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REGISTERED COMPANY NUMBER: 05306702 (England and Wales)
REGISTERED CHARITY NUMBER: 1160711














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 8 DECEMBER 2023

FOR

THE GEFRIN TRUST

THE GEFRIN TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 8 DECEMBER 2023










Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3

Notes to the Financial Statements 4 to 7

THE GEFRIN TRUST (REGISTERED NUMBER: 05306702)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 8 DECEMBER 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 8 December 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's Objective is for the preservation and conservation of the scheduled ancient monument known as Yeavering or Ad Gefrin and the advancement of education in all aspects relating to the history and importance of the site for public benefit.

FINANCIAL REVIEW
Principal funding sources
The Charity is primarily reliant on Environmental Stewardship grants from Natural England.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05306702 (England and Wales)

Registered Charity number
1160711

Registered office
Fowberry Mains Barns
Wooler
Northumberland
NE71 6EN

Trustees
B Cosgrove Teacher
Professor R J Cramp Archaeologist (Retired) (deceased 27.4.23)
J A Davidson BA (Hons), Dip Ed Retired
Dr C M Gerrard University Lecturer
C J Jones Archaelogist (resigned 31.7.24)
R Miket Retired
Dr D Petts University Lecturer
Dr S Semple University Lecturer
Mrs K J Wilson FSA Principle Advisor, English Heritage
P Topping Retired
Mrs J Beacham (appointed 31.7.24)
H Ferrand (appointed 31.7.24)
T Maxwell (appointed 31.7.24)

Approved by order of the board of trustees on 30 August 2024 and signed on its behalf by:



R Miket - Trustee

THE GEFRIN TRUST

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 8 DECEMBER 2023

2023 2022
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 969 6,922

EXPENDITURE ON
Charitable activities
Site Maintenance 890 300

Other 636 620
Total 1,526 920

NET INCOME/(EXPENDITURE) (557 ) 6,002


RECONCILIATION OF FUNDS
Total funds brought forward 26,543 20,541

TOTAL FUNDS CARRIED FORWARD 25,986 26,543

THE GEFRIN TRUST (REGISTERED NUMBER: 05306702)

BALANCE SHEET
8 DECEMBER 2023

2023 2022
Unrestricted Total
funds funds
Notes £    £   
CURRENT ASSETS
Cash at bank 26,957 27,331

CREDITORS
Amounts falling due within one year 5 (971 ) (788 )

NET CURRENT ASSETS 25,986 26,543

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,986

26,543

NET ASSETS 25,986 26,543
FUNDS 6
Unrestricted funds 25,986 26,543
TOTAL FUNDS 25,986 26,543

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 8 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 8 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 30 August 2024 and were signed on its behalf by:





R Miket - Trustee

THE GEFRIN TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 8 DECEMBER 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 8 December 2023 nor for the year ended 8 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 8 December 2023 nor for the year ended 8 December 2022.



THE GEFRIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 8 DECEMBER 2023


3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 6,922

EXPENDITURE ON
Charitable activities
Site Maintenance 300

Other 620
Total 920

NET INCOME 6,002


RECONCILIATION OF FUNDS
Total funds brought forward 20,541

TOTAL FUNDS CARRIED FORWARD 26,543

4. STAFF COSTS

There were no employees for the year ended 8 December 2023 nor for the year ended 8 December 2022.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 491 338
Accrued expenses 480 450
971 788

6. MOVEMENT IN FUNDS
Net
At movement At
9.12.22 in funds 8.12.23
£    £    £   
Unrestricted funds
General fund 16,543 (557 ) 15,986
Research and conservation fund 4,000 - 4,000
Publicity and educational fund 6,000 - 6,000
26,543 (557 ) 25,986
TOTAL FUNDS 26,543 (557 ) 25,986

THE GEFRIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 8 DECEMBER 2023


6. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 969 (1,526 ) (557 )

TOTAL FUNDS 969 (1,526 ) (557 )


Comparatives for movement in funds

Net
At movement At
9.12.21 in funds 8.12.22
£    £    £   
Unrestricted funds
General fund 10,541 6,002 16,543
Research and conservation fund 4,000 - 4,000
Publicity and educational fund 6,000 - 6,000
20,541 6,002 26,543
TOTAL FUNDS 20,541 6,002 26,543

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 6,922 (920 ) 6,002

TOTAL FUNDS 6,922 (920 ) 6,002


THE GEFRIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 8 DECEMBER 2023


7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 8 December 2023.