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|Trustees'annualreport|1|
|lndependentexaminer'sreport tothe Trustees|6|
|Statement offinancialactivities|7|
|Statement offinancialposition|8|
|Notes to thefinancial stalements|I|
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|||||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||
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|||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|