The Stella and Alexander Margulies Charitable Trust
Report and Unaudited Financial Statements Year Ended 5 April 2021 Charity No: 220441
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Report and Financial Statements for the year ended 5 April 2021
## Contents
## Page:
1 Reference and Administration details 2-4 Report of the Trustees 5 Report of the Independent Examiner 6 Accountants Report 7 Statement of Financial Activities 8 Balance Sheet 9-12 Notes forming part of the Financial Statements 13 Appendix
## Settlors
The late Stella and Alexander Margulies
## Trustees
Marcus Jonathan Margulies Sir Stuart Lipton Leslie David Michaels Martin David Paisner CBE Alexander Michael Sorkin
## Principal Office
27 Berkeley Square, London, W1J 6EL
Accountants
BDO LLP, 55 Baker Street, London, W1U 7EU
## Independent Examiner
Gilbert Allen & Co, Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 1NR
## Investment Managers
Veritas Investment Management LLP, 90 Long Acre, London, WC2E 9RA Cazenove Capital Management, 12 Moorgate, London, EC2R 6DA Rothschild Bank (CI) Ltd, St Julian’s Court, St Peter Port, Guernsey, GY1 3BP Fundsmith, 33 Vaendish Square, London, W1G 0PW
## Bankers
Coutts & Co, 440 Strand, London, WC2R 0QS
## Solicitors
Payne Hicks Beach, 10 New Square, Holborn, London, WC2A 3QG
1
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
## Report of the Trustees for the year ended 5 April 2021
The Trustees present their report along with the financial statements of the charity for the year ended 5 April 2021. The Financial Statements have been prepared in accordance with the accounting policies set out on page 9 and comply with the charity’s Trust deed and applicable law.
## Structure, Governance and Management
The Stella and Alexander Margulies Charitable Trust is constituted under a Trust deed dated 30 November 1962. It is a registered charity no. 220441.
The Trustees who have served during the year and since the year end are set out on page 1.
Where there is a requirement for new Trustees, this would be identified by the remaining Trustees.
## Risk management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that such risks are continuously monitored and that appropriate steps can be taken to lessen these risks.
## Objectives and Activities
This trust was set up by Stella and Alexander Margulies in 1962. Although the objects of the charity are to apply the income and capital of the Trust for charitable purposes as the trustees in their absolute discretion determine, the trustees have tried to make donations largely in line with the type of charities that Stella and Alexander would have supported. About 75% of donations are to charities in Israel and the balance in Great Britain.
Donations in Israel are generally to medical, scientific and cultural organisations which cater for the broad spectrum of Israeli society irrespective of religion. Donations in the main in Britain have been to major London cultural icons, with an emphasis on educating young people in the arts; and to National Health Hospitals to provide support for nursing staff. The charity has also supported the Wiener Holocaust Library which is devoted to preserving the records of the Holocaust and genocide, and Limmud, a volunteer organisation supporting Jewish education in its widest sense.
## Grant making policy
All applications received are considered by the Trustees on their own merit for suitability of funding.
## Public benefit
In meeting the objectives the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and judge that all donations made meet this guidance. All donations are listed in note 5 on page 10.
2
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Report of the Trustees for the year ended 5 April 2021 (continued)
## Achievements and Performance
The Trustees have continued to apply their funds in accordance with the objectives of the Trust and their grant making policy. Donations totalling £610,227 have been made in the year (2020: £240,238) and are detailed in note 5 of these Financial Statements.
During 2020 the outbreak of the Coronavirus (COVID-19) epidemic resulted in an unforeseen impact on charities that the Trustees support. The Trustees followed official UK Government advice and were able to continue to operate effectively with a greater use of online meetings and telephone contact. The day to day operation of the charity was not unduly affected. The Trustees did however monitor the needs of front line charities since 6 April 2020 and have made a number of special COVID related grants to assist in the tremendous work they were doing (see plans for the future below).
The full effects of the disruption are not fully known and the Trustees are carefully monitoring values of the investments under management. It appears that the immediate impact will be a reduction in dividends which will affect the amount that will be available from which grants are made. As a result the Trustees will be carefully considering how to manage this situation and are assessing the longer term impact of the changes on the commitments that they make.
In line with the Charities SORP (FRS 102), note 5 shows a schedule of grants paid or payable in this financial year. Under SORP, there is a requirement to include in the charitable activities of the Charity the full commitment to make a donation or grant in the financial year that they were committed, irrespective of when they are contracted to be paid.
During the year the Trust donated in total £36,000 to two National Health Trusts to provide facilities to Hospital staff to help them cope with the exceptional problems surrounding COVID19.
Commitments have been made to the Israel Philharmonic Orchestra for future donations, which have been included in these accounts amounting to £24,000 to be made in three equal annual payments. One further payment of £180,000 is payable to Shaare Zedek UK in respect of the Linear Accelerator
## Financial Review
The Trust’s investments are managed by Veritas Asset Management Limited, Cazenove Capital Management and Rothschild Bank (CI) Ltd under a discretionary mandate and a conservative investment policy which aims at maintaining the capital of the charity through diversification whilst maintaining sufficient liquidity for the Trust’s foreseeable needs and donations.
The market value of the investment portfolios at 5 April 2021 were £10,710,276 (2020: £9,136,032).
The balance of cash held at 5 April 2021 was £45,182 (2020: £18,258).
## Reserves policy
The Trustees’ policy is to maintain their continuing level of support under the grant making policy that they have agreed. If income resources are insufficient to cover the grants then recourse is made to the other funds of the Trust. The Trustees do not consider that any minimum level of resources is required.
3
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Report of the Trustees for the year ended 5 April 2021 (continued)
## Plans for the future
The Trustees intend to continue providing grants in a similar way to the recent past but retaining flexibility as to the timing, and scale of grant making.
## Trustees’ responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and 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.
Approved by the Trustees and signed on their behalf by:
Marcus Margulies Trustee
> Date: 26/01/2022
4
## Independent Examiner’s Report to the Trustees of the
## The Stella and Alexander Margulies Charitable Trust
We report on the Financial Statements of the Charity for the year ended 5 April 2021, which are set out on pages 6 to 12.
## Respective responsibilities of Trustees and examiner
The Charity's Trustees are responsible for the preparation of the Financial Statements. The Charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 ('the Act') and that an independent examination is needed.
It is our responsibility to:
- examine the Financial Statements under section 145 of the Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and
- to state whether particular matters have come to our attention.
## Basis of Independent Examiner's report
Our 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 unusual 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 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
In connection with our examination, no matter has come to our attention:
- (1) which gives us reasonable cause to believe that in any material respect, the requirements:-
- to keep proper accounting records in accordance with section 130 of the Act; and
- to prepare Financial Statements which accord with the accounting records and comply with the accounting requirements of the Act
have not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the Financial Statements to be reached.
## Gilbert Allen & Co
Chartered Accountants Churchdown Chambers
Bordyke Tonbridge
Kent TN9 1NR
Date:
5
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
## Accountants’ Report
## Chartered accountants’ report to the Trustees on the unaudited financial information of The Stella and Alexander Margulies Charitable Trust
In accordance with the letter of engagement dated 26 October 2015, we have prepared for your approval the financial information of The Stella and Alexander Margulies Charitable Trust for the year ended 5 April 2021 which comprise the Balance Sheet, the Income and Expenditure Account, the Capital Account and the related notes from the entity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/ regulation/a-z.
You have approved the financial information for the year and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information.
## Use of our report
This report is made solely to you, in accordance with the terms of our engagement letter dated 26 October 2015. Our work has been undertaken solely to prepare for your approval the financial information of The Stella and Alexander Margulies Charitable Trust and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release TECH08/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trustees for our work or for this report.
## BDO LLP
Chartered Accountants
55 Baker Street London W1U 7EU
BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127).
## Date: **`27 January 2022`**
6
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Statement of Financial Activities for the year ended 5 April 2021
|Notes
Income and endowments from
Investments
2
Other income
Total
Expenditure on
Raising funds
3
Charitable activities
4
Total
Net income/(expenditure) before investment gains/(losses)
Net gains/(losses) on investments
7
Net income/(expenditure)
Other recognised gains/(losses)
Realised gains/(losses) on currency exchange
Net movement in funds
Total funds at 6 April 2020
Total funds at 5 April 2021|2021
£
106,548
219
106,767
55,788
624,189
679,977
(573,210)
2,248,648
1,675,438
(24,720)
1,650,718
9,142,674
10,793,392|2020
£
132,942
-|
|---|---|---|
|||132,942|
|||71,553
254,700|
|||326,253|
|||(193,311)
(487,930)|
|||(681,241)
(16,388)|
|||(697,629)
9,840,303|
|||9,142,674|
All funds are unrestricted and relate to continuing activities.
The notes on pages 9 to 12 form part of these financial statements
7
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Balance Sheet as at 5 April 2021
|Notes
£
£
Fixed Assets
Investments
7
10,961,198
10,961,198
Current Assets
Cash at bank and in hand
8
45,182
Liabilities
Creditors: amounts falling due within one year
9
(196,988)
Net current assets/(liabilities)
(151,806)
Total assets less current liabilities
10,809,392
Creditors: amounts falling due after one year
10
(16,000)
Total net assets
10,793,392
Funds
Unrestricted Funds
10,793,392
2021|£
£
9,136,032
9,136,032
18,258
(11,616)
6,642
9,142,674
-
9,142,674
9,142,674
2020|£
£
9,136,032
9,136,032
18,258
(11,616)
6,642
9,142,674
-
9,142,674
9,142,674
2020|
|---|---|---|
||||
|||9,142,674
-|
|||9,142,674|
|||9,142,674|
Approved by the Trustees and signed on their behalf by:
**----- Start of picture text -----**
Marcus Margulies
Trustee
**----- End of picture text -----**
The notes on pages 9 to 12 form part of these financial statements
8
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
## Notes to the financial statements for the year ended 5 April 2021
## 1 Principal Accounting Policies
## (a) Accounting Convention
The financial statements are prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.
## (b) Donations, legacies and similar income
Donations, legacies and similar income are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability.
## (c) Investment income
Investment income is accounted for in the period in which the charity is entitled to receipt.
## (d) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.
## (e) Charitable activities
Costs of charitable activities include grants made and an apportionment of overhead and support costs where applicable.
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust.
## (f) Governance costs
Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activity.
## (g) Fixed asset investments
Investments are stated at closing market value at the balance sheet date. Any gains or losses on revaluation and disposal are shown in the Statement of Financial Activities.
## (h) Realised gains and losses
Gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and purchase cost. Unrealised gains and losses are calculated as the difference between the market value at year end and opening market value (or purchase date if later). Realised and unrealised gains and losses are not separated in the Statement of Financial Assets.
## (i)[Taxation]
The charity is exempt from tax on its charitable activities.
## (j) Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling the balance sheet date. Transactions in foreign currency are translated at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
9
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Notes to the financial statements for the year ended 5 April 2021
|2
Investment income
2021
£
Income from listed investments
106,476
Interest receivable
72
106,548
3
Raising Funds
2021
£
Investment managers fees
55,788
4
Charitable Activities
Grant funding
of activities
(see note 5)
Support Costs
(see note 6)
Arts and Culture
169,500
3,878
Education
10,000
229
Medical Research
376,427
8,613
Relief for Individuals of Faith
50,000
1,144
Religious Activities
2,500
57
Religious Sites and Monuments
1,800
41
610,227
13,962
5
Grants Paid and Payable
Total
2021
£
Barbican Centre
Arts and C
22,500
Camp Simcha
Religious
-
Israel Philharmonic Orchestra Foundation
Relief for
32,000
Leicester Hospital
Medical R
18,000
Limmud
Religious
2,500
National Deaf Children's Society
Relief for
-
Royal Free Charity
Arts and C
18,000
Royal National Theatre
Arts and C
17,000
Royal Opera House Foundation
Arts and C
100,000
Shaare Zedek UK
Medical R
358,427
Tate Foundation
Arts and C
12,000
Torah Temimah Trust
Relief for
-
Weizmann Institute
Relief for
18,000
Western Marble Arch Synagogue
Religious
1,800
Wiener Library
Education
10,000
610,227|2020
£
132,098
844|
|---|---|
||132,942|
||2020
£
71,553|
||Total 2021
173,378
10,229
385,040
51,144
2,557
1,841|
||624,189|
||Total
2020
£
-
500
22,698
-
-
500
-
-
-
180,000
6,000
180
18,000
2,360
10,000|
||240,238|
10
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
## Notes to the financial statements for the year ended 5 April 2021
|6
7|Support Costs
2021
£
Independent examiner fee
1,008
Accounts preparation fee
4,800
Administrative fees payable to Prism the Gift Fund
6,000
Legal fees
1,638
Other
516
13,962
Investments
2021
£
Equities
8,543,944
Bonds
1,258,596
Mutual Funds
589,641
Cash held within the investment portfolio
318,095
10,710,276
Market value of investments by geographical area
:
United Kingdom
5,979,259
Overseas
4,731,017
10,710,276
Investments at historical cost
8,964,057
The movement in investments during the year was as follows
:
Market value brought forward
8,582,429
Purchases
5,113,703
Proceeds
(5,301,677)
Unrealised Investment (Losses)/Gains
1,176,053
Realised Investment (Losses)/Gains
1,072,595
10,643,103
Cash held within the investment portfolio
318,095
Market value carried forward
10,961,198|2020
£
996
4,080
6,000
3,000
386|
|---|---|---|
|||14,462|
|||2020
£
5,779,209
1,896,291
906,929
553,603|
|||9,136,032|
|||2,861,630
6,274,402|
|||9,136,032|
|||7,841,182|
|||9,481,933
4,274,030
(4,685,604)
(1,137,759)
649,829|
||
Market value brought forward
Purchases
Proceeds
Unrealised Investment (Losses)/Gains
Realised Investment (Losses)/Gains
Cash held within the investment portfolio
Market value carried forward||
|||8,582,429
553,603|
|||9,136,032|
The Trustees' Rothschild Portfolio was liquidated in August 2020, with the proceeds invested with Fundsmith LLP
11
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
## Notes to the financial statements for the year ended 5 April 2021
|8
Cash at bank and in hand
Coutts
9
Creditors: Amounts falling due within one year
Accruals
Grants payable
10 Creditors: Amounts falling due after one year
Grants payable|2021
£
45,182
2021
£
8,988
188,000
196,988
2021
£
16,000|2020
£
18,258|
|---|---|---|
|||2020
£
11,616
-|
|||11,616|
|||2020
£
-|
## 11 Related parties
None of the trustees received any remuneration or benefits during the year. However the firm Bryan Cave Leighton Paisner in which M D Paisner formerly had an interest, raised charges for professional services to the amount of £1,638 (2020 - £3,000).
Two of the Trustees are also Trustees of Shaare Zedek UK a charity to which the Trust has granted money to in the year.
12
THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Appendix
Schedule of Investments
5 April 2021
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£|||£|£|£||£|£|£|
|Equities||||||||||||||||
|UK||||||||||||||||
|Johnson Matthey PLC||||||||||||||||
|06-Apr-20|b/fwd|-|-|-||||||||||||
|12-Oct-20|Purchase||||911|22,433||||||||||
|05-Apr-21|c/fwd|||||||||||911|22,433|27,458|5,025|
|Experian PLC||||||||||||||||
|06-Apr-20|b/fwd|1,556|42,666|32,894||||||||||||
|12-May-20|Sale|||||||39|972|1,069|(98)|||||
|05-Apr-21|c/fwd|||||||||||1,517|41,596|38,623|6,798|
|Reckitt Benckiser Group Plc||||||||||||||||
|06-Apr-20|b/fwd|1,133|73,304|70,835||||||||||||
|12-May-20|Sale|||||||28|1,934|1,812|122|||||
|05-Apr-21|c/fwd|||||||||||1,105|71,493|71,792|2,769|
|Astrazeneca Plc||||||||||||||||
|06-Apr-20|b/fwd|782|59,835|55,866||||||||||||
|12-May-20|Sale|||||||20|1,734|1,530|204|||||
|05-Apr-21|c/fwd|||||||||||762|58,305|54,651|315|
|Prudential Plc||||||||||||||||
|06-Apr-20|b/fwd|2,739|39,095|25,204||||||||||||
|12-May-20|Sale|||||||69|783|985|(202)|||||
|05-Apr-21|c/fwd|||||||||||2,670|38,110|41,632|17,413|
1
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£|||£|£|£||£|£|£|
|RELX Plc||||||||||||||||
|06-Apr-20|b/fwd|2,084|43,401|35,147||||||||||||
|12-May-20|Sale|||||||52|967|1,083|(116)|||||
|05-Apr-21|c/fwd|||||||||||2,032|42,318|37,287|3,223|
|Europe||||||||||||||||
|Schneider Electric SE||||||||||||||||
|06-Apr-20|b/fwd|-|-|-||||||||||||
|29-Mar-21|Purchase||||432|47,109||||||||||
|05-Apr-21|c/fwd|||||||||||432|47,109|48,338|1,229|
|Vestas Wind Systems AS||||||||||||||||
|06-Apr-20|b/fwd|-|-|-||||||||||||
|12-Oct-20|Purchase||||170|23,023||||||||||
|19-Nov-20|Purchase||||152|21,824||||||||||
|05-Apr-21|c/fwd|||||||||||322|44,846|47,997|3,151|
|Royal Philips NV||||||||||||||||
|06-Apr-20|b/fwd|-|-|-||||||||||||
|18-Feb-21|Purchase||||987|40,401||||||||||
|05-Apr-21|c/fwd|||||||||||987|40,401|41,318|917|
|Mowi ASA||||||||||||||||
|06-Apr-20|b/fwd|3,530|65,570|43,844||||||||||||
|12-May-20|Sale|||||||85|1,204|1,579|(375)|||||
|05-Apr-21|c/fwd|||||||||||3,445|63,991|61,963|19,698|
|Roche Holding AG, Basel||||||||||||||||
|06-Apr-20|b/fwd|245|65,274|66,149||||||||||||
|12-May-20|Sale|||||||7|2,027|1,865|162|||||
|05-Apr-21|c/fwd|||||||||||238|63,409|55,877|(8,407)|
2
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£||£|£|£||£|£|£|
|Novo-Nordisk AS|||||||||||||||
|06-Apr-20|b/fwd|1,593|76,603|78,640|||||||||||
|12-May-20|Sale||||||47|2,373|2,260|113|||||
|05-Apr-21|c/fwd||||||||||1,546|74,343|76,063|(317)|
|Telenor ASA|||||||||||||||
|06-Apr-20|b/fwd|3,662|49,698|43,359|||||||||||
|12-May-20|Sale||||||88|1,016|1,194|(178)|||||
|12-Oct-20|Sale||||||3,574|45,011|48,504|(3,492)|||||
|05-Apr-21|c/fwd||||||||||-|-|-|6,339|
|North America|||||||||||||||
|Ball Corp|||||||||||||||
|06-Apr-20|b/fwd|1,218|70,985|61,946|||||||||||
|12-May-20|Sale||||||33|1,697|1,923|(226)|||||
|05-Apr-21|c/fwd||||||||||1,185|69,061|73,940|13,917|
|Sensata Technologies Holding Plc|||||||||||||||
|06-Apr-20|b/fwd|977|36,987|22,291|||||||||||
|12-May-20|Sale||||||26|757|984|(227)|||||
|20-Nov-20|Purchase||||342|12,414.08|||||||||
|19-Feb-21|Purchase||||328|13,771.09|||||||||
|05-Apr-21|c/fwd||||||||||1,621|62,188|68,669|21,177|
|3M Co|||||||||||||||
|06-Apr-20|b/fwd|299|36,653|32,725|||||||||||
|12-May-20|Sale||||||9|1,073|1,103|(30)|||||
|19-Nov-20|Purchase||||154|19,920.14|||||||||
|05-Apr-21|c/fwd||||||||||444|55,470|61,883|10,341|
3
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
||||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals|||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units||Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units||Cost|Value|gains|
|||||£|£||£|||£|£|£|||£|£|£|
|Illinois Tool Works Inc||||||||||||||||||
|06-Apr-20|b/fwd||293|41,674|33,873|||||||||||||
|12-May-20|Sale||||||||8|1,049|1,138|(88)||||||
|05-Apr-21|c/fwd|||||||||||||285|40,536|45,834|13,099|
|Amazon.Com|Inc|||||||||||||||||
|06-Apr-20|b/fwd||-|-|-|||||||||||||
|16-Apr-20|Purchase|||||18|33,819.59|||||||||||
|04-Jun-20|Purchase|||||18|35,604.10|||||||||||
|05-Apr-21|c/fwd|||||||||||||36|69,424|82,306|12,882|
|Home Depot||||||||||||||||||
|06-Apr-20|b/fwd||300|54,761|43,856|||||||||||||
|12-May-20|Sale||||||||8|1,536|1,460|75||||||
|05-Apr-21|c/fwd|||||||||||||292|53,301|64,996|22,600|
|Estee Lauder|Companies Inc|||||||||||||||||
|06-Apr-20|b/fwd||446|70,229|56,217|||||||||||||
|12-May-20|Sale||||||||12|1,676|1,890|(214)||||||
|05-Apr-21|c/fwd|||||||||||||434|68,340|91,763|37,436|
|Unitedhealth|Group Inc|||||||||||||||||
|06-Apr-20|b/fwd||269|59,292|50,501|||||||||||||
|12-May-20|Sale||||||||7|1,642|1,543|99||||||
|05-Apr-21|c/fwd|||||||||||||262|57,749|69,559|20,601|
|Eli Lilly Co||||||||||||||||||
|06-Apr-20|b/fwd||601|67,082|68,664|||||||||||||
|12-May-20|Sale||||||||16|2,056|1,786|270||||||
|18-Feb-21|Sale||||||||160|23,464|17,859|5,605||||||
|05-Apr-21|c/fwd|||||||||||||425|47,437|56,941|7,922|
4
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals|||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units||Cost|Value|gains|
||||£|£||£||£|£|£|||£|£|£|
|Thermo Fisher|Scientific Inc|||||||||||||||
|06-Apr-20|b/fwd|217|48,867|50,097||||||||||||
|12-May-20|Sale||||||6|1,640|1,351|289||||||
|05-Apr-21|c/fwd|||||||||||211|47,516|69,670|20,924|
|Chubb Limited||||||||||||||||
|06-Apr-20|b/fwd|339|41,818|28,514||||||||||||
|16-Apr-20|Sale||||||339|31,113|41,818|(10,705)||||||
|05-Apr-21|c/fwd|||||||||||-|-|-|13,304|
|Visa Inc||||||||||||||||
|06-Apr-20|b/fwd|419|66,410|52,049||||||||||||
|12-May-20|Sale||||||12|1,776|1,902|(126)||||||
|05-Apr-21|c/fwd|||||||||||407|64,508|63,838|13,691|
|Alphabet Inc||||||||||||||||
|06-Apr-20|b/fwd|59|66,395|52,990||||||||||||
|12-May-20|Sale||||||2|2,267|2,251|17||||||
|05-Apr-21|c/fwd|||||||||||57|64,145|88,132|37,393|
|Microsoft Corp||||||||||||||||
|06-Apr-20|b/fwd|502|71,103|63,172||||||||||||
|12-May-20|Sale||||||13|1,959|1,841|117||||||
|05-Apr-21|c/fwd|||||||||||489|69,261|85,715|24,384|
|Oracle Corp||||||||||||||||
|06-Apr-20|b/fwd|1,243|52,501|50,232||||||||||||
|12-May-20|Sale||||||34|1,470|1,436|34||||||
|20-Nov-20|Sale||||||1,209|50,841|51,065|(225)||||||
|05-Apr-21|c/fwd|||||||||||-|-|-|2,269|
5
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£|||£|£|£||£|£|£|
|Cisco Systems Inc||||||||||||||||
|06-Apr-20|b/fwd|1,372|51,096|44,527||||||||||||
|12-May-20|Sale|||||||37|1,313|1,378|(65)|||||
|05-Apr-21|c/fwd|||||||||||1,335|49,718|50,190|7,041|
|Cognex Corp||||||||||||||||
|06-Apr-20|b/fwd|-|-|-||||||||||||
|22-Dec-20|Purchase||||392|23,553.32||||||||||
|05-Apr-21|c/fwd|||||||||||392|23,553|23,904|351|
|Intel Corp||||||||||||||||
|06-Apr-20|b/fwd|1,100|56,581|48,710||||||||||||
|12-May-20|Sale|||||||30|1,467|1,543|(76)|||||
|05-Apr-21|c/fwd|||||||||||1,070|55,038|49,956|2,789|
|Walt Disney Company||||||||||||||||
|06-Apr-20|b/fwd|455|51,378|34,944||||||||||||
|12-May-20|Sale|||||||13|1,147|1,468|(321)|||||
|05-Apr-21|c/fwd|||||||||||442|49,910|60,411|26,935|
|Electronic Arts||||||||||||||||
|06-Apr-20|b/fwd|488|40,905|41,051||||||||||||
|12-May-20|Sale|||||||13|1,233|1,090|144|||||
|04-Jun-20|Sale|||||||475|44,647|39,815|4,832|||||
|05-Apr-21|c/fwd|||||||||||-|-|-|(146)|
|Facebook Inc||||||||||||||||
|06-Apr-20|b/fwd|257|42,039|32,415||||||||||||
|12-May-20|Sale|||||||7|1,206|1,145|61|||||
|05-Apr-21|c/fwd|||||||||||250|40,894|54,003|22,733|
6
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£|||£|£|£||£|£|£|
|Japan||||||||||||||||
|Unicharm Corporation||||||||||||||||
|06-Apr-20|b/fwd|2,300|60,000|70,099||||||||||||
|24-Feb-21|Sale|||||||400|12,975|10,435|2,540|||||
|05-Apr-21|c/fwd|||||||||||1,900|49,566|58,246|(1,418)|
|JPMorgan Fund|ICVC - JPM Japan|Fund||||||||||||||
|06-Apr-20|b/fwd|-|-|181||||||||||||
|29-Apr-20|Equalisation||||-|(68)||||||||||
|29-Apr-20|Sale|||||||-|-|(68)|68|||||
|05-Apr-21|c/fwd|||||||||||-|-|-|(181)|
|Asia ex. Japan||||||||||||||||
|DBS Group Holdings Ltd||||||||||||||||
|06-Apr-20|b/fwd|3,400|48,797|34,603||||||||||||
|13-May-20|Sale|||||||100|1,104|1,435|(331)|||||
|05-Apr-21|c/fwd|||||||||||3,300|47,362|51,488|18,320|
|AIA Group Ltd||||||||||||||||
|06-Apr-20|b/fwd|6,200|49,908|45,938||||||||||||
|05-Apr-21|c/fwd|||||||||||6,200|49,908|54,723|8,785|
|Emerging Markets||||||||||||||||
|New Oriental Education & Technology||||||||||||||||
|06-Apr-20|b/fwd|544|56,495|47,399||||||||||||
|12-May-20|Sale|||||||15|1,523|1,558|(34)|||||
|16-Mar-21|Stock split||||(529)|(54,937)||||||||||
|05-Apr-21|c/fwd|||||||||||-|-|-|9,096|
7
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£|||£|£|£||£|£|£|
|New Oriental Education & Technology||||||||||||||||
|06-Apr-20|b/fwd|-|-|-||||||||||||
|16-Mar-21|Stock split||||5,290|54,937||||||||||
|05-Apr-21|c/fwd|||||||||||5,290|54,937|55,479|542|
|Trip Com Group Ltd||||||||||||||||
|06-Apr-20|b/fwd|1,569|42,272|28,251||||||||||||
|12-May-20|Sale|||||||43|860|1,159|(299)|||||
|05-Apr-21|c/fwd|||||||||||1,526|41,114|44,303|17,211|
|Alibaba Group Holding Ltd||||||||||||||||
|06-Apr-20|b/fwd|372|64,817|56,941||||||||||||
|12-May-20|Sale|||||||10|1,672|1,742|(70)|||||
|29-Mar-21|Sale|||||||362|59,106|63,074|(3,969)|||||
|05-Apr-21|c/fwd|||||||||||-|-|-|7,876|
|HDFC Bank Ltd||||||||||||||||
|06-Apr-20|b/fwd|831|38,317|23,514||||||||||||
|12-May-20|Sale|||||||23|723|1,061|(337)|||||
|29-Mar-21|Purchase||||293|16,677.39||||||||||
|05-Apr-21|c/fwd|||||||||||1,101|53,934|61,906|22,775|
|Banco Bradesco SA BRAD||||||||||||||||
|06-Apr-20|b/fwd|5,882|36,223|17,115||||||||||||
|21-Apr-20|Stock dividend||||588|-||||||||||
|12-May-20|Sale|||||||748|1,854|4,606|(2,753)|||||
|18-Feb-21|Purchase||||3,393|11,456.77||||||||||
|05-Apr-21|c/fwd|||||||||||9,115|43,073|29,621|5,656|
8
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals|||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units||Cost|Value|gains|
||||£|£||£||£|£|£|||£|£|£|
|Taiwan Semiconductor Manufacturing||||||||||||||||
|06-Apr-20|b/fwd|1,134|50,726|44,043||||||||||||
|12-May-20|Sale||||||31|1,312|1,387|(75)||||||
|18-Feb-21|Sale||||||174|16,773|7,783|8,990||||||
|05-Apr-21|c/fwd||||||||||929||41,556|84,157|49,284|
|Samsung Electronics Co Ltd||||||||||||||||
|06-Apr-20|b/fwd|56|54,899|43,406||||||||||||
|12-May-20|Sale||||||2|1,582|1,961|(379)||||||
|05-Apr-21|c/fwd|||||||||||54|52,938|72,490|31,045|
|Tencent Holdings Ltd||||||||||||||||
|06-Apr-20|b/fwd|1,100|43,724|43,701||||||||||||
|05-Jun-20|Purchase||||300|13,378||||||||||
|05-Apr-21|c/fwd||||||||||1,400||57,102|85,156|28,078|
|Bonds||||||||||||||||
|UK||||||||||||||||
|0.125% United|Kingdom of Great|2012-22.3.24 Treasury Stock||||||||||||||
|06-Apr-20|b/fwd|36,001|47,975|47,921||||||||||||
|09-Apr-20|Accrued Interest||||-|3||||||||||
|08-Apr-20|Sale||||||36,001|47,846|47,978|(131)||||||
|05-Apr-21|c/fwd||||||||||-||-|-|54|
|0.125% United|Kingdom of Great|2015-22.3.26 Treasury Stock||||||||||||||
|06-Apr-20|b/fwd|24,170|31,994|32,082||||||||||||
|05-Apr-21|c/fwd||||||||||24,170||31,994|32,228|146|
9
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost||Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£||£||£|||£|£|£||£|£|£|
|1.25% United|Kingdom of Great Britain and Northern||Ireland|2020-22.10.41 Treasury Stock|||||||||||||
|06-Apr-20|b/fwd|-||-||-|||||||||||
|08-Apr-20|Purchase|||||43,678|47,843||||||||||
|09-Apr-20|Accrued Interest|||||-|(116)||||||||||
|05-Apr-21|c/fwd||||||||||||43,678|47,727|43,439|(4,288)|
|North America|||||||||||||||||
|MU Lyxor Core US TIPS (DR)UCITS ETF|||||||||||||||||
|06-Apr-20|b/fwd|1,493|155,660||160,274||||||||||||
|19-Jun-20|Sale||||||||243|26,237|25,335|902|||||
|05-Apr-21|c/fwd||||||||||||1,250|130,325|138,719|3,780|
|iShares USD Treasury Bond 20+yr UCITS ETF|||||||||||||||||
|06-Apr-20|b/fwd|-||-||-|||||||||||
|22-Jun-20|Purchase|||||5,307|30,579||||||||||
|05-Apr-21|c/fwd||||||||||||5,307|30,579|25,886|(4,693)|
|Emerging Markets|||||||||||||||||
|iShares China|CNY Bond UCITS ETF||||||||||||||||
|06-Apr-20|b/fwd|-||-||-|||||||||||
|22-Sep-20|Purchase|||||12,075|48,511.32||||||||||
|05-Apr-21|c/fwd||||||||||||12,075|48,511|46,733|(1,778)|
|Ashmore Emerging Markets Total Return Fund Z2|||||||||||||||||
|06-Apr-20|b/fwd|1,323|126,587||93,613||||||||||||
|28-Apr-20|Transfer|||||(1,323)|(126,587)||||||||||
|05-Apr-21|c/fwd||||||||||||-|-|-|32,974|
10
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£||£|£|£||£|£|£|
|Ashmore Emerging Markets Total Return Fund Z3|||||||||||||||
|06-Apr-20|b/fwd|-|-|-|||||||||||
|28-Apr-20|Transfer||||949|126,587|||||||||
|30-Jun-20|Excess Reportable Income||||-|46|||||||||
|23-Jul-20|Sale||||||410|48,511|54,735|(6,224)|||||
|05-Apr-21|c/fwd||||||||||539|71,897|62,952|(8,945)|
|Alternatives|||||||||||||||
|Hedge Funds|||||||||||||||
|Egerton Sterling|Investment Fund||||||||||||||
|06-Apr-20|b/fwd|383|128,132|134,607|||||||||||
|14-Apr-20|Transfer||||(383)|(128,132)|||||||||
|05-Apr-21|c/fwd||||||||||-|-|-|(6,475)|
|Egerton Capital Investment Fund|||||||||||||||
|06-Apr-20|b/fwd|-|-|-|||||||||||
|14-Apr-20|Transfer||||383|128,132|||||||||
|05-Apr-21|c/fwd||||||||||383|128,132|155,396|27,264|
|Lumyna - Sandbar Global Equity|||||||||||||||
|06-Apr-20|b/fwd|513|51,552|55,202|||||||||||
|05-Apr-21|c/fwd||||||||||513|51,552|53,174|(2,028)|
|Commodities|||||||||||||||
|iShares Physical|Metals PLC||||||||||||||
|06-Apr-20|b/fwd|9,780|202,098|252,520|||||||||||
|27-Oct-20|Sale||||||4,426|126,191|91,461|34,730|||||
|04-Dec-20|Sale||||||1,166|30,916|24,095|6,821|||||
|05-Apr-21|c/fwd||||||||||4,188|86,543|102,250|(34,714)|
11
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£|||£|£|£||£|£|£|
|WisdomTree|Hedged Metal Sec Ltd 2013|||||||||||||||
|06-Apr-20|b/fwd|-|-|-||||||||||||
|27-Oct-20|Purchase||||12,238|127,685||||||||||
|05-Apr-21|c/fwd|||||||||||12,238|127,685|115,328|(12,357)|
|Other||||||||||||||||
|International Public Partnerships||||||||||||||||
|06-Apr-20|b/fwd|10,600|15,900|15,264||||||||||||
|05-Apr-21|c/fwd|||||||||||10,600|15,900|17,829|2,565|
|Greencoat UK Wind PtC||||||||||||||||
|06-Apr-20|b/fwd|21,846|28,790|28,880||||||||||||
|05-Apr-21|c/fwd|||||||||||21,846|28,790|28,269|(611)|
|Schroders Diversified Alternative||||||||||||||||
|06-Apr-20|b/fwd|300|31,539|26,748||||||||||||
|05-Apr-21|c/fwd|||||||||||300|31,539|31,137|4,389|
|3I Infrastructure PLC||||||||||||||||
|06-Apr-20|b/fwd|5,591|11,685|13,446||||||||||||
|05-Apr-21|c/fwd|||||||||||5,591|11,685|16,577|3,131|
|KKV Secured|Loan Fund Limited|||||||||||||||
|06-Apr-20|b/fwd|-|-|-||||||||||||
|17-Mar-21|Transfer||||17,294|15,304||||||||||
|05-Apr-21|c/fwd|||||||||||17,294|15,304|6,148|(9,156)|
|SQN Asset Finance Income Fund Ltd||||||||||||||||
|06-Apr-20|b/fwd|17,294|17,380|8,924||||||||||||
|17-Mar-21|Capital Distribution|||||||-|2,075|2,075|-|||||
|17-Mar-21|Transfer||||(17,294)|(15,304)||||||||||
|05-Apr-21|c/fwd||||||12|||||-|-|-|8,456|
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Cazenove Schedule of Investments for the year ended 5 April 2021
|Units
Cost
Value
Units
Cost
Units
£
£
£
Acquisitions
Opening Balances
Sequoia Economic Infrastructure
06-Apr-20
b/fwd
7,005
7,829
6,655
05-Apr-21
c/fwd
Man GLG Japan CoreAlpha Equity Shs Ptg. Class -I- GBP Accumulation Man Funds PLC
06-Apr-20
b/fwd
-
-
-
30-Jun-20
Excess reportable income
-
994
-
05-Apr-21
c/fwd
Spyglass US Growth Fund (UCITS) Shs -FP- GBP Aravis Funds (Ireland) ICAV
06-Apr-20
b/fwd
-
-
-
30-Jun-20
Excess reportable income
-
463
-
05-Apr-21
c/fwd
2,945,500
2,652,039
591,324|Proceeds
Cost
Profit/Loss
Units
£
£
£
Disposals
7,005
-
994
(994)
-
-
463
(463)
-
616,311
582,939
33,372|Cost
Value
£
£
£
Closing
Unrealised
gains
7,829
7,285
630
-
-
-
-
-
-|
|---|---|---|
|||2,953,884
3,245,628
585,205|
13
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Veritas Schedule of Investments for the year ended 5 April 2021
||||Opening Balances|Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units||Cost||Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
|||||£||£||£||£|£|£||£|£|£|
|Fixed Interest|||||||||||||||||
|British Telecommunications IDX/LKD SNR EMTN 25/04/2025|||||GBP1000|'01|||||||||||
|06-Apr-20|b/fwd||-||-|-|||||||||||
|18-Jan-21|Purchase||||||15,000|31,733|||||||||
|05-Apr-21|c/fwd||||||||||||15,000|31,733|31,991|258|
|CG Portfolio|Fund plc - Dollar Fund||||||||||||||||
|06-Apr-20|b/fwd||-||-|-|||||||||||
|30-Sep-20|Purchase||||||459|49,152|||||||||
|05-Apr-21|c/fwd||||||||||||459|49,152|47,624|(1,528)|
|European Investment Bank Floating .82281%|||21/05/2021||||||||||||||
|06-Apr-20|b/fwd|110,000||110,853||110,316|||||||||||
|05-Apr-21|c/fwd||||||||||||110,000|110,853|110,060|(256)|
|International Bank for Reconstruction & Development||||1% 21/12/2029|||||||||||||
|06-Apr-20|b/fwd||-||-|-|||||||||||
|14-Aug-20|Purchase||||||49,000|51,274|||||||||
|12-Nov-20|Purchase||||||21,000|21,942|||||||||
|21-Dec-20|Accrued Interest||||||-|(152)|||||||||
|21-Dec-20|Accrued Interest||||||-|(234)|||||||||
|05-Apr-21|c/fwd||||||||||||70,000|72,830|70,189|(2,641)|
|London Stock Exchange Group PLC 4.75% 02/11/2021|||||||||||||||||
|06-Apr-20|b/fwd|110,000||118,085||112,789|||||||||||
|18-Jan-21|Purchase||||||30,000|31,369|||||||||
|05-Apr-21|c/fwd||||||||||||140,000|149,454|145,801|1,643|
|LVMH Moet Hennessy Louis Vuitton||SE 1% 11/02/2023|||||||||||||||
|06-Apr-20|b/fwd|100,000||100,280||97,851|||||||||||
|05-Apr-21|c/fwd||||||||||||100,000|100,280|100,941|3,090|
||||||||||1||||||||
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Veritas Schedule of Investments for the year ended 5 April 2021
||||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units||Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
|||||£|£||£||£|£|£||£|£|£|
|LVMH Moet Hennessy Louis Vuitton SE 1% 14/06/2022||||||||||||||||
|06-Apr-20|b/fwd|-||-|-|||||||||||
|18-Jan-21|Purchase|||||40,000|40,659|||||||||
|05-Apr-21|c/fwd|||||||||||40,000|40,659|40,542|(117)|
|National Grid PLC 1.25% 06/10/2021||||||||||||||||
|06-Apr-20|b/fwd|120,000||122,276|142,050|||||||||||
|05-Apr-21|c/fwd|||||||||||120,000|122,276|152,889|10,839|
|Nestle Holdings|Inc 1.75% 09/12/2020|||||||||||||||
|06-Apr-20|b/fwd|130,000||131,438|130,851|||||||||||
|09-Dec-20|Final maturity of Bond|||||||130,000|130,000|131,438|(1,438)|||||
|18-Jan-21|Purchase|||||30,000|31,907|||||||||
|05-Apr-21|c/fwd|||||||||||30,000|31,907|31,539|219|
|PepsiCo Inc 2.5% 01/11/2022||||||||||||||||
|06-Apr-20|b/fwd|130,000||134,850|134,126|||||||||||
|05-Apr-21|c/fwd|||||||||||130,000|134,850|135,796|1,670|
|Swedish Export|Credit Corp Pub 0.625% Snr Nts 07/12/20|||||||||||||||
|06-Apr-20|b/fwd|71,000||70,929|71,260|||||||||||
|07-Dec-20|Final maturity of Bond|||||||71,000|71,000|70,929|71|||||
|05-Apr-21|c/fwd|||||||||||-|-|-|(331)|
|Tesco IDX/LKD SNR BDS 05/11/2025||GBP1000|'29'|||||||||||||
|06-Apr-20|b/fwd|-||-|-|||||||||||
|18-Jan-21|Purchase|||||20,000|41,253|||||||||
|05-Apr-21|c/fwd|||||||||||20,000|41,253|41,270|17|
2
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Veritas Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals|||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units||Cost|Value|gains|
||||£|£||£||£|£|£|||£|£|£|
|Total Capital International SA 2.25% 19/12/2020||||||||||||||||
|06-Apr-20|b/fwd|130,000|135,268|131,397||||||||||||
|17-Dec-20|Final maturity|of Bond|||||130,000|130,000|135,268|(5,268)||||||
|05-Apr-21|c/fwd|||||||||||-|-|-|3,871|
|Walgreens Boots Alliance Inc 2.875% 20/11/2020||||||||||||||||
|06-Apr-20|b/fwd|125,000|130,740|126,749||||||||||||
|20-Oct-20|Final maturity|of Bond|||||125,000|125,000|130,740|(5,740)||||||
|05-Apr-21|c/fwd|||||||||||-|-|-|3,991|
|Equity||||||||||||||||
|Accenture PLC||||||||||||||||
|06-Apr-20|b/fwd|625|62,630|77,550||||||||||||
|05-Apr-21|c/fwd|||||||||||625|62,630|125,172|47,622|
|Align Technology Inc||||||||||||||||
|06-Apr-20|b/fwd|275|44,704|34,598||||||||||||
|05-Nov-20|Sale||||||50|17,640|8,128|9,512||||||
|05-Mar-21|Sale||||||30|11,671|4,877|6,794||||||
|24-Sep-20|Sale||||||45|11,230|5,283|5,947||||||
|05-Apr-21|c/fwd|||||||||||150|26,416|58,901|42,591|
|Alphabet Inc Cap Stk Cl C||||||||||||||||
|06-Apr-20|b/fwd|75|24,400|67,127||||||||||||
|18-Dec-20|Sale||||||7|9,070|2,277|6,793||||||
|05-Apr-21|c/fwd|||||||||||68|22,123|101,955|37,105|
3
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Veritas Schedule of Investments for the year ended 5 April 2021
||||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units||Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
|||||£|£||£|||£|£|£||£|£|£|
|Amphenol Corp|||||||||||||||||
|06-Apr-20|b/fwd||700|44,315|39,168||||||||||||
|05-May-21|Stock Split|||||(700)|-||||||||||
|05-May-21|Stock Split|||||1,400|-||||||||||
|05-Apr-21|c/fwd||||||||||||1,400|44,315|67,154|27,986|
|Automatic Data|Processing Inc||||||||||||||||
|06-Apr-20|b/fwd||510|55,295|53,496||||||||||||
|09-Apr-20|Purchase|||||95|11,287||||||||||
|05-Apr-21|c/fwd||||||||||||605|66,581|83,057|18,274|
|Avery Dennison|Corp||||||||||||||||
|06-Apr-20|b/fwd||640|50,942|48,891||||||||||||
|15-Mar-21|Sale||||||||215|27,542|17,113|10,428|||||
|05-Apr-21|c/fwd||||||||||||425|33,829|56,648|24,870|
|Berkshire Hathaway B Shares|||||||||||||||||
|06-Apr-20|b/fwd||700|20,004|101,805||||||||||||
|21-Apr-20|Purchase|||||70|10,780||||||||||
|08-Sep-20|Sale||||||||70|11,689|2,799|8,890|||||
|28-Sep-20|Sale||||||||220|35,970|8,795|27,175|||||
|09-Nov-20|Sale||||||||230|36,676|8,983|27,693|||||
|06-Jul-20|Sale||||||||250|35,752|10,207|25,545|||||
|05-Apr-21|c/fwd||||||||||||-|-|-|(81,801)|
4
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Veritas Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£||£|£|£||£|£|£|
|Broadridge Financial Solutions Inc|||||||||||||||
|06-Apr-20|b/fwd|-|-|-|||||||||||
|12-Feb-21|Purchase||||115|11,985|||||||||
|16-Feb-21|Purchase||||74|7,796|||||||||
|17-Feb-21|Purchase||||154|16,324|||||||||
|18-Feb-21|Purchase||||128|13,539|||||||||
|19-Feb-21|Purchase||||107|11,345|||||||||
|22-Feb-21|Purchase||||57|6,032|||||||||
|05-Apr-21|c/fwd||||||||||635|67,020|70,777|3,757|
|Bunzl PLC|||||||||||||||
|06-Apr-20|b/fwd|3,400|76,196|52,700|||||||||||
|05-Apr-21|c/fwd||||||||||3,400|76,196|78,982|26,282|
|Cerner Corp|||||||||||||||
|06-Apr-20|b/fwd|1,600|75,427|81,501|||||||||||
|18-Jun-20|Purchase||||460|25,699|||||||||
|05-Apr-21|c/fwd||||||||||2,060|101,126|107,322|122|
|Experian PLC|||||||||||||||
|06-Apr-20|b/fwd|3,400|24,207|71,876|||||||||||
|17-Jun-20|Sale||||||400|10,843|2,848|7,995|||||
|25-Nov-20|Sale||||||600|17,197|4,272|12,925|||||
|05-Apr-21|c/fwd||||||||||2,400|17,087|59,928|(4,828)|
|First Sentier Investors ICVC- Stewart||Investors Asia|Pacific Leaders Fund||||||||||||
|06-Apr-20|b/fwd|10,290|66,061|68,660|||||||||||
|30-Sep-20|Accumulated Dividend||||-|536|||||||||
|12-Nov-20|Sale||||||2,290|20,543|14,818|5,725|||||
|31-Mar-21|Accumulated Dividend||||-|39|||||||||
|05-Apr-21|c/fwd||||||||||8,000|51,817|76,326|21,909|
5
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Veritas Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£|||£|£|£||£|£|£|
|Fiserv Inc||||||||||||||||
|06-Apr-20|b/fwd|870|45,017|61,185||||||||||||
|05-Apr-21|c/fwd|||||||||||870|45,017|75,066|13,881|
|Franco-Nevada Corp||||||||||||||||
|06-Apr-20|b/fwd|1,450|74,811|128,012||||||||||||
|28-Apr-20|Sale|||||||150|16,512|7,739|8,773|||||
|13-Aug-20|Sale|||||||350|39,172|18,058|21,115|||||
|05-Apr-21|c/fwd|||||||||||950|49,014|86,303|(15,912)|
|Fresenius Medical Care AG & Co KGaA||||||||||||||||
|06-Apr-20|b/fwd|1,420|91,129|74,886||||||||||||
|05-Apr-21|c/fwd|||||||||||1,420|91,129|76,037|1,151|
|Hasbro Inc||||||||||||||||
|06-Apr-20|b/fwd|1,165|75,847|63,667||||||||||||
|05-Apr-21|c/fwd|||||||||||1,165|75,847|81,175|17,508|
|Infineon Technologies AG||||||||||||||||
|06-Apr-20|b/fwd|4,600|77,151|54,109||||||||||||
|05-Apr-21|c/fwd|||||||||||4,600|77,151|142,203|88,094|
|Intuit Inc||||||||||||||||
|06-Apr-20|b/fwd|-|-|-||||||||||||
|11-Mar-21|Purchase||||150|41,662||||||||||
|05-Apr-21|c/fwd|||||||||||150|41,662|41,650|(12)|
|Kerry Group PLC||||||||||||||||
|06-Apr-20|b/fwd|470|43,118|38,316||||||||||||
|18-Mar-21|Purchase||||180|15,778||||||||||
|05-Apr-21|c/fwd|||||||||||650|58,896|59,163|5,069|
6
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Veritas Schedule of Investments for the year ended 5 April 2021
||||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals|||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units||Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units||Cost|Value|gains|
|||||£|£||£|||£|£|£|||£|£|£|
|Kuehne + Nagel|International AG|||||||||||||||||
|06-Apr-20|b/fwd||320|38,214|35,786|||||||||||||
|05-Apr-21|c/fwd|||||||||||||320|38,214|66,489|30,703|
|Laboratory Corp|of America Holdings|||||||||||||||||
|06-Apr-20|b/fwd||660|76,155|61,007|||||||||||||
|09-Apr-20|Purchase|||||225|25,217|||||||||||
|05-Apr-21|c/fwd|||||||||||||885|101,372|163,642|77,418|
|Marsh & McLennan Cos Inc||||||||||||||||||
|06-Apr-20|b/fwd||-|-|-|||||||||||||
|18-Sep-20|Purchase|||||650|60,323|||||||||||
|06-Nov-20|Purchase|||||280|23,828|||||||||||
|05-Apr-21|c/fwd|||||||||||||930|84,151|82,117|(2,034)|
|Mastercard Inc||||||||||||||||||
|06-Apr-20|b/fwd||530|31,472|102,543|||||||||||||
|10-Sep-20|Sale||||||||70|17,650|4,157|13,493||||||
|05-Apr-21|c/fwd|||||||||||||460|27,315|118,828|20,442|
|Microsoft Corp||||||||||||||||||
|06-Apr-20|b/fwd||930|22,142|116,722|||||||||||||
|10-Sep-20|Sale||||||||180|28,343|4,286|24,057||||||
|05-Apr-21|c/fwd|||||||||||||750|17,857|128,177|15,741|
|Next PLC||||||||||||||||||
|06-Apr-20|b/fwd||-|-|-|||||||||||||
|15-Jan-21|Purchase|||||171|13,490|||||||||||
|18-Jan-21|Purchase|||||249|19,844|||||||||||
|19-Jan-21|Purchase|||||210|16,768|||||||||||
|05-Apr-21|c/fwd|||||||||||||630|50,102|49,556|(546)|
7
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Veritas Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units|Cost|Value|gains|
||||£|£||£|||£|£|£||£|£|£|
|Roche Holding AG||||||||||||||||
|06-Apr-20|b/fwd|500|38,101|134,643||||||||||||
|28-Apr-20|Sale|||||||60|17,440|4,572|12,868|||||
|05-Apr-21|c/fwd|||||||||||440|33,529|103,511|(26,560)|
|Taiwan Semiconductor Manufacturing Co LTD||||||||||||||||
|06-Apr-20|b/fwd|2,350|33,821|91,030||||||||||||
|30-Jul-20|Sale|||||||640|37,811|9,211|28,600|||||
|14-Jan-21|Sale|||||||250|22,257|3,598|18,659|||||
|19-Jan-21|Sale|||||||130|12,646|3,325|9,321|||||
|05-Apr-21|c/fwd|||||||||||1,330|17,687|114,427|39,530|
|Thermo Fisher Scientific Inc||||||||||||||||
|06-Apr-20|b/fwd|460|53,884|105,901||||||||||||
|09-Nov-20|Sale|||||||40|16,011|4,686|11,326|||||
|21-Sep-20|Sale|||||||60|20,253|7,028|13,225|||||
|05-Apr-21|c/fwd|||||||||||360|42,170|119,250|25,063|
|Tractor Supply Co||||||||||||||||
|06-Apr-20|b/fwd|680|49,664|44,101||||||||||||
|10-Feb-21|Purchase||||110|12,458||||||||||
|05-Apr-21|c/fwd|||||||||||790|62,122|101,477|44,918|
|Unilever NV||||||||||||||||
|06-Apr-20|b/fwd|1,200|50,026|46,784||||||||||||
|05-Apr-21|c/fwd|||||||||||1,200|50,026|48,660|1,876|
|UnitedHealth Group Inc||||||||||||||||
|06-Apr-20|b/fwd|560|26,014|104,849||||||||||||
|09-Nov-20|Sale|||||||50|13,651|2,323|11,328|||||
|05-Apr-21|c/fwd|||||||||||510|23,691|137,713|35,187|
8
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Veritas Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals|||||Closing||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units||Cost|Value|gains|
||||£|£||£|||£|£|£|||£|£|£|
|WisdomTree Physical Gold|||||||||||||||||
|06-Apr-20|b/fwd|-|-|-|||||||||||||
|13-Aug-20|Purchase||||480|68,833|||||||||||
|05-Apr-21|c/fwd||||||||||||480|68,833|56,246|(12,587)|
|Xylem Inc/NY|||||||||||||||||
|06-Apr-20|b/fwd|1,000|53,734|49,356|||||||||||||
|14-Jan-21|Sale|||||||249|19,241|13,380|5,861||||||
|15-Jan-21|Sale|||||||51|3,912|2,740|1,171||||||
|22-Feb-21|Sale|||||||700|47,817|37,614|10,203||||||
|05-Apr-21|c/fwd||||||||||||-|-|-|4,378|
||||2,479,200|3,067,658||712,464|||1,014,538|681,491|333,047|||2,510,173|3,646,554|547,923|
9
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals|||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||£|£||£||£|£|£|||£|£||£|
|Fixed Income|||||||||||||||||
|R Wealth Mgmt SICAV-SIF- Investment Grade Bonds|||Shs||||||||||||||
|06-Apr-20|b/fwd|50,350|504,803|505,014|||||||||||||
|11-Jun-20|Redemption||||||8,441|85,081|84,624|457|||||||
|13-Aug-20|Redemption||||||41,910|416,583|420,179|(3,597)|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(210)|
|Equities|||||||||||||||||
|Equities-UK|||||||||||||||||
|Admiral Group PLC|||||||||||||||||
|06-Apr-20|b/fwd|5,121|89,701|112,662|||||||||||||
|06-Apr-20|Sell||||||95|2,091|1,664|427|||||||
|07-Apr-20|Sell||||||174|3,829|3,048|782|||||||
|08-Apr-20|Sell||||||96|2,115|1,682|433|||||||
|09-Apr-20|Sell||||||39|862|683|179|||||||
|14-Apr-20|Sell||||||131|2,889|2,295|594|||||||
|15-Apr-20|Sell||||||38|839|666|174|||||||
|17-Apr-20|Sell||||||251|5,522|4,397|1,125|||||||
|20-Apr-20|Sell||||||92|2,025|1,612|414|||||||
|13-Aug-20|Sell||||||4,205|112,839|73,656|39,183|||||||
|24-Apr-19|c/fwd|||||||||||-|-||-|(22,961)|
|Ashtead Group PLC Reg Shs|||||||||||||||||
|06-Apr-20|b/fwd|3,082|65,834|49,482|||||||||||||
|13-Aug-20|Sell||||||3,082|84,821|65,834|18,987|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|16,353|
1
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals|Disposals||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||£|£||£||£|£|£|||£|£||£|
|Lloyds Banking|Group PLC||||||||||||||||
|06-Apr-20|b/fwd|218,576|129,904|60,600|||||||||||||
|13-Aug-20|Sell||||||218,576|64,392|129,904|(65,512)|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|69,304|
|Pentaris (Formerly InRIS) QIAIF PLC R Phoenix UK|||Fund||||||||||||||
|06-Apr-20|b/fwd|778|74,955|54,167|||||||||||||
|30-Sep-20|Redemption||||||778|65,086|74,955|(9,869)|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|20,787|
|Pentaris QIAIF|PLC - Phoenix UK Fund Shs -S- GBP||||||||||||||||
|06-Apr-20|b/fwd|410|40,994|26,740|||||||||||||
|29-Sep-20|Redemption||||||410|31,951|40,994|(9,043)|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|14,254|
|RyanAir Holdings PLC|||||||||||||||||
|06-Apr-20|b/fwd|11,721|120,669|88,881|||||||||||||
|13-Aug-20|Sale||||||11,721|128,376|120,669|7,707|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|31,788|
|Booking Holdings Inc Reg Shs 40656108|||||||||||||||||
|06-Apr-20|b/fwd||||||||||||||||
|15-Jun-20|Purchase of Investment||||6|7,872|||||||||||
|16-Jun-20|Purchase of Investment||||17|22,746|||||||||||
|17-Jun-20|Purchase of Investment||||3|3,915|||||||||||
|13-Aug-20|Sale of Investment||||||26|35,752|34,532.90|1,219|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|-|
2
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals|||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||£|£||£||£|£|£|||£|£||£|
|Lyxor Core US TIPS DR UCITS ETF Shs||-Dist- Dist Shs 33302471|||||||||||||||
|06-Apr-20|b/fwd||||||||||||||||
|11-Jun-20|Purchase||||1,939|210,351|||||||||||
|13-Aug-20|Sell||||||1,939|215,262|210,351|4,912|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|-|
|Equities|-North America||||||||||||||||
|American|Express Co Reg Shs||||||||||||||||
|06-Apr-20|b/fwd|1,318|54,163|79,405|||||||||||||
|06-Apr-20|Purchase of Investment||||125|8,480|||||||||||
|15-Apr-20|Purchase of Investment||||250|16,666|||||||||||
|14-Aug-20|American Express Co||||||1,693|128,795|79,309|49,487|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(25,242)|
|Berkshire Hathaway Inc - B - Reg Shs|||||||||||||||||
|06-Apr-20|b/fwd|850|56,446|124,085|||||||||||||
|13-Aug-20|Berkshire Hathaway||||||850|138,337|56,446|81,891|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(67,640)|
|Cable One Inc Reg Shs|||||||||||||||||
|06-Apr-20|b/fwd|53|28,033|66,654|||||||||||||
|13-Aug-20|Sale of Investment||||||53|75,429|28,033|47,395|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(38,621)|
|Charter Communication Inc - A - Reg||Shs|||||||||||||||
|06-Apr-20|b/fwd|145|34,241|51,489|||||||||||||
|13-Aug-20|Sale of Investment||||||145|65,994|34,241|31,752|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(17,247)|
3
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals|||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||£|£||£||£|£|£|||£|£||£|
|Comcast Corp -A- Reg Shs|||||||||||||||||
|06-Apr-20|b/fwd|2,804|78,345|77,924|||||||||||||
|13-Aug-20|Sale of Investment||||||2,804|92,371|78,345|14,026|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|421|
|Deere & Co Reg Shs|||||||||||||||||
|06-Apr-20|b/fwd|771|42,458|85,529|||||||||||||
|18-May-20|Purchase of Investment||||42|4,656|||||||||||
|13-Aug-20|Deere & Co||||||813|117,290|47,114|70,175|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(43,070)|
|Fox Corp -A- Reg Shs|||||||||||||||||
|06-Apr-20|b/fwd|4,116|113,278|75,133|||||||||||||
|13-Aug-20|Sale of Investment||||||4,116|78,147|113,278|(35,131)|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|38,144|
|Liberty Broadband Corp Series -C-|||||||||||||||||
|06-Apr-20|b/fwd|253|16,228|22,449|||||||||||||
|13-Aug-20|Sale of Investment||||||253|27,096|16,228|10,867|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(6,221)|
|Linde PLC Reg|Shs||||||||||||||||
|06-Apr-20|b/fwd|596|49,226|79,098|||||||||||||
|06-Apr-20|Purchase of Investment||||47|6,687|||||||||||
|13-Aug-20|Sale of Investment||||||643|121,496|55,913|65,583|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(29,871)|
|Mastercard Inc -A- Reg Shs|||||||||||||||||
|06-Apr-20|b/fwd|399|65,035|77,416|||||||||||||
|13-Aug-20|Sale of Investment||||||399|99,398|65,035|34,364|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(12,381)|
4
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals|||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||£|£||£|||£|£|£|||£|£||£|
|Middleby Corp Reg Shs||||||||||||||||||
|06-Apr-20|b/fwd|670|59,036|26,714||||||||||||||
|07-Apr-20|Sale of Investment|||||||58|2,624|5,111|(2,487)|||||||
|08-Apr-20|Sale of Investment|||||||76|3,430|6,697|(3,267)|||||||
|09-Apr-20|Sale of Investment|||||||119|5,589|10,486|(4,897)|||||||
|13-Apr-20|Sale of Investment|||||||1|44|88|(44)|||||||
|14-Apr-20|Sale of Investment|||||||3|130|264|(134)|||||||
|28-Apr-20|Sale of Investment|||||||38|1,698|3,348|(1,650)|||||||
|29-Apr-20|Sale of Investment|||||||375|17,678|33,043|(15,365)|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|32,322|
|Moody's Corp|Reg Shs|||||||||||||||||
|06-Apr-20|b/fwd|656|71,477|112,116||||||||||||||
|09-Jun-20|Sale of Investment|||||||36|7,802|3,923|3,879|||||||
|10-Jun-20|Sale of Investment|||||||16|3,457|1,743|1,714|||||||
|13-Aug-20|Sale of Investment|||||||604|128,715|65,811|62,903|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(40,638)|
|Pentaris (Formerly InRIS) QIAIF PLC - Bares US Equity|||Fund Shs -F-|||||||||||||||
|06-Apr-20|b/fwd|1,307|104,759|117,044||||||||||||||
|23-Jun-20|Redemption|||||||320|45,705|25,681|20,024|||||||
|28-Aug-20|Redemption|||||||986|165,902|79,078|86,825|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(12,285)|
|S&P Global Inc Reg Shs||||||||||||||||||
|06-Apr-20|b/fwd|550|74,549|107,510||||||||||||||
|10-Jun-20|Sale of Investment|||||||8|2,055|1,084|971|||||||
|13-Aug-20|Sale of Investment|||||||506|134,354|68,585|65,769|||||||
|09-Jun-20|Sale of Investment|||||||36|9,291|4,880|4,411|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(32,961)|
5
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions||Disposals|||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units|Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||£|£||£||£|£|£|||£|£||£|
|Wells Fargo & Co Reg Shs|||||||||||||||||
|06-Apr-20|b/fwd|3,416|114,130|73,345|||||||||||||
|13-Aug-20|Sale of Investment||||||3,416|65,091|114,130|(49,039)|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|40,785|
|Equities-Asia, Far East|||||||||||||||||
|Pentaris QIAIF PLC-Cederberg Fund Shs-F-USD(Formerly InRIS QIAIF||||PLC)|||||||||||||
|06-Apr-20|b/fwd|975|70,489|106,062|||||||||||||
|02-Jul-20|Redemption||||||93|12,167|6,760|5,407|||||||
|04-Aug-20|Redemption||||||84|11,405|6,054|5,351|||||||
|01-Sep-20|Redemption||||||797|117,930|57,675|60,255|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(35,573)|
|Equities-Global|||||||||||||||||
|Lansdowne|Developed Markets Long only Fund Ltd||||||||||||||||
|06-Apr-20|b/fwd|673|70,000|59,832|||||||||||||
|01-Oct-20|Redemption Lansdowne Developed Markets Long Only Fund Limited||||||673|69,607|70,000|(393)|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|10,169|
|Equities-Other|||||||||||||||||
|Pentaris QIAIF PLC - Intrinsic Value Europe Fund (formerly InRIS UCITS PLC)|||||||||||||||||
|06-Apr-20|b/fwd|682|75,274|87,092|||||||||||||
|20-Aug-20|Redemption||||||682|110,608|75,274|35,334|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(11,818)|
|R Wealth Mgmt SICAV-SIF - Selected Opportunities Fund|||||||||||||||||
|06-Apr-20|b/fwd|13,110|147,123|171,610|||||||||||||
|28-Aug-20|Redemption||||||13,110|211,858|147,123|64,735|||||||
|05-Apr-21|c/fwd|||||||||||-|-||-|(24,487)|
6
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals|||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||£|£||£|||£|£|£|||£|£||£|
|Hedge Funds||||||||||||||||||
|Hedge Funds-Diversifiers||||||||||||||||||
|36 South Funds|ICAV - Okura Fund|Accum Shs -C-||||||||||||||||
|06-Apr-20|b/fwd|14|13,000|12,506||||||||||||||
|06-Apr-20|Exchange||||129|77,992||||||||||||
|01-May-20|Redemption|||||||6|4,512|3,580|932|||||||
|01-May-20|Redemption|||||||36|29,064|(563,023)|592,087|||||||
|22-May-20|Exchange|||||5||||||||||||
|22-May-20|Redemption|||||||12|9,638|76,762|(67,124)|||||||
|01-Oct-20|Exchange|||||3||||||||||||
|01-Oct-20|Redemption|||||||14|10,984|92,920|(81,936)|||||||
|01-Oct-20|Redemption|||||||11|8,328|70,451|(62,123)|||||||
|01-Oct-20|Redemption|||||||35|26,839|227,045|(200,206)|||||||
|01-Oct-20|Redemption|||||||20|15,377|130,083|(114,706)|||||||
|01-Oct-20|Redemption|||||||8|6,286|53,181|(46,894)|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|494|
36 South Funds ICAV - Okura Fund Accum Shs -C06-Apr-20 b/fwd 12 11,995 10,786 06-Apr-20 Exchange (12) (11,995) 05-Apr-21 c/fwd 36 South Funds ICAV - Okura Fund Accum Shs -C06-Apr-20 b/fwd 11 10,997 9,899 06-Apr-20 Exchange (11) (10,997) 05-Apr-21 c/fwd 36 South Funds ICAV - Okura Fund Accum Shs -C06-Apr-20 b/fwd 14 11,000 13,057 06-Apr-20 Exchange (14) (11,000) 05-Apr-21 c/fwd
- - - 1,208
- - - - 1,098 - - - (2,057)
7
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals|||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||£|£||£|||£|£|£|||£|£||£|
|36 South Funds ICAV - Okura Fund Accum Shs -C-||||||||||||||||||
|06-Apr-20|b/fwd|20|12,000|18,279||||||||||||||
|06-Apr-20|Exchange||||(20)|(12,000)||||||||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(6,279)|
|36 South Funds ICAV - Okura Fund Accum Shs -C-||||||||||||||||||
|06-Apr-20|b/fwd|35|18,000|31,904||||||||||||||
|06-Apr-20|Exchange||||(35)|(18,000)||||||||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(13,904)|
|36 South Funds ICAV - Okura Fund Accum Shs -C-||||||||||||||||||
|06-Apr-20|b/fwd|36|14,000|32,807||||||||||||||
|06-Apr-20|Exchange||||(36)|(14,000)||||||||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(18,807)|
|CFM Institutional Systematic Trends Fund Limited||||||||||||||||||
|06-Apr-20|b/fwd|63|69,078|70,777||||||||||||||
|24-Aug-20|Redemption|||||||63|65,933|69,078|(3,145)|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(1,699)|
|EF of 36 South Fund ICAV - Okura Fund Accum Shs -C-||||||||||||||||||
|06-Apr-20|b/fwd|5|5|5||||||||||||||
|22-May-20|Exchange||||(5)|(5)||||||||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|-|
|EF of 36 South Fund ICAV - Okura Fund Accum Shs -C-||||||||||||||||||
|06-Apr-20|b/fwd|3|3|3||||||||||||||
|01-Oct-20|Exchange||||(3)|(3)||||||||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|-|
8
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals|||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|Cost|Value|Units|Cost||Units|Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||£|£||£|||£|£|£|||£|£||£|
|InRIS UCITS PLC - R CFM Trends Funds Shs||||||||||||||||||
|06-Apr-20|b/fwd|295|29,498|30,572||||||||||||||
|30-Jun-20|Excess Reportable Income|||||-|315|||||||||||
|18-Aug-20|Redemption|||||||295|31,026|29,813|1,213|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(1,074)|
|Pentaris (Formerly InRIS) QIAIF PLC||- Artemis Volatility Trading Fund||Shs -F- USD Shs||||||||||||||
|06-Apr-20|b/fwd|381|28,775|34,164||||||||||||||
|26-Aug-20|Redemption|||||||381|30,635|28,775|1,860|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(5,389)|
|ACL Alternative Fund SAC Ltd Shs||||||||||||||||||
|06-Apr-20|b/fwd|830|64,222|65,954||||||||||||||
|30-Jun-20|Excess Reportable Income|||||-|354|||||||||||
|17-Aug-20|Redemption|||||||830|61,492|64,576|(3,084)|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(1,732)|
|DD of ACL Alternative Fund SAC Ltd Red Shs -A-||||||||||||||||||
|06-Apr-20|b/fwd|1,264|1,265|-||||||||||||||
|05-Apr-21|Expiration|||||||1,264|-|1,265|(1,265)|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|1,265|
|Hedge Funds-Others||||||||||||||||||
|Others||||||||||||||||||
|Wts Citigroup 18.12.2020 ESTX50 EUR P 3100 resettable put||||||||||||||||||
|06-Apr-20|b/fwd|38|3,451|18,776||||||||||||||
|24-Apr-20|Sale|||||||19|7,173|1,725|5,448|||||||
|13-Aug-20|Sale|||||||19|1,695|1,725|(30)|||||||
|05-Apr-21|c/fwd||||||||||||-|-||-|(15,325)|
9
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|||||Opening Balances|Opening Balances||Acquisitions|Acquisitions|||Disposals|||||Closing|||Unrealised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Units|||Cost|Value|Units|Cost|Units||Proceeds|Cost|Profit/Loss|Units||Cost|Value||gains|
||||||£|£||£|||£|£|£|||£|£||£|
|Wts Citigroup 19.03.2020 ESTX50 EUR P EUR 3250 resettable put||||||||||||||||||||
|06-Apr-20|b/fwd||61||5,746|38,312||||||||||||||
|24-Apr-20|Sale|||||||||31|15,517|2,920|12,597|||||||
|13-Aug-20|Sale|||||||||30|5,146|2,826|2,320|||||||
|05-Apr-21|c/fwd||||||||||||||-|-||-|(32,566)|
|Wts Citigroup 19.06.2020 S&P 500 USD 2500||||||||||||||||||||
|06-Apr-20|b/fwd||62||3,464|8,254||||||||||||||
|09-Jul-20|Expiration|||||||||62|-|3,464|(3,464)|||||||
|05-Apr-21|c/fwd||||||||||||||-|-||-|(4,790)|
|Wts JP Morgan|SP 18.09.2020 S&P 500 2450|||||||||||||||||||
|06-Apr-20|b/fwd||50||3,504|9,689||||||||||||||
|13-Aug-20|Sale of Investment|||||||||50|38|3,504|(3,466)|||||||
|05-Apr-21|c/fwd||||||||||||||-|-||-|(6,185)|
|Wts Citigroup 18.12.2020 S&P 500 USD 2800|||put|||||||||||||||||
|06-Apr-20|b/fwd||38||3,583|14,252||||||||||||||
|13-Aug-20|Sale of Investment|||||||||38|1,644|3,583|(1,939)|||||||
|05-Apr-21|c/fwd||||||||||||||-|-||-|(10,669)|
|Wts BNP Paribas Iss 18.06.2021 S&P||500 USD||2700 put 55938751||||||||||||||||
|06-Apr-20|b/fwd||-||-|-||||||||||||||
|06-Jul-20|Purchase of Investment||||||40|5,146||||||||||||
|13-Aug-20|Sale of Investment|||||||||40|3,187|5,146|(1,959)|||||||
|05-Apr-21|c/fwd||||||||||||||-|-||-|-|
|Wts Citigroup 18.12.2020 ESTX50 EUR P EUR 2250 put 53947713||||||||||||||||||||
|06-Apr-20|b/fwd||-||-|-||||||||||||||
|24-Apr-20|Purchase||||||71|7,160||||||||||||
|13-Aug-20|Sale|||||||||71|742|7,160|(6,418)|||||||
|05-Apr-21|c/fwd||||||||||||||-|-||-|-|
||||||||||10|||||||||||
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Rothschild Schedule of Investments for the year ended 5 April 2021
|Units
Cost
Value
Units
Cost
Units
£
£
£
Acquisitions
Opening Balances
Wts Citigroup 19.03.2021 ESTX50 EUR P EUR 2600 put 53947758
06-Apr-20
b/fwd
-
-
-
24-Apr-20
Purchase
75
15,568
13-Aug-20
Sale
75
05-Apr-21
c/fwd
FX Trade
FX Trade USD/GBP 14/11/18 to 18/04/19
06-Apr-20
b/fwd
227,000
-
(3,605)
05-Apr-21
Expiration
227,000
05-Apr-21
c/fwd
FX Trade USD/GBP 14/11/18 to 18/04/19
06-Apr-20
b/fwd
798,000
-
(42,701)
05-Apr-21
Expiration
798,000
05-Apr-21
c/fwd
FX Trade USD/GBP 14/11/18 to 18/04/19
06-Apr-20
b/fwd
189,000
-
(9,009)
05-Apr-21
Expiration
189,000
05-Apr-21
c/fwd
2,654,737
2,862,734
309,916|Proceeds
Cost
Profit/Loss
Units
£
£
£
Disposals
3,764
15,568
(11,804)
-
-
-
-
-
-
-
-
-
-
-
-
-
3,670,828
2,964,653
706,176|Cost
Value
£
£
£
Closing
Unrealised
gains
-
-
-
-
-
3,605
-
-
42,701
-
-
9,009|
|---|---|---|
|||-
-
(207,997)|
11
## THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST
Fundsmith LLP Schedule of Investments for the year ended 5 April 2021
|Units
Cost
Value
Units
Cost
Units
£
£
£
Fundsmith Equity Fund I Class Inc
06-Apr-20
b/fwd
-
-
-
06-Nov-20
Purchase
737,780
3,500,000
05-Apr-21
c/fwd
-
-
3,500,000
Opening Balances
Acquisitions|Proceeds
Cost
Profit/Loss
Units
£
£
£
737,780
-
-
-
Disposals|Cost
Value
£
£
£
3,500,000
3,750,922
250,922
Closing
Unrealised
gains|
|---|---|---|
|||3,500,000
3,750,922
250,922|
1