``` REGISTERED CHARITY NUMBER: 1176015 ``` ``` Report of the Trustees and ``` ``` Unaudited Financial Statements for the Year Ended 31 December 2021 ``` ``` for ``` ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ``` Haines Watts Chartered Accountants ``` ``` 23 Algitha Road Skegness United Kingdom PE25 2AG ``` ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ``` Contents of the Financial Statements for the year ended 31 December 2021 ``` |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**||`1`|| |**`Independent Examiner's Report`**||`2`|| |**`Statement of Financial Activities`**||`3`|| |**`Statement of Financial Position`**||`4`|| |**`Notes to the Financial Statements`**|`5`|`to`|`9`| |**`Detailed Statement of Financial Activities`**||`10`|| ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ## **`Report of the Trustees for the year ended 31 December 2021`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2021.The trustees have adopted the provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities preparing their accountsin accordancewith the FinancialReportingStandard applicablein the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`Structure, governance and management Governing document`** ``` The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ``` ## **`Reference and administrative details Registered Charity number`** ``` 1176015 ``` ## **`Principal address`** ``` C/o Willsons 16 Algitha Road Skegness Lincolnshire PE25 2AG ``` ## **`Trustees`** ``` Mr J Boulton Mr S Adams Mrs R Adams Mr S C Thorold (appointed 19/2/2021) ``` ## **`Independent Examiner`** ``` Haines Watts Chartered Accountants 23 Algitha Road Skegness United Kingdom PE25 2AG ``` ``` Approved by order of the board of trustees on 30 May 2023 and signed on its behalf by: ``` ``` Mr J Boulton - Trustee ``` ``` Page 1 ``` ``` Independent Examiner's Report to the Trustees of ``` ``` The Guttridge Family Foundation ``` ## **`Independent examiner's report to the trustees of The Guttridge Family Foundation`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheGuttridgeFamilyFoundation(theTrust)forthe year ended 31 December 2021. ``` ## **`Responsibilities and basis of report`** ``` As the charitytrusteesof the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirements of the Charities Act 2011 ('the Act'). ``` ``` IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ``` ## **`Independent examiner's statement`** ``` Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.IcanconfirmthatI am qualifiedto undertakethe examinationbecause I am a member of the Associationof CharteredCertifiedAccountants,which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the examination giving me cause to believe that in any material respect: ``` `1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.` ``` I have no concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Simon Thorold ``` ``` Haines Watts Chartered Accountants 23 Algitha Road Skegness United Kingdom PE25 2AG ``` ``` 30 May 2023 ``` ``` Page 2 ``` ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ## **`Statement of Financial Activities for the year ended 31 December 2021`** |**`2021`**
**`Unrestricted`**
**`fund`**
**`Notes`**
**`£`**
**`Income and endowments from`**
`Donations and legacies`
**`240,709`**
`Investment income`
`2`
**`115,798`**
**`Total`**
**`356,507`**
**`Expenditure on`**
`Raising funds`
`3`
**`7,263`**
**`Charitable activities`**
`Rent expenses`
**`-`**
`Other`
**`5,953`**
**`Total`**
**`13,216`**
`Net gains on investments`
**`354,457`**
**`NET INCOME`**
**`697,748`**
**`Reconciliation of funds`**
`Total funds brought forward`
**`3,696,640`**
**`Total funds carried forward`**
**`4,394,388`**|**`2020`**
**`Total funds`**
**`£`**
`-`
`61,794`| |---|---| ||`61,794`| ||`12,139`
`1,140`
`-`| ||`13,279`| ||`-`| ||`48,515`
`3,648,125`| ||`3,696,640`| ``` The notes form part of these financial statements ``` ``` Page 3 ``` ## **`THE GUTTRIDGE FAMILY FOUNDATION`** ## **`Statement of Financial Position 31 December 2021`** |**`2021`**
**`Unrestricted`**
**`fund`**
**`Notes`**
**`£`**
**`Fixed assets`**
`Investment property`
`6`
**`2,657,920`**
**`Current assets`**
`Debtors`
`7`
**`-`**
`Investments`
`8`
**`1,051,795`**
`Cash at bank`
**`684,673`**
**`1,736,468`**
**`Creditors`**
`Amounts falling due within one year`
`9`
**`-`**
**`Net current assets`**
**`1,736,468`**
**`Total assets less current liabilities`**
**`4,394,388`**
**`NET ASSETS`**
**`4,394,388`**
**`Funds`**
`10`
`Unrestricted funds`
**`4,394,388`**
**`Total funds`**
**`4,394,388`**|**`2020`**
**`Total funds`**
**`£`**
`2,195,000`
`1,880`
`-`
`1,500,707`
`1,502,587`
`(947)`
`1,501,640`
`3,696,640`
`3,696,640`
`3,696,640`
`3,696,640`| |---|---| ``` The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 30 May 2023 and were signed on its behalf by: ``` ``` Mr J Boulton - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 4 ``` ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ## **`Notes to the Financial Statements for the year ended 31 December 2021`** ## **`1. Accounting policies`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharity,whichis a publicbenefitentityunderFRS102,havebeenpreparedin accordance with the CharitiesSORP(FRS 102) 'Accountingand Reportingby Charities:Statementof RecommendedPractice applicable to charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republic ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared under the historical cost convention, as modified by the revaluation of certain assets. ``` ## **`Income`** ``` All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings they have been allocated to activities on a basis consistent with the use of resources. ``` ## **`Investment property`** ``` Investmentproperty is shown at most recent valuation.Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ``` ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ## **`2.`** ## **`Investment income`** |`Rents received`
`Agricultural letting`
`Solar panel income`
`Apparatus income`
`Sundry income`|**`2021`**
**`£`**
**`58,547`**
**`11,500`**
**`45,327`**
**`424`**
**`-`**
**`115,798`**|**`2020`**
**`£`**
`33,444`
`23,800`
`-`
`1,880`
`2,670`| |---|---|---| |||`61,794`| ``` Page 5 ``` ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ## **`Notes to the Financial Statements - continued for the year ended 31 December 2021`** ## **`3. Raising funds`** |**`Investment management costs`**
`Portfolio management`
`Agricultural letting commission`
`Management charges`
`Insurance`
`Property repairs`|**`2021`**
**`£`**
**`3,542`**
**`1,030`**
**`-`**
**`743`**
**`1,948`**
**`7,263`**|**`2020`**
**`£`**
`4,013`
`1,522`
`600`
`852`
`5,152`| |---|---|---| |||`12,139`| ## **`4. Trustees' remuneration and benefits`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021norfortheyear ended 31 December 2020. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020. ``` ## **`5. Comparatives for the statement of financial activities`** |**`Comparatives for the statement of financial activities`**|| |---|---| ||**`Unrestricted`**| ||**`fund`**| ||**`£`**| |**`Income and endowments from`**|| |`Investment income`|`61,794`| |**`Expenditure on`**|| |`Raising funds`|`12,139`| |**`Charitable activities`**|| |`Rent expenses`|| ||`1,140`| |**`Total`**|`13,279`| |**`NET INCOME`**|`48,515`| |**`Reconciliation of funds`**|| |`Total funds brought forward`|`3,648,125`| |**`Total funds carried forward`**|`3,696,640`| ``` Page 6 ``` ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ## **`Notes to the Financial Statements - continued for the year ended 31 December 2021`** |**`6.`**
**`Investment property`**
**`Fair value`**
`At 1 January 2021`
`Additions`
`Revaluation`
`At 31 December 2021`
**`Net book value`**
`At 31 December 2021`
`At 31 December 2020`
`Fair value at 31 December 2021 is represented by:`
`Valuation in 2021`
`Cost`
**`7.`**
**`Debtors: amounts falling due within one year`**
`Trade debtors`
**`8.`**
**`Current asset investments`**
`Unlisted investments`
**`9.`**
**`Creditors: amounts falling due within one year`**
`Trade creditors`
**`10.`**
**`Movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`At 1/1/21`**
**`£`**
**`3,696,640`**
**`3,696,640`**||**`2021`**
**`£`**
**`-`**
**`2021`**
**`£`**
**`1,051,795`**
**`2021`**
**`£`**
**`-`**
**`Net`**
**`movement`**
**`in funds`**
**`£`**
**`697,748`**
**`697,748`**||**`£`**
**`2,195,000`**
**`160,258`**
**`302,662`**|**`£`**
**`2,195,000`**
**`160,258`**
**`302,662`**| |---|---|---|---|---|---|---| ||||||**`2,657,920`**|| ||||||**`2,657,920`**|| ||||||`2,195,000`|| ||||||**`£`**
**`302,662`**
**`2,355,258`**|| ||||||**`2,657,920`**|| |||||||**`2020`**
**`£`**
`1,880`| |||||||**`2020`**
**`£`**
`-`| ||||||**`2020`**
**`£`**
`947`
**`At`**
**`31/12/21`**
**`£`**
**`4,394,388`**|**`2020`**
**`£`**
`947`| ||||||**`4,394,388`**|| ``` Page 7 ``` ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ## **`Notes to the Financial Statements - continued for the year ended 31 December 2021`** ## **`10. Movement in funds - continued`** ``` Net movement in funds, included in the above are as follows: ``` |**`Incoming`**
**`Resources`**
**`resources`**
**`expended`**
**`£`**
**`£`**
**`Unrestricted funds`**
`General fund`
**`356,507`**
**`(13,216)`**
**`TOTAL FUNDS`**
**`356,507`**
**`(13,216)`**
**`Comparatives for movement in funds`**
**`At 1/1/20`**
**`£`**
**`Unrestricted funds`**
`General fund`
`3,648,125`
**`TOTAL FUNDS`**
`3,648,125`
`Comparative net movement in funds, included in the above are as follows:`
**`Incoming`**
**`resources`**
**`£`**
**`Unrestricted funds`**
`General fund`
`61,794`
**`TOTAL FUNDS`**
`61,794`
`A current year 12 months and prior year 12 months combined position is as follows:`
**`At 1/1/20`**
**`£`**
**`Unrestricted funds`**
`General fund`
`3,648,125`
**`TOTAL FUNDS`**
`3,648,125`|**`Gains and`**
**`losses`**
**`£`**
**`354,457`**
**`354,457`**
**`Net`**
**`movement`**
**`in funds`**
**`£`**
`48,515`
`48,515`
**`Resources`**
**`expended`**
**`£`**
`(13,279)`
`(13,279)`
**`Net`**
**`movement`**
**`in funds`**
**`£`**
`746,263`
`746,263`|**`Movement`**
**`in funds`**
**`£`**
**`697,748`**
**`697,748`**
**`At`**
**`31/12/20`**
**`£`**
`3,696,640`| |---|---|---| |||`3,696,640`| |||**`Movement`**
**`in funds`**
**`£`**
`48,515`
`48,515`
**`At`**
**`31/12/21`**
**`£`**
`4,394,388`| |||`4,394,388`| ``` Page 8 ``` ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ## **`Notes to the Financial Statements - continued`** ## **`for the year ended 31 December 2021`** ## **`10. Movement in funds - continued`** ``` A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ``` ||**`Incoming`**|**`Resources`**|**`Gains and`**|**`Movement`**| |---|---|---|---|---| ||**`resources`**|**`expended`**|**`losses`**|**`in funds`**| ||**`£`**|**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**||||| |`General fund`|`418,301`|`(26,495)`|`354,457`|`746,263`| |**`TOTAL FUNDS`**|`418,301`|`(26,495)`|`354,457`|`746,263`| ## **`11. Related party disclosures`** ``` During the year, Rachel Adams, a trustee, paid expenses on behalf of the Trust totalling £NIL (2020 - £852.) ``` ``` At the year end the Trust owed Rachel Adams £NIL (2020 - £852). ``` ``` Page 9 ``` ``` THE GUTTRIDGE FAMILY FOUNDATION ``` ## **`Detailed Statement of Financial Activities for the year ended 31 December 2021`** |**`Income and endowments`**
**`Donations and legacies`**
`Legacies`
**`Investment income`**
`Rents received`
`Agricultural letting`
`Solar panel income`
`Apparatus income`
`Sundry income`
**`Total incoming resources`**
**`Expenditure`**
**`Investment management costs`**
`Portfolio management`
`Agricultural letting commission`
`Management charges`
`Insurance`
`Property repairs`
**`Support costs`**
**`Finance`**
`Bank charges`
**`Governance costs`**
`Professional fees`
`Total resources expended`
**`Net income before gains and losses`**
**`Realised recognised gains and losses`**
`Realised gains/(losses) on fixed asset investments`
**`Net income`**|**`2021`**
**`£`**
**`240,709`**
**`58,547`**
**`11,500`**
**`45,327`**
**`424`**
**`-`**
**`115,798`**
**`356,507`**
**`3,542`**
**`1,030`**
**`-`**
**`743`**
**`1,948`**
**`7,263`**
**`83`**
**`5,870`**
**`13,216`**
**`343,291`**
**`354,457`**
**`697,748`**|**`2020`**
**`£`**
`-`
`33,444`
`23,800`
`-`
`1,880`
`2,670`| |---|---|---| |||`61,794`| |||`61,794`
`4,013`
`1,522`
`600`
`852`
`5,152`| |||`12,139`
`6`
`1,134`| |||`13,279`| |||`48,515`
`-`| |||`48,515`| ``` This page does not form part of the statutory financial statements ``` ``` Page 10 ```