Charlty Registration No. 222819 PROVINCIALIWALSH TRUST FOR BOLTON TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 26 OCTOBER 2024
PROVINCIALIWALSH TRUST FOR BOLTON LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr R Binks Mr B Broughlon Mrs C Corbell Ms C Ellis Mr D Porter Mr P W Steele Chair Mrs C Corbett Vice Chair Mr P W Steele Honorary Treasurer Mr R Binks Se¢retary Ms J Woodward Charity Number 222819 Principal office Fieldings Porter Silverwell House Silverwell Street Bolton BL1 1PT Independent examiner Andrew Simm FCA Smith & Goulding Limrted Hamill House 112-116 Chodey New Road Bolton BL14DH Bankers Virgin Money 17-21 Oxford Street Bolton BL1 1RD Solicitors Fieldings Porter Silverwell House Silvetwell Street Bolton BL1 1PT Investment advisors W H Ireland Ltd 11 st James's Square Manchester M2 6WH
PROVINCIALIWALSH TRUST FOR BOLTON CONTENTS Page Trustees, report Independent examiner's report Slalemenl of financial activities Balance sheet Notes lo the accounts 7-15
PROVINCIALIWALSH TRUST FOR BOLTON TRUSTEES, REPORT FOR THE YEAR ENDED 26 OCTOBER 2024 The Trustees present their report and accounts for the year ended 26 October 2024. The accounts have been prepared in a¢¢ordance wth the accounting policies sel out in note 1 to the financial staternents and comply with the Ch8rily's Trust deed. the Charities Act 2011 and "Accounting and Reporting by Chaiities." Statement of Recommend8d Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 Structure, governance and management The Charity Commission for England and Wales ordered that from 26 October 2011 the Chaiilies formerfy known as David Walsh Charity and PIovinGial Insurnnce Company Trust fDr Bolton be govemed by a Scheme and be known as Provinciallvvalsh Trust for Bolton. On 18 Febnjary 2022 the Charity Commissioners approved a Scheme to remove Ihtt maximum number of Trustees allowed and to have a minimum of three Trustees al any one time. The principal office is Fieldings Porter Solicitors, Silverwell House, Silvetwell Street, Bolton, BL11 PT. The Trustees who served during the year were.. Mr R Binks Mr B Broughlon Mrs C Corbett Ms C Ellis Mr D Porter Mr P W Steele The Trustees shoLtld be at least three in number and each Trustee holds Offi for four year5. The skill requirements for the Trust body are reviewed, together with the skills set of the Trustees. Polenb"al nèw TrLJStees with appropriate skills are sought and fillèd by consensus amongst the remaining Trustees. The indu¢lion process for any newly appDinled Trustee comprises an initial meeting with the Chair who prov¢des a history of the Trust, a copy of the governing document5, the Schemes and Trustees minutes. The new Trustee is given relevant copies ol the Charity Commission GuidanGe. Trustee meetings lake place al least twice a year to review the Charity's financial matteT5, general operating business and to consider applications for grant support. Rlsk Factors During the previous year, the Trust focussed on reviewing the risks potentially affecting the Charity. System5 were updated and implemented and have been Working salisfadorily thi5 year. DigititIOn of data has continued on a regular and ongoing basis. The Trustees are satisfied that systems are in place lo miligale exposure lo the major risks. These continue to be reviewed annually. Oblectlves and actlvltles The object Df the Charity is general charitable puiposes lor the public benefit, in particular bul not exdusively by promoting the education of persons under the age of 25 who are inhabitants of Harwood in Bolton. Publlc beneflt statement The Charity rneels ils public benefit obligations by providing financial assistance lo groups, charities and individuals lor projects that benefit the community or their educational needs that are not providèd for by thè local education authority Efforts have been made to focus grant giving In area8 most In need, and lo the rnost disadvantaged ¢ommunities and peoplertarget groups in the Borough of Bolton. The Trustees have paid due regard lo guidance issued by the Charity Commission in relation lo acttvities for the public benefit in deciding what activities the Charity should undertake. Grant making policy The Trustees continue to adopt a grants policy ol inviting eligible applicants to makè written application to the Charity which can thèn be considered at meetings held twice a yeai (Spring and AulLJmn) Applications are submitted via a standard fomi on the website lollowng advertisement of forthcoming Trustee neelings through various means, via Bolton Community and Voluntary Services IBolton CVSI and other organisab'ons, social media and auvia other appropriate locations and organisalions. There is a new website lor the Trust which comménced midyear, which provides details on the Charity, guidance on the priorities and the application pro¢ess. GLJidance notes can be dDwnlDaded. Applicants ¢an obtain the fomi online, complete electronically and send completed forms by email lo the Trust Secretary. Depending on cirGurnslans and urgency ol the project, applications can be considered by the Trust between the set meetings.
PROVINCIALIWALSH TRUST FOR BOLTON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 26 OCTOBER 2024 Related Parties None of the Trustees lor any persons connected wrth them) received any remuneration or benefits from the Charfty during the year. Achievements and performance The Trustees held three full Trustee meetings 8nd one Subcommittee meeting during the year. Efforts continue to raise awareness of pwfB in the Harwood area of Bolton to encourage future applic8tions to Ihe Charity. Further information about the Chaiily, ils work and how lo apply is provided to groups and organisalions in this area, including schoo15. Records are being kept up lo dale regarding applications received from this area of the Borough. Contacts continue to be made with other grant giving organisations eg Bolton CVS, Bolton @ Home, and various harilies to increase the potential of workinglfunding proieds together. In addition, the use of the Application Fom) and Guidance notes are being monitored and will be update/viSed, if required. Grants are paid just befo the largel date for each project as staled on the grant application. Forty-one grants Including one individual 12023., 21 grants) were awarded during the year lolalling £34,575 12023.. £16,681). In 2022123, the Tiustees agreèd lo assign grants award@d and applications acrDSS various calegories of activity as follows Arts and Culture Environmental Heallhl Carel Support Leaming and Development Religious GroupslF8ilh Social & Community Sport and Leisure. Among the projects supported this year were".- help with the costs of medical equipment, help with the costs of equipment for several local groups, help towards the costs of trips and respite breaks for several groups serving childTen, disabled people and elderly people, help towards the costs of insurance, help towards various music proje¢ts, help with the concèrtrthèatre prodLJCtton costs for several groups, help with tuition fees. help with the costs of running workshops, and help towards the Costs of advice and support seNce5. Monitoring achievement The Trustees receive feedback and reports on projects funded as well as letters of thanks and del8ils of achievements from the various gioups and individuals supported during the year. Occasionally Trustees vi511 some ol the projects. Flnanclal revlew The Charity received incorne ot £41,164 from investments. Two grants were unclaimed in the year tolallin9 £1,500 which have been credited to income on unrestricted funds. The total expenditure for the year amounted lo £54,603. The net result for the year was a deficit of income over expenditure of £11,939. In addition to this there were unrealised gains of £84,013 and realised gains of £30,834 on the Charity's investm8nts in the year resulting in an increase in reserves of £102,908. There was a decrease in bank and deposit balaeS during the year of £3,078. Th8 Endowment Fund this year increased by £63,139 from £633,821 10 £696,760. The Unrestrictad Fund increased by £39,769 from £439.971 to £479,740. Investment policy The governing document does not conlaln any Investment prowsions setting out how the Tru51ees may invest the Charity's funds. The Trustees are therefore govemed by thè Trustee Act 2000 which is enshrined in law a statutory duly of care.
PROVINCIALIWALSH TRUST FOR BOLTON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 26 OCTOBER 2024 Ethical considerations form part of the TtU51ees' investment management process. This policy is applled lo all classes of asset under management including securilles, land and real eslale. The Trustees Client Agreement with their investment advisors reflects their general policy of following low risk investment, whilst seeking a balance between growth in the capitsl value of their assets and the generation of sufficient income lo meet the Trust's annual running costs and programme of grant awards. Reserve$ pollcy It is the policy of the Charity to rnainlain the pemianent Endowment Fund. From the total annual income. the Truslees first account lor sufficient funds lo cover management and adminislralion and support cost5 and respond to emergency applicats'ons for grants from lime lo time. The remaining income, after allowng foi the funds detailed above, is available to spend at the Trustees, discretion in furtherance of the Charity's objectives. The free reserve5 of the Charity al 26 October 2024 were £479.74012023.' £439,971}. The Trustees consider that reserves al Cur nl levels are more than sufficient lo ensure that they will be able lo continue the Charity's current activities and they will continue lo seek to expend some accumulated income annually. Plan5 for the future The frustees will continue to provide grants to individuals and groups. Over the past few years, the Trustees have, in addition to one off grants. awarded three years funding lo some specific programmes being implemènted by established local voluntary organisalions., funds are agreed each year following the receipt of a progress report on the preceding year. Examples of these are:_ the 'Pols of Gold" programme run by tha Bolton Lads and Girfs Club, where pwfB funding was matched with the Club funds lo establish a Grants Pol, run by the young people al the Club for projeds pul forward by the young people. a new Schools Project, established by the Bolton Guild of Help to support children and famili&s in nged. 11 is likely that other further longer-term projects may be considered in the future. statement of Trusteeg responslbllltles The Trustees are resk¥)nsible for preparing the Trustees, RepDrt and the financial statements in accordancè with applicable law and United Kingdom Accounting Standards including Financial Reporting Stsndard 1D2'. The Financial Reporting Slan¢Jard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pfftcticel. The law applicable lo charities In England & Wales requires the Trustees to prepare financial slalemenls for each financial year which glve a true and fair view of the slate of affairs of the Charity and of the Income and @xpèndilure ol the Charity for that period. In preparing these financial slatemenls, the Trustees are required lo-. select suitable a¢untIng policies and then apply them ¢onsistenUy', observe the methods and prlnclples in the Charities SORP., make judgments and accounting estlmales that are reasonable and prudent". stsle whether applicable accounting sl8ndards have been followed, subject to any material departures di10$ed and explained in the financial slalemenls. and prepare the financial statements on the going conrn basis unless "f( is inappropriate to presume that the charity will continuè in business. The Trustees are spOnSible for maintaining proper accounting records which disclose wth reasonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financ4al statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deedlconstilulion. They are also responsible for safeguarding the assèts ol the Charity and hence for taking reasonable steps for the prevention and dele¢lion of fraud and other irrular1tieS. I declare, in my capacity of Charity Trustee that.. the Trustees have approved the report above, and have 8Uthorised me lo sign il on their behalf. Trusteo
PROVINCIAUWALSH TRUST FOR BOLTON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROVINCIALMIALSH TRUST FOR BOLTON I report lo the Trustees on my examination of the accounts of Provinciainmalsh Trust For Bolton for the year ended 26 October 2024, which are sel out on pages 5 10 15. ResponslbS1itles and basis of reF)Ort As the Charity Trustees of th& Trust you are responsible for the preparation of the accounts in accordance with the requireménts of the Charities Act 20111.the Arti. I report in spect of my examination of the Trustee's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under se¢bon 14515llbl of the 2011 Act. Indepgndont oxamingrf$ statsm9nt I have completed my examination. I confirm that no material matters have come to my attention in Conneon with the examination giving me cause to believe that in any material respect- (1) ac¢ounb'ng records were not kept in respect of the Trust as required by 5eelion 130 01 the Act-, or (2) the accounts do not accord with those records., or (31 the accounts do not comply wlh the applicablé rèqulrèmènts concèming the fomi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any rèquirement that the accounts give g 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no Other matters in connection with the examination to which attenllon should be drawn in this reptsrt in order lo en8ble a proper understanding of the accounts lo be reached. Signed.. Andrew Simm FCA Smith & Goulding Umiled Hamill House 112-116 Chorley New Road Bolton BL14DH
PROVINCIALIWALSH TRUST FOR BOLTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 26 OCT08ER 2024 Unr•slrlqt•d Endovm)•nt Fund5 Funds T¢)tsl 2024 Totsl 2023 In¢•m• and •ndovmi•nts from: Income from investments 41,164 41,184 36,919 CharItae aclivities 1,600 3.590 Total inoem• 42.864 42,664 40,509 Exp•ndlthr• on: Investment managemenl costs 3,604 6.143 8,897 8,676 Charitable actfvilies 40,908 46,506 24,643 Total •xp•ndltur• 49,460 6.143 54,803 33,319 N•t Inoom• l •xpondityr• Gains l (Losses) on Investment assets 19,796 (6,1431 (11,9391 7,190 On revaluation 46,6$6 37A48 84013 (S6,3) On thsposal 30,834 30,834 17.227 Nèt movwn•nt In fund$ 39,769 63,139 102.908 {31,8891 Fund balances at 27 October 2023 439,?11 63J,621 1.073,092 1,105,481 Fund balan5 4t 26 O¢t•b•r 2024 479,740 69&760 1,176,600 1.073.592 The bakdOWn of the 2023 figure$ betsveen Ihe unrestrtcted and endowment fijnds are in Tte 17 on page5 1 >15.
PROVINCIALNIALSH TRUST FOR BOLTON BALANCE SHEET AS AT26 OCTOBER 2024 2024 2023 Notes Fixed Assets Tangible Fixed Assets Investrnenls 10 780 780 11 1.163.905 1,052,851 1.164,686 1,053,631 Current Assets Debtors 12 186 87 Cash al Bank and in Hand 13 23.437 26,515 23.623 26.602 Current Liabilities Creditors 14 111,808) {6,641) Net Current Assets 11,816 19,1 Total Net Assets 1,176.500 1,073,592 The Funds of the Charity Endowment Funds 1S 696,760 479,740 633,621 439,971 Unresiricted Funds 15 Total Charity Funds 1,176.$00 1,073,592 The accounts were approved by the Trustees on ....... . Trustee
PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 26 OCTOBER 2024 1 Accounting policies 1.1 Basls of preparatlon The accounts have boen prepared in accordance with applicable accounting standards, the accounting policies sel out in the notes lo the accounts and comply with the Charity's trust deed, the Charities Act 2011 and °Accounling and Reporting by Charities.. Statement of Recommended Practi applicable lo chaiilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1 rJ21 (effective 1 January 20191". The Charity is a Public Benefit Entity as defined by FRS 102. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 onty lo the exlenl required to provide a true 2nd fair view. This departure has involved following the Statement ol Recornmended Practice for charities applying FRS 102 rather than the version of the Slalement of Recommended Practice which is referred lo in the Re9ulalions bul which has since been wlhdrawn. The accounts are prepared in sterling, which is the functional Currency of Charity. Monetary amounts in these financial slalements are rounded lo the nearest £. The awounls have been prepared under the hislori¢al ¢osl convention except for the valuation of investment assets, which are shown at quoted market pnce for UK listed investments. The accounts include all transactions, assets and liabilities for which the Charity is responsible in law. 1.2 Golny ¢on¢em Al the lime of approving the accounts, the Trustees have a réasonable expectation that the Charity has adequate resources to continue in operational existence for the fOSeeable future. ThLJS, the Trustees continue lo adopt the going concem basis of accounting in preparing the accounts. There are no material uncertainties about the Charity's ability to continue. 1.3 Funds Endc)wment funds are lunds which the capilal must be maintained., only income arising frtsm investment of the endowment may be used either 8$ reslri¢led or unrestricted funds depending upon the purpose for which the endowment was established. In¢ome arising from the fund is recognised within unrestricted funds. Unrestricted funds are funds which ale expendable 81 the discretion of the Trustees in furthèrance of the objects of the Charity. 1.4 In¢omlng resources These are included in the Statement of Financial Actlvities ISOFAI when.. 1. the Charity becomes legally enlilled lo the benefit of usè of thé resources., 2. an inflow of econornic benefit is probable.. and 3. the rnonelary value can be measu with sufficient reliability. 1.5 Rèsources expended Liabilities are recognised as soon as an outflow of economic benefit is probable. Governan¢e ¢osls include costs of the preparation and examination of st81utory accounts, the costs of Trustees meetings and cost of any legal advice to Trustees on govemance or conslitulional mallers. All the govemance costs have been included in Charitable Activities as a whole rather than be apportioned. Grants payable are charged in the year in which it is probable they will become payable except in those cases where the offer is conditional. Such gr8nts being recognised as expenditure when the conditions attached are fulfilled. Grants offered subject to conditions which have not been met at the year end are not accrued as expenditure. 1.6 Cash and Cash equlvalents Cash and cash equivalents include cash in hand, cleposils held al call wth banks, olher short-temi Ilquld investments with original malurilies of three months or less, and bank overdrafts. 1.7 Fixed asset investments Fixed asset investments are initially meaSUd at transaction price excluding transaction c0518 and are subsequently measured al fair value al each reporting date. Change5 in fair value are recognized In nel income/lgxpendilurel for the year. Transaction costs are expensed as incurred.
PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS {CONTINUED AS A T 26 OCTOBER 2024 2 Investment income Unrestrlcted Fund Endowment Fund Totsl 2024 Total 2023 Rental incoma 428 428 428 Income from lisl8d investments 30,425 30,425 29,163 Intèrést rocéivablè 10.311 10,311 7,328 41,164 41.164 36,919 3 Income from charitsble activitlos unrestricted funds 2024 2023 Unclaimed grants (note 91 1.500 3,590 4 Costs ofgenerating funds Unrestr5cted Fund Endowment Fund Total 2024 Total 2023 Investment management costs 3,554 5,143 8,697 8,876 S Trustees None of the Other Trustee5 lor any persoris connected with them) received any remuneration or benefits from the Charity during the year. 6 Rglated parties There were no transactions with related parties during the year. 7 Employees l Key Personnel 2024 2023 The average monthly number of employees during the year was.. Employment costs 2024 2023 Wages and salaries 5,064 4,961
PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS (CONTINUED) AS AT26 OCTOBER 2024 8 Expenditure on charitabl¢ a¢t]vltles unrestricted funds 2024 2023 Costs relating lo Grants payable comprise.. Grants payable Inole 9} 34.575 16.681 Staff costs 5,064 4,961 Room hiiè and related office services 79 369 Webslle and advertising costs 3,306 64 Rent commission 77 77 Independent Examiner's fee 1,779 1,614 Postage and stationery 268 Insurance 574 333 Sundry expenses 127 127 Payroll services 144 144 Bank charyes 10 45,906 24,643 9 Grants payable unrestricted funds 2024 2023 Organlsations Indlvlduals Total Organi5ation5 Individuals Totsl Number DI grants Trips & Xmas Parties 40 41 19 21 S.700 500 6,200 5,140 500 5,640 Equipment 7.050 7,050 1.661 1,861 Running Costs Training & Workshops Repairs and refurbishments Tuition Fee5 & Costs 9,637 9,637 8,380 8,380 8,150 8.150 500 500 1,500 1,500 500 500 2,038 2.038 34.075 500 34.575 15,681 1.000 16.681
PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS (CONTINUED) AS A T 26 OCTOBER 2024 9 Grants payable unrestricted funds Icont.) 2024 2023 Granls payable lo org2nisations Bolton Guild of Help- towards the Child poverty support service Bolton Lads and Girls Club- towards various small proiecls Eagley Community Band- towards instrument refurbishments Haslam park Primary School - towards p18yground equipment Sl Joseph's RC Primary School- towards a school trip lor disadvantaged children The Hub at Westhoughton - towards kitchen equipment Other grants below £1,500 2,500 2.SOO 1.500 1,500 2,500 1,500 2,000 24.075 34.075 11,681 15,681 ReconclllatSon of grants payable Grants awarded in the year Grant conditions not mel during the year Grants paid during the year Grants payable at 27 October 2023 Grants payable at 26 October 2024 34,575 11.SOOI 31.3951 4,750 16,681 13,590) 123,5411 15,200 6.430 4,750 Grants payable are charged in the year when the offer is conveyed to the reopient except in those cases where the offer is conditional. Such grants are recognised as expendiltjrg whèn the conditions attaching are fullilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment bul are not accrued as expenditure. 10 Tangible fixed assets Unrestricted Fund Ground Rents Endowment Fund Ground Rents Total Market value al 27 October 2023 780 780 Market value at 26 October 2024 780 780 Historical cost.. Al 26 October 2024 780 780 Al 26 October 2023 780 780 10-
PROVINCIALMALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS (CONTINUED) AS A T 26 ocfoBER 2024 11 Flx•d s$•t Inv•stm•nts Unr•strl¢tsd EndoTAmwnt Fund Invtrn•nt 8h#r• Holdlnos Inv•stm•nt Sh•r• Holdings Totsl UK lisl•d Inv•skn•Thts Market value al 27 October 2023 423.282 629.569 1,062,861 Dl8posal8 al opening book value {61,517) {61.5171 Acquisitions at cost 191 70,432 70.623 Change in value in the year 46,565 55.383 101,948 Mrk•l valu• at 28 Ootob•r 2024 470.038 693.867 1,163,906 Historical cost.. At 26 October 2024 388,803 610.789 999,592 At 26 October 2023 388,612 583,938 972,550 12 D•btor5 unf•5tr1ot•d funds 2024 2023 PTrpayments arKI rUed Income (UrStric*ed fun(Is) 186 87 13 Cash at bank Uftr•$tri¢t•d funds Endowm•nt nds Totsl 2024 Totsl 2023 Virgin Money 20,095 20,096 20,532 W H Ireland 1,229 2,113 3,342 5,983 21,324 2,113 23.437 26,515 14 Cr•dit•rs Unr•striatsd fund$ Endowmont funds Total 2024 Tola5 2023 Grants payale 6,430 6.430 4,750 Credttors 3.677 3,877 A¢xruals 1,701 1.701 1.891 11,808 11,808 6,641 li
PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS ICONTINUED) AS AT26 OCTOBER 2024 15 Analysis of not assets bgtween funds Unrestrlcted funds Endowment funds Total Fund balances at 26 October 2024 are represented by.. Tangible fixed assets 780 780 Investments 470,038 693,867 1.163,90S Currenl assets 21,510 2,113 23,623 Creditors.. amounts falling due wilhln one yèar {11,8081 (11.8081 479,740 696,760 1,176,500 Unreallsed gains In¢luded above: On investments 81,236 83,078 164,314 Reconciliation of movements in unrealised gains Unrealised gains at 27 October 2023 34,671 45,630 80,301 Nel gains on revaluations in year 46,565 37,448 84,01 S Unrealised gains at 26 Octor 2024 81,236 83,078 164,314 16 Movement irb funds Balance at 26 October 2023 Movement In fund$ Resources expended Balance at 26 October 2024 Incoming resources Gains I Losses Endowment Funds 633,621 15,1431 68.282 696,760 Unreslricled Funds 439,971 42,664 149,4601 46,565 482,168 1,073,592 42,664 154,8031 114,847 1.176,SOO
PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS ICONTINUED) AS AT26 OCTOBER 2024 17 Comparatives for 2023 Statement of Financial Activities Unrestricted Funds Endowment Funds Total 2023 Income and endowments from: Income from investments 36,919 36,919 Charitsble activities 3,590 3,590 Tolal Income 40,509 40,509 Expendlture on.. Investrnenl management Costs 3,520 5,156 8,676 Charitsble activities 24,643 24,643 Tolal expenditure 28,163 5,156 33,319 Net Income l expendlture 12,346 {5,1561 7,190 Gains l {Lossesl on investment assets On revaluation {13,5741 142.7321 (56,306} On disposal 1,983 15,244 17,227 Net movement in funds 755 132,6441 131.8891 Fund balances al 27 October 2022 439.216 666,265 1,105,481 Fund balances at 26 October 2023 439,971 633,621 1.073,592 Investment Incom Unrestricted Fund Endowment Fund Total 2023 Rental InMe 428 428 Income from listÉ(l invèslmenls 29,163 29,163 Interest receivable 7,328 7.328 36,919 36,919 Costs of generatlng funds Unrestricted Fund Endowment Fund Totsl 2023 Investment management costs 3.520 5,156 8,676
PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS (CONTINUED) AS AT 26 OCTOBER 2024 17 CompaMtlv•s ftr 2023 oontlnu•d Cash at bnk Unr•strict•d funds Endowm•nt funds T•t•l 2023 Irirgin Money 20,532 20,532 W H Ireland 2,711 3,272 5.983 23.243 3,272 26,515 Tangibl• flx•d assets Unr•strlctsd Fund Ground Rents Endowm•nt Fund Gmund R•nts Total 2023 Market value at 27 October 2022 780 Marft•t V41u• At 26 O¢tob•r 2023 780 Historical cost At 26 Odober 2023 780 At 26 October 2022 780 780 Fix•d ASS•t in¥•stm•nts Unr•strloted Fund Invostmont Shar Holdings End•wm•nt Fund Inv•stm•nt Shar• Holdlngs Tatsl 2023 UK11st•d Investments Market value at 27 October 2022 422.321 658,521 1,080,842 Disposals at opening book value 158,073) (85.669} {143,742) Acquisitions at cost 77,765 86,091 163.6 Change in value in the year {18,7311 129,3741 {48.1051 M•Tk•¢ v•lu• at 26 Oot•b•T 2023 423,282 629,569 1.052.851 Historwl cost.. At 26 October 2023 388.612 583,938 972,550 Al 26 October 2022 374,077 570,159 944,236 14-
PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS (CONTINUED) AS AT26 OCTOBER 2024 17 Comparatlves for 2023 continued Movement in funds Balance at 26 Octobar 2022 Movement In funds Resources expended Balance at 26 October 2023 Incomlng rnsources Gains I Losses Endowment Funds 666,265 15,1561 127.4881 633,621 Unrestricted Funds 439.216 40,509 128,1631 111,591) 439,971 1.105,481 4Q,509 (33,3191 139.079) 1,073,592 Analysis of net a55ets between funds Unrestrfcted funds Endowment funds Totsl 2023 Funrj balances al 26 October 2023 8re represented by.. Tangible fixed assets 780 780 Investments 423,282 629,569 1,052,851 Current assets 23,330 3.272 26.602 Creditors.. amounts falling due wlhin one year {e,6411 16.6411 439,971 633,621 1,073,592 Unrealised gains induded above= On inveslments 34,671 45,630 80,301 Reconciliation of movements in unrealised gains Unrealised gains at 27 OCtor 2022 48.244 88,362 136,606 Nèt gains on revaluations in year 113,5731 (42,7321 156.3051 Unrealised gains at 26 O¢tob8r 2023 34.671 45,630 80,301