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2023-04-05-accounts

The de Brye Charitable Trust

Dated 13 August 1982 (Charity Commission No. 326226)

Accounts

for the year ended 5 April 2023

The de Brye Charitable Trust

Dated 13 August 1982

Trustees’ Annual Report for the year ended 5 April 2023

The trustees present their annual report and financial statements of the charity for the year ended 5 April 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Objectives and Grant Making policies:

The trust was established to make grants for charitable purposes in or outside of the UK at the trustees’ discretion. The trustees have power to pay or transfer the whole or any part of the income or capital of the trust fund to any charitable trust or body and to appoint the trust fund for charitable purposes at their discretion. In addition, the settlor requested the trustees, without imposing any legal obligation, to give consideration for the care and housing of the aged, orphans and neglected children and for aid to physically disabled children and to the blind. The trustees, in addition to the aforementioned causes, will give consideration to charitable causes relating to woodlands, forests and the supporting of wildlife.

The trustees’ general policy is to aim to distribute each year the income as it arises but from time to time they may also distribute capital. The trustees receive applications for grants and consider each one of the applications at their formal meetings. During the year, in addition to informal meetings, the trustees formally met twice.

Achievements and performance: During the year ended 5 April 2023 the trustees met the trust’s objectives by making grants totalling £89,910 as shown on page 12. The trustees plan for the future is to continue their grant making policy thus assisting the charities in fulfilling their objectives.

Financial review: Total income was £112,793.91 (2022: £104,095) with expenditure amounting to £137,961.35 (2022: £131,864). Net assets at the end of the year were £2,827,909.24 (2022: £3,086,445). The value of the investments decreased by £313,840. Investment Policy: The trustees have wide powers of investment, including power to invest in the name of nominees. The investment objective is to generate the optimum amount of income for distribution whilst at the same time investing for growth. The trustees’ investment portfolio is managed on a discretionary basis by Rathbones Investment Management. The trustees agree their strategy for asset allocation with the managers.

Public Benefit: The trustees have considered the Charity Commission’s guidance on public benefit and in accordance with that guidance they review the activities of the organisations to which they make donations to satisfy themselves that those activities meet the principles of public benefit laid down by the Commission. Reserves: The policy of the trustees is to aim to distribute all the income as it arises and not to accumulate reserves. They do use their discretion to distribute from capital from time to time. Risk management: The trustees have assessed the major risks to which the charity is exposed and are satisfied they are not exposed to any significant risks other than fluctuation in the value of their investment portfolio. They have appointed professional investment managers and review the investment performance on a regular basis.

Page 1

The de Brye Charitable Trust

Dated 13 August 1982

Trustees’ Annual Report for the year ended 5 April 2023 (continued)

Plans for the Future: The trustees plan for the future is to continue their grant making policy thus assisting the charities in fulfilling their objectives. The trustees aim to utilise the unrestricted and endowment funds to achieve this objective.

Structure, Governance and Management

Settlor: Mrs Barbara de Brye (died 18 May 1991) Name of the Charity: The de Brye Charitable Trust. On 24 October 2012 the trustees changed the name of the charity from The Stanley Smith General Charitable Trust to The de Brye Charitable Trust. The principal governing document is a Settlement dated 13 August 1982. The Trust is a private charitable trust controlled by its trustees. The number of trustees is not to be less than three or more than seven. The power of appointing new trustees is vested in the surviving trustees subsequent to the death of the settlor on 18 May 1991. If new or additional trustees are appointed they will be encouraged to receive appropriate training depending on their qualifications and experience.

Charity Registration Number : 326226

Reference and administrative information

Trustees: Alexander de Brye
Phillip Rodney Sykes
Edward Nicholas Reed
Principal Office address: Gloucester House
72 London Road
St Albans, Herts AL1 1NS
Solicitors: Macfarlanes
10 Norwich Street, London, EC4A 1BD
Reporting Accountants: Mercer & Hole Trustees Limited
Gloucester House
72 London Road
St Albans, Herts AL1 1NS
Independent Examiner: Steve Robinson FCA
Mercer & Hole LLP
72 London Road
St Albans, Herts AL1 1NS
Bankers: Lloyds Bank plc
137 North End, Croydon, Surrey, CR0 1TN
Investment Managers: Rathbones Investment Management (UK) Ltd
8 Finsbury Circus, London, EC2M 7AZ

Page 2

The de Brye Charitable Trust

Dated 13 August 1982

Trustees’ Annual Report for the year ended 5 April 2023 (continued)

Statement of Trustees’ responsibility

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Statement of Recommended Accounting Practice: Accounting and Reporting by Charities (SORP 2019), UK Accounting Standards and the Charities Act 2011 and 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.

Signed: .......................................................... on behalf of Trustees Dated: ..........................................................

Page 3

Independent Examiner’s Report to the Trustees of The de Brye Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2023 which are set out on pages 1 to 12.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Steve Robinson FCA Mercer & Hole LLP 72 London Road St Albans, Herts AL1 1NS

Page 4

The de Brye Charitable Trust Dated 13 August 1982

Statement of Financial Activities

for the year ended 5 April 2023

Notes
Income and endowments
Investment income
3
Gift-Aid donation
8
Tax reclaimable on Gift-Aid
Total income and endowments
Expenditure on
Costs of raising funds
Investment management costs
4
Charitable activities
5
Total expenditure
Net gains/(losses) on investments
6
Net Income/(expenditure) and net
movement in funds
Net Movement in Funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Expendable
Unrestricted
Endowment
Income
Funds
Funds
£
£
-
101,150.16
-
9,315.00
-
2,328.75
-
112,793.91
19,696.35
-
-
118,265.00
19,696.35
118,265.00
( 19,696.35)
( 5,471.09)
( 233,368.20)
-
( 253,064.55)
( 5,471.09)
( 253,064.55)
( 5,471.09)
3,039,520.87
46,924.01
2,786,456.32
41,452.92		 2023
2022
Total
Total
£
£
101,150.16
96,486
9,315.00
6,087
2,328.75
1,522
112,793.91
104,095
19,696.35
27,107
118,265.00
104,757
137,961.35
131,864
( 25,167.44)
( 27,769)
( 233,368.20)
120,554
( 258,535.64)
92,785
( 258,535.64)
92,785
3,086,444.88
2,993,660
2,827,909.24
3,086,445

Page 5

The de Brye Charitable Trust Dated 13 August 1982

Balance sheet

5 April 2023

Notes
Fixed assets
Listed investments at market value
6
Total fixed assets
Current Assets
Balance with investment managers
Balance at bank
Income tax recoverable
7
Dividends receivable
Current Liabilities
Donations Payable
Accountants' charges
Independent examination fees
Net current assets
Total net assets
Representing:
Expendable endowment funds
Unrestricted income funds
Total funds
9		 2023
2022
£
£
£
£
2,594,893.00
2,908,733
2,594,893.00
2,908,733
156,239.03
94,690
90,948.46
86,197
2,328.75
1,522
-
323
249,516.24
182,732
7,000.00
1,000
6,500.00
2,850
3,000.00
1,170
16,500.00
5,020
233,016.24
177,712
2,827,909.24
3,086,445
2,786,456.32
3,039,521
41,452.92
46,924
2,827,909.24
3,086,445

Approved by the trustees on ............................ and signed on their behalf by

.................................................. (Trustee).

Page 6

The de Brye Charitable Trust Dated 13 August 1982

Notes to the Accounts for the year ended 5 April 2023

1. Accounting policies

a) Basis of preparation

The Charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have therefore necessarily departed from the extant Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Statement of Recommended Practice: Accounting and Reporting by Charities effective from 1 April 2005, which has since been withdrawn.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flow.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.

b) Funds Structure

The endowment funds represent the original capital gift to the charity, plus subsequent additions to the endowment, less amounts which have been transferred to the unrestricted funds for distribution. The trustees are entitled to use the endowment in furtherance of the general objectives of the charity at their discretion, and they transfer funds from the endowment to the unrestricted funds as required.

Unrestricted funds represent the income arising from the endowment, and the trustees aim to expend the income for charitable purposes within a reasonable period of receipt.

c) Income recognition

All income is recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

Dividend income and interest from investment managers is received gross and shown gross.

d) Expenditure recognition

Liabilities are recognised as expenditure 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.

Page 7

The de Brye Charitable Trust Dated 13 August 1982

Notes to the Accounts for the year ended 5 April 2023

1. Accounting policies (continued)

d) Expenditure recognition (continued)

The trustees do not employ fundraisers and therefore the only cost of generating funds are the fees payable to the fund managers for the management and holding of the investments which produce the bulk of the charity's income.

During the year, grants were paid in June and December to third parties in the furtherance of the charitable objectives of the Trust and included on a payment basis.

No remuneration has been paid to the trustees and they have not incurred any expenses during the year.

No staff are employed by the charity.

The costs of raising funds consist of investment management costs.

e) Charitable activities

Costs of charitable activities include grants made, governance costs and administration cost in the pursuit of the charitable objects of the Trust.

f) Cash at bank

Cash at bank is held to meet the day to day running costs of the charity as they fall due.

g) Creditors

Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt.

h) Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

i) Realised gains and losses

Realised gains represent the profit by comparing the net proceeds of sale of investment with the market value of that investment as at 5 April 2022 or subsequent cost.

Unrealised gains represent the difference in market value at 5 April 2023 as compared with the market value at 5 April 2022 or subsequent cost.

Page 8

The de Brye Charitable Trust Dated 13 August 1982

Notes to the Accounts for the year ended 5 April 2023

2. Related party transactions and trustees’ expenses and remuneration

The charity’s trustees give their time freely and receive no remuneration for the work that they undertake as trustees. However, they can claim expenses to reimburse them for costs that they incur in fulfilling their duties. During the year the trustees' remuneration and re-imbursed costs were £nil (2022 : £nil).

3. Investment income
Dividends
Deposit interest
4. Cost of raising funds
Investment management charges		 2023
2022
£
£
99,352.70
96,486
1,797.46
-
101,150.16
96,486
2023
2022
£
£
19,696.35
27,107

The investment management costs are attributable to the endowment funds.

5. Charitable activities
Charitable activities
The breakdown of charitable activities is as follow:
Grants (page 12)		 2023
2022
£
£
118,265.00
104,757
2023
2022
£
£
89,910.00
89,250

The charity undertakes its charitable activities through grant making and awarded grants to a number of institutions in furtherance of its charitable activities.

Analysis of charitable expenditure :

Governance costs
Unrestricted income funds
Accountant's charges
Independent examination fees
Legal fees
Total Charitable activities		 2023
2022
£
£
13,265.00
6,900
5,775.00
2,520
9,315.00
6,087
28,355.00
15,507.00
118,265.00
104,757

Page 9

The de Brye Charitable Trust Dated 13 August 1982

Notes to the Accounts

for the year ended 5 April 2023

6. Fixed asset investments
Market value at 6 April 2022
Additions
Disposals
Net realised investment gains/(losses)
Net unrealised investment gains/(losses)
Market value at 5 April 2023
Historical cost as at 5 April 2023
7. Tax recoverable
Tax on Gift-Aid		 2023
2022
£
£
2,908,733.00
2,830,608
630,032.35
1,301,983
( 710,504.15)
( 1,344,412)
( 90,966.45)
51,767
( 142,401.75)
68,787
2,594,893.00
2,908,733
2,480,416.28
2,644,805
2023
2022
£
£
2,328.75
1,522
2,328.75
1,522

8. Gift aid donation

During the year Alexander de Brye made a donation of £9,315 to the trust (2022:£6,087). Mr Alexander de Brye is a trustee of The de Brye Charitable Trust.

9. Analysis of net assets between funds

Current year
Expendable Endowment Funds
Unrestricted Funds
Prior year
Expendable Endowment Funds
Unrestricted Funds		 Fixed
Assets
£
2,594,893.00
-
2,594,893.00
2,908,733
-
2,908,733		 Net Current
Assets
£
191,563.32
41,452.92
233,016.24
130,788
46,924
177,712		 Total
£
2,786,456.32
41,452.92
2,827,909.24
3,039,521
46,924
3,086,445

Page 10

The de Brye Charitable Trust Dated 13 August 1982

Notes to the Accounts

for the year ended 5 April 2023

10. Comparative fund split (Analysis of 2022 figures)

Notes
Income and endowments from
Investment income
3
Gift-Aid donation
Tax reclaimable on Gift-Aid
7
Total income and endowments
Expenditure on
Costs of raising funds
Investment management costs
4
Charitable activities
5
Total expenditure
Net gains/(losses) on investments
6
Net Income/(expenditure) and net
movements in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Expendable
Capital
Funds
£
-
-
-
-
27,107
-
27,107
( 27,107)
120,554
93,447
2,946,074
3,039,521		 Unrestricted
Income
Funds
£
96,486
6,087
1,522
104,095
-
104,757
104,757
( 662)
-
( 662)
47,586
46,924		 2022
Total
£
96,486
6,087
1,522
104,095
27,107
104,757
131,864
( 27,769)
120,554
92,785
2,993,660
3,086,445

Page 11

The de Brye Charitable Trust Dated 13 August 1982

Grants

for the year ended 5 April 2023

Name
Adapt Charity
Arnolfini Gallery CIO (re Garry Fabian Millers Exhibition)
Bowel Cancer UK
Bridge Care Limited
Bristol Children's Charity
Bristol Music Trust
Campaign Against Living Miserably
Cerebra
Childrens Radio Foundation UK Limited
Forever Angels UK Ltd
Helpful Hounds Assistance Dogs
Little Lives UK
Live Music for Now Limited
Medical Engineering Resource Unit
Misgav
Mission Without Borders
Off the Fence Trust Limited
Rainbow Trust Children's Charity
Rainy Day Trust
Raw Workshop
Royal National Insitute for Deaf People
Rock UK Adventure Centres Limited
Snow Buddies UK
St Andrews Hospice Limited
Teapot Trust
The Brain Tumour Charity
The Brendoncare Foundation
The Childhood Trust
The Connection at St Martin in the Fields
The Hydration Foundation
The Jubilee Sailing Trust
The Just a Drop Appeal
The Move Partnership
The Open Bionics Foundation
The Rainbow Centre for Conductive Education Limited
The Royal Society for Blind Children
The Seeing Dogs Alliance
Unicef		 £
2,500.00
3,000.00
1,000.00
2,500.00
500.00
3,000.00
3,000.00
3,210.00
5,000.00
2,500.00
2,000.00
2,000.00
2,700.00
500.00
1,000.00
1,000.00
2,000.00
5,000.00
2,000.00
3,000.00
3,000.00
2,000.00
4,000.00
2,000.00
2,500.00
1,000.00
2,000.00
5,000.00
1,000.00
2,000.00
5,000.00
2,000.00
1,000.00
2,000.00
1,000.00
3,000.00
2,000.00
2,000.00
89,910.00
£

Page 12

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Holding
Book Value
£
3i Group
5.75% Notes 3/12/2032 Gbp(Var)
28,000.00
37,862.38
03/06/2022 Interest - paid net
03/12/2022 Interest - paid net
28,000.00
37,862.38
Abrdn Oeic V
Abrdn Gbl Inflation Lkd Bd Instl S Dis
Changed from Aberdeen Standard Fund Managers Ltd Global Index Linked Bond S Instl Inc Nav on 01/08/2022
04/10/2022 Purchase
156,900.000
80,929.02
30/12/2022 Equalisation payment
(557.31)
30/12/2022 Interest - paid gross
31/03/2023 Interest - paid gross
156,900.000
80,371.71
Apax Global Alpha Ltd
Ordinary No Par Value
40,000
90,386.45
23/09/2022 Dividend - paid gross
03/04/2023 Dividend - paid gross
40,000
90,386.45		 Holding
Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£
0.00
80,929.02
(557.31)
80,371.71
0.00		 0.00
0.00
0.00		 28,910
82,231
63,520		 805.00
805.00
1,610.00
460.34
824.67
1,285.01
2,400.00
2,328.00
4,728.00

Page 13

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Bellevue Healthcare Trust Plc
Redeemable Ordinary GBP0.01
28/04/2022 Ord Stock Div - Cash
02/09/2022 Ord Stock Div - Cash
Capita Financial Managers
Trojan Income S Inc
07/06/2022 Sale
30/09/2022 Dividend - paid gross
31/03/2023 Dividend - paid gross
Capita Financial Managers
Capita Trojan X Dis
08/04/2022 Equalisation payment
31/03/2023 Dividend - paid gross
Edgewood L Select Fund
US Select Growth I D Inc (GBP)
29/04/2022 Dividend - paid gross
29/04/2022 Dividend - paid gross
21/07/2022 Sale		 Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
40,000
40,000
89,319.698
(25,380.000)
63,939.698
48,000.00000
48,000.00000
400.00
(400.00)
0.00		 76,460.00
76,460.00
153,888.89
(43,727.20)
110,161.69
61,972.80
(57.46)
61,915.34
112,213.70
(112,213.70)
0.00		 0.00
(45,201.78)
(45,201.78)
(57.46)
(57.46)
(87,928.00)
(87,928.00)		 0.00
1,474.58
1,474.58
0.00
(24,285.70)
(24,285.70)		 1,206.00
1,294.00
2,500.00
1,227.01
2,043.33
3,270.34
243.31
243.31
151.80
376.20
528.00

Page 14

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Edinburgh Investment Trust plc
25p ordinary shares
27/05/2022 Dividend - paid gross
29/07/2022 Dividend - paid gross
25/11/2022 Dividend - paid gross
24/02/2023 Dividend - paid gross
European Assets Trust Plc
Ordinary GBP0.10
29/04/2022 Dividend - paid gross
29/07/2022 Dividend - paid gross
12/08/2022 Sale
Gcp Infrastructure Investments Ltd
Ordinary GBP0.01
07/06/2022 Ord Stock Div - Cash
09/06/2022 Sale
06/09/2022 Ord Stock Div - Cash
06/12/2022 Dividend - paid gross
14/03/2023 Dividend - paid gross		 Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
24,000
24,000
66,000
(66,000)
0
89,000
(12,140)
76,860		 144,589.62
144,589.62
81,920.92
(81,920.92)
0.00
99,561.53
(13,580.64)
85,980.89		 0.00
(61,499.17)
(61,499.17)
(13,948.13)
(13,948.13)		 0.00
(20,421.75)
(20,421.75)
367.49
367.49		 157,200
0
66,484		 1,536.00
1,536.00
1,536.00
1,536.00
6,144.00
1,452.00
1,452.00
2,904.00
1,557.50
1,345.05
1,345.05
1,345.05
5,592.65

Page 15

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Goldman Sachs Group Inc
3.125% Snr Emtn 25/07/2029 Gbp1000'f-760
25/07/2022 Interest - paid net
Greencoat UK Wind Plc
Ordinary GBP0.01
27/05/2022 Dividend - paid gross
26/08/2022 Dividend - paid gross
25/11/2022 Dividend - paid gross
24/02/2023 Dividend - paid gross
Henderson Investment Funds Ltd
Fixed Interest Monthly Income Iq Gbp Inc
29/04/2022 Interest - paid gross
29/07/2022 Interest - paid gross
29/09/2022 Sale
31/10/2022 Interest - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
45,000.00
45,000.00
68,000
68,000
147,201.67000
(147,201.67000)
0.00000		 46,810.66
46,810.66
92,888.00
92,888.00
85,466.09
(85,466.09)
0.00		 0.00
0.00
(66,476.28)
(66,476.28)		 0.00
0.00
(18,989.81)
(18,989.81)		 1,406.25
1,406.25
1,312.40
1,312.40
1,312.40
1,312.40
5,249.60
850.97
985.66
899.26
2,735.89

Page 16

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Hicl Infrastructure Plc
Ordinary GBP0.0001
07/06/2022 Sale
30/06/2022 Dividend - paid gross
30/06/2022 Interest - paid gross
30/09/2022 Dividend - paid gross
30/09/2022 Interest - paid gross
30/12/2022 Dividend - paid gross
30/12/2022 Interest - paid gross
31/03/2023 Dividend - paid gross
31/03/2023 Interest - paid gross
Ishares II PLC CORE UK GILTS ETF
Ftse 100 Fund Nav
07/06/2022 Purchase
29/06/2022 Dividend - paid gross
28/09/2022 Dividend - paid gross
30/12/2022 Dividend - paid gross
Jpmorgan Asset Management UK Ltd
Emerging Markets Income C Net Inc Nav
29/04/2022 Dividend - paid gross
13/06/2022 Sale
29/07/2022 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
62,000
(5,360)
56,640
7,640
7,640
85,120.00000
(85,120.00000)
0.00000		 99,225.68
(8,578.22)
90,647.46
57,475.41
57,475.41
51,913.62
(51,913.62)
0.00		 (9,575.64)
(9,575.64)
57,475.41
57,475.41
(57,115.52)
(57,115.52)		 997.42
997.42
0.00
5,201.90
5,201.90		 88,075
57,300
0		 603.20
680.20
910.09
256.69
793.41
373.37
688.40
478.38
4,783.74
702.88
673.85
380.47
1,757.20
341.04
204.29
545.33

Page 17

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Jpmorgan Funds Ltd
US Equity Inc K GBP Net Inc Unhdg
29/04/2022 Dividend - paid gross
14/07/2022 Purchase
29/07/2022 Dividend - paid gross
31/10/2022 Equalisation payment
31/10/2022 Dividend - paid gross
31/10/2022 Dividend - paid gross
31/01/2023 Dividend - paid gross
Jpmorgan Global Growth & Income Plc
Ordinary GBP0.05
08/04/2022 Dividend - paid gross
01/07/2022 Dividend - paid gross
07/10/2022 Dividend - paid gross
06/01/2023 Dividend - paid gross
Jupiter Unit Trust Managers
UK Special Situations I Inc
07/06/2022 Purchase
30/11/2022 Equalisation payment
30/11/2022 Dividend - paid gross		 Holding Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£
85,240.24700
24,714.00000
109,954.24700
23,000
23,000
34,340.00000
34,340.00000		 58,877.93
37,169.85
(124.73)
95,923.05
106,915.50
106,915.50
72,268.53
(745.93)
71,522.60		 37,169.85
(124.73)
37,045.12
0.00
72,268.53
(745.93)
71,522.60		 0.00
0.00
0.00		 162,842
103,040
72,787		 673.40
647.82
750.11
92.75
1,088.54
3,252.62
975.20
975.20
977.50
977.50
3,905.40
425.61
425.61

Page 18

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Jupiter Unit Trust Managers
Strategic Bond Z Inc
21/07/2022 Purchase
29/09/2022 Purchase
30/09/2022 Equalisation payment
30/09/2022 Interest - paid gross
30/12/2022 Equalisation payment
30/12/2022 Interest - paid gross
30/12/2022 Interest - paid gross
31/03/2023 Interest - paid gross
Jupiter Unit Trust Managers
Japan Income Z GBP Dis
30/09/2022 Dividend - paid gross
31/03/2023 Dividend - paid gross
Maitland Institutional Services Ltd
Mi Chelverton Uk Equity Income B Shs Dis
31/05/2022 Dividend - paid gross
31/08/2022 Dividend - paid gross
30/11/2022 Dividend - paid gross
28/02/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£
73,570.00000
96,430.00000
170,000.00000
76,000.00000
76,000.00000
59,640.00000
59,640.00000		 41,986.40
51,107.90
(274.12)
(301.54)
92,518.64
68,908.74
68,908.74
70,409.39
70,409.39		 41,986.40
51,107.90
(274.12)
(301.54)
92,518.64
0.00
0.00		 0.00
0.00
0.00		 94,299
80,955
60,481		 214.46
464.45
307.23
1,173.51
2,159.65
1,000.92
984.43
1,985.35
469.25
1,373.87
925.25
639.76
3,408.13

Page 19

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Mayfair Capital Investment Mgm Ltd
The Prop Inc Tst For Charities GBP Inc
29/04/2022 Interest - paid gross
31/05/2022 Interest - paid gross
30/06/2022 Interest - paid gross
29/07/2022 Interest - paid gross
31/08/2022 Interest - paid gross
30/09/2022 Interest - paid gross
31/10/2022 Interest - paid gross
30/11/2022 Interest - paid gross
29/12/2022 Interest - paid gross
01/01/2023 Sale
31/01/2023 Interest - paid gross
Mercantile Investment Tst Plc(The)
Ordinary GBP0.025
03/05/2022 Dividend - paid gross
01/08/2022 Dividend - paid gross
01/11/2022 Dividend - paid gross
01/02/2023 Dividend - paid gross		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
91,540.26000
(91,540.26000)
0.00000
29,000
29,000		 76,660.00
(76,660.00)
0.00
75,484.85
75,484.85		 (72,490.73)
(72,490.73)
0.00		 (4,169.27)
(4,169.27)
0.00		 0
56,028		 308.65
333.81
301.65
295.34
344.13
311.57
351.98
300.08
363.62
311.34
3,222.17
826.50
391.50
391.50
391.50
2,001.00

Page 20

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Murray International Trust plc
25p ordinary shares
30/06/2022 Purchase
22/07/2022 Purchase
16/08/2022 Dividend - paid gross
18/11/2022 Dividend - paid gross
17/02/2023 Dividend - paid gross
North American Income Tst (The) Plc
Ordinary GBP0.05
13/06/2022 Dividend - paid gross
22/07/2022 Purchase
05/08/2022 Dividend - paid gross
28/10/2022 Dividend - paid gross
24/02/2023 Dividend - paid gross
Places For People Treasury Plc
2.875% Mtn 17/08/2026 GBP100000
17/08/2022 Interest - paid net
14/11/2022 Sale		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
3,260
3,536
6,796
22,400
5,600
28,000
30,000.00
(30,000.00)
0.00		 40,228.40
44,305.70
84,534.10
63,996.00
16,828.00
80,824.00
29,592.43
(29,592.43)
0.00		 40,228.40
44,305.70
84,534.10
16,828.00
16,828.00
(28,023.39)
(28,023.39)		 0.00
0.00
(1,569.04)
(1,569.04)		 91,202
77,560
0		 391.20
815.52
815.52
2,022.24
896.00
560.00
700.00
700.00
2,856.00
862.50
862.50

Page 21

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Polar Capital Global Financials Tr
Ordinary GBP0.05
07/06/2022 Sale
31/08/2022 Dividend - paid gross
28/02/2023 Dividend - paid gross
Premier Portfolio Managers
Premier Miton Uk Mlti Cap Inc B Instl In
28/04/2022 Dividend - paid gross
07/06/2022 Sale
28/07/2022 Dividend - paid gross
28/10/2022 Dividend - paid gross
27/01/2023 Dividend - paid gross
Rathbone Unit Trust Management
Global Sustainability S GBP Dis
30/06/2022 Dividend - paid gross
05/08/2022 Sale
22/08/2022 Sale		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
53,321
85,823.30
(15,561)
(25,046.35)
37,760
60,776.95
60,000.00000
113,829.43
(13,100.00000)
(24,852.76)
46,900.00000
88,976.67
51,800.00000
70,167.72
(9,800.00000)
(13,274.97)
(42,000.00000)
(56,892.75)
0.00000
0.00		 (23,966.88)
(23,966.88)
(27,889.90)
(27,889.90)
(13,230.98)
(56,842.80)
(70,073.78)		 (1,079.47)
(1,079.47)
3,037.14
3,037.14
(43.99)
(49.95)
(93.94)		 50,825
85,124
0		 906.24
774.08
1,680.32
583.86
1,866.00
1,236.57
877.22
4,563.65
347.06
347.06

Page 22

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Rathbone Unit Trust Management
High Quality Bond S Dis
30/06/2022 Interest - paid gross
30/09/2022 Interest - paid gross
30/12/2022 Interest - paid gross
31/03/2023 Interest - paid gross
Schroder Unit Trusts
Asian Income L Inc
15/09/2022 Dividend - paid gross
15/03/2023 Dividend - paid gross
Sequoia Economic Infrast Inc Fd Ltd
No Par Value
27/05/2022 Dividend - paid gross
07/06/2022 Sale
26/08/2022 Dividend - paid gross
23/09/2022 Sale		 Holding
Book Value
£		 Holding
Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
86,000.00000
86,000.00000
112,699.930
112,699.930
75,440
(17,320)
(58,120)
0		 86,254.12
86,254.12
59,439.07
59,439.07
82,683.62
(18,983.04)
(63,700.58)
0.00		 0.00
0.00
(16,895.66)
(49,395.93)
(66,291.59)		 0.00
0.00
(2,087.38)
(14,304.65)
(16,392.03)		 76,144
84,345
0		 524.60
550.40
567.60
584.80
2,227.40
2,510.39
1,577.69
4,088.08
1,178.75
908.13
2,086.88

Page 23

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Ssga Spdr Etfs Europe I Plc
S&p 500 GBP
28/06/2022 Dividend - paid gross
28/09/2022 Dividend - paid gross
30/12/2022 Dividend - paid gross
28/03/2023 Dividend - paid gross
Twentyfour Income Fund Ltd
Ordinary GBP0.01
29/09/2022 Purchase
04/11/2022 Dividend - paid gross
03/02/2023 Dividend - paid gross
United Kingdom(Government Of)
0.25% Bds 31/01/2025 GBP1000
03/10/2022 Purchase
31/01/2023 Interest - paid net		 Holding Book Value
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£		 Cost
Profit
Market Value
Net Income
(Proceeds)
(Loss)
05/04/2023
£
£
£
£
610.00000
610.00000
51,000
51,000
103,600.00
103,600.00		 123,591.56
123,591.56
51,428.40
51,428.40
94,342.47
94,342.47		 0.00
51,428.40
51,428.40
94,342.47
94,342.47		 0.00
0.00
0.00		 200,408
51,816
97,210		 689.85
713.07
702.54
663.25
2,768.71
892.50
892.50
1,785.00
129.50
129.50

Page 24

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

Evenlode Inv Mgmt Ltd
Tb Evenlode Income D Dis
29/04/2022 Dividend - paid gross
29/07/2022 Dividend - paid gross
31/10/2022 Dividend - paid gross
31/01/2023 Dividend - paid gross
Link Fund Solutions Ltd
Cf Ruffer Total Return I Inc
15/05/2022 Dividend - paid gross
15/11/2022 Dividend - paid gross
30/11/2022 Conversion out of SEDOL
Link Fund Solutions Ltd
Ruffer Total Return J Dis
30/11/2022 Conversion in
Zurich Finance(Uk)
6.625%-VAR Gtd Nts Perpetual GBP
02/10/2022 Interest - paid net
03/10/2022 Redemption of stock		 Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
70,640.300
70,640.300
12,000.000
(12,000.000)
0.000
11,943.08300
11,943.08300
36,000.00
(36,000.00)
0.00		 149,050.66
149,050.66
43,965.90
(43,965.90)
0.00
43,965.90
43,965.90
43,993.97
(43,993.97)
0.00		 0.00
(43,965.90)
(43,965.90)
43,965.90
43,965.90
(36,000.00)
(36,000.00)		 0.00
0.00
0.00
(7,993.97)
(7,993.97)		 180,175
0
45,114
0		 1,385.74
1,135.24
1,135.40
1,135.93
4,792.31
429.86
684.94
1,114.80
0.00
2,385.00
0.00
2,385.00

Page 25

The de Brye Charitable Trust

Schedule of Investments and Income

Year ended 5th April 2023

TOTAL:

Holding Book Value
£		 Cost
(Proceeds)
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£		 Profit
Market Value
Net Income
(Loss)
05/04/2023
£
£
£
2,480,416.28 (80,471.80) (83,916.45) 2,594,893
99,352.70

Page 26