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2022-10-26-accounts
Trustees Mr R Binks
Mr BBroughton
Mrs C Corbett
Ms C Ellis
Mr D Porter
Mr P W Steele
Chair Mrs C Corbett
Vice Chair Mr PW Steels
Honorary Treasurer Mr R Binks
Secretary Ms JWoodward
Charity Number 222819
Principal office 28 Archer Grove
Bolton
BL22SP
Independent examiner Simon Worswick BA FCA
Smith &Goulding Limited
Harnill House
112-116Charley New Road
Bolton
BL14DH
Bankers Virgin Money
17-21 Oxford Street
Bolton
BL1 1RD
Solicitors Fieldings Porter
Silverwell
House
Silverwell Street
Bolton
BL1 1PT
Investment advisors W H Ireland
Ltd
11St James'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
f		 Funds 2022f 2021
Income and endowments from:
Income from investments 30,285 30,285 29,603
Charitable
activities		 2,500 2,500 1,260
Total income 32,785 32,785 30,863
Expenditure
on:
Investment
management		 costs 3,705 5,265 8,970 8,821
Charitable
activities		 31,655 31,655 39,799
Total expenditure 35,360 5,265 40,625 48,620
Net income iexpenditure (2,575) (5,265) (7,840) (17,757)
Gains
/ (Losses) on invsstmsnt
assets
On revaluation (84,775) (2,937) (87,712) 143,574
On disposal 32,073
Net movement
in funds		 (87,350) (8,202) (95,552) 157,890
Fund balances at 27 October 2021 526,566 674,467 1,201,033 1,043,142
Fund balances at 26 October 2022 439,216 666,265 1,105,481 1,201,033
2022 2021
Notes 6 f
Fixed Assets
Tangible
Fixed Assets		 10 780 780
Investments 1,080,842 1,141,138
1,081,622 1,141,918
Current Assets
Debtors 12 896 156
Cash at Bank and in Hand 13 40,109 77,554
41,005 77,710
Current
Liabilities
Creditors 14 (17,146) (18,595)
Net Current Assets 23,859 59,115
Total Net Assets 1,105,481 1,201,033
The Funds ofthe Charity
Endowment
Funds		 15 666,265 674,467
Unrestricted
Funds		 15 439,216 526,566
Total Charity Funds 1,105,481 1,201,033

2 Investment
Income
Unrestricted
Fund		 Endowment
Fund		 Total 2022 Total 2021
Rental income 528 528 428
Income from listed investmenls 25,416 25,416 23,400
Interest receivable 4,341 4,341 5,775
30,285 30,285 29,603
3Income from charitable activities unrestricted funds
2022 2021
Unclaimed
grants (note		 9) 2,500 1,260
4 Costs ofgenerating funds
Unrestricted
Fund		 Fund Total 2022 Total 2021
Investment
management		 costs 3,705 5,265 8,970 8,821

7 Employee s
/ Key		 Personne l
2022 2021
The average monthly number of employees during the year was:
Employment costs 2022 2021
Wages and salaries 4,961 2,480

8 Expenditure on cha rit able
a		 ctivities unrestricted funds
2022 2021
Costs relating to Grants payable comprise:
Grants payable
(note 9)		 24,150 33,039
Room hire and related office services 145
Management and administration 2,218
Staff costs 4,961 2,480
Website and advertising costs 96 115
Rent commission 95 77
Independent Examiner's fee 1,470 1,500
Postage and stationery 138 110
Insurance 313 193
Sundry expenses 143 67
Payroll services 144
Bank charges
31,655 39,799
9 Grants payable unrestricted funds
2022 2021
Organisations Individuals Total Organisations Individuals Total
Number
ofgrants		 24 24 23 24
Trips &Xmas
Parties		 5,640 5,640 2,500 2,500
Equipmsnt 2,850 2,850 8,250 1,500 9,750
Running
Costs		 9,160 9,160 10,439 10,439
Training
&
Workshops		 4,000 4,000 7,500 7,500
Repairs and
refurbishments		 2,500 2,500 1,500 1,500
Tuition Fees
Costs		 & 1,350 1,350
24,150 24,150 31,539 1,500 33,039

9Grants payable unrestricted
funds (cont.)
2022 2021
Grants
payable
to organisations
Bolton Deaf Society —towards
volunteer
expenses		 for Deaf Advocacy service 1,500
Bolton Hospice —towards
the purchase
of privacy		 screens 1,500
Bolton Lads and Girls Club —towards
various
small		 projects 2,500 2,500
Bolton Symphony
Orchestra —towards
Widening		 Participation Concerl costs 2,000
Eagley Brass Band —towards
the refurbishment		 of the band room 2,500
Fortalice —towards
the Advice and Support service		 3,000
Horwich
Festival of Racing —towards
the running		 costs of the festival 2,500
Make Them Smile —towards a specialised
wheelchair		 1,550
Octagon Theatre —towards
the Youth Academy		 programme 2,500
Smithill
Community
Music —towards
the decoration		 and furnish the new choir room 1,500
St Joseph's RC Primary School —towards a school trip for disadvantaged children 1,500
St Peter's
(Halliwell)
PCC —towards
the upkeep		 of the advice centre 2,000
Trust Music —towards
music bursary
programme		 2,500 2,500
Other grants below f1,500 14,100 9,539
24,150 31,539
Reconciliation
of grants payable
Grants awarded
in the year		 24,150 33,039
Grant conditions
not mst during the year		 (2,500) (1,260)
Grants
paid during
ths year		 (23,200) (34,039)
Grants payable at 27 October 2021 16,750 19,010
Grants payable
at 26 October 2022		 15,200 16,750

10Tangible
fixed assets
Unrestricted Endowment
Fund
Ground		 Fund
Ground		 Total
Rents Rents
Market value at 27 October 2021 780 780
Market value at 26 October 2022 780 780
Historical cost:
At 26 October 2022 780 780
At 26 October 2021 780 780

11 Fixed as set i nvest men ts
Unrestricted Endowment
Fund Fund
Investment Investment Tote I
Share Share
Holdings Holdings
UK listed investments
Market value at 27 October 2021 507,096 634,042 1,141,138
Oisposals at opening book value (3,586) (3,586)
Acquisitions at cost 30,312 30,312
Change
in value		 in the year (84,775) (2,247) (87,022)
Market value at 26 October 2022 422,321 658,521 1,080,842
Historical cost:
At 26 October 2022 374,077 570,159 944,236
At 26 October 2021 374,077 542,742 916,819
12Debtors unrestricted funds
2022 2021
Prepayments and accrued income (Unrestricted funds) 896 156
13Cash at bank
Unrestricted
funds		 Endowment
funds		 Total 2022 Total 2021
f 6
Yorkshire
Bank		 16,225 16,225 17,708
W H Ireland 16,920 6,964 23,884 59,846
33,145 6,964 40,109 77,554
14Creditors
Unrestricted Endowment Total Total
funds funds 2022 2021
Grants payable 15,200 15,200 16,750
Trade creditors 26
Accruals 1,946 1,946 1,819
17,146 17,146 18,595

Unrestricted Endowment Total
funds funds
Fund balances at 26 October 2022 are
represented by;
Tangible
fixed		 assets 780 780
Invsstmsnts 422,321 658,521 1,080,842
Current assets 34,041 6,964 41,005
Creditors: amounts falling due within one year (17,146) (17,146)
439,216 666,265 1,105,481
Unrealised gains included above:
On investments 48,244 88,362 136,606
Reconciliation of movements in unrealised
gains
Unrealissd gains at 27 October 2021 133,019 91,299 224,318
Nst gains on revaluations in year (84,775) (2,937) (87,712)
Unrealised gains at 26 October 2022 48,244 88,362 136,606
16Movement in funds
Balance at Movement
in funds		 Balance at
26 October Incoming Resources Gains I 26 October
2021 resources expended Losses 2022
Endowment Funds 674,467 (5,265) (2,937) 666,265
Unrestricted Funds 526,566 32,785 (35,360) (84,775) 439,216
1,201,033 32,785 (40,625) (87,712) 1,105,481


Statement
of Financial
 Activities
Unrestricted
Funds		 Endowment
Funds		 Total 2021
Income and endowments from:
Income from investments 28,867 736 29,603
Charitable
activities		 1,260 1,260
Donations
Total Income 30,127 736 30,863
Expenditure
on:
Investment
management		 costs 3,956 4,865 8,821
Charitable
activities		 39,799 39,799
Total expenditure 43,755 4,865 48,620
Net income Iexpenditure (13,628) (4,129) (17,757)
Gains I(Losses) on investmsnt
assets
On revaluation 33,143 110,431 143,574
On disposal 39,442 (7,368) 32,073
Net movement
in funds		 58,957 98,934 157,890
Fund balances
at 27 October 2020		 457,609 575,533 1,043,142
Fund balances at 26October 2021 526,566 674,467 1,201,033
Investment
income
Unrestricted
Fund		 Endowment
Fund		 Total 2021
Rental income 428 428
Income from listed investments 22,664 736 23,400
Interest receivable 5,775 5,775
28,867 736 29,603

Costs of generating		 fun ds
Unrestricted
Fund		 Endowment T t 12021
0 a
Investment
management		 costs 3,956 4,865 8,821
Cash at bank
Unrestricted
funds		 Endowment
funds		 Tots I 2021
Yorkshire
Bank		 17,708 17,708
W H Ireland 20,201 39,645 59,846
37,909 39,645 77,554
Tangible fixed assets
Unrestricted
Fund Ground
Rents		 Endowment
Fund Ground
Rents		 Total
2021
Market value at 27 October 2020 780 780
Market value at 26 October 2021 780 780
Historical cost:
At 26 October 2021 780 780
At 26 October 2020 780 780
Fixed asset Investments
Unrestricted Endowment
Fund
Investment
Share		 Fund
Investment
Share		 Total
2021
Holdings Holdings
UK listed investments
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		 60,896 100,106 161,002
Market value at 26 October 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

Balance at Balance at Movement
in funds		 Balance at
26 October Incoming Resources Gains
I		 26 October
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
Analysis of net assets between funds
Unrestricted Endowment Total
funds funds 2021
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 ons year (18,595) (18,595)
526,566 674,467 1,201,033
Unrealissd gains included above:
On investments 133,019 91,299 224,318
Reconciliation of movements
in		 unrsalised
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
Unrealissd gains at 26 October 2021 133,019 91,299 224,318