| Gontents | |
|---|---|
| Trustees'Report | 1to3 |
| Statement ofTrustees'Responsibilities | 4 |
| lndependentExamine/sReport | 5 |
| StatementofFinanciat Activities | 6 |
| Balance Sheet | 7 |
| Notes totheFinancial Statements | 8to11 |
| capital for the purpose | of making appropriate grants. |
|---|---|
| PrincipalOffice | 53A Boundstone Road, Rowledge, Farnham, Surrey, GU10 4AT |
| Trustees | Catherine LJHutchinson.Correspondent |
| RonaldJCGraham(resigned19.01.2026) | |
| Alison CD Dodds | |
| PhoebeJGill | |
| Bankerc | HSBC,ThePeak, 333VauxhallBridge Road,Mctoria,SWIV1EJ |
| RoyalBankofScotland, CambridgeBranch,1SpinningfieldsSquare, | |
| Manchester, M3 3AP (Accounts permanently closed on 12thJune2024) | |
| Solicitors | WSPSolicitors LLP, 3-7 Rowcroft Road, Stroud, Gloucestershire,GLS 3BJ |
| BatesWells& Braithwaite London LLP,10Queen Street Place London | |
| EC4R1BE | |
| lnvestment | Evelyn Partners, 45 Gresham Street, London, EC?V7BG |
| Managerc | |
| lndependent | FairwayTaxandAccountingLimited,11CAlmaRoad, Snettisham, King's |
| Examiners | Lynn, Norfolk, PE317NY |
| forthe year ended5Apr | il2025 | |||
|---|---|---|---|---|
| Unrestricted | Tota! | Total | ||
| funds C |
2025t | 2024 f, |
||
| Incomeand Endowments from: | ||||
| Donations and legacies | ||||
| Uncovenanted gifts | 40,995 | |||
| Legacies | 42,354 | 42,354 | ||
| 42,354 | 42,354 | 40,99s | ||
| lnvestmentincome | ||||
| Net dividends | 47,242 | 47,242 | 49,379 | |
| Foreign income | gross | 18,193 | 18,193 | 11,697 |
| Gross bank interest | 11,217 | 11,217 | 14,141 | |
| Gilt interest | 13,450 | 13,450 | ||
| Property rental | investment income | 1,827 | 1,827 | 1,772 |
| 91,929 | 91,929 | 76,989 | ||
| Totalincome | 134,283 | 134,283 | 117,984 | |
| Expenditurc on: | ||||
| Charitable activities | ||||
| Grants payable | (28,888) | (28,888) | (63,975) |
|
| Govemance costs | ||||
| Postage | (35) | (35) | (84) | |
| Travel and motor | (184) | (184) | (71) | |
| Legal and professiona! | (15,853) | (15,853) | (612) | |
| Accountancy fees | (1,110) | (1,110) | (1,050) | |
| Bank charges | (22s) | (22s) | (1e8) | |
| Portfolio charges | (14,743) (32,154) |
(14,743) (32,154) |
{]1,948) (13,963) |
|
| Total expenditure | (61,042) | (61,042) | (77,938) |
|
| Gains/(losses) ondisposal |
oflistedinvestment | |||
| assets | 13,082 | '13,082 | 32,603 | |
| Gains/(losses) onlisted |
investmentassets | |||
| revaluations | 43,461 | 43,461 | 149,303 | |
| Net movementinfunds | 129784 | 129,784 | 221,952 | |
| Reconciliationoffunds | ||||
| Totalfundsbrought forward | 2,933,431 | 2,933,431 | 2,711,479 | |
| Tota!fundscarriedfonrard | 2 | 3,063,215 | 3,063,215 | 1 |
| Balance Sheet as at5April2025 |
Balance Sheet as at5April2025 |
||||
|---|---|---|---|---|---|
| Notes | 2025 t |
€ 2024 |
|||
| Fixedassets | |||||
| Listed investments | 3 | 2,445,514 | 2,034,933 | ||
| Loans | |||||
| Ordinary loans | 131,784 | 101,000 | |||
| Mortgage loans | 381,000 | 285,000 | |||
| 512,784 | 386,000 | ||||
| 2,958,298 | 2,420,933 | ||||
| Gurrentassets | |||||
| Othercunentassets | |||||
| Covenant and gift aidtaxdue | 65 | 65 | |||
| Property tax due | 1,581 | 1,216 | |||
| CashwithEvelyn Partners | 69,878 | 93,529 | |||
| 71,524 | 94,810 | ||||
| Cashatbankandin hand | |||||
| Current account | 28,283 | 19,300 | |||
| Depositaccount | 5,346 | 398,323 | |||
| Cashin hand | 230 | ||||
| 33,629 | 417,853 | ||||
| 105,153 | 512,663 | ||||
| Grcditors: amounts fallingdue | |||||
| wlthlnoneyear | (236) | (165) | |||
| Netcurrent assets | 104,917 | 512,498 | |||
| Total assets lesscurrcntllabilities | 3,063,215 | 2,933,431 | |||
| Netassets | 3,063,215 | 2,933,431 | |||
| Funds ofthe charity: | |||||
| Unrestricted funds | 2 | 3,063,215 | 2,933,431 | ||
| Tota!funds | 3"063215 | 2,933,431 |
| 2 | Funds | 2025 | 2025 | 2024 | 2024 |
|---|---|---|---|---|---|
| Unrcstrictedt | Total E |
Unrestrictedf | Total € |
||
| Balance at6April | 2,933,431 | 2,933,431 2,711,479 | 2,711,479 | ||
| lncoming resources | 134,283 | 1U,283 | 117,9U | 117,9U | |
| Resources expended | (61,042) | (6',t,0421 | (77,938) | (77,938) | |
| Other recognisedgains(losses) | 56,543 | 56,543 | 181,906 | 181,906 | |
| Balance at5April | 3,063,215 | 3,063,215 2,933,431 | 2,933,431 | ||
| 2025 | 2025 | 2024 | 2024 | ||
| Unrestrictedt | Tota! € |
Unrestricted f |
Tota! s |
||
| Fixed assets | 2,958,298 | 2,958,298 | 2,420,933 | 2,420,933 | |
| Current assets | 105,153 | 105,153 | s12,663 | 512,663 | |
| Current liabilities | (236) 3,063,215 |
(236) (165) 3,063,215 2,933,431 |
(165) 2,933,431 |
| 3 | Listed investments | 2025 | 2024 | |
|---|---|---|---|---|
| t | € | |||
| Listed other shares | 2,45,514 | 2,034,933 | ||
| Listed investments as at5April2025areas follows: | ||||
| Details | Shareholding | Bookcost | Vatue | |
| € | € | |||
| VontobelAssetMgmt SA Twentyfour | 1,000 | 103,971 | 99,130 | |
| uKGitt 3.25% | 60,000 | 57,8il | 55,092 | |
| uKGitt 3.75% | 190,000 | 189,081 | 188,42 | |
| Ashtead Group Ord GBP0.10 | 600 | 3't,365 | 24,876 | |
| AstrazenecaPLC Ord USD0.25 | 600 | 34,U4 | 67,524 | |
| BAE Systems Ord GBP0.025 | 5,500 | 18,214 | 85,772 | |
| BHP Billiton PLC USD0.50 | 2,500 | 35,630 | 46,213 | |
| Blackrock Continental European | 35,000 | 68,034 | 69,327 | |
| BPOrdUSD 0.25 | 10,000 | 57,329 | 43,610 | |
| Compass GroupPLCOrd | 2,000 | 31,819 | 51,060 | |
| Convatec Group PLC OrdGBPO.1 | 20,000 | 49,651 | 51,40 | |
| Cranswick Ord GBP0.10 | 1,200 | 9,075 | s8,860 | |
| CRH PLC | 750 | 26,890 | 50,32s | |
| Experian PLC Ord USD0.10 | 1,000 | 32,010 | 35,680 | |
| Fidelity Global lnvestment Funds | 34,969 | 79,033 | 92,108 | |
| GlaxoSmlthKline Ord. GBP0.25 | 2,400 | 26,253 | 35,088 | |
| Guinness Global Equity IncomeZ | 2,500 | 65,079 | 78,532 | |
| Haleon PLC Ord GBP0.01 | 10,000 | 28,914 | 39,130 | |
| HICL lnfrastructure | 20,000 | 35,236 | 22,520 | |
| Howden Joinery Group PLC Ord | 7,000 | 23,205 | 50,330 | |
| IMIPLC | 2,500 | 45,308 | 47,175 | |
| JP Morgan Global Growth & lncome | 15,000 | 67,459 | 78,600 | |
| JP Morgan Liquidity Funds | 160,000 | 161,435 | 160,000 | |
| Lloyds Banking Group Ord GBP0.1 | 80,000 | 77,374 | 57,664 | |
| LondonStockExchange Group | 400 | 32,095 | 45,840 | |
| NationalGridPLC | 4,000 | 35,678 | 40,380 | |
| NatWest Group PLC | 11,142 | 66,790 | 50,340 | |
| Rathbone Ethical Bond | 79,858 | B',t,512 | 68,534 | |
| Reckitt Benckiser Group PLC | 500 | 33,669 | 26,1s0 | |
| Royal Dutch Shell "B" Shares Ord | 4,100 | 68,592 | 115,825 | |
| ScottishAmericanlnvestment Co | 10,000 | 51,928 | 49,250 | |
| Sequoia Economic lnfrastructure | 3s,000 | 35,202 | 27,405 | |
| SumurfitWestRock PLC | 900 | 31,628 | 31,140 | |
| SSE PLC | 3,000 | 50,030 | 47,820 | |
| Supermarket lncome Reit PLC | 30,000 | 32,40 | 22,980 | |
| TaylorWimpeyPLC | 20,000 | 33,116 | 21,620 | |
| TBEvenlode Global lncome | 50,085 | 74,379 | 75,453 | |
| Tesco Ord GBP0,05 | 9,474 | 49,685 | 31,479 | |
| Link Fund SolLtdCapita Trojan | 45,000 | 46,683 | 60,579 | |
| Unilever PLC Ord GBP 0.03111 | 2,000 | 2',t,339 | 92,200 | |
| US Struc'tures Research Equity | 4,938 | 54,U2 | 47,757 | |
| Allianz RCM UK Equity lncome Fund | 2,156.45 | 2,677 | 2,2il | |
| 2.156,548 | 2,445,514 | |||
| HeldwithEvelyn Partners Held Directly-AllianzRCM UK Equity lncome Fund |
2,153,871 2,677 2,156,il8 |
2,43,250 2,2U 2,445,514 |