| 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 2023 | 31 | August f |
2022 | |||
| RECEIPTS | |||||||
| Investment Income |
|||||||
| Citigroup Quilter dividends |
12,442 | 12,139 | |||||
| Charities Official Investment (income shares) |
Fund | 161 | 137 | ||||
| Charifund dividends |
17,744 | 16,589 | |||||
| Bank interest received | 218 | 2 | |||||
| TOTAL RECEIPTS | 30565 | 28 867 | |||||
| PAYMENTS | |||||||
| Direct Charitable Expenditure |
|||||||
| Grants to pupils 8 schools | 16,850 | 22,900 | |||||
| Other Expenditure | |||||||
| Management fees |
2,571 2,633 |
||||||
| Accountancy fees |
1,140 | 720 | |||||
| Professional fees |
421 | 400 | |||||
| 4 132 | 3753 | ||||||
| TOTAL PAYMENTS | 20 982 | 26653 | |||||
| Net receipts I(payments) | for year | 9,583 | 2,214 | ||||
| Realised gains on sale | of investments | 27,142 | 6,298 | ||||
| Unrealised (losses) Igains |
on | ||||||
| retained investments |
52 209 | 24 376 | |||||
| Net movement offunds |
(15,484) | (15,864) | |||||
| Fund balance brought | forward | 715198 | 731 062 | ||||
| Fund balance carried | forward | 699714 | 715198 |
| 2023 | 2022 | ||
|---|---|---|---|
| UK Quoted Investments | |||
| Market value as at 1 September 2022 | 658,526 | 684,721 | |
| Additions | 91,060 | 22,572 | |
| Disposals | (95,781) | (30,689) | |
| Realised gains on sales | 27,142 | 6,298 | |
| Net unrealised investment |
(losses) | ~52 209 | ~24 376 |
| Market value as at 31August 2023 | 628,738 | 658,526 |
| 2023 | 2022 | ||
|---|---|---|---|
| f | f | ||
| Market | Cost | Market | Cost |
| Value | Value | ||
| 3,881 | 1,742 | ||
| 6,795 | 6,786 | 7,070 | 6,786 |
| 4,949 | 4,657 | 5,395 | 4,657 |
| 5,143 | 6,861 | 5,807 | 6,861 |
| 4,927 | 8,786 | 6,014 | 8,786 |
| 3,492 | 4,278 | 3,652 | 4,278 |
| 2,210 | 4,603 | 2,468 | 4,603 |
| 2,438 | 2,614 | 3,311 | 3,921 |
| 9,720 | 8,238 | 10,388 | 8,238 |
| 3,244 | 1,850 | 3,764 | 1,850 |
| 5,555 | 7,774 | 5,518 | 7,774 |
| 4,373 | 4,123 | 7,932 | 8,246 |
| 4,535 | 3,003 | 4,937 | 3,003 |
| 3,234 | 1,040 | 3,140 | 1,040 |
| 17,051 | 3,300 | ||
| 9,646 | 5,908 | 9,160 | 5,908 |
| 1,220 | 889 | 2,479 | 1,777 |
| 1,800 | 969 | 2,090 | 969 |
| 3,146 | 5,042 | 2,945 | 5,042 |
| 2,392 | 1,724 | 2,231 | 1,724 |
| 2,196 | 2,065 | 3,470 | 2,065 |
| 7,500 | 7,027 | 7,530 | 7,027 |
| 855 | 896 | 955 | 896 |
| 1,422 | 1,790 | 1,641 | 1,790 |
| 1,932 | 2,473 | 1,807 | 2,473 |
| 4,935 | 2,325 | 4,595 | 2,325 |
| 3,282 | 4,121 | 3,302 | 4,121 |
| 2,103 | 3,979 | 2,800 | 3,979 |
| 2,284 | 2,839 | 1,920 | 2,839 |
| 2,453 | 2,249 | 2,431 | 2,249 |
| 2,944 | 3,005 | 4,988 | 5,009 |
| 5,331 | 2,078 | 5,322 | 2,078 |
| 1,711 | 928 | 1,994 | 928 |
| 17,567 | 12,023 | 16,543 | 12,023 |
| 2,623 | 3,170 | 3,452 | 3,170 |
| 5,127 | 3,071 | ||
| 6,255 | 5,686 | 7,487 | 5,686 |
| 144,212 | 135,799 | 184,597 | 152,234 |
| xed Assets | (Continued) | 2023 | 2022 | ||||
| f | f | ||||||
| Units | Investment | Market | Cost | Market | Cost | ||
| Value | Value | ||||||
| Total b/fwd | 144,212 | 135,799 | 184,597 | 152,234 | |||
| 2,166 | International Public Partner ord |
0.0001p | 2,859 | 3,162 | 3,557 | 3,162 | |
| 700 | Pimco Gbl Advrs Gbl Inv Grade | Cred | 7,819 | 9,991 | 8,050 | 9,991 | |
| 450 | Smith (DS)ord 10p | 1,405 | 1,902 | 1,205 | 1,902 | ||
| 100 | Smiths Group ord GBP0.375 | 1,640 | 1,533 | 1,491 | 1,533 | ||
| 60 | Experian ord USD0.10 |
1,657 | 1,606 | 1,574 | 1,606 | ||
| 2,500 | JP Morgan American Investment |
Trust | 20,100 | 10,477 | 18,675 | 10,477 | |
| 60 | Persimmon Ord GBP0.01 |
640 | 1,267 | 886 | 1,267 | ||
| 95 | Relx Pic GBP0.1444 | 2,449 | 1,588 | 2,149 | 1,588 | ||
| 1,000 | MBG Pic Ord GBP0.05 | 1,910 | 2,182 | 1,958 | 2,182 | ||
| BNY Mellon Global Funds Pic US | Eq | 23,268 | 17,624 | ||||
| 110 | Schroder Inv Mgmt Europe SA |
20,959 | 12,774 | 20,131 | 12,774 | ||
| 2,500 | Schroder Oriental Income Fund |
6,113 | 5,057 | 6,600 | 5,057 | ||
| 100 | Allspring Lux Worldwide Fund |
7,917 | 9,594 | 8,848 | 9,594 | ||
| 7,000 | BNY Mellon Fund Mgrs Global | Inc | 7,263 | 7,210 | 7,725 | 7,210 | |
| BNY Mellon Fund Mgrs Global | Inc | 13,155 | 11,307 | ||||
| 3,500 | Octopus Renewables Infra Tr |
3,094 | 3,684 | 3,990 | 3,684 | ||
| 4,125 | The Renewables Infrastructure |
Grp | 4,488 | 5,406 | 5,981 | 5,406 | |
| 6,001 | VH Gbl Sustainable Energy Opps |
4,765 | 6,202 | 6,751 | 6,202 | ||
| JPMorgan Global Core Real Assets |
5,363 | 5,060 | |||||
| 75 | Anglo American USD0.54945 |
1,575 | 2,460 | 2,087 | 2,460 | ||
| 90 | Rio Tinto ord GBP0.10 | 4,385 | 4,766 | 4,294 | 4,766 | ||
| 500 | Haleon Pic ord GBP0.01 | 1,613 | 1,725 | 1,294 | 1,725 | ||
| 2,500 | Fidelity UCITS ICAV US Quality | Income | 17,622 | 16,963 | 5,892 | 5,751 | |
| 6,100 | Assura Pic ord GBP0.10 | 2,799 | 4,328 | 3,974 | 4,328 | ||
| 2,800 | Hipgnosis Songs Fund Ltd ord NPV |
2,178 | 3,390 | 3,161 | 3,390 | ||
| 1,750 | Fidelity Investment Funds Fidelity |
2,319 | 2,392 | ||||
| 850 | HSBC ETFSPic SBP 500 UCITS | ETF | 30,598 | 28,289 | |||
| 800 | Ishares II Pic UK Property UCITS |
ETF | 3,350 | 3,644 | |||
| 5,000 | Legal 8 General (Unit Trust Mgrs) |
Ltd | 2,496 | 2,601 | |||
| 12,000 | Royal London Bond Funds ICVC | 13,632 | 13,378 | ||||
| 6,000 | United Kingdom 4.25% Snr Bds |
5,746 | 5,779 | ||||
| 07/12/2040 | |||||||
| 5,500 | United Kingdom 4.25% Snr Gilt |
5,192 | 5,552 | ||||
| 07/12/2049 | |||||||
| Total for Quilter Cheviot | 332,795 | 314,701 | 346,656 | 292,280 | |||
| 252.51 | COIF (income) shares | 3,986 | 3,986 | ||||
| 20,999 | M8G Charifund (income) |
291,957 | 80,000 | 307,884 | 80,000 | ||
| 628,738 | 394,701 | 658,526 | 372,280 |
| Reconciliation ofCash |
Balances | ||
|---|---|---|---|
| 2023 | 2022 | ||
| f | |||
| Net payments for the period |
9,583 | 2,214 | |
| Purchase of investments |
(91,060) | (22,572) | |
| Proceeds on sale of investments | 95781 | 30669 | |
| Increase in cash |
14,304 | 10,331 | |
| Cash balances brought |
forward | 56672 | 46 341 |
| Cash balance carried | forward | 70976 | 56 672 |