Registered No. 1169784
GC FOUNDATION
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021

GC FOUNDATION
CONTENTS OF THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31- MARCH 2021
Charity Information
Report of the Trustees
Report of the Independent Examlner
Statement of financial activitles
Balance sheet
Notes to the financlal statements

GC FOUNDATION
CHARITY INFORMATION
FOR THE YEAR ENDED 31" MARCH 2021
TRUSTEES:
Julia Thomas
JamesThomas
Joshua Thomas
REGISTERED OFFICE:
Lea Farm
Gate Street
Bramlev
Surrey GUS OLR
REGISTERED QIARITY NUMBER:
1169784
INDEPENDEKf EXAMINER:
M. CrSdland BAIHonsl FCA
Scott Vevers Ltd
Chartered Accountsnts
65 East Street
Bridport
Dorset
DT63L8
BANKERS:
CAF Bank
Page I

GC FOUNDATION
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31" MARCH 2021
The Trustees present their report together with the financial sL*ements of the Charlty for the year
ended 31 March 2021.
The accounts have been prepared in accordance WFth the accounting policies set out in the notes to
the accounts and comply with the Charity's 8overning d0￿Ment, applicable law and the
requirements of Accounting and Reporting by Charitses: Statement of Recommended Practice
applicableto tharltles preparing their accounts in accordance with the Financial Reportin8 Standard
applicable In the UK and Republic of Ireland IFRS 1021.
08JEcfivES ANO AcfiviTIES
Objects
The objectlves of the Charlty are the relief of those In need by reason of age. ill health, dlsabillty,
financial hardship or other disadvantage in such parts of the world as the Trustees May from time
to time thlnkflt Indudin8 but not byway of Ilmttstlon through the provision of support. fLsnds, 8oods
or seNlces to tharltles or other or8anlsation5 worklng to help those In need.
Alms, Oblectfves, Strategles and Actfvltles for the Ye•r
The policy of the Charity is to fulfll its objects by making grants to organisations who provlde rellef
in accordance wlth the oblectlves of the charty-
In plannin8 actiwties for the year, the Trustees kept in mind the thaffty Commlsston'5 guidance on
publlc benefit.
ACHIEVEMENTS AND PERFORMANCE
Ch•rltable Actlvltles
The Trustees made grants to Gentlecare, a Not for Profit Or8anlsation based In South Africa, which
provides care to very needy people, the vart majorlty of whom are close to the end of their lives, as
well an outreach programme to those in the community. Gentlecare's main actlvity is to care for
approxlmately 30 re51dents at any one time in Its residentlal care fadllty. Gentlecare lialses closely
wlth the health authorities in South Africa. It provided good care to its resldents and patients, and
ovèrcame many ¢hallerv4es created by the Covid 19 pandemiG
FINANaAL REVIEW
Financlal positlon
Total recelpts for the year amounted to £45,02812020- £50.001) and net outgoing resources were
£9,29212020- £10.008 Incomin8 resource51. Grants of £53.60012020- £39,568) were made during
the year to Gentlecare. Unrestricted reserves at 31 Marth 2021 were £11,50912020- £20.8011.
Reserves Pollcy
The Trustees have reviewed their policy, tsklng into account recommendations by the Charity
Commission. so as to establish an atteptsble level of reserves which is the cornerstone of the
prudent flnanclal management of the Chartty. The chartty has a policy of seeking to have reserves
equal to three months of annual spending and grants. At 31 Marth 2021free reserves amounted to
£11,509.
Parfe 2

GC FOUNDATION
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31- MARCH 2021
STRucfuRE, GOVERNANCE AND MANAGEMENr
Governln8 Drfument
The Charlty was registered as a Charitable Incorporated Organisatlon iaoi on 19 October 2016 and
ommenced operations immediately.
Trustees
Trustees are elerted and removed by the Board of Trustee5. There is no maxlmum number of
Tnjstees. The minimum number shall be three.
The Trustees who seNed during the year are Ilsted on Page l.
The power to appoint new trustee5 is vested in the existing trustees. Futuretrustees wlll be selerted
to ensure the board maintains a suitable mix of skills and experlence to continue its work and wlll
be given an appropriate 5nductlon Into the charlty. Trustee5 attend tralnlng courses where It Is
considered necessary.
Organlsatlonal Structure
The charity is managed and operated by the board of Trustees who meet at least three tlmes per
year.
Major Rlsks
The Trustees have carrled out an assessment of the major rlsks to which the Charlty Is exposed.
Procedures and systems are in Pla￿ to mitigate these risks. Due to the nature of the charlty, the
¢ovid-19 pandemic has had no slgnlflcant effert on Its operation or finan￿S.
STATEMENT OF TRUSTEES, RESPONSIBILMES
The Trustees are required under Charlty law to prepareflnandal statement5 for each financlal year
whl¢h glve a true and fair view of the state of affairs of the Charity and of the flnancial activities of
the Charlty for that perlod. In preparlng those flnandal statements, the Trustees are requlred to..
select sultable accountln8 polides and then apply them consistently*
make judgements and estimates that are reasonable and pwdent,.
state whether applicable accounting standards have been followed, subject to anv
material departures dlsclosed and explalned In the flnancial ststements,. and
prepare the financial ststements on the going concern basis unle55 It Is inappropriate to
presume that the company wlll contlnue In buslness.
TheTrustees are responslblefor keeplng proper accountlng records whlth dlsdosewlth reasonable
accuracy at any time the finanaal position of the Charity and to enable them to ensure that the
flnanclal statements comply wlth appllcable laws and regulation5. They are also re5pon51ble for
ensuring that the Charlty maintains an adequate system of internal control designed to provide
reasonable assurance that assets are safeguarded against loss or unauthorised use and to prevent
and detert fraud and other irregularities.
ONBE
LF OF THE BOARD:
Julla Thomas- Chalr of Trustees
Date: i ?
zi
P￿3

INDEPEND￿ EXAMINEW5 REPORT TO THE TRusfEES OF
THE GC FOUNDATION
FOR THE YEAR ENDED 31" MARCH Z021
I report to the trustees on my examination of the accounts of the GC Foundation for the yÈar
ended 31 March 2021. which are set out on pages 5 to 6.
Respertl¥e re5ponslblllil¢s of trustees and e¥amlner
As the charity trustees you are responsibleforthe prepar*ion of the accounts in accordancewlth
the requirements of the Charities Act 20111.the ACV). I report in respect of my examinatlon of
the Charl￿S accounts carrled out under section 145 of the 2011 Act and in carrying out my
examination I have followed all the applicable Dlrertion5 given by the Charity Commission under
settion 14515llbl of the Act.
Independent examlnefs thtsment
I have completed my examinat50n. l Confirm that no matt•r5 have come to my attentlon In
connection with the examination givi￿ me cause to belie￿ that In any matsrial respect..
Accounting records were not kept in respert of the Trust as required by sertion 130 of the
Art; or
2. The accounts do not accord with those records: or
The accounts do not comply with the applicable requirements concernlng the form and
content of accounts set out in the Charitles IAccounts and Reportsl Regulations 2008 other
than any requirement that the accounts give a 'true and falr view whlch Is not a matter
consldered as part of on Independent examination.
I have no concerns and have come across no other matter5 In connectlon with the examinatlon
to which attentlon should be dr¥wn in this report In order to enable a proper understanding of
the ac¢ounts to be reached.
M. Cridland 8AIHonsl FC4
Scott Vever5 Ltd
Chartered Accountsnts & Registered Auditors
65 East Street
Bridport
Dorset DT6 3L8
Date.. 23 August 2021
Page 4

GC FCMJNDATION
STATEMENT OF FINANCIALAcfNITIES FOR THE YEAR ENDED 31ST MARCH 2021
Unrestrltted funds
2021
2020
Incomefrom:
Donation5 from individuals and in5tÈtLrtions
45.028
50,000
Investments - bank interest
Total Income
45,028
So,￿1
Expendlture on:
Charltable artlvltles
Grants pald to Gentlecare
Bank charges
overnance
53,600
144
39,568
125
osts
Independent Examlner's fees
576
300
Totsl expendlture
54,320
39,993
Net Income
{9,292}
10,Ci18
Total funds at I" Aprll 2020
Total fundsat 31" March 2021
20,801
11,509
10,793
20,801
All amounts derive from continuing artivities.
All gains and losses reco8nised in the period are Induded in the statement of flnandal actlvltles.
BALANCE SHEEf AS AT 31sr MARCH 2021
2021
2020
Current assets
Cash at bank
12,085
21,101
Less creditors: amounst fallln8 due wlthin one yeaf
Attruals
1576)
13001
Net assets
11,509
20,801
Approved by the Trustees on .-.....
la Thomas
Chair of Trustees
Pale 5

GC FOUNDATION
NOTES TO THE FINANaAL sfATEMEl¥fS FOR THE YEAR ENDED 31ST MARCH 2021
General inforniatlon
The Charity 15 a charitsble incorporated organisation. incorporated In England and Wales under the
Charlties A¢t 2011. The address of the registered office is provided In Reference and administrative
details. Details of the charitys operations are provided in the Report of the Trustees.
Atcountlng pollcles
The principal accounting policles adopted* judgements and key sources of estimation uncertainty in
the preparation of the financial statements are as follows:
2.1 Basls of preparatlon
The charity constitutes a publlc benefit entty as defined by FRS 102. The financlal ststements are
prepared under the historical cost convention and in accordance wsth Accountin8 and Reportlng by
Charltles: Statement of Recommended Prattice applicable to charities preparing thelr accounts in
accordance wlth Financial Reportlng Standard appllcable In the UK and Republic of Ireland IFR5 1021
(Charltles SORP IFRS 10211 and the Financial Reporting Standard appllcable in the UK and Republlc of
Ireland IFRS 1021. The accounts Include the result5 of the charlty'5 operations whlch are descrlbed In
the Trustees, Report, all of whlch are contlnuin8.
2.2 Income
Donatlons and grant Income are accounted for on a recelpts basls. All other income Is accounted for
on an accruals b351S.
2.3 Expendlture
Expenditure is Included when incurred. The sole charltable actlvity Is grant making and all costs
Incurred relate to this activity.
Expendlture on Charftable ArtI￿tIeS
Grants of £53,600 were made to Gentlec3re in the year. Gentleore is a not-for-profit organlsation
re8lStered in South Africa as described in the Trustees, ReFQrt.
Employee costs
There were no employees during the year.
No Trustees recelved any remuneration or expenses during the year.
Pap6