| PAST PRESIDENTS | |||
|---|---|---|---|
| W. L.T.FOY . | 1897 - 1900 | ||
| DAVID J.MORGAN | 1901 - 1902 | ||
| Chas. BIRD | 1903 - 1905 | ||
| W. L.T. FOY . | 1906 - 1907 | ||
| JOHN W. BURTON. | 1908 | ||
| Thos. Geo.SHARP. | 1909 - 1910 | ||
| G. H. LINDSEY - RENTON. | 1911 | ||
| LAURANCE H. NEAME |
1912 - 1913 | ||
| ALFRED DOBELL | 1914 - 1915 | ||
| SIR BIGNELL G. ELLIOTT | KeE JP | 1916- 1917 | |
| ARTHUR C. MAY | 1918 | ||
| H. G. NUTMAN | 1919- 1920 | ||
| SIR KEITH W. PRICE | 1921 - 1922 | ||
| DOUGLAS CLAYTON. | 1923 - 1924 | ||
| H. F.BUCKLAND | 1925 - 1926 | ||
| NORMAN A.WRIGHT |
1927 - 1928 | ||
| ERNEST W. H. Beaton.. | 1929 - 1930 | ||
| HERBERT Geo. SHARP | 1931 - 1932 | ||
| E.LOCKS LATHAM | 1933 - 1934 | ||
| H. R.WOODBURN - BAMBERGER |
1935 | ||
| ERNEST C. HORTON | oeE. | 1936 - 1937 | |
| H. CYRIL DAVID | 1938 | ||
| SIR GERALD LENANTON | 1939 | ||
| E.P.TETSALL | 1940 - 1941 | ||
| HUBERT B.ELLIOTT | 1942 - 1943 | ||
| Jas L.CRAWFORD | 1944 - 1945 | ||
| HUGH S.LEARY | 1946 - 1947 | ||
| Wm. B.MITCHELL | 1948 - 1949 | ||
| STANLEY C.LONGHURST | ceE JF | 1950 | |
| J.L.BAYNES ceE. | 1951 | ||
| WILLIAM BURNS | 1952 | ||
| Chas. I.PERKINS | 1953 | ||
| H. NORMAN SADD. |
1954 | ||
| A. COLIN C. DARBY Mc. .......... . | 1955 | ||
| CLIFFORD B.NORTH. | 1956 | ||
| STANLEY LLOYD . | 1957 | ||
| HUBERT LENANTON | . | 1958 | |
| Wm. H. DRUMMOND. | . ...................... | 1959 | |
| HUBERT B.ELLIOTT. | 1960 | ||
| DONALD E.WRIGHT | TDJP. | 1961 | |
| GEORGE C.HUG HES | 1962 | ||
| AUSTIN TAYLOR . | 1963 | ||
| JOHN V. MURPHY | 1964 |
| E.BRYAN LATHAM ceE MM eA. | E.BRYAN LATHAM ceE MM eA. | E.BRYAN LATHAM ceE MM eA. | 1965 | |
|---|---|---|---|---|
| PERCYWISE vcA. | 1966 | |||
| CECIL D.WOODBURN | - BAMBERGER ceE..... | 1967 | ||
| COLONEL DONALD C. | BELL~o. | 1968 | ||
| R. DAVID MAY | 1969 | |||
| BERNARD A. HILL | 1970 | |||
| DOUGLAS R.JENNINGS | 1971 - 1972 | |||
| DOUGLAS COCHRANE | 1973 | |||
| DAVID W. MITCHELL | 1974 | |||
| A.W. BURNS | 1975 | |||
| W.JOHN ALSFORD. | 1976 | |||
| NORMAN WELCH. |
1977 | |||
| DAVID A.C.MONTGOMERY. | 1978 | |||
| ROGER H. MASON | 1979 | |||
| MALCOLM A. BENNIE | 1980 | |||
| CHRISTOPHER G.A. LATHAM | FCA. | 1981 | ||
| W. DENIS BUTLER | 1982 | |||
| DOUGLAS R.JENNINGS | 1983 | |||
| TERENCE S.MALLINSON | . | 1984 - 1985 | ||
| ROSSS.H. BELLAMY ro Aiwsc . | 1986 | |||
| PETER D. LLOYD. | 1987 - 1988 | |||
| RON LEWIS | 1989 - 1990 | |||
| GILBERT LEWIS | 1991 - 1992 | |||
| J.BARRY LEWIS | 1993 | |||
| JOHN O. HOULTON . | 1994 | |||
| JEAN KLOOS | 1995 | |||
| RICHARD MIDDLETON | 1996 | |||
| PAUL F.MURPHY | 1997 | |||
| IAN NORTH. | 1998 - 1999 | |||
| J.BARRY LEWIS | 2000 - 2001 | |||
| BRIAN BAUCKHAM . | 2002 | |||
| IAN MENZIES | 2003 - 2004 | |||
| BARBARA CARTWRIGHT | 2005 - 2006 | |||
| RICHARD BAGNALL | 2007 - 2008 | |||
| DAVID FRANCIS | 2009 - 2010 | |||
| DILWYN HOWELLS | 2011 - 2012 | |||
| MALCOLM COWLEY | 2013 —2014 | |||
| ROBERT BRUCE | 2015 - 2016 | |||
| IVAN L.SAVAGE | 2017 - 2018 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2020 | 2019 | |||
| Notes | f | E | ||
| Income from: | ||||
| Donations and legacies |
2 | 19,858 | 18,476 | |
| Other fundraising | activities | 3 | 13,348 | 115,096 |
| Investments | 4 | 77,264 | 100,418 | |
| Total income | 110,470 | 233,990 | ||
| ~Edit | ||||
| Raising funds | 5 | 41,563 | 103,671 | |
| Charitable activities |
6 | 198,738 | 215,788 | |
| Total resources | expended | 240,301 | 319,459 | |
| Net gains/(losses) on investments |
11 | 33,206 | 485,728 | |
| Net movement | in funds | (96,625) | 400,259 | |
| Fund balances at 1January 2020 | 3,654,001 | 3,253,742 | ||
| Fund balances at 31December 2020 | 3,557,376 | 3,654,001 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | E | E | ||||||
| Fixed assets | ||||||||
| Tangible assets | 12 | 435 | 653 | |||||
| Investments | 13 | 3,324,747 | 3,555,836 | |||||
| 3,325,182 | 3,556,489 | |||||||
| Current assets | ||||||||
| Debtors | 14 | 6,160 | 4,812 | |||||
| Cash at bank | and in | hand | 236,124 | 99,159 | ||||
| 242,284 | 103,971 | |||||||
| Creditors: amounts | falling due within | 15 | ||||||
| one year | (10,090) | (6,459) | ||||||
| Net current assets | 232,194 | 97,512 | ||||||
| Total assets less current liabilities | 3,557,376 | 3,654,001 | ||||||
| Income funds | ||||||||
| Unrestricted | funds | 3,557,376 | 3,654,001 | |||||
| 3,557,376 | 3,654,001 | |||||||
| The ac unts |
were~preyed | by the Trustee | 3DWA Apg', f zG2l | |||||
| ~"David Francis | "' | Paul5na | e | FL John Taylor | FCA | |||
| Senior Trustee | President | Vice | President | &Treasurer |
| Donations | and legacies | ||
|---|---|---|---|
| 2020 | 2019 | ||
| Donations Legacies |
and gifts receivable (see note 17) |
16,312 3,546 |
18,476 |
| 19,858 | 18,476 |
| 3 | Other fundraising activi |
ties | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Newsletter income Golf final day Raffles and auctions Reg iona I events |
915 12,433 |
1,876 15,051 5,373 92,796 |
||
| 13,348 | 115,096 | |||
| 4 | Investments | |||
| 2020 | 2019 | |||
| Dividends and interest Interest receivable |
on listed securities | 76,552 712 |
100,245 173 |
|
| 77,264 | 100,418 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Fundraisin | and | ublicit | |||
| Regional events | 4,091 | 53,954 | |||
| Newsletter | costs | 989 | |||
| Advertising | 1,118 | ||||
| Golf final day | 8,316 | ||||
| Share ofgovernance | costs (see note 8) | 3,427 | 3,484 | ||
| Share of support | costs (see note 8) | 21,594 | 22,514 | ||
| Fundraising | and publicity | 29,112 | 90,375 | ||
| Investment | mana | ement | 12,451 | 13,296 | |
| 41,563 | 103,671 |
| 6 | Charitable |
activitie | s | |||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| E | ||||||
| Christmas gifts to beneficiaries |
27,027 | 26,658 | ||||
| Allowances | under | rule 10 | 73,375 | 71,704 | ||
| TV licences | Lsets | 4,238 | 4,445 | |||
| Telephone | allowances | 13,256 | 15,237 | |||
| Spring gifts | to beneficiaries | 10,200 | 10,840 | |||
| Winter fuel | grants | 31,500 | 34,200 | |||
| 159,596 | 163,084 | |||||
| Grant funding of activities (see note 7) |
4,467 | 16,612 | ||||
| Share ofsupport costs (see note 8) | 32,390 | 33,770 | ||||
| Share ofgovernance | costs (see note 8) | 2,285 | 2,322 | |||
| 198,738 | 215,788 | |||||
| Analysis by fund |
||||||
| Unrestricted | funds | 198,738 | 215,788 | |||
| 198,738 | 215,788 | |||||
| 7 | Grants payable | |||||
| 2020 | 2019 | |||||
| E | E | |||||
| Grants to individuals | 4,467 | 16,612 | ||||
| 4,467 | 16,612 |
| 8 | Support costs | Support costs | ||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2020 | 2019 | Basis ofallocation | ||||
| costs | costs | |||||||
| f | f | f | f | |||||
| Staff costs | 60%Charitable, | 40% | ||||||
| 32,000 | 32,900 | 32,271 | fundraising | |||||
| Depreciation | 60%charitable, | 40% | ||||||
| 218 | 218 | 218 | fundraising | |||||
| Office costs | 60%Charitable, | 40% | ||||||
| 11,949 | 11,949 | 11,389 | Fundraising | |||||
| Computer | costs | 60%Charitable, | 40% | |||||
| 6,231 | 6,231 | 4,858 | fundraising | |||||
| Meeting | and travel | 60%Charitable, | 40% | |||||
| expenses | 1,322 | 1322 | 4,360 | fundraising | ||||
| General expenses | 60%Charitable, | 40% | ||||||
| 2,068 | 2,068 | 3,215 | fun dra ising | |||||
| Bank charges | 60%Charitable, | 40% | ||||||
| 196 | 196 | (27) | fundraising | |||||
| Audit fees | 5,712 | 5,712 | 5,806 | Governance | ||||
| 53,984 | 5,712 | 59,696 | 62,090 | |||||
| Analysed | between | |||||||
| Fundraising | 21,594 | 3,427 | 25,021 | 25,998 | ||||
| Charitable | activities | 32,390 | 2,285 | 34,675 | 36,092 | |||
| 53,984 | 5,712 | 59,696 | 62,090 |
| 2020 | 2019 | ||
|---|---|---|---|
| Number | Number | ||
| Total | |||
| Employment | costs | 2020 | 2019 |
| f | f | ||
| Wages and salaries | 32,000 | 32,000 | |
| Social security costs | 271 | ||
| 32,000 | 32,271 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | ||||
| 2020 | 2019 | |||
| f | f | |||
| Revaluation | of | investments | (46,380) | 384,393 |
| Gain/(loss) | on | sale of investments | 79,586 | 101,335 |
| 33,206 | 485,728 |
| 12 | Tangible fixed assets | ||
|---|---|---|---|
| Computers | |||
| Cost | |||
| At 1January 2020 | 1,089 | ||
| At 31December 2020 | 1,089 | ||
| Depreciation and impairment |
|||
| At 1January 2020 | 436 | ||
| Depreciation charged |
in the year | 218 | |
| At 31December 2020 | 654 | ||
| Carrying amount | |||
| At 31December 2020 | 435 | ||
| At 31December 2019 | 653 |
| Market | Market | ||||
|---|---|---|---|---|---|
| 13 | Fixed asset investments | value | value | ||
| 2020 | 2019 | ||||
| E | E | ||||
| British government securities: E28,000 E29,300 E50,000 UK 1.25% ILStock 2027 UK 1.25 % ILStock 2032 UK 1.25% ILStock 2027 |
63,157 54,320 |
55,303 60,024 52,364 |
|||
| Property funds 30,717 4,000 20,281 46,000 43,411 Charities Property Fund Unite Group Ord GBP0.25 Tritax Big Box REIT PLC Ord E0.01 LXI REIT PLC Ord GBP0.01 Primary Health Properties PLC Ord .125 |
38,141 41,800 34,052 54,740 66,332 |
39,564 50,400 30,178 64,400 69,458 |
|||
| Listed industrial stocks and shares: 38,250 24,750 3,850 Aberdeen Standard FMS Ltd European Equity Instl inc Aberdeen Standard FMs Ltd Asia Pacific Equity I Acc Allianz Technology Trust PLC Ord shares of25p each |
38,223 98,770 114,345 |
36,590 79,247 112,820 |
|||
| (20196,850) 570 15,500 3,400 20,000 10,000 AstraZeneca Ord Shares of 0.25 U5$ Aviva investors UK Svcs Ltd US Equity Income 2 Baillie Gifford Japan Trust Ord GBP0.05 Balfour Beatty 10.75p Grss (Nt Pd) Ccr Prf Beazley pic Ordinary 5p shares |
NAV | 41,747 31,206 37,536 36,460 |
43,360 33,314 27,880 20,700 31,136 |
||
| (20195,600) 2,625 BHP Group PLC —Ordinary Shares of0.50 USDO |
50,531 | 46,641 | |||
| 6,395 7,000 55,185 3,200 Blackrock Fund Managers Ltd - European Dynamic Inc Blackrock Throgmorton Tst PLC Ord GBP0.05 BNY Mellon Fund Managers Newton Asian inc Inst Vistry Group PLC Ord GBP0.25 |
D Inc |
53,550 74,450 30,083 |
39,197 48,160 73,661 40,740 |
||
| (20193,000) 9,500 BP Ord Shares of0.25 US$ 3,850 3,000 6,000 1,550 220 2,800 1,073.68 British Land Co Ord Shares 25p each Compass Group PLC Ordinary GBP0.1105 shares Cullen Funds Nth Ame High Div Val Equity 8 USD Diageo Ordinary Shares GBX 28.935185 Edgewood LSelect US Select Growth I Z USD Experian PLC Ord Shares of USD0.10each Findlay Park Funds PLC American GBP Hedged Dis |
24,206 40,890 44,609 63,048 77,756 86,066 |
44,802 24,594 56,700 79,701 49,608 45,618 71,456 100,312 |
|||
| (20191,423.68) |
| 13 | Fixed asset investments (continued) |
Fixed asset investments (continued) |
Market value |
Market value |
||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| E | ||||||
| First Seniter Investments (UK) St Gbl Emg Ldrs 8 GBP Acc |
Markets | 42,929 | 42,906 | |||
| 23,000 | Fundsmith LLP Equity I Inc NAV Inst |
115,672 | 117,376 | |||
| (201927,500) | ||||||
| 3,050 | GlaxoSmithKline Ord Shares of25p each |
40,931 | 54,260 | |||
| 2,700 | Herald Inv Trust Ord GBP0.25 |
60,615 | 39,960 | |||
| 2,250 | Hill &Smith Ordinary Shares 25p each |
31,725 | 33,143 | |||
| 7,300 | HSBC Holdings PLC Ord Shares of0.50U5$ |
43,209 | ||||
| 1,500 | Imperial Brands PLC Ord Shares of 10p each |
23,033 | 28,035 | |||
| 37,968 | INTL Public Partnership Limited |
64,622 | 63,331 | |||
| 24,000.25 | Invesco Fund Managers IP Global Equty Income 2 Inc |
84,646 | ||||
| 40,000 | John Laing Enviromental Assets Grp Ord NPV |
45,600 | 48,800 | |||
| 57,500 | JP Morgan Gbl Emerging Mkts Inc Tst PLC ofGBP0.01 |
Ord shares | 84,094 | 78,344 | ||
| 25,000 | JP Morgan Aseet Mgmt UK Ltd US Equity NAV |
Inc C Inv | 85,825 | 113,344 | ||
| (201932,000) | ||||||
| 75,000 | Jupiter Unit Trust Managers Trust Managers Japan Income |
81,323 | ||||
| 13,000 | Legal &General Group Ord Shares of0.025p each | 34,606 | 39,390 | |||
| 60,000 | Legal and General UT Managers Dynamic Inc GBP |
Bd Trust | I | 34,968 | 32,580 | |
| 70,000 | Lloyds Banking Group Ordinary Shares of |
0.10p each | 43,750 | |||
| 27,500 | Link Fund Solutions Ltd Milton UK Multi Cap inc 8 |
55,146 | 52,987 | |||
| 20,398 | Link Fund Solutions CF Ruffer Total Return |
I inc | 70,696 | 63,668 | ||
| 18,300 | Link Fund Solutions Ltd Trojan 5 Inc NAV |
52,333 | 48,877 | |||
| 140 | L'Oreal EURO.20 | 31,317 | ||||
| 1,470 | Lyxor USTIPS UCITS ETFMonthly Hedged |
D-GBP | 165,890 | 93,967 | ||
| (2019910) | ||||||
| 36,000 | M & G Investment Management Ltd Optical Income Stg I Inc |
54,396 | ||||
| 41,000 | Man Fd Mgt UK Ltd - GLG JPN Core Alpha | Prof | 75,604 | |||
| 14,079 | Melrose Industries PLC Ord GBP0.0686 |
25,068 | 33,804 | |||
| 23,400 | Mercantile Investment Trust 25p Ord Shares |
57,915 | 61,308 | |||
| 240 | Microsoft Corp Com USD 0.00000625 | 39,056 | ||||
| 8,700 | NB Private Equity Partners Ltd Class A Ord Shs USD 0.01 |
101,355 | 105,270 |
| Market | Market | |||
|---|---|---|---|---|
| Fixed asset investments (continued) |
value | value | ||
| 2020 | 2019 | |||
| E | E | |||
| 2,016 | National Grid Ordinary Shares od 0.113953peach |
17,438 | 19,037 | |
| 26,000 | North American Income Tst PLC Ord 60.25 |
78,910 | ||
| 550 | Novartis AG CHF0.50 (Regd) |
38,036 | 39,402 | |
| 950 | Persimmon GBP0.10Ord Shares |
26,287 | ||
| 8,500 | Polar Capita I Funds Globa I Convertible |
81,430 | 69,020 | |
| 900 | Rio Tinto PLC Ord Shares of10p each | 49,230 | 40,527 | |
| 560 | Reckitt Benckiser Ord Shares of 10p each | 36,635 | 34,322 | |
| 3,290 | Rolls Royce Holdings Ord 20p shares |
22,477 | ||
| 2,850 | Royal Dutch Shell "8"Ordinary Shares of0.07Euro each |
35,893 | 63,826 | |
| 150 | Samarang Asset Management Asian Prosperity GBP |
A1 | 44,949 | |
| 320 | SAP SEOrd NPV | 30,777 | ||
| 9,500 | Scottish Mortgage inv Trust Ord GBP0.05 |
115,330 | 55,005 | |
| 29,727 | SDCL Energy Efficiency Inc Tst Ord GBP0.01 | 31,659 | 31,957 | |
| 10,000 | Standard Chartered PLC ORD USD0.50 |
46,590 | ||
| 102.23 | Veritas Funds Pic Gbl Eqty Inc Stg D GBP Dis | 21,838 | ||
| 920 | Unilever PLC Ord GBP0.031111 |
40,406 | ||
| 31,000 | Vodafone Group Ord Shares of0.2095238 US$ | 37,491 | 22,366 | |
| (201915,240) | ||||
| 210 | VISA Inc Com Stk USD0.0001 'A' | 33,599 | ||
| 4,000 | Xtrackers ETC PLC Physical Gold ETC GBP HDG |
94,530 | ||
| Total Market Value | 3,324,747 | 3,555,836 |
| Listed | |
|---|---|
| investments | |
| Cost or valuation | |
| At 1January 2020 | 3,555,836 |
| Additions | 522,478 |
| Revaluation of investments |
(46,380) |
| Gain/(loss) of investments | 79,586 |
| Disposals | (786,773) |
| At 31December 2020 | 3,324,747 |
| Carrying amount | |
| At 31December 2020 | 3,324,747 |
| At 31December 2019 | 3,555,836 |
| Debtors | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Amounts | falling due within one year: | E | f | |
| Prepayments | and accrued income | 6,160 | 4,812 |
| 15 | Creditors: amounts | Creditors: amounts | falling due within | falling due within | falling due within | one year | |||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| E | E | ||||||||
| Other taxation | and | social security | 4,190 | 559 | |||||
| Other creditors | 200 | 200 | |||||||
| Accruals and deferred | income | 5,700 | 5,700 | ||||||
| 10,090 | 6,459 | ||||||||
| 16 | Related party | transactions | |||||||
| Remuneration | ofkey | management | personnel | ||||||
| The remuneration | of | key management | personnel | is as follows. | |||||
| 2020 | 2019 | ||||||||
| E | E | ||||||||
| Salary | 32,000 | 32,000 | |||||||
| Transactions | with | related parties | |||||||
| During the year the TTBSentered | into | the following transactions | with related parties: | ||||||
| 2020 | 2019 | ||||||||
| E | E | ||||||||
| Key management | personnel | 7,000 | 7,000 | ||||||
| 7,000 | 7,000 |
| TRUSTEES | TRUSTEES | |||
|---|---|---|---|---|
| W. H. BEATON | .1897-1904 | |||
| SIRS.B.BOULTON eaw | .1897-1914 | |||
| E.G. PRICE | .1897-1922 | |||
| W. L.T.FOY. | .1905-1911 | |||
| C.T. F.CHURCHILL | .1912-1925 | |||
| L.H. NEAME | .1914-1924 | |||
| SIR KEITH W. PRICE | 1922-1956 | |||
| C.S.GORDON CLARK. | 1925-1943 | |||
| C.J.MORGAN. | 1925-1929 | |||
| SIR WILLIAM J.MALLINSON | eAw | 1930-1944 | ||
| HERBERTG.SHARP. | 1944-1956 | |||
| NORMAN A. WRIGHT |
1945-1959 | |||
| HUBERT B.ELLIOT. | 1957-1963 | |||
| STANLEY C. LONGHURST ceo | Jp. | 1957-1971 | ||
| WILLIAM BURNS | 1960-1961 | |||
| DONALD E.WRIGHT TDJP. | 1962-1992 | |||
| CLIFFORD B.NORTH | 1963-1977 | |||
| GEORGE C. HUGHES | 1971-1982 | |||
| CECIL D.WOODBURN-BAMBERGER | ceE | 1978-1985 | ||
| CHRISTOPHER G.A. LATHAM | FCA | 1982-1991 | ||
| ROGER H. MASON. | 1985-1987 | |||
| A. W. BURNS | 1987-2005 | |||
| W. JOHN ALSFORD .. | 1991-1995 | |||
| W. DENIS BUTLER | 1992-2006 | |||
| J.BARRY LEWIS | 1996-2012 | |||
| JOHN HUCKMAN | ..2001-2011 | |||
| IAN NORTH .. | 2004-2017 | |||
| IAN MENZIES | 2007-2018 | |||
| DAVID FRANCIS | 2012- | |||
| RICHARD BAGNALL | 2013— | |||
| BARBARA CARTWRIGHT . | 2018- | |||
| ROBERT BRUCE | 2019- |
NOTES 31
TTBS TIMBER TRADES, BENEVOLENT SOCI