The G F Eyre Charitable Trust
Annual Report
Year ended 5 April 2022
Registered Charity number 216040
**The G F Eyre Charitable Trust**
## **Contents**
## **Year ended 5 April 2022**
## **Page**
|1|-|3|Trustees' Report|
|---|---|---|---|
|4|||Independent Examiner's Report to the Trustees|
|5|||Statement of Financial Activities|
|6|||Balance Sheet|
|7|-|14|Notes to the Accounts|
1
## **The G F Eyre Charitable Trust**
## **Trustees' Report**
## **Year ended 5 April 2022**
The Trustees present their Annual Report and the financial statements for the year ended 5 April 2022.
The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **Objectives and Activities**
The objective of the Charity is to support such charitable purposes generally and in such manner as the Trustees in their absolute discretion may from time to time determine.
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and making monetary grants to good causes. The Trustees supported a wide range of different local and national causes, including charities working for human medical research, the relief of suffering and respite, and conservation.
## **Achievements and Performance**
During the year ended 5 April 2022, the Trustees made 63 separate grants, totalling £117,506 to good causes. Individual grants ranged from £500 to £9,700.
The Charity incurred investment management fees of £3,390.
## **Financial Review**
The attached accounts show that the Charity’s investments increased in value to £470,767. The trustees are satisfied that the current state of its finances is sound.
## Investments
The investments held by the Charity were acquired in accordance with the powers granted to the Trustees in the Trust Deed and are managed on a discretionary basis by a firm of professional stockbrokers.
## Donations Policy
The Trustees grant donations to good causes on a discretionary basis.
## **Conflicts of Interest**
It is the policy of the trustees to follow the guidance given by the Charity Commission in “Conflicts of interest: a guide for charity trustees” (CC29).
2
## **The G F Eyre Charitable Trust**
## **Trustees' Report (continued)**
## **Year ended 5 April 2022**
## **Reserves Policy**
The Trustees and their agent continually monitor the level of unrestricted funds. Unrestricted funds comprise both the Unrestricted Income Fund and the Expendable Endowment Fund (because the trustees have discretion to make charitable payments from both income and capital). Together, these are the free reserves of the charity. The Trustees and their agent ensure that they are sufficient to meet the payment obligations of the charity as they fall due.
At 5 April 2022 the charity had net bank and cash balances of £33,701 (2021: £30,403), of which £987 (2021: £932) represents unrestricted reserves. In the Trustees’ opinion, the level of income reserves at 5 April 2022 was sufficient for requirements.
## **Structure, Governance and Management**
The Trustees meet annually on a formal basis. In the interim, payments to good causes are nominated by individual Trustees and the administration of the Charity is carried on by an agent appointed by the Trustees. There are no employees.
Under the Trust Deed, the power of appointing new or additional Trustees is vested in the Trustees.
## **Future Plans**
In the year ahead the Trustees plan to continue to pursue the Charity’s objectives by making monetary grants to good causes, with donations continuing to be made on a discretionary basis.
## **Reference and Administrative Details**
Trustees Mrs C A Eyre Mr C G S Eyre Mrs R E Young Charity number 216040 Principal Address C/o Mr A H Richards Centenary House Peninsula Park, Rydon Lane Exeter EX2 7XE Chairman Mr C G S Eyre Independent Examiner Neil Hitchings FCA Francis Clark LLP Chartered Accountants Centenary House Peninsula Park, Rydon Lane Exeter EX2 7XE
3
## **The G F Eyre Charitable Trust**
## **Trustees' Report (continued)**
## **Year ended 5 April 2022**
## **Reference and Administrative Details (continued)**
Bankers HSBC 17 East Street Bridport Dorset DT6 3JZ
## **Statement of Trustees’ Responsibilities**
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the applicable Charities (Accounts and Reports) Regulations. The trustees are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 2 February 2023 and signed on their behalf by:
Mrs C A Eyre – Trustee Mr C G S Eyre – Trustee Mrs R E Young - Trustee
Date: 2 February 2023
4
## **The G F Eyre Charitable Trust**
## **Independent Examiner's Report to the Trustees**
## **Year ended 5 April 2022**
I report to the trustees on my examination of the accounts of the G F Eyre Charitable Trust (‘the Charity') for the year ended 5 April 2022, which are set out on pages 5 to 14.
## **Responsibilities and basis of report**
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).
I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commissioner under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (a) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
- (b) the accounts do not accord with those records; or
- (c) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**______________________________** Neil Hitchings FCA Independent Examiner Francis Clark LLP Charted Accountants Centenary House Peninsula Park, Rydon Lane Exeter EX2 7XE
Date: 3 February 2023
5
## **The G F Eyre Charitable Trust**
## **Statement of Financial Activities**
## **Year ended 5 April 2022**
|**Unrestricted**
**fund**
**Note**
**£**
**Income and endowments**
Donations and legacies
Sadborow Trust Company
**120,000**
Investment income
5
**970**
**Total income**
**120,970**
**Expenditure**
_Cost of raising funds:_
Bank charges
**19**
Investment management fees
**3,390**
Grants payable in furtherance
of the charity's objects
**117,506**
**Total expenditure**
**120,915**
**Net income / (expenditure) before**
**gains / (losses) on investments**
**55**
Realised gain on disposal
of investment assets
**-**
Unrealised (loss) / gain on
revaluation of investment assets
6
**-**
**Net gains on investments**
**-**
**Net movement in funds**
**55**
_Reconciliation of funds_
Total funds brought forward
**932**
**Total funds carried forward**
**987**
_Expenditure on charitable activities:_|**Endowment**
**fund**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**11,224**
**(7,936)**
**3,288**
**3,288**
**500,193**
**503,481**|**Total**
**2022**
**£**
**120,000**
**970**
**120,970**
**19**
**3,390**
**117,506**
**120,915**
**55**
**11,224**
**(7,936)**
**3,288**
**3,343**
**501,125**
**504,468**|**Total**
**2021**
**£**
-
8,289
8,289
-
2,771
89,830
92,601
(84,312)
7,904
107,782
115,686
31,374
469,751
501,125|
|---|---|---|---|
The notes on pages 7 to 14 form part of these accounts.
6
## **The G F Eyre Charitable Trust**
## **Balance Sheet**
## **As at 5 April 2022**
|**Note**
**Fixed assets**
Investments
6
Total fixed assets
**Current assets**
Cash at bank and in hand
Bank current account
Bank deposit account
Total current assets
**Current liabilities**
Overdraft
Bank current account
Total current liabilities
**Net assets**
**The funds of the charity**
Endowment funds
7
Unrestricted income funds
7
**Total charity funds**|**£**
**£**
**470,767**
**470,767**
**5,564**
**28,137**
**33,701**
**-**
**-**
**504,468**
**503,481**
**987**
**504,468**
**2022**|**£**
**£**
470,722
470,722
-
48,126
48,126
(17,723)
(17,723)
501,125
500,193
932
501,125
**2021**|
|---|---|---|
-
The financial statements on pages 5 to 14 were approved by the board of trustees on 2 February 2023 and were signed on their behalf by:
_______________________ _______________________ Mrs C A Eyre - Trustee Mr C G S Eyre - Trustee Mrs R E Young - Trustee
7
## **The G F Eyre Charitable Trust**
## **Notes to the Accounts**
## **Year ended 5 April 2022**
## **1 General Information**
The G F Eyre Charitable Trust is an unincorporated charitable trust registered as a charity. Details of the charity, including the Principal Address, are included in Reference and Administrative details in the Trustees’ report.
## **2 Accounting Policies**
The principal accounting policies adopted in the preparation of the financial statements are as follows:
## **a) Basis of preparation**
The financial statements have been prepared in accordance with ‘Accounting and Reporting by Charities: Statement of Recommended Practice’ applicable to charities preparing their accounts in accordance with the Charities SORP (FRS102), the Charities Act and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value except that certain items are carried at fair value.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. The departure has involved following Accounting and Reporting applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has been withdrawn.
The charity meets the definition of a public benefit entity under FRS102.
The Trustees are not aware of any material uncertainties that would cast doubt on the charity’s ability to continue as a going concern, therefore the financial statements have been prepared on a going concern basis.
The functional currency of the G F Eyre Charitable Trust is considered to be pounds sterling as that is the currency of the primary economic environment in which the charity operates.
## **b) Investment assets and income**
Investments are carried at fair value. Gains or losses on disposals and on annual valuation of investments are credited or charged in the Statement of Financial Activities. Dividends and interest receivable are shown in the Statement of Financial Activities.
8
## **The G F Eyre Charitable Trust**
## **Notes to the Accounts (continued)**
## **Year ended 5 April 2022**
## **2 Accounting Policies (continued)**
## **c) Funds**
Unrestricted funds are donations and other incoming resources received or generated for the objects of the Charity without further specified purpose and are available as general funds.
Expendable endowment funds are capital receipts which may be applied for such charitable purposes, or invested to produce income for such charitable purposes as the trustees consider appropriate. Although the Trust Deed allows the Trustees to make charitable payments out of all the charity’s funds, it is the Trustees’ policy to make payments out of income funds.
## **d) Incoming resources**
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when the charity has entitlement to the income, there is sufficient certainty of receipt, it is probable that the income will be received and the amount of income receivable can be measured reliably. Quoted investments receivable are included at market value on the date of the gift. The value of services provided by volunteers has not been included.
## **e) Expenditure**
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
## **f) Grants payable**
Grants made voluntarily by the Charity are recognised when the obligation to pay arises.
## **g) Taxation**
Taxation payable, less amounts receivable, is deducted from the source of income or added to the item of expenditure that gives rise to it on the face of the Statement of Financial Activities. Gift Aid income includes recoverable tax.
9
## **The G F Eyre Charitable Trust**
## **Notes to the Accounts (continued)**
**Year ended 5 April 2022**
## **3 Statement of prior year financial activity (for the year ended 5 April 2021)**
|_Reconciliation of funds_
Total funds brought forward
**Total funds carried forward**
of investment assets
Unrealised gains on
revaluation of investment assets
**Net gains on investments**
**Net movement in funds**
Realised gains on disposal
Grants payable in furtherance
of the charity's objects
**Total expenditure**
**Net expenditure before gains on investments**
_Expenditure on charitable activities:_
**Total income**
**Expenditure**
_Cost of raising funds:_
Investment management fees
Investment income
Sadborow Trust Company
**Income and endowments**
Donations and legacies|**Unrestricted**
**fund**
**£**
-
8,289
8,289
2,771
89,830
92,601
(84,312)
-
-
-
(84,312)
85,244
932|**Endowment**
**fund**
**£**
-
-
-
-
-
-
-
7,904
107,782
115,686
115,686
384,507
500,193|**Total**
**funds**
**£**
-
8,289
8,289
2,771
89,830
92,601
(84,312)
7,904
107,782
115,686
31,374
469,751
501,125|
|---|---|---|---|
10
## **The G F Eyre Charitable Trust**
## **Notes to the Accounts (continued)**
## **Year ended 5 April 2022**
## **4 Trustees’ Remuneration**
No remuneration or expenses have been paid to the Trustees or their agent.
## **5 Income and endowments**
|**6**|_Investment income_
Income from
UK investments listed on a recognised Stock Exchange
Dividends
Interest
Interest on UK securities
Bank interest
**Fixed asset investments**
Market value at 6 April 2021
Additions
Equalisation
Accumulated income
Disposals
Unrealised (loss) / gain on revaluation at 5 April 2022
**Market value at 5 April 2022 - listed investments**
Cash at Broker
**Value at 5 April 2022**
Breakdown of investments at market value
Investments in the UK
Investments outside the UK
**Market value at 5 April 2022 - listed investments**
**Historical cost as at 5 April 2022**|**2022**
**£**
**710**
**185**
**64**
**11**
**970**
**2022**
**£**
**460,086**
**478,000**
**(2,188)**
**82**
**(460,145)**
**(7,936)**
**467,899**
**2,868**
**470,767**
**467,899**
**-**
**467,899**
**475,835**|**2021**
**£**
6,751
1,152
355
31
8,289
**2021**
**£**
355,954
56,601
(349)
174
(60,078)
107,782
460,084
10,638
470,722
242,527
217,557
460,084
333,634|
|---|---|---|---|
The investments are held primarily to provide an investment return for the Charitable Trust.
All investments are carried out at their fair value. Investments in equities and fixed interest securities are all traded on quoted public markets, primarily the London Stock Exchange. Therefore, fair value has been determined by reference to quoted prices for an identical asset. Investments are moved from Quilter Cheviot to Whitley Asset Management in the month of July 2021.
11
## **The G F Eyre Charitable Trust**
## **Notes to the Accounts (continued)**
## **Year ended 5 April 2022**
## **7 Funds**
The Expendable Endowment Fund resulted from capital settlements on creation of the Charitable Trust, together with capital growth on the Charitable Trust's fixed asset investments. The Expendable Endowment Fund may be applied for such charitable purposes, or invested to produce income for such charitable purposes, as the Trustees consider appropriate.
The Unrestricted Income Fund may also be applied for such charitable purposes as the Trustees consider appropriate.
The Funds of the Charity are represented by the following assets:
|**Unrestricted**
**Income**
**Fund**
_Current year:_
**£**
Quoted investments
**-**
Net cash funds
**987**
**987**
**Unrestricted**
**Income**
**Fund**
_Prior year:_
**£**
Quoted investments
**-**
Net cash funds
**932**
**932**|**Expendable**
**Endowment**
**Fund**
**£**
**467,899**
**35,582**
**503,481**
**Expendable**
**Endowment**
**Fund**
**£**
**460,084**
**40,109**
**500,193**|**Total**
**2022**
**£**
**467,899**
**36,569**
**504,468**
**Total**
**2021**
**£**
**460,084**
**41,041**
**501,125**|
|---|---|---|
## **8 Related Party Transactions**
There have been no related party transactions in the reporting period that require disclosure.
12
## **The G F Eyre Charitable Trust**
## **Notes to the Accounts (continued)**
## **Year ended 5 April 2022**
## **9 Expenditure on charitable activities**
|Donations
**Mr C G S Eyre**
Autistica
Bumblebee Conservation Trust
Farm Africa
Holditch Village Hall
Kidney Research
Lost Chord
Lyme Regis Gig Club
Orchid Project
SSAFA
Warrior Equine CIC
The YOU Trust
**Mrs C A Eyre**
Axminster Choral Society
Children's Air Ambulance
Forde Abbey RDA Carriage Driving
Greenfingers
IFAW
Medicins Sans Frontiers
Melplash Show Society - Discover Farming
Mercy Ships
Operation Smile UK
St Francis Leprosy Guild
St Mary's Church, Thorncombe
**Mr C G S Eyre and Mrs C A Eyre**
Alzheimer's Society
ChemoHero
DEBRA
Julia's House
Lyme Regis Sailing Club Ltd, Youth Section
Lyme Regis Sea School
Pancreatic Cancer UK
**Carried forward**|**£**
**£**
**1,000**
**2,000**
**1,000**
**5,000**
**1,000**
**2,500**
**2,706**
**500**
**1,000**
**5,000**
**2,500**
**24,206**
**1,000**
**2,500**
**2,000**
**4,000**
**1,000**
**1,900**
**5,000**
**2,000**
**2,000**
**2,000**
**3,000**
**26,400**
**1,000**
**1,000**
**9,700**
**4,500**
**7,500**
**7,500**
**1,000**
**32,200**
**82,806**
**2022**|**2021**
**£**
-
29,000
29,000
58,000|
|---|---|---|
13
## **The G F Eyre Charitable Trust**
## **Notes to the Accounts (continued)**
## **Year ended 5 April 2022**
## **9 Expenditure on charitable activities (continued)**
|Donations (continued)
**Brought forward**
**Mrs R E Young**
Above & Beyond
Alive
Auditory Verbal UK
Avon Riding Centre for the Disabled Ltd
Bristol Noise
Caring in Bristol
CCS Adoption (Clifton Children's Society)
Children's Hospice South West
Genesis Trust
Go Beyond
Great Western Air Ambulance Charity
The Green House
Guide Dogs
The Injured Jockeys Fund
Jessie May
Julian House
Julia's House
Lee Abbey Fellowship
Medical Detection Dogs
Meningitis Research Foundation
The National Benevolent Charity
One25
Rainbow Trust
RD&E NHS Foundation Trust Charity
Royal School of Church Music
Royal Signals Charity
School in a Bag
Shelter
The Southmead Hospital Charity
Spinal Injuries Association
St Peter's Hospice
Subtotal carried forward to page 14
**Carried forward**|**£**
**£**
**82,806**
**500**
**800**
**800**
**800**
**500**
**800**
**900**
**800**
**800**
**900**
**2,000**
**800**
**800**
**800**
**800**
**800**
**7,600**
**500**
**800**
**800**
**900**
**800**
**800**
**800**
**1,000**
**800**
**600**
**1,000**
**900**
**800**
**900**
**32,600**
**82,806**
**2022**|**2021**
**£**
58,000
58,000|
|---|---|---|
14
## **The G F Eyre Charitable Trust**
## **Notes to the Accounts (continued)**
## **Year ended 5 April 2022**
## **9 Expenditure on charitable activities (continued)**
|Donations (continued)
**£**
**£**
**Brought forward**
**82,806**
**Mrs R E Young**
Subtotal brought forward from page 13
**32,600**
Trussell Trust
**500**
Unseen
**800**
Water Aid
**800**
**34,700**
**117,506**
All donations were made from general unrestricted income funds.
All donations were made to, or for the benefit of, institutions.
**2022**|**2021**
**£**
58,000
31,830
89,830|
|---|---|