THE E.W. GLADSTONE CHARITABLE TRUST Financial Statements for the year ended 5th April 2024 Charity Number 260417
THE E.W. GLADSTONE CHARITABLE TRUST Trust Information Year ended 5th April 2024 Trustees.. Sir C Gladstone Lady C Gladstonc Mrs V Mcrison Bankers.. Coutts & Co Buckingham Branch 440 Strand London WC2R OQS Investment Manager5'. HSBC Asset Mana¥cTnciit HSBC Investment Bank PIC 78 Si. James's Street London SWIA IHL Independent Examiner: R J Hall FCA Mitchell Charlesworth 24 Nicholas Street Chester CHI 2AU Registered office.. Hawarden Castle Flintshire CH5 3PB
THE E.W. GLADSTONE CHARITABLE TRUST Trustees, Annual Report Year ended 5th April 2024 Thc Trustccs prcscnt thcir rcport and financial statcmcnts for thc ycar cndcd 5ih April 2024. Objeets of the Charity Thc Charity was constitutcd undcr a trust dccd dated 5th Dccembcr 1969 for gcncral charitable purposes. Rcgistercd Charity Numbcr 260417. Organisation of the Charity Dctails of thc Truslccs and principal 0]ccr5 scrving throughout thc ycar can bc found on pagc l. Invcstmcnt poIiLy IS dcc'idcd by Ihc Tru51¢cs on the basis of advicc from HSBC Assct Managcmcnt, whu admini5tcr the portfolio. Thc Truslccs dccidc upon thc r¢Lipicni and thc Icvcl of donations madc by thc Charity. Review of the Year The Statement of Financial Activities on page 5 shows that resources retained for the future decreased by £84,242 during the year. Independeni Examiner The Independent Examiner R J Hall has intimated his willingness to continue in office. Appointment of Trustees The appointment of Trustees is governed by the statutory powers as stated in the Trust Deed.
THE E.W. GLADSTONE CHARITABLE TRUST Statement of Trustees, Responsibilities Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each Iinancial year. which give a true and lair view ol. the charity's financial activities during the year and of its financial position al thc cnd of the ycar. In preparing financial statemcnts giving a true and fair view. the truslees should follow best practice and.. select suitable accounting policies and then apply them consistently; make rcasonablc and prudent judgcmcnts and cstimatcs. prepare the financial statements on the going concern basis unless il is inappropriate lo prcsutnc that thc charity will continuc in business. state whether applicable accounting standards and statements of recommended practice have been followed, gubject to any departureg discloged and explained in the financial statements. The Trustees are responsible for= keeping proper accounting records which disclose with reasonable accuracy at any time the tinancial position ot the charity and to enable them to ensure that the tinancial statements comply with the Charities A¢t 2011; safeguarding the charity's assets; taking reasonable steps for the prevention and deteclion of fraud. On behalf of the Trustees Sir C Gladstone Date.. 2810112025
Mitchell Charlesworth Accountants 24 Nichvl(1S Street, Chesler, Ckll 2AU THE E.W. GLADSTONE CHARITABLE TRUST Indcpcndent Examlner'y R¢port ¢0 the Trustecs Ye4r ended 5th April 2U24 I rcport io 1hL Irusices on my Lxaminaiion of ihc unaudiiLd financial sthicmcnls of IhL Tru for ihe year ended 5th April ?024 .sei oui on pages 5 10 S. Responsibilities and basis of reportin As ihi ITublLC4 of (hi Lharily you dfL rL%ponsible for Ihc prcparaiion of ihe financial siaiements" in accordance with the requirL'inenL4 ol-thc Charitie% ALI ?01 I (the ?0 I l Act). I repon in I'especl of n)y exajiiinatioi? of Ilie LhJriry'.4 finai)ci81 sratemeiiis c8rried out uiider qection 14$ of tlie 201 l Act. In carryingT oui my CX&iminaiiun I have follow'ed all Ihc applicable Diii'Lliun4 ¥ii'Ln by ihe Ch47riry Commission undcr Scciion 145(511bl of Ihc 201 I Aci. Independent examiner's statement Your altiniion 1% drawn lo ih¢' faci thai Ihc chariiy has prcparL'd financial sialcmcnl.s in aLcordanLL with Alcouniing and Rewnine by C hariiies prlparing Elieir aL¢ouiiis in aclordance with the Fiiianlial Reponing Si¢indtirds 41ppliiJblL in lh¢ UK dnd RLyubli¥ of Ireldnd IFRS 1021 in pr¢f¢ren¢e lo th¢ A¥¢4)unlingi dnd Reportin¥ by ChariliLS= Siatcmeni of Rccommciidcd Practicc issucd on l April 21Y>5 which is rcfQrr¥ lo in the extanl rL'gulations but has now been wiihdraiv l und¢rsiand thai this been done in order for financial statements io provide a trve and fair view in a¢iordani¢ wilh G¢'n¢r49lly A¢¢Lpl¢d A¢¢ouniing PrJLlic¢ Lif¢iliv¥ for Teportin¥ p¢r]l b¢¥inning on or ufter l January 2015. have compl¢led Iny cx8minalion. I confinii thlll no matters have come to my atteniion in Lonnection wtth the examinalion ¥i.1ng me cause to believe that in any malerial respect.. accounting? rccords not kLPt in rL'St of the ¢harily as r¢quircd by 8¢Ction l JO ol'th¢ 2011 Act- or 2 the financial %tatLmenls do not accord with those records.. or I th¥ finhnLial siatèmLnlb do noi Lomply with the appliciible rLquiremLnl.s LonLerniny> ihL furm and Lontenl of accounts set in the C haritie.s {Account.% and RerK)rt%l Regulations ?Iinx other than any requirement that the aLLDunts gpjN'e d true and fdir view whiLh is nut a mdller Lon5idered as part 01. indepvndent exdmindtiun. I have no concerns aT have come acr05s no other matteT5 in connectton with thc examination to which atlLnlion shoulLI bc drawn in this rew)rt in order io LnablL a prOr undLr%iandingi of ihc finanLial slalCII)Lnts to be reached. R J Ildll FLA Chartrred Ace(yuntsnt Dale.. 2810112025
THE E.W. GLADSTONE CHARITABLE TRUST Statement of Financial Activities Incorporating the Income and Expenditure Account Year ended Sth April 2024 Total Funds 2024 Total Funds 2023 Note Incomlng Resources Inc'uNiing resourc'e5from ¥eneraledfunds Invcstmcnt income Cash donations 21,058 2,780 41,058 2,780 Resources Expended Charilable uc'livilies Governance cosls App 1 124,320 980 81,000 800 Total Resomrees Expended 125 300 Net (Outgoing)Ilncoming Resources {84,242) (79,020} Oiher peeognisedflo.sses)/gains GainQ{Losses) on Investments Net movement in funds {84,242) {79,020} Total funds brought fonvard 619531 698 551 Total funds carried forward 619 531 The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All activities are classed as continuing. All movements are in Unrestricted Funds. The notes on page 7 gnd 8 form part of these financial statements.
THE E.W. GLADSTONE CHARITABLE TRUST Balance Sheet 5th April 2024 Total Funds Total Funds 2023 2024 Note Fixed A55ets Fixed T¢nn Investments 500,000 500,000 Total Flxed Assets Current Assets Mcssrs Coutts and Co 536 139 120331 Total Current Asset5 536,139 120,331 Current Liabilities Creditors.. Amounts falling due within one year Total Current Liabilities 850 800 (850) (800) Net Current Asset5 535 289 119 531 Net Assets 535,289 619,531 61 Total Funds 2810112025 These financial statements were approved and signed on behalf of the Board of Trustees on .2810112025 Sir C Gladstone The notes on page 7 gnd 8 form part of these financial statements.
THE E.W. GLADSTONE CHARITABLE TRUST Notes to the Financial Statements Year ended 5th April 2024 Aecounting Policies Accounting Basis The financial statements have been prepared in accordance with the charity's governing document, the Charities ALt 2011 and Aecounling and Reporting by Charilies: Statcinenl of ReLommendcd Practice applicable to charities preparingF their tinancial 5tatemcnts in accordancc with thc Financial ReportingF Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019)" The charity is a Public Bcncfit Entity as defined by FRS 102. The charily has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Mondary amounts in these financial statements are rounded to the nearest £. The financial statemenis have been prepared on the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are sel out below. Income and Expenditure Income and expenditure has been credited and charged in the financial statements on accruals basis. Investments All fixed asset investments are stated at Market Value. 2. Going concern Ai the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees, continue to adopt the going concern basis of accounting in preparing the financial statements. 3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other putposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uscs of the restricted funds arc set out in ihc notes to the tinancial stalcmcnls.
THE E.W. GLADSTONE CHARITABLE TRUST Note5 to the Financial Statements Year ended Sth April 2024 4. Investment Income All investment income arises from the maturity of a fixed term investment (note 5). 5. Fixed Asset Investments 2024 2023 Fixed Term Investments 500 000 500 000 6. Creditors 2024 2023 Independent Examiners, Fee Trustees Remuneration The Trustees received no remuneration during the year.
Appendix I THE E.W. GLADSTONE CHARITABLE TRUST Donation5 and payments Year ended 5th April 2024 2024 2023 Donations Gladstone Library Martin Parr Foundation Prism the Gift Fund Seedbox Ltd HF Truqt Ltd The Right Course St Dieniols Church Simon Rivett-carnac Trust Liverpool Bldck History Group BlaLk Girls Hikc Bristol History Group Hcnlcy Caribbean Sustainable Ventures Gladstone Park Community Projects Guyana Speaks Group Sedulo London Ltd Cherie Blair Foundation. University College London, Development Office Memorial 2007 13,000 20,000 5,000 1,000 5,000 5,000 20,000 20,000 5,000 1,100 5,000 10,000 5,000 4,000 10.000 12.000 2.000 1,920 50,000 10,000 300 124,320 81,000