GANDYS FOUNDATION {a company limlted by guarant•e TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Charity No. 1152918 Company No. 08516239
Gandys Foundatlon Y•ar Ended 31 May 2025 CONTENTS LEGAL AND ADMINISTRATIVE 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 Y•ar End6d 31 May 2026 LEGAL AND ADMINISTRATIVE INFORMATION GOVERNANCE The organlsation Is a charitable company limited by guarantee, incorporated In England on 3 May 2013 and reglstered as a charity 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 Legha Nicholas Robertson (reslgned 30.05.25) DIRECTORS Preet Legha Nicholas Robertson (resigned 30.05.25) Paul Forkan (appointed 27.06.25) Robert Forkan (appointed 24.06.25) PRINCIPALIREGISTERED OFFICE Suite 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 Burslem stoke on Trent ST6 1DW
Gandys Foundation Year Ended 31 May 2026 LEGAL AND ADMINISTRATIVE INFORMATION POWERS OF INVESTMENT The trustees are authorised by the Memorandum of Association to deposit or invest funds, employ a professional 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 Ilability of the members as set out in the Memorandum of Association of the company is as follows: 'Each member of the Chan"ty undertakes that, if the Charity 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 Charity for... payment of the d6bts and liabllities of the Charity contracted befo he ceases as member payment of the costs, ch8rges and expenses of winding up," and adjustment of the rights of the contributions amount thems81ve&"
Gandys Foundation Year End•d 31 Pllay 2026 TRUSTEES, REPORT The trustees. who act as dlrectors for the purposes of company law, present their report along with the financlal statements of the trust for the year ended 31 May 2025. OBJECTIVES AND ACMVITIES The objects of the Charity are for the public benefit: 1. to provide relief to those in need by reason of youth, age, ill-health, disabillty, financlal hardship or other disadvantage by provlding or procuring the provision of Servi$, education, training, consultancy, advice, support, counselling, guidance, grants, scholarships, awards or materials in kind to indlvlduals or other organisations with a charftable purpose; 2. to further such other exclusively charitsble purposes accordlng to the law of England and Wales as the Trustees in their absolute discretion from time to time determine. FINANCIAL REVIEW The statement of financial actlvities Ss on page 7. Total incoming resources for the year amounted to £118,817 (2024: £157,368). There was a net profiU(deficit) of Incomlng over outgoing reSoUrS of (£39,752) (2023: £33,990) which has been transferred out of unrestricted and restrlcted funds as appropriate. Major funders Include S.Barton, Gandys International and D Peppln.
Gandys Foundatlon Year Ended 31 May 2026 The trust's assets are held for the generation of Investment income for the financing of operations. In the opinion of the Board, the funds held at 31 May 2025 were available and adequate to fulfi'l the trust's existing obligations. There have been no material changes in the policies of the charity during the year. DIRECTORS The dlrectors during the year under review were.. Preet Legha Nlcholas Robertson (resigned 30.05.25) Paul Forkan (appointsd 27.06.25) Robert Forkan (appointed 24.06.25) SMALL COMPANY PROVISIONS Thls report has been prepared in accordance with the small companies regime under the Companies Act 2006. RESERVES The Board has revlewed the reseNes of the Charity. Thls review encompassed the nature of the income and expenditure streams, the need to match variable Income with fixed commitments and the nature of the reserves. The year end positlon shows that unrestricted funds are £61,430 (2024: £101,182) and restricted £nil (2024: £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 affairs of the charitsble company as at the balance sheet date and of its incomlng resources and application of reSoUrs, Including income and expenditure. for the financlal year, In preparing those financial statements, the trustees should follow best practice and: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charlties 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 financlal statements on the going concern basis unless it is inappropriate to assume that the charltable company will contlnue on that basis. The trustees are responslble for maintsining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company
Gandys Foundatlon Year End•d 31 May 2026 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS - continued and to enable them to ensure that the financlal statements comply with the Companies Act 2006. The trustses are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularities. Chairs report for AG¢ounts and Publlc Benefit 2024-25 The Gandys Foundation continued to thrive with donations in 2024125 from Mr and Mrs Barton, Ms D Peppin, Gandys International and Ms M Hut¢hlngs amongst others. These donations enabled us to continue to fund the running costs of the campus's in Sri Lanka, Brazil and Nepal and continue the food programme at our Ghana campus We were also able to Gomplete our new project in Sri Lanka towards the end of 2024 and funded new programs in Nepal and three new programs in Malawi with our charity partners. Our only operating costs are accountants, fees as we all work on a voluntary basis. We are not committed to running costs for any charity project and only agree funds to support projects when we have the funds in hand. Looking ahead l am delighted to announce continued support for our campus's with further projects in the pipline working with our current charity partners. Preet Legha Gandys Foundation 12 February 2026
Gandy8 Foundatlon Year End•d 31 May 2025 INDEPENDENT EXAMINER'S. REPORT ON THE ACCOUNTS TO THE TRUSTEESIDIRECTORSIMEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTOR Y ACCOUNTS OF GANDYS FOUNDATION FOR THE YEAR ENDED 31 MAY 2025 SET OUT ON PAGES 7 TO 15. I report to the charity trustees on my examlnalion of th8 accounts of the Company for the year ended 31 May 2025. R•spon81bllltl0s and basls of report As th8 charity's trustees of the Company (who are also the dlrectors of the company for the purposes of company law). you arè responsible for the preparatlon ofthe accounts in accordance with the requirements of the Companles Act 2006 C'the 2006 Act.). Having satisfied myself that the a)untS of the Company are not required to bè audited for this year under Part 16 of the 2006 Act and are eligible for Indep&ndenl examination, I report In respect of my examination of your chariiy's accounts as carrie(l out under section 145 of th8 Charities Act 2011 (°Ihe 2011 Act.). In carrying out my examlnatlon, I have followed the Directions given by the Charity Commisslon (under sedion 145(5)(b) of the 2011 Act. Independent •xamlnor's $tat•ment I have completed my examinatlon. l Confirm that no material matters have come to my attention, which giv8 me cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006: or the accounts do not accord with such records: or th8 accounts do not comply with relevant a¢count requirements und8r section 396 of th8 Companies Act 2006 other than any requir8ment that the a¢counts give a 'true and falr, view which Is not a matter consldered as part of an Independent examlnation. or the accounts have not been pr8pared In ac¢ordanee with the Charities SORP (FRS102). C Parry ACA Date: 12 February 2026 A Wood and Co LLP Chartered AUntantS 18-20 Moorfand Road Burs16m Stoke on Trent staffs ST6 1DW
Gandys Foundatlon STATEMENT OF FINANCIAL ACTIVITIES Yoar Ended 31 May 2026 Note Unrestricted fund Restricted funds Y•ar Year to Ended 31.05.24 31.06.26 INCOMING RESOURCES INCOMING RESOURCES FROM CHARITABLE ACTIVITIES: Donatlons and legacies TOTAL INCOMING RESOURCES 118817 118 817 157,368 118 817 118,817 157,368 RESOURCES EXPENDED Governance Costs Charitable Activitles Other Resources Expended TOTAL RESOURCES EXPENDED 1,562 157,007 1,662 1,162 167,007 122,216 158 569 168 669 123,378 NET (EXPENDED)IINCOMING RESOURCES- NET INCOME FOR THE PERIOD (39,752) (39.762) 33,990 NET MOVEMENT IN FUNDS Total funds at 31 May 2024 {39,752) 101,182 139,762) 101,182 33,990 67,192 TOTAL FUNDSAT 31 May 2025 101,182 The charlty has no recognised gains or losses other than the net movement in funds for the year.
Gandys Foundation STATEMENT OF COMPREHENSIVE INCOME Yoar Endèd 31 May 2026 2025 2024 (Deficlt)Isurplus for the year Total comprehensive income for the year STATEMENT OF CHANGES IN EQUITY Unrestricted funds Total At 1 June 2024 Surplusl(deficlt) for the year Total comprehenslve income At 31 May 2025 101182 101182 Unrestrlcted funds Total At 1 June 2023 Surplusl(Defi¢it) for the year 67,192 67.192 Total comprehensive income At 31 May 2024 101182 101182
Gandys Foundation BALANCE SHEET Charity No. 1152918 At 31 May 2025 Note 31.06.26 31.05,24 CURRENT ASSETS Cash at bank and in hand other debtors 62,160 101,842 62,160 101,842 CREDITORS: Amounts falling due within one year 720 660 NET ASSETS 61,430 101,182 Unrestricted funds.. General funds 61,430 101,182 61.430 101,182 Restricted funds TOTAL FUNDS 61,430 101,182 For the year ending 31 May 2025 the charitable company was entitled to exemption under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companles Act 2006. The trusteesldirectors acknowledge their responsiblllties for CL)mplying with the requirements of the Companles Act 2006 with respect to accountlng records and the preparatlon of acUnt5. The financial statements were approved by the trustees on 12 February 2026 and signed on their behalf by: Preet Legh irector
Gandys Foundatlon Year Ended 31 May 2026 ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with Items which are considered material in relation to the charity's financial statements.. BASIS OF PREPARATION The financial statements have been prepared under ihe historical cost accounting rules and in accordance with applicable accounting standards. The financlal statements have been prepared in accordance wlth the Charities SORP (FRS102). The flnancial statements have been prepared in accordance with Finan¢lal Reporting standard 102. GOING CONCERN The Dlrectors of the Charity are aware that in the absence of funding becomlng available within a reasonable tlmescale, a decision to liquidate the company would need to be implemented to avoid Insolvent trading, INCOMING RESOLIRCES Voluntary income is recefved by way of donations and glfts and is included in full in the Statement of Financial Actlvities when received. The value of services provided by volunteers has not been Included. Grants, Including grants for the purchase of fixed assets, are recognlsed in full in the Statement of Financial Activities in the year in which they are receivable. RESOURCES EXPENDED Resources expended are recognised on an accruals basls. Resources expended include attributable VAT, whlch cannot be recovered. Resources expended are allocated to the particular aCtlty where the cost relates directly to that activity. Costs are apportioned on a use basis where appropriate. TAXATION As a reglstered charity the trust is exempt from liabillty to corporation tax and no provision for taxation is therefore made. 10
Gandys Foundation Year Endod 31 May 2026 ACCOUNTING POLICIES FUND ACCOUNTING Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets thls criterfa is charged to the fund, together with a fair allocatlon of management and support costs. Unrestricted funds are unrestrlcted funds which the trustees are free to use in accordance with the objects of the charity. Designated funds are unrestricted funds which have been allocated for specific purposes by the trustees. RESOURCES EXPENDED Expenses have been apportioned between the different types of costs by the charity Manager. 11
Gandys Foundatlon NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2025 INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S OBJECTS Y•ar Yèar end¢d ended 31.06.25 31.05.24 Totsl Total Unre8trl¢ted Re$lri¢ted Donations and legacies Various S Barton N Robertson Gandys International LCR Solari D Peppln GJ Harris 10,703 25,000 10,703 33.329 26,000 60,000 9,000 63,114 10,039 10.000 20,000 25,000 10,000 63,114 20,000 118817 118 817 157 368 2 TAXATION The charity is exempt from corporation tax on its charitable activities. 12
Gandyi Foundatlon NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2025 TOTAL RESOURCES EXPENDED G8nerating Funds Charltable Governan Activitiés 0th8r Resources Y•ar Year endad ended 31.05.25 31.05.24 Totsl Tolal African V15ion Malawl 27.898 27,898 6,730 Projo¢1 Favela 21,250 Chora Chori 31,525 31.525 28,100 Veloo Foundallon 674 674 Sundry donattons 571 571 9,354 Sri Lanka Freedom for children 7,200 7,200 12,473 Casa Guatemala 500 500 15,000 Casa Nmarela Brazil 7.409 7.409 Project Povoada 13.ogj 13.090 Future Stars Ghana 9,000 9,000 Bali Chlldren's Project 29,309 Sri Lanka Atman Assoclation 59,140 59,140 Accountancy 780 780 Bank charg0$ & nteresl 782 782 502 157007 123378 DEBTORS Yoar Year •nd•d ended 31.05.26 31.05.24 other debtors 13
Oandys Foundatlon NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Year Year and•d ended 31.06.26 31.05.24 Accrued expenses 720 660 720 660 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted general funds Restricted funds Total Current assets Current liabillties 62.150 (720) 62,150 1720) NET A88ETS At 31 May 2026 61,430 61,430 MOVEMENT IN FUNDS At 31 May 2024 Incoming resources Outgoing sources At31 May 2025 Restricted funds: General (see note 3) Total restricted funds Unrestricted funds: General funds 101,182 118,817 (158.569) 61,430 Total unrestricted funds 101,182 118,817 (158,569) 61,430 TOTAL FUNDS 101,182 118,817 {158,509) 61A30 14
Gandys Foundatlon NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 May 2025 RELATED PARff TRANSACTIONS None. INDEPENDENT EXAMINATION The net fee for the Independent Examination was £300 (2024 £300) and also £420 (2024 £420) for the preparation of the accounts. 10 EMPLOYEES There were no employees during the year {2024 nil). 11 TRUSTEES, REMUNUERATION AND EXPENSES The trustees all give their time and expertise without any form of remuneratlon or other benefit in cash or kind (2024., £nil). During the year, travel expenses totslling £570.86 were reimbursed to one trustee (2024.. £nil to zero trustees) for travel Costs inourred In visiting and monitoring a charltable project funded by the charlty. 15