2022-03-31-accounts - Global Vision Initiative

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Annual Report/Financial Account for the period

Section A

Period start date Period end date 1[ST] APRIL 2021 To MARCH 31[ST] 2022 Day Month Year Day Month Year From 1[st ] April 2021 31[st ] March 2022

Reference and administration details

Organisations name GLOBAL VISION INITIATIVE

Organisation’s principal address 70 LAWNHURST AVENUE

BAGULEY

Postcode M23 9SA

Names of management team who manage the organisation

name	Office (ifany)	Dates acted if not for whole year
AYODEJI OLOFINTILA	CHAIR	NA
TAIWO OGUNMOYE	TREASURER	NA
OLUMIDE AMOSUN	SECRETARY	NA

Names and addresses of advisers

Name

Address

MICHAEL OLUDIPE(PASTOR) 1 MATHEWS LANE M12 4QW

Name of chairperson or names of senior staff members

AYODEJI OLOFINTILA - CHAIRPERSON

Section B Structure, governance and management

Description of the organisation

Type of governing document

) CONSTITUTION

Section C

Objectives and activities

To promote for the benefit of the public, in particular but not exclusively people from the minority ethnic and Asian communities, refugees, asylum seekers, Offenders and Ex-offenders in Northwest England with a view to enabling them to better integrate into the community by:

The advancement of education including training.

Summary of the objects of the organisation set out in its governing document

The relief of unemployment of those granted refugee status and those seeking asylum in the United Kingdom by the provision of vocational and skills training, advice and support.
The provision of recreational facilities in the interests of social welfare with the object of improving their conditions of life.

To train, empower, skill the less privilege people most importantly those from the BME Communities Black, Minority Ethnic and Asian Communities who are neglected or do not have the wherewithal to access the training offered by the mainstream organisations. To provide

opportunities for training in Leadership, Social Skills, and Skills for Life. To coach, mentor them and improve their self-confidence and assist young people in the community find routes back into education, volunteering and employment through different projects.

Summary of the main achievements of the organisation during the year

To advance the education of people in Nigeria in particular but not exclusively by the provision of vocational training and opportunities. ➢ Through our numerous projects and activities, participant’s’ build new friendships, learn how to work within groups, plan their time, sharpen their interpersonal and social skills to develop relationships with peers in the community, improving their selfconfidence and esteem.
➢ Participants learn social skills, social entrepreneurial and ICT/Digital skills necessary for accessing employment on the job market
➢ Disadvantage young people were encouraged to participate in programs outside UK, this encouraged networking, international relationships building etc.
➢ Participants’ confidence and self-esteem level is boosted through various motivational talks and activities thereby encouraging harmony and bonding.
➢ Our projects created opportunities for dialogue and joint working; the cultural mix during our projects encouraged interaction, social networking and social action.
➢ GVI’s projects encouraged racial and religious pluralism, among young people, women, girls and elderly people in the community by bringing in speakers and trainers from all background to the community.
➢ People from the local community were encouraged to work together ensuring peace and social development, most importantly among diverse ethnic groups, new immigrants such as the Somali’s, Middle Easterner’s, Polish, Romas, established whites and Caribbean’s youths.
➢ GVI acted as problem solver by drawing young people away from crime, anti-social behaviours and religious bigotry through various activities, exercises and games.
➢ GVI also acted as link to other local organizations assisting in signposting young people to other services and organisations for example some young people were signpost to sports clubs and other projects in the community.
➢ Our sports and exercises projects created a healthier community through constant and frequent group exercises and activities.
➢ 95% of participants continued to exercise on regular basis creating a healthy community.
➢ Our sports projects recorded significant reduction in avoidable health challenges such as obesity and stress.
➢ 85% of participants on the projects have more confidence in communicating and networking with others.
➢ BAME young people, women, girls and elderly people’s selfconfidence and esteem are enhanced as they engaged in competitive activities, learn new skills and build new relationships.

~~➢~~

➢ At least 25% of BAME young people, women, girls and elderly people continue to participate in our project activities to sustain the project initiative
➢ 55% considers volunteering during our other programs within the community and 40% will continue to engage in our other programs.
➢ Participants learn new skills i.e., Emotional Intelligence, Digital/ICT skills, Endurance, Perseverance etc.
➢ We had an increase in the funding accessed by our fund-raising team during the year and we look forward to progress in the new project year.
➢ Some of our improvements are delivering more social projects and activities for disadvantaged young people – ➢ Re-Focus Project’’ a girl only project for 35 13+ on Self Defence Skills acquisition sessional project through taekwondo and karate to stall attacks on vulnerable girls every Saturday for 2hours from 1300 to 1500 at 1 Matthews Lane M12 4QW, from 04/12/21 – 26/03/22, was successfully delivered, ‘ ’Re-Focus Project’s’’ impacts are:
➢ 1. 35 young girls 13+ build new friendships, leant how to work within groups, planned their time, sharpened interpersonal skills, and learnt social skills needed to develop relationships with mainstream peers in the community,
➢ 2.65% of girls on the project continue to participate in planned exercises, while 60% continued to exercise for more than 4 hours weekly on our social sporting activities, dance class and yoga activities
➢ Digital Academy Project delivered employability skill training program for more than 45 disadvantaged people from BAME communities of Gorton, Levenshulme, Longsight etc was successfully delivered with positive outcomes such as getting more than 55% of participants back to work, 75% learnt new ICT/digital skills required to be competitive in the marketplace
➢ Level Up Stay Up' Project’’ (LSP) was a six-month project successfully delivered, it was specifically targeted at young people from diverse ethnic communities in Gorton, Longsight and Levenshulme.
➢ Others are: Digital Academy Project funded by Truing Scheme see
➢ https://www.facebook.com/photo/?fbid=355642123234994&set= a.355642083234998
➢ https://fb.watch/cxw-V-DT0c/
➢ Success stories and impact:
➢ More than 60% of local BAME-led organisations have had to suspend their services and have approached us for support to provide a social space for vulnerable local BAME people who have been hardest hit by the impact of COVID-19. We collaborated with 10 local people aged 13+ to conceptualise ''TCP'' , providing a safe place for disadvantaged young people to engage in 5 aside football activities in a safe space.
➢ ‘’Global Vision Initiative’s projects was one of the best experiences of my life, I really had a great time here and I really enjoyed the COVID-19 awareness sessions but most importantly I think is the connection with other people. It was just amazing for me to meet all these people, from so many social backgrounds and we are all so different we all have different backgrounds, different cultures we have different languages but here we are kind of all the same and everyone was so kind and so warm, and you could feel this joy this happiness all the time around you.’’
➢ (Feedback from ‘’LUP’’ participants)

Section E

GVI’s restricted and unrestricted reserves (savings) are set aside for Brief statement of the specific purposes and will not be used for day-to-day operations as organisation policy clearly stated in our reserves policy and financial reports. on reserves

Further financial review details

Grants/funds
• principal sources of funds • how expenditure has By following a strict financial policy and procedures regarding cost
supported the key objectives control and ensuring all outflows are controlled by management
of the organisation; members (Chairperson, Secretary & Treasurer) before they are committed. GVI was able to effectively deliver key project objectives in 2021/2022 financial year.

Section G

The management team declare that they have approved the report above.

Signed on behalf of members.

Signature

Full name AYODEJI OLOFINTILA

Position (e.g. Secretary, Chair, CHAIR etc)

Date 18/04/2022

GLOBAL VISION INITATIVE (FORMERLY 2020 LEADERSHIP INITIATIVE) Profit and Loss Account

For the year ended 31 March 2022

Notes Donations and Grants Less:Project Planning Co-ordination, Monitoring & Evaluation Net Income Administrative expenses Net Profit/(Loss)	2022 £ 162,528 (144,921) 17,607 (15,413) 2,194	2021 £ 105,227 (98,446)
		6,781 (6,662)
		119

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GLOBAL VISION INITATIVE(FORMERLY 2020 LEADERSHIP INITIATIVE) Balance Sheet

As at 31 March 2022

Notes Fixed assets Intangible fixed assets 2 Tangible fixed assets 3 Current assets Cash at bank Creditors: amount falling due within one year 4 Net current liabilities Total assets less current liabilities Net assets Capital Account Accumulated Fund bf Net profit/loss	2022 £ 10,000 8,569 18,569 28,310 (43,799) (15,489) 3,080 3,080 886 2,194 3,080	2021 £ 10,000 7,254 17,254 4,378 (20,746)
		(16,368)
		886
		886
		767 119
		886

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GLOBAL VISION INITATIVE (FORMERLY 2020 LEADERSHIP INITIATIVE) Notes to the Financial Statements

For the year ended 31 March 2022

• Accounting basis

Tangible fixed assets

Tangible fixed assets, , are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment, Fixtures and Fittings

10% Reducing Balance

➢ Intangible fixed assets

ntangible fixed assets
Cost At 01 April 2021 Additions Disposals At 31 March 2022 Amortisation At 01 April 2021 Charge for year On disposals At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021	Programme Development Costs £ - 10,000 - 10,000 - - - - 10,000 -	Total £ - 10,000 -
		10,000
		- - -
		-
		10,000
		-

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GLOBAL VISION INITATIVE (FORMERLY 2020 LEADERSHIP INITIATIVE) Notes to the Financial Statements

For the year ended 31 March 2022

➢ Tangible fixed assets

Cost At 01 April 2021 Additions Disposals At 31 March 2022 Depreciation At 01 April 2021 Charge for year On disposals At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021	Computer Equipment, Fixtures and Fittings £ 7,254 2,267 - 9,521 - 952 - 952 8,569 7,254	Total £ 7,254 2,267 -
		9,521
		- 952 -
		952
		8,569
		7,254

• Creditors: amount falling due within one year

Trade Creditors- Project Expenditure Bank Loans & Overdrafts (Secured) PAYE & Social Security Accrued Expenses Other Creditors	2022 £ 10,000 12,173 51 1,070 20,505 43,799	2021 £ 221 14,000 - 790 5,735
		20,746

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GLOBAL VISION INITATIVE (FORMERLY 2020 LEADERSHIP INITIATIVE) Detailed Profit and Loss Account

For the year ended 31 March 2022

Donations and Grants Global Vision Initiative (Unrestricted) Donations & Grants Received (Speciall Projects) Active Youth Foundation I Care Less: Project Planning Co-ordination, Monitoring & Evaluation Trainers, Co-ordinators, Team Leaders Flights Events, Venue Hire Promotion & Adverts. Special Project Expenses Active Youth Foundation- Project Expenditure I Care- Project Expenditure Net Income Administrative expenses Wages & Salaries Accountancy Fees Travel & Subsistence - Local Depreciation Charge: Fixtures & Fittings Telephone, Fax & Internet Sundry Expenses Net Profit/(Loss)	2022 £ 126,993 - 27,005 8,530 162,528 67,136 38,921 1,919 - 28,418 8,527 (144,921) 17,607 6,319 780 3,773 952 386 3,203 (15,413) 2,194	2021 £ 101,626 3,601 - - 105,227 54,540 37,528 2,579 3,799 - - (98,446) 6,781 - 840 1,546 806 269 3,201 (6,662) 119	2021 £ 101,626 3,601 - -

			119

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