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