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|Contents|||~Pa e|
|---|---|---|---|
|Trustees'
Report|||1-6|
|Independent
Examiner's|Report|||
|Statement
ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|||10-14|
|The following
pages do|not form part ofthe statutory|accounts:||
|Schedule of Investments|||15-17|
|Purchase ofInvestments|||18|
|Sale of Investments|||19|
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|REFERENCE|AND ADMINISTRATIVE
DETAILS|AND ADMINISTRATIVE
DETAILS|AND ADMINISTRATIVE
DETAILS|AND ADMINISTRATIVE
DETAILS|||
|---|---|---|---|---|---|---|
|CHARITY NAME:||The Charlton|Bequest|and|Dispensary|Trust|
|CHARITY NUMBER:||1055160|||||
|OPERATIONAL|ADDRESS:|24 Green Close|||||
|||Tynemouth|||||
|||Tyne &Wear|||||
|||NE30 2TY|||||
|BANKERS:||Lloyds Bank|pic||||
|||69Bedford Street|||||
|||North Shields|||||
|||NE29 OAU|||||
|INDEPENDENT|EXAMINER|EJ Hartshorne-Ferguson|||BA FCA||
|||Bell Tindle Williamson||LLP|||
|||The Old Post|Office||||
|||63Saville Street|||||
|||North Shields|||||
|||Tyne &Wear|||||
|||NE30 1AY|||||
|TRUSTEES|||||||
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|THE CHARLTON BEQUEST AND DISPEN|THE CHARLTON BEQUEST AND DISPEN|SARY TRUST||||
|---|---|---|---|---|---|
|STATEMENT OF FINANCIAL ACTIVITIES||FOR THE YEAR|ENDED|||
|31 MARCH 2023||||||
|||Unrestricted|Restricted|Total|Total|
||Notes|Funds|Funds|2023f|2022
8|
|INCOME:||||||
|Bank interest received|||||7|
|Investment
income||18,992||18,992|16,013|
|Income from charitable
activities||||||
|Property
Income||||||
|47 Linskill Terrace - Gross rents||26,865||26,865|25,510|
|63 Percy Park Road - Gross|rents|23,830||23,830|28,085|
|TOTAL INCOMING
RESOURCES||69,687||69,687|69,615|
|EXPENDITURE||||||
|Expenditure
on Charitable|Activities|||||
|Property Expenses:||||||
|47 Linskill Terrace||8,603||8,603|26,414|
|63 Percy Park Road||14,399||14,399|8,051|
|Governance
costs|2|13,294||13,294|11,643|
|||36,296||36,296|46,108|
|NET INCOMING
RESOURCES||||||
|BEFORE OTHER RECOGNISED||||||
|GAINS/(LOSSES)||33,391||33,391|23,507|
|Realised (losses)/gain
on disposal of||||||
|investments|3|(3,271)|(527)|(3,798)|1,528|
|SURPLUS FOR YEAR||30,120|(527)|29,593|25,035|
|Unrealised
(losses)/gain
on||||||
|investment
assets||(52,084)|(4,757)|(56,841)|96,110|
|Property
revaluation
surplus||80,307||80,307||
|NET MOVEIIIIENT IN FUNDS||58,343|(5,284)|53,059|121,145|
|RECONCILIATION
OF FUNDS||||||
|Fund balances brought forward||||||
|at 1 April 2022||2,296,275|454,090|2,750,365|2,629,220|
|Fund balances carried forward||||||
|at 31March 2023||E2,354,618|5448,806|62,803,424|62,750,365|
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||||||2023
E|2022f|
|---|---|---|---|---|---|---|
|Governance||costs comprise:|||||
|Independent
Administration||Examiners fee
and accountancy|||878
1,680|827
1,614|
|Honorarium||and donations|||300|500|
|Subscripttons|||||229|224|
|Professional||Fees (managing|surveyor)||1,820|500|
|Other|||||655|469|
|Investment|Porffolio Management|||Fees|6,832|7,509|
|Property
valuation
fees|||||900||
||||||613,294|511,643|
##
|3.
(L|OSS)/GAIN
ON SALE OF INVEST|MENTS|||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||Funds|Funds|Total|
|||2023|2023|2022|
||||8|6|
|Proceeds|ofsale|55,858|70,000|14,779|
|31 March|2022 market value|(59,129)|(70,527)|(13,251)|
|(Loss)/gain|on sale of investments|8(3,271)|F(527)|61,528|
##
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|||47 Linskill|63 Percy||
|---|---|---|---|---|
|||Terrace|Park Road|Total|
|||E|8|5|
|COSTNALUATION|||||
|At 1 April 2022
Refurbishments
at cost||490,000
82,338|790,000
92,355|1,280,000
174,693|
|Revaluation|surplus|22,662|57,645|80,307|
|At 31 March|2023|595,000|940,000|1,535,000|
|NET BOOK|VALUE||||
|At 31 March|2023|5595,000|5940,000|F1,535,000|
|At 31 March|2022|6490,000|f790,000|51,280,000|
##
|value|off714,738(202|2 - F775|,650).|The split is as foll|ows:||||
|---|---|---|---|---|---|---|---|---|
||||||2023|2022|||
||||||E|5|||
|UK Fixed Interest|||||90,454|76,659|||
|UK Equities
Overseas
Equities
Alternative
Investments|||||147,645
353,104
96,001|182,979
378,789
121,146|||
|Cash|||||27,534|16,077|||
||||||f714,738|5775,650|||
|8.|SINKING FUNDS||||||||
|The sinking
fund is represented|||by:||||||
||||||Original|Original|Market|Market|
|||||Nominal|cost|cost|value|value|
|||||valuef|2023
5|2022
5|2023|2022
6|
|Charity|Commissioners||||||||
|(a)|F1 Accumulative
shares
(47 Linskill Terrace)|||432.21|590|590|99,050|99,940|
|(b)|f1 Accumulative
(63 Percy Park|shares
Road)||1,874.36|260,657|303,073|429,549|503,936|
|(c)|51 Income units|||11.00|||206|214|
||||||f261,247|F303,663|5528,805|F604,090|
##
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|Schedule ofInvestments
for th
31 March 2023|e year ended||||||
|---|---|---|---|---|---|---|
||||Original||Original||
||||cost or|Market|coal oi'|Market|
|||Nominal|valuation|value|valuation|value|
|||value|31.03.22|31.03.22|31.03.23|~132|
|UK BONDS|||||||
|Bond Funds|||||||
|UK Govt Treasury
Bond 5%2025||8395.91|||8,759.87|8,619.06|
|GCP Infrastructure
1p ord||12,000|14,829.DO|13,248.00|14,829.00|10,224.00|
|Twenty Four AM Corp Bond El||250|25,261.00|23,973.00|25,261.00|20,487.50|
|Vanguard
Inv Ser UK Gvt Bond Index Inst Pls Inc||100|11,346.00|11,18000|11,346.00|8,924.39|
|IShares
Ig pic market 130XXCorp||190|19,637.00|23,072.00|19,637.00|19,747.65|
|A2D Funding
pic4.75%Bond||5,000|5,020.00|5,186.00|||
|TOTAL FOR UK BONDS|||76,093.00|76,659.00|79,832.87|68,002.80|
|OVERSEAS BONDS|||||||
|Henderson
Inv Fixed Int Monthly|Income Janus|35,000|21,13100|19,464.00|21,131 DO|16,513.00|
|Robeco Lux SA Global Credits I|BH|65|7,258.00|6,547.00|7,258.00|5,93840|
||||28,389.00|26,011.00|28,389.00|22,451.40|
|UK EQUITIES|||||||
|Royal Dutch Shell '8' Ord Eur 0.07||700|10,118.00|14,760.00|10,118.00|16,159.50|
|Croda International
ord shares||170|7,867.00|13,396.00|7,867.00|11,046.60|
|Rio Tinto ord Icp||200|7,393.00|12,162.00|7,393.00|10,958.00|
|Experian ord US$0.10||320|7,937.00|9,443.00|7,937.00|8,512.00|
|Disgeo 28p ord||26D|4,239.00|10,045.00|4,239.00|9,396.40|
|Taylor Vyimpey
Ip ord||2,000|3,070.00|2,614.00|3,070.00|2,379.00|
|Unilever pic 3.1111pord||300|8,053.00|10,365.00|B,D53 00|12,57000|
|Smith & Nephew
ord US$0.20||430|6,812.0D|5,246.00|||
|Haleon Pic ord E001||700|||477.00|2,25400|
|Glaxo Smith Kline 25p ord||560|2,512.00|11,530.00|2,035.00|8,002.40|
|Relx pic60.1444||380|7,221.00|9,055.00|7,221.00|9,948.40|
|Compass Group 11.05p ord||542|4,98800|8,943.00|4,988 00|11,018.86|
|Intercontinental
Hotels ord 20.852p||170|4,82300|8,823.00|||
|National
Grid ord 12.431289p||550|2,784.00|6,448 00|2,784.00|6,03075|
|Legal and General ord 2 5p||3,000|6,746.00|8,180.00|6,746.00|7,167.00|
|Prudential
Bp ord||810|8,621.00|9,185.00|8,621.00|8,926.2D|
|Schroders VTG Shs E1 5for I reorg||1,176|3,204.00|6,462.00|3,204.00|5,409.60|
|Jupiter Fund Mngrs (Menan)
UK|Mid Cap|12,000|8,883.00|17,258.00|||
|ESRiver &Mercantile
UK Equity|Inc|3,003|6,850.00|8,207 00|6,650.00|7,843 10|
|Mercantile
Inv Trust pic 25p ord||5,000|8,585.00|10,875.00|8,585.00|10,025.00|
|TOTAL FOR UK EQUITIES|||118,506.00|182,977.00|100,188.00|147,644 81|
|||Original||Original||
|---|---|---|---|---|---|
|||cost Or|Msfliet|cost oi'|Market|
||Nominal|valuation|value|valuation|value|
||value|31.03.22|31.03.22|31.03.23|3103.23|
|NORTH AMERICAN EQUIIIES||||||
|Stryker Corp Com Stock $010|33|||7,187 85|7,61998|
|Artemis
Fd Mgrs Vs Select Instit|17,0DO|39,371.00|53,46800|35,227.00|42,054 60|
|JP Morgan Funds
Ltd US Equity Inc|43,403|25,410.00|88,884.00|25,410.00|63,97608|
|I Shares S&P500|1,700|31,203 00|56,273.00|31,203.00|53,129.25|
|Booking Holdings
Inc Com $0008|4|||8,176.00|8,581.84|
|Vanguard
Funds ptc S&P50D UCll S|850|41,876 DO|59,130.00|41,87800|55,828.00|
|TOTAL FOR NORTH AMERICAN EQUITIES||137,860.00|235,755.00|149,079.85|231,189.75|
|EUROPEAN EQUITIES||||||
|Blackrock FM Ltd Euro Dynamic
FD Inc|7,000|8,140.00|18,168.00|5,814.00|13,219.14|
|Blackrock FM Ltd Conti Euro Inc Fund|16,000|23,439.00|28,814.DO|23,439.00|29,147.07|
|TOTAL FOR EUROPEAN EQUITIES||31,579.00|46,98200|29,253.00|42,36621|
|JAPANESE EQUITIES||||||
|Bsillie Gifford Japanese 8 Nav Inc|1,250|22,158.00|24,930.00|18,465.00|19,362.50|
|TOTAL FOR JAPANESE EQUITIES||22,158.00|24,930.00|18,46500|19,362.50|
|ASIA PACIFIC EQUIIIES||||||
|First Sentier/Stewan
Invrs Asia|5,500|2D,731.DO|24,453.00|14,252 57|16,45985|
|Bny Mellon Newton Asia Inc|28,0DO|27,399.00|33,869.00|27,39900|31,78000|
|TOTAL FOR ASIA PACIFIC EQUITIES||48,13000|58,322.00|41,651.57|48,239.85|
|EMERGING MARKET EQUIIIES||||||
|JP Morgan Asset Man Emg Mkts|18,000|11,448.00|12,800.00|11,448.00|11,944.80|
|TOTAL FOR EMERGING MARKET EQUIIIES||11,448.00|12,800 DO|11,448.00|11,944.80|
|GLOBAL INVESTMENTS||||||
|Franklin
Tmpltn
Clarbfidge
Gbl Infa Inc|10,00D|10,020.00|14,44000|10,02D.OO|13,23000|
|Scotbsh Mortgage
Inv Trust 5p ord|1,000|2,679.00|10,260.00|2,679.00|6,786.00|
|TOTAL FOR GLOBAL INVESTMENTS||12,699.00|24,700.0D|12,699.00|20,D16.00|
##
|||Original||Original||
|---|---|---|---|---|---|
|||cost or|Market|costof|Market|
||Nominal|valuation|value|valuation|value|
||value|~31 3.22|31.03.22|31.03.23|31.03.23|
|ABSOLUTE RETURN INVESTMENTS||||||
|BNY Mellon Fnc Mangr Gl Dynamic|15,000|14,536.00|13,875.00|14,536.00|13060.30|
|Muzinich
funds
Ghl Tactical Hgd S Inc|96.61|9,689.00|9,611.00|9,889.00|9,032.26|
|Personal Assets Trust picf0.125|5,00D.OO|21,981.00|25,200.00|21,981.00|23,875.00|
|TOTAL ABSOLUTE RETURN INVESTMENTS||46,206.00|48,686.00|46,208.00|45,967.56|
|PROPERTY||||||
|Blsckrcck FM Ltd
Ishares Prop Secs|10,500|19,302|21,750|19,302|17,153|
|TOTAL FOR PROPERTY||19,302|21,750|19,302|17,153|
|OTHER INVESTMENTS||||||
|HICL Infrastructure
pic ord 20.0001|8,300|||14,720.43|12,86500|
|TOTAL FOR PROPERTY||0.00|0.00|14,720.43|12,865.00|
|CASH||||||
|Cash deposit and dealing account||15,606.00|15,60600|25,678.09|25,678.09|
|Income account||471.00|471.00|1,856.37|1,85637|
|TOTAL CASH||16,077.00|16,077.DO|27,534.46|27,534.46|
|TOTAL FOR ALL INVESTMENTS||568,447.00|775,649.00|578,769.18|714,737.81|
##
##
|DATE|NAME AND SHARE|NAME AND SHARE|NO.|COST|
|---|---|---|---|---|
|06/06/2022|HICL Infrastructure|pic Ord 60.0001|8,300|14,720.43|
|26/10/2022|UK Govt. Treasury|Bond 5N 2025|8,395.91|8,759.87|
|24/02/2023|Stryker Corp Com|Stk $0.10|33|7,187.85|
|24/02/2023|Booking Holidays|Inc Com 50.008|4|8,175.86|
|esl
e tsales|f0 these|f0 these|f0 these|f0 these|e ded|e ded||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|31M r h 2023||||||||||||||||||||
|||||||||||||||5|I sProreeds|||P oft/(losel|ProBt/(I
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||||||||||||||||N tof|Orlgi
al|32/03/2023|on|0|
|Date|||||Nomen||dsh
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|29/04/2022
29/04/2022|Bs off do
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2,000||3,S57 50
4,672 24|3,69300
Z325 71|4,15500
5,19085|16450
2.34653|(29750)
(Sls6!)|
|01/05/2022|An|||I|Fd|ICVCUSS l*NFd|||||||2,000||5,284.60|4,14431|5,628 21|1,140.29|(34361)|
|04/05/2022|||||||||||||2,500||7,443 75|6,478 43|7,641 56|96532|(19781)|
|08/05/2022|I pt|||F|dMg|IM|I UK|Md C||0|||12,000||14,995M|6,S8300|17,25S00|8,11260|I2.26240)|
|04/Dl/2023|5|th8||N|phe|Od5020|||||||430||4,82180|6,81200|5,24600|(1,990 20)|(424.20)|
|08/02/2023|I I||0|\I|\|IN I|I 0420.8520||||||170||9,73800|4,623 00|8,823 00|5,11500|91500|
|09/10/2022
27/09/2022|A"DF
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