Charity Registration No. 222819 PROVINCIALf¥VALSH TRUST FOR BOLTON TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENOED 26 OCTOBER 2025 PROVINCIALIWALSH TRUST FOR BOLTON LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ir R Binks Mr B Brou Jhton Mrs C Corbett Ms C Ellis Mrs C Gleaves Mr P W Sleele Chair Mrs C Corbeti Vlce Chalr Mr P W Steele Honorary Treasurer Mr R Binks Secretary Ms J Woodward Charity Numbor 222819 Principal office Field ngs Porter Si verwell House Si verwell Sireel Bolton BL1 IPT Independent examlner An¢rwy Simtn FCA TC Smilh & Goulding Limited Hamill House 112-116 Chorjey New Road Bolton BL1 4DH Bankers Virgin Muney 17.21 Oxford Street Bolton BLI 1RD Solicitors Fieldings Porter Silverwell House SilveTwell Street Bolton BL1 1PT Investment advi50r5 11 Ire and Ltd 11 St James s Square MAI'f.I'.os'.er M2 6WH PROVINCIALMIALSH TRUST FOR BOLTON CONTENTS Page Trustees repoll Independent examiner's report Sta:emenl of financial activities Balance Sheet Notes lo the accounts 8-18 PROVINCIALIWALSH TRUST FOR BOLTON TRUSTEES, REPORT FOR THE YEAR ENDED 26 OCTOBER 2025 The Trustees present their repo1 and ac-ounts fcr the year ended 26 October 2025. The accour)ts have been prepared in accordance with the accounting policies sel out in nole 1 to the financial slalements an¢ CO￿ ply wilh the Ch2'it5I'S Trust ifjeed. the Charit es A-t 2C" l and Accounting and Reporting by I:harilies Sl8lemen: tsl RÈrnrrmpndp4 Prarlice applicable 10 ¢harilies pre?ai Ing their accounts in accord3nce with the Financial Reporting Slandard applicable in the UK and RepLJb.'ic of Ireland IFRS 1021 (effective 1 Janaary 20191 Slructure, governance and management The char￿1Y Cem￿l$s1O￿ for Eialana antl Wales ordered that from 26 oYobe¥ 2011 the Charities fomierly known as David VJalsh Charity and Provincial Insurance Company Tru5: 'or Bolton be governed by a Scheme and be known as Piovinciallwalsh Trust far Bo ton On 18 Fèbruary 2022 the Charil J Commissioners approved a Scheme lo remove the niaxiffiiiffl number ol Trusiees allowed anc lo riave d iiiiiiiiyiuiyi of tlirèe Tiusl&es dl any one tirne The principal ofti-e Is fieldings Porter So.iators. sI.ve￿ell House, Silverwell Street. Bolton. BL'I 1PT. The Triisiee5 who seived duiing the year were. M. R Binks M. 8 Brouqhton I's C Corbell Ms C Ellis M's c. r)leave5 lappoinled 9 Oclober 202SI M. D Porter (resigned 9 October 20251 1,, V W Steele The Trustees Should be al least Ihree In number and ea-h TrJstee holds office lor four year5 T*e ski113 reqLJirerneni8 for the Tr1151 body. together ivitry the 5*111s sei '.he inJividuai I rustee8 are revieived on a regJlar basis Polenlial new fius'.&e5 aFpropriale skills are soughl cis ie4uired. via adYerti&emenl Ihio.'Iqh r&liuiic>l Aiiublit benefit In particular but not exclusively by prorrotiig the education of per50n5 uncer the 3ge Df 25 wlio are nhabiiar.ls ol Haiknood In Bolloii. Public benefit statement The Clidrily rTieels ils puJlic benelil ob yalioys bi provi'Jir)g financial assi5lar￿e to grouF5. char,ties antt Individuals for projects ihat benefit the community. or tne5r educatioral needs that are Dot proviced for by the Ioc21 education authoii'.i Efforts have been made lo focu5 g-anl giving Ir aieas most in need. and to the most disadvantaged communities B peoplertarget grjups Ir the Bciough of Bolloi The Trustees have paid due rega'd '.0 guidance Issued by Ihe Chanly CorntVi5510n In relalior to activities for the pEJbliE benefit In deciding iyhal activities the ChHrily should undertake. PROVINCIALIWALSH TRUST FOR BOLTON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 26 OCTOBER 2025 Grant making policy Tl)e Truslees Culltinue lo ddJpl d grdiils policy of Inviliiig el gib'& applicanls lo make %vritlen application 10 the Charity w￿1¢￿ can then be considered at meetings held at least tw"'ce a year (Spring and Autumn). Applicalions aro subffiillÈo via a slandard oim on the wèbsite followng advert se￿ent of forttr.cowing Trustee Tneelings IhrDugh various mears, via Bolton Community 3nd VolL'ntary ServiGes IBol:on CVS) and other oigar.Isalions. social media and abvia other appropr ale locatijns and )rgan sats"ons. The refreshed website which comweTrced during £023.'4 provide5 de".ails on the Ch3"Ily. guidantrp an the prioritie5 and the applical on process Guidènce notes can be dovmloaded Applicants can obtain the lo'm onliiie complete electronically and send cofflpleled form5 by email to lrye Trus1 Secretary DeppndiTrg on Ufcumslances and urgency of Ihe project app Icalions can be con51dered by tbe Tiust betyieen L?e Sei rreelings Related Parties lone of the Trustees lor any persons cornected Wit￿ them) received any rernuneration or benelits f.om the Charity diiring Ihp. year Achievements and performance T￿0 Tru- -loos hcld Lvo fu l Trusleo meetings and the Annual General Meeting and two Sub¢ommillee rneetings during the year ElfJilb eunliTrue 10 raise awareness uf P￿B ii,. the Harwood area ol Bo11oti lo eiicouraqe future applications lo the Charity Organ15aiions. charities. schools, community and social clubs. with a p8rtictylar focLJS on young pcopio have been taroe'.ed in and arountt HarNood to encourage aoplicalions lo the TrJsl for support for local projects. ReLords are being kepl Jp lo date regarding applicalion5 receiveij IioY Ih15 area ol',he Boroiigh Contacts Goiilinue lo be Trixdp Ivilh (>lhef grani g+vinq organisa'.ions eg 8ollon CVS. Bolton @ Home. and vari()us charities lo Increase the potential of woikinglfun(Jing projeis togeiher. lo addilion, Iha usé ol the Applicaiion Form and Guidance notes are being rnonilored regblariy and will be Lipdaiodlrevisod, Il roqLiirod f7f£??18 are paid ILJSI he.frJre Iho larger dii lo for oar.h proierl Js stalèd on ihe grant application Furty-live granly Including Ivio indivi#u815 12024. 4 1 qiantsi ￿e[e awarued durino tne yerfll loiallirig P40,379 12024 F.34.5751. In addil'.on six applications ard one Other expression ol Interest lailed lo be awarded ¢uring Ihc year Another three app Icalions viere deferred lor further i•lorm3iion lo t)e gaiiered and Nknill be consid&ièd In the lolloviing year. Since 2022123 the Trusiees have been assigTring grants awar¢Yed and app Icalions across varioiis categories of activity as follows Arts ¥r)d Culluie Env ronnienlal Heallhl Carei Support Learnina an¢ Development Soc al & Community oport arid Leisur'e Amonq the proieb15 SllPtKYrted th15 year were- Support lo projects offering mental health support foi yourKJ people Help w th Ihe costs of developing a school garden and 3 special need5 gardening club at t%%'o local pnmary schools SLlPPOrt 10 Mental Healbh Char'ty lo provide COL.nselling and workshops. and anolho" to a voluntary group supp?rtin J Nler,tal Heally for Velerans Help ltsward% fijndino a domestic abuse project Support towards Ihe cost of a minibus vjhich helps disabled children at a Special School I lelp with the cosls o, equipment for several local groups SupFort towards Iileiacy Skills projects Help loward5 tye proii5ion ol bas c items for.qeiv-born baDies and Iheir parents Help with concertllheatre prc)duc'.ion Gosls for Iccal groups Help to'wards tn& costs of adv.'ce and support services. Help with catch up groups in malhs al a local primary school 11 Is a150 Worth noting that the Tiusl has been mak.ng contact wth schools (primary. secondary and spec131 schools) in the Borough. W￿.ere the percentage a?d nurrber of pupi's digible foi Free Schoo., N,leals elc Is particularly higli. The Trusl has useo the FJIIIEV￿r 6 data. Dr-vidert by Bollon Council £5 th15 Include5 piipils viho have been eligible for Free School rreals at some [K)l￿t du-. ing the past 6 years. and this Is used as a proxy Ind cator for deprivation. PROVINCIALIWALSH TRUST FOR BOLTON TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 26 OCTOBER 2025 pwtB are In contact with all schotAs Nvhich have over 40% of FSMIEvei 6 children, to encourage applications lo support their pupils. Monitoring achievement The friislees receive thank you letlers and feedbacklreports 09 projects funded and detai15 of achieverner)Is from the various groups and Indivieuals sbpported ¢Juring the year. Occasionally Trustees visit sorne of the projects Flnanclal revlew Thè Charity r*cÈiv*d Income of f46 791 from investments The total expendiluie for Ihe year amounted lo f.58 435. The net result for Ihe year sva5 a Jelici,. o., inCOTne over expe.Trditure of £11.644 In adaition to Ihis thoro woie iinrea115ed gaiis of £100 298 3fTd reali5ed gains of £21 216 on the Charity s tnveslmenls In the year resulting In an ncrease In reserves of £109,87D There w3s an Increase In bank and deposit balartes dunng the year ol £17,501. The Endowment Funcl this year Increased by £34 609 frorr £696.760 to £731,369. The Unrestricted Funcj incroasod by £75,261 from £479.740 10 £555,001 Investment pollcy TIIL. QOVL*[111114 docJnienl does not coilain any Investment provisions selting out how Ibe Ifiislees may Invp%l th Cha.'Ity s furds The Trustees are therefore governed by the Trustee Act 2000 which Is enshiined In law a statJtVTy duly of care Ethical Considerations f¢rrn part of the Trusiees. InVest￿ent managemenl pcocess. This policy is applied lo all cla55e5 of assèt under managernent In¢luding secLirilies. land and ￿al estate Tha Trustees Client Agreemoni Wllh their iivesimenl acjvisors reflects Iheir general policy ot lo11ovAng lowlmediurn risk invoslmonl. wb.ilbl sooking a balanco botwoon grovrth In Ihe capital value ul Ilie1r assets and Ire generation ol sufficient Income 10 meel the Tiusl's anrtU81 running Costs and programmÈ of grant awards Reserves pollcy 11 Is the policy of the Charity 10 mairttain the permanent Endowmen.. Fund. From the total annu81 Incornè, tho Tiusl*es fiisl ¢iGcouiiI for su¥iLienl luiids lo cover managemen.. and a¢minisiration and support cos:s ano rèspond lo emergency applications for grants from time to time The 'cmaining Incomc. after allowing lor ihe funds detailed above. Is availaoie lo spend al Ihe Truslees. discretion in furtherance of Ihe Charity s objective5 The free reserves ol the Charity at 26 October 2025 ivere £555,001 12024. £479.740j. The Trustees consider Ihal reserves al cuiienl levels arÈ more than sufficient lo ensure that they will be ab18 10 continuè the Charity's current activities and they iyill coniinue to seek to expend some accumLJlated Income annually Plans for the lutuie The TILJsleeb Vlill c(>i)tinue lo provide grants lo Individuals and groups. Over the past few years, the Trustees have In acldilior IO onc off grants. awaidcd three years fLindiTig lo some specific programmes being iniplenienled by establisheil local volLnlary Organisa￿OnS funds are agreed each year following the roceipt of a progress rèport on preceding year Following success on this tront some furtner longer-tem proiecis were approved by PWTB th15 year."- rhe "Eseyond Connecl" programme operated by the Bolton Lads and Girf5 Club. This is a dedicated project lor ID yJung adJlts i%ilh SEND (ages "8-241 '.2kirg plate weekly for 2 hobrs The projec: olfers peer SUFPQrt and life ski115 developfflenl through acbvite5 sJch as budgeting cookiiig, travel t',ainin9, and managing routines. The project helps to develop rhe skills reoJires for Independent living as they transition lo adiillhood hance5 PrograTme run by Backup North Wesl This organisation operates 5 residenti81 services tl)a:. provide 1 C6 uyils of acCO￿￿o&allOn lo homel¢ss 5'oun9 peoplo aged 16-25 Chance5 are a spe¢121 st team offering extra help lo those at risk of lasing a tpnaicy. The aim Is".0 prevent re?e81 homelessnes5 and Improve '.he qJalily of life for Ihe5e young people Mental Hea Ih suppol 15 a partscular priority ￿vIthin the Chances Frog"aTnme Th& Trust is continuing to consider such longer-term proiels to suppart Bolton comTnunities. PROVINCIALIWALSH TRUST FOR BOLTON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 26 OCTOBER 2025 statement of Trusteès rtrsponsibilities The Trusiees are responsible for prepanig the Trus".ees' Repert the finap.cial statements In accordance with applicable la'4V and United King(kkm Accoui.. ng Standards induding Inancial Reporting Standard 102. The Financial Repor.Ing Standard apJlicable in Ihe UK and Republic of Ireland Iuniled Kingdom Geritsrally Accepted Accounting Practice) The la%v applicable to chatilies in Fngland & Ijvales re(tu,res the frusleès to prepare r.nancial statemenls for each fiyancial year which give a tr.ie and lair iie'N of the slaie of affairs of the Charity ard of the Income and expenditure ol Ihe Charity loi that period In pieparing these Iinaicial sialemenls the Trustees are required to.- select suitable accounting policies ano then apply Iherr consislenuy observe Ihe meinods and principles in tie Chaniie5 SORP". In8ke judgments ar)d accounting estimales that ale reasonable and prudent. state whether applicat￿e ac¢oLntlYg Standards have been follo%ved, suth'ect to any material departLJres disclosed and explained In the finanoal statements, and prepare ihe financial statements on Ihe gtyng concern basis unles5 It is inappropriate io presume that the cliarily will coiiiinue In bus ness The Trustee5 are responsible lor mainla ning proper accounting records vihici disclose with reasonable accuracy al any tims Ihe financial position of th• Cha'ily and eiable them to ensure thal Ihe financia statements comply with the charitie5 Act ?0. 1, tpie Charity IAc-OLinls an¢Y Roportsl Rogulalions ?OIIU and the provisions of the tr￿st deedlconslilulion. They are alsc respcns ble or safeguarJing the assets of the Charity and henG¢ for taking rèasonable. stèps lor thè prevpllion and Oereclion of frauc anc5 Olher Irreguianlies I declare. in my capacily of Cha'ily Trustee that the Trustees have approved the report abc¢ve. and have au.￿onsed me TO sign It on their behalf. Dated . .1 I Trii%tee PROVINCIALIWALSH TRUST FOR BOLTON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROVINCIALIWALSH TRUST FOR BOLTON I report on the accounts of the Charty for the year ended 26 OctODer 2Q25, which are set oui on page5 4 tts 18. Respective responsibilitie5 of Trustees and examiner The cliarity's Trustèes aTe resjons.ble for the p'eFarai"or cf t*e 3-¢ounls. The charity'5 . rustees consider th31 an aud I Is nol required for this year under section "441?i of Ihe Charities Act 2011 (the 2011 Act) 8nd that an independent examinat10n Is needed. 11 Is my responsibility to-. examine the accounls under section 145 of the 2011 Aci. lill to follow Ihc p'oceduie5 laid down In the 9eneral Oireciions given by the Charity Commission Unde￿ section 1451511bi of the 2011 Act. and liiil to state whèther particular matters have come to rny attention. Basis ol Iridepyndent exaiiiliier's report My exairiiridlion was C8Tiied oil.. iii aLLuidÈiiice ¥￿th the general Oirec110ns given by the Clarrty CDmmission An examination ￿ncIl￿deS a review of the accountin9 records kcpl by itr.e cfr.3rily arid a cornparis01i ol Ilie accounts presented w11h iyose records It also Includes Consideration ol any unusual Item5 Qr disc osures I.) the accoijiilq, and seeking e%planation5 from you as iiusiees cpncerning a4y Such matters The procedures undertakèn do not provide ali the evidence that %WOLJld be required In an aucit and coTrsgqu&i'lly no upiiiion is qiven as 10 Vwhelhei the accouiils present a 'lruè and la r view. ard the report is limited lo those maTler5 set out In staionicnl below Indepèndent examIne￿S statement In connection with my examination. no Matter has corne to rny Jiieniion lai which gives me rea50nab1è tause lo believe Ihai in any malonal respect the requirements. 10 kèep accouniing records In aG¢ordance witr section 130 of Ihe 2011 Act 8nd lill lo prepar8 accounis wnich accord with the a¢¢ouniing records and comply with the accouiiling rcqLiremÈnls of the 2011 Act.. have noi been mel or Ibl to Vkn'hich. In my tspinion. allentiory should be drawn In order lo enable a proper underslanOin9 01 the accounts lo be reached TC Smrth 8 Goulding Hamill Hous I t?.-116 Chorley New Road Bolton L3nCBshire BL1 4DH Dated". PROVINCIALIWALSH TRUST FOR BOLTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 26 OCTOBER 2025 Unrestricted Endowment Funds Funds Total 2025 Total 2024 Notes Income and endowments from: Income from Investmerit5 46,791 46,791 41.164 1,500 Total Income 46,791 46,791 42,664 Expend¢tUTe on: Investment management costs 3.720 5,287 9.007 8,697 Chanlablè activities 49,428 49,428 45,906 Total expendlture 53,148 5,287 $8,43S 54.803 Net income l expenditur* 16.3571 15.2871 111.644 111,9391 Gains, (Losses) on Investment assets On revaluation 65,388 34,910 100.298 84.013 On disposal 16,230 4.986 21.216 30,834 Not movement in funds 75.261 34,609 109.870 102,908 FLino balanccs al 27 Cctoter 2024 479,740 696.760 1,176,500 1,073,592 Fund balances at 26 October 2026 5SS.001 731,369 1.286.370 1 1;6.500 The breakdown ol the 2024 figures beiiyeen the unresln¢ted and endowment lunos are in note 17 Dn pages 14-16. PROVINCIALIWALSH TRUST FOR BOLTON BALANCE SHEET AS Af 26 OCTOBER 2025 2025 2024 Notes Fixed Assets Tangible fixed Assets Investments 10 780 780 11 1,263.412 1.163,905 1,264,192 1.164,685 Current Assets Debtors 12 568 186 Cash ai Bank and in Hand 13 40,938 23 437 41.506 Current Llabilities Creditors 14 119.3281 111,8081 Net Current Assets 22,178 11,815 Total Net Assets 1,286.370 1 178,500 The Funds of the Charity Endowment Funds 15 731,369 SSS.001 696 760 Unrestricted Fund 15 479.740 Total Charity Fund5 1,286.370 1.176.500 The accounts were approved by the Trustees on .. Trustee PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 26 OCTOBER 2025 1 AcLvunting policies 1.1 Basis of preparation The accounts have beer prepared In accordan-e with applicable a¢r.i)Lini.ng %landard%, thè accounting policies sel out IT the note5 to the a-coLnt5 and compls Mth the Cha'itiy S trust deed. tre Cttarities Act 2011 and Accounting and Reporting by Charities Statement ol Recommended PiiJcliC& applic.able ro cha"Ities prepanng their accounts In accordance wi'.h Ihe Financ 21 Reporting Slandara applicable In the UK and Republic of Ireland IFRS 1021 (effeclive 1 January. 201 Cl. T￿e Char iy s a Pub IC 8enef t Eniily as defined by FRS ".02 The accounts have departed from the Charities (Accounts and Reptsrtsl Regulations 2006 only to the extent required '0 providg a IrLl& aid fair v ew This departure has Invclved folloiving tre Slalemenl of Recommended Practice for charities applying FRS 102 ra¢her than the version cl the Sialement ¢1 Reconimended Practice '4vhich Is referred to In the Regulation5 but which has 5iYce been withdrawn The accounts are prèpared In sterling. Which Is the functional currency of the Charity Monetary amounts In these financial sialemenls are rounded 10 the nearest £. The acceunts have been prepared under the historical c?sl convention except for tho valuation of nveslmenl assets, which are shL)wn al quoted rrarkel price fo. UK lisled Inveslrnen'.s. The accounts iiclude all iiansaciions. assèts and Iiabililies lor whicn the Charity Is responsible in law 1.2 Going concern 41 the '.irne ol approving the accounts the TrJslees have a "easonable expectation Ihat Charily *as adequate resources 10 conlinue In operatiogal existeice for the foreseeable futJre. Thus, itre frusiees contiiue lo adopt the going concern tas15 of accounting In prepanng the aceounls There ale no rnaienal uncortaiDlies about the Charity s ability to continue 1.3 Funds Endownièni fun(Js are lunds wvhich t￿e capiial musi be maintained.. only income arising from Inveslmenl ol the Ls1'.dow¥iienl rniay be used L..tlier as Teslricled or unreslricled lurds depend ng upon thè purpose lor which the endowment was eslaolished Income arising from Ihe fund 15 recogn15ed vii'.frin unre51ncted funds UnrestriLtett funds are fund5 which are expen¢able 780 PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS {CONTINUEDI AS A T 26 OCTOBER 2025 11 Fixed asset investments Unrestricted Fund Investment Share Holdiiigs EndOw1￿ent Fund Investfflent Share Holdings Total UK listed investments Market value at 27 October 2024 470.039 693,867 1,163,906 D15ptssals at opening book valiie 173,8591 162,5751 1136.4341 Acquisitions at cost 65 181 60,72S 12S.906 Change In value in the year 68 767 41,267 110.034 MarkÈt value at 26 Ottobtr 2025 530.128 733,284 1,263,412 Ai 26 October 2025 383.504 615.296 998.800 Ai 26 October 2024 388.803 610.789 999 592 12 Debtors unrestricted funds 2025 2024 Prepayments and accrued income (Unrestricted lundsi S68 18 13 Cash at bank Unrèstricted lunds Endowmenl funds Total 2025 Total 2024 Virgin Money 21.204 21,204 20,095 WH Irelan 22 429 12.6951 19,734 3,342 43.633 12.6951 40,938 23,437 14 Credltors Unrestricted funds Endowment funds Total 202$ Total 2024 Granls payable 1":.440 17,440 6.430 Trade Creditor5 3.677 Taxes and social security Costs 20 20 Accruals 1.868 1.868 1.701 19,328 19,328 11.808 PROVINCIALMALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS ICONTINUEDI AS A T 26 OCTOBER 2025 15 A Tralysi5 of net assets between funds Unrestricted funds Endtswment funds Total Fund balartes at 26 October 2025 are reoresenlEd by Tangible fixed assets 780 780 Investments 530 128 733,284 1,263,412 Current assets 44 201 12,6951 41,5Q6 Creditors.. amounts fallin9 due within one year 11G 3281 119,3281 555 001 731.369 1,286,370 Unrèalised gains Included above.. On Inveslmenis 149624 117,988 264 612 Reconciliation tsf movements In unrealised gains Unreali5ecl gains al 27 OGlober 2024 81.236 83,078 1G4,314 Nel a8ins on revaluations In year 65 388 34,910 100,298 Unieallsed gains ai 26 October 2025 146 6?4 117,988 264,612 16 Movement in lunds Balancè at 26 Octobèr 2024 Movement in funds Resouwce5 expended Balai)ce at 26 October 2Q25 Gains I Losses resourcès ndowme.nl Fiinds 696,760 15.2871 39.896 731,J69 Unrestricted Funds 479.740 153 1481 81.618 555,001 1,176,500 158 4351 121,514 1,286,370 PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS {CONTINUEDI AS A T 26 OCTOBER 2025 17 Comparatives for 2024 Staternent of Financial Activbties Unrèstrictèd Funds Endowment Funds Total 2024 Income and endowments fiom.. Income Ifom Invèstments 41.'64 41 164 Charitable aclivit1é5 1.500 1 500 Tot31 income 42.664 42,664 Expendlture on.. Investrnent T8nagemeni costs 3.554 5,143 8697 Charitable activities 45.906 45 908 Total expenditure 49 460 54 603 Net Income l expendlture 19.7961 15.143 111.9391 Gain$ I IL¢bsso51 on Invesim&nl assets On rev31ualion 46.565 31,448 84,013 Orn disposal 30.e34 30,834 Not movoment ln funds 39,769 63.139 102,908 Fund b81ances al 27 October 2023 439,971 633,621 1.073,592 Fund balances at 26 October 2024 47g.740 696.760 1,178,500 Investment Income Unrestricted Fund Endowment Fuiid Total 2024 Fienlal Income 428 428 Income frorn listed Inve51meri:s 30.425 30.425 Interest receivable 10,311 10.311 41,164 41.164 Costs of generating funds Unrèstricted Fund Endowment Fund Total 2024 Investment managenent costs 5,143 8.897 PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS ICONTINUEDI AS A T 26 OCTOBER 2025 17 Comporativvs lor 2024 conlinued Cash at bank Unrestrtctsd funds Endowment funds Total 2024 Virgin Money 20.095 20.095 W H Ireland 1229 2,113 3.342 21 324 2,113 23,437 Tangible fixed assel Unre5trlcted Fund Ground Rent5 Endowmènt Fund Ground Renls Total 2024 Mgrkel value al 27 Oclober 2023 780 780 Market value at 26 October 2024 7BO 780 Istoricai C051. AI 26 October 2024 78Q 780 Ai 26 October 2023 780 780 Fixeo asset investments Unrestrieied Fund Invesiment Share Holdings Endowment Fund Invostment Share Holdings Total 2024 UK li%tpd inve%lments Market Value at 27 October 2023 423.282 629.569 1,052.851 Disposals al L)pening book value 161 5171 161.5171 Acquisitions at cost 191 70.432 70,623 Change in value in the year 46.$65 55.383 101,948 Market value at 26 October 2024 470.038 693.867 1.163,905 Al 26 October 2024 388.803 610,789 999 592 Al 26 October 2023 388.612 J83,938 972 550 PROVINCIALIWALSH TRUST FOR BOLTON NOTES TO THE ACCOUNTS ICONTINUEDI AS A T 26 OCTOBER 2025 17 Corwbparative5 for 2024 continued Movement In lunds Balance at 26 October 2023 Movernent in lunds Resources exp¢nded Balance at 26 October 2Q24 Incoming resources Gainsl L055e5 Endowment Funds 633621 15.1431 68.282 69S.760 Unrestricted Funds 439971 42.864 149 4601 46.565 482.168 1.073.592 42.664 154 6031 114.847 1.176.500 Analysis of net a558ts between funds Unrestricted funds Endowment funds Total 2024 Fond balances ai 26 October 2024 are rgpre5enled by Tzngit)ie fixed assets 780 780 Investmènts 470.038 693.867 1 483,905 Current assets 21.510 2.113 23,623 Creditors amounts falling due within one year 111.8081 479 740 696.760 1,176,500 Unrealised gains Include¢ above.. On Investments 81.238 83.078 164.314 RL'conciliation of mavements in unreallsed gains Unre8lised gain5 al 27 Octo￿r 2023 34 671 45,63D 80,3lll Nel gains on revaluations in year 46 565 84,013 Uniealised gains al 26 October 2024 81.236 83.078 164,314