Charlty number: 1048993
THE MIKE GOOLEY TRAILFINDERS CHARITY
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

THE MIKE GOOLEYTRAILFINDERS CHARITY
CONTENTS
Page
Reference and Administratlve Detalls of the Charity, Its Trustees and Advlsers
Trustses. Report
Independent Audltors. Report on the Flnancial Statsments
Statement of Financlal Activities
10
Balance Shaet
11
Statement of Cash Flows
12
Notss to the Flnancial Statements
13-22

THE MIKE GOOLEY TRAILFINDERS CHARITY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2024
Trustees
Sir M D W Gooley, C.B.E
Mrs B M Gooley
Mr T P Gooley
Lady F K Gooley
Ms S H E Machin
Mr J C O'Dowd
Charlty registered
number
1048993
Registered offlce
9 Abingdon Road
London
W8 6AH
Page 1

THE MIKE GOOLEY TRAILFINDERS CHARITY
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees present thelr annual report together with the audited financial statements of the Charity for the 1
July 2023 to 30 June 2024. The Trustees confirm that the Annual Report and financial statements of the
charlty comply with the current statutory requirements. the requirements of the charity's governing document
and the provislons of the Statement of Recommended Practice ISORP) applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) (effective 1 January 2019).
Objoctlves and activitles
Poli¢les and objectives
The Charity's principal objective is to benefit other bodies, trusts, associations, local community, institutions or
organisatlons established or about to be established for charitable purposes.
In settlng objectives and plannlng for activities, the Trustees have given due consideration to general guidance
published by the Charlty Commlssion relating to public benefit, including the guidance 'Public beneflt,. running a
charity (PB2)'.
Achievements and perfonnance
a. Review of actlvlties
Donations, gift aid and investment income during the year totalled £4,673,561 (2023: £8,150,415). Outgoings
totalled £4,263,106 (2023: £5,489,405). Income exceeded expenditure by £410,455 (2023: £2,661,010),
increasing the balance of the general fiJnd carried forward to £28,735,149 (2023: £28,324,694).
Financial revlew
. Going concern
After making appropriate enquirles, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to
adopt the going concern basis in preparing the financial statements. Further detalls regarding the adoption of
the going concem basis can be found in the accounting policies.
Structura. governance and management
a. Constitutlon
The Charity was registered on 9 September 1995 by means of a Trust Deed executed by the Trustees and
commenced trading on that date.
The Charity (Registered Number 1048993) is administered from 9 Abingdon Road, London, W8 6AH.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
tenns of the Trust deed.
Page 2

THE MIKE GOOLEY TrAILFINDERS CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Structure, governance and management (continued)
c. Organisational Structure and decision-making policie5
The Founder has the power to appoint new or additional Trustees. After the death of the Founder, this power
shall be vested in such person or person as the Founder shall, by deed or will, nominate for the purpose.
The Mike Gooley Trailfinders Charity is a simple organisation in as much that:
There are no payroll costs, and administrative expenses are minimal. All those who work for the Charity do so
without remuneration.
The objectlves of the Charity are limited, being essentially to provide support for medical research. community
projects which encourage young people in outdoor activities and Armed Forces veteran organisations.
It does not seek or require fund raising from the public. There are no fund raising costs.
Income generation derives almost exclusively from donations made by Trailfinders Limited, an entity wholly
owned by the Executive Chairman Sir M D W Gooley, C.B.E, who is also the Founder Trustee of the Charity.
d. Policies adopted for the Induction and tralning of Trustees
New Trustees are met by the founder of the charity and are given a detailed briefing. Trustees have access to
appropriate Iraining courses as required.
e. Land and Bulldlngs
The Charity continues to own a sports ground. which it leases to Trailfinders Sports Club Limited, a company in
which Sir M D W Gooiey, C.B.E and Lady F K Gooley are unpaid directors with no vested interest.
f. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied that systems and procedures a￿ in place to mitigate
exposure to the major risks.
The level of the bank balance is closely monitored by the Trustees to ensure the funds contlnue to eam a
competitive rate of interest. The simple nature of the Charity and the small number of transactions enable the
control and reconGiliation of both the current and treasury accounts to the penny. The Trustees have performed
a risk assessment and consider the risk to the Charity to be minirnal.
The Trustees have seen fit to preclude investment in the Stock Exchange and have never traded a share since
foundation.
The Trustees have examined the major strategic, business and operational risks which the Charity faces and
confirm that systems are in place to manage and review any identified risk on a regular basis. The actions
needed to be taken if a recognised potential risk occur5, or if a change in the likelihood of a risk occurring is
identified, have also been considered and are monitored by the Trustees.
At the end of the year the balance sheet reserves of £28,735,149 were held in an unrestricted general fund,
comparad to £28,324,694 in the previous year. Of this amount, £27.619,565 (2023: £25.307,858) is
represented by freehold properties, leaving free reserves of £1,115.584 (2023: £3,016,836).
Page 3

THE MIKE GOOLEY TRAILFINDERS CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Plans for future periods
The Founder of the Charity is also the sole ovffler of the Trai5finders Group of companies, which is the Charity's
main benefactor, and so continued incoming resour￿$ are assured always, providing these entities generate
sufficient profit from the field of travel and tourism. He has indicated that the Charity will benefit substantially by
the way of legacy on his death.
As touched on in other parts of this Report, the aims and key objectives of the Charity are to financially support
causes within the United Kingdom, in particular youth and education. the Armed Forces, such as through
military charities, and public services such as medical research. The Charity does not seek to raise funds from
the public and so there are no planned activities.
Statement of Trusta•s' responsibiliti•s
The Trustees are responsible for preparing the Trustees, Report and the financi81 statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally AC￿pted
Accounting Practice).
The law requires the Trustees to prepare financial statements for each financial year. The Trustees must not
approve the financial statements unless they are satisfied that they give a true and fair view of the state of
affairs of the Charity and of its incoming reSoUr￿S and application of resources. including its income and
expenditure, 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 of the Charities SORP 2019 (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charitys transactions and disclose with reasonable accuracy at any time the financial position of the
Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.
Disclosure of informatlon to auditors
Each of the persons who are Trustees at the time when this Trustees, Report is approved has confinned that:
so far as that Trustee is aware, there is no relevant audit infomation of which the charity's auditors are
unaware. and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charitvs auditors are aware of that information.
Page 4

THE MIKE GOOLEY TRAILFINDERS CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Auditors
The auditors, Xeinadin Audit Limited, have indicated their willingness to continue in office. The designated
Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Sir M D W Gooley C.B.E
(Chair of Trustees)
Date:
Mr J C O'Dowd
Page 5

THE MIKE GOOLEY TRAILFINDERS CHARITY
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MIKE GOOLEY TRAILFINDERS
CHARITY
Oplnion
We have audited the financial statements of The Mike Gooley Trailfinders Charity (the 'charity') for the year
ended 30 June 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of
Cash Flows and the related notes, including a summary of significant accountlng 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 Financlal Reportlng Standard
applicable In the UK and Republic of Ireland, (Unlted Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charity's affairs as at 30 June 2024 and of its incoming
resources and application of resources, including its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basi5 for opinion
We conducted our audit in accordan￿ with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors, 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 United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsiblllties in accordance with these requlrements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provlde a basis fcK 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
going concern for a period of at least Iwelve 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.
Page 6

THE MIKE GOOLEY TRAILFINDERS CHARITY
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MIKE GOOLEY TRAILFINDERS
CHARITY (CONTINUED)
Other Information
The other inforrnation comprises the informatiorb induded in the Annual Report other than the financial
staterrEnts and our Auditors, 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,
except to the extent otherwise expliutly stated in our report. we do not express any form of assuran
conclusion thereon, Our responsibility IS to read the other information and, in doing so. consider whether the
other infonnation is materially inconsistent with the financial statements or our knowledge obtained in the
course of the audit, or otherwlse appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to detemiine whether this gives rise to a materlal
misstatement in the financial stat8ments 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.
Matter5 on which we are requir•d to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion:
the infonnation given in the Trustees, Report is inconsistent in any material respect with the financial
statements; or
sufficient accounting records have not been kept. or
the financial statements are not in agreement with the accounting records and returns. or
we have not received all the information and explanations we require for our audit.
Responsibilltles of trustees
As explained more fully in the Trustees. Responsiblllties Statemant, the Trustees are responsib18 for the
preparation of the financial statements and for being satisfied that they give a true and falr view, and for such
internal control as the TNStees deternine is necessary to enable the preparation of finanGial 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 charlty's ability to continue
as a going concem, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the Trustees either intend to liquidate the charity or to cease operation5, or have no
realistic altemative but to do so.
Page 7

THE MIKE GOOLEY TRAILFINDERS CHARITY
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MIKE GOOLEY TRAILFINDERS
CHARITY (CONTINUED)
Auditors. responsibillties for the audlt of the financial statements
We have been appointed as audltor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectlves are to obtain reasonable assurance about whether the flnancial statements as a whole are free
from materlal misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our
opinlon. Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conducted in
accordance with ISAS (UK) wlll always detect a rnaterlal misstatement when it exlsts. 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.
Irregularltles, Including fraud, are Instances of non-compliance wlth laws and regulations. We design
procedures in line with our responsibillties, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detectlng irregularities,
induding fraud is detailed below:
Enquiry of management and those charged with governance around actual and potential litigation and
claims.
Enquiry of management and those charged with govemance to identify any instances of non-compliance
with laws and regulations related to Charities Act 2011 and induding the provisions of 8pplicable legislation
and guidance issued by the Charity Commission.
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations, such as the Companies Act 2006.,
Pefonning audit work over the risk of management oveffide of controls, including testing of journal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the nomal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that compllance with a law or I'egulation is removed from the events and transactions
reflected in the financial statements, as we will be less Ilkely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's webstte at: ￿W.frC.o
-uklaudltorsres
onsibilities. This descript5on fomis part of our
Auditors, Report.
Page 8

THE MIKE GOOLEY TRAILFINDERS CHARITY
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MIKE GOOLEY TRAILFINDERS
CHARITY (CONTINUED)
Use of our report
This report is made solely to the Charity's trustees. as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the
Charity's trustees those matters we are required to state to them in an Auditors, 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 Charity's and its trustees, as a body, for our audit work. for this report. or for the opinions we have formed.
Xeinadin Audit Limited
Chartered Accountants
Statutory Auditors
8th Floor
Becket House
36 Old Jewry
London
Date: 18 Feb 25
Page 9

THE MIKE GOOLEY TRAILFINDERS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Income from:
Donations
Interest receivable and rental income
4,500.000
173,561
4,500,000
173,561
8,000.000
150.415
Total income
4,673,561
4.673,561
8,150.415
Expenditure on:
Donations and sponsorship
Administration
Depreciation
3,443.359
94,991
724.756
3.443,359
94.991
724,756
4,733.147
75,433
680,825
10
Total gxpendlture
4,263.106
4.263,106
5,489.405
Net movement in funds
410,455
410,455
2,661,010
Reconciliation of funds:
Total funds brought for4vard
Net movement in funds
28,324,694
410,455
28,324,694
410,455
25,663, 684
2,661,010
Total funds carrled forward
28,735,149
28,735,149
28,324,694
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 22 form part of these financial statsments.
Page 10

THE MIKE GOOLEY TrAILFINOERS CHARITY
CHARITY NUMBER: 1048993
BALANCE SHEET
AS AT 30 JUNE 2024
2024
2023
Nots
Fixed assets
Tangible assets
10
28,379.221
25,523, 198
28,379,221
25,523. 198
Current assets
Debtors
Cash at bank and in hand
11
162,196
254,563
74,577
2, 852,395
416,759
2.926,972
Creditors: amounts falling due within one
year
12
(60.831)
(125,476)
Net current assets
355,928
2,801,496
Total assets less Gurrent liabllltles
28,735,149
28.324,694
Total net assets
28,735,149
28,324,694
Charity funds
Unrestricted funds
13
28,735,149
28,324,694
Total funds
28,735,149
28,324,694
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf
by:
Sir M D W Gooley
(Chair of Trustees)
Date: i ¥(ozlis
The notes on pages 13 to 22 form part of these financial ststements.
Mr J C O'Dowd
Page 11

THE MIKE GOOLEY TRAILFINDERS CHARITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
2024
2023
Cash flows from operating activities
Net cash used in operating activities
982,947
3,391,507
Cash flows from investing actlvlties
Purchase of tangible fixed assets
Donation of tangible fixed assets
(3,580,779) (1,264,157)
42.281
Net cash used In investlng activitles
(3,580,779) (1,221,876)
Cash flows from financlng activities
Net cash provided by financing activitles
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
(2,597,832) 2.169,631
2,852,395
682,764
Cash and cash equivalents at the end of the year
254,563
2,852,395
The notes on pages 13 to 22 form part of these financial statements
Page 12

THE MIKE GOOLEY TRAILFINDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
General infonnation
The Mike Gooley Trailfinders Charity is a Charity reglstered in England, United Kingdom. The address of
the registered office is given in the reference and administrative details of the Charity, its Trustees and
advisers section of these finanaal ststements.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) -
Accountlng 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 Financial Reporting Standard
applicable in the UK and Republlc of Ireland (FRS 102) and the Charities Act 2011.
The Mike Gooley Trailfinders Charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at hlstorical cost or transaction value unless otherwise
stated in the relevant accounting policy.
2.2 Incoma
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statsment of Financial Activities on a receivable basis. The balan￿ of
income received for specific purposes but not expended during the period is shown in the relevant
fvnds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the incorne is accrued.
Donated services or facilities are recognised when the Charity has control over the item, any
conditions associated with the donated item have been met, the receipt of economic benefit from
the use of the Charity of the item is probable and that economic benefit can be me8sured reliably.
On receipt, donated professional services and facilities are recognised on the basls of the value of
the gift to the Charity whlch is the amount it would have been willing to pay to obtain services or
faulities of equivalent economic benefit on the open market; a corresponding amount is then
recognised in expenditure in the period of re￿ipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page 13

THE MIKE GOOLEY TRAILFINDERS CHARrrY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Accountlng pollcies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economi
benefrt 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 dassified by
activity, The costs of each activity are made up of the total of direct 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 contrlbute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
actlvities on a basis consistent with the use of reSoU￿s. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on ralslng funds Includes all expenditure incurred by the Charity to rdise funds for its
charltable purposes and includes costs of all fundrdising activities events and non-charitable
trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is indusive of irrecoverable VAI".
2.4 Interest receivable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the Charity: this is normally upon notffication of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Tanglble fixed assets and depreclation
Tangible fixed assets costing £1.000 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Assets under construction are accounted for at cost, based on direct costs incurred to 30 June
2024. These assets are not depreciated until the accounting period in which they are brought into
use.
Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value
over thelr estimated usefvl lives. using the straight-line method.
Depreciation is provided on the following bases:
Freehold property
30 - 50 years straight line basis
Fixtures and fittings
20/0-200/0 straight line basis
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 14

THE MIKE GOOLEY TrAILFINDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies (continuad)
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.8 Liablllties and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlemen( and the
amount of the settlement can be estlmated reliably.
Liabilities are recognised at the amount that the Charity antlclpates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estlmate of the amounts required to settle the obllgation,
Where the effect of the time value of money is material, the provision is based on the present value
of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the
liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a
finance cost.
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qU81ify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement v,'alue with the exception of bank loans which are
subsequently measured at amortlsed cost using the effective interest method.
2.10 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectNes of the Charity and which have not been designated for other
purposes.
Critical accounting estimate5 and areas of Judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that a￿ believed to be reasonable under the
circumstances.
CritiGal judgements
The trustees are of the view that there are no further critical judgements (apart from those involving
estimates) in applying their accounting policies that have had a significant effect on amounts recognised
in the financial statements.
Key sources of estimation uncertalnty
The trustees are of the view that there are no estimates or assumptions that have a significant risk of
causing a material adjustment to the carrying amount of assets and liabilities.
Page 15

THE MIKE GOOLEY TRAILFINDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Income from donations
Unrestricted
funds
2024
Total
funds
2024
Donations
Gift Aid
3,900,000
600.000
3,900,000
600,000
4,500,000
4,500,000
Unrestricted
funds
2023
Total
fvnds
2023
Donations
8, 000,000
8,000.000
Interest recelvable and other incoming resources
Unrestrlcted
funds
2024
Total
funds
2024
Rental Income
Interest Receivable
138,000
35,561
138.000
35,561
173,561
173.561
Unrestricted
fvnds
2023
Total
funds
2023
Rental Income
Interest Receivable
138, 000
t2,415
138.000
12,415
150,415
150,415
Page 16

THE MIKE GOOLEY TRAILFINDERS CHARrrY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Donatlons and Sponsorships
Unrestricted
funds
2024
Total
funds
2024
Sponsorships
Donations
2,334.845
1,108.514
2.334.845
1.108,514
3,443.359
3,443,359
Unrestricted
fvnds
2023
Total
fvnds
2023
Sponsorships
Donations
3,403,448
1,329, 699
3,403,448
1,329,699
4,733, 147
4,733,147
Page 17

THE MIKE GOOLEY TRAILFINDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Management and administration
Unrestricted
funds
2024
Total
2024
Repairs
Rates
Audit fees
Legal and Professional
Insurance
Maintenance
Computerisation
Bank charges
37,919
23,134
9.000
12,155
11,677
804
286
16
37,919
23,134
9,000
12,155
11,677
286
16
94,991
94,991
Unrestricted
fvnds
2023
Total
2023
Repairs
Rates
Audit fees
Legal and professional
Insurance
Bank charges
t4,389
23,092
19,775
10,100
8,066
Iq
14,389
23,092
19,775
10,100
8,066
75,433
75,433
Auditors. remuneration
2024
2023
Fees payable to the Charfty's auditor for the audit of the Charity's annual
accounts
8,000
8,000
Page 18

THE MIKE GOOLEY TRAILFINDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Trustees. remuneration and expen58S
During the year, no Trustees re￿iVed any remuneration or other benefits (2023 - £NIL).
During the year ended 30 June 2024, no Trustee expenses have been incurred (2023- £NIL).
10. Tangible fixed assets
Assets
Freehold Fixtures and
under
property
flttings construction
Totsl
Cost or valuation
At 1 July 2023
Additions
30,682,582
2,985,600
644,872
95,556
31,327.454
3.580,779
499,623
At 30 June 2024
33,668,182
740,428
499,623 34,908.233
Depreciatlon
At 1 July 2023
Charge for the year
5,374,724
673,893
429,532
50,863
5,804,256
724756
At 30 June 2024
6,048.617
480,395
6,529,012
Net book value
At 30 June 2024
27,619,565
260,033
499,623 28,379,221
At 30 June 2023
25,307,858
215,340
25.523, 198
11. Debtors
2024
2023
Due within one year
Other debtors
Prep8yments and accrued income
121,093
41,103
28,676
45,901
162,196
74,577
Page 19

THE MIKE GOOLEY TRAILFINDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
12. Creditors: Amounts falling due within one year
2024
2023
Trade c￿dItorS
Accruals
51,330
9,501
11,882
113,594
60,831
125,476
13. Statement of funds
Statement of funds - current year
Balanc• at
30 June
2024
Balance at 1
July 2023
Income Expenditurn
Unrestrlcted funds
General Funds - all funds
28,324,694
4,673,561
(4,263,106) 28,735,149
Statement of funds - prlor year
Balance at
30 June
2023
Balance 8t
l July 2022
Income Expenditure
Unrestricted funds
General Funds - all funds
25,663,684
8, 150,415 (5,489,405) 28,324,694
Page 20

THE MIKE GOOLEY TRAILFINDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
14. Analysis of net assets between funds
Analysis of net asset5 between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
28.379,221 28,379,221
416,759
416.759
(60,831)
(60,831)
Total
28,735,149 28,735,149
Analysis of nat assets between funds - prior perlod
Unr9Stricted
funds
2023
Total
fvnds
2023
Tangible fixed assets
Current assets
Creditors due within one year
25, 523, 198 25,523, 198
2,926,972
2,926,972
(125,476)
(125,476)
28,324,694 28,324,694
Total
15. R•conciliation of net movement in funds to net cash flow from operating activitias
2024
2023
Net income for the period (as per Ststement of Financial Activities)
410,455
2,661,010
Adjustrnents for:
Depreciation charges
Increase in debtors
Increasel(decrease) in creditors
724,756
(87,619)
(56,645)
680,825
(54.381)
104,053
Net cash provlded by operating actlvlties
990,947
3,391,507
Page 21

THE MIKE GOOLEY TRAILFINDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
16. Analysis of cash and cash equlvalents
2024
2023
Cash in hand
254,563
2,852,395
Total cash and cash equivalents
254,563
2.852.395
17. Analysis of changes in net debt
At 1 July
2023 Cash flows
At 30 June
2024
Cash at bank and in hand
2,852,395 (2,597,832)
254,563
2,852,395 (2,597,832)
254,563
18. Related party transactions
During the year, donations totalling £1,500,000 (2023: £8,000,000) were received from Trailfinders
Limited, a company owned and controlled by Sir M D W Gooley, C.B.E. Payments totalling £10,200
(2023: £7,950) were paid to Tr8ilfinders Limited in the year. There were no amounts outstanding as at
the year end (2023: £nil).
During the year, donations totalllng £2,400,000 (2023: £nil) were recelved from Sir M D W Gooley,
C.B.E.
The land and buildings owned by the tharity are leased to Trailfinders Sports Club Limited. a company in
which Sir M D W Gooley, C.B.E and Lady F K Gooley are unpaid directors with no vested interest.
During the year, rental income of £138,000 (2023: £138.000) was eamed from Trailfinders Sports Club
Limited in respect of this lease arrangement. There were no amounts outstanding as at the year end
(2023: £nil).
During the year. payments totalling £2,419,050 (2023: £3.397,448) were paid to Ealing Trailfinders
Professional Rugby Management Limited, a company owned and controlled by Sir M D W Gooley,
C.B.E. No amounts were outstanding as at the year end {2023: £nil).
There are no other outstanding balan￿ at the year end in respect of any transactions with related
parties.
Page 22