ANDREW SMITH MEMORIAL FOUNDATION RECEIPTS AND PAYMENTS ACCOUNT AND STATEMENT OF BALAINCES tb For the year to 2nd as at 5 April 2021 Scottish Charity Number: SC013159
ANDREW SMITH MEMORIAL FoulATIoN Seottish Charity Number SC013159 Trvsttts Report for the year to 5 April 2021 Address of Princlpal Offlee: STRUCTURE. GOVERNANCE & MANAGEMENT Trustees.. Constitutive Document- Declardtion of Trust b). Council and Session on 10th O¢tobeT 1984. dated 3rd September 1984 and registered in the Books of Constitutional Strueture: Self regulating Trustees. OBJECTIVES & ACTIVITIES Objectives: To provide financial &8SÉStance by grant or loan to graduates of Newcastle University, Oxford University and Edinburgh univeIty undertaking post-graduate studies at any University in the UK or graduates of any Univergity in the UK undertaking p05t-graduate studies at NewcasU¢ University. Oxford Univ¢r5ity or Edinburgh University. Appointment ofTrustses: The Trustees are self appointing following the death of th¢ Settlor. ACTIVITIES. ACHIEVEMENTS & PERFORMANCE The Charity manages a small investment portfolio of cash and yhares lo produce an annual income for di$bursem¢nt to candidates selected to receive a bursary from the Foundation. During the period covered the Accounts, the FoundatiOT] made bursaries available to applicants fTOTn Newwtle, Oxford and Edinburgh Universities. FIIYANCIAL REVIEW Reserves Policy: In review of the size of the Chartty, no policy has bccn agrccd on regarding th¢ level of rcs¢rves to bc held. The Trustees can only decide how much income to disburse annually making provision for administration Costs. DefJ¢it: NoThe.
ANDREW SMITH MEMOIUAL FOUNDATION Scottish Charity Number SC013159 Trustees Report for tbe year to 5 April 2021 Continued: Donated FacilitleslSeTYi¢es: None -Ipproved bi. tlje Tru%iets and siiincil on tlieir behalr- 4 GS 21 Date
ANDREW SMITH MEMORIAL FOUIYDATION RECEIPTS AND PAYMENTS ACCOUNT YEAR TO 5 APIUL 2021 Page 2021 2020 RECEIPTS Dividends Bank Interest Miscellaneous receipt Realised on Investments 6-11 5.620.47 5.01 7.86 52,336.93 57,970.27 7,167.76 1.93 20,922.36 28.102.05 PAYMENTS Investments made Bursaries Administrative Expenses 12 12 13 50,475.68 1,500.00 5,790.33 20,894.53 2,500.00 6.358.55 57,766.01 204.26 29,753.08 (1.651.03) Surplusl(Deficit) for the year STATEMENT OF BALANCES At S APRIL 2021 Page 2021 2020 Bank and Cash Opening balance Surplus/(D¢fi¢it) for the year Closing Balance 14 14 14 4,243.24 204.26 4,447.50 5.894.27 (1,651.03) 4,243.24 Investments at Cost 15 174,854.60 165,966.72 Investments at market value 15 206,850.49 171,404.27 Estimated Liabilities 15 None None Approved, and signed by by the Trustees on pag¢ 4
ANDREW SMITH MEMORIAL FOUNDATION Scottlsh Charlty Nuinber: SC013159 Statement of Receipts XDd Payments and Balanees Prom: 6° April 2020 5th April 2021 Trustees: Aaentq for Tru8teeg'. Examined and approved= Date z I'_th8thJ- * X-I Date i+[s l Ll........ ... Date
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ANDREW SMITH MEMORIAL FOUNDATION RECEIPTS biought Eorward DTVIDEND 56,580.17 berdeen Standard Life Euro ean 30-Apr Dividend 03-Aug Dividend 30-Oct Dividend 20.38 77.76 52.64 2021 29-5an Dividend 32.82 2020 350 Ab If 01-Sep Dividend 202 36.40 09-Mar Dividend 80.15 2020 2 500 Allianz Global Inv stor UK Cilt Yi urcha 04-May Dividend 03-Nov Dividend 24.49 20.38 v?v 28-Apr Dividend 29.jul DAvidend 100.49 O Blackrock Ftmd Mana old nua 2017 06-May Dividend IO-Aug Dividend 03-Nov Didend 17.96 70.62 26.55 21 O>Feb Dividend 24.02 2020 of London Investment Trust Ic OTdinar share5 sold Se tember 2020 29-May DIdend 01-Sep Dividend 116.38 116.38 carry fOard 914.35 56,580.17
ANDREW SMITH MEMORIAL FOUNDATION RECEIPTS brought forward DIVIDEND 914.35 56.580.17 2020 350 Co land Cardiff Funds O&lul Divkdend 98.50 2021 11-Jan Dividend 84.16 edin Jncome ordina 25 shares sold tober 2 29-May DivideTLd 28-Aug Dividend 138.38 112.20 2020 4 038.840 FRI tnv SVCS UK Fideli Mon builder In . 24-Apr Ih"vidend 26-May Dividend 26-Jun Dividend 11.47 11.27 11.31 27-Jul Dividend 26-Aug Dividend 28-Sep Dividend 26-Oct Dividend 10.94 10.44 10.83 11.12 27-Nov Dividend io.K) 29-Dec Dividend 10.79 26-Jan Dividend io.¥/ (n-MaT Dividend 11.05 26-Mar Dividend 10.31 202018 HICL JDfrastNcture 30-Jun Dividend 23.36 3(kJun Dividend 14.94 30-Sep Dividend 30-Sep Dividend 31-Dec Dividend 16.77 21.34 15.63 31-Dec DivÈdend 22.48 31-Mar Dividend 6.10 31-Mar Dividend 32.01 carry fonyard 1,63152 56,580.17
ANDREW SMITH MEMORIAL FOUNDATION RECEIPTS brought forward VIDEND 1.631.52 56580.17 2021 1300 tnvesco Fund Mana ers Invesco Asian 01-Feb Dividend 84.36 202 70 or an Asset Mana ement Emer 01-May Dividend 04-Aug Dividend 09-Nov Dividend 10.58 17.27 54.59 2021 02-Feb Dividend 23.39 2020 3 60Q LtdUSE uit Jncome new utchase 05-Aug Dividend 03-Nov Dividend 25.20 25.20 2021 02-Feb Dividend 2020 13 950 "t Trust Mana ers Strate c Bond 02-Jul Dividend 3fvSep DideThd 2021 75.65 74.40 05-Jan Dividend 2021 9 179.81 76.62 ers Strate c Bond Ilowi d class conversto 01-Apr Dividend 2020 615 Kaimes Ca ital Jnvestment now Ae on A55et Mana ement 02-Jul Dividend 59.76 01-Oct Dividend 59.63 05-Ian Dividend 60.59 2020 14 100.240 Link Fund Sol Ltd Tro an Income X Dis 01-(kt Dividend 155.71 carry forward 2542.35 56,580.17
ANDREW SMITH MEMORIAL FOUNDATION RECEIPTS brought forward DIVIDENDS cont. 1542.35 56,580.17 2020 8 719.07 thl tncome 05-May Dividend 03.jun Dividend 34.88 34.88 02-Jul Dividend 04-Au8 Dividend 02-Sep Dividend 01-Oct Dividend 34.88 34.88 34.88 34.88 11-Nov Dividend 3488 08-De¢ Dividend 34.88 2021 05-Jan Dividend 02-Feb Dividend 26.03 03-Mar Dividend Ma edie Asset Mana ent 02-Sep Dividend 03-Mar Dividend 55.21 on Clobal Hi her tncome 03-Jun Dividend 42.36 2020 ellon Fund Mana r Clobal ollowiii Ind class contersio 02-Sep Dividend 02-Dec Dividend 53.96 36.04 2021 03-Mar Dividend 39.07 2020 6 42.683 BNY M 11 02-Jun Dividend 03-Sep Dividend 03-Dec Dividend 97.00 NY Mellon Fund Mana er Askan Income Ilozvz cla nversion 02-Mar Dividend 41.84 carry forward 3,490.57 56,580.17
ANDREW SMITH MEMORIAL FOUNDATION RECEIPTS brought foIward VID 3Ag).57 56,580.17 cont. 2020 5 425 North American Inc. ordin shares 05-Jun Dividend (r/-Aug Dividend 3(kOct Dividend 233.28 2021 26-Feb Dividend 103.08 e Renewable tructure rd NPV 31-Dec Dividend 31.27 2021 31-Mar Dividend 31.27 ercantile Funds ICVC UK E Jncome 501d October 2020 26-Jun Dividend o2- Dividend 151.93 161.15 2021 6 005 RLUM Limited Ro al London Su tainabl 02-Feb Dividend 78.52 2020 400 SSGA SPDR ETFS Euro 50 shares urchased 10 Ma 2019 06-ApT Dividend 01-Jul Dividend 30-Sep Dividend 21 104.75 102.14 102.77 05-Jan Dividend J18.27 31-Mar Dividend 113.65 2020 6 950 Standard Lif 29-M3y Dividend Dividend 66.16 16.54 28-Aug Dividend 30-Nov Dividend 49.62 49.62 2021 26-Feb Dividend 49.62 carry forward 5,249.51 56,58A).17 10
ANDREW SMITH MEMORIAL FOUNDATION RECEIPTS brought foIwaEd DIVID 5,249.51 56580.17 2020 3 650 T Baile Fund Serces Ltd TB Evenlode tn urchase A ril 2020 4 Aug Dividend 3 Nov Dividend 48.42 2021 02-Feb Dividend 2020 4 460 Threadndle Inv tment Funds ICVC new urthase 21 une 2019 07-May Dividend 07-Aus Dtvidend 06-Nov Divider 49.09 42.74 05-Feb Dividend 45.08 2020 120 Van ard Funds Ic S&P 500 UCTt5 EfF new urcha 8 Oct Dividend 23.28 31 Dec Dividend 18.80 5,620.47 27-Apr by Brewin Dolphin 30-Apr by Royal BaDJ< of Scotland 31-Jul by Brewin Dolphin 31-Jul by Royal Bank of Scotland 26-Oct by Brewin Dolphin 30-Oct by Royal Bank OE Scotland 2021 0.67 2.69 1.54 0.05 29-Jan by Royal BaDJ< OE Scotland 01-Feb by Royal Bank of Scotland 0.06 5.01 2020 MISCELLANEOUS RECEIPT 03-Dec Aviva Dilution Levy TOTAL RECEIPTS £ 62 213.51
ANDREW SMITH MEMORIAL FOUNDATION PAYMENTS iversi of Edinbu None 2020 Oxford Univer 27-J 500. 2020 Newcastle UnÉversi None 1.500.IM) VESTMENfs MADE 2020 BTewin Dolphin- 29-Apr Purchase 3,650 T Bailey Fund servi Ltd TB Evenlode Income 7,789.76 16.jun Purthase 4K) Baillie Glfford & Co. American Wl Dis 5,650.40 17-Jun Pllrd5e 120 Vanguard Funds plc S&P S)0 UCITS ETF 5.716.40 15-Sep Purchase 1,850 The Renewables InEra5tmcture ord NPV Purchase 1515 Liontrust Fund Parthers LLP Sustainable 2.501.76 Future Global Cth 3,6fA).85 16-Sep Purthase 1,450 RLUM Limited Royal London Sustainable Leaders Trust 3.059.20 22.oct Irthase 4555 RLUM timited Royal London Sustsinable Leaders Trust 9,448.85 Purchase 37 Edgewood L Select US Sel Gth 8,510.39 12-Mar PuTchase 774 ishares ll plc TIP5 UCITS ETF 4138.07 50,475.68 carry forward 51,975.68 12
FOL" LVApr WDslt glhApr ilpli(t Apr knte¥ 22-M¢y utplt 2maY Uplth 17.1&Tt tseF4$1: Jul DeF1t 269 3.9&J.Ikl 620.0) 51W. yj-yul Ioplifr. 28-SuÉ tJp]L¥t 31.ja 35Y).IY) 224Xt"Jpli g.(L. 19-N¥v Iks>(xslt 21..tkc t.01 14-Jall D¢pv8tt 2¥Jon Upli£"t. 2&Jatt Ub; 29-Jan lrtitk&t 14O.4K) 0.06 0.06 (X.Fb i1k)Ult tl-¥eb Iwsit 3UJ.00 8&06 iJ,220 fjo srATTf4iENT OF EALINCES AS AT S APRII. 2(121 BANX ATW CA&H If4"I&iND 42431 SA17 T,&SL(ts YplknQ)eQdtfor yt É (447.20 £ 424324
ANDREW SMITH MEMORIAL FOUNDATION SETS HELD Mket Value INVESTMENTS at 05.04.21 5,650 Aberdeen Standard FD Mg European Equity tnc. 350 Aberforth Smaller Companies ordinary shaTes 2,500 Allianz Clobal Investors UK Gilt Yield I tnc. Nav. 4,181.39 5.813.85 5.060.00 5.222.(K) 4916.25 4,906.50 4KJ Bllie Gifford & Co. AmeTican Wl DA5 5,650.40 8,304.00 5,235 00 5,537.35 3,000 Blackrock Fund Manager5 Continental European Units 350 Coupland Cardiff Funds CC Japan Jncome & Crowth 37 Edgewood L Select US Sel Gth 8,719.08 LionTrust Asset Management Ltd Monthly Inc Gross tncome £063.94 6,064.(M) 8.510.39 8,905.16 8,792.68 8,754.95 1,515 Liontrust Fund Partners LLP Sustainable FUre 14,100.240 Link Fund Sol Ltd Trojan Jncome X Dis 1,960 Henderson tnvestment Funds Ltd Absolute Rern 1,850 HICL h(raStCtUre plc 1,3(M) Invesco Fund fvlanagers Invesco Asian 774 ishares tI plc TIPS UCI15 ETF 5.570 JPMorgan Asset MaTrageent UK Ltd Emerging Markets 3,600 JPMorsan Funds Ltd US Equity Jncome 615 Kaime5 Capital Jnvt. Short Dated Hi8h Yield now Aegon Asset Management 3,959.719 BNY Mdion Global Higher Income 7,438.267 BNY Mellon Fund Mamager Asian Lncome Fund 9,179.81 Jupitet Unit Trust Managers Strategic Bond I Inc 5,5(M) Majedie Asset Management UK Equity Funddass 5A25 North American tncome Trust ordinary 5p shaTes 1,850 The Renewable5 InfrastCture ord NPV 3.660.85 3.935.30 10,276.94 1.975.14 13.166.80 2,099.16 3,057.36 4,937.25 3,052.50 6,550.05 4,138.07 3,103.55 4,581.20 4,118.45 4,033.79 4,665.60 6.066.00 6,052.95 3.088.00 6,544.23 5,879.86 8,707.24 9,513.78 9.103.(KJ 9,170.63 8,104.80 8.909.68 14213.50 2.501.76 2.268.10 6,(M)5 RLUM Limited Royal London Sustainable Leaders Trnst 400 SSGA SPDR ETFC Europe ll plc 6,950 Standard LiEe Investment Property Inc. Trust 3,650 T Bailey Fund Services Ltd TB Evenlode Jncome 44d) Threadneedle tnvestment Funds 12,462.80 13,114.92 8,326.06 18,881.41 4,274.25 6,339.02 7,789 76 6.189,07 8,293.17 6208.67 120 Vanguard Funds plc S&P S)0 UCITS ETF 5,716.40 6,616.16 £ 174,854.60 £ 206,850.49 ESTIMATED LIABILITIES 15
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Andrew Smith Memorial Foundation SC 013159 Report of the Independent Examiner Independent Examiner's Report to the Trustees of The Andreiv Smith Memorial Foundation I repoit on the accounts of the charity for the year ended 5 April 2021 which are set out on pages 3 to 15. Respective responsibilities of the trustees And examiner The ¢harily's tTUStees are responsible for the preparation of the accounts in accordance with tbe terms of the Charities and Tnistee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charity trustees Gonsider that the audit requirement of Regulation 10{1) (d) of the Accounts Regulations does not apply. It is my responsibility to examtne ihe accounts as required undeT section 44(1) (c) of the Act and lo state whether particular maller5 have come to my attention. Basis of independent examiner's Statement My examinatioii is carried out in a¢¢ordance with Regulation I l of the Charities Account5 (Scotland) Regulations 2006. An examination include5 a review of the accounting records kept by the charity and a Comparison of the account5 presented with those records. It also includes consideration of an unusual iterns or disclosures in the accounts, and seeks explanations from the trnstees concerning any such Iiiatters. The procedures undertakeii do not Provide all the evidence Ihat would be required in an audit. and consequently I do not express an audtt opinion on the view given by th¢ accounts. Independent examiner's statement In the course of my examination. no matter has come to my attent20n which gives me reasonable cause to believe that in any material respect the requirements: to keep accountiiig records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and lo prepare accounts which accord with the accoiinting records and comply with Regulations 9 of the 2006 Accounts Regulations have not been met. or to which, in my opinion, attention sholtld be drawn in order to ¢nabl¢ a proper underslaiidin of tlie accouiils to be rcached. Date.. 17.
The Trustees of the Andrew Smith Memorlal FoundatSon For Profe55ional Services Rendered In ¢onn8¢tSon with UNIT PRICE OUTLAYS V.A.T. the administration of the above Trust from 6, April 2020 to 7 October 2020 1.750.00 350.00 PAYMEPIT STRICTLY WITHIN 14 DAYS. INTEREST WILL BE CHARGED AT 5KABDVE RthTE ON LthTF PJYMENTS. 1,750.00 350.00 TOTAL.. £2.100.00
CERTIFICATE OF ASSESSMENT In relation to The Actings and Intromissions of for and on behalf of THE TRUSTEES OF The Andrewsmith Memorial Foundation having assessed th8 file and working papers ol on beh81f of the Trustees of The Andrew Smith Memorial Foundation, find a fair and reasonable fee to be in the sum of £2700.00 ITVVO THOUSAND SEVEN HUNDRED POUNDS) Sterllng with VAT thereon. at Edinburgh on this the Fourtnth day of January Two Thousand and Twenty One. Signed... Company No 369867 Reaistèrèd Office * As Above
The Andrew Smith Memorial Foundatlon For Professional Services Rendered in conneclion with UNIT PRICE OUTLAYS V.A.r. the administration of the above Trust from 8 Ottober 2020 to 5 April 2021 1.090. 218.00 PAYMENTSTRICTLY WITHIFI 11 DAYS. INTERESTWILL BE CHAIiSEDATS%ABOVE ¥AP4K BASE RATE ON LATE PAYAIENTS. Bank Iran5f•r• can bo mad• to: Royal Bankof S¢otland Sorl Code¥3.26-rA', Aecotsnl No.ts)751386 Ple4•e quol•*h• invgic¢ b91when arrangitsll paymetht. 1,090.00 218.00 TOTAL.. £1,308.00
CERTIFICATE OF ASSESSMEY4T by In relation to The Actings and Intromissions of for and on behalf of ANDREW SMITH MEMORIAL FOUNDATION having assessed the file and working papers of in relation to ANDREW SMITH MEMORIAL FOtJNDATION assess a fair and reasonable fee for the period from 8 October 2020 to 5 April 2021 at One Thousand and Ninety Pounds Sterling (£1,090.00) wilh VAT there0 at Edinburgh on this the 27 day of May Two Thousand and Twenty One.