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2023-04-05-accounts

Page
Reportof the Trustees 1to2
Independent Examiner'sReport 3
StatementofFinancialActivities 4
Balance Sheet 5
Notesto theFinancialStatements 6 to11
Detailed StatementofFinancialActivities L2

2lJ23 2022
Unrestricted Total
funds funds
Notes c t
INCOMEANDENDOWMENTSFROM
Investmentincome 2 38,293
33,630
EXPENDITUREON
Raising funds 3 6,264 6,739
Charitableactivities 4
Grants in furtherance of the charity's
objects 32,5O0 22,000
Grant related supportcosts 7,056 7,495
Total 45,820
36,234
Netgains/(losses) on investments (29,046)
51,231
NETrNCOM E/ (EXPENDTTURE) (36,573)
48,627
RECONCILIATIONOF FUNDS
Total funds broughtforward ,-,062,357 7,073,730
TOTALFUNDSCARRIEDFORWARD tro25,784 1,062,357

2023 2022
Unrestricted Total
funds funds
Notes C E
FIXEDASSETS
Investments		 B L,OO9,737 1,033,766
CURRENT ASSETS
Cashatbank		 L7t7O3
30,768
CREDITORS
Amountsfallingduewithinoneyear		 9 (1,656)
(1,577)
NET CURRENT ASSETS r6p47 29,191
TOTAL ASSETS LESSCURRENT
LIABXLITIES		 Lp25,784 1,062,357
NETASSETS LtO25t784 1,062,357
FUNDS
Unrestricted funds		 10 L,o25,784 L,462,357
TOTALFUNDS 1,025'784 t,062,357

INVESTMENT INCOME
2023 2022
E t
Dividends 36,098 30,992
Interest 2,195 2,639
38,293
:		 33,630
:
RAISINGFUNDS
Investmentmanagementcosts
2()23
E		 2022
t
Portfoliomanagement 4,846 4,930
Supportcosts L,418 1,809
6,264 6,739

CHARITABLEACTIVITIESCOSTS
Grant
funding of
activities Support
Direct (see note costs(see
Costs s) note6) Totals
E E E E
Grantsinfurtherance of the
charity'sobjects
Grant related supportcosts		 5,O82 32,5OO 97; 32,5OO
7,056
_14t3 32,5OO : 974 j:,slg
GRANTS PAYABLE
2()23
E		 2022
f
Grantsinfurtherance ofthecharity'sobjects 32,500 22,000
Thetotalgrantspaidtoinstitutions during the yearwasas
follows:
2023 2022
E t
WigmoreHallTrust 1,000 1,000
TheLeague oftheHelpingHand 3O,500 20,000_
NightingaleWalk l,OOO
GarsingtonOperaLimited 1,000
32,50O l?100

SUPPORTCOSTS
Governance
Management Finance costs Totals
Investment managementcosts
Grant related supportcosts		 E
L,236		 Eta2
ta2		 E
792		 E
1,4L8
974
L,236 364
:		 792
:		 2,392

Support costs, included in the abov
Management		 e, areas follows
zfJ23 2022
Investment
management Total
costs activities
2 t
Professional fees 1,236
:		 7,567
Finance
2023 2022
Grant
Investment related
management support Total Total
costs costs activities activities
Bank charges E
182
:		 Etaz E
364
:		 t
484
:
Governancecosts
2023 2022
Grant
related
support Total
costs activities
E t
Independent examinersfees 396 378
Accountancy fees 396 378
_22 756

FIXEDASSETINVESTMENTS
Listed
investment
E
MARKET VALUE
At6thApril2022 1,0331166
Additions 5,6L7
Revaluations (29,046)
At5thApril2023 L,OO9,737
NET BOOK VALUE
At5thApril2023 LtOOg,737
At5thApril2022 7,033,166

2023 2022
E I
Othercreditors 1,656 7,577
:
MOVEMENTINFUNDS
Net
movement At
At 6/4/22 infunds s/4/23
E E E
Unrestricted funds
Incomefund L2,453 (L,263) 11,190
CapitalFund L,O49t9O4 (35,31O) L,O14t594
L,O62,357 (36,573) 1,025,784
TOTALFUNDS 1,062,357 (36,573) 1,025,784

Incoming Resources Gainsand Movement
resources
EE		 expended losses
E		 infunds
E
Unrestricted funds
Incomefund
CapitalFund		 38,293 (39.556)
(6,264)		 (29,046) (1,263)
(35,31O)
38,293 (45,820) (29,046) (36,573)
TOTALFUNDS 38,293
:		 (45,820) (29,046) (36,573)

Comparativesformovement in fun ds
Net
movement At
At 6/4/21 infunds s/4/22
E E E
Unrestricted funds
Incomefund 8,318 4,135 t2,453
CapitalFund t,005,412 44,492 1,049,904
t,0t3,730 48,627 I,062,357
TOTALFUNDS t,0I3,730 48,627 I,062,357

Comparative net movement in fu nds,includedintheabov eare as follo ws
Incoming Resources Gainsand Movement
resources
EE		 expended losses
E		 infunds
E
Unrestricted funds
Incomefund 33,630 (29,495) 4,135
CapitalFund (6,739) 57,n; 44,492
33,630 (36,234) 57,237 48,627
TOTALFUNDS 33,630
:		 (36,234) 51,237
:		 48,627
:

Acurrent year72months and prior yeart2months co mbined positionis asfollows:
Net
movement At
At6/4/2t infunds s/4/23
E t E
Unrestricted funds
Incomefund 8,318 2,872 11,190
CapitalFund 7,005,4t2 9,r82 7,0t4,594
!,073,730 I2,O54 1,025,784
TOTALFUNDS I,OL3,73O t2,054 1,025,794
Acurrentyear\2months andprior year72months combinednetmovementinfunds,included
theabove are as follows:
Incoming Resources Gainsand Movement
resources
E		 expended
E		 losses
t		 infunds
E
Unrestricted funds
Incomefund 7L,923 (69,051) 2,872
CapitalFund (13,003) 22,r85 9,1.82
77,923 (82,054) 22,785 12,054
TOTALFUNDS 7t,923
:		 (82,054) 22,I85 1r!s4

2023 2022
E t
INCOMEANDENDOWMENTS
Investmentincome
Dividends
Interest		 36,O98
2,L95		 30,992
2,639
38,293 33,630
Total incomingresources 38,293 33,630
EXPENDITURE
fnvestment management costs
Portfoliomanagement 4$46 4,930
Charitableactivities
LaytonsFees L,236 7,567
Investecfees 4,8'46 4,930
Grantstoinstitutions 32,5O0 22,000
38,582 29,497
Supportcosts
Management
Professionalfees L,236 1,567
Finance
Bank charges 364 484
Governance costs
Independent examinersfees 396 378
Accountancyfees 396 378
792 756
Totalresources expended 45,820 36,234
Netexpenditure before gainsand
losses		 (7,527) (2,604)
Realised recognisedgains andlosses
Realisedgains/(losses)onfixedasset
investments Q4r)
Netexpenditure (7,527) (5,050)
ENCERHART CHARITABLE TRUST
IIEDULE OF INVESTMENTS
R THEYEARENDED5TH APRIL2023
Market
Valueat
06-o4.22		 Adjustment
Market Value		 Additions
in theYear		 Disposals
in theYear		 Profit/(Loss)
on Disposal		 Revaluation
in theYear		 Market
valueat
05.04.23
25,000Aberdeen StdFundp1gASIEurope Ex UKInc
19,750ApaxGlobalAlphaOrd
12,000Aviva8.75oloCumlrrPreff1
1,400BHP(Billiton) OrdUSDo.5
(Demerger ofWoodside EnergyGroup 07.06.2023)
11,300BlackrockFmLtdEuropeanDynamicFdAcc
1,100CRH Ord C0.32
1,173DiageoOrd €0.028 101/108
7,350Fundsmith EquityIInstlAcc
(Accumulationsinyear)		 27,508.00
40,833.00
17,460.00
41,507.00
30,941,00
32,777.O0
46,671.OO
45,363.00		 117.80 1,794.O0
(9,509.00)
(2,820.00)
(J,725.00)
680.00
9,034.00
(3,639.00)
595.20		 29,3O2.OO
31,324.O0

14.640.00

33,782.00
31,621.00
41,811.00
43,032.00
46tt76,OO
1,000GSKOrd 31.25p
(Demerger of Haleon 18.O7.2022)
21,355GreencoatUK WindOrd {0.01
1,250HaleonOrdf1,25
(Demerger frokcSK18.07,2022)		 21,295.00
33,218.00		 (3,854.38)
3,854.38		 (2,s69.62)
897.00
403.62		 t4,a7t.oo
34,115,00
4,258.00
20,000HICLInfrestructureOrd
600Imperial Brands Ord10p
2,100IsharesIiIISCI QltyDiv C Units
12,400JanusHendersonEuropean FocusIAcc
(Accumulationsinyear)		 35,920,00
9,698.00
69,524.00
36,729.00		 7to.54 (4,820.00)
1,518.00
(547.00)
2,43a.46		 31,r.OO.O0
1t,216.00
64,977.OO
39,878.00
1,125lohnWood GroupOrd E0,O42857I
38,488.536JPNlorgan USEquity IncomeK
1,150Jupiter Global DynamicBondD
15,000Lloyds Banking croup9,25olo Non,Cum.Irred.Pref
21,664Lloyds BankingGroupOrd €0.10
1,330M&GOrdf0.05		 t,754,00
5A,442.00
11,144.00
23,318.00
10,031.00		 6s9.00
(1,s00.00)
(1,196.00)
(3,180.00)
460.00		 2,413.00
56,942,0O
9,944,00
20,138.OO
10,491.O0
4,400lvarks andSpencer Ordf0.25
8,000Monks Investment Trust Ordf0,05
6,100Murray Investment Trust OrdI0.25
1,330Prudential Ord 80.05p
1,786Shell€0.07
17,500Skyline umbrella Fortem CapitalProgGrowthAccFd
20,000Royal London Utm Sterling Credit Inst Inc Z
12,000SchroderOriental Ord €0,01
2,000SSEOTd€0.50
2,000Smith andNephewOrd E0.12222
3,000TescoOrd!0.05
750Unilever Ord f0.031111
16,000Utilico Emerging l4arkets Ordf0.01
252Woodside EnergyGroup
(DemergerfromBHP07.06.2023)		 6.9s8.00
90,000.00
77,897,OO
15,079.00
37,877.O0
20,424.00
26,940.00
32,670.00
35,930.00
24,655.00
8,243.00
26,520.00
35,840.00		 4,788.44 246.00
(14,200.00)
3,782.00
(412.00)
4,322.00
291.O0
(3,640.00)
(2,040.00)
335.00
(2,090.00)
(327.oo)
5,633,00
(1,840.00)
(t79,44)		 7t2O4.OO
75,80O.OO
41,679.00
14,667.OO
42,199.OO
2O,7tS.OO
23,3OO,OO
3O,63O.OO
36,265.00
22,s6s.OO
7,gt6,oo
32,153.O0
34OOO.OO
4,609.00
1.033,166.00 5,616.78 (29,045,78) ,OO9,737,OO