Gladstone Charitable Trust
Registered Charity no. 1118111
Financial Statements for the year ended
30 November 2022
Gladstone Charitable Trust
For the year ended 30 November 2022
The Management Committee have pleasure in presenting their report and the un-audited Financial Statements for the year ended 30 November 2022
Reference and Administrative Details
| Charity No | 1118111 |
|---|---|
| Principal Office | 6 Keswick Street |
| Gateshead | |
| NE8 1TQ | |
| Independent Examiner | Mark Thompson MAAT |
| 42 Lesbury Road | |
| Heaton | |
| Newcastle upon Tyne | |
| NE6 5LB | |
| Bankers | Unity Trust Bank |
| Nine Brindleyplace | |
| Birmingham | |
| NE21 5QE | |
| B1 2HB | |
| Management Committee | Mr J Fordsham |
| Mrs J Fordsham | |
| Mr J Katz |
Trustees Report For the year ended 30 November 2022
Background
The charity was registered with the Charity Commission on 26 February 2007
The Charities Objects are:
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1) The relief of poverty in the Jewish community worldwide
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2) The advancement of education according to the beliefs and values of the Jewish faith worldwide.
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3) Any charitable purpose at the discretion of the Trustees for the benefit of the community.
Annual Summary
As stated in our previous year's report, the reading remedial programme initiated by the charity has been handed over to another agency. The charity continues to refer users and provide backup and support in this regard. A large focus remains assisting children and teenagers with special educational /emotional needs to provide advocacy, guidance and therapeutic interventions. Feedback has been extremely positive. Outside support for the charity has been good. In addition the charity owns•property which is generating a steady income stream.
Statement of Trustees' responsibilities
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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·• Make judgements and estimates that are reasonable and prudent;
·• State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- ·• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the the charity will continue in operational existence
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. 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.
Approved by the trustees and signed on their behalf by:-
......................................................
INDEPENDENT EXAMINER'S REPORT
| Report to the trustees of |
Gladstone Charitable Trust |
|---|---|
| On accounts for the year ended |
30 November 2022 Charity no: 1118111 |
| Respective | The trustees of the organisation are responsible for the preparation of |
| responsibilities of | accounts; they consider that an audit is not required for this year under |
| trustees and | section 144(2) of the Charities Act 2011 and that an Independent |
| examiner | Examination is needed. |
| It is my responsibility to | |
| �•examine the accounts (under section 145 of the 2011 Act), | |
| �•follow the procedures laid down in the General Directions given by the | |
| Charity Commission (under section 145(5)(b) of the Act), and | |
| �•state whether particular matters have come to my attention. | |
| Basis of | My examination was carried out in accordance with General Directions |
| independent | given by the Charity Commissioners. An examination includes a review of |
| examiner’s | the accounting records kept by the charity and a comparison of the |
| statement | accounts presented with those records. It also includes consideration of |
| any unusual items or disclosures in the accounts, and seeking | |
| explanations from the trustees concerning any such matters. The | |
| procedures undertaken do not provide all the evidence that would be | |
| required in an audit, and consequently I do not express an audit opinion | |
| on the accounts. | |
| Independent | In the course of my examination, no matter has come to my attention: |
| examiner's | 1. which gives me reasonable cause to believe that in, any material |
| statement | respect, the trustees have not met the requirements to ensure that: |
| �•proper accounting records are kept (in accordance with section 130 of | |
| the Act); and | |
| �•accounts are prepared which agree with the accounting records and | |
| comply with the accounting requirements of the Act; or | |
| 2.•to which, in my opinion, attention should be drawn in order to enable a | |
| proper understanding of the accounts to be reached. | |
| Signed: | Date: 19 July 2023 |
| Name: | Mark Thompson MAAT |
| Address: | 42 Lesbury Road |
| Newcastle | |
| NE6 5LB |
Gladstone Charitable Trust Receipts & Payments Account 1 December 2021 to 30 November 2022
| 2022-23 | 2020-21 | |
|---|---|---|
| £ | £ | |
| Receipts | ||
| Donations In | 245633 | 148070 |
| Rental Income | 12272 | 12105 |
| Total Receipts | 257905 | 160175 |
| Payments | ||
| Donations Out | 73961 | 105043 |
| Property Refurbishment | 16386 | |
| Business Rates | 297 | |
| Therapy Funding | 9672 | |
| Legal Fees & Sundry Costs | 1377 | |
| Accountancy & Professional Fees | 535 | 400 |
| Bank Charges | 105 | 103 |
| Total Payments | 91284 | 116595 |
| Surplus for the period | 166621 | 43580 |
| Total Funds at 1 December 2021 (2020) | 187958 | 144378 |
| Total Funds at 30 November 2022 (2021) | 354579 | 187958 |
Gladstone Charitable Trust Balance Sheet as at 30 November 2022
| Gladstone Charitable Trust Balance Sheet as at 30 November 2022 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Fixed Assets | 5 | 192950 | 192950 |
| Current Assets | |||
| Cash at Bank | |||
| Current | 206599 | 14728 | |
| Deposit | 280 | 280 | |
| Debtors | |||
| Total Current Assets | 206879 | 15008 | |
| Liabilities | 45250 | 20000 | |
| Net Assets at 30 November 2022 | 354579 | 187958 |
The financial statements were approved by the following members of the Management Committee:
| Signed…………………………………. | Position…………………………….. |
|---|---|
| Signed…………………………………. | Position…………………………….. |
Notes to the accounts for the period ending 30 November 2022
1. Basis of accounts
The accounts have been prepared on a receipts and payments basis in accordance with applicable accounting standards and follow the recommendations in the Statement of Recommended Practice: Accounting by Charities (SORP).
2. Legal Status
The Gladstone Charitable Trust is a charity registered with The Charity Commission, charity no. 1118111.
3. Trustee Payments
No remuneration was paid to trustees during the year.
4. Independent Examination
The cost for Independent Examination for the year will be £225
5. Fixed Assets
Properties purchased market value £89,950 + £103,000 Total Market Value £192,950.
No depreciation is currently applied to this asset.