IRIS Accounts Production v24.1.9.2 Other Company accounts True false Pounds 1.11.22 31.10.23 31.10.23 FY FRS 102 Unaudited Small companies regime for accounts Full Charities SORP true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116128262022-10-31116128262023-10-31116128262022-11-012023-10-31116128262021-10-31116128262021-11-012022-10-31116128262022-10-3111612826ns0:CharitableCompanyLimitedByGuarantee2022-11-012023-10-3111612826ns15:PoundSterling2022-11-012023-10-3111612826ns11:FRS1022022-11-012023-10-3111612826ns11:AuditExempt-NoAccountantsReport2022-11-012023-10-3111612826ns11:SmallCompaniesRegimeForAccounts2022-11-012023-10-3111612826ns11:FullAccounts2022-11-012023-10-3111612826ns11:CharitiesSORP2022-11-012023-10-3111612826ns16:EnglandWales2022-11-012023-10-3111612826ns11:RegisteredOffice2022-11-012023-10-3111612826ns0:Trustee22022-11-012023-10-3111612826ns0:Trustee32022-11-012023-10-3111612826ns0:Trustee12022-11-012023-10-3111612826ns10:WithinOneYear2023-10-3111612826ns10:WithinOneYear2022-10-3111612826ns0:TotalUnrestrictedFunds2023-10-311161282622022-11-012023-10-31
REGISTERED COMPANY NUMBER: 11612826 (England and Wales)
REGISTERED CHARITY NUMBER: 1186812














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

GLOBAL BUSINESS ROUNDTABLE UK
FOUNDATION

GLOBAL BUSINESS ROUNDTABLE UK
FOUNDATION






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3

Notes to the Financial Statements 4 to 7

GLOBAL BUSINESS ROUNDTABLE UK
FOUNDATION (REGISTERED NUMBER: 11612826)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11612826 (England and Wales)

Registered Charity number
1186812

Registered office
19 Mickleden Green
Whitwick
Coalville
Leicestershire
LE67 5PP

Trustees
G S Mseleku
L R Schoeman
K Tripp

Approved by order of the board of trustees on 1 August 2024 and signed on its behalf by:





K Tripp - Trustee

GLOBAL BUSINESS ROUNDTABLE UK
FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 999 100

EXPENDITURE ON


Other 191 576

NET INCOME/(EXPENDITURE) 808 (476 )


RECONCILIATION OF FUNDS
Total funds brought forward (1,180 ) (704 )

TOTAL FUNDS CARRIED FORWARD (372 ) (1,180 )

GLOBAL BUSINESS ROUNDTABLE UK
FOUNDATION (REGISTERED NUMBER: 11612826)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 588 80

CREDITORS
Amounts falling due within one year 5 (960 ) (1,260 )

NET CURRENT ASSETS/(LIABILITIES) (372 ) (1,180 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

(372

)

(1,180

)

NET ASSETS/(LIABILITIES) (372 ) (1,180 )
FUNDS 6
Unrestricted funds (372 ) (1,180 )
TOTAL FUNDS (372 ) (1,180 )

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 1 August 2024 and were signed on its behalf by:





K Tripp - Trustee

GLOBAL BUSINESS ROUNDTABLE UK
FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.



GLOBAL BUSINESS ROUNDTABLE UK
FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Directors 3 3

No employees received emoluments in excess of £60,000.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 100

EXPENDITURE ON


Other 576

NET INCOME/(EXPENDITURE) (476 )


RECONCILIATION OF FUNDS
Total funds brought forward (704 )

TOTAL FUNDS CARRIED FORWARD (1,180 )

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 300 480
Accrued expenses 660 780
960 1,260

6. MOVEMENT IN FUNDS
Net
At movement At
1.11.22 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund (1,180 ) 808 (372 )

TOTAL FUNDS (1,180 ) 808 (372 )

GLOBAL BUSINESS ROUNDTABLE UK
FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 999 (191 ) 808

TOTAL FUNDS 999 (191 ) 808


Comparatives for movement in funds

Net
At movement At
1.11.21 in funds 31.10.22
£    £    £   
Unrestricted funds
General fund (704 ) (476 ) (1,180 )

TOTAL FUNDS (704 ) (476 ) (1,180 )

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 100 (576 ) (476 )

TOTAL FUNDS 100 (576 ) (476 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.11.21 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund (704 ) 332 (372 )

TOTAL FUNDS (704 ) 332 (372 )

GLOBAL BUSINESS ROUNDTABLE UK
FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,099 (767 ) 332

TOTAL FUNDS 1,099 (767 ) 332

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2023.

8. GOING CONCERN

There are no material uncertainties as to the entity's ability to continue as a going concern as it receives the ongoing support from it's Trustees.