## **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