Maccabi London Brady Recreational Trust (A Company Limited by Guarantee)
Registered number: 08158445
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 12 1,101,417 1,243,883
1,101,417 1,243,883
Current assets
Stocks 13 1,942 1,777
Debtors 14 213,889 107,911
Cash at bank and in hand 126,827 74,250
342,658 183,938
Creditors: amounts falling due within one year 15 (116,454) (222,209)
Net current assets/(liabilities) 226,204 (38,271)
Total assets less current liabilities 1,327,621 1,205,612
Creditors: amounts falling due after more than one year 17 (39,300) (81,822)
Net assets 1,288,321 1,123,790
Charity funds
Unrestricted funds 18 1,288,321 1,123,790
Total funds 1,288,321 1,123,790
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.
A Landesberg
Director
Approved by the board on 27 March 2025
Maccabi London Brady 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); FRS 102, the Financial Reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard); and the Companies Act 2006.
Maccabi London Brady 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 stated in the relevant accounting policy.
Income
Income received from donations, Gift Aid Tax and charitable activities is measured at the fair value of the consideration received or receivable. Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be reliably measured. Income received in advance of the provision of services is deferred until the criteria for income recognition are met.
Government and other grants for the purpose of giving immediate financial support with no future related costs, including those from the Government job retention scheme, are recognised under the accrual model as income in the period in which it becomes receivable.
Expenditure
Expenditure, inclusive of any VAT that cannot be recovered, 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. Expenditure is classified by activity.
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.
Costs of raising funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
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:
Short-term leasehold property over the term of the lease, or useful life of 10 years
Fixtures and fittings 25% reducing balance
Computer equipment 25% reducing balance
Sports equipment 25% reducing balance
Construction Work in Progress no depreciation until brought into use as short-term leasehold property
Stocks
Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow-moving stocks.
Debtors
Trade and other debtors are measured at transaction price (which is usually the invoice price), less any trade discount offered and impairment losses for bad and doubtful debts. Prepayments are valued at the amount prepaid net of any trade discount due.
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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising funds and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Income from donations and legacies 2024 2023
£ £
Donations 365,302 43,406
365,302 43,406
3 Income from charitable activities 2024 2023
£ £
Football pitch hire income 279,440 288,335
Hall and facilities hire income 64,485 59,300
Catering and bar income 56,229 64,545
Car park income 22,400 22,400
422,554 434,580
4 Investment income 2024 2023
£ £
Other investment income 178 317
178 317
5 Other trading activities 2024 2023
£ £
Fundraising income 48,069 20,531
6 Other income 2024 2023
£ £
Grant income 8,400 -
8,400 -
7 Analysis of expenditure by activities
Activities
undertaken Support
directly costs Total Total
2024 2024 2024 2023
£ £ £ £
Charitable activities 606,600 38,406 645,006 607,925
8 Direct cost 2024 2023
£ £
Pitch and ground maintenance 149,887 125,486
Camp and youth program expenditure 750 750
Bar and catering expenses 21,326 28,653
Event costs 24,554 12,340
Car park expenses 938 4,292
Advertising and recruitment 5,223 3,744
Premises expenditure 56,848 62,654
Postage, stationery and printing 41 627
Telephone and fax 1,217 1,553
Computer expenses 8,471 8,784
Insurance 24,503 17,348
Sundry expenses 5,194 9,088
Football expenses 1,366 597
Bad debts 6,839 1,000
Staff cost 152,477 166,547
Depreciation 146,966 123,157
606,600 566,620
9 Support cost
Governance Support costs Total Total
2024 2024 2024 2023
£ £ £ £
Bank charges - 2,385 2,385 2,558
Bank loan interest - 8,599 8,599 8,198
Subscriptions and licences - 11,186 11,186 9,522
Bookkeeping and consultancy - 12,387 12,387 17,394
Independent Examination fee 3,849 - 3,849 3,633
3,849 34,557 38,406 41,305
10 Net income 2024 2023
This is stated after charging: £ £
Depreciation of tangible fixed assets: 146,966 123,157
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 reimbursement of expenses (2023: £Nil).
11 Staff costs 2024 2023
£ £
Wages and salaries 132,647 137,916
Contractors 11,813 16,337
Social security costs 5,993 8,703
Other pension costs 2,024 2,383
Staff training - 1,208
152,477 166,547
Average number of persons employed by the company 6 6
No employee received remuneration amounting to more than £60,000 in either year.
12 Tangible fixed assets
Short term leasehold property Plant and machinery Sports equipment Total
£ £ £ £
Cost
At 1 July 2023 1,556,006 57,262 47,173 1,660,441
Additions 4,500 - - 4,500
At 30 June 2024 1,560,506 57,262 47,173 1,664,941
Depreciation
At 1 July 2023 358,649 29,189 28,720 416,558
Charge for the year 134,107 7,816 5,043 146,966
At 30 June 2024 492,756 37,005 33,763 563,524
Net book value
At 30 June 2024 1,067,750 20,257 13,410 1,101,417
At 30 June 2023 1,197,357 28,073 18,453 1,243,883
13 Stocks 2024 2023
£ £
Stocks 1,942 1,777
14 Debtors 2024 2023
£ £
Trade debtors 164,005 75,899
Other taxes and social security costs 1,536 6,992
Prepayments and accrued income 48,348 25,020
213,889 107,911
15 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 41,178 37,449
Trade creditors 58,956 146,647
Other taxes and social security costs 2,071 1,724
Accruals and deferred income 14,249 36,389
116,454 222,209
16 Deferred income 2024 2023
£ £
Brought forward 23,045 7,445
Movement in the year (15,281) 15,600
Carried forward 7,764 23,045
Deferred income comprises income received in advance from pitch and venue hires and advertising.
17 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 39,300 81,822
39,300 81,822
The bank loan was granted under the coronavirus business interruption loan facility scheme. The loan is guaranteed by the Department for Business, Energy and Industrial Strategy. No capital or interest was payable in the first 12 months of the loan. The net present value of the business interruption payment was recognised in the profit and loss account in the year ended 30 June 2020.
18 Statements of funds
Balance at Balance at
30 June 30 June
2023 Income Expenditure 2024
£ £ £ £
Unrestricted funds
General funds 1,123,790 844,503 679,972 1,288,321
1,123,790 844,503 679,972 1,288,321
19 Analysis of net assets between funds
Unrestricted
funds
2024
£
Tangible fixed assets 1,101,417
Current assets 342,658
Creditors due within one year (116,454)
Creditors due after more than one year (39,300)
1,288,321
20 Related party transactions
During the year Maccabi London Brady Recreational Trust ('the Trust'):
- received total donations from the trustees of £60,000 (2023: £15,600);
- paid £1,275 (2023: £1,212) and received £1,730 (2023: £nil) on behalf of London Maccabi Recreational Trust ('the LMRT'); the LMRT has certain trustees in common with the Trust; and
- used the LMRT's land and buildings for peppercorn rent.

The balance of £44,563 (2023: £45,018) due from the LMRT has been fully provided for.
21 Controlling party
The company is limited by guarantee and is under the control of its directors as a body.
22 Other information
The company is a registered charity and is not liable to corporation tax on income or gains derived from its charitable activities.
Maccabi London Brady 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
Herts
EN5 3HW
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