## **THE RALF TRUST** 

## **ANNUAL REPORT YEAR ENDED 5 APRIL 2022** 

## **CHARITY INFORMATION** 

## **TRUSTEES:** 

Killik & Co Trustee Limited 

46 Grosvenor Street Mayfair London W1K 3HN 

Mark Ralf 

Appleby Seaward Drive West Wittering West Sussex PO20 8AB 

Clare Ralf 

Appleby Seaward Drive West Wittering West Sussex PO20 8AB 



OFFICES: Killik & Co Trustees Limited Crown House Crown Street Ipswich Suffolk IP1 3HS INVESTMENT MANAGERS: Killik & Co Stockbrokers 46 Grosvenor Street Mayfair London W1K 3HN BANKERS: Metro Bank One Southampton Row London WC1B 5HA INDEPENDENT EXAMINER Killik & Co Crown House Crown Street Ipswich Suffolk IP1 3HS REGISTERED CHARITY NUMBER 1121090 



**THE RALF TRUST** 

## **TRUSTEE’S REPORT YEAR ENDED 5 APRIL 2022** 

## **CONSTITUITION AND OBJECTIVES OF THE TRUST** 

The Ralf Trust is registered with the Charity Commission for England and Wales and constituted by Deed of Trust dated 11 August 2011. Under its terms the Trust is to advance the Christian Religion and education and relieve persons suffering hardship and distress or who are aged or sick or to benefit the community at large. 

## **FURTHERANCE OF THE OBJECTIVES OF THE TRUST** 

The Trustees are pleased to report that during the year they have donated £72,162 in accordance with the Charity’s objectives as above. 

## **STATEMENT OF THE TRUSTEES’ RESPONISIBILITIES** 

The Charities Act 1992 and 1993 require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing these financial statements the Trustees are required to: 

- Select suitable accounting policies and then apply them consistently. 

- Make judgements and estimates that are reasonable and prudent. 

- Prepare the financial statements on the going concern basis unless it is inappropriate to do so. 

- Act in accordance with the Charity’s constitution and rules. 

The Trustees are responsible under Trust Law to ensure the propriety of transactions and for keeping adequate accounting records to enable them to ensure that the financial statements comply with the Charities Act 1992 and 1993. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The major risks to which the Charity is exposed as identified by the Trustees have been reviewed and systems established to mitigate those risks. 



## **THE RALF TRUST** 

## **TRUSTEES’ REPORT (CONTINUED)** 

# **YEAR ENDED 5 APRIL 2022** 

## **RISK REVIEW** 

The Trustees have assessed the major risks to which the Charity is exposed in particular those related to operations and finances of The Trust and are satisfied that systems are in place to mitigate our exposure to major risks. 

## **RESERVES AND INVESTMENT POLICY** 

The Trustees’ policy is to maintain reserves such that income generated is sufficient to meet the running costs and secure the long-term existence of the Charity. 

On behalf of the Trustees 

Julia Hacker 

(Authorised Official) 



## **THE RALF TRUST** 

**ACCOUNTS FOR YEAR ENDED 5 APRIL 2022** 



**The Ralf Trust Registered Charity Number: 1144551 Accounts for year ended 5 April 2022** 

**KCX7064** 



## **The Ralf Trust** 

## **Registered Charity No:  1144551** 

## **Receipts** 

|**Page no**<br>**reference**<br>**£**<br>**Value of Funds as at 6 April 2021**<br>Killik Investment Portfolio<br>Metro Bank cash balance<br>Platform Securities cash balance<br>Income received during 2021/22<br>**3**<br>**_Investment Portfolio - Gains/Losses_**<br>Realised Loss on sales made in 2021/22<br>**3**<br>Unrealised Gains made in 2021/22<br>Metrobank credit interest<br>Foreign exchange<br>Rebate charges on sales<br>Prudential excess cash<br>**Donations**<br>**Date**<br>Mark Ralf under payroll giving scheme<br>22/04/2021<br>3,076.92<br>10/06/2021<br>3,076.92<br>02/09/2021<br>5,888.46<br>04/11/2021<br>3,346.16<br>18/01/2022<br>1,673.08<br>28/01/2022<br>1,673.08<br>10/02/2022<br>1,673.08<br>16/03/2022<br>1,673.08<br>Amazon<br>24/05/2021<br>Amazon<br>13/12/2021<br>**Total**|**£**<br>398,945.11<br>25,505.01<br>2,028.28|**£**<br>426,478.40<br>14,159.68<br>45,647.14<br>91.75<br>325.63<br>30.00<br>9.45|
|---|---|---|
||1,963.46<br>-<br>47,610.60||
||22,080.78<br>6.88<br>5.69||
|||486,742.05<br>22,093.35|
||||
|||**508,835.40**<br>**£**|



Page 1 



## **The Ralf Trust** 

## **Registered Charity No:  1144551** 

## **Payments** 

|**Payments made to charities**<br>**Registered**<br>**Charity No.**<br>**Page no**<br>**reference**<br>VaccinAid the UK Committee for UNICEF (UNICEF UK)<br>04/05/2022 BACS payment<br>1072612<br>St Wilfred's Hospice, Chichester<br>20/08/2021<br>800153<br>281963<br>Day One Prison Ministries<br>27/08/2021<br>800158<br>233465<br>Operation Mobilisation (S/Projects)<br>31/08/2021<br>800164<br>1008196<br>Operation Mobilisation (Fuel)<br>31/08/2021<br>800163<br>1008196<br>London City Mission<br>02/09/2021<br>800165<br>247186<br>Intercontinental Church Society<br>03/09/2021<br>800161<br>1072584<br>OMF International (UK)<br>07/09/2021<br>800157<br>1086040<br>Release International<br>07/09/2021<br>800159<br>280577<br>The Message Trust<br>15/09/2021<br>800160<br>1081467<br>Toilet Twinning<br>20/09/2021<br>800166<br>265464<br>St Thomas' Church, Swansea, Church of England<br>21/09/2021<br>800155<br>1141879<br>West Wittering Church, Church of England<br>29/09/2021<br>800162<br>1141879<br>The Gurkha Welfare Trust<br>14/10/2021<br>800154<br>1103669<br>24-7 Prayer<br>15/11/2021<br>800167<br>1091413<br>West Wittering Church, Church of England<br>09/12/2021<br>800168<br>1141879<br>St Wilfred's Hospice, Chichester<br>25/02/2022<br>800170<br>281963<br>West Wittering Church, Church of England<br>23/12/2021<br>Faster Pyt<br>1141879<br>Tearfund in support of Afghanastan<br>08/03/2022<br>Faster Pyt<br>265464<br>Killik & Co custody charges<br>Advised Portfolio Fee<br>**Value of funds as at 5 April 2022:**<br>Killik Investment Portfolio<br>Metro Bank<br>Platform Securities|**£**<br>2,000.00<br>100.00<br>2,500.00<br>2,500.00<br>2,500.00<br>3,000.00<br>650.00<br>5,000.00<br>2,500.00<br>7,500.00<br>2,580.00<br>3,000.00<br>5,000.00<br>100.00<br>20,000.00<br>1,000.00<br>50.00<br>1,000.00<br>10,000.00|**£**<br>70,980.00<br>932.50<br>250.00|
|---|---|---|
||416,859.95<br>18,961.55<br>851.40||
|||72,162.50<br>436,672.90|
||||
|||**508,835.40**<br>**£**|



Page 2 



Assets 

||**Trust: The Ralf Trust**|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Registered Charity Number: 1144551**|||||||||||||||
||**Schedule of Investments for theyear ended 5 April 2022**|||||||||||||||
|||||||||||||||||
||**Security Description**|**Nominal**<br>**_Book Cost_**<br>**05-Apr-21**<br>**_05-Apr-21_**<br>**_£_**<br>4,736<br>_8,598.71_<br>1,600<br>_4,414.90_<br>3,437<br>_6,307.20_<br>-<br>-<br>500<br>_8,848.45_<br>2,000<br>_8,115.05_<br>5,000<br>_6,017.46_<br>10,000<br>_10,135.00_<br>400<br>_6,256.48_<br>10,000<br>_9,158.40_<br>340<br>_10,110.89_<br>70<br>_10,430.25_<br>10,000<br>_10,163.53_<br>45<br>_6,148.73_<br>8,000<br>_8,604.72_<br>204<br>_7,924.02_<br>-<br>-<br>3,500<br>_15,135.22_<br>3,000<br>_6,192.56_<br>8,500<br>_7,716.63_<br>240<br>_4,643.61_<br>90<br>_7,302.43_<br>5,000<br>_13,103.52_<br>100<br>_7,261.87_<br>10,000<br>_10,110.00_<br>840<br>_8,087.69_<br>-<br>-<br>700<br>_4,262.72_<br>100<br>_7,962.10_<br>225<br>_6,442.96_<br>400<br>_8,386.35_<br>2,500<br>_8,457.12_<br>500<br>_6,496.99_<br>1,100<br>_7,592.01_<br>30<br>_7,400.56_<br>4,200<br>_6,303.55_<br>225<br>_4,632.32_<br>55<br>_10,326.67_<br>4,400<br>_6,043.54_<br>4,200<br>_7,685.85_<br>125<br>_6,727.82_||**Market value**||**Nominal**|**Purchases**<br>**in 2021/22**|**Sales in**<br>**2021/22**|**Realised**<br>**gain/(loss)**<br>**in 2021/22**||**Nominal**<br>**_Book Cost_ Market value**<br>**05-Apr-22**<br>**_05-Apr-22_**<br>**05-Apr-22**<br>**_£_**<br>**£**<br>4,736<br>_8,598.71_<br>16,741.76<br>1,600<br>_4,414.90_<br>11,852.80<br>3,437<br>_6,307.20_<br>5,052.39<br>6,000<br>_12,087.01_<br>11,400.00<br>500<br>_8,848.45_<br>14,822.50<br>2,000<br>_8,115.05_<br>7,658.00<br>5,000<br>_6,017.46_<br>9,232.50<br>10,000<br>_10,135.00_<br>10,127.50<br>320<br>_5,005.18_<br>12,734.40<br>10,000<br>_9,158.40_<br>11,525.00<br>340<br>_10,110.89_<br>10,053.80<br>70<br>_10,035.89_<br>6,900.70<br>10,000<br>_10,163.53_<br>10,032.05<br>45<br>_6,148.73_<br>6,412.05<br>8,000<br>_8,604.72_<br>8,880.00<br>-<br>-<br>-<br>-<br>-<br>-<br>3,500<br>_15,135.22_<br>28,245.00<br>3,000<br>_6,192.56_<br>8,304.00<br>8,500<br>_7,716.63_<br>9,977.50<br>185<br>_3,579.45_<br>43,989.85<br>90<br>_7,302.43_<br>9,152.58<br>-<br>-<br>-<br>100<br>_7,261.87_<br>9,685.47<br>10,000<br>_10,110.00_<br>10,735.00<br>-<br>-<br>-<br>70<br>_8,529.22_<br>8,281.85<br>700<br>_4,262.72_<br>7,934.50<br>100<br>_7,962.10_<br>14,561.80<br>225<br>_6,442.96_<br>13,770.00<br>400<br>_8,386.35_<br>8,484.00<br>2,500<br>_8,457.12_<br>7,990.00<br>500<br>_6,496.99_<br>8,985.00<br>1,100<br>_7,592.01_<br>5,495.60<br>30<br>_7,400.56_<br>13,405.13<br>4,200<br>_6,303.55_<br>10,441.20<br>-<br>-<br>55<br>_10,326.67_<br>21,797.05<br>4,400<br>_6,043.54_<br>8,624.00<br>4,200<br>_7,685.85_<br>5,270.16<br>125<br>_6,727.82_<br>8,304.81|||<br>**Unrealised**<br>**gain/(loss)**<br>**in 2021/22**|**Net**<br>**Income**<br>**2021/22**|
|||||**05-Apr-21**||||||||||||
|||||**£**|||**£**|**£**|**£**|||||**£**|**£**|
||3i Infrastructure ordnpv|||14,042.24||||||||||2,699.52|479.52|
||BAEsystems|||8,160.00||||||||||3,692.80|387.20|
||Barclays plc ord gbp0.25|||6,324.08||||||||||(1,271.69)|206.22|
||BellevueHealthcareTrust plcredeemable ord gbp0.01|||-||6,000|(12,087.01)|||||||(687.01)|-|
||BHPgroupltdnpv(di)|||10,340.00||||||||||4,482.50|1,283.79|
||BPord usd0.25|||5,796.00||||||||||1,862.00|318.58|
||BTGroup ord gbp0.05|||7,822.50||||||||||1,410.00|115.50|
||Burford Capitalplc 6.125%gtd snr nts26/10/24gbp100'regs'|||10,220.00||||||||||(92.50)|612.50|
||Diageo ord gbp0.28101/108|||12,028.00||(80.00)||2,818.96|413.36|||||3,112.00|254.53|
||European AssetsTrust plc ord gbp0.10|||12,000.00||||||||||(475.00)|820.00|
||Experianplc ord usd0.10|||8,656.40||||||||||1,397.40|119.92|
||International BusMachcorp comusd0.20|||6,876.53||||||||||24.17|248.50|
||International Personal Finance plc7.75%gtd snremtn 14/12/2023 gbp100'16'|||9,995.00||||||||||37.05|775.00|
||InvescoPhysical Markets secured goldlkdnts 31/12/2100 usd|||5,442.75||||||||||969.30|-|
||JLEN Environmentalassets groupltd ordnpv|||8,896.00||||||||||(16.00)|543.20|
||KoninklijkePhilips|||8,541.41||(204.00)||6,898.87|(1,642.54)|||||-|126.54|
||Kyndryl HoldingsInc Com(demerger from IBMCorp)|||-||(14.00)||154.83|154.83|||||-|-|
||Law Debenture Corp ord gbp0.05|||25,305.00||||||||||2,940.00|1,001.89|
||LondonmetricProperty plc ord gbp0.10|||6,552.00||||||||||1,752.00|213.00|
||MIChelverton EquityFundMIChelvertonUK Equityincome b dis|||9,876.84||||||||||100.66|408.39|
||Microsoft Corp comusd0.00000625|||43,201.91||(55.00)||11,467.92|1,567|||||10,688.38|259.55|
||Nestle SAchf0.10 (regd)|||7,290.52||||||||||1,862.06|125.45|
||North American IncomeTst (THE) plc ord gbp|||13,100.00||(5,000.00)||13,476.19|376.19|||||-|320.00|
||Orsted a/s dkk10|||11,706.59||||||||||(2,021.12)|-|
||Paragon BankingGroup plc 6% snr emtn 28/08/2024gbp100 '3' 'regs'|||10,987.50||||||||||(252.50)|600.00|
||PingAn Insurance (group) Co ofChinaHCNY1|||7,315.04||(840.00)||5,203.99|(2,111.05)|||||-|114.06|
||Procter& Gamble co com npv|||-||70.00|(8,529.22)|||||||(247.37)|-|
||Prudentialgbp0.05|||10,860.50||||||||||(2,926.00)|81.20|
||PrusikUmbrella UCITSFund plcPrusik Asian Equityincome b usdinc|||13,899.74||||||||||662.06|659.44|
||RioTinto ord gbp0.10|||12,330.00||||||||||1,440.00|1,558.65|
||Shellplc ord eur0.07|||5,341.60||||||||||3,142.40|263.92|
||Smith(DS) ord gbp0.10|||10,340.00||||||||||(2,350.00)|302.50|
||SSEplc gbp0.50|||7,285.00||||||||||1,700.00|410.50|
||Standard Chartered plc ord usd0.50|||5,392.20||||||||||103.40|95.45|
||ThermoFisherScientificinc comusd1|||9,900.66||||||||||3,504.47|15.79|
||Tritax BigBox REITplc ord gbp0.01|||7,602.00||||||||||2,839.20|353.33|
||Unilever|||9,049.50||(225.00)||8,327.77|(721.73)|||||-|247.53|
||UnitedhealthGroupinc comstkusd0.01|||14,703.84||||||||||7,093.21|173.79|
||Urban LogisticsREITplc ord gbp0.01|||6,534.00||||||||||2,090.00|267.52|
||Vodafone Groupord usd0.2095238|||5,613.72||||||||||(343.56)|318.89|
||Xylem inc comusd0.01|125||9,616.04|||||||125|||(1,311.23)|77.83|
|||||||||||||||||
||**Sub Total**||**299,507.88**<br>**£**|**398,945.11**<br>**£**|||**£(20,616.23)**|**48,348.53**<br>**£**|**1,963.46**<br>**-£**|||**283,666.74**<br>**£**<br>**416,859.95**<br>**£**||**47,610.60**<br>**£**|**14,159.68**<br>**£**|



Page 3 



Independent examiner's report to the trustees of 

The Ralf Trust 

I report on the accounts of the Trust for the year ended 5 April 2022, which are set out on pages 1 to 4. 

## Respective responsibilities of trustees and 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 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the 2011 Act; 

- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

- to 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 Charity Commission. An examination includes a review of the accounting records kept by the charity 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 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. 

## **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: 

- to keep accounting records in accordance with section 130 of the 2011 Act; and 

- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 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. 

Name:      Sarah Hollowell TEP Address:   Killik & Co LLP, Crown House, Crown Street, Ipswich, Suffolk IP1 3HS Date:        14 February 2023