## GAPPER CHARITABLE TRUST 

## FINANCIAL ACCOUNTS 

5 APRIL 2025 

Charity Registration Number: 328623 

Gluck & Co Limited Chartered Certified Accountants 

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## GAPPER CHARITABLE TRUST 

## FINANCIAL ACCOUNTS 

for the year ended 5 April 2025 

- 3 Trust Information 

- 4-5 Trustees Report 

- 6 Independent Examiners Report 7 Income and Expenditure 8 Balance Sheet 

- 9-10 Notes to Accounts 

2 

## GAPPER CHARITABLE TRUST 

## TRUST INFORMATION 

for the year ended 5 April 2025 

## Trustees: 

Dr M C Gapper E RA Gapper C Lockett 

The Trustees shown above, served throughout the year. 

## The Charity: 

The Gapper Charitable Trust is a registered charity in England and Wales. 

Registration number 328623 and was formed on 5 April 1990. 

Address: 99 Westmoreland Road Bromley BR2 0TQ 

- Objectives: 

The furtherance of legally charitable purposes. 

Bankers: 

Cazenove Capital C. Hoare & Co. 1 London Wall Place 37 Fleet Street London and London EC2Y SAU EC48 4DQ 

## Investment Managers: 

Schroder & Co. Limited 1 London Wall Place, London EC2Y 5AU 

## Solicitors: 

MacFarlanes 10 Norwich Street London EC4A 1BD 

## Accountants: 

Gluck & Co Limited Suite 131, 80 Churchill Square West Malling Kent ME19 4YU 

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## GAPPER CHARITABLE TRUST 

## TRUSTEES REPORT 

for the year ended 5 April 2025 

Review 

## Trustees 

The trustees have served throughout the year. 

## 1. Income and donations 

2. Total imcome was £69,724, an increase of 0.05%, while donations and expenditure at £49,969 decreased by 33.6%. As a result, the income exceeded the expenditure income by £19,755. All donations went for charitable purposes. There were payments to the Society for French Studies. 

## Financial policy 

The policy of the Trustees is to disburse sums to the total income, taking one year with another, without using capital. The stocks are now managed by Schroder & Co Limited to minimise overhead costs and so make more funds available for distribution. A deposit account with Cazenove Capital and at C. Hoare & Co earns interest on uninvested cash. Capital is held with a view to appreciate and generate future income. 

Where there are forward commitments, recipients have been advised that, should there be adverse circumstances, the promised sums might not be forthcoming. 

3. Budgeting 

The annual budgeting exercise shows that the Kings College and Society of French Studies donations can be sustained, provided investment conditions do not deteriorate, while discretionary donations will be tailored to funds available. 

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## GAPPER CHARITABLE TRUST 

## TRUSTEES REPORT 

for the year ended 5 April 2025 

## Investments and strategy 

The investments made, have been continued throughout the year, in the face of financial uncertainty. 

The disposition of investment values at year end was as follows: 

Mixed Multi-Asset Funds 100% 

## Approved by the Trustees and signed on their behalf 

C. Lockett — Trustee 

Date. SAV ZS ccccccccssscecceceecsesssseseeee 

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## INDEPENDENT EXAMINER’S REPORT 

Report to the trustees/ members of:GAPPER CHARITABLE TRUST On accounts for the year ended:5 April 2025 Charity No: 328623 

Set out on page: 7 to 10 

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ending 5 April 2025. 

## Responsibilities and basis of report 

As the charity’s trustees, 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 all the applicable directions given by the Charity Commission under section 145(5)(b) of the act. 

## Independent examiners statement 

| am qualified to undertake the examination as a qualified member of the Association of Chartered Certified Accountants. 

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. L 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. 

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Signed: VA 17/09 /2s<br>gh lol be N ancccccesweces Date: lM OT TES<br>**----- End of picture text -----**<br>


Name: Mr J Gluck 

Relevant Professional Qualification(s) or Body: Association of Chartered Certified Accountants 

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## GAPPER CHARITABLE TRUST 

## INCOME AND EXPENDITURE 

## for the year ended 5 April 2025 

||Note|2025|2024|
|---|---|---|---|
|||£|£|
|Income||||
|UKUnit Trust Interest||69,265|69,231|
|Interest received||459|455|
|||69,724|69,686|
|Expenditure|4|||
|Charitable donations:||||
|Community||42,000|47,470|
|Education||3,000|23,000|
|Examiners fee||576|576|
|Management Charges||4,033|3,823|
|Bank charges||360|360|
|||49,969|75,229|
|Net profit / (loss) for the year||19,755|(5,543)|
|Accumulated fund brought forward||1,539,065|1,544,608|
|Accumulatedfundcarriedforward||1,558,820|1,539,065|



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## GAPPER CHARITABLE TRUST 

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BALANCE SHEET<br>as at 5 April 2025<br>Note 2025 2024<br>£ £ £ +<br>Current assets<br>Investments 2 1,488,072 1,488,072<br>Accrued income 17,250 17,372<br>Cash at bank 54,074 34,197<br>1,559,396 1,539,641<br>Creditors: amounts falling due<br>within one year<br>Accruals — Examiners fee 576 576<br>oo 576 oo 576<br>Net assets 1,558,820 1,544,608<br>Funds<br>Unrestricted funds 1,558,820 1,544,608<br>**----- End of picture text -----**<br>


In accordance with the engagement letter of the, 1 approve the accounts for the year ended 5 April 2025, which comprise of the Income and Expenditure Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the financial statements, including the appropriateness of the accounting basis as set out in note 1 and for providing Athawes & Co Ltd with all information and explanations necessary for its compilation. 

we LINO NATH, Lots 

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pate. ASVUVZS. cccecececceceeem<br>**----- End of picture text -----**<br>


C. Lockett - Trustee 

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## GAPPER CHARITABLE TRUST 

## NOTES TO THE ACCOUNTS 

## for the year ended 5 April 2025 

1. AccountingThe accountspolicyhave been prepared in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice: Accounting by Charities (SORP) issued October 1995. 

2. Investments Investments are stated at cost. On the 5 April 2025, they consisted of : 

## Multi-Asset Funds 

SUTL Cazenove Charity Responsibe 2,976,704 

The market value of these investments and cash on5 April 2025 was £1,553,839 (2024: £1,648,201). 

3. Trustees remuneration and expenses None of the trustees were remunerated or reimbursed for expenses (2024: £nil). 

|4.|Payeereport|2025<br>£|2024<br>cs|
|---|---|---|---|
||Community donationsweremade tothefollowing:-<br>Centrepoint<br>Crisis<br>DevonshireCollective<br>Lincoln Cathedral<br>LSODiscoveryChildren’sHospital<br>Read for Good<br>RoyalNationalLifeboatInstitution<br>SavetheChildrenFund<br>StreetChild<br>Towner<br>UkraineHumanitarianAppeal<br>Water Aid<br>BookTrust<br>Mencap|-<br>3,000<br>-<br>-<br>10,000<br>-<br>5,000<br>7,000<br>2,000<br>5,000<br>5,000<br>-<br>4,000<br>1,000|1,000<br>1,000<br>1,000<br>5,000<br>8,970<br>5,000<br>2,500<br>16,000<br>-<br>2,000<br>-<br>5,000<br>-<br>-|
|||42,000|47,470|



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## GAPPER CHARITABLE TRUST 

## NOTES TO THE ACCOUNTS 

for the year ended 5 April 2025 

## Educational donations were made to the following:- 

|Educational donations were made to the|following:-||
|---|---|---|
||2025|2024|
||£|£|
|King's College London|-|20,000|
|SocietyofFrench Studies|3,000|3,000|
||"3,000|23,000|



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