##
##
|||Page|
|---|---|---|
|Trustees Report|||
|Independent
Examiners|Report||
|Statement offinancial|activity||
|Balance sheet|||
|Notes to the accounts|||
##
##
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##
##
|Trustees|Appointed
by||Date ofRetirement|
|---|---|---|---|
|R H Crosher|Trust Deed|||
|SCrosher|Trust Deed|||
|J Guest|The Chairman
of Greene|King|29Sep23|
|D Youngman|Thales Optronics||9Jan 24|
|K Honeyman|Co-opted
by the Trustees||20 May 23|
|A Bonnett|Chamber of Commerce||24 Sep 21|
|D Langley|Co-opted
by the Trustees||29 Sep 23|
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##
|||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|2021/22|2020/21|
||||Notes|||||
|Income &Endowments|from|||||||
|Donations &legacies||||||||
|Investment
Income||||||||
|Dividends
receivable||||17,743||17,743|9,845|
|Interest receivable(gross)||||||||
|Quoted Investments||||27,995||27,995|33,063|
|High Interest Cheque Account|||||||28|
|COIF||||13||13||
|Investec Client Account||||||||
|Total|incoming||resources|45,755||45,755|42,973|
|Ex enditure
on|||lc|||||
|Raising funds||||||||
|Portfojio management|fees||||]0,682|10,682|9,475|
|Charitable Pro'ects and Grants||||||||
|Education||||34,450||34,450|31,442|
|Training||||||||
|Secretarial costs and disbursements||||7,775||7,775|6,956|
|Independent
examiners|fee|||1,152||1,152|],080|
|||||43,377||43,377|39,477|
|Total|resources expended|||43,377|10,682|54,059|48,953|
|Net income/(expenditure)before||||||||
|gains/(losses)
on investments||||2,378|(10,682)|(8,304)|(5,980)|
|Net gains/(losses)
on investment||assets|||118,474|I ]8,474|357,319|
|Net movements
in funds||||2,378|107,792|110,170|351,339|
|Total Funds brought
forward||||22,668|2,047,696|2,070,364|1,719,025|
|Total Funds carried forward||||25,046|2,155,488|2,180,534|2,070,364|
##
||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2022|2021|
|||Notes|||||
|Fixed assets|||||||
|Investments||la&2||1,991,014|1,991,014|1,869,671|
|Current
assets|||||||
|Debtor
—Interest|receivable||2,401||2,401|3,358|
|Cash at bank and|in hand||23,797|164,474|188,271|198,421|
||Total current|assets|26,198|164,474|190,672|201,779|
|Creditors|||1,152||1,152|1,086|
||Net current|assets|25,046|164,474|189,520|200,693|
||Net assets||25,046|2,155,488|2,180,534|2,070,364|
|The funds ofthe|charity||||||
|Endowment|funds|||2,155,488|2,155,488|2,047,696|
|Unrestricted|income funds||25,046||25,046|22,668|
||Total funds||25,046|2,155,488|2,180,534|2,070,364|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2|Investments||||
|---|---|---|---|---|
||||2022|2021|
||Endowment
Fund||||
||Original
endowment
361,400 The Vitec Group Plc shares,||||
||value at date oftransfer to the trust (292p)||1,055,288|],055,288|
||Overall increase in value to 31March (realised and unrealised)||952,642|599,180|
||Less sales undertaken
in previous
years||(3,463,852)|(3,318,689)|
||Add purchases
undertaken
in previous|years|3,325,593|3,067,781|
||||1,869,671|1,403,560|
||Less sale ofshares||(325,143)|(149,020)|
||Profit/(loss)
on sale ofshares||15,834|3,857|
||||1,560,362|1,258,397|
||Investments
purchased
(adjusted for accrued interest)||328,012|257,812|
||Change in value at 31 March||102,640|353,462|
||Investment
value at 31March 2022||1,991,014|1,869,671|
||A detailed investment
schedule is on page 10||||
||Th
Woliam
ED n Vin en Tru||||||||||||||S|edule|edule|edule|fInvestme|fInvestme|fInvestme|fInvestme|h|I||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Mid|Market||||||||||||||||||Unrealrsed||||Mtd Market|||||||||
||Nominal
Holding|||Value||||Addxions||||Date||||Reslisatlons|||||||movement||||Value|||Income||||||
||28,600
A2D Funding
Pic 475%Bds 18/10/22
18,750
21,250
IAberdeen
Stan Eurp Log Ord GBP0.01
erdcan Stan Eurp Log Ord GBP0.01|||I Apr21
30,082J
——
———..——J||||21,922
23,660|||2 Jun
2 Feb||21'
22,||Proceeds||||Gain/(Loss)||||tn value
(1,023)I
(1,682)
'||||31 Mar 22
Drvldends
"":"L
1,073.881
—j
43,900,)||||||Interest
1,358.501|||
||IAsianz Gib invest
Gilt yield
I Inc
35,000
Asianz Gib tnvest strategic band
I inc
45,000,|||r|68,712
58,284||I
I|||||||||110
170
I|||||||--|(3,834T)
&'5,941)t|||64,7SS
',
52 173)||258.44
—--—
I
957.78||||||110
170|
||ss,ooo
j
AXA Investment
Man US Sht Dur High Yield Bd||||31,8220|||||||||||||||||||(1,001}|||30,821|I|1,312.09|||I||||
||27,000
i
BMO Fund Mgmt|||||||51,624|||16Feb||22|1|||||||||||||52,137|'||||||||
||100
'CG Parlfolto Fd Real Return
A GBP Sett||||19,787.L|||||||||||||||||||1,174(,|||20,961|'||300 471||||||
||20,00$Canadian
Imp Bank Idx/Lkd Snr 23/10/25
20,000 ICanadian
imp Bank 5.4% FTSE/S&P ACall||||22,314
19,191,||||||||||||||||R|||965
285||'
I|23,279
19,476||||||1,060.00i|||
||25,000
)Ctugroup
Gib Mkts 5.57%FTSE|||t|26,318J||||||||||||||||||||||26,183||||||1,392.50|||
||39,334 Enquest Pic7%Snr Emtn 15/2/23
..I|||1|33,184||I|||||||||||||||||6590|j||||||||2'753 381|||
||20,000
15,000
Fundrock
Plnrs Ltd Fp Wheb Suet
Fundrock
Ptnrs Ltd Fp Wheb Suet||||40,920||I|29,982||[5
16Feb|||22J|||||||||||2,241||I|73,143|i|159.80|||||(29,982)||
||43,910
3,377
JGreencaat
UK Wtnd Ord GBP 0.01
IGreencaet
UK Wind Ord GBP0.02||||56,512||i|4,458||I||||||||||||||11,095|||72,065|3,213.34
i—||||i|||(4,458)|
||1,8 0
Henderson
Opp Trust|||||||||||||||||||||||||||||||||25,253||
||(675)
Henderson
Opp Trust||||||||||||||10,296||||||||||||||||L|||||
||(iss)||||||||||5|May|21|||2,509||||||||||||||||||||
||(405)
IIHendersan
Opp Trust||||||||||6|May|21l|||6,187||i||||||||||||||||||
||&so
)
anderson
Opp Trust||||||||||7|May|1
21(|||9,247||J|2,986
I
———|||||||||||||||||
||20,647
IHICL Infrastructure
Ord
I||||34.068,||||||||||||||||~|||2,704||i|36,772||1,703.38,|||||||
||iHipgnoeis
Songs Fu Ord Npv
20,000
20,000
Hipgnosis
Songs Fu Ord Npv||||25 050|I||23,409|||16Feb||22|||||||||||(219),|||48,240||1,312 SO|||||(23,409)||
||Impax Funds (Ire) Environmental
Mkts
INT Public Partner Ord||||71,280
i
t
43,384|||||||||||||||||||4,590
1,343|i
ii||75,870
44,727||73.08+
1,927.59 t|||||||
||10,000J n
temational
Pere 7.75'y Gtd Snr 14/12/23||GBP|||||||||||||||||||||123|||10,073||||.I||775.00'|||
||vesco Fd Mngrs Invesco Corp Bond UK D Dis
21,387|||J|43,465t||||||||||||||||||||I||||1,181.46|||i||43,465||
||(21,38 )tt
Invesco Fd Mngrs Invssco Corp Band UK D Dts||||||||||2|Nav|21|I|||||(1,252)'|||||||||||||||||
|I
r|ilehares
8 Pic
12,500
~KKV SecLoan C L D
KKV SecLoan FD8
40,000
JP Morgan Am UK Ltd
59,991 J
upiter UT Mngrs, Strategic Band 2Inc
J.|||274
I
7
23,376
j
t——
39,414
(||||71,872;|||16|Nov|21|'||338
4+98||I|64
(284)|||t
i||(3,028)
(2,232)|I
i||68,844
25,812
37,182|)
i|157.50I-I
568.00
i
1,521.12i|||||1
-+———
'|274
782|
||Jupiter UT Mngrs,
UK Special Situatians
19,287|I|||18,874|||||||||||||||||||i,eso|'||20,324|||395.29||||||
|L|10'300
Ladbrokes
Grp Fi, 5.125% 16/09/22|||||t||||||||||||||||||(408)|||10,393|I||||||||
||50,00
Legal &General
UT L&G High Inc Trust (I)||Ore|||||||||||||||||||||(2,375)|||21,260|||||||||
||11,95
Link Fund Manager Trojan Ireland 0GBP Dis|||||||||||||||||||||||2,099|',||18,920|(||||||||
||20,000,Lloyds Bank Pic 7625 Mtn
04/25
19,300
(19,3Q
London Stock Exchange 4.75% Min 2/11/21
Landon Stock Exchange 4.75'%%d Mtn 2/11/21
23,615(
M&G Securities
Ltd Gbl ooating Rats High||||24,946
19,767i
22,873|||||j|3|Nov21|||19,300|||I|(467)|||j||(2,372)j|||22,574
i
. .J
22,779
I|||983.78i|||1,525.20|19,767||
||365
4,000
16,650
IMaitland
Instl Svc Ml Twentyfour
Am Dyn Bd
IJupiter AM(EURope)
UK Dynamic
Equite
'Morgan
Stanley BV543%FTSE Supertracker 25||||23,402
19,271|L||||||||||||||||t||(3,080)|||38,797
20,322
26,610||1,S98.OTt
125.46|||||||
||20,000 IMorgan
Stanley BV5.21%FTSE inc Aces 27||||18,998,||||||||||||||||I||||||||||||1,042.00|18,998||
||(20,000
i
Morgan Stanley BV5.21'/ FTSE Inc Acall 27|||—
—---l—|||||||15|Feb|22'||2O,OOO|||I|1,002||I|||||||||||||||
||250 (Oaktrea (Lux) Fds / Fundrack
Mgmt Co||||23,520
i|||||||||||||||||||(1,125)|I||22,395||1,087.23
i|||||||
||15,000
I aragon Banking Gp 6%Snr Emtn 28/8/24||||IS,SSSt||||||||||||||||||||||16,103|I|||||900.00|||
||43,000
IPrctan Property
Income Ord NPV||||37,045
'|||||||||||||||||||5,396|||||1,451.25|||||||
||20,000
,
'Premier
Oil 6.5% Gtd (31/05/21)||||I8,850)||||||||||19,327||||477||||||||||||||392.00,'|18,850||
|(|(20,000 Canverled
to Harbour Energy|||||||||||||||||||J.||||||||||||||||
||666 I,
Premier
Oil Equity Wt 31/5/22/
Harbour
Energy|||||||||||||||||||||||U)||||||||||||
||15,000
'Cooperatieve
Rabob
4'%%d Snr Min 19/9/22
Scat Marl Inv Tst Ord GBP0.05|||j
u|I5,789|||||||||||||||||||(621)
(3.330)|||15,168
30,780|||104.70|||600.00i|||
||17,301
i
Sequoia Economic
I NPV||||18,028
i|||||||||||||||||||(312)|||2r
17,71+6|||||||||
||20,000
Schroder Unit Tst Gbl Cities Real Estate||||17,156||||||||||||||||||||||20,680|i||||||||
|L|769
ISQN Asset Finance C Shs Npv||||||||||||||||||||||||||83|||||||||
||3,985
'SQN Asset Finance,
Ord Npv|||||||||||||||||||||||351|||351|i||||||||
||12,500 I
Twentyfour
income Ord Red GBP001||||13,594|||||||||||||||||||(250)|||13,344|||SO1.2S||||||
||28,000
I
12,750
'
UK Govt 0.125%I/L Grit 22/03/29
UK Govt 0.125%,I/L Gilt 22/03I29
J|||I
43,604'||||20,177||'|TApr21|||||||||||||3,939|||67,720|I
I|||||66.80|||
||UK Govt 0.125%Idx Lkd 22/03/24
60,343 I
45,000
(45,000
UK Govt 0.125%Idx Lkd 22/11/36
———+-|||||||60,291t|||I
7|Aprgtr
Apr 21|||59887||||(456)||||||||63,213||||||000
50.90',|60,343||
||UK Govt 1.25% Idx-Lkd 22/1 1/27|||44,58|||||||||||||||||||||||||||||0.00I|44,581||
|&22.500)IUK Govt 1.25% Idx-Lkd 22/11/27
15,000
'
UK Govt 2'y
I/L Stk 26/1/35
7,000t
UK Govt 2% I/L Stk 26/1/35
UK Govt 2.25% Gilt 07/09/23
30,00D
j||||43,308
j
'r
31,571||||20,617|j||7|I
pr22|||44,236||I||&345)i|||||2,574
7
(I 188)'.|||66,499
30,383|I|||||754 Ss(
675.00,|||
||30,000
(
UK Govt 4'4 Gtd Snr Gilt 07I03/22||||||||||||||||||||||||||||||||1,200.00'|31,116||
|(30,0
)
Gom 4'/, Gtd Snr Gill 07/03/22
40,000 Vitae Group Pic Ord 20p shares||||+
456,000
i|||||T||7|r
Mar 22
.
I|||30,00Dt||||(1,116)i||||||||486,900,||5,760.00|||||45,600||
||(4,000)(Vrtec Group Pic Ord 20p shares||||||||||8 May 21||||60,825||||15,225||(|||||||||||||||
||||Totals|1,869,671||||328,012|||||||325,143||||15,834||||102640||||1,991,014||30,589.15||||16,010.46|||
##
##
##
||The costs|expended were:|2022|2021|
|---|---|---|---|---|
||Jabu Designs (Web site)||216|216|
||Retirement|gift|25||
||Mr D Marriott||7,534|6,740|
||||7,775|6,956|
|5|Creditors||||
||||2022|2 021|
|Ensors|||1,152|1,086|
||||1,152|1,086|
##
||||||||||Gains
/||
|---|---|---|---|---|---|---|---|---|---|---|
||7|Statement offunds|||B/Fwd|Income||Expend|(losses)|C/Fwd|
|||Endowment
Fund|||2,047,697|||(10,682)|1]8,474|2,155,488|
|||Unrestricted
fund|||22,668|45,755||(43,377)||25,046|
|||Total offunds|||2,070,364|45,755||(54,059)|118,474|2,180,534|
|||Corn
arative Statement||ofFinancial Activities b|||fund||||
|||||||||Unrestricted|Endowment|Total|
|||||||||funds|funds|funds|
|||Income and endowments||from|||||||
|||Dividends
receivable||||||9,845||9,845|
|||Interest receivable|(gross)|||||33,128||33,128|
|||||||||42,973||42,973|
|||Expenditure
on|||||||||
|||Raising funds|||||||9,475|9,475|
|||Charitable
activities||||||39,477||39,477|
|||||||||39,477|9,475|48,952|
|||Net Income (expenditure)||before|||||||
|||gains/(losses)
on investments||||||3,496|(9,475)|(5,979)|
|||Net gains/(losses)|on investment||assets||||357,319|357,319|
|||Net movement
in|funds|||||3,496|347,844|351,340|
##