OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Gfct

2024-11-30-accounts

REGISTERED COMPANY NUMBER: 05285411 REGISTERED CHARITY NUMBER: 1109385

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GFCT LIMITED

GFCT LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Consolidated Statement of Financial Activities 8
Consolidated Balance Sheet 9
Company Balance Sheet 10
Consolidated Cash Flow Statement 11
Notes to the Consolidated Cash Flow Statement 12
Notes to the Financial Statements 13 to 20
Detailed Statement of Financial Activities 21 to 22

GFCT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024

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 30 November 2024. 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 main purpose of the Charity is to provide prostate health awareness information including the provision of PSA tests when requested after Counselling. During the year it also expanded its activities into providing a wider range of health tests as the Trustees believe in the benefits of regular testing for common health conditions such as high cholesterol and diabetes risk.

The Charity benefits from personal recommendations and the use of a variety of Social Media sources and its website to widen awareness of its facilities to a wider audience. The Charity operates a people based personal telephone answering service for its service against the current trend of forcing people to use apps and written online requests only. This is particularly welcomed by older and less privileged sectors of society who may not have access to digital communications or who may struggle to use it.

Volunteers play a key role in supporting the Charity's work at testing events and the Charity won the Kings Award for Voluntary Service (KAVS) in November 2023.The Charity aims to support the findings of Professor John Deansfield who led the Taskforce on "Personalised Prevention" and who has stated he favours the creation of "Pre NHS" testing focusing on preventative healthcare which could unlock billions within two decades. If a 33% reduction in ill health can be achieved an increase in GDP of £320 billion over 20 years could be achieved. In the future year we are also planning to test for Lung, Bladder and Bowel Cancer.

STRATEGIC REPORT

Achievement and performance

Charitable activities

In addition to the KAVS Award outlined above the Charity's founder Graham Fulford was awarded the MBE in the 2024 Kings Birthday Honours list for services to supporting prostate cancer awareness and early diagnosis. Collaborating with its partners the Charity conducted around 68,000 PSA tests and around 11,300 other tests during the year. The "out of healthy range" results on the other tests conducted in the year was a staggering 44% proving the urgent need for more such testing to be carried out. Since its formation in 2004 the Charity has helped find over 3,000 prostate cancers which may not otherwise have been identified until too late. The Charity now conducts PSA and other testing for a widening group of corporate clients in addition to numerous voluntary groups.

Fundraising activities

This charity does not raise funds from the public.

Financial review

Financial position

The Trustees are very satisfied with the financial position of the Charity at the year end with a retained surplus of around 2.5% of its income. This meets their overriding criteria of providing a top-quality service as economically as possible whilst retaining a sound level of solvency. The retained surplus at the end of the year built up over 20 years at £186,416 leaving it well placed to meet future objectives and challenges. All funds are unrestricted although the Trustees follow a policy of financially supporting activities in areas where funds are donated.

Principal funding sources

The Charity's principal source of income remains as the reimbursement of PSA testing costs from individuals, Groups or Corporates.

Page 1

GFCT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024

Reserves policy

In line with Charity Commission guidance, the Trustees have adopted a reserves policy to ensure that the Charity can continue to meet its commitments and respond to unforeseen events or reductions in income. The Trustees consider that holding reserves equivalent to approximately 2.5% of income is an appropriate level. At the year end, unrestricted reserves stood at £186,416 (13.5% of annual income), which the Trustees regard as appropriate. The reserves position will continue to be reviewed annually in light of the Charity’s future objectives, risks, and financial sustainability.

STRATEGIC REPORT

Future plans

The Trustee's aim is to continue to offer a wide range of tests. Whilst PSA testing will always be at the heart of its operations, they are very mindful of the need to engage with people living in more deprived areas and ethnic minorities who may be particularly vulnerable to a wide range of health issues. In this respect they are currently making Grant Support Applications to support health testing in 5 major cities in the Midlands and the North as well as supporting the installation of HIFU equipment in those areas. Work at Imperial College London Hospital under the auspices of Professor Hashim Ahmed indicates this could be a more suitable and less invasive treatment option for up to 12,000 newly diagnosed men a year. Currently only around 1,000 men a year benefit from this focal therapy mostly, in the South of England.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

The Charity is Governed by its original constitution document approved by the Charity Commission in 2004.

Organisational structure

The Charity is supervised on a day-to-day basis by Susan Hart.

Margaret Lane is responsible for overseeing the administration function.

During the year, the Charity acquired a wholly-owned trading subsidiary, GFCT Treatment Support Limited, which generated income of £50,000 the period. The subsidiary’s activities are aligned with the Charity’s objectives, and all profits are covenanted back to the Charity. The Trustees will continue to review the subsidiary’s operations to ensure they support the Charity’s overall aims.

Decision making

The Charity currently has three Independent Trustees who make joint decisions on a regular basis.

Key management remuneration

There were four Trustees that were re-imbursed expenses. Full details of all payments to Trustees are outlined in note 8 to the accounts.

During the period, a trustee resigned and was appointed CEO. In this role, £19,685 was paid for the provision of services.

Wider network

The Charity has close working relationships with a number of Prostate Cancer Support Groups, other Organisations such as Lions Clubs, Rotary Clubs and Masonic Lodges and its Corporate Clients. All the partners of the Charity including at least one NHS Cancer Alliance can be found on its website at www.tgfct.co.org.uk or www.psatests.org.uk.

Details of all future events can be found at www.mypsatests.org.uk and www.myhealthtests.org.uk.

Page 2

GFCT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees keep all activities and related risks under constant review. The Charity carries three separate types of Insurance. Firstly, a General Charity policy covering the physical activity of holding events and taking samples. Secondly against Cyber-attack and thirdly for professional indemnity. Every change in its day-to-day activities including wording for all result communications to clients is referred to its insurers.

Lloyds Bank provides the main banking function, and a PayPal account is operated to segregate funds from users of the Charity's services which is used to pay the laboratory cost element of any tests undertaken. No one person has access to both bank accounts. TGFP Ltd are its Auditors.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05285411 (Not specified/Other)

Registered Charity number 1109385

Registered office

66b Smith Street Warwick CV34 4HU

Trustees

G R Fulford S A Hart (resigned 7.10.24) C A Brown S Beard (appointed 10.10.24)

Company Secretary

C A Brown

Auditors

TGFP Chartered Accountants & Statutory Auditors Fulford House Newbold Terrace Leamington Spa Warwickshire CV32 4EA

Page 3

GFCT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees (who are also the directors of GFCT Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Trustees are required to

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

AUDITORS

The auditors, TGFP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the Trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

................................................................. C A Brown - Trustee

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GFCT LIMITED

Opinion

We have audited the financial statements of GFCT Limited (the 'charitable company') for the year ended 30 November 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GFCT LIMITED

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GFCT LIMITED

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and the recognition of income. Our audit procedures to respond to these risks included:

Owing to the inherent limitation of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

BENJAMIN REYNOLDS BSc(Hons) FCA (Senior Statutory Auditor) for and on behalf of TGFP

Chartered Accountants & Statutory Auditors Fulford House Newbold Terrace Leamington Spa Warwickshire CV32 4EA

Date: .............................................

Page 7

GFCT LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Testing
Other
Total
Charity
Subsidiary
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2024
Unrestricted
fund
£
1,373,691
2,907
1,376,598
67,253
1,168,709
50,279
1,286,241
42,892
47,465
90,357
96,060
186,417		 2023

Total
funds
£
1,015,862
465
1,016,327
46,470
897,303
45,288
989,061
27,266
-
27,266
68,794
96,060

The notes form part of these financial statements

Page 8

GFCT LIMITED

CONSOLIDATED BALANCE SHEET 30 NOVEMBER 2024

2024 2023
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 9 2,053 1,071
Investments 10 - -
2,053 1,071
CURRENT ASSETS
Debtors 11 70,481 34,698
Cash at bank 373,318 170,006
443,799 204,704
CREDITORS
Amounts falling due within one year 12 (259,436) (109,715)
NET CURRENT ASSETS 186,416 96,060
TOTAL ASSETS LESS CURRENT
LIABILITIES 186,416 96,060
NET ASSETS 186,416 96,060
FUNDS 13
Unrestricted funds 186,416 96,060
TOTAL FUNDS 186,416 96,060

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

............................................. C A Brown - Trustee

The notes form part of these financial statements

Page 9

GFCT LIMITED

COMPANY BALANCE SHEET 30 NOVEMBER 2024

2024 2023
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 9 2,053 1,071
Investments 10 1,000 -
3,053 1,071
CURRENT ASSETS
Debtors 11 69,981 34,698
Cash at bank 272,348 170,006
312,002 204,704
CREDITORS
Amounts falling due within one year 12 (206,430) (109,715)
NET CURRENT ASSETS 138,952 96,060
TOTAL ASSETS LESS CURRENT
LIABILITIES 138,952 96,060
NET ASSETS 138,952 96,060
FUNDS 13
Unrestricted funds 138,952 96,060
TOTAL FUNDS 138,952 96,060

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

............................................. C A Brown - Trustee

The notes form part of these financial statements

Page 10

GFCT LIMITED

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash from operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash from investing activities
Increase in cash and cash equivalents
Cash and cash equivalents at
beginning of year
2
Cash and cash equivalents at end of
year
2		 2024
£
202,072
202,072
(1,667)
2,907
1,240
203,312
170,006
373,318		 2023
£
1,610
1,610
-
465
465
2,075
167,931
170,006

The notes form part of these financial statements

Page 11

GFCT LIMITED

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2024

1. RECONCILIATION OF SURPLUS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Surplus before taxation
Depreciation charges
Finance income
Increase in trade and other debtors
Increase/(decrease) in trade and other creditors
Cash generated from operations		 2024
£
90,356
684
(2,907)
88,133
(5,456)
119,395
202,072		 2023
£
27,266
357
(465)
27,158
(23,480)
(2,068)
1,610

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 November 2024

Cash and cash equivalents
Year ended 30 November 2023
Cash and cash equivalents		 30.11.24
£
373,318
30.11.23
£
170,006		 1.12.23
£
170,006
1.12.22
£
167,931

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.12.23 Cash flow At 30.11.24
£ £ £
Net cash
Cash at bank 170,006 203,312 373,318
170,006 203,312 373,318
Total 170,006 203,312 373,318

The notes form part of these financial statements

Page 12

GFCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

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, with the exception of investments which are included at market value.

The presentation currency of the financial statements is the Pound Sterling (£).

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Interest income is recognised using the effective interest method.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Support costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include finance costs, governance costs, information technology costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Page 13

continued...

GFCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

1. ACCOUNTING POLICIES - continued

Taxation

The Charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

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.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

Financial instruments

The Charity 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 in the case of current assets and liabilities.

Investments

Investments in the subsidiaries are recognised at cost.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but not held for investment purposes.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Gift aid		 2024
£
1,372,840
851
1,373,691		 2023
£
1,013,568
2,294
1,015,862

Page 14

continued...

GFCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

3. INVESTMENT INCOME

Interest receivable - trading
4.
RAISING FUNDS
Raising donations and legacies
Fundraising
Awareness promotion
Event costs
Other trading activities
Website costs
Aggregate amounts
5.
CHARITABLE ACTIVITIES COSTS
Testing
Other
6.
SUPPORT COSTS
Information
Finance
technology
£
£
Other resources
expended
12,065
9,633		 2024
£
2,907
2024
£
5,000
48,897
2,754
56,651
2024
£
10,602
67,253
Governance
Other
costs
£
£
9,680
4,865		 2023
£
465
2023
£
-
39,816
6,499
46,315
2023
£
155
46,470
Direct
Costs
£
1,168,709
14,037
1,118,746

Totals
£
36,243

Page 15

continued...

GFCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets 2024
£
685		 2023
£
357

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.

Trustees' expenses and services

One Trustee was paid £63,895 (2023 - £74,522) for the provision of administration, marketing, computer and other services during the year. One Trustee was paid £5,300 (2023 - £5,100) for the provision of office services. One Trustee was paid £2,959 (2023 - £2,751) for current year expenses and £9,654 (2023 - £16,980) for accrued expenses and another trustee was paid £598 (2023 - £nil) for current year expenses.

9. TANGIBLE FIXED ASSETS

Group

Group
Computer
equipment
£
COST
At 1 December 2023 2,918
Additions 1,667
At 30 November 2024 4,585
DEPRECIATION
At 1 December 2023 1,847
Charge for year 685
At 30 November 2024 2,532
NET BOOK VALUE
At 30 November 2024 2,053
At 30 November 2023 1,071

Page 16

continued...

GFCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

9. TANGIBLE FIXED ASSETS - continued

Company
Computer
equipment
£
COST
At 1 December 2023 2,918
Additions 1,667
At 30 November 2024 4,585
DEPRECIATION
At 1 December 2023 1,847
Charge for year 685
At 30 November 2024 2,532
NET BOOK VALUE
At 30 November 2024 2,053
At 30 November 2023 1,071
10. FIXED ASSET INVESTMENTS
Company
Subsidiaries
£
MARKET VALUE
Additions 1,000
NET BOOK VALUE
At 30 November 2024 1,000
At 30 November 2023 -

There were no investment assets outside the UK.

Subsidiaries

Gfct Treatment Support Ltd (15963891)

Registered office: 66b Smith Street, Warwick Shareholding: £1 ordinary shares 100% ownership

Turnover for the period was £50,000 with expenses of £2,535. The net profit was £47,465. The net assets are £48,465.

Page 17

continued...

GFCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
VAT		 Group
2024
£
69,981
500
70,481
2023
£
34,698
-
34,698		 Company
2024
2023
£
£
69,981
34,698
-
-
69,981
34,698

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
Accruals and deferred income		 Group
2024
2023
£
£
3,006
-
216,061
77,195
40,369
32,520
259,436
109,715		 Company
2024
2023
£
£
-
-
166,061
77,195
40,369
32,520
206,430
109,715

13. MOVEMENT IN FUNDS

Company

At
1.12.23
£
Unrestricted funds
General fund
96,060
TOTAL FUNDS
96,060
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
1,376,598
TOTAL FUNDS
1,376,598		 Net
movement

in funds
£
42,892
42,892

Resources

expended
£
(1,333,706)
(1,333,706)
At

30.11.24
£
138,952
138,952

Movement

in funds
£
42,892
42,892

Page 18

continued...

GFCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At
movement
1.12.22
in funds
£
£
Unrestricted funds
General fund
68,794
27,266
TOTAL FUNDS
68,794
27,266
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,016,327
(989,061)
TOTAL FUNDS
1,016,327
(989,061)
Group
Net
At
movement
1.12.23
in funds
£
£
Unrestricted funds
General fund
96,060
90,356
TOTAL FUNDS
96,060
90,356
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,376,598
(1,286,242)
TOTAL FUNDS
1,376,598
(1,286,242)
At

30.11.23
£
96,060
96,060

Movement

in funds
£
27,266
27,266

At

30.11.24
£
186,416
186,416

Movement

in funds
£
90,356
90,356

Page 19

continued...

GFCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS		 Net
At
movement
At
1.12.22
in funds
30.11.23
£
£
£
68,794
27,266
96,060
68,794
27,266
96,060

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

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,016,327
1,016,327
Resources

expended
£
(989,061)
(989,061)
Movement

in funds
£
27,266
27,266

14. RELATED PARTY DISCLOSURES

The Charity paid £29,500 for medical technical support services KELK Consulting during the year. One of the partners in KELK Consulting is also a director in Aqua Medical Ltd, a company who were provided with consultancy services by Mill Street Consultants LLP amounting to £16,000 during the year. One trustee is a partner in Mill Street Consultants LLP. All transactions were at arms length.

The Charity paid £2,500 for HIFU support services and £1,150 for for administration services to Motodan Ltd during the year. One trustee has a minority ordinary shareholding and a minority preference share holding in this Company.

15. LIMITED BY GUARANTEE

If upon the winding up or dissolution of the Company there remains after the satisfaction of all its debts and liabilities any property whatsoever the same shall not be paid to or distributed amongst the members of the Company but shall be given or transferred to some other Company or charitable institution.

16. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

Page 20

continued...

GFCT LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Investment income
Interest receivable - trading
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fundraising
Awareness promotion
Event costs
Other trading activities
Website costs
Charitable activities
Charitable activities
Other
Staff training
Rent
Software and IT support
Support costs
Finance
Bank charges
Information technology
Administration costs
Other
Insurance
Travel
Carried forward		 2024
£
1,372,840
851
1,373,691
2,907
1,376,598
5,000
48,897
2,754
56,651
10,602
1,168,709
943
5,633
7,461
14,037
12,065
9,633
6,447
30
6,477		 2023
£
1,013,568
2,294
1,015,862
465
1,016,327
-
39,816
6,499
46,315
155
897,303
2,508
4,450
5,506
12,464
9,317
11,963
3,532
-
3,545

This page does not form part of the statutory financial statements

Page 21

GFCT LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024

Other
Brought forward
Legal fees
Sundries
Computer equipment
Governance costs
Accountancy and bookkeeping
Total resources expended
Net income		 2024
£
6,477
2,506
13
684
9,680
4,865
1,286,242
90,356		 2023
£
3,545
-
-
357
3,902
7,642
989,061
27,266

This page does not form part of the statutory financial statements

Page 22

Document electronically signed

www.fusesign.com

Document Details

Document ID b5670000-16c5-be5e-06b8-08dde6390715 Document Bundle ID b5670000-16c5-be5e-b1d3-08dde6390712 Uploaded to FuseSign 2025-08-28 13:53 +00:00 FuseSign subscriber TGFP Initiator email katie.barnett@tgfp.co.uk Signed by Clare Brown (clare@66blimited.co.uk), Ben Reynolds (ben.reynolds@tgfp.co.uk) System finalisation 2025-08-28 14:09 +00:00 Verify URL https://app.fuse.work/fusesign/verify/b5670000-16c5-be5e-06b8-08dde6390715

Document Signers

Signer 1

Name Clare Brown Email clare@66blimited.co.uk Mobile N/A IP Address/es 51.148.252.173 Signed on Pages 6, 11, 12 Verification Mode Unauthenticated Signer 2 Name Ben Reynolds Email ben.reynolds@tgfp.co.uk Mobile N/A IP Address/es 51.155.88.81 Signed on Pages 9 Verification Mode Unauthenticated

b5670000-16c5-be5e-ac35-08dde625511b_Signature CO tow 20a90000-3a6b-000d-d2cb-08dc5ee29d4c_Signature Ae Reni

DOCUMENT AUDIT LOG

DATE TIME USER TRANSACTION
2025-08-28 13:53 +00:00 KATIE.BARNETT@TGFP.CO.UK DOCUMENT BUNDLE CREATED BY KATIE BARNETT
(KATIE.BARNETT@TGFP.CO.UK)
2025-08-28 13:53 +00:00 SYSTEM ACCESS LINK: SENDING EMAIL TO: BEN.REYNOLDSPOST@TGFP.CO.UK. (5
DOCUMENTS - 2 SIGNING ACTIONS).
2025-08-28 13:53 +00:00 SYSTEM ACCESS LINK: SENDING EMAIL TO: LEAH.MCGUIRE@TGFP.CO.UK. (5
DOCUMENTS - 0 SIGNING ACTIONS).
2025-08-28 13:53 +00:00 SYSTEM ACCESS LINK: SENDING EMAIL TO: JADE.MONAGHAN@TGFP.CO.UK. (5
DOCUMENTS - 0 SIGNING ACTIONS).
2025-08-28 13:59 +00:00 SYSTEM PROGRESSING BUNDLE TO SIGNING GROUP 2
2025-08-28 13:59 +00:00 SYSTEM ACCESS LINK: SENDING EMAIL TO: CLARE@66BLIMITED.CO.UK. (5
DOCUMENTS - 3 SIGNING ACTIONS).
2025-08-28 14:04 +00:00 CLARE BROWN CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA)
2025-08-28 14:04 +00:00 CLARE BROWN LINK OPENED FROM IP 51.148.252.173
2025-08-28 14:06 +00:00 CLARE BROWN DOCUMENT SIGNED: FULL ACCOUNTS - ON PAGE 6 (SIGNATUREID: 3DEF0000-
200A-2EB8-5188-08DDE63A3CA5)
2025-08-28 14:06 +00:00 CLARE BROWN DOCUMENT SIGNED: FULL ACCOUNTS - ON PAGE 11 (SIGNATUREID:
3DEF0000-200A-2EB8-51AB-08DDE63A3CA5)
2025-08-28 14:06 +00:00 CLARE BROWN DOCUMENT SIGNED: FULL ACCOUNTS - ON PAGE 12 (SIGNATUREID:
3DEF0000-200A-2EB8-51AD-08DDE63A3CA5)
2025-08-28 14:06 +00:00 CLARE BROWN DOCUMENT SIGNED: FULL ACCOUNTS
2025-08-28 14:07 +00:00 CLARE BROWN CLARE BROWN HAS COMPLETED BUNDLE B5670000-16C5-BE5E-B1D3-
08DDE6390712
2025-08-28 14:07 +00:00 CLARE BROWN DOWNLOADED ALL DOCUMENTS
2025-08-28 14:07 +00:00 SYSTEM PROGRESSING BUNDLE TO SIGNING GROUP 3
2025-08-28 14:07 +00:00 SYSTEM ACCESS LINK: SENDING EMAIL TO: BEN.REYNOLDS@TGFP.CO.UK. (5
DOCUMENTS - 2 SIGNING ACTIONS).
2025-08-28 14:08 +00:00 BEN REYNOLDS CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA)
2025-08-28 14:08 +00:00 BEN REYNOLDS LINK OPENED FROM IP 51.155.88.81
2025-08-28 14:09 +00:00 BEN REYNOLDS DOCUMENT SIGNED: FULL ACCOUNTS - ON PAGE 9 (SIGNATUREID: 3DEF0000-
200A-2EB8-51B5-08DDE63A3CA5)
2025-08-28 14:09 +00:00 BEN REYNOLDS DOCUMENT SIGNED: FULL ACCOUNTS
2025-08-28 14:09 +00:00 SYSTEM FINALISING DOCUMENT(B5670000-16C5-BE5E-06B8-08DDE6390715)

More Information

For more information on electronic signatures and to validate this document was signed by the parties listed above, please visit www.fusesign.com