##
|||||||
|---|---|---|---|---|---|
|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|