Company registration number: 06835266 Charity reglstration number: 1131468 GP GIFT LIMITED Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024
GP GIFf LIMITED INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Legal and administrative infomation Trustees. annual report (incorporating the directors report) Independent examinerfs report to the trustees Statement of financial activities ststement of financial position Notes to the financial stalements 8-10
GP GIFT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Registered charity name: GP Gift Limited Trustees: Mr J M Harbottle Rev M J J Paget-wilkes Mr R O Wickham Company secretary: Mr J M Harbottle Charity registratlon number: 1150816 Company registration number 06835266 Charity Address: 9 Momington R¢)ad Southport PR9 OTS Independent examiner: Daniel Styles FCA Lrfestyles Accountancy Limited 39 Kirklees Road Southport PR8 4RB Page 1 of 10
GP GIFT LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees submit their annual report and financial statements for the year ended 31 March 2024. The financi81 statements follow the requirements of the revised Charities Ststement of Recommended Practice (FRS 102) (second edition - October 2019) - Accounting and Reporting by Charities". Statement of Recommended Practi 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). For the purpose of charity law, directors are also the companls trustees and are responsible for making all major decisions on behalf of the company and are referred to throughout this report as trustees. STRUCTURE, GOVERNANCE AND MANAGEME[ Governing document The organisation is a charitable company limited by guarantee, incorporated on 3 March 2009. It is governed by its its memorandum and articles of association and commenced its activities on 4 October 2011. Recruitment and appointment of the trustees The board seeks to achieve a balance of skills and experien amongst the trustees. In order to maintain this, the board reviews ts skill and experience mix eath year and seeks to recruit new trustees as and when necessary. Appointment is made once an application for becoming a tnjstee is received by the charity and the board of cuent trustees have interviewed the candidate and voted. Usually the board is unanimous in its decision but if that were not the case then a majority vote would prevail. TNstaa Inductlon and training The current board of trustees provide any new trustee with an overview of the timetable of board meetings, copies of the rent minutes of meetings, the recent reports and financial statements and explains their general and specific responsibilities. Ongoing training is provided by the board of trustees as and when the need arises. Risk management The charity has undertaken a review of the major risks to which it is exposed and monitors this regularly. A regular monitoring of the charty's bank account and the taking into account of any fund restrictions by the management ensures that the charity does not commit to spend more than it has available. OBJECTIVES AND ACTIVITIES Objects of the charity The trustees confirm that they have referred to the guidance contsined in the Charity Commission's general guidance on public benefit when reviewing the charivs aims and objectives and in considering future activities of the charity. The trustees are of the view that, having made grants or donations to charities Viith similar objectives, they have complied with their duty to have due regard to the relevant guidance on public benefit. Page 2 of 10
GP GIFf LIMITED TRUSTEES. REPORT (continued} FOR THE YEAR ENDED 31 MARCH 2024 Objects of the charity (continued) The objecls of the charity are: the relief of povety through the provision of housing and other amenities and SeICe8. the advancement of education world-wide on issues relating to poverty, citizenship and community development; and Ihe furtherance of the charitsble NK)rk of the charity by the advancement of such other charitable purposes as the trustees from time to time shall decide. ACHIEVEMENTS AND PERFORMANCE Review and summary of the year Throughout the year the charity has continued to make grants and donations to charities with similar objects to its own induding supporting their stsff members. FINANCIAL REVIEW Review and summary of the year The results for the year and stste of the (x)mpanls affairs at 31 Marth 2024 are set out in the financial statements on pages 6 to 10 showing income of £33,214 (2023: £29,171) and expenditure of £27,373 {2023: £77,828). The company recorded a surplus of £5,841 (2023: £48,657 deficit) for the year bringing the total funds to a surplus of £9,594 (2023: £3,753). During the year grants of £26,700 (2023: £77,230) were made to organisations in support of the charitls objectives and the trustees will continue to decide whom to make grants to in order to use up funds as and when reiVed from the generous donors to whom the trustees are very grateful. Principal funding sources The principal funding sources of the charity continue to be received from the very generous donoTS and grant funders that the charity is so very thankful to. Reserves policy The trustees have decided on a policy of holding a minimum of £5.000 in free reserves. the tharity having little other regular commitment to overhead expenditure. The trustees intend to maintain appropriate levels of rserveS in future years. In the year to 31 March 2024 the amount available in free reserves was £9.594 (2023 - £3,753). The trustees are continuing to expand on the valuable work that they undertake to help more and more in need lch will continue to use the resour available to them. Page3 of 10
GP GIFf LIMITED TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 PLANS FOR FUTURE PERIODS General plans The charity will continue its current programme throughout the year and aims to attract more support both financially and voluntarily in providing emergency food supplies to individuals in need. Plans in response to risk review The trustees continually monitor risk and implement policy as and when necessary to mitigate that risk as far as possible. STATEMENT OF TRUSTEES. RESPONSIBILITIES Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charitys financial activities during the period and of its financial position at the end of the year. In preparing those financial ststernents, the trustees are required to: select suitable accounting poliaes and apply them consistently; make judgements and estimates Ihat are reasonable and prudent. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial staternents" prepare the financial statements on a going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records vthich disclose wth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial slatements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the board of trustees on behalf by: and signed on its Mr J M Harbottle - trustee Page4 of 10
GP GIFT LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GP GIFf LIMITED FOR THE YEAR ENDED 31 MARCH 2024 I report to the trustees on my examination of the financial statements of GP Gift Limited {'the charity,) for the year ended 31 March 2024, vthich are set out on pages 6 to 10. Responsibilities and basis of report As the trustees of the company (and also ils directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act,). Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charivs financial statements as carried out under section 145 of the Charities Act 2011 (tthe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs ststement I have completed my examination. I confirm Ihat no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as require(I by section 386 of the 2006 Act; or the financial statements do not accord with those records; or the financial statements do not comply with the accounling requirements of seclion 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no conrnS 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 underslanding of the accounts to be reached. Daniel Styles FCA (Independent examiner) Dated: . for and behalf of Life8tJrfes Accountancy Llmlted 39 Kirklegs Road. SouthporL PR8 4RB Page5 of 10
GP GIFf LIMITED STATEMENT OF FINANCIAL AcMvmES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted nds funds 2024 2024 Totsl funds 2024 Total funds 2023 Notes INCOMING RESOURCES Incoming resources from generated funds: Voluntary income: Donations and gifts 33.214 33,214 29,171 TOTAL INCOMING RESOURCES 33,214 33.214 29,171 RESOURCES EXPENDED Charitable activities 27,273 27,273 77.728 Governance costs 100 100 100 TOTAL RESOURCES EXPENDED 27,373 27,373 77,828 NET INCOMING RESOURCES FOR THE YEAR 5,841 5,841 {48,657) Fund balances al 1 April 3,753 3,753 52,410 Fund balances at 31 March 9.594 9.594 3.753 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 10 form part of these financial statements. Page6 of 10
GP GIFT LIMITED BALANCE SHEET AS AT 31 MARCH 2024 Total funds 2024 Total funds 2023 Notes CURRENT ASSETS Cash at bank and in hand 9,846 3,879 9,846 3.879 CURREKf LIABILrriES Accruals Other creditors 100 152 100 26 252 126 NEf CURRENT ASSETS (Free reserves) 9,$94 3,753 FUNDS Restricted funds Uniestricted funds 9,594 3,753 TOTAL FUNDS ,594 ,753 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilFknes for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on , and are signed on behalf of the IK)ard by: Mr J M Harbottle - trustee The notes on pages 8 to 10 fomi part of these financial statements. Page 7 of 10
GP GIFT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POLICIES a Basis of preparation The financial statements have been prepared in accordance with Financial Reporting Stsndard 102 (FRS 102) issued by the Financial Reporting Council and comply with the Statement of Recommendation Practice, "Accounting and Reporting by Charities" effective from 1 January 2019. b Fund accounting Unrestricted funds are funds which are available for use at the discretion of the trustees in furtheran of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements where relevant. c Incoming resources All incoming resources are included in the SOFA when the charity is legally entitled lo the income and can be quantified with reasonable accuracy. For legacies. entitlement is the earlier of the charity being notrfied of an impending distribution or the legacy being received. No amounts are included in the financial statements for ServIS donated by volunteers. d Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources. e Fixed assets and depreciation Tangible fixed assets costing more than £500 are capitalised and included at cost induding and inadentsl expenses of acquisition. f Limited by guarantee The charity is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liabilty in respect of the guarantee is limited to £1 per member of the charity. Page8 of 10
GP GIFT LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 2 VOLUNTARY INCOME Unrostricted Restricted funds fund8 2024 2024 Total funds 2024 Total funds 2023 Donations and gifts: General donations 33.214 33,214 29,171 33,214 33.214 29,171 3 COSTS OF CHARITABLE ACTIVITIES Unre8trlcted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Grants paid Fundraising costs Sundry costs 26,700 547 26 26,700 547 26 77.230 498 27,273 27,273 77,728 4 GOVERNANCE COSTS Unrestricted Restricted funds funds 2024 2024 T¢)tal funds 2024 Total funds 2023 Independent examination 100 100 100 100 100 100 Page 9 of 10
GP GIFf LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 5 ANALYSIS OF NEf ETs BETWEEN FUNDS Unrestrlcted Restricted funds fund8 Total funds Current assets Cuent liabilities 9,846 (252) (252} 9.594 6 ANALYSIS OF FUNDS Balance at 1Apr23 Incoming Resour Outgoing Resources Balance at 31 Mar 24 Unrestrfcted funds: 3,753 33.214 27,373 9.594 Restricted funds: Total funds: 3.753 33,214 27.373 9,594 7 TRUSTEES REMUNERATION No trustee received any emoluments during the year. Trustees. travel expenses 1MbUrSed during the year totalled £nil (2023: £nil). 8 RELATED PARTY TRANSACTIONS During the year an amount of £nil {2023: £40,000) was paid as a grant to Green Pastures CBS Limited. a society whose primary objective is to end homelessness. Also during the year an amount of £25,000 (2023: £nil) was paid to Half the Story LLP, a business established to provide supportive job roles to those who have eXperiend homelessness vthich is a joint venture, half owned by a subsidiary company of Green Pastures CBS Limited. The son of trustee Rev M J J Paget-wilkes is a director of Green Pastures CBS Limited. Page 10 of 10