#
##
##
##
##
|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|