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2021-12-31-accounts

Chairman
Secretary
Charity
Number
Auditors
Bankers
Solicitors
Accountants/Agents
Mrs D PAbbott
Canon Dr C Bracegirdle
Miss E Gelling
Mrs K Hodgkiss
Mr P d'A Liptrott
Mr l Tomkin
Mr P d'A Liptrott
MrSJWorswick
254012
Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
BL14BY
The Royal Bank ofScotland Pic
24 Deansgate
Bolton
BL1 1BN
Fieldings Porter
Silverwell
House
Silverwell Street
Bolton
BL1 1PT
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
Notes Funds
f		 Funds
f		 Funds
f		 2021f 2020
F
Income and endowments from:
Income from investments 332 332 842
Charitable
activities		 3 521,027 521,027 509,118
Total income 521,359 521,359 509,960
Expenditure
on:
Charitable
activities		 309,760 54,157 363,917 221,613
Donation 200,000 200,000 200,000
Total expenditure 509,760 54,157 563,917 421,613
Net income l expenditure 11,599 (54,157) (42,558) 88,347
Realised Gains (Losses) on
investments
Unrealised
Gains (Losses) on
investments 25,125 25,125 12,883
Revaluation
oftangible
fixed assets		 142,398 1 135)491 1~277~889 571 206
Transfers
between funds		 (54,157) 54,157
Net movement
in funds		 99,840 25,125 1,135,491 1,260,456 672,436
Fund balances at 1 January 2021 1,504,988 144,515 10,607,259 12,256,762 11,584,326
Fund balances at 31December 2021 1,604,828 169,640 11,742,750 13,517,218 12,256,762
2021 2020 2020
Notes
Fixed Assets
Tangible assets 13 12,938,550 11,660,661
Investments 169,640 144,515
13,108,190 11,805,176
Current Assets
Debtors 13,746 13,258
Cash at Bank and in Hand 470,059 467,736
483,805 480,994
Current
Liabilities
Creditors P4,777) (29,408)
Net Current Assets 409,028 451,586
Total Net Assets 13,517,218 12,256,762
The Funds ofthe Charity
Endowment Funds 660,570 660,570
Endowment Funds Revaluation Reserve 11,082,180 9,946,689 10,607,259
11,742,750
Designated Funds 15 74,443 74,443
Designated Funds Revaluation Reserve 95,197 70,072 144,515
169,640
Unrestricted Funds 15 1,069,469 1,112,027
Unrestricted Funds Revaluation Reserve 535,359 392,961 1,504,988
1,604,828
Total Charity Funds 13,517,218 12,256,762
2021 2021 2020
Notes 6 6 f f
Cash flows from operating activities
Gash generated
from operations		 1,991 80,955
Investing activities
Proceeds from sale ofinvestment
Purchase ofinvestments
Investment interest received 332 842
Net cash (used in)l generated from investing activities 332 842
Net increase/(decrease)
in		 cash and cash equivalents 2323 81,797
Gash and cash equivalent
brought		 forward 467,736 385,939
Cash and cash equivalent carried forward 470,059 467,736

2 Investment
income
Total Total
2021 2020
Interest receivable 332 842
3Income from charitable activities
Total Total
2021 2020
Rents 521,027 509,118
4 Expenditure
on charitable		 activities
2021 2020
Costs relating to charitable activities comprise:
Legal and professional fees 1,899 7,799
Structural
survey reports		 1,423
Ground
rent		 142 158
Property valuation fee 350 300
Insurance 32,426 31,111
Unoccupied
house expenses		 1,986 265
Agent commission 65,183 63,553
Repair and maintenance (Unrestricted Fund) 193,037 105,478
Repair and maintenance (Designated Fund) 54,157
Postage and stationery 474 399
Secretary's fee 9,336 8,994
Auditor's
remuneration		 3,504 3,354
Sundry expenses 192
Bank charges 10
363,917 221,613
5Donations payable
2021 2020
Donations to institutions:
The Chadwick Educational Foundation 200,000 200,000

9Debtors
2021 2020
Prepayments
and accrued income		 13,746 13,258
10Creditors
2021 2020
Trade creditors 12,704
Accruals and deferred income 62,073 29,408
74,777 29,408
11Fixed asset investments
Designated
Income
Investments
CDlf Accumulation
Shares
Market value at 1 January 2021 144,515
Disposals at opening
book value
Acquisitions
at cost
Change
in value in the year		 25,125
Market value at 31December 2021 169,640
Historical cost:
At 31 December 2021 74,443
At 31 December 2020 74,443
12Cash at bank and in hand bank and in hand
Unrestricted Designated Endowment
funds funds funds Total
Royal Bank of Scotland Plc 267,379 267,379
Furness
Building Society		 202,672 202,672
Cash
470,059 470,059
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 2021 4,229,325 144,120 4,373,445
Additions
Revaluation 446,625 6,480 453,105
Transfers
At 31December 2021 4,675,950 150,600 4,826,550
At 31 December 2020 4,229,325 144,120 4,373,445
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 2021 4,691,754 1,542,060 930,852 122,550 7,287,216
Additions
Revaluation 532,746 149,640 136,458 5,940 824,784
Transfers 90,000 (90,000) 64,890 (64,890)
At 31 December 2021 5,314,500 1,601,700 1,132,200 63,600 8,112,000
At 31 December 2020 4,691,754 1,542,060 930,852 122,550 7,287,216

Unrestricted Designated Endowment Total
funds funds funds
Fund balances at 31 December 2021
are represented by:
Tangible fixed assets 1,195,800 11,742,750 12,938,550
Investments 169,640 169,640
Current assets 483,805 483,805
Creditors; amounts
one year		 falling due within (74,777) (74,777)
1,604,828 169,640 11,742,750 13,517,218
Unrealised
gains		 included above:
On tangible fixed assets 535,359 11,082,180 11,617,539
On investments 95,197 95,197
535,359 95,197 11,082,180 11,712,736
Reconciliation
af movemsnts		 in
unrealised
gains
Unrealised
gains		 at 1 January 2021 392,961 70,072 9,946,689 10,409,722
Net gains on revaluaiions in year 142,398 25,125 1,135,491 1,303,014
Unrealised
gains		 at 31 December 2021 535,359 95,197 11,082,180 11,712,736

15Movement
in		 funds funds funds
Balance at Movement in funds Balance at 31
Funds 1 January December
2021 Income Expenditure Revaluation Transfers 2021
Endowment Fund 10,607,259 1,135,491 11,742,750
Designated Fund 144,515 (54,157) 25,125 54,157 169,640
Unrestricted Fund 1,504,988 521,359 (509,760) 142,398 (54,157) 1,604,828
Total Funds 12,256,762 521,359 (563,917) 1,303,014 13,517,218
16Cash generated
from operations
2021 2020
Net movement
in		 funds 1,260,456 672,436
Deduct investment income (332) (842)
Deduct gains/add back losses on investments (25,125) (12,883)
Deduct revaluation offixed assets (1,277,889) (571,206)
Movement
in working
capital:
(Increase)/decrease
in debtors		 (488) (342)
(Decrease)/increase
in creditors		 45,369 (6,208)
1,991 80,955
17Comparatives
for 2020		 17Comparatives
for 2020
Statement of Financial Activities
Unrestricted Designated Endowment Total
Fundsf Funds
f		 Funds
f		 2020f
Income and endowments from:
Income from investments 842 842
Charitable
activities		 509,118 509,118
Total income 509,960 509,960
Expenditure
on:
Charitable
activities		 221,613 221,613
Donation 200,000 200,000
Total expenditure 421,613 421,613
Net income
/ expenditure		 88,347 88,347
Realised Gains (Losses) on investments
Unrealised
Gains (Losses) on investments		 12,883 12,883
Revaluation
oftangible fixed assets		 45,726 525,480 571,206
Transfers
between
funds
Net movement
in funds		 134,073 12,883 525,480 672,436
Fund balances at 1 January 2020 1,370,915 131,632 10,081,779 11,584,326
Fund balances at 31 December 2020 1,504,988 144,515 10,607,259 12,256,762
Cash at bank and in hand
Unrestricted Designated Endowment
funds funds funds Total
Royal Bank ofScotland Pic 265,360 265,360
Furness
Building Society		 202,368 202,368
Cash
467,736 467,736

17Comparatives for 2020 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 2020 3,925,602 205,992 4,131,594
Additions
Revaluation 235,059 6,792 241,851
Transfers 68,664 (68,664)
At 31 December 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 1January2020 4A74,107 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 represented
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
one 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
lixed 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
unrealised
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

ement
in fu		 nds
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
17Comparatives
for 2020 continued
Statement of Cash Flows
Notes 2020
F
Cash flows from operating
activities
Cash generated
from operations		 80,955
Investing
activities
Proceeds from sale ofinvestment
Purchase ofinvestments
Investment
interest received		 842
Net cash (used in)/ generated
from investing		 activities 842
Net increase/(decrease)
in cash and cash equivalents		 81,797
Cash and cash equivalent
brought
forward		 385,939
Cash and cash equivalent
carried forward		 467,736
Cash generated
from operations
2020
Net movement
in funds		 672,436
Deduct investment
income		 (842)
Deduct gains/add
back losses on investments		 (12,883)
Deduct revaluation
offixed assets		 (571,206)
Movement
in working
capital:
(increase)/decrease
in debtors		 (342)
(Decrease)/increase
in creditors		 (6,208)
80,955