2022-12-31-accounts - The Hunt Servants' Fund

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Charity Information
Trustees Annual Report			2-4
Independent Examiners'	Report
Statement ofFinancial Activities			6-7
Balance Sheet
Notes to the Accounts			9-16
The following pages do	not form part ofthe statutory	accounts
Detailed Statement ofFinancial Activities			17-18
Detailed Balance Sheet			19-20

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	Note		2022	2021
Fixed Assets
Investments			1,889,002.21	2,024,503.86
Current Assets
Debtors	10			5,000.00
Cash at bank and in hand		157,648.69		147,380,65
Total current assets		157,648.69		152,380.65
Liabilities
Creditors: amounts falling due
within one year	11	24,539.72		23,683.80
Net Current Assets			133,10S.97	128,696.85
Total Assets Less Current Liabilities			2,022„111.18	2,153,200.71
FUNDS OFTHE CHAMTY
Unrestricted funds	12		1,936,531.46	2,060,770.99
Restricted funds —Bursary Scheme	12		8,179.72	10,929.72
Restricted funds—
Jean Wilkinson donation	12		77„400.00	81,500.00
Total Charity Funds			2,022,111.18	2,153,200.71

YEAR ENDED 31DECEMBER 2022	YEAR ENDED 31DECEMBER 2022
NOTES TO THK ACCOUNTS - continued
			2022	2021
			g
2.	DONATIONS AND LEGACIES
	Donations		24,854.73	28,605.70
	Donations towards bursaries		8,250.00	3,969.50
	Legacies		9,500.00	47,413.97
	Income Tax repayable on donations
			42,604.73	79,989.17
	Jean Wilkinson Legacy is arestricted	fund for Douglas	Hunt, any surplus fund on death will
	be distributed equally between the Hunt Servants Fund		and Hunt StaffBenefit Society.
3.	OTHER TRADING ACTIVITIES
	Polo Day at the Beaufort Polo Club		3,800.00	12,758.33
			3,800.00	12,758.33
4.	INCOME FROM INVESTMENTS
	Dividends -Unit Trusts		52,650.34	42,789.88
	Interest - Unit Trusts and Government	Stocks	196.52	187.50
	Interest on cash deposits		244.41	14.40
			53,091.27	42,991.78

		2022	2021
CHARITABLE	ACTIVITIES
Allowances		4,100.00	4,000,00
Grants		48,620.00	58,784.50
Bursaries		11,000.00
		63,720.00	62,784.50

GOVERNANCE AND	SUPPORT COSTS
Use ofoffice		23,403.10	23,237.00
Investment Management	fee	9,529.85	9,331.36
Independent Examiners'	fee	3,000.00	3,000.00
Legal fees		3,373.20	6,186,70
Bank charges		162.07	150.05
Exchange differences			(657.00)
		39,468.22	36,105.93

NOTES TO THK ACCOUNTS - cont	inu	ed
9. INVESTMENTS				Market value	Market value
				31December	31December
		Nominal	Cost K	2022 K	2021 E
Held throughout the year
Trojan Income Fund		24,827	47,741.08	43,050	50,396
Liontrust (Majedie) UK Equity Fund		55,000	72,284.20	79,403	89„920
Schroder Charity Equity Value Fund		111,769	74,091.67	69,811	72,616
Cazenove Charity Equity Income Fund		450,000	143,333.71	227,430	222,975
Polar Capital European ex UK Income Fund 2,000			14,520.00	18,600	18,020
Vanguard S&P500ETF		820	22,323.50	49,260	54,796
Findlay Park American Inc		405	22,113.11	52,888	59,726
Schroder Asian Alpha Plus Fund		29,000	35,958.17	32,625	36,714
RWC Global EM Markets		200	19,977.39	18,798	22,433
Polar Global Insurance Fund		4.700	24,979.77	36,592	29,844
M&G GI Dividend		57,977	39,522.18	72,511	71,334
Fidelity Global Dividend		48,128	29,854.00	48,321	49,428
Atlas Global Infrastructure Fund		300	34,945.18	41,184	39,572
Ninety One IIIGlobal		17,000	27,854.60	26,768	30,746
Wellington Global Healthcare		4,695	34,371.34	46,984	46,841
Schroder Sterling Corporate Bond		128,000	64,861.27	61,491	81,664
Schroder Strategic Credit Fund		490	50,825.80	41,918	47,557
Morgan Stanley GI asset backed security		1,555	38,889.71	35,300	38,767
Capita Trojan Investments Fund		34,000	63,497.09	105,006	109,116
CG Absolute Return Fund		700	91,357.00	94,801	99,225
Brevan Howard Absolute Return		269	26,618.70	29,625	27,893
Charities Property Fund		114,700	123,893.93	144,706	157,070
Property Income Trust for Charities		60,549	49,666.11	51,267	55,445
iShares Physical Metals PLC		1,425	36,918.67	41,938	37,499
Schroder SSFDiversified Alternative	Assets 1,000		103,399.00	102,980	115,897
			1,293,797.18	1,573,257	1,665,494
Purchased during the year and held at year		end
BlackRock iShares Japan Equity Index Fund24. 531			24,324.94	22,473
Fedt Hermes Unc Credit		39,000	36,730.20	32,686
Fidelity Gl Dividend		15,000	15,041.55	15,060
Neuberger Berman US Large Cap Val		5,600	61,082.00	61,152
1.25 UK Treasury Gilt 22.7.27		45,000	44,502.30	40,482
Morgan Stanley GI asset backed security		800	19,120.00	18,160
JPMorgan GBP Liquidity LVNAV Fund		8,954	8,954.13	8,954
Var'/0 UK 2006-22.11.27 Treasury Stock		12,000	24,407.15	23,274
L&GMulti-Strategy Enhanced Commodities4;572			56,428.24	52,020
Invesco IIUS US Treasury Bond		1,200	41,796.00	41,484
			332,386.51	315,745
			1,626,183.69	1,889,002	1,665,494

9. INVESTMENTS - continued
SOLD DURING THE YEAR
	Nominal		Cost	Proceeds	~Gain/ Loss
iShares Physical Metals PLC		800	20,726.27	20,685	(41)
MU Lyxor Core US TIPS		400	45,253.72	44,391	(863)
Vanguard Japan Stock Index Fund		140	22,126.95	24,300	2,173
Fedt Hermes Unc Credit	37,000		39,612.20	36,674	(2,937)
Schroder Global Recovery-Fund	20,000		12,043.39	13,078	1,035
BlackRock European Dynamic Fund	11,000		19,751.75	27,864	8,112
T.Rowe GI Technology Equity Fund		2,000	23,529.18	35,120	11,591
Blackrock iShares CNY Bnd-S-USD-Dis		8,476	66,167.09	67,691	1,523
Schroder Global Recovery-Fund	60,000		36,130.17	38,550	2,420
Schroder Charity Equity Value Fund		8,231	5,456.33	4,906	(551)
Wisdomtree Enh Cmdty ETF-GBP-Inc		4,000	39,548.21	52,397	12,849
JPMorgan GBP Liquidity LVNAV Fund	31,046		31,045.87	31,046
CG Absolute Return Fund		60	7,830.60	8,209	379
Capita Trojan Investments Fund		6,000	11,205.31	18,551	7,345
Invesco EQQQ Nq 100ET		100	28,383.44	24,729	(3,654)
			431,050.20	448,191	39,381
Purchased during the year and sold during the		year
	Nominal		Cost
Wisdomtree Enh Cmdty ETF-GBP-Inc		4,000	39,548.21
Invesco EQQQ Nq 100ET		100	28,383.44
JPMorgan GBP Liquidity LVNAV Fund	31,046		31,045.87
			98,977.52
Purchased during the year and held at year end			332,386.51
Total purchases			431,364.03

YEAR ENDED 31DECEMBER 2022	YEAR ENDED 31DECEMBER 2022
NOTES TO THE ACCOUNTS - continued
9.	INVESTMENTS - continued
	Su~ary
	Fixed Asset Investments Summ
	uoted Investments
				2022	2021
	Market Value at 1 January 2022			2,024,503.86	1,712,540.00
	Additions and conversions during	the year		431,364.03	518,038.26
	Accumulated income
	Disposals and Capital distributions	during the year		(457,987.26)	(373,691.13)
	Equalisation relating to units purchased		in prior years	(502.47)
	Rebate relating to stock purchased	prior years
				1,997,378.16	1,856,887.13
	Net unrealised investment gain/(loss)			(108,375.95)	167,616.73
	Market Value at 31December 2022			1,889,002.21	2,024,503.86
10.	DEBTORS
	HSBSoffice facilities paid in advance				5,000.00
					5,000.00
11.	CREDITORS: amounts falling due	within one year
	Investment Management fees			2,336.72	2,446.80
	Independent Examiners' fee			3,000.00	3,000.00
	HSBSoffice facilities			18,403.00	18,237.00
	Pensioners' Christmas bonuses			800.00
				24,539.72	23,683.80

NOT	ES TO THK ACCOUNTS —continu	ed
			Restricted	funds
12.	FUNDS	Unrestricted	Bursary	Jean Wilkinson
		Funds	Scheme	Donation
	Balance at 1 January 2021	2,060,770.99	10,929.72	81,500.00
	Incoming resources	91,246.00	8,250.00
	Resources expended	(97,313.15)	(11,000.00)	(4,100.00)
	Other recognised gains/(losses)	(118,172.38)
	Transfers between funds
	Balance at 31December 2022	1,936,531.46	8,179.72	77,400.00

were	as f	oll	ows:
							Hunt		Hunt Staff
							Servants'	Fund	Benefit Society
Polo	Day	at	the	Beaufort	Polo	Club	(E5,425)		K5,022

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