Trustees’ Annual Report for the period
From 11 August 2021 to 10 August 2022
Charity name: Gospel Oak School Association
Charity registration number: 1015477
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The object of the Association is to advance the education of the pupils in Gospel Oak Primary School. In furtherance of this object the Association may: (a) develop more extended relationships between the staff, parents and others associated with the School (b) engage in activities which support the School and advance the education of the pupils attending it (c) Engaging in activities or providing facilities or equipment which support the school and advance the education of the pupils |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The Association holds fund raising events and applies for grants to provide Gospel Oak School with additional resources and enhance education, music, sport and drama provision and facilities at the school. The Association organizes social and entertainment events to encourage interaction and cohesiveness amongst the school community. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | On this matter, the Trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Net funds raised of over £35,000 i.e. gross fundraising less fundraising costs. GOSA was pleased to provide a Priority Grants to the school of £12,603 to enable the purchase of ICT hardware for Phase 2 pupils and interactive whiteboards for use throughout the school. Every year GOSA members elect to provide funds for educational projects, trips, facilities and events requested by teachers and staff at the school under the banner of School Project Grants. The total grant expenditure of £36,040 was a material increase on prior years as school life returned to normal post pandemic and GOSA looked to support the school in the light of continued funding cuts. Thirty seven different grants were approved during the year • Art/Music/Drama/Teaching grants included the Orchestra of the Age of Enlightenment, a visti from the Sky Blue Theatre, Phonics books, Hegarty Maths and creative writing workshops. • Funded Trips and Visits included trips to the Zoo, the year 6 trip to see the Lion King at the theatre and a Christmas Party entertainer for Reception. • Funded additional resources for the school included new folding tables and chairs to make better use of existing space, resources to create a school gardening club, furniture for the Art and DT |
room and new hardware for Phase 2 ICT. No external grants were received from for the Brass Band Fund during the year. GOSA aims to continue with its commitment to make available £5,000 per year as needed to secure the on-going future of the Brass Band, either through specific fundraising or through allocation of general funds. £5085 was granted to the school during the year to pay for tuition costs. As in previous years, GOSA funded a youth hostel bedding supplement for the Y6 School Journey and Y6 leavers t-shirts. We analysed the reach of the School Priority and Project Grants for 2021/22 across the school and found that 4% ( 19/20: 10% ) was allocated to EYFS, 21% ( 7% ) to Phase 1, 4% ( 17% ) to Phase 2, 35% (53 % ) to Phase 3 and 36% ( 13% ) benefitted pupils across the whole school. The analysis was not completed for the 2020/21 year due to the low levels of total expenditure.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The financial position was strong, with the general unallocated reserve being equivalent to over three years of general grant expenditure excludingcapitalprojects |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Association retains unspent reserves in its bank account. Some of these reserves are ring-fenced for specific activities and held until such time as the school is ready to spend these funds on those specific activities. The balance of funds is denoted in a General, unallocated reserve. |
| Amount of reserves held | Para 1.22 | £43,004 |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution adopted at the Annual General Meeting 20thOctober 1992 and revised 7th November 2014 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Association |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Volunteers from parent and teacher body are nominated and approved in vote at the Annual General Meeting. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Gospel Oak School Association |
|---|---|
| Other name the charity uses | GOSA |
| Registered charity number | 1015477 |
| Charity’s principal address | Gospel Oak Primary School Mansfield Road London NW3 2JB |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Chris Brand | Treasurer | |||
– Corporate trustees names of the directors at the date the report was approved
Director name none
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| none | ||
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Christopher Brand | ||
Treasurer, Trustee |
||
| 30 June 2023 | ||
| 30 June 2023 |
GOSPEL OAK SCHOOL ASSOCIATION
(REGISTERED CHARITY NUMBER. 1015477)
ACCOUNTANT’S REPORT TO THE TRUSTEES OF
GOSPEL OAK SCHOOL ASSOCIATION FOR THE YEAR ENDED 10[TH] AUGUST 2022
In accordance with the instructions given to me, I have prepared and examined the annexed accounts from the books, accounts and vouchers of Gospel Oak School Association, and from information and explanations supplied to me
Emma Porteous Independent Examiner
28 June 2023
1
GOSPEL OAK SCHOOL ASSOCIATION
(Registerd Charity No. 1015477) INCOME AND EXPENDITURE ACCOUNT
For the Year Ending 10th August 2022
| 2021-22 | 2021-22 | 2020-21 | 2020-21 | |
|---|---|---|---|---|
| Income | ||||
| £ | £ | £ | £ | |
| One-off Events | ||||
| Fun Run1 | 21,676.67 | - | ||
| Children's Photos | 2,374.17 | 2,240.42 | ||
| Winter Fair (incl. Raffle) | - | - | ||
| Jumble Sale & Craft Fair | - | - | ||
| Family Nights (Quiz,Cinema,Bollywood) | - | - | ||
| T-Shirts | - | - | ||
| Christmas Trees | 1,827.07 | 2,712.89 | ||
| Misc Donations and Gift Aid Reclaim2 | 12,570.32 | 14,601.40 | ||
| Regular Events | - | - | ||
| Class Teas/Food Market | - | - | ||
| Grants and Donations | 800.00 | - | ||
| Total Income | 39,248.23 | 19,554.71 | ||
| Expenditures | ||||
| £ | £ | £ | £ | |
| Cost of Fundraising Activities | ||||
| Fun Run | 715.44 | - | ||
| Children's Photos | 2,154.21 | 1,000.00 | ||
| Winter Fair (incl. Raffle) | - | - | ||
| Jumble Sale & Craft Fair | - | - | ||
| Family Nights (Quiz,GO Factor) | - | - | ||
| Christmas Trees | 1,297.05 | 2,273.49 | ||
| Food Market | - | - | ||
| GOSA Projects and Activities | ||||
| Choirs | - | - | ||
| 4,166.70 | 3,273.49 | |||
| Administration Expenses | ||||
| Prof. Fees, Insurance & GOSA | 378.00 | 373.00 | ||
| Application of Funds | ||||
| School Priority Grants | 7,192.00 | 10,740.00 | ||
| School Project Grants6 | 36,040.19 | 2,331.31 | ||
| Brass Band4 | 5,085.36 | - | ||
| School Gates5 | 492.00 | 490.00 | ||
| Year 6 Leavers Grants | 490.00 | 490.00 | ||
| 49,677.55 | 14,424.31 | |||
| Total Expenditure | 53,844.25 | 17,697.80 | ||
| (Deficit) / Surplus | (14,596.02) | 1,856.91 |
2
GOSPEL OAK SCHOOL ASSOCIATION
(Registerd Charity No. 1015477) BALANCE SHEET
As of 10th August 2022
| Current Asset Cash at Bank Current Account Cash in Hand Prepayment Uncleared cheques Less : Current Liabilities Outstanding cheques Unpaid Grants Preparation of Accounts Net Current Assets Accumulated Funds Opening Balance Add : Surplus (Deficit) for Year Total Reserves Total Reserves: Breakdown of Funds Committed Brass Band7 Grants for future years School Gate Grant8 Travel Grants General, unallocated Funds Total Reserves |
2021-22 2021-22 2020-21 2020-21 £ £ £ £ 57,013.68 55,606.00 200.00 200.00 1,947.00 - 2,160.42 57,213.68 59,913.42 (11,634.28) - (2,075.83) (1,813.83) (500.00) (500.00) (14,210.11) (2,313.83) 43,003.57 57,599.59 57,599.59 55,742.68 (14,596.02) 1,856.91 43,003.57 57,599.59 2,285.49 7,370.85 - - - 458.50 - 300.06 40,718.08 49,470.18 43,003.57 57,599.59 |
2021-22 2021-22 2020-21 2020-21 £ £ £ £ 57,013.68 55,606.00 200.00 200.00 1,947.00 - 2,160.42 57,213.68 59,913.42 (11,634.28) - (2,075.83) (1,813.83) (500.00) (500.00) (14,210.11) (2,313.83) 43,003.57 57,599.59 57,599.59 55,742.68 (14,596.02) 1,856.91 43,003.57 57,599.59 2,285.49 7,370.85 - - - 458.50 - 300.06 40,718.08 49,470.18 43,003.57 57,599.59 |
|---|---|---|
| 55,742.68 1,856.91 57,599.59 |
||
| 7,370.85 - 458.50 300.06 49,470.18 57,599.59 |
I declare that the foregoing financial statements are correct.
Treasurer 28 June 2023
3
GOSPEL OAK SCHOOL ASSOCIATION
(Registered Charity No. 1015477)
1 Accounting Policies
Basis of accounting:
The Financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules.
Income and expenditure regulation:
All income and expenditure incurred is charged to the income and expenditure account on a cash accounting basis, adjusted for material accruals and prepayments.
2 Income this Year
The Fun Run[1] returned in the 21/22 school year, a hugely popular participation event and always the key fundraising activity of the year, this time netting just under twenty one thousand pounds after staging costs, a supreme effort from the children, staff and GOSA volunteers.
Childrens Photos and Christmas tree sales each year provide a fantastic service to school community, as well as contributing over one thousand pounds to GOSA funds.
The return of the Fun Run pushed Total Income up by over 100% against the previous year to just over £39,000. GOSA wishes to thank everyone who has contributed to raising funds this year.
3 Spending this Year
GOSA was pleased to provide a Priority Grants to the school of £12,603 to enable the purchase of ICT hardware for Phase 2 pupils and interactive whiteboards for use throughout the school.
Every year GOSA members elect to provide funds for educational projects, trips, facilities and events requested by teachers and staff at the school under the banner of School Project Grants [6] . The total grant expenditure of £36,040 was a material increase on prior years as school life returned to normal post pandemic and GOSA looked to support the school in the light of continued funding cuts. Thirty seven different grants were approved during the year
-
Art/Music/Drama/Teaching grants included the Orchestra of the Age of Enlightenment, a visti from the Sky Blue Theatre, Phonics books, Hegarty Maths and creative writing workshops.
-
Funded Trips and Visits included trips to the Zoo, the year 6 trip to see the Lion King at the theatre and a Christmas Party entertainer for Reception.
-
Funded additional resources for the school included new folding tables and chairs to make better use of existing space, resources to create a school gardening club, furniture for the Art and DT room.
4 No external grants were received from for the Brass Band Fund during the year. GOSA aims to continue with its commitment to make available £5,000 per year as needed to secure the on-going future of the Brass Band, either through specific fundraising or through allocation of general funds. £5085 was granted to the school during the year to pay for tuition costs.
As in previous years, GOSA funded a youth hostel bedding supplement for the Y6 School Journey and Y6 leavers t-shirts.
We analysed the reach of the School Priority and Project Grants for 2021/22 across the school and found that 4% ( 19/20: 10% ) was allocated to EYFS, 21% ( 7% ) to Phase 1, 4% ( 17% ) to Phase 2, 35% (53 % ) to Phase 3 and 36% ( 13% ) benefitted pupils across the whole school. The analysis was not completed for the 2020/21 year due to the low levels of total expenditure.
4 Future Commitments
The net deficit of £14,596 in the year came about as GOSA looked to support the school to fund the Priority Grants and general increase in activity. This left a general reserve at the year end of £40,718, down from the two prior years when spending had been curtailed but still around three times higher than the balance at the end of 2018/19.
7The Brass Band fund, GOSA’s funding priority, has a balance of £2,285 as described above.
8In 2009/10, GOSA raised a £5,000 ring-fenced grant for future annual expenditure on the ‘Leaves for the School Gates’ project, to cover a period of approximately 10 years. The remaining balance held from this grant was utiised during the year.
A Grant provided in 2017-18 for Travel was utilised in the year in connection with the Y6 School Journey.
5 Remuneration
No remuneration was paid to the Trustees during the year
4
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name GOSPEL OAK SCHOOL ASSOCIATION members of On accounts for the year 10 August 2022 Charity no 1015477 ended (if any) Set out on pages 9 - 12 (remember to include the page numbers of additional sheets)
-
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 10 / 08 / 2022.
-
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention ~~(other than that disclosed below *)~~ in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Date: 30[th] June 2023 Signed: Name: Emma Porteous Relevant professional CIMA qualification(s) (if any): Address: 88 Barlby Road, London, W10 6AP
1
October 2018
IER