## 



|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<br>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<br>Porter|
||||Silverwell<br>House|
||||Silverwell Street|
||||Bolton|
||||BL11PT|
|Investment||advisors|W H Ireland<br>Ltd|
||||11StJames's Square|
||||Manchester|
||||M2 6WH|





||||Page|
|---|---|---|---|
|Trustees'<br>report|||1 —3|
|Independent<br>examiner's||report||
|Statement<br>offinancial|activities|||
|Balance sheet||||
|Notes to the accounts|||7-15|





## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||Notes|Funds|Funds|2021f|2020<br>6|
|Income and endowments|from:||||||
|Income from investments|||28,867|736|29,603|31,018|
|Chaditable<br>activities|||1,260||1,260|750|
|Donations||||||14|
|Total income|||30,127|736|30,863|31,782|
|Expenditure<br>on:|||||||
|Investment<br>management|costs||3,956|4,865|8,821|7,602|
|Charitable<br>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<br>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<br>Funds|15||674,467||575,533|
|Llnrestricted<br>Funds|15||526„566||467,609|
|Total Charity Funds|||1,201,033||1,043,142|
|The accounts were approved|28/9 / o.d&L.<br>by the Trustees on ........./.......(.......................|||||





## 

## 

## 

## 



## 

|2 Inves|tment<br>income||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted<br>Fund|Endowment<br>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<br>grants (note||9)||||1,260||750|
|4 Donations|||||||||
|||||Unrestricted<br>Fund|Endowment|T t 12021<br>ca|T t <br>oa|12020|
|Paypal|Giving Fund|||||||14|
|5Costs ofgenerating||funds|||||||
|||||Unrestricted<br>Fund|Endowment|T t 12021<br>0 a|T t<br>oa|I2020|
|Investment<br>management|||costs|3,956|4,865|8,821||7,602|



## 

## 

|7 Employee|s<br>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<br>Parties||||2,500||2,500|1,146||1,146|
|Equipment||||8,250|1,500|9,750|16,462||16,462|
|Running<br>Costs||||11,939||11,939|3,200|446|3,646|
|Training<br>&<br>Workshops<br>Tuition Fees <br>Costs|&|||7,500<br>1,350||7,500<br>1,350|3,100<br>2,500||3,100<br>2,500|
|||||31,539|1,500|33,039|26,408|446|26,854|





|9Grants payable unrestricted<br>funds (cont.)||||||
|---|---|---|---|---|---|
||||2021|2020||
|Grants payable to organisations||||||
|Bibby's Farm Ltd (Button Scout Trust) —towards<br>equipment|the purchase|ofsound||1,500||
|Bolton Deaf Society —towards volunteer expenses for Deaf Advacacy service|||1,500|||
|Boltan FM —towards<br>the purchase ofradio equipment||||1,962||
|Baltan Hospice —towards<br>the purchase<br>ofprivacy screens|||1,500|||
|Bolton Lads and Girls Club —towards various small projects|||2,500|||
|Bolton Mountain<br>Rescue —towards the purchase|ofa new rescue vehicle|||2,000||
|Citizens Advice Bury &Bolton —towards temporary<br>front line||advisors||1,500||
|Eagley Brass Band —towards<br>the refurbishment|ofthe band room||2,500|||
|Fortalice —towards the Advice and Support service|||3,000|||
|Harwood<br>Methodist<br>Church —towards the purchase ofcafe furniture||||1,500||
|Horwich<br>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<br>children|||1,500|||
|StPeter's (Halliwell)<br>PCC —towards the upkeep|ofthe advice|centre|2,000|||
|Trust Music —towards music bursary<br>programme|||2,500|2,500||
|Other grants below 61,500|||9,539|12,946||
||||31,539|26,408||
|Reconciliation ofgrants payable||||||
|Grants awarded<br>in the year|||33,039|26,854||
|Grant conditions<br>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<br>which<br>have not been <br>accrued as expenditure.<br>10Tangible fixed assets|met at ihe year end are noted|as a commitment<br>bu|t are not|
|---|---|---|---|
||Unrestricted|Endowment||
||Fund<br>Ground|Fund<br>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<br>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<br>funds|Endowment<br>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<br>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<br>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<br>Funds|Endowment<br>Funds|Total 2020|
|||||f|f|
|Income and endowments||from:||||
|Income from investments|||31,018||31,018|
|Charitable<br>activities|||750||750|
|Donations|||14|||
|Total income|||31,782||31,782|
|Expenditure<br>on:||||||
|Investment<br>management||costs|3,335|4,267|7,602|
|Charitable<br>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<br>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<br>income||||||
||||Unrestricted<br>Fund|Endowment<br>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<br>for|18Comparatives<br>for|2020 continued|2020 continued|||||
|---|---|---|---|---|---|---|---|
|Costs ofgenerating||funds||||||
|||||Unrestricted<br>Fund|Endowment|T I<br>0 a|I2020|
|Investment<br>management|||costs|3,335|4,267||7,602|
|Cash at bank||||||||
|||||Unrestricted<br>funds|Endowment<br>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<br>Fund Ground<br>Rents|Endowment<br>Fund Ground<br>Rents||Total<br>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<br>Investment<br>Share|Fund<br>Investment<br>Share||Total<br>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<br>at cost||||67,175|155,670|222,845||
|Change<br>in value<br>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<br>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<br>in||unrealised||||||
|gains||||||||||
|Unrealised|gains at||27 October|2019|||126,698|(1,951)|124,747|
|Net gains|on|revaluations<br>in year|||||(26,823)|(17,180)|(44,003)|
|Unrealised|gains at||26October|2020|||99,875|(19,131)|80,744|