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||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|
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|||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|
##
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||`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`||||
##
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##
|||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|
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||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|
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||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|
##
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##
||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|
##
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|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|
##
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|||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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|||
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|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|
##
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||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|
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