2024-06-30-accounts - The Richard Gibbs Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 01/07/2023 (Period start date), To 30/06/2024 (Period end date)

Charity name: The Richard Gibbs Foundation

Charity registration number: 1199237

Objectives and Activities:

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The purpose of the charity is for the benefit of the public, to advance in life and relieve the needs of young people living in Coventry and the surrounding area, in particular, but not exclusively, by providing grants that may be used to: (a) advance their education; (b) access support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals; (c) relieve their financial hardship; and/or (d) enable them to participate in recreational activities, provided in the interest of social welfare, designed to improve their conditions of life.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	In the second financial year, the charities activities have focussed on: - Securing a donation from the Charities Aid Foundation following a charitable event. - Fundraising through a Christmas Quiz in London - Researching and identifying various potential beneficiaries
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In planning our activities for the year, we kept in mind the Charity Commission’s guidance on public benefit at our trustee meetings.

Additional information (optional) You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making

Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The main achievements are as follows: 1. Securing a donation from the Charities Aid Foundation following a charitable event. 2. Securing an addition donation from a small business. 3. Organising a Christmas Quiz in December 2023 as an annual fundraiser 4. Researching/exploring several avenues and partnerships which has led to identification of a potential second beneficiary and possibly supporting Coventry College / university.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
	Para 1.41

Investment performance against objectives Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Cash at bank dated 30thJune 2024 was £23,458.50
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	N/A
Amount of reserves held	Para 1.22	N/A
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional) You may choose to include further statements where relevant about:


The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution of a Charitable Incorporated Organisation (CIO).
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed or reappointed annually at the Annual General Meeting held in June.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	The Richard Gibbs Foundation
Other name the charity uses	The RGF
Registered charity number	1199237
Charity’s principal address	4 Valley View Aldbourne Marlborough Wiltshire SN8 2AQ

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)
	Ewan Black	Chair(& Trustee)
	Evie Rothwell- Douglas	Trustee
	Mark Brammer	Trustee
	Ian Liberty	Trustee

– Corporate trustees names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

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

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Ewan Black
	Chair
	23rdApril 2025
	23rdApril 2025

The Richard Gibbs Foundation 1199237 Receipts and payments accounts CC16a For the period 7/1/2023 6/30/2024 To from

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

Total funds Last year

to the nearest £

to the nearest £ to the nearest £ to the nearest £ to the nearest £

A1 Receipts

A1 Receipts
Donations	4,260	-	-	4,260	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Sub total(Gross income for AR)	4,260	-	-	4,260	-

A2 Asset and investment sales,
(see table).
	-	-	-	-
	-	-	-	-		-
Sub total	-	-	-	-		-

Total receipts	4,260	-	-	4,260		-
A3 Payments
Beneficaries	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Sub total	-	-	-	-	-

A4 Asset and investment
purchases, (see table)
	-	-	-	-
	-	-	-	-
Sub total	-	-	-	-		-

Total payments	-	-	-	-		-

Net of receipts/(payments)	4,260	-	-	4,260	-
A5 Transfers between funds	-	-	-	-	-
A6 Cash funds last year end	-	-	-	-	-
Cash funds this year end	4,260	-	-	4,260	-

Section B Statement of assets and liabilities at the end of the period

Details Cash at Bank Details Details Details Details Signature Ewan Black Total cash funds (agree balances with receipts and payments account(s))	to nearest £ to nearest £ 23,479 - - - - - 23,479 - Agreement Error OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Ewan Black Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £ Endowment funds
		-
		-
		-
		-
		OK
		to nearest £ Endowment funds
		-
		-
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		-
		-
		-
		-
		When due (optional)






		Date of approval
Ewan Black	Ewan Black	4/23/2025