| Page | |
|---|---|
| Trustees'annualreport | 1 |
| lndependent examiner'sreportlo theTrustees | 6 |
| Statement offinancialactivities | 7 |
| Statement offinancialposition | 8 |
| Notes to thefinancialstatements | I |
| Refercnce andadministrative | details |
|---|---|
| Registeredcharityname | The David Gibbons Foundation |
| Charityregistrationnumber'1134727 | |
| Principaloffice | 24PhilipAvenue |
| Barnstaple | |
| Devon | |
| EX313AQ | |
| TheTrustees | DrJohn Frankish(Chair) |
| Professor Chris King CBEDL | |
| DrMiles Joyner | |
| Mrs ElizabethLee | |
| DrClive Stubbings | |
| lndependent examiner | Shona Godefroy FCCA |
| Thomas WestcottLLP | |
| Chartered Accountants | |
| 26-28 Southernhay East | |
| Exeter | |
| Devon | |
| EX1 lNS |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Expendable | Permanent | |||||
| Unrestricted | Endowment | Endowment | ||||
| Note | funds e |
funds € |
funds € |
Totalfunds f |
Total funds t |
|
| lncome and endowments | ||||||
| lnvestmentincome | 4 | 124,555 | 124,555118.974 | |||
| Total income | 124,555 | 124,555118,974 | ||||
| Expenditure | ||||||
| Expenditure on charitableactivities5,6 | (132,633) | (132,633) | (121,080) | |||
| Totalexpenditure | (132,633) | (132,633) | (121,080) | |||
| Netgains on investments | I | 72,462 286,828 359,290324,165 | ||||
| Netincome | (8,078) 72,462286,828 351.212322,059 | |||||
| Transfers between funds | 76,9873,514,535 | (3,591,522) | ||||
| Netmovementinfunds | 68,9093,586,997 | (3,304,694)351,212322,Os9 | ||||
| Reconciliationoffunds | ||||||
| Total funds brought forward | 3',t,321 | 3,304,694 3,336,015 | 3,013,956 | |||
| Totalfundscarriedforward | 100,2303,586,997 | 3,687,227 | 3,336,015 |
| The DavidGibbons Foundation StatementofFinancial Position 31 March 2022 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | e | e | |
| Fixedassets | |||
| lnvestments | 14 | 3,586,997 | 3,304,707 |
| Current assets | |||
| Cash at bank and inhand | 104,498 | 35,336 | |
| Creditors:amountsfallingduewithinone year | 15 | 4,268 | 4,O28 |
| Netcurrentassets | '100,23031,308 | ||
| Total assets lesscurrent liabilities | 3,687,227 | 3,336,015 | |
| Netassets | 3,687,227 | 3,336,015 | |
| Fundsofthecharity | |||
| Endowment funds | 3,586,997 | 3,304,694 | |
| Unrestricted funds | 100,230 | 31,321 | |
| Totalcharity funds | 16 | 3.687,227 | 3,336,015 |
| lnvestmentincome | ||||
|---|---|---|---|---|
| UnrestrictedTotalFunds Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
||
| Bank interest receivable lnvestment income |
f€ r)o 124,549 |
124,549 | e I '118,973 |
€ I 118,973 |
| 124.555 | 124,555 '118,974118,974 |
| Expenditure on charitableactiviti | esbyfund type | |||
|---|---|---|---|---|
| Unrestricled Funds € |
Endowment Total Funds Funds 2022 €t |
|||
| Grants payable | 121,15',1 | - | 121.151 | |
| Support costs | '11,482 | - | 11,482 | |
| 132,633 | 132,633 | |||
| Unrestricted | Endowment | Total Funds | ||
| Funds | Funds | 2021 | ||
| c | e | I | ||
| Grantspayable | 108,210 | 108,210 | ||
| Support costs | 12,870 | 12,870 | ||
| 121,080 | 121,080 |
| Expenditure on charitable | activitiesbyactivity type | ||
|---|---|---|---|
| Grant funding | Totalfunds | Total fund | |
| ofactivilies Support costs €t |
2022 C |
2021 e |
|
| Grantspayable | 121.151 | 121,151 | 108,210 |
| Governance costs | - 1',1,482 |
11.442 | 12,870 |
| 121,151 1'1,482 132,633121,080 |
| Analysisofsupport costs | |||||
|---|---|---|---|---|---|
| Grantfunding | |||||
| support costs l |
Total2022 r |
Total2021 e |
|||
| Governanc€ costs | 9,454 | 9,454 | 10,953 | ||
| lndependent examination fee | 1,932 | 1,932 | 1,848 | ||
| Bankcharges | 96 | 96 | 69 | ||
| 11.482 | 11.482 | 12,870 |
| Analysisof grants | ||
|---|---|---|
| 2022 | 2021 | |
| € | f | |
| Grantstoinstitutions | ||
| Grants to organisations and charities | 110,932 | 97,737 |
| Grantsto individuals | ||
| Grantstoindividuals | 10,2',t9 | 10,413 |
| Total grants | 121,151 | 108.210 |
| Afulllist ofgrants made is includedinth 9-Netgainsoninvestsnents |
e appendix | e appendix | ||
|---|---|---|---|---|
| Endowment Total Funds Funds 2022 r€ |
Endowment Funds e |
Total Funds 2021 r |
||
| Gains/(losses) on other investment assels |
359,290 | 359,290 324,165324.165 | ||
| 10.lndependent examination fees | ||||
| 2022 | 2021 | |||
| € | e | |||
| Fees payabletothe independent examinerfor: | ||||
| lndependent examinationof thefinancial | statements | 1,932 | 1,848 |
| lnvestments | |||
|---|---|---|---|
| CCLA | |||
| PropertyCCLA Ethical Fund Fund e€ |
Total t |
||
| Cost orvaluation | |||
| At1April2021 | 1,205,444 | 2,099,263 | 3,304,707 |
| Addilions | |||
| Disposals | (77,000) | (77,000) | |
| Fairvalue movements | 179,958 | 179,332 | 359,290 |
| At3'1March2022 | \38.?40' | ZrCn,5% | 35S6397 |
| lmpairment | |||
| At1April2021and3lMarch2022 | |||
| Carrying amount At31March2022 |
1,385,402 | 2,201,595 | 3,586,997 |
| At 31March202'1 | 1.205,444 | 2,099,263 | 3.304,707 |
| Creditors:amountsfallingduewithinoneyear | ||
|---|---|---|
| 2022 | 202'l | |
| e | e | |
| Accruals and deferredrncome | '1,932 | 'l,848 |
| Other creditors | 2,336 | 2,180 |
| 4,268 | 4,028 |
| [Jnrestricted Unrestricted |
funds fund |
1 | At Apr2021 r 31,321 |
lncomeExpenditure !€ 124,555(132,633) |
Gainsand Transferslosses31 €tr 76.987 - |
At Mar 2022 100,230 |
|---|---|---|---|---|---|---|
| At | Gainsand | At | ||||
| I | Apt2020 ! |
lncomeExpenditure rt |
Transrers t losses31 |
Mar2021 | ||
| Unrestricted | fund | 33,427 | 118,974(121,080) | - | 31,321 |
| Endowmentfund | s | ||||
|---|---|---|---|---|---|
| At | Gainsand | At | |||
| 1Apt2021 e |
lncomeExpenditure €r |
Transfers € |
losses3l t€ |
Mar 2022 | |
| Permanent | |||||
| Endowment Fund | 3,304,694 | (3,591,522) | 286,828 | ||
| Expendable | |||||
| Endowment Fund | 3,514,535 | 72,4623,586,997 | |||
| 3,304,694 | (76,987)359,2903,586,997 | ||||
| At | Gainsand | At |
|||
| 1Apr 2O20 t |
lncomeExpenditure E! |
Transfers € |
losses31 ee |
Mar 2021 | |
| Permanent | |||||
| Endowment Fund | 2,980,529 | 324,165 | 3,304,694 | ||
| Expendable | |||||
| Endowment Fund | |||||
| 2,980,529 | 3,304,694 |
seofpermanent funds to expendable en Analysisof net assets betweenfunds |
dowment funds and unrestric |
ted funds. |
ted funds. |
||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Total Funds | |||
| Funds | Funds | 2022 |
|||
| t | t€ | ||||
| lnvestments | 3,586,997 | 3,586,997 | |||
| Current assets | 104,498 | - | 104,498 | ||
| Creditorslessthan1year | (4,268) | - | (4,268) | ||
| Netassets | 100,230 | 3.586,997 | 3.687.227 | ||
| Unrestricted | Endowment | Total Funds | |||
| Funds e |
Funds 2 |
2021 t |
|||
| lnvestments | '13 | 3,304,694 | 3,304,707 | ||
| Current assets | 35,336 | 35,336 | |||
| Creditorslessthan1year | (4,028) | (4,028) | |||
| Netassets | 31,321 | 3,304,694 | 3,336,015 |
| 19.Financiallnstruments | ||
|---|---|---|
| The carrying amount for each categoryoffinancial instrumentis | asfollows: | |
| 2022 | 2021 | |
| € | 2 | |
| Financial assets measuredatfair value through incomeand expenditure |
3,586,997 | 3,304,707 |
| rant Appendix't-Grants toorga earended31 March2022 |
nisation | slisted alphabetically | |
|---|---|---|---|
| Abbey Gateway | 2,000 | Kingsbridge Foodbank | 2,000 |
| Action Easl Devon (formerly EDVSA) | 4,000 | Lark Children's Centre | 2.500 |
| Amber Foundation | 3,000 | Listening Books | 750 |
| Axe Valley Ring &Ride | 5,000 | Livel\4usicNow South West | 1,000 |
| Axminster CommunityShed | 3,000 | Living Memories | 2,500 |
| BackupTrust | 750 | Macular Disease Society | 2,000 |
| Barton Acorn Youth Community&Sports | Mid DevonN.4obility(formerlylvlid | ||
| Centre | 500 | Devon Mobilily) | 1,000 |
| National Axial Spondyloarthritis Society | |||
| Budleigh Community Workshop Trust | 500 | (NASS) | 1,000 |
| Calibre Audio Library | 1,000 | North Devon Hospice | 1,s00 |
| Churches Housing Action Team (CHAT) | |||
| MidDevon | 2,000 | Open Door Centre Exmouth | 2,500 |
| Community Waffle House | 2,000 | Over&Above (N DevonNHSTrust) | 3,000 |
| Cullompton Family Centre | 2,000 | Parental Minds | 2,000 |
| Dartmouth Caring | 3,600 | Rowcroft Hospice | 3,750 |
| DealblindUK | 1,000 | Sense Abilities | '1,000 |
| Devon ln Sight | 1,000 | Sense Ability Therapy CIC | 1,208 |
| Devon LinkUp | 1,000 | Shine | 1,000 |
| Exeler Community lnitatives | 3,000 | SOCOPS | 4,000 |
| Exeter Community Transport Association | |||
| (ECTA) | 5,000 | St Luke's Hospice (Plymouth) | 2,500 |
| FindYour Voice | '1,000 | Step One (formerly St Loyes) | 1,000 |
| Support Through Court(wasExeter | |||
| FoodCycle | 2,000 | PSU) | 3,000 |
| FORCE | 3,000 | Tarka Child Contact Centre | 2,000 |
| Foresight Gardening | 1,000 | Tectona Trust | 2,000 |
| Frozen Light | 1,000 | Torbay Advice Network | 950 |
| Golden Oldies | '1,680 | Uffculme Green Team | 600 |
| Homemakers South West | 4,000 | Wave Project | 1,200 |
| Joss Searchlight | '1,000 | WESC forlittleornosight | 2,500 |
| Kids Out UK | 2,444 | Wllow | 1,000 |
| Kingsbridge & Salstone Caring | 2,000 | YMCA Exeter Community Projects | 2,000 |
| Axe ValleyRing& Rjde | 5,000 |
|---|---|
| Exeter Community Transport Association(ECTA) | 5,000 |
| Action East Devon (formerly EDVSA) | 4,000 |
| Homemakers South West | 4,000 |
| SOCOPS | 4,000 |
| Rowcroft Hospice | 3,750 |
| Dartmouth Caring | 3,600 |
| Amber Foundation | 3,000 |
| Axminster CommunityShed | 3,000 |
| Exeter Community lnitatives | 3,000 |
| FORCE | 3,000 |
| Over&Above (N Devon NHS Trust) | 3,000 |
| Suppo(Through Court (was ExeterPSU) | 3,000 |
| Lark Children's Centre | 2,500 |
| Living Memories | 2,500 |
| Open Door Centre Exmouth | 2,500 |
| St Luke's Hospice (Plymouth) | 2,500 |
| WESC for little ornosight | 2,500 |
| Kids Out UK | 2,444 |
| Abbey Gateway | 2,000 |
| ChurchesHousingAction Team(CHAT)Mid | |
| Devon | 2,000 |
| Community Waffle House | 2,000 |
| Cullompton Family Centre | 2,000 |
| FoodCycle | 2,000 |
| Kingsbridge & Salstone Caring | 2,000 |
| Kingsbridge Foodbank | 2,000 |
| Macular Disease Society | 2,000 |
| Parentalirinds | 2,000 |
| Tarka Child Contact Centre | 2,000 |
| Tectona Trust | 2,000 |
| YMCA Exeter Community Projects | 2,000 |
| Total | 86,294 |