The Gillbard Centenary Flats Trusl {In¢orporatingThe Giiibard Homes T1 AnnualAccounts forthe Year Ended 31st December2024
Page Trustee's Annual Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities
The Gillbard Centenary FiatsTrusl {IncorporatingThe GiilbaTd Homes Trust) AnnualReport2024 Trustee report for year ended 31st Decernber2024 Charityaddress: Eureka House, Higher Downgate, Callington, Cornwall Trustees Mrs D Davey Ichairiadyl Mr R Gillbard (Treasurerl Mr P Gillbard I Vice Chairman) Mr C Kidman Isecretaryl Mrs M Tancock Mrs K Fowler Mrswwhite Mrj Tancock MrsAGerry Accountants: KeLtyAccountancy. Room I, Tavistock Physio Clinic. Lamerton. PL19 8QA Aims and objectives The provision of low cost houses and flats for rent to persons in need. wth preference being given to those born orwho have lived forthe tast 10 years in the former borough of Launce5ton who have lived forthe last 10 years in the former borough of Launcestop,. Such charitable purposes for the benefit of the residents as the Trustees decide. ReseNes policy rhe Trustees consider that substantial reserves are required for the future maintenance of their 32 properties. Declaratton I declare in Tnycapacity ol charitytrustee thatthe trustees have approved the report above and have authorised me to sign it on their behalf. Chairman of the Tnjstees:....... Date.. 1_7- ID
Independent Examiners Reportto the trustees ofThe Gillbard Centenary Flats Trust IlncorporatingThe Gilibard Homes Trust) I repcrt onthe accounts of the trusiiortheyearended 31st December2D24, whicharesei outon pages3and 4. Resperfive re$pon$lbllftlesof Trustees and Exam5ner The Charfvs trustees are responsible IoTthe PTeparaDon oftheaccouvts_ The Charitys trustees considerthat au¢Jit is noi requiredforthisyearundersection 144 ofTheCharitiesAct2011 (the chartitiesa¢tl and that an independeniexarnination is needed. Itis DrspOnsiblt0 examineihe account5 un(JerSecLon 145ofThe Chanities Act2011. tofoiowlhe procedures laid ¢Jown in the gewalt1ictions gi¥en byThe Charitie5 Cutnrni5on (UndseCo0n 145151 Ibl olThe ChatitiesA¢ii. and to sraiewheiherparricuiar matters ha¥e cometo my attention. Bas1$ oflndependem Examlnefs rert Myexarninationwascarr4ed otIaccO[dancew1tkn the genwaldirections bythecharitycommisslon. An examination incLude5a rewewofthe a¢couniing reC0rdskeptbytt ¢haFtty and a ¢omparison oftheaccount5 presented with Ihose records. if aLso includes consideration of anyunusallrn or disclosutes in the accounts. and seekingexplanationsfrorn you a5 trusteÈsconcerningarysuth fftatters.Theprocedures undertaken do not prowde alllhe edence1h£I would be required in aA audK¢ and consequentlYr0Pln1O is gryen astowhether theaccounts prese5nt a Irue fairmevf and the report is lirnited io those matterssetout inthestatement belDW. Independentexamlne¥'sstarement I havecompieted my Èxamination. I can thatno maierialrnatters havecometo rllyattenfjon Inconnection wirh Ihe examinationgivingrne causeto believethat in. any materialTe5pect The accouniing recordswere not keptin respectofthe charttyas requsred bysection 130 of the Act= or the receipts and paymenis a¢cDUllts do notaccordith thDSÈ records= or. do notc0rnplyththe a¢countyng requirernentsofthe 2011 Act. I haveno concernsand have cotTre across no other matter5 in connectionffith theexamination towhich attention should be drabvn in ihis reportin orderto enablE a properunderstandingotthe reptsad paymenis a¢countto be reached. Cath Roberts Cath Roberts F.C.C.A Kelly Accountancy KeLLy Accountancy CHAftTEREO CERTIFIED ACCOUNTAN¥
The Glllbard Centenary Flats Trust IlncorporatlngThe Gilibard Home5 Trust) Receipts and Payments account for the year ended 31 December 2024 2024 2023 Income Rents received Bank Interest N.S.B InvestmentAC interest Hereford and Worcester Bond interest Coop Bond interest Britannia interest 60.897 7,828 368 48.180 5,684 368 75 65 12.636 12,157 Total income 81.794 66.464 Less expenditure 8ank charges Repair5 and renewals Insurance Ground upkeep Accountancy Travelling Rates Subscriptions Sundries 147 191 48,657 2.824 11.377 3.111 1,050 550 574 540 1.015 599 614 417 21 152 588 166 Tot81 payments 18,998 54,075 Net receipts for the year 62.797 12.389 Approved by the trijstees Signed. Signed by. on behalf ol the trustees.....
The Gilibard Centenary Flats Trusl {IncorporatingThe Giilbard Homes Tiustl Statement of Assets and Liabilities as at31st December 2024 Cash funds 2024 2023 HSBC current account HSBC high interest account NSB investment account HeTetord and Worcester Bond Coop Bon(f Britannia 7.632 428,533 75.567 1,500 341,373 5,674 386,402 75.199 1,590 328,758 Total 854.604 797.623 Debtors Prepayments 582 582 Less Current Liaiblities Sundry Creditors 3.066 8,881 NetAssets 852,120 789,324 Capital Account Opening balance Surplus for the year 789.324 62,797 776,935 12,389 852.120 789.324 Approved by the trustees Signe(J . Signed by. on behalf of the trustees.........-........... Noie-. The TTU5t owns 8 hotjses (The Giltbard Home51 and 24 fiats (The Gilibard Centenary Flats) ai Chapel Park. Launceston, Cornwall. This is a permanent endowmenl and in accoidance with the Charity objectives generates the rental income shown in the receipts and payments account.
The Gillbard Centenary Flats Trust (IncorporatingThe Gllibard HomesTrustl Profit and Loss Account lorthe year ended 31$1 December2024 2024 2023 Income Rents received 60,897 7,828 48.180 5,684 368 Bank Interest N.S.B InvestmentAC interest Herelord and Worcester Bond interest Britannia inteiest 65 75 12,636 12.157 Total income 81,794 66,464 Less expenditure Bank charges Repairs and renewals Insurance 147 191 48.657 2.824 11.377 3.111 1.050 550. 540 1.015 599 21 Ground upkeep Accountancy Travelling Rates Subscriptions Sundries Utilities 574_ 480 614 417 152 588 166 Total payments 18,998 54.075 Net profit 62.797 12,389
The Gillbard Centenary Flats Trust {IntorporatingThe Gllibard Homes Trust) Balance sheet as at 3151 December 2024 Bank a¢tounts 2024 2023 HSBC current account HSBC high interest account NSB investment account Hereford and Worcester Bond Britannia 7,632 428.533 75,567 1.500 341,373 5.674 386,402 75.199 1,590 328.758 Debtors Prepayments 582 582 Less Current Liaiblities Sundry Creditors 3,066 8.881 NetAssets 852,120 789.324 CapitalAccount Capital account Income account 744,932 44,391 62.797 744,932 32.003 12,389 Net profit forthe year Totalfunds 852.120 789.324