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|Governors||Nigel Hanbury|
|---|---|---|
|||Emma Goad|
|||Janet Beveridge|
|||Anne Scicluna|
|||Bernard Adkins|
|||Deborah Alun-Jones|
|Clerk/Secretary||David McCahearty|
|Charity number||306386|
|Principal address||11 Brigham Place|
|||Felpham|
|||Bognor Regis|
|||West Sussex|
|||PO22 7NW|
|Independent|examiner|Claire Norwood BScFCAATII|
|||Jones Avens Limited|
|||Piper House 4 Dukes Court|
|||Bognor Road|
|||Chichester|
|||West Sussex|
|||PO19 8FX|
|Bankers||Barclays Bank pic|
|||97 High Street|
|||Selsey|
|||West Sussex|
|||PO20 OQN|
|Investment|advisors|Investec Bank (UK) Limited|
|||2 Gresham Street|
|||London|
|||EC2V 7QP|
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|||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
||||Notes|R||
|Income from:||||||
|Donations
and|legacies|||30,000||
|Investments||||47,731|44,410|
|Total income||||77,731|44,410|
|Ex enditure on:||||||
|Raising funds||||17,152|17,767|
|Charitable
activities||||72,438|48,789|
|Total expenditure||||89,590|66,556|
|Net gains/(losses)||on investments||(22,153)|(178,440)|
|Net movement|in|funds||(34,012)|(200,586)|
|Fund balances|at 1 September 2022|||2,110,681|2,311,267|
|Fund balances|at|31August 2023||2,076,669|2,110,681|
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||||2023||2022||
|---|---|---|---|---|---|---|
|||Notes|||f||
|Fixed assets|||||||
|Investments||13||2,064,153||2,075,898|
|Current assets|||||||
|Debtors||15|73||||
|Cash at bank and in|hand||12,518||34,858||
||||12,591||34,858||
|Creditors: amounts|falling due within||||||
|one year||16|(75)||(75)||
|Net current assets||||12,516||34,783|
|Total assets less current liabilities||||2,076,669||2,110,681|
|Income funds|||||||
|Unrestricted
funds||||2,076,669||2,110,681|
|||||2,076,669||2,110,681|
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|Unrestricted|Total|
|---|---|
|funds||
|2023|2022|
|30,000||
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|Income|from listed investments|46,645|44,356|
|Interest|receivable|1,086|54|
|||47,731|44,410|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|17,152|17,767|
|17,152|17,767|
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|||Educational|Educational|
|---|---|---|---|
|||scholarships|scholarships|
|||2023|2022|
|||R||
|Clerk's salary||4,000|4,000|
|Clerk's travel||200|200|
|Typing||160|160|
|Postage and stationery||300|300|
|||4,660|4,660|
|Grant funding ofactivities (see note 7)||65,510|41,969|
|Share ofgovernance|costs (see note 8)|2,268|2,160|
|||72,438|48,789|
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||||Educational|Educational|
|---|---|---|---|---|
||||scholarships|scholarships|
||||2023|2022|
||||f||
|Grants|to|individuals|65,510|41,969|
||||65,510|41,969|
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|Support|c|osts|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2023Support|costs|Governance|2022|
||||costs|costs|||costs||
|||||||f|F||
|Independent||examination|||||||
|fees||||2,268|2,268||2,160|2,160|
|||||2,268|2,268||2,160|2,160|
|Analysed|between||||||||
|Charitable||activities||2,268|2,268||2,160|2,160|
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|2023|2022|
|---|---|
|Number|Number|
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||||Unrestricted|Unrestricted|Unrestricted|
|---|---|---|---|---|---|
||||funds||funds|
||||2023||2022|
|Revaluation|of|investments|(28,068)||(163,606)|
|Gain/(loss)|on|sale ofinvestments|5,915||(14,834)|
||||(22,153)||(178,440)|
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|Fixed asset investments||||
|---|---|---|---|
||Listed|Cash at|Total|
||investments|investment||
|||managers||
|Cost orvaluation||||
|At 1 September 2022|2,039,310|36,588|2,075,898|
|Additions|374,799||374,799|
|Valuation
changes|(28,068)||(28,068)|
|Increase
in portfolio cash||4,291|4,291|
|Disposals|(362,767)||(362,767)|
|At 31August 2023|2,023,274|40,879|2,064,153|
|Carrying
amount||||
|At 31August 2023|2,023,274|40,879|2,064,153|
|At 31August 2022|2,039,310|36,588|2,075,898|
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|14|Financial|in|struments|||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||||F|
||Carrying|amount of||financial assets||||
||Instruments||measured|at fair value through|profit or loss|2,023,274|2,039,310|
|15|Debtors|||||||
|||||||2023|2022|
||Amounts|falling due||within one year:||||
||Prepayments||and accrued income|||73||
|16|Creditors:|amounts||falling due within one year||||
|||||||2023|2022|
||||||||R|
||Other creditors|||||75|75|
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|17|Schedule ofInvestment
Income|||||
|---|---|---|---|---|---|
||||||2023|
||Aberdeen
Std Fd Mg ASI Gbl Infltlkd|Bd Instl S|||1,577|
||Aberdeen
Std Fd Mg ASI Sht Dur Gbl||Infltlkd Bd||1,615|
||Allianz Gbl Inv UK Gilt Yield
I Inc Nav||||978|
||Anglo American
USD0.54945||||877|
||Assura Pic Ordinary Shares||||2,505|
||AXA Investment
Man Framlington
UK|||Mid Cap|905|
||Blackrock European
Dynamic||||269|
||Bunzl Ord GBP0.32142857||||527|
||Burberry Group Ord GBP0.0005||||252|
||Compass Group Ord GBP0.1105||||505|
||Croda
Intl Ord GBP0.10609756||||362|
||Derwent
London Ord GBP0.05||||498|
||Diageo Ordinary Shares||||547|
||Experian
Ord USD0.10||||375|
||Fidelity Inv Svcs UK Money Builder Income||||1,531|
||Fundsmith
LLP Equity
I Inc Nav||||313|
||Greencoat
UK Wind Ord GBP0.01||||2,103|
||Halma Ordinary
10p||||171|
||Hermes
Investment
Global Emerging||Markets JG Sett||481|
||HSBC Holdings
PLC US$0.50 Ordinary Shares||||1,707|
||INT Public Partner Ord GBP0.0001||||1,864|
||Ishares Core S&P500||||1,501|
||Ishares GBPCorp Bd 0-5 Ucits Etf G||||1,307|
||Jupiter UT Mngrs UKSpec Situations|||I GBP (now XGBP)|1,732|
||Lvmh Moet Hennessy||||149|
||London Stock Exchange||||348|
||Man Fd Mgmt Uk Ltd GLG Underval|Ast Prof D|||1,677|
||Polar Capital Fund Global Insurance||EGBP Dis||799|
||Prudential
GBP0.05||||327|
||Relx PicGBP0.1444||||494|
||Rio Tinto PLC 10p Registered
Ordinary|||Shares|2,890|
||Royal London
Utm Sterl Credt Instl Inc Z GBP||||2,361|
||Sage Group GBP0.01051948||||582|
||Schroders Pic Ord GBP0.20||||529|
||Schroder
Inv Mgmt Asian Total Return|||C Inc Nav|1,091|
||Schroder Unit Trusts European
LAcc||Nav||728|
||Scot Mort Inv Tst Ord GBP0.05||||206|
||Shell Pic Ord EURO.07||||393|
||Threadneedle
(Lux) Gbl Corp Bd||||3,871|
||UK Commercial
Prop Ord GBP0.25||||2,395|
||UK (Govt of)0.5%Bds 31/01/29 GBP1000||||26|
||UK (Govt of)0.25% Bds 31/07/31 GBP1000||||29|
||UK (Govt of)0.625% Bds 31/07/35 GBP1000||||40|
||Unilever PLC .031111Ordinary
Shares||||988|
||Vanguard
Fund PicFTSEJapan Equity Ucits GBP||||838|
||Vanguard
Funds Pic S&P500 USD||||1,105|
||Worldwide
Healthcare
Ord GBP0.25||||277|
||||||46,645|
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|18|Schedule ofInvestments|||Units|Market Value|Costf|
|---|---|---|---|---|---|---|
||Aberdeen
Std Fd Mg ASI Gbl Infltlkd|Bd Instl S||86,720|42,649|50,044|
||Aberdeen
Std Fd Mg ASI Sht Dur Gbl||Infltlkd Bd|74,115|36,346|39,026|
||Anglo American
USD0.54945|||525|11,026|15,010|
||Aspects Ucits Funds Plc Diversified Trends P Instl|||415|72,351|50,351|
||Assura Plc Ord 10p|||79,274|36,379|46,821|
||AXA Investment
Man Framlington
UK||Mid Cap|44,725|46,917|52,951|
||Blackrock Fund Mgrs Ltd European
Dynamic Fd Inc|||13,260|35,705|19,577|
||Brown Advisory Fds US Sustainable|Growth||8,199|114,543|63,634|
||Bunzl Ord GBP0.32142857|||840|23,768|19,103|
||Compass
Group Ord GBP0.1105|||970|19,339|15,609|
||Croda
Intl Ord GBP0.10609756|||335|18,495|21,024|
||Derwent
London Ord GBP0.05|||635|11,805|11,533|
||Diageo Ord GBX28.935185|||705|22,868|6,548|
||Experian
Ord USD0.10|||785|21,686|14,626|
||Fundsmith
LLP Equity
I Inc Nav|||14,800|84,697|51,488|
||Gemcap Investment
Ahfm Defined Returns BGPB|||41,100|77,132|54,682|
||Greencoat
UK Wind Ord GPB0.01|||25,523|36,153|30,720|
||Halma
Ord 10p|||845|18,113|5,059|
||HSBC Holdings
pic US$0.50(75p) Ordinary|||3,808|22,206|14,501|
||Hermes
Investment
Global Emerging|Markets J G Sett||26,625|38,263|36,434|
||INT Public Partner Ord GBP0.0001|||24,084|31,743|39,016|
||Invesco European
Invesco EURP Eq|Inc UK||14,985|32,789|33,315|
||Invesco Physical Secured Gold Lkd Nts|||280|41,427|39,949|
||Ishares, SBP500 NAV|||2,556|91,042|18,925|
||Jupiter UT Mngrs UKSpec Situations||I GBP (now XGBP)|35,591|41,061|38,685|
||Lvmh Moat Hennessy|||32|21,439|22,513|
||London Stock Exchange Ord GBP0.06918604|||325|26,572|8,933|
||Man GLG Underval
Ast Prof D Inc Nav|||40,505|59,947|44,830|
||Polar Capital Funds Global Insurance||EGBP Dis|8,230|62,354|30,386|
||Prudential
GBP0.05|||2,115|20,437|25,550|
||Relx Plc GBP0.1444|||810|20,878|13,555|
||Rio Tinto pic 10p Registered
Ordinary|||570|27,775|13,408|
||Royal London Bd Fd RLSterling Credt||Z GBP|98,675|112,095|126,572|
||Sage Group GBP0.01051948|||3,120|30,298|21,274|
||Schroder
Inv Mgmt Asian Total Return||C Inc Nav|94|36,732|33,223|
||Schroders,
Vtg Shs GBP1,now Schroders Plc Ord|||3,529|14,531|20,476|
||Scot Mort Inv Tst Ord GBP0.05|||5,020|34,422|30,829|
||Shell Plc Ord EURO.07|||1,710|41,241|41,818|
||SSEPlc GBP0.50|||1,220|19,846|21,610|
||Threadneedle
(Lux) Gbl Corp Bd|||12,925|112,405|116,868|
||UK Commercial
Prop Ord GBP0.25|||70,439|38,002|47,428|
||UK (Govt of)0.25% Bds 31/07/31 GBP1000|||54,460|39,767|41,271|
||UK (Govt of)0.5%Bds 31/01/29 GBP1000|||24,720|20,051|20,625|
||UK (Govt of)0.625% Bds 31/07/35 GBP1000|||30,230|19,683|20,646|
||UK (Govt of) Idx/Lkd Snr 22/03/34 GBP|||12,640|20,533|20,256|
||UK (Govt of)0.125%Snr 30/01/26 GBP1000|||45,235|40,664|40,538|
||Unilever PLC ORD GBP0.031111|||530|21,427|9,660|
||Vanguard
Funds FTSEJapan Equity|GBP||1,650|42,279|35,111|
||Vanguard
Funds PlcSBP500 USD|||1,235|83,693|48,185|
||WorldWide
Healthcare
ORD GBPO .25|||8,950|27,700|4,842|
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|Units|Market|(Contin6edI|
|---|---|---|
||Value||
||2,023,274|1,649,038|
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