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2025-03-31-accounts

THE DOWAGER COUNTESS ELEANOR PEEL TRUST

Charity Registration No: 214684

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

The Dowager Countess Eleanor Peel Trust Contents Year ended 31 March 2025

Page
Legal and administrative information 2
Report of the Trustees 3-9
Report of the Independent Auditors 10-13
Statement of Financial Activities 14
Balance Sheet 15
Cash Flow Statement 16
Notes forming part of the Financial Statements 17-24

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Charity Information Year ended 31 March 2025

Trustees Professor M A Pearson – Chair
C Burgess
D J Parkinson
Professor C P Sibley
Professor C H Toh CBE
Registered Office 50 Fountain Street
Manchester
M2 2AS
Investment manager CCLA Investment Managers Limited
1 Angel Lane
London
EC4R 3AB
Solicitors Hill Dickinson LLP
50 Fountain Street
Manchester
M2 2AS
Auditor Mitchell Charlesworth (Audit) Limited
3rdFloor
44 Peter Street
Manchester
M2 5GP
Bankers Handelsbanken Bank
First Floor
Beckett House
Poulton-Le-Fylde
FY6 8JX
Charity registration number 214684

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Trustees Report Year ended 31 March 2025

The Trustees present their report together with the audited financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in the 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 issued 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 Dowager Countess Eleanor 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:

Professor M A Pearson – Chair R M Parkinson (resigned 27 March 2025) C Burgess (appointed 3 October 2024) D J Parkinson Professor C P Sibley Professor C H Toh CBE

Appointment of Trustees

Trustees are appointed by the agreement of existing trustees, following advertisement of the vacancy, and a structured selection process against a job description and person specification. Prior to appointment, prospective trustees selected for appointment 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 and papers are available to the new trustee.

The Trustees were delighted to appoint Ms Catherine Burgess on 3 October 2024, following an open and competitive process, during which three applicants were interviewed. Ms Burgess brings significant experience of the health and care sectors in Lancashire, including the voluntary sector.

Mr Michael Parkinson resigned as a Trustee on 27 March 2025, following 25 years’ service, which he fulfilled with exceptional and unwavering commitment.

Trustees are permitted by the Trust Deed to receive remuneration of up to 10% of income. Trustees’ remuneration is reviewed annually. Discretionary payments may be awarded from time to time provided that the 10% threshold is not exceeded.

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Trustees Report Year ended 31 March 2025

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:

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.

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, planning future activities and agreeing 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 that grants awarded are for 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.

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:

  1. Charitable bodies administering:

  2. (a) Medical charities including medical research;

  3. (b) Charities in connection with old people;

  4. (c) Charities assisting people who have fallen upon hard times, through no fault of their own; and

  5. Various charitable bodies specified in the Trust Deed

The Trust Deed prohibits Trustees from making grants to charitable bodies primarily devoted to children (taken to mean under the age of 18) or which are under the control of central or local government.

An updated Grant Making Strategy was adopted on 3 October 2024 and is available at www.peeltrust.com

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Trustees Report Year ended 31 March 2025

Grants Awarded

68 grants to a value of £1,018,554 were awarded during the year. Grants totalling £655,313 were awarded for medical research and postgraduate travelling fellowships, whilst a total of £363,241 was awarded in “general” grants. Further details can be found in note 8 of the accounts.

A major medical grant of £329,947, the Professor Sir Robert Boyd Fellowship, was awarded in January 2025 from the designated income funds in the financial year ending 31 March 2025, following a competitive process involving universities in the Trustees’ preferred locations in Northwest England. The three-year award was made to Dr Christopher Hyde at the University of Manchester. His Fellowship, which will commence on 1 July 2025, will address the contribution of the NLRP3 inflammasome to age-related inflammation.

Categorisation

In each category of potential beneficiaries, Trustees will consider the following areas:

The Trust’s Funding Schemes

Medical Research Grants

The Trust awards Medical Research Grants which are categorised as 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). Minor grants are awarded twice per year. The last major medical grant was awarded in January 2025, following an open competitive process, as the three-year Professor Sir Robert Boyd Fellowship. Further details of grants awarded can be found in note 8 of the accounts.

Post-graduate Travelling Fellowships

The Trustees make a number of grants once per year to enable medical or other health professional members to increase their knowledge or research experience at a centre of excellence, usually in another country. It is normally expected that Travelling Fellows will return to apply their enhanced knowledge for the benefit of the health of the UK population. Further details of grants awarded can be found in note 8 of the accounts.

General Grants

In accordance with the Trust Deed, Trustees make ‘general’ grants (normally up to £10,000) four times per year to charities in the North-West which support vulnerable people or ‘those who have fallen on evil times through no fault of their own’. Further details of grants awarded can be found in note 8 of the accounts.

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Trustees Report Year ended 31 March 2025

Assessment of Applications

Assessment Criteria

The Trustees applied the following grant making criteria during the last accounting period:

  1. The Trustees only support applications from charities operating in the “Preferred Locations” of Lancashire (especially Lancaster and District including all LA postcodes), Cumbria, Greater Manchester, Cheshire and Merseyside. The geographical restriction does not apply to Travelling Fellowship Grants.

  2. Preference is given to smaller to medium sized charities where grants will make a difference. Applications for general grants from large well-funded charities (income in excess of £1.25 million per annum) will be rejected automatically if the application is for anything other than a capital project.

  3. The Trustees will support project related applications and running cost applications in addition to capital projects from smaller charities (income up to £1.25 million) which operate in their preferred locations.

  4. The Trustees scrutinise the financial position of all applicants. Those with Income Accounts showing a substantial surplus and/or large reserves, are unlikely to be supported.

  5. The Trustees do make grants to disaster/emergency appeals which are considered on a case by case basis. 6. The Trustees aim to ensure that administration costs for applicant charities are minimised so that, as far as possible, only charities with a realistic chance of support should consider applying for a grant.

  6. Charities receiving a grant in excess £10,000 will be required to provide a written report on the progress of the project supported. Ordinarily grants of in excess £50,000 will not be supported without a presentation to the Trustees.

Assessment Process

All applications for Minor Medical and General Grants are first vetted by the Secretary for eligibility and those deemed eligible are then reviewed by two Trustees. Any applications rejected following Trustee review are listed in the agenda for the next Trustees’ meeting with the reason for rejection. Trustees can, and do, challenge the recommendations for rejection, so that all decisions about applications are agreed by the Trustee body. Applications for consideration at the Trustees’ meeting are presented with a report by the two Trustees undertaking the initial assessment and, in the case of general applications, a summary of the financial statements for the last complete year. In some cases, Trustees agree a grant conditional on further information being obtained, normally by the Chair. The Chair then seeks final approval from the Trustees once the supplementary information has been obtained and shared.

Applications for Major Medical Grants, such as the Sir Robert Boyd Fellowship, are sought from researchers in universities in the North West and assessed by a panel of at least three Trustees. Shortlisted applicants are interviewed by the same panel via video link, and the final selection for award recommended to the full Trustee body.

Applications for Travelling Fellowships are sought from across the UK through national advertisement in the medical professional press and assessed by a panel of at least two Trustees. Shortlisted candidates are then interviewed by video link by the panel and final selection for awards is recommended to the full Trustee body.

Knowledge of Beneficiaries

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.

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Trustees Report Year ended 31 March 2025

Achievements and Performance

The Trustees’ primary Key Financial Performance Indicator is income generation and they are satisfied with the actual income recorded of £654,515.

The value of the capital fund decreased in the year by £1,194,777 to £20,896,649. The decrease is predominantly driven by adverse market movements along with a transfer of £172,000 from the capital account to unrestricted and designated income funds. The Trustees continue to carefully monitor the performance of CCLA Investment Managers in respect of managing the investment portfolio.

Financial Review

Total income received in the year increased by 2.8% to £654,515 as a result of higher distribution rate on the CCLA COIF Charities Investment Fund and an increase in the level of interest received on the cash balances. During the financial year, the Trustees reviewed the income distribution from the CCLA COIF Charities Investment Fund to ensure that the Trust is maximising the funds available for charitable distribution. It was determined that, as the CCLA COIF Charities Investment fund is run on a total return basis, the distribution policy of CCLA was currently favouring capital return over income which is having the effect of reducing the natural distribution yield. The Trustees determined that a 3.5% yield on the investment balance was optimal from an income perspective while sufficient to maintain capital over the long-term. As such the Trustees implemented a new policy to transfer capital to income at the start of each financial year to bridge the gap between the natural income generated from the investment portfolio and the 3.5%. In the year ending 31 March 2024, £172,000 was transferred from capital to income.

Grants to Charities specified in the Schedule to the Trust Deed amounted to £Nil and those not specified in the Schedule amounted to £988,062. Administrative and support costs relating to the Trust’s grant giving activities increased as suppliers passed on inflationary cost rises. For the year ended 31 March 2025, total net expenditure after distribution of grants, but before gains on investments, was £425,992 as shown in the Statement of Financial Activities on page 14. The Trust was in a net loss position predominantly due to the award of the major medical grant of £329,947 as noted below and additional funds available to distribute following the decision to transfer capital to income. The net assets of the Trust at 31 March 2025 were £21,027,797.

The Trustees previously made annual grants to the former Peel Studentship Trust at Lancaster University, as detailed in the appendix to the financial statements. While the Trustees continue to support students experiencing hardship at Lancaster University, following a review by Lancaster University, the Peel Studentship Trust has been dissolved. Our funding is now provided by a restricted grant directly to the Lancaster University. Regular reports are received from the University 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. For the year ended 31 March 2025 the Trustees have adopted a policy to transfer capital to unrestricted funds to enable charitable giving to equate to approximately 3.5% of the closing investment balance at the end of the prior financial year.

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 14 of the accounts). In the prior financial year, the Travelling Fellowship awards were expensed through the income reserve account. In the current financial year these are expensed from unrestricted funds.

Designated income funds include the Income Reserve Account. The Income Reserve Account will continue to be used for major grant commitments such as the Professor Sir Robert Boyd Fellowship.

The Trustees intend to continue to transfer funds into the Income Reserve Account when available with £110,000 being transferred in the year ended 31 March 2025.

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Trustees Report Year ended 31 March 2025

The current balance on the Income Reserve Account as at 31 March 2025 was £17,888.

Investment Policy

The Trustees have wide powers of Investment in accordance with the provisions of the Trustee Act 2000.

Having completed their review of Investment Managers, the Trustees appointed CCLA Investment Management Ltd in July 2020 to manage the investment portfolio with the entire portfolio invested in the COIF Charities lnvestment Fund. The CCLA COIF Charities Investment Fund aims to provide both capital and income growth in real terms over the medium/long-term.

The Investment Policy was reviewed and approved by the Trustees in March 2025. The CCLA COIF Charities Investment Fund objective is aligned with the Investment Policy.

Risk Management

The Trustees continually review the major risks to which the Trust is exposed and have established systems and procedures to manage those risks. The Trustees consider volatility of income generation to constitute the Trust’s major risk. The risk is mitigated by the decision by the Trustees to maintain the amount of income, excluding interest, available for charitable giving at 3.5% of the closing investment balance of the prior financial year. If the natural income from the COIF Charities Investment Fund is more than 3.5%, no capital will be transferred which serves to ensure capital preservation over the long-term. The level of income generated from the portfolio continues to be closely monitored by the Trustees.

The Trustees carefully consider the risk of fraudulent applications and have implemented new security procedures when approving and paying grants.

Public Benefit

The very terms of the Trust Deed direct the Trustees to award grants which will be of public benefit, ie to charities concerned with medical research, supporting older people and people who have fallen on “evil days” [sic] through no fault of their own. In making grants principally to other registered or exempted UK Charities (including educational and other relevant institutions), the Trustees consider such organisations, established as they are for public benefit, are best placed to be parties in support of its charitable objectives.

Plans for Future Periods

  1. The Trustees will be undertaking a major review of their Grant Making Strategy during the financial year 2025/26, with a view to ensuring that their principles, priorities and funding schemes address the current needs of their Preferred Locations.

  2. With two Trustee appointments to replace retirements since April 2023, no new Trustee appointments are anticipated.

  3. The Trustees are committed to social diversity, equality and inclusion. The Trustees will continue to develop systems to identify whether, notwithstanding the directions in the Trust deed in respect of making grants to charities concerned with old people, any person or organization with a protected characteristic is being apparently unfairly disadvantaged in accessing funding, and will monitor the outcome of their decisions at each meeting.

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Trustees Report Year ended 31 March 2025

27/06/2025

This report was approved by the Board of Trustees on ………………………… and signed on its behalf by:

Professor M A Pearson MA PhD HonMFPH Chair

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Independent Auditors report to the Trustees Year ended 31 March 2025

Opinion

We have audited the financial statements of The Dowager Countess Eleanor Peel Trust for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of cashflows and Notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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 other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Independent Auditors report to the Trustees Year ended 31 March 2025

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:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they 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 charitable company 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 the Act and relevant regulations made or having effect thereunder.

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 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 extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

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 non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Independent Auditors report to the Trustees Year ended 31 March 2025

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: (i) The presentation of the charitable company’s Statement of Financial Activities, (ii) the charitable company’s accounting policy for revenue recognition, (iii) the classification of restricted funds in the financial statements, and (iv) management override of controls. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Charities Act, the Charities (Accounts and Reports) Regulations 2008 and the Statement of Recommended Practice - 'Accounting and Reporting by Charities' issued by the joint SORP making body.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with may be fundamental to the charitable company’s ability to operate or to avoid a material penalty. The key laws and regulations we considered in this context included employment law, health and safety at work, and GDPR.

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following:

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Independent Auditors report to the Trustees Year ended 31 March 2025

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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.

Alison Buckley (Senior Statutory Auditor)

for and on behalf of Mitchell Charlesworth (Audit) Limited

Statutory Auditor

3[rd] Floor 44 Peter Street Manchester M2 5GP

Dated: 30/06/2025

Mitchell Charlesworth (Audit) Limited is eligible for appointment as auditor under section 1212 of the Companies Act 2006.

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Statement of Financial Activities

Year ended 31 March 2025

Unrestricted
Funds
Note
£
Income and endowments from:
Investments
4
639,749
_
Total income and endowments
639,749
_
Expenditure on:
Charitable activities
5
725,555
_
Total expenditure
725,555
_
Net income/(expenditure)
(85,806)
Transfers between funds
14
62,000
_
Net income/(expenditure) before
gains/(losses) on investments
(23,806)
Net gains/(losses) on investments
10
-
_
Net movement in funds
(23,806)
Reconciliation of funds
Total funds brought forward
137,066
_
Total funds carried forward
113,260
 Designated
income
funds
£
14,766
_
14,766
_
354,952
_
354,952
_
(340,186)
110,000
_
(230,186)
-
_
(230,186)
248,074
_
17,888
 Designated
Capital
funds
£
-
_
-
_
-
_
-
_
-
(172,000)
_
(172,000)
(1,022,777)
_
(1,194,777)
22,091,426
_
20,896,649
 As restated (Note 16)
Total
Designated
Designated
Funds
Unrestricted
Income
Capital
2025
Funds
funds
funds
£
£
£
£
654,515
625,561
10,843
-
_
_
_
_
654,515
625,561
10,843
-
_
_
_
_
1,080,507
736,704
-
-
_
_
_
_
1,080,507
736,704
-
-
_
_
_
_
(425,992)
(111,143)
10,843
-
-
(90,000)
90,000
-
_
_
_
_
(425,992)
(201,143)
100,843
-
(1,022,777)
-
-
1,858,449
_
_
_
_
(1,448,769)
(201,143)
100,843
1,858,449
22,476,566
338,209
147,231
20,232,977
_
_
_
_
21,027,797
137,066
248,074
22,091,426

 Total
Funds
2024
£
636,404
_
636,404
_
736,704
_
736,704
_
(100,300)
-
_
(100,300)
1,858,449
_
1,758,149
20,718,417
_
22,476,566

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Balance sheet Year ended 31 March 2025

As restated
Designated Designated Total Total
Unrestricted income Capital Funds Funds
Funds funds funds 2025 2024
Note £ £ £ £ £
Fixed Assets:
Investments 10 - - 20,896,649 20,896,649 22,091,426
Current Assets:
Debtors 11 150,820 899 - 151,719 149,403
Cash and cash equivalents 11 257,460 241,936 - 499,396 574,530
_ ___ _ _ _
408,280 242,835 651,115 723,933
Liabilities:
Creditors: amounts falling due within 12 295,020 105,000 - 400,020 338,793
one year
_ _ _ _ _
Net current assets 113,260 137,835 - 251,095 385,140
Total assets less current liabilities 113,260 137,835 20,896,649 21,147,744 22,476,566
Creditors: amounts falling due after 13 - 119,947 - 119,947 -
more than one year
_ ___ _ _ _
Net Assets 113,260 17,888 20,896,649 21,027,797 22,476,566
______ ______ ______ ______ ______
The funds of the Trust:
Unrestricted funds 113,260 - - 113,260 137,066
Designated income funds - 17,888 - 17,888 248,074
Designated capital funds - - 20,896,649 20,896,649 22,091,426
_ _ _ _ _
113,260 17,888 20,896,649 21,027,797 22,476,566
_ _ _ _ _

These financial statements were approved by the trustees on and are signed on their behalf by: 27/06/2025

………………………… Professor M A Pearson MA PhD HonMFPH Chair The notes on pages 17 to 24 form part of these financial statements

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THE DOWAGER COUNTESS ELEANOR PEEL TRUST Statement of Cash Flows Year ended 31 March 2025

Total
Funds
2025
Note
£
Cash flows from operating activities:
Net cash used in operating activities
A
(901,649)
__
Cash flows from investing activities:
Dividends and interest from investments
654,515
Proceeds from sale of investments
172,000
Purchase of investments
-
__
Net cash generated from investing activities
826,515
__
Change in cash and cash equivalents in the reporting period
(75,134)
Cash and cash equivalents at the beginning of the report
574,530
__
Cash and cash equivalents at the end of the reporting period
499,396
__
A
Reconciliation of net income/(expenditure) to net cash flow from operating activities:
2025
£
Net expenditure for the reporting period
(1,448,769)
Adjustments for:
(Gains)/losses on investments
1,022,777
Dividends and interest from investments
(654,515)
(Increase)/Decrease in debtors
(2,316)
Increase/(Decrease) in creditors
181,174
Net cash used in operating activities
(901,649)
 Total
Funds
2024
£
(529,818)
__
636,404
-
-
__
636,404
__
106,586
467,944
_
574,530
__
2024
£
1,758,149
(1,858,449)
(636,404)
11,493
195,393
(529,818)

16 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

1. Accounting policies

Charity information

The Dowager Countess Eleanor Peel Trust is a Charity registered in England and Wales. The registered office is 50 Fountain Street, Manchester, M2 2AS.

1.1 Accounting convention

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.

1.2 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.

1.3 Funds structure

The funds held by the Trust are unrestricted funds, which can be used in accordance with the charitable objectives at the discretion of the Trustees.

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 this account to the other funds to support specific grant making activities.

The Income Reserve Account is held to cover major future grants.

The Capital Account is held for the purpose of income generation.

1.4 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 measure reliably by the Trust. This is normally on the date the fund declares a distribution (ex-dividend) date.

CCLA provide a rebate to the Trust of some of the investment fees charged at the fund level. This rebate is recognised within income when received.

17 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

1. Accounting policies (Continued)

1.5 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 Governance and Support 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.

Charitable activities

The expenditure on charitable activities includes grants made, governance costs and support costs.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowing in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial assets and liabilities are recognised when the Charity becomes party to the contractual provisions of the financial instrument. The Charity holds basic financial instruments which comprise cash at bank, trade and other receivables and trade and other payables.

Basic financial instruments such as social investments, debtors, bank balances and creditors are recognised at transaction value.

1.8 Fixed Asset investments

Investments are initially recognised at their transaction value and subsequently measured at the published bid price 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.

The Trust does not acquire or use put options, derivatives or other complex financial instruments.

1.9 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.

18 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

1. Accounting policies (Continued)

1.10 Taxation

The Charity is exempt from corporation tax on its charitable activities.

2. Critical accounting estimates and judgements

There are currently no significant judgements and estimates applied by the Trust which are considered key to the preparation of the financial statements.

3. 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.

4. Investment income

Investment income
Income from investment funds
Interest Income		 2025
£
633,492
21,023
654,515		 2024
£
621,587
14,817
636,404

Of the investment income received in the year, £14,766 (2024: £10,843) was attributable to designated income funds, £Nil (2024: £Nil) was attributable to the designated capital fund and £639,749 (2024: £625,561) was attributable to unrestricted funds.

5.

Expenditure on charitable activities

Grant expenditure (Note 8):
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
Travelling fellowship awards
Grant related support costs:
Governance and support costs (Note 6)		 2025
£
847,987
-
140,075
988,062
92,445
1,080,507		 2024
£
542,906
-
103,385
648,291
88,413
736,704

19 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

5. Expenditure on charitable activities (continued)

Of the expenditure on charitable activities incurred in the year, £354,952 (2024: £Nil) was attributable to designated income funds and £725,555 (2024: £736,704) was attributable to unrestricted funds.

6. Allocation of governance and other support costs

Governance
£
Trustees’
remuneration
8,075
Trustees’ expenses
-
Website &
Advertising
-
Secretarial Services
-
Audit &
Accountancy
7,800
Book-keeping
-
Other
-
15,875
 Support
£
22,800
2,008
4,632
43,380
-
3,000
750
76,570		 2025
Governance
£
£
30,875
7,650
2,008
-
4,632
-
43,380
-
7,800
7,974
3,000
-
750
-
92,445
15,624
 Support
£
21,600
3,485
4,046
40,028
-
2,880
750
72,789
 2024
£
29,250
3,485
4,046
40,028
7,974
2,880
750
88,413

7. Trustees’ remuneration and related party transactions

The following amounts were paid to the Trustees in respect of their services
as trustee:
R M Parkinson
Professor C P Sibley
Professor R T Ramsden
Professor M A Pearson – Chair
Professor C H Toh
D J Parkinson
C Burgess		 2025
£
4,750
4,750
-
9,500
4,750
4,750
2,375
30,875
 2024
£
4,500
4,500
2,250
9,000
4,500
4,500
-
29,250

Payments to the Trustees are permitted by the Trust Deed.

During the year, expenses totalling £2,008 (2024: £3,485) were reimbursed to 6 (2024: 6) Trustees. These were expenses incurred by Trustees in accordance with the expense policy which was updated on 3[rd] October 2024.

Related party transactions

There were no related party transaction in the year or the previous year.

20 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

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
New grants awarded in the year
Net grant cost in the year (Note 5)
Grants paid in the year
Balance payable carried forward		 (30,428)
1,018,490		 2025
£
305,303
988,062
1,293,365
(793,141)
500,224		 (16,040)
664,331		 2024
£
135,666
648,291
783,957
(478,654)
305,303

During the year grants were made to 68 (2024: 63) institutions for the following purposes:

Medical charities including medical research
Charities in connection with old people
Charities assisting people who have fallen upon evil times through no fault of
their own
Scheduled charities
Other charitable purposes
Total grants made to charities
Travelling fellowship awards
Total grants made		 2025
£
484,746
36,130
287,111
-
40,000
847,987
140,075
988,062
 2024
£
153,064
11,000
298,842
-
80,000
542,906
105,385
648,291

9. Auditor’s remuneration

The auditor’s remuneration constituted an audit fee of £7,800 (2024: £7,974) for the year to 31 March 2025 (inclusive of VAT). In addition, non-audit fees of £3,000 (2024: £2,880) were paid to the firm of auditors for the provision of book-keeping services.

21 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

10.
Fixed asset investments
Capital account
Market value brought forward at 1 April 2024

Additions to investments at cost
Disposals at carrying value
Net gain/(loss) on revaluation
Market value as at 31 March 2025


Historical cost as at 31 March 2024

Investments at market value comprised:
Pooled investment vehicle

Market value as at 31 March 2025
 2025
£
22,091,426

-
(172,000)
(1,022,777)
20,896,649


18,826,540


20,896,649

20,896,649

 2024
£
20,232,977
-
-
1,858,449
22,091,426
18,826,540
22,091,426
22,091,426

All investments are carried at their market value. Holdings in common investment funds, unit trusts and openended investment companies are carried at the bid price.

11.
Analysis of current assets
Accrued income
Cash and cash equivalents
Total current assets

12.
Creditors: amounts falling due within one year
Creditors and accrued charges
Grants payable
13.
Creditors: amounts falling due after more than one year
Grants payable		 2025
£
151,719
499,396
651,115

2025
£
19,743
380,277
400,020

2025
£
119,947
119,947
 2024
£
149,403
574,530
723,933
2024
£
33,490
305,303
338,793
2024
£
-
-

22 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

14. Analysis of charitable funds – current year

Balance at 1
April 2024
Unrestricted funds:
Income account
137,066
Designated income
funds:
Income reserve account
248,074
Designated capital funds:
Capital account
22,091,426
22,476,566
 Income Expenditure
639,749
(725,555)
14,766
(354,952)
-
-
654,515
(1,080,507)

 Transfers
Gains and
losses
Balance at
31 March
2025
62,000
-
113,260
110,000
-
17,888
(172,000)
(1,022,777)
20,896,649
- (1,022,777)
21,027,797

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 £110,000 (2024: £90,000) was transferred from the Unrestricted Reserve during the financial year.

Capital account

The capital account is held for the purpose of income generation. Under the Trust Deed, the Trustees have the power to distribute funds from the account.

Analysis of charitable funds – previous year (as restated)

Balance at 1
April 2023
Unrestricted funds:
Income account
338,209
Designated income
funds:
Income reserve account
147,231
Designated capital funds:
Capital account
20,232,977
20,718,417
 Income Expenditure
625,561
(736,704)
10,843
-
-
-
636,404
(736,704)

 Transfers
(90,000)
90,000
-
-
 Gains and
losses
Balance at
31 March
2024
-
137,066
-
248,074
1,858,449
22,091,426
1,858,449
22,476,566

23 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

15. Analysis of net assets between funds – current year

Unrestricted Designated Designated As at 31
funds income funds Capital funds March 2025
£ £ £ £
Fund balances at 31 March 2025 are
represented by:
Investments 20,896,649 20,896,649
Current Assets 408,280 242,835 - 651,115
Creditors falling due within one year and
after more than one year (295,020) (224,947) - (519,967)
113,260 17,888
 20,896,649
 21,027,797
Analysis of net assets between funds – previous year
Unrestricted Designated Designated As at 31
funds income funds Capital funds March 2024
£ £ £ £
Fund balances at 31 March 2024 are
represented by:
Investments - - 22,091,426 22,091,426
Current Assets 349,182 374,751 - 723,933
Creditors falling due within one year (212,116) (126,677) - (338,793)
137,066 248,074 22,091,426 22,476,566

16. Prior period adjustment

In the prior year Travelling fellowship awards were shown in the Statement of financial activities as Expenditure on charitable activities under Designated income funds, it has been decided by the Trustees in the current year that this should be shown as Expenditure on charitable activities under Unrestricted funds.

A prior year adjustment has been made to show the Travelling fellowship awards of £105,385 as Expenditure on charitable activities under Unrestricted funds rather than Designated income funds. This has also resulted in a decrease in the transfers between funds from £195,385 to £90,000.

This adjustment has not resulted in a change to the Statement of financial activities funds closing position as at 31 March 2024 and no changes to the Balance sheet.

24 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

Appendix A – Grants made to Charities specified in the schedule to the Trust Deed

Blind Veterans UK (formerly St Dunstan’s)
Ex-Services Mental Welfare Society
Family Welfare Association
Friends of the Elderly
The Friends of St Katherine’s House (formerly St John’s Hostels for Elderly Ladies)
(St Katherine’s House Appeal Wantage)
The Gibb Fellowship Fund (formerly British Empire Cancer Campaign)
Greater London Fund for the Blind
Guild of Age for Gentlepeople
Independent Age (formerly Royal United Kingdom Beneficent Association)
Invalid Meals of London (Invalid Kitchen of London)
League of Remembrance
MacMillan Cancer Support (formerly Macmillan Cancer Relief and Cancer Relief
MacMillan Fund)
Moorfields Eye Hospital London (formerly Moorfields Westminster and Central
Eye Hospital)
National Council of Social Service (formerly Old People’s Welfare Association)
Navy League
“Not Forgotten” Association
People’s Dispensary for Sick Animals
Queen Alexandra Hospital Home (formerly Queen Alexandra Hospital Home for
Disabled Ex-Servicemen)
Royal Blind Society (formerly Royal Blind Pension Society of the United Kingdom)
Royal British Legion (various branches)
Royal Eye Hospital League of Friends (formerly Royal Eye Hospital)
The Royal Marsden Cancer Campaign (formerly the Royal Marsden Hospital
Charity) (Royal Marsden Hospital) ( Royal Cancer Hospital)
Royal Medical Benevolent Fund
Royal Wanstead Children’s Foundation (formerly Royal Wanstead School)
St John’s Guild for the Blind Worthing
St Martin-in-the-Fields Christmas Appeal Fund
Schoolmistresses’ and Governesses’ Benevolent Institution
Shipwrecked Fisherman and Mariners’ Royal Benevolent Society
Society for the Assistance of Ladies in reduced Circumstances
2 Care (formerly SOS Society)
Winchester Hospital (Amenities Fund)		 Total
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
___
-
 Total
To date
£
11,200
33,000
64,228
26,500
13,450
3,050
20,550
18,800
5,000
2,050
7,050
53,300
1,500
3,450
7,400
27,000
16,600
28,800
36,003
17,341
1,500
49,650
2,450
57,870
5,050
3,000
34,300
8,250
2,550
25,150
1,200
___
587,242

25 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed

Total Total
2025 To date
£ £
Abbeyfield Knutsford Society - 5,000
Abbeyfield Lancashire Extra Care Society - 10,000
Absent - 3,000
Action for Dementia - 15,000
Action on Elder Abuse - 15,000
Acre Housing - 8,000
Adullam Programme - 7,500
A F & V Launchpad - 13,000
Afghanistan and Central Asian Association - 7,500
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 Thelwall - 5,000
All Together Now - 2,500
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
Audacious Foundation 10,000 10,000
Autistic Society, Greater Manchester Area (ASGMA) - 5,000
Back Care - 2,000
Back on Track 5,000 20,000
Bahja Initiative 7,500 7,500
Barnabus - 20,500
Barrow & District Society for the Blind - 20,000
The Basement Night Drop-In Centre - 35,000
BASIC (Brain and Spinal Injury Centre) - 20,000
Bath Institute of Medical Engineering - 22,500
Beacon Counselling - 3,295
Bedford Guild House - 2,000
Beds Garden Carers - 7,000
Beign There - 5,000
Bendrigg Trust (formerly Lodge) - 46,500
Betel of Britain - 5,000
Bipolar UK (formerly MDF The Bipolar Trust) - 9,000
Birchall Trust (The) - 5,000
Birkenhead Young Mens’ Christian Association - 9,490
Blackpool Carers Centre Ltd - 15,940
Bladder and Bowel Foundation - 3,000
The Blind Society of North Tyneside Limited - 2,000
Blue Sky Trust 6,500 14,500
___ ___
Carried forward 29,000 566,378

26 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued) Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)
Total Total
2025 To date
£ £
Brought forward 29,000 566,378
The Boaz Trust - 5,000
Body Positive North West - 10,000
Bollington Community Association 5,000 7,025
Bolton Deaf Society - 11,440
Bolton Carers Support - 15,000
Bolton North CAP Centre (St Peter’s Church) - 3,000
Bolton STEPS - 5,000
Borderline Counselling Services 2,500 2,500
Bowland Pennine Mountain Rescue Team - 12,840
Breakthrough UK - 2,000
Bradbury Fields - 17,500
Brain Centre (The) - 5,676
The Bridgend Centre - 2,000
Bridge Church Bolton - 11,000
British Disabled Angling Association 4,000 9,000
Bridge Priory Trust - 10,000
British Liver Trust - 10,000
British Red Cross 12,500 262,500
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 - 55,000
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 8,702 19,702
Caring For Life - 25,500
Carlisle Eden Mind - 2,500
Cheshire Dance 5,000 5,000
Chester Lodgings and Support Providers (CLASP) - 2,500
Children’s Safety Education Foundation - 2,500
Christ Church Morton - 5,000
Christians Against Poverty - 14,500
Church Housing Trust - 16,500
Church in the Barn - 5,000
The Choir with No Name - 2,800
Citizens Advice North Lancashire 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
Colne Citadel 2,990 2,990
Colne Open Door Centre Ltd - 5,000
Community Cancer Hub - (45,000)
___ ___
Carried forward 74,692 1,244,747

27 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)
Total Total
2025 To date
£ £
Brought forward 74,692 1,244,747
Community Housing and Therapy - 8,000
Community Little Hulton - 6,000
Community Lives Matter - 4,200
Community Solutions North West Ltd - 3,000
Compass Counselling Services - 5,000
Cornerstone Community Care - 13,000
Council for Assisting Refugee Academics - 60,000
Council for at Risk Academies - 10,000
The Counselling and Family Centre 5,000 10,000
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 Speech) - 25,000
Cumbria Cerebral Palsy - 2,500
Cumbria Community Foundation (including Cumbria Flood Relief Recovery) - 17,500
Cumbria Deaf Association - 4,000
Cumbria Drug and Alcohol Advisory Service - 7,500
Cumbria Rural Citizens Advice Bureau - 2,500
Cyril Flint Befrienders - 4,000
Dart International UK - 2,500
DEC Secretariat (for Somalia, East Africa) - 5,000
Deaf Connections - 16,500
Deafblind Scotland - 5,000
Dementia Together Wirral 4,000 8,000
Designability - 10,000
Destitution Project - 8,000
Diabetes UK - 28,597
DISA Domestic Violence Centre - 5,000
Disability Advice West Lancs - 9,300
Disability Equality (NW ) Ltd) - 5,000
Disability North - 3,500
Distress Support Foundation - 2,500
The Dukes - 28,000
East Cheshire Hospice - 15,000
East Coast Hospice - 10,000
East Manchester Community Boat - 5,000
East Meon Parochial Church Council 125 8,885
Elisha House 10,000 10,000
Embassy 10,000 10,000
Emerge 3R’s - 30,000
Emmaus Bolton 12,500 27,500
Emmaus Merseyside - 12,000
Emmaus Salford - 10,000
Empowered People - 10,500
Excellent Development Limited - 26,455
Family Tree Wirral - 1,500
Faith in the Community Fleetwood - 4,000
Fareshare - 15,000
___ ___
Carried forward 116,317 1,772,802

28 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)

Total Total
2025 To date
£ £
Brought forward 116,317 1,772,802
Farnworth Baptist Church - 5,000
Fatima Women’s Association - 10,000
Federation of Jewish Services - 10,000
Firstlight Foundation - 10,000
Fishing for Heroes - 1,000
Foodcycle - 5,000
Footsteps 200 Limited - 3,500
The Foundation for Prevention of Blindness - 5,000
Fortalice - 5,000
The Friendship Circle - 3,500
Frontline Trust - 3,000
Furniture Matters - 3,000
The Furniture Station - 10,000
Fylde Coast Women’s Aid - 2,846
The Fylde Rugby Community Foundation 2,500 2,500
The Genesis Breast Cancer Prevention Appeal - 9,650
Gforce 5,000 5,000
Good News Family Care - 2,500
Grace Life Church Ltd 9,800 9,800
Greater Manchester Bangladesh Association - 1,000
Grit Street Aid 8,500 16,000
Grizebeck Village Hall - 5,000
Greater Manchester Blood Bikes - 2,500
Growing Together Project 10,000 17,500
Growing Well - 18,000
Guild Initiative Furniture Trust (GIFT 92) - 3,000
Halton Haven - 10,000
Haslingden Community Link - 5,000
Haven Trust Supporting People - 5,000
Headway Devon - 5,000
The Healing Foundation - 75,000
Heartbeat - 5,000
Heron Corn Mill/Beetham Trust - 5,350
HFT - 5,000
The Fred Hollows Foundation - 2,500
Higher Folds Community Centre (Leigh) Ltd - 7,500
High Level Northern Trust 5,000 10,000
Homeless Support Project - 5,000
Homes of Hope - 5,000
Homes to Work Ltd 5,000 8,000
Hope for Justice - 10,000
Hopes and Beams - 3,452
Hornby Village Trust - 1,000
Hospice at Home West Cumbria - 8,000
Hourglass (Safer Ageing) - 5,000
Housing justice (formerly The Catholic Housing Aid Society) - 19,000
Hulme Community Garden Centre 10,000 10,000
Humans MCR - 11,000
___ ___
Carried forward 172,117 2,162,900

29 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)

Total Total
2025 To date
£ £
Brought forward 172,117 2,162,900
Huntington’s Disease Association - 29,500
Hyndburn Homewise Society - 7,500
Imagine If Trust - 3,000
Independence at Home - 5,000
Institute of Orthopaedics, Oswestry - 274,835
Institute of Psychiatry - 14,914
Interact Stroke Support - 8,000
International Aid Trust - 10,000
International Services - 1,000
Jewish Action for Mental Health 7,500 7,500
Jigsaw (Bury) - 3,000
Just-ice Poynton 3,000 9,000
Justlife Foundation - 10,000
The Karen Hilltribes Trust - 27,274
Kairos Housing 10,000 10,000
Katie Piper Foundation - 10,000
Keekle Village Hall - 7,500
Kirby-In-Furness Community Centre - 10,000
Kirkgate Arts - 2,500
Lancaster Christ Church PCC - 2,500
Lancaster Girls Grammar School - 32,000
Lancaster University - 425,976
Lancaster University (Biomedical and Life Sciences Division) - 24,000
Lancaster University (Department of Biological Sciences) - 673,500
Lancaster Citizens Advice Bureau - 26,618
Lancaster and District Homeless Action Service - 43,000
Lancaster Royal Grammer School (Peel Further Education Award) - 149,700
Lancashire Flood Appeal - 2,500
Lancashire Women’s Centre - 7,500
Lake District Mobility - 3,700
L’Arche - 17,500
Latitude Global Volunteering (formerly GAP Activity Projects) - 10,500
Leyland Baptist Church - 7,500
LGBT Foundation - 5,000
Lightbeam Academy - 10,000
Listening Books 4,500 45,250
Liverpool - (9,160)
Liverpool Bereavement Services - 5,000
Liverpool School of Tropical Medicine - 55,420
Liverpool University Hospital NHS Trust - 19,942
Limbless Association - 4,000
Live Music Now North west - 10,000
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
___ ___
Carried forward 197,117 4,233,869

30 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)

Total Total
2025 To date
£ £
Brought forward 197,117 4,233,869
Manchester Action on Street Health - 10,000
Manchester Alliance for Community Care 5,000 15,000
Manchester Camerata - 10,000
Manchester Cares - 10,333
Manchester Centre for Genome Medicine - 13,500
Manchester City Mission - 12,500
Manchester Fungal Infection Group - 10,000
Manchester Metropolitan University 58,372 155,803
Manchester Personal Support Unit (PSU) - 5,000
Manchester Sikh Foundation - 5,000
Manna House (Cumbria) - 15,000
Marfan Trust - 8,000
Marriage Care 6,600 11,100
Mary Sunley Canal Boat - 5,000
Maternal and Fetal Health Research Centre - 10,781
Mellor and District Community Assoc - 5,000
Mencap Liverpool - 9,000
Mersey Counselling and Therapy Centre - 3,200
Merseyside Dementia Friendly Radio CIC 5,000 5,000
Mobility Trust - 5,000
Mood Swings Network - 10,000
Morecambe Bay Partnership 5,000 5,000
More Music in Morecambe 7,500 15,000
The Motivation Charitable Trust - 34,000
Movema 5,000 5,000
Mustard Tree - 26,700
National Eye Research Centre - 8,500
National Gulf Veterans Families Association (NGVFA) - 3,000
National Talking Newspapers (formerly The Talking Newspaper Association of the
UK) - 11,000
Nature Warriors 5,000 5,000
Neuromuscular Centre - 25,133
New Bridge - 54,950
Newcastle University - 6,608
Nicky Alliance Day Centre (Manchester Jewish Community Care) - 5,000
Nightsafe Limited - 15,000
North Argyll Eventide Home Association - 2,500
Northern Care Alliance Fund - 29,000
North Lancashire Counselling Service - 3,000
Northern Institute of Cancer Research (Newcastle University) - 10,000
Nottingham Trent University - 8,955
The Oasis Centre 5,000 5,000
OCD Action - 2,500
Oldham Inspiring Youth - 4,000
The Olive Branch (10,000) 9,500
Open Door Centre (The) - 12,500
Open Country - 3,900
Open Hands 10,000 10,000
___ ___
Carried forward 299,589 4,888,832

31 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued) Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)
Total Total
2025 To date
£ £
Brought forward 299,589 4,888,832
Outreach Community & Residential Services - 15,000
Paintings in Hospitals - 2,500
Parents Against Child Sexual Exploitation - 5,000
Park View 4U - 10,000
Parkhaven Trust - 5,000
PCC St Silas, Blackburn - 7,500
Peel Medical Research Trust - 2,188,730
Peel Studentship Trust (University of Lancaster) 40,000 1,265,167
Personal Support Unit Manchester - 5,000
The Progressive Supranuclear Palsy Association - 30,000
Queen Elizabeth Centre Hospital - 3,374
Raleigh International - 11,000
Reach Family Project - 10,000
Research Centre for Musculoskeletal Science & Sports Medicine - 18,075
Re-Cycle (Bikes for Africa) - 10,001
Rebuild (Bury) - 7,695
Refresh Limited - 23,000
Rehabilitation and Medical Research Trust (REMEDI) - 28,000
Relate Lancashire and Cumbria - 5,000
Refuge and Migrant Centre - 14,500
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
Rosehill Youth Theatre & Solway Hall 9,928 9,928
Rosemere Cancer Foundation (Lancashire Teaching Hospitals NHS Foundation
Trust) - 10,000
The Rossendale Trust - 10,000
Rossendale and Pendle Mountain Rescue Team - 5,000
Resource Blackburn - 5,000
The Rotary Club of Keswick - 2,500
Royal Holloway University of London - 10,000
SARELI (Salford Refugees UK) - 3,500
SEN-Families Support Group - 2,500
Speaking Up Speaking Out - 3,000
St George’s University of London – Division of Clinical Development Sciences - 8,500
St Andrew’s Church - 3,000
St Andrew’s Community Network - 2,500
St Brides 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
St Paul’s Eye Unit - 5,000
St Thomas Church Lancaster - 10,000
St Wilfred’s Centre - 7,000
___ ___
Carried forward 349,517 8,790,240

32 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)

Total Total
2025 To date
£ £
Brought forward 349,517 8,790,240
St Wilfred’s Church Grappenhall - 5,000
Salford Community Relations Link Project - 2,500
Salford Royal NHS (19,822) 764
Salvation Army (The) - 5,000
The Salvation Army – Blackpool Citadel corps - 1,983
Sandylands Methodist Church - 5,000
Savera UK - 5,000
Save the Family 5,750 5,750
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
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
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 - 3,500
The Society of Mary and Martha - 10,000
South Lakes Action on Climate Change Towards Transition 5,000 5,000
SPA (The Peggy Dodd Centre) (formerly SREMI) - 16,500
The Space Centre Preston Ltd - 7,500
Spadework Ltd - 21,500
Special Educational Needs Family Support Group - 5,000
Spinal Injuries Association - 16,000
Spoons 7,000 7,000
Sportability - 2,000
Springfield Domestic Abuse Support South Lakeland 2,000 14,000
Staffordshire Women’s Aid - 9,255
Stanley Grange Community Association - 15,000
Stockdales of Sale, Altrincham and District - 7,000
Stockport User Friendly Fellowship - 4,500
Stockport Progress and Recovery Centre - 2,500
Streetwise Opera - 2,500
Supporting People in Need - 7,500
SWACA - 5,000
Swansea University Medical School - 14,952
The Swinfen Charitable Trust - 6,000
Tall Ships Youth Trust - 15,600
Tax Help for Older People - 4,000
Team Oasis Children’s Charity - 10,500
Third Space Bolton 10,000 10,000
Thomas - 5,000
Tom Harrison House 25,000 25,000
___ ___
Carried forward 384,445 9,241,594

33 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)

Total Total
2025 To date
£ £
Brought forward 384,445 9,241,594
Threlkeld Village Hall Trust - 5,000
Time Out Group (North West) 4,000 4,000
TLC Talk, Listen, Change - 5,000
Together Dementia Support 7,500 19,500
Tower Hamlets Mission - 10,000
Trafford Domestic Abuse Services - 3,000
Treetops Hospice Trust - 15,000
Triple A Project - 5,000
Trinity Methodist Church Clitheroe - 15,000
Trinity United Reformed Church Lancaster - 14,500
The Alliance Manchester - 5,000
The Daniel Turnberg Trust Fund - 10,000
The Destitution Project - 5,000
The Shoebox Fairies - 3,500
UCANDOIT - 5,000
UK Med - 80,000
UK North Blind Sailing Association - 1,000
Ulverston Inshore Rescue - 6,000
Ulster University - 128,158
UNIQUE - 2,000
University of Bolton (Neurocognition) - 10,000
University of Birmingham - 12,448
University of Cambridge - 14,956
University of Central Lancashire 32,732 45,932
University College London - 12,340
University of Cumbria – Faculty of Health and Science - 130,327
University of Cumbria (formerly St Martin’s College of Education Lancaster) - 83,450
University of Edinburgh - 36,076
University Hospital of Wales - 9,936
University of Hull - 17,000
University of Leeds – Institute of Functional Studies - 14,568
University of Leicester - 23,461
University of Liverpool - 270,443
University of London - 28,354
University of Manchester 413,464 920,684
University of Manchester (Salford Royal Hospital) - 10,000
University of Oxford - 36,290
University of Plymouth - 14,100
University of Salford - 120,248
University of Salford – Institute of Dementia - 500,000
University of St Andrews - 12,881
University of Strathclyde - 8,782
University of Wolverhampton - 25,000
Veterans in Communities - 13,810
Village Water - 40,891
Vison Care for Homeless People 5,846 5,846
Vision of Adventure - 5,000
Vitalise (formerly Winged Fellowship Trust) - 7,750
___ ___
Carried forward 847,987 12,013,825

34 | P a g e

THE DOWAGER COUNTESS ELEANOR PEEL TRUST NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

Appendix B – Grants made to Charities not specified in the schedule to the Trust Deed (continued)

Brought forward
Voluntary Action Broxtowe
Vulture Club
Walthew House
Walton Lea Partnership
Warrington YMCA
Watford New Hope Trust
Wellbeing of Women
Wellcome – Wolfson Institute for Experimental Medicine
Wells Community
Wesley Community Furniture
West Cumbria Women to Women
West Cumbria Domestic Violence Support
West End Impact
The West of England Multiple Sclerosis Society Limited
West Lancashire MS Society
West Lancashire Women’s Refuge
The Wheelboat Trust
THE WIDOWS EMPOWERMENT
Wigan Warriors Community Foundation
Wildwood Days
Whitehaven Community Trust
Wirral Churches Ark Project
WISH
Withington Methodist Church
Woodlands Quaker Home for Older People
The Wolfson Centre for Age-Related Diseases
Travelling Fellowships/Grants
Yad Veachisomoch L’Chaim
Total of grants made before 6 April 2009 which have not been repeated		 Total
Total
2025
To date
£
£
847,987
12,013,825
-
2,000
-
20,000
-
16,500
-
5,000
-
8,000
-
3,000
-
117,209
-
14,585
-
7,500
-
5,000
-
9,950
-
10,000
-
12,000
-
5,000
-
1,000
-
3,500
-
5,000
-
5,000
-
5,000
-
5,410
-
5,000
-
23,000
-
4,500
-
5,000
-
5,000
-
10,000
140,075
836,354
-
8,000
_
_
988,062
13,171,333

8,238,387
___
21,409,720

35 | P a g e