| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the Trustees |
|||
| Statement | of financial | activities | |
| Statement | of financial | position | |
| Notes to the financial | statements |
| Registered | charity | name | The David Gibbons | The David Gibbons | Foundation | ||
|---|---|---|---|---|---|---|---|
| Charity registration | number | 1134727 | |||||
| Principal office | 24 Philip Avenue | ||||||
| Barnstaple | |||||||
| Devon | |||||||
| EX31 3AQ | |||||||
| The Trustees | Dr John Frankish | (Chair) | |||||
| Dr Miles Joyner | (Resigned | 25 October 2022) | |||||
| Mrs Elizabeth Lee |
|||||||
| Professor Chris King CBE DL | |||||||
| Dr Clive Stubbings | (Vice-Chair) | ||||||
| Mr Simon Barnett | (Appointed | 24January 2023) | |||||
| Independent | examiner | Catherine Williams |
FCA DChA | ||||
| Westcotts (SW) LLP | |||||||
| 47 Boutport Street | |||||||
| Barnstaple | |||||||
| Devon | |||||||
| EX31 1SQ |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 2 | 2 | |||||
| Income and endowments | |||||||
| Investment income |
4 | 123,952 | 123,952 | 124,555 | |||
| Total income | 123,952 | 123,952 | 124,555 | ||||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 5,6 | (165,650) | (165,650) | (132,633) | ||
| Total expenditure | (165,650) | (165,650) | (132,633) | ||||
| Net (losses)/gains | on investments | 9 | (329,562) | (329,562) | 359,290 | ||
| Net (expenditure)/income movement in funds |
and net | (41,698) | (329,562) | (371,260) | 351,212 | ||
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 100,230 | 3,586,997 | 3,687,227 | 3,336,015 | ||
| Total funds carried forward | 58,532 | 3,257,435 | 3,315,967 | 3,687,227 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Fixed assets | Note | 6 | 8 | |
| Investments | 14 | 3,257,435 | 3,586,997 | |
| Current assets | ||||
| Cash at bank and in | hand | 63,569 | 104,498 | |
| Creditors: amounts | falling due within one year | 15 | 5,037 | 4,268 |
| Net current assets | 58,532 | 100,230 | ||
| Total assets less current liabilities | 3,315,967 | 3,687,227 | ||
| Net assets | 3,315,967 | 3,687,227 | ||
| Funds ofthe charity | ||||
| Endowment funds Unrestricted funds |
3,257,435 58,532 |
3,586,997 100,230 |
||
| Total charity funds | 16 | 3,315,967 | 3,687,227 |
| Unrestricted | Endowment | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| F | |||
| Grants payable Supportcosts |
137,212 28,438 |
137,212 28,438 |
|
| 165,650 | 165,650 | ||
| Unrestricted | Endowment | Total Funds | |
| Funds | Funds | 2022 | |
| 2 | |||
| Grants payable Supportcosts |
121,151 11,482 |
121,151 11,482 |
|
| 132,633 | 132,633 |
| Expenditure | on charitable |
activities by activity typ |
e | ||
|---|---|---|---|---|---|
| Grant funding | Total funds | Total fund | |||
| of activities | Support costs | 2023 f |
2022 2 |
||
| Grants payable Governance costs |
137,212 | 28,438 | 137,212 28,438 |
121,151 11,482 |
|
| 137,212 | 28,438 | 165,650 | 132,633 |
| Grant funding | |||||||
|---|---|---|---|---|---|---|---|
| support costs | Total 2023 | Total 2022 | |||||
| 2 | 2 | ||||||
| Recharge to the Gibbons Independent examination Bank charges |
Family fee |
Trust | 9,583 2,076 72 |
9,583 2,076 72 |
9,454 1,932 96 |
||
| Reimbursement | to the Gibbons | Family Trust | 16,707 | 16,707 | |||
| 28,438 | 28,438 | 11,482 |
| COLA | |||
|---|---|---|---|
| Property | COLA Ethical | ||
| Fund | Fund | Total | |
| Cost or valuation | |||
| At 1 April 2022 Additions |
1,385,402 | 2,201,595 | 3,586,997 |
| Fair value movements | (219,794) | (109,768) | (329,562) |
| At 31 March 2023 | 1,165,608 | 2,091,827 | 3,257,435 |
| Impairment | |||
| At 1 April 2022 and 31 March 2023 | |||
| Carrying amount |
|||
| At 31 March 2023 | 1,165,608 | 2,091,827 | 3,257,435 |
| At 31 March 2022 | 1,385,402 | 2,201,595 | 3,586,997 |
| Accruais and deferred | income |
|---|---|
| Other creditors |
| 2023 | 2022 |
|---|---|
| 2,076 | 1,932 |
| 2,961 | 2,336 |
| 5,037 | 4,268 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 1 Apr 2022 | Income | Expenditure | Transfers | losses | 31 Mar 2023 | ||
| 2 | 2 | ||||||
| Expendable Endowment |
Fund | 3,586,997 | (329,562) | 3,257,435 | |||
| 3,586,997 | (329,562) | 3,257,435 | |||||
| At | Gains and | At | |||||
| 1 Apr 2021 | Income | Expenditure | Transfers | losses | 31 Mar 2022 | ||
| 2 | 2 | ||||||
| Permanent | |||||||
| Endowment | Fund | 3,304,694 | (3,591,522) | 286,828 | |||
| Expendable Endowment |
Fund | 3,514,535 | 72,462 | 3,586,997 | |||
| 3,304,694 | (76,987) | 359,290 | 3,586,997 |
| Analysis of net as |
sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Endowment | Total Funds | ||
| Funds | Funds | 2023 | ||
| 2 | 2 | |||
| Investments | 3,257,435 | 3,257,435 | ||
| Current assets | 63,569 | 63,569 | ||
| Creditors less than | 1 year | (5,037) | (5,037) | |
| Net assets | 58,532 | 3,257,435 | 3,315,967 | |
| Unrestricted | Endowment | Total Funds | ||
| Funds | Funds | 2022 | ||
| 2 | F | |||
| Investments | 3,586,997 | 3,586,997 | ||
| Current assets | 104,498 | 104,498 | ||
| Creditors less than | 1 year | (4,268) | (4,268) | |
| Net assets | 100,230 | 3,586,997 | 3,687,227 |
| Year ended 31 | March | 2023 | 2023 | ||||
|---|---|---|---|---|---|---|---|
| 19. Financial Instruments | |||||||
| The carrying | amount | for each category offinancial | instrument | is as follows: | |||
| 2023 | 2022 | ||||||
| Financial assets measured | at fair value through | income and | |||||
| expenditure | 3,257,435 | 3,586,997 |
| Axminster Health and Wellbeing |
Axminster Health and Wellbeing |
Axminster Health and Wellbeing |
Centre | Centre | 2,000 | Mindful Art Club |
2,312 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Calibre Audio | 2,100 | Multiple System Atrophy | Trust | 2,500 | ||||||
| Community Equality Disability (CEDA) |
Action | 2,000 | North Devon Hospice |
2,500 | ||||||
| Cruse Bereavement Support |
Devon | 2,500 | Open Door Exmouth | 2,500 | ||||||
| Pathfield Parent/Teacher/Friends |
||||||||||
| Cullompton Family Centre |
2,000 | Association | 3,000 | |||||||
| Plymouth City Council |
Community | |||||||||
| Dartmouth Caring |
4,000 | Outreach | 3,000 | |||||||
| Devon Partnership NHS |
Trust | Special | ||||||||
| Charity | 2,500 | Plymouth Community |
Homes | 3,000 | ||||||
| Dream-A-Way CIO |
3,500 | Plymouth Music Zone |
2,000 | |||||||
| Rest Haven Charitable | Incorporated | |||||||||
| Exe Saling Club-"Sailability" | 2,100 | Organisation | 1,000 | |||||||
| Exmouth Gateway Club |
5,000 | Rowcroft Hospice | 3,000 | |||||||
| Exmouth Welfare Trust | 2,000 | Seachange Devon |
2,500 | |||||||
| SHINE (Spina bifida / |
Hydrocephalus | / | ||||||||
| FoodCycle | 2,500 | Information / Networking |
/ Equality) | 1,000 | ||||||
| FORCE Cancer Charity | 5,142 | Sidmouth Hospice at Home |
5,000 | |||||||
| Go North Devon Ltd |
2,000 | Simply Counselling CIC |
3,435 | |||||||
| Happy Days Children's |
Charity | 1,000 | Splitz Support Service | 2,000 | ||||||
| HeadsUP Mental Health |
Awareness | CIC | 2,500 | St Luke's Hospice Plymouth | 2,000 | |||||
| Home-Start Exeter, East and |
Mid Devon | 3,958 | Step One Charity | 1,000 | ||||||
| Home-Start Teignbridge |
2,868 | The Amber Foundation | 5,000 | |||||||
| Honiton Carers Support | Group | 600 | The Club | 1,000 | ||||||
| Hospiscare | 5,000 | The Northam Care Trust |
430 | |||||||
| Kingsbridge Area Food |
Bank | 2,000 | The Sir Francis Chichester Trust | 2,000 | ||||||
| Living Options Devon |
1,000 | Turntable Furniture |
4,000 | |||||||
| Make Them Smile | 2,000 | Unite Carers In Mid Devon |
5,000 | |||||||
| MANageABLE | 3,000 | Veterans Outdoors | 1,000 |
| FORCE Cancer Charity | 5142 | ||
|---|---|---|---|
| The Amber Foundation | 5000 | ||
| Exmouth Gateway Club |
5000 | ||
| Unite Carers In Mid Devon |
5000 | ||
| Sidmouth Hospice at Home |
5000 | ||
| Hospiecare | 5000 | ||
| Dartmouth Caring |
4000 | ||
| Turntable Furniture |
4000 | ||
| Home-Start Exeter, East and Mid |
Devon | 3958 | |
| Dream-A-Way CIO |
3500 | ||
| Simply Counselling CIC |
3435 | ||
| Plymouth City Council Community |
Outreach | 3000 | |
| Pathfield Parent/Teacher/Friends |
Association | 3000 | |
| Rowcroft Hospice | 3000 | ||
| MANageABLE | 3000 | ||
| Plymouth Community Homes |
3000 | ||
| Home-Start Teignbridge |
2868 | ||
| HeadsUP Mental Health Awareness |
CIC | 2500 | |
| Devon Partnership NHS Trust Special Charity |
2500 | ||
| Open Door Exmouth | 2500 | ||
| FoodCycle | 2500 | ||
| Multiple System Atrophy Trust | 2500 | ||
| North Devon Hospice | 2500 | ||
| Cruse Bereavement Support Devon |
2500 | ||
| Seachange Devon |
2500 | ||
| Mindful Art Club |
2312 | ||
| Calibre Audio | 2100 | ||
| Exe Saling Club-"Sailability" | 2100 | ||
| Cullompton Family Centre |
2000 | ||
| Make Them Smile | 2000 | ||
| Exmouth Welfare Trust | 2000 | ||
| Total | 115,415 |