## **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
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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|||| ||Andrew Bakewell|||| ||John Brogden|||| ||Rev Sally Clifton|Vicar of Boston
(acting)||| ||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** **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 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; - The Trustees meet in person three times a year at roughly four monthly - • the charity’s organisational intervals. 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. ||**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.|| |**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.|| **TAR** March **2012** 3 ## **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._ - 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 £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. **TAR** March **2012** 5 ## **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** **TAR** March **2012** 6 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 **TAR** March **2012** 7 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 a￿1 StskrnEnts of Assets and Liabililies S¢l*thile 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 applie￿k Direaions 8ivenbythe(Ywriiy commi￿lon under Seciion 14515) (b) of Ihc 2011 Act. IndependeAt ex*mlntr's I hawe ¢ompleied my exarnination. I confirm no mhterial hve come to my allention in on￿¢¢10￿ wilh the ￿aMinatIon g*ving 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(•w*ciion with Ihe CxWNinat￿n lo which ttcntion should be in ihi5 f¢FlXt in cffd¢f ¢0 enth a prrw wMler4aTKltng ofihe ¥¢ourtts to i MRS NICOLA MICHELLE LETr￿oN FCCA llldepettdenl EA*miller 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(rt*l 2023 Im Nted R*ltEIo Rtteipts N8tWest BAnk PLC- In*r¥t 311.73 Clwifai¢h C¢mN>n lThvesim￿t Fund 216.380.90 IrK(bry% Units 7.$73J3 7J73J3 4,868.57 Iwoder Chty Muhi-Ass¢t Furtd 359.487.57 distrib￿lOn wilts 7,931.37 COIF Ch8rily Furbjs 14fft7.96 incoffle wilts 27.73 I9￿40 7.980.20 Property Incon% Tryst fty Charili¢s frund 245,309.51 Units 1.779.91 ,779.91 10.395.25 Alpha C￿n￿￿ Investmert Fund 140581.069 i¢Kome units 4.857.21 Rathb0￿c(Xt lllveslmertl FU￿ for (Jwitie5 176.783.43 wits 5.303.52 E¥¢lyn Investn%nl Portfolio 9••.•Q 3405gA6 J*9￿06 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 No1￿EDucATIONAL CHARITIES CHARITY NUMBER: 1171896 XECEirrs AND PAYMENTS ACCOUNT (CONTINUED) FOR THE YEAR Ef4DED 29 FEBRUARY 2•24 Rtllef In Need TotAI 2024 T￿al 2023 R¢ligityx M¢di¢•l P*ymtntJ 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 Beniiwti*i Buttertly HospiLY Trust ULHT Chariiable Fun(Ls Zion M¢th)dist C￿reh Parish of Bostort Mysiul Dirth's Furk Kirton Methodisi C1￿Ch 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•j￿0.00 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¢ br￿￿8￿1 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 No￿EDUcATIONAL CHARITIFS CHARrrY NUMBER: 1171896 ATEMEKf OF ASSETS AND LIABILmF3 AT 29 FEBRUARY 2024 2024 2023 Ak B#lAn¢e N*iWest PL£ R¢li¢f in Need 1.189.19 970.37 Reli8i<>n 23J95JS 24.422.36 Medi￿1 267.79 235.06 24052JJ 25ffi27.79 Personal Es￿e (Pag¢ S) 1,198.267.08 I J71JS2J3 1.223.894.B7 Comrnltted fuiurc piyrneThts- Rdl810* Accounlaoey charges Lincs yO￿h 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 Disiritrt*i(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 I￿ome 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 Investn*rtts PortfoliD (market valut Febrnary 2024 £1.30].L￿0j cl￿tertOn5' client I,5(￿. Naiwest ￿vIng$ 25,000.(KI lJ4W 1.198,267.08 AllO￿tion 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 rt￿rt As the dwity tnL5t¢e5 of Ihe CIO y¢Ju the rnrai(m ofihe arwunts in ffccorda￿e with the requirtmthts of (he Ckniliw kn 2011 ('the Ad. I repxi in respect of my exarnimtion of ￿￿clO.5 ￿Tr￿d oututhsection 145 of the Act. In eattyittg out my eXAmin￿10n I ha￿ followrdall appliuble LlirectiO￿g1¥enby the Ch4TilyCowrfnis5ion under S¢ciion 145(5) (b) of the 2011 Ad. IndepÈndut ey•mlneY'i s(atebne•t I hve romplcled my ex￿nInatIon. l ¢Mfinm Ina￿111 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 a￿1 have ￿rne across rK>otkn mfitters in ¢(mne￿I(￿ 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