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|||Page|
|---|---|---|
|Informed on|||
|Trustees' Annual Report (lrcluding|Directors' Report)|2-5|
|Independent
Exandners'
Report|||
|Summary hcome and Expenditme|Account||
|Statement ofFinancial Activities|||
|(including
Income and Expenditure|Account)||
|Edance Sheet|||
|Notes to the Fmancial Statements||IO-15|
||MrALPerry|||||
|---|---|---|---|---|---|
||Mrs SPerry|||||
||MrPH Stafford|||||
||Miss M Jardttss-Smith|||||
|INTERNET ADDRESS|httpg/www.
boultontrust. org.uk|||||
|REGISTEREDOFFICE|The PG ds NIBoulton Trust||||Limited|
||392- 394Hoylake Road|||||
||Moreton|||||
||Wirral|||||
||CH46 6DF|||||
||Hailwood
dt Co|||||
||392 -394Hoylake||Road|||
||Moreton|||||
||Whrat|||||
||CH46 6DF|||||
||Lloyds TSBpic|||||
||1stFloor|||||
||355Woodchmeh
Road
B~,CH42 8PE|||||
|SOLICITORS|Lees Solicitms LLP|||||
||44/45 Hamilton|Square||||
||Bidcenhead|||||
||Wirral|||||
||CH41 5AR|||||
|STOCKBROKERS|Barclays Insestment|||Solutions|Limited|
||1 Churchill Ptao:|||||
||Lmrdon|||||
||E145HP|||||
|PROPERTY MANAGERS|Neaten Pmperty|Management|||Limited|
||c/o 38-40King Stnet|||||
||Wallasey|||||
||Wirral|||||
||CH44 8AU|||||
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||Note|||
|---|---|---|---|
|Income
Gaind(losses)
un investments
lntemu and investment
income||160,680
484,345
8,447|166,707
(71,331)
10.572|
|Total income||653,472|105,948|
|Expenditure|9,10|(134,080)|(140,058)|
|Net incomej(expenditure)
fortbe year||519,392|(34,110)|
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|||||||Unrestricted|Funds|
|---|---|---|---|---|---|---|---|
||||||Note|2021|2020|
|||||||8|8|
|Income and endowments
from:||||||||
|investments:||||||||
|Rental income||||||160,680|166,707|
|Interest - deposits||||||||
|Dividends
-equities||||||8,447|10,572|
|Total income and endowments||||||169,127|177,279|
|Expenditure
on:||||||||
|Raising funds|||||10|65,418|70,607|
|Charitable
activities|||||9|68,662|69,451|
|Total expenditure||||||134,080|140,058|
|Net gains/losses
on investments||||||||
|Realised gains/(loses)||||||||
|Loss compared to revalued||amount|on property|disposal||||
|Realised gains/(losses)|on|disposal ofshnes|||||649|
|Unresliscd
gains/(losses)||||||||
|Revahation
gain/(lass)|-investments||||3b|57,879|(41,208)|
|Revaluation
gain/(loss)|- buildings||||3a|426,375|(30,772)|
|Net gains/(losses)
on investments||||||484,345|(71,331)|
|Net income/(expenditure)
and net movement|||in funds|||519,392|(34,110)|
|Reconciliation offunds:||||||||
|Total funds brought forward||||||4,441,053|4,475,163|
|Total funds carried forward||||||4,960,445|4,441,053|
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|IESTMET|||
|---|---|---|
|NVN ASSETS|2021|2020|
|Freehold land and buildings at valuation||g|
|Brought forwaid
Additions
Surplus/(deficit)
un revaluation
Realised on disposal|4,120,000
60,625
426,375|4,145,000
5,772
(30,772)|
|Disposals|||
||4,607,000|4,120,000|
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|(b)|Invesbnents|gated on~UKStock Eucbanges|gated on~UKStock Eucbanges|gated on~UKStock Eucbanges|||
|---|---|---|---|---|---|---|
||Market value|at start ofyear|||261318|332,809|
||Addidons||||||
||Disposals
Net unrealised||iovesmumt
gains/(tosses)||(736)
57,879|(30,283)
(41')|
||Market valoe|atend ofyear|||318,461|261,318|
||Revaluation
(surplus)(deficit||||(67.470)|(9,618)|
||||||250,991|251,700|
|(c)|Cash beld as|part ofinvestment||portfolio|||
||On deposit wigr||banks||||
||On deposit at|stockbroker|||646|692|
||||||646|692|
||Total investment
assets at year|||end|4,926,107|4382,010|
||All invesnnents||are held prinwily|fortbe return they provide.|||
|*|DEBTORS||||||
||Rent anears
Less: bad debt|tuovisico|||10,890
(3.443)|10,890
(3,000)|
||Net rsresrs||||7,447|7,890|
||Other debtors||||25,831|13,990|
||preiutymcnts||||1,640|1487|
||||||34,918|23,467|
||Deposits held on||behalf oftenants||||
||Rent advances||||1331|1,331|
||Sundry creditors||||5,029|5,011|
||.Other creditors||||18,000||
|||||||6,342|
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|Brought forward on 1 April 2020
Net incmne/(expenditure)
(page 7)|||||1,317,152
519,392|1,274,194
(34,110)|
|---|---|---|---|---|---|---|
|Unrealiscd
losses/(gains)|||||||
|Revaluatiou
(gam)/loss - investments
Revaluation
(gain)/loss
-buildings|||||(57.879)
(426,375)
41,208
30,772||
|Realised gains/(tenses)
on disposal ofinvestments|||||||
|Previously
umealised
surplus/(deficit)
released Rom revaluation
Realised gaia/(ttus)
on disposal ofproperdes|||||resene
27|5,088|
|Previously
unrealised
surplus/(deficit)|released fmrn revaluation||||reserve||
||||||1,352,317|1,317,152|
|The
accumulated
fund
is represented|by|investment||assets|of 61317,979 and
net|current
assets|
|off34,338.|||||||
|REVALUATION RESERVES|||||||
|Land and Bufidings|||||||
|Brought forward
Surplus/(deficit)
on revaluation
Transferred
to accumulated
genaal had|||||3.114,281
426.375|3,145,053
(30,772)|
||||||3~,655|3.114381|
|Investments|||||||
|Brought forward|||||9,620|55,916|
|Surplus/(deficit)
on revaluation
(note 3b)
Transfemxl
(to)/from accumulated
general|fund|upon sale (note 6)|||57,879
(27)|(41808)
(5,088)|
||||||67,472|9,620|
|Total revaluation
reserves at year end|||||3,608,128|3,123,901|
|The revaluation
reserve is represimted
by investment|||assets off3,608,128.||||
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|Brought forward|Brought forward|||
|---|---|---|---|
|Increase in comndtment||79,143|5,772|
|Expenditure|during the year (note 3a)|(60,625)|(5,772)|
|Conunitments|at 31March|18,518||
|Commitments|due within one year|18,518||
|Comnutments|due more than one year|||
|||18,518||
##
|The above commitments|relate to mfurbishment|relate to mfurbishment|work|in respect of an investment|in respect of an investment|prupeny|which
has|
|---|---|---|---|---|---|---|---|
|been
authorised
but not|contracted|fcr by the|year end. The commitment||has not bren provided
for|||
|in the financial statements.|The above will be funded by|||cash reserves.||||
||||||||2020|
||||||||g|
|Donations (note 12)|||||62,000||64,000|
|Stationery, postage and consumables||||||410|402|
|Sundries||||||454|38|
|Internet and administration|costs|||||196|196|
|Governance costs (note 11)||||||5,602|4,815|
||||||68,662||69,451|
|RAISING FUNDS||||||||
|Investmmt
management|costs|||||||
|Property Expenses||||||||
|Repairs and rates|||||29,631||38.821|
|Insurances||||||3,958|3.752|
|Collecdon and testing costs|||||23,673||24,070|
|Bad debt provisionhvrite|off|||||7,303|3,000|
|Stockbroker's
fees||||||853|964|
||||||65,418||70,607|
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|||||
|---|---|---|---|
|GOVERNANCE||2021||
|||8||
|Independent ~ion fees||1,080|1,072|
|Legal and professional|fees|745||
|Accountancy
services||3,680|3,652|
|Bank charges||97|91|
|||5.602|4,815|
|DONATIONS TO CHARITY|||2021
g|
|Answers
ln Genesis|||2,000|
|Asia Link|||1000|
|Bamabas Fund|||2,500|
|Charles Thompson Mssion|||2,000|
|Children Alone|||I400|
|Christian
Fellowship School|||1,000|
|Christian Institute
Blam Mnistries|||3,000
1,500|
|Longcroft Church|||19,500|
|Nepal Leprosy Trust|||1400|
|New Tribes Mission
Slavic Gospel Association|||1,000
1,500|
|Vision For China|||18,000|
|Wycliffe UK|||6.000|
||||62,000|
|All tbe above donations|have been paid to institutions.|||
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