| Page | |||
|---|---|---|---|
| Trustees | &Advisers | ||
| Trustees' | Annual Report |
||
| Independent Examiner's |
Report to the Trustees | ||
| Receipts | 8 Payments Account |
||
| Statement | ofAssets & Liabilities | ||
| Notes to the Accounts |
| Unrestricted | funds | funds | |||||
|---|---|---|---|---|---|---|---|
| Year to | Year | to | |||||
| Notes | 31August 2022 | 31 | August | 2021 | |||
| RECEIPTS | |||||||
| Investment Income |
|||||||
| Citigroup Quilter dividends |
12,139 | 11,972 | |||||
| Charities Official Investment (income shares) |
Fund | 137 | 132 | ||||
| Charifund dividends |
16,589 | 14,280 | |||||
| Bank interest received | 2 | ||||||
| TOTAL RECEIPTS | 28867 | 26384 | |||||
| PAYMENTS | |||||||
| Direct Charitable Expenditure |
|||||||
| Grants to pupils &schools | 22,900 | 23,050 | |||||
| Other Expenditure | |||||||
| Management fees |
2,633 2,976 |
||||||
| Accountancy fees |
720 | 720 | |||||
| Professional fees | 400 | 380 | |||||
| 3753 | 4 076 | ||||||
| TOTAL PAYMENTS | 26653 | 27 126 | |||||
| Net receipts I (payments) | for year | 2,214 | (742) | ||||
| Realised gains on sale | of investments | 6,298 | 999 | ||||
| Unrealised (losses) / gains |
on | ||||||
| retained investments |
24 376 | 119616 | |||||
| Net movement offunds |
(15,864) | 119,873 | |||||
| Fund balance brought | forward | 731 062 | 611 189 | ||||
| Fund balance carried | forward |
| 2022 | 2021 | |||
|---|---|---|---|---|
| UK Quoted Investments | E | E | ||
| Market value as at 1 September 2021 | 684,721 | 562,389 | ||
| Additions | 22,572 | 48,147 | ||
| Disposals | (30,689) | (46,430) | ||
| Realised gains on sales | 6,298 | 999 | ||
| Net unrealised | investment | (losses) | ||
| Igains | 24 376 | 119616 | ||
| Market value | as at 31August 2022 | 658,526 | 684,721 |
| Fixed | Ass | ets (Continued) | 2022 | 2021 | ||||
| f | f | f | F | |||||
| Units | Investment | Market | Cost | Market | Cost | |||
| Value | Value | |||||||
| BHP Billiton Pic USD 0.50 | 9,594 | 6,666 | ||||||
| 500 | BAE Systems Ord 2.5p | 3,881 | 1,742 | 2,842 | 1,742 | |||
| 8,387 | M&G Securities Ltd Corp Bond 1GB |
7,070 | 6,786 | 8,565 | 6,786 | |||
| 5,000 | 4.25'/o Treasury 2027 | 5,395 | 4,657 | 6,186 | 4,657 | |||
| 5,000 | 4.75'/o Treasury 2027 | 5,807 | 6,861 | 6,855 | 6,861 | |||
| 5,000 | 4.5'/o Treasury 2027 | 6,014 | 8,786 | 8,301 | 8,786 | |||
| 4,212 | Hermes Fund Managers |
3,652 | 4,278 | 4,265 | 4,278 | |||
| 1,500 | Barclays Ord 25p | 2,468 | 4,603 | 2,774 | 4,603 | |||
| 750 | BPOrd USD 0.25 | 3,311 | 3,921 | 4,454 | 7,843 | |||
| 7,500 | Bailie Gifford &Co Japanese | inc Gwth | 10,388 | 8,238 | 11,288 | 8,238 | ||
| 100 | Diageo Ord 28 101/108p | 3,764 | 1,850 | 3,494 | 1,850 | |||
| Glaxo Smith Kline Ord 25p | 7,310 | 9,498 | ||||||
| 400 | GSK Pic ord GBP0.3125 | 5,518 | 7,774 | |||||
| 1,500 | HSBC Ord USD 0.50 | 7,932 | 8,246 | 5,793 | 8,246 | |||
| 458 | National Grid Ord 12.431289p |
4,937 | 3,003 | 4,311 | 3,003 | |||
| 80 | Unilever Pic Ord 3.111p | 3,140 | 1,040 | 3,237 | 1,040 | |||
| Artemis Incom I Inc (Inst) |
5,492 | 3,950 | ||||||
| 500 | Ishares FTSE250 Fund/S8 P f500 | 17,051 | 3,300 | 16,411 | 3,300 | |||
| 400 | Royal Dutch Shell "B"Eur 0.07 | 9,160 | 5,908 | 5,724 | 5,908 | |||
| 150 | Scottish &Southern Energy Ord |
50p | 2,479 | 1,777 | 2,449 | 1,777 | ||
| 75 | Severn Trent Ord 97.89p | 2,090 | 969 | 2,072 | 969 | |||
| 1,184 | Tesco Ord 5p | 2,945 | 5,042 | 3,021 | 5,042 | |||
| 120 | Compass Group Pic ord GBP0.1105 |
2,231 | 1,724 | 1,801 | 1,724 | |||
| 3,000 | Vodafone Group Ord USD 0.2095238 | 3,470 | 2,065 | 3,659 | 2,065 | |||
| 6,000 | JP Morgan Gbl Emg Ord 1p |
7,530 | 7,027 | 8,970 | 7,027 | |||
| Aviva Ord 25p | 1,212 | 1,200 | ||||||
| 228 | Aviva Ord GBP0.328947368 | 955 | 896 | |||||
| 650 | Legal &General Group ord GBP0.025 | 1,641 | 1,790 | 1,756 | 1,790 | |||
| 200 | Prudential GBP0.05 |
1,807 | 2,473 | 3,030 | 2,473 | |||
| 2,500 | Mercantile Investment Trust Ord |
25p | 4,595 | 2,325 | 7,250 | 2,325 | ||
| 4,000 | Axa Inv Man US Shr Dur High Yld | 3,302 | 4,121 | 3,628 | 4,121 | |||
| 650 | British Land Company Ord 25p |
2,800 | 3,979 | 3,446 | 3,979 | |||
| Hicl Infrastructure ord GBP 0.0001 |
4,315 | 3,861 | ||||||
| 321 | Standard Chartered ord 50c |
1,920 | 2,839 | 1,460 | 2,839 | |||
| 30 | London Stock Exchange Group ord | 2,431 | 2,249 | 2,387 | 2,249 | |||
| 1,250 | City of London inv ord 25p |
4,988 | 5,009 | 4,956 | 5,009 | |||
| 50 | Astrazeneca ord 25c |
5,322 | 2,078 | 4,257 | 2,078 | |||
| 30 | Reckitt Benckiser Group Ord | 10p | 1,994 | 928 | 1,662 | 928 | ||
| 10,000 | Blackrock Continental European |
Inc | 16,543 | 12,023 | 19,155 | 12,023 | ||
| Total c'fwd | 168,531 | 140,307 | 197,382 | 160,734 |
| ixed Asse | ts (Continued) | 2022 | 2021 | ||||
| E | F | ||||||
| Units | Investment | Market | Cost | Market | Cost | ||
| Value | Value | ||||||
| Total blfwd | 168,531 | 140,307 | 197,382 | 160,734 | |||
| 100 | British American Tobacco Ord 25p | 3,452 | 3,170 | 2,729 | 3,170 | ||
| 30 | Prusik Umbrella Uc Asian Equity |
Inc | 5,127 | 3,071 | 4,524 | 3,071 | |
| 5,000 | Charities Prop Fd Prop Fund Income |
7,487 | 5,686 | 12,639 | 11,373 | ||
| 2,166 | International Public Partner ord |
0.0001p | 3,557 | 3,162 | 3,456 | 2,897 | |
| 700 | Pimco Gbl Advrs Gbl inv Grade | Cred | 8,050 | 9,991 | 9,891 | 9,991 | |
| 450 | Smith (DS)ord 10p | 1,205 | 1,902 | 1,991 | 1,902 | ||
| 100 | Smiths Group ord GBP0.375 | 1,491 | 1,533 | 1,443 | 1,533 | ||
| 60 | Experian ord USD0.10 |
1,574 | 1,606 | 1,922 | 1,606 | ||
| 2,500 | JP Morgan American Investment |
Trust | 18,675 | 10,477 | 17,450 | 10,477 | |
| 60 | Persimmon Ord GBP0.01 |
886 | 1,267 | 1,764 | 1,267 | ||
| 95 | Relx Pic GBP0.1444 | 2,149 | 1,588 | 2,073 | 1,588 | ||
| 1,000 | MBG Pic Ord GBP0.05 | 1,958 | 2,182 | 2,060 | 2,182 | ||
| 15,000 | BNY Mellon Global Funds Pic US Eq | 23,268 | 17,624 | 19,389 | 17,624 | ||
| 110 | Schroder Inv Mgmt Europe SA |
20,131 | 12,774 | 18,919 | 12,774 | ||
| 2,500 | Schroder Oriental Income Fund |
6,600 | 5,057 | 6,788 | 5,057 | ||
| 100 | Allspring Lux Worldwide Fund |
8,848 | 9,594 | 9,569 | 9,594 | ||
| 7,000 | BNY Mellon Fund Mgrs Global |
Inc | 7,725 | 7,210 | 8,322 | 7,210 | |
| 7,000 | BNY Mellon Fund Mgrs Global |
Inc | 13,155 | 11,307 | 12,293 | 11,307 | |
| 3,500 | Octopus Renewables Infra Tr |
3,990 | 3,684 | 3,850 | 3,684 | ||
| 4,125 | The Renewables Infrastructure |
Grp | 5,981 | 5,406 | 5,189 | 5,406 | |
| 6,001 | VH Gbl Sustainable Energy Opps |
6,751 | 6,202 | 4,628 | 4,591 | ||
| 5,000 | JPMorgan Global Core Real Assets |
5,363 | 5,060 | 4,620 | 5,060 | ||
| 75 | Anglo American USD0.54945 |
2,087 | 2,460 | ||||
| 90 | Rio Tinto ord GBP0.10 | 4,294 | 4,766 | ||||
| 500 | Haleon Pic ord GBP0.01 | 1,294 | 1,725 | ||||
| 850 | Fidelity UCITS ICAV US Quality | Income | 5,892 | 5,751 | |||
| 6,100 | Assura Pic ord GBP0.10 | 3,974 | 4,328 | ||||
| 2,800 | Hipgnosis Songs Fund Ltd ord NPV |
3,161 | 3,390 | ||||
| Total for Quilter Cheviot | 346,656 | 292,280 | 352,891 | 294,098 | |||
| 252.51 | COIF (income) shares | 3,986 | 3,986 | ||||
| 20,999 | M8G Charifund (income) |
307,884 | 80,000 | 327,844 | 80,000 | ||
| 658,526 | 372,280 | 684,721 | 374,098 |
| Reconciliation ofCash |
Balances | ||
|---|---|---|---|
| 2022 | 2021 | ||
| F | F | ||
| Net payments for the period |
2,214 | (742) | |
| Purchase of investments | (22,572) | (48,147) | |
| Proceeds on sale of investments | 30689 | 46430 | |
| Increase in cash | 10,331 | (2,459) | |
| Cash balances brought |
forward | 46 341 | 48800 |
| Cash balance carried | forward | 56672 | 46 341 |