Charity Accounts Intelreading the accounts so you don’t have to

THE DAVID GIBBONS FOUNDATION

Registered charity 1134727 · accounts filings on the Charity Commission register

Latest income
£124k
Latest spending
£176k
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity operates a 'zero level policy' for unrestricted reserves, aiming to spend all available investment income annually rather than building up reserves. Per the trustees' report, unrestricted funds stood at £58,532, bolstered by unspent capital withdrawals, while the charity distributed the highest amount of grants since its inception. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: zero level policy (held: £59k)
“In the Unrestricted Fund the Trustees operated a 'zero level policy', aiming ta spend eaoh year all the income avallabfe to them from Investments (after allowing for minimal office expenses). It is not the intention of the Trustees to build up Unrestricted Reserves.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The David Gibbons Foundation shares resources and the services of a Trust Manager, employed by the Gibbons Family Trust. During the year these costs were shared equally, and the David Gibbons Foundation reimburses the Gibbons Family Trust for half of these costs retrospectively on a quarterly basis. The Charity paid an additional amount of £16,707 to the Gibbons Family Trust in April 2022 in lieu of administration and governance costs, not already reimbursed, in the year to 31 March 2022.
“The David Gibbons Foundation shares resources and the services of a Trust Manager, employed by the Gibbons Family Trust. Dudng the year these costs were shared equally, and the David Gibbons Foundation reimburses the Gibbons Family Trust for half of these costs retrospectively on a quarterly basis.” — page 14
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Devon

Income and spending

Financial year endIncomeSpending
31/03/2026£124k£176k
31/03/2025£125k£213k
31/03/2024£124k£169k
31/03/2023£124k£166k
31/03/2022£125k£133k

Common questions

Is THE DAVID GIBBONS FOUNDATION financially healthy?

The accounts state that the charity operates a 'zero level policy' for unrestricted reserves, aiming to spend all available investment income annually rather than building up reserves. Per the trustees' report, unrestricted funds stood at £58,532, bolstered by unspent capital withdrawals, while the charity distributed the highest amount of grants since its inception. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were independently examined.