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 pU￿oses, 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