The Three Squirrels Trust CIO
Registered Charity Number 1185828
Report and Financial Statements
for the period from 6[th] April 2023 to 5[th] April 2024
Trustees: Mr. C. W. Humphreys Mrs P. M. Humphreys Office: Hazel End Farm Hazel End Bishop’s Stortford CM23 1HG Stockbrokers: Evelyn (formerly 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 (as it was then known).
During the year to 5 April 2024, one distribution of £1,000.00 was made whilst the balance on Income Account returned to positive ground. There were no expenses in the period apart from brokers’ charges (including VAT) of £515.11.
The Principles and Procedures of the Trust as adopted on 18 October 2019 remain unchanged.
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
1
geographical coverage and it is the Trustees’ policy to limit grants to available income except where special circumstances arise.
Dated: 17 September 2024
Signed: Petronella Humphreys Trustee
The Three Squirrels Trust CIO Registered Charity Number 1185828
Capital Statement as at 5th April 2024
| 6.4.23 Opening Value 5.4.24 Closing Value Represented by Cash Bonds & Equities (24 holdings) Closing value Gain for year |
1,711 97,746 |
97,851 99,457 1,606 |
|---|---|---|
Income Account to 5[th] April 2024
| Deficit brought forward Add dividends and interest Less Brokers’ charges including VAT Distributions during the year Credit carried forward |
515 1,000 |
36 3,061 3,097 1,515 1,418 |
|---|---|---|
2