## 

|Chairman|
|---|
|Secretary|
|Charity<br>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<br>House||
|Silverwell Street||
|Bolton||
|BL1 1PT||
|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 of financial|activities||
|Balance sheet|||
|Statement ofcash flows|||
|Notes to the accounts||10-20|





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||||Unrestricted|Designated|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Notes|Funds<br>f|Funds<br>f|Funds<br>f|2021f|2020<br>F|
|Income and endowments|from:|||||||
|Income from investments|||332|||332|842|
|Charitable<br>activities||3|521,027|||521,027|509,118|
|Total income|||521,359|||521,359|509,960|
|Expenditure<br>on:||||||||
|Charitable<br>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<br>Gains (Losses) on||||||||
|investments||||25,125||25,125|12,883|
|Revaluation<br>oftangible<br>fixed assets|||142,398||1 135)491|1~277~889|571 206|
|Transfers<br>between funds|||(54,157)|54,157||||
|Net movement<br>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<br>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<br>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)<br>in||cash||and cash equivalents||||2323||81,797|
|Gash and|cash equivalent<br>brought|||forward||||467,736||385,939|
|Cash and|cash equivalent|carried forward||||||470,059||467,736|





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## 

|2 Investment<br>income|||||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||2021|2020|
|Interest receivable|||||332|842|
|3Income from charitable||activities|||||
||||||Total|Total|
||||||2021|2020|
|Rents|||||521,027|509,118|
|4 Expenditure<br>on charitable|||activities||||
||||||2021|2020|
|Costs relating to charitable||activities comprise:|||||
|Legal and professional|fees||||1,899|7,799|
|Structural<br>survey reports|||||1,423||
|Ground<br>rent|||||142|158|
|Property valuation fee|||||350|300|
|Insurance|||||32,426|31,111|
|Unoccupied<br>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<br>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<br>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<br>Shares|||
|Market value at 1 January 2021||144,515|
|Disposals at opening<br>book value|||
|Acquisitions<br>at cost|||
|Change<br>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<br>Building Society|||202,672|||202,672|
|Cash|||||||
||||470,059|||470,059|
|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|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<br>one year||falling|due within||(74,777)|||(74,777)|
||||||1,604,828|169,640|11,742,750|13,517,218|
|Unrealised<br>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<br>af movemsnts||||in|||||
|unrealised<br>gains|||||||||
|Unrealised<br>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<br>gains|at|31 December 2021|||535,359|95,197|11,082,180|11,712,736|





## 

|15Movement<br>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<br>from operations|||||||||
||||||||2021|2020|
|Net movement<br>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<br>in working<br>capital:|||||||||
|(Increase)/decrease<br>in debtors|||||||(488)|(342)|
|(Decrease)/increase<br>in creditors|||||||45,369|(6,208)|
||||||||1,991|80,955|





|17Comparatives<br>for 2020|17Comparatives<br>for 2020|||||
|---|---|---|---|---|---|
|Statement of Financial|Activities|||||
|||Unrestricted|Designated|Endowment|Total|
|||Fundsf|Funds<br>f|Funds<br>f|2020f|
|Income and endowments|from:|||||
|Income from investments||842|||842|
|Charitable<br>activities||509,118|||509,118|
|Total income||509,960|||509,960|
|Expenditure<br>on:||||||
|Charitable<br>activities||221,613|||221,613|
|Donation||200,000|||200,000|
|Total expenditure||421,613|||421,613|
|Net income<br>/ expenditure||88,347|||88,347|
|Realised Gains (Losses)|on investments|||||
|Unrealised<br>Gains (Losses) on investments|||12,883||12,883|
|Revaluation<br>oftangible fixed assets||45,726||525,480|571,206|
|Transfers<br>between<br>funds||||||
|Net movement<br>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<br>Building Society||202,368|||202,368|
|Cash||||||
|||467,736|||467,736|





## 

|17Comparatives|for 2020|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 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<br>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<br>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<br>one 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<br>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<br>ofmovements|||in|||||
|unrealised<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|



## 

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