| List ofCharitable Beneficiaries Listed in the Will |
Charity No. | |
| The Royal National Institute ofBlind People (formerly Action for Blind People) |
226227 | |
| 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 | |
| Action for Children (formerly National |
Children's Home) |
1097940 |
| National Society for the Prevention of |
Cruelty 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:- | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Income received | 480,437 | 320,771 | ||
| Raising Funds | ||||
| Investment | Managers' | fees | 11,639 | 5,276 |
| Charitable | Activities | |||
| Management | and administration | 22,821 | 21,333 | |
| Distributions | to Charities | 373,435 | 356,000 | |
| Total Charitable Activities |
396,256 | 377,333 | ||
| 407,895 | 382,609 | |||
| Net Surplus | /(Deficit) | 72,542 | (61,838) | |
| Net gains on Investments | 219,753 | 436,127 | ||
| Net Surplus | f292,295 | f374,289 |
| Capital | Capital | Capital | Income | Income | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||||
| General Fund | 8 | 8 | 8 | 8 | 8 | |||||
| Income and Endowments | from: | |||||||||
| Income from investments | (2) | 480,418 | 320,646 | 480,418 | 320,646 | |||||
| Other income | 19 | 125 | 19 | 125 | ||||||
| Total Income | 480437 | 320 771 | 480 437 | 320 771 | ||||||
| Expenditure on: |
||||||||||
| Raising Funds | (3) | (5,819) | (2,638) | (5,820) | (2,638) | (11,639) | {5,276) | |||
| Charitable Activities Total Expenditure |
(3) | (5,160) ~o. Hoi |
(4,416) (391,096) d .oo o~ |
(372,917) e . d |
(396,256) ~o .o d |
(377,333) ~oo . |
||||
| Net (Deftcit) / Surplus | (10,979) | (7,054) | 83,521 | (54,784) | 72,542 | (61,838) | ||||
| Net Gains on Investments | (4) | 219,753 | 436,127 | 219,753 | 436,127 | |||||
| Net Surplus/(Detlcit) | 208,774 | 429,073 | 83,521 | (54,784) | 292,295 | 374,289 | ||||
| Transfer between Funds |
83,521 | (54,784) | (83,521) | 54,784 | ||||||
| Funds brought forward at 6 April 2021 d» |
4,564,630 «. . |
4,190,341 dd.Odd d |
4,564,630 X4,856,925 |
4,190,341 64,564,630 |
| 2. | INCOME | FROM INVESTMENTS | Total | Total | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | g | ||||
| Quoted Investments | 56,418 | 56,646 | |||
| Unquoted | Investment | (6) | 424,000 | 264,000 | |
| Income from Investments | 8480,418 | 6320,646 |
| FO | R THE | YEAR | ENDED 5AP | RIL 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 3. | EXPENDITURE ON: | Note | Capital | Capital | Income | Income | Total | Total | ||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||
| f | ||||||||||
| Raising Funds | ||||||||||
| Investment Management |
Fees | 5,819 | 2,638 | 5,820 | 2,638 | 11,639 | 5,276 | |||
| Charitable Activities |
||||||||||
| Distributions to Charities |
(10) | 373,435 | 356,000 | 373435 | 356000 | |||||
| Legal and professional | fees | 3,340 | 2,605 | 3,340 | 2,606 | 6,680 | 5,211 | |||
| Accountancy costs |
1,800 | 1,800 | 1,800 | 1,800 | 3,600 | 3,600 | ||||
| Bank charges | 20 | 11 | 21 | 11 | 41 | 22 | ||||
| Annuity Gross |
12,500 | 12,500 | 12,500 | 12,500 | ||||||
| 5,160 | 4,416 | 17,661 | 16,917 | 22,821 | 2],333 | |||||
| Total Charitable Activities |
f5,160 | f4416 | f391,096 | f372rr17 | f396,256 | f377333 | ||||
| 4. | RECONCILIATION | OF GAINS/(LOSSES) | ON INVESTMENTS | 2022 | 2021 | |||||
| Unreal ised (Losses)/Gains on Quoted Investments |
(88,416) | 449,424 | ||||||||
| Unrealised Gain on Unquoted |
Investments | 169,406 | ||||||||
| Realised Gains/(Losses) | on Quoted Investments | 138,763 | (13,297) | |||||||
| Total net Gains | f219,753 | f436,127 | ||||||||
| 5 | QUOTED INVESTMKNTS | 2022 | 2021 | |||||||
| Market Value at 6 April | 2021 | 1,691,193 | 1,240,854 | |||||||
| Cost ofinvestments acquired |
381,955 | 53,639 | ||||||||
| 2,073,148 | 1,294,493 | |||||||||
| Proceeds from disposal | ofinvestments | (403,181) | (39,4271 | |||||||
| 1,669,967 | 1,255,066 | |||||||||
| Realised Gains/(Losses) | during | the year | 138,763 | (13,297) | ||||||
| Movement in unrealised |
(Losses)/Gains | during | the year | (88,416) | 449,424 | |||||
| Market Value at 5 April | 2022 | f1,720,314 | f.1,691,193 |
| Market value | Portfolio | '/o | ||
|---|---|---|---|---|
| Murray International |
Trust pic | 108,630 | 6.31"o | |
| Alliance Trust pic | 96,726 | 5.62"o | ||
| Aviva Investors US | Equity | 87817 | 5 10oS | |
| )PM Asset Management US Equity Income |
86,944 | 5 05"o |
| 6. | UNQUOTED INVESTMENT | UNQUOTED INVESTMENT | UNQUOTED INVESTMENT | 2022 | 2021 |
|---|---|---|---|---|---|
| g | |||||
| Radix Properties Ltd |
|||||
| 8,000gl Ordinary shares |
|||||
| Value at 6 April 2021 | 2,675,000 | 2,675,000 | |||
| Unrealised gain on revaluation |
169,406 | ||||
| Value at 6 April 2022 | $2,844,406 | f2,675,000 | |||
| Income for the year | &l24,000 | 8264,000 | |||
| 7. | BALANCES AT BANK | AND INVESTMENT MANAGERS | 2022 | 2021 | |
| Bank Accounts | 282,046 | 197,866 | |||
| investment Managers-Capital |
Account | 22,452 | 12,759 | ||
| 6304,498 | $210,625 | ||||
| 8. | CREDITORS | 2022 | 2021 | ||
| Accountancy and Audit Fees |
3,600 | 3,600 | |||
| Investment Management |
Fees | 6,193 | 6,088 | ||
| Income Tax | 2,500 | 2,500 | |||
| 812,293 | $12,188 | ||||
| 9. | ANALYSIS OF UNRESTRICTED FUND MOVEMENTS | 2022 | 2021 | ||
| g | |||||
| Balance at 6 April 2021 | 4,564,630 | 4,190,341 | |||
| Income | 480,437 | 320,771 | |||
| Expenditure | (407,895) | (382,609) | |||
| Gains | 219,753 | 436,127 | |||
| Balance at 5 April 2022 | 64,856,925 | X4,564,630 |
| 10. | DISTRIBUTIONS TO CHARITIES | DISTRIBUTIONS TO CHARITIES | 2022 | 2021 |
|---|---|---|---|---|
| Discretionary payments: |
||||
| United Kingdom Committee |
for UNICEF | 20,000 | 10,000 | |
| Blue Cross | 5,000 | |||
| Greenpeace | 10,000 | 5,000 | ||
| Multiple Sclerosis Society |
5,000 | |||
| Oxfam | 15,000 | 5,000 | ||
| RNIB | 5,000 | |||
| RSPCA | 9,735 | |||
| Red wing Horse Sanctuary | 6,700 | 10,000 | ||
| Save the Children | 18,000 | 5,000 | ||
| The Royal British Legion | 5,000 | |||
| Annual distribution to Charities (see page 3) |
||||
| Distribution ofsurplus: | ||||
| 17payments off.17,000 | 289,000 | 306,000 | ||
| f373,435 | 6356,000 | |||
| 11. | TRUSTEES |
| Year ended | Year ended | |||
|---|---|---|---|---|
| 31.3.2022 | 31.3.2021 | |||
| J | S | Gold | 632,000 | 632,000 |
| J | A | Clemence | 64,000 | 63,800 |
| Purchases | Cost | Profit | Market | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Holdiogs at6.4.21 | Sales (Proceeds) | (loss) | Holdings at 5.4.22 | Value | Income | |||||||
| Nominal | Cost | Nominal | on sale | Nominal | Cost | 2022 | 2022 | |||||
| Boads/Fixed Interest |
||||||||||||
| Invesco Fund Managers | ||||||||||||
| Perpetual Corp Bd Shs(OEIC) |
19,622 | 39,180 | 19,622 | 39,180 | 40,583 | 1,131 | ||||||
| Land Secunties Capital Markets | pic | |||||||||||
| 5 391Hv Notes 27/02/2026 | 26,000 | 26,000 | 26,000 | 26,000 | 27,385 | 1,402 | ||||||
| M/8 G Corporate Bond Fund | ||||||||||||
| Class A (OEIC) units | ||||||||||||
| Corp bond I Sterling inc shares | 109,341 | 38,765 | 109,341 | 38,765 | 42,643 | 1,128 | ||||||
| New City High Yield Fund | Ltd | |||||||||||
| Ordmary NPV |
95,000 | 49,557 | (95,000) | (51,504) | 1,947 | 2,347 | ||||||
| UK Government Treasury |
||||||||||||
| I 875/, Index lmked stock | 2022 | 42,000 | 66,860 | (42,000) | (67,913) | 1,053 | 1,158 | |||||
| 220,362 | (119,417) | 3,000 | 103,945 | 110,611 | 7,166 | |||||||
| Equities | ||||||||||||
| Alliance Trust pic | ||||||||||||
| 2 Sp Ordmary shares |
11,810 | 40,388 | (2,010) | (20,019) | 13,145 | 9,800 | 33,514 | 96,726 | 1,942 | |||
| Aviva Investors US Equity | ||||||||||||
| Income Fund | ||||||||||||
| Class I shares |
43,310 | 66,588 | 43,310 | 66,588 | 87,817 | 1,984 | ||||||
| Aviva Investors Multi-Strategy | ||||||||||||
| Target 2 shares | 42,000 | 41,184 | (42,000) | (32,819) | (8,365) | 857 | ||||||
| Baillie Gifford UK Ltd | ||||||||||||
| 25p Ordinary shares |
27,000 | 38,636 | 27,000 | 38,636 | 50,382 | 653 | ||||||
| BNY Mellon Fund | ||||||||||||
| Income Fund | 25,202 | 30,000 | 25,202 | 30,000 | 30,514 | 257 | ||||||
| Black Rock Rand | ||||||||||||
| Income Fund, D units | 16,250 | 30,326 | 16,250 | 30,326 | 29,046 | 176 | ||||||
| City ofLondon Investment | Trust pic | |||||||||||
| 25p Ordinary shares |
12,000 | 31,755 | 12,000 | 31,755 | 50,580 | 2,304 | ||||||
| Diverse Income Trust PLC | ||||||||||||
| 0 ip Ordinary shares |
44,000 | 50,568 | 44,000 | 50,568 | 47,520 | |||||||
| Dunedin Enterprise Investment |
Trust | pic | ||||||||||
| 25p Ordinary shares |
3,661 | 7,058 | (1,493) | (7,821) | 4,943 | 2,168 | 4,180 | 11,111 | 932 | |||
| Edinburgh Investment Trust pic |
||||||||||||
| 25p Ordinary shares |
12,600 | 60,335 | 12,600 | 60,335 | 80,388 | 3,610 | ||||||
| Franklm Templeton | ||||||||||||
| Income Fund | 32,419 | 35,000 | 32,419 | 35,000 | 38,222 | |||||||
| Gore Street Energy Storage | Fund | |||||||||||
| 10p Ordmary shares |
40,000 | 44,665 | 40,000 | 44,665 | 44,920 | 1,777 | ||||||
| Henderson High income Trust |
pic | |||||||||||
| Sp Ordinary shares |
20,000 | 34,007 | 20,000 | 34,007 | 35,650 | 1,990 | ||||||
| JPMorgan Asset Management | Ltd | |||||||||||
| Emergmg Markets Investment |
Trust | |||||||||||
| 25p Ordmary shares |
79,500 | 46,717 | (31,375) | (40,249) | 21,812 | 48,125 | 28,280 | 55,344 | 1,073 | |||
| JPMorgan Asset Management | Ltd | |||||||||||
| US equity mc K Sterlmg mc shares | 74,248 | 47,223 | (17,048) | (25,467) | 14,624 | 57,200 | 36,380 | 86,944 | 1,960 | |||
| Cerned forward |
413,891 | 64,184 | 46,159 | 524,234 | 745,164 | 19,515 |
| Purchases | Cost | Pmfit | Market | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Holdings | at 6.4.21 | Sales(Proceeds) | (loss) | Holdings | st 5.4.22 | Value | lacome | |||
| Nominal | Cost | Nominal | on sale | Nominal | Cost | 2022 | 2022 | |||
| 8 | 8 | |||||||||
| Brought forward | 413,891 | 64,184 | 46,159 | 524,234 | 745,164 | 19,513 | ||||
| Keystone Investment | Trust pic | |||||||||
| 50p Ordinary shares |
3,000 | 32,576 | 3,000 | 32,576 | 37,200 | 1,320 | ||||
| Law Debenture Corp |
pic | |||||||||
| Sp Ordmary shares |
18,000 | 72,935 | (11,000) | (87,284) | 42,713 | 7,000 | 28,364 | 56,490 | 4,603 | |
| Lmk Fund Solutions | Ltd | |||||||||
| Income Fund | 40,750 | 56,813 | 40,750 | 56,813 | 54,813 | |||||
| Majedie Investment Trust pic |
||||||||||
| 10p Ordinary shares |
11,750 | 29,024 | 11,750 | 29,024 | 23,383 | 1,340 | ||||
| Mercantile Investment |
Trust pic | |||||||||
| 2.5p Ordinary shares |
37,000 | 31,569 | (9,750) | (25,261) | 16,942 | 27,250 | 23,250 | 59,950 | 2,479 | |
| Merchants Trust pic |
||||||||||
| 25p Ordinary shares |
6,900 | 34,894 | 6,900 | 34,894 | 39,848 | 1,880 | ||||
| Murray Income Trust |
pic | |||||||||
| 25p Ordinary shares |
5,800 | 35,565 | 5,800 | 35,565 | 52,084 | 1,523 | ||||
| Ivlurray International |
Trust pic | |||||||||
| 25p Ordinary shares |
8,500 | 59,764 | 8,500 | 59764 | 108,630 | 5,111 | ||||
| Nmty One Fund Manager | ||||||||||
| Diversified Income shares |
18,130 | 18,032 | 69,620 | 70,206 | 87,750 | 88,238 | 84,565 | 1,897 | ||
| Polar Capital Funds | ||||||||||
| Income fund | 4,550 | 39,378 | 4,550 | 39,378 | 37,492 | 390 | ||||
| Residential secure income PLC |
||||||||||
| 10p Ordinary shares |
33,500 | 32,220 | 33,500 | 32,220 | 37,185 | 1,702 | ||||
| Ruifer Investment Company |
||||||||||
| Red Ptg Pref0 ip shares | 4,390 | 10,285 | 4,390 | 10,285 | 13,543 | 134 | ||||
| Samarang Asset Management |
||||||||||
| Halley Sivac Asian Prosperity | ||||||||||
| A Inc Shares | 200 | 38,256 | 200 | 38,256 | 53,790 | 2,306 | ||||
| Scottish Amencan Investment |
||||||||||
| Company pic |
||||||||||
| 25p Ordinary shares |
11,500 | 24,925 | 11,500 | 24,925 | 58,305 | 1,415 | ||||
| T Bailey Fund Services | ||||||||||
| Evenlode Income C units | 16,500 | 35,607 | 16,500 | 35,607 | 40,178 | 1,012 | ||||
| Tiventy four income fund | ||||||||||
| Ip Ordmary shares |
21,959 | 24,999 | 21,959 | 24,999 | 24,045 | 329 | ||||
| Wigan Investment Trust pic |
||||||||||
| 25p Ordinary shares |
55,000 | 44,280 | (18,500) | (44,844) | 29,949 | 36,500 | 29,385 | 83,038 | 2,296 | |
| 913,823 | 98,191 | 135,763 | 1,147,777 | 1,609,703 | 49,252 | |||||
| Grand Totals | 61,134,185 | (521,226) | 5138,763 | 51,251,722 | 51,720,314 | 556,418 |