Charity number.. 237250
THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
CONTENTS
Pa9e
Reference and administratlve detalls of the charity, its trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the flnancial statements
8-14

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2022
Trustees
A S Lloyd
Sir Michael Craig-cooper CBE TD DL FCIArb
J S Gordon MBE
CRHLloyd
Mrs V E Best
J S Lloyd
Mrs P J Salchwell - Smith
Rev R G Lloyd, Chairman
Charity registered number
237250
Principal office
45 Pall Mall, London, SW1Y 5JG
Accountants
Hillier Hopkins LLP, 45 Pall Mall. London, SW1Y 5JG
Bankers
Royal Bank of Scotland, 49 Bishopsgate, London. EC2N 3AS
Sollcltors
Cripps Pemberton Greenlsh. 45 Cadogan Gardens, London, SW3 2AQ
Investment brokors
Raymond James Investment Services Ltd, Broadwalk House, 5 Appold Street, London, EC2A 2AG
Page 1

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2022
The Trustees present their annual report together with the financial statements of the charity for the 6 April 2021
to 5 April 2022.
a. ACTIVITIES FOR ACHIEVING OBJECTIVES
The Trust Deed empowers the Trustees to invest in assets as they shall in their absolute discretion think lil and
lo apply resources for such charitable purposes as they may in their discretion determine.
. REVIEW OF ACTIVITIES
The grants expended for the year lotaled £103,790 enabling a total of 57 different institutions and individuals to
benefit from the TTUStees dislribulions.
b. INVESTMENT POLICY AND PERFORMANCE
The Trustees shall have the same full and unrestricted powers of investing as if they were beneficially entitled.
The investments are managed by Raymond James Invslmenl Services Limited.. stockbrokers, and comply with
the provisions of the Declaration of Trust.
Investments sold in the year resulted in a profiU{lossl of £126,430 (2021.. £15,538). The Stock Ex¢hange
performance increaselldecreasedl the value of the porllolio during the year by £194,561 (2021.. £834.101}. At
the end of the year the Investments had a value of £3,938,815 (2021.. £3.582,4251
The Trustees consider this is sufficient to continue giving the quality of support to futLJre recipients, as had been
recognised from the trust's inception
Hillier Hopkins have produced the reports and financial statements made up to 5 April 2021. They show nel
resources incomellexpendedl of £12,228 (2021.'£{14.95811 before investment gains and losses which are shown
on page 6.
a. GOING CONCERN
After making appropriate enquiries, the trLJStees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt
the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going
concern basis can be found in the Accounting Policies.
. ORGANISATIONAL STRUCTURE AND DECISION MAKING
The Elaine and Angus Lloyd Charitable Trust was founded by Deed of Trust dated 9 June 1964 and amended on
19 October 1992 with the present name being adopted fiom 6 April 1993. The Trust is a registered charity
number 237250, al 45 Pall Mall, London. SW1Y 5JG.
The Trustees meg1 on a regular basis lo discuss how best in their opinion the av8i18ble resour￿$ should be
applied. Al trustee meetings, the Irusleos agree the board strategy and areas of activity foT the Charity, including
consideration of donations. investment, reserves and risk management policies and performan¢e. Grants in
practice are made lo those charities or for such charitable purposes known lo one or more of the Trustees.
b. RISK MANAGEMENT
Page 2

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
TRUSTEES, REPORT Icontlnuedl
FOR THE YEAR ENDED 5 APRIL 2022
The charity Trustees have consSdered the major risks to which the charity is exposed and have reviewed those
risks and established systems and procedures to manage those risks. The trustees consider the variability of
investment returns on the investments to constitute the charity's major risk and continue to keep the investment
portfolio under review.
a. FUTURE DEVELOPMENTS
It is the Intention of the Trustees to continue lo distribute the major part of ils income.
TRUSTEES, RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees, repoil and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Pr2Cticel.
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the stale of affairs of the charity and of the iiicoming
resources and application of resources of the charity for that period. In preparing these financial statèments, the
Trustees are required lo..
select SLJitable accounting policies and then apply them consistenlly.,
observe the methods and principles in the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.,
prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the
charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sullicienl lo show and explain the
charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and
enable them to ensure that the financial slalemenls comply with the Charities Aol 2011. the Charity (Accounts
and Reports) Regulations 2008 and the provisions of the trust degd. They are also responsible for safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and detèction of fraud and
other irregularities.
The Trustees are responsible for the maintenance and integrity of the charify and financial informatlon included
on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of
financial slalemenls may drffer from legislation in other jurisdictions.
This report was approved by the Trustees, on fjo November 2022 and signed on their behalf by..
LJ
ev R G Lloyd
Page 3

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ELAINE & ANGUS LLOYD
CHARITABLE TRUST Ithe 'charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2022.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the charity's
Trustees those mallers l am required lo slate lo them in an Independent examiner's report and for no other
purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone other than the
charity and the charity's Trustees as a body, for my work or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'lhe 2011 Act'i.
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed all the applicable Directions given by the Charity Comtnission
under section 14515llbl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn lo the fact that the charity has prepared the accounts in accordan￿ with Accounting and
Reporting by Charities.- Statement of Recommended Pmctice applicable to charities preparing their accounts
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in
prefeience lo the Accounting and Reporting by Charities". Statement of Recommended Practice issued on 1 April
2005 which is referred lo in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts lo provide a true and fair vlew in a¢¢ordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. l ¢8n confirm that no mallers have come to my attention in connection with
the examination giving me cause to believe that in any material respe¢L'
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act.. or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a maller considered as parl of an independent
examination.
Page 4

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT {continued)
FOR THE YEAR ENDED 5 APRIL 2022
I have no concerns and have come across no other mallers in connection with the examination to which
attention shoLJld be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
Signed..
Ross 8adger
Dated.. 10 November 2022
HILLIER HOPKINS LLP
Gharlered Accountants
45 Pall Mall
London
SW1Y 5JG
Page 5

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2022
Unrestricted
funds
2022
Total
funds
2022
Total
fvnds
2021
Note
INCOME FROM..
Investments
138,342
138,342
111,280
TOTAL INCOME
138,342
138.342
111,280
EXPENDITURE ON:
Investment management fees
Charitable activities
11,884
114,230
11,8B4
114,230
13, 163
113,075
3&5
TOTAL EXPENDITURE
126,114
126,114
126,238
NET INCOME I IEXPENDITUREI BEFORE INVESTMENT
GAINS
12,228
320,991
12,228
320,991
(f 4.958)
849,641
Nel gains on investments
NET INCOME BEFORE OTHER RECOGNISED GAINS AND
LOSSES
333,219
333,219
834,683
NET MOVEMENT IN FUNDS
333,219
333,219
834,683
RECONCILIATION OF FUNDS:
Total funds brought forward
3,769,021
3,769,021
2.934,338
TOTAL FUNDS CARRIED FORWARD
4,102,240
4,102,240
3, 769, Q21
The notes on pages 8 10 14 form parl of these financial statements.
Page 6

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2022
2022
2021
Note
FIXED ASSETS
Investments
3,938.815
3,582,425
CURRENT ASSETS
Investments Funds
Cash al bank and in h2nd
167,918
t42,920
49,676
167,925
192,596
CREDITORS: amounts falling due within
one year
14,500)
(6.000)
NET CURRENT ASSETS
163,425
186,596
NET ASSETS
4,102.240
3, 769,021
CHARITY FUNDS
Unrestricted funds
4,102,240
3,769,021
TOTAL FUNDS
4,102,240
3, 769.021
The financial statements were approved by the Trustees on 10 November 2022
Rev R G Lloyd
oyd
J S Gordon
The notes on pages 8 10 14 form part of these financial statements.
Page 7

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The tinancial 51atemenls have been prepared lo give a 'lrue and fair, view and have departed from
the Charities (Accounts and Reporisl Regulations 2008 only lo the exlenl required lo provide a 'true
and faiv view. This departure has involved following the Charities SORP IFRS 1021 publish￿ on 16
July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effe¢live from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention wlh Items
recognised at cost or transaction value unless otherwise staled in the relevant notes lo these
aocounls. The financial statements have been prepared in accordance with the Slalemenl of
Recommended Practice., Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland IFRS 102} and Charities Acl 2011.
The Elaine & Angus Lloyd Charitable Trust conslilules a public benefit entity as defined by FRS 102.
1.2 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
1.3 Expenditure
Expenditure is recognised once there is a legal or Conslruclive oblioalion to transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by
acts'vity. The costs of each aclivlty are made up of the tol81 of direct costs anol shared costs,
including support costs involved In Ljnderlaking each activity. Direct costs allribulable to a single
acb'vily are allocated directly to that activity. Shared c051s which contribute lo more than one activity
and support costs which are not allribulable to a single activity are apportioned between those
aclivilie5 on a basis consislenl with the use of resources. Central staff costs are 211ocalÈd on the
basis of lime spent, and depTecialion charges 8llo¢aled on the portion of the asset's use.
Governance costs are those incurred in connection with administration of the charity and compliance
with conslitulional and st8lulory requ1￿MentS.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Charitable aotivilies and Governan￿ costs are costs incurred on the charity's educational
operations, including support Gosts and costs relating lo the governance of the charity apportioned to
charitable activities.
Grants payable are chaTged in the year when the offer Is made except in those cases where the
offer is Conditional. such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject lo conditions which have not been mel al the year end are noted as a
commitment, bul not accrued as expenditure.
Page 8

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
ACCOUNTING POLICIES Icontinuedl
q.4 Donatlons
Donations received for the general purposes of the Charitable Trust are treated as llnreslrieted
funds. At the balance sheet there are no reslricled funds.
1.5 Cash flow statement
The Charitable Trust is entitled to the exemption from the requirement lo prèpafft a cash flow
statement on the grounds that il is a small charity within the meaning of the Charities Act 1993 and
the Regulations.
1.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised al their
transaction cost and subsequently measured at fair value al the Balance sheet dale, unless fair
value cannot be mèasured reliabily in which case il is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and shown in the heading
'Gainsl{lossesl on inveslmenls. in the Slalemenl of financial aclivilies.
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity., this is normally upon notification of the interest paid or payable by the Bank.
1.8 Cash at Bank and in hand
Cash at bank and in hand includes cash and shorl term highly liquid investments with a short
maturily of thiee months or less from the date of acquisition or opening of the dep0511 or similar
account.
1.9 Liabilities and provisions
Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required in selllemenl, and the
amount of the settlement can be esb'rllaled reliably. Liabilities are recognised at the amount that the
charity anticipates Il will pay lo sellle the debt or the amount il has received as advanced payments
for the goods or services it must provide. Provisions are measured al the best estimate of the
amounts required lo sellle the oblig8lion. Where the effect of the time value of money is rllaterial,
the provision is based on the present value of those amounts, discounted at the pre-tax discount
rale that reflects the risks specific to the liability. The unwinding of the discount is recognised within
interest payable and similar charges.
Page 9

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEiVIENTS
FOR THE YEAR ENDED S APRIL 2022
INCOMING RESOURCES
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Dividends received
Interest received
138,336
138,336
111.254
26
138,342
138,342
111,280
Total 2021
111.280
111,280
ANALYSIS OF EXPENDITURE BY ACTIVITIES
Grant
funding of
actlvities
2022
Total
2022
Total
2021
Donation5
103,790
103,790
102, 875
Tolal 2021
102.875
102.875
Page 10

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
GRANTS TO INSTITUTIONS
2022
2021
1st Glasgow The Boys, Brigade
AT¢hie Lloyd Charitable Foundation
Book Aid International
Brighton St Peters Isavehaven Women)
CALM
Cambodian Children's Fund
CAT Zero
Charlie Weller Twst
Chelsea & Westminster Neonatal Intensive Care Unil
Cherry Trees
CWR
Diabetes UK
EHAS
Effingham with Little Bookham PCC
Hope Garden Medical Centre
Hope Gardens (Paddy Field)
Hope Gardens Christmas Appeal
Linden Lodge
Policy Exchange
Piligrims Hospices
Rhema Bible College
Rhema Parlnership
Saffron Hall Trust
Skillaway
Snow Camp
Spear Brighton
Sl Clemenls Church Sandwich
Sl Andrews The Oxsholl Initiatwe
Sl Peter's Church
Sl Mary's East Molesey charitable Trust
The Great Dixter CharitabSe Trust
The Grange Centre
The Meeting Room
Umbrella Centre
What on Earth Foundation
Wokingham Vineyard
Other < £1,000
7,100
1,000
3,440
1,000
2,000
10,000
2, 750
1,000
I,o(10
1,000
1,500
1,000
2,500
3,000
2,000
3,500
4,500
5,000
1,500
1,000
1.500
1.000
2.500
3,000
2,0(A)
8,200
1,500
1,009
4, 600
4.600
1,000
3,500
8,000
4,000
1,000
4,000
1,000
5,000
5.000
500
1.oc
1.2(10
6.3(
2,Ot)O
1,000
8, 750
I,ooo
10,QOO
1,500
10,875
1,000
8,750
1,000
12,000
2,000
9,650
Total
98,440
98,275
Page11

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
GRANTS TO INDIVIDUALS
2022
2021
Linda Thorn
Mary Morgam
Sophie Van Walwyk
Other < £1,000
1,200
1,500
1,000
1,650
1,2(10
1,000
1,000
1,400
Total
5,350
4, 600
GOVERNANCE COSTS
Unrestricted
funds
2022
Tol81
funds
2021
Audit fee
Accountancy
2,400
8,040
2,280
7,920
10,440
10,200
AUDITORS. REMUNERATION
The Independent Examinerfs remuneration amounts lo an Independent Examination fee of £2,400 {2021
£2,280>.
FIXED ASSET INVESTMENTS
Listed
securities
Market value
At 6 April 2021
Addition5
Disposals
3,582,425
616,777
1260,387)
At 5 April 2022
3,938,815
Page 12

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
FIXED ASSET INVESTMENTS {contlnuedl
Material investments
At 5th April 2021 the fund held in the following investments which individually represented at least 50/0 of
the total market value of the investments
5 April
2022
5 April
2021
Royal Dutch Shell Ordinary B EO.07
Rio Tinto Ordinary 0.1 Op
Bankers Investment Trust 25p
JP Morgan Asian IT 25p
220,584
244,800
219.200
191.475
202.400
465,384
613.075
CREDITORS: Amounts falling due withln one year
2022
202Y
Accruals and deferred income
4,500
6,000
Page 13

THE ELAINE & ANGUS LLOYD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
ENDOWED FUNDS: MOVEMENT IN THE YEAR
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
6 April 2019
Gainsl Balance at
{Lossesl 5 April 2022
Income Expenditure
Unrestrlcted funds
General Funds all funds
Other General funds
3.950,015
1180,9941
320,991
4,271,006
1168,7661
138,342
1126,1141
3.769,021
138,342
1126,1141
320,991
4,102,240
STATEMENT OF FUNDS- PRIOR YEAR
Balance al
6 April 2020
Gain￿ BalanGe at 5
(Losses) April 2021
Income Expgndilure
General Funds - all funds
3, 100.376
849,639
3,950,015
Total of funds
3, 100,376
849,639
3,950,015
Page 14