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|Charity name|Charity name|||The Sir Peter O'Sullevan|Charitable|Charitable|Trust|
|---|---|---|---|---|---|---|---|
|Charity registration|||numb|1078889||||
|Address||||The Old School||||
|||||Bolventor||||
|||||Launceston||||
|||||Cornwall
PL157TS||||
|Management||Committee||Geoffrey Hughes||||
|||||Michael
Dillon||||
|||||Nigel Payne MBE||||
|Trustees||||Michael
Dillon||||
|||||Nigel Payne MBE||||
|||||Geoffrey Hughes||||
|||||Michael Kerr-Dineen||||
|||||John McManus||||
|||||Sir Anthony
McCoy OBE||||
|||||Diedre Flood||||
|Administrator||||Nigel Payne MBE||||
|Investment|Managers|||Vermeer Partners,
130Jermyn Street, London SW1Y4UR||||
|Auditors||||C Jezierski
Associates,|Chiswick,|London W4 2LR||
|Bankers||||Weatherbys
Bank Limited||||
|||||Sanders Road||||
|||||Wellingborough,
Northamptonshire|||NN8 4BX|
|Website||||htt://www.
thevoiceofracin|.com|||
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|||||||2023||2022|2022|
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|Unrestricted|funds|Unrestricted|funds|
|Incoming resources||||||||||
|Incoming resources|from|generated|funds|||||||
|Voluntary
income||Donations
legacies|and other||||87,469||86,790|
|Activities
for generating
funds||Fund raising
auction||lunch and|||188,025||172,250|
|||Christmas|card sales||||29,608||18,411|
|Investment
income||Dividends
received|and Interest||||89,984||108,138|
|Total incoming
resources|||||||395,086||385,589|
|Resources Expended||||||||||
|Cost of generating
funds||||||||||
|Fundraising
trading costs||Fund raising
lunch and
auction costs|||3|143,030||123,518||
|||Costs of Sales|||4|17,977||15,496||
|||Fundraising||and publicity|6|21,667||25,378||
|||Investment
costs|management|||15,541||13,749||
|Total cost of generating|funds|||||182,673||178,142||
|Expenditure
on Charitable||activities||||||||
|Grants and Donations|||||7 - 12|1,254,500||1,024,996||
|Governance costs||||||||||
|Management
and administration
ofthe|||Charity||13|124,792||118,971||
|Total resources expended||||||1,561,965||1,322,108||
|Net (outgoing) resources||||||(1,1|66,880)|(936,519)||
|Net Gains / (Losses)
on Investments||||||(2 I5,932)|||214,529|
|Fund balances
brought|forward||||19|3,332,987||4,054,976||
|Fund balances carried|forward|||||1,950,176||3,332,987||
|The notes on pages 9to 17||form part of|these accounts.|||||||
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||||Notes|30th April|2023|30th April|2022|
|---|---|---|---|---|---|---|---|
|Fixed Assets||||||||
|Investments|||16||1,919,587||3,520,534|
|Current Assets||||||||
|Cash at bank||||99,278||66,847||
|Debtors|||17|6,068||5,730||
|||||105,345||72,577||
|Creditors:||||||||
|amounts|falling due within||18|74,756||260,124||
|one year||||||||
|Net current|assets||||30,589||(187,547)|
|Net assets|||||1,950,176||3,332,987|
|Represented|by:|||||||
|FUNDS of|the|Charity|||1,950,176||3,332,987|
|Unrestricted|funds||19||1,950,176||3,332,987|
|Nigel Pay||MBE||||||
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|||||2023|2022|
|---|---|---|---|---|---|
||||Notes|Total funds|Total funds|
|Cash flows from Investing|activities|||||
|Cash infows:||||||
|Sale of investments
Interest and dividends||||3,694,012
89,984|1,126,756
108,138|
|Cash outflows:||||||
|Purchase
of Investments
Investment
management
costs||||(2,381,171)
(15,541)|(376,966)
(13,749)|
|Cash flows from investing
activities||||1,387,284|844,179|
|Cash flows from
operating|activities|||||
|Net cash Inflows||||||
|Donations
and proceeds
from fund||raising activities||305,101|277,451|
|Cash oufflows:||||||
|Charitable
Grants and donations
paid||||(1,437,868)|(952,876)|
|Fundraising
and cost of fundraising||events||(181,450)|(164,392)|
|Other expenditure||||(128,888)|(116,377)|
|Net cash flows from
operating
activities||||(1,443,105)|(956,194)|
|Net Cash Flow||||(55,821)|(112,015)|
|Cash and cash equivalents|brought|forward||184,309|296,324|
|Cash and cash equivalents|carried|forward|20|128,488|184,309|
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|Notes to the Accounts|Notes to the Accounts||
|---|---|---|
|for the year ended|30th April 2023||
|1.Accounting
Policies The accounts
(financial statements)
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. The financial statements
have been prepared
in
accordance
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 the 16th July 2014 and
the Charities
Act 2011.||
||The Trust constitutes
a public benefit entity as defined
by FRS 102.||
|Basis ofaccounting|The Trustees consider that there are no material
uncertainties
about the Trust's
ability
continue as a Going Concern.|to|
|Fixed assets
Investments|Investments
are a form of basic financial
instrument
and are initially recognised
at their
transaction
value and subsequently
measured
at their fair value as at the balance sheet||
||date using the closing quoted
market price. The statement
of financial
activities
includes||
||the net gains and losses arising
on revaluation
and disposals
throughout
the year.||
|INCOMING RESOURCES|||
|Recognition
of
Incoming resources|All incoming
resources are included
in the statement
of financial
activities when the
charity is entitled
to the income, the trustees
are virtually
certain they will receive the
resources
and the amount can be quantified
with reasonable
accuracy. The following
specific policies are applied to particular
categories
of income.||
|Donations
and
legacies|Voluntary
income
received
by way of donations
and legacies is only included
in the
SoFA when the charity has unconditional
entitlement
to the resources.||
|Donated services and
facilities|These are only included
in incoming
resources
(with an equivalent
amount
in resources
expended)
where the benefit to the charity
is reasonably
quantifiable,
measurable
and
material.
The value placed on these resources
is the estimated
value to the charity of the
service or facility provided.||
|Investment
income|Investment
income is included
when receivable.||
|Incoming resources
with
related|Where incoming
resources
have related expenditure
(as with fundraising
or contract||
|expenditure|income) the incoming
resources
and related expenditure
are reported gross
in the SoFA.||
|EXPENDITURE AND LIABILITIES|||
|Liability recognition|Liabilities
other than charitable
grants and distribtions
are recognised
as soon as there
a legal or constructive
obligation
committing
the charity to pay out resources.|is|
|Governance costs|Include costs of the 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.||
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|2.Donations
and other legacies received|2.Donations
and other legacies received|2.Donations
and other legacies received||||2023|2022|
|---|---|---|---|---|---|---|---|
|Donations
received||||||87,469|86,790|
|||||||87,469|86,790|
|3.Fund raising lunch||||||2023|2022|
|Ticket Sales
Auction proceeds
Sponsorship||||||63,525
104,500
20,000|65,250
87,000
20,000|
|Gross proceeds of fund raising|lunch|||||188,025|172,250|
|Fund raising
lunch costs||||||2023|2022|
|Catering
and other lunch costs
Costs of goods auctioned||||||135,117
7,913|118,914
4,604|
|Costs of fund raising
lunch||||||143,030|123,518|
|Net proceeds from fund raising|lunch|||||44,996|48,732|
|4.Christmas
cards, book and memorabilia|||Sales|||2023|2022|
|Christmas
cards, book, memorabilia
advances||and||print sales and book||29,608|18,411|
|Christmas
card production
and|distribution|||costs||17,977|15,496|
|Net proceeds from
sales of Christmas|||Cards, memorabilia||and|11,631|2,915|
|prints||||||||
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|5.Investment
Income||2023|2022|
|---|---|---|---|
|Dividends
and interest||89,984|107,434|
|||89,984|107,434|
|6.Fundraislng
and publlclty||2023|2022|
|Newbury
Racecourse||20,400|20,000|
|Other fundraising
and publicity costs||1,267|5,378|
|||21,667|25,378|
|7.Grants and charitable
distributions||2023|2022|
|The following
grants
and charitable
distributions|have been|||
|committed
by the Charity
during the year.||||
|Annually
recurring
grants
( Note 8)||150,000|180,000|
|Grants for specific projects and other good causes committed
and paid during the year
( Note 10)||1,039,500|702,876|
|Payments
made during
the year to meet previous
(Note 9)|commitments|248,368|70,000|
|Total payments
made during the year||1,437,868|952,876|
|Grants for specific projects and other good causes committed
during the year
but not paid by 30th April 2023 ( Note11 )||65,000|142,120|
|Payments
made during
the year to meet previous|commitments|(248,368)|(70,000)|
|Grants and distributions
for the year||1,254,500|1,024,996|
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|8.Annually
recurring
grants|8.Annually
recurring
grants||||2023|2023|2022||
|---|---|---|---|---|---|---|---|---|
||The Brooke|||||25,000|30,000||
||World Horse Welfare|||||25,000|30,000||
||Compassion
in World Farming
Blue Cross
The British Thoroughbred
Rehabilitation||Centre|||25,000
25,000
25,000|30,000
30,000
30,000||
||Racing Welfare|||||25,000|30,000||
||Total paid during the year|||||150,000|180,000||
||The above are annual
grants which the Trust has made|||every year since||its inception|in 1999from|its|
||income. These payments
have been made every year from||||the proceeds|ofthe Trust's|fund raising|lunch|
||and other income and have varied each year depending|||on the income of||the Trust.|||
|9.Grants for specific projects and other||good causes paid|||||||
|during the year|||||||||
||Payments
made during the year to|meet previous|||commitments||||
||||||2023||2022||
||Lambourn
Open Day Grant for 2022|||||53,240|||
||Lambourn
Open Day Grant for 2023 paid|in March 2023||||58,564|||
||Children
Equine Therapy
SLTH|||||20,000|||
||Part cost of simulator
RDA North Cornwall|||||20,000|||
||Towards
mini bus
Knotty Ash School Deaf services|||||20,000|||
||Sponsor Ponies Park Palace ponies|||||15,000|||
||Pony therapy
I o W Donkeys|||||11,064|||
||Carriage/
Handicapped
RDA BARROW|||||11,000|||
||General Overheads
Liverpool
Singing Choir|||||10,000|||
||Land Acquistion
Project Park Palace ponies|||||10,000|||
||IJF Golf Day Jim Old|||||10,000|||
||RDA Knightsbridge|||||7,500|||
||Ukraine
Red Cross Appeal
OSG|||||2,000|||
||Total payments
made during the year to meet previous
commitments||||248,368||70,000||
|10.Grants for specific projects and other||good causes|||||||
|oald|durino the vear||||||||
||||||2023||2022||
||Payments
committed
and paid during||the year||||||
||Injured Jockeys fund||||225,000||||
||British Racing School / Newmarket
Pony Academy|||||60,000|||
||Mare
and foal sanctuary/
HEIR|||||40,000|||
||Racing to School|||||33,000|||
||sub total||||358,000||||
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|---|---|---|---|---|
|Grants for specific proje|cts|and other good causes|2023|2022|
|during the year (continued)|||||
|Sub total from previous page|||358,000||
|The Urban Equestrian
Academy|||30,000||
|British Racing School Riding a||Dream|28,800||
|Painted Horse|||27,343||
|StJames City Farm Gloucester|||20,647||
|Clwyd Special Donkey Riding Centre|||20,400||
|Rescue Ranch
/ EAT|||20,000||
|East Liverpool
RDA|||20,000||
|Belvoir Vale RDA|||20,000||
|Ravelrig
RDA|||20,000||
|NB Horses TA New Beginings|||20,000||
|Fortune Centre of Riding Therapy|||20,000||
|Sirona Therapeutic
Horsemans||Ship|20,000||
|Greatwood
Charity|||20,000||
|Key4Life|||20,000||
|Horseback
UK Ltd|||20,000||
|Northern
Racing College|||19,980||
|World Horse Welfare|||18,000||
|Equine Therapy|||18,000||
|Racing to Relate|||16,300||
|Campbell
School Aberdeen|||16,000||
|Jamies farm|||15,000||
|Park palace ponies|||15,000||
|Digswell Place Group RDA|||15,000||
|Farm Animal Sanctuary|||15,000||
|Isle Of Wight Donkey Sanctuary|||15,000||
|Equine Therapy
Centre|||14,930||
|Kesteven
Rideability|||14,500||
|Horse trust|||12,600||
|The National
Horse Racing|Museum||12,500||
|New Beginnings|||10,000||
|Kyle group RDA|||10,000||
|Demelza|||10,000||
|Cambride
College|||10,000||
|Horse Sense Wirral|||10,000||
|Hopton Re hab and Homing|||10,000||
|Vauxhall
City Farm|||10,000||
|Maisemore
RDA|||10,000||
|Stable Lives|||10,000||
|Border Group RDA|||10,000||
|Calon RDA Groom Wages|||8,000||
|Calon RDA|||7,500||
|Bodmin Moor land Pony Rehab
Great British racing limited|||5,000
4,000||
|Raystede
Animal Welfare
Jamies Farm The Childhood|Trust||3,000
2,000||
|Sub total|||1,032,500||
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|10.Grants for specific proJects and other good causes|10.Grants for specific proJects and other good causes|10.Grants for specific proJects and other good causes|10.Grants for specific proJects and other good causes|2023|2022|
|---|---|---|---|---|---|
|paid|durina
the vear (continued)|||R||
||Sub total from previous page|||1,032,500||
||Phipps
Covid hardship
payment|||2,000||
||Phipps
Covid hardship
payment|(2nd payment)||2,000||
||Retraining
for Racehorses|||2,000||
||Retraining
for Racehorses
(2nd|payment)||1,000||
||Total payments
committed
and paid during||the year|1,039,500|702,876|
|||||2023|2022|
||Total payments
during
the year for specific projects and other|||||
||good causes|||1,437,868|952,876|
|11.Grants for specific projects and other good causes||||||
|made|during the year|||||
||The following
additional
commitments
to future payments|||2023|2022|
||have been recognised
In these|accounts||||
||Equine Therapy Festina|||25,000||
||Canter Equine Assisted Therapy|||20,000||
||Rescue Ranch The way ofthe horse|||10,000||
||Redwings
RDA|||10,000||
||Total grants committed
during the year but not
April 2023||paid by 30th|65,000|142,120|
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|12.Grants and charitable
distributions,|12.Grants and charitable
distributions,|pledged|and committed|||
|---|---|---|---|---|---|
|The following
grants and charitable
April 2023||distributions|were pledged|by the Charity
but had|not been paid by 30th|
|||||2023|2022|
|||||E||
|Equine Therapy
Festina||||25,000||
|Canter
Equine Assisted Therapy||||20,000||
|Rescue Ranch The way of the horse||||10,000||
|Redwings
RDA||||10,000||
|Website Racehorse
Relief||||5,556||
|Total amount
due under obligations
2023||existing as|at 30th April|70,556|253,924|
|Amounts
due within one year||||70,556|253,924|
|Total amount
due under obligations
2023||existing as|at 30th April|70,556|253,924|
|13.Management
and administration|ofthe Charity|||2023|2022|
|Managing
Trustees fees||||109,996|104,996|
|Auditors
remuneration||||4,200|4,200|
|Other costs||||10,596|1,120|
|||||124,792|110,316|
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|---|---|---|---|
|16.Fixed Asset Investments||2023|2022|
|Balance brought
forward||3,520,534|4,161,616|
|Add: additions
to investments
at cost
Disposals at carrying
value
Unrealised
(losses) / gains on investments||2,381,171
(3,893,832)|376,966
(1,096,388)
184,161|
|Increase/(Decrease)
in cash deposits
included
in the Investment
Portfolio|and accrued income|(88,286)|(105,821)|
|Market value as at 30th April 2023||1,919,587|3,520,534|
|Fixed asset investments
are comprised|of:|2023|2022|
|Equities
Fixed Interest Securities||1,890,410|1,604,456
740,017|
|Investment
Funds|||368,177|
|Alternative
Investments
Cash held within the Investment
portfolio||29,177|690,422
117,462|
|Market value as at 30th April 2023||1,919,587|3,520,534|
|17.Debtors||2023|2022|
|Prepaid
lunch Expenditure||6,068|5,730|
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|18.Creditors|-Amounts|-Amounts|due within one year|due within one year|2023|2022|
|---|---|---|---|---|---|---|
|Accruals|for Grants||payable|( Note 12)|70,556|253,924|
|Other creditors|||||4,200|6,200|
||||||74,756|260,124|
|19.Reserves|||||2023|2022|
|General|purpose|fund|||1,950,176|3,332,987|
|20.Cash and cash equivalents|at the year end|2023|2022|
|---|---|---|---|
|Cash held within
Investment
Portfolio
Cash held for operating
activities||29,210
99,278|117,462
66,847|
|||128,488|184,309|
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