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 nU￿￿er. 803744 Setllor: Mrs Margaret 8izaLth Wetk*r IcAIov*iThJ amounts have been added to the settlement.. 23 Sept￿ber 1997 £50,C 11 De(£mt*r 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 Octot*r 2020 (Mrs M E J Webberl 6,561.68 shares in &'llie Grfford C￿eT$8a$ 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 InC￿le Unrts and 232.89 *tares in Sehroders Investment Management (LuX￿boU[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 charit￿8 rMJrpo* vthich the Tnjstees COn￿der to provid8 9￿f￿ant ￿1. The levd of re￿m$ ￿ 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 att￿￿d tr)tJ inv8slm8nt inccffie of £53,111 in 2022 12021 . £50.0181. The charity recEived £318.750 in dtsnab.ons in 202212￿1 - £125.(KX)l. Total grants to insbtuli￿s in the yw totaled £￿,(jJ)I2o2l . £49,o)01. DuriTh) treyear afurttr*r ￿.018¥•5 inve#ed into the tharity's investment pofttdio. The charity att￿ned proceeds of £46,584 fr¢xn the sale of irNestments %bithin ts portlc4io in 2022. Overall th* thori￿$ irwesknents I￿reasad in vdue by £375,182 in 2022 {3)21- £&S7.381). YO￿￿ent fvnds al the year-eTrJ *w8£2,547.56712021 . £2.172.3851. Public Bwfrt Stat*ne￿. 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 ￿anT￿n9. 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 Sha￿￿eY Principal Address: 1 ￿ng'S kns Ywd Lrth. EC2FI 7AF Trustees Selection Method: E￿$tIng Truste8s have FX)V*Er to a￿(Ant tnjslees. Appointment and tralning ot Trustees: Thwe are no plans io apwint lurtt*rTnJstees. No lomial traning is gven lo new Trustees Lxrt tlw are briefed thortxjghly as to the charity's activiti0& All expendilure is fdly apprcNed by Ihe Lx)ard of Twstees ￿Ore IHng undertaken. Investmem Advisors: Alder Irr4estsnwt manag￿•* Limfted 1 knng's Amis Y¥d LorKkn, EC2R 7AF A¢¢ountsnts: Alder Asset Management ￿rnited 1 bQng's kns Yard London, EC2R 7AF Independent Examiners: Piic* B￿leY LLP 24 Old Bor¥J Street W1S4AP Aeserves Policy: The Trustees distribLrte m840rity of the investr)ent income during the year. On (Kcasions Ihe trU￿ee$ %bill reduce the ove￿1 fvnd onc8 th8 income has exhausted for th8 year lorfurther thstribul1c￿s. 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 g￿ng concem need to be made in the fina￿￿ stalements. Grant Making Policy: TA￿teeS I￿nt d￿SlOn. Investments Selection Policy. A bala￿d 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 carc￿stances, shc*Jd 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 finar￿lat risks conceming the loss of InC￿e (kje lo a lall in ma￿ets 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 ￿)rtf￿10 ￿rfOrniance is a key factor in th8 extant crf grants that tha charity w￿1 thStritr￿rte to ￿ell￿a￿eS in future years. Accounts: The Trustees a￿ resp¢m*L4e for pwring the Trustees. Report and th8 tinancid statements in accordance th appliCa￿e law and United KirrfJ¢knn ALxounb"ThJ Standards ILlwted lfjngdom Generally Accepted A￿￿tINj Pra¢Xi¢el. The law apylicable lo charities in England & Wdes req￿leS the trustees to prepare finarK1￿ statwnents frx each financid year vthich gave a inje a￿1 fair view ol the stale ol all￿rS of the Charity and of the inccfflirrfJ regjurces of the charity fcy that ￿ri￿1. In K*epariThJ these linaThial statem8nts, the Trustees are required lo: Select suita￿8 accounting pclicies aThJ COTrsiSlen￿y. Observe the methods and pnrriples in the Charrlies SORP FRS11Y212019): Make jLdgements and estimates that are reaSon￿e aThl prudent,. state ￿￿ether applicable UK AccountiThJ Standards have Idlo%%ed. gjbiecl to any material departures dI￿lOSed and explaned in the financid slatements: Prepare the linanud stat￿ents on the c(Yttm basis unless it is inappropriate to presume that the wll cffltinue in ￿rati(￿. The Trustees are reSp￿s￿e for keeping acccwthiNJ r￿TrI$ that dI￿O$e rea9)na￿￿e aecuracy at any time the finanaal pL)SIb"¢￿ of chaitty and ena￿e Ihwn lo enwre that ts finanaal stat￿nentS comF4y wih the Chariies Act 2011, ts Chanty {Accourrts R8POrts} regulations 2008 ar*J trust deed. They are also resFK)nsitAe fix saleguardir¥J the assets of the charity and he￿ lor lakn"rwJ responsi1￿e sleps lor the prevention arKI detec11c￿ of fraud otsr irregLlarths. This re￿rt Wds approved by the T1￿$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$Fon%￿¢ for the iryaration d the ￿Unts in xcordance the requirwnents of the ChaiiliesAct 2011 {Ihe hrf). I report in respect cl my exaninabon (* the charity's ￿o￿jnts carri&J oul under section 145 of the Act and in Carrying ¢)ut my examination I have fdlow&J all ts aFWKatAe Chr&ti(xJs giv￿ by the Charity Commission under seckn.on 14515llbl Act. Ind•p•nd•nt examln•rf8 statom•nt I have ccfflpleted my examination. I confimi that Th) material matters have ccTh8 to my attention in connection %%?th the examinakn.on giviro me wse to Wieve th* in any Materi￿ respect." ACC￿nting reo)rds ￿Te r¥X kept in resFect ol ts charity as reqiired by wtion 130 of the Act.. or 2. The accounts do r￿t accofd ￿￿th Ihose records: 3. The accounts do nDt C￿pty ￿1th tl* applicable requirwnents conceming the lom aThJ content of a¢¢ounts set out in the Charities {Accounts and Rep)rtsl Regulations 2CI)8 other than any requiremont thal the accounts gpie a arKI fair vthith is not a matter consdored as part of an indepenthrf examination. I have no concems and have (xyne across ￿ Olher matters in o)nnection wth the examination to which attention thwld be drawn in this rep￿ in order to a woper mjerstanding ol ts a¢¢ounts to bg reached. Michael Cooper-Davis FCCA ACA For and on behalf of Pri¢e Bailey LLP Chartered Accountants 24 Old B¢)nd Street LorKJon W1S4AP Date.. 03 February 2023 THE GOOD LUCK CHARrrABLE TRUST Statement of Financial Activities Year ended 5 Aprll 2022 Unrestricted EndoT*ment Funds Funds 2022 Total 2021 Total In¢om•: Irwesimenls 53.111 318,75) 53.111 318,750 50,018 125,C( Donati￿$ 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 expendi￿re 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 for￿rd 10 101,546 2.172.385 2.273.931 1,623,231 Totsl funds carri8d fonvard 157.603 1547.$68 2.705.171 2,273,931 All iroNn8 and 8xpendiiure derNe Ircm Co￿Ning ac*vibes. Transfers reviths*d lo enwre eN10￿￿ent lurKI C4)ntIn￿ to irNest. The statement crf finar￿101 ar*vrbes Ind￿ all gang aNJ losses recL¥JniwJ thring the year. The notes on pag8s 9 to 15 form part cl these a(x(MJ)ts THE GOOD LUCK CHARITABLE TRUST Balance Sheet At 5 April 2022 2021 Note Fixed Assets Investrnenls 2.547.568 2.172,385 Current Assgt$ 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 tie￿tit 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 ber*fit effltty as ddiwj by FRS 1(Y2. The financi￿ slatgments have prepared in a¢c(Kdance A(t¢xmtirKJ arKI Rek*yling by Chartties.. Statement d Rewmmend8d practi￿ apF4icthe to charities prepariThJ Iheir accounts in accordarr2 wlh Ihe Financial RepK)rbrYJ Standard a￿)Cal￿e 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 Ge￿￿lY Accepted Prac11￿. The fina￿1* statwnents twve been prepared to gr4e a Irue and fairf and have departed frL¥n thè Charities Ih£counls and Reports) R￿ulationS 2008 onfy to the extent rgauired lo prcNHle a Irue and fairvw/. This departure has invdved fdlowing A￿￿x1ntir￿j atyl Reporti'rKJ trry Charities preparing th￿r 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¢￿U￿ting arKI Repo￿"n9 by Charities.. Statement of R8￿Me￿ 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￿ Stat￿￿ts 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 t*en 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￿ exIster￿e 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