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 2025
At the year end the investment assets of the Trust were valued at £835,694, a satisfactory improvement over the previous year. The estimated gross yield was 4.60%. The estimated gross annual income derived was £38,224. After expenses of £8,954 net income was £28,458. The improvement in capital value and trust income is to the credit of our investment managers.
During the year under review the Trust made Grants totaling £11,800 to the following recipients:
| recipients: | |
|---|---|
| Xmas Food Vouchers - RCC | £3300.00 |
| Royal West Sussex Regiment Association memorial | £1000.00 |
| Sage House Dementia Support Tangmere | £3000.00 |
| Cancer Wise Chichester | £2000.00 |
| Rotary Club of Chichester Harbour Charitable Fund | £500.00 |
| St Wilfrids Hospice | £2000.00 |
tThis 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.
K
e i t
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
2025 ACCOUNTS
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
I report on the accounts of the Kathleen and Sidney Linkins Memorial Trust for the year ended 5 April 2025, which are set out on pages 1 to 4.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to 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(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
(a) to keep accounting records in accordance with section 130 of the Charities Act, and
-
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act;
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
MICHAEL IAN WAKEFORD FCA
Date:
Moore Stephens (South) LLP City Gates 2-4 Southgate Chichester PO19 8 DJ
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Page 1
BALANCE SHEET AS AT 5 APRIL 2025
| 2025 Investments (at market value: cost £770,351) 814,882 Bank accounts 2,495 Cash held by Investment Managers 18,082 ----------- 835,459 CURRENT ASSETS Dividends not banked at year end 1,021 486 Income tax repayment due 91 153 -------- -------- 1,112 639 CURRENT LIABILITIES Accountancy fees 600 570 Income tax overclaimed 277 - ----- ----- NET CURRENT ASSETS/(LIABILITIES) 235 ----------- NET ASSETS £835,694 ====== CAPITAL ACCOUNT(Page 2) £835,694 ====== |
2024 779,216 4,639 10,472 ------------ 794,327 69 ----------- £794,396 ====== £794,396 ====== |
|---|---|
These accounts were approved by the trustees on
H Bottomley:
R Hammond:
K Osterloh:
S Fellowes:
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Page 2
CAPITAL ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
| 2025 | |||
|---|---|---|---|
| Balance | as at 6 April 2024 | 794,396 | |
| Add: | Realised losses on sales of investments | (18,287) | |
| Unrealised profits for year on investments still held | 38,884 | ||
| Stamp duty refund | 4,043 | ||
| Balance transferred from income account | 16,658 | ||
| --------- | 41,298 | ||
| ----------- | |||
| Balance | as at 5 April 2025 | £835,694 | |
| ====== |
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Page 3
INCOME ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
| 2025 Income from investments UK dividends 11,578 UK interest 9,547 Interest on stamp duty refund 1,835 Property income distributions 1,267 Foreign dividends 10,095 Foreign interest 3,902 --------- - 38,224 Less expenses: Accountancy 630 570 Broker fees 8,628 8,324 LEI renewal fee 174 60 -------- ------- 9,432 --------- - 28,792 Less foreign tax not reclaimable 334 ----------- - Net income for the year 28,458 Less: Distributions made during the year 11,800 --------- - Balance transferred to capital account £16,658 ===== |
2024 14,285 6,475 - 1,021 7,030 4,338 --------- 33,149 8,954 --------- 24,195 226 --------- 23,969 14,350 --------- £9,619 ===== |
|---|---|
Page 4
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
TRUST ASSETS FOR THE YEAR ENDED 5 APRIL 2025
| Aberdeen Global Inflation Linked Bond Artemis US Select Income Astrazeneca Blackrock Sustainable American Income BNY Mellon US Equity Income BP Foresight Solar Fund Foresight UK Infrastructure Fundsmith LLP Equity Income GCP Asset Backed Income Fund GCP Infrastructure Investments GSK Invesco Tactical Bond (UK) Legal & General Legal & General Strategic Bond Fund M&G Emerging Markets Fund M&G Global Dividends Fund Man Sterling Corporate Bond Fund Marlborough North American Trust Murray International Trust Polar Capital Funds Global Convertible Prudential Rathbone Income Residential Income Secure Rio Tinto Royal London Short Duration Global High Yield Sequoia Economic Infrastructure Smurfit Westrock The Renewables Infrastructure Group UK Gov’t Index-Linked Treasury Stock 2026 Unilever Universal Music Group Shares sold during the year Aviva Blackrock Corporate Bond Compass Group Janus Henderson Strategic Bond Jupiter European Persimmon Tritax Eurobox Bank deposit interest Interest on stamp duty refund |
Number Cost Market Value 22,571 30,132 29,320 6,631 20,198 25,190 140 15,192 15,756 12,650 25,364 25,047 16,107 20,377 21,828 6,115 28,271 26,668 22,400 20,102 17,853 29,860 30,004 23.138 6,000 22,453 36,321 17,223 16,865 11,367 43,600 45,503 31,087 755 10,120 11,038 12,464 25,200 25,218 8,100 20,272 19,667 39,738 20,045 20,246 47,622 34,657 35,393 17,574 18,001 25,970 35,232 30,143 36,359 3,700 2,525 34,365 7,000 15,129 18,340 5,041 39,974 37,254 3,600 27,920 29,743 35,416 30,300 30,394 39,500 30,285 22,120 435 20,466 19,951 49,827 39,355 38,367 17,200 19,986 13,468 740 20,409 25,611 28,700 29,218 21,697 25,000 34,998 38,019 565 6,657 26,047 1,035 20,230 22,040 ----------- ----------- £770,351 £814,882 ====== ====== |
Income 417 - 344 1,012 202 1,261 896 1,137 123 944 3,590 - - 1,671 549 2,678 810 2,368 519 826 2,201 393 - 1,267 - 1,700 1,182 1,339 2,144 47 837 - 853 2,239 154 426 180 422 1,263 395 1,835 ---------- £38,224 ====== |
|---|---|---|
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
2025 ACCOUNTS
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
I report on the accounts of the Kathleen and Sidney Linkins Memorial Trust for the year ended 5 April 2025, which are set out on pages 1 to 4.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to 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(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
(a) to keep accounting records in accordance with section 130 of the Charities Act, and
-
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act;
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
MICHAEL IAN WAKEFORD FCA
Date:
Moore Stephens (South) LLP City Gates 2-4 Southgate Chichester PO19 8 DJ
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Page 1
BALANCE SHEET AS AT 5 APRIL 2025
| 2025 Investments (at market value: cost £770,351) 814,882 Bank accounts 2,495 Cash held by Investment Managers 18,082 ----------- 835,459 CURRENT ASSETS Dividends not banked at year end 1,021 486 Income tax repayment due 91 153 -------- -------- 1,112 639 CURRENT LIABILITIES Accountancy fees 600 570 Income tax overclaimed 277 - ----- ----- NET CURRENT ASSETS/(LIABILITIES) 235 ----------- NET ASSETS £835,694 ====== CAPITAL ACCOUNT(Page 2) £835,694 ====== |
2024 779,216 4,639 10,472 ------------ 794,327 69 ----------- £794,396 ====== £794,396 ====== |
|---|---|
These accounts were approved by the trustees on
H Bottomley:
R Hammond:
K Osterloh:
S Fellowes:
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Page 2
CAPITAL ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
| 2025 | |||
|---|---|---|---|
| Balance | as at 6 April 2024 | 794,396 | |
| Add: | Realised losses on sales of investments | (18,287) | |
| Unrealised profits for year on investments still held | 38,884 | ||
| Stamp duty refund | 4,043 | ||
| Balance transferred from income account | 16,658 | ||
| --------- | 41,298 | ||
| ----------- | |||
| Balance | as at 5 April 2025 | £835,694 | |
| ====== |
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
Page 3
INCOME ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
| 2025 Income from investments UK dividends 11,578 UK interest 9,547 Interest on stamp duty refund 1,835 Property income distributions 1,267 Foreign dividends 10,095 Foreign interest 3,902 --------- - 38,224 Less expenses: Accountancy 630 570 Broker fees 8,628 8,324 LEI renewal fee 174 60 -------- ------- 9,432 --------- - 28,792 Less foreign tax not reclaimable 334 ----------- - Net income for the year 28,458 Less: Distributions made during the year 11,800 --------- - Balance transferred to capital account £16,658 ===== |
2024 14,285 6,475 - 1,021 7,030 4,338 --------- 33,149 8,954 --------- 24,195 226 --------- 23,969 14,350 --------- £9,619 ===== |
|---|---|
Page 4
KATHLEEN AND SIDNEY LINKINS MEMORIAL TRUST
TRUST ASSETS FOR THE YEAR ENDED 5 APRIL 2025
| Aberdeen Global Inflation Linked Bond Artemis US Select Income Astrazeneca Blackrock Sustainable American Income BNY Mellon US Equity Income BP Foresight Solar Fund Foresight UK Infrastructure Fundsmith LLP Equity Income GCP Asset Backed Income Fund GCP Infrastructure Investments GSK Invesco Tactical Bond (UK) Legal & General Legal & General Strategic Bond Fund M&G Emerging Markets Fund M&G Global Dividends Fund Man Sterling Corporate Bond Fund Marlborough North American Trust Murray International Trust Polar Capital Funds Global Convertible Prudential Rathbone Income Residential Income Secure Rio Tinto Royal London Short Duration Global High Yield Sequoia Economic Infrastructure Smurfit Westrock The Renewables Infrastructure Group UK Gov’t Index-Linked Treasury Stock 2026 Unilever Universal Music Group Shares sold during the year Aviva Blackrock Corporate Bond Compass Group Janus Henderson Strategic Bond Jupiter European Persimmon Tritax Eurobox Bank deposit interest Interest on stamp duty refund |
Number Cost Market Value 22,571 30,132 29,320 6,631 20,198 25,190 140 15,192 15,756 12,650 25,364 25,047 16,107 20,377 21,828 6,115 28,271 26,668 22,400 20,102 17,853 29,860 30,004 23.138 6,000 22,453 36,321 17,223 16,865 11,367 43,600 45,503 31,087 755 10,120 11,038 12,464 25,200 25,218 8,100 20,272 19,667 39,738 20,045 20,246 47,622 34,657 35,393 17,574 18,001 25,970 35,232 30,143 36,359 3,700 2,525 34,365 7,000 15,129 18,340 5,041 39,974 37,254 3,600 27,920 29,743 35,416 30,300 30,394 39,500 30,285 22,120 435 20,466 19,951 49,827 39,355 38,367 17,200 19,986 13,468 740 20,409 25,611 28,700 29,218 21,697 25,000 34,998 38,019 565 6,657 26,047 1,035 20,230 22,040 ----------- ----------- £770,351 £814,882 ====== ====== |
Income 417 - 344 1,012 202 1,261 896 1,137 123 944 3,590 - - 1,671 549 2,678 810 2,368 519 826 2,201 393 - 1,267 - 1,700 1,182 1,339 2,144 47 837 - 853 2,239 154 426 180 422 1,263 395 1,835 ---------- £38,224 ====== |
|---|---|---|