Charity Reglslralloh No. 225690 BOULTON'S COTTAGE HOMES TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Monetta LLP Chartered AccoLintanls 110.114 Duko Street Liverpool L1 SAG
BOULTON'S COTTAGE HOMES TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs J R Gopsill Mr F P Gopsill Mr M l F Gopslll Mr J D Galely Mr S W Greenall Charlty numbgr 225690 Ind•pendent examlner Monella LLP 110-114 Dljkè SlrÉ81 Liverpool L15AG Inveslmenl advlsors Campbell Insurance Services Llmlled 110-114 Duke Slreel Liverpool L1 SAG
BOULTON'S COTTAGE HOMES TRUST CONTENTS Page Statement ol TTusl8es responsibililies Trustees report Independent examinevs rèport S1Ment ol fioanclal ac(Ivilies Balance sheet Not8S to Ihè accounts 7-15
BOULTON'S COTTAGE HOMES TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Thè Irusteès are responsible for PTeparing the Trustee5 Report and the financlal sldt8menls in accordance with applicab18 law and United Kingdom Accounting Standard5 Iuniled Kirhgdotn Generally Accepted Accounling Practi). The law applicable lo chari118s In England and Wales requires the trustees to prepare financlal slalomenls lor each financlal year which give a true and fair view ol lh8 sla18 of affairs ol the Boullon's Collage Homes Trusl and of the incoming resources and application of resources of tha Boulton's Cotl8g6 Homes Trust for that year. In preparing these financial stalernents, thè Iruslees a¥e required lo: Select sullable accounling policies and then 8pply them conslslently., obse¢ve the methods and principles In the Charllles SORP: make ludgemenls and eslimales that are ieasonablE Ènd pn)denl'. slate whelher applic3ble aGcounling standards have been followed, subject lo any material departures disclosed and explained in the financial slalements., and epare the financial slalements on the going concern basis unl8ss11 is Inappropriate to presume Ihal the tharily will continue in operation. The Iiustees are responsible for k88ping svfficlenl accounling records Ihal disclose wtlh reason8bl8 accuraoy at any tim8 th8 finÈncial position of the Boullon's Cotlage Homes Tru51 and enable them lo en5ur8 that th6 fin8ncial slalernents comply with the Charilies Act 2011, the Charity IAcwtFnts 8nd Reports) Regulations 2008 and the provisions ol Ihe Irusl deed. They are also responsible lor saleouarding Ihe assets ol Ihe Boullon's Cottage Home8 Trust and hence lor laking reasonable steps lor the prevenlion and d8lection ol liaud and oih8r irregul8rtties.
BOULTON'S COTTAGE HOMES TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their annual report and firnancial statements lor the year end8d 31 March 2024. Th8 finanelal slalements have been prepared in accordance wSth lh8 8CCQLJnllng policles set out in note 1 to th8 financial slal8m6nls and comply wilh the Boullon's Coltage Homes Trnst's t¥usl déed, th6 Charities Act 2011 and 'Accounling and Reporting by Charilie5'. Statement ol Recommended Practice appllcable lo charities preparlng their linanclal stalemenls in accoTd8llC8 Wlth the Fln8ndal Reporting Standard applicable in the LIK and Republlc ol Iieland IFRS 1021 leffeclive 1 January 20191. Objectlves antl actlvltles The Boullon's Collage Homes Trust was 88tabllsh8d ftsr the PLsrpose of providing low.cosl accommodation lo pensioners or members ol the congregalion of Bethesda Church In Bebington. The Iruslees have paid due regaTd lo guidance issuèd by the Charity Commission in deciding what aclivilies Ihp oullon's Cottage Homes Trust should undertake. The 8oullon's Cotlage Hom8s Trst has no èmployees. Achlevements and p8rfom)anc& Flnanclol revlew Dullrtg the year ended 31 March 2Q24, Incomlng resources amounted to £163,887 12023 £137,028) and expendllurè on rÈpalrs and refurbishment, pow8r and insurance atnounled lo £98,893 12023 £34,028 1. Thè Iruslees have coTrlTnu8d to malnlaln Ihe properiies lo a good standard, lo enable Ihem 10 8chleve tha obleclive of providing quality but affordab18 housing lo eli9ible beneficiaries. It is the pollcy of th8 Boullon's Collage Homes Trusl that unreslricled funds should ba maintained at a level equivalent lo approximately twElve rnonlhs, expenditure. The Iruslees conslder th81 resérves al this18vel will ensure Ihat, in the event of a sigriificanl drop in fundlng. they will be able to conlinup the Boullon's Colt8gè Ht)mes Trusl's currenl actlvilles while consideration is given to ways In which additional lunds may be ralsed. This level of r858wes has been rnainlalned Ihioughoul the year. The funds held by the Boullon's Collage Hom8s Trusl ara all undesignaled and unreslricled funds. Inveslmenls compri59 unquoled inve51ments in the Charilies Officlal Inv&stmenl Fund and Campbell Insurance Services Llmiled, Irading as RSJ Flnancial Servlcès, who manage investments on a dis¢relionary basls. The overall value ol the fund as al 31 March 2024 was £4,436,40312023- £4.119.5131 after withdrawals of£50,000 and fevalualions. Financlal Rlsk M8nag8m8nt The trustees have 8ssessÈd th6 financial risks facing the charity. Significant risks whlch have been identified are.. loss of income and reserves Ihrough falls in Ihe valua of the Trust's inveslments-, loss ol lllcom8 through error or fraud. The Irustees ar8 5811sfi8d th81 Ihey have laken all re8sonable 518PS to manage any 1Skely effect on the charity and are satisfied that sysloms are Sn place lo mlligate exposure lo Ihe major risks. Slruetur•* governance and managempnt The Boullon s Cntlage Homes Trust was aslablished by deed on 30 October 1930. Th8 liuslees who serv8d during the year and up lo Ihe dale of signature of the financlal statements were-. MTS J R Gopsill Mr F P Gopslll Mr M l F Gopsill Mr J D Galety Mr S W Greenall
BOULTON'S COTTAGE HOMES TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Irusle8s are appointed by deed and hokl meetings from Ilme to limè, as they think lit. lo consider ihe affairs of the Trust and lo mako rules and regulations for the conduct of their meets.ngs #nd Carrying ovl Iheir duties. Tho iectullfflent and appointment of new Irusl68s is al the discretion of the existing Irustees. Durlng the year, the Trust eflected an Indemnlly Insurance policy for Ihe Iruslees. The Twslees report was approved by the Board of Truslees. Mr JRG Trust8e
BOULTON'S COTTAGE HOMES TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOULTON'S COTTAGE HOMES TRUST I report on the linancial stslemenls of the Boullon's Collage Homes Twsl for the yèar ended 31 March 2024, which are set out on pages 5 10 15. Respecllve respon$lbllllles of Iruslees and examlner The Boulton's Collage Homes Trust's trusleos are responsible lor the piepaialion ol Ihe financial 8tal8rnènls. The charitys trustees con8idar Ihal an audit is nol required for Ihis ye8r tsnder Section 14412} of the Chafilies Act 2011 (the 2011 Act) and that an Indepondent exan)ination is needed. 11 is my rp.sponslblllty to.. gxamine the financial statements un¢Jer secliorn 145 of th& 2011 Act,. Illl 10 follow lh6 procedures laid down In Ihe general Directions given by Ihe Charity Commlsslon under section 145151(bl ol the 2011 Act-, and lili} lo state whEther pamicular mallers havo come to my atlentlon. Basls of Independent examiner's report My examination was carried out in accordan wlth the general Directions given by the Charily Commission. An 8xaminètion includes a review of the aQCOLJnllng records kept by the charity and a Comparison ol the financial slalernen15 presented with thos8 recoTds. It also inelLJdes consideration of any unusual items or disGlosuie5 in the linancial slalemenls. and seeking explanations from you as Iruslees Conrning any such matters. The procedures undortaken do not provide all the evidence that WOU b8 reouired in an audit and consequently no opinion 15 given as to whether Ihs financial statements present a 'lfue and fair view. and Ihe report is limiled lo those tnallers set out in Ihe nexl sf8lemgnl. Indèpendent examlnels stat•mèrbt In connection with my examinaliun. no matter has come to my alt8ntion. la) which glveg m8 reasonable cause lo believe th81 in any traleilal respect Iha requiremeTrls.' lil lo keep accounting records in accordancè wilh section 130 01 Ihe 2011 Act., and (1S} lo prepa financial statements whrch accord with Ihe accounting iecordg. and comply wilh the accounling requiremenls ol th& 2011 Act,. have not been met or Ib} lo which. in my opinion, allenlion should b8 d¥awn in ordèr lo enablÈ a propèr und8rstanding of the financlal stalèmenls to be reached. /A//< Mark Plall FCA Monetta LLP 110-114 Duke Street Liv8rpool L1 SAG Dated..
BOULTON'S COTTAGE HOMES TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Nota5 Income from- Charitable actlvlllès Investmtsnts 42,735 121,152 42,131 94,897 Total In¢omo 163,887 137,028 Ex endlture on: Raising funds 23,540 29,060 Chadlable aclivilies 104,594 47,144 Total resoLFrces expended 128,134 76,204 Net Incomlnglloutgolng} resources before gains and lossès on Invèstments Net Iloss881 I gains on inveslmet)ts 11 35,753 272,556 60,824 1251,2421 N8t mov6ment in funds 3118,309 1190,4181 Fund balances al l April 2023 4.437,399 4,627,817 Fut)d balances al 31 March 2024 4,745,708 4.437,399 The stalemenl of financlal actlvlllas includes all galns Ioss85 reoognlsed In the year. All income and 8XP8ndllLtr8 der¢ve from continuing acllvilios. All movements are in unreslricled funds.
BOULTON'S COTTAGE HOMES TRUST BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Not88 F5xed assets Tangible Sssels Inveslmertts 13 258.53Q 4.436,403 258.530 4,119,513 4,694,933 4.378,043 Current assets Debtors Cash at bank and In hand 16 5,154 51,942 4.362 63,149 57.096 67,511 Credltors- amounts falling du• wllhln one year Other creditors 17 6.321 8,155 Net current assets 5Q,775 59,356 Total assets less ¢urrent Ilabllllles 4,745,708 4.437,399 Nel assets •xcludlng penslon liablllly 4.745,708 4.437,399 Thq funds of the Boulton's Cotlaga Homès Trust Unreslrided funds 4.745,708 4,437,399 4.745,708 4,437,399 /9 The financial stalements werè approved by the Iruslees on ............ Mr F P Gopslll Trustee Trustèe
BOULTON'S COTTAGE HOMES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounllng pollcle8 Charlty Informalloh Boulton's Colt8ge Homes Trust is a chglitable Injst, established by deed on 30 October 193LI. 1.1 Accountlng convenllpn The financlal slalements h8v& been prepared ir) accordan wllh the Boullon's Coltage Homes Twsl's Igoverning documenll, the Charili6s Act 2011, FRS 102 "The Flnanci81 Reporting Slandard opp1icable in th8 UK and Republic ol Ireland" I'FRS 102"18nd the Charities SORP "Aceounting and Reporting by Charities.. Slalemenl ol Recommended Practice applicable lo charilies preparing Ihèir 8CCOLtnls in accordance with the Financial Reporting Standard applicable in lh8 UK and Rèpublic of Ireland IFRS 1021 leffeclive 1 J8nLF8ry 20191. Th8 Boullon's Collage Homes Ttust is a Public 88n8fi1 Enlily as defined by FRS 102. The Boulton's Coltage Hornes Trust has laken advantage ol the PFQWSiQrnS the SORP lor charities not to propare a Slalemenl of Cash Flows. The financial $181emenls are Prepared In slerling. which is Ihe functional currency of the Boullon's Collage Homes Trust. Monatsry amounts in these financial statements are rounded lo the nearesl £. The accounts have been prepared undèr the historical cost convenlion, modified lo includo the revalLTralion of unlisted inveslmenls and certain financial Instrvments al fair value. Th8 principal accounling policies adopted ¥re sel oul b810w. 1.2 Golng conc8r At Ihe lim8 of approving the finanGlal slalements, Ihe Iruslees have a Teasonab18 èxpectation Ihal the Boullon's Collage Homes Trust has 8d84Uate iesources lo continue in operation81 8xisl6nce for Ihe foreseeable futur8. Thus the Iiuslees contintse lo ¥dopl the going concern b88is ol accounting in preparing Ihe rinancial slalements. 1.3 Charltablg funds Unreslricled funds are available for use al the discretion ol ihe trustees in furtherance of Ihelr charitablé objectives unless Ihe funds have be8n designated for olher purposès. The charity has no deslgnated funds. 1.4 Incomlng resources Income is recognised when the Boutton'8 Cottsg8 Hornes Tru$l is legally entilled lo il after any performance conditions have been met, the amounts can b8 measured r81iably, and it Is probable that income will be r8ceived. Rental IEhcomè is crediled to Incoming resources when receivable. Investment Income is Included in Ihe financlal statements as it become5 recelvable or due. Interèst is credited to incomlng resourc6s when receiv8bl6. Donations are Grediled al th8 lime ol receipl. 1.5 Resourcas expended Resources expended ar8 accDunled for on an accruals basss. Cosls of chari18bl& expendilure Indude bolh dirocl and support costs. Governance costs represent bank cha¥ges and the costs of accounllng and independent 8X8minèrfs fees. Expgndilur8 is r8counlsed when incurred.
BOULTON'S COTTAGE HOMES TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl8S Icontlnuedl 1.6 Tanglble flxed assets Tangible fixed assets are Initially measured al co$1 and subsequently measured al cosl or valuallon. nel of depreclalion and any Impalrmenl losses. Freehold propèrties, whlch are held 88 soel81 hoLJsing stock under the Irusl deed. are disclosed as fix6d assets 2nd slated al cost. No depreaation is pT0ed on these Ireehold propertl88 on tha basis IhaE the resiclual value Is not less than the orlglfF81 cost and any d8precialion based on Ihe eslimaled usèful life would be negligible. They were built lor occupallon by the type of beneficiary for whlch the Irusl was created and are thus regarded as cor8 lo the trust. 1.7 Flxed asset InveslmÈnts Fixed assel inveslfflents are initially measurÉd at Iransaotion price excludbng Iransaction costs, and arè subseouenlly measur8d 8t falr value Bt each reporting dale. Changes in lair value arè reeoonised in nel Inoom8llexpendilurel far the year. Transaclion costs are exp8nsed as incurred. Investments are included in the balanco sheet al their market V81u8 al thè yèar end date. 1.8 Impalrment of flxed assets Al each réporting end da18, the BoultOn'5 Coltage Homes Tiust reviaws the cafrying amounts of Ils langibfe and intangible assets lo determine whether Ihere is any indication Ihal Ihose assets have suffered an mpairment loss. If any such indication exists, th8 recovarable amounl ol lh8 asset 15 e5tifftated in order to delèrmine the exlenl of the impairffl2nl loss lil any). Recoveiable amount is the higher of lair value less costs to S811 and value in use. In assessing value in use, the eslimatéd fvlure cash flows are discounted to their present valu8 using a pre-tax discounl rale that reflecls currenl m8Tk8t assessments ol the lime value ol money and the risks specific to the assel lor which the eslimales ol future cash flows have not been 8dlusl8d. 11 Ihe recovorable èmount of an asset Is 8Stimated lo be less than ils GaItng amount, Ihe carrylng 8mounl of Ihe asset is reduced lo ils recoverable amount. An impairmenl Ioss 15 recognised immediately incomel (expenditure lor the ye8r. unless the relev8rn1 sss61 is earned al a Tevalued smount, in which case Ihe Impairment loss is Iieated as 8 r8valuation decr8as8. Recognised imp8lrmenl losses are revers8d il. and only if, th8 reasons for lh8 impaimient loss have ceased to apply. Where an Impairment loss subsequenlty reverses. the carrying amount ol Ihe asset is Increascd lo the revised eslimalp of ils recoverable amount, bvl so Ihat Ihe increased carrying amount doe5 nol exceed thé carryirtg amount that would have bBEn determined had no impkirmenl loss beeri recognised for the asset in prior years. A reversal of an impairm8nl Ioss is recognised immediately. unless the rel6v3nl ass81 is cairi6d14) at a ievaluecl arnounl, In which case Iha reversal of Iha Impairment loss is Ire8led as a revaluation incTe2se. 1.9 Cash and eash equivalents Cash and cash equivalents include cash in hand, deposits hekj at call with banks, olher short-term IiqL*id irkvestmenis wllh original malurilles of Ihree months or less, and bank overdrafts.
BOULTON'S COTTAGE HOMES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlllg polleles Iconllnuedl 1.10 Financlal Instruments The Boullon's Collage Homes Twsl has elecled lo apply Ihe provlsSons of Seclion 11 'Basic Financlal Inslrvmenls, and Secllon 12 '01her Financial Inslrum8nls Issu8s' of FRS 102 Its all ol ils financial inslrumenls. Flnanejal instruments are recognised Ihg Boullon's Collage Homes Trust's balanc8 sheel when Ihe Boulton's Collage Homes TDJSI becoines parly lo th8 contraclltal provisions of the Inslrumenl. Flnancial assets and liabSIilies 8r8 offset, with the net arnounts pr888nled in Ihe financial 51alemenls. wh8n there is a legdlly enforceable right lo sel off the recognised amounis and Ih8r6 18 an intention Its sellle on a nel basis or to fealise the asset and settle the liabilily simullaneousty. B?51c flnanclal assets Basic financial assets, whlch include d8btDrs and cash and bank balances. ale Inlllally measured al Iransacllon price includlng transaction costs and arè subsequently carried al amortlsed ¢osl uslng Ihe effective interest rnglhod unless Ihe arrangement conslitutas 8 financino transaction, wher6 the transaction is measurecf at Ihg present value DI Ihe future receipts discounted 81 a m2rkel rale of Inter881. Financlal 8ssals classified as receivable within one year are nol amortised. BasiG finanGlal Ilabllltles Basic financlal liabilities, including creditors and bank loans are initially recognised al Iransactlon prtce unless the arrangomenl ¢onslllules a financing Irans8ctloH, where the debt instrument Is measured al the present Value ol th8 fulure paymqnls dlscounted at a market rale of int8r8st. Flnancial liabilities classified as payable thin one year ale not amodised. Debt instruments are subsequently carried al amortissd cost. using the effeclive inle¥est ral8 method. Trade creditors are obligations to pay for goods or services Ih81 have been acqulred in the ordinary courso 01 operalions fiofti suppliers. Amounts payable are classified as current liabilities 11 payment is due within ong year 01 18s$. 11 nol, they are presented as fjon-Gurient liabilities. Trad8 creditors 8r8 f6counised inilially al transaction prlce and subsequently measured al amorlised cost using the effective interest method. Derecognltlon of ftlnanGlal liabllltles Financial liabilities are derecognis8d wh8n the Boulton's Coltage Homes Trust's contractual obligations explre or are disBh8rgBol or cancelled. 1.11 Taxatlon The Irusl is exempt from UK 18xallon and VAT. Irrecoverable VAT is cha¥ged against the expenditure headlng for which il was incurred. Crltlcal accounllng estlmales and Judgements In the appllcalion of the Boullon's Collag8 Hornes Trusl's accounling policies, the Iruslee5 are required lo make judgerllonls, eslimales and assumptions about lh8 carry¢ng amount of assets and liabllllles IhBI are not readily apparonl Irotr olhet sources. The eslimales and associated assumplions are based on hlstorical experience and other lactors that are considered lo be relevant. Aclual results may differ from these e&limales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revislons to accounting eslimales are recognlsed In lh8 period in which the estimate is revi58d where the revision affects only thzl period, or irn the period of lh8 rovi3ion and future periods where the revision affects bolh current and lulure periods.
BOULTON'S COTTAGE HOMES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charltablg aclivllle8 Unreslrlcted funds 2024 Unrastrlcted funds 2023 Income Rental income Olh8r inwme 42,180 555 40,743 1,388 42,735 42,131 Inve5tm8nts 2024 2023 Investment income 121,152 94,897 Ralslng funds 2024 2023 ment mana ement 23.540 29,060 23.540 29,060 10.
BOULTON'S COTTAGE HOMES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Charltable activitles 2024 2023 Property repairs and malntenanee Insurances Lelling foos Pr)wpr on unlenanled property Office rates Office telephone Office heal & light Contribution lo office cosls 70.849 3.072 5.328 231 392 158 513 1650 21,707 4,029 5,624 103 364 432 339 {5701 79.893 32,028 Grant ILJnding of aclivllies {soc note 71 Share of govemance costs18ee nole 8 19,000 5,701 2.000 13,136 104,594 47.144 Grants p8yabl6 2024 2023 Grants lo in51ilutions.. Charlès Thompson Misslo Orchards- Church Sl Philip's Church Trust 15,000 4,000 2,000
BOULTON'S COTTAGE HOMES TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 2023 Basls of allocatlon Independènt examlner Independent examiner- olheF seTvices Le981 and prolessional Tru51ees insurance 1,850 1,850 1.850 Governance Governance 1,939 1,939 7.394 1,718 Gov8rnance 2,154 Governance 1,912 1,912 5,701 5,701 13.116 Analysed belwee Charitable aoliviliES 5,701 5,701 13.116 Govèmance costs Includos Independent examinees remuneraEion of £1,850 (2023- £1.8501. Trustoes None of the Iruslees {or any p8r$ons connected with them) received any remun8ralion from the Boulton's Collage Homes TIu5t during the ye81. However, the Trust effled an indemnily insurance poliLy for th8 bènefit ol the Iruslees, al a cost of £1,96212023 - E2,1541. 10 Employees The average rnonthly numb8r of èmployees during the year wa5-. 2024 Number 2023 Number Total 12
BOULTON'S COTTAGE HOMES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Gains and losses on InvtStments Unrestricted Unreslrlcled funds funds 2024 2023 Gainslllossesl 8T4sing on: R8valatron ol Inveslments Sale of Investmenls 383.S34 (110,9781 1127,2631 1123,9791 272,556 1251,242} 12 Taxatlon The chA¥ily is axempl from taxation on ils activities because all ils income is applied lor char¢lable purposes. 13 Tanglble Ilx8d assets Tenanted piopèrlies. ulilised lor social housing under the oblecls ol the Irusl. Cost Al 1 April 2023 258,530 Al 31 March 2024 258,530 Carrylng amount Al 31 March 2024 258,530 Al 31 March 2023 258,530 14 Fixed asset investments L15tèd Unllstéd Inveslment Investments Cash In portfollo Total Cost or valuallon At l Aprll 2023 Addilions Valuation changes Transfer Dlsposals 3.964.048 485,712 371,606 131,775 23.690 1443,5551 4.119.513 42,157 383.533 150.0001 (58.8001 11,927 150,0001 548.197 1604.9971 Al 31 Mar¢h 2024 4,216.369 143,702 76,332 4,436,403 Carrylng amount Al 31 March 2024 4,216,369 143,702 76,332 4.436,403 Al 31 hAarch 2023 3,964.048 131,775 23,690 4,119,513 13-
BOULTON'S COTTAGE HOMES TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 14 Flxed asset Investments Icontlnuedl All inv8Stmènls are carried al Iheir fair value. Tho unlisted Investments comprise funds Inve8t8d in Ihe Charities Offici81 Investment Fund and ale included al th8 bid pTice. The trustees consider Ihal the Gairylng amounts Df financial assets carried al amortlS8d Cost In the financial statem@nts approximate lo Iheii fair values. 15 Flnanclal Ihstrumènts 2024 2023 Carrylng amount of flnancial assets D8bl inslruments measured al amortised cost Equity insl¥iJments measured al cost less Impairmenl 1,828 4.436,403 1,178 4,119,513 Carrylng amount ot tlnanclal113bllltlas Measured al amorlised cost 8,321 8,155 16 Debtors 2024 2023 Amounts falllng due within OEhe year: Other debtors Prepayrnenls and 8ccrued income 1,828 3,326 1,178 3,184 5,154 4,362 17 Other cred51ors falllng duè wlthln one year 2024 2023 Trode cieditois Accnjals and defeT¥ed Incomo 821 5,500 2,655 5,500 6.321 8,155 18 Unre$trlct8d funds The L¢nreslricled funds of th8 charily comprise Ihe unexpended balances of donalion8 2nd grants which are not subject lo specific condilions by donijrs and granlur5 as lo how they may be used. These include deslgn8led funds which have been Sel aside out of unre51ricled funds by the trustees for spocific purposes. At l Aprll 2023 Incomlng resourc8s Rèsourcés expended Galns and Al 31 March lossès 2024 General ftdS 4,437,399 163.887 1128,1341 272,556 4.745.708 14-
BOULTON'S COTTAGE HOMES TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Unreslrlcled funds Icontlnuedl PrgvIou5 year: At 1 April 2022 Incoming resources Resourcos expended Galns and At 31 March lossas 2023 General funds 4.627.817 137,028 176,204) {251,2421 4.437.399 19 Related party transactlons Transactions wllh related partles During th8 year the Boulton's Collage Homes Trus1 entered Inlo the followng Irans8clions wllh relaled parties.. Onè of the pensloner8' bungalows was occupied by hvo Df th8 Irdst88s. Mf F P Gopsill and Mrs J R Gop8ill, during the year. Rent was payab18 31 th8 r81è 01 £350 per monlh for two months and £367 lor len months, 8 lotal of £4,37212023- 4.Q041 During the year, the TTUSI 8ff8Ct6d an indemnity insLfranc8 policy for the Irustees. al a cost of £1,962. During the year the trust received a ctsntribulion of £650 12023 £5701 Icom A H Boullon Trust againsl the offic8 wnning Cst$ with regard lo serwcing Ihe properlies owned by the Iwsl 15-