Charlty number 1166970 THE GORDON FAMILY CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Bishop Fleming
THE GORDON FAMILY CHARITABLE TRUST CONTENTS Page Rgfgronce and administrallvo dgtails of the Charlty. its Trust8es and adv18er8 Trustg9s' r9PQrt Trusteg$' rosponsibilitios statement Indgpgndgnt examinerfs report ststgmgnt of financial activiti0# Balan¢9 $h99t Nots$ to tho financial statement$ 8-16
THE GORDON FAMILY CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2023 Truste88 A S Gordon L F CLark M Z Gordon-Linton E N Gordon Charity rogistered number 1166970 Prlncipal offlce 15 Downs Park Wesl Weslbury Park Bristol BS6 7oa A¢¢ovntants Bishop Fleming LLP Chartered Aecounlants 10 Temple Back Bristol BS16FL B•nk9rs Coutts 440 Strand London WR2R OQS Page 1
THE GORDON FAMILY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 The trustees presenl the annual report together with the financial statements of the Charity for the year ended 30 November 2023. Objoctlve8 and activitioB Objects and aims Charitable donatr'ons or grants from the Charity are made to causes close to the famivs heart that have been supported foT numerous years. Donation8 or grants are discussed amongst the trustees befor8 decisions are made. The main objective of the Charity is to suppr)rt instr(ution$ through the provision of donations and grants. Public benefit The Trustees confirm that they have complied wth the requirements of section 4 of the Charities Art 2011 to have due regard to the Publ benefit guidan published by the Charity Commission for England and Wales. Finan¢Sal reviow Poll¢y on reserves Reserves carried forward at the period end total £265,48712022- £294,821} for unrestricted funds. 11 is the policy of the Charity that unreslrthd funds which have nol been designated for a specsfic use should be maintained at a level equivalent to between three- and six-monlh's expenditure. The trustees consider that reserve5 at this level will ensL*re that, in the event of a significant drop in funding, they will be able lo continue the Chariws current activities while consideration 1$ given to ways in which additional funds may be raised_ This level of reserves has been maintained throughout the year. The trustees have assessed the major risks to whrch the trust is axposed and are satisfied trat systems are in place to mittgate èxposure to the major risks. Princlpal funding sources The Charity's principal funding source is from donations and iegacies. Donation8 received are principalty from the Gordon family. Tru$tges and officern The trustees and officers semng during the year and since the year end were as follows.. Trustees-. A S Gordon E N Gordon L F Clark M Z Gordon•Linton structure. governance and management Nature of govorning document The Charty was set up in 2016 and established by Charitable Trust Deed dated 29 November 2015. Tho trustees meet on a quarterly basis to discuss the Charitys ongoing actwilies and future plans. Recrultment and appointmènt of trustees The recruitment of trustees are from the Gordon famity. New trustees are appointed by the exrdling trustees. All of the trustees are members of the Charity. Oblectives and policies The Charivs adivilies expose it to a number of financisl risks including credit risk, cash ftow risk and liquidity risk. The use of financial derivalive8 is governed by the Charitys policies approved by the board of trustees, which provide wrttten principles on the use of financial derivatives to manage these risks. The Charity does not L15e derivative financ81 instruments for speculalive purposes. Going Concern Consld9ration In IvJht of the recent cost of liwng and energy CTISIS. Ihe trustees have reviewed the impact on the Charity. Following this review, the trustees consKler there to be little impact on the Charity5 8bilty to act as a going ¢on¢ern. Page 2
THE GORDON FAMILY CHARITABLE TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 The trustees have reviewed capital resources available and consider that the Charity has adequate resources to continue to meet il's charitable objectives and aims for the noxt e1ve months. ApF)roved by order the members the board and signed on their behalf by. Trustees on Trustee Page 3
THE GORDON FAMILY CHARITABLE TRUST STATEMEKf OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 NOVEMBER 2023 The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounts'ng Stsndards (United Kingdom Generally Accepted Accounliny practi). The law applicable lo charities in England & Wales requires the Trustees to prepare financial ststemenls for each financial year whieh 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 Truste8s are required to.. select suitsble accounting policies and then apply them consislenuy., obs$rve the methods and principles of the Charities SORP IFRS 102).. make judgments and accounting eslimales th81 are reasonabte and pwdenl,. slate whelhef applicable UK Accounting Standards {FRS 1021 have been folh)wed. subject to any material departures disclosed and explained in the financial slalements.. prepare the financial statements on the going concem basis unless it is inappropriate lo presyme that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are suffiuenl to show and explain the Charity's transactions and disck)se with Teasonable 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, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They aTe 21so responsible for safeguarding the assets of the Charity 8nd hence for taking reasonable steps for the prevention and detection of fraud and other irregulaiilies. Approved by order of the members of the board of Trustees and signed on its behalf by. A S Gordon Trustee Date.. i£/q Page 4
THE GORDON FAMILY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 Independent Examinorfs Report to the Trusteos of The Gordon Famity Charitable Trust I'the Charity'l I report to the charity Trustees on my examination of the a¢counts of the Charity for the year ended 30 November 2023. Responsibllltles and Basis of Report A8 the Trustees of the Charity you are fesponsible for the preparation of the accounts in accordance with the requirements of the Charib'es Act 2011 (the 2011 ACVI. I report in respect of my examination of the Charitys accounts Carrted out under section 145 of the 2011 Act and in carrying out my examinatn I have followed the applicable Directions given by the Charity Commission under section 14515llb} of the 2011 Act. Independent Examlnerf8 Statgmont Your attention is drawn to the fact that the Charity has prepared Ihg accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance th the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in Preference lo the Accounting and Reporting by Charities." Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul ha$ been withdrawn. l undefstand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted AOUntIng Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention In connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the ChaTity 85 required by section 130 of the 2011 Act, or the accounts do not aceord with those records,. or the accounts do not comply with the applicable requirements conceming the fomi and eontent of aecounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair. vi8w which is not a matter considered gs part of an indépendent examinath)n. I have no Concerns and have come across no other matter8 in connection with the examination to which attontion should be drawn in this report in order lo enable 8 PToper understsnding of the accounts to be reached. This report is made solely lo the Charitys Trustees. as a b, in accordance with Part 4 of the Charities (Accounts and Repottsl Regulations 2008. My work has been undertaken so that I might state lo the Chanty's Trustees those matters l am required to state to Ihem in an Independent examinels report and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Chariws Trustees as a body, for my work or for this reporL Signed.. Chris Trantham FCA Dated.. 19 September 2024 Bishop Fleming LLP Chartered Accountants 10 Temple Back Bristol BS1 6FL Page 5
THE GORDON FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 NOVEMBER 2023 Unrestricted fvnds 2023 Total lund8 2023 Total funds 2022 Noto Income from: Donations and legacies Investments 20,129 8,998 20,129 8.998 56,883 8,894 Total Income 29,127 29.127 65,777 Exp•nditura on: Charitable activities 66.374 56,374 40,041 Total expenditur• 66.374 $6,374 40.041 Net lexpgnditurglllncome beforo net lossos OTr investments Net losses on investments 127,247) {2.087) {27.2471 (2,0871 25,736 12,8021 Net movement in funds {29.334) 29.3341 22,934 Rocon¢iliation of funds: Total funds brought forward Net movement in funds 294,821 (29.334) 294.821 129.3341 271,887 22,934 Total funds carrfed foThvard 265.487 265,487 294,821 The Statement of Financial Acliwlies includes all gains and losses recognised in the year. The notes on pages 8 to 16 lorm part of these financial ststements. Page 6
THE GORDON FAMILY CHARITABLE TRUST BALANCE SHEET AS AT 30 NOVEMBER 2023 2023 2022 Fixed assetg Inv8slmenls 262,470 265,580 262N70 265,580 Curront ass•t8 Cash at bank and in hand 5,137 33,101 5,137 33,101 Creditors.. amounts falling due wrthin one year 10 {2.1201 13,8601 Net current assets 3.017 29,241 Net assets 265,487 294,821 Charity funds Unrestricted funds 265,487 294,821 Total fund8 265.487 294.821 The financial slalements were 4)proved and authorised for issue by the Twslees on and signed on their beha by". A S Gordon Trustee The notes on pages 8 to 16 fom) part of these financial statements. i£/q Page 7
THE GORDON FAMILY CHARABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 A¢¢ountlng pollcles 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with the Charities SORP IFRS 1 Q21 Accounting and Reporbng by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Firn¢la1 Reporting Standard applicable in the UK and Republr of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Stsndard applicable in the UK and Republtc of Ireland IFRS 1021 and the Charit$ Act 2011. The financial ststements have been PTepared to give a 'lrue and faif view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'lrue and f8ii' view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practic8 gffgclive from 1 April 2005 which has since been withdrawn. The Gordon Family Charitable 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 othenlSe staled in the relevant accounting policy. 1.2 GOING CONCERN In IKJhl of the recent cost of living and energy crisis, the Iruslees have reviewed the impact on the Charity. Following this review. the Injstsès consider there to be little impact on the Charity's ability to act as a going concern. The trustees have reviewed th8 capitsl resources availe and consider that the Charity has adequate resources in place in order to meet ivs charitable objeelives and aims for the next twelve months. 1.3 INCOME All income is recognised once the ChaTity has enlttlemenl lo the income, il is probable that the income will be received and the amount of income receivable ean be measured reliably. In¢ome and èndowment8 Voluntary income including don*ions, gifts, legacies and grants that provide core funding or are of a general nalute is recognised when the Charity has entitlement lo the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and l•ga¢ios Donations and legacies are COgniSed on a receivable basis when receipt Is probable and the amount can b8 reliably measured. Page 8
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Accountlng pollcles (continu8d) 1.4 EXPENDITURE Expenditure is recognised once there is a legal or constructive oblwJalion lo transfer economic benefft lo a third party, it is probable that a transfer of eGoncYnic benefits will be required in setuement and the amount of the obligation c8n be measured reliabty. Expenditure is classified by activity. The costs of each actThiity are made up of the total of direct Costs and shared ¢051s, including support costs involved in undertaking each aclivily. Direct costs attribLrtable to a single activity are 811ocaled directly to that activity. Charftable actSvltle8 Charitable expenditure comprises those costs incurred by the Charty in the delivery of its 8clivilies and services for its b8n8fi¢iaries. 11 includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support Ihgm. Grant provisions Provisions for grants are made when the intention lo make a grant h8s been communicated to the recippnt bul there is uncertainty about either the timing of the grant or the amount of grant payable. 1.5 GOVERNANCE COSTS These include the costs attributable to the Charitys compl¢ance with constitutional and slalulory requirements, including audit. strategic management and trustees meetings and reimbursed expenses. 1.6 TAXATION The Charity is exempl from taxation in respect of income or capital gains reiVed to the extent that such income or gains are applied exclusively lo charitable purposes. 1.7 INVESTMENTS Fixed asset investments are a fomi of financial instrument and are inrtially recognised al their transaction cost and subsequenlty measured at fair value at the Balance sheet dale, unless the value cannot be measured reliably in which case il is measured at eost less impairment. Invèstsnenl oains and losses, whether realised or unrealised, are combingd and piesenled as 'GainsllLossesl on inveslmenls, in the Slalement of financial acliviti&s. Unrealised gains and losses represent the movement in market values during the year and are credited or charged lo the Statement of Financial Activities based on the market value at the year 8nd. 1.8 CASH AT BANKAND IN HAND Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short matur of three months or less from the date of acquisition or opening of the deposit or similar account 1.9 LIABILITIES AND PROVISIONS Liabilities are recognised when there 15 an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefrt will be required in seldemenl. and the OUnt of the settlement can be estsmaled reliably. P8ge 9
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Accounting policies (continued) 1.10 FINANCIAL INSTRUMENTS The Charity only has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effectNe interest method. 1.1t FUND ACCOUNTING General funds are unrestrted funds which are available for use at the dIretIOn of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purrx)8es. Invesknent iOme. gains and losses are allocated lo the appropiiate fund. In¢omo from donatlons and legacies Unrestricted funds 2023 Total funds 2023 Total funds 2022 Donations 20.129 20,129 56,883 TOTAL 2022 56,883 56,883 Investment income Unrostrict•d funds 2023 Total funds 2023 Total funds 2022 other income from fixed asset investments 8.998 8.998 8,894 TOTAL 2022 8,894 8,894 Page 10
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 NOVEMBER 2023 Analys18 of expondlture on charitable aetivitios Summary by fund typg Unrestrlcted fund8 2023 Total 2023 Total 2022 Costs of donations and legacies Investrnenl management C051s Other expenditure 53,353 1.101 1,920 53,353 1,101 1,920 36.884 1,107 2,050 56,374 56.374 40.041 TOTAL 2022 40,041 40,041 Ind9pendent examlnef8 remuneration 2023 2022 Fees payable to the Charity's independent examingr for the independent examination of the Charity's annual accounts 1.920 2,050 Grant-making Anatysl8 of grants Grants to InstitutiDns 2023 2022 Anatyslg Abraham Gbbal Peace AISH UK AkatTb8 Aid Fund All Hands & Hearts A&ehei£rS Society Anb.sen¥tis0rg Bk)omng Bk)ssonB Trust BO1 Cancer UK Brace Bristol & Weston Ft6pit21s 600 1,400 100 1,000 650 500 200 250 200 1(Xl Page 11
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Grantwmaklng Icontinuedl Grants to institutic>ns 2023 2022 Bristol Chiklren's He Society Bristol Hebrew Congregabon Brits'sh Friends of Hebrew University British WIZO Campaign against anb'senThtsm Cancer research Caring in Bristol Chabad Bristol Charity Bels Menachem Children's Hospice South Barnstap Crackerjack Chiklren's Fund Crackerjack Chiklren's Society Crisis DerrEnti8 UK 1,000 800 250 500 500 100 550 16,950 1,000 200 200 375 200 soo 11,640 Designatslity Dolphin sIety Douglas Bade Foundab'on Feed Israel Forget Me Children's H05pice Gurkha WeWare Trust Help for Heros High Sheriffs Fund IFAW Jessie May Trust Jewish National Fund Jigsaw Thornbury JNF Charitslle Trust Just Q"Mng Kind Damd's Scly)11 LacY BUildS M Georghiou Magen Damd Adam Mail Ukraine pea1 DRT Foundation Mikeys Walk MND Association 500 200 100 250 1,OC(J 1,19) 100 100 250 2(Y) 1,5DO 250 1,000 200 859 500 1.250 500 4,200 1,000 Page 12
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Grant-maklng (¢ontlnued} Grants to institutions 2023 2022 Molirdb'on Motor Neurone Disease TrLtst Mouth & Fool Painting New Israel Fund N(Xtho0d & Pinner Liberal SyN¥gue PROPS Brisbl Prostrate caer UK Paffleplayer Rainbow or Fbpe Fl'ding For The Disabled An Centre Royal Acadeny of Art Royal British Legion Royal National LifetK)at Institution Royal West of Engknd Academy SaallOn Army Scottish Jewsh Heritsge Centre Share Zedek UK Soulhmead Hospital Charity St Peter's kbspice Startight The Anchor Society The Grand Appeal The Grateful Society The Trussell Trust Theatre Royal Balh T0'S Charity UJIA UK United Fklzaah United Jewsh Israel Arwl Welfv RDA We115pring Counseling Weston Pk)spice Care World Jewsh Relief ZAKA Israel 500 250 15 500 400 100 2SO 1CM) 100 300 500 100 2(X) 2CX) 750 250 1,050 100 100 100 500 100 100 43 200 100 100 55 1,000 250 1,250 1,500 200 200 200 200 2.000 3.250 504 53.353 524 36,884 Page 13
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Tru8te08' remuneratlon. oxpensos and omployeos During the year. no Trustees reeeNed any remuneration or other benefits12022 - £NILI. During the year ended 30 November 2023. no Trustee expenses have been incurTed12022- £NIL}. During the year, the average number of employees was Nil12022.' Nil). Taxatlon The Charity is a registered charity and is therefor& @xempt from taxation to the exlenl that income and gains are applied exclusively lo charitable purKKJses. Flxod assot Investments Listed Investments COST OR VALUATIOhl Al 1 December 2022 265,580 20,129 120,129> 13,1101 Additions Oisposals Revaluations At 30 November 2023 262,470 NET BOOK VALUE AI 30 November 2023 262,470 At 30 November 2022 265.580 Investments at falr value comprised of equities al £262,47012022- £285.5801 The fair value of the investment portfolio was determined using quoted market prices. Included within the valuation of the portfolio was a cash balace of £3,75112022.. £4,888) at the year end. Investments held, exceeding 5% of the portfolio value at 30 November 2023 comprise of.. - 31 Group ORD al 19%12022.' 11%} - Guinness Asset Management Funds PLC at 16Yo12022'. 16%) Murray International Trust PLC ORD at 13tsh {2022.' 15%) Henderson Intl Income Trust PLCT ORD at 13%12022.. 14%) Montanaro UK Small Invest TR ORD al 10%12022'. 11 Yol Ecofin G8L Utilities & Infi TR PLC ORD at 90A12022". 120AI - Octopus Renew8bles Infra TR PLC ORD at 8% (2022.. 8%) Monks Investments Trust ORD at 7%12022. 70A} Page 14
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 to. Creditors: Amounts falllng dua wtthin one year 2023 2022 Accruals and deferred income 2,120 3,860 11. Cash and cash oqulvalents 2023 2022 Cash and cash equivalents 5.137 33,101 5,137 33,101 12. Summary of funds Summary of funds- Current year Balance at 30 Gainsl November ILo88es) 2023 Balance at 1 Docember 2022 Incomo Expendlture Ggneral fund5 294.821 29,127 (56,3741 {2.087) 265.487 Summary offund8- prioryear Balance al 30 November 2022 Balanee at 1 December 2021 Gainsl {Losses} Income Expenditure General funds 271,887 65,777 {40.041} 12,802) 294,821 P8ge 15
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 13. Analysls of not 0$88ts between funds Analysis of net assgts bgtwe8n funds - current year Unre8trfct8d fund$ 2023 Total lunds 2023 Fixed assfjl invgslments Current assets Creditors due within one year 282,470 5,137 12,1201 262,470 5,137 12.120) TOTAL 265,487 265.487 Analysis of net assets betweon funds- prioryear Unrestricted funds 2022 Totsl funds 2022 Fixed asset investments Current assets 265,580 33,101 {3,8601 265,580 33.1a1 13,8601 Creditors due within one year TOTAL 294,821 294,821 14. Related party transaction¥ The Charity ha8 not entered into any related paty transaction during the year, nor are the any outstanding balances owing between related parties and th6 Charity at 30 November 2023. Page 16