THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2024
Registered Charity N(>. 1158431
Registered C'ompany No. 08933963
Hailwood & Co
Chartered Accountants

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
YEAR ENDED 31 MARCH 2024
CONTENTS
Page
Infonnation
Trustees, Annual Report (Including Directors, Report)
Independent Examiners, Report
Summary Income lind Expenditure Account
Statement of Financial Activities
(Including Income and Expeiiditure Account)
Balaiice Sheet
Notes to the Financial Stateinenls
10- 16

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
YEAR ENDED 31 MARCH 2024
INFORMATION
CHARITY REGISTRATION NUMBER:
COMPANY REGISTRATION NUMBER..
INCORPORATED IN ENGLAND & WALES
1158431
08933963
TRUSTEES
Mr A L Perry
Mrs S Perry
Mr P H Stafford
Miss M Jardine-smiih
INTERNET ADDRESS
http'./lwww.boultontru.8t.org.uk
REGISTERED OFFICE
The P G & N J Boulton Trust Limited
392 - 394 Hoylake Road
Moreton
Wirral
CH46 6DF
INDEPENDENT EXAMINERS
Hailwood & Co
392 - .394 Hoylake Road
Moreton
Wirral
CH46 6DF
BANKERS
Lloyds TSB plc
I si Floor
.35.5 W()odchurch Road
Birkenhedd, CH42 8PE
SOLICITORS
Lees Solicitors LLP
44145 Hamilion Square
Birkenhead
Witral
CH415AR
STOCKBROKERS
Barclays Investment Solutions Limited
I Churchill Place
London
E14 5HP
PROPERTY MANAGERS
Neston Property Management Limited
clo 38-40 King Street
Wallasey
Wirral
CH44 8AU

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and the financial .%tatements of the charity for the year ended 31 March 2024.
The trustees have adopted the provisions of the Stalernent of Recommended Practice (SORP) Accounting and
Reporting by Charities in preparing the annual report and financial statement,s of the charity.
The tinancial stalements have been prepared in accordance with the accounting policies set out in the notes to the
accounts and comply with the charity's goveniing document, the Charities Act 2011 and Accountiiig and reporting
by Charities.. Statement of accordance with the Financial Reporting Standard applicable in the UK and Republic of
treland published in Recommended Practice applicable to charities preparing their accounts in October 2019.
Reference and Administrative Details of the Charityg its Trustees and Advisers
The registered name of the Charity is The P G & N J Boulton Trust Limited (charity number 1158431) (company
number 8933963). All the Trustees who Served during the year are listed below. Delail.s of the registered office and
the Charily's professional advisers are listed on a separate page at the front of the accounts.
Structure, Governance and Management
Cc)n,slitufic)n and c)rganiJalic)n
The P G & N J Boulton Trust Limited was inLorparated on I l March 21)14 and began trading l April 201.5.
The coinpany was est(Iblished uiider its Memoi'(Induni of AssoLldlion, lind il.% aiiii.s, objecl8 dnd powers al'e
eslablishcd under the Articles of Association. In the event of the company being wouiid up mcnibei-s arc i'equired io
conlribute the amount nol exceediiig £10.00.
Direc'tor.¥ and Tru.flee,v
The directors of the company al'e also charity ti'u.slees, those who served during the yedr were:_
Mr A L Perry - Chairn]an
Mr P H Stafl'ord
Mrs S Perry
Mibs M Jardine-smith
Method of apJ)uintntent
New trustees are appointed by the existing truslee% based on their ability to benefit the organisation with their skills
and knowledge. As there is no real need for specific trliining, Polential Trustees are encouraged to attend a number
of meeiings prior to their appointment.
Risk Maiiageinenl
The trustees have reviewed the major risks facing the charity and have taken action to ensure that there are
procedures and policies in place to address these risks.
Objectives and Activities
Charilable objectives
The objects of the Trust, as set out in the Articles of Association, are to provide financial assi.stance, without
distinction between capital and income tor any charitable purpose thal the Trustees at their uncontrolled discretion
consider to be worthy ot asslstance.

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
Objectives and Activities (continued)
Activities
The trustees fulfil these aims by making donations to other charities and by minimising administration costs,
The trustees aim to target the smaller charities, to whom a relatively small gift can make a significant difference.
Whilst a substanlial proportion of donations is allocated to Christian missionary work in accordance with the
interests of the trustees. a wider interest is maintained by covering other are4lS such as poverty relief, medical
Tesearch, healthcare and disability relief.
Achievements and Performance
During the year, the Trust made charitable donations tolalling £77,500, and kept governance costs to within sfo
(2023.. 410) of the net inconie from investment%. Durii)g the year, the Trust gcive tinancial assislance to 16 different
causes who,se work has aftected the lives ot. people all over the world, iiicluding the UK.
Financial Review
The iolal value of the cumpaiiy's assel.4 have illLI-eased by £92,925 to £.5 .92 million (2n2.3.. £.$ .82 millioii).
The decrease ha4 been niainly due io a fall in ihe properly markel over tlic pasi yeai-, deci-easing ihe value of the
investmeni propeilie%. SuInc pi-c)peilie% slill require refurbislinieiit work wliich will happen as aiid wheii they
beLome vacant, this has beeii reflected in ihe ye¢ir end valualion. There h¢lS also been a f(Ill in ihe value ol quoted
investments.
Reserye,s Policy
The Irust has no plans to furiher build up unre%tricted reserves although the level of reserves can vary depending
upon UK property <ind stock market pertonnance.
The trustees generally look to distribute all of the Charity's realised income.
Investment Powers, Policy and Performance
The trustee8' investment powers are governed by the Articles of Association, which pemiils the Charity's funds to
be invested in aiiy way io further its objects.
The trustees invest the charity's reserves in properly and the stock market, although there is a bias towards property.
The charity's stockbrokers are instructed to maximise income without exposing the charity's funds to undue risk,
but otherwise, control of the porttolio is then passed to them.
A full refurbishmenl on two properties occured in the year. The refurbishments cost £94,475 in total with an
additonal £6,000 expected to be spent next year.

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
TRUSTEES, ANNUAL REPORT {INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
Financial Review (continued)
The average return compared to the value of ihe Charity's investments can be analysed as follows..
2024
2023
Property -
Income
Capital
I.7￿0
2.2CYo
-0,910
2.6%
Quoted shares -
Income
Capital
2.6C70
6.5%
2.7%
-7.3(Yo
9.1(70
-4.60/0
Cash
0.070
o.olo
This reflecl.% an increase in ihe slock m¢irket un investmenl.% still held aiid an inci'eaie in the value of the investinent
pruperties. The housing market over the P<lSt year has steadied after the significant increases in prior year.4. In lotal
there are Iwo properties still needing modernisation. The return on cash inveslments remained as nil.
The inve%tiiient properties have been valued by B.A.Riley RICS who has experience of the local area.
Tlie valuation takes into account ihe current hou8ing m<irket .%ituation which has incredSed over tl)e pa.st year, plus
refurbishmenl works. The quoted shlires also decreased by the year end, Ihe valuation was provided by Barclays
investment solutions limited.
There was one void property al the year end.
There is one fonner tenant who still owes arrears and is only paying minimal amounts. The arrears continue to be
monitored each Month and a provision for these ￿earS has been made during the ye￿.
There has been no significant change in making donations to the benefiCi￿¢s.
The accounts have been prepar¢d on a going concern basis.
Future Plans
Any properties which require refurbishment and modernisation will continue to happen as and when they become
vacant. The properties will continue to be maintained on a cyclical basis and this work will be financed from the
income they generate.

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
Statement of Trustees, Responsibilities
The trustees (who are also directors of The PG & NJ Boulton Trust Limited for the purposes of company law) are
responsible for preparing ihe Trustees, Annual Report and ihe financial statements in accordance with applicable
law and United Kingdoin Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the tniqtees to prepare financial .statements fnr each financial year. which give a true and fair
view ot the state of affairs of ihe charitable company and of the incoming resources and application of resources,
including the income and expendilure, of the chiwitable company tor that period.
In preparing these financial statements, the Irust¢es are required to:
select suitable accounting policies and apply them con8istently'
observe lh¢ methods and principles in the Charities SORP 2019 (FRS 102).
make judgements and estimates that are reasonable and prudent;
state whcthcr applic(Ible UK ALLounting Siandards have been followed, subject to any material departures
disclosed and explained in ihe financial staiements:
prepare ihe financial .%lalemeiits on the going concern basis unless il is inappropriaie to presume Ihat the
charitable company will continue in opei'atioii.
The ti-uslee% are iilso rcsponsible for keeping adequatc accounlii)g record5 th£ii diiclo4e with reasonable accuracy at
any tiine ihe financial posilioTI Ot Ihe charitable Loinpany and enable Lhem to ensure ihllt tlie financial sliilemenl
comply with ihe Companies Act 2006. They are also respon,4ible for safeguarding the a8set8 of ihe chai'il(Ible
company and hence for taking reasonable %tep4 for ihe prevention and deteclion of fraud and otlier irregularities.
The trustees (who are also the direLtors) who served dui'Ang the year and up to ihe dale of the report are set out on
page l.
In planning our activities for the year and fuiiire yearq, the Trustees have kept in mind the Chariiy Coinmission's
guidance on public benefil. The charity constitutes a public benefit entity as defined by FRS 102.
The Truslees report has been prepared having iaken advantage of the small companies exemption in the Companie.8
Act 2006.
Signed for and on behalf of the Irustees
MrALPerry
Trustee
23 October 2024
Mr P H Stafford
Trustee
23 October 2024

THE P G & N J BOULTON TRUST LIMITED
(a Company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
I report to the charity trustees on my examination of the accounfs of the company for the year ended 31 March
2024, which are set out on pages 7 to 16.
Responsibilities and basis of report
Aq the charity trustee.s of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in aLLordance with the requiremenls of the Companies Act 2006
('the 2006 Act,).
Having satisfied myself that the accounts of ihe company are not required to be audited under Part 16 of the 2006
Acl and are eligible for independenl examination, I report in respect of my examination of your company's
accounts as carried out under seclion 145 ot the Charities Act 2011 ('the 2011 Act,). In carrying oul my
examination I have followed the Directions given by the Charity Commission under section 14.fj(5)(b} ot the 2011
Act.
Independent examiner's statement
I have compleied my examination. I confirm that no matters have come to my attention in connection with the
exaininalion giving me cause to believe ihat in any iiiaierial respect..
accounting records were not kepi in respect of ihe company as required by section 386 of the 2006 Acl, or
Ihe accounis dn nnt accord with iliose recordi..
or the accounls do iiol coniply wilh the accounliiig requirements ot seclion 39() ot" the 2006 Act other than Lllly
requiremeiit that the accounl% give a 'true aiid f'air view, which is not a matter coiisidered part of an indepeiidenl
examination: or
the aLLounts Iiiive not been prep<ired in accordance with thc method% and prinLiples of tlie Statement of
Recummended PractÉLe for <iLLounting and i'epoiting by Lharities ¢ippliLable to Lharities prep(Iring their aLcounts
in accordance wilh the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102).
I havc no concerns and have come across no other matters in connection with ihe examiiiation to which attention
should be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
ADLL
A.D. French F.C.A.
Hailwood & Co
Chartered Accounlants
Moreton
23 October 2024

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 20
Note
2024
2023
Income
Gains/(losses) on investments
Interest and investment income
177,025
70,949
8,873
170,859
(72,702)
9,495
Total income
256,847
107,652
Expenditure
9,10
( 163.922)
(134,708)
Net incomel(expenditure) for the yel
92,925
(27,056)

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Funds
2024
2023
Note
Income and endowments from:
Investmenls..
Rental income
Interesl - deposits
Dividends - equities
177,025
170,859
8,873
9,495
Total income and endowments
185,898
180,354
Expenditure on:
Raising funds
Chintable activities
10
79,557
84.365
47.607
87,101
Total expenditure
163,922
134,708
Net gainsllosses on investments
Reali.4ed gains/(loses}
Lo%$ Coinpdred to revalued amouiit on property disposal
Realised gainsl(Ivsses) on disposal of sliares
Unrealised gYdins1{lusses)
Revaluation gain/(loss) investnients
Revalualion gain/(loss) buildings
884
3b
19,540
50,525
(22,916)
(49,752)
Net gainsl(losses) on investments
70.949
(72,702)
Net income/{expenditure) and net movement in funds
92.925
(27,056)
Reconciliation of funds:
Tolal funds brought forwlwd
5,822,317
5,849,373
Total funds carried forward
5,915,242
.5,822,317
Movements in reserves are .shown in notes 6 and 7.
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2024
Note
2024
2023
Investment assets
5,894,767
5,754,987
Current assets
Debtors
Cash ai Bank
19,586
14,452
31,422
42,816
34.038
74,238
Current liabilities
Credilors due in less than one year
(13,563)
(6,908)
Net current assets
20,475
67,330
Total assets less current lilibilities
5,91.f.242
-S,822,317
Unrestricted Funds
Accuinul(ited General Fund
Revaluation Reserve
1,449,460
4.465,782
1,420,423
4,401.894
Net Assets
5,91.5,242
.5,822.317
For the year endii)g 31 March 2024 the company was enlitled io exemption from audit under secti()n 477 of
the Companies Acl 2006 relating to small Lonipanies.
DireLtor?>' i'espon%ibilitie%:
The members have not required the company LO obtain an audit of ils accounts for the year in
question in accordance with section 476.
The direclors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with ihe provisions applicable lo
companics subject to the small companies, regime.
Approved by the Board of Trustees on 23 October 2024 and signed on its behalf by:
MrALPerry
Truslee
Mr P H Stafford
Trustee
Company number: 08933963
The notes on pages 10 to 16 forni part of these accounts.

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
COMPANY STATUS
The charity is a company limited by guarantee, having no share capital. The liability in respect of the
guarantee a8 set out in the Articles of Association is limited to £1 O per member of the company.
The nature of ihe charily's operations and principal activities are disclosed in the Trustees Report.
The company was incorporated in England. The regislered office is 392-394 Hoylake Road. Moreton,
Wirral, CH46 6DF. The charity's object.s are to provide financial <iSSlStance. without distinction between
capital and income for any charitable purpose that ihe Trustees al their uncontrolled discretion consider
to be worthy of assistance. Thc trustees fulfil these aims by makiiig donations to oiher charities ￿]d by
minimising administration costs.
ACCOUNTING POLICY
(a) Basis of Preparation:
Tlie account% have been prepared on a going concern basis under the hi%loric£il cost convention, modified
to include the revaluation ot land, buildings and investment8. They have also been prepared in
accordance wilh Accounting Iiiid Reporting by Charities.. Stalemenl ot Recommended Practice applicable
to charities prepariiig their accouiit.% iii accordaiice wilh tlic F4in<incial Reportii)g Standard applicable iii
the UK aiid Republic of Ireland issued in Oclober 2n19, the Fin'incial Reporling .Siandard applicable iii
the UniteLI Kingdoin and Republic of Irel¢iiid (FR.8 102). IhL' Chai'ilies Aci 2011, Ihe Compaiiies Acl
2006 and UK Generally ALLepied PracliLe.
The charity has not included a cash flow statement as ils income is belnw £500,000.
The chariiy constilute% a public benefit entiiy a% defined by FRS 102.
The financial Statemcnts are presented iii sterling which is the functional currency of the cliaiily and
rounded to the nearest £.
A summary of the more important accounting policies is set out below,
(b) Investment Revaluation Reserve:
Inveslments were revalued at the balance sheet date to reflect market value. Unrealised capital surpluses
and deficils arising on the revaluation ot land, buildings and investments are taken to dli investment
revaluation reserve. Realised revaluatioij surpluses and deficits are taken to the accumulated genera
IAnd and buildings have been valued at open markel value by B Riley RICS and agreed by the Truslees.
Listed investments have been valued at ihe middle m£wket price at the close of business on the balance
(c) Surplus on Disposal of Investments:
The surplus on disposal of investments represents the excess of the sale proceeds over valuation. This
surplus has been credited to the accumulaled general fund. Further details are shown in the notes to the
fIn￿CIal statements.
-10-

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICY (continued)
(d) Investment properties:
Inve%tment properties for which fair value can be measured ieliably without undue co.qt or effort are
measured at fair value at each reporting date with changes in fair value recognised in 'net gainsl(losses)
on investments, in the SOFA, DepreLiation is not provided on investment property.
Capital expenditure on investment properties is added to the cost of property prior to any adjusiment to
reflect the fair value. Any repairs and maintenance considered to be replacements are charged to the
incorne and expenditure account.
le) Investments:
Investments are recogiiised at fair value at each reporting date with changes in fair value recognised in
'net gainsl(losse.s) on investments, in the SOFA as long as the shares are publicly traded or their fair value
can be otherwise measured reliably.
Income recognition:
Income ib recognised in the Statement of Financial Activities (SOFA) when the charity has entitlenient to
the funds. any performance conditions allached io ihe ilem(.s) of income have been mel, it i,s probable
Ihal thc incoine will be received and the amouni can be Ineasured rcliably,
Investinent incnine is eariied tliough holding as%el% for inve%tmenl piiiyoses such a$ Share% and pi'operly.
Il includes dividends, intei'e%l and reiital iiiLome. The iiive.%lmeiit maiiiigemenl co%ls are idelililied uiidei.
riiisiiig funds. liiterest, divideiid% and renliil income are recognised oi) an accruals basis wlien the charily's
righi to receive thi5 income is establi8lied.
All of the inLome is attributable to uni'estrALled funds,
(g) Expenditure and irrecoverable VAT:
Expenditui-e is reLognised once there ib il legal oi. Lonstiuctive obligation to make payinent to a thii'd
pariy, it is pi'obable that settlement will be required and the amount of obligation can be measured
reliably. Expenditure is accounted for on an accruals basis.
Expenditure is classified under the tollowing activity headings,.
Costs of raising funds - are those as8ociated with the running and maintaining of all investments.
Cogts of charitable activities
include donations to other charities, to which there are no conditions
attached and not classified as grants, plus governance and administration costs.
(h) Debtors and creditors receivable/payable within one year:
Debtors and creditors with iio staled inlerest rate and receivable or payable within one year are recorded
at transaction price.
ID

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
INVESTMENT ASSETS
2024
2023
(a) Freehold land and buildings at valuation
Brought forward
Additions
Surplusl(deficit) on revaluation
Realised on disposal
Disposals
5,442,000
100,475
50,525
5,478.000
13,752
(49,752)
5,593,000
5,442,000
At 31 March 2024 the properties had an open market value (with vacant po.%session} of £5,593,000
(2023: £.f,442,000 ). This valualion wa% perfornTred by B.A.Riley MRICS who has experience in the
location and iype of investment properties being valued.
The hisiorical co.sl nf the above properties aniounts to £1,203,421 (2023: LI,102,947}.
All inveglmenl properties are siluated within Ihe UK.
2024
2023
{b) Investments listed on recognised UK Stock Exchanges
Markel value al siart of year
Additions
Disposals
Net uiirealised investment gains/(los.ses)
312,357
336,123
(30,707)
19,540
(850)
(22,916)
Market value at end of year
Revaluation (surplus)Ideficit
301,190
312,357
(76,203)
(62,840)
Cost
224,987
249,517
-12-

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee}
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
INVESTMENT ASSETS Icontinued)
2024
2023
(c) Cash held as part of investment portfolio
On deposit with banks
On deposit at stockbroker
577
630
577
630
Total investment assets at year end
All investments are held primarily for the return they provide.
5,894,767
5,754,987
DEBTORS
2024
2023
Rent arrears
Less: bad debt pr()vision
5,742
(?,40.5)
5,642
(1,195)
Net arrear.8
O(her debtors
Prepaymeiits
3,-737
4,447
24,760
2,215
19,586
31,422
CREDITORS
2024
2023
Deposits held on behalf of tenants
Rent advances
Sundry creditors
Other creditors
1,849
5.714
6,000
1,425
5,483
13.563
6,908
-13-

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
NOTES TO THE ACCOUIYTS
YEAR ENDED 31 MARCH 2024
2024
2023
ACCUMULATED GENERAL FUND
Brought forward on l April
Nel incomel(expenditure) (page 7)
1,420.423
92,925
1,374,593
(27.056)
Unreali8ed losses/(gains)
Revaluation (gain}Iloss - investments
Revaluation (gain}Iloss - buildings
(19,540)
(50,525)
22,916
49,752
Redlised gainsl(losses) on di8posal of investments
Previously unrealised surplusl{deficit) released from rev&ilualion reservt
Realised gain/(loss) on disposal of properties
Previously unrealised surplusl(deficit) released from revaluation reserv(
6,177
218
1,449,460
1,420.423
Tlie accumul<lted fund is repi-esented by investmeiit a4%ets of £1,428,985 and net ciirrent a%sels of
£20,475.
REVALUA TION RESERVES
2024
2023
Land and Buildings
Bi-c)ugyhi f()rw(ird
Surplusl(deficit) on revalualioii
Transferred io accumulated general fund
4,339,053
50,525
4,-388,80.5
(49,752)
4,389,578
4,139,053
Investments
Broughi forward
Su￿lUSI{def1cIt) on revaluation (note 3b)
Transferred (lo)Ifrom accumulated general fund upon sale (note 6)
62,841
19,540
(6,177)
85,975
(22,916)
(218}
76,204
62.841
Total revaluation reserves at year end
4,465,782
4,401,894
The revaluation reserve is represented by investment assets of £4,465,782.
-14-

THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
COMMITMENTS
2024
2023
Brought forward
Increase in commitment
Expenditure during the year
14,400
6,000
(14,400)
14,400
Commitments at 31 March
14.400
Commitments due within one year
Commitments due more than one year
6,000
14,400
6,000
14,400
The above commitment.% relate lo refurbishment work in respect of an investmenl property which has
been authorised by the year end.
CHARITABLE ACTIVITIFS
2024
2023
Donation8 (note 12)
Stationery, po%tage and consumables
Suiidrie
Inlen)et and admiiii%ti'ation cosl.4
Governance co%t% (note I l )
77,500
462
518
189
5,696
81,000
432
266
84
5,319
84,365
87,101
10. RAISING FUNDS
2024
2023
Investment management costs
Property Expenses
Repairs and rates
Insurances
Collection and letting costs
Bad debt provision/write off
Stockbroker's fees
44,964
5,460
27,006
1,185
942
16,874
4,846
26,227
(1,255)
915
79,557
47,607
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THE P G & N J BOULTON TRUST LIMITED
(a company limited by guarantee)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
11. GOVERNANCE
2024
2023
Independent examin41tion fees
Legal and professional fees
Accountancy services
Bank charges
1,242
1,190
4,351
103
4.024
105
.5,696
5,319
12. DONATIONS TO CHARITY
2024
Answer.8 In Genesis
Armenian Ministi'ies
Asia Link
Avltil Mi%%ion
Barn<iba% Fiind
Clidrles Thompson Mis%ion
Christi6?n Fellowship %Lhool
Christian In%litute
Elam Ministries
L()ngLroft Chui'ch
Nepal Leprosy Trust
New Tribes Mi85ion
Peru People
Slavic Gospel Association
Vision For China
Wycliffe UK
2,000
2,000
1,500
2,000
3,000
2,001)
24,000
1,000
1,000
500
1,000
19,000
12,000
77.500
All the above donations have been paid to institutions.
13. REMUNERATION OF TRUSTEES
None of the Trustees received remuneration or expenses during either financial year.
14. RELATED PARTIES
Control
The charity is controlled by its trustees whose names are shown in the trustees report.
Transactions
There were no related party transactions during either year.
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