The Davld Glbbon8 Foundatlon
Unaudlted Financlal Statements
31 March 2021
TH
S WESTCOTT
Chartered accountants
26-28 Southemhay East
Exeter
Devon
EX1 1NS

The Davld Glbbons Foundatton
Year ended 31 March 2021
Pag•
Trusteès. annual report
Indep8ndent examinetrs re￿ ￿ thè tiustees
ststemem of finandal a(*vlii
Statgment of fman¢ial poslth)n
Notes to the linanclai ststemerrts

The Davld Glbbons Foundatlon
Trust••8' Anwal Roport
Year ended 31 Mftrch 21Y21
The trustees w858rt the￿ rwl the Lmaudited firwKiRI *aten*rt8 Ot Ihg dwrity tor lh8 y•ar
¢rMJed 31 March 2021.
Chwlty rAThb•r 1134r27
24 Ph￿p ANvr
8arrrfl
DevL
EX31
Joh7 Fiar*kn (Chawl
Lk Alth J￿r￿r
Profess￿ Chrwj lfjr¥J CBE DL
Mrs EIiz8b8th Leo
Clfv¢
26.28 S￿}1￿9￿r￿aY Ea#
Exet
EX1 INS

The David Glbbons Foundatlon
Tru¥tws' Annual R•port{ro￿
Yoar onded 31 MaTch W21
The 0tr4'eclives aTrJ funthng lor Ihe ¢JarSty c(*no frrmn Iht Wil ol Erwl GiLton8. who (bed on
the 20 Fetnjary 20CQ. ••t*l*hm¢rtof the Charity ￿ its 9Fth1￿.
The rDalTr tl)ith8 oftr* Chwty aT8 10 womote tt￿w￿ar• arxl ¢*..
1. Pe0¢ ¥ufferhyJ from sic*TreB8 or d*at4Tty'
2. P•otA8 5ufknlro fmm finarti& hard5h*i', aThl
3. The ewy.,
County cl lknlm Iwllh E8* Dovrm h•￿Tr) in ￿Y maMerth• TftJ9te&g may deodti.
yo&r ts TILMtew haN* hod ragard to tho Lwugd ty Ib8 Char(¢y Commi$iion on
wblic t*ndt.
Chafty haB b•8n fvly wmplant GOPR aTh1 11 rthani Charty COMM￿lOn Gutyaa￿e on
GovernarKg. Due lo Corortavtru8 re8tricbons m•etrThJs leA th• repyikng year h*0 bean ¢•JThJu¢tsd
eCtron￿￿ty. Thi9 has be•n a th￿l•r0￿rq pwod, ard w& are wai•lul to gJr Tru8t manaw, Calhy
￿(A￿l0￿. for her •xwb*• arnl *lll$ Tru8kn through Ihii.
A new Saleouar(Sing Polky was at th¢ ek**Dnt Thating hd¢J on 28th A￿12020. pol
80 cover8 Trltytso vksN8 to 8Ffdkants or reo¥Fi8nls, arvj a Code of for Trusteès.
A poI￿Y rngar¢iw Temls aNJ Cor¥Slkr• on th8 of grants ty wvienta. was drafted
di8QJB50d by TILstee5. Th1$ i• ncw itKorrmtw inlo tr￿.0￿1n0' *￿ty)n Icm)s and wot*ts.
BDth Fl)￿￿•$ *y• ¢knin ￿ aNS wth Ihe he￿ ol SolidKfs. Bro￿6 J*¢(kn8on.
The Tw6t￿$ arè d￿￿htsd Ihai ￿ltIM gratts dat8b088 Mart* 20a) gyeater
aflkn'e￿66 in thme lor Ihe TnJJ*ts kn Ihelr wepwth.on ID[ meetirg5, Ihe Trusi klanagor. and for IhD59
M￿ng 8k¥ArAlion3. The Tr￿1888 arg th'8 movg to 8 weth)minanUy
paperkss &yst•m redu¢•d oftt• and gpplunl8' papw cx)nwmMipn. This data￿e ¥ vwned by
the si81W Ctraifty, &"bbJrffj Tru¥t, arKI haH of the ￿￿ul1 dwy6 Ih•re
from The Da￿ Gib￿￿￿ FwTr*qth)n.
h￿trU"0n￿ lolh)wlThJ r9¢0iPts ¢X gran1#. During Ihe WUT$8 ol Ihg yèaf vAlh the h* ol tho new
(laiaba6e, V)* Charty h81 streamIl￿d its of procedlm, Ihe re4u¥•m8rrt
lor ben#t￿￿ar￿ to r8PJt back.
To reflect th¢ swStth to onbne ￿¢*1)r$ 2020: 8mvJ the P8ndorric whw online u8é
has I￿reaSed s￿nIt￿3rrt1y. Ihe TDJstses afo p*as&l to l*¥e cornmiwntrj a nvw ￿b$ll8,
htVJlgt*orAtwst$.org.uW. Thtss rncdem ano Wof•8Skn￿ wst6rte técarnp '1￿8 in November 20a).
rn￿n9 ft eaS￿r to undwstatKI wuirements for appiyiThJ. For the Irsl time pholos of Vera aré David
GibLws have teeTr UDloaded. The cost of ts r*w wet6ile ¥As eXtre￿ty reasonab￿ * under £4W,
and the Trustw8 exlerKJ Ih8ir lh￿kS 10 Emma Lg Pcithn, Gvarts A(knini6tratrJr lor Ih? Nryman
Famlty Charbiat4e T￿￿￿t, *Jr herexwbuo

The Davld GIbbO￿ Foundatlon
Trustees. Annual ReportftM•
Y•ar ended 31 March 2￿27
The CknaTity do&4 not have 8 8pw"IK grant Fdiy in other Ihan to fdkyw Ihe criteria sl4?ulated in
th• Tr￿t Oee(J. The TnJs10e5 CLKitinue kn be W￿￿arrt in their 8Fvoaeh to ryant-makiThJ. r8se8rchtiiG
ch8r*tseo Dn the Cha￿ty Commis¥on websile, haviig gght ol ArmEnls lor all organ￿alon$, and
acc4pitrKJ appleab.o￿ tr0ft7 with r8fèr8rw. Pdries sur1ound￿9 th8 payment of
grents are reoulavly re¥￿e￿. to ty lo minimise th8 risk of frautl. Gr￿1 payrnert5 ara Pdlj by BACS
latter havlw siohl ol barth k*ntiffcabonl. For war4$ award￿1 to ¥K6wMJual aWicants BACS
payrnents ar* proce888d an (*gatsaikn I d)*tty I St￿Ce wovltter, dyrlaenl ￿ th8 ThOtw8 01
the awkatkm.
For many years the Charly h85 r8rrt&4 olftce space trom Ihe NornNn Faffl￿ Charfiatle Trust, 8nd
CQ8t of thb was splrt sis¢er eh&rity. Howv4w. kn lo Ihe ol Co¥￿￿.1$ 8nd th&
switch to remote wffjrknng, from 30th June 2021 thg r￿t￿ kna8q 1*5 tean ralwuish&d. Al Charity
work wlll now b& caFri8d out fffjm t￿ hL*ne8 01 thè Trusi Man￿r 4rLI th¢ TrUsIe￿ loi the
IN8e¢e￿9 lutur8. Thk8 *411 save the ch￿'ty rentd ojsls c•Tr lh￿ h us•J lo 8pplkants.
Th• Twslges conJrxJ8 to meet quarterty Ihe year w a￿9$ toth Ih• or•)t BF*k81'on$ and
off5ce rnatt?rs. behyeon th• T￿￿10￿ Ihe Trust Manager emall i8
Iraquonl. at least woekjy.
The Trvs*o$ eontinu? lo t• ?xw8mty grat•hd kn their T￿1 M¥nager. Cthy tor hpr
thOro￿h of1kh￿l marqgomaffl ￿ mry aupgra ol tho CWB atta(r•.
The Truslaes 8re fyjt remurern￿I tArt Can daim r•awrth travd expwBe$ lo thnd a Tru8te¥g'
rr¢8tino cx in the cour88 ol hls or hof dul*S. ThiB benefft haj been t￿8 ol
Ihis report.
No char¥J88 10 th? Tnxl••8 hov• ikn tl1• yw Iho maktrup ol Tw*tts r•malnkng 4$ 01
31st Klwch aJ20.
No changes In manag¢m?rt ol •ith•i Chailty ha8 tak￿ Lasl y*0 rem irKkated pc•
man898rW ¢harw bul Iha afo rw has notbeon wulr•d.
In Ihe per￿ airsr tht yw eTrJ. tho TnAte88 hav• iak¢fft Ihe dgisK)n to attemk% to amakJamal• tho
resory88 01 tho charfly VAIII IIK*• ol The F8mity Tru¥1 ltharty rnmber 29)8841 In crfdol to
form a rmy Chafftatle bn￿￿￿?rat•J Oryth6atlorb. At the ol wrAwy, Tru6tèeB have aFOn18d
a¢ to agS$t Wrfh thkq and *lH be •thrvJ to thfr ¢hartt* ComrrthNJn for
p•im&*won lo undwlake ilw60 acik)n8.
Dunno this linaFthI year th8 Tnjaew have rA)nlin￿J lo dlslthle th• m&ximurn kb)Jne 8vailabb.
£108,2101£127,S10 I￿t y&Lrl was awath by way of 78 or8rA*198 L95t yoarl.
Of thia £19,e92 remainud In Ea4t 0•￿, in koopu)g ￿th th• TrL*t 0￿￿8 gmrkn8sk% In thi9 area.
£fO.473 1£18.8891 was gl￿fi io mo￿Ual$ IhroLwJh 18 g￿nIs128 W ygarl. A lull Ibt ol the oraN6
made to organisath￿9 IB avalwe aFPer￿1X b thew accounts. The lafoest uyanl made w&J r
Budloigh in Nwl, £5,1)00 th JaryJary 2021, for thoir orwiro ￿Ik 8Ly¥Jth9 kx41 I￿￿*18
Afleu8d by Ihv
The averaoe &ze orant to L¥uar¥BatKXX £l.829 and 1ndp1h￿￿lB QS￿.
Th8 Trus18e6 now Ihat the ol ￿¢8￿ d8u•awJ s*Jificarty. from 113 to 78.
Pandeffl￿ h88 n*ani many 01 the wular aFWants are iryrarity un&le to Work a8
nomd. or IlRt WSViQUs grarts awarded havo h•SY ov•r unhi Bervkx8 ¢an reswne and tsofo
rwat a￿￿tiorS have not t*en
11 Is wlh unmen69 rw 2010 t1,186.429 has glft&J kn 869 grart8.

The David Glbbons FourKlatlon
Trusteos. Annual R•port (L¥
Year end•d 31 Mwch 2021
Fkn•n¢l81
A8 r8P)rt•Y la81 y98r. ￿ Atyil a)19 the Trus*e8 a mièw of the inw8slmei)Is and took a
make 8WWrarrt tharo8& DSF £998,930 frcffj Chartes &enl&y, dcéing the
aceount. Th8str fvThYs were transfer￿# lo CCLA Mar￿ement Lrf lo atheve a larpt of funth wilhln
CCIA at eo% ElhKd Fund 8nd 4(r% Prcyerty Furnl. The to chawe *&8 gal¥anfy&J ty Ihe
ntniur¥J hbaher yieKts from CCLA * b￿1 ost ot Charl85 Ihèreby hopir•J to I￿re
functs a¥wlabPd for grants.
Thè Trustees on ryJrtinLoJ ￿1$￿¢￿ of Itrwe dww. the Fwfomw
¢Jesprta the In Ihe finsrKial rna￿￿. In p￿￿Lar, dthouoh th? CCL4 FYop8rty FuTrY
I¥￿eThY& havo ¢8i¥ewJ tyer rA4t year by apWoXkn￿0iY 2￿￿, ￿ Tn>61frss ar8 tD note
the rKrease in Eth￿ dMdernl$. •0gMi*tl* bethyrcp oFthe Pathmt.
ThoTOfryo th• Chwty rgpots #n [r￿￿)me durkng the yaar of £118,974 (£134,340 fo.. y•af
31103R0201 availablo lor grorts, aft•r fry olfK¥ ¢o*s.
On 3181 Mwch 2CQ1 tho luThJ% w•r• *.? CCLA Elhul Fu))J £2,099.283 Itl,747,e64 at
9110S20201 and th8 CCLA p￿p￿¥ Fund £1,￿￿,444 1£1232,678 at 31K<Y*201. Th8 rw8ry of
the inv8Jtm8rt marketg durirKJ the ￿ure9 ol thL8 year rel￿1•d kn a 89n￿nt un￿￿tsed Galn In th
accwrts of £324,1e&
A# alway8, the Ch9rty tri08 to kogp co8ts frcm Urrntrthd Funds ¥ 8nMII a6 poskible,
maximigirvJ Intr)m CON￿¢6 10 be the flrwKW prknty. OtIK* ¢rAts amourrt•d
to £12.870 (£12,479 in 311cor2oa>i. This 10.8% of InDJm•. r•kng th• of
manap8m8nt and offic• pthy.
The B￿arte Sh••i thu￿0￿8 •gth yw, io in
ve8trnent6 relalir¥J 10 the Corowrtx frullees the vdue of the Bdanc• knet at
31 Bt Marth 2CQI wa8, hO￿ver, $hghty hther 81£3.336.U15 It3.013.956 at 3110th)201,
A rfgk ossesgrnni Ih•To•l••i and corhb'rwei to b• amu￿ly.
In Ihe Unr8sIriLxed Fund Ihg TrLB*•8 cwate a'zwo thl ￿., 8kn019 K> spand eKh y8wr dl the
Ir￿C￿e availat48 to Ihem liom Inv•sIm￿t$ laft¢rAlI￿￿ry foi rrinimal ollke expe￿•1.
It is not th• Int•nthJn ol tho TruBt•08 10 bubJ up Unreatr￿j oJrr8nt suwus of £31.321
In lh8 accounts ha8 been t￿L￿h yoars 91 $mAII guWu8es, due to acccunts
Vthiknl a afflall i• rn•irt2in•d in thè
current at ￿ch Ihe T￿￿009 aV￿cate to as muth a6 the c28h ￿anCe will
allpw lor. Thwe ¥¢ M Other linanci¥ cornmitmths on thii FLnxI th81 reOffj a certain level ol
r68er¥es to té
Accordino to Ihe of DavKI Gibtms, Ihe Perm8n*)t EThknvnn8fi1 Fund caTr[￿ bo speni by the
T￿$￿e$. This Fund 8¥i*S ¢0 p￿at¢ Irt¥eslfflert Ir￿￿. whlth * trgated as Unr?51rict￿.
At Iho 31st March 2021 bthop on this frrtl was ￿.￿,694 [£2,￿.529 8t 31rn3Row. aN1
£3,I3Q,237 at 31103r2019)
The TTwees VAI eenknnue to rTry&or c4)sety dl afvj values.
Th8 Truslees have ¢)ywd8r•J a Tolal R8tum P£1￿ year5 e40 IOT this Charhy. bul dij
it gppr¢J5ylale at Ihat bme. Thi6 ￿ b8 agwn in duo cw188.

The Davld Glbbons Foundatlo
TwstaO8' Annual Report (Combw
Year ended 31 March 2021
The Yru5tees res￿$￿￿ for pryiro the trusiee< rgrth and the fina￿la1 st*m•nts In
accordarK8 aThl UNbJ ALV￿n￿r9 Slgrlknds KirYJdom
G8reralty Acwkny Ac&tyntirKJ Pf&itel.
The t¢* chArfllos is) ET¥Jlarnl and Wales r8qu¥•6 the ehartty tnastéés to wepar¢ finartvl
slatements for year w*ith w• a true and latr vlew of tho Stats of att￿r$ of thè eharity of th8
kV￿MIr￿4 r¢KJuvc8s aFpItsty)n ol of thetharty f¢r that
so*t wilabl8 arKI or4Yy thom ccwwgrty;
m*• ludomgnts 9stim819s Ihaiwe reu￿aLle atsj WLKl8nt;
8pare lh• firorKa818tstsmèrts ¢￿ tho c(¥rrem baslts Un￿86 It * lrwwo￿1A1a 10
thai the ehuity *TII continue In IxoiMBts.
Th& Truslo88 afe respMit40 forkyyrrfJ adoquat• rttNd$ that BUtlici•tt 10 81*)w afyj
8xFlain th8 charttys tran8ad.oro with r¢sW8b￿ a¢oJracy at aty ttme the finanGlal
$lllon cl Ihe eh&rfty aTrJ en*Ao tl*m ts an6ure Ihat tho fhwKI@1 Swi￿ents I￿1h the
Charithx Act 2011. the Ctsrli￿s Ikrojnts aNI ReFWtsI aré th8 provi$lms ol
Iho Trust Deed. arn a180 reyinJty¢ lor MleguaytliTrJ the 488•t8 of ￿ tharity atsj hanco for
taklry r•asonabkn 8ty for anLI del￿rt ol fra￿1 arrtl other IrregulNrfts•.
j?[1111
arrfl 4gr￿d M b•half ol the Ixwd
Tru8ts88 by.
Dr John Fi
Trust89

The Davld Glbbons Foundatlon
Indepond•nt Examlnerfs Report lo th• Tw8tO98 Ot Th• Davld Glbbong
Foundatton
Yoar endod 31 March 2021
I rep￿ lo Ihe TrU￿ee3 on my examinattw of the finHnc4d 8tateThrts of Thè DavKI Gilknr
FLMJndafic• lllhe charilll lorthe yeRr 0ThI8d 31 Uar¢h >J21.
A•qpon•lblllll•• and b•dJ tyt rlport
As thè Tru8tO95 ol Ihe thity yeu are reEPW8** for the of tho ￿)ments In
￿￿Ord￿KO wth tho ol Charilw kl 2011 Its l¢n.
I f8P)rt n r8wi of rrty 9xam￿￿1￿ of lfi•chari￿ finarrial *at•manta LxrrW out und8r serthn 145
ol th8 2011 Acl #nd In caryirNJ oth my ttxathnaih￿ I havg tdhjw￿I all Ihe a￿￿￿at48 D￿r￿t￿an$ g￿en
th• Charty Clammb￿ 80Ctb)n 14515llb} cltheA
I hav• ¢0M￿810￿ my examinalion. I th4t rK• m*￿al matters hav# corr¢ to my att•nI1￿ In
rJJnn&Mn wllh oxamknath?n gF•iryJ ¢au80 to beliove that in Arry rn8ttr￿ r88P8Ct:
acccuriw rw)rd8 ¥Mr• in rnsp￿ of th• ehrty ￿ wuwed * s•cUon 1& 011h•
finandal ¥t*m•rf8 (b) rneuds.,
th8 ffnarKwl 8ta18m8rts dts not Corn￿ wlh the grylcatdo rnwlromm ￿¢•Al￿
f¢m ol a¢c4unb ¥*t wl in the chari1￿$ IAKounts aTrJ Rety)rlsl Rewlalion8
2[118 othgr than ony rnquirem¢nt that the accoun18 wve 4 ￿Ve 8nd larf %thich is not
rnattw tyjnthered aB Pgrt of an Ir¢vndwrt 8x8minatitr).
I havo w cfjnwn5 8TrJ ha￿ ccfft amb rK¢ other mattw¥ in th• ex8rninaJDn to
whkh attenIN￿ t• In th18 rwl In ordw a wopor uTrS8rstt￿lIr& ol thg
a¢¢ourts to tso r•xh•J.
Shona Gr￿81rDY FCCA
ITKlepwdert Exarrimr
26.28 SwthgrnnAy EaBI
Exeter
EX1 INS
L￿t ao& i

The David Gibbons Foundallon
Statem•nt of Flnonclal A¢tM1189
Yoftr ondod 31 March 2021
luThJs Totsl funth Told lur
Imiestmeni irK¥Jme
118.974
118.974
134,340
134.340
118.974
118,974
Eyndltur•
Exwdthre on tharttabkry athl*s
To*1 expondiiur•
I121.￿)
1121,0*)1
1121,0801 1139,9891
1121,0801 1139,9891
Nat gdtWlk)BBg91 ¢Jn 1rNoBkn￿ts
324.185
824,185
1148,8981
Ineom•ll•xp•nJtt•rnl and net
MOV￿•nI In luThl•
324.185
1154.3451
Raogndll•Uon of Ipjr
Total fund5 brought foward
T¢x•I lund• wrknd fonv•rd
33.W27 2.W.529 3M13.956
31W1 3W4,694
3J36.015
3,168.301
3,013.956
Tl* •lat•W￿￿t ol lIr￿Id￿ itsSules dl r•>4riMd In Iha year.

The D8vld Glbbon8 Foundaiion
Statsment ol Flnanclal Poahlon
31 March 2021
Investrnents
13 3.304.707 2.960.542
Gaeh at barth and in haTrJ
37.79)
Cr•thtor•: ll￿￿￿• l•lllng f*lthln orn y•w
14
4,346
31.308
33,414
3,338.01$
3,013,958
3,S36,015 1013,956
Totsl au•t• ￿riN•t Il•bMtI••
Fund• ol th• ¢h•rlty
E￿oWment fuThYB
unrnstr￿ed lund
3a04,694 1980,529
31.321
33.427
Tot•1 ¢h•ihy lund•
15 3,336,015
3.013,956
I. an¢bd swernn18 apyov•J t•)aryl of Tnryttsi arKI authryM•J lor i8Wg on
and ar¢ s¥Jn8d on beh￿1 of the bowd *'.
DrJthn (ch￿r)
Trus*e
Or Ckn NK•£h

Tho Davld Glbbons Foundatlon
Notes to the FIn0￿￿] Slatem•nts
Yoar ended 31 VAr¢h 2021
The chty is ? tendrt entity arKI a wsteswj in ￿and aTrJ Wl¢5 and 18
unirujrrmted. Tho aLbJr65s c4 the wirKipal ofke ￿ 24 Phi￿) A¥8nw, Bamsw, Devon, EX31
3Aa.
S1•t•n￿l ol coryill•n¢•
These lknanciAI st￿￿mentS been wepar&J In *lth FRS 102, Th• Financial
RewrtiNJ &andard the UK a￿1 ts RepLt4r of Ir8W. Statement of
Prxtict appl￿9 bj thwii*s FY8pathg theLr In a￿rdance wlth the
Final￿1￿ stafyJariJ app￿&b￿ n the UK and Re￿iC of IroJ8TrJ IFRS 1021 ICharltl88
SOBP IFRS 10211 and the Chantie8 Plt 3)1 i.
& A¢cwntro polW••
fInarK1￿ stalemeN8 have woparbs the cost bas$, a6 ￿difIed by the
reV￿uatIon of wlaln Iln&￿*ti1 Ilabuhkns arbj irNestmoni wop8f11&8 m•asured at I￿r
V8hJe thr￿￿ Ir￿%1￿￿ u gxpgrthtw•.
fin￿d￿ *41grnwts w• (¥4)¥ed kn si•rfivd, wNch il the lurKlb)r41 cwrw ot th• efttrty.
Golng conewn
There aro no mai•ri¥l th•i*aWs abilty to Co￿Tr￿.
DI￿191￿r••%•￿￿
Ih• eharity has l•kon ath8ri8g8 ofth¥ kn FRS102 Imm Ih• r•w*L￿ont topr&kn•
cathlbJ* ￿8￿m8￿1 beeaLt9• it18 asm￿1 chwty.
The kYeFdraticffl of th• hnantsal &W•m•nts wir•s mana￿[r￿n? lo rnak8 ILKlggmgnl$,
•Sllmatss aasumptiort th&t aft￿1 the amouftts rewrt8d. Tha8• •stirn*•6 th1 judpmtnts
are cortiThJally revN*Ya(l aNI are bag&I en experiw¢¢ and gthw laclor6, exr￿￿tionS
01 lulur& 8VWl$ tst we bolw•J tobo urth tho dr¢um4aw.
Pund •KouTrllng
Unr8BtnctsJ funth are ¢S)nthrd arKI (thor or 08n•rat•d lor tha
objects of the charty *ithoul furlh8r wif¢ sxjryw whKh th• tharity m8y ￿ lor it#
purpJ8e at its
Pèrmarent thK1owiient fur¥JB are r•lw"rn¢ intant arnl rnv8t noi O• S￿nI •xc8PI Ly way ol
inveslrr*ni management loès w geMra* wiwme fw T￿ incuno trom thls

The Davld Glbbons Foundaiion
Notes to ts Flnanclal Slatom8iitsiw•Y*4
Year Mded 31 March 21Y21
J in¢4miThJ 168wr￿s ar• ixknleAI in th• $laieThrt ol r£twtii8s when lh¢ efarity ig
ontEI8d tD t￿• inoTh aM￿rt cen ba quarthf*d *ryth feawnablg &)xwacy. Tr l(Akthnp
specific pra￿85 aro awigd ¢0 pariKular L*eoJries o15t¥x*r¢.'
Vdunt8ry way ol wts, thlftatry￿ ar¥J gllL8 and • 1K1￿ed in full it) th?
stat¢rrnnt of adfvhlos when receN8Yh. Grants t*l*fe entitiern￿t Ls ￿t ¢wditloft￿ on
the d8llvery of a Sl￿￿.¢ ty t1￿ ¢htirity are Ihe tharty b8COrn8&
Cl￿dIl￿)n￿ty enli1￿ to Ihe
IrKom• trcm lrniastmerts thè y•ar In rex•brnWè.
Exp&￿ttUre W rwrlA•d on •n b&•l• ￿ 8 Ii&IHty ré i￿rr•￿. Exp•r•Yhuro IndudoB arby
VAT whih e4nTrX ¢* futy aTrJ $ r8wi&J a¥ 01 ts expr¥Jilure to which It
reigies.
Chofftabl8 experdtrJr• tr￿rr￿J In th• of N6
athlllgs Bofv¢os Sy its t41)0f￿18r￿S. tt ind￿1$6 t¥Jth costs th* can t¢ ￿kn¢&I8d dirgdy to
8uch oc4Nfti8B 8NI those costs ol an ibJire¢t njlure noco68ary10 WPfOI them.
GOv•Ma￿ cots rerye$ont ￿trtArtabkn 10 athilrtstratbn arnl
ilh slalutory r¢qiiren*r
Unlist&J •tyly i1￿•J[w￿ we at ¢osi, aThJ 8uLwJgnty m•A8w•J W I•w
valug. Sf lair wirwJlh a*sels arg fflea8uoJ at copl1•55 Impalnnènt.
LI8t•LI In¥e6lrr¢nts ar• m8a6ui•J It lalr V&￿• In lak VI￿0 f•x4Th￿d In
incom¢ ry •xpeTrJrt%n.
Inve*mBnt prop¥ty
Investrneni i* Inlilllty rn¢4)rd￿j ai Cp)s1, •K&rtloF purchas• wxf any ¢Jrect
attrbLrtal)le
Investmenl FYoFwty is to rts faw veh* si eath rwhii date aThJ ony ¢twiges ifi fwr
valje are in
4 reliab￿ m8a6w8 of Ig¥ vauo * r*J loro8r a￿1&ble wihoul o)st or •lkytfor an iiwn of
Invesir*nt prowrty.. it Sh￿ t• transfgrred to a858ts treabJ a• unll It is
ex￿ed that fairvalue tA b8 r81Fably m8a8W8kk on an orfrgory
A firwnod assth or a finwTht iabiltty ts rewJni%e(F choAty becom&s a party to the
conlractu& of Iha inslrLrnII.
10

The David Glbl)ons Foundalion
Notes to tho Financial Stat8m•nt81(m•x¥o1
Yeay ended 31 M•r¢h 2021
S A¢counllng pollcl88
Bask inslrum8nls ar• r¢cwthd al ts amunt i￿e￿&b* or ￿ l￿b￿d￿
any trar￿lOn¢twts.
Current 889ets arKI o>rrnrt are Measu￿ at Ih¢ oth
COn%Kler61ion OVthJlo be arnj ￿1
WhoTe Irwosb))•nts in shar85 ar¢ trad*J LY Ih8ir l&r ¥a￿e can Othe￿Se b8 rmawre
r￿￿y, in￿Etr￿nt ￿￿148￿rId 81 Iwr valu& chang8s h fak V￿u?
rwrised in aNI •XFwthr8. hjl thr ¥westrn8nts rnea3urthS at
It bss Irnpairm￿t.
har fnawKiai d•riv*¥•J. ar• ir• w￿led at lak v&ue. unles5
payrn￿t k)r an a8Bo1 Is delorred norm& ￿lf￿$S terms or lingrrA 8t a rate tsf intsrest
Ihat * not 8 moth01 rats. In case th• a88et mgw•J at the PfOWI ¥alufr of th• lutur8
Othw finandal *£lrurnents are sut40q￿rfty nwur•d at l•r value. wlth any chqngss
rwi58d in lh• stAtomoNt ol financi￿ •#Nthes, wrfh the eXWt￿ ol InatrLx* In a
FlnanL?81 a88ots Ihat ws rrwur•J at ¢ixl ry amth8ed cost aro r¢vknd for objocifve ￿￿8
of Inywment al tho etsJ of ¢&h repJrbrg Oato. M Ihero ig Otl*fv• •vh*nc• ol tsnpalmiern. an
Ioss 18 reco￿￿ed uTrJgr a4yyiai• li tho stst•m•n¢ ol 1Snar*Jal
Iviliè6 in the Inttd was recogfth.
For dl wlty ￿1￿m9rtI I¢￿￿#8$ of shJi￿￿, ￿ othor assth Ihal are
dlvkjualty 8lgnVkani, thase are aa#tss•J Irth￿￿ty for knFQtrM￿L othor linar￿￿ a6s*s w•
thther aw88•J lndN•Ju￿ty orurouF¢d ￿ Ihe b8￿8 01 Imiwr rtsk thardctwist￿￿.
Any v•v•mh of imFdrmeni w# Imm8thW, 10 •xMnt mer8al ¢k)&g n(rt
re8utt *) A e*ryiThJ anh)unt ol the finurrwf al￿ •xe•ath *hal IM earrylr¥ amomt woukj
hav8kn hod lrnpalrrr*nT not PTevkyJ8ty b*n
LSrn81it1&J Tat•1 Fwd• UrWe9tr￿gj T¢W FuTrJ&
Funds
Bank intsrè8t rttdvabla
Invo￿￿￿￿% irK¢Jm8
Olhor ￿COme
47
133.9S3
47
1&3.9$3
340
118.9n
118.9TJ
118.974
11&974
134,340
134,34Q
11

The Davld Glbbons Foundatlon
Notés lo th• Flnanclal Stht•monts(w•Nx4
Year OTrd￿ 31 MaY¢h 2021
Furth
FLx¥J$
iknts payable
Sukwort cogts
108.210
11870
108.210
12,870
121,080
121.080
UrKesrti&l EThJ0wm￿I Tow Fun¢L4
Fur
Fund•
2020
Gra￿ payat4•
Fwrt c¥#ts
127,510
11,467
127,510
12.479
1.012
1.012
138.97T
139,989
Glanl lundir*J
Tot•1 fund• fijnd
2020
Grants Foyabl•
I[￿.210
108,210
12,870
127,510
12,479
139,989
12NO
12.870
108,210
121,
. An#Wof ¢o•l•
Granl furn1iThJ
WFPX Tow 2021 TO￿ 2020
10,953
9,221
10.953
Investw*ntle88
IndeF4ndenl l••
Bank Charqos
Legal I
340
12￿70
12,870
12.480
Tho Davkl FouTh*tion Shares ots Space eTrJ tho ol a Trust Mat*oer.
ern￿oY￿ Gli t#)￿ Famly Tnmt Duriry lh• yg8r kn•9e wera Shared gqU81y,
Ihe David Gttons Fcwndwtsn r•mbLYses the Fon* Trust fly half of alE g￿ra1 olfice
aTrY ernployee 8￿n￿.
Thp Da¥Md Gibl￿ Four•Jalon has wlal ￿[K￿ irfftsbj Inve¥tr￿1 Man48TS, C¢L4.
CCLA inGoTh r￿eTr¥ed rh7101 IrN8s1n￿ f￿.
12

The David Gibbons Foundallon
Notes to tho FIn0￿￿1 Statem￿
YoAr onded 31 March 2021
& AMFy81¥ gf graThts
20
Grafits lo llrganisaurm aTrJ t*afoÈ#
97.737
108,641
Gran1• lo 1ndMd￿l1
Grants to lThJvklLO
10,473
18.889
Total gr
108.210
127,510
Il•t garn￿(101*) on
Erthwrnenl Tot•l Er￿0￿￿onI Tctsl FuTrJs
Fur¥lB
FundB
2020
(Iher
324.185
324.165
1148.6981 1148.6961
10. IDd•pthd•nt •wln•tknn IM•
20
Fees ￿Y￿LI0 lo Ihe lThyYr￿•￿inerft1..
1.848
11. Tru•ts• ￿m￿rnI10￿ •na•xpww•
rèmunwatkn h48 been pwd kn tf* Tr￿1•¥$ in thg QJrreN or year. Thg
arty has ￿ mat •ny oxp8rn88 by TnJ8tw12CQO.. £148 W to one
Tru$t8el for MI￿#g9 IrKurr*J in Avèrxsiry Trustoe m• lTh*dad In
orr￿e ￿$10 retmtr¥Jr8od ￿ Th• Gi*on¥ F8rnilyTTU81.
12. L•yd••
Ufhkn tho i•rTr* of Ihe WAI of lats lh* Chariry 1$ a t•n•T￿￿ ol a
C48cretkn8ry Trust FurKJ with wjital 01 £35,280 at 31 Marth &21 12CQO'. £37.2261. Thg
olhor ben&fwi8rf98 are Ihe Gttx)n8 Family Tw81 aTrJ Mr 83nfldd. 8 lgrmor
•mpby¢* of Mr GbbJr•(8￿da￿￿ 10 d MTG￿ dthj 14 2(#J41.
In athlhkn the Da¥Ad Gth)r• *il akn rKa¥e ab8oILrtdy a FYoF¢rty purch8s9J
utK1erth• tm of Ihe Wil. The sarre &iWoy•o has t￿ b•xfft of Ihe 118llm8
8nd on hi8 dealh the Flop￿Y hill lo tho Dav*J G￿1X)n8 FUJr￿atr￿. Th• prop*ty wa8
valwd by E•1#￿ £ag0.QXI In Oo¥(thr 2010 (Pr￿kn￿ty ¥atyJed ai £4￿,0￿ al
ttme ol OavKI all)b￿S. (Jeaih ￿7 X(Ql.
13

The Davld Gibbons Fwndallon
Not98 to th• Flnan¢lal Slatementsi(•*M*
Year endod 31 IA¥rch 2021
13. lTh¥¢stmwts
CCLA
Prq)erty CCLA Ett
Fund
Totsl
Al I Pyil 20
'c¢
Fair movements
1.232.878
1,747,884 1980,542
127.2341
1205.444 1099263 3.304.707
351.399
324,185
At 31 M•r¢h >)21
knylnn•nt
Al 1 Aprtl 2020 and 81 2tr21
Canwny amou
At 31 March X121
I2￿444 2,0ga263 3,304,707
1232.678
1,747.864 2,980,S42
Al 31 Marth 2020
Al imakn•M8 valuation.
14. Cr•¢hYm: du•v•lUth¥ (*)• y•*
dglerrwl kn￿MI
Cfedllor8
1,848
2,498
4.028
IS. AMly•l• of rhirfta14• fwNI•
GJrr4 At 91 M•r¢h
1W121r20 ￿)rna EX￿re
118,974
1121,OW)I
Umtrkxed furb
At
l N4Jrll ¥J19
Ga*6 and At 91 March
1061eB
2020
Exp*idnure
134,340
113B,9771
33.427

The David Gibbons Foundati
Noios lo Ihe Flnan¢lal Slatsments￿l￿d
Year endod 31 ltsrch 2021
Gth and At¥1 Uw¢h
FuTrJ
a980.529
324,1&5
3,￿.694
13aln8 aTh1 At 31 Maw
1 Apth X$19 Incts71• Eyo*th¥•
Permwffjnl En¢k)wTrwrt
8.130237
11.0121 1148,6961 2.9￿,529
Ufft8trrtwJ ETrJownent Tot•1 Fynd$
Furt18
Fu￿8
Inv961rrnnts
Current as50ts
Cr&*ors le￿ Ihan l year
13 3204.694 3,304,707
35,338
35338
14,028)
14,0281
31,321
3a04.894 3,338.015
Erth*wnt TOW FuTh#g
Furth
2020
Fur
veslTrnts
Curr•Thi as88ts
Credit￿3 Iqs8 thon l year
12
a980,530 2.W,542
37,780
37,760
14.3461
14P481
93,426 2,WJ,530 3,013,956
17. R•lthd p•rtyir•n4•ctloTr•
OurKtg tho yaar Ihe Chwty wovlde(S a wani of £4.000 to Exotw Leukernla FuTrY, a charity
Trust88, r￿elP1 ot a 6ur%es8fv1 aprAthon [2019: £4.1)JOl. Thlg grant Was madg
18. Th￿¢1•1 Imirun
Fina￿￿1 assets alla￿ aThJ
&>)4.707 2,W
15

The Davld Glbbons Foundation
Grant Appwdlx 1- Grarrts to 0￿￿￿tIOnS11810d 04>habotlcally
Y•ar •nded 31 March 2021
PudlekJh Satt•t￿ Rdlol in Kkno11 Clariry 5,000 LivwvJ optw￿5 Devon
Afghan￿tan Cenird A￿?"•1￿ 1,$00 ￿tr￿ar
Axmlnstsr Fo(rt18arlE
1.5DO Carp81 IEx*rl
British Wreless lor lh8 ￿1￿1 Fur¢r
9Y) IAANageABLE
m9y¢￿ EJ¥Jin•wlry R8wrc8 Urdt
2,SOO WERUI
1,000
l•gh sdiertfm Relw
C811br• Audkj li
r*4iive Beltys C
Croditon Foout*nk
I,1)XJ Mcltonl
I MHA
1,IxJ) Noah% Plac8
3.(ts) N(*th HosF*è
Dartmoulh Carfng
Deafoll￿ UK
Davon in
3,Lh)O
1.(￿ OFen DON Emouth
Ptymouth Cty c￿J￿H CommLml
1,fKQ Team
PurF49 D￿r￿til knarw
Dovon Lhk.Up
ExeALWS8 IEx•tsr Trar•F#Jt
A88opJaiknnl
Ex•iw Cortyfiunhy IndialvgB
Exeiw L•uka8rrta Fw
Exmouth in N8tyJ
Exmouth Gat￿aY rj
Exmoulh WeM8r• Twst
Fo(*JC
5(p)
1,5fy) RAF Bwwol•nt FuThJ
4,0Tr) RvAlalBe Re$ty'ie H￿l￿ayS
fjc
1,730
2.OLKS
1.2
1,0
1,OC•J
1.3W] S88th1ty
2AJ) * Valty Feod 8ar*
St BLKloaux CknJrth CornmuThty H￿1
3.1￿ C¢mnlttO0
2.CWJ S¥Jp lty Evwyone ISAFEI
I.￿￿ TH￿a￿l￿ &)nta¢# c4rth
l.CQ) Tr* E8iuary Le*)￿ of Fr1￿
l.(Ka) File FpJM•ts ¢￿.￿rIty
2.0￿ Thè LI￿r¢ TrI￿t
I,¢JcKI Tml HcMAs Lh#
f,(KKI TRIP CTA
TTVS18tJgtryd aThl Ntr1h
675 NknYKJry CBles1
?,OCQ Twntst4è FumMw•
FORCE Carw Chadty
Faerth SIKJ F8mllk8 ol spec1￿ Children
Go Noth Dovon Ishowrttiktyl
Headway De¥on
HO&￿n0 lor Dgaf P8
+4ommak8r s￿h*
HorUctsKural Therw Tnmt
Howtscaro
i.ooo
2,0
2.000
7￿)
2,888
4,OC#)
Klrythdgg Area Fothk
Tol•l 9&J33
P￿dI r*Jrn•d 12,1961
pAld 97,737
18

The David Glbbonj Foundatlon
Qrorrt Appendlx 2- Granls over £2,(WXI
Year ended 31 March 2021
B￿11￿ Samon Rdknl in Need Chwity
7umtthe
Ex•t£r L￿￿e￿Ia Fw
04trrnuth C&irY4
Nfylhem Devm FO￿lL￿*
Exmouth Gateway Club
FORCE Ca￿r Charity
Plymouth Cfy Courtd Commnty 1kn08c*
looo
TTVS IBbJ•fwd Nrylh Devon Klemory
CaleJl
8udlopah S8tterton N••(I Cknty
M￿l￿al £1￿1006nrO ￿0￿jr¢0 Urwt IMERUI
Or*n Exmoulh
Thfj E8tuary Loagu• of
Exm¢Jrth In
Awoft H04Fke
Norfh Devon Hosr
FrteTr18 F8milies of SpwJd Ch**en
Iowddoa Area Fo¢¢S￿nk
Tho Ftr• FKJht¥rs Chodty
Hom6mik8r South*
2.rAJo
2,￿)0
2,000
T￿ Hw8e Lld
Totsl
17