Charity registration number.. 290884
The Gibbons Family Trust
Annual Report and Finanoal Statements
for the Year Ended 31 March 2025
WESTCOTTS
CMANTÈftÈO ACCOUNTANT
• HUSIMESS AOVI$ERS

The Glbbons Family Trust
Contents
ReferenrA and Admlnlstratlve Deta118
TNsteeg Report
2to6
Independent Examinerfs Rep)rt
Statement of Finanoal AcUvtli8S
Balance Sheet
Notes to the Financial Statements
101018

The Gibbons Family Trust
Reference and Administrativo Delalls
Chalr
Dr John Frankish
Trustees
Dr John Fr8nkish
Professor Chris King CBE DL
Mrs Elizabeth Lee
Dr Clive Stubblngs, (WIC￿haIr)
Mr Simon Bamett
Charity Reglstratlon Number
2￿84
Prlnclpal Office
24 Phllip Avenue
Bam51aple
Devon
EX313AQ
Independont Examln•r
Cath&rine Williams FCA DChA
Westcotts {SWJ LLP
47 Boutport Stre8t
Bamstsple
Devon
EX31 1 SQ
Page 1

The Gibbons Family Trust
Trustees. Report
The Trustees present the annual report together with the financial statements of the Charity for the
year ended 31 March 2025.
Objectlves and actlvltles
Grants are awarded by the Trustees, in their disGretN)n, for such charitable purposes concerned with
the welfare of children and young people (up the age of 251 in Devon and the Isle of Than8t in Kent. In
the case of Devon there is weference shown for children and young people from East Devon.
This Charity substantially b8n&fitted from the Wills of David Ernest Gibbons and Vera May Gibbons,
who died in 2(X)8 and 2009 resp8clively. These Wills laid out strict criteria for how this Charty
operates. The Trustees are aware of the criteria and consider these at all limes.
The Trustee8 continue to have regard to the guidance issued by the Charity Commlssion on public
benefit.
The Trust68s have evofv8d the grant making C￿le￿a in line wth the deeds of the Trust to favour
smaller local charib'es and not larger 'nalional' charities big reseNes and hHJh wage bills.
Statistics regarding the success of applications and grants made are now readily avallable on the
Trust website.
Structurei govomance and managem9nt
The Charity has been fully compliant all re18vanl Charity Commisslon Guidance on Governance.
The Trustees continue to be exlrem8ly gratefvl to their Trust Manager, Cathy Houghton for hgr
thorough and excellent management of overy aspecÈ of th& Charitys affairs.
Since th8 coronavirus reslriclions of 2020 Trustee meètings have been conducted 'on-line'. This
removed the need for the Charity to find new office space Ifollowlng closure of the previous space in
June 20211. These meettngs are convenienl, efficient, accurate, economic and effective. However, the
Trustees have resumed meeting in person when an advantage ¢x ben8fit is agreed. The trust does
not rent or current Offi￿ space wth our manager operating from home.
Trustae meelings hav8 been increased to better manage the dse in appllcalions (increased by 50Vo In
2 years) and to improve response limos and efficiency. The Trustees now meet 6 times a year,
January, March. May, Septernber and November, The Trustees have designated January as
Govemance and May as an AGM, meeting in person at a hlred venue. The September meeting is
scheduled lo meel in person al a hlred venue. The other 3 meetings are designated grant meelirus
with limited business activity and conducted on-line. The Trusle&s continue lo reflect oll the
effectivenoss of the meetings and schedule 8nd will adapt as required.
Outside of meetings contact between the Trustees and the Trust Manager rAJntinue8 via email at least
weekly. Truslees and manager are aware ol unavailability and holiday via ernail and using the
Timetr99 app.
Some grants. ￿nsidered a8 urgent. are now assessed and awarded swrfily, outside of the scheduled
ffleelings using email. with the agreement of the Twstees. This is important as it facililales grant
making in eX￿ptIonal or urgent situations. This requlres a minimum of 3 out of 5 Trustefys lo agr￿ on
making a grant.
The frustegs are not r8munerated but can dalm reasonable travel expenses lo attend a Tnjstees,
meeting or in the course of his or dU￿e5. In this year only £55 has been pald to one Trust8e for
this reason.
Pagè 2

The Gibbons Family Trust
Trustees, Report (continued)
The TnJslees are pleased lo report that no changes in management of the tharity have tsken place
during the reporting year. Trustees are generally appointed for 3 year5 with any re-appointments
tsking Pla￿ in May IAGMI, regardless of month of appoinlmenl. Consideration to Chartiy Commission
guidance that appointments are generally a maximum of 9 years is accepted with ox¢eplion to family
members. It is noted that this is guidance and might be var￿d if drcumstan¢8s dictste.
The Trustees explored the possibility of an arnalgamalion of both Trusts to a single Charity. This
Charity could lake the fomi of a CIO. This would simpltfy the slrucluTe and reduce management time
and cosl. Money was Spent on legal advice, and consultalions with the Chariti&s Commission. The
Charities Act 2022 was designed to make It easier for charvJes requirod by the Trustees to take place.
Delays to full implemenlalion forced the Trustees to wait until such time as these changes are fully
implèmented beforg taking further action and incurring mor8 cost. No progress has been made wllh
Ihis during the report period.
The Trustees undertook a review and ratification of Ihe ft)Ilowing policies at the January meeting
2025.. Reserves and Investment, Safoguarding, Office Manual. the Trusts, Risk Assessment,
Govemance code and register of Trustee inlerests.
Achlgvoments and pgrformanco
The Charity grant policy follows the spirit of the criteria stipulated in the Trust Deed. The Trustees
continue to favour smaller local charities rather than larger nation81 charities.
The Trustees remain ￿9￿lant in thgir approach to gr8nl-making, researching charities on the Charity
Commission website, Companiès House, or other statutory body websites= verffwng all organisalions
online.. having sight of accounts for all organisalions, ideally within 6 months of their year*nd. From
November 2024 the Trustees agreed that applications for f8milies and individuals would only be
acGepted via an independent, not for profit, third paty. who would act 8s their referee and be
responsible for grant payments.
Policies surrounding the payment of grants have remained rigorous to minimise the risk of fraud-
payThent is by BACS only after having a copy of bank Identification.
The Trust's system requires feedbad( lo ensure grants are utilised in line with the application and
within 6 months of receiving a grant. On occasion situations may change. 8nd requests are made to
the Trustees for a delay or diff8renl use of a grant. The Trustees alwayE ￿nSider any such request
diligently before accepting it.
The Trustees continue to welcome successful applicants sending feedba¢k via thankyou's. reports,
photos, and invitations, following receipts of gmnts.
The TnJst8es have continued to distribute in grants the maximum income avallable. They have utilised
the previously withdrawn capital. designated for grant spending. when income was not sufficient.
Further capital wilhdrawal was agreed at the March 2024 and November 2024 meeting to release
£50,000 each time. This money was wfthdrawn from CCLA Ethical Fund. The second withdrawal
made at a time of 'market' high made this a very effective financial transactlon with mon9y available
from December 2024.
This continues to add significantly to the grant spending with previous withdrawals 12022 and 2024)
being spent.
Page 3

The Gibbons Family Trust
Trustees, Report (contlnued)
The Charity received 106 appllcations during this fSnancial year. the hlghest number ever receiveil,
and a 46/0 increase on 2 years ago. £148,842 (£141,253 in 2024. £102,265 in 2023, £94,897 in
20221 was awarded by way of 95 grants {82 last yearl.The average grant sbze being £1.567 (£1.723 in
2024. £1.420 in 2Q23. 2022 in £1,556).
Of this totsl, £23,069 remainèd in East Devon 1£21.250 last year) In keeping with the preference for
this area stated in the Deed of the Charity. A Further £36,360 was grant￿j to organisalions working
with young people in the Isle of Thanet In Kent1£31.480.' 20241.,
£13,080 was glv8n to individuals through 17 grants (£2,479 with 3 grants to individuals in Thanel).
A full list of the grants made to organisations is avallable as an appendix to these accounts.
11 is immense pride we can report thai since 2010, £1.531,167 h85 been gifted in 1,030 grants.
During that tlme average grant size to individuals was £568, and to organisations £1.737. These
average size grants fluctuate from year to ygar bul show an increase wsth time.
The Charity continues lo shar8 all resources, websile, and database, with The David GibbDns
Foundation. The running costs of The Gibbons Trusts have been paid from the capital withdrawals
from the David Gibbon8 Foundation. The decision by the Trustees was taken due to larger
investments and greater income in DGF to support grant making in the GFT. A monthly standing order
exis15 to facilitate this with a balancing transfer al the end of each financial year lo complete payment.
The Trusloes are pleased that the onllne grants database delivers an effio6nt and paper￿sS system
for Trustees in their preparation for rnee￿ngs.
Flnanclal revlew
Almost 811 the Chari￿$ funds remain invested with the CCLA and the Truste8s conlinug to monitor the
portfolio on a regular basls. The Charity reports an investment income durfng the year of £93,057
1£92.606- 2024, £92,651.. 2023} from CCLA, plus CAF bank inleresl of £1,1821£795= 2024} available
for grants. This Charity recewed £28,315 from the David Gibbons Foundation for office costs incurr￿￿
in 2024 and 2025.
On 31st March 2025 funds were CCLA Ethical were £1,549.620 1£1.717,433.' 2024. £1,563.792:
20231 and CCLA Property £841,870 {£830,161: 2024, £875.314. 20231.
This Charity also continuos to hold an investm8nl in Hydro Hotol Easlbourne plc. inherited from the
Estate of MSSS Vera Glbbofts. Dividends of £5351£749- 2024) We￿ received from this investment.
The Balance Sheet has fluctuated in value due to financial IuTbulence in global invostmenls. The
Trustees noted the value of the Balance Sheel al 31st March 2025 was £2,489,100 1£2,591.751.'
2024, £2,$43.388'. 20231
As always. the Charlly trles to kevp ¢JrriLg costs paid from Unrestricted Funds as Small as posslblg.
maximising Income avallable for grarts continues to be the financial priority.
Support (*Jsts, after the monthly 'cost recharge. to DGF. amounted lo £17.9051£13,817 in 20241. Thls
represents just 18￿￿ of income. reflecting the efficienw of management and office policy.
However, as noted abDve. the Charily received £28.315 from the DGF to cover 2 years of the
remainder of office &)sts Ih8t were not reimbursed to the DGF on a monthty basis. This means that
100% of income has been used in grants for both 2024 and 2025.
Pagg 4

The Gibbons Family Trust
Trustees, Report (continued)
Rpserve$ and Investment pollcy
The reserves of The Gibbons Family Trust are made up of an Unrestricted and Expendable
Endowment Fund. The Trustees are satisfied that the current balance of investment is as good and as
safe as the current financial situation can provide. The reserves of the Endowment Funds remain
invesled with CCLA Investment Management Ltd. The Trustees will continue to monitor dosely all
dividends received and capitsl values as well as the balan￿ be￿een the funds. The Trustees also
watch the fluctuation in the fund valu6s, for future potential opportunity to further withdmw funds.
when requlred to boost the Unrestricted Fund.
In the Unrestricted Fund the Trustees operate a 'zero level p)licl, aiming to spend each year all the
income available to them from Investments (after allowing for minimal Offi￿ expenses). However, a
capital cash balance of £54.850 is included in the year end Mrilh unspent Unrestricted Reserve5.
£50.000 was drawn down in both April and December 2024 anticipating increased future grant
spending. In combination with the retharge from The David Gibbons Foundation of £28.315 for office
costs in the prior year, this has given the Trustees much greater flexibility wth grant making and is
sho¥Nn by the excess of expenditure1£166,747) over income1£123.089). This allowed £51.852 more
than income lo be spent on grants with unspent reserves (£79,420) available for future grants.
Statgment of Trustees. Responsibllltles
The Trustees are responslble for preparing the Trustees, report and the financial statements in
accordance with the United Kingdom AGcounling Standards (United Kingdom Generally Accepted
Accounting Practicel and applicable law and regulations.
The law applicable to charitses requires the Trustees lo prepare financial statements for each finanaal
year which give a true and fair view of the stale of affairs of the Charity and of the incomirbg resources
and application of res￿j￿ceS of the Charity for that period. In preparing these financial slatemenls, the
Tnjslees are required to..
select suitable accounting polides and then apply them consi5tsnlly;
observe the methods and principles In Ihe Chari118s SORP-,
make judgements and estimates that are reasonable and prudent.,
slate whether appllcable accounting stsndard¥ have been followed. subjeGt to any material
departures disclosed ?nd explained in the financial slalements.. and
prepare the financial slalements on the going concern basis unles5 il is inappropriate to presume
that the Charlty will continue in business.
The Tnjstees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any lime the financial position of the Charity and enable them to ensure that the financial
ststements CDmply with th8 Charities Act 2011. the Charib'es (Accounts and Reports) Regulations
2008, and the provisions of the constitution. The Trustees are also responsible for safeguarding the
assets of the Charity and hence for taking reasonable steps for the pr8venlion and detection of fraud
and other irregularities.
The Trustees arg responsible for the maintenance and integrity of the corporatè and financial
inform8tion induded on the charitable companls website. Legislation governing the preparation and
dlsseminalion of financial statements may differ from legislatlon in other jurisdlctions.
Page 5

The Gibbons Family Trust
Trustees. Report (continuod)
The annual rgFQrt was approved by the Tnjstees of the Charlty on .......
b8half b￿.
Signed on Its
DrJo
Frankish
and Trustee
Page 6

The Gibbons Family Trust
Independent Examiner's Report to the trustees of The Glbbons Family Trust
I report to Ihe Trustees on my exawninalion of th8 accounts of The Gibbons Family Trust the year
ended 31 March 2025.
Responsibilities and basls of report
As the Charity Trustees of The Gibbons Family Trust you are responsible for the preparation of the
accounts in accordance w((h the requirements of the Charities Act 2011 Ilhe Act,).
I report in respect of my examination of the The Gibbons Family TTusVs 8ccounts rarried out under
section 145 of the 2011 Act and In cary'ng out my exarninalion I have followed all the applicable
Directions given by the Charity Cornmission und@r section 145151{bl of the Act.
Independent examlnerfs statement
I have ¢ompleled my examination. I confimi that no material matters have come lo my altention in
connedion with the examination giving me cause lo believe that in any maleTial Tesp8Ct'.
1. accounting records were not kepl in respect of The Gibbons Family Trust a8 requlred by seGlion
130 of the Act. or
2. the accounts do not accord with those records- or
3. the accounts do not comply wtih the accounting requirements C(￿cerning the fom and content of
accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any
requiremenl that the accounts give a 'lrue and fair view, which is not a matter considered as part
of an independent examination.
I have no concems and have com& across no other matters in connectlon wrth the examination to
which attention should be drawn in thls report In order to enable a proper understandlng of thg
accounts to be reached.
Calherlne Williams FGA DChA
Independellt Examiner
Westcotts {SWI LLP
47 Boutport Street
Barnstaple
Devon
EX31 1SQ
Dale:.30
Page 7

The Gibbons Famlly Trust
Statement of Financial Actlvities for th8 Year Ended 31 March 2025
Unrostrlctsd Endowment
funds
funds
Total
2025
Total
2024
Note
Income and Endowments from".
Investment income
Other income
94,714
28,315
94,774
28,315
94,196
Total income
123,Q89
123,089
94,196
Expenditure on:
Charitable activities
1166,7471
166,747
(155.0701
Total expenditure
Gainsl(Ioss8s} on
investments
{166,7471
1166.7471
1155,070)
58,993)
58,993
109,237
Nel lexp8ndilureyincome
Gross transfers be￿en
funds
{43,6581
{58,9931
1102,6511
48,363
100,000
1100,0001
Nel movement in funds
ReconGillatlon of funds
Total funds brought forward
Totsl funds carried forward 18
56,342
{158.9931
1102.651)
48,363
23,078
79,420
2.568.673
2.591,751
2,543,388
2,591,751
2,409,680
2,489,100
All of the Charity's activrties derive from continulng operallons during Ihg above Iwo periods.
The funds breakdown for 2024 is sh¢)wn in note 18.
The notes on pages 10 to 18 fom7 an integral part of the39 financial statements.
Page 8

Thg Gibbons Family Trust
(Registration number: 290884)
Balance Sheet as at 31 March 2025
2025
2024
Note
Flxod as$gts
Tangibl8 assets
Investments
13
14
1,265
2,409.680
2,410.945
1,064
2,568,673
2,569.737
Curr&nt as80ts
Debtors
Cash at bank and in hand
15
16
1,620
82,467
5,016
38.497
84,087
43.513
Crodltors: Amounts falling due within one year
17
15,9321
21,4991
Net current assats
78,155
22,014
Net assets
2,489,11Y)
2,591,751
Funds of tho Charity:
Endowment funds
2.409.680
2,568.673
Unrestricted Incomfr funds
Unreslricled funds
79,420
23,078
y￿al funds
18
2,489,100
2,591,751
The fina
on ..%l
cial stst8ments on pages 8 to 18 were approved by the Trust8&s, and authorised for issu8
signed on their behalf by=
Dr
n Frank
Chair and Trus
DT Clivg Stubbings
Vice-chair and Trustee
The notes on pages 10 to 18 form an Integral part of these financial ststements.
Page 9

The Gibbons Family Trust
Notes to the Financlal Ststements for the Year Ended 31 March 2025
1 Accountlng pollcies
Statemgnt of compllanGQ
The financial slalements have been prepared in accordance with the second editton of the Charities
Stslemenl of Recommended Practice Issued in October 2019, the Financial ReporUng Standard
applicable in the Unitsd Klngdom and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Basis of preparatlon
The Gibbons Family Trust meets the definition of a publ￿ benefit entlty under FRS 102. The accounts
(financial 8talemenlsl have been prepared under the historical cost convention with items recognised
at cost or transaction value unless otherwise stated in the relevant nolelsl to these accounts.
Going concern
The Trustees consider that there are no material uncertalnties al)out the Choritys ability to (a)ntinue
as a going concern.
Income and endowments
Inveslm•nt Income
Dividends are recognised On￿ the dividend has been dedared and notificolion has been receNed of
the dividend due.
Expenditure
All expenditure is recognlsed once there is a legal or constructive obligation to that expenditure. il is
probable setuemenl is rgquired and the amount can be measured reliably. Al costs are allocated to
the applicable expenditure heading that aggregate slmilar costs to that category. Where costs Cannot
be direGUy attributed lo particular headings they have be&n allocated on a basis consislenl with the
use of resources, with central staff costs allocated on the basis of lime spent, and depreclalion
harges allocated on the portion of the asset's use. Olhor 8UPPOrt costs are allocated basgd on the
spread of staff costs.
Charltable actlvitios
Charitable expendlture comprises those costs incu￿ed by the Charlty in the delivery of its activities
and servicgs for Its bgneficlaries. It Indudes both costs that can be allcKaled dlreclly to such activities
and those costs of an indirect nature necessary lo support them.
Grantprovlsions
Provislons for grants are made when tha intention to mak8 a grant has been communicated to tho
rgcipienl bul there is uncertainty about either the timing of the grant or the amount of grant payable.
Support wsts
Support costs Includo central function5 and have been allocated to activity cost categories on a ba$is
consistent with the use of resources, for gxample, allc¢atlng propety costs by floor areas, or per
caplta, staff cos18 by the tlme spent and other costs by Ihelr usage.
P8g& 10

The Gibbons Family Trust
Notes to the Flnanclal Statements for tho Yoar Ended 31 March 2025
(Gontinued)
Tangible flxed assets
Individual fixed assets costing £100 or more are inltially recorded at cost, less any subsequent
accumulated depreaation and subsequent accumulaled impairment losses.
Depreclallon and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated r8sidual value. over their expected useful economic lrfe as follows:
Asset class
Fixture, fittings and equlpmgnl
Computer equipment
Dgpreciation mgthod and rate
15% reducing balance
33Vo reducing balance
Fixed assgt Investments
Fixed asset investments. other than programme related Snveslm8nts, are Included at market value at
the balance sheet dale. Realised gains and losses on investments are calculated as the difference
between sales proceeds and Ihelr market value at the start of the year, or Ih8ir subsequent cosl. and
are charged or credited to the Ststement of Financial Activities in the period of disposal.
Unrealised gains and kjsses represent the movement in market values during Ihe year and are
credited or Charged lo the Slalement of Finanaal Activltles based on the mafket value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and (311 dgposits, and other short-tem) h￿hlY
liquid investments that are readily convertible lo a known arnount of cash and are subject to a
insignificanl rlsk of thange in v81ue.
Fund structure
Unrestricted income funds are general funds that are avallable for use at the Trustees dlscretion in
furtherance Df the objeclives of the Charity.
Financial Instruments
Classlflcation
Financial assets and flnancial liabilibes are recognised when the Charity bgcomes a party to the
contractual provisic￿S of the instrument.
Financial liabilities and equity instruments arg clas5rfied according to the substance of the contraclual
8rrangemetbts entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the Charity after deducting all of ils liabilities.
Page11

The Gibbons Family Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2025
(continued)
Re¢ognitlon and measuremont
All finanual ass@ts and liabilities are initially measured at transaction price (including transaction
costs), except for those finanaal assets dassified as al fair value through profil or loss. which are
initially measured al falr value Iwhich is normally the transaction price exduding transaction wslsl,
unless the arrangemenl conslSlutes a ftnancing Iransaclion. If an arrangement ￿nstItuteS a financing
transaction. the financial asset or financial liability is measured al the pfft5ent value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabililtes are only offset in the slelement of financial position when, and only
when there exists a ￿gallY enforceable right lo sel off the recognised amounts and the Charity intends
either to settle on a net basis, or to realise the asset and settle the liability simultsneously.
Financial assets are derecognised when and only when a} the contractual rights to the cash flows
from the financial a5sel expire or a￿ settled. bl the Charity transfers lo another party subslanlially all
of the risks and rewards of ownership of the financial asset, or cl the Charity, despite having relalngd
some, but not all, significant risks and rewards of owngrship. has transferred control of the asset lo
another paty.
Finandal liabilities are derec￿nIyed only when tha obligatlon speclfied in the contrad is dlscharged.
cancelled or expires.
2 Invastment in¢om•
Unreslrlct
funds
Total
2025
Bank interest receivable
Investment incorne
1,182
93,592
1,182
93,592
94.774
94,774
Unrostrlctod
funds
Totsl
2024
Bank interest receivBble
Inv8stmenl income
795
93.401
795
93.401
94,196
94,196
3 Other Income
Unrnstrictsd
funds
Total
2025
Totsl
2024
Reimbursement from The David Gibb(Ms
Foundation
28.315
28,315
This amount was repaid In lieu of 2 years of the office cos18 that were not reimbursed by the Davvj
Gibbons FoundatK)n during the course of the financial year, on a monthly basis.
Page 12

The Gibbons Family Trust
Notes to the Flnanclal Statements for the Year Ended 31 March 2025
(continued)
4 Expgndituro gn charitable activltle$
Unrestrlctgd
funds
Total
2025
Note
Grants paya1￿8
Support costs
148.842
17,905
148,842
17.905
166,747
166.747
Unrestricted
funds
Total
2024
Note
Grants paydble
Support Costs
141,253
13,817
141,253
13,817
155,070
155,070
S Analysis of support costs
Grant funding
support cost$
Total
2025
Total
2024
(Profityloss on disposal of
tsngible fixed assets
Bank charges
Depreciation of computer
equipment
Wages and salaries
staff pensions
Trustees expenses
Insuranca
Telephone
Office exp&ns8S
Computer costs
Sundry expenses
Intercharity recharge
Independent examinerfs fee
226
60
226
60
60
387
22.907
499
55
609
252
470
3,163
119
113,2581
2.436
367
22,907
499
55
609
252
470
3,163
119
113,2581
2,436
531
17,151
329
53
850
234
78
2.468
{10,2591
2,322
17.905
17,905
13,817
Pag8 13

The Glbbons Family Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
JI support costs lolalling £17,905 were p&icl from unrestriGtsd funds12024.' £13.8171.
The Inlercharity recharge is an amount recelved regularly from The David Gibbons Foundation, wllh
whom the Gibbons Family Trust shares resources and services of the Trust Manager, employ8e by
the Gibbon5 Family Trust. All admlnislralion and g0veMan￿ costs, other than thos& sptscfflcally
attributable to each charity are shared equaltv, pald initially by the Gibbons Family Trust and
reimbursed by the Davld Gibbons Foundation.
The Gibbons Family Trust has capital funds invested with CCLA Investment Management Ltd. CCLA
income is received nel of investment fees.
6 Anatysis of grants
2025
2024
Grants to oryanisations
Grants to organisatlons and charitios in Devon
Grants to organisations and charities in The Isle of ThaneL Kent
99,402
36,360
103,123
31,480
135,762
134,603
2025
2024
Grants to Indlvlduals
Grants to SndNiduals
13.080
A full Ilst of grants made is Includgd in the appendLx.
7 N•t Incomlngloutgolng resourcos
2025
2024
Depreciation of fixed as$e15
367
531
8 Net (losso5)Igalns on Investments
2025
2024
Galnslllossesl on investments
58,9931
109.237
9 Trustges remungratlon and expenses
No Trustees. nor any persons connect9d with them. have received any r8muneration from thg Charity
during the year.
The Charity has incurred trustee expenses totalling £5512024: £53).
Page 14

The Gibbons Family Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2025
(Continued)
10 Staff costs
The aggregate payToII Ix>sts were as follows:
2025
2024
staff costs durlng tho ygar were:
Wages and salaries
Pension costs
22,907
499
17,151
329
23.406
17.480
The average head count of employees durlng the year was 1 (2024: 11
No employee rèceived emoluments of more Ihan £60,000 during the year
11 Independent examinevs remuneration
2025
1024
Independent examination fees
2,436
2,322
12 Legacles
Under the terms of the Will of the late Mr D Gibbons thos Charity is a w)tential benefiryary of a
Discretionary Trust Fund with capital value at 31 March 2025 of £28,53512024-. £31,880). The other
potential beneficiaries are the David Gibbons Foundation 8nd Mr Kevln Banfield, a form9r omployee
of Mr Gibbons.
Page 15

The Gibbons Famlly Trust
Notes to the Financial Statsments for the Year Ended 31 March 2025
(continued)
13 Tanglblo fixed assets
Fixture &
Fltting$
Computer
equlpment
Total
Cost
Al 1 April 2024
Additions
Disposa15
At 31 March 2025
164
4,696
4.860
19731
4.517
19731
164
4,681
Depreciatlon
At 1 April 2024
Charge for the year
Eliminated on disposa18
At 31 March 2025
164
3,632
367
1747
3.796
367
1747
164
3,252
3,416
Net book valutr
At 31 March 2025
1,265
1,265
Al 31 March 2024
1,064
1.064
14 InveBtsngnts
CCLA
Property
Other
Fund Sharoholding
CCLA Ethlcal
Fund
Total
Cost or Valuatlon
At 1 April 2024
Fair value movgmenls
Disposals
At 31 March 2025
1.717.433
167,813)
{100.000
830,161
11.709
21,079
12.889)
2,568.673
(58.9931
1¢￿,000
1.549,620
841.870
18.190
2.409.680
Net book value
At 31 March 2025
1.549,620
841.870
18.190
2.409.680
All investments shown 8re held at valuation.
Page 16

The Gibl￿n$ Family Trust
Notes to the Flnanclal Ststements for the Year Ended 31 March 2025
(continued}
15 Debtors
2025
2024
Prepayinents
Other debtors
1.620
1,560
3,456
1.620
5.016
16 Cash and cash equlvalents
2025
2024
Cash at bank
82,467
38,497
17 Credltors: amounts lalllng due wlthln one year
2025
2024
Other taxation and social security
Other creditors
Accrua15
2,996
500
2,436
1.677
17,500
2,322
5,932
21,499
18 Funds
Balance
Balance
at31
March
2025
Other
April Incoming Resources
recognised
2024 resources gxponded Tran$f¢rs gainsl1105ses1
Unr&strlcted funds
General Funds
23.078
123,089
1166.7471 100,000
79,420
Endowment funds
Expendab18
Endowment Funds 2,568,673
{100,000
{100,000
58.993
2.409,680
2,568.673
58.9931 2,409,680
58,9931 2,489.100
Total funds
2,591.751
123,089
166,747
Page 17

The Glbbons Famlly Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
(continuod)
Balance at
1 Aprll
2023
Oth•r
Resources
recognised
8xpended galnslllo8ses)
Balance at
31 March
2024
Incoming
resources
Unr8strlcted funds
General Funds
83,952
94,196
(155,070)
23.078
Endowmont funds
Expendable
Endowment Funds
2.459,436
2.459,436
2.543,388
109.237
2,568,673
109,237
2.568,673
2,591.751
Total funds
155.070
109,237
19 Analysis of not assets between funds
Unre5trlGtod
funds
General
Endowment
funds
Expèndable
Total fund$
at 31 March
2025
Tangible fixed assets
Fixe(J asset investments
Current assets
Curr8nt liabilities
1.265
1,265
2,409.680
84,087
5,932
2,409.680
84,087
15,9321
79.420
Total nat assets
2.409.680
2,489.100
Unrestrlcted
funds
General
Endowment
funds
Expendable
Total funds
at 31 March
2024
Tangibl& fixed assets
Fixed asset investments
Current assets
Current liabilities
1,064
2.568.673
43,513
21.499
2,568.673
43.513
21,499
Total net ass8t8
23.078
2.568,673
2.591,751
20 Relatsd party transactlons
There were no relalod party transaction8 in the year.
Pag8 18

The Gibbons Family Trust
Appendix l.Grantsto owg•nl¥otlonsiisted alphab￿l¢allY
IstBr8dninchScouts
21 Together
5th NorthDevonScoLrtGmup
Action Easi Devon
AiISaiMsAcademy
Amber Foundation
1.620
Mamato Mama
2.000
maryT&￿vICtorymernOrlal Recreatton GrDundTrust
i.O(H)
MayfieldSpeci8lSchool,Torbay
4.000 Oasis Domestlc Abuse SeNce
818 OnThe HIUCIC
3.000
Paddle Media
2,500
PIÈ Factorymuslc
I.SC￿j
PblstowHIUPrlmarySthool
1.5C4)
P￿stIC Free NorthDe¥on
2,OC¥) RÈadloiGood
1.000 Sir Francls ChlthÈ$terTrust
1.000 Sirona TherapeLrtic Hor8emanshlP
2.000 Skate MoitonCIC
1.500 SDundGaileryCIC
2.000 SouthDartrnoorCommunityCoiiege
I.QOO SoLrthHamsAieaWeUbeinglSHAWI
1.000 SoLrthwaYPla￿are
3.000 StNSCho￿5Atwade Prlmary PTFA
5.000 StandAuah$tVioience-
2.000 ThanetCommuntyDeveiopmeMTrust
1.000
ThanetFood Llnk
1.200 The Burtonat Bldeford
1.000 The Communwwaffle HouseCIC
2.000
The HfveThanetCIC
959 The Hollow Laneclub
2,000 The LI￿n8P¥Snt1￿￿S1rU$f
I,ODO TheWlndProlect
1,000 Theyoung Lb¥es Founthtlon
1,480 TheatreAI
2.000 Torsupportsèl￿ces
1.680 Toines AuralArea YtyJthE￿OleMentfr￿1YEI
2.000
Trall81azer$Educatlon
2.000 TwlnTl8ersCommunityPartner$hip(JC
1.826 Weilmoor Imoretonhampsiead DevelDpmentTrustl
Woothanders Pfeschool
YMCA ExeteTCoMmU￿tyPrOJeCts
1.000
Your*LwesVsCaY￿er
2.000 YouthArts HealthTvu
1.750 YtyJthMentslHealth Foundatlon
4.000
1.000
2.000
5.000
1.500
1.000
2,500
2.000
1.500
1.500
1,5Tr)
i.o(y)
3,000
1.000
1.500
2.000
1.500
2.000
1.500
3.000
2.000
1.500
819
2,¢JOO
2,500
i.ooo
1.000
1,000
1.000
3.000
BirchlngronAct￿e Leists￿ Foium
BoVeyTr4ceyYouthA¢iionl8oNwTratwY￿th Café
Chlid8rainlnluryTwsi
DartsfOUthAFCSwifts
Demei7a tltsspice Careforchlidr
Drake's C of E PrimarySchoolPTFA
EastKentEdUca￿0￿8US1neS$PaftnerShspLtd
£steemTeamCIC
ExBud Exploierscouts
Exeter Phoenlx
Exe*r Road cotnmunltyPrimaryScl￿L
Exmouth Communtycoliege
FotonowCIC
Frlends ofwillowbank
GoBeyond
HandlcappedChlidrÈnsActlonGroup
Happ+ne55 Outdoors Prolect
Happy Days Children's Charity
HrfhVlewPrimarySchotrl
Hooe PrfmaryAtademy
Improving Llves p￿O￿th
InclUs￿e Sport KentCIC
KentEnierylseTrust
KentRelugeeAction Nemork
Kln8sbrldge SkateparkCcmmurityGroup
Libraiies Unlimited
Lwe ChanceTrust
LWeEducaUonWessex
LhR ￿￿S[C Now
Lofigcause Communtyspeclalkhool
Made-WeliCommuntylntsre8tComparw
MaidstoneAmateurOp8ratl¢ Soclety
1.?50
2.000
500
2.000
1,000
I,oth)
1.950
Total
Page 19

The Glbbons Famlly Trust
GrantsAppendlx 2- Or8aftlsatlon 8rants over£2,000
E¥mouth Communttycollege
Oasls DomeS￿C Abuse Se￿c¥
Actlon East Devon
Mama to Mam
Amber FthTndatlon
Exeter Road COMMU￿typI1maryscIM)oI
Skate MoLtonCIC
ThanetCommuThtyDevelopmentTw5t
TorSupportSeNkes
blblc
Pie Fa¢toryMusic
The Hoitow Lane Club
5.000
4,1)00
4.000
3.IXJO
3.000
3.000
3.000
2.500
2.500
Total
Pagg 20