2022-04-05-accounts - The Mclay Dementia Trust

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		Page
Legal and administrative	information
Trustees' report		2-4
Independent examiner's	report
Statement offinancial activities
Statement offinancial position
Statement ofcash flows
Notes to the accounts		9-14
Schedule ofinvestments		15-23

				2022	2021
			Notes	8
Income
Donations and legacies				213,212
Investments				3,816	6,627
Other income				(58)	148
Total income				216,970	5,773
Expenditure
Raising funds				3,000	3,015
Charitable activities				219,236	135,254
Total resources expended				222,236	138,289
Net expenditure before Investment		profits		(5,266)	(132,498)
Net profits on investments				19,209	52,958
Net movement	ln funds			13,943	(79,540)
Fund balances	at8April 2021			22?,548	307,088
Fund balances	at8April 2022			241,491	227,548

							2021
				Notes
Ffxed assets
lnvestrnents						200,998		234,222
Current assets
Debtors					49,627		860
Cash at bank	end ln	hand			287		187
					49,794		817
Creditors: amounts		fatting	due wfthfn	14
one year					(9,301)		(7,491)
Net current assets/{llabitltles)						40,493		(8,874)
Total assets	less current llabllltlss					241,491		227,648
lncorne funds
Unrestricted	funds					241,491		227,648
						241,491		227,648
The accounts	were	approved	by the Trusts~a on „~+,'.....„,.+.
				M MLJ&
Rathbones Trust Company			t.fmtted	Mrs Sitz«	Duggan		Nlr Roger Duggsn
Trustee				Trustee			Trustee

					2022		2021
				Notes			8
Cash ftows from operating		activities
Cash absorbed by operations						(56,149)		(138,317)
investing	activities
Purchase	ol investments				(342,85S)		{3,990)
Proceeds	on disposal ofinvestments				369,408		123,26Q
Dividends	and interest received				3,818		5,627
Net cash	generated from	Investing
activities						30,368		124,897
Net decrease in cash and		cash equivalents				(25,781)		(13,42Q)
Cash and	cash equivalents	at beginning	ofyear			29,894		43,314
Cash and	cash equivalents	at end of	year	17		4,113		29,894

6	Other income
							2022	2021
							6
	Accrued interest						(58)	146
8	Raising funds
								2021
	investment management		fees				3,000
7	Grants payabis
							2022	2021
							6	E
	Grants to institutions:
	Education						10,000
	Elderly							26,000
	Medical 8 Hospices						66,000	30,827
	Music 8 Theatre						85,144	21,000
	General Charities						62,147	51,114
							213,29'l	130,941
8	Suppartcosts
				Support	Governance	2022	2021 Basis of
				casts	costs		allocation
				f.	6		6
	Trust management	fee			5,400	5,400	3,600 Governance
	Advisor fee				645	545	714 Governance
					5,945	5,946	4,314

(Loss) / gain on revs)uation	ofinvestments	(1,520)	32,403
Gain on sale ofinvestments		20,729	20,553
		19,209	52,958

							Listed	Cseh ln	Total
						investments		portfolio
							E	8
Coat or valuation
At 5April 2021							204,495	29,727	234,222
Additions							342,858		342,858
Realised gain							20,729		20,729
Unrealised gain							{1,521)		(1,521)
Cash available	to invest							(25,882)	{25,882)
Disposals							(369,4Q8)		(369,408)
At 5April 2022							197,'l53	3,845	200,998
Investmsnte representing			more	than 5%ofthe portfogos		total	market value:
lnvastrnen't						Units	IIarket Value	%of	Total Ititarkst
							E		Value
Aberdeen Standard		Fund	Mangers	Bond S	23,000		14,196		7,18%
Brown Advisory	Funds US Sustainable					620	11,223		5.68%
Legg Mason Investments			ireland			80Q	15,775		8.00%
Treasury 0,375%22.10.2026					13,000		12,343		6,28%
								2022
Listed investments								197,153	204,495
Cash in investment		portfolio						3,845	29,727
								200,998	234,222
Historic cost of	Investments							181,365	165,305

12	Fixed asset investments	Fixed asset investments	Fixed asset investments			(Continued)
13	Oebtors: amounts		falling due within one year
						2021
						8
	investment	proceeds receivable			49,048
	Prepayrnents	and accrued		income	481	850
					49,527	850
14	Creditors: amounts		fslgng due within one year
						2021
	Trust management		fee		8,400	6,800
	investment	management		fee	760	760
	Advisor fee				151	141
					9,301	7,491

						2022
						f.
6urplusf(deficit)	for the		year			13,943	(79,540)
Adjustments for:
Investment Income recognised				in statement offlnanciai	activities	{3,818)	(6,627)
Gain on disposal	of	investments				(20,729)	(20,553)
Fair value gains	and	losses on		investments		1,520	{32,403)
Movernenis in working			capital:
{Increase) in debtors						(48,877)	(146)
Increasel(decrease)		In	creditors			1,810	(48)
Cash absorbed	by	operations				(58,149)	(138,317)

17	Cash and cash equivalents	Cash and cash equivalents
			2022
			E
	Cash at bank and In hand		267	167
	Cash available to invest		3,845	29,727
			4,112	29,894
18	Donations made during	the year
	CSSO			15,000
	Chipping Norton Theatre			2,000
	Concerts in Care Homes			10,000
	Daybreak			10,000
	Dementia Carers Count			15,000
	Engage Here			4,988
	Eric Uddell			23,250
	Garden House Hospice Care			15,OO0
	Glasgow Ufe			18,909
	tytanchester Camerata			28,144
	My Life Films			15,000
	Nordolf Robins			10,000
	Opera North			5,000
	St Ciare's Hospice			10,000
	StGeorge's Hospital			9,000
	StJoseph's Hospice			12,000
	University ofStrathclyde			10,000
				213,291

			Holding	Holding	Market	Value	Additions				Realised	Unreafised	Unreafised	Holding	Holding	INarket Value	Gross income
		6Apnl		2021	6April 6	2021	ttuanifty	Cost 6			Profitl(toss)	P	tittgoss}	5Apnf f	2022	5Apn7 2022	F
Daunted Phaims
Ordinary	GBP0.01
				90		3,098			55	2,871	978						21
																	10
Diageo
Ordfnary	28.935185p
							2212		1,740	65,280	3,275
Digital 9I~re		Pfc							280	10,913	935
Ordinary	No Par Value
															2,595	2,888
European	Investrnert	Bank
2.5% Bds31/10r2022GBP100'1962tototy
				'11,500		11,928			4,O00		(40)		(252)		7,500
Experian	pfo
Ordinary	LfSD0.10shares
						3,819
Fdrn Group~)Pfc Ordinary GBP0.01
													(488)
Findfay Park USSmatter Cos			Fd
US SmsHw Dos
									344	50,464	4,078

				Holding 6April 2021	Holding 6April 2021	Holding 6April 2021	laarket Value 6April 2021	Quantity	Cost	Disposals Quantity P~	Disposals Quantity P~	Unrevised Protttrposs)	Holding isApni 2022	iaarket 5April	Value 2022	Gross Income
									F		6	5	F	5
First Senlier Invrs			(Uk)	Fds	Ltd
Stewart Invrs Asia			Pac	Suet	8GBPAcc
												(182)	280		2,227
Fund Partners		Ltd
Im Wheb	Sustainabillty			8Acc Nav
						4,500					3,25l				6,848	28
Genult Group		Plc
Ordinary GBP0.001 ~from Polypipe				Group Pic~GBP0.001on				07r04r2021
						690	3,912									33
												(189)				10
Greencoat UKVr(nd PLC
Ordinary	1p shares
							4.788				2,002					66
																66
																39
																43
Helms
Onfinary	10p
						150	3,657									16
																4
Henchmen	Global		Investom
Gb( Cere	Growth		I Inc
										500	2,729					6
										375	2028	421	925		5,014	10

		Holding	Holding	atarket	Value	Additions		Dispceals	Dispceals	Realised	Unrealised	Holding	Market Iratue	Gross income
		6April	2021	6April	2021	Quantity	Cost	Quantity	Proceech	Protitr(loss)	Profdr(loss)	5April 2022	5Apnl 2022
				5					5	5				5
Hikma Pharrnaceu5cals
Ordinary	GBPO.10
														24
											(139)			'I3
irnpax Emrironmenuu		Markets
Ordinary	10p
					7,514			1,000		524				22
														11
Intertek	Testing
Ordinary	GBP0.01
						75	3,871					75	3,965
						2,517	84,401	1,533	55.173	3,768
										1,986
Kaines Capital
Ethkad Corp Band BInst!IncNsv
			15,000		16,074	12,518	13517	11000	12080	272				96
							{2?)	7,100	7,165	(476)				96
														24
											(667)	9,4'I8		69
IOaditareatt Fur Iitatdemufbau 0.87559 Gtd Bnr Emtnt~			GBP1000
						10,000					(489}	10,000

	Holding	Market	Valve	Adrfifions		Dispose	is	Reafised	tlnreafised	Holding	Market Value	Gross income
	8Apnl 2021	6Apn1	2021	{3uantity	Cost	{2uantity	Proceeds	Profiti{loss)	Profitl(loss}	5April 2022	5April 2022
		8					f.		f.			f.
Legal 8~Group
Ordinary 2.5p
												101
									(86)	800	2,182	41
Legg Mearalmr~ Q~ US Eq Suet	)reland Ltd Ldrs S GBPAre			105	16,954				(1,179)	105
Lombard Odier Funds (Europe) Sa
Global Cfimate Bd N GBPSgs Hgd Ois
			4,116					328
										250	1,?18
												2?9
Na5xis lmestrnem~ln8												41
Global Green Bond Hsia	GBPCap
				23	2,318				(193)

		Holding	Holding		ktarket Value	Additions		Dieposals	Dieposals	Reatkred	Vnrealised	Holding	Itkrrket Value	Gross Income
		6April	2021		6Apdl 2021	Quandty	Cost		Proceeds	Protttfgoss)	Profit((loss)	SApril2022	SApril2022
										8				8
Octopus Renswables	lrfra	tructure		pic
Ord 1p
														23
														8
														5
														15
														14
											142			6
Pictet Funds (Lux)
Vubter I OYDist
				10	3,853			5	2+47			5	2, 'I80
Plea& ForPeople Feartce Pic
445%Gtd Snr Bds 15/12I2023GBP100
			7,000					4,000	4.148	('l2)				149
											(45)	3,000	3,075	64
Rathbone Unit Trust	Management
Ethical Bond 8GBP	Dis
			9,377		9,912									82
														8'I
														46
											(790)	9,520	9,324	123
Rect Pic
GBP0.1444
				140	2,569				1,287					47
														20

	Holding	ifffarket Value	Additions		Ofsposafs	Ofsposafs	lfealised	Unrealised	HoMing	ffffarket	Value	Gross income
6April 202t		6Aprfl 2021	Quantity	Cost	Quantity	Proceeds	Prolitf(loss]	Pro8tf(foes}	5April2022	5April2022
							5	6		5
Smkh(Oavld S)
Ordfnwy GBP0,10
Spfrax~rco Engineering
Onfinary GBP0269230769
			25	4,030				(822)
SSE
Ordinary 50p
			215	3,561				303	2'l5		3,864	55
Treasury
2 1fPYa fff Stk2024
											3,726
United Kingdom(Government	Of)
0.125ya kfxffkd Bds 22l03Q026 GBPOA1
	4,000	5,348
								(738)	4,000		4,8'l 0
United Kingdom(Government	Of)
0.37' Bds 22f10/2026 GBP1000
			13,000					(464}

					2023	2023	2023	2022
				Notes	Unrestricted	Restricted	Total	Total
Income and	Endowments		from	2
Donations	and Legacies				331,995		331,995	154,586
Charitable	Activities							71,062
Other Trading Activities					91,645		91,645	67,733
investments					49,?32		49,732	44,785
Grants (incl Coronavirus			grants):					145,827
Other					72,192		72,192	67,120
Total					545,564		545,564	551,113
Expenditure	on
Support Costs/Raising		Funds			41,758		41,?58	37,378
Charitable	Activities				515,433		515,433	419,129
Total					557,191		557,191	456,507
Net incoming/(outgoing)		resources
before transfers					(11,627)		(11,627)	94,606
Net gains on	investments				(189,136)		(189,136)	30,865
Net movement in funds					(200,763)		(200,763)	125,471
Funds at 1 April					2,561,670		2,561,670	2,436,199
Funds at 31	March			10	2,360,907		2,360,907	2,561,670