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 resour￿5. 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