## THE CHARLES PEEL CHARITABLE TRUST ## ACCOUNTS FOR THE YEAR ENDED STH APRIL 2025 Veale Wasbrough Vizards LLP 24 King William Street London EC4R 9AT VWV:& ## THE CHARLES PEEL CHARITABLE TRUST INDEX TO ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025 ||Page| |---|---| |Trustees’ Report|1-2| |Income Account|3| |Capital Account|4| |Statement of Assets and Liabilities|5| |Schedule of Donations|6| |Schedule of Reconciliation|7| |ScheduleofIncomeandInvestments|8-13| ## THE CHARLES PEEL CHARITABLE TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 5TH APRIL 2025 The Trustees present their report with the financial statements for the year ended Sth April 2025. ## Reference and Administrative Details of the Charity, its Trustees and Advisers ## 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 ECAR 9AT Charity Number 1087249 Solicitors Veale Wasbrough Vizards LLP 24 King William Street London EC4R SAT ## Investment Advisers Rathbones Investment Management Ltd 8 Finsbury Circus London EC2M 7AZ Structure, Governance and Management Governing Document The Charity Trust is governed by a Trust Deed dated 16th February 2001 1 ## THE CHARLES PEEL CHARITABLE TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 5TH APRIL 2025 ## Risk Review The Trustees have assessed the major risks to which the Trust is exposed and feel that all appropriate steps have been taken to mitigate these risks. ## Objects and Activities 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 of education for the benefit of the community or such other exclusively charitable objects and purposes as the Trustees may in their absolute discretion think fit. ## Public Benefit The Trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the Charity should undertake. The Trustees consider that they have acted in the public benefit. ## Achievements and Performance Donations amounting to £49,000 were made during the year to Sth April 2025. Income received during the year to 5th April 2025 amounted to £29,422.52 before expenses. ## Financial Review Investments - At the 5th April 2025 the market value of the Trust investments managed by Rathbones Investment Management Limited stood at £1,170,012 and they also held cash funds totalling £11,042.53. The trustees also held cash funds of £33,468.84 with C Hoare & Co. Reserves Policy - It is not the Trustees intention to hold significant reserves of income but to distribute such sums at the Trustee Annual Meeting. ## Plans for the Future Periods The Trustees will continue to look for opportunities to assist beneficiaries and to maximise the income available to make such grants. Signed on behalf of the Trustees on **----- Start of picture text -----**
CD Peel MrsJM Cuxson
Mrs CA Peel D Pickard
‘ ‘ /
/UCe
T D Peel
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2
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE CHARLES PEEL CHARITABLE TRUST
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| report on the Accounts of the Trust for the year ended Sth April 2025 which are set out on pages 4 to6
Respective Responsibilities of Trustees and Examiner
The Charity's Trustees are responsible for the preparation of the Accounts. The Charity's
Trustees consider that an audit is not required for this year under section 144(2) of the
Charities Act 2011 (the 2011 Act) and that an Independent Examiner is needed.
Itis my responsibility to:
° examine the Accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity
. Commission under section 145(5)(b) of the 2011 Act; and
. to state whether particular matters have come to my attention.
Basis of the Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the
Charity Commissioners. An examination includes a review of the accounting records kept
by the Charity and a comparison of the Accounts presented with those records. It also
includes consideration of any unusual items or disclosures in the Accounts, and the seeking
of explanations from you as Trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit and,
consequently, | do not express an audit opinion on the view given by the Accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
1 which gives me reasonable cause to believe that, in any material respect,
the requirements:
° to keep accounting records in accordance with section 130 of the 2011
Act; and
°
to prepare Accounts which accord with the accounting records and to
comply with the accounting requirements of the Act
have not met; or
to which, in our opinion, attention should be drawn in order to enable a proper understanding of the Accoun
2 reached.
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James Gare DCHA FCA
Monahans Chartered Accountants
Hermes House
Fire Fly Avenue
Swindon
SN2 2GA
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ind Exam Report
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THE CHARLES PEEL CHARITABLE TRUST RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025 UNRESTRICTED INCOME ACCOUNT ||2025|2024| |---|---|---| ||£|£| |RECEIPTS||| |C. Hoare & Co Bank & Rathbones||| |Interest Received|752.87|898.33| |Dividends etc (Page 7 to 13)|28,669.65|27,281.09| |Transfer from capital account|19,937.48|24,720.58| |TOTAL RECEIPTS|49,360.00|52,900.00| |PAYMENTS||| |Donations|49,000.00|49,000.00| |Administration Costs||| |Monahans - Independent Examiners Fee|-|1,080.00| |Veale Wasbrough Vizards - income fees|-|2,460.00| |C Hoare & Co bank charges|360.00|360.00| |NETPAYMENTS|49,360.00|52,900.00| |Excess (deficit) of receipts and payments|-|-| |Cash funds at 5 April 2024|-|-| |CASHFUNDSAT5APRIL2025|-|-| 3 ## THE CHARLES PEEL CHARITABLE TRUST RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025 UNRESTRICTED CAPITAL ACCOUNT ||2025|2024| |---|---|---| ||£|£| |RECEIPTS||| |Proceeds from sale of investments|249,251.39|35,859.96| |TOTAL RECEIPTS|249,251.39|35,859.96| |PAYMENTS||| |Purchase of shares|230,404.05|42,963.97| |Rathbones - Management fees|6,332.18|6,037.44| |Veale Wasbrough Vizards - Administration fees|-|1,380.00| |Transfer to income account|19,937.48|24,720.58| |Charge to adjust for previous year discrepancy|50.01|| |NET PAYMENTS|256,723.72|75,101.99| |(Deficit) Excess of receipts over payments|(7,472.33)|(39,242.03)| |Cash funds at 5 April 2024|51,983.70|91,225.73| |Cashfundsat5April2025|44,511.37|51,983.70| 4 **----- Start of picture text -----**
THE CHARLES PEEL CHARITABLE TRUST
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STATEMENT OF ASSETS AND LIABILITIES
AT STH APRIL 2025
2025 2024
£ £ £ £
INVESTMENT ASSETS 1,170,012.00 1,194,731.00
CASH FUNDS
Capital Account 44,511.37 51,983.70
Income Account - 44,511.37 - 51,983.70
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5 **----- Start of picture text -----**
THE CHARLES PEEL CHARITABLE TRUST
FOR THE YEAR ENDED 5TH APRIL 2025
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## Donations: £ St Edmund Hall 10,000.00 Royal College of Music 10,000.00 Norwich School 10,000.00 OAE 6,000.00 Glyndebourne 7,000.00 RIBA (Student Hardship Fund) 6,000.00 Total donations 49,000.00 6 **----- Start of picture text -----**
THE CHARLES PEEL CHARITABLE TRUST
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RECONCILIATION AS AT 5TH APRIL 2025 **----- Start of picture text -----**
£
Capital Cash 44,511.37
Income Cash -
44,511.37
Represented by:
Rathbones Capital account 9,103.25
Income account 1,939.28
C Hoare & Co 33,468.84
VWV client account
44,511.37
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NB: A VWV LLP Creditor of £3,840 is outstanding at Sth April 2025 for fees due during the year but not yet paid 7 THE CHARLES PEEL CHARITABLE TRUST SCHDULE OF INVESTMENTS AND INCOME FOR THE YEAR ENDED STH APRIL 2025 ## i ||||Additions|Additions||Disposals|||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||Holding|Book|Quantity|Cost|Quantity|Proceeds|Profit/|Holding|Book|Market|Net| |||Value|||||(Loss)||Value|Value|Income| ||06/04/24|06/04/24|||||||05/04/25|05/04/25|| |||£||£||£|£||£|£|£| |3i Group|||||||||||345.00| |OrdinaryGBPO.738636|1,000|5,974.46||||||1,000|5,974.46|35,290|305.00| |Abrdn Oeic Li|||||||||||706.02| |Abrdn InvGrd Corp Bd InstI S Dis|143,969.13|71,788.66|||||||||727.33| |Reorganisation 27/9/24|||||143,969.13|71,788.66||-|-||| |Abrdn Oeic Li|||||||||||698.54| |Abrdn Sterling Corp Bd P GBP Dis|||||||||||215.38| |Reorganisation 27/9/24|||69,155.24|71788.66||||69,155.24|71,788.66|65,559|921.22| |AllianceWitan (form Alliance Trust)|||||||||||397.20| |Ordinary GBPO.025|6,000|16,768.08|||||||||397.20| |Purchased 9/10/24|||3,930|40204.29|||||||538.40| |Equalisation 24/10/24||||||9.23|||||538.40| |Sold 29/10/24|||||1,930|23,125.87|12,054.48|8,000|45,891.75|86,560|| |Astra Zeneca plc|||||||||||310.40| |Ord USS0.25|400|10,824.47||||||400|10,824.47|43,232|672.00| |Barclays|||||||||||181.25| |Ordinary GBPO.25|6,250|23,360.45||||||6,250|23,360.45|15,628|343.75| |BNY Mellon Fund Managers Ltd|||||||||||255.17| |Newton Higher Inc W Net Instl Inc Nav|19,388.96|16,598.69||||||19,388.96|16,598.69|29,330|569.10| ||||||||||||233.35| ||||||||||||265.68| |Bunzl|||||||||||501.00| |OrdinaryGBPO.32142857|1,000|3,899.30||||||1,000|3,899.30|30,100|201.00| 8 THE CHARLES PEEL CHARITABLE TRUST SCHDULE OF INVESTMENTS AND INCOME FOR THE YEAR ENDED 5TH APRIL 2025 ||||Additions|Additions||Disposals|||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||Holding|Book|Quantity|Cost|Quantity|Proceeds|Profit/|Holding|Book|Market|Net| |||Value|||||(Loss)||Value|Value|Income| ||06/04/24|06/04/24|||||||05/04/25|05/04/25|| |||£||£||£|£||£|£|£| |Capital International Mgmt Co Sarl|||||||||||108.83| |Inv Co ofAmerica (L) Zgd USD|2,000|10,994.84||||||2,000|10,994.84|34,437|119.46| ||||||||||||117.51| ||||||||||||131.23| |F & C Investment Trust Plc|||||||||||337.50| |Ordinary GBPO.25|7,500|16,470.52||||||7,500|16,470.52|74,438|270.00| ||||||||||||270.00| ||||||||||||270.00| |Fidelity Investment Funds ICVC|||||||||||354.45| |Global Dividend Fund|15,000|28,737.85|||||||||217.50| |Reorganisation 19/11/24|||||15,000|28,737.85||-|-|-|223.50| |Fil Inv Services (UK) Limited|||||||||||| |AmericanW Acc Nav|750|9,746.24||||||750|9,746.24|50,603|| |Fil Inv Services (UK) Limited|||||||||||77.81| |Global Dividend R Monthly GBP Dis|||||||||||77.81| |Reorganisation 19/11/24|||32,695.07|28,737.85||||32,695.07|28,737.85|38,776|77.81| |Franklin Templeton Inv Fund|||||||||||54.00| |Global Bond
| MDIS Inc NAV|1,500|18,657.30||||||1,500|18,657.30|11,865|64.50| ||||||||||||61.50| ||||||||||||60.00| ||||||||||||58.50| ||||||||||||60.00| ||||||||||||61.50| ||||||||||||66.00| ||||||||||||63.00| ||||||||||||69.00| ||||||||||||64.50| ||||||||||||66.00| Herald Inv Trust Ordinary GBPO.25 2,000 6,047.90 2,000 6,047.90 35,760 iShares 129.44 9 THE CHARLES PEEL CHARITABLE TRUST SCHDULE OF INVESTMENTS AND INCOME FOR THE YEAR ENDED STH APRIL 2025 ||||Additions|Additions||Disposals|||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||Holding|Book|Quantity|Cost|Quantity|Proceeds|Profit/|Holding|Book|Market|Net| |||Value|||||(Loss)||Value|Value|Income| ||06/04/24|06/04/24|||||||05/04/25|05/04/25|| |||£||£||£|£||£|£|£| |FTSE UK Dividend Plus|800|9,026.09||||||800|9,026.09|5,919|102.32| ||||||||||||71.28| ||||||||||||32.96| |JP Morgan Indian It|||||||||||| |Ordinary GBPO.25|3,000|3,791.75||||||3,000|3,791.75|27,810|| |Jupiter Asst Man (Europe) Ltd|||||||||||| |Merian Gbl EqtyAbs Rtn UI GBPAcc Hgc|21,596.781|26,638.00||||||21,596.781|26,638.00|34,525|| |Jupiter Unit Trust Managers|||||||||||377.17| |Income Trust I Inc|2,204.24|10,232.04||||||2,204.24|10,232.04|13,081|304.42| |Land Securities Group|||||||||||87.14| |Ordinary GBPO.10666666|937|7,394.01|||||||||113.38| |Sold 19/3/25|||||937|5,191.92|(2,202.09)|||-|86.20| ||||||||||||88.08| |Liberty Global Plc|||||||||||| |USD0.01 ACommon Stock|166|2,671.47|||||||||| |DemergeSunrise13/11/24||||||863.20||166|1,808.27|1,321|| 10 ## THE CHARLES PEEL CHARITABLE TRUST SCHDULE OF INVESTMENTS AND INCOME FOR THE YEAR ENDED 5TH APRIL 2025 lnteTO a ee eee eee ## ee eee eee **----- Start of picture text -----**
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Additions|Disposals| |Holding|Book|Quantity|Cost|Quantity|Proceeds|Profit/|Holding|Book|Market|Net| |Value|(Loss)|Value|Value|Income| |06/04/24|06/04/24|05/04/25|05/04/25| |£|£|£|£|£|£|£| |Liberty|Global|Plc| |USDO0.01|C Common|Stock|406|6,399.47| |Demerge|Sunrise|13/11/24|2,053.56|406|4,345.91|3,357| |Lloyds|Banking|Group| |Ordinary GBPO.10|6,027|21,926.55|6,027|21,926.55|3,918|110.90| |63.89| |M&G|Securities|Ltd|506.20| |Gbl|Fitg|Rate|High|Yield|Pp GBP|Dis|25,000.439|25,019.48|25,000.439|25,019.48|23,978|513.20| |493.08| |466.18| |Merchants Trust|355.00| |Ordinary GBPO.25|5,000|18,752.25|5,000|18,752.25|24,300|360.00| |365.00| |365.00| |Murray|Income|Trust|141.36| |Ordinary GBPO.25|1,488|18,496.49|1,488|18,496.49|11,636|148.80| |141.36| |141.36| |Ninety|One|Fund|Managers|UK|Ltd|87.75| |Emerging|Mkts|Local|Curr|Debt|12|Inc|15,000|16,950.75|15,000|16,950.75|8,811|161.09| |125.49| |144.63| |Reckitt|Benckiser|Group|pic|463.60| |Ordinary GBPO.10|400|4,613.10|400|4,613.10|20,328|321.60| |Relx|Plc|627.00| |GBPO.1444|1,500|11,519.57|1,500|11,519.57|57,240|273.00| |Scottish|Mortgage|Inv Trust|158.40| |Ordinary GBPO.OS|6,000|3,861.20|6,000|3,861.20|51,324|96.00| **----- End of picture text -----**
11 + ; THE CHARLES PEEL CHARITABLE TRUST SCHDULE OF INVESTMENTS AND INCOME FOR THE YEAR ENDED 5TH APRIL 2025 **e** e ## ee ||||Additions|Additions||Disposals|||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||Holding|Book|Quantity|Cost|Quantity|Proceeds|Profit/|Holding|Book|Market|Net| |||Value|||||(Loss)||Value|Value|Income| ||06/04/24|06/04/24|||||||05/04/25|05/04/25|| |||£||£||£|£||£|£|£| |Shell Plc|||||||||||| |Ordinary EURO.07|1,000|16,196.26||||||1,000|16,196.26|24,815|269.40| ||||||||||||261.50| ||||||||||||270.30| ||||||||||||277.90| |Sunrise Communications|||||||||||| |AG ADS Each|||||||||||| |From Liberty 13/11/24|||33|863.20|||||||| |From Liberty 13/11/24|||81|2,053.56|||||||| |Fraction 3/12/24||||||7.53|||||| |Fraction4/12/24||||||7.50||114|2,901.73|4,190|| |Temple Bar Investment Trust|||||||||||312.50| |OrdinaryGBPO.0S|12,500|15,624.31||||||12,500|15,624.31|34,000|343.75| ||||||||||||375.00| ||||||||||||375.00| |The European Smaller Co's Tst Plc|||||||||||348.00| |OrdinaryGBPO.015625|24,000|4,903.30||||||24,000|4,903.30|40,080|804.00| |Treasury|||||||||||| |2.5% I/L Stk2024 GBP|20,000|74,008.60|||||||||| |Redeemed 17/7/24|||||20,000|77,261.78|3,253.18|.|||965.76| |United Kingdom (Gov of)|||||||||||184.71| |1.25% I/LStk22/11/2027GBP|15,000|29,567.10||||||15,000|29,567.10|31,403|187.91| |United Kingdom (Govof )|||||||||||330.17| |1.25% I/L Gilt 22/11/2032 GBP|30,000|65,151.13||||||30,000|65,151.13|55,952|335.90| |United Kingdom (Govof )|||||||||||| |0.125% I/L Gilt 22/03/2029 GBP|||||||||||12.75| |Purchased 24/7/24|||12,500|20256.72||||12,500|20,256.72|20,420|12.89| |United States ofAmerica Tres Notes|||||||||||| |0.25%Tips15/07/2029USD|||||||||||| 12 | | ## THE CHARLES PEEL CHARITABLE TRUST SCHDULE OF INVESTMENTS AND INCOME FOR THE YEAR ENDED 5TH APRIL 2025 ## eee ||||Additions|Additions||Disposals|||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||Holding|Book|Quantity|Cost|Quantity|Proceeds|Profit/|Holding|Book|Market|Net| |||Value|||||(Loss)||Value|Value|Income| ||06/04/24|06/04/24|||||||05/04/25|05/04/25|| |||£||£||£|£||£|£|£| |Purchased 22/7/24|||75,000|66499.77||||75,000|66,499.77|69,115|94.09| |United Utilities Group Plc|||||||||||512.79| |OrdinaryGBPO.05|1,545|= 11,202.26||||||1,545|= 11,202.26|16,277|266.98| |VodafoneGroup
Ordinary USD0.2095238|5,454|9,137.56||||||5,454|9,137.56|3,642|206.70
102.87| |Waystone Fund Services (UK)|||||||||||| |Trojan X Inc|12,500|15,917.84||||||12,500|15,917.84|16,835|215.95| |Witan Investment Trust|||||||||||| |Ordinary GBP0O.025|17,500|40,204.29|||||||||264.25| |Sold 9/10/24|||||17,500|40,204.29||-|||306.25| |WS Ruffer Inv Funds|||||||||||132.94| |WS RufferTotal Return J Dis|4,000|14,754.50||||||4,000|14,754.50|14,157|152.81| |||723,828.13||230,404.05||249,251.39|13,105.57||718,086.36|1,170,012|28,669.65| 13