2023-03-31-accounts - The Arthur Townrow Pensions Fund

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

			Unrestricted	Permanent	Total	Tofa/
			income	endowment	funds	funds
		Notes	fund	fund	2023	2022
Income
Investment income:
Income from	UK listed investments		141,837		141,837	168,601
Other Income	(Baskeyfield	Income)	5,370
Bank interest			63		63	14
Total Income			147,270		141,900	168,615
Expenditure
Raising funds;
Investment management		charges	21,072		21,072	22,716
Charitable activities:
Annuities			107,100		107,100	103,860
Administration	costs	2	27,119		27,119	25,436
Total Expenditure			155,291		155,291	152,012
Net income/(expenditure)		before gains and
losses on investments			(8,021)		(8,021)	16,603
Other Recognised Gains/(Losses)
Gains/(Losses)	on investments:
Realised				(68,722)	(68,722)	2,401
Unrealised				(403,608)	(403,608)	264,085
Net Movement	in Funds		(8,021)	(472,330)	(480,351)	283,089
Reconciliation	of Funds
Funds brought	forward at 1	April 2022	264,601	4,613,032	4,877,633	4,594,544
Funds carried	forward at	31 March 2023	256,580	4,140,702	4,397,282	4,877,633

			Notes		2023		2022
Fixed Assets
Investments					4,160,501		4,703,903
Current Assets
Debtors				92,155		42,996
Cash at bank				153,204		140,154
				245,359		183,150
Creditors:
Amounts falling due within one year			6	8,580		9,420
Net Current	Assets				236,779		173,730
Net Assets					4,397,280		4,877,633
Funds
Unrestricted	income fund				257,250		264,601
Permanent	endowment	fund			4,140,030		4,613,032
					4,397,280		4,877,633

ADMINISTRATION CO	STS
		2023 8	2022f
Secretarial services		16,750	16,000
Independent examiner's	remuneration:
Fees for independent	examination	7,820	7,400
Other services		1,000	1,000
Costs oftrustees' meetings and other expenses		130	120
Printing, stationery, and	postage	1,419	916
		27,119	25,436

			2023	2022
3	FIXEDASSET INVESTMENTS
	UK listed investments:
	Market Value 1 April 2022		4,703,903	4,396,345
	Additions		464,664	112,654
	Disposals		(578,989)	(69,181)
	Net unrealised investment	gains/(losses)	(429,076)	264,085
	Market Value 31 March	2023	4,160,501	4,703,903
	Historical Cost 31 March	2023	2,896,121	2,873,208
4	DEBTORS
	Accrued investment income		3,605	1,314
	Income tax recoverable			100
	Funds in hands ofthe stockbroker		88,550	41,582
			92,155	42,996
5	CASH AT BANK
	Deposit accounts		47,688	47,625
	Current accounts		105,518	92,529
			153,206	140,154
6	CREDITORS: Amounts	falling due within one year
	Annuities for March 2023		180	1,020
	Accruals		8,400	8,400
			8,580	9,420

				Net
				current	Total
			Investments	assets	2023
Unrestricted	Income Fund		108,349	148,231	256,580
Permanent	Endowment	Fund	4,052,152	88,550	4,140,702
			4,160,501	236,781	4,397,282
				Net
				current	Total
			Investments	assets	2022
Unrestricted	Income Fund		132,453	132,148	264,601
Permanent	Endowment	Fund	4,571,450	41,582	4,613,032
			4,703,903	173,730	4,877,633

						Md I	rum	I	IU	IU	R	3	9			0	0 8	M dt t	0 I
						31222			dug				7				9 '" 3 I	31.323	at 31.3.23	Income 2023	I 2022
Summary										6			6				6	E	t	E
Eo IySh						4,114,955		335,634				(42~,960)		t60,260)			(362,134)	3,607 234	2.313.576	124.062	151,680
G IS**						25D,718		119.090					(08034)	(9,135)			(20,990)	26D 055	276.55e	2,042	a,ore
Investme tCompanm						320,230			10934								(45,9SKI	293,212	305,909	14,233	IEeca
						4.703.903		464		664		(509,504)		(60,305l			t429.D76l	4,160.501	2,096,121	141.837	rea,Gor
						Sl kt units t 31.3.22	Ao		gl dU Ig 7		R	li	tions ddg	R (m	gams I	Unreag d		am k» atltt4 at 31.3.23	0» at 31.3.39	I come 2029	f 2922
Eguily Sharag						6				E			8		E		6	E		E	E
A
1500(2022r75)C			St	d	U0$0.01	105,926											(60,290)	125,039	32,998
BSH RI	T
7500000	UW			fto.ol		137.100											(23.709)	113.400	75470	4,608	4.136
BHP Gmup
4,0000»	Ueh			IUSSOAD		118.000											(15.700)	102,300	30770	9,033	10,270
0P
IG,OODOM	emcee		es»uGKO. EG			50,303											20317	76,620	eG aee	3,002
Catt	I
2,927 Om	U Sh			IL0.10609756		222,768											(39,070)	183,690	7751	2920
Dech Pha	aceutcal ~
2,000 Unlearn	eh			f6021		81,120											(20,120)	53 DDD	50 511	000	eio
D g 5.090 Om	U eha		sof6029935195			193,175											(12475)	100,700	1,463	3,809	362s
EsglyAB s	ft!' 0
3,750 Onl nary gha						67,542											19,201	06,833	60,042	I 461	I 001
Gl x Bmihhl
7,000 Ordinary Sha			~	IE025		115,304							(54,520l				(60,775)
Gl* 0 UKI
5,600 Om	U Sh			Ittl 3125					54,529								25,495	80.024
H I Pl
7,099 Om	U eha	es of60.01							12459				(17250)		4 125		674
HI
7,599ongnamgh			*	fE0,10		100,250											(21.075)	167.175	12,030	1,454	1.360
H R IPLC
100,00D Oml	U eh				fE0.01	124000											(05.950)	30050	112,654	4,130	2,272
p *E 35,0000 d	ache			I	KD 10	163,450											(13,475)	149,975	Itnt,727	1,400	980
J m M Ih	s H		Id	0	Ltd
2.490 Om	U Sh			IUS$025		IGD 379											(5,855)	94,524	72.794	4 202	23»5
Lg lgG 350000d	IG p USh»EDJ125					95.200											(11505)	83.615	53.390	6.549	6.237
LXIREIT
129,551 Om	U Sh			*fEDDl		187,295						(125,990)		(61,297l						7.870	7542
M!IG Pl
35,0000»	Um			IED.DG		77,420											(e.iao)	69.300	05301	6,440	0216
Ml f1C n
750 (2021-1,000)		I		$0001		234,453							(55,379)		(3.234l		t5D5)	175,335	65,502	1,599	I.rea
cerned f m	d					2,347 7G			6G.988			(2 3,1G4)		(G0,4DGI			(320918)	I 700,2G	92,0GG	G3,012	G0,2 4

					md I	Acnu) a)gona	eo 04	R	0	d		Iuarfrst	0 m
					t	dU Ihg	dunng		9 '			value at		Income	In
					S1.3.22	ymf					gooses)	31.3.23	31.3.23	2323	2422
Equity Shares (continued)						2				2	E	8		E	E
ho ghtf					2,347705	ss,ges	(253 104)	(60,406)			(320.910)	1,78D 265	925 866	63912	60254
Nav* I Gdd
13970Om G Sh			f70.12431289		163,704						(ID.003)	153,101	54.381	7,209	0,897
N ee
1,250 CNF010					123,036						(304)	123,OI2	63,749	1,875	1,745
P Gap
6,M0 Onl Sh of20.6105					7'1,660						(13,309l	50,261	51,881	2,652	ar,fed
Pol C pllF d	Gl	b	II sconce
20,000Shares					130.74D						9,$!6	140,320	105,537	E.ote	1,710
1,500 Ordnan Shares		of ED.ID			91,215						(9,045)	S2,170	10,165	8539	19,391
RITc pt I p n *
6,0000 dl %01		IE1.00			153,000						(37,800)	115,200	102,501	2,220	2,115
Royal Oumh Shell 7,500 '8" Od Gsh		mofd0.07			150,130						IB,D00	173,138	05.462	0,473
Pl
15,0000 0 GBP0 10						114433					707	115,140	114,433
Serne AG NPV (REGD)
I,esp ordlnan sha	s				105,557						2S,795	131,352	99,089	2,7M	2,460
S th SNmhm
10.000Oml n Sh			IUS50.20		122,0M						(9.000)	112,200	sa.cca	3,131	2,712
Smrth (Ds)
25,4540 d Geh		IE0.10			01,907						(1,034)	00,M3	67,060	5,345
Drncona Umf led
40,0300ml ansh							(53.347)		tf 653)
TP ICAP
49 MO Unman Shares elEoas					72,667						15,582	80,249	126001	4,900	2.940
U I *
38000m) Gsh		ItD31111			103,650		(I11,441yr		7,799					1,077	dear
Venzon C mu
2,500C Smm *IUssb,lb					96.043						(10,004)	70,039	52,023	4,535	3,916
750Class 'A' Shar s m USDSOMI					126.403						10,635	137.110	115,575	072	351
Vod f G p
75,MD Om Sh	fU8502095238				93,630						(26,655)	G!,975	1212H3	s,830	5,694
wl d~ u I Is			tea Elfs physnal	Gold
1,000 On)man Shares		at	E140.04657			141,203					9,047	150,250	141.203
W~ d E «gyGnnpLtdcrdNPV(DD
722 BookCost Ad)us	bnenl		In			13,010						13,075	13,010	1,556
Ils pal srrm enr					4,114055	335,634	(420,960)		(60,200)		(362,134)	3007,234	2,313,576	124,062	15f.600

							M mm	Assn)	ae	~	R	ti		R	li	d	6 4	Mml	0
							I est		dunhg			dana	8		9		9 In	4lu I		m	n
							118.22			I			l	gee		I	(I	31.323	31A23	2023		2022
Government			Secsrlties				E						E				E		E	f.		E
EI25.0DO 0.252 BDS
T	suly	Stock	2025					118,096									(1,033)	117,063	118,054
E75,000(E120,000				2021I I25S Index-Linked
T	um	Btmh	2032				2S0,718					(83,634)			(0,135)		(19,957)	142,992	ige,so2	2m2		3,070
A	per summam						200.710	110,090				(BB,M4)			(9,135)		(20,990)	2$1,055	276,556	2042		3.070
							M mm	A qui	iti		Reaesaaonc			Resessd				nl m t	Com
							value at		dc lhg			d lg			g h		gains	vnle4 nt	t	Ihnem	I
							31.522		7			7					0 I	31.3.22	31.3.23	2023		2022
Investment			Companies				2			2			2			E	E	E	6	E		2
I tern tl		IP	hli	P 4	hips nd
02,20500) m59					IEOD001		142313		10,034								(24,203)	129,040	104742	6,550		6.137
St	tes	S d209,955.472				h	185912										(21,746)	104,166	201,247	7,603		7700
As	p						328,230		10934								(45,952)	293,212	305,989	14.233