Charity Registration Number 273818 ROWAN BENfALL CHAIUTABLE TRUST R.11 TRUSTEES, REPORT AIYD FINANCIAL STATEMENTS YEAR ENDED 5 APIUL 2022
ROWAN BEwfALL CHARITABLE TRUST R.1 I CONTENTS Page R¢f¢ren¢e and Administration Details TTUStees' Atlla1 Report Stst¢ment of Trnstc¢8' RcsponsibilitiC5 tndependent Exarniner's Report Statement of FillClaI Activities Balance Sheet io Notes to the Financial Slatemenls 11- 18 Valuation of Securities Appendix A
AOWAN BELYTALL CHARITABLE TRUST ILII YEAR ENDED S APRIL 2022 REFERENCE AND ADMINISTIL4TION DETAILS ReRistered charlty Dame Charity registration nuTnber (UK) Principal address of Charity Rowan Bentall Charitable Trust R.1 I 273818 POBox109 Ha51emere GU27 9GW Settlor Leonard Edward Rowan Bentall (dec'd 2410711993) Edward Bentall DL, FCA Alaslair Bent811 Katc Bentall Holly Hunter Sarah Haines Sarah Thompson Abigail Shaw Trustee5 ADVISERS: Bankers Natwest Bank PLC 5 Market Place Kingston upon Thames Surrey KTI IJX SolRcitors Withers LLP 20 Old Bailey London EC4M 7AN Accountants Dcloitte LLP I Station Square Cambridge CBI 2GA llldependent examiner C Dougherty FCA Lakin Rose Litnited Pioncer House Vision Park Hislon Cambridge CB24 9NL Investment managers Evelyn Partners (formerly Smith & Williamson until 13 Junc 2022) 45 Gresham Street London EC2V 7BG
ROWAN BENTALL CHAIU'I'ABLE TRUSI ILII YEAR ENDED S APRIL 2022 TRUSTEES, ANNUAL REPORT The Trustees present iheir report and the financial statements for ihe year ended 5 April 2022. The financial statements have been prepared in accordance with the accounting policies sel out in note I to the financial statents and comply with the Charities Act 2011, the Finan¢ial Rcporting Standard 102 (effcctivc January 2019) and the Provisions of the trust deed of 6 December 1972. STRUCTURE, GOVERNANCE AND MANAGEMENT The RowaTh Bentall Charitable Trust R. I l is an unincorpordted irrevo¢ablc trust, consiiluled under a trust dccd dated 6 Decembcr 1972 for charitable PULPOSCS, With assets provided by tEonard Edward Rowan Bentall. It is a registered charity. charity number 273818. The power of appointing new twslees was vested with the settlor during his lifetime, and is now vegtcd in the Trustees. Oll appointment. new ttustces are provided with inforn]alion on the strLLcttwe, adKniDistration, policies and proc¢dLes of the Trust and the duties of the Trustees. Where appropriate, and depending on the existing knowledge and experience ill thc charities seclor of the incoming Trustee, any ncw Trustcc is encouraged to consider whether they would benefit from external training. D¢tails of the Tru8tccs who served during the year and since the year-end are set out in th¢ Rcfcrcncc and Administration Dctails. The Truslees providc their servi¢¢s without ckngc and no trusfre8' remuncration was paid during the year. Ail mattcrs of policy and management are detern]ined by the TnteeS who routinely meet at least once a year and as circumstances require. OBJECTIVES AND AcfiviTIES Summary of objectives ¥s set out In the governing document The objectiv¢s of th¢ chaTity including the ant nkIng policy ar¢ as follows.'- The Trnstees have the power to pay or apply the in¢ome and 50 much of the ¢apital of thc Trust Fund to such cxclu5ivcly charitable objects dpurposeS as th¢y. in their absolute dis¢tIOn think fit. This includes, withoul limitstion, the application of the Trust Fund for the Telief, maintenance, support and provision of ameniiies of such of the forni¢r employees of Bentalls PLC (including the employees of any associafrd or subsidiary cottLpany or any successor to them), and their widows, widowers, children and dcpcndants as the Trustees in their discretion may consider to be in need through poverty, ill-healllL or some similar reason. The accumulation period ended on 6 Dcccmber 1993. From this datc, the whole of the llet available a[Ual inwme has to bc distributed by the Trnslees. The Tnlst's aim is to assist such oth¢r Ckwities as the Tte¢S in their absolute discretion think fit in achieving their aitDs by awarding grants (with rcgard to the r¢lief, maintcnance, support and provision of amenities for such former employees of Bentalls PLC and associatcd companies and their widows. widowers, children and dependdnts the Trustees consider to bc in need). The Trust &ims to award grants caeh year to other charities totalling at least the Trust's net available income. the Trnstees may also, if they see fit, have tccoursc to the a¢cumuiated incomc all0[ capital in achieving its aims.
ROWAN BENTALL CHAIUTABLE TRUST ILII YEAR ENDED 5 APRIL 2022 TRUSTEES, ANNUAL REPORT The Trustees will consider applications (which meet its criteria for grants) under the following headings- (a) the advancemeni of health or the saving of lives. (b) local churches repair, mainfrnance, and improvctnent etc.. (c) the relief of those in need, by reason of youth, age, ill-health, disabiliry, finan¢i&l hardship or other disadvaniage.. chil(thood and youth, old age and welfar¢' (d) the advan¢em¢nt of educatioll., (e) the advancement of environmental protection or improvement. (fj the advancemenl of animal wcLfarc {g) atly othcr purp05cs curr¢Iitly rccogniscd as cbaritable or which arc in thc spirit of ally purposes CentlY recognis¢d as CIltable which fall within paragraph (tTr) of sectioll 3(1} ChtieS Act 2011. The Trustees have absolute discretion as to whether to approve a grant to any particular applicant and will not give rcasons for any r¢SaI. Summary of main activities undertaken for the pub]ic benefit During the year ended 5 April 2022, the Trustees have exercised their discretion. with regard w thc donations llLadc in th¢ year? supporting charities in South¢rn England whi¢h fa]1 within the ¢ategories (a) to (g) mentioned above. The Trustees have corL8idered the Charity Commission's guidance on the operation of public benefit under the Charities Act 2011 and consider that the requirements have been met. ACHtEVEMEf+tfS AI¥D PERFORMANCE In the year ended 5 April 2022 the Trustees made donations totalling £56,705 tr) a total of 121 different charitable organisations operating in a widc vari¢ty of sectors. Most of the donations were for sums of between £250 and £1,000, the ttLOSt common sum being £250, in a¢cordan¢e with the Tees, desire to help as many charities as possible, subject to the limitations of available resources. The largest grant made was £3,0(M) to the charitics, Kingston & District Sca Cadct co$ and Retsil Tntst. 38.530/0 of the total grants made were to provide relief for those in need by reason of Youth, Age, Tll- Hcalth, Disability, Fitmncial Hardship ur Other Disadvantsge. Detsils of the 8raDts made to instithtions can be found in Note I I to the accounts. The Trustees look closely at all applications put before th¢m with a view to I)king at the number of potcntial bcneficiaries und are keen to ensure thaL as far as is possible. and depending on the category of the application, grants are awarded where there is either the greatest need OT the widest benefit to the general public. FINANCIAL RF.VIF.W Total unrestricted funds as at 5 April 2022 amouot to £3224,412 compared with£3,146,034 itlthe previous year. No restrictcd funds are held as at 5 April 2022. The Tnl¢eS aim to distribute the available net income as detailed in the Objectives and Activities section of thc TTU5tccs' r#p()rt above. At tbe amiual truslee meeting, an allnual donatiim list is agrced by the Trustees. During the year, decisions on awarding thc grants are dclegatcd to two TrustCC5. and thcse arc confirnied by a]1 Tti)stees at the aDnual lntee meeting.
ROWAN BENTALL CHAtUTABLE TRUST ILII YEAR ENDED 5 APRIL 2022 TRUSTEES, ANNUAL REPORT The incoming income resources of the Trust for the year ended 5 April 2022 amounted lo £58.089, of which £58,020 wa8 generated from its investments held with Eivelyn Partners. after accounting for accrued income of £605 that rcl&tcd to thc PTLOT year. The bdlance of income relates to bank int¢r¢st and tax credits on the investment income. Of the incoming income resources, £56.705 was distnThuted by way of charitable grtS and invesiment mallagement expenses of £15,049, governance costs of £12.887 and suppott costs of £4.666 absorbed £32,602. This resulted in expenditure exceeding income by £31218 for the year. The value of the investments under management was £3.015.745 & 5 April 2022 (2021- £2.936.479). The invcstment portfolio is under discretionary managcmcnt with the stockbrokers, who undertake a rnoderate risk inVeStent policy and review the investsnent performance regularly with the trust¢¢s. The1rn5fres have considered the effect of the Covid-19 pand¢mi¢ and do not consider that this will prevent the Trust from continuing, as they do not have fiJndin8 commitments Wkth any of their donees. The Trustees will keep the Tnt continuing as a going concern. The Trustees have wid¢ powers ofinvestrneni and the overall objective As to tnaximlse the long terni relum of the Tnt's The Trustee4 maintain a written investment policy that further details the managemenL risk and ¢thi¢&l poli¢y of the investtnent funds. Reserves policy The trustees consider the &8sets of the Tnt as"exp¢tKlable endowm¢Tht" lo provid¢ Income from w]Jich io akc donations al not as reserves. Any unrestrictd funds not committed or invested in tangible red assets ('the free reserves,) are held to fund managcment, administration and support wsts and continuing donations ill furtherance of the chariry's objectives. Applications for grants. haye continued ¢lt a similar l¢v¢l to last year. Having regard to the lik¢ly levels of incoming resources and direct charitable expenditure. the TteS are satisfied that the funds and assets at 5 April 2022 as reflected in the balance shed 8Te available and adequate for the Trustees to fulfil the obligations of the Clwity and maintain its op¢rdtions.
ROWAN BENTALL CHARITABLE TRUST ILIJ YEAR ENDED 5 APRIL 2022 TRUSTEES, ANNUAL REPORT PLANS FOR FUTURE PERIODS Thc Tnte¢S intcnd to continue to 8UPPQrt charitable objcctives as set out in the governing document. The Trustees intend to Continue iheir involvemenl with the London Community Foundation and look to make more donations within the Kingston Upon Tharnes catcbment arca. Approved by the Trustees and signed on thelr behf by: TRUSTEE TRUSTEE DATE: DATE
ROWAN BE.NTALL CHARII'ABLE TRUST iLII YEAR ENDED S APRIL 2022 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trnstees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). T])e law appli¢able lo charities in England and Wales requires the Tn]stees to prepare financial stalements for cach financial y¢ar which give a true and fair view uf the slate of affairs of the charity and of the itlcoming resource8 and application of resources of the chaTity for that peTiod. In preparing thcsc finallcial statements. the trnstees are requireil to.. se11 suitable accounting policies and then apply thetTh consistently; observc the rnethods and principles in thc Charitics SORP. make judgments and estimates ihat 8sc reasonable and prudent., state whether applicable accounting standards have been followed. and prepare the financial statements on thc going concern basis unless it is inappropriate to PTesume thAt the charity will continue in bsIneSs. The Truslees are responsible for keeping proper accounting records that disclosc with reasonable aCCUTacy at any time the fmaucial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Finan¢iai Reporting Standard 102 {cffcctive January 2019) and the provisions of thc trust d¢ed. Th¢y are also respoll5ible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventiim) and detection of lld and other irregularities. The Trustees arc responsible for thc znaint¢nance and integrity of the charity and fitian¢ial infornthtion included on the charily's websile. Legislation in the United Kingdom governing the preparation and dissemination of financial statments may differ from legislation in other jurisdtctiofts. Approved by the Trustees 2nd signed on their behalf by: TRUSTEE TRUSTEE DATE: DATE:
ROWAN BENfALL CHARrrABLE TRUST ILI I INDEPENDENT EXAMINER'S REPORT YEAR ENDED 5 APRIL 2022 Independent Examlner's report to the Trustees of Rowan Bentall Charitable Trust IL 11 I report on the accounts of the charitable trnst for the year ended 5 April 2022. which set out on pages 9 to 18. This rcport is madc solely to the charity's Tnlees, as a body, in a¢cordance with section 145 of the Charities Act 2011 and regulations mad¢ und¢r seclion 145 (5) (b) of that A¢l. My work has been undertakcn so that I n)ight State to the Chty'S Trustecs those tnatters l am rcquired to state to thcm in an Independent exaD]incr's report and for no other pury)se. To the filll¢st extcnt permittcd by law, I do not accept or assllme responsibilily to atLyonc othcrthan the charity and the charity's Tntsle¢s as abody, for my worK for this reporL or for the opinions I have fonn Respectlve Tespollsfibllities of Trustees and Examiller The charity'5 TTUStees are resp)nsible for the preparation of the ountS. The clwity's Trustees considcr that an audit is not required for this year (under section 145(1) of the Charities Act 2011 (th¢ 2011 Act)) and that an ind¢pendcnt examination is n£c41e(L It is my responsibility to: examin¢ the accounts (undcr section 145 of the 2011 Act). to follow the Procedures laid down in the General DircctioDS given by the Cbatity Commissioners (under section 145{5)(b) of the 2011 Act); and to stat¢ whethcr particular matters bave com¢ to my attention. Basis of independent examiner's report My examination was carried out in accordance with General Direction8 given by Ihe Charity Cornmissioners. ATh exgmination includes a review of the accounting records kept by the chaTiry and a comparison of the accounts prcscDt¢d with those records. It also includ¢s consideration of any unusual items or disclosures in th¢ accounts, and seeking explanations from the Tnl¢eS concerning any such matters. The procedures undertaken do not provide all rhe evidence that would be required in an audit, and consequ¢nily no opinion 15 given as to whether the financial Btatements present a 'ttue and fair vi¢w' and the report is limited to those mallers out in ihc statement below.
Independent Examiner's statement In connection with my examination. Do mattcT has ci)m¢ to my attention: (l) which gives me reasonable cause to believe that, in any material respect. the requirements-. to keep aecounting records in accordance Mth section 130 of the 2011 Act- and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met. or (2) to which, in my opitLion. altention should be drawn in order to enabl¢ a proper understanding of the accounts to be reached. Signed.. Dat¢d.. 24 October 2022 C P J Doughety. FCA Lakin Rose Limited Pioneer House Vision Park, Histon Cambridgc. CB24 9NL
ROWAN BE.YTALL CHAIUTABLE TRUST R.1 I YFAR ENDED S APRIL 2022 STATEMKNT OF FllNANC ACTIVITES Note lllcome fund Capital fynd TotAI Unrestric- ted Funds 2022 Tot81 Unrestric- led Fund5 2021 Investments Accrucd income Additional tax due r¢. Rowan Bentsll Trust R8 Bank interest Income lax recoverable Invcstment income Realised gains on investmcDts UnTealised gains on investments (605) (605) 1.418 (2,267) 66 337 64,606 19,955 676,175 62 58,625 62 58,625 76,559 29,847 76.559 29,847 Total income 58,089 1116,406 164,495 760290 Cost of generating funds Inveslment management cos Charitable activities Grants payable Goverllanee Costs Support costs 15,049 15,049 13,373 56,705 12,887 56,705 12.887 4,666 53,080 20,454 5,287 Total expenditure 89J07 89J07 92,194 Net Ineomel(expendlture) (31,218) 106,406 75.188 668,096 Other re¢ognlsed gains and Oos5es) RBS litigation cash Unrealised gains on foreign exchange 3.144 46 3,144 46 1,520 (4,415) Net movement in fwid5 (31,218) 1(19,596 78J78 665,201 Reconciliation of funds: Balance8 brought forward at 6 ApIil 2021 14.150 3,131,884 3.146,034 2.480,833 Transfer between filluls 17.068 (17.068) Bal&nceg c4rried fonvard at 5 Aprll 2022 3,224,412 3,224,412 3,146,034 All recogniscd gains and losses bave been included in the Stat¢ent of Financial Activities nd the arnoullts included are derived from ci)ntinuing activitics of tbe TDJSt. The Notes on pages I I to 18 forn) part of these fmancial statements.
ROWAN BENTALL CHARITABLE TRUST ILII YEAR ENDED S APRIL 2022 BALANCE SHEET AS AT 5 APRIL 2022 Note Total Unrestric- ted Funds 2022 Total Unrestric ted Funds 2021 FIXED ASSETS Investments 3,015,745 2,936,479 CURRENT ASSETS Debtors Accrued income Dividends receivabl¢ tncome tax and repayment interest receivable Investments Cash at bank and in hand 813 6,933 432 1.418 7,477 370 216,067 215,833 224,245 (15,578) 225,098 (15.543) CREDrroRS: amounts falling due within one year IYET CURRENT ASSETS 208,667 209,555 NET ASSETS 3,224,412 3,146,034 The funds of the charity Capital Income 3.224,412 3,131,884 14,150 io 3,224,412 3,146,034 Th¢ Notes on pages l I to 18 fonn part of these fllwicial statements. Approved by the Trustees and signed on their behalf by: TRUSTEE TRUSTEE DATE: 2-8J.y6ThL DATE: io
' ROWAN BENTALL CHAIUTABLE TRUST RII YEAR ENDED 5 APRIL 2022 NOTES TO THE FllYANCIAL STATEMENTS ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Statement of Recommended Practice 'Ac¢ounting and RqM)rting by ChariÉies' (SORP January 2019), Financial Reporting SL2ndard 102 and applicable United Kingdorn accounting standards. The particular accounling policies adopted by the TTUStees are described below. Going concer Thc Trustees considerthat the chatityhas sutticientresourcesto conlinuc in operntional cxisten¢e for the foreseeable futsrc. The Trustccs have a reasonable expectation that the charity is well placed to manage its business successfully despitc th¢ current uncerlain economic oullook. Accordingly they continuc to adopt a goiDg concern basis in preparing thc financial statcmcnts.. Basis of accountlng Thc financial statemcnts have been drnwn up under tILe historical cost convention as mi)dified by the revU8tiOD of inve5tttLents. Ineome All income is recognised in thc Statement of Financial Activities when the conditions for cntitlcment and receipt have been rnet and there is rcasonable assurallrx of receipt. Charitable actlvities Grants made by the Trust are charged against income in the y¢ar in which they are awarded. Support and Governante costs Governance costs are the administrative and management costs in support of charitAble objects. These costs include indepcndent examiuation and other costs associat¢d with statOry rcquirements. Inve5tmellts Listed investments are stated at closing llJiddl¢ market price as at 5 April 2022. All movements in value are shown in the Statement of Financial Activitic5. Income from listed investn]cnts is re¢ogDised as income whenduc togetherwith any associated recoverdble iThcome tsx or tax crcdit. Rcaliscd and wwcalised gains and loss¢s arc shown separatcly in the appropriate section of the Ststcmenl OfF1rncial Activities. CHARITABLE STATUS Thc Trnbt is a registcred charity, and is exelnpt from income, corporation and capital gains tax providcd Als income and gains arc applied lor charitable purposcs. RELATED PARTY TRANSACTIONS AND TRUSTEES, EXPENSES AND REMUNERATION During the year the charity made grants of £3,000 (2021. £3,000) to Kingston and District Sea Cadet Corps of which Edward Bcnt&ll is thc Prcsident and a trusiee. The charity rnad¢ a grant of £2.050 (2021, £1,500) to Old Bentallians Association wherc Edward Belltall 18 the President. The chaTity Made a grant of £1,000 (2021. £1,000) to The Scientific Exploration Society where Edward Bentall's wife is a Vice Prcsident.
ROWAN BENTALL CHAIUT ABLE TRUST ILI I YEAR ENDED 5 APRJL 2022 NOTES TO THE FINANCIAL STATEMENTS TRUSTEES, REMUNERATION No remuncrntion or expenses wcre paid or payable in respect of the currctrt or prior year out of the funds of the Trust either directly or indirectly to any trustee. EMPLOYEES There were no full or part time employees during the ¢urrent or prior year. 12
' ROWAN BENTALL CHARITABLE TRUST ILII YEAR ENDED 5 APRIL 2022 NOTES TO THE FINANCIAL STATEMENTS GRANTS PAYABLE Thc followillg grants were made in accordance with the Tn]st's obj¢¢tives: 2022 Number Amount 2021 Number AmouJ)t rants (Note I l) 121 56,705 131 SUPPORT AND GOVERNANCE COSTS Page 2022 2021 Goverllance costs Accountancy fees- Rl I Prior year under provision - Deloitte fees Accountancy fees- R8 Independcnt ¢ximination fces Prior year over provision- Lakin Rose 10.994 1,293 14,154 4,800 1,500 900 (300) 12.887 20,454 Support eosts Office costs 4,666 5,287 INVESTlINTs Page 2022 2021 Market value at 6 April 2021 Additions at Cost Sale proceeds from disposals Realised gain Profit on rcvaluation 2.936,479 2,263,936 277,032 223,315 (304.172) (246.902) 76,559 19,955 29.847 676.175 Market value Plt 5 April 2022 io 3,015,745 2,936,479 Total inv¢8tments Listed investtThent5 Cash at bank and as part of investment portfolio io io 3,015.745 216.067 2,936,479 215.833 3,231.812 3.152,312 13
ROWAN BENTALL CHAIUTABLE TRUST ILII YEAR FNDED 5 APRII. 2022 NOTES TO THE FINANCIAL SI'A'fEMENTS LJABTLJTIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Pgge 2022 2021 Accountancy charges Independent examination charg¢s InVesent managemcnt charges Secrctarial ¢harges and travel ¢osts 10,994 900 3.552 132 9,894 1,200 3,481 968 io 15,578 15,543 10. ANALYSIS OF ASSETS BETWEEN FUNDS Page Capita] fund Jncome fund Total Total Unrestric Unrestric- ted Funds ted Funds 2022 2021 A¢¢ru¢d interest Cash at bank and in hand Dividends rcccivable In¢ome recoverable Listed invcstments 813 7,400 6,933 432 813 216,067 6,933 432 3.015.745 1,418 215,833 7,477 370 2,936,479 208,667 3,015,745 3224,412 15,578 3239,990 (15,578) (15,578) 3.161,577 (15,543) Less Ilabilitics io 3,224.412 3,224.412 3,146,034 The capital comprises.. (i) The amount settled since ihe Trust was ¢reated; (li) Movcments in the investment portfolio. (iii) Lc5s costs of maintainiDg thc capital such as broken, fees. 14
' ROWAN BENTALL CHARITABLE TRiiST ILII YEAR ENDED 5 APRIL 2022 NOTES TO THE FINANCIAL STATEMEI¥4TS ii. CHARITABLE GRANTS l. The Advancement of Health or Saving of Lives Abbeyficld Rcading Society Asthma Relief Barnabas Hospices BLESMA Broughton Covid19 Appeal Care for the Carer5 East Sussex Chaseley Trust Children's Trust Community Foundation for Surrey Friends of Kingston Hospital Hampsbir¢ & Isle of Wkght AIT Ambulance Jigsaw Trust Kent Sllrrey & Sussex Air Amblllance Tnt Kingston Hospital Charity Mje Curie Naomi House and Jacks Pla¢¢ Oakleaf Princess Alice Hospice Rockinghorse Royal Hospilat for Neuro Disability Salisbury Hospice Chatity SDAC Sebastian'8 Action Trust Shooting Star Cbildren's Hospicelchase St Bamabas Housc H05pice The Brain TutNour Trust Tommy's Walking With The Wounded Woking and Sam Beare Hospices Yeldall Manor Young Epilepsy 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 261.25 250.00 500.00 250.00 250.00 i.000.(K) 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 25D.00 500.00 250.00 2.500.00 250.00 250.00 250.00 1250.00 250.00 12,261.25 2. Local Churches- repair, maintenallce and improvement. Friends of St Marfs Church Brougbton St AndS Church. Ham i.O(M).00 250.00 1250.00 15
ROWAN BENTALL CHAIUTABLE TRUST ILII YEAR ENDED 5 APRIL 2022 3. The Relief of those in Need by reason of Youth, Age, 111-HeAlth. Disability, Flnfdnclal Hardshlp or Other Di52dv2ll¢age Aspens Kent Forest School BEAMS Care For Veternns (Queen Alexanth? Hospital Home) Charterhou5c UkTaine Appeal Children With Special Needs Combat Stress Contact The Elderly CRUSE Derby Toc H Children's TnLSt Enham Trust Fashion & Textile Children's Tyust Focus Surrey GASP Gurkba Welfare Tst Halow Happy Days Help for Heroes Life and Soul Youth Work Lighihouse- Jigsaw Project Mail Force - UkraiThe Appeal Missing People Mustard Seed Autism Tntst NSPCC Old Bentallians Association PTSD Resolution Queen Elizabeth'5 FouDdation for Disabled Pcoplc Relail Trust Ritles Rcgimcnt Trust Royal British Legion Royal Cambridge Home Royal Star & Gartcr Homes %CAMPPS Surrey Second Chance SSAFA Stand Against Violence STUBS The Brigitte Trust The Mission to Seafarers The Not Forgotten Association The People Hive Th¢ Tunbridgc Wclls Counsclling Centr¢ The Vineyard Cottununity Centre 250.00 250.00 250.00 250.00 500.00 500.00 250.00 250.00 250.00 250.00 1,500.00 250.00 250.00 250.00 250.00 250.00 i.000.00 250.00 250.00 1,000.00 250.00 250.00 250.00 2,050.00 550.00 250.00 3,000.00 500.00 250.00 500.00 500.00 250.00 2,500.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 500.00 21.850.00 16
' ROWAf4 BENTALL CHAIUTABLE TRUST ILII YF.AR ENDED 5 APRIL 2022 4. The Advancement of F.ducation Bedelsford Slhool Association Bmughton Primary School Bunbury ESCA Festival Chobharn Cricket Club Creative Youth Friends of Kingston Museum HoTsc Rangers Association Kingston & District Sea Cadet COTPS London Youth Perennial Polka Thcatre Pony Club Sisley & Sandow Chase Branch Quest Riding for The Disabled Association Rentslart Rose Theatre Scientifi¢ Exploration Society Seal Church of England Primary School Stowe School Foundation sU¢Y Cricket Foundation Sussex Clubs for Young People The Amber Foundation The Brnnel Museum The Mary Rosc Tnt Th¢ Spirit of Normandy Trnst Thrive Valley End Cricket Club Ch¢ri-Trcc Appeal West Berkshire Mencap 250.00 500.00 i.(K)O.00 190.00 i.(K)O.00 250.00 1,000.00 3,000.00 250.(M) 250.00 250.00 500.00 250.00 250.00 500.00 i.000.00 250.00 1,000.00 1,000.00 250.00 250.00 250.00 250.00 500.00 250.00 500.00 250.00 15,190.00 5. The Advancement of Environmental Prote¢tion or Improvement Bumblebee Conservation Tnjst Buticrfly Conservation Hampshire & Isle of Wight Wildlife Trtt Marinc Conservation Society Pakenham Water Mill Appeal Sayers Croft Trust slley Wildlife Tnt 250.00 250.00 250.00 250.00 250.00 250.00 250.00 1.750.00 17
ROWAN BENTALL CHARITABLE TRUST ILII YEAR ENDED 5 APRIL 2022 6. The Adv4ncement of Animgl Welfare Compassion in Fanning David Shepherd Wildlife Foundation Greatwood Charity GicykLOLLnd Trust Marine Conservation Society Prickles Hedgehog Rescue Wild Camel Protection Foundation 250.00 250.00 250.00 500.00 250.00 100.00 250.00 250.00 2,100.00 7. Any other purpose5 ¢urrently reeogtiised as charitable or are ill the spirit of any puryoses currently recognised as charitable ChobhallL Busilless Club Charity Mayorfs Charity Kingston Upon Thames Rotary Club of Kingston Upon Thames Saints & Sinners Club Charity Golf Day iOO.(K> 1,000.00 1,000.00 203.97 2 303.97 Total Grants 56 705.22 18
Appendix A
Smith & Williamson
Valuation Report as at 5 April 2022
Rowan Bentall Charitable Trust
Valuation of Assets
| Managed | Portfolio - Discretionary | Book Cost | Price | Value | Total | Estimated Gross Income |
Estimated Gross Yield |
|---|---|---|---|---|---|---|---|
| GBP | GBP | % | GBP | % | |||
| Cash | |||||||
| Cash Accounts | |||||||
| USD | Income Account USD (MACC.ACC.INC.USD) | 0.00 | 0.00 | 0 | 0.0 | ||
| USD | Investment USD (MACC.INV.USD) | 970.21 | 0.03 | 0 | 0.0 | ||
| GBP | Income Account GBP (MACC.ACC.INC.GBP) | 520.95 | 0.02 | 0 | 0.0 | ||
| GBP | Investment GBP (MACC.INV.GBP) | 149,771.47 | 4.73 | 0 | 0.0 | ||
| Bonds | |||||||
| Sterling (GBP) | |||||||
| Corporate | |||||||
| GBP 30,000 | BURFORD CAPITAL PLC 6.125% GTD SNR NTS 26/10/24 GBP100'REGS' | 30,120.00 | GBP 102.175 | 30,652.50 | 0.99 | 1,838 | 5.8 |
| (XS1391063424) | |||||||
| 161 days interest accrued from 26-OCT-2021 | 812.74 | ||||||
| 31,465.24 | |||||||
| Preference Shares | |||||||
| 75,000 | LLOYDS BANKING GROUP 9.25% NON-CUM IRR PRF SHS GBP0.25 | 72,448.19 | GBP 1.5545 | 116,587.50 | 3.68 | 6,938 | 6.0 |
| (GB00B3KS9W93) | |||||||
| Fund | |||||||
| 100,000 | CQS NEW CITY HIGH YIELD FUND LTD ORD NPV (JE00B1LZS514) | 40,562.88 | GBP 0.537 | 53,700.00 | 1.70 | 4,470 | 8.3 |
| 29,335 | SEQUOIA ECONOMIC INFRAST INC FD LTD NPV (GG00BV54HY67) | 31,331.29 | GBP 1.024 | 30,039.04 | 0.95 | 1,833 | 6.1 |
| Other Currencies | |||||||
| Fund | |||||||
| 300 | CG PORTFOLIO FUND PLC REAL RETURN FD-CLS'A'SHS GBP | 30,161.35 | GBP 206.96 | 62,088.00 | 1.96 | 901 | 1.5 |
| (IE0034304117) | |||||||
| 25,000 | CVC CREDIT PTNRS EUROPEAN OPPS LTD ORD NPV GBP | 29,343.94 | GBP 0.9985 | 24,962.50 | 0.79 | 1,250 | 5.0 |
| (JE00B9MRHZ51) | |||||||
| Alternatives & | Multi-Asset |
|
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AL.6518 LON280
Smith & Williamson
Valuation Report as at 5 April 2022
Rowan Bentall Charitable Trust
| Managed Portfolio - Discretionary | Managed Portfolio - Discretionary | Book Cost | Price | Value | Total | Estimated Gross Income |
Estimated Gross Yield |
|---|---|---|---|---|---|---|---|
| GBP | GBP | % | GBP | % | |||
| Alternatives | |||||||
| Gold & precious | metals | ||||||
| 1,000 | WISDOMTREE METAL SECURITIES PHYSICAL GOLD (JE00B1VS3770) | 78,823.40 | USD 181.81 | 138,924.12 | 4.39 | 0 | 0.0 |
| Hedge Funds | |||||||
| 250 | BLACKROCK STRATEGIC FUNDS BLACKROCK GLOBAL EVENT DRIVEN D2 | 28,409.44 | GBP 123.06 | 30,765.00 | 0.97 | 0 | 0.0 |
| GBP HGD (LU1373034930) | |||||||
| Property | |||||||
| Direct | |||||||
| 45,000 | GREENCOAT UK WIND PLC ORD GBP0.01 (GB00B8SC6K54) | 47,533.50 | GBP 1.555 | 69,975.00 | 2.21 | 3,474 | 5.0 |
| 56,250 | SUPERMARKET INCOME REIT PLC ORD GBP0.01 (GB00BF345X11) | 57,040.20 | GBP 1.3 | 73,125.00 | 2.31 | 3,341 | 4.6 |
| 50,000 | TRITAX EUROBOX PLC ORD EUR0.01 (GBP) (GB00BG382L74) | 56,084.50 | GBP 1.07 | 53,500.00 | 1.69 | 2,500 | 4.7 |
| 60,000 | VH GBL SUSTAINABLE ENERGY OPPS PLC ORD GBP0.01 (GB00BNKVP754) | 60,360.00 | GBP 1.17 | 70,200.00 | 2.22 | 3,000 | 4.3 |
| Equities | |||||||
| United Kingdom | |||||||
| 2,000 | PRUDENTIAL GBP0.05 (GB0007099541) | 26,603.16 | GBP 11.335 | 22,670.00 | 0.72 | 267 | 1.2 |
| 75,000 | ANGLE ORD GBP0.10 (GB0034330679) | 78,357.71 | GBP 1.065 | 79,875.00 | 2.52 | 0 | 0.0 |
| 5,467 | CARETECH HOLDINGS ORD GBP0.005 (GB00B0KWHQ09) | 19,524.30 | GBP 7.4 | 40,455.80 | 1.28 | 771 | 1.9 |
| 18,801 | IP GROUP ORD GBP0.02 (GB00B128J450) | 34,223.95 | GBP 0.9345 | 17,569.53 | 0.55 | 226 | 1.3 |
| 10,000 | POLAR CAPITAL HLDGS PLC ORD GBP0.025 (GB00B1GCLT25) | 33,777.44 | GBP 6.31 | 63,100.00 | 1.99 | 4,500 | 7.1 |
| 4,000 | PPHE HOTEL GROUP ORD NPV (GG00B1Z5FH87) | 32,513.92 | GBP 14.8 | 59,200.00 | 1.87 | 0 | 0.0 |
| 2,000 | SMITHS GROUP PLC ORD GBP0.375 (GB00B1WY2338) | 30,721.04 | GBP 13.89 | 27,780.00 | 0.88 | 766 | 2.8 |
| 1,500 | OCADO GROUP PLC ORD GBP0.02 (GB00B3MBS747) | 29,576.40 | GBP 12.315 | 18,472.50 | 0.58 | 0 | 0.0 |
| 15,000 | SEGRO PLC ORD GBP0.10 (GB00B5ZN1N88) | 65,107.28 | GBP 13.765 | 206,475.00 | 6.52 | 3,645 | 1.8 |
| 6,400 | MARLOWE PLC ORD GBP0.5 (GB00BD8SLV43) | 24,787.84 | GBP 9.3 | 59,520.00 | 1.88 | 0 | 0.0 |
| 12,500 | PHOENIX GROUP HOLDINGS PLC ORD GBP0.10 (GB00BGXQNP29) | 71,834.68 | GBP 6.238 | 77,975.00 | 2.46 | 6,113 | 7.8 |
| 16,533 | DIACEUTICS PLC ORD GBP0.002 (GB00BJQTGV64) | 24,119.86 | GBP 1.01 | 16,698.33 | 0.53 | 0 | 0.0 |
| 13,793 | EQUALS GROUP PLC ORD GBP0.01 (GB00BLS0XX25) | 8,047.94 | GBP 0.765 | 10,551.65 | 0.33 | 0 | 0.0 |
| 21,900 | CREO MEDICAL GROUP PLC ORD GBP0.001 (GB00BZ1BLL44) | 40,207.31 | GBP 1.07 | 23,433.00 | 0.74 | 0 | 0.0 |
| 5 of 10
AL.6518 LON280
Smith & Williamson
Valuation Report as at 5 April 2022
Rowan Bentall Charitable Trust
| Managed | Portfolio - Discretionary | Book Cost | Price | Value | Total | Estimated Gross Income |
Estimated Gross Yield |
|---|---|---|---|---|---|---|---|
| GBP | GBP | % | GBP | % | |||
| Overseas | |||||||
| North America | |||||||
| 1,500 | FINDLAY PARK FUNDS PLC AMERICAN USD DIS (IE0002458671) | 26,050.35 | USD 177.5 | 203,446.17 | 6.42 | 0 | 0.0 |
| 657 | VERIZON COMMUNICATIONS COM USD0.10 (US92343V1044) | 12,743.25 | USD 52.77501 | 26,494.36 | 0.84 | 1,285 | 4.9 |
| 450 | WALT DISNEY COMPANY (THE) COM DISNEY USD0.01 (US2546871060) | 32,501.17 | USD 135.64 | 46,640.18 | 1.47 | 0 | 0.0 |
| Europe | |||||||
| 750 | RWE AG NPV (DE0007037129) | 23,962.81 | EUR 40.515 | 25,338.49 | 0.80 | 563 | 2.2 |
| Japan | |||||||
| 19,797.42 | FRANKLIN TEMPLETON FUNDS II FTF MARTIN CURRIE JAPAN EQUITY X | 16,675.00 | GBP 4.757 | 94,176.33 | 2.97 | 0 | 0.0 |
| ACC (GB00B8JYLC77) | |||||||
| 1,500 | COUPLAND CARDIFF FUNDS PLC JAPAN ALPHA I GBP ACC HEDGED | 14,392.56 | GBP 21.101 | 31,651.50 | 1.00 | 0 | 0.0 |
| (IE00BGP6PZ49) | |||||||
| 30,000 | NIPPON ACTIVE VALUE FUND PLC ORD GBP0.01 (GB00BKLGLS10) | 30,180.00 | GBP 1.19 | 35,700.00 | 1.13 | 585 | 1.6 |
| Pacific Basin ex Japan | |||||||
| 15,000 | FIDELITY ASIAN VALUES ORD GBP0.25 (GB0003322319) | 55,947.17 | GBP 4.59 | 68,850.00 | 2.17 | 1,320 | 1.9 |
| 13,000 | FIRST SENTIER INVRS (UK) FDS LTD FSSA GREATER CHINA GROWTH B | 38,665.51 | GBP 12.6072 | 163,893.60 | 5.17 | 851 | 0.5 |
| GBP ACC (GB0033874321) | on 04 Apr 22 | ||||||
| Daily priced | |||||||
| 72,430.51 | BNY MELLON FUND MANAGERS LIMITED ASIAN INCOME INSTL W GBP DIS | 71,103.03 | GBP 1.4182 | 102,720.95 | 3.24 | 3,151 | 3.1 |
| (GB00B8KPW262) | |||||||
| Global | |||||||
| 2,000 | POLAR CAPITAL TECHNOLOGY TRUST GBP0.25 (GB0004220025) | 50,244.13 | GBP 22.6 | 45,200.00 | 1.43 | 0 | 0.0 |
| 40,000 | HENDERSON INTL INCOME TRUST PLC ORD GBP0.01 (GB00B3PHCS86) | 54,485.96 | GBP 1.735 | 69,400.00 | 2.19 | 2,760 | 4.0 |
| 30,000 | FUNDSMITH LLP EQUITY I INC NAV (GB00B4MR8G82) | 35,248.80 | GBP 5.5766 | 167,298.00 | 5.28 | 288 | 0.2 |
| 519.99 | TRIUM CAPITAL LLP SUST INNOVATORS GBL EQTY F GBP DIS UNHGD | 52,310.99 | GBP 144.23 | 74,998.16 | 2.37 | 0 | 0.0 |
| (IE00BJ320H20) | |||||||
| 250 | SCHRODER INTERNATIONAL SELECTION FD GLOBAL ENERGY TRANSITION | 22,496.71 | GBP 120.86952 | 30,217.38 | 0.95 | 359 | 1.2 |
| E GBP DIS (LU2191243091) | |||||||
| 17,000 | SANLAM ARTIFICIAL INTELLIGENCE Z GBP (IE00BYPF3314) | 50,406.43 | GBP 2.5888 | 44,009.60 | 1.39 | 0 | 0.0 |
| 399.18 | SMITH & WILLIAMSON INVESTMT FDS PLC MID OCEAN WORLD | 34,925.00 | USD 537.19981 | 163,856.82 | 5.17 | 501 | 0.3 |
| INVESTMENT C USD DIS (IE00BZ01RP17) |
| 6 of 10
AL.6518 LON280
Smith & Williamson
Valuation Report as at 5 April 2022
Rowan Bentall Charitable Trust
| Value GBP Price Estimated Gross Income GBP Estimated Gross Yield % Total % Book Cost GBP Managed Portfolio - Discretionary 265 ROBECO CAPITAL GROWTH FUNDS ROBECOSAM SUSTAIN WATER EQTS I- GBP ACC (LU2146192450) 61,826.69 GBP 468.86 124,247.90 3.92 0 0.0 37,000 SCHRODER UNIT TRUSTS GLOBAL ENERGY TRANSITION Q GBP DIS (GB00BF781D16) 19,962.16 GBP 0.5219 19,310.30 0.61 101 0.5 |
Value GBP Price Estimated Gross Income GBP Estimated Gross Yield % Total % Book Cost GBP Managed Portfolio - Discretionary 265 ROBECO CAPITAL GROWTH FUNDS ROBECOSAM SUSTAIN WATER EQTS I- GBP ACC (LU2146192450) 61,826.69 GBP 468.86 124,247.90 3.92 0 0.0 37,000 SCHRODER UNIT TRUSTS GLOBAL ENERGY TRANSITION Q GBP DIS (GB00BF781D16) 19,962.16 GBP 0.5219 19,310.30 0.61 101 0.5 |
|---|---|
| Managed Portfolio - Discretionary Total | 3,167,819.58 100.00 57,595 1.8 |
The above total includes accrued interest of GBP 812.74
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AL.6518 LON280