| CONTENTS | ||||
|---|---|---|---|---|
| Pages | ||||
| Administrative information |
||||
| Trustees' report including statement |
ofTrustees' | responsibilities | 2 —5 | |
| Independent examiners' report |
||||
| Statement offinancial activities |
||||
| (including summary ofincome &expenditure |
account) | |||
| Balance sheet | ||||
| Notes to the financial statements | g —13 |
| THE THOMAS GIBBINS CHARITY | ||||
|---|---|---|---|---|
| ADMINISTRATIVE INFORMATION |
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| Trustees: | DSJackson | |||
| J A Lomer | ||||
| J Hipkiss | ||||
| Registered | office: | Kingsnorth House |
||
| Blenheim Way | ||||
| Birmingham | ||||
| B448LS | ||||
| Bankers: | Virgin Money | |||
| 138New Street | ||||
| Birmingham | ||||
| B24NS | ||||
| Accountants: | Malcolm Piper 8 Company |
Limited | ||
| Kingsnorth House |
||||
| Blenheim Way | ||||
| Birmingham | ||||
| B448LS | ||||
| Investment | managers: | Brewin Dolphin | ||
| 12Smithfield Street |
||||
| London | ||||
| EC1A 9BD | ||||
| Registered | Charity number: | 246451 | ||
| Enquiries | Mr DSJackson | |||
| C/o Malcolm Piper &Company |
Limited | |||
| Kingsnorth House |
||||
| Blenheim Way | ||||
| Birmingham | ||||
| B448LS |
| Permanent | General | 2021 | Permanent | General | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| fund | fund | Total | fund | fund | Total | |||||
| K | E | F. | E | K | ||||||
| Income | ||||||||||
| Investments | ||||||||||
| Dividends and income from |
||||||||||
| investments | 44,955 | 44,955 | 48,843 | 48,843 | ||||||
| Rental income | 43,200 | 43,200 | 43,200 | 43,200 | ||||||
| Total income | 88,155 | 88,155 | 92,043 | 92,043 | ||||||
| Expenditure on: |
||||||||||
| Charitable activities |
||||||||||
| Donations, grants |
and other | |||||||||
| benefits paid | (53,864) | (53,864) | (58,989) | (58,989) | ||||||
| Investment management |
costs | (3,491) | (5,225) | (8,716) | (3,308) | (4,429) | (7,737) | |||
| Other | ||||||||||
| Legal and other professional | fees | |||||||||
| (note 2) | (8,311) | (8,311) | (8,637) | (8,637) | ||||||
| Total expenditure | 3,491 | 67,400 | 70,891 | 3,308 | 72,055 | 75,363 | ||||
| Net (expenditure) | Iincome before | |||||||||
| gains and losses | (3,491) | 20,755 | 17,264 | (3,308) | 19,988 | 16,680 | ||||
| Net gains/(losses) | on investments | 68,514 | 97,967 | 166,481 | (40,796) | 9,376 | (31,420) | |||
| Net surplus/(deficit) | and | |||||||||
| Net movement in |
funds | 65,023 | 118,722 | 183,745 | (44,104) | 29,364 | (14,740) | |||
| Total funds brought forward |
||||||||||
| at 1 January 2021 | 1,012,531 | 1,029,039 | 2,041,570 | 1,012,531 | 1,029,039 | 2,041,570 | ||||
| Total funds carried forward At 31 December 2021 |
1,077,554 | 1,147,761 | 2,225,315 | 1,012,531 | 1,029,039 | 2,041,570 |
| AS AT 31 DE | CEMBER 2021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Note | E | ||
| MONETARY ASSETS | |||
| Cash and bank account balances: | |||
| Current account | 84,872 | 128,857 | |
| 84,872 | 128,857 | ||
| Other monetary assets: | |||
| Indemnity Insurance |
1,998 | 709 | |
| Donations | 12,251 | 13,820 | |
| Rent receivable | 13,560 | 13,560 | |
| 27,809 | 28,089 | ||
| Current liabilities: | |||
| Accruals and other creditors VAT |
(4,300) ~1,375 |
(6,039) ~887 |
|
| 5,675 | 7,026 | ||
| Total monetary assets | 107,006 | 149,920 | |
| INVESTMENT ASSETS | |||
| Listed investments | 6 | 1,678,994 | 1,385,084 |
| Investment property |
5 | 406,074 | 406,074 |
| Money held by brokers | 29,739 | 42,829 | |
| Loans advanced | 9 | 3,502 | 57,663 |
| 2,118,309 | 1,891,650 | ||
| Net assets | 2,225,315 | 2,041,570 | |
| Charity Funds | |||
| General fund |
|||
| - net current assets | 1,147,761 | 1,029,039 | |
| Permanent fund |
|||
| - investments at cost |
406,074 | 406,074 | |
| - net current assets | 671,480 | 606,457 | |
| Total Charity Funds | 2,225,315 | 2,041,570 |
| AL AND OT | H | ER P | ROFE | SSIONAL FEES | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | E | |||||
| Independent | examiners | fee | 1,750 | 1,750 | ||
| Accounting | and company | secretarial fees | 4,400 | 4,400 | ||
| Trustee indemnity | insurance | 2,137 | 1,094 | |||
| Legal Fees | (292) | 1,243 | ||||
| Travel, stationery | and postage | 136 | ||||
| Bank charges | paid | 180 | 150 | |||
| 8,311 | 8,637 |
| STMENT PROPERT | IES | |
|---|---|---|
| Freehold | ||
| investment | ||
| property | ||
| 5 | ||
| Cost | ||
| At1 January2021 | and | |
| At 31 December 2021 | 406,074 | |
| Net book value | ||
| 31 December 2021 | 406,074 | |
| 31 December 2020 | 406,074 |
| Market | Market | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| value | Change in |
value | |||||||
| b/fwd. | market | c/fwd. | |||||||
| 1.1.21 | Additions E |
Disposals 6 |
value 6 |
31.12.21 f |
|||||
| General | Fund | 798,763 | 142,499 | (19,440) | 97,967 | 1,019,789 | |||
| Permanent | Fund | 586,321 | 10,000 | (5,630) | 68,514 | 659,205 | |||
| Total Funds | 1,385,084 | 152,499 | (25,070) | 166,481 | 1,678,994 | ||||
| EMENT | OF | FUNDS | |||||||
| At | Net gain / | At | |||||||
| 1 January | (loss) on | 31 December | |||||||
| 2021 | Income | Expenditure | Investments | 2021 | |||||
| F | 6 | 6 | |||||||
| General | fund | 1,029,039 | 88,155 | (67,400) | 97,967 | 1,147,761 | |||
| Permanent | fund | 1,012,531 | (3,491) | 68,514 | 1,077,554 | ||||
| Total funds | 2,041,570 | 88,155 | (70,891) | 166,481 | 2,225,315 |
| e Charity under d below: |
non-cancellab |
|---|---|
| 2021 | 2020 |
| 8 | 8 |