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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|
##
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##
|||||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||||||||
##
|4.|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|