## **Trustees' Annual Report for the period** Period start date Period end date 01 March 2020 28 February 2021 **From To** ## Section A Reference and administration details **Charity name** Boston Municipal Non-Educational Charities (a CIO) **Other names charity is known by** Boston Municipal Charities **Registered charity number (if any)** 1171896 **Charity's principal address** 28 Wide Bargate Boston Lincolnshire **Postcode PE21 6RT** **Names of the charity trustees who manage the charity** |1
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11|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||Maurice Wiliam
Judge|||| ||Patricia Ruth Street|||| ||Ernest Albert
Napier|||| ||Andrew Bakewell|||| ||John Brogden|||| ||Rev’d Alyson
Buxton|||| ||Anthony Robert
Austin|||| ||Stephen Woodliffe|||Boston Borough Council| ||Sean Forster|||Boston Borough Council| ||Colin Brotherton|||Boston Borough Council| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** March **2012** 1 ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser **
**Name**
**Address**||| |**Legal**|Chattertons Legal
Services Limited|28 Wide Bargate, Boston, Lincolnshire PE21 6RT| |**Financial/Investment**|Chattertons Wealth
Management Limited|5 South Street, Horncastle, Lincolnshire LN9 6DS| |**Accountancy**|Dexter & Sharpe|The Old Vicarage Church Close Boston Lincolnshire PE21
6NA| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| **Section B Structure, governance and management** ## **Description of the charity’s trusts** - Charity Commission Foundation Model CIO Constitution - Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation - How the charity is constituted (eg. trust, association, company) Five initial Trustees on creation of CIO. - Trustee selection methods Not less than 2 nor more than 4 Trustees to be appointed by Boston - (eg. appointed by, elected by) Borough Council. 2 Trustees ex-officio – the Mayor of Boston and the Priest in Charge of St Botolph’s Church Boston 2- 6 Trustees nominated by other Trustees Maximum number of Trustees therefore 12 ## **Additional governance issues (Optional information)** This is the fourth full year of this relatively newly formed Charity. You **may choose** to include additional information, where relevant, about: Day to day administration of the Charity is done by Mrs Katherine Bunting  of Chattertons Legal Services Limited who is the Clerk to the Charity. policies and procedures adopted for the induction and Because of the Covid 19 Pandemic the trustees were not able to meet training of trustees; during the year. - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. **TAR** March **2012** 2 ## **Section C Objectives and activities** The Charity is divided into three sections as result of the history of the charities it has replaced/merged with on formation. The Objects of the three sections are as follows: **Summary of the objects of the charity set out in its governing document** 1. The prevention or relief of poverty in the Borough of Boston Lincolnshire by providing: grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty. 2. To advance Christian religion for the benefit of the public in the Borough of Boston Lincolnshire by supporting with grants the activities and Mission of all Christian Churches in that area. 3. To preserve and protect the health of patients and the public in the Borough of Boston Lincolnshire by providing and assisting in the provision of facilities, support services and equipment not normally provided by the statutory authorities. In administering the Charity the Trustees declare that they have had regard to the guidance issued by the Charity Commission on public benefit. During its fourth year of operation the Charity has not made any payments due to the Trustees being unable to meet during the ongoing Covid 19 pandemic as most of the Trustees are elderly and vulnerable. Income has continued to be accumulated to be used in future years. **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** ## **Additional details of objectives and activities (Optional information)** **TAR** March **2012** 3 Policy on Grant Making _The organisation will look to make grants to churches in order to enable them to deliver their programme of promoting Christianity throughout the Borough whether this is by way of making grants towards capital projects or towards income projects. Grants will be made towards projects that can be demonstrated to promote all aspects of the Christian religion._ _It is intended that the minimum grant would be £500 and the maximum grant will depend on the income of the organisation._ _The organisation would intend to monitor the impact of the grants it makes by asking for follow up reports from those to whom grants were made. The precise requirements of the follow-up reports and the timetable would depend on the type and amount of grant made, the nature of the project involved etc._ Contribution made by volunteers _There are no volunteers involved with the Charity, other than the Trustees themselves._ You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** March **2012** 4 Section D Achievements and performance **Summary of the main achievements of the charity during the year** The total income for the year was £43,656.73. The bulk of the income of the Charity (£42,526.03) is reserved for the advancement of religion section of the Charity. After payment of professional fees for the ongoing management of the CIO, investment advice and accountancy services, totalling approximately £10,443 paid in the year, a further £32,000 approximately of income has been retained and carried forward to be paid out in grants in subsequent years. **TAR** March **2012** 5 ## **Section E Financial review** ## **Brief statement of the charity’s policy on reserves** **Brief statement of the** Subject to the specific situation which has arisen due to the pandemic the **charity’s policy on reserves** Charity does not intend to maintain anything more than a nominal level of reserves going forward, provided sufficient suitable grant applications are received to allow the full amount of income generated to be paid out in future years. Based on the number of applications received in recent years it appears there will be plenty of demand for the Charity’s funds. If this turns out not to be the case the Charity may consider widening its objectives to allow it to assist other worthwhile Christian Charities in Boston which do not currently fall within the Charity's precise Objects. **Details of any funds materially** None **in deficit** ## **Further financial review details (Optional information)** Principal sources of funds You **may choose** to include additional information, where relevant about: - _All funds have been transferred from the previous unincorporated_ - relevant about: _charities which the Charity has replaced, which in turn derive from_ - the charity’s principal _ancient charities established in the 16[th] and 17[th] centuries. The bulk arise_ sources of funds (including _from the sale of land and the benefit of overage agreements on that land_ any fundraising); _in the past 10 years. The sums generated have been invested in a variety_ - how expenditure has _of funds in the specialist charitable investment market one the advice of Chattertons Wealth Management Limited._ - supported the key objectives of the charity; _There is no fundraising._ - investment policy and objectives including any Policy on Investment ethical investment policy adopted. _The general investment policy is to balance generation of income to enable the Charity to fulfil its objectives whilst ensuring long term maintenance of the real capital value of the investments so that the real value of the income generated by the investments keeps pace with inflation allowing the charity to continue to operate, hopefully in perpetuity._ _The Charity has considered but decided not to adopt any particular ethical investment policy._ ## **Section F Other optional information** None ## **Section G Declaration** N **TAR** March **2012** 6 **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Katherine Louise Bunting **Position (eg Secretary, Chair,** Clerk **etc) Date** 14.10.2022 **TAR** March **2012** 7 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 FINANCIAL sfATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 21121 THE BOSTON MUNlCtPAL NON-EDUCATIONAL CHARITILS CHARITY NUMBER: IJ71896 FOR THE YEAR ENDED 28 FEBRUARY 2021 CONTENrs PAGE Independent Examiner'5 R¢port Receipts and Payments Account Statements of Assets and Liabililies Schedule of Personal Estate INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITABLE INCORPORATED ORGANISATION ('Ihe CIO.) CHARITY NUMBER: 1171896 I report lo the chariiy trU￿etS on my ¢xamination of ihc a¢wunts of the CIO for the year ended 28 February 2021. Respon$ibili¢ieg and basis of report As the charity trUs￿eS of the CIO you arc rewnsible for the preparation of accounts in accordance with the requirements of th¢ Charities Act 2011 ('Ihe Acl.). I r¢port in respect of my examination of the CIO'S accounts carried out under section 145 of the Aci. In carryinsout my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. IndepeMdeAI examiner's statement I have compleled my examination. I confinn ihat no material matters have come to my attention in COnn￿li0n wilh ihe examination giving me cause ￿ believe thai in any material respeci.. l. Acwunting records were kept as required by section 130 of the Act. or 2. The accounts do not accord with those records. I have no concems and have come across no other matters in connection with the examinaiion to which attention should be drawn in this r¢rA)rt in ord¢r lo ¢nabl¢ a proper undcr5tanding of th¢ a¢wunts lo b¢ reached. MRS NICOLA MICHELLE LENTON FCCA IndepeDdeDt Examiner Dexter & Sharpe Cbartered Certified A¢co¥Dtants The Old Vicarage Bosto Lin¢olnshire PE216NA Dal¢'. 26 May 2022 os Zo2 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHAIUTY NUMBER: 1171896 RECEIIryS AND PAYMEiwfs ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2021 Relier lu Need Toi#l 2021 Total 2020 Religion Medical Receipts N4iWest Bank PLC- Intere 9J7 9J7 26.01 Charifaiih Common Investment Fund 216.380.90 In￿me Units 10,789.29 10,789.29 8.101.96 Schroder Charity Multi-A5Set Fund 359,487.57 disttibution units 45&60 704&85 106J4 7th09.99 7.681.52 COIP Charity Funds 14,647.96 In￿Me unils 460.18 7,102.12 107J8 7ffj69.68 7,518.81 Property Income Trust for Charities Fund 245.309.51 Units 662JO 8ffj62JO 10,135.96 Alpha Common Investhienl Fund 140.581.069 income units 4.726J3 4,n6.33 5,629.00 Rathbone Core Investment Fund for Charities income 176,783.43 units 4,189.77 4,189.77 4.949.93 Overage payment - net 162,936.51 TOTAL RECEIPTS 916.78 42526.03 213.92 43,656.73 206,979.70 ALL FUNDS ARE RESTIUCTED THE BOSTON MUNICIPAL NON-EDUCATIONAL CHAR]TIES CHARITY NUMBER: 1171896 RECEivfs AND PAYMENTS ACCOU1￿ (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021 Relier In Need Totsl 2021 Total 2020 Religio Medical Payments Relief in need 120. Churchwardens of BO￿Ort, FishiofL Skirbeck and Benington 600.33 Buttertly Hospice Trust i 00.00 ULHT Charitsble Funds i 00.00 Parish of B05ton Musical Dir¢¢tor's Fund i 0,000.00 Roadho8 Bus Project Grant 7,000.00 Accounlancy charges 900.00 900.00 Chatt¢rtons ¢harges'. Investment advice 5J47J4 5J47J4 5,924.25 Professional fees 3ffj96.IK) 3th96.1)0 5,520.00 Boslon churches pastoral outreach fund lo,0￿.00 The Restore Church Boston 5,0(Ki.00 Transfer lo capitsl 162,936.51 TOTAL PAYMENrs 10.443J4 10.443J4 208.201.09 ALL FUNDS ARE RESTRICTED THE BOSTON MUNICIPAL NON-EDUCATIONAL CHAIUTILS CHARITY NUMBER: 1171896 RECEIPTS AND PAYMENTS AccouNf (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021 Relief In Need Total 2021 Tolal 2020 Religion Medical Net receipts/(payments) for the year 916.78 32.082.69 213.92 33213.39 (1,221.39) Balance brought forward 1,165.41 11,716.20 180.56 13,062.17 14.283.56 BALANCE CARRIED FORWARD 2,082.19 43,798 394.48 46275.56 13,062.17 ALL FUNDS ARE REsTRI￿ED THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 STATEMENT OF A&SETS AND LIABILITIES AT 28 FEBRUARY 2021 2021 2020 Bathk Balance Natwest PLC Relief in Need 2W2.19 .165.41 Religion 33.798￿9 11,716.20 Medical 394.48 180.56 36275.56 13,062.17 Chattertons Cllettt Aeeoullt Reli8ion io.000.tM) 46275.56 13,062.17 Personal Estate (Page 5) 1,198267.08 1,198,267.08 I244￿42.64 ,211,329.25 Committed future pAyments- Religion Parish of Boston Musieal Director's fund-onc year io.000.00 New Life chU￿h Kirton 25,IMI.IH) 35.IXN)O.00 Trustees Date.. 26 May 2022 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 SCHEDULE OF PERSONAL FSTATE 28 FEBRUARY 2021 Schrod¢r Charity Muhi-Asset Fund 359,487.57 Distribution Unils (market value February 2021 £203.398.07) 176.743.91 COIF Charity Funds 14,647.96 Income Units (market valu¢ February 2021 £264.622.72) 176.743.92 Charifaiih Common Inv¢5tm¢nt Fund 216,380.907 Income units (mark¢t valu¢ F¢bTWry 2021 £335.174.02) 274.135.06 Alpha Common Inveslment Fund 140.581.069 Income Units (market value February 2021 £164,620.44) 150,000.00 Pro￿rtY Income Trust for Charities 245,309.51 units (market value February 2021 £201.668.95) 207,236.51 Rathbone Core Invesimeni Fund for Charities 176.783.43 units (market value February 2021 £217231.48) 186,907.68 Charterlons, clienl accounts 26.500.00 11.988.267.08 Ailo¢atioD of Fundg Relief in need 20.758.84 Religion 1,172.480.53 Medical 5.027.71 1.198.267.08 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 FINANCIAL sfATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 21121 THE BOSTON MUNlCtPAL NON-EDUCATIONAL CHARITILS CHARITY NUMBER: IJ71896 FOR THE YEAR ENDED 28 FEBRUARY 2021 CONTENrs PAGE Independent Examiner'5 R¢port Receipts and Payments Account Statements of Assets and Liabililies Schedule of Personal Estate INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITABLE INCORPORATED ORGANISATION ('Ihe CIO.) CHARITY NUMBER: 1171896 I report lo the chariiy trU￿etS on my ¢xamination of ihc a¢wunts of the CIO for the year ended 28 February 2021. Respon$ibili¢ieg and basis of report As the charity trUs￿eS of the CIO you arc rewnsible for the preparation of accounts in accordance with the requirements of th¢ Charities Act 2011 ('Ihe Acl.). I r¢port in respect of my examination of the CIO'S accounts carried out under section 145 of the Aci. In carryinsout my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. IndepeMdeAI examiner's statement I have compleled my examination. I confinn ihat no material matters have come to my attention in COnn￿li0n wilh ihe examination giving me cause ￿ believe thai in any material respeci.. l. Acwunting records were kept as required by section 130 of the Act. or 2. The accounts do not accord with those records. I have no concems and have come across no other matters in connection with the examinaiion to which attention should be drawn in this r¢rA)rt in ord¢r lo ¢nabl¢ a proper undcr5tanding of th¢ a¢wunts lo b¢ reached. MRS NICOLA MICHELLE LENTON FCCA IndepeDdeDt Examiner Dexter & Sharpe Cbartered Certified A¢co¥Dtants The Old Vicarage Bosto Lin¢olnshire PE216NA Dal¢'. 26 May 2022 os Zo2 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHAIUTY NUMBER: 1171896 RECEIIryS AND PAYMEiwfs ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2021 Relier lu Need Toi#l 2021 Total 2020 Religion Medical Receipts N4iWest Bank PLC- Intere 9J7 9J7 26.01 Charifaiih Common Investment Fund 216.380.90 In￿me Units 10,789.29 10,789.29 8.101.96 Schroder Charity Multi-A5Set Fund 359,487.57 disttibution units 45&60 704&85 106J4 7th09.99 7.681.52 COIP Charity Funds 14,647.96 In￿Me unils 460.18 7,102.12 107J8 7ffj69.68 7,518.81 Property Income Trust for Charities Fund 245.309.51 Units 662JO 8ffj62JO 10,135.96 Alpha Common Investhienl Fund 140.581.069 income units 4.726J3 4,n6.33 5,629.00 Rathbone Core Investment Fund for Charities income 176,783.43 units 4,189.77 4,189.77 4.949.93 Overage payment - net 162,936.51 TOTAL RECEIPTS 916.78 42526.03 213.92 43,656.73 206,979.70 ALL FUNDS ARE RESTIUCTED THE BOSTON MUNICIPAL NON-EDUCATIONAL CHAR]TIES CHARITY NUMBER: 1171896 RECEivfs AND PAYMENTS ACCOU1￿ (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021 Relier In Need Totsl 2021 Total 2020 Religio Medical Payments Relief in need 120. Churchwardens of BO￿Ort, FishiofL Skirbeck and Benington 600.33 Buttertly Hospice Trust i 00.00 ULHT Charitsble Funds i 00.00 Parish of B05ton Musical Dir¢¢tor's Fund i 0,000.00 Roadho8 Bus Project Grant 7,000.00 Accounlancy charges 900.00 900.00 Chatt¢rtons ¢harges'. Investment advice 5J47J4 5J47J4 5,924.25 Professional fees 3ffj96.IK) 3th96.1)0 5,520.00 Boslon churches pastoral outreach fund lo,0￿.00 The Restore Church Boston 5,0(Ki.00 Transfer lo capitsl 162,936.51 TOTAL PAYMENrs 10.443J4 10.443J4 208.201.09 ALL FUNDS ARE RESTRICTED THE BOSTON MUNICIPAL NON-EDUCATIONAL CHAIUTILS CHARITY NUMBER: 1171896 RECEIPTS AND PAYMENTS AccouNf (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021 Relief In Need Total 2021 Tolal 2020 Religion Medical Net receipts/(payments) for the year 916.78 32.082.69 213.92 33213.39 (1,221.39) Balance brought forward 1,165.41 11,716.20 180.56 13,062.17 14.283.56 BALANCE CARRIED FORWARD 2,082.19 43,798 394.48 46275.56 13,062.17 ALL FUNDS ARE REsTRI￿ED THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 STATEMENT OF A&SETS AND LIABILITIES AT 28 FEBRUARY 2021 2021 2020 Bathk Balance Natwest PLC Relief in Need 2W2.19 .165.41 Religion 33.798￿9 11,716.20 Medical 394.48 180.56 36275.56 13,062.17 Chattertons Cllettt Aeeoullt Reli8ion io.000.tM) 46275.56 13,062.17 Personal Estate (Page 5) 1,198267.08 1,198,267.08 I244￿42.64 ,211,329.25 Committed future pAyments- Religion Parish of Boston Musieal Director's fund-onc year io.000.00 New Life chU￿h Kirton 25,IMI.IH) 35.IXN)O.00 Trustees Date.. 26 May 2022 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 SCHEDULE OF PERSONAL FSTATE 28 FEBRUARY 2021 Schrod¢r Charity Muhi-Asset Fund 359,487.57 Distribution Unils (market value February 2021 £203.398.07) 176.743.91 COIF Charity Funds 14,647.96 Income Units (market valu¢ February 2021 £264.622.72) 176.743.92 Charifaiih Common Inv¢5tm¢nt Fund 216,380.907 Income units (mark¢t valu¢ F¢bTWry 2021 £335.174.02) 274.135.06 Alpha Common Inveslment Fund 140.581.069 Income Units (market value February 2021 £164,620.44) 150,000.00 Pro￿rtY Income Trust for Charities 245,309.51 units (market value February 2021 £201.668.95) 207,236.51 Rathbone Core Invesimeni Fund for Charities 176.783.43 units (market value February 2021 £217231.48) 186,907.68 Charterlons, clienl accounts 26.500.00 11.988.267.08 Ailo¢atioD of Fundg Relief in need 20.758.84 Religion 1,172.480.53 Medical 5.027.71 1.198.267.08