##
##
##
##
##
##
##
##
##
##
|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|
##
##
##
##
|2.|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|