DTL172/b/21 DTL/NB/ADO0009.1 

Harold M Adams Charitable Trust 

(Charity Ref: SC003412) 

Accounts for the year to 5 April 2021 

Contents Report by Trustees Report by Independent Examiner Accounts Notes to the Accounts Appendices of Investments 

Thorntons Law LLP, Solicitors, Whitehall House, 33 Yeaman Shore, Dundee, DD1 4B] Telephone: 01382 229111 — Fax: 01382 202288 



en 

2 

## Harold M Adams Charitable Trust 

## Report by Trustees for the year to 5 April 2021 

Names and Addresses of Trustees 

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es<br>es<br>es<br>**----- End of picture text -----**<br>


Date/Manner of Appointment Assumed 24.08.97 Assumed 09.03.00 Assumed 09.03.00 

## Appointment of trustees 

Trustees are nominated by the then existing trustees and their appointment confirmed by formal Deed of Assumption. 

Agents and Administrators for the Trust (and principal address of the Charity) Thorntons Law LLP, Whitehall House, 33 Yeaman Shore, Dundee, DD1 4B). 

## Investment Managers 

Rathbone Investment Management Ltd (Rathbones’), George House, 50 George Square, Glasgow G2 1EH 

## Independent Examiner 

HSCA, Walker Dunnett & Co, 29 Commercial Street, Dundee DD1 3DG 

## Charity Reference Nos 

Scottish Charity No: SC003412 

## Constitution and Objects 

Trust Disposition and Settlement and Codicil, dated 05.03.82 and 15.10.85 respectively, by of Seven Tay Terrace, Forty One Panmure Street, Broughty Ferry, Dundee. 

Trust Income is to be applied for such charitable purposes as the Trustees shall determine, 

## Organisation 

The day-to-day administration is carried out by Thorntons, as agents for the Trust. The Trustees meet as and when required to review all aspects of the Trust's affairs. 

Activities and Achievements 

Donations totalling £22,250 (2020 - £18,000) were made during the year to various charitable organisations as agreed by the trustees. 



3 

## Harold M Adams Charitable Trust 

## Report by Trustees for the year to 5 April 2021 (cont) 

## Investment Policy 

There are no restrictions in the Deed on the trustees’ power to invest. The policy is, long term, to adopt a medium risk investment strategy, including equity investments, to produce a balance of income and capital growth. 

## Risk Management 

The trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the trust, and are satisfied that systems are in place to mitigate exposure to those risks. 

Covid-19 Pandemic: the trustees have resolved that the Trust should maintain as flexible an approach in making donations as is possible at this time, having regard to the grant-making policies outlined above. 

## Financial Position 

The financial position of the Trust is as set out on pages 5 and 6. 

The surplus for the year is mainly due to the movement in the sale and purchase of investments. 

## Reserves Policy 

The trustees’ policy is to maintain reserves at around 2-3 months of normal running costs in order to meet commitments and to cover any unexpected expenditure. Reserves at 5'” April 2021 were £10,985 (2020 - £17,321) which is within target range. 

## Approved by the Trustees: 

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aa a i a a 

4 

## Harold M Adams Charitable Trust 

## Chartered Accountants’ Report to the Client on the Unaudited Accounts of Harold M Adams Charitable Trust 

In accordance with the engagement letter, I have examined the accounts of Harold Adams Charitable Trust on pages 5 to 7 from the accounting records and information and explanations supplied to me. 

## Respective responsibilities of trustees and examiner 

The trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1) (c) of the Act to state whether particular matters have come to my attention. 

## Basis of independent examiner's statement 

This report is made to you, in accordance with the terms of our engagement. My work has been undertaken to enable us to prepare the accounts on your behalf and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the client of the business, for our work or for this report. 

I have carried out this engagement in accordance with best practice guidance issued by the Institute of Chartered Accountants of Scotland and have complied with the ethical guidance and other professional requirements laid down by the Institute relating to members undertaking the preparation of accounts as detailed at www.icas.org.uk/accountspreparationguidance. My examination is also carried out in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 

I have not been instructed to carry out an audit of the accounts. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and I do not, therefore, express any opinion on the accounts. 

## Independent examiner's statement 

In the course of my examination, no matter has come to my attention 

1. which gives me reasonable cause to believe that in any material respect the requirements: e to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and 

   - e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations 

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. 

## a <A 

Walker Dunnett & Co 

29 Commercial Street 

Dundee DD1 3DG 

Ze set7EMhA_ 2021 



5 

## Harold M Adams Charitable Trust 

## Receipts and Payments Account for the year ended 5 April 2021 

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**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Schedule/|2021|2020|
|Appendix|£|£|
|Receipts|
|Investment|income|Sched 1|24,391|30,253|
|Net|proceeds|from|investments|App 2|5,500|157|
|Total|receipts|29,891|30,410|
|Payments|
|Charitable|activities|Sched 2|27,163|22,350|
|Governance|Sched 3|5,620|4,908|
|Costs|of|generating|funds|Sched 4|3,444|1,781|
|Total|payments|36,227|29,039|
|(Deficit)/Surplus|for year|(6,336)|1,371|

**----- End of picture text -----**<br>




6 

## Harold M Adams Charitable Trust 

## Statement of Balances as at 5 April 2021 

|||Schedule/|Schedule/|2021|2020|
|---|---|---|---|---|---|
|||Appendix||£E|£|
|Cash on depositand on hand||||||
|Opening balance||||17,321|15,950|
|(Deficit)/Surplus for year||||(6,336)|1,371|
|Closing balance||||10,985|17,321|
|Reserves||||||
|Unrestricted|Cash Funds|||10,985|17,321|
|Investments||||||
|As valued at 5 April 2021||App3|3|904,574|718,567|
|Estimated|Liabilities as at 5 April 2021|||||
|Thorntons Law LLP, administration fees||||2,550|2,175|
|GA, Independent examination fee <br>Trustee expenses||(est)||600<br>-|558<br>75|
|||||3,150|2,808|
|Note: All funds are unrestricted||||||
|Approved bythe Trustees:||||||
|~~|~~<br>PF|_<br>Pe|||:SE<br>as||



Date 



7 

## Harold M Adams Charitable Trust 

|Schedule 1|2021|2020|
|---|---|---|
|Income Received|||
|Dividends and interest, per Rathbones|24,374|30,238|
|Interest on Thorntons deposits|17|15|
||24,391|30,253|
|Schedule 2|||
|Charitable Activities|||
|Distributions made in year (Appendix 1)|22,250|18,000|
|Support costs (Schedule 3)|4,913|4,350|
||27,163|22,350|
|Schedule 3||Charitable|
|Support Costs|Governance|Activities|
|Thorntons,<br>balance of their fee for Trust administration, commissions,|||
|posts etc. for the year to 05.04.20 (inc VAT)|1,087|1,088|
|Thorntons, to account of their fee for Trust administration, commissions,|||
|posts etc. for the year to 05.04.21|3,825|3,825|
|Walker Dunnet & Co, Independent Examiner fee|558|-|
|Trustee annual expenses (two years)|150|-|
||5,620|4,913|



All trustees normally receive £25 each from the trust towards their annual expenses, as stipulated in the Trust Deed. These payments were omitted last year, therefore two such payments were made in the year ended 5" April 2021. 

|Schedule 4|||
|---|---|---|
|Costs ofgenerating funds|2021|2020|
|Rathboneschargesresecurities|3,444|1,781|





8 

## Harold M Adams Charitable Trust 

|Schedule 5|||
|---|---|---|
|Statement ofRevenue balance as at 05.04.21|2021|2020|
|Income received in year|24,391|30,253|
|Distributions paid to beneficiaries|(22,250)|(18,000)|
|Support costs|(4,913)|(4,350)|
|(Deficit)/Surplus for year|(2,772)|7,903|
|Balance as at 05.04.20|49,038|41,135|
|Balanceasat05.04.21|46,266|49,038|





a 

aamaananaaacaaaaaasaaaaaaaaaaaaaaaaaaaaaaaaaaamaaaamammamaaamacssimmmscccmmmcmmca ———————— __ _—p 

9 

## Harold M Adams Charitable Trust 

Notes to the Accounts and General Notes regarding Financial Services and Markets Act 2000, Law Society Rules and related matters 

## 1, Accounting Policies 

Basis ofPreparation 

The Accounts are prepared in accordance with the Charities Accounts (Scotland) Regulations 2006 (as amended). 

## 2. Contract Notes 

In terms of their Law Society Rules Thorntons are required to forward copies of all contract notes relating to the sale or purchase of investments to clients. In the case of Trusts they fulfil this requirement by forwarding a copy to the first named independent trustee (i.e. a trustee who is not a partner/nominee company of Thorntons) based on the order of trustees set out the trustees’ Report, unless otherwise agreed. 

## 3. Investment Managers 

The trustees approve the continued appointment of the investment managers as detailed in the trustees’ Report, and on the same basis as contained in the Investment and Financial Services Terms of Business Agreement currently in force. 

## 4, Independent Examiner 

The trustees approve the continued appointment of the Independent Examiner as detailed in the trustees’ Report. 



DTL172/b/21 DTL/NB/ADO0009.1 

Harold M Adams Charitable Trust 

(Charity Ref: $C003412) Accounts for the year to 5 April 2021 

Contents Report by Trustees Report by Independent Examiner Accounts Notes to the Accounts Appendices of Investments 

Thorntons Law LLP, Solicitors, Whitehall House, 33 Yeaman Shore, Dundee, DD1 4B] Telephone. 0138? 229111 Fax: 01382? 202288 



2 

## Harold M Adams Charitable Trust 

## Report by Trustees for the year to 5 April 2021 

Names and Addresses of Trustees 

**==> picture [112 x 45] intentionally omitted <==**

**----- Start of picture text -----**<br>
Td<br>es<br>es<br>**----- End of picture text -----**<br>


Date/Manner of Appointment Assumed 24.08.97 Assumed 09.03.00 Assumed 09.03.00 

## Appointment of trustees 

Trustees are nominated by the then existing trustees and their appointment confirmed by formal Deed of Assumption. 

Agents and Administrators for the Trust (and principal address of the Charity) Thorntons Law LLP, Whitehall House, 33 Yeaman Shore, Dundee, DD1 4B). 

## Investment Managers 

Rathbone Investment Management Ltd (Rathbones’}, George House, 50 George Square, Glasgow G2 1EH 

## Independent Examiner HSCA, Walker Dunnett & Co, 29 Commercial Street, Dundee DD1 3DG 

## Charity Reference Nos 

Scottish Charity No: SC003412 

## Constitution and Objects 

Trust Disposition and Settlement and Codicil, dated 05.03.82 and 15.10.85 respectively, byNN[of][Seven][Tay] Terrace, Forty One Panmure Street, Broughty Ferry, Dundee. 

Trust Income is to be applied for such charitable purposes as the Trustees shall determine. 

## Organisation 

The day-to-day administration is carried out by Thorntons, as agents for the Trust. The Trustees meet as and when required to review all aspects of the Trust’s affairs. 

Activities and Achievements 

Donations totalling £22,250 (2020 - £18,000) were made during the year to various charitable organisations as agreed by the trustees. 



3 

Harold M Adams Charitable Trust 

## Report by Trustees for the year to 5 April 2021 (cont) 

## Investment Policy 

There are no restrictions in the Deed on the trustees’ power to invest. The policy is, long term, to adopt a medium risk investment strategy, including equity investments, to produce a balance of income and capital growth. 

## Risk Management 

The trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the trust, and are satisfied that systems are in place to mitigate exposure to those risks. 

Covid-19 Pandemic: the trustees have resolved that the Trust should maintain as flexible an approach in making donations as is possible at this time, having regard to the grant-making policies outlined above. 

## Financial Position 

The financial position of the Trust is as set out on pages 5 and 6. 

The surplus for the year is mainly due to the movement in the sale and purchase of investments. 

## Reserves Policy 

The trustees’ policy is to maintain reserves at around 2-3 months of normal running costs in order to meet commitments and to cover any unexpected expenditure. Reserves at 5" April 2021 were £10,985 (2020 - £17,321) which is within target range. 

## Approved by the Trustees: 

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4 

## Harold M Adams Charitable Trust 

Chartered Accountants’ Report to the Client on the Unaudited Accounts of Harold M Adams Charitable Trust 

In accordance with the engagement letter, I have examined the accounts of Harold Adams Charitable Trust on pages 5 to 7 from the accounting records and information and explanations supplied to me. 

## Respective responsibilities of trustees and examiner 

The trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1) (c) of the Act to state whether particular matters have come to my attention. Basis ofindependent examiner's statement This report is made to you, in accordance with the terms of our engagement. My work has been undertaken to enable us to prepare the accounts on your behalf and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the client of the business, for our work or for this report. 

I have carried out this engagement in accordance with best practice guidance issued by the Institute of Chartered Accountants of Scotland and have complied with the ethical guidance and other professional requirements laid down by the Institute relating to members undertaking the preparation of accounts as detailed at www.icas.org.uk/accountspreparationguidance. My examination is also carried out in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 

I have not been instructed to carry out an audit of the accounts. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and I do not, therefore, express any opinion on the accounts. 

## Independent examiner's statement 

In the course of my examination, no matter has come to my attention 

1. which gives me reasonable cause to believe that in any material respect the requirements: e to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and 

   - e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations 

   - 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. 

**==> picture [59 x 11] intentionally omitted <==**

**----- Start of picture text -----**<br>
a <A<br>**----- End of picture text -----**<br>


Walker Dunnett & Co 29 Commercial Street Dundee DD1 3DG 

fo S@To<det 2021 



eaeNeen eee a 

5 

## Harold M Adams Charitable Trust 

## Receipts and Payments Account for the year ended 5 April 2021 

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**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Schedule/|2021|2020|
|Appendix|£|£|
|Receipts|
|Investment|income|Sched 1|24,391|30,253|
|Net|proceeds|from|investments|App 2|5,500|157|
|Total|receipts|29,891|30,410|
|Payments|
|Charitable|activities|Sched 2|27,163|22,350|
|Governance|Sched 3|5,620|4,908|
|Costs|of generating|funds|Sched 4|3,444|1,781|
|Total|payments|36,227|29,039|
|(Deficit)/Surplus|for year|(6,336)|1,371|

**----- End of picture text -----**<br>




6 

| 

## Harold M Adams Charitable Trust 

## Statement of Balances as at 5 April 2021 

|||Schedule/|2021|2020|
|---|---|---|---|---|
|||Appendix|£|£|
|Cash ondepositandonhand|||||
|Opening balance|||17,321|15,950|
|(Deficit)/Surplus for year|||(6,336)|1,371|
|Closing balance|||10,985|17,321|
|Reserves|||||
|Unrestricted|Cash Funds||10,985|17,321|
|Investments|||||
|Asvalued at|5 April 2021|App3|904,574|718,567|
|Estimated|Liabilities as at 5 April 2021||||
|Thorntons Law LLP, administration fees|||2,550|2,175|
|GA, Independent examination fee (est)<br>Trustee expenses|||600<br>:|558<br>75|
||||3,150|2,808|
|Note:Allfundsareunrestricted|||||



## Approved by the Trustees: 

Date 



7 

## Harold M Adams Charitable Trust 

|Schedule 1|2021|2020|
|---|---|---|
|Income Received|||
|Dividends and interest, per Rathbones|24,374|30,238|
|Interest on Thorntons deposits|17|1S|
||24,391|30,253|
|Schedule 2|||
|Charitable Activities|||
|Distributions made in year (Appendix 1)|22,250|18,000|
|Support costs (Schedule 3)|4,913|4,350|
||27,163|22,350|
|Schedule 3||Charitable|
|Support Costs|Governance|Activities|
|Thorntons,<br>balance of their fee for Trust administration, commissions,|||
|posts etc. for the year to 05.04.20 (inc VAT)|1,087|1,088|
|Thorntons, to account of their fee for Trust administration, commissions,|||
|posts etc. for the year to 05.04.21|3,825|3,825|
|Walker Dunnet& Co, Independent Examiner fee|558|-|
|Trustee annual expenses (two years)|150|-|
||5,620|4,913|



All trustees normally receive £25 each from the trust towards their annual expenses, as stipulated in the Trust Deed. These payments were omitted last year, therefore two such payments were made in the year ended 5'" April 2021. 

|Schedule 4|||
|---|---|---|
|Costs ofgenerating funds|2021|2020|
|Rathboneschargesresecurities|3,444|1,781|





a 

8 

## Harold M Adams Charitable Trust 

|Schedule 5|||
|---|---|---|
|Statement of Revenue balance as at 05.04.21|2021|2020|
|Income received in year|24,391|30,253|
|Distributions paid to beneficiaries|(22,250)|(18,000)|
|Support costs|(4,913)|(4,350)|
|(Deficit)/Surplus for year|(2,772)|7,903|
|Balance as at 05.04.20|49,038|41,135|
|Balanceasat05.04.21|46,266|49,038|





9 

## Harold M Adams Charitable Trust 

Notes to the Accounts and Genera! Notes regarding Financial Services and Markets Act 2000, Law Society Rules and related matters 

## 1. Accounting Policies 

## Basis ofPreparation 

The Accounts are prepared in accordance with the Charities Accounts (Scotland) Regulations 2006 (as amended). 

## 2. Contract Notes 

In terms of their Law Society Rules Thorntons are required to forward copies of all contract notes relating to the sale or purchase of investments to clients. In the case of Trusts they fulfil this requirement by forwarding a copy to the first named independent trustee (i.e. a trustee who is not a partner/nominee company of Thorntons) based on the order of trustees set out the trustees’ Report, unless otherwise agreed. 

## 3. Investment Managers 

The trustees approve the continued appointment of the investment managers as detailed in the trustees’ Report, and on the same basis as contained in the Investment and Financial Services Terms of Business Agreement currently in force. 

## 4, Independent Examiner 

The trustees approve the continued appointment of the Independent Examiner as detailed in the trustees’ Report. 



## Appendix 1 

## Harold M Adams Char Trust 

Charitable Distributions 2020-21 

|Date|Name|Amount|
|---|---|---|
|14/05/2020|To Angus Young Engineers|£500|
|04/06/2020|ToMcMillan Cancer Support|£1,000|
|24/06/2020|To Shelter Scotland|£500|
|24/06/2020|To Funeral Link|£500|
|24/06/2020|To Insight Counselling|£500|
|24/06/2020|To Samaritans Dundee|£500|
|24/06/2020|To Broughty FerryYMCA|£500|
|24/06/2020|To Bobath Scotland|£500|
|24/06/2020|To Scout Scotland|£500|
|24/06/2020|To Eighteen and Under|£500|
|24/06/2020|ToAsthma Relief|£500|
|24/06/2020|~—To Children 1st Scotland|£500|
|24/06/2020|To Christian Aid Scotland|£1,000|
|24/06/2020|To Spectrum|£500|
|24/06/2020|To Pet Fostering Service Scotland|£500|
|24/06/2020|To Dundee Carers Centre|£500|
|24/06/2020|To HomeStart Dundee|£1,000|
|21/08/2020|To Finding your Feet|£1,000|
|23/09/2020|ToCLIC Sargent (Scotland)|£500|
|03/12/2020|To NARA ( The Breathing Charity)|£500|
|03/12/2020|To Mary's Meals|£1,000|
|03/12/2020|To Deaf Links|£500|
|03/12/2020|To British Red Cross|£500|
|03/12/2020|To CLIC Sargent (Scotland)|£500|
|03/12/2020|To British Liver Trust|£500|
|03/12/2020|To Marie Curie Cancer Care (Scotland)|£1,000|
|03/12/2020|To Dundee Multicultural Centre|£250|
|03/12/2020|To Guide Dogs for the Blind Association|£1,000|
|03/12/2020|To RockSolid Dundee (SCIO)|£1,000|
|03/12/2020|To Sepsis Research (FEAT) SCIO|£500|
|03/12/2020|To Samaritans Dundee|£500|
|03/12/2020|To Scottish Spina Bifida Association|£500|
|03/12/2020|To Helm Training Ltd|£500|
|03/12/2020|To MS Society Scotland|£500|
|03/12/2020|To McMillan Cancer Support|£1,000|
|07/12/2020|ToShapercaperLimited|£500|





Appendix 2 

| | | 

## Harold M Adams Char Trust 

Investment Transactions - Year ended 05.04.21 

|Date|Details ofTransactions|Purchases|Sales|
|---|---|---|---|
|08/05/2020|PURCHASE 5 @ USD1364.05509434 ALPHABET INC USDO0.001 Cls<br>A Common Stock|5,666.61||
|08/05/2020|PURCHASE 60 @ USD179.93012003 VISA INC USD0.0001 Common Stock|8,946.25||
|08/05/2020<br>11/05/2020|PURCHASE 170 @ SWF83.20 NOVARTISAG CHFO.5O Shares (Regd)<br>PURCHASE5100@£1.388 GREENCOATUKWINDPLC1p OrdinaryShares|12,009.29<br>7,211.20||
|11/05/2020<br>11/05/2020|PURCHASE 100 @ £40.54108313 UNILEVER PLC 3 1/9p Ordinary Shares<br>SALE1100@£3.82058469 BRITISHLANDCOPLC25pOrdinary Shares|4,132.07|4,122.01|
|11/05/2020<br>11/05/2020|PURCHASE 100@ £48.86CRODAINTERNATIONAL PLC10.609756p Ordinary Shares<br>PURCHASE 300 @ £12.994611 COMPASS GROUP PLC 11.05p Ordinary Shares|4,978.93<br>3,973.53||
|11/05/2020|SALE 3400 @ £3.37 CITY OF LONDON INVTRUST PLC 25p Ordinary Shares||11,258.43|
|11/05/2020|PURCHASE 450 @ £11.12334078 PRUDENTIAL PLC Sp Ordinary Shares|5,100.58||
|11/05/2020|PURCHASE 100 @ £65.56948384 RECKITT BENCKISER GROUP PLC 10p Ordinary Shares|6,679.96||
|11/05/2020|SALE 1000@ £1.278444 M&G PLC Sp Ordinary Shares||1,248.44|
|12/05/2020|SALE 10500.0000 @ £1.151 ROYAL LONDON UNITTRUST MGRS Ethical Bond Z Inc||11,879.65|
|13/05/2020|SALE 34100.0000 @ £0.8854 SCHRODER INVESTMENTMGMT Strategic Credit L Inc||29,856.18|
|13/10/2020|PURCHASE 200 @ EUR71.31882353 HEINEKEN HOLDING NV EUR1.60 Shares|13,095.81||
|13/10/2020|PURCHASE 950 @ £15.20357293 SMITH & NEPHEW PLC USDO.20 Ordinary Shares|14,443.39||
|13/10/2020|PURCHASE 400 @ £28.90592 ISHARES PLC Physical Gold ETC (GBP)|11,562.37||
|13/10/2020|PURCHASE 6000 @ £2.40333 RUFFER INVESTMENTCO 0.01p Red Ptg PrefShares|14,419.98||
|13/10/2020|PURCHASE 200 @ £83.7924 ASTRAZENECA PLC USDO.25 Ordinary Shares|16,758.48||
|13/10/2020|PURCHASE 500 @ £23.906 HALMA PLC 10p Ordinary Shares|11,953.00||
|13/10/2020|SALE 1800@ £8.41 ALLIANCE TRUST PLC 2 1/2p Ordinary Shares||15,138.00|
|13/10/2020|SALE 5300@ £10.26 BANKERS INVESTMENT TRUST PLC 25p Ordinary Shares||54,378.00|
|13/10/2020|SALE 10000 @ £1.96 MERCANTILE INVESTMENT TST PLC 2 1/2p OrdinaryShares||19,600.00|
|13/10/2020|SALE 4000 @ £4.47 SCOTTISH AMERICAN INVCO PLC 25p Ordinary Shares||17,880.00|
|14/10/2020|PURCHASE 5 @ USD1493.99ALPHABET INC USD0.001 Cls<br>A Common Stock|5,786.40||
|14/10/2020|PURCHASE 250 @ USDS0.67 COCA-COLA CO USDO.25 Common Stock|9,832.24||
|14/10/2020|PURCHASE 12000.000 @ £1.13839998 M&G SECURITIES LTD Global Macro BondJ Inc|13,660.80||
|15/10/2020|SALE 9354.4411 @ £1.07200025 THREADNEEDLE INVESTMENTS Sterling Corp BondL Inc||10,027.96|
|31/12/2020|EQUAL'N INC @ £.002357 M&G SECURITIES LTD Global Macro Bond J Inc||28.28|
|18/03/2021|PURCHASE 100 @ USD236.38 MICROSOFTCORP USD 0.00000625 Common Stock|17,144.41||
|18/03/2021|PURCHASE 170 @ USDS1.20 COCA-COLA CO USDO0.25 Common Stock|6,312.92||
|18/03/2021|PURCHASE 110 @ £39.8754118 UNILEVER PLC 3 1/9p Ordinary Shares|4,386.30||
|18/03/2021|SALE 2000 @ £9.32 ALLIANCE TRUST PLC 2 1/2p Ordinary Shares||18,640.00|
|18/03/2021|SALE 4000 @ £4.6312 SCOTTISH AMERICAN INV CO PLC 25p OrdinaryShares||18,524.80|
|18/03/2021|PURCHASE 300 @ £30.09165837 PERSIMMON PLC 10p Ordinary Shares|9,027.50||
|||207,082.02|212,581.75|
||||-207,082.02|
||Nettransactions||5,499.73|





## Harold Adams Charitable Trust 

## Valuation as at 5 April 2021 

|Valuation as|at|5 April 2021|||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Sterling|
|Holdin|8|Sicuuisetetption<br>P|Middle<br>Price|Market<br>Value|%of<br>Portfolio|Book<br>Cost|Estimated<br>Income|Estimated<br>Yield%|
|UK Index Linked Government Bonds||||36,443|4.0|33,153|402|1.1|
|9,750||TREASURY|£372.94604|36,443|4.0|33,153|402|1.1|
|||4 1/8% Index Linked Stock 2030|Plus 73 days||||||
|UK Investment Grade Bonds||||72,273|8.0|68,458|2,114|2.9|
|23,000||LIONTRUST INVESTMENTS LTD|£1.020759|23,477|2.6|21,486|1,104|4.7|
|||Monthly Inc Bond P Gross Inc|||||||
|20,100||ROYAL LONDON UNITTRUST MGRS_£1.199||24,100|2.7|23,149|577|2.4|
|||Ethical Bond Z Inc|||||||
|23,186||THREADNEEDLE INVESTMENTS|£1.0651|24,695|2.7|23,822|433|1.8|
|||Sterling Corp BondL Inc|||||||
|Telecommunications Service Provider||||8,020|0.9|13,960|484|6.0|
|6,000||VODAFONE GROUP PLC|£1.3366|8,020|0.9|13,960|484|6.0|
|||USD0.2095238 Ordinary Shares|||||||
|Medical Equipment&Services||||12,915|1.4|14,443|263|2.0|
|950||SMITH & NEPHEW PLC|£13.595|12,915|1.4|14,443|263|2.0|
|||USDO.20 Ordinary Shares|||||||
|Pharmaceuticals &||Biotechnology||29,675|3.3|20,815|1,374|4.6|
|200||ASTRAZENECA PLC|£71.72|14,344|1.6|16,758|414|2.9|
|||USD0O.25OrdinaryShares|||||||



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## Harold Adams Charitable Trust 

## Valuation as at 5 April 2021 

|||||||||Sterling|
|---|---|---|---|---|---|---|---|---|
|Holdin|8|SedintieyDeactiption<br>P|Middle<br>Price|Market<br>Value|%of<br>Portfolio|Book<br>Cost|Estimated<br>Income|Estimated<br>Yield%|
|Pharmaceuticals & Biotechnology||||29,675|3.3|20,815|1,374|4.6|
|1,200||GLAXOSMITHKLINE PLC|£12.776|15,331|1.7|4,057|960|6.3|
|||25p Ordinary Shares|||||||
|Banks||||20,831|2.3|32,476|301|1.4|
|2,800||HSBC HOLDINGS PLC|£4.232|11,850|1.3|20,810|301|2.5|
|||USD0.50 Ordinary Shares|||||||
|21,000||LLOYDS BANKING GROUP PLC|£0.4277|8,982|1.0|11,666|0|0.0|
|||10p Ordinary Shares|||||||
|UK Investment Companies||||141,418|15.6|54,640|4,198|3.0|
|11,550||CITY OF LONDON INVTRUST PLC|£3.785|43,717|4.8|34,887|2,206|5.0|
|||25p Ordinary Shares|||||||
|21,700||MERCANTILE INVESTMENT TST PLC|£2.56|55,552|6.1|13,539|1,454|2.6|
|||2 1/2p Ordinary Shares|||||||
|6,990||STANDARD LIFE UK SMLR CO|£6.03|42,150|4.6|6,215|538|1.3|
|||25p Ordinary Shares|||||||
|Life Insurance||||22,497|2.5|19,121|363|1.6|
|1,450||PRUDENTIAL PLC|£15.515|22,497|2.5|19,121|363|1.6|
|||5pOrdinaryShares|||||||



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| 

## Harold Adams Charitable Trust Valuation as at 5 April 2021 

## Sterling 

||Holdin|Holdin|8|guaietsDeBkesistten<br>ty<br>P|Middle<br>Price|Market<br>Value|%of<br>Portfolio|Book<br>Cost|Estimated<br>Income|Estimated<br>Yield%|
|---|---|---|---|---|---|---|---|---|---|---|
|Consumer||Services||||10,017|1.1|10,075|0|0.0|
|||670||COMPASS GROUP PLC|£14.95|10,017|1.1|10,075|0|0.0|
|||||11.05p Ordinary Shares|||||||
|Household Goods & Home Construction||||||9,072|1.0|9,028|705|7.8|
|||300||PERSIMMON PLC|£30.24|9,072|1.0|9,028|705|7.8|
|||||10p Ordinary Shares|||||||
|Media||||||6,790|0.7|6,150|174|2.6|
|||370||RELX PLC|£18.35|6,790|0.7|6,150|174|2.6|
|||||14.44p Ordinary Shares|||||||
|Beverages||||||15,336|1.7|1,062|359|2.3|
|||510||DIAGEO PLC|£30.07|15,336|1.7|1,062|359|2.3|
|||||28 101/108p Ordinary Shares|||||||
|Personal|Care,||Drug & Grocery Store|||36,167|4.0|38,044|1,202|3.3|
|||210||RECKITT BENCKISER GROUP PLC|£64.97|13,644|1.5|13,746|367|2.7|
|||||10p Ordinary Shares|||||||
|||560||UNILEVER PLC|£40.22|22,523|2.5|24,298|835|3.7|
|||||31/9pOrdinaryShares|||||||



Rathbone Investment Management - Taxation Pack 

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| | 

## Harold Adams Charitable Trust Valuation as at 5 April 2021 

||||||||||Sterling|
|---|---|---|---|---|---|---|---|---|---|
|Holdin||6|SecutityDiucription<br>P|Middle<br>Price|Market<br>Value|%of<br>Portfolio|Book<br>Cost|Estimated<br>Income|Estimated<br>Yield%|
|Electronic|& Electrical Equipment||||12,190|1.3|11,953|83|0.7|
||500||HALMA PLC|£24.38|12,190|1.3|11,953|83|0.7|
||||10pOrdinaryShares|||||||
|IndustrialSupportServices|||||14,512|1.6|3,205|209|1.4|
||570||EXPERIAN PLC|£25.46|14,612|1.6|3,205|209|1.4|
||||USDO.10 Ordinary Shares|||||||
|Industrial Metals & Mining|||||9,316|1.0|7,498|694|7.5|
||170||RIO TINTO PLC|£54.80|9,316|1.0|7,498|694|7.4|
||||10p Ordinary Shares|||||||
|Chemicals|||||13,162|1.4|10,982|229|1.7|
||100||CRODA INTERNATIONAL PLC|£64.18|6,418|0.7|4,979|91|1.4|
||||10.609756p Ordinary Shares|||||||
||300||VICTREX PLC|£22.48|6,744|0.7|6,003|138|2.0|
||||1p Ordinary Shares|||||||
|Oil, Gas &|Coal||||12,352|1.4|8,876|460|3.7|
||925||ROYAL DUTCH SHELL PLC|£13.354|12,352|1.4|8,876|460|3.7|
||||EURO.07BShares(UKListed)|||||||



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aI 

## Harold Adams Charitable Trust Valuation as at 5 April 2021 

||||||||||Sterling|
|---|---|---|---|---|---|---|---|---|---|
|Holdin||8|RartyilyDeleriptirn<br>P|Middle<br>Price|Market<br>Value|%of<br>Portfolio|Book<br>Cost|Estimated<br>Income|Estimated<br>Yield%|
|Electricity|||||14,570|1.6|11,113|804|5.5|
|1,000|||SSE PLC|£14.57|14,570|1.6|11,113|804|5.5|
||||50p Ordinary Shares|||||||
|North American Investments|||||91,507|10.1|73,263|1,433|1.6|
||10||ALPHABET INC|USD2218.96|15,971|1.8|11,453|0|0.0|
||||USDO0.001 Cls<br>A Common Stock|||||||
||420||COCA-COLA CO|USD52.81|15,964|1.8|16,145|508|3.2|
||||USDO.25 Common Stock|||||||
||220||JOHNSON & JOHNSON|USD163.43|25,879|2.8|13,842|671|2.6|
||||USD1 Common Stock|||||||
||100||MICROSOFTCORP|USD249,.07|17,927|2.0|17,144|161|0.9|
||||USD 0.00000625 Common Stock|||||||
||100||VISA INC|USD219.04|15,766|7|14,678|92|0.6|
||||USD0.0001 Common Stock|||||||
|European|Investments||||36,505|4.0|35,315|695|1.9|
||200||HEINEKEN HOLDING NV|EUR77.20|13,112|1.4|13,096|119|0.9|
||||EUR1.60 Shares|||||||
||170||NOVARTIS AG|SWF81.15|10,598|1.2|12,009|392|3.7|
||||CHF0.50 Shares (Regd)|||||||
||60||SCHINDLER HOLDINGSAG|SWF277.60|12,795|1.4|10,210|184|1.4|
||||CHFO.10PTGCertShs(PSub)|||||||



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## Harold Adams Charitable Trust Valuation as at 5 April 2021 

|||||||||Sterling|
|---|---|---|---|---|---|---|---|---|
|:<br>Holiing||3<br>a<br>SpeeDecnESon|Middle<br>Price|Market<br>Value|%of<br>Portfolio|Book<br>Cost|Estimated<br>Income|Estimated<br>Yield%|
|Global Investments||||232,747|25.6|105,706|7,072|3.0|
|4,800||ALLIANCE TRUST PLC|£9.35|44,880|4.9|6,182|695|1.5|
|||2 1/2p Ordinary Shares|||||||
|12,500||JP MORGAN GBL GROWTH &|£4.14|51,750|5.7|39,488|1,645|3.2|
|||5p Ordinary Shares|||||||
|6,700||MURRAY INTERNATIONAL TRUST|£11.96|80,132|8.8|30,082|3,652|4.6|
|||25p Ordinary Shares|||||||
|650||POLAR CAPITAL TECHNOLOGY|£22.30|14,495|1.6|8,710|0|0.0|
|||25p Ordinary Shares|||||||
|9,000||SCOTTISH AMERICAN INVCO PLC|£4.61|41,490|4.6|21,243|1,080|2.6|
|||25p Ordinary Shares|||||||
|Infrastructure|Funds|||6,599|0.7|7,211|366|5.5|
|5,100||GREENCOAT UKWIND PLC|£1.294|6,599|0.7|7,211|366|5.5|
|||1p Ordinary Shares|||||||
|Commodities|(Non-cyclical)|||9,758|1.1|11,562|0|0.0|
|400||ISHARES PLC|£24.395|9,758|1.1|11,562|0|0.0|
|||Physical Gold ETC (GBP)|||||||
|Actively Managed Strategies||||29,902|3.3|28,053|350|1.2|
|12,000||M&G SECURITIES LTD|£1.0568|12,682|1.4|13,633|236|1.9|
|||GlobalMacroBondJInc|||||||



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## Harold Adams Charitable Trust 

## Valuation as at 5 April 2021 

## Sterling 

|;<br>Holding|!<br>Are<br>SranryDette.|Middle<br>Price|Market<br>Value|% of<br>Portfolio|Book<br>Cost|Estimated<br>Income|Estimated<br>Yield%|
|---|---|---|---|---|---|---|---|
|ActivelyManaged|Strategies||29,902|3.3|28,053|350|1.2|
|6,000|RUFFER INVESTMENTCO|£2.87|17,220|1.9|14,420|114|0.7|
||0.01p Red Ptg PrefShares|||||||
|Cash|||4,015|0.4|4,015|0|0.0|
|4,015|£ Capital||4,015|0.4|4,015|0|0.0|
|Total:|||908,589|100.0|640,175|24,334|2.7|



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