## **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 - (eg. trust, association, company) Trustee selection methods Appointed By - (eg. appointed by, elected 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. - 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. ## **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: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## 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: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; 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. - 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** **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