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||||Page|
|---|---|---|---|
|Trustees'|annual
report|||
|Independent
examiner's
report to the Trustees||||
|Statement|of financial|activities||
|Statement|of financial|position||
|Notes to the financial||statements||
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|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|||||
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||||||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|
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|||||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|
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|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|
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|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||||
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|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|
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|Expenditure|on charitable
|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|
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|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.|||||
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|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||
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|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|
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||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|
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|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|
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||||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|
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|Analysis of net as|sets between funds||||
|---|---|---|---|---|
|||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|amount|for each category offinancial|for each category offinancial|for each category offinancial|instrument|is as follows;||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|Financial assets measured|||at fair value through|income and||||
|expenditure||||||2,459,436|2,705,480|
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||||||||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|
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|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|