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|Report ofthe trustees||1-4|
|Independent
examiners|report||
|Statement offinancial|activities||
|Balance sheet|||
|Notes to the financial statements||8 —15|
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||||Endowment|Unrestricted|2022|2021|
|---|---|---|---|---|---|---|
|||Note|Funds|Funds|Total|Total|
|Income and endowments|||||||
|Investments||||26,362|26,362|21,930|
|Expenditure|||||||
|Cost ofgrant making|||||||
|- Royal Naval Benevolent||Trust for|||||
|Pembroke
House, Gillingham||||(14,860)|(14,860)|(21,000)|
|- Hospital
of Sir John Hawkins||||(12,000)|(12,000)|(8,500)|
|- Mission to Seafarers||||(5,000)|(5,000)|(5,000)|
|||||(31,860)|(31,860)|(34,500)|
|Charitable
activities|||||||
|-Trustees expenses||||(500)|(500)|(500)|
|- Bank charges|||||||
|- Independent
examiner's|fee|||(1,479)|(1,479)|(1,400)|
|Cost of raising funds|||||||
|- Investment
management||costs|(7,245)||(7,245)|(6,950)|
|Total expenditure|||(7,245|33,839|(41,084)|(43,350)|
|Net income/(expenditure)||before|||||
|gains and losses on investments|||(7,245)|(7,477)|(14,722)|(21,420)|
|Net gains and losses on||investments|47,437||47,437|165,475|
|Net movements
in funds|||40,192|(7,477)|32,715|144,055|
|Total funds brought forward|||854,224|17,653|871,877||
|Total funds transferred|from Medway||||||
|Mission to Seamen Trust||||||727,822|
|Total funds carried forward|||894,416|10,176|904,592|871,877|
##
|Balance sheet|Balance sheet||||||
|---|---|---|---|---|---|---|
|For the year|ended 5 April 2022||||||
||||||2022|2021|
||||Note|Total||Total|
|||||||F|
|Fixed assets|||||||
|Investments|||3|860,423||838,662|
|Current assets|||||||
|Cash at bank|||4||47,519|36,448|
|Current
liabilities|||||||
|Creditors|||5|(3,350)||(3,233)|
|Net current assets|||||44,169|33,215|
|Total assets||||904,592||871,877|
|Represented|by||||||
|Endowment|funds||||||
|Capital fund|||7|894,416||854,224|
|Unrestricted|funds||||||
|Income and expenditure||account|8||10,176|17,653|
|||||904,592||871,877|
|Approved
by|the Board|ofTrustees|on 24th November||2022 and signed on its||
|behalf by|||||||
|Trustee|||Trustee||||
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|3) Investment
Income|3) Investment
Income|||
|---|---|---|---|
|||2022|2021|
|Dividends|||21„'QQ|
|4) Investment
Summary||||
|||2022|2021|
|||E||
|Market value 6 April|2021|838,662|660,885|
|Acquisitions||82,603|94,227|
|Disposals at opening|market value|(100,902)|(67,748)|
|Net gains on revaluation||40 060|151295|
|Market value 5 April|2022|||
|Historical cost 5 April|2022|||
##
|The Medway
Mission|The Medway
Mission|to Mariners||||
|---|---|---|---|---|---|
|Notes to the financial||statements||||
|For the year ended 5April 2022||||||
|5)Cash at Bank||||||
|||||2022|2021|
||||||F|
|Current account||||9,819|17,221|
|Charles Stanley|deposit|||37700|19227|
|6)Creditors||||||
|||||2022|2021|
|Accruals||||||
|7) Endowment|Funds|||||
|||||2022|2021|
|||||E||
|Capital Fund||||||
|Balance brought|fowvard 6 April 2021|||854,224||
|Transfer from Medway||Mission to Seamen Trust|||695,699|
|Gains on sales|of investments|||7,376|14,177|
|Revaluation
of investments||||40,060|151,298|
|Brokers fees
Exchange loss on sale/acquisition|||of investments|(7,244)|(6,781)
~169|
|Balance carried|forward|5 April 2022||||
|8) Unrestricted|Funds|||||
|||||2022|2021f|
|income and expenditure
account||||||
|Balance brought|forward 6 April 2021|||17,653||
|Transfer from Medway||Mission to Seamen Trust|||32,123|
|Deficit for the year||||~7477|(1447DI|
|Balance carried|forward|5 April 2022||||
##
##
|9)Analysis
of n|et as|sets betw|een
fund|s|||
|---|---|---|---|---|---|---|
|||||Endowment|Unrestricted|Total|
|||||Funds|Funds||
|||||||F|
|Fund Balances|at 5 April 2022||are||||
|represented
by|||||||
|Investments||||860,423||860,423|
|Current assets
Current
liabilities||||35,743
~1750|11,776
~1600|47,519
~3350|
|Total net assets|||||||
|Unrealised
gains included
above|||||||
|On investments||||242 904||242 904|
|Total unrealised|gains|at 5 April|2022||||
|Reconciliation|ofmovements||in||||
|unrealised
gains on||investments|||||
|Unrealised
gains|at 6|April 2021||208,637||208,637|
|In respect ofdisposals||||(5,793)||(5,793)|
|Gains on revaluations||in the year||40 060||40 060|
|Unrealised
gains|at 5|April 2022|||||
##
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|||||||NOTES TO THE|FINANCIAL STATEMENTS|FINANCIAL STATEMENTS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||FOR THE YEAR|ENDED 5TH APRIL 2022|||||||||||
||||||||(continued)|||||||||||
|2) INVESTMENT SUMMARY||||||||||||||||||
|||||Market|value|Acquisitions|Disposals|Profit/(loss)|Change|in||Market value|Book value|Income|Book value||Income|
|||||2021|||||Valuation|||2022|2022|2022|2021||2021|
|||||f|||||f|||f|f|f|f||f|
|Accenture
PLC||||||||||||||||||
|115US$0.000025 A shares|||||23.273||11,238.55|3,143.54||4,422||19,600.07|7,618.26|209.46|11,681.33||219.45|
|American Tower|Corpn|||||||||||||||||
|75 US$0.01 Common stock|||||13,206|||||1,815||15,020.85|11,909.43|239.24|I 1,974.00||0.00|
|Baillie Gi(ford &|Co|||||||||||||||||
|330Japanese Small Companies|||BNav Units||20,057|||||(5,013)||15,044.70|21,170.63|0.00|21,154.88||0.00|
|Blackrock Fund Managers||Ltd||||||||||||||||
|24,792.70 Continental
Europe|||Income D Units||43,263|||||1,052||44,315.54|29,956.21|1,392.45|29,956.21||1,149.90|
|Compass Group||||||||||||||||||
|885Ords 0.1105|||||13.231||13,495.83|265.08|||||0.00||14,901.57||0.00|
|Diageo PI.C||||||||||||||||||
|880 Ordinary
28p 101/IOS||shares|||26,462||11,463.85|2,593.20||5,689||23,280.08|2,772.67|638.44|4,|170.86|614.95|
|First Trust Global|Funds|||||||||||||||||
|1,330US Equity|Income UCITS ETFA USD||||28,139|||||3,540||31,679.46|24,718.32|862.04|24,718.32||555.28|
|FRP Advisory
Group PLC||||||||||||||||||
|13,285 Ordimuy|Ip shares|||||17,473.43||||(1,199)||16,274.13|17,473.43|106.28||0.00|0.00|
|Genuit Group PLC||||||||||||||||||
|2,330Ordinary|O.Ip shares||||13,211|||||(1,829)||11,382.05|12,524.36|205.04|12,524.36||0.00|
|Glaxo Smithkline|PLC|||||||||||||||||
|1,410Ordituuy|25p shares||||18,014|||||||24,023.58|10,427.38|1,128.00|10,427.38||1,128.00|
|Home Reit PLC||||||||||||||||||
|26,000f0.01Ords|||||29,640|||||2,964||32,604.00|26,230.00|637.52|26,230.00||215.80|
|Hill &Smith||||||||||||||||||
|83925p Onls|||||12,350||||||151|12,501.10|10,397.17|247.51|10,397.17||77.19|
|Intertek Group||||||||||||||||||
|'250 Ip Ords|||||14,300|||||(1,085)||13,215.00|15,716.67|264.50|15,716.67||0.00|
|International
Flavours & Fragrances||||||||||||||||||
|110Common Stock $0.125||||||||||||0.00|0.00|49.72||0.00|163.00|
|CC Japan Income|&Growth Trust|||||||||||||||||
|12,158f0.01 Ords||||||||||||0.00|0.00|||0.00|170.21|
|Carried forward|||||255,146|17,473.43|36,198.23|6,001.82|16,517.12|||258,940.56|190,914.53|5,980.20|193,852.75||4,293.78|
|||||||||-13-||||||||||
##
|2) INVESTMENT SU|M|M|ARY|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Market|value|Acquisitions|Disposals|Profit/(loss)|Change in|Market value|Book value|Income||Book value|Income|
|||||2021|||||Valuation|2022|2022|2022||2021|2021|
|||||f|||||||f|f||f||
|Brought forward|||||255,146|17,473.43|36,198.23|6,001.82|16,517|258,940.56|190,914.53|5,980.20||193,852.75|4,293.78|
|Johnson R Jolmson||||||||||||||||
|160Connnon
stock $1|||||18,803||||2,$45|21,647.92|15,143.95||421.27|15,143.95|410.70|
|Kion Group AG||||||||||||||||
|294 Ords|||||21,304||||(6,661)|14,643.67|16,592.90||75.72|16,592.90|6.97|
|Matthews
International|Funds|||||||||||||||
|2,689.88Asia Dividend||IGBP Dist units|||54,793||||(6,644)|48,148.85|34,999.99|1,252.03||34,999.99|792.18|
|JP Morgan FIobal Emerging|||Markets Income Trust|||||||||||||
|15,550f0.01Ords||||||23,448.24|||(2,456)|20,992.50|23,448.24||637.55|0.00|0.00|
|National
Grid||||||||||||||||
|2,209Ordinmy
12.431289p shares|||||19,075||||7,676|26,750.99|14,526.23|1,090.58||14,526.23|1,082.41|
|Nextera Energy Inc||||||||||||||||
|380Common stock 80.01|||||21,001||||3,9$1|24,982.67|12,964.47||375.17|12,964.47|346.41|
|Phoenix Group Holdings||PLC||||||||||||||
|2,025 Otrdinary
10p shares||||||13,901.94|||(1,270)|12,631.95|13,901.94||4$8.03|0.00|0.00|
|Reckitt Benckiser Group||PLC||||||||||||||
|220 Ords f0.10|||||14,293||||(1,186)|13,107.60|13,377.14||384.12|13,377,14|384.12|
|Relx PLC||||||||||||||||
|615f0.1444 Ords|||||11,285||||3,752|15,036.75|5,536.98||293.36|5,536.9$|425.51|
|Rio Tinto||||||||||||||||
|350Ordinary
10pshares|||||19,180||||2,240|21,420.00|11,583.18|2,424.56||11,583.18|1,040.24|
|Royal Dutch Shell
1310"B"shares 0.07Euni|||||17,494||||10,291|27,785.10|14,422.94||864.35|14,422.94|518.33|
|Schroeder Unit Trusts||||||||||||||||
|27,345.97Asian Income||Maximiser Z Dis|||14,564||||(366)|14,198.03|15,913.07|1,054.65||15,913.07|947.75|
|Schroeder Unit Trusts||||||||||||||||
|46,875US Equity Income|||Maximiser Z Dis||28,458||||3,572|32,029.69|25,203.25|1,528.83||25,203.25|1,377.43|
|Smiths (DS)||||||||||||||||
|4,020 10p Ords|||||16,627||||(3,779)|12,847.92|15,724.71||486.42|15,724.71|0.00|
|TBailey Fund Services||||||||||||||||
|10,250.534TBEvenlode||Income C Dis Units|||23,290||24,484.64|1,194.40||0.00|0.00||315.17|24,852.09|655.94|
|Vodafone Group PLC||||||||||||||||
|10,334Ordinary 80.2095238 shares|||||13,812||||(845)|12,967.10|10,005.61||784.62|10,005.61|832.99|
||||||549,127|54,$23.61|60,682.87|7,196.22|27,667.44|578,131.30|434,259.13|18,456.63||424,699.26|13,114.76|
|||||||||- 14-||||||||
##
|2)INVESTMENT SUMMARY|2)INVESTMENT SUMMARY|2)INVESTMENT SUMMARY||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Market|value|Acquisitions|Disposals|Profit/(loss)|Change|in||Market value|Book value|Income||Book value|Income||
||||||2021|||||Valuation|||2022|2022|2022||2021|2021||
||||||f|||||f|||f|f|f|||f||
|Global Investment
Funds||||||||||||||||||||
|BNY Mellon Fund Managers||Ltd||||||||||||||||||
|24,143.55 Units Real Return||Instl W GBPDis||||27,743||||||(99)|27,644.36|24,785.75||475.10|24,785.75||561.52|
|Charities
OIFtcial Investment||Fund||||||||||||||||||
|2,230.43 Income shares||||||39,984|||||4,048||44,031.59|6,709.92|1,191.26||6,709.92|I,|167.84|
|Foresight Group Global Real||Intrastructure||||||||||||||||||
|20,680 Units|||||||27,779.33|||||416|28,195.11|27,779.33||0.00|||0.00|
|Ninety One Fund Managers|UK|||||||||||||||||||
|23,838.729 Units Diversified||J2 Income||||24,132|||||(I,|159)|22,973.38|24,958.28||858.54|24,958.28|919.00||
|International
Public Partnemship||||||||||||||||||||
|16,295 lp Ord shares||||||27,408||||||521|27,929.63|21,506.13|1,215.61||21,506.13|I,|184.65|
|Maitland
Institutional
Services Ltd||||||||||||||||||||
|49,109.4427 Units Charles||Stanley|Monhly|High Income||47,417||47,596.05|179.51||||0.00|0.00|1,325.97||49,845.08|1,931.99||
|Polar Capital Funds||||||||||||||||||||
|6321.5007 Units Global Insurance|||E|||36,534|||||6,978||43,512.79|12,902.74||540.49|12,902.74||557.56|
|RITCapital Partners||||||||||||||||||||
|1,265 Ordinary fI shares||||||30,297|||||1,771||32,067.75|13,572.36||445.92|13,572.36||680.76|
|Schroeder Unit Trusts||||||||||||||||||||
|29,858.7315Strategic Credit L Dis||||||28,784|||||(1.311)||27,473.03|29,727.12|1,270.28||29,727.12|1,241.35||
|||||||262,299|27,779.33|47,596.05|179.51|11,166.07|||253,827.64|161,941.63|7,323.17||184,007.38|8,244.67||
|Fixed interest securities||||||||||||||||||||
|Treasury
2'/~% Index Linked||Stock|2024|||||||||||||||||
|f7,640 Stock||||||27,237|||||1,227||28,463.58|21,318.30||582.17|21,318.30||570.25|
|||||||27,237|0.00|0.00|0.00|1,226.98|||28,463.58|21,318.30||582.17|21,318.30||570.25|
|SUMMARY||||||||||||||||||||
|Equities||||||549,127|54,823.61|60,682.87|7,196.22|27,667.44|||578,131.30|434,259.13|18,456.63||424,699.26|13,114.76||
|Global Investment
Funds||||||262,299|27,779.33|47,596.05|179.51|11,166.07|||253,827.64|161,941.63|7,323.17||184,007.38|8,244.67||
|Fixed Interest Securities||||||27,237|0.00|0.00|0.00|1,226.98|||28,463.58|21,318.30||582.17|21,318.30||570.25|
|||||||838,662|82,602.94|108,278.92|7,375.73|40,060.49|||860,422.52|617,519.06|26,361.97||630,024.94|21,929.68||
||||||||||15-|||||||||||