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2023-01-31-accounts

Gordon Fraser Charitable Trust (Registered Charity Number: 260869) (Registered in England & Wales)

Dated 11 March 1966

Accounts

for the year ended 31 January 2023

Gordon Fraser Charitable Trust Dated 11 March 1966

Trustees’ Annual Report for the year ended 31 January 2023

The trustees present their annual report and financial statements of the charity for the year ended 31 January 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Objectives and Grant Making Policies:

The trust is an unincorporated trust, constituted under a trust deed dated 11 March 1966 to make grants out of its income and/or capital at the trustees’ absolute discretion who shall pay, apply or appropriate the whole or any part thereon at any time and in any manner for such purposes or objectives which are recognised by law as good charitable purposes, organisations or objects. The trustees however limit distributions to organisations registered with the Office of the Scottish Charity Regulator and organisations registered with the Charity Commission in the rest of the UK. The trustees generally favour charities operating in Scotland but not to the exclusion of charities operating solely in England and/or Wales and/or Northern Ireland. They favour organisations involved with the performing arts, particularly if children and young people are involved and also if the disabled are involved. They also favour organisations set up to further the visual arts and museums. They support small medical charities and environmental charities including support of the built environment. The trust’s grant-making policy was unchanged during the year.

Achievements and performance:

Page 1

Gordon Fraser Charitable Trust Dated 11 March 1966

Trustees’ Annual Report for the year ended 31 January 2023 (continued)

Investment Policy They collect income, claim tax repayments and report quarterly. The (continued): trustees consider the quarterly reports and comment if necessary. During the year to 31 January 2023, the trustees had a meeting with the investment managers to discuss the state of the market and trust investments and were satisfied with their performance. Their practice is to have a meeting at least annually with the fund manager. Public Benefit: The objects of the trust (see above) are clearly of public benefit both directly and indirectly and due regard has been paid to the public benefit guidance published by the Charity Commission. Reserves: The policy of the trustees is to distribute all the income as it arises and not to accumulate reserves. They use their discretion to distribute relatively small sums from capital on a regular basis. Risk Management: The trustees have assessed the major risks to which the charity is exposed and are satisfied they are not exposed to any significant risks, other than the fluctuation in the value of their investment portfolio and a fall in investment income. They have delegated the management of the portfolio to professionals and regularly review their performance. Plans for the Future: The trustees plan for the future is to continue their grant making policy thus assisting the charities in fulfilling their objectives. The trustees aim to utilise the unrestricted and endowment funds to achieve this objective.

Structure, Governance and Management

Settlor: Gordon Fraser Name of the Charity : Gordon Fraser Charitable Trust The principal governing document is a Settlement dated 11 March 1966. The Trust is a private charitable trust controlled by its trustees. The power of appointing new trustees is vested in the current trustees following the death of the settlor. Trustees are recruited by invitation from people that have become known to the Trust through its activities and have shown that they possess the interest and skills required to make a contribution to the fulfilment of the Trust’s objectives. The trustees are encouraged to receive the appropriate training dependant on their qualifications and experience.

Charity Registration Number: 260869 (Registered in England & Wales)

Reference and administrative information

Trustees:

Margaret Alice Moss Sarah Frances Moss Susannah Clare Rae Alexander Robert Fraser Moss

Alison Frances Elizabeth Priestley

Page 2

Gordon Fraser Charitable Trust Dated 11 March 1966

Trustees’ Annual Report for the year ended 31 January 2023 (continued)

Reference and administrative information (continued)

Principal Office: Gaidrew Farmhouse Drymen Glasgow G63 0DN Accountants: Mercer & Hole Trustees Limited 72 London Road St Albans, Herts AL1 1NS Independent Examiner: Steve Robinson FCA Mercer & Hole LLP, Chartered Accountants & Registered Auditors 72 London Road, St Albans, Herts AL1 1NS

Bankers & Investment Managers: Brooks Macdonald

Hobart House 80 Hanover Square Edinburgh EH2 1EL

Statement of Trustees’ responsibility

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

Page 3

Gordon Fraser Charitable Trust Dated 11 March 1966

Trustees’ Annual Report for the year ended 31 January 2023 (continued)

Statement of Trustees’ responsibility (continued)

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

………………………………………… Signed on behalf of the trustees

Date: ...................................................

Page 4

Independent Examiner’s Report to the Trustees of Gordon Fraser Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 January 2023 which are set out on pages 1 to 15.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Steve Robinson FCA Mercer & Hole LLP 72 London Road St Albans Herts AL1 1NS

Date:

Page 5

Gordon Fraser Charitable Trust Dated 11 March 1966

Statement of Financial Activities

for the year ended 31 January 2023

Notes
Income and endowments from
Investment income
3
Tax recoverable on investment income
8
Tax repayment supplement
Total income and endowments
Expenditure on
Costs of raising funds
Investment management costs
4
Charitable activities
5
Total expenditure
Net gains/(losses) on investments
7
Net Income/(expenditure)
Transferred from endowment for
distribution
6
Net Movement in Funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Expendable
Endowment
Funds
£
-
-
-
-
22,435.85
-
22,435.85
( 139,820.25)
( 162,256.10)
( 114,499.77)
( 276,755.87)
4,487,310.67
4,210,554.80		 Unrestricted
Income
Funds
£
83,573.08
1,136.77
0.42
84,710.27
-
199,210.04
199,210.04
-
( 114,499.77)
114,499.77
-
-
-		 2023
2022
Total
Total
£
£
83,573.08
87,772
1,136.77
823
0.42
-
84,710.27
88,595
22,435.85
24,616
199,210.04
190,472
221,645.89
215,088
( 139,820.25)
180,601
( 276,755.87)
54,108
-
-
( 276,755.87)
54,108
4,487,310.67
4,433,203
4,210,554.80
4,487,311

Page 6

Gordon Fraser Charitable Trust Dated 11 March 1966

Balance sheet

31 January 2023
Notes
Fixed assets
Listed investments at market value
7
Total fixed assets
Current assets
Income tax recoverable
8
Balance with Bank
Balance with investment managers
Current liabilities
Amount falling due within one year
9
Net current assets
Total net assets
The funds of the charity
Expendable endowment funds
Unrestricted income funds		 2023
2022
£
£
£
£
4,147,855.00
4,396,823
4,147,855.00
4,396,823
1,136.77
823
41,972.81
53,050
24,255.22
41,115
67,364.80
94,988
4,665.00
4,500
4,665.00
4,500
62,699.80
90,488
4,210,554.80
4,487,311
4,210,554.80
4,487,311
-
-
4,210,554.80
4,487,311

Approved by the trustees on ............................... and signed on their behalf by ............................................... (Trustee).

Page 7

Gordon Fraser Charitable Trust Dated 11 March 1966

Notes to the Accounts

for the year ended 31 January 2023

1. Accounting policies

a) Basis of preparation

The Charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have therefore necessarily departed from the extant Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Statement of Recommended Practice: Accounting and Reporting by Charities effective from 1 April 2005, which has since been withdrawn.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts. They have also considered the effects of market volatility in recent years and are happy that the invesments remain appropriate. If the income becomes depleted in the coming year, the trustees will consider reducing their grants accordingly.

b) Funds Structure

The endowment funds represent the original capital gift to the charity, plus subsequent additions to the endowment, less amounts which have been transferred to the unrestricted funds for distribution. The trustees are entitled to use the endowment in furtherance of the general objectives of the charity at their discretion, and they transfer funds from the endowment to the unrestricted funds as required.

Unrestricted funds represent the income arising from the endowment, and the trustees aim to expend the income for charitable purposes within a reasonable period of receipt.

c) Income recognition

All income is recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of income can be measured with sufficient reliability.

Dividend income and interest from investment managers are received gross and shown gross.

Page 8

Gordon Fraser Charitable Trust Dated 11 March 1966

Notes to the Accounts

for the year ended 31 January 2023

d) Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.

The trustees do not employ fundraisers and therefore the only cost of generating funds are the fees payable to the fund managers for the management and holding of the investments which produce the bulk of the charity's income.

The administration costs are split into two categories (see note 5).

The assessor's expenses relate to payments made for assistance the trustees received in sorting out appeal letters prior to their meetings.

During the year, the grants were paid in April, September, November and January to third parties in the furtherance of the charitable objectives of the Trust and included on a payment basis.

No remuneration has been paid to the trustees and they have not incurred any expenses during the year.

No staff are employed by the charity but the trustees pay fees to an assessor which, together with expenses, are included in the governance costs shown in note 5.

e) Charitable activities

Costs of charitable activities include grants made, governance costs and administration costs in the pursuit of the charitable objects of the Trust.

f) Cash at bank

Cash at bank is held to meet the day to day running costs of the charity as they fall due.

g) Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts offered.

h) Creditors

Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt.

i) Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

Page 9

Gordon Fraser Charitable Trust Dated 11 March 1966

Notes to the Accounts

for the year ended 31 January 2023

j) Realised gains and losses

Realised gains represent the profit by comparing the net proceeds of sale of investment with the market value of that investment as at 31 January 2022 or subsequent cost.

Unrealised gains represent the difference in market value at 31 January 2023 as compared

with the market value at 31 January 2022 or subsequent cost.

2. Related party transactions and trustees’ expenses and remuneration

The charity’s trustees give their time freely and receive no remuneration for the work that they undertake as trustees. However, they can claim expenses to reimburse them for costs that they incur in fulfilling their duties. During the year the trustees' remuneration and re-imbursed costs were £nil (2022: £nil). There were no related party transactions in the year (2022 : £nil)

3. Investment income

3. Investment income
Dividends
Deposit interest

4. Cost of raising funds
Investment management costs
Investment management charges		 2023
£
83,550.85
22.23
83,573.08

2023
£
22,435.85		 2022
£
87,768
4
87,772
2022
£
24,616

The investment management costs are all attributable to the endowment funds.

5. Charitable activities

Charitable activities
Charitable activities
The breakdown of charitable activities is as follow:
Grants - see pages 13, 14 and 15		 2023
2022
£
£
199,210.04
190,472
2023
2022
£
£
165,000.00
160,000

The charity undertakes its charitable activities through grant making and awarded grants to 99 institutions of various categories in furtherance of its charitable activities.

Analysis of charitable expenditure :

Governance costs
Unrestricted income funds
Accountant's charges
Independent examination fees
Assessor's fees and expenses
Bank charges		 2023
£
10,950.00
2,100.00
20,698.92
13.00
33,761.92		 2022
£
8,700
1,800
19,622
11
30,133

Page 10

Gordon Fraser Charitable Trust Dated 11 March 1966

Notes to the Accounts

for the year ended 31 January 2023

5. Charitable activities continued
Administration costs
Website charges
Stationery costs
Total Charitable activities		 2023
£
391.80
56.32
448.12
199,210.04		 2022
£
339
-
339
190,472

6. Transfers between funds

The trustees have transferred £114,499.77 (2022 : £101,877) from the expendable endowment to cover the deficit, which they have agreed in accordance with the Charity's policy.

7. Fixed asset investments
Market value at 31 January 2022
Additions
Disposals
Net realised and unrealised investment gains/(losses)
Market value at 31 January 2023
Historical cost at 31 January 2023
8. Income tax recoverable
Balance at 1 February 2022
Received during the year
Tax recoverable on investment income
9. Liabilities: Amount falling due within one year
Accountancy fees
Secretarial fees
10. Control		 2023
£
4,396,823.00
565,466.42
( 674,614.17)
( 139,820.25)
4,147,855.00
3,610,972
2023
£
823.18
( 823.18)
-
1,136.77
1,136.77
2023
£
4,650.00
15.00
4,665.00		 2022
£
4,252,164
1,282,939
( 1,318,881)
180,601
4,396,823
3,609,694
2022
£
508
( 508)
-
823
823
2022
£
4,500
-
4,500

The trust is controlled by the trustees.

11. Analysis of net assets between funds
Expendable Endowment Funds
Unrestricted Funds		 Fixed
Assets
4,147,855.00
62,499.80
4,210,354.80		 2023
Net Current
Assets
£
-
-
-		 2022
Total
Total
£
£
4,147,855.00
4,396,823
62,499.80
90,488
4,210,354.80
4,487,311

Page 11

Gordon Fraser Charitable Trust Dated 11 March 1966

Notes to the Accounts

for the year ended 31 January 2023

12. Comparative fund split

Notes
Income and endowments from
Investment income
3
Tax recoverable on investment income
8
Tax repayment supplement
Total income and endowments
Expenditure on
Costs of raising funds
Investment management costs
4
Charitable activities
5
Total expenditure
Net gains/(losses) on investments
7
Net Income/(expenditure)
Transferred from endowment for
distribution
Net Movement in Funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Expendable
Unrestricted
Endowment
Income
Funds
Funds
2022
2022
£
£
-
87,772
-
824
-
-
-
88,596
24,618
-
-
190,472
24,618
190,472
180,602
-
155,984
( 101,876)
( 101,876)
101,876
54,108
-
4,433,203
-
4,487,311
-		 Total
Funds
2022
£
87,772
824
-
88,596
24,618
190,472
215,090
180,602
54,108
-
54,108
4,433,203
4,487,311

Page 12

Gordon Fraser Charitable Trust Dated 11 March 1966

Charitable Donations

for the year ended 31 January 2023

AFK
Age Scotland
Alloa Musical Players
Art in Healthcare
Artlink Central Limited
Athletics Trust Scotland
Ayrshire Cancer Support
Beatson Cancer Charity
Befriend a Child
Benedetti Foundation
Bethany Christian Trust
Birth Baby & Beyond
British Deaf Association
Butterfly Conservation Scotland
Callander Youth Project
Calum's Cabin
Camp & Trek
Care for Carers
Castletown Heritage Society
Change Mental Health
Chattersense
Cheviot Youth
Children's Classic Concerts
Clowns in the Sky
Comar
Curiosity Collective
DEC Pakistan Floods Appeal
Ecological Continuity Trust
Eden Young Carers Project
Edinburgh International Book Festival
Enable Scotland
Epic
Fife Cultural Trust
Fife Employment Access Trust
Firsthand Lothian
Friends of the Cromford Canal
Getting Better Together
Glasgow Life
Grampian Society for the Blind
Greenock Medical Aid Society
Haemachromatosis UK
Handicapped Children's Action Group
Hebridean Pursuits Outdoor Learning
Home-Start Aberdeen
Include Me 2 Club
InterAct Stroke Support
Jock Tamson's Gairden		 £
1,500.00
1,500.00
1,000.00
1,000.00
7,000.00
2,000.00
1,000.00
1,000.00
1,000.00
1,000.00
3,000.00
1,150.00
1,500.00
1,500.00
1,000.00
1,000.00
1,500.00
1,350.00
2,500.00
1,500.00
1,650.00
1,350.00
1,000.00
1,000.00
1,500.00
1,500.00
5,000.00
1,500.00
1,500.00
1,000.00
1,500.00
1,800.00
3,350.00
1,500.00
1,500.00
1,000.00
1,500.00
2,500.00
1,000.00
1,500.00
1,000.00
1,000.00
1,500.00
1,500.00
1,500.00
1,500.00
1,000.00
77,150.00

Page 13

Gordon Fraser Charitable Trust Dated 11 March 1966

Charitable Donations

for the year ended 31 January 2023

ble Donations
ar ended 31 January 2023
Brought forward
Kidney Kids Scotland
Kilmartin Museum & Co
Koestler Arts
Leighton Library Trust
Lennoc Children's Cancer Fund
Linda Tremble Foundation
London Wheelchair Rugby Club
Lyra
Mid Deeside Community Trust
Move On
Muscular Dystrophy Group of GB & NI
Music as Therapy
musicALL
Nurture Steps Ltd
Paisley Museum and Art Gallery
Perth Autism Support
Perth Festival of Arts
Place 2 Be
React
Reeltime Music
Re-engage
Reidvale Adventure Association Ltd
Rosemount Development Trust
Royal Scottish National Orchestra
SANE
Scottish Autism
Scottish Chamber Orchestra
Scottish Families Affected by Alcohol and Drugs
Scottish Jewish Archives Centre
Scottish Opera
Seamab Learning and Care Services
Shift MS
Sistema Scotland
Sound Waves
St Andrews Hospice
St Vincent's Hospice
The Childrens Wood
The Edinburgh International Festival Society
The Lilias Graham Trust
The National Youth Choir of Scotland
The Outward Bound Trust
The Prisoners of Conscience Appeal Fund		 £
77,150.00
1,000.00
1,000.00
2,000.00
2,500.00
1,500.00
1,000.00
1,000.00
1,000.00
1,000.00
1,500.00
1,000.00
3,000.00
1,000.00
1,500.00
1,000.00
1,500.00
1,000.00
1,500.00
1,100.00
1,000.00
1,500.00
1,000.00
1,650.00
4,500.00
1,000.00
1,500.00
2,000.00
1,500.00
2,000.00
4,000.00
1,000.00
1,000.00
4,000.00
1,500.00
500.00
1,500.00
1,500.00
3,500.00
1,500.00
4,000.00
1,850.00
2,500.00
149,250.00

Page 14

Gordon Fraser Charitable Trust Dated 11 March 1966

Charitable Donations

for the year ended 31 January 2023

ble Donations
ar ended 31 January 2023
Brought forward
The Samaritans
The Scottish Seabird Centre
The Social Bite Fund
Timespan
Toonspeak Young People's Theatre
Venture Trust
Waverly Care
Wonder Fools
YMCA Bellshill & Mossend
Young Lives vs Cancer		 £
149,250.00
2,000.00
1,500.00
1,500.00
1,500.00
1,500.00
1,000.00
2,500.00
1,500.00
2,000.00
750.00
165,000.00
Summary of grants made in the year
1. Health (28)
2. Education (8)
3. Youth Work (15)
4. Religion (1)
5. Relief of Poverty (6)
6. Animal Welfare (3)
7. Arts/theatre (22)
8. Other (16)		 £
37,650.00
9,850.00
19,700.00
2,000.00
10,600.00
4,500.00
51,850.00
28,850.00
165,000.00

Page 15

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Ashtead Group plc
10p ordinary shares
01/03/2022 Purchase
09/09/2022 Dividend - paid gross
Allianz Global Investors UK
Strategic Bond I Dis
03/05/2022 Interest - paid gross
31/10/2022 Interest - paid gross
Allianz PIMCO
Gilt Yield C Inc Nav
30/04/2022 Equalisation payment
03/05/2022 Interest - paid gross
31/10/2022 Interest - paid gross		 Holding Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
474
474
112,576.53000
112,576.53000
46,744.2921
46,744.2921		 22,993.34
22,993.34
127,535.73
127,535.73
82,689.21
(57.52)
82,631.69		 22,993.34
22,993.34
0.00
(57.52)
(57.52)		 0.00
0.00
0.00		 271.50
271.50
739.06
3,393.16		 271.50
271.50
4,132.22
222.41
535.82
758.23

Page 16

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Artemis Fund Managers
US Select Fund Instl GBP Inc
31/08/2022 Sale
Assura Plc
Ordinary GBP0.10
13/04/2022 Ord Stock Div - Cash
13/07/2022 Ord Stock Div - Cash
12/10/2022 Ord Stock Div - Cash
11/01/2023 Ord Stock Div - Cash
AstraZeneca plc
US$0.25 ordinary shares
28/03/2022 Dividend - paid gross
12/09/2022 Dividend - paid gross
Auto Trader Group Plc
Ordinary GBP1.50
23/09/2022 Dividend - paid gross
27/01/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
40,615.00000
(40,615.00000)
0.00000
115,255
115,255
470
470
4,913
4,913		 88,699.99
(88,699.99)
0.00
63,385.71
63,385.71
42,225.16
42,225.16
23,057.05
23,057.05		 (109,969.79)
(109,969.79)
0.00
0.00
0.00		 21,269.80
21,269.80
0.00
0.00
0.00		 0
64,255
49,773
30,805		 0.00
682.31
719.19
719.19
898.98
0.00
3,019.67
682.91
359.08
1,041.99
270.21
137.56
407.77

Page 17

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Baillie Gifford & Co
Japanese Fd "B" income shares
04/07/2022 Dividend - paid gross
BP plc
US$0.25 ordinary shares
25/03/2022 Dividend - paid gross
24/06/2022 Dividend - paid gross
23/09/2022 Dividend - paid gross
16/12/2022 Dividend - paid gross
Baillie Gifford
Corporate Bond B Nav Inc
25/02/2022 Interest - paid gross
30/03/2022 Interest - paid gross
04/05/2022 Interest - paid gross
30/05/2022 Interest - paid gross
29/06/2022 Interest - paid gross
28/07/2022 Interest - paid gross
30/08/2022 Interest - paid gross
29/09/2022 Interest - paid gross
28/10/2022 Interest - paid gross
29/11/2022 Interest - paid gross
29/12/2022 Interest - paid gross
30/01/2023 Interest - paid gross		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£
6,358.31
6,358.31
10,000
10,000
70,090.00000
70,090.00000		 69,402.45
69,402.45
48,500.51
48,500.51
64,112.16
64,112.16		 0.00
0.00
0.00		 0.00
0.00
0.00		 100,334
48,885
52,750		 1,439.52
1,439.52
415.95
435.56
516.84
494.02
1,862.37
140.18
140.18
140.18
140.18
140.18
140.18
140.18
140.18
518.66
140.18
140.18
147.18
2,067.64

Page 18

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Balfour Beatty plc
50p ordinary shares
06/07/2022 Dividend - paid gross
05/12/2022 Dividend - paid gross
Barclays Bank Plc
Idx/lkd Snr Nts 04/01/2028 GBP1
Blackrock Fund Managers Ltd
European Dynamic Fd Inc
Blackrock Fund Managers Ltd
Bfm Emerging Markets S GBP Acc
29/04/2022 Cost write up - acc unit
29/04/2022 Dividend - accumulation unit		 Holding Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£
11,957
11,957
46,300.00
46,300.00
30,712.99200
30,712.99200
103,993.40000
103,993.40000		 29,195.19
29,195.19
46,341.00
46,341.00
25,469.28
25,469.28
109,671.79
1,245.36
110,917.15		 0.00
0.00
0.00
1,245.36
1,245.36		 0.00
0.00
0.00
0.00		 717.42
418.49
1,135.91
0.00
0.00
1,245.36
0.00
0.00
1,245.36

Page 19

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Brown Advisory Funds
Global Leaders B GBP Dis
14/11/2022 Dividend - paid gross
Cranswick plc
10p ordinary shares
02/09/2022 Ord Stock Div - Cash
27/01/2023 Ord Stock Div - Cash
CRH plc
EUR 0.32 ordinary shares
07/02/2022 Sale
01/06/2022 Dividend - paid gross
07/10/2022 Dividend - paid gross
Cairn Homes Plc
Ordinary EUR0.001
19/05/2022 Dividend - paid gross
07/10/2022 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
5,851.00000
5,851.00000
1,355
1,355
1,851
(900)
951
23,515
23,515		 89,501.79
89,501.79
44,025.83
44,025.83
53,563.96
(26,044.06)
27,519.90
26,679.47
26,679.47		 0.00
0.00
(33,635.37)
(33,635.37)
0.00		 0.00
0.00
7,591.31
7,591.31
0.00		 94,377
43,116
35,700
20,232		 109.99
109.99
753.38
279.13
1,032.51
551.95
154.23
706.18
417.26
464.73
881.99

Page 20

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Compass Group Plc
Ordinary GBP0.1105
07/02/2022 Sale
28/02/2022 Dividend - paid gross
28/07/2022 Dividend - paid gross
Computacenter
Ordinary GBP0.075555
08/07/2022 Dividend - paid gross
28/10/2022 Dividend - paid gross
Countryside Partnerships Plc
Ordinary GBP0.01
02/02/2022 Sale
Dcc
Ordinary EUR0.25
21/07/2022 Dividend - paid gross
09/12/2022 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
2,668
(1,108)
1,560
1,280
1,280
9,233
(9,233)
0
426
426		 9,084.11
(3,772.56)
5,311.55
35,522.23
35,522.23
26,933.42
(26,933.42)
0.00
25,621.50
25,621.50		 (19,067.31)
(19,067.31)
0.00
(27,897.43)
(27,897.43)
0.00		 15,294.75
15,294.75
0.00
964.01
964.01
0.00		 30,124
28,390
0
19,152		 373.52
146.64
520.16
632.32
282.88
915.20
0.00
383.18
191.83
0.00
575.01

Page 21

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Holding
Book Value
£
Etfs Metal Securities Ltd
Etfs Physical Gold (Gbp)
200
16,496.41
200
16,496.41
Experian Plc
Ordinary USD0.10
1,432
34,696.36
07/02/2022 Dividend - paid gross
22/07/2022 Dividend - paid gross
1,432
34,696.36
Ferguson Plc
Ordinary GBP0.10
448
11,421.49
07/02/2022 Sale
(169)
(4,308.55)
09/05/2022 Dividend - paid gross
08/12/2022 Dividend - paid gross
279
7,112.94
Findlay Park Funds Icav
American GBP Unhgd Dis
Changed from Findlay Park Funds Plc American Sterling GBP Uhdg on 18/07/2022
1,435.00000
54,665.28
16/11/2022 Sale
(449.02200)
(17,105.17)
985.97800
37,560.11		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
16,496.41
16,496.41
34,696.36
34,696.36
11,421.49
(4,308.55)
7,112.94
54,665.28
(17,105.17)
37,560.11		 0.00
0.00
(18,972.99)
(18,972.99)
(60,380.40)
(60,380.40)		 0.00
0.00
14,664.44
14,664.44
43,275.23
43,275.23		 0.00
167.44
426.03
0.00
593.47
179.84
446.40
626.24
0.00

Page 22

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Future Plc
Ordinary GBP0.15
09/02/2022 Dividend - paid gross
GSK Plc
Ord 0.3125
19/07/2022 Conversion in
06/10/2022 Dividend - paid gross
12/01/2023 Dividend - paid gross
Gemcap Investment Funds Ireland Plc
Ahfm Defined Returns B GBP Acc
Greencoat UK Wind Plc
Ordinary GBP0.01
25/02/2022 Dividend - paid gross
27/05/2022 Dividend - paid gross
26/08/2022 Dividend - paid gross
25/11/2022 Dividend - paid gross		 Holding Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
1,397
1,397
2,217
2,217
141,903.0000
141,903.0000
35,000
35,000		 33,551.10
33,551.10
16,957.12
16,957.12
228,166.07
228,166.07
47,711.00
47,711.00		 0.00
16,957.12
16,957.12
0.00
0.00		 0.00
0.00
0.00
0.00		 39.12
39.12
360.26
304.83		 39.12
39.12
665.09
0.00
628.25
675.50
675.50
675.50
0.00
2,654.75

Page 23

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Gsk Plc
Ordinary GBP0.25
Changed from GlaxoSmithKline plc 25p ordinary shares on 19/05/2022
07/04/2022 Dividend - paid gross
05/05/2022 Sale
01/07/2022 Dividend - paid gross
18/07/2022 Sale of fraction
18/07/2022 Cost reduced (partial trf out)
19/07/2022 Conversion out of SEDOL
Guinness Asset Management
Global Equity Inc GBP Z
29/07/2022 Dividend - paid gross
31/01/2023 Dividend - paid gross
Haleon Plc
Ord GBP0.01
18/07/2022 Conversion in
31/08/2022 Sale		 Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
3,972
(1,200)
(2,772)
0
5,685.00000
5,685.00000
2,772
(2,772)
0		 28,643.72
(8,653.69)
(10.52)
(3,022.39)
(16,957.12)
0.00
137,581.75
137,581.75
3,022.39
(3,022.39)
0.00		 (21,228.20)
(10.52)
(3,022.39)
(16,957.12)
(41,218.23)
0.00
3,022.39
(7,044.70)
(4,022.31)		 12,574.51
12,574.51
0.00
4,022.31
4,022.31		 0
147,649
0		 913.56
388.08
1,301.64
1,939.15
1,416.70
3,355.85
0.00

Page 24

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Hicl Infrastructure Plc
Ordinary GBP0.0001
01/04/2022 Interest - paid gross
04/04/2022 Dividend - paid gross
05/05/2022 Sale
Hipgnosis Songs Fund Ltd
Ordinary No Par Value
15/03/2022 Dividend - paid gross
15/06/2022 Dividend - paid gross
28/10/2022 Dividend - paid gross
31/01/2023 Dividend - paid gross
Impax Funds(Ireland)
Environmental Mkts(Ire) X GBP
International Public Prtnshp Ltd
Ordinary GBP0.0001
13/06/2022 Ord Stock Div - Cash
18/11/2022 Dividend - paid gross		 Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
39,103
(39,103)
0
57,289
57,289
55,189.00000
55,189.00000
39,698
39,698		 67,516.19
(67,516.19)
0.00
69,360.69
69,360.69
134,921.92
134,921.92
50,219.01
50,219.01		 (68,076.43)
(68,076.43)
0.00
0.00
0.00		 560.24
560.24
0.00
0.00
0.00		 555.81
249.71
805.52
751.91
751.91
751.91
751.91
3,007.64
0.00
1,496.61
1,536.31
0.00
3,032.92

Page 25

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Ishares Physical Metals Plc
I Shares Physical Gold Etc GBP
Legal & General (Unit Trust Mngrs)
Multi Asset Target Return I GBP Dis
14/03/2022 Interest - paid gross
14/06/2022 Interest - paid gross
14/09/2022 Interest - paid gross
14/12/2022 Interest - paid gross
Legal & General Investment Mgmt
Global Health & Pharma Idx Tst C Gbp Acc
07/03/2022 Dividend - accumulation unit
07/03/2022 Cost write up - acc unit		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£
3,410.00000
3,410.00000
178,310.03600
178,310.03600
105,000.00000
105,000.00000		 71,976.40
71,976.40
83,841.30
83,841.30
66,557.50
279.74
66,837.24		 0.00
0.00
279.74
279.74		 0.00
0.00
0.00		 104,005
85,910
77,858		 0.00
522.98
351.26
116.04
537.01
0.00
1,527.29
279.74
279.74

Page 26

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Lloyds Banking Group
Ordinary GBP0.10
19/05/2022 Dividend - paid gross
12/09/2022 Dividend - paid gross
London Stock Exchange
Ordinary 6 79/86p shares
25/05/2022 Dividend - paid gross
20/09/2022 Dividend - paid gross
Lxi Reit Plc
Ordinary GBP0.01
25/03/2022 Dividend - paid gross
24/06/2022 Dividend - paid gross
18/11/2022 Dividend - paid gross
04/01/2023 Dividend - paid gross
M&g Prudential Plc
Ordinary GBP0.05
07/02/2022 Sale		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
78,321
78,321
780
780
49,320
49,320
11,640
(11,640)
0		 55,995.00
55,995.00
54,158.00
54,158.00
67,679.99
67,679.99
25,389.41
(25,389.41)
0.00		 0.00
0.00
0.00
(24,969.82)
(24,969.82)		 0.00
0.00
0.00
(419.59)
(419.59)		 41,181
57,767
55,534
0		 1,041.67
626.56
1,668.23
546.00
247.26
793.26
591.84
591.84
621.44
621.44
2,426.56
0.00

Page 27

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Maitland Institutional Services Ltd
Mi Twentyfour Am Dynamic Bd I Gr Shs Inc
28/02/2022 Interest - paid gross
31/05/2022 Interest - paid gross
31/08/2022 Interest - paid gross
15/11/2022 Interest - paid gross
16/11/2022 Sale
Monks Investment Trust plc
5p ordinary shares
07/02/2022 Purchase
09/09/2022 Dividend - paid gross
Phoenix Group Holdings Plc
Ordinary GBP0.10
07/02/2022 Sale
09/05/2022 Dividend - paid gross
12/09/2022 Dividend - paid gross		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
910.18880
101,106.47
(910.18880)
(101,106.47)
0.00000
0.00
7,534
86,098.05
7,534
86,098.05
7,884
54,507.24
(3,800)
(26,271.88)
4,084
28,235.36		 (83,043.60)
(83,043.60)
86,098.05
86,098.05
(24,996.99)
(24,996.99)		 (18,062.87)
(18,062.87)
0.00
(1,274.89)
(1,274.89)		 0
76,545
26,170		 1,016.81
987.94
1,126.21
1,257.23
4,388.19
177.04
177.04
1,012.83
1,012.83		 177.04
177.04
2,025.66

Page 28

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Polar Capital Funds
Gbl Tech Fd Cls'i'stg Shs Cls
Polar Capital Funds Plc
Global Convertible Portf S GBP Dis Hgd
29/04/2022 Dividend - paid gross
29/07/2022 Dividend - paid gross
28/10/2022 Dividend - paid gross
22/12/2022 Conversion out of SEDOL
Polar Capital Funds Plc
Global Convertible Ptf Ccy Y Gbp Hgd Dis
22/12/2022 Conversion in
31/01/2023 Dividend - paid gross
Prudential plc
5p ordinary shares
17/05/2022 Dividend - paid gross
27/09/2022 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
1,730.00000
1,730.00000
8,575.00000
(8,575.00000)
0.00000
7,976.09300
7,976.09300
1,544
1,544		 19,258.74
19,258.74
77,472.25
(77,472.25)
0.00
77,472.25
77,472.25
12,563.94
12,563.94		 0.00
(77,472.25)
(77,472.25)
77,472.25
77,472.25
0.00		 0.00
0.00
0.00
0.00		 90,981
0
79,920
20,682		 0.00
937.24
886.65
950.11
0.00
2,774.00
1,225.12
1,225.12
145.75
76.89
222.64

Page 29

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Rentokil Initial
Ordinary GBP0.01
18/05/2022 Dividend - paid gross
12/09/2022 Dividend - paid gross
Relx Plc
GBP0.1444
07/02/2022 Sale
07/06/2022 Dividend - paid gross
08/09/2022 Dividend - paid gross
Rio Tinto plc
10p ordinary shares
21/04/2022 Dividend - paid gross
22/09/2022 Dividend - paid gross
Royal Dutch Shell plc
EUR 0.07 'B' ordinary shares
01/02/2022 Conversion out of SEDOL		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
7,185
7,185
3,437
(1,000)
2,437
939
939
1,772
(1,772)
0		 17,076.93
17,076.93
55,397.25
(16,117.91)
39,279.34
31,011.65
31,011.65
24,246.72
(24,246.72)
0.00		 0.00
(22,801.00)
(22,801.00)
0.00
(24,246.72)
(24,246.72)		 0.00
6,683.09
6,683.09
0.00
0.00		 35,257
58,537
59,335
0		 308.95
172.44
481.39
865.13
382.60
1,247.73
3,308.28
2,081.10
5,389.38
0.00

Page 30

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Royal London Asset Management
Sterling Credit Instl A Inc Nav
07/04/2022 Interest - paid gross
30/06/2022 Interest - paid gross
30/09/2022 Interest - paid gross
18/11/2022 Purchase
30/12/2022 Interest - paid gross
Smith (D S) plc
10p ordinary shares
03/05/2022 Dividend - paid gross
05/05/2022 Sale
01/11/2022 Dividend - paid gross
31/01/2023 Dividend - paid gross
Schroders International Selection
Asian Total Return GBP C Inc Nav
05/05/2022 Purchase
28/12/2022 Dividend - paid gross		 Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
47,952.00000
35,989.69460
83,941.69460
16,304
(9,261)
7,043
272.00000
105.00000
377.00000		 68,210.06
41,284.19
109,494.25
48,480.57
(27,537.94)
20,942.63
98,641.29
44,345.24
142,986.53		 41,284.19
41,284.19
(30,821.14)
(30,821.14)
44,345.24
44,345.24		 0.00
3,283.20
3,283.20
0.00		 100,058
24,897
156,440		 600.07
593.98
620.73
642.03
2,456.81
782.59
718.38
422.58
1,923.55
4,374.22
4,374.22

Page 31

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Shell Plc
Ordinary EUR0.07
01/02/2022 Conversion in
29/03/2022 Dividend - paid gross
28/06/2022 Dividend - paid gross
20/09/2022 Dividend - paid gross
19/12/2022 Dividend - paid gross
Skyline Umbrella Fund
Eagle Cap US Eqty Eagle Founder USD Acc
06/09/2022 Purchase
Smith & Nephew plc
US$0.2 ordinary shares
11/05/2022 Dividend - paid gross
26/10/2022 Dividend - paid gross
T Rowe Price (Lux) Mgt Sarl
Global Value Equity Qd GBP Dis
07/02/2022 Purchase
06/04/2022 Dividend - paid gross
08/07/2022 Dividend - paid gross		 Holding
Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
1,772
24,246.72
1,772
24,246.72
713.41000
85,352.42
713.41000
85,352.42
3,177
55,520.02
3,177
55,520.02
12,184.00000
141,618.08
5,000.00000
57,040.00		 24,246.72
24,246.72
85,352.42
85,352.42
0.00
57,040.00		 0.00
0.00
0.00		 42,067
87,225
35,408		 323.92
354.57
382.22
365.20
1,425.91
0.00
584.56
410.15
994.71
262.50
1,024.57		 0.00
584.56
410.15
0.00
994.71

Page 32

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

T Rowe Price (Lux) Mgt Sarl
Global Value Equity Qd GBP Dis
06/10/2022 Dividend - paid gross
05/01/2023 Dividend - paid gross
United Kingdom(Government Of)
0.125% Bds 31/01/2028 GBP1000
06/05/2022 Purchase
31/07/2022 Interest - paid gross
21/11/2022 Purchase
31/01/2023 Interest - paid gross
Vanguard Investment Series
S&p 500 Etf Inc Nav
04/04/2022 Dividend - paid gross
05/07/2022 Dividend - paid gross
28/09/2022 Dividend - paid gross
28/12/2022 Dividend - paid gross		 Holding Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
17,184.00000
47,000.00
73,070.00
120,070.00
3,004.00000
3,004.00000		 198,658.08
43,052.44
62,134.68
105,187.12
100,083.89
100,083.89		 0.00
0.00
0.00		 206,208
102,948
184,839		 421.05
405.82
2,113.94
29.37
75.04
104.41
589.06
631.54
728.76
645.28
2,594.64

Page 33

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Vontobel Asset Management Sa
Twentyfour Gbl Unconatrained Bd Aqng Gbp
04/04/2022 Interest - paid gross
06/07/2022 Interest - paid gross
30/09/2022 Interest - paid gross
02/12/2022 Interest - paid gross
30/12/2022 Interest - paid gross
Vontobel Asset Management Sa
Twentyfour Abst Return Credit Aqg GBP
07/04/2022 Interest - paid gross
06/07/2022 Interest - paid gross
30/09/2022 Interest - paid gross
30/12/2022 Interest - paid gross
Waverton Investment Management Ltd
European Capital Growth S GBP Dis
10/06/2022 Dividend - paid gross		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£		 Holding
Book Value
Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
31/01/2023
£
£
£
£
£
432.00000
432.00000
895.54000
895.54000
5,578.00000
5,578.00000		 45,978.88
45,978.88
92,315.41
92,315.41
58,539.59
58,539.59		 0.00
0.00
0.00		 0.00
0.00
0.00		 39,321
86,384
76,909		 388.80
457.92
501.12
4.32
531.36
1,883.52
304.48
295.52
483.59
501.50
1,585.09
797.71
797.71

Page 34

Gordon Fraser Charitable Trust

Schedule of Investments and Income

Year ended 31st January 2023

Weir Group plc 12.5p ordinary shares 06/06/2022 Dividend - paid gross 04/11/2022 Dividend - paid gross

TOTAL:

Holding Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
31/01/2023
£
£
£
1,801 221.52
243.13
1,801 464.65
83,550.85

Page 35