**The Billmeir Charitable Trust** Financial Statements Year Ended 5 April 2023 Charity No.: 208561
## **The Billmeir Charitable Trust**
**Report and Financial Statements for the year ended 5 April 2023**
**Contents Page:** 1 Reference and administrative information 2-5 Report of the Trustees 6-7 Independent Auditor's Report 8 Statement of Financial Activities 9 Balance Sheet 10-15 Notes forming part of the Financial Statements 16 Appendix **Trustees** Jason Whitaker Suzanne Jane Marriott Max Whitaker **Registered Office/Address** BDO LLP, 55 Baker Street, London, W1U 7EU **Charity Correspondent** Tom Payne **Bankers** Natwest Bank Plc, Finsbury Square Branch, PO Box 549, 78 Finsbury Pavement, London, EC2A 1JA **Accountants** BDO LLP, 55 Baker Street, London, W1U 7EU **Independent Examiner** Perrys Accountants Limited, Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 1NR **Legal Advisor** Charles Russell Speechlys, 5 Fleet Place, London, EC4M 7RD **Charity Registration Number** 208561
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## **The Billmeir Charitable Trust**
## **Report of the Trustees for the year ended 5 April 2023**
The Trustees present their report for the year ended 5 April 2023 under the Charities Act 2011, together with the financial statements for the year, and confirm that they comply with the requirements of the Act, the Trust Deed and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland (FRS102) effective 1 January 2015. **- Organisational and Decision Making Structure** The Trustees are considered to be the Key Management Personnel of the Trust and are actively involved in the administration of the Trust. The Trustees meet annually to review applications for funding, investment performance, income levels and the financial statements. In between the Trustees' Meetings, relevant applications are considered and presented for consideration at the Annual Meeting. **Structure, Governance and Management** The Billmeir Charitable Trust is an unincorporated registered charity, established by Deed on 6 March 1956. Under the terms of the Deed, the Trustees have an absolute discretion to pay or apply the Trust Fund and the Income thereof for the benefit of, or in furtherance of, any charitable purpose wheresoever situated. The Trustees are considered to be the Key Management Personnel of the Trust and are actively involved in the administration of the Trust. Trustees serve an indefinite term based on their relative experience and contribution to the Charity as a whole. The Trustees keep the skill requirements of the Trustee body under review and in the event that a Trustee retires or additional new Trustees are required, the existing Trustees collectively discuss the change. There is no formal induction or training of new Trustees. However, appointment is by nomination and the Trustees review the skills of each nominated person to select members with the relevant experience and skills. On the agreement of all existing Trustees, a new Trustee may be recruited. The background to the Charity is provided to the prospective new Trustee before appointment and further information is then shared at the annual Trustees' meetings. This information includes a brief history of the Charity, a copy of the previous year's financial statements, a copy of the previous Trustees' Minutes, and a copy of the governing Trust Deed. Funding requests are received by the Charity correspondent who then forwards the relevant applications to the Trustees for consideration. All Trustees give their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in note 4 to the accounts. Trustees are required to disclose all relevant interests and in accordance with the Charity's policy withdraw from decisions where a conflict of interest arises. **Risk Management** The Trustees are responsible for the management of the risks faced by the charity. Risks are identified and assessed and controls are established throughout the year. A formal review of the charity's risk management process is undertaken on an annual basis. The key controls used by the charity include formal agendas and minutes for all Trustee meetings, comprehensive planning, budgeting and accounting and clear authorisation and approval levels of all grants and other expenditure.
Through the risk management processes established, the Trustees are satisfied that the major risks identified have been adequately managed. The major risks identified by the Trustees are financial, being the volatility of investment returns on the managed portfolio and the proper use of the grants given by the Trust each year.
2
## **The Billmeir Charitable Trust**
## **Report of the Trustees for the year ended 5 April 2023 (continued)**
## **Object, Objectives and Principal Activities for the Public Benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charities aims and objectives and planning future activities and setting the grant making policy for the year. The current main aims of the Charity are: **-** To support charitable causes which are of particular interest to each individual Trustee together with causes which are of interest to the Trustees as a whole. **-** To provide charitable funding in accordance with the governing Trust Deed and the objects contained **-** To maintain resources at a reasonable level in order to continue to provide general charitable assistance in the foreseeable future. The main objectives for the year are shaped by these strategic aims with a view to continuing to fund chosen general charitable causes in line with the Trust Deed. The Charity carries out these aims and objectives by: **-** Providing funding to recognised charitable institutions. **-** Providing donations to other registered charitable organisations which provide research, support and care for the benefit of the public as a whole. **Grant Making Policy** The Charity has established its grant making policy to achieve its objectives for the benefit of the public in general. The Trustees search for appropriate beneficiaries principally in Surrey. Unsolicited applications are not welcome, and are very rarely successful. In a typical year around 50 grants are made, of which up to 30 may be described as regular. Financial circumstances will be relevant only in determining the amount of an award. The Trustees have a particular focus on education and bursary provision mainly through endowments. This serves the community by promoting inclusion and diversity, and providing long term benefits and opportunities via a sustainable funding model. The Trustees request reports from the recipients of their donations to provide details of how grants have been allocated and spent. Grants are only continued where the applicant provides sufficient relevant information to the Trustees and satisfies the Trustees that continuation of funding is in the interest of the Charity and are a benefit to the public as a whole. **Achievements and Performance** The total income of the Trust for the year ended 5 April 2023 was £43,723 higher than during the previous year. The Trustees are satisfied with the level of income received and that they have distributed and monitored a suitable level of donations to various organisations in line with the Trusts' objectives. It is apparent from the feedback received by the Trustees that the amounts provided to organisations have had a positive affect on their circumstances.
The Charity has established its grant making policy to achieve its objectives for the benefit of the public in general. The Trustees search for appropriate beneficiaries principally in Surrey. Unsolicited applications are not welcome, and are very rarely successful. In a typical year around 50 grants are made, of which up to 30 may be described as regular. Financial circumstances will be relevant only in determining the amount of an award. The Trustees have a particular focus on education and bursary provision mainly through endowments. This serves the community by promoting inclusion and diversity, and providing long term benefits and opportunities via a sustainable funding model. The Trustees request reports from the recipients of their donations to provide details of how grants have been allocated and spent. Grants are only continued where the applicant provides sufficient relevant information to the Trustees and satisfies the Trustees that continuation of funding is in the interest of the Charity and are a benefit to the public as a whole.
Investments are shown at fair value rather than cost in accordance with the Statement of Recommended Practice: Accounting by Charities. In the year to 5 April 2023, the Charity made a net realised gain on disposal of listed investments of £77,476 (year ended 5 April 2022: £99,634) and an unrealised loss on listed investments of £717,451 (year ended 5 April 2022: gain of £796,803). The Trustees feel that the net gains were in line with the general economic environment and are happy that the performance of the portfolio is in line with their longer term expectations.
3
## **The Billmeir Charitable Trust**
## **Report of the Trustees for the year ended 5 April 2023 (continued)**
## **Financial Review (Including Reserves Policy)**
The Trustees are pleased to report income resources for charitable purposes of £252,018 (year ended 5 April 2022: £208,295). Donations of £215,500 (year ended 5 April 2022: £173,600) were granted in the year.
The grant administration and governance costs of the Charity for the year ended 5 April 2023 were £14,854 (year ended 5 April 2022: £14,074). The Trustees report an income surplus held at 5 April 2023 of £855,224 (year ended 5 April 2022: £822,336). The Trustees have a balanced investment policy which is medium to high on the basis this generates additional returns over the loan term. They aim to maintain free reserves in unrestricted funds at a level which is sufficient to distribute the appropriate level of income of the fund for the year whilst retaining capital for the maintenance and growth of the fund. **Investment Policy** The Charitable Trust Deed confers upon the Trustees wide powers of investment, in all respects, as if they were absolute owners beneficially entitled to the underlying assets. At present the Charity's funds comprise listed securities and cash. These are managed on a discretionary basis by Quilter Cheviot. Trust monies requiring investment under the Trust may be invested in the purchase of such stocks, funds, shares, securities or other investments of whatsoever nature as the Trustees shall in their absolute discretion think fit. The Trustees shall have the same full and unrestricted powers of investing and converting investments in all other respects as if they were absolutely entitled to the Trust Fund beneficially. The Trustees' policy is to invest the fund available in a secure market, endeavouring to obtain a reasonable income, compatible with protection of the capital value involved and taking into account inflationary factors. The Trustees monitor the performance of the investments in line with their short and long term aims and objectives, as well as undertaking regular reviews with the investment managers throughout the financial year. The Trustees confirm that the Charity's assets are sufficient to fulfil its obligations in respect of unrestricted funds and that all investments held by them on behalf of the charity have been acquired in accordance with the powers available to them under the Trust Deed. **Plans for the Future** The Trustees will continue to distribute the income of the Unrestricted Fund each year and any income surplus brought forward whilst maintaining the capital of the Fund. The income resources available for charitable purposes for the next year (to 5 April 2024) are expected to be around £235,000. The Trustees are aiming to distribute income as they see fit during the year ended 5 April 2024. The Trustees will continue to direct the Charity's funds to general charitable causes which they think fit as laid out in the governing Trust Document.
## **The Accounts**
The Trustees are satisfied with the financial position of the Charity and confirm that they have adequate assets available to fulfil their obligations.
- (1) All cash is held on interest bearing bank accounts.
- (2) The accounts comply with current statutory requirements.
- (3) Investments have been acquired in accordance with the powers contained within the governing Trust Document.
4
## **The Billmeir Charitable Trust**
## **Report of the Trustees for the year ended 5 April 2023 (continued)**
## **Trustees' Responsibilities in Relation to the Financial Statements**
The Trustees are responsible for preparing the Trustees' report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the income and expenditure of the Trust for that period. In preparing these accounts, the Trustees are required to: **-** select suitable accounting policies and then apply them consistently; **-** observe the methods and principles in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance With the Financial Standard applicable in the UK and Republic of Ireland (FRS102); **-** make judgements and estimates that are reasonable and prudent; **-** state whether United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and **-** prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with relevant legislation. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. **Signed on behalf of the Trustees by Suzanne Jane Marriott Date:** Trustee
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**Independent Auditor’s Report to the Trustees of the The Billmeir Charitable Trust**
## **Opinion**
We have audited the financial statements of The Billmeir Charitable Trust for the year ended 5 April 2023 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. In our opinion the financial statements: give a true and fair view of the state of the Charity’s affairs as at 5 April 2023 and of its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; Accounting Practice; have been prepared in accordance with the requirements of the Charities Act 2011. **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. **Other information** The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
give a true and fair view of the state of the Charity’s affairs as at 5 April 2023 and of its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Charities Act 2011. **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable
of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, and we have fulfilled our other ethical
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
the information given in the trustees’ report is inconsistent in any material respect with the financial statements;
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
6
**Independent Auditor’s Report to the Trustees of the The Billmeir Charitable Trust Responsibilities of trustees** As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. **Auditor’s responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory framework applicable to the charity. The charity is complying with the legal and regulatory framework by engaging professional advisers. The laws and regulations we have identified as being of significance in the context of the chatiry are the Charities Act 2011. Our assessment of the susceptibility of the charity’s financial statements to material misstatement is that the susceptibility is low. The engagement partner considers that the engagement team collectively have the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations due to their experience and training. No matters of non-compliance with laws and regulations or fraud were communicated to the engagement team. A further description of our responsibilities is available on the Financial Reporting Council’s website at www.frc.org.uk / auditors / audit-assurance / auditors responsibilities for the audit / description of the auditors responsibilities for the audit of the financial statements. **Steve Hale FCA FCCA** on behalf of Perrys Accountants Limited Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR Date
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial
7
## **The Billmeir Charitable Trust**
|**The Billmeir Charitable Trust**|**The Billmeir Charitable Trust**|**The Billmeir Charitable Trust**||
|---|---|---|---|
|**Statement of Financial Activities for the year ended 5 April 2023**||||
|**Notes**
**Income**
**Account**
**£**
**Income from**
Investments
**2**
248,201
Bank Interest
4,100
**Total**
252,301
**Expenditure on**
Investment Management Costs
-
Charitable Activities
Support Costs
**3**
3,913
Activities Undertaken
**3**
215,500
**Total**
219,413
32,888
Net gains/(losses) on investments
**7**
-
**Net movement in funds**
32,888
Total funds at 6 April 2022
822,336
**Total funds at 5 April 2023**
855,224
The notes on pages 10 to 15 form part of these financial statements
**Net income/(expenditure) before net**
**investment gains/(losses)**
8
DRA|**Capital**
**Account**
**£**
(283)
-
(283)
28,449
10,941
-
39,390
(39,673)
(639,975)
(679,648)
6,905,646
6,225,998
F|**Total**
**Unrestricted**
**Funds**
**£**
**247,918**
**4,100**
**252,018**
**28,449**
**14,854**
**215,500**
**258,803**
**(6,785)**
**(639,975)**
**(646,760)**
**7,727,982**
**7,081,222**
T|**2022**
**£**
208,243
52
|
||||208,295
|
||||28,198
14,074
173,600
|
||||215,872
|
||||(7,577)
896,437
|
||||888,860
6,839,122
|
||||7,727,982
|
|||||
## **The Billmeir Charitable Trust**
## **Balance Sheet as at 5 April 2023**
**----- Start of picture text -----**
Notes 2023 2022
£ £ £ £
Fixed Assets
Investments 7 6,269,816 7,200,863
Cash with Investment Manager 7 291,474 11,713
6,561,290 7,212,576
Current Assets
Cash at bank and in hand 540,422 521,829
540,422 521,829
Current Liabilities
Creditors: amounts falling due within one year 8 (20,490) (6,423)
Net current assets 519,932 515,406
Total net assets 7,081,222 7,727,982
Funds of the Charity
Unrestricted Capital Account 6,225,998 6,905,646
Unrestricted Income Account 855,224 822,336
7,081,222 7,727,982
Approved by the Trustees and signed on their behalf by:
Suzanne Jane Marriott Date:
Trustee
The notes on pages 10 to 15 form part of these financial statements
9
DRAFT
**----- End of picture text -----**
## **The Billmeir Charitable Trust**
## **Notes to the financial statements for the year ended 5 April 2023**
## **1 Principal Accounting Policies**
## **(a) Basis of Accounting**
These accounts have been prepared for the year to 5 April 2023. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts. The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (Charities SORP FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The Trust constitutes a public benefit entity as defined by FRS 102. The accounts are presented in sterling and are rounded to the nearest pound. **Assessment of Going Concern** The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect to a period of one year from the date of approval of these accounts. At the year end the Trust had positive unrestricted reserves. The Trustees believe that the Trust's financial statements should be prepared on a going concern basis on the grounds that the Trust has sufficient liquid resources and that the Trustees have the power under the Trust Deed to utilise the expendable capital account for charitable purposes at their discretion if required. The Trustees have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Trust to continue as a going concern. The Trustees are of the opinion that the Trust will have sufficient resources to meet its liabilities as they fall due. The most significant areas of judgement that affect items in the accounts are detailed above. With regard to the next accounting period, the year ending 5 April 2024, the most significant areas that affect the carrying value of the assets held by the Trust are the level of investment return and the performance of the investment markets (see the investment policy and the risk management sections of the Trustees report for more information). **Fixed Asset Investments** Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The Trust does not acquire put options, derivatives or other complex financial instruments. As noted above the main form of financial risk faced by the Trust is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
## **(b) Assessment of Going Concern**
## **(c) Fixed Asset Investments**
Realised gains (or losses) on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.
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**Notes to the financial statements for the year ended 5 April 2023**
## **The Billmeir Charitable Trust**
## **(d) Debtors**
Debtors are recognised at their settlement amount, less any provision for non-recoverability. They have been discounted to the present value of the future cash receipt where such discounting is material.
## **(e) Cash at the Bank in Hand**
Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. **(f) Creditors and Provisions** Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the Trust anticipates it will pay to settle the debt. **(g) Income Recognition** All income is recognised in the period in which the charity is entitled to receipt, the amount can be measured with reasonable certainty, and it is probable that the income will be received. Dividends and interest from listed investments, including associated tax credits, are credited to the statement of financial activities when they are receivable by the charity. Bank interest is credited to the statement of financial activities when it is receivable by the charity. **(h) Expenditure Recognition** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including costs and governance costs are allocated or apportioned to the applicable expenditure headings. Expenditure is included in the statement of financial activities when incurred and includes attributable VAT which cannot be recovered The costs of raising funds comprise those costs directly attributable to managing the charity's investment portfolio and raising investment income. Charitable activities comprise grants payable in pursuance of the objectives of the Charity and in meeting the costs of administering the donations. Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching to them are fulfilled. Grants offered subject to conditions which have not been met at the year end, are noted as commitments but not accrued as expenditure in the accounts. Charitable activities also comprise governance costs which include costs which are directly attributable to legal procedures necessary for compliance with statutory requirements. **(i) Foreign Currencies**
Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the Trust
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including costs and governance costs are allocated or apportioned to the applicable expenditure headings. Expenditure is included in the statement of financial activities when incurred and includes attributable VAT which cannot be recovered The costs of raising funds comprise those costs directly attributable to managing the charity's investment portfolio and raising investment income.
Charitable activities comprise grants payable in pursuance of the objectives of the Charity and in meeting the costs of administering the donations. Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching to them are fulfilled. Grants offered subject to conditions which have not been met at the year end, are noted as commitments but not accrued as expenditure in the accounts.
Assets and monetary liabilities in other currencies at the balance sheet date are translated into pounds sterling at the rate ruling on that date. Transactions during the year have been translated into pounds sterling at the rate ruling on the date of the transaction. Exchange differences arising during the year are dealt with In the Income account or the capital account.
## **(j) Funds Added**
Funds added to the Trust are credited to the capital account when receivable.
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## **The Billmeir Charitable Trust**
## **Notes to the financial statements for the year ended 5 April 2023**
## **(k) Unrestricted Funds**
The Charity has two unrestricted funds which are capital and income. It is the Trustees intention that income is to be applied to or for the benefit of exclusively such objects or purposes as are for the time being charitable in law and that the capital account may be applied in the same manner as far as necessary.
|**(l)**
**2**
**3**|**Taxation**
**Investment Income**
**2023**
**2022**
**£**
**£**
Income from Listed Securities
**238,930**
199,855
Interest received
**9,271**
8,388
Accrued interest purchased in the year
**(283)**
-
**247,918**
208,243
**Charitable Activities**
**Activities**
**Undertaken**
**Directly**
**(see note 5)**
**Support**
**Costs**
**(see note 6)**
**Total**
**2023**
**Total**
**2022**
**£**
**£**
**£**
**£**
Arts and Culture
22,000
1,516
**23,516**
24,865
Education
77,500
5,342
**82,842**
66,053
Medical Research/Aid
65,500
4,515
**70,015**
47,027
Religious Activities
14,000
965
**14,965**
7,568
Relief for those in need
26,500
1,827
**28,327**
28,648
Other Charitable Purposes
10,000
689
**10,689**
13,513
215,500
14,854
**230,354**
187,674
The Trust is a registered charity under the Charities Act 2011 and is not liable to UK income, corporation or
capital gains tax on its income and chargeable gains as these fall within the various exemptions available to
registered charities.
DRAFT|
|---|---|
|**4**|**Information regarding Trustees and Employees**|
||The Trust had no employees. No Trustee received remuneration or reimbursement of expenses during the|
||year. The Trustees have not purchased indemnity insurance. Suzanne Jane Marriott, Trustee, is a Partner in|
||Charles Russell Speechlys LLP who provide legal support to the Trust. In the year ended 5 April 2023, legal|
||costs of £3,115 were charged to the Trust by Charles Russell Speechlys LLP (2022: £2,902).|
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## **The Billmeir Charitable Trust**
## **Notes to the financial statements for the year ended 5 April 2023**
|**5**|**Donations**|**2023**|**2022**|**2022**|
|---|---|---|---|---|
|||**£**|**£**||
||ABF The Soldiers Charity|**10,000**||10,000|
||All Saints Church of England School (Tilford)
**-**
Alzheimer's Society (Elstead Area)
**3,000**
Arundel Castle Cricket Foundation
**3,500**
British Red Cross - Ukraine Appeal
**-**
Challengers (formerly Disability Challengers)
**2,500**
Crohn's and Colitis UK
**2,000**
Dementia UK
**-**
Diabetes Research Foundation
**10,000**
Elstead Recreational Trust
**5,000**
Elstead (Thursley Road) Recreational Trust
**-**
Emmaus UK
**2,000**
Farringdon Learning
**5,000**
Frimley Health Charity
**-**
Gainsborough's House Society
**2,000**
GASP Motor Project
**2,000**
Historic Royal Palaces
**1,000**
Home-Start (Surrey Area)
**2,000**
Huckleberry Foundation
**-**
Imperial War Museum
**1,500**
Institute for Cancer Vaccines and Immunotherapy
**2,000**
Linden Lodge Charitable Trust
**2,000**
Marlborough College
**25,000**
Motor Neurone Disease Association
**5,000**
Music In Hospitals
**2,000**
Northwood African Education Foundation
**3,000**
Oakleaf
**2,000**
Parochial Church Council of St. James, Elstead
**7,000**
Parochial Church Council of St. Michael's Church, Inkpen
**1,000**
Reed's School, Cobham
**20,000**
Rodborough
**1,000**
Royal Marsden Cancer Charity
**-**
DRAFT|||1,500
3,000
3,500
2,000
2,500
2,000
1,000
-
-
1,530
-
4,200
2,500
6,000
-
-
2,000
4,400
-
2,000
2,000
20,000
5,000
2,000
2,000
2,000
7,000
1,000
15,000
-
1,000|
||Sarcoma UK|**7,000**||-|
||St James Primary School|**8,500**||-|
||St Mary's Church Little Coxwell|**2,000**||-|
||Surrey Air Ambulance|**5,000**||5,000|
||Surrey Community Foundation|**5,000**||5,000|
||Surrey Crossroads (Crossroads Care)|**2,500**||2,500|
||Surrey Drug and Alcohol Care|**1,000**||1,000|
||Balance carried forward|**152,500**|118,630||
13
## **The Billmeir Charitable Trust**
## **Notes to the financial statements for the year ended 5 April 2023**
|**5**
**Donations (continued)**
Balance brought forward
The Inkpen Memorial Playing Field
The New Ashgate Gallery
The Royal Surrey Charity
The Watts Gallery
Three Pillars Project
Time-2-Talk
Treloar School and College
United Reformed Church Elstead
Wellington College Foundation
Woodlarks Campsite Trust
Woodlarks Centre (formerly Woodlarks Workshop)
Donations to organisations under £1,000: 1 (2022: 2)
**Total donations (note 3)**
**6**
**Support Costs**
**Income**
**2023**
**£**
Accountancy Fees
3,633
Independent examiners fees
280
Legal fees
-
3,913
14
DRA|**Capital**
**2023**
**£**
7,266
560
3,115
10,941
F|**2023**
**£**
**152,500**
**-**
**5,000**
**2,000**
**10,000**
**1,000**
**2,000**
**2,500**
**5,000**
**25,000**
**5,000**
**5,000**
**500**
**215,500**
**Total**
**2023**
**£**
**10,899**
**840**
**3,115**
**14,854**
T|**2022**
**£**
118,630
5,000
5,000
-
10,000
1,000
-
2,500
-
20,000
5,000
5,000
1,470
|
|---|---|---|---|
||||173,600
|
||||**Total**
**2022**
**£**
10,332
840
2,902
|
||||14,074
|
|||||
## **The Billmeir Charitable Trust**
## **Notes to the financial statements for the year ended 5 April 2023**
## **7 Fixed Asset Investments**
|**7**|**Fixed Asset Investments**||
|---|---|---|
||The portfolio is structured to provide a wide range of diversification to|protect the Trust's assets, and to|
||provide a balance between income and capital growth in accordance With|the FTSE All Share Index.|
||**2023**|**2022**|
|**8**|**£**
**£**
**£**
**£**
Market value at 6 April 2022
**7,200,863**
6,131,265
Acquisitions
**365,075**
415,928
Disposals
**(656,147)**
(242,767)
**(291,072)**
173,161
Realised gain/(loss)
**77,476**
99,634
Unrealised gain/(loss)
**(717,451)**
796,803
**(639,975)**
896,437
Market Value at 5 April 2023
**6,269,816**
7,200,863
Cash held with investment managers
**291,474**
11,713
**6,561,290**
7,212,576
The following investments in the portfolio exceeded 5%:
**Market Value**
Astrazeneca plc
347,820
5.3%
**Creditors: Amounts falling due within one year**
**2023**
**2022**
**£**
**£**
Accountancy fees
**3,150**
2,583
Independent examination fees
**840**
840
Donations payable
**16,500**
3,000
**20,490**
6,423
DRAFT||
||15||
The Billmeir Charitable Trust
Appendlx
Schedule of Investments
5 April 2023
16
|||**The Billmeir Charitable Trust**|||||||
|---|---|---|---|---|---|---|---|---|
|||**Schedule of Investments for the year ended 5 April**|**2023**||||||
|**Units**
**Cost**
**Value**
**Units**
**Cost**
**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
**£**
**£**
**£**
Aberdeen European Logistics Income Plc ord GBP0.01
06-Apr-22
b/fwd
75,000
77,020
83,250
05-Apr-23
c/fwd
75,000
Advanced Micro Devices Inc Com
06-Apr-22
b/fwd
875
60,877
71,482
05-Apr-23
c/fwd
875
Allianz Global Investors GMBH Gilt Yield I
06-Apr-22
b/fwd
50,000
107,463
92,675
05-Apr-23
c/fwd
50,000
Allspring (Lux) Worldwide Fund Emerging Markets Equity Income Y GBP Dis
06-Apr-22
b/fwd
1,250
111,687
117,400
05-Apr-23
c/fwd
1,250
Alphabet Inc Capital Stk $0.001
06-Apr-22
b/fwd
150
107,205
322,562
27-Apr-22
Sale
25
45,559
17,867
27,692
21-Jun-22
Sale
60
109,289
42,882
66,407
18-Jul-22
Stock split
1,235
-
05-Apr-23
c/fwd
1,300
Altria Group Inc (Philip Morris)
06-Apr-22
b/fwd
2,000
5,432
80,516
05-Apr-23
c/fwd
2,000
Amazon Com Inc
06-Apr-22
b/fwd
30
63,418
75,279
06-Jun-22
Stock Split
570
-
05-Apr-23
c/fwd
600
Apple Inc
**Opening Balances**
**Acquisitions**
**Disposals**
DRAFT||||||**Cost**
**£**
77,020
60,877
107,463
111,687
46,455
5,432
63,418
**Closing**|**Value**
**£**
52,500
64,996
76,170
100,963
108,991
71,312
48,681|**Income**
**£**
3,593
-
873
4,985
-
5,254
-|
|06-Apr-22
b/fwd
800
17,517|107,105||||||||
|05-Apr-23
c/fwd|||||800|17,517|105,136|523|
1
|||**The Billmeir Charitable Trust**||||||
|---|---|---|---|---|---|---|---|
|||**Schedule of Investments for the year ended 5 April**|**2023**|||||
|**Units**
**Cost**
**Value**
**Units**
**Cost**
**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
**£**
**£**
**£**
**Opening Balances**
**Acquisitions**
**Disposals**
Ares Management Corporation Com
06-Apr-22
b/fwd
3,500
79,067
217,831
27-Apr-22
Sale
750
43,022
16,943
26,079
05-Apr-23
c/fwd
2,750
Assura Plc ord GBP0.10
06-Apr-22
b/fwd
112,500
89,580
77,231
05-Apr-23
c/fwd
112,500
Astrazeneca plc
06-Apr-22
b/fwd
3,000
82,102
310,020
05-Apr-23
c/fwd
3,000
Baillie Gifford & Co Japanese Income Growth W4 Dis
06-Apr-22
b/fwd
90,000
124,549
128,070
05-Apr-23
c/fwd
90,000
Blackrock Fund Managers Ltd Continental European Income D Units Inc
06-Apr-22
b/fwd
60,000
98,305
107,247
05-Apr-23
c/fwd
60,000
BBGI SICAV S.A
06-Apr-22
b/fwd
50,000
76,945
87,100
05-Apr-23
c/fwd
50,000
BHP Group Ltd NPV (DI)
06-Apr-22
b/fwd
5,000
77,108
148,225
25-May-22
Bonus from other stock
5,000
-
01-Jun-22
Scheme of Arrangement (Woodside Energy)
(5,000)
-
05-Apr-23
c/fwd
5,000
Chevron Corporation Com USD0.75
06-Apr-22
b/fwd
800
62,757
99,947
DRAFT|||||**Cost**
**£**
**Closing**
62,124
89,580
82,102
124,549
98,305
76,945
77,108|**Value**
**£**
174,832
55,125
347,820
121,950
109,342
76,000
120,625|**Income**
**£**
5,097
3,465
7,176
3,312
3,797
5,573
11,292|
|05-Apr-23
c/fwd||||800|62,757|109,065|3,244|
|||2||||||
||||**The Billmeir Charitable Trust**|||||
|---|---|---|---|---|---|---|---|
||||**Schedule of Investments for the year ended 5 April**|**2023**||||
|Chrysalis Investments Ltd ord NPV
06-Apr-22
b/fwd
12-Jul-22
Sale
13-Jul-22
Sale
05-Apr-23
c/fwd
Coca-Cola Co Com
06-Apr-22
b/fwd
05-Apr-23
c/fwd
Diageo Plc
06-Apr-22
b/fwd
05-Apr-23
c/fwd
Doric Nimrod Air Two Ltd
06-Apr-22
b/fwd
05-Apr-23
c/fwd
Enel Spa
06-Apr-22
b/fwd
05-Apr-23
c/fwd
Experian Plc
06-Apr-22
b/fwd
05-Apr-23
c/fwd
Exxon Mobil Corporation Com NPV
06-Apr-22
b/fwd
21-Jun-22
Purchase
05-Apr-23
c/fwd
Ferguson Plc GBP0.10
06-Apr-22
b/fwd|**Units**
**Cost**
**Value**
**Units**
**Cost**
**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
**£**
**£**
**£**
**Opening Balances**
**Acquisitions**
**Disposals**
52,500
124,950
93,030
47,973
43,985
114,176
(70,190)
4,527
4,147
10,774
(6,627)
-
1,800
75,840
85,996
1,800
3,250
9,860
129,334
3,250
50,000
97,958
36,250
50,000
7,500
55,285
38,992
7,500
5,000
58,816
147,850
5,000
-
-
-
1,000
74,706
1,000
1,421
47,838
142,100
DRAFT||||**Cost**
**£**
**Closing**
-
75,840
9,860
97,958
55,285
58,816
74,706|**Value**
**£**
-
90,717
119,243
50,250
37,178
134,050
93,886|**Income**
**£**
-
2,275
2,476
9,000
1,878
2,183
1,921|
|05-Apr-23
c/fwd||||1,421|47,838|143,521|4,056|
||||3|||||
||||**The Billmeir Charitable Trust**|**The Billmeir Charitable Trust**|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||**Schedule of Investments for the**|**year ended 5 April**|**2023**||||||
|**Units**
**Cost**
**Value**
**Units**
**Cost**
**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
**£**
**£**
**£**
**Opening Balances**
**Acquisitions**
**Disposals**
First Sentier Investments: Stewart Investors Asia Pacific Leaders B Inc
06-Apr-22
b/fwd
35,000
76,710
108,749
05-Apr-23
c/fwd
35,000
Greencoat UK Wind Plc
06-Apr-22
b/fwd
96,923
106,326
150,715
05-Apr-23
c/fwd
96,923
GSK Plc ord GBP0.25
06-Apr-22
b/fwd
11,500
16,084
195,937
18-Jul-22
Cost adjustment
-
(2,920)
19-Jul-22
Consolidation
(11,500)
(13,163)
05-Apr-23
c/fwd
-
GSK Plc ord GBP0.3125
06-Apr-22
b/fwd
-
-
-
19-Jul-22
From consolidation
9,200
13,163
05-Apr-23
c/fwd
9,200
Haleon Plc ord GBP 0.01
06-Apr-22
b/fwd
-
-
-
18-Jul-22
Bonus from other stock
11,500
2,920
09-Sep-22
Sale
11,500
30,290
2,920
27,370
05-Apr-23
c/fwd
-
Harbourvest Global Private Equity ord NPV Sett
06-Apr-22
b/fwd
4,750
98,900
123,975
05-Apr-23
c/fwd
4,750
HICL Infrastructure Plc Ltd (formerly Hicl Infrastructure Co Ltd)
06-Apr-22
b/fwd
65,340
111,713
117,612
05-Apr-23
c/fwd
65,340
DRAFT||||||||**Cost**
**£**
**Closing**
76,710
106,326
-
13,163
-
98,900
111,713|**Value**
**£**
104,626
154,786
-
136,822
-
96,900
101,669|**Income**
**£**
371
7,482
2,645
4,370
-
-
5,391|
|Impax Environmental Markets ord|10p||||||||||
|06-Apr-22
b/fwd|12,000|50,202|55,920||||||||
|05-Apr-23
c/fwd|||||||12,000|50,202|49,860|480|
4
||||**The Billmeir Charitable Trust**||||||
|---|---|---|---|---|---|---|---|---|
||||**Schedule of Investments for the year ended 5 April**|**2023**|||||
|**Units**
**Cost**
**Value**
**Units**
**Cost**
**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
**£**
**£**
**£**
**Opening Balances**
**Acquisitions**
**Disposals**
Intermediate Capital Group Plc
06-Apr-22
b/fwd
9,000
82,342
162,495
05-Apr-23
c/fwd
9,000
International Public Partnership ord GBP0.0001
06-Apr-22
b/fwd
60,000
91,056
102,840
26-Apr-22
Open offer take-up
5,000
7,975
05-Apr-23
c/fwd
65,000
Jupiter Global Fund Sicav European growth
06-Apr-22
b/fwd
1,750
71,816
90,719
31-Mar-23
Offshore reportable income
-
363
05-Apr-23
c/fwd
1,750
JP Morgan Gbl Emerg Mrkts Inc Tst
06-Apr-22
b/fwd
55,000
76,666
74,250
05-Apr-23
c/fwd
55,000
JPMorgan Global Core Real Assets
06-Apr-22
b/fwd
125,000
126,060
117,500
05-Apr-23
c/fwd
125,000
Law Debenture Corp
06-Apr-22
b/fwd
18,000
108,054
145,260
05-Apr-23
c/fwd
18,000
Legal & General Group PLC
06-Apr-22
b/fwd
65,000
63,177
177,255
05-Apr-23
c/fwd
65,000
Mayfair Capital Investment Mgmt Ltd Property Inc Trust
06-Apr-22
b/fwd
92,338
85,000
89,859
05-Apr-23
c/fwd
92,338
DRAFT||||||**Cost**
**£**
**Closing**
82,342
99,031
72,179
76,666
126,060
108,054
63,177
85,000|**Value**
**£**
108,900
96,460
91,238
70,400
107,000
141,840
152,620
73,317|**Income**
**£**
7,434
4,778
363
2,860
5,063
5,423
12,162
3,929|
||||5||||||
|||**The Billmeir Charitable Trust**|||||
|---|---|---|---|---|---|---|
|||**Schedule of Investments for the year ended 5 April**|**2023**||||
|**Units**
**Cost**
**Value**
**Units**
**Cost**
**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
**£**
**£**
**£**
**Opening Balances**
**Acquisitions**
**Disposals**
Merck & Co Inc Com USD0.50
06-Apr-22
b/fwd
1,000
61,832
64,027
05-Apr-23
c/fwd
1,000
Microsoft Corp Com
06-Apr-22
b/fwd
700
78,331
166,428
05-Apr-23
c/fwd
700
NB Private Equity Partners Limited Class'A'Ord Shs
06-Apr-22
b/fwd
6,750
76,025
111,375
05-Apr-23
c/fwd
6,750
Nextra Energy Inc Com USD0.05
06-Apr-22
b/fwd
1,000
59,870
66,023
05-Apr-23
c/fwd
1,000
Novartis AG CHF0.50 Regd
06-Apr-22
b/fwd
750
51,902
50,662
05-Apr-23
c/fwd
750
Octopus Renewables Infra Tr Plc ord GBP0.01
06-Apr-22
b/fwd
77,941
80,669
87,606
10-Nov-22
Sale
77,941
82,812
80,669
2,143
05-Apr-23
c/fwd
-
Pantheon Infrastructure Plc ord GBP0.01
06-Apr-22
b/fwd
86,000
85,150
91,160
05-Apr-23
c/fwd
86,000
Pantheon Infrastructure Plc Sub Shs GBP0.01
06-Apr-22
b/fwd
17,200
851
912
20-Sep-22
Lapsed Offer
17,200
117
851
(735)
05-Apr-23
c/fwd
-
DRAFT||||**Cost**
**£**
**Closing**
61,832
78,331
76,025
59,870
51,902
-
85,150
-|**Value**
**£**
89,810
159,731
62,861
57,259
95,850
-
72,928
-|**Income**
**£**
1,979
1,289
5,341
1,234
1,407
3,063
1,720
-|
|||6|||||
||||**The Billmeir Charitable Trust**||||||
|---|---|---|---|---|---|---|---|---|
||||**Schedule of Investments for the year ended 5 April**|**2023**|||||
|**Units**
**Cost**
**Value**
**Units**
**Cost**
**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
**£**
**£**
**£**
**Opening Balances**
**Acquisitions**
**Disposals**
Pfizer Inc Com
06-Apr-22
b/fwd
2,270
73,848
88,955
05-Apr-23
c/fwd
2,270
Polar Capital Funds Automation & Artificial Intel S
06-Apr-22
b/fwd
4,500
53,955
62,865
30-Jun-22
Offshore reportable income
-
20
30-Jan-23
Sale
4,500
55,665
53,975
1,690
05-Apr-23
c/fwd
-
Prusik Investment Management LLP Asian Equity
06-Apr-22
b/fwd
800
111,413
130,432
05-Apr-23
c/fwd
800
Renishaw ord GBP0.20
06-Apr-22
b/fwd
500
29,941
19,160
25-Apr-22
Sale
500
19,739
29,941
(10,202)
05-Apr-23
c/fwd
-
Rio Tinto PLC
06-Apr-22
b/fwd
2,000
17,296
122,400
05-Apr-23
c/fwd
2,000
Royal London Asset Management Ethical Bond Z
06-Apr-22
b/fwd
90,000
107,818
100,620
05-Apr-23
c/fwd
90,000
Schneider Electric Se EUR4.00
06-Apr-22
b/fwd
525
55,732
66,555
05-Apr-23
c/fwd
525
Schroder Unit Trusts US Smaller Cos Z Inc
06-Apr-22
b/fwd
60,000
73,104
108,060
DRAFT||||||**Cost**
**£**
**Closing**
73,848
-
111,413
-
17,296
107,818
55,732|**Value**
**£**
75,692
-
128,362
-
105,660
87,912
65,664|**Income**
**£**
2,576
20
6,487
80
11,479
3,155
967|
|05-Apr-23
c/fwd|||||60,000|73,104|103,140|-|
||||7||||||
||||**The Billmeir Charitable Trust**|||||
|---|---|---|---|---|---|---|---|
||||**Schedule of Investments for the year ended 5 April**|**2023**||||
|**Units**
**Cost**
**Value**
**Units**
**Cost**
**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
**£**
**£**
**£**
**Opening Balances**
**Acquisitions**
**Disposals**
Sequoia Economic Infrast Inc Fd Ltd
06-Apr-22
b/fwd
141,970
148,356
145,377
05-Apr-23
c/fwd
141,970
Shell Plc ord EUR0.07
06-Apr-22
b/fwd
8,000
45,650
169,680
05-Apr-23
c/fwd
8,000
Siemens AG NPV
06-Apr-22
b/fwd
650
56,956
66,155
05-Apr-23
c/fwd
650
Smith (DS)
06-Apr-22
b/fwd
12,727
61,715
40,675
05-Apr-23
c/fwd
12,727
Supermarket Income REIT Plc ord GBP0.01
06-Apr-22
b/fwd
-
-
-
27-Apr-22
Purchase
80,000
96,800
05-Apr-23
c/fwd
80,000
T-Mobile US Inc Com USD 0.00001
06-Apr-22
b/fwd
-
-
-
21-Jun-22
Purchase
650
69,064
05-Apr-23
c/fwd
650
Tesco ord GBP0.063333
06-Apr-22
b/fwd
17,763
49,014
48,795
05-Apr-23
c/fwd
17,763
Trane Technologies Plc Com
06-Apr-22
b/fwd
550
64,235
65,092
21-Jun-22
Sale
550
55,394
64,235
(8,840)
DRAFT|||||**Cost**
**£**
**Closing**
148,356
45,650
56,956
61,715
96,800
69,064
49,014|**Value**
**£**
115,564
189,040
81,913
39,136
67,680
77,786
46,877|**Income**
**£**
9,095
6,904
1,795
2,673
3,588
-
2,052|
|05-Apr-23
c/fwd||||-|-|-|230|
||||8|||||
|||**The Billmeir Charitable Trust**||||||
|---|---|---|---|---|---|---|---|
|||**Schedule of Investments for the year ended 5 April**|**2023**|||||
|**Units**
**Cost**
**Value**
**Units**
**Cost**
**Units**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
**£**
**£**
**£**
**Opening Balances**
**Acquisitions**
**Disposals**
Tritax Big Box Reit Plc
06-Apr-22
b/fwd
95,205
100,993
236,680
05-Apr-23
c/fwd
95,205
UBS Group AG CHF0.10 Regd
06-Apr-22
b/fwd
5,000
52,776
72,751
23-Mar-23
Sale
5,000
79,730
52,776
26,955
05-Apr-23
c/fwd
-
Unilever Plc
06-Apr-22
b/fwd
2,500
1,858
88,413
05-Apr-23
c/fwd
2,500
Union Pacific Corp
06-Apr-22
b/fwd
700
60,724
134,966
05-Apr-23
c/fwd
700
United Kingdom (Govt of) 2.25% Snr Bds 07/09/2023 GBP1000
06-Apr-22
b/fwd
-
-
-
15-Nov-22
Purchase
65,000
64,815
15-Nov-22
Accrued interest
-
(283)
05-Apr-23
c/fwd
65,000
Visa Inc Common Stk USD0.0001 'a'
06-Apr-22
b/fwd
745
59,668
128,817
05-Apr-23
c/fwd
745
VH Gbl Sustainable Energy Opps Plc ord GBP0.01
06-Apr-22
b/fwd
66,004
66,004
77,225
24-Jun-22
Take-up of rights issue
33,002
36,302
05-Apr-23
c/fwd
99,006
DRAFT|||||**Cost**
**£**
**Closing**
100,993
-
1,858
60,724
64,532
59,668
102,306|**Value**
**£**
132,716
-
107,213
109,100
64,500
136,417
98,214|**Income**
**£**
6,664
1,563
3,689
2,605
448
865
4,666|
|||9||||||
**----- Start of picture text -----**
The Billmeir Charitable Trust
Schedule of Investments for the year ended 5 April 2023
Opening Balances Acquisitions Disposals Closing
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Woodside Energy Group Ltd ord NPV (DI)
06-Apr-22 b/fwd - - -
01-Jun-22 Scheme of Arrangement (BHP Group) 903 (10)
02-Jun-22 Cost adjustment - 15,323
07-Jun-22 Sale 903 17,044 15,314 1,731
05-Apr-23 c/fwd - - - 15,323
Xylem Inc Com
06-Apr-22 b/fwd 1,150 75,348 76,419
21-Jun-22 Sale 1,150 69,352 75,348 (5,995)
05-Apr-23 c/fwd - - - 240
4,736,719 7,200,863 365,075 656,147 578,671 77,476 4,523,123 6,269,816 247,918
10
DRAFT
**----- End of picture text -----**