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← Gaul Trust

2025-06-30-accounts

GAUL TRUST

SC002023

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees: Reverend Gregor McIntyre, Interim Moderator for Clydebank Waterfront Parish Church Karen Murray Conaghan, Provost Hazel Sorrell, Depute Provost

Charity Number:

SC002023

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Bankers: Bank of Scotland 94/102 High Street Dumbarton G82 1PQ

Auditor:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025

The trustees present their report along with the financial statements of the Gaul Trust for the financial year ended 30th June 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Deed of Declaration, the Charities Act 1993 and the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS102) and the Charities Accounts (Scotland) Regulations 2006 (as amended).

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STRUCTURE, GOVERNANCE AND MANAGEMENT

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The Trust is an unincorporated trust, constituted under a- Deed of Declaration dated 3rd March 1933 and is a registered charity, number SC002023. The Trust was established by an initial gift from William Gaul, plumber, with the intention of paying out three fourths of the accruing income to any of the following:

Trustees are appointed to the Gaul Trust when they take over the role of Provost or Deputy Provost of West Dunbartonshire Council and the chairperson is the Minister of the Clydebank Waterfront Parish Church.

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OBJECTIVES AND ACTIVITIES

The Gaul Trust receives applications for grants from various charities which are considered by the Trustees and must meet the terms of the Trust Deed of Declaration dated 6th February 1933. The Trustees, can grant up to three fourths of the available monies to the following Institutions:

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Whilst one fourth must be retained for the payment of repairs, or accumulated to add to capital so as to increase the assets of the Gaul Trust.

The annual accounts are presented at the annual Trustees’ meeting and consideration is given to grants to be made from the profits of the year. The investment fund has been divided between fixed term and short term investments. The fixed term investment policy has been renewed with the Virgin Money in order to maximise investment income.

ACHIEVEMENTS AND PERFORMANCE

The investment portfolio is held in a fixed term investment with West Dunbartonshire Council. The fixed term investment with Virgin Money has been extended for a period of 12 months. During the year there were distributions of £200 to eight different charities totalling £1,600.

FINANCIAL REVIEW

The Trust achieved income of £2,362 for the financial year 2024/2025 of which £1,772 is taken from the funds available for distribution and £590 is held as a general reserve in line with the terms of the trust. The total amount available for distribution is £1,867.

The investment with West Dunbartonshire Council earned interest of £1,281.

The total reserves held by the Charity as at 30 June 2025 are £84,268. These funds are held for investment purposes to provide income for future charitable donations.

There were no transactions between the charity and trustees and no expenses were paid to trustees.

Trustee: Karen Murray Conaghan

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Provost

West Dunbartonshire Council

Karen Murray Consphowes

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The Gaul Trust

Charity Number: $C002023

Statement of Financial Activities far the year end 30th June 2025

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Unrestricted Restricted
Total Funds Funds Total
2024/25 2024/25 2024/25 2023/24 °
£ £ £ £
100% 75% 25% 100%
Income from:
Investments
West Dunbartonshire Council 1,281 961 320 1,273
Virgin Money 1,081 811 270 837
Total Note 4 2,362 1,772 590 2,110
Expenditure on: ,
Charitable Activities (1,600) (1,600) () (1,000)
Total Note 3 (1,600) (1,600) 0 (1,000)
Net Income/Expenditure for the year before transfers 762 172 590 1,110
Net Movement in Funds 762 172 590 1,110
Reconciliation of Funds
Total funds brought forward Note 8 83,506 1,695 81,811 82,396
Total Funds carried forward 84,268 1,867 82,401 83,506
Trustee: KarenProvost Murray Conaghan K ase Murray GPua [hoe] A [A]
West Dunbartonshire Council
Date "26/01/2026
Prepared by: Laurence Slavin yee .
Chief Officer - Resources aie
West Dunbartonshire Council
Date 26/01/2026
| have examined the above financial statements which is in accordance with the records, information and
explanations presented to me: .
Audited by: Andi Priestman 1
Shared Service Manager, Audit & Manager, Audit & Audit & & Fraud Mut? wohya
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Audited by: Andi Priestman Shared Service Manager, Audit & Manager, Audit & Audit & & Fraud West Dunbartonshire Council

Date

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30/06/2025
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The Gaul Trust

Charity Number: $C002023

Balance Sheet as at 30th June 2025

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Total Funds Prior Year Funds
24/25 23/24
Current Assets
Bank Note 4 83,829 83,069
Debtors Note 5 439 . 437
Total Current Assets ‘ 84,268 83,506
Current Liabilities
Creditors Note 6 - -
Total Current Liabilities - : -
Total Assets less Current Liabilities 84,268 83,506
The Funds of the Charity
Endowment Fund Distributable Note 8 1,867 1,695
Non distributable Note 8 82,401 81,811
Total 84,268 83,506
Trustee: Karen Murray Conaghan 0 |
Provost Kasur Mureat . J
West Dunbartonshire Council
Date 26/01/2026
Hazel Sorrell 4 OSermal
Deputy Provost f Md?
West Dunbartonshire Council
Date 26/01/2026
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The Gaul Trust Charity Number: SC002023 Statement of Accounts for the Year Ended 30th June 2025

Notes to the Financial Statements for the Year Ended 30 June 2025

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1 The financial statement have been preparedunderthe historical cost convention in accordance with the Statement of The financial statement have been preparedunderthe historical cost convention in accordance with the Statement of The financial statement have been preparedunderthe historical cost convention in accordance with the Statement of The financial statement have been preparedunderthe historical cost convention in accordance with the Statement of The financial statement have been preparedunderthe historical cost convention in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities (FRS102) and the CharitiesAccounts (Scotland) Regulations
2006 (as amended). :
2 Governance Costs
There are no Governance Costs.
3 Charitable Activities
Charitable expenses arecharged underthe unrestricted funds.
24/25 23/24
£ £
Total Charitable Activities Note 7 1,600 1,000
4 Bank Deposits
24/25 23/24
£ £
Bank ofScotland 1,824 2,143
Virgin Money FixedTerm Investment 26,115 25,036
WestDunbartonshire Council 55,890 55,890
Total 83,829 83,069
5 Debtors - Prepayments &Accrued Income
24/25 23/24
£ £
West Dunbartonshire Council Investment - 0
Virgin Money FixedTerm Deposit 439 437
As at30June 2025 439 437
6 Creditors
24/25 23/24
£ £
West Dunbartonshire Council Investment 0 i)
As at 30 June 2025 0 0
7 Outgoing Resources - Donations paid duringthe year:
24/25 23/24
£ £
Erskine Hospital 200 125
Marie Curie Cancer Care 200 125
Children's HospiceAssociation Scotland 200 125 :
Clydebank Stroke Club 200 125
Scottish Huntington's Association 200 125
St Margaret's Hospice 200 125
Deafblind Scotland 200 125
PBC Foundation .
200		 125
Total 1,600 1,000
8 Outline Summary ofFund Movements
Fund Fund
Balances Incoming/ Balances
brought Outgoing carried
: forward Resources forward
£ £ £
Distributable Funds 1,695 172 1,867
Undistributable Funds 81,811 590 82,401
TotalFunds 83,506 762 84,268

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APPENDIX 3

Office of the Scottish Charity Regulator

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_ Independent examiner’s report onthe accounts ws.
Report to the |Charityname - ‘
trustees/membersof |gai) Trust
Registered charity |SC002023 vee,epeeSe es Set. Fide sheG
number ¥ E
On the accounts of the __ Period start date Period end date
charity for the period |v Month so GO Nase Dayaretes |MSN Se an Weer) =
01 07 2024 to 30 06 | 2025
"Set out on pages hummbersof adationel shes)
Respective | The charity's trustees are responsible for the preparation of the accounts in accordance
responsibilities of _ with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
trustees and examiner | Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees
| consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations
does not apply. It is my responsibility to examine the accounts as required under
| section 44(1) (c) of the Act and to state whether particular matters have come to my |
; attention.
Basis of independent | My examination is carried cout in accordance with Regulation 11 of the 2006 Accounts
examiner’stap? statement | Regulations.‘ An examination; includes a review of the accounting; records kept by5 the
| charity and a comparison of the accounts presented with those records. It also includes |
consideration of any unusual items or disclosures in the accounts and seeks
explanations from the trustees concerning any such matters. The procedures
_ undertaken do not provide all the evidence that would be required in an audit and, |
consequently, | do not express an audit opinion on the view given by the accounts. |
Independent examiner's | In the course [of] [my][ examination,] [no][ matter] [has] [come] [to][ my][ attention] |
statement 4. which gives me reasonable cause to believe that in any material respect the
requirements:
to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations, and
| * toRegulation prepare accounts9 of the 2006 whichAccounts accord withRegulations the accounting records and comply with ||
| have not been met, or |
|
2. to which, in my opinion, attention should be drawn in order to enable a proper
| understanding of the accounts to be reached.
Signed: ao. rosy pis a age | Dates ! 30 June p695 wok
Relevant Name: /ANDI PRIESTMAN E et? a bai
professional Chartered institute of Internal Auditors (CMIIA)
qualification(s) or body Shared Service Manager — Audit & Fraud
(if any): Westoi Dunbartonshire Council .
Addfege: ChubehStfestReee SteTee FFE ee eere|
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*Please delete the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the following page.

APPENDIX 3

Only complete if the examiner needs to highlight material problems.

Give here brief details of any items that the examiner wishes to disclose