THE GUISE-MIST MEMORIAL TRUST TRUSTEES’ REPORT AND FINANCIAL STATEMENTS for the period from 6 April 2024 to 5 April 2025 Registered Charity number: 1076353
| THE | GUISE-MIST MEMORIAL TRUST |
|---|---|
| TRUSTEES’ | REPORT AND FINANCIAL STATEMENTS |
| FOR | THEYEARENDED5APRIL2025 |
CONTENTS
| CONTENTS | |
|---|---|
| Pages | |
| Administrative information | 1 |
| Trustees’ report including statement ofTrustees’ responsibilities | 2-4 |
| Independent examiners’ report | 5 |
| Statement of financial activities | |
| (including summary of income & expenditure account) | 6 |
| Balance sheet | 7 |
| Notestothefinancialstatements | 8-9 |
| THE GUISE-MIST MEMORIAL TRUST | |
|---|---|
| ADMINISTRATIVE INFORMATION | |
| Trustees: | DA Seccombe |
| WS Bath | |
| Mrs L Edmonds | |
| Mrs S E Seccombe | |
| N H Edmonds | |
| Principal address: | 5/6 Weekin Works |
| 112 — 116 Park Hill Road | |
| Harborne | |
| Birmingham | |
| B17 9HD | |
| Bankers: | Lloyds Bank Plc |
| Unit 2 & 3 Caxton Gate | |
| 36/38 New Street | |
| Birmingham | |
| B2 4LP | |
| Independent Examiners: | Malcolm Piper & Company Limited |
| Chartered Accountants | |
| Kingsnorth House | |
| Blenheim Way | |
| Birmingham | |
| West Midlands | |
| B44 8LS | |
| Solicitors: | Lodders |
| Number Ten, Elm Court | |
| Arden Street | |
| Stratford upon Avon | |
| Warwickshire | |
| CV37 6PA | |
| Investment Advisors: | EFG Harris Allday |
| 5‘ Floor | |
| 103 Colmore Row | |
| Birmingham | |
| B3 3AG | |
| RegisteredCharitynumber: | 1076353 |
Page 1
THE GUISE-MIST MEMORIAL TRUST
TRUSTEES’ REPORT
The Trustees present their report and the unaudited financial statements for the year ended 5 April 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Charity.
NATURE OF THE GOVERNING INSTRUMENT
The Guise-Mist Memorial Trust is constituted under a Deed of Trust dated 23 June 1999 and is registered as a Charity in England with The Charity Commission (registered Charity number 1076353).
TRUSTEES
The Trustees who held office during the year were as follows:
D A Seccombe WS Bath Mrs L Edmonds Ms S Guise-Mist (Retired 27/11/2024) Mrs S E Seccombe (Appointed 10/12/2024) N H Edmonds (Appointed 10/12/2024)
Ms S Guise-Mist stood down as a Trustee during the year due to ill health and it is with great sadness that the Trustees announce her death on 7 August 2025. The Trustees would like to formally record their thanks to Ms Guise-Mist for her many years of service to the Trust.
The Trustees of the Charity are entitled to hold office for life.
As the Charity becomes aware of individuals with an interest in the Charity’s activities, or where it is perceived that a Trustee can complement the skills held by current Trustees, they put in place a plan to train them.
PRINCIPAL ACTIVITY
The main objective of the Trust is to provide donations and grants to any charitable organisations or individuals in their absolute discretion. This includes donations
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e to support the provision or maintenance of rescue homes, animal sanctuaries and other facilities for the reception and care of such unwanted animals
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e to fund the provision of treatment for such sick or ill-treated animals e to any other charities considered appropriate by the Trustees.
The Trustees seek to use the income and also capital of the Trust, if appropriate, to promote these objectives.
PUBLIC BENEFIT
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities and setting donation and grant making policy for the year.
FINANCIAL REVIEW
The results for the year and financial position of the Charity are shown in the Statement of Financial Activities on page 6 and Balance Sheet on page 7.
Page 2
THE GUISE-MIST MEMORIAL TRUST TRUSTEES’ REPORT (Continued)
INVESTMENTS
The Trustees monitor investments through the appointment of an investment advisor and the returns achieved on those investments against the agreed strategy. In the current year the Trust purchased investments with a market value of £32,926. The Trust also sold investments with a market value of £59,578. The change in market value of investments in the year resulted in a loss of £14,479 (2024: gain £9,522). This is a decrease in the portfolio value which reflects the general uncertainty and volatility in domestic and global markets. Domestic markets have suffered due to additional tax measures announced by the Government in its October 2024 budget and labour costs affected by the changes in the National Minimum Wage and the Employer's National Insurance increase which will be in place until 2028. Global markets have suffered due to the anticipated and punitive tariffs announced by the USA which will affect profitability and demand for goods in export markets
The Trustees continue to take a longer-term view on the holding of investments within the Trust and are satisfied that the investment strategy of the investment advisor will impact positively in the medium term. The market value of the quoted investments held during the year is therefore considered to be acceptable.
RESERVES POLICY
At 5 April 2025 the Charity held reserves, less investment assets, of £48,358 (2024: £23,849). Investment assets are invested to provide a future income for the Trust and are therefore not generally considered to be distributable assets. However, the Trustees have the discretion to use income as well as the capital of the Trust, if appropriate, to meet its objectives.
Reserves are necessary because all income is derived from the distribution received from the investments in the shares and funds held. These distributions are variable and dependent upon the economic climate. Additionally, distributions are not received in regular equal amounts, resulting in periods of time when no income is being received but expenditure is still incurred.
PLANS FOR FUTURE PERIODS
The Trustees intend to continue with the provision of donations and grants to other charitable organisations from income received from investments. They intend to review the returns achieved on an annual basis.
TRUSTEES’ RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees’ Report and financial statements in accordance with applicable law and United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare 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 application of the resources of the Charity for that year. In preparing these financial statements, the Trustees are required to:
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e select suitable accounting policies and then apply them consistently;
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e observe the methods and principles in the Charities SORP 2015 (FRS 102):
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° make judgements and estimates that are reasonable and prudent;
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e state whether applicable accounting standards have been followed, subject to any material departures discussed and explained in the financial statements;
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e prepare financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
Page 3
THE GUISE-MIST MEMORIAL TRUST
TRUSTEES’ REPORT (Continued)
The Trustees are responsible for keeping proper accounting records that 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 Charities (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.
STATEMENT OF DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINER
We, the Trustees of the Charity who held office at the date of approval of these financial statements, as set out above, each confirm so far as we are aware, that:
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e there is no relevant information of which the Charity’s Independent Examiner is unaware; and
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e we have taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the Charity’s Independent Examiner is aware of that information.
Approved by the Trustees on 19 November 2025 and signed on its behalf by:-
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D A Seseombe eta
Trustee
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Page 4
REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF THE GUISE-MIST MEMORIAL TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE GUISE-MIST MEMORIAL TRUST
| report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025, which are set out on pages 6 to 9.
RESPONSIBILITIES AND BASIS OF REPORT
As the Charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’)
| report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
INDEPENDENT EXAMINER’S STATEMENT
| have completed my examination. | 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:
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(1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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(2) the accounts do not accord with those records or
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(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set 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.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Peter Whitehead BA FCA Malcolm Piper & Company Limited Chartered Accountants Kingsnorth House Blenheim Way Birmingham B44 8LS
Date: 19 November 2025
Page 5
THE GUISE-MIST MEMORIAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 5 APRIL 2025
| Unrestricted | funds | ||
|---|---|---|---|
| Note | 2025 | 2024 | |
| £ | £ | ||
| income | |||
| Investments | |||
| Dividends and income from | |||
| investments | 25,914 | 26,573 | |
| Bank interest received | 294 | = | |
| Total income | 26,208 | 26,573 | |
| Expenditure on: | |||
| Charitable activities | |||
| Donations and grants | (23,000) | (22,000) | |
| Other | |||
| Legal and other professional fees | 2 | (5,352) | (5,139) |
| Total expenditure | (28,352) | (27,139) | |
| Net (expenditure)/income before | |||
| gains and losses | (2,144) | (566) | |
| Net gains / (losses) on investments | 5 | (14,479) | 9,522 |
| Net income/ (expenditure) and | |||
| Net movement in funds | (16,623) | 8,956 | |
| Total funds brought forward | |||
| at 6 April 2024 | 659,448 | 650,492 | |
| Total funds carried forward at5April2025 |
642,825 | 659,448 |
All gains and losses recognised in the year are included above.
These unaudited financial statements have been subject to Independent Examination. See report on page 5.
The notes on pages 8 to 9 form part of the financial statements.
Page 6
THE GUISE-MIST MEMORIAL TRUST (Registration number 1076353)
BALANCE SHEET
AS AT 5 APRIL 2025
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2025 2024
Note £ £
FIXED ASSETS
Investments 5 594 468 635,599
CURRENT ASSETS
Cash at bank 48,357 23,849
Net Assets 642,825_ 659,448
Charity Funds 6 642,825 659,448
Unrestricted funds
Total Charity Funds 642,825 659,448
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These financial statements were approved for issue on 19 November 2025 and signed on its behalf by:
D(Reveeccombe- Trustee—
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WS Bath - Trustee
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N H Edmonds - Trustee
: S E Seccombe - Trustee
These unaudited financial statements have been subject to Independent Examination. See report on page 5. The notes on pages 8 to 9 form part of the financial statements.
Page 7
THE GUISE-MIST MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
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1 ACCOUNTING POLICIES
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a. Charity status
The Guise-Mist Memorial Trust is constituted under a Trust Deed in the United Kingdom and registered with the Charity Commission in England. The address of the principal office is given in the Charity information on page 1 of these financial statements. The nature of the Charity’s operation and principal activities are given on page 2.
b. Basis of accounting
The financial! statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include investments at market value.
The presentation currency of the financial statements is the pound sterling (£).
- c. Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objective of the Charity and have not been designated for other purposes.
d. Income recognition
All income is included in the SOFA when the Charity is legally entitled to the income after any performance conditions have been met; the amount can be quantified with reasonable accuracy; and it is probable that the income will be received.
Investment income is earned through holding assets for investment purposes such as shares and investment funds. It includes dividends and interest received and any associated tax credits once received.
e. Expenditure recognition
All expenditure is accounted for on a cash expended basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. It is categorised under the following headings:
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e Expenditure on charitable activities includes donations and grants paid; e Other expenditure represents administration and governance cost of running the charity.
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f. Investments
Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.
g. Tax
The Charity is exempt from taxation under section 506(1) of the Taxes Act 1988 on the basis that the fund is recognised as a Charity by the Inland Revenue according to the terms of the Trust Deed dated 23 June 1999.
Page 8
THE GUISE-MIST MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (contined)
2 LEGAL AND OTHER PROFESSIONAL FEES
FOR THE YEAR ENDED 5 APRIL 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Registered office | 108 | - |
| Trustee expenses | 67 | 49 |
| Trustee insurance | 307 | 328 |
| Independent examiners fee | 900 | 972 |
| Stockbrokers’ fees | 3,970 | 3,790 |
| 5,352 | __5,139 |
- TRUSTEES’ REMUNERATION
No remuneration has been paid or is payable to the Trustees either directly or indirectly in the current or prior year.
Trustee meeting and other expenses of £67 (2024: £49) were paid and Trustee indemnity insurance of £307 (2024: £328) was paid by the Charity in respect of all Trustees.
4 EMPLOYEES
There were no full or part time employees during the year (2024: Nil).
5 INVESTMENTS
| Market | Market | |||||||
|---|---|---|---|---|---|---|---|---|
| value | Change in | value | ||||||
| b/fwd | market | c/fwd | ||||||
| 06.04.24 | Additions | Disposals | value | 05.04.25 | ||||
| £ | £ | £ | £ | £ | ||||
| Equities | listed | on | UK | |||||
| StockExchange | 635,599 | 32,926 | (59,578) | (14,479) | 594,468 |
6 STATEMENT OF FUNDS
| At | Net gain on | At | |||
|---|---|---|---|---|---|
| 06.04.24 | Income | Expenditure | investments | 05.04.25 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds and | |||||
| Totalfunds | 659,448 | 26,208 | (28,352) | (14,479) | 642,825 |
Details of the fund are given in note 1c.
Page 9