GANDYS FOUNDATION la c<xnpany Ilmlted by guarantee) TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 Charty No. 1152918 Company No. 08516239 AAYHIIIK 2410212022 COMPANIES HOUSE
Gandys Foundation Year Ended 31 May 2021 CONTENTS LEGAL AND ADMINISTRATtVE INFORMATION TRUSTEES. REPORT INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET ACCOUNTING POLICIES 10 NOTES TO THE FINANCIAL STATEMENTS 12
Gandys Foundatlon Year Ended 31 May 2021 LEGAL AND ADMINISTRATIVE INFORMATION GOVERNANCE The organisation is a charitable company lThited by guarantee. incorporated in England on 3 May 2013 and registered as a charity on 17 Juty 2013. The company was established under a Mernorandum of Associati. The serving trustees elect the trustees. TRUSTEES Paul Forkan Robert Forkan Preet Legha PRINCIPALIREGISTERED OFFICE Unit 1 Saxon Business Centre Windsor Avenue England SW19 2RR BANKERS Barclays Bank PLC 1 Churchill Place London E14 5HP ACCOUNTANTS A Wood and Co LLP Chartered Accountants 18-20 Moorland Road Burslem Stoke on Trent ST6 1DW
Gandys Foundation Year Ended 31 May 2021 LEGAL AND ADMINISTRATIVE INFORMATION POwRs OF INVESTMENT The trustees are authorised by the Memorandum of Assooation to deposit or invest funds. employ a professional fvnd manager and arrange for the InveMe or Ottrr propety of the Charrty to be held in the name of a nominee. LIABILITY OF MEMBERS The liabilty of the members as set in the MemorarKlum of Association of the company is as follows.. °Each member of th8 Charity undertates that. rflhe Charty As wouThY up while he is a member. or thin one year 8fter he SeS to be a membw. he Mll continue a sum not exceeding £1 to the assets of Ihe Charity for.- payment of the debts and lbIlitIeS of Ihe Charity contra(ed before he ¢eas8s a5 member payment of the Ccts, charges and expenses of ndIng up,. and 8djuslment ofthe lights of the C¥tn"but1ons anKJunt themselves..
Gandys Foundation Year Ended 31 May 2021 TRUSTEES. REPORT The trustees, who act as dIreCtS for the purpo%% of company law. present their report along wrth the financial statements of the trust for the year ended 31 May 2021. OBJECTIVES AND ACTIVITIES The obj'ects of the Charity are for the public bfil". 1. to provide relief to those in need by reason of youth. age, ilWatth. disabilty, financial hardship or other disadvantage by providing or procuring the provision of services. education. training. cOnsUanty. advi. support. Counselling. guidance, grants, scholarships, awards or materials in kw)d to indr¥iduab or other or9anisations with a charitable pUrpe.. 2. to further such other exdusNety charitable purpw according to the law of England and Wales as the Trustees in their absolute discretion from time to time detemine. FINANCIAL REVIEW The statement of financial activiknes is on page 7. Total incoming resources for the year amounted to £91.526 (2020: £53,620). There was a net profftl(deficii) of incoming over outgoing resources of £29,261 (2020.. £21.168) whith has been transferred out of unrestricted and restrict•J funds as apwowiate. Major funders include Mr and Mrs Barton.
Gandys Foundation Year Ended 31 May 2021 The trust's assets are for the generation of investment income for the financing of operations. In the opinion of the Board. the funds held at 31 May 2021 were available and adequate to fulfil the trusts existing oblwations. There have been no material changes in the policies of the charity during the year. DIRECTORS The directors during the year under revtew w8". Preet Legha Paul Forkan Robert Fork SMALL COMPANY PROVISIONS This reFK)rt has been prepared in ance with the small companies regime urKler the Companies Act 2006. RESERVES The Board has reviewed the reserves (rf the Charity. This revie encompassed the nature of the income and expenditure streams, the need lo match variable income with fixed commrtments and the nature of the reserves. The year end position shows that unresthcted funds are £48.019 (2020: £18.758) and restrKted £nil (2020." £nil). TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affaits of the charitable company as at the balance sheet date aTrJ of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements. the trustees should follow best practice and". Selert suitable accounting polic$ and then apply thwn conststently., Obser4e the methods afKI principles in the Charities SORP.. Make judgements and estimates that are reasonable and prudent: State whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on going concern basis unless it is inappropriate to assume that the tharitatAe company wll continue on thai basis. The trustees are responsible for maintainiry prq)er accounting records which disclose with reasonable acojrw at any time the financial pOSrt of the charitable company
Gandys Foundatlon Year Ended 31 May 2021 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS - continued and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguardirKJ the assets of the charitable company and hence for taking reasonable steps for the prevenb'on arKI detection of fraud and other iUlar1tles. Chair's Report for Accounts and Public Benefft 2020-21 The Gandys Foundation received large donations in 2020r2021 from Mr and Mrs Barton. These donations along wrth the fundraising efforts of the Forkan brothers. who founded the charity. enabled us to complete the Kids Campus project in Mongolia. which was built completety sustainabty usng shipping containers. The campus finally opened in Seplember 2021. later than anticipated due to long Covid delays. We also provided fvnding to our Nepalese charty partner to support their child trafficking rehabilitation program and the educational trafficking prevention program. We received money back from our fomer charity partner in Nepal as the charity broke up. We continue to support the local charty on the ground, which was already doing the work. Furthermore. donated funds to our Malawi charity partner to purchase school uniforms and food lo feed the children I families from the kids Campus. We fully funded an entrepreneurship program in our camws in Rio Brazil. We also provided unifomis, school equipment and funded the running costs for a few high-level teachets. as the campu5 had no access to international volunleer teachers due to Covid-19 travel restrictions. Our only operatin9 costs are accountsnts. fees as we all work on a voluntary basis. INe are not committed to running costs for ary charity project and only agree funds to support prqects when we actually have the funds in hand. Looking forwwd inlo the corning year our aim ts to open another Kids CampLJS and to visit Our existing campuses which we have not been able to do since before the pandemic. Paul Forkan - Trustee Gandys FourKlation 18 February 2022
Gandys Foundation Yr Ended 31 May 2021 INDEPENDENT EXAMINER'S. REPORT ON THE ACCOUNTS TO THE TRUSTEESIDIRECTORSNEMBERS ON THE PREPARATION OF THE UNAUDITEO STATUTORY ACCOUNTS OF GANDYS FOUNDATION FOR ThE YEAR ENDED 31 MAY 2021 SET OUT ON PAGES 7 TO 15. I report lo the charity tTu$lees on my examinalpjn of the &xounts of the Company for the year ended 31 May 2021. R•8pon8ibilitiw and b1• of r•port As the chaity's Iwstees of the cOmpY (who are also the directors of the company for thg purposes of company Lawl, you are responsibbe forthe prepaiation of the aco)unts in accordance wrth the regulMen$S of the Companw A£t 201K llhe 20cis kr). Hawng satisfied myseff that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act aftda elTrJibleforindependenl examinalron. l Port in SpeCt of my examination of your charty'5 accounts as carried out under sectK)n 145 of the Charils Act 2011 fihe 2011 Acr}. In carrying out my eXaminatn. I have followed the Directions given by the Chanty CcxnmisSn (under Sects" 145(5){b} of the 2011 Act. Independent examln•rfs t•tement I have compteled my examination. I confimi that no matwol matters have com& k) my attention. which give me cause lo believe thaL accounting reeords wefe not kept in OrdanCe with sectton 386 of the Companies kl 2006," or the actLJunts do not ace4)rd wrth such recor(ts: or the aceounls do not compty with rethnt account requirements under section 396 of the Compan$ Act 2006 other than any wuirement that the a¢Unts give a 'true and fa whh is not a matter con5Klered as part of an independent examination., or the accounts have not been prepared in accordance wrth the Charrties SORP IFRS1021. C Parry ACA Date: 18 February 2022 A Wo¢)d and Co LLP Chartered Accounlants 18-20 Moorfand Road Burslem Stoke on TnI Staffs ST6 1DW
Gandy5 Foundation STATEMENT OF FINANCIAL ACTIVITIES Year Ended 31 May 2021 Note Unrestricted Restricted fund funds Year Year to Ended 31.05.20 31.06.21 INCOMING RESOURCES INCOMING RESOURCES FROM CHARITABLE ACTIVITIES: Donations arKI legacies TOTAL INCOMING RESOURCES 53.620 RESOURCES EXPENDED Govemance Costs Charitable Activittes Other Resour$ ExperKled TOTAL RESOURCES EXPENDED 660 61,499 106 660 74,000 128 61.499 62.265 62.265 NET (EXPENDED)IINCOMING RESOURCES- NET INCOME FOR THE PERIOD 29.261 29,261 (21.168) NET MOVEMENT IN FUNDS Total furKls at 31 May 2020 29.261 18.758 29,261 {21,168) 18,758 39,926 TOTAL FUNDS AT 31 May 2021 48.019 48,019 18,758 The chanty has no reccsnised gans or losses other the net movement in funds for the year.
Gandys Foundation STATEMENT OF COMPREHENSIVE INCOME 'Year Ended 31 May 2021 2021 2020 {Deficii)Isurplus for the year Total comprehensive income for the year 21.168 21,168 STATEMENT OF CHANGES IN EQUITY Unrestrided funds Total At 1 June 2020 Surplus for the year 18.758 Total comprehensive income At 31 May 2021 29,261 48.019 Unrestrided funds Total At 1 June 2019 Surplusl{Defjcrt) for the year 39,926 21.168 Total MPrehenSive inrne At 31 May 2020 18,758 18,758
Gandys Foundatlon BALANCE SHEET Charity No. 1152918 At 31 May 2021 Note 31.05.21 31.05.20 CURRENT ASSETS Cash at bank and in harKI Other debtors 49,279 19.358 49,279 19.358 CREDITORS.. Amounts falling ue within one year 600 NET ASSETS 48,019 18.758 Unrestrided funds.. General funds 48,019 18,7S8 48,019 18,758 Restricted funds TOTAL FUNDS 48.019 18,758 For the year ending 31 May 2021 the charitable Company was entiiled to exemption under serAion 477 of the Companies Act 21Xi6. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 20CE. The trusteesldirectors acknowkdge their responsibillties for complying wrth the requirements of the Companies Act 20(kS wrth respect to accounting records and the preparation of accourts. The financial statements were approved by the trustees (x) 18 Febry 2022 aTr gned on their behalf by". Paul Forkan - Trustee
Gandys Foundation Year Ended 31 May 2021 ACCOUNTING POLICIES The following accounting policies have been applied c•nsistenty in dealing with rtems which are Considered material in relation to charity's financial Statem1$.. BASIS OF PREPARATION The financial statements have been prepared under the hBtorical cost accounting rules and in accordance with applicable accounting stsndards. The finanaal statements have been prepared in accordano wtth the Charitres SORP (FRS102). The financial statements have been prepared in accordance wth Fiiancial Reporting StarKJard 102. GOING CONCERN The Directors of the Charity are aware that m the absence of fundN)g becoming available within a reasonable timescale. a deasion to liquidate the company would need to be implemented to avoid insolvent tradirKJ. INCOMING RESOURCES Voluntary income is received by way of donations arKI grfls and is included in full in the Statement of Financial Activities when received. The value of services provided by volunteers has not been included. Grants. includiNJ grants for the purchase of fixed assets. are recognised in full in tr Statent of Financial Activilies in the year in which they are recelvable. RESOURCES EXPENDED Resources expended are recognised on an accnjals basis. Resour expended include attn'butable VAT. whi¢h cannot be recove. Resources expended are allocated to the particular activity whe the cost relates directly to that ath"vty. Costs are apportiord on a use basis where appropriate. TAXATION As a registered charity the trust is exempt from liabilty to corporation tax and no provision for taxation is therefore made. io
Gandys Foundation Year Ended 31 May 2021 ACCOUNTING POLICIES FUND ACCOUNTING Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this crrteria is charg1 to the fund. together wth a fair allocation of management and support costs. Unrestricted funds are unrestrIc fvnds which Ihe trustees are free to use in accordan with the obj.ects of tre charity. Designated funds are unrestricted funds which have been altocated for specffic purposes by the trustees. RESOURCES EXPENDED Expenses have been apportioned betwe the different types of costs by the charity Manager.
Gandys Foundallon NOTES TO THE FINANCIAL STATEMENTS for ttle year ended 31 May 2021 INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S OBJECTS Year Year ended ended 31.05.21 31.05.20 Total Totsl Donations and legacies Various Mr & Mrs Barton 11.026 11,026 13,620 80.500 40,000 91.526 91526 53 620 2 TAXATION The charity is exempt fr(xn corporation tax on ts charitable actIvs. 12
Gandys Foundatlon NOTES TO THE FINANCIAL sTATEMEirs for the year ended 31 May 2021 TOTAL RESOURCES EXPENDED Generatry Chantable G¢wernee Funds Other Year Resou endgd 31.05.21 Totsl Year ended 31.05.20 Total Affican Vlon Malawi 2,220 PnJjeLt FaveLa 31,025 31,025 43,7C Chora CMri 2.254 2.254 25.OQ) Veloo Fral Covid b)d dr(¢) Child Bereavement 300 Sundry EXnseS Bank charges & interest 1(6 128 OEBTORS Year ended 31.05.21 Year ended 31.05.20 Other debtors 13
Gandys Foundalion NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2021 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Year ended 31.05.21 Year ended 31.05.20 Accrued expenses ANALYSIS OF NET ASSETS BEPIEEN FUNDS Unrestrided general funds Restricted funds Totsl Current assets Current liabilities 49,279 (1.260) 49,279 (1,260) NET ASSETS At 31 May 2021 48.019 48.019 MOVEMENT IN FUNDS At 31 May 2020 Incoming Outgoing resources resources At31 May 2021 Restn"cted funds: General (see note 3) Total restrided furKIs Unrestricted funds: General funds 18.758 91.526 (62.265) 29,261 Total unrestricted funds 18.758 91,526 (62,265) 29,261 TOTAL FUNDS 18,758 91,256 (62,265) 29,261 14
Gandys Foundation NOTES TO THE FINANCIAL STATEMENTS for ttte year ended 31 May 2021 RELATED PARTY TRANSACTIONS None. INDEPENDENT EXAMINATION The net fee for the IndeF*ndent examination was £250 (2020 £250) and also £300 (2020 £300) for the preparation of the a£counts. 10 EMPLOYEES There were no employees durirKJ the year (2020 nil). 15