| THE CWMBRAN TRUST | ||
|---|---|---|
| CONTENTS | Page No | |
| Trust Status, Serving Trustees' & Administration details | 1 | |
| Trustees' Annual Report | 2/7 | |
| Annual Investment Report | 8/9 | |
| Independent Examiner's Report | 10 | |
| Annual accounts | ||
| 5 Year Financial performance graphs | 11 | |
| Statement o f Financial Activities | 12 | |
| Balance Sheet | 13 | |
| Cash Flow Statements −(a) Operating (b) Investment | 14 | |
| Notes to | the accounts | 15/17 |
| Supporting schedules to the accounts | ||
| 1 | Profit/(losses) on sale o f investments | 18 |
| 2 | Investments purchased | 18 |
| 3 | Capital restructuring o f investments | 18 |
| Investment by market segment & geographical graphs | 19 | |
| 4 | Listed investments held at the year−end | 20/23 |
| 5 | Investments by market segment | 24 |
| 6 | Portfolio structure by % holdings | 25 |
| **Proposed ** | Annual Budget for 2023 | 26 |
| Notice o f | Special Meeting | 27 |
| Notice of | Annual General Meeting | 28 |
| Dates acted | Current | |||
|---|---|---|---|---|
| Trustee Names | Office | if not for | term | Name of Person |
| Co−opted Trustees | Held | whole year | ends | (or body) entitled to appoint Trustees |
| M Poulton | Chairman | March 2024 | Co−opted Trustees | |
| D J Bassett | March 2025 | Co−opted Trustees | ||
| B..1 Cunningham. MBE. KSG | March 2025 | Co−opted Trustees | ||
| K L Maddox. | Secretary | March 2023 | Co−opted Trustees | |
| A Williams | March 2025 | Co−opted Trustees | ||
| Nominated Trustees | ||||
| Councillor F Cross (Ms) | March 2025 | Torfaen County Borough Council | ||
| Councillor J Gauden (Mrs) | March 2023 | Torfaen County Borough Council | ||
| Custodian Trustees For Investments | Investment Portfolio Managers | |||
| Bank o f New York Mellon, | Charles | Stanley &Company Limited | ||
| New York | (under Investment Policy Statement) | |||
| 240 Greenwich Street | 7/8 Park Place | |||
| New York 10286 USA | Cardiff CF 1 0 3DP |
| Summary o f gifts by beneficiary category | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Beneficiaries | **No ** | o f Gifts | Amount | No o f Gifts | Amount | |
| & Loans | £ | & Loans | £ | |||
| Charitable & Religious Organisations | 2 | 9,200 | 0 | 0 | ||
| Education Establishments | 2 | 18,750 | 1 | 2,000 | ||
| Arts/Entertainment | 3 | 1,150 | 2 | 18,700 | ||
| Sporting Associations | 3 | 5,573 | 0 | 0 | ||
| Local Groups for Pensioners/Disabled | 4 | 5,396 | 7 | 7,318 | ||
| Individuals | 30 | 15,180 | 20 | 10,604 | ||
| Total Gifts | 44 | 55,249 | 30 | 38,622 | ||
| Interest free loans provided | 0 | 0 | 0 | 0 | ||
| Total | 44 | 55,249 | 30 | 38,622 |
| 2022 | 2021 | Increase/ | Change | |||
|---|---|---|---|---|---|---|
| £ | £ | (decrease) | % | |||
| Total income from all sources | 118,507 | 100,187 | , | 18,320 | 18.2 | |
| Special Dividend | 8,601 | 16,000 | (7,399) | (46.2 | ||
| Total Income | 127,108 | 116,187 | 10,921 | 9.4 | ||
| Less operating expenses | 9,158 | 8,281 | (877) | (10.6) | ||
| Income available for gift aid | 117,950 | 107,906 | 10,044 | 9.3 | ||
| Charitable gifts awarded Net | 55,249 | 38,622 | 16,627 | 43.1 | ||
| Number of beneficiaries | 44 | 30 | 14 | 46.7 | ||
| Surplus income over expenditure | 62,701 | 69,285 | (6,584) | (9.5) | ||
| Operating Cash a t year end | 105;446 | 168,879 | _03,443 | (37.6) | , | |
| Amount transferred to Investments in year | 100,000 | 25,000 | 75,000 | 300.0 | ||
| From operating cash | ||||||
| Debtors a t year end | 3,383 | 3,351 | 32 | 1.0 | ||
| Creditors at year end | 6,219 | 32,321 | (26,102) | 80.8 | ||
| Net Current assets | 102,610 | 139,909 | (37,299) | (26.7) | ||
| Investments Comparable amounts | 2,679,992 | 2,773,957 | 03,965) | (3.4) | ||
| New money invested in year | 100,000 | 100,000 | 300.0 | |||
| Value o f Investments a t year end | 2,779,992 | 2,773,957 | 6,035 | 1.1 | ||
| NET WORTH OF TRUST AT YEAR END | 2,882,602 | 2,913,866 | (31,264) | 1.1 |
| Market | Number | Year End | Original | 2022 | Income | Income | |
|---|---|---|---|---|---|---|---|
| Segment | of | Market | Cost | Income | Return | Return | |
| Holdings | Valuation | on | on | ||||
| December | Market | Original | |||||
| 2022 | Value | Cost | |||||
| Number | £000 | £000 | E | % | % | ||
| Bonds | 7 | 145− | 157 | 6 | 4.1 | 3.8 | |
| FTSE 100 | 49 | 1853 | 1041 | −90− | 4.9 | 8.6 | |
| Companies | |||||||
| FTSE250 | 31 | 440 | 424 | 19 | 4.3 | 4.5 | |
| Companies | |||||||
| FTSE 350 | 4 | 65 | 71 | 2 | 3.1 | 2.8 | |
| Companies | |||||||
| Overseas | 9 | 191 | 123 | 8 | 4.2 | 6.5 | |
| companies | |||||||
| Property | 3 | 44 | 44 | 2 | 4.1 | 4.1 | |
| Funds | |||||||
| Cash | 42 | 42 | |||||
| Awaiting | |||||||
| Investment | |||||||
| Total | 103 | 2780 | 1902 | 127 | 4.6 | 6.7 | |
| FTSE | December | December | Change | % | %Trust | % | |
| INDICES | 2021 | 2022 | In Year | Change | Market | Income | |
| , | Values | ||||||
| 100 | 7385 | 7452 | 67 | 0.9 | 78.6 | 81.1 | |
| 250 | 23481 | 18853 | −4628 | −19.7 | 18.7 | 17.1 | |
| 350 | 4228 | 4114 | −114 | −2.7 | 2.7 | 1.8 | |
| All Share | 4208 | 4075 | −133 | −3.2 | 100.0 | 100.0 |
| 2,022 | 2,021 | ||
|---|---|---|---|
| Page No' | t • |
||
| INCOMING RESOURCES −All unrestricted funds | |||
| Investment Income | |||
| Gross dividends from Equities | 120,871 | 110,302 | |
| Gross Interest from Government and Corporate Bonds | 5,876 | 5,877 | |
| Incoming Resources from Investments | 20/23 | 126,747 | 116,178 |
| Interest on Operating Cash Deposits | |||
| From Lloyds Plc and CAF Bank | − 233 |
9 | |
| From Charles Stanley | 128 | 0 | |
| Incoming Resources from Operating Cash Deposits | ' 361 | 9 | |
| TOTAL INCOMING RESOURCES −All unrestricted funds | 127,108 | 116,187 | |
| RESOURCES EXPENDED −All on unrestricted funds | |||
| Investment Management Costs | 1,377 | ||
| Charitable Activities | 55,249 | 38,622 | |
| Governance Costs | |||
| Administration Charges | 4,200 | 4,200 | |
| Researching Requests for Gifts | 1,750 | ||
| Sundry Expenses | 280 | 404 | |
| Independent Examination Fee | 556, | 550 | |
| Total Governance Costs | •6;780 | 6,904 | |
| TOTAL RESOURCES EXPENDED −All on unrestricted funds | .6007 | 46,902 | |
| NET INCOMING (OUTGOING) RESOURCES BEFORE | |||
| OTHER RECOGNISED GAINS/(LOSSES) | 62,701 | 69,285 | |
| OTHER RECOGNISED GAINS AND LOSSES | |||
| Gains/(losses) on Revaluation of Investments held at year end | −107,442 | 243,689 | |
| Profit/(losses) on sale of investments in current year | 18 | 13,477 | 16,206 |
| NET MOVEMENT OF FUNDS IN THE YEAR | −31,264 | 329,180 | |
| Total Funds Brought Forward −All unrestricted funds | • 2,913,866: | 2,584,686 | |
| TOTAL UNRESTRICTED FUNDS CARRIED FORWARD | 2;882,602 | 2,913,866 |
| BALANCE SHEET −31 DECEMB | ER 2022 | |||||
|---|---|---|---|---|---|---|
| All amounts relate to unrestricted funds | 2,021 | |||||
| FIXED ASSETS (Managed by Charles Stanley) | ||||||
| Listed Investments at Market Value | 2,763,516 | |||||
| Cash on deposit awaiting Investment | 10,440 | |||||
| TOTAL FIXED ASSETS | 10/13 | 2,773,957 | ||||
| CURRENT ASSETS −• | ||||||
| Debtors | ||||||
| Interest free loans granted | 7 | |||||
| Taxation recoverable | 8 | |||||
| Amount due from Charles Stanley | 8 | 3,351 | ||||
| Total Debtors | 3,351 | |||||
| Operating Cash Deposits | ||||||
| Bank balance at Lloyds TSB Plc | 26,402 | |||||
| Bank balance at CAF Bank | 142,477 | |||||
| Total Cash at Bank | 168,879 | |||||
| TOTAL CURRENT ASSETS | ||||||
| CREDITORS: falling due within one year | ||||||
| Charitable gifts | 1 | 31,021 | ||||
| Interest free loans not paid at year end | 9 | 0 | ||||
| Amount due re: Independent Examination | 9 | 550 | ||||
| Amount due to Charles Stanley | 9 | 750 | ||||
| TOTAL CREDITORS | 32,321 | |||||
| NET CURRENT ASSETS | 139,909 | |||||
| NET ASSETS | 2,913,866 | |||||
| FUNDS OF THE CHARITY | ||||||
| CAPITAL−ACGOUNT | ;5.2 | −2,832494− | — | |||
| 1NCOME−ACCOUNT | 12 | :034: | 81,372 | |||
| — | — | |||||
| :FOTAL UNRESTRICTED FUNDS | −− | 2,913,866 | ||||
| Signed on behalf of the Trustees |
| OPERATING CASH FLOW ST | ATEMENT 2022 | |
|---|---|---|
| 2,021 | ||
| CASH GENERATED | ||
| Excess/(Deficit) o f Income over expenditure | 69,285 | |
| Investment cash withdrawn from Charles Stanley | ||
| Loans repaid/withdrawn | ||
| TOTAL CASH GENERATED | 69,285 | |
| CASH USED/(GENERATED) | ||
| Cash transferred to Charles−Stanley | for Investment | 25,000 |
| Sundry Debtors | I ncrease/(Decrease) | −1,448 |
| Tax Recoverable | Increase/(Decrease) | |
| Creditor Charitable gills | (Increase)/Decrease | −22,382 |
| Sundry Creditors | (I ncrease)/Decrease | −50 |
| Interest Free Loans Paid in Year | Increase/(Decrease) | 0 |
| TOTAL CASH USED/(GENERATED) | 1,120 | |
| NET CASH INFLOW/ (OUTFLOW) | 68,165 | |
| BANK RECONCILIATION | ||
| Opening Bank Balance 1st January | 2022 | 100,713 |
| Net cash (outflow) inflow in 2022 | 68,165 | |
| Closing Bank Balance 31 December 2022 | 168,878 |
| 2,021 | |||
|---|---|---|---|
| CASH GENERATED | Note | ||
| Investments sold at market value | 4 | 100,304 | |
| Transfers from operating cash | 000 | 25,000 | |
| TOTAL CASH GENERATED | 9.4413 | 125,304 | |
| CASH USED | |||
| Investment Purchased at cost | 5 | 134,298 | |
| Transfers to operating cash | |||
| TOTAL CASH (GENERATED)/USED | 134,298 | ||
| NET CASH INFLOW/ (OUTFLOW) | 4/5 | −8,994 | |
| CHARLES STANLEY INVESTMENT ACCOUNT | |||
| Opening Bank Balance 1st January 2022 | 40. | 19,435 | |
| Net cash (outflow) inflow in 2022 | −8,994 | ||
| Closing Bank Balance 31 December 2022 | 05.4: | 10,440 |
| te | Company/Investment | Quantity Changes |
Values ,ai Cost £.; |
|---|---|---|---|
| 31/3/22 M & G Investment High Yield Corporate Bond | −2,462 | −25,374. | |
| M & G Investment High Yield Corporate Bond | 25,720 | 25,374 | |
| 01/06/22 Merger o f BNP's Oil & Gas Porfolios with Woodside | 0 | 0 | |
| Energy Group by an all stock Merger. There has been | 0 | .0 | |
| no dilution o f BHP shares held | 676 | 12,168, | |
| 1/8/22 Threadneedle Investment Emerging Markets Bond | −24,345 | −23,169 | |
| CT Investment Funds UK / C T Emerging Markets | 24,345 | 23,169 | |
| Renaming | |||
| 1/8/22 GSK | −4,040 | −36,790, | |
| GSK | 3,248 | 30,110. | |
| Haleon Demerger from GSK | 4,060 | ,6,680 | |
| **NET ** | EFFECT O F CHANGES | 12,168, |
| THE CWMBRAN TRUST | THE CWMBRAN TRUST | THE CWMBRAN TRUST | THE CWMBRAN TRUST | THE CWMBRAN TRUST | THE CWMBRAN TRUST | THE CWMBRAN TRUST | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4. INVESTMENTS HELD A T THE PERIOD END −31 DECEMBER 2022 | |||||||||||
| 2022 | Gross Dividend | 2,023 | |||||||||
| Holding Stock Description FIXED INCOME |
Marketr:.:•Origin−# value ,;1:.. .. CO,St; il.;,"; .;II Gross income L |
on M k t value % |
on Cost % |
Gross income L |
|||||||
| Corporate 16,852 |
Bonds lnvesco Fund Managers IP Bond |
29,036 !i.' | ,2..,32.1i, | 468 | 1.61 | 1.85 | 1,032 | ||||
| 233 I Shares Core CiBP | 28,049., | 25,262) . .' |
723 | 2.58 | 2.86 | 771 | |||||
| High Yield 43,236 25,720 |
Barclays Global Access CiBL High Yield M & Ci Investment High Yield Corporate |
Bond | 25,510 ',. 20,979 .k•• |
, •,, 3,0,,686 '.25,37,41 |
1,459 1,203 |
5.72 5.73 |
4.75 4.74 |
1,459 1,266 |
|||
| . | Global / Strategic 9,006 Aviva Investors European Property Funds 40,000 Jupiter UT Mgrs. Strategic Bond − 23;882 −Schroder Unit Trust Strategic Credit |
6 :, 21,404 .'' 20 176I,−f' |
, , _181 2;60041 : 24,588 |
0.00 970 1,054 |
0.00 4.53 5.22 |
0.00 3.79 4.28 |
0 970 1,053 |
||||
| Total Corportite Bonds & Bond Funds • | _ | −−−−− | •.−145;160−rtiln85._31− | 5,876. | _ _.4.05. | . 3,75:...,. 6,5S1 |
|||||
| U.K. EQUITIES • |
._• | ||||||||||
| O i l & Gas Producers | |||||||||||
| 12,000 | BP • |
56,9881: | '67;689( | 2,235 | 3.92 | 3.30 | 2,397 | ||||
| 4,065 906 |
Shell Plc * Woodside Energy Group ** |
94,5521:−. , 18,029l'.. |
1,7,1:371 | 3,271 636 |
3.46 3.53 |
14.31 3.71 |
3,379 2,233 |
||||
| Oil & Gas | Producers | 169,569: | 107,6844: | 6,142 | 3.62 | 5.70 | 8,009 | ||||
| .'". | :.'. •;.− ,.', |
||||||||||
| 2,800 | Oil Equipment & Services Wood Group (John) − |
'−' . "−' •' 3,784 −; 10,045 |
0 | 0.00 | 0.00 | ||||||
| Chemicals | • | ||||||||||
| 700 | Victrex Chemicals |
11,179j | 15,3001 | 438 | 3.92 | 2.86 | 417 | ||||
| 3,741 | Mining − BHP Billiton " |
96,144 i." | 45;5901 | 9,870 | 10.27 | 21.65 | 13,957 | ||||
| 4,250 | Glencore * |
23,477− | 8;2,244 | 0 | 0.00 | 0.00 | 918 | ||||
| 3,425 10,750 |
Rio Tinto South 32 Mining * |
Mining | 198,5821 . 24,348 ... 342,551 '. . |
70201! 19,145; 143,1601 |
19,658 1,854 31,383 |
9.90 7.62 9.16 |
28.00 9.69 21.92 |
18,096 3,281 36,252 |
|||
| Construction & Materials | |||||||||||
| 6,828 8,450 |
Baltbur Beatty *• lbsstock ** |
23,051 ; :'• 13,081 i1.. |
„ 20,437! 1.0,−170/, |
649 440 |
2.81 3.36 |
3.17 2.18 |
649 701 |
||||
| Construction & Materials | 36,132;•−•40,607I | 1,089 | 3.01 | 2.68 | 1,350 | ||||||
| 2,000 | Aerospace & Defence Babcock International Group ** |
1 5,644 i•.• |
10,570:, | 0 | 0.00 | 0.00 | 0 | ||||
| 6,490 4,000 |
BAE Systems " Rolls Royce * Aerospace |
& Defence | 55,555r • • 20,075; 3,7284 −'4,986; 64,927:..,' 35−,631) |
1,661 0 1,661 |
2.99 0.00 2.56 |
8.28 0.00 4.66 |
1,661 0 1,661 |
||||
| General Industrials | |||||||||||
| 3,111 | Bunzl * |
85,833 | •14;200' | 1,773 | 2.07 | 12.49 | 1,807 | ||||
| 14,598 5,200 |
Melrose Industries • Smith (DS) * |
I9,634 −• • . 16,718 • |
. '8 466: „ 20,1421 |
266 780 |
1.36 4.67 |
3.15 3.87 |
267 842 |
||||
| 1,333 | Smiths Group • General Industrial |
21,308 i 143,493 |
• 8,088 50,9161 |
528 3,348 |
2.48 2.33 |
6.53 6.57 |
528 3,444 |
||||
| 1,347 | Industrial Engineering. 1M1 " |
z 17,350 f':, |
3,02! | 325 | 1.87 | 9.27 | 325 | ||||
| 600 | Weir Ciroup * Total Industrial Group |
10,014 ;,: 27,364 |
16,1461 .1346481 •. ,; , I |
155 479 |
1.55 1.75 |
1.53 3.51 |
155 480 |
||||
| Industrial TrarispOrtaben | |||||||||||
| 8,500 22,666 4,600 |
Braemar Shipping Services ••• Esken Limited * Royal Mail (International Distribution) Industrial Transport |
25,075 ; − 20,363! 1,156 .., : 21,5921 9,798" • , 0,374! 36,029; .' •62,320 I |
595 0 1,840 2,435 |
2.37 0.00 18.78 6.76 |
2.92 0.00 9.03 3.91 |
935 0 920 1,855 |
|||||
| . | . | ||||||||||
| 1,854 | Support Services De La Rue *** |
1,455 | 10,874! | 0 | 0.00 | 0.00 | 0 | ||||
| 1,050 | Travis Perkins ** | . , 9,339 •• |
10,072 | 0 | 0.00 | 0.00 | 404 | ||||
| Support Services | 10,794 t |
20,9461 | 0 | 0.00 | 0.00 | 404 | |||||
| • Denotes FTSE 100 i t FTSE 250 & *** FTSE 350 & Small | Cap |
| 4. INVESTMENTS HELD | 4. INVESTMENTS HELD | AT | THE PERIOD END | THE PERIOD END | THE PERIOD END | THE PERIOD END | THE PERIOD END | THE PERIOD END | 31 DECEMBER 2022 −CONTINUED | 31 DECEMBER 2022 −CONTINUED | 31 DECEMBER 2022 −CONTINUED | 31 DECEMBER 2022 −CONTINUED | 31 DECEMBER 2022 −CONTINUED | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares Held |
Stock Description | M a r k e t Origiñal value! costl |
2022 Gross income |
Gross Dividend on Mkt on value Cost |
2,023 Gross income |
||||||||||||
| U.K. EQUITIES −• CONTINUED | |||||||||||||||||
| Beverages | |||||||||||||||||
| 7,965 | Britvic ** | 61,888 20,3391 |
2,031 | 3.28 | 9.99 | 2,310 | |||||||||||
| 1,200 | Diageo * |
43,800L 10.;1111 |
914 | 2.09 | 9.04 | 914 | |||||||||||
| Beverages | 105,688; 30;150 |
2,945 | 2.79 | 9.67 | 3,224 | ||||||||||||
| 1,850 | Food Producers. Hilton Food:** |
1 10,305: −−. 9,94T, |
0 | 0.00 | 0.00−. | −529 | |||||||||||
| 3,685 | Tate & Lyle ** |
26,207! ' ; ' 15,193 | 5460 | 2083. | 35.94 | 671 | |||||||||||
| Food Producers | 36,512 • −5,134 |
5,460 | 14.95 | 21.72 | 1,200 | ||||||||||||
| 4,000 | Household Goods −Home_Construction_ Barratt Developments * |
. : 15,872 '20,218 |
1,476 | 9.30 | 7.30 | 1,476 | |||||||||||
| 2,525 175 |
Persimmon * Rickett Benckiser * |
30,729' '‘' • 14:4501 10,070 • . :• 10,1321 |
4,171 306 |
13.57 3.03 |
28.87 3.02 |
5,934 306 |
|||||||||||
| 12,000 | Taylor Wimpey Household |
* Goods & |
Home Construction | 12,198 . 2 ; 20,6171 68,869: .−−. ' 65,417! |
1,087 7,040 |
8.91 3.17 |
5.27 3.34 |
1,087 8,803 |
|||||||||
| •Pe−rsnria1.0i.ods | |||||||||||||||||
| 1,500 | Unilever * | 62,730;• | 2,182 | 3.48 | 292.11 | 2,182 | |||||||||||
| Tobacco | • :−:, .1 |
||||||||||||||||
| 1,160 | British American | Tobacco | * | , 38,065 f 20,3891 |
2,520 | 6.62 | 12.36 | 2,526 | |||||||||
| 700 | Imperial Brands | * | Tobacco | 14,4971 −•:19;8471 52,5621. .2.•40,2361 |
982 3,502 |
6.78 6.66 |
4.95 8.70 |
988 3,514 |
|||||||||
| , • .−.−._., |
|||||||||||||||||
| 1,990 3,248 |
pbaiitiaceutieals & AstraZeneca Group GSK* |
Biotechnology. * |
223,238 t' . 34,−.554; 46,69311 36,1101 |
4,412 2,801 |
1.98 6.00 |
12.77 9.30 |
4,412 1,989 |
||||||||||
| 5,760 | Haleon Plc Ord* | 18,855 . 11,646; 288,786 ' i76;)1.0,1 |
0 7,213 |
0.00 2.50 |
0.00 9.45 |
0 6,401 |
|||||||||||
| Pharmaceuticals | & | Biotechnology | |||||||||||||||
| 6,900 | Food &−. Drug Retailers Sainsbury (J) * |
15,021 ';' 726,324 |
952 | 6.34 | 4.69 | 952 | |||||||||||
| 10,282 | Tesco * |
23,053 '.•,. '„.24',635.i | 1,188 | 5.15 | 4.82 | 1,188 | |||||||||||
| Food & | Drug | Retailers | 38,074;, −'44,959i | 2,140 | 5.62 | 4.76 | 2,140 | ||||||||||
| 6,270 ,__ 1,600 |
G eifirat Reru Her's− Halfords Group.* − Howden Joumery ** |
− | −−−− | −−−−−−−−4731−2.78 564− 0 0.00 0.00 _ ' "1 • −− −−−−−−1371.041f−f−ri2,0;:3161 8,9861.........:99801 |
564 318 |
||||||||||||
| − | 4,500 Kingfisher * 7,800−−Mark−s &Spencer |
** | − | − | 10,625 :', 2.,„..9,8674 _ −9,617'77:1 6;4151 |
558_ 0 |
_ _ 5.25.__5.66−558 0.00 0.00 |
118 | |||||||||
| 1,300 | W H Smith ** | . . . 19,299' .203−35; |
0 | 0.00 | 0.00 | 0 | |||||||||||
| General Retailers | 61,631 '' C76,9•13! |
1,122 | 1.82 | 1.46 | 1,558 | ||||||||||||
| 1,550 1,400 |
Media Auto Trader Pearson |
....•, .., • 7,992 i ..:−. 10,1−661 13,1481:: 13;8561 |
127 291 |
1.59 2.21 |
1.26 2.10 |
129 291 |
|||||||||||
| 1,700 | WPP Plc * | Media | 13,943 ' . :`15.,565 35,083 ' 39,52'7r |
573 991 |
4.11 2.83 |
3.68 2.51 |
573 993 |
||||||||||
| 640 2,218 1,626 |
Travel & Leisure Carnival ** Compass Group Easy Jet ** |
* | •, 3,708:−• ' 19,9891 42,530 ;'... . 13,90 5,278i'',..i.1Z,7121 |
0 519 0 |
0.00 112 0.00 |
0.00 3.73 0.00 |
0 699 0 |
||||||||||
| 2,155 20,800 |
First Group ' Marston's * |
2 , 1 7 7 : ' 5,294' 8,232L 200061 |
43 0 |
1.98 0.00 |
0.81 0.00 |
58 0 |
|||||||||||
| 1,500 | Whitbread * |
, 38,5501, • 19,751! |
887 | 2.30 | 4.49 | 887 | |||||||||||
| Travel | & Leisure | 100,475 l', 1−91,758' | 1,449 | 1.44 | 1.58 | 1,644 | |||||||||||
| * Denotes FTSE 100 | ** FTSE 250 8c *** FTSE 350 & Small | Cap | i' .−−'. ". |
| **2022 ** | Gross Dividend | Gross Dividend | 2,023 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Stock Description | **Market; ** | •Oriinal | Gross | on Mkt | on | Gross | |||||||
| Held | value | cosIi | income | value | Cost | income | ||||||||
| " | ||||||||||||||
| U.K. EQUITIES −CONTINUED | ||||||||||||||
| Fixed Line Telecommunications | ||||||||||||||
| 20,900 | BT Group * |
23,418 | : | . 30,9641 | 1,609 | 6.87 | 5.21 | 1,609 | ||||||
| **Fixed Line ** | Communications | 23,418 | 30.,,904 | 1,609 | 6.87 | 5.21 | 1,609 | |||||||
| , | ||||||||||||||
| Mobile Telecommunications | ||||||||||||||
| 17,668 | Vodafone Group * |
14,8841 | r..:−_ 1,2081 | 1,333 | _8.95 | 6.28 | 1,411 | |||||||
| . | ||||||||||||||
| Electricity | ||||||||||||||
| 1,681 | Scottish & Southern Energy | * | 28,779; | :20,0561 | 1,441 | 5.01 | 7.18 | 1,499 | ||||||
| ' | ||||||||||||||
| ' •! | ||||||||||||||
| Gas, Water & Multinationals | ||||||||||||||
| 8,598 | Centrica * |
8,299r, | : | 19,864l, | 86 | 1.04 | 0.43 | 86 | ||||||
| 5,066 | National Grid * |
50,528 l. | 22,267i | 2,582 | 5.11 | 11.60 | 2,614 | |||||||
| 2,055 | Severn Trent * |
54,478 | '20',007'; | 2,099 | 3.85 | 10.49 | 2,138 | |||||||
| Gas, Water & Multinationals | **113,3051: ** | . | 62,078j | 4,767 | 4.21 | 7.68 | 4,838 | |||||||
| Banks | ||||||||||||||
| 3,250 | Barclays * |
5,152 | . , 1'3,679, |
203 | 3.94 | 1.48 | 203 | |||||||
| 6,020 | HSBC Holdings * |
31,045 | 46,04: | 1,306 | 4.21 | 3.22 | 1,351 | |||||||
| 51,110 | Lloyds TSB Group * |
23,209. | . | 62;84−1 | 1,089 | 4.69 | 1.75 | 1,089 | ||||||
| 4,014 | Standard Charter * |
24,983 | 36,3.56: | 424 | 1.70 | 1.17 | 424 | |||||||
| Banks | 10.2,953 | 3,022 | 3.58 | 1.98 | 3,067 | |||||||||
| Non−life Insurance | V | |||||||||||||
| 1,000 | Admiral Group * |
2 1 3 7 0 | . | " | 2 i 9 0,37'9 |
2,230 | 10.44 | 10.94 | 1,472 | |||||
| 5,650 | Direct Line Insurance Group | ** | 12,503 | 1991.01 | 1,283 | 10.26 | 6.44 | 1,283 | ||||||
| **Non−life ** | Insurance | 33,873.40,289 | 3,513 | 10.37 | 8.72 | 2,755 | ||||||||
| Life Insurance | ||||||||||||||
| 4,332 | Aviva * |
19,182 | '15,629i | 1,284 | 6.69 | 8.55 | 1,343 | |||||||
| 17,700 27,525 |
Legal & General Old Mutual * |
44,162 ,,, 14,010 |
20,5421 1−2.,69 |
3,312 231 |
7.50 1.65 |
16.12 1.82 |
3,312 1,055 |
|||||||
| 1,833 | Phoenix Group * |
11,156 | 13',T8−1.1 | 909 | 8.15 | 6.89 | 909 | |||||||
| 5,700 | Prudential Corporation | " | 64,267 | 9,731, | 822 | 1.28 | 8.45 | 822 | ||||||
| Life Insurance | 152,777 ' % |
71,169.1 | 6,558 | 4.29 | 9.21 | 7,441 | ||||||||
| Real Estate & property Investments | , | |||||||||||||
| 3,780 450 |
Capital & Counties Properties Land Securities Group * |
** | 4,026 . −:. 6,6621 2,796'V",,4Vl06r |
58 174 |
1.45 6.21 |
0.96 4.23 |
68 176 |
|||||||
| 530 | Safestore Holdings Real Estate Investment Trusts** |
5,008 **11,830; ** |
•:. | 5994; 1$−,172; |
143 375 |
2.86 3.17 |
2.86 2.47 |
143 387 |
||||||
| **Financial Services & Private ** | Equity | 1 | ||||||||||||
| 5,337 | Abrdn Plc * | 10,100 | • | 17,69: | 779 | 7.71 | 4.36 | 779 | ||||||
| 520 | Hargreaves Landowne * | 4,452 | . | .9,987: | 206 | 4.64 | 2.07 | 207 | ||||||
| 10,700 | M&G Plc * | 20,100'. | . | i ii.51,Ci | 1,049 | 5.22 | 9.11 | 1,969 | ||||||
| 7,510 2,149 |
MAN Group Quilter PLC **Financial Services ** |
& Private Equity | 16,048? • 1,9977 **52,697 :, ** |
. **' ** |
:20,216: −, ..'737 .60,319; |
859 124 3,017 |
5.35 6.19 5.73 |
4.25 16.77 5.00 |
859 124 3,938 |
| 2022 | Gross Dividend | Gross Dividend | 2,023 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares Stock Description Held U.K. EQUITIES −CONTINUED |
Market : , value I.. £, |
Original! .,. costi ' C |
Gross income £ |
on Mkt value % |
on Cost % |
Gross income £ |
|||||||||
| Equity Investment Instruments | |||||||||||||||
| 2,000 1,931 |
Merchants Trust Ordinary * 31 Group |
11,220 25,904 |
, :. |
, .10,3..69 i 10;136 i |
548 898 |
4.88 3.47 |
5.28 8.86 |
548 975 |
|||||||
| Equity Investment Instruments | 37,124 | . | • 20,505.„! | 1446 | 3.89 | 7.05 | 1,523 | ||||||||
| Funds | ' | ||||||||||||||
| 28,699 34,619 |
Jupiter Fund Manager UK Small Companies ** Schroder Uff UK mid 250 *** − |
44,664 ," 37,665 |
18896 | . | 708 954 |
1.59_ 2.53 |
20.29 5.05 |
− | ._=:708 954 |
||||||
| Funds | 82,329 | .42,386! | 1,662 | 2.02 | 7.43 | 1,662 | |||||||||
| Software and Computer Services | : − | ||||||||||||||
| 1,590 | Micro Focus International Plc ** | 8,417 | 353 | 4.19 | 2.85 | 353 | |||||||||
| Infrastructure & Renewable Energy | 15,4951 | ||||||||||||||
| 11,799 | Greencoat UK Wind Plc ** | 17,935 | 895 | 4.99 | 5.78 | 911 | |||||||||
| . | |||||||||||||||
| Dividends Received from Investments Sold | in Year | 0 | |||||||||||||
| TOTAL UK EQUITY • | 2,357,989 | 1,536,06 | 111,010 | 4,71 | 7.22 | 116,925' | |||||||||
| INTERNATIONAL EQUITY | |||||||||||||||
| Nott.hArtierica: | |||||||||||||||
| 635 | Verizon Communications Fixed Line | 20,802 | • .6,157ç | 1,109 | 5.33 | 18.01 | 1,378 | ||||||||
| .!' | .,.. 2: ) |
||||||||||||||
| Europe (Excluding UK) | |||||||||||||||
| 100 380 300 |
Daimler Truck Holding Mercedes −Benz Societe Generale |
, 2,572: 20,701 il') 6,251 ,',.. |
..,.. . rl'A90 .I.0371 10,152 |
0 616 313 |
0.00 2.97 5.00 |
0.00 3.27 3.08 |
0 1,450 439 |
||||||||
| Total Europe (Excluding UK) | 29,524 | i ; i |
, • 30,579 | 929 | ,3.15.− | : 3,04'; | 1,889 | ||||||||
| Asia Pacific | |||||||||||||||
| 51,784 | Schroder Asian Income Fund A Inc | 38,895: | 19,919 | 1,951 | 5.02 | 9.79 | 1,951 | ||||||||
| , | • | ||||||||||||||
| Emerging Markets | |||||||||||||||
| 1240 | Ned Bank Group | 1;543 | 215 | 1.67 | 1.86 | 934 | |||||||||
| 4800 | Utilico Emerging Markets Trust Plc | 10,032 | −10;217i− | 391 | −3.90 | 3.83 | 391 | ||||||||
| Total Emerging Markets | 22,9244'."−'21;760;−− | 606 | _2:.64____2.79 | 1,325 | |||||||||||
| _ | |||||||||||||||
| −24345 −−−−CT−Investment−Funds UK / CT Emerging Markets−−−19549!−−.231'694" " | "1,032 − | 5.28 | −71.45 | 1,032 | |||||||||||
| 4,425 | Murray International Trust | 59,030 | ' '20;925 | 2,434 | 4.12 | 11.63 | 2,434 | ||||||||
| TOTAL INTERNATIONAL EQUITY | "190,'124; | 1 2 0 9 | '8;069, | 4.23 | 6.58 | '−i000. | |||||||||
| PROPERTY | |||||||||||||||
| ProPerty Funds & Investments | |||||||||||||||
| 4,598 28,571 |
Aviva Investors UK Property Feeder Mayfair Capital Substitute Line Charities |
3,577. 24,223 |
−3,9781 20;951' |
162 1,217 |
4.53 5.02 |
4.07 5.99 |
121 1125 |
||||||||
| 15,000 | Primary Health Properties ** TOTAL PROPERTY FUNDS |
16,620;. 44,420 " |
20;072' 44;345, |
423 1,801 |
2.54 4.05 |
2.11 4.06 |
975 2,221 |
||||||||
| TOTAL FUNDS UNDER INVESTMENT | 2,738,2,93L111;fiqk3j1 | 126,747 | 4.63 | 6.81 | 135,706 | ||||||||||
| TOTAL CASH DEPOSITS | 41,699 | 1;6591 | 128 | 0.31 | 0.3.1 | • 0 | |||||||||
| TOTAL FUNDS.UNDER INVESTMENT | .2,719,991EPPX0'4,11 | 126;875 | 4.56 | '6:67 | 135;70.6; |
| 2022 | Gross Dividend | Gross Dividend | 2,023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Description | Market .,'−• value 4; |
Origirrial ; ' cdiii |
Gross income |
on Mkt value |
on Cost |
Gross income |
|||||
| F I X E D INCOME | £ | !4 | 16 | £ | |||||||
| Corporate Bonds | 57,085 ,−,;−. | '.50,583 | 1,191 | 2.58 | 2.86 | 1,803 | |||||
| High Yield | 46,489 2.. | i ,56,060 |
2,662 | 5.73 | 4.75 | 2,725 | |||||
| Global / Strategic | TOTAL FIXED INCOME | 41,586 , 145,160 I. |
. ,50,2101 15611531 |
2,023 5,876 |
4.87 4.05 |
4.03 3.75 |
2,023 6,551 |
||||
| U.K. EQUITIES | |||||||||||
| tii I I Ofti Piticlucers | 169,569 :;.,' | ,' ,11:6".84; | 6,142 | 3.62 | 5.70 | 8,009 | |||||
| Oil Equipment & Services Chemicals |
3,784 t.'−−'−10,045g 11,179 −. 15,300; |
−− . _ 0 438 |
0.00 0 |
0.00 3 |
0 4−17 |
||||||
| Mining | 342,551 ', | −143,160 | 31,383 | 9.16 | 21.92 | 36,252 | |||||
| Construction & Materials | 36,132' | ..40,607, | 1,089 | 3.01 | 2.68 | 1,350 | |||||
| Aerospace & Defence | 64,927 • | : | . • . 35;6311 |
1,661 | 2.56 | 4.66 | 1,661 | ||||
| General Industrials | , 143,493 , .,− |
, .. . ..509161 |
3,348 | , | 2.33 | 6.57 | 3,444 | ||||
| Industrial Engineering | 27,364 ',:: | ''' ,•13:,648 |
479 | 1.75 | 3.51 | 480 | |||||
| Industrial Transportation | 36,029: | ,' ;' 6−2,3291 | 2,435 | 6.76 | 3.91 | 1,855 | |||||
| Support Services Beverages |
, 10,794 .,. 105,688 i' ;, |
, '20i:9`4.6; • 315,116;1 |
o 2,945 |
0.00 2.79 |
0.00 9.67 |
404 3,224 |
|||||
| Food Producers | 36,512 '.− | 25,1341 | 5,460 | 14.95 | 21.72 | 1,200 | |||||
| Household Goods −Home Construction | 68,869 ;.' | − 65,417i |
7,040 | 10.22 | 10.76 | 8,803 | |||||
| Personal Goods Tobacco |
62,730 , − 52,562 :...,. |
.−•,, 747i • . •,, ". 40,236/ |
2,182 3,502 |
3.48 6.66 |
292.11 8.70 |
2,182 3,514 |
|||||
| Pharmaceuticals & Biotechnology | 288,786 !. |
'.,6;310; | 7,213 | 2.50 | 9.45 | 6,401 | |||||
| Food & Drug Retailers | 38,074 ', %, | ,':..44;9.591 | 2,140 | 5.62 | 4.76 | 2,140 | |||||
| General Retailers | 61,631 ;.:,; | '.. | •:−76,9131 | 1,122 | 1.82 | 1.46 | 1,558 | ||||
| Media | 35,0831 | .•. | • 39,527) | 991 | 2.83 | 2.51 | 993 | ||||
| Travel & Leisure | 100,475 i : | −, 9I,75.81 |
1,449 | 1.44 | 1.58 | 1,644 | |||||
| Fixed Line Telecommunications | 23,4181 r | .. | ' ; 30,904i | 1,609 | 6.87 | 5.21 | 1,609 | ||||
| Mobile Telecommunications Electricity |
. 21 208• 14'8841'...−' ' ' !.. : . ( 2 8 , 7 7 9 : '−'•,20:056' |
1,333 1,441 |
8.95 5.01 |
6.28 7.18 |
1,411 1,499 |
||||||
| Gas, Water & Multinationals | 113,305 :,.'.1,' | '. 62,978,r, | 4,767 | 4.21 | 7.68 | 4,838 | |||||
| Banks | 84,389 '.,' | • | 1.52,951 | 3,022 | 3.58 | 1.98 | 3,067 | ||||
| Non−life Insurance | 33,873 ::.....'; 40289: | 3,513 | 10.37 | 8.72 | 2,755 | ||||||
| Life Insurance | 152,777 . | '; | ...7I,169, | 6,558 | 4.29 | 9.21 | 7,441 | ||||
| Real Estate & Property Investments | 11,830 r . | . | .;15−;1721 | • 375 |
3.17 | 2.47 | 387 | ||||
| Financial Services & Private Equity | 52,697. | '.60,3.19, | 3,017 | 5.73 | 5.00 | 3,938 | |||||
| Equity Investment Instruments | 37,124 | 20,5051 | 1,446 | 4.88 | 5.28 | 1,523 | |||||
| Funds | . 82,329;, |
.. | 22,3861 | 1,662 | 2.02 | 7.43 | 1,662 | ||||
| Software and Computer Services | 8,417 ' |
12,385 | 353 | 0.00 | 0.00 | 353 | |||||
| Infrastructure & Renewable Energy | 1 7 , 9 3 5 | . | . | " 15;495 | 895 | 0.00 | 0.00 | 91/ | |||
| Dividend Received from Investments | Sold in year | • ' | 0 | ||||||||
| TOTAL UK EQUITY | 2,357,989 | 1,536,636, | 111,010 | 4.71 | 7.22 | 116,925 | |||||
| INTERNATIONAL EQUITY | |||||||||||
| North America | 20,802.,! | 6;1571 | 1,109 | 5.33 | 18.01 | 1,378 | |||||
| Europe (Excluding UK) | 29,524 : | ..,30,579 | 929 | 3 | 3 | 1,889 | |||||
| Asia Pacific | 38,895 . |
.r−,.19,919.i | 1,951 | 5.02 | 9.79 | 1,951 | |||||
| Emerging Markets | 22,924 . |
':... 2,1,701 | 606 | 2.64 | . 2.79 |
1,325 | |||||
| Global | 78,579 !−.,. | .14,04; | 3,466 | 4.41 | 7.86 | 3,466 | |||||
| TOTAL INTERNATIONAL EQUITY | 190,724 :..; | ' | 1.4,50.9/ | 8,060 | 4.23 | 6.58 | 10,009 | ||||
| PROPERTY | PROPERTY | , 44,420 , |
44,3451 | 1,801 | 4.05 | 4.06 | 2,221 | ||||
| CASH AWAITING INVESTMENT | 41,699 | 43499; | 128 | 0.31 | 0.31 | 0 | |||||
| T O T A L O F ALL INVESTMENTS | ,. 2,779,991 |
1,946'42, | 126,875 | 4.56 | 6.67 | 135,706 |
| 6. PORTFOLIO STRUCTURE FOR THE PERI | OD ENDED 31 DECEMB | E | R 2022 | ||||
|---|---|---|---|---|---|---|---|
| Market | |||||||
| Market Original |
Value | ||||||
| Value; | •−• C o t | Income | in Category | ||||
| 0/0! | ejc, | ||||||
| FIXED INCOME | 5.2% | 8.2%1 | 4.6% | ||||
| U.K. EQUITIES | |||||||
| Oil & Gas Producers | 6.l%?.!•: • | ' | 5.7%1 | 4.8% | 7.3% | ||
| Oil Equipment & Services | 0.1%; • | '..0.5%.] | 0.0% | 0.2% | |||
| Chemicals | O.4%;... | 0: ' o :8%1 |
0.3% | 0.5% | |||
| Mining | 12.3% | 24.7% | 14.6% | ||||
| Construction & Materials | 0.9% | 1.5% | |||||
| Aerospace & Defence | 2.3% | 1.3% | 2.8% | ||||
| General Industrials | 5.2% | −2:7;%.;! | 2.6% | 6.1% | |||
| Industrial Engineering | 1.0% • | 0.7%; | 0.4% | 1.2% | |||
| Industrial Transportation | 1.3%; • |
' | :3:3% | 1.9% | 1.5% | ||
| Support Services | „ | 0.0% | • | 0.5% | |||
| Beverages | 2.3% | 4.5% | |||||
| Food Producers | 1.3% v. | 1:3%) | 4.3% | 1.5% | |||
| Household Goods −Home Construction Personal Goods |
2.5% 2.3%1.: |
:3.4%1 6.0%1 |
5.5% 1.7% |
2.9% 2.7% |
|||
| Tobacco | 1.9% | 2.1%; | 2.8% | 2.2% | |||
| Pharmaceuticals & Biotechnology | ...40% | 5.7% | 12.3% | ||||
| Food & Drug Retailers | 1 . 4 % . . | 1.7% | 1.6% | ||||
| General Retailers Media |
2.2% t 1.3%1' |
.4.0%1 •'.211% |
0.9% 0.8% |
2.6% 1.5% |
|||
| Travel & Leisure | '• | 48%1 | 1.1% | 4.4% | |||
| Fixed Line Telecommunications | 0.8% | .:,1,6%1 | 1.3% | 1.0% | |||
| Mobile Telecommunications | 0.5% | 1.1% | 0.6% | ||||
| Electricity | 1.1% | 1.2% | |||||
| Gas, Water & Multinationals | 3.8% | 4.8% | |||||
| Banks | .13q | 2.4% | 3.6% | ||||
| Non−life Insurance | −−2:8% | −1.4% | |||||
| −Lifelnsurance _ Real Estate & Property Investments |
5.5%.1...: 0.4%r'' |
T4) .. FO:8%) |
_5.2%., 0.3% |
0.5% | |||
| Financial Servicgs.&_Priv.ate.Equity Equity Investment Instruments Funds Software and Computer Services |
1.9%,:−..f..−−,•.13..2%••.....−−24% 1,3% .' . •'−'/. 3,0% •−• ..E1%1 .,..,. ,•., , OW 1.1% 1.3% /,'. 0.3% r'i 0,7%; 0.3% |
1.9% 1.6% 3.5% 0.4% |
|||||
| Infrastructure & Renewable Energy | 0.6% | 6.854 | 0.7% | 0.8% | |||
| TOTAL UK EQUITY | . 84.8% :_ „ |
Eif.i.i | 87.5% | 100.0% | |||
| INTERNATIONAL EQUITY | 6.9% " | −6.46/0‘ | 6.4% | ||||
| PROPERTY | 1.6%; . | . − | 1.4% | ||||
| TOTAL CASH DEPOSITS | 1.5% | −− 22%. |
0.1% | ||||
| , | |||||||
| PORTFOLIO TOTAL | 100.0% VI | B%Oi | 100.0% |
| 2,022 | 2,023 | Better/ | ||||
|---|---|---|---|---|---|---|
| Budget | Actual | Better/ | Budget | (worse) | ||
| (worse) | Than 2022 | |||||
| £ | £ | £ | INCOME | £ | £ | |
| 112,178 | 126,747 | 14,569 | Investment Income | 136,000 | 9,253 | |
| 12 | 361 | 349 | Bank interest | 50 | −311 | |
| 112,190 | 127,108 | 14,918 | Total Income | 136,050 | 8,942 | |
| EXPENDITURE | ||||||
| 75,000 | 55;249 | 19,751 | − | Charitable gifts | 80,000 | −24,751 |
| 550 | 550 | 0 | _ Independent Examination Fee |
550 | −0 | |
| 2,500 | 2,378 | 122 | Investment Management fee | 2,400 | −22 | |
| 4,200 | 4,200 | 0 | Administration Costs | 4,200 | 0 | |
| 1,750 | 1,750 | 0 | Researching grant expenditure | 1,750 | 0 | |
| 400 | 280 | 120 | Sundry expenditure | 700 | −420 | |
| 84,400 | 64,407 | 19,993 | Total Expenditure | 89,600 | −25,193 | |
| EXCESS OF INCOME OVER | ||||||
| 27,790 | 62,701 | 34,911 | EXPENDITURE | 46,450 | −16,251 | |
| GRANTS DISTRIBUTED AS % | ||||||
| 73.0% | 46.8% | OF INCOME NET OF OPERATING | 63.3% | |||
| EXPENSES | ||||||
| RECEIPTS & PAYMENTS BUDGET 2022 | ||||||
| 2022 | 2023 | Better/ | ||||
| Budget | Actual | Better/ | Budget | (worse) | ||
| (worse) | Than 2022 | |||||
| £ | £ | £ | RECEIPTS | ' £ | £ | |
| 109,000 | 123,366 | 14,366 | Investment Income | 132,000 | 8,634 | |
| 0 | 0 | 0 | Tax recovered | 0 | 0 | |
| 12 | 361 | 349 | Bank interest received | 50 | −311 | |
| 0 | 0 | 0 | Loan repayments | 0 | 0 | |
| 0 | 0 | 0 | Sundry income | 0 | 0 | |
| 0 | 0 | 0 | Transferred from investment funds | 0 | 0 | |
| 3,351 | 3,351 | 0 | General Ledger | 3,380 | 29 | |
| 112,363 | 127,078 | 14,716 | Total Receipts | 135,430 | 8,351 | |
| PAYMENTS | ||||||
| 31,021 | 22,400 | 8,621 | Charitable gifts prior year | 4,618 | 17,782 | |
| 60,000 | 58,701 | 1,299 | Charitable gifts current year | 70,000 | −11,299 | |
| 0 | 0 | 0 | Loans Paid | 0 | 0 | |
| 8,000 | 8,109 | −109 | Expenses | 9,050 | −941 | |
| 100,000 | 100,000 | 0 | Transfers to investment funds | 50,000 | 50,000 | |
| 550 | 1,300 | −750 | General Ledger | 1,050 | 250 | |
| 199,571 | 190,509 | 9,062 | Total Payments | 134,718 | 55,791 | |
| −87,208 | −63,432 | 23,776 | NET CASH (OUTFLOW) INFLOW | 712 | 64,143 | |
| 168,879 | 168,878 | Opening Bank Balance | 105,446 | |||
| −87,208 | −63,432 | −23,776 | NET CASH (OUTFLOW) INFLOW | 712 | ||
| 81,671 | 105,446 | 23,775 | CLOSING BANK BALANCE | 106,158 | 712 |
| K L Maddox | |
|---|---|
| Trustee and Secretary | |
| 15th February−2023−−− | − − |
| c/o Mentor HVBS (UK) Ltd | |
| Grange Road | |
| Cwmbran | |
| Gwent | |
| NP44 3XU | |
| Telephone − 01633 834057 |
|
| Fax 01633 834051 |
|
| − | |
| E Mail −cwmbrantrustameritor.com |
|
| Webb − vAwi.cwmbrantrust.co.uk |