REGISTERED CHARrfY NUMBER: 1111347 GERRARD AND AUDREY COUCH CHARABLE TRUST REPORT OF THE TRUSTESS AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S
CERRARD AND AUDREY COUCII CII4RrrABLE TRUST coKrETrifs OF THE FIF4ANCIAL STATEMEKrs FOR THE YE.4R ENDED 31 K4RCH 2025 Page Report of the Trustees Independent E.xaminer s Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 5t06 Dctsiled Statement of Financial Activities
GERRARD AND AUDREY COUCH CHARITABLE TRUST REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 4RCH 2025 The trustees present their report with the fmancial statements of the charity for the year ended 3 Imarch 2025. The trustees have adopted the provisions of the Statement of Reconllnended Practice (SORP) 'Accounting and Reporting by Charities, in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfIvES AND AcrIvrrIES Objectives atul policies In accordance with the trust deed, the fund is held for the trustees to provide assistance and support for charities and charitable purposes connected Ivith animals, rescuers at sea and seafarers, cultivation of medicine and surgery, churches in Merseyside or other such charitable objectives as the trustees may in their absolute discretion think fiL especially the Arts, People and Education: FINANCIAL REVIEW Net income for the year, before gains/Oosses) on investments, was £18,069. Total unrestricted income funds carried forward as at 31 March 2025 were £2,081,729 (2024: £2,070,780). FUNDING The Trust will continue to support projects in line with its objectives and policies. The trustees are satisfied that the trust's assets are available and adequate to fulfil its obligations in relation to those funds. STRucfuRE, GOVERNANCE AND MANAGEMENT Cvoverning document Thc charity is controlled by its governing documenL a deed of trust, and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1111347 Principal address Aaron & Parthcrs LLP 5-7 Grosvenor Court Forcgate Street Chestcr CHI IHG Trustees M J T07er C T Pointon Indcpendcnt exuminer Milne T]iomas & Co Chartcrcd Accouiil£uits 27 Scllcr Strcct Chcslcr Clieshire CHI 3NA Approvcd by ordcr of tlie board of truslees on .... . and signcd on its behalf by: M J Toler Trustce C T Pointon - Trustee Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GERRARD AND AUDREY COUCH CHARITABLE TRUST Independent examineF'sreport t(>the trustees of The Coucb ChitsbIe Trust I report to the charity trustees on my examination of the accounts of the Gcrrard and Audrcy Couch Charitable Trust (thc Trust) for Ihc year endcd 31 March 2025. Responsibilities and basis of report As die charity truslees of thc Trusl you are responsible for the preparation of die accounts in accordance with the rcquircments of the Charitics Act 2011 ('tlie Act,). I report in respect of niy cxamination of the Trust's accounts carried out undcr scclion 145 of tlic Act and in carrying out my examination I have folloii'cd all applicable Direction given by thc ChariLy Commission undcr scction 145(5)(b) of the Act. Independent examiner's statement I have cA)mplcled my examination. I Conf diat no material malters havc comc to my attention in connection with the examination 11 11 giving me causc to believe lliat in any material rcspecl: Accounting rccords Ivere not kept in respect of the Trust as rcquired by section 130 of the ACL or 2. Tlie accounts do not accord iyitli those records. or 3. Thc accounts do not coinply witli the applicable requircments concerning the forni and content of accounts set out in thc Cliarities (Accounls and Reports) Regulations 2008 other than any requirement that the accounts gii'e a true and fair vicw Ivhich is not a maltcr considered as a part of an indcpcndent examination. I have no concerns and havc comc across no other maltcrs in connection with the examination to Ivhich attention s]iould be drawn in this rcport in ordcr lo enablc a proper understanding of the accounts to be reache(L Stcvcn Thomas Milne Thomas & Co. Chartered Accountants ?7 Seller Street Chcsler CHI 3NA
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GERRARD AND AUDREY COUCH CHARrrABLE TRUST STATEMENT OF FINANCIAL AcrIvrrS FOR THE YE.4R ENDED 31 MARCH 202S 2025 Tolal Funds 2024 Tolal Funds Notes tNCOME AND ENDoWmErs EKO Inveslment income 63158 58773 Other income 21397 250 Total 84555 59023 EXPENDrruRE ON Charitable activities Grants to institutions 45053 32500 Other 21433 21047 Total 66486 53547 Net gains/(losses) on investments (7120) 191721 NET INCOMEI(EXPENDITURE) 10949 197197 RECONCILIATION OF FUNDS Total funds brought forward 2070780 1873583 TOTAL FUNDS CARRIED FORWARD 2081729 2070780 The notcs forni part of these fmancial statements 11 Page 3
GERRARD AND AUDREY COUCH CHARrrABLE TRUST BALANCE SHEET ASAT 31 MARCH 20ts? 2025 Total Funds 2024 Total Funds Notes FtXF.T) AS,8F,TS Investments 2030913 2040613 CURRENT ASSETS Cash at bank 51945 32630 CREDrroRS Amounts fallino due INithin one vear ( 1129) ( 2463) NET CURRENT ASSETS 50816 30167 TOTAL ASSETS LESS CURRENf LIABILYfIES 2081729 2070780 NET ASSETS 2081729 2070780 FUNDS Ullrestricte(i fuiids 2081729 2070780 TOTAL FUNDS 2081729 2070780 The fmancial statcments were approved by the Board of TnteeS on .. . . and Ivere signcd on its belialf by: M J Tozer - Trustee C T Pointon - Trustee The notes forni part of these fmancial slalemeiits Page 4
GERRARD AND AUDREY COUCH CHARrrABLE TRUST NOTES TO THE FtNANCIAL STATEMEiYrs FOR THE YE.4R ENDED 31 4RCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The fmancial slatements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparin(y their accoiints in accordance with the Financial Reportino Standard applicable in the LIK and Republic of Ireland (FRS 102), Financial Reporting Standard 102 'The FIn]cIal Reporting Standard applicable in the UK and Republic of Ireland, and tlie Charities Act. Tlic financial statements have been prepared under the historical cost convention with the exception of inveslments which are included at market value, as modified by the revaluation of certain 11 a&set& Income All income is reco_onised in the StatemenL of Fillancial Aclivitics once the charitv has entitlement to the. funds: it is probable that the income will be received ]d the amount can be measured reliably. 11 11 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that 11 expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation 11 can be measured rcliably. Expenditure is accounted for on an accruals basis and has been classified under headings that 11 aggregate all cost related to the category. Where costs cannot be directlv attributed to particular headings they hai'e been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued 11 11 as expenditure. Taxation The charity is exempt from t&x on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes Ivithin the objects of the charily. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. FurtheF explanation of the nature and PUFpose of each is included the notes to the financial statements. INVESTMENr INCOME 2025 2024 Dividends Interest receivable 61158 58772 63158 58773 TRUSTEES, REMUNERATION AND BENEFrrs Thcre Ivere no trustees, remuneration or other benefits for the year ended 31 March 2025. Trustees, expenses Thcre were no truslees, expenses paid for the year ended 31 March 2025. Page 5
GERRARDAND AUDREY COUCH CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- CONllNUED FOR THE YE.4R ENDED 31 K4RCH 2025 FIXED ASSET INVESTMENTS Listed Investments MARKET VALUI At l April 2024 Additions Disposals Revaluations 2040C)13 (2580) (7120) 2030913 At 31 March 2025 NET BOOKVALUE 31 March 2025 2030913 Fixed asset investweiits caii bc catcgorised as folloivs: 2030913 (hrerseas 2030913 CREDITORS: Amouwfs FALLING DUE WITHIN ONE YEAR 2025 2024 Accrued expcnses 1129 2463 MOVEMENf IN FUNDS Net movement ill fundts L 01.04.20£4 Ai Jl.OJ.2v25 Unrestricted funds Gencral fwid 2070780 10949 2081729 TOT.4L FUNDS ?070780 IOQ49 ?0817?Q Nct movement in funds, included in the above are as folloivs: Incomiiig resources Resourccs expended Gains and losses Movement in funds Unrestricted funds Gcncnl fund 84555 (66486) (7120) 10949 RELATED PARTY EXPOSURES Duriiig the ycar, Aaron & Partsicrs LLP invoice the Trust £8,183 for legal and professional seryices. Tlie Trustce, C Poiiiton, is a partsicr of Aaron & Parthers LLP. Page 6
GERRARD AND AUDREY COUCH CHARrrABLE TRUST STATEMEKf OF FtNANCIALAcrivrrIES FOR THE yE.ENDED 3] RCH 2025 2025 2024 INCOME AND ENDOWMENrs lllvestment income 63J58 58773 Interest e1Vable Donations Other income 11800 9597 250 Total incoming resources 84555 59023 EXPEhU)rruRE Charitable activities Grants to institutions 45053 32500 Support costs Other Accountancy fees IKoal alld pro£essiollal fees Investment management fees Sunthies 1128 9820 10244 241 1104 1(1624 9319 21433 21047 Total resources expended 66486 53547 Net income/(expenditure) before gains and losses 18069 5476 Realised recognised gains and losses Gal1.(ja.qsesj on ievaluation.8 and disp(LsaLs nf iDve.stment &isets ( .7120) 19172] Net income/(expenditure) 10949 197197 11 This page does not forni part of the stattilory fmancial statements Page 7