2021-03-31-accounts - The Bailey Gateway Trust

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THE BAILEY GATEWAY TRUST

TRUSTEES’ REPORT AND ACCOUNTS

31 MARCH 2021

REGISTERED WITH THE CHARITY COMMISSION

1170337

Andrew Horton Limited Chartered Accountants

THE BAILEY GATEWAY TRUST

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

INDEX TO THE ACCOUNTS

Legal and Administrative Information Report of the Trustees Report of the Independent Examiner Receipts and Payments Account Statement of Assets and Liabilities	Page
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THE BAILEY GATEWAY TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Registered Charity Number: 1170337 Chairman: Diana Patricia Bailey Trustees: Diana Patricia Bailey Charles William Selborne Bailey Sarah Spreckley Registered Office: 59 Gorst Road London SW11 6JB Independent Examiner: Andrew Horton MA FCA Andrew Horton Limited 4 Silk Mill Court Silk Mill Lane Winchcombe Cheltenham GL54 5HZ

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THE BAILEY GATEWAY TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their report for the year ended 31 March 2021 under the Charities Act 2011, together with the accounts for the year, and confirm that the latter comply with the requirements of the Act and the Trust Deed.

STRUCTURE, GOVERNANCE & MANAGEMENT

Details of the charity’s registration and the Trustees who served throughout the year are set out on page 1.

Governing Document

The charity is governed by its Trust Deed, dated 25 October 2016.

Constitution

T he legal form of the charity is a trust.

Trustees

A new Trustee is appointed by a resolution of the Trustees passed at a special meeting as called in accordance with the Trust Deed.

OBJECTIVES & CORE ACTIVITIES

Charitable Objectives

The charity’s principal objects are to further such other purposes which may be charitable according to the law of England and Wales as the Trustees see fit from time to time.

Public Benefit

The charity’s purposes are to relieve suffering and promote spiritual well-being including human rights and racial harmony, equality and diversity.

The Trustees have referred to the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives of the charity.

Achievements

During the year, the charity has supported organisations working for the relief of child poverty and exploitation in the Middle East and Asia, and those fostering a religious life and reconciliation.

FINANCIAL REVIEW

Reserves Policy

It is the policy of the Trustees to maintain unrestricted funds, which are the free reserves of the charity, at a level, which equates to twelve months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to any significant reduction in funds from donors. Unrestricted funds (including designated funds - which are by definition also unrestricted) were at this level at the end of the year.

The trustees declare that they have approved the Trustees’ Report above.

Signed on behalf of the trustees:

Diana Bailey

18 January 2022

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE BAILEY GATEWAY TRUST

I report on the accounts of The Bailey Gateway Trust for the year ended 31 March 2021 which are set out on the following pages.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 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 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in accordance with section 130 of the Act; or
the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Andrew Horton MA FCA

Andrew Horton Limited 4 Silk Mill Court Silk Mill Lane Winchcombe Cheltenham GL54 5HZ

18 January 2022 ………………………………………………… Date

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THE BAILEY GATEWAY TRUST

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Restricted Funds £ - - - _ - - _ - _ - - - _ - - _ - _ - _ - - - _	Endowment Funds £ - - - _ - - _ - _ - - - _ - - _ - _ - _ - - - _	Period ended 31 March 2020 Total Funds £ 13.545 11,865 2,537 _ 27,947 - _ 27,947 _ 8,875 - - _ 8,875 32,543 _ 41,418 _ (13,471) _ - 20,831 *£ 7,360* _
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_	_	_
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THE BAILEY GATEWAY TRUST

STATEMENT OF ASSETS AND LIABILITIES

AS AT 31 MARCH 2021

Cash funds Weatherbys Bank Ruffer LLP Total cash funds Investment Assets At cost Total investment assets	Unrestricted Funds £ 3,444 - _ £ 3,444 _ 284,414 _ £ 284,414 _	Restricted Funds £ - - _ - _ - _ - _	2021 2020 Endowment Total Total Funds Funds Funds £ £ £ - 3,444 7,360 - - - _ _ _ - £ 3,444 *£ 7,360* _ _ _ - 284,414 173,380 _ _ _ - £ 284,414 *£ 173,380* _ _ _	2020 Total Funds £ 7,360 - _ *£ 7,360* _
		_ _	_ _
		_ _	_ _

Investment assets at 31 March 2021 were 121,108.697 units in the L F Ruffer Absolute Return C Fund with a market value of £316,105.81 (31 March 2020: 78,178.983 units valued at £167,733).

Approved by the Trustees and signed on their behalf by:

Diana Bailey

18 January 2022

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