| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED |
| (A COMPANY LIMITED BY GUARANTEE) |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED |
| (A COMPANY LIMITED BY GUARANTEE) |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 9 |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00974689) |
| Report of the Trustees |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 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 31 March 2025. 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 objective of the charitable company was that of research into the design of interior hospital space and instruments auxiliary to the medical profession, together with the dissemination of knowledge gained through courses, publications and the training of colour therapists. |
| Significant activities |
| During the year, the charitable company focused its activities on providing sponsorship of a student for the purpose of training and research into colour, light and art therapy. |
| Public benefit |
| The Theo Gimbel Charitable Trust meets the definition of a public benefit entity under FRS 102. The trustees confirm that they have considered the Charity Commission's guidance on public benefit. The main activities undertaken by the charitable company to further the charity's purposes for the public benefit are those of the sponsorship of a student for the purpose of training and research into colour, light and art therapy. |
| Grantmaking |
| The charitable company makes grants in accordance with its objectives and aims. |
| FINANCIAL REVIEW |
| Financial position |
| At 31 March 2025 the charitable company's net assets were £96,919 (2024: £102,545). |
| Reserves policy |
| The charitable company maintains a sufficient level of reserves to cater for future expected activities. |
| FUTURE PLANS |
| The charitable company remains financially secure and the trustees intend to focus its activities in the sponsorship of students for research into colour, light and art therapy. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is a charitable company limited by guarantee and was set up on 16th March 1970. It is governed by its memorandum and articles of association. |
| Recruitment and appointment of new trustees |
| The charitable company will follow the Charity Commission's guidance should the need occur to appoint new trustees. |
| Organisational structure |
| The charitable company is managed by its two trustees who meet annually to make formal decisions regarding the structure and activity of the charitable company. |
| Risk management |
| The major risks to which the charitable company is exposed, as identified by the trustees, have been reviewed and systems established to manage those risks. |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00974689) |
| Report of the Trustees |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Bankers |
| Lloyds Bank plc |
| 12 Rowcroft |
| Stroud |
| Gloucestershire |
| GL5 3BD |
| Accountants |
| Gravita Chartered Accountants |
| Bath House |
| 6-8 Bath Street |
| Bristol |
| BS1 6HL |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| Approved by order of the board of trustees on |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED |
| Statement of Financial Activities |
| (Incorporating an Income and Expenditure Account) |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Other trading activities | 2 |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 102,545 |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00974689) |
| Balance Sheet |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks | 6 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 8 |
| Unrestricted funds | 102,545 |
| TOTAL FUNDS | 102,545 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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. |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00974689) |
| Balance Sheet - continued |
| 31 MARCH 2025 |
| 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 |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 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. |
| The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
| The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below: |
| 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. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures and fittings | - |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. |
| 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. |
| Financial instruments |
| The charitable company 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. The liquid funds of bank balances are shown at their realisable values. |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2. | OTHER TRADING ACTIVITIES |
| 2025 | 2024 |
| £ | £ |
| Merchandising income |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 102,545 |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 April 2024 and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Merchandise |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Accrued expenses |
| 8. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.4.24 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 102,545 | (5,626 | ) | 96,919 |
| TOTAL FUNDS | (5,626 | ) | 96,919 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 163 | (5,789 | ) | (5,626 | ) |
| TOTAL FUNDS | ( |
) | (5,626 | ) |
| THE THEO GIMBEL CHARITABLE TRUST LIMITED |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 8. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.4.23 | in funds | 31.3.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 107,453 | (4,908 | ) | 102,545 |
| TOTAL FUNDS | 107,453 | (4,908 | ) | 102,545 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | - | (4,908 | ) | (4,908 | ) |
| TOTAL FUNDS | - | (4,908 | ) | (4,908 | ) |
| 9. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the year ended 31 March 2025 or the year ended 31 March 2024. |