## ## ## ## |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||||| ||||'||| |||j/,|||| |||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$1|||1,177.26|100,788.01|112,961.41| |340||Facebook Inc Com|||0.00|68,017.43|52,699.74| |800||Henkel AG &Co NPV|||965.21|56,784.81|56,905.60| |1,632||Jardine Matheson
Holdings|USD0.25||2,253.14|66,931.?8|68,523.?8| |740||Microsoft Corp Com|||1,009.90|120,539.60|88,127.17| |2,760||Nestle SF1 Reg|||3,960.72|238,150.79|225,429.94| |900||Paypal
Holdings
Com|||0.00|154,366.69|73,518.35| |359||Pernod Ricard Eur1.55|||613.18|51,446.38|49,202.04| |670||Philip Morris Int Com NPV|||2,442.20|40,623.45|43,052.63| |930||Pinterest
Inc Com CL A|||0.00|44,884.10|0.00| ## ## ## |INVESTMENTS|held at 3|1stDe|cember 2020||| |---|---|---|---|---|---| |||||Value at|Value at| ||||Income|31/12/20|31/12/19| |1,500
600
8,537
1,700
Procter &Gamble
NPV
Roche Holdings
AG Genusscheine
NPV
Scentre Group NPV Stapled
Verizon Communictions
Com USD0.10|||3,060.09
3,000.82
355.99
2,750.19
26285.57|152,850.70
153,438.71
0.00
73,144.38
3422 046.40|141,481.64
146,860.50
17,349.87
78,824.95
3,187,734.17| |Market Value at 31/12/19 or cost in year of investments||sold|||-56,157.26| |Cost of investments
purchased
in 2020
Adjusted
M/V at 31/12/19
Market Value at 31/12/20|||||60,757.22
3,192,334.13
3,422,046.40| |UNREALISED GAIN/LOSS
IN 2020|||||229,712.27| |||||||Value at|| |---|---|---|---|---|---|---|---| |||||||31/12/19 or|| |DISPOSALS|||||Proceeds|cost in year|Gain/Loss| |1/9/20|700 Apple|Inc|||68,145.53|38,807.39|29,338.14| |2/9/20|8537Scentre||Group|NPV Stapled|9,930.20|17,349.87|-7,419.67| ||||||78075.?3|56 157.26|21 918.47| |ACQUISITIONS|||||Cost||| ||||||F||| |24/8/20|1350Apple||||stock split||| |1/9/20|90Adobe|Inc|Com||34,632.32||| |1/9/20|930Pinterest||Inc Com||25,923.38||| |30/10/20|Aberdeen|Emerging||Markets Acc|201.52|Acc units|| ||||||60757.22||| ## ## ||based|on UK Ch|arity C|ommission
r|equireme|nts|| |---|---|---|---|---|---|---|---| |||||||2020|2019| |||||||$|$| |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| ## ## ## ## ## ## ## ##