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2020-12-31-accounts

ANNUAL REPORTOFTHE TRUSTEES ANNUAL REPORTOFTHE TRUSTEES
For the year ended31December 2020
Full nameofCharity: The Gregson Family Foundation
Natureofgoverningdocument: Trust deed dated 24 January 2017
Registration Number: 1171351
Trustees: David Gregson
lan Topping
Thomas Eggar Trust Corporation Ltd
DirectorsofThomasEggarTrustCorporation Ltd:
Paula Caryn James
Craig Alexander Marshall
Darran Fawcett
Nick Rucker (resigned 31.12.2020)
Sarah Phillips
Andrew Parry
Caroline Shelton
James Pavey
Kelly Greig
Michael Taylor
Anthony Nixon
Registered Address: Riverside East, 2 Millsands, Sheffield, S3 8DT
Banker: Barclays Bank PLC, 74-75 East Street, Chichester, West Sussex.
P0191HL
Solicitors: Irwin Mitchell LLP, Thomas Eggar House,
Friary Lane, Chichester, West Sussex,P0191 UF
InvestmentManagers: Brewin Dolphin Limited, 12 Smithfield Street, London. EC1A 9BD
Independent Examiners Jones Avens Limited, 4 Dukes Court, Bognor Road, Chichester,
West Sussex.P0198FX
Operating Restrictions: Charitable objects according to the Law of England
Specificinvestmentpowers: Wide unrestricted powers given to the Trusteesin
the deed dated 24 January 2017 

05/08/2021

09/07/2021

Note
INCOME & EXPENDITURE
Donations and Legacies
6
Gross investment income
5
Total Incoming Resources
£
Resources expended
Charitable Activities
10
Investment management costs
12
Total Resources Expended
£
Other Recognised Gains/(Losses)
Realised (losses)/gainsonsale of investments
Unrealised gainsoninvestments
Net movementinfunds
Fund balance brought forward
Fund balance carried forward 31.12.20
£		 Year ended
31.12.20
425,000.00
17,603.21

442,603.21
23,275.00
3,589.68

26,864.68
(12,639.81)
107,809.22
510,907.94
593,886.35

1'104,794.29		 Year ended
31.12.19
11,051.09
11,051.09
16,100.00
1,277.15
17,377.15
266.73
64,142.01
58,082.68
535,803.67
593,886.35

3.FIXED ASSET INVESTMENTS
(Summaryofpages 14 to 19)
Quoted investments
Market value 31.12.19
Portfolio cash 31.12.19
Additions
lncrease/(Decrease)inportfolio cash
Disposals
Net unrealised gains
Quoted UK Investments
Quoted Non UK Investments
Cash heldonportfolio
Historic cost of quoted investments
£
£
£


Year ended
31.12.20
598,452.00
23,558.67
622,010.67
454,005.62
28,373.57
(96, 111.84)
107,809.22
1,116,087.24
1,051,662.00
12,493.00
51,932.24
1,116,087.24
893,999.00		 Year ended
31.12.19
79,764.86
79,764.86
536,736.00
(56,206.19)
(2,426.01)
64,142.01
622,010.67
420,255.00
178,197.00
23,558.67
622,010.67
534,312.00
4. Investments that represent greater than5%of the portfoliobyMarket Value Investments that represent greater than5%of the portfoliobyMarket Value
As at As at
Holding Quantity 31.12.20 31.12.19
Scottish Mortgage lnv Trust 5,360 65,070

GROSS INVESTMENT INCOME
Bank deposit interest
Barclays Bank Pic
Income from listed UK investments
Income from listed Non UK investments
Interest received from UK cash heldonportfolio
Brewin Dolphin Limited
£		 Year ended 31.12.20
Net
Tax recoverable
Gross
13.77
13.77
13,838.39
-
13,838.39
3,592.33
-
3,592.33
158.72
-
158.72
17,603.21
-
17,603.21
Year ended 31.12.19
Net
Tax recoverable
151.30
9,079.58
-
1,578.81
241.40
-
11,051.09
-		 Gross
151.30
9,079.58
1,578.81
241.40
11,051.09
-
17,603.21
11,051.09		 -

6.DONATIONS AND LEGACIES Year ended Year ended
31.12.20 31.12.19
David and Renee Gregson 425,000.00
£ 425,000.00
7. CASH Year ended Year ended
31.12.20 31.12.19
Barclays Bank Pic 9,937.05 11,075.68
£ 9,937.05 --1-1,075.68

Accrued expenses
Independent Examination fees
Grants payable
Manchester University
Teach First
The Difference
Sea ShepherdUK
Rainforest TrustUK
Young Minds
Safer London
Matt Hampson Foundation
Pro Bono Economics
9. CREDITORS: AMOUNTS FALLING DUE WITHIN FIVE YEARS
Grants payable
Manchester University
10. CHARITABLE ACTIVITIES
Grants payable (note 1 0)
ShareofGovernance Costs (note 12)
11. GRANTS PAYABLE
Teach First
The Difference
Sea ShepherdUK
Rainforest TrustUK
Young Minds
Safer London
Matt Hampson Foundation
Pro Bono Economics
Amazon Watch
The Sutton Trust
12. COST OF GENERATING FUNDS
Brewin Dolphin Limited
13. GOVERNANCE COSTS
Irwin MitchellLLP- Legal & Professional fees
Jones Avens Ltd - Independent Examiners fees
Bank charges
£
£
£
£
£		 As at
31.12.20
1,230.00
10,000.00

11,230.00
10,000.00
10,000.00
Year ended
31.12.20
16,000.00
7,275.00

23,275.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
4,000.00
2,000.00

16,000.00

3,589.68
Year ended
31.12.20
6,000.00
1,260.00
15.00
7,275.00		 As at
31.12.19
1,200.00
10,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
19,200.00
20,000.00
20,000.00
Year ended
31.12.19
8,000.00
8,100.00
16,100.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
8,000.00
1277.15
Year ended
31.12.19
6,900.00
1,200.00
8,100.00

Market value
31.12.19
Aberdeen Standard Eqty Inc TstPic
3,695 Ordinary £0.25
15,260.00
~Ordinary£0.25 bought 10.03.20
4,595
4,595 Sold 21.10.20
Alphabet Inc Cap Stk
13 Ordinary $0.001 shares
13,134.00
4 Ordinary $0.001 shares bought 10.03.20
17
Amazon Com Inc
9 Ordinary $0.01 shares
12,550.00
3 Ordinary$0.01shares bought 10.03.20
12
Artemis Fund Managers
24,000 Global Income I Dis
23,618.00
24,000 Sold 31.01.20
Ashstead Group
220 Ordinary £0.10 shares
5,311.00
145 Ordinary £0.10 shares bought 10.03.20
365
Baillie Gifford Shin
5,000 Ordinary £0.02 shares
8,990.00
3,600 Ordinary £0.02 shares bought 10.03.20
8,600
Baillie Gifford Positive Change B
7,440 Accumulation Units bought 03.02.20
2,520 Accumulation Units bought 11.03.20
9,960
BB Healthcare TRT
7,275 Redeemable 1p shares bought 21.10.20
Berkshire Hathaway Inc
85 Ordinary $0.0033 shares bought 31.01.20
25 Ordinary $0.0033 shares bought 10.03.20
110
BlackrockFMLtd
9,500 European DynamicFdInc bought 19.08.20
BNY Mellon Fund Managers Limited
13,670 Global Income Ins! W bought 03.02.20
reorganisation 19.05.20
15,247.71 Global Income U GBP Dis		 Gains/(losses)
Unrealised
Market Value
NetDividends
Tax
Acgusitions
Disposals
onDis[!osal
Gains/{losses)
31.12.20
Amount
Date Paid
Recoverable
214.31
27.01.20
192.14
27.03.20
3,017.00
238.94
28.06.20
238.94
25.09.20
11,650.30
(6,626.70)
3,871.27
4,780.73
21,786.00
4,353.57
11,685.43
28,589.00
22,981.60
(636.40)
15.73
05.02.20
122.28
11.09.20
3,009.72
4,228.28
12,549.00
4,977.24
8,994.76
22,962.00
14,780.96
4,797.92
14,464.12
34,043.00
12,315.74
597.26
12,913.00
14,667.60
3,886.42
102.98
18,657.00
19,343.00
4,493.00
23,836.00
106.12
29.05.20
24,724.42
57.00 E
207.77
31.08.20
138.78
30.11.20
17.58
24,685.00

Market value
31.12.19
Caledonia Investments
735 Ordinary £0.05 shares
23,006.00
175 Ordinary £0.05 shares bought 10.03.20
910-
Coca-Cola Co Com
325 USD 0.25 shares
13,575.00
.!Q2_USD 0.25 shares bought 10.03.20
425
Compass Group Pic
830 Ordinary £0.11 05 shares
15,687.00
270 Ordinary £0.1105 shares bought 10.03.20
1,100
Croda Inti
80 Ordinary £0.10609756 shares
4,096.00
65 Ordinary £0.10609756 shares bought 10.03.20
145
Diageo
456 Ordinary £0.28 shares
14,594.00
~Ordinary£0.28 shares bought 10.03.20
600
Edinburgh Investment Trust
2,685 Ordinary £0.25 shares
16,808.00
2,685 Sold 19.08.20
Experian pic
565 Ordinary $0.10 shares
14,419.00
160 Ordinary $0.10 shares bought 10.03.20
725
Fidelity Investment Services (UK) Limited
10,469.29 Moneybuilder Income I GBP
10,616.00
9,580.00 Moneybuilder Income I GBP bought 03.02.20
5,750.71 Moneybuilder Income I GBP bought 10.03.20
25,800.00
Findlay Park Funds Pic
267 American Sterling Gbp UHDG
27,923.00
~AmericanSterling Gbp UHDG bought 11.03.20
330		 Gains/(losses)
Acgusitions
Disposals
onDis(!osal
5,025.10
4,091.91
4,026.63
2,975.94
3,842.88
12,703.69
(4,104.31)
4,015.20
9,964.04
11.64 E
5,920.23
8.19 E
6,136.67		 Unrealised
Market Value
Net Dividends
Tax
Gains/{Losses)
llJ1dQ.
8.Jll.QJill!
Date Paid
Recoverable
122.01
09.01.20
404.95
06.08.20
(1,823.10)
26,208.00
120.12 f
01.04.20
118.89 f
01.07.20
113.33f
01.10.20
(623.91)
17,043.00
109.47 f
15.12.20
223.27
24.02.20
(4,720.63)
14,993.00
73.23
28.05.20
57.28
01.10.20
2,492.06
9,564.00
124.99
09.04.20
254.82
08.10.20
(1,168.88)
17,268.00
171.84
28.02.20
171.84
29.05.20
253.73
31.07.20
62.73
31.01.20
188.96
24.07.20
1,698.80
20,133.00
29.38
26.01.20
30.07
26.02.20
42.63
26.03.20
65.08
26.04.20
867.56
27,348.00
71.98
26.05.20
72.27
26.06.20
69.89
26.07.20
66.72
26.08.20
69.17
26.09.20
71.05
26.10.20
68.96
26.11.20
68.94
26.12.20
0.59 F
07.01.20
4,204.33
38,264.00

Market value
31.12.19
First Sentier Investments (UK)
5,100 Stewart lnv Asia Pac Ldrs B
12,212.00
2,265 Stewart lnv Asia Pac Ldrs B bought 1 0.03.20
7,365
Glaxosmithkline
910 Ordinary £0.25 shares
16,189.00
255 Ordinary £0.25 shares bought 10.03.20
1,165
Intercontinental Hotels Group
240 Ordinary £0.208521303 shares
12,499.00
~Ordinary£0.208521303 shares bought 10.03.20
340
=
Intuit Inc
55 Com $0.01 shares bought 19.08.20
Jupiter Unit Trust Managers
23,670 Strategic Bond I Inc
15,580.00
14,850 Strategic Bondlinebought 03.02.20
38,520
reorganisation 17.02.20
38,514.25 Strategic BondZInc
8,785.75 Strategic BondZIncbought 10.03.20
47,300
Kane OY J SER'B'
308 NPV Shares
15,209.00
.!.!2_NPV Shares bought 1 0.03.20
425
Legal&General Group
4,830 Ordinary 2.5p shares bought 31.01.20
1,715 Ordinary 2.5p shares bought 10.03.20
6,545
Link Fund SolutionsLtd
8,285 TrojanIncomeSInc
17,006.00
2,290 TrojanIncomeSInc bought 11.03.20
10,575
Link Fund SolutionsLtd
4,100Trojan S Inc Nav
10,951.00
1,830 Trojan S Inc Nav bought 06.02.20
1,880 Trojan S Inc Nav bought 11.03.20
7,810
Liontrust Fund Partners LLP
970 UK Smaller Cos Inc
16,225.00
265 UK Smaller Cos Inc bought 10.03.20
1,235		 Gains/(Losses)
Acgusitions
Disposals
onDis12osal
5,031.09
8.43 E
3,993.74
4,019.84
13,033.31
9,966.53
5,960.05
17.57 E
4,995.89
14,752.44
4,000.05
4,033.23
4,987.72
4,995.42
4,098.80
11.13 E		 Unrealised
Market Value
NetDividends
Tax
Gains/(Losses}
31.12.20
Amount
~
Recoverable
23.54
31.03.20
110.28
30.09.20
4,478.34
21,713.00
172.90
09.01.20
209.30
09.04.20
221.35
09.07.20
(4,548.74)
15,634.00
221.35
08.10.20
(572.84)
15,946.00
21.25 f
19.10.20
2,252.69
15,286.00
116.65
31.03.20
238.98
30.06.20
556.99
32,046.00
252.30
30.09.20
259.82
30.12.20
318.44 f
05.03.20
5,119.11
25,324.00
827.29
04.06.20
322.67
24.09.20
(1,329.49)
17,423.00
351.63
31.03.20
219.91
30.09.20
(2,017.23)
19,022.00
30.92
31.03.20
72.31
30.09.20
1,399.86
22,334.00
58.35
30.06.20
3,398.33
23,711.00

Marketvalue
.llJb1.2
McDonald's Corporation
85 Ordinary $0.01
12,676.00
25 Ordinary $0.01 bought 10.03.20
110
Mercantile Investments Trust Pic (The)
7,930 Ordinary £0.025 shares
20,777.00
1,770 Ordinary £0.025 shares bought 10.03.20
9,70~
Microsoft Corp
135 Com $0.00000625 shares
16,050.00
30Com $0.00000625 shares bought 10.03.20
165
Montanaro European Smaller Cos Pic
850 Ordinary 50p shares bought 31.01.20
~Ordinary50p shares bought 10.03.20
1,365
MSIM Fund Mgmt Assia Opportunity_J_USD
585.00 Accumulation units bought 20.08.20
Murray International Trust
1 ,415 Ordinary £0.25 shares
17,829.00
National Grid
985 Ordinary £0.12431289 shares bought 31.01.20
~Ordinary£0.12431289 shares bought 10.03.20
1,400
1,400 Sold 21.10.20
=
Nestle CA
165 CHF0.10 (Regd) shares bought 19.08.20
Nike Inc
120 Class 'B ComNPVshares bought 21.10.20
Odey (CF)lnvFunds Conti European
5,730 Accumulation Units
10,260.00
5,730 Sold 19.08.20
---
Prudential
890 Ordinary £0.05 shares
12,896.00
265 Ordinary £0.05 shares bought 10.03.20
1,155		 Gains/(losses)
Unrealised
Market Value
NetDividends
Tax
Acgusitions
Disposals
onDisposal
Gains/{losses}
31.12.20
Amount
~
Recoverable
73.76 f
16.03.20
92.30 f
15.06.20
3,763.18
90.39f
15.09.20
827.82
17,267.00
89.14 f
15.12.20
107.06
03.03.20
247.35
15.05.20
3,999.80
130.95
03.08.20
(768.80)
24,008.00
130.95
02.11.20
47.80 f
12.03.20
56.49f
11.06.20
3,683.98
55.32f
10.09.20
7,096.02
26,830.00
58.05 f
10.12.20
98.96
15.09.20
9,994.11
4,967.61
7,595.28
22,557.00
18,256.78
2,341.22
20,598.00
169.80
19.02.20
(1,839.00)
15,990.00
247.63
15.05.20
169.80
14.08.20
169.80
19.11.20
448.00
19.08.20
9,983.21
4,017.54
13,073.00
(927.75)
15,209.66
(968.66)
14,241.00
20.66 f
29.12.20
11,999.47
419.53
12,419.00
79.77 A
29.09.20
79.77 A
9,444.81
(894.96)
240.70
15.05.20
48.16
28.09.20
3,005.21
(343.21)
15,558.00

Market value
31.12.19
Reckitt Benckiser Group Pic
180 Ordinary £0.10 shares
11,032.00
50 Ordinary £0.10 shares bought 1 0.03.20
230
Relx Pic
740 Ordinary £0.1444 shares bought 31.01.20
230 Ordinary £0.1444 shares bought 10.03.20
970
~
Rit Capital Partners
850 Ordinary£1shares
17,978.00
260 Ordinary£1shares bought 10.03.20
1,110
Royal Dutch Shell
575'B"Ordinary EUR0.07 shares
12,877.00
205"B'Ordinary EUR0.07 shares bought 10.03.20
780
-~
Ruffer Investments Red Ptg
4,750 £0.0001 Prf Shares
10,688.00
Sage Group
1,340 Ordinary £0.01051948 shares bought 31.01.20
464 Ordinary £0.01051948 shares bought 10.03.20
1,804
1,804 Sold 19.08.20
Scottish Mortgage lnv Trust
4,500 Ordinary £0.05 shares
26,055.00
860 Ordinary £0.05 shares bought 10.03.20
5,360
Smith&Nephew
280 Ordinary $0.20 shares
5,131.00
~Ordinary$0.20 shares bought 10.03.20
465
Smithson Investment Trust Pic
770 Ordinary 1p shares bought 31.01.20
410 Ordinary 1p shares bought 10.03.20
1,180
Ssga SPDR ETFS E I SPDR S&P US Div Aristocrats
510 Units
22,963.00
225 Units bought 31.01.20
735		 Gains/(Losses)
Unrealised
MarketValue
NetDividends
Tax
Acgusitions
Disposals
onDisposal
Gains/{Lossesj
31.12.20
8..!!J2!!!!!
~
Recoverable
233.68
28.05.20
167.90
29.09.20
2,898.88
1,116.12
15,047.00
311.37
28.05.20
15,003.82
131.92
02.09.20
3,989.32
(1,606.14)
17,387.00
194.25
30.04.20
194.25
30.10.20
4,986.18
(42.18)
22,922.00
209.30
23.03.20
98.90
23.06.20
2,992.07
94.30
21.09.20
(6,046.07)
9,823.00
97.34
16.12.20
45.13f
27.03.20
1,805.00
12,493.00
45.13
f
09.10.20
149.01
02.03.20
9,960.12
106.98
12.06.20
2,994.24
13,504.67
550.31
99.70
01.07.20
77.72
04.12.20
4,990.71
34,024.29
65,070.00
86.77
06.05.20
51.48
28.10.20
2,976.41
(1,085.41)
7,022.00
10,056.56
4,972.70
5,148.74
20,178.00
192.48
f
31.03.20
187.69
f
30.06.20
10,009.32
188.84
f
29.09.20
(1,643.32)
31,329.00
217.32
f
31.12.20

Market value
31.12.19
The Renewables lnfrastucturePic
15,440 Ordinary NPV shares bought 31.01.20
3,800 Ordinary NPV shares bought 10.03.20
19,240
TR Property Investment Trust
3,200 Ordinary £0.25 shares
15,584.00
1,125 Ordinary £0.25 shares bought 10.03.20
4,325
Unilever Pic
315 Ordinary £0.031111 shares
13,704.00
70 Ordinary £0.031111 shares bought 10.03.20
385
United Kingdom (Govtof)0.125%IllGilt 03/2026
7,725 Stock
10,108.00
2,245 Stock bought 10.03.20
9,970
Visa IncComStk
100 Ordinary $0.001 shares
14,179.00
~Ordinary$0.001shares bought 10.03.20
130
Worldwide Healthcare Trust
390 Ordinary £0.25 shares
12,207.00
~Ordinary£0.25 shares bought 10.03.20
555
£
598,452.00		 Acgusitions
20,457.08
4,977.27
4,992.84
2,959.48
3,012.94
4,143.12
5,060.67
454,005.62		 Disposals
83,472.03		 Gains/(losses)
Unrealised
Market Value
Net Dividends
Tax
onDisposal
Gains/{Losses}
llJ1.,6Q
8..!:!:!.Q!!n!
~
Recoverable
256.30
f
31.03.20
325.16
f
30.06.20
325.16
f
30.09.20
(845.35)
24,589.00
325.16
f
31.12.20
166.40
07.01.20
380.60
04.08.20
(2,714.84)
17,862.00
109.37
18.03.20
139.14
04.06.20
142.37
09.09.20
245.52
16,909.00
144.22
20.11.20
7.02
22.03.20
7.09
22.09.20
198.06
13,319.00
19.89
f
03.03.20
26.13
f
02.06.20
25.80
f
01.09.20
2,460.88
20,783.00
26.14
f
01.12.20
25.35
09.01.20
102.68
16.07.20
3,406.33
20,674.00
(12,639.81)
------nl7,809.22
1,064,155.00
17,430.72
0.00
A=Accumulated dividend
f=foreign dividend
E=Equalisation payment