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2022-12-31-accounts

Page
Annual
Report ofthe Trustees		 1-7
Report ofthe Independent
Examiner
Statement
of Financial
Activities
Balance Sheet 10
Notes to the Financial Statements 11-15
Schedule of Investments
8 Income		 16 —17

The Trustees of The Britwell Trust ("the trust" The Trustees of The Britwell Trust ("the trust" The Trustees of The Britwell Trust ("the trust" or "the charity") present their report and financial statements or "the charity") present their report and financial statements
for the year ended 31 December 2022. These have been prepared
in accordance
with the accounting
policies set out in Note 1 and comply with the charity's
Trust Deed and applicable
law. The comparatives
are for the year ended 31 December 2021.
1. REFERENCE AND ADMINISTRATIVE DETAILS
UK Charity Registration Number: 289196
Registered
Office:		 Britwell Priors, Longparish,
Nr. Andover
Hampshire
SP116QR
Trustees: Lady Rosemary
Violet Tennant
(Chairperson)
Christopher
Sebastian
Tennant
Independent
Examiner:		 Christopher J Hawley
FCA
Rawlinson
& Hunter
LLP,
Eighth
Floor, 6 New		 Street
Square,
London EC4A 3AQ
Accountants: Rawlinson
8 Hunter
LLP
Eighth Floor, 6 New Street Square,
London EC4A		 3AQ
Investment
Manager and		 Custodian: SG Kleinwort
Hambros
8St James's Square, London SW1Y4JU
Principal
Bankers:		 Bank ofScotland,
London Chief Office (120103)
33Old Broad Street, London BX21LB
Solicitors: Boodle Hatfield
LLP
240 Blackfriars Road, London SE18NW
HM Revenue &Customs: HMRC Charities
SelfAssessment
ref —7574375239
Repayment
claims ref —EW20153

Unrestricted Expendable Total Total
Note Fund
6		 Endowment
f		 2022 2021
Income and endowments from:
Investments 2 35,954 35,954 32,371
Other income 1,175 1,175
Bank deposit interest 548 548
Total income and endowments 37,677 37,677 32,371
Expenditure
on:
Charitable
activities		 48,892 48,892 50,830
Cost of raising funds 13,361 13,361 14,550
Total expenditure 62,253 62,253 65,380
Net (expenditure)
before		 net
gains on investment
assets		 (24,576) (24,576) (33,009)
Net (loss)/gains
on investment		 assets 6 (187,759) (187,759) 139,391
Net income/(expenditure) (24,576) (187,759) (212,335) 106,382
Transfers
between funds		 24,576 (24,576)
Net movement
in funds		 (212,335) (212,335) 106,382
Reconciliation
offunds:
Total funds brought
forward		 at 1 January 2022 2,038,111 2,038,111 1,931,729
Total funds carried forward
at 31 December 2022 K1,825,776 f1,825,776 f2,038,111

the Trustees consider the ad
continues
to be appropriate.		 opti o n ofthe going con cern basis in preparing
t		 hese financial s tate ments
Page 2022
f		 2021
INVESTMENT INCOME
Income from UK quoted equities 17,646 16,671
Income from foreign quoted equities 14,781 12,866
Income from foreign quoted unit trusts (interest) 3,527 2,834
Total investment
income		 9/16 F 35,954 f 32,371
CHARITABLE ACTIVITIES
Analysis ofcharitable
grants		 made:
Disasters Emergency
Committee		 (DEC) - Ukraine Humanitarian Appeal 5,000
StGeorge's
Hospital		 5,000 5,000
Border Women's
Aid		 3,000
National
Gallery Trust (George		 Beaumont Group) 2,500 2,500
Hampshire
Medical Fund		 2,000 2,000
Help Musicians
(Musicians		 Benevolent
Fund)		 2,000 2,000
Royal Academy ofArts 2,000 2,000
Shawmind 2,000
Stars Appeal (Salisbury
District		 Hospital Charitable Fund) 2,000
St Nicholas'
Church,
Longparish		 PCC 2,000 2,000
The Passage 2,000 2,000
Battersea Dogs &Cats Home 1,000 1,000
Canine Partners 1,000 1,000
Combat Stress 1,000 1,000
Countess of Brecknock Hospice Trust 1,000 1,000
Game &Wildlife Conservation Trust 1,000
Gurkha Welfare Trust 1,000 1,000
King Edward Vll's Hospital 1,000 1,000
McNicol Ballet Collective 1,000 1,000
National
Horseracing
Museum		 1,000 1,000
Racing Welfare
StJames' Church,
Woodcott		 1,000
1,000		 1,000
1,000
Wardour
Chapel Trust		 1,000 1,000
Mare & Foal Sanctuary 500
Chelsea Physic Garden 5,000

CHARITABLE ACTIVITIES (continued) CHARITABLE ACTIVITIES (continued) Page 2022
6		 2021
6
Alzheimer's
Research
UK		 2,000
The Salisbury 8 South Wiltshire Museum 2,000
Tommy's
University
ofSouthampton
(Cancer Centre Immunology)		 2,000
2,000
Whitechurch
Silk Mill Trust		 2,000
Countryside
Alliance Foundation		 1,000
Total charitable
grants made		 42,000 44,500
Support costs (note 4) 13 600 600
Governance
costs (note 4)		 13 6,292 5,730
Total charitable
activities		 9 L' 48,892 F 50,830
GOVERNANCE
AND SUPPORT COSTS
Support costs:
Secretarial
administration
(note		 3) 13 5 600 F 600
Governance costs:
Accountancy fees
-2022 accounts 4,686
-2021 accounts 216 4,260
- 2020 accounts 270
Total accountancy
fees		 4,902 4,530
Independent
examination
fees
-2022 accounts		 1,320
-2021 accounts 1,200
Total independent
examination		 fees 1,320 1,200
Bank charges 70
Total governance
costs (note		 3) 13 8 6,292 F 5,730
COST OF RAISING FUNDS
Investment
management
fees		 13,361 14,550
Total cost of raising funds 9 F 13,361 F 14,550

Page 2022 2021
8 6
FIXEDASSET INVESTMENTS
Investments
at market value comprise:
Quoted
investments
within		 the United Kingdom 473,325 608,885
Quoted
investments
outside the United		 Kingdom 1,229,672 1,316,115
Total investment
assets		 17 F1,702,997 81,925,000
See pages 15 - 16for a complete
list of		 the charity investments.
Quoted investments
Market value at 1 January 2022 1,925,000 1,846,189
Additions
at book cost		 553,055 519,881
Sale proceeds (587,299) (580,461)
Net realised gains/(losses) on disposals 17 (67,681) 4,519
Net unrealised
gains on revaluation		 17 (120,078) 134,872
Market value at 31 December 2022 10 81,702,997 L'1,925,000
Historical cost at 31 December 2022 F1,575,929 F1,604,147
Net gains on investment assets
Net realised gains/(losses) on disposals (67,681) 4,519
Net unrealised
gains/(losses)
on revaluation		 (120,078) 134,872
Total net (losses)/gains on investment assets 9 8(187,759) R 139,391
DEBTORS
Investment
income
in course of collection		 f 2,230 6
8. CASH DEPOSITS HELD
Bank ofScotland - current account 20,093 27,874
Kleinwort
Hambros
capital account 104,348 88,312
income account 5,371 6,005
10 F 129,812 F 122,191

Page 2022 2021
6
9. CREDITORS - amounts falling due within one year
Accountancy fees 4,686 4,260
Investment management fees 3,257 3,620
Independent examiner fees 1,320 1,200
10 F 9263 K 9080
Balance at Balance at
1 January Gains/ Fund 31December
2022 Income Expenditure (losses) Transfers 2022
10. FUND RECONCILIATION 6 F 6 E F
Unrestricted Funds 37,677 (62,253) 24,576
Expendable endowment 2,038,111 (187,759) (24,576) 1,825,776
Total Funds F2,038,11t F 37,677 F(62,253) F(187,759) F.
-		 F1,825,776
11. ANALYSIS OF NET ASSETSBETWEEN FUNDS
Expendable
Unrestricted Endowment 2022 2021
E 6 8
Investments 1,702,997 1,702,997 1,925,000
Debtors 2,230 2,230
Cash 129,812 129,812 122,191
Creditors (9,263) (9,263) (9,080)
Total Funds F1,825,776 F1,825,776 R2,038,111

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