Charlty R•gl•tratlon No. 289951 BOLTONS GARDEN ENCLOSURES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
BOLTONS GARDEN ENCLOSURES LEGAL AND ADMINISTRATIVE INFORMATION MYu8 B Milnèr J Fletcher lappolnted 1 January 2023) D Worr811 L Lindsay R Ahme(I Charlty 289951 R•g1St•¥ offl¢o Fornlers LLP 31 Hill Street London W1J 5LS Sollcitor• Forslers LLP 31 Hill stet London W1J5LS B•nkern N8tional We¥tmin8ter B8nk PIC 18 Cromwell Road London SW7 2LB Indèpendent Ex*mlner J Howard FCA Azets Aydf( Servtces 2nd Floor Regis Hous8 45 King William Street London EC4R 9AN
BOLTONS GARDEN ENCLOSURES CONTENTS Twst••s' rol Statement oltru81008' ro8ponsibilltiti8 Indop8rKlenl mIne¢S r• Statsm•nt of financial actlvitl•8 Balan sh••1 Notes to the financi818t•tsm8nts
BOLTONS GARDEN ENCLOSURES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The TNstees hav8 thg pleasuro of piosanling thoirannual report and the audited financial statements oftho chanty for the ye81 end¢d 31 December 2023. The trusle8s have adopted the provisions of the Ststemenl ol Recommended Pwtiee {SORP}"Accvunting and Reporting by Charities" IFRS 102) in preparing the annual report and fjnanaal statements of the chafty. The finanelal stslements have been prepared in ac(rdance with the arLounting policies 8et out in notes lo tlle aco)unls and comply with the charity's goveming document. th9 Charibes Act 2011 and Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charitses preparing thelr accounts in xcordance with the Financial Reporting Stsndard appllcable In Ihe UK and Republt of Ireland UK publtshed on 16 Juty 2014. 0bh¢tlV and •ctl¥llle• The tfusle88 nfirM that they have referred to the guidance contained in thg Chartty Commission's general guidancé on public benefft when reviowing the ¢harty'$ aims and objectives and in aTrIng fulurg aotivibtis. The objgctive of the tharity 1$ lo promots the permanent preservation for the benelt of the public generally 8nd especially thè inhabrtants of the Parish of St Mary in The Boltons ofth8 Garden Enclosures lo the north and south ofSI Mary in The Bottons arKI generaltyto protectand presorve th• chorador and 8menrties oflhe said endosur8s. Achlevem•nts and rtom)InCe During the year, the Charity continued to maintain and preserve The Boltons Garden Endosures and protect and preserve the character and the amenth'e8 of them for tho benefit of the public generally arKI especially for lh8 Inhabitant$ of th8 P8rish of St Mary Tho 8ollons. FiTr•n¢i•l r•vl•w During the year, th• charty had gross income of £123.99S and had expgndilure 01 £28.882 in Ihe furtherance of the chanty's obJ'8clivos. £69.854 was spgnl on garden mainlonance. The pdicy of the Trustees is to maintain sufficient reseNes to provide the income required lo meet the Tfustee$' proposed level of payments. For this purpos&. the funds represenbng th• r9S9rvgs a placed on bank deposit with view to generating income WIt)Ut posing the charity to undue rlsk. Th$ Chartys alms for2024 are loconunueto malntaln The Bolton8 Garden Endosures and to protect an(J we8eNe their ch818Cter 8niJ the amenities for the benefft of the public generalty, and for thg inhabbtsnts of the Parish of Sl Mary The Boltons paiticularty. Structurn. govgmanc8 and mgnagw)wnt The Boltons Garden End0suS was ¢onstitute(l uThYèr a Trust tieed dated 15th March 1984 and is a registered charity No. 289951.
BOLTONS GARDEN ENCLOSURES TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The charity Iru8lees during the year were.. Bema(ktte Milner (Chairl Jan8 Fl¥tchgr {apwinlo¢J 1 J•nu•ry 2023) Lucinda Lindsay Dean Worrall Michelle Yue Rlshad Ahmed Day lo day managernont of the charty is undertaken by the Imslees. The trustees are enlitled lo appoint new trustees. There is a proces$ of induction for the nèw trustses whi¢ indudes ffleetings with cuThent trust&es and th8 provi$ion of key infonm81ion. Trust88s un¢Jergo Irolnlng at msolin9$, 8$ •nd when noèded. Risk M*nagThnt The trustag$ havg examinfftl th& majLY risks which the tharity faces and ojnfimi that systems have been estsblished so that the ne¢es88ry Steps can be tsken to manage and lessen such risks. Economic dimale InllatKJn has now 8tabiltsod at a rate of 2% - 4%. howover day lo day running costs $pg¢ific lo our operation are running in excess of Ihls e.g. water. labour 8t$, and this has had to b8 taken into consideration. The trusteès believe that there are suffKient resgrves forlhg charity lo be a going concem. K•y Manag•m•nt The trustees are COndered to be th• key managemonl of the chanty and do not receive a remunor81NM. 8 Mllner Chair D¥ted.. 1614 ILY
BOLTONS GARDEN ENCLOSURES STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEM8ER 2023 The Tru$le8s are responsibl8 for preparing thg Twsleos, Report and the finand81 statements in accordance with applicabl8 law and Unitsd Kingdom Accounting Standards (Uniied ngdorn Generally knepled Accounting Practicel. The law applicable lo charilies in England and Wales raquirgs Ihg Trustees lo prepare financial ¥tslements for each financial year which give a true and fair view ol Ihe stsle of affairs of the Charity and of the incoming fesovrces and apokafjon of re80urces ofthe Charty for that year. In Preparing these finantial stat8m8nts. th8 Trustee$ are required to.. - sefect suitable acethjnting policies and then appty them consistenlly.. - observe the methods and principlos in Ihg Charities SORP., - make Judgements and estimates that a reasonable and pwdent., . slate whether applicable accounting standards have been followed. subject lo any material departures disd08ed and explainad in the finanaal $tatément$,' and - prepare the financial s18temonts on th8 going concBm basis Unlo&1 1$ Inappropriate to presumo that the ¢harity 11 conts'nLte in operation. The Trustees afe responsible for keeping suffioent accoLbnling rer(l$ th81 disdose with reasonable accuracy al any lime ihe finanrA81 positk)n of ihe Charlty and enable them lo ensure that the flnandal staiements comply wllh the Charities Act 2011. the Charity (Accounts and Roportsl Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking asonab steps for the prevention and detsdion of fraud and otsr irregularities.
BOLTONS GARDEN ENCLOSURES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOLTONS GARDEN ENCLOSURES I report to the TnJste88 on my ex8mlnalion of the finanaal statements of Bollons Garden Enclosures (the Charity) for the year ended 31 C)rnb9r 2023. ReJponslbllltte and ba81s of rnport As the Trustees of the Charity you are responsible for th8 preparation of th8 fina101 stolements in actordance with the Tequiremenls of the Charities Act 2011 {Ihe 2011 A¢tl. I feport In rnspect of my examination of the CharlS financial statements carried under secti¢M 145 of the 2011 Act. In rryIng out my gxamination I have f1ed all the applicable tirections given by th9 Charity CommisSn under section 145{S)Ib) ofthe 2011 Ad. Ind•p•nd•nt •x•mln•f• #t•tsment Your attonlion is diawn to the fact that the ¢harty has prepared financial statements in accordance with Accounting an(1 ReportirvJ by Charitiès preparing their accounts in accordance with thg Fin8noal Reporting Standaid applicable in the UK and Ropubllc of Ireland IFRS 1021 in prefareneg to thè A¢¢ounbng and Rop)rting by Charttio$.' Slat¢ment of Recommended Practice issued on l April 2CQS which is referre(I to in the extant regulation$ but has now been w6thdrawn. l understsnd that trtls has been done irF order for financial statem8nts to provide a true and lair view in accordance with Generalty Accepted Acewnting Pract effectfve for repon9 period8 beginning on or after 1 Janu4ry 2015. I hava complotgd my examlnalK)n. I confimi that no rnatter5 have come to my attention in conneclon wlth examination gwing me cause io bèlieve that in any material resp8Ct'. accounling recoids were not kept in respect of the Charity a$ required by Mction 130 of the 2011 Act., or the financial stslemenls do not accord th those records., or the financial statements do not ¢omply with thg applicable requiramonts ncerning th8 fomi and content of accounts out in Ihe Charllies IAccoun16 and Reports) Regulations 2008 oth8r than 8ny requirem8nt thal the 8¢¢ovnts givo a true and fail wew whith 18 not a matter considered As part of an iThtt¢pendent ex8mlnaln. I h8ve no concms and have across fto Other maltws in ojnnootion wllh the examination to whth attenlicn should be drawn in thls report In order lo enable a proper understanding of the financial 8latements to be reached. J Howard FCA Azets Audit SeNce8 2nd Floor Regi$ House 45 King Wllliam Sireet London EC4R 9AN
BOLTONS GARDEN ENCLOSURES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 fijnds 2022 2023 Donth'on8 and legac4es Investmants 123.5 102,786 18 Tot•1 In¢om• 123.995 Ilf2,784 Charitsble aclithligs 98,736 112.853 Not mowm•nt In fund• 25,259 110,0691 Fund baLqnce5 at 1 January 2023 65.098 75.187 Fund balanc•• •t 31 D•c•mb•r 2023 90,357 65.098 The stalthnenl of finandal actNibes includos all gains and losses rocognised in tho ygar. All income and expendlture derfve from cltinUing aCtIlies.
BOLTONS GARDEN ENCLOSURES 8ALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Curv•nt •M•ts Debtors Cash at bank and In h8ThJ 138 132.345 162,819 163.284 132,483 Crndltorn: •m¢)unts falllng th wlthln on• ar {4,883) 12.700) frlel curyent assets 158.401 129,783 168,044) 104.6851 N•1 ••••ts ,357 65.098 In¢omo fund• Unr•$ln¢tod Ivnd$ ,357 65.098 90,357 65,098 Tha financial $taterngnts wero approved by the Trustees on ...... .... . ... ... .. B Milner Chair
BOLTONS GARDEN ENCLOSURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 A¢couTrtlng pollcl•• Charfty Infomwtlon The Bottons Garden Endosufes meèts the defirmtion of a public b8neffit enlty und8r FRS 102. Assets and abilities are initially recogni88d at hi$loiThl cost or transa¢tKJn volug unless olhw4Yi8e 8t8ted in the relevant accounting poliq notelsl. 1.1 AcGounllng conv•nlion Tho ffinanrAal $tatgments have b88n prgpared In accordance wilh th8 Stat8fflent of Reo)mmended Prac11. Actr)unkn"ng and Reporting by Charitlos preparing their aUnts in accordance wrth the Financial Reports'ng Standard applirabb in the UK and Republ of Ir¢l8nd (FRS 1021 issuod M 16 Juty 2014 and the FinaneAal Reporbng Standard applicable in the United Kingdom and the Republic of Irdand {FRS 102) and thg Charilies Act2011. The financial statements have departed from the Charities (Accounts Report8) Regulations 2008 onty to th8 gxtenl required to provJe a true and fail vi8w. This departure has invow frjllowlng the St8temenl of Reo)mmended Pra¢ti( fof charflies apptylng FRS 102 rather than the version of the Statement of Re¢ommen¢Jth1 Po¢ll¢¢ whth 18 r•fwred lo in thè R¢guLotion8 but whl¢h ha8 been withdrawn. At the time of approving the trustees have a rnasonable exp8ctab.on Ihat the charity has adequate resources to continue in oper81ional existence for thg foresgeabte ftrtyie. Thu$ the charity continue lo adopt the going gjncem b88is of aceounts'ng in prepariNJ the financial ststements. 1.2 Ch•rltsbl• fund• Unrestricted fvnds aro 8vallablo for use ot th& diKretbn of the Trustso$ in fvrther8nc of their tharttabla obJecives. 1.3 InmIng r•¥ouff¢ All ints)ming SOurceS are included In the Ststement of Financial Adiv¢lle$ when the tharty is entitled to th& income arKf the amount can be quantified wlth reasonab accuracy. Inrne is deferred when 8ubsuiptionB or donations are received in advance of the gvonl or poriod to whi¢h they relats. 1.4 Re8ouw oxpend•d Expenditure18 nted for on an ac¢ruals basls and 18 induded In the 8(tounts gf088 01 VAT. 1.8 Ca•h and ¢••h •qufval•nts Cash and cash equNalents indude nolice deposits. 1.6 Flnancl•l In•trum•nl• The charity only has finanoal assets and liabilities of a kind th81 qualify a8 basic financial instruments. Basi financial instruments are initbalty recognised at transackn valuè and sub8equentty measurad attheir $&ttt&m•nl Value. •sl¢ Ilnanelal•ss•ts ogblors are recogntsed at the settlement amount dug. 8•sk flnan¢lalllabllltlos CredSlors afe recogni$od * thoir sgttEem8nt amount due. 1.7 Tax•iion A8 a d)arty. the trust Is not Ilable lo taxat4on on Its Incclne or on surplu8es on dispo881 of investments.
BOLTONS GARDEN ENCLOSURES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Don0• and l•gaci UnV••trI¢t Unrastrlcted fund# fUrS 2023 2022 SubseJlptllS Income Other income Donations 107,084 15,196 84,495 17.821 Fund• General lunds represent Ihe fvnds of the tharty that a not subject lo any restrictions regarding their use and are available for application to Ihe general purp08es ofThe BollonB GaTd8n Endosures. Support Cts Tol•l Indondon¢ Examlnatkm F•8s Professional fees Insuiance Other expenses 1,831 Tru¥t• None of the Trv8tee8 {or any per8on8 connected th them) received 8ny remuneratlon or beneffts from the Charity during the year. TtusteeB will have the opts'on, after tsvo years of service, to have a wnplimgntsry key to the gardens. Fund G¢)rnp•ratfv l of the fvnds hold bythe Charlty were unrestricl•J in th& previous years. and therefore the SOFA and B8lance she show full Lwparatbves. LINlmat• Controlllng P*rty The thafity is under the control ofthe Trustee$. Rotht•d rtY tr•n•aclio There were no dlsclosable rdated paty Iransactsons durlw the year.