Trustees' Annual Report for the period
Period start date Period end date 01 March 2023 29 February 2024 To
From
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 2 3 4 5 6 7 8 9 10 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Patricia Ruth Street | ||||
| Ernest Albert Napier |
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| Andrew Bakewell | ||||
| John Brogden | ||||
| Rev Sally Clifton | Vicar of Boston (acting) |
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| Sarah Sharpe | From May2023 | Boston Borough Council | ||
| Stephen Woodliffe | Boston Borough Council | |||
| Shaun Forster | ||||
| Colin Brotherton | Boston Borough Council | |||
| Jyothi Arayambath | From May2023 | 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
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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 seventh full year of this relatively newly formed Charity, which You may choose to include replaced a number of ancient local charities in a single CIO. 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 (and policies and procedures a Solicitor). adopted for the induction and training of trustees;
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The Trustees meet in person three times a year at roughly four monthly
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• the charity’s organisational intervals. structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
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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
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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.
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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.
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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.
| Objectives and activities | 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: 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. |
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| 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) |
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 seventh year of operation the Charity made a number of grant payments as follows: A grant of £10,000 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 for ongoing running costs. A grant of £2,115 to Holy Trinity Church Boston to its youth group to fund and subsidise trips and activities. A grant of £8,000 to Zion Methodist Church Boston for installation of a live streaming system along with associated ancillary electronic equipment to allow anyone to access our acts of worship and special services, especially baptisms, weddings and funerals, from anywhere in the world. A grant of £10,000 to Kirton Methodist Church towards its programme to transform the church into a facility at the heart of the community including 4 hours by a family worker, electrical and sound system work, adaptations to building and signage to make it dementia friendly and weekly running costs of an accessible advice and support coffee morning. A grant of £3,000 to Wrangle Church for replacement central heating boilers. A grant of £7,186.80 to Gipsey Bridge Methodist Church for repairs and works to the car park following sink holes opening up and causing damage not covered by insurance. Payments totalling £800 to four local relief in need organisations and £200 to two medical charities. Apart from this, income has continued to be accumulated to be used in making grants in future years. |
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Additional details of objectives and activities (Optional information)
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
You may choose to include further statements, where relevant, about:
There are no volunteers involved with the Charity, other than the Trustees themselves.
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
The total income for the year was £52,736.34. The bulk of the income of the Charity (£51,484.79) is reserved for the advancement of religion section of the Charity. After payment of professional fees for the ongoing management of the CIO, totalling approximately £12,220 paid in the year, and the grants of £41,301.80 referred to above, a further £24,850 approximately of accumulated income has been retained and carried forward to be paid out in grants in subsequent years, of which almost £1,200 is for the Relief in Need section, £270 for the medical section and the balance (£23,395) for the Religion section.
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Section E Financial review
Brief statement of the The Charity does not intend to maintain anything more than a nominal charity’s policy on reserves 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 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. In February 2023 the Trustees advised by Chattertons Wealth Management Limited took the decision in principle to move to a discretionary managed fund approach with Evelyn Partners and an Investments Subcommittee was set up to manage this process and see it into effect in the early part of the 2023/24 financial year, carried out and overseen by Chattertons Wealth Management Limited. This process was concluded by the autumn of 2023.
Section F Other optional information
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None
N
Section G Declaration
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 07/11/2024
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THE BOSTON MUNICIPAL F40N-EDiICATIONAL CHARrriEs CHARITY NUMBER: IA71896 FINANCIAL STATEMEKrs FOR THE YEAR ENDED 29 FEBRUARY 1024
ThE MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171196 FOR THE YEAR ENDED29 FEBRUARY 2024 PAGE Receitys a1 StskrnEnts of Assets and Liabililies S¢lthile of PersoMI Es1
INDEPEr4DE EXAMINER'S REPORT TO THE TRusfEES OF THE B(ISTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITABLE INCtIRPORATED ORGAYIISATION (4he Cloy CHARITY NUMBER: 1171896 I report to the ¢knily Irt¢$ on my cxarninatioTh of the xcount5 of the CIO for the year ended 29 Fcbnwy 2024. R¢sP0•5ibitities bJ$ii of ttporl As the ¢hTity Irwstees of the CIO Y art wible forthe w9)ar&i ofthe aLtounlS in accordarKe wilh the requirtnxnts ofthe Chriti¢s Act 2011 ('th¢ Ad.). I re in YesE¢(4 of myexaminatiffi (>f dKCIO's wri¢d ThrtuTrkrsedion 145 of the Act. In tryingout myexaminaiion I hve followedall appliek Direaions 8ivenbythe(Ywriiy commilon under Seciion 14515) (b) of Ihc 2011 Act. IndependeAt exmlntr's I hawe ¢ompleied my exarnination. I confirm no mhterial hve come to my allention in on¢¢10 wilh the aMinatIon gving cause bel•e¥e in any erIal rc5rKd.. l. Ae¢ountlfi8 reeords wert not &5 wuired lry Sed1( 130 ofthe Acl; LY I hJv¢ no corK¢rns ar hav¢ come across Th) Thncrs in c(•wciion with Ihe CxWNinatn lo which ttcntion should be in ihi5 f¢FlXt in cffd¢f ¢0 enth a prrw wMler4aTKltng ofihe ¥¢ourtts to i MRS NICOLA MICHELLE LETroN FCCA llldepettdenl EAmiller Dexter & Sh•vpe Chirtered Certif A¢¢o••tsnts The Okl Vl¢*r4e Boslon Lkn¢olThJthire PE216NA Date.. 8 July 2024
THE BOSTON MUNICIPAL NON.EDiJCATM)NALCHARIIILS CHARITY NUMBER: 1171896 RECEIITS AND PAYMENtS AccouKr FOR THE YEAR ENDED 29 WEBRUARY 2•24 To¢al 2024 T(rtl 2023 Im Nted RltEIo Rtteipts N8tWest BAnk PLC- Inr¥t 311.73 Clwifai¢h C¢mN>n lThvesimt Fund 216.380.90 IrK(bry% Units 7.$73J3 7J73J3 4,868.57 Iwoder Chty Muhi-Ass¢t Furtd 359.487.57 distriblOn wilts 7,931.37 COIF Ch8rily Furbjs 14fft7.96 incoffle wilts 27.73 I940 7.980.20 Property Incon% Tryst fty Charili¢s frund 245,309.51 Units 1.779.91 ,779.91 10.395.25 Alpha Cn Investmert Fund 140581.069 i¢Kome units 4.857.21 Rathb0c(Xt lllveslmertl FU for (Jwitie5 176.783.43 wits 5.303.52 E¥¢lyn Investn%nl Portfolio 9••.•Q 3405gA6 J906 Accrued Incorne on disptss*l of invesiments TOTAL RECEIF15 IJI&82 51.4K79 232.73 52.736J4 41.647.85 ALL FUNDS ARE RESTRICTED
THE BosfoN MUNICIPAL No1EDucATIONAL CHARITIES CHARITY NUMBER: 1171896 XECEirrs AND PAYMENTS ACCOUNT (CONTINUED) FOR THE YEAR Ef4DED 29 FEBRUARY 2•24 Rtllef In Need TotAI 2024 Tal 2023 R¢ligityx M¢di¢•l PymtntJ Holy Trinity Chw¢h Readho8 Bus Project Grw New Life CommuTriiy Chthch A¢eourtiancy clwgts Gip5¢y Bridge Chaitertons ¢har8es:. Investmeni vice Wrangle thrch ChurchwaTdens tsfknil Fishtofl. Skirbe¢k and Beniiwtii Buttertly HospiLY Trust ULHT Chariiable Fun(Ls Zion M¢th)dist Creh Parish of Bostort Mysiul Dirth's Furk Kirton Methodisi C1Ch Chattrtons Fees 2.115.(KI IDO00.(JD 25,01)O.QD 25,000.00 1.800.(KI 99D.00 7,18&80 990 7.186JQ 7,748.) J,•oo. 3W.110 8110.(KI 3,0(KJ.¢X) loo.j Joo. 100. 300.¢)0 00.( 6.785.00 lo.0.[} l•j0.00 11220.IJO 11320.10 TOTAL PAYMENTS PJ)•.00 52511. 21XI.O• SJJII.80 79.933.00 Rd5tf IM f4eed Total 2024 Total 2023 Reliiio Net (paymenisyreceipts for the ZIWI (1027.01) 32.73 (775.46) (38.285.15) Balane¢ br81 for*8Td 97•J? 2V22J6 13SA6 2S627.79 63,912.94 BALANCECARRIED FORWARD 1.189.19 23J95J5 267.79 2V52J3 25.627.79 ALL FUNtkS ARE RESTRICTED
THE BosfoN MUNICIPAL NoEDUcATIONAL CHARITIFS CHARrrY NUMBER: 1171896 ATEMEKf OF ASSETS AND LIABILmF3 AT 29 FEBRUARY 2024 2024 2023 Ak B#lAn¢e NiWest PL£ R¢li¢f in Need 1.189.19 970.37 Reli8i<>n 23J95JS 24.422.36 Medi1 267.79 235.06 24052JJ 25ffi27.79 Personal Ese (Pag¢ S) 1,198.267.08 I J71JS2J3 1.223.894.B7 Comrnltted fuiurc piyrneThts- Rdl810 Accounlaoey charges Lincs yOh Missi Si Boiolphs Music fund ChattertoL% Ftts 12,IJiKI 3635•A• Date: 8 J•ly 2•24
THE BOSTON MUNICIPAL N(hY-EDUCATIONAL CHARITIES CHARrrY r4UMBER: 1171896 SCHEDULE OF PEKSONAL LSTATE 29 FEBRUARY 2024 2024 2Q23 Schroder Charity Mulli-Assel FwKI 359.487.57 Disiritrti(m Units 176.743.91 COIFChariiy FuThts 14.047.96 Incom¢ Units 176.743.92 Charifaiih InveslThMt FL¥KI 216,380.907 Income unils 274.135.06 Al Crxnmon Inveslnxni Fw 140.581.069 Inc(wne Units 150,000. Property Iome Trust f Chafities 245.309.51 units 207.236.51 Raihbone Core Inweslnxnt FuThl for Ch¥riiies 176.783.43 uniis 186.907.68 Evelyn Investnrtts PortfoliD (market valut Febrnary 2024 £1.30].L0j cltertOn5' client I,5(. Naiwest vIng$ 25,000.(KI lJ4W 1.198,267.08 AllOtion of Fjnds Relief in need 23 J27.0• 20.758.84 R¢li8ion 1017A2J I,Ir2.480.53 Medical 5.027.71 1.198,267.08
INDEPENDEprfEXAMINER'S REPORT TOTHETRusfEES O THE BosroN MUNICIPAL NON-EDUCATIONAL CHARITI&S CHARITABLE INCORPORATED ORGA141SATION {'the CIO.) CFIARITY NUMBER: 1171896 l p)rt to the ¢harily trwt¢es ort my cxamination of tht of ihe CIO for tht year eth 29 Fcbruary 2024. RespoAsibililitt ind basis of rtrt As the dwity tnL5t¢e5 of Ihe CIO y¢Ju the rnrai(m ofihe arwunts in ffccordae with the requirtmthts of (he Ckniliw kn 2011 ('the Ad. I repxi in respect of my exarnimtion of clO.5 Trd oututhsection 145 of the Act. In eattyittg out my eXAmin10n I ha followrdall appliuble LlirectiOg1¥enby the Ch4TilyCowrfnis5ion under S¢ciion 145(5) (b) of the 2011 Ad. IndepÈndut ey•mlneY'i s(atebne•t I hve romplcled my exnInatIon. l ¢Mfinm Ina111 m•tters hve Come lo my attenlion in comection with the ¢xaminalion giviry me c•us¢ to believe IA any ffAterial re5wI: l. Accounti records w¢r¢ not a5 ffquiwcd by section IJO of the A. (x 2. Th¢ ¢ounts do Mt 4¢c(xd with those I have noeoneerrts a1 have rne across rK>otkn mfitters in ¢(mneI( wilh ihe examinat1( lo which attention should be drawn in ihis reFrtxt in (xd¢r th ¢Tthl¢ * wbJ¢Nandin8 octhe accourtts to be FEaEhed. MRS NICOLA MICHELLE LENTON FCCA Independent EurniD Dextev & Sharpe C&rtertd Certified AtcoMntA•ts The Old Vi¢*188e Bosto iAntolnshire PE216NA DJle: 8 Jvly 2•24