2025-12-31-accounts - Gibbon And Buckland Charity

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Annual Report of the Trustees of The Gibbon and Buckland Charity for 2025

Registered Charity Number 307682

Objectives and activities

The objectives of the charity are to support education within the parish of Benenden by way of grants to the local primary schoal 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 aimed at fulfilling 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 three times during the year.

Presentation Bibles with the charity bookplate inscribed with their name were given to each Benenden Primary School year six pupil.

37 grants were made to individual students totaling £21,075. £2000 was donated to the Primary School to assist in developing their outside learning area.

The long-standing lease with KCC for the Gibbon Schoal House ended on 30" June, with KCC unable to deliver up vacant possession of the entire property to the Trustees. Negotiations took place, and compensatory payments by KCC were agreed, to mitigate the consequences to the charity of the lack of vacant possession. Following extensive discussion at a Special meeting, the decision was taken that it was in the best long-term interests of the charity to sell the building. Two Estate Agent valuations were obtained, with a range of £700,000- £750,000. An offer of £750,000 from the existing tenant was received and accepted, and exchange of contracts took place in December. A report was obtained from Lambert & Foster, Chartered Surveyors, confirming that price was the best reasonably obtainable, in accordance with the Charities Act.

Financial Review

The Charity’s financial situation has been adversely affected by the termination of the lease and resulting loss of KCC rental income. The loss in income has been somewhat mitigated by £9108 received in previously owed KCC invoices. Expenditure on professional fees was increased because of the property sale, but £5118 of costs incurred in 2025 are to be reimbursed by KCC as part of the compensation agreed, as well as £11,700 to reflect last rental income (and a further £4042 of costs incurred by the charity in 2026).

The charity’s reserves comprise the funds used to establish the charity and retained income. It is the policy of the charity to maintain unrestricted income funds, which are free reserves ofthe[charity.] In addition to a cash balance of £27,679 we maintain a Voluntary Sinking Fund at a level which provided contingency for major costs involved in repairs ta the Gibbon building or the ending of the lease. This stands at £62,123 at year end. To the extent that the fund is not needed, it will be used as carried forward income to be used for the charity’s purposes on a basis to be agreed at the next trustees’ meeting.

Fixed Assets.

A small sliver of land adjoining the property to the west of the Gibbon School House was valued at £1500 by Lambert & Foster, Chartered Surveyors, and sold to the owners of the neighboring property

who had been utilizing the strip for some years. This delivered a net capital receipt of £1440 in December following deduction of indemnity insurance costs.

Income was derived from rent paid by the tenant {KCC}, outstanding invoices owed 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 commission (as amended by Trustees’ resolution dated 17 November 2010), 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, as took place in July to decide the future of the Gibbon Schoo! House. The day-to-day administration of the trust is undertaken by the Clerk who invaices 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 Administrative details

Principal Address: Random Acres, Slip Mill Lane, Hawkhurst, TN18 5AD

Trustees are:

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Dates acted if ;
not for whole Name of person. {or bady): entitled ta
year appoint trustee (if any)
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Janet Beattie P| _ Primary School Governors
Anthony Fullwood | | Until Oct 2025 |
Guy Hagan From July 2025-
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The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Fullname(s) Rian mov ey ate BROW Position Tretee CenecDate | | Ut.

a Receipts and payments accounts CC16a fl iod fi To [—rteomecton | imal 7 | ae Section A Receipts and payments Unrestricted funds Restricted Endowment Total funds Last year funds. funds tothe nearest £ to the nearest£ to the nearest£ to the nearest£ to the nearest£ Ai Receipts [KCCrentpayments ss CT[CC‘“‘(‘C;WOCOOC#C#CAM] OBO] TOes UG 14250| [Lloyds Bankintgerest PC‘ “Ce|ae Td ub total (Gross income for se ©ee AZ Asset and investment sales, see tabie). aesub tora ee 1.440 | (GrantsGrantsA3 Payments tostudentstoPrimary SchoolSSS SSSCSSCsCSCSCSSC—CootYT CSCCdCECCC™C~CSCSdSCECCSCSCSCSOOF | 2,000 | es |es S undries SCS (isTCO Sub total es |eee 44 Asset and investment BlackRockD nases Sharessee tape Te C—(“‘“‘(‘;Cr Re | Sub total Total payments[ere [J] LF Net of receipts/(payments)|- 407 1,440) [2,627 AS Transfers betweenfunds [| a |eee A6 Cash funds last yearend [30,3805] 30,305| | 39.387] Cash funds this year end L440 27,678

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£ Loris Bank Bosessisit |= Lloyds Bank 32 day notice account |e Total cash funds (agree balances with receipts and payments account{s}} Unrestricted Restricted Endowment funds funds funds Details to nearest£ to nearest£ to nearest£ Fund to which . Current value Retals asset belongs Cost (optional) optional Shotats Fund to which . Current value seteils asset betongs Cost {aptional) optional charity’s om tice . Fund to which Amount due When due Signed by one or two trustees an , : Date of behalf of all the trustees Signature Print Name approval | — me TOs Taten BRow Qf +ley

9 CHARITY COMMISSION! FOR ENGLAND AND WALES

. independent examiner's report on the accounts

Section A Independent Examiner’s Report

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Report to the trustees/ | __ .
members of | Gibbon and Buckland Charity
On accounts for the year | 31/12/25
ended
Set out on pages |
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Charity no | 307682
(if any)
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| report to the trustees on my examination of the accounts of the above charity (“the Trust’) for the year ended 31/12/2025
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:
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 concems 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:

Relevant professional qualification({s) or body

(if any):

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IER

October 2018

Section B

Disclosure

Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose.

Keene

IER

October 2018