Charity r8g13tratlon numbor 269065 THE PETER SAMUEL CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
THE PETER SAMUEL CHARITABLE TRUST LEGALAND ADMINISTRATIVE INFORMATION Tru$tèes Rt. Hon T Viscount Bearsted The Hon. PA J Samuel Charfty numbgr 269065 Prlnclpal addfOS$ The E$tale Office- Farley Estate Fartey Hall Castle Road Fat1ey Hill Berkshire RG7 1UL Ind•pendent examinor Critchley5 Audit LLP Beaver House 2>3e Hythe Bridge Street Oxford Oxford$hlre OX1 2EP Bankevs Lloyds Bank Pk Private Bankin9 Branch 21- 23 Hill Street London W1J 5JW InVljBnt Manayrs Waverton Investment Management Limited 16 Babmaes Street London SW1Y 6AH
THE PETER SAMUEL CHARITABLE TRUST CONTENTS Pag• Trustees, reFQrt Statemgnt of trusiees, responsibilities Independent examinevs Teport Statement of finanaal activities Balan¢e sheet Notes to the finanaal statements 6-10
THE PETER SAMUEL CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustees present tt)eir annual report and financial statements for the year ended 31 March 2022. StnKknre. G0Man¢8 and Manag•m•nt Goveming document The ehanty is controlled by ils goveming document, a deed of INst, and constitutes an ninrporated tharity. Oryanisaticfftal stTUCture The day to day administration ofthe chadty was carded out by Ms C Ward in conjunction wlh joint Trustees. ObJoCtlv•s and a¢llvltloS The charity was established under * Irugt deed datod 17 January 1975. The Trustee5 hold the ¢aptsl and Income on twsl to apply as they think fft for the purposos which are exclusively charilat4e. The Trustees seek io promote the family's interest in medi¢al sciences, the qualty of Ife in local area5, heritage and foresterlland resloralion. All funds are self-generated and no donation$ are sought Irom other SOue8. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what actlvlties the ¢harty should undèrtake. Summary of Polltl•s To make charitable donations within the 8¢ope of income received. A¢hle¥emènts and p•rfomian¢• Charitablg actlvitio During the year, the trijst supported many drfferent worthy organisatlons via donations amounling to £147.500 12021.. £69,700}. Inveslm•nt P8rforman¢e The trust maintains investments vthich are held lo generate fvnds from Nthi¢h grants ¢an be made to worthy causes. Due to their traded natu, the Tw$tees Tecognise that the capital value of the trust's inveslm&nls will vary year on year, dependent upon market forces. During the year, the investments produced an inwme of £130,201 12021.. £87,923}. Future Plan$ The Trustees hyill continue lo support the Ydork of registered charities, voluntary organisalions, religiou$ bodies cf silar causes.
THE PETER SAMUEL CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 The trustees are responsible for preparing the Trustees, Report and the financial statements in OrdanCe wlh applicable W and Unf(ed Kingdom Accounting Standards (United Kingdom Generally Accepted AccounliTra Practi¢e). The law appIlble to ¢haiitie$ in England and Wales requlres the Iwstees to prepare financial statements for each fjnancial year which give a true and fair view of the slate of affaiTS of the charity and of the incoming resources and application ol resources of the charty for th* year. In preparing these finanaal ststemenls, the trustees are required to.. - select suilabk aOntIng policies and then apply them consistently.. - obseNe the methods and principtes in the Charities SORP., - make judgements and e$t#nates Ihat are reasmable and pnjjenl: stste whelher appli&3ble accounting standards have been followed, subject to any material departures discbsed arKI explaine<l in the financial statements,. and prepare the financial statements on the 99ing concern basis unlw ri 1$ Inappropriate lo presume that the chariiy wll conb'nue in op8ration. The tru$lees are responsible for keeping sufficlent accounting records that disclose with reasonable x¢uracy at y time the ffinancial position of the Charity and enable them lo ensure that the finanaal $talem&nls comply wrth the chariti.es Act 2011. the Charity IAc¢ounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for Safeguarding the assets ol Ihe charity and hence for taking reasonable slep5 for the prevention and detection of fraud anLI other irregularthes. Signed behalf of trustee on Rt. Trustee scounl Be8rsted
THE PETER SAMUEL CHARITABLE TRUST CRITCHLEYS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PETER SAMUEL CHARITABLE TRUST We report to the Iruslees on my examination of the financial statements of The Peter Samuel Charitable Trust {the chaiityl for the year ènded 31 March 2022. Respon$Sbllltlos and bas1$ of rnport As the trustees of the charity you are re5pon8ible f¢r the preparalion of the financial statements in a¢¢ordance th the requirements of the Charities Act 2011 Ithe 2011 Act). I report in rèspe¢l of my examination of the charity's financial statements ¢arried out under seciion 145 of the 2011 Act. In carying out my examination I have followed all the applicable Directions given by the Char Commiswon under section 145{511bl of the 2011 Act. Independent examln9rf$ Statsmont Your attention 1$ drawn to the fad that the charity has prepared financHI statements in aceordance with Accounting and Reporting by Charitiès prepariny their accounts in accordance wlh the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 in preference lo the A¢counUng and Reporting by Charities.. Slatement of Recommended Practice issued on 1 Apiil 2005 1¢h is reforred to in the extsnt regulations but has now been withdravm. l understand that Ihis has been done in order for financial statemènts to provide a true and falr vlew In a¢cordance with Generally Accepted Accounting Practice effeclive for reportlng perigd$ beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection wilh the examination giving me cause to believe that in any material respect= accounting records were not kept In respecl of the charFty as required by section 130 of the 2011 ACL or the financial stslements do not a¢¢ord wth those records., or the financi81 stslemenls do not comply the applicable requirements ¢onceming the form anJ wntenl of a¢¢ounl$ sèl out in the Charibes (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which 1$ not a matter consldered a$ part of an indèpendent examination. I have no concerns and have come across no other matters in connection with the wminallon lo which attention should be drawn in this report in order to enabbe a proper understanding of the financial statements to be Robert Kirfland FGA Crltchl&ys Audit LLP Beaver House 2348 Hythe Bridge Street Oxford Oxfordshire OX1 2EP 4 August 2022 Ded: .........................
THE PETER SAMUEL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unre$trl¢ted Unr•strictod funds funds 2022 2021 ncome from: Investments 130.21S 87,929 Raising funds 43,858 37,251 Donatlons Govemance Costs 147,500 2,574 69.700 2,490 Total charitabl• axp8nditure 150,074 72.190 Total eXndItUre 193,732 109,441 Net gainslllo$$e$l on investments 570,713 1.214,388 N•t In¢om• for the yearl N*t mov•m•nt in funds 507,196 1,192,876 Fund balances al 1 April 2021 6,312,378 5.119.502 Fund balancgs •¢ 31 March 2022 6.819.574 6.312,378 The Statement of financial aclivilies includes all gains and losses recognised in the year. All irKome and expenditure derive from continuing activtbes.
THE PETER SAMUEL CHARITABLE TRUST BALANCE SHEET ASAT31 MARCH2022 2022 2021 Fixed ass•ts Inve51ments 6,811.317 6.294,561 Curront assots Cash at bank and in hand 31.837 20,247 Crfjditorn: amounts falling du• thrfthln on• y•ar 123.5801 {2,430) Net current assets 8.257 17.817 Total assets les¥ curr•nt liabilities 6.819,574 6,312,378 Income funds Unrestricted fvnd8 6,819,574 6,312.378 6,819,574 6,312.378 Th ancial statement 01- 05- 2022 by the Trustees on ........... Rt. Hon T Viscount BeIed Trust0•
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2022 Accounting F>oIici Charlty Inforniatlon The Peter Samuel Charitable Trust Is an unincorporated Charlty reglstered in England and Wale$. The regi$teTed office is The E8tste Office - Fadey Estste, Fadey Hall. cast Road, Farfey Hill, Be[k$hi, RG7 1UL. 1.1 A¢¢Wng convention The financial statements have been prepared in accordance wth, the Charities Act 2011 and 'Accounting and Reporting by Charities., Statement of Recommended Practice appIlble to charTiTes pparing their accounts in ac¢ordan¢e with the Financial Reporting Standard apiCable in the UK and Republic of Ireland (FRS 102} {effedi¥e 1 January 2019}" The charty is a Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charibes applying FRS 102 Update BLll8ts'n 1 not to prepare a Slalement of Cash Flows. The financial statements have departed from the Charities {ADnts and RepoTt$l Regulab'ons 2008 onty to the extent required lo provide a true and fair wew. Thi$ departure has involved followng the Ststement of Recommended Practice for Charities applying FRS 102 rather than the verslon of the Statement of Recommended Practice 1¢h is referred lo in the Regulations bul which has since been wrthdr8wn. The finan¢ial $tatemenls are prepared in sterfing, vthi¢h Is the functional currency of the charity- Monetary amounts in these financial stslements are rounded to the neare$l £. The financial stslemenl$ have been prepared under the hisltsrical cost conventim. 1.2 Going cOnM Al the lime of approving the financial Statements, the trustees have a r$asonable expectation that the charity has adequate re$ources to continue in operational exi$len¢e for the foreseeable future. Thus the trustees Continue lo adopt the going concern b8$is of a¢counting in preparing the financial statements. 1.3 Charitabh fund$ Unrestricted funds gre available for use at the di$crelion of the truste99 in furtherance of Iheir charit¥ble objectives. Reskn"cted funds are subject to specific ¢onditions by donors as to how they may bo usgd. The purposes and uses of the restricted fvnds are set out in the notes to the finanaal statements. Endowment funds are subject to specrfic conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised vthen the charity is legally entled to il after any perfomian¢8 condiEion$ have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are re¢ognl8ed once the charity has been notified of the donation, unless perfomance conditions require deferral of the amount. Inme L recoverable in relation to donations received under Grft Aid or deeds of covenant 1$ reujgnised at the ts'me of the donation,
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountlng poWcle$ Icontinuedl Legacies are recognised on re¢eipt or otherwise If the Charity has been noted of an impending distribution. the amount is known, and receipt is expected. If the amount is not knovm, the legacy is treated as a contingent asset. 1.5 Exp•nditur8 Expenditure is reeognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, il 18 probable that a transfer of economic benefits wll be required in settlement. and the aMJnI of the obligation can be measured reliably. Expenditure is dassrfied by actiwty. The costs of each activity are made up of the total of direct costs and shared costs, induding support costs involved in undertaking each activity. Direct $t$ attributable lo a $ingle activity are allo¢ated directly to that activity. Shared co$18 whi¢h ¢ontribute lo more than one activity and support ¢o$ls which are not 8ttributable lo a single actr'vity are apportioned betsn those activities on a basis consislenl with the use of resources. Central staff cos15 are allocated on the basis of time spent, and depreciatlon charges are allocated on th• portion of the a35el's use. 1.6 Flxgd assot investments Fixed asset inve51menl$ are initially measured at transaction price excluding transaction ¢osts. and are sub$eqvently measured at fair value at each reporting date. Change$ in fair value arn recognised in net Incomel{expendilurel for year. Transaction costs ar• expensed as incurre<l. 1.7 C$h and eash equlyalents Cash and cash equivalents include cash in hand, deposlts held at call vAih banks, ¢)ther $hort-tem liquid investments with Orin81 maturities of three month5 OT less, and bank overdraft5. Bank overdrafts are shown wilhin borrowngs in cuNent liabil05. 81¢ flnanclèl assets Basic financial 85sels, whith Irlude debtors and cash and bank balances, arg inrtialty measured at transaction price including Iran$act)n costs and are subsequendy carried at amorti$ed cost using the Èfte¢tive intere51 method unless the arrangement ¢onstitLTrtes a financing transaction, where the transaction is measured al the present value of the luture receipts discounted al a market rale of interest. FinanrAal a35ets classified as receivable vh1n one year are not arnortis¥d. 8asl¢ financial liabilitles Basi¢ financial liabilith'es, ineluding creditors an(J bank loans are initially wegniSed al Iransaclion price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the pre$ent value ol the fuluie payments discounted at a market rate of interest. FiTrancial liabilities ¢las$ified as payable within one year are not anh)rtised. Debt instruments are subsequently carried al amortised cost, using the offective interest rate method. Trade creditors are obligations to pay for goods OT services that have been acquired in the ordSnary wurse ol operath.ons from suppliers. Amounts payable are classified as Current liabilities if payment is due wthin one year or less. If not. they are Presented as non<urrent liabilith"es. TradÈ creditors are recognised inilially al transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of Ilnancial fiabilities Financial liabilities are derecognised vthen the charity'$ ¢ontraclual obligations expire or are dlscharged or cancelled.
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Critical ac¢ountlng ostlmatss and Judgomonts In the application of the eharrty's accounting policie$, the trustee8 are required to make ludgemerrts. estimates and assumptions about the carrying amount of assets and liabili)es that #re not readily apparent fr(4n other sources. The estiffiates and a$socialed assumpts'ons are based on histoiical experience and other factors that are considered to be relevant. Actual resutts may differ from these estimates. The estimate$ and underlying assumptions are revlewed on an ongoing basis. Revisions lo accounting estimates are recogni$e¢J in the period in whith the eslirnate is revi8ed vA)ere the revision affects only that period, or in the period of the revision and future periods where the reVIOn affects both current and future periods. Invosknents Unrnstrictsd Unrestricted funds Jnd$ 2022 2021 Investment Income Interest receivable 130,201 14 87,923 130.215 87,929 Ral8lng ndS Unrestricted Unrestricted fvndl fund$ 2022 2021 Investment management 43.658 37,251 43.658 37,251
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charltable activiti•s DonatlonsGovernanc• Costs 2022 Totsl DonationJGovoman 2022 Costs 2021 Total 2021 2022 2021 Charitable Activhe$ 147,$00 2,574 150.074 69,700 2.490 72,190 Donations 2022 2021 Action on Hearing Loss Afghanistsn & Central A$iwTr Associabon AJEX Charitsble Foundation Bumblebee Conservation Trust Cancer Research UK Civic Community Securty Trust Countyside Alliance Foundation Countryside Learning Crohns & Colitis UK Exmoor Search & Rescue Team Game & Wldlife ConseNalion Trust Henry Jackson SoG*ty Highland and Island Blood Bbkes Jewsh Care Jewish Community Secondary School Kew Botanic Gardens Kings College London Marie Curie Cancer Care Norwood Ravenswood Plantlife Prostate Cancer UK Royal National Institute for the 81irKI Royal Beths NHS Foundation Trust Scouands Charity Air Ambulance S¢otti$h Mountain Rescue Sexeys Hospital Swilch Back Thames ValleyAirAmbulan¢& Trust UCL. Cancer Insts'tul University of Highlands & ISlats 1th1th"nglon Health NHS Trust Vvoodland Trust 1,000 1,000 5,000 1.000 1,000 200 3,000 3,000 70,000 3,000 500 1,000 2,000 500 1,000 2.000 500 5,000 15,000 500 3.500 1.000 2,000 5,000 3.500 2.000 30,000 1.000 3,000 1,000 1,500 1,000 1,000 500 500 500 1,000 1,500 500 1,000 1,000 2,000 2,000 25.000 2,000 2.000 5,000 Gov•rnan¢e Costs Independent Examiners Fee Underlloverl accrual of last ye¥rs fee 2,580 2,430
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 Trusteès None of the trustees {or any persons connected with them) recelved any rwnuneration or benefiis from the ¢harity during the year. Flxed a¥t Imio$lm•nts Usted invèstments Ca$h In portfollo Total Cost or viluatlon At 1 AprFI 2021 Additions Valuation changes Other movement$ Disposals 8,174.533 1,505,300 570.713 120.028 {1,505.3001 6,294,561 570.713 {53,8531 153,8531 1.699,164 11,699,184) Al 31 March 2022 6,551.382 260.039 6,811,421 Carrylng •mount At 31 Mar¢h 2022 6.551.382 260.039 6,811,421 At 31 March 2021 6,174,533 120,028 6,294,561 Creditors: amounts fallw¥g due TArythin yoar 2022 2021 Other creditors 23,580 2,430 Analysls of n•t assots betn fvnds Unrostricted Unre$lricled fund$ fijnds 2022 2021 Fund balances al 31 March 2022 are represented by.. Investrnents Current assel&llliabilf(iesl 6.811.317 6.294.561 8.257 17,817 6,819.574 6,312,378 10 Rglat•d party transacti There were no diS¢k$ab related paty transactions during the year12021- none). 10-