OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-04-05-accounts

The Barnett & Sylvia Shine No 2 Charitable Trust (Registered Charity No. 281821)

Accounts

for the year ended 5 April 2023

The Barnett & Sylvia Shine No 2 Charitable Trust

Trustees Annual Report for the year ended 5 April 2023

The trustees present their annual report and financial statements of the charity for the year ended 5 April 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Reference and Administrative Details

Name of the Charity: The Barnett & Sylvia Shine No 2 Charitable Trust Charity Registration No: 281821 Trustees: Martin David Paisner Barbara Joan Grahame Rodney Grahame Deborah Ann Grahame Alice Rebecca Grahame If new or additional trustees are appointed they will be encouraged to receive appropriate training depending on their qualifications and experience Principal Office address: Payne Hicks Beach 10 New Square Lincoln’s Inn London WC2A 3QG Reporting Accountants: Mercer & Hole Trustees Limited 21 Lombard Street London EC3V 9AH Bankers : The Co-operative Bank 80 Cornhill London EC3V 3NJ Investment Managers: Veritas Asset Management (UK) Ltd Elizabeth House 36 York Road London SE1 7NQ Independent Examiner: Steve Robinson Mercer & Hole LLP 21 Lombard Street London EC3V 9AH

Page 1

The Barnett & Sylvia Shine No 2 Charitable Trust

Trustees Annual Report

for the year ended 5 April 2023 (continued)

Structure, Governance and Management

Governing Document: The principal governing document is a Charitable Trust Deed
dated 4 December 1980.
Settlor: The Charitable Trust Deed was settled by Barbara Joan Grahame,
but the economic settlor was Barbara’s mother, the late Sylvia
Shine (who died on 17 November 1978) as the assets derive from
her.
Assets settled: On 4 December 1980 one half of the assets of the Sylvia Shine
Charitable Trust were transferred to the trust.
On 1 July 1981 the executors of the estate of the late Sylvia Shine
transferred six paintings and a balance of cash, valued at £5,000 in
total. All of the paintings have since been sold.
On 29 August 1990 the trustees of the Barnett Shine Charitable
Settlement transferred a holding of Charinco units valued at
£250,000 to the trust.
Appointment of The trustees may appoint any company or Trust Corporation to be
Trustees: an additional or the sole trustee. The trustees (other than the settlor
and any husband of the settlor) shall be entitled to charge all usual
professional charges for work done by him or his firm in connection
with the execution of the trusts hereof.
Investment Powers: The trustees have very wide powers of investment and have
appointed Veritas Asset Management as their investment
managers.
Veritas Asset Management manage the investments on a
discretionary basis.
The major part of the income of the charity is derived from its
investments. The investment managers’ objective is to maximise
total return with due regard to risk. The trustees regularly review
with the investment managers the income requirement and capital
base.
Management and The trustees have control and overall responsibility for the
Control: day-to-day management of the charity.
Risk management: At the time of approving the financial statements, the trustees have
a reasonable expectation that the charity has adequate resources
to continue in operational existence for the foreseeable future. Thus
the trustees continue to adopt the going concern basis of accounting
in preparing the financial statements.

Page 2

The Barnett & Sylvia Shine No 2 Charitable Trust

Trustees Annual Report

for the year ended 5 April 2023 (continued)

Objectives and Activities

Objectives and Policies: The trust was established to make grants for charitable purposes in
any part of the world as the trustees shall think fit at their discretion.
The trustees have power to pay or apply the whole or any part of the
income or capital of the trust fund to any purpose body
organisation(s) or object(s) which under the law of England shall be
recognised as exclusively charitable.
Grant making policy: The trustees receive applications for grants and consider each one
of the applications at their formal/informal meetings.
The trustees’ general policy is to aim to distribute each year the
income as it arises but from time to time they may also distribute
capital.
Public benefit: In applying such income and capital, the trustees are supportive of
such charitable causes that are for public benefit. Each year the
trustees review their objectives to ensure their aims are met. In
carrying out this review, the trustees have considered the Charity
Commissioners’ general guidance on public benefit.
Achievements and Performance
Review of activities: During the year the trustees have made donations amounting to
£26,500 (2022: £33,600).
Financial Review
Financial review: Total income was £27,289.12 (2022: £22,615) with expenditure
amounting to £78,166.00(2022: £69,850). Net assets at the end of
the year were £2,545,280.41(2022 £2,669,718). The value of the
investments decreased by £4,595.
Reserves: The policy of the trustees is to aim to distribute all the income as it
arises and not to accumulate reserves. They use their discretion to
distribute from capital from time to time.
Future plans: The trustees’ short-term objective is to continue to make grants, as
set out above, for the benefit of charitable bodies.

Page 3

The Barnett & Sylvia Shine No 2 Charitable Trust Trustees Annual Report for the year ended 5 Aprll 2023 Icontintjedl Res ective res onsibilities of trustees Accountlng guidelines: The trusl8es are responslble for preparing the Trustees. R&port and the financlal statements In accordance with applicable law and United Kingdorn A¢¢ounting Standards (United Kingdom Generally Ac¢eplod Accounting Praclicel. The law applic8ble lo tharilies in England & Wales requlres th8 trustees to prepare financial statements for each financial yearwhlch give a true and falr view of the slate of affalrs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial staternenls, the trustees are required lo: al select suitable accounting polides and then apply them consistently., bl observe the melh(xJs and prlndples in the Charities SORP 2019 IFRS102}', cl make judgements and eslimales that are reasonabl8 and prudent., dl state whether applicable accounting stsndards have been followed, sublecl to any materlal departures dls¢losgd and explained in the financial slalemants-, el prepare the finan¢i21 slalemenls on tho going concern basis unless it is inappropriate to presume that th¢ charity will continu8 in operation. The trusteos are responslble for keeping acwunling records that disclose wllh reasonable accuracy al &ny lime the financial posilion of the charity and enable them to ensure that the financlal statements comply wllh the Statement of Recommended Accounting Practice.. Accounting and Reporting by Charllies {SORP 20191 UK A￿O￿nting Standards, the Charities Act 2011 and trust deed. Th8y are also responsible for safeguarding the assets of the charity and henc6 for taking reasonable steps for the prevention and dete¢lion of fraud and other irregularities. The finan¢ial slalements have b&6n prepared in accordan¢9 with the accounting policies sel out in the notes to the financial slal8m&nls and comply with the Trust Deed. the Charities Act 2011 and the Slalemenl of Recommend&d Practice.. Accounting and Reporting by Charities applicable lo charities preparing theii finan¢i81 statements in accordanGo With the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) Issued in Oclobor 2019. Signed= on behalf of Trustees Dated.. Page 4

Independent Examiner's Report to the Trustees of The Barnett & Sylvia Shine No 2 Charitable Trust

I report to the charity trustees on my examination of the accounts of the Barnett & Sylvia Shine No 2 Charitable Trust for the year ended 5 April 2023 set out on pages 1 to 11.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘The Act’).

I report in respect of my examination of the charity’s accounts carried out under 145 section of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required be secttion 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Steve Robinson FCA Mercer & Hole LLP 21 Lombard Street London EC3V 9AH

Date:

Page 5

The Barnett & Sylvia Shine No 2 Charitable Trust

Statement of Financial Activities

for the year ended 5 April 2023

Note
Income and endowments
Investment income
3
Total income and endowments
Expenditure on:
Costs of raising funds
Investment management costs
4
Charitable activities
5
Total expenditure
Net gains/(losses) on currency exchange
Net gains/(losses) on investments
6
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2023
Unrestricted
Funds
£
27,289.12
27,289.12
26,299.00
51,867.00
78,166.00
( 0.74)
(73,559.76)
(124,437.38)
(124,437.38)
2,669,717.79
2,545,280.41		 2022
Total
£
22,615
22,615
21,242
48,608
69,850
1
321,462
274,228
274,228
2,395,490
2,669,718

All comparative income and expenditure was unrestricted.

Page 6

The Barnett & Sylvia Shine No 2 Charitable Trust Balance sheet at S Apr412023 2023 2022 Note Flxed A5set8 Ir4V8Strnents al market valu8 2.491,282.00 2,495,877 2,491.282.00 2,495,877 Curr8nt A8sets Balance wth Investment managers 881ance at bank 62,864.72 7,896.13 70,760.85 170,335 15,669 186.004 Current Irabilities.. Amounts falling due wthill one year 16.762.44 12,163 Net current a55ets 53,998.41 173.841 Total net assets 2,545,280.41 2,669,718 The funds of thè Charlty.. Unre5trict8d 2,S45,280.41 2,869,718 Approved by the U8t and signed on their behalf by rusteel. Pagg 7

The Barnett & Sylvia Shine No 2 Charitable Settlement

Notes to the Accounts

for the year ended 5 April 2023

  1. Accounting policies

a) Basis of preparation

The Charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have therefore necessarily departed from the extant Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Statement of Recommended Practice: Accounting and Reporting by Charities effective from 1 April 2005, which has since been withdrawn.

The financial statements are prepared in Sterling which is the functional currency of the charity. Monetary amounts in this financial statement have been rounded to the nearest pence for the current year. The prior year has been rounded to the nearest pound.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

In future years, the key risks to the charity are fluctuation in the value of their investment and a fall in investment income but the trustees have arrangements in place to mitigate those risks by delegating the management of the portfolio to professional managers and regularly review their performance.

b) Funds Structure

The trustees maintain a general unrestricted fund which may be applied at the discretion of the trustees for achieving the objects of the charity as set out in the deed.

c) Income recognition

All income is recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

Dividend income and interest from investment managers is received gross and shown gross.

d) Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.

The trustees do not employ fundraisers and therefore the only costs of generating funds are the fees payable to the fund managers for the management and holding of the investments which produce the bulk of the charity's income.

No remuneration has been paid to the trustees and they have not incurred any expenses during the year. No staff are employed by the Charity.

Page 8

The Barnett & Sylvia Shine No 2 Charitable Settlement

Notes to the Accounts

for the year ended 5 April 2023

The costs of raising funds consist of investment management costs.

e) Charitable activities

Costs of charitable activities include grants made, governance costs and administration cost in the pursuit of the charitable objects of the charity.

f) Grants payable

Grants payable are charged in the statement for financial activities in the year in which the grant is authorised by the trustees.

g) Cash at bank

Cash at bank is held to meet the day to day running costs of the charity as they fall due.

h) Creditors

Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt.

i) Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

j) Realised gains and losses

Realised gains represent the profit by comparing the net proceeds of sale of investment with the market value of that investment as at 5 April 2022 or subsequent cost.

Unrealised gains represent the difference in market value at 5 April 2023 as compared with the market value at 5 April 2022 or subsequent cost.

k) Unrealised gains and losses

Unrealised gains and losses represent the profit by comparing the market value of the investments as at 5 April 2023 with the market value at the beginning of the year.

2. Related party transactions and trustees’ expenses and remuneration

The charity’s trustees give their time freely and receive no remuneration for the work that they undertake as trustees. However, they can claim expenses to reimburse them for costs that they incur in fulfilling their duties. During the year the trustees' remuneration and re-imbursed costs were £nil (2022: £nil).

During the year the trust incurred legal fees of £10,516.91 (2022: £9,703) for legal services payable to Payne Hicks Beach LLP. Martin David Paisner is a partner in Payne Hicks Beach LLP.

3. Investment income
Dividends
Interest from investment managers (gross)
Bank deposit interest (gross)		 2023
£
25,321.07
1,891.30
76.75
27,289.12		 2022
£
22,275
317
23
22,615

Page 9

The Barnett & Sylvia Shine No 2 Charitable Trust

Notes to the Accounts

for the year ended 5 April 2023

4. Cost of raising funds
Custody fee
Investment management charges
5.
Charitable activities
Grants to institutions
Aberlour Children's Charity (Scotland)
Blood Cancer UK
Calthorpe Project
Dementia UK
Doorstep Homeless Families Project
Felix Project
Lewisham Music Bursary
MSF (Afghanistan Appeal)
National Autistic Society
One-to-One Children's Fund
Photographers Gallery Ltd
Trinity laban Conservatoire of Music & Dance
West London Mission
Zarach (Beds for kids)
Classification of donations
Community Development (4)
Health (3)
Human Services (2)
International (0)
Governance costs
Accountant's charges
Independent examination fees
Legal fees
Administration costs
Bank charges
Total charitable activities
6. Investments
Movement in fixed asset listed investments
Market value at 6 April 2022
Additions
Disposal proceeds
Net realised and unrealised investment gains/(losses)
Market value at 5 April 2023
Historical cost as at 5 April 2023		 2023
£
3,212.41
23,086.59
26,299.00
2023
£
1,500.00
7,000.00
-
-
2,000.00
3,000.00
2,000.00
-
1,500.00
5,000.00
3,000.00
-
1,500.00
-
26,500.00
8,000.00
13,500.00
5,000.00
-
26,500.00
13,050.00
1,560.00
10,516.91
25,126.91
240.09
51,867.00
2023
£
2,495,877.00
544,301.13
( 475,336.37)
( 73,559.76)
2,491,282.00
1,727,540.91		 2022
£
3,142
18,099
21,242
2022
£
1,200
10,000
3,000
-
-
-
2,000
1,000
1,200
10,000
3,000
1,200
-
1,000
33,600
10,400
21,200
1,000.00
1,000.00
33,600
5,040
-
9,703
14,743
265
48,608
2022
£
2,320,894
300,379
( 446,858)
321,462
2,495,877
1,553,793

All investments are carried at their fair value. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

Page 10

The Barnett & Sylvia Shine No 2 Charitable Trust

Notes to the Accounts

for the year ended 5 April 2023

The main risk to the Trust from financial instruments lies in the combination of uncertain investment markets and volatility in yield. The charity manages these investment risks by retaining expert advisors.

7. Analysis of liabilities
Amount falling due within one year
Legal fees
Accountants' fees
Independent examination fee
Investment management fee		 2023
£
3,960.00
6,660.00
1,560.00
4,582.44
16,762.44		 2022
£
7,123
5,040
-
-
12,163

8. Control

The trust is controlled by the trustees.

9. Analysis of net assets between funds

Unrestricted
Prior year comparative
Unrestricted		 Fixed Assets
£
2,491,282.00
Fixed Assets
£
2,495,877		 Net Current
Assets/
Liabilities
£
53,998.41
Net Current
Assets/
Liabilities
£
173,841		 Total
£
2,545,280.41
Total
£
2,669,718

Unrestricted Fund

Funds may be applied at the discretion of the trustees for achieving the objects of the charity as set out in the deed.

Page 1 1

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Amphenol Corp
US$0.01 class "A" common stock
13/04/2022 Dividend - paid gross
13/07/2022 Dividend - paid gross
12/10/2022 Dividend - paid gross
11/01/2023 Dividend - paid gross
Automatic Data Processing Inc
US$0.10 common stock
12/05/2022 Disposal
01/07/2022 Dividend - paid gross
08/08/2022 Disposal
03/10/2022 Dividend - paid gross
02/01/2023 Dividend - paid gross
03/04/2023 Dividend - paid gross
Accenture Plc
Cls'a'usd0.0000225
13/05/2022 Dividend - paid gross
15/08/2022 Dividend - paid gross
15/11/2022 Dividend - paid gross
15/02/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
1,050
1,050
385
(20)
(50)
315
375
375		 32,284.65
32,284.65
41,505.51
(2,156.13)
(5,390.33)
33,959.05
37,277.84
37,277.84		 0.00
(3,442.68)
(10,068.36)
(13,511.04)
0.00		 0.00
1,286.55
4,678.03
5,964.58
0.00		 65,822
53,933
84,629		 137.27
149.86
162.56
154.57
604.26
266.39
248.36
280.81
271.48
1,067.04
222.58
226.73
264.87
263.93
978.11

Page 12

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Adobe Inc
Reg shares
08/09/2022 Acquisition
21/12/2022 Acquisition
Align Technology Inc
Common Stk USD0.0001
Alphabet Inc
Common Cl a
30/03/2023 Acquisition
05/04/2023 Nominal adjustment
Amazon Common Inc
Common Stk USD0.01
05/04/2023 Nominal adjustment		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£
125
25
150
160
160
30
150
570
750
20
380
400		 40,165.91
6,971.02
47,136.93
36,974.70
36,974.70
10,683.03
12,243.64
22,926.67
45,994.31
45,994.31		 40,165.91
6,971.02
47,136.93
0.00
12,243.64
12,243.64
0.00		 0.00
0.00
0.00
0.00		 46,020
40,731
62,917
32,408
0.00
0.00
0.00
0.00

Page 13

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Avery Dennison Corp
USD1
15/06/2022 Dividend - paid gross
21/09/2022 Dividend - paid gross
21/12/2022 Dividend - paid gross
15/03/2023 Dividend - paid gross
Basf Se
0.875% Snr Emtn 06/10/2023 Gbp1000'regs'
17/10/2022 Acquisition
Broadridge Financial Solution Inc
Common Stk USD0.01
06/07/2022 Dividend - paid gross
02/09/2022 Disposal
05/10/2022 Dividend - paid gross
05/01/2023 Dividend - paid gross
05/04/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
340
340
20,000.00
20,000.00
510
(15)
495		 27,031.00
27,031.00
19,217.99
19,217.99
53,827.79
(1,583.17)
52,244.62		 0.00
19,217.99
19,217.99
(2,217.82)
(2,217.82)		 0.00
0.00
634.65
634.65		 48,267
19,669
56,000		 180.05
191.07
178.61
178.84
728.57
0.00
231.72
267.40
253.65
244.90
0.00
997.67

Page 14

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Bunzl plc
32 1/7p ordinary shares
13/05/2022 Disposal
04/07/2022 Dividend - paid gross
04/01/2023 Dividend - paid gross
Dsm Nv
EUR1.5
08/08/2022 Acquisition
11/08/2022 Acquisition
22/12/2022 Acquisition
Etfs Metal Securities Ltd
Etfs Physical Gold (Gbp)
13/02/2023 Disposal
Experian Plc
Ordinary USD0.10
22/07/2022 Dividend - paid gross
03/02/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
2,200
(500)
1,700
65
320
75
460
285
(285)
0
1,600
1,600		 49,584.63
(11,269.23)
38,315.40
8,136.09
39,107.64
7,679.43
54,923.16
37,434.27
(37,434.27)
0.00
17,409.86
17,409.86		 (14,708.75)
(14,708.75)
8,136.09
39,107.64
7,679.43
54,923.16
(43,682.09)
(43,682.09)
0.00		 3,439.52
3,439.52
0.00
6,247.82
6,247.82
0.00		 52,258
43,538
0
42,896		 693.60
294.10
987.70
0.00
0.00
476.01
222.56
0.00
0.00
698.57

Page 15

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

First Sentier Invrs (Uk) Fds Ltd
Stewart Invrs Asia P Ldrs Sust B GBP
17/08/2022 Disposal
08/09/2022 Disposal
30/09/2022 Dividend - accumulation unit
30/09/2022 Cost write up - acc unit
Fiserv Inc
Common Stk USD0.01
03/03/2023 Disposal
Franco Nevada Corp
Common No Par Value
30/06/2022 Dividend - paid gross
29/09/2022 Dividend - paid gross
22/12/2022 Dividend - paid gross
30/03/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
5,229.69800
(2,529.69800)
(2,700.00000)
0.00000
1,070
(100)
970
850
850		 33,637.32
(16,270.97)
(17,366.35)
143.84
143.84
65,463.55
(6,118.09)
59,345.46
41,907.30
41,907.30		 (25,593.71)
(27,859.14)
143.84
(53,309.01)
(9,462.98)
(9,462.98)
0.00		 9,322.74
10,492.79
19,815.53
3,344.89
3,344.89
0.00		 143.84
143.84
0.00
167.77
181.73
168.63
174.89
0.00
693.02

Page 16

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Fresenius Medical Care Ag & Co Kgaa
No Par Value
17/05/2022 Dividend - paid gross
24/06/2022 Disposal
27/06/2022 Disposal
28/06/2022 Disposal
29/06/2022 Disposal
Generac Holdings
10/06/2022 Acquisition
24/06/2022 Acquisition
19/12/2022 Disposal
Hasbro Inc
stock
16/05/2022 Dividend - paid gross
15/08/2022 Dividend - paid gross
15/11/2022 Dividend - paid gross
15/02/2023 Dividend - paid gross
03/03/2023 Disposal		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
1,110
(278)
(208)
(174)
(450)
0
65
105
(170)
0
920
(200)
720		 70,590.29
(17,679.37)
(13,227.73)
(11,065.50)
(28,617.69)
0.00
15,300.94
18,037.51
(33,338.45)
0.00
61,634.91
(13,398.89)
48,236.02		 (10,713.56)
(8,057.76)
(6,983.30)
(18,592.92)
(44,347.54)
15,300.94
18,037.51
(13,026.79)
20,311.66
(9,052.23)
(9,052.23)		 (6,965.81)
(5,169.97)
(4,082.20)
(10,024.77)
(26,242.75)
(20,311.66)
(20,311.66)
(4,346.66)
(4,346.66)		 0
0
30,025		 928.68
928.68
0.00
447.69
453.33
462.21
452.20
0.00
1,815.43

Page 17

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Infineon Technologies Ag
Ordinary No Par Value (Regd)
21/02/2023 Dividend - paid gross
Intuit Inc
USD0.01
18/04/2022 Dividend - paid gross
31/05/2022 Acquisition
18/07/2022 Dividend - paid gross
18/10/2022 Dividend - paid gross
18/01/2023 Dividend - paid gross
Intuitive Surgical Inc
USD 0.01
31/05/2022 Acquisition
26/01/2023 Acquisition
27/01/2023 Acquisition		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£
3,250
3,250
150
25
175
185
50
45
50
330		 58,494.72
58,494.72
43,170.09
7,972.45
51,142.54
40,300.20
8,862.68
9,334.82
9,899.75
68,397.45		 0.00
0.00
0.00		 100,808
61,722
68,372		 674.80
674.80
66.59
84.61
102.56
94.02
347.78
0.00

Page 18

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Kerry Group
'a'ord EUR0.125
06/05/2022 Dividend - paid gross
11/11/2022 Dividend - paid gross
30/11/2022 Acquisition
Kuehne & Nagel International Ag
CHF1(REGD)(POST-SUBD)
09/05/2022 Dividend - paid gross
05/08/2022 Acquisition
Laboratory Corp Amer Hldgs
Common USD0.1
09/06/2022 Dividend - paid gross
09/09/2022 Dividend - paid gross
09/12/2022 Dividend - paid gross
13/03/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£
490
140
630
210
45
255
500
500		 44,401.66
11,477.17
55,878.83
25,078.37
9,570.93
34,649.30
56,964.17
56,964.17		 11,477.17
11,477.17
9,570.93
9,570.93
0.00		 0.00
0.00
0.00		 50,548
52,824
93,981		 209.60
100.51
310.11
1,123.34		 209.60
100.51
310.11
1,123.34
244.92
263.03
249.92
252.96
1,010.83

Page 19

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Marsh & McLennan Companies Inc
US$1 common stock
13/05/2022 Dividend - paid gross
15/08/2022 Dividend - paid gross
15/11/2022 Dividend - paid gross
15/02/2023 Dividend - paid gross
Microsoft Corp
US$0.00000625 common stock
09/06/2022 Dividend - paid gross
08/09/2022 Dividend - paid gross
08/12/2022 Dividend - paid gross
13/02/2023 Disposal
03/03/2023 Disposal
09/03/2023 Dividend - paid gross
Mastercard Incorporated
Common Usdd0.0001 Class 'a'
09/05/2022 Dividend - paid gross
09/08/2022 Disposal
09/08/2022 Dividend - paid gross
09/11/2022 Dividend - paid gross
09/02/2023 Dividend - paid gross
03/03/2023 Disposal		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
690
690
440
(25)
(30)
385
380
(35)
(20)
325		 61,017.86
61,017.86
12,597.71
(715.78)
(858.93)
11,023.00
23,239.18
(2,140.45)
(1,223.11)
19,875.62		 0.00
(5,622.10)
(6,180.41)
(11,802.51)
(10,160.42)
(5,853.59)
(16,014.01)		 0.00
4,906.32
5,321.48
10,227.80
8,019.97
4,630.48
12,650.45		 93,200
87,922
94,775		 256.71
286.56
292.18
286.62
1,122.07
185.60
201.81
208.71
202.23
798.35
129.68
130.55
124.50
137.90
522.63

Page 20

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Nike Inc
common stock class"B"
30/06/2022 Acquisition
03/10/2022 Dividend - paid gross
28/12/2022 Dividend - paid gross
03/04/2023 Dividend - paid gross
Next plc (New Co)
10p ordinary shares
01/08/2022 Dividend - paid gross
03/01/2023 Dividend - paid gross
Novartis AG
SWF0.50 shares
12/08/2022 Disposal
13/03/2023 Dividend - paid gross
Roche Holdings AG
Genusscheine npv
20/03/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
300
300
790
790
510
(60)
450
320
320		 27,355.00
27,355.00
62,389.46
62,389.46
26,477.01
(3,114.94)
23,362.07
65,168.32
65,168.32		 27,355.00
27,355.00
0.00
(4,317.98)
(4,317.98)
0.00		 0.00
0.00
1,203.04
1,203.04
0.00		 29,232
50,165
34,375
75,783		 69.36
71.86
70.33
211.55
1,003.30
521.40		 69.36
71.86
70.33
211.55
1,524.70
844.58
844.58
1,741.58		 844.58
844.58
1,741.58

Page 21

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Royal London Bond Funds Icvc
Royal London Short Term Fixed Inc Y Dis
15/06/2022 Disposal
30/06/2022 Interest - paid net
17/08/2022 Acquisition
30/09/2022 Interest - paid net
01/12/2022 Conversion out
30/12/2022 Interest - paid net
31/03/2023 Dividend - paid gross
Royal London Unit Trust Managers
Short Term Money Market A Acc
01/12/2022 Conversion in
30/12/2022 Equalisation payment
30/12/2022 Interest - paid net
24/03/2023 Acquisition
Synopsys Inc
US$0.01
08/09/2022 Acquisition
12/01/2023 Acquisition		 Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
185,171.40300
(85,171.40300)
85,000.00000
(25,000.00000)
160,000.00000
25,000.00000
75,000.00000
100,000.00000
210
35
45
290		 185,362.01
(85,259.07)
82,803.00
(24,717.02)
158,188.92
26,685.00
(244.97)
73,792.95
100,232.98
42,276.51
10,026.73
12,122.82
64,426.06		 0.49
1,967.98
1,968.47
0.00
0.00		 161,248
104,500
88,110		 267.39
308.10
424.30
716.20
1,715.99
397.89
397.89
0.00

Page 22

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Taiwan Semicon Man
Ads Each Cnv Into 5 TWD10
14/04/2022 Dividend - paid gross
14/07/2022 Dividend - paid gross
08/09/2022 Disposal
Thermo Fisher Scientific Inc
Bdr Each Repr 1/4 Common USD1
14/04/2022 Dividend - paid gross
15/07/2022 Dividend - paid gross
04/08/2022 Disposal
12/08/2022 Disposal
14/10/2022 Dividend - paid gross
16/01/2023 Dividend - paid gross
Tractor Supply Co
Stock
08/06/2022 Dividend - paid gross
07/09/2022 Dividend - paid gross
07/11/2022 Disposal
06/12/2022 Dividend - paid gross
03/03/2023 Disposal
14/03/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
670
(670)
0
260
(15)
(25)
220
580
(50)
(25)
505		 11,696.89
(11,696.89)
0.00
55,002.28
(3,173.21)
(5,288.68)
46,540.39
44,592.37
(3,844.17)
(1,922.08)
38,826.12		 (46,413.92)
(46,413.92)
(7,222.51)
(12,001.02)
(19,223.53)
(9,356.60)
(4,719.94)
(14,076.54)		 34,717.03
34,717.03
4,049.30
6,712.34
10,761.64
5,512.43
2,797.86
8,310.29		 0
102,397
95,111		 193.12
204.74
397.86
50.45
55.98
49.59
45.92
201.94
361.55
394.01
339.66
381.28
1,476.50

Page 23

The Barnett & Sylvia Shine No 2 Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

United Healthcare Corp
US$0.001 common stock
11/05/2022 Disposal
28/06/2022 Dividend - paid gross
01/07/2022 Disposal
20/09/2022 Dividend - paid gross
03/11/2022 Disposal
13/12/2022 Dividend - paid gross
26/01/2023 Disposal
03/03/2023 Disposal
21/03/2023 Dividend - paid gross
United Kingdom(Government Of)
0.125% Idx Lkd Gilt 22/03/24 GBP
24/02/2023 Acquisition
22/03/2023 Interest - paid net
United Kingdom(Government Of)
0% T-Bill 31/01/2024 GBP0.01
12/10/2022 Acquisition
31/01/2023 Interest - paid net
TOTAL:		 Holding Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
325
(25)
(30)
(20)
(20)
(20)
210
25,000.00		 325
(25)
(30)
(20)
(20)
(20)		 (9,894.08)
(12,635.24)
(9,501.80)
(7,919.25)
(7,885.89)
(47,836.26)
36,986.55
36,986.55
50,407.27
50,407.27
68,964.76		 342.96
330.37
285.70
240.29
210 1,199.32
23.23
25,000.00 23.23
53,000.00 33.13
53,000.00 33.13
25,321.07

Page 24