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2020-10-26-accounts

Trustees Trustees Mrs S Badland
Mr R Binks
Mr BBroughton
Mr C Gough
Mrs C Corbett
Mr D Porter
Mrs
I Simpson
Mr P Steele
Chair Mr D Porter
Vice Chair Mr C Gough
Honorary Treasurer Mr R Binks
Secretary Mrs J Bohan
Charity Number 222819
Principal office Silverwell
House
Silverwell Street
Bolton
BL1 1PT
Independent examiner Simon Worswick BAFCA
R P Smith 8 Co Limited
Hamill House
112-116Chorley New Road
Bolton
BL1 4DH
Bankers yorkshire
Bank pic
17-21 Oxford Street
Bolton
BL1 1RD
Solicitors Fieldings Porter
Silverwell
House
Silverwell
Street
Bolton
BL1 1PT
Investment advisors W H Ireland
Ltd
11StJames's Square
Manchester
M2 6WH
Page
Trustees'
report		 1 —3
Independent
examiner's		 report
Statement
of financial		 activities
Balance sheet
Notes to the accounts 7-15

Unrestricted Endowment Total Total
Notes Funds Fundsf 2020
8		 2019f
Income and endowments from:
Income from investments 31,018 31,018 37,672
Charitable
activities		 750 750 250
Donations 14 14
Total income 31,782 31,782 37,922
Expenditure
on:
Investmsnt
management		 costs 3,335 4,267 7,602 4,751
Charitable
activities		 35,470 35,470 49,394
Total expenditure 38,805 4,267 43,072 54,145
Net income Iexpenditure (7,023) (4,267) (11,290) (16,223)
Gains / (Losses) on investment
assets
On revaluation (26,823) (17,180) (44,003) 82,218
On disposal 12,754 (54,617) (41,863) 2,843
Net movement
in funds		 (21,092) (76,064) (97,156) 68,838
Fund balances at 27 October 2019 488,701 651,597 1,140,298 1,071,460
Fund balances at 26 October 2020 467,609 575,533 1,043,142 1,140,298
2020 2019
Notes
Fixed Assets
Tangible
Fixed Assets		 10 780 780
Investments 1,009,524 1,109,422
1,010,304 1,110,202
Current Assets
Debtors 12 753 392
Cash at Bank and in Hand 13 55,727 56,832
56,480 57,224
Current
Liabilities
Creditors 14 (23,642) (27,128 3
Net Current Assets 32,838 30,096
Total Net Assets 1,043,142 1,140,298
The Funds ofthe Charity
Endowment
Funds		 15 575,533 651,597
Unrestricted
Funds		 467,609 488,701
Total Charity Funds 1,043,142 1,140,298

2 Investment
 income
Unrestricted
Fund		 Endowment
Fund		 Total 2020 Total 2019
Rental income 528 528 278
Income from listed investments 24,088 24,088 33,096
Interest receivable 6,402 6,402 4,298
31,018 31,018 37,672
3Income from charitable activities unrestricted funds
2020 2019
Unclaimed
grants (note		 9) 750 250
4 Donations
Unrestricted
Fund		 Fund Total 2020 Total 2019
Paypal
Giving		 Fund 14 14
5 Costs of generating funds
Unrestricted
Fund		 Fund Total 2020 Total 2019
Investment
management		 costs 3,335 4,267 7,602 4,751

8 Expenditure
on cha		 rI table
 activities unrestricted
f		 unds
2020 2019
Costs relating
to Grants		 payable comprise:
Grants payable (note 9) 26,854 41,898
Room hire and related office services 1,210 1,210
Management
and administration		 5,437 4,368
Website and advertising costs 20 88
Rent commission 95 50
Independent
Examiner's		 fse 1,440 1,440
Postage and stationery 102 84
Insurance 228 175
Sundry expenses 84 81
Legal and professional fees
Bank charges
35,470 49,394
9 Grants payable unrestricted funds
2020 2019
Organisations Individuals Total Organisations Individuals Total
Number of grants 23 24 49 52
Trips &Xmas
Parties		 1,146 1,146 6,931 6,931
Equipment 16,462 16,462 13,027 13,027
Running
Costs		 3,200 446 3,646 10,577 10,577
Training
&
Workshops		 3,100 3,100 7,000 7,000
Tuition Fees &
Costs		 2,500 2,500 1,330 3,033 4,363
26,408 446 26,854 38,865 3,033 41,898

9Grants payable unrestricted
fund		 s (cont.)
2020 2019
Grants payable
to organisations
Bolton Hospice —towards
the purchase		 of new mattresses 1,500
Bolton Symphony
Orchestra —towards ths purchase		 ofpercussion equipment 2,000
Fortalice —towards
the Domestic Abuse		 programmss 2,000
Octagon Theatre —towards
the Youth		 Academy programme 2,500 2,500
Bolton FM —towards
the purchase
of		 radio equipment 1,962
Harwood
Methodist
Church —towards		 the purchase ofcafe furniture 1,500
Bolton Mountain
Rescue —towards
ths purchase		 of a new rescue vehicle 2,000
Bibby's Farm Ltd (Bolton Scout Trust)
equipment		 —towards the purchase ofsound 1,500
Citizens Advice Bury & Bolton —towards temporary front fins advisors 1,500
Trust Music —towards
music bursary		 programme 2,500
Other grants below 61,500 12,946 30,865
26,408 38,865
Reconciliation
of grants payable
Grants awarded
in the year		 26,854 41,898
Grant conditions
not met during the year		 (750) (250)
Grants paid during the year (29,426) (28,066)
Grants payable at 27 October 2019 22,332 8,750
Grants payable at 26 October 2020 19,010 22,332





accrued as expenditure.
10Tangible fixed assets
Unrestricted Endowment
Fund
Ground		 Fund
Ground		 Total
Rents Rents
Market value at 27 October 2019 780 780
Market value at 26 October 2020 780 780
Historical cost:
At 26 October 2020 780 780
At 26 October 2019 780 780

11Fixed asset Inve stmen ts
Unrestricted Endowment
Fund Fund
Investment Investment Total
Share Share
Holdings Holdings
UK listed investments
Market value at 27 October 2019 478,520 630,902 1,109,422
Disposals at opening book value (74,857) (171,656) (246,513)
Acquisitions
at cost		 67,175 155,670 222,845
Change
in value		 in the year (14,409) (61,821) (76,230)
Market value at 26 October 2020 456,429 553,095 1,009,524
Historical cost:
At 26 October 2020 356,553 572,226 928,779
At 26 October 2019 351,821 632,854 984,675
12Debtors unrestricted funds
2020 2019
Prepayments
(Unrestricted		 funds) 753 392
13Cash at bank
Unrestricted
funds		 Endowment
funds		 Total 2020 Total 2019
Yorkshire Bank 19,744 19,744 27,763
W H Ireland 14,326 21,657 35,983 29,069
34,070 21,657 55,727 56,832
14Creditors
Unrestricted Endowment Total Total
funds funds 2020 2019
Grants payable 19,010 19,010 22,332
Trade creditors 1,403 1,403 1,438
Accruals 3,229 3,229 3,358
23,642 23,642 27,128

Unrestricted Endowment Total
funds funds
Fund balances at 26 October 2020 are
represented by:
Tangible lixed assets 780 780
Investmsnts 456,429 553,095 1,009,524
Current assets 34,822 21,658 56,480
Creditors: amounts falling due within one year (23,642) (23,642)
467,609 575,533 1,043,142
Unrealissd gains included above:
On investments 99,875 (19,131) 80,744
Reconciliation of movemsnts
in unrealised
gains
Unrealised gains at 27 October 2019 126,698 (1,951) 124,747
Net gains on revaluations in year (26,823) (17,180) (44,003)
Unrealissd gains at 26 October 2020 99,875 (19,131) 80,744
16Movement in funds
Balance at Movement
in funds		 Balance at
26 October Incoming Resources Gains I 26 October
2019 resources expended Losses 2020
Endowment Funds 651,597 (4,267) (71,797) 575,533
Unrestricted Funds 488,701 31,782 (38,805) (14,069) 467,609
1,140,298 31,782 (43,072) (85,866) 1,043,142


Statement of Financial
 Activities
Unrestricted
Funds		 Endowment
Funds		 Total 2019
Income and endowments from:
Income from investments 37,672 37,672
Charitable
activities		 250 250
Donations
Total Income 37,922 37,922
Expenditure
on:
Investment
management		 costs 1,852 2,899 4,751
Charitable
activities		 49,394 49,394
Total expenditure 51,246 2,899 54,145
Net income Iexpenditure (13,324) (2,899) (16,223)
Gains I(Losses) on investment
assets
On revaluation 21,421 60,797 82,218
On disposal 29,807 (26,964) 2,843
Net movement
in funds		 37,904 30,934 68,838
Fund balances at 27 October 2018 450,797 620,663 1,071,460
Fund balances at 26 October 2019 488,701 651,597 1,140,298
Investment
income
Unrestricted
Fund		 Endowment
Fund		 Total 2019
Rental income 278 278
Income from listed investments 33,096 33,096
Interest receivable 4,298 4,298
37,672 37,672


Costs of generating
fun		 ds
Unrestricted
Fund		 Endowment
F
d		 T t
0		 l 2019
a
Investmsnt
management		 costs 1,852 2,899 4,751
Cash at bank
Unrestricted
funds		 Endowment
funds		 Total 2019
Yorkshire
Bank		 27,763 27,763
W H Ireland 9,154 19,915 29,069
36,917 19,915 56,832
Tangible fixed assets
Unrestricted
Fund Ground
Rents		 Endowment
Fund Ground
Rents		 Total
2019
Market value at 27 October 2018 780 780
Market value at 26 October 2019 780 780
Historical cost:
At 26 October 2019 780 780
At 26 October 2018 780 780
Fixed asset investments
Unrestricted Endowment
Fund
Investment
Share		 Fund
Investment
Share		 Total
2019
Holdings Holdings
UK listed Investments f
Market value at 27 October 2018 337,792 671,635 1,009,427
Disposals at opening book value (96,462) (104,393) (200,855)
Acquisitions
at cost		 203,237 33,272 236,509
Change
in value
in the year		 33,953 30,388 64,341
Market value at 26 October 2019 478,520 630,902 1,109,422
Historical cost;
At 26 October 2019 351,821 632,854 984,675
At 26 October 2018 232,514 734,383 966,897
Balance at Balance at Movement
In funds		 Balance at
26 October Incoming Resources Gains I 26 October
2018 resources expended Losses 2019
Endowment Funds 620,663 (2,899) 33,833 651,597
Unrestricted Funds 450,797 37,922 (51,246) 51,228 488,701
1,071,460 37,922 (54,145) 85,061 1,140,298
Analysis of net assets between funds
Unrestricted Endowment Total
funds funds 2019
Fund balances at 26 October 2019are
represented by:
Tangible fixsd assets 780 780
Investments 478,520 630,902 1,109,422
Current assets 37,309 19,915 57,224
Creditors: amounts falling due within one year (27,128) (27,128)
488,701 651,597 1,140,298
Unrsalised gains included above:
On investments 126,698 (1,951) 124,747
Reconciliation ofmovsmsnts
in		 unrealissd
gains
Unrealised gains at 27 October 2018 105,278 (62,748) 42,530
Nst gains on revaluations in year 21,420 60,797 82,217
Unrealised gains at 26 October 2019 126,698 (1,951) 124,747