THE GWENNILI TRUST
FINANCIAL ACCOUNTS
for the year ended 31 December 2023
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THE GWENNILI TRUST
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ELECTED TRUSTEES J.P. Thornton (Chairman) A.J. Field (Hon Treasurer) E.H.R. Thornton (Hon Sec) ; S. Janion C.S. Baddeley J.L. Moore (ex-Hon Treasurer) until 8 Dec 2023 G.T.S. Peacey until 8 Dec 2023 CORRESPONDENCE ADDRESS Oakside, 1 Marlborough Road Burbage, Wiltshire SN8 3AU BANKERS CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Lloyds Bank plc, Blackheath London Branch, PO Box 1000, BX1 1LT ACCOUNTANT N/A , INDEPENDENT EXAMINER Jan Sturgeon Esq The Double T Flowers Drove Lytchett Matravers POOLE BHI16 6BX REGISTERED CHARITY NUMBER 1049041 COMPANY REGISTRATION NUMBER 3091887
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THE GWENNILI TRUST ANNUAL REPORT OF THE TRUSTEES for the year ended 31 December 2023 eee HISTORY AND OBJECTS OF THE CHARITY
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A Charitable Trust was established on 16 August 1995 with the object of the provision of the relief of the physically or mentally disabled — in particular ex-servicemen and women, young persons and those in necessitous circumstances — by the provision of nautical, recreational and educational facilities on board appropriate vessels or training facilities. The charity was registered as a Charitable Trust No. 1049041 on 16 August 1995.
TRUSTEES
The Elected and Co-opted Trustees who held office during the year were as follows: -
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ELECTED: -
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JP Thornton ( Chairman) E HR Thornton (Hon Secretary) A J Field (Hon Treasurer) S Janion C.S. Baddeley JL Moore (Outgoing Hon Treasurer, until 8 Dec 2023) GTS Peacey (until 8 Dec 2023)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Charity law requires the Trustees to Prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of its financial activities for that period.
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In preparing those accounts the Trustees are required to: - select suitable accounting policies and then apply them consistently ~ make judgements and estimates that are reasonable and prudent
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follow the recommendations of the Charities Commission and of the accounting profession with regards to form and content of the accounts, or to disclose and explain any departures therefrom
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~ prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which discloses with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the disclosure regulations. 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.
RESERVES POLICY
The financial reserves which have been set aside provide financial stability and the means for the development of the Charity's objectives. The Trustees regularly review the amount of funds that the Charity requires to ensure that they are adequate to fulfil the charity's continuing obligations. This report was approved by the Trustees orMM is signed on behalf of them all.
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J Thornt@n (Chairman)
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Independent Examiner's Report to the trustees of
THE GWENNILI TRUST
for the year ended 31 December 2023
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I report on the accounts of the Trust for the year ended 31 December 2023, which are set out on pages 5 and 6
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
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As the Charity's Trustees you are responsible for the preparation of the accounts. You consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to examine the accounts, and state on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7)(b) of the Act, whether any particular matters have come to my attention
BASIS OF INDEPENDENT EXAMINER REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration ofany unusual items or disclosures in the accounts, seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently I do not express an audit opinion on the view given by the accounts.
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INDEPENDENT EXAMINER'S QUALIFIED STATEMENT
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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° To keep accounting records in accordance with section 41 of the Act; and
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e to prepare accounts which accord with accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
I Sturgeon Esq formerly an Associate of the Chartered Insurance Institute (ACID The Double T Flowers Drove Lytchett Matravers POOLE BH16 6BX Z2:2:24 (date signed)
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THE GWENNILI TRUST STATEMENT OF FINANCIAL ACTIVITIES
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for the year ended 31 December 2023
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|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|—_Restricted|Total|Total|
|Income|Income|Funds|Funds|
|2023|2023|2023|2022|
|INCOMING|RESOURCES|£|£|£|£|
|Donations|16,720|-|16,720|10,000|
|Day|Sailing|(|see|note|1)|14,575|-|14,575|8,955|
|Cruises|(incl|UKSA &|Tectona)|-|-|~|-|
|Yacht Charter Refunds|-|351|351|780|
|Security Deposit|Returns|-|24,006|24,006|-|
|Training Courses|-|-|-|-|
|Grants &|Bursaries|~|61,637|61,637|27,610|
|Bank|Interest|461|~|461|14|
|Refunds & Transfers IN|1,383|9,288|10,671|25,194|
|Sub|Total|33,139|95,282|128,421|72,553|
|RESOURCES|EXPENDED|
|Administration & PR|2,230|-|2,230|1,389|
|Day Sailing|19,200|-|19,200|15,840|
|Cruises|(incl UKSA & Tectona)|-|3,750|3,750|3,250|
|-|Yacht Charters|=|27,677|27,677|35,046|
|Pro|Skipper Fees|~|3,000|3,000|-|
|Yacht|Security Deposits|-|25,550|25,550|-|
|Training|Courses|-|~|-|-|
|Charter Expenses|-|5,706|5,706|3,702|
|Insurance|1,302|-|1,302|1,309|
|Racing & Blind Week|-|5,453|5,453|1,562|
|Account|Fees &|Subscriptions|490|~|490|608|
|Refunds & Transfers IN|-|9,288|9,288|11,004|
|Sub Total|23,222|80,424|103,646|73,710|
|NET INCOMING OVER EXPENDITURE|9,917|14,858|24,775|(1,757)|
|BALANCES BROUGHT FORWARD|3,223|25,650|28,873|30,030|
|BALANCES CARRIED FORWARD|13,140|40,508|53,648|28,873|
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Note 1: The figure shown includes £200 not received from Help For Heroes, added as a debtor to the a/c.
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THE GWENNILI TRUST BALANCE SHEET
as at 31 December 2023
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.
| 2023 | ||
|---|---|---|
| Balancebrought forward at IstJanuary | 28,873 | |
| PlusExcessIncome | IncomeoverExpenditure | 24,775 |
| Creditors | - | |
| 53,648 | ||
| Represented | by Funds: - | |
| Lloyds Bank Account | 15,003 | |
| CAFNo 1 Account | 500 | |
| CAFNo2 GoldSTAAccount | 37,945 | |
| Debtors (see notes 1 & 2) | 200 | |
| 53,648 |
Note 1: A long-standing Debtor (UKSA, £500 unreturned deposit) was recovered this year. Note 2: Help For Heroes owes £200 for a Day Sail.
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