Company Registration Number 6112422
Charity Registration Number 1119064
THE GOSHEN TRUST
(a company limited by guarantee and not having a share capital)
REPORTS AND AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
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THE GOSHEN TRU CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 Pg¢s TitsstCE5' Annual Report lindudinK D¢rett•r5' R¢port) 1104 lidepende#t Audlior's Report to the Nlembtr5 5107 Stattment of Fintyci•l A¢livilie5 BalAtt¢¢ Sh¢ S¢at¢ment of C•sh 10 iyotu lo the Fxbancial St•tem¢its
P4g¢ I THE GOSHEN TRUST TRUSTEES, ANNUAL REPORT (INCLUDING DIREoRS• REPORT) FOR THE YEAR ENDED 5 APRIL 2021 The dÈwEcior&iiustecs Dre plcwd io pruent thEir tOBth with tht fInwl&l Sements of th¢ d)arihible ¢ompany IthE chariiyl for theyellr endcd S April 2021. Thc financial sthiemEnts bEcn prcpared in llCCord with th¢ arling FwJIicic5 sei out in the nthes io thc accounts and comply with the chariiy's 8ov¢rning do¢umcttL the Charitics Acl 20118Th1"Acwunling atKI R¢portin8 by chjrii1 &airmeni of Rccornmended PNti¢¢ upplicable to chariiies rKtparithg their accounts in COrdanCe Mith th¢ F11¢1 Reporting Sthrthd applieable in th¢ UK and R¢public ofirelaThJ'. published on 16 Juty 2014 las gmeth by Upth Bulbio published in Odobcr 2019k LEGAL AND ADMINISTRATIVE INFORMATION COpanY ReKt5trntlon No: 6111422 Charity ReKi5trAtioA No: R¢gtstered oifKe: Barringlon House 4145 Yarni Stockion-on-Tc¢s TS18 3EA DlrEEtor5: Mr. A.G. Dickcn Mr5. P.& Dtcken Mr. J.R. Dicken Ms. KA. Dicken lappoinied Juty 2021) Aiditors: Bain¢s J¢witt Limid ChartEd Barringwn Hoyse 4145 Yami La StkI0nn-TCeS TS183EA Solleltors: Ath IAW LLP LHke5ide House Kingfiskr Wlly Sto&lonT5 TS183NB BAnkers: BorclaLyS Bk pk 49 Hi8h St1 Si(k.10-owTtt5 TS18 IAH
PBge 2 THE GOSHEN TRU TRUSTEES. ANNUAL REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 5 APIUL 2021 GOVERNANCE, STRucfuRE Af4D MANAGEMENT Govornlng Imxtrumenl Th¢ G05hen Tnly 15 4 ¢ompgDy linuied by guarrt rcgiAered in Engld Ide 0finw1pL10n 16 FebruDry ?)7 Th¢ chtirity'$ a¢iivilie5 ur¢ gula[c by its MeMOrnn m¥J Articksof AsSOclOn. The objLYts Df thc dwily arE to &ppty thc income llnd capiiAI of the charity for such charithble pu05t5 tys lh¢ thwity St1] in it5 thokne discre11 deierniiD¢. 'Charsinble' shall m&in chariiabl¢ ¢01n8 io ihe lui¥ DfEnBlwnd Waks Dlrett•rs Thc charity curr¢ty hL% flve direcior& Thc diTedot50f the cknty gre akntnLS¢S for the purposE orch1¢Y Illiv. DIY to DAY ManAgernent The day d8y man4cm¢DI and T18 of the clmriiy is Undert. ty A. Di¢km Tru51L Objects ind Ac¢ivl¢l¢s The principal aciivii}' ofihe charity is 10 encournge develop projects %%thich OthVis¢ QUId rw)T k able to rexh an errcclivL Dprralionnl conclusion. Appoi•tmeDt Trailing of Dirttt•rs The chariiy ¢nsurts that cxislirbg directors Lre kcpl infonncd of th¢ a¢¢ivitie5 aThJ perfOrn' of th¢ ¢h¥iiy Jnd ar¢ providd iiith regul maThagcrncll¢ infoThaiion. Directors t¥( peri(Mli¢aJly thrtyJglthi thr Ye to r¢view oll of ¢hAril>'s aciivili¢s. The direciors k¢ep ¢h¢ ¢Dmr)5ilioTh of ihe Board wder revith% a11"11] 5¢rk to aPPDilli addiiiLMJal members io ho¥¢ the appropriDte skÉlls ¢xpenise should thc nccd aris& Intetcstrd We giv¢th dthijs of the b4KkgrouNI of thc charity in ordtr LO makr th¢m ofcurreni activilic5. Prortdures And Polities for Gr¥o1 M•kiTrB Thc chwily inYile5 Ivwllten applic•ions for grnnts frLxn Chri51van Organi1(5 in EnglarMI •d Wolcs alihough grants are madc to oiher part5 of the UK and Dr5e& and the irusiees art particulHrly i¢T¢ed sw>pJninE chariiie5 in North Easi of England ibthcre ssible. The ¢hariiy rc¢civc5 rnany more 4jp11ca% than il has fund5 SUP It Is Ihc airn olihe chjriiy 10 ctt¢ourdge 4LrwJ dcvetop rimEan wjitcts iTrlLich may rM)t be able to r¢a¢h eif¢aiv¢ op¢raiioMI conclusion ivell as Sw)rting thos¢ alread). ii'ell esthblisl Th¢ In¢¢5 con5tder thryt ih¢ number of chaTi¢ic5 5uprA)rttd during the )ear dthnotWTrieS h5 bcnefK1arlL. and ihrough th¢m 10 the public, th&1 Ihe chwily rnccis thechariiy CiJmJni55iUll'5 guidurKe on Ch¥iiy and Publi¢ fiLnL'fii. All applicolion5 arr loggrf ferenCed on r¢c¢iM ami arknowlvjged via email 5Ling M should th¢ applicatii nol receive further Communi110 Jner th¢ duic of 51ll1. riexl ¢ruS5n1 th¢n tho. shoutd c£msithr th¢ 8ppli¢uiion lo havc E¢cn un5ucce55ful. The Injsiees gentrally mLi sevcral iirne5 & yf4r io nSir aryj rcvicw appli(irn5 iyhich have already been refetcnccd and a surnm di51ritwi¢d 10 the imS¢s. Some grdnl making dtttsiffis may alY have bren a8reed VeJ1 by thE tsWIL%s in thc inlcrim WiLxI WMI the5c are rniifitd at ncxl iru5tee5 meeiin8. ACHIEVEMENTS AND PERFORMANCE When plannins ihe activiiits for the yew. thc diTecws have coThsidered the Chxity Commis5ion'5 gu•danct on public benefii in rlicular, the 5rKcifK 8uÉdanc¢ Osb ¢hariii¢s for the of rcli8th. The charily 15 based in the North E&%1 ofEngland bui ai 10 5UPP(irt rharilable acliviiics both in th¢ UK Jd abroll(L Thi5 is hiL*ed b). m¢ans of loans and 8rnnis and ihL chilY aim5 10 pmvid¢ finlln¢e lo hclp churches artd Dther charilabl¢ wwisutions initial¢ proi¢¢is might oth¢Thvise noi bc 5Lffied. Thc chariiy hupes io aThl ¢%pand Ihis iyork in fuiur¢yeArs.
PaBe3 THE COSHEN TRusr TRUSTEES, ANNUAL REPORT UNCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 5 APIUL 2021 ACHIEVEMENTS AND PERFORMANCE (contlnmedj Durin8 Ihc yur. thc chariiy hLs coniinued kn lSUC 115 obFdiv¢5 as olID¢d above, as iell as InveI1nB the PD5sibiliiies or Providing loans for ihc of puwh85ing premises for us¢ os plxc5 0( WLV5hip and minisuy by oihcr& Thc directors have a]so eniNed in¢0 informal with UK ¢l¥Jrthes w pMvKIE INI aThJ S4)rrt followin8 global Ara1 di5asw& thu5 ¢nablinB 4tt0uniability io be rpdily availd>k. Thc rnain HchiEv¢m¥nl during iheyear wa Grdnt5 dO[lOn5 lotailing £353.295 (202fr. £64729) were Made rn0 than 29 {2020: 31)chDriiabk owi5alion5. Sy¢¢¥¥s is Msured by the level of chwiia>k don105 thx ure abl¢ be m. moniiorinB af btncfieiary rcsponsty rcque51inB infDmiatI( on aulcatnC5 8TwJ vi5iling proicrts gjswncd ty the ch¥ity. Sin¢c March •020. the Covid-19 paThJemic h&% h¥1 am urw¢ud¢nd Im thc ¢nvironm¢nl in which thc clwiiy opcrdtes. ThL5 ha5 150 had impllci on the quoicd inve5tmeNs which have wricThted sw vojwiliiy o¥tt the ]Kriod. The ¢lmTity hns reduced the ovcrnll levcl of 8rn15 paid in this un#able lime. FINANCIAL REVIEW Th¢ chwiiy has w¢eived incoming resourccs amoun11r 10 U(VJ.945 17020.. £236.2531. Tothl rtsources CXPLn&d amollnied io £456,66? 1?020: £773,832) irbcluding granls and don15 of £J53295 12020: £64&729). Ther¢ ivas an unrea]iseil gain of £iJ54,330 12020: unrcali5d1055of£832233} SfL5ing on the revthioTh of inVtStrts athd inv¢stsn¢ni pmPy. livtstment Poll¢y The dirL•thof5 are looking minimise the oi¢rnll ¢ash r¢xYv¢s and knk for addilional tharithblc pmrtnewships which ivill give a bciicr reiurn on rtnaThces. W¢ hav¢ inva¢d in Grttn Pasturffj a tharit). Mlbith prDvid¢5 church¢5 iyiih housing for the hornele55. TIL15 m¢ilS our ¢hari¢Abl¢ and irtvestsiicnl Straicgi¢& Thi5 invcsurKnL logthhu ivith IL51ed 5ecuritie5 held Invcmcc and ihL Charilics Official Invcslmcni hcld iviih u view 5uMained income and ¢apithl 8roi¥th. The chariiy folloivs an inVes¢ml strai¢u' with viciv to rnainthining an income Mrcam 10 mtti existing and fuiure dondions. Thc charity 4150 hold5 pr(VWllTn¢ lted invc51mcn15 In Ib¢ forn) orrr¢¢hold prwy PAMI ¢on¢¢ssiow lom Thare all hckl lo lunhw the chwithk oblIVeS ofihE chariiy. Rwryes Poliry Th¢ cknrily receive5 incomc from rents znd nTell on inv¢suntNY. ID llddiiiorn unsoli¢iieil gifts whirh arc gaKrally oran unrcsirtcd naiurc. we received distrib¢d IN uryordancc with thc drIt> s gcrKrdl puwscs undcr its Mernorandum ANicles or A5swiaiioD. In ord¢r io ¢oniiou¢ to m&k¢ (b]bI¢ th)natiOn5 of ih¢ SI hi1]1>. xllieird iviihin the a1ville5 of ihe churiiy. the direciors K¢epi ihat the charity mu51 mainiain a signifinI lThel ofTCSeTh chllriiy's policy is 10 5pcnd any income rtceived in tl year w¢ rts¢rv¢s An) expendilure over and above this income. Hoiirv¢r. 3Ty syrplus m8y ¢uNi¢d forn1 forusc in thr (E5ccabI¢ futu. Risk Th¢ direc1a have csidered Ihe major risk"5 to ihich the chariiy may b¢ ¢¥ ONI hav¢ n¢s5Y slcps to miliBal¢ thc impacl of th¢sc ri5k5 should unforeseen circumsLwces ise. The major risk- rnlcd b) ihc dircdoT5 15 thai of iniern31 Mc cxrrfTrsurc. As siBnificani of inv¢nts arc d¢pol wilh vuriou5 fuuuKial ins1iiuii(KN Ihere is a risk- lomcr iniern M¢s wtll have dcirim¢nthl impa¢1 on i¢KortK. Th¢ diFeciots 5cek to rniiiwe this risL. by lIs1n8 both short-iem? aJMI longcr4cmi deposits lo achieve the [SK b¢ncfi¢ial and cn5ure low rn 4ppfopii¢ ra Giv¢n th¢ 5impli¢ity ofoperation& no oth¢r signifKart li5k faE¢w5 tKthI. Fyidr•ising Th¢ chwity do¢s 0[ w oui fundraising aElivili¢& Income is gencrd thTwEh inve5trTrents held by th¢ ¢hariiy and chariuthle aciiviiie& RtJ4ted Parties None of the chariiy's inwees receive r¢mnewion othcr benefit frnm their OrK. with ¢hariiy. Foi dethils of r¢lffied pmy Irubsaclions during th¢ y¢arunder r¢view Pic5¢ nole 24 10 th¢ financiw] PLANS FOR FUTURE PERIODS The dirL'dors irtlet to ¢ontinuc invelling in chrIlaTh TKoietts and 1vill¢S ill PCfDrdarKe with the charity's soverning documcni At)d a15D 10 5llf¢guwd It fixed snd asset base as a mof glThB SJ5tuinabk anrwal incorne forthis purtxis ror Ihc forcseeJble fuiur¢, th dircrlor5 arc %eking reduce eX[dIlre in line ivith in¢om¢ 10 make the irvsi viabl¢ for th¢ longer ierni. Also. looking ui lh¢ long4erm s)ts¢ainabilily of ihc thc dircctrrfs have apwir&¢d 8 youpgLT dIor kn thc tru 30 July ?021.
Pale 4 THE GOSHEN TRUST TRUSTEES, ANNUAL REPORT IINCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 5 APRIL 2021 ATEMENT OF DIRECTORS, RESPONSIBILITIES The dwe¢iots (who thrr also uu5e5 ofthe ch¥itsble CoMpY for the pwp>ses of Lknity. laiv) ar¢ rwn5ible for preparing Ihe Rewn of Ik. Dir¢¢¢0 and the fioan¢iaJ a¢¢mell irh accord with Se1 I1(b law and Uniied Kingdom A¢wunting StAndards Iuniied Kingdom Generally AtceOcd Accounling PraElifCI. Comp) lthw rewires the direuoTS io prcpare financial SLMunents fiyr eh finaneial )'ear which givc ll IruE fair view ofihc slate or ffaits of the ¢hwity and of th¢ inrorning rwwce5 8Th1 applicaiion of re50wccs of the clwiiy for wiod. In preparing these riNan¢ial s¢emen the dirLTlor5 r¢quird . s¢ltti suilablc accountin8 policieswKI then appty Consi. ob5erv¢ the MethJ prin¢iple5 in th¢CPwriii¢s SORP?015 (FRS 1021. rn¢ J¢mEnts and eA]maS that are reawnth]e Tlty' Slaic wheiher ¥ipliokble UK AccourtiDB sthndaS tAve follow¢tL 5wbi¢a mthyiaj departufts disclosd arml cxplBincd in ihe financial SLucmcni5: prcparc Ihc finrra1 on the going concern blS Dnlcss il is 10 lh4 ihe ehwiiy will continue In Thl di¢10¢5 ¢ r¢sp)osible for kL%ping adwe aE¢ouniing records disclosc wÉth rcwnable accuracy * aThy time the fjnanciol rMTrsiiion of the chariiy and enable thtm ¢0 ¢TtsYT¢ The fanCIal swi¢ments (ompl) Iviih thc Cornpanie5 Aci 2006. Try llrc also rwx)n5iN¢ for &if¢guar(linB th¢ assets ofthe ¢hDriiy for tsking TOnabl¢ slqJ5 for . veni10n and deieeiion orrraud and hLT irre8uIuiiics. DISCLOSURE OF INFORMATION TO THE AUDITOILS Wc. lh¢ dir¢Cr5 ofthe tharity wljo hLld oifKe * the d of4ypffDvai ofthese firn¢la1 as s¢1 •bovL cxh confirni, for arc oware. that.. Ihere is no relevant audit infofmion ofwthich the charii)'"sawiis ar¢ and Ive have iak¢n all th¢ th4bt ought to have thkcn as iru51ee5 in order w mak.e outselves aware of any relcvani audii infarmation orLd io atsblith lhth¢ clwity's awliKv5 of infornwion. Th¢ direciors have this TepDrt in xcordance with ihe 4£1 pnwisiorrs ofth 15 ofthe Companics A¢1 NKt6 rclaling lo small ¢ompani¢s. i¥l.i.a. la! Approved by rhe dirccior5 W ..... . . Lnd SiEnLid on their bchulf by.. Mr& A. DiekeA Dirtc(or
Page 5 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GOSHEN TRusr FOR THE YEAR ENDED 5 APRIL 2021 Oplnio We have audited the financial 51alem¢nts ofTr GL)sIKn TThst (the 'charitsble company,) ftr the ye4r ended 5 April 2021 whieh comprise the Statement of Financial Activi¢ie4 the Summary IrKome and Expendiwre Accouni the Balance SheeL Ihe Sialemenl of Cash Flows and the rel&ed noie& The finartc1 reporting fratnewLKk ihat has been applied in their prepardtion is applicable and Uniied Kingdom Accounting Standards including Financial Reporting Standard 102 'Th¢ Financial Reporting SLindard applicable in the UK and R¢publir of Ireland. (United Kingdom Generally Accepted Accounting PrlItt). In our opinion. the financial 5tstements- giv¢ a tru¢ and fair view of the state of the charitsble cnpanY'S affairs &s * 5 A wil 2021 and of its incoming resources and appli¢aiion ofresourc¢& including its income and expeThJiiur< for the year then ertded. have been properly prepared in accordance with United Klrtgd Gejwally A¢tepted Accounting Practice. and have been pr¢w¢d in acconlance with the requirements of the Companies Aci 2006. Other Matter The CorreSding figures for theyear ended 5 April ?0 aR unaudiie(L B95is for Oplnio We conducied our audii in K¢ordan¢e with Inrnational Sthndard5 Auditing {UK) (ISAS (UK)) and applicable law. Our respoH5ibililies under th( standard5 are furtheT described in the 'Audiior's Resw)nsibililie5 for ihe Audit of th¢ Financial Siaiements, sectioll of our reporL We are independent ofihe charithble ccmpany in aeeordance with the ethical requirements that are relevant io our audit of the financial slements in ihe UK including lh¢ FRC'5 Ethtc41 Stundard. 4nd Ive have fulfilled our other ethical responsibilities in accordance wilh these requirements. We beli¢ve that ¢he audit ¢Yid¢nr¢ we have obtained is 5ufficieni and appropriate io provide a b&sis for opinion. Conelusioxs reloting lo Going Concern In auditing th¢ finan¢ia] statements. we have Concluded that the d•rectors' use of the going concern b&sis of accoun¢ing in the prepar4¢ion of the financi sthtements 15 approwle. Based on the work we have performed. we have not identified any material uncertainti¢5 rElp¢ing lo events or cvndilions thai, individually or ¢olle¢tiv¢ly. may ¢ast significant doulm on ihe company's ability io continue a5 4 going conc¢rn for a period oral leas¢ twelve month5 from when the financial sthiements are auihorised for issue. Our respnsibilities and the respon5ibililies of the directors with regard tD Boing ar¢ descril in the relevant seclions of ihis repo Other Inforniatlon The irusttts are responsible for ihe other infonnalion. The other infonnion comprise5 th¢ information included in ihE INsiees' annual r¢porL oiher than the financial statements and our audiior's rerKJrt ihereon. Our opinirm on the financial siatemenis does not cover th¢ other infoTmation and. ¢CrA io the exieni oiherwise explicitty sthted in our T¢porL we do not expres5 any forni of assuTrnce conclusion thereLm. In ronneclion wilh i)ur Judit of the financial SeMents. our rewsibility is to rwl the other inf(Kmation and, in doitbg 50. consider whether the other inforrnalion 15 materially inconsi5teni with the financial Mii¢men15 or our knowledge obtained in the audil or otheThvis¢ appear5 to be materialty missraied. Ir we iden(ify such rna81 inconsistencies or appareni maierial missiaiements. we are required to delerniine wheiher there is a material mi55tat¢m¢nt in lh¢ financial statem¢nts or a maierial tnis5talement of the other infonna(ion. If. based on the woA( we have pcrforrned. we conclude that there 15 malerial misaiem¢n¢ of this (Kher infornialio we are reqired io repm ihat f#cL We have nothing io report in thi5 regar Opinion on OtkneT Matter Prescribed by the Comp8Dies Atl 21106 In our opinion, b&sed on the work undertaken in the course of th¢ audiL the inforn)aiion giv¢n in the direciors, report (incorporaiing ihe trees, rep)rt) for the financial year for which the firl¢la1 sthments are prepared is consistent with the financial swements: and the directors. report has been wepared in with Jpplicable legal requirements.
Page 6 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GOSHEN TRUST FOR THE YEAR ENDED 5 APIUL 2021 M8tler5 on which we are required to report by txteptml In the light of our knowledge and ulerSndjg ofthe charithble company and its environm¢ni in the c(wrse of Ihe audil we have nol identified material misstsiements in the director5. wep We have nothing io rep)rt in resm of the following matlers where the CompaniE5 Art ?006 require5 US to report to you if. in our opinion- adequaie accounting reeords hav¢ not been or rewrns a&quaie for our audit have noi been received from brdnche5 not visited by us- or the financial staiements are nol in agreefflenl with the accouniing records and returns. or cenain disclosures of dirertors, remurierdlion specifKd by law are not Mc. or we have no¢ received all the infonnation and explanations we require forour audii. RespDmslbllltles of Dlrector5 A5 explained more fijlly in the d]reorS. responsibiliiies statemenl sel out on page 4, the director5 (who are also the tntstees of the charitable tiKnpany for the purposes of chariry law) are responsiblE for ihe preparalion of ihe financial statements and for being satisfied that they give a true and fair view. and for such iniemal conirol as the directors determine 15 nece55ary to enabk ihe preparation of fmancial stst¢rneots th81 are free from malerial mis5taiemenL whether due lo fraud or error. In preparing the financial siatemertis, the direttors are res1$1b1e for a55es5ing the charitable company's ability io Continue as a going concern, di5closin& as applicable. matters relatrd to 80inB concern and using the going concern basis of accounting unless the directors either intend io liwidaie the charithble company or to cease operd1s, or have no realistic alierna(ive bui io do so. Audltor's RespDnslbllitie5 for the Awdit orth¢ Financial Statements Our objectives are lo obiain reasonable assurance about whether the financial statemenLg as a whole are free from material mi5Statement, wheiher due 10 fraud or crr(v. a[ 10 issue an audilor'5 report that includes our opinion. Reasonable a55urdnc¢ is a high level of assurance. tMJi 15 noi a guaranitt thai an audit conducted io atcordance with ISAS (UK) will alivays deieci a maierial misstaternent when il exists. Mi5siatements can arise from fraud or error and ar¢ ron5id¢red material if, individually or in the aggregaie, they Ciwld reay)nably be eX[ted to influence ihe economic decisions ofusers taken on the bL8is of these financial statemen1& Irregularities. irteluding fraud. are inslances of nonThcompliJKE with IJw5 and Ulat)n5. We design procedures in line with our responsibilities. ouilined abouL to d¢terl material misstalements in respect of irregularities, including fraud. The extent lo whieh ollr procedures are capable of deteciing ijTegulariiies. incldIng fraud is detailed below; B45ed on our unda5tanding of the charitsbk company. we identifd that the principal risks of non-compliance with laws and rEbFulaLions r¢lai¢d io Company and Charity law, and we considered the ex1¢ io which In-comPlIan¢e might have a material effect on the financial siaiemenLS. We evaluaid management's opportunities for fTrudulent manipulion of the finan¢ial stoments (including the risk of override of contro15). AudiL procedure5 pufonn¢d by the engagernent include: enquiring of management coernIng aciual and rxAeniial liiigati(Jn and claiffl5; perfomiin8 analytical procedures to identify any unusual or unexmed relaiion5hips thai may indicate risks of material misstatemeni due to fraud: testing the approprialeness ofjournal entrtes amd other adjus¢ments" assessing whethLY the judgements made in making Kcounliug e5tiTTraies were indicative of a potential bias; and reviewin8 minutes of meetings of those charged wilh govemance. TheJE ore inherent limitatiofbs in the audii procedures dtscnl)ed above 2tMI the further removed non•compliance with laws and regulations is from ihe and tran5aclions lleaed in the financial Maiements. th¢ les5 likely it 15 that we would b1)me awar¢ of it. A150, the risk of not dthIng a mat¢rÈal mi55tatement due io fraud is higher than ih¢ risk of not detecting one re5Uttins from error, as fraud may involve deliberaie concealment by, for example, forgery or intentional mi5repre5entalion4 or through collusion. A further descripiion of our responsibilities for Ihe audit of the fitwi¢ikl **ernents is located on ihe Financial Reporting Council's website at: w)¥.frC.oUk1auIIOre5Slbi1IllcS. Thi5 descrivi foms part ofow auditor's reporL
Page 7 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GOSHEN TRUST FOR THE YEAR ENDED S APRIL 2021 Uxofour Report This report is made solely io the charitsbl¢ company'5 Mernbe. as a ldy. in accordance with Chapter 3 of Part 16 of the Companie5 Act 2¢NJO. Our audi¢ work has been undertaken so thai we might Stale io the charitsble company's membe those matters we are required to stste to them in an audiior's rwn and for no her wrpose. To th¢ fullest extent pemiitted by law. we do not accept or assume responsibility io anyone her than ihe arItable company artd the charitable company's m¢mb¢r5. a5 a body, for our audit worL for this repcrt or the opinions we have fornied. Mr. J. Lcster FCA (Senior Stattttory Auditor) ror and on behifof BAilles Jewltt Umlted SIAlulory Auditor$ Barrington House 41-45 Yarm 14n¢ STOCKTON ON TEES TS18 3EA 141!lyov i........ Dated: ... JUAJD
P#ge 8 THE GOSHEN TRUST STATEMENT OF FINANCIAL AcfivITIES FOR THE YEAR ENDED S APRIL 2021 (including Income and Expcnditurc Account) Uort5trlc¢e41 Funds 2021 2020 Re5tridd Fund5 2021 2020 To141 Fund5 2f121 2020 INCOME GTarbi& donal$ and legacies Ineome from charitthle aciivities Inve51mcnt income Other incoTDc 88.741 140.857 5.195 100,oIB 194,654 IS373 88,241 140,857 5,195 194.654 1527J TOTAL INCOME 3>.945 236.253 309,945 LXPENDITVRE ON: Riising funds Ch)riird)k A¢tiviiies 41.193 41S469 45.748 728.584 41.193 415A69 45248 n8.584 TOTAL EXPENDITURE 45W2 773.83? 456.662 773,83? Ntt g*lAsl{IDssos} 04 InvestrnEAts 17 IJSUM I666.)) I J58J04 1666.980} Nei MovtThent ijt Funds 1211087 11204559) .2111187 (1.204.559) ReconciliatlDi of funds: Total fund5 broughi fonvard 22 &467J28 9.671.987 8167,428 9.671.987 Tothl Funds Cxrried Fornrd 9.679315 8.467,4?8 9ffj79J15 .467,428 Th¢ Slal4in¢nt of Fin¢111 Aciiviiie$ incluth>g11 aNJ losses niSed in the year. All incornin8 rtswrcts and 01#eC5 cxrthdLxI dcrivc fNpm coThinuinB 1vitr. The n¢5 py I l io l9 forn ofthese financi0] Statemts
PAge 9 THE GOSHEN TRUST Com]MAy Regi5tratlon Numbtr 6112422 BALANCE SHEET 5 APRIL 2021 X121 ?020 FIXED ASSETS Tangible assets Investments Invesuneni prijpety 16 17 1022.271 7J67J62 Is&0 1,050,555 6J95,708 185.(M)O 9m4J33 7,831263 CURRENT ASSETS Debiors Cash at bank and in hand 19 578276 S99.16 61.784 661.390 CREDITORS: Amounts falling dvt within one year 20 {84AWI 125.2251 NET CURRENT ASss 604.682 636.165 TOTAL ASSETS LESS CURRENT LIABILITIES 21 9th79JlS 8,467,428 FUNDS Unresiricied fvnds 21&n 9fftJ15 ¥,467,428 Th fu1(1] StLlnCnts have pr¢p¥¢d in with thc 5VKYial pYovisian5 of Part 15 ofthe Companies Act rel¥LiÈllB io smoll companies. i¥lia. l.g.1....................... Arvro¥Ld and Nuthorised fDr yssuc by thc Iru51eLsui.... und S¥gOEd OD th¢ir bchulf by- Mr5. A. Dieken Dlreetor The rtotesal pagc5 11 19 fo part ofthe5e fin1] st8l¢m¢nts
PAgelO THE GOSHEN TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MAY 2021 2021 2020 Cash ouillDW frvrn op¢Ning acliviiies 25 (284J98) (607.9131 Cash no. frorn inve5tin8 a1vIlle$.. Inv¢stsn¢nt incorne rcceivcd rjank d¢posil inlcrcsl rcceivcd llliLrLSt rcctived tCEsSional). I(n5 Purchase of loan 5thck Purch&K' of COTF uni15 Rep&Jmenl of conccssionory IowL$ Cash wiihdraivn from flxed inveSthS 88.647 37 14,926 19.336 220 IB,436 {l,J0.)0) 48.558 1.533.558 87J20 392,187 NL'I cth inllow from inveMing xtiviii 333,117 620,108 Jncrujt eash ¢#sl eqiiv#lpwts iu year 48.719 Il195 Cash #rtd cash equiV4lts At the beginninzof the yur 61.784 49.589 Cuh #nd etssh equi*AIMts At Ihe end ofthe y¢Ar iio 61.784 Cash fjnd cAsh eguivgltnts ¢onslst •r: Cx5h at bxnk AAd in hamd li•J)3 61.184 Thc nolc5 I l KJ 19 ofthese finmciol Sements
P4g¢ll THE GOSHEN TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 CHARITY INFORMATION The charity Ircsi5tcrcd rKunbtr 1119064) is • wblic bcnefii cniiiy irwM)raied sn th¢ UK on 16 Fcbruary 21K)7 a company limiid by gumnl<¢. In the eveni of the clbaTiiv b¢ihB iiound . the liabilii). in rcspeci of ihe guawlec 15 lirrbitcd to £1 rxr rnembcr of th¢ Ehwity. The address of the regi#¢d otrK¢ 15 in th¢ charity infoTrnaiioTh oft tA8e l of th¢se firtarKi sto1emcn The ChIly'S otxralion and principal xti%Yty 15 lo arv] drk Chrimian projccts oth¢nYi5e i%oukl noi bc llble 10 r¢ach ¢ff¢¢tiw¢ opcraliond conclusion. BASIS OF PREPARATION OF THE FINANCIAL ATEmENTs Ba515 oIPreparntion Ald Asse11 of Gol•g C•wcern The ¢hArity ¢onsiilutC5 1 public bcnefii eniiiy as thfiwl by FRS •_ The fInrria1 starcrnents b2¥¢ b¢¢D pr¢paml (w a BOIE tonccrn basis un(kr thc hislorica] COA conveniion gJKt in wilh applicoblc acc11& sLdards the Siaieowit or Recommended Praui¢¢.. A¢mIng and Rcportin8 by a1]11t5 their OUnts in accordance with the Financigj Reportjn8 &ondard ¥)pli¢abk io Ihc UK WMI Republic of Irel (FRS 10?) issutt1 in 2019. Financial Renin& Ststndard applbcablc in tht UK Republrr of Irrland IFAS 102k Ihe cIll1¢S A¢1 1 I wd the CompaDic5 Act 9( Thc Iru51ees consider thai ihere ar¢ 00 M11 Wb¢cllainlic5 alw)ui the clwiiy's abilit) lo continuc o a w¢rn. The ¢OTrcsponding figuTCS forthcyear cndcd S Aryil 2020 arc un#wJilcd. ACCOUNTING POLICIFS la) Ineome Rtcognitio All incom¢ is r¢cOgni¥d once Ihe chariiy h45 ¢Diiil¢m¢ni lo irKOW& lh¢ 15 Sutricieni certainly of ieceipi and so li 15 probabl¢ Ihai Ihc irtomc ivill be r¢ccivc¢ and I1#M[1 of ]nLxsurcd rcliabl).. when don0 SIrY itrthi grnuts or thnMs MUA uscd in a future acco1]g PErii¥i the income is dcferrEd until th05¢ p¢riods: ii'hcn doThors impost condiliOllS i%thi¢h hube be fulfilled bcrO ¢lwi¢) l¢(vKs 1111 ¢0 such inco& the Inc( 15 deferred until the period it) M'hi¢h ihe Wej1110n5 llrc Ivkn danor5 5EKcify Ihwi grants or do105 ¥¢ fw a pll(thr Tria¢d iihich do noi amDuni lo pOndi11 rLgthinB cnliik'ffl¥rJL thc income 15 incl in incomiD8 ivithin rcstrid¢d fund5 %%IK'n receiv&blL. LeEa¢l¢s L£gxie5 are accouni¢d for as incoming rc9)wrC cithcr TtteiN whete the 1p1 of lh¢ legacy ig probable in th ConfiallOn kn betn r¢¢c1VL rtvrn th¢pEOnal TcpTC5lyCS•rth¢ esw¢ paymertt will bc made. Ibl Resources Expended R¢sowEL5 ore inclLMkd i• th¢ SW¢m¢ of Financi AciiviiK5 rm an xcruals basis inclu5ivc ofvAT. Any ¢%dI1rt tAthich is for a spccifK purpose 15 ShIn ¥iDst the rcstricted fuTKI for thai rpose. All oth¢r ¢%nd1[Ure isdtL'med to for the gencrnl purposes ofibe dwriiy is ¢0[{d again51 generdl unrc5triaed funds. Individuol Costs #rc alkud betwten the Tmrious helings * tk SthtemMI of Financial Atyivili¢s by ref¢r¢n¢¢ to the uler[yin8 naiurt orTf45Dn for whith those costs were inwrTt Grnnt5 and thrtULliOnS ptyablc arc acc{yJ for when the dirlo hAv¢ x¢qknJ a le8al or moral obliwion to makc dowÈon. Other c¥pendiiurc includes cos incurrrd in lhc of the chariiy's W81lIOnaI adminisiraiion and ompliuncc wilh consitiuiion2J *)d sulLXY rrqubrcmcnts.
P4ge 12 THE GOSHEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 ACCOUNTING POLICIES fcpntlnued) 1¢) Tugible Fixed A55¢ts Ta¢bgibl¢ fixed includtd & com k55 d¢w£clIL Ass¢15 fos11 umlcr £l,IKK) are rJpii&lised but ivriikni Dff lo alndlu incurred. D¢pr¢¢iaiio# is provsdd on D suJiBht line basis iscal11&I off the ¢oA ofthe $t1$ ovcr thcir exPecd useful economi¢ lives at the following llnnuaj rac Freehold land 3tMI lId1r Pixiurc5 and fEIILO85 01CC ryuipmeni 2% pcr nurn I0 PCT annu Idl Investments MarkLiablc ini.esent as5ds are ÉnclwJ¢d in lh¢ fiDmcial Ststemts rnèrkcl VBlu4 eithcr at c105ing markth prices (ILSlcd inv¢stmenis} or thr[gh independ¢ni valuion luttlistcd diTrci wowiy) or frorn valuion5 provided by the investhient managcr lunli51cd hedge funds. privalc 4uily WKI ]J]r¢ WLWtyk All in%emeni Jmd sains and 1055¢5 ar¢ recogni5L as incurred PrOgrae Telllied invc5thKnts ue iKlwkd at cost ltssamy PrnViSTrDn for diminu11 in valu Inv¢xmcni properties are indLMled the at fair An) wJlu5 or deficii ¥ising from ¢hange5 in ruir valuc is Tecogniscd in ihe Siemcni orruwl3l Activiti¢ (Ll Foreign Currudes TMIs2Ctions in fijretgn curre1¢5 are rccoT&d ihe Ne wling at the dac of thc iTSll5aCtion. MoTrctary a55cts and lbilitIeS art -tlat a thc rte of exchange Thlin8 & thc lJolwr¢ Sh¢¢i da¢¢. All diiftTence5 are thk.en io ihe Stst¢meni of Wit)otKial Aciivili Thc charity ha5 financial asscts MJ finaThc1 luibiliii¢s ola kind qu1rY us bAsiE financial in5trnmLmts. BLsic financial inrum¢nts arL iniliaily rccogni5LTd at tranwion trnlue amd wbstqu¢nily measurcd amortiscd c05L using Ihc effcciive intu¢ mdhod. Fi11 as5¢ts held * anM)rtised COA cryis¢ IDBthr with ITwk gnd other delAor5. Firffjncial liLbiliiie5 h¢ld ai Brnorti5d comprise tr and othercrtdiir Concessionnry loans include thosc rec¢ivable from thi ¢Mrtits which inlerE5t [or b¢ioiv markth iniercst rnlcs and we Ir ID wjvance chDrilable pul All low ¥¢ Cost Ic55 impa1ThL {81 Op¢Yating Lx45 Renials llpplic4Lble 10 rfthiing lea M"here >Jb5thniialty all the b¢n¢fits WMI ri51s ofownership remain with the le&4or. are tharged againm revenue on 0 5ywghi line basis oN¢r th¢ wiod ofih¢ Ic {hl Fund Accotyntiii FuTh151Kld by the charity are either. lIAresirleJIIds- Ihese 4r¢ fuNls ivhi¢h fdn k used in Nith iht objects of lh¢ charity ni th¢ discfeiion or Ihe direciofs. They rnay include designuled wthich have IKcn sti &sidc by the dircciiJr5 forparticulJr purTK)SC& restrl¢ied[yn¢ts - Ihese ar¢ fwH15 Thhich c8n onty be used frff Partic[•r res¢ri¢ied purythcs tl'ithin th¢ objr¢ts of the ch8riiy- Mhether li bc for Ik pur¢hus¢ or construcikon ora rt¥cd asset or irt rEspecl of J spccifK projcct. RcslricliDns aTLSL ivheTh Slfied by th¢ thnor or Wh funds art raiscd for parti¢ulor r¢s¢ri¢ied purr5¢> Ch)cc ihc resirithions imposed by the pnjvider of Ik grnnvthe dorLor have bttft Obed. th¢ is thett lrdn$fccd urCrie1cd funds but desiNed ivh¢re rdalir¥ Io a5rKcifK otying
Pjge IJ THE GOSHEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 GRANTS DONATIONS AND LEGACILS Uortstri¢td 2021 Restrirted FuThd5 2021 2020 To¢•1 Funds 2021 •020 ?o?o GrnnLS znd doMIioDs INCOME FROM CHARITABLE AcfiviTIES UrtStrid¢d Fuuds 2021 20?0 Re5tTicled Vund5 21ni 20?0 Totsl FundJ 2021 2020 Reni from PrOtY in fllrthern of ¢lwitsbl¢ pu)0st$ Iprograrnme reiaied invcsbn¢nts) IOOX118 88241 ItKI,Ul8 88241 INVESTMENT INCOME UAreltltd Fyds 2021 20Y) Rstri¢ted F#nd$ 2021 2020 Totsl Fund5 2021 2020 DlVbdd5 froffl UK companies Unit IrusUOIEC divwju 2UIO 11.167 32J15 3Q786 12.293 3&983 1.295 &323 1&654 I96 75.146 17.911 728 7.677 22JiO 11,167 J2Jl5 30.786 12293 38,983 1,295 ,3?3 16J96 17.911 7.677 llll¢rLst from UK securities Unil Iru5¢101CC inlere Ov¢rs¢as inierc51 and oiher incom¢ coir Chthriiics 1nvcmnt Fund Inco]ne Units REIT incomc Gill Llc. in1er1 Lofjn sknjck inlcTe Renthl incornc 6Jll 15.654 75.146 6.728 io ioJ&) IJ 1,425 1.425 I9454 140.857 194,6S4 140.857 OTHER INCOME Uwrestrirted Funds Restricd FuNd5 2021 2020 Ttstxl Fund5 2Q21 2020 2021 2020 Inl¢rc51 gLncral¢d from wo8ramme relaied invc5tments {concessionary k)knl 15273 5.195 15J73 5.195 EXPENDITURE ON IL4151NG FLINOS UMrtStrklod F#d¥ Re5trirted F¥id5 ?020 Tit41 Funds 2021 2020 InvL%rnLlli manoEem¢ni ¢osts 41.193 41.193 45,248 EXPENDITURE ON CHARITABLE AcfiviTIES UArtStricted FDds 2021 20_ Rexrftt¢d Funds 2021 2020 Tot•1 Funds 2021 2020 Grnnts doD¥iry)s- see Mrfc 10 Propcrty CXW5ts B4d d¢lMS Support C0515- SLY pN¢ I I Gowcrnance c05ts- X¢ DO1¢ 12 J53395 64&r29 27341 39.482 13W) (1.8) 37,4?6 4.747 353395 64&n9 27341 39,482 {JAKII 11.8001 30soz 37.426 &oJi 4,747 41w n&584 41S469 72&584
THE GOSHEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 10. GRANTS AND DONATIONS 2021 ?020 4 Froni Th¢ Abw)& MinisLriCS All sllin Eaglcsclitye AJvba55ador5 F1b51 Angcl FDunda¢ion Buiienvick Hospice Clg for Life CDTO Oliver Cle10n Villa8e Hall Chrisiillrb Broadc&Min8Ndthoik Chri51illTh Insiiiuie Cr0551and5 Daisy Chaitt Projeth T¢cs5id¢ Evllngelitlll AIIi4Dc¢ Gideon In(emioftal kleel and To¢ Hcxhum Community Chur¢h Hillsong Church Iiopi ror Ju511Ce Hopc Projcct Hous¢ on Ihe Hill Kitby Si¢ph¢n Church Kii¥oko Hospital 3JlOO 25IMIO 5.IMIO iom 25.(KM) 3,WO 6,)0 30.orxi 46.OtK 4.8 10,( 36.(K)O 30.890 20.( 2D.120 16.IM)D Lead¥ng the Way M¢Y¢y Uk Mcssionic Vision Moses Projecl Nciv Hop¢ Usanda Nsumbi Operniion Mobilisa¢ion Pelion Parish chh Reeih Ev8clICl Sowing Sel5 Mini5trits Sporting Marve15 T¢Ln Challcngc Th¢ Big Givc Trnns4M Inlcrnutionol UDiicd ChT151ian BroAdc&%ters Urbat) Whiiby Muscurn Wommxk Mini5tri¢5 ?0.0 2,(K)O I2,INMJ 5.tM)0 10300 3.IKI 43,ILS 12,OLKJ l(pJO 55.(KX) 33.000 S.tKID 93,750 2.Ih)O 20, 352.195 I.IOD 646.440 2.289 Suidry Donation5 Total GrAwts and DoAatios 353395 648,729
P8ue 15 THE GOSHEN TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 11. SUPPORT COSTS Umrcstrltted Fll•d5 M121 Re5tr1tt¢d Funds 2021 20?0 TofAI Fund5 2021 2020 CotbferuKes hospiullity trav¢J profession fee5 Dcpreciaiion Bank. chor8¢s at¥1 iNer¢ Telcphone Sundry ex[nseS (1.182 1.746 4.891 28.284 304 1.317 5.746 4.891 8,284 304 252 $73 573 884 37. 30J02 37,426 12. COVERNANCE cosrs Unr¢strl¢t¢d Fuod¥ 2(121 2020 Re5trirted Fund5 20Zi 2020 T•tsl Fund$ 2021 ?o?o Audil and accouncY Trustee rncthing Cos 10 21 4,710 37 8JblO 21 4.710 37 4.747 8ml 4,747 13. DIRECTORS, REMUNERATION No rcmLm¢rnliaTt paid lo thc dirttloT5 in thE year12020.. nilk N¢¢ ffSmbur5¢ment ofexp¢nses (rm} thrtt directors12020. thTC¢ dircaws) thEY M"a5 05 fdiow5". 2021 2020 TrnvLI Conf¢r¢n¢¢s and hospithlily Mobil¢ phor {4J21 {7701 573 925 820 771 {6091 2.516 14. NETOUTCOINC RESOURCES FOR THE YEAR This is ststed aftercharging: 2021 2020 Deprecilliion of¢angibk fixed osse Ex"iernal Exwnincr's ftts.. indcpcndcni txllminaiill audii fcc accouniing and other financial swices undLr provision r¢ pr¢vi(rfLS ye 282B4 28284 1200 4300 4J50 810 15. TAXATION A5 a regi51ered chariiy, The Goshen Tr115 exemN fnmn its In¢ome 4wJLYsrthion 505 ofihe T*LXCS Act 1988 Providcd ihul su¢h inCOTllc b5 llpplid forcharhtsble 1P0St$ wly.
P#gc 16 THE GOSHEN TRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 16. TANGIBLE FIXED ASSETS Pr•grAAe Related Jn¢stmtnts: Frttlohl L¥nd •nd Buildiuy Offire F4uipment Total C05t As ai 6 April 2020 Addiiipt Diws#ls lJ97.745 lJl8 lJ99,1163 As 5 Apiil 2021 lJ97.745 lJ18 l J99,O63 Deprttiation As ui 6 April 2020 Chargc forycar Diswal$ 347J48 27.954 330 As at 5 April 2021 375102 J76.792 IY¢¢ Book V#lue As ai 6 April ?O_ 1.1149397 1.050J55 A$ a¢ 3 April 2011 1.O21.94J 328 l.D22271 Thc above fieehold land and byildings wcrr 1 I[¢h specif1cty. enable thinl T1]eS kn d¢rtake particulllr activitie5 ihai rcfleEt Ik. chariiabk purrMw5 of Tr Goshcn TrusL ThE dirL%loTh hav¢ con5id¢xd thL cury¢ThI mgrk.rt values of fn%hoW pr0rKrtlL in thtir opinitw th¢} are not mlltcriDIIy dilT¢rLul lo thc Valul 5knwn in th¢ a¢¢oun
Page 17 THE GOSHEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 17. INVESTMENTS HELD AS FIXED ASSETS 2021 To1 at Market V#1 c•mpristd: Flx¢d Ini¢r¢st Securitie5: UK Fixed Ini¢Ttst lihcluding arcrucd inlercsll overs Fixed Intcr¢51 310ffj94 348J92 329.398 301343 Logn ck 350JIOO 100,Th)o Equities: Unitri Kingdorn North American Europe JJLpan Far aml Ausiraknsian Other Imemaiionol Equiiies 983JSJ 8J3J82 250.158 JOg,927 Z24A72 93.71Th1 766J87 559.947 lJlll3 88.578 133,875 65,010 Ajternatlve Asts COIF ChBrities Inwests¢ni Fod Erntrgin8 EconoThle5 UK Property C8sh hekl within the Inve5tmtnt Portfollo 497,233 2,057,705 1?0.989 1?7.128 1.3II.002 2J67,771 133J49 168W2 Tothl Inve5¢m¢4ts 7067562 6.595,708 * Includc5 £(rfM).(XXI subordinated depfr5ii with Limik4L Thc mo%emcni ni maFkcl vulucs of inve5llne Is folknvg 2021 Totil Tothl Mark-et value lli 6 April ?020 Add: Addilions 10 Inv¢nI$L¢o iLss: DisP05uls al carying valur 8ain,{1055} on VuL[loA 6,$95.708 7.705,114 1.852A30 6.425.693 {J.939J801 {6.885,0891 IJ58W4 {650,010) Mark-et value 4t 5 April 2021 70672 6.595.708 Tal gainslllosstsl inv¢Ll5 Enad¢ up as folioM¥ 2021 Totxl ?o?o Total Gain{lO5$'s) on In¥csirneni seL% (see above} Oth¢rcuTrency gain&'lloss¢s1 L055 Dn revuluaiion ofinvesth1l WONty- no 18 IJ58W4 {650.010) ISB) (16.912) To¢u] Investmcnl Cwr¢no' GI1(LOl I J58J04 166Q9801
P48e 18 THE GOSHEN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 17. INVLSTMENTS HELD AS FIXED ASSETS The toml invesmeni wrtfolio valuation follow'in8 hdd by llmlividyal ory9n1ion 2021 To¢•1 2020 Total 2020 Choriiies orrieitil Inve5¢1 FUN] Investec Kingdom Bk Virgin Money Gre FIVr¢S U67.TlJ 4.14&988 76&623 3S180 31 52.73 2.057.705 3.278.011 895.897 264,095 100,CNX) 31.20 49.70 13.58 1.52 7J67J61 I.00 6,595,708 100.IxJ 18. INVESTMEKf PROPERTY 2021 Valuc as 816 April 2020 athl J Awil 2021 185.0 properties are £185.(KKI. In the opinion ofik dlrcrt& this is a lble c5timalion ofrnarket valve at S April 2021. 19. DEBTORS 2021 2020 Amouttts f#llii¥ due within ome yur. CorKcssionary' loans re¢¢ivabk PrerRyments and inwme 74¥9 8S493 1241247 19.502 I(1J2 143.749 Amounts fallimg due After re thR oNeyer. CotKessionary' lows ff¢eivabk 41&184 455857 AEKregAte amomnts 578376 J99.606 20. CREDITORS: Amounts f#llin%dueivithin ooeyur AecnM15 ond deferred incorn¢ 2021 20?0 84J197 ?5225 21. ANALYSIS OF NET ASSETS BETWEEN FUNDS U•rerIC1¢d R¢strl¢¢td To¢AI Tangible fix¢d &5sets lJ)22371 7J67 18S( 1.022271 7,867J62 185,( InvEslJneni prf Nct current wcls 9J>79J15 9,679J15
Pag¢ 19
THE GOSHEN TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
22. MOVEMEIYT IN FUNDS
Ai b¢gwMing
ofy¢Af
1#¢stmnt
At end
ofyeAr
Awt•me
EspeNdllJr¢
Uir¢strl¢i¢d Funds
GcDEfdl
8.467.428
IJ58J04
9.679515
TotBI Funds
.467.425
45
IJ58
9.679JlS
23. CONTROLLING PARTY
ThrDughoul Ihc cwrent atNI pr¢vh)U5year. thc rharily Th75 ll*conirol of the Board ofDir¢uor&
24. RELATED PARTY TRANSAcfioNS
Mr. M. Dick"cn13on ofmr. A.G. and MFS. P.B. Dickenl is •dir