| Contents | Page | |
|---|---|---|
| Auditor's report |
||
| Reference and administrative | details | |
| Trustees' Report |
5-7 | |
| Balance sheet | ||
| Statement of Financial Activities | ||
| Investments | 10-11 | |
| Investment Changes |
12 | |
| Notes to the Accounts | 13-14 |
| 309997 | 309997 | 309997 | |
|---|---|---|---|
| cjo 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 W Brandon, | MA | ||
| Dr P Brandon, | MRCGP | ||
| Mr J C Vemor-Miles | |||
| Mr I Hippisley |
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| Mr D P Qrr | |||
| Mr WE Vernor-Miles | |||
| Miss EJ Brandon | |||
| CAF Bank Ltd | |||
| 25 Kings Hill Avenue, |
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| Kings Hill | |||
| West Mailing | |||
| Kent | |||
| ME194JQ | |||
| Hunters Law LLP |
|||
| 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 |
| STATEMENT OF FINA | NCIAL | ACT | IVITIE | S for the year | ended 30th June | 2023 |
|---|---|---|---|---|---|---|
| 2022/23 | 2021/22 | |||||
| Unrestricted | Unrestricted | |||||
| INCOMING RESOURCES | Funds f |
Funds f |
||||
| Investment Income |
||||||
| Fixed Interest (gross) UK Dividends |
71,113.35 86,000.83 |
59,004.66 127,215.10 |
||||
| Overseas Dividends |
84,956.90 | 65,018.44 | ||||
| Bank deposit interest Raymond James Bank deposit interest CAF Bank |
734.06 183.60 |
0.00 2.32 |
||||
| 242,988.74 | 251,240.52 | |||||
| RESOURCES EXPENDED | ||||||
| Charitable Ex enditure |
||||||
| Educational Grants |
238,550.00 | 251,447.00 | ||||
| Other Charitable Grants |
101,000.00 | 67,000.00 | ||||
| 339,550.00 | 318,447.00 | |||||
| It/Iana ment and Administration |
Costs | |||||
| Hunters fees for the period to 20 February 23 and 30June 23 Burgess Hodgson provision for examination fees Less over provision for audit fees in 2020/21 accounts Secretarial service cost - Gloria Taviner |
17,265.60 3,000.00 0.00 4,250.00 |
14,575.80 2,940.00 -1,818.17 3,021.78 |
||||
| Raymond James management Bank charges |
fees | 30,186.76 87.50 |
32,077.32 109.50 |
|||
| 394339.86 | 369,353.23 | |||||
| THERE ARE NO PUBLICITY OR FUND-RAISING | EXPENSES | |||||
| Net Incoming/Outgoing resources |
in the | year | -151,351.12 | -118,112.71 | ||
| GAINS/LOSSES ON INVESTMENTS |
||||||
| Realised | 188,535.65 | -33,427.17 | ||||
| Unrealised | 166,806.36 | -560,667.44 | ||||
| BALANCE BROUGHT FORWARD | 8,906,638.48 | 9,618,845.80 | ||||
| BALANCE CARRIED FORWARD | 9,110,629.37 | 8,906,638.48 |
| Market Value | Market Value | ||||
|---|---|---|---|---|---|
| Income | @30/6/23 | @30/6/22 | |||
| UK Fixed Interest | L' | 6 | |||
| $1,200,000 15,000 |
Tesco 6.15'/o Sn Nts 15/11/37 US$ Pimco Global Real Return Fund |
60,463.63 10,649.72 |
939,615.03 116,550.00 |
1,030,934.09 131,400.00 |
|
| 71,113.35 | |||||
| UK Companies | |||||
| 0 0 10,800 10,768 13,460 80,000 44,000 300,000 50,000 26,124 16,400 3,000 3,000 17,000 20,000 4,500 |
Bailie Gifford Positive Change BAcc Diageo Ord 0.28 101/108p Experian Group US$0.10 GSK Ord 31.25p Haleon Pic Ord GBP0.01 Impax Enviro Markets Ord GBP0.10 Keystone Positive Ord GBP 0.10 Lloyds Banking Group Ord 0.1p M&G Pic Ord National Gdd Ord 0.12431289p Prudential Ord 5p Reckitt Benckiser Ord 10p Severn Trent Ord 0.9789 SSEOrd 50p Standard Chartered Ord US$0.50 Unilever Ord 0.031111 |
0.00 4,659.00 4,715.31 6,595.40 323.04 3,200.00 0.00 7,200.00 9,800.00 13,479.98 2,532.30 5,499.00 3,120.30 15,164.00 2,985.00 6,727.50 |
0.00 0.00 325,944.00 149,545.98 43,374.85 328,000.00 92,840.00 130,770.00 95,700.00 271,820.22 181,794.00 177,360.00 76,980.00 312,970.00 136,600.00 184,387.50 |
77,140.00 211,830.00 259,848.00 237,649.76 0.00 320,000.00 0.00 126,930.00 97,300.00 274,824.48 166624.00 185,100.00 81,570.00 274,720.00 123,720.00 167,445.00 |
|
| 86,000.83 | |||||
| Overseas Companies | |||||
| 200 26,000 2,400 3,600 7,300 1,400 800 |
Adobe Inc AIA Group Limited NPV Alphabet Inc Cap Stock "C" Class Apple inc Com NPV Australia & New Zealand Bank Group Bayer AG NPV Becton Dickinson & Co Com US$1 |
NPV | 0.00 4,201.41 0.00 2,317.82 5,906.56 2,159.95 1,995.74 |
76,960.24 206,422.73 228,468.00 549507.38 90,624.12 61,187.68 166,206.05 |
60,247.37 232,041.76 216,010.67 405,032.96 91,061.41 69,008.74 162,298.90 |
| 500 2,200 920 750 40,000 3,672 1,300 320 440 |
Deere &Co Com USD 1 Emerson Electric Com US$0.50 EssilorLuxottica Estee Lauder Com US$0.01 J P Morgan Asian Investment Trust Jardine Matheson US$0.25 Johnson &Johnson Com US$1 Kering EUR 4 L'Oreal Ord. 60.20 |
0.00 3,186.37 1,886.55 636.57 6,320.00 6,410.83 4,144.74 0.00 885.81 |
159,428.22 156,487.46 136,267.06 115,903.08 140,000.00 146,358.71 169,328.59 138,841.50 161,266.63 |
0.00 144000.53 0.00 48,201.60 147,200.00 158,823.16 189,898.70 0.00 62,364.74 |
|
| Carry forward | 10 | 40,052.35 | 6,267,509.03 | 5,753,225.87 |
| Overseas | Companies cont'd |
||||
|---|---|---|---|---|---|
| Carried forward | 40,052.35 | 6,267,509.03 | 5,753,225.87 | ||
| 0 600 3,000 2,000 550 1,800 0 2,600 1,110 3,000 660 300 5,500 460 |
LVMH Moet Hennessy SE60.30 Meta Platforms Com "A" Microsoft Corp Com US$0.00000625 Paypal Holdings Com Pepsico Inc Cap USf0.016666 Inc Com USD 0.00001 CL Pernod Ricard 61,55 Procter &Gamble Com NPV Roche Holdings AG CHF1 Royal Bank of Canada Com NPV Stryker Corp Com USD 0.10 Thermo Fisher Scientific Com USD1 Verizon Communications Com US$0.10 Walt Disney Com US$0.01 |
3,109.81 0.00 5,536.70 0.00 1,785.76 0.00 4,482.45 6,642.52 5,996.72 7,181.87 0.00 263.73 9,904.99 0.00 |
0.00 135,500.02 803,944.10 105,023.77 80,165.41 38,726.43 0.00 310,463.03 286,527.17 225,619.69 158,455.88 123,174.32 160,962.73 32,318.30 |
201,093.27 79,617.18 634,049.00 114,944.99 75,431.00 26,899.50 255,515.86 307,650.66 351,717.20 238,682.50 0.00 134,122.24 229,696.59 35,734.33 |
|
| 84,956.90 | 8,728,389.88 | 8,438,380.19 | |||
| Market Value at 30/6/2022 ofinvestments Cost of investments purchased |
sold | -766,416.46 889,619.79 |
|||
| Adjusted market value Market Value at 30/6/2023 |
8,561,563.52 8,728,389.88 |
||||
| UNREALISED GAIN to 30/6/2023 | 166,806.36 |
| INVESTMENT CHANGES in the year to 30th J | une 2023 | ||||
|---|---|---|---|---|---|
| ACQUISITION | S | Cost | |||
| 18/07/2022 18/07/2022 03/05/2023 12/05/2023 |
2,280.00 13,460.00 44,000.00 920.00 |
Alphabet inc Cap Stock "C9 Class (Bonus Shares) Haleon Pic Ord GBP0.01 * Keystone Positive Ord GBP0.10 EssiiorLuxotbca EUR 0.18 |
0.00 19,665.04 90,339.69 151,016.12 |
||
| 12/05/2023 | 220.00 | L'Creel EUR 0.20 | 82,807.23 | ||
| 12/05/2023 12/05/2023 |
320.00 500.00 |
Kering EUR 4 Deere &Co Com USD 1 |
155,624.33 152,670,35 |
||
| 12/05/2023 | 520.00 | Estee Lauder Cos Com USD 0.01 | 84,542.84 | ||
| 12/05/2023 | 660.00 | Stryker Corp Com USD 0.10 | 152,954.19 99,91999. |
||
| Sale | MV@30th | ||||
| DISPOSALS | Proceeds | June 2021 | Gain/loss | ||
| 18/07/2022 | GSK Pic Ord GBP0.01 * | 19,665.04 | 19,665.04 | ||
| 02/09/2022 | Australia & New Zealand Bank (Rights Issue Proceeds) |
1,172.29 | 1,172.29 | ||
| 03/05/2023 03/05/2023 |
6,000.00 400.00 |
Diageo Ord GBP0.28 101/108 LVMH Moat Hennessy EUR 0.30 |
219,958.66 308,909.24 |
211,830.00 201,093.27 |
8,128.66 107,815.97 |
| 03/05/2023 03/05/2023 |
1,700.00 29,000.00 |
Pemod Ricsrd EUR1.55 Baillie Gtgbrd Inv BGPostive Change |
319,064.72 86,182.16 |
255,515.86 77,140.00 |
63,548.86 9,042.16 |
| 954.952.11 | 766,4'(6A6 | 188535.65 |