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GF TRUST LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

GF TRUST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Ciaran Gillan
Mrs Mairead McAloon
Mrs Mary Bernadette Gillan
Mr Seamus Martin Gillan
Mr Seamus Gerald Gillan
Mr Sean Gillan
Charity number (Northern Ireland)
NIC108783
Company number
N1687091
Registered office
Unit 1 Building 10
Central Park
Mallusk Road
Newtownabbey
Co Antrim
Northern Ireland
BT36 4FS
Auditor
AAB Group Accountants Limited
1- 3 Arthur Street
Belfast
Co. Antrim
Northern Ireland
BT14GA
Bankers
Ulster Bank Limited
11-16 Donegall Square East
Belfast
Co. Antrim
Northern Ireland
BT15UB
Solicitors
Carson McDowell
Murray House, Murray Street
Belfast
Co.Antirm
Northern Ireland
BT16DN

GF TRUST LIMITED
CONTENTS
Page
Trustees, report
Independent auditor's report
Statement of financial activities
Balance sheet
10
Statement of cash flows
11
Notes to the financial statements
12-17

GF TRUST LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report and audited financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Charity's (Northern Ireland) Act 2008, the Companies Act 2Cn6 and
"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective 1 January 2019)"
The GF Trust Limited (GFT) is a charitable company operating in Northern Ireland. The charity is registered with
the Charity Commission for N. Ireland (NIC 108783) and recognised as a charity by H.M. Revenue and Customs
(2427511237) It is also a Private Company Limited by Guarantee (NI 687091). The registered principal address
and a list of directors who served the company during the year are listed are noted within Legal and
Administrative information.
Objectives and activities
The charity's objects are:
The prevention or relief of poverty - GFT aims to contribute to the prevention and relief of poverty by
directly benefiting those who receive support, as well as reducing the prevalence of suffering and
inequality in society. Our partnerships support the most in need, the poor and marginalised young
people, families and communities.
The advancement of health or the saving of lives - We work with Health and Social Care organisations
and other charities that provide health services to reduce illness and to improve the quality of lives of
those living with illness for both the individuals and their families.
The advancement of citizenship or community development
We financially support community
development and active citizenship. By involving and empowering relevant stakeholders in projects we
advance citizenship and support beneficiaries to become agents of development and change.
The advancement of amateur sport- GFT wishes to continue to financially support amateur sport in our
local community which will lead to increased health, fitness and a sense of teamwork in our local
communities.
GFT wishes to support any other charitable purposes which includes any purpose recognised as charitable under
existing charity law and any purposes which may reasonably be regarded as analogous to the listed purposes
above, as well as those by virtue of section one of the Recreational Charities Act (1958).
Public benefit:
The direct benefit from the charity's purposes is that people's lives will be enriched by awarding grants or
providing donations to charities, voluntary led organisations and individuals who are in need or who work with
people or communities in need in furtherance of our charitable purposes. The trustees have paid due regard to
guidance issued by the Charity Commission in deciding what activities the charity should undertake and. are
satisfied that that it has complied within the remit of this guidance.
Grant making policy:
All grants will be awarded on the basis of evidence of need provided through our grant application process.
These benefits will be evidenced through the number of grants and donations that are made. All orgarisations
that receive a grant will be required to demonstrate how the grant has benefited those in need: They will be
required to complete a monitoring and evaluation form which will be reviewed by the charity. The purposes of the
charity do not lead to any harm. The beneficiaries are primarily people and voluntary organisations in Northern
Ireland but may from time to be anywhere in the world depending on charitable need identified. There is no
private benefit flowing from any of these purposes.

GF TRUST LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
Overview 202412025
The charity is funded by two trading companies under common control and received £3.985,370 during this
financial year.
During 2024125, the Trustees approved and paid £3,085,784 of expenditure in support of their charrtable
objectives. A significant proportion of this expenditure was spent working in partnership with the National Autistic
Society to fund large scale facility in Randalstown which will greatly benefit the local community.
Financial Review
The results for the year are set out in the attached financial statements. The results for the year show a net
surplus of £1,063,419. Income for the year is made up of donations £3,985,370 (2024. £2,761,943) and
investment income of £163,883 (2024. £19,509). Expenditure for the year totalled £3,085,834 (2024: £438,218).
Reserves Policy:
The charity holds total funds at 31 March 2025 of £6,337,163 (2024: £5,273,744).
It is the policy of the charity that unrestricted funds which have not been designated for a specrfic use should be
maintained at a level equivalent to between three and six month's expenditure. The trustees consider that
reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the
charity's current activities while consideration is given to ways in which additional funds may be raised. This level
of reserves has been maintained throughout the year.
At 31 March 2025, the charity had free reserves of £6,261,696 (2024. £5,048,277). While this is higher than the
charity's reserves policy, the trustees have plans to significantly increase charitable donations within the next 2
years.
Going Concern:
The trustees have reasonable expectation that the charity has adequate resources to continue in operational
sense for the foreseeable future. Thus, the trustees have adopted the going concern basis of accounting in
preparing the financial statements.
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in
place to mitigate exposure to the major risks.
Plans for future periods
The trustees intend to continue to provide grants and donations to the local community in line with its charitable
objectives.

GF TRUST LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
The role of the trustees is to ensure the charity is effectively govemed, thal rt complies with all relevant legislation
including its Memorandum and Articles of Association and Company law. The charitls principal governing
document is its Memorandum and Articles ofAssociation.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were"
Mr Ciaran Gillan
Mrs Mairead McAloon
Mrs Mary Bemadette Gillan
Mr Seamus Martin Gillan
Mr Seamus Gerald Gillan
Mr Sean Gillan
The trustees of the charity receive no private benefit from their involvement in the charity. During year ended 3
March 2025, no trustee or connected persons received remuneration, expenses or payment (202312024 - £nil).
There were no conflicts of interests declared by trustees during the year (202312024 - none).

GF TRUST LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Auditor
In accordan￿ with the company's articles, a resolution proposing that AAB Group Accountants Limited be
appointed as auditor of the charitable company
Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is releva
ttothe
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify suc
relevant information and to establish that the auditor is aware of such information.
Trustees, report was approved by the Board of Trustees.
Mrs Mairead McAloon
Trustee
Dated: 21 October 2025

GF TRUST LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
he trustees, who are also the directors of G
Trust Limited for the purpose of company law, are
preparing the rustees, Report and the financial statements in accordance with applicable law and
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company aw requires the trustees to prepare financial statements for each financial year which give a true a
view of the state of affairs of the charity and of the incoming resources and application of resources,
cluding
nco
e and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP,
sponsi
gd
fai
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the chari
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy a
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

GF TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF GF TRUST LIMITED
Opinion
We have audited the financial statements of GF Trust Limited (the 'charity') for the year ended 31 March 2025 which
comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the
financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation Is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Finai?cial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion. the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
con￿rn for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements
and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed: we conclude that there is a
material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities Accounts and Reports
Regulations (Northern Ireland) 2015 requires us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the Trustees,
report; or
sufficient accounting records have not been kept, or
the financial statements are not in agreement with the accounting records. or
we have not received all the information and explanations we require for our aLidit.

GF TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF GF TRUST LIMITED
Responsibilities of trusteés
As explained more fully in the statement of Trustees, responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to
'enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
AAB Group Accountants Limited have been appointed as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We developed an understanding of the key fraud risks to the entity (including how fraud might occur), the controls in
place to help mitigate those risks, and the accounts, balances and disclosures within the financial statements which
may be susceptible to management bias. Our understanding was obtained through review of the financial
statements for significant accounting estimates, analysis of journal entries, walkthrough of the key controls cycles in
place and enquiry of management.
Our procedures to respond to those risks identified included, but were not limited to:
Enquiry of management, and the entity's solicitors around actual and potential litigation and claims.
Enquiry of management to identify any instances of non-compliance with laws and regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations.
Auditing the risk of management override of controls, including through testing journal entries and other
adjustments for appropriateness, and evaluating the business rationale of significant transactions outside
the normal course of business.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https://
www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with section 391 of the Companies
Act 2006. Our audit work has been undertaken so that we might state to the company s members those matters we
are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the company and the company's members as a
body, for our audit work, for this report, or for the opinions we have formed.

GF TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF GF TRUST LIMITED
Teresa Campbell (Senior Statutory Auditor)
for and on behalf of AAB Group Accountants Limited
Accountants
Statutory Auditor
1- 3 Arthur Street
Belfast
Co. Antrim
Northem Ireland
BT14GA
21 October 2025
AAB Group Accountants Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.

GF TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Unrestricted
funds
funds
2025
2024
Notes
Income from:
Donations and legacies
Investments
3,985,370
163,883
2.761,943
19,509
Total income
4.149,253
2,781,452
Expenditure on:
Charitable activities
Other expenditure
3,085,784
50
438,218
Total expenditure
3,085,834
438,218
Net income and movement in funds
1.063,419
2,343,234
Reconciliation of funds:
Fund balances at 1 April 2024
5,273,744
2,930.510
Fund balances at 31 March 2025
6.337.163
5,273.744
All income and expenditure derive from continuing activities and is determined as unrestricted.

GF TRUST LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Current assets
Investments
Cash at bank and in hand
11
75.467
225.467
13
5.307,480
960,156
3,519,509
1,531,518
6,267,636
5,051,027
Creditors: amounts falling due within
one year
14
(5,940)
(2,750)
Net current assets
6,261,696
5.048,277
Total assets less cUr￿nt liabilities
6,337,163
5.273,744
Income funds
Unrestricted funds
6,337,163
5,273,744
6,337,163
5,273,744
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025 although an audit has been carried out under section 65 of the Charities
Act (Northern Ireland) 2008. No member of the company has deposited a notice, pursuant of Section 476, requiring
an audit of these financial statements sunder the requirements of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which
comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state
of affairs of the company as at the end of the financial year and of its incoming resources and application of
resources, induding its income and expenditure, for the financial year in accordance with the requirements of
,sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.
The members have not required the company to obtain an audit of its financial statements under the requirements
of the Companies Act 2006, for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 21 October 2025
Mrs Mairead McAloon
Trustee
Company R_egistratSon No. N1687091
10.

GF TRUST LIMITED
STATEMENT OF CASH FLOWS
F¢>P THE YEAR ENDED 31 AIARCH 2025
2025
2024
Notes
17
9)2.726
2.326.475
(225.46n
150.(XX)
(5250.(JX))
3.5(X).(
125.912
(3.5(X).(￿)
(1.474.088)
(3.r25.46n
(571.362)
(1.398.992)
1.531.i18
2.930.510
cath knV4V4uiYaLnts at end of y￿r
.1
1.531.518
11

GF TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity infonnation
GF Trust Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered
Offi￿ is Unit 1 Building 10, Central Park. Mallusk Road, Newtownabbey, Co Antrim, BT36 4FS, Northern
Ireland.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's [governing document] the
Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The charity is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include certain
financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trLLStees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
12

GF TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Freehold land and buildings
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such Ind￿atIOn
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Current Investments
Current investments include cash held in fixed term deposits held with banks with original maturity dates of
three months or more. All investments recorded mature within 12 months of the balance sheet date.
Investments are initially recorded at cost. They are subseqLiently measured at fair value at each reporting
date.
13

GF TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make Judgements, estimates
and assumptions about the carying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors
are considered to be relevant. Actual results may differ from these estimates.
he estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects {￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted Unrestricted
funds
funds
2025
2024
Donations and gifts
3,985,370
2,761,943
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Income from short term deposits
163,883
19,509
Expenditure on charitable activities
Unrestricted Unrestricted
Total
Total
2025
2024
Direct costs
Charitable Donations
Bank Charges
3,076,046
82
432,468
3,076,128
432,468
Share of support and governance costs (see note 6)
Governance
9,656
5,750
3,085,784
438,218
Analysis by fund
Unrestricted funds
3,085,784
438,218
14

GF TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support Costs allocated to activities
2025
2024
ovemance costs
9,656
5,750
Analysed between:
Audit
Legal and Professional
6,775
2.881
5.750
9,656
5,750
Trustees
None of the trustees trustees (or any persons connected with them) received any remuneration or benefits
from the charity during the year.
Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Other expenditure
Unrestricted Unrestricted
funds
funds
2025
2024
Subscriptions and Professional Fees
50
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
15

GF TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Tangible fixed 8s5Èts
Freehold land
and bulldlngs
C05t
At 1 April 2024
Disposals
225.467
(150,000)
At 31 March 2025
75,467
Carrying amount
At 31 March 2025
75,467
At 31 March 2024
225,467
12 Financial instruments
2025
2024
Carying amount of financial assets
Instruments measured at fair value through profit or loss
5,307,480
3.519,509
13 Current asset investments
2025
2024
Unlisted investments
5,307,480
3,519,509
The trustees consider that the carrying amounts of financial assets carried at amortised cost in the financial
statements approximate to their fair values.
14 Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
5,940
2,750
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific PLirposes.
At 1 April
2024
Incoming
resources
Resources At 31 March
expended
2025
General funds
5,273,744
4,149,253
(3,085,834)
6,337,163
16

GF TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Unrestricted funds
(Continued)
'Previous year:
At 1 April
2023
Incoming Resourceg At 31 March
resources
expended
2024
General funds
2,930,510
2,781,452
(438,218)
5,273,744
16 Related party transactions
The charity received income of £3,985,370 (2024: £2,761,943) from entities under common control. There
were no other related paty transactions during the year.
17 Commitments
At 31 March 2025, the charity has committed to provide donations of £639,492 under contradual letters of
offer which were in place at the balance sheet date.
18 Cash generated from operations
2025
2024
Surplus for the year
1,063,419
2,343,234
Adjustments for:
Investment income recognised in statement of financial activities
(163,883)
(19,509)
Movements in working capital:
Increase in creditors
3,190
2,750
Cash generated from operations
902,726
2,326,475
19 Analysis of changes in net funds
The charity had no material debt during the year.
17