2022-03-31-accounts - The Booth Charities

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1	—	Reference and Administrative		1-2
2	-	Trustees' Annual Report		3-7
3	-	Distributors' Annual Report		8-25
4	—	Statement ofTrustees' Responsibilities	in
		Respect ofthe Accounts
5	-	Independent Report ofthe Auditor		27-29
6	-	Statement of Financial Activities		30
7	—	Balance Sheet
8	—	Statement ofCash flows		32
9	-	Notes to the Accounts		33-53

ber ofgrants ap	proved	per Ward	.
Salford	Wards		Number ofResponsive	and	Number ofAccredited		Grants
Barton and Winton			Small Grants approved Ward	per	approved per Ward for the three year period 1"April, 2020, to31"March, 2023
Blackfriars and	Trinit
Boothstown and Ellenbrook
Brou hton
Cadishead and	Lower	Irlam
Claremont
Eccles
Hi her Irlam and Peel		Green
Kersal 8 Brou	hton Park
Little Hulton
Ordsall
Pendlebu and	Clifton
Pendleton and	Charlestown
Qua s
Swinton Park
Swinton and Wardle
Walkden North
Walkden South
Weaste and Seedle
Worsle and Westwood		Park
*Other			10
		Total	32			20

	GRANT DIS	TRIBUTION —ACTIVIT	Y DATA
TYPE OF GRANT	NUIIIIBER OF	NUMBER OF	NUMBER OF	NUMBER OF
	GRANTS	GRANTS	GRANTS NOT	GRANTS
	CONSIDERED	APPROVED	APPROVED	DEFERRED	OR
				WITHDRAWN
ACCREDITED GRANTS	20 - approved for the period 1"Apnl, 2020,to31"March„2023as shown the Financial Statements for the financial year ended 31"March, 2020				in
RESPONSIVE GRANTS	23	19
GRANTS &F3,000	15	13
TOTAL	58	52

TYPE OF GRANT	OBJECT 2	OBJECT 3	OBJECT4
ACCREDITED GRANTS
RESPONSIVE GRANTS
GRANTS &F3,000		12
TOTAL	25	20	17

				Designated	Funds	Permanent	2022	2021
			Unrestricted	Discretionary	Extraordinary	Endowment	Funds	Funds
		Notes	Funds 6000	Capital f000	Repairs 6000	Funds 5000	Total 6000	Total 6000
Income from:
Investments Other			1,329 60	162			1,571 60	1,472 47
Total income		3	1,389	162	&0		1,631	1,519
Expenditure on:
Raising funds Charitable activities		5,68 7	336 555	18	81	39	474 555	543 470
Total Expenditure			891	18	81	39	1,029	1,013
Net gains on investments			(7)	429	87	949	1,458	5,568
Net income/(expenditure)			491	573	86	910	2,060	6,074
Transfers between	funds	8	162	(162)
NET MOVEMENT	OF FUNDS		653	411	86	910	2,060	6,074
Fund balances brought forward			1,466	7,186	4,084	35,635	48,371	42,297
Fund balances carried forward			2,119	7,597	4,170	36,545	50,431	48,371

			As at31st alarch	As at 31stMarch
			2022	2021
			6000	6000
		Notes
Fixed assets
Investment properties		13	19,465	20,445
Investments		14	27,412	26,244
Fund manager deposits			497	371
Total fixed assets			47,374	47,060
Current assets
Debtors		15	387	391
Short term investments			521	513
Money market and bank deposits			100	100
Cash at bank and cash equivaknts			3,013	1,445
Total current assets			4,021	2,449
Liabilities: Creditors falling due within one year			(897)	(816)
Net current assets			3,124
Total assets less current liabilities			50,498	4&,693
Creditors: amounts falling due after one year			(67)	(322)
Total net assets			50,431	4&,371
Funds ofthe Charities
Restricted
Permanent Endowment		1&	36,545	35,635
Unrestricted
Designated Extraordinary	Repair		4,170	4,084
Designated Discretionary	Capital		7,597	7,186
General			2,119	1,466
Total unrestricted funds			13,8&6	12,736
Total funds ofthe charities		17	50,431	48,371

				Total Funds	Total Funds
				2022	2021
				6000	8000
Net cash used in operating activities:				(1,139)	(1,054)
Cash flows from investing activities:
Dividends, interest and rents from investments Proceeds from the sale ofinvestment assets				1,571 1,144	1,472 154
Purchase ofinvestment property assets
Net cash provided by investing activities				2,715	1,626
Change in cash and cash equivalents	in	the year		1,576	572
Cash and cash equivalents brought forward				2,058	1,486
Cash and cash equivalents at the end of	the year			3,634	2,058
Analysis ofcash and cash equivalents:
Cash at bank and cash equivalents				3,013	1,445
Money market, bank deposits and short term investments				621	613
Total cash and cash equivalents					2,058
Reconciliation ofnet income to net cash flow from operating			activities
Net (expenditure)/income for the reporting		period (as per SOFA):		2,060	6,074
Adjusted for:
Losses/(gains) on investments assets				(1,458)	(5,568)
Dividends, interest and rents from investments (Increase)/decrease in debtors Increase/(decrease) in creditors				(1,571) (174)	(1,472) (8) (80)
Net cash used in operating activities				(1,139)	(1,054)

						2022	2021
			Elder's	Grandson's	Distributors	Total	Total
			5000	6000	f000	6000	6000
Income from
Investments			1,470	101		1,571	1,472
Other			41		18	60	47
Total income			1,511	101	19	1,631	1,519
Expenditure on:
Raising funds			434	37	3	474	543
Chadtable activities				21	534	555	470
Transfers between	Chadties		840	12	(852)
Total Expenditure			1,274	70	(315)	1,029	1,013
Net gains on investment		assets	1,267	198	(7)	1,458	5,568
Net income			1,504	229	327	2,060	6,074
Transfers between	funds
Net movement of	funds		1,504	229	327	2,060	6,074
Fund balances brought forward			43,666	4,183	522	48,371	42,297
Fund balances carried		forward	45,170	4,412	849	50,431	48,371

Analysis	ofincome byfund
			Funds	Funds
			Designated	Designated
		Funds	Discretionary	Extraordinary	2022	2021
		Unrestricted	Capital	Repairs	Total	Total
		f000	f000	f000	f000	f000
Rents		967			967	924
Dividends	-Equities	322	146	61	529	480
Fixed Interest Income		40	16	19	75	68
Bank Interest		19			19	12
VAT recovered		41			41	35
Total Income		1,389	162	80	1,631	1,519

Analysis ofincome by Charity
				2022	2021
	Elder's	Grandson's	Distributors	Total	Total
	f000	f000	f000	f000	f000
Rents	967			967	924
Dividends - Equities	435	94		529	480
Fixed Interest Income	68			75	68
Bank Interest			19	19	12
VAT and Income Tax recovered	41			41	35
Total Income	1,511	101	19	1,631	1,519

	Unrestricted	Designated	Designated	Permanent	2022	2021
	funds	discretionary	extraordinary	endowment	Funds	Funds
		capital funds	repair funds	funds	Total	Total
	6000	6000	6000	rx000	6000	FOOO
Investment management fees	61	18	19	39	137	119
Property management fees Insurance ofassets (net)	71 22				71 22	58 17
Property repairs 8, provisions Legal 8, professional fees Trustees' Governance costs	6 51 125		62		68 51 125	180 47 122
Total costs for raising funds	336	18	81	39	474	543

	Elder's	Grandson's	Distributors	2022	2021
				Total	Total
	8000	8000	8000	8000	2000
Investment management fees	114	20		137	119
Property management fees	71			71	58
Insurance ofassets (net)	22			22	17
Property repairs &provisions Legal &professional fees Trustees' Governance casts	68 48 111			68 51 125	180 47 122
Total costs for raising funds	434	37	3	474	543

				Grants to	Grants to	Support	2022	2021
			institutions		individuals	costs	Total	Total
				f000	f000	f000	f000	fOOO
Distributors
Relief ofaged, impotent or poor				24	1	10	35	41
Relief ofdistress and sickness				219		80	299	190
Provision and support offacilities recreation and other leisure time		for occupation		72			98	71
Provision and support ofeducational			facilities	109		40	149	121
Other charitable purposes				8		3	11	20
Grandsons
Sacred Trinity Church stipend, and repairs	insurance			21				33
Direct charitable activities				453	1	166	620	476
Grants under-claimed, refunded		or amended		(65)			(65)	(6)
Total charitable activities				388	1	166	555	470

Analysis ofs	uppo	rt and g	overnance costs
				2022	2021
				Total	Total
				f000	f000
Staff costs				131	114
Office costs				31	29
Sundry expenses				4	5
Total distributors'		support	costs	166	148
Trustee fees				15	15
Trustee meetings				2	1
Audit fees				14	13
Accountancy	fees			26	26
Legal and professional fees				66	65
Insurances				2	2
Tataltrustees'	governance		costs	125	122

Charitable Grant	Charitable Grant	s expenditure	s expenditure	s expenditure	s expenditure
1. Distributors'		analysis ofgrants by number and value per category ofobject
				Number		Number
				ofgrants	2022	ofgrants	2021
					F
Object 1:	Relief	ofaged, impotent or poor
individuals				22	1,215	22	1,143
Institutions				31	24,010	25	26,710
				53	25,225	47	27,853
Object 2:	Relief	ofdistress and		sickness
Institutions				16	218,965	17	131,268
Object 3:	Recreation and leisure
Institutions				11	71,982	5	48,915
Object 4:	Educational		facilities
Institutions				3	109,104	2	82,997
Object 5:	Other
Institutions				1	7,500	2	13,978
Total grants by distributors				84	432,776	73	305,011
Chaiitable	grants by Humphrey			Booth the Grandson
Sacred Trinity Church				1	21,449	1	23,271
Gross grants expended				85	454,225	74	328,282

Charitable Grants expenditure
2. Detailed analysis ofgrants **single projects grant funded over dual	objects					2022
						6
Grants to individuals
Object 1 - Relief ofaged, impotent or poor
Benefits —payments to 2 individuals, the	maximum		benefit	to them	being 006	168
TVlicences - these comprise of payments		made for 20 individuals,			the
maximum being 6159,3licenses for the Motion Picture Licence.	Estate Communiiy			Centres	and a	1,047
Total grants to individuals						1,215
Grants to institutions
Object 1 - Relief ofaged, impotent or poor
Christmas grants (30individual institutions Booth Housing Charity)		and 45	residents	of Humphrey		24,010
Total to institutions						24,010
Object 2 - Relief ofdistress and sickness
Salford Citizens Advice Bureaux						45,000
Salford Foundation						38,334
Broughton House Veteran Care Village						20,000
Salford Carers Service						16,850
Special Spirits						16,080
Emmaus Salford						15,000
StJames' parish Church and Community	Food project					11,362
Henshaws Souety for Blind People						10,797
Kings People's Church, Salford						10,680
Salford Unemployed Resource Centre						10,584
Aspire for Intelligent Care and Support CIC						10,000
YMCA Manchester						9,920
The Federation of Jewish Services (The	FED)					1,471
Beech Court Tenant and Residents Association						1,440
The Salvation Army, Swinton
Healthy Hearts Exercise Group						500
						218,965

Charitable Grants expenditure **single projects grant funded over dual objects		2022
		E
Object 3 - Recreation and Leisure
Hollinwcod Scout Campsite		25,000
The Ability Co-operstive Limited, Princes Park Garden Centre		22,500
CommUNITY Little Hulton		5,000
Salford Pride (2021 Event)		3,000
Salford Pride (2022 Event) Access Sport CIO		3,000 2,933
Kings Square Library		1,500
The Ability Co-operative Limited, Prices Park Garden Agecroft Rowing Club	Centre	1,500 1,500
The Federation ofJewish Services (The FED) Beech Court Tenant and Residents Association The Salvalion Army, Swinlon		1,471 1,440 946
Moorside Social Bowling Club, Beech Farm Playing	Fields	918
Albert Park Veterans Bowling and Social Club		774
Healthy Hearts Exercise Group		500
Total to institutions		71,982
Object 4 - Educational facilities
Salford City College (SCCGroup) The Ability Cc-operative Limited, Princes Park Garden Centre The New Broadwalk PRU Salford Carers Service		30,000 22,500 18,808 16,850
Salford Astronomical Society CommUNITY Little Hulton Chatsworlh Multi Academy Trust Kings Square Library The Ability Co-operative Limited, Prices Park Garden AgecroR Rowing Club The Salvation Army, Swiriton	Centre	7,500 5,000 3,000 1,500 1,500 1,500
Total to institutions		109,104
Object 5 - Other
Salford Astronomical Society		7,500
Total to institutions		7,500
Total grants to individuals		1,215
Total grants to institutions		431,561
Total grants by Distributors		432,776
Charitable grant by Humphrey Booth the Grandson
50%ofcost ofstipend ofSacred Trinity Church Sacred Trinity Church repairs		18,607
Insurance ofSacred Trinity Church		2,842
Total grants by Humphrey Booth the Grandson		21,449
Total grants by Distributors &Humphrey Booth the Grandson		454,225

Charitable Grants expenditure					2022f
3. Grants under-claimed, refunded oramended	regarding		previous years
This relates to grants previously provided for but which have		been under-
claimed, refunded or amended
Total Grants under-claimed, refunded or amended					64,740
4.Grants to Connected Charitable Organisations
Or anisation/Distributors declarin an interest				2022f	2021
Salford Citizens Advice Bureaux (Mrs BGriffin, MBE)				F45000
Salford Unemployed and Community Resource Centre (Councillor			G Reynolds)	~f105S4
YMCA Manchester (Coundillor G Reynolds)				F9920
LLedr Hall Outdoor Education Centre (Councillor Joan Walsh)					f.15000
Lowry Centre Trust (MrJ CWillis, CBE)					f15000
Royal Horticultural Soaety (Councillor D A Lancaster,	MBE)				F31 800
Salford Ceremonial Mayor's Chanty Appeal 2020/21, (Councillor		D A Lancaster, MBE)			~Z15000
The Tatton, Qrdsall (Mr P M McNsmara)					F20956

	2022	2021
	f000	f000
Salaries	113	100
Agency Staff	3
Social Security costs	9
Pension costs	6
	131	114

	Unrestricted		Designated	Designated Permanent	Designated Permanent	2022	2021
	Funds		Discretionary	Extraordinary Endowment		Total	Total
		Capital Funds		Repair Funds	Funds	Funds	Funds
	6000		6000	6000	6000	6000	f000
Investment properties					19,465	19,465	20,445
Investments			7,240	4,157	16,015	27,412	26,244
Fund manager deposits			322	18	157	497	371
Total fixed assets			7,562	4,175	35,637	47,374	47,060
Debtors	367		12	8		387	391
Intra fund accounts	(73)		31	(8)	50
Cash	2,757				877	3,634	2,058
Current assets	3,051		43		927	4,021	2,449
Current liabilities	(865)		(8)	(5)	(19)	(897)	(816)
Liabilities & 1 year	(67)					(67)	(322)
Total net assets	2,119		7,597	4,170	36,545	50,431	48,371
Analysis ofnel assets by fund for 2021		ofE48,371is
Unrestricted Funds 61,465, Discretionary Permanent Endowment Funds 635,635			Capital Funds	67,186, Extraordinary	Repair Funds	64,084,
Analysis ofnet assets	by charity
						2022	2021
	Elder's 6000		Grandson's 6000	Distributors Adjustments 6000 6000		Total 6000	Total f000
Investment properties Investments Fund manager deposits	19,463 23,356 223		2 4,056 274			19,465 27,412 497	20,445 26,244 371
Total fixed assets	43,042		4,332			47,374	47,060
Debtors	346		8	37	(4)	387	391
Cash	2,153		99	1,382		3,634	2,058
Current assets	2,499		107	1,419	(4)	4,021	2,449
Current liabilities	(371)		(27)	(503)	4	(897)	(816)
Liabilities & 1 year				(67)		(67)	(322)
Total net assets	45 170		4412	849		50431	48371

		Unrestricted-	Unrestricted-	Permanent	2022	Unrestricted-	Permanent	2021
			Designated	Endowment	Total	Designated	Endowment	Total
			Funds	Funds	Funds	Funds	Funds	Funds
			EOOO	EOOO	6000	f000	EOOO	6000
Market value at 1	April 2021		10,977	15,267	26,244	8,458	12,230	20,688
Additions			241	1,042	1,283	1,143	2,722	3,865
Disposals at market value			(326)	(1,184)	(1,510)	(1,033)	(2,352)	(3,385)
Net unrealised investment		gains	505	890	1,395	2,409	2,667	5,076
Market value at 31 March 2022			11,397	16,015	27,412	10,977	15,267	26,244
The investments	comprise:
UK equities			2,728	6,015	8,743	2,519	6,189	8,708
Non U.K. equities			1,596	1,625	3221	1,436	1,506	2,942
U.K. Government	securities			687	687		685	685
Other fixed interest			1,030	1,052	2,082	1,148	1,221	2,369
USA Government	securities		93		93
Trackerfunds			190	40	230		35	35
Open Ended Investment
Companies			5,760	6,596	12,356	5,788	5,631	11,419
Total market value	ofinvestments		11,397	16,015	27,412	10,977	15,267	26,244
Market value of investments		greater than 3ya		oftotal investments
		Unrestricted-		Permanent	2022	Unrestricted-	Permanent	2021
			Designated	Endowment	Total	Designated	Endowment	Total
			Funds	Funds	Funds	Funds	Funds	Funds
			EOOO	f000	8000	FOOO	6000	6000
JP Morgan				820	1,188	342	811	1,'I53
Schroders			451	490	941	484	496	980
Bail)is Gifford						574	228	802

		Unrestricted	Designated	Designated	Permanent	2022	2021
		Funds	Discretionary	Extraordinary	Endowment	Total	Total
		Capital Funds 6000 6000		Repair Funds Faao	Funds 6000	Funds 6000	Funds 6000
Rent debtors *		291				291	256
Amount owed to/from	Group
funds		(73)	31	(8)	50
Accrued income		24	12	8			31
Other debtors		52				52	104
Total debtors		294	43		50	387	391

Current assets -debtors by ch	arity
				2022	2021
	Elder's	Grandson's	Distributors	Total	Total
	6000	6000	6000	6000	6000
Rent debtors	291			291	256
Accrued income	36	8		44	31
Other debtors	15		37	52	104
Total debtors				387	391

		Unrestricted Funds	Designated Discretionary	Designated Extraordinary	Permanent Endowment	2022 Total	2021 Total
			Capital Funds	Repair Funds	Funds	Funds	Funds
		FOOO	f000	f000	f000	FOOO	f000
Less than	1year
Prepaid rental income		280				280	276
Accruals		90				122	121
Grants committed		495				495	419
		865			19	897	816
More than	1 year
Grants committed		67				67	322
Total liabilities		932		5	19	964	1,138

Liabiliti	es by charity
		Elder's e 1 year		Grandson's & 1year	Distributors e 1 year	Distributors )1year	2022 Total	2021 Total
			f000	f000	f000	f000	f000	f000
Prepaid	rental income		280				280	276
Accruals			90	24			122	121
Amounts charities	owed to group		(4)	4
Grants committed					495	67	562	741
			366	28	503	67	964	1,138

Summary	offunds
					Transfer	Net
		Balance			between	Investment	Balance at
		at 1 April 2021 FOOO	income 6000	Unrestricted Expenditure Funds 6000 6000		Gains I (Losses) 6000	31 March 2022 KOOO
Elder"s charity		43,666	1,511	(434)	(840)	1,267	45,170
Grandson's	charity	4,183	101	(58)	(12)	198	4,412
Distributors		522	19	(537)	852	(7)	849
		48,371	1,631	(1,029)		1,458	50,431

				Transfer
		Balance		between	Net	Balance at
		at 1 April		Unrestricted	Investment	31 March
		2021	Income	Expenditure Funds	Gains	2022
		f000	EOOO	FOOO f000	6000	f000
Elder's permanent endowment		33,338		(34)	949	34,253
Grandson's endowment	permanent	2,297		(5)		2,292
		35,635		(39)		38,545

Comparative s	tatement	offinanc	ial activities -	2021
				Designated	Designated	Permanent	2021
			Unrestricted	Discretionary	Extraordinary	Endowment	Funds
			Funds	Capital Funds	Repair Funds	Funds	Total
			f000	6000	6000	KOOO	6000
income from:
Investments			1,283	«8			1,472
Other			47				47
Total income			1,330	«8	71		1,519
Expenditure on:
Raising funds			329	15	164	35	543
Charitable activities			468		2		470
Total expenditure				15	166	35	1,013
Net gains on investment		assets	54	1,647	942	2,925	5,568
Net income/(expenditure)			587	1,750	847	2,890	6,074
Transfers between funds			«8	(«8)
Net movement	offunds		705	1,632	847	2,890	6,074
Fund balances	brought forward		761	5,554	3,237	32,745	42,297
Fund balances	carried	forward	1,466	7,186	4,084	35,635	48,371