2021-03-31-accounts - The William And Ellen Vinten Trust

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	Page
TrusteesReporl	I
Independent ExaminersReport
Statementof flnancial activity
Balancesheet	6
Notes to the accounts	1

	Statementoffinancialactivitiesforth	ey yea	r to31March2021	r to31March2021
			UnrestrictedEndowment			Total	Total
			frrnds €&	funds	z020l2l d		20t9120 L
		Notes
	Income&Endowmentsfrom
	InvestmentIncome	lb
	Dividendsreceivable		845 9			9,845	31,645
	Interestr:eceivable(gross)
	QuotedInvestments		33,063			33.063	r1975 "*7
	HighlnterestChequeAccount		28			28	122
L	COIF InvestecClient Account		38			38	192 351
	Total incomingresources		42,973			42,973	66,286
	Expenditureon	1c
	Raisingfunds
	Portfoliomanagementfees			9.475		9^475	9,\82
	Charrtable ProjectsandGrants
	Education		31,442			31,442	62,162
	Training
	Secretarialcosts anddtsbursements		61956			6,956	7,012
	lndependent examinersl'ee		1,080			1,080	1,213
L			39,477			39,477	70,387
	Totalresources expended		39,477	9,475		48,953	79,569
	Netincomel(expenditure)before gains/(losses)oninvestments		3,496	(9,475)		(5,980)	(13,283)
	Netgains/(losses) oninvestmentassets			357,319		357,3t9	(307,714)
	Netmovementsinflrnds		3,496	347,844		1511lg	(320,997)
	TotalFundsbroughtforward		19.172	1,699,853	1,719,425		2,040,022
	TotalFunds carriedforward		22,6682,047,697		2	64	1,719,025

			Unrestricted	Endowment	Total	Total
			funds	funds	2A2r	2020
			€	L	&	.c
		Notes
Fixedassets
Investments		la&,2		1,969,671	1,869,671	1,403,560
Currentassets
Debtor-Interest receivable			3,358		3,358	4,500
Cashatbankandinhand			20,396	t78,A25	198,421	312,0i5
	Total currentassets		)a 7\L	178,025	241,7'/g	316,515
Creditors		6	1,096		1,086	1,050
	Net	currentassets	?2,668 178,0252A0,693			315,465
		Netassets	22,6682,047,696		2,074364	rytg,a25
The fundsofthe	charity
Endowmentfunds				)o47 696	2,047,696	1,403,560
Unrestricted	incomefunds		22,668		22,668	315,465
		Totalfunds	22,668	2W.,696	2,470,364	7,719,425

Investments
	2A2r	2020
Endowment Fund
Originalendowment 36l,4AATheVitecGroupPlcshares,
valueatdateof transfer tothetrust(292p)	1,055,288	1,055,298
Overallincreaseinvalueto31March(realisedandunrealised)599,180		915,453
Lesssalesundertakeninpreviousyears	(3,3111,689)(3,020,71g)
Addpurchasesundertaken in previousyears	3,067.781	2,916,502
	I,403,560	1,866,525
Lesssaleofshares	(14e,020)(306.80s)
Profiti(loss)onsaleofshares	3,957	8,834
	1?5R 3q7	1,569,554
Investmentspurchased (adjustedforaccruedinterest)	257,8r2	151.279
Changein valueat 31March	353,462	(316,273)
Investrnent valueat3t March}D2l	l,g69,67l	1,403,560
Adetailed investmentscheduleisonpagel0

TheWliliam&Ellen Vinten Trust	TheWliliam&Ellen Vinten Trust				sch€dule ot lnvestment8 held	sch€dule ot lnvestment8 held	sch€dule ot lnvestment8 held
			IridA,4a.ket				Unrealised	MidN4arket
Nomlnal Holding			Value AddilionsDale		Realisations		movemenl	Value			income
			20		Proceeds		in value	31l.iar21	Dividends			lnterest
28,600	A2D Funding Plc 4.75% Bds'18/10/22		30,202				112fr\|30,082				1,358.50
35.000	Ailiahz Glb invest Gih yi€ldilhc		i5,12i	5Jan21			(6,40e)	68,712
31,500	Allianz Glb investst.alegicbondIln.		40.015	20 Apr 20
13,500	AalianzGlb investsrategicbondIlnc		18.8405Jan21				1s71)	58,284				662.35
35,000	AXA lnvestment Man US Sht Dur Hiqh Yield	Bd	29.A17				2,005	31,822				1,340.1 3
20,000	BNP 65% FTSE S&P CPN Besr of Put (MTN)		2C,408
(20.000)	BNP 65% FTSE S&P CPN Best of Put([,4TN)			13N13y20	20,000		(408)
15,000	Bupa F;nance 6.125% Var Gtd Bds Perp		14,624									918 75
115,000)	Bupa Flnance 6.125% Var Gld Bds Perp			'16Sep 20	15.000		376
100	CG Portfolio Fd Real Return A GBP Selt		20,81't				(1,030)	19.787				333.30
20,000	CanaCian lmp Bank ldx/LkdSnr23l10l25		18,i41				3.573	22.314
20000	Canaciian imp Bank 5.4% FTSE/S&PAoall		16,303				2,888	19,191				1,080.00
25,000	Citigroup Glb\,,lkis5.57%FTSE		21,905				4.413	26,318				1.392.50
'12946	City Merchant High Yield Ord 2p shares		24,224
('12.946)	City Merchant High Yieid Ord 2p shares			5Jan2i	24.321	4.093				970.95
10,8&4	Custodian Reit Pl6 Ord0.01		10.750
{1i:1,364}	Custodian Relt P,c Ord0.01			12Aug 20	9,217	(1,533)						283.82
36,719	Enquest Plc 7"kSffEmln1512122		10,797
1,285	Enquesl Plc 7% Snr Emtn1512122		1,285	17Aug20			19.772	33,184				2,615.31
1,330	Enquesl Plc 7% SnrEml^15!2122		1,330	15 Feb21
20,000	Fundrock F'lhrs LtdFp Vr'hebSust		34,732	2AApr20			e,188	43,920
43,910	Greencoat uK Wind Ord GBP0.01		59,454				(2,942)	56,512	s,117.60
1,850	Henderson Opp Trust		11,711				13 542	25,253		499.50
20,647	HlaLInirasiructure Ord		33,469				5SS	34,068		690.28		1,0'13.08
20,00C	Hipgnosis Songs Fu Ord Npv		24,492	5 Feb21			558	25,050
30.000	lmpax Funds (lre) Envlronmental [4kls		30,606	20Apt 21
15,000	lmpax Funds{l16)Environmeniali,4kls		17.611	17Jun20			23,0C3	71.280		55.61
25.839	lNT Pubuc Parther Ord		40,309				3.075	43,384	1,878.50
10.000	lnternalioralPers 7.75% Gtd Snr14i12123GBP		5.275				4,675	s.950				775.00
21,387	lrvescoFd lungrs Invesco Corp Bond UK D	Dis	40,915				2,550	43,465				1,243.81
46000	J Pi.4organAm UK Ltd		18,500				4,876	23,3]6		960.00
59991	Jupiter UT MngG, Slralegic BondZlhc		38,424				990	3S,414				1,338.75
10.000	Jupiter UT Mngrs,llKSpecial Situatlons		14,044				4,830	18,874		384.88
	KKV Sec Loan CL D		436
769							(70)	274
	KKV Sec Loan C LD			iS i,4ar 21	92
	KKV Sec Loan FDB		1,4.15
3 985	Kl{/Sec Loan FDB			18N,{ar 21	199		(46.1)	182
10,300	Ladbrekes Grp Fi, 5.125% 16lAgi22		9,523				1,27A	10,801				527.88
50,CC0	Legal & GeneralUlL&Gllighlhc Trust (l) Dis		10,488				4,147	23,635				1,299.36
i1,950	Link Fundl/anagerTrojan lreland 0 GBP Dis		15,436				1,385	16,821
20.000	Lloyds Bank Plc 7 625trltn04/25		23,392				1,554	24,946				1.525.20
13.300	London Slock Exchanqe 4.75% Mtn2/11121		20,051				l2B4')	19,767				916.76
	L4&GSecurities Ltd Gbl floatlnq Rate Hiqh		19,38e				3,485	22,873				944.96
23,615
365	N4aitlandlnstl Svc MlTwenilourAm DyrlBd		36,263				5,426	41,689				1.546.56
4,000	lupierA[r{EURope)UK Dynamic Equite		14,31g				s,083	23,402
16.650	Nlorgan Stanley BV 543% FTSE Supedracker 25		13,462				5,809
20,000	Nlorgan Slanley6V5.21% FTSE lnc Acall27		15,770				3,228	18,998				1,042.00
250	Oaktree (Lux) Fds/FundrockNrgmtCo		20,303				3,217	23,520				1,044.88
15,000	Paraqon tsankinq Gp 6% SnrEnli2818124		16,414				'138	16,556				900.00
15.000	Paragon Banking Gp 6% Shr Emtn5112/20		13,875
(15,000)	Paragon Baflking Gp 6% Snr Emtn5/12120			8 Dec 20	15.000	1,125						676.50
43000	Picton Property lncome Ord NPV		38,221				(1,182)	37,045				1,182.50
20.000	Premier Oii 6.5% Gtd i31i05i21)		7.840				1 1,010	18,850				1.s00.00
666	Premier Oil Equily Wt31/5,i22		341				(340)
50.000	Cooperatieve Rabo,1.625% Sn. Mtn13/1121	GBP	51,1 08
(50,000)	Cooperatieve Rabo 4.625% Snr Mtn 13/1/21	GBP		'13Jar21	50,ooo	(1,108)
15,000	Cooperatieve Rabo 4% Snr[.11n19/9/22		15,577				212	15.789				600 00
4.500 ('j,500)	Scotl"4crt{nvTstOrd GBP0.05 ScottlodlnvTslOrCGBPo.05		25,U1	14 May2a	9,885	1,271 16,883		1 1 34,		99	311
17,301	Sequois EconomicINPV		16,3S2				1,696	18.028	1	,c81
20,000	Shroder Unit Tst Gbl Cities Real Estate		16720	12Aug 20			436	17,156		106.58
5,300	Tesco Personal Fin 5%frTN 21li1120		5,265
												265.C0
(5.30Ci	Tesco Personal Fin 5%IVTN21ll1/2n			24 Nov20	5,300		35
12,500	Twentytbur lncome Ord Red GBP0.01		11,013				2,581	13,594				800.00
28.000	UKGo*0.125%llL Git2203129		44,452				(448)	43,604				4s.38
45,000	UK Govt 0.125%ld\ lkd22103124		60,043				300	60,343				68.29
22,500	UK Govt 1.25% ldx-Lkd22111127		45,249				(668)	44,581				424.92
'15.000	UK Govt 2% l/L Stk 26/'i135		43.99S				(6e1)	.13,308				841.42
30,000	UKGovt2.25% Gilt07/0S/23		32,161				(5s0)	31,571				337.50
30,000	UK Govt 4% Gtd SnrG,lt07/03/22		32,250				(1.134)	31 ,116				1,200.00
40,000	Vitec Group Plc Ord 20p shares		258,000				198,000	456.C00	(Withheld)
		Totals1,403.560257,812			14e,020	3,857 353,!6]		l,gqe_qllj,q4-q?				}.1ry-ql

Grantsto individuals totalled,41,600(2 4Secretarialcostsand distrursements	020-f.21,979)andto institutionsf11,50	0(2020-fI5,000)
The costs expended were:	2021	2AZ0
	{	&
JabuDesigns(Website)	216	216
MrDMarriott	6."/40	6,796
	__92:S_	7,012
5Creditors
	2021	2.020
	{	t
Ensors	1,086	1,050
	1,086	r,050

				Gains/
7	Statement offunds	BiFrvd	IncomeExpend	(losses)	C/Fwd
	EndowmentFund	1,699,853	- {9,17s)	357,319	2,041,697
	Unrestricted fund	19,172	42.973t39,411)		22.668
	Totalolfunds	1,119,025	42"973 (48.953)357,319		2,07A364

	UnrestrictedEndowment	UnrestrictedEndowment	Total
	funds	fu!d$	flrnds
	+'{
Incomeand endowmentsfrom
Dividends receivable	31,645		31,645
Iaterestreceivable(gross)	34,641		34,641
	66,286		66,286
Expenditureon
Raisingfunds		9,182	9,182
Charitable activities	70,387		70,387
	'70.79,1	9,182	79,565
NetIncome (expenditure)before gains/(losses) on investments	(4,r01)(9,182)		(13,283)
Netgains/(losses) oninvestmentassets			(307,114)
Net movement in funds	_9J01)-_11i6,8%I		(.320,9e7)