Ch8rf(y registration number: 290884
The Gibbons Family Trust
Annual Report and Financial Statements
for the Year Ended 31 March 2026
WESTCOTTS
CHARTERED ACCOUNTANYS
I BUSINÉSS ADVISSPS

The Gibbons Family Trusl
Contents
Reference and Administrative Detsi15
Trustees. Rep)rt
2to8
Indppandent Examinerfs Report
Statement of Flnancial Activrti8S
10
Balance Sheet
11
Notes to the Financial Statements
12to20

The Gibbons Family Trust
Referenc• and Administrative Details
Chair
Dr John Frankish
Tnjstees:
Dr John Frankish
Professor Chris King CBE DL
Mrs Elizabeth Lee (resigned 16 September 20251
Dr Clive Stubbings, (Vice-chairl
Mr Simon Bamett
Ms Julie Moulsdale lappointed 29 July 2025)
Ms Debbie N8wson (appointed 16 September 20251
Mr Michael Warriner (appointed 24 March 20261
Charity R•gSstration Number
2￿)884
PrinGipal Offlce
24 Philip Avenue
Bamstaple
Devon
EX31 3AQ
Independent Examiner
Catherine Vvilliams FCA DChA
Wesl(x)tts ISW) LLP
47 Boutport Street
Barnstaple
Devon
EX311SQ
Investmont management
CCLA Investment Management
One Angel Lane
Londong
EC4R 3AB
Page 1

The Gibbons Family Trust
Trustees. Report
The Trustees present the annual report Icgether with the finandal stal&menls of the Charity for the
year ended 31 March 2026.
This report has been produced in acceptanc& of the required changes under the Charities SORP
2026 Tier 1 reFM)rting regime for Charities with income below £500.000. tt is writt&n with reference to
the 2025 Charity Govemance Code.
Objectives and Actlvities
The Trust deed for The Gibbons Family Trust was signed on November 12th 1984 be￿een the
'SetllDrs'
David Ernest Gibbons and Vera May Gibbgns with a payTnenl of £2,000 entrusted lo the 3
Founding Trustees. This endowment was subslanlially increased with th8 legacy from the late Vera
Gibbons in 2010. after which the awards of grants began.
The Deed of Th8 Gibbons Family Trust (G￿) allows grants for the welfare of children and young
people up to the age of 25 in the County of Devon, and the Isle of Thanet in Kent. In the county of
Devon preference is shown to children and young persons from the East Devon are?.
The Trustees have the power lo use the funds lo cover a WKle variety of slluations, at their discretlon,
to provide sald grants.
The aclivlties only involve the Trustees in work needed for grant maklng, and no other voluntgers are
used.
Structure, Governance and Management
The GFT is the sister Charity to The David Gibbons Foundation, (DGF) registered charity 1134727.
These 2 Trusts have the same organisational structure and management, and the benefit of all
levanl administrational costs being shared equally. This allows GFT to optimise grant maknng. al the
moment the endowment of DGF is larger and therefore running costs are reimbursed from DGF.
However, in time this situation could change, and the Truslees will review the eosts and charges for
both Charities as needed.
The GFT delfvers its objects via its board of Trustees. Truste8s are enlitled to hold office for life.
However the Board lakes noti￿ of Charities Commission guidance of the normal 9 year period of
service with re-election every third year. These re-appointments lake place 8t the AGM as required
each May.
Due to the increase in demand over the last 3 years with more applicallons and meetings, the number
of Truslees hag been expanded lo the maximum allowed in the Deed. The board now consists of 7
Trustees. As per the deed, the Trustees elect a Chair lo preside over meetings.
Except for the Chalr (with a casting vote) of the m8eling, every Trustee has 1 vote on each issue.
So far to dale. new Trustees have been appointed through a process that starts with a personal
invitation or recommendation by another Trust88. An initial. infonnal meeting takes place, and if
approved. the poterrtial Trustee is invited as a observer lo the next board meeting. Subject to the
Tnjslees further approval they may then be invited to join the board, fomialised through the signing of
Deed of Appoinlmenl, and assume full voting rights.
The cuffenl Board skill mix indudes Gibbons, family membership, work in education. mediclna. and
legal professions. as well as general life experience and qu81itles.
Th8 Tnjstees are not remunerated but can claim reasonabl8 travel expenses in the course of their
dut18s. No other payments to Trustees for services or other costs have been made.
Page 2

The Gibbons Family Trust
Trustees, Report (continued)
The Trust contracts their Manager lo work from horne, which is efficient. effective and economic and
Works very well for the Charity- Regular contact between her and Trustees allows for some business
and occasional urgent grant making, be￿een scheduled meetings. Th8 Trustees continue to be
extremely grateful to their Trust manager. Cathy Houghton. for her complete, thorough and excellent
management of every aspect of the Char1t￿S affairs.
The Trust has been very active and now holds grant meetings every 8 w8eks and full advice is given
on th8 websila on who can apply. how to apply, where to apply and what to expect. Meetings vary
between on4ine and In-person events.
Achievements and Porformance
Since commencing grant making in 2010, the Trustees of GFT ar8 delighted lo announte they have
provided 1.131 grants to the value of £1,673,176, up to 31 March 2026.
Grants Awarded since 2010
£139.331. 8%
£1,533.845.
92%
GT8nts made lindfvidudsl
Grants Thade lorgani5atlffis
The positive impact of this lo residents of Devtsn and Thanet. over so many years, would be hard to
quantify now. However through the increasing vigilance using granl monitoring fomis, the Trustees
are aware of the importance of, and need for. their grants - both to charitable organisation with many
young benefi¢iories. and indivKlual families in desperale need of urgent day-to-day support for thelr
children.
Multiple tlmes recently the GFT has been lohj that this is the hardest of environments in which lo raise
funds. and sadly the Tnjslees are being infomied of former charitsble beneficiaries having to close
their doors now. This makes the Trusts. grant making more important than ever.
Page 3

The Gibbons Family Trust
Trusto08' Report (continued)
Grants Awavded
£iw
U35.762 E131,fA)3
É8QL
115
£&650.
tsnwdo1(hianiSabOM
GThntsznadElIrd¥th￿s>
.1025 I 1025 *2Q24
This year a further £142.009 (2025: £148,842) has been distrfbut8d. vla 10112025.. 95) grants.
The average grant to each of the 21 indlvldualslfamllies was £1,196. totalling £13,158 {2025-
£13,080). The average grant for the 80 charitable organisations was £1,611 totslling £128,851 (2025..
135,7621.
Year
2025126
2024125
2023124
APPLICATIONS
IdinbL?r received
AITiount <ipplied lor
¥, change on yr bffore
riverage grafjl avr,lied fnr
136
168M5
133
297,802
115
291.988
72%
2.539
1,974
2,239
GRANTS
Jmber awarded
Vdlur vl giaiits given
/J rhaiige on yr before
Average grant Eivcn
95
148,842
5%
1,567
82
141,253
38%
1,723
14Z,I
-s%
IJ06
Thanet received £32,387 (2025: £38.839) in grants this year, of which (mly 3 were awarded lo
individuals I families, the rest distributed lo charitable orggnisallons helping young people.
Devon resldents receiv8d £1UY,li2212U2b= L11U,UUJI, of whlth £23,85912025.- £23,069) went lo Ea
Devon by way of 16 grants (2025- 121.
Page 4

Tho Gibbons Family Trust
Trustees. Report Icontlnued)
GFT- Grants Awarded by Area
17%
23%
%ofBrantsto EOe¥
. % Ofg￿nts1O tknon &Th3Mt
J %of8rdn1510Thamt
.%ofqRnt5to'Re5tof C*vDn'
These grnnts represent excellent progress against the goals set by the Trustees in granting all of the
Income, and significantly more. Because of the lactiC81 drawdowns of capi181 via DGF, once again
grant expenditurg has exceeded income of £94,32312025.. £94,774).
The appendices allached to these accounts list all grants made lo charitable organi5alions, in the year
to 31 March 2026. The following gives more detail on the impact of the local community, from some of
these larger grants..
Mama lo Mama - £5,000 - the largest grant of the year from GFT to any beneficiary. and the
2nd grant to this baby bank in Thanel. which supports those in financial need either before or
after the birth. Mama to Mama provides essential pre-loved items as well as grants, workshops
and financial support - to improve the lives of babies and childr8n in the Thanet arg?. This
recent grant was for 78 ¢hlldren who were experienclng bedroom povety - and helped provide
cots I beds I bedding.
The impact of a child not sleeping well can be felt throughout the whole famlly.. such as on a
parent's ability to work, and has a direct consequence on the child's growth, d8velopmenl and
leaming both at home and in the community.
2. Open Door Exmouth - £4,000 was awarded lo Ihis Charity whose website headline is 'At the
Heart of our Community since 1995,. B@￿een GFT and DGF. this was their 14th grant., the
Tnjstees have long been supportive the wide range of essential services and practical
Interventions for Exmouth residents. This grant was specific to their 'Toast Youth Café, which
runs ￿lce a week after school. This provides a safe and fiiendly space for young people to
hang out, do homework. have snacks, and engage in activity sessions. The grant goes part way
to ensuring these services are free to the young people (who also have access to their
Community Fridge). Giving these young people a place to eat & drink, leam. communicate
make friends. helps keep them off the streets or perhaps means less time in a difficult home
enwronment.
3. Care for Kids North Devon - £3.000 - the 1st grant tr) this Charity awarded by the GFT. Thls
Charity helps North Devon families who have a v8ry poorly child, through grants. and also
supports improvewnents to the local hospital children's ward. They applied for a grant to support
3 families with children facing a life-threatening diagnosis. These families were struggling to
meet the cost of Iravelling to SP8cialisl children's hospitals outside the area. and were losing
their earnings at the same time. This helps bring some stability and pea￿ of mind to the
parents during this incredibly difficult lim8, helping them to continue functioning as best they
can in family and community life.
Page 5

The Gibbons Family Trust
Trustees. Report (continued)
Flnancial Revlew
All income received is from invested funds- these are the CCLA Ethical Fund £47,229. the CCLA
Property Fund £45.795- CAF Bank £700- and a small share holding in Hydro-hotel Eastboume Ltd
£599 {inheriled from the Estate of Vera Gibbons). This makes for total income of £94.323, slightly less
than the prior year £94,775.
Turbulen￿ in intemetional markets and world polliics have been reflected in the capital value of th
holdings. as detaIl￿j below.
Despite this turbulence inwme though has remained fairfy Steady. The Trustees welcomed Ihe recent
news from CCLA that the ElhiGal Fund dMdend8 are increasing by in 2026.
The Board has long been awaTr that retums from the Propety Fund are higher than those of the
Ethical Fund,- al the 31 March 2026 the welds were 5.24% and 3.410A respectively.
However, the Property Fund is of higher risk and cannot be liquidated quickly16-month nolice period
applies).
A5 menlroned above. the runnlng cnsts for both this Charity and the DGF are or will be, covered by
the DGF drawing down fvnds al the instruction of the Trustees, lo optimize grant making.
No drawdowns in this financial year ended 31 March 2026 were needed. Post year end GFT dr8w
down £20.000 from the CCLA Ethical Fund. with payment being received in April 2026.
Office costs have incr&ased for thls year, from £17,679 in 2025 to £24,769 in 2026. The most
significant reason for this increase is the higher wages of the Manager,. due to increasing number and
complexity of applications and pro￿dure$. the introduction of Al, longer Trustee meetings. Other cost
increases include a rise in n8￿sary IT bills. and the cost of in-person meetings.
Reserves and Investments
The total Endowment Fund at 31st March 2026 was £2.281,025 (2025.. £2,409,680); being
£1,408.456 in the CCLA Ethical Fund 161°Al,' £857,589 {37%) in the CCLA Propety fund.. and
£14,980 in Hydro-Hotel Eastboume Ltd.
Net unrealised losses of £128,655 arg shown in the Investment note, mostly due to the fall in the
Ethical Fund v8lue of £141.164 (do"
-piIc amall gain￿ in the Propoty Fund).
Under the new ownership of Jupiter Asset Management since Febnjary 2026, CCLA have sugges18d
that the £15 billion of their assets specialising in charities, local councils and religious institutions will
relain its brand. elhgs and culture. The Trustees are hopeful that this will be the case and investments
may be more productive under the umbrella of a larger corporation.
The Trustees have been closely monitoring the persistent underperformance of the CCLA Ethical
Fund, for some lime. The Trustees are very mindfvl of their reliance on this income from CCLA to fulfil
the objects of this Charity-
The changes at CCLA have therefore caused some concem.
The Trustees would prefer not to take any acliDf7 on current investments, but due diligence suggests
infomalion gathering now rnay be important. The Trustees could look further afield and consider
moving some capital either within CCLA or spread the portfolio using other investment organisations.
Therefore, meetings 2re planned this year with CCLA and other financial advisors to gain sufficient
information lo justify any decisions by Ihe Trustees.
Page 6

The Gibbons Family Trust
Trustees. Report {continued)
Total Reserves on the Balance Sheet al 31 March 2026 were £2,287,99012025: £2,489,100). Of this
£6,965 were Unrestrlcted Reserves, the rest being Expendable Endowm&nl. Other than 2 small,
pledged grants of £3.960 Iwhlch are not yel confirmed and therefore commllled) this Trust has no
comrnilments to grantees and mlnimal running costs. therefore the bulk of these total reserves of
could be considered Free Reserves.
This means that there is no specific Reserves balance that is required to be held by the GFT and no
I$SU8s regarding going concern.
Discussions regularly take place at Trustee meetings on how best to balance Reserves held now,
diminishing these Reserves through drawdowns for grant making purposes.. and the longevity of this
Trust. At present the Trustees are open to calling on reserves as and when needed for grants, with no
fixed agenda for the amount hdd in reserves in the long-term. Conversations will continue to be held
on this. by the Trustees.
Plans for future periods
As noted above, in the short term the main focus of the Trustees is the potential diversificAllon of their
investment portrolio, in the interests of tyng to protect their capital in an uncertain economlc world.
In lemis of grant-making there are no signfficant plan5 for chang8. This Trust has aNvays been
reactive lo applications, rathar than proactively changing grant policies or focus. However. at Trustee
meetings tt is regulaTly noted how the nature and type of application has changed over the past few
years. There are more applications for," urgent, day-t￿daY applicats'ons for basic financial assistance.
lechnology, children's mental health and learning difficulties. The Trustees will Continue to monitor thls
and change their application and grant making policies where needed and appropriate.
Sustainability
With sustainabilty in mind, the Trustees are growing Increasingty aware of the Charitls impactr, how it
is run, what grants are made for, where their investments are held. This is demonstrated through the
following..
The Charity now operates from a hOM￿baSed environment, other than for most Trustee meetings
being in-person. This reduces travellin9 time and cost,. improve5 safety, and operating efficiencies and
effectiveness wth minimal environmental impact.
The Charities are almost papedess. and a8k all correspondents lo respect this. For this reason, the
registered office address is not shown on the website.
The appliGation forms for individuals now r8quests the Sponsor considers sustainability, particularfy by
asking them to state if they have tried lo source recycled goods before apptying for new. The Trustees
are looking for applicants who can demonstrate value for potential grant rnoney, and make wise
ethical choices were they can. For example, charities that both help disadvantaged groups through
adivities wilh an environmental focus, are being received MO￿ frequenlly and are welcomed.
As noted above the Trust currently has a substantial sum invested with the CCLA Ethical Fund, and
even if investment changes are made ESG will remain a priority. Some of the Trustees regulady
attend the local CCLA investfflent seminar which always includ8s a valuable and informative
discussion of the ESG policies and practices thal CCLA is endorsing or introducing.
Page 7

The Gibbons Family Trust
Trustees, Report (continued)
stst9ment of Tru5tees' Responslbllities
The Trustees are responsible for preparing the Tnjstees. report and the financial statements in
accordance with the Uniled KingdDm Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
The law applicable lo charitt&s requires the TTuslees lo prepare financial statements for each financial
year which give a tNe and fair view of the stale of affairs of the Charlty and of the incoming resources
and application of resources of the Chattty for Ihal period. In preparing these financial statements, the
TNstee$ are required to..
select suiL8ble accounting policies and then apply them consistenty.
observe the methcKls and pnnciples in the Charities SORP-
make judgements and estimates that are reasonable and prudent-
stale whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements.. and
prepare the financial statements on the going concern basls unless it is inappropriate to presume
that the Charity will continue in business.
The Trustees are responsible for keeping proper a￿oUnting re￿)rdS that disclos& with reasonable
accuracy at any time the financial position of the Charity and 8nable them lo ensure that the financial
slalements comply with the Charities Act 2011, the Charities (Accounts and Reports} Regulations
2008, and the provisions of the conslilL¢lion. The Trustees a￿ also responsible for safeguarding the
assets of the Charity aThJ hence for taking reasonable steps for the prevention and detection of fraud
and other irregularitie5.
The Trustees are responsible for the maintenance and intsgrity of the corporate and finanual
information included on the charitable companls website. Legislation goveming the preparation and
dissemination of financial stalemerils may differ from legi$lation In otherjurlsdicllons.
The annual report was approved by the Trustees of the Charity on .I414.[￿ and signed on its
behalf by.
n Frankish
Chair and Trustee
Page 8

The Gibbons Family Trust
Independent Examlnerfs Report to the trustees of The Gibbons Famlly Trust
I report to the Trustees on my examination of the accounts of The Gibbons Family Trust ft)r the year
ended 31 March 2026.
Responslbllltles and basls of report
As Ihe Charity Trustees of The Gibbons Family Trust you afe rgsponsible for the preparation of the
accounls in accordance with the requirements of the Charities Act 20111.the Act,).
I rewrt in respect of my ex8fflinatSon of the The Gibbons Family Trusfs accounts carried out under
section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145151(bl of the ACL
Independenl examiner'5 5tstement
I have rA)mpleled my examination. l ennflmi that no material matters have come to my attention in
Gonnertion with the examination giving me cause to believe that in any material respect-
1. accounting records were not kept in respect of The Glbbons Famity Trust as required by section
130 of the Act- or
2. the accounts do not accord with those records: or
3. the accounts do not comply with Ihe accounting requirements conceming the form and content of
accounts set out In the Charities IAccounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view which is not a matter considered as part
of an independent examination.
I havo no concems and have come across no other matters In connection wlth the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts lo be reached.
Catherine Williams FCA DChA
Independent Examiner
Weslcotts ISWI LLP
47 Boutport Street
Barnstaple
Devon
EX31 1SQ
Page 9

The Glbbons Family Trust
Statement of Financial Activities for the Year Ended 31 March 2026
Unrestrlcted
funds
Endowment
funds
Total
2026
Total
2025
Note
Incomg and Endowments from:
Investment income
other income
94,323
94,323
94,774
28,315
Total income
94.323
94,323
123.089
Expenditure on:
Char71able activities
166,7781
1166.778)
{166,747
Total expenditure
Gainsl{losses) on
investments
(166.778)
{166.7781
{166,747)
128.655
128,655
58,993
Net expenditure
Net movement in fvnds
72,455
{128,6551
1128,6551
{201,1101
1102,651)
172,455)
1201,1101
1102,651 }
Rgconclllation of funds
Total funds brought forward
Totsl funds carried forward 18
79,420
2.409,680
2,489,100
2,591,751
6.965
2.281.025
2,287,990
2,489,100
All of the Charity's activities derive from continuing operations during the abov8 tsvo periods.
The funds breakdown for 2025 is shown in note 18.
The notes on pages 12 to 20 fomi an integral part of these financial statements.
Page 10

The Gibbons Family Trust
(Registration number: 290884)
Balance Sheet as at 31 March 2026
2026
2025
Noto
Flxed assets
Tangible assets
Investments
13
14
1,265
2,409,680
2,410.945
2,281.025
2,281.86g
Currgnl assets
Debtors
Cash at bank and in hand
15
16
1.034
12,488
13,522
1,620
82,467
84,087
Credttors.. Amounts falling du9 Withln one ygar
17
7.4011
5.9321
Net current assets
6,121
78,155
Nat assets
2,287.990
2,489,100
Fund5 of the Charity:
Endowmentfunds
2,281.025
2,409.680
Unrestricted income funds
Unrestricted funds
6.965
79.420
Total funds
18
2.287.990
2.489.100
The fin
on.
ncial statement5 on pages 10 10 20 were approved by the Trustees, and authorised for issue
signed on th8iT behalf by:
Dr John Frankish
Chair and Trustee
Dr Clive Slubbings
Vice-chair and Truste8
The notes on pages 12 to 20 form an integral part of these financial statements.
Page 11

The Gibbons Family Trust
Notes to the Financial Statements for the Year Ended 31 March 2026
1 kcounllng pollcles
Statement of compliance
The financial statements have been prepared in accordance with the second ed6tion of the Charities
talement of Recommended Practice issued in October 2019. the FinaiiLial Repurliiiy SLdridard
applicable in the Unlted Kingdom and Republic of Ireland IFRS 1021 and the Chaiitres Act 2011.
Basls of preparation
The Gibbons Family Trust meets the definrtion of a public benefit enlity under FRS 102. The accounts
{financi81 statements) have been prepared under the historical cost convention with items recognis8d
at cost or transaction value unless otherwise stated in the relevant noials) lo these accounts.
Going COn￿M
The Trustees consider that there are no material uncertainties aboLrt th8 Ch8rWs abilty to continue
a5 a going concern.
Income and endowrngnts
Investment income
Dividends are recogni8ed once the dividend has been dedared and nottfi¢ation ha8 been received of
the dividend due.
Expendlture
All expenditur8 is recognised once there 18 a legal or constructive oblKJation to that expenditure. tt is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs lo that category. Where c0515 cannot
be dlreclly attributed to particular headings they have been allocated on a basis consistent with the
use of res011r￿s, with central staff costs allocated on the basis of lime spent, and depreciation
charges allocated on the portion nf the a&8p.t'8 118R. nthpr siipport costs are allocated based on the
spread of staff costs.
Charftable activities
Charitable expenditure comprises those costs incurred by Ihe Charity in the delivery of its activities
and services for ils beneficiaries. It includes both costs thal can be allocated directly to such acltvilies
and those costs of an indirect nature necessary to support them.
Grant provlslons
Provisions for grants are Made when the intention lo make a grant has been communicated to the
recipient but Ih8re is uncertainty about either the timing of the grdnt or the amount of grant payable.
Support Gosts
Support costs include Central functions and have been all(￿￿ed to activity cost cal8gorigs on a basis
consislenl with the use of resources. for example. allocaling propety Costs by floor areas. or per
capita, stsff costs by the limg spenl and other costs by their usage.
Page 12

The Gibbons Family Trust
Notes to the Financial Ststements for the Year Ended 31 March 2026
(continued)
Tanglble flxed assets
Individual fixed assets costing £100 or are Initially recorded at cost, less any subsequent
aGcumulaled d@pr8ciation and subsequent accumulated Impaiment losses.
Dopreciatlon and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic Ilfe as follows-
Assgl class
Fixture. fittings and equipment
Computer equipment
Depreciadon method and rat0
15°h reducing balan
33Dk reduong balanc
Flxgd assat Investments
Fixed asset investments. other than programme related Investments. gre indud8d at market value at
the balance sheet date. Realised gains and losses on investments are calculated as the difference
be￿een sales proceeds and their market value at the start of the year. or their subsequent cost, and
are charged or credited lo the Statement of Financial Activlties in the perii)d of disposal.
Unrealised gains and losses represenl th8 movement In market values during the year and are
credited or charged to the Statement of Financial Activit18s based on th8 rnarket value al the year end.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call dep95its. and olher short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject lo an
insigniflcant risk of change in value.
Fund structure
Unreslricled income funds are general fund8 that are availabl8 for use at the Trustees discretion in
furtherance of the objectives of the Charity-
Flnanclal instruments
Classlflcation
Finanual assets and finanGi31 liabilities are recognised when the Charity becomes a party to the
contractU81 provisions of the instrument.
Financial liabilities 8nd equity instruments are classified according to the substan¢e of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the Charily after deducting all of its liabilities.
Page 13

The Gibbons Family Trust
Notes to the Financial Statements for the Year Ended 31 March 2026
(contlnued)
Recognition and mèosurement
All financial asset8 and liabilities are iniknally meawred at tra115action pri￿ linduding transaction
costs), except for thos& financial assets classified as at fair value through profit or loss, whlch are
initialty measured at fair value (which is normally the transaction price excluding transaction costs).
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transaction, the financial assel or financial liability is measured at the present value of the future
payments discounled at a market rale of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only
when there exists a legally enforcea￿0 right lo set off the recognised amounts and the Charty intends
either lo settle on a net basis. or to realise the asset and settle the liability simultaneously.
Financi81 assets are derecognised ￿then and onty when a) the contractual rights to the cash flows
from the financial asset expire or ar9 settled, bl the Charity transfers to anolhei paty substantially all
of Ihe risks and rewards of ownership of the financial asset. or cl the Charity. despite having retained
some, but not all, significant risks and rewards of ownership, has transferred control of the ass81 to
another party-
Financial liabilities are derecognised On￿ when the obligatN)n specified in the (x)ntract is discharged.
Can￿lled or expires.
2 Invgslment Income
Unrestrlcted
funds
Totsl
2026
Bank interest receivable
Investment inwme
700
93.623
700
93,623
94,323
94,323
Unrei>trirted
funds
Total
2025
Bank interest receivable
Investment income
1,182
93,592
94.774
1.182
93.592
94,774
3 Other Income
Total
2026
Total
2025
Reimbursement from The David Gibbons Foundation
28.315
Page 14

The Gibbons Family Trusl
Notes to the Financial Statements for the Year Ended 31 March 2026
(continued)
4 Expendlture on charitable activities
Unrestrlcted
funds
Total
2026
Note
Grants payable
Support costs
142,009
24,769
142,009
24,769
166,778
166,778
ij
Unrestrlcted
funds
Total
2025
Note
Grants payable
Support costs
148.842
17,905
148,842
17.905
166.747
166,747
5 Analysis of support costs
Total
2026
Total
2025
(Profrtllloss on disposal of tangible fixed assets
Bank charges
D8preciation of computer equlpment
Wages and salaries
Staff pensions
Trustees expenses
Insurance
Telephone
Office expenses
Cornputer costs
Sundry expenses
InterGharily red)arge
Independent examinerfs fee
226
60
367
22.907
499
55
609
252
470
3,163
119
(13,258)
2.436
60
421
34,358
425
630
268
235
4,026
746
{19,797)
2,556
24.769
17.905
Page 15

Th• Gibbons Family Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2026
(continued)
All support costs lotalling £24.769 were paid from unrestricted funds (2025.. £17,905).
The Intercharity recharge is an amount received regulady from The David Gibbons Foundation with
whom The Gibbons Family Trust shares resources and services of the Trust Manager, employèd by
The Gibbons Family Trtjst. All adminislralion and governance costs, other than those Specifically
aitributable to each charity are shared equally, paid iFiitially by The Glbbons Family Trust and
reimbursed by The David Gibbon5 Foundation.
The Gibbons Family Trust has Gapilal funds invested with CCLA Investment Management Ltd. CCLA
incorne is received net of investment fees.
6 Analysls of grants
2026
2025
Grants lo organlsations
Grants to organisations and charllies in Devon
Grants to organisations and charities in The Isle of Thanet, Kent
98.073
30.778
99.402
36.360
128.851
135,762
2026
2025
Grants to indlvlduals
Grants lo individuals
13,158
13,080
A full Ilsl of grants made is included in the appendix.
7 Net incomlngloutgoing rosources
2026
2025
Depreciation of fixed assets
421
367
8 Not {Ios5esll9alns on investm•nts
2026
2025
Gainsl(losses) on investments
128,6551
58,993
Page 16

The Gibbons Family Trust
Notes to the Flnanclal Statements ft)r the Year Ended 31 March 2026
(continued)
9 Trustees remuneratlon and expenses
No Trustees. nor any persons GonneGted with them, have ￿ce1ved any remuneration from the Charity
during the year.
During the year The Gibbons Family Trust incurred Trustee expenses tolalling £425 {2025.. £551. The
David Gibbons Trust reimbursed The Gibbons Family Trust half of the £425 12025.. £55) Tnjstee
expenses claimed. Th8 èxpenses claimed were for travel expenses and a Trustee leaving gift.
10 Staff costs
The aggregate payToII costs were as follows:
2026
2025
Slaff costs durlng the year were:
Wages and salaries
Pension costs
34,358
22.907
499
35,199
23,406
The average head count of employees during the year was 1 (2024.. 1)
No employee received emoluments of more than £60.OCYJ during th8 year
11 Indepondent 8xamine￿S remuneratlon
2026
2025
Independent examination fees
2.556
2,436
12 Legacles
Under the tem)s of the Will of late Mr D Gibbons this Charity is a pol8nlial beneflaary of a
Discr@tionary Trust Fund with capital value at 31 March 2026 of £23.48512025:28,5351. Mr Kevin
Banfield, a former employee of Mr Gibbons is the lifetime benefiuary, the ultimate beneficiaries are
The David Gibbohs Foundation and The Gibbons Family Trust.
Page 17

The Gibbons Family Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2026
(continued)
13 Tangible flxed au¢ts
Fixture &
Fittings
Computer
equipment
Total
Cost
Ai 1 April 2025
4,517
4.681
At 31 March 2026
4,517
4.681
Dgpreclation
Al 1 April 2025
Charge for the year
At 31 March 2026
3.252
421
3.416
421
3,673
3,837
Net book value
At 31 March 2026
At 31 March 2025
1,265
1,265
14 Investment$
CCLA
Ethical
Fund
CCLA
Property
Other
Fund Shareholding
Total
Cost or Valuation
At 1 April 2025
Fair value movements
1,549.620
141,1641
1,408.456
841,870
15.719
18,190
2.409,680
3.210} 1128,6551
14.980
2.281,025
At 31 Mar¢h 2026
857,589
Net book value
Al 31 March 2026
1.408.456
857,589
14,980
2,281,025
l investmgnls shown are held at valuation.
Page 18

The Gibbons Family Trust
Notes to the Financlal Statements for the Year Ended 31 March 2026
(continued)
15 Debtors
2026
2025
Prepaymen15
1,034
1,620
16 Cash and cash equivalents
2026
2025
Cash at bank
12.488
82.467
17 Credltors: amounts falling due wlthln one year
2026
2025
Other taxation and social security
Other credttors
Accruals
4,665
180
2.556
2.996
500
2,436
7,401
5,932
18 Funds
Balancg at
1 April
2025
Other
Resources
recognlsed
expended galnslllosses)
Balance at
31 March
2026
Incomlng
rosources
Unrestricted funds
General Funds
79.420
94.323
{166,7781
6,965
Endowrnentfunds
Expendable
Endowment Funds
2.409,680
{128.655
128,655
2,281,025
2.409.680
2.281,025
Total fund$
2,489,100
166.778
1128.6551
2,287,990
Page 19

The Gibbons Famlly Trust
Notes to the Financial Statements for the Year Ended 31 March 2026
(continued)
Balance
at31
March
2025
Balance
Other
at 1 Aprll Incomlng Rgsources
recognlsed
2024 resources expendèd Tran¥fers galnsl{losses)
Unrestrlcted funds
General Funds
23,078
123,089 (166.747>
100.000
79.420
Endowment funds
Expendable
Endowment
Funds
2,568.673
100,000
58,993) 2.409,680
58,993
2,409.680
2.568.673
100,000
Total funds
2,591,751
123,089
166.747
58,9931 2,489,100
19 Analysls of net assets betweon funds
Unrestrlctsd
funds
General
Endowment
funds
Expendable
Total funds
at 31 March
2026
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
844
2,281,025
13,522
7,401
2.281,025
13,522
17.4011
6,965
Total nel assets
2,281,025
2.287,990
Unrestrictcd
funds
General
Endowmont
funds
Expendable
Total funds
al 31 March
2025
Tangible fixed asset9
Fixed asset investments
Current assets
Current IlabllS1ie¥
1.265
1,265
2.409,680
84.087
(5,932}
2,489,100
2.409,680
84.087
5,9321
79,420
Totsl nel assets
2,409,680
20 Relatgd party transactlons
There were no related party transactions in the year.
Page 20

The Gibbon5 Family Trust
endi
tr
151 Marwooé Scout5
151 ottery St Mary Scouts
A kind ot magic equine centre CIC
Action East Oevon
All Saints IAxrnin51erl PTFA
Amber Bee CIC
Balloons IDevonl
Barnstaple Amateuf Boxingciub
B8rton Hillkademy
8iadninch Acoustic MUS￿ Club
Bradninch Youih Club
Èuekfastiei&h Community DeVe￿p￿ent Prole¢t
C3rE for Kids North Devon
cb"ftonville Primary and Pie-school
Clyst Si Mary Piirnary School
community creaiive studios CIC
Community Safety Educaiion CIC
Credrton Community Bookshop Ltd lThe Bookery I
Crednon Youth Theatre
Dartmouth AFC Sw"ft5
Dawiish Warren u.fe Savlngclub
Devon H8allnB Horseman5Mip
Devon Rape Crtsis anLI Sexual Abuse SeNices
Draper5 Ni115 Primarykad8my
Easi Kenl Education Business Partn8rshlp Lld
Exeter Phoenix
Farms tor City Childie
Gap- A Thanet Communlty Project
Qo Beyond
Gieen Palhs Environrnentai Education CIC
Happlness Outdoors Project
Holdin8 On Lettingoo
Hyde Park Junior School
ICE Iifracombe
Jammingstation
Keni Film Foundaiion
Kingston Ramp Pfoject
Knowle Village Hall
Lath Seawards SchoolA5sociaiion
Leamingkademy Partnership
£500
£500
fi.￿0
£3.000
£i.000
£i.000
£1,500
£2.000
£750
El,000
El.000
£3.000
g3.000
e3.100
£2.000
£2,011
£1,000
É1,950
£1,000
£i.000
Linleham Primary School
Mama to Mafna
Maylield School IToibayl
Mayllower Primary
Mery Go Round Tty and Leisuie Library
Millmead Children's Gentre Partnership
Mount Batten Centfe Chaiity Trust
Mount Wise Primary
My Way Supporr CIC
Navl8ate Charity
Newin8ton Cornrnunityksociadon
Newwn pop￿￿10rd school 8550ciation
Nurture In Nature cniidren & Familie5 CIC
Oasis Dornesllt ￿se Semce
On 7ho Hlll CIC
Open Door Exmouih
Penguin StKtyrts Foundaiion
Plppin$ Pie-school and Nurserv
Plymouih Vlneyaro
Pomphlett Primary School
Proud28e
,000
&"r Franci5 ChICe￿erTrUSt
£2.500
Sound Gallery CIC
£2.200
South 8rent Retrea￿On Association
£1.500
South Ham5 ￿ea WelibeingisHAWJ
£i.ooo
St Peter's Church of England Primary School
£i.Doo
51.Mary's Church. Bidefoid
£2.000
Taika child coniaci centre
£1,200
The Catholic child￿n'S Society (Piyrnoutni
£750
The Treè Projeci CIC
El,000
The Young LNes Foundalion
£1,500
Tor Suppon SeNlces
£i.000
Totnes Rural Area Youth Engagernenl ITRAYEI
£3,0(M)
Tian%tion Town Okehampton
£2.000 WictDria Ri)att Piimary Schaol
23.000
Weswate Youth Piojeci
£i.000
Whiddon ￿j￿urnn Fesirial
£1,000
Willowbank PTFA
£750
Woodlanders Pie-SchDoI
Woolacombe School PTFA
£1,825
£5,000
£1.500
£i.000
£i.000
£500
£1,000
£1,879
£1.727
£500
È2.830
£2.000
E3.000
El,650
E4.000
I,soo
£1.126
£1.500
£i.000
£J.000
£i,ODO
El.979
Ei.000
£i.000
£2.500
E3.000
£1,500
£2,000
El.500
22.000
£2.000
£1.342
£600
£1,200
£2,137
£i.soo
£2.500
£i.000
£1.200
Totsl
I￿$,851
Poge 21

The Gffibbons Family Trust
ndix
rants to or
anisatio
s over
14arna to Mamj
£&ooo
Opn Oocrf Exrnouth
£4,000
Cllftonville Primary and Pie-school
loo
Ilon Esgt Devc
000
8ucklastleigh Community Devèlvprneni Pioie¢i aooo
Care for Klds North De¥on
000
ICEllliacom
Xert Fllm F￿nd0￿￿
Oasis Domestic Abuse Servlce
SLMarfs chu￿￿, Bideicrfd
Newnston CommunityA550eSahDn
Devon Rape Cns15 antt Se¥ual Abuse Servicès
St Peiei's Church ol Endand Primary School
Willowbsnk PTFA
rJ.000
fd.000
£8,000
830
EZ500
Q500
4500
Total
Page 22