The Gillbard Centena Flats Tru$t Incor oratln The Gillbydrd Homes Trust Accounts for the Year Ended 31st December 2022
Tho Glllbard Centena Flats Trust Incor oratln Tho Glllbard Homes Trust Annual Rg Ort 2022 Charl Numbor 214083 Addres8'. Eureka House, Hlgher Downgate, Calllngton. Cornwall. TruJt•gS.' Mrs D Davey Ichairladyl Mr R Gillbard (Treasurer} Mr P Gillbard (Vice Chairman) Mr C Kidman Isecrelaryl Mrs M Tancock Mrs K Fowler Mrs W White Mr J Tancock Mrs A Gery Accountantsllndependent Examln•r.' Azels, 20 Weslem Road, Launceslon, Cornwall, PL15 7BA. Sollcltors., Messrs WBW Soll¢llors, Weslgale, Launceslon, Cornwall, PL15 9AD Alm8 and Objèctlves: The provlslon of low cost houses and flats for rent to Persons In nead, with preference bèlng given lo those born or who have lived for the last 10 year5 In the former Borough of LaLtnceston. Such charitable purposes for the b8nefli of the $[dentS as the Tru8lee$ decide. R•vlew of the Y•ars Actlvltl £14,773 was 8penl on repalrs and renewal$ durlng the year. 11 Is anliclpaled that substantial amounts wlll need lo be Spent in the future lo malnlain the propertles in their current ¢ondltion. Ro8•rv•¥ Pollcy The Trustees consider that $ub51anli81 reserves are required for the future maintenance of their 32 propertles. Page 1
Independent Examlnerfs Report to the Trustoes of The Glllbard Centenary Fl?t$ Tru$t Ilncorporatlng Tho Glllbard Homes Trust) I report on the accounts of Ihe Trust for the year ended 31st De¢ember 2022. which are set out on pages 3 104. Respgctlve rosponslbllStle8 of Tru8te88 and Examlner The Charity's Trustees are responsible for the preparation of the Accounts. The Charity's Trustees consider that an audit is not required for this year under section 144 the Charities Act 2011 (the Charities Acll and that an independent examination is needed. 11 is our responsibility lo.. examine the Accounts under SeGlion 145 of the Charities Act, lo follow the procedures laid down in the general Directions given by the Charlty Commission {under sectlon 145 151 Ib) of the Charities Act). and lo slate whether particular mallers have rA)me lo my allenlion. Ba8SB of Indopendent Examlnerf8 Report My examinalion was ¢arrled out in accordance with the General Directions given by the Charlty Commlssloners. An examination includes a review of the accounting records kept by the Charily and a comparison of the Accounts presonled with those records. 11 also includes consideration of any unusual item or disclosures in the Accounts. and seeking explanations from you as Trustees concerning any such mallers. The procedures undertaken do not provldè all the evidence that would be reoulred in an aL¢dil, and consequently no opinion is given as lo whelher the A¢¢ounts present a 'True and Fair view, and the report Is Ilmiled lo those mallers sel out in the 8181ement below. Indopendent Examlnerf8 Stat•mont In connectlon wlth our examlnallon, no m8tter has Come lo our atlentlon: which gives us reasonable cause lo believe that In any material respect the reqLtlrements - lo keep accountlng records In accordance with sectlon 130 of the Charltles Act., 8nd lo prepare Accounts which ac¢ord with the accounllng records and lo comply wllh the accountlng requirements of the Charllles A¢1 have not been met.. 121 lo whl¢h, In my opinlon, attenllon should be drawn In order to enable a proper understandlng of the Accounts lo be reached. J W•vlll ACA ACCOUNTANTS & BUSINESS ADVISORS 20 Western Road LAUNCESTON 23 August 2023 Page 2
THE GILLBARD CENTENARY FLATS TRUST (INCORPORATING THE GILLBARD HOMES TRUSTI RECEIPTS AND PAYMENT ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 INCOME: Rents Received Bank Interest N.S.B. Investment AIC Inleosl Hereford and Worcester Bond Interest Britannia 49.264 675 370 15 977 51,856 43 360 4,290 Total In¢ome 51,301 56,549 LESS EXPENDrruRE: Bank Charges Repairs and Renewals Insurance Ground Upkeep Accountancy Travelling Subscrlpllons Sundrles 208 14773 2122 900 770 470 17.668 1,888 850 350 604 55 19,298 22,142 Surplu8 for tha Yoar £32.003 £34,407 Page 3
THE GILLBARD CENTENARY FLATS TRUST (INCORPORATING THE GILLBARD HOMES TRUST) STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST DECEMBER 2022 2022 2021 CURRENT ASSETS: HSBC Current Account HSBC High Intere51 Account N.S.8. Investment Account Hereford and Worceslor Bond Brltsnnia 9,252 482,882 74,831 1,515 216,601 10,662 443,381 74,461 1,500 215,623 785,081 745,627 LESS CURRENT LIABILITIES: Sundry Creditors 8,147 696 NET ASSETS £776,934 £744,931 CAprrAL ACCOUNT: Opening Balance Surplus for the year 744,931 32,003 710.524 34,407 £776,934 £744,931 Note The Tru81 owns 8 houses {Th$ Gillbard Home$l and 24 flats (The Gillbard Centenary Flalsl 81 Chapel Park. Launceslon, Cornwall. This is a permanent endowment and in accordance with the Charitys oblectlves generates the rental Income shown In th6 Re¢&ipls and Payments Account. Page 4