2022-03-31-accounts - The Pg & Nj Boulton Trust Limited

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Trustees' Annual Report (including	Directors' Report)	2-5
Independent Examiners' Report S~Income and thqtenditure	Account
Statement ofFinancial Activides
(Including Income and Expenditure	Account)
BaIance Sheet
Notes to the Financial Statements		10-15

return c	ompared to th	e value ofthe Charity's invesmt	ents can be analysed as fofio	ws:
			2022	2021
		Income	1.6%	2,0%
		Capital	183%	10.2%
			19.9%	12.2%
Quoted	shares-	Income	2.2%	2A%
		Capital	56%	18.2%
			7,8%	20.6%
			pp	0.0%

					Unrestricted	Funds
				Note	2022	2021
Income and endowments	from:
Investments:
Rental income Interest —deposits					169,976	160,680
Dividends - equities					8,476	8)447
Total income and endowments					178,452	169,127
Expenditare on:
Raising funds				10	82,071	65,418
Charitable activities				9	74,379	68,662
Total expenditure					156,450	134,080
Net gains/losses on investments
Realised gains/(loses)
Loss compared torevalued			amount on pmperty disposal
Realised gains/(losses)		on	disposai ofshares		48	91
Unrealised gains/(losses)
Revaluation gain/(loss)		- investments		3b	18,729	57,879
Revaluation gain/(loss)		- buildings		3s	848,149	426375
Net gains/(losses) on investments					866,926	484,345
Net income/(expenditure)	and net movement			in funds	888,928	519,392
Reconciliation offunds:
Total funds brought forward					4,960,445	4,441,053
Total funds carried forward					5,849,373	4,960,445

Approved b	y the Bo ofTrustees	on 19October 2022 and signed on its bchalfby
Mr P H S	/	8, (,,P ... , , Mr A LPerry
Trustee		Trustee

			2022	2021
ACCUMULATED GENERAL FUND			g
Brought forward on 1 April			1,352,317	1,317,152
Net income/(expenditure) (page 7)			888,928	519,392
Vurealised losses/(gains)
Revaluation (gain)/loss - investments			(18,729)	(57,879)
Revaluation (gsin)/loss - buildings			(848,149)	(426,375)
Realised gains/(losses) on disposal ofinvestments
Previously unreal ised surplus/(deficit)	released from revaluation	reserve	226
Realised gain/(loss) on disposal ofproperties
Previously unrealised surplus/(deficit)	released fium revaluation	reserve
			1374,593	1352317

REVALUATION RESERVES	REVALUATION RESERVES	REVALUATION RESERVES	REVALUATION RESERVES				2022	2021
Land and Bufidfngs
Brought forward							3,540,656	3,114/81
Surplus/(deficit)	on revaluation						848,149	426,375
Transferred toaccumulated		general			fund
							4,388,805	3,540,656
Investments
Bmugbt forward							67,472	9,620
Smplus/(deficit)	on revaluation		(note 3b)				18,729	57,879
Transferred (to)/fium accumulated				general		fund upon sale (note 6)	(226)	(27)
							85,975	67,472
Total revaluation	reserves	at	year		end		4,474,780	3,608,128

8.	COMMITMENTS
					2022	2021
					g
	Brought forward				18,518
	increase in commitment				4333	79,143
	Expenditure during the year		(note 3a)		(22,851)	(60,625)
	Conumtments at 31biarch					18,518
	Commitments due within one year					18,518
	Commitments due more than		one year
						18,518
	There were no capital commitments			at the end ofthe year.
9.	CHARITABLE ACTIVITIES				2022	2021
						0
	Donations {note12)				68,500	62,000
	Stationery, postage and consumables				416	410
	Sundries				326	454
	Internet and administration	costs			84	196
	Governance costs (note 11)				5,053	5,602
					74,379	68,662
10.	RAISING FUNDS				2022	2021
					g
	Investment management	costs
	Property Expenses
	Repairs and rates				51,275	29,631
	insurances				4,101	3,958
	Collection and letting costs				26,325	23,673
	Baddebt provision/write		off		(661)	7,303
	Stock%re)ter's fees				1,031	853
					82,071	65,418