2022-09-03-accounts - The Gninwod Trust

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 04 September 2021 To 03 September 2022

Section A Reference and administration details

Charity name The Gninwod Trust

Other names charity is known by Registered charity number (if any) 1186982

Charity's principal address Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol Postcode BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Simon Richard Downing	Settlor
	Anne Williams	Settlor
	Ludlow Trust CompanyLimited

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)

TAR

March 2012

Type of adviser Name Address	Type of adviser Name Address	Type of adviser Name Address
Solicitors	TLT LLP	One Redcliff Street, Bristol BS1 6TP
Independent Examiner	Geoffrey Frost	Blue Spire Limited, Cawley Priory, South Pallant, Chichester, West Sussex, PO19 1SY

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Trust deed dated 3 September 2019 Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted (eg. trust, association, company) Trustees are appointed the settlors or the survivor of them during their Trustee selection methods lifetimes after which time trustees may be appointed by the trustees from (eg. appointed by, elected by) time to time.

(eg. trust, association, company)

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.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The objects of the trust are to apply the income, all or such part or parts of the capital, at such time of times and in such manner to, or for the benefit of such charities or such exclusively charitable purposes according to the law of England and Wales in any part of the world as the trustees may in their absolute discretion think fit.

TAR

March 2012

In furtherance of the charity’s objects for the public benefit the trustees provides grants. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

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

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

TAR

March 2012

Section D Achievements and performance

Summary of the main During the year under review the charity made 3 grant awards totalling achievements of the charity £37,500. during the year

TAR

March 2012

Section E Financial review

Brief statement of the

charity’s policy on reserves

At the end of the reporting period the charity had free reserves amounting to £556 (2021: £556).

In addition to the free reserves the charity has £910,467 (2021: £578,854) within the expendable endowment fund which can be released to support the activities of the charity.

The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives, as well as covering future needs, opportunities, contingencies and risks.

Details of any funds materially

in deficit

Further financial review details (Optional information)

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;
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)[Stuart Robinson ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date 27 June 2023

TAR

March 2012

Charity Name			No (if any)
The Gninwod Trust			1186982
Receipts andpayments accounts				CC16a
For the period from	Period start date 04 September 2021	To	Period end date 03 September 2022

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ - - - - - - - - - - - - - 37,500 - 6,024 - - - - - - 43,524 - - - 43,524 (43,524) 43,524 556 556	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ 300,000 75,000 - - - - - - 375,000 - - - 375,000 - (137) - - - - - - - (137) - - - (137) 375,137 (43,524) 578,854 910,467	Total funds to the nearest £ 300,000 75,000 - - - - - - 375,000 - - - 375,000 37,500 (137) 6,024 - - - - - - 43,387 - - - 43,387 331,613	Last year to the nearest £
Donation from settlor	-				150,000
Gift Aid	-				37,500
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	-				187,500

A2 Asset and investment sales, (see table).
	-				-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					187,500

Grants awarded	37,500				-
Bank fees	-				4,577
Ludlow admin fees	6,024				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	43,524				4,577

A4 Asset and investment purchases, (see table)
Investmentpurchases	-				-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					4,577

	(43,524)	-	375,137	331,613	182,923
	43,524	-	(43,524)	-	-
	556	-	578,854	579,410	396,487
	556	-	910,467	911,023	579,410

CCXX R6 accounts (SS)

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B4 Assets retained for the charity’s own use B3 Investment assets B2 Other monetary assets B1 Cash funds	Signature Independent examination Ludlow admin fees Details Details Details Details (agree balances with receipts and payments account(s)) Details Capital account Reserve account Income account *Total cash funds*	Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - 556 - 556 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - Fund to which asset belongs Cost (optional) - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) Unrestricted 780 Unrestricted 1,315 - - - Print Name Stuart Robinson On behalf of Ludlow Trust Company Limited	Endowment funds to nearest £
			910,467
			-
			-
			910,467
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
			27 June 2023

CCXX R7 accounts (SS)

Section C Notes to the Accounts

Section C Notes to the	Accounts	Accounts
C2 Grants to institutions C3 Related party transactions C1 Nature and purpose of funds(may be stated on analysis of funds worksheets)	Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charityand which have not been designated for otherpurposes. Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity's objectives.
	Recipient One grant payment unless indicated Bookmark Reading Charity International Spinal Research Trust War Child	£ 25,000 2,500 10,000
		37,500

	No trustee received any remuneration nor reimbiursed any expenses in the year under review. Ludlow Trust Company Limited, a trustee of the charity, was paid fees of £6,024 for administrative services. These fees are authorised under clause 6 of the trust deed.

CCXX R8 accounts (SS)

Independent Examiner's Report to the Trustees of The Gninwod Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 3 September 2022 as set out on pages 6 to 8.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

27 June 2023

Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY