REGISTERED CHARITY NUMBER: 1203399
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 April 2025
for
Gann Charitable Trust CIO
Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ
Gann Charitable Trust CIO
Contents of the Financial Statements for the Year Ended 30 April 2025
| Page | ||
|---|---|---|
| Report of the Trustees | 1 to | 2 |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 to | 9 |
Gann Charitable Trust CIO
Report of the Trustees for the Year Ended 30 April 2025
The trustees present their report with the financial statements of the charity for the year ended 30 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objects of the charity is:
(1) For the public benefit to promote the education of people of all ages around the world in such ways as the charity trustees think fit, including awarding to such persons scholarships, maintenance allowances or grants, or by grants to charities or other organisations worldwide that provide education.
(2) The prevention or relief of poverty or financial hardship anywhere in the world by providing: grants or loans to individuals in need and/or charities, or other organisations working to prevent or relieve poverty or financial hardship
(3) To advance the orthodox Jewish religion worldwide for the benefit of the public in accordance with the principles of the code of Jewish law (Sculchan Aruch).
(4) To promote and protect the physical and mental health of sufferers of any medical conditions around the world through the provision of financial assistance, support and medical advice.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit.
Grantmaking
The intention is to utilise the income from the funds to make grants and donations to various charitable causes known to the Trustees or in respect of which the Trustees may receive specific applications.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year, the charity's incoming resources amounted to £89,350. Total resources expended amounted to £95,397. This has resulted in a net deficit of £6,047 for the year, decreasing the general fund from £7,867 to £1,820.
FINANCIAL REVIEW
Reserves policy
It is the aim of the charity to maintain unrestricted funds at a level sufficient to enable it to continue to operate and meet day to day running costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Charity constitution
The charity is a charitable incorporated organisation and is governed by its constitution dated 5 June 2023 nd registered with Charity Commission under charity number 1203399.
Recruitment and appointment of new trustees
The management of the charity is responsibility of the Trustees who are elected and co-opted under the terms of the constitution. The constitution requires the charity to have a minimum of three trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1203399
Page 1
Gann Charitable Trust CIO
Report of the Trustees for the Year Ended 30 April 2025
Principal address
Pin Mill House Priestley Road Worsley Manchester M28 2LX
Trustees
M Cohen Mrs L L Cohen A Kornbluth R N Links
Independent Examiner
Ian Sluckis FCA Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ
Approved by order of the board of trustees on 14 January 2026 and signed on its behalf by:
M Cohen - Trustee
Page 2
Independent Examiner's Report to the Trustees of Gann Charitable Trust CIO
Independent examiner's report to the trustees of Gann Charitable Trust CIO
I report to the charity trustees on my examination of the accounts of Gann Charitable Trust CIO (the Trust) for the year ended 30 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Ian Sluckis FCA
Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ
15 January 2026
Page 3
Gann Charitable Trust CIO
Statement of Financial Activities for the Year Ended 30 April 2025
| Period | |||
|---|---|---|---|
| 5.6.23 | |||
| Year Ended | to | ||
| 30.4.25 | 30.4.24 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 89,350 | 82,995 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Donations | 94,615 | 74,394 | |
| Other | 782 | 734 | |
| Total | 95,397 | 75,128 | |
| NET INCOME/(EXPENDITURE) | (6,047) | 7,867 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 7,867 | - | |
| TOTAL FUNDS CARRIED FORWARD | 1,820 | 7,867 |
The notes form part of these financial statements
Page 4
Gann Charitable Trust CIO
Balance Sheet 30 April 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 2,570 | 8,587 | |
| CREDITORS | |||
| Amounts falling due within one year | 5 | (750) | (720) |
| NET CURRENT ASSETS | 1,820 | 7,867 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 1,820 | 7,867 | |
| NET ASSETS | 1,820 | 7,867 | |
| FUNDS | 6 | ||
| Unrestricted funds | 1,820 | 7,867 | |
| TOTAL FUNDS | 1,820 | 7,867 |
The financial statements were approved by the Board of Trustees and authorised for issue on 14 January 2026 and were signed on its behalf by:
M Cohen - Trustee
The notes form part of these financial statements
Page 5
Gann Charitable Trust CIO
Notes to the Financial Statements for the Year Ended 30 April 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. GRANTS PAYABLE
| GRANTS PAYABLE | ||
|---|---|---|
| Period | ||
| 5.6.23 | ||
| Year Ended | to | |
| 30.4.25 | 30.4.24 | |
| £ | £ | |
| Donations | 94,615 | 74,394 |
continued...
Page 6
Gann Charitable Trust CIO
Notes to the Financial Statements - continued for the Year Ended 30 April 2025
2. GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
| Period | ||
|---|---|---|
| 5.6.23 | ||
| Year Ended | to | |
| 30.4.25 | 30.4.24 | |
| £ | £ | |
| Broom Foundation | 19,000 | 19,895 |
| Broughton Jewish VC | 7,034 | - |
| Meor | 6,625 | 19,000 |
| Young Lubavitch | 36,100 | 10,806 |
| Lubavitch Manchester | 10,192 | - |
| Others - less than £5,001 | 15,664 | 24,693 |
| 94,615 | 74,394 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the period ended 30 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the period ended 30 April 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 82,995 |
| EXPENDITURE ON | |
| Charitable activities | |
| Donations | 74,394 |
| Other | 734 |
| Total | 75,128 |
| NET INCOME | 7,867 |
| TOTAL FUNDS CARRIED FORWARD | 7,867 |
continued...
Page 7
Gann Charitable Trust CIO
Notes to the Financial Statements - continued for the Year Ended 30 April 2025
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors | 750 | 720 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.5.24 | in funds | 30.4.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 7,867 | (6,047) | 1,820 | |
| TOTAL FUNDS | 7,867 | (6,047) | 1,820 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 89,350 | (95,397) | (6,047) | |
| TOTAL FUNDS | 89,350 | (95,397) | (6,047) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| in funds | 30.4.24 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 7,867 | 7,867 | ||
| TOTAL FUNDS | 7,867 | 7,867 | ||
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 82,995 | (75,128) | 7,867 | |
| TOTAL FUNDS | 82,995 | (75,128) | 7,867 |
continued...
Page 8
Gann Charitable Trust CIO
Notes to the Financial Statements - continued for the Year Ended 30 April 2025
7. RELATED PARTY DISCLOSURES
During the year donations amounting to £89,350 were made by a company in which one of the trustees is a director of the company.
8. ULTIMATE CONTROLLING PARTY
The charity is jointly controlled by the trustees.
9. GOING CONCERN
The charity's financial statements for the year ended 30 April 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
Page 9