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← Gardiner Hill Foundation

2025-03-31-accounts

Registered number: 07804290 Charity number: 1146433

GARDINER HILL FOUNDATION

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

GARDINER HILL FOUNDATION

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2-5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8-9
Notes to the financial statements 10 -20

(A company limited by guarantee)

GARDINER HILL FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees G W Baker (resigned 17 April 2024)
NJ Coulbeck
PR Darby
D Grant-Lloyd
J
GE Hobson
C
E Keen (appointed 8 May 2024,resigned 11 June 2025)
J
KE Kinch
H M L Pearce (appointed 17 July 2025)
E J Lewington,Chair
Quickfall (resigned 17 April 2024)
L J Richards
KM J Teakle (resigned 21 April 2024)
E Walsh (resigned 11 June 2025)
L Wilson (resigned 30 September 2024)
A
R P Armstrong (appointed 11 June 2025)
Company registered
number 07804290
Charity registered
number 1146433
Registered office Navigo House
Brighowgate
Grimsby
North East Lincolnshire
DN32 0QE
Accountants Streets LLP
Chartered Accountants
Tower House
Lucy Tower Street
Lincoln
LN1 1XW
Bankers The Co-operative Bank pie
PO Box 101
1 Balloon Street
Manchester
M60 4EP

Page 1

GARDINER HILL FOUNDATION

(A company limited by guarantee)

TRUSTEES'REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report together with the financial statements of the charity for the year 1 April 2024 to 31 March 2025.

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The charity's objects are specifically restricted to the following: the advancement of health and the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage.

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

The trustees have a broad set of priorities for the charity. Whilst these priorities include Housing, Employment and Education the work of the charity is not limited to these areas and the charity will consider any application for support that meets its objects.

c. Activities undertaken to achieve objectives

Publishing information leaflets and other literature about the opportunity of applying for grants and passing information to vulnerable individuals via health professionals within NAViGO Health and Social Care CIC ("NAViGO"). The charity has a social media presence that it uses to raise awareness of its fund raising activities, the availability of support and to share anonymised stories of those who have benefitted from the charities' work.

The charity has an annual plan setting out a programme of fund raising activities that it aims to complete in order to secure additional funding for its work. The charity has a presence at local retailers and takes part in local events and promotions to widen knowledge and understanding of the work they do.

d. Grant-making policies

The charity invites grant applications from Navigo and Nurtrio service users and their carers. The charity also oversees the approval of grants from its restricted funds - these are funds where money has been donated to the charity to provide support within a particular part of Navigo's services. We also work with other local charities who will consider applications for individual service users where these have already been approved by Gardiner Hill.

The charity continually looks to expand publicity and marketing around the levels and types of grant available.

The charity sets an annual budget for the level of grants that can be made and reviews this in year in light of the success of individual fund raising initiatives.

Page 2

GARDINER HILL FOUNDATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

a. Main achievements of the charity

The use of the static caravan that was purchased several years ago has continued with the site being open for a full season.

The foundation has continued to receive loan repayments in the year from NAViGO in accordance with the terms of the loan agreement for the purchase of Grimsby Garden Centre. This loan repayment gives the charity an annual income stream and enabled the purchase of a Garden Centre which will significantly impact on Training, Education and Employment opportunities for Service Users as well as securing the long term financial sustainability of the charity.

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

b. Reserves policy

The charity has generated total incoming resources in the year of £47,396 (2024 - £63,271) being a mixture of grants and donations, income from fundraising activities and interest earned on the loan to NAViGO. Total expenditure in the year was £69,246 (2024 - £68,084) which includes total grants paid of £53,301 (2024 - £40,936).

Overall, net resouces expended for the year were £21,850 (2024 - net outgoing resources of £4,813) resulting in a decrease in total funds from £596,518 to £574,668. Of the total funds, £300,047 (2024 - £334,632) are for restricted purposes including Project for the Year of £191,989 (2024 - £198,950) and Gary Jordan Award for Nursing Bursaries of £75,000 (2024 - £106,000).

The charity has established and maintained a number of earmarked reserves to run alongside the general reserve. The charity is the chosen partner of NAViGO and as such when any bequests or donations are made to NAViGO services , these are passed directly to the charity. Where the donor has requested that the funds be used for a specific purpose, this is honoured by the charity and placed into earmarked reserves. These reserves can then only be utilised upon specific request.

c. Principal funding

The work of the charity is predominantly reliant on the income contribution made from NAViGO which has recognised the Gardiner Hill Foundation as their chosen charity.

Page 3

GARDINER HILL FOUNDATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

a. Constitution

Gardiner Hill Foundation is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 10 October 2011 as amended on 18 April 2023. The charity is also a registered charity with the charity registration number 1146433.

The charity takes its name from a local doctor, born in Louth, Lincolnshire who championed the rights of people with mental health problems in the 1800s. Dr Robert Gardiner Hill is widely credited with being the first superintendent of a small asylum to develop treatments which did not rely on mechanical restraint and coercion, something he finally achieved in 1838.

b. Methods of appointment or election of trustees

The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Memorandum of Association.

c. Organisational structure and decision-making policies

At the time of these accounts, the charity does not directly employ any staff.

The constitution of the charity board is listed within the terms of the Articles of Association, but for clarity in respect of the financial statements the trustees are:-

Trustees hold office for three years from the date of appointment at the end of which they shall be eligible for reappointment for one or more further three years each unless those persons appointed from NAViGO cease their NAViGO positions in which case they shall automatically cease to be a trustee.

Quorum necessary for the transaction of business of the trustees shall be three trustees. Questions arising at any trustees meeting shall be decided by a majority of votes. In the case of equality of votes the chairman of the meeting shall have a second or casting vote. Our Articles of Association were amended at a Trustees Meeting in 2023 to increase from two to four the number of people that could be appointed by Trustees from the local community or local commissioning. The Board of Trustees has also approved updated Standing Financial Instructions and approved a risk register.

d. Financial risk management

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 4

GARDINER HILL FOUNDATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

Over the next year, the charity wishes to continue awareness and fundraising work in the local community. It is important to the trustees that the charity becomes lasting testimony to the name of the Gardiner Hill family who have roots locally.

' The charity s priorities remain focussed on the advancement of health and the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage.

The trustees will continue to focus on both income generation and charitable grant awards, implementing our agreed annual plan. The charity will continue to ensure that all funding routes are explored for applications from our seNice users, an approach that has brought particular success over the last 18 months through NAViGO's close work with the local Council.

The charity continues to hold funds from donations made by NAViGO and looks forward to supporting new projects that NAViGO wishes to embark upon in future years. The charity also continues to hold funds donated by Navigo to support the education and training of staff seeking to qualify as a health professional. The charity will continue to work with NAViGO on the allocation of these funds to individual staff members.

Statement of trustees' responsibilities

The trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of trustees and signed on their behalf by:

E J Lewington (Chair of Trustees)

Date:18.12.2025

Page 5

(A company limited by guarantee)

GARDINER HILL FOUNDATION

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent examiner's report to the trustees of Gardiner Hill Foundation ('the charity')

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report.

Signed: Dated:

Robert Anderson BSc FCA

Streets LLP

Chartered Accountants Tower House Lucy Tower Street Lincoln LN1 1XW

Page 6

GARDINER HILL FOUNDATION

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
28,841
6,203
6,094
41,138
12,834
16,166
29,000
12,138
262,483
12,138
274,621		 Restricted
funds
2025
£
6,258		 Total
funds
Total
funds
2025
£
2024
£
35,099
32,134
6,203
24,942
6,094
6,195
6,258 47,396
63,271
40,246 12,834
23,727
56,412
44,357
40,246 69,246
68,084
(33,988) (21,850)
(4,813)
334,035
(33,988)		 596,518
601,331
(21,850)
(4,813)
300,047 574,668
596,518

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 20 form part of these financial statements.

Page 7

(A company limited by guarantee) REGISTERED NUMBER: 07804290

GARDINER HILL FOUNDATION

BALANCE SHEET AS AT 31 MARCH 2025

Current assets
Debtors:amounts falling due after more than
Note
one year
12
Debtors:amounts falling due within one year
12
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 157,834
7,583
426,108		 2025
£
574,668
574,668
574,668
574,668
300,047
274,621
574,668		 165,417
16,600
429,806		 2024
£
596,518
591,525
(16,857)		 611,823
(15,305)
596,518
596,518
596,518
334,035
262,483
596,518

Page 8

GARDINER HILL FOUNDATION

(A company limited by guarantee) REGISTERED NUMBER: 07804290

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:

E J Lewington

(Chair of Trustees)

Date:18.12.2025

The notes on pages 10 to 20 form part of these financial statements.

Page 9

(A company limited by guarantee)

GARDINER HILL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

Gardiner Hill Foundation (the charity) is a limited company by guarantee incorporated in England and Wales and a registered charity. The charity's registered office is at Navigo House, Brighowgate, Grimsby, North East Lincolnshire, DN32 0QE. The charity's principal activity is the undertaking of projects and giving of grants for the assistance of vulnerable people.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Gardiner Hill Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The charity has a single activity being the provision of assistance to vulnerable people.

Costs of generating funds are costs incurred in attracting voluntary income and those incurred in activities that raise funds.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the grant is paid on the grounds that the charity has no commitment until such time that the expense is incurred.

All expenditure is inclusive of irrecoverable VAT.

Page 10

GARDINER HILL FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

2.6 Cash at bank and in hand

Cash at bank and in hand represents the charity's current account facility and petty cash.

2.7 Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.8 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 11

GARDINER HILL FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

3. Income from donations and legacies

Donations
Grants
Total 2024		 Unrestricted
funds
2025
£
24,315
4,526
28,841
25,293		 Restricted
funds
2025
£
6,258
6,258
6,841		 Total
funds
2025
£
30,573
4,526
35,099
32,134		 Total
funds
2024
£
32,134
32,134

4. Income from other trading activities Income from fundraising events

Racecourse Partnership
Caravan Rental
Total 2024		 Unrestricted
funds
2025
£
715
5,488
6,203
24,942		 Total
funds
2025
£
715
5,488
6,203
24,942		 Total
funds
2024
£
18,160
6,782
24,942

Page 12

GARDINER HILL FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. Investment income

Bank interest
Investment income
Total 2024		 Unrestricted
funds
2025
£
160
5,934
6,094
6,195		 Total
funds
2025
£
160
5,934
6,094
6,195		 Total
funds
2024
£
6,195
6,195

6. Expenditure on raising funds

Costs of undertaking fundraising activities

Donation Website Subsciptions
Caravan Costs
Racecourse Partnership
Total 2024		 Unrestricted
funds
2025
£
356
12,478
12,834
23,727		 Total
funds
2025
£
356
12,478
12,834
23,727		 Total
funds
2024
£
216
9,401
14,110
23,727

Page 13

(A company limited by guarantee)

GARDINER HILL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Analysis of expenditure on charitable activities

Summary by fund type

Assistance for Vulnerable People
Total 2024
Analysis of expenditure by activities
Assistance for Vulnerable People
Total 2024
Analysis of support costs
Insurance
Printing
Advertising
Other Costs
Governance Costs		 Unrestricted
funds
2025
£
16,166
12,537
Grant
funding of
activities
2025
£
53,301
40,936		 Restricted
funds
2025
£
40,246
31,820
Support
costs
2025
£
3,111
3,421		 Total
2025
£
56,412
44,357
Total
funds
2025
£
56,412
44,357
Total
funds
2025
£
385
113
1,113
1,500
3,111		 £
Total
2024
44,357
Total
funds
2024
£
44,357
£
Total
funds
2024
799
31
500
705
1,386
3,421

8. Analysis of expenditure by activities

Page 14

GARDINER HILL FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. Analysis of grants

Grants to Grants to Total Total
Individuals funds funds
2025 2025 2024
£ £ £
Grants 53,301 53,301 40,936
Total 2024 40,936 40,936
Independent examiner's remuneration
2025 2024
£ £
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts 1,500 1,386
Trustees' remuneration and expenses
During the year,no trustees received any remuneration or other benefits_(2024_-£NIL).
During the year ended 31 March 2025,no trustee expenses have been incurred_(2024_-£NIL).
Debtors
2025 2024
£ £
Due after more than one year
Other debtors 157,834 165,417
2025 2024
£ £
Due within one year
Trade debtors 9,017
Other debtors 7,583 7,583
7,583 16,600

10. Independent examiner's remuneration

11. Trustees' remuneration and expenses

12. Debtors

Page 15

(A company limited by guarantee)

GARDINER HILL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income
Deferred income at 1 April
Amounts released from previous periods
Deferred income at 31 March		 2025
2024
£
£
431
14,388
14,388
2,469
486
16,857
15,305
2025
£
2024
£
200
1,435
(200)
(1,235)
200

At the year-end, the charity had received payments in advance for the rental of the caravan.

Page 16

(A company limited by guarantee)

GARDINER HILL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Statement of funds

Statement of funds - current year

Statement of funds - current year
Unrestricted Funds
General Funds
Restricted Funds
Donations
Project of the Year
Gary Jordan Award - Nurse Bursary
Total of Funds		 Balance at 1
April 2024
£
262,483
29,085
198,950
106,000
334,035
596,518		 Income
£
41,138
6,258
6,258
47,396		 Expenditure
£
(29,000)
(2,285)
(6,961)
(31,000)
(40,246)
(69,246)		 Balance at
31 March
2025
£

274,621
33,058
191,989
75,000
300,047
574,668

Unrestricted Funds:

General Funds:

General Funds represents resources which may be used towards meeting any of the objects of the charity at the discretion of the trustees. These have not been designated for particular purposes.

Restricted Funds:

Donations:

The charity has received a number of donations for which the donor has expressed a wish for the money to be spent on specific aspects of the charity's operations. The charity monitors the use of these donations to ensure the donors' wishes are met.

Project of the Year:

The charity has received donations from Navigo Health and Social Care CIC in support of a neuropsychiatry project of the year.

Gary Jordan Award - Nurse Bursary:

The charity received a donation from Navigo Health and Social Care CIC for the Gary Jordan Award to support the payment of nursing bursary payments.

Page 17

(A company limited by guarantee)

GARDINER HILL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted Funds
General Funds
Restricted Funds
Donations
Project of the Year
Gary Jordan Award - Nurse Bursary
Total of Funds		 Balance at
1 April 2023
£
242,317
23,514
200,000
135,500
359,014
601,331		 Income
£
56,430
6,841
6,841
63,271		 £
Balance at
31 March
Expenditure
2024
£
(36,264)
262,483
(1,270)
29,085
(1,050)
198,950
(29,500)
106,000
(31,820)
334,035
(68,084)
596,518

15. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2024
£
262,483
334,035
596,518		 Income
£
41,138
6,258
47,396		 £
Balance at
31 March
Expenditure
£
2025
(29,000)
274,621
(40,246)
300,047
(69,246)
574,668

Page 18

(A company limited by guarantee)

GARDINER HILL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Summary offunds (continued)

Summary of funds - prior year

Summary of funds - prior year
General funds
Restricted funds		 Balance at
1 April 2023
£
242,317
359,014
601,331		 Income
£
56,430
6,841
63,271		 Balance at
31 March
Expenditure
£
2024
£
(36,264)
262,483
(31,820)
334,035
(68,084)
596,518

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Analysis of net assets between funds - current year
Debtors due after more than one year
Current assets
Creditors due within one year
Total
Analysis of net assets between funds - prior year
Debtors due after more than one year
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2025
£
157,834
133,644
(16,857)		 Restricted
funds
2025
£
300,047

300,047
Restricted
funds
2024
£
334,035
334,035		 Total
funds
2025
£
157,834
433,691
(16,857)
574,668
Total
funds
2024
£
165,417
446,406
(15,305)
274,621
Unrestricted
funds
2024
£
165,417
112,371
(15,305)
262,483 596,518

Page 19

(A company limited by guarantee)

GARDINER HILL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Related party transactions

NAViGO Health & Social Care CIC (NAViGO)

Navigo is a company in which some of the trustees are directors.

During the year, NAViGO agreed donations to the charity of £10,000 (2024 - £19,017) of which £nil (2024 - £9,017) was outstanding at the year-end and included in trade debtors. In addition, the charity received loan interest from NAViGO of £5,934 (2024 - £6,195).

During a previous year, the charity made a loan to NAViGO. The total balance outstanding at the yearend is £165,417 (2024 - £173,000) which is included within other debtors due within one year and more than one year. The loan is secured, interest charged at 3.5% and is repayable in equal monthly installments.

During the year, the charity received net invoices from NAViGO for grants and other expenses incurred on its behalf totalling £5,142 (2024 - £7,132). At the balance sheet date, £nil (2024 - £211) was due to NAViGO which is included in trade creditors.

At the balance sheet date, recharges for grants and other expenses of £nil (2024 - £87) were outstanding which are included in accruals.

In addition, the charity is holding funds received on behalf of NAViGO of £12,198 (2024 - £12,198) which is included in other creditors.

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