## **Trustees' Annual Report for the period** Period start date Period end date 01 March 2021 28 February 2022 **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 fifth 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; Because of the Covid 19 Pandemic the trustees were not able to meet during the year as most of the Trustees are elderly and vulnerable. - 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 fifth year of operation the Charity was only able to make one grant payment due to the Trustees being unable to meet during the ongoing Covid 19 pandemic. This was a grant of £13,000 to the RoadHoG Bus Youth Project which operates a mobile youth centre/church in a former bus in the town of Boston and surrounding villages. **Summary of the main activities undertaken for the** Apart from this, income has continued to be accumulated to be used in **public benefit in relation to** making grants in future years. **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 £44,499.08. The bulk of the income of the Charity (£43347.77) is reserved for the advancement of religion section of the Charity. After payment of professional fees for the ongoing management of the CIO and investment advice, totalling approximately £13,860 paid in the year, and the grant of £13,000 referred to above, a further £17,600 approximately of income has been retained and carried forward to be paid out in grants in subsequent years. The balance carried forward of accumulated income is therefore approximately £64,000.00, of which just over £3,000 is for the Relief in Need section, just over £600 for the medical section and the balance for the Religion section. **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 2022 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARfTIES CHARITY NUMBER: 1171896 FOR THE YEAR ENDED 28 FEBRUARY 2022 CONTENrs PAGE Independent Examiner's Report Receipts and Payments Account Statements of Assets and Liabilities Sch¢dul¢ of P¢rsonal E5tat¢ INDEPENDENT EXAMINER'S REPORT TO THE TRu￿E£s OF THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITABLE INCORFORATED ORGANISATION ('the CIO,) CHARITY NUMBER: 1171896 I report to the charity trust¢¢s on my examination of the accounts of th¢ CIO for the year ended 28 February 2022. Responsibllltles and b*sis of report As th¢ charity trustees of the CIO you are responsible for th¢ weparalion of the accounts in accordanc¢ with the requiremenis of the Charities Aci 2011 ('Ihe Act,). I re[￿ in respect of my examination of the Clo's accounis ca￿led out under section 145 of the Acl. In carrying out my examination I have followed all applicable D1￿¢110￿$81Ven by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's stg¢eme•t I have cornpleted my ¢xamination. l ¢onfirni thal no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. l. Accounling records were kept as required by section 130 of the Act. or 2. The accounts do not accord with those records. I have no ¢on¢¢rns and have come across no other matt¢r5 in ￿n￿lIon with the examination to which attention should be drawn in this re￿rt in order lo enable a proper understanding of the accounts io be reached. MRS NICOLA MICHELLE LE￿ON FCCA Independent Examiner Dexter & Sharpe Chgrtered Certified Aec4Juntants The Old Vicarage Boston LiD¢oiD8hire PE216NA Date.. 26 May 2022 GLU I. L-ILL I ru I, la02£ THE Bo￿0￿ MUNICIPAL NON-EDUCATIONAL CHARITILS CHARfTY NUMBER: 1171896 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2022 Relier In Need Total 2022 Total 2021 Religion Medie*l Receipts NatW¢5t Bank PLC - Inl¢r¢st 5J7 5J7 9.37 Charifaith Common Inv¢slm¢nt Fund 216.380.90 In¢om¢ Units 9,41237 9,412.57 10,789.29 Schroder Charity Multi-Assel Fund 359.487.57 distribution units 464.08 7.162J6 108.29 7,734.73 7,609.99 COIF Charity Funds 14,647.96 income units 469.41 7344J4 109.53 7123.48 7.669.68 Property Income Trust for Charities Fund 245,309.51 Units loo42.￿} 10.042.90 8.662.30 Alpha Common Investment Fund 140,581.069 income units 4,7S9.92 4,759.92 4,726.33 Rothbone Core Investment Fund for Charilies incom¢ 176.783.43 unils 4.720.11 4.720.11 4,189.77 TOTAL RECEIvrs 933.49 43J47.77 217.82 44.499.08 43.656.73 ALL FUNDS ARE RESTiucfED THE Bo￿ON MUNICIPAL NON-EDUCATIONAL CHAIUTIES CHARITY NUMBER: 117J896 RECEiwfs AND PAYMENfs ACCOUNT {coNfiNUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 Relitf In Need To¢AI 2022 Total 2021 Religion Medical Paymen¢s Roadhog Bu5 Project Grant I3,1￿1.00 13.000.iM) Accountancy charges 900.00 Chattertons char8es'. Investmeni advice 13161.70 13061.70 5,847.34 Professional fees 3.696.00 TOTAL PAYMEI¥TS 2A861.70 2WI.70 10.443.34 Rdief IA Need Totsl 2022 Total 2021 Religion Medital Net receipts for the year 933.49 16.48&07 217.82 17,637J8 33213.39 Balance brought forward 2.082.19 43,798.89 394.48 46275.56 13.062.17 BALANCE CARIUED FORWARD 3,015.68 60284.96 612.30 63.912.94 46,275.56 ALL FUNDS ARE RESTRICTED THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHAIUTY NUMBER: 1171896 STATEMENT OF Assyfs AND LIABILITIES AT 28 FEBRUARY 2022 2022 2021 BAnk BAIAnce Natwest PLC Relief in Need 3￿15.68 2.082.19 Religion 60384.96 33,798.89 Medical 612JO 394.48 63,912.94 36.275.56 Chattertons Client Ae¢ount Religion 10.000.00 63,912.94 46,275.56 Personal Estste (Page S) 1,198267.08 1.198.267.08 1262,180.02 1.244.542.64 Committed futxre payments- Religion Accountancy charges ij1￿.00 Parish of Boston Musical Dir¢¢lor's fund - one y¢ar iowoo.00 New Life Church Kirton 2SOiKI. 36000.00 Trustees Dale.. 26 May 2022 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARfTIES CHAIUTY NUMBER: 1171896 SCHEDULE OF PERSONAL ￿ATE 28 FEBRUARY 2022 Schrod¢r Charity Multi-Asset Fund 359,487.57 Distribulion Units (market value February 2022 £201,420.89) 176.743.91 COIF Charity Funds 14.647.96 Income Units (market value February 2022 £278.612.99) 176,743.92 Charifaith Common Investment Fund 216,380.907 ITKome (market value February 2022 £345.470.29) 274.135.06 Alpha Common Investment Fund 140,581.069 Income Units (mad(et value F¢brnary 2022 £153,233.37) 150.000.00 Property In¢om¢ Trust for Charitle5 245.309.51 units (markd value February 2022 £238,416.31) 207.236.51 RaihEthe Core Investhient Fund for Charities 176.783.43 uniis (market value Febnmry 2022 £226,972.25) 186,907.68 Chatt¢rton5' client accounts 26,500.00 ,198,267.08 Allocation of Fmnds 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 2022 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARfTIES CHARITY NUMBER: 1171896 FOR THE YEAR ENDED 28 FEBRUARY 2022 CONTENrs PAGE Independent Examiner's Report Receipts and Payments Account Statements of Assets and Liabilities Sch¢dul¢ of P¢rsonal E5tat¢ INDEPENDENT EXAMINER'S REPORT TO THE TRu￿E£s OF THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITABLE INCORFORATED ORGANISATION ('the CIO,) CHARITY NUMBER: 1171896 I report to the charity trust¢¢s on my examination of the accounts of th¢ CIO for the year ended 28 February 2022. Responsibllltles and b*sis of report As th¢ charity trustees of the CIO you are responsible for th¢ weparalion of the accounts in accordanc¢ with the requiremenis of the Charities Aci 2011 ('Ihe Act,). I re[￿ in respect of my examination of the Clo's accounis ca￿led out under section 145 of the Acl. In carrying out my examination I have followed all applicable D1￿¢110￿$81Ven by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's stg¢eme•t I have cornpleted my ¢xamination. l ¢onfirni thal no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. l. Accounling records were kept as required by section 130 of the Act. or 2. The accounts do not accord with those records. I have no ¢on¢¢rns and have come across no other matt¢r5 in ￿n￿lIon with the examination to which attention should be drawn in this re￿rt in order lo enable a proper understanding of the accounts io be reached. MRS NICOLA MICHELLE LE￿ON FCCA Independent Examiner Dexter & Sharpe Chgrtered Certified Aec4Juntants The Old Vicarage Boston LiD¢oiD8hire PE216NA Date.. 26 May 2022 GLU I. L-ILL I ru I, la02£ THE Bo￿0￿ MUNICIPAL NON-EDUCATIONAL CHARITILS CHARfTY NUMBER: 1171896 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2022 Relier In Need Total 2022 Total 2021 Religion Medie*l Receipts NatW¢5t Bank PLC - Inl¢r¢st 5J7 5J7 9.37 Charifaith Common Inv¢slm¢nt Fund 216.380.90 In¢om¢ Units 9,41237 9,412.57 10,789.29 Schroder Charity Multi-Assel Fund 359.487.57 distribution units 464.08 7.162J6 108.29 7,734.73 7,609.99 COIF Charity Funds 14,647.96 income units 469.41 7344J4 109.53 7123.48 7.669.68 Property Income Trust for Charities Fund 245,309.51 Units loo42.￿} 10.042.90 8.662.30 Alpha Common Investment Fund 140,581.069 income units 4,7S9.92 4,759.92 4,726.33 Rothbone Core Investment Fund for Charilies incom¢ 176.783.43 unils 4.720.11 4.720.11 4,189.77 TOTAL RECEIvrs 933.49 43J47.77 217.82 44.499.08 43.656.73 ALL FUNDS ARE RESTiucfED THE Bo￿ON MUNICIPAL NON-EDUCATIONAL CHAIUTIES CHARITY NUMBER: 117J896 RECEiwfs AND PAYMENfs ACCOUNT {coNfiNUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 Relitf In Need To¢AI 2022 Total 2021 Religion Medical Paymen¢s Roadhog Bu5 Project Grant I3,1￿1.00 13.000.iM) Accountancy charges 900.00 Chattertons char8es'. Investmeni advice 13161.70 13061.70 5,847.34 Professional fees 3.696.00 TOTAL PAYMEI¥TS 2A861.70 2WI.70 10.443.34 Rdief IA Need Totsl 2022 Total 2021 Religion Medital Net receipts for the year 933.49 16.48&07 217.82 17,637J8 33213.39 Balance brought forward 2.082.19 43,798.89 394.48 46275.56 13.062.17 BALANCE CARIUED FORWARD 3,015.68 60284.96 612.30 63.912.94 46,275.56 ALL FUNDS ARE RESTRICTED THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHAIUTY NUMBER: 1171896 STATEMENT OF Assyfs AND LIABILITIES AT 28 FEBRUARY 2022 2022 2021 BAnk BAIAnce Natwest PLC Relief in Need 3￿15.68 2.082.19 Religion 60384.96 33,798.89 Medical 612JO 394.48 63,912.94 36.275.56 Chattertons Client Ae¢ount Religion 10.000.00 63,912.94 46,275.56 Personal Estste (Page S) 1,198267.08 1.198.267.08 1262,180.02 1.244.542.64 Committed futxre payments- Religion Accountancy charges ij1￿.00 Parish of Boston Musical Dir¢¢lor's fund - one y¢ar iowoo.00 New Life Church Kirton 2SOiKI. 36000.00 Trustees Dale.. 26 May 2022 THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARfTIES CHAIUTY NUMBER: 1171896 SCHEDULE OF PERSONAL ￿ATE 28 FEBRUARY 2022 Schrod¢r Charity Multi-Asset Fund 359,487.57 Distribulion Units (market value February 2022 £201,420.89) 176.743.91 COIF Charity Funds 14.647.96 Income Units (market value February 2022 £278.612.99) 176,743.92 Charifaith Common Investment Fund 216,380.907 ITKome (market value February 2022 £345.470.29) 274.135.06 Alpha Common Investment Fund 140,581.069 Income Units (mad(et value F¢brnary 2022 £153,233.37) 150.000.00 Property In¢om¢ Trust for Charitle5 245.309.51 units (markd value February 2022 £238,416.31) 207.236.51 RaihEthe Core Investhient Fund for Charities 176.783.43 uniis (market value Febnmry 2022 £226,972.25) 186,907.68 Chatt¢rton5' client accounts 26,500.00 ,198,267.08 Allocation of Fmnds Relief in need 20.758.84 Religion 1,172,480.53 Medical 5,027.71 1.198.267.08