REPORT OV'IIIL'IRusfEES AND
tiNAUDrfED FllYANCIAL STATEMENTS FOR THE PERIOD6 DECEMIIER2022 TO 5 APRIL 2024
FOR
THE GARL FOiINDATtor4
JH Bury l.iTnit
'I'he L.xch8nge
S Ballk Street
Bwy
Lancashire
BL9 ODN

THE GARL Fouf4DATION
CONIJLNTS ofi THE FINANCIAL STATEMENrs
FOR THE PERIOD 6 DECFMBKLI2022 TO 5 APRIL2024
P4E¢
Reportof the Trnst¢
Independent EiXaMi￿r,5 RepDrt
St*tsment of FloAn¢lal ActiTAtit5
Bil#Mee Sheet
Note5 to tlie FI￿￿¢181 St#tsm•nts
6 to 11
Detailed Ststem¢rf of f4inan¢i*l Activitie5
12

THK CARL FOUP4DATION
REPOii'I' ofi THE TRusfEES
FOR THE PERIOD 6 DCI CEMBER 2022 TO 5 APRIL2024
'Ihe Irustcts present th¢ir Irwrt with the fJnw)ciai siwem¢nt¥ of the charity for the period 6 De¢¢mb¢r 2022 to
5 April 2024. Thc tru8le¢s hav¢ ad?￿d thc provisiims OF Accountitig wd R¢[x)rtil￿ by Charilies.. Ststrtnent of
Re¢gmmended PJxciiC¢ applicable to charities waring thcir accounts in accordanc¢ with the fiTwn¢ial liqx>rtiE)8
Standard applicable inthe UK And R¢wbli¢ of ]re1￿Id {FRS 1021 leff￿1ve l January 2019).
ORIEcrtVES AND AcrivrriES
Objegtlves 8nd films
'I'hc mainaimof th¢ Gharily is to provide 8upwrL viadonatlon and gr￿, to other Chwryti¢s orvolwitary b￿]
AClItEVCI METr￿ AND PERFORMANCE
ChArltsble #etlvltles
Th¢ t￿st ha5 a portfolio of investment5 via an InV￿lM￿)I manager, with investments in following Sectors..
Altemative Inv&91meni MaTk¢¢ Construction & Buildin& FIll￿Gial 8cncral and Real Lstgt
Thc chariLy reC¢1v￿ donatioll8 in the period tota]ling £31689 (2022.. £nill gnd made (k>mitions to in811ttrtiOll8 of
£958,950 {2022.. £174,5001
Investmen( income of £69210 ranained SiTllilarto thatof £58.947 in 2022.
The TrL]StCCS are 8atisficd that all of the charity'% &*8ets atr Stat￿ in th6 BtatCm￿￿ of fu￿1¢1￿ p)sition ill accordaTh(
with th¢ chariiy's accountiDg rK)li¢ie8.
In line wlth good practic¢ the TftL4C(* ￿)ntinue to ￿leW and 8m¢rtd ￿liGI¢S to en5urt that the d)aritable objectives
continue fr) b¢ m¢L
Golmg eoneerm
Aftw considcring lh¢ role of th¢ kn]$t withill thc wider comnunity and risk managcmcnl the ￿Ste&8 have Te4sonfjblr
xpectstion th￿ the tTr￿l have &dequ&te r¢sou]tYs Lysh thIw8 to meet their g￿t￿ling ￿￿[nit￿t[)ts for thc
foiE8eeable futwr.
R￿orW¢S poll¢y
A5 at the period dale, the try￿L utLTestricthd funds of £3.3m (2022 - £4.3tn) of which £3.Im (2022 - £4.3m) 18
held within ututis&l invcstmeThtfllnd&
All iiive5ttn¢nts held c￿) E¢ readily rea]i8al and are thoEfor4 in the opinion of the thvsttt8. in¢lud¢d in the calculotiix)
of fre¢ re8¢rv¢s.
The ttusL has mSnima] overheads, which primarily relate to clwity complignce Clk4ts, ther¢fort th¢ tsust￿8 are satisficd
that suffICi￿1 rescNes are￿VaIlabl¢ to meet with fut￿1% plans.
FUTURE PLANS
Tb¢ trust will continue to make wis anddonations to appropviaie institutionsas deterni1t￿l by the fout)(kr.
STRucrtTrifj GOVERNANCE AND MAPIAGEMENT
Governing doeum¢n¢
I'h¢ Ghurily 15 ￿ntrOlled by its8overrrin8 do¢um¢nL ad¢ed of ts7]st Stxi constivjtes an uninwrkX)rntrd ¢h8yity.
REFERENCE Af4D ADMllyJsfRATIVR D￿r￿lS
Rtglstsred Charfty nTimber
1201243

THE GARL FOUNDATION
REPORT ofi THE TRusfEF
FOR THE PERIOD fj DECEMBER 2022 TO 5 APRIL 2024
PrinclpAI address
68 Swrlin8 Ro
Radcliffe
Mwi¢h¢$ier
M26 41.N
Trustees
Cy A R 1.ol￿aK
I M Bolton
C J Hopkins
Independent Ex*mi#tsr
DTrl Jjuiy Limited
The Fxchgng¢
5 Bank SIr￿t
Bury
La￿￿hIre
IIL9 1)DN
as /1 /flS
Approved by onlerofthe boardof tnI8￿1>n..... ..........
. and signEd on behalf by:
C J HopkiE]S-
StL

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
TIIE GARL fioUNDATION
Jndepcndwrfex*minerf5 reportto the trnstees of The GARL FoundAllon
I rerort to ch8rity ts'u8lees on my exAmina¢ion of the ac<t)ut￿ of Th¢ GARL Foundation {th¢ Trust) for th¢ perk>d
6 IkccmiKr2022 to 5 April 2024.
Respongibllities bg8lB of report
As ihe ¢hariiy trustee% of the Trust you are r¢s￿nSible for the prepardtion of the accoullts in ￿rd&llCe with the
uitEJnfflts of die Charitie8 2011 Cthe ACVI.
I rewrt in rtspect of my exami[￿tIOn of the Trust's accounts c4tti¢d out utmler &￿IOn 145 of th¢ and in cwyying out
my rxamin4tion I followed ail appliedble Direclion5 given by the ChariLy Cominissioii under Section 145{5)(b) of
theAcL
Ittd¢p¢ndÈnt ¢xamiAer'$ $t4ttment
I have wtllplcled my eKaminalion. I confjrm that no material matterg hav¢ to my attthti(trts ith COt]nection with th6
examlil￿iom ￿vingin¢ cause to belÈ6ve that in Sny mattyial rC8￿¢t..
accounting records We￿ not kept in respect OfthcTrL￿ as irquircd by Section 130 of theAct' or
the accounL8 do not8￿0rd with thosc rer{m￿l. or
the acciwnts th not coinply with thc applicAblc requirements ajnceming the attd content of acwunls 8et out
in the Charities IA¢¢A)unts and R¢witsl R¢bJulations 2(N)8 other any requirement the acLY)unts give a
truc tair view whid) is not amatttt considcrcd &8 p￿* of an I￿￿nd￿nt examination.
I have ]]0 conLerns and have come acruss no other nJatteJ3 in eonnedion with th¢ ¢xamin&tion to whi¢h aiienti￿) 8hould
drawn in this Irport in order to ￿able aproper und¢r5tanditLgofthe aCCo￿tS to iK ￿ch
Ri¢hord Askey FCA
DJH Bury Limited
The ExCI￿ge
5 Bank Street
Bury
BL9 QDN
Dat¢..
as/1 /JS

THE GARLF01Tr4DATION
STATEMC4 OF FINANCJALAcfiviTIES
FOR THE PERIOD 6 DECEMBER2022 TO S APRIL 2024
Period
&12,22
Period
6.4.22
5.4.24
Unrestricted
5.12.22
Total
fmd9
Notes
INCOME AND ENDowf4iENtS FROM
DO1￿10nS and legaLi¢s
51689
Inv&8tment income
69210
58,947
Totsl
121099
58,947
EXPENDITURE ON
Charitable af¢ivitie5
Gcncral gront
958,950
174,500
12,276
2246
Tot*1
971,226
176,746
N¢t gaillsl(lossG8) on investmetts
(141769)
{886,197)
NET INCOMFJ(EXPCINDifuRE)
(99UJ96) (L.IX)3.996)
RECONCIUATION OF Fuf+iDS
Total funds brought foN4rd
4J29J48
5,333,344
T(YrAL FUNDS CARRIED FORWARD
JO37352
4,329,348
The nots% forEn part ofthw fJnanoi018tat￿jents

THE GARL FOitNDATION
BALANCK SHECIT
SAPRIL 2024
2024
Unyutrletsd
2022
Towl
nds
Notes
FIXED ASSETS
JDV¢5tmtllts
3.14&940
4,287,580
Ci)RRENf ASSE73
DebtVT8
Cash at bankond in h&nd
8,592
184040
&896
36,112
192fv32
45.008
C.REDITORS
Amounts fauing duewithin 0￿year
(4,320)
(3,240)
NLIT CURREWI'ASSM
188J12
41.768
TOTALA&srfs LFSS CURRENr
LIABILrriF
3J37142
4,329,348
NEIT ASSETS
3J37,252
4,329J48
FUNDS
3J37,252
4J29,348
TryfAL Fuf4DS
3J37,252
4,329J48
The
Twn¢ial staterncnts aprmved by th¢ Board of 'l'TUSic¢s and authoiTsed for i55UC
J.R./ .{ /.t24... and
we]Y signed on its bd]alfby'.
C J Hopkins.
Th¢ not&B fO￿part0f th&4e financwl 8tat¢rnents

THEI GARLFOUNDATION
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE PERIOD 6 DEICEMBER2022 T05 APRIL 21)24
CHARITY INIIORMATION
The GARL FoundRtton a ¢haTity regulAted by the d]arity comD]ission since its registration on 6 D¢eemb¢r
2022.
ACCOUNTING POLlCtKS
Basis of pftp%rlngthe financial statements
The fin8ncial slalements of the ch&ity, which 18 8 publi¢ i￿nefIt entity ￿d¢r fRS 102. h&ve Tr￿en prcp8rcd in
ac￿rdanCe with the Charitics SORP IFRS 102) 'Accounting Reporting by ChaTitie8'. Stut¢m¥nt of
Recommended PractiL% dppliL#bl¢ tts ¢hariiieb pr¢pw'ing their ￿U￿Ls in 8ttor(IwLe wilh fjnanciai
Reporting Standard applicablc in the UK and Ilepublic of Irelwid {1IiS 102) (effectivc l January 20191,,
FinAncI￿ R¢porting standard 102 'The Fin￿¢1&1 Rcportlng Standard appli¢ablc it) th¢ UK and Republic of
Irelolld, and the Clwities Act 2011. The fillancial siatemellls have been Ullder th6 historl(al cost
Ltinvenbon, with th¢ exwkion of inv¢Strn￿)t5 wliith are inGluded at markd valu¢. as ThodIfi￿ by thL ￿ValUatiOtI
ofctrtain assets.
Going erncern
At the tiinc of approving thc financial statcJn￿1s, thc Trust￿8 have a rLnsonablc cxpcctation that th6 TTUSt ht&s
adequate re￿￿Te￿ lo ci)ntinlle in op￿tional exi8ta)¢e foy the for&vabl¢ fuiur& Thus the Truste￿ contillue to
adopt thc BoiTrgconcern by2is of accountil￿ in prep8ringthe fuwicial 8tatem¢llts.
Intome
All incotne 15 T¢COgnis￿ in the Statement of Fit]anclal Activities once the ch￿lty ha8 entitlcTn¢nt to the thnd¥, It
l8 piY)bablethatthe income will be reLeived and the Emo￿t Lan be mewred reliably.
Cayh donotii>ns Hr¢ re￿8￿1$ell on rweipL Other Ik)nations are re¢0￿{sed owe th¢ Trllsl has been notifj￿l of the
donaiion, unlw ￿ro￿LanCe conditions requi￿ defej'ral of the atnounL Incoille recoverabl¢ in relation to
(bn&tion$ rcc¢iv¢d undu. Qiill Aid Ord￿d$ of¢ov¢nw)t 1$ r¢cogois¢d at th¢ tim¢ of th¢ donalion.
Lw¢ies are recO￿lSed on Jv¢ipi or oihenvise if the TrusL h&% Ix¢n t￿lifle￿ of1￿ Impendin8 disiributiOD, the
ount is knoww aiidreceipt is expected. If￿￿ amoulll is notknown, the legtLy i8 trcated &8 acoAtin8CJJt ￿tt.
ExptAdltur¢
Liabilitie5 are r¢Lognised &8 expenditure &8 ￿on as there 18 a legal or consin]ctive obligalion cominilting the
¢hwity ￿ that expEX)dih]r4 it i% ]wolvbl¢ that a tr&TL8fBr of etA)nomi¢ ben¢fit8 will be wuir&l ID s¢tÈlcment and
the amount of thc obligation Can bc measuird icliably. Expcndituif 18 &ceountcd for on 8n accrllals basss atKI ha8
been cig85ifi¢d under hea(Ilngs that ail uost r¢lthl to th¢ Lat¢gory. WI￿¢ cosls cannot Ix dlre¢LIy
auribuia to P8rticular hl￿1￿£S thcy have Exxn a]locatLd to activities on a b&8is consistenl with the use of
oureth.
Orants Off¢r￿ 8ubjwl to co[￿IllOnS wliich have not been at the year ￿¥j datc noted a5 a (Y)totnitsn¢nt but
not ￿￿ed as ¢xp¢nditurc.
Tax#tio
Thccharily is exempt th)m tsx on its chwitknle¥tivitie5.
Fund accoiinting
Unre8lricltd fund$ cffj b¥ u$a in awordon¢e with the choritsble objeaiv¢s &ih¢ dwrtiottof the truste￿.
Re8trl¢te(1 fund8 can only iK for parti¢ulw restricted pury)08¢8 wlthin the obj¢¢ts tsf the ¢harity. Re8tri¢tiix)8
ariSeWhen8￿lfied by the donoror when funds 8r¢ raised for particu]8r restri¢ted purrM)ses.
Furth￿ explanati(m of the nature puryo8e of eAch fvnd is included inthen(>tes tythe financial statcmcnts.
continuo(L..

THE GARL FOtW)ATION
NOTFS TOTHE FINANCIAL sfATEMENTS- tontlnuod
FOR THE PEI RIOD 6 DKCEMBER2022 TO 5 APIUL2024
ACCOUNTING POLICIL8- eontknued
Charithble funds
un￿striL¢¢d Ilmds avgiiable fi)r use at the discretio￿ of the Tnfv in further￿￿e of their dJaritabl¢
objectives.
Thc tharily only enters snto knic financiJi irn8trwnwts trJnsa¢tions that result in the ￿CognItIOn of fmancial
&&8et8 md liabilities like trade and othcr accounts rtceivabl¢ and payabl4 loan8 fn)Jn banks 8nd other third
P8rtits and 10t￿8 to rclatcd p8rtie8.
FinBllci81 &8sets ihfit arc Mi￿vi￿d Bt and a[nortis￿ c4)8t are as5¢5sed at th¢ eiid of tacli reporting period for
obj(¥tsv¢ ¢vid¢thce of impaiill)cnt. If obj(￿tIve evidence of smpaiiThent 1$ fo￿d, an imp8innent loss is reo)gni8ed
in theincojne stat¢ment.
ScL#ion PBF.34.90 to PBE34.97 of FRS 102 a]Iow8 I>LIL to reLX)gniK concc83ionary loarks at the amount
id1receiv￿ wltii 8ub8equent me&8uremellts b¢ing t1￿ carying amount adjust￿ for inkresi
receivable or payable.
B&qic fuwi¢iai liabilitie8 inltl&EEy mea5uraJ at transaction pri¢x ond 8ub8equcntly mc4surcd at 8rn0rtisExl cost,
thetransaciion price less any 8mly￿ts $etLle
Cri￿] aeeoutitlng ¢stlmilts ftnd judgements
In the yplicatson of the Ch￿Ity'S a¢LX)unting wli¢ie8, th¢ tws¢£es wuired to mak¢ ￿tIMate$ and
jiidgcmemts. Thr rslima1¢5 are basd un hi3tOriLal expEriencts and othei. releV￿l facto￿. Ac￿)￿[ results Jnay
diff¢rfrom thcsc &stimate
The estllna(¢s are ContiM￿lY ¢vulu&wL Revisions to att￿nting estimAt¢% r￿0&nI￿￿ in th¥ ￿1{x{ in which
thc ¢3timat¢ 1% TCVi$fd.
There ￿ ¢urr¢nily ¥i6TrifiLatit jLKI￿n¢tJts and estimates applied by the tTUStees which ate considered key to
thc p￿p￿10￿ of the rmanc1￿ statements.
Perlod
6.1122
Pcriod
6.422
424
5.1122
Dividend income
PrOp￿ty in¢ome distributions
DerA)8ltaccount ini¢resl
ItLV¢Stment account intel￿t
52214
12.131
2,171
1694
51,918
6.963
66
69.210
58.947
continued...

THE GARL FoiifffjATION
N(YfES TO THE f4lNANCtAL SVATEMENTS. eontlnued
FOR THE PEIUOD 6 DEC£IMBER2022 TO 5 APRIL 2024
TRusfEK8' REMUNERATION AND BENCI FITS
None of the tw8te¢s weived r¢muncrntion or Ixnefits for the ￿rIOd endcd 5 April 2024 nor for the period
endd S D¢cember2022.
tkgal Btrviccs arc provided by Butchcr & BaAow LLP, a finn in which onc of the 'fn]stee8 is materialty
re￿ in ap9rtiier. Fe&8 for this work wnountedb) £8,688 in th¢ wiod (2022: £nil).
For tho Jyyiod fyom 6 April 2023 to 5 April 2024, inve5tmenÉ advisoly, Guqtody and hansa¢tion ftts iotalling
£2,667 Iptriod from 6 April 2022 to 5 April 2023.. £2,952) were ¢h8rg¢d by Jamu Sharp & Co LLP, a ill
whith one of the Trntyiees is matffialiy in*r&sttJJ in apartner.
Trustee5 expenses
Thue were no tru8le& ￿penSeS paid for the period ettded 5 Awil 2U24 nor for the period ended
5 T)ttuThb¢T 2022.
COMPARATIVES FOR THE STATEMENT OFFINANCIALACTIVITIKS
fund
INCOt*ll¢ ATr4D ENDOWMEIYTS FROM
IE]vestrn¢nt inwm¢
58.947
EXPENDITURE ON
Charit¥bl¢ wctivhles
(Jen￿al
174.5(K)
oth
2246
176,746
Netgainslllosses) on investsnents
(886,IY7)
NET INCOMFJIEXPENDITURE)
11,003,996)
RECONCILIATION OF rtM)s
fw]ds brougiit forward
5,333,344
TOTAL fitiNDS CARRtED FORWARD
4,329,348
continucd..

THE GARL FOUP4DATtON
N(rrFS TO THEI FINANCIAL sfATFM]LN13- eontithued
FOR THE PEIUOD 6 DECEMBER 2022 TO 5 APRIL2024
FIXED ASSET INVLSTMENIS
Listed
investmcnts
MARKrf VALUE
At 6 Decemkr 2022
Disposals
Revaiuatiotis
4,287A80
U,IM)IJ55
(137.085)
At 5 April 2024
3.148,940
NET BOOKVALUE
At 5 April 2024
3,148940
At 5 De£%mE£r2022
4.287580
There wejr no investment a5th out8Kde thc UL
Cost orvaJuatiQTL at 5 April 2W24 LS TcpfLxnted by:
Ltsted
investments
V81uation in 2024
833J72
2,315J68
3,148,940
DKvfoiLS: AMouTrfIs FALLING DUE wrfHIN ONCI YEAR
2022
Other debtors
8J92
8,896
continued...

THE GARL FOUNDATION
NOTKSTO THL FINANCIAL sfATEMCI N13- coutinuvj
FOR THE PERIOD 6 DECEMBER2022 TO S APRIL 2024
CREDITOBS.. AMOUNTS FALLINC DUE WITIUN ONEI YEAR
2024
2022
TRi¥¥)t(Iltors
OLhtr cJYdito
lJ20
3,0
1320
1,920
4?20
3,240
MOVEMENI. IN FUNDS
Net
movement
iii fimd5
At
6.12.22
At
5.4.24
Umre8¢vl¢twl fund$
Gen¢ral fund
4J29J48
(992,096)
3J37252
4J29J48
(992096)
3J37,252
Netmovetllent in fi)nd$. incl￿ed ill th¢ a￿ve are as followg..
Incoming
r¢sourcc8
Rcsources
expended
Gains and
los￿8
Mov&nent
in funds
UnreJtrKtsd funds
G¢n¢rai fund
121099
(971,2261
(142.769)
(992,WJ6)
TOTAL FUNI)S
121099
1971,2261
{J42,7691
(992,096)
Comparntivo% for movement In
mov¢m¢nt
in fvnds
At
5.12.22
At6.4.22
Unre¥hicted fuJhd5
Gcncrnl fund
5,333,344
11,003,996)
4229,348
'IOTAL FUPIDS
5,333.344
11,003,996)
4,329,348
10
continued...

THE CARL FOUNDATION
iyurEs TO THE Fll¥ANCIAL STATE1￿Cl Nfs- continued
FOR THCI PEIUOD 6 DECEI MBER 2022 TO 5 APRIL2024
MOVEMENT IN FUNDS- tontlllued
Comparatiycnct movement in fi]nds, ui¢lllded in the above 88 follow8..
Inwinin8
IlesouTCCS
expcnd
Gains and
108$¢
Movement
ill ￿ndS
Ullrestrfcled funds
General fund
58,947
{176,746)
1886,197) (I,(K)3.9961
TOTAL FUNDS
58,947
1176.746)
1886,197) (l.Ix)3 L)96)
io.
REIAIYD PARTY DISCIA)SURES
During the period the trust r¢¢¢iV￿ a thnation of £52.689 from G A R Lomax12022.. £llil), a trustee and the
rDun(k¥tsf tILe trust.
IA.
ULTIMATE CONfROLLll¥G PARTY
'rhe charity i8 joindy I￿1rD1]ed by the tr￿stee8.

THE GARLFOUNDATiorq
DETAILED STATCI MfiNT OF fllYANCIAL ACIIVITIFS
FOR THE PEIRIOD 6 DECEfviBER 2022 TO S APRIL 2024
Period
6.4.22
6.12.22
to
5.4.24
5.12.22
INCOML AiYD ENDOWMENTS
DonAtIons And legAclo
DonatlOn5
52ffj89
Inve5thient Income
DividetKi Incom¢
Propcrty iiicomc distributions
Dysitaccount intcre4t
Inv¢btment aLrount intcttst
52,214
12,13A
2,171
2ffj94
51,918
6,963
69210
58,947
Totsl In¢omiDg rewureos
121099
38947
ClifiritAble Atmviti
Grantsto inSti￿tionS
958950
174500
SuM)ort Costs
Bank charges
ILM)
Gov•rnAne* tosts
Accountancy fee
Lcgaj fre6
I￿1 twwal f¢¢
Portfolio cha￿5
3,000
8,688
120
368
120
150
12,176
2,1￿
To¢ai ir8ourcc8 ex￿nded
971 J26
176,746
Netexpendlture befotty gmins gnd 1099¢Y
(849027)
(l L7,799)
Roiilsod iinr¢a115ed ttcognlsed galns losse5
lieaLised g(lin￿(lO$s¢s) on disposal ofinv¢xth)¢nt
unitali%￿ galns1(lo&￿) on markct value
movement
(5,684)
{20,593)
{137.085)
(865,604)
Net expeiiditlire
1992,0961 I1,￿3,996)
This Page docs not fomi pBrtof thc stahxtory financiaj 8tatcmLxJts
12