2021-04-05-accounts

REFERENCE AND ADMINISTRATION DETAILS	REFERENCE AND ADMINISTRATION DETAILS
Charity Registration Number:	262355
Principal Office:	Rathbones Trust Company,	8 Finsbury		Circus, London, EC2M 7AZ
Trustees who served during	Mr C E BGarland			(Appointed 17February 2021)
the period and on the date	Mr W J BGarland			(Appointed 17February 2021)
the Report was approved:	Nigel Guy De Laval Harvie			(Removed due to inability to act		17February 2021)
	Lloyds Banking Group			(Retired 17February 2021)
Accountants:	Rathbones Trust Company,	8 Finsbury		Circus, London, EC2M 7AZ
Independent Examiner:	Mrs Kerry Roberts, C/o Port	of Liverpool Building, Pier Head, Liverpool,				L3 1NW
Bankers:	Lloyds Bank pic, The Clock	House,	22-26 Ock Street, Abingdon, Oxfordshire,				OX14 5SW
Investment Managers:	Rathbones Investment Management		Ltd, 8 Finsbury Circus, London,		EC2M		7AZ
	(With effect from 29September 2021)

						Unrestricted	Expendable
						General	Endowment	Total	Total
						Funds	Funds	Funds	Funds
						2021	2021	2021	2020
							f
					Notes
Income and	Endowments			from:
Investments						34,091	0	34,091	45,339
Other Income						139	0	139	151
Total						34,230	0	34,230	45,490
Expenditure	on:
Charitable activities						24,546	0	24,546	75,350
Total						24,546	0	24,546	75,350
Net gains/(losses)			on investments				292,155	292,155	(263,718)
Net income/(expenditure)						9,684	292,155	301,839	(293,578)
Net movement		In	funds			9,684	292,155	301,839	@93,578)
Balance as at		6th	April 2020			51,784	1,042,231	1,094,015	1,387,593
Balance as at		5th	April 2021			61,468	1,334,386	1,395;854	1,094,015

			Unrestricted	Expendable
			General	Endowment	Total	Total
			Funds	Funds	Funds	Funds
			2021	2021	2021	2020
			F
		Notes
Fixed Assets
Investments			0	1,334,386	1,334,386	1,042,231
Total Fixed Assets			0	1,334,386	1,334,386	1,042,231
Current Assets
Debtors		10	22	0	22	0
Cash at bank and in	hand	1'l	64,746	0	64,746	51,784
Total Current Assets			64,768	0	64,768	51,784
Liabilities:
Creditors: Amounts	falling due
within one year			3,300	0	3,300
Net Current Assets			61,468	0	61,468	51,784
Total Net Assets as at 5th April 2021			61,468	1,334,386	1,395,854	1,094,015
Funds ofthe Charity		14
Total Funds as at 5th April 2021			61,468	1,334,386	1,395,854	1,094,015

3	Investments					2021	2020
						f
	UK Equities and Income - gross					31,834	45,339
	Overseas Income - gross					2,377	0
	REIT - gross					109	0
	Non-reclaimable Overseas		tax deducted		at source	(229)	0
						34,091	45,339
4	Other Income					2021	2020
	Bank Interest					139	151
						139	151
5	Charitable activities					2021	2020
	Grant making to institutions:
	Donations (note 6)					3,500	62,900
	Sundry office costs					0	324
	Governance costs (note 7)					21,046	12,126
						24,546	75,350
0	Charitable activities					2021	2020
	Grant making:
	Prince ofWales Lodge					2,100	0
	Irish Guards Chadity					500	0
	Dingwall Community	Development		Company		200	0
	National Army Development		Museum			200	0
	Lifeboat Service Memorial		Book Trust			200	0
	Lloyds Charities Fund					200	0
	Royal Trinity Hospice					100	0
	Other					0	62,900
						3,500	62,900

7	Governance	Costs		2021	2020
	Support and	Administration		12,766	12,048
	Accountancy	fee (inc VAT)		1,800	0
	Independent	Examination	fee (inc VAT)	1,500	0
	Legal fee			4,080	'7B
				21,046	'l2,126

		Value at	Acquisition	Gales	Realised	Unrealised	Value at
		06/04/2020	costs	proceeds	Gains/(Losses)	Gains/(Losses)	05l04l21
Listed:						F
UK Equities		672,366	0	5,496	928	188,200	855,998
Overseas	Equities	291,859	1,309	0	0	103,026	396,194
Cash		78,006					82,194
		1,042,231	1,309	5,496	928	291,227	1,334,386

Investments representing more than 5	%ofthe portfolio's total m
AstraZeneca	5.72
Diageo	6.96
Fidelity	8.27
Gartm ore	6.42
Mellon	5.10
Next	7.13
Rio Tinto	5.91
Royal Dutch Shell	5.40

10	Current assets						2021	2020
	Debtors
	Tax reclaimable						22	0
							22
11	Cash at bank and in hand						2021	2020
	Cash at bank						64,746	51,784
							64,746	51,784
12	Liabilities:						2021	2020
	Amounts falling	due within one			year:
	Accruals						3,300	0
							3,300
13	Financial Instruments						2021	2020
	Carrying amount offinancial				assets
	Debt instruments receivable			within one year
	—Cash						64,746	51,784
							64,746	51,784
	Carrying amount offinancial				liabilities
	Payable within	one year
	-Creditors	and Accruals					3,300
	Instruments measured		at	fair	value through	SOFA
	Investments at	value and	cash		held for investment		1,334,386	'l,042,231

14	Movements	between	funds
				Balance at	'			Gains I	Balance at
				05/04/20 f		Income	Expenditure	(Losses)f	05I04/21
	Endowment
	Investments			1,042,231		0	0	292,155	1,334,386
	Unrestricted	funds:
	General funds			51,784		34,230	(24,546)		61,468
	Total funds			1,094,015		34,230	(24,546)	292,155	1,395,854

16	Comparative	Statement	Statement	ofFinancial Activities	Unrestricted	Expendable
					General	Endowment	Total
					Funds	Funds	I-'unds
					2020f	2020f	2020f
	Income and	Endowments		from:
	Investments				45,339		45,339
	Other Income				151		151
					45,490		45,490
	Total
	Expenditure	on:
	Charitable aclivllies				75350		75,350
	Total				75,350		75,350
	Net gains/(losses)		on investments			(263,718)	(263,718)
	Net movement in		funds		(29,860)	(263,718)	(293,578)
	Balance brought forward				81,644	1,305,949	1,387,593
	Balance as at 5th		April 2020		51,784	1,042,231	1,094,015