## **The Peter Courtauld Charitable Trust** ## **Dated 11 April 1969** **(Charity Commission No. 258827)** ## **Accounts** **for the year ended 5 April 2022** **Trustees’ Annual Report for the year ended 5 April 2022** ## **Reference and Administrative details** **Name of the Charity:** The Peter Courtauld Charitable Trust **Charity Registration No.:** 258827 **Trustees:** Sylvia May Courtauld Simon Pierre Courtauld Farrer & Co Trust Corporation Limited The present directors of Farrer & Co Trust Corporation Limited are: J H Carleton (Resigned 5 January 2023) B L A Cove D E Davidson W J A Gordon S P Graham (Resigned 7 June 2022) A M L Hollingshead C A Kirby R Mainwaring-Taylor C M McAleavey R S McDermott O I G Piper S J Pring J A V Smith A A G Turner S S Von Schmidt Auf Altenstadt S P Shah K N Dunnell L R C Horwood (Appointed 7 June 2022) S H J MacDonald (Appointed 28 June 2022) I R M Paintin (Appointed 13 December 2022) J C Ridgway (Appointed 13 December 2022) **Principal Office address:** Heath Knapp Cottage Etchilhampton Devizes Wiltshire SN10 3JU **Reporting Accountants:** Mercer & Hole Trustees Ltd 21 Lombard Street London EC3V 9AH **Independent Examiner:** Steve Robinson FCA Mercer & Hole LLP 21 Lombard Street London EC3V 9AH Page 1 **Trustees’ Annual Report for the year ended 5 April 2022** _(continued)_ ## **Structure, Governance and Management** |




|**Governing Document:**
The principal governing document is a Charitable Trust Deed dated
11 April 1969. It is a private Charitable Trust controlled by its
trustees.
**Settlor:**
Peter Courtauld
**Appointment of trustees:**
The power of appointing new or additional trustees is vested in the
current trustees. The trustees meet at least once annually and at
such other times as they see fit. The trustees are advised by their
professional advisers as and when necessary, on any developments
affecting the charity.
**Investment Powers:**
The trustees have wide powers of investment, including power to
invest in the name of nominees.
**Management and Control:**
Mr Simon Courtauld has control and overall responsibility for the day
to day management of the charity.
**Risk management:**
The trustees have assessed the major risks to which the charity is
exposed and are satisfied they are not exposed to any significant risks
other than fluctuation in the value of their investment portfolio.
**Objectives and Activities**
**Summary:**
The objectives of the charity are that such of the income and capital of
the trust fund shall be paid or applied for the benefit of such charitable
foundations or purposes as the trustees may from time to time
determine.
**Summary of the main**
The trustees’ general policy is to distribute each year the income
**activities in relation to**
as it arises. From time to time they may also distribute capital.
**objectives:**
The trustees receive applications for grants and consider each one of
the applications at their formal/informal meetings. During the year the
trustees have made 13 grants totalling £28,500 (2021: £24,000).
**Grant making policy:**
The trustees’ policy is to distribute the available income of the trust for
the benefit of registered charities which they consider the settlor, Mr
Peter Courtauld, would have wished to support. They also give
consideration to local charities operating in parts of the country with
which Mr Courtauld, or other members of the Courtauld family, had or
have associations.
**Public Benefit:**
In applying such income and capital, the trustees are supportive of
such charitable causes that are for public benefit. Each year the
trustees review their objectives to reflect their aims. In carrying out
this review, the trustees have considered the Charity Commissioners
general guidance on public benefit.| |---|---| Page 2 **Trustees’ Annual Report for the year ended 5 April 2022** _(continued)_ ## **Financial Review** **Reserves Policy:** The trustees’ policy is to make grants in accordance with the policy above. At the yearend reserves were £180,052.33 (2021: £180,743). The trustees aim to distribute the income received each year. Thereafter the level of reserves will remain at a similar level. **Plans for Future Periods:** The trustees expect to carry on distributing income on a similar basis in future years. ## **DECLARATION:** ## **The trustees declare that they have approved the trustees’ report above.** Signed on behalf of the charity’s trustees ## **Signature:** **Full name** : SP Courtauld **Position:** Chairman of the Trustees **Date:** Page 3 **Trustees’ Annual Report for the year ended 5 April 2022** _(continued)_ ## **Independent examiner’s report to the Trustees of the Peter Courtauld Charitable Trust** I report to the Charity trustees on my examination of the Trust for the year ended 5 April 2022 which are set out on pages 1 to 7. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Steve Robinson FCA Mercer & Hole LLP 21 Lombard Street London EC3V 9AH Date: Page 4 The Peter Courtauld Charitable Trust ## Balance sheet 5 April 2022 |£
Fixed Assets
40,822 Charifund Income Units at cost
(market value £644,563: 2021 £600,888)
Current Assets
Cash balances:
Natwest Business Reserve account
2,226.33
Natwest Current account
100.00
Current Liabilities
Legal and Professional
-
Net Assets
Representing:
Total unrestricted funds
Approved
.............................................................
Simon Courtauld
Approved
...........................................................
Sylvia Courtauld
Approved
...........................................................
Director of Farrer & Co Trust Corporation
Date
2022|£
177,726.00
2,326.33
-
180,052.33
180,052.33|£
£
177,726
5,557
100
5,657
( 2,640)
( 2,640)
180,743
180,743
2021| |---|---|---| Page 5 The Peter Courtauld Charitable Trust ## Statement of Receipts & Payments ## For the year ended 5 April 2022 |2022
£
Receipts
Distributions due
28 May
8,776.73
31 August
7,347.96
15 December
9,389.06
28 February
5,102.75
Bank deposit interest (gross)
Payments
Charitable:
-
2,500.00
2,500.00
2,500.00
-
1,500.00
2,500.00
-
1,500.00
-
-
-
-
2,500.00
-
Prisoners of Conscience
1,500.00
Prior's Court
2,000.00
Smile Train UK
1,500.00
Samaritians
-
Stroke Association
2,500.00
The Hydration Foundation
2,500.00
Tunbridge Wells Hospital
-
Bobby Van Trust
Batten Disease FA
Blind Veterans UK
Camphill
Carers Trust
Childrens Air Ambulance
Crisis UK
Diabetes UK
Goalball UK
Hearing Dogs
Inspire Foundation
Leonard Cheshire Disability
Marie Curie Cancer Care
Motor NeuroneDisease Association
Prospect Hospice
UNICEF
3,000.00
Legal and Professional:
Surplus/(Deficit) on Receipts and Payments account
Balance brought forward at 6 April 2021
Balance carried forward at 5 April 2022|£
30,616.50
1.20
30,617.70
( 28,500.00)
( 2,808.00)
( 690.30)
180,742.63
180,052.33|£
£
7,756
6,940
6,940
4,695
26,331
3
26,334
1,500
-
-
-
3,000
-
-
3,000
-
2,000
3,000
3,000
3,000
-
1,000
-
-
-
3,000
-
-
1,500
-
( 24,000)
( 2,676)
(342)
181,085
180,743
2021| |---|---|---| Page 6 ## The Peter Courtauld Charitable Trust ## Notes to the accounts ## 5 April 2022 ## 1. Categorisation of Donations ## £ Community development (2) 4,500.00 Health (5) 11,500.00 Human services (6) 12,500.00 ## 28,500.00 ## 2. Accounting policy These accounts are prepared on a Receipts and Payments basis. ## 3. Employees The charity had no employees during the year. ## 4. Trustees' remuneration and expenses During the year the trustees' remuneration and reimbursed expenses were nil. ## 5. Transactions with related parties There were no transactions with any related parties during the year. ## 6. Analysis of net assets between funds |Unrestricted|Fixed
Assets
£
177,726|Net Current
Assets/
(Liabilities)
Total
£
£
2,326
180,052| |---|---|---| Funds may be applied at the discretion of the trustees for achieving the objects of the charity as set out in the Deed. |||Net Current|| |---|---|---|---| ||Fixed|Assets/|| |Prior year comparative|Assets|(Liabilities)|Total| ||£|£|£| |Unrestricted|177,726|3,017|180,743| Page 7