Pease Charitable Trust
Report and Financial Statements
Year ending 5[th] April, 2025
Charity Number 1067254
Reference and Administrative Information
Trustees
Nichola Pease
Carolyn Varley
Richard Pease
Grant Contact and Address
Carolyn Varley, 11 Campden Grove, London W8 4JG
Structure, Governance and Management
The trust is a registered charity, number 1067254, and is constituted under a Trust Deed dated 24[th] November 1997. The trust was established from an initial gift from Sir Richard Pease and a subsequent gift in his Will.
New trustees are appointed by existing trustees for an initial period of 5 years, after which they put themselves forward for reappointment. There will be a minimum of 2 Trustees.
All trustees give of their time freely and there is no remuneration.
Risk Analysis
The trustees have considered the major risks to which the charity is exposed and have established systems and procedures to manage those risks.
The trustees consider long-term investment performance failing to match inflation as the charity’s primary risk.
Objectives and activities for the public benefit
The primary objective is to help the youth and those of old age in the UK but the trustees are free to make exceptions. The trustees confirm that they have referred to the guidance contained in the Charity’s Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the grant making policy for the year.
Grant making policy
The Trust has established its grant making policy for the public benefit by improving the lives of the young and the old in the UK.
The criteria that the trustees consider when making grants are the objectives, achievement, financial viability and size of the charity.
Achievements and Performance
The grants awarded in the financial year to the 5/4/25 ranged from £3,000 to £12,500 and totalled £58,500.
The charities to whom donations were made included:
Youth (5)
Community and Old Age (3)
Prisoner rehabilitation (2)
Financial review
The total assets increased from £4,492,284 as at the 5/4/24 to £7,634,248 as at 5/4/25. There was £2,995,000 of gifts from the family into the trust. The total investment return for the year was 5.9%. The MSCI ACWI (All Country World Index) Net was -2.9% during the same period.
eee eee , ve, CHARITY COMMISSION : - | (4847 | For ENGLANDAND WALES vharity Name No (if any) PEASE CHARITABLE TRUST 1067264 Receipts and payments accounts CC16a For the period from To Cee 06.04.2024 05.04.2025 ) Unrestricted Endowment furitie Restricted funds funds Total funds Last year Aq Receipts tothe nearest &£ to the nearest£ to the nearest£ to the nearest£ to the nearest£ a a2 ete) [een8 OtherENincome 0 a Pen era[areanas] SL)ee O |]SLPsscmmnssinreeeeOP) iPaA)ON, f PeSAREE CCST] Peeae Me 4IO| fsNEN| F)RENN6]OES| ee SEL | a) | |]| LE a SN |)| fy PTET| NN) 7SGPC ReCL | jf SUMAN|)TSR|)CCM|)SERENE ER | ||cc |a| i)CO A2 Asset and investment sales, (see table). ESTATee E (| A |)ce| WExGysnoned N E [| SS NL |) We Sub total --— 900 fic[ns] OF FD eee A3 Payments Se ey) | -__ 26,600] ST SEEe ) S| | )6 ET) TTTOSECR |) |,fsCT)iLF| |§ |TSCoeEE | |)EEMReee| ES — .ceseeree 1.SSSwr Olypmat| ft RET0).| 6 [ecEATteen OD| fyEES)seme) PoRE)[tees] ST[eee] omc — LNoe SS) (SA)OpeSOP(SR)eeOi |[ee] eeRee |)ce) Oyee Subtotal. OG| Rf) 26,500 sesop ft A4 Asset and investment purchases, (see table) Rpcom insee OPM S L TEENTU | | 2gOA st FT ye CS) | a) | aT) | eT EL) fe) | 136,861 Net of[receipts/(payments)] A5 Transfers between funds |es 2 CR) FE) fb| A6 Cash funds last year end a |Se |a) || ee Cash funds this year end i |a) |ee) Unrestricted Restricted funds Endowment funds funds to nearest & to nearest £ to nearest £ Total cash funds ah a | (agree balances with receipts and payments Aw ? account(s)) OK ial aoe Unrestricted Restricted funds Endowment funds funds
to nearest & to nearest & to nearest & ik — Fund to which asset Cost (optional) Current value belongs P (optional) Fund to which asset ; Current value optional belongs Cost (optional) ; Assets retained for the for the the Pee 8 eg? 38
B4 Assets retained for the for the the
Fund to which Amount due When due (optional) liability relates (optional) . === 2 Signed by one or two trustees on behalf of , aineetetd Signature Print Name Date of approval all the trustees Pp
When due (optional)
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CHARITY COMMISSION | Independent examiner's report on the FOR ENGLAND AND WALES accounts
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Section A Independent Examiner’s Report
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Report to the trustees/
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On accounts for the year | 5™ APRIL 2025 Charity no | 1067254
ended (if any)
Set out on pages | Trustees Report — pages 1- 2
CC16a — pages 1-2
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| report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2024.
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Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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| 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, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent The charity’s gross income exceeded £25,000 and | am qualified to examiner's statement undertake the examination by being a qualified member of Institute of Chartered Accountants of England and Wales.
| have completed my examination. | 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:
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e the accounting records were not kept in accordance with section 130 of the Charities Act; or
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e the accounts did not accord with the accounting records; or e the accounts did not comply with the applicable requirements concerning the 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.
| 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.
IER
Signed: Lo OO —™ Date: | 1 December 2025 Name: | Andrew Peter Charles Fox Relevant professional | FCA - ICAEW qualification(s) or body (if any): 1 Oct 2018