Annual Report of the Trustees of The Gibbon and Buckland Charity for 2023 Registered Charity Number 307682 Objertives and activities The objectives of the charity are to support education within the parish of Benenden by way of grants to the local primary school and to students living in the Parish under the age of 25 in further education or training. Achlevements and performance The charity has adopted policies aimed at fulfi'lling its objectives; these policies were successful during the year. In planning the charity's activities we kept in mind the Charity Commission's guidance on public benefit. The trustees met twice during the year. Presentation Bibles with the charity bookplate inscribed with their name were given to each Benenden Primary School year six pupil. 23 grants were made to individual students totalling £16,800. Signifi'cant progress was made in securing action from tenants on repairs to the Gibbon Building by means of an Interim Schedule of Dilapidations. Flnanclal Revlew The Charity ends the year with much the same flnances as at the start. Fewer application5 for grants were received than in 2022 and an additional £10,000 has been added to the reserve fund. The charlty's reserves comprise the funds used to establish the charity and accumulated income. It Is the policy of the charity to rnaintain unrestricted income funds, which are free reserrfes of the charity In addition to a cash balance of £39,387, we maintain a Voluntary Sinking Fund at a level which provides contingenci for major costs involved in repairs to the Gibbon building or the ending of the current lease. This stands at about £67,000. FIKed Assets. The property was last valued at £260,000 on 20 July 2006 by Lambert & Foster, Chartered Surveyors, on the basis of it being let to Kent County Council. Income is derived wholly from rent paid by the tenant and interest on reserves. Structure. Governance And Management The charity is controlled by its governing document, the 1985 scheme of the charity commi55ion las amended by Trustees, resolution dated 17 November 20101, and constitutes an unincorporated charity. Trustees are recruited and appointed from members of the local community who wish to assist the charity and in accordance with the Scheme. Care is taken to ensure an appropriate range of skills is represented. The trustees meet twice a year to agree the broad strategy including grant making, investment, reserves and risk management. Further trustees, meetings may be called at other times during the year as the need arises. The day to day administration and management of the trust is undertaken bv the Clerk. New trustees are either nominees of public bodies or coopted. New trustees undergo a short induction programme and training is made available dependent on the needs of the trustee. Prlnclpal Address: Hemsted Oaks, Cranbrook Road, Benenden, Cranbrook TN17 4ES All Tnistees have acted for the whole year. They are: not for whole Name of person lor body) entltled to appoint trustee lif any) year Simon Brown Chair David Harmsworth Clerk Mary Cruse Nominee of Rector DavKI Barnes pcc Janet Beattle Primary School Governors Anthony Fullwood Jul* Lewis Parish Council The trustees dedare that they have approved the trustees. report above. Slgnatwelsl F￿1 namels) Ib Irk￿￿[( (.ch- Date waa / **----- Start of picture text -----**
we FORCHARITYENGLANDCOMMISSION|AND WALES/Gibbon & Buckland Charity;;
**----- End of picture text -----**
Charity;; 307682 Receipts and payments accounts CC16a **----- Start of picture text -----**
Section A Receipts and payments
Unrestricted funds Resteetedfunds Enisownlentfunds Total funds Last year
tothe nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Recovery ofprofessionaifess =| [—SC~=<“~*~‘“‘*~*~*~*~*~s] SYa|S |eee*iYSCC*S 6256 |[
Illoyds Bankintgerest | 3.611
[BlackRockinterestOG PP 808
Sub ABP 528
total (Gross income for eas
AR) z
A2 Asset and investment sales,
(see table).
ee
Sub total [Ra
A3 Payments
[Grants |
BiblesABto Primary School ——SSCSCidTSCC iC LTT dLa 284
[ProfessionalFees_—SSCSC~—~—~—“‘T[Sundries SSS SSCS]S| [CCPe dT «~dSCYLCCSCSC*;38 J |
Sub total ON es Fe 18,686 28,190
A4 Asset and investment
**----- End of picture text -----**
purchases, (see table) BlackRock Shares 10,000 10000/[ —si [BlackRock Accumulation UnitsSub total|| 12,5232,528 |[2,523] | Net of receipts(payments) ee |ee ASTransfersbetweenfunds [ECE AG Cashfunds lastyearend [———S—SAASS] TT T4485 Cash funds this year end CE |ee eae Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted Endowment : funds funds funds to nearest £ to nearest £ to nearest £ Lovssomecressimen tfTotal cash‘|funds |_sear| (agree balances with receipts and payments account(s)) Unrestricted Restricted Endowment funds funds funds to nearest £ to nearest £ to nearest £ Fund to which Coat tomtonal Current value ' asset belongs est (optional) ‘optional i Fund to which Cost (optional) Current value asset belongs (op! optional charitv’s own use Fund to which Amount due When due JELE liability relates optional optional Signed by one or two trustees on . i Date of behalf of all the trustees Signatur Print Neti approval BN A TM SLSOM 247 **----- Start of picture text -----**
# < |
CHARITY COMMISSION | Independent examiner's
FOR ENGLAND AND WALES | report on the accounts |
SectionA Independent Examiner’s Report
Report to the trustees/ | __ ;
members of | Gibbon & Buckland Charity
On accounts for the year | 31 December 2023 Charity no | 307682
ended | | (if any) | |
Set out on pages | |
| report to the trustees on my examination of the accounts of the above
charity (“the Trust’) for the year ended .
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation
basis of report of the accounts in accordance with the requirements of the Charities Act
2011 (“the Act”).
| report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, |
have followed the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent | have completed my examination. | confirm that no material matters have
examiner's statement come to my attention (other than that disclosed below *) in connection with
the examination which gives me cause to believe that in, any material
respect:
e accounting records were not kept in accordance with section 130 of
the Act or
e the accounts do not accord with the accounting records
| have no concerns and have come across no other matters in connection
with the examination to which attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
* Please delete the words in the brackets if they do not apply.
Name: | Tisai, re \ Ada Lay? |
Relevant professional
qualification(s) or body
(if any): | |
a|
Address: | cv5a wis wens |
| Beep eas Kew Tid Gs |
**----- End of picture text -----**
IER 1 October 2018