| Contents | |
|---|---|
| Tmstees'Report | 1to 3 |
| StatementofTrustees'Responsibilities | 4 |
| IndependentExaminer'sReport | 5 |
| StatementofFinancialActivities | 6 |
| BalanceSheet | 7 |
| NotestotheFinancialStatements | 8to11 |
| PrincipalOffice | 24GreencoatPlace,London,SW1P1RD |
|---|---|
| Trustees | CatherineLJHutchinson.Correspondent |
| RonaldJCGraham | |
| AlisonCDDodds | |
| PhoebeJGill | |
| Bankers | HSBC,ThePeak,333VauxhallBridgeRoad,Victoria,SW1V1EJ |
| RoyalBankofScotland,CambridgeBranch,1SpinningfieldsSquare, | |
| Manchester,M3SAP | |
| Solicitors | WSPSolicitorsLLP,3-7RowcroftRoad,Stroud,Gloucestershire,GL53BJ |
| BatesWells&BraithwaiteLondonLLP,10QueenStreetPlaceLondon | |
| EC4R1BE | |
| Investment | EvelynPartners,45GreshamStreet,London,EC2V7BG |
| Managers | |
| Independent | FairwayTaxandAccountingLimited,11CAlmaRoad,Snettisham,King's |
| Examiners | Lynn,Norfolk,PE317NY |
| StatementofFinancialActivities fortheyearended5April2024 |
||||
|---|---|---|---|---|
| Total | Total | |||
| funds | 2024 | 2023 | ||
| £ | £ | £ | ||
| Donationsandlegacies | ||||
| Uncovenantedgifts | 40,995 | 40,995 | 1,500 | |
| Legacies | ||||
| Grosscovenantedgiftsandgift | aid | 25 | ||
| Giftaidunrecoverable | (8,062) | |||
| 40,995 | 40,995 | (6,537) | ||
| Investmentincome | ||||
| Netdividends | 49,379 | 49,379 | 48,444 | |
| UKcompanyinterest | ||||
| Foreignincomegross | 11,697 | 11,697 | 19,435 | |
| Grossbankinterest | 14,141 | 14,141 | 7,639 | |
| Propertyrentalinvestmentincome | 1,772 | 1,772 | 1,564 | |
| Propertytaxunrecoverable | 76,989 | 76,989 | (1,098) 75,984 |
|
| Otherincome | ||||
| Mortgageupliftincome | 22,813 | |||
| Totalincome | 117,984 | 117,984 | 92,260 | |
| Expenditureon: | ||||
| Grantspayable | (63,975) | (63,975) | (121,322) | |
| Governancecosts | ||||
| Postage | (84) | (84) | (14) | |
| Travelandmotor | (71) | (71) | (166) | |
| Legalandprofessional Accountancyfees |
(612) (1,050) |
(612) (1,050) |
(5,891) (780) |
|
| Bankcharges Portfoliocharges |
(198) (11,948) |
(198) (11,948) |
(44) (11,756) |
|
| (13,963) | (13,963) | (18,651) | ||
| Totalexpenditure | (77,938) | (77,938) | (139,973) | |
| Gains/(losses)ondisposaloflistedinvestment | ||||
| assets | 32,603 | 32,603 | (9,740) | |
| Gains/(losses) on listed investment |
assets | |||
| revaluations | 149,303 | 149,303 | (62,474) | |
| Netmovementinfunds | 221,952 | 221,952 | (119,927) | |
| Reconciliationoffunds | ||||
| Totalfundsbroughtforward | 2,711,479 | 2,711,479 | 2,831,406 | |
| Totalfundscarriedforward | 2 | 2,933,431 | 2,933,431 | 2,711,479 |
| 2024 | 2024 | 2023 | 2023 | |
|---|---|---|---|---|
| Unrestricted | Total | Unrestricted | Total | |
| £ | £ | £ | £ | |
| Balanceat6April | 2,711,479 | 2,711,479 | 2,831,406 | 2,831,406 |
| Incomingresources | 117.984 | 117,984 | 92,260 | 92,260 |
| Resourcesexpended | (77,938) | (77,938) | (139,973) | (139,973) |
| Otherrecognisedgains/(losses) | 181,906 | 181,906 | (72,214) | (72,214) |
| Balanceat5April | 2,933,431 | 2,933,431 | 2,711,479 | 2,711,479 |
| Fixedassets | 2,420,933 | 2,420,933 | 2,299,806 | 2,299,806 |
| Currentassets | 512,663 | 512,663 | 411,683 | 411,683 |
| Currentliabilities | (165) 2,933,431 |
(165) 2,933,431 |
(10) 2,711,479 |
(10 2,711,479 |
| 3 | Listedinvestments | 2024 | 2023 | |
|---|---|---|---|---|
| £ | £ | |||
| Listedothershares | 2,034,933 | 1,913,806 | ||
| Listedinvestmentsasat5April2024areasfollows: | ||||
| Details | reholding | Bookcost | Value | |
| £ | £ | |||
| VontobelAssetMgmtSATwentyfour | 1,000 | 103,971 | 97,910 | |
| AshteadGroupOrdGBP0.10 | 600 | 31,365 | 33,840 | |
| AstrazenecaPLCOrdUSD0.25 | 600 | 34,844 | 64,068 | |
| BAESystemsOrdGBP0.025 | 5,500 | 18,214 | 74,223 | |
| BHPBillitonPLCUSD0.50 | 2,500 | 35,630 | 56,875 | |
| BlackrockContinentalEuropean | 35,000 | 68,034 | 67,950 | |
| BPOrdUSD0.25 | 10,000 | 57,329 | 49,570 | |
| CompassGroupPLCOrd | 2,000 | 31,819 | 46,460 | |
| ConvatecGroupPLCOrdGBP0.1 | 20,000 | 49,651 | 57,280 | |
| CranswickOrdGBP0. 10 | 1,800 | 13,612 | 73,728 | |
| CRHPLC | 750 | 26,890 | 51,210 | |
| ExperianPLCOrdUSD0.10 | 1,000 | 32,010 | 34,540 | |
| FidelityGlobalInvestmentFunds | 34,969 | 79,033 | 84,940 | |
| GlaxoSmithKlineOrd.GBP0.25 | 2,400 | 26,253 | 41,006 | |
| GuinnessGlobalEquityIncome Z | 2,500 | 65,079 | 74,813 | |
| HaleonPLCOrdGBP0.01 | 10,000 | 28,914 | 33,310 | |
| HargreavesLansdownPLC | 3,000 | 54,390 | 22,080 | |
| HendersonStrategicBond | 59,865 | 80,397 | 64,355 | |
| HICLInfrastructure | 20,000 | 35,236 | 25,280 | |
| HowdenJoineryGroupPLCOrd | 9,000 | 29,835 | 81,612 | |
| JPMorganGlobalGrowth&Income | 15,000 | 67,459 | 84,000 | |
| LloydsBankingGroupOrdGBP0.1 | 80,000 | 77,374 | 41,408 | |
| LondonStockExchangeGroup | 400 | 32,095 | 37,960 | |
| M&GPLCOrdGBP0.05 | 18,000 | 37,367 | 39,690 | |
| NatWestGroupPLC | 11,142 | 66,790 | 29,582 | |
| RathboneEthicalBond | 79,858 | 81,512 | 69,373 | |
| ReckittBenckiserGroupPLC | 500 | 33,669 | 22,560 | |
| RoyalDutchShell"B"SharesOrd | 4,100 | 68,592 | 107,625 | |
| ScottishAmericanInvestmentCo | 10,000 | 51,928 | 50,400 | |
| SequoiaEconomicInfrastructure | 35,000 | 35,202 | 28,385 | |
| Smith(DS)PLC | 8,000 | 40,386 | 31,736 | |
| SSEPLC | 2,000 | 33,747 | 33,000 | |
| SupermarketIncomeReitPLC | 30,000 | 32,440 | 23,280 | |
| TBEvenlodeGlobalIncome | 50,085 | 74,379 | 76,435 | |
| TescoOrdGBP0.05 | 9,474 | 49,685 | 28,097 | |
| TritaxEuroboxPLC | 30,000 | 35,694 | 16,290 | |
| LinkFundSolLtdCapitaTrojan | 45,000 | 46,683 | 57,762 | |
| UnileverPLCOrdGBP0.03111 | 2,000 | 21,339 | 79,510 | |
| WeirGroupOrdGBPO.125 | 2,000 | 40,930 | 40,440 | |
| AllianzRCMUKEquityIncomeFund | 2,156.45 | 2,677 | 2,350 | |
| 1,832,454 | 2,034,933 | |||
| HeldwithEvelynPartners | 1,829,777 | 2,032,583 | ||
| HeldDirectly-AllianzRCMUKEquityIncomeFund | 2,677 | 2,350 | ||
| 1,832,454 | 2,034,933 |