HULME'S BOLTON LECTURESHIP CHARITY ESTATE
The appointment and maintenance in office of a lecturer being a person in holy orders to minister in the church of St. Peter, the parish church of Bolton, in accordance with the requirements of the scheme of this charity.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves of £1,814,023 are maintained at a level equivalent to one year’s unrestricted expenditure, satisfying the charity's own reserves policy. The charity reports a net income of £4,864 for the year, with total investment income of £79,525 covering total expenditure of £74,661. The trustees confirm there are no material uncertainties regarding the charity's ability to continue in operational existence.
What the accounts disclose
“It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to one year’s unrestricted expenditure.” — page 5
“The Hulme’s Bolton Lectureship Charity Estate pays the salary of Lecturer Rev | Hepburn and the PCC of The Parish Church of the Ecclesiastical Parish of St Peter's, Bolton-le-Moors pays his expenses which are reimbursed by Hulme’s Bolton Lectureship Charity Estate.” — page 4
Trustees
- AUBREY CHAPMAN
- Andrew Richard Cox
- CHRISTINE MAXWELL-HODKINSON FCA FCCA
- KEITH LEWIS ACTON
- Kathryn Louise Hodgkiss
- STANLEY GORDON WILSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £80k | £75k |
| 31/12/2023 | £76k | £67k |
| 31/12/2022 | £72k | £59k |
| 31/12/2021 | £70k | £60k |
| 31/12/2020 | £66k | £32k |
Common questions
Is HULME'S BOLTON LECTURESHIP CHARITY ESTATE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves of £1,814,023 are maintained at a level equivalent to one year’s unrestricted expenditure, satisfying the charity's own reserves policy. The charity reports a net income of £4,864 for the year, with total investment income of £79,525 covering total expenditure of £74,661. The trustees confirm there are no material uncertainties regarding the charity's ability to continue in operational existence. Its FY2024 accounts were independently examined.