_**THE GANE CHARITABLE TRUST REGISTERED CHARITY NUMBER 211515**_ ## _**TRUSTEES' REPORT 2024**_ ## _**Trustees**_ - _G. Bates (appointed 12 February 2025)_ - _L. Collier-Standfield_ - _J. Cornwell_ - _S. Korsec (appointed 12 February 2025)_ - _D. Smart (resigned 7 June 2025)_ - _T Sowden_ - _T. P. S. Southall (Chair)_ _R Withers (Resigned 7 August 2024)_ _Address: 48 Park Row, Bristol, BS1 SLH_ _Banker: National Westminster Bank PLC, 32 Corn Street, Bristol, BS99 7UG_ _Independent Examiner: Paul Whitehouse, 1 Slate Cottages, Manor Lane, Abbots Leigh, Bristol, BS8 3RX_ ## _**Principal activities**_ _The Gane Charitable Trust provides grants in the fields of arts, crafts, architecture and design, and social welfare, to promote education and the development of skills and to facilitate craft arts and design projects._ _Grants are made on the following general basis:_ _1. Preference is given to applications from the West of England Combined Authority and South Wales (Newport and surrounding areas). Several award/ grant schemes operate in partnership with craft, design and social care programs at education providers and design organisations, within the preferred locations._ _2. Grants are made to individuals, but may be awarded to institutions or organisations whose purposes align with the Gane Charitable Trust objects. Grants are primarily made for capital purposes or to support transformative expenditure, rather than recurring expenditure._ _3. Grants can be made to individual recipients to assist with educational expenses where there is exceptional difficulty in meeting those costs._ ## _**Financial review**_ _During the year the income of the trust amounted to £46,194. Awards and Grants to beneficiaries totalled £34,514(2023 - £27,747)._ _Tim Southall Chair of Trustees_ ## _**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GANE CHARITABLE TRUST FOR THE YEAR ENDED 31ST DECEMBER 2024**_ ## _**Basis of independent examiner's report**_ _My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below._ ## _**Independent examiner's statement**_ _In connection with my examination, no matter has come to my attention:_ _Which gives me reasonable cause to believe that in any material respect the requirements:_ _to keep accounting records in accordance with section 130 of the Act_ _to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act_ _To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached._ _Paul Whitehouse Independent Examiner 31 October 2025_ ## STATEMENT OF FINANCIAL ACTIVITIES 2024 ## _**MOVEMENT OF FUNDS**_ ## _**Year to 31 December 2024**_ ||_2024_|_2023_| |---|---|---| |**_Incoming Resources_**|_£_|_£_| |_Investment Income_|_50,816_|_46,389_| |_Interest on Deposit_|_910_|_355_| |**_Total Income_**|**_51,726_**|_46,744_| |**_Resources Expended_**||| |_Direct Charitable expenditure: Awards_|_10,800_|_3,400_| |_Direct Charitable expenditure: Grants_|_23,714_|_24,747_| |_Management and Administration (Note 6)_|_9,863_|_3,947_| |**_Total Expenditure_**|**_44,377_**|_32,094_| |**_Operating surplus/(defcit)_**|_7,349_|_14,650_| |_Unrealised (Losses)/Gains on investment_|_66,679_|_(38,564)_| |**_Net Movement in Funds_**|**_74,028_**|_(23,914)_| |_Balance brought forward at 1 January_|_988,842_|_1,012,764_| |_Balance carried forward at 31 December_|_1,062,870_|_988,842_| _**Balance Sheet**_ ## _**31 December 2024**_ |**_Fixed Assets_**|_2024_|_2023_| |---|---|---| |_Quoted Investments at Market Value_|_966,704_|_900,025_| |_Heritage Assets (Furniture at cost)_|_22,798_|_22,798_| |**_Total Fixed Assets_**|**_989,502_**|_922,823_| |**_Current Assets_**||| |_Cash at Bank_|_8,408_|_21,588_| |_Deposit Account at Brokers_|_64,960_|_48,155_| |**_Total Current Assets_**|**_73,368_**|_69,743_| |**_Total Net Assets_**|_1,062,870_|_988,842_| |**_Represented by Unrestricted Funds_**|_1,062,870_|_988,842_| _These Accounts were approved by Trustees on 31 October 2025 and signed on their behalf by:_ _Tim Southall Chair of Trustees_ _**NOTES TO THE ACCOUNTSAccounting Policies:** Have been applied consistently in dealing with items which are considered material in relation to the trust's financial statements._ _**Basis of preparation:** The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules modified to include the revaluation of quoted investments at market value and comply with the Statement of Recommended Practice Accounting by Charities._ _**Gifts, grants and donations:** Accounted for when they are paid._ _**Investments:** Included in the balance sheet at market value. Investments have been revalued to reflect stock exchange valuations at the balance sheet date, to comply with the recommendation of the SORP. Unrealised gains/losses are transferred to general fund at year end._ _**Investment income:** Brought into the accounts in accordance with the period to which it relates._ _**Trustees Expenses:** No expenses were paid to trustees._ _**Management & Administration:** broken down as follows_ ## _**Expenditure**_ ||_2024_|_2023_| |---|---|---| |_Secretarial honorarium_|_4,036_|_2,023_| |_Printing, Postage & Stationery_|_64_|| |_Digital costs_|_3,163_|_385_| |_Bank charges_|_56_|_50_| |_Legal & Professional Charges_|_1,235_|_589_| |_Investment fees_|_1,310_|_900_| |**_Total Management and Administration_**|**_9,863_**|_3,947_|