OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-04-05-accounts

Charity�registration�number�283462�(England�and�Wales)

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

ANNUAL�REPORT�AND�FINANCIAL�STATEMENTS FOR�THE�YEAR�ENDED�5�APRIL�2025

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

CONTENTS

Page
Legalandadministrativeinformation 1
Trustees'report 2- 5
Statementoftrustees'responsibilities 6
Independentexaminer'sreport 7
Statementoffinancialactivities 8
Statementoffinancialposition 9
Statementofcashflows 10
Notestothefinancialstatements 11- 19
Investmentschedule 20

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

LEGAL�AND�ADMINISTRATIVE�INFORMATION

Trustees Mrs�Susanna�Peake Mrs�Katharine�Loyd Charity�number 283462 Principal�office�/�Address�for�appeals 30�Gresham�Street London EC2V�7QN Independent�Examiners Perrys�Audit�Limited Churchdown�Chambers Bordyke Tonbridge TN9�1NR Bankers Lloyds�Bank�Plc High�Street Moreton-in-Marsh Gloucestershire GL56�0AY Solicitors Currey�&�Co 33�Queen�Anne�Street London W1G�9HY Investment�advisors Sarasin�and�Partners�LLP Juxon�House 100�St�Paul's�Churchyard London EC4M�8BU

Investment�advisors

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

TRUSTEES'�REPORT��

FOR�THE�YEAR�ENDED�5�APRIL�2025

The�trustees�present�their�report�and�accounts�for�the�year�ended�5�April�2025.

The�accounts�have�been�prepared�in�accordance�with�the�accounting�policies�set�out�in�note�1�of�the�accounts�and� comply�with�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�(FRS�102)�(effective�1�January�2019). The�accounts�also�comply�with the�Charity's�governing�document.

Objectives�and�activities

The�trustees�hold�unrestricted�funds�from�which�they�make�donations�for�such�charitable bodies�or�institutions�at such�times�and�in�such�manner�as�the�trustees�may,�in�their�absolute�discretion, think�fit.

Other�than�the�operation�of�the�investment�portfolio�no�other�fund�raising�activity�is�undertaken�to�support�the�work� of�the�charity.��

The�aims�of�the�charity�are�to�apply,�at�the�discretion�of�the�trustees,�grants�to�organisations�in�furtherance�of�the� charity's�objectives.

The�charity�is�essentially�investment�based�and�the�trustees�consider�the�funds�held�as�defined�as capital�and� income�and�hold�those�funds�with�a�view�to�distributing�the�income�generated�from�the�investment portfolio�and,�as� far�as�may�be necessary,�the�capital�for�or�towards�the�grants�the�trustees�have�decided to�make.

Statement�of�compliance�with�Charity�Commission�guidance

The�trustees confirm�that�they�have paid due�regard�to�the�guidance�contained�in�the�Charity�Commission's�general� guidance�on�public�benefit�when�reviewing�the�trust's�aims�and�objectives,�and�in�planning�future�activities�and� setting�donations�to�be�made�in�the�following�year.

The�trustees support�a�number�of�charitable�organisations,�as�shown�within�note�17 to�the�financial�statements.��The� trustees�are�satisfied�that�the�information�provided�in�the�report�and�accounts�meets�the�public�benefit�reporting� requirements.

Charitable�activities

The�trust�is�solely�involved�in�grant�making,�and�as�such,�the�activities�it�undertakes�pertain�to raising�and� maintaining�funds�for�the�application�of�its�chosen�grants.

Grant making�policy

The�trustees�meet�on�an�ad�hoc�basis�to�review�applications�for�funding,�and�a�full�review is�undertaken�annually when�the�financial�statements�are�available.��Only�successful�applicants�are�notified�of�the�trustees'�decision.�� Certain�charities�are�supported�regularly,�although�no�commitment�is�given�for�the�continued�or�future�support�of� such�charitable�organisations.

Achievements�and�performance

During�the�year�under�review,�the�Trustees�resolved�to�make�49�donations�totalling�£418,600�(£274,700�in�2024),� these�are�detailed�in�note�17�of�these�accounts.

A�breakdown�of�the�categories�and�the�types�of�charities�that�are�supported�is�shown�in�note�6�of�these�financial� statements.

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

TRUSTEES'�REPORT��(CONTINUED) FOR�THE�YEAR�ENDED�5�APRIL�2025

Investment�performance

For�the�financial�year�ended�5th�April�2025,�the�Trust�produced�a�return�after�fees�of�-2.9%�versus�the�composite� benchmark�return�of�-1.1%.

As�at�5th�April�2025�the�portfolio’s�allocations�were�as�follows:�14.4%�in�fixed�income,�74.1%�in�global�equities,�6.1%� in�alternative�assets�and�4.4%�in�liquid�assets.�The�forecast�income�was�standing�at�£186,416�for�a�yield�of�2.2%.

After�a�strong�run�for�equities�through�2024�and�into�the�first�months�of�2025,�markets�gave�back�their�gains�in� March�as�consensus�started�to�appreciate�that�President�Trump’s�focus�on�cutting�Federal�spend�via�DOGE� (Department�of�Government�Efficiency)�may�negatively�impact�US�GDP�growth.�In�combination�to�this�was�market� concerns�around�AI�spending�and�heightened�valuations�in�the�US.�The�net�result�was�a�more�challenging�first� quarter�of�2025�after�a�strong�year�in�2024.

The�key�feature�of�2024�had�been�the�stark�contrast�between�the�strength�of�the�U.S.�market�and�the�structural� challenges�faced�by�other�regions.�The�U.S.�economy�delivered�robust�growth,�supported�by�a�strong�labour�market� and�a�thriving�services�sector.�Meanwhile,�Europe�had�to�contend�with�economic�and�political�instability,�leading�to� sluggish�industrial�output�and�subdued�performance�of�local�stock�markets.�This�has�reversed,�to�an�extent,�as�we� moved�through�the�first�quarter�of�2025,�with�Europe�performing�strongly�off�the�back�of�large�fiscal�announcements� and�relative�pockets�of�value,�in�contrast�to�a�US�market�that�was�highly�valued�and�begun�to�see�downgrades�to� GDP�growth�expectations.

During�the�latter�half�of�the�2024/25�fiscal�year,�the�market�produced�broader�market�participation�with�good� performance�coming�from�a�range�of�industries�following�the�tech-heavy�rally�through�2023�and�into�the�first�half�of� 2024.�Within�the�portfolio,�standout�performers�included�CME�(Chicago�Mercantile�Exchange),�Compass�Group,� Mastercard�and�London�Stock�Exchange.�That�being�said,�the�dominant�story�throughout�2024�has�been�the�rapid� adoption�of�Artificial�Intelligence,�which�has�remained�one�of�the�principal�drivers�of�market�performance.�Portfolio� companies�such�as�Nvidia,�Meta,�and�TSMC�continued�to�capture�significant�investor�attention�as�AI�reshapes�the� investment�universe.

As�markets�became�concerned�about�the�outlook�for�US�GDP�growth,�the�investment�managers�made�some reduction�to�equity�exposure�and�reduced�corporate�bond�exposure�in�favour�of�gilts,�recognising�that�credit�spreads� (the�extra�yield�offered�by�corporate�bonds�over�government�issues)�had�narrowed�to�their�lowest�levels�since�the� financial�crisis�of�2008.�However,�the�performance�of�the�Charity’s�portfolio�inevitably�was�not�immune�to�the� correction�in�global�equities�in�the�first�quarter�of�2025,�which�included�a�significant�reversal�of style�leadership�away� from�both�the�US�stock�market�and�the�technology�sector�for�the�first�time�in�many�years.

In�terms�of�strategic�asset�allocation�for�the�Charity,�the�investment�managers�continue�to�believe�the�portfolio’s� equity�exposure�is�best�placed�to�deliver�inflation�protection�over�the�long-term.�A�number�of�small changes�to�the� strategic�asset�allocation�of�the�portfolio�were�made�in�early�2025�in�order�to�align�with�the�CHK�Charity’s�strategic� asset�allocation.

Equity�exposure�started�and�finished�the�year�at�74%,�although�the�neutral�equity�weighting�was�actually�increased� during�the�year�from�70%�to�75%.�The�portfolio�has�retained�fixed�income�exposure�at�just�under�15%, however� notably�with�a�shorter�duration�profile.�The�portfolio’s�bonds�are�generating�a�5.0%�yield-to-maturity�while�exposure� is�now�tilted�in�favour�of�government�bonds�over�corporate�bonds.�The�balance�of�the�portfolio�is�allocated�to� alternatives�(6.1%),�which�is�predominantly�gold�and�infrastructure�assets.�Finally,�the�portfolio�holds�4.4%�in�cash.

Risks:

Aside�from�inherent�market�or�systemic�risk�to�which�the�Trust’s�investments�are�naturally�exposed,�the�portfolio�is� well�diversified�at�a�stock�level,�geographically�and�by�industrial�sector,�and�also�across�a�range�of�asset�classes.

(Performance�numbers�source�Sarasin,�GBP,�Mid�to�Mid,�net�with�income�reinvested.)

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

TRUSTEES'�REPORT��(CONTINUED) FOR�THE�YEAR�ENDED�5�APRIL�2025

Financial�review

Total�incoming�resources�were�£198,234�(£261,626�in�2024),�with�£420,840�(£284,533�in�2024)�being�committed�to� charitable�activities�of�which�£2,240�(£9,833�in�2024)�relates�to�support�and�governance�costs.��Costs�of�fundraising� amounted�to�£33,928�(£34,827 in�2024). There�was�an�unrealised�loss of�£388,734�(profit�of�£607,384�in�2024)�on� investments�and�in�addition�a�realised�loss of�£18,846�(loss of�£167,145�in�2024)�resulting�in�net�outflow of�funds�of� £664,114�(inflow of�£382,505�in�2024).�

Reserves

The�Trustees�have�a�balanced�investment�policy�and�normally�only�distribute�income�to�fund�their�donations�on�an� annual�basis.�Capital�is�usually�retained�in�order�to�maintain�the�fund�and�allow�for�growth.

The�balance�held�on�unrestricted�reserves�as�at�5�April�2025�was�£8,745,441.

Investment�policy

As�there�are�no�specific�restrictions�of�investment�powers�under�the�governing�deed,�the�trustees�have�full�discretion� over�the�investments�held.�The�trustees�have�delegated�their�investment�powers�to�Sarasin�and�Partners�LLP�to� have�full�discretionary�day�to�day�control�of�the�investments.�The�trustees�have�reviewed�current�policies�and�do�not� feel�any�amendments�are�necessary.��Assets�have�been�acquired�and�disposed�of�in�accordance�with�the powers� available�to�the�trustees.

Risks

Aside�from�inherent�market�or�systemic�risk�to�which�the�trust’s�investments�are�exposed,�the�portfolio�is�well� diversified�at�a�stock�level,�geographically�and�by�industrial�sector,�and�also�across�a�range�of�asset�classes.

The�trustees�recognise�the�risk�associated�with�investment�in�mainstream�financial�markets�and�accept�this�risk�in� return�for�the�prospect�of�greater�returns�over�the�longer�term.�The�trustees�are�satisfied�that�systems�are�in�place�to� mitigate�exposure�to�major�risks�and�continue�to�review�the�adequacy�of�the�systems�in�place.

Plans�for�future�periods

The�trustees�continue�to�review�grant�application�requests�and�also�to�research�suitable�projects�to�which�they�can� make�grants�in�furtherance�of�their�charitable�objectives.

Structure,�governance�and�management

The�Mrs�Susanna�Peake�Charitable�Trust was�created�by�a�charitable�trust�deed�dated�10th�June�1981.

The�trustees�are�to�hold�the�capital�and�income�of�the�trust�fund�upon�trust�to�apply�the�income,�and�as�far�as�may� be�necessary,�the�capital�for�and�towards�such�charitable�objects�and�purposes�and�to�make�donations to�such� charitable�bodies�or�institutions�in�the�United�Kingdom�or�any�other�part�of�the�world�at�such�times and�in�such� manner�as�the�trustees�may�in�their�absolute�discretion�think�fit.

The�Trustees who�served�during�the�year�and�were�also�in�office�at�the�date�of�signing the�financial�statements were:

Mrs�Susanna�Peake

Mrs�Katharine�Loyd

Recruitment�and�appointment�of�trustees

The�settlor,�Mrs�Susanna�Peake,�has�the�power�during�her�lifetime�to�appoint�new�or�additional�trustees�as�she�feels� fit�and�thereafter�the�then�current�trustees.�Trustees�will�be�selected�based�on�their�connection�with�the�current� trustees�in�accordance�with�their�skills,�experience�and�understanding�of�the�obligations�imposed�on such�an� appointment.

The�Charity's�other�advisors�are�noted�on�page�1.

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

TRUSTEES'�REPORT��(CONTINUED)

FOR�THE�YEAR�ENDED�5�APRIL�2025

Decision making�structure

The�Trustees,�who�receive�no�remuneration,�meet�on�a�frequent,�ad�hoc�basis�to�consider�applications�for�funding� and�a�full�review�is�made�at�an�Annual�Meeting�when�the�financial�statements�are�available.��Investment� performance�and�income�levels�are�monitored�half�yearly�at�meetings�with�the�investment�managers.

Induction�and�training�of�trustees

Incoming�trustees�are�to�be�made�aware�of�their�responsibilities�and�the�trust's�objectives�from�the�existing�trustees� and�their�other�professional�advisors�at�the�date�of�their�appointment.��The�trustees�are�also�to�be kept�up�to�date�on� relevant�matters�by�their�professional�advisors.

The�Accounts

The�trustees�are�satisfied�with�the�financial�position�of�the�Charity�and�confirm�that�they�have�adequate�assets� available�to�fulfil�their�obligations�and�the�accounts�comply�with�current�statutory�requirements.

Approved�by�the�board�of�trustees�and�signed�on�behalf�by:

Mrs�Susanna�Peake Mrs�Katharine�Loyd Trustee Trustee

24�July�2025

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

STATEMENT�OF�TRUSTEES'�RESPONSIBILITIES��

FOR�THE�YEAR�ENDED�5�APRIL�2025

The�trustees�are�responsible�for�preparing�the�Trustees'�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�and�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�Charity�and�of�the�incoming�resources�and� application�of�resources�of�the�Charity�for�that�year.

In�preparing�these�financial�statements,�the�trustees�are�required�to:

The�trustees�are�responsible�for�keeping�sufficient�accounting�records�that�disclose�with�reasonable�accuracy�at�any� time�the�financial�position�of�the�Charity�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�Charity�and�hence�for�taking�reasonable�steps�for�the� prevention�and�detection�of�fraud�and�other�irregularities.

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

INDEPENDENT�EXAMINER'S�REPORT�

TO�THE�TRUSTEES�OF�MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

I�report�to�the�trustees�on�my�examination�of�the�financial�statements�of�Mrs�Susanna�Peake�Charitable�Trust�(the� Charity)�for�the�year�ended�5�April�2025 which�comprise�the�Statement�of�Financial�Activities,�the�Balance�Sheet,� the�Statement�of�Cash�Flows�and�related�notes.

This�report�is�made�solely�to�the�Charity’s�Trustees,�as�a�body,�in�accordance�with�section�145�of the�Charities�Act� 2011.��My�work�has�been�undertaken�so�that�I�might�state�to�the�Charity’s�Trustee�those�matters�I�am required�to� state�to�them�in�this�report�and�for�no�other�purpose.��To�the�fullest�extent�permitted�by�law,�I�do not�accept�or� assume�responsibility�to�anyone�other�than�the�Charity�and�the�Charity’s�Trustees�as�a�body,�for�my�work,�for�this� report,�or�for�the�opinions�I�have�formed.

Responsibilities�and�basis�of�report

As�the�trustees�of�the�Charity�you�are�responsible�for�the�preparation�of�the�financial�statements in�accordance�with� the�requirements�of�the�Charities�Act�2011�(the�2011�Act).

I�report�in�respect�of�my�examination�of�the�Charity’s�financial�statements�carried�out�under�section�145�of�the�2011� Act. In�carrying�out�my�examination�I�have�followed�all�the�applicable�Directions�given�by�the�Charity�Commission under�section�145(5)(b)�of�the�2011�Act.

An�independent�examination�does�not�involve�gathering�all�the�evidence�that�would�be�required�in�an�audit�and� consequently�does�not�cover�all�the�matters�that�an�auditor�considers�in�giving�their�opinion�on�the financial� statements.�The�planning�and�conduct�of�an�audit�goes�beyond�the�limited�assurance�that�an�independent� examination�can�provide.�Consequently�I�express�no�opinion�as�to�whether�the�financial�statements�present�a�‘true� and�fair’�view�and�my�report�is�limited�to�those�specific�matters�set�out�in�the�independent�examiner’s�statement.

Independent�examiner's�statement

I�have�completed�my�examination.�I�confirm�that�no�matters�have�come�to�my�attention�in�connection with�the� examination�giving�me�cause�to�believe�that�in�any�material�respect:

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�financial�statements to�be�reached.

...................................................... Stephen�Hale�FCA�FCCA Perrys�Audit�Limited

Churchdown�Chambers Bordyke Tonbridge Kent TN9�1NR

Dated:�11�August�2025

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

STATEMENT�OF�FINANCIAL�ACTIVITIES� INCLUDING�INCOME�AND�EXPENDITURE�ACCOUNT

FOR�THE�YEAR�ENDED�5�APRIL�2025

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income
Investments 3 198,234 261,626
Totalincome 198,234 261,626
Expenditure
Raisingfunds 4 33,928 34,827
Charitableactivities 5 420,840 284,533
Totalresourcesexpended 454,768 319,360
Net(expenditure)beforeinvestment(losses)/gains (256,534) (57,734)
Net(losses)/gainsoninvestments 8 (407,580) 440,239
Netmovementinfunds (664,114) 382,505
Fundbalancesat6April2024 9,409,555 9,027,050
Fundbalancesat5April2025 8,745,441 9,409,555

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

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

STATEMENT�OF�FINANCIAL�POSITION�

AS�AT�5�APRIL�2025

Notes
Fixedassets
Investments
12
Currentassets
Debtors
13
Cashatbankandinhand
Creditors:amountsfallingduewithin
oneyear
14
Netcurrentassets
Totalassetslesscurrentliabilities
Incomefunds
Unrestrictedfunds
2025
£
£
8,608,876
9,327
142,248
151,575
(15,010)
136,565
8,745,441
8,745,441
8,745,441
2024
£
£
8,975,555
366,681
362,499
729,180
(295,180)
434,000
9,409,555
9,409,555
9,409,555
2024
£
£
8,975,555
366,681
362,499
729,180
(295,180)
434,000
9,409,555
9,409,555
9,409,555
9,409,555
9,409,555
9,409,555

The�financial�statements�were�approved�by�the�board�of�Trustees�and�authorised�for�issue�on�24�July 2025�and�are� signed�on�its�behalf�by:

Mrs�Susanna�Peake Trustee

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

STATEMENT�OF�CASH�FLOWS�

FOR�THE�YEAR�ENDED�5�APRIL�2025

2025 2024
Notes £ £ £ £
Cashflowsfromoperatingactivities
Cashabsorbedbyoperations 16 (377,584) (315,166)
Investingactivities
Purchaseofinvestments (2,435,792) (4,101,640)
Proceedsondisposalofinvestments 2,468,280 4,164,097
Investmentincomereceived 198,234 261,626
Netcashgeneratedfrominvesting
activities 230,722 324,083
Net(decrease)/increaseincashandcash
equivalents (146,862) 8,917
Cashandcashequivalentsatbeginningofyear 466,879 457,962
Cashandcashequivalentsatendofyear 19 320,017 466,879

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

NOTES�TO�THE��FINANCIAL�STATEMENTS�

FOR�THE�YEAR�ENDED�5�APRIL�2025

1 Accounting�policies

Charity�information

Mrs�Susanna�Peake�Charitable�Trust�is�a�an�unicorporated�charity�created�by�trust�deed�registered�with�the� Charity�Commission�in�England�and�Wales�under�charity�number�283462.

1.1 Accounting�convention

The�financial�statements�have�been�prepared�in�accordance�with�the�Charity's�trust�deed,��the�Charities�Act� 2011,�FRS�102�“The�Financial�Reporting�Standard�applicable�in�the�UK�and�Republic�of�Ireland”�(“FRS�102”)� and�the�Charities�SORP�"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)"�(effective�1�January�2019).�The�Charity�is�a Public� Benefit�Entity�as�defined�by�FRS�102.

1.2 Going�concern

The�Trustees�consider�that�there�are�no�material�uncertainties�about�the�Charity’s ability�to�continue�as�a going�concern.�The�review�of�our�financial�position,�reserves�levels�and�future�plans�gives the Trustees� confidence�the�Charity�remains�a�going�concern�for�the�foreseeable�future.

1.3 Charitable�funds

Unrestricted�funds�are�available�for�use�at�the�discretion�of�the�trustees�in�furtherance�of�their charitable� objectives.

1.4 Incoming�resources

Investment�income�is�accounted�for�on�an�accruals�basis�in�the�period�to�which�it�relates.

1.5 Debtors

Debtors�are�receivable�at�their�expected�settlement�amount.

1.6 Cash�and�cash�equivalents

Cash�at�bank�and�cash�in�hand�includes�cash�and�short�term�highly�liquid�investments�with�a�short�maturity�of� three�months�or�less�from�the�date�of�acquisition�or�opening�of�the�deposit�or�similar�account.

1.7 Creditors

Creditors�are�recognised�where�the�charity�has�a�present�obligation�resulting�from�a�past�event�that�will� probably�result�in�the�transfer�of�funds�to�a�third�party�and�the�amount�due�to�settle�the�obligation�can�be� measured�or�estimated�reliably.�Creditors�are�normally�recognised�at�their�settlement�amount�after�allowing�for� any�discounts�due.

1.8 Resources�expended

Management�and�administration�costs�comprise�those�costs�incurred�in�running�the�Charity.�They�have�been� apportioned�on�the�basis�of�time�spent�between�charitable�activities,�cost�of�raising�funds�and�governance� costs.

Governance�costs�consist�of�those�costs�associated�with�the�overall�running�of�the�Charity and�meeting� statutory�and�regulatory�requirements.

Grants�are�included�in�the�financial�statements�when�approved�by�the�Trustees�and�notified�to�recipients.�The� value�of�committed�grants�unpaid�at�the�year�end�is�accrued.�Grants�offered�that�are�subject�to�conditions�that� have�not�been�met�at�the�year�end�are�noted�as�a�commitment�but�not�accrued�as�expenditure.

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�5�APRIL�2025

1 Accounting�policies

(Continued)

1.9 Financial�instruments

Basic�financial�assets,�which�include�trade�and�other�receivables�and�cash�and�bank�balances,�are�initially� measured�at�transaction�price�including�transaction�costs�and�are�subsequently�carried�at�amortised�cost� using�the�effective�interest�method�unless�the�arrangement�constitutes�a�financing�transaction,�where�the� transaction�is�measured�at�the�present�value�of�the�future�receipts�discounted�at�a�market�rate�of�interest.

Other�financial�assets,�including�investments�in�equity�instruments�which�are�not�subsidiaries,�associates�or� joint�ventures,�are�initially�measured�at�fair�value,�which�is�normally�the�transaction�price.�Such�assets�are� subsequently�carried�at�fair�value�and�the�changes�in�fair�value�are�recognised�in�net�income/(expenditure),� except�that�investments�in�equity�instruments�that�are�not�publicly�traded�and�whose�fair�values�cannot�be� measured�reliably�are�measured�at�cost�less�impairment.

The�trust�does�not�acquire�put�options,�derivatives�or�other�complex�financial�instruments.

1.10 Investments

Fixed�assets�investments�represent�listed�investments�which�are�stated�at�market�valuation,�where�market� value�represents�the�mid�market�value�on�the�last�trading�day�before�the�year�end.�Any�unrealised�or realised� gains�arising�from�investments�are�accounted�for�in�the�Statement�of�Financial�Activities.

2 Critical�accounting�estimates�and�judgements

In�the�application�of�the�Charity’s�accounting�policies,�the�trustees�are�required�to�make�judgements,� estimates�and�assumptions�about�the�carrying�amount�of�assets�and�liabilities�that�are�not�readily�apparent� from�other�sources.�The�estimates�and�associated�assumptions�are�based�on�historical�experience�and�other� factors�that�are�considered�to�be�relevant.�Actual�results�may�differ�from�these�estimates.

The�estimates�and�underlying�assumptions�are�reviewed�on�an�ongoing�basis.�Revisions�to�accounting estimates�are�recognised�in�the�period�in�which�the�estimate�is�revised�where�the�revision�affects�only�that� period,�or�in�the�period�of�the�revision�and�future�periods�where�the�revision�affects�both�current�and�future� periods.

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�5�APRIL�2025

3 Income�arising�from�investments

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
IncomefromUKinvestments 87,887 99,303
Fixedinterest 47,654 35,614
REITS - 5,045
Foreignincome 65,626 106,391
Interestreceivable 5,146 23,589
Foreigntaxdeductedatsource (7,965) (13,554)
Accruedinterest (114) 5,238
198,234 261,626
4 Raisingfunds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Investmentmanagement fee 33,928 34,827
33,928 34,827
5 Charitableactivities
2025 2024
£ £
Grantfunding(seenote17) 418,600 274,700
Governancecosts(seenote7) 2,240 9,833
420,840 284,533

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�5�APRIL�2025

6 Grants�payable

Grantstoinstitutions:
EducationandChildren
LocalCharitableOrganisations
MedicalandHospices
ElderlyandDisabled
International
GeneralCharitableOrganisations
AnimalandEnvironment
ArmedForces
2025
£
31,100
36,000
49,500
5,000
21,000
258,000
10,000
8,000
418,600
2024
£
31,050
58,500
57,000
23,000
22,000
73,000
7,150
3,000
274,700

7 Support�costs

Supportcosts
LEIfee
Independentexaminer's
fee
Independentexaminer's
fee prioryears'
overprovison
Auditfees
Accountancy
Support
costs
Governance
costs
£
£
-
-
-
2,310
-
(2,070)
-
-
-
2,000
-
2,240
2025Supportcosts Governance
costs
£
£
£
-
-
33
2,310
-
-
(2,070)
-
-
-
-
7,800
2,000
-
2,000
2,240
-
9,833
2024
£
33
-
-
7,800
2,000
9,833

8 Net�(losses)�/�gains�on�investments

Revaluation�of�investments (Loss)�on�sale�of�investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
(388,734) 607,384
(18,846) (167,145)
(407,580) 440,239

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED) FOR�THE�YEAR�ENDED�5�APRIL�2025

9 Trustees�remuneration�and�benefits,�related�parties�and�conflicts�of�interest

None�of�the�trustees�(or�any�persons�connected�with�them)�received�any�benefits,�remuneration�or�reimbursed� expenses during�the�year,�or�the�previous�year.

None�of�the�trustees�(or�any�persons�connected�with�them)�had�any�conflicts�of�interest.� None�of�the�trustees�(or�any�persons�connected�with�them)�had�any�related�party�transactions�to�disclose.

No�further�disclosures�are�required�for�the�year.

10 Employees

There�were�no�employees�during�the�year,�or�the�previous�year.

11 Taxation

The�charity�is�exempt�from�taxation on�its�activities�because all�its�income�is�applied�for�charitable�purposes.�

12
Fixedassetinvestments
Listed
investments
£
Valuation
At6April2024
8,871,175
Additions
2,435,792
Valuationchanges
(388,734)
Realised(losses)
(18,846)
Cashavailabletoinvest
-
Disposals
(2,468,280)
At5April2025
8,431,107
At5April2024
8,871,175
Listedinvestments
Cashininvestmentportfolio
Cashin
Total
portfolio
£
£
104,380
8,975,555
-
2,435,792
-
(388,734)
-
(18,846)
73,389
73,389
-
(2,468,280)
177,769
8,608,876
104,380
8,975,555
2025
2024
£
£
8,431,107
8,871,175
177,769
104,380
8,608,876
8,975,555

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�5�APRIL�2025

13
Debtors
Amountsfallingduewithinoneyear:
Otherdebtors
Prepaymentsandaccruedincome
14
Creditors:amountsfallingduewithinoneyear
Accrualsanddeferredincome
Othercreditors
2025
£
4,203
5,124
9,327
2025
£
15,010
-
15,010
2024
£
361,443
5,238
366,681
2024
£
21,900
273,280
295,180

15 Related�party�transactions

Katherine�Loyd�(a�trustee�of�the�charity)�is�also�a�trustee�of�the�CHK�Foundation�to�which�a�donation�of� £200,000�was�made�in�the�year.

There�were�no�other�disclosable�related�party�transactions�during�the�year,�or�previous�year.

16 Cashgeneratedfromoperations 2025 2024
£ £
(Deficit)/surpusfortheyear (664,114) 382,505
Adjustmentsfor:
Investmentincomerecognisedinstatementoffinancialactivities (198,234) (261,626)
Lossondisposalofinvestments 18,846 167,145
Fairvaluegainsoninvestments 388,734 (607,384)
Movementsinworkingcapital:
Decrease/(increase)indebtors 357,354 (5,239)
(Decrease)/increaseincreditors (280,170) 9,433
Cashabsorbedbyoperations (377,584) (315,166)

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�5�APRIL�2025

17 Donationsmadeduringtheyear
2025 2024
£ £
AcornChildren'sHospice 4,000 -
AdultLiteracyTrust 2,000 -
AirAmbulance 500 -
AllEarsInternational 6,000 6,000
AllofUsVersusArthritis 5,000 -
Alzheimer'sResearchUK - 5,000
AngusIrvinePlayingFieldsFund - 5,000
AuditoryVerbalUK 10,000 -
BarnTheatreProject - -
BartsCharity 1,100 -
BeFreeYoungCarers 5,000 -
BeesforDevelopment - 5,000
BlindVeteransUK 5,000 -
BloodCancerUK - 5,000
BravoMedics 2,000 -
BritishWirelessfortheBlindFund - 3,000
BroadwayLodgeLimited 5,000 -
CampaignAgainstLivingMiserably - 5,000
CarersUK - 5,000
CHKFoundation 200,000 -
CombatStress - 3,000
CoramLifeEducation - 5,000
CotswoldCanalsTrust - 4,000
CotswoldFriends 20,000 25,000
CPRE,TheCountrysideCharity 5,000 -
CriminonUK - 5,000
DeafblindUK 5,000 5,000
DementiaResearchUK 5,000 -
FareShare 5,000 5,000
FarmAfrica 5,000 5,000
FineCellWork 5,000 20,000
GL11CommunityHub 5,000 -
GloucestershireHistoricChurchesTrust - 500
GloucestershirePlayingFieldsAssociation - 2,000
Home-StartCotswolds 5,000 5,000
IndependentAge - 5,000
IndependenceatHome 5,000 -
IslandFarmDonkeySanctuary - 50
Kate'sHomeNursing 5,000 5,000
KatherineHouseHospice - 5,000
ListeningBooks 3,000 3,000
LongboroughCofEPrimarySchool - 5,000
LongfieldCommunityHospice 5,000 10,000
MentoringPlus - 5,000
NorthCotswoldFoodbank 5,000 5,000
NorthCotswoldsSchoolFederation 6,000 7,500

Carried�forward

334,600

174,050

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�5�APRIL�2025

Donationsmadeduringtheyear
Broughtforward
OracleCancerTrust
Oscar'sPaediatricBrainTumourCharity
PainReliefFoundation
PETA
PopulationMatters
PumpAidBeyondWater
PricklesandPawsHedgehogRescue
Prisoners'AdviceService
Prisoners'EducationTrust
ReadEasy
Revitalise
RoyalHospiceofNeuroDisability
RoyalSocietyforBlindChildren
RSPB
ShipstonHomeNursing
SightResearchUK
Sightsavers
Stamma
StJames'ChurchLongboroughPCC
StLawrenceChurchBourtonontheHill
StMichael'sHospice
TeenageCancerTrust
TheBigSpaceCancerAppeal
TheCarersCentre
TheGloucestershireSociety
TheTheatre,ChippingNorton
TheTrussellTrust
TheUKVeteran'sHearingFoundation
UNICEF
VeteransIntoLogistics
VolunteeringMatters
ZANE
(Continued)
2025
2024
£
£
334,600
174,050
-
5,000
-
1,000
-
5,000
-
100
5,000
5,000
-
3,000
2,000
2,000
5,000
-
5,000
5,000
5,000
5,000
-
5,000
3,000
-
-
3,000
3,000
-
5,000
3,000
2,000
-
5,000
5,000
-
3,000
5,000
5,000
4,000
11,500
1,000
-
2,000
-
-
10,000
4,000
-
2,000
3,000
5,000
5,000
5,000
-
-
10,000
5,000
50
3,000
-
3,000
3,000
5,000
3,000
418,600
274,700
(Continued)
2025
2024
£
£
334,600
174,050
-
5,000
-
1,000
-
5,000
-
100
5,000
5,000
-
3,000
2,000
2,000
5,000
-
5,000
5,000
5,000
5,000
-
5,000
3,000
-
-
3,000
3,000
-
5,000
3,000
2,000
-
5,000
5,000
-
3,000
5,000
5,000
4,000
11,500
1,000
-
2,000
-
-
10,000
4,000
-
2,000
3,000
5,000
5,000
5,000
-
-
10,000
5,000
50
3,000
-
3,000
3,000
5,000
3,000
418,600
274,700
274,700

17 Donations�made�during�the�year

MRS�SUSANNA�PEAKE�CHARITABLE�TRUST

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED) FOR�THE�YEAR�ENDED�5�APRIL�2025

18 Unrestricted�funds

The�unrestricted�funds�of�the�charity�comprise�the�unexpended�balances�of�donations�and�grants which�are� not�subject�to�specific�conditions�by�donors and�grantors as�to�how�they�may�be�used.�These include� designated�funds�which�have�been�set�aside�out�of�unrestricted�funds�by�the�trustees�for�specific�purposes.

Generalfunds
Previousyear:
Generalfunds
19
Cashandcashequivalents
Cashatbankandinhand
Cashavailabletoinvest
At6April
2024

£
9,409,555
At6April
2023

£
9,027,050
Incoming
resources
Resources
expended
Gainsand
losses
£
£
£
198,234
(454,768)
(407,580)
Incoming
resources
Resources
expended
Gainsand
losses
£
£
£
261,626
(319,360)
440,239
2025
£
142,248
177,769
320,017
At5April
2025
£
8,745,441
At5April
2024
£
9,409,555
2024
£
362,499
104,380
466,879