**The D. G. Albright Charitable Trust** **Trustees' Report and Accounts** **For the Year Ended** **5th April 2025** ## **The D.G. Albright Charitable Trust Trustees' Report for the year ended 5th April 2025** The Trustees present their report together with the financial Statements of the charity for the year ended 5th April 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and the 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 2015). ## **Reference and Administrative details** Charity Name The D.G. Albright Charitable Trust Charity Number 277367 Charity Address Old Church School Hollow Street Great Somerford Chippenham Wilts. SN15 5JD Trustees R.G.Wood Dr. The Hon. G. Greenall. Banker Lloyds plc Stockbroker Investec Wealth & Management Independent Examiner A. Johnstone FCCA Johnstone Kemp Tooley Ltd. ## **Structure, governance and management** The D.G. Albright Charitable Trust is constituted by Trust Deed dated 12th December 1978 and is a registered charity. The Trustees are empowered to apply the funds for or towards such charitable purposes as they, in their absolute discretion, think fit. The Trust does not actively fundraise and seeks to continue the charitable work desired by the donor through the careful stewardship of its existing resources. At the trustees' meetings, the trustees agree the broad strategy and areas of activity for the Trust, including consideration of grant making, investment, reserves and risk management policies and performance. All trustees give their time freely and no trustee remuneration was paid in the year. The trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The trustees consider the variability of investment returns to constitute the charity's major financial risk. The trustees also take account of the outlook for investment returns and keep the level of awards under review. ## **The D.G. Albright Charitable Trust Trustees' Report for the year ended 5th April 2025** ## **Objectives and activities** The objects of the Trust are to provide help to worthwhile charitable causes with particular emphasis on those with activities in the parish of Bromesberrow, the surrounding area and northern Gloucestershire, but without excluding national and international causes. The Trust carries out these objectives by providing grants in line with the above to applicants selected on merit at the discretion of the Trustees. The Trusts' aims were carried out for the public benefit. This was achieved through giving financial support to 31 charities/charitable causes in the year which covered many different worthwhile causes. ## **Achievements and performance** During the year the Charitable Trust made grants totalling £41,000 to 31 charities and charitable causes, much of which was earmarked for work in Gloucestershire. A list of grants made forms part of the annual accounts. ## **Financial review** The Trust's work is reliant on income and returns from its investments and from rental income from the freehold property. The investment portfolio, as held by the investment brokers, is entirely made up of quoted securities. The investment portfolio had a market value of £1,067,217 at 5th April 2025 (£1,087,407 at 5th April 2024) and generated income in the year of £36,790 (£35,974 year to 5th April 2024). The Trustees continued to let the freehold property on a commercial basis during the year. Rent received in the period amounts to £11,700. The property was revalued in the previous year at £580,000 with no changes in the year to 5th April 2025. The Trust held cash reserves of £37,386 as at 5th April 2025 (£63,616 at 5th April 2024), all of which are unrestricted funds. The total balance of unrestricted funds as at 5th April 2025 amounted to £1,680,143. The trustees consider this fund to be primarily an investment fund held to generate income and to ensure the stability in the grant making programme of the trust. ## **Future Plans** The D.G. Albright Charitable Trust is a lasting testimony to the generosity and charitable concerns of the donors. Tho D.G. (hritsble Tntst TnKQees' Rep(wt tr the year ended 5th Awil 2025 Tru5tees' responsibllltles In relatlon to the finan(aal statements The trustees are responsible for preparing the financial statements for each financial year in accordance with the Charities Art 2011, which gwe a true and fair vlew of the state of affairs of the charity and of the incoming resources and application of resources of the chafity for that period. In preparing these financial statements, the trustees are required to; I Selert sultable accounting policies and apply them consistentty: 2 Make jud8ments and estimatss that are reasonable and prudent: 3 State whether applicable accountin8 Standard5 and statements of recommended practi￿ have been followed. subjert to any departure5 distlosed and explained in the financial statements: 4 Prepare the financial ststements on a goin8**Income and endowments**
Investment income
2
Other income
3
**Total income**
**Expenditure**
Cost of raising funds
4
Charitable activities
5
Other costs
6
**Total expenditure**
**Net gains/(losses) on investments**
7
**Net movement in funds for the year**
Total funds brought forward
**Total funds carried forward**
**Net income/(expenditure) before**
**gains/(losses) on investments**|**2025**|| |---|---|---| ||Unrestricted
Restricted
Endowment
**£**
**£**
**£**
36,790
11,700|| ||48,490
0
0|| ||16,824
41,000
1,140|| ||58,964
0
0|| ||(10,474)
0
0
(35,976)|| There were no recognised gains or losses for 2025 or 2024 other than those included in the Statement of Financial Activities. •5at 5th 2025 202S 2024 Total Investments at market value Freehold Pro[￿1 Stocks and shares Total flxed assets 1.067.217 1.647.217 1.067.217 0 1,647,217 1.087,407 1,667,407 Cash at bank Cash held by investment broke Debtors 26.364 11.022 26.364 11.022 27.331 36.285 37.386 37,386 63.616 Credrtors due within one year 14.460) 32,926 14,4601 32.926 14,4301 59.186 O iMO.U3 L726.593 The fundsofthe dHrfty Unrestricted Genernl Fund 1.6W.143 1,6N143 1.680,143 1.726,S93 O ￿6￿,￿3 Ln6W3 Appro¥ed bythe Trustees on 2nd Febnsary 2026 and Signed ontheir behalf by R. G. Wood **The D.G. Albright Charitable Trust** ## **Notes to the Accounts for the year to 5th April 2025** ## **1 Accounting Policies** ## 1.1 **Basis of Preparation of Accounts** The Financial Statements are prepared under the historical cost convention. In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice for Charities in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). ## 1.2 **Tangible freehold property** The freehold property held for investment purposes is assessed annually by the trustees and stated at market value at the balance sheet date. - 1.3 **Investments** Assets held for investment purposes are stated at market value at the balance sheet date. ## 1.4 **Income** Investment income is accounted for as received by the charity. ## 1.5 **Value added tax** Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the financial statements. ## 1.6 **Management and administration expenses.** These include all expenditure not directly related to the charitable activity. |**2 Investment Income**
Income from quoted securities
Income from cash deposits
**3 Other Income**
Donation
Rental income
**4 Costs of raising funds**
Investment management Costs
Expenditure on freehold investment property
**5 Charitable activities**
Grants and donations made in the year (see note 11)
**6 Other costs**
Accountancy and independent examination||**2025**
£
35,803
986
36,790
£
0
11,700
11,700
£
10,621
6,203
16,824
£
41,000
£
1,140
1,140||**2024**
£
35,281
693| |---|---|---|---|---| |||||35,974| |||||£
0
11,700| |||||11,700| |||||£
10,122
1,269| |||||11,391| |||||£
39,000| |||||£
1,128| |||||1,128| ## **The D.G. Albright Charitable Trust** ## **Notes to the Accounts for the year to 5th April 2025** |**7**
**8**
**9**
**10 **|**Net gains/(losses) on investment assets**
Realised gains/(losses) on investments in the year
Unrealised gains/(losses) on revaluation of investments in the year
**Investment ‐ Freehold property**
The Old Rectory, Albright Lane
Cost as at 5th April 2025
Unrealised Gains/(Losses)
Market Value at 5th April 2025
**Investment ‐ Stocks and shares**
Cost as at 6th April 2024
Purchases
Sale Proceeds
Realised Gains(losses)
Cost at 5th April 2025
Unrealised Gains/(Losses)
Market Value at 5th April 2025
**Creditors**
Accruals and other creditors|| |---|---|---| |||| |||| |||| ## **The D.G. Albright Charitable Trust** ## **Notes to the Accounts for the year to 5th April 2025** |11
**Donations**
Bibles for Children
Bromesberrow Parochial Church Council
Butterfly Conservation
Cancer Vaccine Institute
Disabled Sailors Association
Fields in Trust
Gloucester Cathedral, Dean and Chapter
Gloucestershire Macmillan Cancer Relief
Gloucestershire Outward Bound Association
Great Oaks ‐ Forest of Dean Hospice
Hope and Homes for Children
Insight Gloucestershire
I T Schools Africa
James Lilley ‐ Royal School of Music
Leadon Valley Benefice
Livability
Mission Aviation Fellowship UK
OSCAR
Riding for the Disabled, Cotswold Branch
Samaritans Gloucestershire
S.S.A.F.A Forces Help Gloucester Branch
St John of Jerusalem Eye Hospital Group
St Richard's Hospice
The Air Squadron Charity
The Almshouses Association
The Butterfly Garden
The Family Haven ‐ Gloucester
Three Choirs Festival
Walsingham Support ‐ Salters Hill
War Memorials Trust
Worcestershire Soldier at the Commandery||**2025**
£
1,000
2,000
1,000
1,000
1,000
1,000
3,500
2,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
1,500
1,000
2,000
1,000
1,000
3,000
2,000
1,000
1,000
1,000| |---|---|---| |||**41,000**|