Charity registration num￿r. 290884
The Gibbons Family Trust
Annual R•port and Financial Statements
forthe Year Erthd 31 Mwch 2024
WESTCOTTS
cMAItTERED ACCQVIITANTS
& •iISIMÉ$6 AD¥lSSRS

The Gibbons Family Trust
Contents (contlnuod)
Referenc• arKI Administralv• Details
Trust￿, Repcrt
2toS
Indep￿dent Examinevs Report
Statemerrt of FInAn￿alA￿1v￿8s
BalarKe Sh88t
Notes to.the Flnancial Stat*nents
9t018

Tha Gibbons Family Trust
Roference and Administrative Details
Chalr
Dr John Frankish
Dr John Fr8nkl$h
Professor Chris lfjTrJ CBE DL
Mrs Elyzabelh L$9
Dr Clive Stubbing$ (Vi¢e£hair)
Mr Simcn 8amett
Charity Registr4tion Number
2908B4
Principal Office
24 PhilipAv•nL
Barnstapl8
Devon
EX31 3AQ
Ind•p•nd8nt Examln•r
Catherinè Willk4ms FCA DChA
Wèsteotts ISW) LLP
47 Boutport Stm
arnstaple
Devon
aX31 1SQ
Page 1

The Gibbons Family Trust
Tru8tee8' Report
The Trustees present the annu* reptyt togethèr ￿1th tha finanaa statements of the Charity for the
year ènded 31 March 2024.
object1￿$ #nd activiti08
Grants are awarded by the Truslg05 in thelr dixrets'on for charbtablg purpos8s con¢emed
the W￿faTe of childrèn and young people lup the age of 251 in Devon and the Isle of Thanet in Kent. In
the case ¢)f Devon there is preference thoym for thildrèn and young people frcyn East Devon.
This Charity substantially benèfitted from the Wi115 of David Emest Gibbons and Vera May Gibt#)n4
o dièd in 2008 and 2009 respectively These Wills laid out strict Lyitgria fcf this Charity
operates. The Trustees are aware of the criteria and consider it at all time&
tkjring the year the Truste•s have had reyard to the guldance issu•d by the Charfty Commission on
public benefit.
Structure, governance and management
The Charity ha5 b8en fulty compliant all rdevant Charity Commiswcffl Guidanc£ on Governan￿.
sin￿ March 2020, due initialy to t￿onaVi[￿S restriclion$, Trustee m*ing3 have baen o)nducted
Ma1￿,0r￿1ine'. Th1$ removed the need for the Charity to find new office space Ifoll¢)wing the closurg
of previou8 space In June 20211. These meatlngs are 8fficienl, accurate, èconomic and effective.
Trustee meetings continue to be held at least quarterly, to disc#Jss both the grant applic8tions and
Offi￿ rnatters. Meeb'ngs in January, July and September ￿ere held on-line, but a meeting in May was
held face to face at the Vice Chair's house. This meetiro wa5 popular with Trustees being able to
meet in p8r50n, to discuss business and want applications. 8nd further face to fa￿ meeting5 would
con&dGred for the future. OLrt6ide of meelirvJs contsct tth8n the Trust9es al￿ the TrLlSt
Manager via émail is at least ￿ekly.
Scyne grant5, ￿)nsid*￿d as urgent, hava assessed and awarded outwde Df the Ltwjal quartèrly
meetings via omail. with the agr¢ement of the Trustees. This 5$ important as it fac4'1itates grant making
in exceptional or urgent fdtuations. The Trustees continue lo be extremdy gratèful to the￿r Trust
Managw. Cathy Houghton. for her thDfough and excellart managemert of every aspect of the
Charity's affair5.
The Trust￿ are not r8munerated but can d￿rn reasonable travèl expenses to attend a Trustees,
rneetiro or in the COUTse of his or her dutie8. During the yew tlw charity Incur￿ £53 trustèe
eX￿nseS fortravel.
The Trustees are to report that no changes in rnanagemenl of dthor Charity hav8 t8ken place
during the reporting year. The Trustees are pl83sed that Simon Barnett, agreed to join the
Trustees in October 2022, has beLrfne ¥ mo* valued Trustee, allowng the Trustees to rèmain
onstant.
Thg Trustees aspiration to amalgamate t¢)th Trusts to 8 slngla Chadty has not b8an prcgressad.
Although this could simplfy the structure and reduce rn8nag8ment time and wsts The Charities Aci
2022 was not fvIIy irnF4•m?nted and progress delayed. The Trustees have decided lo vrdit until SU
time as th9sa changes arè fully implamented before taking further action, incurring more cost and
rèvisiting this w)ssibilily
The Tr￿5 undertook a review and ratificatM￿ of tha follvmng policyes at the January meetirvJ
2024..
Pwje 2

The Glbbons Famlly Trust
Tru5tses' Report IGontinugdl
The Smajl Gov•mancAg CLKle, GDPR, Complarts, Conflict of Interest, Risk Assessment,
Safeguarding, and Recruitmènt.
hiev8m•nts and pèrfonnance
The Trusiees have continued to di8tribute in grants the maximum income avai18trAe. They have utilised
a further £47,160 oflh¢ pwiou4y wthdrawn capital, de￿gnated for grant sp•nding.
In January 2024 il was agreèd by the Trustees to increase the nuM￿r ol grants meetings during each
finaneial year, from 4 to 6. This is a significant chang? fur the Charity. It was insts'gated due tts noting
an increa5iry demand for hdp from applicants. both in terms of the nurnber of application5 and the
amounts ￿Ing applied f¢y. The Trustees are plea8ed that trwy have been able to respond so
p￿tIv￿Y, to tha incroas8d need for help.
This nèw rnseting strueture began in March 2024. wlh the first ev￿ 'grants' meeting. t17,500 of
grants were awarded to 9 organisalions. Thèsè grants %%ere not paid until April 2024, and so have
been incauded as a creditor in the acix)unts.
Therefore 10t￿ grant$ awarded in 2023124 were £141,253, the gecond highest amount Since the Trust
began in 2010. This yearf$ grants break down as £6,650 to individuas Ithreugh 11 grants) and
£134,6031o organisations (by w8y of 71 grants). The average size wantwa$ £1,723.
Of th& grants distributed in 2023124. £22,250 remain•d in East Devon, an area tor thich this Trust
has a preference stipulatod its Trust Deed. A futher £32,455 was given to help 11 organisations
and 1 individud in need. in the I￿e of Thanet in Kenl.
A I￿1 list of thè grants made to organisations is availat4e a$ an ap￿ndiX to these accounts, and more
Inf￿ma￿on on our average size grants and SU￿e¥S rates rAn be f(xJnd on wr iJ¥eb5ite.
Induding Ihe most recènt grants awardexl in April 2Q24. it is immense pride can report that
since 2010, £1,382,325 has been grfied in 935 grants. During that time averag? grant gze to
individuals was £552, and to organisztion$ £1,736. Whilst these average size grants can fluctuate
from year to year, the Trustees notè an upward t￿nd ovw the past 15 years sn genera.
The Charity does not have a specific grant policy in Pla￿ other than to fdl¢yw the criteria stipulated in
the Trust Deed. However the Trustees generally favcwr smaller local charities rather than large
national charits'e5 offefiro to sUPPOrt locsl naèds.
The Tiustees cx)ntinue to be vigilant in their apprDach to giant-making, reBear¢hing charities on th8
Charity ComrNissi(m webstttr. havi￿ sight of acujl￿ts all csrganisations. and ateepting
applications only frcm individuals wth references. POLI￿0$ surrounding the payrnenl of grants have
remained rigorous to minimise the risk of fraud., paymant is by BACS only after having a copy of bank
identificabon. For grants awarded to individua applicants, BACS payrnents are processed via an
organisalion, charity or servirn providw. dependent on the nature ol tha application.
A system of required feedback has been continued thls year ensLwing grants are spent or utilisad in
line wth the akvlications, and wlhin 6 month$ of receiving the grant. On OC￿S1On situations may
change. and ￿qUestS are rnade to the Trusteès for a different use of a grant, which the Trustees then
discuss. In addition, the Trustees cx)ntinue lo welcomg successful applicants lo send feedback via
thankyou's, report& photos. and inviL2tions, fdlowing ro¢eipts of grants.
The Charity continue8 to sh?ra all resources. website. and d¥tsb8$e, with The David Gibbon$
Foundation. The Trustèas ar• pleased that the online grants database delivers an offioent and
paperless system for Trustees in th￿r preparation for m88ting
Page 3

The Gibbons Famity Trust
Trustoos, Report (continued)
Flnanclal revlew
The Charity report$ an investment incorne during the year of £93,401 12023." £92,951) from CCLA.
plus CAF bank interèst of £79512023.. £4081. AJI Of this In￿M9 was available forgrants, 2ft8r alltiwng
forminimal Offi￿ ciJ5t
On 31st March 2024 funds were CCLA Elhica £1,717,433 12023.. £1.563,792) and CCLA Propety
£830.161 12023.. £875,314). This Charty a180 continues to hdd an inveglmenl in Hydrohot
Eastboume plc. inherited from the Estste of the late Miss V Gibbons. Divldends of £74912023.'£3001
%%Ere received from this Investment.
As always, the Charity tries to keep Dffice costs paid froyn Unrestrietad Funds as srnall as p0S￿ble.
maxi.misng inwme ak'ailable for ¥raniS ￿ti￿LInueS to be the financ4al prioiily. OTnce costs amounted to
£13,617 12023.. £9,607). A further draw down from caprtal investments 18 plannod for April 2024 to
cover cost¥. ￿ that all aam8d inwme can be utilis*l for grant making
The B8lance Shegt hag fluclualed in value dua to financlal turbulenc• in investm•rts relating to the
unstable wodd markets. The Trustees noted the value of th8 B*ance She¢t has inuea5ed as at 31st
March 2024. This is £2,591,751 12023.. £2,543,388 and 2022.. £2,791.2381. Thi¥ increase of £48k hq$
made It p0s￿bIe to consi￿r a furthw ca￿tal L*aw down to wpport grant making ability.
R•*•rves and InveBtment poll¢y
The reserves of The Gibbon$ Family Tru31 a￿ made up of on un￿StriCted and Expendable
Endowrnenl Fund. Thé Trustees are s*isfied that the current balanc8 of investmwt Is a5 goofj and a5
*e as the current financial srf£uation ean provide. The reservè5 01 the Endownent Funds remain
invested wth CCLA InVestM￿t Management Ltd. The Tnjstees wll continue to rnonitor dosèly all
dividends received and eapitd valués as well as the balan¢¢ betsveen the funds. The Twstees o1$0
watch the fluctuation In the fund values, for future potential opwlunity lo further withdraw fund8.
when required to b008t the Unrestricted Fund.
In ￿ Unrostri¢Xed Fund the Trustees operate a'zero leval policl, aiming lo spend ègch year all the
n¢orne availatle to them from Investments lafler allowing for minlmal offica èxpenses). Hwever, a
ca￿tal cash balance Of £6,701 is induded in the year end cash balance. The £50,000 dr8wn down in
January 2022 gave the Trustees greater flexibilty w7th grant making bul h85 now been almost spent.
A recharge from The David Gibbons Foundation of £16,707 for Off￿ cost5 in thè prior year, gave the
Trustees furthw flexibilty ￿lih grant makiro and is shown by the excess of •xp8nditure1£155,0701
incomg1£94.1981
Page 4

Tho Glbbons Famlly Trust
Trustges. Report (Gontinuedl
statement of Tru8lees' Responsibilitlgs
The TN8tee$ ar• responsible for preparing the Trustegs, report and the finanrial ststèm•nts in
accordance thè United Kingdom Accounting Standards {United Kingdom Generally Accepted
Accounting Pradic¢l and applicable law and regulation8.
The law applicable to charities requir09 the Trustees to prepare financial statements for each finanaal
year thich give a trua and fair viaw ol the state of affairs of tho Charity and of the incorning resources
and applicati¢￿) of rasOur￿$ of the Charity forthai k*rfod. In préparing the58 fin3nual Statements, the
Trustees are wuired to..
8dect suitable acc0jnti￿ polic4es and then aptAy them ¢onsistently,'
observe the MèthL￿s and principles in the Charities SORP.,
make judgements and estimate8that ara reasonable and prudent.,
slate Nthelher applieablè accounting standards have bèan follomed, subjecl lo any material
dopartures disclosed and explain￿ in the finarri818tatem8nts', and
prepare the linancid statemènts on the going concem basis unl&%B it Is inapFiopriate lo pre$um•
that the Charity will continu& in busness.
The Trustees are responsible for keepirva propér accounting records that disdose wrth reason8bl•
accuracy al any lime the financial p)*tion of the Charity and 8nable them to ensure that the financi
staternents ￿mplY with the Charities Act 2011. the Charitie5 (Accounts and Reports) Regulations
2008, and the provisions ol the constitution. Thè Trustees are a160 responsiblè for safeguarding the
assets of the Charity and hence for ta￿"n9 rèasonable steps lor the prevent1￿ and detection of fraud
and other irregularitie¥.
The Trustèes are responsible for the maint8nane£ and integrity of the ¢orporate and financAal
irrfomiation Induded on tho ¢harftsLle company's website. L8gi4alion 9OV8rning the preparation and
dis9emin8tion ol financia statements may drflwfml69islab.L￿ in otherjurisdictior
The annual report wa$ approvgd by the Trust005 of the Charity on
behaff by..
and signèd on rts
rJo
Frankish
and Trustee
Page 5

The Gibbons Family Trust
Independent Examlnèrfs Report to the trustees of The Glbbong Famity Trust
I report to the Trusteeg on my examinati(￿ of the accounts of The GlblThs Family Tw3t for the year
ended 31 Mar¢h 2024.
R•spon¥ibiliti•s and basls of r•port
As the Charity Trustees of The GI￿n3 Family yw are resp)nyAble for preparation of the
accounts in a¢¢ordance ￿th the requiremèntB of th• Charities Art 2011 I'lho Act'i.
I report in reyct of my examinatson of the The Gibbong Famity Trusfs accounts carried out under
section 145 of the 2011 Act and in carying out my examination I have f0l1ty￿ed all applicablg
Directions glven by th& Charity Comm183irx) undér 8ection 14515llb} of the Act
Independ•nt gxamlno￿$ 8tJtemert
I have rx)rnFloted my eXaminatic￿. I confimi that nts matorlal matters have cyyne to my att8ntion in
connection with the examination givirvJ me ca￿￿ to bèlI￿e that in any material respect..
1. accounts'ng rewds ￿tre not kept in rnSFeCt of Tho Gibbons Famity Tnjst as requI￿d by 3ection
130 ofthe Act.. or
2. the aceount8 do not accord wth those reo)Tds'. or
3. tlw accounts do not compty vAth the accounting requirements concerning the lorm and wlenl of
acts)ynts set out in the Chariti•$ (Accounts and Reports) Regulations 2008 other than any
r￿ulreME￿t that the accounts grye a'true and fair vi&V ￿lch 6$ not a mattvA Cc￿S1dtred as part
of an independent examination.
I have no cor￿M$ and h￿e c4yre across no other mattws in connectlon wth the exarninalrffi to
which attention should be drawn in this rep)rt in order to enaL4è a proper understanding of the
accounts to be reached.
Catherine VWlliam5 FCA Dct
Wesicutts (SVV) LLP
47 Boutw street
Barnstaple
Devc
EX31 1SQ
Page6

The Gibbons Famlty Trust
Statomont of Flnancial Activities for tho Year Ended 31 March 2024
unr￿trIctsd Endovnnent
funds
funds
Totsl
2024
Totsl
2023
Noto
Income and Endowmonts from:
Invastment income
other income
94,198
94.1
93,359
16,707
Total incomo
94.196
94.196
110,066
EN￿ndItur?0n.
Charitablè aL￿v￿e$
1155,0701
1155,070)
{111,872)
Total exp8nditura
GBinslllossesl on
investments
1155,0701
1155,0701
{111,8721
109,237
109.237
(246.0441
(247.850
Nel lexp8nditur•l/incc¢me
Net movement in funds
{60.874}
109,237
48.363
160,874)
109,237
48.363
1247.850)
Ro¢onclllatlon of funds
Total funds brought fcTh3rd
T¢)tsl funds carried fO￿ard 18
83,952
2,459,436
2,543,388
2.791,238
23,078
2,568,673
2,591,751
2.543,388
l of the activib"gsderive from continuirvj op•ratbons during tho above period¥.
The lund8 breakdts￿ for2023 is shown in note 18.
The notes on pggès 9 to 18 an integral part of these financial ￿ateMen
Page 7

Thè Gibbons Family Trust
(Regjgtratlon number: 2908841
Balance Sheet as at 31 March 2024
2024
2023
Noi
Fixed asgats
Tangible ass6ts
Investments
13
14
1,595
2,459,436
2,461,031
2,568,673
2.569.737
Current asséts
Debtors
at bank aid in hand
15
16
5,016
38,497
4.411
81,040
43.513
85,451
Credltorn: Amounts falling duewlthin oneyèar
N8t currentasgots
17
21,499
3,094
22,014
82.357
Net assets
2,591,751
2,543,388
Funds of th8 Charlty:
Endowmentfvnds
2.￿8,673
2,459,436
Unrestricted Ineom? funds
Unrestricted funds
23,078
83.952
Totsl funds
18
2,591,751
2,543,388
The fina
CL31 stslernents Cr pages 7 10 18 were approved by tho Trustees. and authorl#ed for issu•
- and sign8d an their behaw by-
DrJo
Frankish
and Trustee
Dr Clwe Stubbings (Vice¢hairl
Tru8tee
The notes pays 9 to 18 fLYm an intsgral part of these fina￿131 statements.
Page 8

The Gibbons Famlly Tn￿t
Notes to tho Flnanclal Statements for the Yaar Ended 31 March 2024
1 A￿oUntIng policles
ststement of compliance
The financia statements have been wapared in accordance ￿rnth the second edition of the Charities
Statement of Recommanded Practi￿ issued in Octobèr 2019, the Finantyal Raporting Standard
applicaL4e in the United Kingdom and Republic of Iréland IFRS 1021 and the Charities Act 2011.
Basis of preparation
The Gibbons Famity Tru* megts the definition of a public benefrt ontity undeT FRS 102. The acry)unt$
Ifinancial slalement51 havè baen prepared under the historical cost convention wth items recognised
8t cost or transaction valuè unlegs otheThyise staled in the reletr￿ nolel31 lo th?$8 acco￿13.
Goin9 concern
Th8 Trusteès consder that there are no material uncertainties about thg Charity's ability tts ¢ontinu8
48 a golng concern.
Income and •ndowm•nts
InvestnRnt in¢om•
Llvidends are recognised oncE the divideTrJ ha$ bs¥n d￿ared and notification has been receivèd of
the divider¥J due.
Exwnditur•
All expeThJiture is re¢ognis?d onc• there is a legal cf etsnstructive obligaticn to that expenditure, il 18
probabl¢ settlemont is required and the amount ean be measured reliab￿. All cosis are alloc*ed to
the applicaNe expenditure heading that aggregate ￿milar costs to that cal￿ory. Where ¢))sts cannot
be directly attributed to particular headings they have been allocated on w basis consistent with the
use of iesources, wth central staff ojsts allocated on the ba*s of tsme spent. and depreciation
charyes allocated on the wrtion of the asset's use. Oiher support costs are allc¢at8d based on the
spread of staff costs.
Charilable actlyltles
Charitable expendiiure compn'ses thos8 cosis In￿rred by the Charity in the ddivery of its activities
and services for its benefiryarie& 11 I[￿ude9 both costs that can be ollocated dIre¢t￿ to wch activibes
and those co8ts of an indired nature necessary to support them.
Gtsntpmvlsions
Provi90ns for grants are mado vhen the intention lo make a grant has been communica￿ to the
recipient but there is uncertalnty abcrtjt eitherthe timlng of the grant or the #mount of grant payable.
Support costs
Support costs include e•ntral functions arKI have b•8n allocated to ac*vty Cost categorles on a bas1$
consi*ent ￿1th the use of resources. for example, allocating property costs by floor areas, or per
pits. staff costs by the knme sperrt and oth•r eosts by their usage.
Pag¢ 9

The Gibbons Family Trust
Notes to tha Financlal Statements for the Year Ended 31 March 2024
Icontinuod)
Tangible fixed assgts
Individua fi'xed assets costing £100.00 or more are inilally recorded al cost, 18ss any sub8equent
cunulated deprerAation and subsequent accumulated irnpairment losses.
Depwlatlon and amortlsativn
Depreciation is provided on tangible fix&J assets so a8 to off the eost or valuation, less any
ests"mated re8idual value. over thelr expected useful econom￿ life a$ folluNs.'
A￿•t class
Fixture, fittiny5 ond equipm•ni
Comput•r 8quipm8nt
?C4wOii iiwuiuu aiid ratè
15% reduciry balance
33% reduung balance
FIX￿ as*gt Invg8trn•nts
Fixed asset investments, other than pragramme related investrnent4 are induded al market value at
the balan￿ shèÈt dale. Re81ised gains and losses on investTnents are eAlculated as the difference
between sales procaeds and thèir market value al the si8rt of the year. or their subsequènt C05t, and
are char9gd OT creditsd to the Statèment of Financial Activ￿98 in the ￿riOd of dispo8al.
Unrealised gains and los￿ represerrt tho moVeM￿t in maiket values during th• year and are
credited or charged to the Statemènt of Financi81 Activits"es based on the markol value at thè year eThJ.
ash and cash equlval8nts
Gash and cash equivalents comprise cash on hand and Call deposits, and other thort-lemi hrghly
liquid investm8nts that are règdily convwlitle lo a knovm amcMJnl of cash 4nd ar& subject to an
insignificant risk of thange in valL
Fund structure
Unrestrict&J incorne fund5 are gener￿ funds that are avallaNe for usts at the Trustees discr&liun in
furthorance of thè objectives ot the Charity.
FI•Tanclal Instrumonts
Cl4sslfl¢atlon
Flnaw* assets and financaal Ilabilities are recognised vthen the Charity b￿MeS 8 party to thè
contractual provisions of the instrument
Financial lia￿.11t1es and equity instruments are classifi￿1 ac¢orrfiryJ to substance of the eontractual
arrangèments èntered into. An equity Instrurnent is any c¢Jntraet that evidences a regduol interest in
the assets of the Charity deducthng all of its liabiliti8
Paga 10

The Gibbons Famlly Trust
Notes to tho Financial Statements for the Year Endod 31 March 2024
Icontinued
R￿QgnIfI0ft andm•asur•m•nt
I financial &wets liabilib"05 are Initial￿ measured al tran￿ctIOn price lincludiro tran#aXion
costs), except for flnancid assets clas￿fi&l as at fair value through profft N loss, whlth ar8
initialty meagjred at fair Val￿ {w*ich is normalty the tran5adion price exduding transaction costs).
unless the arraroement o)nstitutes a fin8￿rtg transaction. Ir an arrangem•nt constitutes a fIn￿¢Ing
transacaion. the finanaal assot or finanoal liability is mea￿red at tha present value of thè future
payments diseountad at a market rate of interest fc* 8 Imll¥ debt InStruM￿L
Financial assets and liabilib"e8 arè only offset in the statement of financial position when, and only
when there exist5 0 I￿011Y enlor¢eable right to set off the reco9nised amounts and the Charity intends
ef(her to getde on 8 net ba￿5, or to realise the asset and 3etUe the liatsl'ty ymu1tane0u￿y.
Financial as8ets are derecognised vthan and only al the contractual rights to the cash flcpw
from the finaTh781 asset extxr8 or arè settled, b) the Charity transfers to another party substantially all
of the risk5 and rèvArds ol ownership of the financial 8Sget, or cl the Charity, despite haV1￿j retained
some, Ixrt not all, ggnifi'cant risks and rthvards of oMwrship, ha5 tran*rrèd cc4)trol of the a58et to
another party.
Financial liabilities are derecognised only ￿en thè obligation specAfi'ed in the ¢ontraot is discharged.
cancelled or expires.
2 Invostsntrnt in¢om•
Unrestrictèd
G•n•rdl
lunds
Total
2024
Bank interest rewvable
Investrnent incarre
795
93,401
795
93,401
94,196
94,196
Unrestricted
General
funds
Total
2023
Bank interèst rec6ivat4e
Investmant incc*ne
408
92,951
408
92,951
93,359
93.359
3 Other incon
Total
2023
2024
Re1M￿rseM8nt frcm The DavKI Gibl)on8 Foundation
16,707
Page11

Tho Gibbons Family Trust
Note8 to the Financlal Statements for the Year Ended 31 Mareh 2024
(continued)
4 ExpendltuTr on ¢harftable activltl#
Unrostrictod
General
funds
Fund
2024
2023
Grants payable
Supwt costs
141,253
13,817
141,253
13,817
1 $5.070
102,265
9,607
155,070
111,872
5 Analy¥l¥ of gUPPOrt cost8
Grant fvndlng
upport ¢08ts
Total
2024
Total
2023
Bank charge8
Depreciation of computer
equipment
Wag8s and ¥alaries
Sl8ff pen&on8
Trustees expenses
Insurance
Tdephone
Office expenge$
Computer(osts
Intercharity recharga
Ind¢pendent examinerfs fee
60
60
72
531
17,151
329
53
850
234
78
2,468
{10,2591
2.322
531
17,151
329
53
850
234
78
2,468
{10.2591
2,322
797
13,840
292
150
819
156
232
422
19,5831
2.610
13,817
13,817
9,607
All support costs totsllirvJ £13.817 paid Irom unrestricted furKls12023= £9,607).
Inlwtharity recharge Ss an amount received regularty from The David Gibbons FOu￿ja￿0n with
vthorn the Gibbon5 Family Trust shares resour￿ and servi￿3 of the Twst Manager. employèd by
the Gibbons Farnily Trust All administration and govemance costs. other than those 5pecificalty
attribvtable to each charty are shared equally. paid initially by the Gibbons Family Trust and
rèimbursed by the David &"bbons FouThJation.
The Gibbons Family Trust has capita fund5 invested wth CCLA Invaalment Management Ltd. CCLA
it￿Ome is received rel ol invèstment fees.
Page 12

The Gibbons Family Trust
Notes to the Financial Statements forthe Ygar Endod 31 March 2024
(contlnuedl
6 Analysls ot grants
2024
2023
Grants to organisations
Grants lo organisations and charities in Devon
GMts lo Org￿lSationS and charities in The Isle ol Thantrl. K¢nt
G￿t5 ID organisation5 in DÈvon and The I￿e of Thanet. KÈnt
103,123
31,480
69,240
24,550
500
134,603
94.29D
2024
2023
Grants to Indlvldua
Grants to individuals
6,650
7,975
A full lisi of grants made is IrKI￿ded in th8 appendix.
7 Net incorningloutgoing r•sources
2023
Depreriation of fix&1 assets
531
797
8 Nrt (lossosygalns on Invostm•nts
2024
2023
Gainsl{108gesl on inv•stm&nis
109,237
1246,044
9 TrUSt￿S romun8ration and expeMè#
No Truste0¥, nor any persons connected smth th&m. hava received any rèmunaration frorn the Charfty
during tha year.
The charity has incurred trustee expenses totalliThJ £5312023.. £150).
Page 13

Tho Gibbons Family Trust
Notes to the Flnanclal Statem•nts for tho Year Ended 31 March 2024
(continued)
10 Staff eo¥ts
The aggregate payrofi co*s MEre as foN(y•￿..
2024
2023
staff costs during the year worn:
Wages arKI salarle$
Pension
17,151
329
13,640
292
17.480
13.932
Tho average h8ad count of ernployee8 duriw the yearwas 112023.. 1)
No èmployee rec4ved emoluments of morethan £60,000 during the year
11 1ndepend•ntwmin•￿S rgmun•rnOon
2024
2022
IndeFendenl examinaibn fees
2,322
2.610
Page 14

The Gibbons Family Trust
Notss to the Financial Statements for the Year Ended 31 March 2024
(contlnuedl
12 Legacies
Under the twms of the Ml of the latè Mr D Gibbons this Charlty is a potential benefiuay of
Discretionary Trust Fund with capita value al 31 March 2024 of £31,880 12023.. £33,080). Th8 Other
pottrntial benefiaarfes are the David Gibbon8 F￿ndatIOn and Mr Kevin Banfi&ld. a fomer employee
of Mr Gibbons.
13 Tangiblg fix￿ assèts
Flxture &
Flttlngs
Comput•r
equipment
Totsl
Cost
Al 1 April 2023
164
4,696
4,860
At 31 March 2024
184
4,896
4,8SO
Deprgciation
Al 1 April 2023
Charge forthe year
Al 31 March 2024
164
3,101
531
3,285
531
164
3,632
3,7
Net book valuo
At 31 March 2024
1,C64
1.064
At 31 March 2023
1.595
1,595
Page 15

The Gibl>on5 Family Trust
Notes to the Financlal Statements for tho Yoar Ended 31 March 2024
Icontinued)
14 Invgstmgnts
InvoBtmgnts
CCLA
Property
Other CCLA Ethical
Fund shargholding
Fund
Tolal
Cost orV•luatton
At 1 April 2023
Fair valuè movements
875.314
45,153
20.330
749
1,563,792
153,641
2.459,436
109,237
At 31 Kqarch 2024
830.161
21.079
1717,433
2,568.673
Net book value
A131 Marth 2024
830,161
21.079
1,717.433
2,568,673
At 31 March 2023
875,314
20,330
1563 792
2,459.436
All investments slw)Ym above are hold al valuati￿.
16 Dobtors
2024
2023
Prepayments
Other debtorg
1.560
3.456
2,971
5,018
4,411
16 Cash and caBh oqulvalonts
2024
2023
Cash at bank
38.497
81,040
PwJ816

The Gibbons Family Trust
Notes to thg Financial Stalomonts for the Year Ended 31 March 2024
(contlnuad)
17 ¢reditOf8: amounts tslllng due one year
2024
2023
Other taxation arKI 80ual Security
Other ￿edItorS
Accruals
1,877
17,500
2.322
934
2,1
21,499
3,094
18 Funds
Balanc• at
1 April
In¢omlng
2023 rgsourc•s
Othèr Balance at
Resources
r8CO9nls8d
31 Ma￿h
Oxponded gainslllossg81
2024
Unmstrfcted funds
Gènaral Funds
83,952
94.196
1155,0701
23.076
Endowm8nt funds
Expendable
End￿ment Funds
2,459,436
2,459,436
2,543,388
109,237
2.568.673
109.237
2,$68,673
2,591,751
Totsl funds
94.196
{155,070
109.237
Balancg at
1 April
In¢omlng
2022 rnsources
other Balance at
Resources
rècognlsed
31 March
oxpended gainslllossesl
2023
un￿trIcted funds
Gener￿ FUr￿S
85,758
110,(E6
(111,8721
83,952
Endovmi8nt funds
Expendablo
Endowmont Funds
2,705.480
2,705,480
246,0441 2,459,436
1246,0441
2,459,436
246.0441
Totsl funth
2.791,238
110,ffi6
1111.872
2,543,388
Page 17

The Glbbons Family Trust
Notes to the Flnanclal Statemènts for the Ygar Ended 31 March 2024
(¢ontlnuedl
19 Analysls of net aBBets bett¥••n funds
Unrgstrlctsd
funds
Gèneral
Endowment
funds
Expondable
Total fvnds
at 31 March
2024
T￿gIble fix&a asgets
Fixed asset investments
Current a￿t5
Current liabiliti•s
1,LK4
2.568.873
43,513
2,568,673
43.513
121.4991
23,078
Total net assets
2.568,673
2,591,751
Unrestrlcttd
funds
Gèneral
Endowrnent
funds
Expendablo
Total fundy
at 31 March
2023
TaThJiblo flxéd assets
Fixed asset Invè¥tments
Curn)t assets
Current liabllltie¥
1,595
1.595
2.459,436
85,451
13,0941
2,543,388
2.459,43e
es,451
3,094)
Totsl net assets
83,952
2,459.436
20 R¢lated party tran¥actlon$
Th8re were no relatgd party tran9aetions in the yèar.
Pag•18

The Gibbons Famity Trust
Ix
- Gr&ntsto o
ani6al.ons Ils1￿ al
at*b"call
51h EymDUth Sea S(¥xt8
ACM¥8Youth Theatre
AGtion fDrChlldrer Totrts CNkJr¢n* Certh
AdwntyTe Therapy
AmEer Foundauon
BalloDns
B¢loffj S¢h¢ol
BoU￿e IBrfght8r FU￿r￿ Fovrthtionl
Budlelgh Satterton aub
ca￿8rtTrU5l
Canada All Prfmpry s¢*￿1
Cary ParfiTrDni$ Club
Ctr*rilon Fitzpaine Primary
CDldharbour Mll Trubt
Communty Driving SchvJl
Communtyn Safety Eduub"on
EnBirEering EevdwnentTh
EmeaelU8 Communty
Ex8t8r Baby Bank ￿two￿t
E%•t*r Phponix
Family byme Sea
FO￿￿ndS He*18
Gi885 c1rfto￿I1l•
py Days
Fk>rizon8 Ply)n¢uth
laand Thjst
ngsb[￿8 Uub
lfjng5brithJ* SkalvpHtk
Lauwer
LrfB Eduo4ts'on IA4ss•x
LNfi MuBic Now SW
Maglc Carpel Exelyr
IAak¢ South lthsl
IAerry-gO￿urd Toy Lof4ry
4liwa19r ISENI Wool
Nurtur• in Natu￿ ChldtEn* & Famll
Oaas DomB*knhtA￿e Semce
Orythe Hill CIC
2,000 Ottery St Mary PTFA
1.BQO Pete'g Dragons
5.DOO
Plton c￿￿MUn￿ Colle
1,D
SAFE Foundauon
2.0
shaId￿ ￿rIsh CourKI
Sh8ll¢%rford Trust
Slr Frands Chic861grTrust
ronaTh6rawthc Hor￿MIn8￿P
1,(W ￿ster￿cOd
Sound Galkry
South Hamskna ￿*ll￿n9
2.OLKI South ￿StAU￿8￿
3,500
stand Agalnst ffiolenc•
2,2rKI
T¥ka Chihy CentEe
2.0
Than8lCornmunty De¥elopmeTft
Than•t DIsa￿£d Fèthng
4,Q(N) Thny Tva¥*l8Anb".RasciEm
Topsham StJarnES Cnck8t Club
TralI￿aZen Ethcalon CIC
S,C(¢) uifwfv Primary School PTFA
I￿￿ttery Hayin9 Fidds
Lwon Sl James Prfmary
rnborough Foun¢klion
Èsthill Pre s¢￿1
dz
vitodbury C ofE Pnm8ry
vwodlanders Pre-Sth)ol
1,LVt YIKASouth Cyvon
Youry Cbvon
1,(KJO YourvJ LivÈ8v C8ThXT
Zone Youlh Glwb
21 Togethar
1st HonilDn St¥yJt Group
2,0
1,OOD
1,44L)
1.500
2.0fy)
2,0(Ml
1.0(rfJ
2,Q(P)
2,475
1.srKJ
3.000
I,0(M)
1.5rM)
3.000
1,$00
958
750
2,000
1.500
2,1X)O
2.000
1,Q)D
2.￿0
1.OOQ
TOtsI
134,e03
Page 19

The Gibbons Family Trust
GrnntAp￿ndiX 2- Oryanisatlon grnnts over£2,000
Yè#r endad 31 March 2024
Amber Fourthtion
Communty Etriving School
Communty Safety EdLKation
Fordands Fields
Kingsbridge Skatepark
Oasis Oom88ti¢Abus8 Service
stand Against Violenc•
Thanat Communty Oev8lcyment
Thanet Disabled Ridlng
Upton St Jwnes Primary
Woc¥Jbury C of E Primw
y￿n9 ￿V•S v Can
21 Tog•th
5,000
3,500
2,200
5,000
5,000
5,000
2,47S
3,000
3,480
3,000
3,500
4,000
3,CilO
Tolal
48,155
Pagè 20