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2024-03-31-accounts

THE WILLIAM & ELLEN VINTEN TRUST Trustees re ortforthe ear ended 31 March 2024 Observe the methods and principles in the applicable Charities SORP,. Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material dèpartures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basi5 unless it is inappropriate to presume that the charlty will continue in busine￿. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the flnancial statements comply wlth the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations. and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charlty and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustee5 are responsible for the maintenance and integrity of the charity and financial information Included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees on . and signed on their behalf by: S Kenchington Chairman of the Trustees

THE WILLIAM & ELLEN VINTEN TRUST

FINANCIAL REPORT FOR MONTH ENDING

31 Aug 24

Total Bank Balance at 31st Mar 2024
Payments
Various
H Symonds
Various
Student bursaries
Various
Student grants
3 Jul 24
Jabu
8 May 24
Greene & Greene
19 Jun 24
Abbeygate Sixth Form
26 Jun 24
Transfer to CCLA
Receipts
1 Mar 24
COIF Interest
2 Feb 24
COIF Interest
4 Mar 24
COIF Interest
16 Jun 24
COIF Investment
4 Jun 24
COIF Interest
2 May 24
COIF Interest
3 Apr 24
COIF Interest
3 Jul 24
Investec
9 Apr 24
Investec		 £
3,582.75
8,500.00
1,200.00
216.00
664.80
1,486.18
35,000.00
Total Payments
145.86
146.03
136.58
35,000.00
146.74
141.34
146.10
11,555.21
10,117.98

Total Cash Balance at 31/08/2024

Represented by:

Natwest - Balance @ 31 Aug 24 COIF - Balance @ 30 Jun 24 Less outstanding payments

Variance 0.00

£ £105,581.37

(50,649.73) 54,931.64

57,535.84

£112,467.48

43,282.42 69,185.06

0.00 £112,467.48

FINANCIAL REPORT FOR MONTH ENDING YEA

31 Mar 24

Total Bank Balance at 1st April 2023 Total COIF Balance at 1st April 2023 Total Cash Balance at 1st April 2023 Payments

Payments
Various Student bursaries
Various Student grants
Various H Symonds
20 Mar 24 1 St Benedicts
20 Mar 24 2 H Symonds - Etsy WSC Plaque
1 Mar 24 3 TCC Primary STEM
2 Feb 24 4 TCC
2 Feb 24 5 KEGS F1
23 Aug 23 6 Jabu
7 Nov 23 7 Ensors
7 Nov 23 8 Greene & Greene
24 Nov 23 9 Abbeygate - Eng Soc
24 Nov 23 10 F1 KEGS
2 Aug 23 11 Greene & Greene
7 Jul 23 12 Sybil Andrews
6 Jul 23 13 Greene & Greene
6 Jul 23 14 Jabu
19 May 23 15 WSC
17 May 23 16 Culford
24 Apr 23 17 Smallpiece
Total debits
Receipts
1 Mar 24 COIF Interest
1 Feb 24 COIF Interest
1 Jan 24 COIF Interest
4 Jan 24 Investec
1 Dec 23 COIF Interest
1 Nov 23 COIF Interest
1 Oct 23 COIF Interest
4 Oct 23 Investec
1 Sep 23 COIF Interest
1 Aug 23 COIF Interest
3 Jul 23 COIF Interest
5 Jul 23 Investec
1 Jun 23 COIF Interest
2 May 23 COIF Interest
1 Apr 23 COIF Interest
2 May 23 Will Baines returned bursary
5 Apr 23 Investec

Total credits

Total Cash Balance at

31 Mar 24

Represented by:

Natwest - Balance @ 31 Mar 24 COIF - Balance @ 31 Mar 24

Less outstanding payments

0.00

Variance

AR END

£

£ 67,021.54 32,186.16 99,207.70

24,300.00 3,450.00 7,947.20 435.72 32.1 2000 500.00 180.00 456.00 1,224.00 1,020.00 500.00 345.50 840.00 2,456.00 414.00 216.00 10,000.00 7,428.30 155.00 (63,899.82)

22,754.02 140.97 144.85 138.32 13,398.39 138.68 129.94 117.12 21,516.14 115.42 106.61 104.34 1,500.00 9,968.69 70,273.49

H Symonds G&G
716.55 840
716.55 414
651.41 1020
651.41 456
651.41 216
651.41
651.41
651.41
651.41
651.41
651.41
651.41

105,581.37

72,258.96 33,322.41 Total 105,581.37

THE WILLIAM & ELLEN VINTEN TRUST

FINANCIAL REPORT FOR MONTH ENDING

31/3/2024

Total Bank Balance at 1 Jan 24
Payments
Various
H Symonds
Various
Various
Student bursaries
(500x17)
Various
Student grants
(150x9)
20 Mar 24
St Benedicts
20 Mar 24
H Symonds - Etsy
1 Mar 24
TCC Primary STEM
2 Feb 24
TCC
2 Feb 24
KEGS F1
Receipts
5 Oct 23
COIF Interest
6 Nov 23
COIF Interest
4 Dec 23
COIF Interest
4 Jan 24
Investec
Total Cash Balance at
31 Mar 24
Represented by:
Natwest - Balance @
31 Mar 24
COIF - Balance @
31 Dec 23
Less outstanding payments		 £
2,084.51
8,500.00
1,350.00
435.72
32.1
2000
500.00
180.00
Total Payments
138.32
144.85
140.97
22,754.02

Variance 0.00

£ £97,485.54

15,082.33 82,403.21 23,178.16 £105,581.37 72,258.96 33,322.41 0.00 £105,581.37

THE WILLIAM & ELLEN VINTEN TRUST

FINANCIAL REPORT FOR MONTH ENDING

1 Jan 24

1 Jan 24
Total Bank Balance at 31 Aug 23
Payments
Various
H Symonds
Various
Student bursaries
(500x17)
Various
Student grants
(150x7)
1 Sep 23
Jabu
7 Nov 23
Ensors
7 Nov 23
Greene & Greene
24 Nov 23
Abbeygate - Eng Soc
24 Nov 23
F1 KEGS
Receipts
3 Jul 23
COIF Interest
1 Aug 23
COIF Interest
1 Sep 23
COIF Interest
4 Oct 23
Investec
Total Cash Balance at
1 Jan 24
Represented by:
Natwest - Balance @
1 Jan 24
COIF - Balance @
30 Sep 23
Less outstanding payments		 £
3,257.05
8,500.00
1,050.00
456.00
1,224.00
1,020.00
500.00
345.50
Total Payments
117.12
129.94
138.68
13,398.39		 £
£100,053.96
(16,352.55)
83,701.41
13,784.13
£97,485.54
64,587.27
32,898.27
0.00
£97,485.54

Variance 0.00

THE WILLIAM & ELLEN VINTEN TRUST

FINANCIAL REPORT FOR MONTH ENDING

31 Aug 23

31 Aug 23
Total Bank Balance at 31st Mar 2023
Payments
Various
H Symonds
Various
Student bursaries
(500x14 + 2x150)
Various
Student grants
(150x7)
17 Apr 23
Smallpeice Engineering Exp (Culford)
23 Aug 23
Jabu
6 Jul 23
Greene & Greene
24 Apr 23
Smallpeice Course Grant
19 May 23
West Suffolk College
7 Jul 23
Unity Schools (Sybil Labs)
Receipts
3 Jan 23
COIF Interest
1 Feb 23
COIF Interest
1 Mar 23
COIF Interest
2 May 23
COIF Interest
1 Jun 23
COIF Interest
3 Jul 22
COIF Interest
5 Apr 23
Investec
5 Jul 23
Investec
2 May 23
Will Baines returned bursary
Total Cash Balance at
31 Aug 23
Represented by:
Natwest - Balance @
31 Aug 23
COIF - Balance @
30 Jun 23
Less outstanding payments
Variance
0.00		 £
2,605.64
7,300.00
1,050.00
7,428.30
216.00
1,254.00
155.00
10,000.00
2,456.00
Total Payments
81.72
89.74
91.33
104.34
106.61
115.42
9,968.69
21,516.14
1,500.00		 £
98,944.91
(32,464.94)
66,479.97
33,573.99
£100,053.96
67,541.43
32,512.53
0.00
£100,053.96

THE WILLIAM & ELLEN VINTEN TRUST

FINANCIAL REPORT FOR MONTH ENDING

31 Mar 23

31 Mar 23
Total Bank Balance at 1st Jan 2023
Payments
Various
H Symonds
Various
Student bursaries
(500x14 + 2x150)
Various
Student grants
(150x7)
3 Feb 23
Smallpeice Engineering Exp
13 Feb 23
Conference speaker
Receipts
3 Oct 22
COIF Interest
1 Nov 22
COIF Interest
1 Dec 22
COIF Interest
5 Jan 23
Investec
Total Cash Balance at
31 Mar 23
Represented by:
Natwest - Balance @
31 Mar 23
COIF - Balance @
31 Dec 22
Less outstanding payments
Variance
0.00		 £
1,954.23
7,300.00
1,050.00
9,222.75
81.98
44.49
53.97
67.89
20,769.41		 £
97,618.11
(19,608.96)
78,009.15
20,935.76
£98,944.91
67,021.54
31,923.37
0.00
£98,944.91

THE WILLIAM & ELLEN VINTEN TRUST

FINANCIAL REPORT FOR MONTH ENDING

31 Dec 22

31 Dec 22
Total Bank Balance at 1st September 2022
Payments
Various
D Marriott
Various
H Symonds
Various
Student grants
4 Oct 22
Audit Fees
12 Oct 22
Engineering Experience
14 Nov 22
D Langley
Receipts
1 Jul 22
COIF Interest
1 Aug 22
COIF Interest
1 Sep 22
COIF Interest
5 Oct 22
Investec
Total Cash Balance at
31 Dec 22
Represented by:
Natwest - Balance @
31 Dec 22
COIF - Balance @
30 Sep 22
Less outstanding payments
Variance
0.00		 £
977.12
2,280.04
8,550.00
1,140.00
365.00
100.83
23.16
26.11
36.76
11,248.96		 £
99,696.11
(13,412.99)
86,283.12
11,334.99
£97,618.11
65,861.09
31,757.02
0.00
£97,618.11

THE WILLIAM & ELLEN VINTEN TRUST

(Registered Charity No. 285758)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

THE WILLIAM & ELLEN VINTEN TRUST

Contents

Page
Trustees Report 1
Independent Examiners Report 4
Statement of financial activity 5
Balance sheet 6
Notes to the accounts 7

THE WILLIAM & ELLEN VINTEN TRUST Trustees report for the year ended 31 March 2024

The Trustees present their annual report and financial statements of the Charity for the year ended 31[st] March 2024. 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 for Smaller Entities.

Objectives and activities

The principal activity of the trust during the year was continuing to pursue initiatives to increase the interest of school and college students in the Bury St Edmunds area in science and technology subjects with a view to increasing the numbers who might consider careers related to engineering and improving their attainment, as well as supporting, through bursaries, students studying engineering at university.

Achievements and Performance

The Trust has continued to provide support to 17 students studying Engineering courses at various Universities via the Vinten Bursary scheme and 8 students via the Vinten Grant scheme.

The Trust has supported local Schools with various STEM activities, from F1 competitions, Science clubs, new equipment and laboratory refurbishment.

The integrity of the charity is protected by having independent investment advisors and independent inspectors, both of whom report formally to the board. The Trustees have regular meetings with, and reports from, the independent advisor, which manages most of the Trust’s investments on a low‐risk discretionary management basis.

Investment policy and performance

The overall financial position remains good. The income of the William & Ellen Vinten Trust is disbursed in an appropriate manner.

The charity has invested funds to generate income and maintain real capital values. Performance of investments are monitored by trustees. 9.85% of the total investments are held in Videndum shares and the remaining held in a varied portfolio. Both are managed by Investec Wealth and Investment.

Reserves Policy

The Trustees have established a Reserves Policy with reference to Charity Commission guidance (CC19) and accounting standards, with the aim of spending any income from investments in anyone year. Cashflow is carefully monitored to match income receipts with operating expenditure. Subject to this, they do not feel that reserves are necessary. Whilst the Trustees do not intend to build up reserves for unspecified purposes, if the applications received do not warrant grants equal to the income any unspent income will be carried forward to the next period. The balance on the unrestricted fund was £44,623. At the year end, the Trust also held reserves of £1,569,485 in the endowment fund. The trustees have over a period of years established and accumulated funds to provide additional income from which unanticipated expenditure can be met. Against this background the trustees are satisfied that the current level of reserves held is fully justified. The

1

THE WILLIAM & ELLEN VINTEN TRUST Trustees report for the year ended 31 March 2024

trustees plan to review this policy in accordance with the Charity Commission’s guidelines on a regular basis, at least once a year.

Financial Review

The William and Ellen Vinten Trust is primarily funded by income from these investments. Investment income amounted to £69,071 for the year. Grants for both education and training amounted to £50,251 with total expenditure amounting to £75,584. The overall result was a deficit for the year of £(6,513). The investment portfolio showed a net movement in valuation of £(223,448).

Structure, governance and management

The Trust is constituted under a deed of trust dated 31st August 1982 between Mrs Jean Crosher and “The First Trustees” and was last amended in 2023. It is a registered charity with the Charity Commission, the registered number is 285758.

The trust deed governing the William and Ellen Vinten Trust prescribed individuals and groups that nominate trustees on a rotating basis. A trustee’s term is for three years. A member of the family of the founder of the charity is also nominated by the outgoing family member. This trustee’s term of office is for his, or her, own determination.

Steve Kenchington replaced David Youngman as Chairperson, who has now retired from the Trust. Luke Vinten was appointed as Trustee on 22 Sept 23.

Trustees Appointed by Date of Retirement
A Crosher Trust Deed ‐
J Guest The Chairman of Greene King 29 Sep 26
S Kenchington Co‐opted by the Trustees (Acting Chair) 28 Apr 25
K Honeyman Co‐opted by the Trustees 20 May 23
D Langley Co‐opted by the Trustees 29 Sep 26
E Devlin Co‐opted by the Trustees 29 Sep 26
J Mills Co‐opted by the Trustees 23 Sep 25
L Vinten Co‐opted by the Trustees 22 Sep 26

The principal address of the trust is 31 Saxham Street, Stowupland, Stowmarket, Suffolk, IP14 5DA

Trustees responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements the trustees are required to:

2

THE WILLIAM & ELLEN VINTEN TRUST Trustees report for the year ended 31 March 2024

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees on ………………………… and signed on their behalf by:

S Kenchington

Chairman of the Trustees

3

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE WILLIAM & ELLEN VINTEN TRUST

I report to the trustees on my examination of the accounts of the William and Ellen Vinten Trust (the Trust) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust’s accounts carried out under section 145 of the 2011 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 by section 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.

H Rumsey FCA, Ensors Accountants LLP Connexions 159 Princes Street Ipswich IP1 1QJ

…………….…..

Page 4

THE WILLIAM & ELLEN VINTEN TRUST

Statement of financial activities for they year to 31 March 2024

Notes
Income & Endowments from
Investment Income
1b
Dividends receivable
Interest receivable(gross)
Quoted Investments
COIF
Investec Client Account
Total incoming resources
Expenditure on
1c
Raising funds
Portfolio management fees
Charitable Projects and Grants
Education
Legal fees
Secretarial costs and disbursements
Independent examiners fee
Total resources expended
Net income/(expenditure)before
gains/(losses) on investments
Net gains/(losses) on investment assets
Net movements in funds
Total Funds brought forward
Total Funds carried forward		 Unrestricted
funds
£
26,138
40,077
1,565
1,291
69,071
‐
50,251
2,274
8,651
1,288
62,464		 Unrestricted
funds
£
26,138
40,077
1,565
1,291
69,071
‐
50,251
2,274
8,651
1,288
62,464		 Endowment
funds
£
‐
‐
‐
‐
‐
13,120
‐
‐
‐
‐
‐		 Endowment
funds
£
‐
‐
‐
‐
‐
13,120
‐
‐
‐
‐
‐		 Total
2023/24
£
26,138
40,077
1,565
1,291
69,071
13,120
50,251
2,274
8,651
1,288
62,464		 Total
2022/23
£
30,564
26,729
561
567
58,421
14,181
35,501
‐
8,741
1,208
45,450
62,464 13,120 75,584 59,632
6,607
‐
6,607
38,016
44,623		 (13,120)
(223,448)
(236,567)
1,806,052
1,569,485		 (6,513)
(223,448)
(229,960)
1,844,068
1,614,108		 (1,211)
(335,255)
(336,466)
2,180,534
1,844,068

Page 5

THE WILLIAM & ELLEN VINTEN TRUST

Balance sheet as at 31 March 2024

Notes
Fixed assets
Investments
1a & 2
Current assets
Debtor ‐ Interest receivable
Cash at bank and in hand
Total current assets
Creditors
6
Net current assets
Net assets
The funds of the charity
Endowment funds
Unrestricted income funds
Total funds		 Unrestricted
funds
£
‐
2,271
43,636
45,907
1,284
44,623
44,623
‐
44,623
44,623		 Endowment
funds
£
1,480,553
‐
88,932
88,932
‐
88,932
1,569,485
1,569,485
‐
1,569,485		 Total
2024
£
1,480,553
2,271
132,568
134,839
1,284
133,555
1,614,108
1,569,485
44,623
1,614,108		 Total
2023
£
1,661,090
2,559
181,639
184,198
1,220
182,978
1,844,068
1,806,052
38,016
1,844,068

Notes 1 to 6 form an integral part of this statement

Approved by the trustees on…………………………………………….

and signed on their behalf

) ) ) ) ) Trustees ) ) ) )

Page 6

THE WILLIAM & ELLEN VINTEN TRUST

NOTES TO THE ACCOUNTS Year ended 31 March 2024

1. Accounting Policies

(a) Basis of preparation

The accounts are prepared in accordance with the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards, with the requirements of the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 SORP), issued on 16 July 2014 and updated 2 February 2016 and the Charities Act 2011 and UK Generally Accepted Accounting Practice, as it applies from 1 January 2015.

The accounts have been presented in sterling which is the functional currency of the charity.

The charity has prepared its financial statements to give a ‘true and fair’ view and in doing so has departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to give a ‘true and fair’ view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), issued on 16 July 2014 and updated 2 February 2016, rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005, which has since been withdrawn.

The trust constitutes a public benefit entity as defined by FRS 102.

(b) Going Concern

At the time of approving the accounts the trustees have 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 preparation of the accounts.

(c) Fund structure & Objects

The endowment fund was created by a gift from the Vinten family. The income of this fund is unrestricted which the trustees are free to use for any purpose in furtherance of the charitable objects. The terms of the endowment allow the capital of the fund to be spent if the trustees so determine.

(d) Income recognition

All incoming resources are recognised in the financial statements as soon as all conditions for receipt have been met, namely: entitlement, probability of receipt, and measurement of amount.

Page 7

THE WILLIAM & ELLEN VINTEN TRUST

NOTES TO THE ACCOUNTS Year ended 31 March 2024

1. Accounting Policies (Cont’d)

(e) Expenditure recognition

Charitable grants and other expenditure are recognised in the financial statements as soon as there is a legal or constructive obligation committing the charity to the expenditure.

Support costs enable grant‐making activities to be undertaken, and are allocated to the relevant expense category (investment management expenses or charitable activities) either directly or apportioned on an appropriate basis. Trustees pay an honorarium to the Clerk to carry out the agreed duties of the Clerk.

(f) Investments

Investments are shown at market value. Changes in value during the year, whether realised or unrealised, are included in the Statement of Financial Activities.

There has been no change to the valuation rules and methods of accounting since last year.

(g) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at the settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

(h) Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no critical accounting estimates.

Page 8

THE WILLIAM & ELLEN VINTEN TRUST

Notes to the Accounts

**2 ** Investments
Endowment Fund
Original endowment 361,400 The Vitec Group Plc shares,
value at date of transfer to the trust (292p)
Overall increase in value to 31 March (realised and unrealised)
Less sales undertaken in previous years
Add purchases undertaken in previous years
Less sale of shares
Profit/(loss) on sale of shares
Investments purchased (adjusted for accrued interest)
Change in value at 31 March
Investment value at 31 March 2024
A detailed investment schedule is on page 10		 2024
1,055,288
733,892
(3,912,515)
3,784,425
1,661,090
(176,741)
(3,657)
1,480,692
219,651
(219,791)
1,480,553		 2023
1,055,288
1,055,282
(3,773,161)
3,653,605
1,991,014
(125,490)
(13,865)
1,851,660
130,820
(321,390)
1,661,090

All of the shares are held in Investecs nominee name.

The Mid‐Market Value at 31 March 2024 is as provided by Investec

Page 9

The William & Ellen Vinten Trust

Schedule of Investments held

Nominal Holding Mid Market
Value
Additions
1 Apr 23		 Mid Market
Value
Additions
1 Apr 23		 Date
Proceeds
Reali		 Date
Proceeds
Reali		 Unrealised
Mid Market
movement
Value
Gain/(Loss)
in value
31 Mar 24
Dividends
Interest
sations
Income		 Unrealised
Mid Market
movement
Value
Gain/(Loss)
in value
31 Mar 24
Dividends
Interest
sations
Income		 Unrealised
Mid Market
movement
Value
Gain/(Loss)
in value
31 Mar 24
Dividends
Interest
sations
Income		 Unrealised
Mid Market
movement
Value
Gain/(Loss)
in value
31 Mar 24
Dividends
Interest
sations
Income		 Unrealised
Mid Market
movement
Value
Gain/(Loss)
in value
31 Mar 24
Dividends
Interest
sations
Income
40,000 Aberdeen Stan Eurp Log Ord GBP0.01 27,280 (2,920) 24,360 1,952.00
45,000 Allianz Glb invest strategic bond I Inc 44,253 27 Apr 23 44,685 432 ‐
35,000 AXA Investment Man US Sht Dur High Yield Bd 28,623 767 29,390 1,396.00
6,466 BH Macro 27,109 (5,561) 21,548
27,000 BMO Fund Mgmt 47,952 2,052 50,004
100 CG Portfolio Fd Real Return A GBP Sett 20,033 (1,146) 18,887 445.00
20,000 Canadian Imp Bank Idx/Lkd Snr 23/10/25 24,354 24 Oct 23 20,000 (4,354)
25,000 Citigroup Glb Mkts 5.57%FTSE 25,615 11 Jul 23 25,000 (615)
39,334 Enquest Plc 7% Snr Emtn 15/2/23 38,973 17 Oct 23 39,334 361
35,000 Fundrock Ptnrs Ltd Fp Wheb Sust 69,671 109 4,316 73,878 548.00
47,287 Greencoat UK Wind Ord GBP 0.01 74,075 (8,346) 65,729 4,729.00
20,647 HICL Infrastructure Ord 31,900 (5,843) 26,057 1,703.00
40,000 Hipgnosis Songs Fu Ord Npv 32,460 (4,880) 27,580
40,000 HSBC Holdings PLC 5.75% 20/12/27 41,019 (161) 40,858 2,100.00
45,000 Impax Funds (Ire) Environmental Mkts 72,405 2,250 74,655 238.00
27,922 INT Public Partner Ord 40,504 (5,766) 34,738 2,276.00
10,000 International Pers 7.75% Gtd Snr 14/12/23 GBP 10,013 93 10,106 1,200.00
12,500 Ishares Ii Plc 62,191 8 (1,630) 60,569 1,476.00
40,000 J P Morgan Am UK Ltd 25,496 1,244 26,740 964.00
59,991 Jupiter UT Mngrs, Strategic Bond Z Inc 32,833 (141) 32,692 1,734.00
19,287 Jupiter UT Mngrs, UK Special Situations I 21,626 698 22,324 746.00
50,000 Legal & General UT L&G High Inc Trust (I) Dis 18,455 650 19,105 1,312.00
14,625 Link Fund Manager Trojan Ireland 0 GBP Dis 18,403 551 18,954 50.00
20,000 Lloyds Bank Plc 7.625 Mtn 04/25 20,575 (216) 20,359 1,525.00
23,615 M&G Securities Ltd Gbl floating Rate High 22,063 755 22,818 1,893.00
365 Maitland Instl Svc MI Twentyfour Am Dyn Bd 33,354 2,158 35,512 2,047.00
4,000 Jupiter AM(Europe) UK Dynamic Equite 17,046 21 Jul 23 17,328 282 ‐
16,650 Morgan Stanley BV 543% FTSE Supertracker 25 27,895 2,856 30,751
250 Oaktree (Lux) Fds / Fundrock Mgmt Co 20,058 1,257 21,315 1,347.00
15,000 Paragon Banking Gp 6% Snr Emtn 28/8/24 14,970 37 15,007 900.00
43,000 Picton Property Income Ord NPV 29,778 (1,763) 28,015 1,505.00
3,000 Scot Mort Inv Tst Ord GBP0.05 20,373 6,438 26,811 123.00
17,301 Sequoia Economic I NPV 13,893 112 14,005 1,189.00
20,000 Schroder Unit Tst Gbl Cities Real Estate 16,036 1,140 17,176 308.00
769 SLF Realisation C Shs Npv 66 46 6 26
3,985 SLF Realisation Ord Npv 252 239 64 77
50,000 Tesco 6% 14/12/29 50,313 1,624 51,937 3,000.00
12,500 Twentyfour Income Ord Red GBP 0.01 12,625 450 13,075 1,308.00
40,750 UK Govt 0.125% I/L Gilt 22/03/29 63,331 1,574 64,905 81.00
35,700 UK Govt 0.125% Idx Lkd 22/11/36 50,323 (794) 49,529 65.00
22,000 UK Govt 2% I/L Stk 26/1/35 55,828 (828) 55,000 440.00
30,000 UK Govt 2.25% Gilt 07/09/23 29,763 7 Sep 23 30,000 237
50,000 UK Govt 2.75% Gilt 07/09/24 49,184 380 49,564 1,375.00
50,000 UK Govt 4.25% 7/12/27 49,940 649 50,589 2,125.00
40,000 UK Govt 5.00% 7/3/25 40,633 (530) 40,103 2,000.00
50,000 UK Govt 4.125% 29/1/27 49,604 419 50,023 2,063.00
50,400 Videndum PLC 319,140 38,448 (211,806) 145,782
Totals
1,661,090
219,651		 176,741 (3,657)
(219,791)
1,480,553
27,813.00
18,350.00

Page 10

THE WILLIAM & ELLEN VINTEN TRUST

Notes to the Accounts

3 Grants

At 31 March 2024, the Trustees had undertaken to provide grants to be paid after that date of £46,050 during the financial year 2023/24.

Grants to individuals totalled £26,250 (2023, £19,250) and to institutions £24,001 (2023, £26,956)

4 Secretarial costs and disbursements

The costs expended were:
Jabu Designs (Web site)
WSC QR sign
Portable Speaker
Mrs H Symonds
Mr D Marriott		 2024
£
672
32
7,947
8,651		 2023
£
216
‐
82
4,235
4,209
8,742

5 Creditors

Ensors 2024
£
1,284		 2023
£
1,220

6 Trustees Expenses

No trustees expenses were paid during the year (2023 Nil)

7 Statement of funds

Endowment Fund
Unrestricted fund
Total of funds		 Gains /
B/Fwd
Income
Expend
(losses)
C/Fwd
1,806,052
‐
(13,120)
(223,448)
1,569,485
38,016
69,071
(62,464)
‐
44,623
1,844,068
69,071
(75,584)
(223,448)
1,614,107

8 Comparative Statement of Financial Activities by fund

Income and endowments from
Dividends receivable
Interest receivable (gross)
Expenditure on
Raising funds
Charitable activities
Net Income (expenditure) before
gains/(losses) on investments
Net gains/(losses) on investment assets
Net movement in funds		 Unrestricted Unrestricted Unrestricted Endowment
funds
£
‐
‐
‐
14,181
‐
14,181
(14,181)
(335,255)
(349,436)		 Total
funds
30,564
27,857
funds
£
30,564
27,857
58,421
‐
45,450
45,450
12,970
‐
12,970
58,421
14,181
45,450
59,632
(1,211)
(335,255)
(336,466)

Page 11