GAMBLE CHAR ThABLE FOUNDATION TRUST GAMBLE CHARrrABLE FOUNDATION TRUST TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 CHARITY NUMBER: 1192179 INDEX Page 2 CharFty Informatlon Page 3-5 Trustees Report Page 6 Independent Examlner's Report Pa8e 7-8 Flnanclal Statements Page 9 Notes to Flnanclal Statements
GAMBLE CHARITABLE FOUNDATION TRUS[ CHARITY INFORMATION Trustees PJ Gamble R Dolllmore KM Gamble Reglstered Address Trethowans LLP Merchant House Vanguard Road Poole 8H15 IPH Charlty Number 1192179 Independent Examlner Saffery LLP Chartered Accountants Midland House 2 Poole Road Bournemouth BH2 5QY Sollcltors Trethowans LLP Merchant House Vanguard Road Poole BH15 IPH
GAMBLE CHARITABLE FOUNDATION TRUST TRUSTEES REPORT YEAR ENDED 30 SEPTEMBER 2023 The Trust The Trust wa5 estobllshed under a Deed of Trust dated 28 September 2020 and was entered into the Register of Charltles of the UK Charity Commisslon I'the Commlssion") on 5 November 2020 under registration number 1192179. The settlors on the Trust are Phllip Gamble and Kathleen Gamble from whom the Trust may accept and receivè donations. Under its constitution, the Trust is not allowed to accept and receive donatlons, grants, gifts or other consideration from any other party. Objects The oblect5 of the Trust are set out In the Deed of Trust referred to above and are summarlsed below: l The advancement of amateur sport in Sidmouth, Devon. 2 The advancement of the wall bein& care and relief of suffering of the elderly with life ending conditions. 3 The adyancement of research into the diagnosis and treatment of prostate cancer. 4 The advancement of the physlcal and mental care of former members of the Brltlsh Armed Forces, The Trust make5 grants and donations to charities and to other not-for-proflt organlsatlons in furtherance of Its objects and, as a consequence, for the publlc benefit. Activities of the Trust During the flnanclal year ended 30 September 2023, the Trust received a monetary donation from one of it5 settlors In the amount of £36,000 as reported in the Financial Statements accompanyingthis Report. In seeklng to meet the objects set out in the Deed of Trust, the trustees have Identlfied several beneficiaries which would benefit significantly from grants or donation5 made by the Trust. The trustees are Satisfied that the potentlal beneficiaries meet the crltbria set out in the Trust's constltutlon documents, in particular the objects clauses, and also the Commission's guldance on public beneflt. Accordingly, in January 2023 the Trust entered into an agreement to provide a grant in the amount of £60,000 to assist in supporting research being carried out by one of the
GAMBLE CHARITABLE FOUNDATION TRusr TRUSTEES REPORT (continued) YEAR ENDED 30 SEPTEMBER 2023 UK'S leading universities into the Improved diagnosls and treatment of prostate cancer. The grant is being made in three equal annual instalment5. One instalment of £20,000 was paid during the financial year and a further instalment subsequently. The trustees have also been in discussion with two care hosplcès about providing grants to support investments being made to irnprove the well being of patients and those being supported. This has resulted post year end in a grant of £15,254 belng made to one of the hospices providing in-h05pice care. Dlscussions are continuing with the other hospice whlch provide5 princlpally care in the communlty. Both are UK registered charities. The trustees are committed to expanding the list of those potential benoflclarles whlch are able to benefit under the Trust's objects. Publlc benefit In conducting its actlvltles, the trustees conslder and take Into account the Commi55ion'5 guidance on public benefit in assessing the appropriateness of any grants and donations to potentlal beneficiaries Flnanclal statements The Financlal Statements for the year ended 30 September 2023 have been prepared on receipts and payments basis in accordance wlth the Commlsslon's guldance. They have been the Subject of independent examlnatlon by Saffery LLP, chartered accountants, agaln in accordance with the Commission's guldance. During the financial year, the Trust recelved a donation of £36,0 (2022: £51,000} from one of Its settlors and slnce Its formatlon the Trust's total recelpts have amounted to £123,503 12022: £87,503), Including recovered gift aid. A further donation of £30,000 has been made to the Trust by one of the settlors after the financial year end. Expendlture durlng the financial year amounted to £24,527 (2022: £2,475) which included the grant of £20,000 referred to above, with the remainder being exclusively legal and accountancy fees. The legal fee5 were paid to the Trust's solicitors, Trethowans LLP in respect of legal work undertaken on behalf of the Trust. One of the trustees, Richard Dollimore. is a partner in Trethowans. Neither the trustees nor any other indlviduals received remuneration or expenses from the Trust. The surplus of receipts over payments in the year was £11,473 (2022: £65,028). The Trust's accumulated surplus at 30 September 2023 was £95,00112022: £83,528). Ofthat Sum, £55,254 was Set aside forthe Trust's
GAMBLE CHARITABLE FOUNDATION TRUST TRUSTEES REPORT (contlnued) YEAR ENDED 30 SEPTEMBER Z023 future grant commitments arising after the financial year end. Reserves policv Under its Reserves Policy, the Trust holds reserves to meet the funding requirements of future grants and donatlons approved by the trustees in accordance with its obleets and for the publlc beneflt. In addltion, the reserves at all tlmes wlll include sufflcient funds to meet mlnlmum of twelve months, antlcipated forward expenditure. The Trust makes and commlts to maklng grants and donatlons wlthin the funds that are held and whlch are not otherwise set aside for other grant commitments. The Trust has complied with this pollcy during the financlal year and has contlnued to do so subsequently. The donations received to date by the Trust from the settlors are unrestrlcted. Governance and management The Trust Is managed by its three trust8es, two of whom are the settlors, one belng chartered accountant, and the third trusteè bèing a practlsin8 solicitor. The trustees are responsible for all decision5 Sn accordance wlth the Trusvs constitution. They meet as required for that purpose and held three meetings duringthe year. On a day to day basls the Trust is managed by Phlllp Gamble. Advlce is sought from the Trust's solicitors and accountants as required. The trustees are currently looklng to develop a policy In relation to the recruitment of addltional trustees as part of successlon planning. In the medium term, the intentlon Is to recruit an additional trustee Ideally wlth flnancial experlence. The trustees duringthe year were Philip Gamble, Richard Dollimore and Kathleen Gamble. The registered address of the Trust Is Gamble Charitable Foundation Trust, clo Trethowans LLP, Merchants House, Vanguard Road, Poole, BH15 IPH This Report and the accompanylng Financlal Statements forthe year ended 30 September 2023 were approved at a meeting of trustees on 20 May 2024 and Phillp Gamble was auth to sign and submlt the Report on behalf of the Trustees at that meeting Philip Gamble Trustee
GAMBLE CHARITABLE FOUNDATION TRUST Independent Examinerfs Report to the Trustees of Gamble Charltable Foundatlon Trust I report to the trustees on my examination of the accounts of the Gamble Charitable Foundation Trust (the Trustl for the year ended 30 September 2023. Respertive responslbilities of trustees and examiner As the charity trustees of the Trust you are responsible for the preparatlon of the accounts In accordance with the requirements of the Charities Act 20111'the Act'l. I report In respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carryin8 Out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Basls of Independent examlnerfs report My examlnatlon wa5 carrled out In accordance with the general Direction5 glven by the Charlty Commlsslon. An examinatlon includes a review of the accounting records kept by the charity and a comparlson of the accounts presented with those records. It also includes consideratlon of anv unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any Such rnatter5. The procedures undertaken do not provide all the evidence that would be required Sn an audit and consequently no oplnlon Is glven as to whether the accounts present 'true and falr view, and the report is Ilmited to those matters set out In the statement below. Independent èxamlmrfs statement I have completed my examination. I confirm that no material matters have come to my attentlon In connection with the examination giving me cause to believe that in any material respect.. l. accounting records were not kept In respect of the Trust as requlred by section 130 of the Act. or 2. the accounts do not accord wfch those records. I have no concerns and have come across no other matters In connectlon wlth the examinatlon to which attention should be drawn In this report in order to enable a proper understandlng of the accounts to be reached. Signed: Name: Ca5idhe Baleri ACA CTA Address: Saffery LLP, Mldland House, 2 Poole Road, Bournemouth, BH2 5QY Date.. 22 May 2024
GAMBLE CHARITABLE FOUNDATION TRUST FINANCIAL STATEmE[s FQR THE YEAR ENDED 30 SEPTEMBER 2023 ASSETS AND UABILITIES 2023 2021 Current assets Cash at bank (Note 51 95,001 83,528 Net a$$ets 95,001 83,528 Represented by: Unrestricted accumulated funds (Note 61 95,001 83,528 Total funds 95,001 83,528 The attached notes form part of the Flnanclal Statements The Flnancial Statements were approved by the trustees at a meeting of the Trust held on 20 May 2024 and are 518ned on their behalf by: Phlllp Gamble Trust¢e
GAMBLE CHARITABLE FOUNDATION TRusr FINANCIAL STATEMENT5 FOR THE YEAR ENDED 30 SEPTEMBER 2023 RECEIPTS AND PAYMENTS ACCOUNT 2023 2022 Recelpts Grants from settlor5 (Note 3) Giftaid 36,000 51,000 16,503 Total recelpts 36,000 67,503 Payments Grants made (Note 4) Professlonal fees 20,000 4,527 2,475 Total payments 24,527 2,475 Surplus of recelpts over payments In the year 11,473 65,028 Total funds as at 30 September 2022 83,528 18,500 Total funds as at 30 September 2023 95,001 83,528
GAMBLE CHARITABLE FOUNDATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEWtEMBER 2023 I srATUTORY INFORMATION The Charity 15 registered with the Charity Commission for England and Wales with the charity number 1195179. It is also recognised by HM Revenue & Custom5 a5 a charity for tax purposes. The objects of the Charity are set out in a De¢laration of Trust dated 28 September 2020, a copy of which has been provided to the Charlty Commission. The Charity fTles its Flnancial Statement5, Annual Return and Annual Report wlth the Charity Commlsslon. 2 BAS15 OF PREPARATION The Financial Statgments have been prepared adopting a recelpts and payments basls of accountlng. 3 GRANTS RECEIVED FROM 5EThLORS Grants received bythe Charity duringthe flnancial year were donated by PJ Gamble. The Charity does not accept grants and donations frorn members of the public or from any party other than PJ Gamble and Mrs KM Gamble, both of whom are Trustees. 4 GRANTS MADE The Charlty only makes Grants in accordance wlth the objects Set out in Its Declaratlon of Trust. During the financial year, the Charlty made a 8rant of £20,00012022', £0) for the benefit of research into the Improved diagnosls and treatrnent of prostate cancer. 5 CASH AT BANK The Charity held all its cash at bank with Barclays Bank PLC. 6 ACCUMULATED FUNDS The Accumulated Funds stated in the Financial Statements were held as unrestrlcted funds only, 7 EMPLOYEES AND TRUSTEES The Charity had no employees at anytime duringthe financial year ended 30 September 202312022: None). The Charity ha5 three Trustees, none of whom receives remuneration or expenses from the Charity.