**EDWARD STOCKS MASSEY BEQUEST FUND TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
BURNLEY BOROUGH COUNCIL, TOWN HALL, MANCHESTER ROAD BURNLEY LANCASHIRE BB11 9SA
Page 1
## **EDWARD STOCKS MASSEY BEQUEST FUND**
|**CONTENTS**
KEY DETAILS
REPORT OF THE TRUSTEES
FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
INDEPENDENT EXAMINER'S REPORT|**PAGE**|
|---|---|
||3
4 - 6
7 - 8
9 - 12
END|
Page 2
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **KEY DETAILS**
L WRIGHT
L HALSTEAD
YOUNG - DIRECTOR OF GOVERNANCE, FINANCE AND PUBLIC SERVICES,
Page 3
Page 4
## **EDWARD STOCKS MASSEY BEQUEST FUND**
nts in accordance with the Financial Reporting Standard for Smaller Equities, effective
the advancement of science, learning, music or other arts within the borough of Burnley.
he borough of Burnley who have gone into further education.
the Burnley Mechanics Institution Trust Fund, which was set up in the nineteenth century education in the town, was incorporated into the Edward Stocks Massey Bequest fund to ered by the Trustees in accordance with the objectives of the Bequest. Income generated to be used to fund special projects in Burnley Mechanics of an educational nature.
irector of Governance, Finance and Public Services at Lancashire County Council, is
Page 5
## **EDWARD STOCKS MASSEY BEQUEST FUND**
ll be persons residing or carrying on business in Burnley.
Page 6
## **EDWARD STOCKS MASSEY BEQUEST FUND**
nts, other than those charities following a more specialised SORP, to set out their Reserves
d are the schedule of investments as at 31st March 2022.
iot manage the investment portfolio in accordance with charity's long term objectives, which a medium risk financial strategy sufficient to meet annual income requirements and increase the fund through Capital growth.
iot adhere to the 80/20 rule, which prescribes that at least 80% of the portfolio's assets must
Page 7
## **EDWARD STOCKS MASSEY BEQUEST FUND**
iot charge 0.6% (+ VAT) per annum for managing the portfolio.
iot have a twice yearly meeting with trusttes in person and keep in contact via email
Page 8
## **EDWARD STOCKS MASSEY BEQUEST FUND**
hat might result from carrying out the charity's purpose.
Page 9
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Statement of Financial Activities for the year ended 31st March**
|**Notes**
**Incoming Resources**
Unrestricted Income
4
Investment Income - Dividends
Investment Income - Short-Term Investment
Charities Aid Foundation
Ground Rent
**Resources Expended**
Charitable Expenditure:
Grants Payable
5.1
Costs of Generating Funds
Investment Management Costs
5.2
Other Costs
ICO Data Controller Fee
5.3
**Net Incoming Resources / (Resources Expended)**
**Other Recognised Gains / (Losses)**
Gain / (Loss) on the Value of Investments
7
**Net Movement in Funds**
Funds brought forward 1st April 2021
**Funds carried forward 31st March 2022**|**2021/22**
**£**
**29,416**
**-**
**30**
**19**|
|---|---|
||**29,465**|
||**38,000**
**6,714**
**40**|
||**44,754**|
||**(15,289)**
**45,560**|
||**30,272**
**921,153**|
||**951,425**|
Page 10
**h 2022**
2020/21 £ 22,975 - 25 19 23,019 51,045 6,103 40 57,188 (34,169) 154,020 119,851 801,302 921,153
Page 11
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Balance Sheet as at 31st March 2022**
|**Notes**
**Fixed Assets**
Tangible Assets
6
Investments
7
**Current Assets**
8
Cash at Bank and in Hand
Cash held within the Investment Portfolio
Debtors
**Represented By:**
Unrestricted Funds
3
show BBC creditor??|**2021/22**
**£**
**106**
**938,851**|
|---|---|
||**938,957**
**87,569**
**15,761**
**1,590**|
||**104,920**|
||**1,043,877**|
||**1,043,877**|
|||
Page 12
## 2020/21 £
106 899,445 899,551 58,489 29,875 1,268 89,632 989,183 989,183
Page 13
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Notes to the Financial Statements for year ended 31st March 2022**
## 1 Basis of accounting
## 1 Investment income
## 2 Investment gains & losses
## 3 Resources expended
## 4. Fixed Asset Investments
## 5 Administration and Financial Work
l the administrative and financial work relating to the charity is carried out by officers of
r these services.
Page 14
Page 15
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Notes to the Financial Statements for year ended 31st March 2**
## **4. Analysis of Incoming Resources**
## Unrestricted Income
Investment Income Burnley Borough Council - Interest on Short-Term Investment Charities Aid Foundation Ground Rent
## **5. Analysis of Resources Expended**
## - 5.1 Charitable Expenditure Grants Payable
## Burnley Borough Council
Schools Mental Welbeing Project Towneley Hall Covid Art Exhibition Towneley Hall Guide to Art Collection Towneley Hall Conservation of Oil Painting Towneley Hall British Textile Biennial Outdoor Art Exhibition
## Lancashire County Council
Burnley Music Centre at Shuttleworth College Burnley Libraries - programme of adult and children events
Page 16
|**022 (continued)**
**2021/22**
2020/21
**£**
£
**29,416**
22,975
**30**
25
**19**
19
**29,465**
23,019
**5,000**
7,500
4,000
2,000
2,000
**5,000**
**10,000**
15,500
**6,500**
9,814
**3,500**
5,686
**10,000**
15,500|**022 (continued)**
**2021/22**
2020/21
**£**
£
**29,416**
22,975
**30**
25
**19**
19
**29,465**
23,019
**5,000**
7,500
4,000
2,000
2,000
**5,000**
**10,000**
15,500
**6,500**
9,814
**3,500**
5,686
**10,000**
15,500|
|---|---|
|
**2021/22**
**£**
**29,416**
**30**
**19**
**29,465**
**5,000**
**5,000**
**10,000**
**6,500**
**3,500**
**10,000**||
||23,019|
||7,500
4,000
2,000
2,000|
||15,500
9,814
5,686|
||15,500|
Page 17
## **EDWARD STOCKS MASSEY BEQUEST FUN**
## **Notes to the Financial Statements for year ended 31st Ma**
## **5. Analysis of Resources Expended (continued)**
## - 5.1 Charitable Expenditure Grants Payable (continued)
- Burnley Mechanics Burnley Leisure
Community Arts Events & Projects
## Voluntary Organisations/Individuals
Burnley Film Makers Burnley Play Association - Vanguard Centre Burnley Municipal Choir Burnley Municipal Symphony Orchestra Burnley Parish Church of St. Peter TCB Burnley Bobcats JC Team Rise Project Padiham on Parade Burnley Singing for Lung Health 352 Air Training Corps Burnley and District Speakers Club Gawthorpe Textiles Collection Burnley Youth Theatre Holly Grove School St Peter's Parochial Church Council Burnley Tornadoes Amernican Football Club
Scholarship Awards
## - 5.2 Costs of Generating Funds Investment Management Costs
Investment Management Fee - Quilter Cheviot
Page 18
## 5.3 Compliance Fees
ICO Data Controller Fee (GDPR)
## **6. Tangible Assets**
Freehold interest in land at cost
Page 19
## **ND**
## **rch 2022 (continued)**
|**2021/22**
**£**
**3,000**
**400**
**1,000**
**800**
**1,100**
**1,200**
**1,000**
**950**
**750**
**800**
**8,000**
**7,000**
**38,000**
**6,714**
**6,714**|2020/21
£
5,000
600
720
1,000
800
750
2,000
1,050
450
675
8,045
7,000|
|---|---|
||51,045|
||6,103|
||6,103|
Page 20
|**40**
|40|
|---|---|
|**106**
|106|
Page 21
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Notes to the Financial Statements for year ended 31st March 2022 (continued)**
|**7.**|**Investments**
Market Value at 1st April 2021
Add: Acquisitions at cost
Less: Disposals at cost
Net Gain / (Loss) on Investments
Market Value at 31st March 2022
Investment Categories at 31st March 2022
Fixed Interest - United Kingdom
Fixed Interest - Overseas
Equities - United Kingdom
Equities - Other
Alternative Investments
Net Gain / (Loss) on Investments at 31st March 2022
Value of Investments
Disposal of Investments
Equalisation of Share value
**Current Assets**
Cash at Bank
Cash held within the Investment Portfolio - Quilter Cheviot
Debtor - Dividend Income - Quilter Cheviot
**Current Liabilities**
Creditor - Burnley Borough Council|**2021/22**
**£**
**899,445**
**122,965**
**(95,985)**
**12,426**
**938,851**
**145,390**
**52,564**
**255,538**
**403,252**
**82,107**
**938,851**
**45,560**
**(32,992)**
**(143)**
**12,426**
**87,569**
**15,761**
**1,590**
**104,920**
**89,085**
**89,085**|2020/21
£
757,457
118,781
(140,215)
163,422|
|---|---|---|---|
|**8.**||||
||||899,445|
||||155,982
72,264
285,010
368,270
17,919|
||||899,445|
||||154,020
9,494
(92)|
||||163,422|
||||58,489
29,875
1,268|
|**9.**||||
||||89,632|
||||51,085|
|||||
||||51085|
Page 22
**Estate of the Late Edward Stocks Massey Schedule of Investments as at 31st March 2022 and Income for the Year 202**
.
|**Restated**
**Nominal**
**Value**
**31/03/2021**
**Units**
56,813
57,030
40,944|**Fixed Interest- United Kindom**
FIL Investment Services (UK) Ltd Fidelity Monrybuilder I
FIL Investment Services (UK) Ltd Fidelity Monrybuilder W
M&G Securities Limited Corporate Bond
Royal London Unit Trust Managers UK Govt. Bond
Royal London Unit Trust Managers UK Govt. Bond
**Fixed Interest- Overseas**
AXA Investment Managers UK ltd Gross Dis
Pimco Global Advisors Irl Ltd
**Equities- United Kingdom**
Artemis Fund Managers Income Inatitutional
GlaxoSmithkline GBP 0.25
HSBC Holdings PLC USD 0.50
JP Morgan Asset Management
Legal & General (Unit Trust Managers) UK 100 Index
M&G Securities Ltd Charifund
Royal Dutch Shell EURO.07
**Equities- Other**
Artemis Fund Managers Global Income Units
Baille Giford & Co Japanese Income Growth W4 Dis
Blackrock Fund Managers Ltd Continental European
Blackrock Fund Managers Ltd Nrth American
Blackrock Fund Managers Ltd|**Restated**
**Market**
**Value @**
**Acquisitions**
**Conversions**
**Disposals**
**Realisation**
**31/03/2021**
**at cost**
**@ NBV**
**from Disposal**
**Equalisation**
**£**
**£**
**£**
**£**
**£**
57,779
57,316
40,887|
|---|---|---|
|**154,788**||**155,982 - - - - -**|
|38,587
2,710||35,083
37,181
(16,760) 38|
|**41,297**||**72,264 - -**
**(16,760) 38 -**|
|143,437
1,500
29,000
5,110
800||141,113
19,320
38,657
(38,187)
(2,355)
75,240
10,680
(392)
(10,315)|
|**179,847**||**285,010 - -**
**(38,579)**
**(12,670) -**|
|16,500
28,515
22,470||P
23
25,394
49,716
(21)
59,534
(40,646)
(20,360)
4,440|
|19,415
8,500
4,180
2,030
-
570|BNY Mellon Glb Fds Mkts Debt Loc
BNY Mellon Fund Managers Ltd US Equity
Fidelity UCITS CAV US
Kleinwort Benson Investors Institute North America
Matthews Asia Funds
M&G Securites Limited Global Div
Schroder Unit Trusts European Alpha Income L
Allspring (Lux) Worldwide Fund Emerg Mkts
Fidelity UCITS ICAV US
**Alternative Investments**
BMO fund Management Ltd BMO Property Growth & Income I
HICL Infrastructure plc
International Public Partner
The Renewables Infrastructure Grp|23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079|23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079|23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079|
|---|---|---|---|---|
|**102,180**||**368,270 64,573 -**
**(40,646)**
**(20,360)**
**(80)**|||
|1,845||17,919 8,339
(62)
19,991
9,999
20,063|||
|**1,845**||**17,919 58,392 - - -**
**(62)**|||
||||||
|**479,956**||**899,445 122,965 -**
**(95,985)**
**(32,992)**
**(143)**|||
||||**(128,977)**|**45,418**|
P 24
**21/22**
||**Market**
**Nominal**||**Estimated**|
|---|---|---|---|
||**Value @**
**Value**|**Book**|**Income**|
|**Revaluation**|**31/03/2022**
**31/03/2022**|**Cost**|**2021/22**|
|**£**|**£**
**Units**|**£**|**£**|
|(4,227)|53,552 56,813|52,569|1,973.73|
|-||||
|(3,884)|53,432 57,030|51,942|1,404.15|
|-||||
|(2,481)|38,406 40,944|36,061|437.37|
|**(10,592)**|**145,390 154,788**|**140,572**|**3,815.25**|
|(1,104)|33,979 38,587|40,031|1,446.54|
|(1,874)|18,585 1,500|20,777|691.58|
|-||||
|**(2,978)**|**52,564 40,087**|**60,808**|**2,138.12**|
|8,994|150,107 143,437|91,516|**5,415.89**|
|5,388|24,708 1,500|8,796|1,200.00|
|-||||
|-||||
|1,885|- -||**652.84**|
|5,483|80,723 5,110|52,444|**3,832.50**|
|27|- -|-||
|**21,777**|**255,538 150,047**|**152,757**|**11,101.23**|
|(1,964)|23,430 16,500|19,155|**483.45**|
|6,024|55,719 30,940|43,959|**1,625.05**|
|1,472|- -|-|**356.27**|
|(4,440)||||
25
P
|(23,372)
37,919 77,913 51,615 60,171**1,245.91**
(49,364)
**1,482.75**
8,673 84,185 4,180 46,667**1,788.37**
(2,050) 27,263 2,030 20,158**544.97**
-
-
(3,009) 53,056 570 52,150**2,447.02**
61,607 81,686 11,830 60,232|(23,372)
37,919 77,913 51,615 60,171**1,245.91**
(49,364)
**1,482.75**
8,673 84,185 4,180 46,667**1,788.37**
(2,050) 27,263 2,030 20,158**544.97**
-
-
(3,009) 53,056 570 52,150**2,447.02**
61,607 81,686 11,830 60,232|
|---|---|
|**31,495 403,252 117,665 302,491 9,973.79**||
|3,102 29,298 2,430 27,187**721.33**
906 20,897 11,740 19,991 847.35
234 10,233 5,915 9,999**223.59**
1,616 21,679 16,035 20,063**951.55**||
|**5,858 82,107 36,120 77,240 2,743.82**||
|||
|**45,560 938,851 498,707 733,866 29,772**||
|||
P 26
**EDWARD STOCKS MASSEY BEQUEST FUND TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
BURNLEY BOROUGH COUNCIL, TOWN HALL, MANCHESTER ROAD BURNLEY LANCASHIRE BB11 9SA
Page 1
## **EDWARD STOCKS MASSEY BEQUEST FUND**
|**CONTENTS**
KEY DETAILS
REPORT OF THE TRUSTEES
FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
INDEPENDENT EXAMINER'S REPORT|**PAGE**|
|---|---|
||3
4 - 6
7 - 8
9 - 12
END|
Page 2
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **KEY DETAILS**
L WRIGHT
L HALSTEAD
YOUNG - DIRECTOR OF GOVERNANCE, FINANCE AND PUBLIC SERVICES,
Page 3
Page 4
## **EDWARD STOCKS MASSEY BEQUEST FUND**
nts in accordance with the Financial Reporting Standard for Smaller Equities, effective
the advancement of science, learning, music or other arts within the borough of Burnley.
he borough of Burnley who have gone into further education.
the Burnley Mechanics Institution Trust Fund, which was set up in the nineteenth century education in the town, was incorporated into the Edward Stocks Massey Bequest fund to ered by the Trustees in accordance with the objectives of the Bequest. Income generated to be used to fund special projects in Burnley Mechanics of an educational nature.
irector of Governance, Finance and Public Services at Lancashire County Council, is
Page 5
## **EDWARD STOCKS MASSEY BEQUEST FUND**
ll be persons residing or carrying on business in Burnley.
Page 6
## **EDWARD STOCKS MASSEY BEQUEST FUND**
nts, other than those charities following a more specialised SORP, to set out their Reserves
d are the schedule of investments as at 31st March 2022.
iot manage the investment portfolio in accordance with charity's long term objectives, which a medium risk financial strategy sufficient to meet annual income requirements and increase the fund through Capital growth.
iot adhere to the 80/20 rule, which prescribes that at least 80% of the portfolio's assets must
Page 7
## **EDWARD STOCKS MASSEY BEQUEST FUND**
iot charge 0.6% (+ VAT) per annum for managing the portfolio.
iot have a twice yearly meeting with trusttes in person and keep in contact via email
Page 8
## **EDWARD STOCKS MASSEY BEQUEST FUND**
hat might result from carrying out the charity's purpose.
Page 9
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Statement of Financial Activities for the year ended 31st March**
|**Notes**
**Incoming Resources**
Unrestricted Income
4
Investment Income - Dividends
Investment Income - Short-Term Investment
Charities Aid Foundation
Ground Rent
**Resources Expended**
Charitable Expenditure:
Grants Payable
5.1
Costs of Generating Funds
Investment Management Costs
5.2
Other Costs
ICO Data Controller Fee
5.3
**Net Incoming Resources / (Resources Expended)**
**Other Recognised Gains / (Losses)**
Gain / (Loss) on the Value of Investments
7
**Net Movement in Funds**
Funds brought forward 1st April 2021
**Funds carried forward 31st March 2022**|**2021/22**
**£**
**29,416**
**-**
**30**
**19**|
|---|---|
||**29,465**|
||**38,000**
**6,714**
**40**|
||**44,754**|
||**(15,289)**
**45,560**|
||**30,272**
**921,153**|
||**951,425**|
Page 10
**h 2022**
2020/21 £ 22,975 - 25 19 23,019 51,045 6,103 40 57,188 (34,169) 154,020 119,851 801,302 921,153
Page 11
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Balance Sheet as at 31st March 2022**
|**Notes**
**Fixed Assets**
Tangible Assets
6
Investments
7
**Current Assets**
8
Cash at Bank and in Hand
Cash held within the Investment Portfolio
Debtors
**Represented By:**
Unrestricted Funds
3
show BBC creditor??|**2021/22**
**£**
**106**
**938,851**|
|---|---|
||**938,957**
**87,569**
**15,761**
**1,590**|
||**104,920**|
||**1,043,877**|
||**1,043,877**|
|||
Page 12
## 2020/21 £
106 899,445 899,551 58,489 29,875 1,268 89,632 989,183 989,183
Page 13
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Notes to the Financial Statements for year ended 31st March 2022**
## 1 Basis of accounting
## 1 Investment income
## 2 Investment gains & losses
## 3 Resources expended
## 4. Fixed Asset Investments
## 5 Administration and Financial Work
l the administrative and financial work relating to the charity is carried out by officers of
r these services.
Page 14
Page 15
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Notes to the Financial Statements for year ended 31st March 2**
## **4. Analysis of Incoming Resources**
## Unrestricted Income
Investment Income Burnley Borough Council - Interest on Short-Term Investment Charities Aid Foundation Ground Rent
## **5. Analysis of Resources Expended**
## - 5.1 Charitable Expenditure Grants Payable
## Burnley Borough Council
Schools Mental Welbeing Project Towneley Hall Covid Art Exhibition Towneley Hall Guide to Art Collection Towneley Hall Conservation of Oil Painting Towneley Hall British Textile Biennial Outdoor Art Exhibition
## Lancashire County Council
Burnley Music Centre at Shuttleworth College Burnley Libraries - programme of adult and children events
Page 16
|**022 (continued)**
**2021/22**
2020/21
**£**
£
**29,416**
22,975
**30**
25
**19**
19
**29,465**
23,019
**5,000**
7,500
4,000
2,000
2,000
**5,000**
**10,000**
15,500
**6,500**
9,814
**3,500**
5,686
**10,000**
15,500|**022 (continued)**
**2021/22**
2020/21
**£**
£
**29,416**
22,975
**30**
25
**19**
19
**29,465**
23,019
**5,000**
7,500
4,000
2,000
2,000
**5,000**
**10,000**
15,500
**6,500**
9,814
**3,500**
5,686
**10,000**
15,500|
|---|---|
|
**2021/22**
**£**
**29,416**
**30**
**19**
**29,465**
**5,000**
**5,000**
**10,000**
**6,500**
**3,500**
**10,000**||
||23,019|
||7,500
4,000
2,000
2,000|
||15,500
9,814
5,686|
||15,500|
Page 17
## **EDWARD STOCKS MASSEY BEQUEST FUN**
## **Notes to the Financial Statements for year ended 31st Ma**
## **5. Analysis of Resources Expended (continued)**
## - 5.1 Charitable Expenditure Grants Payable (continued)
- Burnley Mechanics Burnley Leisure
Community Arts Events & Projects
## Voluntary Organisations/Individuals
Burnley Film Makers Burnley Play Association - Vanguard Centre Burnley Municipal Choir Burnley Municipal Symphony Orchestra Burnley Parish Church of St. Peter TCB Burnley Bobcats JC Team Rise Project Padiham on Parade Burnley Singing for Lung Health 352 Air Training Corps Burnley and District Speakers Club Gawthorpe Textiles Collection Burnley Youth Theatre Holly Grove School St Peter's Parochial Church Council Burnley Tornadoes Amernican Football Club
Scholarship Awards
## - 5.2 Costs of Generating Funds Investment Management Costs
Investment Management Fee - Quilter Cheviot
Page 18
## 5.3 Compliance Fees
ICO Data Controller Fee (GDPR)
## **6. Tangible Assets**
Freehold interest in land at cost
Page 19
## **ND**
## **rch 2022 (continued)**
|**2021/22**
**£**
**3,000**
**400**
**1,000**
**800**
**1,100**
**1,200**
**1,000**
**950**
**750**
**800**
**8,000**
**7,000**
**38,000**
**6,714**
**6,714**|2020/21
£
5,000
600
720
1,000
800
750
2,000
1,050
450
675
8,045
7,000|
|---|---|
||51,045|
||6,103|
||6,103|
Page 20
|**40**
|40|
|---|---|
|**106**
|106|
Page 21
## **EDWARD STOCKS MASSEY BEQUEST FUND**
## **Notes to the Financial Statements for year ended 31st March 2022 (continued)**
|**7.**|**Investments**
Market Value at 1st April 2021
Add: Acquisitions at cost
Less: Disposals at cost
Net Gain / (Loss) on Investments
Market Value at 31st March 2022
Investment Categories at 31st March 2022
Fixed Interest - United Kingdom
Fixed Interest - Overseas
Equities - United Kingdom
Equities - Other
Alternative Investments
Net Gain / (Loss) on Investments at 31st March 2022
Value of Investments
Disposal of Investments
Equalisation of Share value
**Current Assets**
Cash at Bank
Cash held within the Investment Portfolio - Quilter Cheviot
Debtor - Dividend Income - Quilter Cheviot
**Current Liabilities**
Creditor - Burnley Borough Council|**2021/22**
**£**
**899,445**
**122,965**
**(95,985)**
**12,426**
**938,851**
**145,390**
**52,564**
**255,538**
**403,252**
**82,107**
**938,851**
**45,560**
**(32,992)**
**(143)**
**12,426**
**87,569**
**15,761**
**1,590**
**104,920**
**89,085**
**89,085**|2020/21
£
757,457
118,781
(140,215)
163,422|
|---|---|---|---|
|**8.**||||
||||899,445|
||||155,982
72,264
285,010
368,270
17,919|
||||899,445|
||||154,020
9,494
(92)|
||||163,422|
||||58,489
29,875
1,268|
|**9.**||||
||||89,632|
||||51,085|
|||||
||||51085|
Page 22
**Estate of the Late Edward Stocks Massey Schedule of Investments as at 31st March 2022 and Income for the Year 202**
.
|**Restated**
**Nominal**
**Value**
**31/03/2021**
**Units**
56,813
57,030
40,944|**Fixed Interest- United Kindom**
FIL Investment Services (UK) Ltd Fidelity Monrybuilder I
FIL Investment Services (UK) Ltd Fidelity Monrybuilder W
M&G Securities Limited Corporate Bond
Royal London Unit Trust Managers UK Govt. Bond
Royal London Unit Trust Managers UK Govt. Bond
**Fixed Interest- Overseas**
AXA Investment Managers UK ltd Gross Dis
Pimco Global Advisors Irl Ltd
**Equities- United Kingdom**
Artemis Fund Managers Income Inatitutional
GlaxoSmithkline GBP 0.25
HSBC Holdings PLC USD 0.50
JP Morgan Asset Management
Legal & General (Unit Trust Managers) UK 100 Index
M&G Securities Ltd Charifund
Royal Dutch Shell EURO.07
**Equities- Other**
Artemis Fund Managers Global Income Units
Baille Giford & Co Japanese Income Growth W4 Dis
Blackrock Fund Managers Ltd Continental European
Blackrock Fund Managers Ltd Nrth American
Blackrock Fund Managers Ltd|**Restated**
**Market**
**Value @**
**Acquisitions**
**Conversions**
**Disposals**
**Realisation**
**31/03/2021**
**at cost**
**@ NBV**
**from Disposal**
**Equalisation**
**£**
**£**
**£**
**£**
**£**
57,779
57,316
40,887|
|---|---|---|
|**154,788**||**155,982 - - - - -**|
|38,587
2,710||35,083
37,181
(16,760) 38|
|**41,297**||**72,264 - -**
**(16,760) 38 -**|
|143,437
1,500
29,000
5,110
800||141,113
19,320
38,657
(38,187)
(2,355)
75,240
10,680
(392)
(10,315)|
|**179,847**||**285,010 - -**
**(38,579)**
**(12,670) -**|
|16,500
28,515
22,470||P
23
25,394
49,716
(21)
59,534
(40,646)
(20,360)
4,440|
|19,415
8,500
4,180
2,030
-
570|BNY Mellon Glb Fds Mkts Debt Loc
BNY Mellon Fund Managers Ltd US Equity
Fidelity UCITS CAV US
Kleinwort Benson Investors Institute North America
Matthews Asia Funds
M&G Securites Limited Global Div
Schroder Unit Trusts European Alpha Income L
Allspring (Lux) Worldwide Fund Emerg Mkts
Fidelity UCITS ICAV US
**Alternative Investments**
BMO fund Management Ltd BMO Property Growth & Income I
HICL Infrastructure plc
International Public Partner
The Renewables Infrastructure Grp|23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079|23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079|23,372
40,054
(59)
49,364
75,512
29,313
56,065
20,079|
|---|---|---|---|---|
|**102,180**||**368,270 64,573 -**
**(40,646)**
**(20,360)**
**(80)**|||
|1,845||17,919 8,339
(62)
19,991
9,999
20,063|||
|**1,845**||**17,919 58,392 - - -**
**(62)**|||
||||||
|**479,956**||**899,445 122,965 -**
**(95,985)**
**(32,992)**
**(143)**|||
||||**(128,977)**|**45,418**|
P 24
**21/22**
||**Market**
**Nominal**||**Estimated**|
|---|---|---|---|
||**Value @**
**Value**|**Book**|**Income**|
|**Revaluation**|**31/03/2022**
**31/03/2022**|**Cost**|**2021/22**|
|**£**|**£**
**Units**|**£**|**£**|
|(4,227)|53,552 56,813|52,569|1,973.73|
|-||||
|(3,884)|53,432 57,030|51,942|1,404.15|
|-||||
|(2,481)|38,406 40,944|36,061|437.37|
|**(10,592)**|**145,390 154,788**|**140,572**|**3,815.25**|
|(1,104)|33,979 38,587|40,031|1,446.54|
|(1,874)|18,585 1,500|20,777|691.58|
|-||||
|**(2,978)**|**52,564 40,087**|**60,808**|**2,138.12**|
|8,994|150,107 143,437|91,516|**5,415.89**|
|5,388|24,708 1,500|8,796|1,200.00|
|-||||
|-||||
|1,885|- -||**652.84**|
|5,483|80,723 5,110|52,444|**3,832.50**|
|27|- -|-||
|**21,777**|**255,538 150,047**|**152,757**|**11,101.23**|
|(1,964)|23,430 16,500|19,155|**483.45**|
|6,024|55,719 30,940|43,959|**1,625.05**|
|1,472|- -|-|**356.27**|
|(4,440)||||
25
P
|(23,372)
37,919 77,913 51,615 60,171**1,245.91**
(49,364)
**1,482.75**
8,673 84,185 4,180 46,667**1,788.37**
(2,050) 27,263 2,030 20,158**544.97**
-
-
(3,009) 53,056 570 52,150**2,447.02**
61,607 81,686 11,830 60,232|(23,372)
37,919 77,913 51,615 60,171**1,245.91**
(49,364)
**1,482.75**
8,673 84,185 4,180 46,667**1,788.37**
(2,050) 27,263 2,030 20,158**544.97**
-
-
(3,009) 53,056 570 52,150**2,447.02**
61,607 81,686 11,830 60,232|
|---|---|
|**31,495 403,252 117,665 302,491 9,973.79**||
|3,102 29,298 2,430 27,187**721.33**
906 20,897 11,740 19,991 847.35
234 10,233 5,915 9,999**223.59**
1,616 21,679 16,035 20,063**951.55**||
|**5,858 82,107 36,120 77,240 2,743.82**||
|||
|**45,560 938,851 498,707 733,866 29,772**||
|||
P 26
## **Independent examiner’s report to the trustees of The Edward Stocks Massey Bequest Fund**
I report on the accounts of the Trust for the period ended 31 March 2022, which are set out on pages 7 to 8.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act
- to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Name: Amy Johnson
Relevant professional qualification or body: CPFA
Address: Burnley Borough Council
Date.. 17101123