| Page | |
|---|---|
| Trustees'annualreport | 1 |
| lndependentexaminer'sreport tothe Trustees | 6 |
| Statement offinancialactivities | 7 |
| Statement offinancialposition | 8 |
| Notes to thefinancial stalements | I |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Expendable | Permanent | |||||
| funds | Endowment | Endowment | Totalfunds | Totalfunds | |||
| Note | € | funds t |
Junds e |
e | € | ||
| lncome and endowments | |||||||
| lnvestment income | 4 | 94.021 | 94,021 | 89,455 | |||
| Total income | 94.O21 | 94,421 | 89,455 | ||||
| Expenditure | |||||||
| Expenditure on charitableactivities Otherexpenditure |
5,6 9 |
\112,400) (871) |
(112,4OO) (871) |
(98,132) | |||
| Total€xpenditure | (113,271| | (113,271) | (98,132) | ||||
| Nelgaanson investments | 10 | 97,963 173,105 271,068 | 250,468 | ||||
| Netincome | (19,250) 97,963 173,105 251,818 | 241,791 | |||||
| Transfers between funds | 81,5241,709,715 | (1,791,239) | |||||
| Netmovementinfunds | 62,2741.807.678 | (1,618,134)251,818 | 241.791 | ||||
| Reconciliationoffunds Total funds brought forward |
23,484897,8021,618,134 2,539,420 | 2,297,629 | |||||
| Totalfundscarriedforward | 85,7582.705,480 | 2.791,238 | 2,539.420 |
| 2022 | 2021 | ||
|---|---|---|---|
| Note | E | € | |
| Fixed assets | |||
| Tangible fixed assets | 16 | ||
| lnvestments | 't7 | 2,705,48O | 2.513.412 |
| 2,707,872 | 2,516,941 | ||
| Current assets | |||
| Debtors | 18 | 2,336 | 2180 |
| Cashatbankand in hand | 85.535 | 24485 | |
| 87.871 | 26,665 | ||
| Creditors:amountsfallingduewithinone year | 19 | 4,505 | 4,186 |
| Netcurrent assets | 83,36622.479 | ||
| Total assets lesscurrent liabilities | 2,791.238 | 2.539,420 | |
| Netassets | 2,791,238 | 2,539.420 | |
| Funds of thecharity | |||
| Endowment funds: | |||
| Permanent endowment funds | 1,618,'134 | ||
| Expendable endowment funds | 2,705,480 | 897,802 | |
| Unrestricted funds | 85,758 | 23,484 | |
| Total charityfunds | 21 | 2.791.23a | 2539.420 |
| lnvesamert income | |||
|---|---|---|---|
| lncome from other inveslments Bank interest receivable |
Unrestricted Tota! Funds t€ 94,015 66 |
Funds 2022 94.015 Unrestricied Funds € 89.454 1 fotal |
Funds 2021 t 89,454 1 |
| 94,021 | 94,021 89,455 |
89.455 |
| :xpenditureon charitableactiviti | esbyfund type | |||
|---|---|---|---|---|
| Unrestricled Funds € |
Endowment Total Funds Funds 2022 !e |
|||
| Grants payable Support costs |
'17,503 | - - |
94,897 17,503 |
|
| 112,400 | 112,404 | |||
| Unrestricted | Endowment | Tolal Funds | ||
| aunds t |
Furds t |
2021' r |
||
| Grants payable | 83,950 | 83,950 | ||
| Supportcosls | 14.182 | 14.182 | ||
| 98,132 | 98132 |
| Expenditure on charitable | activitiesbyac$vity type | |||
|---|---|---|---|---|
| Grant funding | Total,unds | Total fund | ||
| ofactivities Supportcosls tt 2022 € |
2021 € |
|||
| Grants payable | 94,897 | 94.897 | 83,950 | |
| Governancecosts | - | 17,503 17.503 |
,4,182 | |
| 94,897 | 't7,503 112,400 | 98,132 |
| Analysisofsupport costs | ||||||
|---|---|---|---|---|---|---|
| Grant funding | ||||||
| support costs t |
Total2022 e |
Total2021 I |
||||
| Staffcosts | 14,724 | 14.724 | 14,0U | |||
| Pension | 717 | 717 | ||||
| Rent | 600 | 600 | 2.400 | |||
| lnsurance (office and Trustees' indemnity) | 964 | 964 | 850 | |||
| Telephone | 16'1 | .t6.1 | 187 | |||
| Computer costs | 1,668 | 1,668 | 2.137 | |||
| General expenses | 299 | 123 | ||||
| lntercharity recharge | (9,454) | (9,454) | (10,953) | |||
| Investment and legal fees | 4,'106 | 4.106 | 1,814 | |||
| Depreciation | 1,239 | 1.239 | 1,601 | |||
| Donation | 367 | 367 | ||||
| Bankcharges | 96 | 96 | 69 | |||
| lndependent examination | 2,016 | 2.016 | 1,920 | |||
| 17,503 | 17,503 | 14,182 |
| The GibbonsFamilyTrusthascapitalfundsinvested lnves incomeisreceivednet ofinvestment fees. Analysiso, grants |
tment Managers,CCL | A.CCLA |
|---|---|---|
| 2022 € |
2421 I |
|
| Grantsto institutions | ||
| Organisations and charitiesinDevon | 66,390 | 49.213 |
| Organisations and charitiesinthelsleofThanet, Kenl | 20,500 | 23.44O |
| OrganisationsinDevon and the lsleofThanet, Kent | 2,000 | 4,250 |
| 88,890 | 76.943 | |
| Grantsto individuals | ||
| Grants to individuals | 6,007 | 7,OO7 |
| Total grants | 94.897 | 83.950 |
| Yearended31March2022 9.Otherexpenditure |
||||
|---|---|---|---|---|
| Unrestricted Total Funds Funds 2022 te |
Unrestricted Funds € |
Total Funds 2021 e |
||
| Losson disposaloftangible fixed | ||||
| asselsheldforchaaity'sownuse | 871 | 871 | ||
| '10.Netgains onirvestments | ||||
| Endowment Total Funds Funds 2022 l€ |
Endowment Funds t |
Total Funds 2021 r |
||
| Gains/(losses) on other investment | 271,068 | 271,068 250,468250.468 | ||
| 11.I'letincome | ||||
| Netincomeisstated after charging/(crediling) | ||||
| 2022 | 2021 | |||
| € | r | |||
| Depreciationoftangible fixed assets | 1.239 | 1,601 | ||
| Losson disposaloftangible fixed assets | 871 | |||
| 12.lndependent examination fees | ||||
| 2022 € |
2021 l |
|||
| Feespayabletotheindependent examinerfor. | ||||
| lndependent examinationof thefinancial | statements | 2,O16 | 1.920 | |
| 13.Staffcosts |
| Thetotal staff costs and employeebenefitsfor the reporting period aIe analysedasfollows: 2022 2021 €e Wages andsalaries 14.724 14,034 Employer contributionstopensionplans 717 |
|---|
| 15,441 14,034 |
| Tangiblefixedassets | |||
|---|---|---|---|
| Fixturesand | Computer | ||
| littings | equipment | Total | |
| e | € | € | |
| Cost | |||
| At1April2021 | 3,629 | 6.918 | 10,547 |
| Additions | 973 | 973 | |
| Disposals | (3,465) | (3,195) | (6,660) |
| At 3't March2022 | 164 | 4,696 | 4.860 |
| Depreciation | |||
| At1April2021 Chargeforthe year |
3,190 't64 |
3,828 1,075 |
t,o18 1.239 |
| Disposals | (3,190) | (2,599) | (5,789) |
| At31March2022 | 164 | 2.304 | 2,468 |
| Carrying amount | |||
| At31March2022 | 2,392 | 2.392 | |
| At 31March 2021 | 439 | 3.090 | 3 529 |
| lnvestments | ||||
|---|---|---|---|---|
| CCLA | ||||
| Property | Other | CCLA Ethical | ||
| Fund t |
shareholding € |
Fund I |
Total € |
|
| Costorvaluation At1April2021 |
905.22930.8531,577,330 | 2.513.412 | ||
| Additions | ||||
| Disposals | (14,085) | (64,915) | (79,000) | |
| Fairvalue movements | 135,139 | 2.492 | 133.437 | 271,068 |
| At31March2022 | 1,040.36819.2601,645.852 | 2.705,480 | ||
| lmpairment | ||||
| Att April2021 and 31March 2022 | ||||
| Carrying amount At31March2022 |
1,040,36819,2601,645,852 | 2,705/80 | ||
| Al3'1March 202'l | 905.22930,8531.577.330 | 2,513,412 |
| These represent small individual shareholdings inheritedfrom re valued each year end at marketvalue. 't8.Oebtors |
Miss V Gibbons deceas | ed andare |
|---|---|---|
| 2022 | 2021 | |
| L | ||
| Other debtors | 2.336 | 2.180 |
| 19,Creditors:amountsfallingduewithinone year | ||
| 2022 | 2021 | |
| € | € | |
| Accruals and deferred income | 2,016 | 1,920 |
| Social security and other taxes | 63 | |
| Other creditors | 2,426 | 2,140 |
| 4,505 | 4,186 |
| llnrestricted funds | |||||
|---|---|---|---|---|---|
| At | Gainsand | At | |||
| 1Apt2021 | lncomeExpenditure tt |
Translers € |
losses31 €€ |
Mar 2022 | |
| General funds | 23.484 | 94,021(113,27 1) | 81,524 | - | 85.758 |
| At | Gainsand | At | |||
| General funds | 1Apt2O2O t 22,936 |
lncomeExpenditure !e 89,455(98,132) |
Translers € 9,225 |
losses31 te- |
Mar 2021 23.4U |
| Endowment | funds | At | Gainsand At |
Gainsand At |
|
|---|---|---|---|---|---|
| 1Apt2021 € |
lncomeExpendilure €r |
Transfers € |
losses31 Mar 2022 It |
||
| Permanent | |||||
| Endowment | Fund | 1,6'18,134 | (1,791.239t | 173,r05 | |
| Expendable | |||||
| Endowment | Fund | 897.802 | 1,709,715 | 97,963 2,705.480 |
|
| 2,515,936 | (81524) | 271,068 2,705,480 |
|||
| At | Gainsand At |
||||
| 1Apt2020 r |
lncomeExpenditure tt |
Translers € |
losses 31l,4ar2021 re |
||
| Permanent | |||||
| Endowment | Fund | 1,459,511 | 158,6231.618,134 | ||
| Expendable Endowment |
Fund | 815,182 | (9,n5) | 91.845897.AO2 | |
| 2.274,693 | (9225) | 250,4682,515,936 |
| Analysis ofnetassets betweenfunds | ||||
|---|---|---|---|---|
| Unrestricted Funds r |
Endowment Total Funds Funds 2022 r€ |
|||
| Tangible flxed assets lnvestments |
2,392 | - 2.705.480 |
2.392 2.705.480 |
|
| Current assets | 87,871 | - | 87.871 | |
| Creditorslessthan1year | (4,505) | - | (4,s05) | |
| Netassets | 85,7582,705,480 | 2,791.238 | ||
| Unrestricted | Endowment | Total Funds | ||
| Funds | Funds | 2021 | ||
| e | e | r | ||
| Tangible flxed assets | 3,529 | 3,529 | ||
| lnvestments | 2,s',t3.412 | 2.513,412 | ||
| Current assets | 24,141 | 2,524 | 26,665 | |
| Creditorslessthan1year | (4,186) | (4,186) | ||
| Netassets | 23,4842.515.936 | 2.539,424 |
| 299 Exmouth Squadron Alr Cadets | 1,000 | Happy Days | '1,000 |
|---|---|---|---|
| BeaconColEPrimary, Exmouth | 1,980 | HollowLaneClub | 2,500 |
| Bounce (Brighter Futures Foundation) | 2,500 | Honiton Town Youth Football club | 4.800 |
| Bradninch Youth Club | 900 | lnspiration Creative | 3,000 |
| Bridgerule VillageHall Ltd | 2,500 | lsland Trust | 1,000 |
| Canada Hill Primary school | 750 | Kent Enterprise Trust | 3000 |
| Cerebra | 900 | Life Education Wessex | 2000 |
| Children's HospiceSouthWest | 2500 | Living Paintings Trust | 750 |
| Chilton Primary school | 1,000 | Looping the Loop | 1,500 |
| Coach Core Foundation | 1,000 | Lympstone Pre-School | 2,000 |
| Colyton Grammar School | '1,500 | MoortoSea Music Collective | 3,000 |
| Cranbrook Education Campus | 2,000 | Nourishing Families | 3,000 |
| Crediton BabyHub | 1,000 | Otlery StMaryTown Council | 2,000 |
| Dememlza Hospice Care for Children | 2,500 | Ramsgate Disabled Youth Club | 1,500 |
| DYS Space Ltd (Space Youth | |||
| Services) | 1,500 | Readfor Good | 1,500 |
| Ernesenle Communily school | 1,000 | Sir Francis Chicester Trust | 2.000 |
| ExeSailing Club | 2,000 | Sirona Theraputic Horsemanship | 1,500 |
| Exeter Amateur Boxing Club | 1,500 | SOS Global | 1,600 |
| Exeter Phoenix | 1,000 | St Peters Primary School Budleigh | 2,510 |
| Exeter Road Primary School | 2.000 | Studentlife | 2,000 |
| Families for Children Adoption | 3,000 | Thanet Community Development | 3,000 |
| First Light South West | 2.000 | TopshamStJames Cricket Club | 600 |
| Friends of Soulh Dartmoor Association | 350 | Willowbank Education | 1,000 |
| GAP-AThanet Communily Project | 2,000 | Woodbury SaltertonCofEPrimary | 1,000 |
| Handicapped Children's Action Group | 2,000 | Woodlanders Pre-School | 750 |
| Honiton Town Youth Football club | 4,800 |
|---|---|
| Families for Children Adoplion | 3,000 |
| lnspiration Creative | 3,000 |
| Kent En:erprise Trust | 3,000 |
| Moorto Seal\4usicCollective | 3,000 |
| Nourishing Families | 3,000 |
| Thanet CommunltyDevelopmena | 3,000 |
| St Peters Primary School Budleigh | 2,510 |
| Bounce(BrrghrerIururesFoundalron) | 2,500 |
| Bridgerule Village HallLtd | 2,500 |
| Child.en's HosprceSouthWest | 2,500 |
| Dememlzal"'lospiceCare for Children | 2,500 |
| Hollow Lane Club | 2,500 |
| Cranbrook Education Campus | 2,000 |
| Exe Sailing Club | 2,000 |
| Exeter Road Primary School | 2,000 |
| First Light South West | 2,000 |
| GAP- AThanet Communily Prolect | 2,000 |
| Handicapped Children's Aclion Group | 2,000 |
| Life Education Wessex | 2,000 |
| Lympstone Pre-School | 2.000 |
| Ottery Stl\4aryTown Council | 2,000 |
| SirFrancis Chicester Trust | 2,000 |
| Studentlife | 2,000 |
| Total | 59.810 |