2020-12-31-accounts - The A M Fenton Trust

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Charities	Registration	Registration	Number	270353
Principal	Office ofthe		Trust	PO Box788
				Harrogate
				HG1 9RX
Creation	date			14July 1975
Trustees				Charles Julian Fenton
				Annalisa Francine Phoebe Fenton
Bankers				HSBC pic
				14 Bradford Road
				Cleckheaton
Stockbrokers				Rathbones Ltd
				George House
				50 George Square
				Glasgow
Accountant		and Auditor		Lithgow Perkins LLP
				Crown Chambers
				Princes Street
				Harrogate

EAR ENDED 31 D	E	CEMBER	2020
				2020		2019
			Notes
INCOME
Investment income				194,848			323,882
Total income				194,848			323,882
EXPENDITURE
Costs ofgenerating	funds
Charitable activities				17,328	14,634
Donations made				174,413	194,420
Total expenditure				(191,741)			(209,054)
Net gains/(losses) investments	on			49,496			33,882
NET INCOME BEFOREOTHER RECOGNISED
GAINS/(LOSSES)				(46,389)			148,710
Gains on revaluation		ofinvestments
- unrealised gains/(losses)			4	39,874			786,266
NET MOVEMENT	IN	FUNDS		(86,263)			934,976
RECONCILIATION	OF FUNDS
Total funds at 1 January 2020 Net movement in funds				7,110,237 ~66,263			6,175,261 934,976
Total funds carried	forward at
31 December 2020				7,023,974			7,110,237

ALANCE SHEET	AS AT 31	DECEM	BER 2020
				2020			2019
		Notes
FIXEDASSETS
Investments					6,172,175			6,399,710
CURRENT ASSETS
Cash at bank			863,001			717,167
			863,001			717,167
LIABILITIES
Creditors: amounts	falling due
within one year		6	11,202			6,640
NET CURRENT ASSETS					851,799			710,527
NET ASSETS					7,023,974			7,110,237
FUNDS OF THE CHARITY
General unrestricted	fund				7,023,974			7,110,237

2 TRUST INCOME	2 TRUST INCOME	2 TRUST INCOME
				Date	Amount received	Total
						E
AstraZeneca pic 2,425 US$0.25		Ordinary	shares	30/03/20 14/09/20	3,550.20 1,687.80
Aviva pic				24/09/20	1,260.00
21,000 Ordinary		25p shares
Signature Aviation pic
112,600 Ordinary		29 16/21p shares
BP pic 36,000 Ordinary		US$0.25 shares		27/03/20 19/06/20 25/09/20	2,936.09 3,003.16 1,455.59
				18/12/20	1,410.08
British American 4.250 Ordinary	Tobacco pic 25p shares			06/02/20 13/05/20 19/08/20	2,156.88 2,235.50 2,235.50
				12/12/20	2,235.50
BTGroup pic				03/02/20	693.00
15,000 Ordinary		5p shares
BHP Billiton pic 6,800 Ordinary	5p shares			24/03/20 22/09/20	3,374.82 2,863.38
Burberry Group		pic		31/01/20	775.41
6,862 Ordinary	5p shares
C/fwd					31,872.91

Y	EAR ENDED 31 DECEMBER 2020
2	TRUST INCOME (cont'd)
		Date	Amount received	Total
			E	E
	B/fwd		31,872.91
	Carnival pic 2,200 Ordinary $1.66p shares	13/03/20	860.32
	Diageo pic 7,000 Ordinary 28 101/108p shares	09/04/20 08/10/20	1,918.70 2,972.90
	Experian pic	31/01/20	544.01
	13,500 ordinary US$0.10shares	24/07/20	1,277.14
	GlaxoSmithKline	09/01/20	1,273.00
	6,700 Ordinary 25p shares	09/04/20	1,541.00
		09/07/20	1,273.00
		08/10/20	1,273.00
	Greencoat UK Wind pic 53,600 Ordinary 1p shares	28/02/20 29/05/20 28/08/20	929.96 951.40 951.40
		27/11/20	951.40
	Johnson Matthey	04/02/20	662.24
	2,703 Ordinary E1 shares
	Lloyds Banking Group pic
	158,500 Ordinary 10p shares
	Legal 8 General pic 111,200 ordinary 2.5p shares	04/06/20 24/09/20	14,055.68 5,482.16
	M8 G pic 33,600 Ordinary 5p shares	29/05/20 30/09/20	5,298.72 2,016.00
	National Grid pic 17,004 Ordinary 11 17/43p shares	15/01/20 19/08/20	2,817.56 5,441.28
	Ruffer Investment Co	02/04/20	341.05
	35,900Redeemable 1p preference shares	13/10/20	341.05
	Royal Dutch Shell pic 7,150Ordinary 60.70 Bshares	23/03/20 22/06/20 21/09/20	2,602.60 906.62 864.44
		16/12/20	892.32
	Sarasin Gbl Higher Div P Inc 170,000shares	25/02/20 25/05/20 25/08/20	1,807.10 2,719.49 3,478.37
		25/1 1/20	320.28
	C/fwd		98,637.10

TRUST INCOME (cont'd)	TRUST INCOME (cont'd)
				Date	Amount received	Total
B/fwd					98,637.10
Scottish Mortgage Investment 107,500 Ordinary 25p shares	Trust pic			01/07/20 04/12/20	1,348.50 1,051.25
Standard Life Aberdeen				19/05/20	3,960.10
31,650 Ordinary 13.97p shares				29/09/20	2,021.59
Temple Bar Investments Trust 15,000 Ordinary 25p shares	pic			31/03/20 30/06/20 30/09/20	2,758.50 1,650.00 1,650.00
				31/12/20	1,237.50
Unilever pic 5,525 Ordinary 3 1/9p shares				18/03/20 04/06/20 09/09/20	1,918.28 1,996.74 2,043.15
				20/11/20	2,069.67
Victrex pic				21/02/20	1,753.32
3,800 Ordinary 1pshares
Vodafone Group				07/02/20	1,462.15
38,500 Ordinary shares				07/08/20	1,570.68
Total dividend income received		during the year				127,128.53
Unit Trust Income
JP Morgan UK Higher Income 37,252 Income shares			Fund C	30/04/20 14/05/20	1,035.59 101.74
JP Morgan UK Equity Income 45,625 C Income shares				29/05/20 28/08/20 30/11/20	561.19 383.25 428.88
JP Morgan Global Growth 8 Income 115,000shares				03/01/20 03/04/20 03/07/20	3,749.00 3,749.00 3,749.00
				02/10/20	3,783.50
Henderson Far East Income Ltd				28/02/20	3,847.50
67,500 Ordinary shares				03/06/20 07/09/20	3,847.50 3,915.00
				02/12/20	3,915.00
M8G Extra Income Fund Sterling 5,602 shares			Class A	31/01/20 30/04/20 31/07/20	607.82 613.42 1,206.95
				30/10/20	610.62
Total unit trust income received		during the year				36,104.96
C/fwd						163,233.49

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020	NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020	NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020
2 TRUST INCOME (cont'd)
			Date	Amount received	Total
				E
B/fwd					163,233.49
Gross Interest
Treasury Stock 2030			22/01/20	1,545.25
			22/07/20	1,554.88
Treasury Stock 2029			22/03/20 22/09/20	49.80 50.26
15,000 Kames High Yield Bond			Monthly	2,635.85
147,861 Aegon Asset	High Yield Bond		Monthly	6,089.52
490 Legg Mason Global Funds			24/12/20	48.72
46,000 Provident 6'/o Loan Notes 2021			27/03/20	1,380.00
			27/09/20	1,380.00
253,000 Royal London	Ethical Bond		31/03/20 30/06/20	2,346.83 2,366.31
			30/09/20	2,386.55
			31/12/20	2,195.28
200,000Threadneedle	UK Corp Bond 2		07/02/20 07/05/20	742.78 761.69
			07/08/20	775.08
			06/11/20	683.23
203,437 S&W Short Dated Corp Bond			11/02/20 14/05/20	1,107.00 1,179.98
			17/08/20	1,155.81
			19/11/20	1,180.34
Nominee account interest
Total gross interest received		during the year			31,615.16
Total income received	during	the year			194,848.65
3 CHARITABLE	ACTIVITIES COSTS
				2020	2019
					f
Accountancy charge Audit fees				1,800 1,800	1,860 1,860
Stockbrokers' fees				13,328	10,574
Other admin expenses				400	340
				17,328	14,634

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NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020
5 CASH AT BANK
	2020	2019
HSBC pic Treasurer account	678,387	586,909
Speirs and Jeffrey capital account	163,287	25,124
Speirs and Jeffrey Income account	21,327	105,134
	863,001	717,167
6 CREDITORS
	2020	2019
Accountancy charge	1,800	1,800
Audit fees	1,800	1,800
Stockbrokers' fees	7,602	3,040
	11,202	6,640

The average monthly number ofperso	ns employed by the trust during the year wa	s:-
	2020	2019
	Number	Number
Total

NOTES TO THE FINANCIAL S YEAR ENDED 31 DECEMBER	TATEMENTS 2020
9 DONATIONS
Candlelighters		4,000
Citizens Advice Bureau		2,500
Designability		3,000
Disability Action Yorkshire		4,000
Dementia forward		8,000
Dewsbury League of Friendship		6,000
Epilepsy action		3,000
Friends of Harrogate Hospital		7,913
Gamekeepers Welfare Trust		6,000
Harold Styan Charity for Youth		4,000
Harrogate and Knaresborough	Toy Library	2,000
Harrogate Neighbours		4,000
Harrogate Skills for Living		3,000
Harrogate Easy Living project		6,000
Harrogate Homeless project		25,000
Marie Curie Cancer Support		4,000
Martin House		5,000
Pendragon Community Trust		3,000
Police Treatment Centre		4,000
Rawdon Community Library		2,500
RNLI		2,000
Seashell Trust		3,000
St Leonards Hospice		5,000
Senior Citizens Support Group	(Wakefield)	3,000
St Catherine's Hospice		5,000
StGeorge's Crypt		5,000
St Michael's Hospice		5,000
StPeter's Church		5,000
Supporting Older People		5,000
The Firefighters		3,000
The Salvation Army		2,500
The Tweed Foundation		8,000
Time Together War Memorials Trust		3,000 1,000
Yorkshire Air Ambulance		6,000
Yorkshire Cancer Research		6,000
		174,413