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|More than 80% of the charities|More than 80% of the charities|who applied|to the Trust for funding|to the Trust for funding|to the Trust for funding|in the year|were successful|were successful|in|
|---|---|---|---|---|---|---|---|---|---|
|receiving
s grant,
albeit|not always
to the||level requested.|The||table
below|ifiustrates
how||this|
|compares to the previous|four|years.
Ths range of beneficiaries|||in|this year were as varied||as ever||
|(please see note 16on page 19for details).||||||||||
|Grants to Charitable
Organ(aetio ns||FY2021/22|FY2020I21|||FY2019/20|FY2918/19|FY201TI18||
|Number ofapplications
considered||12|14|||18|15||20|
|Total amount offunds
uested||f57,840|f53,551|||f40,720|f36,516||f97,316|
|Number ofgrants awarded||10(including
extraordinary|9(including
extraordinary|||13|10|12(including
extraordinary||
|||rant|rant||||||grant|
|Amount ofgrants swarded||f53,000|E41,026
(induding
extraordinary|||E23,850'|E18,120||E16,678|
||||rant|||||||
|Extraordinary
grant||f30,000|||||||f30,000|
|Percentage ofapplications
awarded
rants||83%||||72%d|66%||60%|
|Average grant size (exduding
extraordinary
grants)||E2,555|E2,628|||E1,834|E1,812||E1,516|
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||||||||Permanent||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Endowment|Income|Total|Total|
|||||||Notes|fund|funds|2022|2021|
||||||||F|8|5|E|
|Fixed assets|||||||||||
|Investments|||||||||||
|- Endowment||fund||||11a|3,119,577||3,119,577|2,963,684|
|- Income invested|||fund|||11b||571,730|571,730|570,918|
||||||||3,119,577|571,730|3,691,307|3,534,602|
|Current assets|||||||||||
|Cash||||||12||52,657|52,657|45,759|
|Debtors||||||13||223|223||
|||||||||52,880|52,880|45,759|
|Creditors:
Net current|Amounts
falling due within one year
(liabilities)/assets|||||14|~3824)
~3,624|~70,285
42,595|~74,700
38,771|~19,971
25,786|
|Total assets||less|current||liabilities||3,115,753|614,325|3,730,078|3,560,390|
|Creditors:|Amounts|||falling|due after more||||||
|than one|year||||||||||
|Total net assets|||||||3,115,753|614,325|3,730,078|3,560,390|
|Funds||||||15|3,115,753|614,325|3,730,078|3,560,390|
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|||||Permanent|||||
|---|---|---|---|---|---|---|---|---|
|||||Endowment||Income||Total|
|||||fund
K||funds
f||2021f|
|Income|||||||||
|Investment
Income||||||58,372||58,372|
|Total Income||||||58,372||58,372|
|Expendkure|||||||||
|Costs ofraising funds
Investment
management||costs||~44, 404|~430||~40234||
|Expenditure
on cbarilsbis||activities|||||||
|Gmnt making|||||||||
|Grants committed
Grant related support/governance|||costs|||(52,738)
. 7604|(52,738)
~42 046||
|||||||70,684||70,684|
|Total expenditure||||~14.104||70,814||&4,918|
|Net profrtsf(losses)|on investments|||459,619||114,640||574,259|
|Net income/(expenditure)||||445.515||102,198|547,713||
|Reconcglatlon
of|funds||||||||
|Total funds brought
Total funds carried|forward
forward|||2,514,458
2009973,|.|498,219
600417|3012677
3.
D, 9D||
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##
|11|Investments|||||||
|---|---|---|---|---|---|---|---|
||a) Endowment
fund|||||||
|||||||2022|2021|
|||||||2|2|
||Market value at beginning||ofyear|||2,925,371|2,262,858|
||Acquisitions
atcost|||||1,165,059|1,002,801|
||Disposal proceeds|||||(1,156,503)|(799,907)|
||Net (losses)/gains
on revaluation|||||171,290|459,619|
||Market value at end|ofyear||||3,105,217|2,925,371|
||Uninvested
cash and|settlements||pending||14,360|38,313|
|||||||3.119577|2,963,684|
||Investments
at market value comprise|||||||
|||||||2022|2021|
|||||||2|2|
||Fixed interest|||||280,506|163,187|
||Multi-asset|||||802,759|835,042|
||Alternative
investments|||||'l78,483|117,960|
||Global equities|||||900,639|824,428|
||UK equities|||||441,792|538,317|
||Overseas equities|||||501 038|446,437|
|||||||3,105,217|2,925,371|
||Historical cost at end|otyear||||2.200 309|2,080,359|
||b) Income invested
tund|||||||
|||||||2022|2021|
|||||||2|2|
||Market value at beginning||ofyear|||568,197|475,780|
||Acquisitions
at cost|||||||
||Disposal proceeds|||||(26,615)|(22,223)|
||Net (losses)/gains
on|revaluation||||25,900|114040|
||Market value at end|ofyear||||567,482|568,197|
||Uninvested
cash and|other settlements|||pending|4240|2,721|
|||||||571,730|570,918|
||Investments
at market value||comprise|||||
|||||||2022|2021|
||Multi-asset|||||567,482|568,197|
||Historical cost at end|of year||||302,085|315,577|
##
##
##
|All Investments
investments.|are ei|th|er listed|on UK orov|erseas st|ock exchanges,
or valu|ed
by retersnce to s|
|---|---|---|---|---|---|---|---|
|||||||2022
2|2021f|
|Material Investments||are:||||||
|Carvetlan
Generation|||Fund|||1,218,142|1,191,823|
|Stramongate|SA Shares|||||524,030|521,945|
|The Trustees|conskkrr||individual|investmerri|holdings|in excess of514ofthe|portfolio value to be|
|materiaL||||||||
|'l2|Cash||||2022|2021|
|---|---|---|---|---|---|---|
||||||2|2|
||Cash at bank||||22,247|7,556|
||Fund manager||||30,394|38,187|
||COIF||||16|16|
|13|Debtors||||2022|2021|
||||||2|2|
||Income Funds||||||
||Prepayments|and accrued||income|||
|14|Creditors:|Amounts|falling due within one year||||
||||||2022
2|2021f|
||Income Funds||||||
||Grants payable||||3,000|3,000|
||Accruals||||7,285|13,260|
||||||10,285|16,260|
||Permanent|Endowment||Funds|||
||Accruals||||3,824|3,711|
##
##
|15|Analysis offund movements|Analysis offund movements|Analysis offund movements||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Balance at|Incoming|Resources||Gain on|Balance al||
|||||31stMarch|resources|expended||Investments|31stMarch||
|||||2021||||||2022|
||Permanent
Endowment|Fund||2
2959 973|6|2
~5||2
000|3|2|
||Income Funds
Income Invested
Fund
Income reserves|||572,227
600,417
0,5
300|65,319
05|(36,888)
~00
(77,311)
~||25,900
-
25,900
. 00|561,239
. 80
614,325
.58.||
||The restrictions
imposed|and the purpose of each|||fund is set out in accounting
pohcy|||note 1(f)on|page|12.|
|||||Balance al|Incoming|Resources||Gain on|Balance st||
|||||31stIdmch|resources|expended|Invssbnents||31stMarch||
|||||2020||||||2021|
|||||2|2|2||2||2|
||Permanent
Endowment|Fund||2514458||||5||0|
||Income Funds||||||||||
||Income Invested
Fund
Income reserves|||484,605||(27,018)||114,640||572,227|
|||||498,219|58,372|(70,814)||114,640||600,417|
|16|schedule ofGrants Committed||||||||||
|||||||||2022||2021|
||Charitable
Organlsations|||||||2||2|
||Bolton Lads &Girls Club
Bolton Community
Kitchen
Bolton CVS
Bolton Deaf Society
Bolton Guild of Help
Bolton Solidarity Community
Sollon YMCA||Association|||||1,500
3,000
3,000
30.000||5,776
20,000
3,000
3,000|
||Christians
Against Poverty
Christians
Against Poverty
Church Homeless
Trust
Deafglind
UK
Fortslice Ltd
Good Companions
Hafway
High Hopes For Halliwell|
|(Horwich)
(Hslliwell)|||||3,000
2,000
3,000
3,000||2,500
1,500
1,000
2,000
2,250|
||Reach Family Project|||||||3,000|||
||lrrdlvldvsfs|||||||53,000||41,026|
||Payments
made to former|employees||of members|ofthe family cfthe Settlor||~10621||~II 712||
|||||||||63,621|~52738||