2023-12-31-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.

EAR ENDED 31 D	E	CEMBER	2023
				2023			2022
			Notes
INCOME
Investment income					212844		217,209
Total income					217,844		217,209
EXPENDITURE
Costs ofgenerating	funds
Charitable activities			3	35,890		35,269
Donations made			9	229,014		234,611
Total expenditure					(264,904)		(269,880)
Net gains/(losses)	on
investments					59,932		123,176
NET INCOME BEFORE OTHER RECOGNISED
GAINS/(LOSSES)					(106,992)		(175,847)
Gains on revaluation		of investments
—unrealised gains/(losses)			4		188,345		336,033
NET MOVEMENT	IN	FUNDS			81,353		(511,880)
RECONCILIATION	OF FUNDS
Total funds at 1 January 2023 Net movement in funds					7,228,277 81,353		7,740,157 ~811,888
Total funds carried	fonvard at
31 December 2023					7,309,630		7,228,277

BALANCE SHEET AS AT 31 DECEMBER 2023	BALANCE SHEET AS AT 31 DECEMBER 2023	BALANCE SHEET AS AT 31 DECEMBER 2023
	Notes	K	2023	f		2022	f
FIXEDASSETS
Investments	4			6,619,616			6,511,539
CURRENT ASSETS
Cash at bank	5	701,551			727,860
		701,551			727,860
LIABILITIES
Creditors: amounts	falling due
within one year	6	11,537			11,122
NET CURRENT ASSETS				690,014			716,738
NET ASSETS				7,309,630			7,228,277
FUNDS OF THE CHARITY
General unrestricted	fund			7,309,630			7,228,277

			Date	Amount received
				F
Abbott I aboratories NPV			15/02/23	206.40
580 Common Stock			16/05/23	199.83
			15/Uii/23	196.70
			15/11/23	200.46
AstraZeneca pic			27/03/23	3,947.90
2,425 US$0.25	Ordinary	shares	11/09/23	1,507.80
Aviva pic			18/05/23	3,303.72
15,960 Ordinary	25p shares
Barclays pic 36,000 Ordinary	25p shares		31/03/23 15/09/23	1,800.00 972.00
BP pic 27,000 Ordinary	US$0.25 shares		31/03/23 23/06/23	1,998.25 1,911.20
			22/09/23	1,547.64
			19/12/23	1,548.91
Blackrock Inc			22/09/23	379.10
110$1 Common	Stock Class A NPV		22/12/23	365.05
British American Tobacco pic 4,250 Ordinary 25p shares			02/02/23 03/05/23 18/08/23	2,315.13 2,453.10 2,453.10
			03/11/23	2,453.10
C/fwd				29,758.39

Y	EAR ENDED 31 DECEMBER 2023	EAR ENDED 31 DECEMBER 2023	EAR ENDED 31 DECEMBER 2023
2	TRUST INCOME (cont'd)
				Date	Amount received	Total
					6	6
	B/fwd				29,758.39
	BHP Billiton pic			30/03/23	5,057.22
	6,800 Ordinary	5p shares		29/09/23	4,357.05
	Burberry Group	pic		27/01/23	1,132.23
	6,862 Ordinary	5p shares		04/08/23	3,053.59
	CME Group inc			18/01/23	1,538.50
	500$0.01 cls A	Common Stock		27/03/23	379.38
				27/06/23	365.19
				29/09/23	379.85
				28/12/23	363.88
	Diageo pic			13/04/23	1,880.63
	5,600 Ordinary	28 101/108p shares		12/1 0/23	2,753.52
	Dollar General Corp.			17/01/23	110.24
	290 $1 Common	Stock		25/04/23	116.11
				25/07/23	112.61
				24/10/23	118.38
	Experian pic			03/02/23	681.59
	3,900ordinary US$0.10shares			21/07/23	1,454.75
	GlaxoSmithKline			12/01/23	737.00
	5,360Ordinary	25p	shares	13/04/23	737.00
				14/07/23	750.40
				12/10/23	750.40
Greencoat UK Wind			pic	24/02/23	1,034.48
53,600 Ordinary		1p	shares	26/05/23	1,173.84
				25/08/23	1,173.84
				24/11/23	1,173.84
	Haleon, Pic			27/04/23	160.80
6,700 Ordinary		1p shares
	HICI Infrastructure		Co Ltd	31/03/23	98880
48,000 Ordinary		1p	shares	30/06/23	993.60
				29/09/23	988.80
				29/'I 2/23	96860
	Honeywell Intl Inc.			10/03/23	340.85
470 $1 Common		Stock		02/06/23	326.62
				01/09/23	322.57
				01/12/23	339.48

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023	NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023	NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023
2 TRUST INCOME (confd)
			Date	Amount received	Total
B/fwd				66,594 23
HSBC Holdings Pic			27/04/23	2,039.31
11,000 Ordinary US$0.50		shares	23/06/23	873.16
			21/09/23	877.58
			21/12/23	874.82
JP Morgan Chase &Co			31/01/23	609.87
890 $1 Common Stock			03/05/23	600.86
			31/07/23	584.93
			01/11/23	651 32
Lloyds Banking Group pic			23/05/23	2,536.00
158,500 Ordinary 10pshares			13/09/23	1,458,20
Legal &General pic			05/06/23	11,561.90
55,000 Ordinary 2.5p shares			26/09/23	4,054.10
Microsoft Corporation			14/03/23	283.52
600$0.00000625 Common		Stock	08/06/23	276.73
			15/09/23	277 24
			18/12/23	300.20
National Grid pic			11/01/23	3,033.51
12,000 Ordinary 11 17/43p		shares	09/08/23	6,393.50
Persimmon pic			05/05/23	1,380.00
2,300 Ordinary 10p shares			03/11/23	460.00
Phoenix Group Holdings	pic		10/05/23	2,080.00
8,000 Ordinary 10p shares			23/10/23	2,080.00
Primary Health Properties		pic	23/02/23	820.75
49,000 Ordinary 12 1/2p	shares		19/05/23	820.75
			18/08/23	820.75
			24/11/23	820.75
Reckitt Benckiser Group	Pic		15/09/23	1,378.80
1,800 Ordinary 1p shares
Ruffer Investment Co			20/03/23	605.81
44,875 Redeemable 1p preference shares			31/10/23	740.44
Royal Dutch Shell pic 7,150Ordinary 60.70 Bshares			27/03/23 27/06/23 18/09/23	1,723.87 1,643.79 1,867.58
			22/12/23	1,881.17

NOTES TO THE	NOTES TO THE	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER				2023
2	TRUST INCOME		(cont'd)
						Date	Amount received	Totalf
	B/fwd						123,005.44
	S&P Global Inc.					12/12/23	115.00
	190$1 Common	Stock
	Siemens AG					14/02/23	2,331.36
	850 NPV EUR shares
	Scottish Mortgage Investment			Trust	Pic	04/07/23	750.00
	28,000 Ordinary	25p shares				15/12/23	448.00
	Securities TST	ofScotland Pic				20/01/23	1,131.00
	78,000 Red Ordinary 1p		shares			14/04/23	1,131.00
	St James' Place Pic					31/05/23	1,636.36
	4,400 Ordinary	15p shares				22/09/23	696.52
	Temple Bar Investments		Trust	pic		31/03/23	1,875.00
43,000 Ordinary		25p shares				30/06/23	1,725.00
						29/09/23	1,725.00
						29/12/23	1,075.00
Thermo Fisher Scientific			Income			17/01/23	31.14
	150Common Stock					14/04/23	35.47
						14/07/23	33.85
						13/10/23	36.36
	TR Property Investment		Trust			12/01/23	847.50
	15,000 Ordinary	25p shares				01/08/23	1,477.50
	Unilever pic					21/03/23	2,106.13
	2,800 Ordinary	3 1/9p shares				15/06/23	2,090.11
						31/08/23	1,036.00
						08/12/23	1,040.20
Visa Inc						13/03/23	207.47
660$0.0001 Common Stock						01/06/23	201.87
						01/09/23	197.91
						06/12/23	230.18
	Total dividend	income	received		during			147,216.37

TRUST INCOME (cont'd)	TRUST INCOME (cont'd)	TRUST INCOME (cont'd)
				Date	Amount received	Totalf
Unit Trust Income
Artemis Fund Managers	Corp Bond			31/01/23	310.95
140,000Class Fshares				28/04/23	796.09
				31/07/23	869.35
				31/10/23	1,364.39
Bluebay Funds Management				09/01/23	583.52
1,800Class S shares				11/04/23	1,127.94
				07/07/23	1,156.10
				06/10/23	1,730.61
Capital Group Global Corporate			Bond Fund	17/10/23	942.76
17,000ZLdh shares
Guineas Asset Management		Global Eq Inc		31/01/23	1,943.76
7,800Z Income shares				31/07/23	2,561.52
iShares Pic USD TIPS UCITS ETF				13/09/23	174.60
9,700 Ordinary shares				12/12/23	175.57
JP Morgan UK Equity Income				28/02/23	328.50
45,625 C Income shares				31/05/23	296.56
				31/08/23	752.81
JP Morgan Global Growth 8 Income				06/01/23	3,952.50
93,000snares				11/04/23	3,952.50
				07/07/23	3,952.50
				06/10/23	4,287.30
M&G Extra Income Fund				31/01/23	616.22
5,602f Class A shares				28/04/23	616.22
				31/07/23	1,762.12
				31/10/23	619.02
Sarasin Global Higher Dividend				25/02/23	1,940.21
170,000 P Income shares				25/05/23	2,951.37
				30/08/23	2,15543
				28/11/23	2,622.25
Schroder Investment Mgmt Asian Income 250,000 L Income shares				15/03/23 15/09/23	3,499.75 4,805.25
SPDR Series Trust S&P	500	ETF		03/01/23	345.51
300shares				28/03/23	326.19
				27/06/23	341.02
				26/09/23	339.74
				29/12/23	349.70

	B/fwd			54,549.83
	STSGlobal Income & Growth	Trust	14/07/23	1,443.00
78,000 Ordinary 1p shares			27/10/23	1,189.50
Total unit trust income received during year					57,18233
	Gross Interest
Treasury Stock 2029			22/03/23 22/09/23	53.12 55.26
Treasury Stock 2027			07/12/23	1,360.00
	Treasury Stock 2032		07/12/23	1,317.50
490 Franklin Templeton Global Funds			Monthly	1,179.78
45,000 Royal London Gbl Idx		Linked	30/06/23	476.42
	130,000 Royal London Ethical Bond		31/03/23	1,234.61
			30/06/23	1,267.89
			29/09/23	1,356.16
	122,794CT Investments f Corp Bond		Bi-monthly	2,483.15
	59,016 M&G Sec Global Macro Bond		31/03/23	571.86
			30/06/23	568.15
			29/09/23	638.55
			2 JJI12/23	350.73
	Nominee account interest			532.24
Total gross interest received		during year			13,445.42
Total income received during		year			217,844.12
3	CHARITABLE ACTIVITIES COSTS
				2023	2022
				f	F
	Accountancy charge Audit fees			2,088 2,088	1,800 1,800
	Stockbrokers' fees			31,310	31,263
	Other admin expenses			404	406
				35,890	35,269

Y	EAR ENDED 31DECEMBER 2023	EAR ENDED 31DECEMBER 2023	EAR ENDED 31DECEMBER 2023
4	SCHEDULE OF INVESTMENTS
				Market value		Aijditiolis	Disposal	Realised	Unrealised	Market value
				at 31/12/2022 f		cost 8	proceeds f.	profit/(Ious) f.	profit/(loss) 8	at 31/12/2023
	UK Equities
	Abbott Laboratories			52,937					(2,858)	50,079
	580 Common Stock
	Accenture Pic					27,676			1,227	28,903
	105Ordinary A	shares
	Alphabet Inc			58,678					28,984	87,662
	800US$0 001 Cls A Common stock
	AslraZeneca pic			272,037			(73,823)	(7,508)	(10,506)	180,200
	1,700 Ordinary	US$0.25 shares
	Aviva pic			70,671			(61,593)	(9.078)
	15,960 Ordinary		25p shares
	Barclays pic			57,067					(1,706)	55.361
	36,000 Ordinary		25p shares
	Bnnsh American		Tobacco pic	139,464					(41,905)	97,559
	4,250 Ordinary	25p shares
	BH Macro Ltd			67,350					(12,300)	55,050
	15,000 NPV Ordinary shares
	BHP Billiton pic			174,760			(27,231)	(1,039)	6,812	153,302
	5,700 Ordinary	US$0.50shares
	Blackrock Inc					61,357			8,692	70,049
	110$1 Common		Stock Class A NPV
	Carried forward			892,964		89,033	(162,647)	(17,625)	(23,560)	778,165
						'
					la

				Market value	Additions	Disposal	Realised	Unrealised	Market value
				at 31/12/2022 6	cost 6	proceeds 5	profit/(loss) 6	profit/(loss) F.	at 31/12/2023 f
B/fwd				892,964	89,033	(162,647)	(17,625)	(23,560)	778,165
BPpic				170,964		(40,830)	(1,911)	(2,362)	125,861
27,000Ordinary	US$0 25 shares
Burberry Group	pic			139,299				(42,133)	97,166
6,862 Ordinary	5p shares
CME Group inc				69,898				12,703	82,601
500 US$0.01 Cls A		Common	stock
Diagec pic				222,650		(16,698)	(1,552)	(44,464)	159,936
5,600 Ordinary	28 101/108p shares
Dollar General Corp				59,367		(28,775)	(30,592)
USD $0 875 Common Stock
Expenan pic				137,837		(29,826)	1,696	15,171	124,878
3,900 Ordinary	US$0 10shares
GlaxoSmithKline	pic			77,055				676	77,731
5,360Ordinary	25p	shares
Greencoat UK Wind		pic		81,472				(268)	81,204
53,600 Ordinary	1p	shares
HICL Infrastructure		Co Ltd		78,912				(12,384)	66,528
48,000 Ordinary	0 01p shares
C/fwd				1,930,418	89,033	(278,776)	(49,984)	(98,821)	1,594,070
					19

			Market value	Additions	Disposal	Realised	Unreahsed	Market value
			at 31/12/2022	cost	proceeds	profit/(loss)	profit/(loss)	at 31/12/2023
			8			8		2
B/fwd			1,930,418	89,033	(278,776)	(49,984)	(96,621)	1,594,070
Haleon Pic
6,700 Ordinary	1pshares		21,932		(21,109)	(823)
Honeywell Intl Inc			83,732				(6,415)	77,317
470 US$1 Common stock
HSBC Holdings	pic		56,727				13,178	69,905
11,000 Ordinary	US$0 50 (LIKReg) shares
JP Morgan Chase &Co			99,218				19,537	118,755
890 US$1 Common stock
Jupiter Unit Trust Managers				128,694			1,825	130,519
89,000 Income	shares
Legal &General	Group pic		207,085		(63,531)	(6,329)	880	138,105
55,000 Ordinary	2.5p shares
Lloyds Banking	Group		71,975				3,645	75,620
158,500 Ordinary 10p shares
Microsoft Corp			119,621				57,367	176,988
600 UDS$0.00000625 Common		stock
National Grid pic			169,598		(51,784)	1,874	7,272	I26,960
12,000 Ordinary	11.395p shares
Persimmon pic			27,991				3,956	31,947
2,300Ordinary	10p shares
C/fwd			2,788,297	217,727	(415,200)	(55,262)	4,624	2,540,186
				20

			Market value		Additions	Disposal	Realised	Unrealised	Market	value
			at 31/12/2022		costf	proceeds f	profit/(loss)	profit/(loss) at	31/12/2023 f.
B/fwd			2,788,297		217,727	(415,200)	(55,262)	4,624	2,540,186
Phoenix Group	Holdings		48,688					(5,872)		42,816
8,000 Ordinary	10p shares
Primary Health	Properties Pic		54,292					(3,430)		50,862
49,000 Ordinary	12 1/2p shares
Reckitt Benckiser Group Pic					103,711			(6,151)		97,560
1,800 Ordinary	10p shares
Royal Dutch Shell pic			166,309					17,553		183,862
7,150Ordinary	860.07 shares
Ruffer Inveslmenl Co			139,561					(16,155)		123,406
44,875Redeemable 1p preference shares
S&P Global Inc					62,666			2,990		65,656
190$1 Common Stock
Scottish Mortgage Investment		pic	216,840			(13,532)	(924)	23,856		226,240
28,000 Ordinary	5p shares
Securities TST	ofScotland Pic		175,500					(6,240)		169,260
78,000 Ordinary	Ip Red shares
C/fwd			3,589,487		384,104	(428,732)	(56,186)	11,175	3,499,848
				2l

Y	EAR ENDED 31 DECEMBER 2023	EAR ENDED 31 DECEMBER 2023
4	SCHEDULE OF INVESTMENTS (cont'd)		Market value	Additions	Disposal	Realised	Unrealised	Market value
			at 31/12/2022	cost	prooeeds	profit/(loss)	profit/(loss)	at 31/12/2023
			5		6		2		6
	B/fwd		3,589,487	384,104	(428,732)	(56,186)	11,175		3,499,848
	Siemens AG		97,557				27,315		124,872
	850 NPV shares
	SPDR Series Trust		95,205				17,336		112,541
	30088P 500 ETF
	StJames' Place pic		48,180				(18,102)		30,078
	4,400 Ordinary 15p shares
	Temple Bar Investment Trust	pic	165,375		(74,240)	3,680		7,525	102,340
	43,000 Ordinary 25p shares
	Thermo Fisher Scientific Inc		68,671				(6,215)		62,456
	150USD $1 Common Stock
	TR Property Investment Trust		45,825					5,550	51,375
	15,000 Ordinary 25p shares
	Unilever pic		231,056		(109,150)	(4,810)	(10,696)		106,400
	2,800 Ordinary 3 1/9p shares
	Visa Inc		113,993				20,798		134,791
	660 USD $0.0001 Common	Stock
	HM Treasury		83,962					6,006	89,968
	56,0000 125% Index Linked	2029
	C/fwd		4,539,311	384,104	(612,122)	(57,316)	60,692		4,314,669
				22

					Market value	Additions	Disposal	Realised	Unrealised	Unrealised	Market	value
					at 31/12/2022	costf	proceeds f	pi'ofru(toss)	prolit/(loss) f		at 31/12/2023 f
B/fwd					4,539,311	384,104	(612,122)	(57,316)	60,692		4,314,669
HM Treasury						63,250				2,910		66,160
64,0000.25%Index Linked 2027
HM Treasury						63,281				2,546		65,827
62,0000.25'/r Index Linked 2032
Total UK Equities
UK Unit Trusts &Bonds
Artemis Fund Managers Corp Bond					65,682	56,423				7,885		129,990
140,000 F Income units
Blackrock Asset Management	(UK)				99,405		(37,680)	614		4,176		66,515
37,000Euro Absolute Alpha	units
Bluebay Funds Mgmt Global	Corporate			Bond	96,536	60,403				7,275		164,214
1,800SIncome units
Capital Group Global Corporate		Bond		Fund		125,180				5,890		131,070
17,000 ZLdh shares
CT Investment funds (Previously			Threadneedle)		105,075	(422)	(101,759)	(2,894)
122,794 1176Sterang Corp	Bond		units
C/fwd					366,698	241,584	(139,439)	(2,280)	25,226			491,789
						23

SCHEDULE OF INVESTMENTS (cont'd)
	Market value	Additions	Disposal	Realised	Unrealised	Market value
	at 31/12/2022	cost	proceeds	profit/(loss)	profit/(loss)	at 31/12/2023
	8	8		f.	2
B/fwd	366,698	241,584	(139,439)	(2,280)	25,226	491,789
Guinness Asset Management	206,897				13,706	220,603
7,800 Global Equity 2 Income units
iShares Pic USD TIPS UCITS ETF		47,539			(19)	47,520
9,700 Ordinary shares
iShares pic	111,834		(26,147)	(340)	6,177	91,524
2,900 Physical Gold ETC
JP Morgan Global Growth &Income	396,180				71,610	467,790
93,000 income shares
JP Morgan Asset Managers	42,372		(42,331)	(41)
45,625 UK Equity Income shares
Franklin Templeton Global Funds	44,664				1,494	46,158
490Blue Chip Shares
M&G Global Macro Bond	52,860				(2,596)	50,264
59,0161ncome Units .
M&G Extra Income Fund A	64,554				(1,557)	62,997
5,602 Income Shares
Royal London UTM Ethical Bond	124,254				6,396	I30,650
130,000 units
C/fwd	1,410,313	289,123	(207,917)	(2,661)	120,437	1,609,295
		24

SCHEDULE	OF INVESTMENTS (cont'd)
		Market value	Additions	Disposal	Realised	Unrealised	Market value
		at 31/12/2022	cost	proceeds	profit/(loss)	profit/(loss) f	at 31/I 2/2023 f.
Brought forward		1,410,313	289,123	(207,917)	(2,661)	120,437	1,609,295
Royal London UTM	Index Linked Bond	46,890		(46,935)	45
45,000 units
Royal London Unit Global Index Lmked Bond			46,880			1,520	48,400
40,0002 Inc units
Schroder Investment	Mgmt Asian Income	187,775				(1,800)	185,975
250,000 L Income units
Sarasin Gbl Higher	Dw P Inc	327,250				2,040	329,290
170,000shares
Total Unit Trust & Bonds		1,972,228	336,003	~254 852	~2616	122 197	2,172,960
		6,511,539	846,638	(866,974)	(59,932)	188,345	6,619,616
Total

5		CASH AT BANK	CASH AT BANK
				2023	2022
				f
Natwest		bank account		650,957	668,369
Rathbones			capital account	24,720	35,568
Rathbones			income account	25,774	23,823
Cash	in	hand		100	100
				701,551	727,860
6		CREDITORS
				2023	2022
				E
Accountancy			charge	1,944	1,800
Audit	fees			1,944	1,800
Stockbrokers'fees				7,649	7,522
				11,537	11,122

The average monthly number of perso	ns employed by the trust during the year wa	s:-
	2023	2022
	Number	Number
Total

Y	EAR ENDED 31 DE	CEMBER 2023
9	DONATIONS
Candlelighters				4,000
	Churchon the Green	Neighbourhood	Foundation	23,360
	Citizens Advice Bureau			2,500
	Designability			2,500
	Disability Action Yorkshire			4,000
	Dementia forward			34,000
	Epilepsy action			3,000
	Gamekeepers Welfare Trust			6,000
	Harrogate Homeless	Project		33,100
	Harrogate Neighbours			4,000
	Harrogate Skills for Living			3,000
	Home Starl			5,000
	Leeds Weekend Care Association			3,000
	Little Hiccups			2,000
	Marie Curie Cancer Support			4,000
	Martin House			8,000
	Police Treatment Centre			4,000
	Royal British Legion			3,000
	Seashell Trust			3,000
	St Catherine's Hospice			5,000
	St George's Crypt			5,000
	St Michael's Hospice			8,000
	St Peter's Church			8,000
	StTeresa's Hospice			6,554
	Supporting Older People			6,000
	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			8,000
	Yorkshire Cancer Research			6,000
	Yorkshire Children's	Trust		aaaa
				229,014