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|Registered|charity|charity|number|255966||||||
|---|---|---|---|---|---|---|---|---|---|
|Trustees||||Blenheim
Tntstee Company|||No|I Limited||
|||||Blenheim
Trustee Company|||No|2 Limited||
|||||The Trustees act in an|executive|||capacity||
|Accountant||||Stephen J Spare FCCA||||||
|||||The Estate Oftice, Blenheim|||Estate,||Woodstock.|
|||||Oxon OX20
IPP||||||
|Independent||Examiner||KBDR Limited||||||
|||||The Old Tannety,
Hensington|||Road, Woodstock|||
|||||Oxon OX20 IJL||||||
|Bankers||||Barclays Bank PLC||||||
|||||14 Park Street, Woodstock,||Oxford|||OX20 ISW|
|Investment|Managers|||Waverton
Investment|Management||||Limited|
|||||21 StJames's Square||||||
|||||London||||||
|||||SWIY4HB||||||
|Solicitors||||Withers LLP||||||
|||||16Old Bailey, London|EC4M 7EG|||||
|Administration||Office||Blenheitn
Palace||||||
|||||Woodstock, Oxford OX20||IPX||||
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##
|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Expendable|Total|Total|
||||||Income|Endotvment|Funds|Funds|
|Incoming|Resources||||||||
|Dividends|and interest|received|||||||
|from investments
- page|||15||29,198||29,198|10,487|
|Interest on|bank deposit||accounts||||||
|Gross|||||1,075||1,075||
|Total incoming
resources|||||30,273||30,273|10,496|
|Resources|Expended||||||||
|Charitable|activities||||||||
|Charitable|distributions||- page|12|21,250||21,250|30,750|
|Cost ofgenerating
funds|||||||||
|Investment|management||fees|||14,318|14,318|6772|
|Governance|costs||||||||
|Trustees' expenses:|||||||||
|Independent|Examiner|fees||||1,560|1,560|1,560|
|Legal fees||||||600|600||
|Total resources expended|||||21,250|16,478|37,728|39,082|
||||||9,023|(16,478)|(7,455)|(28,596)|
|Realised profits, less losses, on investments|||||- page 15|80,877|80,877|611,918|
|Decrease
in|unrealised|profits,||less losses,|||||
|on investments
—page 11||||||(72,396)|(72,396)|(449,903)|
||||||9,023|(7,997)|1,026|133,429|
|Transfer fronv'(to) Trust|||Fund|—page 8||7,997|7,997|(133,429)|
|Transfer to|Unrestricted||||||||
|Income account —page||8|||(9,023)||(9,023)||
##
|||2023|2022|
|---|---|---|---|
|||f.||
|Balance at 6 April 2022||1,920,750|1,787,321|
|Transfer fiom Statement ofFinancial||||
|Activities
- page 7 and 11||(7,997)|133,429|
|Balance at 5 April 2023 - page 9||f1,912,753|f1,920,750|
|The Trust Fund is the same as the Expendable|Endovvment|||
|||2023|2022f|
|---|---|---|---|
|Balance|at 6 April 2022|||
|Transfer|from Statement ofFinancial Activities —page 7|9,023||
|Balance|at 5 April 2023 —page 9|J9,023||
##
||||B|ALAN|CE SHEET AS|AT 5APRIL|2023|||
|---|---|---|---|---|---|---|---|---|---|
||||||||2023||2022|
|FIXED ASSETS||||||||||
|INVESTMENTS|at Middle market|||value|- page 15|||1,868,035|1,736,394|
|CURRENT ASSETS||||||||||
|BALANCES AT|BANKERS|||||||||
|Barclays Bank PLC, Woodstock||||||||||
|Business Premium|account|||||21,332|||17,630|
|Cun'ent account||||||100|||100|
|Waverton
Invesnnent||Management||Limited||||||
|Capital account||||||30,425|||166,602|
|Incolne account||||||7,754|||2,434|
|DEBTOR||||||||||
|Blenheim
Agency|Limited||||||||950|
|Total current
assets||||||59,611|||187,716|
|CREDITORS||||||||||
|KBDR Limited||||||1,560|||1,560|
|Waverton
Investment||Management||Limited||3,100|||1,800|
|Withers LLP||||||600||||
|Blenheim
Agency|Ltd|||||610||||
|Total current
liabilities||||||5,870|||3,360|
|Net current
assets||||||||53,741|184,356|
|Total assets less current|||liabilities||||f.1,921,776||f1,920,750|
|Represented
by:||||||||||
|Trust Fund - page|8|||||||1,912,753|1,920,750|
|Income account - page||8||||||9,023||
|Total funds|||||||E1,921,776||k1,920,750|
##
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##
|These comprise|the following:—|2023|2022|
|---|---|---|---|
||||g|
|Unrealised
net|gains at year end —page 15|133,391|205,787|
|Vnrealised
net|gains at start ofyear —page 15|(205,787)|(655,690)|
|Net(decrease)/increase
- page 7||f(72,396)|f(449,903)|
##
|This coinpr|is|es
the fo|llo|wing|:-|||
|---|---|---|---|---|---|---|---|
|||||||2023
g|2022f|
|Realised profits, less|||losses,||on investments|80,877|611,918|
|Change
in|unrealised||net profits at year end|||(72,396)|(449,903)|
|||||||8,481|162,015|
|Less||||||||
|Trustees'
expenses||||||||
|Accountancy||charges||||||
|Independent||Examiner fees||||1,560|1,560|
|Investment||management||fees||14,318|6,772|
|Legal fees||||||600||
|||||||16,478|8,332|
|||||||(7,997)|153,683|
|Charitable|donations||funded||from capital||(20,254)|
|Net transfer||- page 8||||f(7,997)|8133,429|
##
##
##
|Age UK Oxfordshire|||1,500.00|
|---|---|---|---|
|Agnes Smith Advice Centre|||1,000.00|
|Andrews
Hedgehog
Hospital|||1,500.00|
|Blue Cross Burford|||1,000.00|
|Bumble Bee Conservation|Trust||500.00|
|Helen & Douglas House|||1,000.00|
|Homeless
Oxfordshire|||2,000.00|
|Mactnillan
Cancer Support|||1,000.00|
|Marie Curie|||1,500.00|
|OSARCC R/C|||1,500.00|
|Oxford Community
Foundation|||250.00|
|Psoriasis Association|||1,000.00|
|RSPB|||500.00|
|Sobel House Hospice Charity||Ltd|1,000.00|
|Spencer Court|||1,500.00|
|Thames ValIey Air Ambulance|||1,000.00|
|The Brooke Hospital
for Animals|||1,000.00|
|Woodstock
Exhibition
Foundation|||1,000.00|
|Woodstock Relief in Need|Charity||1,000.00|
|Wootton Youth Club|||500.00|
|Total payments
—page 7|||f21,250.00|
##
||||SCHEDULE OF INVESTMENTS|SCHEDULE OF INVESTMENTS|AND THE INCOME RECEIVED|AND THE INCOME RECEIVED|THEREON|THEREON|FOR THE YEAR|ENDED 5APRIL 2023|ENDED 5APRIL 2023||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||Dividends||and Interest Received||
|||At 6 A|ril 2022|Purchases||||Sales|||At 5 A
ril 2023||Durin|the Year Ended 5 A||ril 2023|
|||Nominal|Book Value|Nominal|Cost|Nominal|P|d|~Pf/L|Nominal|Book Value|Market value||Gross|Tax|Net|
|OVERSEAS SECURITIES|||||||||||||||||
|Abrdn
Physical Gold|||||||||||||||||
|Shares (ETF)||4,000 shares|56,730.73|||1,500 shares|22,460.38||1,186.36|2,500 shares|35,456.71|38,851|||||
|Alleima AB|||||||||||||||||
|Shares ofNPV||||640 shares|2,572.99|640 shares|2,072.58||(500.41)||||||||
|Advanced
Micro Devices|||||||||||||||||
|Shares||||760 shares|53,047.56|||||760 shares|53,047.56|56,496|||||
|Alphabet
Inc|||||||||||||||||
|A Shares ofUS$0.001||23 shares|46,184.67|437 shares|stock split|||||460 shares|46,184.67|38,595|||||
|Amadeus
ITGroup SA|||||||||||||||||
|Shares of60,01||750 shares|36,404.27|||||||750 shares|36,404.27|40,290|||||
|Amazon
Com Inc|||||||||||||||||
|Common
shares ofUS$0.01||18 shares|40.443.07|342 shares|stock split|||||360 shares|40,443.07|29,230|||||
|American
Express Co
Common
shares ofUS$0.20||400 shares|56,907.82|||||||400 shares|56,907.82|51,746||693.91|104.09|589.82|
|Anglo American
Shares ofUS$0.54945|(London quote)|||1,670 shares|46,426.50|270 shares|8,662.67||1,156.59|1,400 shares|38,920.42|36,544|||||
|Asahi Group Holdings
Shares||1,800 shares|59,736.51|||||||1,800 shares|59,736.51|54,478|I|258 37|192 71|1 065 66|
|Autoliv
Inc|||||||||||||||||
|SDRs ofUS$1||650 shares|42,891.69|||||||650 shm es|42,891.69|46,034|1,393.04||417.90|975.14|
|Berkshire
Hathaway|||||||||||||||||
|BCommon
shares||390 shares|38,372.89|||170shares|41,363.97||24,637.33|220 shares|21,646.25|54,841|||||
|Canadian
Pacific Railway
Common
shares|Ltd|||750 sfiares|50,586.45|||||750 shares|50,586.45|45,623||176.96|44.24|132.72|
|CME Group Inc
A Shmes ofUS$0.01||230 shares|41,044.88|||||||230 shares|41,044.88|36,055|1,643.00||246.45|1,396.55|
|Costco Wholesale
Coi)&oration
Common
stock ofUS$0.005||110shares|28,786.65|||25 shares|9,973.34||3,430.92|85 shares|22,244.23|33,937||292.54|43.88|248.66|
|Carried
foixvard|||447,503.18||152,633.50||84,532.94||29,910.79||545,514.53|562,720|5,457.82||1,049.27|4,408.55|
##
##
||||||||||||||||Dividends|Dividends|and Interest|Received|Received|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||At 6 A ril 2022|||Purchases|||||Sales|||At 5 A
ril 2023||Durin|the Year Ended 5||A|ril 2023|
|||Nominal|Book Value||Nominal||Cost|Nominal|P|f|~Pfi / L|Nominal|Book Value|Market value||Gross|Tax||Net|
|||||||||||||||8||||||
|OVERSEAS SECURITIES||||||||||||||||||||
|Brought
fortvard|||447,503.18|||152,633.50|||84,532.94||29,910.79||545,514.53|662,720|5,457.82||1,049.27||4,408.55|
|Deutsche Telecom AG||||||||||||||||||||
|Shares (Regd)||2,800 shares|37,061.94||||Capital|distribution|1,496.37|||2,800 shares|35,565.57|56,547||||||
|DuPont de Nemours,
Shares ofUS$0.01|Inc|660 shares|38,515.03||220 shares|12,109.24||||||880 shares|50,624.27|49,726||987.56|148.15||839.41|
|Hitachi||||||||||||||||||||
|Shares ofNPV||1,500 shares|56,012.54|||||400 shares|17,177.15||2,240.47|1,100shares|41,075.86|48,439|1,230.91||188.52||1,042.39|
|IBM Com||||||||||||||||||||
|Shares ofUS$0.20|||||385 shares|46,645.73||||||385 shares|46,645.73|40,858||532.33|79.85||452.48|
|Inditex
Shares of60.03||2,300 shares|41,349.07|||||||||2,300 shares|41,349.07|62,020|1,817.40||345.31||1,472.09|
|Linde PLC||||||||||||||||||||
|Shares of60.001||180shares|44,191.81|||||40 shares|10,687.75||867.35|||||528.54|||528.54|
|Shares ofEURO.OO I||||||||||||140 shares|34,371.41|39,983||144.53|||144.53|
|Marsh & McLennan
Cos Inc
Common
shares ofUS$1.00||600 shares|11,495.53|||||230 shares|27,684.94||23,278.32|370 shares|7,088.91|49,981||807.13|121.08||686.05|
|Microsoft Corporation
Common
shares ofUS$0.00000625||240 shares|19,738.63|||||70 shares|15,542.83||9,785.73|170 shares|13,981.53|38,821||520.19|78.04||442.15|
|Novo Nordisk AS||||||||||||||||||||
|Series Bshares ofDKK0.02||640 shares|46,482.37|||||640 shares|58,929.91||12,447.54|||||307.28|82.97||224.31|
|Qualcomm
Inc
Com shares ofUS$0.0001||450 shares|56,255.62|||||||||450 shares|56,255.62|44,467|1,113.38||167.03||946.35|
|Sandvik AB
Shares||2,200 shares|38,388.25|Apportion
to Alleima
1,000 shares||AB (2,572.99)
16,170.85||200 shares|3,054.12||(195.01)|3,000 shares|48,736.98|49,362|1,093.04||327.91||765.13|
|Siemens AG||||||||||||||||||||
|Shares (Regd)||400 shares|41,756.34|||||||||400 shares|41,756.34|50,457|1,496. 13||394.61||1,101.52|
|TE Connectivity
Ltd
Common
shares ofCHF1.37||460 shares|47,63940|||||||||460 shares|47,639.40|45,991||852.15|||852.15|
||||926,389.71|||224,986.33|||219,106.01||78,335.19||1,010,605.22|1,139,372|16,888.39||2,982.74||13,905.65|
##
##
|||SCHEDULE OF|INVESTMENTS|AND THE INC|OME RECEIVE|D TH|EREON|FOR THE YEA|R ENDED 5A|PRIL 2023|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||Dividends|and Interest Received||
||At 6|A ril 2022|Purchases||||Sales|||At 5 A
ril 2023||Durin
the Year Ended 5 A||ril 2023|
||Nominal|Book Value|Nominal|Cost|Noni ina I|P|K|~PI IL|Nominal|Book Value|Market value|Gross|Tax|Net|
|OVERSEAS SECURITIES|||||||||||||||
|Brought
fotxvard||926,389.71||224,986.33||219,106.01||78,335.19||1,010,605.22|1,139,372|16,888.39|2,982.74|13,906.65|
|Union Pacific Corporation
Common
shares ofUS$2.50|300 shares|55,452.47|||300 shares|58,806.72||3,354.25||||267.13|40.07|227.06|
|United Overseas
Bank Ltd
Shares|3,200 shares|55,836.18|||700 shares|13,131.67||917.51|2,500 shares|43,622.02|45,280|2,290.86||2,290.86|
|United
Health Group
Common
shares ofUS$0.01|||120shares|49,474.83|||||120 shares|49,474.83|49,077|161.37|24.21|137.16|
|UPM-Kymmene
Corporation
Shares|||1,670 shares|47,278.36|||||1,670 shares|47,278.36|45,251||||
|Visa Inc
Coininoij stock ofUS$0.0001|350 shares|56,724.48|||90 shares|16,312.39||1,726.10|260 shares|42,138.19|47,644|460.38|69.05|391.33|
|Waverton
Asia Pacific Fund
A f. Shares|1,850 shares|44,556.28|||||||1,850 shares|44,556.28|61,512|568.23||568.23|
|Waverton
Global Strategic Bond Fund
A US$ shares|||12,000 shares|75,992.14|||||12,000 shares|75,992.14|75,759|788.82||788.82|
|Waverton
Real Assets Fund
A f.income shares|7,200 shares|74,304.00|||3,200 shares|29,568.00||(3,456.00)|4,000 shares|41,280.00|35,520|2,648.13||2,648.13|
|Waverton
Sterling Bond Fund
Af shares|12,500 shares|122,200.00|7,500 shares|62,352.50|||||20,000 shares|184,552.50|168,700|4,474.54||4,474.54|
|Waverton
UK Fund
AIshmes|14,000 shares|195,144.00|||||||14,000 shares|195,144.00|199,920|3,765.89||3,765.89|
|||1,530,607. 12||$460,084.16||$336,924.79||f80,877.05||1,734,643.54|$1,868,035|f32,313.74|f3,116.07|f29,197.67|
|||||||||(page 7)|||(Page 9)|||(Page 7)|
|Unrealised
net gains —page 11||205,786.88||||||||133,391.46|||||
|Market value||$1,736,394.00||||||||g1,868,035.00|||||