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2022-06-30-accounts

Page
Legal and administrative information
Trustees' report 2-4
Independent
auditor's		 report 5-7
Statement offinancial activities
Statement offinancial position
Statement ofcash flows to
Notes to the accounts 11-17
Investment schedule 18-25

Trustees Mrs Marguerite
Rosemary		 Mrs Marguerite
Rosemary		 Mrs Marguerite
Rosemary		 Bould
Rathbones Trust Company Limited
Charity number 1063278
Registered office Iaddress for appeals The Administrator
Rathbones Trust Company Limited
8 Finsbury Circus
London
EC2M 7AZ
Auditor Perrys Audit Limited
Churchdown Chambers
Bordyke
Tonbridge
Kent
TN9 1NR
Solicitors Penningtons Manches Cooper LLP
125Wood Street
London
EC2V 7AW
Investment advisers Rathbones Investment Management Ltd
8 Finsbury Circus
EC2M 7AZ

2022 2021
Notes E
Income
Further funds added to the trust 840,087 346,980
Investment
income		 79,187 73,606
Other income 105 12
Total income 919,379 420,598
Expenditure
Raising funds 15,711 13,745
Charitable
activities		 342,840 350,438
Total resources expended 358,551 364,183
Net income before investment (losses) f gains 576,539 70,160
Net (loss)Igain on investments 12 (598,880) 559,550
Net movement
in funds		 (38052) 615i965
Fund balances at 1 July 2021 4,292,206 3,676,241
Fund balances at 30June 2022 4,254,154 4,292,206
The statement
offinancial		 activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

2022 2021
Notes F
Fixed assets
Investments 13 4,232,244 4,291,940
Current assets
Debtors 14 1,708
Cash at bank and in hand 41,329 17,619
41,329 19,327
Creditors: amounts falling due within 15
one year (19,419) (19,061)
Net current assets 21,910 266
Total assets less current liabilities 4,254,154 4,292,206
Income funds
Unrestdcted funds 4,254,154 4,292,206
4,254,154 4,292,206
The accounts were approved by the Trustees on Fd-t-2&
.~....i.......~..
Rathbones Trust Company Limited
Trustee

2022 2021
8
Mrs M R Boutd 840,087 346,980
4 Investment income
2022 2021
5 8
UK dividend income 56,703 49,979
Unit trust interest 4,720 3,282
Foreign income 14,469 18,667
Foreign fixed interest 3,295 1,678
79,187 73,606
5 Other income
2022 2021
6 2
Rathbones gross interest 105

6 Raising funds Raising funds
Unrestricted Unrestricted
funds funds
2022f 2021
Rathbones investment management fees 15,711 13,745
15,711 13,745
7 Charitable activities
2022
6		 2021f
Grant funding ofactivities (see note 8) 327,000 335,000
Share of governance costs (see note 9) 15,840 15,438
342,840 350,438
8 Grants payable
2022
f		 2021f
Children 2,000 2,000
Religious 21,000 44,000
Disabled 2,000
General 9,000 8,000
Armed Forces 240,000 245,000
Animals 7,000 6,000
Welfare 10,000 4,000
Hospices 5,000 4,000
Medical 25,000 16,000
Seafarers 8,000 4,000
327,000 335,000
All ofthe above were payable to institutions.

Listed Cash in Total
investments
f		 portfolio
f
Cost or valuation
At 30June 2021 4,287,509 4,431 4,291,940
Additions 2,459,446 2,459,446
Unrealised
(loss)		 (525,071) (525,071)
Realised (loss) (73,809) (73,809)
Cash in investment porffolio 24,750 24,750
Disposals (1,945,012) (1,945,012)
At 30June 2022 4,203,063 29,181 4,232,244
investments
representing		 more than 5%ofthe portfolios total market value (excluding cash):
Investment Units Market Value
f		 %ofTotal Market
Value
Fidelity Investment Services 110,000 228,250 5.43%
Liontrust
Investment		 Funds 49,000 211,886 5.04%
Premier Portfolio Managers 68,000 231,676 5.51%
2022f 2021
6
Listed investments 4,203,063 4,287,509
Cash in investment portfolio 29,181 4,431
4,232,244 4,291,940
Historic cost ofinvestments 3,824,114 3,269,556
14 Debtors
Amounts
falling due within		 one year: 2022 2021f
Other debtors 1,708

Creditors: amounts falling due within one year due within one year
2022f 2021
Rathbones investment management fee 3,579 3,623
Rathbones trust administration fees 14,760 14,394
Audit fee 1,080 1,044
19,419 19,061

17 Cash generated
from operati		 ons
2022f 202'I
6
(Deficit)/surpus
for the year		 (38,052) 615,965
Adjustments
for:
Investment
income recognised		 in profit or loss (76,652) (72,688)
Realised loss / (gain) on disposal ofinvestments 73,809 (62,735)
Unrealised
loss / (gsin) ofinvestments		 525,071 (496,815)
Movements
in working
capital:
Increase
in creditors		 358 3,204
Cash generated
from/(absorbed		 by) operations 484,534 (13,069)
18 Analysis ofchanges
in net funds
The trust had no debt during the year.
19 Cash and cash equivalents
2022f 2021
6
Cash at bank and in hand 41,329 17,619
Cash in investment
portfolio		 29,181 4,431
70,510 22,050

20 Donations
made during		 the year the year
2022 2021
5
ABF LTColonel Wood Fund 100,000 100,000
Alzheimer's
Society		 2,000 2,000
Blind Veterans
UK		 2,000 2,000
Brainwave
Centre Limited		 2,000 2,000
Burma Star Association 5,000 10,000
Canine Partners
for Independence		 3,000 2,000
CHICKS - Country
Holidays		 for Inn er City Kids 2,000 2,000
Children's
Hospice South		 West 5,000 4,000
Cinnamon
Trust		 2,000 2,000
Combat Stress 4,000
Cystic Fibrosis Trust 3,000 2,000
Deaf Blind UK 2,000
Devon Air Ambulance 5,000 4,000
Devon Historic Churches Trust 3,000
Dogs For Good 2,000 2,000
Fishermen's
Mission		 2,000 2,000
Gurkha Welfare Trust 2,000 2,000
Hearing
Dogs for Deaf People		 2,000 2,000
Huntington's
Disease Association		 3,000 2,000
Livability 2,000 2,000
Mercy Ships UK 3,000 2,000
Mission Aviation
Fellowship		 UK 2,000 2,000
Mission Seafarers 3,000 2,000
Muscular
Dystrophy
UK		 3,000 2,000
Parkinson's
UK		 2,000 2,000
Queen Alexandra
Hospital		 3,000 2,000
Red Cross Ukraine Appeal 10,000
Sidmouth
Lifeboat		 3,000 2,000
Sidmouth
Living with Cancer		 2,000 2,000
Sidmouth
Padish Church		 5,000 25,000
St Lawrence Church Thorpe 9,000 12,000
StJohn Ambulance 3,000
St Peter's Church,
Farndon		 2,000
StPetrocks (Exeter) Limited 4,000 2,000
STOLL 100,000 100,000
The Camphill
Village Trust		 2,000
The Royal Artillery
Charitable		 Fund 3,000 2,000
The Royal British Legion 4,000 2,000
The Royal Regiment of Fusiliers Ai d Society 2,000 2,000
The Royal Star 8 Garter Homes 2,000 2,000
The Salvation Army 10,000 21,000
The Woodland
Trust		 2,000 2,000
327,000 335,000
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