The Good Luck Charitable Trust Registsred Charity number 803744 Annual Report and Financial Statements for the year ended 5 April 2022
THE GOOD LUCK CHARITABLE TRUST Contents Year ended S April 2022 Page Report of the Tntstees Indepondgnt Exaninerfs Rewt Stalanenl d FinarKial Activiigs Balance Sheet Notes to the Accounts 9-15
THE GOOD LUCK CHARrrABLE TRUST Report of the Truslees lor the year to S April 2022 Date of settlement: 20 March 1 Also known as: Mrs M E J Webber Clwitatle Setlwnent Charity nUer. 803744 Setllor: Mrs Margaret 8izaLth Wetkr IcAIoviThJ amounts have been added to the settlement.. 23 Septber 1997 £50,C 11 De(£mtr 1997 £14,935 12 Arxil 2(KKJ £776 Lucent Tech Inc share8 2 April 2Crf)2 7 May 2015 Imrs E A Brougham) £10,000 9 June 2015 £150,000 10June %)15 19,CKM) Tr European Inv Tr Ord 25p 29 March 2017 2.0(Kl Electra Private Equity 25p Ord 29 March 2017 6.OC4J Diageo 28 1011108p Ord 29 March 2017 43.CMY) Fiddty speci Vdu8s 5p Ord 5 April 2017 Imrs M E J Webter} £160.000 5 April 2017 (Mrs M E J WebLw) £322.488 2,(X)O shares in Electra Privata Equty Ord 25p shares, 6,¢ ares in Diageo Ord 28p 1011108p ar8s and 43,0(X) shafes in Fidelity Values Ord 5p shares 28 August 2018 (Mrs M E J Webberl £400,233 28 ALWSt %118 (Mrs M E J Webberl £115.174 3 January 2019 Imrs M E J Webberl £30.¢)00 2 Octotr 2020 (Mrs M E J Webberl 6,561.68 shares in &'llie Grfford CeT$8a$ Growth Fund Class B American Fund Income Unrts 22 March 2022 M E J Webtwl 12.419.871 shares in Billie Grfford Cfverseas Growth Fund Class B American Fund InCle Unrts and 232.89 tares in Sehroders Investment Management (LuXboU[g) S.A Govemin9 Document: Trust Deed Objects: The Trua&S have the pw to aprdy all th8 income and all or part rA the caprtal for any charit8 rMJrpo vthich the Tnjstees COnder to provid8 9fant 1. The levd of rem$ the charity investrnent porttolio is congdered a key P8rformance inthcator for Ihe trusl. Obtaining retums from the tx)rttolio wll 8nable the Trnstees to C4)ntir¥Je lo prov¥Je ca)arilaUe grants.
THE GOOD LUCK CHARrrABLE TRUST Report of the Trustees lor the year to 5 April 2022 (continued) Activities and Achievements." The charity attd tr)tJ inv8slm8nt inccffie of £53,111 in 2022 12021 . £50.0181. The charity recEived £318.750 in dtsnab.ons in 2022121 - £125.(KX)l. Total grants to insbtulis in the yw totaled £,(jJ)I2o2l . £49,o)01. DuriTh) treyear afurttrr .018¥•5 inve#ed into the tharity's investment pofttdio. The charity attned proceeds of £46,584 fr¢xn the sale of irNestments %bithin ts portlc4io in 2022. Overall th thori$ irwesknents Ireasad in vdue by £375,182 in 2022 {3)21- £&S7.381). YOent fvnds al the year-eTrJ w8£2,547.56712021 . £2.172.3851. Public Bwfrt Statne. The trustees conffinn they have r8lerr8d to the gLtidance in the Charity Commission's general gUIdar on rAJblic benelit reviewng the charity objectives ar aclivilies ar in plafiniThJ future actsv5tigs. 11 is the judgement of trustees that activibes in pursuit d th8 overall objectives lully meet the wtAic bwffit lea ¥knith tsy have kept in mirKI in operational anTn9.
THE GOOD LUCK CHARITABLETAUST Report of the Trustee5 for the year to 5 April 2022 {continued) Trustees: Mrs M E J Webber Mr J A W Webter Mr M D R ShaeY Principal Address: 1 ng'S kns Ywd Lrth. EC2FI 7AF Trustees Selection Method: E$tIng Truste8s have FX)VEr to a(Ant tnjslees. Appointment and tralning ot Trustees: Thwe are no plans io apwint lurttrTnJstees. No lomial traning is gven lo new Trustees Lxrt tlw are briefed thortxjghly as to the charity's activiti0& All expendilure is fdly apprcNed by Ihe Lx)ard of Twstees Ore IHng undertaken. Investmem Advisors: Alder Irr4estsnwt manag• Limfted 1 knng's Amis Y¥d LorKkn, EC2R 7AF A¢¢ountsnts: Alder Asset Management rnited 1 bQng's kns Yard London, EC2R 7AF Independent Examiners: Piic BleY LLP 24 Old Bor¥J Street W1S4AP Aeserves Policy: The Trustees distribLrte m840rity of the investr)ent income during the year. On (Kcasions Ihe trUee$ %bill reduce the ove1 fvnd onc8 th8 income has exhausted for th8 year lorfurther thstribul1cs. At 5 April 2022 total feserves rre £2.705.17012021 £2.273,9311. Going nceM. The trustees have reviewed the cJJrrent financ4al headroom as well as expected future cash IIcp•4s and tdieve Ihe charity can conlinue lor ai least 12 mcxiths frcffl the date of sgrNng d these finan(ial stalemenls. No further (lisdosures rdatiTrJ to the trusts abilty to contr.nue as a gng concem need to be made in the fina stalements. Grant Making Policy: TAteeS Int dSlOn. Investments Selection Policy. A balad retum fr(m) inc¢y))e and caFMtal grcmth. Risk managemenL' The Trustee5 have ex•nined tl)e priTh>p areas of the charity's operations and o)nsder&J tIE m84or risks faced in each of those areas. In the opinion of the Trustees charity has establish8d th8 r8soure8s and review systems vkn'th. uThler nomial carcstances, shcJd dlow these risks to be mitigated to an acceptatle levd in its day to day operations.
THE GOOD LUCK CHARrfABLE TRUST Report of the Trustees for the year to 5 April 2022 (continued) Key risks". Thg rripal fisks faced by the charity are finarlat risks conceming the loss of InCe (kje lo a lall in maets out th8 vaue of investments. The Trustees are content that these risks are managed as the tharity has irwesled in avaried and ijvergfied portfolio. Plans for th• luture: The Trustees Flar lor the future are to continue lo apply all of the irNestment ifKune and th)nation incfflie is ne8Yed for any aritatAe wrrmxe. lThestsnenl )rtf10 rfOrniance is a key factor in th8 extant crf grants that tha charity w1 thStritrrte to ellaeS in future years. Accounts: The Trustees a resp¢mL4e for pwring the Trustees. Report and th8 tinancid statements in accordance th appliCae law and United KirrfJ¢knn ALxounb"ThJ Standards ILlwted lfjngdom Generally Accepted AtINj Pra¢Xi¢el. The law apylicable lo charities in England & Wdes reqleS the trustees to prepare finarK1 statwnents frx each financid year vthich gave a inje a1 fair view ol the stale ol allrS of the Charity and of the inccfflirrfJ regjurces of the charity fcy that ri1. In KepariThJ these linaThial statem8nts, the Trustees are required lo: Select suita8 accounting pclicies aThJ COTrsiSleny. Observe the methods and pnrriples in the Charrlies SORP FRS11Y212019): Make jLdgements and estimates that are reaSone aThl prudent,. state ether applicable UK AccountiThJ Standards have Idlo%%ed. gjbiecl to any material departures dIlOSed and explaned in the financid slatements: Prepare the linanud statents on the c(Yttm basis unless it is inappropriate to presume that the wll cffltinue in rati(. The Trustees are reSpse for keeping acccwthiNJ rTrI$ that dIO$e rea9)nae aecuracy at any time the finanaal pL)SIb"¢ of chaitty and enae Ihwn lo enwre that ts finanaal statnentS comF4y wih the Chariies Act 2011, ts Chanty {Accourrts R8POrts} regulations 2008 ar*J trust deed. They are also resFK)nsitAe fix saleguardir¥J the assets of the charity and he lor lakn"rwJ responsi1e sleps lor the prevention arKI detec11c of fraud otsr irregLlarths. This rert Wds approved by the T1$t98$ aNI is gned on tthalt crf thun ty. Mr D R Shapley
THE GOOD LUCK CHARITABLE TRUST Independenl Examiner's Report I rgport to the charity Trustees on my examination of a£InIS cl the charity for the year eThJed 5 April 2022 which are set out on pages 7 10 15. Responsibilities and basis of report As the Chari$ Trustees you are re$Fon%¢ for the iryaration d the Unts in xcordance the requirwnents of the ChaiiliesAct 2011 {Ihe hrf). I report in respect cl my exaninabon ( the charity's ojnts carri&J oul under section 145 of the Act and in Carrying ¢)ut my examination I have fdlow&J all ts aFWKatAe Chr&ti(xJs giv by the Charity Commission under seckn.on 14515llbl Act. Ind•p•nd•nt examln•rf8 statom•nt I have ccfflpleted my examination. I confimi that Th) material matters have ccTh8 to my attention in connection %%?th the examinakn.on giviro me wse to Wieve th in any Materi respect." ACCnting reo)rds Te r¥X kept in resFect ol ts charity as reqiired by wtion 130 of the Act.. or 2. The accounts do rt accofd th Ihose records: 3. The accounts do nDt Cpty 1th tl* applicable requirwnents conceming the lom aThJ content of a¢¢ounts set out in the Charities {Accounts and Rep)rtsl Regulations 2CI)8 other than any requiremont thal the accounts gpie a arKI fair vthith is not a matter consdored as part of an indepenthrf examination. I have no concems and have (xyne across Olher matters in o)nnection wth the examination to which attention thwld be drawn in this rep in order to a woper mjerstanding ol ts a¢¢ounts to bg reached. Michael Cooper-Davis FCCA ACA For and on behalf of Pri¢e Bailey LLP Chartered Accountants 24 Old B¢)nd Street LorKJon W1S4AP Date.. 03 February 2023
THE GOOD LUCK CHARrrABLE TRUST Statement of Financial Activities Year ended 5 Aprll 2022 Unrestricted EndoTment Funds Funds 2022 Total 2021 Total In¢om•: Irwesimenls 53.111 318,75) 53.111 318,750 50,018 125,C( Donati$ and lewies Total income 371.861 371.861 175,018 Expendlture: Charitable activities 49.OCKJ 2,48 3.928 Suiwi R&sing funds 2.513 2.S13 3,857 3.857 Totsl expendire 55,416 Net income 315.491 315.491 119.602 Net llossesyga1 on Investments 115,749 115,749 531,098 Translers {259,434} 259,434 Net movement in lunds 057 375,183 431,240 650.700 R•eonciliation ol funds: Total funds br(xJght forrd 10 101,546 2.172.385 2.273.931 1,623,231 Totsl funds carri8d fonvard 157.603 1547.$68 2.705.171 2,273,931 All iroNn8 and 8xpendiiure derNe Ircm CoNing acvibes. Transfers revithsd lo enwre eN10ent lurKI C4)ntIn to irNest. The statement crf finar101 arvrbes Ind all gang aNJ losses recL¥JniwJ thring the year. The notes on pag8s 9 to 15 form part cl these a(x(MJ)ts
THE GOOD LUCK CHARITABLE TRUST Balance Sheet At 5 April 2022 2021 Note Fixed Assets Investrnenls 2.547.568 2.172,385 Current Assgt$ Cash at bank Debtors 73.1 70.828 Current Liabilitie8 Creditors I11,} 11.7281 Net Current Assets 157.603 101.546 Net Assets 1705,171 2.273,931 Funds of the Charity Unrestricted funds ErKJovKn&rt funds 10 157.eA)3 2.547.568 101,546 2.172.385 2.705.171 1273.931 The linancid statements were apwoved and sgned by the Trustees their behdl by. and ggned on Mr M D R Shapley The notes on pages 9 10 15 fomi part of these accowts
THE GOOD LUCK CHARITABLE TRUST Notes to the A¢¢ounls Year ended S April 2022 1. Accounting Policies . General information and basis of xcountiThJ The Good Luck CharitatAe is a chan.ty for pthic tietit register Charity CLxnmisgon in England and Wde The a¢Skns of the wincipol athss is 1 n9'$AM7$ Yard, London, EC2R 7AF. The charity constrtLrtes a puilic berfit effltty as ddiwj by FRS 1(Y2. The financi slatgments have prepared in a¢c(Kdance A(t¢xmtirKJ arKI Rekyling by Chartties.. Statement d Rewmmend8d practi apF4icthe to charities prepariThJ Iheir accounts in accordarr2 wlh Ihe Financial RepK)rbrYJ Standard a)Cale in ts UK arvj Republic ol Ireland IFAS 1¢r2I is&d on 16 July 2014, the Financial Reporting StarKlard applicthe in Uiited lfjngth)m arKI ReputAi¢ d Ireland IFRS 11Y21. the Charil'es Act 2011, the SORP 2019 and UK GelY Accepted Prac11. The fina1 statwnents twve been prepared to gr4e a Irue and fairf and have departed frL¥n thè Charities Ih£counls and Reports) RulationS 2008 onfy to the extent rgauired lo prcNHle a Irue and fairvw/. This departure has invdved fdlowing Ax1ntirj atyl Reporti'rKJ trry Charities preparing thr accounts in accordance tha Fina Reporting Standard lcable in the UK and Republic of IreIar IFRS 1021 is9Jed on 16 JLIY 2014 rather than the A¢Uting arKI Repo"n9 by Charities.. Statement of R8Me Praclice 8ffgctive frrjn 1 April %X)S %thich has Sn wthdravffl. The financial statements are prepared LWKler the cost c(Thenti, mcmjified to irKaude cert&n ilems at lar vdue. The fi.nanc1 Statts are prepgred in sterling wtM¢h is the luncbonal currency of th8 charity. Tha &9Thli&4nt accounting policies aprAied in the pfeparation d these financial statements are set out below. These pcliaes have teen CLwslenlly appliedio all years presented unless oth8Tr5ise stated. The linanLaaf statements have ten to wrest wnd. b. Going concem The Trustees have at the time of appThirwJ ts finarK?al statemerrts, a r8awthg exmation that th8 charrty has adequate resources to Contin in Operation exIstere for the fore&able future. COVID- 19 will have mirimd eifects on the charity due to ihere iEing no staff costs and the (arity only spends I they eam through investrnerts aThJ fr<Th truslee (kn)ations. Thus try (%)ntin lo adopt the goiThJ ncem basis ol accounling in preparirKJ Ihe finra1 #atements. No material urrtaIntieS axist. c. Ineome Income from irNestrnents is recofdgj by referenceto date which tr tharity is entitled lo recapt. Bank Inte$1 is reded M an ac(xuals bags. Irne ead on endovrtnenl fvnds is unreslri¢led itKc#ne. Donations are r&ognised when reLivable. In Il* that a donation is wbIt to Conditions that require a level of perfomance bdore the tharity is entilled to fund, the in(Xe is deferred and not recognised until either those conditions are IlY met, or fLdfillment of th¢yse corKlib"ons is ollY Ythin the contrd of the d)a¥rty it is probat4e that ItK)se 11 bo lumilled in t1 rep)n9 period.
10- THE GOOD LUCK CHARrrABLE TRUST Notes to the Accounts Year ended 5 April 2022 1. Accounting Policies (continued) d. Expenditur¢ All expenijttjre is accounted for on an accruals basis and has been dassfiaj und&r h&adiThJs that aggragate all costs related to the catewry. Expen(klure is recognil Athere there is a I8g or constructive obligalion to make payments to third parties. it is probable that the setdement will be required and the amount dthe Obligati can be measured reliably. Itiscale18ed under the Idlowng headirw.. Costs of raIrj funds indudes supwl costsfLYthe MartOf ts iethent p[10, lund- rrj and event organisation; Exp8nditure on charitthe activTb"es indudesgrants mad8. governa costsand an appoonment ol support cost& Grants payable lo third parties are wlhin the charitthe obJ"ec"ves. Where uncorKJlDon grants are offered, this is accrued as gy)n as the recIent is wtified of the grant. as this gives rise to a reanable expectation that the wpienl vill recave grants. Where grants are condib.onal relats.ng to perfomiancg, the grant is only acc any unfLAfi"Iled c¥x)¢S1i¢S are cxrtside the (x)ntrol charity. Investments Investrnents are a lo of ba9c finarxjal instrtmgnt arKI are InallY recognised at their cost and Jbsequgntly measured at their IrValUe as at the balan sheet date usiThJ ¢10gng quoted market price. The statement of ffirnaaI aG1iwti"es irKludes the t gwns and Ios8es arigng on r8valuation and diswsals thrwghout the year. The ctrwity does not acquire pul oplions. derivalives or other comFdex ffinarKj inslnjments. The m&n lorn of finar1 risk faced by the charity is that of vdatility in equity matkets and inveslment markets due lo wder e¢on¢ynic o)n(ffilirms, the attitude of investors lo inveslment risk. arvj dr¥JeS in seniim•tt oyTh%mir#J g]uities. l. Fund ac¢ounling General funds are unres1ried fuNJs l)ich are av•latrAe for e at Ihe thre110r of the govermrs in lurtherancg of thg ger£ral cbj'ectives d the clwrty and vknich have not tMn dpsignaled for other purposes. Endowment funds represent Ih)se assets %thid) must ld pemianenify by th8 charity. prinopaly investments. Irrne arising on the er¥Jownent fun(ts Can be us8d in a¢dae *ith the objects the charity ar is irKSuded as unrestricted •rorne. Any caprtal gains or losses arirJ on the investrnentsfom part of the luThJ. IrNestmentlr[xne. nS and losses are dlocaled to the appropriate fund. g. Dabtors Accrwl InMe is indud&J at the besl esbmate d the aM(ts receivatxe at the Wance sheet date. h. Cash and cash equivalents Cash at bank indudes cash hdd in currerrt and dep)91 accounts.
THE GOOD LUCK CHARrrABLE TRUST Notes to the Accourrts Year ended 5 April 2022 1. A¢¢ounting Policies (eoThtinu•d) Creditors and provision$ Cfethtors and provi90ns are rectynised the dHtity has a present oblgation regjlting frcffl a past event that 11 probthy re&dt in the transfer lunts to a third party and the amouth due to settle the obligation can te measjred or estimated rlay. Crethors arKI provi9$ are nom)Jly recognised at their set1tnent amount after lor any trade dislnts due. j. Fin8n¢ial Instrument$ charity thy has finanaaf awts aThJ finarri liabililies of a lund that quafily as ba9c finana instruments. BaC financi instruments are iritidty TecxxJnised at cost and wbsequenlly measured at their SetNewnentvUe. Fixed assets a rded at market value and al othar assets and liatilities are record1 at cost bthich is ts'r ffarva. k. Key sources otjudgement and •stimation unc•rtaiiity No sgnificanl judgements. a(*ountirKJ [KAleS or assumpth¢)ns have been made by management in appIrj the ch$ Untirvj
12- THE GOOD LUCK CHARITABLE TRUST Notes to Ihe Aocounts Year ended 5 April 2022 2. Income from Investmont$ 2022 2021 Dwidend inc(the Bank interest 27 14 111 50.018 All rdate to unrestricled furKls in trA)th years 3. Donations and Legacies Monetary iknnations lindLKfing Grft Aid} 318,750 125,(K)O 318.750 125.000 All relate to unrestricted funds in Lth years 4. Charitable Activities 2022 Grants to institutions lThJte 61 Support costs . &¥)Veman costs 49.000 2,488 2.513 52.513 51.488 All relate to unrestric1 fLXKls in tth years DuriThJ the year, rbo Trustee receiv&J rKJr waived any reMurTal0n, tnefits or expenses12021- rull. re Mere rrf) emFdoyees emFloyed by the cknarity in the year {2021 . nil). The charity cx)nsders that there are rn key managtt peTne1 Ottr than the Trustees themselves. The wpport costs figuras IndeS IThYeFI examiner fees crf £1.83612021- £1.7281. 5. Raisiry fund8 2021 Inves¢menl management costs 1857 3,928
13- THE GOOD LUCK CHARITABLE TRUST Notes to the Accounts Year ended S April 2022 6. Grants to Institulions 2021 Finch¢kS PartinsKJn's disease Society The Brunley & District Talking Neryaper AsgKiation AlZhrne5 AeseaTch Trust Sierra Leone C6r Charity IVIJI) Embrace the Mi¢SJle East EVerye Matters Internation berty Awciati Shdtsr R(ths Prciect Bromley Cals Protection Lea WATCH (W(Anen and the chchI FINLI Anglican ScKiety for the Wdl¥e cl Animals The David Nott FcMJrKJathon Four Paws Hogarth CharitatAe Tntst Biggin Hill Memorigl mus1 Trust 5,000 3,000 5,000 2,000 5,000 5.000 1.5(X) 7. Fixed Asset Investments 2022 2021 At market value as al 5 April 2.$47.568 2.172.385 Analyss of invesbnents: Brought forward Addibons at cost ses proce Redised and unreiSed Iloss) C ioStments 2,172.385 306,018 146,5841 115.749 1,605,004 518,596 1482,313} 531,098 Carried forward 2,547,568 1172.385 2022 2021 Hislori¢J cosl 2,205.998 1,935,681
14- THE GOOD LUCK CHARITABLE TRUST Noles to the Accounts Year ended S April 2022 8. Debtors 2022 Prepayments and accwed I(e .250 9. Creditors 2021 Other Cr&Stors 11.836 1,728 10. Fund Recon¢iliion 8alan¢e at 6 April Balanee at 5 April Cuwrent Year Income EX[luTe Gains Tmslers Entknrnt Fund 1171385 115.749 259.434 2.547,568 Unrestri¢ted Fund 101.546 371.1 156.3701 1259,4341 157.603 2,273,931 371.861 (44.535) 115.749 2.705.171 Balan¢e al 6 April Balane• at 5 April Prior Year Income Expenditure Gains Transfers Endowment FuThJ 1.605.004 531.098 36,283 1172,385 Unrestricted Fund 14227 175.018 155.416) 136.2831 101,546 1.623,231 175.018 {55.416) 531.098 2.273,931 The transfer betEen luTrJs urKlertaken in tth financial years to the en(knwmenl fund carry lorvrdTd as the market vue ol IrNestrnents. Thelore the transfer figure ccynprises the acquisition cost, diswsal prceeds and realised gainylcksse&
THE GOOD LUCK CHARITABLE TRUST Notes lo the Accounts Year ended S April 2022 11. Analysis ol Net Assets between Funds Unreslri¢ted Funds Enth)¥mi•nt Funds Totol 2022 IreStMentS Debtors Creditors Bank 2,547.568 1547,568 (11.836) 73,189 73,189 T(*tsl Assèts 157.603 1547,$68 2.705.171 Unwe8trided Endowment Funds Funds 2021 Total IrNestments Debtors Creditors 2.172,385 1172,385 32.51JO {1.782) 70.828 11.7&1 70.828 Total Net Assets 101.546 2,171385 1273.931 12. Related Partles Mrs M E J Webber is a Trustee at the Gwd Luck Charitat4e Tr1. In 2(Y22 she mats total contilltio$ to the charity in the year of £250,(KXI12021 - £1CQ,(I)01. In 2022 E J Wetter Setljement made contribub( ol £tMI {2(E1 - £Nill. Thare re no other related paty transactions in the year.