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' At￿lla1 Report
Stst¢ment of Trnstc¢8' RcsponsibilitiC5
tndependent Exarniner's Report
Statement of Fill￿ClaI 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
state￿￿nts 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¢dL￿es 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 Tn￿teeS 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 n￿kIng 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 T￿￿te¢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 all￿0[ 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 C￿entlY recognis¢d as CI￿ltable which fall within paragraph (tTr) of sectioll 3(1} Ch￿tieS 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 T￿￿ees, 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 Tn￿l¢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 ln￿tee 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 gr￿tS 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 inVeSt￿ent 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 Tn￿t continuing as a going concern.
The Trustees have wid¢ powers ofinvestrneni and the overall objective As to tnaximlse the long terni relum
of the Tn￿t'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 Tn￿t 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 r￿ed 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 T￿￿teS 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 Tn￿te¢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 beh￿f 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..
se1￿1 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 b￿sIneSs.
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 Tn￿lees, 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 Ch￿￿ty'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 Tn￿l¢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 rev￿U8tiOD 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 sta￿tOry
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 OfF1r￿ncial 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
INVESTlI￿NTs
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
InVes￿ent 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 Tn￿t
Kingston Hospital Charity
M￿je 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 And￿￿S 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 T￿st
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 Tn￿t
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 Trt￿t
Marinc Conservation Society
Pakenham Water Mill Appeal
Sayers Croft Trust
sll￿ey Wildlife Tn￿t
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**<br>**Gross Income**|**Estimated**<br>**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**|||||||



**|** 

4 of 10 

AL.6518 LON280 



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Valuation Report as at 5 April 2022 

Rowan Bentall Charitable Trust 

|Managed Portfolio - Discretionary|Managed Portfolio - Discretionary|**Book Cost**|**Price**|**Value**|**Total**|**Estimated**<br>**Gross Income**|**Estimated**<br>**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**<br>**Gross Income**|**Estimated**<br>**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**<br>**GBP**<br>**Price**<br>**Estimated**<br>**Gross Income**<br>**GBP**<br>**Estimated**<br>**Gross Yield**<br>**%**<br>**Total**<br>**%**<br>**Book Cost**<br>**GBP**<br>Managed Portfolio - Discretionary<br>265<br>ROBECO CAPITAL GROWTH FUNDS ROBECOSAM SUSTAIN WATER EQTS I-<br>GBP ACC (LU2146192450)<br>61,826.69<br>GBP 468.86<br>124,247.90<br>3.92<br>0<br>0.0<br>37,000<br>SCHRODER UNIT TRUSTS GLOBAL ENERGY TRANSITION Q GBP DIS<br>(GB00BF781D16)<br>19,962.16<br>GBP 0.5219<br>19,310.30<br>0.61<br>101<br>0.5|**Value**<br>**GBP**<br>**Price**<br>**Estimated**<br>**Gross Income**<br>**GBP**<br>**Estimated**<br>**Gross Yield**<br>**%**<br>**Total**<br>**%**<br>**Book Cost**<br>**GBP**<br>Managed Portfolio - Discretionary<br>265<br>ROBECO CAPITAL GROWTH FUNDS ROBECOSAM SUSTAIN WATER EQTS I-<br>GBP ACC (LU2146192450)<br>61,826.69<br>GBP 468.86<br>124,247.90<br>3.92<br>0<br>0.0<br>37,000<br>SCHRODER UNIT TRUSTS GLOBAL ENERGY TRANSITION Q GBP DIS<br>(GB00BF781D16)<br>19,962.16<br>GBP 0.5219<br>19,310.30<br>0.61<br>101<br>0.5|
|---|---|
|**Managed Portfolio - Discretionary  Total**|**3,167,819.58**<br>**100.00**<br>**57,595**<br>**1.8**|



The above total includes accrued interest of GBP 812.74 

**|** 7 of 10 

AL.6518 LON280