2021-12-31-accounts - William Dudley Trust

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			Unrestricted	Permanent	Total	Total
		Notes	Income f	Endowment f	2021f	2020f
Incoming Resources
Investment income			48,154		48,154	38,790
			48,154		48,154	38,790
Resources Expended
Charitable expenditure:
Grants payable			43,508		43,508	45,800
Management expenses			6,538	7,618	14,156	8,892
Total Resources Expended			50,046	7,618	57,664	54,692
Net expenditure before	gain/
(losses) on investments			(1,892)	(7,618)	(9,510)	(15,902)
Unrealised net gain on	investments	5		164,047	164,047	14,105
Realised net (loss)/gain	on
investments Cash fractions 5equalisation		6		(1,619)	(1,619)	(63,600)
received				89	89	342
Net (expenditure)/income			(1,892)	154,899	153,007	(65,055)
Fund balances brought	forward at
1january 2021			52,427	1,239,235	1,291,662	1,356,717
Fund balances carried forward
31 December 2021			50,535	1,394,134	1,444,669	1,291,662

		Unrestricted	Permanent	Total	Total
	Note	Income f	Endowment f	2021 f	2020f
Fixed Assets
Investments			1,394,134	1,394,134	1,239,235
Current Assets
Income tax recoverable		364		364	364
Lloyds Bank Plc current account		51,965		51,965	53,857
Quilter Cheviot income account
Cash in hand		30		30	30
		52,359		52,359	54,251
Less Creditors:
Amounts falling due within one year	8	(1,824)		(1,824)	(1,824)
Net Current Assets		50,535		50,535	52,427
Total Net Assets		50,535	1,394,134	1,444,669	1,291,662
Funds (Page 7)		50,535	1,394,134	1,444,669	1,291,662

				2021	2020
Investment	income	from	UK listed investments	33,448	28,010
Investment	income	from	non-UK listed investments	14,706	10,780
				48,154	38,790

FOR	THE YEAR ENDING 31DECE	MBE	R 2	02	1
3.	Grants Payable
							2021f	2020f
	a) Primary Objective (per page 2)
	The Prince's Trust						25,000	25,000
	School ofjewellery, Birmingham		City	University
	Design for Industry Final Degree Module Awards						5,500	4,000
	Design for Industry New Designers			Event Awards			1,050
	Artist in Residence Bursary						2,000	2,000
							33,550	31,000
	b) Second Objective (per page 2)
	Age Concern, Birmingham						7,000	6,600
	c) Third Objective (per page 2)
	General Grants to Institutions	(towards			expenditure	as itemised)
	African Women Impact UK
	(Women Matters' programme)						1,000
	Bethany Community Outreach
	(Purchase of food for food	bank)						1,000
	Cruse Bereavement Care
	(Cost ofvolunteers' online	training)						900
	East African Women's Actions
	(Elderly refugees mental health project)						1,000
	Family Connection Association
	(Women's DIY skills training)						958
	Friends ofVictoria School
	(Cost of purchasing a clay	kiln)						1,000
	Sandwell African Women Association
	(Elderly support project)							1,000
	Sandwell Asian Development	Association
	(Sports boxing equipment	for	over	50s)				1,000
	Sandwell Youth in Action
	(Refugee girls' sports project)							1,000
		carried forward					2,958	5,900

FOR	THE YEAR ENDING 31DECE	M	BER	20	21
3.	Grants Payable (continued)
								2021	2020
	c) Third objective (per pages 2 and 3)			continued
	General Grants to institutions		(towards		expenditure		as itemised)
		brought		forward				2,958	5,900
	South Sudanese East Bank Community				Association
	(Costs ofvolunteer work	experience			programme)				1,000
	St Martin's Youth Centre
	(Cost of project worker)								1,000
	Sudden Productions
	(Costs of printing handouts)								300
	Victoria School
	(Music therapy provision)
	Total number 9(2020:9)							2,958	8,200
	Total Grants Payable							43,508	45,800
	Grants payable were attributable		to unrestricted			funds.
	Reconciliation ofGrants Payable
	Commitments made in the year							43,508	45,800
	Commitments at 1january 2021
	Grants paid during the year							(43,508)	(48,800)
	Commitments at 31December	2021

Management	Expenses				2021f	20120
Unrestricted	Income Fund
Administration	fees (see below)				4,320	4,320
Independent	examination	fees			638	638
Accountancy	charges				1,162	1,162
PO box					284	270
Miscellaneous	expenses				134	141
					6,538	6,531
Permanent	Endowment		Fund
Stockbroking	and investment		advice management	fee	7,618	2,361
Miscellaneous	expenses
					7,618	2,361

Investments
		Unrestricted	Permanent	Total	Total
	Notes	Income	Endowment	2021	2020f
Market value at 31 December 2020			1,205,562	1,205,562	1,182,511
Add: additions at cost			67,948	67,948	305,480
			1,273,510	1,273,510	1,487,991
Less: disposal at opening
market value or later cost	6		(75,278)	(75,278)	(296,534)
			1,198,232	1,198,232	1,191,457
Unrealised net gains			164,047	164,047	14,105
			1,362,279	1,362,279	1,205,562
Quilter Cheviot client capital	acc		31,855	31,855	33,673
Market value at 31 December 2021			1,394,134	1,394,134	1,239,235

Realisation ofI	nvestments
				Opening	Gain/Loss	on Disposal
		Proceeds of		Market		From opening
		Disposal		value		Market Value
		(excl accrued interest)		fk/or Later cost f	From cost	fk/or Later Cost f
UK Listed
Invesco Physical	Markets
325 Ordinary		40,553	39,697	43,669	856	(3,116)
jackson Financial	Inc Com
18Ordinary		333			333	333
SSGA SPDR RTFS
265 Ordinary		22,324	25,518	22,538	(3,194)	(214)
Vodafone Group
7,500 Ordinary		10,449	20,765	9,071	(10,316)	1,378
Grand Total		73,659	85,980	75,278	(12,321)	(1,619)

WILLIAM DUDLEY TRUST S TO THE ACCOUNTS (Continued) THE YEAR ENDING 31DECEMBER 2021	WILLIAM DUDLEY TRUST S TO THE ACCOUNTS (Continued) THE YEAR ENDING 31DECEMBER 2021						Page 16
Summary ofInvestments							Market
						Costf	Valuef
UK Listed
375	Anglo American 55c					5,016	11,310
350	Ashtead Group ordinary 10p					8,794	20,797
14,250	Assura Plc Ordinary 10p					10,240	9,947
175	Astrazeneca Ordinary 25c					7,502	15,187
65,000	AXA Investment Man US Sh Dr Hg Yd			Bd Zi Gr Inc		65,955	59,345
22,500	Baillie Gifford 8.Cojapanese Income		Growth			31,014	33,818
7,050	Barclays Plc Ordinary 25p					13,065	13,184
10,000	BlackRock World Mining Ordinary	5p				21,302	58,900
35,000 4,000	BlackRock Continental European Income BMO Fund Mgmt Ltd Property Growth 5Inc					43,496 40,188	67,358 45,225
3,000	British Petroleum Ordinary 25c					15,772	9,915
21,750	Fidelity UCITS ICAV US Quality Income ETF					112,022	149,395
35,000	FIL Investment Services Money	Builder Income Fund				45,397	43,981
15,000	Franklin Templeton Fund Mgmt	Ltd UK Smaller				21,384	28,617
20,000	Gresham House Energy Storage	Fd Plc				23,082	26,100
6,500	Henderson Far East Income Ordinary			NPV		24,645	19,175
15,000	HICL Infrastructure Co Ltd Ordinary 0.01p					22,133	26,490
1,500	Intermediate Capital Group Ordinary		26.25p			10,901	32,910
15,000	International Public Partner Ordinary		0.01p			22,316	25,500
6,500	Legal 8.General Ordinary 2.5p					17,150	19,338
22,500	Lloyds Banking Group Ordinary	1p				14,095	10,755
10,750	MSG Pic Ordinary Sp					23,875	21,446
2,400	Matthews Asia Fds SICAV ASIA	Ex jAPAN DIV S				32,004	35,832
20,000	Mercantile Investment Trust PLC Ordinary				25p	26,681	53,700
4,000	Nb Private Equity Class A Ordinary 1c					26,063	74,000
1,000	Persimmon pic Ordinary 10p					12,718	28,560
750 303	Prudential 5p Prusik Asian Equity Income					11,265 51,712	9,559 46,491
375	Rio Tinto pic Ordinary 10p					15,291	18,345
1,250	Royal Dutch Shell pic BOrdinary	Eur	0.07			17,724	20,280
3,750	Smiths DS Ordinary 10p					15,932	14,393
125	Taiwan Semiconductor Manufacturing					12,379	11,119
6,710	Tesco Ordinary 6.33333p					21,211	19,452
175	Unilever pic Ordinary 3.1111p					3,300	6,905
2,500	3i Ordinary 73.86p					24,717	36,225
	(2020: Cost f769,280, Market	Value		f1,008,763)		870,341	1,123,554

7.	Summary	ofInvestments (Continued)	ofInvestments (Continued)			Market
					Cost	Value
	Non-UK Listed
	3,750	Black Rock GF Global High Yield A1US$			15,238	22,846
	500	Findlay Park Funds Plc American Fund			8,943	79,939
	2,800	HSBC Etfs S%P	500 Ucits Etf		51,315	100,223
	175	Novartis AG CHF	0.5		9,818	11,390
	2,495	Princess Private	Equity Hldgs Ordinary	1p	20,859	30,327
		(2020: Cost f110,406, Market Value f196,799)			106,173	238,725
	Total UK and Non-UK Listed
		(2020: Cost f996,460, Market Value f1,205,562)			976,514	1,362,279
	Cash (UK)
	Quilter Cheviot capital account
		(2020: Cost f33,673, Market Value f33,673)			31,855	31,855
		(2020: Cost E1,030,133,Market Value		E1,239,235)	1,008,369	1,394,134
8.	Creditors	Falling Due within	One Year
			Unrestricted	Permanent	Total	Total
			Income	Endowment	2021	2020
					f.
	Accruals:
	Independent	examination fees	638		638	638
	Accountancy	charges	1,186		1,186	1,186
			1,824		1,824	1,824
			1,824		1,824	1,824