## **THE MARY ALICE HARRIS CHARITABLE TRUST** ## **FINANCIAL STATEMENTS** **YEAR ENDED 5 APRIL 2025** **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 : Rathbones Group Plc 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 2025** ## **Objectives** The Trustees shall hold the capital and the income of the trust fund upon Trust to pay or apply the income, and (if and when the trustees in their discretion think fit) all or any part of parts of the capital to or for such exclusively charitable objects or purposes in any part of the world as the Trustees may in their discretion think fit. ## **Legal Status** The charity is an unicorporated trust registered with the Charity Commission under Number 1124756 ## **Organisation** The Trust is controlled by the five trustees ## **Financial Controls** During the financial year the trustees gave discretion to the investment managers to undertake all decisions concerning the investment portfolio for the advancement of the Trust's investment objectives. ## **Investment Objectives** It is intended that the capital value of the portfolio is managed with the long term aim of providing a balance between income and capital growth in a diversified portfolio of equities, fixed income stocks and cash. The Trust is a registered charity and thus exempt from capital gains tax. Therefore, the investment objectives of the Trust are not restricted by capital gains limitations. ## **Investment Criteria** In order to achieve these objectives, the trustees have appointed Rathbones to manage the portfolio on a discretionary basis in medium risk assets comprising equities and fixed income stocks. There are no limitations or restrictions on investment and the trustees intend to keep this under review with its advisers. ## **Review** The trustees will review the investment objectives and criteria of the Trust in conjunction with the advisers on at least an annual basis. Signed on behalf of the trustees : …………………………….. …………………………….. Nigel Harris Valerie Harris ## **THE MARY ALICE HARRIS CHARITABLE TRUST** ## **Independent Examiner's Report to the Trustees Year ended 5 April 2025** Reporting on the unaudited accounts of the charity for the year ended 5 April 2025 ## **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 : 1. examine the accounts section 43(3)(a) of the 1993 Act; 2. follow the procedures laid down in the General Directions given by the Charity Commissioners section 43(7)(b) of the 1993 Act; and 3. 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 Victoria House, South Street, Farnham, Surrey GU9 7QU **THE MARY ALICE HARRIS CHARITABLE TRUST Notes to the Financial Statements** ## **YEAR ENDED 5 APRIL 2025** ## **1 Net Donations Received** ## **£** |N Harris
V Harris
**2. Investment Income**
UK Dividends
UK Unit Trusts and OEIC Dividends accumulated
UK REIT Dividend
Overseas Dividends - cash
Overseas Dividends - accumulated (ERI)
Overseas Dividends - accumulated
UK Interest received on Unit Trust/OEICs
UK Interest received on deposits
UK Gilt Interest
UK REIT Interest
Overseas Interest
Overseas Interest - Accumulated
**3. Costs in furtherance of charitable objects**
Simon Langton Grammar School
Treloar Trust
The Royal School for the Blind
**4. Management and Administration**
Legal and Professional - accrual 2025
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
Cash held by Investec - USD
**6. Creditors - Amounts falling due within one year**
Legal fee creditor (2024)
Legal fee creditor (2025)
**7. Analysis of Net Assets in unrestricted funds**
Investments (cost)
Unrestricted funds
£453,951.85|-
-
£0.00
941.49
143.84
621.45
3,171.55
0.00
0.00
4,878.33
0.00
724.52
16.26
0.00
992.11
226.48
1,959.37
£6,837.70
£10,000.00
£10,000.00
£7,500.00
£27,500.00
4,188.00
5,557.64
£9,745.64
492.95
0.00
4,586.65
2.00
£5,081.60
3,996.00
4,188.00
£8,184.00
Other
Total
(3,102.40)
£450,849.45|-
-| |---|---|---| |||£0.00| ||Other
(3,102.40)|| |||£6,837.70| |||£10,000.00
£10,000.00
£7,500.00| |||£27,500.00| |||4,188.00
5,557.64| |||£9,745.64| |||492.95
0.00
4,586.65
2.00| |||£5,081.60| |||3,996.00
4,188.00| |||£8,184.00| |||Total
£450,849.45| ## **THE MARY ALICE HARRIS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 5 APRIL 2024** |**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|**£**
-
6,837.70| |---|---| ||6,837.70| ||27,500.00
9,745.64| ||37,245.64| ||(30,407.94)
31,168.40
118.59| ||879.05
451,263.03| ||452,142.08| ## **THE MARY ALICE HARRIS CHARITABLE TRUST BALANCE SHEET** ## **AS AT 5 APRIL 2024** |**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|**£**
**£**
453,951.85
5,081.60
8,184.00
(3,102.40)
**£450,849.45**
450,849.45
**£450,849.45**|**£**
**£**
453,951.85
5,081.60
8,184.00
(3,102.40)
**£450,849.45**
450,849.45
**£450,849.45**| |---|---|---| |||| |||**£450,849.45**| |||450,849.45| |||**£450,849.45**| ## **THE MARY ALICE HARRIS CHARITABLE TRUST Schedule of Investments for the period from 6 April 2024 to 5 April 2025** |Alphabet Inc Cap Stk USD0.001
06/04/2024
B/fwd
05/04/2025
C/fwd
Amazon Com Inc Com USD0.01
06/04/2024
B/fwd
05/04/2025
C/fwd
Astrazenca Ord USD0.25
11/12/2025
Bought
05/04/2025
C/fwd
Atlas Copco AB Ser 'A'
06/04/2024
B/fwd
05/04/2025
C/fwd
BH Macro Ord NPV GBP
06/04/2024
B/fwd
13/11/2024
Sold
05/04/2025
C/fwd
BNY Mellon Glb Cr Z
29/10/2024
Bought
11/02/2025
Equalisation
11/02/2025
Acc div
05/04/2025
C/fwd
Booking Holdings Inc Com USD0.008
06/04/2024
B/fwd
15/08/2024
Bought
28/03/2025
Sold
05/04/2025
C/fwd
Compass Group Ord GBP0.11050
06/04/2024
B/fwd
05/04/2025
C/fwd
ELI Lilly & Co Com
28/01/2025
Bought
05/04/2025
C/fwd|**Units**
**Cost**
**Opening Balances**|**Units**
**Cost**
**Acquisitions**|**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Disposals**|**Units**
**Cost**
**Closing**|**Market**
**Value**| |---|---|---|---|---|---| ||250
2,511.08
250
2,511.08
28,130
220
15,082.57
220
15,082.57
29,073
124
13,054.43
124
13,054.43
13,401
796
9,345.00
796
9,345.00
8,762
13,380
38,682.20
13,380
49,394.74
38,682.20
10,712.54
0
0.00
0
28,950
32,232.93
-
(1,230.38)
-
226.48
28,950
31,229.03
32,983
7
14,725.00
4
11,268.41
3
10,987.10
7,089.11
3,897.99
8
18,904.30
26,486
930
20,095.78
930
20,095.78
23,338
28
18,135.94
28
18,135.94
15,974||||| ## **THE MARY ALICE HARRIS CHARITABLE TRUST Schedule of Investments for the period from 6 April 2024 to 5 April 2025** |Graham Macro Ucits H Platform
13/11/2024
Bought
05/04/2025
C/fwd
Morgan Stanley Emg Mkts DT Opps Jh
GBP Acc
06/04/2024
B/fwd
05/04/2025
C/fwd
Equinix Inc Com USD0.001
06/04/2024
B/fwd
05/04/2025
C/fwd
HarbourVest G1 PE Ord
06/04/2024
B/fwd
05/04/2025
C/fwd
HCA Healthcare Inc Com USD0.01
06/04/2024
B/fwd
05/04/2025
C/fwd
Intuitive Surgical Com USD0.001
06/04/2024
B/fwd
05/04/2025
C/fwd
JP Morgan Chase & Com USD1
06/04/2024
B/fwd
28/01/2025
Sold
05/04/2025
C/fwd
Legal & General L&G Ise Cyber Sec
06/04/2024
B/fwd
25/02/2025
Sold
05/04/2025
C/fwd
Lululemon Athletic Com USD0.005
06/04/2024
B/fwd
05/04/2025
C/fwd
Melrose Industries Ord GBP0.22857142
06/04/2024
B/fwd
04/09/2024
Sold
05/04/2025
C/fwd|**Units**
**Cost**
**Opening Balances**|**Units**
**Cost**
**Acquisitions**|**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Disposals**|**Units**
**Cost**
**Closing**|**Market**
**Value**| |---|---|---|---|---|---| ||416
49,635.75
416
49,635.75
52,247
2,700
27,567.00
2,700
27,567.00
32,967
32
9,741.00
32
9,741.00
18,948
1,318
19,969.71
1,318
19,969.71
30,874
120
1,907.72
120
1,907.72
30,756
63
14,536.36
63
14,536.36
21,986
200
5,689.71
50
10,634.75
1,422.43
9,212.32
150
4,267.28
24,376
1,150
19,610.41
1,150
27,537.60
19,610.41
7,927.19
0
0.00
0
48
14,257.53
48
14,257.53
9,782
3,135
7,947.65
3,135
14,774.37
7,947.65
6,826.72
0
0.00
0||||| ## **THE MARY ALICE HARRIS CHARITABLE TRUST** ## **Schedule of Investments for the period from 6 April 2024 to 5 April 2025** |M&G Japan Sterling Pp Acc
06/04/2024
B/fwd
30/04/2024
Equalisation
30/04/2024
Acc div
31/10/2024
Acc div
05/04/2025
C/fwd
Marvell Technology USD0.002
04/09/2024
Bought
05/04/2025
C/fwd
Microsoft Corp Com USD0.00000625
06/04/2024
B/fwd
05/04/2025
C/fwd
Moet Hennessy EUR1.30
06/04/2024
B/fwd
05/04/2025
C/fwd
Netflix Inc Com USD0.002
04/09/2024
Bought
05/04/2025
C/fwd
Nike Inc Class B Com
06/04/2024
B/fwd
15/08/2024
Bought
04/09/2024
Sold
05/04/2025
C/fwd
Novo Nordisk A/S Ser b DKK0.1
04/09/2024
Bought
05/04/2025
C/fwd
Palo Alto Networks Com USD0.0001
06/04/2024
B/fwd
16/12/2024
Stock split
28/01/2025
Sold
05/04/2025
C/fwd
Pimco Gbl Inv Grade Credit H
06/04/2024
B/fwd
25/10/2024
Sold
05/04/2025
C/fwd|**Units**
**Cost**
**Opening Balances**|**Units**
**Cost**
**Acquisitions**|**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Disposals**|**Units**
**Cost**
**Closing**|**Market**
**Value**| |---|---|---|---|---|---| ||8,750
13,212.50
-
(62.25)
-
25.03
-
118.81
8,750
13,294.09
13,354
288
15,626.00
288
15,626.00
11,002
93
14,911.00
93
14,911.00
25,862
19
10,040.53
19
10,040.53
8,551
38
19,755.20
38
19,755.20
25,134
186
14,798.00
214
13,724.40
400
24,409.48
28,522.40
(4,112.92)
0
0.00
0
187
19,126.35
187
19,126.35
9,194
112
5,178.04
112
0.00
54
8,468.38
1,248.28
7,220.10
170
3,929.76
20,176
2,767
31,045.74
2,767
32,346.23
31,045.74
1,300.49
0
0.00
0||||| ## **THE MARY ALICE HARRIS CHARITABLE TRUST Schedule of Investments for the period from 6 April 2024 to 5 April 2025** |Primary Health Prop Ord GBP0.125
06/04/2024
B/fwd
10/12/2024
Sold
05/04/2025
C/fwd
RTX Corporation Com USD1.00
06/04/2024
B/fwd
05/04/2025
C/fwd
05/04/2025
C/fwd
Servicenow Inc Com USD0.001
26/02/2025
Bought
05/04/2025
C/fwd
Thermo Fisher Science Com USD1
06/04/2024
B/fwd
05/04/2025
C/fwd
UK Gov 0.125% Wnr 30/01/2026
06/04/2024
B/fwd
05/04/2025
C/fwd
Universal Music GR EUR10.00
06/04/2024
B/fwd
05/04/2025
C/fwd
Visa Inc Com Stik USD0.0001
06/04/2024
B/fwd
05/04/2025
C/fwd
Walt Disney Co Com USD0.01
06/04/2024
B/fwd
04/09/2024
Sold
05/04/2025
C/fwd
Totals|**Units**
**Cost**
**Opening Balances**|**Units**
**Cost**
**Acquisitions**|**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Disposals**|**Units**
**Cost**
**Closing**|**Market**
**Value**| |---|---|---|---|---|---| ||14,286
20,957.13
14,286
13,278.35
20,957.13
(7,678.78)
0
0.00
0
180
14,866.00
180
14,866.00
16,338
39
28,655.62
39
28,655.62
21,750
37
7,848.66
37
7,848.66
12,522
£13,000
12,062.05
£13,000
12,062.05
12,663
638
14,690.99
638
14,690.99
12,780
100
8,905.11
100
8,905.11
24,199
275
22,949.00
275
18,811.75
22,949.00
(4,137.25)
0
0.00
0
_________
_________
_________
_______
_______
_______
_______
413,133.48
220,292.72
210,642.75
179,474.35
31,168.40
453,951.85
613,608
_________
_________
_________
_______
_______
_______
_______||||| ## THE MARY ALICE HARRIS CHARITABLE TRUST ## Trustees Annual Report Year ended 5 April 2025 ## Objectives The Trustees shall hold the capital and the income of the trust fund upon Trust to pay or apply the income, and (if and when the trustees in their discretion think fit) all or any part of parts of the capital to or for such exclusively charitable objects or purposes in any part of the world as the Trustees may in their discretion think fit. ## Legal Status The charity is an unicorporated trust registered with the Charity Commission under Number 1124756 ## Organisation The Trust is controlled by the five trustees ## Financial Controls During the financial year the trustees gave discretion to the investment managers to undertake all decisions concerning the investment portfolio for the advancement of the Trust's investment objectives. ## Investment Objectives It is intended that the capital value of the portfolio is managed with the long term aim of providing a balance between income and capital growth in a diversified portfolio of equities, fixed income stocks and cash. The Trust is a registered charity and thus exempt from capital gains tax. Therefore, the investment objectives of the Trust are not restricted by capital gains limitations. ## Investment Criteria In order to achieve these objectives, the trustees have appointed Rathbones to manage the portfolio on a discretionary basis in medium risk assets comprising equities and fixed income stocks. There are no limitations or restrictions on investment and the trustees intend to keep this under review with its advisers. ## Review The trustees will review the investment objectives and criteria of the Trust in conjunction with the advisers on at least an annual basis. **----- Start of picture text -----**
Signed on behp e trustees : - .
{]
NideLHafris Valerie Harris
**----- End of picture text -----**