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

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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

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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 De￿mber 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
GIOu￿ster
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.

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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 cu￿ent 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).

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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

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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 S￿￿ernent
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 Con￿MS 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

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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 Ca￿led forward
681.129
70.541
751,670
708,021
All the above activities relate to the continuing operations of the Charity.

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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

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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.

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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

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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

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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