THE THOMAS GIBBINS CHARITY
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
for the year ended 31 December 2025
Registered Charity number.. 246451

THE THOMAS GIBBINS CHARITY
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
CONTENTS
Pages
Administrative information
Trustees, report including statement of Trustees, responsibilibes
Independent examiners, report
Statement of financial activities
(including summary of income & expenditure accounti
Balance sheet
Notes to the financial slalemenls
9-13

THE THOMAS GIBBINS CHARITY
ADMINISTRATIVE INFORMATION
Trustees".
D S Jackson
J A Lomer
Registered office.
Kingsnorth House
Blenheim Way
Birmingham
844 8LS
Bankers".
Virgin Money
133 - 138 New Street
Birmingham
B2 4JQ
Accountants..
Malcolm Piper & Company Limited
Kingsnorth House
81enheim Way
Birmingham
B44 8LS
Investment managers..
R8C 8rewin Dolphin
61n fioor
The Chatwin Building
81 Colmore Row
Birmingham
83 2BA
Registered Charity number.
246451
Enquiries
Mr D S Jackson
Clo Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
844 8LS
Page 1

THE THOMAS GIBBINS CHARITY
TRUSTEES, REPORT
The Trustees present their report and the unaudited financial slalements for the year ended 31
December 2025. The Trustees have adopted the provisions of Ihe Slalement of Recommended
Practice ISORPI 'Accounting and Reporting by Charities IFRS 1021 in preparing the annual report and
financial slalemenls of the Charity.
NATURE OF THE GOVERNING INSTRUMENT
The Trust Fund Is registered as a Charity Iregislered Charity number 2464511 and was established
under the provision contained in the ¢￿icI1 ol the Will of Mr Thomas Gibbins. The Will was dated 9
March 1906 and the codicil 5 July 1907. This was incorporated Into a Trust Deed dated 10 February
1910 ancl amended by a Deed of Variation dated 21 April 1970 and further amended by a revised Trust
Deed dated 27 August 2008 as amended on 24 September 2025
TRUSTEES
The Tmstees who held office during the year were as follows..
D S Jackson
J A Lomer
As the Charity becomes aware of individuals with an interest in the Charity's aclwilies, or Whe￿ il is
perTrived that a Trustee can complement the skills held by Cur￿n1 Trustees, they put In place a plan to
train them.
PRINCIPAL ACTIVITY
The object of the Trust Fund is to apply the income of the Charity in furthering the following objects..
{al Providing pensions, grants and other benefits to employees on their retiring trom the Servi￿ of the
Company. or ils successor businesses, or on their becoming unable lo work..
Ibl Provision of nursing care or other medical assistance lo employees suffering from ill health., and
Icl Provisions of pensions, grants and other benefits for the assistance of the widows. children and
other dependents of deceased employees.
Funds held in the Permanent Fund are not available for the payment o* benefits.
Income from assets in the Permanent Fund is held for the general purposes of the Charity and is
therefore unreslricled.
PUBLIC BENEFIT
The Trustees confirm that they have referred lo 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 a¢livilies and selling the grant making policy lor the year.
Page 2

THE THOMAS GIBBINS CHARITY
TRUSTEES, REPORT {CONTINUEDI
FINANCIAL REVIEW
The results for the year and financial posilion of the Charity are shown in the Slalement of Financial
Activities on page 7 and Balance Sheet on page 8.
The gross income of the Charity for the year ended 31 December 2025 amounted lo £89,96712024'.
£98,384) Direct Charitable expenditure In the form of donations, grants and other benefits paid lolalled
£67,90812024. £66,806) and adminislralive and management expenses nel lolalled £56,28712024'
£88,446). This resulted in a balance of nel expenditure of £34,228 12024. £56,868) dedLJ¢led from
reserves available for future distribution
After a number of years in which uncortainty has resulted in the grant amount boing held unchanged,
the Trustees were pleased lo be able lo increase the grant amount paid lo all recipients by
approximately 60/0 In the last quarter. Again, the Trustees were able lo assist recipients of the grant at
Christmas, when financial budgets can be particularly stretched by awarding all grant recipients a £250
Christmas bonus. During the current year one deferred member became a grant participator after
applying for assistance whilst a further deferred member was awarded a hardship payment during the
year. 11 was with great sadness that we were informed of the death of Iwo grant recipients during the
year.
INVESTMENTS
The Trustees monitor investments Ihiough the appointment ol an investment advisor and the reluins
achieved on those investments against the agreed strategy.
The Trustees are aware ol the continued economic uncertainly both in the UK. Europe and Worldwide.
The UK continues to see a difficult economic outlook which in part Is exacerbated by world events. In
particular, since the year end, the volatility in petrochemical prices is expected lo impact virtually all
industries and sectors. The easing of inflation and interest rates during the first quarter was expected
to provide some economic growth However, inflation is expected ID Increase as the costs incurred by
businesses. due lo Increased oil prices, are passed on to the consumer.
The stock market again finished the year stronger than had been anticipated and this has resijlted In a
continued Increase in the market value of the Investment portfolio. During Ihe year under review, the
investment portfolio saw nel realised and unrealised gains on investments tolalling £100.064 12024..
£87,149).
DONATIONS BENEFIT POLICY
All employees who, at the point of its Iiquidalion, had served a minimLJm of two years for T G Stamping
and Machining Limited or Ils predecessors. can have periods of employment with related companies
Included in their qualifying calculation of their grant benefit.
Page 3

THE THOMAS GIBBINS CHARITY
TRUSTEES, REPORT ICONTINUEDI
RESERVES POLICY
At 31 December 2025 the Charity hel¢Y reserves. less Investment assets and fixed assets, of £109,800
12024". £80.2731. Both Investment assets and fixed assets are invested lo provide a future Income for
the Trust and are therefore not considered lo be distributable assets. The restricted funds. which are
all invested. form the Permanent Fund, which 1s not available for distribution under the terms of the
Trust Deed.
The annual expenditure for the year for the on-going activities was £132,36012024'. £123,9861 including
the exceptional hardship payments made in the year. The cash reserves therefore represent
approximately 6.5 monlhs12024' 7 monlhsl of annual expenditure.
Reserves are necessary because..
A subslanlial part of the income Is derived from the distribution of dividends from investments
in the shares and funds held. These dislribulions are variable and dependent upon the
economic climate. Additionally, distributions are not received in equal or necessarily regular
amounts, resulting in periods of time when no income is being received bul expenditure is still
incurred.
The investment property held requires, from lime to lime, significant expenditure to maintain its
intrinsic value.
The investment property has periods when it is vacant. and the Tmsl has lo fully bear the costs
relating lo such property including council tax, security and utilities during these periods.
PLANS FOR FUTURE PERIODS
The Trustees intend lo continue with the provision of donations, grants 2nd other benefits to retired
employees. They intend to review thèse on an annual basis and re-consider the returns achieved from
investments.
The key uncertainty facing the Charity is the cost of maintaining the investment property without a
Tenant lo provide any income. The Trustees, have engaged professional advisors to guide them on the
various options available lo them including".
letting all or part of the property.
retaining the property unoccupied,
selling the property
demolishing the propety.
To assist a new start-up business, which has been forrned by some of the former employees. the
Trustees have allowed them lo use part of the p¥emises on an initial short-term renl-free basis.
Page 4

THE THOMAS GIBBINS CHARITY
TRUSTEES, REPORT ICONTINUEDI
TRUSTEES. RESPONSIBILITIES
The Trustees are responsible for prepafing the Trustees, Report and financial statements In accordance
with applicable law and United Kingdom accounting standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable lo Charities in England and Wales law requires the Trustees to prepare financial
slalemenls 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 ol the resources of the Charity lor that year. In preparing
these financial slalemenls, the Trustees are required to.
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Chanties SORP IFRS 1021
make judgements and estimates that are reasonable and prudent.,
act in accordance wrth the rules of the Charity, the Charty Commission and the Trust Deed.,
stale whether applicable accounting standards have been followed. subject lo any material
departures discussed and explained the financial slalements.,
prepare fi'nancial slalemènls on the going concem basis unless il is inappropriate lo presume
that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with ieasonable
accur2cy al any lime the financial position of the Charity and enable them lo ensure that the financial
statements comply wrth the Charities Act 2011. the Charities IAccounts and Reports) Regulations 2008
and the provisions of the Trust Deed. They are also responsible for safeguarding the assets ol the Charity
and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities.
STATEMENT OF DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINER
We, the Trustees of the Charity who held office al the dale of approval of these financial slalemenls, as sel
out above, each confirm so far as we are aware. that.
there is no relevant information of which the Charity's Independent Examiner is unaware., and
we have taken all the steps that we ought lo have taken as Trustees in order lo make ourselves
aware of any relevant InformatKJn and lo establish that the Charity's Independent Examiner is
aware of that information
Approved by the Trustees on 20 April 2026 and signed on ils behalf by'.-
D S Jackson
Trustee
Page 5

REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF
THE THOMAS GIBBINS CHARITY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE THOMAS GIBBINS
CHARITY
I report to the Charity Trustees on ry examination of the accounts of the Charity for the year ended
31 December 2025. which are set out on pages 7 to 13.
RESPONSIBILITIES AND BASIS OF THE REPORT
As the Charity's Trustees you are responsible for the preparation of the accounts in accordan￿ with the
requirements of the Charities A¢1 2011 I'lhe A¢l'l
I report in respect of my examination of the Charity's accounts Carried out under section 145 of the Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 14515llbl of the Act.
NDEPENDENT EXAMINER'S STATEMENT
I have completèd my examination I confirm that no materia5 matters have come lo my attention in
connection with the ex8minabon giving me cause to believe that In any material respect.
accounting records were not kept In respect of the Charity as required by section 130 of the Act.,
or
12
the accounts do not accord with these records, or
13}
the accounts do not comply with the applicable requirements concerning the fomi and content
of accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any
requirement that the accounts give a 'lrue and fair view, which is not a matter considered as
parl of an independent examination.
I have no COn￿rn$ and have come across no matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be
reache
er Whitehead FCA
Malcolm Piper & Company Limited
Chartered Accountants
Kingsnorth House
Blenheim Way
Bimiingham
B44 8LS
Date- 20 April 2026
Page 6

THE THOMAS GIBBINS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
Ilncluding summary ot income and expenditure accounti
AS AT 31 DECEMBER 2025
Perrnanent
fund
General
fund
2025 Permanent
Total
fund
General
fund
2024
Total
Income
Investments
Dividends and income from
investments
Rental income
50,448
39,521
50.446
39,521
53.384
45.000
53,384
45,000
Total income
89.967
89,967
98,384
98,384
Expendlture on..
Charitable aelivities
Donations. grants and other
benefits paid
167,908}
167,9081
166,8061
166,8061
Other
Investment property costs
Inole 31
Investment management
costs
Legal and other professional
fees Inole 41
127,343}
127.3431
166.164}
166,1641
14,090)
15,336}
{9,4261
13,4891
15,217}
18,7061
116.6201
116,6201
110.355}
110,3551
Depreciation
12.8981
12.8981
13,2211
13,2211
Total expenditure
4,090
120.105
124.195
3.489
151,763
155,252
Net lexpenditurel before
galns and losses
14,090}
130.138}
134.228}
13,4891 153,379)
156,8681
Nel gains I Ilossesl on
investments
29,302
70,762
100,077
17121
87,861
87.149
Net surplusl{deficitl and
Net movement in funds
25,212
40,624
65,836
14,2011
34.482
30,281
Total funds brought forward
at 1 January 2025
1,026,833
1,058.967
2.085,800 1,031,034 1,024.485 2,055,519
Total funds carried forward
At 31 December 2025
1,052,045
1,099,591
2,151.636 1,026,833 1.058,967 2,085.800
All gains and losses recognised in the year are included above.
These unaudited financial slalements have been subject lo Independent ExaminalK)n. See report on page 6.
The notes on pages 9 10 13 form part of the financial slalemenls.
Page 7

THE THOMAS GIBBINS CHARITY
BALANCE SHEET
AS AT 31 DECEMBER 202S
2025
2024
Note
FIXED ASSETS
Tangible assets
26,086
28,894
Investments
Listed Investments
Investment property
Money held by brokers
1,592,704
406,074
16,972
1,552,797
406,074
17,672
2,015,750
1,976,543
TOTAL FIXED ASSETS
2.041,836
2.005,527
CURRENT ASSETS
Debtors
Trade debtors
Prepayments
18,960
27,630
21,600
17,612
46,590
39,212
Cash and bank account
Current account
70,881
71,473
CURRENT LIABILITIES:
Accruals and other creditors
VAT
17.4101
261
121.3311
9,081
7,671
30.412
NET CURRENT ASSETS
109,800
80.273
NET ASSETS
2.151.636
2.085.800
CHARITY FUNDS
General fund
net current assets
Permanent fund
Investments at cost
net current assets
1,099,591
1,058,967
406,074
644,725
406,074
620.759
TOTAL CHARITY FUNDS
2,151,636
2,085,800
These financial statements were approved and aulhorised for issue by the Board on 20 April 2026
Signed on be
e board of Trustees..
tj £.J
J A Lomer- Trustee
These unaudited financial statements have been subject to independent examination. See report on page 6.
The notes on pages 9 10 13 form part ol the financial slalemenls.
Page 8

THE THOMAS GIBBINS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1 ACCOUNTING POLICIES
a. Charity status
The charity is a consliluled under a Trusl Deed in the United Kingdom and registered wilh the
Charity Commission in England. The address of the principal office is given in the Charity
information on page l of these financial statements. The nature of the Charity's operation and
principal activities are given on page 2.
b. Ba$is of accounting
The financial statements have been prepared in accordance with the Slalemenl of
Recommended Practice ISORPI, Accounting and Reporting by Charities. as app5icable lo
charities preparing their accounts in accordance with the Financial Reporting Standard 102
IFRS 1021 applicable in the United Kingdom and Republic of Ireland and the Charities Act 2011.
The financial statements are prepared on a going concern basis under the historical cost
convention, modified to include investments and investment properties at market value.
The Trust, as a small charity, is exempl from the requirements to prepare a Statement of Cash
flows.
The presentation currency of the financial statements is the pound sterling (£1.
The significant accounting policies applied in the preparation of these financial statements are
set out below. These policies have been consislenlly applied to all years presented unless
otherwise slated.
Fund accounting
General funds are unrestricled funds which are available lor use al the discretion of the
Trustees In furtherance of the general obieclive of the Charsly and which have not been
designed for other pijrposes.
Permanent funds represent those assets which musl be held permanently by the Charity.
principally Inveslmenls. Income arising on the endowment funds can be used In accordance
with the objects of the Charity and is Included as unreslricled income Any capital gains or
losses arising on the Investments form part of the fund Investment management charges and
legal advice relating lo the funds are charged against the fund.
d. Income recognition
All income is included in the SOFA when the Charity Is legally enlrtled lo the income after any
perforrnance conditions have been mel., the amount can be quantified with reasonable
accuracy", and il Is probable that the income will be received
Investment Income is earned Ihrough holding assets for investment purposes such as shares,
investrrEnt funds and property. It Includes dividends, Interest and rental income and is all
allocated lo General Fund in accordance with the Trust Deed
P2ge 9

THE THOMAS GIBBINS CHARITY
NOTES TO THE FINANCIAL STATEMENTS (Continued
FOR THE YEAR ENDED 31 DECEMBER 2025
1 ACCOUNTING POLICIES (Continuodl
e. Expendltur¢ recognition
Al expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related lo the category. Where costs cannot be directly attributed to
particular headings they have been allocated lo activities on a basis consistent with use of the
resources Expenditure Is recognised where there is a legal or conslruclive obligation lo make
payments lo third parties, it is probable thal selllemenl will be required and the amount of the
obligation can be measured reliably. It is calegorised under the following headings.
Expenditure on charilab5e activities includes donations, grants and benefits paid.,
Investment management costs relate lo costs ol professional investment managers and
other expenditure represents those Items not falling into the above categories.
Investmgnt properties
The investment propety is reviewed annually by the Trustees for evidence of potential
impairment having due regard for market conditions and other similar local properties. The
cairying value of the property is adjusted accordingly. The SOFA includes the net gains and
losses arising on revaluation during the year. No depreciation is provided in respect of
Investment properties
g. Investments
Investments are slated al market value at the balance sheet dale. The SOFA includes the nel
gains and losses arising on revaluations and disposals throughout the year.
Investment loans are advanced under an agreement which Provides for a market rate ol Interest.
They are therefore disclosed al eost and no adjustment is made In respect of discounted future
cash flows.
h. Tangible fixed assets
Tangible fixed assets are staled at cost less accumulated depreciation. Cost includes cost
direc#y allribulable to making the asset capable of operating as intended.
Depreciation is charged on all tangible fixed assets. at rates calculated to write off the cost, less
estimated residual value, of each asset on a syslemalic basis over its expected useful life as
follows..
Plant and machinery - 1 Ovo reducing balance.
Debtors and credltors recelvable I payable within one year
Debtors and creditors with no slated interest rale and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Tax
The Charity is exempl from 12X8lion under section 506111 of the Taxes Act 1988 on the basis
that the fund is recognised as a Charity by the Inland Revenue according lo the terms of the
Trust Deed dated 10 February 1910. as 2mended by the Deed ofvarialion dated 21 April 1970,
and further amended by a revised Trust Deed dated 27 August 2008 as amended on 24
September 2025.
Page 10

THE THOMAS GIBBINS CHARITY
NOTES TO THE FINANCIAL STATEMENTS {continued)
FOR THE YEAR ENDED 31 DECEMBER 2025
2 TRUSTEES, REMUNERATION
No Temuneralion has been paid or is payable lo the Trustees either directly or indirectly in the
Current or prior year.
Trustee Indemnity Insurance of £3,43612024'. £3,429) was incurred by the charity in respect of
all the Trustees. Reimbursement of travel expenses, al government approved rates, amounting
10 £3312024.. £1731 was paid by the Charity in respect of one Truslee12024 - one).
3 INVESTMENT PROPERTY COSTS
2025
2024
Council tax
19,272
11,0681
1,362
1,560
750
5,467
51,374
6,690
2,135
1.557
3.758
650
Property insurance
Property security
Property professional fees
Repairs to property
27,343
66,164
4 LEGAL AND OTHER PROFESSIONAL FEES
202S
2024
Independent examiners fee
Accounting and company secretarial fees
Trustee indemnity insurance
Legal fees
Travel. slalionery and postage
Bank charges paid
1,950
4,550
3,436
6,146
333
205
1,950
4,450
3.429
368
158
16,620
10,355
5 EMPLOYEES
There were no full or part lime employees during the year12024' Nill.
Page11

THE THOMAS GIBBINS CHARITY
NOTES TO THE FINANCIAL STATEMENTS Icontinued)
FOR THE YEAR ENDED 31 DECEMBER 2025
6 TANGIBLE FIXED ASSETS
Plant &
machinery
Cost
Balance brought forward
34,200
At 31 De￿mber 2025
34,200
Depreciation
Balance brought forward
Charge for the year
5,216
2,898
Al 31 De￿rnber 2025
8,114
Net book value
31 December 2025
26,086
31 December 2024
28,984
7 INVESTMENT PROPERTIES
Freehold
investment
propety
Cost
At 1 January 2025 and
At 31 December 2025
406,074
Net book value
31 December 2025
406.074
31 December 2024
406.074
The Trustees have considered the carrying value of the Freehold Investment Property al the
Balance Sheet dale and consider that Il is not materially different from the open market value.
Page 12

THE THOMAS GIBBINS CHARITY
NOTES TO THE FINANCIAL STATEMENTS {continued}
FOR THE YEAR ENDED 31 DECEMBER 2025
8 INVESTMENT FUNDS
Market
value
blfwd.
1.1.25
Market
value
clfwd.
31.12.25
Change In
market
value
Additions
DIsp05als
General Fund
937,972
133,140
1183,3071
70,762
958,567
Permanent Fund
614,825
146,717
1156,7071
29,302
634,137
Total Funds
1,552,797
279,857
340,014
100.064
1,592,704
9 STATEMENT OF FUNDS
At
1 January
2025
Net gain on
Investments
At
31 December
2025
Income
Expendtture
General fund
1,058,967
89,967
1120,105}
70,762
1,099,591
Permanent fund
1,026,833
14,0901
29,302
1,052,045
Total funds
2,085,800
89.967
1124,1951
100,064
2,151,636
Details of the funds are given in note 1 c.
Page 13