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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 cat*e 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
��������������� ……………………………………………………Date
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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**
**-**|
|---|---|---|---|
|**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|
|---|---|---|---|
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**|
||||||||||||**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**|||
|||
**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**|
|||||||||||||||