REGISTERED CHARITY NUMBER: 1115178
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
FOR
GRAHAM & DIANE SMITH CHARITABLE TRUST
Syers McGill 9 Kerry Street Horsforth Leeds West Yorkshire LS18 4AW
GRAHAM & DIANE SMITH CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
GRAHAM & DIANE SMITH CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
The Trustees continue to try and identify charities and not for profit organisations which have sustainable business plans which will enable the recipient organisation to become predominantly self-sustaining from recurring revenues.
ACHIEVEMENTS AND PERFORMANCE
During the year one local organisation was identified although funding of £125,000 was only advanced after the year end of the charity. The organisation that was funded was a community benefit society called Friends of Wesley Otley Ltd which in October 2025 acquired an ex Methodist Chapel in Otley with a view to converting it into a multi-purpose community hub providing space for small businesses, community organisations and a wide range of leisure activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1115178
Principal address
117 Curly Hill Ilkley LS29 0DT
Trustees
G Smith Mrs D Smith M G Smith
Independent Examiner
Syers McGill 9 Kerry Street Horsforth Leeds West Yorkshire LS18 4AW
Approved by order of the board of trustees on 9 January 2026 and signed on its behalf by:
Graham Smith
Graham Smith (Jan 9, 2026 14:01:55 GMT)
G Smith - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRAHAM & DIANE SMITH CHARITABLE TRUST
Independent examiner's report to the trustees of Graham & Diane Smith Charitable Trust
I report to the charity trustees on my examination of the accounts of Graham & Diane Smith Charitable Trust (the Trust) for the year ended 5 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust 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 applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the 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 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.
Daniel Syers ACA The Institute of Chartered Accountants in England and Wales
Syers McGill 9 Kerry Street Horsforth Leeds West Yorkshire LS18 4AW
9 January 2026
Page 2
GRAHAM & DIANE SMITH CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Other Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
5.4.25 Unrestricted fund £ 50,760 8,779 (29,680) 12,301 1,147,053 1,159,354 |
5.4.24 Total funds £ 41,379 28,239 (31,848) (18,708) 1,165,761 1,147,053 |
|---|---|---|
The notes form part of these financial statements
Page 3
GRAHAM & DIANE SMITH CHARITABLE TRUST
BALANCE SHEET
5 APRIL 2025
| Notes FIXED ASSETS Tangible assets 5 Investments Investments 6 Social investments 7 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
5.4.25 Unrestricted fund £ 329,248 1,668,257 185,000 2,182,505 82,741 (1,105,892) (1,023,151) 1,159,354 1,159,354 1,159,354 1,159,354 |
5.4.24 Total funds £ 329,248 1,663,764 190,200 2,183,212 71,395 (1,107,554) (1,036,159) 1,147,053 1,147,053 1,147,053 1,147,053 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 January 2026 and were signed on its behalf by:
Graham Smith
Graham Smith (Jan 9, 2026 14:01:55 GMT)
G Smith - Trustee
The notes form part of these financial statements
Page 4
GRAHAM & DIANE SMITH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax 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 within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Rents received Other fixed asset invest - FII Deposit account interest |
5.4.25 £ 17,402 31,290 2,068 50,760 |
5.4.24 £ 10,471 29,679 1,229 |
|---|---|---|
| 41,379 |
Page 5
continued...
GRAHAM & DIANE SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Other Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 6 April 2024 and 5 April 2025 NET BOOK VALUE At 5 April 2025 At 5 April 2024 |
Unrestricted fund £ 41,379 28,239 (31,848) (18,708) 1,165,761 1,147,053 Freehold property £ 329,248 329,248 329,248 |
|---|---|
Page 6
continued...
GRAHAM & DIANE SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
| 6. FIXED ASSET INVESTMENTS Listed investments £ MARKET VALUE At 6 April 2024 577,525 Additions 4,493 At 5 April 2025 582,018 NET BOOK VALUE At 5 April 2025 582,018 At 5 April 2024 577,525 There were no investment assets outside the UK. 7. SOCIAL INVESTMENTS MARKET VALUE At 6 April 2024 Repayments in year At 5 April 2025 NET BOOK VALUE At 5 April 2025 At 5 April 2024 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans |
Unlisted investments £ 1,086,239 - 1,086,239 1,086,239 1,086,239 5.4.25 £ 1,105,892 5.4.25 £ 1,104,992 |
Totals £ 1,663,764 4,493 1,668,257 1,668,257 1,663,764 Loans £ 190,200 (5,200) 185,000 185,000 190,200 5.4.24 £ 1,107,554 5.4.24 £ 1,102,454 |
|
|---|---|---|---|
continued...
Page 7
GRAHAM & DIANE SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
10. MOVEMENT IN FUNDS
| At 6.4.24 £ Unrestricted funds General fund 1,147,053 TOTAL FUNDS 1,147,053 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 50,760 (8,779) TOTAL FUNDS 50,760 (8,779) Comparatives for movement in funds At 6.4.23 £ Unrestricted funds General fund 1,165,761 TOTAL FUNDS 1,165,761 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 41,379 (28,239) TOTAL FUNDS 41,379 (28,239) |
Net movement in funds £ 12,301 12,301 Gains and losses £ (29,680) (29,680) Net movement in funds £ (18,708) (18,708) Gains and losses £ (31,848) (31,848) |
At 5.4.25 £ 1,159,354 1,159,354 Movement in funds £ 12,301 12,301 At 5.4.24 £ 1,147,053 1,147,053 Movement in funds £ (18,708) (18,708) |
|---|---|---|
continued...
Page 8
GRAHAM & DIANE SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 6.4.23 £ 1,165,761 1,165,761 |
Net movement in funds £ (6,407) (6,407) |
At 5.4.25 £ 1,159,354 |
|---|---|---|---|
| 1,159,354 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 92,139 | (37,018) | (61,528) | (6,407) |
| TOTAL FUNDS | 92,139 | (37,018) | (61,528) | (6,407) |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
Page 9
GRAHAM & DIANE SMITH CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| 5.4.25 | 5.4.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Rents received | 17,402 | 10,471 |
| Other fixed asset invest - FII | 31,290 | 29,679 |
| Deposit account interest | 2,068 | 1,229 |
| 50,760 | 41,379 | |
| Total incoming resources | 50,760 | 41,379 |
| EXPENDITURE | ||
| Support costs | ||
| Governance costs | ||
| Charitable Donations | 6,589 | 27,500 |
| Support and governance costs | 2,190 | 739 |
| 8,779 | 28,239 | |
| Total resources expended | 8,779 | 28,239 |
| Net income before gains and losses | 41,981 | 13,140 |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset investments | (2,882) | (20,185) |
| Net income/(expenditure) | 39,099 | (7,045) |
This page does not form part of the statutory financial statements
Page 10
GRA 01-Charities report - 2025
Final Audit Report
2026-01-09
Created: 2026-01-09 By: Daniel Syers (dan@syersmcgill.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAoQJ50yWJ1pFT0yU5Jf9ROL8-ao1wtaLf
"GRA 01-Charities report - 2025" History
Document created by Daniel Syers (dan@syersmcgill.co.uk)
2026-01-09 - 10:59:47 AM GMT
Document emailed to Graham Smith (graham.smith34@btinternet.com) for signature
2026-01-09 - 10:59:50 AM GMT
Email viewed by Graham Smith (graham.smith34@btinternet.com) 2026-01-09 - 2:00:47 PM GMT
Document e-signed by Graham Smith (graham.smith34@btinternet.com) Signature Date: 2026-01-09 - 2:01:55 PM GMT - Time Source: server
Agreement completed.
2026-01-09 - 2:01:55 PM GMT