Trustees’ Annual Report for the period
From 11 August 2023 To 10 August 2024
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 among the school community. |
||
|---|---|---|
| Statement confrming whether the trustees have had regard to the guidance issued by the Charity Commission on public beneft |
Para 1.18 | On the matter, the Trustees have had regard to the guidance issued by the Charity Commission on the public beneft. |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
Achievements and Performance
| SORP reference |
||
|---|---|---|
| Summary of the main achievements of the charity, identifying the diference the charity’s work has made to the circumstances of its benefciaries and any wider benefts to society as a whole. |
Para 1.20 | Net funds raised of over £44,000 i.e. gross fundraising less fundraising costs. GOSA was pleased to provide a Priority Grants to the school of £34,885. Every year GOSA members elect to provide funds for educational projects, trips, facilities and events requested by teachers and staf at the school under the banner of School Project Grants. The total grant expenditure of over £42.000 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 diferent 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 |
----- Start of picture text -----
|||
|---|---|
|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.|
|•|GOSA happy to introduce the|
|Chess Club. Students are welcome to|
|join chess classes as an afternoon club.|
|Gosa is committed to support this|
|initiative and cover half of its cost.|
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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
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- Investment performance against objectives Para 1.41 - Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s fnancial position at the end of the period |
Para 1.21 | The fnancial position was strong, with the general unallocated reserve being equivalent to over three years of general grant expenditure excluding capital projects |
| 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 specifc activities and held until such time as the school is ready to spend these funds on those specifc activities. The balance of funds is denoted in a General unallocated reserve. |
| Amount of reserves held | Para 1.22 | £ 51,502 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in defcit |
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 Para 1.46 charity - 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 20th October 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 Mansfeld Road London NW3 2JB |
Names of the charity trustees who manage the charity
| 1 2 |
Trustee name | Ofice (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Shabnam Eslambochi |
Chair | |||
| Alexandra Vainshtok |
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
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Other optional information
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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) Alexndra Vainshtok ~~—~~ Position (eg Secretary, Treasurer, trustee Chair, etc) ~~a~~ Date 18 December 2024 ~~OO~~
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 2024
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) BALANCE SHEET
For the Year Ending 10th August 2024
| 2023-24 | 2022-23 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Current Asset | ||||
| Cash | ||||
| Current Account | 71,928 | 73,086 | ||
| Cash in Hand | 200 | |||
| Uncleared cheques | - | - | ||
| 71,928 | 73,286 | |||
| Less : Current Liabilities | ||||
| Outstanding cheques | -13,489 | -14,727 | ||
| Unpaid Grants | -6,686 | -5,409 | ||
| Preparation of Accounts | -250 | -250 | ||
| -20,425 | -20,386 | |||
| Net Current Assets | 51,502 | 52,900 | ||
| Accumulated Funds | ||||
| Opening Balance | 52,900 | 43,004 | ||
| Add : Surplus (Deficit) for Year | -1,399 | 9,896 | ||
| Total Reserves | 51,502 | 52,900 | ||
| Breakdown of Funds | ||||
| Committed | ||||
| Brass Band | 5,200 | 5,000 | ||
| Grants for future years | 13,489 | |||
| School Gate Grant | 500 | 518 | ||
| Travel Grants | ||||
| Chess club | 440 | |||
| General, unallocated Funds | 31,873 | 47,382 | ||
| 51,502 | 52,900 |
I declare that the foregoing financial statements are correct. Alexandra Vainshtok
Treasurer
31-Oct-24
GOSPEL OAK SCHOOL ASSOCIATION (Registerd Charity No. 1015477) INCOME AND EXPENDITURE ACCOUNT For the Year Ending 10th August 2024
| 2023-24 2023-24 2022-23 2022-23 Income £ £ £ £ One-off Events Fun Run 8,768.71 8,473.50 Children's Photos 5,268.00 5,745.00 Winter Fair (incl. Raffle) 3,553.15 3,995.00 Family Nights (Quiz,Cinema,Bollywood) 2,246.85 1,880.00 Christmas Trees 594.86 645.51 Misc Donations and Gift Aid Reclaim 1,828.35 5,892.42 Street Tag 150.00 Regular Events Class Teas/Food Market 1,911.20 215.30 Grants and Donations 20,000.00 8,000.00 Total Income 44,321.12 34,846.73 Expenditures £ £ £ £ Cost of Fundraising Activities Fun Run 227.94 274.94 Children's Photos 2,132.94 1,052.45 Winter Fair (incl. Raffle) 192.27 705.23 Family Nights (Quiz,GO Factor) 848.05 672.60 Christmas Trees Food Market 123.29 GOSA Projects and Activities Choirs - - 3,524.49 2,705.22 Administration Expenses Prof. Fees, Insurance & GOSA 833.00 602.53 Application of Funds School Priority Grants 34,885.89 15,774.44 School Project Grants Brass Band 5,178.65 5,000.00 Chess club 440.00 School Gates 492.00 518.10 Year 6 Leavers Grants 365.95 350.00 42,195.49 22,245.07 Total Expenditure 45,719.98 24,950.29 (Deficit) / Surplus (-1,399) 9,896 |
2023-24 2023-24 2022-23 2022-23 Income £ £ £ £ One-off Events Fun Run 8,768.71 8,473.50 Children's Photos 5,268.00 5,745.00 Winter Fair (incl. Raffle) 3,553.15 3,995.00 Family Nights (Quiz,Cinema,Bollywood) 2,246.85 1,880.00 Christmas Trees 594.86 645.51 Misc Donations and Gift Aid Reclaim 1,828.35 5,892.42 Street Tag 150.00 Regular Events Class Teas/Food Market 1,911.20 215.30 Grants and Donations 20,000.00 8,000.00 Total Income 44,321.12 34,846.73 Expenditures £ £ £ £ Cost of Fundraising Activities Fun Run 227.94 274.94 Children's Photos 2,132.94 1,052.45 Winter Fair (incl. Raffle) 192.27 705.23 Family Nights (Quiz,GO Factor) 848.05 672.60 Christmas Trees Food Market 123.29 GOSA Projects and Activities Choirs - - 3,524.49 2,705.22 Administration Expenses Prof. Fees, Insurance & GOSA 833.00 602.53 Application of Funds School Priority Grants 34,885.89 15,774.44 School Project Grants Brass Band 5,178.65 5,000.00 Chess club 440.00 School Gates 492.00 518.10 Year 6 Leavers Grants 365.95 350.00 42,195.49 22,245.07 Total Expenditure 45,719.98 24,950.29 (Deficit) / Surplus (-1,399) 9,896 |
2023-24 2023-24 2022-23 2022-23 Income £ £ £ £ One-off Events Fun Run 8,768.71 8,473.50 Children's Photos 5,268.00 5,745.00 Winter Fair (incl. Raffle) 3,553.15 3,995.00 Family Nights (Quiz,Cinema,Bollywood) 2,246.85 1,880.00 Christmas Trees 594.86 645.51 Misc Donations and Gift Aid Reclaim 1,828.35 5,892.42 Street Tag 150.00 Regular Events Class Teas/Food Market 1,911.20 215.30 Grants and Donations 20,000.00 8,000.00 Total Income 44,321.12 34,846.73 Expenditures £ £ £ £ Cost of Fundraising Activities Fun Run 227.94 274.94 Children's Photos 2,132.94 1,052.45 Winter Fair (incl. Raffle) 192.27 705.23 Family Nights (Quiz,GO Factor) 848.05 672.60 Christmas Trees Food Market 123.29 GOSA Projects and Activities Choirs - - 3,524.49 2,705.22 Administration Expenses Prof. Fees, Insurance & GOSA 833.00 602.53 Application of Funds School Priority Grants 34,885.89 15,774.44 School Project Grants Brass Band 5,178.65 5,000.00 Chess club 440.00 School Gates 492.00 518.10 Year 6 Leavers Grants 365.95 350.00 42,195.49 22,245.07 Total Expenditure 45,719.98 24,950.29 (Deficit) / Surplus (-1,399) 9,896 |
2023-24 2023-24 2022-23 2022-23 Income £ £ £ £ One-off Events Fun Run 8,768.71 8,473.50 Children's Photos 5,268.00 5,745.00 Winter Fair (incl. Raffle) 3,553.15 3,995.00 Family Nights (Quiz,Cinema,Bollywood) 2,246.85 1,880.00 Christmas Trees 594.86 645.51 Misc Donations and Gift Aid Reclaim 1,828.35 5,892.42 Street Tag 150.00 Regular Events Class Teas/Food Market 1,911.20 215.30 Grants and Donations 20,000.00 8,000.00 Total Income 44,321.12 34,846.73 Expenditures £ £ £ £ Cost of Fundraising Activities Fun Run 227.94 274.94 Children's Photos 2,132.94 1,052.45 Winter Fair (incl. Raffle) 192.27 705.23 Family Nights (Quiz,GO Factor) 848.05 672.60 Christmas Trees Food Market 123.29 GOSA Projects and Activities Choirs - - 3,524.49 2,705.22 Administration Expenses Prof. Fees, Insurance & GOSA 833.00 602.53 Application of Funds School Priority Grants 34,885.89 15,774.44 School Project Grants Brass Band 5,178.65 5,000.00 Chess club 440.00 School Gates 492.00 518.10 Year 6 Leavers Grants 365.95 350.00 42,195.49 22,245.07 Total Expenditure 45,719.98 24,950.29 (Deficit) / Surplus (-1,399) 9,896 |
|---|---|---|---|
| 44,321.12 £ £ 274.94 1,052.45 705.23 672.60 |
34,846.73 £ |
||
| - 3,524.49 602.53 15,774.44 5,000.00 518.10 350.00 |
2,705.22 | ||
| 42,195.49 45,719.98 (-1,399) |
22,245.07 24,950.29 |
||
| 9,896 |
GOSA Projects and Activities
Administration Expenses
Application of Funds
Total Expenditure (Deficit) / Surplus
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 fiscal year 2023 2024 presented unique challenges due to a widespread price crisis and an overall rise in inflation, impacting the financial landscape. Despite these economic headwinds, the charity successfully navigated the difÏculties and organized several impactful fundraising events throughout the year.
Notable highlights include: The Fun Run, a flagship event for our organization, continued to be a significant source of fundraising. Despite economic uncertainties, the community's enthusiastic participation contributed to the event's success. The School Photos initiative not only captured moments but also became an essential fundraising avenue. The Winter Fair, another key fundraising initiative, provided a platform for community engagement and support. The community's participation in this unique fundraising approach showcased the adaptability and creativity of our supporters. The event not only raised funds but also fostered a sense of unity and collaboration among participants. The Night Quiz event, designed for entertainment and intellectual engagement, not only brought community members together but also contributed to our fundraising efforts during a challenging economic climate. The Friday baking stalls emerged as a success, showcasing the creativity and dedication of our community members. There were 8 bake Sales events held in the springtime. The positive response to these stalls significantly contributed to our fundraising goals. Also, GOSA received a transfer of £150 on the behalf of the children who took the second place in the Street Tag Project Camden Leaderboard.
Despite the prevailing economic conditions, the charity's commitment to its mission and the unwavering support of the School resulted in a commendable financial performance. The funds raised through these events played a crucial role in sustaining our initiatives. Overall raised funds for the year are forty-four thousand three hundred twenty-one pounds.
These highlights underscore the resilience of our community and the effectiveness of our fundraising strategies during a period of economic uncertainty and inflation. 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 £42196. Every year GOSA members elect to provide funds for educational projects, trips, facilities and events requested by teachers and staff at the school. As with the previous year, the total sum granted was higher.
4 Future Commitments
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. This funding was called upon during the year.
GOSA happy to introduce the Chess Club. Students are welcome to join chess classes as an afternoon club. Gosa is committed to support this initiative and cover half of its cost.
As in previous years, GOSA committed and funded Y6 the Leaver’s Leaves Project.
The Brass Band fund, GOSA’s funding priority, has a balance of £5000 as described above.
5 Remuneration
No remuneration was paid to the Trustees during the year.
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 2024
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) BALANCE SHEET
For the Year Ending 10th August 2024
| 2023-24 | 2022-23 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Current Asset | ||||
| Cash | ||||
| Current Account | 71,928 | 73,086 | ||
| Cash in Hand | 200 | |||
| Uncleared cheques | - | - | ||
| 71,928 | 73,286 | |||
| Less : Current Liabilities | ||||
| Outstanding cheques | -13,489 | -14,727 | ||
| Unpaid Grants | -6,686 | -5,409 | ||
| Preparation of Accounts | -250 | -250 | ||
| -20,425 | -20,386 | |||
| Net Current Assets | 51,502 | 52,900 | ||
| Accumulated Funds | ||||
| Opening Balance | 52,900 | 43,004 | ||
| Add : Surplus (Deficit) for Year | -1,399 | 9,896 | ||
| Total Reserves | 51,502 | 52,900 | ||
| Breakdown of Funds | ||||
| Committed | ||||
| Brass Band | 5,200 | 5,000 | ||
| Grants for future years | 13,489 | |||
| School Gate Grant | 500 | 518 | ||
| Travel Grants | ||||
| Chess club | 440 | |||
| General, unallocated Funds | 31,873 | 47,382 | ||
| 51,502 | 52,900 |
I declare that the foregoing financial statements are correct. Alexandra Vainshtok
Treasurer
31-Oct-24
GOSPEL OAK SCHOOL ASSOCIATION (Registerd Charity No. 1015477) INCOME AND EXPENDITURE ACCOUNT For the Year Ending 10th August 2024
| 2023-24 2023-24 2022-23 2022-23 Income £ £ £ £ One-off Events Fun Run 8,768.71 8,473.50 Children's Photos 5,268.00 5,745.00 Winter Fair (incl. Raffle) 3,553.15 3,995.00 Family Nights (Quiz,Cinema,Bollywood) 2,246.85 1,880.00 Christmas Trees 594.86 645.51 Misc Donations and Gift Aid Reclaim 1,828.35 5,892.42 Street Tag 150.00 Regular Events Class Teas/Food Market 1,911.20 215.30 Grants and Donations 20,000.00 8,000.00 Total Income 44,321.12 34,846.73 Expenditures £ £ £ £ Cost of Fundraising Activities Fun Run 227.94 274.94 Children's Photos 2,132.94 1,052.45 Winter Fair (incl. Raffle) 192.27 705.23 Family Nights (Quiz,GO Factor) 848.05 672.60 Christmas Trees Food Market 123.29 GOSA Projects and Activities Choirs - - 3,524.49 2,705.22 Administration Expenses Prof. Fees, Insurance & GOSA 833.00 602.53 Application of Funds School Priority Grants 34,885.89 15,774.44 School Project Grants Brass Band 5,178.65 5,000.00 Chess club 440.00 School Gates 492.00 518.10 Year 6 Leavers Grants 365.95 350.00 42,195.49 22,245.07 Total Expenditure 45,719.98 24,950.29 (Deficit) / Surplus (-1,399) 9,896 |
2023-24 2023-24 2022-23 2022-23 Income £ £ £ £ One-off Events Fun Run 8,768.71 8,473.50 Children's Photos 5,268.00 5,745.00 Winter Fair (incl. Raffle) 3,553.15 3,995.00 Family Nights (Quiz,Cinema,Bollywood) 2,246.85 1,880.00 Christmas Trees 594.86 645.51 Misc Donations and Gift Aid Reclaim 1,828.35 5,892.42 Street Tag 150.00 Regular Events Class Teas/Food Market 1,911.20 215.30 Grants and Donations 20,000.00 8,000.00 Total Income 44,321.12 34,846.73 Expenditures £ £ £ £ Cost of Fundraising Activities Fun Run 227.94 274.94 Children's Photos 2,132.94 1,052.45 Winter Fair (incl. Raffle) 192.27 705.23 Family Nights (Quiz,GO Factor) 848.05 672.60 Christmas Trees Food Market 123.29 GOSA Projects and Activities Choirs - - 3,524.49 2,705.22 Administration Expenses Prof. Fees, Insurance & GOSA 833.00 602.53 Application of Funds School Priority Grants 34,885.89 15,774.44 School Project Grants Brass Band 5,178.65 5,000.00 Chess club 440.00 School Gates 492.00 518.10 Year 6 Leavers Grants 365.95 350.00 42,195.49 22,245.07 Total Expenditure 45,719.98 24,950.29 (Deficit) / Surplus (-1,399) 9,896 |
2023-24 2023-24 2022-23 2022-23 Income £ £ £ £ One-off Events Fun Run 8,768.71 8,473.50 Children's Photos 5,268.00 5,745.00 Winter Fair (incl. Raffle) 3,553.15 3,995.00 Family Nights (Quiz,Cinema,Bollywood) 2,246.85 1,880.00 Christmas Trees 594.86 645.51 Misc Donations and Gift Aid Reclaim 1,828.35 5,892.42 Street Tag 150.00 Regular Events Class Teas/Food Market 1,911.20 215.30 Grants and Donations 20,000.00 8,000.00 Total Income 44,321.12 34,846.73 Expenditures £ £ £ £ Cost of Fundraising Activities Fun Run 227.94 274.94 Children's Photos 2,132.94 1,052.45 Winter Fair (incl. Raffle) 192.27 705.23 Family Nights (Quiz,GO Factor) 848.05 672.60 Christmas Trees Food Market 123.29 GOSA Projects and Activities Choirs - - 3,524.49 2,705.22 Administration Expenses Prof. Fees, Insurance & GOSA 833.00 602.53 Application of Funds School Priority Grants 34,885.89 15,774.44 School Project Grants Brass Band 5,178.65 5,000.00 Chess club 440.00 School Gates 492.00 518.10 Year 6 Leavers Grants 365.95 350.00 42,195.49 22,245.07 Total Expenditure 45,719.98 24,950.29 (Deficit) / Surplus (-1,399) 9,896 |
2023-24 2023-24 2022-23 2022-23 Income £ £ £ £ One-off Events Fun Run 8,768.71 8,473.50 Children's Photos 5,268.00 5,745.00 Winter Fair (incl. Raffle) 3,553.15 3,995.00 Family Nights (Quiz,Cinema,Bollywood) 2,246.85 1,880.00 Christmas Trees 594.86 645.51 Misc Donations and Gift Aid Reclaim 1,828.35 5,892.42 Street Tag 150.00 Regular Events Class Teas/Food Market 1,911.20 215.30 Grants and Donations 20,000.00 8,000.00 Total Income 44,321.12 34,846.73 Expenditures £ £ £ £ Cost of Fundraising Activities Fun Run 227.94 274.94 Children's Photos 2,132.94 1,052.45 Winter Fair (incl. Raffle) 192.27 705.23 Family Nights (Quiz,GO Factor) 848.05 672.60 Christmas Trees Food Market 123.29 GOSA Projects and Activities Choirs - - 3,524.49 2,705.22 Administration Expenses Prof. Fees, Insurance & GOSA 833.00 602.53 Application of Funds School Priority Grants 34,885.89 15,774.44 School Project Grants Brass Band 5,178.65 5,000.00 Chess club 440.00 School Gates 492.00 518.10 Year 6 Leavers Grants 365.95 350.00 42,195.49 22,245.07 Total Expenditure 45,719.98 24,950.29 (Deficit) / Surplus (-1,399) 9,896 |
|---|---|---|---|
| 44,321.12 £ £ 274.94 1,052.45 705.23 672.60 |
34,846.73 £ |
||
| - 3,524.49 602.53 15,774.44 5,000.00 518.10 350.00 |
2,705.22 | ||
| 42,195.49 45,719.98 (-1,399) |
22,245.07 24,950.29 |
||
| 9,896 |
GOSA Projects and Activities
Administration Expenses
Application of Funds
Total Expenditure (Deficit) / Surplus
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 fiscal year 2023 2024 presented unique challenges due to a widespread price crisis and an overall rise in inflation, impacting the financial landscape. Despite these economic headwinds, the charity successfully navigated the difÏculties and organized several impactful fundraising events throughout the year.
Notable highlights include: The Fun Run, a flagship event for our organization, continued to be a significant source of fundraising. Despite economic uncertainties, the community's enthusiastic participation contributed to the event's success. The School Photos initiative not only captured moments but also became an essential fundraising avenue. The Winter Fair, another key fundraising initiative, provided a platform for community engagement and support. The community's participation in this unique fundraising approach showcased the adaptability and creativity of our supporters. The event not only raised funds but also fostered a sense of unity and collaboration among participants. The Night Quiz event, designed for entertainment and intellectual engagement, not only brought community members together but also contributed to our fundraising efforts during a challenging economic climate. The Friday baking stalls emerged as a success, showcasing the creativity and dedication of our community members. There were 8 bake Sales events held in the springtime. The positive response to these stalls significantly contributed to our fundraising goals. Also, GOSA received a transfer of £150 on the behalf of the children who took the second place in the Street Tag Project Camden Leaderboard.
Despite the prevailing economic conditions, the charity's commitment to its mission and the unwavering support of the School resulted in a commendable financial performance. The funds raised through these events played a crucial role in sustaining our initiatives. Overall raised funds for the year are forty-four thousand three hundred twenty-one pounds.
These highlights underscore the resilience of our community and the effectiveness of our fundraising strategies during a period of economic uncertainty and inflation. 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 £42196. Every year GOSA members elect to provide funds for educational projects, trips, facilities and events requested by teachers and staff at the school. As with the previous year, the total sum granted was higher.
4 Future Commitments
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. This funding was called upon during the year.
GOSA happy to introduce the Chess Club. Students are welcome to join chess classes as an afternoon club. Gosa is committed to support this initiative and cover half of its cost.
As in previous years, GOSA committed and funded Y6 the Leaver’s Leaves Project.
The Brass Band fund, GOSA’s funding priority, has a balance of £5000 as described above.
5 Remuneration
No remuneration was paid to the Trustees during the year.