2022-04-05-accounts - Allied Universal Employees' Trust

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`Referenceandadministrativeinformation`
`Trustees’annualreport`
`Independentexaminer'sreport`
`Statementoffinancialactivities(incorporatinganincomeandexpenditureaccount)`	`.`
`Balancesheet`

`Dateofsettlement`	`3December1956andDeedsofVariationdated` `3December1980and25`	`3December1956andDeedsofVariationdated` `3December1980and25`
	`April2006`
`Namechange`	`16November2009toG4SEmployees’Trust`
`Charitynumber`	`281616`
`Governingdocument`	`G4SEmployees’Trustisanunincorporatedcharity,and`	`isgovernedbyits`
	`TrustDeedandDeedsofVariation.`
`Settlor`	`G4SCashSolutions(UK)Ltd`
`Registeredoffice`	`72LondonRoad`
`andoperational`	`STALBANS,Hertfordshire`
`address`	`ALI1NS`
`Trustees`	`Trustees,whoarealsodirectorsundercompanylaw,who`	`servedduringthe`
	`yearanduptothedateofthisreportwereasfollows:`
	`Mercer& HoleTrusteesLimited`
	`SokWahLee`
	`CatherineFionaHooper(Appointed28April2022)`
`Lawoftrust`	`EnglandandWales`
`Termsoftrust`	`AcharitabletrustprovidingbenefitsforpastorpresentemployeesofG4SLtd`
	`oranyofitssubsidiaries,andfordependantsofsuchemployees.`
`Beneficiary`	`Employee:anyofficer,employeeorformerofficeroremployeeofG4S.`
	`Dependant:wife/husband/widow/widower/child/otherdependantof`
	`employee.`
`Investment`	`Schroder& CoLimited`
`managers`	`1LondonWallPlace`
`andbankers`	`LONDON,EC2Y5AU`
`Custodian`	`SchroderInvestmentManagementLimited,` `1LondonWall`	`Place`
	`LONDON,EC2Y5AU`
`Independent`	`JoannaPittman`
`Examiner`	`SayerVincentLLPCharteredAccountants`
	`InvictaHouse,108-114GoldenLane,LONDON,EC1YOTL`
`Thissummaryisnotintendedtobea comprehensivestatementofthetermsoftheTrust.`
`ReferenceshouldbemadetotheTrustDeedandDeedsofVariationasrequired.`

3 February 2023

`Incomefrom:`	`Note`	`Unrestricted` `£`	`Restricted` `£`	`Endowment` `£`	`2022` `Total` `£`	`Unrestricted` `£`	`Restricted` `£`	`Endowment`	`2021` `Total` `£`
`Investments` `Donationsreceived` `Totalincome`	`2`	`93,987` `93,987`			`93,987` `93,987`	`91,389` `91,389`	`370,000` `370,000`		`91,389` `370,000` `461,389`
`Expenditureon:`
`Raisingfunds` `Charitableactivities`	`3`			`58,057`	`58,057`			`50,732`	`50,732`
`Grantmaking`	`4`	`179,568`	`55,999`		`235,567`	`168,045`	`33,374`		`201,419`
`Totalexpenditure`		`179,568`	`55,999`	`58,057`	`293,624`	`168,045`	`33,374`	`50,732`	`252,151`
`Netincome` `/(expenditure)beforenet`
`gains` `/(losses)oninvestments`		`(85,581)`	`(55,999)`	`(88,057)`	`(199,637)`	`(76,656)`	`336,626`	`(50,732)`	`209,238`
`Loss/Gainoncurrencyexchange` `Netgains` `/(losses)oninvestments`	`8`			`(1,374)` `299,841`	`(1,374)` `299,841`			`(4,806)` `1,802,479`	`(4,806)` `1,802,479`
`Netincome` `/(expenditure)`		`(85,581)`	`(55,999)`	`240,410`	`98,830`	`(76,656)`	`336,626`	`1,746,941`	`2,006,911`
`Transfersbetweenfunds`		`85,581`		`(85,581)`		`76,656`		`(76,656)`
`Netincome` `/(expenditure)beforeother`
`recognisedgainsandlosses`			`(55,999)`	`154,829`	`98,830`		`336,626`	`1,670,285`	`2,006,911`
`Netmovementinfunds`	`12`		`(55,999)`	`154,829`	`98,830`		`336,626`	`1,670,285`	`2,006,911`
`Reconciliationoffunds:`
`Totalfundsbroughtforward`			`336,626`	`7,598,394`	`7,935,020`			`5,928,109`	`5,928,109`
`Totalfundscarriedforward`			`280,627`	`7,753,223`	`8,033,850`		`336,626`	`7,598,394`	`7,935,020`

				`2022`			`2021`
`Fixedassets:`		`Note`			`£`		`£`
`Investments`		`8`		`7,706,269`			`7,042,225`
				`7,706,269`			`7,042,225`
`Currentassets:`
`Debtors`		`9`				`1,860`
`Investmentmanagers’bankaccounts`			`353,868`			`909,510`
			`353,868`			`911,370`
`Liabilities:`
`Creditors:amounts`	`fallingduewithinoneyear`	`10`	`(26,287)`			`(18,575)`
`Netcurrentassets`	`/(liabilities)`			`327,581`			`892,795`
`Totalnetassets/`	`(liabilities)`			`8,033,850`			`7,935,020`
`Thefundsofthecharity:`		`1`
`Capitalfunds:`
`Endowments`			`7,753,223`			`7,598,394`
				`7,753,223`			`7,598,394`
`Incomefunds:`
`Restrictedfunds`		`12`	`280,627`			`336,626`
`Unrestricted`
				`280,627`			`336,626`
`Totalcharityfunds`				`8,033,850`			`7,935,020`

`2`	`Incomefrominvestments`
				`Unrestricted`	`Restricted= Endowment`			`2022` `Total`	`2021` `Total`
				`£`			`£`	`£`	`£`
	`Dividends` `Interestreceivable(gross)` `Donationsreceived`			`93,966` `2` `-`	`‘`	`=` `-` `-`	`>` `-` `>`	`93,966` `21` `-`	`91,389` `~s` `370,000`
				`93,987`		`=`	`=`	`93,987`	`461,389`
`3`	`Costofgeneratingfunds`
								`2022`	`2021`
				`Unrestricted`	`Restricted =Endowment`			`Total`	`Total`
				`E`		`£`	`€`	`£`	`£`
	`Investmentmanagementfees`			`=`		`=`	`58.057`	`58,057`	`30.732`
				`eS`		`=`	`58,057`	`$8,057`	`50,732`
	`Theinvestmentmanagementcostsareallattributedtoendowmentfunds.`
	`Charitableactivities- grantmaking`
								`2022`	`2021`
				`Unrestricted`	`Restricted=`		`Endowment`	`Total`	`Total`
				`£`		`£`	`£`	`£`	`£`
	`Grantsmadetoindividualsinaccordancewithclass`
	`4of theSecondScheduletothe`	`DeedofVariation`
	`(note13)` `Legalfees`			`134,483` `=`	`55,999` `-`		`*` `2`	`190,482` `-`	`131,482` `900`
	`Mercer& HoleTrusteesLimited`	`~-managementfee`		`41,340`		`-`	`-`	`41,340`	`34,080`
	`LegalEntityIdentifier` `Sayer` `Vincent` `-` `Independent` `examination`		`fee`	`145`		`-`	`-`	`145`	`7S`
	`currentvear` `Bankcharges` `Lossonexchangerateconversion` `Mercer& HoleTrusteesLimitedcorrectionto`			`3,600` `<` `-`		`-` `-` `-`	`-` `-` `z`	`3,600` `=` `7`	`5.280` `7` `15,803`
	`closingcreditorforyearended5 April2020` `Irrecoverableforeignincometaxwrittenoff`			`-` `-`		`-` `=`	`=` `-`	`=` `=`	`10,800` `2,992`
				`179,568`	`55,999`		`>`	`235,567`	`201,419`

`8`	`—Listedinvestments`
				`2022`	`2021`
				`£`	`£`
	`Fairvalueatthestart oftheyear` `Additionsatcost` `Disposalproceeds` `Reinvestedincome` `Netgain/ (loss)onchangeinfairvalue`			`7,042,225` `3,612,367` `(3,249,390)` `1,226` `299,841`	`5,812,101` `2,080,900` `(2,654,004)` `749` `1,802,479`
	`Fairvalueattheendoftheyear`			`7,706,269` `——`	`7,042,225`
	`Historiccostattheendoftheyear`			`6,474,569`	`5,500,888`
	`Investmentscomprise:`
				`2022`	`2021`
				`£`	`£`
	`Shareslistedon theLondonStockExchange` `Non-UKlistedsecurities`			`1,292,241` `6,414,028`	`1,558,341` `5,483,884`
				`7,706,269`	`7,042,225`
	`Investmentsrepresentingaver5%byvalueoftheportfoliocomprise:`
				`2022`	`2021`
				`£`	`£`
	`7,419JPMorganAmericanEquityFund` `3,352RobecoBPGlobalPremiumEquities` `30,475PolarUKValueOpportunitesFund`			`575,306` `453,727` `390,690`	`464,299` `424,464`
	`8,420VanguardInvestmentSeriesS&P500EtfIncNav`			`555,552`	`444,202`
`9`	`Debtors`
				`2022`	`2021`
				`£`	`£`
	`Prepayment— accountants’charges`			`se`	`1,860`
				`-`	`1,860`
`10`	`Creditors:amountsfallingduewithinoneyear`
				`2022`	`2021`
				`£`	`£`
	`Investmentmanager'scharges` `independentExaminer'sremuneration` `Accountantsfees`			`14,047` `3,600` `8,640`	`13,295` `5,280` `-`
				`26,287`	`18,875`
`Tia`	`Analysisofnetassetsbetweenfunds(currentyear)`
		`Unrestricted`	`Restricted`	`Endowment`	`Totalfunds`
		`£`	`E`	`£`	`£`
	`{nvestments` `Netcurrentassets`	`=` `=`	`<i` `280,627`	`7,706,269` `46,954`	`7,706,269` `327,581`
	`Netassetsat5 April2022`	`=`	`280,627`	`7,753,223`	`8,033,850`
`11b`	`Analysisofnetassetsbetweenfunds(prioryear)`
		`Unrestricted`	`Restricted`	`Endowment`	`Totalfunds`
		`—`	`E`	`£`	`£`
	`Investments` `Netcurrentassets`	`>` `-`	`=` `336,626`	`7,042,226` `556,168`	`7,042,226` `892,794`
	`Net assetsat5 April2021`	`=`	`336,626`	`7,598,394`	`7,935,020`