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## 

|Charity name|Charity name||The Sir Peter O'Suilevan|Charitable|Charitable|Trust|
|---|---|---|---|---|---|---|
|Charity registration||numb|1078889||||
|Address|||The Old School||||
||||Bolventor||||
||||Launceston||||
||||Comwall<br>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<br>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<br>Associates,|Chlswlok,||London W42LR|
|Bankers|||Weatherbys<br>Bank Limited||||
||||Sanders Road||||
||||Wslllngborough,<br>Northamptonshlre|||NN8 4BX|
|Webslts|||hvl||||





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## 

|Statement of Financial Ac<br>for the year ended 30th Ap|tivities<br>ril 2022|||||||
|---|---|---|---|---|---|---|---|
|||||2022||2021||
||||Notes|Unrestrloted|Iunds|Unrestrloted|funds|
|Incoming resources||||||||
|Incoming resources from|generated|funds||||||
|Voluntary<br>income|Donations|and other|||88,790||8,547|
|Activities for generating<br>funds|Fund raising lunch and<br>auction||||172,250|||
||Christmas|card sales|||18,411||25,225|
|Investment<br>income|Dividends<br>received|and Interest|||108,138||106,225|
|Total Incoming resources|||||385,689||139,997|
|Resources Expended||||||||
|Cost of generating<br>funds<br>Fundral<br>Ing trading costa|"<br>'hg '""'"w'<br>Fund raisin<br>lunch and<br>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<br>costs|management||13,749||13,102||
|Total cost ofgenerating<br>funds||||178,141||54,148||
|Expenditure<br>on Charitable|aotivltiea|||||||
|Grants and Donations|||7 - 12|1,024,986||951,410||
|Governance costs||||||||
|Management<br>end administration<br>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)<br>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<br>management|costs|||||(13,749)|(24,629)|
|Cash flows from investing|activities|||||844,179|(216,456)|
|Cash flows from<br>operatIng||activities||||||
|Net cash Inflowe||||||||
|Donations and proceeds|from fund|||raising activities||259,040|33)772|
|Cash outflowe:||||||||
|Charitable<br>Grants and donations|||paid||7|(952,876)|(1,008,410)|
|Fundralslng<br>and cost offundralelng||||events||(164,392)||
|Other expenditure||||||(97,968)|(181,983)|
|Net oash flows from<br>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<br>(financial statements)<br>have been prepared<br>under the historical cost<br>convention<br>with Items reoognlsed<br>at cost or transaction<br>value unless otherwise<br>stated|In|
|---|---|---|---|---|---|
|||||the relevant note(s) to Ihese accounts. The flnandal<br>statements<br>have been prepared|in|
|||||accordance<br>with the Statement<br>of Recommended<br>Practice: Accounting<br>and Reporting|by|
|||||Chsrlges<br>preparing<br>their aooounts<br>In accordance<br>with the Financial<br>Reporting<br>Standard<br>appgcable<br>In the UK and Repubgc of Ireland (FRS102)issued on the 16th July 2014and||
|||||the Charities<br>Act 2011.||
|||||The Trust constitutes a pubgc benefit entity as defined<br>by FRS102.||
|Basis ofaccounting||||The Trustees conskler that there are no materiel<br>uncertainties<br>about the Trust's abglty|to|
|||||continue as a Going Concern.||
|Fixed assets<br>Investments||||Investments<br>are a form of baslo financial<br>Instrument<br>and are Inltlaty recognised<br>at their<br>transaotlon<br>value and subsequently<br>measured<br>at their fair value as at the balance sheet<br>date using the dosing quoted market prloe. The statement<br>offinancial aotlvltles<br>Includes||
|||||ths net gains and losses arising on revaluation<br>and dlsposals<br>throughout<br>the year.||
|INCOMING|RESOURCES|||||
|||||AU Incoming resources are Included<br>In the slatement<br>of financial<br>actlvlUes when the||
|Rscognltlon|of|||charity Is entitled to the Income, the trustees are vlrtuagy certain they wgl receive the||
|Incoming<br>resources||||resources<br>and the amount<br>oan be quantified<br>with reasonable<br>aoouraoy. The fogowlng||
|||||speclRc pogcles are appged to pardcular<br>categories of Income.||
|Donations and||||Voluntary<br>Income<br>received by way ofdonations<br>and legades<br>Is only Included<br>In the||
|legacies||||SoFAwhen the charity has unoondlgonal<br>entitlement<br>to the resources.||
|Donated servtces and||||These are only Inoluded<br>In Incoming resources<br>(with an equivalent<br>amount<br>In resources||
|fsogltles||||expended)<br>where the benefit to the oharlty ls reasonably<br>quantifiable,<br>measurable<br>and||
|||||material.<br>The value plsoed on these resources Is the estimated<br>value to the charity ofthe||
|||||servloe or factlty provided.||
|Investment|income||.|Investment<br>income ls Included<br>when reoelvable.||
|Incoming resources<br>with<br>related<br>expenditure||||Where Incoming resources have related expenditure<br>(as with fundralslng<br>or contract<br>income) the Incoming resources and related expenditure<br>are reported gross In the SoFA.||
|EXPENDITURE||AND|LIABIUTIES|||
|Llabigty recognltlon||||IJabgltles<br>other than charitable<br>grants and dlstrlbtlons<br>are recognised as soon as there<br>a legal orconstruoUve<br>obggatlon<br>comnUUlng<br>the charity to pay out resources.|kr|
|Govemsnoe|oosts|||Inolude costs ofthe preparation<br>and audit of the statutory accounts, the costs of trustee<br>meetings<br>and cost of any<br>advice to the Trustees on governance<br>or constitutional<br>matters.||





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## 

|2.Donations<br>and other legacies received|2.Donations<br>and other legacies received|2.Donations<br>and other legacies received|2.Donations<br>and other legacies received||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||2|2|
|Donations<br>received|||||||88,790|8,647|
||||||||88,790|8,647|
|3.Fund raising<br>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<br>lunch|||||||123,518||
|Net proceeds from fund raising||lunch|||||48,732||
|4.Christmas cards, book and|memorabilia|||Sales|||2022|2021|
||||||||6|2|
|Christmas<br>cards, book, memorabilia<br>advances|||and||print sales and book||18,411||
|Christmas<br>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<br>Income|||2021|
|---|---|---|---|
|||2|2|
|Dlvfdends<br>and interest||108,933|106,225|
|Other Inoome||1,205||
|||108,138|106,225|
|6.Fundralslng<br>and publicity||2022|2021|
|||2||
|Newbury<br>Racecourse||20,000|20,000|
|Other fundralslng<br>and publicity costs||6,378|580|
|||25,378|20,680|
|7.Grants and oharltsble<br>distributions|||2021|
||||2|
|The following grants<br>and chaytable<br>distributions|have been|||
|committed<br>by the Charity during the year,||||
|Annually<br>reourrlng<br>grants (Nots 8)||180,000|180,000|
|Grants for specific pro)acts and other good causes commlltted<br>and paid during<br>the year<br>( Note 10)||702,876|701,410|
|Payments<br>made during the year to meet previous<br>(Note 9)|oommltments|70,000|125,000|
|Total payments<br>made during the year||952,878|1,006,410|
|Grants for spedflc pro)sots and other good causes committed<br>during the year<br>but not paid by 30th April 2022 (Note11 )||142,120|70,000|
|Payments<br>made during the year to meet previous|commitments|(70,000)|(126,000)|
|Grants and distributions<br>for the year||1,024,996|951,410|





## 

## 

|5.Annually<br>recurring<br>grants|5.Annually<br>recurring<br>grants|2022<br>2|2022<br>2|2021<br>2||
|---|---|---|---|---|---|
||The Brooke||30,000|30,000||
||World Horse Welfare||30,000|30,000||
||Compassion<br>In World Farming<br>Blue Cross||30,000<br>30,000|30,000<br>30,000||
||The British Thoroughbred<br>Rehabilitation<br>Centre<br>Racing Welfare||30,000<br>30,000|30,000<br>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<br>have been made every year from|ihe proceeds|ofthe Trust's|fund reiving|lunch|
||and other Income and have varied each year depending<br>on the Income of the Trust.|||||
|9,Grants for specific proJects and other good onuses paid||||||
|durlna the veer||||||
||Payments<br>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<br>made during<br>Ihe year to meet previous<br>commitments||70,000|'I25,000||
|10.Grants for specific proJects and other good causes||||||
|bald|durlna<br>the vear|||||
|||||2021||
||Payments<br>oommltted<br>and paid during the year|||2||
||InJwed Jockeys Fund|226,000||||
||Newmarket<br>Pony Academy<br>British Riding School||60,000|||
||General<br>EAT activities Horseback<br>UK||50,000|||
||Simulator<br>National<br>Horseraolng<br>college||30,000|||
||General Staff Costs Jamles Farm||25,000|||
||Children<br>Equine Therapy<br>Painted Horse||24,000|||
||Children<br>Equine Therapy<br>CANtsr||22,500|||
||Sub total|435,500||||





## 

## 

|Payments<br>committed<br>and paid during the year<br>(continued)|2022<br>2||
|---|---|---|
|Sub total from previous<br>page<br>Site Developments<br>RDA Woodbrldge<br>Children<br>Equine Therapy Slrona Therapeuffc<br>Children<br>Equine Therapy<br>Horseworld<br>Equne based stress reducUon<br>Greatwocd<br>ETA Programme<br>Brtlsh Horse Society<br>Racing<br>to School<br>Racing to School<br>HEIReglsisr<br>RDA UK<br>FsdllUes for SEN RDA Vauxhall|436)600<br>22,000<br>20,000<br>20,000<br>20,000<br>16,848<br>18,500<br>15,000<br>16,000||
|Horse Feed Programme<br>Reanimate<br>was Kages Cradle<br>Arena Repairs<br>RDA Cotswolds<br>Confere3nce Sponsorship<br>World Horse Welfafre<br>mobile Cgnlo vehicle Lfz Morrison<br>Positive RDA<br>Winter Feed Horse Sense Wlrrsl|14,000<br>12,675<br>12,000<br>11,408<br>10,000||
|General Staff Costs<br>Hopton Rehab<br>2021 Autism<br>Programme<br>Autism<br>In Racing<br>Annual<br>Cost support<br>RDA Knlghtsbrldge<br>Midwife courses PCS agreed<br>Klmera School|10,000<br>10,000<br>7,500<br>6,405||
|Fetx Frances re Dick Bronze at Alntree|6,040||
|NRW - webslte<br>NRW/GBR|5,000||
|Food stuff for Horses Reanimate<br>was Katles Cradle|6,000||
|Mental<br>Health<br>Programme<br>Warrior Equine<br>Autism<br>In Racing<br>Radng Together re Bobby Beavers<br>Animal care Refuglo<br>JIU Phlpps<br>Equlnes<br>in Utuaine<br>WHW Appeal<br>Restore Safe fencing<br>Rlfuglo Jlff Phlpps<br>Reanimate|2,000<br>2,000<br>2,000<br>2,000<br>2,000<br>2,000||
|Total payments<br>committed<br>and paid during the year|702,676|701,410|
|Total payments<br>during the year for specific projects and other<br>good causes|962,876|1,006,410|





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## 

|11.Grants for specific proJecta and other good|causes|||||
|---|---|---|---|---|---|
|made durlna the year|||2022|2021||
|The fogowlng<br>oommlhnents<br>to future payments|have been|||||
|recognised<br>In these accounts||||||
|Children<br>Equine Therapy<br>SLTH<br>Part cost ofsimulator<br>RDA Norlh Comwall|||20,000<br>20,000|||
|Towards<br>mini bus<br>Knotty Ash School Deaf services<br>Sponsor Ponies Park Palace ponies<br>Pony therapy<br>Io W Donkeys<br>Carriage/<br>Handicapped<br>RDA BARROW<br>General Overheads<br>Liverpool Signing Choir|||20,000<br>15,000<br>11,064<br>11,000<br>10,000|||
|Land Acqulstlon<br>Profect<br>Park Palace ponies<br>IJFGolf Day Jim Old<br>Annual Cost support<br>RDA Knlghtsbrldge<br>Webslte Racehorse<br>Relief|||10,000<br>10,000<br>7,500<br>5,568|||
|Total grants commiNed<br>during the year but not paid by 30th|||142,120|70,000||
|April 2022||||||
|These grants are mostly for speclflo proJects which <br>appropriate.<br>Some grants are made<br>In Instalments<br>Included<br>In the accounts<br>ifthe commitment<br>to pay|do not reour and hence comparative<br>or annual<br>trenches and these future <br> these grants was made before 30th|||figures are not<br> commitments<br>are<br> Aphl 2022 and the||
|amount ofthe future payments<br>can be ascertained|with reasonable||accuracy.|||



## 

|||2022|2021|
|---|---|---|---|
|||2|2|
|Lamboum<br>Children<br>Part cost|Open Day<br>Equine Therapy SLTH<br> of simulator<br>RDA North Ccrnwall|111,804<br>20,000<br>20,000|111,804|
|Towards minibus<br>Knotty Ash School Deaf servloes<br>Sponsor Ponies Park Palace ponies<br>Pony therapy<br>I o W Donkeys<br>Canlage/<br>Handicapped<br>RDA BARROW||20.000<br>15,000<br>11,064<br>11,000||



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|12.Grants and oharltabls<br>distributions,|12.Grants and oharltabls<br>distributions,|pledged|pledged|and oommltted|and oommltted|( continued)<br>2022|2021|
|---|---|---|---|---|---|---|---|
|||||||2|e|
|Sub total from previous page<br>General Overheads<br>Liverpool Signing Choir<br>Land Acquistion<br>Project<br>Park Palace ponies<br>IJFGolf Day Jim Old<br>Annual Cost support<br>RDA Knlghtsbrldge<br>Wsbslte Racehorse Relief||||||208,868<br>10,000<br>10,000<br>10,000<br>7,500<br>6,556||
|Ukraine Red Crass Appeal<br>OSG<br>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<br>distributions,||pledged|and oommltted||(continued)<br>2022||2021|
|||||||e||
|Amounts<br>due wlihln one year<br>Amounts<br>due after one year||||||253,924|123,240<br>58,564|
|Total amount due under obligations|existing as at 30th April|||||253,924|181,804|
|2022||||||||
|13,Management<br>and administration<br>of|the Charity|||||2022<br>E|2021<br>2|
|Managing<br>Trustees fees<br>Gallery administrators<br>fee<br>Auditors<br>remuneration||||||104,996<br>4,200|102,283<br>6,000<br>4,200|
|Other costs||||||9,776||
|||||||118,971|112,463|



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|16.Fixed Asset Investments|2022<br>2|2021|
|---|---|---|
|Balance brought fonvard|4,161,618|4,821,788|
|Add: additions to Investments<br>atcost<br>Dlsposals at carrying value<br>Unrsallsed<br>gooses) / gains on Investments|376,966<br>(1,096,388)<br>184,161|1,368,436<br>(946,348)<br>312,058|
|Increase/(Decrease)<br>in oash deposits and accrued Income|(105,621)|(1,394,316)|
|inrfuded<br>In the investment<br>Portfolio|||
|Market value as at 30th April 2022|3,520;534|4,161,616|
|Fixed asset Investments<br>are comprised of:|2022|2021<br>2|
|Equiges<br>Fixed Interest Securities<br>Investment<br>Funds<br>Alternative<br>Investments<br>Dash held within the Investment<br>portfolio|1,604,466<br>740,01'7<br>368,177<br>690,422<br>117,462|2,206,863<br>740,337<br>376,899<br>615,233<br>223,283|
|Market value as at 30th April 2022|3,520,634|4,161,616|
|16,Rxed Asset Investments<br>(oontlnued)|2022<br>2|2021<br>2|
|Main portfolio<br>Long Term proJects account|3420,534|3,398,911<br>762,705|
|Market value as at 30th April 2022|3,620,634|4,161,616|
|17.Debtors|2022<br>2|2C21<br>2|
|Pt<br>andaccruedincome|6,730|6,324|





## 

|18,Creditors -Amounts|due wlthln one year|due wlthln one year|2022<br>2|2021<br>2|
|---|---|---|---|---|
|Aocruals<br>for Grants <br>Other creditors|payable|( Note 12)|253,924<br>6,200|123,240<br>4,200|
||||280,124|127,440|
|19.Creditors -Amounts|due after one year||2022<br>2|2021<br>2|
|Accruals for Grants|payable|(Note 12)||58,584|
|20. Reserves|||2022|2021|
||||E||
|General purpose<br>fund|||3,332,967|4,064,976|



|21.Cash snd cash equivalents|atthe year end|2022<br>2|scst<br>E|
|---|---|---|---|
|Cash held wlthln<br>Investment<br>Portfolio<br>Cash held Ior operating<br>activities||117,462<br>88,847|223,283<br>73,040|
|||184,309|296,324|



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