ALFRED CHARLES cufHBERT PARKER WILL TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2022
Charlty Number 290030

ALFRED CHARLES CLFfHBERT PARKER WILL TRUST
CONTENTS PAGE
Pages
Reference and Administration Detsils
Report of the Trustee
Independent Examiner's Report
Re￿iptS and Payments Accounl
statement of Assets and Liabilrties
Appendix 1

ALFRED CHARLES CUTHBERT PARKER WILL TRUST
REFERENCE AND ADMINISTRATION DEfAILS
Corporate Trustee
HSBC Trust Company (UK) Limited
Current Directors of Corporate Trustee
J Coyle
P M Spencer
J Hewitson
Trust Manager
A Mellish
Principal Offl¢e
Forum 1
The Forum Parkway
hiteley
Fareham
Hampshire
P015 7PA
Independent Examiner
Frances Millar ACA
RSM UK Tax and AGcounting Limited
Highfield Court
Tollgate
Chandlers Ford
Eastleigh
Hampshiie
S053 3TY
Bankers
HSBC Bank plc
Forum 1
The Foium Parkway
Whiteley
Fareham
Hampshire
P015 7PA
Investment Managers
HSBC UK Bank plc
1 Centenary Square
Birmingham
B1 1HQ

ALFRED CHARLES CUTHBERT PARKER WILL TRUST
REPORT OF THE TRUSTEE
FOR THE YEAR ENDED 5 APRIL 2022
The Trustee presents its report together wrth the financial statements of the charity for the year
ended 5 April 2022. which have been prepared on a receipts and payments basis. The financial
statements have been prepared in accordance with the trust's constitution and applicable law.
The purchase and sale of investments results from the day to day management of the investment
portfolio by the inveslTnent managers. In 3ccordance with the Charrties Act, the financial statements
have been prepared on the receipts and payments basis given that the definition of gross income
exclude5 the receipt of any endowment, loans and proceeds from the sale of investments or fixed
assets.
Structure. government and management
The Alfred Charles Culhbert Parker Will Trust is an unincorporated trust ar)d is oonstituted under the
terms of the Will dated 11 August 1958 of the late Mr Parker. The trust is a regislered charity Ino.
2900301.
The Corporate Trustee has appointed a designated trust manager lo look after Ihe charrty. The
Investment Manager reviews the performance and provides recommendations on the strEJCture of
the investment portfolitss.
The power to appoint additional Trustees is vested in the current Trustee, and is exercisable in
wrrting. Should new Truslees be appointed, the existing Trustee would take responsibility of their
induction.
The Trustee has examined the major strategic, business and operational risks which the charity
faces and confirms that system5 have been established to enable regular reports to be produced so
that the necessary steps can be taken to mitigate these risks. The main risk in the year was
Gonsidered to be the variability of the investment returns.
Objective$ and a¢tlvities
Follgwing the closure of the Ranyard Charitable Trust. the Trustee has examined altemative use5
for the income generated. They have identrfied Mefchant Taylors as an appropriate recipient.
Achlevements and performance
During the year, 4 grants lotalling £25,158 (2021.. 3 grants lotalling £88,041) were awarded lo one
haritable institution under the terms of the governing document. During the current and prior year
no grants were reluriied. Nf) gidiils were awarded to individuals in either year. The beneficiaries are
disclosed in Appendix 1 of the financial statements.
Finan¢lal revlew
The charity received funds from the estate of Mr Parker under Ihe terms of the trust deed. The fund
generated investment income of £29,201 {2021.' £33,469) in the year lo fund its charitable activities.
The expenditure on charitable activities was £25,458 12021.. £88,041) of which £25,158 <2021..
£88,041) was charitable expenditure in the form of grants to charitable institutsons.
Investment policy
In a¢cordanGe with the governing document, the Trustee has the power to invest in such stocks,
shares, investments and property as they see fil. The Trustee engaged HSBC UK Bank plc as
Investment Manager. The policy 15 to adopt a low to medium risk investment strategy to protect, in
absolute terms, the capital value of the fund whilst producing a sustainable and growing level of
income, and also providing the potential for longer term growth of capital in real terms.

ALFRED CHARLES CUTHBERT PARKER WILL TRUST
REPORT OF THE TRUSTEE cont.
FOR THE YEAR ENDED S APRIL 2022
Reserves pollcy
The unrestricted funds, which are the free reserves of the charity, and which are represented by the
income arising, are paid over to beneficiaries throughout the year. It is not the policy of the charity to
maintain specific reseThes.
The expendable endowment funds represent those assets which are held permanently by the
charity and are principally investments. Income arising on the endowment fund can be used in
accordance with the objectives of the charity and is included as unrestricted income. Any capital
gains or losses arising on the investments fomi part of the fund. The Trustee has the power to
convert this fund into income.
Public benefit
We have referred to the guidance contained in the Chaiity Commission's general guidance on
public benefit when reviewing our aims and objectives and in planning our future activities. In
particular, the Trustee considers how planned activities will contribute lo the aims and Dbjeclives
they have set.
Plans for the future
The Trustee intends to continue providing grants in a similar way to the recent past whi15t retaining
Ilexibility as lo the timing and scale of grant making.
Related partles
The Corporate Trustee and the Investment Manager are both wholly owned subsidiaries of HSBC
Holdings plc.
In addition to the fees shown on page 6, as a result of the acquisition and disposal of investments,
the trust pays transaction charges to HSBC Bank plc. The charges are calculated on a sliding scale
at a percentage of the transactions value plus VAT and are added lo or deducted from the cosl of
the investments or the disposal proceeds in accordance with UK standard accounling practice.

ALFRED CHARLES CUTHBERT PARKER WILL TRUST
REPORT OF THE TRUSTEE cont.
FOR THE YEAR ENDED 5 APRIL 2022
Statement of Trustee's responsibilities in relation to the financial statements
The law applicable lo charities in England and Wales requires the Trustee to prepare financial
statements for each financial year which give a true and fair view of the chaiity's financial activities
during the yeaf and of it's financial position at the end of the yeaT. In preparing those financial
statements, giving a true and fair view, the Trustee should follow best practice and..
select suitable accounting policies and then apply them consistenlly.,
make judgements and estimate5 that are reasonable and prudent;
slate whether applicable accounting standards and statements of recommended pracli¢e
have been followed, subject to any departures disclosed and explained in the financial
statements., and
prepare the financial statement5 on the going concern basis unless il is inappropriate to
presume that the charity will eonlinue in operation.
The Trustees are responsible for keeping accounting records thich disclose with reasonable
accuracy the financial position of the charity. This enables them lo ascertain the financial position of
the charity and enables them to ensure the financial statements comply with the Charfties Act 2011,
the Charity (Accounts and Reports) 2008 Regulations and the provisions of the trust deed.
The Trustee is responsible for safeguarding the asset5 of the charty and hence for taking
reasonable steps for the pievention and detection of fraud and other irregularities.
Approved by the Trustee and signed on its behalt:
HSBC Trust Company (UK) Limited

ALFRED CHARLES CUTHBERT PARKER WILL TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEE OF ALFRED CHARLES CUTHBERT PARKER WILL TRUST
I report to the Truslee on my examination of the financial statemenls of the Alfred Charles Cuthbert
Parker Will charitable trust for the year ended 5 April 2022, which are set out on pages 6 to 7.
Responsibilities and basis of report
As the Truslee of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 {'the 2011 Act,).
I report in respect of my examination of the charity's financial statements carried out under section
145 of the 2011 Act and in carrying out my examination I have followed all Ihe applicable directions
given by the Charity Commission under section 145 (5)Ib) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in
an audit and consequently does not cover all the matters that an auditor considers in giving their
opinion on the financial statements. The planning and conduct of an audit goes beyond the limited
assurance that an independent examination can provide. Consequently, l express no opinion as to
whether the financial statements present a 'true and fair view, and my report is limited to those
specific matters set out in the independent examiner's statement.
Independent Examiner's statement
I have completed my examination. I confirm that no material matters have come lo my attention in
connection with the examination giving me reasonable cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of
the 2011 Act., or
2. the financial statements do not accord with those records.. or
3. the financial statements do not comply with the applicable requiren7ents concerning the
form and content of financial statements set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the financial statements give a knie
and fair view, which is not a matter considered as part of an independent examination.
I have no concern5 and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order lo enable a proper understanding of the
financial statements lo be reached.
Frances Millar ACA
Chartered Accountant
The Institute of Chartered Accountants in England and Wales
On behalf of RSM UK Tax and Accounting Limited
Chartered Accountants
Highfield Court
Tollgate
Chandlers Ford
Eastleigh
Hampshire
S053 3TY
11-Jan-2023
Date..

ALFRED CHARLES CUTHBERT PARKER WILL TRUST
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2022
Unrestrictsd
funds
Endowment
funds
Total
2022
Total
2021
Receipts
Investment income
29,201
29,201
33,469
29,201
29,201
33,469
Investment ¥4le proceed$
Proceeds from the sale of investmen15
1,120.408
1.120.408
1.417,238
Total recolpts
29,201
1,120,408
1,149,609
1.450,707
Payments
Cost of g¢ngrating funds
Investment service clBrge
37.385
37,385
6,5
Charft4bl& activittOS
Grants
Other alk)cated c051$
25.158
300
25,158
300
88.041
Gov•mance costs
Indepe￿ent exami￿￿ s fee
1,248
1.212
25.458
38,633
64,091
95,809
Investmont PUTch4$ès
Payments for p￿chase5 of investments
1,107,673
1,107,673
1,402.348
Totsl payments
25,458
1,146,306
1 171,764
1,498.157
Net receiptsiipaymentsl
3.743
125,8981
(22.1551
147.4501
Transfers between fLnds
13,0561
3056
Cash inve51ed at 6 April 2021
1,990
38,416
40.406
87,856
Cash invested al 5 April 2022
2.677
15,574
18.251
40.4[
These unaudited financial statements have been Subjected to independent examination. See report
on page 5.

ALFRED CHARLES CUTHBERT PARKER WILL TRUST
STATEMENT OF AssEfs AND LIABILITIES
AS AT 5 APRIL 2022
Unrestricted
funds
Endowment
funds
Total
2022
Total
2021
Investments
UK equities
UK fixed interest securities
Overseas fixed interest secullties
Overseas eqimlies a￿1 unit trusts
Ot￿[ ITUSt assets
Cash
28,580
59,418
1.432,500
393,686
28,265
1.484,462
513.178
28,265
1,484.462
513.178
2,677
15,574
18,251
40.406
Total assets
2,677
2,041,480
2.044.157
1,954,591
Liabilities
Professional fees payable
1,315
1,315
1,250
Approved by the Trustee and aLrthorised for issue on..
..J/:Izo.Z&....
and signed on its behalf-.
HSBC Trust Company (UK) Limited
These unaudited financial statements have been subjected to independent examination. See report
on page 5.

ALFRED CHARLES CUTHBERT PARKER WILL TRUST
APPENDIX 1
BREAKDOWN OF CHARITABLE GRANTS
Number of
grants
Amount
Instltution
Merchant Taylors, Cortsolidated Charities for the Poor
25,158
25.158