## **The Antony Hornby Charitable Trust**
## **Financial statements**
**For the year ended 5 April 2021**
**The Antony Hornby Charitable Trust**
## **Contents**
||**Page**|
|---|---|
|Report of the Trustees'|1-3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Balance Sheet Schedules|7|
|Notes to Accounts|8-10|
|Schedule of grants/donations|11|
|Schedules of Investments|12-16|
|Schedules of investment income receivable|17-20|
**The Antony Hornby Charitable Trust**
## **Report of the Trustees**
The trustees present their annual report and accounts for the year ended 5 April 2021.
## **Structure, Governance and Management**
The full name of the Charity is The Antony Hornby Charitable Trust. The Trust was created and is governed by a Trust Deed dated 29 October 1971. The Charity registered number is 263285, and its registered address is 71 Queen Victoria Street, London, EC4V 4BE.
The settlor of the Charity was the late Sir Antony Hornby, who was formerly the senior partner of Cazenove & Co, who died on 20 December 1987. He settled under the terms of the Trust Deed a portfolio of investments and cash and made subsequent additions to the Trust up to 1983. The Charity received a legacy under his will of £30,000 in cash.
The settlor requested in the Trust Deed that, so far as possible, one of the trustees should be his daughter, Mrs Marie Antoinette Hall, or a descendant of hers.
The main terms of the Charity are that the capital and income of the Trust Fund should be applied for charitable purposes in the United Kingdom or elsewhere, at the discretion of the trustees, except that no payments should be made, the result of which would be to reduce the capital value of the Trust Fund to less than £50,000, unless for a special reason.
## **Trustees**
The trustees who served during the financial year were:
Michael Wentworth-Stanley Jane Wentworth-Stanley Emma Jane Renshaw Mark Antony Loveday Robert Finlay Nelson
## **Principal Aims and Objectives**
The present policy of the Charity is not to distribute capital but to distribute the annual income for charitable purposes. The objective of the Charity is to manage the portfolio of investments to produce a balance of capital appreciation and income and to provide sufficient income from the portfolio to meet the charitable donations expected to be made by the trustees during the year.
Whilst the trustees do not have a prescriptive policy towards donations, the emphasis is placed on charities involved in medical, education and welfare activities and the arts, in line with the settlor's wishes.
Page 1
**The Antony Hornby Charitable Trust**
## **Report of the Trustees**
## **Activities and Financial performance**
Donations are only made to recognised charities, the activities and purposes of which are known to one or more of the Trustees. The aim of the Charity is to support financially such recognised charities all of whom will have charitable purposes as defined in the Charities Act 2006. In this way the Charity's activities operate for the public benefit.
The income available for distribution in the year to 5 April 2021 amounted to £31,033. The total donations amounted to £38,600 which were distributed to those charitable organisations listed in these accounts.
Total assets of the Charity at 5 April 2021 amounted to £1,572,062 (2020 £1,263,619), which represents an increase of 24.41%. The trustees regard the performance of the portfolio as satisfactory in the light of the market conditions in the year.
The fall in value of the portfolio was a result of the worldwide fall in equity values as a result of the Covid 19 pandemnic and these values have now recovered.
## **Financial review**
The Trust has no forward commitments and therefore does not deem it necessary to have a formal reserves policy.
The Trust Deed gives the trustees wide powers of investment at their own discretion and does not impose any restrictions on the way in which the Charity should operate or on the application of its funds. The portfolio of investments is managed by Cazenove Capital of 1 London Wall Place, London EC2Y 5AU.
## **Risk Management**
The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen risk.
The Trustees consider that the investment manager has an appropriate investment strategy.
Page 2
**The Antony Hornby Charitable Trust**
## **Report of the Trustees**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards ( United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and 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 application of resources of the Charity for that period. In preparing these financial statements the Trustees are required to:
- select suitable accounting policies and then apply them consistently
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Public Benefit**
The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to all guidance published by the Charity Commission.
Approved by the trustees and signed on their behalf
…………………………………………………..
**Mr D M Wentworth-Stanley Trustee**
Stag Hall Farm Great Munden Near Ware Hertfordshire SG11 1JW
Page 3
**The Antony Hornby Charitable Trust**
## **Approval of the financial statements and independent examiner's report to the Trustees For the year ended 5 April 2021**
I report on the accounts of the Antony Hornby Charitable Trust for the year ended 5 April 2021, which are set out on pages 5 to 20.
## **Respective responsibilities of trustees and examiner.**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to examine the accounts (under section 145 of the 2011 Act), to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145 (5)(b) of the Charities Act), and to state whether particular matters have come to my attention.
## **Basis of Independent Examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention :
1. which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to compy with the accounting requirements of the 2011 Act
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper undertstanding of the accounts to be reached
**J M Hill FCCA, CTA, DchA Independent Examiner Saffery Champness LLP**
Date ………………………………
**Chartered Accountants**
Westpoint Peterborough Business Park, Lynch Wood Peterborough PE2 6FZ
Page 4
**The Antony Hornby Charitable Trust**
## **Statement of Financial Activities For the year ended 5 April 2021**
|**Page**
**Income and expenditure**
**Incoming Resources**
**Income and endowments from:**
Investment income
17-20
Interest received
**Total**
**Resources expended**
**Direct charitable expenditure :**
Grants/Donations
11
**Other expenditure :**
Management and administration
9
**Total**
**Net income/(expenditure)**
**before investment gains/(losses)**
Transfer between funds
**Net income/(expenditure) and net**
**movement in funds before gains and**
**losses on investments**
**Net gains/(losses) on investments**
Realised
12-16
Unrealised
12-16
**Total investment gains**
**Net movement in funds**
**Total funds brought forward at 6 April 2020**
**Total funds carried forward at 5 April 2021**
6|**Unrestricted**
**Income**
**fund**
32,747
-
32,747
38,600
1,714
40,314
(7,567)
3,245
(4,322)
-
-
-
(4,322)
4,322
-|**Expendable**
**Endowment**
**fund**
-
-|**Total**
**£**
32,747
-
32,747
38,600
10,129
48,729
(15,982)
-
(15,982)
91,726
232,699
324,425
308,443
1,263,619
1,572,062
**2021**|**2020**
**Total**
**£**
51,141
170|
|---|---|---|---|---|
|||-||51,311|
|||-
8,415||45,500
10,175|
|||8,415||55,675|
|||(8,415)
(3,245)||(4,364)
-|
|||(11,660)||(4,364)|
|||91,726
232,699||(14,475)
(228,675)|
|||324,425||(243,150)|
|||312,765
1,259,297||(247,514)
1,511,133|
|||1,572,062||1,263,619|
Page 5
**The Antony Hornby Charitable Trust**
## **Balance Sheet At 5 April 2021**
|**Fixed assets**
**Investments (at market value)**
**Current assets**
**Cash**
**Debtor**
**Creditors**
**Net current assets**
**Total assets less**
**current liabilties**
**Funds of the Charity**
**As Trustees we approve these accounts**
**Michael Wentworth-Stanley**
**Jane Wentworth-Stanley**
**Emma Jane Renshaw**|**Page**
12-16
7
7
7
5|**2021**
**£**
1,441,200
£
149,115
2,497
(20,750)
130,862
1,572,062
£
1,572,062
£|**2020**
**£**
1,177,009|
|---|---|---|---|
||||112,110
-
(25,500)|
||||86,610|
||||1,263,619|
|||||
||||1,263,619|
|||||
||**Mark Antony Loveday**|||
||**Robert Finlay Nelson**|||
Page 6
**The Antony Hornby Charitable Trust**
## **Balance Sheet Schedules**
## **At 5 April 2021**
|**Page**
**Cash**
Barclays Bank PLC - Current account
Schroder & Co Ltd
Capital account
Income account
Charities Aid Foundation
6
**Debtor**
Dividend due
**Creditors**
Donations payable
6|**£**
38,257
109,542
1,316
-
149,115
2,497
20,750
**2021**|**2020**
**£**
50,998
56,182
4,746
184|
|---|---|---|
|||112,110|
|||-|
|||25,500|
NOTE: All creditors are payable within one year.
Page 7
**The Antony Hornby Charitable Trust**
**Notes to the accounts For the year ended 5 April 2021**
## **1. Accounting Policies**
## **1.1 Accounting convention**
The financial statements have been prepared under the historic cost convention, with the exception of investments which are included at their market value. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, as amended by Update Bulletin 1 in February 2016, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from January 2015.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Charity constitutes a public entity as defined by FRS 102.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. The Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Fund accounting**
The charity maintains an expendable endowment fund and income fund, both general unrestricted funds, which represent unrestricted income and endowment which is expendable at the discretion of the trustees in the furtherance of the objects of the charity.
## **1.4 Income**
All income is recognised in the statement of financial activities when the conditions for receipt have been met and there is reasonable assurance of receipt.
Investment income is accounted for when receivable.
## **1.5 Direct charitable expenditure**
Direct charitable expenditure comprises donations, directly related to the objects of the charity.
Page 8
**The Antony Hornby Charitable Trust**
**Notes to the accounts For the year ended 5 April 2021**
## **1.6 Other expenditure**
Management and administration costs relate to expenditure incurred in the management of the charity's assets, organised administration and compliance with constitutional and statutory requirements.
## **1.7 Investments**
Investments are stated at market value. Realised and unrealised gains and losses are shown in the statement
## **2. Donations**
|**Donations**|||
|---|---|---|
|Donations made in year
Donations made via Charities Aid Foundation|**2021**
**£**
38,600
-
38,600|**2020**
**£**
20,000
25,500|
|||45,500|
|**3. Administrative expenses**
**Unrestricted**
**Income**
**fund**
**£**
Management and administration:
Accountancy charges
1,245
Independent examination
225
Investment management fees
-
CAF fees
244
1,714|**Expendable**
**endowment**
**fund**
**£**
1,245
225
6,945
-
8,415|**Total**
**£**
2,490
450
6,945
244
10,129
**2021**|**2020**
**Total**
**£**
2,486
424
7,231
34|
|---|---|---|---|
||||10,175|
## **4. Information regarding Employees and Trustees**
There were no employees in the current year or prior year. None of the Trustees were remunerated for their services during the year.
Page 9
**The Antony Hornby Charitable Trust**
## **Notes to the accounts**
## **For the year ended 5 April 2021**
## **5. Investments held as fixed assets**
|Market value at 6 April 2020
Additions at cost
Disposals at opening market value
Net unrealised investment gains/(losses)
Market value at 5 April 2021
Cost at 5 April 2021|**2021**
**£**
1,177,009
425,443
(393,951)
232,699
1,441,200
1,225,997|**2020**
**£**
1,402,919
248,692
(245,927)
(228,675)|
|---|---|---|
|||1,177,009|
|||1,275,401|
Investments are revalued at middle market value at the year end. All investments are held within unrestricted funds. The portfolio is held in a number of funds and unit trusts managed by Cazenove and other fund managers, which permits diversification.
|Investments held in:
UK listed equities
Emerging Markets
Europe equities
Asia inc Japan
Japan
North America
Global equities
Bonds
Multi Asset Funds
Property
Other
Commodities|**2021**
**£**
161,487
76,386
38,864
89,424
22,486
224,717
427,650
153,607
124,598
48,533
42,075
31,373
1,441,200|**2020**
**£**
429,400
23,616
98,120
17,352
171,910
170,193
63,185
114,297
50,941
37,995
-|
|---|---|---|
|||1,177,009|
## **6. Taxation**
The trust is a registered charity and does not trade for tax purposes.
## **7. Charitable Commitments**
At the balance sheet date there were no commitments for future donations.
Page 10
## **The Antony Hornby Charitable Trust**
## **Schedule of donations**
## **For the year ended 5 April 2021**
|**Page**
**Donations**
ABF The Soldiers Charity
ADAPT
Alzheimer's Research UK
Ataxia UK
Cancer Research UK
Countryside Learning
Disability Snowsport UK
East & North Herefordshire Hospitals Charity
Family Rights Group
For Baby's Sake Trust
First Step
Friends of St Mary's Church, Standon
Hertfordshire Community Foundation Hospice Appeal
Keech Hospice Care for Children
Kings Medical Research Trust
London Catalyst
Marie Currie Cancer Care
Mary Hare School for the Deaf
Multiple Sclerosis Society UK
Mundens Parochial Church Council
PACE Centre
Parkinson's UK
Pro Action Hertfordshire
Reed's School
The Art Fund
The Stroke Association
5|**2021**
**£**
1,500
1,000
1,500
1,500
1,500
1,500
1,000
1,000
3,000
750
750
3,000
3,000
2,500
1,500
1,500
1,500
1,000
1,500
100
1,000
1,500
1,000
1,500
1,500
1,500|
|---|---|
||38,600|
Page 11
## **The Antony Hornby Charitable Trust**
**Schedule of investments For the year ended 5 April 2021**
|||||||**Acquisitions/(disposals)**|**Acquisitions/(disposals)**|**Acquisitions/(disposals)**||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Investments held at 6 April 2020**||||||**Profit or**|**(loss) on :**|||**Investments held at**||**5 April 2021**|
||||**Market**|||**Cost/**||**2020**|||**2020**|**Market**|**Unrealised**|
|**Equities**|**Holding**|**Cost**|**value**|**Date**|**Holding**|**(proceeds)**|**Cost**|**value ***|**Holding**|**Cost**|**value ***|**value**|**profit/(loss)**|
|||**£**|**£**|||**£**|**£**|**£**||**£**|**£**|**£**|**£**|
|**UK**||||||||||||||
|The Equity Income Trust||||||||||||||
|for Charities||||||||||||||
|Income units|209,000|60,445|75,658|Apr 1|(49,000)|(22,501)|8,330|4,763|160,000|46,274|57,920|73,472|15,552|
|JO Hambro CMUK||||||||||||||
|UK Equity Inc|84,050.000|119,500|67,240|Dec 11|(35,050)|(37,504)|(12,329)|9,464||||||
|||||Apr 1|(49,000)|(60,270)|(9,397)|21,070||||||
|Trojan Income Fund||||||||||||||
|Class S Income|87,000|152,946|137,860|Mar 5|(23,251)|(39,823)|(1,052)|2,980||||||
|||||Mar 29|(13,749)|(23,548)|(623)|1,761|50,000|87,900|79,230|88,015|8,785|
|**Emerging Markets**||||||||||||||
|Fidelity Emerging||||||||||||||
|Markets R||||||||||||||
|Accumulation||||Mar 11|31,500|45,801|||31,500|45,801|45,801|45,990|189|
|RWC Global||||||||||||||
|Emerging Markets||||||||||||||
|S Dist||||Feb 10|250|32,109|||250|32,109|32,109|30,396|(1,713)|
|Vanguard FTSE 100||||||||||||||
|GBP Dis units|3,660|120,203|87,090|Aug 6|(3,660)|(97,198)|(23,005)|10,108||||||
|Excess reportable income||||Dec 31||42|(42)|(42)||||||
|**Europe ex UK**||||||||||||||
|BlackRock European||||||||||||||
|Dynamic Fund||||||||||||||
|Class FD|16,000|30,784|23,616|||||||||||
|Equalisation||||Apr 29||(198)|||16,000|30,586|23,418|38,864|15,446|
Page 12
## **The Antony Hornby Charitable Trust**
## **Schedule of investments For the year ended 5 April 2021**
|||||||**Acquisitions/(disposals)**|**Acquisitions/(disposals)**|**Acquisitions/(disposals)**||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Investments**|**held at 6 April 2020**|||||**Profit or**|**(loss) on :**|||**Investments held at**||**5 April 2021**|
||||**Market**|||**Cost/**||**2020**|||**2020**|**Market**|**Unrealised**|
|**Equities**|**Holding**|**Cost**|**value**|**Date**|**Holding**|**(proceeds)**|**Cost**|**value ***|**Holding**|**Cost**|**value ***|**value**|**profit/(loss)**|
|||**£**|**£**|||**£**|**£**|**£**||**£**|**£**|**£**|**£**|
|**Asia ex Japan**||||||||||||||
|BlackRock Asian Dragon||||||||||||||
|Fund|1,660|50,571|47,443|Feb 4|(1,660)|(71,081)|20,510|23,638||||||
|Excess reportable income||||Feb 28||3|(3)|(3)||||||
|Schroder Asian Income||||||||||||||
|Fund||||||||||||||
|Z income units|83,268|58,125|50,677||||||83,268|58,125|50,677|72,943|22,266|
|T Rowe Asian||||||||||||||
|Opportunites||||||||||||||
|C S1 Income||||Feb 3|1,600|16,757|||1,600|16,757|16,757|16,481|(276)|
|**Japan**||||||||||||||
|Vanguard Japan Stock||||||||||||||
|Index Fund|£130|20,540|17,352||||||130|20,540|17,352|22,486|5,134|
|**North America**||||||||||||||
|Spyglass US Growth Fund (UCITS)||||||||||||||
|Aravis Funds ICAV|2,775|32,423|23,704||||||2,775|32,423|23,704|44,775|21,071|
|Vanguard S+P 500||||||||||||||
|ETF-GBP-Dis|1,000|36,606|38,580|||||||||||
|Excess reportable income||||Dec 31||29||||||||
|||||Jan 21|744|41,351||||||||
|||||Mar 16|581|30,027|||2,325|108,013|109,987|127,660|17,673|
|William Blair||||||||||||||
|US Small Mid Cap||||||||||||||
|Growth fund|310|39,451|31,694||||||310|39,451|31,694|52,282|20,588|
Page 13
## **The Antony Hornby Charitable Trust**
## **Schedule of investments For the year ended 5 April 2021**
||||||||**Acquisitions/(disposals)**|**Acquisitions/(disposals)**|**Acquisitions/(disposals)**||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Investments**|**held at 6 April 2020**||||||**Profit or**|**(loss) on :**|||**Investments held at**||**5 April 2021**|
||||**Market**||||**Cost/**||**2020**|||**2020**|**Market**|**Unrealised**|
|**Equities**|**Holding**|**Cost**|**value**|**Date**||**Holding**|**(proceeds)**|**Cost**|**value ***|**Holding**|**Cost**|**value ***|**value**|**profit/(loss)**|
|||**£**|**£**||||**£**|**£**|**£**||**£**|**£**|**£**|**£**|
|**Global**|||||||||||||||
|Atlas GI|||||||||||||||
|Infrastructure|||||||||||||||
|B GBP Uh Dist||||Jun|3|185|21,150|||185|21,150|21,150|21,788|638|
|Fidelity Global|||||||||||||||
|Dividend Fund|||||||||||||||
|Class W Income|30,000|62,490|51,480||||||||||||
|Equalisation||||Apr|21||(540)||||||||
|||||Aug|11|20,000|39,780||||||||
|Equalisation||||Oct|19||(103)|||50,000|101,627|90,617|104,250|13,633|
|M&G Investment Man|||||||||||||||
|Global Dividend|||||||||||||||
|I Inc|48,263.92|76,639|86,532||||||||||||
|Reorganisation to|||||||||||||||
|PP shares||||Jun|30|63,663.12|||||||||
|||||Feb|4|(14,000)|(15,141)|5,555|4,317|97,927|67,053|75,708|109,982|34,274|
|Ninety III Global|||||||||||||||
|Env K Income||||Feb|4|18,500|30,503|||18,500|30,503|30,503|28,725|(1,778)|
|Polar GI Insurance|||||||||||||||
|Fund E||||Oct|13|4,100|21,805||||||||
|Equalisation||||Jan|28||(14)|||4,100|21,791|21,791|23,802|2,011|
|Robeco BP Global|||||||||||||||
|Premier Equity|||||||||||||||
|Dis||||Nov|24|400|44,452|||400|44,452|44,452|50,652|6,200|
|T.Rowe Gl Tec Eq|||||||||||||||
|Q-GBP-Dis|3,007|28,620|34,120|Feb|5|(729)|(15,958)|9,020|7,686|2,278|21,682|25,848|46,904|21,056|
|Wellington Global Health Care|||||||||||||||
|Class N Unhedged|2,150|31,816|32,181|||||||2,150|31,816|32,181|41,547|9,366|
||||||||Page 14||||||||
## **The Antony Hornby Charitable Trust**
## **Schedule of investments For the year ended 5 April 2021**
|||||||**Acquisitions/(disposals)**|**Acquisitions/(disposals)**|**Acquisitions/(disposals)**||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Investments held at 6 April 2020**||||||**Profit or**|**(loss) on :**|||**Investments held at**||**5 April 2021**|
||||**Market**|||**Cost/**||**2020**|||**2020**|**Market**|**Unrealised**|
|**Equities**|**Holding**|**Cost**|**value**|**Date**|**Holding**|**(proceeds)**|**Cost**|**value ***|**Holding**|**Cost**|**value ***|**value**|**profit/(loss)**|
|||**£**|**£**|||**£**|**£**|**£**||**£**|**£**|**£**|**£**|
|**Multi-asset funds**||||||||||||||
|Trojan Investment Funds||||||||||||||
|S Class Acc|43,610|93,808|114,297||||||43,610|93,808|114,297|124,598|10,301|
|**Other**||||||||||||||
|HICL Infrastructure Co Ltd||||||||||||||
|Shares|25,500|39,780|37,995||||||25,500|39,780|37,995|42,075|4,080|
|**Property**||||||||||||||
|Property Income||||||||||||||
|Trust for Charities|59,151.10|49,799|50,941||||||59,151.10|49,799|50,941|48,533|(2,408)|
|**Commodities**||||||||||||||
|iShares Physical||||||||||||||
|Gold ETC||||Mar 16|1,285|31,400|||1,285.00|31,400|31,400|31,373|(27)|
|||1,104,546|1,008,460|||(28,670)|(3,036)|85,742||1,072,840|1,065,532|1,287,593|222,061|
* = adjusted, if necessary, for the cost of subsequent additions.
Page 15
**The Antony Hornby Charitable Trust**
## **Schedule of investments**
## **For the year ended 5 April 2021**
|||||||**Acquisitions/(disposals)**|**Acquisitions/(disposals)**|**Acquisitions/(disposals)**|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Investments**|**held at 6**|**April 2020**||||**Profit or**|**(loss) on :**||||**Investments held at**||**5 April 2021**|
|**Bonds/Other**|||**Market**|||**Cost/**||**2020**|**Cost/**|||**2020**|**Market**|**Unrealised**|
|**UK**|**Holding**|**Cost**|**value**|**Date**|**Holding **|**(proceeds)**|**Cost**|**value ***|**(proceeds)**|**Holding**|**Cost**|**value ***|**value**|**profit/(loss)**|
|||**£**|**£**|||**£**|**£**|**£**|||**£**|**£**|**£**|**£**|
|Schroder Strategic Credit Fund|||||||||||||||
|C Class Dis|730.47|75,138|63,185|Mar 12|(230.47)|(22,657)|(1,050)|2,722|(22,657.41)|500|51,431|43,250|49,354|6,104|
|Schroder Sterling Corporate|||||||||||||||
|Class S Income|50,875|30,591|27,432||||||||||||
|Equalisation||||May 27||(100)|||(100.33)|50,875|30,491|27,332|32,031|4,699|
|**Emerging Markets**|||||||||||||||
|Ishares IV China|||||||||||||||
|CNY Bond ETF||||Sep 23|3,607|14,635|||14,634.51|3,607|14,635|14,635|13,960|(675)|
|**North America**|||||||||||||||
|CG Portfolio Fund|||||||||||||||
|The Dollar D GBP|531|42,563|53,778|Aug 5|(531)|(56,890)|14,327|3,112|(56,890.36)||||||
|Lyxor US Tips ETF|||||||||||||||
|Distribution units|225.00|22,563|24,154|Aug 4|500|55,599|||55,599.30||||||
|||||Mar 10|(200)|(22,151)|589|150|(22,150.92)|525|56,600|57,752|58,262|510|
|||170,855|168,549|||(31,564)|13,866|5,984|(31,565.21)||153,157|142,969|153,607|10,638|
* = adjusted, if necessary, for the cost of subsequent additions.
Page 16
**The Antony Hornby Charitable Trust**
## **Schedule of investment income receivable For the year ended 5 April 2021**
|||||**Paid**|
|---|---|---|---|---|
|**Equities**|**Holding**|**Date**||**Gross**|
|||||**£**|
|Atlas Global Infrastructure Fund|||||
|B unhedged|185|Jul|15|180|
||185|Jan|11|450|
|BlackRock Asian Dragon Fund|1,660|Sep|7|386|
|Excess reportable income|1,660|Feb|28|3|
|The Equity Income Trust for|209,000|May|29|1,153|
|Charities Income units|209,000|Aug|28|1,150|
||209,000|Nov|30|1,248|
||209,000|Feb|26|522|
|Fidelity Global Dividend Fund|||||
|Class W Income|30,000|Apr|17|149|
||30,000|Jul|27|721|
||50,000|Oct|19|165|
||50,000|Jan|18|595|
|HICL Infrastructure Company|25,500|Jun|30|528|
||25,500|Sep|30|525|
||25,500|Dec|31|525|
||25,500|Mar|31|525|
|JO Hambro CMUK|84,050|May|29|902|
|UK Equity Inc|84,050|Aug|28|633|
||84,050|Nov|28|716|
||49,000|Feb|26|356|
|M&G Investment Man|48,263.9200|May|29|1,360|
|Global Dividend I Inc|111,927.0410|Aug|29|804|
||111,927.0410|Nov|30|810|
||111,927.0410|Feb|26|807|
|Polar Global Insurance Fund|||||
|Class E|4,100|Jan|29|37|
Page 17
**The Antony Hornby Charitable Trust**
## **Schedule of investment income receivable For the year ended 5 April 2021**
||||||**Paid**|
|---|---|---|---|---|---|
|**Equities**||**Holding**|**Date**||**Gross**|
|Property Income Trust for Charities||59,151.10|Apr|30|185|
|||59,151.10|May|29|143|
|||59,151.10|Jun|30|171|
|||59,151.10|Jul|31|154|
|||59,151.10|Aug|28|165|
|||59,151.10|Sep|30|166|
|||59,151.10|Oct|30|164|
|||59,151.10|Nov|30|190|
|||59,151.10|Dec|30|178|
|||59,151.10|Jan|28|190|
|||59,151.10|Feb|26|185|
|||59,151.10|Mar|31|170|
|Robeco Global Premium Equities||||||
|Distribution shares||400|Dec|23|220|
|||400|Mar|23|236|
|Schroder Asian Income Fund||83,268|Sep|15|1,197|
|||83,268|Mar|15|1,019|
|Schroder European Alpha||79,591|May|29|143|
|Income Fund C Inc||||||
|Trojan Income Fund||||||
|Class S Income||87,000|Sep|30|1,809|
||*|87,000|Mar|31|2,497|
|Trojan Fund||||||
|S class shares||43,610|Sep|30|404|
|||43,610|Mar|31|216|
|Vanguard Japan Stock||||||
|Index Fund||130|Jan|14|388|
Page 18
**The Antony Hornby Charitable Trust**
## **Schedule of investment income receivable For the year ended 5 April 2021**
|**Equities**
**Holding**
**Date**
Vanguard FTSE 100
3,660
Apr
8
3,660
Jun 24
Excess reportable income
3,660
Dec 31
Vanguard S+P 500
1,000
Apr
8
1,000
Jun 24
1,000
Oct
7
1,000
Dec 31
Excess reportable income
1,000
Dec 31
2,325
Mar 31|**Paid**
**Gross**
1,383
368
42
233
155
193
157
29
404|
|---|---|
||28,404|
Page 19
**The Antony Hornby Charitable Trust**
## **Schedule of investment income receivable For the year ended 5 April 2021**
|**Bonds**
**Holding**
Lyxor US Tips ETF
225
Jul
13
iShares China CNY Bond
UCITS
3,607.00
Dec 23
Schroder Strategic Credit Fund
730.47
Jul
7
C Class Dis
730.47
Jan
7
Schroder Sterling Corporate
50,875
May 29
Class S Income
Aug 28
Nov 30
Feb 26
**Date**|**Paid**
**Gross**
**£**
126
182
1,514
1,449
172
286
296
318|
|---|---|
||4,343|
Page 20