THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Report and Financial Statements for the year ended 30th April 2024

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Report and Financial Statements
for the year ended 30th April 2024
CONTENTS
Page
Legal and Administrative Information
2 - 5 Annual Report of the Trustees
ststement of Financial ActNities
Balance Sheet
Statement of Cash Flows
9- 17 Notes to the Accounts
18 Independent Examiners Report

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Report and Financial Statements
for the year ended 30th Aprll 2024
Charity name
The Sir Peter O'sullevan Charitable Trust
Charty registration numb 1078889
Address
The Old School
Bolventor
Launceston
CornvRII PL15 7TS
Management Committee Geoffrey Hughes
Michael Dillon
Nigel Payne MBE
Trustees
Michael Dillon
Nigel Payne MBE
Geoffrey Hughes
Michael KeTh-Dineen
John Mcmanus
Sir Anthony Mccoy OBE
Died￿ Flood
Administrator
Nigel Payne MBE
Investment Managers
Vermeer Partners. 130 Jermyn Street, London SW1 Y 4UR
Quilter Cheviot, One Kingsway. London WC28 6AN (until December 2019)
Auditors I Independent
Examiners
C Jezierski Associates. Chiswick, London W4 2LR
Bankers
Weatherbys Bank Limited
Sanders Road
Wellingborough, Northamptonshire NN8 4BX
Website
IlwwN.thevoiceofracin
Page 1

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Annual Report for the year ended 30th Aprll 2024
The Trustees present their Report for the year ended 30th April 2024.
The Charity was established by Trust Deed dated 24th August 1999 and is registered with
the Charity Commission, the registered number is 1078889.
Objectives, Organisation and Activities
The Sir Peter O'sullevan Charitable Trust was established to provide funds for the
welfare of animals, particularly horses. These funds were raised principally from The Sir
Peter O'sullevan Annual Award Lunch.
Benefiting Charities:
Since it's inception in 1997 the Trust has supported Peter's six favourite causes:
Blue Cross - sick, injured and homeless pets have relied on Blue Cross since 1897.
Brooke - a global charity that protects and improves the lives of horses. donkeys and
mules which give people in the developing world the opportunity to work their way out of
povety.
Compassion in World Farming - is the leading fann animal welfare charity.
Racing Welfare - is a registered charity supporting the Workfor￿ of British horseracing.
The British Thoroughbred Retraining Centre - was founded in 1991 with Peter as its first
Patron and is the oldest Centre dedicated to the retraining and rehoming of retired
racehorses.
World Horse Welfare - an international charity that promotes good welfare across the full
spectrum of the horse world.
Peter wished his Trustees to continue to support these six wonderful charities but also to
offer funding elsewhere which The Trustees now base on two criteria: firstly, would Peter
have wanted to support this cause and secondly, does the donation create a legacy to his
name?
The Trust has supported many causes in the main, but not exclusively, related to equines
or the racing industry. Close to £15 Million has now been committed since the inception of
the Trust.
Page 2

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Annual Report for the year ended 30th Aprll 2024
Trustees
The Trustees of the Trust are:
Michael Dillon - Media Consultant
Nigel Payne MBE- Trust Administrator
Geoffrey Hughes - Proprietor, Osborne Studio Art Gallery
Michael Kerr- Dineen - Company Director
John Mcmanus - Company Director
Sir Anthony Mccoy OBE - Broadcaster
Diedre Flood - Financial Director
The Managing Committee is appointed with the officers being selected from the Trustees
and Administrators.
Legacy from the late Sir Peter O, Sullevan Dec'd
The Trust is the beneficiary of a legacy from Sir Peter O'sullevan. This will ensure that
the Trust will be able to continue its support for the animal welfare causes and other
causes to which it is dedicated for some time to come.
Review of progress and achievements
The Trust's fund-raising activities continued during the year, in particular the Trust was
able to hold the 26th Sir Peter O'sullevan Charitable Trust Award Lunch for 2023 at the
Dorchester on 30th November. The 2023 Award was presented to Nicky Henderson OBE
by the previous award winner.
The Trust has continued to both support the causes to which it is dedicated during the
year and additionally provided some help to those in need where such assistance is in
line with the overall objectives of the Trust.
The Trust has established its grant making policy to achieve its objectives for the public
benefit having had regard to the Charities Commission guidance and to reduce
operational risk. Grants are made if the Trustees unanimously agree that the grant is for
the public benefit and that the late Sir Peter O'sullevan would have wanted to support
the cause receiving the donation.
Page 3

THE SIR PEfER O'SULLEVAN CHARITABLE TRUST
Annual Report for the year ended 30th April 2024
Finances
The attached financial statements show the state of finances for the year ended 30th
April 2024 which the Committee consider to be sound.
Reserves Policy
The management committee has a policy of distributing the maximum available to the
beneficiary charities whilst retaining sufficient funds to meet all foreseeable commitments
within the coming years and avoiding all risk.
Bankers
The Charity's bankers are Weatherbys Bank Limited at Northampton. During the year
Weatherbys, (the organisation that administrates the horseracing industry) continued to
provide free banking services to the Trust for which they are immensely grateful.
Investment Managers
The Charity's Investment Managers are Vermeer Partners, 130 Jermyn Street, London
SW1Y 4UR who are instructed to manage the investments on a discretionary basis to
achieve income and capital growth. The Trustees consider the variability of investment
returns to be the charity's major financial risk. The Trust has a policy to diversify
investments to redu￿ risk.
Auditors
The Auditors of the Trust are C Jezierski Associates, Registered Auditors and Chartered
Certified Accountants.
Trustees, responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees, annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Stsndards
(United Kingdom Generally Accepted Accounting Practice). The law applicable to
charities in England and Wales requires the charity trustees to prepare financial
statements for each year which give a true and fair view of the state of affairs of the
charty and of the incoming resources and application of resources, of the charity for that
period. In preparing the financial statements, the trustees are required to:
• select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
Page 4

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Annual Report for the year ended 30th April 2024
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any
material departures that must be disclosed and explained in the financial statements;
prepare the financial statements on the going concem basis unless it is inappropriate to
p￿SuMe that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable acGuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed.
They are also responsible for safeguarding the assets of the charity and taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial
information included on the chaiity's website in accordan￿ with legislation in the United
Kingdom goveming the preparation and dissemination of financial statements.
Approved by t
Trustees on
3iJ
2025 and signed on their behalf by:
Nlgel P
Date
TRUSTEE
Page 5

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Statement of Flnanclal Actlvltles
for the year ended 30th April 2024
2024
Unrnstrlcted fund8
2023
Unrestricted funds
Notes
Incomlng r•sour¢e8
Incomlng resources from genorated funds
Voluntary income
Donations and othèr
lega¢ies
74,750
87.469
Activities for generating
fvnds
Fund raising lunch and
auction
222,450
188.025
Christmas card sales
17,804
29,608
Investment income
Dividends and Interest
received
82,377
89.984
Total incoming resources
397.381
395.086
Resources Expended
Cost of generating funds
Fundraising trading costs
Fund raising lunch and
auction costs
147,689
143.030
Costs of Sales
16,664
17.977
Fundraising and publicty
Investment management
costs
20,847
21,667
9.194
15.541
Total cost of generating funds
194,394
198,215
Expenditure on Charitable activities
Grants and Donations
7- 12 1.030.491
1.254.500
Governance costs
Management and administration of the Charity
13
125.055
124,792
Total resources expended
1,349,940
1.577.508
Net (outgoing) resources
(952,559)
(1.182,422)
Net Gains l (Losses) on Investments
(610)
{200.389)
Fund balances brought fopNard
1,950,176
3.332,987
Fund balancos carrled forward
20
997.007
1,950.176
The notes on pages 9 to 17 form part of these accounts.
Page 6

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
BALANCE SHEET
for the year ended 30th Aprll 2024
30th Aprll 2024
30th Aprll 2023
Fixed Assets
Investrnents
16
1.042.159
1,919,587
Current Assets
Cash at bank
Debtors
93,393
17,811
99,278
17
111,204
105.346
Creditors:
amounts falling due within
one year
18
156.356
74,756
Net current assets
(45,152)
30.590
Creditors:
amounts falling due after one
year
19
Net assets
997,007
1.950.177
Represented by..
FUNDS of the Charlty
997.007
1.950,176
Unrestricted funds
20
997.(K17
1.950.176
Nigel Payne
BE
TRUSTEE
Pag8 7

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
ststement of Cash Flows
for the year ended 30th Aprll 2024
2024
Not•$ Total funds
2023
Total funds
Cash flows from Investing activities
Cash infows:
Sale of investments
1,889,805
3,694,012
Interest and dividends
82,377
89,984
Purchase of Investments
Inveslment management costs
(2,381,171)
(15,541)
(9,194)
Cash flows from investing activities
1,962.988
1.387.284
Cash flows from operdtlng activities
Net cash Inflows
Donations and proceeds from fund raising adivities
307.925
305.101
Cash oufflows:
Charitable Grants and donations paid
{948,891)
{1.437.868)
Fundraising and cost of fundraising events
(189,903)
(181,450)
Other expenditure
(125,055)
(128.888)
Net cash flows from operating activities
(955.924)
(1.443.105)
Net Cash Flow
1.007.064
(55,821)
Cash and cash equivalents brought forward
128.488
184.309
Cash and osh equivalents carried forward
21
1.135.552
128,488
The notes on pages 9 to 17 forni part of these accounts.
Page 8

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Notes to the Accounts
for the year ended 30th April 2024
1. Ac¢ountlng Policies
The accounts (financial statements) have been prepared under the historical cost convention
with items re¢ogni$ed at cost or transaction value unless othetwise stated in the relevant
note(s) to these accounts. The financial statements have been prepared in accordance with
the Statement of Recommended Practice.. Accounting and Reporting by Charities Preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102) issued on the 16th July 2014 and the Charities Act 2011.
The Trust constitutes a public benefit entity as defined by FRS 102.
Ba$is of accounting The Trustees consider that there are no material uncertainties about the Trust's ability to
continue as a Going Concern.
Fixed assets
Investments
Investments are a form of basic financial instrument and are initially recognised at their
transaGtion value and subsequenlly measured at their fair value as at the balance sheet date
using the closing quoted market pri￿. The statement of financial activities includes the net
gains and losses arising on revaluation and disposals throughout the year.
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 r￿e1ve the resources and the
amount can be quantified with reasonable accuracy. The following specific policies are
applied to particular categories of income.
Recognltion of
incomlng resources
Donations and
legacies
Voluntary income received by way of donations and legacies is only included in the SOFA
vthen the charity has unconditional entitlement to the resources.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facllltles
expended) where the benefrt to the charity is reasonably quantrfiable, measurable and
material. The value placed on these resources is the estimated value to the charity of the
Servi￿ or facility provided.
Investment in¢ome
Investment income is induded when re￿1Vable.
Incomlng resources
wlth relatsd
expenditure
Where incoming resources have related expendiiure (as with fundraising or ¢ontract in¢ome)
the incoming resources and related expenditure are reported gross in the SOFA.
EXPENDITURE AND LIABILITIES
Liability recognltlon
Liabilities other than charitable grants and distribtions are recognised as soon as there is a
legal or constructive obligation committing the charity to pay out resources.
Goveman¢e ¢08ts
Include costs of the preparation and audii of the statutory ac¢ounts. the costs of trustee
meetings and cost of any advice lo the Twstees on govemance or constitutional matters.
Page 9

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Notes to the Accounts
for the year ended 30th April 2024
2. Donatlons and oth•r legacies received
2024
2023
Donations received
74,750
87,469
74,750
87,469
3. Fund raising lunch
2024
2023
Ticket Sales
Auction proceeds
Sponsorship
91,450
121,000
10.000
63.525
104,500
20.0
Gross proceeds of fund raising lunch
222,450
188,025
Fund rdlslng lunch costs
2024
2023
Catering and other lunch costs
Costs of goods auctioned
130,804
16,885
135.117
7,913
Costs of fund raising lunch
147.689
143,030
Net proceeds from fund raising lunch
74.761
44.995
4. Christmas cards. book and memorabllla Sales
2024
2023
Christmas cards. book, memorabilia and print sales and book
advances
Christmas card production and distribution costs
17.804
29,608
16.664
17,977
Net proceeds from sales of Christmas Cards, memorabilia and
prints
1,140
11,631
Page 10

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Notes to the Accounts
for the yoar ended 30th April 2024
5. Investment Income
2024
2023
Dividends and interest
Other income
82,377
89,984
82,377
89,984
6. Fundrai$lng and publicity
2024
2023
Newbury Racecourse
Other fundraising and publicity costs
20,400
447
20.400
1,267
20.847
21.667
7. Grants and charttable distributions
2024
2023
The following grants and charitable distributions have been
committed by the Charity during the year.
Annually recurring grants { Note 8)
120.0(M)
150.000
Grants for specific projects and other good causes commiitted
and paid during the year ( Note 10)
763,891
1.039.500
Payments made during the year to meet previous commitments
(Note 9)
65,000
248.368
Total payments made during the year
948,891
1,437,868
Grants for specific projects and other good causes committed
during the year but not paid by 30th April 2024 ( Note11)
146,61)0
65,CM)O
Payments made during the year to meet previous commitments
(65,1)00)
(248,368)
Grants and distributions for the year
1,030.491
1,254.500
Page11

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Notes to the Accounts
for the yoar ended 30th April 2024
8. Annualty recurrlng grants
2024
2023
The Brooke
Worfd Hors8 Welfare
Compassion in World Famiing
Blue Cross
The British Thoroughbred Rehabilitation Centre
Racing Welfare
20,000
20,000
20,000
20.LM)O
20,000
20,000
25,000
25.Crf)O
25,000
25.000
25,IXIO
25.000
Total paid during the year
120,000
150.OCM)
The above are annual grants which the Trust has made every year since its inception in 1999 from its income.
These payments have been made every year from the prO￿edS of the Trusvs fvnd 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
dunno the vear
Payments made during the year to meet prevlous commitments
2024
2023
Equine Therapy Festina Lente
Canter Equine assisted leaming
The VAY of the horse invoice
Redwings Horse sanctuary
25.000
20.000
10.000
10.000
Totsl payments made during the year to meet previous
commitments
65,000
248,368
10. Grants for speclflc projects and other good causes
paid durina the vear
2024
2023
Payments committed and paid during th• year
Injured Jockeys fund 05 Jan 24
IJF 11 Jul 23
The Brook 15 Jan 24
225,000
40.OCM)
35,0
RarRhorse Trainers Ben 29 Feb 24
Retraining of racehorses 08 Feb 24
Northern Racing College 15 Aug 23
28.000
23.600
20.000
Sub total
371,600
Page 12

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Notes to the Accounts
for the year ended 30th Aprll 2024
10. Grants for spe¢lfi¢ projects and other good causes
Dald dunno the vear (Gontinuod)
2024
2023
Payments commltted and pald during th• year
{contlnued)
371,600
Dare to Live 03 Nov 23
horseworfd Trust 13 Dec 23
Park Palace Ponies 05 Jan 24
Horseback UK Ltd Inv 18223 23 Feb 24
WHW grant agreed 119 23 11 Sep 23
HEIR via Mare & Foal Snctuary 04 Sep 23
British Horse Society 20 Oct 23
Hill pony resources group 10 Nov 23
Autism in Racing
Strength and Leaming 23 Feb 24
RDA Knightsbridge 23 Feb 24
New Beginnings 26 Feb 24
Canter Equine assisted leaming 27 Feb 24
Ride High Equestrian 29 Feb 24
RTS Educaton Program 04 Apr 24
Raysteded Animal Welfare 08 Apr 24
Retraining of Racehorses 18 Jan 24
Urban Equestrian Academy New site development agreed 4 10 .'
horse sense Wirral 14 Nov 23
Graham and Rebecca 05 Dec 23
Racing to Relate 05 Dec 23
RDA Newbury 23 Feb 24
The way of the horse invoice TWO TH 26 Feb 24
Healing hooves 14 Mar 24
Cotswold RDA 27 Feb 24
RDA Fairlight 23 Feb 24
PFL4 Pony 23 Jun 23
Happy Hooves 21 Aug 23
Jockeys Education and Training 07 Dec 23
RDA Duchy 30 Apr 24
Great British racing limited 08 Aug 23
Jill Phipps associazione anti hardship payment 25 May 23
N B Horses TA New Beginnings 04 Dec 23
irnmersive interactive 28 Sep 23
Carly Jones MBE autism 28 Sep 23
20,000
20,000
20.wo
20,000
18.000
15,¢XJO
15.Crf)O
15,000
15,000
15,000
15,000
15,000
15,000
15,000
15.000
12,963
11.800
10,000
10.000
10.000
10,000
10.000
10,000
9.600
8,950
8.CM)O
7,200
7.000
5,000
5.000
4,000
2,000
1,250
1,050
478
Total payments committed and paid during the year
763,891
1,039,51)0
Total payments during the year for specific projects and other
good causes
978,891
1,467,868
Page 13

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Notes to the Accounts
for the yfrar ended 30th Aprll 2024
11. Grants for speclflc projects and other good causes
made durlna the vear
Tho following commltments to future paym•nts have been
recognised In these accounts
2024
2023
Mental Heatth Programme NTF 489
Lamboum open day POSLOD 484
Equne Therapy and more CANter 488
HEIRegister HEIR l Bracher 504
New RDA Horse Cambs RDA 498
Annual Website allowancre NRW 507
56,000
50,000
21,600
10,000
5,000
4.01)O
Totsl grants committed during the year but not paid by 30th
April 2024
146.600
65,000
These grants are mostly for specrfic projects which do not recur and hence comparative figures are not
appropriate. Some grants are made in instalments or annual tranches and these future commitments are
included in the accounts if the commitrnent to pay these grants was rnade before 30th April 2024 and the
amount of the fvture payments can be ascertained with reasonable accuracy.
The Trust makes an annual payment to the WHW Annual conference of £12.000 pa which is included in the
accounts when paid. These accounts do not, however, include future commitments for this support.
All grants and tharitable distributions have been paid to institutions.
These include the continued support of charitable causes vthich its late founder and benefactor, the late Sir
Peter O'sullevan supported personally.
Page 14

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Notss to the Accounts
for the year ended 30th Aprll 2024
12. Grants and charitable distributions, pledged and ¢ommltted
The following grants and charitable distributions were pledged by the Charity but had not beén paid by 30th
April 2024
2024
2023
Equine Therapy Festina Lente
Was 353 Equine Therapy
Rescue Ranch The Way of the Horse
Redwings RDA
Website Racehorse Relief
Mental Health Programme NTF 489
Lamboum open day POSLOD 484
Equne Therapy and more CANter 488
HEIRegister HEIR l Bracher 504
New RDA Horse Cambs RDA 498
Annual Website allowancre NRW 507
25,OCrf)
20,000
10.000
10,000
5.556
5,556
56,000
50.000
21,600
10.(MJO
5,000
Total amount due under obligations existing as at 30th April
2024
152.156
70.556
12. Grants and charitsble distributions, pledged and committed
2024
2023
Amounts due within one year
Amounts due after one year
152,156
70,556
Totsl amount due under obligations existing as at 30th April
2024
152,156
70.556
13. Management and administratlon of the Charity
2024
2023
Managing Trustees fees
Gallery administrators fee
Auditors remuneration
Other costs
100.036
6.oc
4.617
14.402
109.996
4,200
10,596
125,055
124,792
Management costs of £66.680 and Consultancy of £33,336 were paid to N P Racing and Earth Summit
Marketing Ltd, two businesses conneded to the current administrator of the Charity and Truste8 Mr. N Payne.
The fees were at the rate of £8.333 per month. There are also expenses paid to N P Ra¢ing amounting to
£8,655.
Page 15

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Notes to the Accounts
for the year ended 30th April 2024
14. Trustees Remunerailon and fee8 to connected person8
Management fees of £6.000 were paid to GCS Hughes Advisory Services in ￿spe￿ of services provided by Mr
G Hughes who Is a Trustee.
No other remuneration was paid to the Trustees during the year and no salaries were paid during the year.
15. Rtlatsd party transactlons
Expenses were paid to the businesses connected to Mr Payne referred to above during the year. All of these
expenses relate directly to publicity. the fvnd raising lunch and auction costs.
Mr GeOff￿Y Hughes was also a Trustee of World Horse Welfare until 3rd December 2019. Payments have
been made by the Trust to World Horse Welfare as shown in notes 8 to 10 above.
The Trusvs investments are managed by Vermeer Partners of which Mr Michael Ke￿-Dineen. a Trustee. is
Chairman. The investment management fees paid to Vermeer Partners totalled £9,194 (2023 £15.541).
A relative of a Trustee donated £74.500 (2023 £75,000) and made purthases of £25.500 (2023 £25.000) at the
auction.
16. Flxed Asset Investments
2024
2023
Balan￿ brought forward
1.919.587
3.520.534
Add= additions to investments at cost
Disposals at carrying value
Increasel(Decrease) in cash deposit5 and accrued income
included in the Investment Portfolio
2.381.171
(3,893,832)
(1.890.410)
1,012,982
(88,286)
Market value as at 30th April 2024
1,042,159
1,919,587
16. Fixed Asset Investments (contlnued)
2024
2023
Fixed asset investments are comprised of..
Fixed Interest Securities
Cash held within the Investment portfolio
1,890,410
29,177
1,042,159
Market value as at 30th April 2024
1.042.159
1,919,587
Page 16

THE SIR PETER O'SULLEVAN CHARITABLE TRUST
Notss to the Accounts
for the year ended 30th Aprll 2024
17. Debtors
2024
2023
Prepaid lunch Expenditure
Debt due from Paypal for Christmas card sales
10.733
7.079
6.068
17.812
6,(￿8
18. Credltors . Amounts due within one year
2024
2023
Accruals for Grants payable ( Note 12)
Other creditors
152,156
4,200
70,556
4.200
156,356
74.756
20. Reserves
2023
General purpose fund
997.007
1.950,176
21. Reconciliation of net movement in funds to net cash flow
2024
2023
Cash held wiihin Investment Portfolio
Cash held for operating activities
1.042.159
93,393
29.210
99,278
21. Cash and cash equlvalents at the year end
1,135,552
128.488
Page 17

THE SIR PETER O'SULLEVAN CHAIUTABLE TRUST
Independent Exgminer•s Report to the Trustees of the Slr Peter O'sullevan Charltable
Trust
I report on the accounts of the charity for the year ended 301h April 2024 whieh are set out on
pages I to 17.
Respective responsibilitie5 of trustees and examiner:
The charity's trustees are Te5ponsible for the preparation of the accounts. The charity's trusttts
consider that an audit is not required for this year under section 144 of the Charities Act 2011
(the Act) and that an independenl examination is needed.
It is my responsibility to-
examine the a¢¢ount5 under section 145 of the Act:
follow the procedures laid down in the General Directions given by the Charity
Commission under section [specific section] of the ACL and
stat¢ wh¢th¢r particular mattcrs have com¢ to my attention.
Basis of independent examiner's report
My examination was Ca￿led out in accordance with the General Directions given by the Charity
coll1missio￿ An examination includes a review of the accounting trcords kept by the charity
and a comparison of ihe accounts presented with those records. It also includes consideration of
any unusual items or disclosures in the accounts, and seeking explanations from you as truste£s
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit and consequently l th) not expTrss an audit opinion on the view
given by the accounts.
Independent examin¢r's statement
In connection with my examination, no matter has come to my attention:
which gives me Teasonablc cause to b¢li¢v¢ that in any material respeci the
requir¢ments'.
to keep arcounting records in accordance with section 130 ofthe Act. and
to prepare accounts which accord with the accounting records and comply with the
a¢countAng requirements of the Act have not been met. or
to which, in my opinion, attention should b¢ drawn in order to enable a Proper
of the a¢wunts to be reached.
I,) td,.
Il
Colum lan J
ierski FCCA (Senior Statulory Auditor)
For and on behalf of C Jezierski A&wciates
Chartered C¢rtifi¢d Accountants and sts￿￿ry Auditors. London W4 2LR
Page 18