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2022-04-05-accounts

Trustees Adrian
Sell
Nicola Coggins
Edward Wiltshire
Chief Executive and Secretary Paula Griffiths
Charity number 258699
Principal address 1st Floor
8-10Upper Marlborough Road
St Albans
Hertfordshire
AL13UR
Independent examiner Gilberts Chartered Accountants
Pendragon
House
65 London Road
St Albans
Herffordshire
AL1 1U
Bankers HSBC Bank pic
1Market Place
Hitchin
Herffordshire
SG5 1DR
Solicitors SA Law
Gladstone
Place
36 - 38 Upper Marlborough Road
St Albans
Herffordshire
AL1 3UU
Investment advisors Rathbone
Greenbank		 Investments
10Queen Square
Bristol
8514NT

General General
fund fund
2022 2021
Notes 6 6
Incoatgfmm;
Charitable
activities
Investments 2 119,735 108,630
I
d
Trustees travel expenses 462
Independent
examiner's		 fees 2,330 2,560
Stockbroker fees 20,819 19,142
23,611 21,702
Charitable
activities
Depreciation 3,000 3,000
Grants 186,519 170,075
Charlton Barn- Insurance 2,926 2,806
Chalton
Barn -		 repairs 1,194 250
Legal and professional
fees		 723
yyebsite fees 83 133
Total charitable expenditure 194,445 176,264
Net gain/(loss) on revaluation of investments (58,924) 966,366
Net gain/(loss) on disposal ofinvestments 76,625 252,704
Net (expenditure)/income for the year/
Net movement in funds 9 (80,620) 1,129,734
Fund balances at 6 April 2021 5,215,957 4,086,223
Fund balances at 5April 2022 5,135,337 5,215,957

2022 2021
Notes E
Fixed assets
Tangible assets 102,925 105,925
Investmenls 5,085,836 5,200,953
5,188,761 5,306,8IB
Current assets
Debtors 4,636 1,474
Cash at bank and in hand 349,122 315,062
353,758 316,536
Creditors: amounts falling due within one
year (7,308) )7,583)
Net current assets 346,450 308.953
Total assets less curmnt liabigties 5,535,211 5,615.831
Income funds
Restricted lunris 399,874 399,874
Unrestricted funds 5,335,337 5,215,957
5,535,211 5,615,831

Unrestricted Unrestricted
funds funds
2022 2021
E E
Income from investments 112,204 99,993
Interest receivable 7,531 8,637
119,735 108,630

5 Tangible axed assets
land / Barn Waterend
6
Cost
At 6 April 2021 214,661
At 5 April 2022 214,661
Depreciation
and impairment
At 6 April 2021 108,736
Depreciation
charged		 in the year 3,000
At 5 April 2022 111,736
Carrying amount
At 5 April 2022 102,925
At 5 April 2021 105,925

Fixed asset invest ments
Number of Historic Historic Market Market
Ordinary Cost Call/stock Adl Book Cash Cost Value Value
Shares held 2021 Additions Disposals split Value Movement 2022 2022 2021
E 6 E E E E
Cluoted Investments
Equity Investments
Ansys Inc USD0.01 165 37,838 37,838 40,094
Advanced
Drainage System		 inc USD
0.01 455 41,011 41,011 39,895
Aptiv Pic USD0.01 41,156 41,156 42,946
Begway PLC 1,700 49,412 49,412 42,500 58,701
Civitas Social Housing pic 38,200 41,090 41,090 33,731 41,103
Dechra Pharmaceutricals 1,770 7,192 7,192 75,013 60,923
Digital 9Infrastructure pic 50,000 50,292 50,292 55,650 50,375
Ecofin US Renew 52,789 39,054 39,054 42,495 38,932
Experian 2,215 70,684 20,684 65,498 56,394
FDM Group Holdings pic 3,700 33,439 33439 39,738 37,592
Genuit Group pic (formerly
Polypipel 6,800 28,360 28,360 33,218 38,556
GlaxosmJthKline 3,140 40,106 40,106 53,499 40,117
Gore Street Energy Storage Pic 29,309 30,137 30,137 32,914
Greencoat
UK Wind		 45,934 67,002 21,887 6,216 51,331 71,427 79,225
Helms 2,400 4,388 673 3,715 61,872 69,117
Harmony
Energy Inc		 trust Pic 41,930 42,202 42,202 45,075
Home REITpic 50,000 47,285 3,270 50,555 62,700 53,580
Impax Asset Management Group 5,700 12,376 12,376 59,052 46,170
Intertek Group 860 7,346 7,346 45,460 49,192
Johnson Controls
Intl		 USD 1 835 39,705 39,705 42,098
Keller Group 3,750 29,770 29,770 30,638 30,450

Fixed asset investments Fixed asset investments Fixed asset investments Fixed asset investments Fixed asset investments (Continuedi
Number of Historic Historic Market Market
Drdinary Cost Call/stock Adj Book Cash Value Value
Shares held 2021 Additions Disposals split Value Movement 2022 2022 2021
6 E E E E
Legal &General 15,500 24,809 24,809 42,269 43,943
Marshaes
Group		 6,365 10,354 10,354 43,728 43,664
National
Grid		 6,669 44,916 44,916 BD,762 57,587
Octopus Renewable Infra Trust 64,094 50,529 14,343 64,872 72,042 57,771
Oxford Instruments 1,310 30,414 16,235 14,179 27,510 56,341
Prudential 2,700 15,506 15,506 30,605 41,891
Reed Elsevier= Relx 2,890 14,147 14,147 53,032
Renewables
infrastructure		 Group 48,388 85,329 31,277 54,052 66,195 93,652
Schroders
EL voting		 shares 1,100 29,826 29,826 35,926 39,017
Schroder Investment Management
Global Energy Transition Q inc 133,355 64,623 108 64,731 69,598
Sconish and Southern 2,100 29,839 29,839 37,737 30,597
Smith &Nephew 4,600 26,557 26,557 56,718 62,537
Smith DS 13,974 40,824 40,824 44,661 57,796
Spectns PLC 1,0DD 26,804 13,402 13,402 25,250 68,320
Spirax Sarco Eng-26. 92p 513 6,289 1,947 4,342 65,818 86,114
Unilever 1,500 47,108 47,108 53,048 60,330
Unite Group 4,127 15,419 15,419 48,080 44,180
Vodaphone
US SOrd		 shares post
consol'n Workspace Group 19,656 27,328 27,328 24,664 26,272
1,003,793 296,672 99,568 23,829 1DB 1,224,835 1,840,119 1,673,469
Funds
Allen
NV		 685 42,110 42,110 54,257 42,116
ASML Holdings
NV		 115 46,975 13,212 33,763 57,404 71,919
Assa Abloy NPV Ser 8 2,600 38,277 38,277 54,858 53,962
Autodesklnc 160 31,786 31,786 25,778 33,203
Beyond Meat Inc 380 38,868 38,868 13,718 35,991
BMO Inv Funds
Lux		 - Resp Gbi EM
Equity R Acc 6,700 89,586 89,586 99,160 105,123
Brown Advisory
Funds		 7,860 68,857 36,793 32,064 142,290 255,731
CHR Hansen
Holdings		 AS 795 45,698 45,698 46,018 52,317
Equinor ASA 57,121 57,121 49,542
Fund Partners
- IM WHEB Sus C In«		 29,480 29,692 29,692 61,139 60,602
Fund Partners
- IM WHEB
Sustains bility 8Acc 28,477 25,470 177 25,648 61,065 59,801
Hannon
Armstrong		 Sust Infra 960 37,083 37,083 34,450 37,112
Henderson
Global Investors
Global Care Growth I Inc 38,000 83,826 83,826 205,998 188,670
Impax Environmental Markets PLC 32,800 43,107 43,107 152,848 144,976

Fixed asset investments (Continued)
Number
of		 Historic Historic Market Market
Ordinary Cost Call/stock Ad) Book Cash Cost Value Value
Shares held 2021 Additions Disposals split Value Movement 2022 2022 2021
E E E E 8
Infineon Technologies
AG		 1,700 53,051 53,051 41,530 52,564
Koninkliike
Philips		 1,326 44,544 44,544 31,029 55,357
Legg Mason Global Funds 1,300 132,540 932 133,472 195,312 183,131
Lombard
Odier Funds Global
Climate Bond System Hedged 5,300 55,574 55,574 50,994
Mirova Funds Global Green Bond
HSIA A&c 543 55,027 55,027 50,179
Orated AS 430 24,417 24,417 41,453 50,296
Pictet Asset Management 300 73,257 24 73,281 87,546 84,648
Property Inc Trust for chanty 81,944 69,346 69,346 79,641 67,309
Robecosam Smart Energy Fund 1,000 16,507 16,507 50,690 46,850
Rockwool Intl SA 150 40,233 13,994 26,239 37,499 70,217
Schroder Investment
Management		 48,876 48,876 73,557
Stewart Investors
- Asia Sustain 8
Acc 15,300 25,559 182 25,742 121,696 116,961
Vesta Wmd Systems 2,150 34,190 34,190 52,376 63,919
VISA Inc 300 33,081 33,081 51,656 47,297
Xylem Inc USS001 620 53,186 20,211 32,975 41,028 76,597
1,327,244 110,601 190,207 1,316 1,248,954 1,941,612 2,179,768
Gifts
A2D Funding
PLC - 4.75H bonds
18/10/2022 20,000 20,150 20,150 20,726 21,466
Aberdeen
Standard
Fund Man - Gbl
index linked 5Instl Inc 250,000 145,216 145,216 154,300 151,525
Aegon Asset Mgmnt (formerly
Kames Capital) - Ethical Corp Bond
8 82,000 214,028 127,289 (1) 86,738 82,435 216,463
Euro Investment
Bank-2.5st bonds
31/10/2022 79,000 84,935 84,935 80,121 82,771
Ishares 0 PLC - UK Gifts UCITS ETF 6,220 78,863 78,863 80,549 85,693
Kreditanst
Fur Wie - 0.875ts Gtd
Snr 15/09/2026 122,000 69,458 53,381 122,838 116,985 68,370
Rabobank
Nederland
- 2.25tt Snr
MTN 23/03/2022 63,867 63,867 62,221
Rathbone
Unit Trust Management-
Ethical Bond Inc 196,469 157,117 41,715 160 198,832 192,422 166,460
Royal London - Ethical bond Zinc 178,950 205,294 429 204,865 200,066 214,561
Treasury-
21/2% Stock 17/07/2024		 20,000 75,532 75,532 74,779 71,644

Fixed asset investments Fixed asset investments Fixed asset investments Fixed asset investments lContlnuedl
Number of Historic Historic Market Marks~
Ordinary Cost Call/stock Adj Book Cash Cost Value Value
Shares held 2021 Additions Oisposals split Value Movement 2022 2022 2021
6 E f f f E
Treasury - 7/8% Stock 22/10/2029 100,000 101,908 (389) 101,519 95,552 101,540
Treasury- 1/BN I/L Stock
22/03/2029 37,000 58,121 58,121 61,333
Treasury - 7/8% Stock 22/10/2029 55,836 55,836
Treasury 7/SSI Green Gilt
31/07/2033 43,547 43,768 43,768 39,837
1,216,368 252,821 246,993 199 1,221,379 1,199,105 1,242,716
3,547,405 660,094 536,767 23,829 1,423 199 3,695,167 4,980,836 5,095,953
Unquoted Investments
Investment Properoes lLuton)
Limited
Ordinary shares offl each 75,000 105,000 105,000 105,000 105,000
Totalvalue ofinvestments 3,652,405 660,094 536,767 23,829 1,423 199 3,800,167 5,085,836 5,200,953
7 Debtors
2022 2021
Amounts falling due within one year: E E
Cash held by Rathbone Greenbank 4,636 1,474
0 Creditors: amounts falling due within one year
2022 2021
E E
Accruals 7,308 7,583

Brought Movement 2022 2021
forward in year
E E E E
Unrestricted Funds
General Reserve 5,215,957 (80,620) 5,135,337 5,215,957
5,215,957 (80,620) 5,135,337 5,215,957
Restricted Funds
Permanent endowment 399,874 399,874 399,874
399,874 399,874 399,874
Brought Movement 2022 2021
forward in year
E E
Distributable 3,667,409 182,258 3,849,667 3,667,409
Non-distributable -revaluation reserve 1,548,548 (262,878) 1,285,670 1,548,548
5,215,957 (80,620) 5,135,337 5,215,957