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Investment performance
The charity’s listed investment portfolio, managed by BlackRock Investment Management (UK) Limited had a market value of £76.4 million (2015 - £70.1 million), and represents the funds available to care for members of the congregation in later life, the overseas projects fund and part of the
general funds.
The investment managers continued to invest in accordance with the trustees’ investment policy set out earlier in this report. Further details of the investment portfolio are provided in note 12 to the attached accounts.
In addition to listed investments, the charity has certain properties which have now been classi ed as investment properties. Surplus to immediate needs, these houses are rented out to generate rental income.
Example – trustees’ report disclosure
(a detailed policy including signi cant detail re: ethical considerations)
Policy - listed investments
The charity has a portfolio of listed investments with a market value of approximately £30 million.
The listed investments are managed by The Charities Property Fund, Hermes Investment Management Limited, Kames Capital, Eden Tree Investment Managers, Foreign and Colonial Investment Managers and Epworth Investment Management Limited, all of whom operate within speci c guidelines which are set out and regularly reviewed by the trustees.
There are no restrictions on the charity’s power to invest.
The trustees have set ethical restrictions on where their funds are invested.
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