ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
REGISTERED CHARITY NUMBER 244804
H. L. BARNES
─────────────────────────────────
C H A R T E R E D A C C O U N T A N T S
STRATFORD-UPON-AVON
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
| I N D E X | |||
|---|---|---|---|
| 1 | Trustees and advisers | ||
| 2 | - | 4 | Trustees’ annual report |
| 5 | Independent examiner’s report | ||
| 6 | Statement of financial activities | ||
| 7 | Balance sheet | ||
| 8 | - | 13 | Notes to the accounts |
| 14 | - | 17 | Schedule of investment transactions |
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
TRUSTEES AND ADVISERS
| TRUSTEES | APPOINTED | |
|---|---|---|
| H L Gray-Cheape Esq JP DL | 1986 | |
| J Rigg Esq (resigned 27 September 2023) | 1994 | |
| Mrs J Bird | 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 | |
| B Green (appointed 13 March 2024) | 2024 | |
| CLERK TO THE TRUSTEES | ||
| Nicholas Barlow BSc(Hons) FRICS FAAV | ||
| Balsall Common | ||
| CHARITY NUMBER | 244804 | |
| SOLICITORS | ||
| Lodders Solicitors LLP | ||
| Stratford upon Avon | ||
| INVESTMENT MANAGERS | ||
| EFG Harris Allday | ||
| Ombersley | ||
| BANKERS | ||
| Lloyds Bank plc. | ||
| Stratford upon Avon | ||
| ACCOUNTANTS | ||
| H. L. Barnes | ||
| Stratford upon Avon | ||
| REGISTERED ADDRESS | Oaklands Farm | |
| Balsall Street | ||
| Balsall Common | ||
| Nr Coventry | ||
| West Midlands | ||
| CV7 7AQ |
1
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
TRUSTEES’ ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their report along with the financial statements of the Charity for the year ended 30 June 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the Charity’s Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Structure, governance and management
The Estate Charity of Alice, Duchess Dudley is regulated by a scheme of the Charity Commissioners of 13 June 1879, as varied by a scheme of the Charity Commissioners of 6 January 1885 and is now governed by a Charity Commission Scheme dated 11 January 1962. The Registered Charity number is 244804.
The Charity was established from a bequest by Alice, Duchess Dudley on her death in 1669 (355 years ago). The funds have been added to over the course of time with the purchase of property and investments. The Charity does not actively fundraise and seeks to continue its work through careful stewardship of its existing resources.
The Trust Deed states the body of trustees shall consist when complete of 10 competent persons who reside in or near the County of Warwick or the County of Northampton. A trustee shall be appointed for a term of 5 years by a resolution of the trustees passed at a special meeting. Thereafter a trustee may be reappointed. The induction process for any newly appointed trustee comprises a meeting with the Chairman and the Board at which the powers and responsibilities of the Board are outlined and a brief history of the Trust is given.
The trustees are required to hold at least two ordinary meetings in each year. Committees meet as required and report to the full board of trustees. The day to day administration of the Charity is handled by the Clerk to the Trustees.
Each year 15% of the rents are transferable to a Building Reserve Fund. Withdrawals from this can be made for the repair, extraordinary repair, improvement and re-building of the property owned by the Charity.
Risk management
The Charity trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.
Continued …
2
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
TRUSTEES’ ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2024
Objectives and activities
The object of the Charity is to distribute excess income between 2 individuals and 8 other organisations in varying proportions for relief of poverty and religious activities, as set out in the Trust Deed. The beneficiaries are as follows :-
| es are as follows :- | |
|---|---|
| No. of shares of | |
| distributions | |
| ──────────── | |
| Vicar of Bidford-on-Avon | 9/102 |
| Vicar of Blakesley | 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 |
The trustees have referred to the guidance contained in The Charity Commission’s general guidance on public benefit when reviewing their aims and objectives and in planning for future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set. The Charity’s original Terms and subsequent Schemes and Trust Deed restrict any grant distribution to those specified above and in the stated proportions.
Financial Review including Achievement and Performance
The Trust's income comes from its investments and rents. The total income for the year was £231,051 (2023, £211,416). Expenditure is on the upkeep of the properties and the governance of the Trust. The distributions to the beneficiaries are half-yearly with the total paid for the year being £125,550 (2023, £137,700). The remaining surplus is in line with expectations. It is hoped that the level of distributions can be maintained in the future.
Investment policy
The trustees have formulated a statement of investment principles in relation to the Charity’s funds. The investment managers, EFG Harris Allday, have full discretionary powers within agreed guidelines.
Reserves policy
In accordance with the terms of the trust deed, it is the policy of the charity to retain from income as an addition to unrestricted funds, which are the free reserves of the charity, such reasonable sums as the trustees think fit.
Continued …
3
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
TRUSTEES’ ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2024
Trustees' responsibilities in relation to the financial statements
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and :
-
i) select suitable accounting policies and then apply them consistently;
-
ii) make judgements and estimates that are reasonable and prudent;
-
iii) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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iv) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the Provisions of the Trust Deed. The trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by :
………………………………………….
H L GRAY-CHEAPE (Chairman)
25 September 2024
4
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
I report to the charity’s trustees on my examination of the accounts of the charity for the year ended 30 June 2024 which are set out on pages 6 to 17.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect :
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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 matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R W P Bowen FCA Chartered Accountant H. L. Barnes Barclays Bank Chambers Stratford upon Avon
25 September 2024
5
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
| Notes Income Investment income 2 Total income Expenditure Charitable expenditure : Grants payable 3 Costs of generating funds : Property and investment costs 4 Total expenditure Net income before gains on investments Gains on investment property 6 Gains/(losses) on investments 7 Net income/(expenditure) Transfer between funds 11 Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 |
Endowment Fund Unrestricted Funds Designated Fund Total 2024 Total 2023 |
|---|---|
| £ £ £ £ £ - 220,437 10,614 231,051 211,416 ─────── ─────── ─────── ─────── ─────── - 220,437 10,614 231,051 211,416 ─────── ─────── ─────── ─────── ─────── - 128,688 - 128,688 140,864 - 52,353 1,372 53,725 44,856 ─────── ─────── ─────── ─────── ─────── - 181,041 1,372 182,413 185,720 ─────── ─────── ─────── ─────── ─────── - 39,396 9,242 48,638 25,696 2,496,800 142,775 - 2,639,575 - 13,398 77,031 20,502 110,931 (125,020) ─────── ─────── ─────── ─────── ─────── 2,510,198 259,202 29,744 2,799,144 (99,324) - (8,254) 8,254 - - ─────── ─────── ─────── ─────── ─────── 2,510,198 250,948 37,998 2,799,144 (99,324) 3,667,564 1,894,418 289,928 5,851,910 5,951,234 ─────── ─────── ─────── ─────── ─────── £6,177,762 £2,145,366 £ 327,926 £8,651,054 £5,851,910 ═══════ ═══════ ═══════ ═══════ ═══════ |
The notes on pages 8 to 13 form part of the accounts.
6
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
BALANCE SHEET AT 30 JUNE 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Investment properties | 6 | 6,445,300 | 3,805,725 |
| Investments | 7 | 2,011,047 | 1,874,303 |
| ─────── | ─────── | ||
| Total fixed assets | 8,456,347 | 5,680,028 | |
| ─────── | ─────── | ||
| Current assets | |||
| Debtors and prepayments | 8 | 33,403 | 30,511 |
| Short term deposits | 9 | 150,997 | 133,145 |
| Cash at bank | 9 | 32,369 | 27,997 |
| ─────── | ─────── | ||
| Total current assets | 216,769 | 191,653 | |
| Liabilities :amounts falling due within one year | 10 | 22,062 | 19,771 |
| ─────── | ─────── | ||
| Net current assets | 194,707 | 171,882 | |
| ─────── | ─────── | ||
| Net assets | £8,651,054 | £5,851,910 | |
| ═══════ | ═══════ | ||
| The funds of the charity | 11 | ||
| Endowment funds | |||
| Permanent endowment | 6,177,762 | 3,667,564 | |
| Unrestricted income funds : | |||
| General fund | 2,145,366 | 1,894,418 | |
| Designated fund | 327,926 | 289,928 | |
| ─────── | ─────── | ||
| Total charity funds | £8,651,054 | £5,851,910 | |
| ═══════ | ═══════ | ||
| Approved by the Trustees on 25 September 2024 | |||
| and signed on their behalf by :- |
H L GRAY-CHEAPE ………………………………………………… Trustee
The notes on pages 8 to 13 form part of these accounts.
7
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
a) Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement 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 (FRS 102) (effective 1 January 2015) and the Charities Act 2011.
b)
Investment income
All investment income, including deposit interest, is shown on the basis of amounts received or credited in the year. No credit is taken for accrued interest at the balance sheet date.
c) Resources expended
All expenditure is accounted for on an accruals basis.
d)
Investment assets
In accordance with the provisions of the Statement of Recommended Practice, investments are held at fair value and any gains or losses are reflected in the accounts through the Statement of Financial Activities.
e) Designated fund
This is a Building Reserve Fund and is used to repay the General Fund for expenditure on the improvement and maintenance of the properties.
8
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
2. INVESTMENT INCOME
| 2. INVESTMENT INCOME |
||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Dividends | 85,511 | 71,797 |
| Rents | 145,540 | 139,619 |
| ────── | ────── | |
| £231,051 | £ 211,416 | |
| ══════ | ══════ |
All investment income relates to unrestricted funds, expendable at the discretion of the trustees.
| 3. | GRANTS PAYABLE | ||
|---|---|---|---|
| Distributions | 125,550 | 137,700 | |
| Support and governance costs | 3,138 | 3,164 | |
| ────── | ────── | ||
| £128,688 | £140,864 | ||
| ══════ | ══════ | ||
| All | grants payable relate to unrestricted funds. |
| 4. PROPERTY AND INVESTMENT COSTS |
||
|---|---|---|
| Repairs and maintenance | 13,577 | 3,336 |
| Insurances | 8,086 | 6,782 |
| Management fees | 17,602 | 16,707 |
| Professional fees - Property | 1,576 | 5,330 |
| Professional fees - Investments | 9,745 | 9,537 |
| Support and governance costs | 3,139 | 3,164 |
| ────── | ────── | |
| £ 53,725 | £ 44,856 | |
| ══════ | ══════ |
All property costs relate to unrestricted funds, except £1,372 of professional fees which relate to the designated fund.
5. SUPPORT AND GOVERNANCE COSTS
| Accountancy | 5,520 | 5,040 |
|---|---|---|
| Country Landowners Association subscription | 307 | 271 |
| Trustees' meeting expenses | 450 | 1,017 |
| ────── | ────── | |
| £ 6,277 | £ 6,328 | |
| ══════ | ══════ |
Support and governance costs have been allocated to activities based on the Trustees’ time.
9
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
6. INVESTMENT PROPERTIES
| 6. INVESTMENT PROPERTIES |
|
|---|---|
| Valuation At 1 July 2023 Disposal in year Revaluations At 30 June 2024 |
Permanent Endowment Fund General Fund Total |
| £ £ £ 3,328,500 477,225 3,805,725 - - - 2,496,800 142,775 2,639,575 ────── ────── ────── £5,825,300 £ 620,000 £6,445,300 ══════ ══════ ══════ |
The investment properties were revalued at 30 June 2024 by the trustees at open market value on that date.
7. INVESTMENTS
| Quoted investments Market value 1 July 2023 Additions Disposals Net realised investment gains/(losses) Net unrealised investment gains/(losses) Market value at 30 June 2024 Historical cost 30 June 2024 |
Permanent Endowment Fund Building Reserve Fund General Fund Total 2024 Total 2023 |
|---|---|
| £ £ £ £ £ 199,064 248,229 1,427,010 1,874,303 1,857,890 - 38,391 181,451 219,842 254,136 - (11,063) (182,966) (194,029) (112,703) - 2 (4,536) (4,534) 192 13,398 20,500 81,567 115,465 (125,212) ────── ────── ────── ────── ────── £ 212,462 £ 296,059 £1,502,526 £2,011,047 £1,874,303 ══════ ══════ ══════ ══════ ══════ £ 168,888 £ 288,432 £1,281,571 £1,738,891 £1,699,848 ══════ ══════ ══════ ══════ ══════ |
A detailed analysis of quoted investments held is shown on pages 14 to 17.
10
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
| 8. | DEBTORS | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Prepayments | 2,459 | 2,092 | |
| Other | debtors | 30,944 | 28,419 |
| ────── | ────── | ||
| £ 33,403 | £ 30,511 | ||
| ══════ | ══════ |
9. SHORT TERM DEPOSITS AND CASH AT BANK
| Monies held by brokers Bank balances |
General Fund Building Reserve Fund Total 2024 Total 2023 |
|---|---|
| £ £ £ £ 146,684 4,313 150,997 133,145 32,369 - 32,369 27,997 ────── ────── ────── ────── £ 179,053 £ 4,313 £ 183,366 £ 161,142 ══════ ══════ ══════ ══════ |
10. LIABILITIES : amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Creditors and accruals | 22,062 | 19,771 |
| ────── | ────── | |
| £ 22,062 | £ 19,771 | |
| ══════ | ══════ |
11
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
11. ANALYSIS OF CHARITABLE FUNDS
| Current Year a) Permanent Endowment Funds Unrestricted Income funds b) General fund c) Designated fund TOTAL CHARITY FUNDS Previous Year a) Permanent Endowment Funds Unrestricted Income funds b) General fund c) Designated fund TOTAL CHARITY FUNDS |
Balances at Income Expenditure Transfers Gains Balances 30 June and at 30 June 2023 losses 2024 |
|---|---|
| £ £ £ £ £ £ 3,667,564 - - - 2,510,198 6,177,762 1,894,418 220,437 (181,041) (8,254) 219,806 2,145,366 289,928 10,614 (1,372) 8,254 20,502 327,926 ─────── ─────── ─────── ─────── ─────── ─────── £5,851,910 £ 231,051 £(182,413) £ - £2,750,506 £8,651,054 ═══════ ═══════ ═══════ ═══════ ═══════ ═══════ Balances at 30 June Income Expenditure Transfers Gains and Balances at 30 June 2022 losses 2023 |
|
| £ £ £ £ £ £ 3,684,527 - - - (16,963) 3,667,564 1,985,645 202,004 (184,425) (17,607) (91,199) 1,894,418 281,062 9,412 (1,295) 17,607 (16,858) 289,928 ─────── ─────── ─────── ─────── ─────── ─────── £ 5,951,234 £ 211,416 £(185,720) £ - £(125,020) £5,851,910 ═══════ ═══════ ═══════ ═══════ ═══════ ═══════ |
Name of fund description, nature and purpose of the fund.
-
a) The Permanent Endowment Funds arose originally from a bequest by Alice, Duchess Dudley in 1669. These funds have been added to over the course of time with the purchase of property and investments. The income from these is freely available to fund the activities of the Charity.
-
b) The General Fund income is available to be spent for any of the purposes of the Charity.
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c) Under the Charity Commission Scheme dated 11 January 1962, 15% of the rents are transferable annually to a Building Reserve Fund. Withdrawals from this fund can be made for the repair, extraordinary repair, improvement and re-building of property belonging to the Charity.
12
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fund balances at 30 June are represented by: Tangible fixed assets Investments Current assets Current liabilities Total net assets |
2024 2023 Unrestricted Funds Endowment Fund Total Funds Unrestricted Funds Endowment Fund Total Funds |
|---|---|
| £ £ £ £ £ £ 620,000 5,825,300 6,445,300 477,225 3,328,500 3,805,725 1,798,585 212,462 2,011,047 1,675,239 199,064 1,874,303 76,769 140,000 216,769 51,653 140,000 191,653 (22,062) - (22,062) (19,771) - (19,771) ─────── ─────── ─────── ─────── ─────── ─────── £2,473,292 £6,177,762 £8,651,054 £2,184,346 £3,667,564 £5,851,910 ═══════ ═══════ ═══════ ═══════ ═══════ ═══════ |
13. TRANSACTIONS WITH CONNECTED PERSONS
Mr Nicholas Barlow, Clerk to the Trustees, of Barlow Associates Limited, was paid £19,178 (2023 £21,386) for management, other professional fees and expenses, including rent and insurance reviews, in relation to the Charity.
No remuneration has been paid to any of the trustees or any person connected with them.
13
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY SCHEDULE OF INVESTMENTS AT 30 JUNE 2024
| Fidelity European Values 25p Ordinary shares AVI Global Trust plc 2p Ordinary shares Primary Health Properties plc 12p Ordinary shares HICL Infrastructure Co 1p Ordinary shares Carried forward GENERAL FUND National Grid plc 0.12431289p Ordinary shares Unilever plc 3 1/9p Ordinary shares Alliance Trust plc 2.5p Ordinary shares Astrazeneca plc USD 00.25 Ordinary shares Scottish Mortgage Investment Trust plc 25p Ordinary shares Diageo 28.935p Ordinary shares Blackrock North American Income Trust plc 1p Ordinary shares Bankers Investment Trust plc 25p Ordinary shares Reckitt Benckiser Group plc 10p Ordinary shares Law Debenture Corp plc Shares Residential Secure Income plc REIT Rio Tinto 10p New Ordinary shares JPM Global Emerging Markets Income Trust 0.01p Ordinary shares Pennon Group plc 40.7p Ordinary shares Severn Trent plc 0.9789p Ordinary shares Baillie Gifford UK Growth FD (Schroder UK Growth fund) 25p Ordinary shares |
Holding at 30 June 2023 |
Market value at 30 June 2023 Cost in year Sales in year Profit/(loss) on sale Holding at 30 June 2024 |
Market value at 30 June 2024 Surplus/ (deficit) on revaluation |
|---|---|---|---|
| 17,535 shares 29,745 shares 30,410 shares 10,480 shares 2,885 shares 1,040 shares 6,210 shares 46 shares 7,200 shares 1,170 shares 29,155 shares 52,000 shares 670 shares 7,600 shares 50,000 shares 686 shares 41,000 shares 2,340 shares 1,945 shares 26,000 shares |
60,496 - - - 17,535 shares 56,397 - 6,158 878 26,960 shares 29,026 - - - 30,410 shares 14,064 3,563 - - 13,315 shares £ 817,860 £ 3,563 £ 124,337 £ (1,285) £ £ £ £ 30,018 - 1,233 1,233 2,885 shares 42,614 - - - 1,040 shares 62,597 - 9,635 1,017 5,355 shares 5,187 - - - 46 shares 47,981 - - - 7,200 shares 39,534 - - - 1,170 shares 54,228 - - - 29,155 shares 50,960 - - - 52,000 shares 39,610 - - - 670 shares 58,292 - 19,962 787 5,100 shares 31,400 - - - 50,000 shares 34,200 - - - 686 shares 52,070 - - - 41,000 shares 16,637 - - - 2,340 shares 49,909 - 44,782 (5,127) - 42,640 - 42,567 (73) - |
68,913 8,417 63,895 12,778 27,901 (1,125) 16,564 (1,063) £ £ 25,463 (4,555) 45,188 2,574 64,903 10,924 5,684 497 63,662 15,681 29,127 (10,407) 57,435 3,207 59,176 8,216 28,689 (10,921) 43,095 3,978 24,150 (7,250) 35,679 1,479 55,555 3,485 13,420 (3,217) - - - - |
|
| £ 728,499 £ 32,698 |
14
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY SCHEDULE OF INVESTMENTS AT 30 JUNE 2024
(CONTINUED)
| GENERAL FUND Brought forward Ballie Gifford Corp Bond Inc B Ishares Core GBP Corp BD UCITS EFT Octopus Renewables Infra Trust plc J P Morgan Asian Inv Trust 25p Ordinary shares J P Morgan GLB Core Assets Ltd Triple PT Energy EFF Infra 25p Ordinary shares Dunedin Inc Grwth Inv Tst 25p Ordinary shares Finsbury Grwth and Inc Tst 25p Ordinary shares JP Morgan China Grwth and Inc 25p Ordinary shares Mercantile Inv Tst PLC 25p Ordinary shares RM Infrastructure Inc Plc 1p Ordinary shares Standard Life Priv Eq Tst 2p Ordinary shares North American Inc Tst 5p Ordinary shares LXI REIT PLC 1p Ordinary shares GCP Infrastructure Inv Ltd 1p Ordinary shares Ishares sandp 500 UCITS ETF DIST UK Treasury 0.25% Legal and General Group PLC 25p Ordinary shares JP Morgan Gbl Growth & Inc 5p Ordinary shares |
Holding at 30 June 2023 |
Market value at 30 June 2023 Cost in year Sales in year Profit/(loss) on sale Holding at 30 June 2024 |
Market value at 30 June 2024 Surplus/ (deficit) on revaluation |
|---|---|---|---|
| 46,000 shares 322 shares 58,946 shares 11,674 shares 63,300 shares 34,478 shares 13,045 shares 7,000 shares 6,250 shares 22,500 shares 50,750 shares 10,842 shares 15,030 shares 52,000 shares 54,000 shares - - - - |
£ £ £ £ 817,860 3,563 124,337 (1,285) 33,125 - - - 46,000 shares 37,242 - - - 322 shares 54,525 - - - 58,946 shares 40,859 - - - 11,674 shares 49,374 - - - 63,300 shares 22,928 - - - 34,478 shares 36,917 - - - 13,045 shares 61,880 - 58,629 (3,251) - 16,125 - - - 6,250 shares 43,740 - - - 22,500 shares 35,018 - - - 50,750 shares 49,277 - - - 10,842 shares 41,032 - - - 15,030 shares 44,772 - - - 52,000 shares 42,336 - - - 54,000 shares - 39,916 - - 1,145 shares - 39,980 - - 42,425 shares - 39,894 - - 18,060 shares - 58,098 - - 11,460 shares £1,427,010 £ 181,451 £ 182,966 £ (4,536) |
£ £ 728,499 32,698 35,047 1,922 39,175 1,933 42,441 (12,084) 43,894 3,035 48,361 (1,013) 22,686 (242) 36,526 (391) - - 13,656 (2,469) 52,425 8,685 39,585 4,567 58,113 8,836 45,090 4,058 55,312 10,540 43,308 972 49,621 9,705 41,438 1,458 40,996 1,102 66,353 8,255 |
|
| £1,502,526 £ 81,567 |
15
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
SCHEDULE OF INVESTMENTS AT 30 JUNE 2024 (CONTINUED)
| BUILDING RESERVE FUND Witan Investment Trust 5p Ordinary shares HICL Infrastructure Co 1p Ordinary shares Dunedin Income Growth Investment Trust 25p Ordinary shares Law Debenture Corp plc Scottish American Inv. Co 25p Ordinary shares Residential Secure Income plc REIT shares Fidelity European Values 25p Ordinary shares Schroder UK Growth Fund (Baillie Gifford UK Growth FD) 25p Ordinary shares Schroder Asia Pacific Fund 10p Ordinary shares JP Morgan GLB Emerg Mkts Inc Tst LXI Reit Plc 1p Ordinary shares Sequoia Economic Infra inc Baillie Giff Strat BD FD B Inc Ishares Core GBP Corp BD UCITS ETF City of London Inv Tst 25p Ordinary shares JP Morgan Asian Inv Tst 25p Ordinary shares Avi Global Trust plc Edinburgh Worldwide Inv T 1p Ordinary shares JP Morgan GLB Core Assets Ltd North American Inc Tst 5p Ordinary shares Bankers Investment Trust 25p Ordinary shares Mercantile Inv Tst PLC 25p Ordinary shares UK Treasury 0.25% UK Treasury 0.125% JP Morgan Global Growth and Inc 5p Ordinary shares |
Holding at 30 June 2023 |
Market value at 30 June 2023 Cost in year Sales in year Profit/(loss) on sale Holding at 30 June 2024 |
Market value at 30 June 2024 Surplus/ (deficit) on revaluation |
|---|---|---|---|
| 5,800 shares 8,400 shares 4,600 shares 1,800 shares 2,800 shares 12,850 shares 4,000 shares 4,500 shares 2,740 shares 8,200 shares 10,600 shares 17,300 shares 8,102.852 shares 62 shares 3,500 shares 3,915 shares 7,500 shares 4,000 shares 15,865 shares 5,000 shares 11,000 shares 4,900 shares - - - |
£ £ £ £ 13,137 - - - 5,800 shares 11,273 - - - 8,400 shares 13,018 - - - 4,600 shares 13,806 - 3,685 4 1,320 shares 14,616 - - - 2,800 shares 8,069 - - - 12,850 shares 13,800 - - - 4,000 shares 7,380 - 7,378 (2) - 13,508 - - - 2,740 shares 10,414 - - - 8,200 shares 9,127 - - - 10,600 shares 13,286 - - - 17,300 shares 5,835 - - - 8,102.852 shares 7,171 - - - 62 shares 13,895 - - - 3,500 shares 13,703 - - - 3,915 shares 14,220 - - - 7,500 shares 5,640 - - - 4,000 shares 12,375 - - - 15,865 shares 13,650 - - - 5,000 shares 10,780 - - - 11,000 shares 9,526 - - - 4,900 shares - 9,820 - - 10,340 shares - 17,601 - - 21,120 shares - 10,970 - - 2,160 shares £ 248,229 £ 38,391 £ 11,063 £ 2 |
£ £ 15,544 2,407 10,450 (823) 12,880 (138) 11,154 1,029 14,364 (252) 6,207 (1,862) 15,720 1,920 - - 14,686 1,178 11,111 697 11,275 2,148 13,840 554 6,174 339 7,543 372 14,700 805 14,720 1,017 17,775 3,555 5,888 248 12,121 (254) 15,000 1,350 12,518 1,738 11,417 1,891 10,099 279 18,367 766 12,506 1,536 |
|
| £ 296,059 £ 20,500 |
16
ESTATE CHARITY OF ALICE, DUCHESS DUDLEY
SCHEDULE OF INVESTMENTS AT 30 JUNE 2024
(CONTINUED)
| PERMANENT ENDOWMENT FUND Primary Health Properties plc 12.5p Ordinary shares Astrazeneca plc USD 0.25 shares Monks Investment Trust 5p Ordinary shares HICL Infrastructure Co. 1p Ordinary shares J P Morgan Asian Inv Trust 25p Ordinary shares Triple PT Energy EFF Infra 1p Ordinary shares Dunedin Inc Grwth Inv Tst 25p Ordinary shares Ishares Core GBP Corp BD UCITS EFT North American Inc Tst 5p Ordinary shares Standard Life Priv Eq Tst (ABRDN) 2p Ordinary shares TOTALS |
Holding at 30 June 2023 |
Market value at 30 June 2023 Cost in year Sales in year Profit/(loss) on sale Holding at 30 June 2024 |
Market value at 30 June 2024 Surplus/ (deficit) on revaluation |
|---|---|---|---|
| 18,890 shares 379 shares 4,900 shares 21,520 shares 4,031 shares 15,522 shares 6,955 shares 18 shares 3,260 shares 1,264 shares |
£ £ £ £ 18,031 - - - 18,890 shares 42,736 - - - 379 shares 48,559 - - - 4,900 shares 28,880 - - - 21,520 shares 14,108 - - - 4,031 shares 10,322 - - - 15,522 shares 19,683 - - - 6,955 shares 2,082 - - - 18 shares 8,900 - - - 3,260 shares 5,763 - - - 1,264 shares £ 199,064 £ - £ - £ - £1,874,303 £ 219,842 £ 194,029 £ (4,534) |
£ £ 17,332 (699) 46,829 4,093 57,918 9,359 26,771 (2,109) 15,157 1,049 10,214 (108) 19,474 (209) 2,190 108 9,780 880 6,797 1,034 |
|
| £ 212,462 £ 13,398 |
|||
| £2,011,047 £ 115,465 |
17