The Peter Courtauld Charitable Trust Dated 11 April 1969 (Charity Commission No. 258827) Accounts for the year ended 5 April 2025 Mercer ees The Peter Courtauld Charitable Trust Trustees. annual report forthe yearended 5April 2025 Reference and administrative details Name of the Charity: The Peter Courtauld Charitable Trust Charity registration no: 258827 Trustees: Sylvia May Courtauld Simon Pierre Courtauld Leila All￿ Barclay-Smf(h Jonathan Louis Courtauld Principal office address: Heath Knapp Cottage Elchilh8mpton DevrLes Willshire 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 The Peter Courtauld Charitable Trust Trustees, annual report for the year ended 5 April 2025 (contsnuedj Structure overnance and mana ement 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 al least once annually and at such other times as they see fil. The trustee5 are advised by their profession81 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 eontrol and overall responsibilty for the day-to4ay management ofthe 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 signrficant risks other than fluctuation in the value of their investment portfolio. Ob-ectives and activities Summary: The objectNes of the charty are that such of the income and capital of the trust ftjnd shall be paid or applied for the benefit of such charvcable foundations or purposes as the trustees may from time to lime determine. Objectives and activities: The trustees, general policy 15 to distribute each year the income as rt arises. From time to time they rnay also distribute capital. The trustees re￿1ve applications for grants and Consider each one of the applications at their formawinformal meetings. During the year the trustees have made 14 grants lotslling £28,000.0012023'. £40,000). 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 consideralron to local charities operating in parts of the country wf(h which Mr Courtauld. or other members of the Courtauld family, had or have assooialions. Publie banefrt: In applying such income and capf(al, the trustees are supportive of such charitable causes that are for public benefrt. Each year the Iruslees review their objectnies lo fleGt their aims. In ¢aTrying QLrt this review. the tnjstees have consi(tered the Charty Commissioners general guidants on public benefit_ The Peter Courtauld Charitable Trust Trustees, annual report for the year ended 5 April 2025 fcontinuedj Financial review Reserves policy: The trustees. policy is lo make grants in accordance with the policy above. Al the year-end ￿serveS were £193,877.11 {2024= £198,338). The trustees aim lo distribute the ineome received each year. Thereafter the level of reserves wll remain at a similar level. Plans for future perlods- The trustees expect to carry on distributing income on 8 similar basis in future years. Res ective res onsibilities of trustees Aecounting guidelines: The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance w(Ih applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requires the trustees lo prepare financial stslements for each financial year which give a true and fair view of the stale of affairs of the charty and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to.. a) select suitable accounting policies and then apply them consistenlty., b) observe the methods and princip￿ in the CharitEs SORP 2019 IFRS1021'. c) rnake judgements and estimates that are reasonable and pDJdent', dl stale whether applicable accounting starxlards have been followed, subject to any material departu￿$ disclosed and explained in the financial statements,. el prepare the financial statements on the going concem basis unless rt Is inappropriate to presume that the charity will continue in operation. The twslees are responsible for keeping accounting records that disclose wf(h reasonable accuracy at any time the financial pos(£ion of the char-ty and enable them lo ensure that the financial ststements comply wtth the Charities {Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularilÈs. **The Peter Courtauld Charitable Trust** ## **Trustees’ annual report** **for the year ended 5 April 2025** _(continued)_ ## **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:** - 4 - **The Peter Courtauld Charitable Trust** ## **Independent Examiner’s Report to the Trustees of the Peter Courtauld Charitable Trust** I report to the charity trustees on my examination of the accounts of The Peter Courtauld Charitable Trust for the year ended 5 April 2025 which are set out on pages 1 to 8. ## **Responsibilities and basis of report** As the charity’s trustees 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 charity’s accounts carried out under section 145 of the 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. 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: - 5 - The Peter Courtauld Charitable Trust Balance sheet at S April 2025 2025 2024 Note Fixed assets 40.822 Ch8rifund Income Units at cost 177.726.00 177,726 Current a$sets Cash balances.. Handelsbanken account 16.151.11 20.612 16.151.11 20,612 193.877.11 198.338 Representing: Total unrestrlcled fund5 193.877.11 198,338 Approved by the trustees on .................... and signe(l on their behalf ty. Trustee The Peter Courtauld Charitable Trust Income and expenditure account for th• year 8nded 5 Aprll 2025 2025 2024 Note Receipts Distributions due.. 31 May 2024 30 August 204 13 December 2024 28 February 2025 10.001.39 8,368.51 12,858.93 5,715.08 26.126 8,369 11.430 5.511 36,943.91 233.69 37.177.60 51,436 193 51,629 Bank deposit interest Igrossl Payments Charitable Asthma & Lung UK Auts"stica Bowel ReSea￿h UK British Epilepsy Assouakn'¢)n British Heart Foundation Criminon UK CyBtic Fibrosis Tnjst Gurkha Welfare Trust Hospice in the Weald Interact Stroke Support Kit Wilson Trust Marinè Conservation Society MayField & Five Ashes Communty Services Pancreatic Cancer Prospeet Hospice Royal British Legion Sand Dams Worldwde Salvation Am)y SOS Children's Villages Support dogs Stoke Mandeville National Spinal Charity The Brain & Spine Foundation The Ntttiofial Brain The Remembrance Trust The Respite A$S￿l8￿0n UNICEF War Memorials Trust Wings for Warriors 2,000.00 2,000.00 2,0(X) 2,000.00 3,000 2.000 3,000 2,000.00 2.000 3,000 2,000 2.000.00 2.(X)O 2,000.00 2.000.00 2,000 3.000 3,000 2,000.00 2,000.00 2,000 3,000 2.000.00 3.(M)O 2,000.00 2,000.00 5,000 2,000.00 2,000.00 128,000.001 { 13.637.801 14.460.201 land rofessional SurplusllDefiatl on r*ipts and payments aecount Balance brought forward at 6 April 2023 Balance caryied forward at 5 April 2024 140,0001 19,081} 2.548 198,337.31 195,790 193.877.11 198.338 The Peter Courtauld Charitable Trust Notes to the accounts for the period ended S April 2025 1. Categori$ation of donations 2025 2024 Community development (11 Health {61 Human ServI￿S{4) Environment131 2,000.00 12,000.00 8,000.00 6.000.00 28.000.00 6,000 19,000 12,000 3,000 40,01)O 2. Analysis of legal and professional expenses 2025 2024 Accoulnacy fees Legal fees Bank charges 11,220.00 2.400.00 17.80 13 637.80 9,060 21 3. A¢¢ounting policy These accounts are prepared on a Receipts and Payments basis. 4. Employees The charity had no employees during the year. S. Trustees. remuneration and •xpèn$es During the year the trustees. remuneration and reimbursed expenses were nil. 6. Tran$a¢tlons with related parties There were no transactions wtth any related parties during the year. 7. Analysi$ of net assets between funds Net Current Assetsl (Liabilities) Current year Fixed Assets Total Unrestricted 177 726.00 16 151.11 193 877.11 Funds may be applied at the discretion of the trustees for achieving the objects of the charity as sel out in the Deed. Net Current Assetsl Prior year comparative Fixed Assets Totsl Unrestiided 177,726 20,612 198.338 The Peter Courlauld Charltable Tru8t Schgdulo of Invo8tm011t5 and Income Yoar •nilod 5th Aprll 2025 Holdlng Book Valu8 61041Z024 0610412024 Addltlons Quantity DIspo8al6 Quantlty Pro¢¢ed$ Prollt (Lossl Htsldlng Book Valuo Mark¢t Value 0510412025 0510412025 0510412025 Net In¢ornfr ¢c+6t M & G Equllie$ Inv&stmBllt Fund for Charitles IChaAfvndl Income unlts 40,822.00 177,726.00 10,001.39 8.368.51 12,858.93 5,715.08 40.822.00 177.726.00 619,800 TOTAL.. 177.726.00 177.726.00 619,800 36,943.91