**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.| **----- End of picture text -----**
## Additional information (optional) You may choose to include further statements where relevant about: **----- Start of picture text -----**
-
Achievements against
objectives set
Para 1.41
-
Performance of fundraising
activities against
objectives set
Para 1.41
**----- End of picture text -----**
- 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 **----- Start of picture text -----**
-
**----- End of picture text -----**
Other optional information **----- Start of picture text -----**
-
**----- End of picture text -----**
**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.