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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|
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|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||||
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|||||||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|
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|||||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|
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|||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|
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|6|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|
##
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|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|
##
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##
|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|
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|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|
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|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|
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