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2022-08-31-accounts

ANNUAL REPORT AND ACCOUNTS

YEAR ENDED 31[ST] AUGUST 2022

OLD TRIDENTS’ SOCIETY 2022

1[st] September 2021 - 31[st] August 2022

Contents

Trustees’ Report for the year ended 31stAugust 2022 1 – 3
Independent Examiner’s Report to the Trustees of the Old 5
Tridents’ Society
Statement of Financial Activities for the Year to 31stAugust 2022 6
Balance Sheet as of 31stAugust 2022 7
Notes to the Accounts for the Year to 31stAugust 2022 8-10
Description of Funds 10

OLD TRIDENTS' SOCIETY IN CONNECTION WITH TRENT COLLEGE

Trustees Report for the year ended 31st August 2022

The trustees are pleased to present their report together with the financial statements of the charity for the year ending 31 August 2022.

Alternative Name: The Old Tridents’ Society Registered Charity Number: 810009 Principal Office: The Old Tridents’ Society Trent College Long Eaton Nottingham NG10 4AD

Trustees

The Trustees who served during the year were as follows:

President

J E C Gregory (resigned 30[th ] November 2021) D A Kalantary (appointed 30[th] November 2021) Secretary R J Gooding Treasurer D A Kalantary (resigned 30[th] November 2021) P J Nathanail (appointed 30[th] November 2021)

Other Elected Trustees

A D Harrison D Bladen B Hall (appointed 30[th] November 2021) A Wright (appointed 30[th] November 2021) G Livesey (appointed 30[th] November 2021) T Singleton (appointed 30[th] November 2021) I Norman (appointed 30[th] November 2021) J Redgate (appointed 30[th] November 2021)

1

Legal and Administrative

Independent Examiner: Lemans 29 Arboretum Street Nottingham NG1 4JA Bankers: Lloyds TSB Bank Plc 22 Bridge Street Stratford upon Avon CV37 6AG Investment Advisors: Brewin Dolphin LLP 1[st ] Floor, Waterfront House, Waterfront Plaza 35 Station Street Nottingham NG2 3DQ

2

OLD TRIDENTS' SOCIETY IN CONNECTION WITH TRENT COLLEGE

Trustees Report for the year ended 31st August 2022 (continued)

Governance and Trustees

The trustees present their annual report and accounts for the charity for the year ending 31[st ] August 2022. The trustees confirm that the annual report and accounts, of the charity, comply with The Charities Act 2011. The requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities”, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014, have been complied with.

Governing Document

Old Tridents’ Society, in connection with Trent College, is an association constituted by Rules adopted on 21[st ] January 1903 with the latest amendments as of 8[th ] January 1971.

Appointment of Trustees

As set out in the rules, trustees are elected from the members of the society. The principle officer posts of President, Secretary and Treasurer are elected at Trustee Meetings and confirmed at the Annual General Meeting.

Trustee induction and training

New trustees are supplied with a manual containing a brief of their legal obligations under charity law and the rules of the association, the objects of the charity and the committee and decision making process.

Objects and Policies

The object of the Society is to further the interests of past pupils at Trent College.

In setting our objectives and planning our activities, we have given careful consideration to the Charity Commission’s general guidance on public benefit

The policies adopted to achieve this object are:

3

OLD TRIDENTS' SOCIETY IN CONNECTION WITH TRENT COLLEGE

Trustees report for the year ended 31st August 2022 (continued)

Reserves Policy

The Charity retains unrestricted funds, to at least the level equivalent of twelve months expenditure. Currently some costs of The Charity are born by Trent College. Sufficient unrestricted funds should be available, should the support be no longer available.

Reserves in unrestricted funds for year ended 31[st ] August 2022 £324,851 (2021: £260,671)

Approved by the General Committee on …………………………………..and signed on its behalf by:

D A Kalantary R J Gooding P J NATHANAIL President Secretary Treasurer

4

OLD TRIDENTS' SOCIETY

Independent Examiner’s Report to the Committee of The Old Tridents’ Society

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31[st] August 2022, which are set out on pages 5 to 9.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulation 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date:……………….. K Mealand Lemans 29 Arboretum Street Nottingham NG1 4JA

OLD TRIDENTS' SOCIETY

Statement of Financial Activities for the Year ended 31st August 2022

Notes
Income from
Investment income
2
Donation
Total income
Expenditure on
Raising funds
Investment management costs
Charitable activites
Charitable expenditure
Scholarships, bursaries and grants
3
Contributions to school leavers
Dinner costs
Mailing and administrative costs
Sporting & social activities
Knights Professional Fees
Upkeep
Trustee expenses
Accountancy fee
Total expenditure
Net income/(expenditure) before investment gains
Net gains on investments
4
Realised
Unrealised
Net income
Transfers between funds
5
Net Movement in Funds
Total Funds Brought Forward
Total Funds Carried Forward		 2022
2021
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
Total

£
£
£
£
£

5,042
1,814
11,237
18,093
16,072
7,862
-
-
7,862
-
12,904
1,814
11,237
25,955
16,072
6,447
-
-
6,447
6,152

-
-
-
-
7,206
636
-
-
636
-
1,024
-
-
1,024
-
4,295
-
-
4,295
-
1,635
-
-
1,635
-
5,913
-
-
5,913
-
-
-
-
-
-
-
-
-
-
-
1,428
-
-
1,428
600
21,378
-
-
21,378
13,958
(8,474)
1,814
11,237
4,577
2,114
(743)
(456)
(832)
(2,031)
2,739
(7,194)
(198)
(13,522)
(20,914)
91,372
(7,937)
(654)
(14,354)
(22,945)
94,111
(16,411)
1,160
(3,117)
(18,368)
96,225
-
11,237
(11,237)
-
-
(16,411)
12,397
(14,354)
(18,368)
96,225
324,851
82,886
294,693
702,429
606,204
308,439
95,283
280,338
684,060
702,429

All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above. The annexed notes form part of the accounts.

OLD TRIDENTS' SOCIETY

Balance Sheet as at 31st August 2022

Balance Sheet as at 31st August 2022
Notes
Fixed Assets
Investments (at market value)
4
Current Assets
Debtors
Balances at bank
Business 30 day interest account
Current account
Current Liabilities
Creditors
Net Current Assets
Net Assets
represented by
FUNDS
Endowment Funds
6
The Friends of Trent Fund - Capital
Restricted Funds
6
The Friends of Trent Fund - Income
The Children of Old Tridents Fund
R.K.May Award Fund
G.J.S.Warner Memorial Fund
QMSI Robert J Kemp, BEM, Memorial Fund
Unrestricted Funds
General Fund		 2022
£
£
621,334
34,014
22,305
7,437
63,756
(1,030)
62,726
684,060
280,339
34,602
59,657
-
276
748
95,283
308,438
684,060		 2021
£
665,669
19,564
18,768
358
38,691
(1,930)
34,602
59,657
-
276
748		 36,761
684,060 702,429
280,339
95,283
308,438		 294,693
23,365
58,497
-
276
748
324,849
684,060 702,429

The financial statements on pages 5 to 9 were approved by the trustees on ____ and signed on their behalf by:

(President)

The annexed notes form part of the accounts.

OLD TRIDENTS' SOCIETY

Notes to the Accounts for the Year ended 31st August 2022

1: Accounting Policies

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised as cost on transaction. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities", applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE), the Charities Act 2011 and applicable regulations.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity, and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted is set out in the notes to the financial statements.

Endowment funds represent those assets which must be held permanently by the charity, principally investments. Income arising on the endowment funds can be used in accordance with the objects of the charity. Any capital gains or losses arising on the investments form part of the fund. Investment management charges are charged against general funds and charges for legal advice relating to the fund are charged against the fund.

Investment income and gains are allocated to the appropriate fund.

Income

All income is included in the Statement of Financial Activities (SOFA) when the charity has entitlement to the funds, after any performance conditions have been met, the amount can be measured reliably and it is probable the income will be received.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities in a basis consistent with the use of the resources.

Investments

Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses on revaluations and disposals throughout the year.

OLD TRIDENTS' SOCIETY

Notes to the Accounts for the Year ended 31st August 2022

2: Investment income
2022
Endowment Fund
The Friends of Trent Fund
Restricted Funds
The Children of Old Tridents Fund
G.J.S.Warner Memorial Fund
QMSI Robert J Kemp, BEM, Memorial Fund
General Fund
Total
2021
Endowment Fund
The Friends of Trent Fund
Restricted Funds
The Children of Old Tridents Fund
G.J.S.Warner Memorial Fund
QMSI Robert J Kemp, BEM, Memorial Fund
General Fund
Total
3: Scholarships, Bursaries and Grants
The Friends of Trent Fund
Bursary
4: Fixed Asset Investments
Listed securities
Market Value at 1st September 2021
Less: Disposals at opening book value or subsequent cost
Add: Acquisitions at cost
Net gains (losses) on revaluation at 31st August 2022
Market value at 31st August 2022
Historical cost as at 31st August 2022
Listed securities
General Fund
The Friends of Trent Fund
The Children of Old Tridents Fund
Total listed securities		 Interest
£
1		 Dividends
£
11,236		 Total
£
11,237
0
0
0		 1,814
-
-		 1,814
0
0
0 1,814 1,814
1 5,041 5,042
1 9,627
18,093
9,628
0
0
0		 1,559
-
-		 1,559
0
0
0 1,559 1,559
0 4,885 4,885
Cost
£
176,492
292,225
56,055		 2022
£
-
16,072
2021
£
7,206
2022
2021
£
£
665,669
565,195
(115,795)
(54,538)
92,375
63,640
(20,914)
91,372
621,334
665,669
524,772
539,164
2022
2021
£
£
213,627
227,651
341,290
365,915
66,417
72,102
Market Value
524,772 621,334
665,669

5: Transfers between Funds

The transfer represents the net income/(deficit) for the year of the Friends of Trent fund.

OLD TRIDENTS' SOCIETY

Notes to the Accounts for the Year ended 31st August 2022

6: Movements in Restricted and Endowment Funds

Endowment Fund
The Friends of Trent Fund - Capital
Restricted Funds
The Friends of Trent Fund - Income
The Children of Old Tridents Fund
G.J.S.Warner Memorial Fund
QMSI Robert J Kemp, BEM, Memorial Fund
7: Analysis of Net Assets by Fund
General Fund
The Friends of Trent Fund - Capital
The Friends of Trent Fund - Income
The Children of Old Tridents Fund
R.K.May Award Fund
G.J.S.Warner Memorial Fund
QMSI Robert J Kemp, BEM, Memorial Fund		 Fixed Assets
£
213,627
341,290
-
66,417
-
-
-		 Funds
brought
forward
Movement in
Period
Funds carried
forward
£
£
£
294,693
(14,354)
280,339
294,693
(14,354)
280,339
23,365
11,237
34,602
58,497
1,160
59,657
276
0
276
748
0
748
82,886
12,397
95,283

Current
Assets
Current
Liabilities
Net Assets
£
£
£
95,841
(1,030)
308,438
(60,952)
-
280,339
34,602
-
34,602
(6,760)
-
59,657
-
-
-
276
-
276
748
-
748
621,334 63,756
(1,030)
684,060

8: Trustees Expenses

During the Year £0 (2021:£0) was paid to trustees in respect of reimbursed expenses.

None of the trustees (2021: none) received any remuneration or benefit in kind from the charity.

9: Description of Funds

GENERAL FUND

The primary purpose of this fund is to provide for the administration of the Society and to provide financial assistance to its sporting activities.

THE FRIENDS OF TRENT FUND

This permanent endowment fund provides income for application for the general benefit of the School, including scholarships and bursaries. The capital of the fund includes a substantial bequest from the Estate of W. H. Bowen Decd.

THE CHILDREN OF OLD TRIDENTS FUND

This fund has been created to provide bursaries at Trent reserved for the children of Old Tridents. This fund was substantially created by contributions from :-

a) Major Cyril Martin, G C b)The Harrold Bursary c) Norman Wright.

R. K. MAY AWARD FUND

The purpose of this Fund is to provide a contribution to the school’s Kenneth May leadership award for pupils with outstanding qualities of leadership and ability at games

G J S WARNER MEMORIAL FUND

This Fund was created to provide a memorial at Trent to Reverend G J S Warner. Initially, the Memorial Window in the Chapel was completed at a total cost of £860. The balance of the fund was used for the maintenance of the spinneys.

QMSI ROBERT J KEMP, BEM, MEMORIAL FUND

The purpose of this fund is to support Sarge’s particular interests and future developments at the School. The majority of this fund, £6,500, was paid to the Trent Foundation in July 2009 to support the Sarge Bursary Fund

10: Related Parties

There were no related party transactions during the year.

Appendix to the financial statements

Fixed Asset Investments Market Value
Holding Cost 2022 2021
General Fund £ £ £
Admiral Group Ord 72 1,527 1,528 2,600
Admiral Group Ord 1 38 878 806 1,372
Ashtead Grp 210 2,070 8,928 11,953
Blackrock FM Ltd Contl Eurp - - - 3,218
Blackrock FM Ltd Contl Eurp part sale - - - (1,938)
Blackrock FM Ltd Contl Eurp 1 - - - 1,724
Blackrock FM Ltd Contl Eurp 2 - - - 1,638
BNY Mellon fd mng newton Asian inc 1 fcc 9,073 9,443 10,744 10,583
BNY Mellon fd mng newton Asian inc 1 fcc 2 (3,271) (3,815) (3,873) -
Brit Amer Tobacco 100 4,531 3,452 2,729
Brit Amer Tobacco 1 29 898 1,001 791
Compass Group ORD 319 3,853 5,930 4,787
Coupland Cardiff F CC Japan Inc - - - 9,231
Coupland Cardiff F CC Japan Inc 1 - - - 1,101
Diageo Ord 1 38 1,025 1,430 1,328
Fidelity UCITS ICA US QUAL INC UCITS ETF 2,431 12,766 16,850 15,437
Finsbury G&I TST - - - 6,704
First Sentier State Inv.(UK) Glbl Listed Infrastructure B 1,198 1,264 3,061 2,623
First Sentier State Inv.(UK) Glbl Listed Infrastructure B 1 (348) (762) (889) -
Glaxosmithkline Ord 25p Shares 1 - - - 775
GSK PLC ORD GBP0.3125 (Glaxosmithkline Ord 25p) 42 881 579 -
Haleon PLC ORD GBP0.01 (GSK PLC ORD GBP0.25) 53 - 137 -
Hiscox Ord - - - 1,103
Inditex Euro.03 (Post Subd) 86 2,239 1,602 2,132
Invesco Fd Mgrs INVESCO ASIAN UK 2 fcc 2,977 6,400 7,777 7,359
Ishares II plc USD TIPS UCITS ETF 956 5,135 4,959 5,361
Ishares Core FTSE 100 UCITS ETF 750 4,484 5,393 5,277
Ishares Physical M ISHS Phys Gold etc 92 2,515 2,650 2,360
Ishares Physical Metals plc 19 557 547 -
J P Morgan Asset Management UK Ltd US Equity NAV 10,598 5,554 16,861 14,837
J P Morgan Funds Ltd US EQUITY INC K 2,530 2,847 4,025 3,542
JP Morgan AM UK Ltd Emg Mkts Inc C Net - - - 4,464
JP Morgan Fund 2,925 4,572 4,554 -
Jupiter UT Mngrs Strategic Bond fcc 3,337 3,237 2,849 3,409
Jupiter Strategic Bond Fund 686 610 586 -
Jupiter Japan Income Fund 11,399 12,373 12,103 -
Kone OYJ SER'B'NPV 32 1,921 1,106 1,918
Legal & General Group 1,642 4,625 4,146 -
LVMH Moet Hennessy Vuitton SE 5 2,843 2,799 -
Nestle SA 29 2,868 2,926 -
Ninety One (Investec) Fund Mgrs Diversified Income 1 975 957 886 982
Ninety One (Investec) Fund Mgrs Diversified Income 2 4,580 4,385 4,163 -
Ninety One Funds Series One 483 448 439 -
Personal Assets TR ORD GBP12.50 5 2,576 25 2,470
Personal Assets TR ORD GBP12.50 1 1 572 5 -
Personal Assets TR ORD GBP12.50 2 (6) (3,148) (29) -
Personal Assets TR ORD GBP12.50 3 600 3,148 2,946 -
Pimco Global Advis Sel UK BD Instl Inc Nav 756 7,853 6,625 7,797
Pimco Global Advis Sel UK BD Instl Inc Nav 1 357 3,603 3,127 3,681
Polar Capital Fund North America 453 9,344 12,593 12,417
Polar Capital Fund North America 1 135 2,688 3,753 3,700
Prudential 125 2,207 1,133 1,900
Prudential 1 122 1,495 1,102 1,848
Relx PLC 89 1,643 2,013 1,942
Relx PLC 1 83 1,582 1,877 1,811
Royal Dutch Shell Euro 0.07 1 83 1,070 1,901 1,188
RWC Waystone Mgmt Co (Asset Management LLP -Enhanced Income Fund Units) - - - 4,502
Redwheel Funds Enh Inc B GBP 45 5,849 4,337 -
Schroder Unit TSst Global Cities Real Estate fcc 12,580 5,136 5,846 6,915
Schroder Unit TSst Global Cities Real Estate 1 1,597 786 742 -
Smith & Nephew Ord USD0.20 366 5,411 3,717 5,106
T Bailey Fund Serv TB Evenlode Income - - - 3,279
T Bailey Fund Serv TB Evenlode Income 1 - - - 3,979
T Bailey Fund Serv Evenlode GBL INC 3,974 4,198 5,603 5,712
Twentyfour Global Corporate Bond I GBP 24 2,569 2,051 2,532
Twentyfour Global Investment Funds plc 7 688 598 -
Vanguard Investment Series S&P 285 7,070 18,534 17,808
Vanguard Inv Ser UK Govt BD IDX INSTL 53 7,020 5,073 6,586
Whitbread ord - - - 3,080
176,492 213,627 227,651

Appendix to the financial statements (cont'd)

Appendix to the financial statements (cont'd)
Market Value
The Friends of Trent Fund Holding Cost 2022 2021
Admiral Group Ord 228 4,832 4,838 8,233
Admiral Group Ord 1 62 1,463 1,316 2,239
Ashtead Grp 140 1,379 5,947 7,962
Aviva Investors UK US Equity Inc fcc 5,663 9,312 12,043 10,618
Blackrock FM Ltd Contl Eurp - - - 13,227
Blackrock FM Ltd Contl Eurp part sale - - - (5,547)
Blackrock FM Ltd Contl Eurp 1 - - - 2,873
Blackrock FM Ltd Contl Eurp 2 - - - 2,730
BNY Mellon fd mng newton Asian inc 1 fcc 17,098 17,810 20,246 19,944
BNY Mellon fd mng newton Asian inc 1 fcc 2 (6,163) (7,189) (7,298) -
Brit Amer Tobacco 130 4,818 4,487 3,548
Brit Amer Tobacco 1 47 1,497 1,622 1,283
Compass Group ORD 253 3,063 4,703 3,796
Coupland Cardiff F CC Japan Inc - - - 5,214
Coupland Cardiff F CC Japan Inc 1 - - - 1,814
Diageo Ord 154 3,869 5,797 5,381
Diageo Ord 2 (108) (3,774) (4,065) -
Diageo Ord 1 62 1,708 2,334 2,166
Fidelity UCITS ICA US QUAL INC UCITS ETF 1,933 10,149 13,398 12,275
Finsbury G&I TST - - - 2,718
First Sentier State Inv.(UK) Glbl Listed Infrastructure B 7,938 8,378 20,285 17,386
First Sentier State Inv.(UK) Glbl Listed Infrastructure B 1 (2,304) (5,048) (5,888) -
Glaxosmithkline Ord 25p Shares - - - 7,310
Glaxosmithkline Ord 25p Shares 1 - - - 1,272
GSK PLC ORD GBP0.3125 (Glaxosmithkline Ord 25p) 470 6,692 6,483 -
Haleon PLC ORD GBP0.01 (GSK PLC ORD GBP0.25) 587 - 1,519 -
Hiscox Ord - - - 2,021
Inditex Euro.03 (Post Subd) 142 3,731 2,646 3,521
Invesco Fd Mgrs INVESCO ASIAN UK 2 fcc 2,366 5,088 6,183 5,850
Ishares II plc USD TIPS UCITS ETF 1,869 10,048 9,695 10,481
Ishares Core FTSE 100 UCITS ETF 1,250 7,474 8,989 8,795
Ishares Physical M ISHS Phys Gold etc 302 8,256 8,698 7,746
Ishares Physical Metals plc 148 4,274 4,262 -
J P Morgan Asset Management UK Ltd US Equity NAV 9,082 4,760 14,449 12,715
J P Morgan Funds Ltd US EQUITY INC K 2,011 2,263 3,200 2,815
JP Morgan AM UK Ltd Emg Mkts Inc C Net - - - 2,976
JP Morgan Fund 1,950 3,048 3,036 -
Jupiter UT Mngrs Strategic Bond fcc 18,579 18,020 15,859 18,978
Jupiter Strategic Bond Fund 1,964 1,744 1,676 -
Jupiter Japan Income Fund 7,754 8,417 8,233 -
Kone OYJ SER'B'NPV 91 5,497 3,144 5,453
Legal & General Group 665 1,875 1,679 -
LVMH Moet Hennessy Vuitton SE 11 5,357 6,157 -
Nestle SA 56 5,405 5,650 -
Ninety One (Investec) Fund Mgrs Diversified Income 18,250 18,213 16,587 18,374
Ninety One (Investec) Fund Mgrs Diversified Income 1 1,625 1,596 1,477 1,636
Ninety One (Investec) Fund Mgrs Diversified Income 2 4,232 4,053 3,846 -
Ninety One Funds Series One 1,384 1,282 1,258 -
Novartis AG CHF0.50 (REGD) 115 8,169 8,013 7,734
Personal Assets TR ORD GBP12.50 18 8,456 88 8,892
Personal Assets TR ORD GBP12.50 1 9 4,392 44 -
Personal Assets TR ORD GBP12.50 2 (27) (12,848) (133) -
Personal Assets TR ORD GBP12.50 3 2,700 12,848 13,257 -
Polar Cap Gbl Hlthcare - - - -
Pimco Global Advis Sel UK BD Instl Inc Nav 413 4,284 3,614 4,253
Pimco Global Advis Sel UK BD Instl Inc Nav 1 418 4,229 3,662 4,310
Polar Capital Fund North America 147 3,042 4,087 4,029
Polar Capital Fund North America 1 225 4,481 6,255 6,167
Prudential 209 3,679 1,889 3,166
Prudential 1 204 2,491 1,843 3,091
Relx PLC 161 2,982 3,642 3,513
Relx PLC 1 137 2,637 3,099 2,989
Rio Tinto Ord GBP0.10 200 6,037 9,542 10,764
Royal Dutch Shell Euro 0.07 500 9,656 11,450 7,155
Royal Dutch Shell Euro 0.07 2 (420) (6,010) (9,618) -
Royal Dutch Shell Euro 0.07 1 137 1,784 3,137 1,960
RWC Waystone Mgmt Co (Asset Management LLP -Enhanced Income Fund Units) - - - 4,641
Redwheel Funds Enh Inc B GBP 46 4,899 4,471 -
Schroder Unit TSst Global Cities Real Estate fcc 14,767 6,030 6,862 8,117
Schroder Unit TSst Global Cities Real Estate 1 4,571 2,250 2,124 -
Smith & Nephew Ord USD0.20 244 3,608 2,478 3,404
T Bailey Fund Serv TB Evenlode Income - - - 3,545
T Bailey Fund Serv TB Evenlode Income 1 - - - 3,163
T Bailey Fund Serv Evenlode GBL INC 7,289 7,701 10,277 10,476
Twentyfour Global Corporate Bond I GBP 80 8,432 6,836 8,442
Twentyfour Global Investment Funds plc 58 5,280 4,956 -
Unilever Ord 3.1p Shares 225 2,156 8,832 9,104
Vanguard Investment Series S&P 156 3,961 10,157 9,759
Vanguard Inv Ser UK Govt BD IDX INSTL
62
Whitbread ord
-		 8,241
5,934
7,705
-
-
1,732
292,225
341,290
365,915
Appendix to the financial statements (cont'd)
Market Value
Children of Old Tridents Fund Holding Cost 2022 2021
Admiral Group Ord 1 25 585 531 903
Blackrock FM Ltd Contl Eurp - - - 1,609
Blackrock FM Ltd Contl Eurp part sale - - - (1,134)
Blackrock FM Ltd Contl Eurp 1 - - - 1,149
Blackrock FM Ltd Contl Eurp 2 - - - 1,092
BNY Mellon fd mng newton Asian inc 1 fcc 1,974 2,024 2,337 2,302
BNY Mellon fd mng newton Asian inc 1 fcc 2 (711) (830) (842) -
Brit Amer Tobacco 1 19 599 656 519
Compass Group ORD 178 2,156 3,309 2,671
Coupland Cardiff F CC Japan Inc - - - 130
Coupland Cardiff F CC Japan Inc 1 - - - 729
Diageo Ord 96 2,395 3,613 3,354
Diageo Ord 2 (67) (1,681) (2,522) -
Diageo Ord 1 25 683 941 874
Fidelity UCITS ICA US QUAL INC UCITS ETF 1,361 7,143 9,433 8,642
Finsbury G&I TST - - - 5,074
First Sentier State Inv.(UK) Glbl Listed Infrastructure B 164 173 419 359
First Sentier State Inv.(UK) Glbl Listed Infrastructure B 1 (48) (104) (123) -
Glaxosmithkline Ord 25p Shares 1 - - - 512
GSK PLC ORD GBP0.3125 (Glaxosmithkline Ord 25p) 28 587 386 -
Haleon PLC ORD GBP0.01 (GSK PLC ORD GBP0.25) 35 - 91 -
Hiscox Ord - - - 551
Inditex Euro.03 (Post Subd) 57 1,492 1,062 1,413
Invesco Fd Mgrs INVESCO ASIAN UK 2 fcc 1,665 3,581 4,349 4,116
Ishares Core FTSE 100 UCITS ETF 500 2,989 3,596 3,518
Ishares Physical M ISHS Phys Gold etc 61 1,677 1,757 1,565
Ishares Physical Metals plc 13 369 374 -
J P Morgan Asset Management UK Ltd US Equity NAV 864 453 1,375 1,210
J P Morgan Funds Ltd US EQUITY INC K 1,415 1,593 2,251 1,981
Jupiter UT Mngrs Strategic Bond fcc 457 444 390 467
Jupiter Strategic Bond Fund 402 357 343 -
Jupiter Japan Income Fund 947 1,028 1,006 -
Kone OYJ SER'B'NPV 19 1,124 656 1,139
Legal & General Group 1,243 3,500 3,139 -
LVMH Moet Hennessy Vuitton SE 1 618 560 -
Nestle SA 6 624 605 -
Ninety One (Investec) Fund Mgrs Diversified Income 1 650 638 591 654
Ninety One (Investec) Fund Mgrs Diversified Income 2 1,688 1,616 1,534 -
Ninety One Funds Series One 283 262 257 -
Personal Assets TR ORD GBP12.50 4 1,717 20 1,976
Personal Assets TR ORD GBP12.50 1 1 379 5 -
Personal Assets TR ORD GBP12.50 2 (5) (2,097) (25) -
Personal Assets TR ORD GBP12.50 3 500 2,097 2,455 -
Pimco Global Advis Sel UK BD Instl Inc Nav 206 2,142 1,807 2,126
Polar Capital Fund North America 1 90 1,792 2,502 2,467
Prudential 84 1,472 755 1,267
Prudential 1 81 996 732 1,227
Relx PLC 1 55 1,055 1,244 1,200
Royal Dutch Shell Euro 0.07 1 55 713 1,260 787
RWC Waystone Mgmt Co (Asset Management LLP -Enhanced Income Fund Units) - - - 2,872
Redwheel Funds Enh Inc B GBP 28 3,032 2,767 -
Schroder Unit TSst Global Cities Real Estate 1 935 460 434 -
T Bailey Fund Serv TB Evenlode Income - - - 449
T Bailey Fund Serv TB Evenlode Income 1 - - - 2,226
T Bailey Fund Serv Evenlode GBL INC 1,987 2,099 2,802 2,856
Twentyfour Global Corporate Bond I GBP 16 1,713 1,367 1,688
Twentyfour Global Investment Funds plc 5 456 427 -
Vanguard Investment Series S&P 89 1,933 5,790 5,563
56,055 66,417 72,102
Total Investments 524,772 621,334 665,669