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2021-04-05-accounts

Unrestricted Unrestricted
Funds and Total Funds and Total
Funds Funds
2021 2020
Note E E
Income from:
Investment Income
Dividends on Quoted Investments 206,694 272,935
Interest on Stocks 51,151 70,204
Bank Interest 171 1,464
Total Income E 258,016 E 344,603
Expenditure on:
Charitable Activities 2 & 3 169,993 251,630
Total Expenditure 169,993 E 251,630
Net Income and net movements in funds before
gains on investments 88,023 92,973
Net gains/(losses) on investment
Unrealised gains/(losses) on investments 4 1,773,892 - 1,527,760
Realised gains/(losses) on investments 72,972 - 88,026
Net Movement in Funds 1,934,887 - 1,522,813
Balance brought forward 6th April 2020 7,852,284 9,375,097
Balance carried forward 5th April 2021 E 9,787,171 E 7,852,284

Note 2021 2020
Fixed Assets
Investment assets 4 9,604,835 7,674,483
Current Assets
Debtors 5 2,015 3,314
Cash at Banks and in Hand 190,606 180,888
192,621 184,202
Creditors: amounts falling due within one year 6 10,285 6,401
Net Current Assets 182,336 177,801
Net Assets £ 9,787,171 7,852,284
The Funds of the Charity
Unrestricted Funds 9,787,171 7,852,284
£ 9,787,171 £ 7,852,284

statements was £9,470,850
2. Direct Charitable Expenditure 2021 2020
Donations
Financial Assistance 130,739 180,958
Return of Financial Assistance (see note 9) 90,000 35,000
J V Trust Week ä 37,002
Governance Costs (see note 3) 129,254 68,670
169,993 £ 251,630
3. Governance Costs 2021 2020
Trust Management 73,218 55,586
Investment Management 44,608 -
Audit 8,280 8,280
Insurance 408 408
Trustees' travel and expenses (four Trustees) 2,691 2,489
Bank Charges 18 21
Sundry 31 1,886
129,254 68,670
Trustees' emoluments were £nil (nil 2020)
4a. Fixed Asset Investments 2021 2021 2020
Investments in subsidiary undertaking (Notes 4b & 4c) 725,396 725,396
Quoted Investments
Opening Market Value 6th April 2020 6,949,087
Additions 1,126,731
Disposal Costs 970,271
Unrealised investment losses 1,773,892 8,879,439 6,949,087
Market Value 5th April 2021 £ 9,604,835 £ 7,674,483
Historic Opening Book Cost 6th April 2020 £ 6,088,394
Closing Book Cost at 5th April 2021 £ 6,244,854

The results of the subsidiary undertaking for the year ended 5th April 2021 are as follows:
The company has not traded and was dormant in the current year and prior year 2021 2020
£ £
Income
Expenditure
Income for the period
Balance Sheet 2021 2020
£ £
Fixed assets at cost
Tangible assets 80,000 80,000
Current Assets 1 1
80,001 80,001
Creditors
Amounts falling due within one year
Total assets less current liabilities 80,001 80,001
Creditors
Amounts falling due after more than one year -
Net Assets £ 80,001 £ 80,001
Represented by:
Members capital 80,001 80,001
Retained Profit/Loss -
Profit and Loss reserve
£ 80,001 £ 80,001
The results of the subsidiary undertaking for the period ended 5th April 2021 are as follows:
Profit and loss account 2021 2020
£ £
Income 22,203 22,219
22,203 22,219
Expenditure
Professional fees
Shakespeare Martineau
Company Management 14,915
VAT 2,983
Cooper Parry Tax Support 4,380
Joscelyne Chase, Rental Agents Fees 2,880
Property Repairs/Expenses
Insurance/Rates/Service Charge
Bank Charges 15 ^
Sundry 53 25,226 27,098
Expenditure for the period 3,023 4,879
Taxation 339 210
Net income/(expenditure) for the period after taxation -£ 2,684 -£ 4,669
Balance Sheet 2021 2020
£ £
Fixed assets at cost
Tangible assets 602,700 602,700
Current Assets
Bank balances 39,156 42,070
Debtors
Net Current Assets 641,856 644,770
Creditors
Amounts falling due within one year 1,599 1,829
Total assets less current liabilities 640,257 642,941
Creditors
Amounts falling due after more than one year
Net Assets £ 640,257 £ 642,941
Represented by:
Members capital 651,099 651,099
Retained Profit/Loss 8,158 3,489
Income and Expenditure 2,684 4,669
£ 640,257 £ 642,941
5. Debtors
2021 2020
£ £
Accrued Interest 1,835 2,998
Jeannette Westwood 180 316
£ 2,015 £ 3,314

6. Creditors: amounts falling due within one year
2021 2021 2020
f_
Accruals and Deferred Income
Shakespeare Martineau 5,285 6,281
Mr G Smith 5,000 10,285 120
10,285 6,401
7. Contingent Liabilities 2021 2021 2020
Billingham Spiritualist Church 11,800
Clitheroe Progressive Spiritualist Church 8,900 3,379
Tamworth Spiritualist Church 6,600 27,300
27,300 3,379

Opening Description Opening Book Dateof Book Costof Net Proceeds Net Proceeds Nominal Cost of Closing Closing Book Dividends & Dividends & Value 5th April Value 5th April Accrued Unrealised Gains Unrealised Gains Realised
Nominal Cost Sale/ Sales of Sale Purchased/ Purchase Nominal Cost Interest 2021 Interest Gains/Losses
Purchase Sold Received
E E E E E E E E E E
£ 223,000.00 Treasury 3.75% Stock 2020 220,729.22 07-Sep-20 220,729.22 223,000.00 £ 223,000.00 £ 4,181.25 - 2,270.78
£ 221,600.00 Treasury 4% Gilt 2022 221,097.25 £ 221,600.00 221,097.25 8,864.00 229,696 699.00 8,598.75
£ 156,357.00 Treasury 5% Stock 2025 166,238.34 £ 156,357.00 166,238.34 7,817.86 185,472 616.00 19,233.66
£ 29,000.00 Treasury 4 1/8% Stock 2030 98,017.30 £ 29,000.00 98,017.30 2,581.95 108,118 520.00 10,100.70
£ 268,000.00 Lloyds Banking Grp 7.625% 27/6/49 225,942.88 27-Jul-20 225,942.88 279,340.00 £ 268,000.00 £ 1,776.96 53,397.12
204,000 Aberdeen Standard European Logistics Ord 1p 210,153.44 204,000 210,153.44 10,118.40 221,340 11,186.56
16,000 John Wood Group Ord 4 2/7p 87,067.89 16,000 87,067.89 42,672 - 44,395.89
cifwd E 1,229,246.32 £ 446,672.10 E 502,340.00 E E 782,574.22 E 35,340.42 E 787,298 E 1,835.00 E 4,723.78 E 55,667.90
Opening Description Opening Book Date of Book Cost of Net Proceeds Nominal Cost of Closing Closing Book Dividends & Value 5th April Accrued Unrealised Gains Unrealised Gains Realised
Nominal Cost Sale/ Sales ofSale Purchased/ Purchase Nominal Cost Interest 2021 Interest Gains/Losses
Purchase Sold Received
E £ £ £ £ £ £ E £ £
b/fwd £ 1,229,246.32 £ 446,672.10 £ 502,340.00 £ - £ 782,574.22 £ 35,340.42 £ 787,298 £ 1,835.00 £ 4,723.78 £ 55,667.90
11,075 Aviva plc Ord 25p 76,737.36 01-May-20 76,737.36 26,267.89 11,075 - 50,469.47
Baillie Gifford Positive Change B Distribution Units 07-Sep-20 34,000 94,618.00 34,000 94,618.00 - 116,382 21,764.00
8,294 BHP Group (formerly Billiton) Ord US$0.50 112,250.73 8,294 112,250.73 9,546.06 171,478 59,227.27
11,375 Blackrock Smaller Cos Trust Ord 25p 50,138.06 11,375 50,138.06 3,696.88 199,745 149,606.94
25,100 BP plc $.25 68,457.92 25,100 68,457.92 5,037.75 72,727 4,269.08
50,542 BT Grp plc Ord 5p 132,449.54 50,542 132,449.54 79,048 53,401.54
102,361.948 Charities Property Fund Prop Fund Uts 100,440.01 31-Dec-20 100,440.01 126,016.25 102,361.948 - 4,950.11 25,576.24
38,824 City of London lv Trust Ord 25p 91,818.89 38,824 91,818.89 7,376.56 146,755 54,936.11
4,000 Diageo Ord 28 101/108p 49,088.54 4,000 49,088.54 2,795.20 120,260 71,171.46
c/fwd £ 1,910,627.37 £ 623,849.47 £ 654,624.14 £ 94,618.00 £ 1,381,395.90 £ 68,742.98 £ 1,693,693 £ 1,835.00 E 312,297.10 E 30,774.67

Opening Description Opening Book Date of Book Costof Net Proceeds Nominal Cost of Closing Closing Book Dividends & Value 5th April Accrued Unrealised Gains Realised
Nominal Cost Sale/ Sales of Sale Purchased/ Purchase Nominal Cost Interest 2021 interest Gains/Losses
Purchase Sold Received
£ £ £ £ £ £ £ £ £ £
b/fwd £ 1,910,627.37 £ 623,849.47 £ 654,624.14 £ 94,618.00 £ 1,381,395.90 £ 68,742.98 £ 1,693,693 £ 1,835.00 £ 312,297.10 £ 30,774.67
3,200 Carnival PLC Ord 161,279.68 3,200 161,279.68 52,019 109,260.68
CRH Ord Euro .32 17-Jul-20 2,400 69,871.00
29-Jul-20 1,700 49,211.62 4,100 119,082.62 517.17 137,104 18,021.38
13,468 Compass Group Ord 11.05p 44,232.13 13,468 44,232.13 201,279 157,046.87
14,258 GlaxoSmithKline Ord 25p 198,782.24 14,258 198,782.24 11,406.40 182,132 16,650.24
20,600 Experian Group Ltd Ord $0.10 79,966.16 20,600 79,966.16 7,568.29 524,270 444,303.84
53,000 Fidelity European Val Ord 2.5p 119,142.45 04-Sep-20 37,000 97,085.70 90,000 216,228.15 4,396.40 250,200 33,971.85
110,000 Henderson Diversified Income Trust Ord lp 99,917.01 110,000 99,917.01 4,840.00 90,860 9,057.01
178,666 HICL Infrastructure Co Ltd Ord lp 217,094.99 178,666 217,094.99 14,739.95 294,442 77,347.01
40,000 J P Morgan Asian Investment Trust Ord 25p 143,348.00 40,000 143,348.00 6,600.00 202,000 58,652.00
178,130 J P Morgan Euro Inv Trust Inc2.5p Shares 63,679.74 04-Sep-20 63,679.74 209,859.58 178,130.00 2,493.82 146,179.84
9,779 J P Morgan Emerging Markets Inv Trust Plc Ord 25p 49,997.35 04-Sep-20 49,997.35 103,626.40 9,779 - 508.51 53,629.05
15,000 J P Morgan Indian Investment Trust Plc Ord 25p 82,373.75 15,000 82,373.75 110,175 27,801.25
50,000 J P Morgan Global Growth & Income Ord 2p 149,042.20 04-Sep-20 28,000 97,665.88 78,000 246,708.08 8,407.40 322,140 75,431.92
J P Morgan US Equity Income C Onc Navigation Units 08-Sep-20 30,000 98,010.00
19-Nov-20 30,000 102,584.63 60,000 200,594.63 173.63 224,100 23,505.37
11,000 Land Securities Group plc Ord 10 2/3p 111,288.95 17-Jun-20 111,288.95 69,158.80 11,000 - 42,130.15
Legal & General Ord 25p 29-Jul-20 45,000 101,323.00 45,000 101,323.00 2,218.50 127,530 26,207.00
12,750 Lowland Investment Co Ord 25p 143,764.56 12,750 143,764.56 7,650.00 154,913 11,148.44
22,132 Lloyds Banking Group Ord 10p 121,455.35 04-Sep-20 121,455.35 5,974.41 22,132 5,108.75 115,480.94
33,867 Morrisons (Wm) Supermarkets plc 10p 94,994.85 33,867 94,994.85 3,684.73 61,435 33,559.85
91,041 Melrose Industries Ord 6.857143p (formerly GKN) 96,158.05 91,041 96,158.05 - 157,956 61,797.95
30,000 Morant Wright Nippon Yield B Distribution 104,056.82 30,000 104,056.82 3,106.53 104,898 841.18
18,500 Murray Intl Ord 25p 209,642.60 18,500 209,642.60 9,897.50 220,890 11,247.40
25,988 National Grid plc Ord 12.431289p 77,437.66 25,988 77,437.66 12,734.12 224,380 146,942.34
64000 North American Income Trust 5p 198,124.60 19-Nov-20 36,000 83,101.00 100,000 281,225.60 6,956.00 261,000 - 20,225.60
14,250 Polar Capital Tech Trust Ord 25p 49,904.98 14,250 49,904.98 317,490 267,585.02
5,800 Reckitt Benckiser Ord 10p 43,704.02 5,800 43,704.02 10,126.80 376,768 333,063.98
clfwd £ 4,570,015.51 £ 970,270.86 £ 1,043,243.33 £ 793,470.83 £ 4,393,215.48 £ 191,877.48 £ 6,291,674 £ 1,835.00 £ 1,898,458.52 £ 72,972.47
Opening Description Opening Book Date of Book Costof Net Proceeds Nominal Costof Closing Closing Book Dividends 8, Value 5th April Accrued Unrealised Gains Realised
Nominal Cost Sale/ Sales of Sale Purchased/ Purchase Nominal Cost Interest 2021 Interest Gains/Losses
Purchase Sold Received
E £ E £ £ E £ E £ £
b/fwd E 4,570,015.51 £ 970,270.86 £ 1,043,243.33 £ 793,470.83 £ 4,393,215.48 £ 191,877.48 £ 6,291,674 £ 1,835.00 £ 1,898,458.52 E 72,972.47
10,000 Relx Ord 0.14444 195,157.70 10,000 195,157.70 4,570.00 183,450 11,707.70
3,945 Rio Tinto Ord 10p 120,736.39 3,945 120,736.39 11,724.93 216,147 95,410.61
- Rh
T Capital Partners Ord E1		 14-Jan-21 8,200 168,368.15 8,200 168,368.15 195,980 27,611.85
7,824 Royal Dutch Shell Plc 'B' Shares Eur 0.07 38,312.83 7,824 38,312.83 3,850.19 104,466 66,153.17
21,700 SAGE Ord 1.051948p 148,088.29 21,700 148,088.29 3,743.25 135,582 12,506.29
140,000 Man Asset Mgmt Ireland Ltd (form Sanlam) Strat Bond IXF GBP I 156,851.20 140,000 156,851.20 4,830.00 145,670 11,181.20
36,250 Scottish Mortgage Inv Trust25p 49,605.17 36,250 49,605.17 1,199.88 421,769 372,163.83
4,700 Severn Trent 97.89p 83,035.39 4,700 83,035.39 4,731.96 108,382 25,346.61
8,700 Smiths Group plc Ord 37.5p 101,256.16 8,700 101,256.16 3,045.00 136,242 34,985.84
7,500 Smith and Nephew Ord 20p 99,743.50 7,500 99,743.50 830.25 101,925 2,181.50
4,300 Smurfit Kappa Ord 99,660.62 4,300 99,660.62 3,195.64 149,196 49,535.38
36,500 TR Property Inv Trust 25p 82,850.63 29-Jul-20 22,000 74,600.00 58,500 157,450.63 6,254.00 230,783 73,332.37
25,566 Tate & Lyle plc Ord 25p 122,193.58 25,566 122,193.58 7,567.54 195,682 73,488.42
85,000 Valu-Trac VT Gravis UK Infra Inc I Net Income 99,079.65 05-May-20 40,000 41,375.93
30-Jul-20 45,000 48,916.11 170,000 189,371.69 6,707.10 181,572 7,799.69
60,550 Vodafone Group USD 0.2095238 121,807.49 60,550 121,807.49 4,880.74 80,919 40,888.49
153,000 Yeoman Inv Trust 10p ZDP (in liquidation) 153,000
Totals E 6,088,394.11 £ 970,270.86 E 1,043,243.33 £ 1,126,731.02 E 6,244,854.27 E 259,007.96 £ 8,879,439 E 1,835.00 £ 2,634,584.73 £ 72,972.47

eneficiary £
Psychic Press Ltd 75,060.00
Arthur Findlay College 25,500.00
Leicester Progressive Spiritualist Church 7,000.00
Mr G Smith 5,000.00
Bloxwich National Spiritualist Church 5,000.00
Fulham Spiritualist Church 4,200.00
Albert Road Spiritualist Church 3,379.00
Darren Brittain 2,100.00
Mrs A Salisbury 1,000.00
Mrs S Snow 500.00
Mrs L Bond 500.00
Mrs Eileen Davies 500.00
Mr G Smith 500.00
Mr A Stuttle 500.00
Total 130,739.00
Less
Donations Received from Summerland Trust 90,000.00
40,739.00
Add
JV Trust Reunion Week
JV Trust Week 2020
J V TR Limited
JV TR Property Limited I..
Total Net Financial Assistance £ 40,739.00