||**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**for theperiod**|**for theperiod**|**for theperiod**| |---|---|---|---|---|---|---|---|---| ||**From**|Period start date|||**to**|Period end date||| |||01|04|2022||31|03|2023| ## Section A Reference and administration details **Charity name** Gale Foundation Trust CIO **Other names charity is known by** N/A **Registered charity number (if any)** 1163908 **Charity's principal address** Unit C Citrus House 602 Wimborne Road Bournemouth, Dorset **Postcode BH9 2EN** ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Richard John Gale|||| ||Bryan John Hoile|||| ||Thomas Baker|||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** **Name of chief executive or names of senior staff members (Optional information)** March **2012** **TAR** 1 ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** - Type of governing document (eg. trust deed, constitution) - How the charity is constituted (eg. trust, association, company) Constitution CIO Edward Gale, Kathleen Gale & Richard Gale collectively founded the Trustee selection methods charity. Bryan Hoile was asked by them to become a fourth trustee. As Mr (eg. appointed by, elected by) & Mrs Gale passed, Richard Gale & Bryan Hoile asked Thomas Baker to join them as Trustee. ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. Probate for The Estate of Kathleen Gale is nearing completion and in readiness the properties at Bridgewater have been transferred into the trust’s name and became an asset of The Gale Foundation Trust CIO 26[th] September 2022. Although the property became an asset of the charity on this date, due to probate not being finalised rent was collected by the then Freeholders Estate. Rent received for the period between Kathleen Gale and The Gale Foundation Trust will be returned to the Charity in due course. The value of these properties (Units 4 & 10, 6-8 Monmouth Street & Units 5-7 at the corner of Monmouth Street, Bridgewater) on the date of transfer was £155,000.00. This amount has been allowed for within the accounts as a donation. It is the intention of the Charity to retain the properties and gain rental income to enable us to further fulfil our objectives. - Probate is still ongoing, with more funds to be received by the Charity once finalised. ## **Section C Objectives and activities** The objectives of the CIO is to further such charitable purposes as the charity trustees if their discretion think fit in particular by providing financial support to those purposes. **Summary of the objects of the charity set out in its governing document Summary of the main activities** Once again, we have supported charities & organisations that help **undertaken for the public** disadvantaged children, details of the support can be found in Section D. **benefit in relation to these objects (include within this** The Trustees, in making such donations, confirm that they have complied **section the statutory** with the duty in section 17 (5) of the Charities Act 2011 with regard to **declaration that trustees have** public benefit guidance published by the commission. **had regard to the guidance issued by the Charity Commission on public benefit)** **Additional details of objectives and activities (Optional information)** March **2012** **TAR** 2 You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance **Summary of the main achievements of the charity during the year** As stated in Section C & in previous years the charity has made a substantial donation towards Wave 105’s Mission Christmas Appeal, this year was no different with the Charity providing 1622 toys for the less fortunate along the South Coast and spending £7760. With the turmoil in Ukraine and Afghanistan, it was agreed a total of £15,000 would be donated to Save the Children to support their efforts in these countries. Again as last year the charity has supported Christmas 4 Kids, who perform a touring puppet show in children’s hospices throughout the UK during the month of December. Total donation for this £2,000.00. The final donation was providing sports T-Shirts to the Poole Town Kid’s Initiative, promoting sports to Children in Poole and the surrounding area, enabling children of all backgrounds the opportunity to play Football and other sports. ## **Section E Financial review** As at the 31/03/2023 the charity held £28,933 within its bank accounts. At **Brief statement of the** present the charity has minimal overheads and a low level of activity. The **charity’s policy on reserves** Charity has gained an investment property which it intends to retain and collect rent from such property in order to achieve regular income to help support the Charity with its objectives. It is not considered necessary for reserves therefore to be held save to pay very occasional day-to-day expenses of running the charity. **Details of any funds materially** None **in deficit** ## **Further financial review details (Optional information)** As disclosed in Section C, the properties that were gifted to the Charity You **may choose** to include by Kathleen Gale have now been transferred to us with any rent collected additional information, where from these dates due to be transferred to the charity in the coming relevant about: financial year.  the charity’s principal sources of funds (including It is the aim of the Charity to invest the funds once they come through in any fundraising); income generating investments to allow the charity to expand its March **2012** **TAR** 3 - how expenditure has supported the key objectives of the charity; charitable causes and donations. - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** ## **Section G Declaration** ## **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s) Position (eg Secretary, Chair, etc) Date** March **2012** **TAR** 4 **Charity Name No (if any)** The Gale Foundation Trust CIO 1163908 **Receipts and payments accounts** ## **CC16a** Period start date Period end date **For the period from To** 4/1/2022 3/31/2023 ## **Section A Receipts and payments** **Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £** ## **A1 Receipts** |**A1 Receipts**||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Bank refund on charges||**-**||**-**||**-**||**-**|||**121**|| |Cash donation||**13,675**||**-**||**-**||**13,675**|||**5,405**|| |HMRC Gift Aid||**2,528**||**-**||**-**||**2,528**|||**5,002**|| |Corporate Donations(amazon)||**22**||**-**||**-**||**22**||**-**||| |Corporate Donations(EasyFundarising)||**109**||**-**||**-**||**109**|||**-**|| |||**-**||**-**||**-**||**-**|||**-**|| |||**-**||**-**||**-**||**-**|||**-**|| |||**-**||**-**||**-**||**-**|||**-**|| |**_Sub total_**_(Gross income for AR)_||**16,334**||**-**||**-**||**16,334**|||**10,528**|| |||||||||||||| |**A2 Asset and investment sales,**||||||||||||| |**(see table).**||||||||||||| |||**-**||**-**||**-**||**-**||||| |||**-**||**-**||**-**||**-**|||**-**|| |**_Sub total_**||**-**||**-**||**-**||**-**|||**-**|| |||||||||||||| |**_Total receipts_ **||**16,334**||**-**||**-**||**16,334**|||**10,528**|| |**A3 Payments**||||||||||||| |Cash Donations||**17,000**||**-**||**-**||**17,000**|||**2,500**|| |Gift Donations(toys bought for appeal)||**9,755**||**-**||**-**||**9,755**|||**14,202**|| |Legal Fees||**-**||**-**||**-**||**-**|||**-**|| |Bank Charges||**180**||||||**180**|||**166**|| |||||||||||||| |**_Sub total_ **||**26,935**||**-**||**-**||**26,935**|||**16,869**|| |||||||||||||| |**A4 Asset and investment**||||||||||||| |**purchases, (see table)**||||||||||||| |||**-**||**-**||**-**||**-**||||| |||**-**||**-**||**-**||**-**||||| |**_Sub total_ **||**-**||**-**||**-**||**-**|||**-**|| |||||||||||||| |**_Total payments_ **||**26,935**||**-**||**-**||**26,935**|||**16,869**|| |||||||||||||| |**_Net of receipts/(payments)_ **||**- 10,601**||**-**||**-**||**- 10,601**||**-**|**6,341**|| |**A5 Transfers between funds**||**-**||**-**||**-**||**-**|||**-**|| |**A6 Cash funds last year end**||**39,534**||**-**||**-**||**39,534**|||**45,875**|| |**_Cash funds this year end_ **||**28,933**||**-**||**-**||**28,933**|||**39,534**|| CCXX R1 accounts (SS) 01/19/2024 1 |**Section B Statement of assets and liabilities at the**|**Section B Statement of assets and liabilities at the**|**end of the period**|| |---|---|---|---| |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on behalf
of all the trustees|**Details**
Remaining funds in account
**Details**
**Details**
**Details**
**Details**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
6-8 Monmouth Street, Bridgewater, Somerset.
Donated 26/09/2022|**to nearest £**
**to nearest £**
**28,933**
**-**
**-**
**-**
**-**
**-**
**28,933**
**-**
OK
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**Unrestricted funds**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**155,000**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||Date of
approval| ||||| ||||| CCXX R2 accounts (SS) 01/19/2024 2