2021-12-31-accounts - The A M Fenton Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

age No
	Legal and	Administrative	Information
2-4	Report of	the Trustees
5-8	Auditor's	Report
	Statement	of Financial	Activities
10	Balance Sheet
11-25	Notes to the Accounts

EAR ENDED 31 D	ECEMB	ER 2021
		2021			2020
		Notes
INCOME
Investment income			198,485		194,848
Total income			198,485		194,848
EXPENDITURE
Costs ofgenerating	funds
Charitable activities		36,210		17,328
Donations made		180,500		174,413
Total expenditure			(216,710)		(191,741)
Net gains/(losses) investments	on		63,756		~49,496
NET INCOME BEFORE OTHER RECOGNISED
GAINS/(LOSSES)			45,531		(46,389)
Gains on revaluation ofinvestments - unrealised gains/(losses) 4			670,652		~39,874
NET MOVEMENT	IN FUNDS		716,183		(86,263)
RECONCILIATION	OF FUNDS
Total funds at 1 January 2021 Net movement in funds			7,023,974 716,183		7,110,237 ~86,263
Total funds carried	forward	at
31 December 2021			7,740,157		7,023,974

			Date	Amount received
Abbott Laboratories		NPV	19/05/21	155.06
580 Common Stock			16/08/21	159.06
			15/11/21	164.24
Abrdn pic			28/09/21	2,021.59
27,693 13.968p	Ordinary shares
AstraZeneca pic			29/03/21	3,331.95
2,425 US$0.25	Ordinary shares		13/09/21	1,571.40
Aviva pic			21/01/21	1,470.00
21,000 Ordinary	25p shares		14/05/21	2,940.00
			07/10/21	1,543.50
Barclays pic			17/09/21	720.00
21,000 Ordinary	25p shares
BPpic 36,000 Ordinary	US$0.25shares		26/03/21 18/06/21	1,356.62 1,336.25
			24/09/21	1,423.04
			17/12/21	1,477.62
British American	Tobacco pic		03/02/21	2,235.50
4,250.Ordinary 25p shares			12/05/21 19/08/21	2,290.75 2,290.75
			11/11/21	2,290.75
C/fwd				28,778.08

				Date	Amount received
B/fwd					28,778.08
BHP Billiton pic				23/03/21	4,963.14
6,800 Ordinary	5p shares			21/09/21	9,817.72
Burberry Group		pic		06/08/21	2,916.35
6,862 Ordinary	5p shares
CME Group Inc				28/09/21	252.71
450$0.01 cls A		Common Stock		30/12/21	253.70
Diageo pic				08/04/21	1,957.20
7,000 Ordinary.	28 101/108p shares			07/10/21	3,121.30
Experian pic				05/02/21	523.09
13,500 ordinary		US$0.10shares		23/07/21	1,155.27
GlaxoSmithKline				15/01/21	1,273.00
6,700 Ordinary	25p shares			08/04/21	1,541.00
				08/07/21	1,273.00
				07/10/21	1,273.00
Greencoat UK Wind pic				26/02/21	951.40
53,600 Ordinary		1p shares		28/05/21	962.12
				27/08/21	962.12
				26/11/21	962.12
HSBC Holdings		pic		29/04/21	2,558.75
11,000 Ordinary		US$0.50shares		30/09/21	563.23
JP Morgan Chase &Co				03/08/21	322.18
590US$1 Common Stock				02/11/21	364.91
Lloyds Banking	Group pic			25/05/21	903.45
158,500 Ordinary		10pshares		13/09/21	1,061.95
Legal &General		pic		27/05/21	14,055.68
111,200 ordinary		2.5p shares		20/09/21	5,760.16
Marshalls Group		pic		01/07/21	1,222.06
,28,420 Ordinary		25p shares		01/12/21	1,335.74
Microsoft Corp				17I06I21	201.06
600 UDS$0.00000625 Common			stock	09/09/21	205.38
				10/12/21	237,91
National Grid pic				13/01/21	2,890.68
17,004 Ordinary		11 17/43p shares		18/08/21	5,468.49
Persimmon pic				16/08/21	2,530.00

Y	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021
2	TRUST INCOME (cont'd)
					Date	Amount received	Total
							E
	B/fwd
						102,617.95
	Ruffer Investment Co				06/04/21	341.05
	35,900Redeemable 1p preference shares				02/11/21	556.45
	Royal Dutch Shell pic				29/03/21	855.14
	7,150Ordinary 60.70 Bshares				21/06/21	876.59
					20/09/21	1,242.67
					20/12/21	1,291.29
	Sarasin Gbl Higher Div P Inc				25/02/21	2,367.59
	170,000shares				27/05/21	2,198.95
					01/09/21	2,581.28
					26/11/21	2,376.09
	Scottish Mortgage Investment			Trust pic	01/07/21	925.90
	107,500 Ordinary 25p shares				03/12/21	714.40
	Standard Life Aberdeen				25/05/21	2,021.59
	31,650 Ordinary	13.97p shares
	Temple Bar Investments		Trust	pic	31/03/21	1,237.50
	15,000 Ordinary	25p shares			30/06/21	1,462.50
					04/10/21	1,462.50
					31/12/21	1,462.50
Thermo Fisher Scientific			Income		19/04/21	23.86
	150Common Stock				15/07/21	23.75
					15/10/21	23.98
	Unilever pic				17/03/21	2,077.40
	5,525 Ordinary 3 1/9p shares				10/06/21	2,049.78
					08/09/21	2,040.38
					01/12/21	1,987.90
Victrex pic					19/02/21	1,753.32
	3,800 Ordinary	1p shares			30/06/21	509.96
Visa Inc					10/06/21	126.51
660 US$0.0001		Common	Stock		03/09/21	128.86
					07/12/21	157.71
Vodafone Group					05/02/21	1,532.67
	38,500 Ordinary	shares			06/08/21	1,476.21

				Date	Amount received	Total
Unit Trust Income
JP Morgan UK Equity	Income			26/02/21	250.94
45,625 C Income shares				28/05/21	246.38
				31/08/21	579.44
				30/11/21	606.81
JP Morgan Global Growth		& Income		08/01/21	3,783.50
115,000shares				01/04/21	3,783.50
				09/07/21	3,783.50
				08/10/21	4,876.00
Henderson Far East Income Ltd				26/02/21	3,915.00
67,500 Ordinary shares				10/06/21	3,915.00
				06/09/21	3,982.50
				29/11/21	3,982.50
M8G Extra Income Fund Sterling Class A				29/01/21	610.62
5,602 shares				30/04/21	585.41
				30/07/21	1,005.53
				29/10/21	616.22
Total unit trust income	received		during the year			36,522.85
Gross Interest
Treasury Stock 2030				22/01/21	1,561.28
				22/07/21	1,568.25
Treasury Stock 2029				30/03/21	50.45
				22/09/21	52.20
147,861 Aegon Asset	High Yield		Bond	Monthly	8,227.61
490 Legg Mason Global Funds				Monthly	498.12
253,000 Royal London	Ethical Bond			31/03/21	921.93
				30/06/21	3,137.71
				30/09/21	1,976.18
				31/12/21	691.61
122,794 Threadneedle	Sterling Corp Bond			Bi-Monthly	2,373.12
59,015 M 8 G Sec Global		Macro	Bond	31/03/21	55.07
				30/06/21	169.02
				30/09/21	176.04
Nominee account interest
Total gross interest received during the year						21 458.59
Total income received	during the year					198,485.67

CHARITABL	E ACTIVITIES COSTS
		2021	2020
		F
Accountancy	charge	1,800	1,800
Audit fees		1,800	1,800
Stockbrokers'	fees	32,210	13,328
Other admin	expenses	400	400
		36,210	17,328

Y	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021
4	SCHEDULE OF INVESTMENTS
				Market value	Additions	Disposal	Realised	Unrealised	Market value
				at 31/12/2020	cost	proceeds	profit/(loss)	profit/(loss)	at 31/12/2021
				F	E		F	E
	UK Equities
	Abbott Laboratories				50,864			9,403	60,267
	580 Common Stock
	ABRDN pic (Previously Standard		Life)	77,900		(66,825)	(11,075)
	27,69313.968p	Ordinary shares
	Alphabet Inc				71,230			14,326	85,556
	40 US$0.001 Cls A Common stock
	AstraZeneca pic			177,606				32,836	210,442
	2,425 Ordinary	US$0.25 shares
	Aviva pic			68,292				17,892	86,184
	21,000 Ordinary	25p shares
	Barclays pic				62,704			4,616	67,320
	36,000 Ordinary	25p shares
	British American	Tobacco pic		115,090				1,084	116,174
	4,250 Ordinary	25p shares
	Signature Aviation pic			348,610		(356,196)	7,586
	170,500 Ordinary 29.76p shares
	BHP Billiton pic			130,901				18,665	149,566
	6,800 Ordinary	US$0.50shares
	BP pic			91,728				27,252	118,980
	36,000 Ordinary	US$0.25shares
	Carried forward			1,010,127	184,798	(423,021)	(3,489)	126,074	894,489

Y	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021
4	SCHEDULE OF INVESTMENTS (cont'd)
				Market value	Additions	Disposal	Realised	Unrealised	Market value
				at 31/12/2020	cost	proceeds	profit/(loss)	profit/(loss)	at 31/1 2/2021
				F	E	F		E	E
	Brought forward			1,010,127	184,798	(423,021)	(3,489)	126,074	894,489
	BTGroup pic			19,838		(29,318)	9,480
	15,000 Ordinary	5p shares
	Burberry Group	pic		122,795				1,922	124,717
	6,862 Ordinary	5p shares
	Carnival pic			30,074		(28,839)	(1,235)
	2,200 Ordinary	$1.66shares
	CME Group Inc				70,303			5,600	75,903
	450 US$0.01 Cls A Common		stock
	Diageo pic			201,460				81,060	282,520
	7,000 Ordinary	28 101/108p shares
	Experian pic			136,073				41,895	177,968
	13,500 Ordinary	US$0.10shares
	GlaxoSmithKline	pic		89,913				17,729	107,642
	6,700 Ordinary	25p shares
	Greencoat UK Wind pic			71,931				3,431	75,362
	53,600 Ordinary	1p shares
	HICL Infrastructure Co Ltd				69,640			1,000	70,640
	40,000 Ordinary	0.01pshares
	Carried forward			1,682,211	324,741	(481,178)	4;756	278,711	1,809,241

SCHEDU		E OF INVESTMENTS (cont'd)
			Market value		Additions	Disposal	Realised	Unrealised	Market value
			at 31/12/2020 f		costf	proceeds	profit/(loss)	profit/(loss)	at 31/12/2021
Brought forward			1,682,211		324,741	(481,178)	4,756	278,711	1,809,241
HSBC Holdings		pic	89,822			(54,782)	6,633	7,679	49,352
23,709/11,000		Ordinary US$0.50 (UK Reg) shares
JP Morgan Chase &Co					63,932			5,046	68,978
590 US$1 Common stock
Legal &General		Group pic	296,014					34,806	330,820
111,200 Ordinary		2.5p shares
Lloyds Banking	Group		57,756					18,007	75,763
158,400 Ordinary		10pshares
Marshalls pic			212,440					(15,631)	196,809
28,420 Ordinary		25p shares
Microsoft Corp					102,466			46,518	148,984
600 UDS$0.00000625 Common stock
National Grid pic			147,085					33,123	180,208
18,550 Ordinary		11.395p shares
Persimmon pic					68,663			(2,975)	65,688
2,300Ordinary	10pshares
Phoenix Group	Holdings				52,443			(187)	52,256
8,000 Ordinary	10pshares
Carried forward			2,485,328		612,245	(535,960)	11,389	405,097	2,978,099
				19

Y	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021
4	SCHEDULE OF INVESTMENTS (cont'd)
				Market value		Additions	Disposal	Realised	Unrealised	Market value
				at 31/12/2020		cost	proceeds	profit/(loss)	profit/(loss)	at 31/1 2/2021
								F	F
	Brought forward			2,485,328		612,245	(535,960)	11,389	405,097	2,978,099
	Royal Dutch Shell pic			90,047					25,955	116,002
	7,150Ordinary B60.07shares
	Ruffer Investment Co			94,417		26,611			10,456	131,484
	44,875 Redeemable 1p preference shares
	Scottish Mortgage Investment		pic	880,151			(484,687)	53,717	45,694	494,875
	133,000/107,500 Ordinary	25p shares
	SPDR Series Trust					105,387			675	106,062
	300S&P 500 ETF
	StJames' Place pic					69,271			4,803	74,074
	4,400 Ordinary 15p shares
	Temple Bar Investment Trust pic			143,250					22,950	166,200
	15,000 Ordinary 25p shares
	Thermo Fisher Scientific Inc					49,422			24,472	73,894
	150US$1 Common stock
	TR Property Investment Trust					67,552			6,623	74,175
	15,000 Ordinary 25p shares
	Carried forward			3,693,193		930,488	(1,020,647)	65,106	546,725	4,214,865
					20

SCHEDULE OF INVESTMENTS (cont'd)	SCHEDULE OF INVESTMENTS (cont'd)	SCHEDULE OF INVESTMENTS (cont'd)
			Market value	Additions	Disposal	Realised	Unrealised	Market value
			at 31/12/2020	cost	proceeds f	profit/(loss) f	profit/(loss)	at 31/12/2021 f
Brought forward			3,693,193	930,488	(1,020,647)	65,106	546,725	4,214,865
Unilever pic			242,659				(24,670)	217,989
5,525 Ordinary	3 1/9p shares
Victrex pic			89,148				3,724	92,872
3,800 Ordinary	1p shares
Visa Inc				103,398			2,201	105,599
660USD$0.0001 Common		stock
Vodafone pic			46,562		(43,209)	(3,353)
38,500 Ordinary	$0.20shares
HM Treasury			103,478		(15,467)	1,139	3,593	92,743
56,0000.125%	Index Linked 2029
HM Treasury			133,940		(40,438)	2,170	1,026	96,698
25,0004.125%	Index Linked 2030
Total UK Equities			4,308,980	1,033,886	~1,119,761	65,062	532,599	4,820,766

Y	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021	EAR ENDED 31 DECEMBER 2021
4	SCHEDULE OF INVESTMENTS (cont'd)
					Market value		Additions	Disposal	Realised	Unrealised	Market value
					at 31/12/2020		cost	proceeds	profit/(loss)	profit/(loss)	at 31/12/2021
											F
	UK Unit Trusts &Bonds
	Aegon Asset Management	High Yield Bond			147,566			(147,536)	(30)
	147,861 shares
	Blackrock Asset Management		(UK)				62,880			6,400	69,280
	40,000 Euro Absolute Alpha		units
	CT Investment funds (Previously			Threadneedle)	135,859					(5,255)	130,604
	122,794.1176Sterling Corp		Bond	units
	Guinness Asset Management						204,057			2,859	206,916
	7,800 Global Equity Z Income units
	Henderson Far East				220,388					(21,263)	199,125
	67,500 Income shares
	iShares pic						92,697			7,300	99,997
	3,800 Physical Gold ETC
	JP Morgan Global Growth 8		Income		444,475					91,425	535,900
	115,000 income shares
	JP Morgan Asset Managers				40,163					6,238	46,401
	45,625 UK Equity Income shares
	Legg Mason Global Funds				49,431					(990)	48,441
	490 Blue Chip Shares
	M8G Global Macro Bond				58,978					(3,025)	55,953
	53,000 Income units
	Carried forward				1,096,860		359,634	(147,536)	(30)	83,689	1,392,617
						22

Y	EAR ENDED 31 DECEMBER 2021
4	SCHEDULE OF INVESTMENTS (cont'd)
		Market value	Additions	Disposal	Realised	Unrealised	Market value
		at 31/12/2020 F	cost	proceeds	profit/(loss) f	profit/(loss)	at 31/12/2021
	Brought forward	1,096,860	359,634	(147,536)	(30)	83,689	1,392,617
	M8G Extra Income Fund A	62,806				4,898	67,704
	5,602 Income Shares
	Provident Financial	47,150		(45,874)	(1,276)
	46,0006% Loan Notes
	Royal London UTM Index Linked Bond	49,725				1,620	51,345
	45,000 units
	Royal London UTM Ethical Bond	310,684				(9,614)	301,070
	253,000 units
	Sarasin Gbl Higher Div P Inc	295,970				57,460	353,430
	170;000shares
	Total Unit Trust 8 Bonds	1,863,195	359,634	. ~193,410	~1,306	138,053	2,166,166
		6,172,175	1,393,520	(1,313,171)	63,756	670,652	6,986,932

NOTES TO THE FINANCIAL STATENIENTS YEAR ENDED 31 DECEMBER 2021	NOTES TO THE FINANCIAL STATENIENTS YEAR ENDED 31 DECEMBER 2021
5 CASH AT BANK
		2021	2020
Natwest bank account		689,350	678,387
Rathbones	capital account	51,309	163,287
Rathbones	income account	24,351	21,327
		765,010	863,001
6 CREDITORS
		2021	2020
Accountancy	charge	1,800	1,800
Audit fees		1,800	1,800
Stockbrokers' fees		8,185	7,602
		11,785	11,202

he year wa	s:-
2021	2020
Number	Number

NOTES TO THE FINANCIAL S YEAR ENDED 31 DECEMBER	TATEMENTS 2021
9 DONATIONS
Candlelighters		4,000
Citizens Advice Bureau		2,500
Designability		3,000
Disability Action Yorkshire		4,000
Dementia forward		8,000
Dewsbury League ofFriendship		6,000
Epilepsy action		3,000
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 Homeless project		25,000
Home Start		5,000
Leeds Weekend Care Association		3,000
Marie Curie Cancer Support		4,000
Martin House		8,000
Pendragon Community Trust		3,000
Police Treatment Centre		4,000
Rawdon Community Library		2,500
Royal British Legion		3,000
Seashell Trust		3,000
Senior Citizens Support Group	(Wakefield)	3,000
St Catherine's Hospice		5,000
StGeorge's Crypt		5,000
St Michael's Hospice		8,000
St Peter's Church		7,500
Supporting Older People		5,000
The Firefighters		3,000
The Salvation Army		3,000
The Tweed Foundation		8,000
Time Together		3,000
War Memorials Trust		1,000
Wetherby in Support ofthe Elderly		4,000
Yorkshire Air Ambulance		6,000
Yorkshire Cancer Research		6,000
Yorkshire Children's Trust		3000
		180,500