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||Pages|
|---|---|
|Trustees Report|1 −2|
|Independent Examiners Report|3|
|Receipts and Payments Account|4 −5|
|Statement o f Assets and Liabilities|6|
|Schedule o f Investments|7 −10|





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|B R Bailey|I Bailey|A M Davis|J L Dowler|
|---|---|---|---|
|G B Emery|M Griffiths|C J Kettle|D J Kettle|
|M J Kettle|R Mason|G Millward|W D Millward|
|P A Pickerill|P J Smith|S J Tagg|R Vernon|
|J E Whittaker||||



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|||**2021**||
|---|---|---|---|
|**Capital Account**||||
|**Receipts**||||
|**Rents**||||
|**Dividends And Interest From Investments**||||
|**Bank and other interest**||||
|**Other Receipts**||||
|**Proceeds from sales o f investments**|**222,639**|||
||||222,639|
|**Total Receipts**|||222,639|
|**Payments**||||
|**Purchases o f Investments**|||215,492|
|**Total Payments**|||215,492|
|**Net (Payments)/Receipts for the Year**|||7,147|
|Loan (to)/from Income Account|||(2,173)|
|Cash and bank balances at 1st January 2021|||6,270|
|**Cash and Bank Balances at 31st December 2021**|||11,244|





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||**2021**||
|---|---|---|
|**Income Account**|||
|**Receipts**|||
|**Rents**||326|
|**Dividends And Interest From Investments**|||
|**Other quoted securities**|28,067||
|**Bank and other interest**|2||
|||28,069|
|**Total Receipts**||28,395|
|**Payments**|||
|**Management And Administration O f The Charity**|||
|Printing, stationery and postage|349||
|Sundries|43||
|Audit fee and accountancy charges|1,530||
|Brokerage fees|3,415||
|Clerks' salary|4,500||
|||9,837|
|**Grants O f Money Made To Beneficaries**|||
|**Dividend paid**||16,475|
|**Total Payments**||26,312|
|**Net (Payments)/Receipts for the Year**||2,083|
|Loan from/(to) Capital Account||2,173|
|Cash and bank balances at 1st January 2021||23,117|
|**Cash and Bank Balances at 31st** **_December_ 2021**||27,373|





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|||**2021**||
|---|---|---|---|
||**Capital**||**Income**|
||**Account**||**Account**|
|**MONETARY ASSETS**||||
|**Cash and Bank Deposits**||||
|Bank Current account|||500|
|Business Reserve account|||24,908|
||||25,408|
|**Held by Third Parties**||||
|Knights Solicitors|||772|
|Walker Crips|11,244||1,193|
||11,244||27,373|
|**INVESTMENTS ASSETS**||||
|**Stocks and Shares**||||
|Other Securities|583,072|||
||583,072|||





## 

## 

||||Purchases|Proceeds of|Profit/||Market|
|---|---|---|---|---|---|---|---|
|||At cost|during|Sales in|(Loss)|At Cost|Value at|
|||31−Dec−20|the year|the year|onSales|31−Dec−21|31−Dec−21|
|Section A Holdings||£|£|£|£|£|£|
|Invesco Income Growth Trust||||||||
|6,000|Ordinary shares of 25p|13,270.45||||13,270.45||
|(6,000)|Disposal|||(17,707.48)|4,437.03|(13,270.45)||
|Invesco Bond Income Plus Ltd||||||||
|6,000|Ordinary shares of 2p|9,293.99||||9,293.99|11,235.00|
|Blackrock World Mining Trust||||||||
|3,000|Ordinary shares of 5p|17,612.41||||17,612.41|17,670.00|
|Diverse Income Trust plc||||||||
|19,000|Ordinary shares of 0.1p|10,053.80||||10,053.80|21,755.00|
|Acorn income Fund||||||||
|3,000|Ordinary shares of 25p|10,849.25||||10,849.25||
|2,000|Ordinary shares of 25p||6,084.30|||6,084.30||
|(5,000)|Disposal|||(20,516.14)|3,582.59|(16,933.55)||
|Henderson High Income Trust||||||||
|6,000|Ordinary shares of 5p|10,173.72||||10,173.72||
|4,000|Ordinary shares of 5p||6,196.23|||6,196.23||
|10,000||||||16,369.95|17,750.00|
|Edinburgh Investment Trust||||||||
|4,000|Ordinary shares of 25p|20,832.78||||20,832.78|25,120.00|
|Premier Oil plc||||||||
|20,000|6.55% 31.5.21|20,165.00||||20,165.00||
|(20,000)|Disposal|||(16,359.43)|(3,805.57)|(20,165.00)||
|Paragon Banking Group||||||||
|15,000|6.125% 30.1.22|15,140.00||||15,140.00|15,041.00|
|Nexus Infrastructure plc||||||||
|3,724|Ordinary shares of 2p|7,029.96||||7,029.96||
|(3,724)|Disposal|||(6,328.07)|(701.89)|(7,029.96)||
|Residential|Secure Income plc|||||||
|15,000|Ordinary shares of 0.1p|15,170.00||||15,170.00||
|(15,000)|Disposal|||(16,271.50)|1,101.50|(15,170.00)||
|||149,591.36|12,280.53|(77,182.62)|4,613.66|89,302.93|108,571.00|





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|||Purchases|Proceeds of|Profit/||Market|
|---|---|---|---|---|---|---|
||At cost|during|Sales in|(Loss)|At Cost|Value at|
||31−Dec−20|the year|the year|on Sales|31−Dec−21|31−Dec−21|
|Section A Holdings|£|£|£|£|£|£|
|brought forward|149,591.36|12,280.53|(77,182.62)|4,613.66|89,302.93|108,571.00|
|Ladbrokes Group|||||||
|10,000 5.125% 16.9.22|10,115.00||||10,115.00|10,205.00|
|Henderson Diversified Income Trust plc|||||||
|13,000 Ordinary shares NPV|12,258.79||||12,258.79|10,686.00|
|Vodafone Group|||||||
|10,000 Ordinary shares of USD0.209|20,530.67||||20,530.67|11,226.00|
|Jupiter Emerging & Frontier Income Trust|||||||
|15,000 Ordinary shares of 1p|15,170.00||||15,170.00|15,225.00|
|Aberdeen plc|||||||
|5,000 Ordinary shares of 14p|15,584.45||||15,584.45|12,045.00|
|Law Debenture Corp|||||||
|2,000 Ordinary shares of 5p|11,312.40||||11,312.40|15,980.00|
|Legal & General Group|||||||
|5,000 Ordinary shares of 2.5p|10,982.13||||10,982.13|14,875.00|
|The PRS REIT plc|||||||
|12,900 Ordinary shares of 1p|13,049.00||||13,049.00||
|4,600 Ordinary shares of 1p||3,876.73|||3,876.73||
|(17,500) Disposal|||(17,714.88)|789.15|(16,925.73)||
|Alternative income REIT plc|||||||
|20,000 Ordinary shares of 1p|20,220.00||||20,220.00|14,440.00|
|Warehouse REIT|||||||
|8,000 Ordinary shares of 1p|8,100.00||||8,100.00||
|(8,000) Disposal|||(13,020.16)|4,920.16|(8,100.00)||
|Aberforth Split Level Income trust plc|||||||
|20,000 Ordinary shares of 1p|19,654.91||||19,654.91||
|5,000 Ordinary shares of 1p||3,428.12|||3,428.12||
|25,000|||||23,083.03|20,150.00|
|Japan Income & Growth Trust plc|||||||
|8,754 Ordinary shares of 1p|12,140.28||||12,140.28|11,015.00|
|Chelvertou UK Dividend Trust|||||||
|10,000 Ordinary shares of 25p|18,467.92||||18,467.92||
|(10,000) Disposal|||(21,627.30)|3,159.38|(18,467.92)||
||337,176.91|19,585.38|(129,544.96)|13,482.35|240,699.68|244,418.00|





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||||Purchases|Proceeds of|Profit/||Market|
|---|---|---|---|---|---|---|---|
|||At cost|during|Sales in|(Loss)|At Cost|Value at|
|||31−Dec−20|the year|the year|onSales|31−Dec−21|31−Dec−21|
|||£|£|£|£|£|£|
|Section A Holdings||||||||
||brought forward|337,176.91|19,585.38|(129,544.96)|13,482.35|240,699.68|244,418.00|
|Tritax Eurobox||||||||
|10,000|Ordinary shares of 1p|10,025.98||||10,025.98||
|5,000|Ordinary shares of 1p||5,654.25|||5,654.25||
|15,000||||||15,680.23|17,550.00|
|Supermarket Income REIT||||||||
|15,000|Ordinary shares o f 1p|15,761.85||||15,761.85|18,300.00|
|Murray International Trust||||||||
|1,500|Ordinary shares of 0.25p|16,352.70||||16,352.70||
|(1,500)|Disposal|||(16,666.12)|313.42|(16,352.70)||
|Aberdeen Standard Equity Income Trust plc||||||||
|5,000|Ordinary shares of 25p|20,083.53||||20,083.53|17,800.00|
|Regional Reit||||||||
|20,000|Ordinary shares npv|22,580.90||||22,580.90|18,780.00|
|Sequoia Economic Infrastructure||||||||
|17,000|NPV|19,948.65||||19,948.65|18,326.00|
|Octopus Renewables||||||||
|17,320|Ordinary shares o f 1p||18,160.83|||18,160.83|19,191.00|
|Schroderincome Growth Fund||||||||
|5,000|Ordinary shares o f 1p|15,371.75||||15,371.75||
|(5,000)|Disposal|||(15,449.13)|77.38|(15,371.75)||
|City of London Investment Trust||||||||
|6,000|Ordinary shares of 25p|23,676.69||||23,676.69|23,640.00|
|Henderson|Far East Income Ltd|||||||
|5,000|Ordinary shares npv|16,527.00||||16,527.00|14,750.00|
|Invesco Perpetual UK Smaller||||||||
|2,500|Ordinary shares of 20p|10,371.62||||10,371.62|15,325.00|
|M&G Plc||||||||
|5,000|Ordinary shares o f 5p|8,921.05||||8,921.05|9,975.00|
|||516,798.63|43,400.46|(161,660.21)|13,873.15|412,412.03|418,055.00|





## 

## 

|||Purchases|Proceeds of|Profit/|||Market|
|---|---|---|---|---|---|---|---|
||At cost|during|Sales in|(Loss)|At Cost||Value at|
||31−Dec−20|the year|the year|on Sales|31−Dec−21||31−Dec−21|
||£|£|£|£|£||£|
|Section A holdings||||||||
|brought forward|516,798.63|43,400.46|(161,660.21)|13,873.15|412,412.03||418,055.00|
|Home Reit Plc||||||||
|20,000 Ordinary shares of 1p|20,245.00||||20,245.00|||
|20,000 Ordinary shares of 1p||22,049.50|||22,049.50|||
|(40,000) Disposal|||(45,942.27)|3,647.77|(42,294.50)|||
|Invesco Asia Trust||||||||
|3,000 Ordinary shares of 10p|9,572.63||||9,572.63||10,590.00|
|Downing Renewables & Infrastructure Trust plc||||||||
|24,000 Ordinary shares of 1p|24,255.00||||24,255.00||24,840.00|
|Keystone Positive Change Investment Trust||||||||
|3,500 Ordinary shares of 10p||12,152.99|||12,152.99||10,850.00|
|Digital 9 Infrastructure plc||||||||
|13,000 Ordinary NPV||13,210.00|||13,210.00|||
|20,000 Ordinary NPV||21,748.75|||21,748.75|||
|(13,000) Disposal|||(15,036.29)|1,826.29|(13,210.00)|||
|20,000|||||21,748.75||22,760.00|
|Gore Street Energy Storage Fund plc||||||||
|20,000 Ordinary shares of 1p||20,626.00|||20,626.00||23,600.00|
|Urban Logistics Reit plc||||||||
|8,494 Ordinary shares of 1p||13,376.53|||13,376.53||15,884.00|
|Target Healthcare Reit plc||||||||
|20,000 Ordinary shares of 1p||23,252.50|||23,252.50||23,600.00|
|Harmony Energy Income Trust plc||||||||
|20,000 Ordinary shares of 1p||20,245.00|||20,245.00||19,900.00|
|Life Science Reit plc||||||||
|15,000 Ordinary shares of 1p||15,355.17|||15,355.17||15,188.00|
|JPMorgan UK Smaller COS Investment Trust||||||||
|2,500 Ordinary shares of 5p||10,075.16|||10,075.16|•|9,925.00|
||570,871.26|215,492.06|(222,638.77)|19,347.21|583,071.76||595,192.00|