Ch•rfty R•glstratioD No. 1130264 THE HENRY STARNES CHARITABLE SETfLEMENT TRUSTEES. REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2021 Propar•J by.. era¢hers LLP sOrrrfId House 59 Ldon Rood Maidstone Kenl K4E16 WH 57TrHS0159.1
THE HENRY STARNES CHARITABLE SELEmENT LEGAL AND ADmINISTRAvE INFORMATION Settk•r Peter Henry Slames Trustsos Peter Henry Stsm85 Anthorby &mon Palmer Bra¢h¥s Trust Corporati1 Limlted (christcp Eriksson.L•è ropr8sènting) Charlty numb•r prfndP •ddr•s• Sometheld Hous 59 London Rood MaKJston• Kenl ME16 Solbdtorn and ac¢¢)untsnts 8ra¢hers LLP 59 Lcnjon Rood maidstC• Kont ME16 Inv•4tm0nt advl•orn Wglker Crl>s St(Kklxok•rs Umitod Okj Ctrongo HtyJs8 128 Str••t EG4V 4BJ Indep•nd•nt •xamln•r M Wilkes FCA Azets Audit Services Gobe Housè Edipsa Pa Sittingboume Road Maidsione Kent ME14 3EN
THE HENRY STARNES CHARITABLE SETTLEMENT CONTENTS Pag• Trustees. reFQrt Independonl examinerfs rgFX)rt S¢atom•nl of ffinandal a¢O¥th$ B8lance Noto8 to the 8ccounts 7-12
THE HENRY STARNES CHARITABLE SETfLEMENT TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUARY 2021 The Trusiees present their repc¥t and the unaudited statements of the charity for the year ended 28 February 2021. The trustees have adoptèd the pThisions of th8 Ststement of Recomm8nd8d Practice ISORPI'ACCCntln0 )d Rer11n9 by Charth"es" {FRS 1021 in prepanru the annual report and fina181 $ts18mènts ol the r8rlty. Tho financlal slatements have been prepared in accordan wAth the accountirvJ polic4es sel out in the notes to the accounts and cOmY with th• Charis gov8miThJ document. the Ch8Tibes Act 2011 BrKI Accounting and Raporting by Chanliès: Ststom•nt of Recommended PraCtir applicablè to ¢haritiés prep8ring their accounts in a¢¢or¢JarK& 7Mth th9 Financial RepxtiThJ Stsnd8rd applk8t48 In the UK and Republic ol li•land pubh"$hed in Oclobor 2019. Obl•ct• and actMtl•• lor th publ1¢ b•n•fft The ¢h9rity$ objects are to make donations a8 tho truslo&s In Ihdr d18r3th think fft to organisalions r&aarded as charitatde by the18W8 ol England and Wale$. In partkular to charities that deal with the hgallh and care of animals. Tho Oic6os adopted in 1urthgrnra of these objecas are in making donatv)n$ to charib'ey Involvod In Ihls aroQ. Tho trustees cnnfirn that they have relefre(I lo guidw c(mtaln8d in tho Charlty CoftMnlsgl,y general guanCe on public benefit when reviwng the trnsfs aim8 and ob.¥85 and In plannlro fure actieS and in the planning ol lulura donations and grnnts. A¢h•lv•m•nts and p•rform•nc• Th¢ ¢hodty was succ888ful In rnaintaining Bn approprtale level of Invastm9nts to confjnuo to generate Sufficient inve8rnent income to maintain uJrrtnl grant maklrvJ polkle$. R•vl•w olflnanclal posltlon and actfvlthl Tho re8ull$ fci tho ar oro Bet out page 5. Total income lor the year aMnted to £74.14812020'. £56.6581. tlthich an unTestri¢ttid dM¥llon of £45,00012020.. £20,000). During th6 year the trust ccfnmlttod £19.000 1)8trgen Ihe 19 charities it $4ypc¥ts in r8sp8¢1 of th& y•ar ondgd 28 Fgbruary 202112020.. £18.C(X)l. A8 at 28 FebNary 2021, a total of £19.Wl unpald. Aftèr accountlng for other costs, whlth arrrfwnted to £10,9J3 for th• y8ar {2020.' £14.552} and portfdio management fees of £14,29012020.. £13,950), the fund hdt1 a n&t income of £29,955 before inveytmenl portfolio gains and1058es. Realised gain5 unrlIs•d losses on Ihe investrnent FnrtfrAio of £179.554 and {£2,6931 r85peth"v$ty, rrant that unrestrictad funds increased by £206,816 in total during tr year. Page 1
THE HENRY STARNES CHARITABLE SErrLEMENT TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021 RK•rv•g {Indudln9 R•••rvM Pollcyl At 28 February 2021. thè thaws unrestrlcted reserves arrKJunled to £1.849.04312020: £1,642.2271. Tho unrestrlcled fund represents the amcrtjnl 8vai18blo for genernl charitable purF>)ses at the discrotion of tha Iru$toes. The trusl¢¢$' intention 1$ to k¢ep resèrves at16vds SLrffia6nt to continue lo wovide inccffie which will ènable them to prode dOna.S to approved applicatics. having ward to unforeseen volatlllty In Invastsn&nt markol valu8s. TW bal¥0 tha raserves position al 28 Febnjary 2021 was sat15factory. It 1$ the pollcy of tho charftylo ulllmatety malntaln Yr88' re8erve3 IbelrKJ that ekn8nl of tr unrestrfcw revenue reserve whkh Is not funding inveslrnen¢s} of approximately ono yeaes running costs. As al 28 February the fre8 reseryes of Ihe charfty 8mounled to £98,551 12020.. £75.7041. Th• trusle conslder th8 closlng lovel as Sulf[ent lo svpwjrt their anlicipat•d grant rnakirw oxpthlitur& in the rol1ryn9 months, in¢luding 4ny unfor•s••n Lynt charae apIcations. D88ignat8d funds At 28 February 2021 totsl £1.7SO,49212020.. £1.$66.S231- s•0 not• 10 lor detalls. In¥••bn•nl Wlcy The trust3 hgw wldg pom of Snv•8tmant in accordanca wllh Iho gov8mlng Irtrum8nt (thè d)arttat40 trust daad) and thè pmisions of the Charitles Acts. In Conjunth wth the chartty$ Invostmenl advlsm. th8 tru8t885 approach the Investrnent of fvnds In 8 ¢aUtIJ3 manrr with the Intend of rnaint¥lnlng thg real value ol the capltal ol the lund whgr8 pJs8lble. thu¥ produong g r081isti¢ i1me from the capital whith can thgn bo di$tributsd. Wwe approwMt•. t Iru8to88 rMy dislribuia in fvrthwanc¢ ol the obleGts of the charity. Rllk manty•m•nt Tha trustoes have assessed the maicf risks to which the charytylg expoged. and $8ti8fied th81 $yslom$ are in place to mf(igate exposu Its the major risks. The furK1$ Ift$1¢d and tho$& hgld on d8p)srt are 8ublecl lo the ¢omF41an¢e procedure$ of t)th tho ¢hgriV$ invtstmnt #th"sors and Brachers LLP. The Trustees hav8 considered the impact of the CoNid Pandemic dri$ funds ¥nd owrafjons. They believe they have taken adequale $ty to mlts"yat¥ tho oxt¥nl of any advwsg impa¢t gnd have reason lo beligve that ¢ommitted grwl furvjiry obiig¥b"ons at 28 February 2021 11 not be fulfilled. Golng conc•m Tha Trustees have rKS r•ason to believe that the charity wll be unae to conlinue operatT'r¥J a5 a golng concem (able to pay its debts and granl commthnents as they fall duel for a perKyJ of at1ga$t 12 months frorn the date ol approwFWJ these accounts. Page 2
THE HENRY STARNES CHARITABLE SETfLEMENT TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 28 FE8RUARY 2021 Stru¢tur•. gov•rnanc• and managgm•nl The charttabfe sethemenl Ls a registered charity. number 1130264. and was estrtylsld by a chalttable trust deed doted 5 NoveThthr 1996. It was wistsred as a charlty vAth the Charfty Comm1951on on 22 June 2009. Th8r8 ar• cuThenlly three INslee8. The trustees c•r tharitsble donations on the basis of the obl&cts ofthe charTty and takiry into ¥CnI oppoal$ re¢¢i¥ed by the trustees duriry the year. Th& trustees Tr•tho 8eryed durlThJ tho yoar w. Poter Henry Stames Anthony Simon Palm8r Bracher¥ Twst Corporation Limrt8d Tha trustoes includo PTofes8ional8 wllh approprfale 8klNs to propèrfy manage ihe Irusl assets and aY thosa assets In accordance wtth the trust de. Brach8fS Tnjst CtIOn Lirnited w85 apwnled Iwstse. with Chrf8topher E)n-Lo tsklng an 4cllv¢ rob as asslgned trus0 ropresontatfve In hls ¢ap8dty as dlrector ol 8rachw8 Tru$1 CorF[lon Limlknl. Th8 orvJinal settlor has th8 Frfmr IL) appolnl •Jditbnal or ngw Iru¥tg09 durfng hls Iwetime. Aftar Iho ellloe8 death, 8dditkJn•l or tru$tg9$ ar? appolntod by th8 existing InJ51egs. Thtr tru$t d*1 prOdeS for 8 maxlmum offlve tru¥to&$. Approvad by the trustees and Signed on I1r boh8ff: fvfj4/¥ MrA S Palm•r Trustee D81ed'. zÉYLi Page 3
THE HENRY STARNES CHARITABLE SETTLEMENT
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HENRY STARNES CHARITABLE SETTLEMENT
I report to the trustees on my examination of the accounts of the Henry Starnes Charitable Settlement for the year ended 28 February 2021, which are set out on pages 5 to 12.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 'Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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M Wilkes FCA Azets Audit Services Globe House Eclipse Park Sittingbourne Road Maidstone Kent ME14 3EN
Dated: 11 November 2021
Page 4
THE HENRY STARNES CHARITABLE SELEMENT STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 28 FEBRUARY 2021 Y•ar •ndèd 29 F•bruary 2020 28 F•bruary 2021 In¢om• from LegacS8s & donatn8 Dfvldends & Intorost 45.000 29.148 20,OC#J 36.658 Totsl Incom• 74,148 56,658 Expendttur• on Charatable a¢fjI1es Costs of Tal8ing funds Oth•r costs 19.000 14.290 10.903 18.0 13.950 14.552 Tot•1 •xyndlQur• 44.193 46,502 N•t In¢om• 29.955 10.156 Oth•r r•¢ognl••d galn• Ind lo*i•• Net gain3 on investments 176,861 62,533 N•t mov•m•nt In fvnd• 206.816 72.689 Total lund$ broLTrahl foThvard 1.642.227 1,569,538 Tolal fvnds ¢arrl•d forward 1.849.043 1.842.227 Page 5
THE HENRY STARNES CHARITABLE SETfLEIAENT BALANCE SHEET AS A T 28 FEBRUARY 2021 28 F•bruary 2021 29 February 2020 Flx•d a8S•t• lnv9s1nnty 1.750.492 1.566.523 Curr•rt •$••t• Debtors Cosh at bank and in hand 4S.OC 75,864 20,632 77,258 120,864 97,890 Cr•dltorn: lmounts f•lllng due wlthln on• y••r 122,313) 122.186) N•t ¢urr•nt ¥•ts 98.551 75.704 Total s$èts1•88 ¢urr•nt Il•bllltl• 1.849,043 1.642,227 R•pr•8•nl•d by Deslgnaled frJnd8 G8n8ral funds 10 1,79).492 98,551 1.566.523 75.704 Totol unre8lrfded funds 1.849.043 1,642,227 The accounts were aFvoved by TnJsto09 on MT A S Palm•r Tru31ee Page 6
THE HENRY STARNES CHARITABLE 8ETfLEMENT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 29 FE8RUARY2021 1 k¢ounllng polld 1.1 ol pr•parnllan The Henry Stame$ Charitable Setdem8nt Is a charlty reglstered the CF49rfty CommSssion in th• Unlted Klngthm IN. 11302641. The add$ of the registe officè Is Somrfa1d Housa, 59 London Ro, Maidstono, Kent, ME16 8JH. Tha charity conslllutes a public benefft entity 8$ deffin8d by FRS 102. The financial statements have b8en prepared in accord8ncg with Accountirvj 8nd Reporting by Chafiti6s.' Ststement of RecommerKled Practice lCabI& to charities preparirvj their accounts in accordance wllh thtr Fin8nci81 Rporting Stsndard apF4icabte in the UK and Republic of Ireland {FRS1021 rJ3ued In O¢tober 2019, the Financid Reporting Stsndard applicab In Ihe unIt King¢Jom and Rapublic of Ir8land IFRS1021, th8 Charlles Aca 2011 and UK Gen8ralty Attepted Pra¢i¢•. The charity onslrtutes a public berfil entity as defined by Ihe SORP. The charity has opigd not lo prgparo a $h lknv 8lat8m8nt for the flnancsal perioj, as pèml1tt by the 2019 Slatonwnl of R8comrMryl8d Prxtica. Th• finanaal statornts have boon y8pBrod to 8 In and falr 8nd tsv• daparted from Charitses (Accounts and Report31 R8gul8ticn$ 2008 onty io Iho gXt8nt ffjquired io provKle a 'tru8 and fair vlew. Thls tjepartufy h88 SnvdvJ following tha Ac0ntin9 and Rewting by Chyrill88'. stalèmenl of R0Mmandad Prnctu applicats to charities prepariThJ [hr accourtts in 8ccrKdance wlth the Financlal Reporung applkat4a In the UK and Republlc of IrelaTr# {FRS 1021 Issuad In October 2019. The financAal statements are prepared on • goiw nc•M bas1$ undgr tha hlstorlc41 cost conventlon, modified to include ¢ortain iiwns •1 lalr volu8. Th* financl81 slatemonis are presentod In stèrtlng whlch is Ihe fun¢tlong1 currgncy of thg charity and rouTrJ8d to the neaTe$t £. Tho 8lgnlfic8nt •xountWl9 poli¢l8$ appli•J kn thg Fwaraoon of these flnanclBI stsle1rts we Sot out lOw. TW polldg¥ havo conslstsnly applied to all yeaTr unlo88 0th8rwi88 8taleil. 1,2 In¢om• r•¢ognltlon Donation$, 1gga¢i08 and 0th8r fomis of voluntary incom8 aT• r8coJnlstd a8 ir£otN when rei¥8b1&. except insolar as they ar8 Inc4Mbl& ol finarKlal measurement. Incom9 from instrnents Is Twls•d r8ceNabl•. 1.3 Exp•ndltur• r•cognltlon All expenditure is account for on an actfuals bgsis and h9$ b8en ¢SsI8d under headiThJ$ that gr8gat8 311 costs rglatad to thè caiagory. GTanl exp8nditure is recognised when awarrknj to the rBC1tenl. The expense is Iuded on an accwals ba5 in the year in whith o legal ot4i9otion to pay the grant arises. Costs of raislng funds ore those knveStmtt rwHgemenl fees for tjoth inccthe all0 and capital malntenarth. Charitsble titieS indude oxpwrfiturg osswotgd wtlh thg makirvj of grarts ar donations and includ¥ both the dirKt $ts and njired costs r8lating to theso actiwtre5, cr an 8ral$ basis. Page 7
THE HENRY STARNES CHARITABLE SETfLEMENT NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUAR Y 2021 1.3 Expendlture recognldon Icontlnuedl Irr9o)v8rab19 VAT 1$ Charged agalnst th9 catggcry of rnsuJrc8 eXP8nded for whb it was incLmd. 1.4 In¥¢9n Investrngnts roctrJnis¥d at lalr value whkh ts nmlly thg lranwb.cffl prlce excludlng transacdon costs. Subsgqugnlly thgy arg measurgd al fair value wth changes r8cognls•J In'not galnslV05s8s) on Investmonts, In the SOFA If shares aro publlc ally trad•J of Iheir fair value can otherwise be measur•J rlay. R¢8lis¢d gains or losses ar19 on disposal ar¢ rWn1$ in Ihe Statemant of FinclaI Acliwtie8 ISOFAI the Pfowts aw woivablo. 1.5 Fund accotIng The lund$ hgld by thg charlty arg unr¥$trkW funds whkh can bs yd In 8wdanco vAth th8 th8ritsblg obj9Gtsvgs al thg disGrgilon of lho tru$lo0S. Doslgnat8d ILmds cofflprtso ILwth whKh have twl 80t 88Kle at the dl8cr8t6on of the tru8180 for 8p6clfic purp0889. The wrFthe8 and of de8lwaled luTrJ8 sel out In nole8 to tho flnan¢l818tslements. 1.6 D•btor• •nd Gr•dbtor• r•c•l¥ablthlpayabl• wlthln on• y DebtOTS and uedrtors no Stat Interest fate and r8ceivablg or payablo within ¢)ng y98r arè r¢cor¥Jed 8t Ir8nsg¢tion pri¢e. Any I¢>$ •tisirs from wrpwmwil r8cognis•d in •xpandituro. 1.7 Taxthllon The chadty18 an exempt charlty wlthln tho meanlng of 3 of th• Chadtio$ A¢1 2011 and lg con81dèred lo pa$$ tssts set oul kn Paragraph 1 Schodule 6 Fknanc Act 2010. 1.8 Golng Cortrn The financSal statements ha prapar8d on a g)Ing conc8m basls as th8 twslees believ8 Ihat no rnatorial unc8rtainUes exist. Th8 tNst88s have consmlered the levèl of fvnd$ held and th expected level of Income and exwditlbre fc 12 months from aulhorfslng these financial stslements. They belleve the anuclpated eypendlttjre ¥AII be adequately fvnd 9ivon Ihe ¢xi$ting levol of re¢$ for th¢ ¢harty to bo al¢ to ntinU¢ 3$ a wing con¢wn. 1.9 Judg•m•nts and k•y sourc•* ot •stlmatlon une•rtalnty A¢countlng e$tlm8ies 8nd I98Mnts 8rg contlnu8lly ev81uat8d and are based on historical xpenence And olher factors. Ineludlng oxpoctah.ons ol frjlurn events that are b81ieved to b8 reaSonae underthe CAruJmsiance8. The truste8s telieve the irnpoct of the CovKI Pandemic has rK)t been s19rfinI on tho tharitys operations at tho Ume of approving Ihgw aCcnts. No olherlMts or key asSuryon8 w•r• mad• in lh• pr8paratKJn crf thése aceounls. Pag8 8
THE HENRY STARNES CHARITABLE SETfLEMENT NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FE8RUAR Y 2021 2 Loga¢l•s and d¢nallon• 2021 2D20 Unrestheled funds.. Donatlon$ 45.QXI 20,000 3 Dlvld•nds and Int•rnst 2020 Inccne from listed invesiments Inl$resl re¢eivablo 29.111 37 36,214 444 29.148 36,658 4 Exp•ndbturn 2021 2020 Charltsble •ctlvhl•• Grants lo In8JluUon8'. Blue Cross Gr88npeoce Charftable Tw81 Hearlng Dogs for the Oeaf Kent Wildlife Trust Le8gu8 Agaln8t Cruel Sports PACT Animal sancory PDSA RSP8 RSPCA Royal VetorSnary Cc418g• AnlffAI Caro Trust SPANA Isocloty for the proioc¢lon of 8rMm abroad) Sight Savers Intern8ticfflal Tho Brooke Hospiial Anlmals The Dogg, Trust Wd SocN?ty for th• Pro ofAnimals WWF.UK CamVg1 Dogs for Good PETA Foundatitin 1,000 1,000 1.000 1.000 1,OCK) 1,0 1,OC¥) 1,000 1,000 1,000 1.000 1,000 1,000 1,000 1.000 1.000 1,000 1.000 1,000 1,000 1,000 1.000 1.000 1.1)00 1.000 1.CK)O 1.Crf)O 1.0 1.CK)O 1.CK)O 1.0( 1.0 19,0 18,000 Page 9
THE HENRY STARNES CHARrrABLE SETfLEMENT NOTES TO THE ACCOUNTS (coTrINUED1 FOR THE YEAR ENDED 28 FE8RUARY 2021 4 Exp¢nditur• leontinuèdl 2021 2020 R•conclllatlon of grant• payabl• Commitmènts unpaSd at 1 March 2020 Commitmènts made In Ihe year (above) Graftts pald durlng th¢ y¢8r 18.rJ)o 19.rjjo {18.rMJoi 11NJ.01)O 16,000 11TrJ,l)00) Commrtments unpaKI at 28 Febnwry 2021 {Nots 91 19.LKJO 18,000 Co•t• of ral•lnq fund& Investm8nt mana9ers' f8 14.290 13.950 14.2 13.950 oth•r ¢o•ts ana98menl. administrallon arKI accountarKy I8 Independent examination.. Independent examination foes Oth•r sorvic88 . accounta Irr8cov8rable withholdiThJ lax 11.778 2.240 2.1 74 174 10.903 14,552 5 Tru¥ttt¥ and rnl•t•d p•rtytrnn8actlon8 Nono 01 tho tru$¢•e$ Inor any pers$ ¢onnoct8d wth thoml pOrsCallY roved any remer80n or exp¥ns&s reimbur¥ed durry thg year, In accordance wth ihe trusl deed. In a{1dOn, tha charity was charg8d man4om8nt. *JmlnistraUon aTrJ aOunncY by Brachars LLP anunting to £8.589. Ouring the year an asyociated LJndertakin9 of Br8ch•rs LLP, 8rachers Tnjst Corporation Limited, was appointed a twsteg ol the thwity. F09$ ar8 charyad al commercial ratos by Brachers. Durtng thè y8ar th• charity re1¥ wKondilional dotionS amcAJrfrpJ to g4s.0 from a InJstee. 6 Employ••• There wore no omployeos the year. Page 10
THE HENRY STARNES CHARITABLE SELEMENT NOTES TO THE ACCOUNTS {CONTINUEO) FOR THE YEAR ENDED 28 FEBRUARY 2021 7 Fu•d as8•t Inv•8tm•nts 2021 2020 Llsted Inve8trnents: Market value at 1 March 2020 Additions at cost Disposal proce6ds Raalised losses on disF4)sal8 Unreallsed galrtslllo$8•s1 on r•valualic 1,532.716 178.217 1291.4931 1.442,251 65.969 158.037> 179.554 {2.693) {13.264> 75,797 176.861 62,533 1,596,301 154.191 1,532.716 33.807 Cash Mark•t ¥•lu• at 28 P•bruary 2021 1,750.492 1,566,523 Hlslorb¢o10)sl of Invesln*nis 1,C65.800 999,022 Tha portfolio w88 comwosed as follo.. Equitles Fixed Interest Seturltles Allematlve As88ts Cash 1.058.897 226.490 310,914 154.191 1.154.101 229.771 148.844 33.807 1.750.492 1,566,S23 Investments reprosentirw n¥Jre than 5% olttp lotsl mathet vduo of th• listsd invasm8nts pNNolio ware as fdlows: European Opporluntt&s Trust PIC Ord G800.01 Link Fund Sdullon8 Ltd Ruffor Totsl Retum C Dls Fidelity Europ Trust PIC Ord GBPO.025 Isharos 11 Ac- GBP Idx4inked Gilts UCITS ETF G8P Disl ish8$ CO S&P 5(K) UCITS ETF USD (Dlstl ishares Core FTSE1frJ VC5 EfF GBP Dis 126,999 108.452 108.182 93.750 .459 81.120 Page11
THE HENRY STARNES CHARITABLE SETfLEMENT NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021 B D¢blors 2021 2020 Olher debtors 45.0(M) 20.632 45,000 20,632 g Cr•dltor•: rrnunts lalllng du• Tlthln om y•ar 2021 2020 Grants payat4e (nots 4) olr ¢reditor8 19,C 3,313 18,000 4.186 22,313 22,186 10 D••lgnat•d lufid Th8 income funds of th• charty include th8 Idlon9 d•gWttyJ frJrth whlth have been Set 88ld6 out of unr8slrfct8d lund8 by tho tru$ts&$ fty $IfiC Pu$0$.. 1 Il•r¢h N•w 2020 dMlgn•tlon• D••lgn•tlon• r•l••8•d 28 F•bruary 2021 Inveylment fijnd 1,566,523 475.462 1291,4931 1,750,492 1 March N•w D••lgnallon• 2019 d••l9natlons rnl•aud 29 F•bruary 2020 InVes1nI fund 1,485.835 148.492 167.8041 1,566,523 Investhient lund- Ihose funds are invested to maxirri8e totsl relum aThJ generate inc4Th. Page 12