## 

|Mrs D P Abbott||
|---|---|
|Canon Dr C Bracegirdle||
|Miss EGelling||
|Mrs K Hodgkiss||
|Mr P d'A Liptrott||
|Mr<br>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<br>House||
|Silverwell Street||
|Bolton||
|BL11PT||
|RPS Housing<br>Limited||
|Hamill House||
|112-116Chorley|New Road|
|Bolton||
|BL14DH||





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





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|||||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<br>activities||||509,118|||509,118|495,036|
|Total income||||509,960|||509,960|496,760|
|Expenditure<br>on:|||||||||
|Charitable<br>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<br>Gains (Losses) on|||||||||
|investments|||||12,883||12,883|23,423|
|Revaluation<br>oftangible fixed||assets||45,726||525,480|571,206|284,574|
|Transfers<br>between<br>funds|||||||||
|Net movement<br>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<br>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)<br>in||cash||and cash equivalents|||81,797||(5,675)|
|Cash and|cash equivalent<br>brought|||forward|||385,939||391,614|
|Cash and|cash equivalent|carried forward|||||467,736||385,939|





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## 

|2 Investment<br>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<br>on charitable|||activities||||
||||||2020|2019|
|Costs relating to charitable||activities||comprise:|||
|Legal and professional|fees||||7,799|11,221|
|Structural<br>survey reports||||||575|
|Ground<br>rent|||||158|162|
|Property<br>valuation fee|||||300|300|
|Insurance|||||31,111|30,111|
|Unoccupied<br>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<br>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<br>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<br>at cost|||||
|Change<br>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<br>Building Society|||202,368|||202,368|
|Cash|||||||
||||467,736|||467,736|
|13Tangible|fixed assets||||||
|Freehold<br>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<br>fixed assets||||1,053,402||10,607,259|11,660,661|
|Investments|||||144,515||144,515|
|Current assets||||480,994|||480,994|
|Creditors: amounts<br>ane year||falling|due within|(29,408)|||(29,408)|
|||||1,504,988|144,515|10,607,259|12,256,762|
|Unrealised<br>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<br>ofmovements<br>in||||||||
|unreaiised<br>gains||||||||
|Unrealised<br>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<br>gains|at|31 December 2020||392,961|70,072|9,946,689|10,409,722|





## 

|15Movement<br>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<br>Fund||131,632|||12,883||144,515|
|Unrestricted|Fund|1,370,915|509,960|(421,613)|45,726||1,504,988|
|Total Funds<br>11,584,326|||509,960|(421,613)|584,089||12,256,762|
|16Cash generated<br>from operations||||||||
|||||||2020|2019|
|Net movement<br>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<br>in working<br>capital:||||||||
|(Increase)/decrease<br>in debtors||||||(342)|(317)|
|(Decrease)/increase<br>in creditors||||||(6,208)|419|
|||||||80,955|(7,399)|





|17Comparatives<br>for 2019|17Comparatives<br>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<br>activities||495,036|||495,036|
|Total income||496,760|||496,760|
|Expenditure<br>on:||||||
|Charitable<br>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<br>Gains (Losses) on investments|||23,423||23,423|
|Revaluation<br>oftangible fixed assets||19,755||264,819|284,574|
|Transfers<br>between<br>funds||||||
|Net movement<br>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<br>Building Society||201,732|||201,732|
|Cash||||||
|||385,939|||385,939|





|17Comparatives|for 2019|continued|||||
|---|---|---|---|---|---|---|
|Tangible fixed assets|||||||
|Freehold<br>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<br>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<br>one year||falling|due within|(35,616)|||(35,616)|
|||||1,370,915|131,632|10,081,779|11,584,326|
|Unrealised<br>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<br>of|movements<br>in|||||||
|unrealised<br>gains||||||||
|Unrealised<br>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<br>gains|at|31 December 2019||347,235|57,189|9,421,209|9,825,633|



## 

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