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← The C J W Trust

2024-04-05-accounts

THE C J W TRUST

Financial Statements Year Ended 5 April 2024 Charity No.: 1154021

The C J W Trust

Report and Financial Statements for the year ended 5 April 2024

Contents Page: 1 Reference and administrative information 2-3 Report of the Trustees 4 Report of the Independent Examiner 5 Statement of Financial Activities 6 Balance Sheet 7-12 Notes forming part of the Financial Statements Registered charity number 1154021 Trustees C Jessel S Jessel Principal Office BDO LLP, Thames Tower, Station Road, Reading, Berkshire, RG1 1LX Independent Examiner Steve Hale FCA, FCCA on behalf of Perrys Audit Ltd, Churchdown, Bordyke, Tonbridge, Kent, TN9 1NR Bankers Bank of Scotland, 600 Gorgie Road, Edinburgh, EH11 3XP

1

Report of the Trustees for the year ended 5 April 2024

The C J W Trust

The Trustees present their report along with the financial statements of the charity for the year ended 5 April 2024. The Financial Statements have been prepared in accordance with the accounting policies set out on page 7 and 8 and comply with the charity’s trust deed and applicable law.

Structure, Governance and Management

Governing document

The charitable trust was created by a deed of settlement dated 10 September 2013. The Trustees have power to pay or allocate the whole of the income (and capital thereof) to or for the benefit of charities or for charitable purposes.

The Trustees have the power to appoint additional Trustees.

Recruitment and appointment of new Trustees

Trustees are appointed based on the skills that they bring to the board, such that the board of Trustees has a balanced set of skills.

Each Trustee undertakes induction training which consists of a briefing by the Chairman on their roles and responsibilities. They are furnished with a complete range of information and literature, for future reference. Emphasis is placed on the legal status and responsibilities of a Trustee.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and Activities

Objectives and aims

The object of the charity is for public benefit to relieve those in need, advance education, advance health and the saving of lives and such other charitable purposes as the Trustees shall decide from time to time by the provision of grants.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning further activities.

Grant making policy

The Trustees will accept requests for grants and review them against the objectives of the charity. The decision to award a grant is made by the Trustees.

Achievements and Performance

Investment performance

The charity was created by a deed of settlement dated 10 September 2013 and has made investments during the year. The Trust’s income has arisen from donations and investment income comprising dividends and interest received. The Trustees continue to seek independent advice on obtaining the best returns on the investment portfolio held.

2

The C J W Trust

Report of the Trustees for the year ended 5 April 2024 (continued)

Financial Review

Reserves policy

The Trustees ensure that there are sufficient liquid cash resources available to meet the anticipated regular disbursements to charities and good causes. This is subject to annual review in the light of expected investment income.

Future developments

The focus of the Trustees of the Charity is to ensure that the cash amount available for distribution to charities and good causes can be sustained and increased year on year.

Trustees’ responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on their behalf by:

C Jessel

Trustee

Date: 04/02/2025

3

Independent Examiner’s Report to the Trustees of the

The C J W Trust (the 'Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2024 which are set out on pages 5 to 12.

Responsibilities and basis of report

As the charity’s Trustees 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 charity’s accounts carried out under section 145 of the 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 Charity 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 applicable 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.

Signed: S Hale

Steve Hale FCA, FCCA on behalf of

Perrys Audit Ltd Churchdown Bordyke Tonbridge Kent TN9 1NR

Date: 04/02/2025

4

The C J W Trust

Statement of Financial Activities for the year ended 5 April 2024

==> picture [789 x 415] intentionally omitted <==

----- Start of picture text -----
Notes 2024 2024 2024 2023 2023 2023
Endowment Unrestricted Total Endowment Unrestricted Total
funds funds funds funds funds funds
£ £ £ £ £ £
Income and endowments from
Donations and legacies 2 - 87,500 87,500 - - -
Investments 3 - 4,841 4,841 - 3,150 3,150
Total - 92,341 92,341 - 3,150 3,150
Expenditure on
Raising funds 4 1,275 - 1,275 1,511 - 1,511
Charitable activities 5 - 122,510 122,510 - 113,288 113,288
Total (1,275) (122,510) (123,785) (1,511) (113,288) (114,799)
Net income/(expenditure) before investment gains/(losses) (1,275) (30,169) (31,444) (1,511) (110,138) (111,649)
Net gains/(losses) on investments 8 5,186 - 5,186 (14,341) - (14,341)
Net income/(expenditure) 3,911 (30,169) (26,258) (15,852) (110,138) (125,990)
Transfers to unrestricted funds (30,169) 30,169 - (110,138) 110,138 -
Net movement in funds (26,258) - (26,258) (125,990) - (125,990)
- -
Total funds at 6 April 2023 110,880 110,880 236,870 236,870
- -
Total funds at 5 April 2024 84,622 84,622 110,880 110,880
----- End of picture text -----

The notes on pages 7 to 12 form part of these financial statements

5

The C J W Trust

Balance Sheet as at 5 April 2024

Notes
Fixed Assets
Investments
8
Current Assets
Cash at bank and in hand
9
Debtors		 £
£
123,708
36,300
17,500
2024		 £
£
143,131
62,112
-
2023
Liabilities
Creditors:amounts falling due within one year 10		 53,800
(92,886)		 62,112
(94,363)
Net current assets (39,086) (32,251)
Total Net Assets 84,622 110,880
Funds
Endowment funds
13
Unrestricted funds
13		 84,622
-		 110,880
-
84,622 110,880

Approved by the Trustees and signed on their behalf by:

C Jessel Trustee

Date: 04/02/2025

The notes on pages 7 to 12 form part of these financial statements

6

The C J W Trust

Notes to the financial statements for the year ended 5 April 2024

1 Principal Accounting Policies

(a) Accounting convention

The C J W Trust is a registered unincorporated charity, registered and domiciled in England and Wales under the Charities Act 2011. The address of the registered office is given on page 1.

The financial statements are prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.

The C J W Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

(b) Cash flow statement

Under FRS 102, there is a requirement for larger charities to prepare a cash flow statement, however as the charity has income less than the £500,000 threshold, a cash flow statement is not required.

(c) Going concern

The Trust has substantial net assets and the Trustees therefore have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees have adopted the going concern basis in preparing the financial statements.

(d) Donations, legacies and similar income

Donations, legacies and similar income are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability.

(e) Investment income

Investment income is accounted for in the period in which the charity is entitled to receipt.

(f) Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

(g) Charitable activities

Costs of charitable activities include grants made and an apportionment of overhead and support costs where applicable.

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust.

(h) Governance costs

Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activity.

7

The C J W Trust

Notes to the financial statements for the year ended 5 April 2024

(i) Fixed asset investments

Investments are stated at closing market value at the balance sheet date. Any gains or losses on revaluation and disposal are shown in the Statement of Financial Activities.

(j) Realised gains and losses

Gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and purchase cost. Unrealised gains and losses are calculated as the difference between the market value at year end and opening market value (or purchase date if later). Realised and unrealised gains and losses are not separated in the Statement of Financial Activities.

(k) Taxation

The charity is exempt from tax on its charitable activities.

(l) Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

The endowment fund is comprised solely of an expendable endowment. Expendable endowments are those where the Trust terms provide for conversion from capital into income under certain circumstances. Income arising on the endowment fund can be used in accordance with the objectives of the charity and is included as unrestricted income. Any capital gains and losses arising on the investments form part of the fund. Investment manager charges, fundraising costs and legal advice relating to the fund are charged against the fund.

(m) Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling the balance sheet date. Transactions in foreign currency are translated at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

(n) Cash at bank

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(o) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(p) Financial instruments

The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Investments are measured at fair value.

2
Donations
Donations received
Gift Aid recoverable		 2024
£
70,000
17,500
87,500		 2023
£
-
-
-

8

The C J W Trust

Notes to the financial statements for the year ended 5 April 2024

3
Investment income
Dividend income
Brokers interest received
4
Raising funds
Investment managers fees
5
Charitable activities
General activities
6
Grants paid or payable
The Big Give
7
Support costs
General activities
Accountancy fees
Independent examiner fees
Over provision in prior year		 Activities
Undertaken
Directly
(see note 5)
£
120,000		 2024
£
4,683
158
4,841
2024
£
1,275
Support
Costs
(see note 6)
£
2,510
2024
£
120,000
2024
£
2
3,990
960
(2,442)
2,510		 Total
2024
£
122,510		 2023
£
3,073
77
3,150
2023
£
1,511
Total
2023
£
113,288
2023
£
105,475
2023
£
1
10,254
-
(2,442)
7,813

9

The C J W Trust

Notes to the financial statements for the year ended 5 April 2024

8
Investments
£
£
Market value at 6 April 2023
143,131
Acquisition cost in the year
106,520
Proceeds from disposals in the year
(131,129)
(24,609)
Realised gains / (losses) on disposals
(4,775)
Movement in unrealised valuation
9,961
5,186
Market value at 5 April 2024
123,708
Historical cost at 5 April 2024
104,285
9
Cash at bank and in hand
2024
£
Current account
32,285
Investment manager accounts
4,015
36,300
10 Creditors: amounts falling due within one year
2024
£
Other creditors
4,950
Amounts owed to Trustees
87,936
92,886
11 Financial instruments
2024
£
160,008
Financial liabilities measured at amortised cost
92,886
Financial assets measured at fair value through the
Statement of Financial Activities
2024		 £
£
189,206
112,358
(144,092)
(31,734)
(13,005)
(1,336)
(14,341)
143,131
97,056
2023
£
46,272
15,840
62,112
2023
£
29,222
65,141
94,363
2023
£
205,243
94,363
2023

Financial assets measured at fair value through the statement of financial activities comprise investments in shares of quoted companies and cash at bank.

Financial liabilities measured at amortised cost comprise other creditors and amounts owed to Trustees.

10

The C J W Trust

Notes to the financial statements for the year ended 5 April 2024

12 Movement in funds
£
Endowment funds
110,880
110,880
Net movement in funds, included in the above are as follows:
£
£
£
Endowment funds
-
(1,275)
5,186
Unrestricted funds
92,341
(122,510)
-
92,341
(123,785)
5,186
Gains and
losses
Expenditure
Income
At 6 April 2023		 £
(26,258)
(26,258)
£
(30,169)
30,169
-
Transfer to
unrestricted
funds
Net movement
in funds		 £
84,622
84,622
£
(26,258)
-
(26,258)
Movement in
funds
At 5 April 2024

The endowment fund is comprised solely of an expendable endowment. Expendable endowments are those where the trust terms provide for conversion from capital into income under certain circumstances.

Income arising on the endowment fund can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains and losses arising on the investments form part of the fund. Investment manager charges, fundraising costs and legal advice relating to the fund are charged against the fund.

13 Analysis of net assets between funds
Endowment
funds
2024
£
Fixed asset investments
123,708
Current assets
36,300
Creditors: amounts due within one year
(92,886)
67,122		 Unrestricted
funds
2024
£
-
-
-
-		 Total
funds
2024
£
123,708
36,300
(92,886)
67,122		 Total
funds
2023
£
143,131
62,112
(94,363)
110,880

14 Trustees' remuneration and benefits

There were no Trustees’ remuneration or other benefits for the year ended 5 April 2024 (2023 - £nil)

There were no Trustees’ expenses paid for the year ended 5 April 2024 (2023 - £nil)

11

The C J W Trust

Notes to the financial statements for the year ended 5 April 2024

15 Related parties

Mrs C Jessel - Trustee

At the year end, the charity owed £87,936 (2023 - £65,141) to Mrs Jessel in respect of accountancy and professional fees previously paid on behalf of the charity.

16 Ultimate controlling party

The C J W Trust is controlled by its Trustees.

12

The C J W Trust

Appendix

Schedule of Investments

5 April 2024

13

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Opening Balances Acquisitions Acquisitions Disposals Closing Balances
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
ISHARES II PLC USD FLTG RATE BOND UCITS ETF GBP DIS HGD
06-Apr-23 b/fwd 1,343 6,339 6,411
23-Jul-23 Sale 10 48 47 1
26-Oct-23 Sale 2 10 9 -
09-Nov-23 Sale 340 1,649 1,605 45
07-Dec-23 Sale 991 4,684 4,677 7
05-Apr-24 c/fwd - - - 296
ISHARES II PLC USD HIGH YIELD CORP BD GBP UCITS HDG DIS
06-Apr-23 b/fwd 955 3,982 4,004
23-Jul-23 Sale 7 29 29 -
26-Oct-23 Sale 1 4 4 -
09-Nov-23 Sale 241 1,004 1,005 (1)
07-Dec-23 Sale 706 2,916 2,944 (28)
05-Apr-24 c/fwd - - - 193
ISHARES III PLC CORE GBL AGGRG BD UCITS ETF GBP HDG DIS
06-Apr-23 b/fwd - - -
07-Dec-23 Purchase 1,721 7,782
15-Jan-24 Sale 12 54 54 -
05-Apr-24 c/fwd 1,709 7,728 7,726 98
ISHARES VI PLC GBL HIGH YLD CORP BOND GBP HGD DIST
06-Apr-23 b/fwd 37 3,137 3,173
09-Nov-23 Sale 9 753 763 (10)
07-Dec-23 Sale 28 2,405 2,374 31
05-Apr-24 c/fwd - - - 175

1

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing Balances
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
NEUBERGER BERMAN INVESTMENT FDS PLC SHORT DURATION EMG MKT GBP I5 INC
06-Apr-23 b/fwd 930 7,132 7,095
30-Jun-23 Excess reportable income 32
23-Jul-23 Sale 8 59 59 -
26-Oct-23 Sale 1 9 9 -
09-Nov-23 Sale 235 1,800 1,810 (10)
06-Dec-23 Sale 686 5,365 5,285 79
05-Apr-24 c/fwd - - - 183
SSGA SPDR ETFS EUROPE I PLC SPDR BLOOMGBL AGG HDG UCITS ETF
06-Apr-23 b/fwd - - -
07-Dec-23 Purchase 280 7,805
15-Jan-24 Purchase 2 57
05-Apr-24 c/fwd 282 7,861 7,831 106
ISHARES II PLC USD TIPS 0-5 UCITS GBP DIS HDG
06-Apr-23 b/fwd 752 3,841 3,787
30-Apr-23 Excess reportable income 6
23-Jul-23 Sale 7 35 36 (1)
27-Oct-23 Purchase 64 317
09-Nov-23 Sale 206 1,025 1,051 (26)
07-Dec-23 Sale 603 2,894 3,077 (183)
05-Apr-24 c/fwd - - - 165
ISHARES II PLC USD TREAS BD 7-10YR UCIT ETF GBP DIS HGD
06-Apr-23 b/fwd 1,462 6,698 6,839
23-Jul-23 Sale 11 49 50 (2)
26-Oct-23 Sale 2 8 9 (1)
09-Nov-23 Sale 370 1,583 1,695 (112)
07-Dec-23 Sale 1,079 4,670 4,943 (273)
05-Apr-24 c/fwd - - - 168

2

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing Balances
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
ISHARES III PLC UK GILTS 0-5YR UCITS ETFGBP DIST
06-Apr-23 b/fwd - - -
07-Dec-23 Purchase 9 1,144
05-Apr-24 c/fwd 9 1,144 1,139 21
LEGAL & GENERAL(UNIT TRUST MGRS)LTDL&G ALL STOCKS GILT INDEX TRUST C DIS
06-Apr-23 b/fwd - - -
19-Jun-23 Purchase 3,421 3,185
26-Jul-23 Sale 8 8 8 0
27-Oct-23 Sale 4 4 4 (0)
09-Nov-23 Sale 870 825 810 16
11-Dec-23 Purchase 4,381 4,177
25-Jan-24 Equalisation - (12)
05-Apr-24 c/fwd 6,920 6,528 6,696 24
ISHARES CORE GBP CORP BD UCITS ETF GBP DIST
06-Apr-23 b/fwd 110 12,754 13,448
15-Jun-23 Purchase 7 812
27-Oct-23 Purchase 3 348
09-Nov-23 Sale 29 3,453 3,362 90
07-Dec-23 Sale 14 1,711 1,623 88
05-Apr-24 c/fwd 77 8,928 9,451 506
ISHARES GBP CORP BD 0-5 UCITS ETF GBP DIST
06-Apr-23 b/fwd - - -
07-Dec-23 Purchase 62 6,137
05-Apr-24 c/fwd 62 6,137 6,183 124

3

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing Balances
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
VANGUARD FUNDS PLC FTSE EMERGING MARKETS UCITS ETF USD ACC
06-Apr-23 b/fwd 58 2,470 2,482
27-Oct-23 Purchase 15 635
09-Nov-23 Sale 17 730 730 (0)
04-Dec-23 Purchase 58 2,491
31-Dec-23 Excess reportable income - 75
05-Apr-24 c/fwd 114 4,940 5,202 75
VANGUARD FUNDS PLC FTSE DEVELOPED EU EX UK UCTS ETF EUR ACC
06-Apr-23 b/fwd - - -
05-Dec-23 Purchase 169 5,935
05-Apr-24 c/fwd 169 5,935 6,523 -
ISHARES VII PLC ISHARES MSCI EM ASIA UCITS ETF USD (ACC)
06-Apr-23 b/fwd 60 7,806 7,439
09-Nov-23 Sale 15 1,832 1,991 (159)
04-Dec-23 Sale 45 5,441 5,973 (531)
31-Jan-24 Excess reportable income - 158
05-Apr-24 c/fwd - - - 158
VANGUARD FUNDS PLC FTSE DEV ASIA PAC EX JPN UTS ETF USD ACC
06-Apr-23 b/fwd - - -
04-Dec-23 Purchase 95 2,140
05-Apr-24 c/fwd 95 2,140 2,293 -
MULTI UNITS LUXEMBOURG LYXOR CORE MSCI JAPAN - D HEDGED GBP
06-Apr-23 b/fwd - - -
30-Jun-23 Excess reportable income - 92
30-Jun-23 Sale - - 92 (92)
05-Apr-24 c/fwd - - - 92

4

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing Balances
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
VANGUARD FUNDS PLC FTSE JAPAN UCITS ETF USD ACC
06-Apr-23 b/fwd 150 3,194 3,254
26-Oct-23 Sale 29 645 630 15
09-Nov-23 Sale 31 712 718 (6)
04-Dec-23 Purchase 43 995
31-Dec-23 Excess reportable income - 66
05-Apr-24 c/fwd 133 2,907 3,485 66
ISHARES CORE S&P 500 UCITS ETF USD (DIST)
06-Apr-23 b/fwd - - -
04-Dec-23 Purchase 184 6,634
31-Jan-24 Excess reportable income - 104
05-Apr-24 c/fwd 184 6,738 7,538 43
ISHARES V PLC S&P 500 GBP HEDGED UCITS ETF ACC
06-Apr-23 b/fwd - - -
31-May-23 Excess reportable income - 79
31-May-23 Sale - - 79 (79)
05-Apr-24 c/fwd - - - 79
ISHARES VII PLC ISHARES CORE S&P 500 UCITS ETF USD ACC
06-Apr-23 b/fwd 24 8,111 8,155
09-Nov-23 Sale 6 2,240 2,028 213
04-Dec-23 Sale 18 6,813 6,083 730
05-Apr-24 c/fwd - - - 104
SSGA SPDR ETFS EUROPE I PLC S&P 500UCITS ETF USD(GBP) ACC
06-Apr-23 b/fwd - - -
05-Dec-23 Purchase 907 7,881
05-Apr-24 c/fwd 907 7,881 9,007 -

5

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing Balances
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
VANGUARD FUNDS PLC FTSE NORTH AMERICA UCITS ETF USD ACC
06-Apr-23 b/fwd - - -
05-Dec-23 Purchase 134 11,835
27-Dec-23 Accumulation - 37
27-Mar-24 Accumulation - 40
05-Apr-24 c/fwd 134 11,913 13,510 78
VANGUARD FUNDS PLC S&P 500 UCITS ETF USD ACC
06-Apr-23 b/fwd 83 4,945 5,058
28-Jun-23 Accumulation - 18
27-Sep-23 Accumulation - 18
27-Oct-23 Purchase 16 1,031
09-Nov-23 Sale 25 1,673 1,518 155
27-Dec-23 Accumulation - 16
31-Dec-23 Excess reportable income - 70
27-Mar-24 Accumulation - 18
05-Apr-24 c/fwd 74 4,597 5,747 139
HANETF ICAV ICLIMA GBL DECARBON ENABLERS ETF USD ACC
06-Apr-23 b/fwd 1,634 10,381 9,131
23-Jul-23 Sale 13 77 83 (6)
30-Sep-23 Excess reportable income - 77
26-Oct-23 Sale 2 9 13 (3)
09-Nov-23 Sale 413 2,007 2,643 (637)
04-Dec-23 Sale 1,206 6,081 7,718 (1,638)
05-Apr-24 c/fwd - - - 77

6

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing Balances
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
LEGAL & GENERAL (UNIT TRUST MGRS) LTD LEGAL & GEN GBL INFRSTR IDX C GBP ACC
06-Apr-23 b/fwd 5,600 4,289 4,393
15-May-23 Accumulation - 24
26-Jul-23 Purchase 58 45
26-Oct-23 Sale 7 5 6 -
09-Nov-23 Sale 1,442 1,065 1,127 (63)
15-Nov-23 Accumulation - 65
01-Dec-23 Sale 4,209 3,180 3,291 (111)
05-Apr-24 c/fwd - - - 89
SSGA SPDR ETFS EUROPE II PLC MSCI WRLD HEALTH CARE UCITS ETF USD
06-Apr-23 b/fwd 103 4,726 4,687
28-Apr-23 Sale 2 90 93 (3)
30-Sep-23 Excess reportable income - 53
09-Nov-23 Sale 25 1,108 1,160 (52)
04-Dec-23 Sale 76 3,349 3,526 (177)
05-Apr-24 c/fwd - - - 53
FIDELITY INDEX UK FUND P ACC
06-Apr-23 b/fwd - - -
05-Dec-23 Purchase 7,595 12,242
16-Jan-24 Sale 66 107 106 2
05-Apr-24 c/fwd 7,530 12,136 12,932 -
ISHARES VII PLC CORE FTSE 100 UCITS ETF GBP (ACC)
06-Apr-23 b/fwd 66 9,020 9,251
27-Oct-23 Purchase 4 551
09-Nov-23 Sale 17 2,350 2,410 (59)
05-Dec-23 Sale 53 7,423 7,513 (89)
31-Jan-24 Excess reportable income - 352
05-Apr-24 c/fwd - - - 352

7

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing Balances
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
LEGAL & GENERAL(UNIT TRUST MNGRS) UK INDEX TRUST C INC
06-Apr-23 b/fwd 9,628 15,629 16,108
28-Apr-23 Sale 50 84 81 3
06-Jun-23 Equalisation - (67)
26-Jul-23 Sale 30 50 49 2
27-Oct-23 Sale 12 20 20 (1)
09-Nov-23 Sale 2,433 3,886 3,933 (47)
16-Jan-24 Sale 23 37 37 1
05-Apr-24 c/fwd 7,080 11,443 12,256 523
VANGUARD FUNDS PLC FTSE 250 UCITS ETF GBP DIS
06-Apr-23 b/fwd 284 10,132 8,141
28-Apr-23 Sale 2 60 71 (12)
28-Apr-23 Purchase 29 850
09-Nov-23 Sale 79 2,181 2,772 (590)
05-Dec-23 Sale 232 6,634 8,144 (1,510)
31-Dec-23 Excess reportable income - 5
05-Apr-24 c/fwd - - - 186
ISHARES IV PLC EDGE MSCI WRL VAL FCT UCITS ETF USD ACC
06-Apr-23 b/fwd 234 6,455 6,742
09-Jun-23 Sale 82 2,423 2,342 80
26-Jul-23 Sale 1 30 29 2
09-Nov-23 Sale 38 1,141 1,086 56
30-Nov-23 Excess reportable income - 230
04-Dec-23 Sale 113 3,461 3,228 233
05-Apr-24 c/fwd - - - 230
ISHARES VI PLC EDGE MSCI WLD MIN VOL UCITS ETF USD ACC
06-Apr-23 b/fwd 41 1,827 1,881
09-Jun-23 Sale 41 1,845 1,859 (14)
30-Sep-23 Excess reportable income - 32
05-Apr-24 c/fwd - - - 32

8

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing Balances
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
ISHARES V PLC GOLD PRODUCERS UCITS ETF USD ACC
06-Apr-23 b/fwd 308 3,389 3,699
31-May-23 Excess reportable income - 30
23-Jul-23 Sale 1 11 11 -
26-Oct-23 Sale 90 944 999 (56)
09-Nov-23 Sale 55 545 611 (66)
04-Dec-23 Sale 162 1,771 1,799 (28)
05-Apr-24 c/fwd - - - 30
GOLDMAN SACHS FUNDS GS ABST RTN TKR PTF I GBP HGD ACC
06-Apr-23 b/fwd 329 3,978 4,075
31-May-23 Excess reportable income - 16
26-Jul-23 Sale 3 35 33 2
27-Oct-23 Sale 143 1,772 1,732 39
09-Nov-23 Sale 47 592 569 23
05-Apr-24 c/fwd 137 1,660 1,858 16
SEI INVESTMENT GLOBAL LTD LIQUID ALTERNATIVE GBX DIS
06-Apr-23 b/fwd 301 4,143 3,878
26-Jul-23 Sale 3 40 41 (1)
27-Oct-23 Sale 127 1,687 1,742 (55)
09-Nov-23 Sale 44 584 602 (18)
31-Dec-23 Excess reportable income - 1
05-Apr-24 c/fwd 128 1,758 1,756 124
INVESCO MARKETS PLC INVESCOBLOOMBERG CMDTY UCITS ETF A USD
06-Apr-23 b/fwd - - -
31-Oct-23 Purchase 160 3,034
09-Nov-23 Sale 40 736 758 (22)
15-Jan-24 Purchase 20 342
05-Apr-24 c/fwd 140 2,618 2,573 -

9

The C J W Trust

Schedule of Investments for the year ended 5 April 2024

Units
Cost
Value
Units
Cost
Units
£
£
£
Acquisitions
Opening Balances
XTRACKERS S&P500 EQL WGHT UCITS ETF1C U
06-Apr-23
b/fwd
-
-
-
27-Jul-23
Purchase
59
3,779
09-Nov-23
Sale
14
04-Dec-23
Sale
45
05-Apr-24
c/fwd
VANGUARD FUNDS PLC FTSE ALL WORLDUCITS ETF GBP ACC
06-Apr-23
b/fwd
-
-
-
15-Jun-23
Purchase
49
4,244
09-Nov-23
Sale
11
05-Dec-23
Sale
38
31-Dec-23
Excess reportable income
-
77
05-Apr-24
c/fwd
ISHARES IV PLC GBP ULTRASHORT BONDUCITS ETF GBP DIST
06-Apr-23
b/fwd
-
-
-
16-Jun-23
Purchase
39
3,916
26-Oct-23
Sale
8
09-Nov-23
Sale
8
07-Dec-23
Sale
23
05-Apr-24
c/fwd
BLACKROCK ASSET MGMT IRELAND LTD ICS STERLING LIQUIDITY PREMIER GBP ACC
06-Apr-23
b/fwd
-
-
-
14-Jun-23
Purchase
41
4,468
14-Jun-23
Sale
41
05-Apr-24
c/fwd
144,379
143,131
106,520		 Proceeds
Cost
Profit/Loss
Units
£
£
£
Disposals
857
897
(40)
2,874
2,882
(8)
-
967
970
(3)
3,382
3,351
32
-
817
803
14
820
803
16
2,364
2,309
55
-
4,489
4,468
21
-
131,129
135,905
(4,775)		 Cost
Value
Income
£
£
£
Closing Balances
-
-
-
-
-
77
-
-
-
-
-
-
114,993
123,706
4,683

10