V
## **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**
|1
2
3|**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
1
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.
~~➢~~
2
- ➢ 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
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## 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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