2021-04-05-accounts - The Neighbourly Charitable Trust

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Trustees		John Sell
		Emma Simpson
		Barbara Rutter
		Sharon Long					(Appointed	19May 2020)
Chief Executive and Secretary		Paula Griffiths
Charity number		258488
Principal address		1st Floor
		8-10Upper Marlborough			Road
		St.Albans
		Hertfordshire
		AL13UR
Independent	examiner	Gilberts Chartered	Accountants
		Pendragon House
		65 London Road
		StAlbans
		Hertfordshire
		AL1 1LI
Bankers		HSBC Bank pic
		1Market Place
		Hitchin
		Herffordshire
		SGS 1DR
Solicitors		SA Law
		Gladstone Place
		36-38 Upper Marlborough				Road
		StAlbans
		Herffordshire
		AL13UU
Investment	advisors	Rathbone Greenbank		Investments
		10Queen Square
		Bristol
		8514NT

								Unrestricted	Unrestricted
								funds	funds
								2021	2020
							Notes	6	6
Income from:
Rental income								(386)	(1,188)
Investments								48,563	59,475
Totalincome								48,177	58,287
~ECht
~Rii 1 c
Trustees' expenses									1,490
Independent examiner's				fee				2,560	2,192
Investment management								12,419	11,941
								14,979	15,623
Charitable activities
Depreciation								20,000	20,000
Grants								32,403	29,410
Transfer to/(from)			replacement			reserve		20,000	20,000
Total charitable	expenditure							72,403	69,410
Total resources	expended							87,382	85,033
Net gains/(losses)		on revaluation				of fixed assets
Net gain/(loss)	on	revaluation			of investments			614,741	(268,744)
Net gain/(loss)	on	disposal of investments						95,201	5,037
								709,942	(263,707)
Net income/(expenditure)				for the year				670,737	(290,453)
Net movement	in	funds						670,737	(290,453)
General reserve	at		6April 2020					1,604,920	1,895,373
General reserve	at		5April 2021				11	2,275,657	1,604,920

			2021		2020
		Notes	E		E
Fixed assets
Tangible assets				397,664		417,664
Quoted investments				2,904,932		2,179,456
				3,302,596		2,597,120
Current assets
Debtors			20,383		2,494
Cash at bank and in	hand		302,070		334,635
			322,453		337,129
Creditors: amounts	falling due within one
year		10	(5,298)		(5,235)
Net current assets				317,155		331,894
Total assets less current liabilities				3,619,751		2,929,014
Income funds
Restricted funds				1,227,306		1,227,306
Unrestricted funds				2,392,445		1,701,708
				3,619,751		2,929,014

Freehold	Land	Land		Not depreciated
Narrow	boat	Sheldrake	III	25 years
Yacht Norma		Olive		20years

		2021	2020
		E	E
Gross rents
Less property	expenses	(386)	(1,188)
		(386)	(1,188)

					2021	2020
					E	E
Trustees'	expenses					1,490
Auditors'	remuneration				2,560	2,192
Stockbroker		ma nag	ment	fees	12,419	11,941
					14,979	15,623

Grants payable
					2021	2020
9 Lives Furniture					1,000
Anglmg 4Success					1,000	1,000
Autism Beds					1,500	1,000
Beds &Northants MS	Therapy Centre				1,000
British Dyslexia					500
Carers in Hertfordshire					1,000	1,000
CHUMS					2,000
Church Farm Ardeley	CIC				1,000	1,000
Country Days					1,000
C-Salt St Albans Leisure					(750)	750
Daylight Club					1,000	1,000
Demand Abbots Langley					1,000	1,000
Earthworks StAlbans					1,500	1,000
East &North Herffordshire			Hospitals	Charity	1,000
Families United Network						660
Friends of Chums						1,000
Friends ofSt Luke' s					500
Garden House Hospice		Care			500	500
Happy Days Childrens	Charity					1,000
Hertfordshire Hearing		Advisory				500
Herts Disability sports		Foundaoon				750
Herts Inclusive Theatre						1,000
Home Start					1,000
Hospice ofSt Francis						1,000
Keech Hospice Care Luton					1,000
KIDS London N1					500
Kids Out					500	1,000
Level Trust						500
Maclntyre						1,000
Motor Neurone Disease Assoc South				Herts Branch	1,000
Mudlarks Community		Garden				750
Music for my Mind					500
Music in Hospitals						500
Open House Bedford					500
Peace Hospice Care					500
Rennie Grove Hospice		Care			1,000	1,000
Respite at Home						1,000
SPACE						500
Special Needs Out of	School Club in			Beds	1,000	750
Stepping Stones						1,000
The Cogett School						500
The Gifted Waltham	Cross		Herts			500
Trestle Theatre Company					1,000
The Pace CENTRE						1,000
The Pepper Foundation						750
Trestle Arts Theatre						1,000
Waterways Experience					9,153
Watford MENCAP						1,000
Watford Workshop						1,000

Youthscape		1,300
	32,403	29,410

Tangible fixed assets
		freehold	Land	Narrow boat	Yacht Norma	Total
				Sheldrake el	Olive
Cost
At 6April 2020		42,000		221,788	250,664	514,452
At 5 April 2021		42,000		221,788	250,664	514,452
Depreciation and impairment
At 6April 2020				76,788	20,000	96,788
Depreciation charged	in the year			10,000	10,000	20,000
At 5 April 2021				86,788	30,000	116,788
Carrying amount
At 5April 2021		42,000		135,000	220,664	397,664
At 5April 2020		42,000		145,000	230,664	417,664

						Number of	Historic				Histo die
						Ordinary	Cost				Cost	Market Value
Investments						Shares held	2020	Addidons	Disposals	Adj Book	2021	2021	2020
										Value
Equity Investments
Aquila European	Renewables					23,000		22,188			22,188	20,410
Befiway PLC						700	22,446				22,446	24,171	13,346
Civitas Social Housing						19,000	19,467				19,467	20,444	18,335
Coats Group						52,800	22,452	11,617			34,069	29,568	9,855
Dechra Pharmaceutricals						1,000	4,058				4,0SB	34,420	23,920
Digital 91nfrastructure			pic			28,000		28,237			28,237	28,210
Ecofin US Renew	Infrastructure					29,562		21,936			21,936	21,802
Experian						1,000	27,987				27,987	25,460	21,140
FDM Group Holdings		pic				2,000		18,135			18,135	20,320
Foresight Solar Fund		Ltd					17,583		17,583				18,563
Genuit iformerly	Polypipe Group)					3,200	13,405				13,405	18,144	13,344
Glaxo SmithKline						1,730	20,211				20,211	22,102	25,767
Greencoat UK Wind						21,064	23,275				23,275	27,257	27,847
Halma						1,295	4,823				4,823	31,572	24,469
Hikma Pharm						1,300	27,590				27,590	30,147	29,627
Hig &Smith							19,183		19,183				17,119
Home Reit pic						26,000		26,232			26,232	29,640
HSBC US shares							22,141		22,141				13,505
1mpax Asset Mgmt 1p ord shares						3,300	14,681		6,607		8,075	26,730	16,770
Impax Environmental		Markets			PLC	10,200	8,177				8,177	45,084	25,092
Intertek Group						550	4,705				4,705	31,460	24,519
IPGroup pic						15,000		17,582			17,582	18,900
Johnson Matthey							15,012		15,012				15,926
KBIAsset management			Water		Fund
Instl Class A						1,315	14,222			387	14,609	43,537	28,770
Keller Gp						4,000	19,181	12,783			31,964	32,480	9,538
Legal &General						13,405	19,304				19,304	38,003	21,408
Landonmetnc Property						15,000	25,039				25,039	32,760	26,715
M& G							900		900				2,068
Marks and Spencer							29,832		29,832				4,850
Marshafis Group						3,200	25,977				25,977	21,952	16,624
National Grid						4,350	33,113				33,213	37,562	36,618
Octopus Renew	mfrastructure				trust	30,741	30,985				30,985	35,352	30,741
Prudential						1,890	5,636				5,636	29,323	17,392
Rsnewables Infrastructure				NPV		36,666	34,681	4,100			38,781	44,953	41,933
Renewi PLC						69,400	14,589	14,246			28,835	33,937	3,248
Rm Tinto							12,291		12,291				20,686
ilsche						150	35,953				35,953	35,191	40,390
Rsckwool intl SA DKK			10shares			140	28,978				28,978	42,741	19,684
Schroders						610	20,131				20,131	21,637	14,158
Shxnano inc NPV shares						200	24,124				24,124	34,683	22,027
smith &Nephew						2,200	6,077				6,077	29,909	29,986
Smith DS						7,509	25,711				25,711	31,057	19,125
Spectris PLC						640	8,602				8,602	21,862	14,694
Sprrax Sarco Englneerrng						425	3,626				3,626	49,258	33,405


Quoted investme	nts									iContinued)
				Number of	Historic				Historic
				Ordinary	Cost				Cost	Market Value
Investments				Shares held	2020	Additions	Disposals	Adi Book	2021	2021	2020
								Value
SSE				1,600	24,783				24,783	23,312	17,168
Equinor ASA NOK 2.5 shares				3,000	46,140				46,140	42,466	31,618
Swiss Re AG				275	22,229				22,229	19,752	16,333
Tomra Systems ASA	NOK 1shares			1,150	21,489				21,489	36,030	25,221
Unilever				800	25.202				25,202	32,176	32,296
Vesta Wind Systems	DKK1shares			240	27,911		8,772		19,139	35,676	23,754
Victrex PLC				1,040	18,462				18,462	23,379	19,625
Vodaphone US SOrd shares		post
consol'n				15,711	31,730				31,730	20,999	17,442
Xylem Inc				650	42,955				42,955	49,788	32,078
					967,049	177,056	132,321	387	1,012,172	1,405,616	1,008,738
Funds
Aberdeen Standard	Life Investments
Gbl Index linked bond 5 Inc				72,000	60,436		19,769		40,667	43,639	62,595
Alfen NV Euro shares				375		23,130			23,130	23,056
Aptlv PLC USS				400	25,792				25,792	40,885	14,125
ASML Holdings NV				100	20,254		6,751		13,503	44,949	30,145
Assa Abloy				1,500	22,152				22,152	31,133	20,684
Autodesk Inc				94		18,731			18,731	19,507
Beyond Meat Inc				210		21,551			21,551	19,890
Brown Advisory Funds US
Sustainable growth	C Inc			6,200	55,302				55,302	93,936	64,482
CHR Hansen				400	28,288				28,288	26,323	24,156
Dexcom Inc				110		27,447			27,447	29,149
F8CPortfolios Fund now BMO
Responsible Global	EM Equity		R	3,700	46,025				46,025	58,053	42,402
FIIC Fund Manag Steward		Intl	2 inc
new BMO					26,058		26,058				53,523
first State Invs GblEM Sust		8Acc
nnw Stewart investors					29,880		29,880				37,231
Fret State-Asia Sus	Acc 8 now
Stewart investors				8,700	22,511		8,247	321	14,585	66,507	71,624
Fund Partners Ltd IM WHEB Sue C
Iiic				47,000	51,826				51,826	96,618	66,326
Hannon Armstrong	Suet Infra			535		20,735			20,735	20,682
mpax Funds Ire PLC Environmental
Mkts Acc				17,000	29,361				29,361	40,919	24,021
Infineon Technologies AG				990		30,974			30,974	30,611
lsnus Henderson Global Investors
Global Care growth	I inc			18,700	53,903		12,928		40,975	92,846	80,122
leeS Mason Global	Funds
Clearbridge US Equity Gust		5 Hgd		770		73,248			73,248	108,470
Hentrust Futures Sus UK Growth
Fulld				10,500	24,670			190	24,859	28,357	18,843
Mayfair Capital Investment
Management Property Inc		Trust		45,691	38,754				38,754	37,530	39,842


Quoted investme	nts								(Continued)
			Number ef	Historic				Histodic
			Ordinary	Cost				Cost	Market Value
Investments			Shares held	2020	Additions	Disposals	Ad) Book	2021	2021	2020
							Value
									6	E
Sam Smart Energy Fund now
Robeccosam			630	10,504				10,504	29,516	15,000
Schroder Investment	Management
Global Energy Trans	E Hgd	A«c	230					26,841	40,281
Visa lnc			275	34,416				34,416	43,356	34,064
				580,131	242,657	103,633	511	719,666	1,066,214	699,186
Ggt Edged securities
A2D Funding 0 PLC4.5TS bonds
30/09/2026			11,000	11,114				11,114	12,584	11,785
Aegon Asset Management		UK
Capital Ethical Corp	8 (formerly
KAMES)			85,100	33,788	57,155		(228)	90,714	91,193	32,698
Deutsche Bahn Finance Deutsche
Bshn Finance			18,000	19,810				19,810	18,930	18,932
Kreditanst Fur wie 0.875ss Gtd snr
15/09/2026			38,000		39,457			39,457	38,777
Kreditanst Fur Wie 1.63SS				41,677		41,677				41,630
Motability Operabons Group
5.3751028/06/2022			18,000	21,519				21,519	19,371	19,758
Rsbobank Nederland	2.25TSSnr
MTN 23/03/2022			3'/,000	38,987				38,987	37,741	36,987
Rathbone Unit Trust	Mangt - Ethical
5Bond Inc			84,410	84,194				84,194	89,229	82,392
Royal London umt trusts Ethical
bond 2inc				104,342		104,342				105,656
Royal London Unit Trusts Managers
Ethical Bond 2 Inc			48,000		57,325			57,325	57,552
				355,430	153,936	146,019	(228)	363,119	365,377	349,838
UK index linked
Treasury 2 1/2N index linked
Is/04/2020				45,114		45,114				53393
Treasury 0.5%22/07/2022			21,000	20,726				20,726	22858	21,224
Treasury 2 1/211 index hnked
17/07/2024			13,000	49,154				49,154	46a68	47,080
				114,994		45,114		69,880	67,726	121,697
Total Investments				2,017,604	573,649	427,086	670	2,164,837	2,904,932	2,179,459

9	Debtors
					2021	2020
	Amounts	falling due		within one year:	6	5
	Prepayments		and accrued income		20,383	2,494
10	Creditors:	amounts		falling due within one year
					2021	2020
					5	5
	Accruals				5,298	5,235

				Brought	Movement	2021	2020
				forward	in year
				5	5
Unrestricted		Funds
Fixed asset		replacement	reserve	96,788	20,000	116,788	96,788
General Reserve				1,604,920	670,737	2,275,657	1,604,920
				1,701,708	690,737	2,392,445	1,701,708
Restricted	Funds
Permanent		endowment		1,227,306		1,227,306	1,227,306
				1,227,306		1~227~306	1227 306

							Brought	Movement	2021	2020
							forward	in year
							E	E	E	E
Distributable							1,401,072	92,494	1,493,566	1,401,072
Non-distributable
Fixed asset		replacement		reserve			96,788	20,000	116,788	96,788
Property	revaluation		reserve				42,000		42,000	42,000
Investment		revaluation		reserve			161,848	578,243	740,091	161,848
							1,701,708	690,737	2,392,445	1,701,708
									2021	2020
									E	E
Fixed asset		replacement			reserve
Being in	respect of		Sheldrake			III			86,788	76,788
Being in	respect of		Norma		Olive				30,000	20,000
									116,788	96,788