| Trustees' Annual Report | for theperiod | ||||||
| From | Period start date | To | Period end date | ||||
| Day 13 |
Month Jan |
Year 2022 |
Day 13 |
Month Jan |
Year 2023 |
Section A Reference and administration details
The NEW GAP Charitable trust
Charity name Other names charity is known by Registered charity number (if any) 1198514
TLT Solicitors One Redcliff Street Bristol Postcode BS1 6TP
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 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Glenda Marilyn Davis |
Settlor/ Trustee | |||
| Dr Paul James Davis |
Settlor/Trustee | |||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
March 2012
TAR 80084574.1
1
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Investment Manager | Coutts & Co | 440The Strand, London, WC2R 0QS |
| Bankers | Coutts & Co | 440 The Strand, London WC2 R 0QS |
| Solicitors | TLT LLP | One Redcliff Street, Bristol BS1 6TP |
| Independent Examiner | Geoffrey Frost | Blue Spire Limited, Crawley Priory, South Pallant, Chichester, West Sussex PO18 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 13 January 2022 Type of governing document
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Trustees are appointed by the settlors or the survivor of them during their Trustee selection methods lifetime and subject to this the trustees from time to time. (eg. appointed by, elected by)
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.
March 2012
TAR 80084574.1
2
Section C Objectives and activities
The objects of the Trust are to further apply the income, and all or such part or parts of the capital, at such time or times and in such manner to, or for the benefit of such charities or such exclusively charitable purposes Summary of the objects of the according to the laws of England and Wales in any part of the world as charity set out in its the trustees may in their discretion think fit. governing document
Summary of the main In furtherance of the charity’s objects for the public benefit the trustees activities undertaken for the provide grants. In determining the charity’s activities, the trustees have public benefit in relation to had regard to the Charity Commission’s guidance on public benefit. 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.
Section D Achievements and performance
During the year under review the charity made 2 grant awards totalling Summary of the main £26,040.00. achievements of the charity during the year
Section E Financial review
At the end of the reporting period the charity has cash balances Brief statement of the of £70,212 and investments with a value of £397,939 within the charity’s policy on reserves expendable endowment fund which can be released to support the activities of the charity.
Details of any funds materially in deficit
Further financial review details (Optional information)
March 2012
TAR 80084574.1
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;
-
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) Paul James Davis Position (eg Secretary, Chair, Trustee etc)
Date
March 2012
TAR 80084574.1
4
Charity Name No (if any) The NEW GAP Charitable trust 1198514 Receipts and payments accounts CC16a For the period Period start date Period end date To from 13-Jan-22 13-Jan-23
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | ||||||
| to the nearest | £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | ||||||||||
| Addition to Trust | - | - | 500,000 | 500,000 | - | |||||
| Bank Interest | 31 | - | 31 | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - |
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ - 31 - - - - - - |
Restricted funds to the nearest £ - - - - - - - - |
Endowment funds to the nearest £ 500,000 - - - - - - |
Total funds to the nearest £ 500,000 31 - - - - - - |
Last year to the nearest £ |
|
| Addition to Trust | - | - | 500,000 | 500,000 | - | |
| Bank Interest | 31 | - | 31 | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Sub total(Gross income for AR) |
31 | - | 500,000 | 500,031 | - | |
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| - | ||||||
| Grants | 26,040 | - | ||||
| Investment mgmt and admin fee | 179 | - | ||||
| TLT Administration Fees | 3,600 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 29,819 | - | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| - | ||||||
| (29,788) | 70,212 | - | ||||
| 29,788 | - | - | ||||
| - | - | - | ||||
| - | 70,212 | - |
CCXX R5 accounts (SS)
09/11/2023
5
| 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 B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Portfolio Value Details Total cash funds (agree balances with receipts and payments account(s)) Capital Account Income Account Details Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name P Davis G Davis |
Endowment funds to nearest £ |
| 70,212 | |||
| - | |||
| - | |||
| 70,212 | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 397,939 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| P Davis | 17.11.2023 | ||
| G Davis | 17.11.2023 |
CCXX R6 accounts (SS)
09/11/2023
6
Independent Examiner's Report to the Trustees of The NEW Gap Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the period ended 13 January 2023 which are set out on pages 5 to 6.
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
-
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.
Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
22 November 2023 Date