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2021-10-26-accounts

Trustees Mrs SBadland
Mr R Binks
Mr BBroughton
Mr CGough
Mrs CCorbett
Mr D Porter
Mrs I Simpson
Mr PSteele
Chair Mr D Porter
Vice Chair Mr C Gough
Honorary Treasurer Mr R Sinks
Secretary Mrs J Bohan
Charity Number 222819
Principal office Silverwell
House
Silverwell Street
Bolton
BL11PT
Independent examiner Simon Worswick BAFCA
R P Smith &Co Limited
Hamill House
112-116Chorley New Road
Bolton
BL14DH
Bankers Yorkshire Bank pic
17-21 Oxford Street
Bolton
BL1 1RD
Solicitors Fieldings
Porter
Silverwell
House
Silverwell Street
Bolton
BL11PT
Investment advisors W H Ireland
Ltd
11StJames's Square
Manchester
M2 6WH
Page
Trustees'
report		 1 —3
Independent
examiner's		 report
Statement
offinancial		 activities
Balance sheet
Notes to the accounts 7-15

Unrestricted Endowment Total Total
Notes Funds Funds 2021f 2020
6
Income and endowments from:
Income from investments 28,867 736 29,603 31,018
Chaditable
activities		 1,260 1,260 750
Donations 14
Total income 30,127 736 30,863 31,782
Expenditure
on:
Investment
management		 costs 3,956 4,865 8,821 7,602
Charitable
activities		 39,799 39,799 35,470
Total expenditure 43,755 4,865 48,620 43,072
Net income Iexpenditure (13,628) (4,129) (17,757) (11,290)
Gains I(Losses) on investment
assets
On revaluation 33,143 110,43'I 143,574 (44,003)
On disposal 39,442 (7,368) 32,073 (41,863)
Net movement
in funds		 58,957 98,934 157,890 (97,156)
Fund balances at 27October 2020 467,609 575,533 1,043,142 1,140,298
Fund balances at 26 October 2021 526,566 674,467 1,201,033 1,043,142
2021 2020
Notes
Fixed Assets
Tangible Fixed Assets 10 780 780
Investments 1,141,138 1,009,524
1,141,918 1,010,304
Current Assets
Debtors 12 156 753
Cash at Bank and in Hand 13 77,554 55,727
77,710 56,480
Current Liabilities
Creditors 14 (18,595) (23,642)
Net Current Assets 59,115 32,838
Total Net Assets 1,201,033 1,043,142
The Funds ofthe Charity
Endowment
Funds		 15 674,467 575,533
Llnrestricted
Funds		 15 526„566 467,609
Total Charity Funds 1,201,033 1,043,142
The accounts were approved 28/9 / o.d&L.
by the Trustees on ........./.......(.......................

2 Inves tment
income
Unrestricted
Fund		 Endowment
Fund		 Total 2021 Total 2020
Rental income 428 428 528
Income from listed investments 22,664 736 23,400 24,088
Interest receivable 5,775 5,775 6,402
28,867 736 29,603 31,018
3Income from charitable activities unrestricted funds
2021 2020
Unclaimed
grants (note		 9) 1,260 750
4 Donations
Unrestricted
Fund		 Endowment T t 12021
ca		 T t
oa		 12020
Paypal Giving Fund 14
5Costs ofgenerating funds
Unrestricted
Fund		 Endowment T t 12021
0 a		 T t
oa		 I2020
Investment
management		 costs 3,956 4,865 8,821 7,602

7 Employee s
IKey		 Personnel
2021 2020
The average monthly number ofemployees during the year was:
Employment costs 2021 2020
Wages and salaries 2,480

2021 2020
Costs relating to Grants payable comprise:
Grants payable (note 9) 33,039 26,854
Room hire and related office services 1,210
Management and administration 2,218 5,437
Staff costs 2,480
Website and advertising costs 20
Rent commission 77
Independent Examiner's fee 1,500 1,440
Postage and stationery 110 102
insurance 193 228
Sundry expenses 67 84
Legal and professional fees
Bank charges
39,799 35,470
9Grants payable unrestricted funds
202'I 2020
Organisations Individuals Total Organisations Individuals Total
Number ofgrants 23 24 23 24
Trips &Xmas
Parties		 2,500 2,500 1,146 1,146
Equipment 8,250 1,500 9,750 16,462 16,462
Running
Costs		 11,939 11,939 3,200 446 3,646
Training
&
Workshops
Tuition Fees
Costs		 & 7,500
1,350		 7,500
1,350		 3,100
2,500		 3,100
2,500
31,539 1,500 33,039 26,408 446 26,854
9Grants payable unrestricted
funds (cont.)
2021 2020
Grants payable to organisations
Bibby's Farm Ltd (Button Scout Trust) —towards
equipment		 the purchase ofsound 1,500
Bolton Deaf Society —towards volunteer expenses for Deaf Advacacy service 1,500
Boltan FM —towards
the purchase ofradio equipment		 1,962
Baltan Hospice —towards
the purchase
ofprivacy screens		 1,500
Bolton Lads and Girls Club —towards various small projects 2,500
Bolton Mountain
Rescue —towards the purchase		 ofa new rescue vehicle 2,000
Citizens Advice Bury &Bolton —towards temporary
front line		 advisors 1,500
Eagley Brass Band —towards
the refurbishment		 ofthe band room 2,500
Fortalice —towards the Advice and Support service 3,000
Harwood
Methodist
Church —towards the purchase ofcafe furniture		 1,500
Horwich
Festival ofRacing —towards the running		 costs ofthe festival 2,500
Octagon Theatre —towards the Youth Academy programme 2,500 2,500
StJoseph's RC Primary School —towards a school trip far disadvantaged
children		 1,500
StPeter's (Halliwell)
PCC —towards the upkeep		 ofthe advice centre 2,000
Trust Music —towards music bursary
programme		 2,500 2,500
Other grants below 61,500 9,539 12,946
31,539 26,408
Reconciliation ofgrants payable
Grants awarded
in the year		 33,039 26,854
Grant conditions
not met during the year		 (1,260) (750)
Grants paid during the year (34,039) (29,426)
Grants payable at 27 October 2020 19,010 22,332
Grants payable at 26October 2021 16,750 19,010 '

offered subject to conditions
which
have not been
accrued as expenditure.
10Tangible fixed assets		 met at ihe year end are noted as a commitment
bu		 t are not
Unrestricted Endowment
Fund
Ground		 Fund
Ground		 Total
Rents Rents
Market value at 27 October 2020 780 780
Market value at 26 October 2021 780 780
Historical cost:
At 26October 2021 780 780
At 26 October 2020 780 780

11Fixed as set investmen ts
Unrestricted Endowment
Fund Fund
Investment Investment Total
Share Share
Holdings Holdings
UK listed investments 6 f
Market value at 27 October 2020 456,429 553,095 1,009,524
Disposals at opening book value (60,208) (57,772) (117,980)
Acquisitions at cost 49,979 38,613 88,592
Change
in value in the year		 60,896 100,108 161,002
Market value at 26October 2021 507,096 634,042 1,141,138
Historical cost:
At 26 October 2021 374,077 542,742 916,819
At 26 October 2020 356,553 572,226 928,779
12Debtors unrestricted funds
2021 2020
Prepaymenis (Unrestricted funds) 156 753
13Cash at bank
Unrestricted
funds		 Endowment
funds		 Total 2021 Total 2020
Yorkshire Bank 17,708 17,708 19,744
W H Ireland 20,201 39,645 59,846 35,983
37,909 39,645 77,554 55,727
14Creditors
Unrestricted Endowment Total Total
funds funds 2021 2020
Grants payable 16,750 16,750 19,010
Trade creditors 26 1,403
Accruals 1,819 1,819 3,229
18,595 18,595 23,642
Unrestricted Endowment Total
funds funds
Fund balances at 26 October 2021 are
represented by:
Tangible fixed assets 780 780
Investments 507,096 634,042 1,141,138
Current assets 38,065 39,645 77,710
Creditors: amounts falling due within one year (18,595) (18,595)
526,566 674,467 1,201,033
Unrealised gains included above:
On investments 133,019 91,299 224,318
Reconciliation ofmovements
in unrealised
gains
Unrealised gains at 27 October 2020 99,875 (19,131) 80,744
Net gains on revaluations in year 33,144 110,430 143,574
Unrealised gains at 26 October 2021 133,019 91,299 224,318
16Movement in funds
Balance at Movement
in funds		 Balance at
26 October Incoming Resources Gains I 26October
2020 resources expended Losses 2021
Endowment Funds 575,533 736 (4,865) 103,063 674,467
Unrestricted Funds 467,609 30,127 (43,755) 72,585 526,566
1,043,142 30,863 (48,620) 175,648 1,201,033
18Comparetives for 2020 for 2020
Statement ofFinancial Activities
Unrestricted
Funds		 Endowment
Funds		 Total 2020
f f
Income and endowments from:
Income from investments 31,018 31,018
Charitable
activities		 750 750
Donations 14
Total income 31,782 31,782
Expenditure
on:
Investment
management		 costs 3,335 4,267 7,602
Charitable
activities		 35,470 35,470
Total expenditure 38,805 4,267 43,072
Net income Iexpenditure (7,023) (4,267) (11,290)
Gains I(Losses) on investment
assets
On revaluation (26,823) (17,180) (44,003)
On disposal 12,754 (54,617) (41,863)
Net movement
in funds		 (21,092) (76,064) (97,156)
Fund balances at 27 October 2019 488,701 651,597 1,140,298
Fund balances at 26October 2020 467,609 575,533 1,043,142
Investment
income
Unrestricted
Fund		 Endowment
Fund		 Total 2020
Rental income 528 528
Income from listed investments 24,088 24,088
Interest receivable 6,402 6,402
31,018 31,018
18Comparatives
for		 18Comparatives
for		 2020 continued 2020 continued
Costs ofgenerating funds
Unrestricted
Fund		 Endowment T I
0 a		 I2020
Investment
management		 costs 3,335 4,267 7,602
Cash at bank
Unrestricted
funds		 Endowment
funds		 Total 2020
Yorkshire Bank 19,744 19,744
W H Ireland 14,326 21,657 35,983
34,070 21,657 55,727
Tangible fixed assets
Unrestricted
Fund Ground
Rents		 Endowment
Fund Ground
Rents		 Total
2020
Market value at 27 October 2019 780 780
Market value at 26 October 2020 780 780
Histodcal cost:
At 26 October 2020 780 780
At 26 October 201S 780 780
Fixed asset investments
Unrestricted Endowment
Fund
Investment
Share		 Fund
Investment
Share		 Total
2020
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 201S 351,821 632,854 984,675

Balance at Balance at Movement
in funds		 Balance at
26October Incoming Resources Gains I 26October
2019 resources expended Losses 2020
f 6
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
Analysis of net assets between funds
Unrestricted Endowment Total
funds funds 2020
Fund balances at 26 October 2020 are
represented by:
Tangible fixed assets 780 780
Investments 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
Unrealised gains included above:
On investments 99,875 (19,131) 80,744
Reconciliation ofmovements
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)
Unrealised gains at 26October 2020 99,875 (19,131) 80,744