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|---|---|---|
|Information|||
|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|
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|TRUSTEES|Mr ALPerry|||||
|---|---|---|---|---|---|
||Mrs SPerry|||||
||Mr PH Stafford|||||
||Miss M Jardine-Smith|||||
|INTERNET ADDRESS|http://www. boultontrust. org.uk|||||
|REGISTERED OFFICE|The PG dt NJBoulton Trust||||Limited|
||392 - 394Hoylake Road|||||
||Moreton|||||
||Wirral|||||
||CH46 6DP|||||
|INDEPENDENT EXAMINERS|Hailwood Jk Co|||||
||392 - 394Hoylake||Road|||
||Moteton|||||
||Wirral|||||
||CH46 6DP|||||
|BANKERS|Lloyds TSBpic|||||
||1stFloor|||||
||355Woodchurch||Road|||
||BirkenhetuL
CH42 SPE|||||
|SOLICITORS|Lees Solicitors LLP|||||
||44/45 Hamilton|Square||||
||Birkenhead|||||
||Wirral|||||
||CH41 5AR|||||
|STOCKBROKERS|Barclays Invesunent|||Solutions|Limited|
||I Churchill
PIace|||||
||London|||||
||E145HP|||||
|PROPERTY MANAGERS|Neston Property|Management|||Limited|
||c/o 38-40King Street|||||
||Wallasey|||||
||Wirral|||||
||CH44 SAU|||||
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|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%|
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||||||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|
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|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|
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|||||||2022f|2021
f|
|---|---|---|---|---|---|---|---|
|(b)|Investments|listed on recognised|||UK StockExchanges|||
||Market value|at start ofyear||||318,460|261,318|
||Additions|||||||
||Disposals
Net umeansed||investment|gatnst'(losses)||(1,066)
18,729|(736)
57,879|
||Market value|at end ofyear||||336,123|318,460|
||Revaluation
(surplus) jde6cit|||||(85,974)|(67,470)|
||Cost|||||250,149|25G,990|
|||||||2022f|2021
f|
|(c)|Cash held as|part ofinvestment|||portfolio|||
||On deprnit with||banks|||||
||On deposit at|stockbroker||||759|646|
|||||||759|646|
||Total investmeat
assets|||at year end||5,814,882|4,926,106|
||All investments||are held|primarily|for the return they provide.|||
||DEBTORS||||||2021f|
||Rent arresm|||||9367|1G,890|
||Less:bad debt provision|||||(2,782)|(3,443)|
||Net arrears|||||6485|7)447|
||Other debtors|||||13,214|25,831|
||Prepayments|||||1,776|1,640|
|||||||21,575|34,918|
|5.|CREDITORS|||||2022|2021|
||Deposits held|on behalf oftenants||||||
||Rent advances|||||1,331|1,331|
||Sundry creditors|||||5,250|5,029|
||Other creditors||||||18,000|
|||||||6,581|24,360|
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||||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|
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|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|
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|11|||||||
|---|---|---|---|---|---|---|
|.|GOVERNANCE||||2022|2021|
||Independent
examination|||fees|1,123|1,080|
||Legal and professional||fees|||745|
||Accountancy
services||||3,828|3,680|
||Bank charges||||102|97|
||||||5,053|5,602|
|||||||2022|
|12.|DONATIONS TO|CHARITY||||E|
||Anglo-Peruvian
Child||Care Mission|||1,000|
||Answers
In Genesis|||||1,500|
||Asia Link|||||500|
||Bamabas Fund|||||2,000|
||Cambodia Action|||||500|
||Charles Thompson|Mission||||1,500|
||Christian Fellowship||School|||500|
||Christian
Institute|||||3,000|
||Blam Ministries|||||500|
||Longcroft Church|||||23,000|
||Nepal Leprosy Trust|||||2,000|
||New Tribes Mission|||||1,000|
||Peru People|||||500|
||Slavic Gospel Association|||||3,000|
||Vision ForChina|||||22,000|
||Wyciiife UK|||||6,000|
|||||||68,500|
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