## **Trustees’ Annual Report for the period**
**From 11 August 2022 To 10 August 2023 Charity name: Gospel Oak School Association**
**Charity registration number: 1015477**
## **Objectives and Activities**
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|---|---|---|
|SORP reference|
|Summary of the purposes of|Para 1.17|The object of the Association is to advance the|
|the charity as set out in its|education of the pupils in Gospel Oak Primary|
|governing document|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|Para 1.17 and|The Association holds fund raising events and|
|1.19|
|activities in relation to those|applies for grants to provide Gospel Oak School|
|purposes for the public|with additional resources and enhance|
|benefit, in particular, the|education, music, sport and drama provision and|
|activities, projects or services|facilities at the school.|
|identified in the accounts.|
|The Association organizes social and|
|entertainment events to encourage interaction|
|and cohesiveness amongst the school|
|community|
|Statement confirming|Para 1.18|On this matter, the Trustees have had regard to|
|whether the trustees have|the guidance issued by the Charity Commission|
|had regard to the guidance|on public benefit|
|issued by the Charity|
|Commission on public|
|benefit|
**----- End of picture text -----**
**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 Net funds raised of over £24,000 i.e. gross Summary of the main fundraising less fundraising costs. achievements of the charity, Para 1.20 identifying the difference the GOSA was pleased to provide a Priority charity’s work has made to Grants to the school of £15774.44. the circumstances of its Every year GOSA members elect to provide beneficiaries and any wider funds for educational projects, trips, facilities benefits to society as a and events requested by teachers and staff whole. at the school under the banner of School Project Grants. The total grant expenditure of £22245.07 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. Twenty different grants were approved during the year. • Art/Music/Drama/Teaching grants included the Orchestra of the Age of Enlightenment, Sky Blue Theatre, Phonics books. • Funded trips and visits included trips to the Zoo, Viking workshop (Freshwater Theatre Company), Royal observatory trip, Postal Museum trip and a Reception trip to Kentish Town city farm. • Funded additional resources for the school included Food Tech room Equipment, Watering trays for the tree pots, Bikes for Reception
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. GOSA is happy to confirm the project “Leaves for Leavers” that is running for more than ten years is being fully supported by the
Association and do not require any additional approval in the future. This will help to continue the beautiful tradition in the school. As in previous years, GOSA funded a youth hostel bedding supplement for the Y6 School Journey and Y6 leavers t-shirts.
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
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|---|---|---|
|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|**£52900**|
|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|Fundraising events for the local community|
|---|---|---|
|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|
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**Names of the charity trustees who manage the charity**
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**|
|---|---|---|---|---|
||Alexandra
Vainshtok|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**|||
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## **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)** Alexandra Vainshtok ~~a~~ **Position (eg Secretary,** Treasurer, Trustee **Chair, etc)** ~~ee~~ **Date** 20 March 2024 ~~Pp~~
## 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 2023
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
## GOSPEL OAK SCHOOL ASSOCIATION (Registerd Charity No. 1015477) INCOME AND EXPENDITURE ACCOUNT For the Year Ending 10th August 2023
## **2022-23**
**2021-22**
## **Income**
|One-off Events
Fun Run
8,474
Children's Photos
5,745
Winter Fair (incl. Raffle)
3,995
Family Nights (Quiz,Cinema,Bollywood)
1,880
Christmas Trees
646
Misc Donations and Gift Aid Reclaim
5,892
Regular Events
Class Teas/Food Market
215
Grants and Donations
8,000
**Total Income**
**Expenditures**
**£**
Cost of Fundraising Activities
Fun Run
275
Children's Photos
1,052
Winter Fair (incl. Raffle)
705
Family Nights (Quiz,GO Factor)
673
Christmas Trees
Food Market
GOSA Projects and Activities
Choirs
Administration Expenses
Prof. Fees, Insurance & GOSA
603
Application of Funds
School Priority Grants
15,774
School Project Grants
Brass Band
5,000
School Gates
518
Year 6 Leavers Grants
350
**Total Expenditure**
**(Deficit) / Surplus**|One-off Events
Fun Run
8,474
Children's Photos
5,745
Winter Fair (incl. Raffle)
3,995
Family Nights (Quiz,Cinema,Bollywood)
1,880
Christmas Trees
646
Misc Donations and Gift Aid Reclaim
5,892
Regular Events
Class Teas/Food Market
215
Grants and Donations
8,000
**Total Income**
**Expenditures**
**£**
Cost of Fundraising Activities
Fun Run
275
Children's Photos
1,052
Winter Fair (incl. Raffle)
705
Family Nights (Quiz,GO Factor)
673
Christmas Trees
Food Market
GOSA Projects and Activities
Choirs
Administration Expenses
Prof. Fees, Insurance & GOSA
603
Application of Funds
School Priority Grants
15,774
School Project Grants
Brass Band
5,000
School Gates
518
Year 6 Leavers Grants
350
**Total Expenditure**
**(Deficit) / Surplus**|**34,847**
**£**
2,705
22,245
**24,950**
**9,896**
**£**|21,676.67
2,374.17
-
-
1,827.07
12,570.32
-
-
800.00|**£**|
|---|---|---|---|---|
||||**£**
715.44
2,154.21
-
-
1,297.05
-|**39,248.23**
**£**|
||||-
378.00
7,192.00
36,040.19
5,085.36
492.00
490.00|4,166.70|
|||||49,677.55
**53,844.25**|
|||||**(-14,596)**|
Cost of Fundraising Activities
## GOSPEL OAK SCHOOL ASSOCIATION (Registerd Charity No. 1015477) BALANCE SHEET
For the Year Ending 10th August 2023
|||2022-23||2021-22||
|---|---|---|---|---|---|
||**£**|**£**||**£**|**£**|
|**Current Asset**||||||
|Cash||||||
|Current Account|73,086|||57,014||
|Cash in Hand||200||200||
|Uncleared cheques||-||-||
|||73,286|||57,214|
|Less : Current Liabilities||||||
|Outstanding cheques|-14,727|||-11,634||
|Unpaid Grants|-5,409|||-2,076||
|Preparation of Accounts||-250||-500||
|||-20,386|||-14,210|
|**Net Current Assets**||**52,900**|||**43,004**|
|**Accumulated Funds**||||||
|Opening Balance||43,004|||57,600|
|Add : Surplus (Deficit) for Year||9,896|||-14,596|
|**Total Reserves**||**52,900**|||**43,004**|
|Breakdown of Funds||||||
|Committed||||||
|Brass Band||5,000|||2,285|
|Grants for future years||||||
|School Gate Grant|||518|||
|Travel Grants||||||
|General, unallocated Funds||47,382|||40,718|
|||**52,900**|||**43,004**|
I declare that the foregoing financial statements are correct. Alexandra Vainshtok
## **Treasurer**
20-Mar-24
## **GOSPEL OAK SCHOOL ASSOCIATION**
(Registered Charity No. 1015477)
## **1 Accoun琀椀ng Policies**
Basis of accoun琀椀ng:
The Financial statements have been prepared in accordance with applicable accoun琀椀ng standards and under the historical cost accoun琀椀ng rules.
Income and expenditure regula琀椀on:
All income and expenditure incurred is charged to the income and expenditure account on a cash accoun琀椀ng basis, adjusted for material accruals and prepayments.
## **2 Income this Year**
The 昀椀scal year 2022 2023 presented unique challenges due to a widespread price crisis and an overall rise in in昀氀a琀椀on, impac琀椀ng the 昀椀nancial landscape. Despite these economic headwinds, the charity successfully navigated the di昀케cul琀椀es and organized several impac琀昀ul fundraising events throughout the year. Notable highlights include:
The Fun Run, a 昀氀agship event for our organiza琀椀on, con琀椀nued to be a signi昀椀cant source of fundraising. Despite economic uncertain琀椀es, the community's enthusias琀椀c par琀椀cipa琀椀on contributed to the event's success. The School Photos ini琀椀a琀椀ve not only captured moments but also became an essen琀椀al fundraising avenue. The community's par琀椀cipa琀椀on in this unique fundraising approach showcased the adaptability and crea琀椀vity of our supporters. The Winter Fair, another key fundraising ini琀椀a琀椀ve, provided a pla琀昀orm for community engagement and support. The event not only raised funds but also fostered a sense of unity and collabora琀椀on among par琀椀cipants. The Night Quiz event, designed for entertainment and intellectual engagement, not only brought community members together but also contributed to our fundraising e昀昀orts during a challenging economic climate. The Friday baking stalls emerged as a surprising success, showcasing the crea琀椀vity and dedica琀椀on of our community members. The posi琀椀ve response to these stalls signi昀椀cantly contributed to our fundraising goals.
Despite the prevailing economic condi琀椀ons, the charity's commitment to its mission and the unwavering support of the School resulted in a commendable 昀椀nancial performance. The funds raised through these events played a crucial role in sustaining our ini琀椀a琀椀ves. Overall raised funds for the year are thirty-four thousand eight hundred forty-six pounds.
These highlights underscore the resilience of our community and the e昀昀ec琀椀veness of our fundraising strategies during a period of economic uncertainty and in昀氀a琀椀on. The charity remains grateful for the ongoing support and commitment of our parents,=]teachers, donors, volunteers, and the community at large.
## **3 Spending this Year**
GOSA was pleased to provide a School priority Grants to the school total of £15774. Every year GOSA members elect to provide funds for educa琀椀onal projects, trips, facili琀椀es and events requested by teachers and sta昀昀 at the school. As with the previous year, the total sum granted was higher.
## **4 Future Commitments**
4
No external grants were received from for the Brass Band Fund during the year. GOSA aims to con琀椀nue with its commitment to make available £5,000 per year as needed to secure the on-going future of the Brass Band, either through speci昀椀c fundraising or through alloca琀椀on of general funds. This funding was not called upon during the year.
As in previous years, GOSA funded Y6 leavers t-shirts and the Leavers Leaves described below.
The Brass Band fund, GOSA’s funding priority, has a balance of £5000 as described above.
## **5 Remunera琀椀on**
No remunera琀椀on was paid to the Trustees during the year.
5
**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 2023 **ended**
**Charity no** 1015477 (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 / 2023.
- **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 examiner's statement**
I have completed my examination. I confirm that no material matters have 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:** 20[th ] March 2024
**Signed:**
**Name:** Emma Porteous pe **Relevant professional** CIMA **qualification(s) (if any):**
**Address:** 88 Barlby Road, London, W10 6AP
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