2025-02-28-accounts

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Trustees' Annual Report for the period

Period start date Period end date 01 March 2024 28 February 2025

From

Section A Reference and administration details

Charity name Boston Municipal Non-Educational Charities (a CIO)

	Other names charity is known by	Other names charity is known by	Other names charity is known by	Boston Municipal Charities	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
	Trustee name	Office (if any)		Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
1 Patricia Ruth Street	1 Patricia Ruth Street	1 Patricia Ruth Street
2	Ernest Albert Napier
3 Andrew Bakewell	3 Andrew Bakewell
4 John Bro	4 John Brogden
5	Father David Stephenson	Rector of Boston	Rector of Boston	From April 2024
6 Sarah Shar	6 Sarah Sharpe				Boston Borough Council
7 Ste	7 Stephen Woodliffe
8 Shaun Forster	8 Shaun Forster
9 Colin Brotherton	9 Colin Brotherton				Boston Borough Council
10 J	10 Jyothi Arayambath			(Resigned May2025)	Boston Borough Council
11 Rev Sall	11 Rev SallyClifton
12	Dr Shafqat Bashir			From May 2024 (now resigned)	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 ee 1 March 2012

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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 eighth 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.

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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

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.
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.
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 eighth year of operation the Charity made or agreed to make several grant payments as follows:

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 for ongoing running costs, paid quarterly in advance.

Summary of the main activities undertaken for the A grant of £25,000 over three years from September 2025 to Kirton public benefit in relation to Methodist Church towards the cost of its employment of a family worker these objects (include within to be paid as to £3000 initially and then eleven further quarterly payments this section the statutory of £2000. declaration that trustees have had regard to the guidance A grant of £15,000 to Centenary Methodist Church, Boston towards the issued by the Charity cost of replacement central heating boilers. Commission on public benefit) A grant of £12,000 a year to the Music Director of St Botolph's Church,

A grant of £12,000 a year to the Music Director of St Botolph's Church, Boston towards the various musical and other activities in the church and much wider community, including four choirs. The grant is to be reviewed annually and paid quarterly in advance.

Payments totalling £1,000 to four local relief in need organisations and £250 to two medical charities.

Most income has been spent in the current year or is ear marked for this future spending, any unspent or unallocated 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 There are no volunteers involved with the Charity, other than the You may choose to include Trustees themselves. further statements, where relevant, about: • policy on grantmaking;

policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

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Section D Achievements and erformance p

Summary of the main achievements of the charity during the year

The total income for the year was £50,789.81. The bulk of the income of the Charity (£49,221.89) 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 £11,250 paid in the year, and the grants of £41,250 referred to above, a further £23,140 approximately of accumulated income has been retained and carried forward to be paid out in grants in subsequent years, of which almost £1,450 is for the Relief in Need section, £320 for the medical section and the balance (£21,365) for the Religion section.

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Section E Financial review

Brief statement of the charity’s policy on reserves

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. Since 2023 the Trustees advised by Chattertons Wealth Management Limited have entered into a discretionary managed fund approach with Evelyn Partners and an Investments Subcommittee was set up to manage and review this on a regular basis.

Section F Other optional information

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None

Section G Declaration a

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 ~~ee~~ Position (eg Secretary, Chair, Clerk etc) ~~ee~~ Date 15.12.2025

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March 2012

THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 FINAIYCIAL STATEMENTS FOR ThE YEAR ENDED 28 FEBRUARY 2025

THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 FOR THE YEAR ENDED 28 FEBRUARY 2025 CONTENTS PAGE Independent Examiner's Report Receipts and Payments Account Statements of Assets and Liabilities Schedule of Personal Estate

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITABLE INCORPORATED ORGANISATION ('tbe CIO,) CHARITY NUMBER: 1171896 I report to the charity truslees on my examination of the accounts of the CIO for the year ended 28 Febrnary 2025. ResponJlbllltle$ and basls of report As the charity trustees of the CIO you gre responsible for the preparation of the accounts in accoTdance with the requirements of the Charities Act 2011 ('the Act.). I report in r¢spect of my examination of the CIO'S accounts carried out under section 145 of the Act. tn carrying out my examination I bave followed all appli¢abl¢ Directions given by the Charity Commission under Section 145(5) 0)) of the 2011 Act. Independent examlner s *tement I have completed my examination. l ¢onfirni that no material matters have come to my attention in conneclion with the examination giving me cause to believe that in any material respect: l. Accounting records were not kept required by seolion 130 of the Act; or 2. Th¢ xcounts do not x¢ord with those records. I have no concerns and have ¢om¢ across no other matters in connection with the examination to whicb attention should bc drawn in this report in order to cnablc a proper understanding of tbe accounts to be reached. MRS NICOLA MICHELLE LENTON FCCA Ddependent Eiamlner Dexter & ShArpe Chartered Certlfied Accountants The Old Vlcarage Bogton Lincolnshlre PE216NA Dale: 7 July 2025 Page I

THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 RECEIFryS AND PAYMEwfs ACCOUNT FOR THE YEAR E]ED 28 FEBRUARY 2025 Rell¢f In Need Total 2025 Totsl 2024 Rellglon Medlcal Recelpts Natwest Bank PLC - Int¢r¢st 211.90 211.90 848.80 Charifaith Common Investment Fund 216,380.90 Income Units 7,573.33 COIF Charity Funds 14,647.96 income units 1,980.40 Property Income Trust for Charities Fund 245,309.51 Units 1,779.91 Ev¢lyn Investment Portfolio 1364.45 49,009.99 303A7 50J77.91 35,964.06 Accrued Income on disposal of invcstments 4,589.84 TOTAL RECEIPTS 1,264A5 49321.89 303.47 50,789.81 52,736.34 ALL FUNDS ARE RESTRICTED Page 2

THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHAIUTY NUMBER: 1171896 RECEIPTS AND PAYMENTS ACCOIINT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Rellef In Need Total 2025 Totsl 2024 Relfiglon Medical Payments Holy Trinity Church Roadbo8 Bus Project Grant Accountancy charges Gipsey Bridge Church wThgIe Church Churcbwardens of Boston Fishtoft, Skirbeck and Benington Buttertly Hospice Trust ULHT Charitable Funds Zion Methoth'st Church Parish of Boston Musical Dir¢ctor's Fund Kirton M¢thodist Church Chattertons Fe Bank Charges Centenary Methodi81 Church 2,115.00 13,000.00 10,000.00 1,050.00 990.00 7,186.80 3.lYX).00 13,000.00 1,050.00 1,000.00 i.000.00 125.00 125.00 800.00 100.00 100.00 8,000.00 125.00 125.00 12,1100.00 12,000.1)O 10,000.00 10,200.00 I J.220.00 2.10 15,000.00 10,200.00 2.10 Is,000.00 TOTAL PAyNTs 1,000.00 51,252.10 250.110 S2J02.10 53.51 1.80 Rellef In Need Tota] 2025 Total 2024 Rellglon Medlcal Net (paymentsyreceipts for the ycar 264.45 (2,030.21) 53A7 (1,712.29) (775 46) BalaDce brought foThvard 1,189.19 23J9535 267.79 24,85233 25,627.79 BALANCE CARRIED FORWARD 1,453.64 21 J65.14 321.26 23,140.IM 24,852.33 ALL FUNDS ARE RESTRICTED Page 3

THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 STATEMENT OF ASSETS AND LIABILITIES AT 28 FEBRUARY 2025 2025 2024 Bank Balanee Natwest PLC Relief in Need 1,453.64 1,189.19 Religion 21 J65.14 23,395.35 Medical 321.26 267.79 23,140.04 24,852.33 Personal Estate (Pag¢ S) lJ46,500.00 1,346,5(K).00 1?69,640.04 1,371,352.33 Commltted future payments - Rell8lon Accountancy charges Lincs Youth Mission St Botolphs Music Fund Chatt¢rtons Fe¢s Kirton Methodisi Church Zion Methodist Church ,Bo8torA 1,158.00 15,000.00 12,1100.00 6,IMH).00 25,000.00 5,000.00 64,158.00 Trustees Date: 7 July 2025 Page 4

THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 SCHEDULE OF PERSONAL ESTATE 28 FEBRUARY 2025 2025 2024 Evelyn Investments Portfolio Cost at l Marcb 2024 Additions la46,.00 1,346,500.00 Cost at 28 February 2025 lJ4&500.00 1,346.500.00 Market value of Investment Allo¢AdoD of Fund8 Relief in need 23J27.00 23,327.00 Religion lJ17,523.00 1,317,523. Medical 5,650.00 5,650.00 lJ46,500.IJO 1,346,500.00 Page 5

THE BOSTON MUNICIPAL NON-EDUCATIONAL CHARITIES CHARITY NUMBER: 1171896 FINAIYCIAL STATEMENTS FOR ThE YEAR ENDED 28 FEBRUARY 2025

Trustees' Annual Report for the period

Section A Reference and administration details

Name Dates acted if not for whole year ~~ee~~ 1 March 2012

Names and addresses of advisers (Optional information)

Section B Structure, governance and management

Additional governance issues (Optional information)

Section C Objectives and activities

Additional details of objectives and activities (Optional information)

Section D Achievements and performance

Section E Financial review

Brief statement of the charity’s policy on reserves

Further financial review details (Optional information)

Section F Other optional information

Section G Declaration ~~a~~

Name Dates acted if not for whole year ee 1 March 2012

Section G Declaration a