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AUDREY EARLE CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
Mandair & Co Chartered Accountants 84 Lodge Road Southampton Hampshire SO14 6RG
Docuspji Envelope ID." D3620180-E27¢>47F2-A9174CCA53858A51 INDEPENDENT EXA AUDREY EARLE C REPORT TO TH TR I report on the 8c¢counts of ihe Trust forlhe year ended 5 April 2024. R••p•ctlve r•&poMlbllth8 of trustees and examlner The charity's tnjstees are responsitle forlhe preparation olthe 8¢counts_ The charity's trustees condder that an audit is not required forthis year under5eclion 144121 ofiho Ch8rrties Act 2011 Ithfr 2011 Actl and th8t an Indepèndendad xarnin8tion is needÈd. 1118 my re$ponsibilty to.. examlno tho ¥ccounts Uer ÈÈdion 145 olihe 2011 Act.. to f(4low the proc8dures dDwn in the general Direction8 gfven bytre Charity ComMk4 under section 14515llbl of the 2011 Acl-. alld to stale vthelher parbcular fflatters h8ve come lo my aitentlon. Bas Df IndBpondent examin6r8 roport My exatnination was c8rried oul accordan with the gera1 Direction8 given by the Charity Commisslon. An examknation Indudes a ieview Df the accotI} records kept by thè ¢h8dly and a comp8ri50n of the accounts presenloo vitlh those record&. 11 also irKiud$s considefalion of any unusual keTns dIS¢Sure5 in the accDunls and seeklrvJ explanaliorts from you as Irusies concemiw any such TllQttets. procedure$ U¢rtthen do Mi provide ¥1 the evideTr that would be required in an audll and consequenlty no opinion Is glven as lo whether the accounts present a'true and fairviev/ and the report Is Ilmftéd 10 those matters set ut in Ihe $18temem bel, lrtdbp•nd•nt oxamlner's Blatemgnt In connection wth myexaminalion, no matsr has corne lo my aitention.. whith glves my re850ndNe cate ID believe that in any m8teri81 respect to keep accotnttw rerords in a¢cord8n¢e with sectiDn 130 af thè 2011 Aci,. and ID prep8r6 acuunts which 8cwrd with the accounllng records and to comply%%tth tha acGDunting requiremènts of the 2011 Acl have noi been met., or tr> ¥Yhich. in my opinion, attenoon should be dravm in 0er to enable a proper under5taDLling of the accounts to be r&ach6d. Name.. Relevant proÈsslonal qualtfication.. Addre5S'. RltharrJ Mandalr ACA Mandair Umited Unil40 Basepoint Cfrntre 1 Winn811 Volley Rd Winchester S023 OLD DaiÈ' snatUre..
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AUDREY EARLE CHARITABLE TRUST
REPORT TO THE ACCOUNTS ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
ORIGIN OF THE TRUST:
The charity originated by a Settlement dated 16 July 1984 known as Audrey Earle Charitable Trust and is a registered charity under number 290028.
TRUSTEES:
The present Trustees of the charity are: Richard Hamilton Fleetwood Fuller Peter John Turner Paul Andrew Sheils
PURPOSES OF THE TRUST:
The Trustees have full discretionary powers to apply income and capital of the Trust for charitable objects and purposes in the United Kingdom or worldwide as they may think fit.
ACCOUNTING POLICIES:
The Accounts are prepared on an accruals basis as governed by the Charities Act 2011.
OUTSTANDING MATTERS:
None.
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AUDREY EARLE CHARITABLE TRUST
ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
We, the Trustees of the Audrey Earle Charitable Trust, have read and approve the within written Accounts as reflecting a true picture of the activities of the charity in respect of the year ended 5 April 2024.
……………………………………………………RICHARD HAMILTON FLEETWOOD FULLER
……………………………………………………PETER JOHN TURNER
……………………………………………………PAUL ANDREW SHEILS
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Audrey Earle Charitable Trust
| BALANCE SHEET AS AT 5 APRIL 2024 Capital Account Income Account Represented by: Investments at Market Value (Schedule 1) Cash with Stockbrokers Cash with C Hoare & Co Accounts and Examiners Fees Management Fees Capital Account 6th April 2023 Balance Brought Forward Realized profit/(loss) on sale of Canaccord investments Unrealized profit/(loss) on revaluation of Canaccord investments Adjustment to cost of Canaccord shares Change in value of Fuller Smith & Turner shares Management fees 5th April 2024 Balance Carried Forward Income Account 6th April 2023 Balance Brought Forward Income from Canaccord Income from C Hoare & Co Income from Fuller Smith & Turner shares Donations Fladgate LLP fees Accountancy fees Independent examiner fee Bank charges 5th April 2024 Balance Carried Forward |
5th April 2024 £ 5,329,875 17,908 5,347,783 £ 5,273,070 60,872 14,640 -800 5,347,783 5th April 2024 £ 4,392,303 -14,392 74,614 -241 886,698 -9,107 5,329,875 £ 12,105 58,788 468 110,043 -156,363 -5,950 -800 -384 17,908 |
5th April 2023 £ 4,392,303 12,105 4,404,408 £ 4,359,779 36,186 11,573 -800 -2,330 4,404,408 5th April 2023 £ 5,319,037 122,971 - 794,058 - 9,705 - 4,392,303 £ 8,253 49,183 79,960 -114,135 -9,838 -650 -150 -518 12,105 |
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Audrey Earle Charitable Trust FOR THE YEAR ENDED 5 APRIL 2024
| SCHEDULE OF DISPOSALS HICL Infrastructure The Renewables Infrastructure Persimmon Ishares Smart Metering Systems Diageo Croda International Chesnara Invesco Mgmt HICL Infrastructure The Renewables Infrastructure LXI Reit JP Morgan Claverhouse JP Morgan Claverhouse |
Number 11,650 15,000 700 5,700 1,200 300 176 3,700 4,690 11,650 15,000 35,105 3,330 3,670 |
Proceeds Cost Gain/(Loss) £ £ £ 17,511.33 17,385.10 126.23 18,959.00 19,496.50 537.50 - 8,331.50 14,720.85 6,389.35 - 22,989.28 24,108.60 1,119.32 - 8,415.12 8,994.00 578.88 - 9,831.31 10,703.43 872.12 - 9,305.04 9,178.50 126.54 10,024.86 10,007.69 17.17 40,907.40 48,067.43 7,160.03 - 13,834.83 17,385.10 3,550.27 - 16,008.31 19,496.50 3,488.19 - 36,721.85 30,759.18 5,962.67 21,974.87 20,378.43 1,596.44 23,934.10 22,459.12 1,474.98 258,748.80 273,140.43 14,391.63 - |
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| SCHEDULE OF ACQUISITIONS & REORGANISATIONS UBS United Kingdom 5% Axa World Barclays Citigroup Barclays UBS AG London Citigroup Meta Platforms Anazib HSBC B&M Nvidia SCHEDULE OF INCOME Canaccord Portfolio Deposit interest UK dividends Property Income Distributions UK interest Foreign interest Foreign dividends UK dividends - unit trusts UK interest - unit trusts Foreign dividends - unit trusts Foreign interest - unit trusts |
Number 36,000 30,000 510 14,000 16,000 15,000 6,000 15,000 40 100 2,000 1,800 26 |
Cost £ 36,273.20 30,668.94 40,457.70 13,930.60 16,050.00 15,048.00 6,137.00 15,210.50 9,477.36 11,211.86 11,949.90 10,326.00 10,298.00 227,039.06 2023/24 £ 821.52 15,667.29 1,711.36 4,668.56 6,107.97 9,713.60 5,960.96 7,234.64 2,992.76 3,908.64 58,787.30 |
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Fuller Smith & Turner Dividends on A shares Dividends on B shares
43,871.71 66,171.50 110,043.21
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Audrey Earle Charitable Trust
SCHEDULE OF INVESTMENTS AT
5 APRIL 2024
CANACCORD PORTFOLIO
| CANACCORD PORTFOLIO | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,000 Abrdn Asian Income Fund 100 Amazon Com 250 Ashtead Group 40,100 AXA US Short Duration High Yield Bonds 510 AXA World Funds High Yield Bonds 335 AXA World Funds Short Duration Bonds 1,800 B&M European Value Retail 29,000 Barclays 8.35% Income Autocall 1,100 Bayerische Motoren Werke 26,000 Bellevue Healthcare Trust 22,000 Blackrock Energy & Resources Income Trust 6,300 Blackrock World Mining Trust 2,700 Capital International Fund New Perspective 3,700 Chesnara PLC 31,000 Citigroup Global Markets Europe 176 Croda International 800 Coca-Cola HBC 300 Diageo 21,000 Fidelity Global Dividend Fund 1,000 First Trust Global - US Equity Income 1,500 First Trust Global - Global Equity Income 10,500 Fuller Smith & Turner 4,200 Gam Star Credit Opportunities 150 Games Workshop Group 480 GSK PLC 3,100 Guinness Global Equity Income 23,300 HICL Infrastructure 2,000 HSBC Holdings 1,500 Invesco FTSE Emerging Markets 4,689 Invesco Sterling Bond 800 Ishares Global High Yield Corporate Bond UCITS 5,700 Ishares USD Tips UCITS 120 JP Morgan Chase 7,000 JP Morgan Claverhouse 2,000 Legal & General Group 35,105 LXI Reit PLC 50 McDonalds Corporation 40 Meta Platforms 41,700 MI Twentyfour Asset Backed Income 51,000 MI Twentyfour Focus Bond 8,000 North American Income Trust 26 Nvidia Corporation 700 Persimmon 410 Rio Tinto 140,000 Schroder Income Maximiser 650 Shell PLC 1,200 Smart Metering Systems 30,000 The Renewables Infrastructure Group 42,000 UBS Index Linked Senior Notes 30,000 UK Treasury 4.25% 30,000 UK Treasury 5% FULLER SMITH AND TURNER 250,000 Ordinary 40p A shares @ £6.14 4,117,150 Ordinary 4p B shares @ 0.614p |
5 | Book Cost @ th April 2023 £ 29,968.00 8,860.00 32,534.00 32,823.00 8,828.00 33,748.00 20,486.00 38,495.00 26,929.00 10,008.00 9,179.00 13,035.00 10,703.00 42,649.00 19,433.00 52,430.00 48,549.00 40,570.00 3,533.00 8,455.00 48,617.00 34,770.00 33,627.00 48,025.00 57,764.00 24,099.00 10,200.00 42,838.00 4,974.00 30,759.00 12,292.00 43,598.00 43,712.00 25,347.00 14,721.00 17,809.00 59,508.00 12,974.00 8,994.00 38,993.00 31,417.00 1,136,253.00 Valuation @ th April 2023 £ 1,200,000.00 1,976,232.00 3,176,232.00 |
Valuation @ 5th April 2023 £ 27,170.00 11,168.00 33,050.00 32,358.00 8,675.00 39,208.00 29,040.00 40,887.00 42,579.00 11,267.00 11,183.00 18,288.00 11,006.00 46,809.00 22,295.00 49,770.00 50,295.00 33,994.00 14,108.00 7,138.00 58,018.00 36,208.00 27,353.00 42,362.00 52,688.00 23,852.00 12,291.00 46,620.00 4,694.00 34,157.00 11,318.00 43,555.00 42,126.00 22,080.00 8,425.00 21,656.00 61,362.00 15,356.00 9,096.00 38,400.00 31,642.00 1,183,547.00 Profit/(Loss) 0n Revaluation £ 335,000.00 551,698.10 886,698.10 |
Profit/(Loss) On Revaluation £ -2,798.00 0.00 2,308.00 516.00 -465.00 0.00 0.00 0.00 -153.00 5,460.00 8,554.00 2,392.00 15,650.00 1,259.00 0.00 2,004.00 5,253.00 303.00 4,160.00 2,862.00 -2,660.00 1,746.00 -6,576.00 10,575.00 -1,317.00 9,401.00 1,438.00 0.00 -6,274.00 -5,663.00 -5,076.00 -247.00 2,091.00 3,782.00 -280.00 3,398.00 -974.00 0.00 -43.00 -1,586.00 -3,267.00 0.00 -6,296.00 3,847.00 1,854.00 2,382.00 102.00 -593.00 0.00 225.00 0.00 47,294.00 Valuation @ 5th April 2024 £ 1,535,000.00 2,527,930.10 4,062,930.10 |
Book Cost @ 5th April 2024 £ 29,968.00 11,212.00 8,860.00 32,485.00 40,458.00 32,872.00 10,326.00 28,979.00 8,828.00 33,748.00 20,486.00 38,495.00 27,124.00 31,261.00 13,035.00 42,649.00 19,433.00 52,430.00 48,549.00 40,570.00 3,533.00 8,455.00 48,617.00 11,950.00 33,654.00 57,824.00 10,200.00 4,974.00 12,292.00 9,477.00 42,640.00 43,041.00 25,347.00 10,298.00 17,809.00 59,508.00 12,974.00 42,410.00 31,416.00 30,045.00 1,088,232.00 |
5 | Valuation @ th April 2024 £ 26,910.00 14,647.00 14,250.00 33,656.00 41,871.00 31,832.00 9,382.00 29,435.00 9,646.00 38,324.00 25,520.00 33,768.00 51,354.00 32,044.00 19,120.00 50,022.00 25,970.00 53,610.00 64,260.00 36,893.00 14,693.00 7,819.00 64,230.00 12,826.00 27,743.00 53,564.00 18,752.00 5,020.00 10,553.00 16,694.00 46,248.00 44,860.00 23,120.00 18,109.00 20,393.00 61,474.00 18,067.00 42,637.00 30,649.00 30,175.00 1,210,140.00 |
Profit/(Loss) | R | Change In evaluation |
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| On Revaluation £ -3,058.00 3,435.00 5,390.00 1,171.00 1,413.00 -1,040.00 -944.00 456.00 818.00 4,576.00 5,034.00 -4,727.00 24,230.00 0.00 783.00 0.00 6,085.00 0.00 7,373.00 6,537.00 1,180.00 15,711.00 -3,677.00 11,160.00 -636.00 15,613.00 876.00 -5,911.00 -4,260.00 0.00 8,552.00 0.00 46.00 -1,739.00 7,217.00 3,608.00 1,819.00 -2,227.00 7,811.00 0.00 2,584.00 1,966.00 5,093.00 0.00 227.00 -767.00 130.00 121,908.00 |
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5 |
-260.00 3,435.00 3,082.00 655.00 1,878.00 -1,040.00 -944.00 456.00 971.00 -884.00 -3,520.00 -7,119.00 8,580.00 -1,259.00 783.00 -2,004.00 832.00 -303.00 3,213.00 3,675.00 3,840.00 13,965.00 2,899.00 585.00 681.00 6,212.00 876.00 363.00 816.00 247.00 6,461.00 -3,782.00 326.00 -765.00 7,217.00 3,651.00 3,405.00 1,040.00 7,811.00 6,296.00 -1,263.00 112.00 2,711.00 -102.00 227.00 -992.00 130.00 74,614.00 |
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