## # ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---| ||||Funds|Funds|Funds|Funds|Funds|Funds| ||||General|Designated|||2021|2020| |||Notes|6|6|6|6|6|6| |Income and Endowments||from:||||||| |Donations
and Legacies|||8,678|5,000|6,210||19,888|16,862| |Charitable
Activities|||547|6,004|274,866||281,417|275,095| |Investments|||6,230|91,559|4,778||102,567|105,940| |Other||||||||425,033| |Total||4|15455|102563|285 854|-|403872|822930| |Expenditure
on:||||||||| |Charitable
Activities|||134,111|101,974|391,815||627900|441 459| |Total||5|134111|101974|391815||627 900|441 459| |(Losses) IGains on|Investments||20,133|300,980||15,490|336,603|284,194| |Net Income I(Expenditure)|||(98,523)|301,569|(105,961)|15,490|112,575|665,665| |Transfers
between|Funds|19|125,508|(120,000)|(5,508)|||| |Net lrrlovement
in Funds|||26,985|181,569|(111,469)|15,490|112,575|665,665| |Reconciliation
of Funds:||||||||| |Total Funds brought|forward|||||||| |asat1 January2021|||279,724|5,287,796|612,390|239,996|6,419,906|5,754,241| |Total Funds carried|forward|||||||| |as at 31 December|2021|19|306709|5469365|500921|255 486|6532481|6419906| ## ## ||||2Q21|2020| |---|---|---|---|---| |||Notes||| |Total Income|||403,872|822,733| |Total Expenditure|||627900|441 459| ||||(224,028)|381,274| |Surplus on Disposal|of Investments|||| |Surplus on Ordinary|Activities|20|(224,028)|381,274| |Net Income for the|Year||(224028)|381274| ||||2021|||2020| |---|---|---|---|---|---|---| |||Notes|8|||| |Fixed Assets:||||||| |Tangible Assets||21||||| |Investments||22|5,008,397|||4,671,794| |Total Fixed Assets|||5,008,397|||4,671,794| |Current Assets:||||||| |Debtors (falling due after one year)||23|54,900||10,000|| |Debtors (falling due within one year)||23|11336
66,236||5460
15,460|| |Cash at Bank and in|Hand||1 467 948||1 741 895|| |Total Current Assets|||1,534,184||1,757,355|| |Liabilities:||||||| |Creditors
(falling due within one year)||24|~10100||9243|| |Net Current Assets|||1,524,084|||1,748,112| |Total Assets less Current Liabilities|||6,532,481|||6,419,906| |Total Net Assets||25|6|532481||6419906| |The Funds ofthe Charity:||||||| |Endowment
Funds||||255,486||239,996| |Restricted Income|Funds|||500,921||612,390| |Unrestricted
Funds:||||||| |Designated
Funds
General Funds|||5,469,365
306 709||5,287,796
279724|| |Total Unrestricted|Funds||5,776,074|||5,567,520| |Total Charity Funds||26|6|532481||6419906| ## ## ||||2021||2020| |---|---|---|---|---|---| ||||E|E|| |Net Income / (Expenditure)
for the Year:|||||| |As per Statement of Financial
Activities|||112,575||665,665| |Adjustments
for:|||||| |(Gains) / Losses on Investments||(336,603)|||(284,194)| |Dividends
and Interest from Investments||(102,567)|||(105,940)| |Loans made in furtherance
ofobjects||(61,000)|||| |Repayment
ofloans made
in furtherance|ofobjects||10,000||3,000| |(Increase)
/ Decrease in Debtors
Increase
/ (Decrease) in Creditors|||224
857||250
~106| |Cash Flow from Operating
Activities|||(~489|089|(~386990| |Nei Cash Provided
by / (Used in) Operating||Activities|(376,514)||278,675| |Cash Flow from Investing
Activities|||||| |Dividends
and Interest from Investments||102,567|||105,940| |Purchase of Investments|||||~83431| |Net Cash Provided
by / (Used in) Investing||Activities|102|567|22 509| |Increase
/ (Decrease) during the Year|||(273,947)||301,184| |Cash and Cash Equivalents
as at 1 January 2021|||1,741,895||1,440,711| |Cash and Cash Equivalents
as at 31 December 2021|||1 467|948|1 741 895| |Analysis ofCash and Cash Equivalents|||||| |Cash in Hand||||91|83| |Notice Deposits (less than three months)|||1 467|857|1 741 812| |Total Cash and Cash Equivalents|||1 467|948|1 741 895| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Designated|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---| |||Funds|Funds|Funds|Funds|Funds|Funds| ||Notes||||f|2021
f|2020
f| |Donations
and Legacies|||||||| |Subscriptions
and Donations
Legacies|6|8,678|5,000|6,210||19,888|16,862| |||8678|5000|6210||19888|16862| |Charitable
Activities|||||||| |Gift Aid Scheme
Professional
Services||547|6004|274,886||274,866
6551|270,252
4843| |||547|6004|274 866||281 417|275095| |Investments|||||||| |Interest Receivable
Investment
Income|9
10|105
6 125|91 559|66
4712||171
102396|2,536
103404| |||6230|91 559|4778||102567|105940| |Other Incoming Resources|||||||| |Trust Income|11||||||425033| |Total Income and Endowments||15455|102563|285 854||403872|822930| |5.
EXPENDITURE|||||||| |||Unrestricted|Designated|Restricted|Endowment|Total|Total| |||Funds|Funds|Funds|Funds|Funds|Funds| ||Notes|f|f|f|f|2021
f|2020
f| |Charitable
Activities|||||||| |Advisory Services|12|93,878||||93,878|93,795| |Benevolent
Payments|13|||2,400||2,400|8,500| |Chapel Projects|14||25,000|116,127||141,127|| |Educational
Support|15|||1,000||1,000|| |Gift Aid Scheme|16|13,411||268,105||281,516|278,710| |Ministry Support|17|-|75,490|4,183||79,673|32,143| |Professional
Services|18|26,822|1,484|||28,306|28,311| |Total Expenditure||134111|101974|391815||627 900|441 459| ## ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||||Z|6| |6.|SUBSCRIPTIONS AND DONATIONS||||||| ||Churches|||||16,288|7,235| ||Individuals|||||2,940|3,039| ||Subscriptions|||||660|660| ||Charities||||||5928| |||||||19888|16862| |7.|GIFT AID SCHEME||||||| ||Donations|||||274 866|270252| |8.|PROFESSIONAL SERVICES||||||| ||Services Rendered|in Connection|with|Trust Fund|Administration|547|1,286| ||Other Services Rendered|||||6004|3557| |||||||6551|4843| |9.|INTEREST RECEIVABLE||||||| ||Bank Deposits|||||171|2536| |10.|INVESTMENT INCOME||||||| ||Unlisted
Investments|-GBTC Common||Investment|Fund|102396|103404| |11.|TRUST INCOME||||||| ||Proceeds from Sale|of Redundant|Chapels||||425033| ## ## |||Direct|Direct||Support|2021|2020| |---|---|---|---|---|---|---|---| |||Costs||Grants|Costs||| ||||8|8|6||| |12.|ADVISORY SERVICES||||||| ||Providing
Advice and||||||| ||Information
to Churches|63|268||30610|93878|93795| |13.|BENEVOLENT PAYMENTS||||||| ||Grants are made to Individuals||||||| ||Benevolent
Fund||||||| ||Ministers'
Aid Fund||||||600| ||The Pastors'
Fund|||2400||2400|7900| |||||2400||2400|8500| |14.|CHAPEL PROJECTS||||||| ||Grants are made to Churches||||||| ||Construction
and||||||| ||Maintenance
Projects|||141 127||141 127|| |15.|EDUCATIONAL SUPPORT||||||| ||Grants are made to Individuals||||||| ||8 A Warburton
Memorial|Fund||1 000||1 000|| |16.|GIFT AID SCHEME||||||| ||Administration|9,038|||4,373|13,411|13,399| ||Disbursements|268|105|||268 105|265311| |||277|143||4373|281 516|278710| |17.|MINISTRY SUPPORT||||||| ||Church Projects|29|673||||| |18.|PROFESSIONAL SERVICES||||||| ||Services Rendered
in Furtherance||||||| ||of Charitable
Objects|19560|||8746|28306|28311| ## ## ## ## ## ## |20.|NET INCOME I(EXPENDIT|URE) ON OR|DINARY AC|TIVITIES||| |---|---|---|---|---|---|---| ||||||2021|2020| ||||||E|E| ||This is stated after crediting|and charging|the following|amounts:||| ||After Crediting:|||||| ||Interest Receivable||||171|2,536| ||Investment
Income||||102,396|103,404| ||After Charging:|||||| ||Audit Fee||||7,498|7,248| ||Pension
Fund Contributions||||14,707|11,215| ||Rent||||9,750|9,750| |21.|TANGIBLE FIXEDASSETS|||||| ||||||Fixtures|Total| ||||||Fittings and|| ||||||Equipment|| ||Cost|||||| ||Balance as at 1 January 2021||||13,552|13,552| ||Additions|||||| ||Disposals
Balance as at 31 December|2021|||13552|13552| ||Accumulated
Depreciation
Balance as at 1 January 2021||||13,552|13,552| ||Charge for year|||||| ||Eliminated
in respect of Disposals
Balance as at 31 December 2021||||13552|13552| ||Net Book Value as at 31 December 2021|||||| ||Net BookValue as at 31 December 2020|||||| ## ## ## ## ## ## ## ## ## |ANALYSIS OF NET|ASS|ETS BETWEEN|FUNDS|||| |---|---|---|---|---|---|---| |||Tangible||Current|Current|Net| |||Fixed Assets
f|Investments|Assets|Liabilities|Assets| |Unrestricted
Funds||||||| |General
Fund|||299 560|17249|(~10 100|306 709| |Designated
Funds||||||| |Support
Fund|||1,003,888|509,530||1,513,418| |Vision and Venture|||3,300,739|465,457||3,766,196| |Incidental
Projects|||173724|16027||189751| ||||4478 351|991 014|-|5469365| |Restricted
Funds||||||| |Gift Aid Donations||||7,955||7,955| |Brockley Fund||||34,937||34,937| |Brockley Graveyard|Fund|||5,928||5,928| |Halifax Building
Fund||||134,952||134,952| |Haslemere
Fund||||5,063||5,063| |Otley Fund||||57,275||57,275| |Stoke Golding
Fund||||194,776||194,776| |BA Warburton
Memorial||Fund||96||96| |Ministers'
Aid Fund||||1,056||1,056| |Benevolent
Fund||||322||322| |The Pastors'
Fund||||58 561||58 561| |||||500 921||500 921| |Endowment
Funds||||||| |BA Warburton
Memorial||Fund|7,859|||7,859| |Ministers'
Aid Fund|||15,736|||15,736| |Benevolent
Fund|||2,213|||2,213| |The Pastors'
Fund|||204,678|||204,678| |Loan Fund||||25 000||25 000| ||||230486|25 000||255 486| |TOTAL FUNDS|||5008397|1 534 184|(~10 100|6532481| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2021|2020| |---|---|---|---|---| ||||6|6| |Total Payroll|Costs comprised:|||| |Wages and|Salaries||66,107|68,507| |Employers'|NIC||4,738|4,686| |Other Benefits|||14,873|11,973| |Other Pension Costs|||14707|11215| ||||100425|96381| |Key Management||Personnel|75,758|71,500| |Other Staff|||24 667|24881| ||||100425|96381| ## ## |||||2021|2020| |---|---|---|---|---|---| |||||6|6| |Expiring|within|1|year|7052|| |Expiring|within|2|—5years||16802| ## ## ## ## |30.|RELATED PARTY TRANSACTIONS|RELATED PARTY TRANSACTIONS|RELATED PARTY TRANSACTIONS||| |---|---|---|---|---|---| |||||2021|2020| |||||E|E| ||30.1|Donations
Received from Related Parties|||| |||Board of Directors||490|715| |||Key Management|Personnel|143|20| |||||633|735| ## ## ## ## ||||Unrestricted|Unrestricted|Restricted|Endowment|Total| |---|---|---|---|---|---|---|---| ||||Funds|Funds|Funds|Funds|Funds| ||||General|Designated|||2020| |||Notes|6|8|6|6|8| |Income and Endowments||from:|||||| |Donaticns
and Legacies|||7,760||8,905|197|16,862| |Charitable
Activities|||1,286|3,557|270,252||275,095| |Investments|||7,795|92,374|5,771||105,940| |Other||||425,033|||425,033| |Total|||16841|520 964|284 928|197|822 930| |Expenditure
on:|||||||| |Charitable
Activities|||133,992|21,204|286,263||441,459| |Total|||133992|21 204|286263||441 459| |(Losses) iGains on|Investments||16,942|254,214||13,038|284,194| |Net Income i(Expenditure)|||(100,209)|753,974|(1,335)|13,235|665,665| |Transfers
between|Funds||55,398|(50,000)|(5,398)||| |Net Movement
in Funds|||(44,811)|703,974|(6,733)|13,235|665,665| |Reconciliation
ofFunds:|||||||| |Total Funds brought
forward
as at 1 January 2020|||324,535|4,583,822|619,123|226,761|5,754,241| |Total Funds cerned|forward||||||| |as at 31 December|2020||279724|5287796|612 390|239996|6419906| ## ## ## |32.
INCO|ME AND ENDOWM|ENTS|(PREVIOUS|YEAR)|||| |---|---|---|---|---|---|---|---| ||||Unrestricted|Designated|Restricted|Endowment|Total| ||||Funds|Funds|Funds|Funds|Funds| ||||||||2020| |||Notes|8||||8| |Donations|and Legacies||||||| |Subscriplions
and Donations|||7,780||8,905|197|16,862| |Legacies|||||||| ||||7760||8905|197|16862| |Charitable|Activities||||||| |Gift Aid Scheme|||||270,252||270,252| |Professional|Services||1 286|3557|||4 843| ||||1 286|3557|270252||275 095| |Investments|||||||| |Interest Receivable|||1,559||977||2,536| |Investment|Income||6236|92374|4794||103404| ||||7795|92374|5771||105940| |Other Incoming Resources|||||||| |Trust Income||||425 033|||425 033| |Total Income and Endowments|||16841|520964|284 928|197|822 930| ## |||Unrestricted|Designated|Restricted|Endowment|Total| |---|---|---|---|---|---|---| |||Funds|Funds|Funds|Funds|Funds| |||||||2020| ||Notes|8|8|8||8| |Charitable
Activities||||||| |Advisory Services
Benevolent
Payments||93,795||8,500||93,795
8,500| |Chapel Projects||||||| |Educational
Support
Gift Aid Scheme||13,399||265,311||278,710| |Ministry Support
Professional
Services||26,798|19,691
1,513|12,452||32,143
28,311| |Total Expenditure||133992|21 204|286263||441 459| ## ## ## |34.
MOVEMENT|IN F|UNDS|(PREVIOUS Y|EAR)||||| |---|---|---|---|---|---|---|---|---| ||||Balance
1.1.20|Income|Expenditure|Transfers|Investment
Gains/(Losses)|Balance
31.12.20| |Unrestricted
Funds||||||||| |General
Fund|||324 535|16841|~133992|55398|16942|279 724| |Designated
Funds||||||||| |Support
Fund
Vision and Venture
Incidental
Pmjects|||1,085,884
3,311,856
186082|448,627
68,720
3617|6,321
14,883|(50,000)|57,715
186,674
9825|1,535,905
3,552,367
199524| ||||4583822|520964|21 204|~50000|254214|5287796| |Restricted Funds||||||||| |Gift Aid Donations|||7,159|270,252|265,311|(5,398)||6,702| |Brockley Fund|||34,858|74||||34,932| |Brockley Graveyard|Fund|||5,928||||5,928| |General
Building
Fund|||115,942|185||||116,127| |Halifax Building
Fund|||135,151|289||||135,440| |Halstead
Fund|||7,936|1,500|9,436|||| |Haslemere
Fund|||9,996||3,016|||6,980| |Otley Fund|||57,145|122||||57,267| |Stoke Golding
Fund|||191,100|408||||191,508| |BA Warburton
Memorial||Fund|772|164||||936| |Ministers'
Aid Fund||||520|600|||484| |Benevolent
Fund|||230|46||||276| |The Pastors'
Fund|||58270|5440|7900|||55810| ||||619123|284928|286263|~5398||612 390| |Endowment
Funds||||||||| |BA Warburton
Memorial
Ministers'
Aid Fund||Fund|6,887
13,588|197|||444
893|7,331
14,'678| |Benevolent
Fund|||1,939||||125|2,064| |The Pastors'
Fund|||179,347||||11,576|190,923| |Loan Fund|||25 000|||||25 000| ||||226 761|197|||13038|239996| |TOTALFUNDS|||5754241|822930|441 459||284 194|6419906| ## ## ## |ANALYSIS OF NET|ASS|ETS BETWEEN|FUNDS (PREV|IOUS YEAR)||| |---|---|---|---|---|---|---| |||Tangible||Current|Current|Net| |||Fixed Assets|Investments|Assets|Liabilities|Assets| |||E|E||E|E| |Unrestdcted
Funds||||||| |General Fund|||279427|9540|~9243|279724| |Designated
Funds||||||| |Support
Fund|||936,419|599,486||1,535,905| |Vision and Venture|||3,078,904|473,463||3,552,367| |Incidental
Projects|||16204~
4177371|37476
1110425||199524
5287 796| |Restricted Funds||||||| |Gift Aid Donations||||6,702||6,702| |Brockley Fund||||34,932||34,932| |Brockley Graveyard|Fund|||5,928||5,928| |General
Building Fund||||116,127||116,127| |Halifax Building Fund||||135,440||135,440| |Haslemere
Fund||||6,980||6,980| |Otley Fund||||57,267||57,267| |Stoke Golding Fund||||191,508||191,508| |BA Warburton
Memorial||Fund||936||936| |Ministers'
Aid Fund||||484||484| |Benevolent
Fund||||276||276| |The Pastors'
Fund||||55810||55810| |||||612390||612 390| |Endowment
Funds||||||| |BA Warburton
Memorial||Fund|7,331|||7,331| |Ministers'
Aid Fund|||14,678|||14,678| |Benevolent
Fund|||2,064|||2,064| |The Pastors' Fund|||190,923|||190,923| |Loan Fund||||25000||25000| ||||214996|25000||239996| |TOTAL FUNDS|||4671794|1 757355|~9243|6419906| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |NET GAINS ON INVES|NET GAINS ON INVES|TM|ENTS|ENTS||||| |---|---|---|---|---|---|---|---|---| |The Net Gains/(Losses)||on|Investments||during|the year comprise:||| ||||||||2021|2020| ||||||||E|6| |Proceeds from sale|of investments|||sold|during|the year|3,419,513|3,345,125| |Original cost of investments|||sold during||the year||2 868744|3 147095| |Gains/(Losses)
realised||on|investments||sold during the year||550,769|198,030| |Net Losses/(Gains)|thereon||already|recognised||in previous years|(409232)|{98532)| ||||||||141,537|99,498| |Net unrealised
appreciation|||for the|year|||568858|493 190| ||||||||710,395|592,688| |Fund Management|Expenses||||||~51 803|~49 304| |Net Gains/(Losses)|on|Investments|||||658 592|543 384| |GROSS INCOME||||||||| ||||||||2021f|2020
6| |UK Equities|||||||75,176|100.577| |UK Fixed Interest|||||||28,247|40,787| |Overseas
Equities|||||||28,748|29,573| |Overseas
Fixed Interest|||||||12,733|15.060| |Alternatives|||||||53,605|27,071| |Interest on Deposits|||||||91|343| ||||||||198600|213411| ## ## ## ## ## ||||||||2021|2020|2020| |---|---|---|---|---|---|---|---|---|---| ||||||||8||8| ||Audit Fee||||||1,002||996| ||Bank Charges||||||10||19| ||||||||1 012|1|015| |8.|DISTRIBUTIONS||||||||| ||Distributions||take account of income|||received on the creation|of units and income|deducted|on| ||the cancellation||||of units.||||| |||||||Pence per Unit|2021|2020|| ||||||||8||8| ||20 May|2021||||1.5544956|79,317|87,850|| ||20 November|||2021||2.3588273|120313|115680|| ||||||||199630|203|530| |8.|DEBTORS||||||||| ||||||||2021|2020|| ||||||||8||8| ||Amounts|due||from Fund Managers|||50,048|56,250|| ||Accrued|Income|||||40||1| ||||||||50088|56|251| |7.|CASH AT BANK AND IN COIF||||||||| ||||||||2021|2020|| ||||||||F||8| ||Cash at|Bank||(Income Funds)|||4336||216| |8.|CREDITORS||||||||| ||||||||2021|2020|| ||||||||8||8| ||Accruals||||||1 000|1|001| ## ## ## ## ## ||||2021|2020| |---|---|---|---|---| |Income|Reserve|as at 1 January 2021|55,466|46,601| |Transfer|to/(from)|Income Reserve|~2042)|8865| |Income|Reserve|as at 31 December 2021|53424|55466| ## ## ## |URCHASES||||||COST| |---|---|---|---|---|---|---| |192,000|AXA Investment||Management|||172,980| |1,180|Allspring
(Lux) Worldwide|||Fund||116,206| |5,050|Ocado Group|||||121,348| |12,600|National
Grid|||||108,898| |11,400|United
Utilities||Group|||104,061| |12,000|Segro|||||116,269| |110,000|Renewables|Infrastructure||Group||143265| |||||||883 027| |ALES||||||PROCEEDS| |17,620|Royal Dutch|Shell||||228,389| |2,160|Rio Tinto|||||123,920| |2,500|Astrazeneca|||||183,324| |11,500|Ishares
li Core||UK Gilts Ucits Etf|||161,829| |6,500|Legal &General UCITS pic Robo||||Global|129,906| |42,000|Pimco Global|Advisors
Investment|||Grade Credit ESG|456,560| |20,000|Blacrock World||Mining Trust|||113499| |||||||1 397427| ## ## ## ## ## |UNITED KINGDOM|UNITED KINGDOM||||||||| |---|---|---|---|---|---|---|---|---|---| |CASH BALANCES|||||||||| ||Quilter Cheviot|Investment|||Managers||20,808||| ||COIF Charities|Deposit||Fund|||1 072 133||| |||||||||1,092,941|11| |UK FIXED INTEREST|||||||||| |211,000|Allianz Global Investors|||GMBH Gilt||Yield|422,464||| |25,000|Ishares
li Core UK Gilts|||Ucits Eff|||347,875||| |4,700|Ishares
li I/L Gilts Ucits|||Etf|||99,570||| |245,000|FIL Investment|Services||Money Builder Income|||248,185||| |280,000|M &G Securities||Optimal||Income||287,840||| |260,000|Royal London Asset Management|||||Ethical Bond|309400||| |||||||||1,715,334|18| |UK EQU|ITIES||||||||| |50,000|Barclays||||||93,500||| |21,000|HSBC||||||94,217||| |8,850|Prudential||||||112,793||| |16,250|Smith (DS)||||||62,368||| |4,690|Compass Group||||||77,432||| |2,400|Experian||||||87,168||| |4,100|Persimmon||||||117,096||| |220,000|Lloyds||||||105,160||| |2,850|Halma||||||91,200||| |4,300|Relx||||||103,286||| |3,000|Aveva Group||||||102,120||| |3,850|Intermediate
Capital Group||||||84,469||| |1,230|London Stock Exchange||||||85,239||| |5,000|Smiths Group||||||78,975||| |50,000|Legal &General||Group||||148,750||| |8,500|B& M European||Value|Retail|||53,890||| |8,000|3i Group||||||115,920||| |52,500|Taylor Wimpey||||||92,138||| |1,870
6,000|Greggs
Ocado Group||||||62,402
100,680||| |16,160|Ascential||||||65,028||| |47,500|M&G||||||94,763||| |11,000|Unite Group||||||122,155||| |660|Ferguson||||||86,493||| |42,500
3,770|JD Sports Fashion
Smith 8 Nephew||||||92,565
48,765||| |1,300|Renishaw||||||62,140||| |12,000|National
Grid||||||127,176||| |10,800|United
Utilities|Group|||||117,612||| |1,900
7,500
50,000|Derwent
London
Segro
Urban Logistics||REIT||||64,885
107,738
93,500||| |1,310|Ashtead
Group||||||77840|3029463|30| |||||||||5,837,738|59| ## ## |||||Market Value|%oftotal| |---|---|---|---|---|---| |||||as at31.12.21
F
f|Portfolio| |EUROPE|||||| |EQUITIES|||||| |46,500
Blackrock Continental
European
23,500
Fidelity European
Trust|Income|||89,489
80,018|| |1,885
Just Eat Takeaway
10,400
Premier Portfolio Managers
Miton European||||76,833
35464|| |||||281,804|| |USA|||||| |EQUITIES|||||| |5,000
KBI Funds ICAV North America|Equity A inc|||102,170|| |52,000
Blackrock North American
Equity||||165,464|| |3,300
Sands Capital Funds US Select|Growth|||156,222|| |450
Granahan
Funds US SMid||||56,088|| |280,000
BNY Mellon Fund Managers
US|Equity|||389424
869,368|9| |FAR EAST|||||| |EQUITIES|||||| |48,500
Hermes
Fund Managers
8,300
Matthews
Asia Funds
60,000
Baillie Gifford &Co||||113,568
123,919
90180
327,667|3| |GLOBAL|||||| |EQUITIES
2,500
Allsping
(Lux) Worldwide
Fund
13,000
Fidelity China Special Situations
4,500
Smithson
Investment
Trust||||235,650
40,430
90900
366,980|4| |FIXED INTEREST|||||| |18,000
Pimco Global Advisors
Investment
Grade Credit ESG
370
NN Investment
Partners
Global Convertible||||192,060
44,670|| |387,500
AXA Investment
Managers
Short Duration|||High Yield|353788
590,518|| |ALTERNATIVE INVESTMENTS|||||| |49,000
74,137
315,000
20,000
122,600
104,000
53,906
20,000
International
Public Partner
Chrysalis
Investments
Charities
Property
Fund
Princess Private
Equity Holdings
Assure
The Renewals
Infrastructure
Group
Schiehallion
Fund
BMO Fund Management
Property||||83,300
181,636
432,086
243,102
85,575
139,776
51,812
242 492
1,459,779|15| |PORTFOLIO OF INVESTMENTS||||9,733,854|99| |NET CURRENT ASSETS||||53,424|| |NET ASSETS||||9787 278|100| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ##