Charlty registratlon number 1096729 (England and Wales)
THE GB TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Caladine
Chartered Certified Accountonts

THE GB TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Geoff Booker (Managing Trustee)
Gary Booker
Geraldine Booker
Charlty number (England and Wales)
1096729
Prlnclpal address
Flat 46, Orvis Court
5 Midway Quay
Eastbourne
BN23 5DF
Independent •xamin•r
John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
8N21 1BF
Banker8
CafBank Limited
Kings Hill
Vvesl Malling
Kent
ME19 4TA
Sollcltor8
Mayo Wnne Baxter
3 Bell Lane
Lev￿8
East Sussex
BN7 1JU

THE GB TRUST
CONTENTS
Page
Trustees, report
statement of trustees, responsibilities
Independent examiners report
Statement of financial activities
ststement of financial position
Notes to the financial statements
7-12

THE GB TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the trust's Trust Deed, the Charities Act 2011 and "Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
2019)"
Objectlves and actlvltles
The Trusfs objectives are to hold the capital and income of the Trust fund upon trust to apply tre income and all or
such part or parts of the capital for or towards such charitable purposes and objects and to make donations to such
charitable institutions, societies, organisats'ons or bodies established for such charitable purposes (including but
without prejudice to the generality churches) in any part or parts of the world at such time or times and in such
manner as the Trustees may in their absolute discretion think fit.
Publlc benefit
The Trustees have paid due regard to guidance Issued by the Charity Commission in deciding what activities the
trust should undertake.
Achlevemonts and perforniance
During the year. the Trust continued supporting grants towards the Kabubbu Development Project in Uganda.
Flnanclal revlew
There was a deficit in the year of £1,368 (2024.. deficit of £10,234). Funds at 31 March 2025 amounted to £16,946
{2024.' funds of £18,314).
Rlsk management
The Trustees have assessed the major rlsks to which the Trust Is exposed, and are satisfied that Systems are in
place to mitigate exposure to the major risks.
structure, governance and management
The Trust was established by a charltable trust deed on 3 March 2003.
The Trustees who served during the year and up to the date of signature of the financial statements were..
Geoff Booker (Managing Twstee)
Gary Booker
Geraldine Booker
Further Trustees with suitable skills and knowledge of the charitable sector are appointed by the existing Trustees.
Training would not be considered appropriate as only persons with experience of being a trustee would be
appointed.
The day to day management of the Trust is carried out by Mr Geoff Booker. The Trustees who oversee the charty
meet as necessary from time to time.

THE GB TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The truste
report was approved by the Board of Trustees.
Geoff Booker (Managing Trustee)
Trustee
Date: ...

THE GB TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance wrth
applicable law and United Kingdom Accounting Standards (United Kingdom Generally AC￿pted Accounting
Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each
financial year vthich give a true and fair view of the stste of affairs of the trust and of the incoming resources and
application of resources of the trust for that year.
In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures disdosed
and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The Trustees are responsible for keeping sufficient accountlng records that disclose wlth reasonable accuracy at
any time the financial position of the trust 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 trust and hence for taking reasonable step8 for the
prevents'on and detection of fraud and other irregularities.

THE GB TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE GB TRUST
I report to the Trustees on my examination of the financial statements of The GB Trust (the trust) for the year ended
31 March 2025.
Responsibllltles and basls of report
As the Trustees of the trust you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act 2011.
I report in respect of my examination of the trust's financial statements carried out under section 145 of the Charities
Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under
section 14515)(b) of the Charities Act 2011.
Independent examlnerfs statement
I have completed my examination. I confirm that no 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 requlred by section 130 of the Charities Act 2011.
the financial statements do not accord with those records., or
the financial statements do not comply with the applicable requirements concerning the form and content of
financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the financial statements give a true and falr vlew, which is not a matter considered as part of
an independent examinats'on.
I 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 financial statements to be reached.
John Caladlne FCCA CTA FCIE
Caladine Limited
Chanty House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Date..

THE GB TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrlctsd
funds
2025
Unrestricted
funds
2024
Note8
Income from:
Donations and legacies
Investrnents
57,003
168
44,957
334
Totsl Income
57,171
45,291
Expendlture on:
Charitable activities
58,539
55,525
Totsl •xpendlture
58,539
55,525
Net expendlture and movement In fund8
(1,368)
(10,234)
Reconclllatlon of funds:
Fund balances at 1 April 2024
18,314
28,548
Fund balances at 31 March 2025
16,946
18,314
The statement of financial activities includes all galns and losses racognlsed In the year. All incom& and expenditure
derive from continuing activitles.

THE GB TRUST
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
2025
2024
Notes
Current ass8ts
Trade and other receivables
Cash at bank and in hand
10
9,728
9,358
9.162
11,112
19,086
(2,140)
20,274
11,960)
Currnnt Ilabllltl•s
11
Net curr•nt assets
16,946
18,314
Th• funds of the trust
Unrestricted funds
12
16,946
18,314
16.948
18.314
The finanaal state
were approved by the Trustees on ... ........
Geoff Bo
Trust88
er (Managing Trustee)

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Charlty Informatlon
The GB Trust is a charity governed by a charitable trust deed dated 3 March 2003. The principal address is
Flat 46. Orvis Court, 5 Midway Quay. Eastbourne, BN23 5DF.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the trust's Trust Deed, the Charities Act
2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019)" The trust is a Public Benefit Entty as defined
by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1
not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departLtre has involved following the Statement of
Recommended Pracii¢e for charities applying FRS 102 rather than the version of the Statement of
Recomrnended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the trust
has adequate resources to continue in operational existence for the foreseeable future. Thus the Tr￿slee9
continue to adopt the going concern basls of accounting in preparing the financlal statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the trust is legally entitled to it after any performance condition5 have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been r￿tified of
the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation
to donations received under Gift Aid or deeds of Govenant is recognised at the time of the donation.

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles (Continued)
1.6 Expendlture
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit to a
third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activty are made up of the total of dIr￿t Costs and
shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Expenditure is induded on an accruals basis and includes irrecoverable VAT.
1.6 Cash and cash equlvalents
Cash and cash equivalents Include cash in hand, deposlts held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Flnanclal instruments
The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented In the finanaal statements, when
there is a leg811y enforceable right to set off the recognised amounts and there is an intents'on to settle on 8 net
basis or to realise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial assets, which include trade and other re￿ivable$ and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at arnortised cost
using the effective interest method unless the arrangement consts"tutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable wtthin one year are not amortised.
Basic financl81 Ilabillties
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of flnancial liabilities
Financial liabilities are derecognised when the trust's contractual obligations expire or are disch8rged or
can￿lled.

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles (Continued)
1.8 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to
terminate the employment of an employee or to provide temiination benefits.
1.9 Taxatlon
The Trust has charitable status and is exempt from corporation tax on the income it has received.
Crltlcal accountlng estlmates and Judgemonts
In the application of the trust's accounting policies, the Trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilit18S that are not readily apparent from othar
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these astimates.
The estimates and underlylng assumptions ar8 revlewed on an ongoing basls. Revlsions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects cnly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlons and legacles
Unrestrlcted
funds
2025
Unrestrlcted
funds
2024
Donations and gifts
57,003
44,957
Donatlons and glfts
Grants and Donations
Gift Aid Receivable
48,274
8,729
40,794
4,163
57,003
44,957
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Interest receivable
168
334

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activltles
Charltable
actlvities
Charitable
adivities
2025
2024
Dlrect costs
Grant funding of activities (see note 6)
46,168
52,250
Share of support and governance c08ts (888 note 7)
Support
Govemance
8,891
3,480
3,275
58,539
55,525
Analysls by fund
Unr8Stricted funds
58,539
55,525
Grants payabl8
Charltable
actlvltles
2026
Charitsble
activities
2024
Grants to institutions..
Kabbubu Development Project
Matthew Twenty Five Forty
46,168
52,000
250
46,168
52,250
Support costs allocated to actlvltles
2025
2024
Computer equipment
Travel and subsistence
Governance costs
3,358
5,533
3,480
3,275
12,371
3,275
Charitable activities
12,371
3,275
10-

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to actlvltle8 (Continued)
2025
2024
Governance costs comprf88:
Accountancy
Consultsncy
Bank charges
1,320
2.000
160
1,140
2,000
135
3,480
3,275
Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Taxatlon
The charity is exempt from taxation on its activities because all its income Is applied for charitable purposes.
10 Trade and other recelvables
2026
2024
Amounts falllng due wlthln one year:
Other receivables
9,728
9,162
11 Current Ilabllltles
2025
2024
Trade payables
Accruals and deferred income
1,000
1.140
1,000
960
2.140
1,960
11

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds vthich have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Aprfl
2024
Incomlng
resources
Resources At 31 March
expended
2025
General funds
18,314
57,171
(58,539)
16.946
Prevlous year:
At 1 Aprll
2023
Incoming
resources
Resources At 31 March
expended
2024
General funds
28,548
45.291
(55,525)
18,314
13 Related party transactlong
Transactlons wlth related partle8
The Trustees received no remuneration and were not reimbursed any expenses in their role as Trustees.
The Trustees donated £34,914 (2024: £17,645) to the Trust.
Trustee Geoff Booker received £2,000 for profession81 fees (2024.. £2,000).
12-