## THE ANITA GOULDEN TRUST ## REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 THE ANITA GOULDEN TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |CONTENTS

Trust information
Trustees’ report
Independent examiner’s report
Statement of financial activities
Balance sheet
Notes to the financial statements|Page
2
3 - 6
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8
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10 - 12| |---|---| 1 ## THE ANITA GOULDEN TRUST TRUST INFORMATION Registered Charity Number: 1004116 (registered on 11[th] September 1991) Trustees: Mr David Thomas OBE (Chairman) Mr. Marcelo Scenna (Treasurer) 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: 07740 699 555 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 2 THE ANITA GOULDEN TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024 ## 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 £95,603, up from £81,857in the preceding year. Income from legacies was £Nil, down from £4,273. 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 registered a loss in Sterling terms on its Dollar deposits of £802 during the year. After making donations to the Home of US$99,500, and incurring costs of £4.259, the Trust achieved a net increase in reserves, which stood at £432,954 on 31 August 2024, up from £410,947 a year earlier. 3 THE ANITA GOULDEN TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024 ## Achievements and performance There were no changes of Trustees during the year. Katharine Stansfeld was Administrator of the Trust throughout the year and resigned from the role with effect from 1[st] September 2024. Trustees and the Administrator are volunteers and receive no remuneration from the Trust. It is hoped that a new volunteer Administrator will be found. Trustees keep in regular informal contact and two formal Trustees’ Meetings were held during the year. The trustees who reside overseas participate in the meetings online. No Trustees visited the Home during the year, but the Trust has held regular conference calls with the local Committee that is responsible for the running of the Home. These calls serve to keep the Trust informed of conditions in Piura and at the Home and for Trustees to provide advice to the Committee where appropriate. ## 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 has also opened an account on LinkedIn. 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 December 2023 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. The Peruvian charitable Association that runs the Home has about 20 members and is led by a local Committee, whose two-year term of office began in October 2023 and which meets regularly. The Home requires careful financial management, but the local community gives a lot of support. Local companies, individual donors and voluntary organisations make regular donations in kind, which together provide almost all the Home’s requirements for food, medicines and supplies. The Home also benefits from donations of food under local government social programmes. The Committee has undertaken some extensive building maintenance, principally related to the installation of a new roof, providing much improved conditions, especially natural light, for its residents. The Trust is grateful to one of its long-established donors, who made a special additional donation to assist with the funding of the new roof at the Home. 4 THE ANITA GOULDEN TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024 In June 2024, one of the young residents underwent complex surgery to repair a painful pelvic displacement. The procedure was done free of charge by a local hospital and a surgeon who had travelled from Lima, in the absence of a suitably qualified surgeon in Piura. The Home has been able to carry out its normal routines and activities, including recreational outings for residents, and visits by families, medical professionals, local Committee members and volunteers. The residents that attend a special school outside the Home now have a van to take them, rather than the much less secure motorcycles that had been used. The local Committee’s principal concern is now related to staff matters. They are being advised, throughout this process, by local lawyers who are also giving their time voluntarily. A review of the employment status of their nurses has determined that, despite being a not-for-profit organisation, the Home must follow the labour regulations applying to private businesses, including a 36-hour week for the nurse technicians who are considered as health care professionals, rather than the 48 hours they have been working. Some retrospective overtime and holiday pay has been paid to the affected staff. The Committee was able to do this out of local reserves. The shorter working hours will require an increase in staff numbers, and recruitment has already begun. The Committee is also planning to appoint a Coordinator of the nursing staff with a view to achieving better productivity of the teams whilst maintaining the quality of the care and therapy that they provide. ## 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 by receiving regular financial reports from the Home. The Trust will continue its conversations with the local Committee on their staff matters and will carefully consider any request for additional funding to address them. ## 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. In the view of Trustees, reserves are required to meet periodic large or capital expenditures by the Home and to provide sufficient certainty over future availability of resources to enable ACHAG to plan and assume commitments over a reasonable time horizon. 5 THE ANITA GOULDEN TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Periodically, and at least once a year, Trustees prepare a forecast of reserves using their best estimates of incoming funds, investment income, administration costs and the costs of running the Anita Goulden Home and its related programmes. The Trustees consider the reserves to be at an acceptable level provided that the forecast shows reserves being exhausted in between 5 and 10 years. At the date of these accounts, the forecast indicated that funds would be exhausted in approximately 7 years. ## Conclusion The year under review has seen good performance at the Home, with the full range of therapeutic and recreational activity being carried out. Cost pressures and salary demands will, however need to be managed in the coming year. The Trust has worked effectively and maintained good contact with the ACHAG Committee. Its financial results were satisfactory and the Trustees’ reserves policy has been met. **David Thomas Chairman The Anita Goulden Trust** 6 THE ANITA GOULDEN TRUST TRUSTEES OF THE ANITA GOULDEN TRUST ## INDEPENDENT EXAMINER’S REPORT TO THE I report to the trustees on my examination of the accounts of The Anita Goulden Trust for the year ended 31 August 2024. ## **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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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. 29/11/2024 Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG 7 ## THE ANITA GOULDEN TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 |
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 2024 2023
£ £
£
2
95,603
95,603
86,130
3
6,304
6,304
1,647
_______
_______
_______
101,907
101,907
87,777
4
79,900
79,900
70,948
_______
_______
_______
79,900
79,900
70,948
_______
_______
_______
22,007
22,007
16,829
_______
_______
_______
22,007
22,007
16,829
410,947
410,947
394,118
_______
_______
_______
432,954
432,954
410,947
====== ====== ======| |---|---| The attached notes form part of these accounts. 8 Tiif ANITA GOULDf.N TRUST BALAN'CE SIILET AS AT 31 AUGUST 2024 2024 2023 Note Fixcd Asscts Tangible Fixed Assets Current Assets Cash at bank and in hand 434,315 412,308 Current l.iahllitie$ Creditors {1,361) (1,361) Net Current Assets 43?.954 410,947 Net Assets 432,954 410,947 Funds Unrestricted Funds 432,954 410,947 Approved by the Board of Trustees on and signed on its behalf by Trustee 2911112024 Da￿d Thomas OBE Trustee 2911112024 Marcelo Scenna The attached notes fonn part of these financial statements. THE ANITA GOULDEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ## **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 10 THE ANITA GOULDEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ## **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. ||gains or losses are taken to the SOFA.||| |---|---|---|---| |**2.**|**Donations and legacies**|2024|2023| |||£|£| ||Legacies|-|4,273| ||Gift Aid and Covenanted Donations|21,051|8,603| ||Other Donations|74,552|73,254| |||_______|_______| ||**Total donations and legacies**|£95,603|£86,130| |||======|======| |**3.**|**Investment income**|2024|2023| |||£|£| ||Interest received|6,304|1,647| |||_______|_______| ||**Total investment income**|£6,304|£1,647| |||======|======| 11 ## THE ANITA GOULDEN TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 /Continued …….. |**4.**
**5.**|**Charitable Activities**
2024
2023
£
£
Grants – relief of poverty and distress
75,641
80,691
Support costs:
Printing, postage and stationery
330
300
Bank charges
1,046
1,368
Independent examination
1,307
1,565
Sundry
-
-
Exchange (gains)/loss
802
(13,681)
Advertising
774
705
_______
_______
£79,900
£70,948
======
======
**Creditors**
2024
2023
£
£
Independent Examination
1,260
1,260
Other creditors
101
101
______
_____
1,361
1,361
=====
=====| |---|---| ## **6** . **Emoluments of the trustees** Trustees did not receive a remuneration during the year (2023: Nil). There were no employees in the year (2023: none). There were no employee benefits payments to key management personnel in the year (2023: Nil). ## **7. Related party transactions** There are no related party transactions to disclose for 2024 (2023: Nil). 12