THE GRETNA CHARITABLE TRusr INDEPENDENT EXAMINER'S REPOR T Year ended 5 April 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRu¥fEES OF THE GRETNA CHARITABLE TRUST I report to the trustees.on my ex3rri1rtao of the acc¢)unts of the Trust for the year ended 5 April 2023. RÈspoctlve responsibilities of trustees and examiTher' As the charity trustees of the Trust you are respot)sible for the preparation of the accounts in accordance with the requirements of the Charftle$ Act 2011 {'the Act')- You are satisfied tht an audit 15 not required for this year under charity law and that an Independent examination is needed. I rert in respect of my examination of the Truscs accounts rarrted OUE under section 145 ofthe 201 l Act and in carrying out my ex2mination I have followed the applicable Direcrions given by the Charity Commission under 5ertion 145151(bl of the ACL An independent examination does not involve gatherÉng all the evidence that would be required in an audit and consequevbtly dow not cover all the m2tter5 than an auditor Considers in &4ving their opinion on the accaunts. The planwbing and conduct of 2n audit goes beyond the limited 3ssur2nce thac an independent examinatlon can provide. Consequently, l express no opinion as to whether the accounts present a 'true and fair, view and my report is limited to those $pecific matter5 S¢t out in the indepthdemc examinerfs statemenL Independent examlnees s¢aternent I wn qualifled to undertake the examinatyon by b.ng a member of the Irtstirute of Chartered Accountants in England and We5. I have completed my ex2m4nation. I confirm tha£ no material mauery have come to my attention in coTrnecuon with the examination gving me causÈ to beliewe t£ any miteri31 respect acCnng record5 were not kept in respect of the as required by Section 130 of the Att,. or the accounts do not acci)rd with those COrds. I hav¢ no concerns and have eome auoss no matters in connection with the examlnatlon to whlth atten0Th should be drawn in th15 report In ordw to en*4e a proper understanding of the xcouftts to be reachÈd. G P SMYE-RUMSBY ACA Dixon Wi150 22 Ch2ncery Lane London WC2A I LS 5 Sèptèmbér 2023
THE GREfNA CHARITABLE TRUST REPOR T OF THE TRUSTEES Year ended S Aprll 2023 The tru5tre5 submi¢ their report and accounts for the year ended 5 W12023. The aecounts have been produced in accordance vmh the reeaprs and payments basis. Administrative Information The trust was estsbli5hed by a deed ¢tsted 15 Marth 1993 and is a wstered dwiry (No. 10205331. The trust's registsred office is: clo The Director5 Office Royaj Nation Hotel 38- 51 Bedford Way London WCIH ODG Settlor The Gretna Charitable TnL5t tteated by the generosity of H K Waldud4 who trngically p&%sed ayfdy on 6 Janary 2021. Trustees Mrs S M C Walduck AH EPWalduc Mrs A M Duncan The number of trurtee$ shall not be less than three. Where there is a requlrement for new tntee5, these rnay be ¥pointed by the current tnjrtees athd the Person reprew)tatiYes of the late H R Walduck The trusrees receive no relmbursement for their expense Object Th¢ trust's ot¥'erts are such charftabk purpose5 a5 the trustees from time ro time in their ab501ute power determine. The trustees meet from time to time to ¥prove distribution5 made fr<m the income of the s¢tdement. Under the tem)s of the tNst the endowment fund 15 expelldkb on suth tharirable purpose5 as the trustees detern)lThe. Under the Trust Deed the ¢nJst&s have the power to atojmukts the income of the rrust fijnd as an accretion to the capir21 of the trust fund as in their absdut¢ discretion they think ffiL PublSc benefit The trustees having regard to the Public benefit guidante published by the Chariry Comrnis5ion In accordance with section 17 of the Qarities A<t 2011. consider that that purpose and acLNiiÈS of the chariry sarisfy the requirements of the public benefit test set our in section 4 of the same acL Organisation The charity is governed by its trustee5 who may exerci* all the powe contained wlthin the Trust Deed. The trustees eonfimi that the major risk5 to which the drity is eyjsed have been reviewed and SYSten have been established to mitigate those risks.
THE GREThIA CHARITABLE TRUST Year ended 5 April 2023 Review of the year Incoming and outgoing resources for the year aré set wc In the tttathed sche(knk on a receipts and payments ba515. The market yU¢ of the investment porfdio has decreased to Q584.151 (2022.. £Z831,3161. This is due to slob economic uncertainty. tknations have been made by the trustees to a TrrAriety of ¢hari¢abk artNiue Investment powers Under the trust deed. the trustee$ may invest any monies in the purthase of any investments or properry of whatsver nature and wherever sltuated as the trus¢ees in their absolute discreDon think ftL Invéstm•nt poll The tbwstees invest in mediurwlow risk equme5 and bonds with a Iiew to deiiving a reasonable yield to genera income for charitable contribudon Reserves The aini of the trnscees is to fully expend the income for the yoar and not accumulate income reserves. Although the endowrnent tund 1$ expendable. and is relaty apptied where donations in the year exceed Income, it Is maintained at level where the truse$ fed confident it will prowde a hdthy income stream ¢0 fijnd the expected annu expenditure. A H E PWALDUCK MRS A M DUNCAN
CIIARtTY COMMISSION I(11AN11 WAIIS The Gretna Charlt¥bl6 Trust Receipts and payments accounts CC16a For the period from 0610412022 051D412023 Section A Receipts and payments Unrestricted funds lo tho noaros¢ Restric¢ed funds Endtswmènt funds Total fuThds Last year ttrth• nèArnsl £ to th• n•ar•st £ to thE nèÈresl £ to Ihe nearè51 £ A1 Recelpts 6.794 46.769 25.992 6,794 46.769 25,992 5,328 55.349 21,505 <XhEI inve51tneni Income Voluntsiy donalion$ Sub tot?1 (Gross income for AR) 79,554 79.554 82,1B2 A2 Asset and investment sales. (see tablÈl. Investment sales 374.4S0 374.45 1.252,1ts8 Sub total 374.450 374.450 1,252,10B 454,004 4S4.004 1,334,290 A3Pa ments Don31nS paid ve51meni Man&Ment costs Accountancy lee5 78,000 16,767 7E,000 16.767 77,500 8.500 SuTrdry 148 Sub total 94.914 Y4,914 86.115 M A88et and Investment purchase5,15ee table) Investment purchases 361,628 361,628 1,270.626 Sub total 361,628 3fj1.62 1,2711,628 Totalpaymènts 456,542 456.542 1,356,741 Net of receipts/(paymentsJ A5 Transfers between funds A6 Cash funds last year end Cash funds thls year end 2,538 2,538 2,538 22,4151 2,538 58.907 56,369 58,907 56,369 81.358 58,907 Section B Statement of assets and liabilities at the end of the period UnrÈstrict8d fund5 Re5triG¢ed funds to hearesl £ Endowment fund5 C&Or1eS Details to ngarest£ to nBarest£ B1 Cash funds Barday8 10,606 InveslÈC 45.763 Total cash funds 56,369 lJgTeebalenceswrthFec?Ip15 8cCwnSTrI
Unr•strtct¢d fund5 RaBtrlct8d fund5 Endowment fund$ Oetsl to n44r•5t£ to n@arnt£ to a[St£ Fundtowhlrh assot bèlon ¢urrenivAlue Detal CostlopllonBII 83 Inve8tm9nt assets 2.619.365 584,151 Fundto whkh 8wt bol ¢urr•Trt Yalup Detai15 ost loptionill B4 Assets rètslned for the harlty's own use FuThl towh*h Arnountd onal Wh&n BS LlabllltEgs Sion8d by or tiustees 0 bthall ol all the tNst8es Date of rDval Swnature Print Namg ALEXANDER WALOLICK sw2g S (EFr. ' ALISON DUNCAN