2024-04-30-accounts - Good Shepherd Foundation UK

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REGISTERED COMPANY NUMBER: 09543610 (England and Wales)
REGISTERED CHARITY NUMBER: 1164364

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

`FOR`

`GOOD SHEPHERD FOUNDATION UK`

Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

GOOD SHEPHERD FOUNDATION UK

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024`

	`Page`	`Page`	`Page`
`Report of the Trustees`	`1`	`to`	`3`
`Independent Examiner's Report`		`4`
`Statement of Financial Activities`		`5`
`Balance Sheet`		`6`
`Notes to the Financial Statements`	`7`	`to`	`11`
`Detailed Statement of Financial Activities`		`12`

GOOD SHEPHERD FOUNDATION UK

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`

Thetrustees,whoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct,submit their
annualreportandthefinancialstatementsfortheperiodended30April2024.Thetrusteeshave adopted
theprovisionsoftheStatementofRecommendedPractice(SORP)"AccountingandReporting by
Charities" issued in 2015 in preparing the annual report and financial statements of the charity.

Thecharityisacharitablecompanylimitedbyguaranteeandwasincorporatedon15April2015.It is
governed by a memorandum and articles of association.

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

TheobjectivesoftheCharityaretoadvanceeducationinIndiaandothercountriesinSouthAsia, and
promotionofhealthcare,relief,advocacyandadvancementoftheChristianfaithinthesecountriesby all
charitable means as may seem appropriate by the Charity.

TheCharityisworkingintheshorttermtosupporttheworkofpartnersinIndiarunningschools, primary
healthandrelatedprojects.Criticalprojectssuchasfooddistribution,virtualandregularhealth centres
orclinicsandschoolsrunningonlineclassesforstudentshavebeensupportedbytheCharityduring the
year.Thecharitysawamarkedgrowthinfundingtowardsstrategicmulti-yearprojectsin education,
community health and women and child-centric relief and development activities.

SupportoftheexistingprimaryandhighschoolprogramsrunbypartnersinIndiaarea long-term
priorityforthecharityasseveralprojectsoperateholistically,combiningeducation,healthand economic
development initiatives.

`Public benefit`

TheTrusteeshavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
public benefit when reviewing the Charity's aims and objectives and in planning future activities.

`Fundraising and Grants`

TheTrusteesareresponsibleforfundraisingandincomegenerationforprojects.Thecharitydoes not
consideritnecessarytohirefulltimefundraisingstaff,keepinginmindtherestrictionsontravel and
other prevailing uncertainties relating to the pandemic and related risk to UK staff.

Grantscontinuetobemadebykeypartnerswhoarefullyengagedinprojectsthatalignbothinterms of
short term and long-term objects of the charity.

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities`

Duringtheyearto30April2024GSFUKfundededucationforvulnerablegirlsatrisksbothatthe shelter
andacrossvariousGoodShepherdSchoolsacrossIndia.Thefoundationwaspleasedtofund priority
Bibleliteraturedistributionactivitiesforcommunitiesforyoungadultsandthesupplyof educational
resourcessuchasschoolbookstochildreninneed.ReliefworkintheStateofManipurwasalsofunded by
the Charity for many victims of the ongoing unrest in the State.

Also,duringtheyear,Dr.AlisonMalcolmwasabletoreviewtheprojectsfundedinIndia,notable[a] the
newfullyfunctionaltherapycentre:Thiscentrecaterstochildrenwithphysicaland developmental
challenges,offeringphysiotherapy,occupationaltherapy,speechtherapy,behaviouraltherapy, and
psychologicalservices,alongwithessentialequipmentand[b]ANewParamedicalTrainingCentre: The
facility includes a skills lab (complete with training dummies) and classrooms.

Currently,wehave61studentspursuingparamedicalstudies,andlastmonth,theGoodShepherd Clinic
providedoutpatientcareto3,248individualsacrossspecialtieslikepaediatrics, dermatology,
gynaecology,familymedicine,andphysiotherapy.Additionally,2,000patientsreceivedcare via
telehealthservices.Thisworkhasaprofoundimpactonthehealthandempowermentof many,
particularlywomenandchildren,whilemeetingourfoundationalgoalsto:Providematernaland childcare
facilities,establishacentralhubforphysiciansandsupportteams,anddevelopasustainablemodel for
vocational and professional healthcare training.

Page 1

GOOD SHEPHERD FOUNDATION UK

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`

`FINANCIAL REVIEW`

`Principal funding sources`

TheGoodShepherdFoundationUKexperiencedayearoffinancialchallenges,markedbyreduced income
and scaled-down activities in response to ongoing global uncertainties.

Inresponsetoreducedincome,thetrusteestookprudentmeasurestostreamlineoperationsand focus
onessentialprojects.Keyareasofsupportincludededucationalinitiatives,healthcareprograms, and
targetedpovertyreliefefforts.Byprioritizingstrategicprojectsandminimizingoperationalcosts, the
foundation ensured that critical services remained uninterrupted.

Thefinancialresultsfortheyeararesetoutintheattachedaccounts.Totalincomeraisedforthe year
ended30April2024was£350,924(2023:£740,922).Therewasadeficitof£72,454(2023: £551,168)
fortheyear.Thetotalreservesat30April2024were£512,953(2023:£585,407).Total expenditure
during the year was £423,378 (2023: £1,292,090).

`Investment policy and objectives`

The Charity maintains its surplus cash in a deposit account with the Charity's bankers.

`Reserves policy`

Thecharityreviewsit'sreservesonanongoingbasisandconsiderstheyearendreserveswhich in
majorityrepresentunrestrictedfundstobeadequatetomeetitsfuturecommitmentsand obligations
relating to funding for projects and aid requirements.

Potentialriskshavebeenconsideredbythetrustees,anditsstructureallowsflexibilityinorder to
manage any subsequent adverse financial impact that may arise.

`FUTURE PLANS`

TheCharitywillcontinuetoadvancethedevelopmentofeducation,healthcare,providerelief from
povertyandnaturalandotherdisastersaswellascontinuetoadvancetheChristianfaiththrough legally
permitted opportunities in countries that are sensitive to promotion of faith-based activities.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

TheCharityisacompanylimitedbyguarantee,asdefinedbytheCompaniesAct2006.Itisgoverned by
its Memorandum and Articles of Association since its incorporation on 15 April 2015.

`Recruitment and appointment of new trustees`

RecommendationsfornewTrusteescanbereceivedfromanyexistingTrusteeandwillonlyberatified by
unanimousagreement.Trusteesmeetingsareheldonceortwiceayeartomakedecisionsregarding the
operationoftheCharity,whereTrusteesdiscussandvoteonthesematters,especiallyinrelationto the
donations to be made.

`Related parties`

Oneofthetrusteesalsoservesasdirectorontwoorganizationssupportedbythecharity. Both
organizationshaveindependentboards,andnoremunerationorbenefitsarepaidtothetrusteefor his
role.Theremainingtrusteesensurethatexpenditureisincurredsolelyoncharitableworkand no
inadvertent conflicts of interest arise.

`Risk management`

TheTrusteesregularlyreviewthemajorriskstowhichtheCharitymaybeexposed,andputin place
systemstomitigatethoseriskswhereverpossible.Theserisksandsystemswillbemonitoredon an
ongoingbasis,andisconductedaspartoftheannualplanningprocess.Thetrusteeshavereviewed the
risksfacingthecharityandthesearesimilartomanyothercharitiesinasmuchasthecharityis entirely
dependent on funds provided by members of the public and other interested charitable bodies.

TheTrusteesmitigatethisriskbyensuringthattheydonotundertakeprojectswhichtheydonot have
thefundsinplacetocarryout.Therearealsoreputationalriskswhicharemitigatedthrough ensuring
thatthecharitycompliesinsofarastheTrusteesareablewithallstatutesandlaws,Itis accepted,
howeverthatduetothenatureoftheworkbeingundertakenthereisalwaystheriskofadverse publicity
should people feel challenged by the work the charity does to represent the needs of the vulnerable.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Company number`

09543610 (England and Wales)

Page 2

GOOD SHEPHERD FOUNDATION UK

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`

Registered Charity number
1164364

Registered office
325 Front Lane
Cranham
Essex
RM14 1LH

`Trustees`

R D Cook
J G D'Souza
A H Malcolm

`Independent Examiner`

Lee Blunden FCCA CTA
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

`Solicitors`

Wrigleys Solicitors LLP
19 Cookridge Street
Leeds
LS2 3AG

`Bankers`

National Westminster Bank Plc
18 Station Road
Upminster
Essex
RM14 2UD

Approvedbyorderoftheboardoftrusteeson.............................................andsignedonits behalf
by:

.......................................................
R D Cook - Trustee

Page 3

`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOOD SHEPHERD FOUNDATION UK`

Independentexaminer'sreporttothetrusteesofGoodShepherdFoundationUK ('the
Company')

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
30 April 2024.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
145(5) (b) of the 2011 Act.

`Independent examiner's statement`

Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body.
IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberofthe Association
of Chartered Certified Accountants, which is one of the listed bodies.

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance 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)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

Lee Blunden FCCA CTA

Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

Date: .............................................

Page 4

`GOOD SHEPHERD FOUNDATION UK`

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024`

`Notes` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `EXPENDITURE ON` `Raising funds` `Charitable activities` `Core activities` `Total` `NET INCOME/(EXPENDITURE)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `TOTAL FUNDS CARRIED FORWARD`	`Unrestricted` `fund` `£` `350,924` `8,333` `415,045` `423,378` `(72,454)` `585,407` `512,953`	`Restricted` `fund` `£` `-` `-` `-` `-` `-` `-` `-`	`2024` `Total` `funds` `£` `350,924` `8,333` `415,045` `423,378` `(72,454)` `585,407` `512,953`	`2023` `Total` `funds` `£` `740,922` `17,142` `1,274,948` `1,292,090` `(551,168)` `1,136,575` `585,407`

The notes form part of these financial statements

Page 5

GOOD SHEPHERD FOUNDATION UK (REGISTERED NUMBER: 09543610)

`BALANCE SHEET 30 APRIL 2024`

`Notes` `FIXED ASSETS` `Tangible assets` `6` `CURRENT ASSETS` `Debtors` `7` `Cash at bank` `CREDITORS` `Amounts falling due within one year` `8` `NET CURRENT ASSETS` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `NET ASSETS` `FUNDS` `9` `Unrestricted funds` `TOTAL FUNDS`	`Unrestricted` `fund` `£` `414,326` `1,774` `99,347` `101,121` `(2,494)` `98,627` `512,953` `512,953`	`Restricted` `fund` `£` `-` `-` `-` `-` `-` `-` `-` `-`	`2024` `Total` `funds` `£` `414,326` `1,774` `99,347` `101,121` `(2,494)` `98,627` `512,953` `512,953` `512,953` `512,953`	`2023` `Total` `funds` `£` `424,421` `970` `162,488` `163,458` `(2,472)` `160,986` `585,407` `585,407` `585,407` `585,407`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 30 April 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:

.............................................

R D Cook - Trustee

The notes form part of these financial statements

Page 6

GOOD SHEPHERD FOUNDATION UK

`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

Forlegacies,entitlementistakenastheearlierofthedateonwhicheither:thecompanyis aware
thatprobablehasbeengranted,theestatehasbeenfinalisedandnotificationhasbeenmade by
theexecutor(s)totheTrustthatadistributionwillbemade,orwhenadistributionis received
fromanestate.Receiptofalegacy,inwholeorinpart,isonlyconsideredprobablewhen the
amountcanbemeasuredreliablyandtheCompanyhasbeennotifiedoftheexecutor'sintention to
makeadistribution.WherelegacieshavebeennotifiedtotheCompany,ortheCompanyis aware
ofthegrantingofprobate,andthecriteriaforincomerecognitionhavenotbeenmet,then the
legacy is treated as a contingent asset and disclosed if material.

GrantsreceivablearecreditedtotheStatementofFinancialActivities(SoFA)intheyearin which
theyarereceivable.IncomeisdeferredonlywhentheCharityhastofulfilconditionsto become
entitled to it or where the donor has specified that the income is to be expended in a future period.

Donatedservicesorfacilitiesarerecognisedwhenthecompanyhascontrolovertheitem, any
conditionsassociatedwiththedonateditemhavebeenmet,thereceiptofeconomicbenefit from
theuseofthecompanyoftheitemisprobableandthateconomicbenefitcanbe measured
reliably.InaccordancewiththeCharitiesSORP(FRS102),thegeneralvolunteertimeof the
FriendsisnotrecognisedandrefertotheTrustees'reportformoreinformationabout their
contribution.

Onreceipt,donatedprofessionalservicesanddonatedfacilitiesarerecognisedonthebasisof the
valueofthegifttotheCompanywhichistheamounttheCompanywouldhavebeenwillingto pay
toobtainservicesorfacilitiesofequivalenteconomicbenefitontheopenmarket;a corresponding
amount is then recognised in expenditure in the period of receipt.

IncometaxrecoverableinrelationtodonationsreceivedunderGiftAidordeedsofcovenant is
recognised at the time of the donation.

Incometaxrecoverableinrelationtoinvestmentincomeisrecognisedatthetimethe investment
income is receivable.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.

`Tangible fixed assets`

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.

Freehold property- 2% on cost
Improvements to property- 10% on cost

continued...

Page 7

GOOD SHEPHERD FOUNDATION UK

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`

`1. ACCOUNTING POLICIES - continued`

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

`2. NET INCOME/(EXPENDITURE)`

Net income/(expenditure) is stated after charging/(crediting):

	`2024`	`2023`
	`£`	`£`
`Depreciation - owned assets`	`10,095`	`10,096`

`3. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended30April2024nor for
the year ended 30 April 2023.

`Trustees' expenses`

There were £10,130 (2023: £2,446)  trustee's expenses paid for the year ended 30 April 2024.

`4. STAFF COSTS`

The average monthly number of employees during the year was as follows:

`Support staff` `No employees received emoluments in excess of £60,000.` `COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES` `Unrestricted` `fund` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `740,922` `EXPENDITURE ON` `Raising funds` `17,142` `Charitable activities` `Core activities` `1,274,948` `Total` `1,292,090` `NET INCOME/(EXPENDITURE)` `(551,168)`		`2024` `1` `Restricted` `fund` `£` `-` `-` `-` `-` `-`

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

continued...

Page 8

GOOD SHEPHERD FOUNDATION UK

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`

`5.` `COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued` `Unrestricted` `Restricted` `fund` `fund` `£` `£` `RECONCILIATION OF FUNDS` `Total funds brought forward` `1,136,575` `-` `TOTAL FUNDS CARRIED FORWARD` `585,407` `-` `6.` `TANGIBLE FIXED ASSETS` `Improvements` `Freehold` `to` `property` `property` `£` `£` `COST` `At 1 May 2023 and 30 April 2024` `410,000` `46,357` `DEPRECIATION` `At 1 May 2023` `27,300` `4,636` `Charge for year` `5,460` `4,635` `At 30 April 2024` `32,760` `9,271` `NET BOOK VALUE` `At 30 April 2024` `377,240` `37,086` `At 30 April 2023` `382,700` `41,721` `Included in cost or valuation of land and buildings is freehold land of £137,000 (2023` `which is not depreciated.` `7.` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `2024` `£` `Other debtors` `1,397` `Prepayments` `377` `1,774` `8.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `2024` `£` `Other creditors` `244` `Accrued expenses` `2,250` `2,494`		`Total` `funds` `£` `1,136,575` `585,407` `Totals` `£` `456,357` `31,936` `10,095` `42,031` `414,326` `424,421` `- £137,000)` `2023` `£` `625` `345` `970` `2023` `£` `-` `2,472` `2,472`

continued...

Page 9

GOOD SHEPHERD FOUNDATION UK

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`

`9. MOVEMENT IN FUNDS`

`At 1.5.23` `£` `Unrestricted funds` `General fund` `585,407` `TOTAL FUNDS` `585,407` `Net movement in funds, included in the above are as follows:` `Incoming` `resources` `£` `Unrestricted funds` `General fund` `350,924` `TOTAL FUNDS` `350,924`	`Net` `movement` `in funds` `£` `(72,454)` `(72,454)` `Resources` `expended` `£` `(423,378)` `(423,378)`	`At` `30.4.24` `£` `512,953` `512,953` `Movement` `in funds` `£` `(72,454)` `(72,454)`

`Comparatives for movement in funds`

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`At 1.5.22` `£` `1,136,575` `1,136,575`	`Net` `movement` `in funds` `£` `(551,168)` `(551,168)`	`At` `30.4.23` `£` `585,407`
			`585,407`

Comparative net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `740,922` `740,922`	`Resources` `expended` `£` `(1,292,090)` `(1,292,090)`	`Movement` `in funds` `£` `(551,168)` `(551,168)`

A current year 12 months and prior year 12 months combined position is as follows:

`At 1.5.22` `£` `Unrestricted funds` `General fund` `1,136,575` `TOTAL FUNDS` `1,136,575`	`Net` `movement` `in funds` `£` `(623,622)` `(623,622)`	`At` `30.4.24` `£` `512,953`
		`512,953`

continued...

Page 10

GOOD SHEPHERD FOUNDATION UK

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`

`9. MOVEMENT IN FUNDS - continued`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

`Incoming` `Resources` `resources` `expended` `£` `£` `Unrestricted funds` `General fund` `1,091,846` `(1,715,468)` `TOTAL FUNDS` `1,091,846` `(1,715,468)`	`Movement` `in funds` `£` `(623,622)` `(623,622)`

`10. RELATED PARTY DISCLOSURES`

OneoftheCharity'strusteesisalsothechiefexecutiveofOMBooksFoundation,an organisation
whichbenefittedfromgrantsandothersupporttotalling£323,371(2023:£1,209,952)during the
year paid from the charity.

OneoftheCharity'strusteesisalsoapartnerofaWaycrossVenturesLLP,alimited liability
partnershipbasedinIndiawhichprovidedconsultancyservicesduringtheyearworth £22,991
(2023: £nil)

Page 11

GOOD SHEPHERD FOUNDATION UK

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Donations` `Gift aid` `Total incoming resources` `EXPENDITURE` `Raising donations and legacies` `Consultancy` `Conference costs` `Charitable activities` `Grants to institutions` `Support costs` `Management` `Wages` `Management fees` `Finance` `Rates and water` `Insurance` `Light and heat` `Telephone` `Website costs` `Sundries` `Bank charges` `Travelling` `Foreign exchange (gain)/loss` `Repairs & maintenance` `Postage and stationery` `Computer costs` `Freehold property` `Improvements to property` `Governance costs` `Accountancy and legal fees` `Total resources expended` `Net expenditure`	`2024` `£` `350,924` `-` `350,924` `350,924` `8,333` `-` `8,333` `320,344` `6,190` `30,019` `36,209` `2,509` `571` `1,157` `5,479` `10,800` `1,389` `1,232` `17,384` `1,300` `1,861` `54` `1,264` `5,460` `4,636` `55,096` `3,396` `423,378` `(72,454)`	`2023` `£` `740,295` `627` `740,922` `740,922` `11,788` `5,354` `17,142` `1,209,952` `-` `-` `-` `2,126` `495` `298` `4,082` `11,175` `1,208` `1,667` `10,298` `16,185` `2,510` `85` `-` `5,460` `4,636` `60,225` `4,771` `1,292,090` `(551,168)`

This page does not form part of the statutory financial statements

Page 12