Docusign Envelope 10." 069DDD50-C1324EDC-8AsDDo27Cl8sE0 Charity number: 1091230 THE PETER TOWNSEND CHARITABLE TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Gsf.1&Co Gijfrjn 8roiYC. Mosc¥op & Co 100 YEARS
Ooeusign Envelope ID.. L9DDD51kC1324EDC-8A6DD027C185E0 THE PETER TOWNSEND CHARITABLE TRUST CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Trustees. report Independent examlnerfs report Statement of flnancial activities Balance sheet Notes to the Ilnanclal statements 9-15 Griffin stone Moscrop & Co
DOcuSn Envelope ID." 069DDDS0-C1324EDC-8A6&50t)027C185EO THE PETER TOWNSEND CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE OETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Aleksandra Boleslawska. Chair Graeme Toms. Treasurer Charity registered number 1091230 Principal office 38 Sterling Gardens New Cross London SE14 6DZ Accountants Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduii Street London WC1N 3GS Page 1 Griffin Stone Moscrop & Co
DOcuSn Envelope ID.. 069DDD50-C1324EDC4A6&5DD027C185EO THE PETER TOWNSEND CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together wilh the financial statements of the Charity for the 1 January 2023 to 31 December 2023. Objectlves and activities a. Policies and objectives The objective is to select organisations which are already involved assisting particular species and then to offer them grants subject lo conditions. The chartty will invest most of the funds it has to create income from which grants can be made. If an organisation can demonstrate a grant has been put to go¢xI use then a further grant will be offered. In setting objecttves and planning for acttvitres, the Trustees have given due consideration to general guidance published by the Charty Commission relating to publrc benefit, including the guidance 'Public benefit.. running a charty (PB21'. b. Strategles for achieving objectives The trustees, strategy is to assist existing organisations helping particular species in specrfic locations where the species in question are known to live and to build ongoing relationships wrth the organisations. Further the charity will strive in future years to build a presence and draw attention to the plight of the specific endangered and critically endangered species it supports. ¢. Activities undertaken to achieve objectives The main activty of the trust is to make grants to organisations assisting endangered and crttically endangered species. d. Main activities undertaken to further the Charity's purposes for the public benefrt The purpose of the charity is the conservation of endangered and critically endangered species and this is generally recognised as being of public benefrt. Achievements and perfomiance . Key perfonnance indlcators The Trustees retsive updates from the organization they have made Grant5 to which indicate efforts they are making are successful. The Trustees view is that this is not a guarantee but it is encouraging and so that OTganizalion merits further support. b. Review of activities The Trustees made a Grant to the Marmot Recovery Foundalion. Also, they agreed in principle to make a Grant to Kakapo Recovery in 2024. They have looked at potentially making Grants to other organisations supporting endangered species. Page 2 Gfiffin Stone Moscrop & Co OlEED1£((wTS{ftTEREJThlaps
Docusign Erivelope ID.. 069DDD50-C1324EDC-8A634DD027C185EO THE PETER TOWNSEND CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2023 Flnancial review a. Going concern After making appropriate enquiries, the Trustees have a reasonabte expeclation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. b. Reserves policy Charity funds are held on reserve in the charity bank account. Most of these funds will be invesled to create income from which grants can be made and with a view to capital growth over time. The charty will invest 95Q/o or more of the funds available. Some cash will always be held in the bank account to meet any current administrative costs the charrty has and to ensure grants can be made rf there is an urgent need to do so at any point. The proportion of cash held at the bank in the future should be between 1 and 5% of the assets of the charity. At least once a year the trustees will review the amount of reserves that are needed to ensure the trust can continue to make grants and function on a day to day basis. Structure. governance and management a. Constitution The Peter Townsend Charitable Trust is a registered charty, number 1091230. and is constr(uted under a Trust deed. The principal objed of the charty is to provide grants to organisations involved with the conservation and recovery of endangered and crilicalty endangered species of animals. b. Methods of appointment or election of Trustees The management of the Charity is the responsibilty of the Trustees who are elected and ¢o-OPled under the terms of the Trust deed. Organisational structure and decision-making policies Aleksandra Boleslawska is the chairperson of the charity and Graeme Torns is the treasurer. Decisions can only be taken by the trustees unanimously. d. Policies adopted forthe induction and training of Trustees New trustees are provided with ¢¢)pies of the governing document, the trust deed and the policres of the charity to read through. If a new trustee has not previously been a trustee then the general responsibilities of being a trustee will be explained to a new trustee ty the current trustees Page 3 Griffin Stone Moscrop & Co
Docusign Envelope ID.. (9DDDSQ-c1324EDC-8A6SDD027Cl85E0 THE PETER TOWNSEND CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governance and management (continued) e. Financial risk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related lo the operations and finances of the Charty, and are satisfied that systems and procedures are in place to mitigale exposure to the major risks. The trustees hope to minimise risk by having a written agreement in place with any organisation a grant is given to and only by operating in pla¢es which they consider to be stable financially and politically. There is always a risk that a species they aim to assist may not recover and they will aclNely look for other species that the trust could potentially assist. Plans forfuture periods The Trustees intend to continue to support the Marmot Recovery Foundation. Also, they will make a grant to Kakapo R8covery during 2024 and provided it is put to good use intend to continue to support that organisation. They are considering making further Grants to other organisations but are conscious of also trying to preserve the capital of the Trust. Page 4 Griffin Stone Moscrop & Co
DOcuSn Envelope ID.. 069DD05QkC1324EDC4A6>5Dtrf127C185EO THE PETER TOWNSEND CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of Trustees. responsibilities The Truslees are responsible for preparing the Trustees. report and the financial statements in accordance wrth applicable law and United Kingdom Accounting Standards {Uniied Kingdom Generally Accepted Arxounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial slalements for each financial which gThie a true and fair view of the state of affairs of Ihe Charity and of its incoming resources and application of resources, including its income and expendrture, for that period. In preparing these financial statemenls, the Trustees are required to.. select suitable accounting policies and then apply them consistently.. observe Ihe melhods and principles of the Charities SORP (FRS 102}'. make judgments and accounting estimates that are reasonable and prudent- stale whether applicable UK Accounting Standards {FRS 102) have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Chanty and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 24 May 2024 and swned on their behaw by.. ALthL tss Graeme Toms Treasurer Aleksandra Boleslawska Chair Page 5 Griffin Stone Moscrop & Co
Oocusign Envelope ID: IJS9DDD51>C1324EDG-8A6>5DtX)27C185EO THE PETER TOWNSEND CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OECEMBER 2023 Independent examinerfs report to the Trustees of The Peter Townsend Charitable Trust I'the Charity'l report to the charity Trustees on my examination of the accounts of the Charily for the year ended 31 December 2023. Responsibilities and basis of report As the Trustees of the Chairty you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act,). I report in respect of my examination of the Charitys accounts carrred out under section 145 of the 2011 Act and in carrying out my examination I have foll¢Jwed the applicable Directions given by the Charity Commission under section 145(51(b) of the 2011 Act. Independent examinerfs statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charrties.. Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Pra1 effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charty as quired by section 130 of the 2011 Act- or the accounts do not accord with those records., or the account5 do not comply wrlh the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. This report is made solely lo the Charity's Trustees. as a body, in accordance with Part 4 of the Charities (Account5 and Reports) Regulations 2008. My work has been undertaken so that I might state to the Chartty's Trustees those matters l am required to state to them in an Sndependent examiner's report and for no other purpose. To the fullest extent permttted by law, I do not accept or assume responsibilty lo anyone other than the Charity and the Charrty's Trustees as a body. for my work or for this report. Signed.. Dated. 28 May 2024 ACA Robert Smrth Griffin Stone Moscrop & Co Chartered Accounlanls Page 6 Griffin Stone Moscrop & Co
Do¢uStgn Envelope ID: 0690DD5(kC1324EDC-8A63-5DDtY27C185EO THE PETER TOWNSEND CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Note Income from: Investments 63,582 63,582 38. 630 Total income 63,582 63,582 38, 630 Expenditure on: Charitable actNities 19.525 19.525 Ig,064 Totsl expendlture 19,525 19,525 19,064 Net income before net losses on investments Net losses on investments 44.057 127,901 44,057 {27,901) 19.566 (224.496) Net movement in funds 16,156 16,156 (204,930) Reconciliation of funds: Total funds brought forward Nel movement in funds 1.739,101 16,156 1,739,101 16,156 1.944, 031 (204, 930) Total funds carried forward 1,755,257 1.755,257 1, 739. 101 The Statemenl of financial actNities includes all gains and losses recognised in the year. The notes on pages 9 to 15 fomi part of these financial statements. Page 7 Griffin Stone Moscrop & Co
Docusign Envelope ID". 069DOD50-G1324EDC-8A63-5DD027C185EO THE PETER TOWNSEND CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Ftxed assets Investments 6.316 1, 159. 785 6,316 1, 159, 785 Current assets Cash at bank and in hand 1,750,941 581,116 1,750,941 581,116 Creditors= amounts falling due wrthin one year (2,000) (1,800) Net current assets 1,748,941 579,316 Total assets less current liabilities 1,755.257 1,739. 101 Total net assets 1,755.2S7 1.739. 101 Charity funds Restrided funds Unrestricted funds 11 11 1.755.257 1.739. 101 Total funds 1.755,257 1.739. 101 The financial statement5 were approvgj and authorised for issue by the Trustees on 24 May 2024 and signed on Iheir behalf by.. IILLLsrtthtx b&LstAwsL Ltss Aleksandra Boleslawska Chair Graeme Toms Treasurer The notes on pages 9 to 15 form part of these financial statements. Page 8 Griffin Stone Moscrop & Co
Doousign Envelope ID.. 069DD0cl324EDC4ASDDo27Cl85E0 THE PETER TOWNSEND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General information The Peter Townsend Charitable Trust is a registered charrty with the Charity Commission for England & Wales Icharty number.. 1091230). The principal office address can be found on the referen and administrative detsils page. Accounting policies 2.1 Basis of preparation of flnanclal statements The financial statements have been prepared in accordance with the Chaflties SORP IFRS 1021 Accounting and Reporting by CharAies.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports} Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following th8 Charrties SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Slalement of Recommended Practice effective from 1 April 2005 which has Sin been wrthdrawn. The Peter Townsend Charitable TTUSt meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inttially recognised at historical cosl or transaction value unless otherwise stated in the relevant a¢¢ounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it Is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activrty. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activty. Direct costs attributable to a single activity are allocated directly to that activity. Expendtture on charitable activities is incurred on directly undertaking the activities which further the Charty's objectives. as 11 as any associated support costs. Grants payable are tharged in the year vthen the offer is made except in those cases where the offer is condilional. such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to condttions which have not been met at the year end are noted as a commitmenl. but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Page 9 Griffin Stone Moscrop & Co
Docusign Erwelope10.. 9DDDS0-cl324EDuAODD027Cl85E0 THE PETER TOWNSEND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) 2.4 Invèstments Ftxed asset investments are a fomi of financial instrument and are initialty recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date. unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on investments, in the Stalemenl of financial activrties. 2.5 Cash at bank and in hand Cash at bank and in hand includes cash and short-tem highly liquid investments with a short maturity of three months or less from the date of acquistiron or opening of the deposit or similar account. 2.6 Liabilitles and provisions Liabilities are recognised when there is an obligation at the Balance sheet dale as a resuft of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabiltties are recognised at the amount that the Charty anticipates it will pay to settle the debt or Ihe amount it has reiVed as advanced payments for the g(x)ds or servi$ rt must provide. Provisions are measured at the best estimate of the amounts required to settle the obligalion. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate thal reflects the risks specific to the liability. The unwinding of the discount is recognised in the Ststement of financiai activities as a finance cost. 2.7 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amort15ed cost using the effective interest method. 2.8 Fund accounting General fvnds are unrestrrcted funds whh are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charrty and which have not been designated for other purpos8S. Page 10 Griffin Stone Moscrop & Co
Docusign Envelope ID.. 069DDD50-C1324ED&8A6&5DD027C185EO THE PETER TOWNSEND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Investment income Unrestricted funds 2023 Total funds 2023 Income from listed investments 63,582 63,582 Total 2023 63.582 63.582 Unrestricled funds 2022 Total funds 2022 Income from listed investments 38, 630 38,630 Total 2022 38,630 38.630 Analysis of grants Grants to Institutions 2023 Total funds 2023 Grant to Marmot Recovery 5,000 5.000 Total 2023 5,000 5,000 Grants to Institutions 2022 Total funds 2022 Grant to Mamiot Recovery Tolal 2022 Page11 Griffin Stone Moscrop & Co
Docusign Envelope ID.. 069DDD50-C1324EDC-8A6>50D027C185EO THE PETER TOWNSEND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Anatysis of expenditure by activities Grant funding of actlvltles 2023 Support costs 2023 Tolal funds 2023 Charitable activities 5,000 14,525 19,525 Total 2023 5,000 14,525 19,525 Grant funding ol activities 2022 Support costs 2022 Total funds 2022 Charitable activities 5.000 14.064 19,064 Tolal 2022 5,000 14,064 19.064 Analysls of support costs Total funds 2023 Total funds 2022 Bank charges Accountancy fees Investment manager fee5 101 2.000 12,424 107 1.800 12, 157 Total 2023 14,525 14,064 Page 12 Griffin Stone Moscrop & Co
Do¢uSign Envelope ID.. (I89DDD51PC1324EDC4A6>5DD027C180 THE PETER TOWNSEND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Independent examinerfs remuneration 2023 2022 Fees payable to the Charity's independent examiner for the independent examination of the Charitys annual accounts 2.000 Trustees. remuneration and expenses During the year, no Trustees recewed any femuneration or other benefrts (2022- £NIL). During the year ended 31 December 2023. no Trustee expenses have been incurred (2022 - £NIL). Fixed asset investments Listed investments Cost or valuation At 1 January 2023 Additions Disposals Revaluations 1,159,785 29,494 11,218,810) 35.847 At 31 December 2023 6.316 Net book value At 31 December 2023 6,316 At 31 Dernber 2022 1, 159, 785 Creditors: Amounts falling due within one year 2023 2022 Accruals 2.000 1.800 Page 13 Griffin Stone Moscrop & Co
Docusign Envelope ID.. 069DDD50-C1324EDC-8A6>5DD027C185EO THE PETER TOWNSEND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Financial instruments 2023 2022 Financial assets Financial assets measured at fair value through income and expendrture 1,750,941 581. 116 Financial assets measured at fair value Ihrough income and expenditure comprise cash al bank and held by the investment manager. 11. Statement of funds Statement of funds - current year Balance at 31 Gainsl December {Lossesl 2023 Balance at 1 January 2023 Income Expenditurè Unrestricted funds General Funds 1,739,101 63,582 119,5251 (27.901) 1,755,257 Statement of funds - prior year Balance al 31 D8cembei 2022 Balance al 1 January 2022 Gainsj (Losses) InGome Expenditure Unrestrlcted funds General Funds 1,944,031 38, 630 (19,064) (224,496) 1, 739,101 Page 14 Griffin stone Moscrop & Co
Docusign Envelope ID: (9DDD51kC1324EDC4A63-5DtXJ27C185EO THE PETER TOWNSEND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2023 Total funds 2023 Fixed asset investments Current assets Creditors due wrthin one year 6,316 1,750,941 (2,000) 6,316 1,750,941 (2,0001 Total 1.755,257 1.755,257 Analysis of net assets between funds - prior year Unrestricted funds 2022 Total funds 2022 Fixed asset investments Current assets Creditors due within one year 1, 159, 785 581,116 (1,800) 1, 15g, 785 581, 116 (1,800) Total 1,739, 101 1.739, 701 13. Related party transactions The Charity has not entered into any related party tranSan during the year, nor are there any outstanding balanS owing between related parties and the Charity at 31 December 2023. Page 15 Griffin Stone Moscrop & Co 4JJ¥ EQX£WTP&m&PEGGIEREDAuNr