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2024-03-31-accounts

Trustees' Annual Report for the period

Period start date Period start date Period end date Period end date
01 04 2023 31 03 2024
to
01 04 2023 31 03 2024
From to

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

Gale Foundation Trust CIO

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)

TAR

March 2012

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

Constitution CIO - Trust

Trustee selection methods

Appointed By

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Whilst probate is still ongoing, the Trust has been receiving rent for the property of which it was left and discussions have been had to prepare the Trust for its growth upon receipt of the funds due to us.

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 Once again, we have supported charities & organisations that help activities undertaken for the disadvantaged children, details of the support can be found in Section D. public benefit in relation to these objects (include within The Trustees, in making such donations, confirm that they have complied this 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)

TAR

March 2012

2

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

In previous years the charity has made a substantial donation towards Wave Summary of the main 105’s Mission Christmas Appeal, this year was no different with the Charity achievements of the charity providing 2535 toys for the less fortunate along the South Coast at an estimated during the year value of £36,18.00. Actual cost to the GFT was £11,906 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.

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)

TAR

March 2012

3

You may choose to include additional information, where relevant about:

As disclosed in Section C, the properties that were gifted to the Charity by Kathleen Gale have now been transferred to us with any rent collected from these dates due to be transferred to the charity in the coming financial year.

It is the aim of the Charity to invest the funds once they come through in income generating investments to allow the charity to expand its charitable causes and donations.

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

TAR

March 2012

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 01/04/2023 31/03/2024

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

Bank refund on charges - - - - -
Cash donation 2,000 - - 2,000 13,675
HMRC Gift Aid - - - - 2,528
Corporate Donations(amazon) 23 - - 23 22
Corporate Donations(EasyFundarising) 82 - - 82 109
- - - - -
- - - - -
- - - - -
Sub total(Gross income for AR) 2,105 - - 2,105 16,334
Bank refund on charges - - - - -
Cash donation 2,000 - - 2,000 13,675
HMRC Gift Aid - - - - 2,528
Corporate Donations(amazon) 23 - - 23 22
Corporate Donations(EasyFundarising) 82 - - 82 109
- - - - -
- - - - -
- - - - -
Sub total(Gross income for AR) 2,105 - - 2,105 16,334
A2 Asset and investment sales,
(see table).		 12,308
-
12,308
14,413
2,209
11,906
-
180
270
739		 -
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-		 12,308
-
12,308
14,413
2,209
11,906
-
180
270
739
Rental Income 12,308
- -
Sub total 12,308 -
Total receipts
A3 Payments
16,334
Cash Donations 2,209 17,000
Gift Donations(toys bought for appeal) 11,906 9,755
Legal Fees - -
Bank Charges 180 180
PropertyRepairs 270
PropertyManagement 739 -
**Sub total **
15,303 - - 15,303 26,935
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
**Sub total ** - - - - -
Total payments 15,303 - - 15,303 26,935
Net of receipts/(payments) - 890 - - - 890 - 10,601
A5 Transfers between funds - - - - -
A6 Cash funds last year end 28,933 - - 28,933 39,534
Cash funds this year end 28,043 - - 28,043 28,933

CCXX R1 accounts (SS)

01/10/2024

1

Section B Statement of assets and liabilities at the Section B Statement of assets and liabilities at the end of the period
Categories
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
h
it ’
B5 Liabilities
Signed by one or two trustees on behalf
of all the trustees
B1 Cash funds		 Details
6-8 Monmouth Street, Bridgewater, Somerset
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Remaining funds in account
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
28,043
-
-
-
-
-
28,043
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Unrestricted funds
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
Print Name		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
Current value
(optional)
-
-
-
Current value
(optional)
-
-
-
-
When due
(optional)
Date of
approval

CCXX R2 accounts (SS)

01/10/2024

2