| Charity name | Charity name | The Sir Peter O'Suilevan | Charitable | Charitable | Trust | |
|---|---|---|---|---|---|---|
| Charity registration | numb | 1078889 | ||||
| Address | The Old School | |||||
| Bolventor | ||||||
| Launceston | ||||||
| Comwall PL157TS |
||||||
| Management | Committee | Geoffrey Hughes | ||||
| Michael Dillon | ||||||
| Nlgel Payne MBE | ||||||
| Trustees | Michael Dillon | |||||
| Nlgel Payne MBE | ||||||
| Geoffrey Hughes | ||||||
| Michael Kerr-Dlneen | ||||||
| John McManus | ||||||
| Sir Anthony MoCoy OBE |
||||||
| Dledre Flood | ||||||
| Administrator | Nlgel Payne MBE | |||||
| Investment | Managers | Vermeer Partners, 130Jermyn | Street, London SW1Y4UR | |||
| Quilter Cheviot, One Klngsway, | London WC2B 8AN (until December 2019) | |||||
| Auditors | CJeziersld Associates, |
Chlswlok, | London W42LR | |||
| Bankers | Weatherbys Bank Limited |
|||||
| Sanders Road | ||||||
| Wslllngborough, Northamptonshlre |
NN8 4BX | |||||
| Webslts | hvl |
| Statement of Financial Ac for the year ended 30th Ap |
tivities ril 2022 |
||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Notes | Unrestrloted | Iunds | Unrestrloted | funds | |||
| Incoming resources | |||||||
| Incoming resources from | generated | funds | |||||
| Voluntary income |
Donations | and other | 88,790 | 8,547 | |||
| Activities for generating funds |
Fund raising lunch and auction |
172,250 | |||||
| Christmas | card sales | 18,411 | 25,225 | ||||
| Investment income |
Dividends received |
and Interest | 108,138 | 106,225 | |||
| Total Incoming resources | 385,689 | 139,997 | |||||
| Resources Expended | |||||||
| Cost of generating funds Fundral Ing trading costa |
" 'hg '""'"w' Fund raisin lunch and auction costs |
3 | 123,5'I 8 | 2,000 | |||
| Costs ofSales | 4 | 16,498 | 'I8,468 | ||||
| Fundralslng | and publicity | 6 | 26,378 | 20,580 | |||
| Investment costs |
management | 13,749 | 13,102 | ||||
| Total cost ofgenerating funds |
178,141 | 54,148 | |||||
| Expenditure on Charitable |
aotivltiea | ||||||
| Grants and Donations | 7 - 12 | 1,024,986 | 951,410 | ||||
| Governance costs | |||||||
| Management end administration ofthe |
Charity | 13 | 118,971 | 112,483 | |||
| Total resources exPended | 1,322,108 | 1,118,021 | |||||
| Net (outgoing) resources | (936,518) | (978,024) | |||||
| Net Gains/(Losses) on Investments |
214,529 | 418,708 | |||||
| Fund balances brought forward | 4,054,976 | 4,616,294 | |||||
| Fund balances carried forward | 20 | 3,332,987 | 4,064,978 | ||||
| The notes on pages 9to 17 | form part ofthese accounts. |
| 30th Apta2022 | 30th Apta2022 | Soth April | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| 2 | 2 | 2 | 2 | |||||
| Fixed Assets | ||||||||
| Investments | 16 | S,520,534 | 4,'l61,616 | |||||
| Current Assets | ||||||||
| Cash atbank | 66,847 | 73,040 | ||||||
| Debtors | 17 | 5,7SO | 6,324 | |||||
| 72,577 | 79,364 | |||||||
| Credftorsr | ||||||||
| amounts | falling | due vvithin | 260,124 | 127,440 | ||||
| one year | ||||||||
| Net current | assets | (187,547) | (48,076} | |||||
| Creditors: | ||||||||
| amounts | falling | due after one | 19 | (58,564) | ||||
| year | ||||||||
| Net assets | 3,332,987 | 4,054,976 | ||||||
| Represented | by: | |||||||
| FUNDS of | the Charity | 3332,987 | 4,054,976 | |||||
| Unrestricted | funds | S,S32,987 | 4,054,976 | |||||
| 1(f., | 0..'2s23 | |||||||
| Nigei Pa | E | |||||||
| TRUSTEE | ||||||||
| Forand on behalf ofthe Managing | Committee |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | Total funds | Total funds | |||||
| 2 | 2 | ||||||
| Gash flows from Investing | activities | ||||||
| Gash infows: | |||||||
| Sale ofinvestments | 1,126,758 | 1,064,930 | |||||
| Interest and dividends | 108,138 | 111,679 | |||||
| Cash outflowe; | |||||||
| Purchase of Investments | (376,966) | (1,368,436) | |||||
| Investment management |
costs | (13,749) | (24,629) | ||||
| Cash flows from investing | activities | 844,179 | (216,456) | ||||
| Cash flows from operatIng |
activities | ||||||
| Net cash Inflowe | |||||||
| Donations and proceeds | from fund | raising activities | 259,040 | 33)772 | |||
| Cash outflowe: | |||||||
| Charitable Grants and donations |
paid | 7 | (952,876) | (1,008,410) | |||
| Fundralslng and cost offundralelng |
events | (164,392) | |||||
| Other expenditure | (97,968) | (181,983) | |||||
| Net oash flows from operating |
aotlvltlas | (956,194) | (1,134,601) | ||||
| Net Cash Flow | (112,015) | (1,351,056) | |||||
| Gash and cash equivalents | brought | forward | 296,324 | 1,647,380 | |||
| Cash and cash equivahrnts | carried | forward | 21 | 'I84,309 | 298,324 |
| 1.Accounting | 1.Accounting | Pogoles | Pogoles | The acoounts (financial statements) have been prepared under the historical cost convention with Items reoognlsed at cost or transaction value unless otherwise stated |
In |
|---|---|---|---|---|---|
| the relevant note(s) to Ihese accounts. The flnandal statements have been prepared |
in | ||||
| accordance with the Statement of Recommended Practice: Accounting and Reporting |
by | ||||
| Chsrlges preparing their aooounts In accordance with the Financial Reporting Standard appgcable In the UK and Repubgc of Ireland (FRS102)issued on the 16th July 2014and |
|||||
| the Charities Act 2011. |
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| The Trust constitutes a pubgc benefit entity as defined by FRS102. |
|||||
| Basis ofaccounting | The Trustees conskler that there are no materiel uncertainties about the Trust's abglty |
to | |||
| continue as a Going Concern. | |||||
| Fixed assets Investments |
Investments are a form of baslo financial Instrument and are Inltlaty recognised at their transaotlon value and subsequently measured at their fair value as at the balance sheet date using the dosing quoted market prloe. The statement offinancial aotlvltles Includes |
||||
| ths net gains and losses arising on revaluation and dlsposals throughout the year. |
|||||
| INCOMING | RESOURCES | ||||
| AU Incoming resources are Included In the slatement of financial actlvlUes when the |
|||||
| Rscognltlon | of | charity Is entitled to the Income, the trustees are vlrtuagy certain they wgl receive the | |||
| Incoming resources |
resources and the amount oan be quantified with reasonable aoouraoy. The fogowlng |
||||
| speclRc pogcles are appged to pardcular categories of Income. |
|||||
| Donations and | Voluntary Income received by way ofdonations and legades Is only Included In the |
||||
| legacies | SoFAwhen the charity has unoondlgonal entitlement to the resources. |
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| Donated servtces and | These are only Inoluded In Incoming resources (with an equivalent amount In resources |
||||
| fsogltles | expended) where the benefit to the oharlty ls reasonably quantifiable, measurable and |
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| material. The value plsoed on these resources Is the estimated value to the charity ofthe |
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| servloe or factlty provided. | |||||
| Investment | income | . | Investment income ls Included when reoelvable. |
||
| Incoming resources with related expenditure |
Where Incoming resources have related expenditure (as with fundralslng or contract income) the Incoming resources and related expenditure are reported gross In the SoFA. |
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| EXPENDITURE | AND | LIABIUTIES | |||
| Llabigty recognltlon | IJabgltles other than charitable grants and dlstrlbtlons are recognised as soon as there a legal orconstruoUve obggatlon comnUUlng the charity to pay out resources. |
kr | |||
| Govemsnoe | oosts | Inolude costs ofthe preparation and audit of the statutory accounts, the costs of trustee meetings and cost of any advice to the Trustees on governance or constitutional matters. |
| 2.Donations and other legacies received |
2.Donations and other legacies received |
2.Donations and other legacies received |
2.Donations and other legacies received |
2022 | 2021 | |||
|---|---|---|---|---|---|---|---|---|
| 2 | 2 | |||||||
| Donations received |
88,790 | 8,647 | ||||||
| 88,790 | 8,647 | |||||||
| 3.Fund raising lunch |
2022 | 2021 | ||||||
| Ticket Sales | 65,260 | (2,000) | ||||||
| Auction proceeds | 87,000 | |||||||
| Sponsorship | 20,000 | |||||||
| Gross proceeds of fund raising | lunoh | 172450 | i2,000) | |||||
| Fund raising lunch costs | 2022 | 2021 | ||||||
| 2 | 2 | |||||||
| Catering and other lunoh oosts | 118,914 | |||||||
| Costs ofgoods auctioned | 4,604 | |||||||
| Costs offund raising lunch |
123,518 | |||||||
| Net proceeds from fund raising | lunch | 48,732 | ||||||
| 4.Christmas cards, book and | memorabilia | Sales | 2022 | 2021 | ||||
| 6 | 2 | |||||||
| Christmas cards, book, memorabilia advances |
and | print sales and book | 18,411 | |||||
| Christmas card production |
and | distribution | costs | 16,496 | 18,466 | |||
| Net proceeds from sales of Christmas | Cards, memorabilia | and | 2,915 | 8,769 | ||||
| prints |
| 6.Investment Income |
2021 | ||
|---|---|---|---|
| 2 | 2 | ||
| Dlvfdends and interest |
108,933 | 106,225 | |
| Other Inoome | 1,205 | ||
| 108,138 | 106,225 | ||
| 6.Fundralslng and publicity |
2022 | 2021 | |
| 2 | |||
| Newbury Racecourse |
20,000 | 20,000 | |
| Other fundralslng and publicity costs |
6,378 | 580 | |
| 25,378 | 20,680 | ||
| 7.Grants and oharltsble distributions |
2021 | ||
| 2 | |||
| The following grants and chaytable distributions |
have been | ||
| committed by the Charity during the year, |
|||
| Annually reourrlng grants (Nots 8) |
180,000 | 180,000 | |
| Grants for specific pro)acts and other good causes commlltted and paid during the year ( Note 10) |
702,876 | 701,410 | |
| Payments made during the year to meet previous (Note 9) |
oommltments | 70,000 | 125,000 |
| Total payments made during the year |
952,878 | 1,006,410 | |
| Grants for spedflc pro)sots and other good causes committed during the year but not paid by 30th April 2022 (Note11 ) |
142,120 | 70,000 | |
| Payments made during the year to meet previous |
commitments | (70,000) | (126,000) |
| Grants and distributions for the year |
1,024,996 | 951,410 |
| 5.Annually recurring grants |
5.Annually recurring grants |
2022 2 |
2022 2 |
2021 2 |
|
|---|---|---|---|---|---|
| The Brooke | 30,000 | 30,000 | |||
| World Horse Welfare | 30,000 | 30,000 | |||
| Compassion In World Farming Blue Cross |
30,000 30,000 |
30,000 30,000 |
|||
| The British Thoroughbred Rehabilitation Centre Racing Welfare |
30,000 30,000 |
30,000 30,000 |
|||
| Total paid during the year | 180,000 | 180,000 | |||
| The above are annual grants which the Trust has made every year since | Its Inception | In 1999from | Iis | ||
| Income. These payments have been made every year from |
ihe proceeds | ofthe Trust's | fund reiving | lunch | |
| and other Income and have varied each year depending on the Income of the Trust. |
|||||
| 9,Grants for specific proJects and other good onuses paid | |||||
| durlna the veer | |||||
| Payments made during the year to meet previous |
commltmente | ||||
| 2022 | 2021 | ||||
| 2 | 2 | ||||
| Alntree Bronze of Dick Francis. | 10,000 | ||||
| National Racehorse week | 40,000 | ||||
| Protection of Breed Suffolk Horse Society | 20,000 | ||||
| Total payments made during Ihe year to meet previous commitments |
70,000 | 'I25,000 | |||
| 10.Grants for specific proJects and other good causes | |||||
| bald | durlna the vear |
||||
| 2021 | |||||
| Payments oommltted and paid during the year |
2 | ||||
| InJwed Jockeys Fund | 226,000 | ||||
| Newmarket Pony Academy British Riding School |
60,000 | ||||
| General EAT activities Horseback UK |
50,000 | ||||
| Simulator National Horseraolng college |
30,000 | ||||
| General Staff Costs Jamles Farm | 25,000 | ||||
| Children Equine Therapy Painted Horse |
24,000 | ||||
| Children Equine Therapy CANtsr |
22,500 | ||||
| Sub total | 435,500 |
| Payments committed and paid during the year (continued) |
2022 2 |
|
|---|---|---|
| Sub total from previous page Site Developments RDA Woodbrldge Children Equine Therapy Slrona Therapeuffc Children Equine Therapy Horseworld Equne based stress reducUon Greatwocd ETA Programme Brtlsh Horse Society Racing to School Racing to School HEIReglsisr RDA UK FsdllUes for SEN RDA Vauxhall |
436)600 22,000 20,000 20,000 20,000 16,848 18,500 15,000 16,000 |
|
| Horse Feed Programme Reanimate was Kages Cradle Arena Repairs RDA Cotswolds Confere3nce Sponsorship World Horse Welfafre mobile Cgnlo vehicle Lfz Morrison Positive RDA Winter Feed Horse Sense Wlrrsl |
14,000 12,675 12,000 11,408 10,000 |
|
| General Staff Costs Hopton Rehab 2021 Autism Programme Autism In Racing Annual Cost support RDA Knlghtsbrldge Midwife courses PCS agreed Klmera School |
10,000 10,000 7,500 6,405 |
|
| Fetx Frances re Dick Bronze at Alntree | 6,040 | |
| NRW - webslte NRW/GBR |
5,000 | |
| Food stuff for Horses Reanimate was Katles Cradle |
6,000 | |
| Mental Health Programme Warrior Equine Autism In Racing Radng Together re Bobby Beavers Animal care Refuglo JIU Phlpps Equlnes in Utuaine WHW Appeal Restore Safe fencing Rlfuglo Jlff Phlpps Reanimate |
2,000 2,000 2,000 2,000 2,000 2,000 |
|
| Total payments committed and paid during the year |
702,676 | 701,410 |
| Total payments during the year for specific projects and other good causes |
962,876 | 1,006,410 |
| 11.Grants for specific proJecta and other good | causes | ||||
|---|---|---|---|---|---|
| made durlna the year | 2022 | 2021 | |||
| The fogowlng oommlhnents to future payments |
have been | ||||
| recognised In these accounts |
|||||
| Children Equine Therapy SLTH Part cost ofsimulator RDA Norlh Comwall |
20,000 20,000 |
||||
| Towards mini bus Knotty Ash School Deaf services Sponsor Ponies Park Palace ponies Pony therapy Io W Donkeys Carriage/ Handicapped RDA BARROW General Overheads Liverpool Signing Choir |
20,000 15,000 11,064 11,000 10,000 |
||||
| Land Acqulstlon Profect Park Palace ponies IJFGolf Day Jim Old Annual Cost support RDA Knlghtsbrldge Webslte Racehorse Relief |
10,000 10,000 7,500 5,568 |
||||
| Total grants commiNed during the year but not paid by 30th |
142,120 | 70,000 | |||
| April 2022 | |||||
| These grants are mostly for speclflo proJects which appropriate. Some grants are made In Instalments Included In the accounts ifthe commitment to pay |
do not reour and hence comparative or annual trenches and these future these grants was made before 30th |
figures are not commitments are Aphl 2022 and the |
|||
| amount ofthe future payments can be ascertained |
with reasonable | accuracy. |
| 2022 | 2021 | ||
|---|---|---|---|
| 2 | 2 | ||
| Lamboum Children Part cost |
Open Day Equine Therapy SLTH of simulator RDA North Ccrnwall |
111,804 20,000 20,000 |
111,804 |
| Towards minibus Knotty Ash School Deaf servloes Sponsor Ponies Park Palace ponies Pony therapy I o W Donkeys Canlage/ Handicapped RDA BARROW |
20.000 15,000 11,064 11,000 |
| 12.Grants and oharltabls distributions, |
12.Grants and oharltabls distributions, |
pledged | pledged | and oommltted | and oommltted | ( continued) 2022 |
2021 |
|---|---|---|---|---|---|---|---|
| 2 | e | ||||||
| Sub total from previous page General Overheads Liverpool Signing Choir Land Acquistion Project Park Palace ponies IJFGolf Day Jim Old Annual Cost support RDA Knlghtsbrldge Wsbslte Racehorse Relief |
208,868 10,000 10,000 10,000 7,500 6,556 |
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| Ukraine Red Crass Appeal OSG Alntree Bronze of Dick Francis. |
Felix FrancLs | 2,000 | 10,000 | ||||
| National Racehorse week | 40,000 | ||||||
| Protection of Breed Suffolk Horse | Society | 20,000 | |||||
| Total amount due under obligations | existing as at 30th April | 263,924 | 181,804 | ||||
| 2022 | |||||||
| 12, Grants and charitable distributions, |
pledged | and oommltted | (continued) 2022 |
2021 | |||
| e | |||||||
| Amounts due wlihln one year Amounts due after one year |
253,924 | 123,240 58,564 |
|||||
| Total amount due under obligations | existing as at 30th April | 253,924 | 181,804 | ||||
| 2022 | |||||||
| 13,Management and administration of |
the Charity | 2022 E |
2021 2 |
||||
| Managing Trustees fees Gallery administrators fee Auditors remuneration |
104,996 4,200 |
102,283 6,000 4,200 |
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| Other costs | 9,776 | ||||||
| 118,971 | 112,463 |
| 16.Fixed Asset Investments | 2022 2 |
2021 |
|---|---|---|
| Balance brought fonvard | 4,161,618 | 4,821,788 |
| Add: additions to Investments atcost Dlsposals at carrying value Unrsallsed gooses) / gains on Investments |
376,966 (1,096,388) 184,161 |
1,368,436 (946,348) 312,058 |
| Increase/(Decrease) in oash deposits and accrued Income |
(105,621) | (1,394,316) |
| inrfuded In the investment Portfolio |
||
| Market value as at 30th April 2022 | 3,520;534 | 4,161,616 |
| Fixed asset Investments are comprised of: |
2022 | 2021 2 |
| Equiges Fixed Interest Securities Investment Funds Alternative Investments Dash held within the Investment portfolio |
1,604,466 740,01'7 368,177 690,422 117,462 |
2,206,863 740,337 376,899 615,233 223,283 |
| Market value as at 30th April 2022 | 3,520,634 | 4,161,616 |
| 16,Rxed Asset Investments (oontlnued) |
2022 2 |
2021 2 |
| Main portfolio Long Term proJects account |
3420,534 | 3,398,911 762,705 |
| Market value as at 30th April 2022 | 3,620,634 | 4,161,616 |
| 17.Debtors | 2022 2 |
2C21 2 |
| Pt andaccruedincome |
6,730 | 6,324 |
| 18,Creditors -Amounts | due wlthln one year | due wlthln one year | 2022 2 |
2021 2 |
|---|---|---|---|---|
| Aocruals for Grants Other creditors |
payable | ( Note 12) | 253,924 6,200 |
123,240 4,200 |
| 280,124 | 127,440 | |||
| 19.Creditors -Amounts | due after one year | 2022 2 |
2021 2 |
|
| Accruals for Grants | payable | (Note 12) | 58,584 | |
| 20. Reserves | 2022 | 2021 | ||
| E | ||||
| General purpose fund |
3,332,967 | 4,064,976 |
| 21.Cash snd cash equivalents | atthe year end | 2022 2 |
scst E |
|---|---|---|---|
| Cash held wlthln Investment Portfolio Cash held Ior operating activities |
117,462 88,847 |
223,283 73,040 |
|
| 184,309 | 296,324 |