The Gillbard Centenary Flats Trusl {In¢orporatingThe Giiibard Homes T￿￿1
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 D￿r￿spOnsibl￿￿t0 examineihe account5
un(JerSecLon 145ofThe Chanities Act2011. tofo*iowlhe procedures laid ¢Jown in the gewalt1i￿ctions gi¥en
byThe Charitie5 Cutnrni5￿on (Und￿seCo0n 145151 Ibl olThe ChatitiesA¢ii. and to sraiewheiherparricuiar matters
ha¥e cometo my attention.
Bas1$ oflndependem Examlnefs re￿rt
Myexarninationwascarr4ed o￿tI￿accO[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 anyunus￿all￿rn or disclosutes in the accounts. and
seekingexplanationsfrorn you a5 trusteÈsconcerningarysuth fftatters.Theprocedures undertaken do not
prowde alllhe e￿dence1h£I would be required in aA audK¢ and consequentlYr￿0Pln1O￿ 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 notaccord*ith thDSÈ records= or. do notc0rnply￿ththe 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 re￿ptsa￿d 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