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 2024
At the year end the investment assets of the Trust were valued at £794,396, an improvement compared with the previous year. The estimated gross yield was 4.50%. The estimated gross annual income derived was £33,149 . After expenses of £8,954 net income was £24,195. The improvement in capital value and trust income is to the credit of our investment manager..
During the year under review the Trust made Grants totaling £14,350 to the following recipients:
| recipients: | |
|---|---|
| Transport support costs | £870.00 |
| Xmas Food Vouchers - RCC | £2680.00 |
| 4Sight Vision Support | £1000.00 |
| Sage House Dementia Support Tangmere | £2000.00 |
| Charitable Fund Harbour RC-elderly support | £2000.00 |
| Cancer Wise Chichester | £2000.00 |
| Chichester Mens Shed | £3000.00 |
| Donnington Village Hall lunches | £800.00 |
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 27 January 2025
hd MOORE KATHLEEN AND SIDNEY UNKINS 2024 ACCOUNTS
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST INDEPENDEpif EXAMINER'S REpoirr TO THE TRUSTEES OF THE KATHLEEN AND SIDNEY UNKINS MEMORIAL TRUST I rep)rt on the accounts of the Kathleen aKI Sidney Llnklns Memorlal Tnist for the year ernled 5 April 2024, which are set out on pages I to 4. Respective regponsibllitSes of truste¢s and •xamin•r The charit3 trustees are r8sponslbk for tha preparion of tha a(%ounts. The charlty's tru8toe8 cy)nslder that an audit is nai required for this year under sectK)n 144(2) ol the Chwities Act 2011 (the Charities Act) and that an Independent examination Is needed. It Is my responsiblllty to examhe accounts Urer Section 145 of the Charities Act, lo follow the procedures laid in the Generai DirectM)ns gPn ty the Charity Commission under sectlon 145(5)(b) ot Charrties Art arwj to thte whether pafbcular matters have come to rny attenlion. Ba818 ol Independent examlnerfs r•port My examinalion was carrled out Sn a(£ordan¢e with the General Dlredlons glven ty the Charlty commi551. An examination includes a reviwl of Ihe accounting records kept ty the charity and a comparison of the accounts presented wlth those records. It also Includes congderatfon ot any unusual or dlsclosures In the accounts, and see.ng explanation5 Irom Y( as trustees concemiThJ any such matters. The procedures undertaken do not provide aH the evidence that would be required in an audiL and consequentty no opinlon Is glven as to ¥er the accounts present a 'true arKI fairf view and the report Is limtted to those matter5 set out belcw. Indepndant •xamlrMrfg statement In connection th my exarnination, no matter has come to my attention: (i) vthk gives me reasonable cause to belleve thal in any malerial respea the reqUIrnents (a) to keep accounting records in accordance wlth SeCn 130 of the ChwiDes Act, and (b) to prepare accwrts %thlch accord the aCcntIng recuds and to comply with the a¢counling requirements of the Charitiès Ae(. have not been met; or (2) to which, in rny opinion, attentlon shoukl be drawn In order to enable a prOr uThlerstanding of the accounts lo be leached. MICHAEL IAN WAKEFORD FCA Moore Stephens (South) LLP Clty Gates 24 Southgate Chiche*er P019 8 DJ
KATHLEEN AND SIDNEY UNKINS MEMORIAL TRusr Page I BALANCE SHEEf AS AT 5 APRIL 2024 023 Investmerrts (at market value: cost £773.568) Bank accounts Cash hetd by Investrnent Managers 779,216 749.167 L341 10.472 794.327 758.738 CURRENT ASSETS Dividends not banl(ed at year end Income repayffent due 1,4(X) 227 153 639 1,627 CURRENT uABMEs Accountsncy f88S 570 570 NEf CURREhrr ASSEfsi(LIABILmES) 1,057 NEf ASSErs £794,396 £759,795 CAPITAL AccouHf (Page 2) £794.396 £759,795 These accounts tre approved by the trustees on loK loiy- ljlv HBO K Osterloh: S Fell
KATHLEEN AND SIDNEY UNKINS MEMORNL TrUST CAprrAL ACCOUNTFOR THE YEAR ENDED 5APRIL2024 Page 2 Bala as at 6 April 2023 759,795 Add.. Realised kjsses on sales of investments Unreallsed proffts for year on investments suif held Balance transferred from Inc( arcou (5,38n 30,369 9.619 Balance a8 at 5 Aprfi 2024 34,601 £74396
KATHLEEN AND SIDNEY LINKINS MEMORIAL TrUST INCOME ACCOUNT FOR THE YEAR ENDED S APRIL 2024 20 Income from inveslments UK dNidends 14.285 16.624 UK interest 6,475 Propety income distrbutions 1,021 1,745 F(Keign dividerxls 7,030 6.858 Foreign interest 4.387 33.149 32.179 Less expenses: Accountancy Broker fees LEI renewal fea 570 8,324 570 8.684 78 9.332 24.195 22.847 Less foreign tsx not reclaimable 226 51 Nét income for the year 21969 22.796 Less: Dlstribulior& made during the ye 14,350 Bajance transferred to capltal accounl £9,619 o.
KATHLEEN AND SIDNEY UNKINS MEMORIAL TRusr Page 4 TRUST ASSEfs FOR THE YEAR ENDED 5 APRIL 2024 Value Artemis US Select Irthme Astrazeneca Aviva Blackrod( Corporate Bond Blackrock Sustthable Amerfcan Incoffle BP Compass Group Dlgltal 9 Infr&structure Fundrock FOreght UK Infrastruclu Fundsmith LLP Equfy Income GCP Asset Bad(ed IncDrne Fund GCP Infrastructure Investments HipJn05i5 Songs Fund Janus Henderson Strategk Bond Jupiter European nlts Legal & General M&G Ernerg Markets Fund M&G Global Dmdends Fund Man Sterling Corporate Bond Fund Marlborough North American Trust Murray Internatlonal Trust Perslmmon Polar Capital Funds Global Convertible Prudentlal Residential Income Secure Royal Lormlon Short Duratlon Global High Ylekl Sequola Economlc Inlr&8truthure Smurfit Kappa Tritax Eurob)x UK Gov't Index-Llnked Treasury Stock 2026 Unilever 6,631 140 3.826 48,857 20198 15.192 15,252 55.117 25.364 20.632 20.199 20,213 19,945 26,774 14,949 19.OCKI 50.451 25.142 21,067 22,069 3,875 14,610 38,854 33,292 23.120 45,503 31.523 25.216 19.320 30,OIB 23.810 16.488 27,478 20,272 20,606 34,657 36,245 18,001 24,052 30.143 34,647 2.525 33,942 15.129 17,395 25,463 13,884 39,974 37,304 20,284 17,646 20,113 11,748 39.355 37,739 19,986 13,949 26,788 32,309 36.458 22.462 18 218 1,219 2.065 1,012 955 4,250 17,3(MJ 17.979 260 897 133 2,LSO 2,072 462 793 118 1,591 1.311 736 1,523 403 784 43.6txJ 28.OLKI 21.052 47.622 17,574 35,232 3.700 7.0 1,055 5.041 2,375 1,764 1,021 2,111 1,183 903 1,513 46 839 49,827 17,2CK) 740 59,5(Kl 25,0(K) 40,520 34.998 6,657 Sh Barclays GSK Lloyts Banklng Group Rlo Tlnto Round Hlll Royalty Fund 359 372 1,091 1.324 463 Bank depostt Interest 187 £773W8 £779216 £33,149
hd MOORE KATHLEEN AND SIDNEY UNKINS 2024 ACCOUNTS
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST INDEPENDEpif EXAMINER'S REpoirr TO THE TRUSTEES OF THE KATHLEEN AND SIDNEY UNKINS MEMORIAL TRUST I rep)rt on the accounts of the Kathleen aKI Sidney Llnklns Memorlal Tnist for the year ernled 5 April 2024, which are set out on pages I to 4. Respective regponsibllitSes of truste¢s and •xamin•r The charit3 trustees are r8sponslbk for tha preparion of tha a(%ounts. The charlty's tru8toe8 cy)nslder that an audit is nai required for this year under sectK)n 144(2) ol the Chwities Act 2011 (the Charities Act) and that an Independent examination Is needed. It Is my responsiblllty to examhe accounts Urer Section 145 of the Charities Act, lo follow the procedures laid in the Generai DirectM)ns gPn ty the Charity Commission under sectlon 145(5)(b) ot Charrties Art arwj to thte whether pafbcular matters have come to rny attenlion. Ba818 ol Independent examlnerfs r•port My examinalion was carrled out Sn a(£ordan¢e with the General Dlredlons glven ty the Charlty commi551. An examination includes a reviwl of Ihe accounting records kept ty the charity and a comparison of the accounts presented wlth those records. It also Includes congderatfon ot any unusual or dlsclosures In the accounts, and see.ng explanation5 Irom Y( as trustees concemiThJ any such matters. The procedures undertaken do not provide aH the evidence that would be required in an audiL and consequentty no opinlon Is glven as to ¥er the accounts present a 'true arKI fairf view and the report Is limtted to those matter5 set out belcw. Indepndant •xamlrMrfg statement In connection th my exarnination, no matter has come to my attention: (i) vthk gives me reasonable cause to belleve thal in any malerial respea the reqUIrnents (a) to keep accounting records in accordance wlth SeCn 130 of the ChwiDes Act, and (b) to prepare accwrts %thlch accord the aCcntIng recuds and to comply with the a¢counling requirements of the Charitiès Ae(. have not been met; or (2) to which, in rny opinion, attentlon shoukl be drawn In order to enable a prOr uThlerstanding of the accounts lo be leached. MICHAEL IAN WAKEFORD FCA Moore Stephens (South) LLP Clty Gates 24 Southgate Chiche*er P019 8 DJ
KATHLEEN AND SIDNEY UNKINS MEMORIAL TRusr Page I BALANCE SHEEf AS AT 5 APRIL 2024 023 Investmerrts (at market value: cost £773.568) Bank accounts Cash hetd by Investrnent Managers 779,216 749.167 L341 10.472 794.327 758.738 CURRENT ASSETS Dividends not banl(ed at year end Income repayffent due 1,4(X) 227 153 639 1,627 CURRENT uABMEs Accountsncy f88S 570 570 NEf CURREhrr ASSEfsi(LIABILmES) 1,057 NEf ASSErs £794,396 £759,795 CAPITAL AccouHf (Page 2) £794.396 £759,795 These accounts tre approved by the trustees on loK loiy- ljlv HBO K Osterloh: S Fell
KATHLEEN AND SIDNEY UNKINS MEMORNL TrUST CAprrAL ACCOUNTFOR THE YEAR ENDED 5APRIL2024 Page 2 Bala as at 6 April 2023 759,795 Add.. Realised kjsses on sales of investments Unreallsed proffts for year on investments suif held Balance transferred from Inc( arcou (5,38n 30,369 9.619 Balance a8 at 5 Aprfi 2024 34,601 £74396
KATHLEEN AND SIDNEY LINKINS MEMORIAL TrUST INCOME ACCOUNT FOR THE YEAR ENDED S APRIL 2024 20 Income from inveslments UK dNidends 14.285 16.624 UK interest 6,475 Propety income distrbutions 1,021 1,745 F(Keign dividerxls 7,030 6.858 Foreign interest 4.387 33.149 32.179 Less expenses: Accountancy Broker fees LEI renewal fea 570 8,324 570 8.684 78 9.332 24.195 22.847 Less foreign tsx not reclaimable 226 51 Nét income for the year 21969 22.796 Less: Dlstribulior& made during the ye 14,350 Bajance transferred to capltal accounl £9,619 o.
KATHLEEN AND SIDNEY UNKINS MEMORIAL TRusr Page 4 TRUST ASSEfs FOR THE YEAR ENDED 5 APRIL 2024 Value Artemis US Select Irthme Astrazeneca Aviva Blackrod( Corporate Bond Blackrock Sustthable Amerfcan Incoffle BP Compass Group Dlgltal 9 Infr&structure Fundrock FOreght UK Infrastruclu Fundsmith LLP Equfy Income GCP Asset Bad(ed IncDrne Fund GCP Infrastructure Investments HipJn05i5 Songs Fund Janus Henderson Strategk Bond Jupiter European nlts Legal & General M&G Ernerg Markets Fund M&G Global Dmdends Fund Man Sterling Corporate Bond Fund Marlborough North American Trust Murray Internatlonal Trust Perslmmon Polar Capital Funds Global Convertible Prudentlal Residential Income Secure Royal Lormlon Short Duratlon Global High Ylekl Sequola Economlc Inlr&8truthure Smurfit Kappa Tritax Eurob)x UK Gov't Index-Llnked Treasury Stock 2026 Unilever 6,631 140 3.826 48,857 20198 15.192 15,252 55.117 25.364 20.632 20.199 20,213 19,945 26,774 14,949 19.OCKI 50.451 25.142 21,067 22,069 3,875 14,610 38,854 33,292 23.120 45,503 31.523 25.216 19.320 30,OIB 23.810 16.488 27,478 20,272 20,606 34,657 36,245 18,001 24,052 30.143 34,647 2.525 33,942 15.129 17,395 25,463 13,884 39,974 37,304 20,284 17,646 20,113 11,748 39.355 37,739 19,986 13,949 26,788 32,309 36.458 22.462 18 218 1,219 2.065 1,012 955 4,250 17,3(MJ 17.979 260 897 133 2,LSO 2,072 462 793 118 1,591 1.311 736 1,523 403 784 43.6txJ 28.OLKI 21.052 47.622 17,574 35,232 3.700 7.0 1,055 5.041 2,375 1,764 1,021 2,111 1,183 903 1,513 46 839 49,827 17,2CK) 740 59,5(Kl 25,0(K) 40,520 34.998 6,657 Sh Barclays GSK Lloyts Banklng Group Rlo Tlnto Round Hlll Royalty Fund 359 372 1,091 1.324 463 Bank depostt Interest 187 £773W8 £779216 £33,149