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ANNUAL REPORT AND ACCOUNTS
2024-2025
gsg@londonsem.org.uk
www.gsglondon.org.uk
TRUSTEES, STATEMENT
The past year has marked another significant chapter in the journey of
Get Set Girls. Since our establishment, we have supported hundreds
of young women, primarily from low-income and disadvantaged
backgrounds.
In 2025, we continued to expand our reach and deepen ourimpactacross
Hackney and Haringey delivering tailored vocational, educational, and
developmental programmes for young women aged 16-19, including
those facing economic hardship, emotional challenges, and social
exclusion.
Our work remains rooted in the belief that every young person deserves
access to safe spaces, opportunities, and support to thrive. Through our
dedicated staff, volunteers, and supporters, we continue to provide not
only activities, but pathways toward confidence, wellbeing, and future
success.
MISSION
Get Set Girls is dedicated to providing
culturally
sensitive
recreational,
educational,
and
vocational
opportunities for young women-
particularly those from disadvantaged
backgrounds. We aim to enhance
wellbeing, build skills, and improve
life outcomes through structured
programmes and community support.
VISION
We envision a future where every young
woman-regardless of background, ability,
or circumstance-has equal access to
opportu nities that foster g rowth, resilience,
and aspiration. We strive to empower young
individuals to become confident, capable, and
active members of society.
KEY ACHIEVEMENTS 2025
Get Set Girls (Charity No. 1085966) continues to play a vital
role in supporting vulnerable young women across Hackney
and Haringey. Our services focus on inclusion, education,
financial capability, and wellbeing, particularly for:
Young women from low-income and socially
excluded communities
Teens facing mental health challenges and
isolation
Individuals seeking specialized vocational
entry routes
Progress Against Strategic Goals
Continue Basement Project
Sport & Wellbeing Focus
Goal: Complete construction lo provide a
suitable space for community activities and
expand programmes.
Achievement: Capital fundraising continued
actively. We achieved an excellent head start
on the interiors, completing foundational
thertnal insulation and primary electrical wiring
ahead of Internal decoration.
Goal: Enhance physical and sports activities to
positively impact physical, social, and tnental
wellbeing.
Achievement: Expanded sport sessions and
sustained the "Walking is Wonderful" initiative
(running from 2023 through 20261 to reduce
isolation and embed active lifestyle habits.
Budgeting & Financial Stability
Computer Suite Upgrade
Goal: Equip beneficiaries with vital
budgeting skills to establish a foLJndation
for sustainable financial practices.
Achievement: Delivered thorough training
and practical resources, empowering young
women to manage economic situations
with assurance and resilience.
Goal: Transform the computer suite into
a dynamic, modern learning environment
to inspire training and education.
Achievement: Began hardware assets
upgrade and digital training facilities
update, empowering beneficiaries with
essential IT skills to improve employment
prospects.
I CORE WEEKLY PROJECT PROVISION
Education & Training:
Level 3 Teachers Training and
accredited career preparation
courses.
Disabled Weekend
Initiatives:
Inclusive accessible weekend
social programs providing vital
community respite.
Embroidery &
Smocking:
Design workshops teaching
traditional embroidery and
smocking techniques to foster
precision and artisan skills.
DO0
Career Mentoring:
Tailored CV assistance,
interview guidance, and
workplace communication
skills
Mental Health &
Counselling:
Confidential therapeutic
support and resilience
workshops led by licensed
therapists.
Computers & IT:
Digital literacy training
supported by our ongoing
computer suite modernization,
which continues into 2025-
2026.
Soup Kitchen ("Food
for Fuel"):
Hot nutrition support
shielding low-income youth
f rom cost-of-living inf lation.
Art
Project
Mental
Health
Project
.- J 111
I TRUSTEES, RESPONSIBILITIES & PUBLIC BENEFIT
The trustees ensure that Get Set Girls:
Acts with Integrity.. Maintains complete
transparency and accountability in
governance.
Maximises Impact: Uses performance-related
grants efficiently to deliver high social value.
Prioritises Inclusion: Keeps safety and
cultural sensitivity at the core of all
activities.
Ensures Compliance: Meets all statutory,
legal, and financial reporting requirements.
Drives Innovation: Evaluates and adapts
programmes to meet the evolving needs of our
youth.
Public Benefit
Get Set Girls delivers meaningful public benefit by providing
accessible, inclusive opportunities to young women who face barriers
to participation. Our programmes:
Break cycles of isolation by removing financial, social, and cultural
barriers.
Provide accredited education, IT skills, and ment21 health pathways.
Empower future leaders with the financial capability and confidence
to thrive as independent adults.
I PROJECT UPDATES
Vocational & IT
Suite
Budgeting &
Financial Literacy
Equipping young
women with essential
money management
tools.
Mental Health &
Counselling
Conf idential
therapeutic support
delivered by
licensed counselors.
Structured training
in our upgraded
digital environment.
Provided advanced
Level 3 Teachers
Training and career
paths.
Delivered practical
Accounting and CV
tailoring sessions.
Interactive
workshops focusing
on household
balancing and
savings.
Built immediate
economic resilience
against local cost-of-
living pressures.
Group resilience
workshops
addressing isolation
and trauma.
Created a stigma-
f ree environment to
prioritize emotional
wellbeing.
Sport &"Walking
Is Wonderful"
Team sports and
f itness sessions
promoting lifelong
health.
Sou
Kitchen &
utrition
Continuous "Food
for Fuel" provision
serving hot, balanced
lunches.
Dedicated, fully
accessible weekend
programs for young
women.
Sustained weekly
walking projects
spanning 2023
through 2026.
Combined physical
movement with clear
mental spaces.
Protected low-
income youth from
immediate food
insecurity.
Stabilized daily
energy and academic
concentration levels.
Provided specialized
recreation and
tailored peer social
spaces.
Delivered vital
community respite
care for local
families.
onfidence & Leadership: Significant increase
elf-esteem, personal autonomy, and communication
kills among participants.
Peer Support Networks: Improved
social
interaction and strong, supportive relationships
built in a safe environment.
ommunity Validation: Overwhelmingly positiv
edback from families, mentors, local schools, an
2500+
I IMPACT ASSESSMENT
supported since
our inception,
overcoming
social,
economic, and
cultural barriers.
Educational & Professional Growth X
Accredited Success.. H igher career
read iness through specialized streams
like our Level 3 Teachers Training.
Digital Literacy= Expanded
employment prospects through IT
workspace training, supported by our
ongoing computer suite upgrade
FINANCIAL CAPABILITY
Resilient Budgeting.. Equipped
low-income youth with practical
tools to establish long-term
sustainable financial habits.
Physical & Mental Wellbeing
Active Lifestyles.. Increased physical
activity and lifetime f itness habits
through sports and the"Walking is
Wonderf ul" initiative.
Cost-of- Living Protection..
Targeted resource adjustments
and lunch provisions directly
reduced local economic
pressures.
Emotional Resilience.. Confidential
therapeutic counseling provided vital
mental health coping strategies and
lowered barriers to support.
Strong Delivery & Participation Acros
SOCIAL INCLUSION
Core Vocational Accreditations IAAT,
Teaching, IT)
Mental Health & Counseling
Workshops
Physical Health, Nutrition, and
Community Walking Schemes
Specialized Disabled Weekend &
Respite Programs
Ded icated Respite: Seamless
inclusion of vulnera ble individuals
and young women with unique
needs through our Weekend
Initiatives.
Breaking Isolation.. Culturally
sensitive spaces successfully
reduced structural isolation for
marginalized BME youth.
I ACKNOWLEDGEMENTS & LOOKING AHEAD
We extend our deepest gratitude to:
Our Educational Partners: New City College and Capital City College
Group, whose collaborations enable us to deliver vital accredited courses.
Our Funding Partners: The institutional trusts, charitable foundations, and
community philanthropists whose vital financial investments power our
delivery.
Our Supporters: Local organizations, community partners, and individual
donors.
STRATEGIC PRIORITIES FOR 2025-2026
Continuing Our Computer
Suite Upgrade.. Deploying
designated resources to
purchase new computers
and further upgrade
workstations, securing
high-quality IT training.
Expanding Mental Health
& Care Pathways: Scaling
localized therapeutic
counseling, mental health
sessions, and specialized
care packages to build
emotional resilience.
Promoting Physical Fitness
& Community Connection:
Driving active sports
programs and expanding
our physical health streams
through walking 2nd cycling
initiatives.
Strengthening Budgeting
& Financial Literacy:
Running thorough
budgeting courses to
equip young women
with practical economic
independence tools.
**Charity registration number 1085966 (England and Wales)**
## **GET SET GIRLS**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2025**
## **GET SET GIRLS**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr A Schechter|
|---|---|
||Rabbi B Dunner|
||Mrs L Orzel|
|**Charity number**|1085966|
|**Principal address**|196 - 198 Lordship Road|
||London|
||N16 5ES|
|**Independent examiner**|J Silver FCCA|
||Precision Ltd|
||32 Castlewood Road|
||N16 6DW|
## **GET SET GIRLS**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4 - 5|
|Balance sheet|6|
|Statement of cash flows|7|
|Notes to the financial statements|8 - 19|
## **GET SET GIRLS**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 AUGUST 2025**_
The trustees present their annual report and financial statements for the year ended 31 August 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
## **Objectives and activities**
The charity's objects are to provide disadvantaged girls and young women with training for employment, social skills and personal growth with a view to making them self-sufficient.
There is an ongoing development plan for the beneficiaries to achieve:
- Skills and confidence to access employment,
- Experience and knowledge essential to dealing with people effectively, Ability to make informed choices regarding family and community,
- Awareness of their own personal development and potential,and
- Motivation to contribute positively to society.
## _Strategies for achieving aims and objectives_
This is achieved by programmes that incorporate social activities, team building initiatives, trips, voluntary programmes, lectures and workshops, alongside vocational courses leading to qualifications.
## _Public benefit_
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
## **Achievements and performance**
## _Significant activities and achievements against objectives_
The trustees are satisfied with both the financial results and the facilities provided during the year.
## _Fundraising performance_
Get Set Girls receives grants from a range of generous funders, for which we are very grateful. The charity was successful in raising a total of £192,992.
The charity would also like to thank The Garfield Weston Foundation for its grant towards the charity’s refurbishment works.
## **Financial review**
In the year under review the charity generated income of £870,618 (2024: £763,641) and incurred expenses of £824,853 (2024: £746,986) resulting in net incoming resources of £45,765.
The financial position of the charity is satisfactory. The charity's statement of financial activities shows total reserves of £123,123 of which £24,961 are free reserves as at the 31 August 2025.
## _Reserves policy_
Programs are planned and rolled out in line with available funds. The trustees have no commitment to program expenditure, other than for current staff salaries. While there is no formal three-month notice requirement, the trustees policy is to endeavour to retain free reserves equal to at least three months staff costs, and the trustees are satisfied that free reserves at the year end were in accordance with this policy.
- 1 -
## **GET SET GIRLS**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
## _Major risks_
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
## **Plans for future periods**
There are no current plans to change the activities or modus operandi in the foreseeable future.
## **Structure, governance and management**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr A Schechter
Rabbi B Dunner Mrs L Orzel
## _Recruitment and appointment of trustees_
It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures.
## _Organisational structure_
The charity trustees meet regularly, and they are assisted by a team of support staff.
The trustees' report was approved by the Board of Trustees.
..............................
Rabbi B Dunner
## **Trustee**
Date: .............................................
- 2 -
## **GET SET GIRLS**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GET SET GIRLS**
I report to the trustees on my examination of the financial statements of Get Set Girls (the charity) for the year ended 31 August 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
J Silver FCCA Independent Examiner Precision Ltd 32 Castlewood Road London N16 6DW Date: ............................
- 3 -
## **GET SET GIRLS**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 AUGUST 2025**_
|**Unrestricted Endowment**
**Restricted**
**funds**
**funds**
**funds**
**Designated**
**2025**
**2025**
**2025**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
95,544
-
-
Charitable activities
College Partnership grants
**4**
-
-
677,045
Career Preparation and Training
**4**
-
-
12,000
Extra Curricular Activities
**4**
-
-
11,363
Welfare
**4**
-
-
49,763
Premises and IT Improvements
**4**
-
-
24,443
Investments
**5**
460
-
-
**Total income**
96,004
-
774,614
**Expenditure on:**
Raising funds
**6**
1,052
-
-|**Total**
**Unrestricted Endowment**
**Restricted**
**funds**
**funds**
**funds**
**Designated**
**2025**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
95,544
61,560
-
-
677,045
-
-
655,108
12,000
-
-
46,706
11,363
-
-
-
49,763
-
-
-
24,443
-
-
-
460
267
-
-
870,618
61,827
-
701,814
1,052
4,637
-
-|**Total**
**2024**
**£**
61,560
-
655,108
46,706
-
-
-
267|
|---|---|---|
|||763,641|
|||4,637|
- 4 -
## **GET SET GIRLS**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 AUGUST 2025**_
|**Unrestricted Endowment**
**Restricted**
**funds**
**funds**
**funds**
**Designated**
**2025**
**2025**
**2025**
**Notes**
**£**
**£**
**£**
Charitable activities
College Partnership
**7**
26,574
-
688,839
Career Preparation and Training
**7**
22,763
-
9,153
Extra Curricular Activities
**7**
18,955
-
10,810
Welfare
**7**
7,691
-
39,016
**Total charitable expenditure**
75,983
-
747,818
**Total expenditure**
77,035
-
747,818
**Net income**
18,969
-
26,796
Transfers between funds
**13**
5,748
-
(5,748)
**Net movement in funds**
**9**
24,717
-
21,048
**Reconciliation of funds:**
Fund balances at 1 September 2024
29,616
32,350
15,392
**Fund balances at 31 August 2025**
54,333
32,350
36,440|**Total**
**Unrestricted Endowment**
**Restricted**
**funds**
**funds**
**funds**
**Designated**
**2025**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
715,413
17,298
-
643,767
31,916
12,344
-
23,230
29,765
23,126
-
1,500
46,707
4,806
-
16,278
823,801
57,574
-
684,775
824,853
62,211
-
684,775
45,765
(384)
-
17,039
-
10,000
-
(10,000)
45,765
9,616
-
7,039
77,358
20,000
32,350
8,353
123,123
29,616
32,350
15,392|**Total**
**2024**
**£**
661,065
35,574
24,626
21,084|
|---|---|---|
|||742,349|
||||
|||746,986|
|||16,655
-|
|||16,655
60,703|
|||77,358|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
## **GET SET GIRLS**
## **BALANCE SHEET**
## _**AS AT 31 AUGUST 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**14**
**Current assets**
Debtors
**15**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**17**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**18**
**Net assets**
**The funds of the charity**
Endowment funds - Designated
**20**
Restricted income funds
**19**
Unrestricted funds
**21**|**2025**
**£**
78,282
127,273
205,555
(92,987)|**£**
29,372
112,568
141,940
(18,817)
123,123
32,350
36,440
54,333
123,123|**2024**
**£**
155,620
7,906
163,526
(98,397)|**£**
33,998
65,129
99,127
(21,769)
77,358
32,350
15,392
29,616
77,358|
|---|---|---|---|---|
The financial statements were approved by the trustees on .........................
..............................
Rabbi B Dunner **Trustee**
- 6 -
## **GET SET GIRLS**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
**24**
**Investing activities**
Purchase of tangible fixed assets
Investment income received
**Net cash used in investing activities**
**Financing activities**
Repayment of bank loans
**Net cash used in financing activities**
**Net increase/(decrease) in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**£**
(5,748)
460
(4,352)|**£**
129,007
(5,288)
(4,352)
119,367
7,906
127,273|**2024**
**£**
(13,550)
267
(5,764)|**£**
8,124
(13,283)
(5,764)
(10,923)
18,829
7,906|
|---|---|---|---|---|
- 7 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
## **1 Accounting policies**
## **Charity information**
Get Set Girls is a public benefit entity registered in England and Wales.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity will continue for the foreseeable future based upon the continued financial support from the community. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds are unrestricted funds that the trustees have designated for specific projects.
Restricted funds are subject to specific conditions by donors as to how they may be used. Further explanation of the nature and purpose of each fund can be obtained upon request.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements Straight line method Fixtures and fittings 20% Reducing Balance Method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 9 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Taxation**
The charity is exempt from tax on its charitable activities.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 10 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
|**3**|**Income from donations and legacies**|||
|---|---|---|---|
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Donations and gifts|71,318|47,071|
||Grants|24,226|14,489|
|||95,544|61,560|
|**4**|**Income from charitable activities**|||
|||**Restricted**|**Restricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||**College Partnership grants**|||
||Services provided under contract|677,045|655,108|
||**Career Preparation and Training**|||
||Performance related grants|12,000|46,706|
||**Extra Curricular Activities**|||
||Performance related grants|11,363|-|
||**Welfare**|||
||Performance related grants|49,763|-|
||**Premises and IT Improvements**|||
||Performance related grants|24,443|-|
|||774,614|701,814|
|**5**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Interest receivable|460|267|
- 11 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
## **6 Expenditure on raising funds**
||||**Unrestricted**|**Unrestricted**|**Unrestricted**|
|---|---|---|---|---|---|
|||||**funds**|**funds**|
|||||**2025**|**2024**|
|||||**£**|**£**|
|**Fundraising and publicity**||||||
|Resources||||1,052|4,637|
|**Expenditure on charitable activities**||||||
||**College**|
**Career**|**Extra**|**Welfare**|**Total**|
||**Partnership**|**Preparation**|**Curricular**|||
|||**and Training**|**Activities**|||
||**2025**|**2025**|**2025**|**2025**|**2025**|
||**£**|**£**|**£**|**£**|**£**|
|**Direct costs**||||||
|Staff costs|65,466|2,872|2,788|3,183|74,309|
|Depreciation and impairment|10,374|-|-|-|10,374|
|Courses|593,005|21,202|-|29,825|644,032|
|Projects|1,466|3,158|22,494|9,191|36,309|
||670,311|27,232|25,282|42,199|765,024|
|**Share of support and governance costs**|**(see note 8)**|||||
|Support|41,091|4,684|4,483|4,508|54,766|
|Governance|4,011|-|-|-|4,011|
||715,413|31,916|29,765|46,707|823,801|
|**Analysis by fund**||||||
|Unrestricted funds|26,574|22,763|18,955|7,691|75,983|
|Restricted funds|688,839|9,153|10,810|39,016|747,818|
||715,413|31,916|29,765|46,707|823,801|
## **7 Expenditure on charitable activities**
- 12 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
|**Expenditure on charitable activities**
**Previous year:**
**College**
**Partnership**
**Career**
**Preparation**
**and Training**
**Extra**
**Curricular**
**Activities**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**Direct costs**
Staff costs
44,791
11,150
3,256
Depreciation and impairment
10,362
-
-
Courses
563,921
8,156
-
Projects
-
14,880
19,982
619,074
34,186
23,238
**Share of support and governance costs (see note 8)**
Support
37,137
1,388
1,388
Governance
4,854
-
-
661,065
35,574
24,626
**Analysis by fund**
Unrestricted funds
17,298
12,344
23,126
Restricted funds
643,767
23,230
1,500
661,065
35,574
24,626|**(Continued)**
**Welfare**
**Total**
**2024**
**2024**
**£**
**£**
1,618
60,815
-
10,362
-
572,077
18,078
52,940
19,696
696,194
1,388
41,301
-
4,854
21,084
742,349
4,806
57,574
16,278
684,775
21,084
742,349|**(Continued)**
**Welfare**
**Total**
**2024**
**2024**
**£**
**£**
1,618
60,815
-
10,362
-
572,077
18,078
52,940
19,696
696,194
1,388
41,301
-
4,854
21,084
742,349
4,806
57,574
16,278
684,775
21,084
742,349|
|---|---|---|
|||696,194
41,301
4,854|
|||742,349|
|||57,574
684,775|
|||742,349|
## **7 Expenditure on charitable activities**
## **8 Support costs allocated to activities**
|**Support costs allocated to activities**|||
|---|---|---|
|Staff costs
Office costs
Rent & rates
Fundraising Costs
Governance costs
**Analysed between:**
Fundraising
College Partnership
Career Preparation and Training
Extra Curricular Activities
Welfare|**2025**
**£**
4,320
10,446
40,000
1,052
4,011
59,829
1,052
45,102
4,684
4,483
4,508
59,829|**2024**
**£**
-
5,938
40,000
-
4,854|
|||50,792|
|||4,637
41,991
1,388
1,388
1,388|
|||50,792|
- 13 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
|**9**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|2,040|2,040|
||Depreciation of owned tangible fixed assets|10,374|10,362|
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **11 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
||12|10|
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages and salaries|78,629|60,815|
There were no employees whose annual remuneration was more than £60,000.
## **12 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **13 Transfers**
Transfers from restricted funds relate to expenditure that has been capitalised as fixed assets. The transfer reflects the reallocation of the associated amounts from restricted funds following capitalisation.
- 14 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
|**14**
**Tangible fixed assets**
**Leasehold**
**land and**
**buildings**
**Leasehold**
**improvements**
**Fixtures and**
**fittings**
**£**
**£**
**£**
**Cost**
At 1 September 2024
-
34,900
95,177
Additions
-
5,748
-
At 31 August 2025
-
40,648
95,177
**Depreciation and impairment**
At 1 September 2024
13,450
-
82,629
Depreciation charged in the year
7,864
-
2,510
At 31 August 2025
21,314
-
85,139
**Carrying amount**
At 31 August 2025
(21,314)
40,648
10,038
At 31 August 2024
(13,450)
34,900
12,548
**15**
**Debtors**
**2025**
**Amounts falling due within one year:**
**£**
Other debtors
78,282
**16**
**Loans and overdrafts**
**2025**
**£**
Bank loans
23,217
Payable within one year
4,400
Payable after one year
18,817|**Total**
**£**
130,077
5,748|
|---|---|
||135,825|
||96,079
10,374|
||106,453|
||29,372|
||33,998|
||**2024**
**£**
155,620|
||**2024**
**£**
27,569|
||5,800
21,769|
The above long-term loan is guaranteed by the government under the Bounce back loan scheme.
The loan accrues interest at 2.5% p.a.
- 15 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
## **17 Creditors: amounts falling due within one year**
|**17**
**Creditors: amounts falling due within one year**|||
|---|---|---|
|**Notes**
Bank loans
**16**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**18**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**16**|**2025**
**£**
4,400
(74)
13,827
73,634
1,200
92,987
**2025**
**£**
18,817|**2024**
**£**
5,800
-
55,218
36,031
1,348|
|||98,397|
|||**2024**
**£**
21,769|
## **19 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1**|**Incoming**|**Resources**|**Transfers At**|**31 August**|
|---|---|---|---|---|---|
||**September**|**resources**|**expended**||**2025**|
||**2024**|||||
||**£**|**£**|**£**|**£**|**£**|
||15,392|774,614|(747,818)|(5,748)|36,440|
|**Previous year:**|**At 1**|**Incoming**|**Resources**|**Transfers At**|**31 August**|
||**September**|**resources**|**expended**||**2024**|
||**2023**|||||
||**£**|**£**|**£**|**£**|**£**|
||8,353|701,814|(684,775)|(10,000)|15,392|
- 16 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
## **20 Endowment funds - Designated**
These are endowment funds funds which are material to the charity's activities.
||**At 1**|**At 31 August**|**At 31 August**|
|---|---|---|---|
||**September**||**2025**|
||**2024**|||
||**£**||**£**|
||32,350||32,350|
|**Previous year:**|**At 1**|**At 31 August**||
||**September**||**2024**|
||**2023**|||
||**£**||**£**|
||32,350||32,350|
## **21 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1**|**Incoming**|**Resources**|**Transfers At 31 August**|**Transfers At 31 August**|
|---|---|---|---|---|---|
||**September**|**resources**|**expended**||**2025**|
||**2024**|||||
||**£**|**£**|**£**|**£**|**£**|
|General funds|29,616|96,004|(77,035)|5,748|54,333|
|**Previous year:**|**At 1**|**Incoming**|**Resources**|**Transfers At 31 August**||
||**September**|**resources**|**expended**||**2024**|
||**2023**|||||
||**£**|**£**|**£**|**£**|**£**|
|General funds|20,000|61,827|(62,211)|10,000|29,616|
- 17 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
## **22 Analysis of net assets between funds**
|**Unrestricted**
**Endowment**
**Restricted**
**funds**
**funds**
**funds**
**Designated**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**At 31 August 2025:**
Tangible assets
29,372
-
-
Current assets/(liabilities)
43,778
32,350
36,440
Long term liabilities
(18,817)
-
-
54,333
32,350
36,440
**Unrestricted**
**Endowment**
**Restricted**
**funds**
**funds**
**funds**
**Designated**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**At 31 August 2024:**
Tangible assets
33,998
-
-
Current assets/(liabilities)
17,387
32,350
15,392
Long term liabilities
(21,769)
-
-
29,616
32,350
15,392|**Total**
**2025**
**£**
29,372
112,568
(18,817)
123,123
**Total**
**2024**
**£**
33,998
65,129
(21,769)
77,358|
|---|---|
## **23 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
## **24 Cash generated from operations**
|**Cash generated from operations**
Surplus for the year
**Adjustments for:**
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
**Movements in working capital:**
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Cash generated from operations**|**2025**
**£**
45,765
(460)
10,374
77,338
(4,010)
129,007|**2024**
**£**
16,655
(267)
10,362
(65,799)
47,173
8,124|
|---|---|---|
- 18 -
## **GET SET GIRLS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_
|**25**|**Analysis of changes in net funds/(debt)**||||
|---|---|---|---|---|
|||**At 1 September**|**Cash flows**|**At 31 August**|
|||**2024**||**2025**|
|||**£**|**£**|**£**|
||Cash at bank and in hand|7,906|119,367|127,273|
||Loans falling due within one year|(5,800)|1,400|(4,400)|
||Loans falling due after more than one year|(21,769)|2,952|(18,817)|
|||(19,663)|123,719|104,056|
- 19 -