## **Gosling Trust**
## **Company No. 04451021**
**Trustees Report and Unaudited Accounts**
**31 December 2023**
**Gosling Trust Contents**
||Pages|
|---|---|
|Company Information|2|
|Trustees' Report|3|
|Accountant's Report|4|
|Income and Expenditure Account|5|
|Balance Sheet|6|
|Statement of Changes in Equity|7|
|Notes to the Accounts|8 to 10|
Page 1
**Gosling Trust Company Information**
## **Trustees**
A.White
T. Green
M.Leader E. Tunley
L. Lambert
## **Registered Office**
Goosewell Primary School Goosewell Road Plymstock Devon PL9 9HD
## **Accountants**
Marc Lawson & Co Limited Unit 4 Sandy Court Ashleigh Way Plympton Plymouth PL7 5JX
Page 2
**Gosling Trust Trustees Report**
The Trustees present their report and the accounts for the year ended 31 December 2023.
## **Principal activities**
The principal activity of the company during the year under review was a school club.
## **Trustees**
The Trustees who served at any time during the year were as follows:
T. Green L. Lambert (Joined 1 September 2023) E. Tunley J. Voaden (Resigned 1 May 2023) M. Leader A. White
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
E. Tunley Trustee 31 December 2023
Page 3
**Gosling Trust Accountants Report ICAEW**
## **Chartered Accountant's Report to the Board of Trustees of Gosling Trust on the preparation of the unaudited statutory accounts for the year ended 31 December 2023**
In order to assist you to fulfil your duties under the Companies Act 2006 , we have prepared for your approval the accounts of Gosling Trust for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the Notes to the Accounts from the company's accounting records and from information and explanations you have given us.
As a practising member firm 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 www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Trustees of Gosling Trust, as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Gosling Trust and state those matters that we have agreed to state to the Board of Trustees of Gosling Trust, as a body, in this report in accordance with AAF 07/16 as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gosling Trust and its Board of Trustees as a body for our work or for this report.
It is your duty to ensure that Gosling Trust has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and deficit of Gosling Trust. You consider that Gosling Trust is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gosling Trust. 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 statutory accounts.
Marc Lawson & Co Limited Accountants Unit 4 Sandy Court Ashleigh Way Plympton Plymouth PL7 5JX 31 December 2023
Page 4
**Gosling Trust Income and Expenditure Account**
## **for the year ended 31 December 2023**
|**for the year ended 31 December 2023**|||
|---|---|---|
|**Turnover**
Cost of Sales
**Gross profit**
Distribution costs and selling expenses
Administrative expenses
Other operating income
**Operating deficit**
Other interest receivable
**Deficit on ordinary activities before taxation**
**Taxation**
**Deficit for the financial year after taxation**|**2023**
**£**
72,114
(4,254)
67,860
-
(68,106)
8
(238)
177
(61)
-
(61)|**2022**
**£**
72,901
(4,319)|
|||68,582
(57)
(69,733)
-|
|||(1,208)
10|
|||(1,198)
-|
|||(1,198)|
Page 5
**Gosling Trust Balance Sheet**
## **at 31 December 2023**
|**at 31 December 2023**||
|---|---|
|**Company No.**
**04451021**
**Notes**
**2023**
**£**
**Fixed assets**
Tangible assets
4
1,093
1,093
**Current assets**
Debtors
5
1,030
Cash at bank and in hand
43,265
44,295
**Creditors:**Amount falling due within one year
6
(6,085)
**Net current assets**
38,210
**Total assets less current liabilities**
39,303
**Net assets**
39,303
**Reserves**
Income and expenditure account
39,303
**Total equity**
39,303|**2022**
**£**
2,027|
||2,027
832
40,401|
||41,233
(3,896)|
||37,337
39,364|
||39,364|
||39,364|
||39,364|
## **Total equity**
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 December 2023 and signed on its behalf by:
E. Tunley Trustee 31 December 2023
Page 6
**Gosling Trust Statement of Changes in Equity**
## **for the year ended 31 December 2023**
|**for the year ended 31 December 2023**|||
|---|---|---|
|At 1 January 2022
Deficit for the year
At 31 December 2022 and 1 January
2023
Deficit for the year
At 31 December 2023|**Income and**
**Expenditure**
**Account**
**£**
40,562
(1,198)
39,364|**Total equity**
**£**
40,562|
|||(1,198)|
||||
|||39,364|
||(61)|(61)|
||39,303||
|||39,303|
||||
||||
||||
Page 7
**Gosling Trust Notes to the Accounts**
## **for the year ended 31 December 2023**
- 1 **General information**
Gosling Trust is a private company limited by guarantee and incorporated in England and Wales. Its registered number is: 04451021 Its registered office is: Goosewell Primary School Goosewell Road Plymstock Devon PL9 9HD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
- 2 **Accounting policies**
## **Turnover**
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
- the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the Company; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
## **Tangible fixed assets and depreciation**
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery 25% Reducing balance Motor vehicles 35% Straight line Furniture, fittings and 25% Straight line equipment
Page 8
**Gosling Trust Notes to the Accounts**
## **Trade and other debtors**
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
## **Defined contribution pensions**
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## 3 **Employees**
|The average monthly number of employees (including
directors) during the year was:
**angible fixed assets**
**Cost or revaluation**
At 1 January 2023
At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
At 31 December 2023
**Net book values**
At 31 December 2023
At 31 December 2022
**ebtors**
Trade debtors
Prepayments and accrued income|**2023**
**Number**|**Fixtures,**
**fittings and**
**equipment**
**£**
9,652|**2022**
**Number**|
|---|---|---|---|
||17||17|
||**Plant and**
**machinery**
**£**
3,489||**Total**
**£**
13,141|
||3,489|9,652|13,141|
||2,894
148|8,220
786|11,114
934|
||3,042|9,006|12,048|
||447|646|1,093|
||595|1,432|2,027|
||**2023**
**£**
210
820||**2022**
**£**
50
782|
||1,030||832|
- 4 **Tangible fixed assets**
- 5 **Debtors**
Page 9
**Gosling Trust Notes to the Accounts**
## 6 **Creditors:**
amounts falling due within one year
|**reditors:**
amounts falling due within one year|||
|---|---|---|
|Taxes and social security
Other creditors
Accruals and deferred income|**2023**
**£**
1,702
44
4,339
6,085|**2022**
**£**
1,233
26
2,637|
|||3,896|
## 7 **Reserves**
Income and expenditure account - includes all current and prior period retained surpluses and deficits.
Page 10
**Gosling Trust Detailed Income and Expenditure Account**
## **for the year ended 31 December 2023**
|**Turnover**
**Cost of sales**
Purchases
**Cost of sales**
**Gross profit**
Selling and marketing expenses
Other selling and marketing costs
Advertising and PR
**Distribution costs and selling expenses**
Other administrative costs
Employee costs
Salaries/wages
Pension costs
Staff training
Premises costs
Rent
General administrative costs, including
depreciation and amortisation
Depreciation of fixtures, fittings and
equipment
Contributions to repair of play equipment
Charitable donations
Equipment repairs and maintenance
General insurances
Software, IT support and related costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional costs
**Administrative expenses**|**2023**
**£**
72,114
4,254
4,254
4,254
67,860
-
-
-
56,143
113
-
56,256
4,229
4,229
935
-
2
585
680
664
779
2,038
484
6,167
798
656
1,454
68,106|**2022**
**£**
72,902
4,319|
|---|---|---|
|||4,319|
|||4,319
68,582
57|
|||57|
||||
|||57|
|||47,245
112
70|
|||47,427|
|||4,349|
|||4,349|
|||975|
|||7,600|
|||-|
|||29|
|||579
649
830
4,344
299|
|||15,305|
|||792|
|||1,860|
|||2,652|
|||69,733|
Page 11
## **Gosling Trust Detailed Income and Expenditure Account**
|Other operating income
**Operating deficit**
Other interest receivable
Bank interest receivable
**Deficit on ordinary activities before taxation**|8
(238)
177
177
(61)|-|
|---|---|---|
|||(1,208)
10|
|||10|
||||
|||(1,198)|
Page 12