Charity Registration No. 261963 THE GOODENOUGH CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE GOODENOUGH CHARITABLE TRUST CONTENTS Trustees, report Independent examine¢s reFh)rt Statement of financial xliwlies ealance sheet Notes to the financial slatements
THE GOODENOUGH CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORIAATION TN8tses MrGHW&iffith Mr M R G Painter Miss J M Bolt( Charlty Numb•r 261963 Indep•ndent •xamln•r Julie LOrish B A (Hons) ACkiA JAL Accountanty Servtes 41 Imham Ro*J Sutton Coldfieid West Midlands 874 2TQ Inve•tment advl80rn Brewin Dolphin Ltd 9 Colmore Row Birmingham 83 28J
THE GOODENOUGH CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2025 The trustees present their report and finanryal statements for tho year WKled S April 2025. The financial statements have been prepared in aCcdarKe wth Ihe accountin9 pdici8s sel out in nce 1 to the financial statements and comply with the Charitys goveming document, the Charrties Ad 2011 and "Accounting and ReF#)rting by Charities.. Ststement of Recommended Prxts'ce applicable to charities preparing their accounts in accordance with ts FinarKial Repoiting SIwKlard appIable in the UK and Republic of Iland IFRS 102) {effectNe 1 jUry 2019)". Objectlves and actlvltles The Charity's objects are lo disburse the income received by charilable trust from ifs investments. to other charitable organisations and goc4J causes in accordance with the trust established by Mr R H GLenough during his lifetime and supplomented by Mrs N F M Broom by the instruclions in her will. The policies adopted in furtherance of these obp&s ate for the trustees to hold meetings tsmce 8 year. aciual or virtual at the present time. with the purpose of alkKing all available income for distribution and there has been r change in these during the year. Tr trustees also make interim distributions at thwr discretion. The tru$tee$ have paid due regard to guidarte issued by Charity Commission in daciding what activities the Charity should undertake. The charity dces not cary on any activities itsdf but insteal makes grants to other charitable institutions within the guidelines laid dth¥n by Mrs N F M during her lifetime. hlwomonts and porfoman¢• All of the net income received in the year is nomally distritwted via grants to 0r charitable institutions or is held pending distribution in the followng financial y. Flnanclal revl The results of the charitable trust are induded in the statement of financial acts'vities. on page 4 of the The trustees have assessed the major risks io %*hich Ihe Charity is exFK)sed. and are satisfied that systems are in place to mitigate exp)sure to the maicrf risks and accordingty have instructed the Investment Managers who control all of the funds held by the CharitatrAe Trust StN¢turè. governan¢o and managèment The Charity vrds established by a charitsble trust deed on 17th Nornber 1970. The trustees who served during the year ar up to the date of sTrgnature of thè financial statwnents were. Mr G H W Griffith Mr M R G Painter Mrs J M Turner (nee 8tonI New Injstees are appointed by mutual agreement of Ihe existing tntstees.
THE GOODENOUGH CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 The are three trustee$ 11 ofvthK* have to countersign any cheques issued. The charitable trust had Tr3 related party iran&3ctions duriry the year. As specified by Mrs N.F.M. BrocKfi, the forrrer Life TenanL all professKinal wsts are to be charged against the Caprtai Fund of the Charitable Trust The trustees, rerwyt was approv&J * the Boaid of Trustees on 28 October 2025. MrGH Dated.... Griffi
THE GOODENOUGH CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GOODENOUGH CHARITABLE TRUST I report to the trustees on my examination of the financial statements of The GooderU9h Charitable Trust (the Charity) for the year ended S Aw"12025. Re•pon8lbllftl•8 and ba818 of report the trustees of the Charity you are reSpOnble for the preparatk)n of the financial statements in a¢¢ordan¢• with Ihe requiroments of the Chafilies Act 2011 {the 2011 Act). I report in respect of my examination of the fin3n¢ial 31atements ¢arried out under section 145 of the 2011 Acl. In carrying out my examinat I have lol1ch•d all the apFAicable Directions given by the Chanty Commission under seclw)n 14515)(b) of the 2011 Act. Independent examlnerfs Statement Your attention is drawn to the fact that the ¢harity has prepared financkql sL9tetyts in accordance with Accounting and Reporting by Charities prepariry their accounts in accordance *ryth the Financial Reporting Stsndard applicable in the UK and Re1¢ of Ireland {FRS 102) in pRferen¢e lo the Accounting and Reporting by Charrties". Stslement of Re¢x)mmended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdravm. l understand that this has been done in order for ffflancial stateffffits to provide a true and fair view in accordance with Generally Accepted Accounting Practice effectrve for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confitm that rm) matters have come to my attention in connoction wilh the examination giving me cause to bdieve thal in any material respect. 1. acwunting records yre not kept in respect of the Charity as required by seGtion 130 ofthe 2011 Act; or 2. the financial statements do not accord with those records: or 3. the financial statements do not comply wilh the apr4ble requirements ¢onceming the form and content of accounls set out in the Charities Act {Accounts and Reports) Regulations 2008 other than any requifemenl that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection vth the examination to which attention should be drawn in this reF4)rt in (xder to enable a proper underslanding of the financial statements to be Rached. Julie Lickorish JAL Accountancy Services 41 Irnham Road Sutton COldfld West Midlands 874 2TQ Dated..
THE GOODENOUGH CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2025 8•nk& Incom• lund• 2025 Total Bank& In¢om• fimd• 2024 Capltsl fund• 2024 Totsl 2025 2025 2024 Incom• fram: Investnts £49.933 £9).613 £50,613 Other income Totsi I0me £0 £SO.613 £49.933 £49.933 £50.613 ExndItr6 on: R8lsing funds £8,507 £8.XJ7 £8.251 £8.2S1 Charilable £67,275 £67275 £29.998 £29.998 Govemance cosls £8.370 £8.370 Grant in m•NKiry ol TnJ$lee El8inè Mounttord 10 Total resource8 oxp•ndod £67275 £1&877 £86.152 £11,931 £41.W29 Add Net gainsllbssesl Investments 35.531 -£35.531 £40.529 £40,529 Not mov•m•nt In fund• 17.342 -£71.750 £20.815 £49,213 Fund balances at 6 April 2024 Ailjuslments betsveen incorne and capital accounts £27. £1.222.766 £1.29).466 £6.815 £1,194.438 £1,201,253 £0 £270 -£270 £0 Fund bal•nc¢s •t 5 Aprfl 2025 £10,289 £1.168.447 t1.178,716 £27,7CQ £1.222,766 £1.250.4e6 The 5tatemgnt ol finanoal activrties in(kth$ 1 1n$ •KI k)5595 recoJnwJ n the r. All and exwdifure dee frn ccthJirvJ acvitM.
THE GOODENOUGH CHARITABLE TRUST BALANCE SHEEr AS AT 5 APRIL 2025 2025 2024 Flxed 088•1s Investment Portfolio per Brewin Dolphin as at 5 Awil 2025 Capital Cash Account per Brewin t)olphin as al 5 Aw'l 2025 1168361 1221969 797 1168447 1222766 Currnnt assets Capital Income Account Cash al l>ank Natwest 10269 10269 27700 27700 Creditors amount8 falllng due wtthin on• year Nel current assets 10269 2770C Total assets le88 curr•nt Ilabllttlos 1178716 125046 Caphal funds Trust Capitsl Account Capital Income Account 1168361 1221969 797 1168447 122276f Incoffl• funds Cash at bank Naiwest 10269 1178716 2770( 125046f The ncial state nts approved theTrustee50n ..............-. .... . . . MrGHW Tw8t
THE GOODENOUGH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 1 Ae¢ounllng polkle¥ Charlty Infomiatlon The Gcen0h Charbtable Trust 1$ an unino)rpcKated charlty Wistered by trust deed daied 17th November 1970. 1.1 Accounllng conv•nllon The finan¢ial $tatements have been prepared in accordance th the Charitys Trust Deod, the Charities Act 2011 and "Accounting and Rewrtin9 by Chanties: Ststement of Rerxjmmended Practice applicable to charities preparing their xcounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland {FRS 102) (effective 1 January 20191". The Charity is a Public B8nefft Entity as defined by FRS 102. The Charity has taken advant4e of th8 provisMs in the SORP lor charilies apF4yirvJ FRS 102 Update Bulleb'n 1 not to prepare a Statement of Cash The financial statement$ have departed from the Charities (Accounts and Reports) Regulations 2008 only to thé extent required to provide a true aThJ fair viert. This departure has involved following the Statement of Recommended praCte tharities apptying FRS 102 rather than the Verni of the Stalement of Recommended Practice *thich is referred to in Regulations but which has sin been withdrwi. The financial statements are prepared in sterling. vknich is the funclional Curren of the Charity. Monetary amounts in Ihese financial statements are rounded to Ihe nearest £. The financial slatéments have been prepar under historical o)st convention, aThJ the fixed assels consist of an investrnent p)rtldio manw by Brewin Dolphin Ltd and cash. The prirtipal accounting policies adopbj are set oth bekm. 12 Golng con¢om At the time of approving th? financial statements. Ihe tfustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Iru$tees continue to adopt the going Concem bas¢s of a¢wuntirvJ in preparing the finanGial statements. 1.3 Charltable fund• All fund$ are available for use at the discretb)n of Ihe trustees in fvrtherance of their charitable objectives. The Cawtal Fund was established and maintsined in wilh the crfiginal Trust Deed. Investhient magement fees and govemance costs are alkxated to the Cawtsl Fund in accordance with the Trust Deed. 1 A Income All inmne is 18cognised by the charty on recwpt of the MthlY income managed by Brewin Dolphin Ltd.
THE GOODENOUGH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 1 Ace¢)uthtlng polklos {Contlnu•dl 1.6 Expendlturg l expenditu 1$ accounted for on an accruals basis. Gfanlg payable are payments to Ihird parties in the fu[1herae of the Chailab objects of the Trust. 1.6 Flxtd asset Invtstmonts The investment portfolio value, as manapd by Brvthryn DcAFkn Ltd. carKJes in fair value 8$ recognised in nel incomel(expenditwel for the year. TrnnSad CA)StS are experwd as incurned and charged to Capital. 1.7 Ca8h and cash •qulval•nts Cash ¢•th eqLMvalents in¢lLhJ¢ cash in hand aThJ depo&ts hekl al call wilh banks. 1.8 Flnanclal Instruments The Charity has dected to apply the provisions of seckn.on 11 '8asic Financaal Instrument$. and S¢ctity1 12 '0ther Finanthd Inslftments Issues, of FRS 102 to all of its financial instruments. Bask financlal assets Basic financial assets. which irKAude cash and tonk balrn vUes stated as at th8 end of the finanaal year. 9•¢ finan¢lal liabllltlos Basic finanaal liabiltiies, induding credit$ we sted as at th8 end of the [cial year. The Vrngemenl constitutes a financir¥J transaGkn. the dèbt instrument is measured at the psent value of the future receipts dOunted al a market rale of intw8sL FinKxal liabilitie8 classified as payable wthin one year we not amortised. 2 Inv•stmtrnts Bank & Incom• funds Bank & Income funds 2024 Income from listed investments 55.813 50,613 J Rahlng Funds 2025 2024 Investrnerrt Mar¥Jennt fees paid tr C¥tal Fund 8.507 8,251 4 Chatable actlvltles Grant maklng 2026 Grnnt m•klng 2024 Grant lunding of actiwlies (see note 5> 68.525 29,998 68.525 29.998
THE GOODENOUGH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEpifs ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 6 Grants payabl• Grant m•king 2024 making 202S Grants to Charrtable in8tituliM$ 68.525 29,998 Please the Fetary 2024 tha¢ be indudgd in tho kcounts the Accounts for Ihe year entjed 5 April 2024 was ddayed and made in May 2024 because ofthe death oftho Tntstee Ene matford. T1vefte Ilwe iJstit>uDon in A¢c4>unt$. 6 Govwn•n¢• co•ts 2024 Independent Examinws Fe Tfustee eypenges (inc4ude$ the sts ol new trustee apPtt). 1.530 6,840 8.370 1,530 6,840 8.370 1.380 2,300 3,680 1.380 2.300 3,680 Ao>)untsn¢y in¢fvJdes £1.530 ¥K1•Pen eXaMW fees for 202412023: £1.3801 vthich were poid in Ihe year from ¢2wtal. The irKlepend8nt examin8rfe85 for 2025 ¥&ill £1.680 and will be paid during 2025126 from 1X1. Trustees give freely of their tim8 and expertise witlth remureration. Expen$o$ and 88ty0tsrial tees in the year totalled £6.250 {2024.. £2,300). Please the expenses 2025 irde those that were d•Layed in 2024 b8¢8use of Elaine mtIor(r$ ill I1th and p85$ing. 8 Employ••8 Thwe wwe no employees the . Capltsl InGomg A¢¢ount The Capal iictyme aoUnt is hèld as part of Chartiable Tnjsfs hong *Yih Brthyin Oolphin Ltd. 10 In Momory Of Fomior Trte• The Trustees made a donation of £2.(W to cniSh Hospvs in of Ekire Mountford, a long Sorving Trusteo. This was. by 0greThnL made from capllal. 11 Capital Account AdJuth•nts Broker fees and Trustees expenses for 2025r26 ¥11 be transferfod durirKJ the year. The independent minars fees are paid In the yearof inv¢xce li arrears.