| Page | |
|---|---|
| Legalandadministrativeinformation | |
| Trustees'report | 2-4 |
| Independentexaminer'sreport | |
| Statementoffinancialactivities | 6 |
| Statementoffinancialposition | 7 |
| Notestothefinancialstatements | 8-13 |
| Scheduleofinvestmentsandincome | 14-19 |
| Trustees | MrDavidWilliamEdmundSterry |
|---|---|
| MrsWendyAnnSterry | |
| MrJamesWilliamSterry | |
| MrsNicolaKateClatworthy | |
| Charitynumber | 1143953 |
| Principaladdress | 8FinsburyCircus |
| London | |
| EC2M7AZ | |
| Independentexaminer | MrJamesHurrell |
| RathbonesTrustCompanyLimited | |
| 8FinsburyCircus | |
| London | |
| EC2M7AZ | |
| Accountants | RathbonesTrustCompanyLimited |
| 8FinsburyCircus | |
| London | |
| EC2M7AZ | |
| Investmentmanager | RathbonesInvestmentManagementLimited |
| 8FinsburyCircus | |
| London | |
| EC2M7AZ |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Income | |||
| Investments | 3 | 72,371 | 75,957 |
| Expenditure | |||
| Raisingfunds | 4 | 19,084 | 21,994 |
| Charitableactivities | 5 | 98,572 | 98,000 |
| Totalresourcesexpended | 117,656 | 119,994 | |
| Netgains/(losses)oninvestments | 9 | 61,647 | 622,256 |
| Netmovementinfunds | 16,362 | 578,219 | |
| Fundbalancesat6April2021 | 3,923,524 | 3,345,305 | |
| Fundbalancesat5April2022 | 3,939,886 | 3,923,524 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixedassets | |||||
| Investments | 10 | 3,866,016 | 3,856,019 | ||
| Currentassets | |||||
| Debtors | 11 | 10 | - | ||
| Cashatbankandinhand | 82,528 | 78,733 | |||
| 82,538 | 78,733 | ||||
| Creditors:amountsfallingduewithin | |||||
| oneyear | 12 | (8,668) | (11,228) | ||
| Netcurrentassets | 73,870 | 67,505 | |||
| Totalassetslesscurrentliabilities | 3,939,886 | 3,923,524 | |||
| Incomefunds | |||||
| Unrestrictedfunds | 3,939,886 | 3,923,524 | |||
| 3,939,886 | 3,923,524 |
2022 |
2021 |
||
|---|---|---|---|
£ |
£ |
||
| Incomefromlistedinvestments | 52,720 | 58,661 | |
| Foreignincome | 19,532 | 18,343 | |
| Accruedinterest | - | (1,047) | |
| Bankinterest | 119 | - | |
| 72,371 | 75,957 | ||
| 4 | Raisingfunds | ||
2022 |
2021 |
||
£ |
£ |
||
| Investmentmanagementfees | 19,084 | 21,994 | |
| 5 | Charitableactivities | ||
2022 |
2021 |
||
£ |
£ |
||
| Grants(seenote14) | 93,600 | 94,400 | |
| Shareofgovernancecosts(seenote6) | 4,972 | 3,600 | |
| 98,572 | 98,000 |
| Governancecosts | ||||
|---|---|---|---|---|
| SupportcostsGovernancecosts | 2022 | 2021 | ||
| £ | £ | £ | £ | |
| Bankcharges | 17 | 17 | - | |
| Accountancy | - | 3,480 | 3,480 | 2,160 |
| Independentexaminer'sfees | - | 1,475 | 1,475 | 1,440 |
| 4,972 | 4,972 | 3,600 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Profit/(loss)onrevaluationofinvestments | (35,118) | 622,256 |
| Gainorlossonsaleofinvestments | AR7R..S | - |
| u-1,041 | bZZ,Zoo |
| Listed | Cashin | Total | |
|---|---|---|---|
| investments | portfolio | ||
| £ | £ | £ | |
| Costorvaluation | |||
| At6April2021 | 3,713,543 | 142,476 | 3,856,019 |
| Additions | 956,416 | - | 956,416 |
| Valuationchanges | 31,002 | 251,543 | 282,545 |
| Realisedprofit | 27,080 | - | 27,080 |
| Disposals | (1,256,045) | - | (1,256,045) |
| At5April2022 | 3,4/1,995 | i94,U19 | 3,tfbU,U1b |
| Carryingamount | |||
| At05April2022 | 3,471,996 | 394,019 | 3,866,015 |
| At05April2021 | 3,713,543 | 142,476 | 3,856,019 |
| Investmentsrepresentingmorethan5%ofthe | portfoliostotalmark | etvalue(excludingc | ash): |
|---|---|---|---|
| Investment | Units | MarketValue %of |
TotalMarket |
| £ | Value | ||
| BailleGiffordStrategicBondBInc | 215,000 | 190,715 |
5.22% |
| CTInvestmentFundsSterlingCorpBond | 190,000 | 189,468 |
5.46% |
| HICLInfrastructureLtd10pOrdShares | 104,000 | 187,200 |
5.39% |
| JlenEnvironmentalAssetsGroupLtd | 160,000 | 177,600 |
5.12% |
| JPMorganAmericanInvTrust | 24,320 | 187,750 |
5.41% |
| LinkFundSolutionsLtd | 50,000 | 192,480 |
5.54% |
| PersonalAssetsTrust | 400 | 202,000 |
5.82% |
| PolarCapitalTechnologyTrust | 8,000 | 180,800 |
5.21% |
| ScottishMortgagesInvTrustPLC | 29,500 | 304,440 |
8.77% |
| TBaileyManagersEvenlodeIncome | 79,986 | 195,447 |
5.63% |
| 2022 | 2021 |
||
| £ | £ |
||
| Listedinvestments | 3,471,997 | 3,713,543 |
|
| Cashininvestmentportfolio | 394,019 | 142,476 |
|
| 3,866,016 | 3,856,019 |
||
| 2022 | 2021 |
||
| £ | £ |
||
| Historiccostofinvestments | 3,066,175 | 3,269,037 |
| 11 | Debtors | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Amountsfallingduewithinoneyear: | £ | £ | |
| Investmentincomedue | 10 | - | |
| 12 | Creditors:amountsfallingduewithinoneyear | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Accrualsanddeferredincome | 8,668 | 11,228 |
| Grantspayable | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Grantstoinstitutions: | ||
| AbleKids | 2,000 | 2,000 |
| AlbionintheCommunity | - | 1,500 |
| APEProject | 2,000 | - |
| BirminghamBallet | 3,000 | 3,000 |
| Cecily'sFund | 4,000 | - |
| Centrepoint | - | 2,000 |
| Challengers | 4,000 | 4,000 |
| ChangeFoundation | - | 2,000 |
| ChildrenonTheEdge | 4,000 | 4,000 |
| CityUniversity | 4,000 | 6,000 |
| DisabilityAfrica | - | 2,000 |
| EastAfricaChildrensProject | - | 2,000 |
| EastAfricanPlaygrounds | - | 2,000 |
| EikonCharity | 2,000 | - |
| ExcellentDevelopment | 2,000 | - |
| FelixProject | 2,000 | 4,000 |
| FootstepsInternational | - | 2,000 |
| ForeverAngels | 2,000 | - |
| GetSet4Tennis | 2,000 | 2,000 |
| HandicappedChildren'sActionGroup | 3,000 | - |
| HappyDays | 4,000 | 4,000 |
| HelpToRead | 2,000 | - |
| HoneyPotChildren'sCharity | 2,000 | 2,000 |
| ImpactFoundation | - | 2,000 |
| IslandTrust | - | 3,000 |
| KeenLondon | 3,000 | 2,500 |
| Carriedforward | 47,000 | 52,000 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Broughtforward | 47,000 | 52,000 |
| KidsClubKampala | 2,000 | - |
| KidsOut | 2,000 | - |
| LunchbowlNetwork | - | 2,000 |
| MalaikaKids | 5,000 | 4,000 |
| MweziFoundation | 2,000 | - |
| NewLife | 2,000 | - |
| NorthernBallet | 6,000 | 10,000 |
| OrionHarriers | 3,000 | 2,400 |
| RainbowTrust | 4,000 | 8,000 |
| ShootingStars | - | 2,000 |
| SightforSurrey | 2,000 | |
| SquarePegsArts | 4,000 | 7,000 |
| StarlightChildren'sFoundation | 3,000 | 2,000 |
| SupportforAll | - | 2,000 |
| SnowCamp | 4,000 | - |
| ToolsforSelfReliance | 2,000 | - |
| ZambiaOrphansAidUK | 2,000 | - |
| 90,000 | 91,400 | |
| 2022 | 2021 | |
| £ | £ | |
| Grantstoindividuals: | ||
| EthanO'Shea | 1,200 | 1,200 |
| KGrant | 1,200 | 600 |
| CEAlexander | 1,200 | 1,200 |
| 3,600 | 3,000 | |
| 93,600 | 94,400 |
| Holding | MarketValue | Additions | Disposals | Disposals | Profit | Unrealised | Holding | Holding | MarketValueGrossIncome | MarketValueGrossIncome | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | April2021 | 6April2021 | Quantity | Cost | Quantity | Proceeds | (Loss) | Profit | 5April | 2022 | 5April2022 | |
| £ | £ | £ | £ | £ | £ | £ | ||||||
| 3iInfrastructure | ||||||||||||
| OrdinaryNoParValue | ||||||||||||
| 40,000 | 135,792 | 5,608 | 40,000 | 141,400 | ||||||||
| AberdeenStandardFundManagersLtd | ||||||||||||
| GlobalIndexLinkedBondS | InstlIncNay | |||||||||||
| 260,000 | 157,586 | 388 | ||||||||||
| 524 | ||||||||||||
| 696 | ||||||||||||
| 2,886 | 260,000 | 160,472 | 1,013 | |||||||||
| AberdeenStandardFundMgrs | ||||||||||||
| AAAIncomeSInstInc | ||||||||||||
| 300,000 | 157,080 | 300,000 | 155,700 | (1,380) | 610 | |||||||
| 654 | ||||||||||||
| 566 | ||||||||||||
| ArtemisFundManagers | ||||||||||||
| CorporateBondFGBPDis | ||||||||||||
| 190,000 | 205,238 | 190,000 | 206,910 | 1,672 | 1,246 | |||||||
| 1,412 | ||||||||||||
| 1,440 |
| Holding | Market | Value | Additions | Disposals | Disposals | Profit | Unrealised | Holding | Holding | MarketValueGrossIncome | MarketValueGrossIncome | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6April2021 | 6April | 2021 | Quantity | Cost | Quantity | Proceeds | (Loss) | Profit | 5April | 2022 | 5April2022 | |
| £ | £ | £ | £ | £ | £ | £ | ||||||
| BaillieGifford | ||||||||||||
| StrategicBondBIncNay | ||||||||||||
| 215,000 | 197,069 | 430 | ||||||||||
| 430 | ||||||||||||
| 430 | ||||||||||||
| 430 | ||||||||||||
| 430 | ||||||||||||
| 430 | ||||||||||||
| 1,849 | ||||||||||||
| 430 | ||||||||||||
| 430 | ||||||||||||
| 430 | ||||||||||||
| 430 | ||||||||||||
| (15,738) | 215,000 | 181,331 | 430 | |||||||||
| BaillieGifford&Co | ||||||||||||
| PositiveChangeBAcc | ||||||||||||
| 42,300 | 169,200 | (21,954) | 42,300 | 147,246 | ||||||||
| BaillieGiffordJapanTrust | ||||||||||||
| OrdinaryGBP0.05 | ||||||||||||
| 17,000 | 181,220 | 4,500 | 44,775 | (3,195) | 750 | |||||||
| 12,500 | 126,544 | (6,706) | ||||||||||
| CGPortfolioFund | ||||||||||||
| RealReturn'A' | ||||||||||||
| 800 | 171,824 | (4,760) | 800 | 167,064 | ||||||||
| CqsNaturalResGrowth&IncomePic | ||||||||||||
| OrdinaryGBP0.25 | ||||||||||||
| 70,000 | 99,750 | 70,000 | 104,300 | 4,550 | 882 |
| Holding | Holding | MarketValue | Additions | Disposals | Disposals | Profit | Unrealised | Holding | Holding | MarketValueGrossIncome | MarketValueGrossIncome | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | April | 2021 | 6April2021 | Quantity | Cost | Quantity | Proceeds | (Loss) | Profit | 5April | 2022 | 5April2022 | |
| £ | £ | £ | £ | £ | £ | £ | |||||||
| EdinburghInvestmentTrust | |||||||||||||
| Ordinary25p | |||||||||||||
| 22,000 | 132,440 | 1,320 | |||||||||||
| 1,320 | |||||||||||||
| 1,023 | |||||||||||||
| 1,320 | |||||||||||||
| 7,920 | 22,000 | 140,360 | 1,320 | ||||||||||
| EvenlodeInvMgmtLtd | |||||||||||||
| TbEvenlodeIncomeDDis | |||||||||||||
| 79,986 | 182,129 | 1,239 | |||||||||||
| 1,226 | |||||||||||||
| 1,226 | |||||||||||||
| 13,318 | 79,986 | 195,447 | 1,227 | ||||||||||
| FILInvestmentServices(UK)Ltd | |||||||||||||
| FIDStrategicBondNet | |||||||||||||
| 126,000 | 164,808 | 126,000 | 163,674 | (1,134) | 345 | ||||||||
| 316 | |||||||||||||
| 368 | |||||||||||||
| 448 | |||||||||||||
| 400 | |||||||||||||
| 392 | |||||||||||||
| 334 | |||||||||||||
| 257 | |||||||||||||
| FinsburyGrowthTrust | |||||||||||||
| Ordinary25p | |||||||||||||
| 12,160 | 104,333 | 973 | |||||||||||
| (2,311) | 12,160 | 102,022 | 1,107 |
| Holding | Holding | MarketValue | Additions | Disposals | Disposals | Profit | Unrealised | Holding | Holding | MarketValueGrossIncome | MarketValueGrossIncome | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6April | 2021 | 6April2021 | Quantity | Cost | Quantity | Proceeds | (Loss) | Profit | 5April | 2022 | 5April2022 | |
| £ | £ | £ | £ | £ | £ | £ | ||||||
| FirstTrust | ||||||||||||
| CloudComputingUCITSETF | ||||||||||||
| 4,200 | 124,415 | (1,166) | 4,200 | 123,249 | ||||||||
| HiclInfrastructurePlc | ||||||||||||
| OrdinaryGBP0.0001 | ||||||||||||
| 104,000 | 171,600 | 43 | ||||||||||
| 2,110 | ||||||||||||
| 1,093 | ||||||||||||
| 1,050 | ||||||||||||
| 878 | ||||||||||||
| 1,264 | ||||||||||||
| 664 | ||||||||||||
| 15,600 | 104,000 | 187,200 | 1,478 | |||||||||
| (shares | ||||||||||||
| Ftse100Nay | ||||||||||||
| 32,260 | 213,258 | 32,260 | 238,950 | 25,692 | 2,623 | |||||||
| 2,758 | ||||||||||||
| 1,548 | ||||||||||||
| ]shares | ||||||||||||
| FTSEAllStocksGilt | ||||||||||||
| 10,000 | 137,770 | 10,000 | 137,019 | (751) | 560 | |||||||
| 429 | ||||||||||||
| 372 | ||||||||||||
| 378 | ||||||||||||
| [sharesIi | ||||||||||||
| USDTipsUcitsRtfGBPDisHedged | ||||||||||||
| 30,000 | 163,884 | (1,344) | 30,000 | 162,540 |
| Holding | Holding | MarketValue | Additions | Disposals | Disposals | Profit | Unrealised | Holding | Holding | MarketValueGrossIncome | MarketValueGrossIncome | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6April | 2021 | 6April2021 | Quantity | Cost | Quantity | Proceeds | (Loss) | Profit | 5April | 2022 | 5April2022 | |
| £ | £ | £ | £ | £ | £ | £ | ||||||
| JlenEnvironmentalAssetsGroup | Ltd | |||||||||||
| OrdinaryNoParValue | ||||||||||||
| 160,000 | 177,920 | 2,704 | ||||||||||
| 2,720 | ||||||||||||
| 2,720 | ||||||||||||
| (320) | 160,000 | 177,600 | 2,720 | |||||||||
| JPMorganAmericanInvTrustplc | ||||||||||||
| Ordinary5pshares | ||||||||||||
| 24,320 | 147,622 | 1,034 | ||||||||||
| 40,128 | 24,320 | 187,750 | 608 | |||||||||
| LinkFundSolutionsLtd | ||||||||||||
| CfRufferTotalReturnIInc | ||||||||||||
| 50,000 | 184,315 | 568 | ||||||||||
| 8,165 | 50,000 | 192,480 | 1,631 | |||||||||
| LinkFundSolutionsLtd | ||||||||||||
| TrojanXInc | ||||||||||||
| 134,000 | 172,994 | (188) | 134,000 | 172,806 | 10 | |||||||
| PersonalAssetsTr | ||||||||||||
| OrdinaryGBP12.50 | ||||||||||||
| 400 | 181,000 | 560 | ||||||||||
| 560 | ||||||||||||
| 560 | ||||||||||||
| 21,000 | 400 | 202,000 | 560 | |||||||||
| PolarCapitalTechnologyTrust | ||||||||||||
| Ordinary25p | ||||||||||||
| 8,000 | 178,400 | 2,400 | 8,000 | 180,800 |
| Holding | MarketValue | Additions | Disposals | Disposals | Profit | Unrealised | Holding | Holding | MarketValueGrossIncome | MarketValueGrossIncome | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | April2021 | 6April2021 | Quantity | Cost | Quantity | Proceeds | (Loss) | Profit | 5April | 2022 | 5April2022 | |
| £ | £ | £ | £ | £ | £ | £ | ||||||
| ScottishMortgageInvTrust | ||||||||||||
| Ord5p | ||||||||||||
| 35,500 | 413,220 | 3,000 | 37,867 | 2,947 | 640 | |||||||
| 3,000 | 40,305 | 5,385 | (38,940) | 29,500 | 304,440 | 494 | ||||||
| SSGASPDRETFSEurope | Iplc | |||||||||||
| S&O500ETF(GBP) | ||||||||||||
| 450 | 142,722 | 13,599 | 450 | 156,321 | 423 | |||||||
| ThreadneedleInvestmentSvcsLtd | ||||||||||||
| UKCorporateBdLGBPNetInc | ||||||||||||
| 190,000 | 202,369 | 935 | ||||||||||
| 888 | ||||||||||||
| 872 | ||||||||||||
| (12,901) | 190,000 | 189,468 | 879 | |||||||||
| TOTAL: | 3,713,542 | 956,416 | 1,256,044 | 27,080 | 31,002 | 3,471,996 | 72,255 |