Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
**Charity number: 220417**
## **GOSLING HOUSE**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Notes to the financial statements**|7 - 15|
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Trustees**|Mr N Rayner|
|---|---|
||Mr R M Twydle|
||Mr D Dumbleton|
||Mrs E Williamson|
||Ms P Norman|
|**Charity registered**
**number**
220417
**Principal office**
54 Whielden Street
Amersham
Buckinghamshire
HP7 0HU
**Principal operating**
**office**
21-27 Cassio Road
Watford
Hertfordshire
WD18 0QP
**Accountants**
Hillier Hopkins LLP
1st Floor, Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP
**Bankers**
Lloyds TSB
67 High Street
Watford
Hertfordshire
**Investment Advisors**
M&G Securities Limited
PO Box 6108
Basildon
Essex||
Page 1
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
The Trustees present their annual report together with the financial statements of the Charity (the charity) for the year 1 January 2024 to 31 December 2024. The financial statements comply with current statutory requirements and the requirements of the Charity's governing document.
The Charity also trades under the names Gosling's Homes for Aged Women.
## **Objectives and activities**
## **a. Policies and objectives**
To ensure a comfortable, safe and friendly home for the residents.
To maintain the premises to a high standard by working to an agreed programme of repairs, replacements and re-decoration.
To manage the affairs of the home in an efficient, successful manner.
## **Achievements and performance**
## **a. Review of Activities**
In the year, the trustees worked hard to achieve the objectives above.
## **b. Reserves policy**
The Charity has a reserves policy which reflects the need to maintain current operations while providing for future commitments. Funds held at 31 December 2024 amounted to £416,417 (2023: £397,138). All funds are unrestricted.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has 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.
## **Structure, governance and management**
## **a. Constitution**
Gosling House (registered as Mr Gosling's Home for Aged Women (is constituted by a Trust Deed dated 14th November 1933. The charity de-registered as a Housing Association on 25th February 1999.
The principal object of the charity is the provision of accomodation for spinsters and widows, who are not less than fifty years of age, the residents providing only a contribution to the running of the Home.
Page 2
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Structure, governance and management (continued)**
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **c. Financial risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Public Benefit**
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
## **Statement of Trustees' responsibilities**
The Trustees 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).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which 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 Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable 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 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 order of the members of the board of Trustees and signed on their behalf by:
|................................................|................................................|
|---|---|
|**Mr N Rayner**|**Mrs E Williamson**|
|Trustee|Trustee|
|Date:
04-10-2025 | 13:56 BST||
Page 3
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Independent examiner's report to the Trustees of Gosling House ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
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 that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 06-10-2025 | 10:14 BST Louise Cherry ACA **Hillier Hopkins LLP** 1st Floor, Radius House 51 Clarendon Road Watford Hertfordshire WD17 1HP
Page 4
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net expenditure before net gains on investments**
Net gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**-**
**28,341**
**181**
**28,522**
**31,478**
**31,478**
**(2,956)**
**22,235**
**19,279**
**397,138**
**19,279**
**416,417**|**Total**
**funds**
**2024**
**£**
**-**
**28,341**
**181**
**28,522**
**31,478**
**31,478**
**(2,956)**
**22,235**
**19,279**
**397,138**
**19,279**
**416,417**|_Total_
_funds_
_2023_
_£_
_2,875_
_27,640_
_170_
_30,685_
_37,077_
_37,077_
_(6,392)_
_16,175_
_9,783_
_387,355_
_9,783_
_397,138_|
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 15 form part of these financial statements.
Page 5
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Note**
**Fixed assets**
Tangible assets
9
Investments
10
**Current assets**
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
12
**Total net assets**
**Charity funds**
Restricted funds
13
Unrestricted funds
13
**Total funds**|**41,640**
**(4,555)**|**2024**
**£**
**260,448**
**301,813**
**562,261**
**37,085**
**599,346**
**(182,929)**
**416,417**
**-**
**416,417**
**416,417**|_48,552_
_(8,511)_|_2023_
_£_
_260,448_
_279,578_
_540,026_
_40,041_
_580,067_
_(182,929)_
_397,138_
_-_
_397,138_
_397,138_|
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ ................................................ **Mr N Rayner Mrs E Williamson** Trustee Trustee
**Mr N Rayner** Trustee Date: 04-10-2025 | 13:56 BST
The notes on pages 7 to 15 form part of these financial statements.
Page 6
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. General information**
The Charity is an unincorporated charity registered in England and Wales. The registered office is listed on page 1.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The Financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019, and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
Gosling House constitues a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or 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. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Page 7
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. Accounting policies (continued)**
## **2.3 Expenditure (continued)**
Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
## **2.4 Tangible fixed assets and depreciation**
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments, Impairment losses are recognised in the Statement of financial activities.
The Trustees do not consider the Freehold Property needs to be depreciated as its current value is significantly greater than the original cost and the current policy of continuous maintenance.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following bases:
|Freehold property|- Not depreciated|
|---|---|
|Fixtures and fittings|- 25%|
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **2.6 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.7 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
## **2.8 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 8
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. Accounting policies (continued)**
## **2.9 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and legacies**
||**Restricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2024**|**2024**|_2023_|
||**£**|**£**|_£_|
|Grants|-|**-**|_2,875_|
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2024**
**£**
Contributions from residents
24,141
Rent from House Manager
4,200
**Total 2024**
28,341
_Total 2023_
_27,640_|**Total**
**funds**
**2024**
**£**
**24,141**
**4,200**
**28,341**
_27,640_|_Total_
_funds_
_2023_
_£_
_24,490_
_3,150_|
|---|---|---|
|||_27,640_|
||||
## **5. Investment income**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2024**|**2024**|_2023_|
||**£**|**£**|_£_|
|Dividend income|181|**181**|_170_|
Page 9
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **6. Analysis of expenditure by activities**
|**Support**
**costs**
**2024**
**£**
Charitable Activities
31,478
_Total 2023_
_37,077_
**Analysis of support costs**
Gas
Electricity
Water Rates
Repairs - Premises
Repairs - Alarm
Telephone
Cleaning
Insurance
Gardening
Sundry Expenses
Governance
**7.**
**Independent examiner's remuneration**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts|**Total**
**funds**
**2024**
**£**
**31,478**
_37,077_
**Total**
**funds**
**2024**
**£**
**9,180**
**1,385**
**1,071**
**9,334**
**-**
**859**
**1,151**
**1,617**
**4,060**
**181**
**2,640**
**31,478**
**2024**
**£**
**2,640**|_Total_
_funds_
_2023_
_£_
_37,077_|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_10,374_
_1,134_
_1,154_
_13,480_
_513_
_787_
_491_
_1,635_
_3,813_
_756_
_2,940_|
|||_37,077_|
|||_2023_
_£_
_2,940_|
Page 10
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 December 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
## **9. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2024
At 31 December 2024
**Depreciation**
At 1 January 2024
At 31 December 2024
**Net book value**
At 31 December 2024
_At 31 December 2023_|**Freehold**
**property**
**£**
**260,448**
**260,448**
**-**
**-**
**260,448**
_260,448_|**Fixtures and**
**fittings**
**£**
**1,395**
**1,395**
**1,395**
**1,395**
**-**
_-_|**Total**
**£**
**261,843**|
|---|---|---|---|
||||**261,843**|
||||**1,395**|
||||**1,395**|
||||**260,448**|
||||_260,448_|
Page 11
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **10. Fixed asset investments**
|**Cost or valuation**
At 1 January 2024
Revaluations
At 31 December 2024
**Net book value**
At 31 December 2024
_At 31 December 2023_|**Listed**
**investments**
**£**
**279,578**
**22,235**|
|---|---|
||**301,813**|
||**301,813**|
||_279,578_|
## **11. Creditors: Amounts falling due within one year**
|Accruals and deferred income
**Creditors: Amounts falling due after more than one year**
Grants accrued - institutional|**2024**
**£**
**4,555**
**2024**
**£**
**182,929**|_2023_
_£_
_8,511_|
|---|---|---|
|||_2023_
_£_
_182,929_|
## **12. Creditors: Amounts falling due after more than one year**
Page 12
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **13. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**January**
**2024**
**£**
**Unrestricted funds**
General Funds
**397,138**|**Income**
**£**
**28,522**|**Expenditure**
**£**
**(31,478)**|**Gains/**
**(Losses)**
**£**
**22,235**|**Balance at**
**31**
**December**
**2024**
**£**
**416,417**|
|---|---|---|---|---|
Page 13
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **13. Statement of funds (continued)**
**Statement of funds - prior year**
||||||_Balance at_|
|---|---|---|---|---|---|
||_Balance at_||||_31_|
||_1 January_|||_Gains/_|_December_|
||_2023_|_Income_|_Expenditure_|_(Losses)_|_2023_|
||_£_|_£_|_£_|_£_|_£_|
|**Unrestricted funds**||||||
|General Funds|_387,355_|_27,810_|_(34,202)_|_16,175_|_397,138_|
|**Restricted funds**||||||
|Restricted Funds|_-_|_2,875_|_(2,875)_|_-_|_-_|
|**Total of funds**|_387,355_|_30,685_|_(37,077)_|_16,175_|_397,138_|
|**Summary of funds**||||||
|**Summary of funds**|**- current year**|||||
||||||**Balance at**|
||**Balance at 1**||||**31**|
||**January**|||**Gains/**|**December**|
||**2024**|**Income**|**Expenditure**|**(Losses)**|**2024**|
||**£**|**£**|**£**|**£**|**£**|
|General funds|**397,138**|**28,522**|**(31,478)**|**22,235**|**416,417**|
|**Summary of funds**|**- prior year**|||||
||||||_Balance at_|
||_Balance at_||||_31_|
||_1 January_|||_Gains/_|_December_|
||_2023_|_Income_|_Expenditure_|_(Losses)_|_2023_|
||_£_|_£_|_£_|_£_|_£_|
|General funds|_387,355_|_27,810_|_(34,202)_|_16,175_|_397,138_|
|Restricted funds|_-_|_2,875_|_(2,875)_|_-_|_-_|
||_387,355_|_30,685_|_(37,077)_|_16,175_|_397,138_|
**14. Summary of funds Summary of funds - current year**
Page 14
Docusign Envelope ID: C58F4F38-B716-4276-AD06-B5A3F9ED459B
## **GOSLING HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**2024**
**£**
Tangible fixed assets
260,448
Fixed asset investments
301,813
Current assets
41,640
Creditors due within one year
(4,555)
Creditors due in more than one year
(182,929)
**Total**
416,417|**Total**
**funds**
**2024**
**£**
**260,448**
**301,813**
**41,640**
**(4,555)**
**(182,929)**
**416,417**|
|---|---|
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_260,448_
_279,578_
_48,552_
_(8,511)_
_(182,929)_
_397,138_|_Total_
_funds_
_2023_
_£_
_260,448_
_279,578_
_48,552_
_(8,511)_
_(182,929)_
_397,138_|
|---|---|---|
## **16. Related party transactions**
During the period, the charity was charged £132 (2023: £1,176) for maintenance services by Brian Dumbleton & Sons, a business connected to D Dumbleton, a trustee of the charity.
Page 15