| Contents | Page | |
|---|---|---|
| Auditor's report |
||
| Reference and administrative | details | |
| Trustees' Report |
3-5 | |
| Balance sheet | ||
| Statement of Financial Activities |
||
| Investments | 8-9 | |
| Investment Changes |
10 | |
| Notes to the Accounts | 11-12 |
| 309997 | 309997 | 309997 | |
|---|---|---|---|
| c/o Hunters Law LLP |
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| 9 New Square | |||
| Lincoln's Inn |
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| London | |||
| WC2A 3QN | |||
| Mrs J Nyiri, CQSW | (Chair) | ||
| Mr WBrandon, | MA | ||
| Dr P Brandon, | MRCGP | ||
| Mr J CVernor-Miles | |||
| Mr I Hippisley |
|||
| MrDPOrr | |||
| Mr W EVernor-Miles | |||
| Miss EJ Brandon | |||
| CAF Bank Ltd | |||
| 25 Kings Hill Avenue, |
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| Kings Hill |
|||
| West Mailing | |||
| Kent | |||
| ME194JQ | |||
| Hunters Law LLP |
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| 9 New Square | |||
| Lincoln's Inn |
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| London | |||
| WC2A 3QN | |||
| Raymond James |
Investment | Services Limited | |
| 1 King William | Street | ||
| London | |||
| EC4N 7AF | |||
| Burgess Hodgson | LLP | ||
| 27 New Dover | Road | ||
| Canterbury | |||
| Kent | |||
| CT1 3DN |
| 2020/21 | 2019/20 | |||||
|---|---|---|---|---|---|---|
| INCOMING RESOURCES | E | 8 | ||||
| Investment Income |
||||||
| Fixed Interest (gross) | 53,667.31 | 62,000.34 | ||||
| UK Dividends | 103,886.40 | 135,392.23 | ||||
| Overseas Dividends |
58,960.78 | 72,316.60 | ||||
| 216,514.49 | 269,709.17 | |||||
| RESOURCES EXPENDED | ||||||
| Charitable E nditure |
||||||
| Educational Grants |
260,000.00 | 257,000.00 | ||||
| Other Charitable Grants |
70,000.00 | 81,000.00 | ||||
| 330,000.00 | 338,000.00 | |||||
| Mana ement and Administration |
Costs | |||||
| Hunters accountancy and administration |
fees year | to 30/6/21 | 13,077.00 | 15,240.00 | ||
| Burgess Hodgson audit fee for |
accounts | to 30/6/19 | 0.00 | 2,709.85 | ||
| Burgess Hodgson audit fee for |
accounts | to 30/6/20 | 21.76 | 2,760.00 | ||
| Burgess Hodgson audit fee for |
accounts | to 30/6/21 | 2,781.76 | 0 | ||
| Secretarial service cost —Gloria | Taviner | 3,026.25 | 0.00 | |||
| Raymond James management | fee | 29,919.10 | 27,720.71 | |||
| Bank charges | 92.50 | 74.00 | ||||
| 378,918.37 | 386,504.56 | |||||
| THERE ARE NO PUBLICITY OR FUND-RAISING | EXPENSES | |||||
| Net Incoming/Outgoing resources |
in | the year | -162,403.88 | -116,795.39 | ||
| GAINS/LOSSES ON INVESTMENTS |
||||||
| Realised | 21,897.73 | -378,754.78 | ||||
| Unrealised | 1,145,865.27 | 688,367.63 | ||||
| BALANCE BROUGHT FORWARD | 8,613,486.68 | 8,420,669.22 | ||||
| BALANCE CARRIED FORWARD | 9,618,845.80 | 8,613,486.68 |
| INVESTMENTS as at 30t | h June 2021 | ||||
|---|---|---|---|---|---|
| Market Value | Market Value | ||||
| UK Fixed Interest $1,200,000 Tesco 6.15%Sn Nts 15/11/37 US$ |
Income f 53,667.31 |
@30/6/21 F 1,161,708.07 |
@30/6/20 F 1,238,578.69 |
||
| 53,667.31 | |||||
| UK Companies | |||||
| 29,000 | Bailie Gifford Positive Change BAcc | 0.00 | 110,374.00 | 0.00 | |
| 6,000 | Diageo Ord 0.28 101/108p | 4,225.80 | 207,660.00 | 160,890.00 | |
| 10,800 | Experian Group US$0.10 | 3,967.84 | 300,888.00 | 304,452.00 | |
| 13,460 | Glaxosmithkline Ord 25p |
10,768.00 | 191,051.24 | 220,286.36 | |
| 80,000 | Impax Enviro Markets Ord GBP 0.10 |
1,840.00 | 380,400.00 | 252,800.00 | |
| 40,000 | J P Morgan Asian Investment Trust |
7,160.00 | 203,600.00 | 159,600.00 | |
| 300,000 | Lloyds Banking Group Ord 0.1p | 1,710.00 | 140,070.00 | 93,525.00 | |
| 0 | Marston's Ord 0.07375p |
0.00 | 0.00 | 53,150.00 | |
| 50,000 | M&G Pic Ord | 9,115.00 | 114,450.00 | 83,775.00 | |
| 26,124 | National Grid Ord 0.12431289p |
12,800.76 | 240,549.79 | 258,418.60 | |
| 16,400 | Prudential Ord 5p |
1,948.32 | 225,254.00 | 199,834.00 | |
| 3,000 | Reckitt Benckiser Ord 10p | 5,238.00 | 191,910.00 | 222,960.00 | |
| 5,000 | Rio Tinto Ord 10p | 20,418.50 | 297,450.00 | 227,450.00 | |
| 3,000 | Severn Trent Ord 0.9789 | 3,020.40 | 75,030.00 | 74,370.00 | |
| 17,000 | SSEOrd 50p | 13,668.00 | 255,085.00 | 231,965.00 | |
| 20,000 | Standard Chartered Ord US$0.50 |
1,294.48 | 92,200.00 | 88,020.00 | |
| 4,500 | Unilever Ord 0.031111 |
6,711.30 | 190,372.50 | 195,975.00 | |
| 103,886.40 | |||||
| Overseas | Companies | ||||
| 200 | Adobe Inc | 0 | 84,808.38 | 70,320.74 | |
| 26,000 120 |
AIA Group Limited NPV Alphabet inc Cap Stock "C"Class |
3,266.42 0 |
233,871.79 217,768.86 |
196,294.03 137,014.22 |
|
| 4,900 | Apple Inc Com NPV | 2,969.00 | 485,923.44 | 495,015.62 | |
| 7,300 | Australia & New Zealand Bank Group NPV |
2,402.64 | 111,676.00 | 75,823.02 | |
| 1,400 | Bayer AG NPV | 1,772.45 | 61,761.52 | 83,877.82 | |
| 800 | Becton Dickinson &Co Com US$1 |
1,654.65 | 140,868.44 | 154,608.38 | |
| 0 | Clorox Co Com US$1 | 2,096.28 | 0.00 | 177,187.07 | |
| 2,200 | Emerson Electric Com US$0.50 |
2,745.16 | 153,305.00 | 110,224.78 | |
| 0 600 |
Equifax Inc Com US$1.25 Facebook Inc Com Cl "A" |
442.35 0.00 |
0.00 151,058.95 |
83,297.39 110,043.85 |
|
| 3,672 | Jardine Matheson US$0.25 |
4,520.44 | 169,948.55 | 123,796.94 | |
| 0 | Jardine Strategic Holdings US$0.05 | 120.88 | 0.00 | 26,265.84 | |
| 1,300 | Johnson &Johnson Com US$1 |
3,299.68 | 155,067.37 | 147,664.51 | |
| 400 | LVMH Mote Hennessy Vuitton SE60.30 |
2,184.31 | 227,933.73 | 142,259.79 | |
| 3,000 | Microsoft Corp Com US$0.00000625 | 4,074.74 | 588,448.25 | 493,130.43 | |
| 2,000 | Paypal Holdings Com |
0.00 | 422,101.38 | 281,454.19 | |
| 1,800 | Pinterest Inc Com USD 0.00001 CL |
0.00 | 102,896.99 | 0.00 | |
| 1,700 | Pernod Ricard 61.55 |
2,903.66 | 273,373.25 | 216,614.39 | |
| 2,600 | Procter &Gamble Com NPV | 5,219.21 | 254,015.31 | 251,102.11 | |
| 1,110 | Roche Holdings AG CHF1 |
5,070.00 | 326,667.45 | 308,122.65 | |
| 3,000 | Royal Bank of Canada Com NPV | 5,544.37 | 220,249.61 | 164,198.70 | |
| 300 | Thermo Fisher Scie Com USD1 | 38.22 | 109,580.84 | 0.00 | |
| 5,500 | Verizon Communications Com US$0.10 |
8,636.32 | 223,131.73 | 244,909.41 |
| INVESTMENTS a | s at 30th | June 2021 | ||||
|---|---|---|---|---|---|---|
| Overseas | Companies | cont'd | ||||
| 0 | Waters | Corp Com Stock US$0.01 | 0 | 0.00 | 116,568.53 | |
| 58,960.78 | ||||||
| 9,092,509.44 | 8,275,844.06 | |||||
| Market Value at 30/6/20 ofinvestments | sold | -585,779.03 | ||||
| Cost of | investments purchased |
256,579.14 | ||||
| Adjusted | market value | 7,946,644.17 | ||||
| Market Value at 30/6/21 | 9,092,509.44 | |||||
| UNREALISED GAIN to 30/6/21 | 1,145,865.27 |
| ACQUISITIONS | ACQUISITIONS | Cost | |||
|---|---|---|---|---|---|
| E | |||||
| 06/08/2020 | 1,800.00 | Pinterest Inc Com |
50,527.89 | ||
| 31/08/2020 | 4,500.00 | Apple Inc Com USD 0.00001 | 0.00 | ||
| 09/11/2020 | 130.00 | Thermo Fisher Scie Com | 49,856.96 | ||
| 17/03/2021 | 170.00 | Thermo Fisher Scie Com | 55,230.51 | ||
| 18/03/2021 | 29,000.00 | Baillie Gifford | 100,963.78 | ||
| 256,579.14 | |||||
| MV@30th | |||||
| DISPOSALS | Sale Proceeds | June 2020 | Gain/loss | ||
| 06/08/2020 | 180.00 | Apple Inc Com USD 0.00001 | 59,492.75 | 18,184.25 | 41,308.50 |
| 09/11/2020 | 100,000.00 | Marston's Ord GBP 0.07375 |
55,069.50 | 53,150.00 | 1,919.50 |
| 17/03/2021 | 600.00 | Equifax Inc Com USD1.25 | 72,988.66 | 83,297.39 | (10,308.73) |
| 17/03/2021 | 800.00 | Waters Corp Com USD0.01 | 152,862.91 | 116,568.53 | 36,294.38 |
| 17/03/2021 | 1,000.00 | Clorox Co Com USD1.00 | 134,718.25 | 177,187.07 | (42,468.82) |
| 17/03/2021 | 1,100.00 | Apple Inc Com USD 0.00001 | 96,789.05 | 111,125.96 | (14,336.91) |
| 27/04/2021 | 1,509.00 | Jardine Strategic USD 0.05 | 35,755.64 | 26,265.84 | 9,489.80 |
| 607,676.76 | 585,779.03 | 21,897.73 |