Registered number.. 11267055
Charity number: 1181544
THE G-A-Y FOUNDATION
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

THE G-A-Y FOUNDATION
(A company limited by guarantee)
CONTENTS
Page
Reference and adminlstratlve details of the company* its trustees and advisgrs
Trustees. report
Tru5teo$' re8pon8ibilitieg 8tatoment
Indepgndent examiner's report
Statement of financial actlvities
Balance sheet
Notes to the flnanclal st*ements
9-13

THE G-A-Y FOUNDATION
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDEO 30 APRIL 2025
Trustees
J Joseph
S M Turner
K Mcshannon
L Kellow
Company reglstered
number
11267055
Charlty reglstered
number
1181544
Reglstered office
Heaven Nightclub
11, The Arches, Villiers Street
London
WC2N 6NG
Accountants
Adler Shine LLP
Aston House
Cornwall Avenue
London
N31LF
Page 1

THE G-A-Y FOUNDATION
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The Trustees present their annual report together with the financial statements of the company for the financial
year ended 30 April 2025. The Annual report serves the PLJrposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm that the Annual report and financial statements of the
charitable company comply with the current stalulory requirements, the requirements of the charitable
company's governing document and the provisions of the Slalemenl of Recommended Practice {SORP}
applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191.
Since the company qualifies as small under section 382 of the CoTnpanies Act 2006. the Strategic report
required of medium and Sarge companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulations 2013 has been omilled.
Objectives and actlvlties
a. Policies and objectives
Tliv G-A-Y Fuuiidalioii has been e51ab5ish8d to offer a lrfe changing opportunity lo th0￿c who need it.
Our areas of priority for funding over Ihe next two lo three years wi11 be the following bul we will k88p them
under review annually or more often if ng.gdè.d".-
health.
social inclu910n.
promotion of equality and éiversily and Gommunity development.
A non*xhaustive li51 of sample grants we would consider in¢lude'.-
assisting wllh costs of purchasing PrEP.
assisting those who need counselling (e.g. due to alcohol or drug dependency or lo improve mental health and
wellbeing).
assisting with costs of funding for gender reassignment or therapy.
assisting those suffering from infertility lo provKle support, guidance or necessary funding towards costs of IVF
(but not surrogacy).
supporting people with disabilities or who have suffered an accident lo help improve their quality of life e.g.
through fLJnding equipment and daily living aids, making adjustments to homes and providing financial support
in immediate aftermath of an accident.
assi51ing with rental costs for person made homeless due lo family relectlon.
In setting objectives and planning for activities. the Trustees have given due consideration to gener81 guidance
published by the Charity Commission ￿lating lo public benefit, including the guidance 'Public benefit.. running a
charity IP821'.
Page 2

THE G-A-Y FOUNDATION
{A company Ilmlted by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
ObjgGtives and activltles {continued)
b. Strategies for achleving objectives
Our strategy is lo fundraise on a case-by case basis for a specified lolal lo make an individual grant. Once the
funds have been raised for one successful grant application, we will move onlo the next fundraise.
c. Actlvlties undertaken to achleve obSectlveg
The ch8rily continued with its fundraising activities and made a number of grants in line with ils objectives.
d. Main activities undertaken to further the Company's purposes for the public bgnefit
Our funds musl be applied towards exclusively charitable purposes (under the laws of England and Wales) for
the public benefit as the Trustees may from lime lo time decide. During the period ended 30 April 2025 the
charity's fundraising activities generated £37,382 in donations of which il expended £86,790 on charitable
purposes.
Achlevements and performance
a. Maln achlevements of the company
Donations have been received from fundraising aclivilies, such as participation in the London Marathon.
Financial rgview
. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has
adequate resources lo continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the financial statements. Further details regarding the
adoption of the going concern basis can be found in the accounting policies.
Structure, governance and managemgnt
a. Constitution
The G-A-Y Foundation is registered as a charitable company limited by guarantee and was set up by the
Memorandum and Articles of Association.
Page 3

THE G-A-Y FOUNDATION
(A company limited by guaranteg)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
Structure, govemance and management {contlnuedl
b. Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the
terms of the Articles of Association.
The Trustees who served during the year and to the dale of this report are as follows..
J Joseph
S M Turner
K McShani)on
L Kellow
Appro
dbyord
of the members of the board of Trustees and signed on their behalf by..
JJO
Trust
Dale..
Page 4

THE G-A-Y FOUNDATION
{A company limited by guarantoel
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 APRIL 2025
The Trustees (who are also the directors of the company for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial slalemenls in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Aecounting Praclicel.
Company law requires the Trustees lo prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true 8nd fair view
of the stale of affairs of the company and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial slalemenls, the Trustees are required lo..
select suitable accounllng policies and then apply them consislenlly.,
obseTve the methods and principles of the Charities SORP IFRS 1021,.
make judgments and accounting estimates that are reasonable and prudent..
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any
material departures disclosed and explained in the financial stalemenls..
prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the company's transactions and disclose with reasonable accuracy at any lime the financial position of the
company and enable them lo ensure that the financial statemen15 comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved b order of
e members of the board of Trustees and signed on ils behalf by..
J Joseph
Trustee
Date..
Page S

THE G-A-Y FOUNDATION--
IA company Ilmlted by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 APRIL 2025
Indgpendent examlner's report to the Tru8tees of The G-A-Y Foundatlon I'the compan￿)
I report lo the charity Trustees on my examination of the accounts of the company for the year ended 30 April
2025.
Responsibilities and basis of report
As the Trustees of the company land ils directors for the purposes of company law} you are res¥x)nsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Acl'}.
Having satisfied myself that the accounts of the Company are not required to be audited under Parl 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the company's
accounts corriod out undcr ￿0¢110n 145 of the Charities Act 2011 1'lh8 2011 Acl'l. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145{5llbl of the 2011 Act.
Independent examinorfs statement
I have completed my examlnallon. I confirm that no mallers have come lo my allenlion in connection with the
cxarllinalion giving me cause to believe".
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with those records,. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'lrue and fair, view which is not 8 maller considered as part of
r*r
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other mallers in connection wth the examination to which
allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be
reached.
This reporl is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work ha5 been undertaken so that I might slate lo the company's
Trustees those matters l am required lo slate lo them in an Independent examinerfs report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than
the company and the companls TTU5tees as a body, for my work or for this feport.
Signed..
Dated..
/J
ol
Christopher Taylor
Adlgr Shine LLP
Aston House
Cornwall Avenue
London
N3 1LF
Page 6

THE G-A-Y FOUNDATION
IA company limlted by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDEO 30 APRIL 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Noto
Income from:
Donations
37.382
37,382
105,456
Total income
37.382
37,382
105.456
Expenditure on:
Charitable activities
Other expenditure
85,600
4,594
85,600
4,594
120.288
11.198
Total expenditure
90,194
90,194
131,486
Net movement in funds
(52.8121
(52,8121
(26,030J
Rgconciliation of funds:
Total funds brought forward
Nel movement in funds
95,420
{52.812>
95,420
(52,8121
121.450
(26,030)
Total funds carried forward
42,608
42,608
95,420
The Slalemenl of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 13 form part of these financial slalements.
Page 7

THE G-A-Y FOUNDATION
(A company limited by guarantee)
REGISTERED NUMBER: 11267055
BALANCE SHEET
AS AT 30 APRIL 2025
2025
2024
Not
Current a88ets
Cash al bank and in hand
42.608
95.420
42,608
95,420
Current Ilabllltles
Net curront assets
42,608
95,420
Total assets less current liabilities
42,608
95,420
Total net assets
42.608
95.420
Charity funds
UiirvbtriLled lui)ds
42,608
95,420
Total funds
42,608
95,420
The cornpany was entitled lo exemptson from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act wlh respect lo
accounlina records and preparation of financial slalements.
The financial statements have been prepared in accordance with the provisions applicable lo entities subject to
the small companies regime.
The fina
ial slaleme
ts were approved and aulhorised for issue by the Trustees and signed on their behalf by..
JJOS
Truste
Date..
The note
on pages 9 10 13 form part of these financial statements.
Page 8

THE G-A-Y FOUNDATION
(A cornpany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
General Information
The G-A-Y Foundation is a company limited by guarantee registered in England and Wales. The
members of the company are the Iruslees named on page 1. In the event of the company being wound
up, the liability in respect of the guarantee is limited lo £1 per member of the company. The principal
activity of the company is the promotion of social inclusion, equality, diversity, and the advancement of
health.
Accounting policies
2.1 Basis of preparatlon of flnanclal statoments
The financial statements have been prepared in accordance with Ihe Charities SORP IFRS 1021
Accounting and Res)orting by Charities.. Slalemenl of Recommended Practice applicable to charities
preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 {effeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
The G-A-Y Foundation meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised al historical cost or transaction value unless otherwise staled in the
relevant accounting policy.
2.2 Going concorn
The Trustees have assessed whether the use of the going concern basis is appropriate and have
considered possible events or conditions that might cast significant doubl on the ability of the
company lo continue 28 a goin9 concern. After making enquiries, the Iruslees have concluded that
there is a reasonable expectation that the company has adequate resources to conb'nue in
operations existence for the foreseeable future being a period of 81 least 12 months from the dale of
approval of these financial stalemenls. The company therefore continues to adopt the going concern
basis in prepaTing its financial slalemenls.
2.3 Incomg
All income is recognised once the cotnpany has enlillemenl lo the income, il is probable that the
income will be received, and the amount of income receivable can be measured reliably.
Page 9

THE G-A-Y FOUNDATION
{A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Accountlng policies (continued)
2.4 Expendlture
Expondilure is recognised once there is a legal or constructive obligation lo transfer economic
benefit to a third party, il is probable that a transfer of economic benefits will be required in
selllement and the amount of the obligation can be measured reliably. Expendituro is classified by
activity. The costs of each activity are mado up ol Ihc total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs allributable lo a Single
activity are allocated directly lo th21 activity. Shared costs which contribute lo more Ihan one activity
2nd support costs which are not allributdble lo a single activity are apportioned between those
activities on 8 basis consislenl with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is inCu￿ed on directly undertaking the activities which further the
companvs objectives, as well as any associated sijpport cosls.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions allaching are
fulfilled. Grants offered subject lo conditions which have not been mel al the year end are noted as a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Cash at bank and in hand
Cash al bank and in hand indude8 cash and short-lerm highly liquid investments with a short
malurily of three months or less trom the date ot acquisition or opening ot ine aeposit or similar
account.
2.6 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualrfy as basic financi81
nslrumenls. Basic financial instruments are initially recognised al transaction value 2nd
subsequently measuTe(J at their selllemenl value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
2.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Page10

THE G-A-Y FOUNDATION
(A company limited by guarant90)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Income from donatlons and legacies
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Donations
37,382
37.382
105.456
Other expenditurg
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Legal fees
Accountancy charges
Bank fees
General expenses
1,401
2,028
565
600
1,401
2.028
565
9,306
1,620
272
600
4,594
4,594
17,198
Trustees, remuneratlon and expenses
During the year, none of the Iruslees received any remuneration or other benefits in the course of their
duties. During Ihe same period, no payments were made lo trustees for expenses incurred on behalf of
the foundation.
Analysis of expenditure by actlvltles
Grant
funding of
activities
2025
Total
funds
2025
Total
funds
2024
Charitable expenditure
85,600
85.600
120,288
Page 71

THE G-A-Y FOUNDATION
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Financlal Instruments
2025
2024
Financial assats
Financial ass6ts that are debt instruments measured al amortised cost
42.608
95.420
Financial a55els measured al fair value through income and expenditure comprise of cash and cash
equivalents.
statgmont of funds
Statement of funds- current year
Balance at
30 April
2025
Balance at 1
May 2024
Income Expenditure
Unrcslricted funds
General funds
95.420
37,382
190.194}
42,608
Statement of funds- prior ygar
Balance al
l May 2023
881ance al
Income Expenditure 30 April 2024
Unrestrieted funds
General fund5
121,450
121, 756
(147, 786)
95.420
Pago 12

THE G-￿y FOUNDATION
(A Gompany limlted by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Analysls of net assets batween funds
Analysis of net assets between funds - current year
Unrastrictod
funds
2025
Total
funds
2025
Current assets
42,608
42,608
Analysis of net assets betwèen funds - prior year
Unr&slricted
fvnds
2024
Tolal
funds
2024
Current assets
95.420
95.42Q
Total
95,420
95,420
10. Related party transactlons
At 30 April 2025, £nll was owed by G-A-Y Group Limiteé lo The G-A-Y Foundation.
Jeremy Joseph is the director and controlling shareholder of G-A-Y Group Limited and is a Trustee of
The G-A-Y Foundation.
11. Limited by guarantee
The G-A-Y FO￿ndatIOn is a company limited by guarantee and does not have share capital.
Page 13