THE MARY ALICE HARRIS CHARITABLE TRUST
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2021
CHARITY NUMBER 1124756
THE MARY ALICE HARRIS CHARITABLE TRUST
Members of the Board and Professional Advisers
The Trustees : Nigel Robert Harris Mrs Valerie Jane Harris Miss Abigail Sian Arris Miss Kate Annique Harris David William Coultrip
Registered Office : The Barn Dippenhall Farnham Surrey GU10 5ED Investment Adviser : Investec Wealth & Investment Limited 30 Gresham Street London EC2V 7QN Solicitors : Stevens & Bolton LLP Wey House Farnham Guildford Surrey GU1 4YD
THE MARY ALICE HARRIS CHARITABLE TRUST Trustees Annual Report Year ended 5 April 2021 Objectives The Trustees shall hold the capital and the income ol the trust lund upon Trust to pay or apply tho income. and (If and when the Iruslees in Iheli discretion think fill all 01 any part of parts of tha cat¥lal to or for such exclusively eharitable objects or purposes in any part of the world as Ihe Trustees may in their discretion think fil. Legal Status The charity is an unicorporaled trust registered with the Charity Commission under Number 1124756 Organlsatlon Th8 Trust is controlled by the flve liuslees Financial Controls During the financial year the trust88s gave discrolon to the Investment managgrs to undertake all decisions concerning the investment portrolio for the advancgmenl of the Trusfs investment oblectives. Investment Objectives 11 is intended that the cas%lal value of the portfolio is managed with the long term alm of providing a balance between income and capital growth in a diversified portfolio of equities, fixed Income stocks and Gash. The Trust is a registered charity and thus exempt from capital gains lax. Therèforo, the Investment objectives of the Tiust are not restricted by capital gains limilalions. Investment Crlteria In order to achieve these objectives, the trltslees have appointed Inveslec Wealth & Investment Limited lo manage the portfolio on a discretionary basis in modlum rlsk assets comprising equities and fixed income stocks. There are no limitations or reslrictions on investment and the trustees intend lo keep this under review wilh ils advisers. Review The trustees wll review the inveslmonl objectives and criteria of the Trust in conjunction with the advisers on al least an annual basis. ned on beh81f of e trustees Nigel H Valene Harris
THE MARY ALICE HARRIS CHARITABLE TRUST
Independent Examiner's Report to the Trustees Year ended 5 April 2021
Reporting on the unaudited accounts of the charity for the year ended 5 April 2021
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE INDEPENDENT EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 43(3)(a) of the Charities Act 1993 and that an independent examination is needed.
It is my responsibility to :
-
examine the accounts section 43(3)(a) of the 1993 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commissioners section 43(7)(b) of the 1993 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general directions given by the Charities Commissioners. An independent examination includes a review of the accounting records kept by the Trust and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
(a) to keep accounting records in accordance with section 41 of the act; and
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
BAILEY & CO TAX CONSULTANTS LTD 16a West Street Farnham, Surrey GU9 7DR
THE MARY ALICE HARRIS CHARITABLE TRUST Notes to the Financial Statements
YEAR ENDED 5 APRIL 2021
1 Net Donations Received
£
| N Harris V Harris 2. Investment Income UK Dividends UK Unit Trusts and OEIC Dividends accumulated Overseas Dividends - cash Overseas Dividends - accumulated (ERI) Overseas Dividends - accumulated UK Interest received on Unit Trust/OEICs UK Interest received on deposits Overseas Interest 3. Costs in furtherance of charitable objects Charities Aid Foundation Seeability 4. Management and Administration Legal and Professional - accrual 2021 Investec - management fee 5.Debtors and Cash Held HMRC (provisional tax reclaim - gift aid/income tax) Cash held by Stevens & Bolton LLP Cash held by Investec - GBP 6. Creditors - Amounts falling due within one year Legal fee creditor (2021) 7. Analysis of Net Assets in unrestricted funds Investments (cost) Unrestricted funds £444,986.74 |
- - £0.00 326.67 128.47 3,865.20 0.00 0.00 4,320.34 1,819.42 0.00 0.00 1,819.42 £6,139.76 £10,000.00 £2,000.00 £12,000.00 3,588.00 5,949.41 £9,537.41 492.95 0.00 11,178.39 £11,671.34 £3,588.00 Other Total £8,083.34 £453,070.08 |
- - |
|---|---|---|
| £0.00 | ||
| Other £8,083.34 |
||
| £6,139.76 | ||
| £10,000.00 £2,000.00 |
||
| £12,000.00 | ||
| 3,588.00 5,949.41 |
||
| £9,537.41 | ||
| 492.95 0.00 11,178.39 |
||
| £11,671.34 | ||
| £3,588.00 | ||
| Total £453,070.08 |
THE MARY ALICE HARRIS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 APRIL 2021
| Note INCOMING RESOURCES Net Donations received 1 Investment Income 2 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable expenditure: Costs in furtherance of charitable objects 3 Management and administration 4 TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES OTHER RECOGNISED GAINS AND LOSSES Net gains/(losses) - investment assets Net gains/(losses) on foreign currency NET MOVEMENT IN FUNDS RELATING TO THE YEAR BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD |
£ - 6,139.76 |
|---|---|
| 6,139.76 | |
| 12,000.00 9,537.41 |
|
| 21,537.41 | |
| (15,397.65) 26,968.49 (554.09) |
|
| 11,016.75 442,053.33 |
|
| 453,070.08 |
THE MARY ALICE HARRIS CHARITABLE TRUST BALANCE SHEET
AS AT 5 APRIL 2021
| Note FIXED ASSETS Annexed CURRENT ASSETS Debtors & cash held 5 CREDITORS Amounts falling due within one year 6 TOTAL ASSETS LESS CURRENT LIABILITIES REPRESENTED BY : FUNDS Unrestricted 7 |
£ £ 444,986.74 11,671.34 3,588.00 8,083.34 £453,070.08 453,070.08 £453,070.08 |
£ £ 444,986.74 11,671.34 3,588.00 8,083.34 £453,070.08 453,070.08 £453,070.08 |
|---|---|---|
| £453,070.08 | ||
| 453,070.08 | ||
| £453,070.08 |
THE MARY ALICE HARRIS CHARITABLE TRUST Schedule of Investments for the period from 6 April 2020 to 5 April 2021
| Alphabet Inc A shares 06/04/2020 B/fwd 22/03/2021 Sold 05/04/2021 C/fwd Amazon Com Inc Com USD0.01 06/04/2020 B/fwd 22/03/2021 Sold 05/04/2021 C/fwd Baillie Gifford Japanese W3 ACC 28/08/2020 Bought 05/04/2021 C/fwd BH Global Ord GBP 06/04/2020 B/fwd 01/03/2021 Bought 05/04/2021 C/fwd Blackrock Emerging Mkts Fexi Dyn Bd 22/03/2021 Bought 05/04/2021 C/fwd Boohoo Group Ord GBP0.01 22/03/2021 Bought 05/04/2021 C/fwd Chubb Limited Ord CHF24.15 06/04/2020 B/fwd 01/07/2021 Sold 05/04/2021 C/fwd Coca-Cola Co Com 06/04/2020 B/fwd 08/01/2021 Sold 05/04/2021 C/fwd CVS Group Ord GBP0.002 22/03/2021 Bought 05/04/2021 C/fwd |
Units Cost Opening Balances |
Units Cost Acquisitions |
Units Proceeds Cost Profit/Loss Disposals |
Units Cost Closing |
Market Value |
|---|---|---|---|---|---|
| 25 5,022.15 7 10,242.28 1,406.20 8,836.08 18 3,615.95 27,741 16 21,938.28 5 11,059.84 6,855.71 4,204.13 11 15,082.57 25,161 789 13,933.74 789 13,933.74 16,530 1,320 19,174.00 524 9,908.84 1,844 29,082.84 35,220 210 18,708.90 210 18,708.90 18,554 2,900 9,830.10 2,900 9,830.10 10,085 138 14,163.05 138 14,197.00 14,163.05 33.95 0 0.00 0 448 9,962.00 448 16,462.10 9,962.00 6,500.10 0 0.00 0 540 9,774.00 540 9,774.00 9,747 |
THE MARY ALICE HARRIS CHARITABLE TRUST Schedule of Investments for the period from 6 April 2020 to 5 April 2021
| Danaher Corp Com USD0.01 05/05/2020 Bought 05/04/2021 C/fwd Enel SPA Eur1 06/04/2020 B/fwd 05/04/2021 C/fwd Equinix Inc Com USD0.001 06/04/2020 B/fwd 05/04/2021 C/fwd Estee Lauder Com USD0.01 06/04/2020 B/fwd 05/04/2021 C/fwd HarbourVest G1 PE Ord 06/04/2020 B/fwd 05/04/2021 C/fwd HCA Healthcare Inc Com USD0.01 06/04/2020 B/fwd 05/04/2021 C/fwd Hipgnosis Songs Fu Ord 07/10/2020 Bought 01/03/2021 Bought 05/04/2021 C/fwd Home Depot 06/04/2020 B/fwd 05/04/2021 C/fwd Invesco Mgrs Per Corp Bond UK D Dis 06/04/2020 B/fwd 02/03/2021 Sold 05/04/2021 C/fwd |
Units Cost Opening Balances |
Units Cost Acquisitions |
Units Proceeds Cost Profit/Loss Disposals |
Units Cost Closing |
Market Value |
|---|---|---|---|---|---|
| 115 15,065.66 115 15,065.66 18,730 3,745 10,572.00 3,745 10,572.00 26,882 32 9,741.00 32 9,741.00 15,700 90 14,900.69 90 14,900.69 19,038 1,318 19,969.71 1,318 19,969.71 26,393 177 2,813.88 177 2,813.88 23,842 8,600 9,971.27 13,000 14,951.00 21,600 24,922.27 26,827 94 11,854.61 94 11,854.61 20,933 31,284.32 54,383.40 12,400.00 25,153.40 21,555.66 3,597.74 18,884.32 32,827.74 38,397 |
THE MARY ALICE HARRIS CHARITABLE TRUST Schedule of Investments for the period from 6 April 2020 to 5 April 2021
| JP Morgan European Smaller C Acc 04/05/2020 Bought 26/02/2021 Acc div 05/04/2021 C/fwd JP Morgan Chase & Com USD1 06/04/2020 B/fwd 22/03/2021 Sold 05/04/2021 C/fwd Kainos Group Ord GBP0.005 22/03/2021 Bought 05/04/2021 C/fwd Legal & General L&G Ise Cyber Sec 10/03/2021 Bought 22/03/2021 Bought 05/04/2021 C/fwd London Stock Exchange Ord GBP0.06918604 22/03/2021 Bought 05/04/2021 C/fwd Marathon Petroleum Com USD0.01 06/04/2020 B/fwd 30/09/2020 Sold 05/04/2021 C/fwd Medtronic USD0.0001 06/04/2020 B/fwd 05/04/2021 C/fwd Melrose Industries 06/04/2020 B/fwd 05/04/2021 C/fwd Microsoft Corp Com USD0.00000625 05/10/2020 Bought 05/04/2021 C/fwd |
Units Cost Opening Balances |
Units Cost Acquisitions |
Units Proceeds Cost Profit/Loss Disposals |
Units Cost Closing |
Market Value |
|---|---|---|---|---|---|
| 2,124 14,521.79 - 25.38 2,124 14,547.17 21,941 350 9,957.00 91 10,011.99 2,588.82 7,423.17 259 7,368.18 28,808 710 9,956.21 710 9,956.21 10,831 580 9,886.61 570 9,723.80 1,150 19,610.41 19,462 125 9,002.29 125 9,002.29 9,035 188 9,767.00 188 4,310.00 9,767.00 (5,457.00) 0 0.00 0 114 7,848.63 114 7,848.63 9,750 10,452 11,214.19 10,452 11,214.19 18,150 93 14,911.00 93 14,911.00 16,309 |
THE MARY ALICE HARRIS CHARITABLE TRUST Schedule of Investments for the period from 6 April 2020 to 5 April 2021
| Mondi Ord EUR0.20 06/04/2020 B/fwd 30/04/2020 Sold 05/04/2021 C/fwd Nike Inc Class B Com 01/07/2020 Bought 05/04/2021 C/fwd Palo Alto Networks Com USD0.0001 06/04/2020 B/fwd 08/01/2021 Sold 05/04/2021 C/fwd Paypal Holdings Com USD0.0001 06/04/2020 B/fwd 05/04/2021 C/fwd Prudential Ord GBP0.05 06/04/2020 B/fwd 07/10/2020 Sold 05/04/2021 C/fwd Roche Holdings Ag Genusscheine 06/04/2020 B/fwd 23/12/2020 Sold 05/04/2021 C/fwd Roper Technologies Com USD0.01 05/05/2020 Bought 23/02/2021 Sold 05/04/2021 C/fwd Royal Dutch Shell B Ord EUR0.07 06/04/2020 B/fwd 07/10/2020 Sold 05/04/2021 C/fwd |
Units Cost Opening Balances |
Units Cost Acquisitions |
Units Proceeds Cost Profit/Loss Disposals |
Units Cost Closing |
Market Value |
|---|---|---|---|---|---|
| 469 7,815.65 469 6,839.55 7,815.65 (976.10) 0 0.00 0 186 14,798.00 186 14,798.00 17,838 95 13,176.27 29 7,904.36 4,022.23 3,882.13 66 9,154.04 15,667 94 7,890.75 94 7,890.75 16,838 910 12,655.65 910 10,387.33 12,655.65 (2,268.32) 0 0.00 0 85 14,540.68 85 21,583.72 14,540.68 7,043.04 0 0.00 0 54 15,116.50 54 14,652.55 15,116.50 (463.95) 0 0.00 0 400 9,307.81 400 3,765.00 9,307.81 (5,542.81) 0 0.00 0 |
THE MARY ALICE HARRIS CHARITABLE TRUST Schedule of Investments for the period from 6 April 2020 to 5 April 2021
| Schroder UT Tokyo L Acc 06/04/2020 B/fwd 30/04/2020 Acc div 21/08/2020 Sold 05/04/2021 C/fwd Tencent Holdings HKD0.00002 06/05/2020 Bought 05/04/2021 C/fwd Thermo Fisher Science Com USD1 06/04/2020 B/fwd 05/04/2021 C/fwd UK Gov Idx/Lkd Snr 22/11/2032 23/12/2020 Bought 05/04/2021 C/fwd Visa Inc Com Stik USD0.0001 06/04/2020 B/fwd 05/04/2021 C/fwd Vontobel AM MTX Sust Asian Leaders 06/04/2020 B/fwd 05/04/2021 C/fwd Walt Disney Holdings 06/04/2020 B/fwd 05/04/2021 C/fwd Totals |
Units Cost Opening Balances |
Units Cost Acquisitions |
Units Proceeds Cost Profit/Loss Disposals |
Units Cost Closing |
Market Value |
|---|---|---|---|---|---|
| 17,647 14,181.12 - 103.09 17,647 14,440.54 14,284.21 156.33 0 0.00 0 356 15,140.69 356 15,140.69 21,664 37 7,848.66 37 7,848.66 12,217 £6,500 14,107.39 £6,500 14,107.39 13,501 100 8,905.11 100 8,905.11 15,692 198 19,887.12 198 19,887.12 26,144 145 10,101.23 145 10,101.23 19,828 _ _ _ _ _ _ _ 359,591.65 229,436.26 171,009.66 144,041.17 26,968.49 444,986.74 653,455 _ _ _ _ _ _ _ |