Annual Report of the Trustee5 of The Gibbon and 8uckland Charity for 2024 Registered Charity Number 307682 Objectlves and activities The objectives of the charity are to 5UPPOrt 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. Achievements and performance The charity has adopted policies ai med at fulfil ling 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. 43 grants were made to individual students totaling £25000. £2000 was donated to the Primary School to assist in their Ilbrary refu rbishment Significant repairs have been carried out to the Gibbon Building by KCC, and Listed Building Consent attained in order to regularise the modern skylights and the replacement store ceiling. Flnanclal Revlew The Charity's ftnancial situation has remained largely unchanged in 2024. Whilst the cash balance is lower than the previous year end, the short fall is entirely accounted for by £9108 in unpaid KCC invoices, for which payment is anticipated shortly. A significantly increased number of grant applications were received as compared to 2023. The charlty's reserves comprise the funds used to establish the charity and accumulated income, It is the policy of the charity to maintain unrestricted income funds, which are free reserves of the charity. In addition to a cash balance of £30,305 we maintain a Voluntary Sinking Fund at a level which provides contingency for major costs involved in repairs to the Gibbon building or the ending of the current lease. This stands at £68213 at year end. Flxed Asset5. 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. Strurture, Governance And Management The charity is controlled by its governing document, the 1985 scheme of the charity commission 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 of the trust is undertaken by the Clerk who invoices the Charity annually for work carried out. 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. Reference and Admlnistratfve detalls Principal Address.. Random Acres, Slip Mill Lane, Hawkhurst, TN18 SAD All Trustees have acted for the whole year, They are: Name Office Dates acted if not for whole year Name of person lor body) entltled to appoint trustee lif any) Simon Brown Chair David Harmsworth Clerk Mary Cruse Nominee of Rector David Barnes pcc Janet 8eattie Primary School Governors Anthony Fullwood Julie Lewis Parish Council The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charlty's trustees Slgnature(s) Full name(5) . err)￿- 14 •r41 C4*