Page |
|
|---|---|
| ReferenceandAdministrativeInformation | 1 |
| Trustees'AnnualReport | 2-3 |
| IndependentExaminer'sReport | 4 |
| StatementofFinancialActivities | 5 |
| BalanceSheet | 6 |
| NotestotheAccounts: | |
| 1.AccountingPolicies | 7 |
| 2.RentalIncomeandExpenses | 8 |
| 3.QuotedInvestmentIncome | 9 |
| 4.GrantsPayable | 9-10 |
| 5.GovernanceCosts | 11 |
| 6.InvestmentProperties | 11 |
| 7.Cash | 12 |
| 8.Debtors | 12 |
| 9.Creditors:AmountsFallingDueWithinOneYear | 12 |
| 10.ScheduleofInvestments-QuitterCheviotAccount | 13-20 |
Ind•pgnd•nt Examln•rf¥ R•wt 2022. The chariws trustees #ro reSP$bIe for the prep8rats.on cl the &x04wts. I88s CA)ns#lar that thosa accounts do IKJI an a111 181 144 cl the Chw¥os knt 2011. It is my respOrwbty lo.. . èxamine thè accounts WKler 8&Xion 145 of thè Cholilios 14515Xbl Chariiles Adl aThJ My examinati was carried out in accrydwth ilh tho gwal dS gi¥en by the Ch¥tty Commission. An examination I1[leS a revi crf the re¢tyts kept by the drity and a items or disclosurps in the ac£ount5. aTrJ seekry explanati$ frrxn the ITu5t885 e(YwrarYJ any sh matters. preLeS undwtsken do r¥A provklè all the evide ihat T+1k1 b8 rw4uirnd in an 8udlt. and Consequer is 9Nen as to tAthelher Ihe a(xThffits prwnt a In aThJ farf vivw. Independ•nt Ex•mln•rfs Ststembnt {1) vknith gives mo reasorAble cause to bdieve thaL in any motwial res the reqiir8meth: . to keep rwds in accordarK ilh 130 01 ts (knth5 Ad 121 lo vknieh. in my op1r1n. att8nlbJn dr•an Ai ord•r to ena14e a of unts to r¢a¢ Near Slrwj GL6 gHD 0810
Note |
2022 |
2021 |
|
|---|---|---|---|
| £ | £ | ||
| Fixedassets | |||
| Investmentproperties | 6 | 620,000 | 620,000 |
| Investments-QuitterCheviotaccount | 10 | 619,512 | 617,915 |
| 1,239,512 | 1,237,915 | ||
| Currentassets | |||
| Cash | 7 | 48,620 | 36,186 |
| Debtors | 8 | 13,487 | 24,299 |
| 62,107 | 60,485 | ||
| Totalassets | 1,301,619 | 1,298,400 | |
| Creditors:amountsfallingduewithinoneyear | 9 | (30,125) | (29,174) |
| Netassets | 1,271,494 | 1,269,226 | |
| Representing: | |||
| Incomefund | |||
| Capitalfunds: | |||
| Mainfund | 442,318 | 472,457 | |
| Revaluationreserve | 829,176 | 796,769 | |
| Totalfunds | 1,271,494 | 1,269,226 |
Page |
2022 |
2021 |
||
|---|---|---|---|---|
| £ | £ | |||
| 2, | RentalIncomeandExpenses |
|||
| (a)Summary | ||||
| Rentalandotherincome | ||||
| 50%sharein1/1AQueen'sCircus,Cheltenham | 25,629 | 15,847 | ||
| 70%sharein12MontpellierArcade,Cheltenham | 19,900 | 7,098 | ||
| 5 | 45,529 | 22,945 | ||
| Rentalexpenses | ||||
| JohnRydemanagementfees | 2,582 | 488 | ||
| Otherexpenses | 7,317 | 4,291 | ||
| Dilapidations | 11,860 | - | ||
| 5 | 21,759 | 4.779 | ||
| Totalnetrentalincome | 23,770 | 18,166 | ||
| (b)Analysisbyproperty | ||||
| 50%sharein1/1AQueen'sCircus,Cheltenham | ||||
| Income | ||||
| Rentalincome | 25,629 | 15,847 | ||
| Lessrentalexpenses: | ||||
| JohnRydemanagementfees | (953) | (408) | ||
| Repairs | (2,346) | (375) | ||
| Netrentalincome | ||||
| 70%sharein12MontpellierArcade,Cheltenham | ||||
| Rentalincome | 19,900 | 7,098 | ||
| Lessrentalexpenses | ||||
| JohnRydemanagementfees | (1,629) | (80) | ||
| Expenses/costs | (4,971) | (3,916) | ||
| Dilapidations | (11,860) | - | ||
| Netrentalincome | ||||
| Totalnetrentalincome | 23,770 | 18,166 |
Page |
2022 |
2021 |
||
|---|---|---|---|---|
| £ | £ | |||
| 3, | QuotedInvestmentIncome | |||
| QuitterCheviotaccount | ||||
| UKinterest | 1,062 | 2,087 | ||
| UKdividends | 7,386 | 7,279 | ||
| Overseasinterest | 1,064 | 881 | ||
| Overseasdividends | 1,643 | 2,388 | ||
| 5 | 11,155 | 12,635 | ||
| 4. | GrantsPayable | |||
| CheltenhamFestivals | 14,000 | 14,000 | ||
| ClassicFM | 4,000 | 6,000 | ||
| CreativeYouthNetwork | - | 1,000 | ||
| GloucesterHistoryTrust | 1,000 | 1,000 | ||
| MusicVenueTrust | - | 3,000 | ||
| RadioWinchcombe | 1,000 | 6,000 | ||
| WinchcombeMuseum | 500 | - | ||
| LeckhamptonCourt,Hospice | 1,000 | - | ||
| RapeCrisis | 400 | - | ||
| Grantspayablesubtotal | 10 | 21,900 | 31,000 |
Page |
2022 |
2021 |
|
|---|---|---|---|
| £ | £ | ||
| 5. | GovernanceCosts | ||
| Michelmoresfees | 19,987 | 14,963 | |
| Independentexaminationfees | 450 | 450 | |
| Accountancyfees | 2,400 | - | |
| 5 | 22,837 | 15,413 | |
| Notrusteereceivedanyremunerationduringtheyear(2021:Nil). |
| InvestmentProperties | |||
|---|---|---|---|
| 50%sharein1/1AQueen'sCircus,Cheltenham | |||
| Investmentvaluebroughtforward | 357,500 | 357,500 | |
| Gainonrevaluation(note1(d)) | 5 |
- |
|
| Fairvalueat5April | 357,500 | ||
| 70%sharein12MontpellierArcade,Cheltenham | |||
| Investmentvaluebroughtforward | 262,500 | 262,500 | |
| Lossonrevaluation(note1(d)) | 5 |
- |
|
| Fairvalueat5April | |||
| Totalfairvalueat5April | 6 | 620,000 | 620,000 |
Page |
2022 |
2021 |
||
|---|---|---|---|---|
| £ | £ | |||
| 7. | Cash | |||
| Accountsasfollows: | ||||
| QuitterCheviotIncome | 78 | 43 | ||
| QuitterCheviotCapital | 10,836 | 16,883 | ||
| NatWest | 1,545 | 1,470 | ||
| MichelmoresClient | 17,353 | 3,878 | ||
| Rentaldeposit | 1,875 | 1,875 | ||
| JohnRyde-moniesretained | 16,933 | 12,037 | ||
| 6 | 48,620 | 36,186 | ||
| 8. | Debtors | |||
| Accruedinvestmentincome | 2,427 | 1,671 | ||
| Rentowedfromtenants | 3,500 | 19,698 | ||
| Reimbursementduefortenantcostsborne | - |
1,644 |
||
| Prepaidexpenses | - |
548 |
||
| OwedfromQuitterCheviot-PaymentafterY/E | - |
738 |
||
| Dilapidationsowedfromtenants | 7,560 | - | ||
| 6 | 13,487 | 24,299 | ||
| 9. | Creditors:AmountsFallingDueWithinOneYear | |||
| Grantspayable(seebelow) | 14,000 | 14,000 | ||
| Rentaldepositheld | 1,875 | 1,875 | ||
| Deferredrentalincome | 6,029 | 6,695 | ||
| JohnRydemanagementfees | 39 | 1,135 | ||
| Quittersfees | 1,832 | 1,698 | ||
| Michelmoresfees | 4,980 | 2,251 | ||
| Independentexaminationfees | 900 | 1,050 | ||
| FundsowedtotheOrlandoOldhamWillTrust | 470 | 470 | ||
| 6 | 30,125 | 29,174 |
| At6Aril2021 | At6Aril2021 | Acuisitions/Disosals | Acuisitions/Disosals | At5Aril2022 | At5Aril2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Description | Nominal Holding |
Market Value£ |
Date | Nominal Holding |
Acquisitions/ Retained Income£ |
Disposals£ | Gains/ (Losses) £ |
Nominal Holding |
Market Value£ |
| AshteadGroup | 75 | 3,355 | 05/08/2021 | (16) | (852.16) | ||||
| 07/10/2021 | (9) | (503.64) | 347 | 50 | 2,346 | ||||
| AssociatedBritishFoods | 150 | 3,677 | (1,212) | 150 | 2,465 | ||||
| AssuraPlcordGBP0.10 | - | - | 09/12/2021 | 8,059 | 5,622 | ||||
| 10/12/2021 | 5,941 | 4,151 | (162) | 14,000 | 9,611 | ||||
| AstraZeneca | 140 | 10,041 | 07/10/2021 | (45) | (3,953) | 3,729 | 95 | 9,817 | |
| AvevaGroup | 151 | 5,291 | (1,540) | 151 | 3,751 | ||||
| BaillieGifford | 13,650 | 21,021 | 08/10/2021 | (2,890) | (4,349) | (1,361) | 10,760 | 15,311 | |
| BarclaysPlcordGBP0.2: | 0 | 0 | 07/10/2021 | 1,400 | 2,704 | (646) | 1,400 | 2058 | |
| BlackrockContinental | 12,500 | 21,813 | 30/04/2021 | - | (6) | ||||
| 03/09/2021 | (2,000) | (3,818) | |||||||
| 08/10/2021 | 1,250 | 2,246 | |||||||
| 31/01/2022 | - | (5) | 771 | 11,750 | 21,002 | ||||
| BritishAmericanTobaccc | - | - | 07/10/2021 | 160 | 4,063 | 1,103 | 160 | 5,166 |
| At6Aril2021 | At6Aril2021 | Acuisitions/Disosals | Acuisitions/Disosals | At5Aril2022 | At5Aril2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Description | Nominal Holding |
Market Value£ |
Date | Nominal Holding |
Acquisitions/ Retained Income£ |
Disposals£ | Gains/ (Losses) £ |
Nominal Holding |
Market Value£ |
| BHPGroupPlcordUSD( | - | - | 07/10/2021 | 290 | 5,473 | ||||
| 10/01/2022 | (290) | (6,577) | 1,105 | - | - | ||||
| BM0Propery | 1,350 | 13,047 | 01/07/2021 | (1,350) | (13,754) | 707 | - | - | |
| BM0PropertyQDis | - | - | 01/07/2021 | 1,259 | 13,754 | ||||
| 08/10/2021 | (109) | (1,222) | 1,304 | 1,150 | 13,836 | ||||
| BP | 1,900 | 5,506 | 07/10/2021 | (675) | (2,326) | ||||
| 28/01/2022 | (270) | (1,039) | 1,515 | 955 | 3,657 | ||||
| ChyrsalisInv | - | - | 27/01/2022 | 3,370 | 6,290 | (318) | 3,370 | 5,972 | |
| CompassGroup | 235 | 3,513 | 07/10/2021 | (50) | (747) | 280 | 185 | 3,046 | |
| CRHOrdEUR | 110 | 3,680 | 07/10/2021 | (30) | (1,043) | ||||
| 07/12/2021 | (80) | (3,104) | 468 | - | - | ||||
| Diageo | 200 | 6,014 | 1,945 | 200 | 7,959 | ||||
| EquityTrusteesFund | 20,175 | 22,051 | 30/04/2021 | - | (73) |
| At6Aril2021 | At6Aril2021 | Acuisitions/Disosals | Acuisitions/Disosals | At5Aril2022 | At5Aril2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Description | Nominal Holding |
Market Value£ |
Date | Nominal Holding |
Acquisitions/ Retained Income£ |
Disposals£ | Gains/ (Losses) £ |
Nominal Holding |
Market Value£ |
| 03/09/2021 | (3,675) | (4,495) | |||||||
| 08/10/2021 | 1,300 | 1,541 | 842 | 17,800 | 19,865 | ||||
| Experian | 115 | 2,928 | 07/10/2021 | (25) | (770) | 503 | 90 | 2,661 | |
| FidelityFunds | - | - | 08/10/2021 | 10,500 | 14,301 | 53 | 10,500 | 14,354 | |
| GlaxoSmithKline | 450 | 5,749 | 07/10/2021 | (150) | (2,087) | ||||
| 28/01/2022 | (70) | (1,165) | 1,421 | 230 | 3,919 | ||||
| Halma | 140 | 3,413 | 07/10/2021 | (40) | (1,100) | 265 | 100 | 2,578 | |
| HarvbourvestGlobal | - | - | 30/07/2021 | 295 | 6,642 | 1,058 | 295 | 7,700 | |
| HendersonIAcc | 12,183 | 13,048 | 08/10/2021 | (483) | (526) | 44 | 11,700 | 12,566 | |
| HendersonUKSmaller | 700 | 8,421 | 31/08/2021 | 44 | |||||
| 08/10/2021 | (215) | (2,840) | 25 | 485 | 5,650 | ||||
| HGCapital | - | - | 29/07/2021 | 1,645 | 6,625 | 481 | 1,645 | 7,106 | |
| HSBCHoldings | 1,400 | 5,925 | 07/10/2021 | (750) | (3,139) |
| At6Aril2021 | At6Aril2021 | Acuisitions/Disosals | Acuisitions/Disosals | At5Aril2022 | At5Aril2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Description | Nominal Holding |
Market Value£ |
Date | Nominal Holding |
Acquisitions/ Retained Income£ |
Disposals£ | Gains/ (Losses) £ |
Nominal Holding |
Market Value£ |
| 28/01/2022 | (170) | (899) | 646 | 480 | 2,533 | ||||
| IntermediateCapital | 240 | 4,552 | 07/10/2021 | (110) | (2,300) | 95 | 130 | 2,347 | |
| InvescoPhysicalMarken | 95 | 11,493 | 07/04/2021 | (95) | (11,566) | 73 | - | - | |
| IsharesS&P500 | 1,700 | 49,026 | 07/10/2021 | 260 | 8,381 | 10,458 | 1,960 | 67,865 | |
| JacksonFinancial | - | - | 13/09/2021 | 9 | 183 | ||||
| 15/09/2021 | (9) | (167) | (17) | - | - | ||||
| JDSportsFashion | 485 | 4,123 | 07/10/2021 | (220) | (2,289) | ||||
| 30/11/2021 | (265) | (1,712) | (122) | - | - | ||||
| JDSportsFashion | - | - | 00/01/1900 | 1,325 | 1,712 | 327 | 1,325 | 2,039 | |
| JPMorganAmerican | 6,000 | 36,420 | 9,900 | 6,000 | 46,320 | ||||
| JPMorganEmerging | 2,900 | 38,280 | 30/04/2021 | 110 | |||||
| 08/10/2021 | (1,100) | (14,080) | (4,636) | 1,800 | 19,674 | ||||
| LancashireHldgs | - | - | 09/04/2021 | 470 | 3,084 | (1,056) | 470 | 2,028 |
| At6Aril2021 | At6Aril2021 | Acuisitions/Disosals | Acuisitions/Disosals | At5Aril2022 | At5Aril2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Description | Nominal Holding |
Market Value£ |
Date | Nominal Holding |
Acquisitions/ Retained Income£ |
Disposals£ | Gains/ (Losses) £ |
Nominal Holding |
Market Value£ |
| Legal&General | 1,350 | 3,827 | 07/10/2021 | (400) | (1,136) | (100) | 950 | 2,591 | |
| LloydsBankingGroup | 10,000 | 4,277 | 354 | 10,000 | 4,631 | ||||
| LondonStockExchange | 47 | 3,400 | 07/10/2021 | (11) | (824) | 434 | 36 | 3,010 | |
| M&GOptimal | |||||||||
| 25,670 | 26,403 | (1,557) | 25,670 | 24,846 | |||||
| M&GPlc | 1,675 | 3,507 | 07/10/2021 | (310) | (620) | ||||
| 11/02/2022 | (1,365) | (2,941) | 54 | - | - | ||||
| MatthewsAsianEx-Japai | 1,155 | 16,840 | 04/08/2021 | (275) | (4,131) | ||||
| 08/10/2021 | (110) | (1,603) | (581) | 770 | 10,526 | ||||
| MLCapitalAsset | 134 | 14,196 | 11/10/2021 | (17) | (1,904) | 262 | 116 | 12,554 | |
| NationalGrid | 340 | 2,936 | 1,181 | 340 | 4,117 | ||||
| OcadoGroup | 125 | 2,615 | (1,076) | 125 | 1,539 |
| At6Aril2021 | At6Aril2021 | Acuisitions/Disosals | Acuisitions/Disosals | At5Aril2022 | At5Aril2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Description | Nominal Holding |
Market Value£ |
Date | Nominal Holding |
Acquisitions/ Retained Income£ |
Disposals£ | Gains/ (Losses) £ |
Nominal Holding |
Market Value£ |
| Persimmon | 140 | 4,234 | 07/10/2021 | 20 | 506 | ||||
| 14/10/2021 | (160) | (4,259) | (481) | - | - | ||||
| PimcoDynamic | 1,100 | 15,653 | 03/08/2021 | (200) | (2,930) | (366) | 900 | 12,357 | |
| PimcoGlobal | 1,400 | 19,236 | (1,834) | 1,400 | 17,402 | ||||
| PolarCapital | 1,010 | 13,191 | 08/10/2021 | (110) | (1,560) | 942 | 900 | 12,573 | |
| Prudential | 375 | 5,818 | 07/10/2021 | (100) | (1,506) | (1,195) | - | 3,117 | |
| ReckittBenckiserGroup | 39 | 2,534 | 07/04/2021 | (39) | (2,533) | (1) | - | - | |
| Relx | 260 | 4,771 | 07/10/2021 | (135) | (2,916) | 1,201 | 125 | 3,056 | |
| Renishaw | - | - | 19/08/2021 | 62 | 3,222 | (846) | 62 | 2,376 | |
| RioTinto | - | - | 07/10/2021 | 140 | 6,942 | 1,626 | 140 | 8,568 | |
| ShellPlcBord | 445 | 5,943 | 07/10/2021 | (45) | (758) | 3,299 | 400 | 8,484 | |
| SchroderInvestment | 205 | 30,818 | 6,279 | 205 | 37,097 |
| At6Aril2021 | At6Aril2021 | Acuisitions/Disosals | Acuisitions/Disosals | At5Aril2022 | At5Aril2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Description | Nominal Holding |
Market Value£ |
Date | Nominal Holding |
Acquisitions/ Retained Income£ |
Disposals£ | Gains/ (Losses) £ |
Nominal Holding |
Market Value£ |
| Segro | 310 | 2,941 | 07/10/2021 | (85) | (1,023) | 1,179 | 225 | 3,097 | |
190 |
|||||||||
| Smith(DS) | 1,336 | 5,526 | 07/10/2021 | (636) | (2,482) | (807) | 700 | 2,237 | |
| SmithsGroup | 215 | 3,368 | 07/10/2021 | (25) | (364) | (365) | 190 | 2,639 | |
| SparxFund | 36 | 4,466 | 08/10/2021 | (36) | (4,721) | 255 | - | - | |
| TaylorWimpey | - | - | 14/10/2021 | 2,650 | 4,105 | (557) | 2,650 | 3,548 | |
| TempletonEmerging | - | - | 07/10/2021 | 8,600 | 15,301 | (1,971) | 8,600 | 13,330 | |
| TescoGBP0.0633 | 1,792 | 4,085 | 09/04/2021 | (1,792) | (4,178) | 93 | - | - | |
| TravisPerkins | 0 | 0 | 19/08/2021 | 182 | 3,189 | (889) | 182 | 2,300 | |
| Unilever | 100 | 4,022 | (485) | 100 | 3,537 | ||||
| UKGilts4.75%7/12/30 | 11,500 | 15,726 | (1,262) | 11,500 | 14,464 | ||||
| UniteGroup | 345 | 3,693 | 07/10/2021 | (90) | (977) | 255 | 255 | 2,971 |
| At6Aril2021 | At6Aril2021 | Acuisitions/Disosals | Acuisitions/Disosals | At5Aril2022 | At5Aril2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Description | Nominal Holding |
Market Value£ |
Date | Nominal Holding |
Acquisitions/ Retained Income£ |
Disposals£ | Gains/ (Losses) £ |
Nominal Holding |
Market Value£ |
| Vanguard | 235 | 26,622 | 08/10/2021 | (65) | (7,215) | (1,523) | 170 | 17,884 | |
| VHGblSustainable | 10,561 | 10,519 | 1,837 | 10,561 | 12,356 | ||||
| VeritasFundsAsian | 16 | 16,894 | 04/08/2021 | (4) | (3,911) | ||||
| 08/10/2021 | (2) | (2,238) | (875) | 11 | 9,869 | ||||
| VodafoneGroup | 2,350 | 3,141 | 10/05/2021 | (2,350) | (3,347) | 206 | - | - | |
| VulcanGlobalEquityIII | 252 | 30,277 | 1,298 | 252 | 31,575 | ||||
| Whitbreadord | - | - | 09/04/2021 | 90 | 3,151 | (568) | 90 | 2,583 | |
| 3iGroup | 345 | 4,049 | 07/10/2021 | (125) | (1,567) | 594 | 220 | 3,076 | |
| Grandtotals | 617,915 | 123,257 | (154,067) | 32,407 | 619,512 | ||||
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