DOCSLIB.ORG

Castlefield Funds

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Castlefield Funds CASTLEFIELD FUNDS Annual Report & Accounts Sub-funds of Castlefield Funds OEIC For the Year Ended 28 February 2019 A UK Authorised Investment Company with Variable Capital Castlefield B.E.S.T Sustainable European Fund Castlefield B.E.S.T Sustainable Income Fund Castlefield B.E.S.T Sustainable UK Smaller Companies Fund Castlefield B.E.S.T UK Opportunities Fund Castlefield Real Return Fund CAST LEFI ELD CASTLEFIELD FUNDS: ANNUAL REPORT & ACCOUNTS CONTENTS MANAGEMENT & ADMINISTRATION .....................................................3 CASTLEFIELD B.E.S.T SUSTAINABLE UK SMALLER COMPANIES FUND ....................................................................................52 Registered office and directors ...............................................................................3 Company information ..................................................................................................3 Fund information .........................................................................................................52 Important notes ...............................................................................................................3 Comparative table .......................................................................................................52 Report of the ACD to the shareholders of the company ...........................3 Risk and reward indicator (RRI) ............................................................................ 54 Remuneration disclosure ...........................................................................................4 Investment objective and policy .......................................................................... 54 Statement of Authorised Corporate Director’s responsibilities .............4 Investment Review ..................................................................................................... 54 Statement of disclosure to the auditors .............................................................5 Outlook ..............................................................................................................................55 Fund cross-holdings ......................................................................................................5 Portfolio of investments ........................................................................................... 57 Directors’ statement ......................................................................................................5 Statement of total return ........................................................................................60 Independent auditor’s report ...................................................................................6 Statement of change in net assets attributable to shareholders ......60 About the investment adviser ..................................................................................8 Balance sheet .................................................................................................................. 61 Investment review of Castlefield Funds .............................................................8 Notes to the financial statements .......................................................................62 Aggregated notes to the financial statements .............................................. 10 Distribution tables .......................................................................................................68 CASTLEFIELD B.E.S.T SUSTAINABLE EUROPEAN FUND ..............13 CASTLEFIELD B.E.S.T UK OPPORTUNITIES FUND ........................69 Fund information ...........................................................................................................13 Fund information .........................................................................................................69 Comparative table .........................................................................................................13 Comparative table .......................................................................................................69 Risk and reward indicator (RRI) ..............................................................................15 Risk and reward indicator (RRI) ............................................................................ 72 Investment objective and policy ............................................................................15 Investment objective and policy .......................................................................... 72 Investment Review .......................................................................................................15 Investment Review ..................................................................................................... 72 Outlook ................................................................................................................................17 Outlook .............................................................................................................................. 73 Portfolio of investments ............................................................................................ 19 Portfolio of investments ............................................................................................74 Statement of total return ..........................................................................................21 Statement of total return ........................................................................................ 77 Statement of change in net assets attributable to shareholders ........21 Statement of change in net assets attributable to shareholders ...... 77 Balance sheet .................................................................................................................22 Balance sheet .................................................................................................................78 Notes to the financial statements .......................................................................23 Notes to the financial statements .......................................................................79 Distribution tables .......................................................................................................30 Distribution tables .......................................................................................................87 CASTLEFIELD B.E.S.T SUSTAINABLE INCOME FUND ....................31 CASTLEFIELD REAL RETURN FUND ................................................. 89 Fund information ...........................................................................................................31 Fund information .........................................................................................................89 Comparative table .........................................................................................................31 Comparative table .......................................................................................................89 Risk and reward indicator (RRI) ............................................................................ 34 Risk and reward indicator (RRI) ............................................................................. 91 Investment objective and policy .......................................................................... 34 Investment objective and policy ........................................................................... 91 Performance ................................................................................................................... 34 Investment Review ...................................................................................................... 91 Investment Review ..................................................................................................... 34 Activity ................................................................................................................................ 91 Outlook ..............................................................................................................................35 Outlook ..............................................................................................................................92 Portfolio of investments ........................................................................................... 37 Portfolio of investments ...........................................................................................93 Statement of total return ........................................................................................40 Statement of total return ........................................................................................96 Statement of change in net assets attributable to shareholders ......40 Statement of change in net assets attributable to shareholders ......96 Balance sheet ...................................................................................................................41 Balance sheet .................................................................................................................97 Notes to the financial statements ....................................................................... 42 Notes to the financial statements .......................................................................98 Distribution tables .......................................................................................................50 Distribution tables ....................................................................................................
Load more

Recommended publications
  • 14-1676 Number One First Street
    Getting to Number One First Street St Peter’s Square Metrolink Stop T Northbound trams towards Manchester city centre, T S E E K R IL T Ashton-under-Lyne, Bury, Oldham and Rochdale S M Y O R K E Southbound trams towardsL Altrincham, East Didsbury, by public transport T D L E I A E S ST R T J M R T Eccles, Wythenshawe and Manchester Airport O E S R H E L A N T L G D A A Connections may be required P L T E O N N A Y L E S L T for further information visit www.tfgm.com S N R T E BO S O W S T E P E L T R M Additional bus services to destinations Deansgate-Castle field Metrolink Stop T A E T M N I W UL E E R N S BER E E E RY C G N THE AVENUE ST N C R T REE St Mary's N T N T TO T E O S throughout Greater Manchester are A Q A R E E S T P Post RC A K C G W Piccadilly Plaza M S 188 The W C U L E A I S Eastbound trams towards Manchester city centre, G B R N E R RA C N PARKER ST P A Manchester S ZE Office Church N D O C T T NN N I E available from Piccadilly Gardens U E O A Y H P R Y E SE E N O S College R N D T S I T WH N R S C E Ashton-under-Lyne, Bury, Oldham and Rochdale Y P T EP S A STR P U K T T S PEAK EET R Portico Library S C ET E E O E S T ONLY I F Alighting A R T HARDMAN QU LINCOLN SQ N & Gallery A ST R E D EE S Mercure D R ID N C SB T D Y stop only A E E WestboundS trams SQUAREtowards Altrincham, East Didsbury, STR R M EN Premier T EET E Oxford S Road Station E Hotel N T A R I L T E R HARD T E H O T L A MAN S E S T T NationalS ExpressT and otherA coach servicesO AT S Inn A T TRE WD ALBERT R B L G ET R S S H E T E L T Worsley – Eccles –
    [Show full text]
  • May CARG 2020.Pdf
    ISSUE 30 – MAY 2020 ISSUE 30 – MAY ISSUE 29 – FEBRUARY 2020 Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention What we offer Calm Harm is an Clear Fear is an app to Head Ed is a library stem4 offers mental stem4’s website is app to help young help children & young of mental health health conferences a comprehensive people manage the people manage the educational videos for students, parents, and clinically urge to self-harm symptoms of anxiety for use in schools education & health informed resource professionals www.stem4.org.uk Registered Charity No 1144506 Any individuals depicted in our images are models and used solely for illustrative purposes. We all know of young people, whether employees, family or friends, who are struggling in some way with mental health issues; at ARL, we are so very pleased to support the vital work of stem4: early intervention really can make a difference to young lives. Please help in any way that you can. ADVISER RANKINGS – CORPORATE ADVISERS RANKINGS GUIDE MAY 2020 | Q2 | ISSUE 30 All rights reserved. No part of this publication may be reproduced or transmitted The Corporate Advisers Rankings Guide is available to UK subscribers at £180 per in any form or by any means (including photocopying or recording) without the annum for four updated editions, including postage and packaging. A PDF version written permission of the copyright holder except in accordance with the provision is also available at £360 + VAT. of copyright Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency, Barnard’s Inn, 86 Fetter Lane, London, EC4A To appear in the Rankings Guide or for subscription details, please contact us 1EN.
    [Show full text]
  • The Base, Manchester
    Apartment 108 The Base, Worsley Street, Manchester, M15 4JP Two Bed Apartment Contact: The Base, Manchester t: 0161 710 2010 e: [email protected] or • Well-presented two bedroom apartment [email protected] • Located in the sought after Castlefield area Viewings: of Manchester City Centre Strictly by Appointment • Positioned on the first floor of the Base Landwood Group, South Central Development 11 Peter Street Manchester • Benefitting from two bathrooms, secured M2 5QR parking & balcony Date Particulars — March 2020 • Available with Vacant Possession Tenure Information The premises are held under a long leasehold title for a period of 125 years from 2003, under title number MAN60976. The annual service charge is £2045.76 per annum with the ground rent being £276.52 per annum. Tenancies Available with vacant possession. VAT All figures quoted are exclusive of VAT which may be applicable. Location Legal Each Party will be responsible for their own legal costs. The Base is located in the sought after Castlefield area of Manchester City centre. The area is extremely popular with young professionals and students due to its short Price distance from Manchester City Centre, next door to a £200,000. selection of bars and restaurants and it close proximity to the university buildings. EPC It has excellent road links into and around the city centre EPC rating D. and the Deansgate/Castlefield metrolink station is located approximately 5 minutes’ walk away. Important Notice Landwood Commercial (Manchester) Ltd for
    [Show full text]
  • Wayfarer Rail Diagram 2020 (TPL Spring 2020)
    Darwen Littleborough Chorley Bury Parbold Entwistle Rochdale Railway Smithy Adlington Radcliffe Kingsway Station Bridge Newbold Milnrow Newhey Appley Bridge Bromley Cross Business Park Whitefield Rochdale Blackrod Town Centre Gathurst Hall i' th' Wood Rochdale Shaw and Besses o' th' Barn Crompton Horwich Parkway Bolton Castleton Oldham Orrell Prestwich Westwood Central Moses Gate Mills Hill Derker Pemberton Heaton Park Lostock Freehold Oldham Oldham Farnworth Bowker Vale King Street Mumps Wigan North Wigan South Western Wallgate Kearsley Crumpsall Chadderton Moston Clifton Abraham Moss Hollinwood Ince Westhoughton Queens Road Hindley Failsworth MonsallCentral Manchester Park Newton Heath Salford Crescent Salford Central Victoria and Moston Ashton-underStalybridgeMossley Greenfield -Lyne Clayton Hall Exchange Victoria Square Velopark Bryn Swinton Daisy HillHag FoldAthertonWalkdenMoorside Shudehill Etihad Campus Deansgate- Market St Holt Town Edge Lane Droylsden Eccles Castlefield AudenshawAshtonAshton Moss West Piccadilly New Islington Cemetery Road Patricroft Gardens Ashton-under-Lyne Piccadilly St Peter’s Guide Weaste Square ArdwickAshburys GortonFairfield Bridge FloweryNewton FieldGodley for HydeHattersleyBroadbottomDinting Hadfield Eccles Langworthy Cornbrook Deansgate Manchester Manchester Newton-le- Ladywell Broadway Pomona Oxford Road Belle Vue Willows HarbourAnchorage City Salford QuaysExchange Quay Piccadilly Hyde North MediaCityUK Ryder Denton Glossop Brow Earlestown Trafford Hyde Central intu Wharfside Bar Reddish Trafford North
    [Show full text]
  • Efes Database of European Companies 2020 Version
    European Federation of Employee Share Ownership www.efesonline.org March 15, 2020 EFES DATABASE OF EUROPEAN COMPANIES EMPLOYEE SHARE OWNERSHIP / GOVERNANCE / OWNERSHIP STRUCTURE 2020 VERSION The EFES Annual Economic Survey brings a practically exhaustive picture. It is based on the EFES database of European companies. The database gathers all detailed information about employee share ownership, employee share plans and participation in each of all significant European listed companies and in each of all large European majority-employee-owned non- listed companies. In addition, the database gathers also information about corporate governance and about the ownership structure of European companies. The first idea for such a database was tested in 2005. A comprehensive database was set up in 2006, thanks to the support of the European Commission – DG Employment and Social Affairs. Then, the database was annually completed and updated since year 2007. From time to time within the last thirty years, some European reports gave information about employee share ownership and its development across Europe. The most important reports were: PEPPER I Report in year 1991, PEPPER II Report in year 1996 and a Report named "Recent trends in employee financial participation in the European Union" by Professor Erik Poutsma in 2001. At this time, these reports were practically the only source of information regarding the extent of employee share ownership in the European Union. However, they were based on partial information (phone inquiries) which was not made available before a very long delay. For instance, the 2001 Report was "based on the findings of the 1996 EPOC survey (Employee Direct Participation in Organisational Change), conducted on behalf of the [Dublin] Foundation." Finally, we didn't have relevant information for all countries of the European Union (for instance, the 2001 Report gave information about 10 countries, no more).
    [Show full text]
  • Merton Business Directory
    MERTON COUNCIL futureMerton From our easy to access offices, close to Wimbledon station, TWM Solicitors is an established law firm that has been advising people in the Wimbledon and Merton areas for generations. Wimbledon is one of six offices across South West London and Surrey that TWM has, making us one of the largest law firms in this area. We are accredited by the Merton Bu Law Society so you can be sure our service levels will be of the highest standard. s ine ss We provide a personal and professional service meeting people’s needs as individuals Directory as well as business law advice for companies and local organisations. Details about our full range of services can be found online at www.twmsolicitors.com. Alternatively, you can call and speak to a member of our team on a no cost, no obligation basis. Merton Business Directory www.merton.gov.uk/futureMerton www.twmsolicitors.com Businesses, get active! Working together for you and your Get the latest local business information direct to your desktop: family, in your everyday life. networking with your local businesses has never been easier or cheaper. Call now for your activation code and you can be up and marketing to a number of local businesses in as little as 10 minutes. 020 8773 3060 Want to get active? Level 1 activation allows you to: • Mail merge • Email merge • Print labels • Print reports Activate Level 1 for £150+VAT Want to keep up-to-date? Level 2 activation allows your data to be updated as businesses submit new Personal Injury | Immigration | Family Law | Employment Law information.
    [Show full text]
  • BRAZIL MILL, KNOTT MILL, MANCHESTER, Greater Manchester
    BRAZIL MILL, KNOTT MILL, MANCHESTER, Greater Manchester Archaeological Watching Brief Oxford Archaeology North February 2007 Castlefield Estates Issue No: 2006-07/643 OA North Job No: L9798 NGR: centred SJ 383381 397472 Document Title: BRAZIL MILL, KNOTT MILL, MANCHESTER Document Type: Archaeological Watching Brief Client Name: Castlefield Estates Issue Number: 2006-07/643 OA Job Number: L9798 National Grid Reference: SJ 383381 397472 Prepared by: Ian Miller Signed……………………. Position: Project Manager Date: March 2005 Approved by: Alan Lupton Signed……………………. Position: Operations Manager Date: February 2007 Document File Location Wilm/Projects/L9798/Report Oxford Archaeology North © Oxford Archaeological Unit Ltd 2007 Storey Institute Janus House Meeting House Lane Osney Mead Lancaster Oxford LA1 1TF OX2 0EA t: (0044) 01524 848666 t: (0044) 01865 263800 f: (0044) 01524 848606 f: (0044) 01865 793496 w: www.oxfordarch.co.uk e: [email protected] Oxford Archaeological Unit Limited is a Registered Charity No: 285627 Disclaimer: This document has been prepared for the titled project or named part thereof and should not be relied upon or used for any other project without an independent check being carried out as to its suitability and prior written authority of Oxford Archaeology being obtained. Oxford Archaeology accepts no responsibility or liability for the consequences of this document being used for a purpose other than the purposes for which it was commissioned. Any person/party using or relying on the document for such other purposes agrees, and will by such use or reliance be taken to confirm their agreement to indemnify Oxford Archaeology for all loss or damage resulting therefrom.
    [Show full text]
  • Manchester Urban Historic Landscape
    8. Photographic images of Manchester Plate 1 Hasty Lane, Hale. Wet pasture Plate 2 Wilmslow Old Road, Hale. Vernacular cottages with airport buildings to rear 166 Plate 3 Far Lane, Gorton. Late 18 th century terraced houses Plate 4 Wythenshawe Hall, south elevation. Post medieval double cross wing hall 167 Plate 5 Hough End Hall, Chorlton-cum-Hardy. Tudor hall in incongruous modern surroundings Plate 6 Didsbury historic core and site of village green 168 Plate 7 Kelvin Street, Northern Quarter. Late 18 th century workshop dwellings Plate 8 George Leigh and Sherrat Street. 19 th century terraced houses 169 Plate 9 Fletcher Moss, Didsbury. Converted 19 th century villa Plate 10 Oblique aerial view over Hulme 170 Plate 11 Victoria Square, Oldham Road. Late 19 th century municipal housing Plate 12 Nicholas Road, Chorlton-cum-Hardy. Late 19 th to early 20 th century higher status terraced houses 171 Plate 13 Nearcroft Road Area, Wythenshawe. Early 20 th century ‘garden city’ housing Plate 14 Ryebank Road, Chorlton-cum-Hardy. Late 20 th century private housing development 172 Plate 15 New Islington, Ancoats. Post-1999 private housing development Plate 16 Edge Lane, Chorlton-cum-Hardy. Late 20 th century infill development 173 Plate 17 Heaton Park. Historic parkland Plate 18 Gorton Road (northern side), West Gorton. Industrial waste ground with surviving World War II air raid shelters 174 Plate 19 Old Mill Street, Ancoats. Views across to Ancoats mills Plate 20 Ancoats mills and Rochdale Canal 175 Plate 21 Gas holders, Bradford Road Plate 22 Chetham’s College and Library 176 Plate 23 Church of St Francis, Gorton Lane, Gorton.
    [Show full text]
  • Chapter 4 URBAN REGENERATION CITY of MANCHESTER
    Chapter 4 URBAN REGENERATION CITY OF MANCHESTER Table of Contents 4.1 Introduction .............................................................................................................. 4 4.2 Brief History of Manchester: City Profile ........................................................ 4 4.2.1 Post-Industrial Shift ............................................................................................... 4 4.2.2 Greater Manchester Regional Structure................................................................. 5 4.2.3 Creating a Centre: Ongoing Management of Growth in the Manchester Core ..... 5 4.3 Castlefield ................................................................................................................. 7 4.3.1 Background............................................................................................................ 7 4.3.2 Decline of the 1950's and 1960's............................................................................ 8 4.3.3 Regeneration - Urban Heritage Park...................................................................... 8 4.3.4 Key Projects of the Regeneration Programme - Results........................................ 8 4.3.4.1 Redevelopment of the Middle Warehouse (Castle Quay) ......................................................... 8 4.3.4.2 Slate Wharf ................................................................................................................................9 4.3.4.3 Merchants' Warehouse.............................................................................................................
    [Show full text]
  • Infra Mancrichard Brook + Martin Dodge PICC-VIC TUNNEL
    Futurebound Services HELIPORT MANCUNIAN WAY Infra_MANCRichard Brook + Martin Dodge PICC-VIC TUNNEL GUARDIAN EXCHANGE Catalogue to accompany the exhibition CUBE Gallery | RIBA Hub Spring 2012 Infra_MANC Infra_MANC Post-war infrastructures of Manchester The catalogue of Infra_MANC. An exhibition at the RIBA Hub / CUBE Gallery, Portland Street Manchester from 27th February – 17th March 2012. Curated by Richard Brook and Martin Dodge Richard Brook Manchester School of Architecture, John Dalton West, Chester Street, Manchester. M1 5GD, UK. Martin Dodge Department of Geography, University of Manchester, Oxford Road, Manchester, M13 9PL, UK. Infra_MANC Prelims Second edition 2012 © Richard Brook and Martin Dodge 2012 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher. Richard Brook and Martin Dodge have asserted their right under the Copyright, Designs and Patents Act, 1988, to be identified as the authors and editors of this work. Published by bauprint 34 Milton Road Prestwich Manchester M25 1PT ISBN 978-0-9562913-2-5 Prelims Infra_MANC Table of contents Acknowledgements Curator biographies Introduction and overview map Timeline Ch.001 Helicopter Dreaming Ch.002 Mancunian Way [A57(M)] Our Highway in the Sky Ch.003 The Picc-Vic Tunnel Ch.004 Guardian Underground Telephone Exchange Bibliography List of exhibits Exhibition photos Infra_MANC Prelims ACKNOWLEDGEMENTS Copyright The exhibition and catalogue are an academic project and were undertaken on a non-commercial basis. We have assembled visual materials from a large number of sources and have endeavoured to secure suitable permissions.
    [Show full text]
  • The Freight Solution to the Castlefield Problem
    The Freight Solution to the Castlefield Problem Including The Business Case for a new route and western access to Trafford Park April 2020 (Revised August 2020) Contents Part 1. The Castlefield Problem – Freight’s Great Opportunity .................................................................................... 2 The Problem ............................................................................................................................................................... 2 A more fundamental question ................................................................................................................................... 5 Carrington Park .......................................................................................................................................................... 6 The search for a route to the south ........................................................................................................................... 7 Connecting to the West Coast Main Line .................................................................................................................. 9 Benefits of the proposed interventions ................................................................................................................... 14 Part 2. The Business Case for a Western Route to Trafford Park ................................................................................ 15 Assumptions ............................................................................................................................................................
    [Show full text]
  • Originally a Roman Settlement, Castlefield Was Arguably the Birth-Place of Manchester
    cube CUBE CENTRE FOR THE UNDERSTANDING OF THE BUILT ENVIRONMENT CITY TOURS: CASTLEFIELD Originally a Roman settlement, Castlefield was arguably the birth-place of Manchester. Around the mid-nineteenth century it witnessed the largest growth in its history, largely due to the industrial revolution. The rivers Medlock and Irwell were integral to its development, allowing goods to be brought in from the port of Liverpool and stored in warehouses in the basin. In 1877 the Cheshire Lines Company erected the massive Southern Iron Viaduct, still a prominent feature of the area. The combination of railway viaducts and canals has forged a distinct identity for the basin, now taken forward by new developments and refurbishments. Knott Mill abuts the area and is home to many of Manchester's leading architectural and design practices. THE BUILDINGS HAMPS ST 1 01 Granada Television 2 3 A56 02 Liverpool Road Station 03 Museum of Science and Industry LIVERPOOL RD LOWER BYROM ST 4 04 Castlefield Arena GREAT BRIDGEWAT. ST 05 Castlefield Viaduct 5 06 Dukes 92 WATER ST POTATO WHARF 07 Eastgate Office DUKE ST CASTLE ST 08 Castlefield Footbridge 6 8 10 09 Planet 4 Studios 7 13 10 Castlefield Gallery 9 11 Choice Restaurant and Bar 11 12 DEANSGATE 12 Merchants Warehouse STATION 13 Merchants Bridge MED ST 14 14 Box Works 15 GREAT 16 CHESTER RD 15 Timber Wharf JACKSON ST 16 Britannia Mills MANCUNIAN WAY 17 17 St Georges Church 01 www.cube.org.uk cube CUBE CENTRE FOR THE UNDERSTANDING OF THE BUILT ENVIRONMENT CITY TOURS: CASTLEFIELD: 01 GRANADA TELEVISION Quay Street, 1962 In contrast to the structural expressiveness of the architects earlier Dome of Discovery at the Festival of Britain, this is a restrained work.
    [Show full text]