|
| THE GRETNA CHARITABLE TRUST | REPORT OF THE | Year ended 5 April 2025
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| | | :
REPORT OF THE TRUSTEES (continued)
Review of the year
Incoming and outgoing resources for the year are set out in the attached schedule on a receipts and payments basis. ,
The market value of the investment portfolio has decreased to £2,662,757 (2024: £2,755,459) due to a number of investments disposed of within the year.
Donations have been made by the trustees to a variety of charitable activities.
| Investment powers 7 Under the the | whatever | Investment policy : The : . generate | Reserves , The aim
Investment powers
Under the the trust deed, the trustees may invest any monies in the purchase of any investments or property of whatever nature and wherever situated as the trustees in their absolute discretion think fit.
Investment policy
The trustees invest in medium/low risk equities and bonds, with a view to deriving a reasonable yield to . generate income for charitable contributions.
The aim of the trustees is to fully expend the income for the year and not accumulate income reserves. Although the endowment fund is expendable, and is regularly applied where donations in the year exceed income, it is maintained at a level where the trustees feel confident it will provide a healthy income stream to fund the expected annual expenditure.
AH EP WALDUCK
MRS AM DUNCAN
:
46 Fras 2025
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: : ; :
THE GRETNA CHARITABLE TRUST
REPORT OF THE TRUSTEES
Year ended 5 April 2025
The trustees submit their report and accounts for the year ended 5 April 2025,
The accounts have been produced in accordance with the receipts and payments basis.
Administrative information
The trust was established by a deed dated 15 March 1993 and is a registered charity (No. 1020533).
The trust's registered office is:
c/o The Directors Office Royal National Hotel 38-51 Bedford Way London WC1H 0DG
Settlor
;
The Gretna Charitable Trust was created by the generosity of H R Walduck, who tragically passed away on 6 January 2021.
Trustees
Mrs S M C Walduck AHE P Walduck Mrs A M Duncan
The number of trustees shall not be less than three. Where there is a requirement for new trustees, these may be appointed by the current trustees and the personal representatives of the late H R Walduck. The trustees receive no reimbursement for their expenses.
Object
The trust's objects are such charitable purposes as the trustees from time to time in their absolute power determine. The trustees meet from time to time to approve distributions made from the income of the settlement. Under the terms of the trust the endowment fund is expendable on such charitable purposes as the trustees determine.
Under the Trust Deed the trustees have the power fo accumulate the income of the trust fund as an accretion to the capital of the trust fund as in their absolute discretion they think fit.
Public benefit
The trustees, having regard to the Public benefit guidance published by the Charity Commission in accordance with section 17 of the Charities Act 2011, consider that that purpose and activities of the charity satisfy the requirements of the public benefit test set out in section 4 of the same act.
Organisation
The charity is governed by its trustees who may exercise all the powers contained within the Trust Deed. The trustees confirm that the major risks to which the charity is exposed have been reviewed and systems have been established to mitigate those risks.
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21 July
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aeGp | PORCHARITY ENGLANDCOMMISSION ANO WALES The Gretna Charitable Trust ea
Receipts and payments accounts CC16a
:
For the period To
from 06/04/2024 05/04/2025
Section A Receipts and payments
Unrestricted Restricted Endowment Total turds vasa
funds funds funds ¥
ig ie aia to the nearest £ to the nearest £ to the nearest £ to the nearest £
Ai Receipts
eeee 2ee |ns
CT
Dividends zz |eees TC 40,29|
|Voluntarydonations | PE2eee
eeeeeeses»|neee ns ©eteee ee
eeSub ee) |)ee nn)> rs
total (Gross income for 79,964 79,964 79,821
AR)
A2 Asset and investment sales,
(see table).
eeInvestment sales | 382,953 | | [——-352,953] buuineeieeere|| | [S|]
Sub total[____352,953| | ___. 362,088 |
Total receipts 432,918 Fee ye | 432,918 | 511,691
A3 Payments
eees |ee 5
managementcosts
[investment[Accountancyfees TCT| —=staets| [SSSTTCee(dPdP||eee [TTC][TCT] (+ddPfr| [1,390|
SSCSC~SSSSCSS
ltegaifees SS YF PT| TdTTT| LTC760
ee |
ees 2ee ne so
eeeees |ee soeiae
e768) |i
Sub total f=) ee |ee| Eeee ee
A4 Asset and investment
purchases, (see table)
Investment purchases
ee teteeeees| |
Sub total| 317.428 |
AS Net ofreceipts/(payments) fe) (dC 207er| [-_ 1404
Transfers between funds | CC Decco) |
A6Cashfundslastyearend = | 88965| | [43,965] | | [56,369]
Cash funds this year end[|__| L_____~ 64,692 64,602] [43,965]
Section B Statement of assets and liabilities at the end of the period
Unrestricted Restricted Endowment
ategorie details funds funds funds
to nearest £ to nearest £ to nearest £
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|---|---|---|---|---|---|---|---|---|---|
|a|
|(agree|balances|with|receipts|and|payments|
|account(s))|
|Unrestricted|Restricted|Endowment|
|funds|funds|funds|
|Details|to|nearest £|to|nearest £|to|nearest£|
|_|—|
|Details|Fundasset to belongs which|Cost|foptanal)(opti|1|Currentoptional value|
|Details|Fundasset to belongs which|Costri|5|tijeonione|Currentoptional value|
|Fund|to|which|Amount|due|When|due|
|-|—Details|—liability|relates|=optional|optional|
|Signed|by|one|or two|trustees|on|‘|,|Date|of|
|behalf of|all the trustees|Signature|RenLaine|approval|
|Aan.|eee|eee|ALEXANDER WALDUCK|/é|/ 27 IZE|
|RAL|Veo|ALISON DUNCAN|(6/07/25|
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