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2021-12-31-accounts

Trustees K LActon
A Chapman
A RCox
K L Hodgkiss
C Maxwell-Hodkinson
JSTopolinski
SGWilson
Chairman K LActon
Deputy Chairman A Chapman
Clerk A C Fletcher
Charity number 252371
Principal office 9Chorley New Road
Bolton
BL14QR
Independent examiner Simon Worswick BAFCA
RP Smith &Co Limited
Hamill House
112-116Chorley New Road
Bolton
BL14DH
Bankers The Royal Bank ofScotland pic
46-48 Deansgate
Bolton
BL1 1BH
Investment advisors James Sharp &Co
Exchange House
39Knowsley Street
Bury
BL9OST
Page
Trustees report 1-2
Independent
examiner's		 report
Statement offinancial activities
Balance sheet
Notes to the accounts 6-17

Unrestricted Endowment Total Total
Funds Funds 2021 2020
Notes f f
Income and endowments from:
Income from investments 69,604 69,604 64,780
Other income 307 307 1,246
Total income 69,911 69,911 66,026
Expenditure
on:
Investment
management		 costs 945 945 935
Charitable
activities		 58,649 58,649 33,549
Total expenditure 59,594 59,594 34,484
Net income Iexpenditure 10,317 10,317 31,542
Gains (Losses) on investment assets
On disposal 17 (15,086) (4,955) (20,041) (35,546)
On revaluation 17 162,947 8,890 171,837 (115,145)
Net movement
in funds		 158,178 3,935 162,113 (119,149)
Fund balances at 1 January 2021 1,670,455 93,843 1,764,298 1,883,447
Fund balances at 31 Oecember 2021 1,828,633 97,778 1,926,411 1,764,298
NOTES 2021 2020
Fixed Assets
Investments 1,847,681 1,682,583
Total Fixed Assets
Current Assets
Debtors 10 3,300 149
Cash at Bank and in Hand 76,727 83,172
80,027 83,321
Current Liabilities
Creditors 12 (1,297) (1,606)
Net Current Assets 78,730 81,715
Total Net Assets 1,926,411 1,764,298
The Funds ofthe Charity
Endowment
Funds		 13 97,778 93,843
Unrestricted
Funds		 13 1,828,633 1,670,455
Total Charity Funds 1,926,411 1,764,298

2 Investment income
2021 2020
Income from listed investments 69,603 64,780
Interest receivable
69,604 64,780
3Other income
2021 2020
Compensation from Royal bank ofScotland shares 307 682
VAT refunded on safe custodian fess 564
307 1,246
4 Employees IKey Personnel
The average
monthly		 number ofemployees during the year was:
2021 2020
Number Number
Lecturer 1 1
Employment costs 2021 2020
Wages and salaries 26,463 13,727
Social security costs
Pension costs 10,024 3,846
Relocation and resettlement costs 1,906 6,192
38,393 23,765
There were no employees whose annual remuneration was 660,000or more.
5Expenditure on charitable activities
2021 2020
Costs relating to charitable
activities comprise:
Investment
management		 costs 945 935
Lecturer's
Stipend (note		 4) 38,393 23,765
Grant towards living expenses of Lecturer (note 6) 13,200 3,000
Clerk's fee 6,000 5,800
Independent Examiner's fee 1,056
59,594 34,484

Grants payable
2021 2020
Grants to institutions relating to Lecturer's living expenses comprise:
The Parish Church ofthe Ecclesiastical Parish ofSt Peter' s, Bolton-le-Moors 13,200 3,000

Unrestricted
Fund		 Endowment
Fund		 Total
UK listed investments
Market value at 1 January 2021 1,588,741 93,842 1,682,583
Acquisitions
at cost		 205,829 32,531 238,360
Disposals at opening book value (184,586) (30,422) (215,008)
Change
in value in the year		 139,920 1,826 141,746
Market value at 31 December 2021 1,749,904 97,777 1,847,681
Historical cost:
At 31 December 2021 1,063,589 80,838 1,144,427
At 31 December 2020 1,065,373 85,792 1,151,165
10Debtors
2021 2020
Taxes recoverable 149
Prepayments
and accrued income		 3,300
3,300
11Cash at bank
Unrestricted
Funds		 Endowment
funds		 Total
Royal Bank ofScotland (2,009) (2,009)
James Sharp &Co 78,735 78,736
76,726 76,727

12Creditors
2021 2020
Accruals 1,297 1,606
13Movement in funds
Balance at Movement in funds Balance at 31
1 January
2021		 Income Expenditure Gains
/		 December
2021
(Losses)
Endowment Fund 93,843 3,935 9/,778
Unrestricted Fund 1,670,455 69,911 (59,594) 147,861 1,828,633
Total Funds 1,764,298 69,911 (59,594) 151,796 1,926,411
14Analysis ofnet assets between funds
Unrestricted
Funds		 Endowment
funds		 Total
Fund balances at 31 December 2021 are represented by:
Investments 1,749,904 97,777 1,847,681
Current assets 80,026 80,027
Creditors: amounts falling due within one year (1,297) (1,297)
1,828,633 97,778 1,926,411
Unrealised
gains included above:
On investments 686,314 16,940 703,254
Reconciliation ofmovements in unrealised gains
Unrealised
gains at 1 January		 2021 523,367 8,050 531,417
Net gains/(losses) on revaluations in year 162,947 8,890 171,837
Unrealised
gains at 31 December 2021		 686,314 16,940 703,254

ecovery contributions
(as a percentage
of pensiona		 ble
stipends) are as set out in the table belo		 w.
%ofpensionable
stipends		 January 2018to
December 2020		 January 2021to
December 2022
Deficit repair contributions 11 9o/
2021 2020
Balance sheet liability at 1 January 6,000
Deficit cantributian
paid		 -2,000 -1,000
Interest cost (recognised in SoFA)
Remaining
change to the		 balance sheet liabflity* (recognised in SoFA) 4,000 -5,000
Balance sheet liability at 31 December 2,000
December 2021 December 2020 December 2019
Discount rate 0.0%pa 0.2%pa 1.1%pa
Price inflation n/a 3.1%pa 2.8%pa
Increase to total pensionable payroll -1.5%pa 1.6%pa 1.3%pa

16Comparatives
for 2020		 16Comparatives
for 2020
Statement of Financial Activities
Unrestricted Endowment Total
Funds Funds 2020
6 6
Income and endowments from:
income from investments 64,780 64,780
Other income 1,246 1,246
Total income 66,026 66,026
Expenditure
on:
Investment
management		 costs 935 935
Charitable
activities		 33,549 33,549
Total expenditure 34,484 34,484
Net income Iexpenditure 31,542 31,542
Gains (Losses) on investment assets
On disposal (38,564) 3,018 (35,546)
On revaluation (106,881) (8,264) (115,145)
Net movement
in funds		 (113,903) (5,246) (119,149)
Fund balances at 1 January 2020 1,784,358 99,089 1,883,447
Fund balances at 31December 2020 1,670,455 93,843 1,764,298
Fixed asset investments
Unrestricted
Fund
Endowment
Fund		 Total
UK listed investments
Market value at 1 January 2020 1,729,286 99,068 1,828,354
Acquisitions
at cost		 46,002 17,553 63,555
Disposals at opening
book		 value (45,576) (17,416) (62,992)
Change
in value in the year		 (140,971) (5,363) (146,334)
Market value at 31 December 2020 1,588,741 93,842 1,682,583
Historical cost:
At 31 December 2020 1,065,373 85,792 1,151,165
At 31 December 2019 1,099,038 82,754 1,181,792

16Comparatives
fo
Cash at bank		 r 202 0 continued
Unrestricted
Funds		 Endowment
funds		 Total
Royal Bank ofScotland (7) (7)
James Sharp 8 Co 83,178 83,179
83,171 83,172
Analysis
ofnet assets between funds
Unrestricted
Funds		 Endowment
funds		 Total
Fund balances at 31 December 2020 are represented by:
Investments 1,588,741 93,842 1,682,583
Current assets 83,320 83,321
Creditors: amounts falling due within one year (1,606) (1,606)
1,670,455 93,843 1,764,298
Unrealised
gains included		 above:
On investments 523,367 8,050 531,417
Reconciliation
ofmovements
in unrealised		 gains
Unrealised
gains at		 1 January 2020 630,248 16,314 646,562
Net gains on revaluations in year (106,881) (8,264) (115,145)
Unrealised
gains at		 31 December 2020 523,367 8,050 531,417
Movement
in funds
Balance at Movement in funds Balance at 31
1 January
2020		 income Expenditure Gains I December
2020
f Losses
6		 6
Endowment
Fund		 99,089 (5,246) 93,843
Unrestricted
Fund		 1,784,358 66,026
(34,484)		 (145,445) 1,670,455
Total Funds 1,883,447 66,026
(34,484)		 (150,691) 1,764,298

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