## GOSLING TRUST
Registered Number 04451021 (England and Wales)
## Unaudited Financial Statements for the Year Ended
## 31 December 2021
## GOSLING TRUST
## Contents of the Financial Statements
|Company Information|2|
|---|---|
|Trustees' Report|3|
|Accountants' Report|4|
|Profit and Loss Account|5|
|Balance Sheet|6|
|Statement of Changes in Equity|8|
|Notes to the Financial Statements|9|
|Detailed Profit and Loss Account|11|
This page does not form part of the statutory financial statements
1
## GOSLING TRUST
## Company Information
for the year from 1 January 2021 to 31 December 2021
**Trustees** Michael Howard Eastel James Benjamin Gentile John Voaden Rebecca Graham Emma Tunley **Registered Address** Goosewell Primary School Furzehatt Villas Plymstock Plymouth PL9 9HD **Registered Number** 04451021 (England and Wales)
2
## GOSLING TRUST
## Trustees' Report
The trustees present their report and the financial statements of the company for the year ended 31 December 2021.
The trustees who served during the year were as follows:
Michael Howard Eastel
James Benjamin Gentile
John Voaden (Appointed 27 April 2021)
Rebecca Graham (Appointed 27 May 2021)
Emma Tunley (Appointed 27 May 2021)
The report of the trustees has been prepared taking advantage of the small companies exemptions of Section 415A of the Companies Act 2006.
## **By order of the board:**
Michael Howard Eastel Trustee
14 April 2022
3
## GOSLING TRUST
## Accountants' Report
## **Chartered Accountants' report to the trustee on the preparation of the unaudited statutory financial statements of GOSLING TRUST (the company) for the year ended 31 December 2021.**
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 December 2021 which comprise the Profit and Loss accounts, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales(ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the trustees of the company, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the trustees of the company, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its trustees, as a body, for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of the company. You consider that the company is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Business Vision Unit 4, Sandy Court Ashleigh Way Plympton Plymouth PL7 5JX
Date: 14 April 2022
This page does not form part of the statutory financial statements
4
## GOSLING TRUST
## Profit and Loss Account
## for the year from 1 January 2021 to 31 December 2021
|**Notes**
**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
Other interest receivable and similar income
**(Loss)/profit before taxation**
**(Loss)/profit for the year**|**2021**
**£**
70,225
(2,754)|**2020**
**£**
67,913
(2,110)|
|---|---|---|
||67,471
(68,055)
2|65,803
(52,140)
7|
||(582)|13,670|
||(582)|13,670|
5
## GOSLING TRUST
## Balance Sheet as at
## 31 December 2021
|**Notes**
**Fixed assets**
Tangible assets
5
**Current assets**
Debtors
6
Cash at bank and on hand
**Creditors amounts falling due within**
**one year**
7
**Net current assets (liabilities)**
**Total assets less current liabilities**
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholders' funds**|**2021**
**£**
**£**
2,123
2,123
848
41,084
41,932
(3,492)
38,440
40,563
40,563
40,563
40,563|**2020**
**£**
**£**
2,369
2,369
733
40,411
41,144
(2,369)
38,775
41,144
41,144
41,144
41,144|**2020**
**£**
**£**
2,369
2,369
733
40,411
41,144
(2,369)
38,775
41,144
41,144
41,144
41,144|
|---|---|---|---|
||||2,369
38,775|
||41,932
(3,492)|41,144
(2,369)||
|||||
||||41,144|
||||41,144|
||||41,144|
||||41,144|
The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The trustees have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
6
The financial statements were approved and authorised for issue by the Board of Trustees on 14 April 2022, and are signed on its behalf by:
Michael Howard Eastel **Trustee Registered Company No. 04451021**
7
## GOSLING TRUST
## Statement of Changes in Equity
|**Balance At 1 January 2020**
**For the Period Ending 31 December 2020**
Profit and loss in the period
Further item of increase (decrease) in equity
**Balance At 31 December 2020**
**For the Period Ending 31 December 2021**
Profit and loss in the period
Further item of increase (decrease) in equity
**Balance At 31 December 2021**|**Profit**
**and loss**
**account**
**£**|**Total**
**£**|
|---|---|---|
||27,473|27,473|
||13,670
1|13,670
1|
||41,144|41,144|
||(582)
1|(582)
1|
||40,563|40,563|
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## GOSLING TRUST
## Notes to the Financial Statements
## for the year ended 31 December 2021
## **1. STATUTORYINFORMATION**
The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
## **2. COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK**
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
## **3. ACCOUNTING POLICIES**
## **Property, plant and equipment policy**
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
||**Reducing**|**Straight**|
|---|---|---|
||**balance**|**line**|
||**(%)**|**(years)**|
|Plant and machinery|25|-|
|Fixtures and fittings|-|4|
|Vehicles|-|3|
## **Revenue recognition policy**
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
## **Employee benefits policy**
Contributions to defined contribution plans are expensed in the period to which they relate.
## **4. EMPLOYEE INFORMATION**
||**2021**|**2020**|
|---|---|---|
|Average number of employees during the year|17|17|
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## **5. PROPERTY, PLANT AND EQUIPMENT**
|**Cost or valuation**
At 01 January 21
Additions
At 31 December 21
**Depreciation and impairment**
At 01 January 21
Charge for year
At 31 December 21
**Net book value**
At 31 December 21
At 31 December 20|**Total**
**£**
11,424
838|
|---|---|
||12,261|
||9,056
1,083|
||10,139|
|||
||2,123|
||2,369|
## **6. DEBTORS**
|Trade debtors / trade receivables
Prepayments and accrued income
Total|**2021**
**£**
64
784|**2020**
**£**
20
713|
|---|---|---|
||848|733|
## **7. CREDITORS WITHIN ONE YEAR**
|Other creditors
Total|**2021**
**£**
3,492|**2020**
**£**
2,369|
|---|---|---|
||3,492|2,369|
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## GOSLING TRUST
## Detailed Profit and Loss Account
## for the year from 1 January 2021 to 31 December 2021
|**Turnover**
Funding - After School Club
Funding - Breakfast Club
Funding - Holiday Club
Parental Fees - After School Club
Parental Fees - Breakfast Club
Parental Fees - Holiday Club
Sundry Receipts
**Cost of sales**
Food Shopping
**Gross profit**
Gross Profit
**Administrative expenses**
Accountancy fees
Administration
Advertising
Cleaning and Food Prep
Computer software and support
Depreciation Expense
Employer Pension Expense
Insurance
Materials
Rent
Repairs and renewals
Sage fees|**2021**
**£**
-
-
2,112
32,794
23,751
8,569
2,999|**2020**
**£**
275
37
400
16,101
14,252
11,347
25,501|
|---|---|---|
||70,225
2,754|67,913
2,110|
||2,754
67,471|2,110
65,803|
||67,471
1,158
1,265
-
742
511
1,083
239
534
484
4,238
1,421
1,675|65,803
720
683
41
515
349
1,015
-
511
63
3,006
1,227
2,393|
This page does not form part of the statutory financial statements
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|Staff Training
Stationery
Sundry Expenses
Telephone & Internet
Wages
**Other interest receivable and similar income**
Bank Interest Received
**Profit/(loss) for the year**
Net Profit|**2021**
**£**
560
277
1,021
291
52,556|**2020**
**£**
-
473
912
306
39,926|
|---|---|---|
||68,055
2|52,140
7|
||2
(582)|7
13,670|
||(582)|13,670|
This page does not form part of the statutory financial statements
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