Charity Registration No. 233120 JOHN GREGSON TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Yshawgibbs accountants & business (vIse[S
JOHN GREGSON TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees James Chiriyankandath Catrin Davies Helen Mason Derek McAuley (Chair} Mark Pearce Melanie Prideaux James Lister Croft (Appointed 26 June 20241 Charity number 233120 Principal addres5 Essex Hall 1-6 Essex Street strand London WC2R 3HY Independent examiner Shaw Gibbs Limited 264 Banbury Road Oxford OX2 7DY Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ Investment advisors Redmayne Bentley 8-10 Victoria Avenue Harrogate HG1 1ED
JOHN GREGSON TRUST CONTENTS Page Trustees, report Independent examiner's report ststement of financial activities Balance sheet Notes lo the financial statements 6-13
JOHN GREGSON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statement5 for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting Policies set out in note 1 to the financial statements and comply with the The John Gregson Trust's governing document, the Charities Act 2011 and Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. Objectives and activities lil The objects of the Trust are the promotion of ¢orporale worship amongst those who profess Christianity in its most simple and intelligible form. inclLJding those churches which are on the Role of the General Assembly of Unitarian and Free Christian Churches. lill The Trustees shall have special regard for the maintenance of the fabric of places of worship within the sphere of lil above which, in their opinion, are of historical and architectural importance. Achievements and performance Significant &clivilies and &ChVementS against objectives The trust has reiVed funding in the form of investment income from its investments which are managed by the Investment Managers. This has enabled it to SUPPDrt a wide range of projects. Grants totalling £13,474 12024.. £8,700) have been authorised during the year. Al the year*nd there were grants outstanding of £10,600 12024.. £3,000). Financial review ReseThes policy It is the poliw of the Charity to retain sufficient funds to meet future commitments. Grants are only paid from funds in hand. If insufficient suitable applications for grants are received. the surplus is invested for future income generation or retained for future grant making. structure. governance and management The John Gregson Trust (which incorporates thè John Gregson Fund and the Charles Booth Fund) is constituted as an unincorporated Charity under a trust deed dated 3 August 1956. The declaration of trust ststes that the adminislralion of the trust shall be undertaken by the Hibbert Trust and hence only trustees of the Hibbert Trust are eligible to be appointed as trustees of the John Gregson Trust. The TrLJStees who served during the year and up to the date of signature of the finan¢ial $latemenl$ were.. James Chiriyankandath Catrin Davies Dorothy Hewerdine Helen Mason Derek McAuley Ichairl Mark Pearce Mèlanie Prideaux James Lister Croft (Resigned 30 April 20251 (Appointed 26 June 20241 Publlc beneflt The charitable activities for the year are in accordan wrfch the Charity Commission's guidan on public benefit. The charity continues to provide grants subject to satisfactory application for funding within its charitable aims and obieclivès ss explained above.
JOHN GREGSON TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees. responsibilities in relation to the financial statements The Iruslees are responsible for preparing the Trustees, Report and the financial stslemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charrf(ies in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that pèriod. In preparing these financial stslemenls, the trustees are required lo". select suitsble accounting policies and then apply them ¢onsislenlly', obsetve the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial slalements on the going Concern basis unless il is inappropriate lo presume that the Charty will continue in operation. The trustees are spOnSible for keeping accounting records that disclose with 8$Onable accuracy at any time the financial position of th& Charity and enable them lo ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and trust deed. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and dele¢tion of fraud and other irregularities. The Trustees. report was approved by the Board of Trustees. PA4.AJ. Derek McAuley (Chairl Trustee Date.. ..36.Jan 2026
JOHN GREGSON TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JOHN GREGSON TRUST report to the Trustees on my examination of the financial statements of John Gregson Trust Ilhe The John Gregson Trust) for the yesr ended 31 March 2025. Responsibilities and basis of report As the Trustees of the The John Gregson Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the CharitiesAct 2011. I report in respect of my examination of the The John Gregson Trust's financial slalements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examlnerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the The John Gregson Trust as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records,. or the financial slalements do not comply wth the applicable requirements conceming the fomi and content of financial slalements sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial stslemenls give a true and fair view, which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Samantha Daniels FCA For and on behalf of Shaw Gibb5 Limited 264 Banbury Road Oxlord OX2 7DY Date.. 30 Jan 2028
JOHN GREGSON TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Unrestrlcted funds funds general capital 2025 2025 Total Unrestrlcted Unrestrlcted funds fund$ general capital 2024 2024 Total 2025 2024 Notes Income from: Investments 31,456 31,456 28,977 28,977 Totsl income 31,456 31,456 28,977 28,977 Expendlturg on: Raising funds Charitable activities Administrative costs 4,954 13,474 5,664 4,954 13,474 5,664 4,881 18,6001 6,155 4,881 18,6001 6,155 Totsl expendlture 24,092 24,092 2.436 2,436 Net gainslllossesl on investments 10 16,2511 {15,8771 122,128) 11,5851 14,5221 {6,1071 Net incomellexpenditurel and movement in funds 1,113 115,8771 114,7641 24,956 14,5221 20,434 Reconciliation of funds- Fund balances al 1 April 2024 240,955 811,999 852,954 215,999 616,521 832,520 Fund balances at 31 March 2025 242,068 596,122 838,190 240,955 611,999 852,954 The notes referred to above form part of these Financial Stslemenls.
JOHN GREGSON TRUST BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Investments 12 773,785 799,111 Current assets Debtors Cash at bank and in hand 13 74,386 4,973 55,348 5,733 79,359 61,081 CreditoTr: amounts falling due within one year 14 114,9541 17,2381 Net current assets 64,405 53,843 Total assets less current liabilitios 838,190 852,954 The funds of the TheJohn Gregson Trust Unrestricted funds- general Unrestricted funds- capital 16 1S 242,068 596,122 240,955 611,999 838,190 852,954 The financial stslements were approved by the Trustees on . Derek McAuley Ichairl Trustee
JOHN GREGSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity inforniation John Gregson Trust is an unincorporated charty. It is registered in England and Wales with charity registered number 233120. The principal address of the Charity is Essex Hall, 1-6 Essex Street, Strand, London, WC2R 3HY. 1.1 Basls of preparatlon The financial statements have been prepared in accordance with the The John Gregson TrLJSt's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" leffedive 1 January 20191. The The John Gregson Trust is a Public Benefit Enlily as defined by FRS 102. The The John Gregson Trust has tsken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial slalements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the The John Gregson Trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost Convention, modified to inclLJde the revaluation of freehold properties and to include investment properties and Certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern Al the lime of approving the financial statements, the Trustees have a reasonable expectation that the The John Gregson Trust has adequate resour5 to Continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use 81 the discretion of the Trustees in furtherance of their Charitable objectives. 1.4 Income Income is recognised when the The John Gregson Trust is legally enlilled lo il after any performance conditions have been mel, the amounts can be measured reliably, and it is probable that income will be received. 1.$ Expgndlture Expenditure is recognised once there is a legal Dr conslruclive obligation lo transfer economic benefit to a third party, It is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of direct costs and shared costs. including support ¢osls involved in undertaking ea¢h activity. Direct costs attributsble lo a single adivity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not altribulable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
JOHN GREGSON TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnuedl 1.6 Flxed asset Investments Fixed asset investments are initially measured at transaction price exduding transaction costs, and are subsequently measured at fair value al each reporting date. Changes in fair value are recognised in nel incornellexpenditurel for the year. Transaction costs are expensed as incurred. 1.7 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilities. 1.8 Financial instruments The The John Gregson Ttusl has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the The John Gregson Trust's balance sheet when the The John Gregson Trust becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slatemenls, when there Is a legally enforceable right lo sel off the recognised amounts and there is an Intention to sellle on a nel basis or lo realise the asset and setue the liability simultaneously. BasiTC financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amorbsed cost using the effective interest method unless the arrangement ¢onslilules a financing transaction, where the transaction is measured at the present value of the future receipts dIsLInted al a market rale of interest. Finanryal assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing transaction, where the debt Instrument is measured al the present Value of the future payments discounted at a matkel late of Intere51. Financial Iiabililies classified a5 payable wthin one year are not amortised. Debt instruments are subsequenuy carried al amortised cost. using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current Iiabililies. Trade creditors are recognised Initially al transaction price and subsequently measured al amortised cost using the effective interest method. 1.9 Taxation The Charity does not trade for tsx purposes and hence is not liable lo Corporation Tax on ils surplus. 1.10 Fund Accounting The Charity maintains a Capital fund. The capital ftjnd is established to protect the real value of the funds into the future and are not available for distribution. An amount equal to the increase in value of investments in line with RPI is sel aside from realised or unrealised gains in the year and credited to the capital fund. Any excess realised or unrealised gains are allocated lo the unreslricled fund and are lo be used in accordance with the charitable objects.
JOHN GREGSON TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the The John Gregson Trust's accounting policies, the Trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and ftjture periods where the revision affects both current and future periods. In¢omg from Invgstmonts Unrestrlcted Unrestrlcted funds funds 2025 2024 Income from listed investments Interest receivable 31,334 122 28,664 313 31,456 28,977 Expenditure on raising funds Unrestricted Unrastrictgd funds funds 2026 2024 Investment management 4,954 4,881 Expendlturg on ¢harltab19 0¢llvltlg$ John Grggson Trust 2025 John Gregson Trust 2024 Direct costs Grant funding of activities (see note 71 13,474 18,6001 Analysis by fund Unrestricted funds- general 13,474 18,6001 Admlnlstratlvg costs The Hibbert Trust provides administration services lo the John Gregson Trust. This service cost £5,51512024'. £3,154). Included in this amount is a proportion, £1,240 12024.. £1,286) of the totsl Independent Examinerfs fee of £4,27012024.'£3,9901
JOHN GREGSON TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Grants awarded John Gregson Trust 2025 John Gregson Trust 2024 Grants lo institutions.. Flowery Field Dean Row Chatham Norcliffe Chapel Shrewsbury King Edward Sl. Macciesfield Bayshill Chellenham Chorley Gellionen and Craig Pepper Hill Brighton Unitarian Church 600 600 600 600 3,500 600 1,000 600 600 3,474 8,000 2,000 13,474 8,700 Grants cancelled Allrincham Brookfield Christchurch Ditching Maidslone Newry 12,5001 16001 16001 15.0001 {3,6001 15,0001 117,3001 Support costs allocated to actlvltles 202S 2024 Secretary & Fin Man Travel Sundry Governance costs 890 614 365 4,286 497 177 4,990 5,664 6,155 Analysed between: Adminislralive costs 5,664 6,155
JOHN GREGSON TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to actlvltles Icontlnuedl 2025 2024 Governance costs comprise.. Independent examination fees Accountancy 1,240 3,750 1,286 3,000 4,990 4,286 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Numb9r Total There were no employees whose annual remuneration was more than £60,000. 10 Galn$ and lo$s&s on Investments Unrestrlcted Unrestrlcted funds funds general Capital 2025 2025 Total Unrestrl¢ted Unrestrfcted funds funds general capital 2024 2024 Total 2025 2024 Gainslllossesl arising on.. Revaluation of investments Sale of investments 16,4911 240 115,8771 122,3681 240 18291 17561 14,5221 15,3511 17561 16,2511 115,8771 122,1281 11,5851 14,5221 16,1071 11 Taxatlon The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes. 10-
JOHN GREGSON TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 12 Fixed asset investments Llsted Investments Cost or valuation At 1 April 2024 Additions Valuation changes Realised gain Disposals 799,111 16,959 122,9781 850 120,1571 Al 31 March 2025 773,785 Carrying amount Al 31 March 2025 773,785 Al 31 March 2024 799,111 2025 2024 Investments al fair value comprise.. Fixed asset investment UK equity funds Overseas equity funds Multi-assel funds Property Altemalive funds 134,666 100.022 289,853 51,841 89,117 108,286 1134,4681 1103,9441 299,331 52.593 93,272 115,503 773,785 799,111 13 Debtors 2025 2024 Amounts falling due within one year- Other debtors Prepayments and accrued income 71,898 2,488 54,910 438 74,386 55,348 14 Credltors: amounts falllng due wlthln one year 2025 2024 Other creditors Accruals and deferred income 10,600 4,354 3,000 4,238 14,954 7,238
JOHN GREGSON TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 15 Unrestricted funds- capital These are unreslricled fvnds which are material lo the The John Gregson Trust's activities. At 1 April 2024 Gains and At 31 March losses 2025 Capital fund 611,999 115,8771 596,122 Prevlous year: At 1 April 2023 Galns and At 31 March losses 2024 Capital fund 816,521 14,5221 611,999 16 Unrestricted funds The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources expended Gains and At 31 March losses 2025 General funds 240,955 31,458 124,0921 16,2511 242,068 Prevlous year: At 1 Aprll 2023 Incomlng rgsourc Resources expended Galns and At 31 March los$e$ 2024 General funds 215,999 28,977 12,4361 11,5851 240,955 17 Analysi$ of net a$$gts betW99n funds Unrestricted Unrestricted funds funds general capital 2025 2025 Total 2025 At 31 March 2025: Investments Current assetsllliabilitiesl 177,663 64.405 596,122 773,785 64,405 242,068 596,122 838,190 12-
JOHN GREGSON TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 17 Analysls of net assets between funds Icontlnuedl Unrestrlcted Unrestrlcted funds funds general capital 2024 2024 Total 2024 At 31 March 2024- Investments Current assetsllliabililiesl 187,112 53,843 611,999 799,111 53,843 240,955 611,999 852,954 18 Relatgd party tran$a¢tlon$ None of the trustees were paid remuneration by the Charity during the year12024' nill. For administrative purposes, all of the bank transactions of the John Gregson Trust are undertaken by the Hibbert Trust. This results in an amount due to or from the Hibbert Trust. That amount at the year-end is £71,898 due from the Hibbert Trust 12024.. £54,910). Al of the trustees of the John Gregson Trust are also trustees of the Hibbert Trust and vice versa. Administrative costs of the Hibbert Trust are inCUrd in common with the John Gg$On Trust. The Hibbèrt Trust charges an appropriate amount to the John Gregson Trust annually. The amount for the current year is £5,51412024.' £3,154). During the year the S trustees12024.' 61 were reimbursed expenses of £1,491 12024.. £2,302) to cover travel costs to meetings and small items of expenditure made on behalf of the Hibbert Trust. None of these costs {2024'. £3761 were charged ID the John Gregson Trust. 13-