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← Maccabi London Brady Recreational Trust

2024-06-30-accounts

Registered number 08158445

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee)

Report and Accounts

30 June 2024

Registered Charity Number 1149701 Company Registration Number 08158445

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Report and accounts Contents

Page
Charity information 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Statement of cash flows 8
Notes to the accounts 9 - 15

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Company Information

Trustees

D Kyte A Landesberg J Leek L Glassar

Independent Examiner

Rayner Essex LLP Chartered Accountants Faulkner House Victoria Street St Albans AL1 3SE

Registered office

Rowley Lane Sports Ground Rowley Lane Arkley Herts EN5 3HW

Registered number

08158445

Registered Charity number

1149701

1

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Registered number: 08158445 Trustees' Annual Report for the year ended 30 June 2024

The Trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report together with the financial statements of the company for the year 1 July 2023 to 30 June 2024. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company'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 (FRS 102) (effective 1 January 2015) as amended by Update bulletin 1 (effective 1 January 2015).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013 is not required.

The Trustees, who are also the directors for the purposes of Company law, and who served during the year were:

D Kyte A Landesberg J Leek L Glassar

Objectives and Activities

a. Policies and objectives

The company's objective is to provide, for youth in the United Kingdom, facilities for recreation and other leisure time occupation; such facilities to be provided in the interests of social welfare within the meaning and subject to conditions of the Recreational Charities Act 1958; also to promote the education of the public and the advancement of religion among youth in the United Kingdom.

The Trustees have developed their strategic plans to ensure that the Company plans provides public benefit and achieves its objectives as set out in the Memorandum of Association. These objectives fall under the purposes defined by the Charities Act 2011. The Trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the Company's aims and objectives, and in planning future activities. In particular, the Trustees consider how planned objectives will contribute to the aims and objectives they have set.

b. Strategies for achieving objectives

The Company's main long-term strategy is to use the sports ground to provide the finest sporting facilities possible for the local community. In addition, the Company's long-term strategy is to make Maccabi London the focal point for the local youth community.

c. Activities for achieving objectives

From 1 January 2013, the charitable Company took over the operations of the Rowley Lane sports ground and have continued to operate it throughout the period to 30 June 2024.

On a day to day basis, the charitable Company currently focuses on providing venue facilities that are used for a diverse range of activities, for example nursery education, dance and other social events. However, the Company's main focus is to encourage the community to use its sporting facilities. Football is its main focus and teams of all ages are actively encouraged to participate. To date, teams ranging from under 6 through to over 55's (Masters) regularly play at Rowley Lane sports ground. The all-weather pitch generates significant levels of income.

2

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Registered number: 08158445 Trustees' Annual Report for the year ended 30 June 2024

Achievements and performance

Whilst there was no major capital expenditure during the financial year, the attack on Israel on October 7th 2023 caused the Board of Trustees to embark upon a major review of security.

There was a necessity to hire specialised security personnel on site along with support from CST and their volunteer teams on site. In addition to this there was a requirement to upgrade and enhance several areas of the security including entrances and exits, alarms, personal attack The Board of Trustees decided to launch a fund raising campaign which focussed on the need for enhanced security in May 2024. The campaign raised close to £350,000.

The charity continues to grow, although booking for the Clubhouse was not as good as originally forecast and some changes were subsequently made in order to improve this income stream. Rowley Lane was also made available for a number of Charities to use the venue in to help with their fund raising activities and in some case just for the use of the facilities.

Overall, the Charity's income was £845,000; this was £345,000 higher than the previous year, due to £322,000 more donations received, £15,000 more income from charitable and fund - raising activities and £8,000 more other income. Expenditure increased by £43,000 to £680,000, mainly due to increased security and maintenance costs and increased depreciation charge for assets under the course of construction brought into use during the year ended 30 June 2023, now in use for a full year.

Financial review

a. Going concern

After making appropriate enquires, the trustees have a reasonable expectation that the company had 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 details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Reserves policy

At the balance sheet date, the charity's total funds had increased by £165,000 to £1,288,000. This is mainly the result of an increase in fundraising this year. Of this sum, £1,101,000 is represented by fixed assets at the year end, a decrease of £142,000 from 30 June 2023. The charity has net current assets of £226,000 at 30 June 2024. The charity is continuing to monitor the cash flow carefully. With the new Clubhouse, facilities and pitches now fully operational and the related income stream growing, the charity will adequately fund day to day activities in the foreseeable future. The charity has returned to its target minimum level of current assets of at least £30,000. Over the medium term, the trustees aim to build reserves to fund an expansion of the charity's activities and further improve the charity's facilities.

Structure, governance and management

a. Constitution

The Company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 26 July 2012. It is a registered charity (number 1149701).

The purposes of the charitable company are to promote all purposes recognised as charitable under the law of England and Wales and in particular the promotion of, and the provision of facilities for, participation in sport, recreation and education, particularly (but not exclusively) in the Jewish community and with an emphasis on youth in sport and recreation.

3

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Registered number: 08158445 Trustees' Annual Report for the year ended 30 June 2024

b. Method of appointment or election of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Risk management

The Trustees routinely assess the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, ensuring that systems and procedures are in place to mitigate our exposure to the major risks. They review this assessment regularly.

The Trustees meet a few times every year to review financial and operating information and to discuss fundraising and capital projects.

Trustees’ responsibilities statement

The Trustees (who are also directors of Maccabi London Brady Recreational Trust for the purposes of company law) 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).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the trustees on 27 March 2025 and signed on its behalf.

A Landesberg Director

4

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Independent Examiner's Report to the Trustees of Maccabi London Brady Recreational Trust ( A Company Limited by Guarantee)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024, which are set out on pages 6 to 15.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act").

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a "true and fair view" which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Neil Heyes FCA (Senior Statutory Auditor) for and on behalf of Rayner Essex LLP Chartered Accountants St Albans Accountants and Statutory Auditors 27 March 2025 AL1 3SE

Faulkner House Victoria Street St Albans

5

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Statement of Financial Activities including Income and Expenditure Accounts for the year ended 30 June 2024

Notes
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Investments
4
Other
6
Total income
Expenditure on:
Raising funds
Charitable activities
7
Total expenditure
Net income/(expenditure) before transfers
Net income/ (expenditure) before
other recognised gains and losses
Net movements in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
365,302
422,554
48,069
178
8,400
844,503
34,966
645,006
679,972
164,531
164,531
164,531
1,123,790
1,288,321		 Unrestricted
funds
2023
£
43,406
434,580
20,531
317
-
498,834
29,084
607,925
637,009
(138,175)
(138,175)
(138,175)
1,261,965
1,123,790

6

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Registered number: 08158445 Balance Sheet as at 30 June 2024

Notes 2024 2023
£ £
Fixed assets
Tangible assets 12 1,101,417 1,243,883
Current assets 1,101,417 1,243,883
Stocks 13 1,942 1,777
Debtors 14 213,889 107,911
Cash at bank and in hand 126,827 74,250
Creditors: amounts falling due Creditors: amounts falling due 342,658 183,938
within one year 15 (116,454) (222,209)
Net current assets/(liabilities) 226,204 (38,271)
Total assets less current
liabilities 1,327,621 1,205,612
Creditors: amounts falling due Creditors: amounts falling due
after more than one year 17 (39,300) (81,822)
Net assets 1,288,321 1,123,790
Charity funds
Unrestricted funds 18 1,288,321 1,123,790
Total funds 1,288,321 1,123,790

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

A Landesberg Director Approved by the board on 27 March 2025

7

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Statement of Cash Flows for the year ended 30 June 2024

Operating activities
Profit/(loss) for the financial year
Adjustments for:
Interest receivable
Interest payable
Depreciation
Increase in stocks
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Interest received
Interest paid
Cash generated by operating activities
Investing activities
Payments to acquire tangible fixed assets
Cash used in investing activities
Financing activities
Repayment of loans
Cash used in financing activities
Net cash generated/(used)
Cash generated by operating activities
Cash used in investing activities
Cash used in financing activities
Net cash generated/(used)
Cash and cash equivalents at 1 July
Cash and cash equivalents at 30 June
Cash and cash equivalents comprise:
Cash at bank		 2024
£
164,531
(178)
8,599
146,966
(165)
(105,978)
(109,484)
104,291
178
(8,599)
95,870
(4,500)
(4,500)
(38,793)
(38,793)
95,870
(4,500)
(38,793)
52,577
74,250
126,827
126,827
126,827		 2023
£
(138,175)
(317)
8,198
123,157
(237)
30,421
7,282
30,329
317
(8,198)
22,448
(310,302)
(310,302)
(37,366)
(37,366)
22,448
(310,302)
(37,366)
(325,220)
399,470
74,250
74,250
74,250

8

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Notes to the Accounts for the year ended 30 June 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - Charities SORP (FRS 102); FRS 102, the Financial Reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard); and the Companies Act 2006.

Maccabi London Brady Recreational Trust 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.

Income

Income received from donations, Gift Aid Tax and charitable activities is measured at the fair value of the consideration received or receivable. Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be reliably measured. Income received in advance of the provision of services is deferred until the criteria for income recognition are met.

Government and other grants for the purpose of giving immediate financial support with no future related costs, including those from the Government job retention scheme, are recognised under the accrual model as income in the period in which it becomes receivable.

Expenditure

Expenditure, inclusive of any VAT that cannot be recovered, is recognised once there is a legal and 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.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and included project management carried in Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Costs of raising funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

over the term of the lease, or useful life of 10 Short-term leasehold property years Fixtures and fittings 25% reducing balance Computer equipment 25% reducing balance Sports equipment 25% reducing balance Construction Work in Progress no depreciation until brought into use as shortterm leasehold property

9

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Notes to the Accounts for the year ended 30 June 2024

Stocks

Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow-moving stocks.

Debtors

Trade and other debtors are measured at transaction price (which is usually the invoice price), less any trade discount offered and impairment losses for bad and doubtful debts. Prepayments are valued at the amount prepaid net of any trade discount due.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Fund accounting

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising funds and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2
Income from donations and legacies
Donations
3
Income from charitable activities
Football pitch hire income
Hall and facilities hire income
Catering and bar income
Car park income
4
Investment income
Other investment income		 2024
£
365,302
365,302
2024
£
279,440
64,485
56,229
22,400
422,554
2024
£
178
178		 2023
£
43,406
43,406
2023
£
288,335
59,300
64,545
22,400
434,580
2023
£
317
317

10

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Notes to the Accounts

for the year ended 30 June 2024

5
Other trading activities
Fundraising income
6
Other income
Grant income
7
Analysis of expenditure by activities
Charitable activities
8
Direct cost
Pitch and ground maintenance
Camp and youth program expenditure
Bar and catering expenses
Event costs
Car park expenses
Advertising and recruitment
Premises expenditure
Postage, stationery and printing
Telephone and fax
Computer expenses
Insurance
Sundry expenses
Football expenses
Bad debts
Staff cost
Depreciation		 Activities
undertaken
directly
2024
£
606,600		 Support
costs
2024
£
38,406		 2024
£
48,069
2024
£
8,400
8,400
Total
2024
£
645,006
2024
£
149,887
750
21,326
24,554
938
5,223
56,848
41
1,217
8,471
24,503
5,194
1,366
6,839
152,477
146,966
606,600		 2023
£
20,531
2023
£
-
-
Total
2023
£
607,925
2023
£
125,486
750
28,653
12,340
4,292
3,744
62,654
627
1,553
8,784
17,348
9,088
597
1,000
166,547
123,157
566,620

11

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Notes to the Accounts

for the year ended 30 June 2024

9
Support cost
Governance Support costs
Total
2024
2024
2024
£
£
£
Bank charges
-
2,385
2,385
Bank loan interest
-
8,599
8,599
Subscriptions and licences
-
11,186
11,186
Bookkeeping and consultancy
-
12,387
12,387
Independent Examination fee
3,849
-
3,849
3,849
34,557
38,406
10 Net income
2024
This is stated after charging:
£
Depreciation of tangible fixed assets:
146,966
During the year, no trustees received any remuneration (2023: £Nil).
During the year, no trustees received any benefits in kind (2023: £Nil).
During the year, no trustees received any reimbursement of expenses (2023: £Nil).
11 Staff costs
2024
£
Wages and salaries
132,647
Contractors
11,813
Social security costs
5,993
Other pension costs
2,024
Staff training
-
152,477
Average number of persons employed by the company
6		 Total
2023
£
2,558
8,198
9,522
17,394
3,633
41,305
2023
£
123,157
2023
£
137,916
16,337
8,703
2,383
1,208
166,547
6

No employee received remuneration amounting to more than £60,000 in either year.

12

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Notes to the Accounts

for the year ended 30 June 2024

12 Tangible fixed assets
Short term
leasehold
property
£
Cost
At 1 July 2023
1,556,006
Additions
4,500
At 30 June 2024
1,560,506
Depreciation
At 1 July 2023
358,649
Charge for the year
134,107
At 30 June 2024
492,756
Net book value
At 30 June 2024
1,067,750
At 30 June 2023
1,197,357
13 Stocks
Stocks
14 Debtors
Trade debtors
Other taxes and social security costs
Prepayments and accrued income
15 Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Other taxes and social security costs
Accruals and deferred income		 Plant and
machinery
£
57,262
-
57,262
29,189
7,816
37,005
20,257
28,073		 Sports
equipment
£
47,173
-
47,173
28,720
5,043
33,763
13,410
18,453
2024
£
1,942
2024
£
164,005
1,536
48,348
213,889
2024
£
41,178
58,956
2,071
14,249
116,454		 Total
£
1,660,441
4,500
1,664,941
416,558
146,966
563,524
1,101,417
1,243,883
2023
£
1,777
2023
£
75,899
6,992
25,020
107,911
2023
£
37,449
146,647
1,724
36,389
222,209

13

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Notes to the Accounts

for the year ended 30 June 2024

**16 ** Deferred income 2024 2023
£ £
Brought forward 23,045 7,445
Movement in the year (15,281) 15,600
Carried forward 7,764 23,045
**17 ** Creditors: amounts falling due after one year
Bank loans
Deferred income comprises income received in advance from pitch		 2024
£
39,300
and venue hires and		 2023
£
81,822
advertising.
39,300 81,822

The bank loan was granted under the coronavirus business interruption loan facility scheme. The loan is guaranteed by the Department for Business, Energy and Industrial Strategy. No capital or interest was payable in the first 12 months of the loan. The net present value of the business interruption payment was recognised in the profit and loss account in the year ended 30 June 2020.

18 Statements of funds

Unrestricted funds
General funds		 Balance at
30 June
2023
£
1,123,790
1,123,790		 Income
£
844,503
844,503		 Expenditure
£
679,972
679,972		 Balance at
30 June
2024
£
1,288,321
1,288,321

19 Analysis of net assets between funds

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after more than one year		 Unrestricted
funds
2024
£
1,101,417
342,658
(116,454)
(39,300)
1,288,321

14

Maccabi London Brady Recreational Trust (A Company Limited by Guarantee) Notes to the Accounts

for the year ended 30 June 2024

20 Related party transactions

During the year Maccabi London Brady Recreational Trust ('the Trust'):

The balance of £44,563 (2023: £45,018) due from the LMRT has been fully provided for.

21 Controlling party

The company is limited by guarantee and is under the control of its directors as a body.

22 Other information

The company is a registered charity and is not liable to corporation tax on income or gains derived from its charitable activities.

Maccabi London Brady Recreational Trust is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

Its registered office is: Rowley Lane Sports Ground Rowley Lane Arkley Herts EN5 3HW

15

Maccabi London Brady Recreational Trust final accounts 30 June 2024 V4

Final Audit Report

2025-03-27

Created: 2025-03-27 By: Lisa Davis (compliance@numerii.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAZP6FafZU3Qe9gIVGgywjNvdAjHbwFCLn

"Maccabi London Brady Recreational Trust final accounts 30 Ju ne 2024 V4" History

2025-03-27 - 3:11:42 PM GMT

2025-03-27 - 3:12:10 PM GMT

Signature Date: 2025-03-27 - 3:12:55 PM GMT - Time Source: server

Agreement completed.

2025-03-27 - 3:35:03 PM GMT