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||Page|
|---|---|
|Legalandadministrativeinformation||
|Trustees'report|2-4|
|Independentexaminer'sreport||
|Statementoffinancialactivities|6|
|Statementoffinancialposition|7|
|Notestothefinancialstatements|8-13|
|Scheduleofinvestmentsandincome|14-19|
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|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|
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|||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|
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|||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|
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|||`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|
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|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|
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||2022|2021|
|---|---|---|
||£|£|
|Profit/(loss)onrevaluationofinvestments|(35,118)|622,256|
|Gainorlossonsaleofinvestments|AR7R..S|-|
||u-1,041|bZZ,Zoo|
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||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|
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|11|Debtors|||
|---|---|---|---|
|||2022|2021|
||Amountsfallingduewithinoneyear:|£|£|
||Investmentincomedue|10|-|
|12|Creditors:amountsfallingduewithinoneyear|||
|||2022|2021|
|||£|£|
||Accrualsanddeferredincome|8,668|11,228|
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|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|
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||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|
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|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|
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||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|
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|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||
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|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||
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||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|