GATEHILL TRUST
Registered Charity No 264045
Financial statements for the Period ended 31st March 2025
G Dr a/cs 2019.2020
Dr 2 for Trustees
17.06.2020
Gatehill Trust
Independent Examiner's report to the Trustees of the Gatehill Trust
I report on the unaudited financial statements of the Charity for the period ended 31[st] March 2025
Respective responsibilities of the Trustees and the Independent Examiner
As the Charity’s Trustees you are responsible for the preparation of the financial statements; you consider that the audit requirement of section 144(2) of the Charities Act 2011 ( the Act ) does not apply. It is my responsibility to:-
Examine the accounts under s145 of the Act;
To follow the procedures laid down in the general Directions given by the Charity Commission under S145(5)(b) of the Act; and
state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiners statement
In connection with my examination, no matter has come to my attention:
( 1 ) which gives me reasonable cause to believe that in any material respect the requirements: a) to keep accounting records in accordance with section 130 of the Act; and
b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act,
have not been met; or
( 2 ) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
S Johnson 37 The Drive
Hon. Independent Examiner Northwood signed 30/11/ 2025 HA6 1HW
G Dr a/cs 2019.2020
Dr 2 for Trustees
17.06.2020
GATEHILL TRUST
Balance Sheet 31st March 2025
| Fixed assets Tangible Assets: Freehold and Leasehold property (note 2) Investment Assets (note 3) Current assets CCLA C B F deposit Account Long term debtor Cash at bank owed to property agents Total net assets Funds of the Charity Unrestricted funds |
31st March 2025 £ £ 565,000 1,849,174 2,414,174 14,651 0 44,023 -1,366 57,308 2,471,482 2,471,482 |
At 31st March 2024 £ £ 565,000 1,951,722 2,516,722 13,961 10,000 29,759 1,366 55,086 2,571,808 2,571,808 |
At 31st March 2024 £ £ 565,000 1,951,722 2,516,722 13,961 10,000 29,759 1,366 55,086 2,571,808 2,571,808 |
|---|---|---|---|
| 2,571,808 |
This report was approved by the Trustees on 30/11/.2025 and signed on their behalf by:
T Warren (secretary) C J Backhouse (treasurer)
The attached notes form an integral part of these financial statements.
G Dr a/cs 2019.2020
Dr 2 for Trustees
17.06.2020
GATEHILL TRUST Statement of Financial Activities for the year ended 31st March 2025
| Unrestricted Funds | Unrestricted Funds | Unrestricted Funds | ||||
|---|---|---|---|---|---|---|
| Year ended 31st March 2025 | Year to | |||||
| General | Revaluation | Total | 31 March 2024 | |||
| £ | £ | £ | £ | |||
| Incoming resources | ||||||
| Incoming resources from charitable activities - rents | 17939 | 17939 | 11,550 | |||
| Investment income and interest | 51799 | 51799 | 50,940 | |||
| Sundry & (rounding) | -1 | -1 | 1 | |||
| Profit on sale of investments | 0 | 0 | 0 | |||
| Total incoming resources | 69737 | 69737 | 62,491 | |||
| Resources expended | ||||||
| Direct charitable costs - grants | 61350 | 61350 | 65,000 | |||
| bank charges | 60 | 60 | 60 | |||
| - refurbishment & other property | 6105 | 6105 | 4,092 | |||
| - insurance | 0 | 0 | 0 | |||
| Total resources expended | 67515 | 67515 | 69,152 | |||
| Net incoming (outgoing) resources for the year | 2222 | 2222 | -6,661 | |||
| Other recognised gains & losses | ||||||
| Gain on revaluation of property(note 2) | - - - | 0 | 0 | 0 | ||
| Gain (Loss) on revaluation of Investments(note 3) | -102548 | - - - | -102,548 | 202,143 | ||
| Net movement in funds | -100,326 | 0 | -100,326 | 195,482 | ||
| Balance brought forward | 2146808 | 425,000 | 2,571,808 | 2,376,326 | ||
| Balance taken forward | 2046482 | 425,000 | 2,471,482 | 2,571,808 |
G Dr a/cs 2019.2020
Dr 2 for Trustees
17.06.2020
GATEHILL TRUST
Notes to the Financial Statements period ended 31/03/2022
1 Accounting policies
The Financial Statements have been prepared in accordance with the Charities Act and the Charities SORP, (FRS 102)
Reporting By Charities" (2015) (Second Edition, effective 1 January 2019) using the historical cost convention except for the valuation of of investment assets and properties which are at market value at the year end.
Income & expenditure are accounted for as received or paid.
The financial statements include all transactions, assets and liabilities for which the trustees are responsible by Law.
| 2 Tangible Fixed Assets Functional assets used for Charitable purposes Freehold & Long leasehold Land & Buildings Cost at 31/03/2023 Cost of Property sold during year Cost at 31/03/2024 Revaluation at 31/3/2023 Revaluation in period Revaluation at 31/3/2024 Value as at 31/3/2023 Value as at 31/3/2022 |
9 Cervantes Court Long lease £ 140,000 0 |
||
|---|---|---|---|
| 140,000 | |||
| 425,000 0 |
|||
| 425,000 | |||
| 565,000 565,000 |
Property values are reviewed annually by the trustees and professional revaluation obtained when deemed appropriate. No depreciation is charged on the long leasehold as the trustees consider its net realisable value to be at least equal to its book value.
G Dr a/cs 2019.2020
Dr 2 for Trustees
17.06.2020
GATEHILL TRUST
Notes to the Financial Statements period ended 31/03/2025
3 Investments
Investments are held in COIF (Charities Official Investment Funds) funds managed by CCLA (Charities, Church of England, Local Authorities) Investment Management Ltd and revalued annually by their managers at 31st March. Bid Prices are used as realistic of value.
| 277,177.40 Units COIF Global Equity Income Fund Inc 55,368.99 Units COIF Investment Fund Inc Totals Original Cost Book value Cumulative gain / loss in value Gain / Loss b/f Profit on sale For year / period Gain / Loss C/f Current Assets CCLA Church of England Deposit Fund Bank Current a/c Long term charitable loan Property agents |
25 £ 770553 1078621 1849174 1,140,000 1,849,174 709,174 811,722 0 -102,548 709,174 14,651 44,023 0 -1,366 57,308 |
24 £ 820390 1131332 |
|---|---|---|
| 1951722 | ||
| 1,140,000 1,951,722 |
||
| 811,722 | ||
| 609,579 0 202,143 |
||
| 811,722 | ||
| 13,961 29,759 10,000 1,366 |
||
| 55,086 |
4 Current Assets
G Dr a/cs 2019.2020
Dr 2 for Trustees
17.06.2020