Registered No. 1169784
GC FOUNDATION
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

GC FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charlty Information
Report of the Trustees
Report of the Independerht Examiner
Statement of financia5 activities
Balano sheet
Note5 to the flnancial statements

GC FOUNDATION
CHARITY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES:
Julia Thomas
James Thomas
Joshua Thoma5
REGISTERED OFFICE:
Lea Farm
Gate Street
Bramlev
Surrey GU5 OLR
REGISTERED CHARITY NUMBER..
1169784
INDEPENDENT EXAMINER:
M. Cridland 8AIHonsl FCA
Scott Vevers Ltd
Chartered Accountants
65 East street
BTtdport
Dorset
DT6 3LB
BANKERS..
CAF Bank
Pa8t I

GC FOUNDATION
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustses present their report together with the financial statements of the Charity for
the year ended 31 March 2024.
The accounts have been prepared in accordance with the accountlng policies set out in the
notesto the accounts and comply with the Charlty'5 governlng document, applicable law and
the requirements of Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in ?ccordsnce with the Financial
Reporting 5tsndard applicèble in the UK and Republic of IrelaTrd IFRS 1021.
OBJEcfivES AND AcfiviTIES
ObSett5
The objectives of the Charity are the relief of those In need by reason of age, 111 health,
disability, financial hardship or other dlsadvantage in such part5 of the world as the Trustees
may from time to tlme think fit Including but not by way of lirnitstion through the provision
of support, fijndsi goods or services to charities or other organisations workin8 to help those
in nèed.
Alm5, Objectives, Strategies and Artivities torthe Year
The policy of the Charity is to fulfil its objects by making grants to organisations who provide
relief in accord3nce with the objectives of the charity.
In pl3nning activities for thè year, the Trustees kept in mind the Charity Commission'5
8uidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable Attivities
The Trustees rnade grants to Gentle¢are, a Not for Profit Organisation based ift South Africa,
whith provides care to very needy people, the vast majority of whom are close to the end of
their lives, as well an outreach programFne to those in the community. Gentlecargs main
actiwty is to care for approximately 30 residents at any one time in its residential care facility.
Gentlecare liaises c105ely with the health authorities in sO￿h Africa. It provided good careto
t5 residents and patient5. including returning an increased number back into the community.
It overtame many challenges in part by becoming Increasingly self-reliant In terms of
electricity supply, through solar pane15 and lithium batter(es which were installed during the
year.
FINANaALREVIEW
Frnancial positton
Total receipts for the year amounted to £55,27712023 - £45,278) and net outgoSng reSoUr￿S
were £15,148 Inet incoming resources 2023 £9,526). Grants ot £69,66012023 £35,000)
were made during the year to Gentlecare. Unrestricted reserves at 31 March 2024 were
£11,10712023 - £26,255).
Reserves Policy
The Trustees have revlÈwed their policy, taking into account recommerÈdations bythe Charity
Commission, 50 as to establish an acceptable lèvel of reserves which is the cornerstone of the
prudent financial management of the Charity. The charity has a pollcy of seeking to have
reserves equal tg three months of annual spending and grants. At 31 March 2024 free
reserves amounted to £11,107.
PagÈ2

GC FOUNDATION
REPORT OF THE TRusfEE5
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
6overnln8 Dotument
The Charity was registered as a Charitable Incorporèted Organisation ICIOI on 19 October
2016 and commenced operations immediatelv.
Trustee5
Trustees are elected and removed by the Board of Trustees. There is no maximum number of
Trustees. The minimum number shall be three.
The Trustees who Served dLFrlng the year are listed Dn Page l.
The power to appoint new trustees is vested in the existing trustees. Future trustees w511 be
selerted to ensure the board maintalns a suitable mix of skills and experience to continue its
work and will be given an appropriate induction into the charity. Trustee5 attend training
courses where it Is considered necessary.
Organisational Strurture
The charity is managed and operated bythe board of Trustees who meet at least threetimes
per year.
Major Risks
The Trustees have carried out an 3ssessment of the major risks to which the Charity is
exposed. Procedures and systems are In place to mitigate these risks.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees are required under Charrty law to prepare finandal statements for each
financial year whlch give a true and fair view of the state of affairs of the Charity anrj of the
financlal artivities of the Charlty for that period. In preparing those financial statements,
the Trustee5 are required to=
select suitable accounting policles and then applythem conslstenuy;
makejydgements and estimates that are reasonable 2nd pruderit,-
state whether applicable accounting 5t3nd3rds have been followed, subject to any
material departures disclosed and explalned In the finanoal 5tatements,' and
prepare the financial statements on the 80in8 concern basis unless it 15 inappropriate to
presume that the company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial p051tion of the Charity and to enable them to
ensure that the financial statements comply with applicable laws and regulations. They are
zlso responsible tor ensuring that the Charity maintains an adequate 5VStem of intern31
control designed to provlde reasonable a55urance that 3ssets are safeguarded a8ainst105S
or unauthorised use and to prevent and detectfraud and other irreEularities.
ON BEHALF OF TEIE BOAAD..
Julia Thomas- Chair of Trustees
Date..
Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE GC FOUNDATION
FOR THE YEAR ENDEI) 31 MARCH 2024
I report to the trustees on my examination of the accounts of the GC Foundation for the year
ended 31 March 2024, which are set out on pages 5 to 6.
Respect5ve responsibllities of trustees and examiner
As the charitytrustees you are responsible forthe preparatlon of the account5 in accordan￿ with
the requirements of the CharitSes Art 20111'the Act'l. I report in respect of my examination of
the Charlty's accounts carried out under sertion 145 of the 2011 Act and in carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the Art.
lfidependent examinerfs statemeNt
I have completed my examination. I confim that no matters have come to my attention in
connertion with the examination giving me cause to believe that in any material respert..
Accounting records were not kept in respect of the Trust as required by section 130 of the
Art,. or
The accounts do not 3ccord with those records,- or
The aecounts do not comply with the applicable requirements coneeming the form and
content of accounts set out in the Charlties (Acwunts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fair view which 15 not 3 matter
considered as part of an independent examinatFOn.
I have no concerns and have come across no other fftatters in connection with the examinat6on
to which attention should be drawn in this report in order to enable a proper understanding of
the accounts to be reached.
Nq. Cridland BAIHonsl FCA
Scott Vevers Ltd
Chartered Accountant5 & Registered Auditor5
65 East Street
8ridport
Dorset DT6 3L8
D*e:
c>l}oql4-
Pa8e4

GC FOUNDATION
STATEMENT OF FINANCIAL AcllviTIES FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted funds
2024
2023
Income from:
Donations from Indlvlduals and Institutions
55,240
45,240
Investments- bank interest
37
38
Total income
55,277
45.278
Expenditure on:
Charitable artivities
Grants paid to Gentlecare
Bank charges
Governance costs
Independent Examrner'5 fees
69,660
135
35,000
122
630
630
Total expenditure
70,425
35,752
Net income / (expenditure)
Total funds at l April 2023
Total funds at 31 March 2024
115,1481
9,526
26,255
11,107
16,729
26,255
All amounts derlve from continving activitie5.
All gain5 3nd losse5 recognised in the period are included in the statement of financial 3rtivities.
BALANCE SHE￿ AS AT 31 MARCH 2024
2024
2023
Current asset5
Cash at bank
11,737
26,885
Less ueditors.. amounts falllng due within one year
Accruals
16301
16301
Net assets
11,107
26,255
Approved by the Trustees on ....................
lia Thorn3s
Chair of Trustees
Page5

GC FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Genersl Information
The charity is a charitable incorporated organlsation, Incorporated in England and Wales under the
Charities Act 2011. The address of the registered office is provided In Reference and administrative
details. Détsils of the charity's Ope￿tIOnS are provided in the Report of the Trustees.
A¢counting policies
The principal accounting policies adopted. judgements and key sources of estimation uncertainty In the
preparation of the financial statements are as follows..
2.1 Basis of preparatlon
The charity constitute5 a public benefit entity as defined by FR5 102. The financial statements are
prepared under the hlstorical cost convention and in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practlce applicable to charitie5 preparing their ac£ounts In
accordance with Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021
Icharities SORP IFRS 10211 and the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021. The accounts include the results ol the charity's operations which are described in
the Trustees, Report, all of which are contlnuing.
2.2 Accountlng convention
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of fund5 held and the expected
level of Income and expend￿Ure for 12 months from 8￿horI51ng these financial statements. The
budgeted Tncome and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going concern.
2.3 Income
Donations and grant income are accounted for on a receipts b3S15. All other income 15 accounted for
on an accruals b3SIS.
2.4 Expenditure
ExpenditUTe is included when incurred. The sole charitable actlvity ts grant making and all costs
Incurred relate to thls activity.
ExpenditurÈ on Charltable Actlvitles
Grants of £69,660 were made to Gentlecare in the year. Gentlecare is a not-for-profit organisation
gistered In South Africa as described in the Trustee5' Report.
Employee costs
There were no employees during the year.
No trustees received any remuneration or expenses durSng the year.
Pay6