Charfty rnglstration number 288402 company rgglstratlon number 01743492 (England and Wales) THE GORDON CARLING FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE GORDON CARLING FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr C Volsey Mrs A Widger Mrs 8 Gill MS L Ellis Mr R A Bishop ChaTIty number 288402 Company numbèr 01743492 Registered office 30 Fore Street Toines Devon TQ9 5RP Independent examlner Mr J Milden FCCA Quay House Quay Road Newton Abbot Devon TQ12 2BU Bankers Lloyds TSB 65167 Fore Street Kingsbridge Devon TQ7 1PN Solicitors Beers 29 Fore Street Kingsbridge Devon TQ7 1AA THE GORDON CARLING FOUNDATION CONTENTS Page Trustees, report Independent examinerfs report statement of financial actiwlies Balance sheet Notes to the financAal statements 7-15 THE GORDON CARLING FOUNDATION TRUSTEES. REPORT (INGLUDING DIRECTOR5. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report. together with the acLounts of the ¢h8ritable company for the year ended 31 March 2024. The accounts have been Pfepartrd in accordan￿ with the accounting policies set out in notè 1 to the ac¢ounls nd comply with the Charity's Memorandum & Articles of A58ocialion datèd 29 July 1983 and amended on 14 April 2003, 20 Seplernber 2004, 15 Junè 2009 and 17 July 2018, the Companies Act 2006 and Accounting and Reporting by Charities.. Stalernent of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective 1 January 20191. Obj¢¢tives and a¢tivltl&s Ob ectives and aims The objects of the Charity are to ensure that people with a Learning Disability liwng in South Devon have the opportunity to enjoy the widest possible independence and quality of life. This has beèn ènabled by providing safe and secure housing for their residents. who ale adulls with learning difficulties, in South Devon. The aim is to ensuie those who are supported Éo live as fulfilling lives as possible. This is done by offering appiopriale financial support to those in difficulties and by encouraging the provision of actNiities and educational opportunities to persons with learning difficullias rasident in South Devon. Due lo the Trustees coricem over ageing and an inability to recruit younger Tru51ees, all bul one of the Charity'5 propertie5 were gifted to Golden Lane Housing, a Gharitsble Community Benefit Society, in the year who will continue to LJ5e the propertie5 Wlthout change. The Trustees remain committed to ensuring that people with a Learning dis8bilily living in South Devon have the wide51 possible independence and quality of life and will use the cash funds held for this purpose. Public benefit Thè Trustees have complied with their duly to have due regards lo thè guidance on public benefit published by The Charity Commission. The Charity fulfilled its duties in the year via the provision of housing support and financial support lo adults wlh learning difficultie5 in South Devon. Thèy review public benefits as part ol their aims and objective5 and planning lulure objectives. 11 is the intenb'on of the Trustees that the objects of the Charity are reassessed in the forthcomlng year Sn vlew of the transfer of the Charity's propert'es lo Golden Lane Housing. If appropriate they will be revised. Achievements and perfomance During the year the Charity provided accommodation for 25 rèsidents in 19 properties, including 6 units al Carling Court and 4 al Alta Vista until all bul one of Ihe properties were transferred. The care of residents was provided by Newkey and other provlders and The Gordon Carfing Foundats'on worked closely with them lo ensure that the need5 of our wlnerable residents were fully met. The Trustèés took particular care with the transfers lo ensure that all the future need5 and iequiremen15 of the residenls would be appropriatèly satisfiad. The Trustees, tenants and their lamilies, support staff would like to thank all at Golden Lane Housing for all the help, support and guidance wilh the transfer of the propertie5 and the Trustees of the Charity are all agreed that we have made the right decision to transfer them to Golden Lane Housing which will ensure that a safè and secure future for all our lertants will continue with them a5 11 ha5 been over the last 40 years with The Gordon Carfing Foundation. One property is still owned and il 15 the intention is il is sold in the Current year. THE GORDON CARLING FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review There was a deficit of incotne over expendiiure for the year of £2,668,614 (surplus of 2023= £143,520). The large deficit in nel income refflects the gifting of properties to Golden Lane Housing with the only consideration being lund5 to settle the outstanding mortgages. The Charity doe5 not cary out fundraising activities. Reserves Policy The Trustees have established a policy whereby the unrestricted funds not commilled or invested in tangible fixed assets I'the free reserves) held by the Charity should represent 3 months, charitable expenditur@. Al this level, the management Committee considered that they would be able lo continue the current actNities of the Charity in the event of a significant drop in funding. The majority of funding came from rental ol various properties, and the Trustees fell that the risk that all income eeased would be unlikely and therefore the Charity was able lo service il's liabilities and the level of resetves was suffiaenl to enable conlinualion of the d)arilable activities. Following the gifting of the properties lo Golden Lane Housing. the policy has become redundant and reserves ar& available for expenditure as the Trustees See fit. The free reserves of the Charity al 31 March 2024 were £447,382 (2023.. £358,474). Plans for future periods Thè Charity remains in a vèry strong financial posltlon at the end of the financial year to 31&t March, 2024. The Trustees will continue to consider how best to use the remaining assets and as stsled la51 year we may need to change our constitution which is currently being ￿VIewed. Since the year end tha remwning property hekl has been vacated by the tenant and rnade ready for sale. Strueture. govemanté and m3nagnmont Constitution The Charitv 15 a company limitÈd by guarantea. r.hAritsJhlp rompany's M@morandurn Articl•s of Association frorn ils incorporation on 29 July 1983 as amended by the spe¢ial resolutions dated 14April 2003, 20 September 2004, 15 June 2009 and 17 July 2018 are the primary goveming documents ofthe Charity, The company registration number is 01743492. In the event of the charitable cornpany beino wound up every mefflber of the cornpany undertakes to Contribute such amount as may be required (not exGeeding £11 lo tho companls assets. The Goveming Document wa5 also updatèd on 8 December 20()5 following the change of name from South Hams Society for the Mentally Handicapped aftar disaffillalion frorn Mencap. 11 has also been updated and re- wrillen in accordance with the r&commendalions and approval of the Charity Commission, by SperAal Resolution. by the rnembers al the Annual Ganeral Meeting 20 July 2009. The Tru51ees. wh) are also the directors for the purpose of company18w, and who seNed during the year and up to the dale of signature of the financial statements were-. Mr C Voisey Mrs A WKlger Mrs B Gill s L Ellis Mr R A Bishop THE GORDON CARLING FOUNDATION TRUSTEES. REPQRT {INGLUDING DIREGTORS. REPORT) (GONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Recruitment and a oinlmenl of new Trustees The mernbers carry out the election of the officers and committee member5 81 the Annual General Meeting. Nominations are made in writing and delivered to the secretary. Each nomination musl be proposed and seconded by a voting member of the Association and accompanied by the writtèn consènt of thè nomin£a. Naw Trustees are Inducted Into the workings ol the Charity through a Garefully olganised induGtion programme and once appointed during me&lings held on a regular basis. All Tru51ees have attended appropriatè Iiaining org8nised locally. Or anisalional structure Full ra5pon5ibilily for the running of the Charity is vested in Trustee5 who by reason of the incorporation of the Charity are also diiectois of the Cornpany. The Company is limited by guarantee and does not have share capital. The Memorandum of Association precludes the TiusteeslDirector3 from receiwng any remuneration or benefits. The Trustees met for busines5 rneelings three limes in the year. Risk mana ement The Trustees have a (luty lo identify 8nd review the risks to which the Charity 15 exposed lo ensure appropriate controls are in pla￿ to provide reasonable assurance against fraud and error. The Trustèes have conducted their own rewew of the major risks lo which the Charity is exposed and systems have been established lo miligale those risks. Internal risk5 are rninimised by the implemenlalion of procedures for the authorisation of all transactions and lo ensure Consistent quality of delivery for all operational aspeels of the Charity. These procedures are periodically reviewed to ensure that they still meet the needs of the Charity. The key controls used by thè Charity include.. -Formal agendas for all CorThrnittee and Board meetings., -Cornprehensive stiategic planning. budgeting and management accounting., -Estsblished organisalional Structure and lines of feporting., -clear aulhorisalion and approval levels. The Trustees re￿gnISe thal systems can On￿ provide reasonable but not absolute assurance th81 major risks have been adequately managed. This report has been prepared in accoidance with the special provisions relating lo small companies within Part 15 oflhe Companies Act 2006. The Tru51 rtwasap veij by the Board of Trusiees. a5 company (IlrectQTS slgned on Its behalf by- Mr A Blshop Trustee THE GORDON CARLING FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GORDON CARLING FOUNDATION I report to the Trustees on my examination of the financial statements of The Gordon Carling Foundation Ith8 charbtable company) for the year ended 31 March 2024. Respon$lb11511es and basis of report As the Trustees of the charitable company land also its directors for the purposes of company lawl ytsu are responsible for the preparation of the financial slalemenls in accordance with the requiremènts of the Corllpanies Act 2006 Ilhe 2006 Act). Having satisfied myself that thè financial 51alernents of the charitable company are not required lo be a￿dited under Part 16 of the 2006 Act and are eligible for indapendenl examination, I report in respect of my examination of the charitable Company's financial 51alernenls carried out under section 145 of the Charities Act 2011 (the 2011 Act). In ¢arrying out my examination I have followèd all the applicable Directions given by the Charity Commi55ion under section 145{Sllbl of the 2011 Act. Ind8pend•nt examiner's statement I have completèd rny examination. l eonfimi that no matter5 have come to my attention in connedion with the examination giving me cause lo believa that in any material rèspect.. accounting ￿cOrdS were not kept in respect of the charitable company as required by section 386 of the 21XJ6 Act., or the financial stalements do not accord with those records., or the financial statements do not comply with the accounting requ1￿mentS of section 396 of the 20(￿ Act other than any requiremènt that the accounts give a true and fair v￿W which is not 8 matter Considered as part of an in(lependenl examination,. or the finanrial statements have not been pr&p3ied in accordance with the methods and prinaples ol the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financ4al Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concams and have come across no other matters in ¢onnection with the examination lo whKh attention should bo drawn in this report in order to enable a proper understanding of the financial slalements lo be reachad. ason Milden FCCA Quay House Quay Road Ne￿on AbDtst Devon T012 2BU THE GORDON CARLING FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARGH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted funds 2023 Restricted funds 2023 Total 2024 2023 Nots$ Income from: Charitable activitie5 Investments Other income 108,942 1,857 7,161 108,942 1,857 7,161 246,692 246,692 6,785 6.785 Total income 117,960 117,960 253,477 253,477 Expènditure on: Charitable activities 56,982 56.982 109,957 109.957 Grfting of properts'es to Golden Lane Housing 2,729,792 2,729.792 Totsl rèsourcas expended 2,786,774 2,786.774 109,957 109,957 Net loutgoin91finGoming resources before transfèrs Gr055 tran5fer5 between fund5 12,668,814) 12,668.8141 143,S20 143,520 35,530 135,5301 NEI IvxpeiidlturellliiG(biii¢ foi the yearl Nat movement in funds 12,633,284) (35,5301 {2,668,8141 143,520 143.520 Fund batances al 1 April 2023 3,15Q,885 35,530 3,186,415 3,007,365 35,530 3.042.895 Fund balance5 at 31 March 2024 517,601 517,601 3.150,885 35,530 3,186,415 The slaternenl of financial 8clivilies also complies with Ihe Tequirements for an Income and expenditure account under the Companies A¢t 2006. THE GORDON CARLING FOUNDATION BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed asg•ts Tangible assets 11 70,219 3,192.469 Current assèts Debtors Cash at bank and in hand 12 3.507 453,216 15,054 387,844 456,723 402,898 Creditors: amounts falllng due within one year 14 19.3411 129,379) Nel current assets 447,382 373,519 Total assets l¢s$ current liabllities 517,601 3,565,988 Cr8ditors- amounts falllng due after more than one yéar 15 1379.573> Net assets 517,601 3,186,415 Income funds Restricted funds Unrestricted lund5 18 35.530 3.150,885 517,601 517,601 3.188,415 The company is entitled to the exemption from the audit requirement contained in section 477 of thè Companie5 Acl 2006. for the year ended 31 Ma￿h 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 21J06 wrth respect lo accounting record5 and the pr¶tion of financial statements. The mernbeT has not required the company lo obtsln an audit of ils financlal stslements for the year in question in accordance with section 476. These financi81 ststemenls have been prepared in accordance with the provisions appllcable lo companies subje lo the small companies regime. The financAal statements were approved by the Trustees on ...2.3. .... . Mr A Bishop Tru$tee Company Reglstratlon No. 01743492 THE GORDON CARLING FOUNDATION NOTES TO THE FINANGIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charity information The Gordon Cading Foundation is a private company lirniled by guarantee incorporated in England and Wales. The registered office is 30 Fore Street, Totnes, Devon, Ta9 SRP. 1.1 Accounting eonventlon The financial slalemenls of thè Charity have been prepared in accordancè with the Charity's Memorandum and Articles of Assoc4ation, the Cotnpanies A¢t 2006 and "Accounting and Reporting by Charities.. Statement of Recommended PractiTr applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) lelfective 1 January 2019)" The charitable company is a Public Benefit Entity as defined by FRS 102. The Charity has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update Bijllètin 1 not to prepare a Slalemenl of Cash Flows. The finan¢ial sta(ements are prepared in sterling, which is thè funcbonal currencm of the company. Monetary amounts in these financial slalemenls are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal a￿OuntIng pL)li¢ies adopted are set out below. 1.2 Going concem At the lime of approving the finanaal stalemenls, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for (he foreseeable future. Thus the Trustees continue to adopt U)e going ¢on¢ern basis of accounting in preparing the accounts. 1.3 Charltable funds Unrestricted funds arè available for use at the discretion of the Trustees in furthèrance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specfflc Cond￿'0n$ by donors or grantors as to how they may be used. The purposes and uses of the r@strieted fvnds are set out in the notes lo the financial slalemenls. 1.4 Income Income is recognised when the Charity is legally ents'lled Its it after any performance condibons have been met. the amounis can be measured ieliably. and it Is piubablE Ili