Moore
Thompson
THE BOSTON STUMP RESTORATION TRUST
CHARrrY COMMISSION REGISTERED NO. 507699
FINANCIAL STATEMENTS
for th y•ar ondgd 31st Dacombor 2023

THE BOSTON STUMP RESTORATION TRUST
Indox
for Iho year ended 31st Docembor 2023
INDEX
1-2 Tr￿s, Annual Rep(xt
IrKl8pend8nt ExAmin8rf8 Rwrt
4 Si81•ment of Fin8n(ial Aclivili08
5 Ststement of Finandal Positl(Jn
6-10 Notes to the ACC￿nts

THE BOSTON STUMP RESTORATION TRusr
Trustsg8' Annual Report
fortho yoor fjnd￿ 31st D•G•mbor 2023
Th• prngent tholr rwort arKI financial stthmgnts of th• chaily for th• year ended 31gt
Decomber 2023. The Iru81898 havo adopted tha provtsions of Stalqmant of Recommgnded Pra(*lca '
CO￿tIng and Reportlng by Chwllleg {FRS 102> tn pr•parlng Ihe ￿nUel rewt and flr￿de181&t9ments
of the charlty.
The Bo*on Stunp Restoratlon Tru8118 a r8*tered chorlty th the Charlty Conwnlsslon. Red5trallon
mber Is 507699. The charfty18 con8titsrted by way of s￿dard reklstrallon and was reglstared on the
28 June 1978.
TP￿ wl8tered addrB8B18 The Rectory Off*e8, 1 Worrrwe. B(th, PE218NP.
chaltys tru*ees arn as b81ow:_
R￿. Jane Ellzabelh Roberston
R¢v. Al￿1n ￿xtOn
Mr Paul CoDper
Mr ChrlstOFther Ladner
Mrs Mariannce Lauls Falrman
Rov. Sally Ann Cllfton (Appolnt•d 8 July 2023)
Th profry88ional adviB•r810 tho ¢*arty are as bg1ThY:_
Moore Thory8on. Bank Fk•u8e, Broad Street, Spgldlng. LlnMkn8hlre, PE111TB
CCLA, ￿etOr HDu8e, 85 ￿e0n Vlctorla Streot, London, EC4V 4Er
LW8 B8nk. 51 Mwket pl￿0, Boston, LInc￿1n$hIr8. PE216NQ
Bfjrclays Bank Pk. 52 Market Plxe, Boston. LIn￿1n￿hIre. PE21 eLU
St Jam8s'8 Place Vveallh Management. st Place Hou89, 1 Telbury Road, Clrencester.
Glouceslorshlre. GL7 1FP.
The obiothoB of tho Ghwlty lo provlde restrjrallon. dev*pmert ImFYovernrt rnakntsnan￿ and
r•pair of tho Pariah Chwch of Salnt Botolph. Boston In the DIoca88 of Uncoln, its fumliure and
omam8nt8 arKI 8CL488i881i￿l property conn8ctuJ thora%￿th (Includirva the (￿urch Hou8• at 1 Wormgata
8nd the Blet*ln m￿￿O￿al Hall).
The truste88 ￿nSIder that the Ob￿CtIVeS and actlvlde8 of Ihg tharlty are In accordonce wlth the Chorty
ConMni88ion8' g•Mal guldanco on putllc b8nefft.
The charlty doas not undert* fvndralslw actmtles dlrect wllh tho publl
At the 31 December 2023 there %Tre unrestrlcted fuTrJ8 un8pent and carried foThvard of £1,243,820 arml
£NII restrict￿ fur￿• oaThied fryward, giving overall fvnd8 of £1,243,820.12022: Unre8lrthd - £1.018.199
l Restlcaed £Nil).
Fund8 ￿re receNed In tho year from1•gac1￿ totalliry £200,000, pl￿ry from donatlon8. The maln
eXp8nd￿re w88 In relatlon to Fabrfc ManageV8 wag08 and ongoing rnpair co818 for th• Parish
Church of Saint 8clo*h. £25.000 rernln8 de8ignated by the charlty to donated to the PCC of the Parf8h
of Boston lo help flnanca the renovation work to ba dono lo tho Library held ￿1th1n th• Parfgh C*urch of
Salnt B¢)tolph. Plus a further £6.250 agreed to be d￿ated to the 8ame PCC tt> help furKI the PLwchage of
¢q￿pment in Iha n*￿Y ranovated Blenkln MenM)Tlo1 Hall by the PCC of the Par18h of Boston.
Concem Rovlew
Th8 charfty has large level8 of cash and invastmenl rns8rves dua to larg81ogaci8s rwAivad over ih8
preVI￿S cow of ￿ar& As a rg8uIt therg Is degmed no golng ¢>Jncwn Issues for the charlty.
Pago 1

THE BOSTON STUMP RE8TORATION TrUST
Tru8tsoB' Annual Report
for tho yur endod 318t D•c•mbw 2023
8k min
The trustees have as89gsed th• rfsks to wthlch the charlty is exposed. In parllajlar r•lated lo
the rnanagement of Its Inve8bwnts and ffflances aThl we 8allsfiod t￿t the sYsts￿* In platx 8ufficionlly
m￿age Its exposwe to th880 rf6ks. Tho Irustses have a180 <knlop8d thrvJ V4f)rldng r8latlon8hip8
88818ilrvJ bodlos vtho are able lo provlde professlonal a(hlca ￿en rowired.
Du8 to the Incroa88d lev•1 of roBofvg3 the charfty now hold8, not only does It uses the CCLA, Uoyds arKI
Bwclays Bank for ts banklng and d•pwil4 Iwt has al80 *Ne8ted £675,OW ￿th Investrn￿ fvnd
m8nage￿ St Jame'8 Place. This Inve6kn￿ polloy Is cthisldered r¢a8Mablo and In Ilrn ￿1th tho Irusi893'
rl8k m8n8g8m8nt level8.
r P ￿0per
On behalf of
o Trustees
Page 2

Independent ExamlneV• Roport to the Tru8ts•8 of
THE BOSTON 3TUMP RESTORATION TRUST
for tho y•ar •nded 31st Dac•mlxbr 2023
l rnport to Ihe charlty trus￿8 on my •x8minotion of the accounts of the tharlty for the ￿ar eTrJed
31 December 2023 thich are 8el out on page8 4 10 10.
R••pon•lbllttl•• and ba•1• ol r•port
AS the charitys lJustee8 are rosponslble for the prepar8don of the ar￿Urts in accordance with the
rnquirement of the Charlllas Act 2011 (w￿ Acr).
I report In r88P*t of my examlnatton of the clwltys a(￿￿nts carrled (Art urnler Secti￿ 145 of tho Art arKI
In carrying out my ex￿InatIon I have follo￿1 all the applic8ble Direclion8 d¥8n by Ihe Charity
Commlsslon under 8¢cllon 145(5Xb) of th8 Act
Ind•p•ndqnt •xamIn￿* 8tat•m•nt
I have C￿lple18d my axsminotion. I confirni thal no rnaterlal matters hava come to my attenllon In
comectlon examlnation givirvJ me ¢xuse to bollm Ihat In any rnalerfal respect
l. accolmlng reccrfds ￿re nol kept in respect of the charity as required by sectlrm 11) of ts l*¢ or
2. th8 acGoun13 do rK)t accord those records; or
3. the do comply Mgth the ￿p1kable requirBments concemlng the lorni and content of
a(xounts 9et out in the Chwth88 (AcGounts Worts) Regulatlons 2008 other than 8ny
raquirement that the ac£ounts g1￿ a 'tNe falr vknlth18 not 8 mattér consKlered a8 Part of
an ind8pendent examtnallon.
I have no conc*rrA hav8 come across no other matter5 In ¢xnnaction wilh the exaMInati￿ to
attenlion sh￿Id ba (trawn in th18 report In order to ￿able 8 proper ￿darstar￿J1ng of the accwnts lo be
rnached.
H. J. Brlght BA, F.C.A. C.TA
Moorn Thomp80n
Chartered Accolmtants
Spaldlng
Data: ...Al4.".¥.:...4.N........
Pago 3

THE BOSTON STUMP RESTORATION TrUST
Stat•ment of Flnanclal Actlvltl•s
for the y•ar •nded 31st Decembor 2023
2023
Unr••trlct•d R•strlctod Total
2022
In¢(#n• from:
Donatlong and l•gaci••
Donatlons - Gan8ral publ
Legad8S
190
200 000
500
100.000
2W.19)
200,190
1CA),500
Olhor tradlng actMtI•8
Sale of goods
Int•r••t r•c•lv•b
361
Total ineom•
200,551
21Y).551
100,552
Exp•ndltur• on:
Charltablo aatl¥ttl•g
Wages
Donallons pald to PCC of the Parish of Boston
alrs and malntenarKe lo the Parish
Church of St Botdph
Bank charge8
Independent examln8rs f88
Investment Thnagement fees
38.234
36,053
150,000
28,228
103
26228
103
4,065
106
1,060
14.564
13.388
13288
Tolal •xpMolkn•
78,909
78,￿9
205,848
N•t Incomo 1 (d•ftlt)
121,642
121,642
(105.296)
Galn I IloBB) on r•vakth of Invo•tmont
103.979
103,979
(82.892)
N•t mov•m•nl In fund•
225.621
225,621
Total furKls al 31st D￿0mber 2022
Total fvrKls at 31 st D￿ember 2023
1.018,199
1.243.820
1.018,199 1.186,387
1,243,820 1.018,199
The nots8 on p8g8F 610 8 forni part of these financial slatsments.
Page 4

THE BOSTON STUMP RESTORATION TRUST
Statement of Flnanclal Posltlon
for th• y•ar •nd•d 31st D•c•mbor 2023
2023
UnrnAtrld•d RMtrlcl•d Total
2022
FIXED A8SEf8
Invaslments
802.744
802,744
802,744
712,151
712,151
CURRENT ￿sET8
Dabtorn
C88h al bank aTxJ in I￿nd
35.018
407.044
442,060
35.018
407,044
442.080
42.4V2
285.118
307.808
TOTAL CURRENT ASSETS
1244,804
1.24804 1.019.759
CURRENT UABIUTIES
Cr8dlto
ualg:
Indepernlent exam1n￿9 fa8
NEf ASSEf31LIABIUTIES
1243,820
1.243,820 1,018,199
ReBtriGted fvrKIB
Unre8tricled fund8
1,241820
1,243.820
1243 820 1.018,199
1.243.820 1,018,199
TOTAL CHARITY FUNDS
The8e Ilnandal 81ateM￿ts on page8 4 to 8 Fhpfe approved wthorfsed for Issu8 by the fnth5 on
.. ￿...￿...7&Z4 and 9ign8d on their behair ty.
Tru8tse
Tha notes on pages 9 to 10 do not forni part of tsse finarKial statemenls.
Pag8 5

THE BOSTON STUMP RESTORATION TRUST
Not08 to th• Accounts
lar th• y•ar •nd•d 31•t DoG•rnb•r 2023
The is an wilncorptK8ted ¢h8rfty r8gi9tered In Engl8rMI arnl Wal86 the Charity comm1w1￿ wlh
tho rry18tratlon number 507699. The chathV8 regi6terwJ address Is The RectNy Offic88, 1 Womwats.
Bostcn, PE218NP.
Tho prfThlp81 a￿nI1Thj pollcle8 ￿lOpted in thg prqjwallon of th8 flnandal 8tthm•ts are 801 b81ow.
(a) Statement ￿coMPlIM ba818 d wepar
Tho fffiWK￿al st8tem8rt8 Iwve pr4pa￿l In aux)rdaY￿
2019)).
• FRS 102 - Tho FlnarKI81 Rop(xUrvJ S&vKlard appllcalAa kn tha UK and Rewbllc of Irelond
• Th8 Ch&r11188 Ad 2011.
Th8 charlty m*ts tho defirluon rf a publlc ta￿lt ty under FRS 102.
(b) Incom8 rec(wJnldon
All rwnlled In the Slatomart of FlnarKlal A￿￿88 when the ¢(¥KIIU(Th for rec4lpt have boon
met. tha amwnt w be m8a8urad rell8bly and it IB probabl8 Ihat th8 Irrx>mo wll be recMI.
{c) Gift8 kn KlrKI
G1ft8 In Klnd are iwht Irrto the ￿unts WI￿18 there Is elther a feagonabl8 rflhelrfalr value to
the fund8 orthe amounl whith18 actually re818￿1. Whffv a valuo Cann￿ b8 determ1￿d, (Y a rn08cM￿1a
eBllmaie applled. tho glft18 In the 8ts1ement (* FI￿r￿1 PAivthB.
(d) Exp•￿11￿￿0 rwnlkin
Exp&Klturo18 includ8d kn the cl Flnonclal AclMU88 M an ￿0￿￿13 ba818 and18 a1¢Xa￿ to a
partlculw fund where tho ￿sts relata dkectly to that l￿d. ExpwKlllur818 cat8gryl8ed U￿1￿ Iho hoadlry8
recorded In the St*ement of FIna￿la1 Adlth.
arr#)unt18 th8 IIMrKaal Statem￿ts for vdurrteer lkno In wlh ts SORP (FR8102).
(•) Wages ond pemlon ccA8t8
Tha ¢hartlles wage8 CO8ts relats8 to emF4gya85 lomially emplo>•d lry tho PCC of th8 Parlth of Booton (an
a0￿￿t￿l rtherfty). ￿l￿vant Ilme Is recharyed to The Bo•ton SIAmp R8Ftorakn Tn*t.
Tho PCC olthe Parlth ol B(thn ¢lHIty operates a d8fined cor*rfbullon pen8ion **em8 tr employe
The ass￿9 dlh8 hekl 88Parats￿ from thoee ofthe ah8rfty. Tho ￿nual contrfbutk>ns payablg kn
relallon to employeg (x￿t8 redwrLwd are Incl￿1￿1 In Slatwnurt of FinE4ndal Acttvlty.
Taxatlon
The chorfty 18 ￿ oxemrt r4Mrlty*iihii tho rnosnlry of 8cheiknle 3 of the Charltl88 Act 2011.
(gl Gd￿ concem
Tha flnaThJal statemwts have been prerAred a golry c(mcwn ba818 a8 Iho1N8te88 b811ove that no
lerial Un￿rta*￿e8 exlot. The tN8t8e8 hava conthred the18vel of l￿d8 held 8rn1 the exp8c￿l8Ve1 of
In(￿me and 8xpondlur8 forthe noxl 12 m(mth8 fr(xn aUlho￿ry tho flnanclal atatemrt whl¢h18 sulldent
wlh trA level rf rB8rn8 rfthe charftyto ba able to conlIn￿ a8 a golr#J ccmcwn.
P￿8@

THE BOSTON STUMP RESTORATION TRUST
Notes ta the Accounts
for th• y•ar •nd•d 31st Dac•mb•r 2023
Ih) J￿￿nts and key 8ourc88 of e8limalk)n ￿¢￿tsInty
Thwe arp 8lwllkant ludgThnts or esttmakn whlch frmve been made in the tho
abov8 accixmtlrwJ ￿1￿108. othw than UBual cut off JuthJeThnts Inclthl&l In prep8yrnnl8 aKI accnja
Quote(I Inveslmenta arn 8h¢x8 at ttthfalr value at ts bal￿¢0 ah8￿ dato (988 note 51 Ary n￿Vern￿ In
th81r f81r v8lu818 rncogni8ffl1 In th8 SOF
O) DdlnKlon rf Fund8
Um8trlcted are avail*)18 for u88 at th8 dl8crnli(m ￿the Tr￿1086 In the fwtheMGe of lh8 genernl
otIgGts ofth8 charlty and whh* have not b?￿ deg1wa￿ for otr*r wrpo88&
Ro8trkied fvrK18 we furxls vthlth ara to be In aCCord￿ce I￿h 8pth re811i(thn8 imp088d by th)rnr8
or wlmch have ￿en ra18￿1 by tho charlty for p8rt1(xlar purwees. The costs rf admlnl8t8rfNJ s￿h fund8 are
4alnst the Sp￿￿C furnj. The InterKl8d u88 of 88ch rn8trIC￿ furxl18 aei (xrt kn the rnte8.
The yJrW swf¢o3ts Incurred duhw the ￿ar to:
2022
Salari08 {inc. Ih InswarK8)
Sodal se￿ co81
P￿S￿n CLwi8
&3.731
3,498
1,004
31.814
The numb8r d p8mn8 by th8 ch8rfty durlr¥ the ￿fir a￿Urrted io 1 (2022: 11
The charty IB contrdl&l bj ts tN8teeB 88 a body and Tr) IN11￿dual does or c(wFd exert control.
Thwe wwo Th) tran8KUon8 with any relabj parUe8 that requir6 diu108urn In th8 f￿8￿la1 818t￿n0
Tho charlty Is al80 a￿Oda￿ th PCC of the Parf8h ￿ Bo8ton (Chwty No. 1138045) tho Rw Salty
CHfton and CFvf8 Ladner ￿ttIr￿ on The Tnjotees BO8￿ ol both charlll8& Tho tharili88 dosely tW￿r
In relatkn lo any renovatlcm rnqukul at Th8 Parhh Churth of St Botoljh. Bo8tM.
Dwlng £nl (2022- £150,OOW fvrKla. aot a81de by Boston Stuny Re8toralJon Trust to help knnd
the redevelopm&￿ of the Bl8nkln Memcylal by the PCC of Parf8h (* B03ton) wwe donated
to the PCC. In ad(111(m. a8 UKIW lernis (* the Trn8t D*1 c¢ The Stump Restcffation Tru8L In
2023 the (tsrty 8pont a ftwlher £21228 M WDviding rryairn to ts faiYlG oftho dro•.
) remnor8llon dir• or Indlrndy. of the fLmd6 of the charlty. wa8 pakl (Y pa￿19 for the w to any
In*8 (Y Io pw8cffi or p8r8(ms knthvn to be txnnthj to thBm.
expen8e8 ha8 baen mada ty18 duo to be madg to any (*lhe tru•te88 in
Pa￿7

THE BOSTON STUMP RESTORATION TRUST
Not•8 to tho Accounts
for th• y•ar •nd•d 31•t D•c•rnb•r 2023
Un118
ur20064886 Hdd
Unli
2023
2022
St J•rnM W•alth Acc¢wnt
Glob81 Clo88 M UT
Sust & Re8p Equlty Cla88 M UT
Balernl Mgd Cla58 M UT
Irrtl Ewlty Cla88 M UT
Corp B(VKI Cla68 M UT
N(Yth Am8rfc8n M UT
Glcl>al Va￿8 M
Worl(hvkl8 Incrn M Lrr
54J09.188
47,881.714
3TI.XI 205,663
383.40
173.275
172.507
160.342
131,491
125,223
122,588
36,994.696
41,320.586
86.984.415
39&40
145,537
34&20 1U878
154.50
134.391
2.744
712.151
The above In￿SImentS are h8ld by th8 Bost(￿ Slump R6thraliDn Tru8t and IB an Unre#JIG￿ fvnd.
AllJan
2023
Inc￿1￿ Outgoh
At 31 Doc
Unr•Btrfci•d fund8
furn
De81gna￿j fun
993,199
200,551
25,070
(6.25J) 1.212.570
6,250
6,250
25,0
1.243,820
T¢)tal
.018.199 200,551
5,070
1018 199
200 551
All In the 2￿23 yBAr were In rd8llon to ￿restrIcted fvmd8.
The fvnds arn constlluial a8 foll¢x8.'
2023
Unr••trlol•d RO•tr￿￿ fo
Funth
Fund•
2022
Total
Fthed as8*3
InveBlrnonts
802.744
35.016
407,044
(w)
2,744
35,016
407.1)44
(984)
1243 820
712.151
Cash at b￿k and kn hand
Olh8r 8888181 (IlabHIIkn)
265.116
1018 199

THE BOSTON 8TUMP RESTORATION TRUST
Notss to th• Accounts
for tho y•ar ended 31•t DK•mb•r 2023
Th• fdl(NAng pag• dou form rfth• flnwd41 •t•t•m•nts

THE BOSTON STUMP RESTORATION TRUST
Notss to th• Accounts
for the year endad 31•t DK•mb•r 2023
2022
Don8llons
100.500
Sthb dgood8
3&058
4065
106
8enk cl￿•
106
14.584
ISQOOO
Xl,5.848
14.584
159,L
205.848
29
(62.aW2)
(02,￿2)
18
8 Fu
At1J•n
In¢￿Ing Outyolng
At31D
2022
Unro•trlct•d fund•
General fund
Deblgnatad fiJnd8:
1.011.387
100.552
{11&740)
993,199
150.CX)O
25,IMJO
(150,CKIO)
26.CrfXI
1.1W387 100.552
2W740
1&199
R••trfct•d fund8
Pwjg 10