Charlly Registratlon No. 219907 A H BOULTON TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Monelta LLP Chartered Accountsnts 110-114 Duke Street Llverpool LI SAG
A H BOULTON TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustee8 Mr F P Gopslll Mrs J R GopsS11 Mr M l F Gopsill Mr J D G318ly Mr S W GTe8nall Charlty numbér 2199J7 Independent èxamln8r Monella LLP 110-114 Duke Street L4verpool L15AG Inv8stment 2dvlsor8 Campbell Insurance SeNfces Limited 110-114 Duke Street Liverpool L1 SAG
A H BOULTON TRUST CONTENTS Page Slalem8nl ofTruslees responsibilities Tru8lo8s r8POrt Indopandenl examlnels report Stal8mènl ol financl81 acllvilles Balance sheet Note5 lo the accounts 7-15
A H BOULTON TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 5APRIL 2024 The Iruslees are responsib18 ft>r pr8P8ring th8 T¥uslees Report and the financial stalemenls in accordance with applicable law and Uniled Kingdom Accounting Standèrds (United Kingdom Generally Accepted Accounting PrBotic&l. The law applloablg lo charllles In England ond Wales Tequiies the trugtees lo prepare financial statements for each financial year which givfj a Iru8 and 18ir view ol the slate of affairs of the A H Boullon Trust and of Ihe incomlhg resources and application of resources of th9 A H Boulton Trust lor that year. In prgparing these financlal 51atements. Ihe trustees are required to.. select suitable accounting policies and then spply them consislenlly, - obseN6 thè methods and principles in Ihe Charities SORP; make judgemenls and aslimales that ar8 reasonable and Pfudenl., stale whether applicable accounting standards have been followed, subjecl lo any maleiial departures d15closed and explained in the financial s18lemenls'. and prepare Ihe financial slalemenls on the golng concern b8sI8 un1è5S It is inappropri8t6 to presume Ihal the char41y will conlifiLte in opeiation. The Iruslees are Tesponsible for k88ping suificienl accounting records that disclose with reasonable accuracy 8t any time the financial position ol th8 A H Boulton Tiusl and enable them to ensure that the financial slalements comply wilh the Charities Act 2011, the Charity (Accounts Reports) R6gul8lltsns 2008 and the provisions of the trust de8d. Th8y arè 81s0 rèsponsible for safeguarding Ihe assets of the A H 8ouEton Trust and her¥ce for laklng reasonab18 s18ps for the pr8vention and deleclion of fraud and other irregularities.
A H BOULTON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2024 The truslees present Iheir report and financi81 slatemErEls for the year ended 5 April 2024. The financial slal8menls have been prepared in accordance with Ihe accounllhg polleiès sèt oul in nole 1 to Ih financlal slalements and comply wllh Ihe A H Boullorn Trust's Irusl deed, Ihe Charities A¢1 2011 and"Accounling and Reporting by Charities.. Slalemenl of Recommended Praclice applicable lo charities preparing Ih8ir finanElal staternen15 In accordance with the Financlal Rèportln9 Sland8rd applicable in the UK and Republic ol Irelarnd IFRS 1021 leffe¢llve l January 20191.. Oblectlve5 and acllvltles Th8 A H Boulton Trust was e81ablished for the purpose of aldlno the erection and maintenance tsf buildlngs lo be used lor preaching the Gospel and Tor relievlrhg the slck or needy. Financial assistance may be offered lo any individv815 who are consldered by Ihe Iruslees lo be deserving ol a5SlStance. Public bengfil The trustees have paid due regard lo guldanc6 issued by the Charily Commission In dedding what activitles lh8 A H Boulton Tmst should ndertake. Achlevements and performan¢o Significanl aollv1118S 8nd &ehlèv&menls against obJecliv&s Flnancial rèvlèw During the year ended S April 2024 incoming r&sour¢es amounted to £121.770- compared with £105,565 In 2023. Dif8Ct charilablè axp8ndilure amounted to £65,904 1£43.366 in 20231 as the Iruslees continued lo suppDrt organisalions that provldè séNices which accord wilh the objects of the ch8rity. D8lallg ol grants are set oul in nole 6 to Ihe financi31 stalernents. The Irus168s have conlinued their policy of awar(ling granls to pmlèels or organls81ions of which they have particular knowledge QT are of local Interest. Further expènd51ure has been Incurred in renovating properties owned by the charlty. These are used to provide low-cosl housing for elderly peisons, InclLJding members of Bethpsda Church. The trust6ès 8rÈ sslisfied thal Ihey have adequate resources lo continue Ihe 8clivlll6s of the charity for the foreseeable future. Reserves policy 11 is the policy of IhÈ A H Boullon TNst that unreslrTCted funds should be malnlalned at a level equivalent lo approximately twelve months, expendilure. The tfuslees consider Ihal reserves al this lev81 will ènsure that, in the evenl ol a significant dTOP In funding, Ihgy will bE able to continue th6 A H Boulton Trust's current 8etivltlbs while consideration is given lo ways in which addition81 funds may be ralsed. Thls level ol reseries has been rnein18ined throughout Ihe year. Invgslmenl policy The charitys invpstment pnllcyls one ol capilal growth with moderate risk. The Iruslc8s aimed lo achleve Ihls object IhTOUgh Investments. Their inveslmenl portfolio is managed by Campbell Insurance SeNices Limited, Irading as RSJ Financial ServSc@s, on a discrelionary basis. The overall value ol the fund al 5 Aprfl 2024 was £3,461,862-, compared wilh £3,189,780 al 5 April 2023 alter revaluations and £20,000 withdrawn. Financial Risk Management The Iruslees hove assessed Ihe financial risks facing the charity. SIgnrat llsks which have been identified are.. loss of income and reserves thiGugh lalls in the value of th8 Trust's inveslment8', loss of income through error or IraLJd. The trustees are satisfied that they have taken all raasonable sleps to manage any likely effect on th@ char51y and are sallsfied th8t systems 8re in place to mitigate exposuro lo tho major rlsks. Structurep governance and managemÈnt The A H Boullon Trust 18 8 ch8rit8blg trust. established by deed on 9 July 1955.
A H BOULTON TRUST TRUSTEES REPORT (CONTINUED> FOR THE YEAR ENDED 5 APRIL 2024 Tho Iruslee5 who served durln9 lh8 year and up to the dale of signature of th8 financial statemen18 were: hAr F P Gopsill Mrs J R Gopsill Mr M l F Gopslll Mr J D Galely Mr S W Greenall Recruilmfjnl and appoinln78nl oflrustèos The iecrultment and appL)inlmenl of new Irustees is al lh8 dlscrèlion of th8 existing Iwstees. Organisalional slruclure The trusl88s are appointed by deed ad hold meetings from lime lo liffle, as Ihey think fit, to consliJ8r appllcallons and to make rul8s and regulalions for ihe ¢onducl ol their mee(ings and carying out their duties. During the year. the Trust effected an indèmnity insurance policy lor Ihe Irusle88. Th8 Truslees report was approved by Ihe Poafd ol Trustèes. Trustee Date: 17 -1 ! - a.o..&..Lk
A H BOULTON TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF A H BOULTON TRUST I report on Ihe financlal sl8temenls of Ihe A H Boulton Trust for the year ended 5 April 2024, which are sel ovl on pages 5 lo 15. Respectlvè responslbllltlas of trustees and examiner The A H Boullon Trust's Iruslees are Tesponsible for the preparalion of the financTral stalemenls. The charit$ Irusle¢8 conslder Ihat an audll Is not required for Ihis year under section 144(2) of th8 Charities Aet 2011 Ilhe 2011 Acll and that an indgpendenl Bx8minalion is needed. 11 is my r6sponslbS11ty to.. examine the financial slalements under 8eclion 145 of the 2011 Acl.. (ill to follow the procedures laid down in th8 gen8ral DSrèctlons givèn by Ihè Charity Commission under secilon 14515llbl of the 2011 Act: and {iiil to slate whether particulaT matters havo come lo my altention. Basls of Sndependent examlner'$ reptsrt My examination was carrTed out In accordance wilh the general Direclions given by the Charity Commisslon. An examlnation includes a review of the accounllng records kepl by the ch8rily and a comparison of the fin8ncial Statements presented wilh those records. 1181so includ8s consideration of any unusual ilems or disclosures in tho Iinancial sta16m6nls. and seeking explanations from you as Irusle8S COT)cerning 8ny SttGh tnalters. Tha procedures und8rt8k8n do not provide all Ihe evidence that would b8 required in an audit and consequently no opinion is given as to whether the financial slalemenls preser*t a 'lrue and fair view and the report is limlted lo those mallers sel out in the next slalement. Independent examlner's stalaM8nt In connection with my examination, no matler has rxjme to my allenlion: {8} which gives me reasonable cause lo believe that In any material respect the reqLJlremenls'. lo keep accounting records in 8ccord8nc8 wlh soclion 130 01 the 2011 Acl.. and Ill) lo prepare financial slalemenls vthlch zccoid vAlh Ihe accounli4)g records and comply the accounting requirements of Ihe 2011 Acl,. have not been met or Ibl lo vthich, in my opinion. allenlion should bo diÈwn in order to enable a proper vnderslanding of the fln8nclal slalemenls lo be reached. /./// Mark Plalt FCA 110-114 Dukg Stre81 Monetla LLP Liverpool L15AG Dated..
A H BOULTON TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5APRIL 2024 2024 2023 Notas ome Charitable actlvilles Invèslmenls 38,586 83,184 37,387 68.178 Total Income 121,770 105,565 Ex endlture on. Raising funds 18,632 18,287 Chartlable activilies 73,393 49,593 Total resources expended 92,025 67.880 Net Incomlnglloutgolngl resources for the year bèforè galfis and losses on Inve51m8nls Net gains on invèstments 29,745 227,113 37,685 (197,6631 Net mov8m#nt in funds 256,858 (159.9781 Fund balances al 6 Aprtl 2023 3.817,261 3,977,239 Fund balances at 5 Aprll 2024 4,074,119 3,817,261 The stalemenl or financial activltles Includ8s all gains and losses recognis8d in the yeai. All income and 8xpendllurè dèrlve from continuing aclivili8s. All mvements are in unrestricled funds.
A H BOULTON TRUST BALANCE SHEET AS A T 5APRIL 2024 2024 2023 Notes Flxgd a5sels Tanglble assets Investments 12 13 551,500 3.461,862 551,500 3,189,780 4,013,362 3,741,280 Currant ass&ts Deblors Cash 81 bank and In hand 15 2,704 66,712 2.939 69,416 84,311 Credllors: amounts falling du8 wlthln one year Other creditors 8,659 8,330 Net current assets 60,757 75,981 Tol81 as$èls1oss current Ilabllllles 4.074.119 3,817,261 Not assets excludlng penslon IlJblllty 4,074,119 3.817.261 The funds of the A H Boullon Tru81 Unrèsliioted funds 4,074,119 3,817,261 4,074,119 3.817,261 The financtal slalement5 were approved by the Irus18es on . /g 2JZY Mr F P Gopslll Trustee Mrs J R Gopstll Tru81ee
A H BOULTON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Aeeounting policies Charity informatlon A H Boullon Twsl is a charitable trust. 1.1 Aceountlng conventlon The financial slalemenls havg been prepared in accordance with the A H Boullon Trust'5 goveinlng document, the Charities Act 2011 and °Accounling and Roporting by Charilics.. Stalemenl of Recommended Practice applicable lo Gharilie5 preparing Iheir accounts in accorLlance wilh th8 Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (as amended for accounling periods commarncing fiom 1 January 20191. The A H 8oulton Trust IS 8 publ BÉnefit Entity as defined by FRS 102. The A H Boulton Trust has taken advantage of the provisions in the SORP for charllles applying FRS 102 Update 8ts118ttn fj not to prepare a Slatement of Cash Flows. The financial slalemenls are PTepared in steTlig, which Is the funcllonal currency of Ihg A H Boullon Trusl. Monel8ry amaunls in these financial statements are rounded lo Ihe nearest £. The Bccounts have been prepared under the hlslorical cost conv8nllL)n. modified lo Include the revalualion of fre8htsld propèrties and lo include inveslmenls and certain lin8ncial in8lrumenls 81 lair value. The principal accounllng polS¢les adopted are set out below. 1.2 Golng concern Al Ihe lime of approving Ihe financi81 stat8m8nls, th8 trustèes have a reasonable expectation that the A H Boulltsn Trust has adequale resources to continue In operalion81 exis18nce for the fores8eable future. Thus the trust88s conlinuè lo 8dopl the going CA)nceTll basTS ol aCunting in preparing th8 financial slalements. 1.3 Charllable funds Unreslricl$d funds are avallable for use at Ihe discretion of Ihe Irvslees in furtherance of thelr charllabl8 obleclives. 1.4 Incomlng r6sources Inwme is recognised when th8 A H Boullon Trust I818g8lly éntitled to it after any performance conditions have been mel. tha amounts can be measured reliably, and il is probable that incom6 will be receiveij. Cash donallons are recognised on receipt. Inve81menl incom6 is Included in the finanaal slalements as il becornes receivable or due. Rentsl Incorne is credi18d to incoming resources when rèceivable. Interest Is credited io incoming resources when r8c8ivablg. All g2ins and losses on inveslrnenls are taken lo Ihe Statement of Financial Aclivilies a5 Ihey £1rise. Realised gains and losses on investnienls are calculated as the difference behen sales proceeds and their opening Garrying valLJ8 or Ihèir purchase value il acquired svbsequenl to the first day of the Iinancial year. Unrealised gains and 105ses are calculated as Ihp differersGe belween Ihe fair valu¥ al the year eiid and thgir carrylttg value. Realised and unreali5ed inve51menl gains and losses are comblned in the Statement of Financial Aclivilles. q.S Resources expended Resources expended ar8 accounted for on an accruAls basls. Cosls ol charitable Èxpenditure Include both direcl and support costs. Governance costs repr8ssnl bank charges and the costs of accounllng and Independent examinerfs fees.
A H BOULTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 AccoLtntlnu pollcl83 IContlnuÈdl Grants are accounted lor when paid. Expenditure is recognised when incurred. 1.6 T8nglbl& Ilxèd 8sS•ts Tangible fixed a55els are Inlli8lly measured al cosl 8nd subsequently measured al cost or valualic>n, net ol depreciallon and any Impairment losses. Freehold properties, which are held as social housing slod( under the trust deed, are disclosed as fttad assets and slated at valuation. No depreciation Is provlded on thes8 f¥eehold properties, on the basls Ehal the Tesldual value Is not le55 Iharb the fevalued amount any depreci81ion based on Ihe eslimaled useful Ille would be negligible. All bul one of tha Properties were built for ocoupalion by Ihè typ8 of b8n8ficlary for which the Irusl was crealed and are thus regarded as core lo Ihe Imst. 1.7 Flxed assèt Investmants Fixed asset inveslmenls are Inltlally measured al Ir8nsaclion price exduding transaction costs. and are subsequently measured at falr value 818&ch reporting dale. Changes In fair value are recognised in nèt Sncom&ll8xpÈndilurel for th8 year. Transaction costs are expensed as Incurred. 1.8 Impylrmenl of Ilxed assets At 6ach reporting 8nd date, the A H 8oulton Trust reviews the carrying amount5 01 Its tsngible a5sg15 10 determine whether there is a*7y indicatiors that those assels have suffered an Impgirmgnl loss. If any such indication exists, Ihe recoverable amounl of the a58Èt is estimated order to determin8 th8 exlent of the impairment loss lil any). Recoverable anM)LJnt is tha higher ol falr value le$5 costs lo sell and value in use. In as5e55ing value in use. th6 estimated fulufe cash flows are discounted to their present value using a pre-tax disGounl iale that reflecls current market assessments of the time value of mon8y and th8 Sk$ specific lo tho asset for which the eslimales of fulure cash flows have not beon adjusted. If the recoverablfj amount of an ass8115 estimated lo be less than ils carrying amount. lh& carrylno amount of th8 asset 1$ redu lo ils recoverable amount. An impairment loss is recognised imm8dlatÈly in incamel lexpendilure lor Ihe year. unless the relevant asset is cairied al a revalu8d amount, in whlch case the impairment loss Is treated ag a revaluatlon de98$8. RÈtrJgnlg8d impalrrnenl losses are reversed il. and only il. Ihe reasons for Ihe Impalrmenl loss have ceaseLI Io apply. Where an Impairment loss subsequently reverses, the carrying amount of the asset is illcreased lo the revised estimate ol recoverable amount, bul so that Ihe increased carrying amount does not exceed the carrying amount that would have b8en determined had no impairment loss been recognised lor the asset In prior yeavs. A reversal of an Impaimienl loss is recognised Immedlalely. unless Ihe relevant asset is carrted In al a rovalued amount. In which case the reversal ol the Impalrment loss Is traated as a rèvalualion incTease. 1.9 Cash and cash èqylvalènts Cash and cash eouivalents include cash hand, deposits held al call with banks, olher short-term liquld nveslmenls with origin81 malurilles of three monlhs or less, and bank overdrafts. Bank overdiafts are shown wllhln borrowlng5 in current liabi141ies.
A H BOULTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accountlng policies Icontlnu8dl 1.10 Financial In5trum•nts The A Fl 8oullon Trust has elecled lo apply the provlslons ol Seclion 11 '8asic Finandal Inslrumenls, and Section 12 '0ther Flnanclal Instruments Issues, of FRS 102 10 811 ol Ils finan¢lal Snslrumenls. Flnancial instruments are T8cognlsèd in thè A H Boulton Trust's balance sheet when the A H 8oullon Trusl becomès parly to the conlraclual provlsions of th8 Inslrumenl. Financial ass8ts and 118bilities are offset, with the nel amounts presented in the financlal stalemenls, when there is a legally enfoFceabl8 right lo set off the Tecognise£J amounts and there is an in¢enlic>n to $8tUe on a ne( basis or to realise the asset and Sellle the liabS1ity slmullaneously. Baslc flnanclal assels Basic financlal ass8ls, whlch include debtors and cash and baftk balances, aTe inllialw measured al transaction price including Iransaction costs and Are subsequently carr4ed al amortiscd co81 using the effeclive nterest method unless the arrang8tr8nl c()nslilules a finaTrcing Iransactlon, where the transaction Is egSLJréd at the present value of Ihe future receipts di5Gounled al a markel rate ol interest. Financial a8sets classif18d as receivsble within one year are not amorlised. B8slc flnanclal Ilabllltles Basic financial liabililies, Includlng craditors and bank loans ar8 inllially recognised al Iran8adlorE prlce unless the arranuemenl constilules a financing Ir8nsaclKin. where the debt inslrument is mgasured 81 the pré50nl valu8 of th8 futur8 payments discounted al a market Tale of interest. Financial Ilabllilles classified as payable withiti one year are not amorlised. Debt instmmenls are subseouenlly c&riied al 8¥llortised cost, using the efleclive interest rale melhod. Trade creditors obligations lo pay for goods or services Ihat h3V8 baen acquired in Ihe ordinary c4)ur8e of operations from Suppliers. Amovnls payable are classified as curienl liabilili8È if payment is due within one year or less. If nol, they ale presented as non-current liabilities. Trade creditors ar8 reco9ni5ed initially al Iran5aclion prt¢e and subsequenlly measured at amortised cost Uslng Ihe effective Inlerest method. Derecognltlon of flnanclal Ilabi1111os Financial liabilities aTe der8cognlsed when Ihe A H Boulton Trust's contractual obligations &xpire or are ischarged or cancelled. 1.11 Taxallon Thc Irust ÈS 8xempt from UK laxalion and VAT. ITrecov8rable VAT Is charged against Ihe expenditure heading for which il was incurred. Crlllcal accountlng è#tlmat8s and Judgements In the application of the A H Boullon Trust's accounlSng policies. the Iwslees are requlred lo make ludgemenls. eslimales and assumptions about Ihe cairying atllount ol assets and liabilities Ihat ara not readily apparent from other sources. The eslimales and associated assLJmPtions are based on historical experience and olhor factors th81 are considered to l)e relevant. Actual resulis m8y diffèr from these estimal8S. The eslimales and underlying assurnpllons are reviewed on an ongoing basis. R8VISIOTlS lo accounting gslim8le5 are recognised in the period in which the estimatè is revised where the revision affects only that period, or in Ihg period ol thè rèvision and future periods where Ihe r8vision affe¢ts bolh current and futur8 periods.
A H BOULTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Charllabl? a¢tlvllle$ 2024 2023 Charitable rental income Other income 38.155 431 36,378 1,009 38,586 37,387 Invèstments 2024 2023 Investment Sncome 83.184 68,178 Ralslng funds 2024 2023 rhveslmen emen 18,632 18,287 18,632 18,287 10
A H BOULTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Ch8rltablè Acllvltlts 2024 2023 Pfop6rly rèpalrs Insurance Lelting fees Charitable expenditure heading 6 Power Contribution towards oifice costs 18,142 2,263 5,772 577 19,347 2.051 6.364 34 570 650 27,404 28,366 Granl funding ol activities Share of governance costs (see note 81 38,500 7,489 15.000 6,227 73,393 49,593 Grants payab18 2024 2023 Grants to inslitulions.. Charles Thompson Misslon Peel- Donation Christin Centre Peel- Donation Loop 15,000 2.000 20.000 12,000 4,500 38,500 15.000
A H BOULTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Support costs Support Governance costs costs 2024 2023 Basls of allocatlon Ind8pendenl examlner Ind8pend6nt examiner- olh8r aCCnting servi¢es Legal and professlonal Bank charges Ttustees insurance 1,500 1,500 1,500 Govèman(* Govemance 3,900 3,9(Xl 1,137 1.640 Govèmance 144 Govemance 1.806 Govemance 124 1,965 124 1,965 7,489 7,489 6.227 Analysed belween Ch¥rit#ble activities 7,469 7,489 6,227 Governance CDsts Includès payments to the independent examlner of £1.500 {2023- £1,50DI. Truste8S None ol the Iruslees lor any persons connected wilh them) iecelved any Femuneralion from the A H Boullon Trust durlng lh8 yèar. Htswever Ihe Trust offoclod a Iruslee iodemnily pollcy durlng Ihe year, al a cost ol £1,965 -12023- £1,806). 10 Employeos The average monthly number of employees durlng Ihe year w88.. 2024 Numbèr 2023 Number Total 11 Net galnsl1108ses} on Investments 2024 2023 R8v8lu8tiorb of Inv8slmenls Galn on sala of Investments 145,446 81,667 1237,3631 39,700 227.113 1197,663) 12-
A H BOULTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 12 Tanglble flxed assets Tenanted properties, ulllised for social houslng under Ihe objects of the Irusl. Cost or valuatlon At 6 April 2023 551,500 At 5 April 2024 551.500 Carrylng amount Al 5 April 2024 551,500 Al 5 April 2023 551,500 Land and buildings, comprislng fesldentlal prop8rti&s situatéd In Wirral, th a carrying amount of £551,500 were revalued al 20 August 2010 by Sutton Kersh. Chartered Surveyors, independent valuers not connected wllh the A H Boulton Trust on the basis of market value. as lenanled property. Al 5 April 2024, had Ihe revalued assets been carried al historic cost less accumulated depreciation and accumulated impairment lossès. their carrying omovnt would have been approximalely £46.245 12023 £46,245). 13 Flxad assèt Investments Llsl¢d Inv8slment8 Cash In portfollo Total Cost or vRluatlon Al 6 Apiil 2023 Additions Valuation changes Transfer Oispos818 3.105.827 543,680 745,446 83,953 1518,424) 3,189,780 25.256 145.446 120,0001 121,380 {20.000) 564,635 (443,2551 Al 5 April 2024 3.351,69B 110,164 3,461.862 Carrylng amounl Al 05 April 2024 3,351.698 110,164 3.461.862 Al 05 April 2023 3,105,827 83,953 3.189,780 All inveslmenls are carrfed al Ihelr falF value. The ulllisled inveslrn8nls comprise funds invested in the ChgrS1ies Offlcial Investment Fund and are includcd al the bld price. The Iruslees conslder that thè carrying amounts ol financl81 a88els carried al amortlsed cost In the financlal slalemenls approxlmale to ih6i1 lalr valu6s. 13-
A H BOULTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 14 Financlal Instrum8nls 2024 2023 Carrylng amount of fSnanclal a55ets Debt Inslrum6nls measured al amortised cost Equity inslnjmenls measured at cost less impairment 289 3,189.780 3.461,862 Carrying amount of financlal Ilabllitie Measured al amoriised c()sl 8,659 8,330 15 DÉbtOTS 2024 2023 Amounts falllng due wSlhin one year: Other deblors Prepaymenls and accrued income 289 2,650 2,704 2.704 2.939 16 Other credllors falllng due wllhln one year 2024 2023 Trade c¥edilors Other creditors Accruals and deleTred income 144 793 7,393 793 7,866 8,659 8.330 17 Unre51rlcled funds The unresliicled funds of Ihe charity compris6 Ihe unexpended balances ol donations and gran18 which 8re not subject to specific condilions by donors and grantors as lo how they may be used. These inLlude designaled funds which have been set asid8 Out ol unreslricled funds by the Iruslees foi specific purposes. At 6 Aprll 2023 Incomlng re3ource8 Resources 8xpended Galns and Ios5eS AI 5 ApTII 2024 General funds 3,817,261 121,770 192,0251 227,113 4,074.119 Prevlous year.. At 6 Aprll 2022 Incomlng r850urces Rosourcos oxpondad Galns and losses At 5 Aprll 2023 General funds 3,977,239 105,565 167.8801 1197,6631 3,617,261 18 Ralatad party transactlons 14-
A H BOULTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 18 R81at8d party liansactlons Icontlnued) Transacllons with related partles Durin9 the year the A H Boullon Trust enlered inlo the following Iransacllons wilh related partles: During the y8ar, thè Trust éffected an indemnity insurance policy for the Injslees, at a cost of £1.96512023 - £1,806). During th8 year, one propeity was occupied by a pravious Trustee Mr S P Gopsill, the son of thè current trLFslees, at 3 rent of £525 per month lotalling £6,300. Durinu ihe year the trust contributed £650 - 12023 E5701 lo the office runnlng costs incuried by Boullon Collage Hr)mes TNSI with regards lo serviciRg Ihe prop8rli8S OWn8d by th8 trvst. 15-