls report. or
for the opinions we have formed.
UK LLF
Crowo U.K. LLP
Slalulory Audltor
The Lexicon
Mount Street
Manchester
M2 5NT
18th April 2024

THE SCOTT BOLTON TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2023
Lknr05trlctod
Yoar Endod 31 August 2023
Caplt81
Inwn8
Fund
Fund
Igen8rall lth•lgnatedl
Ufwe$trlc4od Funds
Yow Entsd 31 Auous12022
C8tytelFund
Notei
T+
Fund
(g0￿ra￿) (de5wnat•L4J
Total
INCOME
Investment Inc(bm•
Gross Income fr(fft UK
118tsd Invastmènts
Bank Int8r68t
31,838
31,836
183
25,593
11
25,593
Totsl Incomo
EXPENDITURE
R4l•lng fundB
Investment manag8m8nl fe88
10.418
10,418
11,102
11,102
Charltable actlvlti
Improvement of soclol welfar8
and conditlons of Ilfe In your¥J
people who are resldgnt In the
Borough of Boltc
Total exp•ndltur•
N•t Incom• l {•xp•ndltur•l
18,152
135,7671
117,815)
11,758
{18,650
18,894}
Galn•1ll￿•••I on Inv••tm•nt
a880ts.'
Reali8gd
Unroa1180(J
126,6631
124,2221
126.6331
124.2221
161,1111
128.6191
161,1111
128,619)
Transfer of Grant to Commltt88
NET MOVEMENT IN FUNDS
Fund balanc•• at 1 S•ptemb•r
2022
FUND BALANCES AT 31
AUGUST 2023
The notes on pages 14 10 17 form part of these financlal statements. The aclivllles of th8 Trust ar8 classed as
continulng.
io

THE scorr BOLTON TRUST
BALANCE SHEET
AS AT 31 AUGUST 2023
Notes
31 August 2023
31 August 2022
FIXED ASSETS
Investments
1,230,914
1,269.364
CURRENT ASSErs
Cash and bank
Debt
65,209
95,006
CREOITORS: amounts falling due
wlthin one year
Accruals
NET CURRENT ASSETS
TOTAL NET ASSETS
FUNDS
Income fund
C8pltal fund
21,488
30,235
43
TOTAL FUNDS
The financlal stslèments were approved and aulhor588d for183ue by the Boar¢J of Trustees and were
slgned on118 behalf on 27tl) ￿￿7r￿lI 2(J24
Ml88 M M Scott
Trust0•
FAScott
Trust90
WLGSwan
Trustao
li

THE sco￿ BOLTON TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2023
2022
2022
NET CASH OUTFLOW FROM
OPERATIONS
Nel cash used by operating aclivilbs
(49.3811
128,348)
CASH FLOWS FROM INVESTING
ACTIVITIES
Investment Sncome receipts
Payment for Investments
pr￿eedS from sale of investmen15
32.019
1755,2121
742 777
25,604
1522,9851
568 320
NET CASH PROVIDED BY
INVESTING ACTivmE8
19,584
70,939
CHANGE IN CASH AND CASH
EQUIVALENTS IN THE YEAR
CASH AND CASH EQUNALENTS
AT START OF THE YEAR
CASH AND CASH EQUIVALENTS
AT END OF THE YEAR
209
12

THE SCOTh BOLTON TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2023
1. RKonGiliatlon of nel InGom• to not cash outhow from op•rating actlvltles
2023
2022
Net Incomlng resourc85
{17,6151
(6,8941
Non￿p￿atlng cashftows eliminated."
Investment income
{Decreaseylncr8ase in creditors
Decreasel{Increasel in debtor8
{32,019)
125.6041
4.150
Not ¢a•h outhow from op•ratlng activltl
2. Analy818 of ¢a$h and cash oqulvalonts
2023
2022
Cash al bank
Th• not•8 on pag•s 14 to 17 fomi part of th•8• flnan¢lal •latamont•.
13

THE SCOTT BOLTON TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting Pollcl08
Basis of Accountlng
The accounts have been prepared under the historical cost convenllon as modffled by the
revaluation of investments. In preparing the financial stslements the Charity follows best
practice as sèt out in the Charities SORP IFRS 1021- Accounting and Reportlng by Charitle5:
Stslement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial R8POrting Standard applicaNe in th8 UK and the Republic of
Irdand IFRS 102).
The functional currency of the Charity is considered to be GBP because that Is the ujrrency of
thè primary economic environment In which the Charity operates.
The Trust Is a Public 88nèfil Entity registered as a charity in England and Wales on 15 July
2008 {charlty number.. 11250001.
The Tiust manages operallonal cash flow to make best use of available resources. Investments
held as fixed assets are liquidated ff necessary. Overall, the ITU51ees are confident that the Tru81
has suffi¢i6nl resources to conlinue as a golng concern and consider that there were no malerlal
unc•rtainli85 over the Trust's financlal vlabllity.
b. In¢orn•
Income from investments is induded in the Statement of Financial ActlvltSes only If recelved. or
declared and receivable. Realised and unrealised gains or losses arlsing from the sale or
revaluation of investments are accounted for wilhin the Statement of Financial Aclwllies.
c. Rosources Expond•d
Costs of generating fund8 relates lo the inveslrnenl manag8r8 C08t8.
Grant5 are accrued for once the Truste89 have approved the applicallon.
Governance costs includes the costs ¢onneGled with the Charlty's conslltutional and statutory
requirements.
All &xp&n5es are accounted for on an a¢¢ruals basi5.
d. Investments
Investments are slated al market value at the balance sheet dale.
Fund Accountlng
Unreslricled funds are expendable at the discretion of the Trustees in furtherance of the ob*¢ls
or administration of the Charlty-
f. Taxation
The Trust is a reglstered charity, and as such is entitled lo taxallon exemptions on all ils income
and gains. properly applied for its charitable purposes.
14

THE SCOTT BOLTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 AUGUST 2023
Recognition of Liabilities
Liabilili8s are re￿gnised once there is a legal or constructive obligation that commks the
Charity to the obligation.
Critical accountlng Judg0m•nts and k•y Sourceg of estlmatlon un¢•rtainty
In the application of the accounting policies, Trustees are required to make judgement,
estimates. and assumption5 about thè carrying value of assets and liabilities that are not readlly
apparent from other sources. The estimates and underfylng assumptions are based on
historical experi6nce and other factors that are ¢on$ldered lo be relevant. Actual results may
drffer from these estimates.
The eslimales and underlying assumption8 are reviewed on an ongolng bas18. Revisions to
accounting 88limales are recognlsed In the period in which the estlmate Is revised ￿ the revi8lon
affects only that period, or In the perlod of the revision and future perlods ￿the rev181on affected
current and future peri¢xIs.
In the view of the Injslees, no assumpllons ¢on¢ernlng the future or estlmallon unGertalnly
affecting assets or liabilities at the balance Sheet date are likely to result in a malerlal adlustment
lo their carrying amount8 in the next financlal year
Charltsbl• actlvltl••
2023
2022
Grants awardod
Individuals
Inslltulions
Prlor perfod Grant awards pald out
13.750
39.817
23,900
8,400
35.787
18,850
Govemance costs
Totsl
Grants lo individuals of £13.750 (2022.. £23,900} were awarded to puplls and fornier puplls of Bolton
School, In Ilne wllh the objects of Ihe charity.
The total number of such pupils who recelved grants in the year was 37 {2022.' 34). The institution
grants of £39,817 (2022.. £8,400) comprised awards to Bolton School for Equipment al Patterdale Hall.
Totsl Ro$our￿5 Expended
No Trustees have recelved any remuneration or expenses during the year.
15

THE scorr BOLTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (Contlnuod)
FOR THE YEAR ENDED 31 AUGUST 2023
Invo$tmonl8
2023
2022
Balance at 1 September 2022
Additions in year
Disposals
Management fees
Revaluation galns l{Ioss&8)
1.269,364
755,212
1732.361)
(10,416)
1,404.429
522,985
{557,218)
111,1021
Balance al 31 Augu$l 2023
H18torlc cost
2023
2022
Government and corporate stock- UK
UK equlll8s
Investments and unlt IrustB- overseas
129,535
101,065
1,000,314
154,786
655.792
458,786
Cash and Bank
2023
2022
Cllent mney Investment deposlt
DSvldend a¢¢ounl
Income account
Current account
10.797
2.981
18,985
35.862
3.470
15,101
16

THE SCOTh BOLTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 AUGUST 2023
Debtor8
2023
2022
Accrued Income
695
Unr•strlcted Funds
Balance at
1 Septomber
2022
Incornlng Ro8ourc•8
resources
p•nd•d
Inveltment TTan8f•r Balanc• at
galns
botwoen 31 Auguit
funds
2023
Capll81 fund
Income fund
1,315,435
32,019
{13,8671
35.787
{50,8851 (27,0001
1,255,702
21,468
Total
1 345 870
49,634
50.885
1277 170
The income fvnd Is a de8lgnated fund and relate8 lo the funds allocated to the management
committee who review applieallons for grants and decide on grants lo b6 awarded. The transfer
betsveen funds relate5 to the amount transferred from the main unrestricted fund lo tho de51gnated
fund for thi5 purpo$8. The remalnlng balance on the de8lgnaled fund will be spent in the next
flnanclal year.
Not a8•ets of tho funds of th• Charlty
Investments
Net Current
A388lsl
(Liabllilièsl
Fund Balance8
Charhy Unr•strlct•d Funds
Income Funds
Capital Funds
21,468
21.468
25
Totsl Unr8strlet•d Funds
Rolated Party Tran$a¢tlo
Durlng the year, the Trust paid amounts tolalling £2,21412022= £1,788) on normal commerclal temis lo
Currey & Co LLP for wofes8ional Services. WLG Swan, a Trustee of the Trust, Is also a Partner of
Currey & Co LLP.
17