| Page | |||||
|---|---|---|---|---|---|
| Trustees | 8 | Advisers | |||
| Trustees' | Annual Report |
||||
| Independent | Examiner's | Report to the Trustees | |||
| Receipts | 8 | Payments | Account | ||
| Statement | ofAssets 8 | Liabilities | |||
| Notes to the Accounts |
| Unrestricted | funds | funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Year to | Year | to | |||||||
| Notes | 31 August 2021 | 31 | August f |
2020 | |||||
| RECEIPTS | |||||||||
| Investment Income |
|||||||||
| Citigroup Quilter dividends |
11,972 | 11,152 | |||||||
| Charities Official Investment (income shares) |
Fund | 132 | 130 | ||||||
| Charifund dividends |
14280 | 16904 | |||||||
| TOTAL RECEIPTS | 26 384 | 28 186 | |||||||
| PAYMENTS | |||||||||
| Direct Charitable | Expenditure | ||||||||
| Grants to pupils 8 | schools | 23,050 | 21,250 | ||||||
| Other Expenditure | |||||||||
| Rents and wayleave | 324 | ||||||||
| Management fees |
2,976 | 3,037 | |||||||
| Accountancy fees |
720 | 720 | |||||||
| Professional fees |
380 | 458 | |||||||
| 4 076 | 4 539 | ||||||||
| TOTAL PAYMENTS | 27 126 | 25789 | |||||||
| Net payments for |
year | (742) | 2,397 | ||||||
| Realised gains on | sale | of investments | 999 | 14,938 | |||||
| Unrealised gains / |
(losses) on | ||||||||
| retained investments |
119616 | 108958 | |||||||
| Net movement of |
funds | 119,873 | (91,623) | ||||||
| Fund balance brought | forward | 611 189 | 702812 | ||||||
| Fund balance carried | forward | 731 062 | 611 189 |
| Notes | 31August | 2021 | 31August | 2020 | |
|---|---|---|---|---|---|
| Fixed assets | |||||
| Investments | 684,721 | 562,389 | |||
| Current assets | |||||
| CAF Bank account | 32,958 | 31,490 | |||
| Citigroup Quilter Capital account |
13383 | 17310 | |||
| 46 341 | 48 800 | ||||
| Net Assets | 731 062 | 611 189 | |||
| Income Funds | |||||
| Unrestricted funds |
731 062 | 611189 |
| 2021 | 2020 | ||
|---|---|---|---|
| UK Quoted Investments | |||
| Market value as at 1 September 2020 | 562,389 | 666,238 | |
| Additions | 48,147 | 76,519 | |
| Disposals | (46,430) | (86,348) | |
| Realised gains on sales | 999 | 14,938 | |
| Net unrealised investment |
losses | 119616 | ~108958 |
| Market value as at 31August 2021 | 684,721 | 562,389 |
| Fixed Ass | ets (Continued) | 2021 | 2020 | |||||
| f | ||||||||
| Units | Investment | Market | Cost | Market | Cost | |||
| Value | Value | |||||||
| 425 | BHP Billiton Plc USD 0.50 | 9,594 | 6,666 | 7,279 | 6,666 | |||
| 500 | BAE Systems Ord 2.5p | 2,842 | 1,742 | 2,598 | 1,742 | |||
| 8,387 | M8G Securities Ltd Corp Bond 1GB |
8,565 | 6,786 | 8,424 | 6,786 | |||
| 5,000 | 4.25% Treasury 2027 | 6,186 | 4,657 | 12,990 | 9,313 | |||
| 5,000 | 4.75%Treasury 2027 | 6,855 | 6,861 | |||||
| 5,000 | 4.5%Treasury 2027 | 8,301 | 8,786 | |||||
| 4,000 | Hermes Fund Managers |
4,265 | 4,278 | |||||
| 1,500 | Barclays Ord 25p | 2,774 | 4,603 | 2,799 | 7,671 | |||
| 1,500 | BP Ord USD 0.25 | 4,454 | 7,843 | 3,963 | 7,843 | |||
| 7,500 | Bailie Gifford &Co Japanese | Inc Gwth | 11,288 | 8,238 | 9,975 | 8,238 | ||
| 100 | Diageo Ord 28 101/108p | 3,494 | 1,850 | 3,764 | 2,775 | |||
| 500 | Glaxo Smith Kline Ord 25p | 7,310 | 9,498 | 7,360 | 9,498 | |||
| 1,500 | HSBC Ord USD 0.50 | 5,793 | 8,246 | 4,952 | 8,246 | |||
| BTGroup Ord 5p | 1,047 | 3,685 | ||||||
| 458 | National Grid Ord 12.431289p |
4,311 | 3,003 | 3,862 | 3,003 | |||
| 80 | Unilever Plc Ord 3.111p | 3,237 | 1,040 | 3,568 | 1,040 | |||
| Artemis Fd Mngrs Income Institutional |
5,146 | 4,322 | ||||||
| 5,000 | Artemis Incom I lnc (Inst) |
5,492 | 3,950 | 8,306 | 7,900 | |||
| 500 | Ishares FTSE250 Fund/S8 P 8500 | 16,411 | 3,300 | 13,051 | 3,300 | |||
| 400 | Royal Dutch Shell "B"Eur 0.07 | 5,724 | 5,908 | 4,252 | 5,908 | |||
| 150 | Scottish 8 Southern Energy Ord |
50p | 2,449 | 1,777 | 3,148 | 2,962 | ||
| 75 | Severn Trent Ord 97.89p | 2,072 | 969 | 1,749 | 969 | |||
| 1,184 | Tesco Ord 5p | 3,021 | 5,042 | 3,281 | 5,043 | |||
| 120 | Compass Group Plc ord GBP0.1105 |
1,801 | 1,724 | |||||
| 3,000 | Vodafone Group Ord USD 0.2095238 | 3,659 | 2,065 | 3,343 | 2,065 | |||
| 6,000 | JP Morgan Gbl Emg Ord 1p |
8,970 | 7,027 | 4,570 | 4,048 | |||
| 300 | Aviva Ord 25p | 1,212 | 1,200 | 4,241 | 5,998 | |||
| 650 | Legal 8 General Group ord GBP0.025 |
1,756 | 1,790 | |||||
| 200 | Prudential GBP0.05 |
3,030 | 2,473 | |||||
| 2,500 | Mercantile Investment Trust Ord |
25p | 7,250 | 2,325 | 6,790 | 3,255 | ||
| 4,000 | Axa Inv Man US Shr Dur High Yld | 3,628 | 4,121 | 3,609 | 4,121 | |||
| 650 | British Land Company Ord 25p |
3,446 | 3,979 | 2,377 | 3,979 | |||
| 2,500 | Hicl Infrastructure ord GBP0.0001 |
4,315 | 3,861 | 4,190 | 3,861 | |||
| 321 | Standard Chartered ord 50c |
1,460 | 2,839 | 1,260 | 2,839 | |||
| 30 | London Stock Exchange Group ord | 2,387 | 2,249 | |||||
| 1,250 | City of London inv ord 25p |
4,956 | 5,009 | 4,031 | 5,009 | |||
| 50 | Astrazeneca ord 25c |
4,257 | 2,078 | 6,255 | 3,117 | |||
| 30 | Reckitt Benckiser Group Ord | 10p | 1,662 | 928 | 2,253 | 928 | ||
| 10,000 | Blackrock Continental European |
Inc | 19,155 | 12,023 | 16,445 | 12,023 | ||
| Total c'f'wd | 197,382 | 160,734 | 170,878 | 158,153 |
| i | xed Ass | ets (Continued) | 2021 | 2020 | ||||
| f | ||||||||
| Units | Investment | Market | Cost | Market | Cost | |||
| Value | Value | |||||||
| Total b/fwd | 197,382 | 160,734 | 170,878 | 158,153 | ||||
| 100 | British American Tobacco Ord 25p | 2,729 | 3,170 | 2,533 | 3,170 | |||
| 30 | Prusik Umbrella Uc Asian Equity inc |
4,524 | 3,071 | 4,132 | 3,071 | |||
| 10,000 | Charities Prop Fd Prop Fund |
Income | 12,639 | 11,373 | 12,295 | 11,373 | ||
| 10,000 | Bny Mellon Fd Mngr Newton | Real | 11,008 | 10,300 | ||||
| 2,000 | International Public Partner ord |
0.0001p | 3,456 | 2,897 | 3,324 | 2,897 | ||
| 700 | Pimco Gbl Advrs Gbl Inv Grade | Cred | 9,891 | 9,991 | 9,772 | 9,991 | ||
| 450 | Smith (DS)ord 10p | 1,991 | 1,902 | 2,139 | 3,496 | |||
| 100 | Smiths Group ord GBP0.375 | 1,443 | 1,533 | |||||
| 60 | Experian ord USD0.10 |
1,922 | 1,606 | |||||
| 2,500 | JP Morgan American Investment |
Trust | 17,450 | 10,477 | 12,975 | 10,477 | ||
| SSGA SPDR EFTS Europe | 5,253 | 5,404 | ||||||
| 60 | Persimmon Ord GBP0.01 |
1,764 | 1,267 | 3,930 | 3,167 | |||
| 95 | Relx Pic GBP0.1444 | 2,073 | 1,588 | 1,617 | 1,588 | |||
| 1,000 | MBG Pic Ord GBP0.05 | 2,060 | 2,182 | 1,730 | 2,182 | |||
| 15,000 | BNY Mellon Global Funds Pic US Eq | 19,389 | 17,624 | 14,391 | 17,624 | |||
| 110 | Schroder Inv Mgmt Europe SA |
18,919 | 12,774 | 14,865 | 12,774 | |||
| 2,500 | Schroder Oriental Income Fund |
6,788 | 5,057 | 5,825 | 5,057 | |||
| 100 | Wells Fargo Asset Mgmt Lux | S.A | 9,569 | 9,594 | 4,127 | 4,488 | ||
| 7,000 | BNY Mellon Fund Mgrs Global |
inc | 8,322 | 7,210 | 10,346 | 11,307 | ||
| 7,000 | BNY Mellon Fund Mgrs Global |
inc | 12,293 | 11,307 | ||||
| 3,500 | Octopus Renewables Infra Tr |
3,850 | 3,684 | |||||
| 4,125 | The Renewables Infrastructure |
Grp | 5,189 | 5,406 | 5,130 | 4,945 | ||
| 4,537 | VH Gbl Sustainable Energy Opps |
4,628 | 4,591 | |||||
| 5,000 | JPMorgan Global Core Real Assets |
4,620 | 5,060 | 5,475 | 5,060 | |||
| Total for Quilter Cheviot | 352,891 | 294,098 | 301,745 | 286,524 | ||||
| 252.51 | COIF (income) shares | 3,986 | 3,986 | |||||
| 20,999 | MBG Charifund (income) |
327,844 | 80,000 | 256,658 | 80,000 | |||
| 684,721 | 374,098 | 562,389 | 366,524 | |||||
| Reconciliation ofCash Balances |
||||||||
| 2021 | 2020 | |||||||
| Net payments for the period |
(742) | 2,397 | ||||||
| Purchase of investments |
(48,147) | (76,519) | ||||||
| Proceeds on sale of investments | 46 430 | 86 348 | ||||||
| Increase in cash |
(2,459) | 12,226 | ||||||
| Cash | balances brought forward |
48800 | 36 574 | |||||
| Cash | balance carried forward | 46 341 | 48 800 |