REGISTERED CHARITY NUMBER: 314141
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
Berringers LLP Lygon House 50 London Road Bromley Kent BR1 3RA
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2025
| Page | |||
|---|---|---|---|
| Reference and administrative details | 1 | ||
| Report of the trustees | 2 | to | 3 |
| Independent examiner's report | 4 | ||
| Statement of financial activities | 5 | ||
| Balance sheet | 6 | ||
| Notes to the financial statements | 7 | to | 11 |
| Detailed statement of financial activities | 12 |
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
REFERENCE AND ADMINISTRATIVE DETAILS for the year ended 31 December 2025
TRUSTEES Professor J Willis Dr P Newman R Cunningham PRINCIPAL ADDRESS 1st Floor MILE House Bridge End Chester le Street Co. Durham DH3 3RA REGISTERED CHARITY 314141 NUMBER INDEPENDENT EXAMINER Berringers LLP Lygon House 50 London Road Bromley Kent BR1 3RA
Page 1
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
REPORT OF THE TRUSTEES for the year ended 31 December 2025
The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
CHAIRMAN'S REPORT
The Charity was established by Deed of Trust on 11 July 1899 as a result of an appeal by Lord Kitchener to the British public. The purpose of the appeal was to honour the name of General Gordon by providing for the education of the people of Sudan.
The fund is managed by Evelyn Partners. The income of the fund at 31 December 2025 was £36,235 and the expenditure was £122,137..
Details of the expenditure are as follows:
| Awards to individuals | £62,611 |
|---|---|
| Grants to institutions & other charities | £30,339 |
| Expenses | £11,395 |
| Investment & Management Charges | £17,792 |
26 students benefited directly from GMCTF individual awards and many more were supported through the grants made to the Windle Trust and Women's Education Partnership.
OBJECTIVES AND ACTIVITIES
Objectives and aims
To extend and improve the condition and education of the natives of the Sudan.
Significant activities
The charity supports higher education of Sudanese and South Sudanese across a range of academic disciplines. It also works with other charities operating in the same field.
Public benefit
The trustees consider the objectives and aims of the Trust described above, enable it to meet its obligations to the Charity Commission.
FINANCIAL REVIEW
Investment policy and objectives
The trustees are seeking to consolidate the income from the investments to be in a better position to maximise income for awards and they consider the investment performance satisfactory.
Reserves policy
The trustees consider maintaining reserves high enough to generate sufficient funds for awards.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
The Trust has no employees and is run by the trustees who receive no remuneration.
Related parties
The Trust is related to Kitchener School of Medicine Trust Fund by way of mutual trustees.
Page 2
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
REPORT OF THE TRUSTEES for the year ended 31 December 2025
Approved by order of the board of trustees on 19 March 2026 and signed on its behalf by:
Professor J Willis - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
Independent examiner's report to the trustees of Gordon Memorial College At Khartoum Trust Fund
I report to the charity trustees on my examination of the accounts of Gordon Memorial College At Khartoum Trust Fund (the Trust) for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ricky Hutson BSc FCCA ACA The Institute of Chartered Accountants in England and Wales
Berringers LLP Lygon House 50 London Road Bromley Kent BR1 3RA
19 March 2026
Page 4
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Charitable activities Awards Other Total Net gains on investments NET INCOME/(EXPENDITURE) Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 181,369 17,703 199,072 12,125 19,043 31,168 26,386 194,290 62,111 256,401 935,070 1,191,471 |
Restricted funds £ - 18,532 18,532 80,825 10,144 90,969 26,586 (45,851) 69,052 23,201 1,046,380 1,069,581 |
2025 Total funds £ 181,369 36,235 217,604 92,950 29,187 122,137 52,972 148,439 131,163 279,602 1,981,450 2,261,052 |
2024 Total funds £ - 33,144 33,144 77,163 28,933 106,096 37,947 (35,005) 118,752 83,747 1,897,703 1,981,450 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 5
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
BALANCE SHEET 31 December 2025
| Notes FIXED ASSETS Investments 6 CURRENT ASSETS Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 1,155,291 - 37,679 37,679 (1,499) 36,180 1,191,471 1,191,471 |
Restricted funds £ 1,048,620 - 20,961 20,961 - 20,961 1,069,581 1,069,581 |
2025 Total funds £ 2,203,911 - 58,640 58,640 (1,499) 57,141 2,261,052 2,261,052 1,191,471 1,069,581 2,261,052 |
2024 Total funds £ 1,888,105 151 117,357 117,508 (24,163) 93,345 1,981,450 1,981,450 935,070 1,046,380 1,981,450 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 19 March 2026 and were signed on its behalf by:
J Willis - Trustee
The notes form part of these financial statements
Page 6
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
Included in donation is, £181,369, the net assets of The Kitchener School of Medicine Trust Fund, a sister charity (number 314142), which was closed on 10 July 2025 and the net assets transferred to The Gordon Memorial College Trust Fund.
continued...
Page 7
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2025
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Income from investments | 36,235 | 33,144 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Trustees' expenses
During the year the sum of £812 was paid to three trustees for reimbursement of travelling and subsistence expenses incurred during the year.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Charitable activities Awards Other Total Net gains on investments NET INCOME/(EXPENDITURE) Transfers between funds Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 15,679 48,191 18,991 67,182 18,790 (32,713) 3,109 55,645 26,041 909,029 935,070 |
Restricted funds £ 17,465 28,972 9,942 38,914 19,157 (2,292) (3,109) 63,107 57,706 988,674 1,046,380 |
Total funds £ 33,144 77,163 28,933 106,096 37,947 (35,005) - 118,752 83,747 1,897,703 1,981,450 |
|---|---|---|---|
continued...
Page 8
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2025
6. FIXED ASSET INVESTMENTS
| At 1 January 2025 Additions at cost Disposals at carrying value Gains/(Losses) At 31 December 2024 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS At 1.1.25 £ Unrestricted funds General fund 935,070 Kitchener fund - designated - 935,070 Restricted funds Phillipa Maghrabi Bequest 1,046,380 TOTAL FUNDS 1,981,450 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 17,703 (31,168) Kitchener fund - designated 181,369 - 199,072 (31,168) Restricted funds Phillipa Maghrabi Bequest 18,532 (90,969) TOTAL FUNDS 217,604 (122,137) |
Market | Market | Market | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Cost | Value | ||||||||
| 1,689,439 | 1,888,105 | ||||||||
| 552,991 | 583,255 | ||||||||
| (398,612) | (451,584) | ||||||||
| - | 184,135 | ||||||||
| 1,843,818 | 2,203,911 | ||||||||
| 2025 £ - 2025 £ 1,499 Net movement in funds £ 75,032 181,369 256,401 23,201 279,602 Gains and losses £ 88,497 - 88,497 95,638 184,135 |
2024 £ 151 2024 £ 24,163 At 31.12.25 £ 1,010,102 181,369 1,191,471 1,069,581 2,261,052 Movement in funds £ 75,032 181,369 256,401 23,201 279,602 |
||||||||
continued...
Page 9
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2025
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Centenary Appeal General Fund Centenary Appeal Medical Fund Phillipa Maghrabi Bequest TOTAL FUNDS |
At 1.1.24 £ 909,029 1,815 1,294 985,565 988,674 1,897,703 |
Net movement in funds £ 22,932 - - 60,815 60,815 83,747 |
Transfers between funds £ 3,109 (1,815) (1,294) - (3,109) - |
At 31.12.24 £ 935,070 - - 1,046,380 |
|---|---|---|---|---|
| 1,046,380 | ||||
| 1,981,450 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Phillipa Maghrabi Bequest TOTAL FUNDS |
Incoming resources £ 15,679 17,465 33,144 |
Resources expended £ (67,182) (38,914) (106,096) |
Gains and Movement losses in funds £ £ 74,435 22,932 82,264 60,815 156,699 83,747 |
Gains and Movement losses in funds £ £ 74,435 22,932 82,264 60,815 156,699 83,747 |
|---|---|---|---|---|
| 83,747 |
Restricted funds
The Centenary Appeal funds were appeals made to raise funds for the University of Khartoum and the medical school. During the year, these funds were closed and the balances transferred to the general fund.
The Phillipa Maghrabi bequest represents a bequest by Phillipa Maghrabi during 2011, the income from which is to be used in the education of Sudanese women.
Unrestricted funds
Kitchener fund - unrestricted funds transferred from the Kitchener Memorial School of Medicine have been designated by the Trustees to support medical education offered by institutions operating in, or undertaken by, nationals of Sudan or South Sudan.
continued...
Page 10
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2025
10. RELATED PARTY DISCLOSURES
The Kitchener School of Medicine Trust Fund has similar trustees to The Gordon Memorial College Trust Fund and is, therefore, deemed a related party to the charity. The Kitchener School of Medicine Trust Fund was closed in July 2025. Net assets transferred to The Gordon Memorial College Trust as donation in the year was £181,369.
Page 11
GORDON MEMORIAL COLLEGE AT KHARTOUM TRUST FUND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Income from investments Total incoming resources EXPENDITURE Charitable activities Grants to institutions Grants to individuals Other Bookkeeper Honorarium Independent examination Management fees Sundries Support costs Finance Bank charges Other Telephone, PPS & website Governance costs Legal fees Total resources expended Net income/(expenditure) before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income/(expenditure) |
2025 £ 181,369 36,235 217,604 30,339 62,611 92,950 5,166 - 2,562 17,792 286 25,806 904 - 2,477 122,137 95,467 52,972 148,439 |
2024 £ - 33,144 33,144 10,000 67,163 77,163 5,000 3,000 1,650 13,528 1,598 24,776 2,668 1,489 - 106,096 (72,952) 37,947 (35,005) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12