THE KATHLEEN & SIDNEY LINKINS MEMORIAL TRUST
Registered Charity No 801712
Barley, 10 Fordwater Road Summersdale, Chichester PO19 6PR
ANNUAL REPORT FOR YEAR ENDED 31[ST] MARCH 2021
At the year end the investment assets of the Trust were valued at £804,465, restoring the position last seen in 2019. The gross annual income derived was £26.821. After expenses of £9,014 net income was £17,807.
During the year under review the Trust made Grants totaling £5,957.88 to the following recipients:
| following recipients: | |
|---|---|
| Xmas Food Vouchers - RCC | £ 881.88 |
| 4Sight Vision Support | £1980.00 |
| Sage House Dementia Support Tangmere | £2000.00 |
| Chichester Anna Chaplaincy | £ 96.00 |
| Asthma Relief Charity – nebulisers | £1000.00 |
To our surprise requests for assistance were much lower than in previous years despite the ongoing pandemic. This is Chichester Rotary Clubs in house Charity and we welcome appropriate referrals from both the public and Members of the Club, recognizing many are involved in assisting local charitable organizations. BENEFICIARIES MUST BE – over the age of 60 years - in need of care and attention and comfort - unable, through straitened circumstances, to provide for themselves AND resident within the area served by Chichester District Council, south of the South Downs Way.
My fellow Trustees are Howard Bottomley, Dick Hammond and Simonne Fellowes. I thank them all for their help and support during the Year.
Keith Osterloh
Trustee
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST 2021 ACCOUNTS
KATHLEEN AND SIDNEY UNKINS MEMORIAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KATHLEEN AND 51DNEY LINKINS MEMORIAL TRUST I report on the accounts of the Kathleen and Sidney Linkins Memorial Trust for the year ended 5 April 2021. which are set out on pages 110 4. Rgspoctiva r8sponsibilities of trustees and oxaminer The charills trustees are rèsponsible for the preparation of the accounts. The charity's trustees consider that an al11 Is not required for this year under se¢lign 144121 of the charib.es Act 2011 (the Charities Acll onrl that an independent examination is needed. It is my re5ponsibilily lo examine the accounts under Section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145[5llbl of the Charities Act, and lo stale whether particular matters have come lo my attention. Basis of indopondent examlner's report My examination was carried out in accordance with the General Directions given by the Ch8rity Commission. An examination includes a review of the accounting records kept by the charity and a Mparis0n of the accgunls presented with those records. It also includes eonsideration of any unusual items or disclosures in the accounts, and seeking explsnations from you as trustees concerning any such mallers. The procedures nd8rtak8n do not provide all the evidence that would be required in an audit, and ¢onsequenlly no opinion is given as to whether the accounts present a 'lrue and fair, view and the report is limited to those matters set out below. Indapand•nt &xaminer's statement In Gonnection with my examination, no matter has come to rny attention.. {1} which gives me reasonable cause lo believe that In any material respect the requirements {a) to keep accounting records in acGordanGe with section 130 of the Charities Act. and Ib} to prepare accounts which accord with the accounting records and lo comply with the accounting requirem9nls of the Charities Act,. have not b88n met., or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. MICHAEL IAN WAKEFORD FCA Moore Stephens Isoulhl LLP City Gates 24 Southgale Chichester P0198 DJ Date.. 231k JothJA)J ZOLL
KATHLEEN AND SIDNEY LINKINS MEf4tORIAL TRUST Pagg 1 BALANCE SHEET AS AT S APRIL 2021 2021 2020 Investments {al Market value.. c¢)st £700,295) Bank accounts Cash held by Investment Managers 781,411 793 22.261 689.100 12.836) 10,119 804.465 696.383 CURRENT ASSETS Dividends not banked al year end Income lax repayment due 23 415 2.083 234 438 2.317 CURRENT LIABILITIES Accountancy fees 570 570 NET CURRENT ASSETSIILIABILITIES) {132) 1.747 NET ASSETS £804.333 £898.130 CAPITAL ACCOUNT (Page 2} £804.333 £802,744 These accounts were approved by the trustees on LK H Bottomley: R Hammond.. K Ostgrloh: S F•llowes:
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST Pag¢ 2 CAPITAL ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021 2021 Balance as at 6 April 2020 698,130 Add.. Realised profits on sales of investments Unrealised profits for year on investments Still held Balance transferred from income account 15,840 78,514 11,849 106,203 Balance as al 5 April 2021 £804,333
KATHLEEN AND SIONEY LINKINS MEMORIAL TRUST Page 3 INCOME ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021 2021 2020 Income from investments UK dwldends 11,015 20,197 UK interest 4,140 679 Property income distributions 2,368 1,172 Foroign divKlends 5,293 1,910 Forèign interest 4,005 1.432 26,821 25,390 Less expenses.. Accountsncy 8roker fees LEI renewal fee 570 8.366 78 570 11,033 78 9.014 11.681 17,807 13,709 Less.. Dislribulions made during the year 5,958 16.592 8alance transfetred to capital account £11,849 £(2,883)
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST Page 4 TRUST ASSETS FOR THE YEAR ENDED S APRIL 2021 Number Cost Mark8t Value Incomo Alpha Real Cap ArtTime Comm Long Balfour Beaty Blackrock Corporate Bond BP Civitas Social Housing Fundsmith LLP Equity Income GCP A88èt Backed Income Fund GCP Inlraslructure Investments GCP Student Living Glaxosmithklinè Henderson Janus Strategic Bond Hipgnosis Songs Fund Jupiter European unrts Liontrusl Suststinable Future M&G Global Dividends Fund Marlborough North Amefican Trust 18.200 5.600 33.348 8,500 13,800 6.000 27,350 24,100 11,600 1,115 21,052 18,700 800 8,562 21,189 3,700 20,113 15,203 40,029 41,263 12,017 22,453 28,251 30.263 19,998 15,246 30,018 20,179 16,488 20,180 50,187 2,525 18.549 16,531 40,651 25,045 14,876 30,412 25,053 24,775 17,980 14,381 30,105 23,469 22,117 22,041 55,539 24.653 739 1,706 1,120 125 1,632 1,628 406 212 956 958 32 1,658 313 tiii: Murray Income Trust Murray International Trust National Grid Polar Capital Funds Global Convertible Prudential Residential Income Secure Round Hill Royalty Fund Royal Dutch Shell plc Royal London Short Duration Global High Yield Royal London Sterfing Extra Yield Bond Schroder Sterling Corporate Bond Fund Sequoia Economic Infrastruelure Tritax Eurobox Uni18ver Worfthde Health¢arè Trust 1,488 1,400 1,735 3,642 1,430 22,000 26,000 1,638 45.678 25,837 24,631 17,200 21,000 1,215 660 14,821 15,129 15,217 30,000 20,314 20,113 20,331 9,648 38,415 30.119 30,161 19,986 20,146 14.316 17,166 12,708 16,912 14,990 33,220 22,029 20,328 19,431 21,867 36,958 29,93Q) 34,187 17,922 21,105 49,280 24.387 1,119 749 1,100 358 1,100 806 1.474 1,431 1,075 850 1,801 165 Shares sold durin the Kames Investment Grade Bond Legal & Ganoral Asian Income TTUSt Ninety One Emerging Markets Blended D8bt Octopus Renewables 98 548 933 261 £700.295 £781,411 £28.821
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST 2021 ACCOUNTS
KATHLEEN AND SIDNEY UNKINS MEMORIAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KATHLEEN AND 51DNEY LINKINS MEMORIAL TRUST I report on the accounts of the Kathleen and Sidney Linkins Memorial Trust for the year ended 5 April 2021. which are set out on pages 110 4. Rgspoctiva r8sponsibilities of trustees and oxaminer The charills trustees are rèsponsible for the preparation of the accounts. The charity's trustees consider that an al11 Is not required for this year under se¢lign 144121 of the charib.es Act 2011 (the Charities Acll onrl that an independent examination is needed. It is my re5ponsibilily lo examine the accounts under Section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145[5llbl of the Charities Act, and lo stale whether particular matters have come lo my attention. Basis of indopondent examlner's report My examination was carried out in accordance with the General Directions given by the Ch8rity Commission. An examination includes a review of the accounting records kept by the charity and a Mparis0n of the accgunls presented with those records. It also includes eonsideration of any unusual items or disclosures in the accounts, and seeking explsnations from you as trustees concerning any such mallers. The procedures nd8rtak8n do not provide all the evidence that would be required in an audit, and ¢onsequenlly no opinion is given as to whether the accounts present a 'lrue and fair, view and the report is limited to those matters set out below. Indapand•nt &xaminer's statement In Gonnection with my examination, no matter has come to rny attention.. {1} which gives me reasonable cause lo believe that In any material respect the requirements {a) to keep accounting records in acGordanGe with section 130 of the Charities Act. and Ib} to prepare accounts which accord with the accounting records and lo comply with the accounting requirem9nls of the Charities Act,. have not b88n met., or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. MICHAEL IAN WAKEFORD FCA Moore Stephens Isoulhl LLP City Gates 24 Southgale Chichester P0198 DJ Date.. 231k JothJA)J ZOLL
KATHLEEN AND SIDNEY LINKINS MEf4tORIAL TRUST Pagg 1 BALANCE SHEET AS AT S APRIL 2021 2021 2020 Investments {al Market value.. c¢)st £700,295) Bank accounts Cash held by Investment Managers 781,411 793 22.261 689.100 12.836) 10,119 804.465 696.383 CURRENT ASSETS Dividends not banked al year end Income lax repayment due 23 415 2.083 234 438 2.317 CURRENT LIABILITIES Accountancy fees 570 570 NET CURRENT ASSETSIILIABILITIES) {132) 1.747 NET ASSETS £804.333 £898.130 CAPITAL ACCOUNT (Page 2} £804.333 £802,744 These accounts were approved by the trustees on LK H Bottomley: R Hammond.. K Ostgrloh: S F•llowes:
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST Pag¢ 2 CAPITAL ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021 2021 Balance as at 6 April 2020 698,130 Add.. Realised profits on sales of investments Unrealised profits for year on investments Still held Balance transferred from income account 15,840 78,514 11,849 106,203 Balance as al 5 April 2021 £804,333
KATHLEEN AND SIONEY LINKINS MEMORIAL TRUST Page 3 INCOME ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021 2021 2020 Income from investments UK dwldends 11,015 20,197 UK interest 4,140 679 Property income distributions 2,368 1,172 Foroign divKlends 5,293 1,910 Forèign interest 4,005 1.432 26,821 25,390 Less expenses.. Accountsncy 8roker fees LEI renewal fee 570 8.366 78 570 11,033 78 9.014 11.681 17,807 13,709 Less.. Dislribulions made during the year 5,958 16.592 8alance transfetred to capital account £11,849 £(2,883)
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST Page 4 TRUST ASSETS FOR THE YEAR ENDED S APRIL 2021 Number Cost Mark8t Value Incomo Alpha Real Cap ArtTime Comm Long Balfour Beaty Blackrock Corporate Bond BP Civitas Social Housing Fundsmith LLP Equity Income GCP A88èt Backed Income Fund GCP Inlraslructure Investments GCP Student Living Glaxosmithklinè Henderson Janus Strategic Bond Hipgnosis Songs Fund Jupiter European unrts Liontrusl Suststinable Future M&G Global Dividends Fund Marlborough North Amefican Trust 18.200 5.600 33.348 8,500 13,800 6.000 27,350 24,100 11,600 1,115 21,052 18,700 800 8,562 21,189 3,700 20,113 15,203 40,029 41,263 12,017 22,453 28,251 30.263 19,998 15,246 30,018 20,179 16,488 20,180 50,187 2,525 18.549 16,531 40,651 25,045 14,876 30,412 25,053 24,775 17,980 14,381 30,105 23,469 22,117 22,041 55,539 24.653 739 1,706 1,120 125 1,632 1,628 406 212 956 958 32 1,658 313 tiii: Murray Income Trust Murray International Trust National Grid Polar Capital Funds Global Convertible Prudential Residential Income Secure Round Hill Royalty Fund Royal Dutch Shell plc Royal London Short Duration Global High Yield Royal London Sterfing Extra Yield Bond Schroder Sterling Corporate Bond Fund Sequoia Economic Infrastruelure Tritax Eurobox Uni18ver Worfthde Health¢arè Trust 1,488 1,400 1,735 3,642 1,430 22,000 26,000 1,638 45.678 25,837 24,631 17,200 21,000 1,215 660 14,821 15,129 15,217 30,000 20,314 20,113 20,331 9,648 38,415 30.119 30,161 19,986 20,146 14.316 17,166 12,708 16,912 14,990 33,220 22,029 20,328 19,431 21,867 36,958 29,93Q) 34,187 17,922 21,105 49,280 24.387 1,119 749 1,100 358 1,100 806 1.474 1,431 1,075 850 1,801 165 Shares sold durin the Kames Investment Grade Bond Legal & Ganoral Asian Income TTUSt Ninety One Emerging Markets Blended D8bt Octopus Renewables 98 548 933 261 £700.295 £781,411 £28.821