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**
======|
|---|---|---|