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CHARITY NO. 1039529
THE THOMAS LILLEY MEMORIAL TRUST
DATED 13 JANUARY 1960 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
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THE THOMAS LILLEY MEMORIAL TRUST
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REGISTERED CHARITY NUMBER: 1039529
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TRUSTEES:
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PRINCIPAL OFFICE, ACCOUNTANTS AND ADMINISTRATORS:
INDEPENDENT EXAMINER:
CHARITY REGISTRATION NUMBER:
BANK:
INVESTMENT MANAGERS:
John Fenwick Luke Roger Jolyon Fenwick Luke Melissa Charlotte Lilley
Moors Andrew Thomas (Private Clients) Limited Clarence Moors House 94 Wilderspool Causeway Warrington Cheshire WA4 6PU
Andrew Thomas FCA
1039529
HSBC 16 King Street Covent Garden London WC2E 8JF
Investec Wealth & Investment Limited 30 Gresham Street London EC2V 7QN
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THE THOMAS LILLEY MEMORIAL TRUST
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DATED 13 JANUARY 1960
CONTENTS
| PAGE | ||
|---|---|---|
| Trustees’ Report | 1-3 | |
| Independent Examiner’s Report | 4-5 | |
| StatementofFinancial Activities | 6 | |
| Balance Sheet | 7 | |
| Notes to the Financial Statements | 8-11 | |
| . | ||
| Schedule ofInvestments and Related Income | 12-18 |
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THE THOMAS LILLEY MEMORIAL TRUST
TRUSTEES’ REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report and financial statements of the charity for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, published on 16 July 2014 and updated October 2018.
OBJECTS OF THE TRUST AND PUBLIC BENEFIT
The Thomas Lilley Memorial Trust was established by Vera Lilley and Florence Mary Neal and is governed by a Trust Deed dated 13 January 1960. It is registered with the Charity Commission (number 1039529),
Under Clause 6 of the Trust Deed, the object of the charity is to benefit such charitable objects as the Trustees, in their absolute discretion, decide. In exercising their discretion, the Trustees must ensure that only objects which are exclusively charitable under the law can benefit. The Trustees may pay, or apply, income or capital of the Trust.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit, when reviewing the Trust’s aims and objectives and in planning future activities.
TRUSTEES
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The Trustees, who acted during the financial year, were Mr J. F. Luke, Mr R. J. F. Luke and Miss M. C. Lilley.
REVIEW OF ACTIVITIES DURING THE YEAR
During the year ended 5 April 2024, the Trustees made charitable donations totalling £30,650, which are listed on page 11. Donations are agreed and made each year, following the preparation of the annual financial statements,
FINANCIAL REVIEW
The Trust does not fundraise and its income is entirely reliant upon the returns from its investment portfolio, managed by Investec Wealth & Investment Limited. During the year, the Trust received dividends and interest totalling £39,104 (2023: £33,876). Charitable donations for the year amounted to £30,650 (2023: £29,850).
After allowing for administration expenses, the net expenditure, before gains and losses on investments for the year, amounted to £8,124 (2023: £12,868).
The investment portfolio realised net losses amounting to £3,955 (2023: gains of £28,671) during the year, and the market value of remaining investments increased by £25,587 (2023: decrease of £137,021).
The investment fund, taking into account the acquisition and disposal of investments during the year, has decreased in value from £1,114,820 at 5 April 2023 to £1,109,270 at 5 April 2024.
Total funds at the year end, inclusive of cash, amounted to £1,148,783 (2023: £1,135,275).
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THE THOMAS LILLEY MEMORIAL TRUST
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TRUSTEES’ REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL, 2024
RESERVES AND INVESTMENT POLICY
The Trustees’ policy is to create sufficient income and capital growth to enable the charity to carry out its purposes consistently, year by year, with due and proper consideration for future needs and the maintenance of, and if possible, the enhancement of, the value of the invested funds, while they are retained.
RISK MANAGEMENT
The Trustees have a duty to identify and review the risks to which the Trust is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Trustees consider the principal risks faced by the Trust lie in the performance of investments and operational risks from ineffective grant making and the capacity of the Trust to make effective grants.
The Trustees consider variability of investment returns on the portfolio of investments to constitute the charity’s major financial risk. This is mitigated by retaining expert investment managers and having a diversified investment portfolio.
The operational risk from ineffective grant making is mitigated by granting monies only to those charities which meet the criteria set out in the Trust’s grant making policy.
GRANT MAKING POLICY
The Trust has established its grant making policy to achieve its objects for the public benefit.
The beneficiaries of the grant making programme are any charitable organisations which are registered with the Charity Commission and are exclusively charitable.
The Trust invites applications for grants to be considered by the Trustees, which meet the object of the Trust, stated under Clause 6 of the Trust Deed. These considerations are undertaken at the annual Trustees’ meeting and any grants are made at the discretion of the Trustees,
The Trustees are permitted to pay grants from the income or capital of the Trust.
PLANS FOR THE FUTURE
The Trust plans to continue making grants in line with its objectives.
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THE THOMAS LILLEY MEMORIAL TRUST
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TRUSTEES’ REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
TRUSTEES’ RESPONSIBILITES IN RELATION TO THE FINANCIAL STATEMENTS
The charity’s Trustees are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity’s Trustees to prepare financial statements for each year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the Trustees are required to:
- e Select suitable accounting policies and then apply them consistently;
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¢ Observe the methods and principles in the applicable Charities SORP;
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e Make judgements and estimates that are reasonable and prudent;
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e State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
e Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy, at any time, the financial position of the charity and to enable them to ensure that the financial statements comply thewith the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations,and the provisions of Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and related financial information in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
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Approved by the Trustees on 92i | 10 lao dé and signed on their behalf by:
Mr John FenwickLuke Gide .fake
Mr Roger Jolyon Fenwick Luke ysl aAaa —
Miss Melissa Charlotte Lilley Fbbed.MER TT 23raas
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THE THOMAS LILLEY MEMORIAL TRUST
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 5 APRIL 2024
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE THOMAS LILLEY MEMORIAL TRUST
I have examined the financial statements of The Thomas Lilley Memorial Trust (Charity No. 1039529) for the year ended 5 April 2024, which comprise the Statement of Financial Activities, the Balance Sheet, and the related notes 1 to 11. These financial statements have been prepared under the historical cost convention, as modified by the revaluation of fixed asset investments, and the accounting policies set out therein.
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This report is made solely to the charity’s Trustees, as a body, in accordance with Section 145 of the Charities Act 2011 (‘the 2011 Act’). My examination has been undertaken so that I might state, to the charity’s Trustees, those matters I am required to state to them in an independent examiner’s report, and for no other purpose. To the fullest extent permitted by law, I do not accept, or assume, responsibility to anyone other than the charity and the charity’s Trustees, as a body, for my work or for this report.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity’s Trustees are responsible for the preparation of the financial statements. The charity’s Trustees consider that an audit is not required, for this year, under Section 144(2) of the 2011 Act, and that an independent examination is needed.
It is my responsibility to:
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® examine the financial statements under Section 145 of the 2011 Act;
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e to follow the procedures laid down in the general Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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® to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER’S STATEMENT
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My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items, or disclosures, in the financial statements, and seeking explanations from the Trustees concerning any such matters, The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement overleaf.
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THE THOMAS LILLEY MEMORIAL TRUST
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INDEPENDENT EXAMINER’S REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIE 2024
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention:
- a) which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with Section 130 of the 2011 Act; and
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- to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. NY
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Andrew Thomas FCA
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Clarence Moors House 94 Wilderspool Causeway Warrington Cheshire WA4 6PU
Date: «2p |9 [aodey
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THE THOMAS LILLEY MEMORIAL TRUST
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STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
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| Unrestricted | Unrestricted | ||
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| NOTES | Funds 2024 | Funds 2023 | |
| £ | £ | ||
| INCOME | |||
| InvestmentIncome | 3 | 39,104 | 33,876 |
| DepositAccount Interest | 311 | 316 | |
| TOTALINCOME | 39,415 | 34,192 | |
| EXPENDITURE | |||
| Expenditure on Raising Funds | |||
| InvestmentManagement Fees | 8,856 | 9,181 | |
| Expenditure on Charitable Activities | |||
| Donations | 7 | 30,650 | 29,850 |
| Accountancy, Administration and | |||
| IndependentExaminer’s Fees | 7,962 | 7,962 | |
| BankCharges | 71 | 67 | |
| eee | ——— | ||
| TOTALEXPENDITURE | 47,539 | 47,060 | |
| NETEXPENDITURE BEFORE GAINS | |||
| ANDLOSSESONINVESTMENTS | (8,124) | (12,868) | |
| NETGAINS/(LOSSES)ONINVESTMENTS | 4 | 21,632 | (108,350) |
| NETINCOME/(EXPENDITURE)FORTHEYEAR | YEAR | 13,508 | (121,218) |
| RECONCILIATION OFFUNDS | |||
| Total Funds BroughtForward at6 April 2023 | 1,135,275 | 1,256,493 | |
| TotalFundsCarriedForwardat5April2024 | £1,148,783 | £1,135,275 |
The accounting policies and notes on pages 8 to 18 form part of these financial statements.
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BALANCE SHEET ASAPRILAT 5 2024
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Total Funds Total Funds
NOTES 2024 2023
£ £ £ £
FIXED ASSETS
Investments 4 1,109,270 1,114,820
CURRENT ASSETS
Short Term Deposits 5 27,522 4,700
Cash at Bank 19,953 23,717
47,475 28,417
CREDITORS — AMOUNTS FALLING
DUE WITHIN ONE YEAR
Accruals 6 (7,962) (7,962)
NET CURRENT ASSETS 39,513 20,455
NET ASSETS £ 1,148,783 £ 1,135,275
FUNDS
Unrestricted (See Page 6) £ 1,148,783 £ 1,135,275
The financial statements were approved by the Trustees on Paio [Wd}]
fe Z bho, John FenwickLuke
nd seas tasOe, Roger Jolyon Fenwick Luke
he LEONI icctesrpfeousere Miss Melissa Charlotte Lilley
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The accounting policies and notes on pages 8 to 18 form part of these financial statements.
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THE THOMAS LILLEY MEMORIAL TRUST
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NOTES TO THE FINANCIAL STATEMENTS
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FOR THE YEAR ENDED 5 APRIL 2024
1. ACCOUNTING POLICIES
(a) Basis of Preparation and Assessment of Going Concern
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011,
The Trust constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern. With respect to the next reporting period, year ended 5 April 2023, the most significant areas of uncertainty that affect the carrying value of assets held by the Trust continues to be the level of investment return and the performance of investment markets (see the investment policy and performance and risk management sections of the Trustees’ annual report for more information).
(b) Funds Structure
The charity has a portfolio of investments managed by Investec Wealth & Investment Limited. The Trustees, at their discretion, may allocate any part of the unrestricted funds to making grants to appropriate institutions.
(c) Income Recognition
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
(d) Expenditure recognition
~ Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
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All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.
Donations/grants are payments made to third parties in the furtherance of the charitable objects of the Trust.
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THE THOMAS LILLEY MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
1. ACCOUNTING POLICIES (CONTINUED)
(e) Taxation
The Trust is treated for tax purposes as a charity and is not liable to Income Tax on income derived from charitable activities. The Trust is not registered for VAT. All amounts in the Statement of Financial Activities are shown inclusive of VAT, where relevant.
(f) Costs of Raising Funds
The costs of generating funds consist of investment management costs.
(g) Charitable Activities
Costs of charitable activities include donations/grants made and governance and support costs.
(h) Fixed Asset Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the mid-market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Trust does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub-sectors.
(i) Realised Gains and Losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
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2. RELATED PARTY TRANSACTIONS AND TRUSTEES’ EXPENSES AND REMUNERATION
The Trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind during the year (2023: £Nil). Expenses paid to the Trustees, in connection with the reimbursement of their travel expenses in the year, totalled £Nil (2023: £Nil).
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THE THOMAS LILLEY MEMORIAL TRUST
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
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|---|---|---|---|---|---|---|---|---|---|---|
|3.|INVESTMENT INCOME|
|2024|2023|
|Investec|Wealth &|Investment|Portfolio|(See Pages|12 —|18)|£|39,104|£|33,876|
|4.|INVESTMENTS|
|2024|2023|
|£|£|
|Quoted|Investments|(See|Pages|12|-|18)|
|Market Value|at 6|April|2023|1,114,820|1,188,118|
|Net|Acquisitions/(Disposals)|(27,182)|35,052|
|Net Realised|and|Unrealised|(Losses)/Gains|21,632|(108,350)|
|Market Value|at 5|April|2024|£|1,109,270|£|1,114,820|
|Book Value|at|5|April|2024|£|1,009,685|£|1,040,822|
|5.|SHORT TERM DEPOSITS|
|2024|2023|
|Investec|Wealth &|Investment — Sterling|Capital|Account|£|27,522|£|4,700|
|6|ACCRUALS|
|2024|2023|
|Accountancy,|Administration and|Independent|
|Examiner’s|Fees|(Including VAT)|£|7,962|£|7,962|
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THE THOMAS LILLEY MEMORIAL TRUST
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
7.
| DONATIONSTO CHARITIES | 2024 | 2023 | ||
|---|---|---|---|---|
| £ | £ | |||
| All Saints ChurchPCC, Cuddesdon | 2,250 | 2,250 | ||
| BelongLondon Charterhouse in Southwark |
2,250 800 |
2,250 800 |
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| Fairley House School | 2,250 | 2,250 | ||
| ElizabethFitzroy Support | 800 | 800 | ||
| GarsingtonRDA Limited | 2,250 | 2,250 | ||
| GuideDogs forthe Blind | 800 | 800 | ||
| Hospice Care—Isle ofMan | 2,250 | 2,250 | ||
| Livability | 800 | 800 | ||
| MAMA YouthProject | 2,250 | 2,250 | ||
| ManyTearsAnimalRescue | 2,250 | 2,250 | ||
| MarineConservation Society | 800 | 800 | ||
| MaryHare School fortheDeaf | 800 | - | ||
| Oxford Radcliffe Hospital Charitable Funds | 800 | 800 | ||
| Pestalozzi International Fund |
2,250 | 2,250 | ||
| Revitalise | 800 | 800 | ||
| Rugby Portobello Trust | 2,250 | 2,250 | ||
| Shelter | 800 | 800 | ||
| St George’s (Hansworth) YouthClub | - | 800 | ||
| Surfers Against Sewage Tommy’s |
800 800 |
- 800 |
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| Well Being ofWomen | 800 | 800 | ||
| World Horse Welfare | 800 | 800 | ||
| £ | 30,650 | £ | 29,850 |
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THE THOMAS LILLEY MEMORIAL TRUST
SCHEDULE OF INVESTMENTS AND RELATED INCOME
FOR THE YEAR ENDED 5 APRIL 2024
INVESTEC WEALTH & INVESTMENT PORTFOLIO
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Investments|Held At|Purchases/(Sales)|Investments Held At|5|April 2024|
|5|April 2023|
|Profit/|Market Value|
|Book|Cost/|(Loss)|on|Book|as|at|
|Investment|Holding|Value|Holding|(Proceeds)|Disposal|Holding|Value|5|April 2023|Income|
|£|£|£|£|£|£|
|4% Treasury Stock 31/01/2024|£|22,500|21,632|£|(22,500)|(21,972)|340|-|-|-|19|
|11% Treasury Stock 31/01/2026|-|-|£|12,000|11,091|-|£|12,000|11,091|11,154|-|
|1% Treasury|Stock 31/01/2025|-|-|£|11,500|10,726|-|£|11,500|10,726|11,101|18|
|V7/,%|Treasury|Stock 07/09/2037|-|-|£|29,800|21,871|-|£|29,800|21,071|22,158|272|
|abrdn|Investment|Funds|ICVC|
|Asia Pacific|Equity|I|
|Accumulation|Shares|7,000|17,842|(7,000)|(21,765)|3,923|-|-|-|322|
|abrdn PLC|
|13°'/gsp|Ordinary|Shares|2,483|15,879|(2,483)|(3,428)|(12,451)|-|-|-|363|
|abrdn|Global|Inflation-Linked|Bond|Fund|.|
|Institutional|Income|Shares|80,000|42,226|-|-|-|80,000|42,226|39,104|2,080|
|Allianz|Global|Investors|
|Strategic Bond Fund|
|I|Income|Shares|-|-|-|-|-|-|-|-|949|
|AstraZeneca PLC|
|US|$0.25|Ordinary|Shares|100|6,916|-|-|-|100|6,916|10,619|228|
|Carried Forward|104,495|(4,277)|(8,188)|92,030|94,136|4,251|
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THE THOMAS LILLEY MEMORIAL TRUST
SCHEDULE OF INVESTMENTS AND RELATED INCOME (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
INVESTEC WEALTH & INVESTMENT PORTFOLIO
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|---|---|---|---|---|---|---|---|---|---|---|---|
|Investments Held At|Purchases/(Sales)|Investments|Held At|5|April|2024|
|5|April|2023|
|Profit/|Market Value|
|Book|Cost/|{Loss) on|Book|as|at|
|Investment|Holding|Value|Holding|(Proceeds)|Disposai|Holding|Value|$|April 2023|Income|
|£|£|£|£|£|£|
|Brought Forward|104,495|(4,277)|(8,188)|92,030|94,136|4,251|
|BlackRock|European Dynamic Fund|
|Income Units|17,080|19,537|-|-|-|17,080|19,537|52,079|282|
|BlackRock|Smailer Companies|Trust PLC|
|25p|Ordinary|Shares|1,500|22,516|-|-|-|1,500|22,516|19,845|608|
|Brown Advisory Funds|
|US|Sustainable|Growth Fund|
|SI Distribution|Shares|3,661.9074|32,907|(1,000)|(18,087)|9,101|2,661.9074|23,921|47,914|-|
|Burberry Group PLC|
|0.05p|Ordinary|Shares|760|10,312|-|-|-|760|10,312|8,810|477|
|Civitas|Social Housing PLC|
|lp|Ordinary|Shares|23,000|24,947|(23,000)|(18,154)|(6,793)|-|-|-|164|
|CRH PLC|
|€0.32|Ordinary|Shares|550|14,242|(250)|(11,358)|4,884|300|7,768|20,313|$72|
|Diageo PLC|
|28|''/,gp Ordinary Shares|680|12,523|-|-|-|680|12,523|19,378|544|
|Carried Forward|241,479|(51,876)|(996)|188,607|262,475|6,898|
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THE THOMAS LILLEY MEMORIAL TRUST
SCHEDULE OF INVESTMENTS AND RELATED INCOME (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
INVESTEC WEALTH & INVESTMENT PORTFOLIO
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|---|---|---|---|---|---|---|---|---|---|---|---|
|Investments|Held At|Purchases/(Sales)|Investments|Held At|5|April|2024|
|5|April 2023|
|Profit/|Market Value|
|Book|Cost/|(Loss)|on|Book|as|at|
|Investment|Holding|-|Value|Holding|(Proceeds}|Disposal|Holding|Value|5|April 2023|Income|
|£|£|£|£|£|£|
|Brought Forward|241,479|(51,876)|(996)|188,607|262,475|6,898|
|Dowlais|Group PLC|
|(Demerger from Melrose|Industries PLC)|3,000|3,435|-|
|Ip|Ordinary|Shares|-|-|(3,000)|(2,583)|(852)|-|-|-|42|
|Federated Hermes|Global Emerging|
|Markets Equity Fund|
|L Accumulation|Shares|Excess Income|18,000|26,371|-|264|-|18,000|26,635|27,635|264|
|Fidelity Investment Funds ICVC|
|MoneyBuilder|Income Fund Y|
|Income|Shares|44,153.11|44,372|-|-|-|44,153.11|44,372|35,632|1,795|
|Gemcap|Investment AHFM|
|Defined|Returns B|Shares|-|-|31,100|35,395|-|31,100|35,395|37,420|732|
|Goldman|Sachs|Funds|
|GS|Sterling Liquid Reserves|
|Institutional|Income|Shares|-|-|35,000|35,000|-|35,000|35,000|35,000|868|
|HICL|Infrastructure|Co.|Ltd.|
|0.01p|Ordinary|Shares|25,000|42,658|-|-|-|25,000|42,658|31,225|2,063|
|International|Public|Partnerships|Ltd.|
|0.01p|Ordinary|Shares|21,500|30,895|-|-|-|21,500|30,895|26,832|1,705|
|Carried Forward|385,775|19,635|(1,848)|403,562|456,219|14,367|
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THE THOMAS LILLEY MEMORIAL TRUST
SCHEDULE OF INVESTMENTS AND RELATED INCOME (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
INVESTEC WEALTH & INVESTMENT PORTFOLIO
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Investments|Held At|Purchases/(Sales)|Investments|Held At|5|April|2024|
|5|April|2023|
|Profit/|Market Value|
|Book|Cost/|(Loss)|on|Book|as|at|
|Investment|Holding|Value|Holding|(Proceeds}|Disposal|Holding|Value|5|April 2023|Income|
|£|£|£|£|£|£|
|Brought Forward|385,775|19,635|(1,848)|403,562|456,219|14,367|
|iShares|PLC|
|FTSE|100|UCITS|
|NPY|Shares|5,000|37,320|650|5,000|-|5,650|42,320|43,638|1,476|
|iShares|IT PLC|
|USD|Tips|0-5|ETF|GBP HDG|
|Income|Shares NPV|7,000|37,816|(3,500)|(16,542)|(2,364)|3,500|18,910|16,841|569|
|iShares|HI PLC|
|Core|Global|Aggregate Bond UCITS|ETF|
|Hedged|Distribution|Shares|7,400|33,504|-|-|~|7,400|33,504|33,444|783.00|
|JP|Morgan Fund ICVC|
|US|Equity Inc K Fund|
|Nei Accumulation|Shares|Accumulations|30,000|47,769|-|1,239|-|30,000|49,008|55,110|1,239|
|Lazard|Asset Management|
|Global|Thematic|Focus Fund|
|£ Accumulation|Shares|400|45,663|-|-|-|400|45,663|59,463|-|
|Liontrust Fund|Partners LLP|
|Special|Situations Fund|
|Institutional|Income|Shares|4,250|18,612|~|-|-|4,250|18,612|20,579|385|
|Carried Forward|606,459|9,332|(4,212)|611,579|685,294|18,819|
----- End of picture text -----
-15-
THE THOMAS LILLEY MEMORIAL TRUST
SCHEDULE OF INVESTMENTS AND RELATED INCOME (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
INVESTEC WEALTH & INVESTMENT PORTFOLIO
----- Start of picture text -----
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Investments Held At|Purchases/(Sales)|Investments|Held At|5|April 2024|
|5|April|2023|
|Profit/|Market Value|
|Book|Cost/|(Loss)|on|Book|as|at|
|Investment|Holding|Value|Holding|{Proceeds}|Disposal|Holding|Value|5|April 2023|Income|
|£|£|£|£|£|£|
|Brought Forward|606,459|9,332|(4,212)|611,579|685,294|18,819|
|Melrose|Industries|PLC|
|'*"7,,p|Ordinary Shares|9,000|15,555|(6,000)|(3,435)|-|3,000|12,120|20,226|180|
|Natixis|Investment|Managers|
|Loomis|Sayles|Global|Growth Equity Fund|
|Shares|355|36,222|-|-|-|355|36,222|43,239|-|
|Persimmon|PLC|
|10p|Ordinary|Shares|§75|16,965|-|-|-|$75|16,965|7,347|460|
|Picton Property|Income|Ltd.|
|Ordinary NPV|Shares|44,920|28,301|-|-|-|44,920|28,301|28,861|1,572|
|Premier|Miton|Investment Funds|ICVC|
|UK Vaiue|Opportunities|Fund B|
|Accumulation|Shares|Accumulation|22,271.681|26,096|-|1,853|-|22,271.681|27,949|54,811|1,853|
|Premier Portfolio|Managers|Ltd.|
|Miton|Defensive|Growth Fund|
|C|Accumulation|Shares|30,000|39,051|-|808|-|30,000|39,859|38,250|808|
|Rio|Tinto PLC|,|
|10p|Ordinary Shares|390|3,616|-|-|-|390|3,616|19,402|1,260|
|Carried Forward|772,265|8,558|(4,212)|776,611|897,430|24,952|
----- End of picture text -----
-16-
THE THOMAS LILLEY MEMORIAL TRUST
SCHEDULE OF INVESTMENTS AND RELATED INCOME (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
INVESTEC WEALTH & INVESTMENT PORTFOLIO
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Investments|Heid At|Purchases/(Sales)|Investments|Held At|5|April|2024|
|5|April 2023|
|Profit/|Market Value|
|Book|Cost/|(Loss} on|Book|as|at|
|Investment|Holding|Value|Holding|(Proceeds)|Disposal|Holding|Value|5|April|2023|Income|
|£|£|£|£|£|£|
|Brought Forward|772,265|8,558|(4,212)|776,611|897,430|24,952|
|Roche Holdings AG|
|Genusscheine NPV|Shares|90|15,740|-|-|-|90|15,740|17,364|498|
|Royal|London|Unit Trust Managers|
|Sterling|Credit Z Fund|
|GBP|Gross|Income|Shares|25,610.9613|34,791|-|-|-|25,610.9613|34,791|31,092|1,608|
|Schroder|Oriental|Income|Fund|Ltd.|
|lp|Ordinary|Shares|15,480|32,043|-|-|-|15,480|32,043|40,016|1,827|
|SDCL Energy|Efficiency Income Trust PLC|
|lp|Ordinary Shares|40,000|44,921|-|-|-|40,000|44,921|23,540|2,472|
|Sequoia Economic|Infrastructure Income Fund Lid.|
|N.P.V.|Ordinary|Shares|51,600|54,582|-|-|-|$1,600|54,582|42,028|3,548|
|Shaftesbury PLC|
|25p|Ordinary|Shares|1,445|12,565|-|-|-|1,445|12,565|6,849|73|
|Shell PLC|
|€0.07|Class|B|Ordinary|Shares|750|516|-|-|-|750|516|20,846|767|
|Taylor Wimpey PLC|
|ip|Ordinary|Shares|7,250|12,939|-|-|-|7,250|12,939|9,594|694|
|Carried Forward|980,362|8,558|(4,212)|984,708|1,088,759|36,439|
----- End of picture text -----
-17-
THE THOMAS LILLEY MEMORIAL TRUST
SCHEDULE OF INVESTMENTS AND RELATED INCOME (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
INVESTEC WEALTH & INVESTMENT PORTFOLIO
| InvestmentsHeldAt | InvestmentsHeldAt | Purchases/(Sales) | Purchases/(Sales) | InvestmentsHeld | HeldAt 5 April2024 | HeldAt 5 April2024 | HeldAt 5 April2024 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 April2623 | ||||||||||||
| Profit/ | MarketValue | |||||||||||
| Book | Cost/ | (Loss) on | Book | as at | ||||||||
| Investment | Holding | Value | Holding | (Proceeds) | Disposal | Holding | Value | 5 April2023 | Income | |||
| £ | £ | £ | £ | £ | £ | |||||||
| BroughtForward | 980,362 | 8,558 | (4,212) | 984,708 | 1,088,759 | 36,439 | ||||||
| . | ||||||||||||
| UnileverPLC | ||||||||||||
| 3 Yop OrdinaryShares | 320 | 10,898 | - | - | - | 320 | 10,898 | 12,280 | 475 | |||
| Valu-Trac InvestmentFunds ICVC | ||||||||||||
| VTProtean Capital ElderFund | ||||||||||||
| ClassANetIncome Shares | 38,050 | 35,483 | (38,050) | (35,740) | 257 | - | - | - | 1,265 | |||
| Vodafone GroupPLC | ||||||||||||
| US $0.207°/,, Ordinary Shares | 12,000 | 14,079 | - | - | - | 12,000 | 14,079 | 8,231 | 925 | |||
| £1,040,822 | £ | (27,182) | £ | (3,955) | £ | 1,009,685 | £ | 1,109,270 | £ | 39,104 |
-18-