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2022-04-05-accounts

The Michael Bishop Foundation

Financial Statements Year Ended 5 April 2022 Charity No.: 297627

THE MICHAEL BISHOP FOUNDATION

Report and Financial Statements for the year ended 5 April 2022

Contents

Page:

1 Reference and Administration details 2-6 Report of the Trustees 7-8 Report of the Independent Auditor 9 Statement of Financial Activities 10 Balance Sheet 11 Statement of Cash Flow 12-18 Notes forming part of the Financial Statements 19 Appendix

Trustees

Baron Glendonbrook of Bowdon CBE ("Lord Glendonbrook") (previously Sir Michael Bishop CBE) Grahame N Elliott CBE, FCA Martin P Ritchie Timothy J Bye

Principal Office

Staunton House, Staunton Harold, Ashby-de-la-Zouch, Leicestershire, LE65 1RW

Accountants

BDO LLP, 55 Baker Street, London, W1U 7EU

Independent Auditor

Perrys Accountants Limited, Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 1NR

Investment Managers

Tilney – 130 St Vincent Street, Glasgow, G2 5SE Veritas – Riverside House, 2a Southwark Bridge Road, London, SE1 9HA Canaccord Genuity Wealth Management, 41 Lothbury, London, EC2R 7AE

Bankers

HSBC Bank plc, 62 Market Street, Ashby-de-la-Zouch, Leicestershire, LE65 1BE

Solicitors

Maurice Turnor Gardner LLP, 15th Floor, Milton House, Milton Street, London, EC2Y 9BH

1

THE MICHAEL BISHOP FOUNDATION

Report of the Trustees for the year ended 5 April 2022

The Trustees present their report and the independently Audited Financial Statements of the Michael Bishop Foundation ( “the Foundation” or “the charity”, ) for the year ended 5th April 2022. These have been prepared in accordance with the accounting policies set out on page 12 and comply with the charity’s trust deed and applicable law.

The Trustees who served throughout the year were:

Baron Glendonbrook of Bowdon CBE Grahame N Elliott CBE, FCA Martin P Ritchie Timothy J Bye

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Michael Bishop Foundation was established in 1987 by the settlor, Michael Bishop (now Lord Glendonbrook). It is a registered charity, number 297627. Since its establishment in 1989 it has distributed more than £28 million to more than one hundred different charitable organisations in the United Kingdom and through The Glendonbrook Foundation in Australia.

The entire resources of the Foundation are unrestricted and the Trustees have complete discretion over their use. The management of the Foundation is conducted solely by the Trustees. They do not generally accept unsolicited applications for funds and use their own research and experience to decide which charitable organisations should benefit from funding. In order to keep the costs of the Foundation low, it has only one employee and is unable to respond to unsolicited applications.

The Foundation did not have any volunteers working for them during the period.

The power to appoint additional Trustees rests with Lord Glendonbrook in his lifetime.

The Trustees support a broad range of charitable organisations within five main areas of focus:

These areas of focus are not exclusive, and other areas may be considered from time to time.

INDUCTION AND TRAINING

Should new Trustees be appointed, a formal induction process would be carried out. Other training is undertaken as and when appropriate. All Trustees are kept informed at the meetings of their duties and obligations under the law in addition to their proper conduct.

RESERVES POLICY

The investment objectives of the charity are to preserve capital in real terms and provide sufficient income to meet the Trustees requirements.

2

THE MICHAEL BISHOP FOUNDATION

Report of the Trustees for the year ended 5 April 2022 (continued)

RISK MANAGEMENT

A risk assessment has been undertaken which comprises of:

This continuing process will identify risk areas to which the Foundation is vulnerable and highlight any necessary safeguards that will need to be put in place.

The Trustees continually seek the advice of the investment managers who manage the Foundation’s investment portfolios and the advice of their legal advisors to ensure the proper due diligence on any potential recipient of a donation from the Foundation.

The continuation of the Coronavirus (COVID-19) pandemic across the world during the year has had an impact on the Charity along with all other organisations. The only employee followed official government advice and worked from home for a period, but there was no other material operational impact as the Trustees are not office based.

Investment returns have been positive during the financial year though dividend income from investments has been lower than historic levels as companies retained cash reserves, and requests for financial support from charitable organisations have increased. The Trustees have however maintained liquidity through the sale of investments and do not anticipate any threat to the continued operation of the Charity.

The risk of Lord Glendonbrook passing away in the short to medium term has been identified by the Trustees as a potential risk to the Foundation. Suitable measures have been put in place regarding the strategy of the Foundation in such an event.

INVESTMENTS

The assets of the Charity consist principally of investments and cash and these are collectively recorded on the Balance Sheet and supporting notes at their market value on that date. Any increase or decrease over costs on the restatement of these values is recorded in the Statement of Financial Activities.

The Trustees investment powers are unrestricted. They engage professional investment managers to manage the investments and set the objectives of the managers, which are broadly to maximise total return having due regard to risk and preservation of capital. The Managers are also set specific performance benchmarks which are monitored against the actual performance by the Trustees on a six-monthly basis. The current investment managers are Evelyn Partners (the new name of the merged organisation of Tilney Bestinvest and Smith and Williamson) who at the year end managed approximately £11.8m, Veritas who managed approximately £30m and Canaccord Genuity who managed £6.2m. During the year ended March 31st 2022, excluding capital additions and withdrawals, the Evelyn portfolio investment return was 7% , the Veritas portfolio was 11.9% and the Canaccord portfolio was 3.7%. In the event of underperformance against benchmarks for a number of periods the Trustees would review the mandate of the manager and after taking appropriate professional advice would seek an alternative manager or managers.

3

THE MICHAEL BISHOP FOUNDATION

Report of the Trustees for the year ended 5 April 2022 (continued)

OBJECTIVES ACTIVITIES AND PUBLIC BENEFIT

The Foundation’s objectives and principal activities are to extend donations to any qualifying charities, bodies or organisations of any purpose in any part of the world which under the laws of England and Wales shall be recognised as purely charitable. As indicated above the Trustees support a wide range of activities which in their discretion they feel appropriate.

In particular, where donations are provided to the Glendonbrook Foundation in Australia, the Trustees are satisfied that there is sufficient oversight in relation to the Glendonbrook Foundation to ensure that all funds provided to the Glendonbrook Foundation are applied for purposes that are exclusively charitable under English law. In particular, both Martin Ritchie and Lord Glendonbrook are directors of the Glendonbrook Foundation and meet with the individual recipient projects to ensure that the Glendonbrook Foundation (and so the Charity) maintains oversight as to the application of funds and the accounts of the Glendonbrook Foundation are made available to the Trustees.

The Trustees confirm that they have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing the Foundation’s aims and objectives and in planning future activities and setting the grant making policy.

During the past year charitable grants payments of £3,006,003 were made (2021: £3,829,247). Amongst these grants were a number that formed part of longer term commitments made by the Foundation and which are accounted for in line with the guidance set out in FRSSE SORP 2015 so that the total commitment over the period of the grant is reflected in the accounts only in the year that the commitment is made.

Amongst the total grants paid this year were the following grants of £50,000 or more:

The Princes Trust £300,000 the final instalment of a five year commitment of £1.5m towards the Trust’s skills hub at a former cold store in Digbeth, Birmingham.

Baker Dearing Trust £75,000 as part of a 5 year commitment of £500,000 to assist with the creation of University Technical Colleges throughout England and Wales for high quality technical schooling for 14 to 18 year old students.

Mill Hill School Foundation £135,839 supporting a Scholarship scheme for students who otherwise would not have the opportunity of education at the school.

The Royal Birmingham Conservatoire of Music £50,000, the final instalment of a £150,000 commitment for the general purpose of the Conservatoire.

The Glendonbrook Foundation £250,500 funding for the general purposes of the Australian registered charity established by Lord Glendonbrook.

Exeter Northcott £75,000 being last installment of a 3 year commitment, ahead of a new £225,000 3 year commitment starting in 2023.

Margaret Thatcher Scholarship Trust £74,363 as part of a five year commitment totalling approximately £341,000 to assist promising students to benefit from education at Somerville College, Oxford regardless of their circumstances.

The Royal Collection Trust £200,000 of which £125,000 was an instalment of a £1m commitment over a 7 year period to support the restoration of a significant property at Holyrood House to display items of the collection and serve as a Visitor Centre and £75000 being the first instalment of a 2 year commitment of up to £150,000 for the Cassiano dal Pozzo Catalogue Project.

4

THE MICHAEL BISHOP FOUNDATION

Report of the Trustees for the year ended 5 April 2022 (continued)

Governor Phillip International Scholarship Trust £90,567 towards postgraduate scholarships promoting relations between between Australia and the United Kingdom.

Birmingham Royal Ballet £100,000 for the general purposes of the organisation.

D’Oyly Carte Opera £178,333 being made up of three separate donations:

£83,333.34 being the final instalment of a 3 year £250,000 commitment towards their General Purposes

£60,000 a one off commitment to support their London Week at the Hackney Empire.

£35,000 the first instalment of a new 2 year commitment for a total of £70,000 as an exceptional grant for general purposes.

Broughton House £62,500, an instalment of a £250,000 commitment towards the restoration and improvement of the property.

The Iris Prize £50,000 towards the LBGT+ Film Festival held in Cardiff each year .

British Red Cross £75,000 Emergency Covid response.

The Art Fund £50,000 the second of three instalments for the Prospect Cottage project.

The Alzheimer's Society £110,000 being the first instalment of a new 3-year commitment for £500,000 for their general funds

Alford House £50,000 being the first instalment of a 2 year commitment towards the 7020 project to refurbish their building in Lambeth

The British Council Benevolent Fund £280,000 towards the 2021 UK/Australia season of cultural events in conjunction with the Australian Culture Fund

NSPCC £50,000 being the first instalment of a £250,000 commitment for the InCtrl service North West which is designed to keep children safe online and prevent technology assisted child abuse.

The English National Opera Trust £50,000 towards their production of HMS Pinafore

The English Heritage Trust £250,000 being the first instalment of a 4 year £1m commitment to support the renovation work of four projects: Dover Castle, Hardwick Old Hall, North Leigh Roman Villa and Brodsworth Hall.

The Foundation also makes many smaller donations to organisations both local and national. This year 14 charities benefited from payments of less than £50,000.

A full list of all grants actually paid during the financial year (as opposed to commitments made) is shown in Note 5 to the accounts on page 13 to 15.

FINANCIAL REVIEW

The Charity’s investments are managed by Evelyn Partners, Veritas Asset Management (UK) Ltd and Canaccord Genuity Wealth Management, under a discretionary mandate and a conservative investment policy which aims at maintaining the capital of the charity through diversification whilst maintaining sufficient liquidity for the Charity’s foreseeable needs and donations.

The market value of the investment portfolio at 5 April 2022 was £48,083,360 (2021: £45,511,414).

The balance of cash held at 5 April 2022 was £909,873 (2021: £651,086).

5

THE MICHAEL BISHOP FOUNDATION Report of the Trustees for the year ended 5 April 2022 (continued) TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEAIENTS Law applicable to charitie5 in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial p051tion at the end of the year. In preparing those financial statement5, the Trustees are required to- select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards and staternents of recommended practice have been followed subject to any departures disclosed and explain￿ in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping accounting records which di5c105e wth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the finanoal statements comply with the Charrities Act 2011, the Charity (Accounts and Reports) Regulations and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf by: Lord Glendonbrook Trustee Date: of/•2 /z?s

THE MICHAEL BISHOP FOUNDATION

Independent Auditor's Report to the Trustees of The Michael Bishop Foundation

Opinion

We have audited the financial statements of The Michael Bishop Foundation for the year ended 5 April 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards.

In our opinion the financial statements:

give a true and fair view of the state of the Charity’s affairs as at 5 April 2022 and of its income and expenditure for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or

7

THE MICHAEL BISHOP FOUNDATION

Independent Auditor's Report to the Trustees of The Michael Bishop Foundation

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to the charity. The charity is complying with the legal and regulatory framework by engaging professional advisers.

The laws and regulations we have identified as being of significance in the context of the charity are the Charities Act 2011.

Our assessment of the susceptibility of the charity’s financial statements to material misstatement is that the susceptibility is low.

The engagement partner considers that the engagement team collectively have the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations due to their experience and training. No matters of non-compliance with laws and regulations or fraud were communicated to the engagement team. A further description of our responsibilities is available on the Financial Reporting Council’s website at www.frc.org.uk / auditors / audit-assurance / auditors responsibilities for the audit / description of the auditors responsibilities for the audit of the financial statements.

Stephen Hale FCA FCCA

Senior statutory auditor

For and on behalf of Perrys Accountants Limited, Statutory auditor

Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR

Date

8

THE MICHAEL BISHOP FOUNDATION

Statement of Financial Activities for the year ended 5 April 2022

----- Start of picture text -----
Notes 2022 2021
£ £
Income and endowments from
Donations 2 1,551,899 3,291,093
Investments 3 577,477 563,518
Total 2,129,376 3,854,611
Resources expended
Cost of generating funds:
Investment management fees 356,376 327,151
Charitable activities 4 3,055,818 3,881,854
Total 3,412,194 4,209,005
Net income before investment gains/(losses) (1,282,818) (354,394)
Gains/(losses) on investments
- realised 4,661,406 2,342,384
- unrealised (588,501) 7,354,331
-
Currency gains/(losses) (7,028)
Net movement in funds 2,783,059 9,342,321
Total funds at 6 April 2021 42,616,477 33,274,156
Total funds at 5 April 2022 45,399,536 42,616,477
----- End of picture text -----

All funds are unrestricted and relate to continuing activities.

The notes on pages 12 to 18 form part of these Financial Statements.

9

THE MICHAEL BISHOP FOUNDATION Balance Sheet as at 5 April 2022 Notes 2022 2021 Fixed Assets Investments 48.083.360 45,511,414 Current Assets Debtors Cash at bank 92.231 909,873 1.002.104 23,078 651,086 674,164 Liabilities Creditors.. amounts falling due wthin one year 10 {1,534,6401 12,030,275) Net current a55ets 1532,5361 11,356,1111 Total assets less current liabilities 47,550,824 44,155,303 Creditors.. amounts falling due after one year {2, 151,2881 11,538,8261 Total net a55ets 45,399.536 42,616,477 Fund5 Unrestricted Funds 45,399,536 42,616,477 Approved by the TrUSt￿S and Signed on their behalf by.. Lor Glendonbrook Trustee Date.. os/121201 The notes on pages 12 to 18 form part of these Financial Statements. 10

THE MICHAEL BISHOP FOUNDATION

Statement of Cash Flow for the year ended 5 April 2022

----- Start of picture text -----
Notes 2022 2021
£ £
Net cash used in operating activities 13 (1,819,649) 302,638
Cash flow from investing activities:
Dividends and interest from investments 577,477 563,518
Proceeds from sales of investments 3,743,481 (2,832,834)
Net cash provided by investing activities: 4,320,958 (2,269,316)
Change in cash in the year 2,501,309 (1,966,678)
Cash brought forward 2,438,536 4,405,214
Cash carried forward 4,939,845 2,438,536
Represented by:
Cash at bank 9 909,873 651,086
Cash at broker 9 4,029,972 1,787,450
4,939,845 2,438,536
----- End of picture text -----

The notes on pages 12 to 18 form part of these Financial Statements.

11

THE MICHAEL BISHOP FOUNDATION

Notes to the financial statements for the year ended 5 April 2022

1 Principal Accounting Policies

(a) Accounting Convention

The financial statements are prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.

(b) Donations, legacies and similar income

Donations, legacies and similar income are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability.

(c) Investment income

Investment income is accounted for in the period in which the charity is entitled to receipt.

(d) Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.

(e) Charitable activities

Costs of charitable activities include grants made and an apportionment of overhead and support costs where applicable.

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Charity.

(f) Governance costs

Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activity.

(g) Fixed asset investments

Investments are stated at closing market value at the balance sheet date. Any gains or losses on revaluation and disposal are shown in the Statement of Financial Activities.

(h) Realised gains and losses

Gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and purchase cost. Unrealised gains and losses are calculated as the difference between the market value at year end and opening market value (or purchase date if later). Realised and unrealised gains and losses are not separated in the Statement of Financial Assets.

(i) Taxation

The charity is exempt from tax on its charitable activities.

(j) Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling the balance sheet date. Transactions in foreign currency are translated at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

12

THE MICHAEL BISHOP FOUNDATION

Notes to the financial statements for the year ended 5 April 2022

----- Start of picture text -----
2 Donations 2022 2021
£ £
Donation of shares 1,226,274 3,291,093
Cash Donations 260,500 -
Gift Aid recoverable thereon 65,125 -
1,551,899 3,291,093
3 Investment income 2022 2021
£ £
Dividends and fixed interest 577,096 563,518
Bank interest 381 -
577,477 563,518
4 Charitable Activities Support
Grants Costs Total
(see note 5) (see note 6) 2022
£ £ £
Advancement of Health and Medicine 100,150 1,660 101,810
Arts and Culture 645,000 10,689 655,689
Education and Training 778,353 12,898 791,251
General Charitable Purposes 232,500 3,853 236,353
Heritage 1,000,000 16,572 1,016,572
Human Rights and Social Justice 250,000 4,143 254,143
3,006,003 49,814 3,055,818
5 Grants paid or payable 2022 2022 2021 2021
Number £ Number £
Payable to institutions 26 3,006,003 49 3,829,247
2022 2021
£ £
-
ABF The Soldiers' Charity 50,000
-
Acorn Recovery Projects 25,000
Alford House - 100,000
Alzheimer's Research Trust - 500,000
-
Anti-slavery International 10,000
-
Art Fund - Prospect Cottage Project 150,000
-
Attingham Trust 15,000
Australian World Orchestra 50,000 -
-
Baker Dearing Educational Trust 525,000
-
Big Issue Invest Trust 7,500
-
Birmingham Royal Ballet 200,000
-
Breedon Priory 75,000
British Council - 280,000
Carried Forward 100,000 1,887,500
----- End of picture text -----

13

THE MICHAEL BISHOP FOUNDATION

Notes to the financial statements for the year ended 5 April 2022

5
Grants paid or payable (continued)
Brought forward
British Red Cross
Chetham's School of Music
Chipping Norton Theatre
D’Oyly Carte Opera Trust Ltd.
Exeter Northcott Theatre
Focus Charity
Foundling Museum
Glendonbrook Foundation
Governor Phillip Scholarship
Henshaws For the Blind
Imperial War Museum
International Bomber Command Centre
Iris Prize Outreach Ltd.
Just Like Us
Lord Lyon Society
Manchester Foundation Trust
Margaret Thatcher Scholarship Trust
Mill Hill (McClure Tribute)
Mill Hill School
Miltons Cottage
MQ
Murray Parrish Trust
Noel Coward Foundation
Northern Chamber Orchestra
NSPCC
Outright Action International
Oxfordshire Community Foundation
Oxfordshire VCH Trust
Palace Theatre & Opera House Trust
Pimlico Opera
Pitzhanger Manor and Gallery Trust
Place 2 Be
Postal Museum
Prader-Willi Syndrome Association
Project for Modern Democracy
Queen Elizabeth Scholarship Trust
RNLI Brighton
Royal Birmingham Conservatoire Trust
Royal British Legion Industries
Royal Collection
Royal Flying Doctor Service of Australia Friends in the UK
Carried Forward		 2022
£
100,000
100,000
-
-
70,000
225,000
-
-
-
61,764
-
-
250,000
50,000
-
25,000
-
-
50,000
135,839
-
-
-
-
-
250,000
-
-
-
-
50,000
-
-
45,000
-
-
50,000
5,000
150,000
-
150,000
150
1,767,753		 2021
£
1,887,500
150,000
25,000
15,000
60,000
-
100,000
7,500
250,500
179,943
25,000
50,000
-
60,000
50,000
-
40,000
284,404
-
80,150
25,000
1,000
50,000
15,000
25,000
-
1,750
10,000
15,000
10,000
-
35,000
1,000
-
50,000
50,000
-
-
-
75,000
-
-
3,628,747

14

THE MICHAEL BISHOP FOUNDATION

Notes to the financial statements for the year ended 5 April 2022

5
Grants paid or payable (continued)
Brought forward
Royal National College for the Blind
Royal Northern College of Music
Royal Society of Musicians
Saltdean Lido Trust
Shakespeare Birthplace Trust
SPEAK Suicide Prevention Charity
Suicide Charity
The Branch
The British Council Table
The English Heritage Trust
The English National Opera Trust		 2022
£
1,767,753
-
25,000
750
-
-
-
2,500
150,000
10,000
1,000,000
50,000
3,006,003		 2021
£
3,628,747
25,000
25,000
-
100,000
50,000
500
-
-
-
-
-
3,829,247

These were in addition to the following grants paid as part of multi-year commitments, already accounted for in previous years' Financial Statements:

Alford House
Alzheimer's Research Trust
Baker Dearing Educational Trust
Birmingham Royal Ballet
British Council
British Red Cross
Broughton House
Buxton International Festival
D’Oyly Carte Opera Trust Ltd.
D’Oyly Carte
Exeter Northcott Theatre
Glendonbrook Foundation
Governor Phillip Scholarship
Just Like Us
Manchester Foundation Trust
Margaret Thatcher Scholarship Trust
Pitzhanger Manor and Gallery Trust
Prince's Trust
Prospect Cottage
Royal Collection
Stockdales
The Attingham Trust		 50,000
110,000
75,000
100,000
280,000
75,000
62,500
10,000
83,333
60,000
75,000
250,500
61,210
25,000
20,000
74,363
35,000
300,000
50,000
125,000
33,000
7,500
1,962,406

15

THE MICHAEL BISHOP FOUNDATION

Notes to the financial statements for the year ended 5 April 2022

6
Support costs
2022
£
Audit fees
1,836
Legal fees
6,250
Accountancy and tax fees
11,491
Other admin costs
562
Bank charges
900
Staff Costs
28,775
49,814
7
Investments
Marketable investments
i) Net movement in market value of marketable investments
Market value at 6 April 2021
Cost of investment additions
Less: Disposals proceeds
Net gain on investments (realised and unrealised)
Cash held in investment portfolios
Market value at 5 April 2022
ii) Marketable investments
2022
2022
Cost
Valuation
£
£
Fixed interest
8,211,199
8,291,021
UK equities
4,680,602
5,625,804
European Equities
2,335,751
2,694,073
North American Equities
10,732,484
17,988,307
Far East and Emerging Markets Equities
1,570,309
1,905,342
UK unit trusts
1,010,738
1,133,970
European unit trusts
525,114
993,578
North American unit trusts and ETFs
1,402,949
1,987,184
Hedge Funds
1,089,953
1,462,635
Property
583,093
693,164
Commodity
1,012,118
1,151,818
Alternative
119,701
126,492
Cash Equivalents
-
-
Cash held in investment portfolios
4,029,972
4,029,972
37,303,983
48,083,360		 2022
£
48,083,360
£
43,723,964
14,827,511
(18,570,992)
4,072,905
4,029,972
48,083,360
2021
Cost
£
6,879,358
8,700,966
2,302,920
8,112,542
1,149,400
1,010,733
525,114
70,909
193,203
382,007
1,113,579
372,233
1,260,162
1,787,450
33,860,576		 2021
£
1,824
7,193
7,890
1,072
1,242
33,387
52,608
2021
£
45,511,414
£
31,194,415
10,433,120
(7,600,286)
9,696,715
1,787,450
45,511,414
2021
Valuation
£
7,203,585
10,610,045
3,118,278
15,328,795
1,692,017
1,087,139
989,895
470,730
219,639
353,263
979,741
403,802
1,267,035
1,787,450
45,511,414

16

THE MICHAEL BISHOP FOUNDATION

Notes to the financial statements for the year ended 5 April 2022

8
Debtors
2022
£
Gift Aid receivable
65,125
Interest receivable
5,536
Donations recoverable
21,570
92,231
9
Cash at bank and in hand
2022
£
Current accounts
909,873
10 Creditors: Amounts falling due within one year
2022
£
Accruals
66,921
Grants payable
1,467,719
1,534,640
11 Creditors: Amounts falling due after one year
2022
£
Accrued grants liability
2,151,288
12 Unrestricted funds
At 6 April 2021
Donations and investment income
Grants and expenditure
Realised and unrealised gains on investments and currency
At 5 April 2022		 2021
£
-
1,508
21,570
23,078
2021
£
651,086
2021
£
67,595
1,962,680
2,030,275
2021
£
1,538,826
Total
£
42,616,477
2,129,376
(3,412,194)
4,065,877
45,399,536

17

THE MICHAEL BISHOP FOUNDATION

Notes to the financial statements for the year ended 5 April 2022

13 Reconciliation of net movements in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Deduct investment income
Currency exchange gain/(loss)
Increase/(decrease) in debtors
Increase/(decrease) in creditors
 2022
£
(1,282,818)
(577,477)
(7,028)
(69,153)
116,827
(1,819,649)		 2021
£
(354,394)
(563,518)
-
76
1,220,474
302,638

14 Related parties

Lord Glendonbrook made gifts to the Charity during the year totalling £1,476,774 (2021 - £3,291,093) (see note 2).

Lord Glendonbrook and Martin Ritchie are directors of The Glendonbrook Foundation. During the year no further commitments were made to The Glendonbrook Foundation (2021 – £250,500) by the Charity.

15 Trustees' remuneration and benefits

None of the Trustees have been paid any remuneration or received any other benefits from the Charity.

16 Trustees' expenses

No Trustees' expenses were incurred in the year ended 5 April 2022 (2021: £Nil).

17 Commitments

Included within creditors and creditors due after one year are charitable commitments of £3,619,007 (2021 - £3,501,506) in relation to ABF The Soldiers Charity, Alford House, Alzheimers Research UK, Australian World Orchestra, Baker Dearing Educational Trust, British Red Cross, Broughton House, Buxton International Festival, D'Oyly Carte, The English Heritage Trust, Exeter Northcott Theatre, Governor Phillip Scholarship, International Bomber Command Centre, Margaret Thatcher Scholarship Trust, Mill Hill School McClure Tribute Concert, NSPCC, Pimlico Opera, Prospect Cottage, Queen Elizabeth Scholarship Trust, Royal Birmingham Conservatoire, Royal Collections Trust and The Branch.

18

THE MICHAEL BISHOP FOUNDATION

Appendix

Schedule of Investments

5 April 2022

19

The Michael Bishop Foundation

Tilney Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Treasury 2% I/L Stock 26/01/35
06-Apr-21 b/fwd 86,000 200,309 250,994
05-Apr-22 c/fwd 86,000 200,309 258,258 2,950
Ishares Ii Plc Usd Tips 0-5 Ucits Etf(Gbp)
06-Apr-21 b/fwd 62,500 241,518 228,500
30-Apr-21 Excess Reportable income - 5
05-Apr-22 c/fwd 62,500 241,523 247,859 854
Liontrust Fund Par Monthly Inc Bnd B
06-Apr-21 b/fwd 250,000 244,728 251,028
05-Apr-22 c/fwd 250,000 244,728 232,000 10,805
M&G Securities Ltd
06-Apr-21 b/fwd 150,000 175,333 184,050
05-Apr-22 Conversion (150,000) (175,333)
05-Apr-22 c/fwd - - - 7,332
M&G UK Inflation Linked Corp Bond PP GBP DIS
06-Apr-21 b/fwd - - -
05-Apr-22 Conversion 177,825 175,333
05-Apr-22 c/fwd 177,825 175,333 185,632 182
Royal London Utm Corp Bd Inst Inc Z
06-Apr-21 b/fwd 283,000 279,537 306,489
05-Apr-22 c/fwd 283,000 279,537 290,641 10,393
BP Ord USD0.25
06-Apr-21 b/fwd 15,000 82,081 43,470
05-Apr-22 c/fwd 15,000 82,081 57,435 2,389

1

The Michael Bishop Foundation

Tilney Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Royal Dutch Shell 'B'SHS
06-Apr-21 b/fwd 4,675 79,136 62,430
21 Sep 2021 Purchase 2,825 41,923
05-Apr-22 c/fwd 7,500 121,059 159,075 4,111
CRODA INTL ORD GBP0.10609756
06-Apr-21 b/fwd 2,355 59,935 151,144
05-Apr-22 c/fwd 2,355 59,935 189,059 2,237
Rio Tinto
06-Apr-21 b/fwd 3,300 72,709 180,840
05-Apr-22 c/fwd 3,300 72,709 201,960 22,860
Smiths Group
06-Apr-21 b/fwd - - -
21 Sep 2021 Purchase 4,000 55,801
05-Apr-22 c/fwd 4,000 55,801 55,560 1,040
Experian USD0.10
06-Apr-21 b/fwd 7,500 143,675 190,950
05-Apr-22 c/fwd 7,500 143,675 221,775 2,645
Intertek Group Ord Gbp0.01
06-Apr-21 b/fwd 1,000 52,579 57,200
05-Apr-22 c/fwd 1,000 52,579 52,860 1,058
Barratt Development
06-Apr-21 b/fwd 8,500 32,783 64,940
05-Apr-22 c/fwd 8,500 32,783 44,166 2,499
Diageo
06-Apr-21 b/fwd 4,000 75,841 120,280
05-Apr-22 c/fwd 4,000 75,841 159,180 2,902

2

The Michael Bishop Foundation

Tilney Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Brit Amer Tobacco Ord Gbp0.25
06-Apr-21 b/fwd 1,680 18,445 45,620
05-Apr-22 c/fwd 1,680 18,445 54,239 3,622
Reckitt Benck GRP
06-Apr-21 b/fwd 1,440 44,409 93,557
05-Apr-22 c/fwd 1,440 44,409 85,795 2,514
Unilever
06-Apr-21 b/fwd 2,000 43,380 80,440
29 Mar 2022 Purchase 1,000 35,264
05-Apr-22 c/fwd 3,000 78,644 106,095 2,921
Smith & Nephew
06-Apr-21 b/fwd 10,000 105,027 135,950
05-Apr-22 c/fwd 10,000 105,027 123,300 2,712
Astrazeneca
06-Apr-21 b/fwd 8,000 564,544 573,760
21 Sep 2021 Sale 1,000 85,919 70,568 15,351
22 Oct 2021 Sale 2,000 180,206 141,136 39,070
29 Mar 2022 Sale 500 50,241 35,284 14,957
05-Apr-22 c/fwd 4,500 317,556 465,030 12,449
Glaxosmithkline
06-Apr-21 b/fwd 5,945 76,085 75,953
05-Apr-22 c/fwd 5,945 76,085 101,291 4,756
HSBC
06-Apr-21 b/fwd 12,568 78,849 53,188
05-Apr-22 c/fwd 12,568 78,849 66,321 2,000
Lloyds banking
06-Apr-21 b/fwd 163,000 138,116 69,715
05-Apr-22 c/fwd 163,000 138,116 75,477 2,021

3

The Michael Bishop Foundation

Tilney Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
M&G Securities Ltd Uk Inflt Lkd Corp
06-Apr-21 b/fwd 40,000 58,784 83,760
05-Apr-22 c/fwd 40,000 58,784 86,800 -
SCHRODERS VTG SHS GBP1
06-Apr-21 b/fwd 2,500 74,801 88,675
05-Apr-22 c/fwd 2,500 74,801 81,650 2,900
Legal & General
06-Apr-21 b/fwd 32,850 59,335 93,130
05-Apr-22 c/fwd 32,850 59,335 89,582 5,854
Prudential ins.
06-Apr-21 b/fwd 6,100 32,080 94,642
05-Apr-22 c/fwd 6,100 32,080 69,144 708
Jackson Financial Inc. Class A Common Stock
06-Apr-21 b/fwd - - -
03 Dec 2021 Cash Fractions 152 (12)
14 Sep 2021 Accumulated Income - 2,971
14 Sep 2021 Sale 152 2,959 2,959 (1)
05-Apr-22 c/fwd - - - 2,971
Sage Group
06-Apr-21 b/fwd 15,000 89,252 93,750
05-Apr-22 c/fwd 15,000 89,252 109,830 2,652
BT Group
06-Apr-21 b/fwd 60,000 125,193 93,870
05-Apr-22 c/fwd 60,000 125,193 110,790 1,386
Henderson SML
06-Apr-21 b/fwd 19,250 178,064 226,380
05-Apr-22 c/fwd 19,250 178,064 193,270 4,572

4

The Michael Bishop Foundation

Tilney Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Johnson Matthey
06-Apr-21 b/fwd 2,500 54,881 75,350
10 Feb 2022 Sale 2,500 44,653 54,881 (10,228)
05-Apr-22 c/fwd - - - 1,800
Invesco Mkts III Invesco Eqqq Nasdaq
06-Apr-21 b/fwd 2,000 70,909 470,730
29 Mar 2022 Sale 250 70,354 8,864 61,491
05-Apr-22 c/fwd 1,750 62,045 487,760 1,634
Jpmorgan Am Uk Ltd Us Equity Income
06-Apr-21 b/fwd 80,000 262,871 298,800
05-Apr-22 c/fwd 80,000 262,871 349,920 6,048
Morgan Stanley Inv Us Advantage I Gbp
06-Apr-21 b/fwd 10,000 247,717 264,378
05-Apr-22 c/fwd 10,000 247,717 213,883 -
SPDR S&P US Dividend Aristocrats ETF GBP
06-Apr-21 b/fwd 7,000 301,767 330,120
30-Sep-21 Excess Reportable Income - 14
05-Apr-22 c/fwd 7,000 301,781 381,115 7,688
Baring Fd Mngrs Barings Eurp Select
06-Apr-21 b/fwd 6,000 135,800 299,220
05-Apr-22 c/fwd 6,000 135,800 279,900 3,950
Blackrock Fm Ltd European Dynamic D
06-Apr-21 b/fwd 75,000 389,314 690,675
05-Apr-22 c/fwd 75,000 389,314 713,678 -
Baillie Gifford Japanese W6 Dis
06-Apr-21 b/fwd 20,000 301,207 364,800
05-Apr-22 c/fwd 20,000 301,207 333,800 4,050
Newton Asian Income Institutional W (Bny Mellon Fd Mngr Asian Inc)
06-Apr-21 b/fwd 160,000 158,283 219,584
05-Apr-22 c/fwd 160,000 158,283 226,912 7,134

5

The Michael Bishop Foundation

Tilney Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Schroder Oriental Ord Gbp0.01
06-Apr-21 b/fwd 50,000 134,751 139,500
05-Apr-22 c/fwd 50,000 134,751 136,250 5,250
Stewart Investors Asia Pacific and Japan SUS B Inc GBP
06-Apr-21 b/fwd 128,500 105,781 351,705
05-Apr-22 c/fwd 128,500 105,781 359,517 -
FIL Inv Svcs Uk Instl Emg Mkts Acc Nav
06-Apr-21 b/fwd 139,000 206,993 306,217
05-Apr-22 Conversion (139,000) (206,993)
05-Apr-22 c/fwd - - - -
Fidelity Emerging Markets R GBP ACC
06-Apr-21 b/fwd - - -
31-Aug-21 Conversion 209,719 206,993
31-Aug-21 Accumulated Dividend - 2,338
05-Apr-22 c/fwd 209,719 209,331 259,004 2,338
Impax Enviro Mkts Ord Gbp0.10
06-Apr-21 b/fwd 50,000 189,239 221,000
05-Apr-22 c/fwd 50,000 189,239 233,000 1,400
Loomis Sayles Global Growth Equity Fund S2/A Gbp (Natixis Inv Mngrs Loomis Sayles Gbl)
06-Apr-21 b/fwd 3,785 431,802 508,205
30-Jun-21 Excess Reportable Income - 1,363
05-Apr-22 c/fwd 3,785 433,165 506,426 1,363
NB Private Equity Partners
06-Apr-21 b/fwd - - -
22 Oct 2021 Purchase 10,000 169,001
05-Apr-22 c/fwd 10,000 169,001 165,000 3,459
Greencoat UK Wind
06-Apr-21 b/fwd 176,100 201,086 227,873
05-Apr-22 c/fwd 176,100 201,086 273,836 12,644

6

The Michael Bishop Foundation

Tilney Schedule of Investments for the year ended 5 April 2022

Units
Cost
Value
Units
Cost
Units
£
£
£
Opening Balances
Acquisitions
Mayfair Capital In Prop Inc Trust For
06-Apr-21
b/fwd
429,551
382,007
353,263
05-Apr-22
c/fwd
Invesco Physical Secured Gold Lkd Nts
06-Apr-21
b/fwd
3,500
465,292
423,430
05-Apr-22
c/fwd
Jpmorgan Am Uk Ltd Gbl Macro Opps C
06-Apr-21
b/fwd
150,000
226,807
253,350
05-Apr-22
c/fwd
AHFM Defined Returns B GBP Acc (Gemcap Investment Atlantic House Defined)
06-Apr-21
b/fwd
400,000
504,050
642,360
05-Apr-22
c/fwd
Link Fund Sol Ltd Trojan X Inc
06-Apr-21
b/fwd
191,490
193,203
219,639
05-Apr-22
c/fwd
Ruffer Investment Red Ptg Prf Shs Gbp0.0001
06-Apr-21
b/fwd
170,000
392,700
487,900
05-Apr-22
c/fwd
8,782,989
11,142,804
308,668		 Proceeds
Cost
Profit/Loss
Units
£
£
£
Disposals
429,551
3,500
150,000
400,000
191,490
170,000
434,331
313,692
120,639		 Cost
Value
Income
£
£
£
Closing
382,007
419,328
17,849
465,292
497,035
-
226,807
245,550
-
504,050
691,240
-
193,203
246,945
244
392,700
524,450
5,185
8,777,965
11,718,623
210,331

7

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Fixed Interest
ISHARES II PLC CORE UK GILTS UCITS ETF GBP DIST
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 7,372 105,456
27 Oct 2021 Sale 7,372 102,502 105,456 (2,954)
05-Apr-22 c/fwd - - - -
ISHARES III PLC Core GBL AGGRG BD UCITS ETF GBP HDG DIS
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 36,791 191,681
27 Oct 2021 Purchase 36,998 190,426
02 Feb 2022 Sale 30 151 155 (5)
05-Apr-22 c/fwd 73,759 381,952 358,174 2,428
ISHARES III PLC USD TIPS 0-5 UCITS GBP DIS HDG
06-Apr-21 b/fwd - - -
27 Oct 2021 Purchase 43,183 220,575
02 Feb 2022 Sale 17 86 87 (1)
05-Apr-22 c/fwd 43,166 220,488 220,751 -
ISHARES GBP CORP BD 0-5 UCITS ETF GBP DIST
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 876 93,820
26 Oct 2021 Purchase 1,049 110,558
05-Apr-22 c/fwd 1,925 204,378 196,081 2,304
ISHARES III PLC JP MORGAN EM LOCAL GOVT BD UCITS ETF GBP
06-Apr-21 b/fwd 1,628 73,923 64,788
06 Apr 2021 Purchase 370 14,820
19 Jul 2021 Sale 1,998 79,831 88,785 (8,954)
31 Dec 2021 Accumulated Income - 43
05-Apr-22 c/fwd - - - 1,792

1

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
ISHARES VI PLC GBL HIGH YLD CORP BOND GBP HGD DIST
06-Apr-21 b/fwd 738 71,446 72,335
02 Jun 2021 Purchase 48 4,672
19 Jul 2021 Sale 786 76,580 76,118 462
05-Apr-22 c/fwd - - - 1,405
Legal & General - Global Inflation Linked Bond Index
06-Apr-21 b/fwd 125,125 65,767 71,309
19 Jul 2021 Sale 124,996 73,372 65,767 7,606
05-Apr-22 c/fwd - - - 703
Legal & General All Stocks Gilt Index Trust
06-Apr-21 b/fwd 89,718 114,725 114,749
30-Apr-21 Stock Conversion -
26 May 2021 Dividend Equalisation - (39)
20 Jul 2021 Sale 30,107 40,042 38,486 1,557
27 Oct 2021 Sale 59,611 76,273 76,200 73
05-Apr-22 c/fwd - - - 423
Legal & General All Stocks Index Linked Gilt Index
06-Apr-21 b/fwd 57,800 72,219 75,661
20 Jul 2021 Sale 57,466 82,062 72,219 9,843
05-Apr-22 c/fwd - - - 1,329
db x-trackers II Global Government Bond
06-Apr-21 b/fwd 4,257 118,524 120,702
19 Jul 2021 Sale 4,257 121,047 118,524 2,523
05-Apr-22 c/fwd - - - 1,928
BLACKROCK FUND MANAGERS LTD ISHARES CORPORATE BOND INDEX UK D DIS
06-Apr-21 b/fwd 67,625 90,754 92,647
30 Apr 2021 Dividend Equalisation - (25)
20 Jul 2021 Sale 67,625 95,081 90,729 4,353
05-Apr-22 c/fwd - - - 300

2

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
BLACKROCK FUND MANAGERS LTD ISHARES O/S CORPORATE BD INDEX UK D ACC
06-Apr-21 b/fwd 96,940 155,629 155,977
30 Apr 2021 Accumulated Income - 1,839
07 Apr 2021 Purchase 9,303 15,126
20 Jul 2021 Sale 106,243 179,550 172,595 6,955
05-Apr-22 c/fwd - - - 1,839
iShares Core GBP Corp Bond UCITS ETF
06-Apr-21 b/fwd 522 76,595 79,503
02 Jun 2021 Purchase 76 11,640
19 Jul 2021 Purchase 68 10,628
31 Aug 2021 Accumulated Income - 0
27 Oct 2021 Sale 666 100,452 98,863 1,589
05-Apr-22 c/fwd - - - 992
Far East and Emerging Markets Equities
Amundi Index Solutions MSCI AC Far East Ex JAP IG GBP DIS UNHDG
06-Apr-21 b/fwd - - -
21 Jul 2021 Purchase 203 210,771
28 Oct 2021 Purchase 1 1,031
04 Feb 2022 Sale 66 60,433 67,997 (7,564)
31 Mar 2022 Accumulated Income - 14
05-Apr-22 c/fwd 139 143,819 121,156 2,431
AMUNDI ASSET MANAGEMENT LYXOR CORE MSCI JAPAN DR UCITS ETF JPY
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 12,415 146,201
07 Sep 2021 Sale 12,415 157,738 146,201 11,537
05-Apr-22 c/fwd - - - -
ISHARES VII PLC ISHARES MSCI EM ASIA UCITS ETF USD (ACC)
06-Apr-21 b/fwd - - -
26 Oct 2021 Purchase 327 47,058
05-Apr-22 c/fwd 327 47,058 42,657 -

3

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Multi Units Luxembourg Lyxor Core MSCI Japan - D Hedged GBP
06-Apr-21 b/fwd - - -
07 Sep 2021 Purchase 11,380 146,311
26 Oct 2021 Sale 200 2,536 2,571 (35)
02 Feb 2022 Sale 1,801 21,848 23,155 (1,307)
05-Apr-22 c/fwd 9,379 120,585 115,437 -
BLACKROCK FUND MANAGERS LTD ISHARES EMG MKTS EQUITY INDEX UK D ACC
06-Apr-21 b/fwd 43,339 71,294 85,725
30 Apr 2021 Accumulated Income - 300
20 Jul 2021 Sale 43,339 85,898 71,594 14,304
05-Apr-22 c/fwd - - - 607
Legal & General Pacific Index Trust
06-Apr-21 b/fwd 33,427 35,020 43,990
30-Apr-21 Stock Conversion 25 -
20 Jul 2021 Sale 33,451 45,059 35,020 10,039
05-Apr-22 c/fwd - - - 432
Legal & General Japan Index Trust
06-Apr-21 b/fwd 99,752 52,815 60,460
20 Jul 2021 Sale 99,752 59,951 52,815 7,137
05-Apr-22 c/fwd - - - -
European Equities
Legal & General European Index Trust
06-Apr-21 b/fwd 47,739 130,620 153,432
20 Jul 2021 Sale 44,294 152,283 121,196 31,087
03 Jun 2021 Sale 3,444 11,769 9,424 2,345
05-Apr-22 c/fwd - - - -
ISHARES VII PLC ISHARES MSCI EMU UCITS ETF EUR
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 1,208 145,273
31 Jan 2022 Excess Reportable Income - 2,578
02 Feb 2022 Purchase 6 748
08 Mar 2022 Sale 1,214 126,295 148,599 (22,304)
05-Apr-22 c/fwd - - - 2,578

4

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
North American equities
ISHARES III Plc ISHARES S&P Smallcap 600 UCITS ETF USD
06-Apr-21 b/fwd - - -
07 Sep 2021 Purchase 988 65,161
27 Oct 2021 Sale 38 2,516 2,506 10
05-Apr-22 c/fwd 950 62,655 64,040 314
ISHARES II PLC USD TIPS UCITS ETF GBP DIS HEDGED
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 12,659 70,726
27 Oct 2021 Sale 12,659 71,807 70,726 1,081
05-Apr-22 c/fwd - - - 181
ISHARES V PLC S&P 500 GBP HEDGED UCITS ETF ACC
06-Apr-21 b/fwd - - -
07 Sep 2021 Purchase 1,385 143,296
27 Oct 2021 Purchase 429 44,879
05-Apr-22 c/fwd 1,814 188,176 191,259 -
ISHARES V PLC S&P US Banks UCITS ETF ACC
06-Apr-21 b/fwd - - -
02 Feb 2022 Purchase 12,420 61,499
05-Apr-22 c/fwd 12,420 61,499 58,929 -
ISHARES VII PLC ISHARES Core S&P US UCITS ETF USD ACC
06-Apr-21 b/fwd - - -
16 Mar 2022 Purchase 404 136,789
05-Apr-22 c/fwd 404 136,789 144,398 -
SSGA SPDR ETFS EUROPE I PLC SPDR S&P 400 US Mid Cap UCITS ETF USD
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 624 34,929
07 Sep 2021 Purchase 563 33,587
27 Oct 2021 Purchase 752 45,784
02 Feb 2022 Purchase 68 4,008
05-Apr-22 c/fwd 2,007 118,308 122,692 -

5

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Hanetf ICAV ICLIMA GBL Decarbon Enablers ETF USD Acc
06-Apr-21 b/fwd - - -
07 Sep 2021 Purchase 11,547 82,419
26 Oct 2021 Sale 441 3,110 3,148 (37)
02 Feb 2022 Sale 5 30 36 (6)
05-Apr-22 c/fwd 11,101 79,236 70,436 -
ISHARES IV PLC Healthcare Innovation UCITS ETF Acc
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 9,015 66,905
02 Feb 2022 Purchase 69 421
05-Apr-22 c/fwd 9,084 67,327 57,638 -
ISHARES CORE S&P 500 UCITS ETF USD DIST
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 7,724 239,244
08 Sep 2021 Sale 7,724 252,957 239,244 13,713
05-Apr-22 c/fwd - - - -
Legal & General UCITS ETF PLC L&G Battery Value-Chain GO UCITS ETF USD
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 8,687 110,951
07 Sep 2021 Sale 1,938 26,281 24,752 1,529
26 Oct 2021 Sale 119 1,648 1,520 128
02 Feb 2022 Purchase 461 6,177
05-Apr-22 c/fwd 7,091 90,856 94,282 -
Legal & General UCITS ETF PLC L&G Battery ISE Cyber Security GO UCITS ETF USD
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 4,165 75,015
27 Oct 2021 Purchase 76 1,472
05-Apr-22 c/fwd 4,241 76,487 79,404 -
Legal & General UCITS ETF PLCROBO Global Rob&Auto GO UCITS ETF USD
06-Apr-21 b/fwd - - -
27 Oct 2021 Purchase 3,243 63,449
05-Apr-22 c/fwd 3,243 63,449 57,904 -

6

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Rize UCITS ICAV Sustainable Future of Food ETF GBP Acc
06-Apr-21 b/fwd - - -
02 Feb 2022 Purchase 15,985 61,738
05-Apr-22 c/fwd 15,985 61,738 63,413 -
HSBC GLOBAL ASSET MANAGEMENT UK AMERICAN INDEX C INC NAV
06-Apr-21 b/fwd 37,888 185,307 243,997
07 Apr 2021 Sale 2,311 15,228 11,304 3,924
20 Jul 2021 Sale 35,577 246,190 174,003 72,187
05-Apr-22 c/fwd - - - 2,744
Legal & General US Index Trust
06-Apr-21 b/fwd 40,869 181,982 242,356
20 Jul 2021 Sale 40,869 263,608 181,982 81,626
05-Apr-22 c/fwd - - -
iShares Global Infrastructure UCITS ETF
06-Apr-21 b/fwd 2,603 56,452 58,509
19 Jul 2021 Sale 2,603 60,508 56,452 4,056
05-Apr-22 c/fwd - - - 272
UK Equity
Amundi Index Solutions Prime UK Mid Small CAP UC ETF Dr GBP DIS
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 10,159 262,508
26 Oct 2021 Sale 1,050 28,863 27,132 1,731
02 Feb 2022 Sale 851 21,726 21,990 (264)
31 Mar 2022 Excess Reportable Income - 417
05-Apr-22 c/fwd 8,258 213,803 197,160 4,698
ISHARES VII PLC Core FTSE 100 UCITS ETF GBP (Acc)
06-Apr-21 b/fwd - - -
02 Feb 2022 Purchase 461 61,100
05-Apr-22 c/fwd 461 61,100 61,175 -

7

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
FIRST TRUST GLOBAL FUNDS PLC UNITED KINGDOM ALPHADEX R UCITS ETF A
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 4,404 119,285
27 Oct 2021 Sale 4,404 123,260 119,285 3,975
05-Apr-22 c/fwd - - - -
HSBC GLOBAL ASSET MANAGEMENT UK FTSE ALL C INC NAV
06-Apr-21 b/fwd 122,549 397,685 407,721
20 Jul 2021 Sale 122,549 415,687 397,685 18,002
05-Apr-22 c/fwd - - - 6,219
Legal & General UK Index Trust
06-Apr-21 b/fwd 273,685 414,171 424,211
07 Apr 2021 Dividend Equalisation - (94)
07 Apr 2021 Sale 9,648 15,031 14,597 434
20 Jul 2021 Sale 206,660 324,456 312,670 11,786
03 Feb 2022 Purchase 276 471
05-Apr-22 c/fwd 57,653 87,280 97,607 7,633
LEGAL & GENERALUNIT TRUST MNGRS FUTURE WR CLMTE CHNG EQ FCTRS IDX I GBP
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 117,134 75,375
02 Aug 2021 Dividend Equalisation - (469)
08 Sep 2021 Sale 117,134 78,315 74,907 3,409
05-Apr-22 c/fwd - - - 253
Vanguard Funds Plc FTSE 250 UCITS ETF GBP Dis
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 8,493 290,171
26 Oct 2021 Sale 1,643 58,968 56,135 2,834
02 Feb 2022 Sale 899 31,074 30,715 358
05-Apr-22 c/fwd 5,951 203,321 195,095 4,805
VANGUARD INVESTMENT SERIES PLC U S GOVT BOND IDX GBP ACC HGD
06-Apr-21 b/fwd - - -
20 Jul 2021 Purchase 1,539 180,358
13 Oct 2021 Accumulated Income - 601
27 Oct 2021 Sale 1,539 177,949 180,959 (3,010)
05-Apr-22 c/fwd - - - 601

8

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
International
ISHARES IV PLC EDGE MSCI WRL VAL FCT UCITS ETF USD Acc
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 4,083 105,395
02 Feb 2022 Purchase 74 2,099
05-Apr-22 c/fwd 4,157 107,494 118,682 -
ISHARES V Plc Gold Producers UCITS ETF USD Acc
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 4,463 48,111
02 Feb 2022 Purchase 1,545 15,475
05-Apr-22 c/fwd 6,008 63,586 74,374 -
Alternative Investments
iShares UK Property UCITS ETF
06-Apr-21 b/fwd 10,175 58,792 57,102
19 Jul 2021 Sale 10,175 61,739 58,792 2,947
05-Apr-22 c/fwd - - - 393
iShares Listed Private Equity UCITS ETF
06-Apr-21 b/fwd 2,611 41,226 51,123
19 Jul 2021 Sale 2,611 55,232 41,226 14,006
05-Apr-22 c/fwd - - - 816
VALU-TRAC Investments Management Ltd VT Gravis UK Infrstr Inc I GBP Net Inc
06-Apr-21 b/fwd - - -
20 Jul 2021 Purchase 55,893 62,793
02 Nov 2021 Dividend Equalisation - (196)
03 Feb 2022 Purchase 269 308
05-Apr-22 c/fwd 56,162 62,905 65,372 1,030

9

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC001 Schedule of Investments for the year ended 5 April 2022

Units
Cost
Market Value
Units
Cost
Units
£
£
£
Opening Balances
Acquisitions
Goldman Sachs - SICAV I - GS Absolute
06-Apr-21
b/fwd
8,008
93,352
100,818
20 Jul 2021
Sale
3,161
03 Feb 2022
Purchase
23
294
05-Apr-22
c/fwd
Commodity
UBS ETFs plc - CMCI Composite SF UCITS
06-Apr-21
b/fwd
377
31,399
35,874
02 Jun 2021
Sale
87
19 Jul 2021
Sale
290
05-Apr-22
c/fwd
2,589,697
2,812,989
4,243,959		 Proceeds
Cost
Profit/Loss
Units
£
£
£
Disposals
40,208
36,850
3,358
4,870
9,297
7,246
2,051
30,237
24,153
6,084
-
4,166,767
3,852,571
314,196		 Cost
Value
Income
£
£
£
Closing
56,796
61,120
-
-
-
-
2,981,085
2,929,236
51,452

10

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Fixed Interest
iShares III Plc Core Gbl Aggrg BD UCITS ETF GBP HDG DIS
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 10,347 53,908
02 Feb 2022 Purchase 16,590 83,365
05-Apr-22 c/fwd 26,937 137,273 130,806 340
ISHARES II PLC USD TIPS 0-5 UCITS GBP DIS HDG
06-Apr-21 b/fwd - - -
27 Oct 2021 Purchase 19,147 97,801
02 Feb 2022 Sale 15 76 77 (0)
05-Apr-22 c/fwd 19,132 97,725 97,841 -
ISHARES II PLC USD TIPS UCITS ETF GBP DIS HEDGED
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 6,785 37,908
27 Oct 2021 Sale 6,785 38,487 37,908 579
05-Apr-22 c/fwd - - - 97
iShares Core GBP Corp Bond UCITS ETF
06-Apr-21 b/fwd 252 37,020 38,381
06 Apr 2021 Purchase 45 6,865
19 Jul 2021 Sale 42 6,551 6,206 345
31 Aug 2021 Accumulated Income - 0
02 Feb 2022 Sale 246 36,030 36,349 (319)
05-Apr-22 c/fwd 9 1,330 1,264 630
ISHARES GBP CORP BD 0-5 UCITS ETF GBP DIST
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 450 48,195
02 Feb 2022 Sale 435 45,231 46,589 (1,358)
05-Apr-22 c/fwd 15 1,607 1,528 404

1

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
iShares Emerging Markets Local GOVT Bonds
06-Apr-21 b/fwd 815 36,961 32,434
31 Dec 2021 Accumulated Income - 21
02 Jun 2021 Purchase 150 6,108
19 Jul 2021 Sale 965 38,557 43,090 (4,533)
05-Apr-22 c/fwd - - - 865
iShares Global High Yield Corp Bond GBP hedged
06-Apr-21 b/fwd 356 34,695 34,893
02 Jun 2021 Purchase 62 6,035
19 Jul 2021 Sale 418 40,726 40,730 (4)
05-Apr-22 c/fwd - - - 678
Legal & General - Global Inflation Linked
06-Apr-21 b/fwd 33,215 17,406 18,929
03 Jun 2021 Purchase 9,931 5,754
05 Aug 2021 Dividend Equalisation - (16)
19 Jul 2021 Sale 43,146 25,300 23,144 2,157
05-Apr-22 c/fwd - - - 226
Legal & General All Stocks Gilt Index Trust
06-Apr-21 b/fwd 34,545 44,359 44,183
26 May 2021 Dividend Equalisation - (20)
20 Jul 2021 Sale 14,339 19,071 18,405 667
27 Oct 2021 Sale 20,205 25,841 25,934 (93)
05-Apr-22 c/fwd - - - 158
Legal & General All Stocks Index Linked
06-Apr-21 b/fwd 13,660 16,884 17,881
20 Jul 2021 Sale 13,660 19,394 16,884 2,509
05-Apr-22 c/fwd - - - -
LEGAL & GENERALUNIT TRUST MNGRS FUTURE WR CLMTE CHNG EQ FCTRS IDX I GBP
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 153,819 98,982
02 Aug 2021 Dividend Equalisation - (615)
08 Sep 2021 Sale 153,819 102,843 98,367 4,476
05-Apr-22 c/fwd - - - 332

2

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
db x-trackers II Global Government Bond
06-Apr-21 b/fwd 1,637 45,746 46,415
19 Jul 2021 Sale 1,637 46,548 45,746 802
05-Apr-22 c/fwd - - - 742
BLACKROCK FUND MANAGERS LTD ISHARES O/S CORPORATE BD INDEX UK D ACC
06-Apr-21 b/fwd 23,716 38,136 38,160
30 Apr 2021 Accumulated Income - 474
07 Apr 2021 Purchase 4,414 7,177
20 Jul 2021 Sale 28,130 47,540 45,787 1,753
05-Apr-22 c/fwd - - - 474
VANGUARD INVESTMENT SERIES PLC U S GOVT BOND IDX GBP ACC HGD
06-Apr-21 b/fwd - - -
20 Jul 2021 Purchase 518 60,719
27 Oct 2021 Sale 518 59,908 60,921 (1,013)
13 Oct 2021 Accumulated Income - 202
05-Apr-22 c/fwd - - - 202
Far East and Emerging Markets Equities
Amundi Index Solutions MSCI AC FAR EAST EX JAP IG GBP Dis UNHDG
06-Apr-21 b/fwd - - -
21 Jul 2021 Purchase 255 263,717
28 Oct 2021 Purchase 2 1,700
04 Feb 2022 Sale 51 46,829 52,685 (5,856)
31 Mar 2022 Accumulated Income - 17
05-Apr-22 c/fwd 205 212,749 179,246 3,047
AMUNDI ASSET MANAGEMENT LYXOR CORE MSCI JAPAN DR UCITS ETF JPY
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 17,138 201,820
07 Sep 2021 Sale 17,138 217,746 201,820 15,926
05-Apr-22 c/fwd - - - -

3

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Multi Units Luxembourg Lyxor Core MSCI Japan - D Hedged GBP
06-Apr-21 b/fwd - - -
07 Sep 2021 Purchase 14,224 182,876
27 Oct 2021 Purchase 2,511 31,536
02 Feb 2022 Sale 6,062 73,539 77,668 (4,129)
05-Apr-22 c/fwd 10,673 136,745 131,363 -
BLACKROCK FUND MANAGERS LTD ISHARES EMG MKTS EQUITY INDEX UK D ACC
06-Apr-21 b/fwd 61,174 100,608 121,001
30 Apr 2021 Accumulated Income - 424
20 Jul 2021 Sale 61,174 121,246 101,032 20,215
05-Apr-22 c/fwd - - - 424
Legal & General Pacific Index Trust
06-Apr-21 b/fwd 39,129 41,359 51,493
20 Jul 2021 Sale 39,158 52,745 41,359 11,386
05 Aug 2021 Stock Conversion 29 -
05-Apr-22 c/fwd - - - 506
Legal & General Japan Index Trust
06-Apr-21 b/fwd 143,609 76,041 87,042
20 Jul 2021 Sale 143,609 86,309 76,041 10,268
05-Apr-22 c/fwd - - - -
European Equities
Legal & General European Index Trust
06-Apr-21 b/fwd 65,794 180,818 211,463
20 Jul 2021 Sale 65,794 226,200 180,818 45,382
05-Apr-22 c/fwd - - - -

4

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
North American equities
iShares Core S&P 500 UCITS ETF USD (DIST)
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 5,825 180,424
08 Sep 2021 Sale 5,825 190,766 180,424 10,342
26 Oct 2021 Purchase 5,939 197,205
02 Feb 2022 Sale 4 134 133 1
16 Mar 2022 Purchase 5,473 180,644
05-Apr-22 c/fwd 11,408 377,715 396,770 1,655
iShares III PLC iShares S&P SmallCap 600 UCITS ETF USD
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 559 34,580
07 Sep 2021 Purchase 1,214 80,066
27 Oct 2021 Purchase 537 35,609
02 Feb 2022 Purchase 82 5,213
05-Apr-22 c/fwd 2,392 155,468 161,245 764
iShares V Plc S&P 500 GBP Hedged UCITS ETF Acc
06-Apr-21 b/fwd - - -
07 Sep 2021 Purchase 1,988 205,685
27 Oct 2021 Sale 10 1,046 1,035 11
02 Feb 2022 Sale 1 104 103 1
05-Apr-22 c/fwd 1,977 204,547 208,445 -
iShares V Plc S&P US Banks UCITS ETF USD Acc
06-Apr-21 b/fwd - - -
02 Feb 2022 Purchase 12,724 63,004
05-Apr-22 c/fwd 12,724 63,004 60,371 -
SSGA SPDR ETFS Europe I Plc SPDR S&P 400 US Mid Cap UCITS ETF USD
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 1,720 96,278
07 Sep 2021 Purchase 257 15,332
02 Feb 2022 Purchase 30 1,768
05-Apr-22 c/fwd 2,007 113,379 122,692 -

5

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Hanetf ICAV Iclima GBL Decarbon Enablers ETF USD Acc
06-Apr-21 b/fwd - - -
07 Sep 2021 Purchase 4,697 33,526
26 Oct 2021 Purchase 6,998 49,549
02 Feb 2022 Sale 9 54 64 (10)
05-Apr-22 c/fwd 11,686 83,011 74,148 -
iShares IV Plc Healthcare Innocation iCITS Etf Acc
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 11,861 88,027
02 Feb 2022 Purchase 105 641
05-Apr-22 c/fwd 11,966 88,668 75,924 -
Legal & General UCITS ETF Plc L&G Battery Value-Chain GO UCITS ETF USD
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 11,351 144,976
07 Sep 2021 Sale 2,680 36,343 34,229 2,114
26 Oct 2021 Sale 1,246 17,252 15,914 1,338
02 Feb 2022 Purchase 285 3,819
05-Apr-22 c/fwd 7,710 98,651 102,512 -
Legal & General UCITS ETF Plc L&G ISE Cyber Security GO UCITS ETF USD
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 5,458 98,303
27 Oct 2021 Purchase 109 2,111
02 Feb 2022 Sale 4 68 72 (4)
05-Apr-22 c/fwd 5,563 100,342 104,155 -
Legal & General UCITS ETF Plc L&G ETF Plc ROBO Global Rob&Auto GO UCITS ETF USD
06-Apr-21 b/fwd - - -
27 Oct 2021 Purchase 4,194 82,056
05-Apr-22 c/fwd 4,194 82,056 74,884 -
Rize UCITS ICAV Sustainable Future of Food ETF GBP Acc
06-Apr-21 b/fwd - - -
02 Feb 2022 Purchase 18,844 72,780
05-Apr-22 c/fwd 18,844 72,780 74,754 -

6

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
HSBC Index Tracker Investment Funds - american index
06-Apr-21 b/fwd 51,589 253,319 332,231
20 Jul 2021 Sale 51,589 356,993 253,319 103,674
05-Apr-22 c/fwd - - - 3,979
Legal & General US Index Trust
06-Apr-21 b/fwd 55,377 247,272 328,385
20 Jul 2021 Sale 55,377 357,181 247,272 109,909
05-Apr-22 c/fwd - - - 1,800
iShares Global Infrastructure UCITS ETF
06-Apr-21 b/fwd 2,565 55,615 57,655
19 Jul 2021 Sale 2,565 59,625 55,615 4,010
05-Apr-22 c/fwd - - - 268
ISHARES VII PLC S&P 500 UCITS ETF GBP-H DIST
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 15,773 117,919
07 Sep 2021 Sale 15,773 124,986 117,925 7,061
31 Jan 2022 Accumulated Income - 6
05-Apr-22 c/fwd - - - 650
UK Equity
Amundi Index Solutions Prime UK Mid Small CAP UC ETF Dr GBP DIS
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 14,357 370,984
26 Oct 2021 Sale 2,278 62,619 58,863 3,756
02 Feb 2022 Sale 10 255 258 (3)
31 Mar 2022 Accumulated Income - 589
05-Apr-22 c/fwd 12,069 312,451 288,147 6,266
iShares VII Plc Core FTSE 100 UCITS ETF GBP (Acc)
06-Apr-21 b/fwd - - -
02 Feb 2022 Purchase 472 62,558
05-Apr-22 c/fwd 472 62,558 62,634 -

7

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
ISHARES VII PLC ISHARES MSCI EMU UCITS ETF EUR
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 1,592 191,453
26 Oct 2021 Purchase 11 1,388
31 Jan 2022 Excess Reportable Income - 3,397
02 Feb 2022 Sale 1 125 122 2
08 Mar 2022 Sale 1,602 166,659 196,115 (29,456)
05-Apr-22 c/fwd - - - 3,397
FIRST TRUST GLOBAL FUNDS PLC UNITED KINGDOM ALPHADEX R UCITS ETF A
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 6,242 169,068
27 Oct 2021 Sale 6,242 174,702 169,068 5,634
05-Apr-22 c/fwd - - - -
Fidelity Investment Funds ICVC - Index UK
06-Apr-21 b/fwd 283,824 381,657 391,819
30 Apr 2021 Accumulated Income - 9,299
07 Apr 2021 Sale 10,606 14,930 14,609 321
20 Jul 2021 Sale 273,219 387,588 376,347 11,241
05-Apr-22 c/fwd - - - 9,299
HSBC Index Tracker Investment Funds - FTSE All share
06-Apr-21 b/fwd 115,781 378,690 385,204
03 Jun 2021 Sale 3,468 11,979 11,343 636
20 Jul 2021 Sale 112,313 380,966 367,347 13,619
05-Apr-22 c/fwd - - - 5,876
Legal & General UK Index Trust
06-Apr-21 b/fwd 244,515 373,106 378,998
07 Apr 2021 Dividend Equalisation - (72)
20 Jul 2021 Sale 165,687 260,128 252,773 7,355
03 Feb 2022 Purchase 477 812
05-Apr-22 c/fwd 79,305 121,073 134,263 7,697

8

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Vanguard Funds Plc FTSE 250 UCITS ETF GBP DIS
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 11,668 398,647
26 Oct 2021 Sale 1,744 62,593 59,585 3,008
02 Feb 2022 Sale 1,475 50,983 50,395 588
05-Apr-22 c/fwd 8,449 288,667 276,989 6,734
International
iShares IV Plc Edge MSCI WRL VAL FCT UCITS ETF USD Acc
06-Apr-21 b/fwd - - -
19 Jul 2021 Purchase 6,013 155,215
27 Oct 2021 Purchase 41 1,097
02 Feb 2022 Sale 891 25,242 23,005 2,236
05-Apr-22 c/fwd 5,163 133,306 147,404 -
Alternative Investments
iShares UK Property UCITS ETF
06-Apr-21 b/fwd 10,619 61,176 59,594
19 Jul 2021 Sale 10,619 64,433 61,176 3,256
05-Apr-22 c/fwd - - - 410
iShares Listed Private Equity UCITS ETF
06-Apr-21 b/fwd 3,357 53,352 65,730
02 Jun 2021 Sale 388 8,131 6,166 1,964
19 Jul 2021 Sale 2,969 62,805 47,186 15,620
05-Apr-22 c/fwd - - - 1,050
Goldman Sachs - SICAV I - GS Absolute return
06-Apr-21 b/fwd 5,515 64,335 69,435
20 Jul 2021 Sale 5,515 70,152 64,335 5,817
05-Apr-22 c/fwd - - - -

9

The Michael Bishop Foundation

Canaccord Portfolio - LONBISMIC002 Schedule of Investments for the year ended 5 April 2022

Units
Cost
Market Value
Units
Cost
Units
£
£
£
Opening Balances
Acquisitions
Commodity
iShares V Plc Gold Producers UCITS ETF USD
06-Apr-21
b/fwd
-
-
-
19 Jul 2021
Purchase
3,089
33,299
26 Oct 2021
Purchase
4,628
49,100
02 Feb 2022
Sale
6
05-Apr-22
c/fwd
UBS ETFs plc - CMCI Composite SF UCITS
06-Apr-21
b/fwd
545
45,765
51,860
19 Jul 2021
Sale
545
05-Apr-22
c/fwd
2,584,320
2,863,186
4,431,307		 Proceeds
Cost
Profit/Loss
Units
£
£
£
Disposals
60
64
(4)
7,711
56,825
45,765
11,059
-
4,382,442
3,988,188
394,255		 Cost
Value
Income
£
£
£
Closing
82,335
95,455
-
-
-
-
3,027,440
3,002,840
58,970

10

The Michael Bishop Foundation

Veritas Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Cash Equivalent
Royal London Cash Plus
06-Apr-21 b/fwd 1,260,000 1,260,162 1,267,035
12-Aug-21 Sale 460,000 462,348 460,059 2,289
15-Sep-21 Sale 800,000 804,231 800,103 4,129
05-Apr-22 c/fwd - - - 988
Fixed Interest
BASF SE .875% 06/10/2023
06-Apr-21 b/fwd 500,000 500,750 507,118
05-Apr-22 c/fwd 500,000 500,750 492,314 4,375
CG Portfolio Fund plc - Dollar Fund
06-Apr-21 b/fwd 5,730 613,912 594,659
05-Apr-22 c/fwd 5,730 613,912 614,600 9,123
European Investment Bank Floating 1.06475% 21/05/2021
06-Apr-21 b/fwd 460,000 463,647 460,249
25-May-21 Final Maturity 460,000 460,000 463,647 (3,647)
05-Apr-22 c/fwd - - - 288
European Bank for Reconstruction & Developing Floating 1.6146% 20/11/2025
06-Apr-21 b/fwd - - -
28-Oct-21 Purchase 501,000 520,463
05-Apr-22 c/fwd 501,000 520,463 516,166 2,857
European Investment Bank .125% 14/12/2026
06-Apr-21 b/fwd - - -
17-Jun-21 Purchase 500,000 487,334
05-Apr-22 c/fwd 500,000 487,334 461,609 570
International Bank for Reconstruction & Developing .25% 23/09/2027
06-Apr-21 b/fwd - - -
03-Nov-21 Purchase 425,000 403,968
05-Apr-22 c/fwd 425,000 403,968 390,624 -

1

The Michael Bishop Foundation

Veritas Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
International Bank for Reconstruction & Developing .625% 14/07/2028
06-Apr-21 b/fwd - - -
12-Aug-21 Purchase 500,000 499,414
05-Apr-22 c/fwd 500,000 499,414 464,464 -
LVMH Moet Hennessy Louis Vuitton SE 1%
06-Apr-21 b/fwd 500,000 501,000 504,707
05-Apr-22 c/fwd 500,000 501,000 496,560 5,000
National Grid 1.25% MTN 06/10/2021
06-Apr-21 b/fwd 400,000 410,933 509,631
06-Oct-21 Final Maturity 400,000 511,880 410,933 100,947
05-Apr-22 c/fwd - - - 6,369
Tesco 5% MTN 24/03/2023
06-Apr-21 b/fwd 400,000 429,371 435,738
05-Apr-22 c/fwd 400,000 429,371 409,800 20,000
Unliver PLC 1.375% 15/09/2024
06-Apr-21 b/fwd 300,000 307,774 310,428
05-Apr-22 c/fwd 300,000 307,774 295,275 4,125
United Kingdom Gilt 0.5%
06-Apr-21 b/fwd 800,000 798,296 805,711
05-Apr-22 c/fwd 800,000 798,296 799,840 4,000
United Kingdom Gilt .625% 07/06/2025
06-Apr-21 b/fwd 700,000 705,006 711,170
05-Apr-22 c/fwd 700,000 705,006 683,970 4,375
United Kingdom Gilt 1.875% 22/11/2022
06-Apr-21 b/fwd 250,000 321,603 393,564
05-Apr-22 c/fwd 250,000 321,603 415,474 6,893
US Treasury Inflation Indexed Bond 0.125% 15/01/2023
06-Apr-21 b/fwd 300,000 192,650 258,530
05-Apr-22 c/fwd 300,000 192,650 287,155 323

2

The Michael Bishop Foundation

Veritas Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
US Treasury Inflation Indexed Bond 0.125% 15/04/2025
06-Apr-21 b/fwd 325,000 264,534 258,379
05-Apr-22 c/fwd 325,000 264,534 280,835 306
Equities
Accenture PLC
06-Apr-21 b/fwd 4,950 530,646 991,363
14-Sep-21 Sale 450 111,627 48,241 63,387
21-Sep-21 Sale 500 123,329 53,601 69,728
26-Nov-21 Sale 660 177,410 70,753 106,657
05-Apr-22 c/fwd 3,340 358,052 855,579 8,619
Align Technology Inc
06-Apr-21 b/fwd 1,910 310,489 750,011
14-Sep-21 Sale 210 109,697 34,138 75,560
21-Sep-21 Sale 100 52,797 16,256 36,541
24-Sep-21 Sale 500 259,214 81,280 177,934
19-Jan-22 Purchase 240 91,638
07-Feb-22 Purchase 280 103,256
05-Apr-22 c/fwd 1,620 373,709 536,502 -
Alphabet Inc Cap Stk Cl A
06-Apr-21 b/fwd 700 124,140 1,046,497
14-Sep-21 Sale 150 312,644 26,601 286,042
21-Sep-21 Sale 80 165,645 14,187 151,457
08-Oct-21 Sale 300 599,147 53,203 545,944
05-Apr-22 c/fwd 170 30,148 359,077 -
Amazon.com Inc
06-Apr-21 b/fwd - - -
08-Oct-21 Purchase 140 332,160
23-Mar-22 Purchase 35 85,508
05-Apr-22 c/fwd 175 417,669 433,269 -
Amphenol Corp
06-Apr-21 b/fwd 13,720 419,766 658,107
29-Nov-21 Sale 5,620 354,192 171,945 182,247
05-Apr-22 c/fwd 8,100 247,821 463,674 4,698

3

The Michael Bishop Foundation

Veritas Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Automatic Data Processing Inc
06-Apr-21 b/fwd 4,230 464,808 580,709
05-Apr-22 c/fwd 4,230 464,808 731,146 10,523
Avery Dennison Corp
06-Apr-21 b/fwd 3,180 252,673 423,862
05-Apr-22 c/fwd 3,180 252,673 420,381 5,422
Broadridge Financial Solutions Inc
06-Apr-21 b/fwd 4,730 499,223 527,201
05-Apr-22 c/fwd 4,730 499,223 559,398 7,429
Bunzl PLC
06-Apr-21 b/fwd 19,900 443,234 462,277
05-Apr-22 c/fwd 19,900 443,234 590,632 10,846
Cerner Corp
06-Apr-21 b/fwd 16,440 796,469 856,496
24-Nov-21 Sale 1,440 78,878 69,764 9,115
18-Feb-22 Sale 3,750 252,887 181,676 71,211
22-Feb-22 Sale 3,710 249,621 179,738 69,883
23-Feb-22 Sale 3,770 253,304 182,645 70,658
24-Feb-22 Sale 3,770 253,826 182,645 71,181
05-Apr-22 c/fwd - - - 9,205
Experian PLC
06-Apr-21 b/fwd 25,400 300,260 634,238
08-Oct-21 Sale 13,000 395,965 153,676 242,289
10-Mar-22 Sale 2,150 58,546 25,416 33,130
05-Apr-22 c/fwd 10,250 121,168 302,478 7,438
Findlay Park American Fund
06-Apr-21 b/fwd - - -
15-Feb-22 Donation 3,560 464,879
24-Feb-22 Sale 3,560 458,097 464,879 (6,782)
05-Apr-22 c/fwd - - - -

4

The Michael Bishop Foundation

Veritas Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Fiserv Inc
06-Apr-21 b/fwd 7,500 447,961 647,124
13-Jul-21 Purchase 1,760 138,429
05-Apr-22 c/fwd 9,260 586,389 713,111 -
Franco-Nevada Corp
06-Apr-21 b/fwd 6,000 172,055 545,071
13-Oct-21 Purchase 1,195 119,153
09-Mar-22 Purchase 1,405 174,709
05-Apr-22 c/fwd 8,600 465,916 1,043,703 4,738
Fresenius Medical Care AG & Co KGaA
06-Apr-21 b/fwd 10,000 636,645 535,473
05-Apr-22 c/fwd 10,000 636,645 514,044 8,538
Hasbro Inc
06-Apr-21 b/fwd 10,170 566,024 708,627
05-Apr-22 c/fwd 10,170 566,024 632,646 17,123
Infineon Technologies AG
06-Apr-21 b/fwd 28,755 492,379 888,922
25-Nov-21 Sale 3,755 132,352 64,298 68,055
21-Mar-22 Purchase 9,655 245,018
05-Apr-22 c/fwd 34,655 673,100 907,109 4,155
Inuit inc
06-Apr-21 b/fwd 1,210 336,072 335,980
10-Mar-22 Purchase 170 57,473
05-Apr-22 c/fwd 1,380 393,545 503,781 1,901
Intuitive Surgical Inc
06-Apr-21 b/fwd - - -
24-Jan-22 Purchase 1,340 299,358
28-Jan-22 Purchase 430 88,189
05-Apr-22 c/fwd 1,770 387,547 405,797 -

5

The Michael Bishop Foundation

Veritas Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Kerry Group PLC
06-Apr-21 b/fwd 3,300 302,746 300,367
05-Apr-22 c/fwd 3,300 302,746 282,073 1,888
Kuehne + Nagel International AG
06-Apr-21 b/fwd 2,210 253,172 440,490
06-Apr-21 Exchange (90) -
26-May-21 Sale 155 36,048 17,756 18,291
27-May-21 Sale 85 19,845 10,183 9,661
11-Oct-21 Sale 800 186,864 91,465 95,399
05-Apr-22 c/fwd 1,080 133,767 234,647 4,887
Laboratory Corp of America Holdings
06-Apr-21 b/fwd 5,030 452,251 930,078
21-Sep-21 Sale 730 158,241 65,635 92,606
05-Apr-22 c/fwd 4,300 386,616 861,061 -
Marsh & McLennan Cos Inc
06-Apr-21 b/fwd 4,640 413,577 409,704
05-Apr-22 c/fwd 4,640 413,577 600,594 5,959
Mastercard Inc
06-Apr-21 b/fwd 3,310 191,711 855,041
05-Apr-22 c/fwd 3,310 191,711 898,827 3,710
Microsoft Corp com Stk
06-Apr-21 b/fwd 5,850 113,455 999,783
09-Jul-21 Sale 1,660 335,939 32,194 303,744
08-Oct-21 Sale 905 191,057 17,552 173,506
26-Nov-21 Sale 350 87,777 6,788 80,989
05-Apr-22 c/fwd 2,935 56,922 686,788 5,907
Next PLC
06-Apr-21 b/fwd 4,650 369,801 365,769
08-Jul-21 Purchase 303 24,067
09-Jul-21 Purchase 392 31,372
12-Jul-21 Purchase 515 40,250
08-Feb-22 Purchase 1,765 129,351
05-Apr-22 c/fwd 7,625 594,840 459,940 15,822
6

The Michael Bishop Foundation

Veritas Schedule of Investments for the year ended 5 April 2022

Opening Balances Opening Balances Opening Balances Acquisitions Acquisitions Disposals Closing
Units Cost Market Value Units Cost Units Proceeds Cost Profit/Loss Units Cost Value Income
£ £ £ £ £ £ £ £ £
Northern Trust Corp
06-Apr-21 b/fwd - - -
15-Feb-22 Donation 1,600 143,931
05-Apr-22 c/fwd 1,600 143,931 141,535 726
Roche Holdings AG Genusscheine NPV
06-Apr-21 b/fwd 2,500 278,031 588,131
05-Apr-22 c/fwd 2,500 278,031 756,200 12,334
Synopsys Inc
06-Apr-21 b/fwd - - -
02-Jul-21 Purchase 550 110,418
06-Jul-21 Purchase 850 171,285
05-Apr-22 c/fwd 1,400 281,703 354,538 -
Taiwan Semiconductor Manufacturing
06-Apr-21 b/fwd 9,780 134,547 841,428
02-Jul-21 Sale 4,660 403,909 64,109 339,799
05-Apr-22 c/fwd 5,120 70,438 405,392 7,876
Thermo Fisher Scientific Inc
06-Apr-21 b/fwd 2,700 325,579 894,374
21-Sep-21 Sale 300 133,116 36,175 96,940
05-Oct-21 Sale 400 168,041 48,234 119,807
05-Apr-22 c/fwd 2,000 241,170 898,075 1,623
Tractor Supply Co
06-Apr-21 b/fwd 4,000 308,509 513,807
05-Apr-22 c/fwd 4,000 308,509 708,966 6,255
United Health Group
06-Apr-21 b/fwd 4,215 272,642 550,399
14-Sep-21 Sale 215 63,050 13,907 49,143
21-Sep-21 Sale 500 153,810 32,342 121,468
05-Apr-22 c/fwd 3,500 226,393 1,355,992 14,095

7

The Michael Bishop Foundation

Veritas Schedule of Investments for the year ended 5 April 2022

Units
Cost
Market Value
Units
Cost
Units
£
£
£
Opening Balances
Acquisitions
Unilever PLC
06-Apr-21
b/fwd
13,570
537,990
1,138,160
28-Jul-21
Sale
13,570
05-Apr-22
c/fwd
Veritas Fund PLC - Asian Fund
06-Apr-21
b/fwd
-
-
-
15-Feb-22
Donation
666
617,464
05-Apr-22
c/fwd
WisdomTree Core Physical Gold
06-Apr-21
b/fwd
3,790
571,123
468,577
06-Apr-21
Exchange
(3,790)
(571,123)
05-Apr-22
c/fwd
WisdomTree Physical Gold
06-Apr-21
b/fwd
-
-
-
06-Apr-21
Exchange
4,000
571,123
06-Apr-21
Sale
4,000
05-Apr-22
c/fwd
WisdomTree Core Physical Gold
06-Apr-21
b/fwd
-
-
-
06-Apr-21
Purchase
3,790
464,491
05-Apr-22
c/fwd
18,087,614
26,904,985
5,843,577		 Proceeds
Cost
Profit/Loss
Units
£
£
£
Disposals
548,015
537,990
10,025
-
666
-
464,102
571,123
(107,020)
-
3,790
9,587,452
5,755,136
3,832,316		 Cost
Value
Income
£
£
£
Closing
-
-
5,034
617,464
617,720
-
-
-
-
-
-
-
464,491
559,328
-
18,176,055
26,402,689
256,343

8