## **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: - (a) Providing financial support to Trent College. - (b) Arranging various activities for the members of the Society in order to further continuing interest in and support of Trent College. - (c) Providing means of communication between Trent College and its former students, in conjunction with Trent College. 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**|