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
sOrr￿rfI￿d House
59 L￿don Rood
Maidstone
Kenl
K4E16 WH
57TrHS0159.1

THE HENRY STARNES CHARITABLE SE￿LEmENT
LEGAL AND ADmINISTRA￿vE INFORMATION
Settk•r
Peter Henry Slames
Trustsos
Peter Henry Stsm85
Anthorby &mon Palmer
Bra¢h¥s Trust Corporati￿1 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'ACCC￿ntln0 *)d Re￿r11n9 by Charth"es" {FRS 1021 in prepanru the annual report and fina￿181
$ts18mènts ol the r*8rlty.
Tho financlal slatements have been prepared in accordan￿ wAth the accountirvJ polic4es sel out in the
notes to the accounts and cOm￿Y with th• Chari￿s gov8miThJ document. the Ch8Tibes Act 2011 BrKI
Accounting and Raporting by Chanliès: Ststom•nt of Recommended PraCtir￿ applicablè to ¢haritiés
prep8ring their accounts in a¢¢or¢JarK& 7Mth th9 Financial RepxtiThJ Stsnd8rd applk8t48 In the UK and
Republic ol li•land pubh"$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$. In partkular to charities that deal with the hgallh
and care of animals. Tho Oic6os adopted in 1urthgrnr￿a of these objecas are in making donatv)n$ 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 gu￿anCe on public benefit when reviwng the trnsfs aim8 and ob￿￿.¥85 and In plannlro fu￿re
ac￿￿tieS 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 aM￿nted 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)8tr*gen Ihe 19 charities it $4ypc¥ts in r8sp8¢1 of th& y•ar
ondgd 28 Fgbruary 202112020.. £18.C(X)l. A8 at 28 FebNary 2021, a total of £19.Wl unpald.
Aftèr accountlng for other costs, whlth arrrfwnted to £10,9J3 for th• y8ar {2020.' £14.552} and portfdio
management fees of £14,29012020.. £13,950), the fund hdt1 a n&t income of £29,955 before inveytmenl
portfolio gains and1058es. Realised gain5 unr￿lIs•d losses on Ihe investrnent FnrtfrAio of £179.554
and {£2,6931 r85peth"v$ty, rr*ant 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 pro￿de dOna￿.￿S to approved applicatic￿s. 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
rol1ry￿n9 months, in¢luding 4ny unfor•s••n Lynt char￿a￿e ap￿Ications.
D88ignat8d funds At 28 February 2021 totsl £1.7SO,49212020.. £1.$66.S231- s•0 not• 10 lor detalls.
In¥••bn•nl Wlcy
The trust￿3 hgw wldg pom of Snv•8tmant in accordanca wllh Iho gov8mlng Ir￿trum8nt (thè d)arttat40
trust daad) and thè pmisions of the Charitles Acts. In Conjunth￿ wth the chartty$ Invostmenl advlsm.
th8 tru8t885 approach the Investrnent of fvnds In 8 ¢aUtI￿J3 manr￿r with the Intend￿ of rnaint¥lnlng thg
real value ol the capltal ol the lund whgr8 pJs8lble. thu¥ produong g r081isti¢ i1￿me 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 d￿ri￿$ funds ¥nd owrafjons.
They believe they have taken adequale $ty to mlts"yat¥ tho oxt¥nl of any advwsg impa¢t gnd have
reason lo beligve that ¢ommitted grwl furvjiry obiig¥b"ons at 28 February 2021 ￿11 not be fulfilled.
Golng conc•m
Tha Trustees have rKS r•ason to believe that the charity wll be una￿e to conlinue operatT'r¥J a5 a golng
concem (able to pay its debts and granl commthnents as they fall duel for a perKyJ of at1ga$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 estrtylsl￿d 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 ¥C￿nI 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 a￿￿Y
thosa assets In accordance wtth the trust de￿. Brach8fS Tnjst C￿tIOn Lirnited w85 apwnled Iwstse.
with Chrf8topher E￿￿￿)n-L￿o tsklng an 4cllv¢ rob as asslgned trus￿0 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$t d*1 prO￿deS
for 8 maxlmum offlve tru¥to&$.
Approvad by the trustees and Signed on I￿1r 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: 

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. 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. 

........................................... 

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 SE￿LEMENT
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 & donat￿n8
Dfvldends & Intorost
45.000
29.148
20,OC#J
36.658
Totsl Incom•
74,148
56,658
Expendttur• on
Charatable a¢fj￿I1es
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•
lnv9s1n￿nty
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 Klngth*m IN. 11302641. The add￿$ of the registe￿ officè Is Som*rf￿a1d 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 R*porting 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 Char*lles Aca 2011 and UK Gen8ralty Attepted Pra¢i¢•. The charity
onslrtutes a public ber￿fil entity as defined by Ihe SORP.
The charity has opigd not lo prgparo a ￿$h lknv 8lat8m8nt for the flnancsal perioj, as pèml1tt￿ by
the 2019 Slatonwnl of R8comrMryl8d Prxtica.
Th• finanaal statorn￿ts have boon y8pBrod to 8 In* and falr 8nd tsv• daparted from
Charitses (Accounts and Report31 R8gul8ticn$ 2008 onty io Iho gXt8nt ffjquired io provKle a 'tru8
and fair vlew. Thls tjepartufy h88 Snvdv*J following tha Ac0￿ntin9 and Rewting by Chyrill88'.
stalèmenl of R￿0Mmandad Prnctu applicats￿ to charities prepariThJ [h￿r 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 stsle1r￿￿ts we Sot
out ￿lOw. TW polldg¥ havo conslstsnly applied to all yeaTr unlo88 0th8rwi88
8taleil.
1,2 In¢om• r•¢ognltlon
Donation$, 1gga¢i08 and 0th8r fomis of voluntary incom8 aT• r8coJnlstd a8 ir£otN when re￿i¥8b1&.
except insolar as they ar8 Inc4Mbl& ol finarKlal measurement.
Incom9 from in￿strnents Is Twls•d r8ceNabl•.
1.3 Exp•ndltur• r•cognltlon
All expenditure is account￿ for on an actfuals bgsis and h9$ b8en ¢￿SsI￿8d under headiThJ$ that
gr8gat8 311 costs rglatad to thè caiagory.
GTanl exp8nditure is recognised when awarrknj to the rBC1t￿enl. The expense is I￿uded on an
accwals ba￿5 in the year in whith o legal ot4i9otion to pay the grant arises.
Costs of raislng funds ore those knveStm￿tt rwHgemenl fees for tjoth inccthe ￿￿￿all0￿ and
capital malntenarth.
Charitsble ￿ti￿tieS indude oxpwrfiturg osswotgd wtlh thg makirvj of grarts ar￿ donations and
includ¥ both the dirKt ￿$ts and njired costs r8lating to theso actiwtre5, cr an 8￿r￿al$ 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 r￿la￿y.
R¢8lis¢d gains or losses ar1￿￿9 on disposal ar¢ rWn1$￿ in Ihe Statemant of Fin￿claI Acliwtie8
ISOFAI the Pfowts aw woivablo.
1.5 Fund acco￿tIng
The lund$ hgld by thg charlty arg unr¥$trkW funds whkh can bs y￿d In 8wdanco vAth th8
th8ritsblg obj9Gtsvgs al thg disGrgilon of lho tru$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 Cort￿rn
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 I￿￿98M￿nts 8rg contlnu8lly ev81uat8d and are based on historical
xpenence And olher factors. Ineludlng oxpoctah.ons ol frjlurn events that are b81ieved to b8
reaSona￿e underthe CAruJmsiance8.
The truste8s telieve the irnpoct of the CovKI Pandemic has rK)t been s19r￿fi￿nI on tho tharitys
operations at tho Ume of approving Ihgw aCc￿nts. No olherl￿M￿ts or key asSury￿on8
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
Incc*ne 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 sanc￿ory
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
W￿d 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 (coTr￿INUED1
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' f￿8
14.290
13.950
14.2
13.950
oth•r ¢o•ts
ana98menl. administrallon arKI accountarKy I￿8
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 pOrsC￿allY ro￿ved any rem￿er8￿0n
or exp¥ns&s reimbur¥ed durry thg year, In accordance wth ihe trusl deed.
In a{1d￿On, tha charity was charg8d man4om8nt. *JmlnistraUon aTrJ a￿Oun￿ncY by Brachars LLP
an￿unting 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 r￿e1¥￿ wKondilional do￿tionS amcAJrfrpJ to g4s.￿0 from a InJstee.
6 Employ•••
There wore no omployeos the year.
Page 10

THE HENRY STARNES CHARITABLE SE￿LEMENT
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 VC￿5 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• T*lthln om y•ar
2021
2020
Grants payat4e (nots 4)
ol￿r ¢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 Idlo￿n9 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
InVes1￿nI 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