Charity number: 271993 GERALD BENTALL CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
GERALD BENTALL CHARITABLE TRUST CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Independent Examlner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-15
GERALD BENTALL CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025 Trustees A J D Anstee, Chairman E C Anstee C L Thorp C E Jackson Charity registered number 271993 Principal office 24 Slroudes Close Wor¢esler Park Surrey KT4 7RB Independent examiner lan Saunderson FCA BKL Audit LLP 35 Ballards Lane London N3 1XW Bankers Metrobank One Soulhamplon Row London WC18 SHA Solicitors Withers 16 Old Bailey London EC4M 7EG Investment Manager Chades Stanley & Co. Limited 55 Bishopsgale London EC2N 3AS Page 1
GERALD BENTALL CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustees present their annual port together with the financial statements of the charity for the 6 April 2024 to 5 April 2025. Objectives and activities a. Polieies and objectives The objectives of the charity as per its governing document are.. The Trustees shall hold the trust fund and the income thereof in trust lo apply the same both as to capital and income for the charitable purposes of such charitable bodies organisalion and institutions or such other charitable purposes or objects in such proportions and manners as the Trustees shall in their absolute discretion from lime to time think fit. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidanee 'Public benefit." running a charity IPB21'. b. Activities undertaken to achieve objectives During the year the charity made 5812025 - 1081 grants lotalling £31,25012024 £56,000) to a range of UK charities. The Trustees have made grants supporting, Eduealional, Health, Religious and Social Welfare organisations. Donations ranged from £500 to £1,75012024- £500 to £1,500), with the most frequent amount of grant awarded being £500 12024 - £5001. c. Main activities undertaken to further the charity's purposes for the public benefit The charity undertakes to give grants to worthy charities in order lo further the charity's purposes for public benefit. Achievements and performance a. Main achievements of the charity During the year, the charity donated £31,25012024.' £56,000) lo other charities as decided by the Trustees. Financial review a. Going concem After making appropriate enquiries, the Trusteès have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details gardIng the adoption of the going concern basis ean be found in the aceounling policies. b. ReseNes policy The Trustees have a reserves policy whereby cash is kept at a level which will enable three months of operational eosts to be met. Reserves in the form of investments are lo be kept to a level which will allow the charity lo generate income for the grant making program, whilst preserving sufficient capital to enable grant making in futu periods. c. Financial perfomiance Investments generated ineome during the year of £72,176 12024 £61,613). Expenditure for the year was £60,367 12024". £85,522) consisting of £11,758 12024. £12,518> of expenditure on raising funds and £48,609 12024." £73,044) on ch8ri18ble activities. The loss on revaluation for the year was £187,891 12024 - 8 gain of £14,495). Page 2
GERALD BENTALL CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 Structure, govemance and management Constitution The charity was fomed under an irrevoeable trust for charitable purposes on 31 May 1974. b. Methods of appointment or election of Trustees New Trustees are appointed by selection by the current Trustees of the charity by a simple majority vole. New Trustees are selected to add their expertise or knowledge to the board of Trustees. c. Oryanisational structure and decision-making policies The Trust is a registered charity, number 271993, and is consliluted under a trust deed dated 31 May 1974. The trust is managed entirely by the Trustees, there being no employees. Decisions are taken by a majority of Trustees including the power of appointment of new Trustees. statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Gener811y Accepted Accounting Praclicel. The law applicable to ch8rib.es in England & Wales requires the Trustees lo prepare financial statements for each financial year which give 8 true and fair view of the slate of affairs of the charity and of its incoming resources and application of resourees, including ils income and expenditure, for that period. In preparing these financi81 statements, the Trustees are required lo". select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021", make judgments and accounting estimates that are reasonable and prudent", stale whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. A J D Anstee Chairman Dale". 2710812025 Page 3
GERALD BENTALL CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2025 Independent Examiner's Report to the Trustees of Gerald Bentall Charitable Trust Ilhe charity'l I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2025. Responsibilities and Basis of Report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 ACVI. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no matters have come to my attention in eonneelion with the examination giving me cause to believe that in any material respect". accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act", or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conmIng the form and content of accounts set out in the Charities (Aceounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and f81¢ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the charity's Trustees those matters l am required to slate lo them in an Independent Examiner's Report and for no other purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility lo anyone other than the charity and the charity's Trustees as a body, for my wortf or for this report. Signed. Dated.. 2710812025 lan Saunderson FCA BKL Audit LLP 35 Ballards Lane London N3 1XW Page 4
GERALD BENTALL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Investments 72.176 72.176 61.613 Totsl Income 72.176 72.176 61.613 Expendlture on: Raising funds Charitable activities 11,758 48.609 11,758 48.609 f 2,518 73,004 Total expendlture 60,367 60,367 85,522 Net incomel{expenditure) before net {lossesllgains on investments Nel Ilossesllgains on investments 11.809 (187.691) 11.809 (187.691) (23,909) 14.495 Net movement in funds 1175.8821 1175.8821 (9.414) Reconciliation of funds.. Total funds brought forward Nel movement in funds 1,814.978 (175.882) 1,814.978 (175.882) 1, 824,392 (9,414) Total funds carried forward 1,639,096 1,639,096 1,814.918 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 7 10 15 form part of these financial slalemenls. Page 5
GERALD BENTALL CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2025 2025 2024 Note Flxed assets Investments 1.586,182 1, 780.951 1.586.182 1, 780,957 Current assets Debtors 10 340 340 36,927 Cash al bank and in hand 56.054 56.394 37,267 Creditors.. amounts falling due within one year {3.4801 (3,240) Net current assets 52.914 34,027 Total assets less current Ilabllltles 1,639,096 1, 814,978 Total net assets 1,639,096 1,814,918 Charity funds Unrestricted funds 12 1,639,096 1, 814,978 Total funds 1,639,096 1, 814.978 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. To4y AhJ6ee A J D Anstee Chairman Dale.. 2710812025 The notes on pages 7 10 15 form part of these financial slatemenls. Page 6
GERALD BENTALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 Accounting policies 1.1 Basis of preparation of financial ststements The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 issued in October 2019 and Financial Reporting Standard applicable in the United Kingdom and RepLJblic of Ireland IFRS 1021 and Charities Act 2011. Gerald Benlall Charitable Trust conslitules a public benefit entity as defined by FRS 102. 1.2 Going concern The charity has minimal fixed costs, with the main source of expenditure being grants made lo institutions, which can be made at the discretion of the Trustees. Furthermore, the Charity had significant net assets at the year end, including a healthy cash balan. The Trustees therefore consider that based on the circumstances existing at the dale of signature of the accounts, the operations of the charity are not likely to be affected in a material manner. The accounts have therefore been prepared on a going concern basis. 1.3 Income All income is recognised On the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure on raising funds includes all expenditure incurred by the charity to raise fvnds for its charitable purposes. Expenditure on charitable activities is incurred on dIreCY undertaking the activities which further the charity's obieclives, as well as any associated support costs. Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, bul not accrued as expenditure All expenditure is inclusive of irrecoverable VAT. Page 7
GERALD BENTALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 Accounting policies Icontinuedl 1.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon nolilication of the interest paid or payable by the institution with whom the funds are deposited. 1.6 Investments Fixed asset investments are a form of financial instrument and are initially recognised al their transaction cost and subsequently measured at fair value al the Balance Sheet dale, unless the value cannot be measured reliably in which case il is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on inveslmenls, in the Slalement of Financial Activities. 1.7 Debtors Trade and other debtors are recognised at the selllemenl amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 1.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 1.9 Liabilities Liabilities are recognised when there is an obligation al the Balance Sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount il has reiVed as advanced payments for the goods or services it musl provide. 1.10 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 1.11 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. The charity does not have any reslricled funds. Page 8
GERALD BENTALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 Investment income Unrestricted funds 2025 Total funds 2025 Dividend Income Interest Income 71,944 232 71.944 232 72,176 72.176 Unrestricted funds 2024 Total funds 2024 Dividend Income 61,528 85 61.528 85 Interest Income 61, 613 61,613 Investment management costs Unrestricted funds 2025 Total funds 2025 Investment management fees Custody fees 11,518 240 11.518 240 11,758 11.758 Page 9
GERALD BENTALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 Investment management costs {continued} Unrestrictgd funds 2024 Total funds 2024 Investment management fees Custody fees 12,325 193 12,325 193 12,518 72.518 Anatysls of grants Grants to Instltutions 2025 Total funds 2025 Supporting good causes 35,146 35,146 Grants lo Institutions 2024 Total funds 2024 Supporting good eauses 56, 000 56,000 The charity has made the following material grants to institutions during the year.. 2025 2024 Name of Instltutlon Old Bentallians Association steadfast Sea Cadets Totsl of all grants under £1,000 1,750 1,500 28,000 1,500 1,500 53,000 31,250 56.000 other grants lo institutions 3,896 Page 10
GERALD BENTALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 Analysis of charitable expenditure 2025 2024 Educational Environmental Health Religious Social & Welfare 1,500 2.000 1,500 28,000 2.000 22.500 15,500 1,500 12,750 31,250 56,000 Anatysis of expenditure by activities Grant funding of activities 2025 Support costs Total funds 2025 2025 Supporting good causes 35,146 13,463 48.609 Grant funding ol 8Ctivities 2024 Support costs 2024 To181 funds 2024 Supporting good causes 56.000 17,004 73.004 Page11
GERALD BENTALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 Analysis of expenditure by activities Icontinuedl Analysis of support costs Supporting good causes 2025 Total funds 2025 Secretsrial fees Accountancy fee Independent Examiners fees 9,983 1,740 1,740 9,983 1,740 1,740 13,463 13,463 Supporting good causes 2024 Total funds 2024 Secrelerial fees Accounting fees Independent Examiners fees 13, 764 1,620 1,620 13,764 1,620 1,620 17,004 17,(X74 Independent Examlnatlon fee The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,74012024 £1,620) and other accountancy fees of £1.74012024- £1,620). Staff costs There were no employees during the current or prior year. Trustees. remuneratlon and expenses During the year, no Trustees reiVed any remuneration or other benefits {2024- £NIL). Page 12
GERALD BENTALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 Fixed asset investments Listed investments Valuatlon At 6 April 2024 Additions Disposals Revaluations 1,780,951 52.461 159.539) 1187,691) At 5 April 2025 1,586,182 Net book value At 5 April 2025 1,586,182 At 5 April 2024 1, 780.951 Investments at market value comprise: 2025 2024 UK Equity International Equity Propety 1.083,828 422,863 79,491 1,223. 167 481,300 76,484 1.586,182 1, 780.951 10. Debtors 2025 2024 Due within one year Amounts owed by HMRC 340 340 340 340 Page 13
GERALD BENTALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 11. Creditors: Amounts falling due within one year 2025 2024 Accruals and deferred income 3,480 3.240 12. Statement of funds statement of funds - current year Balance at 6 April 2024 Gainsl Balance at 5 {Lossesl April 2025 Income Expenditure Unrestricted funds General Funds - all funds 1.814,978 72.176 {60,3671 1187,6911 1,639.096 ststement of funds - prior year Balan at 6 Apnl 2023 Gains/ Balan at (Losses) 5 Apnl 2024 Income Expenditure Unrestrlcted funds General Funds - all funds 1,824,392 61,613 (85,522) 14,495 1, 814.978 Page 14
GERALD BENTALL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 13. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 Total funds 2025 Fixed asset investments 1,586,182 56,394 13,4801 1,586.182 56.394 {3,4801 Current assets Creditors due within one year Total 1,639,096 1,639.096 Anatysls of net assets between funds - prlor year Unrestricted funds 2024 Total funds 2024 Fixed asset investments Current assets Creditors due within one year 1, 780, 951 37,267 (3,240) 1, 780,951 31.267 (3,240) Total 1,814, 978 1, 814,978 14. Related party transactions There were no related paty transactions during the current or prior year. Page 15