Charity registration nuTnber 1094058 THE PETER CABRIEL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Hackeryoung Chartered Accountbnts
THE PETER GABRIEL TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrs A F Goldsworthy Mr M H Thoinas Mr P B Gabriel Charity number 1094058 Principal address Box Mill Mill Lane Box Corsham Wiltshire SN13 8PL Independent examiner UHY Hacker Young Quadrant House 4 Thoinas More Square London Elw IYW
THE PETER GABRIEL TRUST CONTENTS Page Trust¢¢s' report Indep¢ndcnt cxaminer's report Statement of financial activities Balance sheet Notes to the financial statetnentS 7- 11
THE PETER GABRIEL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Th¢ trusl¢¢s pr¢s¢nl Iheir annual report and finan¢ial slatem¢nls for the year ¢nd¢d 31 D¢¢¢mber 2022. The financial statements have been prepared in accordance with the accounting ]x)licies set out in note I to the financial statements and comply with the Charity's Trust Deed: the Charities Act 201 l and "Accounting and Reporting by Charities.. Statetnent of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102)" Objectives and activities Policies and objectives The Charity works with external tl)ird parties to support local and regional charities, plus groups in developing countries. by providing financial assistance. development and education to those in need. A£'livities Ji)r ueh¥evin% objeetives The fo¢us of our work reiiiains funding.. Supporting UK and International organisations who deal with natural or man-made disasters. Contributions to organisations or Indi.1dL1alS for educational purposes. Siipporting organisations in the advancement of medicines, procedures or general research which would benefit mankind. The truslees have paid due regard to guidance issued by the Charity Comtnission in deciding what activities Ihe Charity should undcrtake. Aehievements and perfornlance Diiring the year the Charity received funds totalling £1 00,000 (2021.. £125,000) excluding gift aid relief relating to UK donors. The Charity has used ihe tunds plus where necessary unrestricted funds to donate to the follow'ing causes to advance its objectives= The Elders Foundation Witness INC DEC Ukraine Appeal Angiogenesis Foundation In Place of War Do4SA Finiineial review The charity reports a net asset ]x)sition of £364,263 (2021.. £423,810) at the year end. These resejves constitute unrestricted funds which are held until the trustees distribute them to an appropriate cause. The Charity seeks to produce the best financial return M"'ithin an acceptable level of risk. As the assets are expected to be spent in the foreseeable future. access to the funds is of paramounl importance. The assets should be held in cash or near cash investtllents denominated in sterling. At the year end all assets were held in Cash. The trusl¢es have assessed th¢ major risks 10 whi¢h the Chariry is ¢xposed, and are satisfied Ihal ss'st¢ms are in place to mitigate exposure to the major risks.
THE PETER GABRIEL TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Structure. goTrernance and tllanagement Thc charitablc trust is an unincorpoTatcd body, constituted under a trust deed dated l May 2002 and is a regislercd cliarity, number 1094058. Th¢ pow¢r of appointing n¢w or additional Irusl¢¢s is ¢x¢r¢isabl¢ by the ¢xisting trusle¢s. Th¢ Irust¢es m¢¢t at such intervals as they consider appropriate. The trustees ivho served during the year and up to the date of signature of the financial statements were.. Mrs A F Goldsworthy Mr M H Nioinas Mr P B Gabriel Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounling Standards {United Kingdom Generally Accepted Accounting Practice). The law applivable lo ¢harilies in England and Wales requires the trustees lo prepare fiiian¢ial statements for each finan¢ial year which giv¢ a trii¢ and fair view of the state of affairs of th¢ Charity and of the incoming resources and application of resources of the Charity for that year. In prepaTing these financial statements, the trustees are required to.. select suitsble accouiitiiig policies and then apply ihem consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent- slate whether applicable accounting staiidards have beeii followed, subject to any Inaterial departures disclosed and cxplaiiied in the financial statcincnls- and prepare the financial statements on Ihe going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any tiine the financial position ot the Charity and enable theii) to ei)sure that the financial statcmciits coiiiply with Ilie Charities Act 2011, tlie Charity (Accounts and Reports) Regulations 2008 and the provisions of Ilie trust dccd. They arc also rcsponsible for safeguarding Ihc assets of thc Charity and hence for taking reasonable sieps for t]ie prevention and detection of fraud and other irregularities.
THE PETER GABRIEL TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees, report was approved by the Board of Trustees. li f è4 Mr P B Gabriel Trustee Dated- 30th Octobcr 2023
UHY Hacker Young LLP Quadrant House 4 Thoma5 More Square Luiiduii E1W 1Y¥V Hackeryoung ChartelEd Accountants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PETER GABRIEL TRUST I report to the trustees on Iny exaiiiination of the financial statements of The Peter Gabriel Trust (the Charity) for the year ended 31 Deceinb¢r 2022. Responsibilities and basis of repor¢ As the trustees of the Cl)arity you are responsible for the preparation of the financial statements in accordance with thc r¢quiretncnts of the Charities Act 2011 (th¢ 201 l Act). I rcport in respeLt of my examination of the Charity's financial statements carried out undcr section 145 of Ilie 201 l A¢t. In carrving out my examinalion I liave followed all the applicable Directions given by th¢ Charity Commission under section 145(5)(b) of th¢ 201 I Ac(. Independent examiner's st3itemen¢ I have coiiiplctcd Iiiy ¢xainination. I confirm that no iiiattcrs have coine to tny attention in connection witli the examination giving me cause to believe that iii any material respect.. accounting records were not kept in respect of the Charit). as required by section 130 of the 2011 Act,. or the financial slal¢menls do not a¢¢ord with those r¢¢i)rds; or the fiiiaiicial statcments do not cotnply with the applicable requiretnents concerning the fomi aiid coiitcnl of accounts set out in Ilie Cliarities {Accouiits aiid Reports) Regulatioiis 2008 other than any requiremeiil that the accounts give a true and fair view ivhich is not a matter eoiisidered as part of ali independent exainiiialioii. I hav¢ no ¢on¢¢rns and have coiiie a¢ross no oth¢r matt¢rs in ¢onn¢¢tion with the ¢xaminalion to whi¢h attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Harriet Hodgson-Grove ACA Independent Examiner UHY Hacker Young Quadrant House 4 Thomas More Square London Elw IYW 3011012023 Dated=.........................
THE PETER GABRIEL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Unrestricted funds funds 2022 2021 Tr4otes Donations and legacies 131,250 156,250 enditure on: Charitabl¢ a¢tiviti¢s 190,797 204.921 Net expenditure for the yearl Net movement in funds (59,547) (48,671) Fund balances at l January 2022 423,810 472,481 Fund balanees at 31 December 2022 364,263 423,810 The slatem¢nl of financial activities includes all gains and loss¢s re¢ognis¢d in th¢ year. All in¢ome and expenditure derive from continuing a¢tivili¢s.
THE PETER GABRIEL TRUST BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Notes Currellt assets Debtors Cash at ba]ik and in hand 18,750 405,060 364,263 364 ?63 423,810 Net current assets 364,263 423,810 Income funds Unrestricied fuiids 364,263 423.810 364,263 423,810 The financial otp.tenients were approved by the Trustees on 30th October 2023. l/ f.24 Mr P B Gabriel Trustee
THE PETER GABRIEL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies Charity information The Peter Gabriel Trust is an unincorporated body, ¢onstituled under a trust deed dated l May 2002 and is a registered charity, number 1094058. 1.1 Accounting convention The tinancial stateinents have been prepared in accordance with the Charit)w's trust deed, the Charities Act 201 l and "Accounting aiid Rcporting by Charities.. Staletncnt of Recommcndcd Practice applicable to charitics preparing their accounts in accordaiice with the Financial Reporting Staiidard applicable iii the UK ai)d Republic of Ireland (FRS 102) (effective l January 2019)" The Charity is a Public Beneftt Entily as defined by FRS 102. Th¢ financial stat¢m¢nts ar¢ pr¢par¢d in sterling, whi¢h is the fun¢tional ¢urr¢n¢y of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going eoneern At Ihe time of approving the financial statements, the tn]stees have a reasonable expecta(ion that the Charity. has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitsble funds All funds are unrestricted funds and are available for use at the discretion of the trustees in furtherance of iheir cl)aritable objectives. 1.4 Income Jncome is recognised when the Charity is legally entitled to il after any performance condiiions have been met, the amounts can be measured reliably, and it is probable tliat income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the atnount. Income tax recovcrable in relation to donations receivcd undcr Gift Aid or dccds of covenant is recognised at the time of th¢ donation. Lega¢i¢s are reeogniscd on receipt or otherwise if tlie Cliarily has b¢en nolificd of an imp¢nding dislribution, th¢ amoiint is known, and re¢eipl is ¢xpe¢ted. I f the amount is not known, the legacy is tr¢at¢d as a contingent asset. 1.5 Expenditure Liabililics rccogniscd as resources cxpended as soon as thcrc is a Icgal or constructive obligation coinmitting the Charitv to the expenditure. All expenditure is accounted for an accruals basis and has been ¢lassifi¢d under headings that aggregat¢ all costs related lo the category.
THE PETER GABRIEL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Aceounting policies (Continued) Governance and siipport ¢osts ¢omprise all ¢osts involving the public ac¢ounrabilily of the Charity and its ¢omplian¢e with regulation and good pra¢ti¢¢, including all manag¢m¢nt and administrative costs. All governance and support costs are incurred in connection with charitable aclivities and have been allocated accordingly. 1.6 Cash and cash equivalent5 Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of iliree months or less, and bank overdrafts. Bank overdrafts are shown MPithin borrowings in ¢urr¢nt liabilities. 1.7 Finallcial instruments The Charity has elected to apply the PTOViSions of Section I I 'Basic Financial Instrutnents, and Section 12 '0thcr Fiiiaiicial InstruiT]cnts Issucs. of FRS 102 to all of its financial instruinents. Financial instriiments are r¢¢ognis¢d in the Charity's balance sheet i¥h¢n the Charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset. Thitl) the net amounts presented in the financial statements, vhcn there is a legally ciiforceable right to set off the recognised amounts and there is an intcnlion lo settle on a nel basis or to rcalise the asset and settle the liability simultaneously. Buslc]INaneiol u$5'ets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction Price including transaction costs and are subsequently carried at amortised cost using the effecli}we interest method unless the arrangeinenl constitutes a financing transaction, where the transaction is tneasurcd at the prcscnt valuc of th¢ future rcccipts discouiilcd at a tllarket rate of interest. Financial assets classified as receivable within one year are not ainot1ised. Busicfinaneiol liabililies Basic tinancial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing Iran5aclion, where the dcbt instrutnent is measured al thc pr¢sciil valu¢ of tl)e future payii)¢nts discounted at a market rate of interest. Financial liabilities classified as payable withiii one year are not amortised. Debi instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is duc within one year or Icss. If not, they arc prcsciitcd as Iion-currcnl liabilitics. Trad¢ credilors arc recognised initially at transaction price and subsequeiiily me&sured at amorlised cost using the effective inl¢resl m¢thod. Derecognition offinllncidl li(4bilities Financial liabilities are dcrecogiiiscd when the Charity's contractual obligations expirc or arc di5chargcd or cancelled.
THE PETER GABRIEL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Donations and legacies Unrestricted Unrestricted funds funds 2022 2021 Donations and gifts 131,250 156?50 Donations and gifts Donations Gift aid i 00,000 31,250 125.000 31,250 131,250 156,250 Charitable aetivities 2022 2021 Granr funding of activities (see note 4) Share of support costs (see note 5) 190,553 244 204,785 136 190,797 204,921 Grants payable 2022 2021 Grants to institutions: The Elders Foundation Witness INC DEC Ukraine Appeal DEC Coronavirus Appeal Angiogenesis Foundation DEC Afghanisation Appeal The Jitll Cronin Memorial Fund In Place of War Do4SA 138,982 124,957 i 0,000 i 0.000 36,627 i 0.000 5,000 7,742 4,500 8.766 190.553 204.785
THE PETER GABRIEL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Grants payable (Continued) Support costs Support Governance eosts costs 2022 Support Governance costs costs 2021 Bank Charges 244 244 136 136 244 244 136 136 Analy8ed betwe¢n Charitable activities 244 244 136 136 All support COSts and governance costs are incurred in connection with charitable activities and have been allocated accordingly. Trustees None of th¢ trusl¢¢s (or 8¢ny p¢rsoiis coiin¢¢t¢d with them) re¢eiv¢d any r¢mun¢ralion or benefits from the Charity during the year. Employees There were no etllployees during the current year or prior year. Taxation The charity is exempt from lax on income and gains falling within seclion 505 of the Taxes Act 19&8 or section 252 of the Taxalionof Chargeable Gains Act 1992 to the extent that ihese are applied to its charitable objects. Debtor8 2022 2021 Amounts falling due within one year: Prepayments and accrued income 18,750 10-
THE PETER GABRIEL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 10 Related party transactions During the year the Charity re¢eived dona(ions totalling £1 00,000 (2021: £125,000) from Peter Gabriel, a trustee.