## **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|||
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## – 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**