2022-06-30-accounts - Estate Charity Of Alice,duchess Dudley

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

TRUSTEES			APPOINTED
	H L Gray-Cheape	Esq JP DL	1986
	J Rigg Esq Mrs J Bird		1994 1997
	C P Stratton Esq	FRICS MRTPI	2002
	D J Barnes Esq FCA		2009
	J G Chambers Esq		2013
	C E A Haselwood	Esq FAAV	2015
	R Treverton-Jones	Esq	2018
	The Hon. C A Leigh		2019
	M Throckmorton	Esq	2022
CLERK TO THE TRUSTEES
	Nicholas Barlow BSc(Hons) FRICS FAAV
	Meriden
CHARITY NUMBER	244804
SOLICITORS
	Lodders Solicitors LLP
	Stratford upon Avon
INVESTMENT MANAGERS
	EFG Harris Allday
	Ombersley
BANKERS
	Lloyds Bank pic.
	Stratford upon Avon
ACCOUNTANTS
	H. L. Barnes
	Stratford upon Avon
REGISTERED ADDRESS	Packington Hall
	Packington Park
	Meriden
	CV7 7HF

Vicar of Bidford-on-Avon	9/102
Vicar ofBlakesley	9/102
Poor of Bidford-on-Avon	12/102
Poor of Blakesley	8/102
Poor of Kenilworth	12/102
Poor of Leek Wootton	6/102
Trustees of Leigh Almshouses	24/102
Litchborough Charities	8/102
Poor of Patishall	8/102
Stoneleigh United Charities	6/102

			Notes	Endowment	Unrestricted	Designated	Total	Total
				Fund	Funds	Fund	2022	2021
Income
Investment income					205,669	8,957	214,626	189,526
Total income					205,669	8,957	214,626	189,526
Expenditure
Charitable expenditure:
Grants payable					115,295		115,295	102,980
Costs ofgenerating		funds:
Property costs					43,263		43,263	37,825
Total expenditure					158,558		158,558	140,805
Net income before		gains on
investments					47,111	8,957	56,068	48,721
Gains on investment		property	6	127,750			127,750
Gains/(losses) on	investments		7	(24,822)	(245,926)	(33,396)	(304,144)	278,052
Net income/(expenditure)				102,928	(198,815)	(24,439)	(120,326)	326,773
Transfer between	funds				(5,208)	5,208
Net movement in	funds			102,928	(204,023)	(19,231)	(120,326)	326,773
Reconciliation of	funds
Total funds brought		forward		3,581,599	2,189,668	300,293	6,071,560	5,744,787
Total funds carried		forward	12	E3,684,527	E 1,985,645	E281,062	E 5,951,234	E6,071,560

				Notes	2022	2021
					E
Fixed assets
Investment properties					3,805,725	3,817,975
Investments					1,857,890	2,138,237
Total fixed assets					5,663,615	5,956,212
Current assets
Debtors and prepayments					27,972	21,839
Short term deposits					24,694	6,927
Cash at bank					250,303	101,909
Total current assets					302,969	130,675
Liabilities: amounts	falling	due within one year		10	15,350	15,327
Net current assets					287,619	115,348
Net assets					E5,951,234	E6,071,560
The funds ofthe charity
Endowment funds
Permanent endowment					3,684,527	3,581,599
Unrestricted income funds:
General fund					1,985,645	2,189,668
Designated fund					281,062	300,293
Total charity funds					E 5,951,234	E6,071,560
Approved by the Trustees		on 28 September	2022
and signed on their behalf		by:—
H L GRAY-CHEAPE				.. Trustee

2. INVESTMENT INCOME
		2022		2021
		E		E
Dividends		80,037		61,432
Rents		134,589		128,094
	E	214,626	E	189,526

3.	GRANTS PAYABLE	GRANTS PAYABLE
Distributions			112,200	100,335
Support	and governance	costs	3,095	2,645
			F 115,295	F 102,980

4. PROPERTY COSTS	4. PROPERTY COSTS	4. PROPERTY COSTS
Repairs and	maintenance		14,980	5,724
Insurances			5,687	6,190
Management	fees		15,506	15,180
Professional	fees		4,042	7,433
Empty property costs Support and governance		costs	(47) 3,095	654 2,644
			E43,263	E 37,825

5. SUPPORT AND GOVERNANCE	5. SUPPORT AND GOVERNANCE
Accountancy		5,040		5,040
Country Landowners Association	subscription	257		249
Trustees' meeting expenses		893
		E 6,190	f	5,289

		Permanent	General	Total
		Endowment	Fund
		Fund
Valuation
At 1 July	2021	3,340,750	477,225	3,817,975
Disposal	in year	(12,250)		(12,250)
Revaluations
At 30 June 2022		3,328,500	477,225	3,805,725

7. INVESTMENTS
	Permanent	Building	General	Total	Total
	Endowment	Reserve	Fund	2022	2021
	Fund	Fund
Quoted investments
Market value 1 July 2021 Additions	240,849	276,708 4,070	1,620,680 65,226	2,138,237 69,296	1,791,710 467,345
Disposals Net realised investment			(45,499) (1,205)	(45,499) (1,205)	(398,870) 28,949
gains/(losses) Net unrealised investment	(24,822)	(33,396)	(244,721)	(302,939)	249,103
gains/(losses)
Market value at 30June 2022	f216,027	E247,382	F 1,394,481	E 1,857,890	E2,138,237
Historical cost 30 June 2022	E 153,812	F 243,693	E 1,150,360	E 1,547,865	E 1,522,382

8.	DEBTORS		2022		2021
			E
Prepayments			1,735		1,561
Other	debtors		26,237		20,278
		f	27,972	F	21,839

9. SHORT TERM DEPO	SITS AND CASH A	T BANK
	Permanent	General	Building	Total	Total
	Endowment	Fund	Reserve	2022	2021
	Fund		Fund
Monies held by brokers		15,546	9,148	24,694	6,927
Bank balances	140,000	110,303		250,303	101,909
	2 140,000	2 125,849	F 9,148	E2?4,997	E 108,836

10. L	IAB	ILITIES:amo
				2022		2021
						E
Creditors	and	accruals		15,350		15,327
			F	15,350	F	15,327

Current Year	Current Year		Balances at	Income	Expenditure		Transfers	Gains	Balances
			30June					and	at 30June
			2021					losses	2022
a)	Permanent
	Endowment	Funds	3,581,599					102,928	3,684,527
Unrestricted
	Income funds
b)	General fund		2,189,668	205,669	(158,558)		(5,208)	(245,926)	1,985,645
c)	Designated	fund	300,293	8,957			5,208	(33,396)	281,062
TOTAL CHARITY		FUNDS	E6,071,560	E 214,626	F (158,558)	E		E(176,394)	F 5,951,234
Previous Year			Balances at	Income	Expenditure		Transfers	Gains	Balances at
			30June					and	30June
			2020					losses	2021
a)	Permanent
	Endowment	Funds	3,558,428					23,171	3,581,599
Unrestricted
Income funds
b)	General fund		1,951,942	180,846	(140,805)		(19,214)	216,899	2,189,668
c)	Designated	fund	234,417	8,680			19,214	37,982	300,293
TOTAL CHARITY		FUNDS	F 5,744,787	F 189,526	f (140,805)	F	-	F278,052	F6,071,560

				2022			2021
			Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
			Funds	Fund	Funds	Funds	Fund	Funds
Fund balances at 30June
are represented		by:
Tangible	fixed assets		477,225	3,328,500	3,805,725	477,225	3,340,750	3,817,975
Investments			1,641,863	216,027	1,857,890	1,897,388	240,849	2,138,237
Current	assets		162,969	140,000	302,969	130,675		130,675
Current	liabilities		(15,350)		(15,350)	(15,327)		(15,327)
Total net	assets		E 2,266,707	E3,684,527	E 5,951,234	E2,489,961	E3,581,599	E6,071,560

GENERAL FUND						Holding at 30June 2021	Market value at 30June 2021	Sales in year	Profit/(loss) on sale	Holding at 30June 2022	Market value at 30June 2022	Surplus/ (deficit) on revaluation
National Grid pic
0.12431289p Ordinary shares						2,885shares	26,565			2,885 shares	30,350	3,785
Unilever pic
3 1/9p Ordinary shares Alliance Trust pic						1,040 shares	43,997			1,040 shares	38,698	(5,299)
2.5p Ordinary shares Astrazeneca pic						6,210shares	61,665			6,210shares	56,138	(5,527)
USD 00.25 Ordinary shares Scottish Mortgage Investment		Trust pic				46 shares	3,994			46 shares	4,968	974
25p Ordinary shares Diageo						7,200 shares	95,832			7,200 shares	51,509	(44,323)
28.935p Ordinary shares Blackrock North American	Income Trust pic					1,585shares	54,857			1,585shares	55,958	1,101
1p Ordinary shares Bankers Investment Trust	pic					32,600 shares	60,147			32,600shares	60,962	815
25p Ordinary shares Reckitt Benckiser Group pic						5,200 shares	59,280			5,200 shares	51,428	(7,852)
10p Ordinary shares Sequoia Economic Infrastructure			Income Fund	Ltd		670 shares	42,860			670shares	41,339	(1,521)
Ordinary N.P.V. shares Law Debenture Corp pic						42,000shares	46,704	45,499	(1,205)
Residential Secure Income	pic					7,600shares	57,000			7,600shares	57,760	760
REIT Rio Tinto						50,000shares	53,000			50,000shares	50,250	(2,750)
10p New Ordinary shares Civitas Social Housing pic						686shares	40,810			686 shares	33,727	(7,083)
REIT JPM Global Emerging Markets		Income Trust				40,000shares	46,160			40,000shares	31,440	(14,720)
0.01p Ordinary shares Pennon Group pic						41,000shares	61,500			41,000shares	51,045	(10,455)
40.7p Ordinary shares Sevem Trent pic						3,510shares	39,856			3,510shares	22,289	(17,567)
0.9789p Ordinary shares Baillie Gifford UK Growth FD (Schroder UK Growth					fund)	1,945shares	48,644			1,945shares	52,885	4,241
25p Ordinary shares						26,000shares	61,100			26,000shares	39,260	(21,840)
Carried forward							903,971	45,499	(1,205)		730,006	(127,261)

GENERAL FUND				Holding at 30June	Market value at 30June	Cost in year	Sales in year	Profit/(loss) on sale	Holding at 30June	Market value at 30June	Surplus/ (deficit) on
				2021	2021				2022	2022	revaluation
Brought forward					903,971		45,499	(1,205)		730,006	(127,261)
Fidelity European Values
25p Ordinary shares Bditish Empire Secs &Gen	Trust pic (Avi Global Trust			19,000shares	57,665				19,000shares	53,580	(4,085)
pic)
10p Ordinary shares Primaiy Health Properties	pic			6,500shares	62,985				6,500shares	58,565	(4,420)
12p Ordinary shares HICL Infrastructure Co				21,110shares	32,488				21,110shares	28,773	(3,715)
1p Ordinary shares				10,480 shares	17,376				10,480 shares	18,047	671
Bailie Gifford Corp Bond Inc B
Bailie Gifford Eur Grw Trust (European		Investment	Trust	46,000shares	42,757				46,000 shares	34,909	(7,848)
PLC)
Ishares Core GBP Corp BD UCITS EFT				4,300shares	65,189				4,300shares	34,142	(31,047)
Octopus Renewables Infra	Trust pic			322 shares	49,527				322 shares	41,264	(8,263)
J P Morgan Asian Inv Trust				45,046 shares	47,118				45,046 shares	48,650	1,532
25p Ordinary shares J P Morgan GLBCore Assets Ltd				8,969shares	45,652				8,969shares	33,006	(12,646)
Triple PT Energy EFF Infra				59,000 shares	50,504				59,000 shares	62,540	12,036
25p Ordinary shares Dunedin Inc Grwth Inv Tst				34,478 shares	38,443				34,478 shares	30,772	(7,671)
25p Ordinary shares				13,045 shares	41,092				13,045 shares	35,613	(5,479)
Finsbury Grwth and Inc Tst
25p Ordinary shares JP Morgan China Grwth and Inc				7,000 shares	62,300				7,000shares	53,620	(8,680)
25p Ordinary shares Mercantile Inv Tst PLC				6,250 shares	45,563				6,250 shares	27,000	(18,563)
25p Ordinary shares RM Infrastructure Inc Pic				22,500shares	58,050				22,500 shares	40,230	(17,820)
1p Ordinary shares Standard Life Priv Eq Tst						45,985			50,750shares	46,056	71
						19,241			3,800shares	17,708	(1,533)
					E 1,620,680	665,226	645,499	E (1,205)		6 1,394,481	E (244,721)

BUILDING RESERVE FUND	BUILDING RESERVE FUND		Holding at	Market value	Cost		Sales	Profit/(loss)	Holding at	Market value	Surplus/
			30June	at 30June	in year		in year	on sale	30June	at 30June	(deficit) on
			2021	2021					2022	2022	revaluation
Witan Investment Trust
Sp Ordinary shares HICL Infrastructure Co			5,800shares	14,007					5,800shares	11,948	(2,059)
1p Ordinary shares			6,600shares	10,943	3,140				8,400 shares	14,465	382
Dunedin Income Growth	Investment	Trust
25p Ordinary shares Law Debenture Corp pic			4,600 shares	14,490					4,600 shares	12,558	(1,932)
			1,800shares	13,500					1,800shares	13,680	180
Scottish American Inv. Co
25p Ordinary shares J P Morgan Claverhouse	Inv.		2,800shares	13,748					2,800 shares	12,992	(756)
REITshares Fidelity European Values			12,850shares	13,621					12,850 shares	12,914	(707)
25p Ordinary shares Schroder UK Growth Fund (Baillie Gifford UK Growth FD)			4,000 shares	12,140					4,000shares	11,280	(860)
25p Ordinary shares Scottish Inv Tst Pic			4,500shares	10,575					4,500shares	6,795	(3,780)
10p Ordinary shares JP Morgan GLB Emerg Mkts Inc Tst			2,100shares	12,915					2,100shares	10,752	(2,163)
LXI Reit Pic			8,200 shares	12,300					8,200 shares	10,209	(2,091)
1p Ordinary shares Sequoia Economic Infra inc			10,600shares	14,119					10,600shares	15,094	975
Baillie Giff Strat BD FD B Inc			11,500 shares	12,788					11,500 shares	10,580	(2,208)
			8,102.852	7,532					8,102.852	6,149	(1,383)
			shares						shares
Ishares Core GBP Corp BD UCITS ETF
City ofLondon Inv Tst			62 shares	9,536					62shares	7,945	(1,591)
25p Ordinary shares JP Morgan Asian Inv Tst			3,500 shares	13,650					3,500shares	14,018	368
25p Ordinary shares Avi Global Trust pic			2,900shares	14,761					2,900shares	10,672	(4,089)
Edinburgh Worldwide Inv	T		1,500 shares	14,535					1,500shares	13,515	(1,020)
1p Ordinary shares JP Morgan GLB Core Assets Ltd			4,000 shares	14,320					4,000shares	6,952	(7,368)
			9,400 shares	8,046	930				10,400 shares	11,024	2,048
North American Inc Tst
5p Ordinary shares Bankers Investment Trust			5,000shares	14,000					5,000shares	14,200	200
25p Ordinary shares Mercantile Inv Tst PLC			11,000shares	12,540					11,000shares	10,879	(1,661)
25p Ordinary shares			4,900shares	12,642					4,900shares	8,761	(3,881)
				E 276,708	64 070	E				E247,382	F(33,396)

PERMANENT ENDOWMENT	PERMANENT ENDOWMENT	Holding at	Market value		Cost	Sales	Profit/(loss)	Holding at	Market value	Surplus/
		30June	at 30June		in year	in year	on sale	30June	at 30June	(deficit) on
		2021	2021					2022	2022	revaluation
Primary Health Properties	pic
12.5p Ordinary shares Astrazeneca pic		18,890shares	29,072					18,890shares	25,747	(3,325)
USD 0.25 shares		534 shares	46,367					534 shares	57,672	11,305
Monks Investment Trust
5p Ordinary shares HICL Infrastructure Co.		4,900shares	67,228					4,900shares	45,570	(21,658)
1p Ordinary shares J P Morgan Asian Inv Trust		21,520 shares	35,680					21,520 shares	37,057	1,377
25p Ordinary shares Triple PT Energy EFF Infra		4,031 shares	20,518					4,031 shares	14,834	(5,684)
1p Ordinary shares Dunedin Inc Grwth Inv Tst		15,522 shares	17,307					15,522 shares	13,853	(3,454)
25p Ordinary shares Ishares Core GBP Corp BD UCITS EFT		6,955shares	21,908					6,955shares	18,987	(2,921)
		18shares	2,769					18shares	2,307	(462)
			8240,849	E					8216,027	8(24,822)
TOTALS			5 2,138,237	E	69,296	E45499	E (1 205)		E 1,857,890	~ (302,939)