All inter-company balances and transactions, together with unrealised profits arising from them, are eliminated. Chelverton UK Dividend Trust PLC is a public company, limited by shares, domiciled and registered within the UK. The consolidated financial statements for the yr ended 30 April 2020 comprise the financial statements of the Company and its subsidiary SDVP (collectively referred to as the ‘Group’). Our audit method was primarily based on a thorough understanding of the Group’s enterprise and is threat-primarily based.
At 30 April 2020, Chelverton had complete funds underneath management of approximately £1.1 billion including two funding trust companies and three OEICs. The fund administration group comprises David Horner, David Taylor, Oliver Knott, James …