LADY GOULD'S CHARITY CHARITY NUMBER 1173760 TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 LADY GOULD'S CHARITY (the Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEM8ER 2023 Charity number 1173760 Operattonal addre$8 BDB Prtrnans LLP One Bartholomew Close Lolldon EC1A 7BL Trustees The Rev Kunle Ayodeji Sitnon Edwards Patrice Ware-white (died 28 Fetruary 20231 Leigh Perl lappoinied 20 April 20231 Jennifer Russell Irelired 30 April 20231 D(KniniG Gr8y (appointed 12 October 20231 Key managèmant Ja￿ Hill (Grants Officer) Penny Chapman (Clerkl 8anker¥ CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Solicitor5 BDB Pitfflans LLP One Bartholomew Close LorKlon EC1A78L LADY GOULD'S CHARITY (the Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees are pleased to prèsent their report as a charitatile incorporated organisation ICIOI together with accounts lor the year ended 31 December 2023 The aco)unts comply with the Charity's Consbtution, the Charities Act 2011 and Accounting and Reportirvj by Charities. Stslement ol Rectsmrnended Pr3clice ISORPI applicable to charities preparing th￿[ accounts in accordan￿ wth the Financial Reporting Standard applicable in the UK and Republic of Irèland IFRS 1021 (effective 1 January 20151. STRUCTURE. GOVERNANCE ANO MANAGEMENT Lady Gould'5 Charity was originally established by deed In 1691. It was subsequently registered wilh the Chanty Commission wth registration number 234978. The organisation was Inctworated as a Charitable Incorporated OrganisatK)n on 11 July 2017 and the charitable trust was subsequently W￿n￿ up, following the transfer of assets and liabilitie5 frorn the charitable trust to the Charity on 1 January 2018 The Charrty's goveming document Is rts Constitution (Foundatson Modell. The Charity Is registered wrth the Charity Commission for England and Wales underthe Chaiity Number 11737eo. The names of all thosewho were the Charity's Trustees on the date the report was approved are listed on page 1 RISK MANAGEMENT The Trustees have a duty to identsfy and review the risks to whith the Charity is exrosed and to ensure appropriate controls are In pla￿ to provide ￿aSOnable assurance against fraud and error. The Trustees will continue to develop appropriate methodolooies to manage majoi n5ks as Ihe operations of the Charity are developed OBJECTIVES AND ACTIVITIES The Objects ol the Char1ty as stated In Its Constitution ale". 'the prevènlion orrelpfofpovertyby providing linancial assistan￿ for the beneht ol those in need and who ￿￿ ￿￿dent in the London Boroughs of Barnet. Carnden. Trlanngey or Islington who the Truslees con&der f611 within Ihe intention of th8 settlor as expressed in the 1691 deed of s6111èrnènt Ehal benelici8ries should be. poor inh&bilanls of th8 town vill of Highgale. whether lying in th6 Pèrish ofHornsey (>r th9 Parish of St Pancras The Charity has In place policy guidelines that oumine factois the Trustees musl consider when determining whether to make a grant. The Charity generally makes giants of up lo £600 per application. However. in exceptional circum51anTrs the Trustees have given approval 10 higher arnounts 10 individuals These grants typically cover household items such as baby essentials. furniture. carpet5. LADY GOULD'S CHARITY (the Charity) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 washing machines. cookers or dothing. Thè Trusteès also make giants to comtnunity organisations within the geographical ￿mrt ol the Chanty whith support local residents In need where the Iru51ees consider that a single grant will allow the charity to maximise Its reach to a greater nurnbei of beneficiaries The Trustees confirm that have referred to the Charity Commission's general guidan￿ on public benefit when ievEwing the Chaiily's aims arKI objective5 and in planning future activities and setting the grant-fflaking policy for the year Thè Ttustees are sab"sfied Ihat ths pioc8sses and activib.es of the Charity satisfy the put￿1¢ benefit test set out in s 4 Charthes Act 2011. ACHIEVEMENTS AND PERFORMANCE Dunng the period grants totalling £63.776 weie fflad812022- £51.2381 The Charity plans lo continue contributsng lo the live5 of tll8ny dis8dvantsged people lan organisaiions. where agreèd). In and around Highgaie Villag6 FINANCIAL REVIEW The Ch3rity received an income of £50,07512022 £54,975) frorn its three freehold properties and reirnbursement from tenants In relation to buildings, Insurance premiurns In the surn of£7,776 3112022. £12.2761 The Charity also received an Incoffle of £17.08712022 £17.0251 In the fortn of unit trust dividends and bank interest. The Charity expended funds 01 £129,931 12022 - £90,890) piimanly on grant5, legal, administration and governallce costs Funds carried forward at the year*nd were £281.68612022- 2336.0471 RESERVES POLICY The Charity aims to Maintain free reserves at 8 level lfvat equates to bebveen three and six months of tot81 resour￿$ expended la range of approximately £20.0Th) to £40,Th)01 This will provide sufficient funds to cover ongoing governance and support cosls and to meet grant payments that have already been committed lo. as well as lo respond to grant requests GOING CONCERN The Trustees are satisf￿d there will be no long-temi impact on the going concern ol the charity PLANS FOR THE FUTURE The Charity will continue to provide grants in 2024 LADY GOULD'S CHARITY lthe Charity TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEM8ER 2023 TRUSTEES, RESPONSIBILITIES IN RELA TION TO THE FINANCIAL STATEMENTS The Trustees are resrK)n51blè ft)r preparing the Tiuslees, Annual Report and accounts In accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PractiTrl In prepanng the accounts, the Trustees are required to Select suitable accounting policies and thèn apply them consistentty. Obserye the methods prinaples In the Charities SORP 2015 IFRS1021', Make judgments and estimates that are reastsnable and prudenl". Stat8 whether applicable accounting standards have been followed, sutyèct to any material departures disclosed and explained In the accounts. Prepare the accounts on a going concern basis unless it is inappropriate to presume that t charitable company will continue In operation The Trustees are responsible loi keeping adequate accounting records that disdose wth reaSona￿e accuracy at any t1me the financial posib.on of the Charity and enable them to ensure that the accounts comply wrth the Charit￿$ Act 2011 They are also responsible for safeguaiding the assets ofthe charity and hen￿ for taking reasonafjle steps for the prevents.on and detection offiaud and other Irregularities. The report was approved by the Trustees on , I "¥ alld signed on ils behalf tiy.. Si F.rjLknA￿.j Trustee LADY GOULD'S CHARITY REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES IN RESPECT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of Financial Activities. Balance Sheet and the related notes. I report to the trustees on my examination of the accounts of Lady Gould's Charity for the year ended 31 December 2023. which are set out on pages 6 to 8. Responslbllltles and basis of report As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Acl'l. I report in respect of my examinab.on of the Trusfs attounts 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) (bl of the Act. Independent examlnevs statement I have completed my examination I confirm that no material matters have come to my attenbon in connection with the examination giving me cause to believe that in any material respect". accounting record5 were not kept in respect of the Trust as required by section 130 of the Act.. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lfue and fair. view which is not a matter considered as part of an independent exaFninats"on. I have no concerns and have come across other matters in connection WEth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Kathryn Pickering Chartered Accountant 18 Lannesbury Crescent Sl Neols PE196AF Dale.. l o Oc¥.&rt loz+ LADY GOULD'S CHARITY RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Total Funds 31 December 2022 Unrestricted Funds Endowrnent Funds Total Funds Rec8iPtS Rental Income Reimbuisernent fyorn len8nls of Buildings, Insurance remiums Bank Interest Unil trust dividerKSs Grants repaid $0,075 00 50,075.00 54,975 00 7,776.31 3256 17,086 50 600 00 7.776.31 32.S6 17.086.50 600.00 12,275.97 26.05 17,025 81 Totsl roc•lpts 75 570.37 75 570.37 84.302 83 Payment¥ Grants paid al and administratsve fees Grant Officerfs fee for ar Website costs Consultanc 8ank char Examinerfs lee and tr8velling expenses for exsrninin accounts Propety advisers. fee lor the surrender and r3nl of a new lease for 21 Hi h Street Energy Performance Certificate fee lor 21 h Street Rockland Safe Servi￿$ - fire desi n note CSI Surveys building survey fee for 178 Huh Street Douglas Aichitecls fee fof advice and reports for lanni Iication for 17a H1 h Street London Borough of Camden pr&pl8nning advice fe8 Insuran￿ Premiums 17 and 21 HHS 63.776.25 30,276 92 7,032 38 12240 35 (YJ 55.(NJ 63,776.26 30.276.92 7,032.38 122.40 3S.00 ss.th) 51,238.63 25,974 00 5,599 99 40.98 35.00 81.00 ieement f e5 500. 500.00 527 60 8.004.CX) 8,004.00 417.60 1,8(￿[ 417.60 1.800.00 3,168.(NJ 3.168.1)0 5,1591J) 1.421 8.163 23 1,421.56 8,163.23 7,393 ( Totsl payments 129 931.34 129 931.34 890 26 Net recelptsllpaymentsl 54 360.97 54 360.97 658743 Transfers between funds 14 307.27 14,307.27 Net ￿telp1s1{paYrntntS1 after transfers between funds 40 053.70 14 307.27 54 360.97 6,587 43 Funds last year end 40,053.70 295.994.03 336.047.73 342,635. 16 Funds thls year end 1,686.76 281,686.76 336.047 73 LADY GOULD'S CHARITY STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 Unr&stri¢te