## 



## 

|Contents|||Page|
|---|---|---|---|
|Accountants'<br>Report||||
|Background<br>notes and|accounting|policies||
|Income and Expenditure|Account|||
|Investment<br>Income for the year|||4-5|
|Balance Sheet||||
|Schedule of Investinents|||8-9|
|Reconciliation<br>and analysis ofMovement ofFunds|||10|



## 





## 

## 

## 



## 

|Trustees AFBrldeoake|Trustees AFBrldeoake|Trustees AFBrldeoake|deceased|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Income and expenditure|||account|||||||||
|for the year ended|5|April|2021|||||||||
|||||||2021|||2020|||
|Gross Income||||||||||||
|investmentincome||||Page 5|||87,268|||10"I,868||
|Rents, ground rents||etc.||||||||||
|Market Weighton|property||||||1,610||||1,615|
|Lowton St.Mary's|properties|||||||||||
|Leigh properly||||||||||||
|Perpetual<br>rent charge||||||||||||
|Chorlton-curn-Hardy,||Manchester||||||||||
|Interest received||||||||||||
|Bank Interest|||||||||||737|
|Mortgage interest||||||||||||
||||||||89,362|||||
|Expenditure||||||||||||
|Trustee expenses|||||135|||152||||
|Public liability insurance|||||865|||797||||
|Legal charges etc.|||||26,340|||26,481||||
|Accountancy<br>charges|||||1,380|||1,380||||
|Bank charges|||||156|||155||||
||||||||28877|||28888||
||||||||60,486|||75,256||
|Bounties|||||||41,600|||39,400||
|Net incornel(expenditure)|||for the year||||18,886|||35,856||
|||||||||7iyf. ~io|4&$4|/pl|wv4-bJ|
|||||||||QA|~~N|A&$1+~~81||





## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
|Interest, from Government|||Securities||||
|1.25'Io ILTreasury Stock||2027|||1,284|1,262|
|Wider Range Securities|||||||
|The Equities investment||Fund||for Charities|16,770|2'I,710|
|Aberdeen<br>Diversiffed|||||950|820|
|Standard<br>Life Aberdeen|||||890|890|
|Alliance Trust|||||690|670|
|Artemis<br>Global inc|||||755|1,098|
|Asia Dragon Trust|||||142|142|
|AstraZeneca|||||'3,405|3,591|
|Aviva|||||274|638|
|Avfva VS Equity Income|||||1,267|1,016|
|BAE Systems|||||667|542|
|Balfour Beattie||||||115|
|BHP Group|||||1,726|1,690|
|Blackrock Cont Eu Inv|||||1,257|1,303|
|BMO Comm Prop Trust|||||704|1,625|
|BNY Mellon|||||816|827|
|BP|||||1,405|2,268|
|British Land|||||'161|604|
|Compass<br>Group||||||458|
|Capital Emerging<br>Mkts Total|||Opp Inc||379|500|
|Carnival||||||318|
|Centrica||||||422|
|Derwent London|||||154|142|
|Diageo|||||1,359|1,334|
|Experfan|||||918|927|
|First State||||||350|
|First Trust Gl Equity|||||613|453|
|GlaxoSmithKline|||||, 712|7'f2|
|HSBC Holdings||||||4,?49|
|Henderson<br>Eurotrust|||||598|671|
|IMI|||||509|617|
|Inmarsat||||||114|
|ishares|||||598|659|
|Johnson<br>Matthey|||||205|348|
|JPMorgan<br>American|investment|||Trust|504|504|
|JPMorgan<br>Emerging|Markets||||144|9'f|
|JPMorgan US Eq Inc|||||575|216|
|Jupiter Euro Inc|||||40|129|
|Land Securities|||||97|249|
|Law Debenture<br>Corporation|||||5,46?|2,741|
|Gross Income|||||46,03?|57,513|





## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||E|
|Lion Trust Euro income|||||759|720|
|M8G|||||170||
|Marks &Spencer||||||707|
|Meggitt||||||346|
|Mercantile<br>Investment||Trust|||1,063|845|
|Monks Investment<br>Trust|||||134|99|
|National<br>Grid|||||918|951|
|NB Global Fl Rate|||||939|818|
|Pearson|||||158|154|
|Pennon<br>Group|||||669|760|
|Prudential|||||195|391|
|Reckitt 8 Benckiser|||||201|199|
|Relx|||||946|896|
|Royal Dutch Shell|||||1,328|3,969|
|Rio Tinto|||||3,834|6,355|
|Schroder Asian Inc Fund|||||683|654|
|Scottish 8 Southern|Energy||||872|1,000|
|Scottish Mortgage<br>Investment||||Trust|640|606|
|SQN Asia Fin Inc||||||1,110|
|Standard<br>Chartered||||||131|
|Standard<br>Life Eq inc|Trust||||1,049|985|
|Standard<br>Life Inv Prop|||||971|1,200|
|Tate 8 Lyle|||||181|181|
|Temple Bar Inv Tr|||||450|601|
|Tesco|||||6,184|.689|
|Twentyfour<br>Inc Fund|||||557|392|
|3i Infrastructure|||||530|498|
|Unilever|||||726|700|
|Valu-Tree Gravis Inc|||||2„149|1,273|
|Vodafone|||||1,020|952|
|Whitb read||||||254|
|Witan Inv Trust|||||929|856|
|Artemis StBond|||||1,273|1,343|
|Franklin Temp IL Bond|||||1,633|2,630|
|Fidelity<br>Infl Lkd Bond||||||82|
|Henderson<br>Diversified||Ord|NPY||491|491|
|Henderson<br>Gbl Inv Preference||||&BD|1,167|1,003|
|Kames Capital Sterling||Corp Bond|||1,108|1,117|
|invesco Perp Corporate||Bond|||1,482|1,85S|
|M &G Strat Corp Bond|||||1,740||
|M8 G Gl Makro Bond|||||459|428|
|National<br>Grid Gas IL|||||368|671|
|Ninety One Fund Emerging|||Markets Local Curr Debt||351|410|
|Pimco Sel In Bond|||||'I„826|1,736|
|Threadneedle<br>H YBond|||||1,079|1,280|





|Trustees AFBrldeoake dece|ased||||||||
|---|---|---|---|---|---|---|---|---|
|Balance Sheet|||||||+nC~||
|as st5April 2021|||||||~|vl e|
||||||2021||2020||
||||||||"~$7!5+||
|Investments|||Page 8||3,098,046||2,314,265||
|Freehold Properties|||||||||
|Leigh||||633||633|||
|Lowton St, Mary's||||445||445|||
|Market Weighton||||693||693|||
||||||1,770||1,770||
|Perpetual<br>Rent Charge|||||||||
|R7per annum at Chorlton-curn-Hardy,||Mic.|||161||'i61||
|Freehold Ground Rents|||||||||
|Leigh||||176||176|||
|Lowton St.Mary's||||615||615|||
||||||791||791||
|l oans on INortgage<br>6 8 KGailey|||||2,000||2,000||
|Cash and bank balances|||||||||
|HSBC-current account||||12,450||4,258|||
|Walker Cnps Group||||789,043||739,269|||
|Cowling Swift & Kitchen-Clients'|account|||824,296||880,287|||
||||||1,625,789||1,623,813||
|Debtors|||||||||
|income tax|||||||||
||||||4,728,556||3,942,859||
|Less: Current liabilities|||||||||
|Accruals||||||797|||
|Cowling Swift 8 Kitchen|||||||||
|Accountancy||||2,760||1,380|||
||||||2,760||1,380||
||||||4,725,796||3,941,479||





||||2021|2020|
|---|---|---|---|---|
|Funds|||||
|Permanent|Endowment||4,606,268|3,957,420|
|General|||119,527.90|100,642|
|||'|4,725,796|4,058,062|





|||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Market Value||Cost|Market Value||Cost|
|||||||||||f.|
|Government<br>Securities|||||||||||
|1.25%Treasury<br>IL202T|||||135,663||100,164|136,'734||100,184|
||||||135,663||100,164|136,734||100,164|
|Wider Range Securities|||||||||||
|The Equities Investment||Fund|for Charities||382,712||30,110|298,423||30,110|
|Alliance Trust|||||44,880||8,088|29,232||8,098|
|Aberdeen<br>Diversified|||||16,565||18,909|15,208||18,909|
|Abemleen<br>Standard|Equity inc||||16,822||20,831|13,641||20,931|
|Artemis Global Income|||||39,249||36,400|28,905||35,400|
|Asia Dragon Trust|||||15,761||12,012|10,268||12,012|
|AstraZeneca|||||117,9T9||3,T52|1'I7,519||3,752|
|Avhra|||||8,624||8,498|4,924||8,496|
|Avfva UK US Eq inc|||||43,471||24,901|31,753||24,901|
|Axa Framllngton|||||64,81T||8,999|42,256||9,999|
|BAE Systems|||||12,250||7,954|12,000||7,954|
|Balfour Beatty|||||8,495||5,980|4,5T2||5,990|
|BHP Group|||||31,020||30,185|18,818||30,185|
|Blackrock Cont Eu|||||47,285||39,923|35,758||39,923|
|BMO Comm Prop Trust|||||20,912||33,552|20,150||33,552|
|BNY Mellon AS Inc|||||24,462||20,199|18,270||20,199|
|BP|||||20,288||38,472|23,611||36,472|
|British Land|||||9,784||10,022|6,038||10,022|
|Capital<br>Intf Emerging|Mkts||||9,684||10,000|8,192||10,000|
|Carnival|||||3,252||5,814|1,230||6,814|
|Centrica|||||2,387||10,597|1,357||10,597|
|Compass<br>Group<br>Derwent London|||||'l7,103<br>8,875||9,288<br>5,005|12,584<br>6,313||9,288<br>5,005|
|Dlageo|||||58,486||678|47,808||6TB|
|Experisn Group|||||63,650||1,403|52,850||1,403|
|First Sentier Stewart Asia||Pac Ld||rs Trust|47,S38||20,857|33,227||20,657|
|First Trust Gl Funds Eq Markets|||||18,004||20„048|14,96'I||20,048|
|GlaxoSmithKllne|||||11,371||10,010|13,256||10,010|
|Henderson<br>DivsrsiBed|||||9,232||10,025|7,872||10,025|
|Henderson<br>Preference 8 Bond|||||28,182||24,997|23,515||24,SS7|
|Henderson<br>Eurotrust|||||34,297||19,896|23,757||19,SSB|
|HSBC Holdings|||||50,754||11,087|47,636||11,097|
|3l Infrastructure|||||'I6,536||' 9,987|13,413||9,997|
|IMI|||||1S,994||B,T34|10,925||5,734|
|Inrnarsat|||||||||||
|Ishares S8P|||||47,584||10,5S4|33,481||10,584|
|JP Morgan American|lnv|Trust|||47,043||9,898|28,056||9,996|
|JP Morgan Emerging|Markets||||13,2ST||10,018|8,048||10,018|
|JP Morgan US Eq income|||||29,224||25,175|18,5SB||25,175|
|Johnson Matthey|||||12,086||4,442|B,T51||4,442|
|Jupiter European<br>Income|||||27,520||25,132|21,978||25,132|
||||||1,632,511||718,786|1,302,705||718,766|





|||||2Q21||2020||
|---|---|---|---|---|---|---|---|
||||Market Value||Cost|Market Value|Coat|
|Wider Range Securities (continued)||||||||
|KKV Secured Loan Fund|||3,553||14,174|4,900|17,904|
|Land Securities|||3,782||2,998|2,774|2,988|
|Law Debenture<br>Corporation|||101,618||29,881|63,248|29,861|
|Legg Mason Asia Pacific|||2T,678||10,312|19,971|10,312|
|Lion Trust Eu Inc|||25,980||20„072|18,925|20,072|
|M&G pic|||1,633||648|853|548|
|Marks &Spencer|||10,973||4,043|6,768|4,043|
|Meggitt|||10,055||8,001|4,449|8,001|
|Mercantile<br>lnv Trust|||41,216||15,013|25,792|15,013|
|Monks Investment<br>Trust|||73,?45||'13,928|40,743|'I3,928|
|National<br>Grid|||16,173||11,941|15767|11,941|
|NB Global Fl rate Inc|||16,489||,'18,024|13,520|18,024|
|Ninety One<br>Fund Man Emerging||Mkts Local Curr|5,923||10,000|5,873|10,000|
|Pearson|||6,245||,10,Q16|3,870|10,016|
|Pennon<br>Group|||17,809||13,087|18,967|13,08?|
|Prudential|||12,102||~ 3,431|7,178|3,431|
|Reckitt Benddser|||7,472||8,091|T,190|8,091|
|Relx|||37,985||9,'?94|34,911|9,794|
|Royal Dutch Sheg|||36,02S||26,892|38,268|26,892|
|Rio Tinto|||T0,692||'10,216|48,517|10,216|
|Schroder Asian Inc Fund|||22,28S||20,189|15,657|20,189|
|Scottish &Southern<br>Energy|||15,808||7,432|11,842|7,432|
|Scottish Morg lnv Trust|||225,234||24,9SB|$04,200|24,996|
|Standard<br>Chartered|||3,T16||10,847|3,081|10,847|
|Standard<br>Life Aberdeen|||12,106||12,166|7,946|12,166|
|Standard<br>Life Inv Prop|||17,927||23,002|22,096|23,002|
|Tats &Lyle|||4,670||4,996|3,748|4,996|
|Temple Bar Inv Trust|||13,432||15,033|8,541|15,033|
|Tesco|||18,355||14,517|22,838|14,617|
|Threadneedle<br>Inv American|Select Trust||45+83||20,125|31,029|20,125|
|Twentyfour<br>Inc Fund|||9,418||10,037|7,44?|10,037|
|Unile ver|||19,708||6,452|19„781|6,462|
|Valu-Tree Gravis UK Income|||44,240||44,386|41,300|44,385|
|Vodafone|||16,908||22,006|14,044|22,006|
|Witan Investment<br>Trust|||38,681||35,009|25,799|35,009|
|Whltb read|||8,900||,10,003|6,301|10,003|
|Artemis Sb Bond|||53,422||52,041|49,518|52,041|
|Fil GBLiL Bond|||52,547||50,436|50,802|50,436|
|Franklin Temp Term Bond|||36,764||49,993|38,866|49,993|
|Invesco Perp Corp bond|||54,692||44,997|51,696|44,997|
|Aegon Asst Man Sterilng Cor Bond|||39,879||34,998 .|37,704|34,998|
|M &G Corporate Bond|||57,638||48,406|51,688|48,408|
|M &G Makro Bond|||24,839||24,892|26,004|24,892|
|Nat Grid Gas4.1875%IL|||IS,891||19,400|19,728|19,400|
|Plmco Gl Sel UK Bond|||50,737||52,835|47,008|52,635|
|Threadneedle<br>High Yield Bond|||32,401||29,998|28,153|29,998|





## 

|||||Restricted Funds|Restricted Funds||
|---|---|---|---|---|---|---|
|||||General|Permanent|Total|
||||||Endowment||
|Opening|value offunds|||100,642|3,95?,420|4,058,062|
|Management<br>fees|||||(19,702)|(19,702)|
|Net income/(expenditure)||for the year||18,885.74||18,886|
|Realised|gains/(losses)|on investments|||(1,522)|(1,522)|
|UnreaHsed|gains/(losses)|on investments|||670,073|670,073|
|Closing value offunds|||Page 7|119,528|4,806,268|4,725,796|