2020-12-31-accounts - Sylvanus Charitable Trust

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Contents				Page
Independent examiner's report
Trustees' Report				2-5
Sterling Section Balance sheet
Sterling Section Statement of	Financial	Activities
Sterling Section Donations
Sterling Section Investments	and Investment		Changes	9-10
Dollar Section Balance Sheet
Dollar Section Statement of Financial		Activities		12
Dollar Section Grants				13
Dollar Section Investments and Investment			Changes	14-15
Notes to the Accounts				16

	BALANCE SHEETas at 31stDecember	BALANCE SHEETas at 31stDecember	BALANCE SHEETas at 31stDecember	2020
				2020	2019
				F
UNRESTRICTED FUNDS			3,778,037.77		3,522,293.72
There are	no restricted or endowment	funds
represented	by:-
INVESTMENTS at Market Value				3,422,046.40	3,187,734.17
CASH BALANCES
Raymond ($91,638) CAF Bank	James			51,663.68 67,111.93 237,503.54	18,476.11 51,328.01 278,477.74
Hunters				6,476.62
Debtor
Becton dividend				0.00	277.69
Creditor
Zimbabwe	SPCA			0.00	-5,000.00
Hunters				-6,764.40	-9,000.00
				3,778,037.77	3,522,293.72
Approved	by the Trustees on
			'
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		C	erno~r-Mi es
		AD G mmill
		W EVernor-Miles

INCOMING RESOURCES						2020	2019
						E
Fixed Interest (gross) UK Dividends						19,593.74 38,033.53	14,838.21 47,020.68
Unit Trust Accumulation Units						201.52	262.45
UK Property Income Distributions Foreign Interest Overseas Dividends						903.20 0.00 26,285.57	816.00 0.00 27,131.94
Charles Stanley deposit interest Donation from Ernest Kleinwort Charitable				Trust		0.00 5,000.00	211.20 0.00
Gain on currency conversion							39.47
						90,017.56	90,319.95
RESOURCES EXPENDED
Direct Charitable Ex enditure
Donations						47,500.00	46,000.00
Mana ement and Administration		Ex	enditure
Hunters fees and disbursements		for	2020 inc		VAT	16,764.70	24,085.19
G Taviner fee for 2020						4,000.00	0.00
Burgess Hodgson Independent	Examination				fee 2019a/cs	937.28	906.80
Charles Stanley management	fees					0.00	8,227.64
Overseas Custody Charge						0.00	732.81
LEIfee						78.00	0.00
Raymond James fees						14,874.05	6,196.87
Trustees meeting expenses						0.00	473.81
Trustee travel expenses						0.00	118.25
Bank fees						60.00	205.04
Loss on currency conversion						1,690.22	0.00
						85,904.25	86,946.41
There are no publicity or fund		raising costs
Net Income/Outgoing Resources			in year			4,113.31	3,373.54
GAIN/LOSS ON INVESTMENTS		IN	THE	YEAR
Realised						21,918.47	36,910.33
Unrealised						229,712.27	424,357.32
BALANCE B/FWD AT 1STJANUARY 2020						3,522,293.72	3,057,652.53
BALANCE at 31stDecember	2020					3,778,037.77	3,522,293.72

		2020	2019
		P
Curly Tails		2,500	2,000
Durrell Wildlife Conservation	Trust (Jersey)	2,000	2,000
Environmental Investigation	Agency	2,000	2,000
Fauna 8 Flora International		3,000	3,000
Free the Bears UK		5,000	5,000
Freshfields Animal Rescue		2,000	2,000
Help in Suffering (UK)			2,000
Mauritian Wildlife Foundation	(Mauritius)	5,000	6,000
		6,000
Mayhew Animal Home		1,000	1,000
Reef Conservation (Mauritius)		2,000	2,000
Safe Haven for Donkeys			2,000
Society ofStPius X (Switzerland)		12,000	12,000
Zimbabwe NSPCA (Zimbabwe)		5,000	5,000
		47,500	46,000

						Value at	Value at
					Income	31/12/20	31/12/19
Fixed Interest					F		F
f100,000		Marks 8 Spencer 6.125'/0 MTN 6/12/2021			6,125.00	106,290.52	108,685.50
F200,000		Tesco 6.15'/0 15/11/37			9,615.74	190,975.60	176,892.20
F43,500		UK Treasury 4.125'/0 I/L 22/1/2030			3,853.00	166,467.50	163,374.25
					19,593.74
4,000		Aberdeen Mgs Emerging Markets		Equity Acc	201.52	40,756.00	33,451.60
UK Equities
18,000		BPUS$0.25			4,402.44	45,864.00	84,888.00
1,550		British American Tobacco Ord 25p			3,232.52	41,974.00	50,088.25
2,000		Derwent London Ord 5p			1,243.20	61,920.00	80,200.00
1,700		Diageo Ord 0.28 101/108p			1,187.96	48,926.00	54,408.50
2,600		Experian Ord US$0.10			966.31	72,202.00	66,352.00
4,100		Glaxosmithkline			3,280.00	55,022.00	72,939.00
1,400		Imperial Brands Ord 10p			2,263.94	21,497.00	26,166.00
130,000		Lloyds Banking Group Ord 1p			0.00	47,372.00	81,250.00
11,000		JP Morgan Asian Investment	Trust	Ord 25p	1,738.00	53,515.00	43,340.00
11,666		M&G Ord 5p			2,539.68	23,092.84	27,671.75
3,208		National Grid Ord 0.113953			1,558.12	27,749.20	30,293.14
11,666 3,000		Prudential Ord 5p Royal Dutch Shell "B"Ord 60.07			2,917.66 2,209.50	157,141.02 37,782.00	169,040.34 67,185.00
15,000		Scottish Mortgage Inv Trust	Ord 5p		496.50	182,100.00	86,850.00
4,000		SSEOrd 50p			3,200.00	60,000.00	57,540.00
5,300		Unilever Ord 0.031111p			7,700.90	232,776.00	230,576.50
					39,138.25
Foreign	Equities
14,000		Aberdeen Asian Inc Ord NPV			1,295.00	31,990.00	29,960.00
90 60		Adobe Inc Com US$0.0001 Alphabet Inc Cap Stock "C"			0.00 0.00	32,964.07 76,980.33	0.00 60,580.87
40		Amazon Com Inc$0.01			0.00	95,409.71	55,817.55
1,100		Apple Inc NPV			860.57	106,894.43	99,790.43
20,000		Australian Foundation Inv NPV			2,541.30	82,418.35	75,455.67
550		Becton Dickinson US$1			1,177.26	100,788.01	112,961.41
340		Facebook Inc Com			0.00	68,017.43	52,699.74
800		Henkel AG &Co NPV			965.21	56,784.81	56,905.60
1,632		Jardine Matheson Holdings	USD0.25		2,253.14	66,931.?8	68,523.?8
740		Microsoft Corp Com			1,009.90	120,539.60	88,127.17
2,760		Nestle SF1 Reg			3,960.72	238,150.79	225,429.94
900		Paypal Holdings Com			0.00	154,366.69	73,518.35
359		Pernod Ricard Eur1.55			613.18	51,446.38	49,202.04
670		Philip Morris Int Com NPV			2,442.20	40,623.45	43,052.63
930		Pinterest Inc Com CL A			0.00	44,884.10	0.00

INVESTMENTS	1stDe	cember 2020
			Value at	Value at
		Income	31/12/20	31/12/19
1,500 600 8,537 1,700 Procter &Gamble NPV Roche Holdings AG Genusscheine NPV Scentre Group NPV Stapled Verizon Communictions Com USD0.10		3,060.09 3,000.82 355.99 2,750.19 26285.57	152,850.70 153,438.71 0.00 73,144.38 3422 046.40	141,481.64 146,860.50 17,349.87 78,824.95 3,187,734.17
Market Value at 31/12/19 or cost in year of investments	sold			-56,157.26
Cost of investments purchased in 2020 Adjusted M/V at 31/12/19 Market Value at 31/12/20				60,757.22 3,192,334.13 3,422,046.40
UNREALISED GAIN/LOSS IN 2020				229,712.27

						Value at
						31/12/19 or
DISPOSALS					Proceeds	cost in year	Gain/Loss
1/9/20	700 Apple	Inc			68,145.53	38,807.39	29,338.14
2/9/20	8537Scentre		Group	NPV Stapled	9,930.20	17,349.87	-7,419.67
					78075.?3	56 157.26	21 918.47
ACQUISITIONS					Cost
					F
24/8/20	1350Apple				stock split
1/9/20	90Adobe	Inc	Com		34,632.32
1/9/20	930Pinterest		Inc Com		25,923.38
30/10/20	Aberdeen	Emerging		Markets Acc	201.52	Acc units
					60757.22

	based	on UK Ch	arity C	ommission r	nts
					2020	2019
					$	$
BALANCE AS AT DECEMBER		31ST2020			1,036,679.59	984,706.69
Represented	by:-				Market Value	Market Value
					21/31/20	21/31/19
Cash balance					4,890.59	113,030.26
Common Stocks					875,986.00	730,732.00
Fixed Interest					163,784.00	150,574.00
Creditor
Hunters					-7,981.00	-9,629.57
					1 036679.59	984706.69
Approved	by the Trustees on	~ h	. 2021 „J'~
			J C Vernor-Miles
			A D	mill
			EVernor-Miles
				J Priday

based on UK Charity Commission req	uirements
INCOMING RESOURCES	2020 $	2019 $
US Common Stocks Non-US Shares net income	721.92 10,752.52 11474.44	1,448.97 12,250.73 13699.70
RESOURCES EXPENDED Direct Charitable Ex enditure	68,741.00	63,500.00
Mana ement and Administration Ex enses Hunters administration fees for the year ended 12/31/20	18,573.43	25,062.63
Ryan & McDonald fees for preparing Federal Return of Private Foundation for the year ended 12/31/19	2,700.00	2,625.00
Fees for Form 8802 Residency Certification	0.00	85.00
Contribution to Trustees travel expenses UK to USA	0.00	4,360.00
David Orr - independent investment advisor Pictet Custody fees Pictet Admin fees	3,000.00 342.84 7,743.83	3,000.00 470.48 7,835.74
Sundry Bank Charges and interest Loss on currency conversion	342.39 101443.49	344.57 276.32 107559.74
There are no publicity or fund raising costs
Net Incoming/Outgoing expenditure for the year	-89,969.05	-93,860.04
GAIN/LOSS ON INVESTMENTS IN THE YEAR
Realised	-35,351.80	48,156.84
Unrealised	177,293.75	143,329.59
BALANCE B/FWD AT JANUARY 1ST2020	984,706.69	887,080.30
BALANCE AT DECEMBER 31ST2020	1,036,679.59	984,706.69

2020 SYLVANUS CHARITABLE TRUST 98%032428	2020 SYLVANUS CHARITABLE TRUST 98%032428
DOLLAR SECTION
	GRANTS
		2020	2019
			$
CONSERVATION FORCE TRUST for DAPU		7,000	6,000
3240S.1-10Service Road W Suite 200 Metairie Louisiana 70001-6911
FRIENDS OF COMMUNITY ANIMAL SERVICES		2,000
PO Box7487 Spreckels CA 93962
MIDDLEBURY COLLEGE		12,241	10,000
460 Pierce Street Monterey CA 93940
PEACE OF MIND DOG RESCUE		5,000	5,000
PO Box51554Pacific Grove CA 93950
SAN FRANCISCO ZOOLOGICAL SOCIETY		7,000	7,000
1 Zoo Road San Francisco CA 94132-1098
SHANTI PROJECT		4,500	4,500
730 Polk Street San Francisco CA 94019
SPCA FOR MONTEREY COUNTY		8,000	8,000
PO Box3058 Monterey CA 93942
SPCA OF WESTCHESTER		4,000	4,000
590 North State Road Briarcliff Manor NY 10510
VENTANA WILDERNESS SANCTUARY		7,500	7,500
9699Blue Larkspur Ln Ste 105, Monterey,	CA 93940
WILDLIFE CONSERVATION SOCIETY		7,000	7,000
185th St &Southern Boulevard Bronx NY 10460
WONDER DOG RESCUE		4,500	4,500
2926 16th Street San Francisco CA 94013
		68,741	63,500

			Market
			Value at	Gross
		BookValue	31/12/20	Interest
FIXED	INCOME	$	$	$
110 4,800	Bluebay High Yield Bond Pimco Gis Gig Credit Instit	40,571.03 101,406.41 141,977.44	56,552 107,232 163,784	0.00 0.00 0.00
			Market
			Value at
US COMMON STOCKS		Book Value	31/12/20	Dividends
52	Alphabet"A"	40,519.94	91,137	0.00
55	Amazon	18,790.34	179,131	0.00
678	Exact Sciences	50,413.25	89,828	0.00
240	Ishares Vll-Core S&P500 USD ETF	50,424.14	90,420	0.00
300	Procter &Gamble	24,838.46	41,742	223.77
				166.05
				166.05
				166.05
				721.92
				Net offoreign
NON-US SHARES				tax
909	Diageo	25,183.13	35,761	303.68
				491.38
360	Nestle (Swiss tax 35%)	22,115.15	42,461	639.79
1,200	Novartis Reg (Swiss tax 35%)	60,777.33	113,558	2,368.32
120	Roche Holdings( Swiss tax 35%)	21,367.38	41,948	701.22
1,174	Royal Dutch Shell "A" ADR (UK 15%)			938.03
				3'19.33
				319.33
355	Zurich Insurance	100,843.71	150,000	4,671.44
		415272.83	875986	10752.52