2023-04-05-accounts - Philip Breeze Will Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

List ofCharitable Beneficiaries Listed in the Will	List ofCharitable Beneficiaries Listed in the Will	Charity No.
Royal National Institute ofBlind People (formerly	Action for Blind People)	226227
Blue Cross {Animal Hospital)		224392
Brooke Hospital for Animals		1085760
Great Ormond Street Hospital for Children		288763
Greenpeace Environmental Trust		284934
Guide Dogs for the Blind Association		209617
Multiple Sclerosis Society		207495
Action for Children {formerly National Children's	Home)	1097940
National Society for the Prevention ofCruelty to Children		216401
Oxfam		202918
Redwings Horse Sanctuary		1068911
Royal British Legion		219279
Royal Society for the Prevention ofCruelty to Animals		219099
Salvation Army		214779
Save the Children Fund		213890
United Kingdom Committee for UNICEF		1072612
Wood Green Animal Shelters		298348

The results are summar	ised as follows:-
		2023	2022
Income received		301,735	480,437
Raising Funds
investment Managers'	fees	10,671	11,639
Charitable Activities
Management and administration		23,014	22,821
Distributions to Charities		365,400	373,435
Total Charitable Activities		388,414	396,256
		399,085	407,895
Net {Deficit) / Surplus		{97,350)	72,542
Net (Losses) / Gains on investments		{296,468)	219,753
Net (Deficit) / Surplus		{5393,818)	f292,295

			Capital		Income	Total
		Note	2023		2023	2023
General Fund
Income and Endowments	from:
Income from investments		(2)			300,848	300,848
Other income					887		~3„'
Total Incoine					301,735
Expenditure on:
Raising Funds Charitable Activities		(3) (3)	(5,335) (5,257)	,,'($PI9)' :(5/60}	(5,336) (383,157}	(10,671} (388,414)	Pkg@9$: ''(g}}6~)
Total Kxpenditure			~l0,S93	~ltt3770t	~366.493	~399,033	Mm
Net (Deficit}/ Surplus			(10„592)	'(I0'9PVII}	{86,758)	{97,350)
Net (Losses) / Gains on Investments		(4)	(296,468)	k4pp9		(296,468)	.tIII,.M8
Net (Deficit) / Surplus			(307,060)		(86,758)	(393,636):::alraal
Transfer between Funds			{86,758)		86,758
Funds brought forward at6 April 2022			4,856,925			4,856,925	.~1530
Funds carried forward at 5	April 2023		44 463J07			64463,307

					2023
Investments
Quoted Investments			(5)		1,615,147		1,720,314
Unquoted	Investment		(6)		2,645,909		2,844,406
					4,261,056		4,564,720
Balances at		Bank and
Investment		Managers	(7)	208,151		304,498
Creditors			(8)	6,100		12,293
Net Current		Assets			202,051		292,205
Net Assets					64,463,107		64,656,925
Represented		by:-
Capital Fund			(9)		64,463,107		64,556,925

INCOME FROM INVKSTMKNTS	Total	Total
	2023	2022
Quoted Investments	60,848	56,418
Unquoted Investment	240,000	424,000
Income from Investments	8300,848	8480,438

			Note	Capital	Capital				Income			Total
				2023					2023
	Raising Funds Investment Management	Fees			5,335		:::,"4' ~~o8gL— ""m4%.					f,	" V 9'„"
	Charitable Activities
	Distributions to Charities		(10}						365,400			365,400
										'
	Legal and professional Accountancy costs	fees			3,401 1,836			'3P'610	3,401 1,836	'	N,'3'¹I(I f~	6,802 3,672
	Hank charges					20		- '- '20	20		2I	40
	Annuity Gross											12,500
					5,257							23,014
													6
	Total Charitable Activities				85,25'I				8383,153			8388,414
4.	RECONCILIATION	OF GAINS/{LOSSES)				ON	INVESTMENTS					2023	2022
													f.
	Unreahsed (Losses) on	Quoted	Investments									(106,814)	(88,416)
	Unrealised {Loss)/Gain	on Unquoted		Investments								(198,497)	169,406
	Re«Iised Gains on Quoted Investments											8,843	138,763
	Total net (Losses)/Gains											18296,4683	5219,553
5	QUOTED INVESTMENTS											2023
	Market Value at 6 April	2022										1,720,314	1,691,193
	Cost ofinvestments acquired											67,326	3&1,955
												1,787,640	2,073„148
	Proceeds trom disposal	ofinvestments										(74,522)	(403,181)
												1,713,118	1,669,967
	Realised Gains during the year											8,843	138,763
	Movement in unrealised	(Losses) during the			year							(106,814)	(88,416)
	Market Value at 5 April	2023										5.1,615,143	5.1,529,31¹
	Individual investments	held at	5 Aprii	2023	vvhich		represent	more than 5%ofthe		portfolio by		value are:
												Market value	Portfolio %
	Murray International Trust pic											114,070	7 06o/o
	Alliance Trust pic											94,962	5.88%
	Aviva Investors US Equity											84+28	5.21%o
	JPM Asset Management	US Equity Income										84,713	524%

6.	UNQUOTKD INVESTMENT	UNQUOTKD INVESTMENT	UNQUOTKD INVESTMENT	2023
	Radix Properties Ltd
	8,000 Kl Ordinary shares
	Value at 6April 2022			2,844,406	2,675,000
	Unrealised (loss)/gain on	revaluation		(198,497)	169,406
	Value at 6April 2023			f2,645,909	/2,844,406
	Income for the year			f240,000	f424,000
'7.	BAIANCKS AT BANK AND INVKSTMKNT MANAGERS			2023	2022
	Bank Accounts			195,058	282,046
	Investment Managers-Capital		Account	13,093	22,452
				f208,151	f304,498
8.	CREDITORS			2023
	Accountancy and Audit Fees			3,600	3,600
	Investment Management	Fees			6,193
	Income Tax			2,500	2,500
					K12,293
9.	ANALYSIS OF UNRESTRICTED FUND MOVKMKNTS			2023	2022
	Balance at 6 April 2022			4,856,925	4,564,630
	Income			301,735	480,437
	Expenditure			(399,085)	(407,895)
	(Losses)!Gains			(296,468)	219,753
	Balance at 5 April 2023			f,4,463,107	%4,856,925

10.	OISTRISUTIONS TO CHARITIKS	OISTRISUTIONS TO CHARITIKS	OISTRISUTIONS TO CHARITIKS	2023
	Discretionary payments;
	United Kingdom	Committee	for UN1CEF	15,000	20,000
	Blue Cross				5,000
	Brook Hospital	for Animals
	Greenpe ace				10,000
	Oxfam			5,000	15,000
	RSPCA				9,735
	Redwing Horse	Sanctuary		2,400	6,700
	Royal National	Institute for	Blind People	5,000
	Save the Children			10,000	18,000
	Annual distribution to Charities (see page 3)
	Distribution ofsurplus:
	17payments off19,000			323,000
	17payments of	f.17,000			289,000
				6365,400	6373,435
ll,	TRUSTEES

		Year ended	Year ended
		31.32023	31.3.2022
JS	Gold	132,000	f.32,000
JA	Clemence	K4,000	X4,000

							Purchases	Cost	Profit			Market
					8oldings at6.4.22		Sales (Proceeds)		(loss)	Holdings «t5.4.23		Value	Income
					Nominal	Cost	Nominal		on sale	Nom inel	Cost	2023	2023
						8			8				f,
Bonds/Fixed Interest
Invesco Fund Managers
Perpetua! Corp,BdShs(OEIC)					19,622	39,1SO				19,622	39,180	36,881	1,239
Land Securities Capital	Markets			pic
5,391'FoNotes 27/02/2026					26,000	26,000				26,000	26,000	26,637	1,402
Mk. G Corporate Bond	Fund
Class A (OEIC) units
Corp bond ISterling inc shares					109,341	38,765				109,341	38,765	3/,985	1,3$7
						l03.941					103,945	101,503	3,998
Equities
Alliance Trust pic
2.5p Ordmary shares					9,800	33,514				9,SOO	33,514	94,962	2,352
APAX Global
Ordinary NPY							7,000	11,958		7,000	11,958	11,116	827
Aviva Investors US Equity
Income Fund
Class I shares					43,310	66,588				43,310	66,58S	84,228	2,484
Baillie Gifford UK Ltd
25p Ordinary shares					27,000	38,636				27,000	38,636	43,470	1,056
BNY Mellon Fund
Income Fund					25,202	30,000				25,202	30,00Q	28,395	1,113
Black Rock Ruad
Income Fund, D units					16,250	30,326				16,250	30,326	29,612	1,028
City ofLondon Investment		Trust pic
25p Ordinary shares					12,QOO	31,755				12,000	31,755	49,500	2,400
Diverse Income Trust PLC
Q.Ip Ordinary shares					44,000	50,568				44,000	50,568	38,280	1,738
Dunedtn Enterprise Investment				Trust	pic
25p Ordinary shares					2,168	4,180	(1„715)	(9,213)	5,906	453	873	2,469	77S
Edinburgh Investment	Trust	pic
25p Ordmary shares					12,600	60,33$	(1,650)	(10,066)	2,165	10,950	52,434	71,'/23	3,014
Franklin Templeton
Income Fund						35,000				32,419	35,000	34,656	1,979
Gore Street Energy Storage		Fund
10pOrdinary shares					40,000	44,665				40,000	44,665	40,080	2,800
Henderson High Income Trust			pic
5pOrdinary shares					20,000	34,007				20,000	34,007	34,150	2,030
Janus Henderson
Fixed monthly ince GQ GBPDis							50,000	25,500		50,000	25,500	23,940	613
JPMorgan Asset Management			Ltd
Emerging lvlarkets Investment			Trust
2$p Ordinary shares					48,125	28,28Q				4S,125	28,280	51,$90	650
JPMorgan Asset Management			Ltd
US equity inc K Sterling inc shares					5/,200	36,380				57,200	36,380	84,713	1,956
Carried forward						524,234		I8,i79	8,071		550,484	722,884	26,818

				Purchases	Cost	Profit			Market
		Holdings	at6.4.22	Sales (Proceeds)		(loss)	Holdings	at 5,4.23	Value	Income
		Nominal	Cost	Nominal		on sale	Nominal	Cost	2023	2023
					f			f	f,
Brought forward			524,234		18,179	8,071		550,484	722,884	26,818
Keystone Investment	Trust pic
50p Ordinary shares		3,000	32,576				3,000	32,576	30,825	60
Law Debenture Corp	pic
5p Ordinary shares			28,364					28,364	55,160	2,109
Link Fund Solutions	Ltd
Income Fund		40,750	56,813				40,750	56,813	50,754	2,031
Majedie Investment Trust pic
10pOrdinary shares		11,750	29,024	(11,750)	(20,072)	(8,952)				$17
Mercantile Investment	Trust pic
2.Sp Ordinary shares		27,250	23,250				27,250	23,250	52,647	1,880
Merchants Trust pic
25p Ordinary shares		6,900	34,894				6,900	34,894	39,054	1,894
Murray Income Trust	pic
25p Ordinary shares		5,800	35,565	(4,150)	(35,171)	9,724	1,650	10,118	13,910	936
Murray International	Trust pic
25p Ordinary shares		8,500	59,764				8,500	59,764	114,070	4,6'75
Ninty One Fund Manager
Diversified Income shares		87,7S0	88,238				87,750	8&,238	80,361	3,324
Polar Capital Funds
Income fund		4,550	39,3'/8				4,550	39,378	33,5'/9	1,767
Residential secure income PLC
10pOrdinary shares		33,500	32,220				33,500	32,220	22,043	1,729
RutTer Investment Company
Red Ptg Pref0.1pshares		4,390	10,285	9,860	29,868		14,250	40,1$3	44,033	371
Samarang Asset Management
Hslley Sivac Asian Prosperity
A Inc Shares		200	38,2$6				200	38,256	52,724	2,356
Scottish American Investment
Company pic
2SpOrdinary shares		11,500	24,925				11,500	24,925	57,845	1,555
T. Bailey Fund Services
Evenlode Income C units		16,500	35,607				16,500	35,607	41,875	1,115
Twenty four income fund
Ip Ordinary shares		21,959	24,999				21,959	24,999	22,310	1,596
titan Investment Trust pic
25p Ordinary shares		36,500					36,500	29,385	"/9,570	2,117
			I.i47.777		(7,196)	8,843		1,149,424	I,S13,644	56,850
Grand Totals			KI.251.722		(f7,196	X&,843		f,1,253,369	f1,615,147	f60,84S