CHARITY REGISTRATION NUMBER: 1114079
FG CHARITABLE TRUST
Unaudited Financial Statements
31st May 2024
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 2024
Pages
Trustees, annual report
1to4
Independent examinerts report to the trustees
Statement of financial activities
statement of financial position
Notes to the financial statements
8t014

Page I
FG CHARITABLE TRUST
Trustees. Annual Report
Year ended 31st May 2024
The trustees present th8ir report and the unaudited financial statements of the charlty for the year
ended 31 st May 2024.
Reference and admlnlstrative details
Registered charlty name
FG CHARITABLE TRUST
Charlty regl8tratlon number
1114079
Prlnclpal offic8
11A WANNERTON ROAD
BLAKEDOWN
KIDDERMINSTER
WORCESTERSHIRE
DY10 3NG
The truste88
Mr G Billage
Mr M Billage
Mr l Billage
Mrs B Billag6
Mrs P Abrey
Mr G Smith
Mrs S Smith
Mrs S Billage
Mr A Chuter
Mrs L A Chuter
Independent examiner
Adrian Grainger, on behalf of Griffiths & Pegg Limited
3 Hagley Court South
Waterfront East
Level Street
Brierley Hill
DYS 1XE

Page 2
FG CHARITABLE TRUST
Trustees. Annual Report (Gontinued)
Year ended 31st May 2024
structure, govemance and management
The Trust was established by a charitable trust deed on 14 March 2006.
The trustees who served during the year and up to the date of signature of the financial statements
were..
Gordon Billage
Mark Billage
Barbara Billage
lan Billage
Pamela Abrey
Grant Smith
Susan Smith
Shirley Billage
Andrew Chuter
Lesley Chuter
The trustees are appointed by a resolution of a meeting of Ihe trustees.
The Trustees conduct the affairs of the Charity in such manner as they may consider appropriate. and
may make such arrangemenls in relation to the admlnistration of the Charity as they consider
8dvisable. Decisions taken by a majority of Trustees at any duly constituted meeting are valid and
binding on all trustees.
ObJ8Ctives and activltles
The Trust objectives are..
the relief of poverty, distress or suffering by the use of grants to appropriate Christlan organisations
to provlde assistance (whether medical, rehabilitative financial or other) in any part of the world and in
particular (but without prejudice to the generality of the foregoing} by provision of ald to the needy in
Africa, South America, the Indian sub continent and eastern Europe whether victims of..
(a) breaches of human rights.,
(b) any public calamity (includ ing famine earthquake or pestilence),.
(c) war or civil disturbance,.
(d) the immediate or continuing effecls of lack of natural or other resources. or
(e) any other cause of poverty distress or suffering
Ihe promotion and advancement of the Christian faith the worship of God and the spreading of the
gospel of the Lord Jesus Chrisl.
There has been no change in these policies or objectives during the year.
The twstees have paid due regard to guidance issued by the Charity Commi5slon in deciding what
activities the Trusl should undertake,

Page 3
FG CHARITABLE TRUST
Trustees, Annual Report (contlnu8d)
Year ended 31st May 2024
Achi8V8ments and performance
Investment Perforniance
Income for FG Charitable Trust is via invested capital managed by a specialist company dealing with
many charities and listed companies over a wide spread of industries and countries, plus investmenls
in property in the UK and via Impact Inveslment projects in Kenya through two separate funds.
Investments are reviewed on a regular basis and via an annual meetlng with the Account Director of
the specialist company involving at least 2 or 3 trustees.
Income from our Kenyan investments continues to be impacted by a number of factors. including the
slate of the Kenyan economy and changes in behaviour regarding commercial properly, however the
outlook continues to remain favourable. Our investments are likely to be realised in the mid lo long
term rather than the short term, and we continue to monltor progress on a regular basis with our
investment partners. The original aims of the investment by way of social impact have been realised
successfully. During the year, the Trust divested its interest in one UK property. the proceeds of whlch
have been added to our investment funds. The Trust continues lo have an interesl in one property in
the UK, by way of a term loan being repaid monthly over a period of years. Income from thls properly
Is dlstrlbuted to projects as Is the dividend income from the other investments.
Project Support
Thls year a number of vislts have been made to projects we support to See how those projects are
progressing, to beller understand their needs and to see how the grants are being used. Som8 of our
Trustees were able to vislt Zambla In September spending time with a number of the projecls
supported on a regular basls. A report was provlded to the rest of lh8 Trustees at th8 October
meetlng.
Disburs8menl8 have continued to focus on supporting organisations that work with children & young
people as well as the poor & needy. The incr@as@ in suppori to hospitals and disaster relief has been
maintained at a lower level, reflecting the impact of conlinued humanitarian Gfises across the world
this year. The Trust also continues to supporl several Church and Community projects in the UK. An
approximate indication of regions and partlcular needs supported, is shown below.
Funds allocated during Ihe past 12 months were on the following basis:
2023124
2022123
67,8 %
27.2 %
26.8 %
6.7%
7.1%
O.OQ/o
0.0019
30.30/0
1.90/0
Overseas ProjeGts
. Africa
. Asia
Middle East
Europe {Exc. UK)
South America
. Resl of World
UK Projects
overheads
35,5%
4.0%
0.7%
0.0%
23.2 /0
2.10/0
Dlsbursable funds were allocated to the followlng areas of need:
2023124
33.4 %
22.2 %
13.3%
2022123
26.7%
Children, Young People, Schools & Colleges
. Work amongst poor, needy, vulnerable & abused
Hospitals & Disaster Relief
. Church & Community Projects
Literature Distribution
. Admln & Overheads
Overheads have remained constant this year with travel being the18rgest cost due to visits to projects,
As trustees we aim to support smaller charities where we can make a greater differen¢e, rather than
larger organisations where they rec81ve funds from a wlder base of contributors.

Page 4
FG CHARITABLE TRUST
Trustees. Annual Report (Gontinued)
Year ended 31st May 2024
Financial revlew
As in Ihe previous year, the trust continued its Support worldwide making a number of charitable
donations to countries in many parts of the world.
The financial objectives of the charity are largely dependant on world markets, and the effectiveness
wlth which funds In the investment portfolio are managed. As noted above, this risk is mitigated by
wider spread Investment In lower risk Investments.
The treasurer will maintain a poslllve bank balance at all times from whlch allocatlons will be made.
Regular Income from investments Is receiv&d on monthly. quarterly and 6 monthly basis and the
trustees will ensure that distributions will always be confined to that available from current funds in
hand.
Income tax recoverable in relation to donatlons rec8lved under Gift Aid or deeds of covenant is
recognised at tho time of receipt.
The trustees have assessed the major risks to which the Trust Is exposed, and are salisfied Ihat
systems are in place to mitigate exposure to the major rlsks.
Given the uncertain state of the world markets, the trustees plan on continuing with a restrained
approach to investment based on lower risk investments with certain but limited returns, with the
exception of the investments in Keny8 mentioned above, which, although of a riskier nature, are
providing benefit through the effect of impact investmenl.
The truslees, annu81 report was approved on 9th October 2024 and slgned on behalf of the board of
trustees by:
Mr M Billage
Trustee

Page 5
FG CHARITABLE TRUST
Independent Examiner's Report to the Trustees of FG CHARITABLE TRUST
Year ended 31st May 2024
I report to the trustees on my examination of the financial statements of FG CHARITABLE TRUST
('the charity.) for the year ended 31 st May 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's financial statements 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..
accounting records were not kept in respect of the charity as required by section 130 of the
Act., or
the financial statements do not accord with those records", or
the financial statements 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 accounls 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.
Adrian Grainger. on behalf of Griffiths & Pegg Limited
Independent Examiner
3 Hagley Court South
Waterfront East
Level Street
Brierley Hill
DY5 1XE
9th October 2024

Page 6
FG CHARITABLE TRUST
Statement of Financial Actlvltles
Year ended 31st May 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricled
funds
Noto
Income and 8ndowm8nts
Donations and legacies
Investment income
4.700
206.464
4,700
206,464
610
194,167
Total income
211,164
211,164
194,777
Expendlture
Expenditure on charltsble activities
Total expenditure
281,143
281,143
281,143
265,534
281,143
265,534
Net gainsl(losses) on investments
503,801
503,801
{267,651)
Net Incomel{expendlture) and net
movement In funds
433,822
433,822
(S38,408)
Reconciliaflon of funds
Total funds brought forward
Total funds carried forNard
7.029,368
4,051
7,033.419
7,371,827
7.463,190
4,051
7,467,241
7,033,419
The statement of financial aclivities includes all gains and losses recognised in the year.
All Income and expenditure derive from continuing activities.
The notss on pages 8 to 14 forni part of these flnanclal statemènts.

Page 7
FG CHARITABLE TRUST
statement of Financial Position
31st May 2024
2024
2023
Flxed assets
Investments
13 7,279,860
6.776,059
Current assets
Debtors
Cash at bank and in hand
14
37,261
151,380
150,794
107,766
188,641
258,560
Creditors: amounts falling due withln one year
Net current assets
15
{1 ,260)
187,381
(1,200)
257,360
Total assets less current Ilabllltles
7,467,241
7,033,419
Net assets
7,467,241
7,033,419
Funds of the charity
Restricted funds
Unrestricted funds
4,051
7,463,1go
4,051
7,029,368
Total charlty funds
16 7,467,241
7,033,419
These financial slatements were approved by the board of trustees and authorlsed for issue on 9lh
October 2024, and are signed on behalf of the board by:
Mr M Billage
Trustee
The notes on pages 8 to 14 form parl of these flnanclal 8tatem8nts.

Page 8
FG CHARITABLE TRUST
Notes to the Financial Statements
Year ended 31st May 2024
General information
The charity is a public benefit entity and a registered charity in England and Wales and is
unlncorporated. The address of the principal office Is 11A Wannerton Road, Blakedown,
Kidderminster, Worcestershire, DY10 3NG.
Statement of compllance
These financial statements have been prepared In compliance wlth FRS 102, The Financial
Fleportir)g Standard applicable in the UK and the Republlc of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordan￿ with the
Financial Fleporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
Accountlng policies
Basis of preparation
The financial statements have been prepared on Ihe historical cost basis, as modified by the
revaluation of certain financial assets and liabllities and investment properlies measured at fair
value through income or expenditure.
The financial statements are prepared in sterllng, which is the funclional currency of the 8ntity-
Golng concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial
statements are consolidated into the financial stalements of (enter name of group flnsncial
statements) which can be oblained from (enter detail). As such, advantage has been taken of the
following disclosure exemptions avallable under paragraph 1.12 of FRS 102-
(a) No cash flow statement has been presented for Ihe company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
eslimales and 8ssumptions that affecl the amounts reported. These estimates and judgements
are continually reviewed and ar$ based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumslances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions 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
endowrnent funds.

Page 9
FG CHARITABLE TRUST
Notes to the Financial Statements (contlnued)
Year ended 31st May 2024
Accounting policies (continued)
Incoming resources
All Incoming resources are included in the statement of financial activities when entltlement has
passed to the charity,. il Is probable that the economic benefits associated with the transactlon
wlll flow to the charity and the amount can be reliably measured. The following specific policies
are applied lo particular calegories of income..
income from donatlons or grants is recognised when there is evidence of entitlement to the
gift, receipt Is probable and Its amount can be measured reliably.
legacy income Is recogni88d when receipt is probable and entilement is established.
income from donated goods is measured at Ihe fair value of the goods unless this Is
impractical to measure reliably. in which case the value is derived from the cost to the donor
or the estimated 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
tha contributlon of general volunteers.
incorne from contracts fcr the supply of services is recognised wilh the delivery of the
contracted service. This is classlfied as unrestricted funds unless Ihere is a contractual
requirement for It to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is r8cognised on an accruals basis as a liability is incurred. Expenditure Includes any
VAT which cannot be fully recovered, and is classified under headings of the slat8ment of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events,
non~charitable trading activities, and the sale of donated goods.
expenditure on charitable activilies includes all costs incurred by a charity in undertaking
activities that further Its charitable aims for the benefit of ils beneficiaries, including those
support costs and costs relatlng to Ihe governance of the charity apporlioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charltable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attribulable to a single activily are allocated directly to Ihat activity. Shared costs are apportioned
between the activities they contribute to on a reasonable. justifiable and consistent basis.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair
value. If fair value cannot ba r&liably measured, assets are measured at cost less impairment.
Listed investrnents are measured at fair value with changes in fair value being recognised in
income or expenditure.

Page 10
FG CHARITABLE TRUST
Notes to the Flnanclal Statements (continued)
Year ended 31st May 2024
Accountlng pollcles (conllnued)
Investments In associates
Investment5 in associates accounted for in accordance with the cost model are recorded at COSt
less any accumulated impairment losses.
Investments in associales accounted for in accordance with the fair value model are initially
rewrded at the transaction price. At each reporting date, the investments are measured al fair
value, with changes in fair value taken through income or expenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acqulsition,
Investments in jolnt ventures
Investments in jointly conlrolled entities accounted for in accordance wlth the cost model are
recorded at cost less any accumulated impairment losses.
Investments in jointly controlled enlities accounted for in accordance with the fair value model are
initially recorded at the transaction price. At each reporting date, the investments are measured
at fair value, with changes in fair value taken through income or expenditure. Where It is
impracticable to measure fair value reliably wllhout undue cost or effort, the cost model will be
adopted.
Dividends and other dislributions received from the inveslment are recognised as income wilhout
regard to whether the dislributions are from accumulated profits of the joint venture arising before
or after the dale of acquisilion.
Impalrment of fixed assets
A review for indicators of Impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reportlng date.
For the purposes of impairment testing, when it Is not possible to eslimale the recoverable
amount of an individual asset, an estimate Is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identtfiable group of assets that includes the asset and generales cash Inflows that largely
independent of the cash inflows from other assets or groups of asset5.
For impairment tesling of goodwill, the goodwill acquired in a business combination is, from Ihe
acquisition date, allocated to each of the cash-generating units that are expecled to benefit from
the synergies of the combinalion. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnancial instruments
A financial asset or a financial liabilily is recognised only when the charity becomes a party to the
contractual provisions of the instrumenl.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.

Pag8 11
FG CHARITABLE TRUST
Notes to the Financlal Statements {contlnued)
Year ended 31st May 2024
Accounting pollcle8 (contlnued)
Financial instruments (contlnued)
Current assets and current liabilities are subsequently measured at the cash or other
consideration expecled to be paid or received and not discounted.
Debt instruments are subsequ6ntEy measured at amortised cosl.
Where investmenls In shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost les5 impairment,
Olher flnancial Instruments, Including derivatlves, are initially recognised at fair value, unless
paymenl for an asset is deferred beyond norm81 business terms or financed at a rale of interest
that is not a market rate, in which case the asset is measured at the pr8sent value of Ih@ future
payments discounted at a market rale of interest for a similar debt instrument.
Olher financial instruments are subsequently measured al fair value, wllh any changes
recognised in the statement of financial activities, with the ex￿ptIon of hedging instrum8nts in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for oblectlve evldence
of impairment at the end of eaGh reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financlal
activilies in which the initial gain was recognised.
For all equity Instruments reg8rdless of slgnrficance, and other financial assets that are
individually significant, these are assessed individually for impairment. other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of Impairment are recognised immediately, to the extenl Ihat 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 and legacios
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donatlons
Donations and gifts
4,700
4,700
610
610
Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Investment income
Interest receivable
203,401
3,063
203,401
3,063
193,182
985
193,182
985
206,464
206,464
194,167
194,167

Page 12
FG CHARITABLE TRUST
Notes to the Flnanclal Statements (Gontinued)
Year ended 31st May 2024
Expendlture on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations to Overseas
Donations to UK
Support costs
212,524
62,662
5,957
212,524
62,662
5,957
185,142
74,596
5,796
185,142
74,596
5,796
281,143
281,143
265,534
265,534
Expendlture on charltable activlties by actlvlty type
Activities
undertaken
directly
Support Total funds
COSts
2024
Total fund
2023
Donations to Overseas
Donations to UK
Governance costs
212,524
62,662
4,197
216,721
62,662
1,760
281,143
189,349
74,596
1,589
1,760
275,186
5,957
265,534
Analysis of support costs
Total 2024 Total 2023
Support costs - Travelling expenses
4,197
4,099
Net galnsl(losses) on Investments
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Gainsl{108ses) on listed investment8
503,801
503,801
(267,651) (267,651)
10. Independent examination fee8
2024
2023
Fees payable to the independent examiner for..
Independenl examination of th8 financial statements
1,260
1,200
11. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nill.

Page 13
FG CHARITABLE TRUST
Notes to the Financial Statements (continusyd)
Year ended 31st May 2024
12. Truste8 remuneration and 8xpons8S
No remuneration or other benefits from employment with the charity or a related 8ntity were
re￿iVed by the trustees.
13. Investments
other
Investments
Cost or valuation
At 1 st June 2023
Additions
Falr value movements
6,776,059
503,801
At 31st May 2024
Impalrment
At 1st June 2023 and 31st May 2024
Carrying amount
At 318t fvlay 2024
At 31 st May 2023
7,279,860
7,279,860
6,776,059
All investments shown above are held at valuation.
14. Debtors
2024
2023
other debtors
37,261
150,794
15. Credltors: amounts falling due wlthln one year
2024
2023
Accruals and deferred inwme
1,260
1,200
16. Analysis of charitable funds
Unrostrlcted funds
At 1st
June 2023
Gains and
losses
At 31st
May 2024
Income Expenditure
General funds
7,029,368
211,164
(281.143)
503,801
7,463,190
At 1st
June 2022
Gains and
loss8s
At 31st
May 2023
Income Expenditure
General funds
7,367,776
194,777
(265,534) (267,6511 7.029,368

Pag8 14
FG CHARITABLE TRUST
Notes to the Financial Statements (contlnued)
Year ended 31st May 2024
16. Analysis of charitable funds (contlnuod)
Restrictod funds
At 1st
June 2023
Gains and
losses
At 31st
May 2024
Income Expenditure
Restricted fund
4,051
4,051
At 1st
June 2022
Gains and
losses
At31st
May 2023
Income Expenditure
Restricted fund
4.051
4,051
17. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Investments
Current assets
Creditors less than 1 year
Net assats
7.279,860
184,590
{1,260)
7,463,190
7,279,860
188,641
(1,2601
7,467,241
4,051
4,051
Unrestrict8d
Funds
Restricted Total Funds
Funds
2023
Investments
Currenl assets
Creditors less than 1 y8ar
Net assets
6,776,059
254,509
(1,2001
7,029,368
6,776,059
258,560
{1,200}
7,033,419
4,051
4,051