## **GOLDEN**
**OPPORTUNITY SKILLS AND DEVELOPMENT ANNUAL REPORT 2022-2023**
01 | ANNUAL REPORT 2022-2023
## TABLE OF CONTENTS
03 Chairmans Message
04 GOS&D’s Guiding Principles
05 Where Our Beneficiaries Come From 06 Our Key Impact 2022-2023 07 - 11 2022-2023 Projects 12 Case Study and Testimonials 13 Consultations, Events and Reports 14 Significant Agencies 2022-2023 15 Accreditations and Quality Marks 16 - 27 Accounts
02 | ANNUAL REPORT 2022-2023
## Chairman’s Message
Dear supporters, staff, volunteers, and friends of GOS&D,
I am thrilled to present to you GOS&D's Annual Report for the year 2022-2023, showcasing the remarkable work we have collectively achieved over the past year.
In my role as the Chair of GOS&D, overseeing our initiatives in addressing the challenges posed by the pandemic and the cost-of-living crisis, I am deeply moved by the indispensable role GOS&D plays in our community. Thousands of individuals rely on us for information and support, finding hope in our unwavering commitment to those living in abject poverty and facing persistent inequalities.
Our accredited advice work alone has positively impacted 879 residents this year, significantly improving their lives. Furthermore, we have assisted 200 residents in avoiding homelessness, and I am particularly proud of our new initiative addressing Temporary Accommodation in Ealing.
Our organization is dedicated to effecting change in policies and practices that perpetuate inequalities. Unfortunately, we find ourselves in a time of widespread institutional failures. In Ealing, we commend the council for its Race Equality Commission Report, which has resulted in identifying key recommendations across various domains, including education, housing, policing, etc. GOS&D has actively participated in crucial consultations with various institutions, including Ealing Council. Our involvement has played a pivotal role in assisting the NHS in shaping its In-Patient Mental Health plans and aiding the National Institute of Care and Research in drafting its Community Engagement strategy, among other contributions.
Through the dedication of our team, the generosity of our donors, and the resilience of the communities we serve, we have achieved remarkable milestones. As we contemplate our future, we will prioritize our ongoing commitment to impact in our operations, strategy, and resilience. This solid foundation is essential to empower the bold thinking required to unlock solutions for meeting the needs of our communities. Our ambitious goals necessitate ambitious support, and the Board will also focus on strengthening our relationships with likeminded organizations.
I extend my heartfelt gratitude to our volunteers, colleagues, partners, and supporters for their invaluable assistance in helping us transform the lives of our most vulnerable residents.
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Abdirisak JIBRIL
Chair of Trustees
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## GOS&D'S GUIDING PRINCIPLES
## GOS&D’S CHARITABLE OBJECTIVES
To develop the capacity and skills of people from socially disadvantaged communities.
To provide relief from financial hardship, sickness, social or economic disadvantage, and to advance the education of its community.
To promote and fulfil other charitable purposes beneficial to charity.
To empower individuals to make, and put into practice, informed choices based on their experiences.
## GOS&D’S VISION
To see a vibrant and equal society where everyone is valued for their potential, and where their human rights are observed and protected.
## GOS&D’S MISSION
## GOS&D’S STRATEGIC OBJECTIVES
Raising aspirations
Extending opportunities
Tackling poverty Strengthening communities
04 | ANNUAL REPORT 2022-2023
## WHERE OUR BENEFICIARIES COME FROM
5%
84%
11%
05 | ANNUAL REPORT 2022-2023
## OUR KEY IMPACT 2022-2023
**----- Start of picture text -----**
861 1319
Workshops and Beneficiaries
training sessions accessed our
delivered projects
200 £319K
Residents Avoided Generated/saved for
Homelessness residents
135
3173
Residents supported
Volunteer hours access
donated employment/self-
employment
opportunities.
381 476
Digitally excluded Residents improved
and now digitally their English
INCLUDED language skills
456 200 plus
Beneficiaries with Physically inactive
lived experiences residents engaged
took part in our
consultations
06 | ANNUAL REPORT 2022-2023
**----- End of picture text -----**
## 2022 - 2023 PROJECTS
## 1.3 FINANCIAL INCLUSION
## 1. RAISING ASPIRATIONS:
“Learning is a treasure that will follow its owner everywhere.” – Chinese Proverb
The cost of living crisis, complicated welfare benefit system and financial products call for innovative financial inclusion training:
## OUTCOMES ACHIEVED:
118 Residents completed our Financial Inclusion Training
476 Residents accessed our ESOL programme
95 Residents progressed to higher ESOL levels
Community Settings: Digital programme in with MENCAP + GOS&D’s digital
78 Residents provided with digital equipment.
263
Residents access our digitally equipment on weekly basis
381 Digitally excluded and now digitally INCLUDED
07 | ANNUAL REPORT 2022-2023
## 2022 - 2023 PROJECTS
## 2. EXTENDING OPPORTUNITIES:
"Whenever you see darkness, there is extraordinary opportunity for the light to burn brighter." — Bono
## 2.1 ECONOMIC DEVELOPMENT:
GOS&D has built track record in supporting residents that are unfairly labelled ‘hard to engage’ access and sustain their employment/self-employment opportunities
## **OUTCOMES ACHIEVED:**
81 178 Adult residents secured Residents engaged in economic sustainable employment development initiatives 43 11 Young people (NEET) secured Residents supported to set up sustainable their own businesses employment/apprenticeship opportunities 08 | ANNUAL REPORT 2022-2023
## 3. TACKLING POVERTY:
## 2022 - 2023 PROJECTS
“As long as poverty, injustice and gross inequality exist in our world, none of us can truly rest.” — Nelson Mandela, Former President of South Africa
## 3.1 ACCREDITED INFORMATION, ADVICE AND GUIDANCE (IAG):
GOS&D is now entering its 5th year of delivering Advice Quality Standard (AQS) accredited IAG support to residence.
## **OUTCOMES ACHIEVED:**
**----- Start of picture text -----**
93
200 Residents in
879
Temporary
Residents Avoided Accommodation
Residents Supported
Homelessness moved into
sustainable
accommodation
327
110
Residents £319K
Residents
successfully
supported to
challenged and Generated/saved
access affordable
accessed for Residents
energy tariffs
appropriate
welfare benefits
**----- End of picture text -----**
09 | ANNUAL REPORT 2022-2023
## 2022 - 2023 PROJECTS
## **4. STRENGTHENING COMMUNTIES:**
“There is no power for change greater than a community discovering what it cares about.” MARGARET J. WHEATLEY
150 Residents engaged in Covid-19 health and safety campaigns and on immunisation.
## OUTCOMES ACHIEVED:
## 4.3 COUNTER EXTREMISM:
## 4.1 COMMUNITY MENTAL HEALTH
Minoritized communities continue to experience inequalities when trying to access mental health services. Ealing Somali Mental Health Project: Our ‘one community at a time’ approach focused on the ever increasing mental health afflictions amongst Ealing’s Somali community.
_**Outcomes achieved:**_
56 22
Identified residents received Psychotherapy Support
Engaged residents reported better understanding of Mental Health
We continued to deliver our work on PREVENT and also on tackling Female Genital Mutilation/Cutting (FGM/C).
## OUTCOMES ACHIEVED;
191 Residents engaged on Counter Extremism programme 28 Professionals attended our FGM/C Cultural Competence Training 77 Men from FGM/C communities signed our End FGM/C charter
## 4.4 SPECIAL EDUCATION NEEDS AND SCHOOLS EXCLUSION:
## - 4.2 HEALTH, WELLBEING AND COVID 19 INTERVENTIONS
Opportunities for physically inactive residents to participate in fun-filled fitness sessions. Covid-19 remains a challenge, affecting our most vulnerable residents;
Minoritized Children/young people and their parents face numerous challenges;
## _**Outcomes achieved;**_
## Outcomes Achieved:
42 Children without Education, Health and Care Plans now have one in place.
200 plus
Physically inactive residents engaged in programmes such as Strength and Balance
56
Young people continue attending our weekly football sessions.
33 Young people at risk of schools exclusion remain in education. 72 Parents are now able to support and advocate for their children to continue with their education.
10 | ANNUAL REPORT 2022-2023
## 2022 - 2023 PROJECTS
## 4. **STRENGTHENING COMMUNTIES:**
“The need for connection and community is primal, as fundamental as the need for air, water, and food.” – Dean Ornish
4.9 Everyone Matters Project: Consortium of 5 civil society organisations Led by GOS&D and funded by The National Lottery Fund: 2022-2025
Key outcomes achieved by the projects;
4.3 Connecting Communities: Funded by Ealing Council and working in partnership: Supporting communities avoid isolation, connect with each other and interventions that meet their needs.
200 plus Residents engaged to reduce isolation 170 plus Refugees and asylum seekers supported to better their lives.
4.4 BBO Working West London 2017-2023. - National Lottery Community Fund/ESF Partnership-project; A partnership project with ELATT to support
unemployed and economically inactive refugee beneficiaries with access to ESOL and employment support.
4.5 Resilience Fund 2021-2023: Community Aid Foundation (CAF): Employment and capacity building support
4.6 Core Funding 2021-2023: Funded by Lloyds Foundation: Support for Refugees and Asylum seekers and capacity building support.
4.7 Hounslow Anti Youth Violence: Funded Hounslow Council
4.8 Parent Carer Champion Project: Young Ealing Foundation supported project and funded by the Mayor’s Office (VRU).
103 Children/young people and 92 parents engaged in anti youth violence programme
7 Parents/carers trained as Parent Champions
11 | ANNUAL REPORT 2022-2023
## **CASE STUDY AND TESTIMONIAL**
**‘We are ignored and made to feel incapable but if given the chance and support, we can change our lives and impact positively on society’ By a Young Asylum Seeker supported by GOS&D and now working for Transport for London.**
**Testimonial: ‘Thanks to Sunita and GOS&D for understanding my needs, and struggles and now I have found work for the first time in 14yrs’**
**The stories of those we work with and support are incredibly powerful. They depict the resilience of individuals who have overcome pressing issues and gleaned valuable life lessons. As an organization, we take the time to reflect, assess, and then move forward. The narratives we encounter, often stemming from challenging circumstances, underscore the impact of our work and interventions. The true testament of our efforts lies in the stories and journeys shared by those we exist to support.**
## Transformative Intervention: Empowering a Refugee Single Parent
Introduction: This case study follows X, a refugee single parent who faced mental health challenges and trauma before arriving in the UK in 2009. Initial attempts at mainstream mental health support exacerbated her situation due to cultural differences, leading to child protection measures for her three children.
## Interventions:
1. Community Mental Health Support: Our organization facilitated culturally sensitive access to community mental health services, providing tailored support for X's unique needs and traumas.
- 2.Advocacy Work: Collaborative advocacy efforts addressed child protection concerns, emphasizing cultural understanding and bridging gaps between X's background and the best interests of her children.
## Outcomes:
- 1.Improved Mental Health: X reported significant improvements, feeling heard and supported in her recovery journey.
- 2.Employment Opportunities: Empowered by improved mental health, X secured employment, enhancing her financial independence and overall well-being.
- 3.Thriving Children: Culturally informed interventions positively impacted X's relationship with her children, creating a stable and nurturing home environment.
Conclusion: This case study highlights the success of targeted interventions, emphasizing cultural sensitivity and individualized care. By addressing X's unique challenges, our organization played a crucial role in her journey toward improved mental health, stable employment, and the flourishing of her family. This case study also demonstrates what we have always wanted funders and other to understand - that individuals are faced with multiple issues and sometimes at the same time.
_**12 | Annual Report 2022-2023**_
**CONSULTATIONS, EVENTS AND REPORTS**
**GOS&D values opportunities to consult and attend mutually beneficial events. Our person-centered and asset-based approaches mean that since the organization was established, we have consistently placed our users at the center of everything we do. Our communities serve as our best educators. Individuals with lived experiences continue to contribute to making GOS&D a learning and responsive organization.**
## _**GOS&D Consultations**_
## _**Reports, Publications and Events**_
456 beneficiaries with lived experiences took part in our consultations Topic Example: Impact of Cost of Living Topic: Example: Mental Health and Minoritized Communities Topic Example: Barriers to Accessing Services
Community Aid Foundation: GOS&D featured on CAF’s Resilience programme Speaker @ Morgan Chase: P2E event organised by London Community Foundation Example event: Suicide Prevent Mental Health: Event hosted and delivered by GOS&D Report by GOS&D: FGM/Cutting and Mend from Practicing Communities.
## _**GOS&D’s Contribution to Third Party Consultations**_
Enabling Early Childhood Development in Ealing: Ealing Council National Institute for Health and Care Research: Supported NIHR to develop tbeir comminity engagement strategy. National Institute for Health and Care Research: Supported NIHR to develop their Community Engagement strategy. Ealing Inpatient Mental Health Services: GOS&D supported the discussions/consultation process.
13 | ANNUAL REPORT 2022-2023
## **SIGNIFICANT AGENCIES - 2022-2023**
##
Forums/Steering Groups
Ealing Advice Forum Ealing Dementia Action Alliance Suicide Prevention Steering Group
14 | Annual Report 2022-23
## ACCREDIATIONS AND QUALITY MARKS
15 | ANNUAL REPORT 2022-23
# GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)
# ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 March 2023
# REGISTERED COMPANY NUMBER 06396150 REGISTERED CHARITY NUMBER 1121565
**GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **ANNUAL REPORT AND ACCOUNTS**
**CONTENTS** : Page No Legal and Administrative information 16-17 Trustees/Directors’ report 18 - 19 Statement of Trustees’ responsibilities 20 Independent Audit Report 21 Statement of Financial Activities 22 Balance Sheet 23 Notes forming part of the financial statements 24-27
**GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **ANNUAL REPORT AND ACCOUNTS**
GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD) is a charitable company limited by guarantee, incorporated on 11 October 2007 and registered as a charity with the Charity Commission on 12 November 2007.
The company was registered under a Memorandum of Association which established the objectives and powers of the company and is governed under its Articles of Association.
GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD) is a leading charity focused on building a vibrant and equal society.
Our services are designed to meet the needs of people from socially disadvantaged parts of our community and help them flourish.
GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD) was founded in 2003 by three friends from diverse and challenging backgrounds who shared a vision of better support for young people in Ealing, London. Since then, we have delivered groundbreaking projects focused on providing the kinds of help that really makes a difference.
REGISTERED COMPANY NUMBER **06396150**
REGISTERED CHARITY NUMBER **1121565**
## **REGISTERED OFFICE:**
Resource Centre Featherstone Terrace London UB2 5AL
**BANKERS** NATWEST 69 The Broadway Southall, London UB1 1LD
## **ACCOUNTANTS**
Unit 8 122-126 Coldharbour Lane London UB3 3HL
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**GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **DIRECTORS AND TRUSTEES FOR THE YEAR ENDED ON 31 MARCH 2023**
The directors of the charitable company are its trustees for the purpose of charity law and throughout this report and are collectively referred as trustees.
The appointed trustees are as follows:-
Abdirrisak JIBRIL - Chair Yuusuf GUULED - Treasurer Kaisi OMAR - Secretary Kevin DEMPSEY Glen GAYLE
## **Structure, Governance and Management**
GOLDEN OPPORTUNITY SKILLS AND DEVELOPMENT (GOSAD) is a company limited by guarantee and has charitable status. Its governing document is clearly set out in its Memorandum and Articles of Association.
## **The policies and procedures adopted for the induction and training of trustees.**
All newly appointed Trustees are inducted by the charity’s trustees Manager and are given appropriate documents that contain their roles and responsibilities as referred to the guidance published by the Charities Commission.
Additional external training is also provided to all newly appointed trustees when new opportunities become available. This is mainly designed to ensure that trustees follow the rules in the charity’s governing document and to support them to fulfil their roles and responsibilities effectively.
All decisions relating to the governance and management of the organisation are taken and approved by the trustees.
GOLDEN OPPORTUNITY SKILLS AND DEVELOPMENT (GOSAD) engages in partnership with many other organisations and charitable companies, but this does not have an impact on the operational policies adopted by the charity.
The relationships between the charity, related parties, and with other charities and organisations are solely in the pursuit of its aims and objectives as clearly indicated in the organisation’s governing document.
## **Risk Assessment**
The charity manages its exposure to unexpected risks that the charity may face such as adverse changes in funding and other adverse events that may have a significant impact or the potential to inhibit areas of its charity operations in developing and putting in place effective and efficient mitigating measures.
Those measures and systems are regularly monitored, reviewed and developed periodically in trustees’ management committee’s meetings.
The organization has a comprehensive risk register in place, which is reviewed and monitored regularly.
Internal risks are also continuously reviewed and appropriate measures are developed and implemented to safeguard the organisation’s resources and charitable activities.
17
**GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **TRUSTEES’ REPORT**
## **Objectives and Activities**
## **A summary of the objects of the charity aims as set out in its governing document:**
- To develop the capacity and skills of people from socially disadvantaged communities.
- To provide relief from financial hardship, sickness, social or economic disadvantage, and to advance the education of its community.
- To promote and fulfill other charitable purposes beneficial to the community.
- To empower individuals to make, and put into practice, informed choices based on their experiences.
## **An explanation of the charity’s strategies for achieving its stated objectives**
To arrive at this ambitious plan we listened to many voices. We heard directly from the very people that directly benefit from GOSAD’s projects about their experiences.
We asked them what life is like for them and what project(s) and support they want to help them through difficult and challenging times.
We listened to our steering group of users, set up to help shape the strategic vision, on many topics, including their take on what would happen if GOSAD no longer existed to provide crucial services to the community.
Our staff and volunteers shared their experiences, and we met with many others from outside the organisation to discuss how, together, we can provide timely and appropriate interventions for those in our communities that face multiple disadvantages
During the next three years, we anticipate:
- Continuing reductions in public spending - with local government focussing more on funding initiatives that will support the delivery of core statutory duties. This will have a significant impact on our users and will mean that there will be less funds to spread around.
- Economic growth and increases in employment are currently forecast to continue, but there is significant uncertainty about the long term. Income from employment is not increasing with inflation and cost of living with more people in self-employed and in less secure roles. It is likely that income inequality and the number of people experiencing poverty will rise over the coming years.
- Nationally, in recent years voluntary sector income has decreased. The decrease is mainly as a result of reduced public spending. Income from government grants and contracts is falling, but the decrease in grant funding is greater than the decrease in contract funding.
- Welfare reform set to continue with everyone moving to Universal credit in 2024, and we will see more users having issues accessing and exercising their rights to claiming welfare benefits.
- We expect to see more and more cases of homelessness as landlord are increasing rent, we also expect to see more people in Temporary accommodation as local authority struggle to rehouse people.
- We will continue to see more people accessing food bank due to cost of living crisis
- Youth violence will be on the increase as the past couple of years have demonstrated. Knife crime in particular will again show that there is no longer a need for young people to be part of a gang – in order to commit acts of violence.
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## **GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
- ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
- Health inequality will continue to persist, especially support in dealing with mental health amongst BMER communities.
- Resources and support for ESOL, Digital and Financial Inclusion programmes will continue to dwindle in the face of rising demand for such interventions.
- Last but not least, Social Injustice and lack of legal support (legal aid reforms) will continue to affect the most vulnerable in our society – from lack of advocacy support in dealing with unfair schools exclusion to court (tribunal) representation for this fighting to maintain or access disability related benefits.
## **External reviews**
Whenever possible we will engage external researchers to gain an impartial and more rigorous evaluation of our work. Through Steering Groups established for some of our projects we also gain on-going external review.
## **Financial Review**
## **On reserves**
The board is committed in building up sufficient unrestricted funds to enable it to meet its essential charitable objectives in emergencies.
The charity’s general reserve for emergencies stands at £23,640 for the financial year ended 31 March 2023. This is included in the reserves of the year of £153,833.
## **Funds Held as Custodian Trustee on Behalf of Others**
The Association does not hold any funds on behalf of other parties.
19
## **GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES:**
Company law requires the trustees to prepare financial statements that give a true and fair view of the organisation’s financial activities during the year and its financial position at the end of each financial year.
In doing so, the trustees are required to:
- ➢ Select suitable accounting policies and then apply them consistently
- ➢ Make judgments and reasonable and prudent judgments
- ➢ State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements
- ➢ Prepare the financial statements on the going concern basis unless its inappropriate to presume that the
- ➢ organisation will continue in operation for the foreseeable future.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the company and enable them to ensure that the financial comply with applicable laws, regulations and the trust deeds.
They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities including money laundering.
Signed on behalf of the trustees:
Abdirrisak JIBRIL --------------------------------------
Yuusuf GUULED
**Chair**
**Treasurer**
20
**GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **Independent examiner’s report to the charity trustees of GOLDEN OPPORTUNITY SKILLS AND DEVELOPMENT (GOSAD)**
I report to the trustees on my examination of the accounts of GOLDEN OPPORTUNITY SKILLS AND DEVELOPMENT (GOSAD) for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed by examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- Accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
- The accounts do not accord with those records; or
- The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
Yousif Abdi – Accountant - FCA
For and on behalf of Aflah Accounting Solutions Date: 17/07/2023
21
**GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
||**Notes**|**UNRESTRICTED FUNDS**|**RESTRICTED FUNDS**|**TOTAL FUNDS **|**TOTAL FUNDS**|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
|||||**2023**|**2022**|
|**INCOMING RESOURCES**||||||
|**Voluntary Income/Grants**|**(1)**|66,278|393,888|460,166|396,140|
|**Legacies**||-|-|-|-|
|**Gifts in Kind**||-|-|-|-|
|**Investment Income**||-|-|-|-|
|**Charitable Activities**||-|-|-|-|
|**Other Incoming Resources**||-|-|-|-|
|**Total Incoming Resources:**||**66,278**|**393,888**|**460,166**|**396,140**|
|**RESOURCES EXPENDED:**||||||
|**Costs for generating funds**||-|-|-|-|
|**Charitable Activities**||-|(64,903)|(64,903)|(139,920)|
|**Supporting Activities**||(65,895)|(222,552)|(288,447)|(159,022)|
|**Service level agreements with partner**|**charities**|-|(113,590)|(113,590)|(27,500)|
|**TOTAL RESOURCES EXPENDED:**|**( 2)**|**(65,895.0)**|**(401,045.0)**|**(466,940.0)**|**(326,442.0)**|
|**Net Surplus/Deficit for the year**||383|(7,157)|(6,774)|69,698|
|**Opening funds Transfer of funds**||41,572|119,035|160,607|90,909|
|**Transfer of funds**||0|0|0|0|
|**CLOSING FUNDS:**||**41,955**|**111,878**|**153,833**|**160,607**|
22
## **GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **BALANCE SHEET AS AT 31 MARCH 2023 GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
|Notes
**2023**
£
**FIXED ASS ETS**
OFFICE FURNITURE AT COST
(3)
2,773
LESS ACCUMULATED DEPRECIATION
(2,773)
COMPUTERS & OTHER EQUIMPMENTS AT COST
(3)
45,314
LESS ACCUMULATED DEPRECIATION
(26,522)
NET BOOK VALUE
18,792
**CURRENT ASSETS**
CASH AT BANK & IN HAND
(4)
136,241
PREPAYMENTS
0
DEBTORS
0
**TOTAL CURRENT ASSETS**
136,241
**CURRENT LIABILITIES**
CREDITORS
(5)
(1,200)|**2022**
£
2,773
(2,773)
38,438
(21,991)
16,447
151,810
0
0
151,810
(7,650)|
|---|---|
|**NET ASS ETS**
**153,833**|**160,607**|
|**RESERVES:**
RESTRICTED FUNDS
(6)
111,878
UNRESTRICTED FUNDS
41,955|119,035
41,572|
|**TO TAL**
**153,833**|**160,607**|
Approved by the board on 24/07/2023 and signed on behalf of the board by:
Abdirisak JIBRIL - Chair
---------------------------------------
Yuusuf GUULED - Treasurer
----------------------------------
23
**GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS:**
## **ACCOUNTING POLICIES:**
- 1a) The financial statements have been prepared under the historical cost convention, with the exception of investment, which are valued at the prevailing market prices. The financial statements have been prepared in accordance with the statement of Recommended Practice-Accounting and reporting by charities (SORP2005) issued in March 2005, applicable UK accounting Standards and the Companies Act 1985. The principal accounting policies adopted in the preparations of the financial statements are set out below.
## 1b) **INCOMING RESOURCES:**
Voluntary income includes donations, gifts, legacies and grants that provide core funding or are of general nature are recognised where there is entitlement, certainly of receipts and the amount can be measured with sufficient reliability. Such income is only deferred when:
- The Donor specified that the grant or donation must only be used in future accounting periods, or
- - The Donor has imposed conditions, which must be met before the charity has unconditional entitlement.
- Income from commercial trading activities is recognised as earned as the related goods and services are provided.
- Investment income is recognised on a receivable basis.
Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised as earned (as the related goods or services are provided). Grant income includes in the category provided funding to support performance activities and is recognised where there is entitlement, certainly of receipts and the amount can be measured with sufficient reliability.
- Income is deferred when admission fees or performance related grants are received in advance of the performances or event to which they relate.
## 1c) **RESOURCES EXPENDED:**
Expenditure is recognised when a liability is incurred. Contractual agreements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable.
- Cost of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
- Charitable activities including expenditure associated with the activities are included the direct costs and support costs relating to these activities.
- Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
## 1d) **RESTRICTED FUNDS:**
Restricted funds are to be used for specified purposes as lay down by the founder. Direct and support expenditure, which meets these criteria, is defined to the fund together with a fair allocation of other costs.
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## **GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## 1e) **UNRESTRICTED FUNDS:**
Unrestricted funds are funds received with no restrictions placed in their expenditure and are available as general funds.
- 1f) Revenue grants are credited to incoming resources on the earlier of when they are received on when they are due.
## **Note 1**
## **INCOMING RESOURCES:**
## **RESTRICTED INCOME**
|**DONORS**|**TOTAL 2023(£)**|**TOTAL 2022(£)**|
|---|---|---|
|ELAAT|1,145.00|12,869.95|
|LB EALING|87,268.00|71,641.91|
|PADDINGTON DEVELOPMENT TRUST||19,700.00|
|THE LONDON COMMUNITY FOUNDATION|50,000.00|59,600.00|
|BBC CHILDREN IN NEED||25,291.50|
|LOCALITY||19,400.00|
|CAF RESILIENCE FUND|28,625.00|80,875.00|
|JOHN LYONS FOUNDATION|37,400.00|34,000.00|
|DWP||9,996.00|
|LB HOUNSLOW|12,500.00|13,556.00|
|BARROW CADBURY TRUST||100.00|
|HADEA|950.00||
|YOUNG EALING FOUNDATION|9,750.00||
|TRUST FOR LONDON|26,250.00||
|NATIONAL LOTTERY COMMUNITY FUND|140,000.00||
|**TOTAL**|**393,888.00**|**347,030.36**|
25
## **GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **UNRESTRICTED INCOME**
|**DONORS**|**TOTAL 2023(£)**|**TOTAL 2022(£)**|
|---|---|---|
|EALING MENCAP|10,684.00|4,721.00|
|EACH|8,935.00|6,000.00|
|SOUTHALL COMMUNITY ALLIANCE|4,940.00|4,500.00|
|IDEAL HEALTH CONSULTING||3,220.00|
|LLOYDS BANK FOUNDATION|27,250.00|25,000.00|
|ESDEG|700.00|520.22|
|LONDON YOUTH||3,964.00|
|HADEA||480.00|
|EALING SOMALI WELFARE|5,703.00|480.00|
|SOFALE|735.00|224.00|
|CYTA CONSULTING LT|100.00||
|UBELE|338.00||
|FUTUREBRIGHT SOLUTION SUCCESS PROJECT|550.00||
|A2DOMINION|1,000.00||
|THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT|5,000.00||
|SOMALI YOUTH HELPLINE|343.00||
|**TOTAL**|**66,278.00**|**49,109.22**|
## **NOTE 2**
## **TOTAL RESOURCES EXPENDED**
|**EXPENSE**|**UNRESTRICTED FUNDS(£)**|**RESTRICTED FUNDS(£)**|**TOTAL - 2023(£)**|**2022(£)**|
|---|---|---|---|---|
|CHARITABLE ACTIVITIES|11,439.00|64,903.00|76,342.00|128,756.00|
|SERVICE LEVEL AGREEMENTS|-|113,590.00|113,590.00|27,500.00|
|VOLUNTEERS COSTS||10,208.00|10,208.00|11,164.00|
|ACCREDITATION AND MEMBERSHIP FEES|448.00||448.00|0.00|
|PROMOTIONAL SERVICES|4,276.00||4,276.00|1,680.00|
|TELEPHONE|2,923.00||2,923.00|2,400.00|
|PAYROLL & HMRC COSTS||157,469.00|157,469.00|114,622.00|
|RENT||14,361.00|14,361.00|7,522.00|
|REPAIRS & MAINTENANCE|5,888.00||5,888.00|12,400.00|
|DEPRECIATION CHARGES|4,531.00||4,531.00|2,747.00|
|UTILITIES|4,389.00||4,389.00|3,538.00|
|INSUARANCE COSTS|972.00||972.00|897.00|
|BANK CHARGES|630.00||630.00|492.00|
|CLEANING|2,590.00||2,590.00|0.00|
|STAFF TRAINING AND DEVELOPMENT|12,350.00|12,595.00|24,945.00|84.00|
|HIRING COSTS||7,890.00|7,890.00|200.00|
|BUSSINESS RATE|1,029.00||1,029.00|299.00|
|OFFICE SUPPLIES COSTS|1,100.00||1,100.00|515.00|
|TRAVEL EXPENSES||7,289.00|7,289.00|5,800.00|
|SOFTWARE COSTS||800.00|800.00|864.00|
|ACCOUNTING COSTS|1,200.00||1,200.00|1,450.00|
|CONSULTANCY COSTS||4,100.00|4,100.00|840.00|
|MANAGEMENT SERVICES COSTS|8,000.00||8,000.00|1,500.00|
|PROFESSIONAL SERVICES COSTS||4,700.00|4,700.00|1,172.00|
|EQUIPMENTS EXPENSED|3,380.00||3,380.00||
|PENSIONS||3,140.00|3,140.00||
|OTHER|750.00||750.00||
|**TOTAL**|**65,895.00**|**401,045.00**|**466,940.00**|**320,616.00**|
## **NOTE 3**
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## **GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## Tangible fixed assets
Fixed assets costing in excess of £1000 are capitalised and are shown at historical cost. Depreciation is provided, after taking into account of any grants receivable. Tangible fixed assets are depreciated at 20% reducing balance.
## **OFFICE FURNITURE**
|**Costs**
At Cost 01/04/2022
Additions
Disposals
Revaluations
Transfers
As at 31 March 2023
**Depreciation:**
Accumulated Depreciation as at 01/04/2022
Charge for the year
At 31 March 2022
**Net Book Value**
Net Book Value at 31 March 2022|£
2,773
-
-
-
-|
|---|---|
||2,773|
||(2,773)
-|
||(2,773.0)|
|||
||**0**|
## **COMPUTERS & OTHER EQUIMPMENTS**
|**Costs**
At Cost 01/04/2022
Additions
Disposals
Revaluations
Transfers
As at 31 March 2023
**Depreciation:**
Accumulated Depreciation as at 01/04/2022
Charge for the year
At 31 March 2022
**Net Book Value**
Net Book Value at 31 March 2022|£
38,438
6,876
-
-
-|
|---|---|
||45,314|
||(21,991)
(4,531)|
||(26,522.0)|
|||
||**18,792**|
## **NOTE 4**
## **CASH AT BANK AND IN HAND**
The Association has a cash balance of £136,241 in its bank account as at 31 March 2023
## **NOTE 5 CREDITORS**
|Accounting Fees :|£1,200|
|---|---|
||£1,200|
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## **GOLDEN OPPORTUNITY SKILLS & DEVELOPMENT (GOSAD)**
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
## **NOTE 6**
## **RESERVES:**
The charity's reserves at the financial year end of 31/03/23, stands at £153,833
This consists of £111,878 of restricted funds and £41,955 of unrestricted funds. £23,640 of the unrestricted funds has been pacifically ring fenced for emergencies.
## **Taxation**
The charitable company is exempt from taxation under sections 466 to 493 of the Corporation Tax Act 2010
## **Cash flow statement**
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from producing a cash flow statement on the grounds that it is a small company
## **EMPLOYMENT COSTS**
**2023 2022** £ £ Payroll & HMRC Costs £157,469 £114,622
## **TRUSTEES EXPENSES**
The trustees neither received nor waived any emoluments during the period Trustees claimed for travelling expenses during the year. These amounted to £ £Nil).
## **RELATED PARTIES**
There are no related parties transactions to be disclosed
END
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