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2025-12-31-accounts

Company registration number 01078805 (England and Wales) Charity registration number 264719 (England and Wales)

GLOUCESTER CIVIC TRUST LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

GLOUCESTER CIVIC TRUST LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Directors E.C. Gibbon
I. Hatton
G.C. Jayne
R.V. Morris
Y. Russo
S.E. Smith
M.R. Waters
M.White
M.E.J. Williams
A. E. E. Currier-Teal
R. McDowall
G. G. Howell (Appointed 20 March 2025)
D. Burley (Appointed 20 March 2025)
A. J. Conder
M. Medland (Appointed 20 March 2025)
Patron Professor J. Ramirez FRHistS FRSA
Country of incorporation United Kingdom 01078805
(England and Wales)
Charity registration England and Wales 264719
Registered office Bishop Hooper House
99-103 Westgate Street
Gloucester
GL1 2PG
Independent examiner Pitt Godden & Taylor LLP
Unit 3 Ambrose House
Meteor Court
Barnett Way
Barnwood
Gloucester
GL4 3GG
Bankers National Westminster Bank plc
21 Eastgate Street
Gloucester
GL1 1NY
The Royal Bank of Scotland plc
Drummond House
1 Redheughs Avenue
Edinburgh
EH12 9JN
CCLA
Senator House
85 Queen Victoria Street
London
EC4V 4ET

GLOUCESTER CIVIC TRUST LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Solicitors

CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Paypal (Europe) S.a.r.l et Cie, S.C.A 5th Floor 22-24 Boulevard Royal Luxembourg DF Legal 22-24 Church Street Newent Gloucester GL18 1PP

GLOUCESTER CIVIC TRUST LIMITED

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 15

GLOUCESTER CIVIC TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

The directors of Gloucester Civic Trust Limited (the 'Trust') present their report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The Trust’s charitable purposes are established for the public benefit in the City of Gloucester. We raise the public’s awareness and interest in the City, promote high standards of local planning and architecture and secure the preservation, protection, development and improvement of features of historic interest in Gloucester.

Through encouraging the appreciation and conservation of Gloucester’s heritage, we have become a major force in the promotion of the City's tourism. We aim to ensure that regeneration programs respect and complement Gloucester’s diverse past.

We are an independent charity run by volunteers. We work closely with local residents’ groups and businesses to encourage vibrant communities. Our projects help to improve the quality of life of local people, as well as educating both residents and visitors about our city’s rich culture and history. We want Gloucester to be a pleasant place to visit, and a safe and clean city for all those who live and work here.

The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.

Achievements and performance

Significant activities and achievements against objectives

Over the years we have undertaken numerous restoration projects which have left a legacy to Gloucester. These include:

Further details of these and other projects can be found on our website www.gloucestercivictrust.org

Gloucester Historic Buildings Limited (“GHB”), a building preservation trust formed in 1980, led on some of the above projects. GHB is a joint charity of Gloucester Civic Trust Limited and the City Council. During 2025, three of our Directors participated as Directors on the Board of GHB and it was chaired by one of these three directors. GHB’s objectives are to preserve, for the benefit of the nation, land and buildings of special beauty or historic or architectural interest within the City of Gloucester.

In the past few years, we have turned our attention to our latest project, The Folk of Gloucester (“The Folk” - formerly known as the Folk Museum). This is a row of medieval timber framed buildings, some Grade 2 and 2*, in Westgate Street, opposite St Nicholas Church, dating back to Tudor times. In 2016, GHB started discussions with the City Council about taking over ownership of the land and property at The Folk. Gloucester Civic Trust began operating the premises in November 2019 under a licence agreed with the City Council.

GLOUCESTER CIVIC TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

On 24 August 2021, the transfer of ownership of The Folk was completed. On the same date, Gloucester Civic Trust signed a lease with GHB, which enables us to continue operating the premises.

Since then, we have carried out necessary repairs and alterations to the buildings in conjunction with GHB. The Westgate Street elevation was found to be in need of major repair and decoration, which has now been completed, giving the buildings a stunning, multi-colored limewash appearance similar to in their C16 and C17 heyday. Major repairs to the roofs of our listed buildings were also carried out.

Support from major grant funders for this work also enabled us to create a Level Access Scheme enabling all-ability

access to the entire ground floor.

During 2025 the Trust revived part of a proposal to restore the western elevation of a building known as the Pin Factory Annex. This is a former C17/18 barn, later converted into a three storey Pin Factory to serve one of Gloucester’s then primary industries. The Yorkshire sash windows in the building and some of the supporting structure on the western side had deteriorated badly. The Trust was able to secure a grant of £142,871 from Historic England towards the cost of the work, which is due for completion in April 2026. Match funding of up to £16,500 was made available by Gloucester Historic Buildings, the Trust’s landlord. We continue to identify and tackle repairs as necessary and have formulated a comprehensive buildings restoration and maintenance program. We have also begun to examine ways in which we can bring currently redundant buildings back to life, operating as part of our programme.

Financial review

Our income comes from subscriptions, donations, guided tours, talks and events and income generated by the café/bar and EdShed meeting rooms at The Folk.

We aim to build up reserves which can be deployed on significant, capital-intensive local projects from time to time. A reliance on grant income to support much of our restoration work, along with core funding, means that the level of our reserves can vary substantially from year to year, depending on how much money is spent on projects in any particular year. We expect to invest more capital into the Folk over 2026.

To ensure stability we engaged the services of a part-time freelance fundraising bid writer who has secured several support grants, both to assist the longer restoration project and our core funding requirements.

The operation of The Folk, until July 2024, was largely delivered by our trustees, working with an employed Operations Manager and a large team of volunteers. As the scope of the operation and its scale increased, we identified a need to develop an employee-managed business model rather than relying on the generosity of time of our trustees. Working closely with the freelance fundraiser we were fortunate in securing a major grant of £229,000 from the National Lottery Heritage Fund in June 2024 for our project, Rebirth of The Folk: Resilient and Sustainable. This grant covers the cost over 3 years of engaging a Chief Executive Officer for The Folk, two additional manager roles, IT improvements and training programmes for our teams. At the end of 2025 we were midway through delivering the improvements funded by that grant and are confident that we will deliver the objectives outlined. The Chief Executive’s role now includes responsibility for fundraising in conjunction with a small committee of directors.

We will submit further major grant applications in 2026 which, if successful, will further help our resilience and sustainability and enable us to carry out planned repairs and restoration to more of our spectacular listed buildings. We have also secured a number of smaller grants which help us to provide some of the community and vocational work at The Folk along with core funding.

St Michael’s Tower, our small but popular heritage centre at The Cross, Gloucester, which was closed for almost the entirety of 2024 because of structural issues with the high-level stonework of the Tower, reopened in 2025 and while during the closure period some of our volunteers retired, we have successfully recruited others. Income during 2025 returned to almost the level pre-closure and we plan for further increases in 2026. Gloucester lacks an effective Tourist Information Centre. As a part of our drive to deliver our charitable objects we are working towards creating a de facto Tourist Information Centre, supported by local business, at the Tower. Our Tour Guides team increased their income substantially during 2025 and expect further progress in 2026 as we welcome newly qualified guides and increase the range of walks offered.

GLOUCESTER CIVIC TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Reserves policy

We have developed an investment and reserves policy which has guided us towards holding cash not currently required for operational use invested in an interest-earning account with Royal Bank of Scotland. Overall, even if total expenditure exceeds total income, we are confident that we continue to hold sufficient reserves to provide a margin for contingencies and see us through 2026 and beyond.

Structure, governance and management

The Trust is a company limited by guarantee, incorporated on the 27th October 1972. It is governed by its Articles of Association, which were updated at the AGM in 2021.

A Board of Directors, known as the Council of Management, manages the Trust. Under the requirements of the Articles of Association, all members who joined the Council of Management mid-year, and one third of the remaining members of the Council of Management (made up of those in office longest since their appointment at an AGM) are required to retire from office at each Annual General Meeting and may offer themselves up for re-election.

The directors who served during the year and up to the date of signature of the financial statements were: E.C. Gibbon

I. Hatton G.C. Jayne R.V. Morris C.J. Nyland (Resigned 10 July 2025) Y. Russo S.E. Smith M.R. Waters M.White M.E.J. Williams C. S. Banks (Resigned 23 January 2025) A. E. E. Currier-Teal J. R. Jones (Resigned 25 January 2025) R. McDowall G. G. Howell (Appointed 20 March 2025) D. Burley (Appointed 20 March 2025) A. J. Conder M. Medland (Appointed 20 March 2025)

Recruitment and appointment of trustees

None of the directors has any beneficial interest in the company. All of the directors are members of the company and guarantee to contribute £1 in the event of a winding up.

The directors of the company are also charity trustees for the purposes of charity law.

The Trustees' report was approved by the Council of Management.

.............................. M.White Director

Date: .............................................13 April 2026

GLOUCESTER CIVIC TRUST LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF GLOUCESTER CIVIC TRUST LIMITED

I report to the directors on my examination of the financial statements of Gloucester Civic Trust Limited (the Trust) for the year ended 31 December 2025.

Responsibilities and basis of report

As the directors of the Trust (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the Trust are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Nicholas J. Bishop FCCA ACA Pitt Godden & Taylor LLP

Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG

Dated: .........................

GLOUCESTER CIVIC TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
33,331
63,436
Charitable activities
3
127,538
-
Investments
4
4,021
-
Total income
164,890
63,436
Expenditure on:
Raising funds
5
41,223
-
Charitable activities
6
139,263
126,373
Total expenditure
180,486
126,373
Net income/(expenditure) and
movement in funds
(15,596)
(62,937)
Reconciliation of funds:
Fund balances at 1 January
2025
92,899
125,318
Fund balances at 31
December 2025
77,303
62,381		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
96,767
5,782
177,766
127,538
143,501
-
4,021
4,319
-
228,326
153,602
177,766
41,223
31,970
667
265,636
127,159
53,645
306,859
159,129
54,312
(78,533)
(5,527)
123,454
218,217
98,426
1,864
139,684
92,899
125,318		 Total
2024
£
183,548
143,501
4,319
331,368
32,637
180,804
213,441
117,927
100,290
218,217

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

GLOUCESTER CIVIC TRUST LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2025

Notes
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Income funds
Restricted funds
15
Unrestricted funds		 2025
£
900
705
145,239
146,844
(7,160)		 £
139,684
62,381
77,303
139,684		 2024
£
900
1,683
224,449
227,032
(8,815)		 £
218,217
125,318
92,899
218,217

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

13 April 2026

The financial statements were approved by the Directors on .........................

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..............................
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.............................. M.White Director

Company Registration No. 01078805

GLOUCESTER CIVIC TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

Gloucester Civic Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Bishop Hooper House, 99-103 Westgate Street, Gloucester, GL1 2PG.

1.1 Accounting convention

These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities (update bulletin 1) applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The Trust is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used.

1.4 Incoming resources

Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Membership subscriptions are recognised on receipt, unless they are received in the final four months of the year. Where they are received in the final four months they are deemed to be a prepayment of the following year's subscriptions.

1.5 Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

1.6 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

GLOUCESTER CIVIC TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/(expenditure), except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

GLOUCESTER CIVIC TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

2 Donations and gifts

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
8,331
-
Grants receivable
25,000
63,436
33,331
63,436		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
8,331
4,782
-
88,436
1,000
177,766
96,767
5,782
177,766		 Total
2024
£
4,782
178,766
183,548

GLOUCESTER CIVIC TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

3 Income from charitable activities

Central
Tour Guides
£
£
Sales within charitable
activities
13,810
6,984
Event income
-
-
13,810
6,984
Analysis by fund
Unrestricted funds
13,810
6,984
For the year ended 31 December 2024
Unrestricted funds
8,914
6,489		 The Folk
The Tower
£
£
103,938
2,806
-
-
103,938
2,806
103,938
2,806
113,545
6,211		 Total
£
127,538
-
127,538
127,538		 2024
£
138,276
5,225
143,501
143,501

4 Income from investments

Unrestricted Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 4,021 4,319
Raising funds
Unrestricted Unrestricted Restricted Total
funds funds funds
2025 2024 2024 2024
£ £ £ £
Trading costs
Other trading activities 41,223 31,970 667 32,637
41,223 31,970 667 32,637

5 Raising funds

GLOUCESTER CIVIC TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

6 Expenditure on charitable activities

Unrestricted
funds
Restricted
funds
Total
Unrestricted
funds
Restricted
funds
2025
2025
2025
2024
2024
£
£
£
£
£
Direct costs
Staff costs
61,278
66,792
128,070
51,441
22,149
Calender
2,187
-
2,187
2,629
-
HR support costs
7,513
-
7,513
-
-
Advertising
3,285
202
3,487
3,691
429
Website Hosting &
Computer costs
1,773
1,425
3,198
3,114
48
Insurance
17,688
-
17,688
18,446
-
Events
-
6,129
6,129
-
4,742
Bank charges
2,364
-
2,364
1,901
-
Subscriptions
1,510
-
1,510
3,763
-
Repairs
13,885
2,740
16,625
21,796
4,945
Rates
343
-
343
(5,554)
-
Printing, postage &
stationery
711
758
1,469
1,212
-
Telephone & internet
-
1,690
1,690
1,633
121
Capital expenditure
-
-
-
888
-
Entertaining
120
150
270
-
-
Spending on volunteers
513
-
513
375
-
Travel
62
-
62
5
-
Sponsorship & donations
1,200
-
1,200
1,040
-
Cleaning
2,258
780
3,038
2,950
-
Legal & professional fees
16,111
-
16,111
13,439
-
Training
870
750
1,620
-
216
Consultancy
4,132
8,719
12,851
2,350
17,959
Hire of hall
1,460
5,500
6,960
2,040
-
Project development
-
29,363
29,363
-
3,036
Refreshments
-
610
610
-
-
Purchases of retail stock
-
765
765
139,263
126,373
265,636
127,159
53,645
Analysis by fund
Unrestricted funds
139,263
-
139,263
127,159
-
Restricted funds
-
126,373
126,373
-
53,645
139,263
126,373
265,636
127,159
53,645
7
Net movement in funds
2025
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
-		 Total
2024
£
73,590
2,629
-
4,120
3,162
18,446
4,742
1,901
3,763
26,741
(5,554)
1,212
1,754
888
-
375
5
1,040
2,950
13,439
216
20,309
2,040
3,036
-
180,804
127,159
53,645
180,804
2024
£
-

GLOUCESTER CIVIC TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

8 Directors

None of the directors (or any persons connected with them) received any remuneration or benefits from the Trust during the year.

9 Employees

The average monthly number of employees during the year was:

Administration
Employment costs
Wages and salaries
Other pension costs		 2025
Number
8
2025
£
124,337
1,723
128,070		 2024
Number
5
2024
£
69,480
1,039
73,590

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 Stocks

Goods for resale
12
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2025
£
900
2025
£
(178)
883
705		 2024
£
900
2024
£
1,008
675
1,683

GLOUCESTER CIVIC TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

13 Creditors: amounts falling due within one year

13
Creditors: amounts falling due within one year
Payments received on account
Trade creditors
Other creditors
14
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
96
6,904
160
7,160
2025
£
1,723		 2024
£
-
5,925
2,890
8,815
2024
£
1,039

The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Trust in an independently administered fund.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
NHLF
Summerfield
Garfield Weston
Awards For All
NHLF
Gloucester Integrated Locality Partnership
Groundworks UK
GCT
Gloucester City Council - Exploring textiles
Saintbury Trust
Enovert
Gloucester County Council - Build Back Better
Gloucester City Council - Gloucester Day
Gloucester Historic Buildings - Pin factory
National Grid - Community Matters
The Swire Charitable Trust - Cider Mill
Rotary - Garden
EG Carter - Gloucester Festival of Archaeology		 January
2025
Incoming
resources
Resources
expended
At 31
December
2025
£
£
£
£
1,865
-
-
1,865
3,000
-
(125)
2,875
10,000
-
-
10,000
19,960
-
(10,241)
9,719
87,330
-
(70,427)
16,903
2,567
-
(753)
1,814
591
115
(881)
(175)
5
-
-
5
-
4,421
(3,248)
1,173
-
2,000
-
2,000
-
26,903
(26,903)
-
-
2,981
-
2,981
-
2,300
(3,055)
(755)
-
10,000
(10,429)
(429)
-
1,656
-
1,656
-
12,210
-
12,210
-
500
(311)
189
-
350
-
350
125,318
63,436
(126,373)
62,381		 January
2025
Incoming
resources
Resources
expended
At 31
December
2025
£
£
£
£
1,865
-
-
1,865
3,000
-
(125)
2,875
10,000
-
-
10,000
19,960
-
(10,241)
9,719
87,330
-
(70,427)
16,903
2,567
-
(753)
1,814
591
115
(881)
(175)
5
-
-
5
-
4,421
(3,248)
1,173
-
2,000
-
2,000
-
26,903
(26,903)
-
-
2,981
-
2,981
-
2,300
(3,055)
(755)
-
10,000
(10,429)
(429)
-
1,656
-
1,656
-
12,210
-
12,210
-
500
(311)
189
-
350
-
350
125,318
63,436
(126,373)
62,381
62,381

GLOUCESTER CIVIC TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

15 Restricted funds (Continued)
Previous year: At 1 January Incoming Resources At 31
2024 resources expended December
2024
£ £ £ £
1,864 177,766 (54,312) 125,318

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
Jubilee fund
General funds
Analysis of net assets between funds
At 31 December 2025:
Current assets/(liabilities)		 January
2025
Incoming
resources
Resources
expended
At 31
December
2025
£
£
£
£
92,899
164,890
(180,486)
77,303
January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
740
-
(740)
-
97,686
153,602
(158,389)
92,899
98,426
153,602
(159,129)
92,899
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
77,303
62,381
139,684
77,303
62,381
139,684

17 Analysis of net assets between funds

GLOUCESTER CIVIC TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

17 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 December 2024:
Current assets/(liabilities) 92,899 125,318 218,217
92,899 125,318 218,217

18 Related party transactions

Gloucester Civic Trust Limited and Gloucester Historic Buildings Limited have directors in common. All transactions in the year were carried out at arms length.