The Graham and Diane Smith Charitable Trust
Registered No. 1115178
The Trustees, report for the twelve months ending 05.04.2024
l The Trustees who served for the whole period were:_
Graham Smith, Diane Smith, Mark Graham Anthony Smith
2 Advisers
Solicitors
Ward Hardaway
5 Wellington Place
Leeds
LSI 4AP
Bank
Virgin Money
Waver Green
Pudsey
LS87 7BG
Accountants
Brosnans
Aireside House
Royd Ing Avenue
Keighley
BD214BZ
Stockbroker
Charles Stanley & Co
25 Luke Street
London
EC2A 4AR
contd.
3 Structure. Governance and Management
The Charity constituted as a Trust and is governed by a trust deed dated
27.12.05
Objectives a nd Activities
The Trustees continue to try and identify charities and not for profit
organisations which have a sensible business plan, that with initial
funding from the Trust, will enable the recipient organisation to become
self-sustaining from recurring trading revenues. A number of projects
have been appraised during the last twelve months but none have met
our key criteria for funding.
The model that the charity supports has been successfully adopted by
Ilkley Community Enterprise and the Yeadon Town Hall Management
Company. Both these organisations now generate an annual surplus from
their trading activities which enables them to fund and develop their
charitable objectives going f orward without continual recourse to
uncertain annual funding applications.
The Trustees continue to look out for other charitable and not for profit
organisations that with support from the Trust can develop in the same
way.
5 Reserves
The charity intends to maintain sufficient
reserves to Eenerate a regularinvestment income in excess of
£30,000 per annum.
contd...
6 Financial Information
In the year to April 2024 the charity made a loss of £18,708
compared to the previous year's surplus of £106,626. The loss was
due to losses on the quoted investment portfolio based on
market values at the year end. Based on current market values at the
end of July the quoted investment portfolio is currently worth over
£50,000 than the value recorded at the April 2024 year end.
7 The trustees declare that they have approved the Trustees,
Annual Report as set out above.
GRAHAM SMITH
DIANE SMITH
TRUSTEE
TRUSTEE
I g. LF
DATED......
## **GRAHAM & DIANE SMITH CHARITABLE TRUST YEAR ENDED 5 APRIL 2024 STATEMENT OF FINANCIAL ACTIVITIES**
|**Incoming resources**
HMRC Gift Aid
Dividends received
Interest received
Surplus on rental income
**Total incoming resources**
**Resources expended**
Charitable donations
Support & governance costs
Cost of managing unquoted investments
**Total resources expended**
**Net incoming resources**
**Realised gain on properties**
**Realied (losses) on quoted investments**
**Unrealised gains/(losses) on**
**quoted investments**
**Loan provision**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**2024**
**2023**
**£**
**£**
-
11,012
29,679
16,739
1,229
853
10,471
864|
|---|---|
||41,379
29,468|
||27,500
3,000
739
2,138
-
16,216|
||28,239
21,353|
||13,140
8,114
-
96,757
(20,185)
(4,375)
(11,663)
6,130
-
-|
||(18,708)
106,626
1,165,761
1,059,135|
||1,147,053
1,165,761|
## **GRAHAM & DIANE SMITH CHARITABLE TRUST YEAR ENDED 5 APRIL 2024 BALANCE SHEET**
|**Fixed assets**
Freehold property
Quoted investments
Unquoted investments
Loans net of provisions
**Current assets**
Current account
Cash held by investment managers
Income Tax recoverable
**Creditors**
Loan from Trustee
Accruals
**Net current assets**
**Net assets**
**Represented by**
**Unrestricted funds**|**£**
70,475
920
-|**2024**
**£**
**£**
329,248
577,525
1,086,239
190,200
2,183,212
36,712
1,308
39,006
77,026
(1,102,454)
(5,100)
(1,036,159)
1,147,053
1,147,053|**2023**
**£**
329,248
580,602
1,086,239
200,200|
|---|---|---|---|
||||2,196,289
(1,030,528)|
||71,396
(1,102,454)
(5,100)|||
|||||
||||1,165,761|
|||||
||||1,165,761|
Approved by the trustees on 24 July 2024 and signed on their behalf by
## **G Smith**
## **Mrs D Smith**
## **The Graham & Diane Smith Charitable Trust**
## **Independent Examiners’ Report For the year ended 5 April 2024**
I report to the Trustees on the Accounts of the Graham & Diane Smith Charitable Trust for the year ended 5 April 2024.
## **Responsibilities and basis of report**
As the Trust’s Trustees you are responsible for the preparation of the Accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Basis of Independent Examiner's Report**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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.
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.
## **Malcolm V Walker B Mus FCA**
Brosnans Limited Chartered Accountants Aireside House Royd Ings Avenue Keighley BD21 4BZ 24 July 2024