2023-03-31-accounts - The Gibbons Family Trust

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Trustees'	annual report
Independent examiner's report to the Trustees
Statement	of financial	activities
Statement	of financial	position
Notes to the financial		statements

Registered	charity	name	The Gibbons Family	The Gibbons Family	Trust
Charity registration		number	290884
Principal office			24 Philip Avenue
			Barnstaple
			Devon
			EX31 3AQ
The Trustees			Dr John Frankish	(Chair)
			Dr Miles Joyner			(Resigned	25 October 2022)
			Mrs Elizabeth Lee
			Professor Chris King CBE DL
			Dr Clive Stubbings
			Mr Simon Barnett			(Appointed	24January 2023)
Independent	examiner		Catherine Williams		FCA DChA
			Westcotts (SW) LLP
			47 Boutport Street
			Barnstaple
			Devon
			EX31 1SQ

					2023		2022
				Unrestricted	Endowment
				funds	funds	Total funds	Total funds
			Note		2	2
Income and endowments
Investment income			4	93,359		93,359	94,021
Other income			5	16,707		16,707
Total income				110,066		110,066	94,021
Expenditure Expenditure on charitable		activities	6,7	(111,872)		(111,872)	(112,400)
Other expenditure			10				(871)
Total expenditure				(111,872)	—	(111,872)	(113,271)
Net (losses)/gains	on investments		11		(246,044)	(246,044)	271,068
Net (expenditure)/income movement in funds		and net		(1,806)	(246,044)	(247,850)	251,818
Reconciliation of	funds
Total funds brought	forward			85,758	2,705,480	2,791,238	2,539,420
Total funds carried forward				83,952	2,459,436	2,543,388	2,791,238

				2023	2022
			Note
Fixed assets
Tangible fixed assets Investments			17 18	1,595 2,459,436	2,392 2,705,480
				2,461,031	2,707,872
Current assets
Debtors Cash at bank and	in	hand	19	4,411 81,040	2,336 85,535
				85,451	87,871
Creditors: amounts		falling due within one year	20	3,094	4,505
Net current assets				82,357	83,366
Total assets less	current liabilities			2,543,388	2,791,238
Net assets				2,543,388	2,791,238
Funds ofthe charity
Endowment funds Unrestricted funds				2,459,436 83,952	2,705,480 85,758
Total charity funds			22	2,543,388	2,791,238

Investment income
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
Income from other investments Bank interest receivable	92,951 408	2 92,951 408	94,015 6	2 94,015 6
	93,359	93,359	94,021	94,021

Other in	come
					Unrestricted	Total	Funds	Unrestricted	Total	Funds
					Funds		2023	Funds		2022
Reimbursement		from	the	David			2	2		2
Gibbons	Foundation				16,707		16,707

Expenditure on charitable	activities by fund type
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
Grants payable Supportcosts	2 102,265 9,607	2 102,265 9,607	94,897 17,503	2 94,897 17,503
	111,872	I If 872	112,400	112,400

Expenditure	activities by activity type
	Grant funding		Total funds	Total fund
	of activities Support costs		2023	2022
Grants payable Governance costs	2 102,265	2 9,607	2 102,265 9,607	941,897 17,503
	102,265	9,607	111,872	112,400

Analysis ofsupport costs
		Grant funding
		sUpport cos'ts 2	Total 2023 f	Total 2022
Staff costs		13,421	13,421	14,724
Pension		511	511	717
Rent				600
Insurance (office and Trustees'	indemnity)	819	819	964
Telephone		156	156	161
Accountancy (Payroll costs) Computer costs General expenses Trustees expenses		450 422 232 150	450 422 232 150	1,668 299
Intercharity recharge Investment and legal fees Depreciation Donation		(9,583) 797	(9,583) 797	(9,454) 4,106 1,239 367
Bank charges Independent examination		72 2,160	72 2,160	96 2,016
		9,607	9,607	17,503

Analysis of grants
					2023	2022
					2	2
Grants to institutions
Organisations and charities Organisations and charities	in Devon in the Isle ofThanet,			Kent	70,440 24,550	66,390 20,500
Organisations in Devon and	the Isle	ofThanet,	Kent		500	2,000
					95,490	88,890
Grants to individuals
Grants to individuals					6,775	6,007
Total grants					102,265	94,897
A full list of grants made is	included	in the appendix.

Ye	ar ended 31 INarch	2	02	3
10.	Other expenditure
							Unrestricted	Total Funds		Unrestricted	Total	Funds
							Funds		2023	Funds		2022
	Loss on disposal of tangible			fixed
	assets held for charity's		own use							871		871
11.	Net (losses)/gains on	investments
							Endowment	Total Funds		Endowment	Total	Funds
							Funds		2023	Funds		2022
	Gains/(losses) on other investment											F
	assets						(246,044)		(246,044)	271,068	271,068
12.	Net (expenditure)/income
	Net (expenditure)/income		is	stated		after charging/(crediting):
										2023		2022
										2
	Depreciation oftangible fixed assets Loss on disposal oftangible fixed assets									797		1,239 871
13.	Independent examination			fees
										2023		2022
	Fees payable to the independent				examiner for:					6
	Independent examination		of	the financial			statements			2,160		2,016
14.	Staff costs
	The total staff costs and	employee				benefits for the reporting			period are	analysed as	follows:
										2023	2022
	Wages and salaries Employer contdbutions	to	pension			plans				2 13,421 511	14,724 717
										13,932	15,441

Tangible fixed assets
	Fixtures and	Computer
	fittings	equipment	Total
Cost
At 1 April 2022 and 31 March 2023	164	4,696	4,860
Depreciation At 1 April 2022	164	2,304	2,468
Charge for the year		797	797
At 31 March 2023	164	3,101	3,265
Carrying amount At 31 March 2023		1,595	1,595
At 31 March 2022		2,392	2,392

	COLA
	Property	Other	COLA Ethical
	Fund	shareholding	Fund	Total
Cost or valuation
At 1 April 2022 Additions	1,040,368	19,260	1,645,852	2,705,480
Fair value movements	(165,054)	1,070	(82,060)	(246,044)
At 31 March 2023	875,314	20,330	1,563,792	2,459,436
Impairment
At 1 April 2022 and 31 March 2023
Carrying amount
At 31 March 2023	875,314	20,330	1,563,792	2,459,436
At 31 March 2022	1,040,368	19,260	1,645,852	2,705,480

19.	re-valued each year Debtors	end at market value.	ecea	e and i
			2023	2022
	Other debtors		4,411	2,336
20.	Creditors: amounts	falling due within one year
			2023	2022
	Accruals and deferred income Social security and other taxes Other creditors		2,160 934	2,016 63 2,426
			3,094	4,505

			At				Gains and	At
			1 Apr 2022	Income	Expenditure	Transfers	losses 31 Mar 2023
						2
General	funds		85,758	110,066	(111,872)			83,952
			At				Gains and	At
			1 Apr 2021	Income	Expenditure	Transfers	losses 31 Mar 2022
					2
General	funds		23,484	94,021	(113,271)	81,524		85,758
Endowment		funds
			At				Gains and	At
			1 Apr 2022	Income	Expenditure	Transfers	losses 31 Mar 2023
Expendable
Endowment		Fund	2,705,480				(246,044)	2,459,436
			2,705,480				(246,044)	2,459,436
			At				Gains and	At
			1 Apr 2021	income	Expenditure	Transfers	losses 31 Mar 2022
			2
Permanent
Endowment		Fund	1,618,134			(1,791,239)	173,105
Expendable Endowment		Fund	897,802			1,709,715	97,963	2,705,480
			2,515,936			(81,524)	271,068	2,705,480

Analysis of net as
	Unrestncted	Endowment	Total Funds
	Funds	Funds	2023
		2
Tangible fixed assets Investments Current assets Creditors less than 1 year	1,595 85,451 (3,094)	2,459,436	1,595 2,459,436 85,451 (3,094)
Net assets	83,952	2,459,436	2,543,388
	Unrestricted	Endowment	Total Funds
	Funds	Funds	2022
Tangible fixed assets Investments Current assets Creditors less than1 year	2,392 87,871 (4,505)	2,705,480	6 2,392 2,705,480 87,871 (4,505)
Net assets	85,758	2,705,480	2,791,238

The carrying	for each category offinancial	for each category offinancial	is as follows;
			2023	2022
Financial assets measured	at fair value through	income and
expenditure			2,459,436	2,705,480

							Life Education Wessex and Thames	Life Education Wessex and Thames
Academy FM Thanet						1,500	Valley		2,000
ACTiv8 Youth Theatre						500	Living Paintings Trust		1,000
Alicia Smith						886	Make Southwest		1,000
Autism Help						950	Marine Academy Primary		1,200
Balloons (Devon)						1,500	Maytree Preschool		2,000
bibic						1,200	Merry Go Round Toy Libraries		2,000
Bidwell Brook School						1,500	Miles Evett		900
Boatman, Emma						500	Mill Water SEN School		2,000
Budleigh Salterton Cricket Club						2,800	Oasis Domestic Abuse Service		4,000
Canada Hill Primary School						2,000	Pie Factory Music		1,000
Cegliese, Charlotte						500	Pippins Pre School (Crediton)		1,000
Child Brain Injury Trust						1,000	Planet and People CIC		1,000
Children's Hospice South West						2,000	POW! Thanet		1,500
Claire Gilson						500	Projeot Food		2,538
Codie Baker-Young						199	Punk Against Poverty		1,806
Community Safety Education			CIC			1,000	SAFE Foundation		2,500
Cook &Eat - Royal Devon &Exeter Hospital						2,000	Sailors' Children's Society		1,200
Cranbrook Education	Campus					2,000	SCIENCEDIPITY CIC		1,770
Cranbrook Education Pre-school	Campus			Nursery	and	1,000	Sirona Therapeutic Horsemanship		2,000
Disabled Friends and	Family Association					900	SKATEtotheMAX CIC		500
East Kent Education	Business			Partnership
Ltd						2,000	Sophia Croft		700
Evie Walker						1,300	South Devon Aspergers Group		1,500
Exbud Explorer Scouts and 5th				Sea Scouts		1,000	South Devon Community College		1,000
Excelsior Athletic Development				Club		500	South Hams Area Wellbeing	(SHAW)	1,000
Fdends of Cornwood	School					500	St Peters Primary School		3,000
Go Beyond						1,100	Tarka child contact centre		1,500
							Tavistock & District Outdoor
Go Kids Go						1,000	Education Forum		500
Gretel Finch						550	Thanet Blades		1,500
							Thanet Community Development
Handicapped Childrens		Action		Group		844	Trust Ltd		3,000
Honiton Community College						2,500	Thanet Countryside Trust		1,500
Inspiration Creative CIC						2,000	Thanet Minnows Fishing Club		1,200
Inspire Schools Educational Foundation						1,000	The Hollow Lane Club		2,500
Koestler Arts						500	Whiddon Autumn Festival		2,500
Lagoon View Community Association		Orchard				982	Yelverton Community Projects		2,000
LARK Children's Centre,		Morice Town
Children's Centre						2,500	Youth Resilience LIK CIC		2,500
							Total		295,490

Oasis Domestic Abuse Service				4,000
St Peters Primary School				3,000
Thanet Community Development	Trust Ltd			3,000
Budleigh Salterton Cricket Club				2,800
Project Food				2,538
Honiton Community College				2,500
Youth Resilience UK CIC				2,500
SAFE Foundation				2,500
The Hollow Lane Club				2,500
Whiddon Autumn Festival				2,500
LARK Children's Centre, Morice	Town Children' s
Centre				2,500
East Kent Education Business Partnership			Ltd	2,000
Life Education Wessex and Thames		Valley		2,000
Mill Water SEN School				2,000
Cook &Eat —Royal Devon &Exeter		Hospital		2,000
Sirona Therapeutic Horsemanship				2,000
Cranbrock Education Campus				2,000
Inspiration Creative CIC				2,000
Maytree Preschool				2,000
Canada Hill Primary School				2,000
Yelverton Community Projects				2,000
Children's Hospice South West				2,000
Merry Go Round Toy Libraries				2,000
Total				54,338