Reglstered number.. 11267055 Charlty number: 1181S44 THE G-A-Y FOUNDATION IA company limitgd by guaTanto91 UNAUDttED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
THE G.A.Y FOUNDATION IA wnpany limiled by 9uarant¢*l CONTEMTS Page Reference and admlnlstratlve detalls of the company. Its trustees and advlsers Tru51ees' r•port Tru$tee$' responsibilities slattrrnent Independent exarninerfs report Stat•m•nt ollfjnanelal a¢tlvRi•$ BalancÈ shoèt Note5 to the financial statement5 9-13
ThE GA.Y FOUNDATION IA company Ilmlted by guarantee) REFERENCE AND ADMINISTRATNE DETAILS OF THE COMPAMY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2023 Tru$t¢e$ J Joseph S M Tumer K M¢Shanfton L K81k)w {appointed 1 August 2023} Company registered number 11267055 Charity registered nwmber 1181544 R•gistarod offie• G-A.Y Bar 30 Okl Clp10n Slr881 Lon(kn W1D4UR Accountants A(11 Shine LLP ASIC House Comwall Av8nu8 Lon¢ N3 1LF Page 1
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2023 The TrLLStee8 pfesent their annual rew)rt together wth the fiwbanckHI staternents of the c<xnpany for the financial year ended 30 April 2023. The Annual rep1 5erwes the purpose5 of a Tru5tees' report and a diieciors, report under cornpany law. The Tru51ees confirm that the Annual report and 5tstetnents of tre charitai4e company co[nY with the current statutory requiietnents. the requ1ments of the ¢h8rilable Compan$ oovemino d(Ument )[ the Statement of Recommend1 Practice ISORPI applicable lo chaiities preparing their accounts in a¢Co[dan 1h Ihe Financial Rep£Ing Stsndard applicable in the UK and Republic of Iipla?d IFRS1021 leffecbve 1 January 20191- Since the Gornpany qualrfie5 a5 S11 undei 58cIN)n 382 of ConipaiiE5 Acl 21K6. lh8 StsalBgic report requiwed of niedium and 18rg8 companie5 under the CotnpanEs Act 2006 Istralegic Report and DiredL¥5' Rep(xtl Regulations 2D13 ha5 been Imnitted. Objectives and activities P(Aiciès and objèctives The G-A-Y Foundation ha5 been estsb1i%hj to offera lrfe changing optxylunity to Itrw)5e need it. Our areas of priority for funding over the nt Iwo lo Ihree years will be Ihe followng trtjt we wll keep thern under review annualty or rne often if needed'.- health sooal inclusion - pYC0t1on of equality and diversity and cowrwllunity deveWllenL A non-ExhaustivÈ list of Samp grants WB would incl1¢.._ - asting with costs of purthasing PP - assisting thos8 who need c(xJnselliry le.g. due to alco or dw dndencY or to improve mental heaxh and vAlbe1r) - assi51ing costs of fvndiry gpjts w$Snent N Iherapy - astIng those Suffering frotrn infertilrty to prLMde supp(rt guidan ot necessary funding towards costsof IVF (but not surTYJgxyl supporting peo& with disabiliti8s or who hav8 suffer1 an aYi(Jent to h81p impr(y18 th8ir qualty of lrfe 8.g. through funding equipment daity living aits. making adjustments to and [VlIn9 finanual supFw)rt in immediaie aftermath of an accident - a5811ng with rental cost5 for P8r made IvyDe18&8 ijue to fatnily rejecti. In setting objectiV8s and planning for activitie5, Iha Trustee5 have ge due u)n5Kleralion to general guid8wKe published by the Charity Cotnmission relating tts public benefi¢ ind9 the guKlarKe'PuLdK benefiL" running a thÈtity IPB21'. Page 2
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) Objèctives and activities Icontinuedl b. Stralggie5 lor ¥hieving objeclibys Our strategy 1$ lo furtraise on a castrby case l)asbS for a specffied totsl to me an indNKlual grant on the funds have been raised for one suc¢9$5ful grant appliration. Ive WAII rnove orlo the ryext fundraise. c. A¢tlvltSag undertaken to achlev• obleclfjves The charity commenced fundraising a¢tivthes in the wor year artl mYe ts firsl grants in wrth ils (jectiVes. d. Main activibes undertaken to further the ComnY.$ purpose5 for public benefft Our funds rnust be applied toward5 exdusivety thaitable PUTpose5 IuTMler the laws of England and Wales) ft)r tre putAic benefit as the Tru5tee5 rnèy from time to time deride. During the F>eriod ended 30 April 2023 Ihe charity inGrea5ed it5 fundraising afjtivities and generdled £217,205 in dOnatiS of wthi(h it expeth £128.113 on dvIlab purw)5es. Achievements and perfomian¢e a. Main a¢hi•v•m•nts of th• company Clon8tlon5 ha¥8 been recelv81J frorn fundr8i51ThJ activrtl8s. wch as partkxpation in th8 London M8ratMn. and frorn G-A-Y Group Limiied. inancial r8¥i8W a. Goin9 concem Afler rnaking appropriate enquirE5. the Trustee5 have a reasonab eXpetst Ihat the cotnpany has adequaie resources to rDnbnuE in operational existence for Ihe foreseeable futurÈ_ F(w this rèason. Ihey continue lo adopl the wng contem basis in preparing the financial statements. Further details règarding Ihe attoplion of the gciThJ con¢em basis can be fnd in the accounting Wics. Page 3
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) Structu. goveman¢e and management . Conslitution The G-A-Y FoundatW 15 r89stered as a charttable cotnpany lirntted by guarantee atKI wa5 Set up by ltr Memowandum and hlicl8s of Associab"on. b. Method$ ofappoinlment or eledion of Truslees The managernent of the compsny is the responsibilly of the Trustees who are eknted and (Xpted under th8 lerms of the Artl&S of Assoaation. The Truslee5 wl¥J served dumg the year aw¥J to date of this rep¥Nt ate as fLA)W5.. J Jthtsph S M Tumer K McSh8nnon L Kellw lappynted 1 August 20231 Approved by Ord of the mernbers olthe board ol Trustees and lh[ by.. J Joseph Trustee Date.. 26 January 2024 Page 4
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 30 APRIL 2023 The Trustees Iwho are aLso the directors of Ihe curpany l(x the PLrposes ol company lawl are reSPonbIe fLY preparing the Trustees, report and the financral 5taternenls n accLYtJance wth applicable L7w arvj Uned KInyjn Accounting StarvJard5 Iunited Kingdom Generally Accepled AccoutTkng Praclicel Cornpany law requires the Tnstèes to prepare finarrial statemenis for each financial . Under company law, the Trustees musl not approv8 th8 financial sta18m8nts un185S th8). are Satisf that they giv8 a tnJ8 and fair view of the slat8 ol affair5 of the company and of rts incoming resoLrces and application ot resourtss. induding its income aDd expenditure. lor that period. In Pfeparing these financial statements, the Trntslees are requId to.. selecl suitable accounting rKJh'cies and then apFAy th8m Consten'. obsErwE the [rEthS and prinoples ol the Charilips SORP IFRS 1021." Make lucJgThls and accounong estlmaies thai are Eawable and prden1'. state whether applicable UK Accounting Standards IFRS 1021 have been fdlowed. subj.ed to any material departu$ disck)sed 2nd tsxplained in Ihe financkql stalanenls", prepare the ancIal siaierrEnts on the ¢oncem basi5 urless li is inappr¢)priate to presume that the company will continue in business. The Trustees are respons1te for keepityJ adeque &u)unting re(X) Ihat are suffioent show and expLain Ihe company's transactions and disclos& wilh reasonablè accuw at any lime Ihe finantsal ptssroon of the company atTrd ÈnatAe them LO ensure that the financial Statements comply with Ihe Compan5 Act 2C06. They are aso iesponsible for safeguarding the assets of the company and hence for takivg reasona)le steps preventi atmj d8tedv)n of fraud arLI 0th8r 1rr8gularitS. Approved by order of the mernbers ofth8 b08rd of Trustees and sed its b8halfby.' J Joseph Dale.. 26 January 2024 Page 5
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) INOEPENDENT EXAMINER'S REPORT FOR THE YEAR EK)EO 30 APRIL 2023 Independent exarnSn8rf8 report to the Tte8S of The &A-Y FndatIon Ilhe Comp) I r8POrt to th8 charity Trust8e5 on my 8xamirHtion oflhe ac(xNJnts of th8 c(xnpany lh8 year8ndJ 30 Apn'l 2023. ResponslbSlltkn and basls of report AS the Trustees of the company land Ils dIreCtS for the purposes of 0panY lawl YO are respon8ible for the preparation of the accounts in aCcOrdae with the requrenHIts ofthe CoMn Act 2006 (Ihe 2(KJ6 Acl'l. Havlng satisfied mysdf that the attnts of the ¢tympany a-e not required to be audited Lnder Part 16 01 the 20)6 Act and are eligiNe indep8ndent exarnination, I r8POrt in r85P8Ct of My 8x8rninati of the cotnp8nY5 accounts carried out under Section 145 of the Chariiies Ad 2011 1.the 2011 Aci'l. In carfying out my examinabcffi I have the Directions given by thts Charity Commission under $e¢tion 14515llbl of the 2011 Act. Independent exarninerfs staernenl I have wmp1818d my 8xaminatK)n. I Conffi that no matte15 have Lxxn8 to my att8nlK)n in {nectiOn th th8 8X8rnination giving m8 (use 10 believe. accountng recorrjs were not kept in rest(a cltt)e conpany as requi by sect#)n 386 01 the 2006 Act," or the accounts do not accord wlh those retsyds" or the a¢counts do not comply wth the ac¢ountro reqviremerts of Sexi 396 of the 2006 Act other than any requiremen¢ that the accounts grie a'tru8 8nd fairf vi8v4 which rK>t a wnatler Ix)nsider8d as Fart of an ind8pendenl 8xamination.' or the accounts have not been preparwj in an 1h the methods and principles of the Slatement of Recommended Practice for accounting and rfrporting by th3rities [appIats to driti&S prgpaiing thwr accounts in accordance With thg Financial Rep)rtsng Stsndard ar(Jli¢at. in the UK Republi¢ of IlaTh1 IFRS 10211 I h8V8 no concems and hav8 come across no 0tr8r matter5 in ConneCtffi with th8 examnation to whirth attentiDn should be drawn in thiÈ rèport in order tts onablè a prOr ujèr$1andlt of tht attounts bÈ lèath. This report 15 m8d8 solely lo the cornpanrfs Trust8es. as a Ixxly. in aCtoanCe P* 4 of Ih8 ChtIeS IAccounts a1 Reports) Regulations 2008. My work has been underlaken so that I mwht stste lo the companls Trustees those rnatters l am required lo state to them In an Independent examin¥s repvt and for ro other purpose. To he fulbest extent pennitted by law, I do not aEpt assume r88p¢b11ty lo anY0r otherthan th8 cornpany and th8 c(xnpany'5 Trust88s as a b(xly. for my wLyk or for this report. Signed.. Dated..26 Janu8ry 2024 Christopher Tayhx Adl•r Sh5n• LLP Aston House Cornwall Av8nue Lon(Jon N3 1LF Page 6
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTivfTIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EK)EO 3Q APRIL 2023 Unrestrfctad funds 2023 Total fund5 2023 rotal 122 In¢rxne from: Donations 217205 217,205 54,92T Totsl Income Expendlture on: 217205 217.205 54,927 Charitable adwitie5 120.313 120.313 26,405 her expendilure 9.557 9,357 1, 129 Total expenditure 129,870 129.870 27,534 Net movement In funds 87,335 87.335 27,393 Reconciliation of funds= Totsl funds brtyjght fixward Net movemenl in funds 34,115 34.115 6,722 87,335 87.335 27,393 Total funds carried forward 121,450 121.450 34.775 The Statemenl of finanrial ¥1e$ Indu(les all gains and losses rwniwl in the year. The no18s on pag8s 9 to 13 form part of the59 finarKial stat8mBnls. Page 7
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) REGISTERED NUMBER: 11267055 BALANCE SHEET AS AT 30 APRIL 2Q23 2023 2022 Note Curront a$s&ts Cash at bank and in fond 121,450 34. 115 121.45(1 34. 115 Net Gurrent ass&ts 121,450 34,115 Total a$$ets IWJS ¢uffent IllllWes 121.450 34,115 Total net asse1$ 121,450 34,175 CharSty funds Unreslrthd funds 121,4 34,775 Total fund5 121,450 34.715 The rxxnpany was enb'ded to exemptM)n from audit KIer seciKJn 477 of Ihe CIMnpanies Act 21Y)6. Tlie rnBmbetb not rvyuirl wmpèjny iD ublain a111 fut the yedf in ylSti in witli 110 476 Df CotllPé]niU Act 2006. The Trustee5 acknoWge their o¥4)ngbilits coMj wth the uirements of1h& Act th SpeCt to accthnting COrdS and pr8paration of financial staiements. The fina181 statements have been prepare(l in accor¢Yan¢e wth the [lon$ 8p0t1e to entit$ subject to the srF)all companies regime The financial statemenb were appre arn1 wue by Ihe Tnjslees and on their behalf by.. J Joseph Dale.. 26 January 2024 The no18s on pag8s 9 to 13 form ofthe58 nar331 stat8m8nts. Page 8
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR EK)EO 3Q APRIL 2023 Genoral informatio The G-A-Y Foundabon a company limiled by guaranlee rryisterEd in E[land Wales. The members of the company are the trustee5 [Ded on page 1. In Ihe evenl of the cwpany bvw¥J wrNI UJ. the liabilily in respett of Ihe guarantee is limited to £1 per rngmber of the comp8ny. The prinapal ¥ti¥ty of ts rnpany is the promotion of sorAal inrJusk?n, equality, diversity, and the advancement ol heallh. Accounting PDIicips 2.1 Basis of preparation of financial 5tatsments The finaicial statements have been prepared in accordance with Ihe Chariiies SORP IFRS 1021- Accounting and Reportins by Charitie5'. Statetnent cl ReC(Meed Ptxtice aJp11cab to chaiities pieparing th[ accounts in ordance with the Finan031 Repotbr¥J StardarLI apICable in UK aThJ RepuL)lic Df Ireland IFRS 1021 leflectiVE 1 January 20191, the Financial Rep(xb"ng Standard applicab in the UK RepUtlC of Ireland IFRS 1021 and the Companies Act 2006. The G-y Foundation meeis the defnf(K)n of a rAJt1 benefit entity under FRS 102. Awt$ and liabilities a initially recognised ai htstori¢al cosi Lransackn)n value unless 01he stated In ihe levant accountrng policy. 2.2 GoSn9 ¢oncern The Trustees have assessed whether Ihe use of the wng &)ncem basis 15 a)rOprIate and have considered KDssible events conditions tt might rast Signint dwbt Ihe ability o. the company to conbnue as a going concem. AILer rnaking enquirie5. the truslee5 have conduded that Ihere is a reasonable expectation that the cotnpany has adequate resources to contsTrue in Opera15 existenTr fof the f(YEseee futwe being a period Df at least 12 rnonihs frotn the date of approval of t8 fincIal stst8ffl8nts. Th8 u)mpany th8r8for8 cOntinL to adopt the gong conc8rn basi5 in pr8paring its financial ststements. 13 In¢ome Al ir&)me is re¢ognised onTr the wrrpany has entilleff*nl to the in(xe. it is probable that tho income will be received. and the amountol i011 receivatle can be measured relh3bbf. Page 9
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR EK)EO 3Q APRIL 2023 Accountlng PDllcSes Icontlnued 2.4 Expendknre Exp8ndibJr8 15 rKognis8d Ih8r8 is a legal (xy1[uCi8 dA¥J8tion lo Iransfer8corK>rnic b8n8frt to a third party, it is probable that a transfer tsf economic benefrts W11 be requirtd in settiernent and the amount of the olgatiOn can be measur&J reliably. Expenditure is dassifd by acliwty. The o)sts of each a¢tivity ate made up of Ihe total ol direct cxists and shaTrd costs. including suppcvt costs Invov8d in und8rtaking eh acbvty. Direct cost5 3ttribulatA8 to a single activity are all(tated dI¢11Y lo Ihat livity. Shareil costs whth ¢tribUte to nve than one actmty aThY support ctssts which are rK)t attributable a sin9le aclvity a'e apportioned beeen t)se a¢tivth"es on a bas conststenl wilh the use of resources. Central stsff costs we alhxated on the ba$ of time spent. depreckgtw charges allocated on the porbon of the asset's use_ Expenditure on ch8rit8ble activthes is incurred directty undertakin9 the aclivilies which fijrther the ¢omp8ny's obj8CtiV85, as w811 as any 8S)c1at8d supp(Kt costs. Gr8nt5 P3yatrAe are charged in the year when the offer [re except in those case5 where the offer is conditional, such grsnts being recognised as eXpe1lture wher the CdOnS attsthng are tulfilled. Grant5 offered subject to ndItionS which hav8 1101 bagn rn81 at thè y8ar end arp rt8d asa comrTritrn8nl. but acerued as exp8ndiiur8. All expentjiluie is inclusbve of ir1ecoverae VAT. 2.S Cash at bank a1 in hand Cash al bank and in hand IncleS short-temi hYJhty liquid invÈstmenls wrth a short Mat)ty of three months or less frorr the d81e of acquisthon or orÉning of ffie derM)g1 or simiLqr attounL 18 Financial in$trumnts The company only has finarrial asset5 ènd finartAf liabilrfEs of a kJ"tvJ Inai Qualify as basic financial instrumenls. Basie financi81 Instruments inibally fecognised at transacti( value and substquently me85ured at tt)eir settlement value with the exception of bank knans whKh are sub5equerfy measured at amrtsed co4 th8 8ffectDie intsrest tn8thod. 2.7 Fund accounting General funds are untrted funds which we avaiLatle for use ai the dixrets.on ol the Trustees in lutherance ol the neral objectives of the ts)mpany and have not been ¢esNJnated for (rther purposes. Page 10
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR EK)EO 3Q APRIL 2023 Income frorn donatws and legaues Unr•strl¢t*d funds 2023 Total funds 2023 rotal Donation5 217,205 217,205 54,927 Other expenditure Unr•stri¢ted fund$ 2023 Total fund$ 2023 Total funLIs 202 Legal fees ACcntancY charges Bank f5 7.800 1.499 258 900 229 9.557 9,557 1.129 Trust••s' r•mun•ralltsn and •xp•ns•s During Ihe yeer, no INstees ie¢eived any rai)Unerati7 or other bereffts in the r$e of their duties. During the same period. no p8ym8nts were to tFUSte8s ews88 irurred on beh9Wof th8 foundation. Analysls of exp8ndrture by actlvths Grant funding of actiwti85 Total funds 2023 Tot81 fund5 202 2023 Donations 120.313 120,313 26,405 Page11
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR EK)EO 3Q APRIL 2023 Financial instruments 2023 3022 Financial a55ets Financial assets that are debt instrum8nts m8a5ured at arf11 cost 121.450 34,115 Financial asseis measured atfair value throLNJh inc(Th arKI expelture 1xmseOf other debtors. Statement of funds Statement of funds. current year Balance at 1 May 2022 Balancp at 30 Aprll 2023 kncom• Exp•ndltur• UnTestd¢¢ed funds Unallocated amounts 34115 217,205 1129.8701 121,450 Stat•m•nt of funds. prlor y•ar 8818nc9 l Alay 2021 Ba18n¢e ot 30April 2022 Income ExPerltU Unrtstricted funds Unallocated arTh)unts 6. T22 54.927 127.534) 34,115 Page 12
THE GA.Y FOUNDATION IA ¢4mpany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR EK)EO 3Q APRIL 2023 Analysis of net a55ets between fi5 Analysis of nel assets between fvnd$- Current year Unrestri¢¢ed funds 2023 Total funds 2023 Current assets 121.450 121,450 Analysis of net a55ets between Iwid5- wioryear unlrIed lunds 3022 Totsl funLIs 202 CUrnt assets 34. 175 34,775 Total 34. 115 J4,115 10. Related party iransa¢tlons During Ihe y8ar ended 30 April 2023 th8 G-y FlatiOn r8CeiV thjnabons of £24.412120Z2.£26,7131 from G-A-Y Group Limrted. a company ¢trOlled by Mr J Joseph. Limiteil by guardlltee The G-A-Y FoUThjat is a ¢))tDpany limiteil by guarnntee arxj tkns tK>I have share ¢ar¥tal. Page 13
This document was delivered using electronic communicalions and authenticaled in accordance with ihe registraT'S rules relaling to electronic forni. auihentication and manner of deli&'ery undeT section 1072 of the Companies Act 2006.