REGISTERED CHARITY NUMBER 313877 GILCHRIST EDUCATIONAL TRUST UNAUDITED REPORT AND ACCOUNTS FOR THE YEAR ENDED 28th FEBRUARY 2026 GILCHRIST EDUCATIONAL TRUST REPORT AND ACCOUNTS Contents Page Trusteos. Report lnd•p•ndW￿ EAamih•f• R•wt Statomont of Flnanclal Adlvttles Natal to th• Aecounl* 9.15 GILCHRIST EDUCATIONAL TrUST Referonce and admlnlstratlvo Inf0M￿tIOn Tru8ts08: Mr C.E.S. Whilbr••d. BSc.{Hons) Chalrnmn Professor S.R. Harrop. LLB Resign8d 24th January 2025 Dr J.H. H8mming, CMG. D.LitL MT8 S. Wm5w, &So S•vgtsry: Mrs J.V. c￿sidIn8. AC.I.S. omc•: 43 Fern Road sto￿ln9t0n Pulborough W8St Suss&x RH20 4LW R•gl•t•r•d O•rfty Numb•r. 313877 Ind•pond•nt Examln•r: Anthony Epton - Charities Partner Golthwins Limited 75 Mygrovo Road West Hampstead LorKlon NW6 2EG Fund Manag•rn: M&G Se¢urities Limited The M&G group M&G Houje Victoria Street Chelmsford E880X CM1 1FB B•nk•rn: CAF Baftk Ltd 25 Kings Hill Avenue Kings Hill W￿1 1410111 Kent ME19 4JQ CCLA Investment Management Limited Senator House 85 Queen VIGttyl• Street London EC4V 4ET Thls Inf9rn￿oft Iwms part ¢fts Trust￿$. rewt ¢n pages 2 t¢ 5 GILCHRIST EDUCATIONAL TRUST Trustees. Report The Trustses have pleasur8 In prwJentirKJ their roport tcKJether with the accwnts for Its year ended 28th February 2025, Structure, Governance and Management Th• maxlmum number of TnM1￿9 Permi￿ by the govffnh￿ in•truth1s fv•. The govéming inslrument is the codicil of 81h Decemb8r 1840 to thè Will of the late The trust was registered as a tharity on 23rd December 1966 and the numb8r 313877 allotted to rt in March 1987. Mothod of Appolntm•nt of Trusto Vacanaes are r8re but when one cKcurs, lh8 remaining T￿￿tea$ seek someone who is qualifieAI by training The appointmont of a is confirn￿d by Deod. Tru•t•••' R••pon•lblllll•• The Trustees are res￿81b18 for preparing Iho Truste8s' Anwal ReFNJl and the Financial Statemonts in accordance with applicablo law and United Ifjn￿m Acxwnting Slandards (United Kingdom Generally A¢wt•d AG¢ountlng PTa¢lke). Th? applKabh to chariliK In and Wal•s r•quirno th• InKI••s to prepare ffinancial stat8ments for each financial year vknich give a true arKI fair view of the state of affairs of tho arlty and 91 lh• incomiThJ rgsourcos and applicaliw of Tes￿r￿ of the charlty for that wlod. In prepadng these financlal state￿nts, ihe Trusiees are rnqulred to: observe the methods and prirdple8 In the Charities SORP (FRS 102) make Judgements and accounllng estlmatss that are rea8onabl8 and prudent epare th8 Ilnandal $tatomeTrts on tho conc•m bg51F unloss It to presume that the charity ￿11 contlnue buslne8S stats whether appllcaw UK Acc(wntlng Standard8 (FRS 102) have been followod, 8ubJ•ct to The Tru8tse8 are re8ponsible for keoping Fyoper acwjnting re¢ord8 Ihat di8d080 with rea8onabl8 accuracy at any tim8 tho finan¢ial position of Ihe chanty and en8ble thom to ensure Ihat finanoal statements Ix)mply wrth th? ChaTltig¥ Acl 2011, Iho cfwity (Amints and Rep￿￿} R•3ulati(¥1$ 2008 and the pro￿510￿8 of the Irust deed. They are also responsible for safeguarding the assets of the chanty and hence for tsking reasonab5e steps lor the wev￿tion and d•tecl¥Jn of fraufl and other itregulwiti•8. Obj•ctlv•s and Actlvltl•s The INSI cutrenty makes grants lo:. Organlsatlons seeking to flll 8(knakn81 gaps or lo make more wlddy avallable a partlwlar asp8ct of gducation or leamirwj. Indlvlduals who are oilher (a) within 81gM Iho end of a 8¢lf41nwK¥d d•gr•e, QT hlgh•r •duAlJon Ix)urso. ard who aro facing unexpected financkql dsfflcultles vthith may FYev8nt oynple￿On of It or (b) requir8d, as part of a unIv￿￿ty course, to spend a short perk¥J stsJdylrwJ In another o)unty. n) IN) The trust also offers the annual Gilchrist Fleldwork Award of £15,fxM). This cA)mpetitive award is open to small teams. the leader of whlch and ￿K)St of the team. should hrld established F￿sts In British universty departments Page 2 GILCHRIST EDUCATIONAL TRUST Trustees. Report (contlnued) In setting objectives and planning for activibes. the Trustees have gwen due consTrderation to general guidance published by the Charity Commission relating to public benefiL induding the guldanG• Publk è•n•fit: runnlng a {P82)'. Achlevomonts and ￿rfornIanCaS Revl•w of Actlvltles During the year ended 28th February 2025 grants were made to thé following: Twentywv8n organisations were awaffled gr8nts.' £4,000 k> £1,000 eath to Hopg for Ju*ke Intematlonal Needs UK Future Academy Jacaranda LIK F(wrthlion Eduspots Children of Hope Global Care Freedom to Leam Mojatu Foundation WoTld Chlkl Canc Plpal Tree Changlng Lives Malawi Nuestros P•qU•n￿ Hwmanos UK (NPH UK) The Unconnected Foundatlon Care Across Communltles Chlkl In Nood Educats'on for the Children Founda Reachlng the Unreached Laught•r Afyka The 8ook Bus Foundatlon Myume Young Caref8 Afrlcan Adv8ntUrn8 The ITSA Dyital TTUSt Eye Nepal Young Carer8 DevdoyX￿l TTU6t EdUKAID Klds Spa¢• Total value of grants awardgd £3Q,(O) 2) Indmduals £33,790 was spent on grants to Individuals and ol these 33 were on Travel Grants and 26 on Aduft SW Grants. Pa9• 3 GILCHRIST EDUCATIONAL TRUST Trustees. Report (contlnued) 3) Brltsh Expeditions Applications for Expeditions have been accepted during the year ended 28th Febwary 2025 for ccnslderdll¢n by the Tfustees at thdr mee15ng after the year gnd. Seven grants were made to the following- Unfv•rslty £1.000 Glasgow Glasgow Glasg¢> Newcasde Carnbridge Glas9OW Newcasue Outer Hebrides. Scouand Skalane5, Iceland Tobago. West IrK150s Russell Glacier. Kangerfussuaq, West Greenland Broken Hill. New South Wales, Australia Kho Pharoan, Thalland John Prince Researth Forest, Fort SL James, British Colornbia, Total value of grants awarded £7.000. Through grants to organlsaisons the tNSt has furth•r•d Its obledlv• of ImprovSn9 aducational standards both abroad and in tha Unlted Kingdorn. Th• trusV8 grants to IrKIMduals ha￿ asslstqd th• r•¢lpl•nts to ¢tynplrf• a d•gro• course. which mlght otherwlse had to be abarKlon8d, or to undertake a brfef perlod of siudy 0￿r&•aS a$ part of a dwree cour8•. Grants to exp6dikn.ons h8lp to meet cosls of tèams from this county (xrrylng out research of a scientific nature in various To individuals Adult study grants Travd study grants Gilchrist Fieldwork Award 10,000 31,171 16,040 17,750 15,000 13,500 14500 15.000 Support costs (Note 4) Othor c<>sts (Note 4) 15,170 15,760 Hope for Ju8tice Intemational Needs UK Futur• A¢ad•my Jacaranda UK FourKlatlon Eduspots Childrnn ol Hop• Global Care Freedom to Leam Mojatu Foundatlon World Child Cancer Pipal Tree Changlng LSve8 Malawl Nuestros Pequenos Hermanos UK (NPH UK) The Unconnected Foundation 4000 1.000 1.000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 kl Caro Across Communib88 Child In Need Educatlon for the Chlldren Foundali Reachln9 the Unreachod Laughter Africa The Book Bus Foundation Myllm• Young Car•rs African Adventures The ITSA Dlgital Trust Ey• N•pal Young Carers Development Trust EdUKAID 1,000 1,000 1,000 1,000 1,000 1.000 1.000 1.000 Pago 10 GILCHRIST EDUCATIONAL TRUST Notes to the accounts (contlnued) For th• y•ar •nd•d 281h F•knry 2025 2025 2024 Organisations Bright Sparks School India Children al Risk Just Be A Child Livingstone Tanzania Twst T8fflwa UK Disability Afn'ca Prodigal Bikes Rai88 Gaml%a H8nds Around the Worfd Compass Children's Ch817ty 1.172 1,171 1,171 1,171 1,171 1.171 1.171 1,171 1,171 1,171 1.171 1,171 1,171 1.171 1,171 1,171 1,171 1,171 1,171 1,171 1.171 1,171 1,171 1,171 1,066 K8n8ama Intsracti¥Tr Communty Sup Feed the Minds Tuming Point Tmst African Child Trust The Karen HHllrlbe8 TnKt African Reviv81 Anthem Muw'c CIC NIGokoJo Nelwth Comfort Int6m8tional Mondo Foundation Project Pen￿1 Case Our Mo¢>n Educati Awamu R68d for Good Totsl value ofgrnnts &wa￿d£31, 171 Pag• 11 GILCHRIST EDUCATIONAL TRUST Notss to the accounts (contlnued) Support Other Support Other Costs Costs 2025 Costs Costs Administration 2024 Secretarfs fees Grants Officer Gov8TTh3nGe costs Printing, postage & stationery Trnvelllng exp￿ Sundry expenses Admlnistration of Gilchrist Fipk5work Award Bank charges Insurance 7,933 5,072 9,916 8,545 2,136 4072 5,052 1,200 IJOD 10,681 5.052 1,2CKI 121 121 17 17 226 414 279 303 389 25 1h76 1A70 1,4￿1 1,49D 60 334 267 67 The trust employed one prnn during the year (2024: one). There are no employees who re￿iVed total employee benefits (exdudlng employers p•nsl¢)n costs) of mor• Ihan £60,0(KI. There are no National Insurance costs or pension contribut10r￿ Incurnd. Supp¢rt ¢o*s hav• boen allocated M tho ba8k8 Ihat tho ¢￿ts rgpro8•nt dlr•ct costs of administration of the grants provided to ￿ re(ipignts. Indepefi￿ oxamlnerfs f••8 of £1,200 (2024: £1,eoo) arè In¢kK￿ In govemancè Flxod A8•at Inv•stments Charifund income units- M&G Equities Investment for Char5ties Charfty Mutti A680t Fund . M&G Charlty Mulli Assat FUTh8 (Equtti￿ and Bofids) Page 12 GILCHRisf EDUCATIONAL TRiIST Notes to the accounts Icontfrnued) Flxed A880t Invostments (conllnu•d) ChaTifvrKI Mthti A35et ncx)me Unitsln(xJme Units G•noral Fund Unil number 108.LXII.8910 / 332,au81 Al8rf(et valu6 al 18t Marth 2024 1,611006 292.395 1,804,400 Investment UnMr￿ad 143,877 24,296 168,173 111,459.8510 133188181 Mwk•t vakm at 28th F•￿ 2025 1,705,812 s10,￿1 2,02&5n 2025 2024 Sundry credttors.. Accrua18 for grants payable 1,071 3.110 2.082 108 Trade creditors Taxation and 8odal 3eoJrlty 142 Award Commltm•nt Tho trusl •109 offern Ih Gl¢hit of £16,000 (f￿lM￿Y krw)vffl •6 Gllchrlst £10,000 EXped￿lOn Award). Thls competitlve award Is offered annualty and Is open to small teams of qualffied academlcs and researchers In 8stabllsh8d FN)sts In untr¥terslty departrnents or research establishments, most of Bribsh nationality, wishing to undertake a a Ileld Season of over slx weeks. The Award was made in 2024 to Dr NiC1￿18S Girkin. Assistant Prof8S80r in Environmental S¢i8n¢8 at Univer8ity of Nottifwam. R•latod Party Tranuctlon• Qno ol the Truste￿ was Tvsmbufsed tho amounl of tr•vthw expen8•• Incurred in connectlon with the Tru8L' Theré arè no other related paty tran88Ctions requwing disrjosure durir*J the year. Page 13 IIIIIIEIUIII