| Page | |||
|---|---|---|---|
| General information |
|||
| Trustees' report | |||
| Statement of | Trustees' | responsibilities | |
| Independent | examiner's | report | |
| Stacement of | financial activities | ||
| Balance sheet | |||
| Notes to the | financial statements |
| Settlor | C L Loyd | ||||
|---|---|---|---|---|---|
| Date ofsettlement | 6 November | l972 | under deed | ||
| Registered | number | 265076 | |||
| Trustees | TC Loyd | ||||
| Mrs A C Loyd | |||||
| Independentexaminer | G PSmya-Rumsby | ACA CTA | |||
| Dixon Wilson | |||||
| 22 Chancery | Lane | ||||
| London | |||||
| WC2A ILS |
|||||
| Investment | manager | Rathbone Investment |
Management | ||
| 8 Finsbury Circus | |||||
| London | |||||
| EC2M 7AZ | |||||
| Hon Secretary and principal ofgce | TC Loyd | ||||
| Lockinge Estate C¹ia | |||||
| Ardington | |||||
| Wantage | |||||
| Oxen | |||||
| OXI2 8PP | |||||
| Bankers | Coutts 8Co | ||||
| 440 Strand | |||||
| London | |||||
| WC2R OQS |
| Expendable | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | |||
| Note | funds | funds | 2022 | 2021 | ||
| 6 | 6 | |||||
| Income and endowments | from: | |||||
| Investments | 57,583 | 57,583 | 62,791 | |||
| Total income and endowments | 57,583 | 57,583 | 62,791 | |||
| Expenditure on: |
||||||
| Raising funds | 15,017 | 15,017 | I3,093 | |||
| Charitable activities |
52,380 | 52,380 | 87,l32 | |||
| Total expenditure | 52,380 | 15,017 | 67,397 | 100,225 | ||
| Gains on investments | 94,448 | 94,448 | 768,793 | |||
| Net income | 5,203 | 79,431 | 84,634 | 731,359 | ||
| Net movement in funds |
5,203 | 79,431 | 84,634 | 731,359 | ||
| Reconciliation offunds: | ||||||
| Total funds brought forward | at 6April | 2021 | 52,631 | 3,435,613 | 3,488,244 | 2,756,885 |
| Total funds carried forward at | ||||||
| SAprg 2022 (page 7) | 57,834 | 3,515,044 | 3,572,878 | 3,488,244 |
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Fixed assets | |||||
| Investments | 6 | 3,444,185 | 3,355,5I5 | ||
| Current assets | |||||
| Debtors | 7 | 498 | 258 | ||
| Cash at bank | and in hand | 10 | 135,353 | 139,612 | |
| 135851 | 139,870 | ||||
| Creditors: amounts | falling due within one year | (7, 158) | (7,14I) | ||
| Net current | assets | 128,693 | I32,729 | ||
| Total assets | less current liabilities | 3,572,878 | |||
| Trust Funds | (page 6) | ||||
| Unrestricted | funds | 57.834 | 52,631 | ||
| Expendable Endowment |
funds | 3.515,044 | 3,435,613 | ||
| Total charity funds | 3,572,878 | 3,488,244 |
| 2. Prior period Bnancial activities by fund |
2. Prior period Bnancial activities by fund |
2. Prior period Bnancial activities by fund |
Expendable | ||
|---|---|---|---|---|---|
| Unrestricted | endowment | ||||
| funds | funds | Total | |||
| 6 | 6 | ||||
| Income and endowments | From: | ||||
| Investments | 62,791 | 62,791 | |||
| Total income and endowments | 62,791 | 62,791 | |||
| Expenditure on: |
|||||
| Raising funds | 13,093 | 13,093 | |||
| Charitable activities |
87,132 | 87,132 | |||
| Total expenditure | 87,132 | 13,093 | 100,225 | ||
| Gains on investments | 768,793 | 768,793 | |||
| Net expenditure | (24,341) | 755,700 | 731,359 | ||
| Net movement in funds |
(24,341) | 755,700 | 731,359 | ||
| Reconciliation offunds: | |||||
| Total funds brought forward | at 6April 2020 | 76,972 | 2,679,913 | 2,756,885 | |
| Total funds carried | forward at 5April 2021 | 52,631 | 3,435,6 13 | 3,488,244 | |
| 3. Investment income |
2022 | 2021 | |||
| 6 | 6 | ||||
| Investment income |
comprises: | ||||
| Income from securities | listed | on the London Stock Exchange | 48,402 | 52,160 | |
| Income from securities | listed | on other exchanges | 9,180 | I0631 | |
| Interest on cash deposits | I | ||||
| 57,583 | 62,791 |
| Donations and grants (nots 5) |
Donations and grants (nots 5) |
Donations and grants (nots 5) |
49,295 | e4,Ioo |
|---|---|---|---|---|
| Accountancy | fee | 1,795 | 1,740 | |
| Independent | examination | fee | 800 | eoo |
| Bank charges | 490 | 492 | ||
| 52,380 | 87,I32 |
| 5. Charitable institutions |
5. Charitable institutions |
5. Charitable institutions |
receiving grants | 2022 | 2021 |
|---|---|---|---|---|---|
| 6 | |||||
| Arthur Rank Hospice |
95 | ||||
| Country Buildings Protection Trust |
20,000 | 40,000 | |||
| Ebony Horse Club | /00 | ||||
| Farms not Factories | 2,000 | ||||
| Fawley PCC | 5,000 | ||||
| Grange Festival |
5,200 | 5,000 | |||
| Great Western Hospital |
NHS Foundation | 2,000 | |||
| Grove Parochial Church | Council | 2,000 | 2,000 | ||
| Grow | 2,000 | ||||
| Mobility Trust | 10,000 | /0,000 | |||
| National Association |
/,000 | ||||
| Oxfordshire Historic Churches Trust |
/,000 | ||||
| Parkinsons. me | 4,000 | 4,000 | |||
| Samaritans | /,000 | ||||
| The Back-Up Trust | 2,000 | ||||
| The Charlie Wailer Memorial Trust | 1,000 | ||||
| The Earth Trust | 1,000 | ||||
| The Ray Collins Charitable | Trust | 4,000 | |||
| The Tate Foundation | 2,000 | 2,000 | |||
| The Watermill Theatre |
2,000 | ||||
| Ufton Court Educational | Trust | /,000 | |||
| Wantage Care | 2,000 | ||||
| 49,295 | 84,/00 | ||||
| 6. Investments |
|||||
| Market value at 6April | 2021 | 3,355,515 | 2.577,080 | ||
| Additions | 908,757 | 970,542 | |||
| Disposals | (914,535) | (960,900) | |||
| Net gains | 768,793 | ||||
| Market value at 5 April | 2022 | 3,444,185 | 3,355,5/5 |
| Investm | ents | are held in | the followi | ng cate |
gories ofsecurities: | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| « | « | ||||||||
| Quoted | |||||||||
| Overseas | eqmties | i.506,888 | I,702.423 | ||||||
| Overseas fixed interest | 80,236 | 96,976 | |||||||
| UK equities | and unit trusts | 1,727,769 | I,227,985 | ||||||
| UK fixed interest | 129,292 | 328,131 | |||||||
| 3,444,185 | 3,355,5 I5 | ||||||||
| The historical cost of investments | at 5 April 2022 was «3,030,656 (2021 | - «2,862,985). | |||||||
| The following securities | each made up more than 5Softhe total value of investments in |
the stated years. | |||||||
| Security | Shares held | Value | Portfolio | ||||||
| No. | |||||||||
| 2022 | ighares Pic | S8P500 | 6,300 | 218,138 | 6.3 | ||||
| JP Morgan | US Equity | Income | K Fund | 140,000 | 212,800 | 62 | |||
| Link Fund Solutions Trojan S | Income Fund | 79,000 | 253,756 | 7.4 | |||||
| Fundsmith | LLV hquity | I Income Fund | 32,000 | i78,45i | 52 | ||||
| 2021 | iShares Pic | S&P500 | 6,300 | 181,684 | 5.4 | ||||
| JP Morgan | US Equity | Income | K Fund | 140,000 | 181,440 | 5.4 | |||
| Baillie Gitford &Co Ltd Positive Change 8 Inc | 56,000 | 191,688 | 5.7 | ||||||
| Scotosh Mioitgsge Investment |
Trust | 16,000 | i86,240 | 5.6 | |||||
| Link Fund Solutions Trojan S | Income Fund | 79,000 | 225.711 | 6.7 | |||||
| 7. | Debtors | 2022 | 2021 | ||||||
| 6 | « | ||||||||
| Prepayments | and accrued income | 498 | 258 | ||||||
| 8. | Creditors: amounts falling due within one year |
2022 | 2021 | ||||||
| « | |||||||||
| Accountancy | and independent examination fees |
3,658 | 3,641 | ||||||
| Investment | management | fee accrual | 3,500 | 3,500 | |||||
| 7,158 | 7,14I |
| 9. Trust Funds |
9. Trust Funds |
|||||
|---|---|---|---|---|---|---|
| Movement | in Trust | Funds | Net incomingl | |||
| Balance at | (outgoing) | Gains and | Balance at | |||
| 6April 2021 6 |
resources | losses f |
5April 2022 6 |
|||
| Unrestricted | funds | 52,631 | 5,203 | 57,834 | ||
| Expendable | Endowment | funds | 3,435,613 | (15,017) | 94,448 | 3,515,044 |
| 3,488,244 | (9,814) | 3,572,878 | ||||
| Expendable | ||||||
| Unrestricted | Endowment | Total at | ||||
| funds | funds | 5April 2022 | ||||
| Analysis ofTrust Funds | 6 | 6 | ||||
| Fixed asset | investments | 3,444,185 | 3,444,185 | |||
| Net current | assets | 57,834 | 70,859 | 128,693 | ||
| 57,834 | 3,515,044 | 3,572,878 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Financial assets | 6 | |||||
| Cash at bank and | in hand | 135,353 | 139,612 | |||
| 135,353 | 139,612 | |||||
| Financial liabilities | ||||||
| Accountancy and |
independent | examination | fees | 3,658 | 3,641 | |
| Investment management |
fee | accrual | 3,500 | 3,500 | ||
| 7,158 | 7,141 |
| Financial assets | Financial assets | ||
|---|---|---|---|
| Quoted | investments | 3,444,185 | 3,355,515 |
| 3,444,185 | 3,355,515 |