THE SAMUEL SMITH'S AND SPENCER'S CHARITIES For the year ended 31 December 2022 Accoumrs Registered Charity No. 240936 ## ## ## ## ## ## ## ## ## ## ## ## ## |||Page| |---|---|---| |Annual
Report of the Trustees||1-2| |Independent
Examiner's|Report|| |Statement
of Financial|Activities|| |Balance Sheet||| |Notes on Accounts||6-]0| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |For the year ended|31|December 20|22||||||| |---|---|---|---|---|---|---|---|---|---| |||||Accumulated|||Endow-||| |||||Income|Designated||ment|Total|Total| ||||Notes|fund|fund||fund|2022|2021| ||||||||K||E| |Income and endowments|||||||||| |Income from Investments||||57,215||||57,215|53,533| |Rental income||||2,013||||2,013|1,297| |interest receivable||||490||||490|477| |Other income|||||||||| |Total incoming
resources||||59,718||||59,718|55,307| |Other expenditure|||||||||| |Fundraising
costs|||||||||| |Cost of generating
funds|||||||||| |Stockbrokers
fees|||||2,418||11,904|14,322|14,663| |Charitable
expenditure|||||||||| |Pensions||||24,580||||24,580|22,245| |Other charitable
gifts||||11,840||||11,840|6,780| |Support costs||||16,248||||16,248|15,287| |Charitable
activities||||2,319||||2,319|2 148| |Total resources expended||||54,987|2,418||11,904|69,309|61,123| |Net income/(expenditure)|||||||||| |before other recognised|gains and losses|||4,731|(2,418)||(11,904)|(9,591)|(5,816)| |Profit/(loss)
on investment
Realised
Unrealised||assets|||(32,430)
~5,633||(145,676)
~2B,639|(178,106)
~32,272|42,628
177,014| |Net movement
in funds||||4,731|(40,481)||(184,219)|(219,969)|213,826| |Balance at 1 January 2022||||161,035|328,7|I0|1,780,833|2,270,578|2,056,752| |Balance at 31 December|2022|||165,766|288,229||1,596,6 I4|2,050,609|2,270,578| ## ## |||Notes||2022|||2021|| |---|---|---|---|---|---|---|---|---| |Fixed assets||||||||| |Tangible
fixed assets|||||80,158|||80,158| |Investments|||||1,935,111|||2,159,622| ||||||2,015,269|||2,239,780| |Current assets||||||||| |Cash at bank and in|hand||40,743|||35,938||| ||||40,743|||35,938||| |Creditors:
amounts|falling|||||||| |due within one year|||(5,403)|||(5,140)||| |Net current assets|||||35,340|||30,798| |Total assets less current||||||||| |liabilities
being total|net assets||||2,050,609|||2,270,578| |Endowment
fund|||||1,596,614|||1,780,833| |Unrestricted
funds||||||||| |Accumulated
income fund|||||I65,766|||161,035| |Designated
fund|||||288,229|||328,710| ||||||2,050,609|||2,270,578| ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||||2|| ||Other charitable||gifts|||| ||May gifts||||2,420|1,800| ||Cash payments||in lieu of coal||6,580|2,640| ||Christmas|gifts to pensioners|||2,160|1,720| ||Bibles||||180|180| ||Relief in Need||||500|440| ||||||11,840|6,780| ||Support costs|||||| ||Clerk||||8,820|8,250| ||Almoner||||3,960|3,650| ||IT capital costs &support||||I,440|1,320| ||Insurance||||662|654| ||Postage and poundage||||495|503| ||Stationery|and sundries|||758|46| ||Bank fees||||113|| ||Repairs|||||864| ||||||16,248|15,287| |3|Charitable|activities||||| ||Independent|examiners'||fee|2,3 I9|2,148| ## ## ||Freehold
land at Dugglns
Lane, Tile Hill, Coventry||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||Cost||||||||80,158|80,158|| |The charity purchased
the freehold
land on 29June 1995and|||in the opinion|||of the|trustees|Its current|||| |market|value is not materially
different from the amount reflected|||in the|accounts.||||||| |6|Fixed asset invesments||||||||||| |||||||||||2022|2021| ||Quoted investments||||||||||| ||Market value at 1 January 2022|||||||||2,159,622|1,953,893| ||Purchases
at cost|||||||||2, 'I 62,861|271,147| ||Disposals
at market value
b/fwd|||||||||(2,360,122)|(224,948)| ||(Decrease)/Increase
in cash awaiting
investment
Unrealised
gain/ (loss) in the year|||||||||5,022
~32,272|(17,484)
177,014| ||Market value at 31 December 2022|||||||||1,935,1 I1|2,159,622| ||Historical cost at 31 December 2022|||||||||1,949,234|1,699,657| ||||||||2022|||2021|| ||||||||Market|||Market|| ||Endowment
fund||||||value||Cost|value|Cost| ||nil (1185)
903
31 Group ord 0.738636
COIF Income shares||||||16,406||1,786|17,171
18,565|11,24 I
1,786| ||nil (35)
nil (263)
nil (68,650)
nil (320)
nil (304)
nil (28,462)
nil (5,703)
nil 20625
Aberforth
Unit Trust Managers
Ashtead
Group
Assura
ord 0.10
AstraZeneca
Aveva Group ord 0.03556
Bailie Gifford &Co Japanese
Barclays PLC
BBGISICAV S.A. ord NPV|UK Small Co.
Income
W4||||||||9,735
15,627
47,918
27,770
10,348
42,778
10,665
36,218|7,950
6,298
42,147
11,355
10,740
40,790
11,018
28,003| ||nil (1,147)
nil (5825)
nil (41,270)
nil (155)
nil (519)
nil (27910)
nil (25897)
nil (435)
nil (34,860)
nil (12,121)
nil (4987)
nil (995)
nil (548)
nil (20,120)
nil (692)
BHP
B P ord USD 0.25
Blackrock Continental
European
Income D
British American Tobacco
Diageo ord 0.28
Doric Nimrod
Air One Ltd ord Pref
European
Fund - Alliance Bernstein
Experian
Fidelity UCITS Icav US Quality Income E
FIL Investment
Services
Franklin
Templeton
Fund Mgt - Emrging
Mkts
GlaxoSmithKIine
Halma
Henderson
Investment
Funds
Ltd European
S1
Henderson
Investment
Funds|||||||||25,228
19,252
79,424
4,237
20,947
8,233
31,413
15,799
239,445
18,047
9,514
15,986
17,536
26,236
9,467|22,175
30,991
61,089
4,258
10,064
27,840
26,621
4,997
198,652
11,395
6,858
13,361
7,732
25,230
5,529| ||Balance c/fwd to page 9||||||16,406||1,786|777,559|628,120| ## ## ## |Fixed asset|investments
(continued)|||||| |---|---|---|---|---|---|---| ||||2022||2021|| ||||Market||Market|| ||||Value|Cost|Value|Cost| |Endowment|fund (continued)||2|||| |Balance b/fwd|from page 8||16,406|1,786|777,559|628,120| |nil (26231)
nil (23,352)|Hermes
Investment
Fund
International
Public Partner ord 0.0001||||27,692
43,098|27,285
38,593| |nil (18677)
nil (26400)
nil (3930)
nil (21,110)
nil (103)
nil (2810)
nil (3754)
nil (1025)
nlf (240)
nil (3887)
nil (3800)
nil (975)|JP Morgan American
Investment
Trust 0.05
JP Morgan Asset Mngmnt
Emerging
Mkts C
Legal and General
Group ord 0.025
Lloyds Banking Group ord 0.1
London Stock Exchange Group ord
Matthews
Asia SICAV Asia exJapan
Div S
M&G Pic ord 0.05
National
Grid
Ocado Group
Pimco Gbl Invrs Gbl Inv Grad Cred Hgd instl
Polar Capital
Funds A&A Intel S
Prudential
0.05||||143,253
51,348
11,692
10,09 I
7, I38
41,953
7,489
10,863
4,027
52,980
59,242
12,426|78,444
42,659
5,890
11,597
4,860
28,044
7,578
9,505
5,366
52,925
35,492
10,094| |1,530,000 (nil)
nil (575)
nil (2315)
nil (38015)
nil (972)
nil (344)
nil (1449)
nil (2,217)
nil (149)
nil (451)
nil (25784)
nil (16411)
nil (22772)|Quilter Invrs Charity
Auth
Inv Fds QC Global
Reed Elsiver
Royal Dutch Shell "B"
Royal London
Unit Trust Managers
Inc Z
Sands Capital Funds
Schroder
Inv Mgmt
Segro ord 0.10
Smith (DS) ord 0.10
Sparx Funds pic
Unilever
ord 0.031111
UK Govt 4.5%Snr Bnds 07/12/2042
UK Govt 1,5% Gilt Bds 22/07/2047
UK Govt 0.125%Gilt Bds 07/09/2036|Ir|1,559,070|1,583,550|13,812
37,559
54,666
46,014
62,357
20,815
8,509
19,569
17,794
41,716
17,599
41,657|8,018
23,266
53,824
34,224
43,293
3,733
6,841
17,900
I I,905
40,152
20,289
35,820| |nil (426)
nil (282)
nil (415)
nil (350)|Vanguard
Funds FTSE250 UCITS ETF
Vontobel Asset Management
Vulcan Global Value Fund
Whitbread
ord GBP0.76797385
Cash awaiting
investment||17,160|17,160,|15,477
31,138
58, I87
10,483
6,376|12,871
30,954
40,653
11,670
6,376| ||Total||1,592,636|1,602,496|1,764,579|1,388,241| ## ## ## ## |Fixed ass|et investm|ents
(continued)|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||2022||2021|| |||||||||Market||Market|| |Designated
fund - Reserve fund||||||||Value|Cost|Value|Cost| |||||||||2|2|6|9| ||nil (82)
nil (670)|Astrazeneca
ord
British American|USD0.25
Tobacco o|||0.25||||7,116
18,314|5,867
8,593| |11,534|(23,068)|Charities
Property|Fund|Inc||||16,830|14,996|31,642|29,991| ||nil (533)
nil (770)|Compass
Group ord 0.1105
intermediate
Capital Group ord||||||||8,800
16,894|4,339
9,112| ||nil (23)|London Stock Exchange||Group o||||||1,594|1,085| |nil (1490)||M&G ord 0.05||||||||2,973|3,275| |30,742|(30,742)|Mayfair Capital
Investment||||Prop||26,063|28,000|28,546|28,000| |nil (4495)||NB Private
Equity|Ptnrs class A|||||||83,158|46,682| ||nil (538)|Persimmon
ord 0.10||||||||15,365|8,139| |260,000 (nil)||Quilter
Invrs Charity
Auth|||Inv Fds||0|264,940|269,100||| ||nil (190)|Renlshaw
ord GBP0.20||||||||9,082|10,711| ||nil (440)|Rio Tinto||||||||21,525|19,873| |nil (1150)||Sands Capital F Emrging|||Mkts A|||||27,244|18,768| ||nil (705)|Smith Group ord|0.375|||||||11,135|7,802| ||nil (240)|Vanguard
lnv Grd Bond||Idx||ETF||||26,892|27,064| |nil|(41,456)|VH Gbl Sustainable
Energy||||Qpps|F|||44,358|41,710| |||Cash awaiting
investment||||||34,642|34,642|40,405|40,405| |Total||||||||342,475|346,738|395,043|311,416| |Total|fixed asset investments|||||||1,935,111|1,949,234|2,159,622|1,699,657| |Analysis|ofassets|between funds|||||||||| |||||||||Accumulated|||| |||||||||income|Designated|Endowment|Total| |||||||||fund|fund|fund|funds| ||||||||||6|2|f| |Fund|balances|at 31 December 2022|||||||||| |are represented||by:|||||||||| |Tangible
fixed assets||||||||||80,158|80,158| |Investments|||||||||342,475|1,592,636|1,935,111| |Net current
assets/(liabilities)||||||||165,766|(54,246)|(76,180)|35,340| |Total|net assets|||||||165,766|288,229|1,596,614|2,050,609|