**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 **||