2023-03-31-accounts

Grants to Charitable Organisations	FY2022/23	FY2021/22	FY2020/21	FY2019/20	FY2018/19
Number ofapplications considered	14	12	14	18	15
Total amount offunds requested	833,981	f57,840	553,551	640,720	F36,516
Number ofgrants awarded	12	10(including extraordinary	9(including extraordinary	13	10
		grant	rant
	829,961	653,000	f41,026	623,850	F18,120
Amount ofgrants			(including
awarded			extraordinary
			rant)
Extraordinary grant		830,000	f20,000
Percentage of
applications awarded		83%	64%	72%	66%
rants
Average grant size (excluding	82,497	E2,555	62,628	61,834	F1,812
extraordinary grants)

					Permanent
				Notes	Endowment	Income	Total	Total
					fund	funds	2023	2022
					F	6	F	5
Income
Investment income						70,221	70,221	65,319
Total income						70,221	70,221	65319
Expenditure
Costs ofraising funds Investment management		costs		3	~45.075		~15.075	~15751
Expenditure on charitsb/e		activities
Grant making
Grants committed Grant related support/governance			costs	4/16 4/5/6		(40,551) ~13.58D	(40,551) ~13,580	(63,621) ~13,4\8
						~64,131	~54, 131	~77067,
Totalexpenditure					~15,075	~04131	~69206	~02 821
Net (losses)/gains	on investments			11	(159,775)	(40,565)	(200,340)	197,190
Net income/(expenditure)					(174,850)	(24,475)	(199,325)	169,688
Reconciliation of	funds
Total funds brought	forward				3,115,753	614,325	3,730,078	3,560,390
Total funds carried	forward			15	2,940,903	589,850	3,530,753	3,730,078

The amount committed in the	year c	omprises:
			2023	2022
			f	8
3grants to former employees	ofthe	family ofthe settlor (2022:3)	10,590	10,621
12grants to charitable organisations		(2022: 10)	29,961	63000
Support costs (note 5/6)				6,467
Governance costs (note 5/6)				6,979
			13,580	13,446
			64131	77067

Charitable A	ctivities is shown	in the table below:
Cost Type		Total	Governance	Support	Basis of
		Allocated		Costs	Apportionment
			5
Staff costs		7,036	1,055	5,981	Staff time
Office rental	and costs	1,188	119	1,069	Staff time/usage
Professional	fees	25		25	Staff time/usage
Sundry costs		397	60	337	Staff time/usage
		9,646	1,234	7,412
					2023	2022
Governance	costs				8
Independent	examination				900		805
Travel and meeting costs					140		160
Legalfees					3,894	4,980
Staff costs					1,055		924
Office rental and costs					119		110
Sundry costs					60
					6,168	6,979

Miss M M Scott is also a trustee ofFrancis	C Scott Charitable Trust. T	he staff	costs re-	char
	2023		2022
	f
Salaries	5,901		5,043
Social security costs		583		524
Pension costs		552		480
	7	036	6,047

				Permanent
				Endowment	Income	Total
				fund	funds	2022
				6	5	5
Income
Investment income					65,319	65,319
Total income					65,319	65,319
Expenditure
Costs ofraising funds Investment management		costs		~75,575	~244	~15,754
Expenditure on charitable		activities
Grant making
Grants committed Grant related support/governance			costs		(63,621) ~13,446	(63,621) ~13.446
					77,067	77,067
Total expenditure				15,510	77,311	92,821
Net profits/(losses)	on investments			171,290	25,900	197,190
Net income/(expenditure)				155,780	13,908	169,688
Reconciliation of	funds
Total funds brought	forward			2,959,973	600,417	3,560,390
Total funds carried	forward			3,115,753	614,325	3,730,078

						Permanent
						Endowment	Income	Total
						fund	funds	2022
						E		F
Fixed assets
Investments
- Endowment		fund				3,119,577		3,119,577
-Income	Invested		Fund				571,730	571,730
						3,119,577	571,730	3,691,307
Current assets
Cash							52,657	52,657
Debtors							223	223
							52,880	52,880
0 dtt:0 t I It gd Net current (liabilities)/assets					Itdt	7:~3,824 ~3,824	10,285 42,595	14,109 38,771
7 t I	I	I		tlt 06tt		3,115753	614.325	3730078
Creditors:	Amounts		falling due after more
than one	year
Total net assets						3,115,753	614,325	3,730,078
Funds						3115753	614325	3730078

11	Investments
	a) Endowment fund
						2023 6	2022f
	Market value at beginning		ofyear			3,105,217	2,925,371
	Acquisitions at cost					1,087,291	1,165,059
	Disposal proceeds Net (losses)/gains on revaluation					(1,097,712) ~159,775	(1,156,503) 171,290
	Market value at end ofyear					2,935,021	3,105,217
	Uninvested cash and settlements			pending		9,597	14,360
						2 944 618	3 119577
	Investments at market value comprise
						2023	2022
						f
	Fixed interest					288,523	280,506
	Multi-asset					717,702	802,759
	Alternative investments					153,664	178,483
	Global equities					973,520	900,639
	UK equities					338,342	441,792
	Overseas equities					463,270	501,038
						2,935,021	3,105,217
	Historical cost at end ofyear					2 194030	2208 389
	b) Income invested	fund
						2023	2022
						6	6
	Market value at beginning		ofyear			567,482	568,197
	Acquisitions at cost
	Disposal proceeds Net (losses)/gains on revaluation					~40.665	(26,615) 25,900
	Market value at end	ofyear				526,917	567,482
	Uninvested cash and	other settlements			pending	4 248	4,248
						531,165	571,730
	Investments at market value		comprise
						2023	2022
	Multi-asset					526,917	567,482
	Historical cost at end	ofyear				302,085	302,085

		2023 f	2022f
Material Investments	are:
Carvetian Generation	Fund	1,131,067	1,218,142
Stramongate SA Shares		521.945	524,030

12	Cash				2023 f		2022f
	Cash at bank				36,148		22,247
	Fund manager				30,424		30,394
	COIF						16
					66	572	52667
13	Debtors				2023 f		2022f
	Income Funds
	Prepayments	and accrued		income		169	223
14	Creditors:	Amounts	falling due within one year
					2023		2022f
	Income Funds
	Grants payable						3,000
	Accruals				8,056		7,285
					8,056		10,285
	Permanent	Endowment		Funds
	Accruals				3,715		3,824
					11.771		14,705

15	Analysis offund	movements	movements
				Balance at	Incoming		Resources		Loss on	Balance at
				31stMarch	resources		expended		investments	31stMarch
	Permanent Endowment Income Funds Income Invested Fund Income reserves		Fund	2022f 3,115,753 561,239 53,086	f ~5,075 ~759,775 (40,565) 7D221 ,~ -					2023 294D 903 520,674 69.176
				614,325	70,221		(54,131)		(40,565)	589,850
				3,730,078	D,	1	~69,206		~200,340	3,530, 3
	The restrictions imposed		and the purpose ofeach		fund is set out		in accounting	policy	note 1(f)on	page 12.
				Balance at	Incoming		Resources		Gain on	Balance at
				31stMarch	resoumes		expended		investments	31stMarch
				2021						2022
				f.					f
	Permanent Endowment		Fund	2,959 973			~15510		171290	3115 3
	Income Funds
	Income Invested Income reserves	Fund		572,227 28,190	65,319		(36,888) ~40.423		25,900	561,239 ~3D96
				6D0,417	65,319		(77,311)		25,900	614,325
				3.58D,390	85 319		~92,6		9, 90	3,73D,075
16	Schedule ofGrants Committed
									2023f	2022f
	Charitable Organisations
	Benedetti Foundation								3,000
	Birtenshaw								1,500
	Bolton Lads 8 Girls Club								3,000
	Bolton Community	Kitchen								1,500
	Bolton CVS								3,000
	Bolton Deaf Society									3,000
	Bolton Guild of Help								3,000	3,0DO
	Bolton Lions Club								3,000
	Bolton YMCA									30,000
	Christians Against	Poverty	(Horwich)							3,000
	Church Homeless	Trust								2,000
	Create Bolton								2,000
	DeafBlind UK								1,387
	Famworth Baptist	Church							3,000
	Fortalice Ltd									3,000
	Hafway									3,000
	High Hopes For Halliwell								1,574	1,500
	Reach Family Project								3,000	3,000
	Youth Leads UK								2,50D
									29,961	53,000
	Individuals
	Payments made to former		employees	ofmembers	ofthe family ofthe Settlor				10,590	10,621
									0,5 1	63.