crfty rngl•tration Nmb•r 269065 THE PETER SAMUEL CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE PETER SAMUEL CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION RL Hon T M$count B•aTSted The Hon. M J Samuel Ch#rity nUMb•r Prfncipwl •ddrv4• The Eslalo Offi¢e- F8rW Estate Farfey Hall Castle Road Farfey Hill B*rkshire RG7 1UL Independent ¥xamln•r CrilchloysAudit LLP BgaveT House 2348 Hythe Bridgo Street Oxford OX12EP Bankern Uoyd¥ B8nk PIC Privote Banking Brah 21- 23 Hill $1reet London J5JW Inv•stmont Manag• Vb&verton Investment Management Limited 18 Babmaes Slreet London SW1Y 6AH
THE PETER SAMUEL CHARITABLE TRUST CONTENTS Tru8lees' report SLemenl oftru8l$es' r8sponslbilitS Independent 6xarf4ne¢8 rep(l statement of thanual actNilie8 B•i•nce sheet Notss to th8 fin8naal statèments 6-11
THE PETER SAMUEL CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Thts trusttss pr•s•nl hir annu report and finanaal statemerts for the year ended 31 mth 2024. Structur•, Govwnanc• and Managem•nt Govemlng doojment The charity is controlled by its governing docLwnen( a deed of trust, constitutas an unincorporat•d chaiity. OrganYJalional slructvre The day to day administration of the chanty wos carried oul ty Ms C Wwd in coryunction V1h joint Ttee3. Obiecli¥e8 and adiviti•8 ctharity was est8blished under a tru$l deed dated 17 J8wary 1975. The Twstees hold the capital aTrJ income on trust k* apply as they think fft for the purposes which are exclusNety arStsble. The Tru31e83 seek lo promote the farnllls interest in medic818cAench8. the qualty of life in local areas, heritage and foTesterAand restoration. Al fvrHls are selffjenerated and no donations are sought from oth8r sour8. The tru8tees have paid due regard lo guidance isBued by the Charity Corrthission in deadw what tlleS the tharity 8hould jertake. Summary ol Pollcle8 To make chitable donat8 wthin the scope of income reced. Achlevem•nts and rtOM1#n Charitable acti¥iti•s During the year, the tvust SUFqJOrted many different worthy or9gnisations via dongtlw¥ omounling to £109.150 023.. £109.6501. Inv•slment Perfomiance The trusl maintains investments lch are hehj to gene funds from whh gronts can be made to worthy causes. Due to their traded nature. the Trustees reo)9nlse that the e8pital vglue of the trust's inveslmerrts s11 vary year on year, dependent upon mat forces. During the year. the investments produced an incom¥ of £149,571 12023- £137,401). Future Plan• The Trustees wli I continua 10 6UPWtlhe wort of r8gistwed thaith•s, vduntary cffjanls8tlons. reThgious bodl9$ or similar causes.
THE PETER SAMUEL CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Thts trustees we responsible for prep¥rir¥ the Trustees. Report and tho financAal Btatements kn accordance with applicatAe law and Vnlt•d lQngdom AccounliNJ Standards Iunlted lfjngdom Gengrally Accepted AcruntIng Pr8CtltrAI. The law appITble to ¢hrities in Eng18nd 8nd Wo1•s requires the Irust8e$ to prepare finanual st¥lemenl$ for each finandal year whith gi¥e a true and fair view of the state of affairs of ¢h•rty and of the incr)rniny r•sources and application of resour¢$ of the charity for that ye¥r. In preparing fln8nryal statements, the trust••s are required lo: - select suitable aruntIng p0clOS and then appty them con5iStenlty', - observe the methods and prfnaples in the Charfes SORP,. - make judgements and est6m•tes that are rea8on8bl• and prudent" - stst• wh8ther applicabl¢ #txounting standards havo b•¢n followed. subie¢t to any materi81 depaJr88 d18dosed and explained In the finanryal ststements.. and - prepAre the firtancial statsments on the going concern b816 eSS it is inappropnale lo presurne Ihat tho ¢h8rity I ntInUe In OFeral•)n. The trustees are responsible for ke&plng sufficient attounung records that disdoye wth reasonable a¢[8¢Y at any li? tho finanual p0sOn of thè d)arity and enalAe thÈm to ensure that the finantyal statements compty wilh the ChaiitiesAct 2011, the Chaiity (Aecounts Reports) Regulations 2LKJ8 and the provi$ic*ns of the trust dèed. T are 8180 responsie for safe9uardino th• assets of the charty and hence for tsking reasonable steps for the prèwntion and delect•)n of fraud 8nd other irie ulavitses. d vn bghawoftwst T Viscount Be¥rstsd TDJstee
THE PETER SAMUEL CHARITABLE TRUST CRITCHLEYS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PETER SAMUEL CHARITABLE TRUST report lo th• trustees on my examinatK)n of the finanual statements of Th8 Peter sarn1 Chwllgble Trust {the chorityl for the year ended 31 March 2024. Repon•lbllltle• and ba¥1• of ¥•port A3 the truste&$ of the ¢harity you are responsible for Ihfj prepgr81ion of the finano81 statements In arxordance with the requlremgnts of tho Charitie6Ad 20111th8 2011 Act). I report in TespoGt of my examinatlon of the tharly'8 flnan¢ial ststements carried wt undr s8dion 145 of Ihe 2011 Ad. In carrying oul my examination I have followed al the applieable DIrectior given by the Ch8rlty Cornmisslon urKler sedon 1451511b} of the 2011 Ad. Independent •xwnln•Vs tstement I have completed my èxamination. I Confi that no mattets have me to ry attentl¢M In connedon wth the examination gmng me U$¢ to believe that in any material re8pe¢L' •c&iunling records were not kept In rp¢¢t of the charty as required by 8¢¢tiM 130 ofthe 2011 Aca,. or the finanrial sts18mènts do not Accord Mth those record8: OT the n•nrial statements do not comply wrfh the 8pplicable requirements concerning the fomi and Djntent ol accounts set out in the Charities (Accounts $nd Reports) Regulation8 2008 other than any rUirement that the accounts gr¥0 a tru• and fair view whi(* nol a mattar considered as part of an Independent examinalion. I have no ¢oncom8 and have come YKross no other maltws in connection wÉth the examination to whth attention should bè drawn in this rewl in order to en8ble 8 proper erstandIng of the finanri81 stotements to be reached. Al•xand•r Tomklnson ACA crftchleys Audit LLP Beaver Housg 2>38 Hythe Bridge Street Oxford OX12EP 02108124
THE PETER SAMUEL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 UThr•strlcted Unre•trlet fund¥> fvnd$ 2024 2023 Notsg Incomg from: Donotions Inveslments 5.263 149.834 3.210 137.506 Totsl incom• 155.097 140,716 R•ising funds 45.857 43.798 h8 lea ljonab.ons G0Mance Costs 109.150 3.300 109.650 3,CK)O Total ch•ritablè •xp•ndlture 112.460 112.650 Totsl •xpenditur• 158,107 156.448 Not gainslOo8se¥) on Investments 843.497 {199,0831 N•t In¢¢mell•xpondblur•) lor t ye•rl N•t mov•m•nt In funds 840,487 (214,815) Fund b8nS at 1 April 2023 6,604.759 6.819,574 Fund balan¢•s at 31 Pfiarch 2024 7.445.246 6,604,759 The stslfjment of fUn(la1 advitiès iludeS all gain8 and10$8es rewnised in tho year. The slaternent of financAal acbvities indudes #ll gairva and losses recognI89d In the year. AN Sncome and gxpgnditure derive frorn Ixjnlinuing aetivities.
THE PETER SAMUEL CHARITABLE TRUST BALANCE SHEET ASAT31 MARCH2024 2024 2023 Nots$ Flxed asget• Investsnents 10 7,445.888 6,3.607 Currnnt a$3ets Cash al bunk and in hand 10.778 31,152 Cr•ditors'. amounts f#lllr¥ duevlithin one year 11 (11.4001 po.¢xoi N•t current (Il•bilitieFya8¥0ts (6221 1.152 Totsl as8•ts Iw curr•nt1SablllU•s 7,445,246 6,604.759 Thè funds ofthe charity Unrestricted fvnd8 7.445.246 6,eQ4.759 7.445,246 8,f,759 rial stalemenl ved by the trust¥¥s on ... on T Visc<)unt Be4rsled Tru&tee
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Wl¢l•s Charity Informa0 The Petsr Samugl Chatitable Twst is an unincorporated Chaiity regIsteO In EnglaThJ and Walè& The Tegi8terod 081$ The Estate Office- Fwley Estate. Fwfey H811, C8stte Road. Farfey Hll, Berkshire, RG7 1UL. 1.1 Accountlng convenli The finanLyal ststements have been prepar•d in accordance with. thè Charitses Act 2011 and"A¢tr)unting and Reporting by Charities.. Statement of Re(MMended Practice apICabl¢ to ch81itles preparing their aciy)unts In accordan( wth the Financial Reporting Standard applicable in the UK and Republic of IrelAnd IFRS 1021 (effective l J¥rwry 2019).. The chanty a PublG Befil Entity as dtrfkned by FRS 102. The charity ha$ tsk¢n advantage of the in SORP for apptying FRS 12 UFKJat• Bulletin 1 not to prepare 8 Statement of Cash Flo. The financial statement¥ have departed from the Charffjes IAco)unts and Reports) Regulalions 2008 onty to the extent required to provhle a true and fair vl¢w. This departure has invofv•d following the Statement of Recomrnended Pro¢tic• for charit5 apptying FRS 102 rather than the versSon of the Slatement of Recommended Practice which is referred to in tho RÈgulations but vthith has $inc¢ been wthdrawn. The financial statemert8 8re prepared in stertlng. whleh 1$ the functional ¢)Jrrey of Ihg Monetary ¥mounts in these fin8nei81 stgtamenls are rounded to the nearest £. The Ilnancral &t8tements havo bean prepared under the hlslodcal Go$t o)n¥ention. 1.2 Golng concern At the time of opwoviTh3 the ffinanck81 Staternen the trustees havè a reasonable expectaTr that the tharfty h•s adequate resoUT$ lo continue in oper8tion81 existencg foT the foreseeab ftrtur•. Thus the trustee¥ contlnue lo adopt the gtsing concem ba818 ofa¢counts"n9 in preparing the finanrial ¥l•lemenls. 1.3 ¢table fund8 Unrestricted tund8 are avalgbb for use al thè dIscrn0n of th• Irustees in fvrtharanc• of Iher tharitablo objgcbvtrs. 1A Incom• IncDme is Tecognised when th¥ d)artty is legalty ented to rt aft?r any performance ))ndon$ have been mel, the wnounts can be mea6uiad r8liabty. and it is wobable th•t uicome will be reraved. Cash donation¥ a regniSed on recipL Olher donations are rec4Jgnised oncè the charity has been notiftd ol the donation. unl•ss perfonnance n"On$ require defeal of tho amount. IncMe lax recoverablo in relation to dOn¥tn8 received under GiftAid ty d¥eds of covenant re9Th3ed at Ihe time of the d0ftati. Lèg$ ore reccwi88d on re¢dpt or other%*76e rf the ¢h• been notrfd of an imp8ndlng thstribution. tho amount is known, and ro¢9 ts expected. Ir the amo(mt is not known, thè attY is treated as conlin9¥nt asseL
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢countln9 poll¢les {Contlnued} 1.5 Eondir• Expenditure is recognised on¢• th8r8 is a legal or nstrUvÈ obfigation to transfer econorri¢ to third party, it is probable that a transfer of eDJnomic beneffils will required in setll8menL and the amount of the obkgalb)n can bo m$ur8d r81iabty. Expendiiure Is da¥sifi by activity. The fA)sls of eath aLvity are mad6 up of the totsl of direct wsts and shared costs, indudiny support costs invofved in wdertakirrfd èath 8clivty. Direct rx)8ts athibut8ble to È single acvty 8re allo(ated diredy lo that activty. Shared costs whl¢h eontribLrte to more than one 4¢¥ity orKI SLVPOrt costs which ar? not ottrfbulable to a Sing acbvty are opportion•d betsveen those 8diw"tiÈs on 8 bAsi8 consistent with thè usè of resources. Central staff co$ls are allocated on the basls of fjm$ spenL and deprecration iarge8 aro allocoled on the portion of the a8891'8 US¢. 1.0 Flx•d a8••t invo8tments Fixed asset inveslrnènts 8r8 Initially mea8ured at tranOn prlcè •xduding traaLOn c15, •nd are subsequerrtly mea¥ur•d at fair value at each reporbng dale. Ch?ng¢s Sn fair value are recognised in not incomel(expenth'ture) for yoar. Trnnsaclion Costs are expensed as incurrfjd. 1.7 Cash and cash equlvalents Cash and cash eqUIvaftts IndudÈ eash In hand, deposiis held at 11 vAlh banks, other 8lKJrt4ern liquid investments with original maturitiès of three months or le$s, and bank ov&rdrafts. Bank ov8rdraft8 are showi ¥4ithin borring5 in (Thent liabllths. Bas1¢ Ilnanclal¥ssets Basic finanixal ets. which indude debltsrs and eAsh and bank balances, are In#mY meawred at Ir8n8aiaion price induding transaction costs and ¥rè subsequentty carried al amorli8ed cost vsing th6 effective irtrterest method unless the aThangement constttut8s a financing trnnsadfion, Wra the transactw)n i& mèasured 8t th• present value of the future receipts discounted at a market rale of intsrtst. Finandal assets d•4ifiod 8$ TerAble within ono year are not anrtid. 8ul¢ Ilnanel•l Ilabllltl•s BaC financial liabilities, indudlng creditors and bank loans are inf(i8ly reco9nised at transaction Pri unless the arrangement conslttutes a financlng transaGton, VATe the debt instrument is measured xt thè wèsènt value of the fvture payments discthnt•d at a mwkel rate of Intew$l. FlnBn(a81 liabilities dassrfied as pay•ble tn one year not 8mortised. Debt in8trum8nts 8re 8ubsequently carried at amlsed co¥L ustng the effective interest rate method. Trade crèdrtors arè obligations to pay for goods or $eNlw that have been aLyJuired in Ihtr ordlnary course of opeTalions from suppliers. Amounts payable we da[fied as ¢urrenl liabilities rf payment is dug wthln one year or les$. If not. they are presented 83 non-cajrrenl liablities. Trade creditOf8 are re¢ognised IndIty at Iw$•¢tion Vice and subsequentty measured at amortised cost using the effective interest method. Dérècognltlon olflnaftci•l li•bilfties Financjal liabilrbes xrè dÉrttoLw)ised ¥then the charity's tradUal obligations expire or are distharged or canled.
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Criti¢41 attountlng estimate• and fvdg•ments In the application ol Ihe charivs accounting policies. the trustees #ro requed to m8ke judgements. estimates and assurnption8 about the carrying amount ol assets ond liabilrties th91 ar¢ not readity appar8nt from other sources. The eslim¥1¢5 and associated 8s$umptions a ba8ed on hlstorical expeiience and other laclor6 that are o)nsidered lo bo relevant. Arlual results may differ from these eslim¥t¥$. The eslifflates and undartying as8umptions are reviewed on an Wdolng bJsb5. Revi8i0ns to oc¢ounting estimates are recwniscd In the period in which th8 estimate is revised wheifj the revision affÈets only that period, OT in the pe11 Lrf th¥ revision and fului8 prS where thg rovi$ion affects both rAJrrenl ftrture periods. I81m•nt• The imie5tments ar¥ valued al their tslr value by reference to the moiket value. The Val of these have a degree of judgement that the underfying assessment of far valug is ?ul81¢. the value of th¥$ at the 31 Marth 2024 was £7.445.86812023: £6,603,607). Donolions Unrestricted Unr•strlcted funds 2024 2023 D¢)nalions from Chibès 3,210 Income fri>m inmkn•nts UnM•trlet•d Unre8tri¢tsd fundg funds 2024 2023 Inve51menl In¢ome Inter8¥t rec£ivoble 149,571 283 137,401 105 149.834 137,5C6 Rai¥ing fund Unr•8tri¢tsd Unr•str5oted funds fund# 2024 2023 Inveslm•nt management 45,667 43.798 46,657 43.798
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charli•bla actlvltlB8 Donattons G¢)vemance Costs 2024 Total 2024 Don•lion• Governanc• Cogts 2023 T¢)tal 2023 2024 2023 Charitablo Actvit¥S 109.150 3,300 112.450 109,650 112.650 Don¥tlon8 2024 2023 AJEX Charitable Foundation Beklrtd RÈswè Can(>r Researth UK Crvic Community S¢¢urity TnJ$t Connecling Communrfies in 8erkshiTe CounlrysidoAlllon¢¢ FoLtndatlon Countryside Leaming Crohns & Colitis UK Dlsastsr Emergen Commlttee Exmoor Search & Rescue Team Fiyht For Slght Freud Museum London Friends of Bath Jwi¥h Burial Grnd Game & Wldlif8 ConseNalion TNst Helpforce Henry Ja¢k60n Soc4ety Jewish Core Kew Botsn11 Gordens Monche5ter Cdlectrve M#rfe Curfe Carb¢¢r C¥re NoN400d Ravenswood Proslats Cancor UK ROY Berks Charity Royal Berks NHS Foundatton Trust Royal Botaft Gard•ns Kew Royal National In8titule forthe Blind RNID Scotlands CharIty[bu1anCe Scotttsh Mountain Rèscue Siblings Together Swlt¢h Ba¢k Thames Valley rAMbUlanCE Twst UCL, Cancer Institute Woodland Trust Worfd Jlsh Relyèf 1,200 2,0 3.5WI 22,OtKJ 22,000 8,500 3,CQO 1,1 1.200 12C 1.10) 2,1100 10.000 550 8C(I 1,000 2.0 S,W 5,503 5.(KK) 10,CAK) 3.500 2,200 250 1,2 1,100 3.(0 1.5C 1,100 500 1.lJOO 1.100 1,100 1.200 500 1.000 2,000 2.000 25.C¢]0 25.000 550 1,LKIO 109,150 109.650
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tru•teeB None of the trustees lor any per8ons conrwdgd wlth them) recelved gny remuneration or bon•ffts from Iho charity during th¥ y8ar. Employm• 2024 mb•r 2023 Number There Yre no empby¢•$ whos• nUal remuneratv)n wa¥ more thon £eo.i)Jo. Tho tharity is •x8mpt from tsx on income and gains falling wllhin 505 of the Taxe3 Ad 1988 or 8e¢th)n 252 of the T¥x8tion of Chargeable Gains Act 1992 to the extent that the ar •pplied lo its tharit8ble objeds. 10 Fixed a8#•t Inv•thents Listsd inv•¥tsn•nts Cash in portfolio Total Co•t or valuation At 1 Apil 2023 Addth'ons Valu8tion thanges Other movemonts Dispo8•1$ 6.409.373 557.633 843.497 194.234 {557.633) 6,803,607 843.497 (1,236) 11.236) 533,351 1533.351> At 31 Mard) 2024 7,277.152 168.716 7.445,868 Carrylng amount At 31 Mard) 2024 7,277.152 168.716 7,445,868 At 31 Marth 2023 6.409.373 194.234 6.603,607 11 Credi¢or¥: 4mount• f•llin9 due 1thln one yr 2024 2023 Other creditors 11,400 10-
THE PETER SAMUEL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 12 An•ly8t¥ of not a88•ts between funds Urnpstri¢tsd funds 2024 At 31 M•r¢h 2024: Investments Current assots1(IlabSlNle$} 7,445,868 1622} 7,445,248 Unrestrictsd nds 2023 At 31 M•r¢h 2023: Inveslments Current assetsllliabilili¥¥) 8.803,7 1,152 8.604,759 13 R•lat•d p•rty tran8*cilon• were no dl&dosable related paty tron$action5 during the year12023- nLe). 11