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2021-01-31-accounts

Page
Legalandadministrativeinformation 1
Trustees'report 2-4
Independentexaminer'sreport 5
Statementoffinancialactivities i
Statementoffinancialposition 7
Statementofcashflows 8
Notestotheaccounts 9-15
Investment schedule 16-28

2021 2020
Notes £ £
income
Investmentincome 3 38,634 52,933
Otherincome 4 80 108
Totalincome 38,714 53,041
Expenditure
Charitableactivities 5 80,061 85,491
Totalresourcesexpended 80,081 85,491
Netincomebeforeinvestment(iosses)/gains (41,34?) (32,450)
Net(losses)Zgainsoninvestments 9 52,250 179,340
NetmovementInfunds 10,903 146,890
Fund balancesat1February2020 2,188,49? 2,021.607
Fundbalancesat31January2021 2,179,400 2,168,497

2021 2020
Notes £ £ £ £
Fixedassets
Investments 10 2,133,618 2,094,853
Currentassets
Debtors 11 224 3,988
Cashatbankandinhand 58,718 71,218
58,942 75,204
Creditors:amountsfallingduewithin 12
oneyear (11,160) (1,560)
Netcurrentassets 48,782 73,844
Totalassetslesscurrentliabilities 2,179,400 2,188,497
Incomefunds
Unrestrictedfunds 2,179,400 2,188,497
2,179,400 2,188,497

2021 2020
Notes £ £ £ £
Cashflowsfromoperatingactivities
Cashabsorbedbyoperations 14 (70,481) (94,743)
Investingactivities
Purchaseofinvestments (470,305) (208,902)
Proceedsondisposalofotherinvestments 452,384 319,854
Dividendsandinterestreceivedfrominvestments 42,478 52,593
Netcashgeneratedfrominvesting
activities 24,537 163,345
Net(decreasej/increaseincashandcash
equivalents (45,924) 68,802
Cashandcashequivalentsatbeginningof year 174,490 105,888
Cashandcashequivalentsatendof 15
year 128,588 174,490

2021 2020
£ £
Incomefromlistedinvestments 28,514 32,958
Foreignincome 9,638 13,680
Fixedinterest 8,246 5,975
Accruedinterest (2,013) 340
Write offtaxrecoverable (1J51) -
38,634 52,933
4 Otherincome
2021 2020
£ £
Bankinterest 80 108

2021 2020
£ £
Grantfundingofactivities(seenote6) 58,450 61,450
Shareofsupportcosts(seenote7) 12,158 12,621
Shareofgovernancecosts(seenote7} 11,455 11,420
80,081 85,491
Grantspayable
2021 2020
£ £
Animal 2,500 1,500
Cancer&Hospices 11,500 11,500
Military&Disabled 6,000 4,500
Religious&Community 10,700 21,200
Health&Disability 23,750 '20,750
General 2,000 2,000
56,450 61,450
Supportcosts
Support Governance 2021 2020 Basisof
costs
costs
allocation
£
£
£ £
Investmentmanagementfees 12,156
-
12,156 12,621
Management andadministrationfees - 9,600 9,600 9,600 Governance
Independentexaminer'sfee - 1,560 1,560 1,620 Governance
Trustees'meetingexpenses - 295 295 200 Governance
12,156
11,455
23,611 24,041

2021 2020
£ £
Unrealisedgain 98,881 179,158
<Loss)/ga»r»onsaleofinvestments (46,631) 182
52,250 179,340

Listed Cashin Total
investments portfolio
£ £ £
Costorvaluation
At31January2020 1,991,579 103,274 2,094,853
Additions 470,305 . 470,305
Unrealisedgain 98,881 . 98,881
Realisedgain (46.631) - (46,631)
Cashinvested - (31,426) (31,428)
Disposals (452,364) - (452,364)
At31January2021 2,061,770 71,848 2,133,618
Investment Units MarketValue
%ofTotal
Market
£ Value
IsharesPicS&P500Shares 4,300 116,713 5.66%
PolarCapitalFundGlobalTechnologyIinc 34,000 105,904 5.14%
2021 2020
£ £
Listedinvestments 2.061.770 1,991,579
Cashininvestmentportfolio 71,848 103,274
2,133,618 2,094,853
Historiccostofinvestments 1,420,814 1.364,957

Debtors:amountsfallingduewithinoneyear
2021 2020
£ £
Taxrefundon unittrustinterestdividends - 1,751
Prepaymentsandaccruedincome 224 2,237
224 3,988
Creditors:amountsfallingduewithinoneyear
2021 2020
£ £
Managementandadministrationfee 9,800 -
Independentexaminer'sfee 1,580 1,580
11,160 1,580

Cashgeneratedfromoperations
2021 2020
£ £
Surplusfortheyear 10,903 148,890
Adjustments for:
Investmentincomerecognisedinprofitorloss (40,485) (52,933)
(Loss)/gainondisposalofinvestments 48,831 (182)
Unrealised(loss)/gain (98,881) (179,158)
Movementsin workingcapital:
Decreaseindebtors 1,751 -
(Decrease)/increaseincreditors 9,600 (9,360)
Cashabsorbedbyoperations (70,461) (94,743)

15 Cashandcashequivalents
2021 2020
£ £
Cashatbank andinhand 56,718 71,216
Cashinvested 71,848 103,274
128,588 174,490
Donationsmadeduringtheyear
2021 2020
£ £
AllSaint'sChurch,Fulham 2,000 2.000
BLESMA,TheLimblessVeterans 3,000 3,000
CombatStress 1,000 -
Crohn'sinChildhoodResearchAssociation 750 750
Crosslight 500 -
DorothyHouseHospice 500 500
GlassDoor 1,000 1,000
Growfor Life 1,000 -
FriendsoftheElderly 3,000 3,000
HalowProject 500 500
Helen&Douglas House 1,000 1,000
HookChurch 1,000 1,000
HuntStaffBenefitSociety 1,000 1,000
Jamie'sFarm 1,000 1,000
MacmillanCancerSupport 1,500 1,500
MotorNeuroneDiseaseAssociation 10.000 10,000
PCCofKingstonlisle 1,000 1,000
PDSA 1,000 .
QueenElizabethFoundation 1,000 1,000
QueenMother'sClothingGuild 1,000 1,000
RainbowTrust 1,000 500
RoyalMarsdenCancerCharity-TheOakCentre 1,500 1,500
SHOUT 2,000 .
StableLife - 10,000
StAndrew'sChurchNorthKilworth 1,200 1.200
StGeorge'sChurch . 1.500
StMichael'sHospice 2,000 2,000
StRichard'sHospice 2.00Q 2,000
SurvivorsTrust 2,000 2,000
TheCureParkinson'sTrust 5.000 5,000
TheIrishDraughtHorseSociety 1,500 1.500
TheMacular Society 5.000 5,000
TheMannaSociety 500 -
56,450 61,450

Holding MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValue NetIncome
1 February 1February Quantity Cost Quantity Proceeds ProM(lossS Profit/floss) 31January 31January
2020 2020 2021 2021
£ £
AberdeenStandardFundManagersLtd
AsiaPacificEquityIAcc
3,800 11.828 111 3,800 13,1.22 1,294 (111) 111
AberforthSmallerCompaniesTrust
Ordinary1p
2,900 41,702 118
838
(7,192) 2,900 34,610 302
ArtemisFundManagers
CorporateBond FGBPDis
28.000 29.986 114
(68) 1,151 28,000
31,069
194
AspectCapital
DiversifiedTrendsInstlP
286 35,753 286 35,068 (685)
AssociatedBritishFoods
Ordinary5i5/22p
1,000 28,260 500 10,110 (4,615) 1,500 31,755
Aviva
5.90210%FrnSubPerpGBP(var)Regs
30,000 30,585 30,000 30,000 (565) 1,771
BaringsUmbrellaFdPic
EmgMWsDebtBidTotRtnTrAGBPDis
480 54,476 47 480 54,523

Holding MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValue NetIncome
1February 1February Quantity Cost Quantity Proceeds Profitless! Profit/floss) 31January 31January
2020 2020 2021 2021
£ £ £ £ £ £ £ £
BHGlobalLtd
NPVSterlingshares
2,152 33,033 8,501 2,152
41,534
BHPGroupPic
OrdinaryUSD0.50
1,100
18,258
546
3,869 1,100 22,127 483
BluebayFundsManagementCompanySa
GlobalHighYieldBondGGBPDis
582 56,844 582 52,960 (2,884)
BMWFinanceNV
1.875%GtdSnr29/06/2020
30,000
30,115
30,000 30,000 (115) 563
Bunzlpic
Ordinary321/7pshares
1,500 10,478 53?
15,772 1,500 35,250 23?
BUPAFinancepic
6,125%16/09/2049
27,000
27,574
27,000 27,000 (574) 1,654
CGPortfolioFund
RealReturn'A'
315
62,376
2,101 315 64,477 1,050

Holding MarketValue Additions Realised Unrealised Holding MarketValue NetIncome
1February 1February Quantity Cost Quantity Proceeds Profit/floss) Profitless) 31January 31January
2020 2020 2021 2021
£ £ £ £ £ £
CGPortfolioFundPic
AbsoluteReturnMGBP
240 30,197 (180) 1,589 240
31,606
243
ClinigenGroupPic
OrdinaryGBPC001
2,300 22,28? 2,300 16,712 (5,575)
CompassGroupPic
OrdinaryGBF0.11QS
2,500 46,925 2,500 23,340 (17,585) 073
CooplandCardiffFunds
JpnInc&GthFoundInc(GBP)
2.700 48,324 2,700 41,047 (7,877) 802
CouplandCardiffFunds
JapanAlphaTGBPtec
2,500 31,003 3,047 2,500
34,050
CrodaInternational
OrdinaryGBPC.10609756
410 26.27S (502) 410 25,773
Diageo
Ordinary28.93518Sp
1,350 40,835 370
(823) 1,350 39,812 573

Holding MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValue NetIncome
1February 1February Quantity Cost Quantity Proceeds Profit/floss) Profitf(toss) 31January 31January
2020 2020 2021 2021
£ £ £ £ £ £ £ £
ETFSHedgedMetalSecLtd
DailyHgdPhysicalGold(GBP)
10,000 88,612 12,888 10,000
101,500
FilInvestmentServiees(Uk)lirnited
InstitutionalEmergingMarketsWAccNav
23,000 39,971 10,353 23,000 50,324
FindlayParkFundsPLC
AmericanGBPHedgeddis
1,100 79,266 8,052 1,100 87,318
FirstSentierIrivrs(Uk)FdsLtd
StewartInvrs GblEmgVktsLdrsBGBP
ChangedfromStewartInvestorsGlobalEmergingMktsLeadersCls'b1Navon22/09/2020
5,600 32,313 122 5,600 29,100 (3,335) 122
HidInfrastructurePic
OrdinaryGBP0.0001
9,786 17,364 133
68
79
123
113
89
82
(293) 8,766 17,071 119

Holding MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValua NetIncome
1 February 1February Quantity Cost Quantity Proceeds ProfWjIoss} Profit/(loss) 31January 31January
2020 2020 2021 2021
£ £ £ £ £ £ £
HighbridgeMulti-Strategy
CashExitEntitlement
21,422 6,212 1,350 1,350
40? 40?
835 835 (2,592) 21,422 3,620
HSBCHoldings
OrdinaryUSS0,S0(UKReg)
4,818 26,575 4,816 26,059 (518)
ImpaxEnvironmentalMarkets
OrdinaryI0p
16,000 52,800 480
20,880 16,000
73,880
208
IntertekTesting
OrdinaryGBP0.01
900 51,840 844
(2,178) 900
49,662
308
Ishares
IsharesS&P500Nav(GBP)
4,300 87,783 418
382
28,930 4,300 116,713 373

Holding MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValue NetIncome
1February 1February Quantity Cost Quantity Proceeds Proftt/(losa) Profit/floss) 31January 31January
2020 2020 2021 '
2021
£ £
JpmorganFundsLtd
USEquityIncKGBPNetIncUnhdg
40,469 50,181 293
283
283
(1,821) 40,469 48,360 259
JupiterUnitTrustManagers
JapanIncome_2_GBPDis
41,000 41,664 233
(2S2) 3,896 41,000
45,288
Legal&GeneralGroup
Ordinary25p
10,000 30,550 1,264
(6,150) 10,000 24,400 493
teggMasonGlobalAssetManagement
USEquityIncomeIInc
23,000
80,904
273
328
285
(1,173) 23,000 59,731 307
LinkFundSolutionsLtd
CfRufferTotalReturnIInc
12,000
38,871
210
4,812 12,000
41,883
138

Holding MarketValue MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValue NetIncome
1February 1 February Quantity Cost Quantity Proceeds Profit/floss) Profit/(ioss) 31January 31January
2020 2020 2021 2021
LloydsBankingGroup
OrdinarylOp
33,000 21,580 51,000 18,054 (10,264) 89,000
29,370
M&Gpic
5pOrdinaryShares
1,750 4,204 1,750 2,051 (2,153) 67
209
M&GSecuritiesLimited
GlobalMacroBondJGBPDisLrhedged
27,000 30,897 54
(83) (1,172) 27,000 29,662
MaitlandinstitutionalServicesLtd
MiSomersetErrtgMktsDivdGwthAShs Dis
19,000 26,580 19,000 23,040 (3,520) 171
Mercantile InvestmentTstPlc(The)
OrdinaryGBPC025
23,000 60,030 311
587
311
(6,900) 23,000 53,130 311
NationalGrid
OrdinaryG8P0.12431289
3,000 28,443 960
(2,943) 3,000 25,500 510

Holding MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValue NetIncome
1February 1February Quantity Cost Quantity Proceeds Profitless) Profitffloss) 31January 31January
2020 2020 2021 2021
£ £
PolarCapitalFund
GlobalTechnologyfundI(GBP)
1,600 71,072 34,832 1,600 105,904
PolarCapitalFunds
HealthcareCppsISterlingShareIncNav
800 32,840 5,392 800 38,232
Prudential
OrdinarySp
1,750 23,860 365
(3,141) 1,750
20,519
73
RelxPic
GBP01444
1,500 30,195 482
(3,007) 1,500 27,188 204
Renewable®infrastructureGRP
NPVOrdinaryshares
27,777 36,610 481
469
489
(1,333) 27,777 35,277 469
RentokiiInitial
Ordinary1p
12,000 56,040 390C 19,857 1,644 2,478 8,100 40,306

Holding MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValue NetIncome
1 February 1February Quantity Cost Quantity Proceeds Profit/floss) Profit/doss) 31January 31January
2020 2020 2021 2021
£ £ £ £ £ £ £ £
RioTinto
Ordinary10p<Registered)
533 21,768 948
8,021 533 29,789 638
RocheHoldingsAg
GenussoheineNoParValue
180 45,915 (656) 180
45,259
910
RoyalDutchShell
*B'SharesEUR0.07
3,310 66,200 1,205
420
400
(24,090) 3,310
42,110
413
SageGroup
Ordinary1.051948p
6,000 44,304 6,000 38,010 {8,294} 667
350
SchroderOrientalIncomeFund
CrdG8PC01
17,600 41.475 333
333
333
5,075 17,500
46,550
805

Holding MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValue NetIncome
1February 1February Quantity Coat Quantity Proceeds Profit/(loss) Profit/floss) 31January 31January
2020 2020 2021 2021
£ e
SchroderUnitTrusts
AsianIncomeLInc
38,000 25,198 516
3,96? 38,000 29,165 501
Smith&Nephew
OrdinaryUS$0.20
2,000 21,695 373
9,135 2,000 30,830 221
Tesco
Ordinary5p
11,000 27,159 715
(825) 11,000 26,334 352
ThesisUnitTrustManagementltd
TmCruxEuropeanSpecialSitsIGBPDis
22,250
50,114
231
1,025 22,250 51,139 344
Treasury
21/2%MStk2024
13,000
47,085
484
(754) 13,000 46,311 486
Treasury
21/2%l/iStk2020GBP
8,000
28,230
8,000 28,127 (103) 352

Holding MarketValue Additions Disposals Disposals Realised Unrealised Holding MarketValue NetIncome
1February 1February Quantity Cost Quantity Proceeds Profitless) Profit/floss) 31January 31January
2C20 2020 2021 2021
£ £ £ £ £ £ £ £
TreasuryStock
1875%Indexlinked22/11/2022
26,000 41,502 34?
{715} 26,000 40,787 348
TwentyfourGlobalInvestmentFunds
CorporateBondIGBPDis
300 30,911 180
(71) 978 300
31,818
Unilever
Ordinary31/9p
1,0(30 45,335 347
361
370
(2,935) 1,000
42,400
375
VodafbneGroup
OrdinaryUS$0.2095238
10,909 16,287 414
(2,668) 10,909 13,819 445
VonoviaSe
NPVshares
750 32,472 200 10,279 1,620 2,950 550 26,763 1,064
TOTAL: 1,991,579 470,305 452,364 (46,631) 110,889 2,073,778 42,401