L & D SECCOMBE CHARITABLE TRUST
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2025
CHARITY NO 217988
ck
L & D SECCOMBE CHARITABLE TRUST
CONTENTS
Page
Report of the Trustees
Independenl Examiner's report
Statement of financial aclivrties
Balance Sheet
Statsm8nt of Cash Flows
Schedule of distnbutions
Notes to the financtal state1rts
9-10
Investment schedule
L & D SECCOMBE CHARITABLE TRUST
{Charlty No 2179881
TRUSTEES, REPORT
The Trustees present th8ir reFrtyt and financial statements for the year ended 05 April 2025.
The accounts have been prepared in accordance with the Trusvs deed, the Charities Act 2011 and
°A¢countsng and Reporting by Chanties.. Ststement of RecommerKled PraCte applicable lo charities
preparing their a¢counls in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021" {as amended for accounting periods commencing from 1 January 20161.
The chanty was established by Deed on
31 December 1959 by the settlor Leslie Stuart
Seccombe. rthi deceased. The lemis of the
Deed direct that the trustees hold the income
al capital of the twst for applicab'on to such
charitable purposes as they in their absolule
discretion think fft.
Tn4St con$tUtiOn and objects
Trust•O8
The trustee5 who served during the year were:
Hon. Philip S Seccombe
Mrs Joanna Milchell
Mr8 Philippa Brook
Prineipal address
CKCA Limit8d
No 4 Castle Court 2
Castlegale Way
Dudley
West Midlands
DY14RH
Solieltors
Hiqgs LLP
3 Waterfront Business Park
Brwley Hill
West Midlands
DY5 1LX
Bank•Ys
Lloyds Bank pEc
New Street
Birmingham
Inv8slment Managers
Barclays Wealth
One Snowhill
Snowhill Queensway
Birmingham
B4 6GN
Rathbones
5th Floor, 3 Ternp Quay
3 Temple Back Easl
Bristol
BS16DZ
Page 1
L & D SECCOMBE CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
Activities and flnan¢lo1 revlew
The charty's financial position is set out in ihe attached accounts.
The trustees, poIY is lo distribute annually the income from their
investments to charities approved by them. The trustees meet
periodically to consider applKations for charitable funding.
The trustees, charitable distributions for the year amounted to
£42,000 12024 £30,000) and are shown on page 7. The Irustees.
policy is to make distributions on a regular basis and to maintain a
small cash reserve sufficient to meet adminislrati¢Jn cosls.
During the yeai to S April 2024 the charity received bljnds and
investments from the Mrs DA Seccombe Wll Trust. Thi5 trust was
set up by Mrs Doris Seccombe to provide income for her daughter,
Mrs B M Abercrombie, for life with the capital passing to this ¢harity
on her death. Mrs B M Abercrombie died on 11 May 2020 and the
trustees released the funds to Ihe charity on 5 May 2023.
The capital received from the Wll Trust consisted of cash of £21,311
and investment5 wrth a took cost of £848,840 and value of
£938,866.
There has been a small lall in the value of the investments held by
the trust, however they have generated income of £45,631 {2024'.
£44,497) whh enabled Ihe trustees to make charitable distn'butions.
The balarKe on unr•stri¢ted funds at the end of the year was
£1,578,335 {2024= £1,600,021>. The Trustees consider the ffijnds to
be sufficient lo meet Ihe ¢harity's objectives.
Investmgnt PollGy
The charity's funds ar• invested in a portfolio of listed stocks and
shares with the aim of ensuring diversity and producing above
average returns of both income and capital growth. The
portfolios
are managed by investment advisors and the trustees are guided by
them on investment decisions.
Reserves Policy
The charities funds are held in vnrestricted fvnds, the tfustees do not
believe that it is necessary to restrict funds as they have no future
ommitments.
Trustees
None of the trust8es lor persons connected with Iheml received any
remuneration or expenses during the year. The tnjslees have
statutory power of appointment which applies to the charity and is
exercisable by the existing trustees. The trustees, polw on the
appointment of a new trustee is to draw their attention to Charity
Commission guidance and publication5 which explain the charity
trustee role and responsibilities.
The trustees are aware of the Charities Commission guidance on
public benefit and have given the guidance due regard.
Trustees are appointed for their skills set whth is considered an
asset to the furtherance of the objectives of the charity. On
appointment trustees read the guidance issued by the Charlty
Commission for new trustees.
Page 2
L & D SECCOMBE CHARITABLE TRUST
TRUSTEES, REPORT {CONTINUEDI
Future
The truslees, aim is for the charity to continue to generate income
and make charitable distributions. As the chartty holds lisled
investrnenls the main nsk is a fall in value or income. The trustees
have sought to limit this by ensunng a diversified portfolio of
investments.
Accounts
The accounts are presented in sterling, which is the ftjnctional
currency of the charity. Amounts are rounded to the nearest £1.
Hon. Philip S Seccombe
Trustee
29 January 2026
P4e3
L & D SECCOMBE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
Independent Examlnavs Report lo tho Trustofr6 of L & D Seccombg Chaiitabl• Trust
I rekxjrt to the charity Irustees on my examination of the acwunts of the charty for the year ended 5 April
2025 which are set out on pages 5 to 21.
Responslbllttlos and basis of report
As the charity's tru51ee5 you are reswnsible for the preparalion of the accounts in accordance with the
requirements of ihe Charities A¢1 2011 I'the Act'i.
I report in respect of my examination of the char'S accounts Carried out under section 145 of the Act and
in carying out my 8xaminats.on I have followed all the applicable Directions given by the Charity
Commission under section 1451511bl of the Act.
Independent examinorfs statement
l confirm that l am qualffied to undertake the examination because l am a member of The Inslitulè of
Chartered Accountants in England and Wales IICAEW.
I have completed my examination. I confim that no material matters have ¢ome to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting recnrds were not kept in respect of the charity as required by section 130 of the Act., or
the )UnIS do not accord with those records.
I have no Concerns and have come across no other matters in COnnecn with Ihe examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Katy Shepherd FCA
OfCK
No 4 Castlo Court 2
C•stlogat8 Way
Dudley
We8t Mkllands
DY14RH
29 January 2026
Page 4
L & D SECCOMBE CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED S APRIL 2026
Page
2025
2024
INCOME
Investment income
Income from listed investments
45,631
44,497
Other rocgipts
Sale of investments
Legacy from the Mrs DA Seccombe Wll Trust
610,135
859,153
21,312
656.766
924,962
EXPENDITURE
Administration expense8
Accountants, fees and accru81s
Stockbrokers ¢harges and xcruals
2.700
11,159
2.562
11,482
13,859
14.044
Distributions to charltle8
42,000
30.OC4)
Other payments
Purchase of irweslments
551,220
865,705
607,079
909,749
Net xecglptsl (paymonts) for th? year
48,687
15,213
(Fall) l Uplift of Investrnents Ilo market value)
111,4581
248,461
Fund$ at start of year
300.653
36,979
Funds at end of y•ar
337,882
300,653
Page 5
L & D SECCOMBE CHARITABLE TRUST
BALANCE SHEEr
AT 5 APRIL 2025
Unrestrlcted assets
Page
2025
2024
FIXED ASSETS
Llsted Investments al market value
1,477,458
1,547,831
CURRENT ASSETS
Cash balanc•s
Lloyds Bank plc.
Barclays Wealth
Rathbones
12,708
32,403
58,567
17,965
32,260
6,792
103,678
57,017
Loss CredStors (due within 1 year)
CKCA Limited
Barclays Wealth
Rathbones
2.250
192
2,385
203
2,598
(2.8011
14,8271
NET CURRENT ASSETS
100.877
52,190
NET ASSETS
1,578,335
1,600,021
FUNDS OF THE CHARITY
Unrestricled Funds
1,578.335
1,600,021
Trustoes, Approval to the accounts
In accordance with the engagement letter dated 12 December 2025, we the trustees approve the
accounts sel out on pages 5 to 21. We acknowledge our responsibility for the accounts and for providing
CK with all the infomialion and explanations necessary for their compilation.
Hon. Philip S S8ccombe
29 January 2026
Page 6
L & D SECCOMBE CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR YEAR ENDED S APRIL 2025
2025
2024
Notes
Cash flows from op•ratlng activities
Cash generated froml{absorbed by) operations
46,661
20.038
Ngt in¢reas•lldo¢r•ase) in cash and ¢•sh
equivalents
46,661
20.038
Cash and cash equivalents at the beginning
of the year
57,017
36,979
Cash and cash •qulvalents atthe end of year
103,678
57,a17
Page 7
L & D SECCOMBE CHARITABLE TRUST
SCHEDULE OF DISTRIBUTIONS TO CHARITIES
FOR YEAR ENDED S APRIL 2025
Home Start- South Warwickshire
2,000
Shipston Hom8 Nursing
6,000
Vvarwickshire & Northampton$hire Air Ambulanee
6,000
Veterans Contact Poinl
5,000
The Mulberry Bush
Spinal Muscular Atrophy UK
The Silverlining Brain Injury Chanty
Stratford-upon-Avon Foodbank
Samaritans Stratford-upon-Avon
The Shakespeare Hospice
3,0
Friends of Heptonstall Museum
1,CNJO
The Worcestershire Soldier at The Commandery
2,fyJO
42,OC
Page 8
L & D SECCOMBE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED S APRIL 2025
1. Accounting poli¢108
Charity information
L&D Seccombe Charitable Trust is a registered charity in England and Wales. Its charity number is
217988.
1.1 Fixed ass•t inv•$tm8nts
Fixed asset investments are inilialty measured at transaction price excluding transaction ¢osts and
are subsequently measured at fair value (being market value) al each reportin9 dale. Changes in
fair value are recognised in nel iorne1{expenditUleI for the year. Transaction costs ale expensed
as in¢urf&J.
1.2 Cash and cash equfvalents
Cash and cash equivalents include cAsh in hand, d8posits held at call with banks. other short-term
Iwuié investments with original maturilies of three months or less.
1A Income
Income is recognised when charity is legalty entitled to il after any performance conditr'ons have
been met, the amounts can be mea$ured reliably, and it is probable thal income will be receivod.
Incoming resources are shown before any expenditure.
1.5 Expendlture
Expenditure is reccgnised once there is a legal or constructive obligation to transfer e¢onomie
benefil to a third party, il Is probable that a transfer of economic benefrts will be required in
settlent, and the amount of the obllgation can be measured reliably.
1.6 Ba¥1¢ financlal a88ets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction ¢osls and are subsequentty carried at amortised cost.
Financial assets classified as receivable within one year are not amorbsed.
Basi¢ Ilnanclal Ilabllltles
Basic financial liabilities, including ¢reditors are inrf(ially recognised at transaction price unless the
arrangement conslilutes a financing transaction, where the debl instrument is measured al the
present value of the future payments discounted at a market rale of interest. Financial liabilities
classified as payable wf(hin one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
Course of operations from suppliers. Amounts payable are classified as current liabilities if payment
is due within one year or less. If not. they are presented as nOnrrent liabilities. Trade creditors
are recognised inilialty at transaction price and subsequentty measured at amortised cost using the
effective interest m8th0d.
Der8cognltlon of linanci•l liabilltles
Financial liabilities are derecognised when the charlty's contractual obligations expire or are
discharged or cancelled.
Page 9
L & D SECCOMBE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEO)
YEAR ENDED S APRIL 2025
2. Cash ggn8rated from l (absorbed by) operalions
2025
2024
Surplu$ for the year
48,687
15,213
Movements In working capital..
IncreasellDecreasel in creditors
12,0261
4.825
Cash generated frOm1{aorbed by) operations
46,661
20.038
Page 10
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|3i Group plc|||||||||||
|Ordinary 73 19/22p shares|626|14,516.53|||626|23,517.57|9,001.04||||
|Abrdn|||||||||||
|Diversified Growth and Income|Fund K||||||||||
||39,678.11|23,877.44||67.89|||||||
|||||104.51|||||||
|||||79.24|||||||
|||||71.42|||||||
|||||79.63|||||||
|||||51.70|||||||
|||||77.81|||||||
|||||88.48|||||||
|||||75.82|||||||
|||||53.49|||||||
|||||89.79|||||||
|||||59.72||||39,678.11|24,776.94|20,704|
|Alphabet Inc|||||||||||
|Cap USD0.001 C1|221|22,706.79|||38|5,164.75|1,260.42|183|18,802.46|20,894|
|Amazon|||||||||||
|Inc Shares|215.00|23,034.67||||||215.00|23,034.67|28,439|
|Apple Inc|||||||||||
|Com USD0.00001|183|25,479.55|||183|35,389.85|9,910.30||||
|ASML Holding NV|||||||||||
|Eur 0.09|46|22,740.15|2|1,080.61|3|2,307.35|824.30|45|22,337.71|21,554|
Page 11
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**||**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|AstraZeneca plc|||||||||||
|Ordinary USD 0.25 shares|210|9,606.08||||||210|9,606.08|22,697|
|AstraZeneca plc|||||||||||
|Ordinary USD 0.25 shares|94|7,480.02|||94|9,799.33|2,319.31||||
|Aviva Investors|||||||||||
|UK Property Fund 0.05 GBP|711.427|729.86||||||711.427|729.86|597|
|Ballie Gifford UK|||||||||||
|Gbl Alpha Gwth B Acc|4,828|18,234.70||14.48|||||||
|||||41.04||||4,828|18,290.22|20,949|
|Berkshire Hathaway|||||||||||
|Com USD0.0033 Class B|82|22,552.91||||||82|22,552.91|31,276|
|BHP Ltd|||||||||||
|Ordinary no par value|765|9,766.46||||||765|9,766.46|12,630|
|Blackrock Fund Managers Ltd|||||||||||
|Ish 350 UK Equity L|39,277|44,989.17||(117.79)|13,805|17,619.40|1,848.10||||
||||||25,472|33,568.61|4,468.53||||
|BNY Mellon Investment Funds|||||||||||
|Global Income Funds U Dis|9,706|17,655.09|||9,706|19,228.56|1,573.47||||
|BP plc|||||||||||
|Ordinary US$0.25 shares|4,350|16,947.56||||||4,350|16,947.56|16,125|
|BT Group plc|||||||||||
|Ordinary 5p shares|2,990|9,118.53||||||2,990|9,118.53|4,959|
Page 12
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|Capita Plc|||||||||||
|Ord 2 1/15p|711|6,998.63||||||711|6,998.63|92|
|Coca-Cola Co|||||||||||
|Com USD0.25|200|9,151.88|352|17,370.91|200|9,320.23|168.35|352|17,370.91|19,023|
|Compass Group plc|||||||||||
|Ordinary 11 1/20p|680|14,470.38||||||680|14,470.38|17,067|
|CT (Lux) I Sicav|||||||||||
|Gbl Corp Bd NGC GBP|4,403|38,077.58|||4,403|40,049.25|1,971.67||||
|Diageo plc|||||||||||
|Ordinary 28 101/108p shares|600|179.68||||||600|179.68|12,071|
|Experian Group|||||||||||
|Ordinary US$0.10 Shares|||416|16,110.64||||416|16,110.64|13,503|
|Federated Hermes|||||||||||
|US SMID Equity Fund L2 GBP DIS|||||||||||
||||15,899|33,241.63||||15,899|33,241.63|25,340|
|Federated Hermes Inv|||||||||||
|Gbl Emerg Mkts Equity Fund|20,813|27,792.39|||20,813|29,627.31|1,834.92||||
|Fidelity Investment Funds ICVC|||||||||||
|Moneybuilder Income Fund -Y- (GBP) / Dis|||||||||||
||10,503|13,226.70||||||10,503|13,226.70|10,301|
|Findlay Park Funds|||||||||||
|American Fund|77.000|3,986.90||||||77.000|3,986.90|12,612|
Page 13
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|GemCap Investment Funds (Ireland) Plc|||||||||||
||21,851.00|40,031.03||||||21,851.00|40,031.03|45,839|
|Goldman Sachs Group|||||||||||
|Com USD0.01|38|9,205.63|||38|18,001.04|8,795.41||||
|GSK plc|||||||||||
|Ord 31.25p|1,080|22,318.07||||||1,080|22,318.07|15,309|
|Guiness|||||||||||
|Acc Global Equity Income Z Fund GBP|||||||||||
||||2,457|27,284.99||||2,457|27,284.99|26,024|
|Haleon plc|||||||||||
|Ord 1p|1,350|||||||1,350||5,177|
|Halma|||||||||||
|Ordinary GBP 0.10|1,085|5,554.56||||||1,085|5,554.56|27,145|
|Herald Investment Trust plc|||||||||||
|Ordinary 25p shares|||957|20,193.70|957|22,660.26|2,466.56||||
|HSBC Holdings plc|||||||||||
|Ordinary US $0.50 shares|3,210|19,620.50||||||3,210|19,620.50|24,396|
|IMI Plc|||||||||||
|Ordinary 28 4/7p|425|5,768.32||||||425|5,768.32|7,165|
|Invesco Perpetual Corporate Bond Fund|||||||||||
|Class Z|2,914.21|5,816.84||||||2,914.21|5,816.84|5,572|
Page 14
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|IShares II Plc|||||||||||
|Core UK Gilt|1,125|13,564.22||||||1,125|13,564.22|11,171|
|iShares II plc|||||||||||
|iShares FTSE/Macquaries Global|Infrast.||||||||||
||1,656|37,988.64|||1,656|43,774.04|5,785.40||||
|iShares II Plc|||||||||||
|Core Euro Stoxx 50 Ucits Et|987|37,998.27||||||987|37,998.27|41,792|
|iShares III Plc|||||||||||
|Global Govt Bond Ucits Etf|6,183|28,007.63||8.08||||6,183|28,015.71|28,977|
|iShares III Plc|||||||||||
|Core S&P 500 Ucits Etf|150|56,962.52||717.77|150|71,244.33|13,564.04||||
|iShares III PLC|||||||||||
|S&P 500 Equal Weight UCITS|||||||||||
||||6,839|42,552.26||||6,839|42,552.26|37,785|
|IShares plc|||||||||||
|Core S&P 500 UCITS ETF USD|||||||||||
||215|2,419.66||||||215|2,419.66|8,564|
|iShares Trust|||||||||||
|7-10 Year Treasury Etf|338|25,165.64||||||338|25,165.64|25,222|
|iShares Trust|||||||||||
|Global REIT Etf|2,111|36,963.12|||2,111|42,759.26|5,796.14||||
Page 15
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|Jackson Financial inc com|||||||||||
|USD0.01 CL A WI|24|342.47||||||24|342.47|1,557|
|John Wood Group plc|||||||||||
|Ordinary 4 2/7p shares|985|6,064.28||||||985|6,064.28|276|
|JP Morgan Fund ICVC|||||||||||
|Emerging Markets Income C|5,600.000|10,409.88||||||5,600.000|10,409.88|25,088|
|JPM|||||||||||
|Liquidity LVNAV E Dis|||38,000|38,000.00|38,000|38,000.00|||||
|JPM|||||||||||
|Liquidity GBP LVNAV UK RFS|GBP||||||||||
||||3.741|38,000.00||||3.741|38,000.00|38,290|
|JPMorgan Chase & Co|||||||||||
|Com USD1|81.00|9,141.52||||||81.00|9,141.52|13,163|
|JPMorgan Chinese I.T. plc|||||||||||
|Ordinary 25p shares NLA|11,522|27,826.63|||11,522|26,043.90|(1,782.73)||||
|JPMorgan ETFS|||||||||||
|UK Equity Core UCITS|1,025|27,039.77||||||1,025|27,039.77|31,292|
|Jupiter Investment Management|||||||||||
|Series 1 UK Mid Cap Fund U2|||||||||||
||8,134.73|7,215.12||||||8,134.73|7,215.12|8,975|
|Jupiter Unit Trust Managers|||||||||||
|European Z Inc|665|10,004.90||||||665|10,004.90|20,674|
Page 16
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|Lazard Investment Funds|||||||||||
|Emerging Markets J GBP Acc|||||||||||
||||17,353|20,927.72|||||||
|||||312.98||||17,353|21,240.70|21,709|
|Legal & General Group plc|||||||||||
|Ordinary 2.5p shares|1,650|3,839.63||||||1,650|3,839.63|3,671|
|Legal & General Unit Trust|||||||||||
|Global Thematic I Acc GBP|41,031|19,214.82||186.99|41,031|19,986.20|584.39||||
|Lloyds Banking Group plc|||||||||||
|Ordinary 10p shares|27,218|16,293.83||||||27,218|16,293.83|17,692|
|LondonMetric Property|||||||||||
|Ordinary 10p shares|14,892|117.27||||||14,892|117.27|26,731|
|M & G Securities|||||||||||
|Optimal income fund X income|shares||||||||||
||960.00|1,898.37||||||960.00|1,898.37|1,906|
|Marsh & McLennan|||||||||||
|Common Stock USD 1.00|||130|21,793.59||||130|21,793.59|23,127|
|Meta Platforms|||||||||||
|Inc COM|35.00|9,476.24|15.00|5,282.23||||50.00|14,758.47|19,503|
|Microsoft Corporation|||||||||||
|US$0.0000625|83|22,839.60||||||83|22,839.60|23,103|
Page 17
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|Morgan Stanley Inv Fnd|||||||||||
|EMG Mkts DT Opps|5,781|47,057.34||||||5,781|47,057.34|49,428|
|National Grid plc|||||||||||
|Ordinary 12 204/473p|595|6,116.72|174|1,122.30||||769|7,239.02|7,951|
|Neuberger Berman Investment Funds plc|||||||||||
|High Yield Bond I2 GBP Dis|1,150|10,994.52||153.64||||1,150|11,148.16|8,775|
|Next|||||||||||
|Ordinary 10p shares|175|11,006.89||||||175|11,006.89|19,399|
|Novo Nordisk A/s|||||||||||
|Ser B DKK0.1|219|19,532.20||||||219|19,532.20|10,767|
|NVIDIA Corp|||||||||||
|Common Stock USD 0.001|||244.00|27,379.90||||244.00|27,379.90|17,801|
|Palo Alto Networks Inc Shares|||||||||||
|USD0.0001|56.00|13,601.26|56.00|||||112.00|13,601.26|13,305|
|Polar Capital Funds Plc|||||||||||
|Global Insurance E GBP Dis|||2,223|19,303.64|||||||
||||3,339|31,361.56||||5,562|50,665.20|54,127|
|Prudential|||||||||||
|Ordinary 5p shares|960|10,372.67||||||960|10,372.67|7,170|
|RELX plc|||||||||||
|Ordinary 14 51/116p shares|590|6,786.40||||||590|6,786.40|22,514|
Page 18
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|RELX plc|||||||||||
|Ordinary 14 51/116p shares|||465|15,482.37||||465|15,482.37|17,744|
|Rio Tinto plc|||||||||||
|Ordinary 10p shares (reg)|435|9,645.12||||||435|9,645.12|18,439|
|Rio Tinto plc|||||||||||
|Ordinary 10p shares (reg)|184|6,759.70|||184|8,727.12|1,967.42||||
|Roper Technologies|||||||||||
|Common Stock USD 0.01|||48|21,677.40|48|21,806.08|128.68||||
|Royal Dutch Shell plc|||||||||||
|'B' shares 0.07 Euro||(5.55)|1||1||5.55||||
|Royal London Unit Trust Managers|||||||||||
|Sterling Credit Instl Inc Z GBP NAV|||||||||||
||37,261.0000|42,764.89|||14,876.0000|17,925.58|852.22||||
||||||2,521.0000|3,027.73|134.35||||
||||||8,285.0000|9,983.43|474.64|11,579.0000|13,289.36|14,080|
|S&P Global Inc|||||||||||
|Common Stock USD 1|||53|21,747.75||||53|21,747.75|18,493|
|Sage Group plc|||||||||||
|Ord 1 4/77p|1,350|9,165.99||||||1,350|9,165.99|16,295|
|Sandoz Group Ag|||||||||||
|CHF 0.05|80|1,744.00|||80|1,960.21|216.21||||
Page 19
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
||**Holding**|**Book Value**|**Additions**|**Additions**|**Disposals**|**Disposals**|**Profit**|**Holding**|**Book Value**|**Market Value**|
|---|---|---|---|---|---|---|---|---|---|---|
||**06/04/2024**|**06/04/2024**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**(Loss)**|**05/04/2025**|**05/04/2025**|**05/04/2025**|
|||**£**||**£**||**£**|**£**||**£**|**£**|
|Schneider Electric|||||||||||
|EUR 4|||80.00|16,455.95||||80.00|16,455.95|12,906|
|Schroder Internation Selection|||||||||||
|Asian Total Return z GBP Dis|||||||||||
||||202|20,425.41||||202|20,425.41|19,440|
|Shell plc|||||||||||
|Ord euro 0.07|900|14,260.81||||||900|14,260.81|22,334|
|Shell plc|||||||||||
|Ord euro 0.07|363|9,462.47|||363|8,780.70|(681.77)||||
|SSE plc|||||||||||
|Ordinary 50p shares|410|5,953.63||||||410|5,953.63|6,564|
|St James's Place|||||||||||
|Ord GBP 0.15|840|9,118.21||||||840|9,118.21|8,207|
|Standard Chartered plc|||||||||||
|Ordinary US $0.50 shares|535|3,670.08||||||535|3,670.08|5,130|
|Trojan Investment Funds|||||||||||
|Trojan Income X Income Shs|||31,289.000|43,038.02|||||||
|||||304.07||||31,289.000|43,342.09|44,330|
|TUI AG Ordinary|||||||||||
|Reg Shs (DI) Feb 23 NPV|55.00|6,177.72||||||55.00|6,177.72|290|
|Twentyfour Income Fund|||||||||||
|Ordinary 1p shares|44,723|44,892.47||||||44,723|44,892.47|48,569|
Page 20
**L & D Seccombe Charitable Trust**
## **SCHEDULE OF INVESTMENTS AND INCOME**
## **YEAR ENDED 5TH APRIL 2025**
|**Holding**
**06/04/2024**
Unilever plc
Ordinary 3 1/9p shares
275
United Health Group
Vanguard Investment Series
FTSE 100 ETF Inc Units ETF
885
Vestas Wind System
DKK0.20
505
Visa
Registered Shs A
47.00
Vodafone Group plc
Ordinary US $0.20 20/21
3,775
Weir Group plc
Ordinary 12.5p shares
240
Wisdomtree
Hdg Met Physical Gold - GBP
Woodside Energy Group Ltd
ord NPV
138
WS Saracen Inv Fds
Gbl Inc & Gwth A
19,388
**TOTAL:**|**Book Value**
**Additions**
**Disposals**
**06/04/2024**
**Quantity**
**Cost**
**Quantity**
**Proceeds**
**£**
**£**
**£**
8,757.85
48.00
21,052.25
26,998.55
13.07
8,885.87
505
6,009.14
9,407.83
8,677.35
4,646.88
1,967
27,005.53
1,206.67
138
1,567.04
19,283.33
452.77
19,388
22,286.51
343.21
**1,299,370.50**
**551,220.17**
**610,134.78**
Page 21|**Profit**
**Holding**
**(Loss)**
**05/04/2025**
**£**
275
48.00
885
(2,876.73)
47.00
3,775
240
1,967
360.37
2,207.20
**73,177.76**|**Book Value**
**Market Value**
**05/04/2025**
**05/04/2025**
**£**
**£**
8,757.85
12,908
21,052.25
19,477
27,011.62
33,033
9,407.83
11,384
8,677.35
2,521
4,646.88
5,568
27,005.53
30,781
**1,313,633.65**
**1,477,458**|**Book Value**
**Market Value**
**05/04/2025**
**05/04/2025**
**£**
**£**
8,757.85
12,908
21,052.25
19,477
27,011.62
33,033
9,407.83
11,384
8,677.35
2,521
4,646.88
5,568
27,005.53
30,781
**1,313,633.65**
**1,477,458**|
|---|---|---|---|---|
|||||**1,477,458**|
||||||