2022-04-05-accounts - Oliver Ford Foundation

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Settlor.		Oliver Ford
Governing	Instrument:	Will dated 20 February		1988
Trustees:		Lady Allson Wakeham
		Martin Philip Levy
		Matthew Derek Pintus
Charity Address:		Macfarlanes LLP
		20Cursitor Street
		London
		EC4A 1LT
Charity Registration
Number.		1026551
Solicitors:		Macfarlanes LLP
		20 Cursitor Street
		London
		EC4A 1LT
		(Partner: NJSHarries)
Bankers:		The Royal Bank ofScotland Pic
		62 - 63Threadneedle	Street
		London
		EC2R 8LA
Auditors:		Humphrey &Co Audit	Services Limited
		Chartered Accountants		and Statutory	Auditors
		7 - 9The Avenue
		Eastbourne
		East Sussex BN21 3YA
Investment	Advisers:	Evelyn Partners formerly		Smith &Williamson		Inv Management	Ltd
		45 Gresham Street
		London
		EC2V 7BG

			Note	2022f	2021f
Income and Expenditure
Income from:
Investments				79934.08	65336.34
				79,934.08	65,336.34
Expenditure on:
Qyjging fundd Investment Management	Fees			12,769,63	11,718.67
Legal Entity Identier Registration		Fee		78,00	78.00
Charitable activities
Donations			10	139,095.00	200,433,14
Funding cornmitrnents			11	2,870.20	4,242.92
Q"'
Legal Fees				18,000.00	22,000.00
Audit Fees				4,080.00	3,900.00
Macfarlanes Accountancy	Fees			3,000.00	3,000.00
Total resources expended				179892.83	245372.73
Net gains (losses) on investments				f209,734.36	f611,930.89
Net movement In funds				109,775,61	431,894.50
Fund balances at6 April 2021				2,847,726.80	2,415,832,30
Fund balances at 5April	2022
All funds are unrestricted

Income from Investments			2022	2021f
Income received - U K Equities			46,444.05	35,009.01
Income received - Unit Trusts			14,086.30	15,172.36
Fixed Interest Securities			106.56	100.71
Income from Overseas Securities			14,257.57	9,731.31
Property Income Distribution			5,039.60	5,154.00
Interest on Cash Deposits				168.95
3Auditor's Remuneration
The analysis of auditor's remuneration		Isas follows:
Fees payable to the Charity's	auditor	and associates:	2022	2021
Audit ofthe Charity's accounts			4,080,00	3,900.00
			R4,080.00	R3,900.00

			2022	2021
			R	K
Revaluation	of	Investments	204,630.04	597,957.34
Gain/(loss)	on	Sale of Investments	5,104.32	13,973.55

Fixed Asset Investments
		2022f	2021
Listed Investments		2,673,691.26	2,744,889.65
Listed Investments included	above:	2022f	2021f
U K Equities and Unit Trusts		147,977.65	2,027,371.72
Fixed Interest Securwes		1,952,611.57	143,995.58
Overseas Securities		573,102.04	573522.35
Fixed Asset Investments	Revalued	2,673,691.26	2,744,889,65

Movemen	ts in Fixed Asset Investm	ents
		2022	2021
		f	f
Cost or Valuation
At 5 April	2021	2,744,889.65	2,132,965.00
Additions		42,940.92	144,465.21
Valuation	Changes	209,734.36	611,930,89
Dlsposals		(323,873.67)	(144,471.45)
At 5April	2022	f2,673,691.26	f2 744 889.65
Carrying
Amount
At 5 April	2022	f2,673,691.26	f2,744,889.65
At 5April	2021	f2 744,889.65	f2,132965.00

	THE OLIVER FORD WILL T	THE OLIVER FORD WILL T	RUST	RUST
	NOTES TO THE FINANCIAL		STATEMENTS		FOR THE YEAR ENDED 5 April 2022
8	Financial Instruments					2022	2021
						E
	Carrying Amount ofFinancial Assets
	Debt instruments measured	at amortised		cost			942.20
	Equity instruments measured		at cost less	impairment		2,673,691.26	2,744,889.65
	Carrying Amount ofFinancial Liabilities
	Financial liabilities measured		at amortlsed	cost		67,603.02	130,675.30
	Financial Liabilities: breakdown
	Amounts falling due within		one year:
	Donations payable: Royal Horticultural Sodety						10,000,00
	Accounts preparation					3,000.00	3,000,00
	Audit fees					4,080.00	3,900.00
	Investment Management Fees Legal Fees					2,979.33 9,000.00	3,101.81 15,000.00
	Funding commitments					48,543.69	47,129.80
						267,603.02	882,131.61
	Funding commitments due		after one year				48,543.69
						867,603,02	2130,675.30
9	Current Assets
						2022	2021
	Debtors
	Dividend income due at 5 April 2021						942.20
	Cash at bank and In hand
	Macfarlanes LLP					23,232.54	66,945,09
	Smith S Williamson Investment		Management		Limited	328,181.63	165,625.16
						E351,414.17	2233,512.45

10Charitable Donations	Made By	The Trust
			2022f	2021f
Grants to Students:-
Furniture History Sodety			1,000.00	2,433.14
Royal Horticultural Sodety			15,000.00	10,000.00
Enham			10,000.00	15,000.00
Fltzroy Support				'I5,000.00
Hamlet Centre Trust			5,000.00
Hft				15,000.00
Keynsham & District Mencap Society			5,000.00
Liveabilfty				3,000.00
Maclntyre				15,000.00
Martha's Trust				15,000.00
Martineau Gardens			5,000.00
Mount Camphlll Community				20,000.00
Norwood Ravenswood				15,000.00
Priors Court Foundation				15,000.00
Rainbow Living				15,000.00
Rippon Community Link	Company	Ltd	10,000.00
Royal Mencap Sodety				15,000.00
Scottish Autism			2,475.00
Stable Family Home Trust			10,000,00	15,000.00
The Fifth Trust			29,000,00
The Mudlarks Community			10,000.00
The Odell Trust			10,000.00
The Rossendale Trust Ltd				15,000.00
The Royal School for the Blind			10,000.00
Time Out Group (North	West)		5,000.00
Walton Lea Partnership			2,000.00
West Berkshire Mencap			9,620.00
			f139,095,00	f200,433.14

Appendix	Appendix
1) Income from Investments
	Holding	Date	Gross	Tax	Overseas	Net
					Tex
UK EQUITIES - DIVIDENDS
Aviva Pic Ord 25p
Shares	10,000	14/05/21	1,400.00			1,400.00
		07/10/21	735.00			735.00
BHP Blliiton Pic
Ord US$0.50
Shares	3,000	21/09/21	4,331.35			4,331,35
BPPic Ord
US$0,25Shares	7,000	18/06/21	259.83			259.83
		24/09/21	276,70			276.70
		17/12/21	287.32			287.32
		25/03/22	291.17			291.17
Compass Group
Pic Ord 11.05p Shares	4,400	28/02/22	616.00			616.00
Diageo Pic Ord 28
101/108p Shares	2,500	08/04/21	699.00			699,00
		07/10/21	1,114.75			1,114.75
GlaxoSmithKline
RcOrd 25p
Shares	3,000	08/04/21	690.00			690.00
		08/07/21	570.00			570,00
		07/10/21	570.00			570.00
		13/01/22	570.00			570.00

THE OL	IVER FORD	WILL TRUS	T
		Holding	Date	Gross	Tax	Overseas	Net
						Tax
Jackson	Financial
inc Common
US$0.01 A Shares		116	15/09/21	2,267.31			2,267.31
Johnson	Matthey
Pic Ord	11049/53p
Shares		1,351	03/08/21	675.50			675.50
Legal &	General
Group Pic Ord 2.5p
Shares		14,500	27/05/21	1,832.80			1,832.80
			20/09/21	751.10			751,10
M &G PlcOrd
0.05p Shares		4,650	28/04/21	568.70			568,70
			29/09/21	283.65			283.65
National	Grid Pic
Ord 12204/473p
Shares		4,876	18l08/21	1,568,12			1,568.12
			19/01/22	839.16			839.16
Persimmon Pic
Ord 10p	Shares	1,500	13/08/21	1,650,00			1,650.00
			01/04/22	1,875,00			1,875.00
Phoenix	Group
Holdings	Plc Ord
10pShares		6,000	18/05/21	1,446.00			1,446.00
			03/09/21	1,446.00			1,446.00
Prudential	Pic Ord
5p Shares		4,650	14/05/21 28/09/21	358.52 180.89			358.52 180.89

	Holding	Date	Gross	Overseas	Net
				Tax
Reckltt Benckiser
Pic Ord 1010/19p
Shares	1,150	14/06/21	1,168.40		1,168.40
		15/09/21	839.50		839.50
Rio Tlnto Pic Ord
10p Shares	1,220	15/04/21	3,521.29		3,521.29
		23/09/21	1,625,77		1,625.77
		23/09/21	3,304,25		3,304.25
Sage Group Pic
Ord 1 4/77p
Shares	7,604	18/06/21			460,04
		10/02/22	884.35		884.35
Shell Pic Class B
Ord Euro 0.07
Shares	3,400	21/06/21	416.84		416,84
		20/09/21	590.92		590.92
		20/12/21	614.04		614.04
		28/03/22	621,52		621.52
Smith (DS)Pic
Ord 10pShares	8,272	04/05/21	330.88		330.88
		01/11/21	670.03		670.03
Supermarket
Income RElT Pic
Ord 0.01 Shares	50,000	20/08/21	440.00		440.00
Unilever Pic Ord 3
1/9p Shares	1,800	10/06/21	667.80		667.80
		08/09/21	664.74		664.74
		01/12/21	647.64		647,64
		22/03/22	648.36		648.36
Vodafone Group
Pic Ord
US$0.2095238
Shares	4,533	06/08/21	173.81		173.81
			f46444.05		F46,444.05

THE OLIV		ER FORD	WILL TRUS	T
			Hokling	Date	Gross	Tax	Overseas	Net
							Tax
UNIT TRUSTS - DIVIDENDS
Aberdeen
Diversified		Income
8 Growth Trust Pic
Ord 25p Shares			40,000	15/07/21	552.00			552.00
				28/10/21	552.00			552.00
				20/01/22	552.00			552.00
				31/03/22	560.00			560.00
BlackRock
Continental
European	Income
Fund D			25,600	30/04/21	92.63			92.63
				30/07/21	873.82			873.82
				29/10/21	277.33			277.33
				31/01/22	194.01			194,01
City of London
Investment		Trust
Pic Ord 25p
Shares			9,000	28/05/21	432.00			432.00
				31/08/21	432.00			432.00
				30/11/21	432.00			432.00
				28l02/22	432.00			432.00
First Sentier
Investments		Asia
Pacic Leaders
Class B NAV
Shares			14,000	30/09/21	322.17			322.17
Foreign &Colonial
Investment		Trust
Pic Ord 25p
Shares			12,500	13/05/21	425,00			425.00
				02/08l21	375,00			375.00
				01/11/21	375.00			375.00
				01/02/22	375.00			375.00
JPMorgan	Asset
Management		UK
Ltd US Equity
Income Fund
Income C NAV
Shares			34,000	30/04/21	639.20			639.20
				30/07/21	615.40			615.40
				29/10/21	683AO			683,40
				31/01/22	632.40			632.40

THE OLIV	ER F	O	RD WILL TRUS	T
			Holding	Date	Gross	Tax	Overseas	Net
							Tax
Morgan Stanley
Investment	Funds
Global Brands		I Inc
NAV			3,400	28/05/21	302.83			302.83
			2,000	28/02/22	438.60			438.60
					f10565.79			810,565.79
UNIT TRUSTS		INTEREST RECEIVED
Blackrock	Fund
Managers	Ltd
Corporate	Bond S
Inc			45,000	30/04/21	275.81			275.81
				30/07/21	287.49			287.49
				29/10/21	273.13			273.13
				31/01/22	282.22			282.22
M & G Investment
Fund (3)Corporate
Bond Fund	Class		I
GBP Income
Shares			90,000	28/05/21	233.91			233.91
				31/08/21	239.31			239.31
				30/11/21	233.64			233.64
Rathbone	Ethical
Bond Institutional
Inc			50,000	28/05/21	425.00			425.00
				31/08/21	420.00			420.00
				30/11/21	415.00			415.00
				28/02/22	435.00			435.00
					E3,520.51			R3,520.51
FIXED INTEREST
Treasury 0.125%
Index-Linked Stock
22/03/29			f65,000	22/09/21	52.20			52.20
				22/03/22	54.36			54.36
					8106.58			&06.56

	Holding	Date	Gross	Overseas	Net
				Tax
OVERSEAS DIVIDENDS
Bank ofAmerica
Corporation
USD0.01 Shares	1,700	25/06/21	217.47	32.62	184.85
		24/09/21	257.40	38,61	218,79
		31/12/21	261,72	39.26	222.46
		25/03/22	267.96	40.19	227.77
BHP Bllllton Pic
Ord US$0.50
Shares	3,000	28/03/22	3,371.42		3,371.42
CG Portfolio Fund
Ltd (Cym) Portfolio
Fund NAV Shares	1	30/1 1/21	395.75		395.75
Commonwealth
Bank Of Australia
NPV Shares	1,150	29/09/21	1,220.64		1,220,64
		30/03/22	1,136.65		1,136,65
Guinness Global
Equity Income
Fund Z Income
Shares	2,500	30/07/21	771.50		771.50
		31/01/22	662.25		662.25
Microsoft
Corporation
USD0.00000625	360	10/06/21	141.76	21.26	120.50
		09/09/21	144.19	21.63	122.56
		09/12/21	167.55	25.13	142.42
		10/03/22	167.78	25.17	142.61
Sequoia Economic
Infrastructure
Income Fund
Limited Class C
Shares	50,000	08/06/21	781.25		781.25
		06/09/21	781,25		781.25
		03/12/21	781.25		781.25
		04/03/22	781.25		781.25
			E12,309.04	K243.87	812065.17

		Holding	Date	Gross	Overseas	Net
					Tax
OVERSEAS INTEREST
Ishares USD
Corporate Bond		9,000	30/06/21	309.60		309.60
			29/09/21	324.90		324.90
			31/12/21	337.50		337,50
			30/03/22	320,40		320.40
Nestle Finance
International
Umlted 2.25'lo
Bites 30/1 1/23		840,000	30/11/21	900.00		900.00
				f2,192.40		K2 192.40
PROPERTY	INCOME	DISTRIBUTION
Supermarket
Income REIT Pic
Ord 0,01 Shares		50,000	21/05/21	732.50		732.50
			20/08/21	292.50		292.50
			16/11/21	742.50		742.50
			25/02/22	742.50		742.50
Warehouse	REIT
Pic Ord 0,01p
Shares		40,800	30/06/21	632.40		632.40
			01/10/21	632,40		632.40
			30/12/21	632,40		632.40
			01/04/22	632.40		632.40
				R5,039.60		E5,039.60

2)		Inveslmenta	held at 8	12021	fnvestmants	hekl at 6	l 2922
							Cost or
				Market			2021	Market	UnresSsed
		Hotdtng	Cost	Vatw	Hokllng	Cost	Ad)usted	Value	galnl(loss)
							Vetw
U KEquttloe	and
Unit Trusts
DiversIed
hccme & Growth
Trual PlcOrd 25p
Shares		40,000	50,301.00	38,080.00	40,000	50,301.00	38,080.00	40,300.00
AStanzT~Tnnrl
RcOrd 25p Shares			5,823.87	110,600.00	25,000	3,839.92	69,125.00	88,375.00	(750.00)
		10,000	39,378M	40,910,00	10,000	39,378.36	40,910.00	44,00D.DO	3,090,00
BPPlc Ord
US$0,25Shares		7,000	42,346.52	20,286.00	7,000	42,348,52	20.286.00		6,517.00
CG Porlfolio	Fund
Ltd(Cym)
PortfaSo Fund
NAV		1	18,752.84	38,304A4	1	18,762.64	36,304A4	39.225.94	2,92150
Qty afLandon
Investmsnl Trust
Plc Ord 25p Shares		9.000	34,173.89	34.065.00	9,000	34,173.69	34.065.00	37.935.00	3.870.00
Compass Group
Plc Ord 11.05p Shares		4.400	25,982.77	85,780.00	4,400	25,982.77	65.780.00	72.445.00	S,668.00
Dlegeo PlcOrd
28 101/108p Shares		2,500	17,980.16	75.175.00	2,500	17,980.15	75,175.00	99,487.50	24,312,50
Rndlsy Park
Funds FP
Amer' SmeSsr
ComPanlea USD		1,33844	29.084A1	181,508A3	1,000.00	21,728A6	120,680.14	136,830.78	14,970.64
Rrsl Sensor
Investments	Aals
Pac(Sc Leaders Qess 8NAY		14.000	36,716.40	134,773.80	14,000	37,037.S7	135,095,97	141,16S.SO	8,089.83
Foreign &
Co(on(el
tnvsslment Trust
RcOrd 2Sp Shares		12,600	17,M4.79	99,750.00	12,500	17,M4.79	99,750.00	'l08,375.00	8,625,00
		3,000	21.281.25	38,328,00	3,000	21,28125	38,328.00	61,114,00	12,786.DO
		909	24,018.95	45,849.96	909	24,016.95	45,849.96	47,322.54	'l,472.58

		ktvestmsnts	held at 6	2921	Invastmattts	held at d	2022
							Cost or
				Market			2021	Market	Unreallsed
				Value	Holcgng	Cost	Ad)usted	Value	gain/(loss)
							Value
Johnson Matthey
Plc Ord 110
49/63p Shares ~AM	UK	1,351	27,699.79	40,719.14
Ltd US Equky
Income Fund
Income C NAV
Shares			50,442.90	128,990,00	34,000	60,442JIO	126,990.00	148.711LOO	21,728,00
Legal 8General
Group RcOrd 2,6p Shares		14,500	40,356.11	41,107JIO	14,500	40,358,11	41,107.50	39,541.50	(1,688.00)
ht6G Inveslmenl
Fund (3)
Corporate Bond
Fund Class I GBP
Income Shares		90,000	29,497.87	37.665,00
M6G RcOrd
0.05p Shares		4,8SO	S,589.00	9,737.10
Morgen Stanley
Investment Funds
Qobsl Brands Inc NAV	I	3,400	35,920.87	109.670A4	2,000	21,129.92	84,45320	74,37120	9.916.00
National Grid Plc
Ord 12204/473p Shares		4.878	3S,722.95	42,1042B	4,876	36,722.95	42.104~	69,048,36	18,944.10
Persimmon Rc
Qrd 10pShares		1,500	46721.08	45,360.00	1,500	48,221.08	45,360,00	33,180.00	(12,180.00)
Phoenix Group
Holdings Plc Grd 10p Shares		6,000	37,904.97	42,768.00	8,000	37,904.97	42.768.$I	37.428 00	(M40 00)
PrudendM Plc
Ord Sp Shares		4,6SO	34,891.16	72,144.75	4,850	34,891.16	72,144.7S	62,707.76	(19,437.00)
			49,561.97	61,495.00	50,000	49,581J/7	61,495.00	47,850.00	(3,845.00)
Rectdtt Bencklser
PicOrd 10p
Shares		1,150	7,489.30	74,715.50	1,150	7,489.30	74,715,50	68,d17.00	(8,198.50)
Rb Tin/a Plc Ord
10p Shares		1,220	11,632.19	88,856.00	1/20	11,832.19	68,856.00	74.884.00	7,808,00
Sage Group Pla 1
4/77p Shares		7,604	23,450.08	47gi26.00	7,804	23,460,06	47,52d.00	SS,B78.49	8,1S1A9
Sequakr
Ecanorrdc
Infrasbucture
beams Fund
Urnked Qass C Bhares			53,948A9	62,000.00	SO/)00	53,94(L49	52,000.00	51~.00	(800.00)

2)	Imrestmonts	hold at 6 rll	2921		Invsstmonto	hold st6	I 2022
							Cost or
				Market			2021	Market	Unreolisod
	Holding	Cost		Value	Hdrgng	Cost	Adjusted	Value	gafnlgoss)
							Value
ShoKRcClean 8
Ord Euro 0.07
Shares	3,400	33,004.25		45,403AR	3,400	33,00428	46,403,60	72,114.00	26,710AO
SmKh(I)Ord 10p Shores	8372	27,360,12		34/12AS	8,272	27,360.12	34,212.99	26,437,31	(T,TTSAKI)
Supermarket
hcome REITRc
Ord 0,01Shares		52,56%SO		54,500.00	50,000	52,583AID	54,500,00	65,000.00	10,500.00
UnKevor Plc Ord
3 tlgp Sharon	1AKM	23,83T.86		72.398.00	1.800	23.637.66	72,396.00	63,867.00	(8.739.00)
Vodafono Group
RcOrd
US$02095235
Shares	4AI33	15,247.84		8,058.81
Warehouse REIT
Rc Ord 0.01p	40,800	43,858,37		62,632.00	40,800	43,856.37	52.832.00	70,602,40	17,870.40
		E1,050,100.0S	E2,027,371.72			E948.077.08	E1,806,073.31	E1,952,811.57	E148,538.26
Rxed Irrlorest
Sscurltlss
NasUe Fhance
hkrrns Sonar Ltd
2.251k 30ri V23		40,494.26		42,292.88	E40.000	40,494.26	42,292.68	40,210.00	(2,082.68)
Treasury 0.125%
Index-Lhkod
Slack 22r03I29		92,900.46		101,702AIO	ESS.ODO	92,900,45	101,702.90	107,767.65	6.064,75
TOTAL		6133,394,72		143,995.S8		E133,394.72	E143,996,66	147,977,55	E3,952.07
Overseas
SocurNos
Bank ofAmedca
Corporation US00.01Shares	1,700	41.26IL23		48,649.14	1,700	41~.23	48,849.14	62,148.32	3,499.18
BHP Blglon Plc
Ord UB$0.60
Shares	3,000	63,098.07		82,040AID	3,000	53,096.07	62,040.00	88,936.00	2S.895.00
SackRock
Congnenlal
European Income Fund D	25,800	39,72923		44,820,80	26,800	39,72923	44,820.80	45,711.80	1,091.00
Eiackwck Fund
Managers Ud orporale Bond S	4S,OOO	51,891.74		62.786.00	45,000	S1,591.74	52,785.00	49.468.19	(3,325AI1)
	1.160	6,968.19		54,568.57	1,150	5.988.19	64,668.57	89,840.55	1S,073.95
Olanoy (Walt) Co
US$0.01Shores		39,892.78				39AI92.78	iT,438.00	38476.89	(11.160,31)

THE OLIVER FORD WILL TRUST	THE OLIVER FORD WILL TRUST	THE OLIVER FORD WILL TRUST
Acquisitions	Holding	Date	Cost	Event
Allianz
Technology
Trust Pic Ord
25p Shares	36,000	04/05/21	0.00	Stock Split
First Sentler
Investments
Asia Pacific
Leaders Class 8
NAV			322,17	Accumulation
Heineken NV
Eur1.60	500	12/08/21	40,351.44	Purchase
Jackson
Financial Inc
Common
US$0.01 A
Shares	116	15/09/21	2,267.31	Dividend	in
				Specie
			842,940.92

Disposals
							Realised
			Holding	Date	Market	Proceeds	Pro8t/	Loss		Event
					Value
Allis nz
Technology
Trust Pic Ord
25p Shares			15,000	22/1 0/21	41,475.00	46,890.95	5,415.95		Sale
Findlay Park
Funds FP
American
Smaller
Companies		USD	338.54	19/10/21	40,848.29	46,178.57	5,330.28		Sale
Jackson
Financial Inc
Common
US$0.01 A				20!09/21	4.84	4.84			Cash	Fraction
			116	22/09/21	2,262,47	2,131.85	(130.62)		Sale
Johnson
Matthey Pic		Ord
11049/53p
Shares			1,351	26/11/21	40,719.14	28,900.45	(11,818.69)		Sale
M&G
Investment	Fund
(3) Corporate
Bond Fund
Class I GBP
income Shares			90,000	20/10/21	37,665.00	37,170,63	(494.37)		Sale
M &G Pic Ord
0.05p Shares			4,650	15/09/21	9,737.10	9,479.93	(257.17)		Sale
Morgan Stanley
Investment
Funds Global
Brands I Inc
NAV			1,400	25/10/21	45,117.24	50,390.81	5,273.57		Sale
S&W
Investment
Funds Mid
Ocean World
Investment	C
USD			219.54	20/10/21	94,881.46	97,421.90	2,540.44		Sale