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|Trustees'annualreport|1|
|lndependent examiner'sreportlo theTrustees|6|
|Statement offinancialactivities|7|
|Statement offinancialposition|8|
|Notes to thefinancialstatements|I|
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|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|
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|||||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|
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|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|
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|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|||
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|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|
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|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|
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|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|
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|Creditors:amountsfallingduewithinoneyear|||
|---|---|---|
||2022|202'l|
||e|e|
|Accruals and deferredrncome|'1,932|'l,848|
|Other creditors|2,336|2,180|
||4,268|4,028|
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|[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|
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|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|
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|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|
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|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|
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|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|