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|Gontents||
|---|---|
|Trustees'Report|1to3|
|Statement ofTrustees'Responsibilities|4|
|lndependentExamine/sReport|5|
|StatementofFinanciat Activities|6|
|Balance Sheet|7|
|Notes totheFinancial Statements|8to11|
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|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|
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|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|
##
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|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|
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|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|