THE GARTH TRUST Reglsterod Charlty numbor 501315 TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS for the year endod 31 MARCH 2025 Integra (Worksop) Ltd Enterprise Business Centre Enterprise House Carlton Road Worksop S817QF
THE GARTH TRUST TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS for the year ended 31 MARCH 2025 Contents: Page Trustees. Annual Report Legal & Administrative Infomiation Trustees Report 24 Flnanclal Statements Receipts & Payments Accounts Statement of Assets & Liabilities Indopendenl Examlnerfs Report
THE GARTH TRUST LEGAL & ADMINISTRATIVE INFORMATION for the year ended 31 MARCH 2025 Trustoes G R Adams (Accountant Truslee) T D Sorby (Solicitor) D Gough {Wicar) Reglstered Charlty Number 501315 Prlnclpal Address Sunnyside 11 Sparken Hill Worksop Nottinghamshire S80 1AX Bankern Barclays Bank UK PLC 137 Brompton Road Knightsbridge London SW3 1QF Investment Advlsers Barclays Investment Solutions Limited 1 Churchill Place Canary Wharf London E14 5HP Independent Examlnor Alison Cocliff ACMA CGMA Integra (Worksop) Ltd Enterprise Business Centre Enterprise House Carlton Road Worksop S817QF This page form5 part of the Trustees, Annual Report
THE GARTH TRUST TRUSTEES, ANNUAL REPORT for the year ended 31 MARCH 2025 The trustees present their report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the Charitys constitution and current statutory requirements. Structure, Goverance and Management The charity is constituted as a trust and was established by the late Alan Godley by a Trust Deed dated 9June 1971. The Trust Deed provides thal the Trust shall be managed by three Trustees namely. the Vicar of St Anne's for the time being, an accountant or solicitor and one person having knowledge of financial matters and on the death or retirement of any Truslee the statutory power of appointment shall be exercised by the Parochial Church Council of St Anne's Church, Worksop. The Trustees have power to appoint an additional Trustee from time to time upon such terms and subject to such conditions as they Ihink fil. Details of twstees who served in the year ended 31 March 2025 and other statutory information is given on page 1, which forms part of Ihis report. Objectlves and Actlvltles The Trustees have full discretion in the management of the investments and assets of the Trust and are reqUId to apply the income thereof for such charitable objects connected with St Anne's Church Worksop as the Trustees shall determine from time to time. There are no specific activities related to these charitable objects other than the investment of the Charitys endowment funds. Achl•v•ments and Performance The activities and achievements of the Trust are reflected in the Receipts and Payments Accounts for the year ended 31 March 2025 and the Statement of Assets and Liabilities at 31 March 2025 as eppended to this Report. The Trustees consider that the performance of the Trust this year has been satisfactory in the prevailing market conditions because income has been sufficient to achieve the main objective of maintaining the level of distributions. The headline figures from the financial statements for the year are summarised on page 3. Flnancial Roview, Rlsk Management, Investment Policy and Reserves The trustees have a duty to identify and review the risks to which the charity is exposed and the trustees ensure appropriate controls are in place to provide reasonable assurance against fraud and error. In accordance with the trustees, policy, the pemanent endowment funds of the Trust are comprised of portfolio of investments currently managed by Barclays Wealth under a Discretionary Management Agreement, as authorised by the Charity Commission by Order under Section 26 Charities Act 2011. The Trustees, have adopted a Fomial Investment Strategy which is reviewed on a regular basis wlh Barclays Wealth. The investment criteria for the porffolio is that it is managed on a discretionary basis, with the investment objective being a balanced return from income and capital gr0h., and the Trustees have elected for moderate risk. The only other reserves are accumulating income, placed on deposit to earn interest, pending distribution in accordance with the charitable objects., such distributions being made on 8n annual basis. .continued This page fomis part of the Trustees, Annual Report
THE GARTH TRUST TRUSTEES. ANNUAL REPORT for the year ended 31 MARCH 2025 (continued) Financial Review {continued) 2025 2024 Summary of Distributable Income Net Income for the year after Management and Administration Costs 31,233 33,596 Undistributed income brought forward 42,216 41,238 Net Income available for dislribution 73,449 74,834 Distributions during the year for the benefit of St Anne's Church in accordance with the terms of the Trust Deed 34.400 32,618 Balance of Income to be distributed in the following year 39,049 42,216 Valuatlon of Investments The movement in the unrealised gainsl(losses) on investments during the year is as follows:. Unrealised gains at beginning of year ProfitllLoss) on realisations during the year 134,564 32,265 102,299 9,508 127,757 64,790 62,967 71,597 Nel increaselldecrease) in unrealised gains during the year Unrealised gainsl(losses) at end of year 111,807 134,564 The market value of the Investment Portfollo as shown by Barclays Wealth's valuatlon at 31 March 2025 was £1,227,480 (Cost £1,110,586) with unrealised galns of £111,807. After taking account of acquisitions and disposals since 31 March 2025 the later valuation by Barclays Wealth as at 30 June 2025 shows that Ihe market value of the Investment Portfolio was £1,245,441 (Cost £1,135,810} with unrealised gains at that date of £109,631. Approval The trustees declare that they have approved the trustees, report above on 15 December 2025. Signed on behalf of the Charity's trustees by: G R ADAMS- TRUSTEE T D SORBY- TRUSTEE This page forms part of the Trustees. Annual Report
THE GARTH TRUST RECEIPTS & PAYMENTS ACCOUNTS for the year ended 31 MARCH 2025 2025 2024 UNRESTRICTED FUNDS RECEIPTS Receipts from Assets and Investments Interest - Fixed Interest Stocks National Weslminsler Bank PIC Barclays Wealth Dividends - Equities and Unit Trusts TOTAL RECEIPTS 10.275 15,498 21 21.960 19,208 32,256 34,706 PAYMENTS Charitable Aclivities: Distributions in accordance wlh the tenns of the Trust Deed 34,400 32,618 Governance Costs.. Accountancy charges 1,110 1,110 TOTAL PAYMENTS 35,510 33.728 NET RECEIPTSI(PAYMENTS) FOR THE YEAR (3.254) 978 Cash Funds Last Year End 50,722 49,744 CASH FUNDS THIS YEAR END 47,468 50,722 ENDOWMENT FUNDS RECEIPTS Proceeds from Asset and Investmenl sales Interest Balay$ wealth 188.868 88 440,506 188,956 440,506 PAYMENTS Asset and Investment purchases Investment Management charges 187,516 11,139 436,098 10.588 NET RECEIPTSI(PAYMENTS) (9.699) 16,180) Cash Funds Last Year End 19.156 25,336 CASH FUNDS THIS YEAR END 9,457 19,156 This page fomis part of the financial ststements for Ihe year
THE GARTH TRUST STATEMENT OF ASSETS & LIABILITIES at 31 MARCH 2025 2025 Unrestrlcted Funds 2024 Unrestricted Funds Endowment Funds Endowment Funds CASH FUNDS Barclays Wealth Barclays Bank PIC Vicar's Discretionary Fund 1,605 44,863 1,000 9,457 833 49,039 850 19,156 47,468 9,457 50.722 19,156 INVESTMENT ASSETS Investment Portfolio managed by Barclays Wealth - Cost 1,110,586 1,079,673 Market Value 1,227,480 1.217,902 LIABILITIES Investment Management charges Accountancy 2.825 1,134 3,959 2,711 1,110 3,821 Approved by the Board of Trustees on 15 December 2025 and signed on its behalf by: G R ADAMS- TRUSTEE T D SORBY- TRUSTEE This page forms part of the finanual statements for the year.
THE GARTH TRUST INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF THE GARTH TRUST I rewt on the aCCnIS of the Charity (reglst•red charlty number $01315) for the year ended 31 March 2tr25 which are set out on pages 4 and 5. Respectlve rnSPOMlbllltle8 ol tru8tee8 and Independenl •xamln•r The Charitys trustees are responsible for the preparatron of the accounts. The Charltvs tru8te8s corrdkler that an audlt Is not required for this year under section 144 of the Charitles Act 2011 fthe Charitss Acr) and that an independent examlnakn is needed. It Is my responsibility to: exarnine the accounts under 8ectlon 145 of the Charitles Art follow the procedurns lald In the General DIrecOn6 glven by the Charity Commlsslon (under 8ectlon 145(5)(b) of the Charlts8 Act), and state whether parucular matters have come to my attenllon. Ba81s of Indep•nd•nt •umlnerf• •tat•m•nt My examlnakn was carrled out In acwrdance the General Dlrecttons glven by the Charlty Comml8810n. An examination indudes a revlgw of the accounttng records kept by the charlty and a Clpan$0n of the accounts presented lth th088 records. It 8160 indudes conslderatlon of any unusual ttems or disdosure5 In the aco)unts, and seeklng explanatK)n8 from the trust8•s concerning any such m8tter8. The procedures undertaken do not provlde all th• evidence that would requlred In an audtt, and con8equenty no opInnIS Iven as to whether the accounts present a Irue and falrf vlew and the report Is Ilmited to those matter8 Set out In th8 8tatement Independ•ni •x•mln•f• st•t•m•rt In connectlon w5th my examlnatlon, no rnaterlal matter8 have ccxno to my attenkn whlch giv88 me Ul0 to beIve that in, any materlal respert the accountlng records ?re not kept In accordance wlth seckn 130 of the Ch8rlOe8 Art or the accounts dld not accord wlth the accounting records; or accounts dld not comply with the appllcable requlrements concernlng the form and content of accounts Set out In the Charftkn8 (Accounts and Reports) Regulakn8 2008 other than any requlrement that the accounts glve a true and fairf vlew whlch Is not a matter consldered a8 Pgrt of any independent examlnatlon. I have come across no other matter8 Fn connection wlth the 81M1nation to vthrch attantion should be drawn In th18 report in order to enable a proper understandlng of the account8 to be reached. Alison Cocllff ACMA CGMA For and on behalf of Integra (Wothp) Ltd Enterprlse Bu8ine88 Centr• Entorprlse Hou8e Work8OP S817QF 23rd DeLwnber 2025