THE ANITA GOULDEN TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2021
THE ANITA GOULDEN TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| CONTENTS Trust information Trustees’ report Independent examiner’s report Statement of financial activities Balance sheet Notes to the financial statements |
Page 2 3 - 6 7 8 9 10 - 12 |
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THE ANITA GOULDEN TRUST
TRUST INFORMATION
TRUST INFORMATION
1004116 (registered on 11[th] September 1991) Mr David Thomas OBE (Chairman) Mr. Marcelo Scenna (Treasurer) Mrs. Annabel Buchan (until 16 December 2020) Mrs. Kate Arthur Mr. Hugo Goodson
Registered Charity Number:
Trustees: Mr David Thomas OBE (Chairman) Mr. Marcelo Scenna (Treasurer) Mrs. Annabel Buchan (until 16 December 2020) Mrs. Kate Arthur Mr. Hugo Goodson A new Trustee can be appointed at any time, but the total number must be no less than three and no more than nine. The power to appoint new Trustees is vested in the Trustees themselves.
Administration Address: P O Box 77029 London SW6 9PT Tel: 07956 494 033 e-mail: admin@anitagoulden.org Website: anitagoulden.org Independent Examiner: Mr Anthony Epton BA FCA CTA FCIE 75 Maygrove Road West Hampstead London NW6 2EG Bankers: Coutts & Co St Martin’s Office London WC2R 0QS Solicitors: Lee Bolton Monier-Williams 1 The Sanctuary Westminster London SW1P 3JT
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THE ANITA GOULDEN TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2021
Structure, Governance and Management
The Trust was established by Deed of Charitable Trust on 2[nd] September 1991, amended on 28[th] June 2007. It is managed on a day to day basis by the Administrator. Trustees are in frequent contact with each other and meet at least twice each year. All Trustees have an equal voice in decision making.
Objectives and Activities
The Trust was established to administer donations raised in the U.K. to support the work of Anita Goulden with disabled and disadvantaged children and young people in Peru. The Trust's objective is the relief of poverty, sickness and distress in South America, in particular among children, and its main activity has been and remains to provide support to The Anita Goulden Home for disabled and disadvantaged children and young people in the town of Piura, northern Peru.
Since the death of Anita Goulden, its founder and head, the Home has been run by Peruvian charitable associations, currently the Asociacion Civil Hogar Anita Goulden. The Home is housed in a building purchased for its use with funds donated by the Trust and owned by a Peruvian charitable company set up for the purpose. The Association and the Home now provide both residential and non-residential care and therapy exclusively to children and young people with physical and/or mental disability, mostly arising from infantile cerebral palsy and who are disadvantaged by poverty or other difficult home circumstances.
Financial Review
The Trust´s accounts are attached. I confirm that Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
The Trust received total donations of £84,792, down from £111,296 in the preceding year. Income from legacies was £1,220, down from £44,850.
Since Peru is effectively within the Dollar area in currency terms, The Home has asked the Trust to commit to an amount of funding that is fixed in US Dollars, currently US$24,000 per calendar quarter. To match this long-term commitment, the Trust holds a substantial amount of its reserves in Dollars, however this does create an exposure to currency fluctuations in the short term and the Trust suffered a loss in Sterling terms on its Dollar deposits of £15,541 as Sterling strengthened during the year.
After making donations to the Home of US$97,000, and incurring costs of £3,850, the Trust suffered a net reduction in reserves, which stood at £293,445 on 31 August 2021, down from £296,237 a year earlier, a fall of £2,792.
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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2021
THE ANITA GOULDEN TRUST
Achievements and performance
The number of Trustees was reduced to four upon the death of Mrs. Annabel Buchan in December 2020, and no new Trustees were appointed during the twelve months to 31 August 2021. Mrs. Buchan had resigned as Administrator of the Trust in July 2020, being replaced in that role by Katharine Stansfeld. Katharine has not offered herself for appointment as a Trustee. Trustees and the Administrator are volunteers and receive no remuneration from the Trust.
As well as being its Administrator, Annabel Buchan had provided the registered address of the Trust, and had been the main point of contact between the Trust and its supporters and service providers. Consequently, a new postal address and other communication channels had to be put in place, all of which was completed by October 2020.
Trustees keep in regular informal contact and two formal Trustees’ Meetings were held during the year. Due to restrictions put in place in response to the Covid19 pandemic, these meetings were all conducted online.
No Trustees visited the Home during the year, and because of the Covid pandemic, it was not possible for a visit by a representative of the Trustees to be arranged.
Publicity & Fundraising
The Trust’s website is the principal vehicle for keeping donors and supporters informed and for bringing the Trust to the attention of potential new donors. The Trust solicits donations through its website and through JustGiving. The Trust continued its use of the website for publishing up to date information on the Trust and the Home. News items are also circulated by email to donors or supporters who have asked to be on the mailing list. A Newsletter was produced in January 2021 and circulated to registered supporters by post and email.
The Anita Goulden Home
The Home provides residential care and treatment of children and young people with serious mental and/or physical disabilities, principally a result of infantile cerebral palsy, and many of whom require intensive nursing care and specialised therapy. Neurological assessments and treatment are provided free of charge by government services and, on a voluntary basis, by local medical professionals. Critical medical care is provided by a neighbourhood medical centre and, when required, by the local hospital.
Covid19 has been prevalent in Peru since March 2020 and the country has been among those most severely hit by the pandemic in terms of lives lost.
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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2021
THE ANITA GOULDEN TRUST
Curfews and movement restrictions to control the spread of the virus have had a major impact on the Home. During the year, no visits were allowed, including by residents’ families, Committee members of the charity that runs the Home and, for a substantial period, the doctors and health professionals who attend to the residents. Residents who normally attend school have been unable to do so. At the start of the outbreak, some families had taken their children out of the Home and the number of residents had fallen to 15, later reduced to 14 on the death of one adult resident. This number did not change through the year.
Policy in Peru had been to vaccinate those over the age of eighteen. Four residents of the Home fell into this category and all of them received two vaccine doses, administered by the local health authorities without them having to leave the Home.
During the year, the two-year term of office of the Committee members expired and a new Committee was elected.
Early in 2020, a new Manager of the Home had been appointed. When problems with her performance arose, her contract was terminated in October 2020. She contested the termination of the contract and reported the Home for failings in the storage of certain food items. The Committee has taken remedial measures, since approved by the authorities, and the dismissal of the Manager was upheld, although still subject to appeal. Since the end of the year under review, the Committee has appointed a new full-time Manager to run the Home.
Plans for the future
The Trust´s aim is to continue to promote and administer donations and legacies from the UK to fund the financial needs of the Anita Goulden Home. It will also provide oversight of the use of donations including, where possible and appropriate, providing advice to the local Committee in Piura. The Trust requires regular financial reports from the Home and maintains regular telephone and email contact with members of the local Committee. A visit to the Home by a representative of the Trustees will be arranged when it is permitted and safe to travel.
Reserves Policy
The Anita Goulden Trust was established to receive and administer donations in the UK to support the work of Anita Goulden with disabled and disadvantaged children and young people in Piura, Peru. Since the death of Anita Goulden, her work and her legacy have been continued in Peru by local organisations, currently the Asociacion Civil Hogar Anita Goulden (ACHAG).
Whilst the Trust’s reserves are technically unrestricted, the Trustees have interpreted the wishes of the donors as being exclusively to maintain Anita Goulden’s legacy by support of the Anita Goulden Home and activities related to it and its beneficiaries.
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THE ANITA GOULDEN TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 In the view of Trustees. reserves are required to meet periodic large or capitsl expenditures by the Home and to provide sutTicient certainty over firture availability of resources to enable ACHAG to plan and assume commitments over a rcax>nable time horizon. Periodically, and at least once a year. Trus*es prepare a forecast of rcserves using theirbest estimates of incoming funds. investment income, adminlstration wsts and the costs of running the Anita Goul(kn Home and its related programmes. The Tnte¢S consi&r the reserves tob¢ at an aeptable level provided that the forecast shows reserves being exhausted in between 5 and 10 years. At the years. Conclusion The year und¢r review has seen 8)d prow in the organi10 of both the Tn and the Hom The Home is w¢ll plattd restore full 010n as on as the CA)urs¢ of the Covid pandemic allows. The Tnt'S financial results were satisfactory and Tnistees. reserves w>licy has been met. David Thomaj Chairman The Anits Goulden Trust
THE ANITA GOULDEN TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE ANITA GOULDEN TRUST
I report to the trustees on my examination of the accounts of The Anita Goulden Trust for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG
3 August 2022
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THE ANITA GOULDEN TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
Income from: Donations and legacies Investment Income Total income Expenditure on: Charitable Activities Total expenditure Net (expenditure)/income for the year Net movement in funds Funds balances brought Funds carried forward |
Total Total Unrestricted Funds Funds Note Funds 2021 2020 £ £ £ 2 86,012 86,012 156,146 3 2,297 2,297 2,929 _ _ _ 88,309 88,309 159,075 _ _ _ 4 91,101 91,101 79,713 _ _ _ 91,101 91,101 79,713 _ _ _ (2,792) (2,792) 79,362 _ _ _ (2,792) (2,792) 79,362 296,237 296,237 216,875 _ _ _ 293,445 293,445 296,237 ====== ====== ====== |
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The attached notes form part of these accounts.
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THE AMTA GOULDEN TRUST BALANCE SHEET AS AT 31 AUGUST 2021 2021 2020 Note Fixed Assets Tangible Fixed Assets Currenl Assets Cash at bank and in hand 294.399 297,191 Current Liabilities Creditors (954) (954) Net urrent Assets 293.445 296.237 Net Asgets 293.445 296.237 Unrestricted Funds 293,445 296.237 Approved by the Board of Trustees on 15 February 2022 and signed on its behalf by Truslee David Thomas OBE Trustee Marcelo Seenn• The attached notes forn) wt of these financial statements.
THE ANITA GOULDEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1. Accounting Policies
a) Basis of preparation
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP FRS 102) and Charities Act 2011.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
b) Reconciliation with previously Generally Accepted Accounting Practice (GAAP)
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was required.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution.
d) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
e) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have
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THE ANITA GOULDEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1 Accounting policies (continued)
decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
f) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
g) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
h) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
i) Foreign exchange
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date. Exchange gains or losses are taken to the SOFA.
2.
3.
| gains or losses are taken to the SOFA. | ||
|---|---|---|
| Donations and legacies | 2021 | 2020 |
| £ | £ | |
| Legacies | 1,220 | 44,850 |
| Gift Aid and Covenanted Donations | 3,937 | 29,006 |
| Other Donations | 80,855 | 82,290 |
| _ | _ | |
| Total donations and legacies | £86,012 | £156,146 |
| ====== | ====== | |
| Investment income | 2021 | 2020 |
| £ | £ | |
| Interest received | 2,297 | 2,929 |
| _ | _ | |
| Total investment income | £2,297 | £2,929 |
| ====== | ====== |
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THE ANITA GOULDEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
/Continued ……..
| 4. 5. |
Charitable Activities 2021 2020 £ £ Grants – relief of poverty and distress 71,494 73,903 Support costs: Printing, postage and stationery 278 505 Bank charges 1,964 1,566 Independent examination 1,068 1,040 Sundry 45 908 Trustees` expenses - 54 Exchange gains/(loss) 15,541 1,563 Advertising 495 174 _ _ £90,885 £79,713 ====== ====== Creditors 2021 2020 £ £ Independent Examination 853 853 Other creditors 101 101 __ ___ 954 954 ===== ===== |
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6 . Emoluments of the trustees
Trustees did not receive a remuneration during the year (2020: Nil).
There were no employees in the year (2020: none). There were no employee benefits payments to key management personnel in the year (2020: Nil).
7. Related party transactions
There are no related party transactions to disclose for 2021 (2020: Nil).
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