2022-10-01-accounts - The C P Charitable Trust

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Registered charity number 1061534

The C P Charitable Trust

Unaudited Report and Accounts for the year ended 1 October 2022

MDCA Professional Chartered Accountants

4 High Firs Gills Hill Radlett

Hertfordshire WD7 8BH

The C P Charitable Trust Report and accounts Contents

	Page
Trustees' annual report	1
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the accounts	8

The C P Charitable Trust Trustees' Annual Report for the year ended 1 October 2022

Reference and administrative information

Charity Name and Number

The C P Charitable Trust: registered charity number 1061534

Trustees

Mr R C Brewer Mrs P M Brewer Mr S R Brewer Mrs S Brewer Mr C T Brewer Mrs H Brewer

Principal office

The Heights 35 Withdean Road Brighton BN1 5BP

Independent Examiner

J H Marcusfield FCA MDCA Professional Chartered Accountants 4 High Firs Gills Hill Radlett Hertfordshire WD7 8BH

Bankers

Barclays Bank Plc Leicester LE87 2BB

CCLA Investment Management Limited 80 Cheapside London EC2V 6DZ

The C P Charitable Trust Trustees' Annual Report for the year ended 1 October 2022

The Trustees present their annual report together with the financial statements of The C P Charitable Trust (the Charity) for the year ended 1 October 2022. The Trustees confirm that the annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.

The C P Charitable Trust, The Heights, 35 Withdean Road, Brighton, BN1 5BP, is registered with the Charity Commissioners (No. 1061534) and constituted by Deed of Trust.

There are six Trustees, Mr. Robert Christopher Brewer and Mrs. Priscilla Margaret Brewer, who were appointed in February 1997 when the charity was set up and Mr. Simon Robert Brewer and Mr. Charles Thomas Brewer, who were appointed on 25th April 2014. On 25th February 2019, Mrs Samantha Brewer and Mrs Helen Brewer were appointed as additional trustees.

The Trust Deed specifies that the Trustees shall not be less than three but there is no restriction on the total number. The power of appointing new Trustees shall be exercised by Robert Christopher Brewer and Priscilla Margaret Brewer during their lifetime and thereafter by the survivor.

The objects of the Charity are:

(1) the benefit of medical research projects generally and worldwide in particular. Projects involving hospitals, children, education, alleviation of sickness, disability, suffering and disease; rehabilitation; healthcare; diagnosis; patient care; community care; screening; regeneration; and the provision of medical equipment, products and facilities generally;

(2) subject to the above clause being the priority and main purpose of the Charity (at least during the initial period of the Charity), generally for such other purposes or objects which are from time to time recognised as exclusively charitable according to the law of England and Wales as the Trustees in their absolute discretion may think fit.

The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate the exposure to major risks.

During the year the trustees have paid due regard to the Charity Commission’s guidance on public benefit and have strived to ensure that the Charity’s activities reflect this.

Financial Review

The financial position of the Charity remains very stable. The Charity holds substantial investment funds and deposit balances with the CCLA. The Charity enjoys receiving on-going sources of new income. The Charity has few recurring external obligations and does not run any potential deficit positions.

In the light of this financial position, the Charity does not have a fixed policy on reserves and has no material future obligations other than those included within the accounts.

The principal funding source of the Charity remains the introductions from the founding Trustees, together with recoverable gift aid. All the expenditure in the year under review has been directly in support of the key objectives of the Charity.

The Charity holds material investments. The policy and objectives of those investments are to generate income to support the work of the Charity, together with providing a source of capital withdrawal as and when the objectives require it. At all times the Charity’s Trustees give consideration to the social, environmental and ethical considerations of their work.

The C P Charitable Trust Trustees' Annual Report for the year ended 1 October 2022

Plans for Future Periods

It is the policy of the Charity’s Trustees to deploy its investments in a manner that optimises their return for the Charity’s objectives, and to minimise risks of loss of capital and hence revenue. The Charity’s Trustees have continued a programme of re-investment into equities through the CCLA. The Charity will continue to adopt professional management and standards in respect of its portfolio of investments.

Grant Making Policies

These policies are as set out above in the Charity’s objectives.

During the year the Trustees have paid due regard to the Charity Commission guidance on public benefit and believe that the Charity’s grant payments as detailed below have resulted in public benefit.

Achievements and performance:

The following grants were made to Charities during the year

University College London

£76,000 was donated to UCL as a part of our ongoing commitment to sponsor two scholars from South Africa and Egypt for their MsC course in Global Health and Development.

The Norwegian Association of the Disabled

£80,000 was donated for their continuing CBR/CBID work in Zambia and Zanzibar plus their ongoing support for CAN.

Revival Centre, Chernihiv, Ukraine

£32,820 was donated to support this remarkable centre caring for disabled children in northern Ukraine.

International Liberty Association

£50,000 was donated to help their work in supporting refugees across Europe.

YMCA East Surrey

£14,500 was donated to support the essential work of YMCA East Surrey with disadvantaged young adults.

Disability Africa

£51,000 was donated to support the continued development of play schemes for disabled children in Gambia, Kenya, Sierra Leone and Zambia.

All Ears International (Cambodia)

£15,000 was donated to support an ongoing project to run ear clinics for deprived people in six districts in Cambodia.

The Lambeth Trust

£2,000 was donated to support the work of the Archbishop of Canterbury

Sisanda

£15,000 was donated to fund their work with children from the poorest families in and around Cape Town, South Africa.

The Childrens Trust

£10,000 was donated to The Childrens Trust providing rehabilitation for young people with brain injuries.

St Catherine’s Hospice Crawley

£20,000 was donated to support the major redevelopment of St Catherine's Hospice in Crawley, UK.

Challengers

£3000 was donated to support Challengers’ work with disabled children.

SPEAR

£2,627 was donated to SPEAR Brighton to support their work getting young disadvantaged adults in employment.

SATRO

£25,000 was donated to support SATRO’s work in schools supporting teachers and working with students directly to inspire interest in and take up of STEM subjects.

The C P Charitable Trust Trustees' Annual Report for the year ended 1 October 2022

Grant payments (continued)

University of East Anglia

£38,119 was donated to UESA for their SEEK project working to support caregivers of disabled children in Kenya.

Charterhouse School

£10,000 was donated to Charterhouse to help finance their work supporting local state sector schools.

College of St Barnabas

£15,000 was donated to support the work of the College of St Barnabas supporting retired clergy.

Surrey Care Trust

£10,000 was donated to support the Surrey Care Trust's work with disadvantaged people.

Church Revitalisation Trust

£5,000 was donated to support the CRT in their work to revitalise churches across the UK.

Approved by the trustees on 1 November 2023

Signed on their behalf by:

R C Brewer Trustee

The C P Charitable Trust Independent Examiner's Report

Report to the trustees of The C P Charitable Trust - charity number 1061534, on the accounts for the year ended 1 October 2022 set out on pages 6 to 13.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning he form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J H Marcusfield FCA MDCA Professional Chartered Accountants

4 High Firs Gills Hill Radlett Hertfordshire WD7 8BH

3 November 2023

The C P Charitable Trust Statement of Financial Activities for the year ended 1 October 2022

Unrestricted Funds Notes £ Incoming resources Income and endowments: Donations and legacies 2 125,000 Investment - bank interest 18 *Total* 125,018 Resources expended Expenditure on: Charitable activities 3 478,297 Governance costs 5 420 Total charitable expenditure 478,717 *Total* 478,717 Net income/(expenditure) before transfers (353,699) Gross transfers between funds - Net income/(expenditure) before (353,699) other recognised gains and losses Other recognized gains/(losses): Gains/losses on investment assets (188,582) *Net movement in funds* (542,281) Reconciliation of funds: Total funds brought forward 5,925,709 *Total funds carried forward* 5,383,428	Total Funds 2022 £ 125,000 18 125,018 478,297 420 478,717 478,717 (353,699) - (353,699) (188,582) (542,281) 5,925,709 5,383,428	Total Funds 2021 £ 125,000 -
		125,000
		306,395 390
		306,785
		306,785
		(181,785) -
		(181,785) 819,831
		638,046 5,287,663
		5,925,709

The C P Charitable Trust Balance Sheet as at 1 October 2022

Notes Fixed assets Investments 7 *Total fixed assets* Current assets Cash at bank and in hand 9 Creditors: amounts falling due within one year 10 *Net current assets* *Total net assets* Funds Unrestricted funds 11 *Total Charity funds*	Unrestricted Funds £ 5,369,315 5,369,315 113,354 (134,241) 14,113 5,383,428 5,383,428 5,383,428	Total Funds £ 5,369,315 5,369,315 113,354 (134,241) 14,113 5,383,428 5,383,428 5,383,428	Prior period Total Funds £ 5,677,897
			5,677,897
			245,963 (23,151)
			247,812

			5,925,709
			5,925,709
			5,925,709

Approved by the trustees on 1 November 2023

Signed on their behalf by:

R C Brewer Trustee

The C P Charitable Trust Notes to the Accounts for the year ended 1 October 2022

1 Basis of Preparation

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

And with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.

And with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

And with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Going concern

Changes of accounting policies

There were no changes of accounting policies. The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period.

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period.

2 Accounting policies

Fund accounting

Funds held by the charity are either:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Where relevant, further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Investment gains and losses are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

When donors specify that donations and grants given to the charity must be used in future
accounting periods, the income is deferred until those periods.
When donors impose conditions which have to be fulfilled before the charity becomes entitled
to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met.

The C P Charitable Trust Notes to the Accounts for the year ended 1 October 2022

2 Accounting policies (continued)

Incoming resources

When donors specify that donations or grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is recognised in the SoFA as restricted funds when receivable.

Interest is included when receivable by the charity.

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes nonrecoverable VAT and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity including fees for the independent examination of the accounts.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to
reflect the use of the resource. Costs relating to a particular activity are allocated directly.
Grants payable are charged in the year when the offer is made except in those cases
where the offer is conditional, such grants being recognised when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Investments

Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

2 Donations and associated income

Donations: Donations received and receivable Income tax recoverable 3 Charitable activities Grants and donations payable Other expenditure	Unrestricted £ 100,000 25,000 125,000	2022 Total £ 100,000 25,000 125,000 2022 £ 475,066 3,231 478,297	2021 Total £ 100,000 25,000
			125,000
			2021 £ 304,926 1,469
			306,395

The C P Charitable Trust Notes to the Accounts for the year ended 1 October 2022

	Grants and donations payable
4	to institutions			2022
				Committed in
		Purpose		the year
				£
	The African Graduate Scholar's	To sponsor African students studying for their MSc
	Scheme at UCL	course on Global Health and Development at UCL.		76,000
	CBR African Network (CAN) with
	the Norwegian Association for the	Continuing CBR/CBID work in Zambia	and
	Disabled	Zanzibar plus their ongoing support for CAN.		80,000
		Funding to help their work in supporting refugees
	International Liberty Association	across Europe		50,000
		Donations to support the continued
		development of play schemes for disabled
		children in Gambia, Kenya, Sierra Leone and
	Disability Africa	Zambia.		51,000
		Donations to support this remarkable centre
	British Humanitarian Aid for the	caring for disabled children in northern
	Revival Centre, Chernihiv, Ukraine	Ukraine.		32,820
		Support for an ongoing project to run ear clinics for
	All Ears International (Cambodia)	deprived people in six districts in Cambodia.		15,000
		Donation to support the Surrey Care Trust's
	Surrey Care Trust	work with disadvantaged people.		10,000
		Donation to SPEAR Brighton to support their
		work getting young disadvantaged adults in
	Spear Brighton Trust	employment.		2,627
		Donation to fund their work with children from
		the poorest families in and around Cape
	Sisanda FunDation	Town, South Africa.		15,000
		Donations to UESA for their SEEK project
		working to support caregivers of disabled
	University of East Anglia	children in Kenya.		38,119
		Donations to support SATRO’s work in
		schools supporting teachers and working with
	Science and Technology Regional	students directly to inspire interest in and take
	Organization (SATRO)	up of STEM subjects.		25,000
		Funding to support the essential work of
		YMCA East Surrey with disadvantaged young
	East Surrey YMCA	adults.		14,500
		Donation to help finance their work supporting
	Charterhouse School	local state sector schools.		10,000
		Donation to The Childrens Trust providing
	The Children's Trust	rehabilitation for young people with brain injuries.		10,000
		Donation to support Challengers’ work with
	Challengers	disabled children.		3,000
		Supporting the work and mission of the
	The Lambeth Trust	Archbishops of Canterbury.		2,000

The C P Charitable Trust Notes to the Accounts for the year ended 1 October 2022

4 Grants and donations payable to institutions (continued) Church Revitalisation Trust College of St Barnabas St Catherines Hospice Crawley 5 Resources expended Activity 2022 costs Governance Total Costs directly allocated to activities Travel costs for a site visit by the Disability Africa team to The Gambia project, and for sponsorship support in relation to the UCL scheme. 1,828 - 1,828 Accountancy 1,200 - 1,200 Independent examiner's fees - 420 420 Administrative expenses 203 - 203 3,231 420 3,651 6 Fees for examination of the accounts 2022 £ Independent examiner's fees 420 Accountancy 1,200 1,620 Purpose Donation to support the major redevelopment of St Catherine's Hospice in Crawley, UK. Donation to support the CRT in their work to revitalise churches across the UK. Donation to support the work of the College of St Barnabas supporting retired clergy.	2022 Committed in the year £ 5,000 15,000 20,000
	475,066
	2021 Total - 1,200 390 269
	1,859
	2021 £ 390 1,200
	1,590

The C P Charitable Trust Notes to the Accounts for the year ended 1 October 2022

7 Fixed asset investments

Investments are held primarily to provide an investment return for charity.

		2022	2021
		£	£
	Carrying fair value at 2 October	5,677,897	5,178,066
	Disposals at carrying value	(120,000)	(320,000)
	Net gain/(loss) on revaluation	(188,582)	819,831
	Carrying (fair) value at 1 October	5,369,315	5,677,897
	Analysis of investments	2022	2021
		£	£
		Fair value at year end
	Investments listed on a recognised stock exchange
	or held in common investment funds, open ended
	investment companies, unit trust or other collective
	investment schemes	5,369,315	5,677,897
	Material investment holdings
	All investments are held in COIF Charities Investment Fund Accumulation Units at
	the market values stated above.
8	Debtors	2022	2021
		£	£
	Accrued income	35,000	-
	Income tax reclaimed on gift aided donations	-	25,000
		35,000	25,000
9	Cash at bank and in hand	2022	2021
		£	£
	Short term deposits	4,071	4,053
	Cash at bank and in hand	109,283	241,910
		113,354	245,963
10	Creditors: amounts falling due within one year	2022	2021
		£	£
	Grant commitments	131,000	20,000
	Other creditors and accruals	3,241	3,151
		134,241	23,151

The C P Charitable Trust Notes to the Accounts for the year ended 1 October 2022

Details of material funds held and their movements during 11 the CURRENT reporting period

Details of material funds held and their movements during the CURRENT reporting period
At 2 October 2021 Income Expenditure Gains and losses on investment assets At 1 October 2022	General Fund £ 5,925,709 125,018 (478,717) (188,582) 5,383,428	Total 2022 £ 5,925,709 125,018 (478,717) (188,582)
		5,383,428

Details of material funds held and their movements during the PREVIOUS reporting period

At 2 October 2018 Income Expenditure Gains and losses on investment assets At 1 October 2021	General Fund £ 5,287,663 125,000 (306,785) 819,831 5,925,709	Total 2021 £ 5,287,663 125,000 (306,785) 819,831
		5,925,709

12 Transactions with trustees and related parties

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related charity.

No trustee expenses were incurred for 2022 or 2021.

During the year, the charity received an aggregate of £125,000 (2021 - £125,000) of unconditional donations from trustees.