THE GIBSON FLEMING SCHOLARSHIP TRUST
THE PRIMARY OBJECTS OF THIS CHARITABLE TRUST ARE TO PROVIDE CHARITABLE BURSARIES AND SCHOLARSHIPS FOR BOYS AND GIRLS AT ELIZABETH COLLEGE, GUERNSEY, AND FOR SUCH STUDENTS' FURTHER EDUCATION THEREAFTER.
Objects
"ELIZABETH COLLEGE" SHALL MEAN ELIZABETH COLLEGE AT GUERNSEY IN THE CHANNEL ISLANDS.I) THE PROVISION OF SCHOLARSHIPS FOR THE EDUCATION OF BOYS AND GIRLS AT ELIZABETH COLLEGE AND II) IN THE CASE OF BOYS AND GIRLS WHO SHALL HAVE BEEN IN RECEIPT OF SUCH SCHOLARSHIPS AT ELIZABETH COLLEGE THE PROVISION WHEN AND IF THE TRUSTEES IN THEIR DISCRETION THINK FIT OF GRANTS FOR THEIR FURTHER EDUCATION (WHETHER GENERAL OR SPECIALISED) ELSEWHERE THEREAFTER------- "THE RESIDUARY OBJECTS OF THE TRUST" SHALL MEAN THE EDUCATION (WHETHER GENERAL OR SPECIALISED) OF BOYS AND GIRLS IN THE CHANNEL ISLANDS AND THE UNITED KINGDOM AND IN PARTICULAR (BUT WITHOUT LIMITING THE GENERALITY OF THE FOREGOING) IN GUERNSEY AND IN SCOTLAND.
Financial health, per its FY2025 accounts
The accounts state that unrestricted free reserves were £34,969 against a policy target of covering twelve months of outgoings, which the trustees consider sufficient. The charity reported a net increase in total assets of £30,138, driven by investment income and sales, while charitable grants paid totaled £11,151. The trustees confirmed that assets are adequate to meet current obligations despite noting turbulent market conditions.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds sufficient to cover the charity's outgoings for the forthcoming twelve month period” — page 5
Policies the charity declares
- Complaints policy and procedures
- Conflicting interests
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- Advocate Russell Clark
- Andrew Patrick Warren
- JURAT PETER SEAN TRUEMAN GIRARD
- Jurat Richard Jeremy James
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £35k | £21k |
| 31/03/2024 | £37k | £22k |
| 31/03/2023 | £35k | £19k |
| 05/04/2022 | £31k | £8k |
| 05/04/2021 | £32k | £8k |
Common questions
Is THE GIBSON FLEMING SCHOLARSHIP TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted free reserves were £34,969 against a policy target of covering twelve months of outgoings, which the trustees consider sufficient. The charity reported a net increase in total assets of £30,138, driven by investment income and sales, while charitable grants paid totaled £11,151. The trustees confirmed that assets are adequate to meet current obligations despite noting turbulent market conditions. Its FY2025 accounts were independently examined.