Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
**ANNUAL REPORT AND FINANCIAL STATEMENTS**
**For the year ended 31 March 2025**
**Company number: 01892360**
**Charity registration number: 326840**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **REPORTS AND ACCOUNTS**
**For the year ended 31 March 2025**
## **CONTENTS:**
## **Pages**
- 3 Legal and administrative information 4 - 8 Directors' Report 9 - 11 Independent Auditor's Report 12 Statement of Financial Activities (including an income and expenditure account)
- 13 Balance Sheet 14 Statement of Cash Flows 15 - 33 Notes to the Financial Statements 34 - 40 Appendix
**Page 2**
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## **THE GOSLING FOUNDATION LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Company number: 01892360**
**Charity registration number: 326840**
- Registered in England and Wales
## **Trustees and Directors**
Hon Capt Adam Gosling RNR Peter Caplan Nicholas Giles
Andrew McParland (appointed on 10 September 2025)
**Registered Office Correspondence Address:** The Studio The Studio 2A Kempson Road 2A Kempson Road London London SW6 4PU SW6 4PU
## **Bankers**
C Hoare & Co., 37 Fleet Street, London, EC4Y 1BT CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
## **Solicitors**
Edwin Coe LLP, Lincolns Inn, 2 Stone Buildings, London, WC2A 3TH
## **Auditors**
Francis Clark LLP, Towngate House, 2-8 Parkstone Road, Dorset, BH15 2PW
## **Accountants**
Anthony & Co Limited, 23 The Drive, London, E4 7AJ
## **Property advisors**
Bidwells LLP, Bidwell House, Trumpington Road, Cambridge, CB2 9LD
## **Investment advisors**
J.M Finn, 25 Copthall Avenue, London, EC2R 7AH Swiss Life Asset Managers UK Limited, 55 Wells Street, London, W1T 3PT Schroder & Co. Limited, 1 London Wall Place, London, EC2Y 5AU
Navera Investment Management, Riverside House, 2a Southwark Bridge Road, London, SE1 9HA
**Page 3**
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## **THE GOSLING FOUNDATION LIMITED**
## **DIRECTORS' REPORT**
## **For the year ended 31 March 2025**
The Directors are pleased to present their report together with the audited financial statements of the charitable company (“the Charity”) for the year ended 31 March 2025, which also represents the Trustees’ report, which is required to be prepared by Part 8 of the Charities Act 2011.
The Directors of the Charity are its Trustees for the purpose of Charity law, as set out on page 1, and throughout the financial statements are collectively referred to as the Trustees.
The financial statements have been prepared in accordance with accounting policies set out on pages 15 to 18 and with applicable United Kingdom accounting standards, current statutory requirements, the Charities Act 2011, the Companies Act 2006 (Charitable Companies), 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) (2nd Edition, effective January 2019) (“Charities SORP”) and the Charity’s governing document. Legal and administrative information set out on page 3 forms part of this report.
## **Objects and activities for the public benefit**
The Gosling Foundation was incorporated on 05 March 1985 and registered as a Charity on 07 March 1985. The objects of the Charity, as dictated by the Memorandum of Association, are to carry out any or all of the following, namely:
- The prevention or relief of poverty among the inhabitants of the United Kingdom and the provision of facilities for recreation, amateur sport and other leisure time occupation for them generally in the interests of their social welfare within the meaning of the, now repealed, Recreational Charities Act 1958 and as therein limited;
- The advancement of education and training amongst the inhabitants of the United Kingdom generally;
- The furtherance of such other charitable purposes beneficial to such of the communities of the United Kingdom as the Charity may think fit; and
- To make grants to such associations, trusts, societies or corporations as are established for charitable purposes.
The Trustees regularly review the grant-making policies of the Charity, which currently are:
- The Trustees will consider applications for grants which are in accordance with the stated objects of the Charity;
- All grants will be approved unanimously by the Trustees; and
- The Charity will continue to make grants to individuals only in exceptional circumstances.
The Charity carries out its objects by awarding grants to a wide range of charitable causes as quantified in note 4 to the financial statements. The Charity aims to distribute grants to those charitable organisations that the Trustees decide are in line with the objects of the Charity. By providing such financial support, the Charity seeks to enable other charitable organisations to achieve their objects.
The Trustees confirm that in accordance with Section 17 of the Charities Act 2011, they have referred to the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objects and in planning their future grant-making activities.
**Page 4**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **DIRECTORS' REPORT (CONTINUED)**
## **For the year ended 31 March 2025**
During the year ended 31 March 2025, the Trustees reviewed applications from various organisations and awarded grants as they collectively considered appropriate. As a result, grant-giving in the year totalled £3,774,083 (2024: £3,082,973).
The Trustees committed grants of £3,864,083 (2024: £3,107,973) during the year. Of this amount, £2,046,631 (2024: £1,872,500) was paid during the year and commitments of £1,817,452 (2024: £1,235,473) were noted for payment in future years. In addition, grants totalling £90,000 (2024: £25,000) were written back in the year as a result of unclaimed or expired commitments. The charitable purposes and details of the various institutions that benefited are detailed in note 4 to the financial statements.
The following table puts the Charity’s grants for the year into broad categories and shows the prior year for comparison. Full details of the grant recipients are set out in note 4 to the financial statements.
**----- Start of picture text -----**
2025 Amount 2025 Number 2024 Amount 2024 Number
Category
£ of grants £ of grants
Royal Navy/Royal Marines 1,138,212 71 632,130 57
Youth 2,339,776 138 1,978,363 108
Education 274,495 22 364,980 24
Other 111,600 8 132,500.00 11
Grants written back in the year (90,000) (5) (25,000) (1)
Total 3,774,083 234 3,082,973 199
**----- End of picture text -----**
During the year, 239 grants (2024: 199) were made in furtherance of the Charity’s objects to 222 beneficiaries (2024: 185) and 5 grants (2024: 1) were written back.
The market value of the Charity’s investment properties increased by £1,255,000 to £50,860,000 (2024: £49,605,000), which has been recognised as an unrealised gain for the year.
At the year end, the value of the listed investment portfolio was £92,248,490 (2024: £105,893,950). In accordance with their accounting policy, the Trustees have recognised the listed investments in the financial statements at fair value. Further additions were made to listed investment portfolios using cash deposits, with total additions for the year being £70,096,417 (2024: £20,171,479). £85,360,701 (2024: £32,683,555) of listed investments were disposed of during the year and total net losses, both realised and unrealised, amounted to £1,618,824 (2024: net gains of £11,243,059) for the year ended 31 March 2025. This is detailed in note 11 to the financial statements.
As at 31 March 2025, the Charity held treasury cash deposits, classified as investments, of £43,583,794 (2024: £15,280,629).
Overall, investment income increased by £354,289 (2024: decreased by £415,804). The Charity received total rental income from its portfolio of investment properties of £2,306,217 (2024: £2,114,398). The Charity also received income from listed investments of £2,580,138 (2024: £2,315,274), interest of £211,167 (2024: £283,648) relating mostly to cash held in deposit accounts and other income of £383 (2024: £30,296).
No donations (2024: £Nil) were received during the year.
Costs of raising funds, comprising property management expenses of £55,767 (2024: £101,691) and investment managers’ fees of £623,881 (2024: £625,056) are detailed in note 4 to the financial statements. Governance costs are included in charitable activities and amounted to £126,662 (2024: £116,710).
**Page 5**
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## **THE GOSLING FOUNDATION LIMITED**
## **DIRECTORS' REPORT (CONTINUED)**
## **For the year ended 31 March 2025**
## **Financial review**
The Trustees have concluded that all of the Charity’s current funds should be undesignated. The Trustees anticipate that the current funds will be sufficient to meet its current and foreseeable obligations.
The Trustees meet regularly to ensure that sufficient funds are held by the Charity and to review the progress made by the recipients of previous donations and grants. At these meetings, the Trustees also consider whether the investment of the Charity’s funds is appropriate and generates a satisfactory return.
The Trustees’ long-term aim is to maintain sufficient levels of investments and funds to generate income to fund future grant-making in the order of £3.5m (2024: £3.5m) per annum in perpetuity. In order to achieve this target, and to comply with Charities SORP, the Charity’s financial statements show an Unrestricted Income Fund surplus, which the Trustees have decided to transfer to the Centenary Fund. The Centenary Fund was set up by the Trustees to mark Sir Donald Gosling’s 100th birthday in 2029. One or more large projects will be supported in this year and the Centenary Fund will be used for this purpose.
The Charity is making progress towards this aim having total investment income for the year of £5,097,905 (2024: £4,743,616). The Trustees consider the risks associated with the assets in which funds are held and aim to maintain an appropriate mix of assets in order to realise the long-term aim. The Trustees continue to monitor regularly the value of investments and their financial performance in order to achieve long-term targets. The Charity had a net surplus for the year of £3,403,252 (2024: net surplus £8,268,017) after net gains/(losses).
Under the Memorandum and Articles of Association, the Charity has the power to invest any monies of the Charity upon such investments and in such manner as may from time to time be expedient. To see how expenditure meets the objects of the Charity, please refer to “Progress and achievements” below.
## **Progress and achievements**
The Trustees and staff launched an online Grant Management System accessed via the Foundation’s website (www.thegoslingfoundation.com) through which applicants submit their applications for the Trustees’ consideration. Applicants gain access to this system via a tailored Eligibility Quiz. These new systems seek to streamline applications and coherently provide Trustees with information to make their decisions.
During the year ended 31 March 2025, the Trustees and staff held an in-person meeting with property and investment managers to discuss their respective performances, determine future investment opportunities and outline their requirements for returns on the Foundation’s investment. The funds are now fully invested.
The Trustees and staff continue to make in-person visits to some grant applicants and grantees where the grant is in excess of £100,000. Visits are organised at the Trustees’ discretion and are conducted to further assess a grant application that has been made or to follow up on the progress of an existing grant.
## **Plans for future periods**
The Trustees' aim is to distribute in the order of £3.5m during the year ending 31 March 2026 and to review the progress made by the recipients of previous donations and grants to confirm how the Charity’s grants have been applied or regarding projects that the Charity’s funding has made possible.
The Trustees and staff plan to continue to develop and finesse the Grant Management System as and where necessary.
The Trustees and staff plan to continue making in-person visits to both prospective and existing grantees where the grant is over £100,000.
The Trustees are confident that sufficient income will be generated to enable the Charity to meet its objects.
**Page 6**
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## **THE GOSLING FOUNDATION LIMITED**
## **DIRECTORS' REPORT (CONTINUED)**
## **For the year ended 31 March 2025**
The Trustees continue to review the Charity’s objects to ensure that they reflect their focus areas more accurately.
## **Structure, governance and management**
The Gosling Foundation Limited is a company limited by shares and a registered Charity governed by its Memorandum and Articles of Association dated 5 March 1985.
The Trustees may appoint a person who is willing to act to be a Trustee either to fill a vacancy or as an additional Trustee. Subject to Article 31, a Trustee may be appointed under the Memorandum and Articles of Association to hold office for life or any other period or upon such terms in respect of their retirement as the Trustees shall at the time of their appointment determine.
Whilst the Trustees are not currently actively seeking new Trustees, they have considered their recruitment, appointment and training and have agreed that any new Trustee would have to be reputable, professional and selected based on their suitability for the role. As and when a new Trustee is appointed, they will be given a full induction, part of which is familiarisation with the Charity’s governing document. The administration team is responsible for obtaining relevant training material.
The number of members of the Charity is limited to 50. The Charity currently has three Trustees, as required by the Charity’s Memorandum and Articles of Association.
The Trustees aim to meet once a month to administer the affairs of the Charity. The frequency of meetings may change in the future.
## **Principal risks and uncertainties**
The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and a system has been established to mitigate those risks. The principal risk and uncertainty for the Charity relates to income generation in order to be able to award grants and cover other costs. The Charity holds a mixed portfolio of investments and the Trustees have established a system to review major risks and to mitigate those risks by regularly reviewing the portfolio. The exposure of the Charity to price risk, credit risk, liquidity risk and cashflow risk from holding its investments is therefore considered limited.
## **Reference and administrative information**
The Reference and Administrative information, as well as the Trustees who served during the year, are shown on page 3 of this report.
**Page 7**
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## **THE GOSLING FOUNDATION LIMITED**
## **DIRECTORS' REPORT (CONTINUED)**
## **For the year ended 31 March 2025**
## **Statement of Trustees’ responsibilities**
The Trustees (who are also the directors of The Gosling Foundation Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company 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 apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgments and estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to operate.
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.
Approved by the Trustees of the charity on 25 November 2025 and signed on its behalf by:
## **Hon Capt Adam Gosling RNR**
## **Trustee**
Date: 25 November 2025
**Page 8**
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## **THE GOSLING FOUNDATION LIMITED INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE GOSLING FOUNDATION LIMITED**
## **Opinion**
We have audited the financial statements of The Gosling Foundation Limited (the 'charity') for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Trustees Report have been prepared in accordance with applicable legal requirements.
**Page 9**
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## **THE GOSLING FOUNDATION LIMITED INDEPENDENT AUDITOR’S REPORT**
## **TO THE MEMBERS OF THE GOSLING FOUNDATION LIMITED (CONTINUED)**
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of trustees Responsibilities (set out on page 8), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
As part of our audit planning, we obtained an understanding of the legal and regulatory framework that is applicable to the Charity. We gained an understanding of the Charity and the sector in which the Charity operates as part of this assessment to identify the key laws and regulations affecting the Charity. As part of this, we reviewed the Charity’s website for an indication of any regulations in place and discussed these with the relevant individuals responsible for compliance. The key regulations we identified were Charity legislation and employment law. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011 and Charities SORP - FRS 102.
We discussed with management how the compliance with laws and regulations is monitored and discussed policies and procedures in place. We also identified the individuals who have responsibility for ensuring that the Charity complies with laws and regulations and deals with reporting any issues if they arise. As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the Charity’s ability to continue trading and the risk of material misstatement to the accounts.
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved the following:
- Enquiries of management and trustees regarding their knowledge of any non-compliance with laws and
- • regulations that could affect the financial statements. As part of these enquiries we also discussed with management whether there have been any known instances, allegations or suspicions of fraud.
**Page 10**
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## **THE GOSLING FOUNDATION LIMITED INDEPENDENT AUDITOR’S REPORT**
## **TO THE MEMBERS OF THE GOSLING FOUNDATION LIMITED (CONTINUED)**
- Reviewed filings with the Charity Commission and whether there were any serious incident reports made during the year.
- Reviewed Board minutes.
- Audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness.
- Audited the risk of fraud in revenue recognition, including proof in total, substantive testing and analytical review.
- Reviewed estimates and judgements made in the accounts for any indication of bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate omissions, collusion, forgery, misrepresentations, or the override of internal controls. We are also less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
Daniel Tout FCA (Senior Statutory Auditor)
For and on behalf of Francis Clark LLP, Statutory Auditor
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW
11 December 2025 Date:.............................
**Page 11**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **(INCLUDING AN INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 March 2025**
**----- Start of picture text -----**
Unrestricted
Centenary Expendable
Income Total Funds Total Funds
Fund Endowment
Fund 2025 2024
2025 Fund 2025
Notes 2025
£ £ £ £ £
Income:
Investments 2 5,097,905 - - 5,097,905 4,743,616
Total 5,097,905 - - 5,097,905 4,743,616
Expenditure:
Raising funds
Property management costs 3 (55,767) - - (55,767) (101,691)
Investment managers fees 3 (623,881) - - (623,881) (625,056)
Charitable activities
Grant making 4 (3,774,083) - - (3,774,083) (3,082,973)
Governance costs 6 (126,662) - - (126,662) (116,710)
Total (4,580,393) - - (4,580,393) (3,926,430)
Net (losses) / gains on investments
Gain/(losses) on 9 - - 1,255,000 1,255,000 (3,755,112)
investment properties
Gain/(losses) on listed 11 - - 1,623,695 1,623,695 11,236,430
investments
Unrealised gains/(losses)
- -
on foreign-exchange on 7,045 7,045 (30,487)
treasury cash deposits
Total net profit / (losses) on - -
2,885,740 2,885,740 7,450,831
investments
Net income / (expenditure) for
-
the year, being net movement 517,512 2,885,740 3,403,252 8,268,017
in funds
Reconciliation of funds:
Total funds brought forward 16 79,773,284 4,946,477 97,972,107 182,691,868 174,423,851
Transfer between reserves 16 (517,512) 517,512 - - -
Total funds carried forward 16 79,773,284 5,463,989 100,857,847 186,095,120 182,691,868
**----- End of picture text -----**
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure are derived from continuing activities.
The accompanying accounting policies and notes on pages 15 to 33 form part of these financial statements.
**Page 12**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **BALANCE SHEET**
## **As at 31 March 2025**
|Notes
**FIXED ASSETS:**
Investment properties
9
Listed investments
11
Treasury cash deposits
Tangible fixed assets|**2025**
**£**
50,860,000
92,248,490
43,583,794
-|**£**
**186,692,284**|**2024**
**£**
**£**
49,605,000
105,893,950
15,280,629
-
**170,779,579**|**2024**
**£**
**£**
49,605,000
105,893,950
15,280,629
-
**170,779,579**|
|---|---|---|---|---|
|**CURRENT ASSETS:**
Debtors
12
Cash at bank and in hand|902,125
2,084,731||1,578,995
13,473,044||
|13
amounts falling due
within one year
**CREDITORS :**|**2,986,856**
(3,019,020)||**15,052,039**
(2,064,750)||
|**Net Current Assets**||**(32,164)**||**12,987,289**|
|**Total Assets less Current Liabilities**
14
amounts falling due
after one year
**CREDITORS :**||**186,660,120**
(565,000)||**183,766,868**
(1,075,000)|
||||||
|**TOTAL NET ASSETS**||**186,095,120**||**182,691,868**|
|**Represented by:-**
Called up share capital
15
Unrestricted Income Fund
16|3
79,773,281|79,773,284|3
79,773,281|79,773,284|
|Centenary Fund
16
Unrealised Investment Gains
17
Expendable Endowment Fund
17
Total Expendable Endowment Fund|5,463,989
46,534,251
54,323,596|5,463,989
100,857,847|4,946,477
53,706,826
44,265,281|4,946,477
97,972,107|
||||||
|**Total funds**
17||**186,095,120**||**182,691,868**|
These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved and authorised for issue by the board of Trustees on: 25 November 2025
## **Hon Capt Adam Gosling RNR**
## **Trustee**
**Page 13**
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## **THE GOSLING FOUNDATION LIMITED**
## **STATEMENT OF CASH FLOWS**
## **As at 31 March 2025**
**----- Start of picture text -----**
Cash flows from operating activities 2025 2024
£ £
Net movement in funds 3,403,252 8,268,017
Adjustments for:
(Deduct) / add gains/losses on investment properties (1,255,000) 3,755,112
(Deduct) / add gains/losses on listed investments (1,623,695) (11,236,430)
Decrease / (increase) in treasury cash deposits (28,303,165) (9,732,779)
Add depreciation on tangible fixed assets - 948
Deduct interest income shown in investing activities below (211,167) (283,648)
Deduct dividend income shown in investing activities below (2,580,138) (2,315,274)
Deduct other investment income shown in
(2,306,600) (2,144,694)
investing activities below
Decrease in debtors 676,870 236,314
Increase in creditors 444,270 210,687
Cash used in operating activities (31,755,373) (13,241,747)
Cash flows from investing activities
Interest income 211,167 283,648
Dividend income 2,580,138 2,315,274
Other investment income 2,306,600 2,144,694
Purchase of listed investments (70,091,546) (20,178,108)
Disposal proceeds of listed investments 85,360,701 32,683,555
-
Disposal proceeds of investment properties 4,834,888
Cash provided by investing activities 20,367,060 22,083,951
Movement in cash and cash equivalents in the year (11,388,313) 8,842,204
Cash and cash equivalents at the beginning of the year 13,473,044 Note (i) 4,630,840
Total cash and cash equivalents at the end of the year 2,084,731 13,473,044
Notes to the financial statements
Other non-
(i) Analysis of changes in
01-Apr-24 Cash flows Cash 31-Mar-25
net debt
changes
-
Cash at bank and in hand [Note (i)] 13,473,044 (11,388,313) 2,084,731
Investments: Treasury cash deposits 15,280,629 28,296,120 7,045 43,583,794
Total 28,753,673 16,907,807 7,045 45,668,525
**----- End of picture text -----**
**Page 14**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For the year ended 31 March 2025**
## **1 Accounting policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **1.1 Basis of preparation**
The charity is a public benefit entity. The address of registered office is The Studio, 2 A Kempson Road, London, England, SW6 4PU.
The financial statements are prepared under the historical cost convention and 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) (2nd Edition, effective January 2019) (“Charities SORP”), the Companies Act 2006, the Charities Act 2011 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **1.2 Income**
Income is recognised when the charity has entitlement to the funds, on the following basis:
## **a Investment properties**
Income from investment properties comprises income derived from the leasing of commercial properties to tenants. The properties are leased to tenants under operating lease agreements and rentals are recognised in the statement of financial activities (including an income and expenditure account) on a straight line basis over the lease term.
Where rental income is structured to increase in line with expected general inflation, the rental agreements are amended on an annual basis and income is subsequently recognised in the statement of financial activities (including an income and expenditure account).
The charity has taken advance of the optional exemption available on transition to FRS 102, which allows lease incentives on leases entered into before the date of transition to the standard on 1 April 2014, to continue to be charged over the period to the first market rent review, rather than the term of the lease.
Rental income is recognised on a straight line basis over the lease term, where leases were entered into after the FRS 102 transition date on 1 April 2014.
## **b Listed investments**
Dividends and commission are recognised when receivable and represent income received from listed securities.
## **c Interest receivable**
Interest is recognised when receivable by the charity and represents treasury, bank and investment interest.
## **d Other income**
Other income is recognised when receivable by the charity and represents income from insurance rebates and bank compensation.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
**Page 15**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
## **1 Accounting policies (continued)**
## **1.3 Expenditure (continued)**
## **a Raising funds**
This comprises property management costs and investment managers fees which are recognised on an accruals basis. Any irrecoverable VAT is added to the related expense.
## **b Grant making**
Grants are accounted for in full in the period the grants are approved and the decision is notified to the recipient irrespective of the period covered by the grant. Grants awarded but not yet paid are recorded as grant commitments in the balance sheet. Any conditional grants are not provided for until the Trustees are satisfied that the conditions or grant terms have been met. Grant commitment creditors are split between creditors amounts falling due within one year and creditors amounts falling due after one year according to when the grants will be paid (see note 5).
## **c Governance costs**
Governance costs include external audit and accountancy fees and are recognised on an accruals basis. Irrecoverable VAT is included in the cost of those items to which it relates.
## **1.4 Defined contribution pension plan**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid, the charity has no further payment obligations.
The contributions are recognised as an expense in the Statement of Financial Activities when they fall due. Amounts not paid are shown in Other Creditors as a liability on the Balance Sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **1.5 Investment properties**
Investment properties are initially recognised at cost, which includes the original purchase price and the costs directly attributable to bringing the asset into its working condition for its intended use.
Investment properties are included on the balance sheet at their fair value which is determined annually. No depreciation is provided. Realised gains and losses on the disposal of investments are calculated as the difference between the sale proceeds, after deducting selling costs, and the fair value. Unrealised gains and losses represent the movement between fair values. Realised and unrealised gains and losses are included on the face of the statement of financial activities (including an income and expenditure account).
## **1.6 Listed investments**
Listed investments are stated in the financial statements at fair value. Realised gains and losses on the sale of investments are calculated as the difference between the sale proceeds and the original cost. Unrealised gains and losses represent the movement between fair values. Realised and unrealised gains and losses are included on the face of the statement of financial activities (including an income and expenditure account). Listed investments are held primarily to provide an investment return for the charity.
## **1.7 Cash at bank and in hand**
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
**Page 16**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
## **1 Accounting policies (continued)**
## **1.8 Funds**
The charity maintains an Unrestricted Income Fund, Centenary Fund and an Expendable Endowment Fund.
Income generated by the Expendable Endowment Fund is recognised as part of the Unrestricted Income Fund. Unrealised revaluation gains on investment properties and listed investments are taken to Unrealised Investment Gains, which for the purpose of charity fund accounting is part of the Expendable Endowment Fund. Revaluation losses are also taken to Unrealised Investment Gains to the extent that there is an Unrealised Investment Gains surplus in respect of the relevant asset.
The Expendable Endowment Fund was established from donations received for that purpose. This fund arises from the proceeds of a special dividend and the sale of the charity’s previous holding in National Parking Corporation Limited. The primary intention in establishing an Expendable Endowment Fund is for funds to be invested so as to generate future income for the purpose of the charity. The Trustees shall also be permitted to convert any or the entire Expendable Endowment Fund to the Unrestricted Income Fund, however in any decision whether or not to convert endowment monies into expendable income the Trustees should have regard for the primary intention of this endowment. The Trustees aim to increase the total funds of the charity to a level that will allow ongoing future annual donations of £2.5 million per annum.
Any funds receivable during the relevant accounting year but not utilised are carried forward as part of the Unrestricted Income Fund.
The Centenary Fund was set up by trustees to mark Sir Donald Gosling’s 100th Birthday in 2029. One or more large projects will be supported in this year and the Centenary Funds will be used for this purpose.
## **1.9 Leases**
Finance leases, which transfer to the charity substantially all the risks and rewards of ownership of the leased asset, are capitalised at the inception of the lease at the present value of minimum lease payments.
Rents receivable under operating leases are recognised in the statement of financial activities (including an income and expenditure account) on a straight line basis over the lease term.
## **1.10 Foreign Currency**
The charitable company’s functional and presentational currency is GBP.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the statement of financial activities (including an income and expenditure account).
## **1.11 Financial Instruments**
## **a Financial assets**
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price. Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.
**Page 17**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
## **1 Accounting policies (continued)**
## **1.11 Financial Instruments (continued)**
## **a Financial assets (continued)**
The impairment loss is recognised in the statement of financial activities (including an income and expenditure account). If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the statement of financial activities (including an income and expenditure account).
## **b Financial liabilities**
Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished; this is when the contractual obligation is discharged, cancelled or expires.
## **c Offsetting**
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **1.12 Judgements in applying accounting policies and key sources of estimation uncertainty**
The preparation of the charity’s financial statements require the Trustees to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, at the reporting date. However uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in future periods.
## **1.13 Valuation of investment property**
The fair value of investment property (note 9) is valued at the Trustees’ consideration that the values from the prior year are still considered fair value at year end. The investment properties are held at the valuations provided in previous years by professional external valuers using recognised valuation techniques. Determination of the fair value of the assets requires the use of estimates, taking into account future cash flows from the asset (such as lettings, future revenue streams and the overall repair and condition of the property). These estimates are based on local market conditions existing at the reporting date.
## **1.14 Tangible fixed assets**
Tangible fixed assets is measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged to the statement of financial activities (including an income and expenditure account) on a straight-line basis over the estimated useful lives of each part of an item of tangible fixed assets. The rate used is:
Computer equipment - over 3 years
**Page 18**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
|**2**
**Investment income**
Rent receivable from UK investment properties
Income from listed investments
Other income
Bank interest receivable (UK)|**Unrestricted**
**Income Fund**
**2025**
**£**
2,306,217
211,167
2,580,138
383
5,097,905|**Total Funds**
**2025**
**£**
2,306,217
211,167
2,580,138
383
5,097,905|**Unrestricted**
**Income Fund**
**2024**
**£**
2,114,398
283,648
2,315,274
30,296
4,743,616|**Total Funds**
**2024**
**£**
2,114,398
283,648
2,315,274
30,296
4,743,616|
|---|---|---|---|---|
All income from investment properties is generated from operating leases.
|**3**
**Raising funds**
Property expenses
Investment managers fees
Legal & professional fees in
respect of investment properties
Property insurance
Property management costs
**Costs of raising funds**|**Unrestricted**
**Income Fund**
**2025**
**£**
16,300
3,060
36,407
55,767
623,881
**679,648**|**Total Funds**
**2025**
**£**
16,300
3,060
36,407
55,767
623,881
**679,648**|**Unrestricted**
**Income Fund**
**2024**
**£**
31,571
21,301
48,819
101,691
625,056
**726,747**|**Total Funds**
**2024**
**£**
31,571
21,301
48,819
101,691
625,056
**726,747**|
|---|---|---|---|---|
## **4 Grant making**
The following table analyses the grants into broad categories and by year in which they fall due for payment.
|**Paid**
**2025**
**£**
**Royal Navy/Royal Marines (including TriService/Sea Cadets)**
Sea Cadet Fund
80,000
HMS Prince of Wales
2,400
RNR Scotland (HMS Scotia)
7,500
HMS Duncan
3,000
MTXG XRAY Squadron
5,000
HMS Sultan
3,500
HMS Vengeance STBD Families Day
5,000
846 Naval Air Squadron (HMS Heron)
2,750
The Seafarers' Charity
5,000
**Subtotal carried forward**
**114,150**|**Payable**
**2025-26**
**£**
-
-
-
-
-
-
-
-
-
**-**|**Total**
**£**
80,000
2,400
7,500
3,000
5,000
3,500
5,000
2,750
5,000
**114,150**|
|---|---|---|
**Page 19**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
**----- Start of picture text -----**
4 Grant making (continued)
Paid Payable
2025 2025-26 Total
£ £ £
Royal Navy/Royal Marines (including TriService/Sea Cadets) (continued)
-
Subtotal brought forward 114,150 114,150
-
RNRM Sub Aqua Association 5,000 5,000
-
RN Aquatics Association 6,500 6,500
HMS Sultan 5,000 - 5,000
-
RNRM-Surfing Association 5,000 5,000
814 NAS 1,000 - 1,000
HMS Hurworth 3,000 - 3,000
-
HMS Temeraire (Royal Navy CrossFit Assocation) 5,000 5,000
-
NCHQ 5,000 5,000
-
HMS Collingwood 3,700 3,700
HMS Sultan 7,500 - 7,500
HMS Vivid 1,350 - 1,350
-
1710 Naval Air Squadron 10,000 10,000
-
RMA: The Royal Marines Charity 5,900 5,900
-
RNRMC (HMS Raleigh) 42,000 42,000
-
White Ensign Association 50,000 50,000
824 NAS/RNAS Culdrose 1,400 - 1,400
CSF NWBS Red Watch 800 - 800
-
Defence Equipment and Support 7,200 7,200
HMS Gannet 1,000 - 1,000
-
DTXG - Alpha Diving Unit 2 (HMS Excellent) 4,000 4,000
-
846 Naval Air Squadron 5,380 5,380
814 NAS, RNAS Culdrose 900 - 900
HMS Sultan 2,000 - 2,000
RM Band Scotland 1,500 - 1,500
-
845 Naval Air Squadron 3,400 3,400
-
White Ensign Association 20,000 20,000
-
HMS Bangor MCM2 Crew 9 and 10 5,000 5,000
-
HMS Clyde Neptune Sailing Club 9,000 9,000
MTXG Yankee Squadron Unit 1 620 - 620
-
RN Hockey Association 5,000 5,000
Subtotal carried forward 328,300 9,000 337,300
**----- End of picture text -----**
**Page 20**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
**----- Start of picture text -----**
4 Grant making (continued)
Paid Payable
2025 2025-26 Total
£ £ £
Royal Navy/Royal Marines (including TriService/Sea Cadets) (continued)
Subtotal brought forward 328,300 9,000 337,300
-
Coastal Forces Squadron 2,000 2,000
814 NAS/RNAS Culdrose 4,000 - 4,000
HMS Seahawk 15,000 - 15,000
HMS Sultan 4,000 - 4,000
-
Integrated Warfare Centre (Northwood Officers Mess) 5,000 5,000
-
MTXG Yankee Squadron Unit 1 2,200 2,200
-
RN IW METOC branch (HMS Drake) 1,500 1,500
RNAS Culdrose 5,000 - 5,000
-
Britannia Royal Naval College (Central Amenities Fund) 15,000 15,000
RNAS Culdrose/824 NAS 1,500 - 1,500
-
820 Naval Air Squadron 2,500 2,500
-
TMA-The Royal Marines Charity 8,000 8,000
Y Sqn, 30 Cdo IX Gp RM - 500 500
-
UKMCC HQ Bahrain 3,500 3,500
824 NAS - 7,000 7,000
-
Royal Navy Equestrian Association 1,452 1,452
-
Joint Hospital Group Southwest 5,000 5,000
-
HMS Collingwood 10,000 10,000
-
RN Cycling Association 4,900 4,900
-
845 NAS (HMS Heron) 2,500 2,500
HMS Sultan - 7,500 7,500
RNAS Culdrose - 500 500
-
White Ensign Association 30,000 30,000
RNAS Yeovilton - 500,000 500,000
The British Forces Foundation 6,500 - 6,500
-
Ardrossan & Largs Sea Cadets 27,360 27,360
-
Tunbridge Wells Sea Cadet Corps 45,000 45,000
-
Bridlington Sea Cadets 6,000 6,000
-
Biggleswade Unit 36 of the Sea Cadet Corps 12,500 12,500
-
Dewsbury and District Unit of the Sea Cadet Corps 20,000 20,000
Subtotal carried forward 491,360 601,852 1,093,212
**----- End of picture text -----**
**Page 21**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
- **4 Grant making (continued)**
|**Paid**
**Payable**
**2025**
**2025-26**
**£**
**£**
**Royal Navy/Royal Marines (including TriService/Sea Cadets) (continued)**
**Subtotal brought forward**
**491,360**
**601,852**
Dewsbury and District Unit of the Sea Cadet Corps
-
20,000
Operation Christmas Box
25,000
-
**516,360**
**621,852**
**Youth**
Helping Disabilities Trust
7,500
-
Ravensthorpe Community Centre
5,000
-
The Junction Foundation
20,000
-
The Pod
6,000
4,000
Music Masters
10,000
-
All Shades of Life
10,000
-
The Seagull Lowestoft
5,000
-
Hebridean Pursuits Outdoor Learning
5,000
-
Project Indi
10,000
-
Essex Boys and Girls Clubs
10,000
-
Living Truth CIC
10,000
-
Calvert Exmoor
10,000
-
Forward Trust
10,000
-
Grow
10,000
-
BOSP (Brighter Opportunities for Special People)
5,000
-
The Bradfield Club
10,000
-
The Mix Stowmarket
-
10,000
46th Fife (YMCA) Scout Group
6,800
-
The Open Theatre Company
6,000
-
The Darlands Conservation Trust
49,000
-
XLP
20,000
-
Stride UK
30,000
-
Nene Park Trust
-
5,000
ScoutsCymru
15,000
-
Parable Dance CIC
18,000
-
**Subtotal carried forward**
**288,300**
**19,000**|**Total**
**£**
**1,093,212**
20,000
25,000
**1,138,212**
7,500
5,000
20,000
10,000
10,000
10,000
5,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
6,800
6,000
49,000
20,000
30,000
5,000
15,000
18,000
**307,300**|
|---|---|
**Page 22**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
**----- Start of picture text -----**
4 Grant making (continued)
Paid Payable
2025 2025-26 Total
£ £ £
Youth (continued)
Subtotal brought forward 288,300 19,000 307,300
-
The Autism Apprentice CIC 5,000 5,000
-
Stoke Youth Musical Theatre Company 10,000 10,000
-
Active Training and Education 10,000 10,000
YES Outdoors 5,000 - 5,000
-
The Shelford and Stapleford Youth Initiative 10,000 10,000
-
Leap Confronting Conflict 15,000 15,000
Sonshine Club 9,000 - 9,000
Move On 5,000 - 5,000
Guild Care 5,000 - 5,000
Wilderness Foundation - 7,500 7,500
Action4Youth 30,000 - 30,000
-
West Coast Crash Wheelchair Rugby 5,000 5,000
-
Calderdale Community Coaching Trust 7,600 7,600
STAA 10,000 - 10,000
The MPS Society 100,000 100,000 200,000
Inspire Youth Zone 20,000 40,000 60,000
Youth Experience in Sport 20,000 20,000 40,000
-
Nanpantan Scout Group 10,000 10,000
-
Central Yorkshire County Scout Council 30,000 30,000
Youth On The Move 10,000 - 10,000
BID Services 5,000 - 5,000
-
5th Leek (St Mary's) Scout Group 7,300 7,300
-
1st Molesey Scout Group 9,000 9,000
-
The Grand (Clitheroe) 10,000 10,000
-
Jolly Josh 10,000 10,000
Launch It Trust 22,000 - 22,000
Chance to Shine 15,000 - 15,000
Access Adventures 10,000 - 10,000
-
24th Hastings Scout Group 5,500 5,500
Subtotal carried forward 658,700 226,500 885,200
**----- End of picture text -----**
**Page 23**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
**----- Start of picture text -----**
4 Grant making (continued)
Paid Payable
2025 2025-26 Total
£ £ £
Youth (continued)
Subtotal brought forward 658,700 226,500 885,200
-
IgniteYou CIC 5,000 5,000
-
Local Village Network 10,000 10,000
-
MyBigCareer 10,000 10,000
Steel Warriors 28,000 - 28,000
SNaP Youth - 30,000 30,000
-
Street League 15,000 15,000
-
Leicester Children's Holidays 5,000 5,000
-
Mahdlo (Oldham Youth Zone) 11,000 11,000
-
Gympanzees 50,000 50,000
-
Young Enterprise 20,000 20,000
-
Canongate Youth 10,000 10,000
-
Oulton Broad Water Sports Centre 9,000 9,000
-
Bridging Barriers 5,000 5,000
Bolton Lads and Girls Club - 15,000 15,000
-
Pelton Community Association 6,000 6,000
Ocean Youth Trust Scotland 5,000 - 5,000
The Otakar Kraus Music Trust 12,500 - 12,500
National Maritime Museum Cornwall 15,000 - 15,000
-
Regenerate 10,000 10,000
-
Crown & Manor Club, Hoxton 6,112 6,112
-
Only Connect 10,000 10,000
First Star Scholars UK 10,000 - 10,000
-
Liberdade Community Development Trust 12,500 12,500
Generation UK 25,000 - 25,000
Little Gate Farm 30,000 - 30,000
-
St Michael's Hospice 2,500 2,500
Loud n Proud 10,000 - 10,000
FetLor Youth Club 7,000 - 7,000
Chickenshed - 5,000 5,000
Base 51 8,000 - 8,000
Subtotal carried forward 951,312 331,500 1,282,812
**----- End of picture text -----**
**Page 24**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
**----- Start of picture text -----**
4 Grant making (continued)
Paid Payable
2025 2025-26 Total
£ £ £
Youth (continued)
Subtotal brought forward 951,312 331,500 1,282,812
First Give 5,000 - 5,000
-
Cadet Vocational College 10,000 10,000
Alabaré - 10,000 10,000
-
Tall Ships Youth Trust 550,000 550,000
-
Fight for Peace International 15,000 15,000
-
Oasisplay 15,000 15,000
-
Oasisplay (additional) 15,000 15,000
The Roseland Centre 6,544 - 6,544
The Wildheart Trust 25,000 - 25,000
-
Coventry Boys and Girls Club 5,000 5,000
ATF Southend 7,520 - 7,520
-
Discovery Sailing Project 25,000 25,000
-
Moorfields Eye Charity 2,000 2,000
Fleet Air Arm Memorial Trust 3,000 - 3,000
-
Spread a Smile 25,000 25,000
-
The Nucleo Project 10,000 10,000
-
The Kensington & Chelsea Foundation 5,000 5,000
-
Branch Out Together (Lothian Autistic Society) 9,500 9,500
-
Elite Community Hub CIC 5,000 5,000
-
Sports Fun 4 All 6,000 6,000
-
Scaramouche Sailing Trust 30,000 30,000
-
SocietyLinks Tower Hamlets 5,000 5,000
-
The Access to Sports Project 10,000 10,000
-
Greater Manchester West County Scout Council 7,000 7,000
-
Special Olympics Great Britain 25,000 25,000
-
Oldham Borough Scouts 7,000 7,000
Centre 63 5,000 - 5,000
-
South Essex Community Hub 2,500 2,500
Yes Futures 2,500 - 2,500
West End Women & Girls Centre 5,800 - 5,800
Subtotal carried forward 1,169,176 968,000 2,137,176
**----- End of picture text -----**
**Page 25**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
**----- Start of picture text -----**
4 Grant making (continued)
Paid Payable
2025 2025-26 Total
£ £ £
Youth (continued)
Subtotal brought forward 1,169,176 968,000 2,137,176
-
The Mentoring Lab Community 10,500 10,500
The Harrow Club - 7,500 7,500
-
Rugby Portobello Trust 7,500 7,500
-
Sporting Communities 10,000 10,000
-
Menphys 10,000 10,000
-
1st Walton-on-Thames Scout Group 6,000 6,000
The Bungalow Youth Project (Buckfastleigh Community -
5,000 5,000
Development)
All Aboard Club CIC - 2,500 2,500
-
Greenhouse Sports 20,000 20,000
-
Buckingham, Winslow & District Scouts 5,000 5,000
-
Children's Hospital Pyjamas 5,000 5,000
-
5th/7th Wells Scout Group 15,000 15,000
-
Horn Development Association CIC 7,000 7,000
-
5th Putney Scout Group 16,000 16,000
School of Hard Knocks - 10,000 10,000
-
Aylesbury Youth Action 8,000 8,000
Active Fusion - 9,900 9,900
Rackets Cubed - 12,700 12,700
-
Znaniye Foundation 10,000 10,000
Horatio's Garden - 10,000 10,000
-
The Felix Project 5,000 5,000
-
Starlight Children's Foundation 7,500 7,500
-
Young Lives vs Cancer 1,000 1,000
-
Royal Marsden - Neuro-Oncology Fund 1,500 1,500
1,169,176 1,170,600 2,339,776
Education
-
GASP Motor Project 8,700 8,700
-
The Fylde Rugby Community Foundation 2,500 2,500
-
The Literacy Pirates 25,000 25,000
Subtotal carried forward 36,200 - 36,200
**----- End of picture text -----**
**Page 26**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
**----- Start of picture text -----**
4 Grant making (continued)
Paid Payable
2025 2025-26 Total
£ £ £
Education (continued)
-
Subtotal brought forward 36,200 36,200
Thames Festival Trust 30,000 - 30,000
-
Supporting Wounded Veterans 10,000 10,000
Hearts and Minds 10,000 - 10,000
-
Thrive (Society for Horticultural Therapy) 5,000 5,000
-
The Happy and Healthy Club 10,795 10,795
-
Yellow Submarine Holidays 10,000 10,000
-
Cre8 Football Academy 2,500 2,500
-
Edinburgh Science Foundation 15,000 15,000
The Elizabeth Foundation 10,000 - 10,000
The ClementJames Centre 10,000 - 10,000
-
Project 21 10,000 10,000
Level Trust 10,000 - 10,000
Pimlico Musical Foundation 10,000 - 10,000
-
The Royal National College for the Blind 10,000 10,000
-
CoachBright Charitable Trust 5,000 5,000
-
Dallaglio RugbyWorks 10,000 10,000
-
Historic Royal Palaces 45,000 45,000
The Gurkha Museum Trust - 10,000 10,000
-
Your Edge 15,000 15,000
249,495 25,000 274,495
Other
The Almshouse Association 25,000 - 25,000
-
SSAFA the Armed Forces Charity 50,000 50,000
-
The Royal Humane Society 13,000 13,000
-
Asthma + Lung UK 5,000 5,000
-
Manchester University Press 3,600 3,600
The Saints & Sinners Charitable Trust 2,500 - 2,500
-
The Ulysses Trust 5,000 5,000
-
St Mary's Church, Chiddingfold 7,500 7,500
-
111,600 111,600
**----- End of picture text -----**
**Page 27**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
**----- Start of picture text -----**
Paid Payable
2025 2025-26 Total
£ £ £
2,046,631 1,817,452 3,864,083
-
Grants written back in the year (90,000) (90,000)
Total 1,956,631 1,817,452 3,774,083
In the current year and prior year, all grants have been made to institutions from the Unrestricted Income Fund.
See the appendix for full comparatives.
5 Analysis of accruals for grants payable 2025 2026-27 Total
Notes £ £ £
Accruals for grants payable made in the year 1,589,769 245,000 1,834,769
Accruals for grants payable made in prior periods 672,500 320,000 992,500
13, 14 2,262,269 565,000 2,827,269
Prior year: 2024 2025-26 Total
£ £ £
Accruals for grants payable made in the year 749,823 475,000 1,224,823
Accruals for grants payable made in prior periods 580,000 600,000 1,180,000
13, 14 1,329,823 1,075,000 2,404,823
6 Governance costs Unrestricted Total Funds Unrestricted Total Funds
Income Fund Income Fund
2025 2024
2025 2024
£ £ £ £
Accountancy fees 20,298 20,298 18,756 18,756
Grant administration & professional fees 82,514 82,514 77,638 77,638
Audit fees 19,535 19,535 15,011 15,011
Depreciation - - 948 948
Bank charges 366 366 407 407
Other expenses 3,949 3,949 3,950 3,950
Governance costs 126,662 126,662 116,710 116,710
**----- End of picture text -----**
**Page 28**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
## **7 Trustees’ remuneration and trustees’ benefits**
No Trustees received any remuneration or had any expenses reimbursed for their services during the current or prior year.
|**8**
**Staff costs and employees**
Wages and salaries
Employer's national insurance
Employer's pension contributions|**2025**
**£**
77,397
3,170
1,947
**82,514**|**2024**
**£**
73,222
2,594
1,822
**77,638**|
|---|---|---|
The average monthly number of employees, excluding Trustees, during the year was 2 (2024 - 2).
No employees received remuneration benefits in excess of £60,000.
- **9 Investment properties**
|**Investment properties**
At 01 April:
Historical cost
Revaluation brought forward
Fair value
Disposals
Gains/losses on investment properties
Fair value at 31 March|**2025**
**£**
28,865,524
20,739,476
49,605,000
-
1,255,000
**50,860,000**|**2024**
**£**
35,768,343
22,426,657
58,195,000
(4,834,888)
(3,755,112)
**49,605,000**|
|---|---|---|
The investment properties were revalued at 31 March 2025 by Peck Property Consultants, qualified and external property consultants. The Trustees consider the valuation of the investment properties to be accurate and to reflect their fair value as at 31 March 2025. All investment properties are situated in the UK.
Realised and unrealised gains and losses on investment properties are allocated to the Expendable Endowment Fund.
## **10 Future minimum lease receipts due under non-cancellable operating leases**
|The future minimum lease receipts are as follows:
Due not later than one year
Later than one year and not later than five years
Later than five years|**2025**
**£**
2,372,516
10,240,875
83,963,784
**96,577,175**|**2024**
**£**
2,278,458
9,621,300
89,249,707
**101,149,465**|
|---|---|---|
**Page 29**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
|**11**
**Listed investments**
**At 01 April:**
Opening market value
Additions
Less: disposals
Gains/losses on investments
**Closing market value**
Historical cost
Revaluation carried forward|**2025**
**£**
105,893,950
70,096,417
(85,360,701)
1,618,824
**92,248,490**
77,530,482
14,718,008
**92,248,490**|**2024**
**£**
107,162,967
20,171,479
(32,683,555)
11,243,059
**105,893,950**
92,794,766
13,099,184
**105,893,950**|
|---|---|---|
Realised and unrealised gains and losses on listed investments are allocated to the Expendable Endowment Fund in both the current and prior year.
|**12**
**Debtors**
Trade debtors
Other debtors
Prepayments and accrued income|**2025**
**£**
16,893
54,596
830,636
**902,125**|**2024**
**£**
688,422
73,924
816,649
**1,578,995**|
|---|---|---|
Financial assets that are debt instruments measured at amortised cost comprise debtors and accrued income and amounted to £902,125 (2024: £1,578,995).
|**13**
**Creditors: amounts falling due within one year**
**Note**
Accruals for grants payable
5
Trade creditors
Other creditors
Taxation and social security
Other accruals
Deferred income
**Deferred income reconciliation**
Deferred income balance bought forward
Income released in the year
Income deferred|**2025**
**£**
2,262,269
20,830
2,760
83,874
129,946
519,341
**3,019,020**
500,891
(500,891)
519,341
**519,341**|**2024**
**£**
1,329,823
2,979
1,297
87,144
142,616
500,891
**2,064,750**
557,529
(557,529)
500,891
**500,891**|
|---|---|---|
**Page 30**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
## **13 Creditors: amounts falling due within one year (continued)**
Financial liabilities measured at amortised cost comprise accruals for grants payable and accruals excluding the audit fee accrual amounted to £2,942,850 (2024: £2,539,089).
|**14**
**Creditors: amounts falling due after more than one year**
**Note**
Accruals for grants payable
5
**15**
**Share capital**
**Allotted, called up and fully paid**
3 (2024: 3) Ordinary Shares of £1 each
**16**
**Trust funds**
**Expendable Endowment Fund**
(including the Unrealised Investment Gains):
Balance as at 1 April 2024
Net movement in funds
Balance as at 31 March 2025
**Centenary Fund:**
Balance as at 1 April 2024
Net movement in funds
Balance as at 31 March 2025
**Unrestricted Income Fund:**
Balance as at 1 April 2024
Net movement in funds
Balance as at 31 March 2025
**Prior year:**
**Expendable Endowment Fund**
(including the Unrealised Investment Gains):
Balance as at 1 April 2023
Net movement in funds
Balance as at 31 March 2024|**2025**
**£**
**565,000**
**2025**
**£**
**3**|**2024**
**£**
**1,075,000**
**2024**
**£**
**3**
**£**
97,972,107
2,885,740
**100,857,847**
4,946,477
517,512
**5,463,989**
79,773,284
-
**79,773,284**
90,521,276
7,450,831
**97,972,107**|
|---|---|---|
**Page 31**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
|**16**
**Trust funds (continued)**
**Centenary Fund:**
Balance as at 1 April 2023
Net movement in funds
Balance as at 31 March 2024
**Unrestricted Income Fund:**
Balance as at 1 April 2023
Net movement in funds
Balance as at 31 March 2024|**£**
4,129,291
817,186
**4,946,477**
79,773,284
-
**79,773,284**|
|---|---|
## **17 Analysis of net assets between funds**
|**Unrestricted**
**Share**
**Income**
**Capital**
**Fund**
**£**
**£**
Fund balances at 31 March 2025
are represented by:-
Investments
3
80,370,445
Current assets
-
2,986,856
Liabilities
-
(3,584,020)
**Total net assets**
**3**
**79,773,281**
Fund balances at 31 March 2024
are represented by:-
Investments
3
67,860,992
Current assets
-
15,052,039
Liabilities
-
(3,139,750)
**Total net assets**
**3**
**79,773,281**|**Centenary**
**Fund**
**£**
5,463,989
-
-
**5,463,989**
4,946,477
-
-
**4,946,477**|**Expendable**
**Endowment**
**Fund**
**£**
54,323,596
-
-
**54,323,596**
44,265,281
-
-
**44,265,281**|**Unrealised**
**Investment**
**Gains**
**£**
46,534,251
-
-
**46,534,251**
53,706,826
-
-
**53,706,826**|**Total**
**Funds**
**£**
186,692,284
2,986,856
(3,584,020)
**186,095,120**
170,779,579
15,052,039
(3,139,750)
**182,691,868**|
|---|---|---|---|---|
## **18 Control**
In the current and prior year, there was no ultimate controlling party. All decisions are made by the Trustees unanimously. The charitable company was incorporated in 1985 as a private company limited by shares. No rights exist to appoint and remove Directors.
**Page 32**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**For the year ended 31 March 2025**
## **19 Related party transactions**
During the year the charity made donations of £100,000 (2024: £60,000) to The White Ensign Association Limited, a charity where Hon Capt Adam Gosling is a Trustee. At the balance sheet date, the balance due to The White Ensign Association was £30,000 (2024: £30,000).
**Page 33**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
## **Appendix - Comparatives for Grant making year ended 31 March 2024**
The following table analyses the grants into broad categories and by year in which they fall due for payment.
|**Paid**
**Payable**
**2024**
**2024-25**
**£**
**£**
**Royal Navy/Royal Marines (including TriService/Sea Cadets)**
Sea Cadet Fund
35,000
-
HMS Collingwood
2,300
-
30 Cdo IX Gp RM
5,000
-
The Maritime Foundation (Maritime Media Awards)
6,000
-
Stockton-on-Tees Sea Cadet Corps
8,639
-
Kilkeel Sea Cadets
8,540
-
HMS Sultan
4,500
-
Sea Cadet Fund
25,000
25,000
Trinity House Maritime Charity
17,000
-
HMS Pembroke (First Mine Counter Measures Squadron - SU
600
-
Marine Society and Sea Cadets
50,000
100,000
White Ensign Association (September Meeting Expenses)
20,000
-
HMS Scott
3,800
-
Yes, UK Naval Support Facility
5,000
-
RNAS Yeovilton
2,000
-
824 NAS, RNAS Culdrose
2,000
-
White Ensign Association (Trafalgar Dinner)
10,000
-
Milford Haven Unit 564 of the Sea Cadet Corps
10,000
-
HMS Sultan (Matterhorn)
4,000
-
Eastern Region Football Team
2,800
-
HMS Sultan (ramp)
5,000
-
HMS Artful
10,000
-
HMS Naval Servicewomen's Network
10,000
-
Cadet Vocational College
10,000
-
UKSC Chicksands
500
-
RN Adventurous Training Team (SHAPE)
1,500
-
Northwood Officers' Mess
1,200
-
MCM2 Crew 5 (HMS Chiddingfold)
10,000
-
HMS Sultan (Remembrance Weekend)
2,500
-
**Subtotal carried forward**
**272,879**
**125,000**|**Total**
**£**
35,000
2,300
5,000
6,000
8,639
8,540
4,500
50,000
17,000
600
150,000
20,000
3,800
5,000
2,000
2,000
10,000
10,000
4,000
2,800
5,000
10,000
10,000
10,000
500
1,500
1,200
10,000
2,500
**397,879**|
|---|---|
**Page 34**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
**----- Start of picture text -----**
Paid Payable
2024 2024-25 Total
£ £ £
Subtotal brought forward 272,879 125,000 397,879
-
RN Race Diversity Network (HMS Excellent) 3,800 3,800
1710 NAS 10,000 - 10,000
-
HMS Sultan (Wardroom Christmas Ball) 1,000 1,000
RM Band Scotland 1,000 - 1,000
HMS President 1,650 - 1,650
-
White Ensign Association (for staff training) 10,000 10,000
-
HMS Excellent (Hons/NEDS, Strategic Engagement Team, Naval 4,000 4,000
HMS Excellent Wardroom Mess 1,000 - 1,000
HMS Excellent Senior NCOs Mess 1,000 - 1,000
HMS Excellent Welfare Fund 1,000 - 1,000
Sea Cadet Fund 20,000 - 20,000
-
Coastal Forces Squadron 1,500 1,500
-
HMS Vigilant 10,000 10,000
BRNC Dartmouth 6,000 - 6,000
HMS Ferret 1,120 - 1,120
-
HMS Sultan (pool table) 3,000 3,000
-
University RN Unit URNU Solent 6,000 6,000
-
Royal Navy Field Gun Association 23,076 23,076
-
HMS Ledbury 8,000 8,000
-
MAG, 846 Naval Air Squadron 2,000 2,000
-
HMS Collingwood 25,000 25,000
RM Band Collingwood - 905 905
-
RMA: The Royal Marines Charity 10,000 10,000
814 Naval Air Squadron (RNAS Culdrose) - 700 700
-
RNAS Yeovilton (Culdrose) 2,500 2,500
SSAFA 50,000 - 50,000
-
Naval Children's Charity 10,000 10,000
-
White Ensign Association: D-Day 80th Anniversary Dinner 20,000 20,000
428,025 204,105 632,130
**----- End of picture text -----**
**Page 35**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
**----- Start of picture text -----**
Paid Payable
2024 2024-25 Total
£ £ £
Youth
The Green Team 10,000 - 10,000
-
DigiLocal CIO 10,000 10,000
-
Sports Connections Foundation 10,000 10,000
-
A.P.E. Project CIC 5,000 5,000
-
Lancashire School Sailing Association 5,160 5,160
-
Cheddington Scout Group 10,000 10,000
-
Chailey Heritage Foundation 5,000 5,000
The Brilliant Club 25,000 - 25,000
-
North of England Activities and Training 10,000 10,000
-
Our Community Foundation 5,000 5,000
KEEN 5,544 - 5,544
Rock UK 5,000 - 5,000
Intermission Youth 20,000 - 20,000
Denewulf District Scout Council 6,000 - 6,000
-
Felix Project 5,000 5,000
-
Magpie Dance 6,000 6,000
TRAYE 5,000 - 5,000
The Lord's Taverners 2,500 - 2,500
-
Engineering Development Trust 5,000 5,000
-
Parasol Project 4,035 4,035
The Jericho Foundation 20,000 - 20,000
-
Youth & Community Connexions 5,000 5,000
Door 84 5,000 - 5,000
Families United Network 5,000 - 5,000
-
Norton Hall Children and Family Centre 5,000 5,000
-
Resurgo Trust 10,000 10,000
-
Urban Uprising 10,000 10,000
Little Gate Farm 30,000 - 30,000
Foreland Fields School 30,000 - 30,000
Treasured Moments 5,000 - 5,000
-
Prospex 20,000 20,000
Subtotal carried forward 304,239 - 304,239
**----- End of picture text -----**
**Page 36**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
**----- Start of picture text -----**
Paid Payable
2024 2024-25 Total
£ £ £
-
Subtotal brought forward 304,239 304,239
Ruth Strauss Foundation 5,000 - 5,000
Future Frontiers 50,000 - 50,000
-
Northern Powerhouse Boxing Academy 10,000 10,000
-
Bloomsbury Football Foundation 10,000 10,000
-
Young People First 5,000 5,000
-
Helm Training 10,000 10,000
-
Loughborough Junction Action Group 10,000 10,000
-
Career Ready 15,000 15,000
-
1st Dromore Scouts Newry 20,000 20,000
-
Chichester City Centre Drop-In (The Bell Tower) 10,000 10,000
AFK 5,000 - 5,000
-
Wycombe Food Hub 2,500 2,500
-
Young Bristol 10,000 10,000
-
1st Great Horwood Scout Group 10,000 10,000
Tutors United 5,000 - 5,000
-
Ipswich Unit 195 of the Sea Cadet Corps 12,500 12,500
-
S Pinter Youth Project 5,000 5,000
SNAAP - 10,000 10,000
South Bristol Youth 5,000 - 5,000
-
Building Self-Belief CIO 10,000 10,000
Azamrah Youth Club 5,000 - 5,000
-
Stafford Brigades Youth Band 5,000 5,000
-
1st Stretford (Longford) Scout Group 35,000 35,000
-
Square Peg Activities Limited 10,000 10,000
-
Friendship Café Ltd 5,012 5,012
-
Collyhurst and Moston Boxing Club 15,000 15,000
The Outrunners 2,500 - 2,500
Greater Manchester Youth Network 8,500 - 8,500
-
Priority Youth Project 5,000 5,000
Sal's Shoes 15,000 - 15,000
-
Ride High 10,000 10,000
Subtotal carried forward 547,751 92,500 640,251
**----- End of picture text -----**
**Page 37**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
**----- Start of picture text -----**
Paid Payable
2024 2024-25 Total
£ £ £
Subtotal brought forward 547,751 92,500 640,251
-
Young Leicestershire 5,000 5,000
The Feathers Association 20,000 - 20,000
WAVE Adventure - 15,000 15,000
-
Love Rowing (British Rowing Charitable Foundation) 5,000 5,000
SNOOSC 2,625 - 2,625
Fulham Reach Boat Club 7,500 - 7,500
Short Football CIC 5,000 - 5,000
-
Ospreys Wheelchair Rugby 6,750 6,750
Youth Adventure Trust 7,460 - 7,460
Me2 Club 7,400 - 7,400
-
Shipwrights' Charitable Fund 200,000 200,000
-
Basecamp Adventure Trust 17,765 17,765
-
SALTO Gymnastics Charitable Foundation 20,000 20,000
Outward Bound 200,000 - 200,000
-
Fight for Sight/Vision Foundation 50,000 50,000
-
Royal Navy Association Football 8,000 8,000
-
Wolverhampton Youth Zone 5,000 5,000
Oasis Warndon Community Hub 5,000 5,000 10,000
RONA Trust 75,000 - 75,000
The Rose Theatre, Kingston 125,000 250,000 375,000
LinkAble - 10,000 10,000
Exmouth Beach Rescue Club 5,000 - 5,000
-
Bedgrove Residents & Community Association 5,000 5,000
Oi Musica - 7,500 7,500
The Guide Association - 40,000 40,000
-
Ayr Unit (No 17) of the Sea Cadet Corps 20,000 20,000
-
Rugby Portobello Trust 7,500 7,500
The Harrow Club - 7,500 7,500
-
The Kensington & Chelsea Foundation 10,000 10,000
The Nucleo Foundation - 5,000 5,000
Believe Achieve CIC - 5,000 5,000
Subtotal carried forward 1,052,251 753,000 1,805,251
**----- End of picture text -----**
**Page 38**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
**----- Start of picture text -----**
Paid Payable
2024 2024-25 Total
£ £ £
Subtotal brought forward 1,052,251 753,000 1,805,251
7th St Pancras Guides - 6,000 6,000
-
Hearing Dogs for Deaf People 10,000 10,000
The Boathouse Youth - 10,000 10,000
Sheffield and Rotherham Wildlife Trust - 5,000 5,000
-
Royal Drawing School 15,000 15,000
-
Discovery Sailing Project 25,000 25,000
-
Wheels for Wellbeing 5,424 5,424
Ellen MacArthur Cancer Trust 12,000 - 12,000
-
Sunshine & Smiles: Leeds Down Syndrome Network 5,000 5,000
-
The Harlequins Foundation 10,000 10,000
-
Sports Alive North West 30,000 30,000
-
Group 64 & Putney Arts Theatre 14,688 14,688
-
FC Darlington Locomotives 5,000 5,000
Active Foundation CIC - 10,000 10,000
-
Starlight Children's Foundation 10,000 10,000
1,074,675 903,688 1,978,363
Education
-
The Rowdown Inspire to Aspire Foundation 7,500 7,500
-
Tir Coed cyf 6,000 6,000
Providence Row 10,000 - 10,000
-
Surrey Care Trust 10,000 10,000
Work Avenue 10,000 20,000 30,000
Exeter Cathedral 50,000 - 50,000
-
Young People's Puppet Theatre 10,000 10,000
-
City Gateway 10,000 10,000
-
Assisting Berkshire Children (ABC) to read 5,000 5,000
-
JPC Community Farm 5,000 5,000
Sunfield Children's Home - 45,000 45,000
-
The Mary Rose Trust 7,000 7,000
-
The No Way Trust 5,000 5,000
Subtotal carried forward 135,500 65,000 200,500
**----- End of picture text -----**
**Page 39**
Docusign Envelope ID: E00EEB0F-62DA-4056-8724-6D9B5DE7AEDB
## **THE GOSLING FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **For the year ended 31 March 2025**
**----- Start of picture text -----**
Paid Payable
2024 2024-25 Total
£ £ £
Subtotal brought forward 135,500 65,000 200,500
-
Learning Partnership West CiC 5,800 5,800
Team Domenica 7,500 - 7,500
IMarEST 10,000 - 10,000
Whirlow Hall Farm Trust 5,000 - 5,000
-
Royal Blind Asylum & School (Sight Scotland) 6,500 6,500
We the Curious 15,000 - 15,000
UKSA 60,000 - 60,000
Prior's Court Foundation 25,000 - 25,000
On Course Foundation - 7,180 7,180
Treloar's 20,000 - 20,000
Make Them Smile - 2,500 2,500
290,300 74,680 364,980
Other
Chilterns MS Centre 25,000 25,000 50,000
MPS 30,000 - 30,000
Horatio's Garden 10,000 - 10,000
-
Kent, Surrey and Sussex Air Ambulance 5,000 5,000
Saints and Sinners Charitable Trust 2,500 - 2,500
-
Chiddingfold PCC 7,000 7,000
Horatio's Garden - 10,000 10,000
-
St Michael's Hospice 10,000 10,000
-
Macmillan Cancer Support 2,000 2,000
-
The Felix Project 5,000 5,000
-
C4WS Homeless Project 1,000 1,000
79,500 53,000 132,500
1,872,500 1,235,473 3,107,973
-
Grants written back in the year (25,000) (25,000)
Total 1,847,500 1,235,473 3,082,973
**----- End of picture text -----**
**Page 40**