**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