## **The Three Squirrels Trust CIO** 

Registered Charity Number 1185828 

## **Report and Financial Statements** 

## for the period from 5[th] April 2021 to 5[th] April 2022 

Trustees: Mr. C. W. Humphreys Mrs P. M. Humphreys 

Office: Hazel End Farm Hazel End Bishop’s Stortford CM23 1HG 

Stockbrokers: Smith & Williamson 25 Moorgate London EC2R 6AY Solicitors: HCR Hewitsons 50 - 60 Station Road Cambridge, CB1 2JH 

## **Trustees’ Report** 

On  15[th] October  2019,  the  Charity  was  entered  onto  the  Register of Charities with the Registered Charity Number 1185828. The Charity is a CIO established for general charitable purposes. 

The  Trustees  have  decided  that  it  is  appropriate  for  the  Charity  to prepare its accounts on a receipts and payments basis as it is not classed as a company and its annual income is below £25,000. Its resources derive from a single gift of £100,000, on 9 December 2019, which is invested  in marketable  securities  under  the  management of  Smith  & Williamson. 

During the year to 5 April 2022, the financial climate deteriorated and no distributions  were  made  to  allow  the  balance  on  Income  Account  to recover. There were no expenses in the period apart from brokers’ fees of £531. 

The  Principles and Procedures of the Trust as adopted on 18 October 2019 remain unchanged. 

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As to risk management, the Trustees consider that the performance of the charity’s investments constitutes its main risk. The portfolio is spread over  24  separate  investments,  with  a  wide  geographical  coverage. However, in the longer term it is the Trustees’ intention to limit grants to available income except where special circumstances arise and, with that in mind, the brokers have been asked to adjust the portfolio with a view to improving the yield. 

Dated 29 January 2023 

Signed: Petronella Humphreys Trustee 

**The Three Squirrels Trust CIO** Registered Charity Number 1185828 

## **Capital Statement as at 5th April 2022** 

|6.4.21  Opening Value||108,590|
|---|---|---|
|5.4.22<br>Closing Value|||
|Represented by<br>Cash|15,422||
|Bonds & Equities (22 holdings)|92,394||
|Closing value||107,816|
|Loss for year||774|
|**Income Account to 5th April 2022**|||
|Defcit brought forward||(5,897)|
|Dividends and interest|1,538||
|Less Brokers’ charges including VAT|531|1,007|
|Defcit carried forward||(4,890)|



Note: No grants were made in the period covered by this statement. 

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