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2022-12-31-accounts
Trustees K LActon
A Chapman
A R Cox
K L Hodgkiss
C MaxwelPHodkinson
JSTopolinski
SG Wilson
Chairman K L Hodgkiss
Deputy Chairman A Chapman
Clerk AC Fletcher
Charity number 252371
Principal office 9Chorley New Road
Bolton
BL14QR
Independent examiner Simon Worswick BAFCA
RP Smiih &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 8 Co
Exchange House
39Knowsley Street
Bury
BL9OST
Page
Trustees report 1-2
Independent
examiner's		 report
Statement of financial activities
Balance sheet
Notes to the accounts 6-16

Unrestricted Endowment Total Total
Funds Funds 2022 2021
Notes
Income and endowments from:
Income from investments 71,429 71,429 69,604
Other income 242 242 307
Total income 71„671 71,671 69,911
Expenditure
on:
Investment
management		 costs 1,200 1,200 945
Chaditable
activities		 58,007 58,007 58,649
Total expenditure 59,207 59,207 59,594
Net income Iexpenditure 12,464 12,464 10,317
Gains (Losses) on investment assets
On disposal 17 (601) (601) (20,041)
On revaluation (143,246) (12,403) (155,649) 171,837
Net movement
in funds		 (131,383) (12,403) (143,'786) 162,113
Fund balances at 1 January 2022 1,828,633 97,778 1,926,411 1,764,298
Fund balances at 31 December 2022 1,697,250 85,375 1,782,625 1,926,411
NOTES 2022 2021
Fixed Assets
Investments 1,684,594 1,847,681
Total Fixed Assets
Current Assets
Debtors 10 3,300
Cash at Bank and in Hand 99,051 76,72?
99,051 80,027
Current
Liabilities
Creditors 12 (1,020) (1,297)
Net Current Assets 98,031 78,730
Total Net Assets 1,782,625 1,926,411
The Funds ofthe Charity
Endowment
Funds		 13 85,375 97,778
Unrestricted
Funds		 13 1,697,250 1,828,633
Total Charity Funds 1,782,625 1,926,411

2 Investment
income
2022 2021
Income from listed investments 71,419 69,603
Interest receivable 10
71,429 69,604
3 Other income
2022 2021
Compensation
from		 Royal bank of Scotland shares 242 307
VAT refunded
on safe custodian fees
242 307
4 Employees
IKey Personnel
The average
monthly		 number ofemployees during the year was: 2022 2021
Number Number
Lecturer 1 1
Employment
costs		 2022 2021
Wages and salaries 26,860 26,463
Pension costs 9,266 10,024
Relocation and resettlement costs 1,906
36,126 38,393
There were no employees
whose annual		 remuneration was f60,000 or more.
5Expenditure
on charitable		 activities
2022 2021
Costs relating to charitable activities comprise:
Investment
management
costs		 1,200 945
Lecturer's
Stipend (note 4)		 36,126 38,393
Grant towards
living		 expenses of Lecturer (note 6) 14,335 13,200
Clerk's fee 6,500 6,000
Independent
Examiner's fee		 1,020 1,056
Bank charges 20
Sundry expenses
59,207 59,594

Grants payable
2022 2021
Grants to institutions relating to Lecturer's living expenses comprise:
The Parish Church ofthe Ecclesiastical Parish ofSt Peter' s, Bolton-le-Moors 14,335 13,200

9Fixed asset investments
Unrestricted
Fund		 Endowment
Fund		 Total
UK listed investments
Market value at 1 January 2022 1,749,904 97,777 1,847,681
Acquisitions
atcost		 30,279 30,279
Disposals at opening book value (43,390) (43,390)
Change
in value in the year		 (137,573) (12,403) (149,976)
Market value at 31 December 2022 1,599,220 85,374 1,684,594
Historical cost:
At 31 December 2022 1,056,152 80,838 1,136,990
At 31 December 2021 1,063,589 80,838 1,144,427
10Debtors
2022 2021
Taxes recoverable
Prepayments
and accrued income		 3,300
3,300
11Cash at bank
Unrestricted
Funds		 Endowment
funds		 Total
Royal Bank of Scotland 2,217 2,217
James Sharp &Co 96,833 96,834
99,050 99,051

December 2022 December 2021 December 2020
Discount rate n/a P P%pa 0.2%pa
Price inflation n/a 3.1%pa
Increase to total pensionable payroll n/a -1.5%pa 1.6%pa

16Comparatives
for 2021		 16Comparatives
for 2021
Statement of Financial Activities
Unrestricted Endowment Total
Funds Funds 2021
f
Income and endowments from:
Income from investments 69,604 69,604
Other income 307 307
Total income 69,911 69,911
Expenditure
on:
Investment
management		 costs 945 945
Charitable
activities		 58,649 58,649
Total expenditure 59,594 59,594
Net income Iexpenditure 10,317 10,317
Gains (Losses) on investment assets
On disposal (15,086) (4,955) (20,041)
On revaluation 162,947 8,890 171,837
Net movement
in funds		 158,178 3,935 162113
Fund balances at 1 January 2021 1,670,455 93,843 1,764,298
Fund balances at 31December 2021 1,828,633 97,778 1,926,411
Fixed asset investments
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 31December 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


Cash at bank
Unrestricted
Funds		 Endowment
funds		 Total
Roya I Bank ofScotland (2,009) (2,009)
James Sharp &Co 78,735 78,736
76,726 76,727
Analysis 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 on revaluations in year 162,947 8,890 171,837
Unrealised
gains at		 31 December 2021 686,314 16,940 703,254
Movement
in funds
Balance at Movement in funds Balance at 31
1 January
2021		 Income Expenditure Gains / December
2021
f Losses f f
Endowment
Fund		 93,843 3,935 97,778
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

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