GAPPER CHARITABLE TRUST FINANCIAL ACCOUNTS 5 APRIL 2024 Chari istration Number: 328623 Athawes & Co Ltd Chartered Accountants
GAPPER CHARITABLE TRUST FINANCIAL ACCOUNTS for the year ended 5 April 2024 Trust infonnation 213 Trustees report 414a Iiidependent examiiiers report Incorne and expenditure statement Balance sheet Notes to accounts
GAPPER CHARITABLE TRUST TRUST INFORMATION for the year ended 5 April 2024 Trustees: Dr M C Gapper E R A Gapper C Lockett Tlie Trustees shown above, served througihout the year. The Charity: The Gapper Charit¢ible Trust is a regiistered charity in Eii&land and Wales. RegFiStration nuinber 328623 and was fonned on 5 April 1990. Address: Clo 12 Officers Terrace The Historic Dockyard Chatham Kent ME4 4LJ Objectlves: Tlie furtlieraiice of lebyally cliaritable purposes. Bankers: Cazeiiove Capital l Loiidon Wall Place Londoii EC2Y SAU C. Hoare & Co. 37 Fleet Street Loiidon EC48 4DQ and Investment Managers: Schroder & Co. Limited l London Wall Place, London EC2Y SAU Solicitors: MacFarlaiies l O Norwich Strcct Loiidon EC4A I BD Accountants: Athawes & Co Limited StirlinLY House Sunderland Quay Culpeper Close Medway City Estate Rochester Kent ME2 4HN
GAPPER CHARITABLE TRUST TRUSTEES REPORT for the year ended 5 April 2024 Review Trustees The trustees have served througyhout the year. Income and donations 2. Total incoine was £69,686, ali increase of 1,27 %, while donations and expenditure at £75,229 also increase by 2.2 %. As a result, the expenditure exceeded the income by £5,543. All donatioiis went for cliaritable pUoses, Tliere were payinents for scholarships at Kingys CollebFe, London, and payinents to the Society for French Studies. Financial olic Tlie policy of the Trustees is to disburse suins to the total incoine, takin&F one year witli aiiother, witliout usinLy Lapital. Tlie stocks are iiow InaiiagFed by Scliroder & Co Liinitcd to Iniiiiinise overliead costs aiid so make Inore funds available for distributioii. A deposit accouiit witli Cazeiiove Capital aiid at C. Hoare & Co eams iiiterest on uiiinvested cash. Capital is Iield with a view to appreciate and byenerate future incoine. Where there are fonvard coininitmeiits, recipients have been advised that, sliould tliere be adverse circumstances, tlie proinised suins might not be forthcomiiig. Bud etin The aiiiiual budgFetinbi exercise shows that the Kin&is Collegye and Society of French Studies donatioiis can be sustained, provided iiivestinent conditions do not dcteriorate, wliile discrctioiiary donatioiis will be tailored to funds available.
GAPPER CHARITABLE TRUST TRUSTEES REPORT for the year ended S April 2024 Investments and stratc Tlie investments made, have beeii coiitinued througihout the year, in the face of financial uncertaiiity. Tlie disposition of investinent values at year end was as follows.. Mixed Multi-Asset Fuiids l 00% Approved by the Trustees and signed on their behalf C. Lockett- Trustee Date..........................................................
INDEPENDEIYT EXAMINER'S REPORT Report to the trustees/ members of: GAPPER CHARITABLE TRUST On accounts for the year ended: 5 April 2024 Charity No: 328623 Set out on page: 5t08 I report to the trustees on my exainination of tlie accounts of the above charity ("the Trust") for tlie year ending7 5 April 2024. Responsibilities and basis of report As the cliarity's trustees, you are respon8iblc for thc preparation of the accounts in accordance with tlie requircineiits ot. tlic Cliarities Act 2011 {"the ALt"). I report in respect of Iny exainiiiation of the Trust's accounts carried out under section 145 of the 201 l Act and in carryingi out Iny exainiiiation, I have followed all tlie applicable directioiis gyiven by the Cliarity Coinmission under sectioii 145{5){b) of the act. Independent examiners statement l ain qualified to undertake the exainination by beingF a qualified member of the Institute of Cliartered Accountaiits iii Eng?laiid and WiilLs. I Iiave coinpleted my exaininatioii. I coiifinn tliat iio material Inatters have coine to Iny attention in coiiiiectioii with the examination wliich Liives Ine causc to believe tliat in, any Inaterial respect. I Iiave no concerns and Iiave come across no other Inatters iii coiinection with the examiiiation to whicli atteiitioii should be drawii iii this report in order to enable a proper understandingl of the accounts to be reaclied. Sigiied.. Dale.. ..2024 Naiiie.. ..A K Athawes.................. Relevanl Profe.s.sional Qualificalioii(,i) or Body.. Institute of Chartered Accountants in England and Wales
GAPPER CHARITABLE TRUST INCOME AND EXPENDITURE for the year ended 5 April 2024 Iyote 2024 2023 Income UK Unit Trust Interest Interest received Profit 011 the sale of investinents 69,231 455 68,018 168 628 69,686 68,814 Expenditure Cliaritable doiiations: C(Iininunity Education Exainiiiers fee Maiiagycinciit Cliargies Buiik cliarbFes 47,470 23,000 576 3,823 360 45,740 23,000 576 3,933 360 75.229 73,609 Net (loss) for the year (5,543) (4,795) Accuinulated fund brou&ht fonvard 1,544,608 1,549,403 Accuinulated fund carried fonvard 1,539,065 1,544,608
GAPPER CHARITABLE TRUST BALANCE SHEET as at 5 April 2024 Note 2024 2023 Current assets Investinents 1,488,072 1,488,072 Accrued income 17,372 17,149 Casli at baiik 34,197 39,963 1,539,641 1,545,184 Creditors.. amounts falling due Ivithin one year Accruals - Exaininers fee 576 576 576 576 Net assets 1,539,065 1,544,608 Funds Unrestricted t'unds 1,539,065 1,544,608 In accordaiice witli the eiigageinent letter of the, l approve the accounts for tlie year ended 5 April 2024, wliicli coinprise of the Income and Expeiiditure Account, tlie Balance Shcct and the related notes. l ackiiowledLye Iny respoiisibility for the financial stateinents, includinLN tlie appropriatcness of the accouiiting basis as set out in note l and for providing Athawes & Co Ltd witli all iiifonnation aiid explanations necessary for its compilation. Date...................................... C. Lockett- Trustee
GAPPER CHARITABLE TRUST NOTES TO THE ACCOUNTS for the year ended 5 April 2024 Accounting policy The accounts have been prepared in accordance with applicable accountiiig standards and follow the recominendatioiis in Stateinent of Recoinmended Practice: Accounting by Charities (SORP) issued October 1995. Investments Iiivestinents are stated at cost. On the 5 April 2024, tliey consisted of '. Multi-Asset Funds SUTL Cazeiiove Cliarity Responsibe 2,976,704 Tlie Inarket value of these investments and casli on 5 April 2024 was £1,648,201 (2023: £1,577,058). Trustees remuneratlon and expenses Noiic ot. tlie trustees werL reiiiuiiLr(ItLd or reiinbursed for expeiises (2023.. £nil). Payee report 2024 2023 Community donations Ivere made to the following:" Ceiitrepoiiit Coinputer Aid Internatioiial cri.sis Devoiishire Collective End Youtli Hoinelessness Lincolii Cathedral LSO Discovery Childreii's Hospital Read for Good Royal National Lifcboat Institution Save the Cliildren Fund Shclter Street Child The Bigl Give Trust Towner Ukraine Humanitarian Appeal Water Aid 1,000 500 5,000 1,000 1,000 1,000 5,000 8,970 5,000 2,500 16,000 9,240 1,000 15,000 1,000 1,000 5,000 2,000 5,000 2,000 5,000 47,470 45,740
GAPPER CHARITABLE TRUST NOTES TO THE ACCOUNTS for the ear ended 5 A ril 2024 Educational donations were made to the following:" 2024 2023 KinLI's CollebTe London 20,000 20,000 Society of Freiich Studies 3,000 3,000 23,000 23,000