ChArity r¢8iStration nunibev. 1063741 GT Foundation Annual R4rt and Fin8n¢lal StAtemenls for the Year Ended 30 June 2024
GT Foundation Contents (eontlnued) Roferenc4 artd Administrntive DetsilJ Truathd Report Statomeiit of Twste&* Re8ponsibilltles Indep¢ndetil Bxamln¢Ps Report Slatement of Flnan¢lal Activltl B41an¢¢ She¢¢ Notcs to the Finoncial Ststttn¢nts 7t015
GT FoundAtion Reference and Admliiistrative D¢lalls Truste Mr T M Mohsan Mrz MOln Mr Philip Attdrew Walker 1063741 Ch4rlty Regl81i'Atlon Nurnb¢r PrlnelyAI Ornee Timtt T1hnol PU Bl&ckburn Road Slmonstone Bumley BB12 7TY Peaks & V4lleys Bine&S EnbaDcLTht Urnited FhEt Fl<yJr, Block C Tb¢ Whorf Biirnl¢y BBII IJO Ludtpend¢llt Rx8mlner Page I
GT Foundation Truslees, Repoi'l Tliy liiislees pirsen¢ Iho annual report togciher with thc financial slatents of th¢ cliority foi" Ihe yeui. ended 30 Jiirtt 2024. Oblectlyes nNd Aelfvltie ibll¢ llejI¢ Thi. pi'iiicipal activity of ihe Lh#iyLy is (o #dvan¢e Ihc cduLiiiion ofthe piiblic in IsluniiL LUStL)Ins ottd rrligious ii)alteis. Tlii% Is 3chiei'ed by InakinE avtsilEblc for ¢horilable uses Ilie PTOPCILiC8 owicd by ilie cliaiity 8rid iii Ii'liL'ulor. bul Iiul ex¢lusiYcly. by eslMbli5hin8 aiid u styliuol llnd by JnJking gThnls and donations lu ch¢lrilabl£ organisa(ioiis. Addiliotyally, ¢0 piY)mote digiial in¢lusithi of under privileged s0¢io-e¢onomic LJNIup5 'io subsidised iNt¢iJet tynd l¢l¢phoDy 5en'iccs. Tlie Irustecs c(Hifirm th81 ihey huv¢ cumpli¢d wilh ihe rcquir¢menls of s¢'¢lti)n 17 of fhe Ch8rilies Al 201110 hav¢ due regoi'd tn Ilie public IJ)er1¢ guid&t)c¢ 11.%hed by Ille Cliariiy Con)mi.%si(Jii for Englaiid and Wal<%, FliithnL,l*l Insti'umonts Objtells nndpolici&f 'riie chai'ily's a¢livities exSe it to a nL7mber of finaneial ri%ks includln8 ryedil I'isk, 3h floiy risk and liqiiidiry I'isk. 'I'h¢ usc ol- linoiicial dei'ivalives is govenivd by the Lhurily's policies appiDved b). Ihc hoard ot. Ii'iislee8, vl)idi PTI)vidc i>Llen principles on the use of finuncial deril'alives lo m8nag¢ thesc ri8ks. The Lhai'ily does iiul Iisc dorlv&livc tiii&neiol instnimcnts lor spteullliive piirw)3C Cr¥dil rl.¥k The eharily's PTinciplll finoi)cial assels ire bsnk lyalan¢¢s ond cash, Irnde ¥bnd other iecetvable5. and inv¢slmenls. 'I'lie difiiity'x credil risk 15 primarily fjiiribiitsblc to its lide r¢¢¢ivllbl¢s. Th¢ amoiiii15 piesented iii Ihe blllance she¢t g1.¢ n¢1 of ollowonees foi. doubtful L'eccivabl¢8. An alloiitnee foi. ilnFKLIIIIILllI is mad¥ 4¥ht ih¢ir IE ali identified loss cvenl Ivhidi. bascd oil yicvious upcricncc, is evid¢iice org r¢du¢iioii in the r¢¢oi'erubility ol'lhe cash IIoiY5. Llqiilillly rljk Iii oi'd¢i' to muinlui21 liquidily lo cnsure ihal surrici¢ni fuiids iirc &Yailable for ongoing operlllions aiid fuluj d¢v¢lo)pmciils, Ilie cl)c1flty uses a mixlure of l¢)ng4emi aiid s110rt-lemi d¢bi finai?¢¢. Fui'lhL'I' details r¢L¥ni'di118 liqiiidity risk cwi Ix found in ihl Slalunent nf thccouiiliiig EMAicies iii Ilie finaii¢iul siaieitt¢ttis. The aiinu81 i'epoyl approved by ilie IteeS ofihc diaL'i¢y ¢)n.................... Aiid sigiied on its belittifb),: Mi. 7 Nlolispn ri'UsIc¢ Pa8¢ 2
CT fioiindation Statement of Trustees, Responsibililies Th¢ IIiLSteLS arc rcspot)sible 101. Prerill8 the iiwstees, repo¥l und ihL linaneinl sto¢ciiienlS in acc()rdancc iviih Ihe UiiitLxI Kingdoin All()till8 SIMIKlurds' Iuniie(l King¢kni GciKrall)' ALcepled A¢¢(buntiiie PraLlic¢) thid npplicubl¥ Iiiii. rLg¥ilalioEIs. The lilll, iippIiLiible 10 LhaiiliLS fLNiiircs ihL Irust¢Ls ty wepure finun¥iHI stsitClllLiil¥ foi. eu¥h fiL)¥nLiiII )ieiir iiliiL,II giv¢ ki t¥UL at)d tllii. Vi]r ot thL 81olc ol. tslTair.% uf ihc ¢hariiy ol. thc incoming It50ufLes aiid &ppli¢aLion or r¢sOuVLL l)i' IIIL Lhiiriry fui. Ihat period. In pi'rwi'iii¥ Il)ew fii)aiiLial siaic1ints, tlic I11¥5 aiL' r¢¢iuircd In.. sLlcLt 5ui1lblc ftCLOlllItIll8 policies 14 ihcn ttpply (liei)) ¢onsisiciitly'. ob5¢1'vc IIIL m¢ihod$ anil pl.incipl in the Charities SnRP- InThke judgemeiils eslinial¢S ihai arc re0s07bJc and pnKknl: ,$IAIL Iiil)¢ih¢r ypplicnble ultTrI1g sitsndurds hnvL bciyi fulluivul. Mibje¢l lu wiy malei'illl ii¢partui¢s disLlI)sed aiid &xplainLd iii iliL linancial Aaiemeiits. atMI l)leP¢1re Ili# finJii¢1I %uieiiient% Ilie wing cDncern h&%is iinlcss il is inapiimprialc 11> i)r&suiiic Iliai ¢h¢ Lh4YiL)i H'jll iunlinuv in businesb. The iiii%i¢es ale resiN)nsible lor keeping prupLr acwui)ling recDrd% I1 di¥ilose i¥id) r¢o8onnhle llcciiroc), al #iiy tiiiie the finunc4471 yosliyoi) fil'11)e clinrily nnd entsble lhel io ensure 1114L ihc fii)ancial stht¢iii¢nis Lninpl), Ivltli 1lJe Llini'itiC5 A¢1 2011, Ihc LIIJL'ili¢$ (Acttjiinls Dnd R¢portsl RLuiila¢ion8 2(JUX. nnd ihc piuvisiuiis ol. Ihc ¢uiisii(Iition. -Ilie lislee8 41fL illg) rrt)nSIblQ for sal¢g114Lrdin8 Ilie USSL'l% of ihc L,h#rily Hnd h¢nLL. foi. tuki118 rLuson¥ble s(eps fvy ihy PlLYL'ntion (lelecliun of fruud uiid oiliyr irregul&riliL¥. Thr Ii'ustLe5 ar¢ r¥spoiisiblc loi. Ili¢ iiioinienai)Le anil inl¥grily of dic corpnrllie dl)d Iiii¥iiLial inloi'maiioii incliided Dn Ilic ch1& I'iiablL l11)I)anY,% iyebsiie. l.e8islaiion goiierning ilic piepw'iilioii lind dissLI)iinolinn ot linAn¢iJS slalLmen13 111ov dillcr Irom Ic8islolion in oihLr jurisdiLlivns. Appr()veJJ h>. Ihc Inislccs ijl'the churiiy on ,.. . iiBneJ <Jn IL8 ixliMifby- li. /. Mol)son Page 3
GT Foundallon Independent Examiner's Report to tbe trnst¢es of CT Foundation I Iwoyl lo thB trUrt¢ on my &Yarnin8iloll of th¢ accouDts of GT FoLwdatlon for th¢ yeor rndeA 30 Jiine 2024, 1ts8pon8Ibllldes b4iAq r•pDvI As the chayity Iru8l¢a8 of GT FouDdotion yr)u &re re3ponslblo for the ppAi7{lon of accoun In a¢coNlance wlth the ryuhrcments ofthc Charltle5 Aat 2011 ('¢b¢Aci'l l ¢eport In respect of my exathinotton of th¢ GT Foundation's 4ccounts gRrried out Ulld. sectlon 115 of the 2011 Act and in ¢wing nut my ¢xamln8tion I h8v¢ followed all thc appllcable DirelOnS gIv by the ch.Ity Commis&lon utth seetlon 14J(5)Ib)of the ACA. IhdepeThdenl x8Mln•r's st4temev¢ I hav¢ eomple¢Ed my mInatIon. l rlfirM ihat no mo¢eriDI mAtkr4 h•ve come to my 4Ueniioii IR conne¢lion wlth th¢ &minatIoN glvliw m¢ ceuse to bd16ve tha¢ In any mgtulal respects l. a¢¢ounllng re¢oith notkept in r¢6p¢d of GT Foundation 08 required by 8e¢lion 130 of IPto AOL. or 2. th¢ CoUnt$ do not 8¢xonl wilh those Te¢ord5; 0 3. the accounts do not comply wtth the o¢¢oiintlnB Tequlrements L¥)r.¢¢rnin8 the fomi and content of counts sel out In Éhe Charl¢i¢J <AC)uN Wld Rqjorls) Re8uiations 2U08 other thMD any wuiimient that lh¢ &¢coun16 8lve a 'true and foir vtew whicb ii noL 8 matter coNlder¢d As p8tl of att Independent I have no con¢em8 ond have wme a¢r08s no ¢Jth¢r mallers in connection wlth th¢ 6x4mltI0ft ty) whlch attenilon should b¢ drawn in thls r¢poi irt order to ¢h8bl¢ • pyopw under8t4ndln8 of the iccounts to b¢ ttA¢hed. VJknJk- Rlchllrd liowarth ACA FCCA FlIBtFloor, Blook C Thc Whlli'f Burnl6y BBII IIG . KkttsL Page 4
GT Follndallon Statement of Fliiallcial Aetivities for the Year Knd¢d 30 Julie 2024 Tot81 2024 fullds No¢0 Income ftjtd Eiidowm¢nts f*om: Dona¢iow twd legacie8 Chirilabk o¢tlviti¢ty 23.0 23,OtK) 95.676 Tolnl ItA]e 118676 II8076 xy¢ndltu¥• o#: Charltable acttvlll 112.596 112.59 Totsl oxpendltur¢ el Inoomo 112596 112596 N¢1 lliovem¢nt in funds 6.080 6,080 Reeoii¢lllAtIoD fjf fiinds Tollll funds brought forwd Totftl ndS ¢qrried fonvard 203,570 20.3,57 14 209 650 209 650 Totftl 2023 74ote liicollie And Endowments from: Doiiations and legD¢l¢.I Churil¥ble nLrtivilieJ 45,430 45,430 71,649 Totnl iiicome 117079 117079 14xpwidlttive on: cli8rilal)1¢ odivilie 120,103 12(b 103 Tol¥l expendlture 'Net cxpMdilure Nel niuvement funds 120,103 120 103 3.024 (3.024) (3,Q24) Reeoiielllatloii of fuiid¥ Total fui)d8 brought foiwthl Tol&l lundg ¢4rried fonvknrd 206 594 14 203.57a 203 570 All ol. Ilie charity's aeilvltiu d¢xive frort) continuing opeThtSoA8 durlng the aEK>vctwo P.10d8. The fuiids bkdOwn lor 2023 Is thown 51] nok 14. The notq8 on pgges 7 to 15 fM an Inte7 partof th¢s¢ fin?n¥ial at4temLnL%. Pag¢ 5
GT Foundatlon (Registralioll number: 1063741) Balaiice Sheet as at 30 June 2024 2024 2023 Note Flx¢d a35ets Tangibl¢ as$els 152,922 159.015 Ciiri'ent av¢ts Dehl(bi's Cash ut bank and in hon(1 10 206 Ili652 207 103 911 15,858 104,118 Cro41itois: Amomnts fAlllng di1¢ wl¢l)in oilc yeAr Nel euri'emt Ns5¢18 12 (59 1301 159.563 56,728 44,555 Net Aisct 209.650 203,570 Fllnds of th¢ ehAI'lty: Uiireslrlcled Iricom¢ funds Uiir&slri¢tcd funds 2LVJ.650 203.570 TotHI fiiiidg 2(J9,65Q 203,570 1'h¢ finllnLiiiI slolomeiiib on pn¥¢3 5 1<1 15 ML. approved by the Irustees, Ind 8uilivrisrd for issue on and.sigiied on thcir b¢h&ifb}.' Mi. Z Mo181) Ti'uslee Th¢ noles on pa8es 7 to 15 10rn1 on in(eBral port of.1hr linancial Siatcmcnls. Pa8e 6
GT Foundatlon
Notes to the e11 SthleLnents for the Yeai. Ended 30 Julie 2024
l Accouutln% pollci¢$
St8t¢m¢nl Dfcompll#n
GT FovDdatlon Notes to the Flnallclal Stat¢ments for the Year Ended 30 Julie 2024 (Collllllued) Tanglbl• llxed Ajaets Indivldu&l tixed assets are initlRlly r¢c4Mthd at cosL less any Jthcque4rt acoumulBted d¢pJtciedon and ub8eqiiont accumulated impoinbC4t losse& D¥proclAllon Jmorfls•tlon Dopr18t1Ots ia provided on tangible fixed 4&8Qts so to Thrit¢ off the co81 oi, valu8tion. less ony utimated residual valuc. over tiwir oxpeol¢d us¢ful aornkS life followA: Aaalt cllas Flxtsjie & Ilttin8S Comput¢r ¢quipm¢nl D•preelalloll metliod Rnd rat¢ 25% RB 25% RB 'Ade debtoT du debtoi's 8r¢ fimowjts dut frorn ¢wlomers for muckdIsC sold or swvk¢8 performed in the ord5nary eourso of busin¢8S. TKade debfon are reeognlsed initially Rt the transadlon price. Thoy are subs¢qu¢ntly m¢isurnd gt coit U811i8 tlie effe¢live Int¢Yesl metli0 less pfovi8jOD for impaim)ent. A provision for the ilPRilTnent of trAde dcbiors Is ¢yknbllahed wh¢ Ih¢rt is obJ¢¢live eyldence thAt lh¢ ¢Jwlty will nol be obl¢ to collt¢l All Aftwunts d &¢cordrii8 to the 0118iiiol tcrn)g of the ceIvable&. And equlvyleDts Cgah gnd ¢wh equivalffit$ eompAse cath pn hDnd And call depoylis, wid othei. 3horl-t¢rm highIy liquld Invejlmeiits Ihal 8re T¢Jdlly conv¢rtible to a known amount of ¢hih and 8ubjecl to wi 1tts18tfICfviI1 rlsk of ohon8¢ In ydue. BorTh)wln liileK8t-b¢'ID¥ bonvwlnBS Initlally recoNl¢d at f4ir valu4 n¢t oc trJ&c110n Sts. Jnt0rQrt-bI1ths borroivlng8 are Bu&814uenily car¥lcd &[ 8rn1)rtlsed cn81, with the difference betwrxn Ihe prDL'ecds, ftet or li.anct10n oosl4 Ihe amount duv oj) redemplion 18 recogfjls¢d as a chB(8e to lh¢ 814temenL ofpit)an¢lal A¢ilvIii over the period ofth¢ Itl¢vant ly)0ving. Inteirst expense IJ re¢ognised on the bmsls of the ¢ffectsvG Iiit¢resC meilwd and Is ltt¢luded In lTht&tst pAyablc and slmilHI' cliarye8. Bormivlnss are cla88lfied as current l1thlllii tho ¢harliy has aTr uncondl¢ional right to defeT xetii¢meni of lh¢ Ilability for Rt leyst l%i*lvB months after thcwDriln8 date. nd strnclure Unirsli'lctod Ineome fuiids general tiiTh(L% that are AYallabl¢ foriv at th¢ Iru$tees dl8¢r¢tion In knrthtrnn ol. tho obj¢dives ofthe Ohty. Pagc 8
GT Foundallon Noles to th¢ Fiyaneial S174tem¢nt& for the Year Kud¢d 30 2024 (eontlnued) Ptnslons fiDd L)ther yoit rotlreynent Dbllgguon The chwity operates a defill1 COJLtyibution penslon 3them¢ which is a pensioti plan urtder whi¢h fiKcd ¢ontribution8 arc pald Into a wslthj futkd 2nd lh¢ charfty has no l¢g41 or constrLBtive obllgalion to psy liirihei. coiiti.1hLILiort5 even If the fiind doG5 not hold 8uffl¢ieffil as3cts lo pay all anployea8 die benefits relailng to ¢rnpl()yee 8eThl¢¢ In the ¢urr¢nt and wlor pe¢iod8. ConLYlbullonE to dttflned Lontributlon pl8 are YeLx)gnis¢yl in the Siat¢rnent offiittW)Llkd AGiiviliets whem they al'e du& If ¢ontrlbutiOtt PfLyMl exceed thocojitrlbution due for the ex¢ess is KecoBn13ed as Clos&lfi¢niloii Finllncial a$s¢ts aDd flnat)olal Ilabllluu tre recogni8ed th¢ cjwity bem¢S a party to the Mntraotual 'ov18ion8 of Ibe iD&INmGnL Flnanol&l Ilablliilc4 ttnd equlty Inskuments Hrc elasglfled ordIng to th¢ 8ubslonce of the eonlvaclual attangements onleyed Into. An cquity inairument 18 any contrad that evidences 8 reSId41 inierost In the of lh¥ thfirity after dedUlA8 all ofits liobUIIIu. RecogxllloA All tinonGial aaaets and liabilities aiT initially mcJJured 01 trfjnsaction Pri (iiicluding Irnn8action coslsl, except foi, th9 fin8rtcl&l assets ¢lAsslll¢d hs )1 lair val¢ through pmfit or loss, which initially In¢88Urtd dt taiv value (whldi ly nornijlly the trabsacuon price ex¢ludln8 tfansudion c05ts). unless thc Hrian8Ement constiiules natt¢ing Iroiisiicllon. If an Amngemwit ¢ons(Itul¢8 n financing lrnfist10n, Ihc fjnwnclal a8scI or fjnanclol lillbilily Is measured at the pi'esenl VAlue of the DJThtr¢ EHyments di8c(Junted at o inarket of inlcresi for a slmilor d¢bc InstThunm¢. Flnonvial w&sets and Ilablllll&% ar¢ only utrsd in the 8tat¥rn¢nl of finoovial w)3iiloii Wh1, only wkn) Ihere cxlsts a legally enfoi'c04blc riBhi lo set off ihc r¢co8iiised 8mounts ld th¢ chaTity int¢nds eilh¢r lo seid¢ on & not basls, OT to realisc the &8set artd selt1¢ lh¢ Ilahility simult&rww$ly. Flnftii¢lol se1S are der¢co8niyed iwhen wid ortly ivh¢A 8) the conlrn¢luThl rlghts to the cash flows frnm ihe linanclal aisct ¢xpliY or &r¢ settled, b) Ihc GhpriLy Irpnsfers to inoiher perty subgrnnlially all ol. Ihe i'isk8 klrtd Tcward8 of ownu311ip ot. the fill¢1 Thssel, or c) the GhRI.ity, desplie having iylBined soine, bat no¢ all, $18iilfieaii¢ rlski aiid i'ewllrds of ownetshlp, hos transrTrd control ofthe a88¢t lo anothei pwty. Fin)IlLlal Iliiblllil¢s ore dwe¢o8nixd only when th¢ obliBthtion SPlfIed In Ihe coRtr4Ct is di3uhai5ed, u)É]cellL¥J or explr¢8. Page 9
GT Foundatio Notes lo the Yknancial Statements for th¢ Y¢ar Ended 30 Jvne 2024 (eontlnued) D¢bIltruMejits Debi Inslrutnents ivhlch In#t the following ¢ondilion$ subsequenuy me4 4¢ ulloili8ed 118lrtg th¢ effectiv¢ intertt5tmdtd.. (a) The contyactual rgturtt kn the holdei is (A) a fixed amount. (11) a posilivo fixed rte or A pisitivts varlablo rot¢. or (ill) a combiiiolion of &posliive or a ne8AilYe fixed rat¢ a posiliye vori8bl¢ Ixl (b) Thc 1)Iracl may pffovide foi lEYMents of th¢ prlnclpal or th¢ r¢tum trj the holde¥ (but both) lo be linked to a slngle I'elev8n£ obs¢bwabl¢ Index of gerÈttal prlez Inflation of thc ¢w'renay In whlch Ihe debt ItJ8tsum¢nt is denomln&lcdJ provi<kd such links 4Te not laverd8eii. (o) Tho c4)ntraot MRY piwide a dderminknle V1110 of th¢ rdurn to th¢ holdor durlng the life of the lttsliilln¢nt, provlded ihal {1) th¢ new rnto S13t1 condition (4) 2nd tlie vwlalioii 18 not contlngenl ¢)n futur¢ events od1, thali (L) a chan8¢ of A ¢ontrecluBI variabl¢ rate. (2) to protec¢ tho holdN' ugAln8t ci'edit d¢lerioJYtlon ot ih¢18suer,' (3) ch&ng¢8 in Icvles applled by 8 centsil bank or 8rlsln8 th)m chartges in Itlevant tax&iloii oi, law. oi, (11) th¢ D#w rnte & a rn&¢t of intwNI and s8tiBfiu condltion (•). (d) There Ss no Lon1¥aUl1 prt¥vl8lon IhBt coul by its term4 result In the holder losln8 the amount or ny Inl¢iY81 oltribulabJ# Èo the ¢un'¢nl puiod or p'ior p¢riodÉ. (e) Conlr8cLu&l provi8ions th81 pern)11 the issuer lo piyay a debt Instrument or pemiil tkn hold¢r lo pul11 back to th018Juer bclor¢ m&tui'ity are not rontinBenl on futsJi events, oihcr than ID protecl th¢ holder a881nsL the evedlt d¢teYlorotion of Ihv1&8uer ot A ¢hlln8e In control of the i&wer, or to proleot the holder oi. Issu¢i' 8ggln$t ch8n8es leYlo3 dpplied by a central bartk crf. ar18kn8 from ebahBe4 In relcvanl t4xgdon or IAW. (fj Conltaetupl provlsions may permlt the ¢xtEn8ion of Ihc lerni of the debi instAent) provld¢d UIAt thE r¢'n lo ths hold¢r and any othtr Mnbcthal pmv1th8 llppll¢abl¢ during tho extendga leTm 8&U8fy the ci)ndlllon8 of p4r8groph8 (u) to (o). Debi Instrutn¢nts thet are clwified payable or receivable wlthln one yffAr on Inlilal recogniuon fjnd iyhlch rrt¢ol th8 abDV¢ Conditions in¢a5uird al th¢ und18wJnted omount of Iho ¢aJh or othe4. con51dcLxllon exp¢cled to be p8ld rectiv¢d, n#t of Impaimi¢nL Wlth tlie tx¢eptlon of some h¢d8ing Instrurnettts, othv débt not mrxling those ndIoI18 are m¢a511red ut fairvalue through profil or IoJ3, Coinmlimeilts lo mgko and Itceivg 10gn8 whlch meet the ¢ondithon5 mpnilon¥d Iv• me&8ured at eosl {wlilLh MRY be ttll) Idu impHlrinei)l. Folr vnlM8 ineffthiiremeiil Tli# b&8t ovldenc¢ ot. laii. valucls a quoted price tor an lthnlic81 asset in an 8Ctlvc mBYket, When quoted i)I'icey are uThavailabl4 the i)ric¢ ora re¢enl trans¥¢11) for ali IdeRilcal as8Ct piYJvid¢s evidence of foil, valiie as IoDg as Ih¢r¢ has not been 4 8igoifican¢ chat)ge in economAc ¢irrumslances oi, I signllicit)t l&p8e of Ilm¢ Bincc the tIBn58ction Look place. If Ihc moA(et 1$ not gctlyo JEcen¢ tron88etionB of an IdltICal Bss¢l on t111. not a good eslimBt¢ of fol¥ vAlU the f•ir v&liic is a8tirnal¢d by A valiiailon l¢d)niqu¢. Page 10
GT FoundRtioii Not¢8 to the Financial Staternonts for the YeAr Ended 30 Jllne 2024 (contlnued) I Ineom¢ d(bnAtlon¥ I¢e1 lid$ GeiietrAI TolAI fuiids DoiiAtion8 and leg8cies' Donotlons from lrtdlvldiials Totsl for 2024 Total for 2013 45,430 3 IAconie Trom diarllKbli aedvltle8 UNreslrl¢t¢d fiinds Gener81 Total TotNI foY2024 TotDI 21123 4 Expendllui'o ¢harltabl¢ ne¢lvltl¢s U*re4trleted furid$ G¢ner To(Al Nolo (?ov¢nh8ncecosls 112,596 112596 TolAI for 2023 120.103 120 103 S Analysls ijfgovernAibce Aiid Bllllptsft costs Page II
GT Foundatlon Notes to tbe Ifithallcial St4tem¢ot8 for the Year Ellded 30 June 2024 (continued) ureSttrAI funds G¢nerttl Tot41 fullds Staff costs Whg¢s and sal&ries Peth8Ttsll costs Audit fees Othw fets pHld to audltorJ Depreclatlon, amorti¥r41ion Jttd other stmllar colti Other 8ov¥rnonce ci$3ts Total foJ.2024 80,613 2.879 80,613 2,879 1,600 6,094 6,094 112,596 112596 TotAI for2Q2J 120,103 120 103 6 Net IneoMtsIWout%olnt reJoMrneJ Nel Inoomlngl(Out8oln re8OUW03 for the year Include: 21124 1023 Depyolation of flxed 7 SIAff e08ts 'rhe aggiwile paywll 3t8 8J follow8: 2024 2023 Stllff colts th¢ y¢#r wei'¢". W88u and 8lllailes P¢i)8lon co8ts 80,613 79.342 81.823 Thc monthly &vw&ge number of pc160n$ (Incjudlng Eenlor ManagneI I l¢odcrship t¢au)) lIploYed by tho tthtsi'lty durlng the y¢ai' exprested as 11 tjmo equlvdents was as follthvs.. 2024 2O2J AvuYs¢ numb¢t OrvI0ye¢$ ND employ¢# iYceiv¢d cmoluments of mor¢ Ihan £60,000 durill8 lh¢ y¢ar Pagc 12
GT Foundation Not&8 to Ihe Dlnancial Slatements for the Year Ended 30 June 2024 (contkllued) 8 T4xatloJL Tho djarity is a r¢sist¢r1 charity is ItfOre from 18x20. g Trnglble flxed assets Lond bulldlngs FuTnitEire And Total At l July 2023 At 30 Jun¢ 2024 304.380 10.966 315 346 304,380 315 346 Depi'¢¢iAIIo At I Iuly 2023 Ch8r8e t, the ye. At 30 June 2024 14S.39) 10,941 156,331 15l,477 10,947 162424 Net ljooli value At 30 Jui)¢ 2024 19 I S2,922 A¢ 30 Juliè 2023 158,990 25 159 Ols 10 D¢btr& 2024 2023 P¥epayincnL8 206 207 I A Aiiil eo$1i equfvalents 2024 2023 Cash &¢ bank 115.652 103911 12 Credl¢or8: fimoullts fpJNng du¢ yeai. 2024 2023 Other laxu¢lfjn and CIaL wuyily other edItOrS AlL11?1 (419) 48.407 11,142 {419) 48.405 59,563 PaEe 13
GT FovndAtioD Not to thg Flnauclal Statements for tbe Year EThd¢d 30 Jon¢ 1024 (coiitinued) IJ Pellslijn ind fjlhtr 8¢knoill¢s D•niied eontrlbutlop p¢vlon 5cliome Tha charlty op9 a dofined Contsibution pomitsn JL¢me. The pension cost char8B for the ye4T rtpresents coftIMbutlotJs pyo61¢ by tho to the s¢hcmc und jmountsd to £1879 (2023- £2,481). 14 IPund8 B#lAnce At I July 2023 Incornkng Ytsourees Rel0¢ oxpe))d¢d Bil#ncÈ at 30 Jun¢ 2024 1'trIe1td hEnds Gent 203,570 112596 Blnco #l I July 31122 ReA•ur •Jp•nded Balanel At 3 Jull¢ 2023 rtjourc Unrestrlded a£1 120 103 203 570 IS A ThHlysls ofThet 4isel# b#tweeb UnYeytrl¢ied lknndB GenorRI TotAI funds at 30 June 2024 Tgnglble Èlxed asi¢ts Curi¥llL 185Bts Cui'i'ent liabilltiC3 152,922 115,858 152,922 115,858 Totsi nel a88¢18 209 650 IlnrestrJ¢ied Ilwds GeD¢i'AI Tot1 funds 41 30 June )23 Tfingible tlxed assets Curltiil assets Curr¢nt IIMbili(i&8 159.015 104,118 159.015 104,118 Total a 203 570 203 570 Page 14
GT Foumdatlon Notes to Ihc Flnallcial Statements for the Yefty Ended 3• June 2024 (continlled) 10 Analy&ls of n¢t funds ¢ JO Jiint 2024 At l JlY 202J Cash llt Ik and in haiid 103,911 10391L Ncl dd)t IQ3 911 At30 Juno 23 At l July 1022 Cash il bank ind In hand N¢t debt Pasc 15
GT Foundatlo Statement of Finanelal Activities by fund for Ihe Yeai. Kiided 30 June 2024 I'otal Ullrt8ttld¢d ULrtrIcted dj Fundi 2024 1023 ID¢0 Endowmellts from: Donationa and IBgAoloy Chatitable e¢tiviti&g 23,000 9S,676 45.430 Totsl income 118676 117079 YLxpenditur• on: Charflable aetlvlti¢5 120 103 Total expendilure 112 596 120 103 Ngt Income/{¢xpenditur¢) Nel tnav¢muil ln Jknidg 6,OBO 13,1)Y+) R¢cone511ntloii of rfundi Tolol brought fotMrd 203.570 206 594 Total funds CWTled forword 209,650 203 570 Thij psgs 01 foffm partof the stslvtory litwidai statements. Pa8e 16
GT Foundatiojk Detailed Statellient of FlnaDciAI Actlvltleg for the Year Ended 30 June 2024 TotRI 2024 To¢RI 2023 ICOme Thiid Endowmeulb from: DonalSon8 and leBacl&8 (analysed below) Chorllobl¢ woilvltsds [olY8] below) Total Incomo 23,000 95,676 45,430 Il¥676 117,079 xp¢rtilltui'o on: Cht&Ie actlvltlu (aJialy8ed b¢low) Total eXpdItre Nett inoomel(expendltur¢) 112.59 (120,103 112596 120.103 Nel mov¢ment In fiind5 6,080 {3,024) Ree4MolllAtlon of fiinds Total Ojnds brought fomrd Total flind4 carrledfoTward 203 570 206,594 209,650 203 $70 Thls pag¢ do¢s not fomy part of thr statstory tinancial sthimenls. Pqge 17
GT Foundation
Detall¢d StstenJ¢nt of Fithanclal Activities for the Year EDded 30 June 2024 (continued)
Tot•l
2024
TutAI
2023
l)&Awloii$ ftnrfle¥ades
Appealj al do111n3
23.000
CharJlftbl• éycilvlikq
Al.A8r Edu¢Atlon C¢ntr
95,676
71,049
ClIArllable acdvllles
Wa8es and 5tt10l'l•
Staff p¢nsion8