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 2023 

At the year end the investment assets of the Trust were valued at £759,795 having suffered another significant fall due to the financial turmoil of recent months. The estimated gross yield was 4.51%. The gross annual income derived was £32,179 . After expenses of £9,383 net income was £22,796. There is little doubt that the effects of the pandemic and the war in Europe have had a negative impact on both dividends and capital values but the improved trust income is to the credit of our investment manager.. 

During the year under review the Trust made Grants totaling £8,640 to the following recipients: 

|recipients:||
|---|---|
|Transport support costs|£360.00|
|Xmas Food Vouchers - RCC|£2280.00|
|4Sight Vision Support|£1000.00|
|Sage House Dementia Support Tangmere|£2000.00|
|Charitable Fund Harbour RC Xmas lunch scheme.|£1000.00|
|Cancer Wise Chichester|£2000.00|



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. 

The Trusts portfolio is managed by Rowan Dartington  and Accountancy services provided by Moore(South) LLP 

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 Report updated February 2024 



KATHLEEN AND SIDNEY LINKINS
MEMORIAL TRUST
2023 ACCOUNTS

KATHLEEN AND SIDNEY LINKINS IAEMORIAL TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KATHLEEN AND SIDNEY LINKINS
MEMORIAL TRUST
I report on the accounts of thè Kath￿ert and Sidney Linkins Memorial Trust for the year ended 5 April 2023,
which are set out on pag8s 1 to 4.
Respectlve rospon$ibiliti•s of Irustses and examinor
The ¢harty's truslges are responsibte forthe preparation of tha a¢¢ounls. The charity's trus1￿ conslder that
an audit is not r8quir8d ftsr this year under seclton 144(2) ofthe Charities Act 2011 (the Charities Act) and thal
an independent examination is needed.
11 is my responsibility lo examine the accounts under S8ction 145 ofth8 ChaibesAct. to followthe procedures
18id down in the General Directions given by tha Charity Commission under sectK)n 145{5)Ib) ofthe Charities
A¢t, and 10 Stale whether particular matters have com8 to my 8ttention.
Basi8 tsf independent examIne￿¥ roport
My examinab.on was carried out in accordan￿ with th& General Directions given by the Charity Commlsslon.
An examination indudes a review of thè aceountiftg records kept by the Charity and a comparison of the
accounts presented with thos8 records. It also indudes consideration of any unusual itèms or dis¢losure5 in
the accounts. 8nd seeking exptanations from you as trusle¢s ¢oncerning any such matters. The prO￿dur&S
undertaken do not provide all the tsvidpnce that woutd be required in an audit, and consequenUy no opinion is
given as lo whether the accounts prgs¢nt a 'lrue and fairf view and the report is Imited to Iho3e matters sel out
below.
Ind¢p•ndent ox4minorfs statomant
In connection wlh my examination. matter has come to my attention..
(1)
which gives me reasonable cause to believe that in any matarial reSp￿t the requirements
la)
to keep attounling records in accordance with 8ection 130 ofthe Charitias Art. and
Ib)
to prepare accounts which accord with the accounting records and to comply wilh th¢
accounting requirements of the Charftles Act"
have not been mel.. or
121
to whith. in my opinion. attentKJn should bo drawn In order to enablè a proper undersl8nding of the
accounts to be reathed.
k,Vd bj
MICHAEL IAN WAKEFORD FCA
Moore Stephens {Soulhl LLP
Cty Gates
2-4 Soulhgat6
Chichest8r
P019 8 DJ
24 January 2024

KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Page I
BALANCE SHEET AS AT 5 APRIL 2023
2023
2022
Investments lat matket vdue.. cost £773,888}
Bank accounts
Cash held by Investment Managers
749.167
1,341
8.230
819.067
6,413
10,570
758,738
836,050
CURRENT ASSErs
Dividends not banked at year end
Income tax repayment dLte
1,400
227
961
212
1.627
1.173
CURRENT LIABILThIES
Accountancy fees
570
570
NET CURRE￿ ASs￿S1(LIABILrnES)
1,057
603
NET ASSETS
£759,795
£836.653
CAPITAL ACCOUNT {Page 21
£759,795
£836,653
These accounts weTè approved by the tnJstees on
5 7(kKJJ
2oL
H Bottomley:
R Hammond:
K Osterloh:
S Fellowes:

KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Paga 2
CAPITAL ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023
2023
B8lan¢8 89 at 6 4)ril 2022
836,653
Add..
Re81i$ed lossès on sales of investments
Unrealised losses for year on Investments still held
Salance transferred from incom8 account
(6.17n
(80.837)
10.156
176,858)
Balartt a8 at 5 April 2023
£759.795

KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Pago 3
INCOME ACCOUNT FOR THE YEAR ENDED S APRIL 2023
2023
2022
Income from Investments
UK drvidends
16.624
12,844
UK interest
2,565
3,247
Property IncAxne distributions
1,745
1,530
Foreign dividends
6,858
6.351
Foreign interest
4,387
4,843
32.179
28,615
Less expens8S:
Accountancy
Broker fees
LEI renewal fee
570
8.684
78
570
8.923
78
9,332
9.571
22.847
19,044
Less foreign tax not reGlgimable
51
Nel income for th8 year
22.796
19.040
Less: Distributicms made during the year
12,640
5,147
Balance transferr8d to capital aco)unt
£10.156
£13,893

KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Pagp4
TRUST ASSETS FOR THE YEAR ENDED S APRIL 2023
Numbgr
Cost
Market
Valua
ncome
Artemis US Select Income
Astrazeneca
Aviva
Baillie GrfFor(l Mulli Asset Growth
Barclays
Blackrock Corporat8 Bond
Blaekrock Sustainable American Income
BP
Digital 9 Ir)frastructure
Fundiock Foresight UK Infrastructure
Fundsmith LLP Equity In¢ome
GCP Asset Backed Incomè Fund
GCP Infrastructure Investments
GSK
HipgnosiB Songs Fund
Janu8 Henderson Slrale9ic Bond
Jupitar Europèan nits
Legal & General
Uoyds Banking Group
M&G Emerging Maikets Fund
M&G Global Dividends Fund
Marlborough North American Trust
Murray Intemational Trust
Persimmon
Polar Cathl Funds Global Convertikle
Residential Income Secure
Rio Tinto
Round Hill RoyaFty Fund
Royal London Short thjralion Global High Yiekt
Royal London Sterling Extra Yield Bond
Sèquoia Economic Infrastructure
Smurfit Kappa
Trilax Eurobox
UK Govt Index-tinked Treasury Stock 2026
Unilwer
6,631
150
3.826
18,208
13,300
48.857
12.650
8.500
17.300
17.979
6.000
27.350
24.100
892
17.600
21.052
800
8.100
43.300
20.174
17.574
3.700
1,400
1.055
.3,642
22.000
410
26.000
49.827
25.837
17,200
740
21.000
25.000
565
20.180
11.990
15,252
25.615
20.314
55,117
25,364
20,632
20,213
19.945
22.453
28.251
30.263
12.197
15,133
30,018
16.488
20,272
20,244
15,155
16,001
2.525
15,129
25,463
30.000
20.113
25.560
20.331
39,355
30,119
19,986
20.409
20,146
34,998
6.657
18,609
16.848
15.465
21,322
19.391
49.542
23,276
21,709
10.570
17.391
33.828
18.872
20,533
12,747
14,256
24,736
24.595
19.351
20,643
14,756
22,532
27.771
18,732
13,251
27,574
13,948
22.460
13.806
36.767
26.835
13.829
21.652
12.705
35.191
23.674
359
1.134
350
1,119
1,255
1.038
87
1,730
1.687
680
81
657
402
770
583
1.414
1,135
2.353
1.350
1,760
1,102
204
905
17
834
Sha
Id durtn
the
ear
Ajpha Real Cap Tim¢ Comm Long Income
Balf(￿r 8eaty
M&G
Murray Income Tru81
S¢hroder Sterling Corporate Bond Fund
Worlthide Healthcaie Trust
795
1.342
413
339
129
£773.888 £749,167
£32.179

KATHLEEN AND SIDNEY LINKINS
MEMORIAL TRUST
2023 ACCOUNTS

KATHLEEN AND SIDNEY LINKINS IAEMORIAL TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KATHLEEN AND SIDNEY LINKINS
MEMORIAL TRUST
I report on the accounts of thè Kath￿ert and Sidney Linkins Memorial Trust for the year ended 5 April 2023,
which are set out on pag8s 1 to 4.
Respectlve rospon$ibiliti•s of Irustses and examinor
The ¢harty's truslges are responsibte forthe preparation of tha a¢¢ounls. The charity's trus1￿ conslder that
an audit is not r8quir8d ftsr this year under seclton 144(2) ofthe Charities Act 2011 (the Charities Act) and thal
an independent examination is needed.
11 is my responsibility lo examine the accounts under S8ction 145 ofth8 ChaibesAct. to followthe procedures
18id down in the General Directions given by tha Charity Commission under sectK)n 145{5)Ib) ofthe Charities
A¢t, and 10 Stale whether particular matters have com8 to my 8ttention.
Basi8 tsf independent examIne￿¥ roport
My examinab.on was carried out in accordan￿ with th& General Directions given by the Charity Commlsslon.
An examination indudes a review of thè aceountiftg records kept by the Charity and a comparison of the
accounts presented with thos8 records. It also indudes consideration of any unusual itèms or dis¢losure5 in
the accounts. 8nd seeking exptanations from you as trusle¢s ¢oncerning any such matters. The prO￿dur&S
undertaken do not provide all the tsvidpnce that woutd be required in an audit, and consequenUy no opinion is
given as lo whether the accounts prgs¢nt a 'lrue and fairf view and the report is Imited to Iho3e matters sel out
below.
Ind¢p•ndent ox4minorfs statomant
In connection wlh my examination. matter has come to my attention..
(1)
which gives me reasonable cause to believe that in any matarial reSp￿t the requirements
la)
to keep attounling records in accordance with 8ection 130 ofthe Charitias Art. and
Ib)
to prepare accounts which accord with the accounting records and to comply wilh th¢
accounting requirements of the Charftles Act"
have not been mel.. or
121
to whith. in my opinion. attentKJn should bo drawn In order to enablè a proper undersl8nding of the
accounts to be reathed.
k,Vd bj
MICHAEL IAN WAKEFORD FCA
Moore Stephens {Soulhl LLP
Cty Gates
2-4 Soulhgat6
Chichest8r
P019 8 DJ
24 January 2024

KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Page I
BALANCE SHEET AS AT 5 APRIL 2023
2023
2022
Investments lat matket vdue.. cost £773,888}
Bank accounts
Cash held by Investment Managers
749.167
1,341
8.230
819.067
6,413
10,570
758,738
836,050
CURRENT ASSErs
Dividends not banked at year end
Income tax repayment dLte
1,400
227
961
212
1.627
1.173
CURRENT LIABILThIES
Accountancy fees
570
570
NET CURRE￿ ASs￿S1(LIABILrnES)
1,057
603
NET ASSETS
£759,795
£836.653
CAPITAL ACCOUNT {Page 21
£759,795
£836,653
These accounts weTè approved by the tnJstees on
5 7(kKJJ
2oL
H Bottomley:
R Hammond:
K Osterloh:
S Fellowes:

KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Paga 2
CAPITAL ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023
2023
B8lan¢8 89 at 6 4)ril 2022
836,653
Add..
Re81i$ed lossès on sales of investments
Unrealised losses for year on Investments still held
Salance transferred from incom8 account
(6.17n
(80.837)
10.156
176,858)
Balartt a8 at 5 April 2023
£759.795

KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Pago 3
INCOME ACCOUNT FOR THE YEAR ENDED S APRIL 2023
2023
2022
Income from Investments
UK drvidends
16.624
12,844
UK interest
2,565
3,247
Property IncAxne distributions
1,745
1,530
Foreign dividends
6,858
6.351
Foreign interest
4,387
4,843
32.179
28,615
Less expens8S:
Accountancy
Broker fees
LEI renewal fee
570
8.684
78
570
8.923
78
9,332
9.571
22.847
19,044
Less foreign tax not reGlgimable
51
Nel income for th8 year
22.796
19.040
Less: Distributicms made during the year
12,640
5,147
Balance transferr8d to capital aco)unt
£10.156
£13,893

KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Pagp4
TRUST ASSETS FOR THE YEAR ENDED S APRIL 2023
Numbgr
Cost
Market
Valua
ncome
Artemis US Select Income
Astrazeneca
Aviva
Baillie GrfFor(l Mulli Asset Growth
Barclays
Blackrock Corporat8 Bond
Blaekrock Sustainable American Income
BP
Digital 9 Ir)frastructure
Fundiock Foresight UK Infrastructure
Fundsmith LLP Equity In¢ome
GCP Asset Backed Incomè Fund
GCP Infrastructure Investments
GSK
HipgnosiB Songs Fund
Janu8 Henderson Slrale9ic Bond
Jupitar Europèan nits
Legal & General
Uoyds Banking Group
M&G Emerging Maikets Fund
M&G Global Dividends Fund
Marlborough North American Trust
Murray Intemational Trust
Persimmon
Polar Cathl Funds Global Convertikle
Residential Income Secure
Rio Tinto
Round Hill RoyaFty Fund
Royal London Short thjralion Global High Yiekt
Royal London Sterling Extra Yield Bond
Sèquoia Economic Infrastructure
Smurfit Kappa
Trilax Eurobox
UK Govt Index-tinked Treasury Stock 2026
Unilwer
6,631
150
3.826
18,208
13,300
48.857
12.650
8.500
17.300
17.979
6.000
27.350
24.100
892
17.600
21.052
800
8.100
43.300
20.174
17.574
3.700
1,400
1.055
.3,642
22.000
410
26.000
49.827
25.837
17,200
740
21.000
25.000
565
20.180
11.990
15,252
25.615
20.314
55,117
25,364
20,632
20,213
19.945
22.453
28.251
30.263
12.197
15,133
30,018
16.488
20,272
20,244
15,155
16,001
2.525
15,129
25,463
30.000
20.113
25.560
20.331
39,355
30,119
19,986
20.409
20,146
34,998
6.657
18,609
16.848
15.465
21,322
19.391
49.542
23,276
21,709
10.570
17.391
33.828
18.872
20,533
12,747
14,256
24,736
24.595
19.351
20,643
14,756
22,532
27.771
18,732
13,251
27,574
13,948
22.460
13.806
36.767
26.835
13.829
21.652
12.705
35.191
23.674
359
1.134
350
1,119
1,255
1.038
87
1,730
1.687
680
81
657
402
770
583
1.414
1,135
2.353
1.350
1,760
1,102
204
905
17
834
Sha
Id durtn
the
ear
Ajpha Real Cap Tim¢ Comm Long Income
Balf(￿r 8eaty
M&G
Murray Income Tru81
S¢hroder Sterling Corporate Bond Fund
Worlthide Healthcaie Trust
795
1.342
413
339
129
£773.888 £749,167
£32.179