## **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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1
2
3
4
5|
**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
Page 1
## **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
Page 2
## **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
Page 3
**THE BAILEY GATEWAY TRUST**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2021**
|**Receipts**
Donations
Gift Aid
Investment income
Asset and Investment
Sales
Total Receipts
**Payments**
Grants and donations
Professional fees
Bank charges
Asset and Investment
Purchases
Total Payments
Net receipts
Transfers between funds
Cash funds last year
**Cash funds this year end**|Unrestricted
Funds
£
25,000
136
1,405
_______
26,541
94,275
_______
120,816
**_______**
12,456
1,500
97
_______
14,053
110,679
_______
124,732
**_______**
(3,916)
**_______**
-
7,360
**£ 3,444**
**_______**|Restricted
Funds
£
-
-
-
_______
-
-
_______
-
**_______**
-
-
-
_______
-
-
_______
-
**_______**
-
**_______**
-
-
**-**
**_______**|Endowment
Funds
£
-
-
-
_______
-
-
_______
-
**_______**
-
-
-
_______
-
-
_______
-
**_______**
-
**_______**
-
-
**-**
**_______**|Year ended
31 March 2021
Total
Funds
£
25,000
136
1,405
_______
26,541
94,275
_______
120,816
**_______**
12,456
1,500
97
_______
14,053
110,679
_______
124,732
**_______**
(3,916)
**_______**
-
7,360
**£ 3,444**
**_______**|_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_**
**_______**|_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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Page 4
**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_**
**_______**|
|---|---|---|---|---|
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_
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_
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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
Page 5