2025-06-30-accounts

Charity number: 1048993

THE MIKE GOOLEY TRAILFINDERS CHARITY

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

THE MIKE GOOLEY TRAILFINDERS CHARITY

CONTENTS

	Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers	1
Trustees’ Report	2-5
Independent Auditors’ Report on the Financial Statements	6-9
Statement of Financial Activities	10
Balance Sheet	11
Statement ofCash Flows	12
NotestotheFinancialStatements	13-22

THE MIKE GOOLEY TRAILFINDERS CHARITY

GV7V———————

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025

Trustees

Sir MD W Gooley, C.B.E Mrs B M Gooley Mr T P Gooley Lady F K Gooley Ms SHE Machin Mr J C O'Dowd

Charity registered number 1048993 Registered office 9 Abingdon Road London W8 6AH

Page 1

THE MIKE GOOLEY TRAILFINDERS CHARITY

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025

The Trustees present their annual report together with the audited financial statements of the Charity for the 1 July 2024 to 30 June 2025. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 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).

Objectives and activities

a. Policies and objectives

The Charity's principal objective is to benefit other bodies, trusts, associations, local community, institutions or organisations established or about to be established for charitable purposes.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

Achievements and performance

a. Review of activities

Donations, gift aid and investment income during the year totalled £13,226,035 (2024: £4,673,561). Outgoings totalled £8,434,565 (2024: £4,263,106). Income exceeded expenditure by £4,791,470 (2024: £410,455), increasing the balance of the general fund carried forward to £33,526,619 (2024: £28,735,149).

Financial review

a. Going concern

After making appropriate enquiries, 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.

Structure, governance and management

a. Constitution

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 terms of the Trust deed.

Page 2

THE MIKE GOOLEY TRAILFINDERS CHARITY

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

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 objectives 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 MD W Gooley, C.B.E, who is also the Founder Trustee of the Charity.

d. Policies adopted for the induction and training of Trustees

New Trustees are met by the founder of the charity and are given a detailed briefing. Trustees have access to appropriate training courses as required.

e. Land and Buildings

The Charity continues to own a sports ground, which it leases to Trailfinders Sports Club Limited, a company in which Sir MD W Gooley, 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 are 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 continue to earn a competitive rate of interest. The simple nature of the Charity and the small number of transactions enable the control and reconciliation 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 minimal.

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 occurs, 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 £33,526,619 were held in an unrestricted general fund, compared to £28,735,149 in the previous year. Of this amount, £29,156,038 (2024: £28,379,221) is represented by fixed assets, leaving free reserves of £4,370,581 (2024: £355,928).

Page 3

THE MIKE GOOLEY TRAILFINDERS CHARITY

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TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
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Plans for future periods

The Founder of the Charity is also the sole owner of the Trailfinders Group of companies, which is the Charity's main benefactor, and so continued incoming resources 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 Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted 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 resources 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 concern 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 Charity's 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 information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

• ° so far as that Trustee is aware, there is no relevant audit information 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 charity's auditors are aware of that information.

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THE MIKE GOOLEY TRAILFINDERS CHARITY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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

Opinion

We have audited the financial statements of The Mike Gooley Trailfinders Charity (the 'charity') for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of 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 Financial 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 charity's affairs as at 30 June 2025 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.

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 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 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 concern 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 concern 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.

Page 6

THE MIKE GOOLEY TRAILFINDERS CHARITY

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE MIKE GOOLEY TRAILFINDERS CHARITY (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements 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 explicitly stated in our report, 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 where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

• . the information 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.

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees 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 concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative 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' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 Auditors' 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:

• e Enquiry of management and those charged with governance around actual and potential litigation and claims;

• e Enquiry of management and those charged with governance to identify any instances of non-compliance with laws and regulations related to Charities Act 2011, Charities (Accounts and Reports) Regulation 2008, the Charities SORP; and including the provisions of applicable legislation and guidance issued by the Charity Commission;

• e Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations, such as the Companies Act 2006;

• e Peforming audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal 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 compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely 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 website at: www.frc.org.uk/auditorsresponsibilities. This description forms 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.

Yasin Khandwalla FCCA (Senior Statutory Auditor)

for and on the behalf of Xeinadin Audit Limited

Chartered Accountants Statutory Auditors

8th Floor

Becket House

36 Old Jewry

London

Date:

Page 9

THE MIKE GOOLEY TRAILFINDERS CHARITY

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025

		Unrestricted	Total	Total
		funds	funds	funds
		2025	2025	2024
	Note	£	£	£
Income from:
Donations	4	13,000,000	13,000,000	4,500,000
Interest receivable and rental income	5	226,035	226,035	173,561
Total income		13,226,035	13,226,035	4,673,561
Expenditure on:
Donations and sponsorship	6	7,419,318	7,419,318	3,443,359
Administration	7	185,565	185,565	94,991
Depreciation	10	829,682	829,682	724,756
Total expenditure		8,434,565	8,434,565	4,263,106
Net movement in funds		4,791,470	4,791,470	410,455
Reconciliation offunds:
Total funds brought forward		28,735,149	28,735,149	28,324,694
Net movement in funds		4,791,470	4,791,470	410,455
Totalfundscarriedforward		33,526,619	33,526,619	28,735,149

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 statements.

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THE MIKE GOOLEY TRAILFINDERS CHARITY
CHARITY NUMBER: 1048993
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BALANCE SHEET
AS AT 30 JUNE 2025
2025 2024
Note £ £
Fixed assets
Tangible assets 10 29,156,038 28,379,221
29,156,038 28,379,221
Current assets
Debtors 11 112,336 162,196
Cash at bank and in hand 4,341,447 254,563
4,453,783 416,759
Creditors: amounts falling due within one
year 12 (83,202) (60,831)
Net current assets 4,370,581 355,928
Total assets less current liabilities 33,526,619 28,735,149
Total net assets 33,526,619 28,735,149
Charity funds
Unrestricted funds 13 33,526,619 28,735,149
Total funds 33,526,619 28,735,149
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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:

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Sir M D W Gooley Mr J C O'Dowd
(ChairDate: of Trustees) }
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The notes on pages 13 to 22 form part of these financial statements.

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THE MIKE GOOLEY TRAILFINDERS CHARITY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Cash|flows|from|operating|activities| |Net|cash|used|in|operating|activities|5,693,385|982,947| |Cash|flows|from|investing|activities| |Purchase|of tangible|fixed|assets|(1,606,501)|(3,580,779)| |Net|cash|used|in|investing|activities|(1,606,501)|(3,580,779)| |Change|in|cash|and|cash|equivalents|in|the|year|4,086,884|(2,597,832)| |Cash|and|cash|equivalents|at|the|beginning|of the|year|254,563|2,852,395| |Cash|and|cash|equivalents|at the|end|of the|year|4,341,447|254,563| |The|notes|on|pages|13|to|22|form|part|of these|financial|statements|

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Page 12

THE MIKE GOOLEY TRAILFINDERS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1. General information

The Mike Gooley Trailfinders Charity is a Charity registered 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 financial statements.

1. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic 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 historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

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 Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds 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 income 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 measured reliably.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

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 CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.3 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 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 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 allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising 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 inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

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 2025. 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 tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold property - 30 - 50 years straight line basis Fixtures and fittings - 2%-20% 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.

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2.7 Cash at bank and in hand
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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.

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THE MIKE GOOLEY TRAILFINDERS CHARITY
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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2. Accounting policies (continued)

2.8 Liabilities

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 settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

3. Critical accounting estimates 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 are believed to be reasonable under the circumstances.

Critical 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 uncertainty

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.

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THE MIKE GOOLEY TRAILFINDERS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

4. Income from donations

	Unrestricted	Total
	funds	funds
	2025	2025
	£	£
Donations	13,000,000	13,000,000
	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
Donations	3,900,000	3,900,000
Gift Aid	600,000	600,000
	4,500,000	4,500,000

5. Interest receivable and other incoming resources

	Unrestricted	Total
	funds	funds
	2025	2025
	£	£
Rental Income	138,000	138,000
Interest Receivable	88,035	88,035
	226,035	226,035
	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
Rental Income	138,000	138,000
Interest Receivable	35,561	35,561
	173,561	173,561

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THE MIKE GOOLEY TRAILFINDERS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

6. Donations and Sponsorships

	Unrestricted	Total
	funds	funds
	2025	2025
	£	£
Sponsorships	2,629,004	2,629,004
Donations	4,790,314	4,790,314
	7,419,318	7,419,318
	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
Sponsorships	2,334,845	2,334,845
Donations	1,108,514	1,108,514
	3,443,359	3,443,359

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THE MIKE GOOLEY TRAILFINDERS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

7. Management and administration

	Unrestricted
	funds	Total
	2025	2025
	£	£
Repairs	91,395	91,395
Rates	24,319	24,319
Audit fees	11,000	11,000
Legal and Professional	3,550	3,550
Insurance	12,376	12,376
Maintenance	34,696	34,696
Computerisation	8,214	8,214
Bank charges	15	15
	185,565	185,565

		Unrestricted
		funds	Total
		2024	2024
		£	£
	Repairs	37,919	37,919
	Rates	23,134	23,134
	Audit fees	9,000	9,000
	Legal and professional	12,155	12,155
	Insurance	11,677	11,677
	Maintenance	804	804
	Computerisation	286	286
	Bank charges	16	16
		94,991	94,991
8.	Auditors' remuneration
		2025	2024
		£	£
	Fees payable to the Charity's auditor forthe audit ofthe Charity's annual
	accounts	8,000	8,000

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THE MIKE GOOLEY TRAILFINDERS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 30 June 2025, no Trustee expenses have been incurred (2024 - £NIL).

10. Tangible fixed assets

				Assets
		Freehold	Fixtures and	under
		property	fittings	construction	Total
		£	£	£	£
	Cost or valuation
	At 1 July 2024	33,668,182	740,428	499,623	34,908,233
	Additions	871,311	641,695	93,495	1,606,501
	At 30 June 2025	34,539,493	1,382,123	593,118	36,514,734
	Depreciation
	At 1 July 2024	6,048,617	480,395	-	6,529,012
	Charge for the year	691,317	138,367	-	829,684
	At 30 June 2025	6,739,934	618,762	-	7,358,696
	Net book value
	At 30 June 2025	27,799,559	763,361	593,118	29,156,038
	At30 June 2024	27,619,565	260,033	499,623	28,379,221
11.	Debtors
				2025	2024
				£	£
	Due within one year
	Other debtors			82,360	121,093
	Prepayments and accrued income			29,976	41,103
				112,336	162,196

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THE MIKE GOOLEY TRAILFINDERS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

12. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	73,200	51,330
Accruals	10,002	9,501
	83,202	60,831

13. Statement of funds

Statement of funds - current year

				Balance at
	Balance at 1			30 June
	July 2024	Income	Expenditure	2025
	£	£	£	£
Unrestricted funds
General Funds- all funds	28,735,149	13,226,035	(8,434,565)	33,526,619
Statement offunds- prioryear
				Balance at
	Balance at			30 June
	1 July2023	Income	Expenditure	2024
	£	£	£	£
Unrestricted funds
GeneralFunds-allfunds	28,324,694	4,673,561	(4,263,106)	28,735,149

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THE MIKE GOOLEY TRAILFINDERS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total| |funds|funds| |2025|2025| |£|£| |Tangible|fixed|assets|29,156,038|29,156,038| |Current|assets|4,453,783|4,453,783| |Creditors|due|within|one|year|(83,202)|(83,202)| |Total|33,526,619|33,526,619|

----- End of picture text -----

Analysis of net assets between funds - prior year

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total| |funds|funds| |2024|2024| |£|£| |Tangible|fixed|assets|28,379,221|28,379,221| |Current|assets|416,759|416,759| |Creditors|due|within|one|year|(60,831)|(60,831)| |Total|28,735,149|28,735,149|

----- End of picture text -----

15. Reconciliation of net movement in funds to net cash flow from operating activities

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----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Net|income|for the|year|(as|per|Statement|of|Financial|Activities)|4,791,470|410,455| |Adjustments|for:| |Depreciation|charges|829,684|724,756| |(Increase)/decrease|in|debtors|49,860|(87,619)| |Increase/(decrease)|in|creditors|22,371|(56,645)| |Net cash|provided|by|operating|activities|5,693,385|990,947|

----- End of picture text -----

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THE MIKE GOOLEY TRAILFINDERS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

16. Analysis of cash and cash equivalents

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----- Start of picture text -----
2025 2024
£ £
4,341,447 254,563
4,341,447 254,563
----- End of picture text -----

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----- Start of picture text -----
Cash in hand 4,341,447 254,563
Total cash and cash equivalents 4,341,447 254,563
17. Analysis of changes in net debt
At 1 July At 30 June
2024 Cash flows 2025
£ £ £
Cash at bank and in hand 254,563 4,086,884 4,341,447
254,563 ~~ 4,086,884 4,341,447
----- End of picture text -----

18. Related party transactions

During the year, donations totalling £13,000,000 (2024: £1,500,000) were received from Trailfinders Limited, a company owned and controlled by Sir M D W Gooley, C.B.E. Payments totalling £19,700 (2024: £10,200) were paid to Trailfinders Limited in the year. There were no amounts outstanding as at the year end (2024: Enil).

During the year, donations totalling £nil (2024: £2,400,000) were received from Sir MD W Gooley, C.B.E.

The land and buildings owned by the charity 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 £130,000 (2024: £130,000) was earned from Trailfinders Sports Club Limited in respect of this lease arrangement. There were no amounts outstanding as at the year end (2024: Enil).

During the year, payments totalling £2,619,503 (2024: £2,419,050) were paid to Ealing Trailfinders Professional Rugby Management Limited, a company owned and controlled by Sir MD W Gooley, C.B.E. No amounts were outstanding as at the year end (2024: Enil).

There are no other outstanding balances at the year end in respect of any transactions with related parties.

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