## **The Gallagher Trust** (Registered charity, number 1166364) **Financial statements for the year ended 30 November 2024**
|**Page**|**Contents**|
|---|---|
|2 - 4|Trustees’ annual report|
|5|Receipts & payments account|
|6|Statement of assets & liabilities|
|7|Notes to the accounts|
## **The Gallagher Trust Trustees’ annual report for the year ended 30 November 2024**
**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 period ending 30[th] November 2024.
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.
## **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 aims to provide support to persons with learning and physical disabilities who are living in financial hardship in the community with foster or adoptive parents. It aims to help with clothing, food, education and recreation to those who would not be able to support themselves in the community without additional aid.
The charity looks to relieve poverty, sickness, homelessness and distress to the vulnerable that had once been shunned and abandoned. Now they are living with dignity and respect and have become part of their local community which has improved their lives and that of society as a whole.
## **Summary of the main achievements during the period**
Our main programme has remained closed since around October 2021 and we have not received funds from donors to support our work during this financial period. Our main asset was our house which was purchased in Gisenyi in 2019 by our charity but remained empty in the hope that it may be needed if the programme could be resurrected. Therefore, we did not have any funds to generate any activities in Rwanda.
In May of 2023 the house was put up for sale and was eventually sold in August 2023 for 40,500,000 RWF.
From 4th August 2023 – 4th March 2024 a total of 8,140,000 RWF was used by Gallagher Tubiteho – the local Charity in Rwanda which we support and donate our funds to and who had previously been running our Community Based Living Programme. The money was used to support people with physical and learning disabilities who are now living with foster families and adopted families in the community.
In October 2023, our country Director, My Theophile Nzabahbimana, was involved in a serious car accident resulting in months of hospital treatment and physiotherapy at King Faisal Hospital in Kigali, Rwanda. Funds were also used to support his rehabilitation and recovery during the months that he was unable to work. Two lists of activities and expenditure during this time have been submitted by My Nzabahimana.
In March 2024, the remaining funds of 32,360,000 RWF were divided with 4,360,000 RWF remaining in the account of Gallagher Tubiteho and 28,000,000 RWF being paid into the Gallagher Trust account in Kigali, Rwanda.
This decision was made whilst the charity considered what would be the best way forward for future programmes and how best to support the vulnerable and physically/mentally disabled in Rwanda in the long-term.
During the remainder of our financial year we only made one donation to Gallagher Tubiteho of 2,000,000 RWF in September 2024. No other donations or gifts were made and we ended our financial year with a total of 25,989,3298 RWF in our Bank of Kigali account.
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## **The Gallagher Trust**
## **Financial review**
During this financial period, we received only one donation into our UK Barclays account and ended the year with a total of £297 balance. We did not send any money out to Rwanda.
Our charity account at the Bank of Kigali remains with a balance of 25,989,329 RWF. We do not expect to receive any further donations for the foreseeable future.
**The charity’s policy on reserves**
We do not intend to hold reserves at this time and are committed to managing the funds carefully until our financial situation changes.
## **Financial risks**
At this time our programme is suspended and we do not have any donors or fundraising. We are managing our funds sensitively until further notice.
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 30 November 2024**
|_2023_||||**_2024_**|
|---|---|---|---|---|
||||**_(18 months)_**||
|£||**Note**||**£**|
||**Receipts**||||
|1360|Grants & donations|**2**||277|
|-|House sale|||16005|
|1360|**Total receipts**|||**16282**|
||**Payments**||||
|25|Bank charges|||20|
|104|General expenses|||1|
|630|Grants/donations made|||1145|
|660|Independent examination|||-|
|1419|**Total payments**|||**1166**|
|(59)|**Net receipts/(payments)**|||**15116**|
|95|Cash funds at start of this period|||36|
|36|**Cash funds at end of this**|**period**||**15152**|
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## **The Gallagher Trust Statement of assets and liabilities at 30 November 2024**
**----- Start of picture text -----**
2023 2024
£ Cash assets £
36 Bank accounts 15152
36 15152
Assets retained for the charity’s own use
General equipment.
Liabilities
(360) Creditor - annual accounts fee (462)
(360) (462)
**----- End of picture text -----**
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 30 November 2024**
## **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 277 **277**
## **3. Trustees’ remuneration**
Trustees received no expenses, remuneration or benefits in this period.
**4. Glossary of terms**
**Creditors:** These are amounts owed by the charity, but not paid during the accounting period.
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