The Gallagher Trust (Registered charity, number 1166364) Financial statements for the year ended 31 May 2023
| Page | Contents |
|---|---|
| 2 - 3 | Trustees’ annual report |
| 4 | Receipts & payments account |
| 5 | Statement of assets & liabilities |
| 6 | Notes to the accounts |
The Gallagher Trust Trustees’ annual report for the year ended 31 May 2023
Full name The Gallagher Trust
Other names by which the charity is known TGT
Organisation type Charitable incorporated organisation
Registered charity number 1166364
Principal address
Lavender House, 98 Melton Lane, Sutton Bonington, Leicestershire, LE12 5RQ
Trustees
Sharon Gadsby Gallagher, Chair Steven Dennis Gallagher Professor Panayotis Vostanis
Governance and management
The charity is operated under the rules of its constitution adopted 05/04/16.
The charity has a Board of three Trustees who have all worked on our programmes out in Rwanda and have extensive knowledge of the work carried out over the past eight years working with vulnerable and orphaned young people. Panayotis Vostanis is Professor of Child Psychiatry at Leicester University specialising in trauma and abuse cases. This is particularly important as many of our vulnerable family members are survivors of the 1994 genocide. All Trustees give freely of their time and no remuneration was paid in the year ending 31/05/23.
We have no plans to recruit any more Trustees at this time.
Objectives and activities
To relieve the needs of children, young people and others with special educational needs and physical and/or mental disabilities, primarily but not exclusively in Rwanda by provision of housing, full time carers, food, clothing and medical support. Additionally, to support Ubumwe Community Centre (UCC) to provide daily recreational activities, skills training and sport.
Public benefit statement
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
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The Gallagher Trust
Summary of the main activities undertaken for the public benefit
The charity looks to relieve poverty, sickness, homelessness and distress to the vulnerable that had once been shunned and abandoned.
Summary of the main achievements during the period
We did not receive any financial support during this financial period. Therefore, we were not able to operate our programme or carry out any activities.
Financial review
We have not received any further financial support and our balance has dropped to £36.07 at the end of this financial period.
The charity’s policy on reserves
In view of the current financial situation, we now have no reserves and no immediate hope of generating any.
Financial risks
At this time, we have no funding and our programme is suspended.
Signed on behalf of the charity’s trustees:
Signed ______ Date _ Sharon Gadsby Gallagher, Trustee
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The Gallagher Trust Receipts & payments account for the year ended 31 May 2023
| 2022 £ Note Receipts 4492 Grants & donations 2 4492 Total receipts Payments 86 Bank charges 118 General expenses 6240 Grants/donations made 3 900 Independent examination 66 Legal & professional 7410 Total payments (2918) Net receipts/(payments) 3013 Cash funds at start of this period 95 Cash funds at end of this period |
2023 £ 1360 |
|---|---|
| 1360 | |
| 25 104 630 660 - |
|
| 1419 | |
| (59) 95 |
|
| 36 |
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The Gallagher Trust Statement of assets and liabilities at 31 May 2023
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2022 2023
£ Cash assets Note £
95 Bank accounts 36
95 36
Assets retained for the charity’s own use
General equipment.
Liabilities
(660) Annual accounts fee (360)
(660) (360)
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These financial statements are accepted on behalf of the charity by:
Signed _____ Dated _____ Steven Dennis Gallagher, Trustee
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The Gallagher Trust Notes to the accounts for the year ended 31 May 2023
1. Receipts & payments accounts
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
2. Grants & donations
£
Sundry donations 1360 1360
3. Donations made
During the year, a total of £630 was donated towards the school fees of an exresident of the project.
4. House purchase
Local laws in Rwanda do not allow foreign nationals to own property; as such a house was purchased in 2019 in the name of Theophile Nzabahimana, the Country Director of the local NGO, Gallagher Tubiteho, for the charity’s use.
5. Trustees’ remuneration
Trustees received no expenses, remuneration or benefits in this period.
6. Glossary of terms
Creditors: These are amounts owed by the charity, but not paid during the accounting period.
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