Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E Charlty Number: 1063420 THE GILBERT LANE CHARITABLE TRUST REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST CONTENTS Page Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiners, Report Statement of Financial Activities Balance Sheet Statement of Accounting Policies Notes to the Financial Statements 8-10
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report together with the accounts for the year ended 31 March 2025. Origins The charity was formed on 23 Dember 1996 under a trust deed signed by Roger Gilbert Lane, Helen Janet Lane, Janet Margaret Groves and Judith Helen Sissons {Reg No. 1063420). Objects The objects of the trust fund is to apply the income for such charitable purposes as the Trustees, at their absolute discretion think fit and in particular. but not so as to limit the generality of the foregoing, for the general benefit of persons resident in the County of Gloucestershire and Lincolnshire in such a manner as may be charitable. Trustees Mrs J.M. Groves Mrs J.H. Sissons Mr J.R. Groves Mr G.A.A. Davies Mr M.E. Frost Mrs A. Power Chaiman Appointment of Trustees Trustees are appointed according to the objects and their selection is based on their professional standing. Any person wishing to become a Trustee of the charity must be approved and is appointed by the current Trustees. Advisors Harrison Clark Rickerbys Limited Cheltenham Solicitors R Hancock Hazlewoods LLP Chartered AcLountants Cheltenham Independent Examiner Cazenove Capital Management Oxford Investmenl Advisors and Bankers The Trustees met regularly during the year to administer the trust. Principal address of the charity.. G.R. Lane Health Products Limited Sisson Road GIOuster GL2 OGR Investments The Trustees have wide powers of investment and take the advice of their advisors who have recommended the placing of the funds inio the investments detailed in nole 4 to the financial statements.
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Objectives and Activities For the year under review, the surplus on unrestricted funds was £58,941 having received a donation of £58,172 from G R Lane Holdings Limited. Donations of £11,583 as shown below were made during the year. The sum available for making further donations is £12,369. During the year the Trustees made the following donations in respect of the previous year's receipts: Insight Gloucestershire Glos. Breast Feeding Supporters Group James Hopkins Trust Asthma Relief at Work in Gloucestershire 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 Panathlon Foundation Cerebral Palsy Plus SOFA Project British Disabled Angling Association RAF Benevolent Fund Look Good Feel Better 1,083 1,500 Building Circles In planning the activities for the year, the Trustees have kept in mind the Charity Commissions guidance on public benefit. The focus of the activities remains that of making donations to local charities to the benefit of the whole community. No remuneration was paid and no expenses reimbursed to Trustees during the year. Financial review, achievements and perfomiance The investments held by the trust is in the Cazenove Charity Trusts investment fund which total £734,131 (2024 - £677,197) and are in what are considered to be sound investments. Reserves, risks and plans for the future The reserves of the Charity are held to enable it to carry out its objectives and total £751,670 (2024 - £708,021). The Trustees have assessed the major risks to which the Charity is subject and have put in place systems to mitigate those risks. The Trustees plan to maintain their cuent strategy of investing in sound investments to realise a return which will enable them to make donations in line with the Charity's objects. Accounts compliance The accounts comply with statutory requirements, the goveming document and the SORP 2019, Accounting and Reporting by Charities. The Trustees are responsible for preparing the Trustees Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES The law applicable to charities in ET)gland and Wales requires the Trustees to prepare the financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and appropriation of resources of the Charity for that period. In preparing those financial statements. the Trustees are required to- select suitable accounting policies and then apply them consistently. observe the method and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. 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 disclose, with reasonable accuracy at any time, the financial position of the Charity, and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. 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. By order of the Trustees rthJLS 2211212025 J.M. Groves . 2025 6rthJLS J.Groves
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT I report on the accounts of The Gilbert Lane Charitsble Trust (the Trusl) for the year ended 31 March 2025 which comprise the ststemenl of financial activities, the balance sheet and the related notes. These accounts have been prepared under the historical cost convention and the accounting policies set out therein. Respective responsibilities of trustees and examiner As the charity 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 respecl of my examination of the Trust's accounts carried out under seclion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}Ib) of the ACL Basis of independent examiners Sernent My examination was carried out in accordan with general direclions given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presenled wth those records. It also indudes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinions given as lo whether that accounts present a "true and fair view" and the report is limited to Ihose matters sel out in the statement below. Independent examiners 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 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements conceming the fomi and content of accounts sel out in the Charities {Accounts and 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 ConMS and have come across no other matters in conneclion with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Ryan Hancock FCCA Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 OUX 2311212025 . 2025
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Notes Restricted Funds Unrestricted Funds Total 2025 Total 2024 Income Donations and Legacies 58.172 58,172 Investment Income 14,562 14,562 13,720 Total income 72,734 72,734 13,720 Expenditure Charitable activities 11,583 11,583 9,000 Support costs 4,415 2,210 6,625 6,277 Total Expenditure 4.415 13,793 15,793 15,277 Net (expenditure) income before gains (losses) on investments (4,415) 58,941 54,526 (1.557) (Losses) gains on revaluation of investments Gains (losses) on disposal of investments (13,248) (13,248) 54,516 2.371 2,371 {13.364) Net movement in funds (15,292) 58.941 43,649 39,996 Funds brought forward 696.421 11.600 708,021 668,426 Funds Caled forward 681.129 70.541 751,670 708,021 All the above activities relate to the continuing operations of the Charity.
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2025 Notes Restricted Funds Unrestricted Funds Total 2025 Total 2024 Fixed assets Investment 675.959 58,172 734,131 677,197 Current assets Cash at bank Income account 12,119 12,119 9,404 Capital account 5,170 2,096 7,266 22,917 5.170 14,215 19,385 32,321 Creditors: Amounts falling due in one year Other creditors 1,846 1,846 1,497 Net current assets 5.170 12,369 17,539 30,824 Net assets 681.129 70,541 751,670 708,021 The funds of the charity: Capital funds - restricted 681,129 681,129 696,421 Capital funds - designated 58,172 58,172 Income funds 12,369 12,369 11,600 681.129 70,541 751,670 708,021 The financial statements on pages 5 to 10 were approved by the Trustees on and signed on their behalf by= 2211212025 2025 6rthJLS J.M. Groves J. Groves
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST STATEMENT OF ACCOUNTING POLICIES Basis of accounting The financial statements have been prepared under the historical cost convention and on a receipts and payments basis, in accordance with applicable Accounting Standards, and comply with the SORP 2015. Accounting and Reporting by Charities issued by the Accounting Standards Committee and the Charities Act. The policies adopted for items which are judged material to the financial statements are as follows: Investments Investments are shown at their market value at 31 March 2025. Receipts Interest is paid and recognised gross. Dividends are recognised gross. the Trustees recover any tax recoverable. Unrestricted funds Unrestricted funds are funds which are expendable at the discretion of the Charity Trustees. Restricted funds Restricted funds are funds which are to be used for purposes as specified by the donors. IncomelExpenditure Donations are recognised when they are unconditionally committed to. Expenditure is recognised as they are incurred.
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 Donations 2025 2024 Income Unrestricted Unrestricted Donations from G R Lane Holdings Limited 58,172 The above donations are unrestricted. however the Trustees have currently designated the above donations use for capital investment into the charity's investment portfolio but retain the ability to liquidate those funds at their discretion. 2 Analysis of investment income 2025 2024 Income Unrestricted Unrestricted Investment Income: Dividends and interest from UK investments Dividend and interest from foreign investmenusecurities 6.897 7,373 7,665 6,347 Total income 14,562 13,720 3 Analysis of charitable activities The charity paid donations totalling £11,583 (2024.. £9,000) to Gloucestershire and Lincolnshire charities. A complete analysis is included in the Trustees report. 2025 2025 2024 2024 Restricted Unrestricted Restricted Unrestricted Charitable activities: Donations payable in furtherance of the charity's objects 11.583 9.000 Support costs.. Investment managers fees LEI annual review Accountancy fees 4,415 4,017 60 2,210 2,200 Total Expenditure 4,415 13,793 4,077 11,200
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4 Fixed asset investments Listed on the recognised stock exchange in UK: Shares held at Descri ear end Market Value Market Value 2025 2024 12,300 660 5,575 289 590 19,500 27,829 58 3,300 90 40,000 10,335 13,700 118 200 17,000 6,635 29,800 134 345 47,500 59 144 60 256 10,000 10,799 855 6,075 103 46,650 44,750 32,300 5000 72 3000 113 1,951 2,235 8,500 300 8,000 Man GLG Income Fund Polar UK Value Opportunities Fund BlackRock European Dynamic Fund Findlay Park American Fund JP Morgan America Equity Fund Schroder Asian Alpha Plus Fund M+G Global Dividend Fund Atlas Global Infrastructure Impax Environmental Markets WB US Small-mid Cap Growth Fund Schroder Global Sustainable Growth Ninety One111 Global HSBC FTSE All-wodd Index Fund SPDR S&P 500 UCITS ETF Vanguard S+P 500 ETF M+G Japan Fund va/0 United Kingdom Treasury Stock 0.125% United Kingdom Treasury Gilt Fisher Investments US Small Mid-cap TwentyFour Absolute Retum Credit 1.125 % United Kingdom Treasury Gilt Man GLG Asia Pacific Amundi US TIPS Government Bond Vanguard Emerging Markets Index Schroder WM Global Sustainable M&G Emerging Markets Bond Fund Federated Hennes Unconstrained Morgan Stanley Global Asset Backed HSBC Global Government Bond Index AQR Alternative Trends UCITS 4.25 % United Kingdom Treasury Stock 0.375 % United Kingdom Treasury Stock 4.125% United Kingdom Treasury Stock Gemcap Atlantic House Defined LandseerAM European Equity Focus Amundi Prime Al County Brevan Howard Absolute Retum WisdomTree Gold Etc L+G Enhanced Commodities ETF Greencoat UK Wind PLC Schroder Diversified Altemative JP Morgan GBP Fund 15,719 8,085 14,672 44,647 55,812 21,450 38,749 7,986 9,361 49,673 56,551 22,055 37,708 7,853 8,263 8,641 26,112 16,460 33,477 32,898 15,597 24.857 13,518 25,780 47,224 22,064 12,544 34,348 33,789 30,783 6.978 14,753 7,554 24,335 7,921 17,579 9,271 19,511 21,205 12,392 20,212 57,256 13,727 44.117 42,535 32,407 10,206 9,131 23,970 13,880 30,531 22,784 8,925 25,707 8,000 734 131 8.437 12,530 23,673 24.712 11,688 26,142 22,584 677 197
Docusign Envelope ID.. AOC1A2E6495A4B6B-95D&2D5BB351482E THE GILBERT LANE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 5 Movement in restricted fund value Value of investment portfolio including capital and income bank accounts at 1 April 2024 696,421 Decrease in value of investments held at the year end (13,248) Gains on investments sold in the year 2,371 Expenditure on support costs (4,415) Value of investment portfolio including capital and income bank accounts at 31 March 2025 681,129 The restricted fund relates to the charity's capital investment which may only be used to maintain the fund and generate income to be used in fulfilling the charity's objects. 6 Movement in unrestricted fund value General fund Designated fund Value of unrestricted fund at 1 April 2024 11.600 Income during the year 14,562 58,172 Expenditure on charitable activities and support costs (13,793) Value of unrestricted fund at 31 March 2025 12,369 58,172 The designated fund is derived from donations received from GR Lane Holdings Limited over which the Trustees have ear-marked for capital investment into the charity's investment portfolio. Unlike the rest of the value within the portfolio, which is restricted. the Trustee's retain the ability to liquidate those funds al their discretion. 10