Charity number- 11G6970 THE GORDON FAMILY CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
THE GORDON FAMILY CHARITABLE TRUST CONTENTS Page Reference and administrative details of the Charity. its Truslees and advisers Trustees. report Trustees. responsibilities statement Independent examinerfs report Statement of financial activities Balance sheet Notes to the flnancial statements 8-17
THE GORDON FAMILY CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2024 Trustees A S Gordon L F Clark M Z Gordon-Linlon E N Gordon Charity registered number 1166970 Principal office 15 Downs Park Wesl Westbury Park Bristo BS6 7QQ Accountants Bishop Fleming LLP Chartered Accountants 10 Temple Back Bristol 8S1 6FL Bankers Coutts 440 Strand London WR2R OQS Pag@ 1
THE GORDON FAMILY CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 The Irustees present the annual report logether with ihe financial slatements of the Charily for Ihe year ended 30 November 2024. Objectives and activities Objects and aims Charitable donations or grant5 from Ihe Charity are made to causes close lo the family's heart Ihal have been supported for numerous years. Donalions or grants are discussed amongsl the trustees before decisions are made. The main objective of the Charity 15 to SUPPOrt institutions Ihiouyli Ilie PTUViblUli ul tjonolions and grants. Public bÈnefit The Trustees confirm that they have complied with the requiretnents of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Financial review Policy on reserves Reserves carried forward at the period end loial £379.701 (2023 - £265,487) for unrestricted funds. 11 is Ihe policy of the Charity that unrestricted funds which have nol been designated for a specific use should be maintained at a level equivalent lo between three- and six-monlh's expenditure. The Iruslees consider that reseNos al this level will ensure that. in the event of a sigisificdnl drop in funding, Ihey will Oe able to coniinue Ihe Charity's current activities while consideralion is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the ycar. The trustees have assessed the major risks to which the Ifust is exposed and are satisfied that syslems are in place to mitigate exposure to the major risks. Principal funding sources The Charity's principal funding source is from donations and Ip.gar.ies. Donalions received are principally from the Gordon family. Trustees and officers The truslees an(J oificers serving (Juring the year and Sin the year end were as follows: Trustees: A S Gordon E N GoT(Jo L F Clark M Z Gordon-Linton Structure. gDV@rnanc@ and management Nature of governing document The Charity was set up in 2016 and established by Charitable Trust Deed daled 29 November 2015. The trustees meet on a quarterly basis lo discuss the Charitrfs ongoing activities and fulure plans. Recruitment and appointment of trustees The recruilment of truslees are from Ihe Gordon family. New trustees are appointed by the exisling trustees. All of the trustees are members of the Charity. Objectives and policies The Charitls activities expose il to a number of financial risks including credit risk. cash flow risk and liquidity risk. The use of financial derivatives is govemed by the Charitys policies approved by the board of Iruslees, which provide written principles on the use of financial derivatives to manage these risks. The Charity does nvl use derivative financial instruments for speculative purposes. Going Concern Consideration In light of the recent cost of living and energy crisis. the trustees have reviewed the impact on the Charity. Following this review. the trustees consider there to be little impact on Ihe Charily's ability lo acl as a going concern. Page 2
THE GORDON FAMILY CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 The trustees have reviewed capital resources available and consider that the Charity has adequate resources lo continue to meet it's charitable objectives and aiffls for the nexl h¥elve months. Approved by order of the members of the board of and signed on Iheir behalf by.. Trustees on on Trustee Paye 3
THE GORDON FAMILY CHARrrABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 NOVEMBER 2024 The Truslees are responsible for preparing the Trustees, report and the financial slalemenls in accordance wilh applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charily and of ils incoming resources and application of resour5. including ils income and expenditure. for that period. In preparing these financial statements. the Trustees are required to: select suitable accounting policies and then apply them consistenUy- observe the methods and principles of the Charities SORP (FRS 102); make judgements and accounting estimales Ihat are reasonable and prudent: slate whether applicable UK Accounling Standaids {FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial 5talements on the yuiiiy concern basi5 unless11 is Inappropriale io presume Ihai ihe Charily will conlinue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose wilh reasonable accuracy al any lime the financial position of Ihe Charily and enable them to ensure that the financial statements comply with the Charities Acl 2011. the Charily {Accounts and Reports) Regulations 2008 and the provisions of the Trusl dee(J. Tligy die d150 responsible for safeguarding the assets of Ihe Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of thc board of Trustees and signed on its behalf by." ASGord Trustee Dale-. Page 4
THE GORDON FAMILY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 Independent examiner's report to the Trustees of The Gordon Family Charitable Trust I'the Charity'l report to the charity Trustees on tny examtnalion of the accounls ol the Charity lor Ihe year ended 30 November 2024. Responsibilities and basis of report A= the Trustees of the Charity you are rcsponsiblc for Ihc prcparation of Ihc a¢counls in accordance with the requirements of the Charities Act 2011 ('the 2011 Act,). I report in respect of my examinalion of the Charitrfs accounts carried out under seciion 145 of Ihe 2011 Act and in carrying out my examinalion I have followed the applicable Direclions given by Ihe Charily Commission under section 145(51{b) of the 2011 Act. Independent examiner's statement Your attention is drawn lo Ihe fact that the Charity has prepared the accounts in accordance wilh Accounting and Reporting by Charities: Stalement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference lo the Accounting and Reporting by ChAritips- Slatpment of Recommended Practice issupd on 1 April 2005 which is referred to in Ihe extant regulations but has been withdrawn. l understand Ihat this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounling Praclice effective for reporting periods beginning on or after 1 January 2015. I have cnmplp.led 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- accounling records were not kept in respecl of the Charrty as required by section 130 of the 2011 Act,. or the accounis do nol accord wiifi tnose recor<Js- or the accounts do not r.omr)ly with thp applicable requirementg conrpming thp form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that Ihe accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have coffle across no other matters in connection with the examination lo which attention should be drawn in this repurt iii oidei lu enable d proper unde15lantJing of Ihe dccounls to be reacneo. This report is made 501ely to the cnariiys Trusiees. as a booy, in accordan wilh Part 4 of Ine Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those malters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibilily to anyone other Ihan the Charily and the Charilrfs Trustees as a body. for my work or for this report. Signed: Chris Trantham FCA Dated: 30 June 2025 Bishop Fleming LLP Chartered Accountants 10 Temple Back Bristol BS16FL Page 5
THE GORDON FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024 Unrestricted funds 2024 Total funds 2024 Tolal funds 2023 Note Income from: Donations and legacies Investments 25.550 9,525 25,550 9,525 20,129 8,998 Total income 35.075 35,075 29,127 Expenditure on: Charitable activilies 36,461 36,461 56,374 Total expenditure 36,461 36,461 56.374 Net expenditure before net gainsl{losses) on investments {1,386) 115.600 (1,386) 115.600 (27.247) (2.087) Net gainslllosses) on inveslments Net movement in funds 114.214 114,214 (29,334) Reconciliation of funds: Tolal funds brought forward Nel movement in funds 265.487 114,214 265.487 114,214 294.821 (29.334) Total funds carried forward 379,701 379,701 265.487 The Slalemont of financial activities includes all gains and losses recognised in the year. The noles on pages 8 tn 17 fnrm p8rt of Ihese financial statements. Page 6
THE GORDON FAMILY CHARITABLE TRUST BALANCE SHEET AS AT 30 NOVEMBER 2024 2024 2023 Note Fixed assets Investments 358,318 262,470 358.318 262.470 Current assets Cash al bank and in hand 23.773 5.137 23,773 5.137 Creditor*J. amounts falling due within one year 10 (2.390) (2.1201 Net current assets 21.383 3,017 Net assets 379,701 265,487 Charity funds Unreslricled funds 379,701 265,487 Total funds 379,701 265.487 The financial statements were approved and authorised for issue by Ihe Trustees on and signed on Iheir behalf by- Gordon Trustee z&/ The notes on pages 8 to 17 form part of these financial statements. Pagg 7
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial slatements have been prepared in accordance with the Charities SORP IFRS 102} Accounting and Reporting by Charities: Stalemenl of Recommended Praclice applicable lo charilies preparing Iheir accounls in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Charilies Act 2011. The financial stalements have been prepared to give a 'true and fairf view and have departed from Ihe Charities (Accounts and Reports) Regulations 2008 only lo the exlent required to provide a 'lrue and fair. view. This departure has involved following the Charilies SORP IFRS 1021 published in October 2019 rather than the Accounling and Reporting by Charilies: Stalemenl of Recommended Practice effeclive from 1 April 2005 which has since been wilhdrawn. The Gordon Family Charitable Trust Meets the definilion of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised at historical cost or Iransaction value unless olherwise slated in the felevant accounting policy. 1.2 GOING CONCERN In lighl of the recent cosl of living and energy crisis, the trustees have reviewed the impacl on the Charity. Following this review. the trustees consider there to be little impacl on the Charity's ability to acl a5 a going concern. The Irusiees nave reviewed Ihe capilal resources available and consider that the Charity has adequate resources in place in order to meet it's charitable objectives and aims for the nexl Iwelve months. 1.3 INCOME All income is recognised once the Charity has entit19mgnt to Iha income, il is probable that thc income will be received and the amount of income receivable can be measured reliably. Income and endowmenls Voluntary income including donations. gifts. legacies and qrants that provide core funding or are of a general nature is recognised when Ihe Charity has enlitlement to Ihe income, il is probable that the income will be received and the amount can be measured with sufficienl reliabilily. Donations and legacies Donatlollb dnd legacies are recogniseo on a receivable basis when receipi is probaole and the amounl can be reliably measured. Page 8
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies (continued) 1.4 EXPENDITURE Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefil lo a third party. it is probable that a transfer of economic benefits will be required in settlemenl and the amount of the obligation can be measured reliably. Expendilure is classified by aclivity. The costs of each activity are made up of the total of direcl costs and shared costs. including support costs nvolved in undertaking each activily. Direct costs attribulable to a single activity are allocated directly to that activily. Charitable activities Charilable expendilure comprises those costs incurred by Ihe Charily in Ihe delivery of its aclivities and services for ils beneficiaries. It includes bolh costs Ihal can be allocated directly lo such aclivities ano Ihose costs of an Inoirecl nature necessary io support them. Grant provision5 Provisions for grants are made when the intention lo make a grant has been communicated lo the recipient bul there is uncertainly about either the timing of the grant or the amount of granl payable. 1.5 GOVERNANCE COSTS These include the cosls attribuiable to the Charit$ compliance wilh conslilutionaS and stalulory requirements, including audit, stralegic management and trustees meetings and reimbursed expenses. 1.6 TAXATION The Charily is exempl from taxation in respect of income or capilal gains received to the extent that suGh inGotne or gain5 ale applied exdusively io charilable purp05es. 1.7 INVESTMENTS Fixed asset investments are a fom of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value al the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less ifflpairment. Investment gains and losses. whether realised or unrealised, are combined and presentecl as 'Gainsl(Losses) on inveslments. in the Statement of financial activilies. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Slatement of Financial Activities based on the market value at the year end. 1.8 CASH AT BANK AND IN HAND Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturily of three months or less from the date of acquisition or opening of ihe deposit or similar accounl. 1.9 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past event. it is probable thal a transfer of economic benefit will be required in settlement. and Ihe amount of the settlement can be estimated reliably. Page 9
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies (continued) 1.10 FINANCIAL INSTRUMENTS The Charity only has financial assels and financial liabililies of a kind that qualify as basic financial inslrumenls. Basic financial inslrumenls are initially recognised at transaclion value and subseouently measured at their settlement value wilh the excepiion of bank loans which are subsequently measured at amortised cost using ihe effective inleresl method. 1.11 FUND ACCOUNTING General funds are unrestricted funds which are available for use at Ihe discretion of the Trustees in furtherance of the general objectives of Ihe Charily and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriale fund. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 l otal funds 2023 Donations 25.550 25.550 20.129 TOTAL 2023 20.129 20.129 Investment income Unrestricted funds 2024 Total funds 2024 Tolal funds 2023 Other income from fixed assel investments 9.525 9,525 8,998 TOTAL 2023 8.998 8,998 Page 10
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Total 2024 Tolal 2023 Cosls ol donalions and legacies Investment management costs Other expenditure 33.911 900 1,650 33,911 900 1.650 53,353 1,101 1,920 36,461 36,461 56,374 TOTAL 2023 56.374 56.374 Independent examiner's remunÈration 2024 2023 Fee3 payable to the Charitrfs independent exarniner for the independent examination of the Charity's annual accounts 1.980 1,920 Grant-making Analysis of grants Grants to inststutions 2024 2023 Analysis Abraham Qobal Peace Age UK AISH UK Akan3 Aid Fund All Hands & Hearts Alzeheimers Society Anchor Society Antisemitism.org Barnardos BFHU 600 75 1,000 1,400 100 1,000 300 750 200 500 ?00 250 Page 11
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Giant-making {continued) Grants to institutions 2024 2023 Blind Velerans Brace Bristol Chiloren's Help Society Bristol Hebrew Congregats'on Brilt'sh Friends of Hebrew LhIrsIty Brits'sh WIZO Campaign against anlisemilisrn Cancer ResearGh UK Care for Veterans Caring in Brislol Cerebral Palsy Chabad Bristol Charity Bels Menachem Children's Ft)spice South Barnstse Comunita Ebraica di Firenze Crackerjack Children's Fund Crackerjack Children's Society Crisis CrOlfUnd NÈwuay Dementia UK Oesignability Dolphin Society Eastside Community Trust Feed Israel Food Lifeline Friends of Bristol Haematology & Ckncology Centre Grateful ocIety Grey Hafris Gurkha Welfare Trust Heart UK Hope IFAW 200 200 200 540 480 500 500 500 100 250 100 550 250 7.650 16.950 1.000 200 869 750 200 375 200 200 105 500 500 200 100 2tM) 696 100 100 200 625 500 100 200 250 1.500 250 1.000 604 Jewish Nalional Fund Jigsaw Thornbury JNF Charitable Trust Just Gimng 1,000 500 102 Page 12
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Grant-making (continued) Grants to institutions 2024 2023 Kauna Synagogue Lithuania Laral Guide Dogs UK Legacy Builders Liquid Listening M Georghiou Magen Damd Adam MDRT Foundation Mikeys Walk MND Association MOtidI10n Motor Neuroiie Disedbtr Trust Mouth & Foot Painting )Nember Foundation New Israel Fund Nighbngales Childrens Project NOrth0d & Pinner Liberal Synagogue PROPS Bristol Prosiaie Cancer UK Raffleplayer Royal Academy of Art Royal British Legion Royal Nabonal Lifeboat Insb'tution Salvation Army Scollish Jewsh Heritage Centre snare Zeuek UK Soulhmead Fbspilal Charity Spencer DayrrKin InIngItis St Peter's Hospice Teenage Cancer Trust The Anchor Society The Grateful Society Theatre Royal Bath UJIA UK Union of Jewish Students United Hatzal8h Vine Counselling 865 100 859 100 500 1,250 4,200 500 4,030 1,000 1,000 50 32 500 300 998 500 400 100 300 100 300 200 200 1,000 250 750 250 200 100 1,500 250 500 250 1.050 100 100 55 1,000 500 500 1.000 100 250 Page 13
THE GORDON FAMILY CHARITABLE TRUST NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Grants to institutions 2024 2023 Vine Counselling Wellow RDA Wellspring Counselling Weston Fk)spice Care World Jesh Relief Young & Free ZAKA Israel 100 100 250 200 200 2.000 3.250 2.000 100 33,911 53,353 Page 14
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Trustees. remuneration. expenses and eTnployees During the year. no Trustees received any remuneration or other benefits {2023 - £NIL). During the year ended 30 November 2024. no Trustee expenses have been incurred {2023- £NIL). During the year. the average number of employees was NIL (2023: NILI). Taxation The Charity is a registered charity and is therefore exempt from taxation to the exlent Ihat income and gains are applied exclusively to charitable purposes. Fixed asset investments Listed investments COST OR VALUATION At 1 December 2023 262,470 25,550 120,176) 90,474 Additions Disposals Revaluations At 30 November 2024 358,318 NET BOOK VALUE At 30 November 2024 358,318 At 30 November 2023 262,470 Inveslments at fair value comprised of equities at £358.318 (2023.. £262.470) The fair value of the investment portfolio was determined using quoted market r)rices. Induded within the valuation of the portfolio was a cash balace of £5,177 (2023: £3.751) at the year end. Investments held, exceeding 5% of the portfolio value at 30 November 2024 comprise of: 31 (Jroup OF<D at 29 /0 {2023: 19Yo} Guinness Asset Managernent Funds PLC at 14Yo (2023: 16QA) Murray International Trust PLC ORD at 11°h (2023: 13°/0} Henderson Intl Income Trust PLCT ORD at 10°A12023: 130A) Montanaro UK Small Invest TR ORD at 80kn (2023: 10°kn} Ecofin GBL Utilities & Infr TR PLC ORD at 8Yo (2023: 9 % ) - Abrdn new India Inv TR PLC ORD at SO/. (2023: 001.) Monks Investments Trust ORD at 6°/0 (2023-. 7%) Page 15
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 10. Creditors: Amounts falling due within one year 2024 2023 Accruals and deferred income 2,390 2.120 11. Gash and cash equivalents 2024 2023 Cash and cash equivalents 23,773 5,137 23,773 5.137 12. Summary of funds Summary of funds - current year Balance at 30 Gainsl November (Losses) 2024 Balance at 1 December 2023 Income Expenditure General funds 265,487 35.075 (36,461) 115,600 379,701 Summary of funds - prior year Balance at 30 November 2023 8alance at 1 December 2022 Gainsl (Losses) Income Expenditure Gencral funds 294.821 29.127 (JG,374) (2.087) 265,487 Page 16
THE GORDON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 13. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Fixed asset investments Current a55ets Creditors due within one year 358.318 23,773 (2,3901 358,318 23.773 (2,390) TOTAL 279.701 379.701 Analysis of net assets between funds - prior period Unreslricted funos 2023 Total funds 2023 Fixgd 8SSg1 investments 262,470 5.137 (2,120) 262.470 5,137 (2,1201 Current assets Creditors due within one year TOTAL 265.487 265.487 14. Related party transactions The Charily has not enlered into any related party transaction during the year. nor are there any outstanding balaiices uwiiiy between related parlie5 and the Charity at 30 Novetnber 2024. Page 17