London Maccabi Recreational Trust (A Company Limited by Guarantee)
Registered number: 04489301
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 7 666,134 687,620
666,134 687,620
Current assets
Cash at bank and in hand - 1,602
- 1,602
Creditors: amounts falling due within one year 8 (45,898) (46,290)
Net current liabilities (45,898) (44,688)
Total assets less current liabilities 620,236 642,932
Net assets 620,236 642,932
Charity funds
Unrestricted funds 9 620,236 642,932
Total funds 620,236 642,932
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Kyte
Director
Approved by the board on 24 March 2025
London Maccabi Recreational Trust (A Company Limited by Guarantee)
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared 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) (effective 1 January 2015) - Charities SORP (FRS 102), the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

London Maccabi Recreational Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise sttaed in the relevant accounting policy.
Expenditure
Expenditure is recognised once there is a legal and 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.
Support costs are those costs incurred directly in support of expenditure on the objects of the company and included project management carried in Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 5% to 10% straight line
Fixtures and fittings 20% reducing balance
Freehold land not provided
Included in land and buildings is matting used for the all weather pitch. This is being depreciated at 10% straight line, as its useful economic life is 10 years.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the company and which have not been designated for other purposes.
Going concern
At the balance sheet date, the company's current liabilities exceeded its current assets by £45,898. Included within current liabilities is a loan of £44,563 owed to Maccabi London Brady Recreational Trust ('MLBRT') (see note 11). The company is therefore dependent on the ongoing support of MLBRT. The directors are confident that this support will continue, and that MLBRT will not require the loan to be repaid for at least a year after the date these financial statements are approved. They have therefore prepared the financial statements on the going concern basis.
2 Analysis of expenditure by activities
Activities
undertaken Support
directly costs Total Total
2024 2024 2024 2023
£ £ £ £
Charitable activities 21,486 1,338 22,824 22,913
3 Direct cost
2024 2023
£ £
Depreciation 21,486 21,581
21,486 21,581
4 Support cost
Total Total
2024 2023
£ £
Accounting fees 1,338 1,332
1,338 1,332
5 Net income/ (expenditure)
This is stated after charging: 2024 2023
£ £
Depreciation of tangible fixed assets: 21,486 21,581
During the year, no trustees received any remuneration (2023: £Nil).
During the year, no trustees received any benefits in kind (2023: £Nil).
During the year, no trustees received any reimbursment of expenses (2023: £Nil).
6 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
7 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 1,149,849 47,013 1,196,862
At 30 June 2024 1,149,849 47,013 1,196,862
Depreciation
At 1 July 2023 464,110 45,132 509,242
Charge for the year 21,110 376 21,486
At 30 June 2024 485,220 45,508 530,728
Net book value
At 30 June 2024 664,629 1,505 666,134
At 30 June 2023 685,739 1,881 687,620
Included in land and buildings is freehold land at cost of £557,495 (2023: £557,495) which is not depreciated.
8 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 45,898 46,290
45,898 46,290
9 Statement of funds
Balance at Balance at
30 June 30 June
2023 Income Expenditure 2024
£ £ £ £
Unrestricted funds:
General funds 642,932 128 22,824 620,236
10 Analysis of net assets between funds
Unrestricted
funds
2024
£
Tangible fixed assets 666,134
Creditors due within one year (45,898)
620,236
11 Related party transactions
The company lets out its land and buildings to Maccabi London Brady Recreational Trust ('MLBRT'); a charity with certain trustees in common, for a peppercorn rent. The company transferred its operations of providing facilities for participation in sport, recreation and education to MLBRT during the year ended 31 July 2014.

During the year MLBRT paid £1,275 (2023: £1,212) and received £1,730 (2023: £nil) on behalf of the Trust.

Included within other creditors is a loan of £44,563 (2023: £45,018) from MLBRT. This balance is unsecured and interest free, with no fixed repayment terms.
12 Controlling party
The company is limited by guarantee and is under the control of its directors as a body.
13 Other information
The company is a registered charity and is not liable to corporation tax on income or gains derived from its charitable activities.
London Maccabi Recreational Trust is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
Its registered office is:
Rowley Lane Sports Ground
Rowley Lane
Arkley
Hertfordshire
EN5 3HW
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