##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||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