# **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
**Financial statements for the year ended 5 April 2022**
**Registered charity number 212631**
**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Contents**
**----- Start of picture text -----**
Page
Trust summary 1 - 2
Trustees' certificate and Trustees' report 3 - 5
Independent examiner's report 6 - 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 14
Investment schedule 15 - 22
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**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Trust summary**
**----- Start of picture text -----**
Date of settlement 27 January 1960
Settlor George Edward Percy Pollitzer
Trustees Richard Pollitzer
Catherine Charles
Joseph Benjamin Pollitzer
Frances Pollitzer
Beneficiaries This is a charitable settlement for the benefit of such charitable
institution or institutions as the Trustees from time to time think fit.
Accountants Saffery Champness LLP
St Catherine's Court
Berkeley Place
Clifton
Bristol
BS8 1BQ
Independent auditors PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL
Solicitors Farrer & Co LLP
66 Lincoln's Inn Fields
London
WC2A 3LH
Investment managers Canaccord
Talisman House
Boardmans Way
Blackpool
FY4 5FY
Trust period The period commencing on 27 January 1960 and ending on the date of
the expiration of the period of eighty years thereafter.
Registered charity number 212631
Taxation Not subject to tax
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Page 1
**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Trust summary**
**----- Start of picture text -----**
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Main terms|Under|the|Settlement|the|Trustees|have|unrestricted|powers|to|apply|
|capital and income.|
|Following the expiry of the Trust Period and|in default of appointment|
|the|Trust|Fund|is|distributable|to|such|charitable|institution|or|
|institutions|as|the|Trustees|(or|a|majority|of|them)|in|their|discretion|
|think fit.|
|Additional information|In exercising|their discretion,|the|Trustees|are|required to|have regard|
|to (but are not bound by) any wishes of the Settlor expressed to them|
|in writing.|
|The|power|of|appointing|new|Trustees|now|rests|with|the|existing|
|Trustees, following the death of the Settlor and his wife.|
**----- End of picture text -----**
The above is only a synopsis of the relevant terms of the Trust Deed(s) and before any appointment or other transaction requiring knowledge of the original and subsequent deeds are made, advice should be obtained by the Trustees.
Page 2
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Trustees' certificate**
We approve the financial statements for the year ended 5 April 2022 on pages 8 to 22, and acknowledge our responsibility for them, for the appropriateness of the accounting basis and for the accuracy of the information from which the financial statements have been compiled.
………………………………………….. ………………………………………….. Richard Pollitzer Joseph Benjamin Pollitzer ………………………………………….. ………………………………………….. Catherine Charles Frances Pollitzer
Date:
## **Trustees' report**
The Trustees present their annual report and financial statements for the year ended 5 April 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 10 and comply with the Charity's Trust Deed and applicable law. The Trustees have adopted the provisions of the Statement of Recommended Practice for Accounting and Reporting by Charities 2015 (FRS 102) in preparing the annual report and financial statements of the charity.
## **Trustees**
The Trustees who have served throughout the financial year, unless otherwise stated, were:
Richard Pollitzer Catherine Charles Joseph Benjamin Pollitzer ('Benjamin') Frances Pollitzer
The statutory power of appointing new trustees applies to the Settlement and is exercisable by the continuing Trustees and the Retiring Trustee.
## **Reserves policy**
The Trustees believe that reserves are sufficient for current purposes and these are reviewed on a regular basis.
Page 3
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Trustees' report**
## **Investment policy**
There are no restrictions on the Trustees' powers to invest. The Trustees have delegated under section 11 of the Trustee Act 2000 full discretionary powers to the Investment Managers. Their policy is to seek to maximise total return, whilst maintaining the real value of the portfolio and not subjecting it to undue risk. The Trustees review the Investment Managers at their regular meetings, and their policy at least annually.
## **Governing document**
The governing document is the settlement deed dated 27 January 1960.
## **Objectives**
The charity is for the benefit of such charitable institutions, objects or purposes as the Trustees think fit.
Policies adopted by the charity in order to achieve its objects have remained unchanged.
## **Related parties**
Richard Pollitzer, a trustee, is an investment director of Canaccord (formerly Hargreave Hale). During the year their fees were £14,985 and outstanding at 5 April 2022 was £3,668.
## **Review of Achievements and further developments**
The statement of financial activities for the year is set out on page 8. During the year the Trustees agreed to make Charitable donations totalling £120,000 to various charities. The payments were not made until after 5 April 2022, however as the donations were agreed by all trustees during 2021-22, the expenditure has been included in the accounts. All of the donations totalling £120,000 have since been made to the proposed charities. The Trustees' aim is to distribute all the net annual income each year and consider further distributions from accumulated income and capital as appropriate.
## **Risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the return on investments, and are satisfied that systems are in place to mitigate their exposure to major risks.
## **Public benefit**
The Trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and setting it's grant making policies. The Trustees regularly receive donation requests which are considered periodically throughout the year.
Page 4
**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Trustees' report**
## **Trustees Responsibilities in relation to the financial statements**
Charity law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5
**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Independent examiner's report**
I report to the charity trustees on my examination of the financial statements of the Charity for the year ended 5 April 2022 which are set out on pages 8 to 22.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for the period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusal items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in accordance with section 130 of the 2011 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of the 2011 Act other than any requirement that the financial statements give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Page 6
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Independent examiner's report**
Philip J Evans BSc FCA on behalf of PJE Chartered Accountants 2 Oakfield Road Clifton Bristol BS8 2AL Date : ……………………………..
Page 7
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Statement of financial activity As at 5 April 2022**
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General General
Fund Fund Total Total
Income Capital 2022 2021
Note £ £ £ £
Income and expenditure
Income resources:
Investment income 112,434 - 112,434 122,905
Resources expanded
Direct charitable expenditure 2 (120,000) - (120,000) (105,000)
Management and administration of the charity 3 (4,862) (22,149) (27,011) (27,022)
Net incoming resources for the year (12,428) (22,149) (34,577) (9,117)
Gains on Investments
Realised - 85,521 85,521 64,120
Unrealised - 188,250 188,250 458,854
-
273,771 273,771 522,974
Net movement in funds (12,428) 251,622 239,194 513,857
Balances brought forward at 6 April 2021 80,222 3,921,681 4,001,903 3,488,046
Balances carried forward at 5 April 2022 67,794 4,173,303 4,241,097 4,001,903
**----- End of picture text -----**
Page 8
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Balance sheet**
## **As at 5 April 2022**
|**Note**
**Fixed assets**
Investments
4
**Current assets**
Cash at bank
**Current liabilities**
Charitable donations made post year end
Professional fees
**Net current assets**
5
**Total assets less current liabilities**
**Financed by:**
Funds
Unrestricted|**General**
**Fund**
**Income**
**£**
-
190,644
190,644
(120,000)
(2,850)
67,794
67,794
67,794|**General**
**Fund**
**Capital**
**£**
4,163,024
19,221
19,221
-
(8,942)
10,279
4,173,303
4,173,303|**Total**
**2022**
**£**
4,163,024
209,865
209,865
(120,000)
(11,792)
78,073
4,241,097
4,241,097|**Total**
**2021**
**£**
3,915,725
95,484
95,484
-
(9,306)
86,178
4,001,903
4,001,903|
|---|---|---|---|---|
Page 9
**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Notes to the financial statements for the year ended 5 April 2022**
## **1 Accounting policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention and is in accordance with the applicable accounting standards.
In preparing the financial statements the charitable settlement follows best practice as laid down in the Statement of Recommend Practice for Accounting and Reporting by Charities 2015 (FRS 102) and applicable UK accounting standards and the Charities Act 2011.
## **Investment income**
Investment income is accounted for on its receipt and is shown net of any tax deduction.
## **Expenditure**
Donations made are accounted for on payment. Other expenditure is recognised when incurred.
## **Investments**
Investments are included at market value.
## **Fund accounting**
Unrestricted funds are those which are available for use at the discretion of the Trustees in furtherance of the general objects of the charitable settlement and which have not been designated for specific objects.
## **2 Direct charitable expenditure**
|**Grants and donations**
**Income**
**Parenting, the family & children's work**
One-Eighty
Peeple
The Sreepur Village
Tushinde Children's Trust
**Total for category**
Carried forward|**2022**
**£**
-
-
5,000
5,000
10,000
10,000|**2021**
**£**
5,000
5,000
-
-
10,000
10,000|
|---|---|---|
Page 10
**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Notes to the financial statements for the year ended 5 April 2022**
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Grants and donations (continued) 2022 2021
£ £
Brought forward 10,000 10,000
Armed forces
Horseback UK - 5,000
Just Rifles Charitable Trust - 5,000
-
Total for category 10,000
Disabled & Elderly
-
The CRUMBS Project 5,000
-
Grateful Society 5,000
-
InterAct Stroke Support 5,000
-
Music in Hospitals and Care 5,000
-
Total for category 20,000
Homelessness
-
Greenwich Night Shelter 5,000
-
Only a Pavemnet Away 5,000
-
Vision Care for Homeless People 5,000
-
Total for category 15,000
Carried forward 25,000 40,000
**----- End of picture text -----**
Page 11
**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Notes to the financial statements for the year ended 5 April 2022**
**----- Start of picture text -----**
Grants and donations (continued) 2022 2021
£ £
Brought forward 25,000 40,000
The community & environment
-
The Bread and Butter Thing 5,000
-
Cycle-R 5,000
-
Electronic Village 5,000
-
Golden Opportunities Skills & Development 5,000
-
The New Bridge Foundation 5,000
-
The No Way Trust 5,000
-
The Young Barnet Foundation 5,000
-
Recycling Unlimited 5,000
-
Vauxhall (City) Farm 5,000
-
West London Equality Centre 5,000
-
Young Ealing Foundation 5,000
Total for category 20,000 35,000
Education
Level Trust 5,000 -
-
Quest for Learning 5,000
-
Total for category 10,000
Carried forward 55,000 75,000
**----- End of picture text -----**
Page 12
**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Notes to the financial statements for the year ended 5 April 2022**
**----- Start of picture text -----**
Grants and donations (continued) 2022 2021
£ £
Brought forward 55,000 75,000
Other material grants
-
Action Through Enterprise 5,000
-
Afghanistan and Central Asian Association 5,000
African Children's Fund 5,000 -
-
Kent Refugee Action Network 5,000
-
Raising Futures Kenya 5,000
Street Doctors 5,000 -
-
The limehouse Project 5,000
The Kinetic Science Foundation 5,000 -
The Porthcurno Collections Trust - 5,000
-
The Word Forest Organisation 5,000
-
Yorkshire and Humber Ecological Data Trust 5,000
Total for category 45,000 10,000
Health & Medical Research
-
Royal College of Nursing - COVID-19 Healthcare Support Appeal 5,000
-
The Community Heartbeat Trust 5,000
-
The Hydration Foundation 5,000
The Max Perutz 5,000 -
The Virtual Doctors 10,000 -
Simien Mountains Medical Services - 5,000
Wales Air Ambulance - 5,000
Total for category 20,000 20,000
Total for the year 120,000 105,000
**----- End of picture text -----**
Page 13
**George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Notes to the financial statements for the year ended 5 April 2022**
## **3 Management and administration of charity**
|Farrer & Co
Saffery Champness
PJE
Canaccord
Bank charges
**4**
**Investments**
Market value 6 April 2021
Additions
Disposals
Net unrealised gains
Net realised gains
Market value 5 April 2022
Historical cost 5 April 2022|**General**
**Fund -**
**Income**
**£**
-
3,660
780
-
422
4,862|**General**
**Fund -**
**Capital**
**£**
3,624
3,540
-
14,985
-
22,149|**Total**
**2022**
**£**
3,624
7,200
780
14,985
422
27,011
**2022**
**£**
3,915,725
692,721
(719,193)
188,250
85,521
4,163,024
2,964,335|**Total**
**2021**
**£**
3,626
8,400
720
13,944
332
27,022
**2021**
**£**
3,082,194
1,037,476
(726,919)
458,854
64,120
3,915,725
2,686,346|
|---|---|---|---|---|
There are no material investments that represent more than 5% of the total market value of investment assets.
## **5 Creditors**
|Charitable donations made post year end
Farrer & Co
Saffery Champness
PJE
Canaccord|**General**
**Fund -**
**Income**
**£**
120,000
-
1,350
1,500
-
122,850|**General**
**Fund -**
**Capital**
**£**
-
3,624
1,650
-
3,668
8,942|**Total**
**2022**
**£**
120,000
3,624
3,000
1,500
3,668
131,792|**Total**
**2021**
**£**
-
204
4,200
1,440
3,462
9,306|
|---|---|---|---|---|
Page 14
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Investment schedule**
## **For the year ended 5 April 2022**
||**Holding**|**Book Value**|||||||**Profit**|**Holding**|**Book Cost **|**Market Value**|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**6**|**April 2021**|**6 April 2021**|**Date**|**Quantity**|**Cost**|**Date**|**Quantity**|**Proceeds**|**/(Loss)**|**5 April 2022**|**5 April 2022**|**5 April 2022**|**Date**|**Income**|
|||**£**|||**£**|||**£**|**£**|||||**£**|
|3m Company|||||||||||||||
|Common USD0.01|||||||||||||||
||700|76,420.00||||18/02/2022|700|74,967.26|(1,452.74)||||12/06/2021|617.17|
||||||||||||||12/09/2021|630.02|
||||||||||||||12/12/2021|659.72|
||||||||||||||12/03/2022|672.21|
|Amazon Common Inc|||||||||||||||
|Common USD0.01|||||||||||||||
||||04/11/2021|30|75,893.77|||||30|75,893.77|74,434|||
|Astrazeneca|||||||||||||||
|Ordinary USD0.25|||||||||||||||
||1,350|100,908.66|31/08/2021|50|4,323.89||||||||13/09/2021|874.80|
|||||||||||1,400|105,232.55|141,820|28/03/2022|2,034.20|
|Aviva|||||||||||||||
|8.75% Cumulative Irrd Preference GBP1|||||||||||||||
||54,000|68,753.10|||||||||||30/06/2021|2,362.50|
|||||||||||54,000|68,753.10|77,490|31/12/2021|2,362.50|
|Bunzl|||||||||||||||
|Ordinary GBP0.32142857|||||||||||||||
||3,800|70,468.84|||||||||||01/07/2021|1,455.40|
|||||||||||3,800|70,468.84|112,746|05/01/2022|615.60|
|Coca-Cola Hbc Ag|||||||||||||||
|Ordinary CHF6.70|||||||||||||||
||4,500|101,167.37||||||||4,500|101,167.37|71,955|03/08/2021|2,426.38|
Page 15
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Investment schedule For the year ended 5 April 2022**
|**Holding**|**Book Value**|||||||**Profit**|**Holding**|**Book Cost **|**Market Value**|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**6 April 2021**|**6 April 2021**|**Date**|**Quantity**|**Cost**|**Date**|**Quantity**|**Proceeds**|**/(Loss)**|**5 April 2022**|**5 April 2022**|**5 April 2022**|**Date**|**Income**|
||**£**|||**£**|||**£**|**£**|||||**£**|
|Cranswick||||||||||||||
|Ordinary GBP0.10||||||||||||||
|2,700|98,750.86|||||||||||03/09/2021|1,385.10|
||||||||||2,700|98,750.86|95,094|28/01/2022|540.00|
|Diageo||||||||||||||
|Ordinary GBP0.28 101/108||||||||||||||
|4,500|110,610.00||||08/10/2021|300|10,451.24|3,077.24||||08/04/2021|1,258.20|
||||||||||4,200|103,236.00|162,246|07/10/2021|2,006.55|
|Domino's Pizza Group Plc||||||||||||||
|Ordinary GBP0.00520833||||||||||||||
|32,000|101,404.11|||||||||||04/05/2021|2,912.00|
||||||||||32,000|101,404.11|121,088|24/09/2021|960.00|
|Experian Plc||||||||||||||
|Ordinary USD0.10||||||||||||||
|4,000|84,560.00|||||||||||23/07/2021|943.08|
||||||||||4,000|84,560.00|118,000|04/02/2022|467.72|
|Glaxosmithkline||||||||||||||
|Ordinary GBP0.25||||||||||||||
|7,000|104,258.00|||||||||||08/04/2021|1,610.00|
|||||||||||||08/07/2021|1,330.00|
|||||||||||||07/10/2021|1,330.00|
||||||||||7,000|104,258.00|115,290|13/01/2022|1,330.00|
|Greencoat UK Wind Plc||||||||||||||
|Ordinary GBP0.01||||||||||||||
|||12/08/2021|90,000|120,912.78||||||||26/11/2021|1,615.50|
||||||||||90,000|120,912.78|136,980|25/02/2022|1,615.50|
Page 16
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Investment schedule For the year ended 5 April 2022**
|**Holding**|**Book Value**|||||||**Profit**|**Holding**|**Book Cost **|**Market Value**|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**6 April 2021**|**6 April 2021**|**Date**|**Quantity**|**Cost**|**Date**|**Quantity**|**Proceeds**|**/(Loss)**|**5 April 2022**|**5 April 2022**|**5 April 2022**|**Date**|**Income**|
||**£**|||**£**|||**£**|**£**|||||**£**|
|Halma||||||||||||||
|Ordinary GBP0.10||||||||||||||
|5,000|94,475.00||||12/08/2021|1,000|29,062.42|10,167.42||||12/08/2021|539.00|
||||||||||4,000|75,580.00|100,360|04/02/2022|294.00|
|Intel Corp||||||||||||||
|Common USD0.001||||||||||||||
|2,000|98,385.67|||||||||||01/06/2021|413.07|
|||||||||||||01/09/2021|424.30|
|||||||||||||01/12/2021|440.01|
||||||||||2,000|98,385.67|75,440|01/03/2022|462.06|
|Intertek Group||||||||||||||
|Ordinary GBP0.01||||||||||||||
|1,400|62,412.00|02/06/2021|400|21,983.40||||||||18/06/2021|1,002.40|
||||||||||1,800|84,395.40|93,996|07/10/2021|615.60|
|Lancashire Holding Com Stk||||||||||||||
|USD 0.5||||||||||||||
|14,000|86,899.28||||22/10/2021|14,000|71,318.41|(15,580.87)||||04/06/2021|1,006.33|
|||||||||||||03/09/2021|503.24|
|London Stock Exchange Group||||||||||||||
|Ordinary GBP0.06918604||||||||||||||
|||11/05/2021|1,400|98,994.64||||||||21/09/2021|350.00|
|||31/08/2021|100|8,043.00|||||1,500|107,037.64|119,460|||
|London Stock Exchange Group||||||||||||||
|4.75% Mtn 02/11/21 GBP100||||||||||||||
|50,000|50,250.00||||12/08/2021|50,000|51,009.10|759.10||||02/05/2021|1,187.50|
Page 17
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Investment schedule For the year ended 5 April 2022**
|**Holding**|**Book Value**|||||||**Profit**|**Holding**|**Book Cost **|**Market Value**|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**6 April 2021**|**6 April 2021**|**Date**|**Quantity**|**Cost**|**Date**|**Quantity**|**Proceeds**|**/(Loss)**|**5 April 2022**|**5 April 2022**|**5 April 2022**|**Date**|**Income**|
||**£**|||**£**|||**£**|**£**|||||**£**|
|Microsoft Corp||||||||||||||
|Common USD0.00000625||||||||||||||
|770|101,278.60|||||||||||10/06/2021|256.08|
|||||||||||||09/09/2021|261.81|
|||||||||||||09/12/2021|303.11|
||||||||||770|101,278.60|180,682|10/03/2022|307.06|
|Mondi Plc||||||||||||||
|Ordinary EUR0.20||||||||||||||
|5,600|73,979.01||||18/03/2022|5,600|83,810.42|9,831.41||||13/05/2021|1,995.38|
|||||||||||||30/09/2021|956.16|
|National Grid||||||||||||||
|Ordinary GBP0.12431289||||||||||||||
|9,167|77,168.00||||12/08/2021|9,167|86,402.26|9,234.26||||18/08/2021|2,948.11|
|National Westminster Bank||||||||||||||
|9% Ser'a'non-Cum Preference GBP1||||||||||||||
|60,000|71,700.00|||||||||||16/04/2021|2,700.00|
||||||||||60,000|71,700.00|91,440|18/10/2021|2,700.00|
|Novo-Nordisk As||||||||||||||
|DKK0.2 Ser'b'||||||||||||||
|2,300|114,239.84|||||||||||18/08/2021|666.44|
||||||||||2,300|114,239.84|195,032|29/03/2022|1,306.61|
Page 18
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Investment schedule**
## **For the year ended 5 April 2022**
|**Holding**|**Book Value**|||||||**Profit**|**Holding**|**Book Cost **|**Market Value**|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**6 April 2021**|**6 April 2021**|**Date**|**Quantity**|**Cost**|**Date**|**Quantity**|**Proceeds**|**/(Loss)**|**5 April 2022**|**5 April 2022**|**5 April 2022**|**Date**|**Income**|
||**£**|||**£**|||**£**|**£**|||||**£**|
|Personal Assets Trust||||||||||||||
|Ordinary GBP12.50||||||||||||||
|300|123,000.00|||||||||||13/04/2021|420.00|
|||||||||||||16/07/2021|420.00|
|||||||||||||08/10/2021|420.00|
||||||||||300|123,000.00|150,900|12/01/2022|420.00|
|Pz Cussons||||||||||||||
|Ordinary GBP0.01||||||||||||||
|||12/08/2021|39,000|100,350.68|||||39,000|100,350.68|76,206|30/11/2021|1,333.80|
|Reckitt Benckiser Group Plc||||||||||||||
|Ordinary GBP0.10||||||||||||||
|1,500|93,780.00||||12/08/2021|1,500|84,287.00|(9,493.00)||||14/06/2021|1,524.00|
|||||||||||||15/09/2021|1,095.00|
|Relx Plc||||||||||||||
|GBP0.1444||||||||||||||
|6,100|103,952.94|||||||||||03/06/2021|2,037.40|
||||||||||6,100|103,952.94|145,302|08/09/2021|872.30|
|Rio Tinto||||||||||||||
|Ordinary GBP0.10||||||||||||||
|2,300|86,503.00|||||||||||15/04/2021|6,638.49|
||||||||||2,300|86,503.00|139,840|23/09/2021|9,294.30|
|Rit Capital Partners||||||||||||||
|Ordinary GBP1||||||||||||||
|6,000|94,440.00||||12/08/2021|1,500|40,025.10|16,415.10||||30/04/2021|1,057.50|
||||||18/02/2022|500|12,611.35|4,741.35|4,000|62,960.00|101,800|29/10/2021|793.13|
Page 19
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Investment schedule For the year ended 5 April 2022**
|**Holding**|**Book Value**|||||||**Profit**|**Holding**|**Book Cost **|**Market Value**|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**6 April 2021**|**6 April 2021**|**Date**|**Quantity**|**Cost**|**Date**|**Quantity**|**Proceeds**|**/(Loss)**|**5 April 2022**|**5 April 2022**|**5 April 2022**|**Date**|**Income**|
||**£**|||**£**|||**£**|**£**|||||**£**|
|Roche Holdings Ag||||||||||||||
|Genusscheine No Par Value||||||||||||||
|500|133,308.27||||||||500|133,308.27|151,032|21/03/2022|2,424.61|
|Ruffer Investment Co||||||||||||||
|Red Ptg Pref Shs GBP0.0001||||||||||||||
|55,000|122,650.00||||31/08/2021|5,000|14,429.50|3,279.50||||29/10/2021|775.00|
||||||||||50,000|111,500.00|152,500|25/03/2022|750.00|
|Segro Plc||||||||||||||
|Ordinary GBP0.10||||||||||||||
|12,000|89,448.00||||12/08/2021|2,000|24,445.40|9,537.40||||04/05/2021|1,824.00|
||||||18/02/2022|2,000|25,985.20|11,077.20|8,000|59,632.00|107,600|24/09/2021|888.00|
|Smith & Nephew||||||||||||||
|Ordinary USD0.20||||||||||||||
|8,500|115,855.00|||||||||||12/05/2021|1,412.70|
||||||||||8,500|115,855.00|103,658|27/10/2021|892.50|
|Smith A O Corp||||||||||||||
|Common Stk USD1||||||||||||||
|||18/02/2022|1,400|74,296.75|||||1,400|74,296.75|68,077|||
|Smiths Group Plc||||||||||||||
|Ordinary GBP0.375||||||||||||||
|7,000|74,235.00|||||||||||14/05/2021|819.00|
||||||||||7,000|74,235.00|101,640|19/11/2021|1,820.00|
|Smurfit Kappa Group Plc||||||||||||||
|Ordinary EUR0.001||||||||||||||
|||18/03/2022|2,400|84,767.34|||||2,400|84,767.34|81,888|||
Page 20
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Investment schedule For the year ended 5 April 2022**
||**Holding**|**Book Value**|||||||**Profit**|**Holding**|**Book Cost **|**Market Value**|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**6**|**April 2021**|**6 April 2021**|**Date**|**Quantity**|**Cost**|**Date**|**Quantity**|**Proceeds**|**/(Loss)**|**5 April 2022**|**5 April 2022**|**5 April 2022**|**Date**|**Income**|
|||**£**|||**£**|||**£**|**£**|||||**£**|
|Spectris|||||||||||||||
|Ordinary GBP0.05|||||||||||||||
||3,260|100,510.05|||||||||||30/06/2021|1,515.90|
|||||||||||3,260|100,510.05|84,695|12/11/2021|749.80|
|Tate & Lyle|||||||||||||||
|Ordinary GBP0.25|||||||||||||||
||15,000|93,338.66|||||||||||06/08/2021|3,300.00|
|||||||||||15,000|93,338.66|109,800|05/01/2022|1,350.00|
|Telecom Plus|||||||||||||||
|Ordinary GBP0.05|||||||||||||||
||6,700|86,975.03|||||||||||30/07/2021|2,010.00|
|||||||||||6,700|86,975.03|102,376|17/12/2021|1,809.00|
|Tesco|||||||||||||||
|Ordinary GBP0.0633333|||||||||||||||
||33,947|96,801.65|31/08/2021|3,553|9,140.02||||||||02/07/2021|2,019.85|
|||||||||||37,500|105,941.67|103,481|26/11/2021|1,200.00|
|Travellers Companies Inc|||||||||||||||
|Com NPV|||||||||||||||
||1,000|76,461.00||||11/05/2021|1,000|110,388.90|33,927.90||||||
|Unilever Plc|||||||||||||||
|Ordinary GBP0.031111|||||||||||||||
||2,900|117,073.00|31/08/2021|100|4,091.50||||||||10/06/2021|1,075.90|
||||||||||||||08/09/2021|1,070.97|
||||||||||||||01/12/2021|1,079.40|
|||||||||||3,000|121,164.50|103,635|22/03/2022|1,080.60|
Page 21
## **George & Esme Pollitzer Charitable Settlement of 27 January 1960**
## **Investment schedule**
## **For the year ended 5 April 2022**
|**Holding**
**Book Value**
**6 April 2021**
**6 April 2021**
**Date**
**Quantity**
**£**
United Kingdom(Government Of)
0.125% Idx/lkd Snr Bds 22/11/36 GBP100
12/08/2021
50,000
Visa Inc
Common Stk USD0.0001 'a'
640
100,451.60
**TOTAL:**
**3,456,871.54**|**Cost**
**Date**
**Quantity**
**£**
89,923.59
**692,721.36**|**Proceeds**
**£**
**719,193.56**|**Profit**
**Holding**
**Book Cost Market Value**
**/(Loss)**
**5 April 2022**
**5 April 2022**
**5 April 2022**
**Date**
**Income**
**£**
**£**
50,000
89,923.59
87,017 22/11/2021
37.05
01/06/2021
121.92
01/09/2021
125.03
07/12/2021
152.56
640
100,451.60
108,024 01/03/2022
151.60
**85,521.27**
**3,515,920.61**
**4,163,024**
**112,433.73**|**Income**
**£**
37.05
121.92
125.03
152.56
151.60|
|---|---|---|---|---|
Page 22