2025-09-09-accounts

Charity number: 516791

THE JOHN AND EMMA GALE HOME

UNAUDITED

TRUSTEE'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 9 SEPTEMBER 2025

THE JOHN AND EMMA GALE HOME

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustee's report	2 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statements	8 - 15

THE JOHN AND EMMA GALE HOME

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 9 SEPTEMBER 2025

Trustees	Zedra Trust Company (UK) Limited
Charity registered number 516791 Principal office Zedra Trust Company (UK) Limited Booths Hall, Booths Park 3 Chelford Road Knutsford Cheshire WA16 8GS Independent examiner Nicholas Weller FCCA Simmons Gainsford Professional Services Limited Chartered Accountants 14th Floor 33 Cavendish Square London W1G 0PW Bankers Barclays Bank PLC 6th Floor, Aurora Building 120 Bothwell Street Glasgow G2 7JS

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THE JOHN AND EMMA GALE HOME

TRUSTEE'S REPORT FOR THE YEAR ENDED 9 SEPTEMBER 2025

The Trustee present their annual report together with the financial statements of the The John and Emma Gale Home for the year ended 9th September 2025.

Objectives and activities

a. Epitome of governing document

The provision of accommodation to be made available rent free or at such rent or other charge and in such place or places and in such manner and upon such conditions as may the Trustee in their discretion think fit for poor, aged or infirm persons of either sex who shall have been born in the County of Nottinghamshire.

b. Significant activities

The Trust owns a portfolio of properties that are let to poor, elderly and infirm people born in Nottinghamshire.

The Trustee has not identified any major risks – the properties are managed by suitably qualified Agents and all legislative safety checks maintained.

All the properties remain occupied for the full year with the exception of 7 J & E Gale which was void from 30/11/24 to 1/04/25, 6 J & E Gale which was void from 2/10/24 to 15/11/24 and 43 kingfisher Court which was void from 10/10/24 to 9/11/24. The Trustees have achieved a greater occupancy rate than the previous year and are meeting the Trust’s objectives. The portfolio of stocks and shares, representing approximately 11.6% of the charity’s value has performed in line with stock market conditions.

The Trustee confirms that it has referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims, objectives and activities.

Achievements and performance

a. Financial review and future plans

The Charity's long term aim is to add further properties to the portfolio but the managing agents are not currently actively seeking new properties. The current objective is to return to 100% occupancy levels and the managing agents are confident that tenants that meet the Charity's criteria will be found quickly.

The Trustee have noted that the rents received on each property have not been increased for many years. The consultation process has been completed and the managing agents have been in consultation with the tenants to increase the rents where they can and most of the rents started to increase from May 25. Furthermore, the Charity holds 3 larger semi detached properties which they may look to sell in the future to raise funds for the purchase of more suitable rental properties.

The existing John and Emma Gale Homes continue to be modernised and maintained to a high standard.

b. Public benefit

The Trustee is aware of the Charity Commission’s guidance on Public Benefit. It considers that the funds distributed have been applied in furthering the Objects for the public benefit which include the provision of accommodation to be made available rent free or at such rent or other charge and in such place or places and in such manner and upon such conditions as may the Trustee in their discretion think fit for poor, aged or infirm persons of either sex who shall have been born in the County of Nottinghamshire. The trustee is therefore meeting its obligations under the Public benefit guidance.

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THE JOHN AND EMMA GALE HOME

TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 9 SEPTEMBER 2025

Achievements and performance (continued)

c. Taxation

The charity has no liability to Corporation Tax or Capital Gains Tax on its charitable activities.

Financial review

a. Going concern

After making appropriate enquiries, the Trustee have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Surplus income arising each year is transferred to the Capital Fund where it is available to purchase properties for charitable purposes. The balance held in the Income Fund at 9 September 2025 amounted to £143,643 and in the Capital Fund £4,310,529. The Capital Fund is not restricted and therefore the total level of free reserves is £4,454,172.

c. Investment policy

The charity holds a mixture of UK listed stocks and shares and bank deposits, which are held with the intention of increasing reserves in order to purchase further properties.

Structure, governance and management

a. Constitution

The John and Emma Gale Home is a registered charity, number 516791, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustee

The management of the Charity is the responsibility of the Trustee who are elected and co-opted under the terms of the Trust deed.

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THE JOHN AND EMMA GALE HOME

TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 9 SEPTEMBER 2025

Statement of Trustee's responsibilities

The Trustee are responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustee to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustee are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustee are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustee and signed on their behalf by:

Zedra Trust Company (UK) Limited 30/6/2026 | 09:12 BST Date:

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THE JOHN AND EMMA GALE HOME

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 9 SEPTEMBER 2025

Independent examiner's report to the Trustee of The John and Emma Gale Home ('the Charity')

I report to the charity Trustee on my examination of the accounts of the Charity for the year ended 9 September 2025.

Responsibilities and basis of report

As the Trustee of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity'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 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I 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.

Signed: Dated: 30/6/2026 | 09:12 BST Nicholas Weller FCCA Simmons Gainsford Professional Services Limited Chartered Accountants 14th Floor 33 Cavendish Square London W1G 0PW

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THE JOHN AND EMMA GALE HOME

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 9 SEPTEMBER 2025

Note Income and endowments from: Investments 3 Total income and endowments Expenditure on: Charitable activities Total expenditure Net income/(expenditure) before net gains on investments Net gains on investments Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Income funds 2025 £ 186,740 186,740 62,688 62,688 124,052 - 124,052 (6,596) 117,456 26,187 143,643	Capital funds 2025 £ - - 171,783 171,783 (171,783) 37,269 (134,514) 6,596 (127,918) 4,438,447 4,310,529	Total funds 2025 £ 186,740 186,740 234,471 234,471 (47,731) 37,269 (10,462) - (10,462) 4,464,634 4,454,172	Total funds 2024 £ 133,643
				133,643 293,859
				293,859 (160,216) 25,381
				(134,835) -
				(134,835) 4,599,469
				4,464,634

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 8 to 15 form part of these financial statements.

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THE JOHN AND EMMA GALE HOME

BALANCE SHEET AS AT 9 SEPTEMBER 2025

Note Fixed assets Tangible assets 7 Investments 8 Current assets Debtors 9 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 10 Net current assets Total net assets Charity funds Capital fund Income fund Total funds	23,456 321,506 344,962 (12,279)	2025 £ 3,603,923 517,566 4,121,489 332,683 4,454,172 4,310,529 143,643 4,454,172	21,780 306,744 328,524 (27,797)	2024 £ 3,683,128 480,779
				4,163,907 300,727
				4,464,634
				4,438,447 26,187
				4,464,634

The financial statements were approved and authorised for issue by the Trustee and signed on their behalf by:

Zedra Trust Company (UK) Limited

30/6/2026 | 09:12 BST Date:

The notes on pages 8 to 15 form part of these financial statements.

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THE JOHN AND EMMA GALE HOME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 SEPTEMBER 2025

1. General information

The John and Emma Gale Home is a registered charity in England and Wales, registration number 516791. The address of the registered office is Booths Hall Booths Park 3, Chelford Road, Knutsford, WA16 8GS.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The John and Emma Gale Home meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all charities. In response to such conditions, the trustees have carefully considered those risks, including an assessment of uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the trustee considers that the Charity maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external debt liabilities.

In addition, the Charity’s assets are assessed for recoverability on a regular basis, and the trustee considers that the Charity is not exposed to losses on these assets which would affect their decision to adopt a going concern basis.

The trustee has a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Charity’s ability to continue as a going concern. Thus the trustee has continued to adopt the going concern basis of accounting in preparing these financial statements.

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THE JOHN AND EMMA GALE HOME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 SEPTEMBER 2025

2. Accounting policies (continued)

2.3 Income

Rental income

Rental income is accounted for in the period in which the relevant services are provided.

I nvestment income

Investment income is accounted for when receivable.

2.4 Expenditure

Expenditure is accounted for on an accruals basis.

Investment management costs comprise those costs directly attributable to managing the investment portfolio and raising investment income. These costs are allocated to the capital account.

Charitable expenditure represents expenditure incurred on activities in the futherance of the charity's objectives (which includes Trustees' management fees). All expenditure on charitable activities is allocated to the income account except for Trustees' management fees which are allocated between the capital and income accounts.

Charitable expenditure also includes support costs which represent expenditure incurred in the general running of the charity and includes legal, secretarial and audit costs.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

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THE JOHN AND EMMA GALE HOME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 SEPTEMBER 2025

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - 2%

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustee in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

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THE JOHN AND EMMA GALE HOME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 SEPTEMBER 2025

3. Investment income

Rental income Income from listed investments Bank interest receivable	Income fund 2025 £ 159,992 15,129 11,619 186,740	Total funds 2025 £ 159,992 15,129 11,619 186,740	Total funds 2024 £ 104,611 21,453 7,579
			133,643

4. Charitable activities - costs incurred

	Income **fund **	Capital fund	Total funds	Total funds
	2025	2025	2025	2024
	£	£	£	£
Management fees	24,443	88,098	112,541	142,301
Property maintenance	22,517	-	22,517	54,229
Depreciation	-	83,685	83,685	82,770
Insurance	8,792	-	8,792	8,285
Support costs (note 5)	6,936	-	6,936	6,274
Total	62,688	171,783	234,471	293,859

5. Analysis of support costs

	Income fund	Total funds	Total funds
	2025	2025	2024
	£	£	£
Accountancy fees	5,640	5,640	6,040
Legal and professional fees	1,296	1,296	234
Total	6,936	6,936	6,274

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THE JOHN AND EMMA GALE HOME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 SEPTEMBER 2025

6. Independent examiner's remuneration

	2025	2024
	£	£
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts	1,200	1,200

7. Tangible fixed assets

Cost At 10 September 2024 Additions At 9 September 2025 Depreciation At 10 September 2024 Charge for the year At 9 September 2025 Net book value At 9 September 2025 At 9 September 2024	Freehold property £ 4,179,748 4,480
	4,184,228
	496,620 83,685
	580,305
	3,603,923
	3,683,128

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THE JOHN AND EMMA GALE HOME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 SEPTEMBER 2025

8. Fixed asset investments

Cost or valuation At 10 September 2024 Disposals Revaluations At 9 September 2025 Net book value At 9 September 2025 At 9 September 2024	Listed investments £ 480,779 (482) 37,269
	517,566
	517,566
	480,779

9.	Debtors
		2025	2024
		£	£
	Due within one year
	Other debtors	23,456	21,780

10. Creditors: Amounts falling due within one year

Trade creditors Accruals and deferred income	2025 £ - 12,279 12,279	2024 £ 19,573 8,224 27,797

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THE JOHN AND EMMA GALE HOME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 SEPTEMBER 2025

11. Summary of funds

Summary of funds - current year

Income fund Capital fund	Balance at 10 September 2024 £ 26,187 4,438,447 4,464,634	Income £ 186,740 - 186,740 Income £ 133,643 - 133,643	Expenditure £ (62,688) (171,783) (234,471) Expenditure £ (91,974) (201,885) (293,859)	Transfers in/out £ (6,596) 6,596 - Transfers in/out £ (53,564) 53,564 -	Gains/ (Losses) £ - 37,269 37,269 Gains/ (Losses) £ - 25,381 25,381	Balance at 9 September 2025 £ 143,643 4,310,529
						4,454,172
						Balance at 9 September 2024 £ 26,187 4,438,447
Summary of funds - prior year
Income fund Capital fund	Balance at 1 September 2023 £ 38,082 4,561,387 4,599,469
						4,464,634

12. Analysis of net assets between funds Analysis of net assets between funds - current year

Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total	Income fund 2025 £ - - 155,922 (12,279) 143,643	Capital funds 2025 £ 3,603,923 517,566 189,040 - 4,310,529	Total funds 2025 £ 3,603,923 517,566 344,962 (12,279)
			4,454,172

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THE JOHN AND EMMA GALE HOME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 SEPTEMBER 2025

12. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total	Income fund 2024 Capital fund 2024 £ £ - 3,683,128 - 480,779 53,984 274,540 (27,797) - 26,187 4,438,447	Total funds 2024 £ 3,683,128 480,779 328,524 (27,797) 4,464,634

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