Registered Charity Number: 1142S70 Gwendollne Anderson Charltable Trust Report of the trustees and financial statements For the year ended 31 March 2025
GwendoliDe Anderson Charitable Trust Contents Page Report of the Trustees Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-12
Gwendoline Anderson Charltable Trust Report ofthe trustees (continued) For the year ended 31 March 2025 The trustees present their report with the financial statemenrs of the charity for the year ended 31 March 2025. The trustees have adopted the provisions OF Accounting and Reporting by Charities.. Staten)ent of Rer.ommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102) [effective I lanuary 20191. OBIEcfivES AND ACTIVITIES Oblectlves and alms The charity Is formed out of the estate of Mrs Gwendoline Olsen (nee Anderson) for the charitable purpose connected with rhe promotion of vocational, higher, hjrther and university education and research for the benefit of persons Ilviiig ID Stnkenchurch or the surrounding area of Buckinghamshire and Oxfordshire, whether by way of scholarships, bursaries, grants, prizes, loans or any other support that trustees consider appropriate. This Can include the costs of courseq, tutors and accoTnmod3tion at universities, colleges or other educational or t.raining establishments. including vocational training, and can be In any field of study or leaJ-nii)g, at the d15cretion of the trustees. The Trustees defermined that grants should be pald ro relevant instlrutions, where p0$5ible, to ensure funds are used appropriately, The trust also requlres evldence from beneficiaries where grants hav¥ been issued for a specific purpose. As a resulr. the trust maintains an active and ongoing role in ensurlng that beneficiaries. needs are met and asslsts iri co-ordlnating accommodation, tuition paymenrs or purchases of one-off Iterns. The trust alsL) olfers ongoing advice for beneficiaries as they progress through their eduLation, particularly as manycome from disadvantaged backgrounds or have very Iltde familial a5SiStance. SlgnlflLant actlvltles Durln¥ the year, the trustees have been in discussIDns with various local organlsations Includlng cducation establi.shments, Bucks Young Carers and Dther relevant bodies and have been selectii)g pos.sible stiidents to receive grants from the chariry. In the year 3 new grants were made. The charity ha.q paid granLf in the financial year of £33,508, supporting 8 students. Grants are recognised in the accounts when the conditions of the grant, for example the commencement of the Lourse, are met. At 31 March 2025, there is a crediior of £36,590 lor grants where there is a reasonable expectation that recipient will receive the grant but the granr has not been pald. In additlon to providlng financlal grants, the trust also offers ongoing practical support to grant recipients. In the past year this included assistance with costs of preparing course work and oftering advice regarding references and details of further financial support available to them. The Trust ha.s also been able to arrange for work experience plaents at Allan laiies Solicitors in High Wycombe, for 2 of the students undertaking law degrees. The Trust has also launched a website designed to raise awareness of its charitable actlvltles and from which candidates can make direct applications for beneflt. Publlc beneflt The Trustees confim that they have referred to the guidance contained in the Charlties Cornmlssion general guidance on public benefit when revlewing the or8anisatioT]s aims and objectives and 3re confident that the GwendoliDe Anderson Charitable Trustare complying ID this area.
Gwendollne Anderson Charltable Trust Report ofthe trustees {continued) ForthÈ year ended 31 March 2025 Grantmaklng Declslons regarding grants are made at trustee meetings and separate applicant meetings, following discussions with local organisations. colleges and universltles and applications by students. FINANCIAL REVIEW Investment performance Investments consist of properties, on which rent is ¢ollerted at regular intervals. Rental collections for the year have been in line with expectations. Reserves pollcy Ir is the policy of the Charity to maiiitain the general unrestricted fund5, excluding the Investment properties, at a level of£30,000 worth ofexpenditure in order to ensure all costs can be covered if any dedsion had to be made ro close the Charity at any time. The Trustees have also allocaLed £30,000 01 the unrestricted reserves as a property maintenance reserve should unexpected expenditur¢ b¢ Incurred, FUTURE PLANS Duriny the year ended 31 March 2025, the trustees have and will continue to look for further opportunitie5 to promote the educalion813nd tralnlr]8 support that can be offered, in connection with local universities and college5. Work wlth educational establlshments, the Ewelme Trusr and other relevant bodies will continue and the trustees have opened up discusslon5 wlth other institutions and schools throu8hJut the year. The pollcy followed by the trusteeswill be Inaccordance wlth the wordlng Blven in the last will and testament of Gwendoline Anderson deceased. RUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled byits governing document, a deed of trust and constitutes an unincurporated charity. Recrulrment and appolntment ofnew trustees The current trusLees are Nlck Morrison, Tracey Olsen, Rachel Hill and Alex Stanier. IrOY Langley, an origlnal trustee retired in May 2023 and wa5 replaced by Rachel Hill. All other tru.stees were appointed as flrsc trustees under ihe instructions of the late Mrs Olsen. The trust deed required that there be at least three trustees and thatall fiJture trustees must beappolnted bya re501utlon ofthe trustees passed at a special meeting. Inductlon and tralnlng of new trnstees On appointment to the Board, trustees receive a Copy of the trust deed and any amèndments made to it and a Copy of the charlty's latest report and 5tstement of accounts. Tralning is offered ro those trustees who fee.l they do not have the relevant experience. In the Selection of trustees, the trustee5 have regard to the 5ki115, knowledge and experience needed for the effective admlnlstration of the charity. Trustee ownershlp of charltable property The charity owns 12 properties. The title5 for all properties are registered at the Land Registry in the Darne ofthe trustees.
Gwendoline Anderson Charltable Tntst Reporr of the trustees (eondnued) For the yexr ended 31 Marth 2025 REFERENCE AND ADMINisf114TIVE DETAILS Registered Chartty number 1142570 Prlnclpal address Allan lanes 21-23 Easton Street High Wycombe BuckiDghamshire HPII INT Trustees Mr N Morrison Mr5 R HS11 Ms T 015en Mr A Stanler Accountants SafferyLLP St John's Court Easton Street High Wycornbe HPII IIX srATEMENT OF TRUSTEES, RESPONSIBILITIES The trustces are responsible for preparing the Report o( the Trustees and the financial statements in accordance wth applicable lawand United Kingdom Accounting Standards [Unlted Kingdom Generally Accepted Atcoundng Practice). The law applicable to charltles Sn England and Wales, the Charltie5 Act 2011, Charity (Account5 and Reports) Regulatlons 2008 and the provisions of the trust deed requires the trustees to prepare financidl statement5 for each finaiicial year which give a true and fair view of the state of aFFalrs of the charity and of the incoming resources and appllcation of resources, ii)cluding the incotne and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to select sultsble accounting policles and then apply them conslstently., observe the methods and principles in the Charity SO]IP,. make judgernents and estimate5 that are reasonable and prudent,. prepare the financlal statements on the going concern basis unless it Is inappropriate to presume that the charlty will Lontinue in btjsiness.
Gwendollne Anderson Charitable Trust Report of the trnstees (continued) For the year ended 31 March 2025 The trustees are responslble for keeping proper accounting records which disclose with reasonable accuracyat anytime the financial position ofthe charity and to enable them to ensure thatthe financial statements complywith the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions ofthe trust deed. Theyare also responslble for safeguarding the assets of the cliarity and hence for taking i'ea onable steps for the prevention and detection of Iraud and other trregularltles. Approved by er fthe oard oftruslees on i L r and signed on its behalf by: Mr N Morrison Trustee
Gwendollne Anderson Charltable Trnst Indepehdent examinevs reportto the trustees of Gwendollne Anderson Charltable Trust report to the trustees on my examination of the accounts of the Gwendoline Anderson Charitsble Trust (the Trust) for the year ended 31 March 2025. Respective Responslblllties of trustees and examiner As the charity trustees of the Tnjst you are respon51ble for the preparation of the accounts in accoi'dance with the requirements of the Charit5es Act 2011 ['the ACY), I report in respect of myexamiDatlon of the Trusvs accounts carr5ed out ut]der section 145 of the 2011 Act and in carrylng out my examination I have followed all the appllcable Directions glven by the Charlty Commlssion under section 145(5)(b) of the Act. Basls of Independent examlner's repurt My exarniuatlon was carried out in accordance with the general Directions given by the Chai'iry CLIEnmission. An examination includes a review of the accouiiting rècords kept by the charity and a comparison of the accounts presented with tliose recoi-ds. Italso includes consideration of any unusua items or disclDSures in the accounts, and seeking explanations from you as trustee5 concernlng any such matters. The procedures undertaken do not provide all the evidence thatwould be required in an dudit and consequently no Opinion is given 2S to whether the accounts present a 'true and lalr v5ew' and the report is limlted to those matters set out in the statement below. Independent examlner's statement have completed my examinatlon, I confirn) that no marerlal matters have come to my attenllon in connection with the examlnation giving me cause to belleve that In any material respect: accounting records were not kept in respect of the Trust a.s requli'ed by gection 130 of the Att,. or the accounts do not accord with those records., or the accounts do not complywith the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenr that the accounts give a 'trut and fair view, which Is not a matter Considered as part ofan independent examination, I have no concerns and have come across no other matters in connection with the examination towhlch attention should be drawn in this report in order to enable a proper understanding of the accounts t be reached. Shcryl Davis FCA For and on behalf of Saffery LLP St lohn's Court Easton Street High Wycombe Buckinghamshire HPII IIX Date.. 22 December 2025
Gwendollne Anderson Charttable Trust Statement of Ilnandal artlvltles Forthe yearended 31 March 2025 31 March 2025 31 Marth 2024 Unrestrlrted Unrestrlcted Funds Funds Notes Income and endowments fvom Investh]ent income 156,523 152,594 Other income 282 180 Expendlture on Raisin8 funds 87,437 38,415 Charltable actlvttles ProvSslon of grants to further educatlon 72,336 58,032 Total 159,773 97,047 Net galns on Snvestments Net Income {2,968) 55,727 Reconclllatlon of funds Total funds brought forward 4,089,107 4,033.380 Total funds carrled forward 4,086,139 4,089,107 The notes on pages 8 to 12 forni part of these ftnancial statements.
Gwendoline Anderson Charltable Trust Balance sheet For the year ended 31 March 2025 31 March 2025 31 March 2024 Unrestricted Unrestrirted Funds Funds Notes Flxed assets Investtnent property 4.002,OOU 4,002,000 Current assets Debrors 127.089 119,928 Credltors Amounts failSn8 due withln one year (29,360) (22,181) Net current assets 97,729 97,747 Total assets less current Ilabllldes 4.099,729 4,099,747 Credltors Amounts falling due after more than one year (13,S901 (10,640) Net assets 4,086,139 4,089,107 Funds Unrestricted funds io 4,086,139 4.089,107 Total funds 4,086,139 4,089,107 The notes on pages 8 to 12 form part ofthese financial statements. The flnancial statements were approved by the Board of Trustees and authorlsed for Issue on 1211Y2025 and were signed on its behalf by.. MrN Morr Trustee on
Gwendollne Anderson Charitable Trnst Notes to the financial statements For the year ended 31 March Z025 Statutory Informatlon Gwendoline Anderson Ch2ritsble Trust is an unincorporated charity registered in England and Wales. The addres5 of the charitie5 registered office 15 21-23 Faston Street, High Wycombe, Bucklnghamshire, HPII INT. The registered charity number 15 1142570. The principal activity of the charity is that of the promotlon of Vocdtional, hlgher, fiirther and unlversity educarfon and research for the benefit of persons living in Stokenchurch or the surrounding area of Buckinghamshire and Oxfordshire. The presentatlon currency of these fInanclal statements is Sterling (£). being the currency of the primary economic market Sn which the entity operates (its fijnctional currency). All amounts In these financlal statements have been rounded to the nearest pound unless Stated otherwtse. The slgnificanc accounting pollcles applied in the preparation ol these financial statements are set our below. These pollcles have been conslstently applied to all years presented unless therwisc $1gted. Accountlng pollcles Basls of preparing the flnanclal statements The financial StarneDts of rhe Charlty, whlch Is a publlc benefit entity under fRS 102, have been prepared In accordance with the Charitles SORP [FRS 102) 'AccouDtlng and Reporting by Charities.. Statement of ReLomrnended PrdLtiLe appllcable to charities preparing thelr accounts in accordance with Ihe Flnancial Reportlng Standard applicable In rhe UK and Republic of Ireland {fRS 1021 (effective I january 2019], Financlal Reporfing Standard 102 The Financlal ReportSng Standard applicable in the UK dnd Republic of Ireland, and the Charities Act 2011. The flnanclal statemÈntr have been prepared under the hlstorical cost convention, as modified by the revaluation of certaln assets. The trustees have reviewed projections aThd biidgets for the nexl twelve months. Following thi5 review. the dlrectors consider there to be little impact on the charity's ability to act as a guing concern. Income All donatitsn and legacy Income is recognised In the Statement of Financial Activities once the charity has entitlement to the fijnds, it is probable that the income will be recelved and the arnount can be measured reliably, Expejjdlture Liabilities are recogni5ed as expendlNre as soon as there Ss a legal or constnjctive obligation committing the charity to that expenditure. it Is probable that a transFer of economlc beneflts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for an accruals basis and has been classified under heading5 that aggregate all cost related to the category. Where costs c8nnotbe directlyattributed to particular headings they have been allocated to activities on a basis consistent with the use OF resources.
Gwendoline Anderson Charitable Trust Notes to the financial statements (conilnued) For the year ended 31 March 2025 Accounting poucies (contlnued) Grants payable Grants payable to thSrd partiesare wlthin the charitsble objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, a5 this gives rise to a reasonahle expectstlon that the reclplent will receive the grants. Where grarjts are ctsnditional relating to commencement of the course the grant is only accrued when thls condition is met. Investment property Investment properlies are properties which are held either to earn rental Income of for capltal appreciation or for both. Investrnent propertles are measured at cost upon initSal recognitlon. The initfial cost of the property comprlses of Its purchase prlce and any directly attributable expenditure. Subsequently, Itlvestment properry is measured at fair value at each reporting date with changes falr value recognlsed in the Sncome statemenc sn the perlod that they arise. No depreclatton Is provided respect of investment properties applying the fair value model. Jnvestment Income Investment incotne comprises of rentsl income accrued from the propertles during the year. Taxatlon The charity Ss exempt frorn tax on its charitable acdvSties. Fund accountSn8 Unrestrlcted funds can be used In accordance wilh the charitable obSertive5 of the Charity at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes wlthln rhe objectives of the charlty. Re5trirtions arise when specified by the donor or when funds are raised for particular restricted purposes. The charity currently only holds unrestricted funds. Investment Income 31 March Z025 31 March 2024 Rerhts received Interest received 155,579 944 151,672 922 156,523 152.594
Gwendoline Anderson ChaTStable Trust Notes to the flnandal statements (contlnued) For the year ended 31 Mareh 2025 Ratslng funds 31 March 2025 31 March 2024 Portfouo management Professlonal fee5 Property repairs Maintenance charges Rates and water Insurance 14,375 3,401 54,323 6,066 2,405 6,867 14,375 225 11,137 5,058 68 7,552 87,437 38.415 Trustees. remuneratfion, expenses ond beneflts There were no trustees, remuneratlon, expenses or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Investment property The falr value of Investment property held as at l Aprll 2025 was £4,002,000 (2024 £4,002,000). The trustees have given consideratlon to the property values atyear 31 March 2025 and deem it to be appropriately held. The last formal Valuation wa5 undertaken in March 2020 by Watersmeet Chartered Surveyors, who are not connected wlth the Charity, The valuation was made on an upen market value basls by reference to market evidence of tran5artlon prices for slmllar propertles. In respect of the f2xed assets stated at valuallons, the cornparable hlstorlcal cost values are as follows: 2025 2024 Historical cost 2,135,000 2.135,000 DebtorJ: Amounts falllng due withln one year 31 March 2025 31 March 2024 Trade debtors Other debtors 127.089 119,928 127,089 119,928 io
Gwendoline AJ]derson Charfitable Tnt Notes to the Ilnandal statements (continued) Forthe yearended 31 March 2025 Credltors: Amounts falllng due wlthln one year 31 March 2025 31 March 2024 Trade credltors Other credltors 1.731 20.450 29,360 29.360 22,181 Credltors: Amounts falling due after 31 March 2025 31 March 2024 Other creditors 13.590 10,640 io. Movement In funds At l Aprll 20Z4 Net rnovement In funds Transler between funds At 31 Murch 2025 Unrestrlcted funds General fuiid Investment property fund Property maintenance fund 57,107 4,002,000 30,000 (2,968) .54,139 4,002.000 30,000 Total funds 4,089,107 (2,968) 4,086,139 Net movement in funds, Included in the above are as follows: Incomlng Resources resources expended Galns and losses Movement In fund Unrestrlcted funds General fund Investment property fund Property maintenance (und 156.805 (159.773) (2,968) Total funds 156.805 (159.773) (2.968) li
GwendollThe Anderson Charitable Trust Notes to the financial statements (contlnued) Forthe yearended 31 March 2025 Comparatives for movement In funds At l Aprjl 2023 Net movement In funds Transfer between funds At 31 March 2024 Unre5trlcted funds General fund Investment property fund Property malntenance fund 1,380 4,002.000 30,000 55.727 57,107 4,002,000 30,000 Total funds 4,033,380 55,727 4,089,107 Comparative net movement in funds, Included In the above are as follows: Incoming Resources resources expended Galns and Movement losses In fund Unrestrlcted funds General fund Investment property fund Property maintenance fund 152,774 197,047} 55,727 Total funds 152,774 (97,0471 55,727 ii. Related party dlsclosures The Charlty was controlled throughout the current and prevlous year by the trusrees collectively. Thls is due to the factthatthe trustees have equal votlng rights atgeneral meetlngs, Mr N Morri50n and Mr A Sranler are partners of Allan lane5 LLP Sollcitors. a Ilmlted Ilablllty partnershSp registered In the UK. During the year costs of E17.72B (2024.. £14,654) were involced to the charity from Allan lanes LLP. The breakdown olwhich 15.. Z025 2024 Professional Trustee fees Trustee meetlngs Work in connection with grdnt appllcatlons Support provided to sludents Support and running costs 3,640 1,493 3,588 2.184 6,823 2,730 1,560 3,775 562 6,027 17.728 14,654 12