Registered Charity No 227177 GPM Charitable Trust Accounts 31 March 2024
GPM Charltablg Trust Report and accounts Contents P•9• Report of the trustees Stat6m8nl of flnanclal aelivilies 1&2 Balance sh901 Notes to the financi81 slatements
GPM Charltable Trust Registered ChaTIty No. 227177 Report of the Trusts9$ Fln•rt¢l•l y•Jr 31 March 2024 Tho charW4 prtnclpal address b: K¢ith Keys 43 Spriggs Clo Clapham Badford MK418GD Th• ¢harltytnJ¥t••s during th• y•ar w•r•: Mr D Brown- Choir Ms L Milk•r-V¢e8 Chaii M$ R Mooney- Troa$urr Mi G D Beaver Mrs C Gamer Mr M F4ka MfRMoo Th• tru•t••• •r• •ppolnt•d by r••olutlon ofth• tru•t•• boty. S8crai•ry Mr K Key8 Bankofs Tho ¢wperoUvo Bank Inv85trn8nt AdvwB SarA8in & Pathers The obi8cI of lh8 chaity is th• rali8f ol p8ryon5 and Ih8ir d8P8ndan15 who gre In ne8d, hardship or Is¢rS orwho are 81ck, conv81oscenr, dl88bled w Infirm #rtd who Brq Cf have b88n employed In thè grnphic81, p8pw and mgdia Ir8d8s. Tha Irusieès may r8ll•vè thosè •llglbkn fry asskstsnce by makln9 9rafits of mory. provldin9 or PanI fw good$. sèNbc•$ or f8¢lliliè#.' or making gran¢8 to olhw pgr60n¥ or bodle$ who pr1 goods. servkes orfaoli&s to Ihos8 elwjiblg lor 8881¥tsn. Publl¢ bengfflt The bNs¢ees confimi Ihey have g)rnplied regard6 to th8 Chorhty CommLstsk)nts 9¢ner81 gUKlan¢¢ on public benefit and the aclivlles TrIed out by the Charity durry Ihe arWor• 8M undertaken In ordei lo further the ¢harfWs alms for beneficlaries. The l• ? delaited ey918nab of the activitles eamod ojt dljrfng th8 r tsndèr r•vl•w Jnd xlMI"•8 for thg ygar. 8tatsrnon¢ oflw$lats rg$ponsibillti Law applicable to chafiles In England and Walos requir85 th8 trust885 lo prepEf8 financl81 sta19ffnts for eAch fin8ncl81 ye3r whlch glve a Inje and falrvlew of the clwrftys financkal aetiv10s during Ihe year and of 51$ financial PO1)n 81 Ihe end of Ihe year. In preparing finana?1 81gnwnts glvln9 a le and falr viow, Iha trusts should foll¢)w b&si pr8dea and.. S81ect suttabJ8 accrAJnlng pollc18s and th8n applythem consistenty. Make judpments and Wdbmatwd that r¥asonabltr and prudent. Slaiè whetherapplIcab accounb.ng stand¥S arwj slaiemttnts of teccxnmendÈd pra¢ts have beg fdlowed. 8ubJecito any departures dlscl)s8d and exptsined in th8 financial stslemenls lunisrnor8t8d Prapar& the finAndal slatement6 on Iha golng concom ba$1¥ it is in•ppropriatg to pre$Un Ihat the charftywlll COnnUe buslness
GPM Charltable Trust R•gi8t•red Charlty No. 227177 Report of tha Truste•$ Icontlnued) RovSw¥ and #ctlvltlos forthe y•ar DuAt¥J y88r1he charlty wn¢tfour Ilmes to consklgr applicab.ofts 7th tha objqthos of th8 charity. to reviawthe finandal strategy of the charity and the on9tsng and fubJr• acUvlti8s of the charty. The trustw have conlb)ued to promote the otyects of the Charity through org8rtlzaUons connoct•d wlth graphical. paper and mèdia industriès. Tho thBrity8w8rded 14 gr¥nts towting £8.79512023- 6 grants £3,T891. Thg SUFplus for Ihe year was £8.285 {2023 £10,323). TIM¥ is duo lo grants woylded We being hlgh and no grant was aw8rd•d io charfty durlng the year. R•••rv•• pollGy Th• ¢h•nty has s•t up *n investmant Tèwrve to help to provlde Ihe ne¢•0ry grants and donatt.ons In 8cCordance1h its objerts. Sarasin & Partners ar8 8ppolnted inveslmeni advi8erg. th• non-cash Inv•¥trnents 81• Managed under 8 Dlscr•tiongry MareMan1 Sgrvico. l# a¢cordanc6 wjlh tho Slaternenl of Investment Prin¢1p1. Sarasln rwrls regularty to the Tru$l•es. Tho market value olthg Investrnants •tthe end of 31 M8rch 2024 were £929,894131 March 2023 £861.5271. Th8 value of invgstmgnts rnanage¢J by Sgragin has increased In value by £88.367. From 2022 due ¢0 Russra.Ukr8lne Gonfllct the Invlments h•v& underp•rtomied and fulur• economlc look¥ uncertaln to this conni¢L Th• cash balances hold 8t bank at 31 M8r¢h 2024 were £110.751131 March 2023 £102,482) which Is on incroas8 of £8.269. D•¢laratlon The trust8•s ve approv8d th& Truslee6' Report atove
GPM Charftable Trust Statement of Flnanclal ActNiti8S For the year end•d 31 March 2024 Unrestrictsd Fun¢ts 31.03.2024 31.03.2023 Incomln9 r01C Incomino r&8ources ffom gèn8raling hjnds IntÈr85t Income Investment Incom? Total In¢omlng r••ourceg 1.006 25.616 26.622 24,761 24.761 R•8ources expendwl Cost of gèn8rHling funds Investmènt management costs Dlr¢¢t ch8rltsbl8 eXpendIre Grgntg 8,79S 3.789 Gov•rnanc• $ts Adminlstr8tor Meetlngs expen$g$ Ae¢ounl8ncy and audlt f8*8 Olh•r 6xpèn$¢$ 6,478 210 61XJ 2,274 9,562 7,579 362 600 2.108 10.649 Total Re8oureè• Expended 18,357 14,438 N•t l•xpondedl rnsourc•$ forth• y•ar 8,265 10.323 Olh•r r•cognh•d g4ln• and IoM•• Net reallsed and unr•alised Ilojsesl Ig•ln$ ¢)n a88ets Not movamenl in funds Total fund at 1 Aprll 2023 Totsl lund at 31 March 2024 88,387 76,632 983.413 1.040,045 55.025 144.7021 1.(K)8,115 963,413
GPM Charitablg Trust Balanco Sh•gt as at 31 March 2024 31.03.2024 31.032023 Curr•nt ass•t8 Inve8tments Cash Bt bank 929,894 f 10,751 1.040,645 861.527 102.486 964.013 Current liabililies cdItOr8 600 Nel curronl 1.040,045 963.413 963,413 R¢pfo8ent¢d ty. Fund- unre¥thcted 983,413 819n•d by: io
GPM ChaTitable Trust N¢)te$ to the Flnanclal Statements For tho year •nd•d 31 March 2024 I. Accc*untlng pollci•8 8osls of prBp8ratlon The flnandal statement$ h8v¢ bottn prep8red under the h1s1orl1 ¢051 convenljon 8part from Ihe valuation of Investments and in a¢eord•nce smth 8ppE1cae aecounting slandards. and In aecordance with SORP"Accounlkng and R9pOAg by Charflles.. 31.032024 31.03.2023 I Invostmonts Inv•stmgnls 81 market valu8 31 Mareh 2024 929,894 861 527 Investments at cost 31 2024 724,552 724,552
IndeNdent Examln•fs Report to the TNstees of th• GPM Charltable Trust I raport on the &c¥yJnts ol the Trustfoi the yearended 31 March 2024. vthich set out on pages 1to5. ResPO¢tlw rnspon$1blll•B of tN¥t•g8 •nd •xamln•r The chaTtys tW6tee8 arg r¢8pon8ibl8 forth8 pr•paralltsn oltha account6. The chaws trjstefjg onsider that an audlt Ss not requId for Ihls year under secucn 144 ot Ihe Chadues Act 2011 (the 2011 A¢tl and t1 aA indynd•nt •xomlnMtlon Is needed. It b my rasp)nslbS11ty to: •xamin• Ihe afxount8 uThYer sec1n 145 of lh8 2011 . to fdlow iho prct8dur8s laid do In the genèrdl DIrecUe8 gn by the Ch8rlty Cornml88ion under 14515llb} of the 2011 Act; and to st818 ¥thother paruculw mèttors have to my •ttenllon. Basls ot Indgpqnd•nt •xarnln•ff$ r•port My oxwnlnouon carrfod out Sn accord?nce th the gene1 Dlrgdons glvgn by the awrity Commlssbn. An examlnation Includtrs a mi•w ol th8 accountlng r8COTd8 kept by Ihe ¢harfty 8ThJ 8 comp8rt8on of the arnnts prèsènted those recordB. It also Includes con$tder8tion of any unusu81 Items or dIselosur In the accounts. and seeking explan8Uon$ from you 0$ trustèes ¢xJncemlro any such matters. The procedure5 undert¥k$n do Tr)1 provldo 811 the evldence th8¢ wovkl be requiréd in 8n xudli and coThsequentW no opinion Ss giv8n as lo whelher the b¢¢ounts prestni 8'tru¢ and fail view and the rewjrt Is Ilmited to those matters Set Jl In thè statèm1 ba. Ind•p•nd•nt exam18 $tatomgnt In conn•ctNin vthh myexamination, no rn8tter has comtr to my 8ttgnlbn: 111 olves m& rnasonable causo io b8lieve that In any materlal r8specilhe requirements- to koap accounlkng records In aordance vllh SlI9n 130 of the Charitie5 Act: and to prepare aCCnts which accord with th8 accounting r8(th5 aj (yjmply bTrith th8 accwnting r•qulrernents ol the Charities Acl ha not ts8gn maL or 121 to thlch. In my oplnlon, attenuon should b8 drown In crfd8rlo enBbla 8 prop8r undws18ndlng ol th8 aeetyjnts lo be aChed. •Flnanc• Chart•r•d Accountants & Buslng$¥ Advl¥gT¥ 60 Hlnckloy Road Leleetstsr LE3 ORB 12th Augu#t 2W