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||Page|
|---|---|
|Trustees'report|1-4|
|StatementofTrustees'responsibilities||
|Statementoffinancialactivities||
|Balancesheet||
|Statementofcashflows||
|Notestothefinancialstatements|9-15|
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|||UnrestrictedUnrestricted|UnrestrictedUnrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
||Notes|
£|£|
|Income||||
|Donationsandlegacies|3|-|963,180|
|Investmentincome|4|17,448|17,502|
|Otherincome|12|416|-|
|Totalincome||17,864|980,682|
|Expenditure||||
|Raisingfunds|5|4,349|5,393|
|Charitableactivities|6|112,264|132,825|
|Totalresourcesexpended||116,613|138,218|
|Net(expenditure)Iincomebeforeinvestment(losses)Igains||(98,749)|842,464|
|Net(losses)/gainsoninvestments|11|(42,720)|50,608|
|Netmovementinfunds||(141,469)|893,072|
|Fundbalancesat1February2022||893,072|-|
|Fundbalancesat31January2023||751,603|893,072|
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|||2023||2022||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Fixedassets||||||
|Investments|13||738,534||892,194|
|Currentassets||||||
|Debtors|14|293||275||
|Cashatbankandinhand||18,776||8,759||
|||19,069||9,034||
|Creditors:amountsfallingduewithin|15|||||
|oneyear||(6,000)||(8,155)||
|Netcurrentassets|||13,069||879|
|Totalassetslesscurrentliabilities|||751,603||893,073|
|Incomefunds||||||
|Unrestrictedfunds|||751.603||893.072|
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|||2023||2022||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Cashflowsfromoperatingactivities||||||
|Cash(absorbedby)/generatedfrom|16|||||
|operations|||(118,352)||833,117|
|Investingactivities||||||
|Purchaseofinvestments||(29,071)||(1,019,645)||
|Proceedsondisposalofinvestments||132,847||225,100||
|Investmentincomereceived||17,430||17997||
|Netcashgeneratedfrom/(usedin)||||||
|investingactivities|||121,206||(777,318)|
|Netcashusedinfinancingactivities||||||
|Netincreaseincashandcashequivalents|||2,854||55,799|
|Cashandcashequivalentsatbeginningofyear|||55,799|||
|Cashandcashequivalentsatendofyear|||cf2F.rl4||55,799|
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|2023|2022|
|---|---|
|£|£|
||963,180|
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||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2023|2022|
||£|£|
|UKdividendincome|13,079|14,222|
|Foreigninterestincome|341|275|
|Unittrustinterestincome|1,831|965|
|REITdividendincome|547|682|
|Foreigndividendincome|1,650|1,358|
||11,4415|1/,bU2|
|Raisingfunds|||
||Unrestricted|Unrestricted|
||funds|funds|
||2023|2022|
||£|£|
|Investmentmanagementfees|4,349|5,393|
|Charitableactivities|||
||2023|2022|
||£|£|
|Grantfundingofactivities(seenote8)|100,000|119,000|
|Shareofsupportcosts(seenote7)|12,351|12,100|
|Shareofgovernancecosts(seenote7)|(87)|
1,725|
||112,264|132,825|
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|7|Supportcosts|||||
|---|---|---|---|---|---|
|||Support|Governance|2023|2022|
|||costs|
costs|||
|||£|
£|£|£|
||Bankcharges|20|
-|20|40|
||Managementandadministrationfees|12,000|
-|12,000|12,000|
||LEIfees|-|
-|-|60|
||Trusteeexpenses|331|
-|331|-|
||IndependentExamination/auditfees|-|
(87)|(87)|1,725|
|||12,351|
(87)|12,264|13,825|
||Analysedbetween|||||
||Charitableactivities|12,351|
(87)|12,264|13,825|
|8|Grantspayable|||||
|||||2023|2022|
|||||£|£|
||Grantstoinstitutions|||||
||Education|||49,875|52,000|
||Overseashospitalsandmedicine|||21,500|28;000|
||Children|||16,125|18,000|
||Hospices|||3,000|5,000|
||Foodbanksandcommunityprojects|||9,500|16,000|
|||||100,000|119,000|
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|Net(losses)/gainsoninvestments|||
|---|---|---|
||Unrestricted|Unrestricted|
||funds|funds|
||2023|2022|
||£|£|
|(Loss)/gainonrevaluationofinvestments|(18,265)|
39,864|
|(Loss)/gainonsaleofinvestments|(24,455)|
10,744|
||(42.7201|
50.608|
|Otherincome|||
||Unrestricted|Total|
||funds||
||2023|2022|
||£|£|
|Bankinterestreceived|416|-|
##
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||Listed|Cashin|Total|
|---|---|---|---|
||investments|portfolio||
||£||£|
|Valuation||||
|At1February2022|845,153|47,040|892,193|
|Additions|29,071|-|29,071|
|Unrealised(loss)|(18,265)|-|(18,265)|
|Realised(loss)|(24,455)|-|(24,455)|
|Cashheldininvestmentportfolio|-|(7,163)|(7,163)|
|Disposals|(132,847)|-|(132,847)|
|At31January2023|698,657|39,877|738,534|
|Investmentsrepresentingmorethan5%oftheportfolio'stotalmarketvalue|Investmentsrepresentingmorethan5%oftheportfolio'stotalmarketvalue|Investmentsrepresentingmorethan5%oftheportfolio'stotalmarketvalue|(excludingcash):|
|---|---|---|---|
|Investment|Units|MarketValue|
%ofTotalMarket|
|||£|Value|
|CapitaFinancialMgrsTrojanGlobal|35,000|44,303|6.34%|
|FilInvestmentServicesWIncome|21,000|46,221|6.61%|
|JPMorganUSEquity|27,440|43,026|6.16%|
|LinkFundSolutionsTrojanIncomeS|15,000|46,697|6.68%|
|M&GSecuritiesNorthAmerican|48,000|64,416|9.22%|
|TBaileyFundEvenlodeGlobal|39,000|54,721|7.83%|
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|13|Fixedassetinvestments||(Continued)|
|---|---|---|---|
|||2023|2022|
|||£|£|
||Historiccostofinvestments|685,321|805,289|
|14|Debtors|||
|||2023|2022|
||Amountsfallingduewithinoneyear:|£|£|
||Dividendsdue|293|275|
|15|Creditors:amountsfallingduewithinoneyear|||
|||2023|2022|
|||£|£|
||Investmentmanagement fees|-|430|
||Trusteeadministrationfees|4,200|6,000|
||IndependentExamination/Auditfees|1,800|1,725|
|||6,000|8,155|
|16|Cashgeneratedfromoperations|2023|2022|
|||£|£|
||(Deficit)/surpusfortheyear|(141,469)|893,072|
||Adjustmentsfor:|||
||Investmentincomerecognisedinstatementoffinancialactivities|(17,448)|(17,502)|
||Loss/(gain)ondisposalofinvestments|24,455|(10,744)|
||Unrealisedgainoninvestments|18,265|(39,864)|
||Movementsinworkingcapital:|||
||(Decrease)/increaseincreditors|(2,155)|8,155|
||Cash(absorbedby)/generatedfromoperations|(118,352)|833,117|
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|19|Cashandcashequivalents|||
|---|---|---|---|
|||2023|2022|
|||£|£|
||Cashatbankandinhand|18,776|8,759|
||Cashheldininvestmentportfolio|39,877|47,040|
|||58,653|55,799|
|20|Donationsmadeduringtheyear|||
|||2023|2022|
|||£|£|
||ArthurRankHospice|3,000|5,000|
||CandleforIndia(DeeptiCentre)|8,000|13,000|
||CentreforTheology&Community|2,500|8,000|
||EmmanuelCollege,Cambridge|15,000|18,000|
||KingsCollegeMemorialService|-|2,500|
||NzirambiOrphansTalentDevelopmentCentreUK(NOTDECUK)|16,125|18,000|
||RefugeeEducationUK|7,000|2,500|
||SocietyofFriendsofMvumiHospital|13,500|15,000|
||SPEAR|15,000|15,000|
||TheKiteTrust|8,500|9,000|
||TrussellTrust|7,000|8,000|
||UniversityofCambridge-Prizes|4,375|5,000|
|||100,000|119,000|
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||Holding|MarketValue|Additions|||Disposals|Disposals|Profit|Unrealised|Holding|MarketValueGrossIncome|MarketValueGrossIncome|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1|February|1February|Quantity|Cost||Quantity|Proceeds|(Loss)|Profit|31January|31January||
||2022|2022||||||||2023|2023||
|||£||£|||£|£||£|£|£|
|AdmiralGroup|||||||||||||
|OrdinaryGBP0.001|||||||||||||
||590|18,550||||590|12,648|(5,902)||||447|
|||||||||||||249|
|AllianzTechnologyTrustPlc|||||||||||||
|OrdinaryGBP0.025|||||||||||||
||5,100|14,586|||||||(3,391)|5,100|11,195||
|AstraZeneca|||||||||||||
|OrdinaryUS$0.25Stock|||||||||||||
||150|
12,926||||||||||218|
||||||||||2,959|150|15,885|115|
|BaillieGifford|||||||||||||
|JapaneseSmallCosFdBAcc|||||||||||||
||410|
18,220|||66||||(66)|410|18,220|66|
|Barclays|||||||||||||
|Ordinary25p|||||||||||||
||7,600|
14,989||||||||||304|
||||||||||(865)|7,600|14,124|171|
|BrownAdvisoryFunds|||||||||||||
|USFlexibleEquityCUSDNay|||||||||||||
||2,600|
52,442||||1,500|28,242|(2,013)|(555)|1,100|
21,632||
|CapitaFinancialManagers|||||||||||||
|TrojanGlobalIncomeOGBPInc|||||||||||||
||35,000|
45,535|||||||(1,232)|35,000|
44,303||
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|Holding|MarketValue|Additions|||Disposals|Disposals|Profit|Unrealised|Holding|MarketValueGrossIncome|MarketValueGrossIncome|
|---|---|---|---|---|---|---|---|---|---|---|---|
|1February|1February|Quantity|Cost||Quantity|Proceeds|(Loss)|Profit|31January|31January||
|2022|2022||||||||2023|2023||
||£||£|||£|£||£|£|£|
|CouplandCardiffFunds||||||||||||
|JapanAlphaTJpyAcc||||||||||||
|2,600|17,212|||||||(1,061)|2,600|16,151||
|ETFSHedgedMetalSecLtd||||||||||||
|DailyHgdPhysicalGold(GBP)||||||||||||
|3,000|29,115|||||||1,613|3,000|30,728||
|FilInvestmentServices(Uk)limited||||||||||||
|GlobalDividendWIncNay||||||||||||
|21,000|45,948||||||||||422|
||||||||||||288|
||||||||||||288|
|||||||||273|21,000|46,221|288|
|FindlayParkFundsIcav||||||||||||
|AmericanGBPUnhgdDis||||||||||||
|ChangedfromFindlayParkFundsPlcAmericanSterlingGBPUhdgon18/07/2022||||||||||||
|250|33,390|||||||(65)|250|33,325||
|FirstSentierInvrs(Uk)FdsLtd||||||||||||
|FssaGreaterChinaGrowthBGBPAcc||||||||||||
|1,900|25,946|||28|980|12,069|(1,328)||||28|
|||||247||||(508)|920|12,316|247|
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|Holding|MarketValue|Additions||Disposals|Disposals|Profit|Unrealised|Holding|MarketValueGrossIncome|MarketValueGrossIncome|
|---|---|---|---|---|---|---|---|---|---|---|
|1February|1February|Quantity|Cost|Quantity|Proceeds|(Loss)|Profit|31January|31January||
|2022|2022|||||||2023|2023||
||£||£||£|£||£|£|£|
|GoreStreetEnergyStorageFundPlc|||||||||||
|OrdinaryGBP0.01|||||||||||
|7,900|
9,125|||||||||158|
|||||||||||79|
|||||||||||158|
||||||||(435)|7,900|8,690|158|
|GreencoatUKWindPLC|||||||||||
|Ordinary1pshares|||||||||||
|6,800|
9,642|||||||||122|
|||||||||||131|
|||||||||||131|
||||||||1,190|6,800|10,832|131|
|lfslChurchHseInvGrdFxdIntFd|||||||||||
|IfsIChHouseInvestmentGrdFxdIntDis|||||||||||
|ChangedfromChurchHouseInvestment|GradeFixedIntFd|Incon03/10/2022|||||||||
|18,000|
21,051|||||||||113|
|||||||||||114|
|||||||||||129|
||||||||(1,503)|18,000|
19,548|144|
|(shares|||||||||||
|Ftse100Nay|||||||||||
|3,800|
27,744|||||||||162|
|||||||||||350|
|||||||||||335|
||||||||1,064|3,800|
28,808|189|
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||Holding|MarketValue|MarketValue|Additions||Disposals|Disposals|Profit|Unrealised|Holding|MarketValueGrossIncome|MarketValueGrossIncome|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1|February|1|February|Quantity|Cost|Quantity|Proceeds|(Loss)|Profit|31January|31January||
||2022||2022|||||||2023|2023||
||||£||£||£|£||£|£|£|
|JpmorganFundsLtd|||||||||||||
|USEquityIncKGBPNetIncUnhdg|||||||||||||
||27,440||40,611|||||||||217|
|||||||||||||209|
|||||||||||||241|
||||||||||2,415|27,440|43,026|272|
|JupiterUnitTrustManagers|||||||||||||
|StrategicBondZInc|||||||||||||
||33,000||21,549|||||||||188|
|||||||||||||190|
|||||||||||||219|
||||||||||(3,046)|33,000|18,503|208|
|LeggMasonInvestments(Europe)Ltd|||||||||||||
|WaShtDurBlueChpSPisEGbp(M)dis||Hd|||||||||||
||270||26,411|||||||||22|
|||||||||||||12|
|||||||||||||28|
|||||||||||||27|
|||||||||||||26|
|||||||||||||27|
|||||||||||||28|
|||||||||||||30|
|||||||||||||34|
|||||||||||||29|
|||||||||||||33|
||||||||||(1,541)|270|24,870|45|
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|Holding|MarketValue|Additions||Disposals|Disposals|Profit|Unrealised|Holding|MarketValueGrossIncome|MarketValueGrossIncome|
|---|---|---|---|---|---|---|---|---|---|---|
|1February
2022|1February
2022|Quantity|Cost|Quantity|Proceeds|(Loss)|Profit|31January
2023|31January
2023||
||£||£||£|£||£|£|£|
|LinkFundSolutions|||||||||||
|TrojanSIncNay|||||||||||
|15,000|46,950|||||||||252|
|||||||||||93|
|||||||||||421|
|||||||||||338|
||||||||(253)|15,000|46,697|379|
|LondonmetricPropertyPlc|||||||||||
|OrdinaryGBPO.10|||||||||||
|7,800|20,810|||3,200|5,480|(3,057)||||172|
|||||||||||117|
|||||||||||90|
|||||||||||179|
||||||||(3,611)|4,600|8,662|106|
|M&GSecuritiesLimited|||||||||||
|GlobalMacroBondJGBPDisUnhedged|||||||||||
|||||||||||111|
|||||||||||125|
|||||||||||177|
|||||||||||112|
|M&gSecuritiesLimited|||||||||||
|NorthAmericanDividendPpGBPDis|||||||||||
|48,000|63,350|||||||||190|
|||||||||||202|
|||||||||||441|
||||||||1,066|48,000|
64,416|222|
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||Holding|Market|Value|Additions||Disposals|Disposals|Profit|Unrealised|Holding|MarketValueGrossIncome|MarketValueGrossIncome|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1|February|1February||Quantity|Cost|Quantity|Proceeds|(Loss)|Profit|31January|31January||
||2022|2022||||||||2023|2023||
|||£|||£||£|£||£|£|£|
|M&gSecuritiesLtd|||||||||||||
|GlobalMacroBondPpGBP|Dis||||||||||||
||27,838||26,170|||13,838|12,550|(459)|(485)|14,000|12,676||
|MarlboroughFundManagers|||||||||||||
|SpecialSituationsPAccums|||||||||||||
||1,100||26,250||46|1,100|21,317|(5,046)||||46|
||||||67|||||||67|
|Mercedes-BenzGroupAg|||||||||||||
|OrdinaryNpv(Regd)|||||||||||||
|ChangedfromDaimlerAgOrdinaryNpv(Regd)on|||02/02/2022||||||||||
|||||160|9,836||||(173)|160|9,663||
|Prudential|||||||||||||
|Ordinary5p|||||||||||||
||1,200||14,826|||1,200|10,438|(4,388)||||113|
|||||||||||||60|
|RioTinto|||||||||||||
|Ordinary10p(Registered)|||||||||||||
||340||17,629|||340|15,899|(1,730)||||155|
|||||||||||||1,043|
|RocheHoldingsAg|||||||||||||
|GenusscheineNoParValue|||||||||||||
||81||23,144||||||(2,716)|81|20,428|394|
|S4CapitalPlc|||||||||||||
|OrdinaryGBP0.25|||||||||||||
||2,000||10,280||||||(5,904)|2,000|4,376||
##
##
|Holding|MarketValue|Additions||Disposals|Disposals|Profit|Unrealised|Holding|MarketValueGrossIncome|MarketValueGrossIncome|
|---|---|---|---|---|---|---|---|---|---|---|
|1February|1February|Quantity|Cost|Quantity|Proceeds|(Loss)|Profit|31January|31January||
|2022|2022|||||||2023|2023||
||£||£||£|£||£|£|£|
|SchroderUnitTrusts|||||||||||
|AsianIncomeLInc|||||||||||
|39,000|30,248|||19,000|14,204|(532)||||601|
||||||||108|20,000|15,620|869|
|SPDRTrust|||||||||||
|S&PUSDividendAristocrats|||||||||||
|||330|18,781|||||||114|
||||||||189|330|18,970|105|
|TBaileyFundServicesLtd|||||||||||
|EvenlodeGlobalIncomeFGBPDis|||||||||||
|39,000|54,717|||||||||258|
|||||||||||293|
|||||||||||293|
||||||||4|39,000|54,721|293|
|Unilever|||||||||||
|Ordinary31/9p|||||||||||
|400|
15,150|||||||||144|
|||||||||||144|
|||||||||||145|
||||||||1,284|400|
16,434|149|
##
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