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||Page|
|---|---|
|Legalandadministrativeinformation|1|
|Trustees'report|2-5|
|Independentexaminer'sreport|6|
|Statementoffinancialactivities|7|
|Statementoffinancialposition|8|
|Statementofcashflows|9|
|Notestotheaccounts|10-16|
|Scheduleofinvestments|17-20|





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|Trustees|RathboneTrustCompanyLimited|
|---|---|
||MrPMHAndreae|
||MrsRJAndreae|
|Charitynumber|258516|
|Registeredoffice|8FinsburyCircus|
||London|
||EC2M7AZ|
|Independentexaminer|MrDavidMatkins|
||BournerBullockCharteredAccountants|
||SovereignHouse|
||212-224ShaftesburyAvenue|
||London|
||WC2H8HQ|
|Solicitors|Currey&Co|
||33QueenAnneStreet|
||London|
||W1G9HY|
|Investmentadvisors|RathboneInvestmentManagementLimited|
||8FinsburyCircus|
||London|
||EC2M7AZ|
||UK|





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|||2021|2020|
|---|---|---|---|
||Notes|£|£|
|Incomeandendowments||||
|Donationsandlegacies|3|34,795|49,920|
|Investments|4|25,158|29,998|
|Otherincome|5|-|49|
|Totalincome||59,953|79,967|
|Expenditure||||
|Raisingfunds|6|7,446|6,132|
|Charitableactivities|7|281,061|203,644|
|Totalresourcesexpended||288,507|209,776|
|Netexpenditurebeforeinvestment(losses)||(228,554)|(129,809)|
|Net(losses)/gainsoninvestments|12|555,602|(96,742)|
|Netmovementinfunds||327,048|(226,551)|
|Fundbalancesat6April2020||1,305,395|1,531,946|
|Fundbalancesat5April2021||1,632,443|1,305,395|





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|||2021||2020||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Fixedassets||||||
|Investments|13||1,666,015||1,317,518|
|Currentassets||||||
|Cashatbankandinhand||6,858||6,420||
|Creditors:amountsfallingduewithin|14|||||
|oneyear||(40,430)||(18,543)||
|Netcurrentliabilities|||(33,572)||(12,123)|
|Totalassetslesscurrentliabilities||||||
|Incomefunds||||||
|Unrestrictedfunds|||1,632,443||1,305,395|





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|||2021||2020||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Cashflowsfromoperatingactivities||||||
|Cashabsorbedbyoperations|15||(231,825)||(143,556)|
|Investingactivities||||||
|Purchaseofinvestments||||(256,171)||
|Proceedsondisposalofinvestmens||207,475||338,541||
|Dividendsandinterestreceived||25,158||29,998||
|Netcashgeneratedfrominvesting||||||
|activities|||232,633||112,368|
|Netincrease/(decrease)incashandcash||||||
|equivalents|||808||(31,188)|
|Cashandcashequivalentsatbeginningofyear|||25,777||50,776|
|Effectofforeignexchangerates|||(13,353)||6,189|
|Cashandcashequivalentsatendof|16|||||
|year|||13,232||25,777|





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||2021|2020|
|---|---|---|
||£|£|
|Donationsandgifts|34,795|49,920|





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|||2021|2020|
|---|---|---|---|
|||£|£|
||Incomefromlistedinvestments|8,102|13,265|
||Foreignincome|17,056|16,733|
|||Lo,loo|Ly,yyo|
|5|Otherincome|||
|||2021|2020|
|||£|£|
||Bankinterest|-|49|
|6|Raisingfunds|||
|||2021|2020|
|||£|£|
||Investmentmanagementfee|7,446|6,132|
|7|Charitableactivities|||
|||2021|2020|
|||£|£|
||Grantfundingofactivities(seenote8)|262,900|186,400|
||Shareofgovernancecosts(seenote9)|18,161|17,244|
|||281,061|203,644|





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||2021|2020|
|---|---|---|
||£|£|
|Grantstoinstitutions:|||
|Elderly&SocialCare|57,000|1,000|
|ReligiousOrganisations|31,000|40,000|
|TheArtsandMuseums|24,700|30,900|
|Youth&Education|92,200|70,500|
|OtherNational&InternationalCharities|-|5,000|
|Medical&MentalHealth|20,000|4,000|
|Conservation|38,000|35,000|
||262,900|186,400|



## 

|Supportcosts||||||
|---|---|---|---|---|---|
||Support|Governance|2021|2020|Basisof|
||costs|<br>costs|||allocation|
||£|<br>£|£|£||
|Trustmanagement|-|<br>15,600|15,600|15,600|Governance|
|SRCBluebookannualsubscription|-|<br>901|901|-|Governance|
|Independentexamination|-|<br>1,640|1,640|1,644|Governance|
|Bankcharges|-|<br>20|20|-|Governance|
|||18,161|18,161|17,244||



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|||2021|2020|
|---|---|---|---|
|||£|£|
|Revaluationofinvestments||473,707|(82,107)|
|Gains/(loss)onsaleofinvestments||95,248|(20,824)|
|(Loss)/gainonexchange||(13,353)|6,189|
|||555,602|(96,742)|
|Fixedassetinvestments||||
||Listed|Cashin|Total|
||investments|portfolio||
||£|£|£|
|Costorvaluation||||
|At5April2020|1,298,161|19,357|1,317,518|
|Unrealised/Realisedgains|568,955|-|568,955|
|Currency(loss)|-|(13,353)|(13,353)|
|Cashheldininvestmentportfilio|-|370|370|
|Disposals|(207,475)|-|(207,475)|
|At5April2021|1,659,641|6,374|1,666,015|



## 

|Investmentsrepresentingmore|Investmentsrepresentingmore|than5%ofthe|portfoliostotalmarketvalue:|
|---|---|---|---|
|Investment|Units|MarketValue|<br>%ofTotalMarket£Value|
|AgnicoEagleMinesLtd|4,900|211,673|12.86%|
|BarrickGoldCorp|7,200|106,907|6.49%|
|NewmontCorp|4,200|188,900|11.48%|
|PaypalHoldingsInc|3,400|523,937|31.83%|
|UnionPacificCorp|1,125|180,944|10.99%|



||2021|2020|
|---|---|---|
||£|£|
|Listedinvestments|1,659,641|1,298,161|
|Cashininvestmentportfolio|6,374|19,357|
||1.666,015|1.317.518|
|Historiccostofinvestments|1,096,273|1,142,463|





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|14|Creditors:amountsfallingduewithinoneyear|||
|---|---|---|---|
|||2021|2020|
|||£|£|
||Investmentmanagementfees|1,749|1,383|
||Trustees'managementfees|15,600|15,600|
||Independentexaminer'sfees|3,200|1,560|
||PeterAndreae|19,881|-|
|||40,430|18,543|
|15|Cashgeneratedfromoperations|||
|||2021|2020|
|||£|£|
||Surplus/(deficit)fortheyear|327,048|(226,551)|
||Adjustmentsfor:|||
||Investmentincomerecognisedinstatementoffinancialactivities|(25,158)|(29,998)|
||(Gain)/lossondisposalofinvestments|(95,248)|20,824|
||Fairvaluegainsandlossesonexchange|13,353|(6,189)|
||Fairvaluegainsandlossesoninvestments|(473,707)|82,107|
||Movementsinworkingcapital:|||
||Increaseincreditors|21,887|16,251|
||Cashabsorbedbyoperations|(231,825)|(143,556)|
|16|Cashandcashequivalents|||
|||2021|2020|
|||£|£|
||Cashatbankandinhand|6,858|6,420|
||Cashheldininvestmentportfilio|6,374|19,357|
|||13,232|25,777|





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|Donationsmadetoinstitutionsduringtheyear|||
|---|---|---|
||2021|2020|
||£|£|
|ArtUK|20,000|-|
|BasingstokeandAltonCardiacRehabilitationCharity|200|1,000|
|Basmom|40,000|40,000|
|BromptonAssociation|10,000|-|
|BromptonOratory|10,000|-|
|CoramBeanstalk|500|-|
|DioceseofPortsmouth|10,000|-|
|DukeofEdinburgh'sAward|-|5,000|
|EliasAshmoleGroup|1,700|1,500|
|FelixProject|4,000|-|
|GiftofSight|-|1,000|
|GrangeFestival|-|5,000|
|HampshireGardensTrust|3,000|-|
|HospitalofStCrossWinchester|-|500|
|HuntStaffBenefitSociety|30,000|-|
|JohnofJerusalemHospital|-|1,000|
|LondonLibary|1,000|-|
|Mary'sMeals|10,000|-|
|NationalGalleryTrust|3,000|2,900|
|NewnhamCollege|-|10,000|
|PetersfieldMuseum|-|10,000|
|ReleasingPotential|25,000|15,000|
|RoyalBritishLegion|20,000|-|
|RoyalOperaHouseFoundation|-|1,500|
|RoyalNationalLifeBoatService|-|-|
|RoyalNavyandMarines|-|5,000|
|SaveBritainsHeritage|25,000|25,000|
|StAnne'sCollege|500|-|
|StGregorysFoundation|-|1,000|
|StJohn'sAmbulance|3,000|500|
|StPeterandPaulsChurch|1,000|1,000|
|TabletTrustDevelopment|-|10,000|
|TallShipsYouthTrust|-|25,000|
|TrinityCollege|25,000|2,500|
|TrinityWinchester|10,000|-|
|TheCountryTrust|-|2,000|
|ThePublicCatalogueFund(ArtUK)|-|10,000|
|VeniceinPerilFund|-|10,000|
|WestminsterCathedral|10,000|-|
||262,900|186,400|





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||Holding|Market|Value|Additions||Disposals|Disposals|Realised|Unrealised|Holding|Holding|Market|Value|NetIncome|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||6April2020|6April|2020|Quantity|Cost|Quantity|Proceeds|Profitl(loss)|Profitl(loss)|5April|2021|5April|2021||
|||£|||£||£|£|£|£||£||£|
|AdobeInc|||||||||||||||
|CommonUSD0.0001|||||||||||||||
||150||35,929||||||17,146||150||53,075||
|AEATechnologyGroup|||||||||||||||
|NPVordinaryshares|||||||||||||||
||100,981|||||||||100,981|||||
|AgnicoEagleMines|||||||||||||||
|CommonNoParValue|||||||||||||||
||4,900|178,563||||||||||||656|
|||||||||||||||638|
|||||||||||||||1,070|
||||||||||33,110||4,900|211,673||1,052|
|BarrickGoldCorp|||||||||||||||
|CommonNoParValue|||||||||||||||
||7,200|117,181||||||||||||337|
|||||||||||||||375|
|||||||||||||||412|
||||||||||(10,274)||7,200|106,907||395|
|BectonDickinson|||||||||||||||
|CommonUSD1|||||||||||||||
||150||27,745|||150|29,888|2,143||||||82|
|BurfordCapitalLtd|||||||||||||||
|OrdinaryNoParValue|||||||||||||||
||2,000||6,336||||||7,494||2,000||13,830||





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||Holding|Market|Value|Additions||Disposals|Disposals|Realised|Unrealised|Holding|Holding|Market|Value|NetIncome|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||6April2020|6April|2020|Quantity|Cost|Quantity|Proceeds|Profitl(loss)|Profit/(loss)|5April|2021|5April|2021||
|||£|||£||£|£|£|£||£||£|
|CouplandCardiffFunds|||||||||||||||
|JapanAlphaTJpyAcc|||||||||||||||
||5,100||30,786||||||18,702||5,100||49,488||
|ExxonMobilCorp|||||||||||||||
|CommonStock|||||||||||||||
||490||15,674|||||||||||281|
|||||||||||||||276|
|||||||||||||||271|
||||||||||4,252||490||19,926|259|
|GenElectricCoAmerica|||||||||||||||
|CommonUS$0.06|||||||||||||||
||3,000||16,471|||||||||||20|
|||||||||||||||20|
|||||||||||||||19|
||||||||||12,592||3,000||29,063|19|
|M&Gplc|||||||||||||||
|5pOrdinaryShares|||||||||||||||
||24,900||27,241|||16,000|30,396|12,892||||||959|
|||||||||||||||2,968|
||||||||||8,900||8,900||18,637|1,494|
|Merck&CoIncNew|||||||||||||||
|CommonStkUSD0.50|||||||||||||||
||1,150||71,535|||||||||||482|
|||||||||||||||476|
|||||||||||||||461|
||||||||||(7,802)||1,150||63,733|464|





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|Holding|Market|Value|Additions||Disposals|Disposals|Realised|Unrealised|Holding|Holding|Market|Value|NetIncome|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|6April2020|6April|2020|Quantity|Cost|Quantity|Proceeds|Profitl(loss)|Profitl(loss)|5April|2021|5April|2021||
||£|||£||£|£|£|£||£||£|
|NestleSA||||||||||||||
|CHF1(Regd)||||||||||||||
|1,000||85,400||||||(4,343)||1,000||81,057|1,439|
|NewmontCorporation||||||||||||||
|CommonUSD1.60||||||||||||||
|4,200|161,552||||||||||||709|
||||||||||||||696|
||||||||||||||1,050|
|||||||||27,348||4,200|188,900||1,394|
|NovartisAG||||||||||||||
|CHFO.50||||||||||||||
|430||29,292|||430|30,355|1,063|||||||
|PaypalHoldingsInc||||||||||||||
|CommonUSDO.0001||||||||||||||
|3,400|256,262||||500|116,836|79,150|305,361||2,900|523,937|||
|RocheHoldingsAg||||||||||||||
|GenusscheineNoParValue||||||||||||||
|150||40,385||||||(5,195)||150||35,190|678|
|RoyalDutchShell||||||||||||||
|'B'SharesEURO.07||||||||||||||
|2,500||35,460|||||||||||317|
||||||||||||||302|
||||||||||||||312|
|||||||||(2,075)||2,500||33,385|299|





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||Holding|Market|Value|Additions||Disposals|Disposals|Realised|Unrealised|Holding|Holding|Market|Value|NetIncome|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||6April2020|6April|2020|Quantity|Cost|Quantity|Proceeds|Profitt(loss)|Profit/(loss)|5April|2021|5April|2021||
|||£|||£||£|£|£|£||£||£|
|Schlumberger|||||||||||||||
|CommonUSD0.01|||||||||||||||
||1,303||15,190|||||||||||516|
|||||||||||||||129|
|||||||||||||||125|
||||||||||10,647||1,303||25,837|118|
|UnionPacificCorp|||||||||||||||
|CommonUSD2.50|||||||||||||||
||1,125|127,175||||||||||||744|
|||||||||||||||715|
||||||||||53,769||1,125|180,944||677|
|VodafoneGroup|||||||||||||||
|OrdinaryUS$0.2095238|||||||||||||||
||18,000||19,984|||||||||||734|
||||||||||4,075||18,000||24,059|717|
|TOTAL:||1,298,161|||||207,475|95,248|473,707|||1,659,641||25,157|