Reviewing Investments Why? What? Houses ? Glebe Land 1 7 ,3 1 - PDF document

Reviewing Investments

Why?

What? Houses ? Glebe Land £ 1 7 ,3 1 8 ,0 0 0 I nvestments £ 1 4 ,4 9 3 ,0 0 0

What? CCLA I nvestm ent by Fund - Decem ber 2012 Property Fund 16% Investment Fund 84%

What? CCLA Investments - Asset Allocation December 2012 Cash 2% Fixed Interest 5% Overseas Equities Property/Infrastructure 33% 27% UK Equities 33%

What? S&W Asset Allocation December 2012 Cash 2% Alternative Assets 2% Fixed Interest 25% UK Equities 43% Property/Infrastructure 6% Overseas Equities 22%

Where do we want to be? The Impact of Inflation (Source: Sarasin & Partners) 120 100 Spending power reduced by 12% in Year 5 Spending power reduced by 80 22% in Year 10 2% inflation 60 At 5% inflation, spending power is reduced by 40% in Year 10 40 5% inflation 20 0 0 1 2 3 4 5 6 7 8 9 0 y 1 2 3 4 5 6 7 8 9 a 1 1 1 1 1 1 1 1 1 1 2 r r r r r r r r r d a a a a a a a a a r r r r r r r r r r r o e e e e e e e e e a a a a a a a a a a a e e e e e e e e e e e T Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y

Where do we want to be? % 10 Years 15 Years 20 Years 25 Years UK Equities 8.8 5.0 7.8 9.1 US Equities 7.0 4.6 7.8 8.9 UK Gilts 5.9 6.4 7.2 8.3 Inflation 3.3 2.9 2.9 3.6

Making improvements Creation of investment group: • Mr Rodney Barton • Mr Jeremy Burchill • Mr Michael Sturge • Mr Robert Wivell • Mrs Maureen Loffill (Ex Officio) • Canon Peter Warry (Ex Officio) • Mrs Catherine Evans (Officer)

Making improvements • Target of total return of RPI + 5% • Delivered over the medium term. • Stronger performances from our investments.

What next? S&W Proposed Asset Allocation Cash 1% Alternative Assets 6% Fixed Interest 18% UK Equities 38% Property/Infrastructu re 7% Overseas Equities 30%

What next? Houses ? Glebe Land £ 1 7 ,3 1 8 ,0 0 0 I nvestments £ 1 4 ,4 9 3 ,0 0 0