2020-12-31-accounts - Dr And Mrs Chadwick's Charity

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Mrs D P Abbott
Canon Dr C Bracegirdle
Miss EGelling
Mrs K Hodgkiss
Mr P d'A Liptrott
Mr I Tomkin
Mr P d'A Liptrott
MrSJWorswick
254012
Barlow Andrews	LLP
Carlyle House
78Chorley New	Road
Bolton
BL14BY
The Royal Bank	ofScotland Pic
24 Deansgate
Bolton
BL1 1BN
Fieldings Porter
Silverwell House
Silverwell Street
Bolton
BL11PT
RPS Housing Limited
Hamill House
112-116Chorley	New Road
Bolton
BL14DH

		Page
Trustees' report		1-3
Independent auditor's	report	4-6
Statement of financial	activities
Balance sheet
Statement ofcash flows
Notes to the accounts		10-20

				Unrestricted	Designated	Endowment	Total	Total
				Funds	Funds	Funds	2020	2019
			Notes	6	8	8	6	6
Income and endowments	from:
Income from investments				842			842	1,724
Charitable activities				509,118			509,118	495,036
Total income				509,960			509,960	496,760
Expenditure on:
Charitable activities				221,613			221,613	302,537
Donation				200,000			200,000	200,000
Total expenditure				421,613			421,613	502,537
Net income Iexpenditure				88,347			88,347	(5,777)
Realised Gains (Losses) on
investments
Unrealised Gains (Losses) on
investments					12,883		12,883	23,423
Revaluation oftangible fixed		assets		45,726		525,480	571,206	284,574
Transfers between funds
Net movement in funds				134,073	12,883	525,480	672,436	302,220
Fund balances at 1 January		2020		1,370,915	131,632	10,081,779	11,584,326	11,282,106
Fund balances at 31December 2020				1,504,988	144,515	10,607,259	12,256,762	11,584,326

			2020	2020	2019	2019
		Notes
Fixed Assets
Tangible assets		13		11,660,661		11,089,455
Investments				144,515		131,632
				11,805,176		11,221,087
Current Assets
Debtors			13,258		12,916
Cash at Bank and in Hand		12	467,736		385,939
			480,994		398,855
Current Liabilities
Crediiors		10	(29,408)		(35,616)
Net Current	Assets			451,586		363,239
Total Net Assets				12„256,762		11,584,326
The Funds	ofthe Charity
Endowment	Funds	15	660,570		660,570
Endowment	Funds Revaluation	Reserve	9,946,689	10,607,259	9,421,209	10,081,779
Designated	Funds	15	74,443		74,443
Designated	Funds Revaluation	Reserve	70,072	144,515	57,189	131,632
Unrestricted	Funds	15	1,112,027		1,023,680
Unrestricted	Funds Revaluation	Reserve	392,961	1,504,988	347,235	1,370,915
Total Charity Funds				12,256,762		11,584,326
The accounts were a prove		by the Trustees on .Pk.+/7~.........9'.2......

							2020	2019
						Notes
Cash flows from operating		activities
Cash generated from operations						16	80,955		(7,399)
Investing	activities
Proceeds	from sale ofinvestment
Purchase	ofinvestments
Investment	interest received						842	1,724
Net cash	(used in)l generated		from investing		activities		842		1,724
Net increase/(decrease) in		cash		and cash equivalents			81,797		(5,675)
Cash and	cash equivalent brought			forward			385,939		391,614
Cash and	cash equivalent	carried forward					467,736		385,939

2 Investment income
					Total	Total
					2020	2019
Interest receivable					842	1,724
3Income from charitable		activities
					Total	Total
					2020	2019
Rents					509,118	495,036
4 Expenditure on charitable			activities
					2020	2019
Costs relating to charitable		activities		comprise:
Legal and professional	fees				7,799	11,221
Structural survey reports						575
Ground rent					158	162
Property valuation fee					300	300
Insurance					31,111	30,111
Unoccupied house expenses					265	1,140
Agent commission					63,553	61,615
Repair and maintenance	(Unrestricted			Fund)	105,478	184,867
Postage and stationery					399	178
Secretary's fee					8,994	8,916
Auditor's remuneration					3,354	3,330
Sundry expenses					192	105
Bank charges					10	17
					221,613	302,537

5Donations	payable
			2020	2019
Donations to	institutions:
The Chadwick	Educational	Foundation	200,000	200,000

9Debtors
			2020	2019
Prepayments and accrued income			13,258	12,916
10Creditors
			2020	2019
Trade creditors
Accruals and deferred		income	29,408	35,616
			29,408	35,616
11Fixed asset investments
				Designated
				Income
				Investments
COlf Accumulation	Shares
Market value at 1 January 2020				131,632
Disposals at opening	book value
Acquisitions at cost
Change in value in the		year		12,883
Market value at 31	December 2020			144,515
Historical cost;
At 31 December 2020				74,443
At 31 December 2019				74,443

12Cash at	bank and in han	d
			Unrestricted	Designated	Endowment
			funds	funds	funds	Total
Royal Bank	ofScotland Pic		265,360			265,360
Furnass Building Society			202,368			202,368
Cash
			467,736			467,736
13Tangible	fixed assets
Freehold land &buildings
		Shorthold	Protected	Shorthold	Protected
		Tenancies	Tenancies	Tenancies	Tenancies
		Endowment	Endowment	Unrestricted	Unrestricted	Total
		Fund	Fund	Fund	Fund
Cost &valuation
At 1 January	2020	3,925,602	205,992			4,131,594
Additions
Revaluation		235,059	6,792			241,851
Transfers		68,664	(68,664)
At 31December 2020		4,229,325	144,120			4,373,445
At 31 December 2019		3,925,602	205,992			4,131,594
Leasehold	land &buildings
		Shorthold	Protected	Shorthold	Protected
		Tenancies	Tenancies	Tenancies	Tenancies
		Endowment	Endowment	Unrestricted	Unrestricted	Total
		Fund	Fund	Fund	Fund
Cost &valuation
At 1 January	2020	4,474,107	1,476,078	890,946	116,730	6,957,861
Additions
Revaluation		217,647	65,982	39,906	5,820	329,355
Transfers
At 31 December 2020		4,691,754	1,542,060	930,852	122,550	7,287,216
At 31 December 2019		4,474,107	1,476,078	890,946	116,730	6,957,861

				Unrestricted	Designated	Endowment	Total
				funds	funds	funds
Fund balances at 31 December 2020
are repmsented	by:
Tangible fixed assets				1,053,402		10,607,259	11,660,661
Investments					144,515		144,515
Current assets				480,994			480,994
Creditors: amounts ane year		falling	due within	(29,408)			(29,408)
				1,504,988	144,515	10,607,259	12,256,762
Unrealised gains	included		above:
On tangible fixed	assets			392,961		9,946,689	10,339,650
On investments					70,072		70,072
				392,961	70,072	9,946,689	10,409,722
Reconciliation ofmovements in
unreaiised gains
Unrealised gains	at	1 January 2020		347,235	57,189	9,421,209	9,825,633
Net gains on revaluations			in year	45,726	12,883	525,480	584,089
Unrealised gains	at	31 December 2020		392,961	70,072	9,946,689	10,409,722

15Movement in	funds	funds
	Balance at			Movement	in funds		Balance at 31
Funds	1 January						December
		2020	Income	Expenditure	Revaluation	Transfers	2020
Endowment	Fund	10,081,779			525,480		10,607,259
Designated Fund		131,632			12,883		144,515
Unrestricted	Fund	1,370,915	509,960	(421,613)	45,726		1,504,988
Total Funds 11,584,326			509,960	(421,613)	584,089		12,256,762
16Cash generated from operations
						2020	2019
Net movement in	funds					672,436	302,220
Deduct investment	income					(842)	(1,724)
Deduct gains/add	back losses	on investments				(12,883)	(23,423)
Deduct revaluation	offixed assets					(571,206)	(284,574)
Movement in working capital:
(Increase)/decrease in debtors						(342)	(317)
(Decrease)/increase in creditors						(6,208)	419
						80,955	(7,399)

17Comparatives for 2019	17Comparatives for 2019
Statement of Financial	Activities
		Unrestricted	Designated	Endowment	Total
		Funds	Funds	Funds	2019
		E	F	E	6
Income and endowments	from:
Income from investments		1,724			1,724
Charitable activities		495,036			495,036
Total income		496,760			496,760
Expenditure on:
Charitable activities		302,537			302,537
Donation		200,000			200,000
Total expenditure		502,537			502,537
Net income iexpenditure		(5,777)			(5,777)
Realised Gains (Losses)	on investments
Unrealised Gains (Losses) on investments			23,423		23,423
Revaluation oftangible fixed assets		19,755		264,819	284,574
Transfers between funds
Net movement in funds		13,978	23,423	264,819	302,220
Fund balances at 1 January 2019		1,356,937	108,209	9,816,960	11,282,106
Fund balances at 31 December 2019		1,370,915	131,632	10,081,779	11,584,326
Cash at bank and in hand
		Unrestricted	Designated	Endowment
		funds	funds	funds	Total
Royal Bank ofScotland Pic		184,199			184,199
Furness Building Society		201,732			201,732
Cash
		385,939			385,939

17Comparatives	for 2019	continued
Tangible fixed assets
Freehold land & buildings
		Shorthold	Protected	Shorthold	Protected
		Tenancies	Tenancies	Tenancies	Tenancies
		Endowment	Endowment	Unrestricted	Unrestricted	Total
		Fund	Fund	Fund	Fund
Cost 8 valuation
At 1 January 2019		3,848,715	201,960			4,050,675
Additions
Revaluation		76,887	4,032			80,919
Transfers
At 31 December 2019		3,925,602	205,992			4,131,594
At 31 December 2018		3,848,715	201,960			4,050,675
Leasehold land &	buildings
		Shorthold	Protected	Shorthold	Protected
		Tenancies	Tenancies	Tenancies	Tenancies
		Endowment	Endowment	Unrestricted	Unrestricted	Total
		Fund	Fund	Fund	Fund
Cost 8 valuation
At 1 January 2019		4,184,474	1,581,811	873,477	114,444	6,754,206
Additions
Revaluation		154,993	28,907	17,469	2,286	203,655
Transfers		134,640	(134,640)
At 31 December 2019		4,474,107	1,476,078	890,946	116,730	6,957,861
At 31 December 2019		4,184,474	1,581,811	873,477	114,444	6,754,206

				Unrestricted	Designated	Endowment	Total
				funds	funds	funds
Fund balances at 31 December 2019
are represented	by:
Tangible fixed assets				1,007,676		10,081,779	11,089,455
Investments					131,632		131,632
Current assets				398,855			398,855
Creditors: amounts one year		falling	due within	(35,616)			(35,616)
				1,370,915	131,632	10,081,779	11,584,326
Unrealised gains	included		above:
On tangible fixed	assets			347,235		9,421,209	9,768,444
On investments					57,189		57,189
				347,235	57,189	9,421,209	9,825,633
Reconciliation of	movements in
unrealised gains
Unrealised gains	at	'I January 2019		327,480	33,766	9,156,390	9,517,636
Net gains on revaluations			in year	19,755	23,423	264,819	307,997
Unrealised gains	at	31 December 2019		347,235	57,189	9,421,209	9,825,633

ement in fu	nds
		Balance at		Movement	in funds		Balance at 31
Funds		1 January					December
		2019	Income	Expenditure	Revaluation	Transfers	2019
Endowment	Fund	9,816,960			264,819		10,081,7/9
Designated	Fund	108,209			23,423		131,632
Unrestricted	Fund	1,356,937	496,760	(502,537)	19,755		1,370,915
Total Funds		11,282,106	496,760	(502,537)	307,997		11,584,326

17Comparatives for 2019continued
Statement ofCash Flows
		Notes	2019 f
Cash flows from operating activities
Cash generated from operations				(7,399)
Investing activities
Proceeds from sale ofinvestment
Purchase ofinvestments
Investment interest received			1,724
Net cash (used in)/ generated from investing	activities			1,724
Net increase/(decrease) in cash and cash equivalents				(5,675)
Cash and cash equivalent brought forward				391,614
Cash and cash equivalent carried forward				385,939
Cash generated from operations
			2019
Net movement in funds			302,220
Deduct investment income			(1,724)
Deduct gains/add back losses on investments			(23,423)
Deduct revaluation offixed assets			(284,574)
Movement in working capital:
(Increase)/decrease in debtors			(317)
(Decrease)/increase in creditors			419
			(7,399)