L
2024 JPT
04/04/2026
Independent Examiner's Report to the trustees of
THE GWENNILI TRUST
for the year ended 31 December 2025
I report on the accounts of the Trust for the year ended 31 December 2025, which are set out on pages 5 and 6
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the Charity's Trustees you are responsible for the preparation of the accounts. You consider bheé 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 Genayel Directions given by the Charity Commissioners under section 43 (7)(b) of the Act, whether any 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 eee. Commissioners. An examination includes a review of the accounting records kept by the Chari *4 and a comparison of the accounts presented with those records. It also includes consideration OF ony unusual items or disclosures in the accounts, seeking explanations from you as Trustees concern «#4 any such matters. The procedures undertaken do not provide all the evidence that would be regsaived by an audit, and consequently I do not express an audit opinion on the view given by the accownts
INDEPENDENT EXAMINER'S QUALIFIED STATEMENT
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements e To keep accounting records in accordance with section 41 of the Act; and ° to prepare accounts which accord with accounting records and to comply with, 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 undersLardong of the accounts to be reached
I Sturgeon Esq formerly an Associate of the Chartered Insurance Institute (ACII)
The Double T
Flowers Drove
Lytchett Matravers
POOLE BH16 6BX veicenage = (date signed) @) [ \ [ou
Page 4 of 6
THE GWENNILI TRUST
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|Income|Income|Funds|Funds|
|2025|2025|2025|2024|
|£|£|£|4|
|INCOMING RESOURCES|
|Donations|17,350|=|17,350|17,750|
|Day|Sailing|11, 493|-|11, 493|7,475|
|Yacht|Charter|Contributions|3,890|-|3,890|2,388|
|Skipper|Fee|Refund|-|-|-|280|
|Yacht|Security|Deposit|returns|-|6,357|6,357|-|
|Training|Courses|480||480||
|Grants &|Bursaries|=|71,008|71,008|57,993|
|Bank|Interest|775|~|775|907|
|Refunds &|Transfers|IN|10,|000|-|10,|000|15,200|
|Sub|Total|43, 988|77, 365|121,353|101,993|
|RESOURCES|EXPENDED|
|Administration &|PR|4, 867|-|4,|867|2,328|
|Day|Sailing|13,750|=|13,750|13,250|
|Yacht|Charters|=|57, 538|57, 538|36,881|
|Pro|Skipper|Fees|-|5, 520|5, 320|2,800|
|Yacht|Security|Deposits,|Damages,|Losses|-|8, 988|8, 988|1,459|
|Training|Courses|319|-|319|1,686|
|Charter|Expenses|-|11,512|11,512|6,344|
|Insurance|1,546|-|1,546|1,487|
|Racing &|Blind Week|9, 714|-|9,714|11,236|
|Account|Fees &|Subscriptions|674|-|674|615|
|Refunds &|Transfers|IN|10, 000|-|10, 000|17,550|
|Sub|Total|40, 870|83, 358|124, 228|95,636|
|NET INCOMING|OVER EXPENDITURE|3, 118|(5,993)|(2, 875)|6,357|
|BALANCES|BROUGHT FORWARD|21,792|38,213|59, 805|53,648|
|BALANCES|CARRIED FORWARD|(see|note)|24,910|32,220|56,930|59,805|
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Note: A balancing adjustment of £200 was made to the Financial Account for 2024; see Financial Account for detailed explanation.
Page 5 of 6
THE GWENNILI TRUST
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)
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BALANCE SHEET
| as at 31 December2025 | |
|---|---|
| 2025 | |
| Balancebroughtforward at 1stJanuary | 59,805 |
| PlusExcessIncome over Expenditure | (2,875) |
| 56,930 | |
| Represented by Funds: - | |
| LloydsBank No 1 Account | 26,485 |
| LloydsBank 32day notice SavingsAccount | 30,445 |
| CAF No 1 Account | Nil |
| CAF No 2 Gold STA Account | Nil |
| Debtors (Nil) | - |
| 56,930 |
Note:
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