|||||||||
|---|---|---|---|---|---|---|---|
|**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|||
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**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:
1. 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.
Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
22 November 2023 Date