2023-04-05-accounts - The Leslie Sell 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			7-15

Trustees		Adrian Sell
		Nicola Coggins
		Edward Wiltshire
Chief Executive and Secretary		Paula GriNths
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
		Hertfordshire
		AL1 1LI
Bankers		HSBC Bank pic
		1 Market Place
		Hitchin
		Hertfordshire
		SGS 1DR
Solicitors		SA Law
		Gladstone Place
		36-38Upper Marlborough			Road
		StAlbans
		Herffordshire
		AL13UU
Investment	advisors	Rathbone Greenbank		investments
		10Queen Square
		Bristol
		8514NT

						General	General
						fund	fund
						2023	2022
					Notes	6	6
Income from:
Charitable activities
Investments					2	108,343	119,735
E~di&
d
Trustees travel		expenses				483	462
Independent	examiner's		fees			3,660	2,330
Stockbroker fees						18,194	20,819
						22,337	23,611
Charitable activities
Depreciation						3,000	3,000
Grants						294,789	186,519
Charlton Barn	- Insurance					2,065	2,926
Chalton Barn	-	repairs					1,194
Legal and professional fees						360	723
yvebsite fees						328	83
Total charitable		expenditure				300,542	194,445
Net gain/(loss)		on revaluation		of investments		(481,027)	(58,924)
Net gain/(loss)		on disposal of investments				(62,841)	76,625
Net expenditure for the			year/
Net movement		in funds			10	(758,404)	(80,620)
Fund balances		at 6April	2022			5,136,397	5,215,957
Fund balances		at 5April	2023			4,377,993	5,135,337

				2823		2822
				1
Fixed assets
Tangible assets					99,925		102,925
Investnients					4,428,722		5,085,83G
					4,528,647		r& 1RR,7ti I
Current assets
Ocbtois				178,301		4,63G
Cash at bank	r o i	nano		199,499		349,122
				377,800		353 758
Creditors: amounts		falling due within one
year				f128,580)		(7,308)
Net current assen					249,220		34G,450
Total assets less current			liabilities		4,777,867		5,535,211
Income Funds
Restricted funds					399,874		399,874
Untestricted	funds				4,377,993		5,135,33/
					4,777,867		5,535,211

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		E	E
Income	from investments	95,264	112,204
Interest	receivable	13,079	7,531
		108,343	119,735

Tangible fixed assets
		land /	Barn Watarand
			6
Cost
At 6April 2022			214,661
At 5 April 2023			214,661
Depreciation and impairment
At 6April 2022			111,736
Depreciation charged	in the year		3,000
At 5April 2023			114,736
Carrying amount
At 5 April 2023			99,925
At 5 April 2022			102,925

Fixed asset invest	men	ts
				Number of	Historic						Historic	Market	Market
				Ordinary	Cost			Call/stock	Ad) Book	Cash	Cost	Value	Value
				Shares held	2022	Additions	Disposals	split	Value	Movement	2023	2023	2022
					E	E	E	E	E	E
Quoted Investments
Equity Investments
Advanced Drainage System			Inc USD
0.01				455	41,011						41,011	28,382	39,895
Ansys Inc USD0.01				165	37,838						37,838	42,842	40,094
Apuv Pic USD0.01				500	41,156						41,156	41,963	42,946
Begway PLC				1,700	49,412						49,412	36,414	42,500
Civitas Social Housing	pic			38,200	41,090						41,090	20,704	33,731
Dechra Pharmaceutricals				1,770	7,192						7,192	45,914	75,013
Digital 9Infrastructure	pic			50,000	50,292						50,292	33,900	55,650
Ecolin US Renew				52,789	39,054						39,054	33,389	42,495
Experian				2,215	20,684						20,684	59,384	65,498
FDM Group Holdings	pic			3,700	33,439						33,439	25,604	39,738
Genuit Group pic (formerly			Polypipe)	6,800	28,360						28,360	17,850	33,218
GlaxosmithKline				2,512	40,106			(7,283)			32,823	37,358	53,499
Gore Street Energy Storage Pic				29,309	30,137						30,137	29,368	32,914
0reencoat UK Wind				45,934	51,331						51,331	73,357	71,427
Haleon				3,140		7,283					7,283	10,696
Halma				2,400	3,715						3,715	51,720	61,872
Harmony Energy Inc Trust Pic				41,930	42,202						42,202	47,591	45,075
Home REITpic				50,000	50,555						50,555	19,025	62,700
Impax Asset Management			Group	5,700	12,376						12,376	43,491	59,052
Intertek Group				860	7,346						7,346	34.142	45,460
Johnson Controls intl	USD		1	835	39,705						39,705	37,353	42,098
Keller Group				3,750	29,770						29,770	25.650	30,638
Legal &General				15,500	24,809						24,809	36,394	42,269
Marshags Group				6,854	10,354			3,179			13,533	20.535	43,728
National Grid				6,669	44,916						44,916	75.293	80,762
Octopus Renewable Infra		Trust		42.294	64.872		22,065				42,807	41.490	72,042
Oxford instruments				1,310	14,179						14,179	31.702	27,510
Prudential				2,700	15.506						15,506	29.781	30,605
Renewables Infrastructure			Group	48,388	54,052						54,052	62.033	66,195
Schroders Elvoting shares					29.826		29,826						35,926
Schroder Investment	Management
Global Energy Transition		Q Inc		133,355	64,731						64,731	72,385	69,598
Scottish and Southern				2,100	29,839						29.839	38,084	37,737
Smith &Nephew				4,600	26,557						26,557	51,888	56,718
Smith DS				13,974	40,824						40,824	42.970	44,661
Spectris PLC				1,000	13,402						13,402	36,210	25,250
Spirax Sarco Eng-26.92p				513	4,342						4,342	58,482	65,818
Umlever				1,500	47,108						47,108	64,328	53,048
Unite Group				4,127	15,419						15,419	38,938	48.080
Vodaphone US SOrd	shares post
consol'n Workspace Group				19,656	27,328						27,328	17,582	24,664
					1,224,834	7.283	SK892	14,1041			1,176,122	1,514,192	1,840,119

Fixed asset investments	Fixed asset investments											(Continued)
			Number of	Historic						Historic	Market	Market
			Ordinary	Cost			Call/stock	Adj Book	Cash	Cost	Value	Value
			Shares held	2022	Additions	Olsposals	split	Value	Movement	2023	2023	2022
				E	E	6	E	E	E
FIInds
Alfen NV			249	42,110		26,803				15,307	15,960	54,257
ASML Holdings NV			50	33,763		19,083				14,680	26,562	57,404
Assa Abloy NPV Ser 8			2,600	38,277						38,277	46,194	54,858
Autodesk Inc			160	31,786						31,786	25,385	25,778
Beyond Meat inc				38,868		38,868						13,718
Brown Advisory Funds				32,064		32,064						142,290
CHR Hansen Holdings	AS			45,698		45,698						46,018
CT Lux (formerly BMO Inv Funds Lux)				89,586		89,586						99,160
Franklin Templeton Global Funds			2,270	133,472	126,980					260,452	298,278	195,312
Fund Partners - IM WHEB Sus C Inc			29,480	29,692						29,692	57,831	61,139
Fund Partners ~ IM WHEB
Sustainability 8Acc			28,477	25,648						25,787	58,531	61,065
Hannon Armstrong Sust Infra			960	37,083						37,083	21,256	34,450
Impax Environmental	Markets	PLC	16,400	43,107		21,553				21,554	68,142	152,848
Infineon Technologies	AG		1,700	53,051						53,051	52,753	41,530
Janus Henderson			13,000	83,826		55,149				28,677	67,236	205,998
Koninklijke Phrlips				44,544								31,029
Lombard Odier Funds	Global Climate
Bond System Hedged			10,800	55,574	49,861					105,435	97,094	50,994
Mlrova Funds Global Green Bond
HSIA Acc			543	55,027						55,027	44,857	50,179
Orsted AS			430	24,417						24,417	29,496	41,453
Pictet Asset Management			155	73,281		35,419				37,862	44,547	87,546
Property Inc Trust for	charity		81,944	69,346						69,346	64,982	79,641
Robecosam Smart Energy Fund			1,000	16,507				67		16,574	52,400	50,690
Rockwool Intl SA			150	26,239						26,239	27,117	37,499
Shimano Inc NPV shares			300		44,605					44,605	42,066
Stewart Investors - Asia Sustain		8Acc	9,565	25,742		9,462				16,280	77,777	121,696
Thermo Fisher Scientific inc			105		50,459					50,459	48,898
Vesta Wind Systems				34,190		34,190						52,376
VISA Inc			300	33,081						33,081	54,974	51,656
Xylem Inc USS0.01			620	32,975						32,975	49,928	41,028
				1,248,953	271,905	452,419				1,068,646	1,372,264	1,941,612

Fixed asset investments										(Continued)
	Number of	Historic						Historic	Market	Market
	Ordinary	Cost			Call/stock	Adj Book	Cash	Cost	Value	Value
	Shares held	2022	Additions	Disposals	split	Value	Movement	2023	2023	2022
		E	6	E	E	E	E
Gilts
A2D Funding PLC-4.75SSbonds
18/10/2022		20,150		20,150						20,726
Aberdeen Standard Fund Man - Gbl
index linked 5 Instl inc	250,000	145,216						145,216	131,025	154,300
Aegon Asset Mgmnt (formerly Kames
Capital) ~ Ethical Corp Bond 8	82,000	86,738						86,738	71,627	82,435
Euro Investment Bank - 2.57)bonds
31/10/2022		84,935		84,935						80,121
Euro Investment Bank - 1.375SSSnr
7/03/2025	86,000		82,212					82,212	81,720
Isharesll PLC	29,000		143,321					143,321	146,073
Ishares II PLC UK Gilts UCITS ETF	6,220	78,863						78,863	67,083	80,549
Kreditanst Fur yyie .0.875ISGtd Snr
15/09/2026	122,000	122,838						122,838	110,751	116,985
Rathbone Unit Trust Management .
Ethical Bond Inc	196,469	198,832						198,832	166,566	192,422
Royal London ~ Ethical bond 2 inc	178,950	204,865						204,865	174,798	200,066
Treasury - 2 1/2% Stock 17/07/2024	20,000	75,532						75,532	75,478	74,779
Treasury 7/BSS Stock 22/10/2029	100,000	101,519						101,519	86,375	95,552
Treasury - 1/8% I/L Stock 22/03/2029	37,000	58,121						58,121	57,879	61,333
Treasury 2/BH I/L Stock 22/03/2029	50,000		71,048					71,048	70,756
Treasury - 2/4% Green Gilt 31/1/2025	95,000		89,225					89,225	89,182
Treasury 7/BSS Green Gilt
31/07/2033	138,547	43,768	75,357					119,125	107,953	39,837
		1,221,377	461,163	105,085				1,577,456	1,437,266	1,199,105
		3,695,164	740,351	609,395	(4.204)	206		3,822,224	4,323,722	4,980,836
Unquoted Investments
Investment Properties (Luton) Limited
Ordinary shares ofEleach	75,000	105,000						105,000	105,000	105,000
Total value ofInvestments		3,800,164	740,351	609,395	(4,104)	206		3,927,224	4,428,722	5,085,836

8	Debtors
							2023	2022
	Amounts	falling due		within one year:			E	E
	Other debtors						178,301	4,636
9	Creditors:	amounts		falling due within one year
							2023	2022
							E	E
	Accruals						128,580	7,308
10	Movement		in Charity Funds
					Brought	Movement	2023	2022
					forward	in year
						E
	Unrestricted		Funds
	General Reserve				5,135,337	(757,344)	4,377,993	5,135,337
					5,135,337	(757,344)	4,377,993	5,135,337
	Restricted	Funds
	Permanent		endowment		399,874		399,874	399,874
					399,874		399,874	399,874

			Brought	Movement	2023	2022
			forward	in year
				E
Distributable			3,849,667	26,828	3,876,495	3,849,667
Non-distributable	-revaluation	reserve	1,285,670	(784,172)	501,498	1,285,670
			5,135,337	(757,344)	4,377,993	5,135,337