The G F Eyre Charitable Trust Annual Report Year ended 5 April 2024 Registered Charity number 216040 The G F Eyre Charttable Trust Contents Year ended 5 Aprll 2024 Page Truslegs. Report Independent Examinerfs Reptsrt to the TTuslees Slalemenl of Financial Activities Balance Sheet 7-11 Notes to thè Accounts Tha G F Eyre Charltable Trust Tru5tees' Report Yaar ended 5 Aprfl 2024 The Trustees present their Annual Report and the financial slalements for the year ended 5 April 2024. The financial statements comply with the Charities Act 2011 and A¢¢ounting and Reporting by Charities-. Statement of Recommended Practi￿ applicable lo charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}- Objective$ and Actlvlt19$ The obje¢live of the Charity is lo support such charitable purposes generally and in such manner as the Trustees in their absolute discretion may from lime lo time determine. The Trustees have referred lo the guidance contained in the Charity Commission's general guidance on publi¢ benefit when reviewing the Charity's aims and objectives and in planning future activities and making monetary grants lo good caus&s. The Trusl&es supported a widé range of different local and n8tional causes, including charities working for human medical research, the relief of suffering and respite, 8nd conservation. Achievements and Perfomiance During the year ended 5 April 2024, the Trustees made 60 separate grants, lotalling £84,700 to goDd causes. Individual grants ranged from £500 10 £5.000. The Charty in¢urred investment management fees of £775. Finan¢lal Review The attached accounts show that the Charity's investments increased In value lo £471,175. The Iruslees are satisfied that the current stale of ils fi'nances is sound. Investments The investments held by the Charity were a¢quired in accordance with the powers grantod to the Trustees in the Trust Deed and are managed on a discretionary basis by a firm of professional stockbrokers. Donations Polic The Trustees grant dOna￿OnS lo good causes on a discretionary basis. onflicts of Intarest 11 is the policy of Ihe Iruslees to follow Ihts guidance given by tho Charity Commission in "Conflicts of interest.. a guide for charity Iruslees" ICC291. The G F Eyre Charltable Trust Trustees. Report Icontlnuedl Year anded 5 April 2024 Reserves Pollcy The Trustees and their agent continually monitor the level of unrestricted funds. Unreslricled funds comprise both the UnreslThcled Income Fund and the Expendable Endowment Fund (because th& Iruslees have discretion lo make charitable payments from both income and capilall. Together, these are the free reserves of the charity. The Trustees and their agont ensure that they are sufficient lo meet the payment obligations of the charity as they fall due. At 5 April 2024 the charity had nel bank and cash balances of £115,95812023.' £78,336). of which £80.119 12023.. £42,506) ￿preSentS unrestricted reserves. In the Trustees, opinion. the level of income reserves at 5 April 2024 was sufficient for requirements. Structure, Govemance and Management The Trustees meet annually on a formal basis. In the interim, payments lo good causes are nominated by individual Trustees and the adminislralion of the Charty is carried on by an agent appointed by the Trustees. There are no employees. Under th8 Trust Deed, the power of appointing new or addllional Trustees is vested in the Trusl888. Future Plans In Ihg y&8r ahead the Trustees plan to continue to PUTsue the Charitys objectives by making monetary grants lo good causes, with donations continuing lo be made on a discretionary basis. Referen¢e and Administrative Details Trustees Mrs C A Eyre MrCGSEyre Mrs R E Young Charity number 216040 Principal Address Clo Mrs D C Pgallie Centenary House Peninsula Park, Rydon Lane Exeter EX2 7XE Chairman MrCGSEyre Independent Examingr Nell Hllchings FCA Francis Clark LLP Chartered Ac¢ounlanls Centenary House Peninsula Park. Rydon Lane Exelei EX2 7XE The G F Eyre Charitable Trust Trustees. R&port Icontlnuedl Yaar ended 5 April 2024 Statement of Trustees, Responslbllltles The Trustees are ￿sponSible for preparing the Trustees. Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Stsndards Iuniled Kingdom Generally Accepted Accounting Practice}. The law applicable lo charities In England and Wales requires the Trustees lo preparè financial slalements for èach financial year which give a true and fair view of thè slate of affairs of the Charity and of the incoming resources and 8pplicatlDn of resources of the Charity lor that period. In preparing Ihests financial slalemgnts. the Trust¢es are required lo.. S818cl suitable accounting polici8s and then apply them consistently, observe the methods and principle8 in the Charities SORP.. make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial statements on Ihe going concern basis unless il is inappropriate lo p￿sume that the Charity will continue in operation. The Trustees are responslble for keeping proper accounting records that disclose with reasonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financial slat8m8nts 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 charitsble trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by th8 Trustees on 2s i.Y4...... . and signed on their behalf by.. MrsCAEyre- rustee yre rustee Mrs R E Young- ruslee Dale.. The G F Eyre Charltable Trust Independent Examlner's Report to the Trustees Year endad 5 Aprll 2024 I r@port to the trustees on my examination of the accounts of the G F Eyre Charitable Trust I'lhe Charit￿) for the year erided 5 April 2024. which are sel OLJI on pages 5 to 11. Responslbllltles and basls of report As the charity Irusl8es of the Charity you aff responsible for the preparation of the accounts in a¢cordance with the requirements of the Charities Act 20111.lhe Acl'l. I report in respect of my examination of th8 Trusl8¢'s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicabl8 Directions given by the Charity Commissioner under section 14515llbl of the 2011 Act. Independent examlner's statement I hav& completed my examination. I confirm that no ￿aterial rllatters hav8 come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. lal a¢¢ounling records were not kepl in respect of the Charity as required by section 13LI of the Act., or Ibl the accounts do not accord with those records., or Icl the accounts do not comply with the applicable requirements concerning the fomi and content of accounts sel out in the Charities IAc¢ounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. which is not a rnattar considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the exarninalion lo which allenlion should be drawn In thls r8POrt In ord6r to en8ble a proper underslandlng of the accounts to be reachèd. Neil Hitchings FCA Independent Examiner Francis Clark LLP Charted Accountants Centenary House Peninsula Park, Rydon Lane Exeter EX2 7XE Dats.. Q IOL The G F Eyre Charltable Trust Statement of Flnan¢lal Activities Year ended S April 2024 Unr9$tricted Endowment fund fund Totsi 2024 Total 2023 Income and endowments Donations and legacies Sadborow Trust Company 120,000 120,000 120.000 Interest income 2,883 2,883 547 Investment income 288 288 4,898 Total incoma 123,171 123.171 125.445 Expenditure Cost of raising funds.- Bank charges Investment management fees 83 83 775 83 1,515 775 Expenditure on charltable activities.. Trust88 training Grants payable in furtherance of the charitys objects 228 84,700 84,700 82,100 Total expendlture 85,558 85.558 83,926 Net in¢ome I lexpendlturel before gains I110ssesl on investments 37,613 37,613 41,519 Realised gain on disposal of investment assets Unrealised Ilossl I gain on revaluation of investment assets 61,968 61,968 {58,6921 Net galns on investmonts 61,968 61,968 158,6921 Net movement in funds 37,613 61,968 99,581 117.1731 Reconciliation of funds Totsl funds brought forward 42,506 444,789 487,295 504,468 Total funds carried forward 80.119 506,757 586,876 487,295 The notes on pages 7 to 11 form part of these awounls. Thè G F Eyre Charltable Trust Balance Sheet As at 5April 2024 2024 2023 Note Fixed assets Investments 471,175 409,207 Totsl fixed assets 471,175 409,207 Currant ass•ts Cash al bank and in hand Bank current account Bank deposit a¢count Investment ¢ash account 3,130 106,066 6.762 4.163 66,683 7,490 Total current assets 115,958 78.336 Current liabilities Accruals 1257) 12481 Total current liabilities 12571 12481 Net assèts 586,876 487,295 The funds of the ¢hartty Endowmgnt funds Unreslricled income funds 506,757 80,119 444,789 42,506 Total charity funds 586,876 487,295 The financial slalements on pages 5 to 11 were approved by the board of trustees on 25 106 I'L4 and were signed on their behalf by.. Mrs C A Eyr6- Trustee Mrc G S Eyre- Trustee Mrs R E Young - Trustee Tho G F Eyre Charltable Trust Notes to the Accounts Yoar ended 5 April 2024 General Infomiatian Th8 G F Eyre Charitable Trust is an unincorporated charitable trust registered as a charity. Details of the charity, including the Prlncipal Address. are included in Reference and Administrative details in the Trustees, report. Aeeounting Pollclas The principal acGounting policies adopted in the preparation of the financial stalernents ar8 as follows: a) Basls of preparatlon The financial statements have been prepared in accordance wlh 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice, applicable to Charities preparing their accoLJnts in accordan¢e with the Charities SORP IFRS1021, the Charities Act and the Financial Reporting Standard applicablo in Ihe UK and Republi¢ of Ireland IFRS1021. The accounts have be8n prepared under the historical ¢osl convention wth items recognised al cost or transaction value 8x¢opt that certain items are carried al fair value. The financial slalements have been prepared to give a 'lrue and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required Its provide a 'true and fair view,. The departure has involved following Accounting and Reporting applicable in the UK and Republic of Ireland {FRS 1021 rather than thè Accounting and Reporting by Charities.. Stslement of Recommended Practice effective from 1 April 2005 which has b88n ￿￿thdraWn. 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 lo continue as a goin9 ¢oncern, Iher8fore Ihg financial statements have been prepared on a going ¢oncern basis. The functional currency of the G F Eyre Charitsble Trust is considered to be pounds sterling as that is the currency of th8 primary econoTnic environment in which the charity operates. bl Investment assets and Income Investments are carried at fair value. Gains or losses on disposals and on annual valtjation of investrnenls are credited or charged in the Statement of Financial Activities. Dividgnds and interest receivable are shown in the Ststemenl of Financial Aclivilies. Th& G F Eyrg Charltsble Trust Notes to the Accounts (continued) Yèar ènded 5 April 2024 Accounting Policiès Icontinuedl ¢1 Funds Unrestricted funds are donations and c)Iher inwming resour¢es 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 lo produce income for such charitable purposes as the Iruslees consider appropriate. Although the Trust Deed allows the Trustees to make charitable payments out of all the charity's funds, il is the Trustees, policy lo make payrnenls out of income funds. dl Incoming resources Voluntary income is received by way of donations and gifts and is included in full in the Slalemenl of Financial Activities when the charity has enlillemenl lo the income, there is sufficient ￿rtaInty of receipt, il is probable that the income will be received and the amount of income receivable can be measured reliably. QLJOted investments roceivable are included al market value on the date of the gift. The value of services provided by volunteers has not been included. el Expenditure Rtrsources expended are recognised in the period in which Ih8y are Sncurred. Resources expendod include attributable VAT which cannot be recDv8red. Grants payable Grants made voluntarily by the Charity are recognised when the oblig8ts.on lo pay arises. gl Taxatlon Taxation payable, less amounts receivable. is deducted from the source of incorne or added lo the item of expenditure that gives rise lo il on the face of the Statement ol Financial Acliwties. Gift Aid income includes re¢overable tsx. The G F Eyre Charltsble Trust Notes to thè Accounts {¢ontinued Yéar ended S April 2024 Trustees, Remuneratlon No remuneration or expenses have been paid lo the Tnlslees or their agent. Flxed asset Invfrstments 2024 2023 Market value ot 6 April 2023 Additions 409.207 467,899 Equalisalion Accumulated income Disposals Unrealised gain I Ilossl on revaluation al 5 April 2024 61,968 158,6921 Market value at 5 April 2023- Ilsted investments Cash at Broker 471,175 6,762 409,207 7,490 Value at 5 April 2024 477,937 416,697 Hlstorlcal cost as at 5 April 2024 475,835 475,835 The investments are held primarily to provide an investment return for the Charitable Trust. All investrnents are carried out al 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 ha5 been delerrnined by reference lo quoted prices for an identical asset. 10 Th& G F Eyre Charltable Trust Notes to the Accounts Icontinuedl Y&ar ènded 5 Aprll 2024 Funds The Expendable Endowment Fund resulted from capital selllemenls on creats'on of the Charitable Trust, together with capital growth on the Charitable Trust's fixed asset inveslmenls. The Expendable Endowment Fund may be applied for such charitable purposes, or invested lo produce income for such charitable purposes, as the Trustees consider appropriate. The Unreslricled Income Fund may also be applied for such Charitable purposes as thg Trustees consider approprialg. The Funds of the Charity are represented by the following assets.. Unrestricted Expendable Income Endowment Total Fund Fund 2024 Current year.. Quc>ted investments 472.868 472,868 Nel cash funds 80,119 33,889 114,008 80.119 506,757 586,876 Unrestricted Expendable Income Endowment Fund Fund Total 2023 Prioryear.. Quoted investments 411,831 411.831 Nel cash funds 42,506 32,958 75,464 42.506 444,789 487,295 Related Party Transactlons The Trustees are also Directors of Sadborow Trust Company, and shareholders of ils parent cornpany. Sadborow Trust Company made donations totalling £120,000 lo the Charitable Trust during the year, as shown in the Slalemenl of Financial Activities on page 5. The G F Eyre Charitable Trust Notes to the Accounts (continued Yoar endgd 5 Aprll 2024 Expanditura on charttsble a¢tlvitles Donations 2024 2023 MrCGSE re The Olive Branch Counselling Service Family Counselling Trust Acorn Multi Academy Melplash Agricultural Society 8ridpDrt Literary Festival Beaminsler Festival Weldmar Hospice 750 2,000 3,000 2,500 1.250 1,250 2,500 13,250 38.700 MrsCAE re Leprosy Mission Christian Aid Axminsler and Lyme Cancer Support Smile Train UK 1,000 5,000 2,000 2,000 1,000 1,000 1,000 2,000 2,000 1,000 2,000 750 2,000 1,250 2,500 2.500 1.250 South Wessex Organ Society Blesma Somersel Sight Sightsavers Childrens Air Ambulance Leprosy Mission Axminster Hospital League of Friends The Ollve Branch Counselling Service Axminster and District Choral Society Bridport Literature Festival Melplash Agricultural Society Weldmar Hospic& Beaminsler Festival of Music 30,250 11.000 MrCGSE reandMrsCAE re Mrs R E Youn Julias House Rainbow Trust- uncashed ¢hq Meningitis Research Foundation Dorsel Mind 500 18001 1,500 1.000 1.500 Parkinson's UK Julian House School in a Bag Children's Hospice South Wesl Dorsel and Somerset ￿r Ambulance Rainbow Trust CCS Adoption Julia's House Avon Riding Centre for the Disabled R D & E NHS Foundation Trust charity Go beyond Unseen Alzhèimerts Society Shelter Royal School of Church Muslc Hospiscare SSAFA Guide Dogs The Dorsel Childrèn's Foundation Lee Abbey fellowship Caring in Bristol One25 Injured Jockeys Fund Epi¢ GIGability Alive we the Curious Water Aid 1,500 1.000 1.000 2,000 1.000 1,000 2,000 1,000 1,000 1,000 1,000 1,500 2,000 1,000 1.000 1,000 1,000 1,000 1,000 1,000 1,500 1,000 500 1,000 2,000 1.000 1.500 1,000 1,000 1.500 1,500 Genesis Trust Trussell Trust Spinal Injuries Association Medical Detection Dogs Auditory Verbal UK 41,200 32,400 84,700 82,100 All donations were made from general unreslrictsd income funds.