Registered Charity No 227177 KIRT & CO ACCOUNTANTS ACCOUNTING TAX & BUSINESS ADVICE GPM Charitable Trust Accounts 31 March 2021
GPM Charitable Trust Report and accounts Contents Page Fleporl of the trustees Statement of financial activlties 1&2 Balance sheet Notes lo the financial statements
GPM Charitable Trust Registered Charily No. 227177 Report of the Truslees Financlal year 31 March 2021 The charity's princlpal address is: CIO Unite the Unlon Riverside BuiSding 102 Bath Lane Lèieesler LE3 5BJ The charlly Irustees during the yeaT were: Mr D Brown- Chair Ms L Miller- Vice Chair Ms R Mooney- Treasurer Mr G D Beaver Mr5 C Garngr Mr M Pike Mr V Flobson Tho trustees are appolnted by resolutlon of the trustee body, Secretary Mr K Keys Bankers The Go-op&rallve Bank Inveslmenl Advis8rs Sarasln & Partners The object ol the charlly is the relief ol persons and their dependanls who are in need, hardship or distress or who are sick, convalescenl, disabled or infirm and who are or have be&n employed in the graphlcal, paper and rnedia trades. The trustees may relieve those eligible lor assistance by making grants ol money,. providing or paying lor goods, seNice5 or laeililies.. or making grants lo other persons or bodies who provide goods, services or fa¢illlies lo those eligible lor assistance. Public benefit The Iruslees ¢onlirm they have complied with regards to the Charlly Cornmlsslon's oeneral guldanoe on public benelil and the activities Carried out by the charity durlng Ihe year were all underlaken In order lo further the charity's aims lor beneficiaries. There is a detailed explanation ol the activllies carrled oul durSng Ihe year under review and acliv1116S lor the year. Statement ot tTUStegs responslbllltles Law applicablo lo charities in England and Wales requires the trustees lo prepare Ilnancial slalements lor each financial year which givg a true and lair view ol the charily's Ilnan¢ial activities during the year and of its financial positlon al Ihe encl ol the year. In proparlng Ilnancial statements giving a true and lair view, the truslses should follow best practice and.. Select suitable acL)ntIng policies and Ihtsn apply them consistently., Make ludgements and estimates that are reasonable and prudent., Slate whelh¢r applicable accoullling slindards and slatemenls ol recotlltnended practice have been followed, subject to any departures disclosed and explained in the financial statements lunincorporated charities) Prepare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that the charity will Continue buslness.
GPM Charitable Trust Registered Charity No. 227177 Report of Ihe Trustees Iconlinued) Revlew and activlties for Ihe year During the year the charity mel four limes lo conslder appllcalions wllh the objectives ol the charity, lo review the financial strategy of the charity and the ongoing and future actiwlies of the charity. The Iruslees have continued to promote the objects ol the charity through organizalions connected wth graphittal. pap@r and media industries. The charity awarded 10 grants tolalling £6,71312020 22 grants £7,204). The surplus for the year was £13,27612020 £9,709). This is again due lo investments producing a suitable income. Reserves pollcy The charily has set up an investment reserve to help lo provide the necessary grants and donations in accordance with ils objects. Sarasin & Partners are appointed investment advisers, the non-cash investments are managed under a Oiscretionary Management S8rvice. In accordance with the Slalemenl of Investment Principles, Sarasin r&ports regularly to lo the Twslees. The market value of the investments al the end ol 31 March 2021 were £897,275131 March 2020 £740,380). The value ol investments anaged by Sarasin has increased in value by £156,894 . Markets have recovered due lo conlldence in economic recovery from the impact ol Govid-19 The cash banCeS held al bank al 31 March 2021 were £77,735131 March 2020 £64,459) which is a increase of £13,276. Declaratlon The trustees have approved the Trustees, Report alxjve Date.....
GPM Charltable Trusl Statement of Flnanclal Actlvllles For the year ended 31 March 2021 Unrestricted Funds 31.03.2021 31.03.2020 IncoTning resources Incoming resourcgs from generating funds Investment income Total IncomSng resources 27,032 27,032 26,788 26,788 Resources expended Cost of generatng funds Investment management costs 15 Direct charitable expenditure Grants 6.713 7.204 Governance costs Administrator Meelings expenses AccounlanGy and audit lees Other expenses 6,265 91 600 87 7,043 7,707 1,391 600 162 9,860 Total Resources Expended 13,757 17,079 Net {expendedl resources for the year 13.275 9,709 Other recognlsed gains and losses Nel realised and unrealisod Ilossesl I gains on assets Nel mDvemenl in funds Total fund at 1 Aprll 2020 Total fund at 31 March 2021 156,895 170,170 804,239 974,409 76,087 166,3781 870,617 804,239
GPM Charltable Trust Notes to Ihe Financlal Stalements For the year ended 31 March 2021 1. Accounting policies Basis ol preparation The financial statements have been prepared under the historical cost convgnlion apart from the valuation ol investments and accordance wiih applicable accounting standards, and in accordan wSth SORP AccoLJnling and Reporting by Charities 31.03.2021 31.03.2020 2, Investments Investments at market value 31 March 2021 897.274 740,380 Inveslrnenls at cost 31 March 2021 724.552 724,552
Independenl Examlner's Report to the Trustees of the GPM Charltable Trust I r&port on the accounts of the Trust lor the year end8d 31 March 2021. which ar8 s&t out on pages 1to5. Respeclive responsibilities of trusteès and examiner The charity's Iruslees are responsible lor the preparation of the accounts. The charitls Iruslees consider that an audit is not required lor this year under sgclion 144 01 the Charities Act 2011 (the 2011 Acll and that an independent examination is needed. It Is my responsibility lo.. examine the accDurrts under section 145 of the 2011 Act.. lo follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl ol the 2011 Act., and lo stale whether particular matters have come lo my allenlion. Basis of independent examlner's report My examination was carried OLJI in accordance with the general Directions given by the Charity Cornmission. An examination includes a review ol the accounting records kept by the charity and a cornparison of the accounts presented Mfjlh those records.11 also includes consideration of any unusual items or disclogures in the account8, and seeking explanations from you as Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a'lrue and lair view, and the report is limited to those matters sel out in the statement bolow. Independent 9xaminar's slatement In connection with my oxaminalion, no maller has com& lo my atlenlion.. 111 which gives me reasonable cause lo believe Ihal in any material respect the requirements- to keep accounting records in accordance with section 130 of the Charities Act. and to prepare accounts which accord with th8 accounting records and comply with th& accounting requirements of the Charities Act have not been mel., or 121 to which. in my opinion, attention should be drawn in order lo enable a proper understanding ol the accounts lo be reached. Klrtl Patel Chartered Management Accountant Kirt & Co Accounlanls 60 Hlnckley Road Lelcest8r cimA PRACTISING CERTIFICATE HOLDER Date..........