2022-04-05-accounts - The Neighbourly Charitable Trust

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			Page
Legal and administrative		information
Trustees' report			2-3
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial statements			7-16

Trustees		John Sell
		Emma Simpson
		Barbara Rutter
		Sharon Long
Chief Executive and Secretary		Paula Grigeths
Charity number		258488
Principal address		1st Floor
		8-10Upper Marlborough			Road
		St.Albans
		Hertfordshire
		AL1 3UR
Independent	examiner	Gilberts Chartered	Accountants
		Pendragon House
		63 London Road
		St Albans
		Hertfordshire
		AL1 1U
Bankers		HSBC Bank pic
		1Market Place
		Hitchin
		Hertfordshire
		SGS LDR
Solicitors		SA Law
		Gladstone Place
		36-38Upper Marlborough			Road
		StAlbans
		Hertfordshire
		AL13UU
Investment	advisors	Rathbone Greenbank		Investments
		10Queen Square
		Bristol
		8514NT

										Unrestricted	Unrestricted
										funds	funds
										2022	2021
									Notes	5	E
Income o
Rental income										(60)	(386)
Investments										53,595	48,563
Total income										53,535	48,177
Ch
N 4
Independent examiner's			fee							2,780	2,560
Investment management										14,622	12,419
										17,402	14,979
Charitable activities
Depreciation										20,000	20,000
Grants										25,950	32,403
Admin Expenses										54
Transfer to/(from)		replacement			reserve					20,000	20,000
Total charitable	expenditure									66,004	72,403
Total resources	expended									83,406	87,382
Net gains/(losses)		on revaluation			of	fixed assets
Net gain/(loss)	on	revaluation		of investments						68,294	614,741
Net gain/(loss)	on	disposal of		investments						36,021	95,201
										104,315	709,942
Net income for	the year									74,444	670,737
Net movement	in	funds								74,444	670,737
General reserve	at 6 April		2021							2,275,657	1,604,920
General reserve	at 5 April		2022						11	2,350,101	2,275,657
The statement	offinancial activities					includes	all gains and losses recognised	in the year.

			2022		2021
		Notes	E		E
Fixed assets
Tangible assets				377,664		397,664
Quoted investments				2,938,714		2,904,932
				3,316,378		3,302,596
Current assets
Debtors			2,178		20,383
Cash at bank and in	hand		401,765		302,070
			403,943		322,453
Creditorsi amounts	falling due within one
year		10	(6,126)		(5,298)
Net current assets				397,817		317,155
Total assets less current liabilities				3,714,195		3,619,751
Income funds
Restricted funds				1,227r306		1,227,306
Unrestricted funds				2,486,889		2,392,445
				3,714,195		3,619,751

				2022	2021
				E	E
Less property		expenses		(60)	(386)
				(60)	(386)
Raising	funds
				2022	2021
				E	E
Auditors'	remuneration			2,780	2,560
Stockbroker managment			fees	14,622	12,419
				17,402	14,979

Grants payable
						2022	2021
9Lives Furniture							1,000
Angling 4Success							1,000
Autism Beds						1,000	1,500
Beds &Northants MS	Therapy Centre						1,000
British Dyslexia						1,000	500
Carersin Hertfordshlre						1,000	1,000
CHUMS							2,000
Country Days						500	1,000
CVS Herts &Stevenage						500
Daylight Club						1,000	1,000
Demand Abbots Langley						1,MO	1,000
Earthworks StAlbans						1,000	1,500
East & North Hertfordshire		Hospitals		Charity		750	1,000
Enterprising Youth Educabon lEYEl						500
Friends ofSt Luke' s							500
Garden House Hospice	Care						500
Grove Cottage Holiday	Clubs					1,500
Happy Days Childrens	Charity					1,500
Home Start
Ivel Vagey School						1,000
Keech Hospice Care Luton							1,000
KIDS London N1							500
Kids in Action Children's Charity						500
Kids Out						700	500
Motor Neurone Disease Assoc South				Herts Branch
Music for my Mind
Open House Bedford							500
Out ofClass						1,500
Peace Hospice Care							500
Philharmonia						1.000
Rennie Grove Hospice	Care					750	1,000
Respite at Home						1.000
Rural Care						1,000	1,000
Shopmobility						1,000
South Bucks Hospice						750
Speoal Needs Out ofSchool Club in Beds							1,000
Strength and Learning	Through		Horses			1,500
Trestle Theatre Company						1,000	1,000
The Pepper Foundation						750
Waterways Experience							9,153
Wegbemg Fitness &Leisure		Community			Trust Ltd	750
Wheel Power						500
Written back C-Salt 1Life St		Albans Art			Team (dated 30.03.20l		750
Youthtalk						1,000
						25,950	32,403

Tangible fixed assets
		Freehold land	Narrow boat	Yacht Norma	Total
			Sheldrake IX	Olive
Cost
At 6 April 2021		42,000	221,788	250,664	514,452
At 5 April 2022		42,000	221,788	250,664	514,452
Depreciation and impairment
At 6 April 2021			86,788	30,000	116,788
Depreciation charged	in the year		10,000	10,000	20,000
At 5 April 2022			96,788	40,000	136,788
Carrying amount
At 5 April 2022		42,000	125,000	210,664	377,664
At 5 April 2021		42,000	135,000	220,664	397,664

			Number of	Historic						Historic
			Ordinary	Cost		Stock	split/			Cost		Market Value
Investments			Shares held	2021	Additions	Disposalsrights	issue	Adj Book	Cash	2022	2022	2021
								Value	movement
					6	E	6	E
Equity Investments
Aquila European	Renewables		23,000	22,188						22,188	19,449	20,410
Be sway PLC			700	22,446						22,446	17,500	24,171
Civitas Sooal Housing			19,000	19,467						19,467	16,777	20,444
Coats Group			52,800	34,069						34,069	40,286	29,568
Dechra Pharmaceutricals			1,000	4,058						4,058	42,380	34,420
Digital 9Infrastructure		pic	28,000	28,237						28,237	31,164	28,210
Ecofin US Renew
Infrastructure			29,562	21,936						21,936	23,797	21,802
Experian			1,000	27,987						27,987	29,570	25,460
FDM Group Holdings		pic	2,000	18,135						18,135	21,480	20,320
Foresight Sustainable			25,000		25,230					25,230	24,375
Genuit (formerly	Polypipe
Group)			3,200	13,405						13,405	15,632	18,144
Glaxo SmithKline			1,730	20,211						20,211	29,476	22,102
Gore street energy storage
PLC			16,633		17,155					17,155	18,679
Greencoat UK Wind			22,684	23,275			2,138			25,413	35,274	27,257
Halma			1,295	4,823						4,823	33,385	31,572
Harmony Energy	Income TST
pic			24,572		24,800					24,800	26,415
Hikma Pharm			1,300	27,590						27,590	26,845	30,147
Home Reit pic			29,210	26,232			3,499			29,731	36,629	29,640
Impax Asset Mgmt Lp ord
shares			3,300	8,075						8,075	34,188	26,730
Impax Environmental
Markets PLC			10,200	8,177						8,177	47,532	45,084
Intartek Group			550	4,705						4,705	29,073	31,460
IPGroup pic			15,000	17,582						17,582	14,018	18,900
Jackson Financial	inc					924		924
KBI Asset management
Water Fund Instl	Class A			14,609		14,609						43,537
Keller Gp			4,00D	31,964						31,964	37.,680	32,480
Legal gr General			13,405	19,304						19,304	36,555	38,003
Londonmetric Property			15,000	25,039						25,039	41,520	32,760
Marshalls Group			3,200	25,977						25,977	21,984	21,952
National Grid			4,350	33,113						33,113	52,679	37,562
Octopus Renew
infrastructure trust			39,221	30,985			8,777			39,762	44,084	35,352
Prudenbal			1,890	5,636						5,636	21N23	29,323
Renewables infrastructure
NPV			36,666	38,781						38,781	50,159	44,953
RenewiPLC			6,940	28,835						28,835	45,388	33,937
Roche			150	35,953						35,953	47,405	35,191
Rockwool intl SA	DKK	10
shares			140	28,978						28,978	34,999	42,741
Schroders			610	20,131						20,131	19,923	21,637
Shimano Inc NPV	shares		200	24,124						24,124	34,665	34,683

Quoted investments	Quoted investments	Quoted investments	Quoted investments	Quoted investments	Quoted investments											iContinued)
							Number of	Historic						Historic
							Ordinary	Cost		Stack split/				Cast		Market Value
Investments							Shares held	2021	Additions	Disposalsrlghts	issue	Adj Book	Cash	2022	2022	2021
												Value	movement
									E	E	E	6
Smith IL Nephew							2,200	6,077						6,077	27,126	29909
Smith DS							7,509	25,711						25,711	23,999	31,057
Spectris PLC							640	8,602						8,602	16,160	21,862
Spirax Sar«o Engineering							215	3,626		1.792				1,834	27,585	49,258
SSE							1,600	24,783						24,783	28,752	23,312
Equinor ASA NOK 2.5shares								46,140		46,140						42,466
Swiss Re AG							275	22,229						22,229	19,746	19,752
Tomra Systems		ASA		NOK 1
shares							660	21,489		9,156				12,333	26,654	36,030
Unilever							800	25,202						25,202	28,292	32,176
Vesta Wind Systems					DKKL
shares							1,200	19,139						19,139	29,233	35,676
Victrex PLC							1,040	18,462						18,462	19,188	23,379
Vodaphone US		5Ord			shares
post consol'n							15,711	31,730						31,730	19,714	20,999
Xylem Inc							350	42,955		19,826				23,129	23,161	49,788
								1,012,171	67,185	92,447	14,414	924		1,002,248	1,386,996	1,405,616
Funds
Aberdeen Standard				Life
Investments Gbl Index						linked
bond 5 Inc							72,000	40,667						40,667	44,438	43,639
Alfen NV Euro	shares						375	23,130						23,130	29,703	23,056
Aptiv PLC USS							400	25,792						25,792	34,357	40,885
ASML Holdings		NV					100	13,503						13,503	49,917	44,949
Assa Abloy							1,500	22,152						22,157.	31,649	31,133
Autodesklnc							94	18,731						18,731	15,145	19,507
Beyond Meat	inc						210	21,551						21,551	7,581	19,890
Brown Advisory		Funds				US
Sustainable growth				C Inc			6,200	55,302						55,302	112,238	93,936
CHR Hansen							400	28,288						28,288	23,153	26,323
Dexcom Inc							110	27,447						27,447	43,263	29,149
F6 C Portfohos		Fund			now
BMO Responsible			Global EM
Equity R							3,700	46,025						46,025	54,760	58,053
First State.Asia		Sus Acc 8now
Stewart Investors							8,700	14,585				104		14,689	69,200	66,507
Fund Partners		Ltd	IM WHEB
Sus C inc							47,000	51,826						51,826	97,473	96,618
Hannon Armstrang				Suet Infra			535	20,735						20,735	19,199	20,682
Hydrogenone	Capital				Growth		15,685		15,868					15,868	16,250
Impax Funds ire PLC
Environmental		Mkts			Acc		17,000	29,361						29,361	43,486	40,919
Infineon Technoloees						AG	990	30,974						30,974	24,185	30,611

Quoted investments											(Continued)
		Number of	Historic						Historic
		Ordinary	Cost		Stock	split/			Cost		Market Value
Investments		Shares held	2021	Additions	Disposalsrights	Issue	Adi Book	Cash	2022	2022	2021
							Value	movement
			E	6	6	E	6	E
ianna Henderson Global
Investors Global Care growth
I inc		18,700	40,975						40,975	101,373	92,846
Legg Mason Global Funds
Clearbndge Us Equity Suet 5
Hgd		770	73,248				552		73,800	115,685	108,470
Llontrust Futui'es Sus UK
Growth Fund		10,500	24,859				276		25,136	26,407	28,357
Mayfair Capital Investment
Management Property	inc
Trust		45,691	38,754						38,754	44,407	37,530
Robeco Capital Growth	Funds
Suet water		85		42,942					42,942	40,386
Robeco Capital Growth	Funds
Smart energy		630	10,504						10,504	31,935	29,516
Schroder Investment
Management Global Energy
Trans E Hgd Acc			26,841		26,782		59				40,281
Schroder Investment
Management Global Energy
Trans Qinc		73,030		35,449					35,449	38,114
Visa Inc		275	34,416						34,416	47,351	43,356
			719,666	94,259	26,782		991		788,016	1,161,655	1,066,214
Gilt Edged securities
A20 Funding 0 PLC4.5N
bonds 30/09/2026		11,000	11,114						11,114	11,808	12,584
Aegon Asset Management
UK Capital Ethical Corp	8
iformerly KAMEsi		28,660	90,714		60,164				30,550	28,812	91,193
Deutsche Bahn Finance
Deutsche Bahn Finance		18,000	19,810						19,810	18,442	18,930
Kreditanst Fur Wie0.875SS
Gtd Snr 15/09/2026		38,000	39,457						39,457	36,438	38,777
Lombard Odier Funds		3,015		31,690					31,690	29,009
Mirova Funds		315		31,996					31,996	29,109
Motability Operations Group
5.375tt 28/06/2022		18,000	21,519						21,519	18,419	19,371
Rabobank Nederland 2.25N
Snr MTN 23/03/2022			38,987		38,987						37,741
Rathbone Umt Trust Mangt-
Ethical 5Bond Inc		84,410	84,194						84,194	82,671	89,229
Royal London Unit Trusts
Managers Ethical Bond Zinc		48,000	57,325					205	57,121	53,665	57,552
			363,119	63,686	99,151			205	327,451	308,373	365,377

Quoted	investments	investments												(Continued)	(Continued)
				Number oi	Historic							Historic
				Ordinary		Cost		Stock split/				Cost		Market	Value
Investments				Shares held		2021	Additions	Oisposalsrights	issue	Adi gook	Cash	2022	2022		2021
										Value	movement
						6	6	6	4		1
UK index	linked
7/sst Green Gilt 31/07/2033
(int 2 daye0.8751s				13,197			13,324					13,324	12,073
Treasury	0.5%22/07/2022			21,000	20,726							20,726	21,011	21,158
Treasury	2 3/2% index		linked
17/07/2024				13,000	49,154							49,154	48,606	46,568
					69,880		13,324					83,204	81.689	67,726
Total Investments					2,164,837		238,454	218,380	14,414	1,914	205	2,200,918	2,938,714	2,904,932
9	Debtors
												2022		2021
	Amounts	falling due		within one year:								E		E
	Prepayments		and accrued income									2,178		20,383
10	Creditors:	amounts		falling due within		one year
												2022		2021
												E		E
	Accruals											6,126		5,298

				Brought	Movement	2022	2021
				forward	in year
				E	E
Unrestricted		Funds
Fixed asset		replacement	reserve	116,788	20,000	136,788	116,788
General Reserve				2,275,657	74,444	2,350,101	2,275,657
				2,392,445	94,444	2,486,889	2,392,445
Restricted	Funds
Permanent		endowment		1,227,306		1,227,306	1,227,306
				1,227,306		1,227,306	1,227,306

							Brought	Movement	2022	2021
							forward	in year
							E	E	E	E
Distributable							1,493,566	76,740	1,570,306	1,493,566
Non-distributable
Fixed asset replacement					reserve		116,788	20,000	136,788	116,788
Property	revaluation		reserve				42,000		42,000	42,000
Investment		revaluation		reserve			740,091	(2,296)	737,795	740,091
							2,392,445	94,444	2,486,889	2,392,445
									2022	2021
									E	E
Fixed asset		replacement			reserve
Being in	respect of		sheldrake			III			96,788	86,788
Being in	respect of		Norma		Olive				40,000	30,000
									136,788	116,788