THE CHARLES PEEL CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2023
THE CHARLES PEEL CHARITABLE TRUST INDEX TO ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2023 Page Trustees, Report Independent Examiners, Report Income Account Capital Account Statement of Assets and Liabilities Schedule of Donations Schedule of Investment and Income 8-13
THE CHARLES PEEL CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED STH APRIL 2023 The Trustees present their report with the financial statement5 for the year ended 5th April 2023. Reference and Adrninistrative Detatls of the Charlty. Its Trustees and Advlsers Trustees Charles David Peel Catherine Anne Peel Judith Margaret Cuxson David Pickard Thomas David Peel Principal Office Veale Wasbrough Vizards LLP 24 King William Street London EC4R 9AT Charlty Number 1087249 Sollcitors Veale Wasbrough Vizards LLP 24 King William Street London EC4R 9AT Independent Examiner Jame5 Gare DChA FCA Monahans Hermes House, Fire Fly Avenue Swindon, Wiltshire SN2 2GA Investment Advisers Rathbones Investment Management Ltd 8 Finsbury Circus London EC2M 7A1 Structure. Governance and Management Governing Document The Charity Trust is governed by a Trust Deed dated 16th February 2CQI Page I
TIIE CHARLES PEEL CHARITABLE TRUST TRUSfEES' REPORT FOR THE YEAR ENDED 5TH APRIL 202 Rlsk Revlew The TruMees have assessed the major rlsks to which the Trust is exposed and fed that all appropriate steps have been taken to mitigate these risks. Objects and Artr4it1es The object of the Trust is to apply the income and all or part of the capital at such time and In such manner for the advancement ol education for the benefit of ihe community or such other exclusively Charitab objects and purposes a5 the Trustee5 may in their ab501ute discretion think fit. Publlc a•n•fft The Trtsstees have paid due regard to the Charity Commi5si0n's 8uidance on public benefit in decldin8 what actSvities the Charity should undertake. The Trustees consider that they have atted irt the public benefit. Achbevemeffl$ and Perf0mnce Donations amountin8 to £49,CK)J werè madt during the y•r to 5th April 2023. Income received durin8 the year to 5th April 2023 amounted to £26,795.21 before expense5. Flmntlal Revlew In¥estments- At the 5th April 2023 the market value tsl the Trust investment5 managed by Rathbones Investment Man4emènt Limited stood at É1.070,505 and they also held cash funds iotallin6 £70,506.59. The trustees also held Cash lunds of É20,669,13 with C Hoart & Co. Reser¥5 Polky- It Is not the Tru5tee5' intention to hold 54nificant reserves of income but to dlstribute such sums at the Trustee Annual Mthin8. pla lor th• Fuiure Perbods The Trusteès will continue to l¢)ok for opportunities to assist beneficiarie5 and to maximise the Income available to make such grants. Si8ned on behalt of ihe Trusiees OA CDW- Mrs J M pa Mrs C A Pe¢1 D Plckanl TOP•el Page 2
IMDEPEMDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE ELC1&4RITABLE TRUST I report on the Accounts of the Trustfor the year ended 5th Awil 2023 whith are set aut on pages 4 to 6 Respertwe Re5pon5ibilities of Trnee5 and EIeT The Charity's Trustees are resw)ns1b lorthe prepawation of the Act(wnts. The Charrty's Trustee5 conSer that an audit is not required for this year under sertH)n 144121 of th Charitie5 Art 2011 (the 2011 Acil and that an Independent Examiw is needed. It is my responsibility to". examir the ACCInIS urthrsectKJn 14S of the 2011 Act.. to folk)w the prc<edures laid do¥m in the General DIrettnS &en by the Charity Commission urKler section 1451Sllbl of the 2011 Art- and to stste whether partKukr manets have come to my attentN)n. asls of the Independeni Exam¢s Rep M¥ examinats)n was tarried out In aCcOrdae with the General Dirertionseiven the Charity Commissioners. An Èxamination irKludes a review of the acc(wntinE records kept by the Chartyand a tomparison ol the kcounts presented with those records. It also includes considÈration of afiy unu5al itern5 or disclosurers In the Accounts. and the seeking l èxplanatlons frorn you as Trustee5concerning any such matters. The procedures undertaken do not pro¥e all the even¢t that woukl required in an audit and. con5equentty. I do not express an audr( opinK)n on the eW8N bytt A(ctyJnts. Independent EMamhW$ 5t•temert In connertion wrth my emamirwtion, no matter has (ome to my attenthx.. whKh gi5 me reasonable cause to belIe thai in any matenal resF¢ the requ1Ments= to keep actitid rÈcowds in attOTdantÈ with section 130of th2 2011 Att; and its prepareAttountswhi¢h cord with accounting tld5 arxl to compty with the oUntIng requirements ()F Act have not rnet,. or to Whh. in wropinion. attentJn should be drawn in ordertoenable a pr0perurerStsnd1ng0f the Accour reI*d. Ja5 fjare DCHA FCA Monèhans Chartered A£countants Hemies House Fire Fly Avermje Swindon SN2 2GAS 8 January 2024 Pa8e 3
ThE CHARLES PEEL CHARITABLE TRUST RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2Q23 UNRESTRICTED INCOME ACCOUNT 2023 2022 RECEIPTS Interest Reteived 526.75 Dividends etc (Page 7 to 131 Transfer from capital account 26,268.46 25,978.79 24,517.35 33,172.65 TOTAL RECEIPTS 52,774.IXJ 57,690.00 PAYMENTS Donations 49,000.00 54,000. Administration Cost5 Monahans - Independent Examiners Fee Veale Wasbrough Vizard5- income fees C Hoare & Co bank charges 954.00 2,4&J.00 360. 930.00 2,400.00 360.00 t4ET PAYMENTS 52,774. 57,690.00 Excess Ideficitl of receipts and payments Cash funds at 5 April 2022 CASH FUNDS AT 5 APRIL 2023 Page 4
THE CHARLES PEEL CHARITABLE TRUST RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDEO 5TH APRIL 2023 UNRESTRicfED CAPITAL ACCOUNT 2023 2022 RECEIPTS Proceeds from sale of investments 115,595.60 48,285.39 TOTAL RECEIPTS 115,595.60 48,285.39 PAYMENTS Purchase of shares Rathbones- Management fees Veale Wasbrou8h Vizards - Administration fees Transfer to income account 45,407.68 6,010.22 1.380.00 25,978.79 33.827.41 6,378.36 1.320.00 33,172.65 NET PAYMENTS 78,776.69 74,698.42 (Deficit) Excess of receipts over payments Cash f unds at 5 April 2022 36,818.91 54,406.82 126,413.031 80,819.85 Cash funds at 5 April 2023 91,225.73 54,406.82
THE CHARLES PEEL CHARITABiE TRUST STATEMENT OF AS AND UABIUTIE AT 5TH APRIL 2023 2023 2022 INVESTMENT ASSETS 1.070,SOS. 1,187,368.00 CASH FUNDS Capital Account 91,225.73 54,406.82 Income Account 91,225.73 54,406.82 1,161.730.73 1,241,774.82 Page 6
THE CHARLES PEEL CHARITABLE TRUST YEAR ENDED 5 APRIL 2023 Donations- St Edmund Hall Royal College of Music Norwich School OAE Glyndebourne RIBA1Student Hardship Fund) 10,000.00 10,000.00 10,000.00 6,000.00 7,000.00 6,000.00 Total donations 49,000.00 Page 7
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