**Registered Charity No 214684 (England and Wales)** ## **The Dowager Countess Eleanor Peel Trust** **Trustees’ Report and Accounts** **Financial Statements 31 March 2021** **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **CONTENTS** ||**Page**| |---|---| |Charity information|1| |Trustees’ Report|2 - 6| |Report of the auditors|7 - 9| |Statement of financial activities|10| |Balance sheet|11| |Statement of cash flows|12| |Notes to the financial statements|13 - 22| |Appendix – Grants awarded|23 - 33| **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **CHARITY INFORMATION** |**Trustees**|J W Parkinson – Chairman until 29thJuly 2021| |---|---| ||R M Parkinson| ||Professor R T Ramsden, MBE| ||Professor M A Pearson – Chair from 29thJuly 2021| ||J P Manduell| ||Professor C P Sibley| |**Registered office**|50 Fountain Street| ||Manchester| ||M2 2AS| |**Investment manager**|CCLA Investment Managers Limited| ||Senator House| ||85 Queen Victoria Street| ||London| ||EC4V 4ET| |**Solicitors**|Hill Dickinson LLP| ||50 Fountain Street| ||Manchester| ||M2 2AS| |**Auditor**|MHA Moore and Smalley| ||Richard House| ||9 Winckley Square| ||Preston| ||PR1 3HP| |**Bankers**|CCLA Investment Management Ltd| ||COIF Charity Funds| ||80 Cheapside| ||London| ||EC2V 6DZ| ||Handelsbanken Bank| ||First Floor| ||Dicconson Terrace| ||Lytham Assembly Rooms| ||Lytham| ||FY8 5JY| |**Charity registration number**|214684| -1- ## **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2021** The Trustees present their report and the audited financial statements of the Trust for the year ended 31 March 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS102) in preparing the annual report and financial statements of the Trust. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Trust’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: 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 published on in October 2019. ## **Structure, governance and management** ## **Legal Structure** The Dowager Countess Eleanor Peel Trust was established under a trust deed dated 3 May 1951. This was in pursuance of the Will of Eleanor Dowager Countess Peel who died on 9 November 1949. The Trust Deed provides that the income of the Trust Fund (and in certain cases the capital thereof) should be paid or applied for such charitable purposes as the Trustees should think fit. They are enjoined to have particular regard for medical charities, charities for old people and those who have fallen on hard times through no fault of their own and the charitable bodies specified in the Schedule to the Trust Deed. They are prohibited from giving money to charitable bodies substantially under the control of central or local government or charitable bodies primarily devoted to children. The Registered Charity Number is 214684. ## **Trustees** The Trustees acting throughout the year were: J W Parkinson – Chairman until 29[th] July 2021 R M Parkinson Professor C P Sibley Professor R T Ramsden Professor M A Pearson – Chair from 29[th] July 2021 J P Manduell ## **Appointment of trustees** Trustees are appointed by the agreement of existing trustees. Prior to appointment, prospective trustees are invited to a meeting to observe. On appointment, new trustees are provided with a copy of the Trust Deed, a brief history of the Trust and the most recent annual report and accounts. Copies of previous Trustees’ meeting minutes are available to the new trustee. Trustees are permitted by the Trust Deed to receive remuneration of up to 10% of income. Trustees remuneration is reviewed annually. Discretionary bonuses may be awarded from time to time provided that the 10% threshold is not exceeded. -2- ## **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **Statement of Trustees’ responsibilities** The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2019 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards 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 Trust will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Trust 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 Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Objectives and activities** ## **General background** The Trustees normally meet on at least three occasions each year at which they consider inter alia grant making, income and capital investment performance, capital and income account balances, income review, budget, cash flow, reserves, risk management and other policies. All applications for grants are first vetted by the Secretary or two trustees. Any applications rejected at this stage are listed in the agenda for the next Trustees’ meeting with the reason for rejection. Applications for consideration at the Trustees’ meeting are presented with a report and summary of the financial statements for the last complete year. ## **Grant making strategy** ## **Introduction** In accordance with the Trust Deed, the Trustees can apply the income and capital for such charitable purposes as they shall from time to time think fit. However, without prejudice the Trustees are primarily directed to make grants to: - i. Charitable bodies administering: (a) Medical charities including medical research - (b) Charities in connection with old people - (c) Charities assisting people who have fallen upon hard times, through no fault of their own and - ii. Various charitable bodies specified in the Trust Deed The Trust Deed prohibits Trustees from making grants to charitable bodies primarily devoted to children or which are under the control of central or any local government. An updated Grant Making Policy was adopted on 18[th] July 2019. -3- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **Categorisation** In each category, Trustees will consider the following areas: - i. Medical and health charities – research and care specifically aimed at benefitting older people, to include Alzheimer’s, Macular Disease, Prostate Cancer, Parkinson’s Disease - ii. Charities in connection with old people – Old Age, Homes, Carers - iii. Charities for people fallen upon hard times – Disabled, Hospital, Hospices, Ex services, Natural or Man-made disasters, Mental Health, Homelessness and miscellaneous - iv. Charities specified in the Trust Deed - v. Other Charitable purposes including International charities (Not more than 7 ½%) ## **Principles** The Trustees applied the following grant making criteria during the last accounting period: 1. The Trustees only support applications (other than Medical/Healthcare Research and Travelling Fellowships) from the “Preferred Locations” of Lancashire (especially Lancaster and District including all LA postcodes), Cumbria, Greater Manchester, Cheshire and Merseyside or from charities who work therein or are well known to a trustee. 2. The Trustees focus on small to medium sized charities where grants will make a difference. Applications from large well-funded charities (with income in excess of £2.5m per annum) will normally be rejected, unless the application is for a capital project or research. 3. The Trustees’ preference is to support capital projects, research projects or project-driven applications and not running costs, although the Trustees are flexible to take account of the needs of smaller charities. 4. The Trustees do make grants to emergency appeals which are considered on a case by case basis. ## **Awareness** The Trustees feel it is important to know the charities to which grants are or may be awarded. They will therefore from time to time arrange to visit a charity and/or arrange for a charity to make a report or presentation to all the Trustees. ## **Applications for Medical Research Grants** Applications for Medical Research Grants will be categorised as appropriate for a “Minor Grant” (£25,000 or less) or a “Major Grant” (greater than £25,000 per annum for a defined research project for 1-3 years). Applications for “Major Grants” are suspended for the time being. ## **Post-graduate Travelling Fellowships** The Trustees make a small number of grants to allow members of the medical or other health professions to gain further knowledge or research experience at a centre of excellence, usually by working overseas. These were suspended in the year to 31 March 2021 because of the Covid-19 pandemic however are being resumed. ## **Grant Making Strategy** The unabridged Grant Making Strategy (adopted on 18 July 2019) can be viewed at www.peeltrust.com ## **Achievements and performance** The Trustees’ primary Key Performance Indicator is income generation and they are satisfied with the actual income received of £569,907. The value of the capital fund increased by £2,645,627 to £19,344,025 during the year. 48 grants to a value of £447,012 and 1 Travelling Fellowship awards to a value of £15,000 less grants written back of £27,263 were awarded during the year. Further details can be found in note 8 of the accounts -4- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **Financial review** Total incoming resources decreased by £115,586 during the year. Expenditure on raising funds (Investment Managers’ fees) decreased by £31,635. Grants to Charities specified in the Schedule to the Trust Deed amounted to £nil and those not specified in the Schedule amounted to £424,399 making total grants for the year, together with Travelling Fellowship awards of £10,350, £434,749. Grant related support costs decreased by £14,619. For the year ended 31 March 2021, total net income after distribution of grants but before losses on investments was £42,969 as shown in the Statement of Financial Activities on page 9. The net assets of the Trust at 31 March 2021 were £19,580,362. The Trustees make significant annual grants to the Peel Studentship Trust, as detailed in the appendix to the financial statements. The Peel Studentship Trust is legally distinct from the Dowager Countess Eleanor Peel Trust, having a separately established Trustee board. The Peel Studentship Trust would not be viable without the support of the Trust. Regular reports are received from the Peel Studentship Trust and from time-to-time presentations are given to the Trustees by students who received grants. ## **Reserves** Under the terms of the Deed the Trustees are able to expend both income and capital. However, the current policy is to utilise the investment portfolio for income generation only, retaining the capital. Given the ability to expend both income and capital there is no strict requirement to hold reserves as such. However, the Trustees have in place an Income Reserve Account (see note 13 of the accounts). The Income Reserve account will continue to be used for major commitments such as that which has been the position with the Salford Institute of Dementia and going forward to build up reserves for the proposed Professor Sir Robert Boyd Fellowship. The Trustees intend to continue to transfer funds into the Income Reserve account when available. £60,000 was transferred in the year ended 31[st] March 2021 The current balance on this account as at 31[st] March 2021 was £234,345. The balance held in the Travelling Fellowship account at 31 March 2021 was £nil. On an annual basis, transfers are made to the account from the unrestricted fund sufficient to meet travelling fellowship grants awarded. ## **Investment policy** The Trustees have wide powers of Investment in accordance with the provisions of the Trustee Act 2000. The Trustees having completed their review of Investment Managers appointed CCLA Investment Management Ltd in July 2020 to manage their investment portfolio. The entire portfolio being now entirely invested in the COIF Charities Investment Fund. As such no investment policy is now required. The fund will provide certainty of income going forward and should achieve both capital and income growth in real terms over the medium/long term. ## **Risk management** The Trustees are continually reviewing the major risks to which the Trust is exposed and have established systems and procedures to manage those risks. The Trustees consider volatility and the security of investments to constitute the Trust’s major risks although mitigated with the portfolio now invested in the COIF Charities Investment Fund. -5- ## **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **Grant making policy, aims and objectives and public benefit** The Trustees confirm that they have referred to the guidance contained in the Charity Commission General Guidance on Public Benefit when reviewing the Trust’s aims and objectives and to planning future activities and setting grant making policies. In particular, the Trustees scrutinise all applications very carefully including, where appropriate, reviewing the latest available annual Report and Accounts to ensure grants awarded are for the public benefit. Indeed, in most instances, the Trust makes grants to other registered or exempted UK Charities (including educational and other relevant institutions) as the Trustees consider such organisations, established as they are for public benefit, are best placed to be parties in support of its charitable objectives. The Trustees have agreed to adopt the Charity Commission Governance for smaller charities. ## **Plans for future periods** 1. The Trustees are considering a new fellowship to be called The Professor Sir Robert Boyd Fellowship. 2. J.W. Parkinson, who has been Chairman since 1999, is stepping down and is being replaced by Professor M.A. Pearson who was formally appointed as Chair on 29 July 2021. 28/11/2021 This report was approved by the Board of Trustees on ………………………and signed on its behalf by: ## **Professor M A Pearson Chair** -6- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **Opinion** We have audited the financial statements of The Dowager Countess Eleanor Peel Trust for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. In our opinion the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 March 2021, and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. -7- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion: - the information given in the Trustees’ Annual Report is inconsistent in any material respect with the financial statements; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Respective responsibilities of trustees** As explained more fully in the Trustees’ Responsibilities Statement, the Trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: - Enquiries with management, about any known or suspected instances of non-compliance with laws and regulations and fraud; - Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness; - Reviewing correspondence with the Charities Commission; and - Reviewing board minutes. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. -8- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **Use of our report** This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. ## **MHA Moore and Smalley Statutory Auditor** Richard House Winckley Square Preston PR1 3HP Date 29/11/2021 MHA Moore and Smalley is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006. -9- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**Note**
**Income and endowments from:**
Investments
3
**Total income and endowments**
**Expenditure on:**
Raising funds
4
Charitable activities
5
**Total expenditure**
Transfers between funds
13
10
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**Net income/(expenditure) before**
**gains/(losses) on investments**
Net gains/(losses) on
investment assets
**Net income/(expenditure)**|**Unrestricted**
**funds**
**£**
570,899|**Designated**
**income**
**funds**
See note 13
**£**
377
**377**
-
10,350|**Designated**
**capital**
**funds**
**£**
-|**Total**
**Total**
**funds**
**funds**
**2021**
**2020**
**£**
**£**
**571,276**
686,862
**571,276**
686,862
**15,779**
47,414
**512,528**
784,144
**528,307**
831,558
**42,969**
(144,696)
**-**
-
**42,969**
(144,696)
**2,653,514**
(2,826,988)
**2,696,483**
(2,971,684)
**16,883,879**
19,855,563
**19,580,362**
16,883,879| |---|---|---|---|---| ||**570,899**||**-**|| ||7,805
502,178||7,974
-|| ||**509,983**|**10,350**|**7,974**|| ||**60,916**
(70,350)|**(9,973)**
70,350|**(7,974)**
-|| ||**(9,434)**
-
|**60,377**
(87)|**(7,974)**
2,653,601|| ||**(9,434)**
11,426|**60,290**
174,055|**2,645,627**
16,698,398|| ||**1,992**|**234,345**|**19,344,025**|| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. -10- ## **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **BALANCE SHEET** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**Note**
**Fixed assets:**
Investments
10
**Current assets:**
Debtors
11
Cash at bank and in hand
11
**Liabilities:**
12
**Net current assets**
12
**Net assets**
**The funds of the Trust:**
13
Unrestricted funds
Designated income funds
Designated capital funds
Creditors: amounts falling due
after more than one year
Creditors: amounts falling due
within one year
**Total assets less current**
**liabilities**|**Unrestricted**
**funds**
**£**
-
-
197,806|**Designated**
**income**
**funds**
**£**
-
-
323,345
**323,345**
89,000|**Designated**
**capital**
**funds**
**£**
19,344,025
-
-|**Total**
**funds**
**2021**
**£**
**19,344,025**
**-**
**521,151**|**Total**
**funds**
**2020**
**£**
17,023,677
48,504
146,510| |---|---|---|---|---|---| ||**197,806**
195,814||**-**
-|**521,151**
**284,814**|195,014
334,812| ||**1,992**
**1,992**
-|**234,345**
**234,345**
-|**-**
**19,344,025**
-|**236,337**
**19,580,362**
**-**
**19,580,362**|(139,798)
16,883,879
-| ||**1,992**|**234,345**|**19,344,025**||16,883,879| ||1,992
-
-|-
234,345
-|-
-
19,344,025|**1,992**
**234,345**
**19,344,025**|11,426
174,055
16,698,398| ||**1,992**|**234,345**|**19,344,025**|**19,580,362**|16,883,879| These financial statements were approved and authorised for issue by the Board of Trustees on 28/11/2021 ……………….and signed on its behalf by: ## **Professor M A Pearson Chair** The notes on pages 12 to 22 form part of these accounts. -11- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **STATEMENT OF CASH FLOWS** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**FOR THE YEAR ENDED 31 MARCH 2021**||| |---|---|---| |**Total**
**Total**
**funds**
**funds**
**2021**
**2020**
**Note**
**£**
**£**
**Cash flows from operating activities:**
**_Net cash used in operating activities_**
1
**(529,801)**
(586,194)
**Cash flows from investing activities:**
Dividends and interest from investments
**571,276**
686,862
Proceeds from sale of investments
**17,811,100**
1,602,797
Purchase of investments
**(17,635,210)**
(2,081,558)
**_Net cash generated from/(used in) investing activities_**
**747,166**
208,101
**_Change in cash and cash equivalents in the reporting period_**
**217,365**
(378,093)
Cash and cash equivalents at the beginning of the reporting period
**303,786**
681,879
**Cash and cash equivalents at the end of the reporting period**
**521,151**
303,786
**1**
**Reconciliation of net income/(expenditure) to net cash flow from operating activities**
**2021**
**2020**
**£**
**£**
**_Net expenditure for the reporting period_**
**2,696,483**
(2,971,684)
**Adjustments for:**
(Gains)/losses on investments
**(2,653,514)**
2,826,988
Dividends and interest from investments
**(571,276)**
(686,862)
Decrease in debtors
**48,504**
62,225
Decrease in creditors
**(49,998)**
183,139
**Net cash used in operating activities**
**(529,801)**
(586,194)
**2**
**Analysis of cash and cash equivalents**
**2021**
**2020**
**£**
**£**
Current account
**521,151**
146,510
Capital cash deposits (note 10a)
**-**
157,276
**521,151**
303,786|**Total**
**funds**
**2021**
**£**
**(529,801)**|**Total**
**funds**
**2020**
**£**
(586,194)
686,862
1,602,797
(2,081,558)| ||**571,276**
**17,811,100**
**(17,635,210)**
**747,166**|| |||208,101| ||**217,365**
**303,786**|(378,093)
681,879| ||**521,151**|303,786| ||**(529,801)**|(586,194)| ||**2021**
**£**
**521,151**
**-**|**2020**
**£**
146,510
157,276| ||**521,151**|303,786| -12- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **1 Accounting policies** A summary of the principal accounting policies, all of which have been applied consistently throughout the year and the preceding year, is set out below. ## **Basis of preparation** The charity constitutes a public benefit entity as defined by FRS 102. The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Practice. The accounts (financial statements) have been prepared to give a ‘true and fair’ 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 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 in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. ## **Going concern** The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. ## **Funds structure** The funds held by the Trust are unrestricted funds, which can be used in accordance with the charitable objects at the discretion of the Trustees. ## **Income recognition** Interest on funds held in deposit is included when receivable and the amount can be measured reliably by the Trust; this is normally upon notification of the interest paid or payable by the bank. Income on investments is included when receivable and the amount can be measured reliably by the Trust. This is normally when income is received on a quarterly basis from the investment manager. Income received from the capital investment portfolio is recognised within the income account with the exception of special dividends which are recognised within the capital account. ## **Expenditure recognition** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Trust to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. For more information on this allocation refer to note 6. Grants paid or payable in the year are treated as charges to the Statement of Financial Activities. Grants authorised but not yet due are charged to the Statement of Financial Activities in the year in which the commitment arises. ## **Allocation of support and governance costs** Support costs have been differentiated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the Trust and its compliance with regulation and good practice. -13- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **1 Accounting policies (continued)** ## **Charitable activities** The expenditure on charitable activities includes grants made, governance costs and support costs. ## **Fixed asset investments** Investments are initially recognised at their transaction value and subsequently measured at their market value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The Trust does not acquire or use put options, derivatives or other complex financial instruments. ## **Realised gains and losses** All gains and losses are taken to the statement of financial activities as they arise. Realised and unrealised investment gains and losses are combined in the statement of financial activities. ## **Judgements and key sources of estimation uncertainty** There have been no judgements (apart from those involving estimates) made in the process of applying the above accounting policies. There have been no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. ## **2 Legal status of the Trust** The Dowager Countess Eleanor Peel Trust was established under a trust deed dated 3 May 1951. This was in pursuance of the Will of Eleanor Dowager Countess Peel who died on 9 November 1949. The Trust Deed provides that the income of the Trust Fund (and in certain cases the capital thereof) should be paid or applied for such charitable purposes as the Trustees should think fit. They are enjoined to have particular regard for medical charities, charities for old people and those who have fallen on hard times through no fault of their own and the charitable bodies specified in the Schedule to the Trust Deed. They are prohibited from giving money to charitable bodies substantially under the control of central or local government or charitable bodies primarily devoted to children. -14- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **3 Investment income** |**nvestment income**||| |---|---|---| |**Income from listed investments:**
Income from listed investments listed in the UK
Income from listed investments listed outside the UK
Bank interest|**2021**
**£**
**512,787**
**57,120**
**1,369**|**2020**
**£**
606,063
78,722
2,077| ||**571,276**|686,862| Of the investment income received in the year, £377 was attributable to designated income funds (2020: £3,280), £nil was attributable to the designated capital fund (2020: £9,532) and £570,899 was attributable to unrestricted funds (2020: £674,050). ## **4 Raising funds** |**Raising funds**||| |---|---|---| |Investment management costs|**2021**
**£**
**15,779**|**2020**
**£**
47,414| ||**15,779**|47,414| Of the investment management costs incurred in the year, £7,974 (2020: £23,473) was attributable to designated capital funds with the balance of £7,805 (2020: £23,671) attributable to unrestricted funds. -15- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **5 Expenditure on charitable activities** |**Grants expenditure (note 8):**
Travelling fellowship awards
**Grant related support costs:**
Governance and support costs (note 6)
Grants payable to charities not specified in the schedule to the Trust
Deed
Grants payable to charities specified in the schedule to the Trust Deed|**2021**
**2020**
**£**
**£**
**424,399**
623,846
**-**
-
**10,350**
67,900
**434,749**
691,746
**77,779**
92,398
**512,528**
784,144| |---|---| Of the expenditure on charitable activities incurred in the year, £10,350 was attributable to designated income funds (2020: £112,900) and £502,178 was attributable to unrestricted funds (2020: £671,244). ## **6 Allocation of governance and other support costs** |Trustees' remuneration
Trustees' expenses
Website & advertising
Fellowship Travelling Expenses
Secretarial Services
Secretarial Expenses
Audit & accountancy
Bookkeeping
Other|**Governance**
**£**
13,050
-
-
-
-
-
5,622
-
-|**Support**
**£**
18,450
458
1,178
-
32,142
149
299
3,960
2,471|**2021**
**Basis of**
**£**
**apportionment**
**31,500**
Time spent
**458**
Support cost
**1,178**
Support cost
**-**
Support cost
**32,142**
Support cost
**149**
Support cost
**5,921**
Governance cost
**3,960**
Support cost
**2,471**
Support cost
**77,779**| |---|---|---|---| ||**18,672**|**59,107**|| -16- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **7 Trustees’ remuneration and related party transactions** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |The following amounts were paid to the Trustees in respect of their services as trustee:||| |J W Parkinson - Chairman|**9,000**|9,000| |RM Parkinson|**4,500**|4,500| |Professor Sir Robert Boyd|**-**|1,867| |Professor C P Sibley|**4,500**|2,100| |Professor R T Ramsden|**4,500**|2,800| |Professor M A Pearson|**4,500**|2,800| |J P Manduell|**4,500**|2,800| ||**31,500**|25,867| Payments to the Trustees are permitted by the Trust Deed. During the year, expenses totalling £458 (2020: £3,487) were reimbursed to 4 (2020: 7) trustees. These were expenses incurred by the Trustees in accordance with the expense policy which was updated in November 2019. ## **Related party transactions** During the year the Trust awarded a grant of £40,000 (2020: £40,000) to The Peel Studentship Trust, a charity which had a common Trustee for part of the year. -17- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** **NOTES TO THE ACCOUNTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **8 Analysis of grants** The Trust undertakes its charitable activities through grant making and awarded grants to a number of individuals and institutions in furtherance of its charitable activities. |Balance payable brought forward
Previously awarded grants released
**(27,263)**
New grants awarded in the year
**462,012**
Net grant cost in the year (note 5)
Grants paid in the year
**Balance payable carried forward**
**Being:**
Due within one year (note 12):
Travelling Fellowship awards
Other|**2021**
**2020**
**£**
**£**
**318,884**
127,937
(40,850)
732,596
**434,749**
691,746
**753,633**
819,683
**(479,981)**
(500,799)
**273,652**
318,884
**44,000**
88,500
**229,652**
230,384
**273,652**
318,884| |---|---| During the year grants were made to 48 (2020: 43) institutions as detailed below for the following purposes: |Medical charities including medical research
Charities in connection with old people
Scheduled charities
Other charitable purposes
Total grants made to Charities
Travelling Fellowships and grants
**Total grants made**
Charities assisting people who have fallen upon evil times
through no fault of their own|**2021**
**2020**
**£**
**£**
**175,498**
266,439
**(10,000)**
30,650
**158,183**
247,068
**-**
-
**100,718**
79,689
**424,399**
623,846
**10,350**
67,900
**434,749**
691,746| |---|---| ## **9 Auditor’s remuneration** The auditor’s remuneration constituted an audit fee of £5,622 (2020: £5,460) for the year to 31 March 2021 (inclusive of VAT). In addition, non-audit fees of £3,760 (2020: £5,280) were paid to the firm of auditors for the provision of bookkeeping. -18- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** ## **10 Fixed asset investments** |**a. Capital account**
Market value brought forward at 1 April 2020
Additions to investments at cost
Disposals at carrying value
Net gain/(loss) on revaluation
**Market value as at 31 March 2021**
**Historical cost as at 31 March 2021**
Investments at market value comprised:
Pooled investment vehicle
UK listed investments
Non-UK listed investments
Capital cash deposits
**Market value as at 31 March 2021**
**b. Income reserve account**
Market value brought forward at 1 April 2020
Additions to investments at cost
Disposals at carrying value
Net gain/(loss) on revaluation
**Market value as at 31 March 2021**
**Historical cost as at 31 March 2021**
**c. Total market value as at 31 March 2021**|**2021**
**£**
**16,767,339**
**17,635,210**
**(17,712,125)**
**2,653,601**
**19,344,025**
**18,826,540**
**19,344,025**
**-**
**-**
**19,344,025**|**2020**
**£**
19,113,760
2,081,558
(1,602,797)
(2,825,182)| |---|---|---| |||16,767,339| |||14,551,196| |||-
13,202,309
3,565,030| |||16,767,339
157,276| ||**-**|| |||| ||**19,344,025**|16,924,615| ||**99,062**
**-**
**(98,975)**
**(87)**|100,868
-
-
(1,806)| ||**-**|99,062| ||**-**|90,564| ||**19,344,025**|17,023,677| All investments are carried at their market value. Investment in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in common investment funds, unit trusts and open ended investment companies are at the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transactional value). -19- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**FOR**|**THE YEAR ENDED 31 MARCH 2021**||| |---|---|---|---| |**11**|**Analysis of current assets**||| |||**2021**|**2020**| |||**£**|**£**| ||Prepayments and Accrued Income|**-**|48,504| ||Cash at Bank|**521,151**|146,510| |||**521,151**|195,014| |**12**|**Analysis of current liabilities**||| |||**2021**|**2020**| |||**£**|**£**| ||Creditors and Accrued Charges|**11,162**|15,928| ||Grants Payable|**273,652**|318,884| |||**284,814**|334,812| -20- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** ## **13 Analysis of charitable funds – current year** |**Balance**
**at 1 April**
**2020**
**Income**
**£**
**£**
**_Unrestricted funds:_**
Income
account
11,426
570,899
**_Designated income funds:_**
Income
reserve
account
174,055
377
Travelling
fellowship
account
-
-
**_Designated capital funds:_**
Capital
account
16,698,398
-
**16,883,879**
**571,276**|**Balance**
**at 1 April**
**2020**
**Income**
**£**
**£**
**_Unrestricted funds:_**
Income
account
11,426
570,899
**_Designated income funds:_**
Income
reserve
account
174,055
377
Travelling
fellowship
account
-
-
**_Designated capital funds:_**
Capital
account
16,698,398
-
**16,883,879**
**571,276**|**Balance**
**at 1 April**
**2020**
**Income**
**£**
**£**
**_Unrestricted funds:_**
Income
account
11,426
570,899
**_Designated income funds:_**
Income
reserve
account
174,055
377
Travelling
fellowship
account
-
-
**_Designated capital funds:_**
Capital
account
16,698,398
-
**16,883,879**
**571,276**|**Expenditure**
**£**
(509,983)
-
(10,350)
(7,974)|**Transfers**
**£**
(70,350)
60,000
10,350
-|**Balance**
**Gains and**
**at 31 March**
**losses**
**2021**
**£**
**£**
-
**1,992**
(87)
**234,345**
-
**-**
2,653,601
**19,344,025**
**2,653,514**
**19,580,362**| |---|---|---|---|---|---| ||**16,883,879**|**571,276**|**(528,307)**|**-**|| ## **Income account** The Income account is an unrestricted fund used for the day to day purpose of supporting the operations of the Trust. Transfers are made from the Income account to the other designated funds to support specific grant making activities. ## **Income reserve account** The Income reserve is held to cover major future grants and £60,000 was transferred from the Unrestricted Reserve during the financial year ## **Travelling Fellowship account** The Travelling Fellowship account is held for the purpose of awarding Travelling Fellowship grants. On an annual basis, transfers are made to the account from the unrestricted fund sufficient to meet the value of grants awarded. ## **Capital account** The capital account is held for the purpose of income generation. Trustees have the power to distribute funds from the account but this is not part of the current policy of the Trust. -21- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **13 Analysis of charitable funds – previous year** |**Analysis of charitable funds – previous**|**Analysis of charitable funds – previous**|**Analysis of charitable funds – previous**|**Analysis of charitable funds – previous**|**year**||| |---|---|---|---|---|---|---| |**_Balance_**
**_at 1 April_**
**_2019_**
**_Income_**
**_£_**
**_£_**
**_Unrestricted funds:_**
_Income_
_account_
_160,191_
_674,050_
**_Designated income funds:_**
_Income_
_reserve_
_account_
_157,581_
_3,280_
_Travelling_
_fellowship_
_account_
_-_
_-_
**_Designated capital funds:_**
_Capital_
_account_
_19,537,791_
_9,532_
**_19,855,563_**
**_686,862_**
**Analysis of net assets between funds –**
Investments
Current assets
Creditors falling due within one year
**Fund balances at 31 March 2020 are**
**represented by:**||||**_Expenditure_**
**_£_**
_(694,915)_
_(45,000)_
_(67,900)_
_(23,743)_|**_Transfers_**
**_£_**
_(127,900)_
_60,000_
_67,900_
_-_|**_Balance_**
**_Gains and_**
**_at 31 March_**
**_losses_**
**_2020_**
**_£_**
**_£_**
_-_
**_11,426_**
_(1,806)_
**_174,055_**
_-_
**_-_**
_(2,825,182)_
**_16,698,398_**
**_(2,826,988)_**
**_16,883,879_**
**Designated**
**At**
**capital**
**31 March**
**funds**
**2020**
**£**
**£**
16,924,615
17,023,677
(226,217)
195,014
-
(334,812)
**16,698,398**
**16,883,879**| |||**_686,862_**||**_(831,558)_**|**_-_**|| ||**_19,855,563_**|||||| |||||||| ||||**–**|||| |||||**11,426**
**174,055**||| **14 Analysis of net assets between funds – previous year** -22- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX** ## **FOR THE YEAR ENDED 31 MARCH 2021** ## **Appendix A – Grants made to Charities specified in the schedule to the Trust Deed** ||**Total**|**Total**| |---|---|---| ||**2021**|**to date**| ||**£**|**£**| |Blind Veterans Uk (formerly St Dunstan's)|**-**|11,200| |Ex-Services Mental Welfare Society|**-**|33,000| |Family Welfare Association|**-**|64,228| |Friends of the Elderly|**-**|26,500| |The Friends of St Katherine's House (formerly St John's Hostels for|**-**|13,450| |Elderly Ladies) (St Katherine's House Appeal Wantage)||| |The Gibb Fellowship Fund (formerly British Empire Cancer Campaign)|**-**|3,050| |Greater London Fund for the Blind|**-**|20,550| |Guild of Aid for Gentlepeople|**-**|18,800| |Independent Age (formerly Royal United Kingdom Beneficent Association)|**-**|5,000| |Invalid Meals of London (Invalid Kitchen of London)|**-**|2,050| |League of Remembrance|**-**|7,050| |MacMillan Cancer Support (formerly MacMillan Cancer Relief and|**-**|53,300| |Cancer Relief MacMillan Fund)||| |Moorfields Eye Hospital London (formerly Moorfields Westminster and|**-**|1,500| |Central Eye Hospital)||| |National Council of Social Service (formerly Old People's Welfare|**-**|3,450| |Association)||| |Navy League|**-**|7,400| |"Not Forgotten" Association|**-**|27,000| |People's Dispensary for Sick Animals|**-**|16,600| |Queen Alexandra Hospital Home (formerly Queen Alexandra Hospital|**-**|28,800| |Home for Disabled Ex-Servicemen)||| |Royal Blind Society (Formerly Royal Blind Pension Society of the United K|**-**|36,003| |Royal British Legion (various Branches)|**-**|17,341| |Royal Eye Hospital League of Friends (formerly Royal Eye Hospital)|**-**|1,500| |The Royal Marsden Cancer Campaign (formerly the Royal Marsden|**-**|49,650| |Hospital Charity) (Royal Marsden Hospital) (Royal Cancer Hospital)||| |Royal Medical Benevolent Fund|**-**|2,450| |Royal Wanstead Children's Foundation (Formerly Royal Wanstead|**-**|57,870| |School)||| |St John's Guild for the Blind Worthing|**-**|5,050| |St Martin-in-the-Fields Christmas Appeal Fund|**-**|3,000| |Schoolmistresses' and Governesses' Benevolent Institution|**-**|34,300| |Shipwrecked Fishermen and Mariners' Royal Benevolent Society|**-**|8,250| |Society for the Assistance of Ladies in reduced Circumstances|**-**|2,550| |2 Care (formerly SOS Society)|**-**|25,150| |Winchester Hospital (Amenities Fund)|**-**|1,200| ||**-**|587,242| -23- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**FOR THE YEAR ENDED 31 MARCH 2021**|**FOR THE YEAR ENDED 31 MARCH 2021**|| |---|---|---| |**Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed**||| ||**Total**|**Total**| ||**2021**|**to date**| ||**£**|**£**| |Abbeyfield Holylake and West Kirby Society|**-**|-| |Abbeyfield Knutsford Society|**-**|5,000| |Abbeyfield Lancashire Extra Care Society|**-**|10,000| |Action for Dementia|**-**|15,000| |Action on Elder Abuse|**-**|15,000| |Acre Housing|**-**|8,000| |Adullam Programme|**-**|5,000| |A F & V Launchpad|**-**|8,000| |Age Concern Liverpool & Sefton|**-**|5,000| |Age UK (formerly Age Concern, England)|**-**|86,163| |Age UK Lancashire|**-**|27,990| |Age UK South Lakeland|**-**|5,000| |Age UK Trafford|**-**|5,000| |Aidis Trust|**-**|7,500| |The Aldingbourne Trust|**-**|5,000| |All Saints Church Thelwell|**-**|5,000| |Alzheimer's Research Trust|**-**|8,700| |Ambleside Parish Centre|**-**|8,000| |Anthony Seddon (The) Fund|**-**|3,300| |Artlink, West Yorkshire|**-**|2,500| |The Ashley Foundation|**-**|10,000| |Asirus|**-**|500| |Asylum Link Merseyside|**-**|10,000| |Autistic Society, Greater Manchester Area (ASGMA)|**-**|5,000| |Back Care|**-**|2,000| |Back on Track|**-**|10,000| |Barnabus|**-**|15,500| |Barrow & District Society for the Blind|**5,000**|20,000| |The Basement Night Drop-In Centre|**5,000**|35,000| |BASIC (Brain and Spinal Injury Centre)|**5,000**|20,000| |Bath Institute of Medical Engineering|**-**|22,500| |Beacon Counselling|**-**|3,295| |Bedford Guild House|**-**|2,000| |Beds Garden Carers|**-**|7,000| |Being There|**-**|5,000| |Bendrigg Trust (formerly Lodge)|**-**|41,500| |Betel of Britain|**-**|5,000| |Bipolar UK ( formerly MDF The Bipolar Trust)|**-**|9,000| |Birchall Trust (The)|**-**|5,000| |Birkenhead Young Men's Christan Association|**-**|9,490| |Blackpool Carers Centre Ltd|**(10,000)**|5,940| |Bladder and Bowel Foundation|**-**|3,000| |The Blind Society of North Tyneside Limited|**-**|2,000| |**Carried forward**|**5,000**|**483,878**| -24- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** |**FOR THE YEAR ENDED 31 MARCH 2021**|**FOR THE YEAR ENDED 31 MARCH 2021**|| |---|---|---| |**Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed**||**(continued)**| ||**Total**|**Total**| ||**2021**|**to date**| ||**£**|**£**| |**Brought forward**|**5,000**|**483,878**| |Blue Sky Trust|**-**|5,000| |The Boaz Trust|**-**|5,000| |Body Positive North West|**-**|10,000| |Bollington Community Association|**-**|2,025| |Bolton Deaf Society|**10,000**|11,440| |Bolton Carers Support|**-**|15,000| |Bolton Dementia Support|**-**|-| |Bolton North CAP Centre (St Peter's Church)|**3,000**|3,000| |Bolton STEPS|**-**|5,000| |Bowland Penine Mountain Rescue Team|**-**|12,840| |Breakthrough Uk|**-**|2,000| |Bradbury Fields|**5,000**|17,500| |Brain Centre (The)|**-**|5,676| |The Bridgend Centre|**-**|2,000| |Bridge Priory Trust|**10,000**|10,000| |British Liver Trust|**-**|10,000| |British Red Cross|**20,000**|220,000| |British Skin Foundation|**-**|13,596| |British Stammering Association|**-**|5,000| |The Brittle Bone Society|**-**|4,000| |Bury Hospice|**-**|15,000| |Calibre Audio Library|**-**|7,500| |Calvert Trust|**10,000**|45,000| |Cancer Care North Lancs and South Lakeland|**-**|3,000| |Cancer Support Scotland|**-**|5,000| |Canopy Housing Project|**-**|6,300| |Cancer Community Hub|**-**|45,000| |Care and Respite Support Services|**-**|5,000| |Carer Support South Lakes|**-**|6,000| |Caring for Life|**-**|25,500| |Carlisle Eden Mind|**-**|2,500| |Chester Lodgings and Support Providers (CLASP)|**-**|2,500| |Children's Safety Education Foundation|**-**|2,500| |Christians Against Poverty|**-**|14,500| |Church Housing Trust|**-**|16,500| |Church in the Barn|**5,000**|5,000| |Citizens Advice South Lakeland|**-**|10,000| |Clatterbridge Cancer Research|**-**|5,000| |CROP (Coalition for the Removal of Pimping)|**-**|5,000| |The College of St Barnabus|**-**|23,000| |**Carried forward**|**68,000**|**1,092,755**| -25- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**FOR THE YEAR ENDED 31 MARCH 2021**|**FOR THE YEAR ENDED 31 MARCH 2021**|| |---|---|---| |**Appendix B – Grants made to Charities not specified in the schedule to the Trust**||**Deed (continued)**| ||**Total**|**Total**| ||**2021**|**to date**| ||**£**|**£**| |**Brought forward**|**68,000**|**1,092,755**| |Community Housing and Therapy|**-**|8,000| |Cornerstone Community Care|**-**|13,000| |Council for Assisting Refugee Academics|**-**|60,000| |The Counselling and Family Centre|**-**|5,000| |Criminon UK|**-**|5,768| |Crossroads Care East Lancashire|**-**|4,650| |Crossroads Care North West|**-**|2,700| |Cued Speech Association UK (Formerly National Centre for Cued|**-**|25,000| |Speech)|**-**|-| |Cumbria Cerebral Palsy|**-**|2,500| |Cumbria Community Foundation ( including Cumbria Flood Relief|**-**|17,500| |Recovery Fund)||| |Cumbria Rural Citizens Advice Bureau|**-**|2,500| |Dart International UK|**-**|2,500| |DEC Secretariat (for Somilia, East Africa)|**-**|5,000| |Deaf Connections|**-**|16,500| |Deafblind Scotland|**-**|5,000| |Demand|**-**|-| |Designability|**-**|10,000| |Desitution Project|**-**|8,000| |Diabetes UK|**-**|28,597| |DISA Domestic Violence Centre|**-**|5,000| |Disability Advice West Lancs|**-**|9,300| |Disability Equility (NW) Ltd|**-**|5,000| |Disability North|**-**|3,500| |The Dukes|**5,000**|28,000| |East Cheshire Hospice|**-**|15,000| |East Coast Hospice|**-**|10,000| |East Lancashire Deaf Society|**-**|-| |East Manchester Community Boat|**-**|5,000| |East Meon Parachial Church Council|**-**|8,510| |Emerge 3R's|**5,000**|25,000| |Emmaus Bolton|**-**|5,000| |Emmaus Merseyside|**-**|12,000| |Emmaus Salford|**-**|10,000| |Empowered People|**-**|4,500| |Excellent Development Limited|**-**|26,455| |Family Tree Wirral|**-**|1,500| |Fareshare|**-**|15,000| |Fatima Women's Association|**-**|10,000| |Federation of Jewish Services|**-**|10,000| |Firstlight Foundation|**-**|10,000| |**Carried forward**|**78,000**|**1,533,735**| -26- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**FOR THE YEAR ENDED 31 MARCH 2021**|**FOR THE YEAR ENDED 31 MARCH 2021**|| |---|---|---| |**Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed**||**(continued)**| ||**Total**|**Total**| ||**2021**|**to date**| ||**£**|**£**| |**Brought forward**|**78,000**|**1,533,735**| |Fishing for Heroes|**-**|1,000| |Foodcycle|**-**|5,000| |The Foundation for Prevention of Blindness|**-**|5,000| |Fortalice|**5,000**|5,000| |Frontline Trust|**-**|3,000| |Furniture Matters|**-**|3,000| |The Furniture Station|**-**|10,000| |Fylde Coast Women's Aid|**-**|2,846| |The Genesis Breast Cancer Prevention Appeal|**-**|9,650| |Good News Family Care|**-**|2,500| |Greater Manchester Bangladesh Association|**-**|1,000| |Grit Street Aid|**-**|2,500| |Grizebeck Village Hall|**-**|5,000| |Growing Well|**5,000**|11,000| |Guild Initiative Furniture Trust (GIFT 92)|**-**|3,000| |Halton Haven|**-**|10,000| |Haslingden Community Link|**-**|5,000| |Haven Trust Supporting People Limited|**-**|5,000| |Headway Devon|**-**|5,000| |The Healing Foundation|**-**|75,000| |Heartbeat|**-**|5,000| |Heron Corn Mill/ Beetham Trust|**1,500**|5,350| |HFT|**-**|5,000| |The Fred Hollows Foundation|**-**|2,500| |Hope for Justice|**-**|10,000| |Hopes and Beams|**-**|3,452| |Hornby Village Trust|**-**|1,000| |Hospice at Home West Cumbria|**4,000**|8,000| |Housing Justice (fomerly The Catholic Housing Aid Society)|**-**|19,000| |Humans MCR|**5,000**|5,000| |Huntington's Disease Association|**-**|29,500| |Hyndburn Homewise Society|**-**|7,500| |Imagine If Trust|**-**|3,000| |Independence at Home|**5,000**|5,000| |Institute of Orthopaedics, Oswestry|**-**|274,835| |Institute of Psychiatry|**-**|14,914| |Interact Stroke Support|**-**|8,000| |International Services|**-**|1,000| |**Carried forward**|**103,500**|**2,111,282**| -27- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## APPENDIX (CONTINUED) **FOR THE YEAR ENDED 31 MARCH 2021** |**FOR THE YEAR ENDED 31 MARCH 2021**|**FOR THE YEAR ENDED 31 MARCH 2021**|| |---|---|---| |**Appendix B – Grants made to Charities not specified in the schedule to the Trust**||**Deed (continued)**| ||**Total**|**Total**| ||**2021**|**to date**| ||**£**|**£**| |**Brought forward**|**103,500**|**2,111,282**| |Justlife Foundation|**-**|10,000| |The Karen Hilltribes Trust|**-**|27,274| |Keekle Village Hall|**-**|7,500| |Kirkby-in-furness Community Centre|**-**|10,000| |Kirkgate Arts|**-**|2,500| |Lancaster Girls Grammar School|**5,000**|5,000| |Lancaster University|**50,000**|115,800| |Lancaster University (Biomedical and Life Sciences Division)|**-**|24,000| |Lancaster University (Department of Biological Sciences)|**-**|673,500| |Lancaster Citizens Advice Bureau|**-**|26,618| |Lancaster Girls Grammar School|**-**|12,000| |Lancaster and District Homeless Action Service|**-**|33,000| |Lancaster Royal Grammar School (Peel Further Education Award)|**2,500**|149,700| |Lancashire Flood Appeal|**-**|2,500| |Lancashire Women's Centre|**-**|7,500| |Lake District Mobility|**-**|3,700| |L'Arche|**-**|17,500| |Lattitude Global Volunteering (formerly GAP Activity Projects)|**-**|10,500| |LGBT Foundation|**5,000**|5,000| |Listening Books|**-**|40,750| |Liverpool Bereavement Services|**-**|5,000| |Liverpool School of Tropical Medicine|**-**|55,420| |Limbless Association|**-**|4,000| |Live Music Now North West|**-**|7,000| |The Livings Painting Trust|**-**|2,000| |LOL Foundation (The)|**-**|5,000| |London School of Hygiene and Tropical Medicine|**-**|28,000| |Macular Disease Society|**-**|6,000| |Making a Difference - Tameside|**-**|7,000| |Mali Medics|**-**|500| |Manchester Camerata|**-**|10,000| |Manchester Cares|**5,333**|5,333| |Manchester Centre for Genome Medicine|**-**|13,500| |Manchester City Mission|**5,000**|7,500| |Manchester Fungal Infection Group|**-**|10,000| |Manchester Metropolitan University|**-**|69,525| |Manchester Personal Support Unit (PSU)|**-**|5,000| |Manna House (Cumbria)|**-**|15,000| |**Carried forward**|**176,333**|**3,551,402**| -28- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**FOR THE YEAR ENDED 31 MARCH 2021**|**FOR THE YEAR ENDED 31 MARCH 2021**|| |---|---|---| |**Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed**||**(continued)**| ||**Total**|**Total**| ||**2021**|**to date**| ||**£**|**£**| |**Brought forward**|**176,333**|**3,551,402**| |Marfan Trust|**-**|8,000| |Mary Sunley Canal Boat|**-**|5,000| |Maternal and Fetal Health Research Centre|**-**|10,781| |Mersey Counselling and Therapy Centre|**3,200**|3,200| |Mobility Trust|**-**|5,000| |Mood Swings Network|**-**|10,000| |The Motivation Charitable Trust|**-**|34,000| |Mustard Tree|**7,200**|12,200| |National Eye Research Centre|**8,500**|8,500| |National Gulf Veterans Families Association (NGVFA)|**-**|3,000| |National Talking Newspapers (formerly The Talking Newspaper|**-**|11,000| |Association of the UK)||| |Neuromuscular Centre|**-**|25,133| |New Bridge|**-**|50,950| |Newcastle University|**-**|6,608| |Nicky Alliance Day Centre (Manchester Jewish Community Care)|**-**|5,000| |North Argyll Eventide Home Association|**-**|2,500| |North Lancashire Counselling Service|**-**|3,000| |Northern Institute of Cancer Research (Newcastle University)|**-**|10,000| |Nottingham Trent University|**-**|8,955| |OCD Action|**-**|2,500| |The Olive Branch|**-**|9,500| |Open Door Centre (The)|**-**|5,000| |Open Country|**-**|3,900| |Outreach Community & Residental Services|**-**|10,000| |Parents against Child Sexual Exploitation|**-**|5,000| |Park View 4U|**5,000**|5,000| |Peel Medical Research Trust|**-**|2,188,730| |Peel Studentship Trust (University of Lancaster)|**40,000**|1,102,167| |Personal Support Unit Manchester|**-**|5,000| |The Progressive Supranuclear Palsy Association|**-**|30,000| |Queen Elizabeth Centre Hospital|**-**|3,374| |Raleigh International|**-**|11,000| |Research Centre for Musclosketal Science & Sports Medicine|**-**|18,075| |Re-Cycle (Bikes for Africa)|**-**|10,001| |Rebuild (Bury)|**-**|7,695| |Refresh Limited|**-**|23,000| |Rehabiliation and Medical Research Trust (REMEDI)|**-**|28,000| |Relate Lancashire and Cumbria|**-**|5,000| |Refuge and Migrant Centre|**-**|14,500| |**Carried forward**|**240,233**|**7,261,671**| -29- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**FOR THE YEAR ENDED 31 MARCH 2021**|**FOR THE YEAR ENDED 31 MARCH 2021**|| |---|---|---| |**Appendix B – Grants made to Charities not specified in the schedule to the Trust**||**Deed (continued)**| ||**Total**|**Total**| ||**2021**|**to date**| ||**£**|**£**| |**Brought forward**|**240,233**|**7,261,671**| |The Respite Association|**-**|2,500| |Restore Support Network (North West)|**-**|4,850| |Retired Executives Action Clearing House (REACH)|**-**|33,000| |Ribble Valley Crossroads Ltd|**-**|12,500| |Rochdale Borough Shopmobility|**-**|3,500| |Roehampton University (London)|**-**|23,374| |Rosemere Cancer Foundation ( Lancashire Teaching Hospitals NHS|**-**|10,000| |Foundation Trust)|**-**|-| |The Rossendale Trust|**-**|10,000| |Rossendale and Pendle Mountain Rescue Team|**-**|5,000| |The Rotary Club of Keswick|**-**|2,500| |Royal Holloway University of London|**-**|10,000| |St George's University of London- Division of Clinical Development|**-**|8,500| |Sciences||| |St Andrew's Church|**-**|3,000| |St Andrew's Community Network|**-**|2,500| |St Bride's Church|**-**|15,000| |St John's Guild|**-**|22,714| |St Luke's Hospice Sheffield|**-**|12,000| |St Marks Church|**-**|5,000| |St Oswald's Church|**5,000**|5,000| |St Paul's Eye Unit|**-**|5,000| |St Thomas Church Lancaster|**-**|10,000| |St Wilfred's Centre|**-**|7,000| |St Wilfred's Church Grappenhall|**-**|5,000| |Salford Royal NHS|**20,586**|20,586| |Salvaltion Army (The)|**-**|5,000| |The Salvation Army - Blackpool Citadel Corps|**-**|1,983| |Sandylands Methodist Church|**-**|5,000| |Savera UK|**-**|5,000| |School of Pharmacy and Pharmaceutical Sciences|**-**|15,000| |The Scottish Veterans Garden City Association|**-**|10,000| |SCOPE (Beaumont College)|**-**|74,500| |Seacombe URC|**(10,000)**|10,000| |Sefton O.P.E.R.A|**-**|7,500| |The Sequal Trust (Formerly Sequal)|**-**|10,100| |Sheffield Hallam University|**-**|9,950| |Shopmobility Stockport|**-**|2,000| |Shoulder to Shoulder|**-**|3,500| |**Carried forward**|**255,819**|**7,659,728**| -30- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** |**FOR THE YEAR ENDED 31 MARCH 2021**|**FOR THE YEAR ENDED 31 MARCH 2021**|| |---|---|---| |**Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed**||**(continued)**| ||**Total**|**Total**| ||**2021**|**to date**| ||**£**|**£**| |**Brought forward**|**255,819**|**7,659,728**| |Shrewsbury Drapers Holy Cross Limited|**-**|5,000| |Simeon Care for the Elderly|**-**|6,000| |Sight Advise South Lakes|**-**|9,500| |The Silver Line Helpline|**-**|5,000| |Skerton Community Association|**-**|1,500| |The Society of Mary and Martha|**-**|10,000| |SPA (The Peggy Dodd Centre) (Formerly SREMI)|**-**|16,500| |The Space Centre Preston Ltd|**-**|7,500| |Spadework Ltd|**-**|21,500| |Special Educational Needs Familys Support Group|**-**|5,000| |Spinal Injuries Association|**3,000**|16,000| |Sportability|**-**|2,000| |Springfield Domestic Abuse Support South Lakeland|**7,000**|7,000| |Staffordshire Women's Aid|**-**|9,255| |Stanley Grange Community Association|**-**|15,000| |Stockdales of Sale, Altrincham and District|**7,000**|7,000| |Streetwise Opera|**-**|2,500| |SWACA|**-**|5,000| |Swansea University Medical School|**-**|14,952| |The Swinfen Chariable Trust|**-**|6,000| |Tagsa Uibhist|**-**|-| |Tall Ships Youth Trust|**3,000**|9,600| |Tax Help for Older People|**-**|4,000| |Thomas|**-**|5,000| |Threlkeld Village Hall Trust|**-**|5,000| |TLC Talk,Listen, Change|**-**|5,000| |Tower Hamlets Mission|**-**|10,000| |Trafford Domestic Abuse Services|**-**|3,000| |Treetops Hospice Trust|**-**|15,000| |Triple A Project|**-**|5,000| |Trinity Methodiat Church Clitheroe|**-**|15,000| |Trinity United Reformed Church Lancaster|**-**|14,500| |The Daniel Turnberg Trust Fund|**-**|10,000| |UCANDOIT|**-**|5,000| |UK Med|**10,000**|50,000| |UK North Blind Sailing Association|**-**|1,000| |Ulverston Inshore Rescue|**-**|4,000| |Ulster University|**-**|128,158| |**Carried forward**|**285,819**|**8,121,193**| -31- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** **Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)** |**Brought forward**
UNIQUE
University of Bolton (Neurocognition)
University of Birmingham
University of Cambridge
University of Central Lancashire
University College London
University of Cumbria - Faculty of Health and Science
University of Dundee
University of Edinburgh
University Hospital of Wales
University of Hull
University of Leeds - Institute of Functional Studies
University of Leicester
University of Liverpool
University of London
University of Manchester
University of Oxford
University of Plymouth
University of Salford
University of Salford - Institute of Dementia
University of St Andrews
University of Strathcylde
University of Wolverhampton
Veterans in Communities
Village Water
Vitalise (formerly Winged Fellowship Trust)
Voluntary Action Broxtowe
Walthew House
Walton Lea Partnership
Warrington YMCA
Watford New Hope Trust
Wellbeing of Women
Wellcome - Wolfson Institute for Experimental Medicine
**Carried forward**
University of Cumbria (formerly St Martin's College of Education
Lancaster)|**Total**
**2021**
**£**
**285,819**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**23,094**
**-**
**-**
**-**
**-**
**29,191**
**-**
**64,326**
**-**
**-**
**(2,613)**
**-**
**-**
**-**
**-**
**-**
**4,632**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**to date**
**£**
**8,121,193**
2,000
10,000
12,448
14,956
13,200
12,340
136,051
83,450
-
36,076
9,936
17,000
14,568
23,461
237,228
28,354
384,901
37,297
14,100
95,279
500,000
12,881
8,782
25,000
13,810
31,261
7,750
2,000
7,500
5,000
8,000
3,000
117,209
14,585| |---|---|---| ||**404,449**|**10,060,616**| -32- **THE DOWAGER COUNTESS ELEANOR PEEL TRUST** ## **APPENDIX (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2021** |**Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)**
**Total**
**Total**
**2021**
**to date**
**£**
**£**
**Brought forward**
**404,449**
**10,060,616**
Wesley Community Furniture
**-**
5,000
West Cumbria Women to Women
**9,950**
9,950
West End Impact
**5,000**
5,000
The West of England Multiple Sclerosis Society Limited
**-**
5,000
West Lancashire MS Society
**-**
1,000
West Lancashire Women's Refuge
**-**
3,500
The Wheelboat Trust
**-**
5,000
Whitehaven Community Trust
**5,000**
5,000
Wirral Churches Ark Project
**-**
23,000
WISH
**-**
4,500
Withington Methodist Church
**-**
5,000
Woodlands Quaker Home for Older People
**-**
5,000
The Wolfson Centre for Age-Related Diseases
**-**
10,000
Travelling Fellowships/Grants
**10,350**
416,550
**434,749**
**10,564,116**
Total of grants made before 6 April 2009 which have not been repeated
8,238,387
**18,802,503**|**Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)**
**Total**
**Total**
**2021**
**to date**
**£**
**£**
**Brought forward**
**404,449**
**10,060,616**
Wesley Community Furniture
**-**
5,000
West Cumbria Women to Women
**9,950**
9,950
West End Impact
**5,000**
5,000
The West of England Multiple Sclerosis Society Limited
**-**
5,000
West Lancashire MS Society
**-**
1,000
West Lancashire Women's Refuge
**-**
3,500
The Wheelboat Trust
**-**
5,000
Whitehaven Community Trust
**5,000**
5,000
Wirral Churches Ark Project
**-**
23,000
WISH
**-**
4,500
Withington Methodist Church
**-**
5,000
Woodlands Quaker Home for Older People
**-**
5,000
The Wolfson Centre for Age-Related Diseases
**-**
10,000
Travelling Fellowships/Grants
**10,350**
416,550
**434,749**
**10,564,116**
Total of grants made before 6 April 2009 which have not been repeated
8,238,387
**18,802,503**|**Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)**
**Total**
**Total**
**2021**
**to date**
**£**
**£**
**Brought forward**
**404,449**
**10,060,616**
Wesley Community Furniture
**-**
5,000
West Cumbria Women to Women
**9,950**
9,950
West End Impact
**5,000**
5,000
The West of England Multiple Sclerosis Society Limited
**-**
5,000
West Lancashire MS Society
**-**
1,000
West Lancashire Women's Refuge
**-**
3,500
The Wheelboat Trust
**-**
5,000
Whitehaven Community Trust
**5,000**
5,000
Wirral Churches Ark Project
**-**
23,000
WISH
**-**
4,500
Withington Methodist Church
**-**
5,000
Woodlands Quaker Home for Older People
**-**
5,000
The Wolfson Centre for Age-Related Diseases
**-**
10,000
Travelling Fellowships/Grants
**10,350**
416,550
**434,749**
**10,564,116**
Total of grants made before 6 April 2009 which have not been repeated
8,238,387
**18,802,503**| |---|---|---| ||**434,749**|**10,564,116**
8,238,387| |||| |||**18,802,503**| -33-