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|Trustees|8|Advisers||||
|Trustees'|Annual<br>Report|||||
|Independent||Examiner's||Report to the Trustees||
|Receipts|8|Payments|Account|||
|Statement||ofAssets 8|Liabilities|||
|Notes to the Accounts||||||





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|||||Unrestricted|funds|funds||
|---|---|---|---|---|---|---|---|
|||||Year to||Year|to|
||||Notes|31 August 2023|31|August <br>f|2022|
|RECEIPTS||||||||
|Investment<br>Income||||||||
|Citigroup<br>Quilter dividends||||12,442|||12,139|
|Charities<br>Official Investment<br>(income shares)||Fund||161|||137|
|Charifund<br>dividends||||17,744|||16,589|
|Bank interest received||||218|||2|
|TOTAL RECEIPTS||||30565|||28 867|
|PAYMENTS||||||||
|Direct Charitable<br>Expenditure||||||||
|Grants to pupils 8 schools||||16,850|||22,900|
|Other Expenditure||||||||
|Management<br>fees||||2,571<br>2,633||||
|Accountancy<br>fees||||1,140|720|||
|Professional<br>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<br>(losses) Igains||on||||||
|retained<br>investments||||52 209|||24 376|
|Net movement<br>offunds||||(15,484)|||(15,864)|
|Fund balance brought|forward|||715198|||731 062|
|Fund balance carried|forward|||699714|||715198|





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|||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<br>investment|(losses)|~52 209|~24 376|
|Market value as at 31August 2023||628,738|658,526|





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||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|





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|||||||||
|---|---|---|---|---|---|---|---|
|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<br>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<br>ord USD0.10|||1,657|1,606|1,574|1,606|
|2,500|JP Morgan American<br>Investment||Trust|20,100|10,477|18,675|10,477|
|60|Persimmon<br>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<br>Inv Mgmt Europe SA|||20,959|12,774|20,131|12,774|
|2,500|Schroder Oriental<br>Income Fund|||6,113|5,057|6,600|5,057|
|100|Allspring<br>Lux Worldwide<br>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<br>Infra Tr|||3,094|3,684|3,990|3,684|
|4,125|The Renewables<br>Infrastructure|Grp||4,488|5,406|5,981|5,406|
|6,001|VH Gbl Sustainable<br>Energy Opps|||4,765|6,202|6,751|6,202|
||JPMorgan<br>Global Core Real Assets|||||5,363|5,060|
|75|Anglo American<br>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<br>Songs Fund<br>Ltd ord NPV|||2,178|3,390|3,161|3,390|
|1,750|Fidelity Investment<br>Funds Fidelity|||2,319|2,392|||
|850|HSBC ETFSPic SBP 500 UCITS||ETF|30,598|28,289|||
|800|Ishares<br>II Pic UK Property<br>UCITS||ETF|3,350|3,644|||
|5,000|Legal 8 General<br>(Unit Trust Mgrs)||Ltd|2,496|2,601|||
|12,000|Royal London Bond Funds ICVC|||13,632|13,378|||
|6,000|United<br>Kingdom 4.25% Snr Bds|||5,746|5,779|||
||07/12/2040|||||||
|5,500|United<br>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<br>(income)|||291,957|80,000|307,884|80,000|
|||||628,738|394,701|658,526|372,280|





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|Reconciliation<br>ofCash|Balances|||
|---|---|---|---|
|||2023|2022|
||||f|
|Net payments<br>for the period||9,583|2,214|
|Purchase<br>of investments||(91,060)|(22,572)|
|Proceeds on sale of investments||95781|30669|
|Increase<br>in cash||14,304|10,331|
|Cash balances<br>brought|forward|56672|46 341|
|Cash balance carried|forward|70976|56 672|