Charity number: 1037906 Company number: 2924765
The Gordon Club Trust Limited (A company limited by guarantee)
Trustees' report and financial statements for the year ended 31March 2021
The Gordon Club Trust Limited (A company limited by guarantee)
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2-3 |
| Statement of financial activities | 4 |
| Balance sheet | 5-6 |
| Notes to the financial statements | 7 |
The Gordon Club Trust Limited (A company limited by guarantee)
Legal and administrative information
| Charity number | 1037906 |
|---|---|
| Company registration number | 2924765 |
| Registered office | Ilford Wanderers RFC Sportsground |
| Ilford | |
| Essex | |
| IG6 3HJ | |
| Trustees | Steven James Stuckey |
| Secretary | Steven James Stuckey |
Page 1
The Gordon Club Trust Limited (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2021
The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees, who are also directors of The Gordon Club Trust Limited for the purposes of company law and who served during the year and up to the date of this report are set out on page I.
Structure, governance and management
The structure and management of the company is as per the enclosed accounts.
Objectives
The Company was established for the benefit of the inhabitants of the London Borough of Redbridge and the surrounding area without discrimination of sex or of political, religious or other opinions by providing or assisting in the provision of facilities for their recreation and leisure time occupation, particularly by providing a sports centre, with the object of improving the conditions of life for the said inhabitants.
Financial review
The company performance and financial position is as per the attached accounts.
Page 2
The Gordon Club Trust Limited (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2021
Statement of trustees' responsibilities
The trustees (who are also directors of The Gordon Club Trust Limited for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. 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
-
make judgements and estimates that are reasonable and prudent
-
state whether applicable UK Accounting Standards have been followed, subject to any material depa1tures 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 charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
approved by the board on 19 December 2021 and signed on its behalf by
Page 3
The Gordon Club Trust Limited (A company limited by guarantee)
Statement of financial activities (incorporating the income and expenditure account) For the year ended 31March 2021
| Incoming resources Voluntary income Total incoming resources Resources expended Staff costs Establishment costs (rates, repairs, insurance and sundry) Total resources expended Net incoming/(outgoing) resources for the year Net income/(expense) for the year Total funds brought forward Total funds carried forward |
Total £29,437.80 £29,437.80 |
|---|---|
| £12,331.95 £79.36 £12,411.21 |
|
| £17,026.59 £17.00 £17,043.59 |
Page 4
The Gordon Club Trust Limited (A company limited by guarantee)
| Balance sheet as at 31March 2021 Debtors Cash at bank and in hand Creditors: amounts fallingdue within one year Net Assets Funds Total funds |
£0.00 £17,043.59 £0.00 £17,043.59 |
|---|---|
| £17,043.59 £17,043.59 |
The Balance Sheet continues on the following page.
Page 5
The Gordon Club Trust Limited (A company limited by guarantee)
Balance sheet (continued)
Trustee statements required by the Companies Act 2006 for the year ended 31 March 2021
In approving these financial statements as trustees of the company we hereby confirm:
-
that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006;
-
that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2021.
that we acknowledge our responsibilities for:
-
ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
-
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 profit or loss for the year then ended i n accordance with the requirements of section 393 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the board on 19 December 2021 and signed on its behalf by
Page 6
The Gordon Club Trust Limited (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2021
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 7