THE SIR JOHN GIELGUD CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2024 DAVERT BANKS & COMPANY WOODLAND LODGE THE W)ODLANDS ESHER. SURREY KT10 8DD
THE SIR JOHN GIELGUD CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE SIR JOHN GIELGUD CHARITABLE TRUST ON Page Legal and Admini3trative Information Report of the Truste88 213 Independent Examinerfs Report Balance Sheet statament of Flnanclal Activltles Inve8trnent Account 719 Investrnent Income 10112 Notes to the Flnanclal Ststements 13114
THE SIR JOHN GIELGUD CHARITABLE TRUST LEGAL AND A MINISTRATIVE INFO MATION Constitutlon The Sir John Gielgud Charitsble Trust is a Registered Charity govemed by the Trust Deed dated 28th March 1988, Charity Number 800045. Trustees The TNstees who served durlng or for part of the year and who were appointed and reb'red during the year. were as ft)Ilows: l G Bradshaw J Suzman J W Lewls C Bloom B J Whishaw N Grace - Chaimn Retired 4 July 2023 - Appointed 4 Juty 2023 Independent Examinar R T Hecquet FCA Davert Banks & Co Woodland Lodge The Woodlands Esher, Surr6y Kr10 8 DD Bankers Chlld & Co 1 Fleet Street London EC4A 1 BD Solicltor8 Smyth Barkham LLP 1 Mitr8 Court Bulldlngs Inner Temple London EC4Y 7BS Investrnent Managors Rathbone Investment Management Port of Liverpool Building Pier Head Livwpool L3 1 NW
THE SIR JOHN GIELGUD CHARITABLE TRUST REPORT OF THE TRUSTEES- 1 FOR THE YEAR ENDED 5 APRIL 2024 The Trustees are pleased to present their Report togéther with the Financial Statements of the Ch8rity for the year ended 5 April 2024. Legal and Administrafjve Information, set out on Page 1, forms part of thls Report The Financial Statements compty with current statutory requirements and the Statement of Recommended Practice - Accounting and Reportlng by Charities. Objecllves and Actlvlt188 The Obits of the Sir John Glalgud Charltable Trust are general charitable objects. However, given the original settlorfs theatrical background, the trustees have re501ved to principally use the funds to provide bursary grants to final year drama students attending drama collegeslschgols within the United Kingdom. Achievemants and Perforniance The trustees invited a number of drama schools wiihin the United Kingdom (previously members of the Conference of Drama Schools) to nominate one student candidate per drama school and who in the drama school's view show5 promising abilitles and is suffering financial hardship. The trustees awarded twenty bursaries of £6,000 for this year, one Drama School wa5 not able to nominate a candidate Flnancial Rovlew The Charlty held unrestricted funds at the 5 April 2024, amounting to £2,114,132 Income for tha year was £66,420 and after charitable bursaries and other costs, the level of outgoing resources for the year was £92,171. Realised Investment Ioss8s and Unrealised Inv8stment gains gave outgolngs for the year of £43,071. The Chartty hold reserv&s to meet tho charitable bursaries and other costs. The Charity relies on ts res8Nes and Gapital Investment growth to cover exFenditure not Govered by income. Structure, Governanco and Management The charitable trust is a charlty established by trust deed. There are currently five trustees who meet at least [ce a year in order to consider and approve the charity's accounts and investment performan of the charty's share portfolio as well as assessing and selecting the student nominations sent by the drama schools. The bulk of the charity's management is now perfomied by Smyth Barkham LLP, Solicitors, of which one of the truslees, lan Bradshaw, is a consultsnt.
THE SIR JOHN GIELGUD CHARITABLE TRUST REPORTOF THE TRUSTEES- 2 FOR THE YEAR ENDED 5 APRIL 2024 Reference and Adminlstratlve Deta118 Any Corresponden or contact with the Charty shoukl be through lan Bradshaw at Smyth Barkham LLP 1 Mltre Court Bulldlngs, Inner Temple, EC4Y 7BS. Telephone 0207 299 3560 The Charity does not accept private nominations and only accepts nominatlons from a number of drama schools which the trustees hav8 8elected to nomlnate a student. Approved by the Tru3tees and signed on their behalf by l G Bradshaw Chaimian 202
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SIR JOHN GIELGUD CHARITABLE TRUST I report on the Financial Statements for the year ended 5 April 2024. which are set out on Pages 5 to 14. onsibilities of Trustefrs and Examlner ective res As the Charity's Trustees, you are responsible for the preparation of the Financial Statements,. you consider that the audit requirement of Section 145{1) of the Charities Act 2011 {'the Act'l does not apply. It is my responsibillty to state, on the basis of procedures specified in the General Directions given by the Charlty Commissioners under section 146{51(bl of the Act, whether particular matters have come to my attention. This report is made sole5y to the Charity's Trustees, as a body, in accordance wlth sectlon 145 of the Act. My work has been undertaken so that I might state to the Charity's Trustees the matters l am required to state to them In an independent examinerfs reFM)rt and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other Ihan the Charity's Trustees, as a body, for my independent examination. or for my report. Basis of Examlner's Re ort My examination was carried out in accordance with the General Dlrectlons given by the Charity Commissioners. An axaminatlon includes a review of the accounting records kept by the Charity and comparlson of the accounts presented with those records. It also inclLsdes consideration of any unusual items or dlsclosures in the accounts and seeking explanations from you concerning any such matter8. The procedures undertaken do not provide all the evidence that would be required by an audit and, consequently, I do not express an oplnion on the view given by the accounts. endent Examinefs Re ort Inde In connection with my examlnation, no matter has come to my attention:. which gives ma reasonable cau¥e to believe that in any material respect the requirements. to keep accounting records in accordance with Section 130 of the Act" and to prepare Financlal Statements which accord with th6 accounting records and to compty with the accoUnng requirements of the Act. have not b8en met: (x to which, in my opinlon, attentlon should be drawn in ordér to enable a proper understanding of the Financial Statements to be reached. R T Heoquet FCA Davert Banks & Co Woodland Lodge The Woodlands Esher, Surrey Kf10 8DD 2024
THE SIR JOHN GIELGUD CHARITABLE TRUST BALANCE SHEEr AT APRIL 2024 5 Aprll 2024 5 April 2023 Fixed Assets Investments - Pages 719 Capltsl Value of Royaltles £ 1,947,378.00 £ 2,015,777.00 84.979.00 84.979.00 2 032,357.00 2,100.756.00 urren Assets Cash at Bank . Child & Co- Interest-Bearing Account Current Account Smyth Barkham LLP Cllent Account at C Hoar8 & Co 42,759.01 1,OOQ.00 28.853.24 1,000.00 3,131.79 131.79 Funds held by Rathbones - Capstal Account - Income Account 37,348.19 2,755.55 28,853.29 2,828.55 86,994.54 61,666.87 Llabilit168: Amount falling due for payment within one year 5,220.00 5,220.00 Net Current Assets 81774.54 56,446.87 Net Assets £ 2.114131.54 £ 2 157.202.87 un Unrestricted £ 2,114131.54 £ 2157,202.87 Approved by the Trustees on the 2024 and sign¢d by l G Bradshaw on their behalf l G Bradsh
THE SIR JOHN GIELGUD CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES OR THE YEAR ENDED 5 APRIL 2024 Unrestricted Funds Totsl 5 April 2024 Totsl 5 April 2023 Note Incom8 from: Investments - Pages 10112 Royalties and Licence Fees Deposit Interest Other Receipt 58.861.59 £ $8.861.59 £ 6,602.70 6,602.70 955.98 955.98 62,983.54 4,458.48 1,287.05 300.00 Total 66,420.27 £ 66,420.27 £ 69.029.07 Expenditure on: Raislng Funds Investment Management Fees 9,088.95 9,088.95 9,515.38 Charltsble Activlti88 Educational Bursaries 114,000.00 114,000.00 120,000.00 Other Expenditure Independent Examiner's Fee Professional Charge5 Sundry Expenses 5,220.00 30,282.00 5,220.00 30.282.00 5,220.00 28,350.66 80.00 158 590.95 158,590.95 161166.04 Net {Expendlture) for the Year before InvestryEnt Gain81{Los8es} 92,170.68) { 92,170.68) ( 92,136.97) Net Gains l {Losses) on Investrnents - Pages 719 Realised Unrealised 4.887.93) { 53 987.28 4,887.93) 53,987.28 ( 1,255.13 140 732.31) Nat (Outgoings ) I Income 43,071.33) ( 43,071.331 ( 231,614.15) 2,157.202.87 2,388,817.02 Total Funds brought foTward 2,157 202.87 Totsl Funds carrl8d forward £ 2.114,131.54 £ 2.114 131.54 £ 2,157,202.87
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THE SIR JOHN GIELGUD CHARITABLE TRUST INVESTME INCOME- 1 YEAR E DED 5 APRIL 2024 UK Dividends Dividends Paid Bunzl PLC 1,500 Ordlnary Shares 750 Ordinary Shares Compass Group PLC 2,000 Ordinary Shares Diageo PLC 1,200 Ordinary Shares 850 Ordinary Shares Experian PLC 1,000 Ordlnary Shares Halma PLC 1,250 Ordlnary Shares Imp8x Environrnental Markots PLC 6,000 Ordlnary Shares J P Morgan Japanese Inv Trust 5.000 Ordinary Shares Lloyds Banking Group PLC 50.000 Ordinary Shares Mèrcantile Inv Trust PLC 15,000 Ordinary Shares Morgan Sindall PLC 2,000 Ordinary Shares National Grtd PLC 4,250 Ordinary Shares Paclfic Assets Trust PLC 5,700 Ordinary Sares Prudéntlal PLC 3,000 Ordlnary Shares RELX PLC 2,000 Ordinary Shares 1.000 Ordlnary Shares Rio Tinto PLC 750 Ordinary Shares Shell PLC 2,500 Euro 0.07Shares 1,500 Euro 0.07 Shares Smith & Nephew PLC 2,500 Ordinary Shares 1,500 Ordinary Shares Unilever PLC 1,250 Ordinary Shares 925 Ordinary Share5 Utillco Emerging Markets Ltd 12,500 Ordinary Shares 15,000 Ordinary Shares 681.00 136.50 300.00 369.96 417.96 437.92 259.38 174,00 325.00 1,260.00 1.117.50 2,080.00 2,422.50 131.10 468.47 778.00 170.00 2,422.66 574.75 1,189.95 459.50 178.35 472.88 1,023.24 537.50 645.00 19,033.11 10-
THE SIR JOHN GIELGUD CHARITABLE TRUST INVESTMENT INCOME - 2 YEAR ENDED 5 APRIL 2024 UK Fixed nterest Gross John Lewis PLC £50,000 6 118% Bond 2025 HSBC Holdlngs PLC 2027 £30,000 5.75% Treasury 20/0 Gilt 2025 £50,000 stock Treasury 4.25% 2027 £50,000 StcKk Treasury 118% Index Linked 2029 £30.000 stock Treasury 7J8°h Green Gilt 2033 £50,000 Stock £60,000 StoGk Treasury 1180kn Index Linked 2036 £20,000 stock 3,062.50 1.725.00 1,000.00 2,125.00 59.48 218.75 262.50 18.17 8 471.40 Untt Trust Divid nds Dlvidends Paid JP Morgan Japan C 5,000 Shares Jupiter Japan Income Sharas 25,000 Shares Link Fund Ruffer Totsl Retum 20,000 Shares Ruffer Charlty Assets Trust 50,000 Shares Trojan Ethical S Inc 60,000 Sha$ 85.50 655.36 979.56 1,176.32 1,066.68 3.963.42 K UnitTrust Dis ributions Gross Charities Propety Fund 50.000 Units 40.000 Units COIF Charity Fixed Interest 35,582 Units Mayfair Trust for Charity 60,283 Shares Rathbone High Quality Bond 35,000 Units Rathbone Unit Trust- Ethical Bond Fund 50,000 Units 705.05 2,520.28 978.48 2,859.77 161.00 1.998.00
THE SIR JOHN GIELGUD CHARITABLETRUST INVESTMENT INCOME- 3 YEAR ENDED 5 APRIL 20 UK Pro Income Distribution Gross Trip18 Point socia Housing 30,000 Shares 1638.00 Ove sea Fixed Interest CG Portfolio Absolute Return M Inc 600 Shares Goldman Sachs £25,000 Snr Mtn 2027 Ishares 111 Gbl Govt Bonds 8,500 Shares Payden Global Llnked 8ond 4,000 Shares 5,000 Shares 1,732,36 375.00 423.30 1,277.20 650.00 4 457.86 Overseas Div'dends Gross Tax Received Canadian General 3,000 Shares Capitsl Invest Co of America 4,250 Shares 4,500 Shares Capital Total Opps 4,000 Shares Digital 9 Infrastructure PLC 35,000 Sharas Flr8t Trust US Equity 1,250 Shares Guinness Asian Equlty Income 1,500 Shares Investor A8 Series 8 750 Shares Neslle SA 100 Shares Roche Holdings AG 100 Shares Sequoia Economic Infrastruct 60,000 Shares Siemens AG 175 Shares 1.704.04 192.44 1,511.60 257.83 728.01 257.83 728.01 1,257.60 1,257.80 525.00 525.00 1,259.22 1,259.22 1,000.35 1,000.35 252.18 75.66 176.52 262.36 91.83 170.53 846.59 296.31 550.28 4,125.00 4,125.00 697.15 183.87 513.28 12 915.33 840.11 12.075,22 Total Investment Income Received £ 58,861.59 12-
THE SIR JOHN GIELGUD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - 1 FOR THE YEAR ENDED 5 APRIL 2024 Accountin Policies (al Bas18 of Preparation Th8 Financial Statements have been prepared in accordance wlth the Statement of Recommended Practice applicable to Charities in accordance with the Financial Reportlng Standard 8pplicable in th• UK and Republic of Ireland {FRS102). (b) Fund Accounting unrestricted Funds are available for use at the dlscretion of the TN$tees In fvrtherance of the general objectives of the Charlty and which have not been designated for other purposes. (c) Incoming R88ources All Incoming Resources are included in the Statement of Flnancial Activities when the Charity is legally entitled. For Legacies, entitlement 15 the legacy being received. (d) Resources Expended All Expenditure is accounted for on a paKI basis, wth the exception of the provision for the remuneratlon In respect of the account's preparation and examinatK)n fee. (e) Investments The Investments are stated at market Value at the 5 April 2024. Don Ions and du ational Bursaries Educational Bursaries comprising Nineteen payments of £ 6.000 13-
THE SIR JOHN GIELGUD CHARITABLE TRUST NOTES TO ThE FINANCIAL STATEMENTS- 2 FOR THE YEAR ENDED 5 APRIL 2024 abilits. Liabilities: Any)unt falling due for Payment wlthln one year Accruals - Independent Examinerfs Fee Trustees Remune The Trustees nelther re¢elved, nor waived any emoluments during the year (2022123 £ Nil)- The Tru8te8s did not reGeive travel exp8nses12022123 £60) During the year, a payment of £29,826 was made to Smyth Barkham LLP for Professlonal and Administration Services. l G Brad8h8w, a Trustee of this Charlty, is a consultant of that fimi. (202212023 - Professional and Administration Sarvices £ 25,570). 14-