| Founder: | Pamela Holmwood Barlow |
|---|---|
| Date of Death of Founder: | 24 June 2002 |
| Charity Registration Number: | 1085722 |
| Trustees: | Clare Alison Laird (Retired 4 November 2020) |
| Hannah Tait (Appointed 4 November 2020) | |
| Anne Tromans | |
| Elaine Margaret Hart (Appointed 4 November 2020) | |
| Alan John Sinnett (Retired 4 November 2020) | |
| Elaine Hart FCILEx is employed with Shakespeare Martineau LLP. | |
| The other Trustees are all partners in Shakespeare Martineau LLP. | |
| Shakespeare Martineau LLP have received professional fees from the | |
| trust as detailed on page 5. | |
| Nature of Governing Instrument: | The Pamela Barlow Charitable Trust was established by deed on 7 June |
| 2000. Clause 4 of the Trust Deed gives the Trustees the power to | |
| appoint new Trustees. | |
| Trust Provisions: | The Trustees shall hold the Trust Fund and the income of it upon trust |
| first to pay from it all proper costs and expenses incurred by the | |
| Trustees in administering the Charity and the Trust Fund, and subject to | |
| that to pay or apply the income and (if and when the Trustees in their | |
| absolute discretion think fit) the whole or any parts of the capital of the | |
| Trust Fund to or for such charitable institution or institutions or other | |
| charitable object or objects in any part of the world as the Trustees shall | |
| in their absolute discretion think fit to support or establish. | |
| Bankers: | Credit Suisse (UK) Limited (from April 2020) |
| Five Cabot Square | |
| London | |
| El4 4QR | |
| Coutts & Co (to July 2020) | |
| 440 Strand | |
| London | |
| WC2R OQS | |
| Solicitors: | Shakespeare Martineau LLP |
| 2ndFloor, Radcliffe House | |
| Blenheim Court | |
| Solihull | |
| B91 2AA |
| Investment Managers: | Credit Suisse (UK) Limited (from April 2020) |
|---|---|
| Five Cabot Square | |
| London | |
| El4 4QR | |
| Coutts & Co (to July 2020) | |
| 440 Strand | |
| London | |
| WC2R OQS | |
| Independent Examiner: | RSM UK Tax and Accounting Limited |
| Chartered Accountants | |
| St Philips Point | |
| Temple Row | |
| Birmingham | |
| B2 5AF | |
| Principal Office: | Shakespeare Martineau LLP 2KdFloor, Radcliffe House |
| Blenheim Court | |
| Solihull | |
| B91 2AA | |
| Objects and Activities: | To pay income or capital to such charitable institution or institutions or |
| other charitable object or objects as the Trustees shall in their absolute | |
| discretion think fit. | |
| Policies: | In furtherance of their objects the Trustees made donations listed on |
| page 7. | |
| Organisation: | All matters of policy and management of the Trust are determined by |
| regular meeting of the Trustees. | |
| Donations: | The Trustees have made donations in the year ended 5 April 2021 |
| totalling £29,000. | |
| Financial Position: | The accounts have been prepared on a receipts and payments basis. |
| The performance of quoted investments held during the year was | |
| satisfactory. |
Vivian Shadbolt
03/02/22
| 2020 | 2021 | 2021 | |
|---|---|---|---|
| £ | £ | £ | |
| GENERAL FUND: | |||
| 556,196 | Disposal of investments — Coutts portfolio (see appendix) | 1,052,771 | |
| Disposal of investments — Credit Suisse portfolio (see appendix) | 282,215 | ||
| 29,341 | Income from investments | 15,072 | |
| DEPOSIT INTEREST: | |||
| 8 | Coutts Client Account interest | 6 | |
| 93 | Coutts Business Reserve Account interest | ||
| 240 | Coutts Capital Account interest | 6 | |
| 341 | 12 | ||
| 585,878 | 1,350,070 | ||
| 585,878 | TOTAL RECEIPTS | 1,350,070 | |
| PAYMENTS: | |||
| CHARITABLE ACTIVITY DIRECT EXPENDITURE: | |||
| (519,366) | Investments purchased at book cost Coutts (see appendix) | ||
| Investments purchased at book cost on set up of Credit Suisse | (612,755) | ||
| portfolio (see appendix) | |||
| Investments purchased at book cost Credit Suisse (see appendix) | (680,942) | ||
| (14,500) | Donations (page 7) | (29,000) | |
| ADMINISTRATION COSTS: | |||
| (43,830) | Shakespeare Martineau Fees | (37,706) | |
| (5,640) | Accountancy and Independent Examination Fees | (5,880) | |
| Credit Suisse Safe Custody Fees | (1,059) | ||
| (7,888) | Coutts Investment Management Fees | (2,086) | |
| Artorius Investment Management Fees | (7,089) | ||
| (57,358) | (53,820) | ||
| (591,224) | TOTAL PAYMENTS | (1,376,517) | |
| (5,346) | NET (PAYMENTS) FOR THE YEAR | (26,447) | |
| TOTAL BANK AND CLIENT ACCOUNT BALANCES AT | |||
| 111,349 | 5 APRIL 2020 | 106,003 | |
| TOTAL BANK AND CLIENT ACCOUNT BALANCES AT | |||
| 106,003 | 5 APRIL 2021 (page 6) | 79,556 |
| 2020 | 2021 | 2021 | |
|---|---|---|---|
| £ | £ | £ | |
| BANK AND CLIENT ACCOUNT BALANCES: | |||
| 95,028 | Coutts & Co Client Account | - | |
| Credit Suisse Accounts | 71,167 | ||
| 10,975 | Shakespeare Martineau LLP Client Account | 8,389 | |
| 106,003 | 79,556 | ||
| INVESTMENTS AT COST: | |||
| 1,024,715 | Market value as at 5 April 2021 £1,155,939 (see appendix) | 1,039,975 | |
| 1,130,718 | TOTAL ASSETS | 1,119,531 | |
| LIABILITIES: | |||
| 3,120 | Independent Examiner's Fees | 3,180 | |
| 2,760 | Accounts Preparation Fees | 2,814 | |
| 2,086 | Coutts Investment Management Fees | - | |
| Artorius Investment Management Fees | 2,284 | ||
| Shakespeare Martineau LLP Fees | 10,595 | ||
| 7,966 | 18,873 | ||
| 7,966 | TOTAL LIABILITIES | 18,873 |
| 06/04/2020 | Age UK | 3,000 |
|---|---|---|
| 06/04/2020 | NHS Charities Trust | 3,000 |
| 06/04/2020 | The Trussell Trust | 3,000 |
| 07/07/2020 | Henry | 2,000 |
| 07/07/2020 | The National Children's bureau | 1,000 |
| 07/07/2020 | Royal Manchester Children's hospital | 1,000 |
| 07/07/2020 | Roald Dahl's Marvellous Children's Charity | 1,000 |
| 07/07/2020 | The Silver Line | 1,000 |
| 07/07/2020 | We are Hourglass | 1,000 |
| 07/07/2020 | The Panathlon Foundation | 2,000 |
| 07/07/2020 | Building Circles | 1,000 |
| 07/07/2020 | John Taylor Hospice | 2,000 |
| 07/07/2020 | GL 11 Community Hub | 2,000 |
| 07/07/2020 | The Bridgend Carers Centre | 1,000 |
| 07/07/2020 | The Ambulance Staff Charity | 2,000 |
| 07/07/2020 | Carers Trust Solihull | 1,000 |
| 07/07/2020 | Brain Research UK | 1,000 |
| 07/07/2020 | Sight Savers | 1,000 |
| 29,000 |
| Pamela Barlow Charitable Trust - Year ended 5 April 2021 Investment Schedule (Credit Suisse) |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Units | Cost of | Book | Value | Market | value | ||||||||
| purchased on | purchases | Units purchased | Cost of purchases | Units disposed | Proceeds | Units c/fwd | c/fwd | c/fwd | |||||
| set up | |||||||||||||
| BONDS / FIXED INTEREST | |||||||||||||
| Global | |||||||||||||
| iShares PLC - iShares GBP Corporate Bond UCITS ETF Shares GBP ETF | |||||||||||||
| Transfers in | |||||||||||||
| Purchase | 447 | 67,190 | 244 | 37574 | |||||||||
| Sale | 154 | 23,920 | |||||||||||
| iShares PLC - iShares GBP Corporate Bond UCITS ETF Shares GBP ETF | 244 | 37,574 | 154 | 23,920 |
537 | 81,454 | 81,793 | ||||||
| iShares III PLC - iShares GBP Corporate Bond ex-Financials UCITS ETF | |||||||||||||
| Transfers in | |||||||||||||
| Purchase | 198 | 26,158 | 422 | 57,127 | |||||||||
| iShares III PLC - iShares GBP Corporate Bond ex-Financials UCITS ETF | 422 | 57,127 | 620 | 83,285 | 82,162 | ||||||||
| iShares III PLC iShares FTSE UK Gilts 0-5 | |||||||||||||
| Transfers in | |||||||||||||
| Purchase | 195 | 26,207 | 96 | 12,960 | |||||||||
| Sale | 77 | 10,365 |
|||||||||||
| iShares III PLC iShares FTSE UK Gilts 0-5 | 96 | 12,960 | 77 | 10,365 |
214 | 28,803 | 28,578 | ||||||
| iShares IV Public Limited Company iShares GBP | |||||||||||||
| Transfers in | 112 | 11,247 | |||||||||||
| Sale | 112 | 11,270 |
|||||||||||
| iShares IV Public Limited Company iShares GBP | - | - | 112 | 11,270 |
|||||||||
| iShares II PLC- iShares J.P. Morgan USD EM Bond UCITS ETF | |||||||||||||
| Transfers in | 5,263 | 22,601 | |||||||||||
| Sale | 1,994 | 9,386 | |||||||||||
| iShares II PLC- iShares J.P. Morgan USD EM Bond UCITS ETF | 1,994 | 9,386 | 7,257 | 31,987 | 34,228 | ||||||||
| iShares II PLC - iShares US Aggregate Bond UCITS ETF | |||||||||||||
| Transfers in | |||||||||||||
| Purchase | 4,908 | 26,289 | 12,803 | 68,279 | |||||||||
| iShares II PLC - iShares US Aggregate Bond UCITS ETF | 12,803 | 68,279 | 17,711 | 94,569 | 91,460 | ||||||||
| iShares II PLC - iShares USD High Yield Corp Bond UCITS ETF Shares Hedged GBP ETF | |||||||||||||
| Transfers in | |||||||||||||
| Purchase | 6,544 | 29,753 | 3,283 | 14,857 | |||||||||
| iShares II PLC - iShares USD High Yield Corp Bond UCITS ETF Shares Hedged GBP ETF | 3,283 | 14,857 | - | 9,827 | 44,610 | 47,924 | |||||||
| EQUITIES | |||||||||||||
| Europe ex UK | |||||||||||||
| Wienerberger AG | |||||||||||||
| Transfer in | |||||||||||||
| Sales | 216 | 4,525 |
|||||||||||
| Purchased | 189 | 2,600 | 27 | 482 | |||||||||
| Wienerberger AG | 27 | 482 | 216 | 4525 |
|||||||||
| Etablissementen Franz Colruyt NV | |||||||||||||
| Purchase | 64 | 2,957 | |||||||||||
| Etablissementen Franz Colruyt NV | 64 | 2,957 | 64 | 2,957 | 2,768 | ||||||||
| Continued - see next page |
| Pamela Barlow Charitable Trust - Year ended 5 April 2021 nvestment Schedule (Credit Suisse) |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Units | Book Value | Market |
value | ||||||||
| purchased on Cost of purchases set up |
Units purchased | Cost of purchases | Units disposed | Proceeds | Units c/fwd | c/fwd | c/fwd | ||||
| 3i Infrastructure PLC | |||||||||||
| Transfer in | |||||||||||
| Purchase | 11,811 | 29,641 |
3,491 | 9,786 |
|||||||
| Sale | 1,359 | 4,053 | |||||||||
| 3i Infrastructure PLC | 3,491 | 9,786 |
1,359 | 4,053 | 13,943 | 35,926 | 41,341 | ||||
| Linde PLC | |||||||||||
| Transfer in | |||||||||||
| Purchase | 17 | 2,500 | 5 | 849 |
|||||||
| Sale | 5 | 906 | |||||||||
| Linde PLC | 5 | 849 | 5 | 906 | 17 | 2,588 |
3,440 | ||||
| Ferguson PLC | |||||||||||
| Purchase | 56 | 3,936 |
|||||||||
| Sale | 21 | 1,687 | |||||||||
| Ferguson PLC | 56 | 3,936 |
21 | 1,687 | 35 | 2,460 | 3,131 | ||||
| ALTERNATIVE INVESTMENTS | |||||||||||
| Commodities and precious metals | |||||||||||
| WisdomTree Hedged Metal Securities Limited | |||||||||||
| Purchase | 5,909 | 61,756 |
|||||||||
| WisdomTree Hedged Metal Securities Limited | 5,909 | 61,756 |
5,909 | 61,756 |
55,685 | ||||||
| Real Estate | |||||||||||
| Empiric Student Property PLC | |||||||||||
| Transfer in | |||||||||||
| Purchase | 19,509 | 12,765 |
13,045 | 7,732 |
|||||||
| Sale | 32,554 | 19,098 | |||||||||
| Empiric Student Property PLC | 13,045 | 7,732 |
32,554 | 19,098 | |||||||
| Primary Health Properties PLC | |||||||||||
| Transfer in | |||||||||||
| Purchase | 8,042 | 12,624 |
4,384 | 6,693 |
|||||||
| Sale | 12,426 | 18,590 | |||||||||
| Primary Health Properties PLC | 4,384 | 6,693 |
12,426 | 18,590 | |||||||
| M&G Property Portfolio Shares Class R - Transferred from Coutts | 494 | 4,538 | 4,538 | ||||||||
| M&G Property Portfolio Shares Class R | 494 | 4,538 | 4,538 | ||||||||
| GRAND TOTAL | 612,755 | 680,942 | 282,215 | 1,039,975 | 1,155,939 |
| Units b/fwd | Book Value b/fwd | Market Value b/fwd | Units disposed | Proceeds | Units c/fwd Book Value Market c/fwd value c/fwd |
Units c/fwd Book Value Market c/fwd value c/fwd |
||
|---|---|---|---|---|---|---|---|---|
| BONDS / FIXED INTEREST | ||||||||
| Global | ||||||||
| Bluebay Emerging Market Local Currency Bond | ||||||||
| Sale | 119.536 | 10,869 | ||||||
| Bluebay Emerging Market Local Currency Bond | 119.536 | 12,578 | 10,304 | 119.536 | 10,869 | |||
| Pimco Funds: Global Investors Series Plc Shs | ||||||||
| 1,027.603 | 11,304 | |||||||
| Pimco Funds: Global Investors Series Plc Shs | L027.603 | 12,549 | 11,006 | 1,027.603 | 11,304 | |||
| Pimco Funds: Global Investors Series Plc Institutional Shares UK Corporate Bond | ||||||||
| Sale | 2,653,530 | 26,774 | ||||||
| Pimco Funds: Global Investors Series Plc Institutional Shares UK Corporate Bond | 2,653.530 | 26,809 | 26,509 | 2,653.530 | 26,774 | |||
| Pimco Funds: Global Investors Series Plc Shares Institutional Class GBP | ||||||||
| Purchase | 1,825.554 | 23,623 | ||||||
| Pimco Funds: Global Investors Series Plc Shares Institutional Class GBP | 1,825.554 | 25,720 | 23,477 | 1,825.554 | 23,623 | |||
| Equator UK Sovereign Bond Index Fund | ||||||||
| Sale | 25,205.475 | 28,492 | ||||||
| Equator UK Sovereign Bond Index Fund | 25,205.475 | 25,599 | 28,470 | 25,205.475 | 28,492 | |||
| Invesco Markets II Plc Shares Hedged | ||||||||
| Sale | 1,827.000 | 82,970 | ||||||
| Purchase | ||||||||
| Invesco Markets II Plc Shares Hedged | 1,827.000 | 74,355 | 83,572 | 1,827.000 | 82,970 | |||
| Neuberger Berman Investment Funds Plc | ||||||||
| Purchase | ||||||||
| Sale | 2,684.975 | 23,198 | ||||||
| Neuberger Berman Investment Funds Plc | 2,684.975 | 25,735 | 22,849 | 2,684.975 | 23,198 | |||
| Barings Umbrella Fund Plc Shares GBP | ||||||||
| Purchase | 121.566 | 10,603 | ||||||
| Barings Umbrella Fund Plc Shares GBP | 121.566 | 12,787 | 10,056 | 121.566 | 10,603 | |||
| Vontobel Fund SICAV Shares | ||||||||
| Sale | 319.765 | 26,067 | ||||||
| Vontobel Fund SICAV Shares | 319.765 | 33,716 | 26,019 | 319.765 | 26,067 |
| Book Value Market | Book Value Market | |||||||
|---|---|---|---|---|---|---|---|---|
| Unitsb/fwd | Book Valueb/fwd | Market Value b/fwd | Units disposed | Proceeds | Units c/fwdc/fwd | valuec/fwd | ||
| EQUITIES | ||||||||
| North America | ||||||||
| Equator US Equity USD Class C | ||||||||
| Sale | 276,790439 | 258,019 | ||||||
| Equator US Equity USD Class C | 276,790.439 | 241,047 | 244,694 | 276,790.439 | 258,019 | |||
| Europe ex UK | ||||||||
| Baring Europe Select Trusts GBP | ||||||||
| Sale | 448.600 | 16,091 | ||||||
| Baring EuroF | 448.600 | 17,846 | 15,109 | 448.600 | 16,091 | |||
| BlackRock Index Selection Fund Units | ||||||||
| Sale | 4,112.610 | 32,740 | ||||||
| BlackRock In | 4,112.610 | 37,987 | 30,911 | 4,112.610 | 32,740 | |||
| United Kingdom | ||||||||
| Coutts Multi Asset UK Growth Fund Class C - Distributing | ||||||||
| Sale | 135,615.960 | 143,550 | ||||||
| Coutts Multi Asset UK Growth Fund Class C- Distributing | 135,615.959 | 135,117 | 136,891 | 135,615.960 | 143,550 | |||
| Equator UK Equity Class C Distributing | ||||||||
| Sale | 300,125.650 | 246,733 | ||||||
| Equator UK Equity Class C Distributing | 300,125.647 | 225,160 | 233,348 | 300,125.650 | 246,733 | |||
| Japan | ||||||||
| JPMorgan Fund ICVC Shares Class | ||||||||
| Sale | 6,850.496 | 19,394 | ||||||
| JPMorgan Fund ICVC Shares Class | 6,850.496 | 16,380 |
18,661 |
6,850.496 | 19,394 | |||
| Pacific Basin ex Japan | ||||||||
| Fidelity Asian Smaller Companies | ||||||||
| Sale | 1,269.810 | 7,069 | ||||||
| Fidelity Asian Smaller Companies | 1,269.810 | 9,010 |
6,815 |
1,269.810 | 7,069 | |||
| Schroder International Selection Fund | ||||||||
| Sale | 34.890 | 11,188 | ||||||
| Schroder International Selection Fund | 34.890 | 12,693 |
10,855 |
34.890 | 11,188 |