Charity Registration No. 263241 B-CH 1971 CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 B¢H 1971 CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Seltlor.. Mrs He8lher Holman (died 9 March 2013} Governlng Instrument: Trust Deed dated 8 October 1971 Trustees: Miss Janice Meryan Holman Edward Nicholas Reed Charity Address: Macfarlanes LLP 20 Cursilor Street London EC4A 1LT Charity Registration Number: 263241 Solicitors- Ma¢farlanes LLP 20 Cursilor Street London EC4A 1 LT Independent Examiner- Emily Smf(h ACA HLJmphrey & Co Chartered Accountants 7 - 9 The AvenLJe Easlbourne East Sussex BN213YA Investment Managers: Inveslec Wealth & Investment 30 Gresham Street London EC2V 7QN B¢H 1971 CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 Aprll 2023 The trustees present their Report and Accounts for the year ended 5 April 2023. The Accounts have been prepared in accordan¢e with the accounting policies sel out in Note 110 the Accounts and comply with the charitls Trust Deed. the Charities Act 2011 and "Accounting and Reporting by Charilie8'. Statement of Recommended Practice applicable lo charities preparing their Accounts in 8ccordance with the Financial Reporting Standard leffective 1 January 20191" Oblectlves and Actlvlties for the Public Benefit The objects of the Trust allow the Iruslees discretion lo apply the income and Capital of the Trust Fund for such charilakile puiposes as they from lime lo lime decido. The Iruslees confirm that they have referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing the Trusvs aims and objectives and in planning future activities and selling the donalK)ns policy for the year. The Trust cariies out these objects by making donations lo various registered charities involved with children's and medical charities especially relating lo Cornwall and Devon. The trustees have kept the level of grants made al a similar level lo those made in 2022. In addition the trustees are working lo idenlfy longer term proje￿$ that they could potentially make a commitment to. Achlevemgnts and Performance Donations lolalling £38,00012022 £36.0001 were made during the year al the discret￿n of the trustees and in keeping with the aim to favour children's and medical charities especially relating to Cornwall and Devon. Details of the donations a￿ shown in Note 1110 the Accounts. Financial Review At the year end the total fund was valued al £1,194,841.35 in comparison lo £1,291,142.66 as at 5 April 2022. The Iruslees have considered the major risks to which the charity is exposed and have established systems and procedures to manage those risks. Investment performance is monitored regularly by the trustees includlng vla presentations by the investment managers. The Iruslees consider that the spread of risk wthin the investment portfolio is well placed lo weather the current financial uncertainties. The Irusleos, with the aid of their investment advisers, maintain a regular review over the major slralegic, investment and operational risks that the Charity faces in order that, wherever possible, such risks can be identified and accordingly steps taken lo lessen these risks. B£H 1971 CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 Aprll 2023 11 remains the aim of the Iruslees lo distribute annually the lotsl income of the charity after payment of the management and administration costs. In doing so the Iruslees aim to maintain a balance between investments for capital growth and income generation, and lo maintain cash funds sufficient to fund anticipated charitable donalK)ns over the coming year. The Charity's reserves are primarily investments which are hekl to generate income and capital growth, which provide funds lo make grants in accordance wlh the Charity's objectives. Free cash reserves total £70,412 al the year end and the Iruslees Consider that the level of reserves is appropiiale lo meet current activitie5. Further reserves can be mel with the liquidation of a proportion of investments if required. The B-CH 1971 Chari18ble Trust is a general Charitable Trust governed by a Trust Deed dated 8 October 1971 and is a registered Charity number 263241. The trustees who seNed during the year were.. Miss Janice Meryan Holman Edward Nicholas Reed Under the terms of the Trust Deed the power of appointing new Iruslees is vested in the surviving or continuing Iruslees. Trustees are sele¢led having regard lo both their general experience and their knowledge and experience of the objects of the Irusl. The trustees, solicitors Macfarlanes, provide professional Iruslee services and are able lo offer advice to new trustees for training purposes concerning the dulios of a Iruslee. All Iruslees give their lime freely and they did not receive any ￿MUneratIon. benefits or expenses from the charity during the year. Trustees are required lo disclose all relevant interests and to withdraw from decisions wheie a conflict of interest arises. Inveslec Wealth & Investment are the Trust's investment adviser whose brief is to advise and manage an investment portfolio on a discretionary basis. Investments held al 5 April 2023 were acquired in accordance with the powers of the trustees. The inveslmenl strategy is sel by the trustees and in doing so the tiuslees have regard lo the income requirements, the risk profile and their investment manager's view of market prospects in the medium term. The trustees have rèmewèd the Impact of the Covid-19 pandemic and al the most recently available valuation dale,118 May 20231, the market value of shares still owned stood al £1,130.266. The Iruslees continue lo monitor the effects of the pandemic close￿. As such. the trustees do not consider the pandemic lo have had a significant impact on the charity's ability lo fulfil ils charitable object1ves. -CH 1971 CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 April 2023 Statement of Trustees. Responsibilities The Iruslees are responsible for preparing the Trustees. Report and the Accounts in accordance with applicable law and United Kingdom Aecounling Standards Iuniled Kingdom Generally Accepted Accountancy Praclicel. The Law applicable lo charities in England and Wales requires the trustees lo prepare Accounts for each financial year which gwe a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these Accounts, the trustees are rgquired lo'.- select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP", make judgements and eslimales that are reasonable and prudent.. slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the Accounts.. prepare tho Accounts on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsib￿ for keeping sufficient accounting records which discbse with reasonable accuracy al any time the financial position of the charity and to enable them lo ensure that the Accounts 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 tsking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees, Report was approved by the Board of Trustees. Approved by the Trustees and Signed on thelr behalf by.. Dated -2023 B£H 1971 CHARITABLE TRUST Inde￿ndent Examiner's Reportto the Trustees ofthe B-CH 1971 Charitable Trust I report lo the Iruslees on my examination of the accounts of the B-CH Charitable Trust for the year endèd 5 April 2023 which are sel out on pages 6 to 15. Resp&ctlve Responsibilities of Trustees and Exarniner As the charity Iruslees of the Trust you are responsible for the pr6paralion of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. l Teport in respect of my examination of the Trustees. accounts carried out under seclw)n 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under seth'on 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no material malleTS have come lo my attention in conne¢lion with the examination giving me cause lo believe that in any malorial respe¢l'. 1.) accounting records were not kept in respect of the Trust as requlred by seclK)n 130 of the Acl,. 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 conlenl of accounts Sel out in the Charities IA¢¢ounts and Reportsl Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a maller considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Emily Smith ACA Humphrey & Co Chartered Accounlanls 7-9 The Avenue Eastbourne East Sussex BN213YA Date 28 November .2023 B¢H 1971 CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT Year Ended 5 April 2023 Nots 2023 2022 Income and Expenditure Income from: Investments Gift 40,785.99 25,501.00 38,657.54 20,444.00 66,286,99 59,101.54 Expfynditure on: Raisin funds Investmènt Management Fees 9.424.35 5,799.71 Charitable activities.. Donations 11 38.000.00 36,000.00 Other ex endilure.. Legal Fees Accountancy Fees ARC Fees 16,841.72 2,100.00 640.00 15,815.77 1,980.00 360.00 Total resources expended 67.006.07 59,955.48 Net incoming loutgolngl resources before other recognised gainslllossesl 1719.081 1853.941 Net gains {lossesl on investments 195,582.231 51,862.99 Net Movement in funds 196,301.311 51,009.05 Fund balances al 6 April 2022 1,291.142.66 1,240,133.61 Fund balances at 5 April 2023 £1,194,841.35 £1,291,142.66 All tunds are unrestricted The notes on pages 8- 15 form part of these accounts. BQH 1971 CHARITABLE TRUST BALANCE SHEET at 5 ApTiI 2023 Note 2023 2022 Flxed Assets Investments 1.124,428.67 1,219,078.00 CurrentAssots Debtors Cash at bank and in hand 8,071.49 64,441.19 72,512.68 7.392.33 66,652.33 74.044.66 10 Cr9ditors'. amounts falling due within one year 12,100.001 11.980.001 Nel current assets 70,412.68 72,064.66 Total assets less current Ilabllltles £1,194,841.35 £1,291,142.66 Unrestricted funds 1,194.841.35 1,291,142.66 £1,194,841.35 £1,291,142.66 The notes on pages 8- 15 form part of these accounts. The accounts were approved by the Trustees on .... .2023 ..e.£. Edward Nicholas Reed Trustee 8£H 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 1 Accounting Pollcies Charity Inforrnation The B-CH 1971 Chari18ble Trust is a general charitable trust governed by a Trust Deed dated 8 October 1971 and is a registered charity nUM￿r 263241. 1.1 Accounting Convention The accounts have been prepared in a¢¢ordance with the charity's governing document, the Charities Act 2011, and "Accounting and Reporting by Charities.. Slalement of Recommended Practice appI￿ab]e lo charilies pieparing their accounts in accordance with the Financial Reporting Standard (effective 1 January 20191. The charity is a Public Benefrt Enlily as defined by FRS 102. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide a true and fair view. This departure has invofved following the Slalemenl of Recommended Practice for charities applying FRS 102 rather than the version of the Slalemenl of Recommended Pracl¢ce which is referred to in the Regulations bul which has since been withdrawn. The A￿ount8 are prepared in sterling. wh￿h the functional currency of the charity. The Accounts have been prepared under the historical cost convention. modified lo include financial insliumenls al fair value. 1.2 Golng Concern Al the lime of approving the Accounts, the trustees have a reasonable expectation that the charity has adequate reSour￿S lo continue in operational existence for the foreseeable future. Thus the trustees Continue lo aijopl the going concern basis of accounting in preparing the Accounts. 1.3 Charitable Funds Unreslricled funds are available for use 81 the discretion of the Iruslees in furtherance of their charitable objectives unless the funds have been designated for other purposes. 1.4 Incorning Resources Income is recognised when the charity is legally enlilled lo il after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that the income will be received. Cash donations are recognised on receipt. Other donations are iecognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. The charity is a registered charity and therefore is not liable for income lax or corporation lax on income derived from ils charitable activities, as it falls within the various exemptions available lo registered charities. -CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 1.5 Resources Expended Liabilities are recognised as expenditure as soon as there is a legal or ¢onslruclive obligation commilling the charity lo that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Costs of generating funds comprise the Investment Managers, costs associated wth the management of the investment portfolio in accordance with Ihe strategy sel by the Iruslees. Charitable expenditure in the form of donations payable is Sccounled for as and when approved by the trustees and when due for payment. Other costs include those costs associated with meeting the conslilulional and slalulory requirements of the charity and include the independent examination fees and legal costs linked lo strategic management of the charity. 1.6 Flxed Asset Investments Investments are included on the Balance Sheet al their market value at the end of the financial period. Listed investments are staled al the mid price on the London Stock Exchange and the bid prices promded by the Fund Managers for the unil trust holdings. Gains and losses on investment assets are credited, or debited, lo the Slalemenl of Financial Activities in the year in which they arise. 1.7 Cash and Cash Equivalonts Cash and cash equivalents include cash in hand, deposits held al call wlh banks, other short-temi liquid investments wlh original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabililEs. 1.8 Flnanclal Instrumants The charity has elected lo apply the provisions of Se¢lion 11 'Basic Financial Instruments, and Section 12 '01her Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual proviswjns of the instrument. Financial assets and liabililEs are offset. with the net amounts presented in the financial slalemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo sellle on a net basis or to realise the asset and settle the liability simultaneously. Bas1¢ Financial Assets Basic financial assets. which Include debtors and cash and bank balances. are initially measured al transaction price including transaction Costs and are subsequently carried al amortised cost using the effe¢live interest method unless the arrangement constilules a financing Iransaclion. where the transaction is measured at the p￿sent value of the future receipts discounted al a market rale of interest. Financtal assets classified as Teceivable within one year are not amortised. B-CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S Aprll 2023 Basic Financial Liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing transaction, where the debt instrument is measured al the present value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or services that have been acquired in the orc¢inary course of operations from supplier. Amounts payable are classified as ¢urrenl liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsèquently measured al amortlsed cost using the effe¢live interest method. Derecognition of Financial Liabilities Financial liabilities are derecognised when the charity's conliaclual obligations expire or are discharged or cancelled. 1.9 Fund Structure The charity holds un￿StrIcted income funds. Unre$lricled income funds comprise those funds which the trustees are free lo use for any purpose in furtherance of the charitable objects. 1.10 Critlcal accounting estimates and judgernents In the application of the charity's accounting policies, the Trustees are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumpliDns are based on historical experien￿ and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affe¢ls only that period. or in the period of the revision and future periods where the revrsion affects both current and future periods. In the year ended 5 April 2023 the Trustees conslder that there were no critical accounting eslimales and judgements arising that require disclosure. 10 B-CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2023 2 Income from Inv&stments 2023 2022 Fixed Interest Securilies Income from Overseas Securilles Income received - UK Equilies Income received - Unil Trusts Interest on Cash Deposits Excess Reportable Income 2.628.80 3.856.90 23.995.21 10,105.05 198.83 1.20 4,129.68 3.797.13 20.457.42 10.272.36 0.95 40,785.99 38,657.54 3 Accountancy Fees The anatysis ol accountancy fees is as follows.. 2023 2022 Independent examination of the Charity's accounts 2 100.00 1980.00 4 Trustees None of the trustees lor any persons connected wth them) received any remuneration, benefits or expenses from the Charity during the year. 5 Employees There were no employees during the year. 6 Net GainsllLosse$} on Investments 2023 2022 Revaluation of Investments Gain/lLoss) on Sale of Investments 187,318.511 18.263.721 47,297.70 4,565.29 95,582.23 51,862.99 -CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 7 Fixed Asset Investments 2023 2022 Listed Investments 1,124,428.67 1,219,078.00 Flxed Asset Inv8Stmonts Revalued Investments are included on the Balan￿ Sheet al their market value at the end of the financial period. Listed investments are stsled al the mid price on the London Stock Exchange and the bid pri￿$ provided by the Fund Managers for unil trust holdings. The h￿slOriCal cost of the fixed asset investments is £ 921.768.0012022 - £924,635.52}. Movements In Fixed Asset Investments 2023 2022 Cost or Valuation At 6 April 2022 Additions Valuation Change8 Disposals 1,219.078.00 99.774.10 195,582.231 198,841.201 1,202,318.00 147.224.01 51,862.99 (182,327.001 Note 6 At 5 April 2023 £1,124,428.67 £1,219,078.00 Carrylng Amount At 5 April 2023 £1,124.428.67 £1,219,078.00 At 5 April 2022 £1,219,078.00 £1,202,318.00 12 BIH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATENIENTS FOR THE YEAR ENDED 5 April 2023 8 Financial Instruments 2023 2022 Carrying Amount of Financial Assets Debt instruments measured al amortised cost Equity Instruments measured al fair value through SOFA 8,071.49 1,124,428.67 7,392.33 1,219,078.00 Carrylng Amount of Financial Liabilities Financial liabilities measured al amortised cost 2,100.00 1,980.00 Flnanclal Llabllltles . breakdown Humphrey & Co 2,100.00 1,980.00 2.100.OL) 1,980.00 9 D&btors 2023 2022 Amounts falling due within one year: Brokers Balance in transit 8,071.49 7,392.33 8,071.49 7,392.33 10 Cash at bank and In hand 2023 2022 Macfarlanes LLP Inveslec Wealth & Investment 12,146.08 52,295.11 9.124.57 57,527.76 64.441.19 66.652.33 13 -CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 11 Charitable Donations Made By The Trust 2023 2022 Ballen Disease Family Blue Cross British Liver Trust British Red Cross British Wireless for the Blind Fund Can￿r Support UK Cardiac Risk in the Young Care for Kids North Devon Care for Veterans Carers Trust UK CATTS Chailey Heritage Founllalion CLEAR Emotional Trauma & Therapy Specialists Clowns in the Sky Contact a Family Cornwall Air Ambulan¢e Cornwall Blind & Partially Sighted Association Cornwall Hospice Care Limited Cued Speech UK Dementia UK Dogs for Good Douglas Bader Foundation Drama Express Dressabilily Encaphalilis Society Exeter Community Transport Association Fareshare South Wesl FND Friends Go Kids Go Group B Strep Support Hidden Help Kidney Resear¢h UK Kids in Action- Ellie's Haven Lucy Air Ambulan¢e Macmillan Can￿r Support Marie Curie Newlife The Charity for Disabled Chiklren North Devon Hospice Pain Relief Foundation Parkinson's Disease Society of the UK REACT 1.000.00 2,000.00 1.000.00 2,000.00 1.000.00 2,000.00 2,000.00 1,OOD.00 1,000.00 1,000.00 1.000.00 2,000.00 2.000.00 1,000.00 1.000.00 1,000.00 1.000.00 1,000.00 2,000.00 2,000.00 2,0￿.00 2,000.00 2.000.00 2,000.00 1.000.00 2,0(K).00 1,000.00 1.000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 fj,ooo.00 1,000.00 1,000.00 2,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 Rowcroft House Foundation Scope Shellerbox Skeletal Cancer Trust Spinal Muscular Atrophy UK Target Ovarian Cancer The Children's Trust 1,000.00 1,000.00 2,000.00 2,000.00 1,000.00 1,000.00 1,000.00 1,000.00 14 B-CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 The Jessie May Trust The Leukodyslrophy Charity- Alex Wallace & Gromil's Children's Foun(Jation 1.000.00 1.000.00 1.000.00 38,000.00 36,000.00 12 Related Party Transactions Transactions wlh related parties During the perw)d Macfarlanes LLP provided services lo the charity lotalling £16.841.72 {2022'. £15,815.77) Mi Edward Reed is a partner of Macfarlanes LLP. All services were charged al a commercial rate. During the year, Miss J M Holman. a trustee of the eharily, grfted shares valued al £25,501.fK) to the charity. B-CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 Appendix 1 Income from Investments Overseas Tax& Expenses Holdlng Date Gross Tax Net Flxed Inte￿5t Aberdeen Standard European Logistics Income PIC Ord 1p Shares 26.125 241Q8r2022 2310912022 86.21 65.31 86.21 65.31 49.64 52.25 3011212022 2410312023 49.64 52.25 HICL Infraslruclure Company Limited Ord 1p Shares 14,569 3010612022 3010912022 3011212022 3110312022 159.84 66.03 96.04 123.05 159.84 66.03 96.04 123.05 Lloyds Banking Group PIC 7.6250A Bonds EMTN 2210412025 25,000 2210412022 2411012022 953.25 953.25 953.25 953.25 Treasury 0.125tyh Index- Linked Stock 22111136 14,875 2310512022 2211112022 11.53 12.40 11.53 12.40 2,628.80 2,628.80 Overseas Dividends Received Hipgnosis Songs Fund Ord NPVShares 12.000 1510612022 2811012022 3110112023 157.50 157.50 157.50 157.50 157.50 157.50 16 B£H 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 Overseas Tax& Expenses Holding Date Gross Tax Net Inlernalion81 Public Partnerships Limited Ord 0.01 p Shares Rights 2015111.11.15 10,047 071(W2022 10,884 1811112022 378.77 421.21 378.77 421.21 Ishares PIC FTSE 100 Fund FTSE 100 UCITS ETF Shares NPV 6,000 29106r2022 28109r2022 30112r2022 2910312023 552.(K) 529.20 298.80 256.80 552.00 529.20 298.80 256.80 Pinebridge Global Funds Asia Ex Japan Small Cap Equity Fund Shares 925 1510612022 1410912022 1411212022 1510312023 21.28 21.28 21.28 21.28 21.28 21.28 21.28 21.28 Schroder Oriental Income Fijnd Limited Ord 1 p Shares 7,500 1310512022 2610812022 3011112022 1010212023 142.50 150.00 420.00 150.00 142.50 150.00 420.00 150.00 3,856 90 3,856.90 Property Income Distributlon Shaftsbury PIC Ord 25p Shares 1.793 0110712022 2111212022 1510212023 86.06 91.44 37.65 86.06 91.44 37.65 215.15 215.15 UK Divldends Aberdeen Standard European Logistics Income PIC Ord 1p Shares 26,125 2410612022 2310912022 224.68 248.19 263.86 261.25 224.68 248.19 263.86 261.25 3011212022 2410312023 17 B£H 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 Overseas Tax& Expenses Holdlng Date Gross Tax Net Asso¢ialed British Foods PIC 5 15122p Shares 750 0810712022 1310112023 103.50 224.25 103.50 224.25 Aviva Pk Ord 25p Shares 3,000 1910512022 441.00 441.00 Aviva PIC Ord 32 17119p Shares 2,280 28109r2022 234.84 234.84 Barclays PIC Ord 25p Shares 9,000 1610912022 31103r2023 202.50 450.00 202.50 450.00 BP PIC Ord USSO.25 Shares 5,000 2410612022 2310912022 217.78 258.42 217.78 258.42 247.01 277.54 1611212022 3110312023 247.01 277.54 Bunzl PIC Ord 32 117p Shares 400 0410712022 0410112023 1e3.20 69.20 163.20 69.20 Compass Group Pk Ord 11.05p Shares 980 2810712022 0210312023 92.12 216.58 92.12 216.58 Diageo PIC Ord 28 1011108p Shares 500 0710412022 2011012022 146.80 234.10 146.80 234.10 GlaxoSmilhKlinè PIC Ord 25p Shares 1,000 0710412022 0110712022 230.00 230.00 140.00 140.00 Grèencoal UK Wind PIC Ord 0.01 p Shares 14,290 2710512022 2610812022 2511112022 2410212023 275.80 275.80 275.80 275.80 275.80 275.80 275.80 275.80 GSK PIC Ord 31 114p GBP IXLONI shares 800 0611012022 1210112023 130.00 110.00 130.00 110.00 18 B£H 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 5 April 2023 Oversea$ Tax& Expenses Holding Date Gross Tax Net HICL Infraslruclure PIC Ord 1p Shares 14,569 3010612022 3010912022 3011212022 3110312023 141.74 234.09 204.08 177.07 141.74 234.09 204.08 177.07 HSBC Hokling5 PIC Ord US$O.50 Shares 3,000 2810412022 2910912022 414.56 236.46 414.56 236.46 Law Debenture Corporation PIC Ord 5p Shales 5,000 1410412022 0710712022 2711012022 2610112023 418.75 362.50 362.50 362.50 418.75 362.50 362.50 362.50 Lloyds Banking Group PIC Ord 10p Shares 30,000 1910512022 12109r2022 399.00 240.00 3g9.00 240.00 Mercantile Investment Trust PIC Ord 25p Shares 17,500 0310512022 0110812022 01111r2022 0110212023 498.75 236.25 236.25 236.25 498.75 236.25 236.25 236.25 Polar Capital Global Financials Trust PIC Ord 5p Shares 12,000 3110812022 2810212023 288.00 246.00 288.00 246.00 Reckill Benckiser Group PIC Ord 10p Shares 200 0910612022 14109r2022 203.20 146.00 203.20 146.00 Rio Tinto PIC Ord 10p Shares 762 2110412022 347.47 347.47 2110412022 2210912022 2.337.21 1,688.82 2,337.21 1.688.82 19 -CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S April 2023 Overseas Tax& Expenses Holding Date Gross Tax Net SDCL En8igy Efficiency Income Trust PIC GPBO.01 Shares 17.391 30/(￿12022 30109r2022 2111212022 3110312023 244.34 260.87 260.87 260.87 244.34 260.87 260.87 260.87 Shaftsbury PIC Ord 25p Shares 1,793 1510212023 10.76 10.76 Shell PIC GBPO.07 Shares 1,955 271LKf2022 19109r2022 391.20 421.69 402.93 373.71 391.20 421.69 402.93 373.71 1911212022 1,550 2710312023 SSE PIC Ord 50p Shares 1,000 2210912022 0910312023 602.00 602.00 290.00 290.00 Tesco PIC Ord GBPO.0633333 Shares 5,500 2410612022 2511112022 423.50 211.75 423.50 211.75 Unilever PIC Ord 3 119p Shares 900 1610612022 0110912022 0911212022 2110312023 323.10 326.97 334.98 343.08 323.10 326.97 334.98 343.08 United Ulilrf(ies Group PIC Ord 5p Shares 1,250 0110812022 0110212023 362.50 189.63 362.50 189.63 Vodafone Group PIC Ord US$O.2095238 Shares 16,000 0510812022 0310212023 605.62 633.47 605.62 633.47 Worldwido Healthcare Trust PIC Ord 25p Shares 750 15107r2022 1110112023 146.25 52.50 146.25 52.50 23,780.06 23,780.06 20 B-CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2023 Overseas Tax& Expenses Holding Date Gross Tax Ngt Unit Trust Dividends Artemis Fund Managers Income Fund Inslilulional Income Units 50,109 3010612022 3011212022 1,103.11 932.69 1,103.11 932.69 Blackrock Fund Management Limited UK Smaller Companie5 Fund D Income Shares 4.000 2910412022 3111012022 156.42 403.09 156.42 403.09 Blackrod( Fund Managers Limited US Opportunits'es D Incotne Shares 1,345 2910412022 154.90 154.90 FP Wheb Sustainability C GBP Inc 10,000 2910412022 166.53 166.53 UBS Asset Management US Equity C Accumulation Shares 24,000 3110812022 2810212023 31.20 91.20 31.20 91.20 3,039.14 3.039.14 21 -CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 Overseas Tax& Expenses Holding Date Gross Tax Net Unit Trust Interest Allianz Glb Invest strategic Bond I Inv GBP 19.000 2910412022 3111012022 124.74 572.68 124.74 572.68 Allianz Gk)bal Investors UK Allianz Pimco Gild Yield C Income Units 35,000 2910412022 3111012022 209.62 401.21 209.62 401.21 AXA Investment Management US Short Duration High Yield Bond Zi Net Income Shares 20,000 3110812022 2810212023 413.34 380.69 413.34 380.69 Charities Property Fund Units 20,792 1310512022 1510812022 1511112022 1510212023 298.45 256.89 259.42 276.76 298.45 256.89 259 42 276.76 FIL Investment Services UK Money Buikler Income 24,808.08 2610412022 2610512022 2410612022 2610712022 2610812022 2610912022 2611012022 2511112022 2311212022 2610112023 2410212023 2410312023 71.77 69.34 71.77 78,10 72.69 76.04 70.28 73.23 71.67 85.51 77.30 88.32 71.77 69.34 71.77 78.10 72.69 76.04 70.28 73.23 71.67 85.51 77.30 88.32 Jupiter Unil Trust Man Strategic Bond Fund Z Income Shares 24,996.09 3010612022 3010912022 3011212022 3110312023 143.93 166.00 157.80 172.55 143.93 166.00 157.80 172.55 22 -CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023 Oversea5 Tax& Expenses Holdlng Datg Gross Tax Net M & G Securities Ltd Global Floating Rate High Yield 23,614.82 30n6r2022 3010912022 3011212022 3110312023 218.70 253.67 297.52 396.07 218.70 253.67 297.52 396.07 Mailland Instl Svc Ml Twenlyfour AM Dynamic Bond 230 3110512022 3110812022 3011112022 2810212023 249.65 284.59 317.70 307.91 249.65 284.59 317.70 307.91 7,065.91 7,065.91 Excess Reportable Income Mailland Insll Svc hlll Twentyfour AM Dynamic Bond 6,000 3110812022 1.20 1.20 1.20 1.20 ' Accumulated income 23 -CH 1971 CHARITABLE TRLISY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S Aprll 2023 Appendlx 2 Imiestmenls held at Sth April 2022 Invttstmtnts hold at 5th Aprll 2023 Cost or 2022 Adjusted Value Unreallsed Markot Valuo galnlll¢yd81 Holdlng ¢08t Mark0tValuo Holdlng Book Value UK EQUITIES AbBrdEe S￿ndard Evrortan Loglslics In( PlcOrd1p Shares 26.125 90.916.40 28.873.00 26,125 30,918.40 28,973. 18.274.44 110.698.sei AIIK4nz Glb Invest Slraiegic BO￿ I Inv GBP 19,0 25.636.21 21.898.00 19.0 2s.e38.21 21.898. 19.043.70 {2.854.301 Alliaoi Gkbsl Inv¢siots UK Alllan2 Pirnco GThl Yield C Inwme 25.OUO 58.209.49 e4.873.00 Artefflis Fund mar￿er$ In¢on* E QBP Dls 50.109.405 28,105.81 52.555.00 50,109.406 28.105.81 52.555.00 S1.322.OS 11,232.951 Asp8d UCIT Funds Dlve1$rf￿O Trw¢s P In$ll 140 Z2.401.J9 22.401.89 22.457.40 55.51 Assodated Brili5h Fo￿S P 5 1&¥2p Sha￿8 750 8,856.46 12.321.00 750 8,856.46 12,321.00 14.SB3.76 2.26175 Amva Pk Old 2Ey Sh*es 2,000 9,078.25 13,202.00 Awva Pt Ord 32 17119p Shares 2,280 .779.25 9,658.69 9,324.C6 1534.831 AM Inve$bNnt Man4ers US Duraiknn HIghY[e￿ Bond Zi Net Incom8 Shares 20,OOD xi,e82.56 17,820.00 20,ODO 20.OV2.5S 17,020.00 18.4184.(Q 11.136.001 8rcl*s Pk Ord 2Sp Shares 8,000 13,470.93 13.229.00 18.470.93 13,Y29.00 13,295.70 88.70 Bla(*roGk Fund ManwJemwi Limii*d UK Sr(4kr Ccmpanks FuTrJ D Inc0 17.040.82 22,226.00 ,828.28 60D.28 GSK Pk Ord 31 114p GBP IXLONI Shares 8.325.18 15.180.OD 11.896.80 13.2W2.201 25 B-¢FI 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 Aprll 2023 App8ndlx 2 Inve5tment5 hold at 5th A rS12022 Invostmenls held at Sth April 2023 Cost or 2022 Adjusted Valuo Unrèallsod Marke¢ Value gainll10551 Holdlng Cost Market Value Holdlng Book Valu& Haleon PIC Ord 0.01 IXLONI GBP Shales 1.000 1,847.(KJ 1,847.tKJ 3,4C6. 1,559.LKI HICL Infra$1r￿Ure Company Limlted Ord £0 W01 Shares 14.689 17.364.64 26.186.00 14.569 17,364.64 26,166. 7I.684.80 HlpJno4$ Soros Fund Ord NPV Shares 12,WD.00 14.738.$0 14.544.00 12.000.00 14,738.50 14,544.(K) 9.918.(h) 14.626.001 HS8C Hcldhgs Pl¢Ord US$O.80 Shales 3,LNJO 18.083.69 15.834.00 3.000 18.683.8 15,834.C 1S,623.QO 789.OD Common iISD2 Str 2￿.00 170.07 607.00 Common USD 0.6 Share$ 4000 170.07 e07.CQ 572.QO I￿.4￿) temat￿n Public Patherships Lirrited Ord 0.olp Shares 10,047 14.307.B9 17.211.00 10.8B4 1S.642.91 18,548.02 16.140.97 (2,4Q6.061 tsharès Pk FTSE 1N Fund FTSE 1W UCITS ETF Share5 6,IX)O 35.e4B.48 44.952.00 6.0 35.849.69 44.953 20 45.015.00 61. Man sira1￿1¢ Bond Fund Z Income Share5 24,￿.09 17,021.37 15.49S.00 24.958.09 17.021.37 15,495.(K) 13.e85.33 11,829.871 L&v De￿nIU[e Corporat￿Tr Pl¢ Ord Sp Shares S,NO 26,897.40 40.426.00 5.000 28,897.40 40,425. 39,3Z5.QO 11.100.WI Lbyds TSB Bank Plc7.625% Bands WtN 2210412025 £25.000 23.$05.64 28.198fKI £25.000 23.505.fj4 28,196.00 25.82S.(h) 12.371.001 Lws B¥r*l Gioup Pt Ord 10p Share5 30,000 40.527.28 13.891.00 30.000 40,$27.28 13,891.00 14.528.25 637.25 M & G Se¢urilles Ltd Global Fbabng Ra Hlgh Yle 23,014.827 25.411.26 22,e43.00 23,e14.827 25,411.2e 22,843.00 .14&62 26 -CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S Aprll 2023 Appèndlx 2 Inv88tment8 held at Sth April 2022 Inv08tments hèld at 5th Aprll 2023 Cost or 2022 Adlustod Valuè Unrgallsed Mavlotvalue gainlllossl Holdlng Cost Market Value Holdlng Book V#lu• Mauand Insu SVO Ml TwentyfDurAM rtynaml¢ Bond 230 26.029.$9 24,252.00 230 *029.99 24.252.00 20,953.rKI 13.299.001 Mercanlile InvesimwiTw$l Pk Ord 2.5p Share5 17,500 37,679.03 38.456.00 17.500 37.eTr.03 38,456.00 33,775.(K) 14.681.001 PinebDdge G￿al Fvnd$ Asl8 ExJgp3n Small Cap Ewity Fund Shares 926 11.18&90 13,635.00 925 11,188.90 13,fj35.00 13,033.44 ie01.561 Capital Fund¥ Glob81 Technology Fund lass I Slerfing shares 400 3,188.61 28.072.00 4fAI 3.188.61 26,072.00 22,700.C¢ 13.372.rAIi P0￿r Cap]t81 Financ48ls Trusl Plcoid 5p shales 12,000 12,480.00 20.172.00 12,000 12,480.00 20,172.00 1<11& 14.056.OJl R8ckiti Bend(18er Group Pk Ord 10pShar88 200 e,688.42 11,914.00 2QO fj.608.42 11,914.00 12,670. 750. RioTirto PIC Ord 10pShares 762 10,118.40 4e,631.00 762 10,118.49 46,631.00 40,26D 27 (6.370.731 Sthioder Orlentsi Income Fund Lknyied Ord 1p Shares 7.500 7,650.00 20,419.00 7,500 7.650.00 20,419.00 19.14&75 11.27S 251 SDCL Ene￿Y Eff￿encY IT￿rne Trust PIG GPBO.01 Sh 17.391 20,034.6S 21,028.00 17,391 20.034.06 21,tY26.00 14.91278 (6.113.221 Shaftsbury Pl¢ Ord 25p Sh8res 1,793 15,8W.92 1Q.879.00 Shell Pk Ord 0.07 Share5 1,955 32,49ts.06 41.461.00 1,550 25,763.35 32,871.89 30,62Z.S8 3.75D 74 SSE Pkord 5 Sh818s 1,000 12,5e6.76 17.985.00 I.OCM) 12.596.78 17,965.00 18,132.9) 167.gj Te8¢0 Pl¢Ord GBPO 0633333 Sha￿9 5.5fAI 14,511.76 1499.421 Treasury 0.125% Ind&¥-Linked si¢th 2¥11138 14,875 25,224.81 20.270.00 14.875 2S.224.61 28,270.00 21,Cffj3.W 15.207.wI 27 -CH 197f CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S Aprll 2023 Appendix 2 Invèstmont8 held at 5th April 2022 Invostrnents hgld at 5th rll 2023 Cost QT 2022 Adjusted Valu8 Unroa1188d rket Valuè galnllloss Holding Cost Markèt Valuè HoldSt)g ook Value UBSAssel ManagemEnl US Equily C A￿V￿r¥bOn Sh8 24,LNJO 10.855.74 50.695.00 24,NO 10.è7B.14 $0.817.40 47,947.20 12,870.2QI Unilever Ord 3 119p Shares 4.371.48 31.824.00 4,371.48 31,824.00 38,M3.(K) 8.750. Unrfed Ublllle$ Group Pk Ord 5p Shares 1,250 7.$45.70 14.578.00 1.250 7.54S 70 14.578.00 13,453.13 11.124.671 Vodaf£TrGroup Pl¢Ord US$O.209523B Shares 16.000 27.$25.44 20.075.00 1e.000 27.525.44 20,075.00 14,312.W) 16.7Vd.201 Worfdw¥J Healltrt¥re Trust Pl¢Ord 25p Shares 750 4,328.60 24.856.00 750 4.328.eO 24,658 00 23,400. 11,266.Wl £*4.635.52 £1.218.078.00 £¥21,768.00 £1,211.747.18 £1.124.428.fj7 £87.218.51 28 CH 1971 CHAR￿ABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2023 The acqui811ions and disposals of investments are set oul below'.- Acquisitions Holding Dat• Cost Event Asp8Ct UCIT Funds Oiver5ifie(I Trends P Insll 140 06107122 22,401.89 Purchase Aviva B Shar85 3,OLKI 16105122 2,299.00 From Reorganisalion Aviva PIC Or¢J 32 17119p Shares 2,280 16105r22 6,779.25 From Consolidation BNP Paribas Issuance 160% S & P A¢¢el 24 USD 1,994.000 28103123 25,501.00 Gifted by Meryan Holman Capital & Countie5 Pl¢ Ord 25p Shares 6,017 06103123 15,980.92 From Scheme GSK PIC Ord 31 114p GBP IXLONI Sh8res 800 19107122 8,325.18 From Consolidation Haleon PIC Ord 0.01 IXLONI GBP Shares 1,000 18107122 1,847.00 From Oemerger Grynmon USD 0.5 Share5 40 10110122 170.07 Frorll Consolidation 100 Fund FTSE 100 UCITS ETF Shares 31108122 1.20 Accumulation International Publ Partnerships Limiled Ord 0.01p Shares 837 26104122 1.335.02 Capital Call Tes¢0 PIC Ord GBPO.(É33333 Shares 5,500 28104122 15,011.17 Purchase UBS Asset Man2agement US Equity C A¢¢umubtlon Shares 31108122 28102123 31.20 91.20 Accumulation Accumulation £99,774.10 29 B-CH 1971 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2023 Disposals Holding Datè Markèt Valuel Proceeds Converslon Cost Profiu (Lossl Event Allianz Global Investors UK Allianz Pimco Gill Yield C Income Units 35,000 06103123 64,873.(KJ 50,823.50 114,049.501 Sale Amva B Shares 3,000 19105122 3.343.31 3,050.70 (292.611 Relum of Gapilal Aviva Pl¢ Ord 25p Shares 3,000 16105122 9,078.25 9,078.25 Consolidation GlaxoSmithKline PIC Ord 25p Shares 18107122 1.000 19107122 1.847.00 8.325.18 1,847.00 8.325.18 Demerger Consolidation Common USDO.10 Stod( 200 10110122 170.07 17007 Consolidation Shaftsbury PIC Ord 25p Share5 1,793 06103123 10,879.00 15,980.92 5,101.92 Scheme Shell PIC Ord 0.07 Shares 405 17111122 8,569.11 9,565.58 976.47 Sale £107,104.92 £98,841.20 £8,263.72 30