2024-03-31-accounts - The G C Gibson Charitable Trust

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		Page
Report ofthe Trustees		to	5
Report oftheIndependent Auditor	6	to	8
Statement ofFinancial Activities		9
Statement ofFinancial Position		10
Statement ofCash Flows		11
Notes to the Statement ofCash Flows		12
Notes to the Financial Statements	13	to	20
Detailed Statement ofFinancialActivities		21

		31.3.24	31.3.23
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Investmentincome	2	528,580	583,391
EXPENDITURE ON
Raisingfunds	3	61,935	55,867
Charitable activities	4
CharitableDonations		523,251	489,671
Total		585,186	545,538
Netgains/(losses) on investments		703,154	(855,697)
NET INCOME/(EXPENDITURE)		646,548	(817,844)
RECONCILIATION OF FUNDS
Total funds broughtforward		16,480,019	17,297,863
TOTAL FUNDS CARRIED FORWARD		17,126,567	16,480,019

		31.3.24	31.3.23
		Unrestricted	Total
		fund	funds
	Notes	£	£
FIXED ASSETS
Investments
Investments	9	16,116,561	14,840,645
Investmentproperty	10	391,822	415,875
		16,508,383	15,256,520
CURRENT ASSETS
Debtors	11	5,150	11,951
Cashatbankand inhand		627,041	1,217,184
		632,191	1,229,135
CREDITORS
Amounts fallingdue withinone year	12	(14,007)	(5,636)
NET CURRENT ASSETS		618,184	1,223,499
TOTAL ASSETS LESS CURRENT
LIABILITIES		17,126,567	16,480,019
NET ASSETS		17,126,567	16,480,019
FUNDS	14
Unrestricted funds		17,126,567	16,480,019
TOTAL FUNDS		17,126,567	16,480,019

		31.3.24	31.3.23
	Notes	£	£
Cash flows from operating activities
Cashgenerated fromoperations		(542,501)	(378,843)
Interestpaid		(60)	(87)
Netcash used in operating activities		(542,561)	(378,930)
Cash flows from investing activities
Purchase offixed assetinvestments		(1,439,744)	(391,330)
Sale offixedasset investments		281,126	374,851
Interestreceived		16,018	45,608
Dividends received		485,437	512,033
Netcash(used in)/providedby investing activities		(657,163)	541,162
Cash flows from financing activities
New loans inyear			(112,447)
Loanrepayments in year		609,909	36,913
Netcash provided by/(used in) financingactivities		609,909	(75,534)
Change in cash and cash equivalents in
the reporting period		(589,815)	86,698
Cash and cash equivalents at the
beginning of the reporting period	2	1,216,856	1,130,158
Cash and cash equivalents at the end of
the reporting period	2	627,041	1,216,856

OPERATING ACTIVITIES
	31.3.24	31.3.23
	£	£
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)	646,548	(817,844)
Adjustments for:
(Gain)/losses on investments	(703,154)	946,289
Interestreceived	(16,018)	(45,608)
Interestpaid	60	87
Dividendsreceived	(485,437)	(512,033)
Decrease in debtors	6,801	64,461
Increase/(decrease) increditors	8,699	(14,195)
Net cash used in operations	542.501)	(378.843)
ANALYSIS OF CASH AND CASH EQUIVALENTS
	31.3.24	31.3.23
	£	£
Cash inhand	5,027	5,027
Notice deposits (lessthan 3 months)	622,014	1,212,157
Overdrafts included inbankloans andoverdrafts falling duewithin oneyear		(328)
Totalcash and cashequivalents	627,041	1,216,856

Notes to the Financial Statements - continued	Notes to the Financial Statements - continued
for the	Year Ended 31 March 2024
2.	INVESTMENT INCOME
		31.3.24	31.3.23
		£	£
	Rentsreceivable	27,125	25,750
	Investment incomereceivable	485,437	512,033
	Depositaccount interest	14,616	8,414
	Other interestreceived	1,402	37,194
		528,580	583,391
3.	RAISING FUNDS
	Raising donations and legacies
		31.3.24	31.3.23
		£	£
	Supportcosts	12,912	9,514
	Investment management costs
		31.3.24	31.3.23
		£	£
	Portfoliomanagement	48,963	46,266
	Interestpayable and similarcharges	60	87
		49,023	46,353
	Aggregate amounts	61,935	55,867
4.	CHARITABLE ACTIVITIES COSTS
			Grant
			fundingof
			activities
			(see note
			5)
			£
	CharitableDonations		523,251
5.	GRANTS PAYABLE
		31.3.24	31.3.23
		£	£
	CharitableDonations	523,251	489,671

	Unrestricted
	fund
	£
INCOME AND ENDOWMENTS FROM
Investment income	583,391
EXPENDITURE ON
Raisingfunds	55,867
Charitable activities
CharitableDonations	489,671
Total	545,538
Netgains/(losses) on investments	(855,697)

				Unrestricted
				fund
				£
	NET INCOME/(EXPENDITURE)			(817,844)
	RECONCILIATION OF FUNDS
	Total funds broughtforward			17,297,863
	TOTAL FUNDS CARRIED FORWARD			16,480,019
9.	FIXED ASSET INVESTMENTS
			31.3.24	31.3.23
			£	£
	Shares		16,096,561	14,210,736
	Loans		20,000	629,909
			16,116,561	14,840,645
	Additional informationas follows:
		Listed	Unlisted
		investments	investments	Totals
		£	£	£
	MARKET VALUE
	At 1 April 2023	14,028,272	727,075	14,755,347
	Additions	848,580	591,164	1,439,744
	Disposals	(288,707)		(288,707)
	At31 March2024	14,588,145	1,318,239	15,906,384
	PROVISIONS
	At 1 April 2023	240,504	304,107	544,611
	Revaluation adjustments	(774,928)	40,140	(734,788)
	At31 March2024	(534,424)	344,247	(190,177)
	NET BOOK VALUE
	At31 March2024	15,122,569	973,992	16,096,561
	At31 March2023	13,787,768	422,968	14,210,736
				Other
				loans
				£
	At 1 April 2023			629,909
	Repayments inyear			(609,909)
	At31 March2024			20,000

Notes to the Financial Statements - continued	Notes to the Financial Statements - continued
for the	Year Ended 31 March 2024
11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.3.24	31.3.23
				£	£
	Otherdebtors			5,150	11,951
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.3.24	31.3.23
				£	£
	Bank loans andoverdrafts (seenote 13)				328
	Othercreditors			14,007	5,308
				14,007	5,636
13.	LOANS
	Ananalysis ofthematurityofloans is givenbelow:
				31.3.24	31.3.23
				£	£
	Amounts fallingdue withinoneyearondemand:
	Bankoverdrafts				328
14.	MOVEMENT IN FUNDS
				Net
				movement	At
		At	1.4.23	infunds	31.3.24
			£	£	£
	Unrestricted funds
	General fund	16,480,019		646,548	17,126,567
	TOTAL FUNDS	16,480,019		646,548	17,126,567

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	528,580	(585,186)	703,154	646,548
TOTAL FUNDS	528,580	(585.186	703,154	646,548

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	infunds
	£	£	£	£
Unrestricted funds
General fund	583,391	(545,538)	(855,697)	(817,844)
TOTAL FUNDS	583,391	(545.538)	(855.697)	(817.849

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	infunds
	£	£	£	£
Unrestricted funds
General fund	1,111,971	(1,130,724)	(152,543)	(171,296)
TOTAL FUNDS	1,111,971	(1,130,724)	0152.543)	071.296

Detailed Statement of Financial Activities for the Year Ended 31 March 2024
	31.3.24	31.3.23
	£	£
INCOME AND ENDOWMENTS
Investment income
Rentsreceivable	27,125	25,750
Investmentincomereceivable	485,437	512,033
Depositaccount interest	14,616	8,414
Other interestreceived	1,402	37,194
	528,580	583,391
Total incoming resources	528,580	583,391
EXPENDITURE
Investment management costs
Portfoliomanagement	48,963	46,266
Bank interest	60	87
	49,023	46,353
Charitable activities
Grants to institutions	523,251	489,671
Support costs
Management
Travel costs	352	398
Governance costs
Auditors'remuneration	5,775	5,372
Sundries	192	144
Accountancyandprofessional	6,593	3,600
	12,560	9,116
Totalresources expended	585,186	545,538
Net (expenditure)/income before gains and
losses	(56,606)	37,853
Realised recognised gains and losses
Realisedgains/(losses) on fixedassetinvestments	(7,581)	(68,710)
Net expenditure	(64,187)	(30,857)