GANDYS FOUNDATION (a company Ilmited by guarantee) TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Charity No. 1152918 Company No. 08516239
Gandys Foundatlon Year Ended 31 May 2024 CONTENTS LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES, REPORT INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES STATEMENT OF FINANC5AL ACTIVITIES BALANCE SHEET ACCOUNTING POLICIES 10 NOTES TO THE FINANCIAL STATEMENTS 12
Gandys Foundatlon Year Ended 31 May 2024 LEGAL AND ADMINISTRATIVE INFORMATION GOVERNANCE The organlsatlon is a charitable company limlted by guarantee, incorporated in England on 3 May 2013 and reglstered as a charlty on 17 July 2013. The company was established under a Memorandum of Associatlon. The serving trustees elect the trustees. TRUSTEES Paul Forkan Robert Forkan Preet Légha Nlcholas Robertson (appointed 20.6.23) DIRECTORS Preet Legha Nlcholas Robertson (appolnted 1.3.23) PRINCIPALIREGISTERED OFFICE Sult8 B2 The Old Church Quicks Road London SW19 1EX BANKERS Metro Bank One Southampton Row London WC1B SHA ACCOUNTANTS A Wood and Co LLP Chartered Accountants 18-20 Moorland Road Bursl8m Stoke on Trent ST6 1DW
Gandys Foundatlon Year Ended 31 May 2024 LEGAL AND ADMINISTRATIVE INFORMATION POWERS OF INVESTMENT The trustees ar6 authorlsed by the Memorandum of Assoclation to d8posIt or Invest funds, employ a professlonal fund manager and arrange for the Investments or other property of the Charity to be held in the name of a nominee. LIABILITY OF MEMBERS The Ilablllty of th6 members as set out In the Memorandum of Assoclatlon of the company Is as follows: °Each member of the Charlty und8rtakes that, If the Charlty is wound up while he Is a member, or withln one year after he ceases to be a member, he will continue a sum not exceeding £1 to the assets of the Charlty for.'_ payment of th8 debts and liabilitias of the Charlty contracted before he ceases as m8mber,' payment of the costs, charges and expenses of wlndlng up,. and 8dJustment of the rights of the contrlbutlons amount themselves..
Gandys Foundatlon Year Ended 31 May 2024 TRUSTEES, REPORT The trustees, who act as dlrectors for the purposes of company law, present their report along wlth the financlal ststements of the trust for thé year ended 31 May 2024. OBJECTIVES AND ACTIVITIES Tha objects of the Charlty are for the publlc beneflt: 1. to provlde relief to those In need by reason of youth, age,111-health, disablllty, flnancial hardshlp or other dlsadvantage by provldlng or procurlng the provislon of services, education, training, consultancy, advice, support, counselllng, guidance, grants, scholarshlps, awards or materlals in kind to indlvlduals or other organlsations with a charltable purposa. 2. to further such other excluslvely charltable purposes according to the law of England and Wales as thg Trustees In thelr absolute dlscretlon from tlme to time determlne. FINANCIAL REVIEW The statement of flnancial activlties is on page 7. Total Incoming resources for the year amounted to £157,368 (2023: £147,354). There was a net profiV(deflcit) of incoming over outgolng resources of £33,990 (2023;{ £39,683)> which has been transferred out of unrestricted and restricted funds as approprlate. Major funders Include S.Barton, Gandys Internatlonal, N.Robertson, LCR Solari, DD Peppin and GJ Harrls.
Gandys Foundatlon Year Ended 31 May 2024 The trust's assets are held for the generatlon of Investment Income for the financlng of operations. In the oplnlon of the Board, the funds held at 31 May 2024 were avallable and adequate to fultii the trust's exlstlng obllgatlons. There have been no materlal changes in the pollcles of the charlty during the year. DIRECTORS The dlrectors during the year under revlew were: Preet Legha Paul Forkan (resigned 17.4.23) Robert Forkan (r8sign8d 14.4.23) Nicholas Robertson (appolnted 1.3.23) SMALL COMPANY PROVISIONS Thls report ha8 been prepared In accordance with the small companles regime under the Companles Act 2006. RESERVES The Board has revlewed the reserves of the Charity. Thls review encompassed the nature of the income and expenditure streams, the need to match variable Income with fixed commltments and the nature of the reserves. The year end position shows that unrestricted funds are £101,182 (2023: £67,192) and restrlcted £nil (2023: £nil). TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS Company law requlres th8 trustees to prepare flnanclal statements for each flnancial year whlch glve a true and falr vl8w of the state of the affairs of the charitable company as at the balance sheet date and of its Incomlng r8source8 and application of resources, Includlng Income and expendlture, for th8 financlal year. In preparlng those flnanclal statements, the trustees should follow best practice and: Select suitable accountlng pollcles and then apply them consistently; Observe the methods and principles in the Charitles SORP. Make judgements and estlmates that are reasonable and prudent. stst8 whether applicable UK Accountlng Standards have been followed, subject to any materlal departures disclosed and explalned In the financial statements; Prepare the financlal 8tatements on the golng concern basis unless it Is inapproprlate to assume that the charltable company will conlinue on that basis. The trustees are responslble for maintalnlng proper accountlng records whlch dlsclose with reasonable accuracy at any time the financial posltion of the charitab18 company
Gandy8 Foundatlon Year Ended 31 May 2024 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS- contlnued and to enable them to ensure that the financial statements comply with the Companles Act 2006. The trustees are also responslble for safeguarding the assets of the charitable company and hence for taklng reasonable steps for the preventlon and detection of fraud and other irregularitles. Chalrfs Report for Accounts and Publlc Beneflt 2023.24 The Gandys Foundation continued to thrlve with donatlons In 202312024 from Mr and Mrs Barton, Ms D Peppin, Gandys Internatlonal and M Hutchlngs to name but a few. These donatlons enabled us to continue to fund the runnlng costs of both our Brazil campus's and the Sri Lanka campus, support our Nepalese charity partners and continue to donate funds to the Malawl food programme. In 2024 we introduced four new projects in Brazll, Ghana, Ball and Srl Lanka. Our only operatlng costs are accountants, fees as we all work on a voluntary basls. We are not commltted to runnlng costs for any charity project and only agree funds to support proJ8Cts when we have the funds In hand. Looking ah&ad l am delighted to announce contlnued support for our campus's with further projects in the pipllne working wi r current charily partners. as Robertson andys Foundation 30 April 2025
Gandy8 Foundatlon Year Ended 31 May 2024 INDEPENDENT EXAMINER'S, REPORT ON THE ACCOUNTS TO THE TRUSTEESIDIRECTORSIMEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF GANDYS FOUNDATION FOR THE YEAR ENDED 31 MAY 2024 SET OUT ON PAGES 7 TO 15. I report to the charlty trustees on my examlnatlon of the accounts of the Company for the year ended 31 May 2024. Re8pon$lbllltlos and ba$ls of report As the charlty's trustegs of the Company (who are also the dlrectors of the company for the purposes of company18w), you are r8sponslble for the prep8ratlon of the accounts In accordance wlth the raquirements of the Companies Act 2006 ("the 2006 Act"). Having satlsfled myself that the accounts of the Company are not requlred to b8 audlted for thls year under Part 16 of the 2006 Act and are ellglble for Independent examlnatlon, I report In respect of my examlnation of your charlty's accounts as carrled out under section 145 of the Charlties Act 2011 ("the 2011 Act.). In carrying out my examinatlon, I have followed th8 Dlrectlons glven by the Charlty Commlsslon (under s6Ctlon 145(5)(b) of the 2011 Act. Indepondent oxamlnef8 $tat•mont I have completed my 6xamlnation. I confirm that no material matters have com8 to my att8ntlon, which give me cause to bellev8 that: accountlng records wère not kept in accordance wllh section 386 of the Companles Act 2006; or the accounts do not accord wlth such records; or the a¢Kounts do not comply wlth ralevant account requSrements under section 396 of the Companies Act 2006 other than any requlrement that the accounts glve a 'true and falr, vlew whlch is not a matter consldered as part of an Independent examlnallon: or the acGounts have not been prepared in accord8nce wlth the Charltles SORP {FRS102). C Parry ACA Date.. 30 Aprll 2025 A Wood and Co LLP Chartered Accountants 18-20 Moorland Road Bun81em stoke on Trent staffs ST6 1DW
Gandys Foundatlon STATEMENT OF FINANCIAL ACTIVITIES Year Ended 31 May 2024 Note Unrestrlcted fund Restrlcted fund8 Year Year to Ended 31,05.23 31.05.24 INCOMING RESOURCES INCOMING RESOURCES FROM CHARITABLE ACTIVITIES: Donations and legacies TOTAL INCOMING RESOURCES 157 368 157 368 147 354 157368 157 368 147,354 RESOURCES EXPENDED Governance Costs Charltable Actlvltles Other Resources Expended TOTAL RESOURCES EXPENDED 1,162 122,216 1,162 921 122,216 106,750 123,378 123 378 107,671 NET (EXPENDED)IINCOMING RESOURCES- NET INCOME FOR THE PERIOD 33,990 33,990 39,683 NET MOVEMENT IN FUNDS Total funds at 31 May 2023 33,990 67,192 33,990 67,192 39,683 27,509 TOTAL FUNDS AT 31 May 2024 101182 101182 The charity has no recognised gains or losses other than the net movement in funds for the year.
Gandys Foundatlon STATEMENT OF COMPREHENSIVE INCOME Year Ended 31 May 2024 2024 2023 (Deflclt)Isurplus for the year Total comprehensive Income for the year 39,683 STATEMENT OF CHANGES IN EQUITY Unrestricted funds Total At 1 June 2023 Surplus for the year 67,192 Total compreh8nslve Income At 31 May 2024 101182 101,182 Unrestrlcted funds Total At 1 June 2022 Surplusl(Deflclt) for the year 27,509 39,783 27,509 39,783 Total comprehensive Income At 31 May 2023 39,783 67,192
Gandy8 Foundatlon BALANCE SHEET Charlty No. 1152918 At 31 May 2024 Note 31.05.24 31.05.23 CURRENT ASSETS Cash at bank and In hand Other debtors 101,842 67,852 101,842 67,852 CREDITORS: Amounts falllng due wlthln one year 660 680 NET ASSETS 101,182 67,192 Unre8trlcted funds; General funds 101,182 67,192 101,182 67,192 Restrlcted funds TOTAL FUNDS 101,182 67,192 For the year endlng 31 May 2024 the charitable company was entitled to exemptlon under sectlon 477 of the Companles Act 2006. The members have not requlred the company to obtaln an audit in accordance with sectlon 476 of th6 Companles Act 2006. The trusteesldlrectors acknowledge thelr re8ponslbllltl8s for complying wlth the requlrements of the Companies Act 2006 with r8SP8Ct to accounting records and the preparation of accounts. The financi on thelr b ements were appro y the trustees on 30 April 2025 and 81gned alf ob&rtson - Director
Gandys Foundatlon Year Ended 31 May 2024 ACCOUNTING POLICIES The followlng accountlng pollcies have been applled conslstently In deallng with Items which are consldered material In relatlon to the charity's flnanclal Statements: BASIS OF PREPARATION The financlal statements have been prepared under the hlstorlcal cost aecountlng rules and In accordance wlth appllcable accountlng standards. The flnancial statements have been prepared in accordance wtth the Charlties SORP (FRS102). The flnanclal statements have been prepared In accordance with Flnanclal Reportlng Standard 102. GOING CONCERN The Dlrectors of the Charlty are aware that In the absence of fundlng becoming available within a reasonable timescale, a decision to liquidate the company would need to be Implemented to avold Insolvent tradlng. INCOMING RESOURCES Voluntary Income Is recelved by way of donations and glfts and is Included In full In th8 Statement of Flnancial Actlvltles when recelved, The value of servlces provided by volunteers has not been included. Grants, Sncludlng grants for the purchase of fixed assets, are recognlsed in full In the Statement of Financial Actlvities in the year In which they are recelvabl6. RESOURCES EXPENDED Resources expended are recognised on an accruals basls. Resources 8xpended Include attributable VAT, which cannot be recovered. Resources expended are allocated to the partlcular actlvlty where the cost relates directly to that activity. Costs are apportloned on a use basis where appropriate. TAXATION As a reglstered charity the trust is ex8mpt from Ilabillty to corporation tax and no provision for tsxatlon is ther8for8 made. 10
Gandys Foundatlon Year Endod 31 May 2024 ACCOUNTING POLICIES FUND ACCOUNTING Restrlcted funds are to be used for specific purposes as lald down by the donor. Expenditure whlch meets this crlt8rla is charged to th8 fund, together wlth a falr allocatlon of management and support costs, Unreslrlcted funds are unrestricted funds which the trustees are free to use In accordance wlth the objects of the charlty. Deslgnated funds are unrestricted funds which have been allocated for specific purposes by th8 trustees. RESOURCES EXPENDED Expenses have been apportioned betW8en the dlfferent types of costs by th8 charlty Manager,
Gandys Foundatlon NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2024 INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S OBJECTS Year Year 8nd•d ended 31.05.24 31.05.23 Total Total Unra8tricted Re$tri¢t8d Donatlons and legacles Varlous S Barton N Robgrtson Gandys International LCR Solarl DD Peppin GJ Harris 33,329 60,000 9,000 10,039 10,000 25,000 10,000 33,329 21,325 60,000 61,000 9,000 10,039 65,029 10,000 25,000 10,000 157368 157.368 147,354 2 TAXATION The charity is exempt from corporatlon tax on Its charitable activities. 12
Gandys Foundatlon NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2024 TOTAL RESOURCES EXPENDED Generatlng Funds Charltsble Governanca Actlvltles Olher Resources Y•ar Yoar ended ended 31.05.24 31.05.23 Total Total Afrlcan Vl8lon Malawl 6,730 6,730 8,941 Projèct Favela 21,250 21,250 26,350 Chora Chori 28,100 28,100 23.250 Vèloo Foundatlon 1.495 Sundry donallons 9,354 9,354 755 Srf Lanka Freedom for ¢hlldr8n 12,473 12,473 15,384 Ca88 Gualem8la 15.000 15,000 30,575 Ball Chlldren's Project 29,309 29,309 Sundry Expanses Accountancy 660 880 Bank charges & Interest 502 502 261 122 218 123378 107 671 DEBTORS Year Year ended ended 31.05.24 31.05.23 Other debtors 13
Gandys Foundatlon NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Year Year endéd ended 31.05.24 31.05.23 Accrued expenses 660 660 660 660 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlctéd general funds R8Stricted fund8 Total Current assets Current Ilablllties 101,842 (660) 101,842 (660) NET ASSETS At 31 May 2024 101,182 101,182 MOVEMENT IN FUNDS At 31 May 2023 Incoming resources Outgolng resources At31 May 2024 Restrlcted funds: Gen8ral (see note 3) Total restricted funds Unrestrlcted funds: General funds 67,192 157,368 (123,378) 101,182 Total unrestricted funds 67,192 157,368 (123,378) 101.182 TOTAL FUNDS 67,192 157,368 {123,378> 101,182 14
Gandy8 Foundatlon NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2024 RELATED PARTY TRANSACTIONS None. INDEPENDENT EXAMINATION The net fee for the Independent Examlnatlon was £250 (2023 £250) and also £300 (2023 £300) for the preparatlon of the accounts. 10 EMPLOYEES There were no employees during the year (2023 nll). 15