2022-03-31-accounts - Lord Clinton's Charitable Trust

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Lord Clinton's Charitable Trust Annual Report Year ended 31 March 2022 Registered Charity Number". 268061

Trustees		The Hon Charles Fane Trefusis	The Hon Charles Fane Trefusis
		Mr J CVarleyOBE	TD
Charity number		268061
Principal address		Clinton Devon Estates
		The Rolle Estate Office
		Bicton Arena
		East Budleigh
		Budleigh Salterton
		Devon EX97BL
Independent	examiner	Neil Hitchings FCA
		Francis Clark LLP
		Centenary House
		Peninsula Park, Rydon Lane
		Exeter EX27XE
Investment	managers	Sarasin 8 Partners	LLP
		Juxon House
		100St Paul's Churchyard
		London EC4M SBU
Solicitors		Forsters LLP
		31 Hill Street
		London W1J 5LS

Year ended 31 March 20	22
		Note	Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	Funds	Funds
						2022	2021
			E	f	E		F
Income and endowments
Donations and legacies				5,000		5,000	5,000
Investment income			21,639			21,639	22,856
Management fee rebate			512			512	405
Total income			22,151	5,000		27,151	28,261
Expenditure
Expenditure on charitable	activities
Grants payable in furtherance
ofthe charity's objects		10	23,200	1,320		24,520	19,025
Total expenditure			23,200	1,320		24,520	19,025
Net gains on investments					8,116	8,116	131,037
Net (expenditure)/income	and
movement in funds			(1,049)	3,680	8,116	10,747	140,273
Reconciliation offunds:
Total funds brought forward			41,959	16,568	824,450	882,977	742,704
Total funds carried forward			40,910	20,248	832,566	893,724	882,977

Income and endowments	Income and endowments
				2022	2021
Investment	income			E
Income from:
UK investments listed on a recognised			Stock Exchange (net ofequalisation)	21,631	22,842
Cash held	as part ofthe investment	portfolio		8	14
				21,639	22,856
Donations	and legacies
Donations	received from related parties			5,000	5,000

Statement of prior year f	inancia	l activity (	for the year ended 3	1 INarch 202	1)
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
Income and endowments
Donations and legacies				5,000		5,000
Investment income			22,856			22,856
Management fee rebate			405			405
Total income			23,261	5,000		28,261
Expenditure
Expenditure on charitable	activities
Grants payable in furtherance		ofthe
charity's objects			19,025			19,025
Total expenditure			19,025			19,025
Net gains on investments					131,037	131,037
Net income and
movement in funds			4,236	5,000	131,037	140,273
Reconciliation offunds:
Total funds brought forward			37723	11,568	693,413	742,704
Total funds carried forward			41,959	16,568	824,450	882,977

Fixed asset investments
						2022	2021
							F
UK investments listed on a reco	nised stock exchan			e
26,000 Sarasin Global Higher Dividend		(Sterling		Hedged) - Xlnc		48,130	45,568
20,100 Sarasin Thematic Global Equity		(Sterling		Hedged)	- Xlnc	49,996	48,862
50,000 Sarasin Climate Active Endowments			Fund - A Inc			62,224	60,730
149,700 Sarasin Income &Reserves Fund -			A lnc			163,011	170,333
400,000 Sarasin Endowments	Fund - A	Inc				487,306	477,058
						810,667	802,551
Cash held as part of investment	portfolio					7,641	7,129
Total investments at 31 March	2022					818,308	809,680
				Listed	Cash	2022	2021
Reconciliation		Investments			at Broker	Total	Total
Market value at 1 April 2021			802,551		7,129	809,680	678,238
Disposal
Additions to investments at cost
Equalis ation
Management fee rebate					512	512	405
Net gain on revaluation at
31 March 2022				8,116		8,116	131,037
Market value at 31 March 2022			810,667		7,641	818,308	809,680

			Balance at	Income	Expenditure	Balance at
			1 April 2021			31 March 2022
			E		E
Kingfisher Fund			5,000	2,500		7,500
Huish Church	Fund		1,807			1,807
Wider Huish Area Fund (formerly		Bridge Fund)	4,761		(1,320)	3,441
Otterton Fund			5,000	2,500		7,500
			16,568	5,000	(1,320)	20,248

		Unrestricted	Restricted	Endowment	Total
		Funds f	Funds E	Funds	2022f
Fund balances at 31 March 2022 are
represented	by:
Fixed assets				818,308	818,308
Net current assets		40,910	20,248	14,258	75,416
		40,910	20,248	832,566	893,724

Unrestricted funds continued
			Individuals	f	Institutions f	Total 2022 f	Total 2021 f
Local (continued)
Local Community
Knowle Village Hall					900	900
East Budleigh with Bicton PC					1,320	1,320
Devon Historic Churches Trust					1,000	1,000
St Mary Magdalene Church					500	500
StSampsons Church					500	500
Open Door, Exmouth					500	500
					4,720	4,720
Parish councils
Bicton Parish Recreation rooms							700
Budleigh Salterton Relief in Need							2,000
Vicars Christmas Fund - East	Budleigh 8 Otterton				600	600	600
Vicars Christmas Fund - Newton		Poppleford			800	800	800
Newton Poppleford 8 Harpford	PC						500
					1,4QO	1,400	4,600
Young people
Mill Water School							5,250
Woodbury Salterton Primary School							500
Woodbury Primary School							895
Littleham Primary School							1,100
St Peters Primary School							1,450
St Christophers School					500	500	2,000
Beer Primary School							1,250
Link Academy Trust (Otterton	Primary School)				200	200
The Henry Plumb Foundation					500	50Q
Whimple Primary School					100	100
Moretonhampstead Swimming	Pool Trust				500	500
Exmouth Sea Cadets					100	100
Dartmoor Multi Academy Trust					200	200
Bude Refugee Support Group					250	250
					2,350	2,350	12,445
Other
Lions Club of Budleigh Salterton					100	100	100
JTCockram - Christmas Trees					430	430	280
South West Heritage Trust					100	100
					630	630	380
Total Local					10,400	10,400	18725

Unrestricted funds	continued
			Individuals		Institutions	Total 2022	Total 2021
				E	K
National and International
British Armed Forces
The Royal British Legion Poppy		Appeal			300	300	300
Royal Marines Charity					2,000	2,000
					2,300	2,300	300
Disaster Relief
British Red Cross					10,000	10,000
					10,000	10,000
Other
Game &Wildlife Conservation		Trust			500	500
					500	500
Total National and International					12,800	12,800	300
Total Unrestricted	funds				23,200	23,200	19,025
Restricted funds