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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|||||
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|||2021||2020||
|---|---|---|---|---|---|
|Fixed income||54,254.00|4.27'/o|163,784|15.80'/o|
|US Shares||535,781.00|42.16/o|492,258|47.48'/o|
|Non-US Shares||655,199.00|51.55/o|383,728|37.02'/o|
|Cash||25,684.96|2.02'/0|-3,091|30o/o|
|Total financial|investments|1 270918.96|100o/|1036680|100'/o|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||F|
|UNRESTRICTED FUNDS|||||3,960,892.08|3,778,037.77|
|There are|no restricted or endowment|funds|||||
|represented|by.'-||||||
|INVESTMENTS at Market Value|||||3,668,661.34|3,422,046.40|
|CASH BALANCES|||||||
|Raymond James
($5796.57)|||||260,301.23
4,281.17|51,663.68
67,111.93|
|CAF Bank|||||29,269.05|237,503.54|
|Hunters|||||5,939.29|6,476.62|
|Creditor|||||||
|Hunters|||||-7,560.00|-6,764.40|
||||||3,960,892.08|3,778,037.77|
|Approved|by the Trustees on||',|~tL|||
|||C|e|or@biles|||
|||A|D Gemmill||||
||||Vernorkhiles||||
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|for|the|year en|ded 31stDecemb|er 2021||
|---|---|---|---|---|---|
|INCOMING RESOURCES||||2021|2020|
||||||E|
|Fixed Interest (gross)||||20,125.58|19,593.74|
|UK Dividends||||35,992.14|38,033.53|
|Unit Trust Accumulation
Units||||259.54|201.52|
|UK Property Income Distributions||||928.00|903.20|
|Foreign Interest||||0.00|0.00|
|Overseas
Dividends||||25,710.96|26,285.5?|
|Donation
from Ernest Kleinwort|Charitable||Trust|0.00|5,000.00|
|||||83,016.22|90,017.56|
|RESOURCES EXPENDED||||||
|Transfer to Dollar Section||||150,000.00|0.00|
|Direct Charitable
Ex enditure||||||
|Donations||||53,000.00|47,500.00|
|Mana
ement and Administration|Ex enditure|||||
|Hunters fees and disbursements|for 2021 inc VAT|||20,760.00|16,764.70|
|G Taviner fee for 2021||||4,039.77|4,000.00|
|Burgess Hodgson
Independent
Examination|||fee 2020 a/cs|967.22|937.28|
|LEIfee||||0.00|78.00|
|Raymond
James fees||||14,932.39|14,874.05|
|Trustees
meeting expenses||||433.13|0.00|
|Trustee travel expenses||||102.70|0.00|
|Bank fees||||229.00|60.00|
|Loss on currency conversion||||1,773.81|1,690.22|
|||||246,238.02|85,904.25|
|There are no publicity or fund|raising costs|||||
|Net Income/Outgoing
Resources||in year||-163,221.80|4,113.31|
|GAIN/LOSS
ON INVESTMENTS|IN|THE YEAR||||
|Realised||||-2,382.82|21,918.47|
|Unrealised||||348,458.93|229,712.27|
|BALANCE B/FWD AT 1STJANUARY 2021||||3,778,037.77|3,522,293.72|
|BALANCE at 31stDecember 2021||||3,960,892.08|3,778,037.77|
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|||||2021|2020|
|---|---|---|---|---|---|
|Cheque|No||||Z|
|38||Curly Tails||3,000|2,500|
|||Durrell Wildlife Conservation|Trust (Jersey)|2,000|2,000|
|39||Environmental
Investigation|Agency|2,000|2,000|
|4o||Fauna 8 Flora International||3,000|3,000|
|41||Free the Bears UK||5,000|5,000|
|42||Freshfields
Animal Rescue||2,000|2,000|
|43||Help
in Suffering
(UK)||2,000||
|||Mauritian
Wildlife Foundation|(Mauritius)|6,000|5,000|
||||||6,000|
|44||Mayhew
Animal
Home||2,000|1,000|
|||Reef Conservation
(Mauritius)||2,000|2,000|
|37||Royal Veterinary
College Animal Care Trust||5,000||
|4s||Safe Haven for Donkeys||2,000||
|||Society ofSt Pius X(Switzerland)||12,000|12,000|
|&o&||Zimbabwe
NSPCA (Zimbabwe)||5,000|5,000|
|||||53000|47 500|
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||||||Value at|Value at|
|---|---|---|---|---|---|---|
|||||Income|31/12/21|31/12/20|
|Fixed Interest||||E||E|
|2100,000
F200,000
f43,500||Marks 8 Spencer 6.125'/o MTN 6/12/2021
Tesco 6.15'/o 15/11/37
UK Treasury 4.125'k I/L 22/1/2030||7,375.00
8,861.04
3,889.54|0.00
193,051.54
167,465.10|106,290.52
190,975.60
166,467.50|
|||||20 125.58|||
|UK Equi|ties||||||
|18,000||BPUS$0.25||2,796.76|59,490.00|45,864.00|
|1,550||British American Tobacco Ord 25p||3,321.65|42,369.25|41,974.00|
|2,000||Derwent
London Ord 5p||1,277.00|68,300.00|61,920.00|
|1,700
2,600
4,100
1,400
130,000
11,000
11,666
3,208
11,666
3,000||Diageo Ord 0.28 101/108p
Experian
Ord US$0.10
Glaxosmithkline
Imperial Brands Ord 10p
Lloyds Banking Group Ord 1p
JP Morgan Asia Grow Ord 25p
M8G Ord 5p
National
Grid Ord 0.113953
Prudential
Ord 5p
Royal Dutch Shell "B"Ord &0.07||1,233.35
890.55
3,280.00
1,940.54
1,612.00
2,123.00
2,138.37
1,577.05
1,353.24
1,789.80|68,612.00
94,432.00
65,870.60
22,631.00
62,140.00
49,555.00
23,273.67
33,998.38
148,683.17
48,672.00|48,926.00
72,202.00
55,022.00
21,497.00
47,372.00
53,515.00
23,092.84
27,749.20
157,141.02
37,782.00|
|15,000
4,000||Scottish Mortgage
Inv Trust Ord 5p
SSEOrd 50p||523.50
3,240.00|200,625.00
65,960.00|182,100.00
60,000.00|
|5,300||Unilever
Ord 0.031111p||7,823.33|209,111.50|232,776.00|
|||||36920.14|||
|4,000||Aberdeen
Mgs Emerging
Markets|Equity Acc|259.54|39,360.80|40,756.00|
|Foreign|Equities||||||
|14,000||Aberdeen
Asian Inc Ord NPV||1,302.00|32,340.00|31,990.00|
|90
60||Adobe Inc Com US$0.0001
Alphabet
Inc Cap Stock "C"||0.00
0.00|37,693.15
128,226.92|32,964.07
76,980.33|
|40||Amazon
Com lnc$0.01||0.00|98,505.58|95,409.71|
|1,100||Apple Inc NPV||579.47|144,262.43|106,894.43|
|20,000||Australian
Foundation
Inv NPV||2,585.45|90,823.69|82,418.35|
|550||Becton Dickinson US$1||841.56|102,154.41|100,788.01|
|700||Boston Properties
Inc US$0.01||836.90|59,547.85|0.00|
|800||HenkelAG
8 Co NPV||921.65|0.00|56,784.81|
|1,632
340||Jardine Matheson
Holdings
USD0.25
Meta Platforms
Inc Cl "A" (formerly Facebook)||1,977.82
0.00|66,305.99
84,461.99|66,931.78
68,017.43|
|740||Microsoft Corp Com||1,041.46|183,812.64|120,539.60|
|2,760||Nestle SF1 Reg||3,833.33|285,012.88|238,150.79|
|900||Paypal
Holdings
Com||0.00|125,351.37|154,366.69|
|359||Pernod
Ricard Eur1.55||690.68|63,809.50|51,446.38|
|670||Philip Morris Int Com NPV||2,322.94|47,009.90|40,623.45|
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|||||||||Value at|Value at|
|---|---|---|---|---|---|---|---|---|---|
||||||||Income|31/12/21|31/12/20|
|930|Pinterest
Inc Com||CL A||||0.00|24,967.69|44,884.10|
|1,500|Procter 8 Gamble||NPV||||2,285.97|181,223|152,850.70|
|600
1,700|Roche Holdings
AG Genusscheine
NPV
Verizon Communictions
Com USD0.10||||||2,740.54
3,451.94|184,312
65,239|153,438.71
73,144.38|
||||||||25411.71|3668661.34|3,422,046.40|
|Market Value at 31/12/20 or||cost in year of investments||||sold|||-163,075.33|
|Cost of|investments
purchased||in 2021||||||61,231.34|
|Adjusted|M/V at 31/12/20||||||||3,320,202.41|
|Market Value at 31/12/21|||||||||3,668,661.34|
|UNREALISED GAIN/LOSS||IN|2021||||||348,458.93|
##
||IN|VESTMENT
CH|ANGES|in the year en|ded 31stDece|mber 2021||
|---|---|---|---|---|---|---|---|
|||||||Value at||
|||||||31/12/20 or||
|DISPOSALS|||||Proceeds|cost in year|Gain/Loss|
||||||E|||
|17/6/21|800 Henkel||||54,958.20|56,784.81|-1,826.61|
|28/9/21|291 Jackson Financial||||5,?34.31||5,734.31|
|7/12/21|100,000|Marks 8 Spencer|6.125%7/1 2/21||100,000.00|106,290.52|-6,290.52|
||||||160692.51|163075.33|-2382.82|
|ACQUISI|TIONS||||Cost|||
|17/6/21|700 Boston Properties||||60,971.80|||
|1/9/21|291 Jackson Financial|||||spin off from Prudential||
||Aberdeen|Mgs Emerging|Markets|Equity Acc|259.54|Acc dividend||
||||||61 231.34|||
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|based on||UK Charity|Commission
r|equirements||
|---|---|---|---|---|---|
|INCOMING RESOURCES||||2021|2020|
|||||$|$|
|Transfer from Sterling Section ofTrust||||204,900.00|0.00|
|US Common Stocks||||714.03|721.92|
|Non-US Shares net income||||10,648.38|10,752.52|
|||||216 262.41|11474.44|
|RESOURCES EXPENDED||||||
|Direct Charitable
Ex enditure||||67,500.00|68,741.00|
|Mana
ement and Administration
Ex||enses||||
|Hunters
administration
fees for the year ended|||12/31/21|21,761.41|18,573.43|
|Ryan & McDonald fees for preparing||Federal Return of||||
|Private Foundation
for the year ended||12/31/20||2,700.00|2,700.00|
|David Orr - independent
investment|advisor|||3,000.00|3,000.00|
|Pictet Custody fees||||529.67|342.84|
|Pictet Admin fees||||8,540.52|7,?43.83|
|Sundry Bank Charges and interest||||334.53|342.39|
|Loss on currency conversion||||91.67||
|||||104457.80|101443.49|
|There are no publicity or fund raising costs||||||
|Net Incoming/Outgoing
expenditure||for the year||111,804.61|-89,969.05|
|GAIN/LOSS
ON INVESTMENTS
IN|THE YEAR|||||
|Realised||||2,003.86|-35,351.80|
|Unrealised||||120,430.90|177,293.75|
|BALANCE B/FWD AT JANUARY 1ST2021||||1,036,679.59|984,706.69|
|BALANCE AT DECEMBER 31ST2021||||1,270,918.96|1,036,679.59|
##
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|2021
SYLVANUS CHARITABLE TRUST
98-0032428
DOLLAR SECTION
GRANTS|||
|---|---|---|
||2021|2020|
||$|$|
|CONSERVATION
FORCE TRUST for DAPU
3240S.1-10Service Road W Suite 200 Metairie Louisiana 70001-6911|7,000|7,000|
|FRIENDS OF COMMUNITY
ANIMAL SERVICES
PO Box7487 Spreckels CA 93962|3,000|2,000|
|MIDDLEBURY COLLEGE
460 Pierce Street Monterey
CA 93940|10,000|12,241|
|PEACE OF MIND DOG RESCUE
PO Box51554Pacific Grove CA 93950|5,000|5,000|
|SAN FRANCISCO ZOOLOGICAL SOCIETY|7,000|7,000|
|1 Zoo Road San Francisco CA 94132-1098|||
|SHANTIPROJECT
730 Polk Street San Francisco CA 94019|4,500|4,500|
|SPCA FOR MONTEREY COUNTY
PO Box3058 Monterey
CA 93942|8,000|8,000|
|SPCA OF WESTCHESTER
590 North State Road Briarcliff Manor NY 10510|4,000|4,000|
|VENTANA WILDERNESS SANCTUARY
9699Blue Larkspur
Ln Ste 105, Monterey,
CA 93940|7,500|7,500|
|WILDLIFE CONSERVATION
SOCIETY
185th St &Southern
Boulevard
Bronx NY 10460|7,000|7,000|
|WONDER DOG RESCUE|4,500|4,500|
|2926 16th Street San Francisco CA 94013|||
||67500|68741|
##
||||||||Market||
|---|---|---|---|---|---|---|---|---|
||||||||Value at|Gross|
|||||||Book Value|31/12/21|Interest|
|FIXED INCOME||||||$|$|$|
|110|Bluebay|High Yield Bond||||40571.03|54 254|0.00|
|US COMMON STOCKS||||||||Dividends|
|52|Alphabet|"A"||||40,519.94|150,646|0.00|
|55|Amazon|||||18,790.34|183,389|0.00|
|678|Exact Sciences|||||50,413.25|52,769|0.00|
|205|Ishares|Vll-Core||SBP500 USD ETF||43,070.62|99,903|0.00|
|300|Procter|8 Gamble||||24,838.46|49,074|714.03|
|||||||||714.03|
|||||||||Net offoreign|
|NON-US|SHARES|||||||tax|
|909|Diageo|||||25,183.13|49,691|885.86|
|2,560|Fidelity-Global||Dividend||Y-Ac USD|0.00|69,197|0.00|
|360|Nestle (Swiss tax|||35'/o)||22,115.15|50,352|691.75|
|1,200|Novartis|Reg (Swiss tax|||35'/o)|60,777.33|105,730|2,470.42|
|1,705|Pfizer|||||0.00|100,680|930.92|
|120|Roche Holdings(|||Swiss|tax 35'/o)|21,367.38|49,928|753.48|
|424|Siemens|||||0.00|73,618|0.00|
|355|Zurich Insurance|||||100,843.71|156,003|4,915.95|
|||||||407919.31|1 190980|10648.38|
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|||Market Value|Market Value|||
|---|---|---|---|---|---|
|Disposals||at 31/12/20||Proceeds|Gain/Loss|
|4/7/21|100Pimco Gis Gig Credit lnstit||2,234.00|$ 2,091.28|$ -142.72|
|7/26/21|35lshares Vll-Core S8P500||13,186.25|15,493.30|2,307.05|
|7/29/21|4700 Pimco Gis Gig Credit Instit||104,998.00|104,837.53|-160.47|
||||120418.25|122422.11|2003.86|
|Acquisitions|||Cost|||
|7/14/21|2560 Fidelity-Glob
Div|Y-Acc USD|68,128.11|||
|7/14/21|1705Pfizer||68,549.91|||
|7/14/21|424 Siemens||68,773.33|||
||||205451.35|||
||||||$|
||Market Value of investments
at 31/12/20||||1,039,770.00|
||Less Market Value at 31/12/20 of investments||sold||-120,418.25|
||Add cost of investments|purchased|||205,451.35|
||Adjusted
Market Value|at 31/12/20|||1,124,803.10|
||Market Value of investments
at 31/12/21||||1,245,234.00|
||Unrealised
gain/loss|in 2021|||120,430.90|
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