2022-12-31-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 SH	EETas at 31st	December 2022
		2022	2021
UNRESTRICTED FUNDS		3,438,805.39	3,960,892.08
There are no restricted or endowment	funds
represented by:-
INVESTIIENTS at Market Value		3,161,593.16	3,668,661.34
CASH BALANCES
Raymond James		123,476.62	260,301.23
($5796.57)		4,811.03	4,281.17
CAF Bank		154,663.79	29,269.05
Hunters		938.79	5,939.29
Creditor
Hunters		-6,678.00	-7,560.00
		3,438,805.39	3,960,892.08

for	t	he	year end	ed 31stDecemb	er 2022
INCOMING RESOURCES					2022	2021
Fixed Interest (gross)					14,261.71	20,125.58
UK Dividends					38,396.25	35,992.'14
Unit Trust Accumulation Units					431.93	259.54
UK Property Income Distributions					952.00	928.00
Overseas Dividends					28,992.34	25,710.96
Adjustment to Roche dividends 2021					19.46	0.00
Bank interest					141.18	0.00
Gain on currency conversion					529.86	0.00
					83,724.73	83,016.22
RESOURCES EXPENDED
Transfer to Dollar Section					0.00	150,000.00
Direct Charitable Ex enditure
Donations					55,500.00	53,000.00
Mana ement and Administration		Ex enditure
Hunters fees and disbursements		for 2022 inc VAT			24,180.00	20,760.00
G Taviner fee for 2022					5,000.00	4,039.77
Burgess Hodgson Independent	Examination			fee 2021 a/cs	1,002.00	967.22
Raymond James fees					14,329.17	14,932.39
Trustees meeting expenses					579.94	433.13
Trustee travel expenses					0.00	102.70
Bank fees					163.00	229.00
Loss on currency conversion					0.00	1,773.81
					100,754.11	246,238.02
There are no publicity or fund		raising costs
Net Income/Outgoing Resources			in year		-1?,029.38	-163,221.80
GAIN/LOSS ON INVESTMENTS		IN	THE YEAR
Realised					2,442.80	-2,382.82
Unrealised					-507,500.11	348,458.93
BALANCE B/FWD AT 1STJANUARY 2022					3,960,892.08	3,778,037.77
BALANCE at31stDecember 2021					3,438,805.39	3,960,892.08

				2022	2021
Cheque	No
via Hunters		Born Free Foundation		5,000
113		Curly Tails		3,000	3,000
		Durrell Wildlife Conservation	Trust (Jersey)		2,000
104		Environmental Investigation	Agency	1,500	2000
		Fauna L Flora International			3,000
109		Free the Bears UK		5,000	5,000
		Freshfields Animal Rescue			2,000
105		Help in Suffering {UK)		2,000	2,000
transfer		Mauritian Wildlife Foundation	{Mauritius)	7,000	6,000
106		Mayhew Home		2,000	2,000
transfer		Reef Conservation (Mauritius)		2,000	2,000
110		Royal Vetennary College Animal Care Trust		5,000	5,000
107		Safe Haven for Donkeys		2,000	2,000
transfer		Society ofSt Pius X(Switzerland)		12,000	12,000
10s		World Veterinary Service		3,000
112		Zimbabwe NSPCA (Zimbabwe)		6,000	5,000
				55500	53,000

							Value at	Value at
						Income	31/12/22	31/12/21
Fixed Interest
$200,000		Tesco 6.15%%d 15/11/37				10,169.63	160,157.70	193,051.54
f43,500		UK Treasury 4.125'/o I/I 22/1/2030				4,092.08	146,225.25	167,465.10
						14,261.71
UK Equities
18,000		BPUS$0.25				3,352.25	85,482.00	59,490.00
1,550		British American Tobacco	Ord 25p			3,367.36	50,863.25	42,369.25
2,000		Derwent London Ord 5p				1,312.00	47,360.00	68,300.00
1,7QO		Diageo Ord 0.28 101/108p				1,295.06	62,050.00	68,612.00
2,600		Experian Ord US$0.10				1,077.52	73,138.00	94,432.00
3,280		GSK Ord 0.3125p				2,829.00	47,153.28	65,870.60
4,100		Haleon Ord 0.01p				0.00	13,421.35	0.00
1,4QQ		Imperial Brands Ord 10p				1,964.62	28,994.00	22,631.00
130,000		Lloyds Banking Group Ord 1p				2,769.00	59,033.00	62,140.00
11,000		JP Morgan Asia Grow Ord 25p				1,815.00	40,040.00	49,555.00
11,666		M8G Ord 5p				2,146.54	21,914.58	23,273.67
3,208		National Grid Ord 0.113953				1,635.11	31,996.59	33,998.38
11,666		Prudential Ord 5p				1,682.28	131,534.15	148,683.17
3,000		Shell Ord 60.07				2,414.10	69,780.00	48,672.00
15,000		Scottish Mortgage Inv Trust		Ord 5p		550.50	108,420.00	200,625.00
4,000		SSEOrd 50p				3,428.00	68,480.00	65,960.00
5,300		Unilever Ord 0.031111p				7,709.91	221,646.00	209,111.50
						39,348.25
4,000		Aberdeen Mgs Emerging	Markets		Equity Acc	431.93	32,880.80	39,360.80
Foreign	Equities
14,000		Aberdeen Asian Inc Ord NPV				1,351.00	30,100.00	32,340.00
90		Adobe Inc Com US$0.0001				0.00	25,138.15	37,693.15
1,200		Alphabet Inc Cap Stock "C"				0.00	88,372.83	128,226.92
800		Amazon Com Inc$0.01				0.00	55,774.58	98,505.58
1,100		Apple Inc NPV				675.95	118,623,07	144,262.43
20,000		Australian Foundation Inv	NPV			2,690.42	84,113.20	90,823.69
550		Becton Dickinson US$1				988.35	116,084.99	102,154.41
700		Boston Properties Inc US$0.01				1,865.84	39,262.98	59,547,85
1,632		Jardine Matheson Holdings		USD0.25		2,849.06	68,945.35	66,305.99
340		Meta Platforms Inc Cl "A"	(formerly		Facebook)	0.00	33,959.08	84,461.99
740		Microsoft Corp Com				1,280.88	147,293.69	183,812.64
2,760		Nestle SF1 Reg				4,096.93	265,707.97	285,012.88
900		Paypal Holdings Com				0.00	53,199.98	125,351.37
359		Pemod Ricard Eur1.55				946.57	58,527.42	63,809.50
670		Philip Morris Int Com NPV				2,683.12	56,281.45	47,009.90

								Value at	Value at
							Income	31/12/22	31/12/21
									K
930	Pinterest Inc Com		CL A				0.00	18,741	24,967.69
I;500	Procter 8 Gamble		NPV				2,705.19	188,687	181,223
600	Roche Holdings	AG Genusscheine			NPV		2,920.30	156,618	184,312
1,700	Verizon Communictions			Com USD0.10			3,938.73	55,592	65,239
							28,992.34	3,161,593.16	3,668,661.34
Market Value at 31/12/21 or		cost in		year of investments		sold			0.00
Cost of	investments purchased		in 2022						431.93
Adjusted	M/V at 31/12/21								3,669,093.27
Market Value at 31/12/22									3,161,593.16
UNREALISED GAIN/LOSS		IN	2022						-507,500.11

	INVESTMENT	CHANGES in the year	CHANGES in the year	ended 31stDecember 2022	ended 31stDecember 2022
					Value at
					31/12/21 or
DISPOSALS				Proceeds	cost in year	Gain/Loss f
1/4/22	110Embecta			2,442.80	0.00	2,442.80
ACQUISITIONS				Cost
1/4/22	110Embecta Corp				demerger from	Becton
6/6/22	760Amazon				bonus extra shares
18/7/22	1140Alphabet				bonus extra shares
19/7/22	3280GSK Ord 0.3125				split
19/7/22	4100 Haleon Ord 0.01				demerger from	GSK
31/7/22	Aberdeen Emerging	Markets	Equity Accum	431.93

2022	2021
$	$
912194.24	1,270918.96

					2022 $	2021 $
BALANCE AS AT DECEMBER		31ST2022			912194.24	1,270918.96
Represented	by:-
					Market Value	Market Value
					31/12/2022	31/12/2021
Cash balance					16,004.41	31,984.96
Common Stocks					857,274.18	1,190,980.00
Fixed Interest					46,005.73	54,254.00
Creditor
Hunters					-7,090.08	-6,300.00
					912194.24	1 270918.96
			//
Approved by	the Trustees on
		JC	nor-Miles
		AD	Ge	il
			em or-Miles
			Priday

INCOMING RESOURCES				2022	2021
				$	$
Transfer from Sterling Section ofTrust				0.00	204,900.00
US Common Stocks net income				2,667.63	714.03
Non-US Shares net income				11,177.63	10,648.38
				13845.26	216262.41
RESOURCES EXPENDED
Direct Charitable Ex enditure				64,000.00	67,500.00
Mana ement and Administration	Ex		nses
Hunters administration fees for the year ended 31/12/22				24,653.99	21,761.41
Additional fees paid for 2021				2,064.55
Moss Adams fees for preparing	Federal Return of
Private Foundation for the year ended			31/12/21 and handover	3,675.48	2,700.00
David Orr - independent investment		advisor		3,000.00	3,000.00
Pictet Custody fees				514.08	529.67
Pictet Admin fees				8,171.52	8,540.52
Sundry Bank Charges and interest				291.45	334.53
Loss on currency conversion				0.00	91.67
				106371.07	104457.80
There are no publicity or fund	raising costs
Net Incoming/Outgoing expenditure			for the year	-92,525.81	111,804.61
GAIN/LOSS ON INVESTMENTS	IN	THE YEAR
Realised				-30,626.12	2,003.86
Unrealised				-235,572.79	120,430.90
BALANCE B/FWD AT 1STJANUARY			2022	1,270,918.96	1,036,679.59
BALANCE AT 31STDECEIIBER31ST2022				912,194.24	1,270918.96

	GRANTS
		2022	2021
		$	$
CONSERVATION FORGE TRUST for DAPU		7,000	7,000
3240S.1-10Service Road W Suite 200 Metairie Louisiana 70001-6911
FRIENDS OF COMIIUNITY ANIMAL SERVICES		4,000	3,000
PO Box7487 Spreckels CA 93962
MIDDLEBURY COLLEGE		15,000	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		5,000	4,500
730 Polk Street San Francisco CA 94019
SPCA FOR MONTEREY COUNTY			8,000
PO Box3058 Monterey CA 93942
SPCA OF WESTCHESTER		5,000	4,000
590 North State Road Briarcliff Manor NY 10510
VENTANA WILDERNESS SANCTUARY		8,000	7,500
9699Blue Larkspur Ln Ste 105, Monterey,	CA 93940
WILDLIFE CONSERVATION SOCIETY		8,000	7,000
185th St8 Southern Boulevard Bronx NY 10460
WONDER DOG RESCUE			4,500
2926 16th Street San Francisco CA 94013
		64,000	67,500

						Market
						Value at	Gross
					BookValue	31/12/22	Interest
FIXED INCOME
110	Bluebay High	Yield Bond			40,571.03	46,005.73	0.00
							Dividends
							net ofUS tax
US COMMON STOCKS 1,040 Alphabet "A"					40,519.94	91,759.20	O 30o/o 0.00
1,100	Amazon				18,790.34	92,400.00	0.00
205	Ishares VII-Core		S8P 500 USD ETF		43,070.62	81,198.45	0.00
1,705	Pfizer				68,549.91	87,364.20	1,909.60
300	Procter 8 Gamble				24,838.46	45,468.00	758.03
							2,667.63
							Net offoreign
NON-US	SHARES						tax
909	Diageo				25,183.13	39,910.42	813.23
2,560	Fidelity-Global	Dividend		Y-Ac USD	68,128.11	61,337.60	0.00
360	Nestle (Swiss	tax	35'/o)		22,115.15	41,688.72	690.83
1,200	Novartis Reg	(Swiss tax		35'/o)	60,777.33	10S,417.64	2,567.90
120	Roche Holdings(		Swiss	tax 35'/o)	21,367.38	37,678.34	764.93
424	Siemens				68,773.33	58,663.91	1,390.69
233	Zurich Insurance				62,982.11	111,387.70	4,950.05
					525,095.81	857,274.18	11,177.63

				Market Value	Market Value
Disposals				at	31/12/21	Proceeds	Gain/Loss
						$	$
16/6/22	678Exact Sciences				52,769.00	24,785.17	-27,983.83
17/7/22	122Zurich Insurance				53,612.30	50,352.28	-3,260.02
	Zurich capital distribution						617.73
					106381.30	75137.45	-30626.12
Acquisitions					Cost
3/6/22	Amazon					stock split
15/?/22	Alphabet					stock split
							$
	Market Value of investments			at 31/12/21			1,245,234.00
	Less Market Value at 31/12/21 of investments				sold		-106,381.30
	Add cost of investments		purchased				0.00
	Adjusted Market Value	at 31/12/21					1,138,852.70
	Market Value of investments			at 31/12/22			903,2?9.91
	Unrealised gain/loss	in	2022				-235,572.79