THE ROBIN AND MARY GILL CHARITABLE TRUST ACCOUNTS YEAR ENDED 5TH APRIL, 2023
THE ROBIN AND MARY GILL CHARITABLE TRUST
CONTENTS
| PAGE | |
|---|---|
| Trustees' Report | 1 - 2 |
| Independent Examiner's Report | 3 |
| Receipts and Payments Account | 4 |
| Statement of Assets and Liabilities | 5 |
THE ROBIN AND MARY GILL CHARITABLE TRUST
TRUSTEES' REPORT
The Trustees present their report and accounts for the year ended 5th April, 2023.
Structure, Governance and Management
The Trust is registered with the Charity Commission as The Robin and Mary Gill Charitable Trust, registered number 326025. Its principal address is Fangate Manor Farm, St. Martin's Close, East Horsley, Leatherhead, Surrey KT24 6RR.
The Trust is constituted as a trust and governed by its Trust Deed, dated 7th January 1982.
The Trustees, who each served throughout the year, were as follows:
Sir Robin Gill Lady Denise Gill R M J Gill
The existing trustees are responsible for appointing any future trustees as and when necessary.
Objectives and Activities
The objects of the charity are to pay or apply or appropriate the whole, or any part or parts of, the capital or income of the trust fund to, or for the benefit of, any one or more qualified charity.
The Trust's principal fields of interest lie in the support of education, religion and welfare of the elderly and the young. It supports the work of other charities by making grants and donations when a need is identified or where their work includes significant educational or well-being outreach to the general community. This benefits a wide cross section of charitable organisations by helping them achieve their objectives.
The charity makes grants and donations on an ad hoc basis when it is seen that there is a need which meets the objectives of the charity and the monies provide a benefit to the public.
The charities chosen to receive support are picked regardless of the race, personal background or gender of the beneficiaries.
In planning the activities for the year the trustees have kept in mind the Charity Commission's guidance on public benefit at their trustees' meetings.
Achievements and Performance
Receipts in the year ended 5th April, 2023 increased by £4,103 compared to the previous year, mainly due to increased dividend income. Grant payments and donations of £1,160 were made to six different organisations in the year ended 5th April, 2023, a decrease of £3,666 compared to the previous year.
The Trustees had adopted a cautionary approach to funds available in the year owing to administrative errors by the Trust's bankers, Lloyds, resulting in a lack of corroboration of income received from investments.
The grant payments and donations made in the year ended 5th April, 2023 were awarded in line with the charity's objects and made mainly in the fields of welfare and religion.
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THE ROBIN AND MARY GILL CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED)
Financial Review
The net result for the year ended 5th April, 2023 was a surplus of receipts over payments amounting to £30,959 (2022: £3,190).
Once the results for the year are added to the opening cash funds balance, the closing cash funds balance as at 5th April, 2023 totals £40,345 compared to £9,386 as at 5th April, 2022. The cost of the investment assets remains unchanged at £501,892.
All of the charity's funds are unrestricted in nature.
Careful attention to the investment of the capital of the charity continued throughout the year.
The Trustees take no expenses for their services and give of their time freely. They discuss the requirements of the Charity Commission at regular intervals and, as appropriate to a small charity, matters of good governance, including risk analysis and affirm their practices comply with due prudence and care.
Reserves Policy
The main financial risk to the charity is loss of investment income. Accordingly the charity aims to hold sufficient reserves in order to maintain its cashflow and enable donations and grants to be made as needed.
Investments Selection Policy
The Trustees have decided to keep the majority of funds in unit trusts expertly managed for charities and which provide continuity of income and growth with strong protection of capital. A smaller amount of funds in a more liquid form is held in building society or bank accounts.
Plans for Future Years
The Trustees will continue their work, bringing benefit to communities and individuals, in their chosen fields, where evidence of need and resulting benefit to the public can be seen.
Approved by the Trustees on
20th December, 2023
And signed on their behalf by
Sir Robin Gill
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE ROBIN AND MARY GILL CHARITABLE TRUST CHARITY NUMBER 326025
I report to the Trustees on my examination of the accounts of The Robin and Mary Gill Charitable Trust ("the Trust") for the year ended 5th April, 2023 set out on pages 4 and 5.
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 2011 Act and in carrying out my examination, I have followed the 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 which gives me cause to believe that, in any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records.
I 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.
Use of our report
This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Act and regulations made under section 154 of the Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
D.A. Pickles F.C.A. for Ashworth Moulds 11, Nicholas Street, Burnley, Lancashire BB11 2AL
20th December, 2023
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THE ROBIN AND MARY GILL CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 5TH APRIL, 2023
| Year ended | Year ended | |||
|---|---|---|---|---|
| 5th April, 2023 | 5th April, 2022 | |||
| Unrestricted | Unrestricted | |||
| RECEIPTS: | ||||
| Dividends etc. (Gross) | ||||
| "Charibond" | 315.63 | 279.90 | ||
| "Charifund" | 31,753.10 | 27,578.72 | ||
| Miscellaneous Income | 50.00 | - | ||
| 32,118.73 | 27,858.62 | |||
| Investments equalisation - "Charifund" | - | 157.00 | ||
| TOTAL RECEIPTS | 32,118.73 | 28,015.62 | ||
| PAYMENTS: | ||||
| Grants and donations: | ||||
| First Church of Christ, Scientist | 250.00 | 4,000.00 | ||
| Royal Horticultural Society | 100.00 | 93.00 | ||
| Hawthorne Charitable Trust | 500.00 | 500.00 | ||
| Children in Need | 99.90 | 99.90 | ||
| Salvation Army | 100.00 | 100.00 | ||
| Sharon Spratt and Caroline Thomas Trust | 110.00 | 33.00 | ||
| 1,159.90 | 4,825.90 | |||
| Purchase of investments | - | 20,000.00 | ||
| TOTAL PAYMENTS | 1,159.90 | 24,825.90 | ||
| NET RECEIPTS / (PAYMENTS) FOR THE YEAR | 30,958.83 | 3,189.72 | ||
| Cash Funds Last Year End | 9,385.94 | 6,196.22 | ||
| CASH FUNDS THIS YEAR END | £ | 40,344.77 | £ | 9,385.94 |
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THE ROBIN AND MARY GILL CHARITABLE TRUST
STATEMENT OF ASSETS AND LIABILITIES AT 5TH APRIL, 2023
| As at | As at | |||||
|---|---|---|---|---|---|---|
| 5th April, 2023 | 5th April, 2022 | |||||
| Unrestricted | Unrestricted | |||||
| ASSETS | ||||||
| Cash Funds | ||||||
| Lloyds Bank plc | £ | 40,344.77 | £ | 9,385.94 | ||
| Investment Assets | ||||||
| At cost | ||||||
| M. & G. Securities Ltd. | ||||||
| "Charifund" | 38,027 | Units | 489,242.63 | 489,242.63 | ||
| "Charibond" | 11,910 | Shares | 12,649.12 | 12,649.12 | ||
| £ | 501,891.75 | £ | 501,891.75 |
The accounts on pages 4 to 5 were approved on
20th December, 2023
For and on behalf of the Trustees
Sir Robin Gill
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