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|CONTENTS|CONTENTS|||||PAGE|
|---|---|---|---|---|---|---|
|Trustees|and officials||||||
|Report of|the Trustees|||||2-4|
|Statement|ofthe Trustees'||responsibilities|in respect ofthe financial statements|||
|Report of|the independent||auditors to the|Trustees' of Lloyd's Benevolent|Fund|6-7|
|Report of|the investment|manager||||8-9|
|Statement|offinancial<br>activities||||||
|Balance sheet|||||||
|Notes to the financial statements||||||12-14|





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|Fund Performance|Fund Performance|12months to 3(ht September 2020|12months to 3(ht September 2020|12months to 3(ht September 2020|
|---|---|---|---|---|
|1-Year|||||
|UK Equities|||||
|Aberdeen|UK All Share tracker|||-16.5%|
|FTSEAll|Share Index|||-16.6%|
|Global Equities|||||
|Vanguard|FTSEAll World|||5.3%|
|MSCI AC|World Index (Net||||
|dividends|reinvestedj||||
|Cash|||||
|JPMorgan|GBP Liquidity||I VNAV|0.4%|



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|OR THE YEAR ENDED|30SEPTEM|BER|2020||
|---|---|---|---|---|
||||30-Sep|30-Sep|
|INCOME AND EXPENDITURE||Note|2020|2019|
||||E'000|E'000|
|INCOME:|||||
|Donations|||1|2|
|Investment<br>income|||333|353|
|Total income||||355|
|EXPENDITURE:|||||
|Investment<br>management<br>fees|||(47)|(48)|
|Grants payable to individuals|||(341)|(412)|
|Salaries &Associated Costs|||(55)|(53)|
|Other Expenditure<br>Total expenditure|||(10)<br>~453|(10)<br> ~(523|
|Net income and net movement|in||||
|funds before gains and losses|on investments||(119)|(168)|
|Unrealised<br>(loss) Igain||3|(1,372)|73|
|Realised Gain|||2|21|
|Net (loss) / gain on investments|||(1,370)|94|
|NET MOVEMENT<br>IN FUND|||(1,489)|(74)|
|RecoaciTiadon offunds:|||||
|Total funds<br>brought foward|||13,137|13,211|
|Total funds cerned forvaard|||11,648|13,137|





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|BALANCE SHE|ET|AS|AT 30S|EPTEM|BER2020|||
|---|---|---|---|---|---|---|---|
||||Note||2020||2019|
|||||L"000|I'000|K'000|6000|
|INVESTMENTS||||||||
|At market valuation|||||11,587||13,061|
|CURRENT ASSETS||||||||
|Debtors|||||45||52|
|Cash at bank|||||33||71|
||||||78||123|
|CURRENT LIABILITIES<br>8&8<br>1<br>lll 66<br>461||I|4|~47<br>~17||~47<br>~47||
|NET CURRENT ASSETS||||||61|76|
|NET ASSETS|||||11648||13,137|
|FUNDS||||||||
|Unrestricted|||||11|648|13137|
|Approved<br>and authorised||for|issue by|the Board|ofTrustees one March 2021 and signed|||
|behalf by||||||||
|Es.~~||||||||
|G Findlay||||||R Ohlson||
|Chairman||||||Deputy Chairman||





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|INVESTMEN|T INCOME|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|||||||||f'000|f'000|
|Overseas:|Dividends<br>-Vanguard|||FTSE||||82|97|
|UK: Dividends<br>-Aberdeen|||Foundation||Growth|Fund||251|256|
|||||||||333|353|
|QUOTED INVESTMENTS||||||||||
|||||||||2020||
||||||||f'000|E'000|E'000|
||||||||Equity|Cash|Total|
|Market value|brought forward||||||12,886|175|13,061|
|Add: Additions|to Investments||cost||||217||217|
|Less: Disposals at carrying||value|||||(250)||(250)|
|Net unrealised|gain (loss) for||the year||||(1,372)||(1,372)|
|Movements<br>on cash account||||||||(69)|(69)|
|Market value|carried forward||||||11,481|106|11,587|



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||2020|2019|
|---|---|---|
||F'000|L'000|
|Accruals|17|47|
|Total|17|47|



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|DEBTORS||||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||f'000|F'000|
|Prepayments|and|accrued|income|45|52|
|Total||||45|52|



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