| Page | |
|---|---|
| Legalandadministrativeinformation | |
| Trustees'report | 2-4 |
| Statementoftrustees'responsibilities | 5 |
| Independentexaminer'sreport | N. |
| Statementoffinancialactivities | i7 |
| Statementoffinancialposition | |
| Statementofcashflows | 7 |
| Notestothefinancialstatements | 10-16 |
| Investmentschedule | 17-25 |
| Trustees | MrsSusannaPeake |
|---|---|
| MrsKatharineLoyd | |
| Charitynumber | 283462 |
| RegisteredofficeIAddressforappeals | 8FinsburyCircus |
| London | |
| EC2M7AZ | |
| Independentexaminer | MrRussellJosephACA |
| BournerBullockCharteredAccountants | |
| SovereignHouse | |
| 212-224ShaftesburyAvenue | |
| London | |
| WC2H8HQ | |
| Bankers | LloydsBankPlc |
| HighStreet | |
| Moreton-in-Marsh | |
| Gloucestershire | |
| GL560AY | |
| Solicitors | Currey&Co |
| 33QueenAnneStreet | |
| London | |
| WIG9HY | |
| Investmentadvisors | SarasinandPartnersLLP |
| JuxonHouse | |
| 100StPaul'sChurchyard | |
| London | |
| EC4M8BU |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds |
||
| 2021 | 2020 |
||
| Notes | £ |
£ |
|
| Income | |||
| Investments | 4 | 185,249 | 194,195 |
| Returneddonations | 3 | 1,000 | - |
| Otherincome | 5 | - | 5,804 |
| Totalincome | 186,249 | 199,999 |
|
| Expenditure | |||
| Raisingfunds | 6 | 26,069 | 24,190 |
| Charitableactivities | 7 | 156,191 | 234,238 |
| Totalresourcesexpended | 182,260 | 258,428 |
|
| Netgains/(losses)oninvestments | 12 | 1,869,591 | (576,705) |
| Netmovementinfunds | 1,873,580 | (635,134) |
|
| Fundbalancesat6April2020 | 7,544,592 | 8,179,726 |
|
| Fundbalancesat5April2021 | 9,418,172 | 7,544,592 |
2021 |
2020 |
|||
|---|---|---|---|---|
| Notes | £ | £ | £ | £ |
| Fixedassets | ||||
| Investments 13 |
9,065,748 | 7,085,283 | ||
| Currentassets | ||||
| Debtors 14 |
7,132 | 287,552 | ||
| Cashatbankandinhand | 355,192 | 325,339 | ||
| 362,324 | 612,891 | |||
| Creditors:amountsfallingduewithin | ||||
| oneyear 15 |
(9,900) | (153,582) | ||
| Netcurrentassets | 352,424 | 459,309 | ||
| Totalassetslesscurrentliabilities | 9,418,172 | 7,544,592 | ||
| Incomefunds | ||||
| Unrestrictedfunds | 9,418,172 | 7,544,592 | ||
| 9,418,172 | 7,544,592 | |||
| ThefinancialstatementswereapprovedbytheTrusteeson.....27...... | ,22"a, | |||
| ...s | .........~~~ | |||
| MrsSusannaPeake | MrsKatharineLoyd | |||
Trustee |
Trustee |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Cashflowsfromoperatingactivities | |||||
| Cashabsorbedbyoperations | 17 | (180,981) | (254,675) | ||
| Investingactivities | |||||
| Adjustmenttoopeningvalueofinvestments | - | (1,966) | |||
| Purchaseofinvestments | (1,199,793) | (614,840) | |||
| Proceedsondisposalofinvestments | 1,323,498 | 473,192 | |||
| Investmentincomereceived | 186,652 | 194,195 | |||
| Netcashgeneratedfrominvesting | |||||
| activities | 310,357 | 50,581 | |||
| Netincrease/(decrease)incashandcash | |||||
| equivalents | 129,376 | (204,094) | |||
| Cashandcashequivalentsatbeginningofyear | 678,984 | 883,078 | |||
| Cashandcashequivalentsatendof | 18 | ||||
| year | 808,360 | 678,984 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Incomefromlistedinvestments | 21,024 | 27,140 |
| Unittrustincome | 104,549 | 124,483 |
| Unittrustinterest | 10,440 | - |
| REITS | 12,332 | 15,197 |
| Foreignincome | 37,664 | 27,375 |
| Interestreceivable | 643 | - |
| Unrecoverabletax | (1,403) | - |
| vJ,c-ra | iate,io..J | |
| Otherincome | ||
| 2021 | 2020 | |
| £ | £ | |
| Grossinterest | - | 3,838 |
| Adjustmenttoopeningvalueofinvestments | - | 1,966 |
| 5,804 | ||
| Raisingfunds | ||
| 2021 | 2020 | |
| £ | £ | |
| Investmentmanagement | 26,069 | 24,190 |
| 'anaa | ')IIIan | |
| Charitableactivities | ||
| 2021 | 2020 | |
| £ | £ | |
| Grantfundingofactivities(seenote19) | 154,500 | 229,000 |
| Shareofgovernancecosts(seenote9) | 1,691 | 5,238 |
| 156,191 | 234,238 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Grantstoinstitutions(30grants): | ||
| EducationandChildren | 21,000 | 27,500 |
| LocalCharitableOrganisations | 39,000 | 18,500 |
| MedicalandHospices | 35,000 | 48,500 |
| ElderlyandDisabled | 10,000 | 28,000 |
| International | 10,000 | 25,500 |
| GeneralCharitableOrganisations | 34,500 | 74,500 |
| AnimalandEnviroment | 2,000 | 5,500 |
| ArmedForces | 3,000 | 1,000 |
| 154,500 | 229,000 |
| Supportcosts | ||||||
|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | |
| costs | costs |
costs | costs | |||
| £ | £ |
£ | £ | £ | £ | |
| Trustmanagementfee | - | - |
- | - | 3,600 |
3,600 |
| LEIfee | - | 41 |
41 | - | 78 |
78 |
| Independentexaminer's | ||||||
| fee | - | 1,650 |
1,650 | - | 1,560 |
1,560 |
| - | 1,691 |
1,691 | - | 5,238 |
5,238 |
| Holding | Market | Value | Additions | Disposals | Disposals | Realised | Unrealised | Holding | Holding | MarketValueGrossIncome | MarketValueGrossIncome | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | April2020 | 6April | 2020 | Quantity | Cost | Quantity | Proceeds | Profitt(Ioss) | Profit/(Ioss) | 5April | 2021 | 5April2021 | |
| £ | £ | £ | £ | £ | £ | £ | £ | ||||||
| SarasinFundManagement | S.A. | ||||||||||||
| GlobalHigherDividendDInc | |||||||||||||
| 115,000 | 167,440 | 1,935 | |||||||||||
| 2,477 | |||||||||||||
| 227 | |||||||||||||
| 51,635 | 115,000 | 219,075 | 1,689 | ||||||||||
| SarasinInvestmentFunds | |||||||||||||
| ResponsibleCorpBondIGBPInc | |||||||||||||
| 150,000 | 146,100 | 150,000 | 151,200 | 2,809 | |||||||||
| 100,000 | 104,900 | 3,748 | |||||||||||
| (238) | 6,438 | 400,000 | 408,400 | 3,882 | |||||||||
| SchneiderElectric | |||||||||||||
| EUR8shares | |||||||||||||
| 950 | 62,340 | 950 | 92,285 | 29,945 | 1,523 | ||||||||
| Segro | |||||||||||||
| Ordinary10p | |||||||||||||
| 23,800 | 177,405 | 23,800 | 228,432 | 51,027 | 3,427 | ||||||||
| 1.642 | |||||||||||||
| SiemensAg | |||||||||||||
| Npv(Regd) | |||||||||||||
| 750 | 87,797 | ||||||||||||
| 400 | 47,869 | 1,678 | 1,150 | 137,344 | |||||||||
| ThreadneedleInv | |||||||||||||
| Amer/gthAccInstShsNay | |||||||||||||
| 80,000 | 277,640 | 1,398 | 128,178 | 80,000 | 407,216 | 1,398 |
| Holding | Market | Value | Additions | Disposals | Disposals | Realised | Unrealised | Holding | Holding | Market | ValueGrossIncome | ValueGrossIncome | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6April2020 | 6April | 2020 | Quantity | Cost | Quantity | Proceeds | Profitl(loss) | Profit/(loss) | 5April | 2021 | 5April | 2021 | |
| £ | £ | £ | £ | £ | £ | £ | £ | ||||||
| PfizerInc | |||||||||||||
| CommonUSD0.05 | |||||||||||||
| 2,400 | 65,864 | 3,937 | 615 | ||||||||||
| 9 | 579 | ||||||||||||
| 580 | |||||||||||||
| 751 | 2,400 | 62,669 | 568 | ||||||||||
| Prudential | |||||||||||||
| Ordinary5p | |||||||||||||
| 10,000 | 92,020 | 2,084 | |||||||||||
| 63,130 | 10,000 | 155,150 | 417 | ||||||||||
| RocheHldgsAg | |||||||||||||
| CHF1(BR) | |||||||||||||
| 500 | 132,822 | (9,147) | 500 | 123,675 | 2,311 | ||||||||
| Sarasin&PartnersLip | |||||||||||||
| EndowmentAGBPDis | |||||||||||||
| 2,284,400 | 2,190,968 | 434,400 | 462,202 | 45,569 | 17,590 | ||||||||
| 17,760 | |||||||||||||
| 16,280 | |||||||||||||
| 425,315 | 1,850,000 | 2,199,650 | 17,575 | ||||||||||
| Sarasin&PartnersLip | |||||||||||||
| Income&ReservesAGBPDis | |||||||||||||
| 575,000 | 615,250 | 5,097 | |||||||||||
| 5,118 | |||||||||||||
| 4,652 | |||||||||||||
| 35,650 | 575,000 | 650,900 | 4,465 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Revaluationofinvestments | 1,722,737 | (525,630) | |
| Gain/(loss)onsaleofinvestments | 146,854 | (51,075) | |
| 1,869,591 | (576,705) | ||
| Fixedassetinvestments | |||
| £ | £ | ||
| Costorvaluation | |||
| At6April2020 | 6,731,638 | 353,645 | 7,085,283 |
| Additions | 1,053,693 | - | 1,053,693 |
| Valuationchanges | 1,722,737 | - | 1,722,737 |
| Realisedgains/(losses) | 146,854 | - | 146,854 |
| Cashavailabletoinvest | - | 99,523 | 99,523 |
| Disposals | (1,042,342) | - | (1,042,342) |
| At5April2021 | 8,612,580 | 453,168 | 9,065,748 |
| At5April2020 | 6,731,638 | 353,645 | 7,085,283 |
| Investmentsrepresentingmorethan5%ofthep | ortfoliostotal | marketvalue: | ||
|---|---|---|---|---|
| Investment | Units | MarketValue | %ofTotal |
Market |
| £ | Value | |||
| SarasinEndowmentsFundClassAInc | 2,284,400 | 2,199,650 | 25.57% | |
| SarasinIncomeandReservesFundClassAInc | 575,000 | 650,900 | 7.57% | |
| JPMorganAmericanInvestmentOrd | 119,500 | 725,365 | 8.43% | |
| 2021 | 2020 | |||
| £ | £ | |||
| Listedinvestments | 8,612,580 | 6,731,638 | ||
| Cashininvestmentportfolio | 453,168 | 353,645 | ||
| y,uo0,/4Z5 | /,uoo,GOi | |||
| Historiccostofinvestments | 5,734,380 | 5,468,401 |
| 14 | Debtors | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Amountsfallingduewithinoneyear: | £ | £ | |
| HMRCtaxrepayable | 7,132 | 6,396 | |
| Unsettledinvestmenttransactions | - | 281,156 | |
| I,IJG | GOI,UUG | ||
| 15 | Creditors:amountsfallingduewithinoneyear | ||
| 2021 | 2020 | ||
| Unsettledinvestmenttransactions | 146,100 | ||
| Investmentmanagementfee | 6,870 | 6,102 | |
| Independentexaminersfee | 3,030 | 1,380 | |
| Qann | 1F''SR7 |
| 17 | Cashgeneratedfromoperations | 2021 | 2020 |
|---|---|---|---|
| Surplus/(deficit)fortheyear | 1,873,580 | (635,134) | |
| Adjustmentsfor: | |||
| Investmentincomerecognisedinstatementoffinancialactivities | (186,652) | (194,195) | |
| (Gain)/lossondisposalofinvestments | (146,854) | 51,075 | |
| Fairvaluegainsandlossesoninvestments | (1,722,737) | 525,630 | |
| Movementsinworkingcapital: | |||
| (Increase)/decreaseindebtors | (736) | 5 | |
| Increase/(decrease)increditors | 2,418 | (2,056) | |
| Cashabsorbedbyoperations | 1IOU,.7OI) | 1GU°4,O(U) | |
| 18 | Cashandcashequivalents | ||
| 2021 | 2020 | ||
| Cashatbankandinhand | 355,192 | 325,339 | |
| Cashavailabletoinvest | 453,168 | 353,645 | |
| 808,360 | 678,984 |
| Donationsmadetoinstitutionsduringtheyear | |
|---|---|
| 2021 | |
| ActionforYouth | 5,000 |
| AllEarsInternational | 5,000 |
| APT(ActiononPoverty) | 4,000 |
| BourtononTheHill-RetreatfortheAged | 5,000 |
| CobaltHealth | 5,000 |
| CombatStress | 3,000 |
| CotswoldFriends | 20,000 |
| DeafBlindUK | 9,000 |
| GloucestershireSociety | 2,000 |
| HepatitisCTrust | 2,000 |
| InstituteofCancerResearch | 5,000 |
| Kate'sHomeNursing | 10,000 |
| KeepBritainTidy | 4,000 |
| ListeningBooks | 3,000 |
| LongboroughPrimarySchool | 5,000 |
| LongfieldHospice | 4,000 |
| NelsonTrust | 5,000 |
| NorthCotswoldCommunityAwareness | 8,000 |
| NorthCotswoldsFoodbank | 4,500 |
| PCC-BroughtonHill | 4,500 |
| PCC-StJames'Longborough | 4,500 |
| Perennial | 2,000 |
| Prisoner'sEducationTrust | 5,000 |
| QEF | 5,000 |
| ReadEasy | 4,000 |
| ShannonTrust | 4,000 |
| ShelterBox | 3,000 |
| SHS | 4,000 |
| TheTheatre,ChippingNorton | 5,000 |
| Zane | 5,000 |
| 154,500 |
| Holding | Market | Value | Additions | Disposals | Disposals | Realised | Unrealised | Holding | Holding | Market | ValueGrossIncome | ValueGrossIncome | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6April2020 | 6April | 2020 | Quantity | Cost | Quantity | Proceeds | Profitt(loss) | Profitl(loss) | 5April | 2021 | 5April | 2021 | |
| £ | £ | £ | £ | £ | £ | £ | £ | ||||||
| BroadcomCorp | |||||||||||||
| CommonUSD1.00 | |||||||||||||
| 350 | 66,888 | 788 | |||||||||||
| 753 | |||||||||||||
| 787 | |||||||||||||
| 56,164 | 350 | 123,052 | 776 | ||||||||||
| CivitasSocialHousingPic | |||||||||||||
| OrdinaryGBP0.01 | |||||||||||||
| 180,438 | 174,123 | 135,136 | 141,134 | 10,728 | 2,391 | ||||||||
| 35,282 | 36,860 | 2,812 | 2,436 | ||||||||||
| 10,020 | 10,458 | 789 | 2,436 | ||||||||||
| CmeGroupInc | |||||||||||||
| CommonStkUSD0.01Class'a' | |||||||||||||
| 550 | 77,955 | 319 | |||||||||||
| 312 | |||||||||||||
| 295 | |||||||||||||
| 858 | |||||||||||||
| 4,161 | 550 | 82,116 | 307 | ||||||||||
| CoifCharityFds | |||||||||||||
| PropertyInc | |||||||||||||
| 59,242 | 69,277 | 906 | |||||||||||
| 705 | |||||||||||||
| 723 | |||||||||||||
| (1,504) | 59,242 | 67,773 | 746 |
| Holding | Holding | Market | Value | Additions | Disposals | Disposals | Realised | Unrealised | Holding | Holding | Market | ValueGrossIncome | ValueGrossIncome | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6April | 2020 | 6April | 2020 | Quantity | Cost | Quantity | Proceeds | Profitl(loss) | Profitl(loss) | 5April | 2021 | 5April | 2021 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |||||||
| Credicorp | ||||||||||||||
| CommonUSD5 | ||||||||||||||
| 500 | 52,843 | (2,458) | 500 | 50,385 | 3,560 | |||||||||
| EcolabInc | ||||||||||||||
| CommonUSD1 | ||||||||||||||
| 800 | 96,107 | 254 | ||||||||||||
| 255 | ||||||||||||||
| 245 | ||||||||||||||
| 29,922 | 800 | 126,029 | 238 | |||||||||||
| Enel | ||||||||||||||
| EUR1 | ||||||||||||||
| 32,300 | 172,667 | 3,616 | ||||||||||||
| 58,694 | 32,300 | 231,361 | 3,712 | |||||||||||
| EquinixInc | ||||||||||||||
| CommonUSD0.001New | ||||||||||||||
| 254 | 129,443 | 457 | ||||||||||||
| 451 | ||||||||||||||
| 430 | ||||||||||||||
| (3,258) | 254 | 126,185 | 446 | |||||||||||
| FindlayParkUSSmallerCosFd | ||||||||||||||
| USSmallerCos | ||||||||||||||
| 3,000 | 276,407 | 80,294 | 3,000 | 356,701 |
| Holding | Holding | Market | Value | Additions | Disposals | Disposals | Realised | Unrealised | Holding | Holding | Market | ValueGrossIncome | ValueGrossIncome | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6April | 2020 | 6April | 2020 | Quantity | Cost | Quantity | Proceeds | Profit/(loss) | Profit/(loss) | 5April | 2021 | 5April | 2021 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |||||||
| GreshamHouseEnergyStorageFdPic | ||||||||||||||
| OrdinaryGBP0.01 | ||||||||||||||
| 68,600 | 72,030 | 158 | ||||||||||||
| 6,517 | 68,600 | 78,547 | 1,043 | |||||||||||
| HomeReitPlc | ||||||||||||||
| OrdinaryGBP0.01 | ||||||||||||||
| 42,700 | 42,700 | 1,038 | ||||||||||||
| 82,300 | 87,673 | 12,127 | 125,000 | 142,500 | ||||||||||
| JPMorganAmericanInvTrustplc | ||||||||||||||
| Ordinary5pshares | ||||||||||||||
| 119,500 | 432,590 | 4,780 | ||||||||||||
| 292,775 | 119,500 | 725,365 | 2,988 | |||||||||||
| LinkFundSolutionsLtd | ||||||||||||||
| MorantWrightNipponYieldFund'b'Inc | ||||||||||||||
| 60,000 | 165,546 | 3,742 | ||||||||||||
| 44,250 | 60,000 | 209,796 | 2,472 | |||||||||||
| M&Gplc | ||||||||||||||
| 5pOrdinaryShares | ||||||||||||||
| 10,000 | 10,940 | 1,192 | ||||||||||||
| 385 | ||||||||||||||
| 10,000 | 10,000 | 20,940 | 600 |
| Holding | Market | Value | Additions | Disposals | Disposals | Realised | Unrealised | Holding | Holding | Market | ValueGrossIncome | ValueGrossIncome | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6April2020 | 6April | 2020 | Quantity | Cost | Quantity | Proceeds | Profit/(Ioss) | Profit/(loss) | 5April | 2021 | 5April | 2021 | ||
| £ | £ | £ | £ | £ | £ | £ | £ | |||||||
| Umicore | ||||||||||||||
| NoParValue(PostSplit) | ||||||||||||||
| 2,100 | 61,041 | 275 | 8,749 | 756 | 332 | |||||||||
| 703 | 22,436 | 2,001 | ||||||||||||
| 21 | 670 | 60 | ||||||||||||
| 330 | 10,482 | 890 | ||||||||||||
| 83 | 2,637 | 224 | ||||||||||||
| 63 | 2,003 | 172 | ||||||||||||
| 28 | 900 | 86 | ||||||||||||
| 432 | 14,006 | 1,449 | ||||||||||||
| 165 | 5,321 | 525 | ||||||||||||
| Unilever | ||||||||||||||
| Ordinary31/9p | ||||||||||||||
| 2,200 | 88,814 | 795 | ||||||||||||
| 814 | ||||||||||||||
| 824 | ||||||||||||||
| (330) | 2,200 | 88,484 | 827 | |||||||||||
| UtdParcelSery | ||||||||||||||
| Class'b'comUSD0.01 | ||||||||||||||
| 1,000 | 79,304 | 674 | ||||||||||||
| 659 | ||||||||||||||
| 644 | ||||||||||||||
| 44,454 | 1,000 | 123,758 | 624 |