Charity number: 1108775
THE JAMES GIBSON CHARITABLE TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE JAMES GIBSON CHARITABLE TRUST
CONTENTS
Page
Reference and Administrative Details of the Charity. its Trustees and Advisers
Trustees. Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-17

THE JAMES GIBSON CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
Trustees
George David Gibson
William Bonner-Davies
Joanna Skipwith
Charity registered
number
1108775
Principal office
The Manor House
10 Chapel Lane
The Reach
Cambridge
CB25 OJJ
Accountants
Streets LLP
Tower House
Lucy Tower Street
Lincoln
LN1 1XW
Bankers
CAF Bank Ltd
Kings Hill
West Maitling
Kent
ME 19 4JQ
Page 1

THE JAMES GIBSON CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 6 April
2023 to 5 April 2024. The financial statements have been prepared in accordan￿ with the accounting policies
set out on page 8 and comply with the Charities Act 2011, the Financial Reporting Standard 102 (effective
January 2019) and the provisions of the trust deed dated 16 March 2005.
Objectives and activities
a. Policies and objectives
The objectives of the charity including the grant making policy are as follows.. The trustees must apply the
income of the charity and at their discretion may spend all or part of the capital of the charity to make grants to
organisations that are registered charities under the laws of England and Wales or that are otherwise recognised
as charities by the Commissioners of the Inland Revenue. The trustees, aim is to identify suitable projects for
consideration and welcome written applications to the registered offi￿. The trustees intend to continue providing
donations in a similar way as previous years retaining flexibility as to the timing and scale of the donations.
The Trustees have absolute discretion as to whether to approve a grant to any particular applicant and will not
give reasons for any refusal.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit. including the guidan￿ 'Public benefit.. running a
charity {PB2)'.
Achievements and perfomiance
a. Main achievements of the Charity
The Trustees assessed suitable projects for funding throughout the year and made donations directly to charities
or through the Big Give, a charity that facilitates match-funding. Donations were made of £80,000 to 21 charities
working to protect the environment, including those working to protect rainforest, marine environments,
endangered species and habitats, and those campaigning to redu￿ the harm caused by plastic and chemical
waste to rivers and oceans. £38,000 was given to selected charities taking part in the Big Give and funding was
matched accordingly. £42,000 was given directly to selected charities. The three largest grants, each for
£10,000, were made to Fauna and Flora, Greenpeace and Rainforest Trust (UK).
Financial review
a. Going concem
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
The trustees operate a single unrestricted fund that is primarily represented by the market value of investments
and net cash deposits required to generate resources from which charitable donations are made. The capital
base of investments is used to generate income for distribution on an annual basis.
Page 2

THE JAMES GIBSON CHARITABLE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
c. Financial Review and Investment Policy
The incoming resources of the trust for the year to 5 April 2024 amounted to £526,433 (2023.. £52,907) of which
£42,111 (2023.. £52,907) was all generated from its investments and £484,322 represents a donation of shares.
Of the outgoing resources £80,000 (2023.. £88,500) was distributed by way of charitable grants and other
expenses absorbed £9,425 results'ng in income exceeding expenditure by £437,020 (2023.. expenditure
exceeding income by £51,207).
There was a positive net movement in funds for the year of £663,925 {2023.' negative net movement of
£189,622). The balance of the unrestricted fund at the year end amounted to £2,667,951 (2023 £2,004,026).
The value of investments under management was £2,556,470 at 5 April 2024 (2023 £1,948,711). The
investment portfolio was under discretionary management with Dowgate Capital, who undertake a moderate risk
investment policy and review the investment performance regularly with the trustees. The Trustees maintain a
written investment policy that further details the management, risk and ethical policy of the investment funds.
Structure, governance and management
a. Constitution
The James Gibson Charitable Trust was established by Mr George David Gibson in a Settlement Deed dated
16th March 2005 under the law of England and Wales. The Trust is registered with the Charity Commission,
registration number 1108775. The principal objectives of the Trust are to make donations and grants to such
charitable institutions or authorities in such a manner as the trustees may in their absolute discretion think fit.
b. Methods of appointment or election of Trustees
Details of the Trustees, who served throughout the year and since the year*nd are set out on page 1 of these
accounts. The trustees provide their services without charge and no Trustees, remuneration was paid during the
year. Appointment of new trustees is at the discretion of the existing trustees and must be appointed for a term
of at least five years by a resolution of the trustees passed at a special meeting called under Clause 15 of the
Deed.
All matters of policy and management are determined by the Trustees who routinely meet a year to agree
the appeals that will be successful in receiving donations for the year.
c. Policies adopted for the induction and training of Trustees
On appointment, new trustees are provided with infomation on the structure, administration, policies and
procedures of the Trust and the duties of the Trustees. Where appropriate and depending on the existing
knowledge and experience in the charities sector of the incoming Trustee, any new Trustee is encouraged to
consider whether they would benefit from external training. New Trustees are briefed about the Charity's
objectives and how they have been achieved in the past.
Plans for future periods
The trustees intend to continue to support charitable objectives as set out in the governing document. The
trustees aim to provide grants to help their preferred charitable objects.
Page 3

THE JAMES GIBSON CHARITABLE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practi￿).
The law applicable to charities in England & 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 its incoming
resources and application of resources, including its income and expenditure, for that period. In preparing these
financial statements, the Trustees are required to=
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and 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 hen￿ for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees on 6 June 2025 and signed on their behalf by"
George David Gibson
William Bonner-Davies
Joanna Skipwith
Page 4

THE JAMES GIBSON CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Independent Examiner's Report to the Trustees of The James Gibson Charitable Trust ('the
Charity.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'the 2011 Act.).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of the Institue of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in
preference to the Accounting and Reporting by Charities= Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordan￿ with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 Charity as required by section 130 of the 2011 Act- or
the accounts do not accord with those records., or
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 fai¢ view which is not a matter considered as part of an independent
examination.
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 accounts to be reached.
Signed..
Dated: 0610612025
Linda Lord
Bsc FCA BFP TEP
Tower House, Lucy Tower Street. Lincoln. LN1 1XW
Page 5

THE JAMES GIBSON CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Investments
484.322
42,111
484.322
42,111
52,907
Total income
526,433
526,433
52,907
Expenditure on:
Raising funds
Charitable activities
7,553
81.860
7,553
81.860
It,440
92,674
Total expenditure
89.413
89.413
104, 114
Net incomel(expenditure) before net gainsl(losses)
on investments
Net gainsl{losses) on investments
437,020
226.905
437,020
226.905
(51,207)
(138,415)
Net movement in funds
663.925
663.925
(189, 622)
Reconciliation of funds..
Total funds brought forward
Net movement in funds
2,004.026
663,925
2,004.026
663,925
2, 193, 648
(7 89,622)
Total funds carried forward
2,667,951
2,667,951
2, 004,026
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 17 form part of these financial statements.
Page 6

THE JAMES GIBSON CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Note
Fixed assets
Investments
2,556.470
1,948,711
2,556,470
1.948,711
Current assets
Debtors
12
1.437
115,726
1,437
57.760
Cash at bank and in hand
117.163
59,197
Creditors.. amounts falling due ￿￿thIn one
year
13
(5.682)
(3, 882)
Net current assets
111,481
55,315
Total assets less current liabilities
2,667.951
2, 004,026
Net assets excluding pension asset
2,667,951
2, 004,026
Total net assets
2,667.951
2, 004, 026
Charity funds
Restricted funds
Unrestricted funds
14
14
2,667.951
2, 004,026
Totsl funds
2,667,951
2, 004, 026
The financial statements were approved and authorised for issue by the Trustees on 06 June 2025 and signed
on their behalf by..
George David Gibson
William Bonner-Davies
Joanna Skipwith
The notes on pages 8 to 17 form part of these financial statements.
Page 7

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
General infomiation
The Charitable Trust was established by a Settlement Deed dated 16th March 2005 under the law of
England and Wales.
The Trust is registered with the Charity Commission, registration number 1108775.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
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 Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fail view. This departure has involved following the Charities SORP (FRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
The James Gibson Charitable Trust meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income re￿1vable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is re￿1Vable.
2.3 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit
to a third party, 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 activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. 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 between those activities on a basis consistent with
the use of reSoUr￿s. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Page 8

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies {continued)
2.3 Expenditure (continued)
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the Charity,. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on
investments, in the Statement of Financial Activits'es.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or ServI￿S it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Page 9

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies {continued)
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the ex￿ptIOn of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
484,322
484,322
Total 2023
During the year shares with a market valuation of £484,322 were donated to the charity.
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment Income
42,101
10
42.101
10
52,656
251
Interest Received
Total 2024
42,111
42,111
52,907
Total 2023
52,907
52,907
Page 10

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Investment management costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment management fees
7,553
7,553
11,440
Total 2023
11,440
17,440
Analysis of grants
Grants to
Institutions
2024
Total
funds
2024
Total
funds
2023
Grants, Charitable Activities
80,000
80,000
88,500
Total 2023
88, 500
88, 500
The Charity has made the following material grants to institutions during the year..
Page11

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of grants (continued)
2024
2023
Name of institution
Action for Conservation
Blue Marine Foundation
5,000
5,000
3,000
3,000
3,000
3.000
10,000
5,000
Bumblebee Conservation Trust
Butterfly Conservation
Cool Earth Action
David Shepherd Wildlife Foundation
Fauna and Flora
Froglife
Greenpea
Pipal Tree
Rainforest Trust UK
River Action
5,000
10,000
8,000
15,000
5,000
10,000
10,000
1.000
10,000
5.000
Sand Dams Worldwide
Solar Aid
Surfers Against Sewage
Trees for Life
Whitley Fund for Nature
Wildcats Conservation Alliance (ZSL)
WildFish
Yorkshire Dales Millennium Trust
5,000
2,450
5,000
2,500
3,000
3.000
3,000
3.000
9,950
6,000
75,000
83,900
Other grants to institutions (£1,000 or less)
5,000
4,600
80,000
88,500
Page 12

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Total
2023
Charitable Activities
81,860
81,860
92,674
Total 2023
92,674
92,674
Analysis of expenditure by activities
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitable Activities
80.000
1.860
81,860
92,674
Total 2023
88, 500
4,174
92,674
Independent examiner's remuneration
2024
2023
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
1,500
3, 882
10. Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 5 April 2024. no Trustee expenses have been incurred (2023 - £NIL).
Page 13

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
11.
Fixed asset investments
Listed
investments
Cost or valuation
At 6 April 2023
Additions
Disposals
Revaluations
1,948,711
734,776
{363,822)
236,805
At 5 April 2024
2,556,470
Net book value
At 5 April 2024
2,556,470
At 5 Apnl 2023
1,948,711
12. Debtors
2024
2023
Due within one year
Tax recoverable
1,437
1,437
1,437
1,437
13.
Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
5,682
3,882
Page 14

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
14. Statement of funds
Statement of funds - current year
Balance at 6
April 2023
Gainsl Balance at 5
(Losses)
April 2024
Income Expenditure
Unrestricted funds
General Funds
2,004,026
526.433
(89.413)
226,905
2,667,951
Page 15

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
14. Statement of funds (continued)
Statement of funds - prior year
Balance at
1 April 2022
Gainsl
Balance at
(Losses) 5 April 2023
Income Expenditure
Unrestricted funds
General Funds
2, 193,648
52,907
(104, 114)
(138,415)
2, 004,026
15. Summary of funds
Summary of funds - current year
Balance at 6
April 2023
Gainsl Balance at 5
(Losses)
April 2024
Income Expenditure
General funds
2,004,026
526.433
(89.413)
226,905
2,667,951
Summary of funds - prior year
Balan￿ at
l April 2022
Gains/
Balance at
(Losses) 5 April 2023
Income Expenditure
General funds
2. 193.648
52.907
(104. 114)
(138,415) 2,004,026
16.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Fixed asset investments
Current assets
Creditors due within one year
2,556,470
117,163
(5,682)
2,556,470
117.163
{5,682)
Total
2,667,951
2,667,951
Page 16

THE JAMES GIBSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Fixed asset investments
1,948,711
59, 197
(3,882)
1,948,711
59,197
(3, 882)
Current assets
Creditors due within one year
Total
2, 004,026
2, 004,026
17.
Related party transactions
During the year shares with a market valuation of £484,322 were donated to the charity by Mr G Gibson
(trustee}.
Page 17