## **The Billmeir Charitable Trust** Financial Statements Year Ended 5 April 2024 Charity No.: 208561 ## **The Billmeir Charitable Trust** ## **Report and Financial Statements for the year ended 5 April 2024** |**Contents**
**Page:**
1
2-5
6-8
9
10
11-16
17|Reference and administrative information
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the Financial Statements
Appendix| |---|---| |**Trustees**|Jason Whitaker| ||Suzanne Jane Marriott| ||Max Whitaker| |**Charity Registration Number**|208561| |**Registered Office/Address**|Charles Russell Speechlys LLP, 5 Fleet Place, London EC4M 7RD| |**Charity Correspondent**|Tom Payne| |**Bankers**|Natwest Bank Plc, Finsbury Square Branch, PO Box 549, 78 Finsbury Pavement,| ||London, EC2A 1JA| |**Accountants**|Charles Russell Speechlys LLP, 5 Fleet Place, London EC4M 7RD| |**Legal Advisor**|Charles Russell Speechlys LLP, 5 Fleet Place, London, EC4M 7RD| |**Independent Examiner**|Berringers LLP, Lygon House, 50 London Road, Bromley, Kent BR1 3RA| 1 ## **The Billmeir Charitable Trust** ## **Report of the Trustees for the year ended 5 April 2024** The Trustees present their report for the year ended 5 April 2024 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 2024 (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 Charity's 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 was £7,054 lower 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. 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 2024, the Charity made a net realised gain on disposal of listed investments of £293,606 (year ended 5 April 2023: £77,476) and an unrealised gain on listed investments of £319,728 (year ended 5 April 2023: loss of £-717,451). 3 ## **The Billmeir Charitable Trust** ## **Report of the Trustees for the year ended 5 April 2024 (continued)** ## **Financial Review (Including Reserves Policy)** The Trustees are pleased to report income resources for charitable purposes of £243,001 (year ended 5 April 2023: £252,018). Donations of £238,000 (year ended 5 April 2023: £215,500) were granted in the year. The grant administration and governance costs of the Charity for the year ended 5 April 2024 were £23,999 (year ended 5 April 2023: £18,214). The Trustees report an income surplus held at 5 April 2024 of £859,951 (year ended 5 April 2023: £854,104). The Trustees have a balanced investment policy which is medium to high on the basis this generates additional returns over the long 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 2025) are expected to be around £240,000. The Trustees are aiming to distribute income as they see fit during the year ended 5 April 2025. 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 2024 (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:** 05/02/2025 Trustee 5 The Blllmeir Charitable TrL Indepenknt Lxamlner's Report to the Trustee5 of the Bilimeir Charitable Trust Independent Examlner's report to the Tnr5tees of the Blllrneir Charitable TTUSt I report to the charity tW5tees on my exèrninati￿ of the accounts of The Billmeir Charitsble Trust fw the year ended 5 Wil 2024. Re5ponslbllltfes and basts of report As the eharity trustees of the Trust. you are re5PM5ibie for the preparation of the accujnts tn accordance with the requirements of the Charitie5 Aci 2011 1.the Act'l. I repy)rt in respect of my examinatloth of the Trust'5 accounts carried out under Section 145 of the Act and in carryng vjl My exarnination I have folLcwed all applicable DarECtions given by the Charity Commi55ion under Section 14515llbl of the Act. Independent èxamTn*fs statement IIEaL4C.ODfirrp that l am qualified to urmlertake the examination because l am a member of the Institute of CWtel&Arc￿t3nts in England and Wales, which is one of the listed bo(lie5. I have completed my examination. I confimi that material matters have corne to rny attention in c¢￿￿ectIDTr with the examination gi￿n8 rne cause to ￿leVe that Tn any materlal re5pert: b,account(ng records were ￿t kept in respert of the Tnrt a5 required by 5ett(on 130 of the Act. or Eri p.r( the.accounts do not accord those record5. or SEY l i:" the accounts do not compty with the applicable reqLriremts corKerning the fom and content ol accounts Set out in the Charities (Accounts and Rerxytsl Regulatims 2C(18 other than ary requirement In¥?_L.i.,tbat the accounts w.ve a true and fair *iew which i5 r￿t a rnatter considered as part of an independent I have no concerns and have come across no other matter5 in connertwjn with the examination to which attenti strwld&)e..drawn in this report in order to e[￿ble a proper urHler5tanLling of the accounts to be ￿aChed. Paul All ocsc FCA Instit￿le ofr.Chartered AccountaDts in England ond Wales Berringer5 LLP Clattered Accountsnts Ly8on.House so,..L￿]don Road BFOmlt￿.. Kent BR1 3RA Dale ## **The Billmeir Charitable Trust** ## **Statement of Financial Activities for the year ended 5 April 2024** **----- Start of picture text -----**
Total
Income Capital Unrestricted
Notes Account Account Funds 2023
£ £ £ £
Income from
Investments 2 230,974 (2,246) 228,728 247,918
Bank Interest 14,273 - 14,273 4,100
Total 245,247 (2,246) 243,001 252,018
Expenditure on
-
Investment Management Costs 27,838 27,838 28,449
Charitable Activities
Support Costs 3 1,400 22,599 23,999 18,214
Activities Undertaken 3 238,000 - 238,000 215,500
Total 239,400 50,437 289,837 262,163
Net income/(expenditure) before net 5,847 (52,683) (46,837) (10,145)
investment gains/(losses)
Net gains/(losses) on investments 7 - 613,334 613,334 (639,975)
Net movement in funds 5,847 560,651 566,498 (650,120)
Total funds at 6 April 2023 854,104 6,223,758 7,077,862 7,727,982
Total funds at 5 April 2024 859,951 6,784,409 7,644,360 7,077,862
**----- End of picture text -----**
The notes on pages 10 to 15 form part of these financial statements 7 ## **The Billmeir Charitable Trust** ## **Balance Sheet as at 5 April 2024** |**Notes**
**Fixed Assets**
Investments
7
Cash with Investment Manager
7
**Current Assets**
Cash at bank and in hand
8
Debtors
9
**Current Liabilities**
Creditors: amounts falling due within one year
10
Net current assets
**Total net assets**
**Funds of the Charity**
Unrestricted Capital Account
Unrestricted Income Account|**£**
**£**
**6,962,297**
**184,485**
**7,146,782**
**556,963**
**2,501**
**559,463**
**(61,885)**
**497,578**
**7,644,360**
**6,784,409**
**859,951**
**7,644,360**
**2024**|**£**
**£**
6,269,816
291,474
6,561,290
540,422
-
540,422
(23,850)
516,572
7,077,862
6,223,758
854,104
7,077,862
**2023**| |---|---|---| Approved by the Trustees and signed on their behalf by: **Suzanne Jane Marriott** **Date:** 05/02/2025 Trustee The notes on pages 10 to 15 form part of these financial statements 8 ## **The Billmeir Charitable Trust** ## **Notes to the financial statements for the year ended 5 April 2024** ## **1 Principal Accounting Policies** ## **(a) Basis of Accounting** These accounts have been prepared for the year to 5 April 2024. 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 1 January 2019, 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. ## **(b) 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 2025, 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). ## **(c) 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. 9 **Notes to the financial statements for the year ended 5 April 2024** ## **The Billmeir Charitable Trust** 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. ## **(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** 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 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. 10 **Notes to the financial statements for the year ended 5 April 2024** ## **The Billmeir Charitable Trust** 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** 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. ## **(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) Taxation** 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. ## **(m) Investment Management Fees** The fee structure of Quilter Cheviot changed for the year ended 5 April 2022 to a standard charge model away from a commission fee model. The purpose of the change is to improve visibility and clarity of fees. As a result fees are directly incurred by the Trust whereas previously all fees were comprised in transaction costs. 11 ## **The Billmeir Charitable Trust** ## **Notes to the financial statements for the year ended 5 April 2024** |**2**
**Investment Income**
Income from Listed Securities
Interest received
Accrued interest purchased in the year
**3**
**Charitable Activities**
**Activities**
**Undertaken**
**Directly**
**(see note 5)**
**£**
Arts and Culture
29,000
Education
93,500
Medical Research/Aid
63,500
Religious Activities
13,500
Relief for those in need
23,500
Other Charitable Purpos
15,000
238,000|**Support**
**Costs**
**(see note 6)**
**£**
2,924
9,428
6,403
1,361
2,370
1,513
23,999|**2024**
**£**
**200,307**
**30,667**
**(2,246)**
**228,728**
**Total**
**2024**
**£**
**31,924**
**102,928**
**69,903**
**14,861**
**25,870**
**16,513**
**261,999**|**2023**
**£**
238,930
9,271
(283)
247,918
**Total**
**2023**
**£**
23,859
84,050
71,036
15,183
28,740
10,845
233,713| |---|---|---|---| ## **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 2024, legal costs of £7,199 were charged to the Trust by Charles Russell Speechlys LLP (2023: £3,115). During the year, a donation of £3,000 (2022: £2,000) was made to Gainsborough's House Society, a charity who shares a trustee with the Billmeir Charitable Trust. 12 ## **The Billmeir Charitable Trust** ## **Notes to the financial statements for the year ended 5 April 2024** |**5**
**Donations**
ABF The Soldiers Charity
All Saints Church of England School (Tilford)
Alzheimer's Society (Elstead Area)
Arundel Castle Cricket Foundation
Bowel Cancer UK
Challengers (formerly Disability Challengers)
Crohn's and Colitis UK
Junior Diabetes Research Foundation
Earl Mountbatten Hospice
Elstead Cricket Club
Elstead Recreational Trust
Emmaus UK
Farringdon Learning Trust
Gainsborough's House Society
GASP Motor Project
Historic Royal Palaces
Home-Start (Surrey Area)
Imperial War Museum
Institute for Cancer Vaccines and Immunotherapy
Linden Lodge Charitable Trust
Longcot and Fernham Cof E Primary School
Marlborough College
Motor Neurone Disease Association
Music In Hospitals
National Arts Collections Fund
Northwood African Education Foundation
Oakleaf
Parochial Church Council of St. James, Elstead
Parochial Church Council of St. Michael's Church, Inkpen
Reed's School, Cobham
Rodborough
Sarcoma UK
St Bartholomews Church Sproxton
St James Primary School
St Mary's Church Little Coxwell
Surrey Air Ambulance
Surrey Community Foundation
Surrey Crossroads (Crossroads Care)
Surrey Drug and Alcohol Care
Balance carried forward|**2024**
**£**
**10,000**
**2,000**
**3,000**
**3,500**
**3,000**
**2,500**
**2,000**
**5,000**
**1,000**
**10,000**
**-**
**-**
**5,000**
**3,000**
**2,000**
**3,000**
**2,000**
**1,500**
**2,000**
**2,000**
**7,500**
**27,000**
**5,000**
**2,000**
**2,500**
**3,000**
**2,000**
**7,000**
**1,000**
**25,000**
**-**
**6,000**
**3,250**
**10,000**
**3,250**
**5,000**
**5,000**
**2,500**
**1,000**
**180,500**|**2023**
**£**
10,000
-
3,000
3,500
-
2,500
2,000
10,000
-
-
5,000
2,000
5,000
2,000
2,000
1,000
2,000
1,500
2,000
2,000
-
25,000
5,000
2,000
-
3,000
2,000
7,000
1,000
20,000
1,000
7,000
-
8,500
2,000
5,000
5,000
2,500
1,000
152,500| |---|---|---| 13 ## **The Billmeir Charitable Trust** ## **Notes to the financial statements for the year ended 5 April 2024** |**5**
**Donations (continued)**
Balance brought forward
The Marlborough Mound
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: 0 (2023: 0)
**Total donations (note 3)**
**6**
**Support Costs**
**Income**
**Capital**
**2024**
**2024**
**£**
**£**
Administration Fees
-
12,600
Auditor's/Independent E
1,400
2,800
Legal fees
-
7,199
Custody fees
-
-
Bank charges
-
-
1,400
22,599|**2024**
**£**
**180,500**
**2,000**
**5,000**
**-**
**10,000**
**-**
**3,000**
**2,500**
**-**
**25,000**
**5,000**
**5,000**
**-**
**238,000**
**Total**
**2024**
**£**
**12,600**
**4,200**
**7,199**
**-**
**-**
**23,999**|**2022**
**£**
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
4,200
3,115
-
-
18,214| |---|---|---| 14 ## **The Billmeir Charitable Trust** ## **Notes to the financial statements for the year ended 5 April 2024** ## **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. |**£**
**£**
Market value at 6 April 2023
**6,269,816**
Acquisitions
**1,212,215**
Disposals
**(1,133,068)**
**79,147**
Realised gain/(loss)
**293,606**
Unrealised gain/(loss)
**319,728**
**613,334**
Market Value at 5 April 2024
**6,962,297**
Cash held with investment managers
**184,485**
**7,146,782**
Investments at market value comprised:
UK Securities
Foreign Securities
Bonds
Hedge Funds
**-**
Historical cost at 5 April 2024
**7,654,778**
Microsoft
Shell
Visa
**8**
**Debtors**
**2024**
**£**
Dividends receivable
**2,501**
**2,501**
The following investments represent the largest individal
holdings in the portfolio:
**2024**|**£**
**£**
7,200,863
365,075
(656,147)
(291,072)
77,476
(717,451)
(639,975)
6,269,816
291,474
6,561,290
**-**
**5,338,769**
**Market Value**
235,712
222,400
163,387
**2023**
**£**
-
-
**2023**| |---|---| 15 **The Billmeir Charitable Trust** **Notes to the financial statements for the year ended 5 April 2024** 16 ## **The Billmeir Charitable Trust** ## **Notes to the financial statements for the year ended 5 April 2024** |**9**
**Creditors: Amounts falling due within one year**
Administration Fees
Auditor's/Independent Examiner's Fees
Legal Fees
Donations payable
Creditor 1
Creditor2|**2024**
**£**
**3,150**
**8,400**
**2,335**
**48,000**
**-**
**-**
**61,885**|**2023**
**£**
3,150
4,200
-
16,500
23,850| |---|---|---| ## **10 Post Balance Sheet Events** The administration and management of the Trust was transferred from BDO LLP to Charles Russell Speechlys LLP from April 2024. 17 The Billmeir Charitable Trust Appendix Schedule of Investments 5 April 2024 18 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** ||**Opening Balances**|**Opening Balances**|||**Acquisitions**||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**|**Cost**|**Value**|**Units**|**Cost**|**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| ||||**£**|**£**||**£**||**£**|**£**|**£**||**£**|**£**|**£**| |Aberdeen European Logistics Income Plc ord GBP0.01||||||||||||||| |06/04/2023|B/fwd|75,000.00|77,020|52,500||||||||||| |23/06/2023|Income|||||||||||||218| |23/06/2023|Income|||||||||||||705| |22/09/2023|Income|||||||||||||83| |22/09/2023|Income|||||||||||||833| |29/12/2023|Income|||||||||||||278| |29/12/2023|Income|||||||||||||645| |05/04/2024|C/fwd||||||||||75,000.00|77,020|44,400|| |Advanced Micro Devices||||||||||||||| |06/04/2023|B/fwd|875.00|60,877|64,996||||||||||| |05/04/2024|C/fwd||||||||||875.00|60,877|118,003|| |Allianz Global Investors|GiltYield I Income Nav|||||||||||||| |06/04/2023|B/fwd|50,000|107,463|76,170||||||||||| |28/04/2023|Income|||||||||||||841| |31/10/2023|Income|||||||||||||1,250| |05/04/2024|C/fwd||||||||||50,000|107,463|71,885|| |Allspring (Lux) Worldwide Fund Emerging Markets Equity In||||||||||||||| |06/04/2023|B/fwd|1,250.00|111,687|100,963||||||||||| |12/04/2023|Income|||||||||||||496| |08/05/2023|Sale||||||1,250.00|101,288|111,687|(10,400)||||| |Alphabet Inc CAP USD0.001 CL C Sett - 04/08/2020||||||||||||||| |06/04/2023|B/fwd|1,300.00|46,455|108,991||||||||||| |05/04/2024|C/fwd||||||||||1,300.00|46,455|156,883|| |Altria Group IncCommon USD0.333 Stock||||||||||||||| |06/04/2023|B/fwd|2,000|5,432|71,312||||||||||| |28/04/2023|Income|||||||||||||1,282| |10/07/2023|Income|||||||||||||1,239| |10/10/2023|Income|||||||||||||1,358| |10/01/2024|Income|||||||||||||1,309| |05/04/2024|C/fwd||||||||||2,000|5,432|65,919|| |Amazon Com Inc Com USD0.01||||||||||||||| |06/04/2023|B/fwd|600.00|63,418|48,681||||||||||| |05/04/2024|C/fwd||||||||||600.00|63,418|87,872|| 1 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|**Opening Balances**|||**Acquisitions**||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**||**Cost**|**Value**|**Units**|**Cost**|**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| |||||**£**|**£**||**£**||**£**|**£**|**£**||**£**|**£**|**£**| |Apple Inc|||||||||||||||| |06/04/2023|B/fwd||800|17,517|105,136||||||||||| |18/05/2023|Income||||||||||||||131| |17/08/2023|Income||||||||||||||128| |16/11/2023|Income||||||||||||||132| |15/02/2024|Income||||||||||||||130| |05/04/2024|C/fwd|||||||||||800|17,517|107,356|| |Ares Management Corporation Com|||||||||||||||| |06/04/2023|B/fwd|2,750.00||62,124|174,832||||||||||| |19/04/2023|Sale|||||||1,375.00|94,871|31,062|63,810||||| |30/06/2023|Income||||||||||||||713| |29/09/2023|Income||||||||||||||735| |29/12/2023|Income||||||||||||||708| |29/03/2024|Income||||||||||||||865| |05/04/2024|C/fwd|||||||||||1,375.00|31,062|145,978|| |Assura PlcOrdinary 10p|||||||||||||||| |06/04/2023|B/fwd|112,500||89,580|55,125||||||||||| |12/04/2023|Income||||||||||||||878| |12/07/2023|Income||||||||||||||923| |11/10/2023|Income||||||||||||||923| |10/01/2024|Income||||||||||||||923| |05/04/2024|C/fwd|||||||||||112,500|89,580|46,508|| |AstraZeneca plc Ordinary US$0.25|||||||||||||||| |06/04/2023|B/fwd|3,000||82,102|347,820||||||||||| |19/04/2023|Sale|||||||2,000|239,751|54,735|185,017||||| |11/09/2023|Income||||||||||||||718| |25/03/2024|Income||||||||||||||1,560| |05/04/2024|C/fwd|||||||||||1,000|27,367|106,200|| 2 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|**Opening Balances**|||**Acquisitions**||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**||**Cost**|**Value**|**Units**|**Cost**|**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| |||||**£**|**£**||**£**||**£**|**£**|**£**||**£**|**£**|**£**| |Baillie Gifford & Co JapaneseIncome Growth W4 Dis|||||||||||||||| |06/04/2023|B/fwd|90,000||124,549|121,950||||||||||| |19/07/2023|Sale|||||||90,000|120,240|124,549|(4,309)||||| |31/08/2023|Income||||||||||||||2,160| |BBGI SICAV SA Ordinary NPV Shares|||||||||||||||| |06/04/2023|B/fwd|50,000||76,945|76,000||||||||||| |19/10/2023|Income||||||||||||||1,983| |05/04/2024|Income||||||||||||||1,983| |05/04/2024|C/fwd|||||||||||50,000|76,945|65,200|| |BHP Group Limited Ord. GBP|||||||||||||||| |06/04/2023|B/fwd|5,000||77,108|120,625||||||||||| |28/09/2023|Income||||||||||||||3,204| |28/03/2024|Income||||||||||||||2,815| |05/04/2024|C/fwd|||||||||||5,000|77,108|114,250|| |Blackrock (Luxembourg) SA Continental Europe Flexible D4|||||||||||||||| |06/04/2023|B/fwd|60,000.00||98,305|109,342||||||||||| |28/04/2023|Income||||||||||||||229| |31/07/2023|Income||||||||||||||3,469| |31/10/2023|Income||||||||||||||354| |31/01/2024|Income||||||||||||||425| |05/04/2024|C/fwd|||||||||||60,000.00|98,305|114,942|| |Canadian Pacific Kansas City Limiited Com NPV|||||||||||||||| |22/02/2024|Purchase|||||2,085.00|141,739||||||||| |05/04/2024|C/fwd|||||||||||2,085.00|141,739|144,337|| |Chevron Corporation Comon Stock USD0.75|||||||||||||||| |06/04/2023|B/fwd||800|62,757|109,065||||||||||| |12/06/2023|Income||||||||||||||816| |11/09/2023|Income||||||||||||||820| |11/12/2023|Income||||||||||||||817| |11/03/2024|Income||||||||||||||863| |05/04/2024|C/fwd|||||||||||800|62,757|102,304|| 3 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|||**Acquisitions**|||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**|**Cost**|**Value**|**Units**|**Cost**||**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| ||||**£**|**£**||**£**|||**£**|**£**|**£**||**£**|**£**|**£**| |Coca-Cola CompanyCommon Stock US$0.25|||||||||||||||| |06/04/2023|B/fwd|1,800|75,840|90,717|||||||||||| |03/07/2023|Income||||||||||||||555| |02/10/2023|Income||||||||||||||579| |15/12/2023|Income||||||||||||||551| |01/04/2024|Income||||||||||||||590| |05/04/2024|C/fwd|||||||||||1,800|75,840|84,767|| |Diageo plcOrdinary 28-101/108p|||||||||||||||| |06/04/2023|B/fwd|3,250|9,860|119,243|||||||||||| |13/04/2023|Income||||||||||||||1,002| |12/10/2023|Income||||||||||||||1,598| |05/04/2024|C/fwd|||||||||||3,250|9,860|92,609|| |Doric Nimrod Air Two|Ord NPV C||||||||||||||| |06/04/2023|B/fwd|50,000|97,958|50,250|||||||||||| |28/04/2023|Income||||||||||||||2,250| |31/07/2023|Income||||||||||||||2,250| |31/10/2023|Income||||||||||||||2,250| |18/12/2023|Sale|||||||35,714|69,970|69,970|1||||| |29/12/2023|Sale|||||||14,286|17,143|27,989|(10,845)||||| |31/01/2024|Income||||||||||||||1,607| |Doric Nimrod Air Two|Ord NPV C||||||||||||||| |18/12/2023|Journal /
Transfer||||35,714||69,970||||||||| |05/04/2024|C/fwd|||||||||||35,714|69,970|42,321|| |Enel SPA|||||||||||||||| |06/04/2023|B/fwd|7,500.00|55,285|37,178|||||||||||| |26/07/2023|Income||||||||||||||952| |24/01/2024|Income||||||||||||||1,019| |05/04/2024|C/fwd|||||||||||7,500.00|55,285|38,002|| |Experian Group plcOrdinary US$0.10|||||||||||||||| |06/04/2023|B/fwd|5,000|58,816|134,050|||||||||||| |21/07/2023|Income||||||||||||||1,484| |02/02/2024|Income||||||||||||||705| |05/04/2024|C/fwd|||||||||||5,000|58,816|169,550|| 4 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|||**Acquisitions**|||**Disposals**|||||**Closing**||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**|**Cost**|**Value**|**Units**|**Cost**||**Units**||**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**|| ||||**£**|**£**||**£**||||**£**|**£**|**£**||**£**|**£**|**£**|| |Exxon Mobil CorpCommon Stock NPV|||||||||||||||||| |06/04/2023|B/fwd|1,000|74,706|93,886|||||||||||||| |09/06/2023|Income||||||||||||||||616| |11/09/2023|Income||||||||||||||||618| |11/12/2023|Income||||||||||||||||642| |11/03/2024|Income||||||||||||||||629| |05/04/2024|C/fwd||||||||||||1,000|74,706|96,045||| |Ferguson Ord GBP0.10|||||||||||||||||| |06/04/2023|B/fwd|1,421|47,838|143,521|||||||||||||| |19/04/2023|Sale||||||||421|44,696|14,173|30,523|||||| |05/05/2023|Income||||||||||||||||838| |04/08/2023|Income||||||||||||||||570| |15/11/2023|Income||||||||||||||||610| |06/02/2024|Income||||||||||||||||620| |05/04/2024|C/fwd||||||||||||1,000|33,665|176,000||| |Fidelity MoneyBuilder|Income Fund income shares||||||||||||||||| |20/04/2023|Purchase||||85,000.00||67,244||||||||||| |26/05/2023|Equalisation||||||(127)||||||||||| |26/05/2023|Income||||||||||||||||152| |26/06/2023|Income||||||||||||||||297| |26/07/2023|Income||||||||||||||||274| |26/08/2023|Income||||||||||||||||287| |26/09/2023|Income||||||||||||||||283| |26/10/2023|Income||||||||||||||||278| |26/11/2023|Income||||||||||||||||287| |26/12/2023|Income||||||||||||||||294| |26/01/2024|Income||||||||||||||||280| |26/02/2024|Income||||||||||||||||273| |26/03/2024|Income||||||||||||||||349| |05/04/2024|C/fwd||||||||||||85,000.00|67,117|68,595||| 5 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|||**Acquisitions**||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**|**Cost**|**Value**|**Units**|**Cost**|**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| ||||**£**|**£**||**£**||**£**|**£**|**£**||**£**|**£**|**£**| |First Sentier Asia Pacific Leaders B Nav||||||||||||||| |06/04/2023|B/fwd|35,000.000|76,710|104,626||||||||||| |30/09/2023|Income|||||||||||||776| |31/03/2024|Income|||||||||||||119| |05/04/2024|C/fwd||||||||||35,000.000|76,710|108,570|| |Greencoat UK Wind plcOrdinary 1p||||||||||||||| |06/04/2023|B/fwd|96,923|106,326|154,786||||||||||| |26/05/2023|Income|||||||||||||2,123| |25/08/2023|Income|||||||||||||2,123| |24/11/2023|Income|||||||||||||2,123| |29/02/2024|Income|||||||||||||3,324| |05/04/2024|C/fwd||||||||||96,923|106,326|133,269|| |GSK Plc Ord. GBP0.3125||||||||||||||| |06/04/2023|B/fwd|9,200|13,163|136,822||||||||||| |13/04/2023|Income|||||||||||||1,265| |13/07/2023|Income|||||||||||||1,288| |12/10/2023|Income|||||||||||||1,288| |11/01/2024|Income|||||||||||||1,288| |05/04/2024|C/fwd||||||||||9,200|13,163|149,914|| |Harbourvest GI Private|Equity USD|||||||||||||| |06/04/2023|B/fwd|4,750|98,900|96,900||||||||||| |05/04/2024|C/fwd||||||||||4,750|98,900|109,963|| |HICL Infrastructure GBP 0.0001||||||||||||||| |06/04/2023|B/fwd|65,340|111,713|101,669||||||||||| |30/06/2023|Income|||||||||||||920| |30/06/2023|Income|||||||||||||433| |29/09/2023|Income|||||||||||||1,319| |29/09/2023|Income|||||||||||||27| |29/12/2023|Income|||||||||||||754| |29/12/2023|Income|||||||||||||592| |28/03/2024|Income|||||||||||||754| |28/03/2024|Income|||||||||||||485| |28/03/2024|Income|||||||||||||592| |05/04/2024|C/fwd||||||||||65,340|111,713|81,675|| 6 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening**|**Balances**|||**Acquisitions**|||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**||**Cost**|**Value**|**Units**|**Cost**||**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| |||||**£**|**£**||**£**|||**£**|**£**|**£**||**£**|**£**|**£**| |Impax Environmental Markets Plc ord 10p||||||||||||||||| |06/04/2023|B/fwd|12,000||50,202|49,860|||||||||||| |01/09/2023|Income|||||||||||||||204| |15/03/2024|Income|||||||||||||||348| |05/04/2024|C/fwd||||||||||||12,000|50,202|47,520|| |Intermediate Capital Group PLC ordinary||20p shares||||||||||||||| |06/04/2023|B/fwd||9,000|82,342|108,900|||||||||||| |04/08/2023|Income|||||||||||||||4,698| |08/01/2024|Income|||||||||||||||2,322| |05/04/2024|C/fwd||||||||||||9,000|82,342|187,200|| |International Public PartnershipLimited Ordinary 1p||||||||||||||||| |06/04/2023|B/fwd|65,000||99,031|96,460|||||||||||| |07/06/2023|Income|||||||||||||||2,516| |17/11/2023|Income|||||||||||||||2,639| |05/04/2024|C/fwd||||||||||||65,000|99,031|81,250|| |Ishares III Plc Core MSCI Japan IMI UCITS ETF USD Acc GBP||||||||||||||||| |02/08/2023|Purchase|||||1,550.00||58,993||||||||| |05/04/2024|C/fwd||||||||||||1,550.00|58,993|67,557|| |J P Morgan Global Core Assets Ltd||||||||||||||||| |06/04/2023|B/fwd|125,000.0000||126,060|107,000|||||||||||| |19/04/2023|Sale||||||||65,000.0000|57,586|65,551|(7,965)||||| |31/05/2023|Income|||||||||||||||630| |30/08/2023|Income|||||||||||||||630| |29/11/2023|Income|||||||||||||||630| |23/02/2024|Income|||||||||||||||630| |05/04/2024|C/fwd||||||||||||60,000.0000|60,509|40,800|| |J P Morgan Global EmergingMarkets Inc Trust plc Ord|||1p|||||||||||||| |06/04/2023|B/fwd|55,000||76,666|70,400|||||||||||| |21/04/2023|Income|||||||||||||||550| |28/07/2023|Income|||||||||||||||550| |20/10/2023|Income|||||||||||||||1,265| |26/01/2024|Income|||||||||||||||550| |05/04/2024|C/fwd||||||||||||55,000|76,666|73,150|| 7 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|||**Acquisitions**|||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**|**Cost**|**Value**|**Units**|**Cost**||**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| ||||**£**|**£**||**£**|||**£**|**£**|**£**||**£**|**£**|**£**| |Jupiter Global Fund SICAV European Growth I Eur Acc|||||||||||||||| |06/04/2023|B/fwd|1,750.00|72,179|91,238|||||||||||| |31/03/2024|Acc. Income||||||569||||||||569| |05/04/2024|C/fwd|||||||||||1,750.00|72,747|100,154|| |Law Debenture Corporation plcOrdinary 5p|||||||||||||||| |06/04/2023|B/fwd|18,000|108,054|141,840|||||||||||| |13/04/2023|Income||||||||||||||1,575| |06/07/2023|Income||||||||||||||1,373| |26/09/2023|Income||||||||||||||3,712| |26/10/2023|Income||||||||||||||1,373| |25/01/2024|Income||||||||||||||1,373| |05/04/2024|C/fwd|||||||||||18,000|108,054|141,660|| |Legal & General Group plc Ordinary 2.5p|||||||||||||||| |06/04/2023|B/fwd|65,000|63,177|152,620|||||||||||| |05/06/2023|Income||||||||||||||9,055| |05/04/2024|C/fwd|||||||||||65,000|63,177|163,215|| |M&G Japan Fund PP GBP|||||||||||||||| |03/08/2023|Purchase||||45,000.00||57,533||||||||| |31/10/2023|Equalisation||||||(512)||||||||| |31/10/2023|Income||||||||||||||76| |05/04/2024|C/fwd|||||||||||45,000.00|57,021|65,799|| |Mayfair Capital Investment Management||Ltd The Property|||||||||||||| |06/04/2023|B/fwd|92,338.00|85,000|73,317|||||||||||| |28/04/2023|Income||||||||||||||331| |31/05/2023|Income||||||||||||||530| |30/06/2023|Income||||||||||||||334| |31/07/2023|Income||||||||||||||376| |31/08/2023|Income||||||||||||||342| |29/09/2023|Income||||||||||||||394| |31/10/2023|Income||||||||||||||355| |30/11/2023|Income||||||||||||||350| |29/12/2023|Income||||||||||||||321| |31/01/2024|Income||||||||||||||315| |29/02/2024|Income||||||||||||||351| |28/03/2024|Income||||||||||||||380| |05/04/2024|C/fwd|||||||||||92,338.00|85,000|68,649|| 8 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|**Opening Balances**|||**Acquisitions**|||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**||**Cost**|**Value**|**Units**|**Cost**||**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| |||||**£**|**£**||**£**|||**£**|**£**|**£**||**£**|**£**|**£**| |Merck & Co USD0.50||||||||||||||||| |06/04/2023|B/fwd|1,000||61,832|89,810|||||||||||| |10/04/2023|Income|||||||||||||||500| |10/07/2023|Income|||||||||||||||480| |06/10/2023|Income|||||||||||||||506| |08/01/2024|Income|||||||||||||||515| |05/04/2024|Income|||||||||||||||518| |05/04/2024|C/fwd||||||||||||1,000|61,832|101,284|| |Microsoft Corp US$0.00000625 Common Stock||||||||||||||||| |06/04/2023|B/fwd||700|78,331|159,731|||||||||||| |08/06/2023|Income|||||||||||||||325| |14/09/2023|Income|||||||||||||||324| |14/12/2023|Income|||||||||||||||352| |14/03/2024|Income|||||||||||||||348| |05/04/2024|C/fwd||||||||||||700|78,331|235,712|| |Mondelez International|IncUS$0.01 Common Stock|||||||||||||||| |19/04/2023|Purchase|||||1,000||56,766||||||||| |14/07/2023|Income|||||||||||||||250| |13/10/2023|Income|||||||||||||||296| |12/01/2024|Income|||||||||||||||284| |05/04/2024|C/fwd||||||||||||1,000|56,766|53,803|| |NB Private Equity Partners LtdClass A Ordinary US$0.01||||||||||||||||| |06/04/2023|B/fwd|6,750||76,025|62,861|||||||||||| |31/08/2023|Income|||||||||||||||2,485| |29/02/2024|Income|||||||||||||||2,525| |05/04/2024|C/fwd||||||||||||6,750|76,025|110,835|| |Nextra Energy Inc Com|USD0.05|||||||||||||||| |06/04/2023|B/fwd|1,000.00||59,870|57,259|||||||||||| |15/06/2023|Income|||||||||||||||314| |15/09/2023|Income|||||||||||||||319| |15/12/2023|Income|||||||||||||||312| |15/03/2024|Income|||||||||||||||343| |05/04/2024|C/fwd||||||||||||1,000.00|59,870|50,788|| 9 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|||**Acquisitions**||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**|**Cost**|**Value**|**Units**|**Cost**|**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| ||||**£**|**£**||**£**||**£**|**£**|**£**||**£**|**£**|**£**| |Novartis AGCHF0.50 (Regd)||||||||||||||| |06/04/2023|B/fwd|750|51,902|95,850||||||||||| |04/10/2023|Capital Event|||||(2,620)||||||||| |11/03/2024|Income|||||||||||||1,430| |05/04/2024|C/fwd||||||||||750|49,282|56,631|| |Pacific Capital UCITS Funds plc Pacific||North of South Em A||||||||||||| |10/05/2023|Purchase||||10,000.00|116,560||||||||| |17/07/2023|Income|||||||||||||2,084| |16/10/2023|Income|||||||||||||1,272| |16/01/2024|Income|||||||||||||818| |05/04/2024|C/fwd||||||||||10,000.00|116,560|132,680|| |Pantheon Infrastructure Ord GBP0.01||||||||||||||| |06/04/2023|B/fwd|86,000.00|85,150|72,928||||||||||| |27/10/2023|Income|||||||||||||1,720| |05/04/2024|C/fwd||||||||||86,000.00|85,150|66,736|| |Pfizer Inc Com USD0.05||||||||||||||| |06/04/2023|B/fwd|2,270.00|73,848|75,692||||||||||| |19/04/2023|Sale||||||2,270.00|73,738|73,848|(110)||||| |Polar Capital Funds Plc|Artificial Intelligence S GBP Acc|||||||||||||| |06/04/2023|B/fwd|||||||||||||| |30/06/2023|Acc Income|||||206||||||||206| |30/06/2023|Capital Event||||||0|-|-|(206)||||| 10 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|**Opening Balances**|||**Acquisitions**||**Disposals**|||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**||**Cost**|**Value**|**Units**|**Cost**|**Units**|**Proceeds**||**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| |||||**£**|**£**||**£**||**£**||**£**|**£**||**£**|**£**|**£**| |Premier Miton Monthly Income Bond C||||||||||||||||| |20/04/2023|Purchase|||||95,000.00|68,258|||||||||| |26/05/2023|Equalisation||||||(163)|||||||||| |26/05/2023|Income|||||||||||||||155| |28/06/2023|Income|||||||||||||||291| |28/07/2023|Income|||||||||||||||282| |25/08/2023|Income|||||||||||||||296| |28/09/2023|Income|||||||||||||||257| |27/10/2023|Income|||||||||||||||284| |28/11/2023|Income|||||||||||||||300| |28/12/2023|Income|||||||||||||||288| |26/01/2024|Income|||||||||||||||300| |28/02/2024|Income|||||||||||||||299| |28/03/2024|Income|||||||||||||||279| |05/04/2024|C/fwd||||||||||||95,000.00|68,095|68,951|| |Prusik Invesment Management Asian Equity Income Unhedg||||||||||||||||| |06/04/2023|B/fwd||800|111,413|128,362|||||||||||| |31/07/2023|Income|||||||||||||||3,914| |31/01/2024|Income|||||||||||||||3,264| |05/04/2024|C/fwd||||||||||||800|111,413|119,843|| |Rio Tinto plcOrdinary 10p||||||||||||||||| |06/04/2023|B/fwd|2,000||17,296|105,660|||||||||||| |20/04/2023|Income|||||||||||||||3,707| |21/09/2023|Income|||||||||||||||2,753| |05/04/2024|C/fwd||||||||||||2,000|17,296|99,490|| |Royal London Asset Management Ethical Bond Z Inc||||||||||||||||| |06/04/2023|B/fwd|90,000.00||107,818|87,912|||||||||||| |20/04/2023|Sale|||||||90,000.00||87,120|107,818|(20,698)||||| |Royal London SterlingCredit Instl Inc Z GBP Nav||||||||||||||||| |19/04/2023|Purchase|||||115,000.000|132,365|||||||||| |30/06/2023|Equalisation||||||(798)|||||||||| |30/06/2023|Income|||||||||||||||853| |29/09/2023|Income|||||||||||||||1,787| |29/12/2023|Income|||||||||||||||1,883| |28/03/2024|Income|||||||||||||||1,899| |05/04/2024|C/fwd||||||||||||115,000.000|131,567|139,610|| 11 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|**Opening Balances**|||**Acquisitions**|||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**||**Cost**|**Value**|**Units**|**Cost**||**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| |||||**£**|**£**||**£**|||**£**|**£**|**£**||**£**|**£**|**£**| |Sandoz Group AG CHF0.05||||||||||||||||| |04/10/2023|Journal /
Transfer|||||150||2,620||||||||| |05/04/2024|C/fwd||||||||||||150|2,620|3,423|| |Schneider Electric EUR4||||||||||||||||| |06/04/2023|B/fwd||525|55,732|65,664|||||||||||| |11/05/2023|Income|||||||||||||||1,078| |05/04/2024|C/fwd||||||||||||525|55,732|93,512|| |Schroder Unit Trusts US|SmallerCompanies|Z Inc||||||||||||||| |06/04/2023|B/fwd|60,000.00||73,104|103,140|||||||||||| |30/06/2023|Income|||||||||||||||65| |05/04/2024|C/fwd||||||||||||60,000.00|73,104|112,080|| |Sequoia Economic Infrastructure||||||||||||||||| |06/04/2023|B/fwd|141,970.00||148,356|115,564|||||||||||| |26/05/2023|Income|||||||||||||||2,440| |25/08/2023|Income|||||||||||||||2,440| |24/11/2023|Income|||||||||||||||2,440| |29/02/2024|Income|||||||||||||||2,440| |05/04/2024|C/fwd||||||||||||141,970.00|148,356|115,564|| |Shell Plc GBP EUR0.07||||||||||||||||| |06/04/2023|B/fwd|8,000||45,650|189,040|||||||||||| |26/06/2023|Income|||||||||||||||1,839| |18/09/2023|Income|||||||||||||||2,090| |20/12/2023|Income|||||||||||||||2,105| |25/03/2024|Income|||||||||||||||2,152| |05/04/2024|C/fwd||||||||||||8,000|45,650|222,400|| |Siemens AG NPVRegistered shares||||||||||||||||| |06/04/2023|B/fwd||650|56,956|81,913|||||||||||| |13/02/2024|Income|||||||||||||||1,914| |05/04/2024|C/fwd||||||||||||650|56,956|96,101|| |Smith (DS)Ordinary 10p||||||||||||||||| |06/04/2023|B/fwd|12,727||61,715|39,136|||||||||||| |03/10/2023|Income|||||||||||||||1,527| |31/01/2024|Income|||||||||||||||764| |14/03/2024|Sale||||||||6,727|22,544|32,620|(10,076)||||| |05/04/2024|C/fwd||||||||||||6,000|29,095|24,600|| 12 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|**Opening Balances**|||**Acquisitions**|||**Disposals**|||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**||**Cost**|**Value**|**Units**|**Cost**||**Units**|**Proceeds**||**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| |||||**£**|**£**||**£**|||**£**||**£**|**£**||**£**|**£**|**£**| |Supermarket Income ord GBP0.01|||||||||||||||||| |06/04/2023|B/fwd|80,000||96,800|67,680||||||||||||| |26/05/2023|Income||||||||||||||||1,200| |04/08/2023|Income||||||||||||||||97| |04/08/2023|Income||||||||||||||||1,103| |16/11/2023|Income||||||||||||||||1,212| |14/02/2024|Income||||||||||||||||1,212| |05/04/2024|C/fwd|||||||||||||80,000|96,800|60,640|| |Tesco Ord GBP0.0633333|||||||||||||||||| |06/04/2023|B/fwd|17,763||49,014|46,877||||||||||||| |23/06/2023|Income||||||||||||||||1,252| |24/11/2023|Income||||||||||||||||684| |05/04/2024|C/fwd|||||||||||||17,763|49,014|82,870|| |Thermo Fisher Scientific Inc Com USD1|||||||||||||||||| |19/04/2023|Purchase|||||125.00||57,966|||||||||| |14/07/2023|Income||||||||||||||||28| |13/10/2023|Income||||||||||||||||31| |16/01/2024|Income||||||||||||||||29| |05/04/2024|C/fwd|||||||||||||125.00|57,966|51,442|| |T-Mobile US Unc Com USD0.0001|||||||||||||||||| |06/04/2023|B/fwd||650|69,064|77,786||||||||||||| |15/12/2023|Income||||||||||||||||282| |14/03/2024|Income||||||||||||||||280| |05/04/2024|C/fwd|||||||||||||650|69,064|57,319|| |Treasury 2.25% Stock 2023|||||||||||||||||| |06/04/2023|B/fwd|65,000.00||64,532|64,500||||||||||||| |07/09/2023|Income||||||||||||||||731| |07/09/2023|Sale||||||||65,000.00||65,000|64,532|468||||| |Treasury Stock 5% 2025|||||||||||||||||| |07/09/2023|Purchase|||||65,000||65,049|||||||||| |07/03/2024|Income||||||||||||||||1,625| |05/04/2024|C/fwd|||||||||||||65,000|65,049|65,130|| 13 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |||**Opening Balances**|||**Acquisitions**|||**Disposals**||||**Closing**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Units**|**Cost**|**Value**|**Units**|**Cost**||**Units**|**Proceeds**|**Cost**|**Profit/Loss**|**Units**|**Cost**|**Value**|**Income**| ||||**£**|**£**||**£**|||**£**|**£**|**£**||**£**|**£**|**£**| |Treasury UK Bond 3.25% 31/01/2033|||||||||||||||| |19/04/2023|Purchase||||70,000.00||66,654||||||||| |31/07/2023|Income||||||||||||||1,261| |31/01/2024|Income||||||||||||||1,138| |05/04/2024|C/fwd|||||||||||70,000.00|66,654|66,089|| |Treasury UK Bond 4.125% 29/01/2027|||||||||||||||| |19/04/2023|Purchase||||67,500.00||67,645||||||||| |29/07/2023|Income||||||||||||||1,392| |29/01/2024|Income||||||||||||||1,392| |05/04/2024|C/fwd|||||||||||67,500.00|67,645|67,374|| |Tritax Big Box Reit Ordinary 1p|||||||||||||||| |06/04/2023|B/fwd|95,205|100,993|132,716|||||||||||| |01/06/2023|Income||||||||||||||1,666| |31/08/2023|Income||||||||||||||1,666| |17/11/2023|Income||||||||||||||1,666| |02/04/2024|Income||||||||||||||1,952| |05/04/2024|C/fwd|||||||||||95,205|100,993|145,188|| |UK Treasury 4.5% Gilt|Bond 07/12/2042||||||||||||||| |19/04/2023|Purchase||||60,000.00||62,701||||||||| |07/06/2023|Income||||||||||||||1,350| |07/12/2023|Income||||||||||||||1,350| |05/04/2024|C/fwd|||||||||||60,000.00|62,701|60,036|| |Unilever plcOrdinary 3-1/9p|||||||||||||||| |06/04/2023|B/fwd|2,500.00|1,858|107,213|||||||||||| |15/06/2023|Income||||||||||||||946| |31/08/2023|Income||||||||||||||925| |08/12/2023|Income||||||||||||||929| |22/03/2024|Income||||||||||||||912| |05/04/2024|C/fwd|||||||||||2,500.00|1,858|95,925|| |Union Pacific Corp Ord Shs|||||||||||||||| |06/04/2023|B/fwd|700.00|60,724|109,100|||||||||||| |30/06/2023|Income||||||||||||||612| |29/09/2023|Income||||||||||||||631| |28/12/2023|Income||||||||||||||604| |22/02/2024|Sale|||||||700.00|139,121|60,724|78,397||||| 14 ## **The Billmeir Charitable Trust** ## **Schedule of Investments for the year ended 5 April 2024** |**Opening Balances**
**Acquisitions**
**Units**
**Cost**
**Value**
**Units**
**£**
**£**
United Rentals Inc USD 0.01
19/04/2023
Purchase
250
24/05/2023
Income
23/08/2023
Income
22/11/2023
Income
28/02/2024
Income
05/04/2024
C/fwd
VH Global Sustainable GBP0.01
06/04/2023
B/fwd
99,006.00
102,306
98,214
30/06/2023
Income
14/09/2023
Income
08/12/2023
Income
08/12/2023
Income
28/03/2024
Income
05/04/2024
C/fwd
Visa Inc Com Stk USD0.0001 'A'
06/04/2023
B/fwd
745.00
59,668
136,417
01/06/2023
Income
01/09/2023
Income
01/12/2023
Income
01/03/2024
Income
05/04/2024
C/fwd
Walt Disney Company USD0.01
19/04/2023
Purchase
600
10/01/2024
Income
05/04/2024
C/fwd
4,523,124
6,269,816|**Disposals**
**Cost**
**Units**
**£**

76,058

47,541
1,212,215|**Closing**
**Proceeds**
**Cost**
**Profit/Loss**
**Units**
**£**
**£**
**£**
250
99,006.00
745.00
600
1,133,068
839,257
293,606|**Cost**
**Value**
**Income**
**£**
**£**
**£**
253
248
251
274
76,058
139,844
1,366
1,366
1,020
347
921
102,306
66,532
229
225
261
261
59,668
163,387
120
47,541
56,207
4,895,877
6,962,297
230,974| |---|---|---|---| 15