Registered No: 327174
PETER CADBURY CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED § APRIL 2025
PETER CADBURY CHARITABLE TRUST
Trustees: P.H.G. Cadbury E.M. (The Duchess of) Argyll Mr S.C. Cadbury Address: D74 Albion Riverside 8 Hester Road London SWt1 4AW Bankers: Handelsbanken 3" Floor, 86 Jermyn Street London SW1Y 6JD
Investment Advisers: Rathbones, incorporating Investec Wealth & Investment Management Limited 30 Gresham Street London EC2V 7QN independent Examiner: Darren O’Connor BSC(Hons) FCCA ACA James Cowper Kreston, Chartered Accountants Reading Bridge House George Street Reading RGI 8LS
Registered Charity No: 327174
PETER CADBURY CHARITABLE TRUST
TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025
Constitution and Objects
The settlement is registered with the Charity Commission number: 327174 and is constituted under a deed of settlement dated 12 May 1986.
The principal objectives of the charity are to apply the income received in the payment of donations or subscriptions for public benefit to such charitable institution or institutions for all or any of the charitable objects or purposes as the Trustees or a majority in point of number of the Trustees shall in their discretion from time to time think fit and determine.
Organisation
The Trustees are as shown on the front of this report and in accordance with the governing document. The Trustees have the power to nominate additiona! trustees.
Financial Review
The income of the Trust amounted to £39,045 compared to £36,074 for the previous year. The Trust received a donation from the George Cadbury Charitable Trust in the year to 5 April 2025 of £5,000 (2024 - £3,000).
28 cheques for charitable donations were drawn totalling £29,300 which included the under-mentioned donations in excess of £1,000:-
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|---|---|---|---|---|---|---|---|
|£|
|PRISM|1,000|
|Royal|Philharmonic|Orchestra|2,000|
|Royal|Trinity|Hospice|1,500|
|Pitshanger|Manor|and|Gallery|1,000|
|Royal|Ballet|and|Opera House|1,450|
|Roya!|Ballet|School|2,500|
|The|Wallace|Collection|2,000|
|The|Connection,|St|Martins|in|the|Fields|2,000|
|Garsington|Opera|1,800|
|Chelsea|Physic|Garden|1,200|
|Ashmolean|Museum|1,000|
|The|Art|Fund|2,000|
|Dulwich|Picture|Gallery|1,250|
|Royal|Horticultural|Society|1,300|
|Helen &|Douglas|House|2,000|
|Sir|John|Soane’s Museum|2,000|
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£ 26,000
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PETER CADBURY CHARITABLE TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025
Trustees
The three Trustees as shown earlier in this set of accounts served for the whole of the year under review.
Public Benefit
The Trustees have had due regard to Charity Commission guidance on Public Benefit during the year.
Investment Policy
The fund managers are not permitted to invest in tobacco related shares. Subject to that proviso there is no limitation on investments and the Trustees undertake the purchase and disposal of investments on the recommendation of the Trust’s investment advisers.
Reserves Policy
The Trustees aim to cover the cost of donations out of current income and reserves.
The accounts have been prepared by Derek Larder FCA, Chartered Accountant of 22 Waterleaze, Taunton, Somerset TA2 8PX from the bank statements and stockbrokers statements relating to the Trustees accounts with Handelsbanken and Investec Wealth & Investment Limited respectively and from information supplied by the Trustees. They have been independently examined by Darren O’ Connor BSC(Hons) FCCA ACA, a member of James Cowper Kreston, Chartered Accountants and Registered Auditors.
Approved by the Trustees and signed on their behalf by:-
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Rt: U4, Carbo
Peter H G Cadbury
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Bp fh,
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2025
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PETER CADBURY CHARITABLE TRUST
| STATEMENTOFFINANCIALACTIVITIES | for theyear ended 5 April 2025 | for theyear ended 5 April 2025 | for theyear ended 5 April 2025 | |
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| Funds | Funds | |||
| ineome & Expenditure | 2025 | 2024 | ||
| £ | £ | £ | £ | |
| Income From: | ||||
| Donations and Legacies: | ||||
| Regular | ||||
| George Cadbury Charitable Trust | 5,000 | 3,000 | ||
| Investment Income: | ||||
| Dividends fromUK listed investments | 14,498 | 15,008 | ||
| Interest onUK listed investments | 9,488 | 8,657 | ||
| Overseas dividends | 6,215 | 5,913 | ||
| Overseas interest | 3,697 | 3,383 | ||
| Other interest | 147 | 113 | ||
| Total Income | 39,045 | 36,074 | ||
| Expenditure on: | ||||
| Invesiment management cost: | ||||
| Investment advisers fee | 10,723 | 10,151 | ||
| Charitable Activities: | ||||
| Donations paid | 29,300 | 35,685 | ||
| Governance Costs: | ||||
| Professional fees: | ||||
| Accountancy fees | 700 | 700 | ||
| Independent examiner’s fees | 630 | 570 | ||
| Bank charges | = | _ | ||
| Total Expenditure | 41,353 | 47,106 | ||
| Net income/(expenditure) | (2,308) | (11,032) | ||
| Gains/(Losses) on fixed asset investments: | ||||
| Realised/Unrealised | (26,314) | 36,701 | ||
| Netmovement in funds | (28,622) | 25,669 | ||
| Reconciliation offunds: | ||||
| Unrestricted fundsbrought forward | 1,088,236 | 1,062,567 | ||
| Unrestrictedfundscarriedforward | £1,059,614 | £1,088,236 |
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PETER CADBURY CHARITABLE TRUST
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|---|---|---|---|---|---|---|
|BALANCE|SHEET|at §|April|2025|
|2025|2024|
|£|£|£|£|
|Fixed|Asset|Investments|
|UK|Listed|Equities &|Unit|Trusts|459,226|$00,847|
|UK|Listed|Fixed|Interest|Investments|177,146|157,457|
|Overseas|Listed|Investments|387,175|382,549|
|1,023,547|1,040,853|
|Current|Assets|
|Interest|Receivable|2,503|2,268|
|Funds|held|by|Stockbrokers|6,935|27,535|
|Cash|at Bank|30,629|21,459|
|40,067|$1,262|
|Current|Liabilities|
|Creditors:|amounts|falling|due|within|one|year|
|Accruals|for professional|fees|4,000|3,879|
|~~|
|Net|current|assets|36,067|47,383|
|Total|Net|Assets|£1,059,614|£1,088,236|
|Funds|
|Unrestricted|£1,059,614|£1,088,236|
|li|
|Approved|on behalfof the Trumess on|...K)....d +ilry.......|2025 by|
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Cbs by, Crow _.. Mr PH G Cadbury
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PETER CADBURY CHARITABLE TRUST
ACCOUNTING POLICIES
year to 5 April 2025
Accounting Convention
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) — 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Charities Act 2011
The financial statements have been prepared to give a “true and fair” view.
The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
Basis of Accounting
The accounts are prepared on an accruals basis. Ail income is recognised once the Trust has entitlement to the income.
Resources Expended
Grants and donations paid are charged against income in the year they are paid. All grants and donations are one-off payments. Other resources expended are included in the SOFA on an accruals basis. Expenditure includes VAT which is not recoverable by the Tnust.
Investments
Investments are shown at middle-market value. Realised gains and losses on disposals and unrealised gains or losses when the investments are revalued are reflected in the SOFA.
Reserves
All funds are unrestricted.
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PETER CADBURY CHARITABLE TRUST
NOTES TO THE ACCOUNTS
Year to 5 April 2025
| Investments | UKListed Equ ti s |
Securities FixedInt’t |
Overseas Secu ities |
2025 Total |
2024 Total |
|---|---|---|---|---|---|
| Unrestricted Fund | £ | £ | £ | £ | £ |
| Market Value at 6 April 2024 | 500,847. | 157,457 | 382,549 | 1,040,853 | —-1,030,911 |
| Additions at cost | |||||
| Purchased | 43,468 | 21,027 | 125,357 | 189,852 | 160,368 |
| Proceeds from saleofinvestments | (83,797) | (528) | (96,519) | (180,844) | = (187,127) |
| Net investment gains/(losses) | |||||
| Unrealised Realised |
(456) (836) |
(802) (8) |
(26,052) 1,840 |
(27,310) 996 |
41,230 (4,529) |
| MarketValueat5April2025 | £459,226 | £177,146 | £387,175 | £1,023,547 | £1,040,853 |
Trustees
Mr D Larder, a former Trustee, was paid £700 during the year for the keeping of the Trusts accounting records and preparation of the annual accounts.
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PETER CADBURY CHARITABLE TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PETER CADBURY CHARITABLE TRUST
I report to the Trustees on my examination of the accounts of the Peter Cadbury Charitable Trust for the year ended 5 April 2025.
Responsibilities and basis of report
As 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 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:
-
Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
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 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 concerms 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 ofthe accounts to be reached. , ae. 7 ee / ee
Signed: Darren O’Connor
Date: 11/08/2025
Darren O’Connor BSC(Hons) FCCA ACA James Cowper Kreston, Chartered Accountants Reading Bridge House George Street Reading RGI 8LS
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