##
##
##
##
||||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|