CHARITY REGISTRATION NUMBER: 1114079
FG CHARITABLE TRUST
Unaudited Financial Statements
31st May 2022
GRIFFITHS & PEGG LIMITED
Chartered Accountants
3 Hagley Court South
Waterfront East
Level Street
Brierley Hill
DY5 1XE

FG CHARITABLE TRUST
Financial Statements
Year ended 31st May 2022
Pages
Trustees, annual report
1to4
Independent examinerfs report to the trustees
Statement of financial activities
Statement of financial posltlon
Notes to the financial statements
8t014

Page 1
FG CHARITABLE TRUST
Trustees, Annual Report
Year ended 31st May 2022
The trustees present their repmjrt and the unaudited ffinancial statements of the charity for the year
ended 31st May 2022.
Referenco and admlnlstratlve details
Rogist6red charity name
FG CHARITABLE TRUST
Charlty reglstration numbor
1114079
Princlpal offico
24 THE WILLOWS
GLINTON
PETERBOROUGH
PE6 7NE
Tho tru$laes
Mr G Billage
Mr M Billage
Mr l Billage
Mrs B Billage
Mrs P Abrey
Mr G Smith
Mrs S Smith
Mrs S Billage
Ind•p8ndent examiner
Adrian Graingw. on behalf of Griffiths & Pegg Limited
Court S￿th
Walerfronl East
Level Street
Briedey Hill
DY5 1XE
Structurgj governancè and managemont
The Trust was eslabllshed by a charitable tnjsl deed on 14 March 2006.
The trustees who served during th8 year and up to the (late of signature of Ihe ffinanclal slalemenls
were..
Gordon Billago
Mark Billage
Barbara Billage
lan Billa
Pamela Abrey
Grant Smith
SLssan Smith
Shirley Billage
The trustees are appointed by a resolut￿n of a meeting of the trustees.
The Tnjslees conduct the affairs of the Ch2rlty in such manner as they may consider approprlale. and
may make such arrangements in relation lo the adminislralion of the Chaiity as they conslder
advisable. Decisions taken by a majorty of Trustees at any duly constituted meeting are valid and
binding on all trustees.

Page 2
FG CHARITABLE TRUST
Trustees. Annual Report (￿n￿￿￿ed}
Year ended 31st May 2022
Objectives and activitias
The Trust objeclrves are..
the relief of povety. distress or Suffering by the use of grants lo approprlale Christian organisalions
lo provlde assistance (whether medical, reh8bililalive financial or other) in any part of the worfd and in
particular {but without prejudice to the generalty of the foregoing) by provision of aid to the needy in
Africa, South America, the Indian sub-continent and e8Stem Europe whelher victims of:
(al breaches of human rights..
. (b) any public calamity {irKluding famine, earthquake or p8slilencel'.
{c) war or clvil disturbance;
Id) the immedlale or conlinulng effects of lack of natural or other resources,. or
le) any other cause of poverty di$tress or suffering
the promotion and advancemenl of the Christian faith the wornhlp of God and the spreadlng of the
gospel of the Lord Jesus Christ.
There has been no change in these policies or objectives during the year. The Iruslees have paid due
regard to guidance issued by the Charity Commission In d￿ldIng what activities the Trust should
undertake.

Page 3
FG CHARITABLE TRUST
Trustses. Annual Report (contlnued)
Year ended 31st May 2022
Achlevemgnts and porfomiance
Income for FG Charitable Trust is via Invested capltal managed by a spec4alisl company dealing with
many charities and lisled companies over a wde spre8d of industries and Gounlries. plus investments
In property in the UK and via Impact Investment projects in Kenya through two separate funds.
Investments are reviewed on a regular basis and via an annual meeting with the Accounl Direclor of
Ihe specialist company involving at least 2 or 3 tnJstee5.
Income from our Kenyan investments continues to be impacted by the slow recovery from the COVID
pandemic, however the outlook remain5 Strong, bul our investments are likely to be realised in the mid
to long term rather than the short term. There are Iwo properties in the UK that the TrLJSt has an
interest in. both by way of lerm loans being repaid monthly over a period of years. Income from these
propertie$ is distributed to projects as is the dividend income from the other inveslmenls. A third,
shared interest property was divested during the year by way of a gift lo the co-owners resulting in no
return lo the Trust.
Dlsbursemenls have continued to focus on supportlng organlsalions that work ￿th Children & Young
People as well as the Poor & Needy. though there has been an increase in support lo hospitals and
disaster relief rdecling the impact of COVID and other humanitarian crises across the wodd Ihis year.
The Trust also supports several Church and Communlty projects. As trustees we aim to support
smaller charities where we can make a greater difference, ialher than larger organisallons where they
receive funds from a wider base of contributors. An approximate indication of region5 and particular
needs supported, 1$ Shown below.
Funds allocated during the past 12 months were on the following basis=
2021122
71.6%
23.0°
30.9%
8.3%
5.8°
1.0%
2.6Yo
28.40
0.0%
2020121
78.0'.6
23.00
42.00
Overseas Projects
Africa
Asia
• Middle East
Europe IEXC. UK)
. South America
Rest of World
UK Projects
Overheads
2.5'h
2.oyo
0.0 /0
20.ODA
Disbursable funds were allocated lo the followlng areas of need:
2021122
30.0°
18.5%
17.6Yo
28.4V
5.5%
2020121
48.39/0
20.2¥0
10.50
17.2°h
3.8Vo
. Children. Young Peo￿e, Schools & Colleges
. Work among51 poor, needy, vulnefaUe & abused
Hospitals & Disaster Relief
• Chur¢h & Community PTojecls
Literature Distribution
Overseas visits or meetings with representatives have been posslble due to the impact of COVID
reslriclions. However, regular conlacl has been malntsined wherever posslble and the Trust hopes to
return lo visiting projects during the next financial year.
Overheads have signrficanlly reduced this year allowing &Jditional funds lo go to supporting projects.

Page 4
FG CHARITABLE TRUST
TNstees' Annual Report (¢onllnu8rfJ
Year ended 31st May 2022
Financial revlew
As in the previous year, the Injsl continued its support worldwide making a number of charitable
donat￿n$ to ¢ountries in many parts of the world.
The financial objectives of the charity are largely dependanl on World markets, and the effectiveness
with which funds in the investment portfolio are managed. As noted above, this risk is miligaled by
wider spread investment in lower risk investments.
The treasurer will maintain a positNe bank bal3[￿ at all times from which allocations will be made.
Regular income from investrnents Is ￿￿￿ed on monthty. quartedy and 6 monthly basis and the
trustees will ensure that dislribulions will always be confined lo that available from current funds in
hand.
Income lax recoverable in relalion lo donalions received under Gift Aid or deeds of covenant is
recognised al the time of receipt.
The trustees have assessed the major risks to which the Trust is exposed, and a￿ sallsfled that
systems are in place to miligale exposure lo the major risks.
Given the uncertain stste of the wodd markets, the trustees plan on continuing ￿th a restrained
approach lo investment based on lower risk investments with certain bul limited returns, with the
exception of the inveslmenls in Kenya mentioned above. which. although of a rlskier nature, aro
provldlng benefit through Ihe effect of impact inveslment.
The trus:ees' annual repryl was 8pprov6d on 29th October 2022 and signed on behalf of Ihe board of
trustees by:
Mr M Billage
Trustee

Page 5
FG CHARITABLE TRUST
Independent Examinerfs Report to the Trustees of FG CHARITABLE TRUST
Year ended 31 st May 2022
I report to the trustees on my ex8mination of the financral stalemenis of FG CHARITABLE TRUST
I'the chariVI for the year ended 31st May 2022.
Responslbllltles and basls of report
As th8 Iruslees of the charity you are responsible for the prep8ralion of the financial statements in
accordance with the requirements of the Chartties Act 20111.the Act'l.
I report in respect of my examlnallon of the charivs financial statements carried out under section 145
of the 2011 Act and In carrying c4Jl my examination I have followed all the applicable Di￿¢t10nS given
by Ihe Charity Commlssk)n under section 14515Xb) of the Act.
Indepandent examlnerfs statsmont
I have completed my examination. I confirm that no material matters have come lo my attention in
connection wllh the examinalion gNing me cause to believe that in any material ftspect..
accounting records were not kept in respect of the charity as required by section 130 of the
Acl-, or
the flnancial statements do not accord vAth those records,. or
the financial slalements do not comply with the applicable requirements concerning the
form and content of accounts sel out in the Charib'es {Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a
matter ￿InSIdered as part of an Independent examinalion.
I have no cor¢cerns and have come across no other matters in connection with the examination lo
whlch allenlion should be dravm in thls report in order to enable a proper understanding of the
accounls to be reached.
Adrian Grainger. on behalf ol Griffiths & PesYJ Llmiled
Independent Examiner
3 Hagley Court South
Waterfront East
Level Street
Brierley Hill
DY5 1XE
29th October 2022

Page 6
FG CHARITABLE TRUST
Statsment of Financial Activities
Year ended 31st May 2022
2022
Restricted
funds Total funds Total funds
2021
Unrestricted
fijnds
Noto
Income and endowments
Donations and legacies
Investment income
3,250
211.630
194.866
194.866
Totsl Income
194.866
194,866
214,880
Expandlture
Expenditure on charitable a¢tiviiies
Totsl èxpondlture
&7
{216.114)
1216.114)
1216.1141 (247,8001
(216,1141 {247,800)
Net (lossesygains on Investments
(269,737)
{269.737)
782.775
Net {oxpondlturo)Ilncome and ngt
movément In funds
(290.985)
1290,985)
749.855
Reconclllatlon of funds
Total funds brought fornvard
Total funds carrled fonvard
7,658,761
4,051
7.662.812
6,912,957
7,662,812
7.367.776
4.051
7,371,827
The slalemenl of financlal aclNJties includes all galns and loss8$ recognlsed In the yoar.
All income and expenditure derive from continuing acllvlties.
The notss M pagos 8 to 14 fomi part of these financial st*ements.

Page 7
FG CHARITABLE TRUST
Statement of Flnanclal Positlon
31st May 2022
2022
2021
Flxed assets
Investments
12 7.043,710
7,313,447
Current assets
Debtors
Cash at bank and In haThJ
13
162.432
166,855
174,070
176,465
329,287
350,535
Credltor8: amounts falllng due withln ono year
Net current assets
14
(1.170)
328.117
(1,170)
349,365
Total assets less ¢uirant liabilitlès
7,371.827
7,662,812
Net assets
7,371,827
7,662,812
Funds of the charlty
Restricted funds
Unrestricted funds
4,051
7,367,778
4,051
7,658,761
Total charlty fund8
15 7,371,827
7.662,812
These financlal statements were approved by the board of trustees and aulhorised for Issue on 29th
October 2022, and oign4A h-
' of the board by..
Mr M Billage
Trustee
Th• notss ¢n pagos 8 to 14 form part of these flnanclal st•tsmèrts.

Page 8
FG CHARITABLE TRUST
Notes to the Financial Statements
Year ended 31st May 2022
General Infomatlon
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the prinGipal office is 261A Charnwood Road, Loughborou9h,
Leicestershire. LE12 9NW.
statement of Compllance
These financi81 slalemenls have been prepared in C￿mplIance wth FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the Slalement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Charilies
SORP {FRS 102)) and the Charities Act 2011.
Accounting pollclos
Basls of preparatlon
The flnan¢ial slalemenls have been prepared on the hlstorical cost basi5, as modifled by the
revaluation of cert81n financial assets and liabilities and investment properties measured al fair
value through income or expenditure.
The flnan¢lal statements are prepared In sleriing, wh￿h is the fijnclional curr&ncy of the enllty.
Golng concem
There are no material uncerlalnlkgs about the charity's ability to continue.
Dlsclosure oxemptlons
The entity satisfies the criteria of being a qualfying entity as defined in FRS 102. Ils financial
statements are consolidated into the financial slalemenls of lenler name of group financial
5talemenls) wh¢ch can be oblained from lenler delaill. As such. advantage has been taken of Ihe
following disclosure exemptions available under paragraph 1.12 of FRS 102:
lal No cash flow statement ha$ been presented for the Company.
Ibl Disclosures in respect of financial Instruments have not been presented.
Judg¢ments and key sourcos of 8stlmatlon un¢ertalnty
The preparation of the financial statements requires management lo make judgements.
esllmates and assumptions that affect the amounts reported. These estlmales and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumsLqnces.
Fund a¢¢ountSng
Unrestricted funds a￿ available for use at the discretion of the tnJ$lees to further any of the
charity's purposes.
DeswJnaled fvnd$ are unrestricted funds earrnarked by the trustees for partlcular future project or
mmltmenl.
Restrtcted funds are subjected to ￿tr[CtionS on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of Iwo sub-classes: restricted income funds or
endowment funds.

Pago 9
FG CHARITABLE TRUST
Notes to the Financial Statements l¢ontlnu8dJ
Year ended 31st May 2022
Accountlng policios (conllnu¢dJ
Incoming resources
Al incomlng resources are induded in the statement of financial activities when enlillement has
passed to Ihe charity., it is probable that the economic benefits asswiated with the transaction
11 flow to the Charity and the amount can be reliably measured. The following specific poll¢ies
are applied lo partic#Jlar calewles of in￿me.
Income from donalions or grants is recognised whers there is evldence of entittemenl to the
gift. receipt is probabl8 and ils amount can bè measured reliably.
legacy Income is recognised vthen receipl Is Fyobable and enlrtlement Is estsblished.
income from donated goods is measured at the fair value of the goods unless Ihls Is
Impractical lo measur8 reliably. in which case the value is derived from the cost lo the donor
or the eslimaled resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
Income from contracts for the supply of s8ryice$ is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there Is a conlraclual
requirement for it lo be spent on a particular purpose and returned if unspent. In which case
It may be regarded as restricted.
Resources oxpended
Expenditure is recognised on an accruals basis as a liability L8 incurred. Expenditure include5 any
VAT which cannot be fully recovered. and is dassified under headlngs of the statement of
financlal activities to whlch il relates..
expenditure on raising funds includes the costs of all fundraising acllvilles, events. non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable actNlties includes all costs incurred by a charity In undertaklng
activities that further its charitable aims for the benefit of its beneficiarios, Includlng those
support cosls and costs relating lo the governance of the chanty apportloned lo charitable
aclivilles.
other expenditure indudes all expendrture that is neither related lo raising funds for the
charity nor part of its expenditure on charilable activit￿s.
All costs are allocated to expenditure categories reflecling the use of the resource. Direct costs
attributable 10 2 single actNity are allocated directly lo that activity. Shared costs a￿ apportioned
between the activriies they contri1￿le to on a reasonable, justifiable an¢J conslslent basis.
Investménts
Unlisted equity investments are inilialty recorded al cost, and sub5equenUy measured at falr
value. If fair value cannol be reliably measured. assets are measured at cost less impaimienl.
Listed investments are measured at faff value Y￿th changes in fair value being recognised in
income or expendilure.

Page 10
FG CHARITABLE TRUST
Notes to the Financlal Statements (condnued)
Year ended 31st May 2022
AGGountlng policigs {conUnu
Investments in associates
Investment¥ in associates accounted for in accorda￿ with the cost model are recorded al cost
le89 any accumulated impainnent losses.
Investments in assocrates accounted for in accordance with the fair value model are initially
recorded al the transaction price. At each reporting date, the investments are measured al fair
value, with changes in fair value taken through income or expendilura. Where it is impracticable
lo measure fair value reliably without undue cost or effort, the cost model will be adopled.
Dividends and olher distribvlions received from the investment are recognised as income without
regard lo whether the distribulions are from accumulated profits of the associate arising before or
after the dale of acouisilion.
Investments In Jolnt ventures
Investments in joinlly controlled enlities accounted for In accordance with the cost model are
recorded al cost less any accumulated impairmenl losses.
Investments In loinlly controlled entities accounted for in accordance with the fair value model are
initially recordeii at Ihe Iransaclion price. At each reporting date, the investments are measured
at fair value, with ¢hanges in fair value iaken through income or expenditure. Where il is
Impracllcable lo measure fair value reliably without undue cost or effort, the ¢osl model will be
gjdopled.
Dlvidends and other distributions received from the Investment are recognlsed as income without
regard lo whether the dislribulions are from accumulated profits of the joint venture arf91n9 before
or after the dale of a¢quisition.
lrnpairmant of flxed assets
A review for indicators of impairnienl is carried out al each reporting dale. with the recoverabl8
amounl belng eslimaled where such indicators exist. whe￿ the cafrying value exceeds th8
recoverable amount. the asset is impaired a¢cordlngly. Prior impairments are also reviewed for
posslble reversal at each reF)Orting date.
For the purposes of Impaimient lesling, when il Is nol possible lo estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the cash-
generating unit lo which Ihe asset belongs. The cashwerating unit is the smallest idenb'fiablo
group of assets that includes (he asset and generates cash inllows that largely independent of
the cash In￿OwS from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition dale, allocated to each of the cash-generating units that are expected lo benefit from
the synergies of the Combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnanclal Instrurngnts
A financial a55el or a financial liability is recognlwj only when the charity becomes a paty lo the
contractual provisions of the instrumenl.
Basic financial instruments are intlially recognised at the amount receivable or payable induding
any related transaction costs.

Page11
FG CHARITABLE TRUST
Notes to the Financial Statements (conrfnue
Year ended 31 st May 2022
Accountlng poli¢l?s {condnu8d)
Financial instruments (condnu•d)
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected lo be patd or re￿w¢d and not discounted.
Debt instruments are subsequenlly measured al amortls¢d
Whefe irbvestments in Shares are publicly traded or their fair value can otherwise be measured
reliably, Ihe inveslment is subsequently measured at fair value with changes in fair value
recognised in income and expendilure. All other such investments are subsequently measured at
cost less impaimienl.
Other financial Inslrumenls. including deriv8tives. are initially recognised al fair valu8, unless
payment for an asset is deferred beyond normal busines5 lemis or financed at a rale of interest
th21 is not 2 market rate, in which case the asset is measured al the present value of the future
payments discounted al a market rale of interesl for a similar debt inslrumenl.
Other financial Inslrumenls a￿ subsequently measured al fair value, with any changes
ognlsed In the statement of finanaal ￿liVIties. with the ex¢eplion of hedging instrumen18 In a
designated hedging relationship.
Financlal assets that are measured 81 cost or amortised cost are reviewed for objective evidence
of impaSrment al the end of each reporting dale. If there is objective evidence of impairment, an
impairment loss is recognised under the approprfate heading In the slalemenl of financl81
aciiviiies in which the inilial gain was recogni5ed.
For all equlty Instruments regardless of slgntficance. and other financial assets that are
individually signiflcanl. these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the ba￿S of similar credit risk characlerlslics.
Any reversals of impairment are recoJnised immediately, to the exlent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Donations andlggacios
Reslricled Total Fund$
Funds
2022
Restricted Total Funds
Funds
2021
Donatlons
Donations and grfts
3,250
3,250
Invostmont Incomo
un￿stricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Investment income
Interest recelvable
194.799
67
194,799
67
211,578
52
211,578
52
194.866
194.866
211,630
211,630

Page 12
FG CHARITABLE TRUST
Notes to the Financial Statements {conrfnuodJ
Year ended 31st May 2022
Exp•nditurfr on charltabla actlvltles by fund type
Unrestricted
Funds
Reslricled Total Funds
Funds
2022
Donations lo Overseas
Donations lo UK
Support costs
154.861
58.790
2.463
154,861
58,790
2,463
216.114
216.114
Un￿ll1Cted
Funds
Restricted Total Funds
Funds
2021
Donallons to Overseas
Donalions lo UK
Support costs
186,194
51,556
7.800
2,250
188,444
51,556
7,800
245,550
2,250
247,800
Expondlture on charttablo a¢tlvltl•s by a¢tlvlty typo
Ilvllles
undertaken
directly
Support Total funds
costs
2022
Total fund
2021
Donations to Overseas
Donations to UK
Governance costs
154,861
58,790
704
155,565
58,790
1.759
194,761
51,556
1,483
247.800
1,759
2,463
213.651
216,114
Net {lo$sosllgaln8 on Inv￿tM0nts
Unrestricted Total Funds un￿StrICted Total Funds
Funds
2022
Funds
2021
Gainslllossesl on listed investments
(269.737) (289,737)
782,775
782,775
Independent examlnatlon f￿8
2022
2021
Fees payable lo the independent examiner for.
Independent examination of the financial slalemenls
1.170
1.170
10. Staff costs
The average head count of employees durlng the year was Nil (2021: Nil).
No employee recefved employee benefits of more than £60.000 during the year {2021.' Nil).

Page 13
FG CHARITABLE TRUST
Notes to the Flnancial Statsments (¢onthu¢dJ
Year ended 31st May 2022
11. Trusteg remuneration and expgnsgs
No remuneration or other benefrts frorn employment wth the charity or a related entity were
received by the trustees.
12. Inveslment$
Other
Investments
Cost or valuatlon
At 1 sl June 2021
Additions
Disposals
Fair value movements
7,313,447
(69,8611
(199,8761
7,043,710
Al 31st May 2022
Impainngnt
At 1 st June 2021 and 31st May 2022
Carrylng amount
At 31st May 2022
At 31st May 2021
7.043.710
7,313,447
All Investments shown above are held al valuation.
13. D•btorn
2022
2021
Other debtors
182,432
174,070
14. Cr•ditors: amounts falllng due wlthln ono yoar
2022
2021
AccnJa18 and deferred in¢oma
1,170
1,170
15. Analyslg of charltable funds
Unrestrlcted funds
Al 1st
June 2021
Gains and
{losses}
At 31st
May 2022
Income Expenditure
Goneral funds
7,658,761
194,866
(216,114) (269,737) 7,367,776
Al 1st
June ￿20
Gains and
(losses)
At31sl
May 2021
Income Expenditure
General fvnds
6,￿9.9]6
211,630
(245.5501
782,775
7.658.761

Page 14
FG CHARITABLE TRUST
Notes to the Flnancial Statements (¢ontirtued)
Year ended 31st May 2022
15. Analysis of charltable funds (conthued)
Restrlcted funds
At1st
June 2021
Galns and
losse$
At 31st
May 2022
Income Expenditure
Restricted fund
4.051
4,051
At1st
June 2020
Gains and
losses
At31st
May 2021
Income Expenditure
Restrtcted fund
3,051
3.250
12.2501
4,051
16. Analysls of net assets between funds
Unrestricted
Funds
Restricted Totsl Funds
Funds
2022
Investments
Current assets
Creditors less than 1 year
Net assets
7,043.710
325,236
(1,170)
7,367,776
7.043,710
329,287
11,1701
7,371,827
4,051
4,051
Unrestricted
Funds
Restri•led Total Flind8
Funds
2021
Investments
Current assets
Creditors less than 1 year
Net a88•ts
7.313.447
346,484
11,170)
7.658,761
7,313.447
350,53S
11.1701
7,662,812
4,051
4,051