Registered Charity Number 1172351
Gospel Oak Action Link Youth Club (GOAL)
Report and Accounts For The Year Ended 31 December 2022
Gospel Oak Action Link Youth Club (GOAL) Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' Report | 2 |
| Statement of trustees' responsibilities | 4 |
| Independent Examiner's report | 6 |
| Statement of Financial Activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 |
Gospel Oak Action Link Youth Club (GOAL) Information
Trustees Adrian Mars Andrew Blow Diana Gallop Frances White John Cochrane Julia Robinson Larraine Revah Maisie Newman Charity Number 1172351 Registered office 14 Woodyard Close London NW5 4BX Accountants Hamilton Coopers Chartered Accountants 66 Earl Street Maidstone Kent ME14 1PS
1
Gospel Oak Action Link Youth Club (GOAL)
The report of the trustees for the year ended 31 December 2022
Introduction
The trustees present their annual report and accounts for the year ended 31st December 2022.
Introduction
Directors and Trustees
The Trustees who served during the year are mentioned as follow
Adrian Mars John Cochrane Andrew Blow Larraine Revah Diana Gallop Frances White (Elected on 28 October 2022) Maisie Newman (Elected on 28.10.2022) Julia Robinson (Elected14.9.2022) Edward Laing (Resigned on 23.06.2022) Adam Khalid (resigned 23.6.22) Tamir Islam (Resigned in January 2022) Sean Titley (Resigned in January 2022)
Structure, governance and management
Structure and Governing document
The Association is a Charitable Incorporated Organization. It was registered as a charity on 30th March 2017.
Gospel Oak Action Link Youth Club is the CIC successor to Gospel Oak Action Link charity (no 1068436) which operated from 1998 -2017. Although registered in 2017, the new CIC did not start operating until January 2018.
Recruitment and appointment of Trustees
The trustees are elected at AGM and at Trustee meetings.
TRUSTEES’ REPORT
Objectives and Activities
For the benefit of the inhabitants of Gospel Oak ward and the neighbourhood ("the area of benefit") by;
-
The advancement of education.
-
The protection and preservation of good health.
-
The protection and preservation and maintenance of the natural and built environment in the area of benefit.
2
Gospel Oak Action Link Youth Club (GOAL)
The report of the trustees
for the year ended 31 December 2022
- The provision of facilities for recreation and leisure time occupation of the said inhabitants in the interests of social welfare and with the object of improving their conditions of life and in particular the provision of such facilities for children and young people to assist them to grow to full maturity as individuals and as members of society.
Review of activities for the past year
Achievements
The year 2022 saw the challenges of Covid restrictions replaced by those of the cost-of-living crisis and many young people facing difficulties in rebuilding social connections after two years of restrictions.
Food, previously an occasional extra in the youth club, became a regular feature and school holiday programmes included a hot lunch to replace school dinners.
Sports proved invaluable in facilitating social mixing with all age groups embracing the opportunity to try out a wide variety of sports including football, basketball, dodgeball, boxing, rounders, badminton, parkour, street cricket. obstacle course, rugby, and street circus. The girls were particularly keen to try out sports such as football and boxing not normally offered to them at school. Partnerships with the Roundhouse and Middlesex County Cricket Club supplemented the work of our sports coaches. The success of the sports programme enabled us to obtain continued funding for the sports development coordinator post. We are fortunate in operating from the Dome with its large indoor sports hall and access to nearby outdoor pitches.
The junior youth club had a particularly successful year with numbers reaching near capacity. In addition to a choice of sports regular activities included arts and crafts, gaming, cooking, gardening, IT and computer building, and sound studio. Holiday programmes over the half term breaks were fully subscribed.
Combining fun after-school activities with something more active, the Girls’ Group for 10–16year-olds offered a female-only, safe, and confidential space for young women to express themselves through activities such as sports and workshops which develop life skills and build confidence. Other activities included cooking, gardening, tie dye, slime making.
Our Off the Hook programme designed to break down barriers between young people and the police had another successful year. Three groups of young people signed up for a 10-week programme of an hour boxing training with police volunteers followed by workshops and a chance to earn AQAs covering issues such as knife crime, stop and search, healthy relationships, and first aid. The programmes finished with a celebration event, presentation of certificates and of course cake.
All sessions are designed with input from the young people participating. We operate from temporary premises in a regeneration area where it is particularly important that young people are able to feed into the future plans for the area. Towards the end of the year a Dome Action Team was set up to lead campaigning and influencing work.
GOALYC works in partnership with Queen’s Crescent Community Association from which we rent the Dome and obtain staff on an agency basis. Youth club activities in the Dome are free to young people. We are grateful to the funders who made this possible: Aldenham Club Trust, Albert Hunt Trust, BBC Children in Need, Fitzdale Trust, Garfield Weston Foundation, Grand Duo Charitable Trust, Hollick Family Foundation, London Borough of Camden, Mary Kinross Charitable Trust, Reel Fund, David Kogan and Leah Schmidt, Coral Samuel Charitable Trust, London Community Foundation, Young Camden Foundation, Michael Palin, Daniel Borin, Ann Wroe and other donors.
3
Gospel Oak Action Link Youth Club (GOAL)
The report of the trustees
for the year ended 31 December 2022
Public Benefit
The charity provides a range of free activities and help into further education or employment for young people aged 8-19 in the Queen's Crescent neighbourhood in the London Borough of Camden. The trustees consider all the charity's activities fall within the definition of public benefit.
Risks
The trustees considered the following risks:
Funding shortfall as costs rise and competition for funds increases. The risk is mitigated by our partnership with QCCA and employment of external fundraisers.
Increased administrative and regulatory demands on trustees by a volunteer-led organisation. Employment of administrative assistance reduced this risk.
Accidents in the Dome. Relevant policies and training are in place and subject to review, staff ratios operate, and adequate insurance is maintained.
Lack of suitable premises from which to operate. The Dome is a temporary building in a regeneration area. Although permanent youth facilities are now included in the Planning Vision for the area, budget pressures on local authorities and rising costs could lead Camden Council to reduce community provision. We will continue lobbying efforts until the permanent facilities are delivered.
Reserves
GOALYC has no guaranteed funding and little forward funding. Reserves policy is to maintain a reserve of £35,000 meet obligations, deal with contingencies and maintain a buffer against any temporary shortfall of funds.
Fundraising from External Sources
GOALYC’s income comes from grants and donations. The fundraising role is shared between trustees, staff and external fundraisers.
We would like to thank all our funders, staff members and volunteers for all their hard work and support over the past year.
Statement of Trustees Responsibilities
The Trustees are aware that Charity law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure for that period. In preparing those financial statements, the Trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the charities SORP;
-
make judgments and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business.
4
Gospel Oak Action Link Youth Club (GOAL)
The report of the trustees for the year ended 31 December 2022
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Method of preparation of accounts
The accounts have been prepared in accordance with the charity’s Memorandum and Articles of Association and comply with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities Act 2011.
Sep 13, 2023
This report was approved by the Board of Trustees on ….................. and signed on its behalf by:
Dinah Gallop (Sep 13, 2023 11:22 GMT+1)
Diana Gallop Trustee
5
Chartered Accountants' independent assurance report on the unaudited accounts of Gospel Oak Action Link Youth Club (GOAL)
To the Board of Directors of Gospel Oak Action Link Youth Club (GOAL) ('the Company')
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 7 to 12.
Responsibilities and basis of report
As the charity's trustees 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 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 my 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:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
2 the accounts do not accord with those records; or
-
3 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.
Asim Malik, FCA Chartered Accountant
Date Sep 13, 2023 …..................
Hamilton Coopers
Chartered Accountants 66 Earl Street Maidstone Kent ME14 1PS
6
Gospel Oak Action Link Youth Club (GOAL)
Statement of Financial Activities (including consolidated income and expenditure account) for the year ended 31 December 2022
| UnrestrictedDesignatedRestricted | UnrestrictedDesignatedRestricted | UnrestrictedDesignatedRestricted | Total | Last Year | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Total Funds | |||
| Notes | 2022 | 2022 | 2022 | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | |||
| Incoming resources | |||||||
| Incoming resources from generated funds | |||||||
| Voluntary Income | 5 | 54,073 | - | 34,259 | 88,332 | 101,301 | |
| Investment Income | 6 | 168 | - | - | 168 | 13 | |
| Total incoming resources | 54,241 | - | 34,259 | 88,500 | 101,314 | ||
| Costs of charitable activities | 44,341 | - | 41,276 | 85,617 | 96,925 | ||
| Governance costs | 900 | - | - | 900 | 840 | ||
| Total resources expended | 45,241 | - | 41,276 | 86,517 | 97,765 | ||
| Net income/expenditure | |||||||
| before transfers between funds | 9,000 | - | (7,017) | 1,983 | 3,549 | ||
| Gross transfers between funds | (16,647) | 19,500 | (2,853) | - | - | ||
| Net movement in funds | (7,647) | 19,500 | (9,870) | 1,983 | 3,549 | ||
| Reconciliation of funds | |||||||
| Total funds brought forward | 83,593 | 45,000 | 12,712 | 141,305 | 137,756 | ||
| Total Funds carried forward | 75,946 | 64,500 | 2,842 | 143,288 | 141,305 |
All activities derive from continuing operations
The notes on pages 9 to 12 form an integral part of these accounts.
7
Gospel Oak Action Link Youth Club (GOAL) Company Number Balance Sheet as at 31 December 2022
| Current assets Debtors 7 Cash at bank and in hand Total current assets Creditors:- amounts due within one year 8 Net current assets Total assets less current liabilities Creditors:- amounts due after more than one year Net assets The funds of the charity : 9 Unrestricted funds Designated funds Restricted funds Total charity funds |
£ £ - 176,955 176,955 (33,667) 143,288 143,288 - 143,288 75,946 64,500 2,842 143,288 2022 |
£ £ 108 186,341 186,449 (45,144) 141,305 141,305 - 141,305 83,593 45,000 12,712 141,305 2021 |
|---|---|---|
Approved by the board of trustees and authorised for the issuance on …................. Sep 13, 2023
Dinah Gallop (Sep 13, 2023 11:22 GMT+1)
Diana Gallop Trustee
The notes on pages 9 to 12 form an integral part of these accounts.
8
Gospel Oak Action Link Youth Club (GOAL) Notes to the Accounts for the year ended 31 December 2022
1 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are setout below and have remained unchanged from the previous year and have also been consistently applied within the same accounts with the exception of the following.
Accounting convention
a) Basis of preparation and assessment of going concern:
The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - Charities SORP (FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) .
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Incoming Resources
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants
It is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income from charitable activities includes primary purpose trading
Income from charitable activities includes primary purpose trading, income earned both from the supply of goods or services under contractual arrangements or grant agreements, which have conditions that specify the provision of particular goods or services to be provided and undertaken for the charitable purposes of the charity.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
9
Gospel Oak Action Link Youth Club (GOAL) Notes to the Accounts for the year ended 31 December 2022
Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the consortium's work or for specific projects being undertaken by the charity.
Expenditure recognition
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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.
Debtors
Debtors are recognised at the settlement recoverable amount due. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes is held to meet short-term cash commitments as they fall due rather than for investment purposes and may include short-term deposits.
Creditors, deferrals and provisions
Creditors and provisions are liabilities where we have a present obligation to a third party that we shall normally pay by cash. Provisions are measured or estimated as reliably as possible.
Where performance-related conditions are specified in a grant, the income will only be recognised to the extent that the charity has provided the facility or service. Any income received in advance of the conditions being met are deferred and shown under creditors.
2 Winding up or dissolution of the charity
The charity can be wound up by resolution of its members. Any remaining assets must be applied for charitable purposes the same as or similar to those of the CIO.
| 3 | Surplus for the financial year | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| This is stated after crediting :- | |||
| Revenue Turnover from ordinary activities | 88,332 | 101,301 | |
| and after charging:- | |||
| Independent Examiner's Fees | 900 | 840 |
10
Gospel Oak Action Link Youth Club (GOAL) Notes to the Accounts for the year ended 31 December 2022
- 4 Statement that no expenses were paid to trustees or connected persons Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year.
5 Detailed analysis of certain transactions required by the 2005 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2005 and revised May 2008)
| Unrestricted funds 2022 £ Incoming resources Incoming resources from generated funds BBC Children in Need - Camden Resilience Fund - Garfield Weston Foundation - Albert Hunt Trust 2,000 Camden Council Youth Safety Fund - London Borough of Camden (CIL) - Awards for All Hollick Family Foundation Others - Other unrestricted grants 24,500 Donations 27,573 54,073 6 Investment Income Bank deposit interest received 7 Debtors Other Debtors 8 Creditors: amounts falling due within one year Accrued expenses Deferred income and grants in advance |
Restricted funds 2022 £ 4,968 7,616 11,875 - - - 5,000 4,800 - 34,259 |
Total funds 2022 £ 4,968 7,616 11,875 2,000 - - - 5,000 4,800 24,500 27,573 88,332 2022 £ 168 2022 £ - 2022 £ 6,658 27,009 33,667 |
Total funds 2021 £ 4,968 - - 22,500 22,562 8,900 - 3,800 14,000 24,571 101,301 2021 £ 13 2021 £ 108 2021 £ 20,038 25,106 45,144 |
|---|---|---|---|
11
Gospel Oak Action Link Youth Club (GOAL) Notes to the Accounts for the year ended 31 December 2022
| 9 | Particulars of Individual Funds and analysis of | Particulars of Individual Funds and analysis of | assets and liabilities representing funds | assets and liabilities representing funds | assets and liabilities representing funds |
|---|---|---|---|---|---|
| At 31 December 2022 | Unrestricted | Designated | Restricted | Total | |
| funds | funds | funds | Funds | ||
| £ | £ | £ | £ | ||
| Current Assets | 109,613 | 64,500 | 2,842 | 176,955 | |
| Current Liabilities | (33,667) | - | - | (33,667) | |
| 75,946 | 64,500 | 2,842 | 143,288 | ||
| At 1 January 2022 | Unrestricted | Designated | Restricted | Total | |
| Current Assets | funds £ 128,737 |
funds £ 45,000 |
funds £ 12,712 |
Funds £ 186,449 |
|
| Current Liabilities | (45,144) | - | - | (45,144) | |
| 83,593 | 45,000 | 12,712 | 141,305 | ||
| The individual funds included above are :- | |||||
| Santander | Funds at 2021 £ 1,320 |
Movements in Funds as below £ - |
Transfers Between funds £ - |
Funds at 2022 £ 1,320 |
|
| BBC Children In Need | 5,838 | (6,237) | 1,921 | 1,522 | |
| Garfield Weston Foundation | 2 | 87 | (89) | - | |
| Albert Hunt Trust | - | 2,000 | (2,000) | - | |
| Awards for All | 1,200 | (1,200) | - | ||
| Aldenham Club | - | 8 | (8) | - | |
| Fitzdale | - | (1,715) | 1,715 | - | |
| Hollick Family Foundation | (160) | 160 | - | ||
| Camden Youth Fund | 4,352 | (4,352) | - | ||
| Designated funds | 45,000 | - | 19,500 | 64,500 | |
| Unrestricted | 83,593 | 8,000 | (15,647) | 75,946 | |
| 141,305 | 1,983 | - | 143,288 |
Analysis of movements in funds as shown in the table above
| BBC Children In Need Camden Resilience Fund Garfield Weston Foundation Albert Hunt Trust Aldenham Club Fitzdale Hollick Family Foundation Unrestricted |
Incoming Resources £ 4,968 7,616 11,875 2,000 2,500 1,300 5,000 53,241 88,500 |
Outgoing Resources £ (11,205) (7,616) (11,788) - (2,492) (3,015) (5,160) (45,241) (86,517) |
Gains & Losses £ - - - - - - |
Movement in funds £ (6,237) - 87 2,000 8 (1,715) (160) 8,000 1,983 |
|---|---|---|---|---|
The Board of Trustees has agreed to part fund key management posts and the junior youth club out of free reserves up to the value of £20,000.
12