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||||||PAGE|
|---|---|---|---|---|---|
|Tiustees'||Report|||1 -3|
|Independent||Examiner's|Report||4-5|
|Statement||of Financial
|Activities||6|
|Balance
|Sheet||||7|
|Notes to|the Financial
||Statements||8 - 11|
|Schedule||of Investments|and Related|Income|12 - 18|
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|||||||||Unrestricted||Unrestricted|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||NOTES||Funds 2022||Funds 2021|
|||||||||f:|||
|INCOME|||||||||||
|Investment
Income||||||||30,264||20,486|
|Deposit
Account
Interest||||||||1|||
|TOTAI,
INCOME||||||||30,265||20,486|
|EXPENDITURE|||||||||||
|Expenditure
on Raising|Funds||||||||||
|Investment
Management||Fees||||||9,860||9,066|
|Expenditure
on Charitable||Activities|||||||||
|Donations||||||||24,200||21,600|
|Accountancy,
Administration|||and||||||||
|Independent
Examiner's|||Fees|||||1374||7,020|
|Legal Fees||||||||||420|
|Bank Charges||||||||22|||
|TOTAL
EXPENDITURE||||||||41,456||38,106|
|NET EXPENDITURE
|BEFORE
|||GAINS|||||||
|AND LOSSES
ON|INVESTMENTS|||||||(11,191)||(17,620)|
|NET GAJNS ON INVESTMENTS||||||||35,698||225,999|
|NET (EXPENDITURE)/INCOME||||FOR|THE|YEAR||24,507||208,379|
|RECONCILIATION
|OF|FUNDS|||||||||
|Total Funds Brought
Forward|||at 6 April||2021|||1,231,986||1,023,607|
|Total Funds Carried
Forward|||at 5|April
|2022||E|1,256,493|E|1,231,986|
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|3.|INVESTMENT||INCOME||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|||2021|
||Investec
Wealth||& Investment|Portfolio
|(See Pages 12-18)|||f|30,264||E|20,486|
|4.|INVESTMENTS||||||||||||
||||||||||2022|||2021|
|||||||||||||;E|
||0uoted Investments (See Pages 12 - 18)||||||||||||
||Market
Value||at 6 April
2021|||||1,180,224||||986,559|
||Net (Disposals)/Acquisitions|||||||(27,804)||||(32,334)|
||Net Realised|and Unrealised
||Gains/(Losses)|||||35,698|||225,999|
||Market
Value||at 5 April
2022||||E|1,188,118||E|1,180,224||
||Book Value|at|5 April
2022||||f|977,099||E||917,869|
|5.|SHORT
TERM||DEPOSITS||||||||||
||||||||||2022|||2021|
||Investec
Wealth||& Investment|- Sterling
|Capital|Account||E|53,416||E|40,626|
|6.|ACCRUALS||||||||||||
||||||||||2022|||2021|
||Accountancy,|Administration||and Independent|||||||||
||Examiner's||Fees (Including|VAT)||||E|
7,374||E|
7,020|
##
##
|DONATIONS
TO CHARITIES|DONATIONS
TO CHARITIES|DONATIONS
TO CHARITIES|||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|
|All Saints Church
PCC,|Cuddesdon||||||1,500||1,000|
|Belong
London|||||||2,000||2 ,000|
|British
Red Cross Society||- Bullingdon||Disabled|Club||||800|
|Charterhouse
in Southwark|||||||800||800|
|Fairley
House School|||||||2,000||2,000|
|Elizabeth
Fitzroy
Support|||||||800||800|
|Garsington
RDA Limited|||||||1 ,500||1,000|
|Guide Dogs for the Blind|||||||800||800|
|Hospice
Care - Isle of Man|||||||2,000||2 ,000|
|Livability|||||||800||800|
|MAMA
Youth
Project|||||||1 ,200|||
|Many Tears Animal
Rescue|||||||2,000||2,000|
|Marine
Conservation
Society|||||||800||800|
|Oxford
Radcliffe
Hospital||Charitable
||Funds|||800||800|
|Pestalozzi
International
|Fund||||||1 ,200|||
|Revitalise|||||||800||800|
|Rugby Portobello
Trust|||||||2,000||2,000|
|Shelter|||||||800||800|
|St George's
(Hansworth)||Youth|Club||||800||800|
|Well Being of Women|||||||800||800|
|World
Horse Welfare|||||||800||800|
|||||||E|24,200|E|21,600|
##
##
##
##
|||||Investments|Investments|Held|At|Purchases/(Sales)|Purchases/(Sales)||Investments|Held At 5 April|2022|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||5|April
|2021||||||||||
|||||||||||Profit/|||Market|Value||
||||||||Book||Cost/|(Lossl on||Book|as|at||
|Investment||||Holdine|||Value|Holdine|(Proceeds|Disposal|Holdine|Value|5 April|2022|Income|
|||||||||||||;E||||
|Aberdeen
Standard Investment
|||Funds ICVC|||||||||||||
|Asia Pacific Equity
I||||||||||||||||
|Accumulation
Shares||Accumulation||7,000|||17,480||117||7,000|17,597|26,083||117|
|abrdn PLC (Formerly
|Standard||Life Aberdeen|PLC)||||||||||||
|136'/53pOrdinaryShares||||2,483|||15,879||||2,483|15,879||5,327|363|
|Allianz
Global Investors||||||||||||||||
|Strategic
Bond Fund||||||||||||||||
|I Income Shares||Equalisation||39,630|||51,723||(242)||39,630|51,481|45,674||752|
|AstraZeneca
PLC||||||||||||||||
|US $0.25 0rdinary
Shares|||||175||12,102||||175|12,102|18,086||367|
|BlackRock
European
|Dynamic
||Fund|||||||||||||
|Income Units||||17,080|||19,537||||17,080|19,537|44,044|||
|Blac!,Rock
Smaller Companies
|||Trust PLC|||||||||||||
|25p Ordinary
Shares||||1,500|||22,516||||1,500|22,516|25,080||503|
|British
American
Tobacco
||PLC||||||||||||||
|25p Ordinary
Shares|||||550||19,990|(550)|(14,358)|(5,632)|||||592|
|Brown
Advisory
Funds||||||||||||||||
|US Sustainable
Growth|Fund|||||||||||||||
|B Shares||||2,140|||32,907||||2,140|32,907|54,819|||
|Carried
Forward|||||||192,134||(14,483)|(5,632)||172,019|219,113||2,694|
||||||||||- 12 -|||||||
##
##
##
||||Investments|Investments|Held|At|Purchases/(Salesl|Purchases/(Salesl||Investments|Held At 5 April|2022||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||5|Atiril|2021|||||||||
||||||||||Profit|||Market
Value||
|||||||Book||Cost/|(Lossi on||Book|as at||
|Investment|||Holdinz|||Value|Holdine|(Proceeds'|DiSposal|Holdiru;r|Value|5 Aoril
2022|Income|
|Brought
Forward||||||192,134||(14,483)|(5,632)||172,019|219,113|2,694|
|Burberry
Group|PLC|||||||||||||
|0.05p Ordinary
|Shares|||760||10,312||||760|10,312|12,728|411|
|Civitas Social Housing
||PLC||||||||||||
|lp Ordinary
Shares|||23,000.00|||24,947||||23,000|24,947|20,263|1,268|
|CRH PLC||||||||||||||
|€0.32 0rdinary
|Shares|||550||14,242||||550|14,242|16,389|345|
|Diageo PLC||||||||||||||
|28 tol/iosP Ordinary Shares||||680||12,523||||680|12,523|27,056|493|
|Federated
Hermes Global Emerging||||||||||||||
|Markets
Equity
Fund||||||||||||||
|L Accumulation|Shares|
Excess Income|18,000|||25,762||283||18,000|26,045|29,615|283|
|Fidelity
Investment
Funds ICVC||||||||||||||
|MoneyBuilder
|Income|Fund Y||||||||||||
|Income Shares|||44,153.11|||44,372||||44,153.11|44,372|41,583|1,534|
|Findlay
Park American||Fund||||||||||||
|US $ Distribution|Units|||625||34,371|(150)|(19,607)|11,358|475|26,122|65,084||
|Carried
Forward||||||358,663||(33,807)|5,726||330,582|431,831|7,028|
##
##
##
||||||Investments|Held|At||Purchases/(Sales)||Investments|Held At 5 April|2022|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||5 ,%ril|2021||||||||||
|||||||||||Profit/|||Market|Value||
||||||||Book||Cost/|(Lossi on||Book|as at|||
|Investment|||||Holdine||Value|Holdina|(Proceedsl|Distiosal|Holding|Value|5 Aoril|2022|Income|
||||||||||||||;E|||
|Brought
Forward|||||||358,663||(33,807)|5,726||330,582|431,831||7,028|
|Gemcap Investment
||AHFM||||||||||||||
|Defined
Returns|I Shares||||25,000||26,825|(25,000)|(27,375)|550|||||1,426|
|Greencoat
UK Wind||PLC||||||||||||||
|lp Ordinary
Shares|||||18,560||22,599|(18,560)|(25,349)|2,750|||||666|
|HICL
Infrastruchire
||Co. Ltd.||||||||||||||
|O.Olp Ordinary
|Shares|||||||25,000|42,658||25,000|42,658|44,900||1,030|
|International
Public||Partnerships||Ltd.||||||||||||
|O.Olp Ordinary
|Shares||||15,500||20,659|6,000|10,236||21,500|30,895|36,830||1,383|
|INVESCO
European||Equity
|Income Fund ({JK)|||||||||||||
|Z Income Shares||||||||6,550|24,982||6,550|24,982|23,688|||
|INVESCO
Perpetual||Corporate||Bond Fund||||||||||||
|Z Income Shares|||||16,757.61||33,149|(16,757.61)|(33,810)|661|||||356|
|iShares PLC||||||||||||||||
|FTSE 100 UCITS||||||||||||||||
|NPV Shares|||||4,850||35,325||||4,850|35,325|36,336||1,249|
|iShares PLC||||||||||||||||
|S&P 500 NPV Shares|||||2,890||33,023|(2,890)|(97,264)|64,241|||||440|
|Canied
Forward|||||||530,243||(139,729)|73,928||464,442|573,585||13,671|
||||||||||- 14 -|||||||
##
##
##
||||||Investments|Held At||Purchases/(Sales)||Investments|Held At 5 April|2022|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Profit/|||Market
|Value||
|||||||Book||Cost/|(Lossi on||Book|as|at||
|Investment|||||Holdine|Value|Holdine|(Proceedsl|DiSDOSal|Holdinz|Value|5 April|2022|Income|
|||||||||||||||;E|
|Brought
Forward||||||530,243||(139,729)|73,928||464,442|573,585||13,671|
|iShares II PLC|||||||||||||||
|USD Floating
|Rate Bond||UCITS|ETF|||||||||||
|NPV Shares|||||8,860|33,523|(8,860)|(31,565)|(1,958)|||||106|
|iShares II PLC|||||||||||||||
|USD Tips 0-5|ETF GBP||HDG||||||||||||
|Income Shares|NPV||||||2,600|14,605||2,600|14,605|14,087||102|
|JP Morgan
Fund||ICVC|||||||||||||
|US Equity
Inc|K|Fund|||||||||||||
|Net Accumulation||Shares|||||30,000|46,539||30,000|46,704|50,040||165|
||||Accumulation|||||165|||||||
|Lazard Asset Management|||||||||||||||
|Global Thematic||Focus Fund|||||||||||||
|E Accumulation||Shares|||275|28,152|125|17,511||400|45,663|51,266|||
|Liontrust
Fund|Partners LLP||||||||||||||
|Special Situations||Fund|||||||||||||
|Institutional
Income Shares|||||4,250|18,612||||4,250|18,612|20,811||224|
|London
Stock Exchange
|||Group|PLC|||||||||||
|6""86pOrdinary||Shares|||100|1,056|(100)|(7,044)|5,988||||||
|Carried
Forward||||||611,586||(99,518)|77,958||590,026|709,789||14,345|
##
##
##
##
||||||||||Investments|Investments|Held|At||Purchases/(Sales)|||Investments|Held At 5 April|2022||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||5|Aporil|2021||||||||||
||||||||||||||||Profit"||||Market
Value||
|||||||||||||Book||Cost/|(Lossj|on||Book|as at||
|Investment|||||||||Holdine|||Value|Holdine|(Proceedsi|Disoosal||Holding|Value|5 April 2022|Income|
|||||||||||||||||||||;E|
|Brought
Forward||||||||||||611,586||(99,518)|77,958|||590,026|709,789|14,345|
|Melrose
Industries
PLC|||||||||||||||||||||
|16o/zlp Ordinary|Shares||||||||10,000|||17,101|(1,000)|(1,500)|(46)||9,000|15,555|11,063|142|
|Natixis
Investment
Managers|||||||||||||||||||||
|Loomis
Sayles|Global|Growth
|||Equity
||Fund||||||||||||||
|Shares||||||||||355||36,222|||||355|36,222|36,402||
|Neuberger
Berman
Uncorrelated||||||Strategies
||Fund|||||||||||||
|GBP I2 Accumulating
||Class||Shares|||||2,190|||22,732|(2,190)|(22,796)||64|||||
|Persimmon
PLC|||||||||||||||||||||
|10p Ordinary
Shares|||||||||||||575|16,965|||575|16,965|12,716|1,159|
|Picton Property|Income||Ltd.||||||||||||||||||
|Ordinary
NPV|Shares||||||||44,920|||28,301|||||44,920|28,301|44,448|1,516|
|Premier
Miton
|Investment||Funds|||ICVC|||||||||||||||
|{JK Value Opportunities|||Fund||B||||||||||||||||
|Accumulation
Shares||||Accumulation|||||22,271.681|||24,222||736|||22,271.681|24,958|55,078|736|
|Premier
Portfolio|Managers|||Ltd.|||||||||||||||||
|Miton
Defensive|Growth||Fund||||||||||||||||||
|C Accumulation|Shares||||||||||||30,000|38,805|||30,000|38,805|39,480||
|Carried Forward||||||||||||740,164||(67,308)|77,976|||750,832|908,976|17,898|
##
##
##
|||||Investments|Investments|Held|At|Purchases/(Sales)|Purchases/(Sales)||Investments|Held At 5 April|2022|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||5|At+ril|2021||||||||||
|||||||||||Profit/|||Market|Value||
||||||||Book||Cost/|(Lossi on||Book|as at|||
|Investment||||Holdine|||Value|Holdine|(Proceedsi|Disposal|Holdine|Value|5 Aporil 2022||Income|
|Brought
Forward|||||||740,164||(67,308)|77,976||750,832|908,976||17 898|
|RELX
PLC||||||||||||||||
|14"/115pOrdinaryShares|||||430||6,502|(430)|
(8,758)|2,256|||||144|
|Rio Tinto PLC||||||||||||||||
|10pOrdinaryShares|||||390||3,616||||390|3,616||23,866|2,701|
|Roche Holdings
|AG|||||||||||||||
|GenusscheineNPVShares|||||90||15,740||||90|15,740||28,443|445|
|Royal London
Unit||Trust|Managers|||||||||||||
|Sterling Credit Z|Fund|||||||||||||||
|GBP Gross Income||Shares||25,610.9613|||34,791||||25,610.9613|34,791||34,498|1,270|
|Sage Group PLC||||||||||||||||
|14/77pOrdinaryShares||||1,030|||7,634|(1,030)|
(7,148)|(486)||||||
|Schroder
European
||Fund||||||||||||||
|LAccumulationShares||||34,360|||28,968|(34,360)|(36,256)|7,288||||||
|Schroder
Oriental|Income||Fund Ltd.|||||||||||||
|IpOrdinaryShares||||15,480|||32,043||||15,480|32,043||42,144|1,625|
|SDCL Energy Efficiency
|||Income Trust PLC|||||||||||||
|IpOrdinaryShares||||22,000|||24,432|18,000|20,489||40,000|44,921|48,360||2,236|
||||||||893,890||(98,981)|87,034||881,943|1,086,287||26,381|
||||||||||- 17 -|||||||
##
##
##
|||||Investments|Investments|Held|At||Purchases/(Sales)|Purchases/(Sales)|||Investments||Held At 5|April|2022||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||5|Aoril|2021|||||||||||||||
|||||||||||||Profit/|||||Market|Value|||
||||||||Book|||Cost/||(Lossi on|||Book||as at||||
|Investment||||Holdinz|||Value|Holdiru=||(Proceedsl||Disposal|Holdine||Value|||||Income|
|Brought
Forward|||||||893,890|||(98,981)||87,034|||881,943||1,086,287|||26,381|
|Sequoia Economic|Infrastructure
||Income Fund|Ltd.|||||||||||||||||
|N.P.V. Ordinary
|Shares|||||||40,000||44,159|||40,000||44,159|||41,080||2,078|
|Shaftesbury
PLC|||||||||||||||||||||
|25p Ordinary
Shares||||1,445|||12,565||||||1,445||12,565|||8,768|||
|Shell PLC (Formerly
Royal Dutch|||Shell PLC)||||||||||||||||||
|€ 0.07 Class B Ordinary
||Shares|||750||516||||||750||516|||15,906||494|
|Taylor
Wimpey
|PLC||||||||||||||||||||
|lp Ordinary
Shares||||||||7,250||12,939|||7,250||12,939|||9,706||300|
|Unilever
PLC|||||||||||||||||||||
|3'/gp Ordinary
Shares|||||320||10,898||||||320||10,898|||11,315||467|
|Vodafone
Group|PLC||||||||||||||||||||
|US$0.202o/710rdinary||Shares||||||12,000||14,079|||12,000||14,079|||15,056||451|
|||||||E|917,869||E|(27,804)|E|87,034||E|
977,099|E|
1,188,118||E|30,264|