ROBERT and KEZIA STANLEY CHAPMAN TRUST
Report and Financial Statements
For the year ended 31 December 2024
page 1
ROBERT and KEZIA STANLEY CHAPMAN TRUST
The Trustees present their report and financial statements for the year ended 31 December 2024.
PRINCIPAL ACTIVITY
The Robert & Kezia Stanley Chapman Trust results from a bequest by Mabel Stanley Chapman who died in 1994. Under the terms of the will, the Trust is administered by the Yearly Meeting of Friends and the income to be used for charitable purposes including relief and mission work at home or abroad. It is also a condition of the will that the capital be invested and only the income used.
TRUSTEES
The financial affairs are the responsibility of the Trustees
who are appointed by Ireland Yearly Meeting. The Trustees as at year end, during the year, or appointed prior to the approval of the financial statements were :
| Richard Bloomfield (Treasurer) | appointed until September 2026 |
|---|---|
| Nigel R.Hampton (Clerk) | Ulster Friends' Trustees |
| Susanne Hayes | appointed until January 2026 |
| Kate Jarvey | appointed until January 2027 |
| Fiona Brown - Johnson | appointed until September 2027 |
| Charles B. Lamb | appointed until September 2027 |
| Ann Loney | appointed until March 2027 |
| Susanna Murdoch | appointed until January 2026 |
| Janet Pritchard | appointed until January 2027 |
| Paul Sinton | appointed until March 2027 |
| Accountant | Crawford Tipping, F.C.A., |
| "Birchwood" | |
| Clonganny | |
| Ballygarrett | |
| Gorey | |
| Co. Wexford. | |
| Bankers | Evelyn Partners |
| 3, Bedford Square | |
| Belfast | |
| BT2 7EP | |
| Investment Advisors | Evelyn Partners |
| 3, Bedford Square | |
| Belfast | |
| BT2 7EP | |
| Offices | Quaker House |
| Stocking Lane | |
| Rathfarnham | |
| Dublin 16. | |
| NI Charity Commission Number | NIC 102404 |
Crawford Tipping. F.CA IIIDEPENDENT EXAMINER'S IiepoRT TO TrIE TRUSTEES OF THE ROBERT & KEZIA STANLEY CHAPIAAN TRUST ?A 14.4( r( .F.CA
page 3
THE ROBERT & KEZIA STANLEY CHAPMAN TRUST
Receipts and Payments Account for the year ended 31 December 2024
| Note Receipts Dividends and Interest (net of tax - irrecoverable) Grant Returned Total Income Payments Grants paid 2 Bank, Audit & Investment Management Fees Total Costs Surplus of Receipts over payments Deposit Accounts at 1 January Surplus of Receipts over payments Capital Deposit/Current Account Adjustment Deposit Accounts at 31 December |
Actual 31/12/24 Sterling 53,369 0 53,369 (16,540) (8,162) (24,702) 28,667 56,163 28,667 (60,110) 24,720 |
Actual 31/12/23 Sterling 53,287 26,000 |
|---|---|---|
| 79,287 | ||
| (50,208) (8,022) |
||
| (58,230) | ||
| 21,057 | ||
| 35,040 21,057 66 |
||
| 56,163 |
I approve these financial statements, which I have prepared, and confirm that I am responsible for them, including selecting the accounting policies and making judgements underlying them.
I confirm also that I have made available all relevant accounting records and information necessary for their review.
RICHARD BLOOMFIELD TREASURER ON BEHALF OF THE ROBERT & KEZIA STANLEY CHAPMAN TRUST
15 April 2025
page 4
THE ROBERT & KEZIA STANLEY CHAPMAN TRUST
BALANCE SHEET AS AT 31st DECEMBER 2024
| Note INVESTMENTS ( at book value) 3 BANK AND CASH 4 CREDITORS 5 TOTAL ASSETS FUNDS AND PROVISIONS Trust Fund at book value 6 Income available for new grants 7 |
31/12/24 Sterling 1,237,059 24,720 (23,560) 1,238,219 1,112,941 125,278 1,238,219 |
31/12/23 Sterling 1,130,730 56,163 0 |
|---|---|---|
| 1,186,893 | ||
| 1,090,282 96,611 |
||
| 1,186,893 |
I approve these financial statements, which I have prepared, and confirm that I am responsible for them, including selecting the accounting policies and making judgements underlying them.
I confirm also that I have made available all relevant accounting records and information necessary for their review.
RICHARD BLOOMFIELD TREASURER ON BEHALF OF THE ROBERT & KEZIA STANLEY CHAPMAN TRUST
15 April 2025
page 5
THE ROBERT & KEZIA STANLEY CHAPMAN TRUST
NOTES ON THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2024
Note 1
The Robert and Kezia Stanley Chapman Trust results from a bequest by Mabel Stanley Chapman who died in 1994. Under the terma of the will, the Trust is administered by the Yearly Meeting of nFriends and the income to be used for charitable purposes including relief and mission work at home or abroad. It is also a condition of the will that the capital be invested and only the income used.
The charity is registered with the Northern Ireland Charity Commission. The charity number is NIC102404 and the date of registration was 1 October 2015.
The financial statements are denoted in sterling
Note 2. Grants Paid
| QCEA Newtown School, Waterford Crumlin Lower Advancing Youth Newtown School - Pastoral Care Religious Society of Friends (IYM) Oana Marian QCEA RSoF Frederick Street Meeting |
31/12/24 31/12/23 Sterling Sterling 15,540 0 1,000 0 0 7,908 0 1,500 0 3,800 0 2,000 0 15,000 0 20,000 |
|---|---|
| 16,540 50,208 |
page 6
THE ROBERT & KEZIA STANLEY CHAPMAN TRUST
NOTES ON THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2024
| Note 3. Investments (see details on page 8) Balance at 1 January 2024- book value Cost of additions Costs of disposals Proceeds Dividends and Interest Expenses Transfer to current account Operating receipts received in capital account Net (Outflow)/Inflow Balance at 31 December 2024 - book value Balance at 31 December 2024 - market value Balance at 31 December 2023- book value Balance at 31 December 20223- market value |
Cash Investments Capital Total Deposit Sterling Sterling Sterling 1,048,638 82,092 1,130,730 311,300 (311,300) 0 (124,581) 0 (124,581) 0 147,239 147,239 0 53,369 53,369 0 (1,240) (1,240) 0 (51,916) (51,916) 0 0 0 |
|---|---|
| 186,719 (163,848) 22,871 |
|
| 1,235,357 (81,756) 1,153,601 |
|
| 1,404,193 (81,756) 1,322,437 |
|
| 1,048,638 82,092 1,130,730 |
|
| 1,195,831 82,092 1,277,923 |
| Note 4. Bank and Cash Evelyn Partners (formerly Smith & Williamson) Note 5. Creditors Temporary Settlement - Blackrock Asset Managemeny |
31/12/24 31/12/23 Sterling Sterling 24,720 56,163 |
|---|---|
| 24,720 56,163 |
|
| 31/12/24 31/12/23 Sterling Sterling 23,560 0 |
|
| 23,560 0 |
page 7
THE ROBERT & KEZIA STANLEY CHAPMAN TRUST
NOTES ON THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2024
Note 6. Trust Fund
| Balance at 1 January - book value Surplus/(Deficit) on disposal of investments Balance at 31 December - book value Excess of Market Value of Investments over Book Value Balance at 31 December - market value Note 7. Income Available for New Grants Balance at 31 December - cash on hand Balance at 31 December - within investment account Balance at 31 December - book value Balance at 31 December - available for new grants |
31/12/24 31/12/23 Sterling Sterling 1,090,282 1,097,765 22,659 (7,483) |
|---|---|
| 1,112,941 1,090,282 166,836 147,193 |
|
| 1,279,777 1,237,475 |
|
| 31/12/24 31/12/23 Sterling Sterling 24,720 56,163 100,558 40,448 |
|
| 125,278 96,611 |
|
| 125,278 96,611 |
Note 7. Approval of the Financial Statements
The financial statements were signed by the Treasurer on behalf of the Trustees of the Robert & Kezia Stanley Chapman Trust on 15 April 2025
THE ROBERT & KEZIA STANLEY CHAPMAN TRUST
NOTES ON THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2024
Investments
| Investments | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| page 8.1/2 | No of shares | Book Value | Mkt Value | Addits Units | Addits Cost | Disp.Units | Disp. C0st | Proceeds | Profit/Loss | No of shares | Book Value | Mkt Value | MV v BV |
| 31/12/23 | 31/12/23 | 31/12/23 | cost | 31/12/24 | 31/12/24 | 31/12/24 | |||||||
| Aviva 8.75% Cum IRR PRF GBP 1 | 20,000 | 21,407 | 26,200 | 20,000 | £21,407.00 | £27,000.00 | £5,593.00 | ||||||
| Amazon Com Inc | 0 | 0 | 0 | 70 | £9,781.33 | £0.00 | 70 | £9,781.33 | £12,274.00 | £2,492.67 | |||
| American Tower Inc | 0 | 0 | 0 | 65 | £10,277.00 | £0.00 | 65 | £10,277.00 | £9,526.00 | -£751.00 | |||
| Artemis Investment Fund | 27,500 | 25,336 | 25,534 | 2,337 | £0.00 | £0.00 | 25,163 | £25,336.00 | £25,097.00 | -£239.00 | |||
| Bank of America | 420 | 14,415 | 11,094 | £0.00 | 420 | £14,414.68 | £14,763.00 | £348.32 | |||||
| Bellevue Healthcare Trust | 14,000 | 27,073 | 22,036 | £0.00 | 14,000 | £27,073.46 | £19,852.00 | -£7,221.46 | |||||
| BBGI SICAV S.A. Ord NPV | 5,731 | 8,084 | 8,115 | £0.00 | 5,731 | £8,084.00 | £7,141.00 | -£943.00 | |||||
| Blackrock Asset Mgmt Ireland | 0 | 0 | 0 | 727 | £83,458.00 | £0.00 | 727 | £83,458.00 | £85,359.00 | £1,901.00 | |||
| Blackrock Continental | 20,000 | 29,531 | 37,006 | 0 | £0.00 | £0.00 | 20,000 | £29,531.00 | £36,851.00 | £7,320.00 | |||
| BNY Mellon Global Funds plc US equity Income | 36,000 | 44,259 | 56,347 | £0.00 | 36,000 | £44,259.00 | £64,195.00 | £19,936.00 | |||||
| BT Group ord..05p | 8,200 | 21,749 | 10,135 | 8,200 | £21,749.00 | -£8,483.00 | -£13,266.00 | 0 | £0.00 | £0.00 | £0.00 | ||
| CIBC 8.03 UK US Income call | 20 | 20,237 | 20,967 | £0.00 | 20 | £20,237.17 | £20,162.00 | -£75.17 | |||||
| Close Bros 25p shares | 2,000 | 12,282 | 15,880 | 2,000 | £12,282.00 | -£9,842.00 | -£2,440.00 | 0 | £0.00 | £0.00 | £0.00 | ||
| CRH Ord EURO .32 | 1,000 | 6,762 | 54,100 | 400 | £2,705.00 | -£25,731.00 | £23,026.00 | 600 | £4,056.98 | £44,484.00 | £40,427.02 | ||
| Edgewood L Select US Select | 105 | 20,005 | 32,935 | £0.00 | 105 | £20,005.49 | £39,706.00 | £19,700.51 | |||||
| First Sentier Investors ICVC Asia PacSust B | 0 | 0 | 0 | 2,300 | £19,953.00 | £0.00 | 2,300 | £19,953.00 | £20,670.00 | £717.00 | |||
| GlaxoSmithKline 25p ordinary | 1,520 | 20,927 | 22,043 | £0.00 | 1,520 | £20,927.00 | £20,467.00 | -£460.00 | |||||
| Haleon plc Split from GSK above) | 1,900 | 4,860 | 6,111 | 1,900 | £4,860.00 | -£6,116.00 | £1,256.00 | 0 | £0.00 | £0.00 | £0.00 | ||
| Grafton Group | 3,000 | 5,003 | 27,333 | 3,000 | £5,003.00 | -£28,927.00 | £23,924.00 | 0 | -£0.20 | £0.00 | £0.20 | ||
| Greencoat UK Wind plc | 23,500 | 29,755 | 35,603 | £0.00 | 23,500 | £29,755.00 | £30,010.00 | £255.00 | |||||
| HICL Infrastructure Ord GBP 0.0001 | 11,000 | 19,349 | 15,246 | £0.00 | 11,000 | £19,349.00 | £13,068.00 | -£6,281.00 | |||||
| HSBC ord USD 0.50c | 6,000 | 11,896 | 38,130 | £0.00 | 6,000 | £11,896.00 | £47,118.00 | £35,222.00 | |||||
| Ninety One fund managers ( formerly Investec Fund Manag | 28,500 | 29,785 | 26,481 | £0.00 | 28,500 | £29,785.00 | £26,238.00 | -£3,547.00 | |||||
| JP Morgan global emerging markets | 18,200 | 25,445 | 23,023 | £0.00 | 18,200 | £25,445.49 | £24,115.00 | -£1,330.49 | |||||
| Jupiter Japan Income U2 | 0 | 0 | 0 | 17,000 | £19,986.00 | £0.00 | 17,000 | £19,985.75 | £20,281.00 | £295.25 | |||
| Land Securities Ord GBP.10 | 3,808 | 23,428 | 26,839 | £0.00 | 3,808 | £23,428.00 | £22,239.00 | -£1,189.00 | |||||
| Legal & General GP 25p ordinary | 15,000 | 15,638 | 37,665 | £0.00 | 15,000 | £15,637.50 | £34,470.00 | £18,832.50 | |||||
| Lion Trust Investments Limited | 42,700 | 42,972 | 35,735 | £0.00 | 42,700 | £42,972.00 | £34,367.00 | -£8,605.00 | |||||
| Lloyds TSB 10p ordinary shares | 19,443 | 30,751 | 9,276 | £0.00 | 19,443 | £30,751.00 | £10,651.00 | -£20,100.00 | |||||
| Lowland Investment Co Ord 25p GBP | 16,500 | 24,738 | 20,460 | £0.00 | £0.00 | 16,500 | £24,738.00 | £20,295.00 | -£4,443.00 | ||||
| Lyxor Asset Management Luxembourg UCIT | 335 | 36,155 | 34,564 | 335 | £36,155.00 | -£35,142.00 | -£1,013.00 | 0 | £0.00 | £0.00 | £0.00 | ||
| Maitland Inst Services Limited | 280 | 30,373 | 26,869 | decqtr | £0.00 | 280 | £30,373.00 | £27,682.00 | -£2,691.00 | ||||
| M&G Charifund Units | 4,000 | 40,754 | 57,400 | £0.00 | 4,000 | £40,753.85 | £58,896.00 | £18,142.15 | |||||
| Microsoft Corp Com | 55 | 14,136 | 16,222 | £0.00 | 55 | £14,135.65 | £18,529.00 | £4,393.35 |
THE ROBERT & KEZIA STANLEY CHAPMAN TRUST
NOTES ON THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2024
Investments
| Investments | ||||
|---|---|---|---|---|
| page 8.2/2 Murray Int. Trust Ord GBP.25 Nextera Energy Inc Ninety One Fund Managers Global Environment Novo Nordisk Nvidia Corp Ocean Arete Limited Prologis Inc Prudential Rathbone Unit Trust Ethical Bond Real Estate Credit Iinvestment RIT Cap Partners Ord GBP 1 Sanlam Artificial Intelligence Schneider Electric BE Schroder Asia Pacific Fund Schroder Oriental Income Fund Secure Income Reit ( LXI Reit plc) Sequoia Economic Infra Inc Fund SSGA SPDR EFTS Europe 1 PLC Stryker Corp Supermarker Income Reit Temple Bar Investment Trust UK Govt 4.25%Senior Bonds UK Govt 4.5% Bonds UK Govt 5%Senior Bonds Unilever Veolia Environment ADR Vodaphone Group Ord USD Total Investments Cash on deposit with Evelyn Partners Cash on deposit with Evelyn Partners Cash paid from current a/c - Blackrock Asset Mgt Temporary Settlement - Blackrock Asset Mgt Total Cash investments Total Investments and Cash |
No of shares Book Value Mkt Value 31/12/23 31/12/23 31/12/23 2,800 28,653 36,120 205 14,165 9,767 15,000 27,361 23,473 0 0 0 0 0 0 115 14,349 14,312 120 14,554 12,550 2,500 13,238 22,180 30,000 29,399 25,827 10,000 17,056 12,950 1,400 29,614 26,348 9,500 27,773 28,927 0 0 0 5,400 25,216 26,460 0 0 0 26,062 30,197 27,313 13,500 15,335 11,529 0 0 0 0 0 0 28,500 29,580 24,766 20,000 21,224 47,600 0 0 0 0 0 0 0 0 0 1,000 5,993 38,000 730 16,612 18,076 15,000 31,214 10,284 |
Addits Units Addits Cost 100 £9,946.00 150 £10,141.00 50 £9,057.00 7,850 £19,895.00 -11,728 £0.00 80 £32,618.00 35 £9,923.00 25,000 £25,223.00 25,000 £25,840.00 25,000 £25,202.00 |
Disp.Units Disp. C0st Proceeds Profit/Loss No of shares Book Value Mkt Value MV v BV cost 31/12/24 31/12/24 31/12/24 £0.00 2,800 £28,653.00 £36,050.00 £7,397.00 £0.00 205 £14,164.79 £11,749.00 -£2,415.79 £0.00 15,000 £27,361.18 £23,700.00 -£3,661.18 £0.00 100 £9,945.75 £6,884.00 -£3,061.75 £0.00 150 £10,140.75 £16,096.00 £5,955.25 £0.00 115 £14,349.00 £17,015.00 £2,666.00 £0.00 120 £14,553.96 £10,140.00 -£4,413.96 £0.00 2,500 £13,238.13 £15,925.00 £2,686.88 £0.00 30,000 £29,399.00 £25,809.00 -£3,590.00 £0.00 10,000 £17,056.00 £12,300.00 -£4,756.00 £0.00 1,400 £29,614.00 £27,804.00 -£1,810.00 £0.00 9,500 £27,773.16 £36,561.00 £8,787.84 £0.00 50 £9,056.75 £9,977.00 £920.25 £0.00 5,400 £25,215.85 £28,944.00 £3,728.15 £0.00 7,850 £19,895.00 £21,430.00 £1,535.00 0 £0.00 £0.00 £0.00 14,334 £30,197.00 £25,816.00 -£4,381.00 £0.00 13,500 £15,335.00 £10,638.00 -£4,697.00 0 £0.00 £0.00 80 £32,618.00 £37,810.00 £5,192.00 £0.00 35 £9,923.00 £10,074.00 £151.00 £0.00 28,500 £29,580.00 £19,408.00 -£10,172.00 10,000 £10,612.00 -£23,418.00 £12,806.00 10,000 £10,612.00 £27,200.00 £16,588.00 £0.00 25,000 £25,223.00 £24,863.00 -£360.00 £0.00 25,000 £25,840.00 £25,204.00 -£636.00 £0.00 25,000 £25,202.00 £25,414.00 £212.00 £0.00 1,000 £5,992.94 £45,480.00 £39,487.06 £0.00 730 £16,612.00 £16,396.00 -£216.00 15,000 £31,214.00 -£9,580.00 -£21,634.00 0 £0.00 £0.00 £0.00 |
|
| 1,048,637 **1,195,831 ** |
**£311,300.33 ** |
£124,580.00 -£147,239.00 £22,659.00 £1,235,357.40 £1,404,193.00 £168,835.60 |
||
| 0 0 0 0 |
80952 80,952 1140 1,140 0 0 0 0 |
69 -£227,842.00 53,300 £0.00 0 -£59,898.00 int/divds -£23,560.00 |
0 £0.00 £147,239.00 -£140.00 0 £278.00 £278.00 -45,066 -£1,240.00 £0.00 -£6,710.00 0 £1,424.00 £1,424.00 0 £0.00 £0.00 £0.00 0 -£59,898.00 -£59,898.00 tfr c/a net audit £0.00 fees 0 -£23,560.00 -£23,560.00 -£1,240.00 £147,239.00 -£81,756.00 -£81,756.00 £123,340.00 £0.00 £1,153,601.40 £1,322,437.00 |
|
| 82,092 **82,092 ** |
**-£311,300.00 ** |
|||
| 1,130,729 **1,277,923 ** |
**£0.33 ** |