REGISTERED CHARITY NUMBER: 210214
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
FOR
WILLIAM GUNN'S CHARITY
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
WILLIAM GUNN'S CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31st March 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 | 10 |
| Detailed Statement of Financial Activities | 11 |
WILLIAM GUNN'S CHARITY
REPORT OF THE TRUSTEES for the Year Ended 31st March 2025
The trustees present their report with the financial statements of the charity for the year ended 31st March 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 object of the Charity shall be to relieve either generally or individually members of the Society of Friends who are in conditions of need, hardship or distress.
Significant activities
Trustees met twice during the year and were in regular contact by email and telephone. Some applications that clearly met all the criteria were responded to within days of the application being received.
The Trustees believe that they have continued to operate faithfully within the terms of the original Trust Deed and the 1972 Charity Commission Scheme and have the Commission's guidance on public benefit.
Public benefit
The main activity is undertaken to further our charitable objective for the public benefit.
Grantmaking
The Trust Deed states that applications can only be accepted from or on behalf of Members of the Religious Society of Friends in financial need. We require verification of their Membership. Each application must be supported by a Friend (usually an Elder or Overseer) who knows the applicant and is aware of their circumstances.
The Investment Portfolio is managed on our behalf by Nicola Day at Rathbone Greenbank Investments.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Grants for assistance were £15,195 ( 2024 £9,791 ) and our income was £26,207 ( 2024 £29,134 ).
We have paid fees for the management of the charity's money and ethical screening costs of £11,187 ( 2024 £10,661 ).
Unrealised losses on Investments reflect the turbulent stock market in the period.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk Management
We have asked Rathbone Greenbank Investments to operate our investment strategy on a lower end of medium risk basis.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
210214
Principal address
3 Wesley Court Duke Street Broseley Shropshire TF12 5LS
Page 1
WILLIAM GUNN'S CHARITY
REPORT OF THE TRUSTEES for the Year Ended 31st March 2025
Trustees
Valerie Brittin - Grants correspondent Jacqueline Fowler - Clerk Jane Spiers - Treasurer and financial correspondent
Independent Examiner
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
Approved by order of the board of trustees on 21st October 2025 and signed on its behalf by:
Jane Spiers - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WILLIAM GUNN'S CHARITY
Independent examiner's report to the trustees of William Gunn's Charity
I report to the charity trustees on my examination of the accounts of William Gunn's Charity (the Trust) for the year ended 31st March 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.
Russell Ball
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
21st October 2025
Page 3
WILLIAM GUNN'S CHARITY
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Charitable activities Grant making Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.25 Unrestricted funds £ 26,207 27,438 (33,591) (34,822) 1,344,543 1,309,721 |
31.3.24 Total funds £ 29,134 |
|---|---|---|
| 21,283 | ||
| 19,922 | ||
| 27,773 1,316,770 |
||
| 1,344,543 |
The notes form part of these financial statements
Page 4
WILLIAM GUNN'S CHARITY
BALANCE SHEET 31st March 2025
| Notes FIXED ASSETS Investments 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 7 Unrestricted funds TOTAL FUNDS |
31.3.25 Unrestricted funds £ 1,141,072 169,318 (669) 168,649 1,309,721 1,309,721 1,309,721 1,309,721 |
31.3.24 Total funds £ 1,237,032 108,036 (525) 107,511 1,344,543 1,344,543 1,344,543 1,344,543 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21st October 2025 and were signed on its behalf by:
Valerie Brittin - Trustee
Jacqueline Fowler - Trustee
Jane Spiers - Trustee
The notes form part of these financial statements
Page 5
WILLIAM GUNN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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.
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.
INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Rathbones Investment Management Limited | 24,566 | 26,993 |
| COIF Fixed Interest account | 665 | 1,066 |
| COIF Deposit account | 976 | 1,075 |
| 26,207 | 29,134 |
Page 6
continued...
WILLIAM GUNN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.
Trustees' expenses
Trustees expenses for the year were £24 ( 2023 £76 ).
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Charitable activities Grant making Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD FIXED ASSET INVESTMENTS MARKET VALUE At 1st April 2024 Additions Disposals Revaluations At 31st March 2025 NET BOOK VALUE At 31st March 2025 At 31st March 2024 |
Unrestricted funds £ 29,134 21,283 19,922 27,773 1,316,770 1,344,543 Investments £ 1,237,032 133,453 (207,861) (21,552) 1,141,072 1,141,072 1,237,032 |
Unrestricted funds £ 29,134 21,283 19,922 27,773 1,316,770 1,344,543 Investments £ 1,237,032 133,453 (207,861) (21,552) 1,141,072 1,141,072 1,237,032 |
|---|---|---|
| 21,283 | ||
| 19,922 | ||
| 27,773 1,316,770 |
||
| 1,344,543 | ||
| Investments £ 1,237,032 133,453 (207,861) (21,552) 1,141,072 1,141,072 1,237,032 |
||
The market value of investment assets outside the UK was £123,390 ( 2024 £79,545 ).
continued...
Page 7
WILLIAM GUNN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2025
5. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31st March 2025 is represented by:
| Valuation in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 Valuation in 2025 Cost |
Investments £ 303,127 26,708 (176,165) (48,888) (21,553) 1,057,843 1,141,072 |
|---|---|
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund Unrealised investment gains TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 26,207 Unrealised investment gains - 26,207 TOTAL FUNDS 26,207 |
At 1.4.24 £ 1,239,761 104,782 1,344,543 1,344,543 Resources expended £ (27,438) - (27,438) (27,438) |
31.3.25 £ 669 Net movement in funds £ (13,270) (21,552) (34,822) (34,822) Gains and losses £ (12,039) (21,552) (33,591) (33,591) |
31.3.24 £ 525 At 31.3.25 £ 1,226,491 83,230 1,309,721 1,309,721 Movement in funds £ (13,270) (21,552) (34,822) (34,822) |
|---|---|---|---|
7. MOVEMENT IN FUNDS
continued...
Page 8
WILLIAM GUNN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2025
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Unrealised investment gains TOTAL FUNDS |
At 1.4.23 £ 1,163,100 153,670 1,316,770 1,316,770 |
Net movement in funds £ 76,661 (48,888) 27,773 27,773 |
At 31.3.24 £ 1,239,761 104,782 |
|---|---|---|---|
| 1,344,543 | |||
| 1,344,543 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 29,134 | (21,283) | 68,810 | 76,661 |
| Unrealised investment gains | - | - | (48,888) | (48,888) |
| 29,134 | (21,283) | 19,922 | 27,773 | |
| TOTAL FUNDS | 29,134 | (21,283) | 19,922 | 27,773 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Unrealised investment gains TOTAL FUNDS |
At 1.4.23 £ 1,163,100 153,670 1,316,770 1,316,770 |
Net movement in funds £ 63,391 (70,440) (7,049) (7,049) |
At 31.3.25 £ 1,226,491 83,230 |
|---|---|---|---|
| 1,309,721 | |||
| 1,309,721 |
continued...
Page 9
WILLIAM GUNN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2025
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 55,341 | (48,721) | 56,771 | 63,391 |
| Unrealised investment gains | - | - | (70,440) | (70,440) |
| 55,341 | (48,721) | (13,669) | (7,049) | |
| TOTAL FUNDS | 55,341 | (48,721) | (13,669) | (7,049) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2025.
Page 10
WILLIAM GUNN'S CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2025
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Rathbones Investment Management Limited | 24,566 | 26,993 |
| COIF Fixed Interest account | 665 | 1,066 |
| COIF Deposit account | 976 | 1,075 |
| 26,207 | 29,134 | |
| Total incoming resources | 26,207 | 29,134 |
| EXPENDITURE | ||
| Charitable activities | ||
| Expenses of Trustees | - | 24 |
| Advertisement in The Friend | 195 | 156 |
| Independent Examiners fee | 750 | 651 |
| Investment management costs | 11,187 | 10,661 |
| Grants to Friends in Need | 15,195 | 9,791 |
| Website costs | 111 | - |
| 27,438 | 21,283 | |
| Total resources expended | 27,438 | 21,283 |
| Net (expenditure)/income before gains and losses | (1,231) | 7,851 |
| Gains/losses on investments | ||
| Realised | (12,039) | 68,810 |
| Unrealised | (21,552) | (48,888) |
| Net (expenditure)/income | (34,822) | 27,773 |
This page does not form part of the statutory financial statements
Page 11