## |||Page|| |---|---|---|---| |Reference and Administrative
Details|||| |Report ofthe Trustees|||| |Independent
Examiner's
Report|||| |Statement ofFinancial Activities|||| |Balance Sheet|||| |Notes to the Financial Statements|6|to|10| |Detailed Statement ofFinancial Activities|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||FORT|HE YEAR ENDED 5AP|RIL 2021|| |---|---|---|---|---|---| |||||5.4.21|5.4.20| |||||Unrestricted|Total| |||||funds|funds| ||||Notes||| |INCOME AND ENDOWMENTS FROM|||||| |Investment
income||||27,146|33,774| |EXPENDITURE|ON||||| |Other||||14,052|19,205| |Net gains/(losses)|on investments|||(36,702)|(6,714)| |NET INCOME/(EXPENDITURE)||||(23,608)|7,855| |RECONCILIATION||OFFUNDS|||| |Total funds brought||forward||994,351|986,496| |TOTAL FUNDS|CARRIED FORWARD|||970,743|994,351| ## ## ||BALANCE SHEET
5APRIL 2021||| |---|---|---|---| |||5.4.2I.|5.4.20| |||Unrestricted|Total| |||funds|funds| ||Notes||| |FIXEDASSETS|||| |Investments||906,726|930,888| |CURRENT ASSETS|||| |Debtors||194|194| |Cash at bank||68,472|67,919| |||68,666|68,113| |CREDITORS|||| |Amounts
falling due within one year||(4,649)|(4,650)| |NET CURRENT ASSETS||64,017|63,463| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||970,743|994,351| |NET ASSETS||970,743|994,351| |FUNDS|||| |Unrestricted
funds:|||| |Geneml fund||220,743|244,351| |Designated
fund||750,000|750,000| |||970,743|994,351| |TOTAL FUNDS||970,743|994,351| ## ## ## ## ## ## ## ## |INVESTMENT INCOME||| |---|---|---| ||5.4.21|5.4.20| |Dividend
income|17,166|23,381| |Bank interest|17|124| |Foreign interest|4,930|5,748| |Foreign dividends|4,493|4,116| |UK fixed interest|540|405| ||27,146|33,774| ## ## ||||Governance| |---|---|---|---| ||||costs| ||||I| |Other|resources|expended|14,052| ## ## ## |FIXEDASSETINVESTMENTS|| |---|---| |INVESTMENTS AT COST|Listed| ||investments| |At 6April 2020|930,888| |Additions|173,741| |Disposals|(197,903)| |At 5April 2021|906,726| |NET BOOK VALUE|| |At 5April 2021|906,726| |At 5April 2020|930,888| ## ## ## ## |CREDI|TORS|: AMOUNTS|FA|LLING DUE WITHIN ONE|YEAR||| |---|---|---|---|---|---|---|---| |||||||5.4.21|5.4.20| |Trade creditors||||||(2)|(2)| |Other creditors||||||4,651|4,652| |||||||4,649|4,650| |MOVEMENT||IN FUNDS|||||| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 6.4.20|in funds|funds|5.4.21| ||||||I||| |Unrestricted
funds|||||||| |General|fund|||244,351|13,094|(36,702)|220,743| |Designated
fund||||750,000|(36,702)|36,702|750,000| |||||994,351|(23,608)||970,743| |TOTAL|FUNDS|||994,351|(23,608)||970,743| |Net movement||in funds, included||in the above are as follows:|||| |||||Incoming|Resources|Gains and|Movement| |||||resources|expended|losses|in funds| |Unrestricted
funds|||||||| |General|fund|||27,146|(14,052)||13,094| |Designated
fund||||||(36,702)|(36,702)| |||||27,146|(14,052)|(36,702)|(23,608)| |TOTAL|FUNDS|||27,146|(14,052)|(36,702)|(23,608)| |Comparatives||for movement|in|funds|||| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 6.4.19|in funds|funds|5.4.20| ||||||f,||| |Unrestricted
funds|||||||| |General|fund|||236,496|14,569|(6,714)|244,351| |Designated
fund||||750,000|(6,714)|6,714|750,000| |||||986,496|7,855||994,351| |TOTAL|FUNDS|||986,496|7,855||994,351| ## ## ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| ||||||f,|| |Unrestricted||funds||||| |General fund|||33,774|(19,205)||14,569| |Designated|fund||||(6,714)|(6,714)| ||||33,774|(19,205)|(6,714)|7,855| |TOTAL FUNDS|||33,774|(19,205)|(6,714)|7,855| |A current year||12months and prior year 12months|combined|position is as follows:||| |||||Net|Transfers|| |||||movement|between|At| ||||At 6.4.19|in funds|funds|5.4.21| |Unrestricted||funds||||| |General fund|||236,496|27,663|(43,416)|220,743| |Designated|fund||750,000|(43,416)|43,416|750,000| ||||986,496|(15,753)||970,743| |TOTAL FUNDS|||986,496|(15,753)||970,743| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |||6|||| |Unrestricted|funds||||| |General fund||60,920|(33,257)||27,663| |Designated
fund||||(43,416)|(43,416)| |||60,920|(33,257)|(43,416)|(15,753)| |TOTAL FUNDS||60,920|(33,257)|(43,416)|(15,753)| ## ## ## ||FOR THE YEAR ENDED 5A|PRIL 2021|| |---|---|---|---| |||5.4.21|5.4.20| |INCOME AND ENDOWMENTS|||| |Investment
income|||| |Dividend
income||17,166|23,381| |Bank interest||17|124| |Foreign interest||4,930|5,748| |Foreign dividends||4,493|4,116| |UK fixed interest||540|405| |||27,146|33,774| |Total incoming resources||27,146|33,774| |EXPENDITURE|||| |Support costs|||| |Governance
costs|||| |Accountancy||4,740|4,740| |Solicitors fees||2,280|5,010| |Investment
managers|fees|7,032|9,455| |||14,052|19,205| |Total resources expended||14,052|19,205| |Net income before gains and losses||13,094|14,569| |Realised recognised|gains and losses||| |Realised gains/(losses)|on fixed asset investments|(36,702)|(6,714)| |Net (expenditure)/income||(23,608)|7,855| ## |||||||| |---|---|---|---|---|---|---| |UKDividend||Income||Date||Dividend| |Aberforth|Smaller Companies||1,250 Ord lp shs||28/08/2020|130.00| ||||tl||09/03/2021|286.25| |Admiral|Group||600 Ord sbs||01/06/2020|337.80| ||||||02/10/2020|547.20| |Close Bros|||530 Ord sbs||24/11/2020|212.00| |Diageo|||700 Ord shs||09/04/2020|191.87| |It|||lt||08/10/2020|297.29| ||||1,700 Ord 5p shs||09/04/2020|391.00| ||||II||09/07/2020|323.00| ||||||08/10/2020|323.00| ||||||14/01/2021|323.00| |HICL Iutrastructure|||11,000 Ord. Shs||30/06/2020|138.90| |lt|||||30/09/2020|99.70| ||||||31/12/2020|92.91| ||||||31/03/2021|36.26| |JP Morgan GBLEMKT|||9,000 Ord lp shs||24/04/2020|90.00| ||||||31/07/2020|90.00| ||||||23/10/2020|189.00| ||||||22/01/2021|90.00| |Legal db|General||3,500 Ord shs||04/06/2020|442.40| |tl|||II||24/09/2020|172.55| |c/fwd||||||4804.13| |YEARENDED 5TH APRIL 202|YEARENDED 5TH APRIL 202|1||||| |---|---|---|---|---|---|---| |UK Dividend Income||||Date||Dividend| |b/fwd||||||4804.13| |National|Grid|1,500 Ord shs|||19/08/2020|480.00| |||lt|||13/01/2021|255.00| |Prudential||460|Ord 5p shs||15/05/2020|95.86| |||tl|||28/09/2020|19.18| |Rio Tinto||425|Ord 10p shs||16/04/2020|754.25| |ll||tl|||17/09/2020|508.90| |Royal Dutch Shell||1,300 Ord Bshs
II|||22/06/2020
21/09/2020|164.84
157.17| ||||||16/12/2020|162.24| ||||||29/03/2021|155.48| |TRProperty Inv Trust||3,250 Ord 25p shs
lt|||04/08/2020
08/01/2021|286.00
169.00| |Unilever||275|Ord shs||04/06/2020|99.39| ||||ll||09/09/2020|101.70| ||||||20/11/2020|103.02| ||||||17/03/2021|103.40| |Relx pic||660|Ord shs
II||28/05/2020
02/09/2020|211.86
89.76| |Smith k
Experian
tt|Nephew
ord|1000Ord shs
270 Ord shs|||28/10/2020
24/07/2020
05/02/2021|110.70
70.37
28.82| |||||||8931.07| ## |YEARENDED 5TH
|APRIL 2021
||||| |---|---|---|---|---|---| |UK Unit Trust Divide|nds||Date||Dividend| |Baillie GIIIord Japanese BNav Inc||650 units||30/06/2020|151.34| |Blackrock FM Cont Europe Inc D||12,250 units||30/04/2020|73.33| ||lt|||31/07/2020|288.36| |||||30/10/2020|108.41| |||||29/01/2021|98.07| |BNY Mellon Asian Inc||32,500 units||29/05/2020|437.71| ||tl|II||31/08/2020|497,03| |||||30/11/2020|337.42| |||38,114units||26/02/2021|214.37| |BNY Mellon Gbl Inc||12,750 units||29/05/2020|152.15| ||II|14,222 units||31/08/2020|193.78| |||||30/11/2020|129.44| |||||26/02/2021|140.31| |First State Stewart Inv|Asia Pac|2,800units||30/09/2020|45.13| |tt||lt||31/03/2021|4.04| |JPMorgan US Equity|Inc|47,500 units||30/04/2020|351.50| |||lt||31/07/2020|332.50| |||||30/10/2020|332.50| |||||29/01/2021|304.00| |Jupiter Unit Managers|Japan Income|25,000units||30/09/2020|319.90| |||||31/03/2021|304.25| |Link Fund SolTrojan|Income|25,000units||30/09/2020|276.08| |||II||31/03/2021|380.93| |Man FD Man GLG UK Inc||18,000 units||30/04/2020|52.50| |tl||||29/05/2020|70.24| |||||30/06/2020|64.80| |||||31/07/2020|57.59| |||||31/08/2020|63.00| |||||30/09/2020|81.00| |||||30/10/2020|87.12| |||||30/11/2020|87.08| |||||31/12/2020|87.01| |||||29/01/2021|87.14| |||||26/02/2021|85.64| |||||31/03/2021|66.56| |c/fwd|||||6362.23| |UK Unit|Trust Dividends||Date||Dividend| |---|---|---|---|---|---| |b/fwd|||||6362.23| |Sbroder Unit Trust Asian Inc||9,750 units||29/05/2020|56.61| ||ll|||28/08/2020|87.69| |||||30/11/2020|104.90| |Schroder|Unit Trust Gbl Cities|16,509.59 units||20/11/2020|172.21| |Standard|Life Inv European Equity|22,750units||30/04/2020|82.06| ||11|||31/07/2020|313.11| |||||30/10/2020|211.96| |TBailey|Evenlode Income|4,500 units||30/04/2020
31/07/2020|108.84
59.69| |||||30/10/2020|59.71| |||||29/01/2021|59.72| |Vanguard
Fundsmith|Inv FTSEUK
LLP Equity|55units
4,950units||31/12/2020
28/08/2020
26/02/2021|166.66
69.64
33.85| ||||||7948.88| |Property|Income Distribution||||| |Standard|Life Inv Prop|9250Ord lp shares||29/05/2020|88.06| |||||28/08/2020|66.05| |||||30/11/2020|66.05| |||||26/02/2021|66.05| ||||||286.21| |Total UK Dividends|||||17166.16| ## |Gam Star Fund Credit|Gam Star Fund Credit|Opp|1,950units| |---|---|---|---| ||||I| |Ishares Core|UK gilts|UCT|1,500 units| |Ishares Ibex|GBCorp||155units| |Muzinich Funds Gbl Tactical Cred|||386.45 units| |||II|It| |Punco Global Select UK Income|||2,720units| |||II|II| |Twentyfour|Corporate|Bond|400units| ||||It| |Date||Interest| |---|---|---| ||30/04/2020|203.97| ||30/07/2020|183.89| ||30/10/2020|208.26| ||29/01/2021|201.05| ||27/05/2020|116.70| ||25/11/2020|94.50| ||24/06/2020|132.59| ||30/09/2020|131.67| ||23/12/2020|128.63| ||24/03/2021|124.08| ||09/06/2020|650.74| ||08/12/2020|576.30| ||30/04/2020|84.33| ||29/05/2020|84.33| ||30/06/2020|84.33| ||31/07/2020|84.33| ||28/08/2020|84.33| ||30/09/2020|84.33| ||30/10/2020|84.33| ||30/11/2020|84.33| ||31/12/2020|84.33| ||29/01/2021|84.33| ||26/02/2021|84.33| ||30/04/2020|324.49| ||31/07/2020|313.84| ||30/10/2020|308.21| ||29/01/2021|303.61| |||4930.16| |Foreign Dividends|Foreign Dividends|Foreign Dividends||Date||Dividend| |---|---|---|---|---|---|---| |Novartis AG|||135units||08/03/2021|203.44| |SSGA SPDREFTS|||740 units||30/06/2020|188.96| ||||||29/09/2020|190.12| |Standard Life Inv Prop
The Renewables
Inf|||9,250 1p shs
8,000units||29/05/2020
30/06/2020|22.02
135.20| ||||||30/09/2020|135.20| ||||||31/12/2020|135.20| ||||||31/03/2021|135.20| |Vanguard|Funds|S&P500|2,445 units
u||08/04/2020
24/06/2020|562.65
384.69| ||||||07/10/2020|474.41| ||||||30/12/2020|383.02| ||||||31/03/2021|423.73| |Vanguard|Funds|FTSEDev Europe|400units
lt||08/04/2020
24/06/2020|37.26
90.63| ||||||07/10/2020|61.37| ||||||30/12/2020|34.28| ||||||31/03/2021|34.10| |Xtrackers|MSCI|ESG|7250 units||27/04/2020|485.52| |||||||4117.00| |Gross UK Fixed Interest||||||| |HICL Ini'rastructure|||11,000 Ord||30/06/2020|88.80| ||||||30/09/2020|126.90| ||||||31/12/2020|133.69| ||||||31/03/2021|190.34| |||||||539.73| |Bank Interest||| |---|---|---| |NatWest Business Reserve||5.32| |Brewin Dolphin Deposit Account||11.95| |||17.27| |Realised losses and gains on fixed asset investments||| |Loss on Saleof4500BTGroup||(5,510.96)| |Loss on Sale of145Concept X-Trackers Russell||(1,504.77)| |Loss on Sale of3500D S Smith||(5,248.40)| |Profit on sale of2250 Fundsmith
LLP Equity Instl Acc NAV||188.77| |Loss on Sale of1500HSBCHoldings||(3,854.74)| |Loss on Sale of1150MI||(2,705.83)| |Loss on Sale of20000Lloyds||(14,562.41)| |Loss on Sale of2720Pimco Global||(1,441.60)| |Profit on Saleof460 Prudential||33.79| |Loss on Sale of9750 Schroder Unit Trusts|Asian Inc|(969.15)| |Loss on Sale of740SSGASPDRUS Aristocrats||(2,051.46)| |Profit on sale of22750 St.Life/ Aberdeen|European Equity|924.70| |||(36,702.06)|