| List ofCharitable Beneficiaries |
Listed in the Will | Charity No. |
|---|---|---|
| The Royal National Institute ofBlind People (formerly Action for Blind |
226227 | |
| People) | ||
| The Blue Cross (Animal Hospital) |
224392 | |
| The Brooke Hospital for Animals | 1085760 | |
| The Great Ormond Street Hospital |
for Children | 288763 |
| Greenpeace Environmental Trust |
284934 | |
| The Guide Dogs for the Blind Association | 209617 | |
| The Multiple Sclerosis Society |
207495 | |
| NCH (formerly National Children's |
Home) | 1097940 |
| National Society for the Prevention |
ofCruelty to Children | 216401 |
| Oxfam | 202918 | |
| Redwings Horse Sanctuary |
1068911 | |
| The Royal British Legion | 219279 | |
| The Royal Society for the Prevention ofCruelty to Animals | 219099 | |
| The Salvation Army |
214779 | |
| The Save the Children Fund |
213890 | |
| United Kingdom Committee for UNICEF |
1072612 | |
| Wood Green Animal Shelters |
298348 |
| e results are summarised | as follows:- | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Income received | 320,771 | 360,150 | |
| Raising Funds | |||
| Investment Managers' |
fees | 5,276 | 10,265 |
| Charitable Activities |
|||
| Management and administration |
21 333 | 20,843 | |
| Distributions to Charities |
356,000 | 334,500 | |
| Total Charitable Activities |
377,333 | 355,343 | |
| 382,609 | 365,608 | ||
| Net (Deficit) | (61,838) | (5,458) | |
| Net gains / (losses) on |
Investments | 436,127 | (341,082) |
| Net Surplus / (Deficit) |
f374,289 | (8346,540) |
| Capital | Capital | Income | Income | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Note | 20ZI | 2020 | 2021 | 2020 | 2021 | 2020 | |||
| General Fund | f, | ||||||||
| Income and Endowments | from: | ||||||||
| Income from investments | (2) | 320,646 | 358,858 | 320,646 | 358,858 | ||||
| Other income | 125 | 1,292 | 125 | 1,292 | |||||
| Total Income | 320,771 | 360,150 | 320,771 | 360,150 | |||||
| Expenditure on: |
|||||||||
| Raising Funds | (3) | (2,638) | (5,132} | (2,638) | (5,133) | (5,276) | (10,265) | ||
| Charitable Activities |
(3) | (4,416) | (4,171) | (372,917) | (351,172) | (377,333) | (355343) | ||
| Total Expenditure | (7,054) | (9,303) | (375,555) | (356,305) | (382,609) | (365,608) | |||
| Net (Deficit) / Surplus | (7,054) | (9,303) | (54,784) | 3,845 | (61,838) | (5,458) | |||
| Net Gain / (Loss) on Investments | (4) | 436,127 | (341,082) | 436,127 | (341,082) | ||||
| Net Surplus / (Deficit) |
429,073 | (350,385) | (54,784) | 3,845 | 374,289 | (346,540) | |||
| Transfer between Funds |
(54,784) | 3,845 | 54,784 | (3,845) | |||||
| Funds brought forward |
at 6 | April | 2020 | 4,190,341 | 4,536,881 | 4,190,341 | 4,536,881 | ||
| Funds carried forward | at 5 April | 2021 | 84,564,630 | 84,190,341 | f4,564,630 | 64,190,341 |
| 3. | EXPENDITURE ON: | Note | Note | Capital | Capital | Capital | Income | Income | Total | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | ||||||||
| Raising Funds | |||||||||||||
| Investment Management |
Fees | 2,638 | 5,132 | 2,638 | 5,133 | 5,276 | 10,265 | ||||||
| Charitable Activities |
|||||||||||||
| Distributions to Charities |
(10) | 356,000 | 334,500 | 356,000 | 334,500 | ||||||||
| Legal and professional | fees | 2,605 | 2,338 | 2,606 | 2,338 | 5,211 | 4,676 | ||||||
| Accountancy costs |
1,800 | 1,800 | 1,800 | 1,800 | 3,600 | 3,600 | |||||||
| Bank charges | 11 | 33 | 11 | 34 | 22 | 67 | |||||||
| Annuity Gross |
12,500 | 12,500 | 12,500 | 12,500 | |||||||||
| 4,416 | 4,171 | 16,917 | 16,672 | 21,333 | 20,843 | ||||||||
| Total Charitable Activities |
f4,416 | 64,171 | $372,917 | 8351,172 | f377,333 | 6355,343 | |||||||
| 4. | RECONCILIATION | OF | GAINS/(LOSSES) | ON INVESTMENTS | 2021 | 2020 | |||||||
| Unrealised Gains/(Losses) |
on | Quoted | Investments | 449,424 | (362,203) | ||||||||
| Unrealised Gain on Unquoted |
Investments | ||||||||||||
| Realised (Losses)/Gains | (13,297) | 21,122 | |||||||||||
| Total net Gains/ (Losses) | 7416.127 | 46341.48 | 3 | ||||||||||
| 5 | QUOTED INVESTMENTS | 2021 | 2020 | ||||||||||
| 8 | f. | ||||||||||||
| Market Value at 6 April 2020 | 1,240,854 | 1,615,561 | |||||||||||
| Cost ofinvestments acquired |
53,639 | 32,220 | |||||||||||
| 1,294,493 | 1,647,78'I | ||||||||||||
| Proceeds from disposal | ofinvestments | (39,427) | (65,845) | ||||||||||
| 1,255,066 | 1,581,936 | ||||||||||||
| Realised (Losses)/Gains | during the | year | (13,297) | 21,121 | |||||||||
| Movement in unrealised |
Gains/(Losses) during |
the year | 449,424 | (362,203) | |||||||||
| Market Value at 5 April | 2021 | 81,691,193 | 01,240,854 |
| Individual investments |
h | eld at 5 April 2021 which represent m |
ore than 5'/67 ofthe portfolio by |
value are: | |
|---|---|---|---|---|---|
| Market value | Portfolio | '/o | |||
| Law Debenture Corp |
pic | 130,140 | 7.70"8 | ||
| Murray international |
Trust pic | 101,660 | 6.01%%d | ||
| JPM Asset Management | US Equity Income | 83,529 | 5.69878 | ||
| Alliance Trust pic | 110,424 | 6.53 38 | |||
| Witan Investment Trust pic |
124,850 | 7.38"o |
| 6. | UNQUOTED INVESTMENT |
UNQUOTED INVESTMENT |
UNQUOTED INVESTMENT |
2021 | 2020 |
|---|---|---|---|---|---|
| Radix Properties Ltd |
|||||
| 8,000 gl Ordinary shares |
|||||
| Value at 6 April 2020 | 2,675,000 | 2,675sttt00 | |||
| Unrealised gain on revaluation |
|||||
| Value at 6 April 2021 | 62,675,000 | f2,675,000 | |||
| Income for the year | 6264,000 | f304,000 | |||
| 7. | BALANCES AT BANK AND INVESTMENT MANAGERS | 2021 | 2020 | ||
| g | |||||
| Bank Accounts | 197,866 | ' 254vk27 | |||
| Investment Managers-Capital |
Account | 12,759 | 36„416 | ||
| 6210,625 | f290,843 | ||||
| g. | CREDITORS | 2021 | 2020 | ||
| E | |||||
| Accountancy and Audit Fees |
3,600 | 3,600 | |||
| Investment Management |
Fees | 6,088 | 10,256 | ||
| Income Tax on annuity | 2,500 | ~00 | |||
| 612,188 | 616,356 | ||||
| 9. | ANALYSIS OF UNRESTRICTED FUND MOVEMENTS | 2021 | 2020 | ||
| Balance at 6 April 2020 | 4,190,341 | 4,536,881 | |||
| Income | 320,771 | 360,150 | |||
| Expenditure | (382,609) | (365,608) | |||
| Gains/(Losses) | 436,127 | it'4f tlR2) | |||
| Balance at 5 April 2021 | 64,564,630 | 84,190;FAI |
| 10. | DISTRIBUTIONS TO CHARITIES | DISTRIBUTIONS TO CHARITIES | 2021 | 2020 |
|---|---|---|---|---|
| 8 | ||||
| Discretionary payments: |
||||
| United Kingdom Committee |
for UNICEF | 10,000 | 5,000 | |
| Blue Cross | 5,000 | |||
| Greenpeace | 5,000 | |||
| Multiple Sclerosis Society |
5,000 | 5,000 | ||
| Oxfam | 5,000 | |||
| RNIB | 5,000 | 5,000 | ||
| RSPCA | 3,500 | |||
| Redwing Horse Sanctuary |
10,000 | |||
| Save the Children | 5,000 | |||
| The Royal British Legion | 5,000 | 5,000 | ||
| Annual distribution to Charities (see page 3) |
||||
| Distribution ofsurplus: |
||||
| 17payments off.18,000 | 306,000 | 306,000 | ||
| 6356,000 | 6334,500 |
| Year ended | Year ended | |
|---|---|---|
| 31.03.2021 | 31.03.2020 | |
| J.S.Gold | 632,000 | 632,000 |
| J.A.Clemence | $3,800 | $3,800 |
| Purchases | Cost | Profit | Market | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Holdings | at | 6.4.20 | Sales (Proceeds) | (loss) | Holdings at 5.4.21 |
Value | Income | |||||
| Nominal | Cost | Nominal | on sale | Nominal | Cost | 2021 | 2021 | |||||
| Bonds/Fixed Interest |
||||||||||||
| Invesco Fund Managers | ||||||||||||
| Perpetual Corp.Bd Shs(OEIC) |
19,622 | 39,180 | 19,622 | 39,180 | 43,197 | 1,171 | ||||||
| Land Securities Capital Markets | pic | |||||||||||
| 5.391"eNotes 27/02/2026 | 26,000 | 26,000 | 26,000 | 26,000 | 29,094 | 1,402 | ||||||
| M& G Corporate Bond Fund | ||||||||||||
| Class A (OEIC) units | ||||||||||||
| Corp bond I Sterling inc shares | 109,341 | 38,765 | 109,341 | 38,765 | 45,759 | 1,357 | ||||||
| New City High Yield Fund Ltd | ||||||||||||
| Ordinary NPV |
95,000 | 49,557 | 95,000 | 49,557 | 48,925 | 4.237 | ||||||
| UK Government Treasury |
||||||||||||
| 1.875ea Index linked stock 2022 | 42,000 | 66,860 | 42,000 | 66,860 | 65.723 | 1,123 | ||||||
| 220,362 | 220,362 | 232,698 | 9,290 | |||||||||
| Equities | ||||||||||||
| Alliance Trust pic | ||||||||||||
| 2.5p Ordinary shares |
11,810 | 40,388 | 11,810 | 40,388 | 110,424 | 1,698 | ||||||
| Aviva Investors US Equity | ||||||||||||
| Income Fund | ||||||||||||
| Class I shares |
43,310 | 66,588 | 43,310 | 66,588 | 76,317 | 2,253 | ||||||
| Aviva Investors Multi-Strategy |
||||||||||||
| Target 2 shares | 42,000 | 41,184 | 42,000 | 41,184 | 33,146 | 1,442 | ||||||
| Baillie Gifford UK Ltd | ||||||||||||
| formerly Schroder UK Growsh |
Fund | pic | ||||||||||
| 25p Ordinary shares |
27,000 | 38,636 | 27„000 | 38.636 | 63,450 | 837 | ||||||
| City ofLondon Investment Trust pic |
||||||||||||
| 25p Ordinary shares |
12,000 | 31,755 | 12,000 | 31,755 | 45,420 | 2,280 | ||||||
| Dunedin Enterprise Investment |
Trust | pic | ||||||||||
| 25p Ordinary shares |
||||||||||||
| Redemption ofcost | 4,495 | 8,666 | (834) | (3,210) | 1,602 | 3,661 | 7,058 | 12,557 | 225 | |||
| Edinburgh Investment Trust pic |
||||||||||||
| 25p Ordinary shares |
12,600 | 60,335 | 12,600 | 60,335 | 75,852 | 3,509 | ||||||
| Henderson High Income Trust |
pic | |||||||||||
| Sp Ordinary shares |
20,000 | 34,007 | 20,000 | 34,007 | 32,800 | 1,980 | ||||||
| JPMorgan Asset Management | Ltd | |||||||||||
| Emerging Markets Investment |
Trust | |||||||||||
| 25p Ordinary shares |
7,9SO | 46,717 | 7,950 | 46,717 | 104.145 | 1,129 | ||||||
| JPMorgan Asset Management | Ltd | |||||||||||
| US equity inc K Sterling inc shares | 74,247 | 47 223 | 74,247 | 47,223 | 96,226 | 2,064 | ||||||
| Keystone Investment Trust pic |
||||||||||||
| 50p Ordinary shares |
3,000 | 32,576 | 3,000 | 32,576 | 42,900 | 1,680 | ||||||
| Law Debenture Corp pic |
||||||||||||
| Sp Ordinary shares |
18,000 | 72,935 | 18,000 | 72,935 | 130,140 | 7,002 | ||||||
| Carried forward | 521,010 | (3,210) | 1,602 | 519,402 | 823,377 | 26,099 |
| Purchases | Cost | Profit | Market | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Holdings | at 6.4.20 | Sales (Proceeds) | (loss) | Holdings at 5.4.21 | Value | Income | |||
| Nominal | Cost | Nominal | on sale | Nominal | Cost | 2021 | 2021 | ||
| 8 | |||||||||
| Brought forward | 521,010 | (3,210) | 1,602 | 519,402 | 823,377 | 26,099 | |||
| Majedie Investment Trust pic |
|||||||||
| 10p Ordinary shares |
11,750 | 29,024 | 11,750 | 29,024 | 27,260 | 1.340 | |||
| Majedie Asset Management | |||||||||
| UK Inc fd Xinc shares | 31,290 | 51,116 | (31,290) | (36,217) | (14.899) | ||||
| Mercantile Investmeni Trust pic |
|||||||||
| 2.5p Ordinary shares |
37,000 | 31,569 | 37,000 | 31,569 | 94,720 | 2,442 | |||
| Merchants Trust pic |
|||||||||
| 25p Ordinary shares |
6,900 | 34,894 | 6,900 | 34.894 | 34,707 | 1,877 | |||
| Murray Income Trust pic |
|||||||||
| 25p Ordinary shares |
5,800 | 35,565 | 5,800 | 35,565 | 49,358 | 1,987 | |||
| Murray International Trust pic |
|||||||||
| 25p Ordinary shares |
8,500 | 59,764 | 8,500 | 59,764 | 101,660 | 4,548 | |||
| Ninty One Fund Manager | |||||||||
| Diversified Income shares |
18,130 | 18,032 | 18,130 | 18,032 | 18,353 | 152 | |||
| Residential secure income PLC |
|||||||||
| 10p Ordinary shares |
33,500 | 32,220 | 33,500 | 32,220 | 30,820 | 1.675 | |||
| Ruffer Investment Company |
|||||||||
| Red Ptg Pref O.Ip shares | 4,390 | 10,285 | 4,390 | 10,285 | 12,599 | 83 | |||
| Samarang Asset Management |
|||||||||
| Halley Sivac Asian Prosperity | |||||||||
| A Inc Shares | 200 | 38,256 | 200 | 38,256 | 50.286 | 2,118 | |||
| Scottish American Investment |
|||||||||
| Company pic |
|||||||||
| 25p Ordinary shares |
11,500 | 24,925 | 11,500 | 24,925 | 53,015 | 1,380 | |||
| T.Bailey Fund Services | |||||||||
| Evenlode Income C units | 16,500 | 35,607 | 16,500 | 35,607 | 37,490 | 657 | |||
| Witan Investment Trust pic |
|||||||||
| 25p Ordinary shares |
11,000 | 44,280 | 11,000 | 44,280 | 124,850 | 2,998 | |||
| 912,908 | 14,212 | (13,297) | 913,823 | 1,458,495 | 47,356 | ||||
| Grand Totals | gi,t33,270 | 614,212 | (813,297) | II,134,185 | f.1,691,193 | 656,646 |