2021-04-05-accounts - The Gurney Charitable Trust

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				2021		2021	2021	2020
				Unrestricted		Unrestricted	Total	Total
				Income		capital	funds	funds
			Note	funds		funds
				E		E
INCOME AND EXPENDITURE
Income and endowments from:
Other trading activities
Variatlon ofcovenants						26,000	26,000	15,000
Income from Investments
Deposit interest					1		1	97
UK Authorised Trust Interest				1,420			1,420	1,775
Overseas Funds Interest				1,782			1,782	1,990
Dividends from UK authorised	unit trusts			5,826			5,826	11,431
Dividends from overseas funds				8,353			8,353	8,796
Distributions from Overseas Property		Funds			432		432	712
Rentallncome					250		250	(31)
Total income and endowments				18,064		26,000	44,064	39,770
Expenditure:
Expenditure on charitable activities
Grants pa Id			13	1,500			1,500	7,900
Woodland maintenance costs				1,140			1,140
Independent examiner's remuneration				1,300		1,430	2,730	3,720
Expenditure on raising funds
Legal and professional					15		15	3,112
Investment commission and charges						17,070	17,070	15,830
Total expenditure				3,955		18,500	22,455	30,562
Net gains / (losses) on investments
Realised (losses) / gains on disposal of
Investments						103,742	103,742	(12,766)
Unrealised (losses) / gains on
Investment assets						258,795	258,795	(116,245)
Total(losses) / gains						362,537	362,537	(129,011)
Net income / (expenditure)				14,109		370,037	384,146	(119,803)
Total funds brought forward						1,229,897	1,229,897	1,349,700
Total funds carried forward				14,109		1,599,934	1,614,043	1,229,897

Balance sheet	Balance sheet
			Note	2021		2020
Fixed assets
Intangible			6	10		10
Tangible			5	55,101		55,101
Investments			7	1,502,486		1,124,505
					1,557,597		1,179,616
Current assets
Debtors
Cash ln hand,		at the bank and
on deposit with brokers				65,298		60,018
				65,298		60,018
Liabilities due		within one year
Creditors			9	(8,852)		(9,737)
Net current	assets				56,446		50,281
Net assets					1,614,043		1,229,897
Represented		by
Unrestricted	capital account		10		1,599,934		1,218,429
Unrestricted	income account		10		14,109		11,468
					1,614,043		1,229,897

Tangible fixed assets	Tangible fixed assets
Non-depreciating	freehold	land	Stratton	Chase	Ellwood Road	Manor Road		Total
			Chalfont	St Giles		Penn
			E			f.
Gross book value	at 6th April 2020			5,100	50,000			55,101
Revaluation
Gross book value	at 5th April 2021			5,100	50,000		1	55,101

Intangible	fixed assets	Non
		depreciating
		covenant
		E
Gross book value at 6th April 2020 and 5th April 2021		10

Fixed asset Investments	Fixed asset Investments				Cost	Market	value
					E	E
Original cast/market	value
As at 6th April 2020					906,050	1,124,505
Acquisitions in year					508,151	508,151
Disposals in year					(294,678)	(387,078)
Movement on accrued Income							(1,887)
Unrealised gain for the year						258,795
As at 5th April 2021					1,119,523	1,502,486
		2021	2021		2020	2020
		Cost	Market	value	Cost	Market	value
		E	E		E	f
Equities
United Kingdom		112,924	169,373		136,116	163,233
Europe		26,175	41,283		57,822		53,471
North America		125,353	309,860		153,890	288,956
Japan		32,439		32,764	42,839		39,921
Asia (exJapan)		34,903		80,340	34,988		50,466
Emerging markets		111,468	132,251		54,372		58,992
Global		299,379	335,024		84,000		83,420
Bonds
United Kingdom		27,616		33,385	53,005		68,224
North America		85,540		88,023	72,091		74,278
Emerging markets		36,489		33,811	15,049		11,248
Global		21,733		21,502
Alternative Investments
Hedge funds		45,712		46,516	22,862		24,117
Property					26,000		27,630
Commodity		94,135		97,071	87,359	111,981
Other		65,657		81,283	65,657		68,568
		1,119,523	1,502,486		906,050	1,124,505

Debtors						2021	2020
						E	f
Rent receivable
Creditors						2021	2020
						E	E
Accountancy		accrual				3,600	3,780
Schroder	management			fees accrual		4,517	3,950
Deferred	income		—rent	received	in advance	734	969
Amounts	paid	on	behalf	ofthe Trust			1,038
						8,852	9,737

Summary of net assets by fund:
	2021	2020
Capital fund	E	6
Fixed assets	1,557,597	1,179,616
Net current assets	42,337	38,813
	1,599,934	1,218,429
	2021	2020
Income fund	E	6
Fixed assets
Net current assets	14,109	11,468
	14,109	11,468
	2021	2020
Total	f	E
Fixed assets	1,557,597	1,179,616
Net current assets	56,446	50,281
	1,614,043	1,229,897

Grants paid			Number of	2021	2020
			grants	E	E
To institutions:
CCC County Fund Ireby CE School					1,000
Framfleld School PTA - building		fund			900
Friends ofEast Sussex Hospices					4,000
Glyndebourne Trust					1,000
South Downs Trust					1,000
Sussex Community	Foundation			1,000
Towner Art Gallery	-AIM			500
				1,500	7,900

Schedule of Investments
							Market
						Cost	value
Equities					No	E	6
United IGngdom
Ma)edie UK Equity Fund Shs XGBP					22788.5620	25,758	33,581
Polar Cap UK Value Opportunities	Fund				3900.0000	42,363	48,048
Schroder Income Fund Units Class	5GBP Income				160897.3900	44,803	87,744
Europe
BlackRock Eurpean Dynamic Fund					16868.0000	26,175	41,283
North America
IShares PLC- 5+P 5001ndex Shs ETF GBP					5400.0000	33,634	155,729
Vanguard S&P500 UCITS ETFShs	Ptg. Exchange Traded		Fund		551.0000	13,238	30,254
William Blair US SM Gr-JW I-GBP-Dls					354.5450	44,251	59,794
Spyglass USGrowth -FP-GBP-Inc					2000.5670	20,212	32,279
Findlay Park American USD inc					262.0000	14,018	31,804
Japan
JP Morgan Fund ICVC					0.0000		73
Vanguard Japan Stock Index I GBP Inc					189.0000	32,439	32,691
Asia exJapan
Schroder Asian Alpha Plus Fund Units Class		5 GBP Income			60000.0000	34,903	80,340
Emerging Markets
Fidelity Emerging Markets - R Accum					29000.0000	23,622	42,340
RWC Global Emerging Markets Fund					439.0000	55,146	53,375
Allianz China Equity-Shs-WT-GBP-Acc					20.8310	32,700	36,536
Global
Ninety One III Global Environment	Fund				18337.0000	30,199	28,672
Wellington Global Health Care					5750.2090	47,038	53,344
Polar Global Insurance Fund					6000.0000	33323	34,832
Schroder Global Recover Fund					99680.0000	60,237	60,456
HSBC FTSE All World-5-GBP-Inc					11763.9800	19,967	22,987
ATLAS Globalinfrastructure					181.0000	20,696	21,317
T.Rowe Global Technology Equity	Fd				2318.0000	13,129	28,194
Robeco BPGlobal Premium Equltes					673.0000	74,790	85,222
						742,641	1,100,895
Bonds
United Kingdom
Charity Bond income					50000.0000	27,616	33,385
North America
MU Lyxor Core US TIPS (DR)UCITS ETF					156.0000	15,188	17,312
IShares USD Treasury Bond 20+yr					2334.0000	13,449	11,385
CG Portfolio Funds Pic -Dollar Fund					568.1500	56,903	59,326
Emerging Markets
IShares China CNY Bond UCITS ETF					5294.0000	21,434	20,489
Ashmore Emerging Markets Total					113971.0000	15,055	13,322
Graf
Morgan Stanley Global Asset Backed Securities Fund					868.0760	21,733	21,502
						171,378	176,721
Afternatfve Investments
Hedge funds
Highbridge Multi Strategy Fund (Post Redemption)					12900.0000		138
Lumyna Sandbar GAMNU -X2-GBP-Dis					223.0000	22,394	23,098
Brevan Howard Absolute Return					219.0000	23,318	23,280
Commodities
iShares Physical Metals PLC2011	Without	Fixed Maturity		Regd.	1902.0000	38,311	46,437
Wisdom Tree Hedged Metal Sec Ltd					5373.0000	55,824	50,634
Other
International Public Partnershlps					10217.0000	12,260	17,185
Schroder Diversified Alternative					375.0000	38,078	38,922
31 Infrastructure PLC Shs GBP					8491.0000	15,319	25,176
						205,504	224,870
						1,119,523	1,502,486


Dividends	from UK authorised unit trust			Dividend
Date	Security name			f
25/04/20	Schroder Income Fund Units Class		SGBP Income	3,731
30/04/20	JP Morgan Fund ICVC- JPM Japan Fund Shs Class C			123
30/04/20	BlackRock Eurpean Dynamic Fund			421
29/05/20	Schroder European Alpha Income 5 GBP Inc			61
15/07/20	I-ISBC FTSEAll World -5-6BP-Inc			84
31/07/20	Schroder UK Alpha Plus Fund Units		Class 5 GBP Income	1,506
28/08/20	Mafedle UK Equity Fund Shs X G8P			235
28/08/20	Schroder Asian Alpha Plus Fund	Units Class S6BP Income		744
28/08/20	Fidelity Emerging Markets —W Accum			162
23/10/20	Schroder Income Fund Units Class		S GBP Income	418
26/02/21	MaJedle UK Equity Fund Shs X GBP			228
				7,713
	Movement on accrued dividends			(1,887)
				5,826
Dividends	from overseas funds			Dividend
Date	Security name			f
08/04/20	Vanguard 5+P 500 ETF -GBP			128
09/06/20	Schroder DiverslRed Alternative	Assets		200
19/06/20	international Public Partnerships			367
24/06/20	IShares 5+P 5001ndex ETF GBP			834
24/06/20	Vanguard 5+P 500 ETF - GBP			86
30/06/20	Spyglass US Growth -FP-GBP-Inc			206
06/07/20	Schroder Diversified Alternative	Assets		696
13/07/20	31 Infrastructure PLC			391
15/07/20	ATLAS Globallnfrastructure			176
30/09/20	IShares S+P 500 ETF GBP			773
07/10/20	Vanguard 5+P 500 ETF -GBP			107
13/11/20	International Public Partnerships			376
23/12/20	IShares 5+P 500 ETF GBP			521
23/12/20	Robeco BP Global Premium Equites			370
23/12/20	IShares MSCI World Health Care			63
30/12/20	Vanguard S+P500 ETF - GBP			87
31/12/20	Vanguard S+P500 ETF - GBP			16
07/01/21	Schroder Diversified Alternative	Assets		728
11/01/21	31 Infrastructure PLC			416
11/01/21	ATIAS Globallnfrastructure			440
29/01/21	Polar Global Insurance Fund			54
29/01/21	Polar Cap UK Value Opportunities		Fund	267
24/03/21	IShares 5+P 500 Index ETF GBP			474
29/03/21	Robeco BP Global Premium Equites			397
31/03/21	Vanguard 5+P 500 ETF -GBP			96
31/03/21	Alllanz China Equity-Shs-WT-GBP-Acc			84
				8,353

29/05/20	Chadty	Bond	Fund
28/08/20	Charity	Bond	Fund
30/11/20	Charity	Bond	Fund
26/02/21	Charity	Bond	Fund

30/04/20	Schroder	indir.	Real	Estate	Units	-8-
01/06/20	Schroder	Indir.	Real	Estate	Units	-8-
28/08/20	Schroder	Indlr.	Real	Estate	Units	-8-
28/09/20	Schroder	Indlr.	Real	Estate	Units	-8-
27/11/20	Schroder	lndlr.	Real	Estate	Units	-8-
26/02/21	Schroder	Indir.	Real	Estate	Units	-8-
26/03/21	Schroder	Indir.	Real	Estate	Units	-8-

Gross		Tax		Expenses
f		f		F.
	38		3	23	12
	151		26	23	102
	169		24	68	77
	38		4	20	14
	172		6	45	121
	155		27	44	84
	49		5	22	22
	772		95	245	432

Cash account
					2021		2020
						f	f	f
Payments received	for	variations		ofcovenants		26,000		15,000
Add: receipts from	capital transactions
Proceeds on disposal of			investments		458,205		255,935
						458,205		255,935
Add: Income received
Rent received							1,250
Deposit interest received					1		97
Interest bearing securities interest					1,420		1,775
Dividends received					7,713		12,666
Overseas property	funds				432		712
Dividends from overseas			funds		8,353		8,795
Interest from overseas		funds			1,782		1,990
						19,701		27,285
Less: payments
Purchase oflnvestments					475,536		244,450
Accountancy					3,948		2,562
Legal and professional		fees					3,189
Management charges paid in year					16,502		15,536
Woodland maintenance			costs		1,140
Support costs
						(497,126)		(265,737)
						6,780		32,483
Less: donations made						(1,500)		(7,900)
						5,280		24,583
Balance brought forward						60,018		35,435
						65,298		60,018
Represented by
Barclays Bank Pic:
Current	account					36,396		16,984
Deposit	account					2,749		2,748
Schroder account						26,153		40,286
						65,298		60,018

Gross		Tax		Expenses
f		f		F.
	38		3	23	12
	151		26	23	102
	169		24	68	77
	38		4	20	14
	172		6	45	121
	155		27	44	84
	49		5	22	22
	772		95	245	432

Gross		Tax		Expenses
f		f		F.
	38		3	23	12
	151		26	23	102
	169		24	68	77
	38		4	20	14
	172		6	45	121
	155		27	44	84
	49		5	22	22
	772		95	245	432

Gross		Tax		Expenses
f		f		F.
	38		3	23	12
	151		26	23	102
	169		24	68	77
	38		4	20	14
	172		6	45	121
	155		27	44	84
	49		5	22	22
	772		95	245	432