Registered Charity Number 1172351
Report and Accounts For The Year Ended 31 December 2023
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 Audrey Thomas (appointed on 06 April 2024) Andrew Blow (resigned on 31.05.2024) Diana Gallop Frances White James Robin (appointed on 06 April 2024) John Cochrane (resigned 30.6.2024) Julia Robinson (resigned on 31.01.2024) Larraine Revah Maisie Newman (resigned on 31.01.2024) 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 2023
Introduction
The trustees present their annual report and accounts for the year ended 31st December 2023.
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 Maisie Newman Julia Robinson
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.
-
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.
2
Gospel Oak Action Link Youth Club (GOAL)
The report of the trustees for the year ended 31 December 2023
Review of activities for the past year
Achievements
Activities in the Youth Club in 2023 were framed by the continuing cost of living crisis with many families struggling to fund essentials. The Dome Youth Club (a joint venture between GOAL YC and partners Queen’s Crescent Community Association) is free and provides a varied programme of activities and sports for young people with food on offer at most sessions.
Young people play a key role in designing our programmes with the Dome Action team meeting monthly to ensure services are shaped by young people’s ideas.
Sport continued to play an important part in our programmes with all sessions and holiday programmes offering young people a chance to get active and try new sports as well as honing their skills in old favourites. Female-only weekly sessions offered girls who may be reluctant to take part in mixed sessions to enjoy a range of sporting opportunities.
Partnerships with Middlesex County Cricket Club, Bloomsbury Football Club and the Roundhouse continued to be very popular. Young people had the opportunity to enjoy watching a live football and basket game and to enjoy sports which cannot be offered in the Dome such as ice skating and swimming.
Both the Girls’ Group and the Junior Youth Club enjoyed a series of projects based around food which achieved learning objectives and produced a meal as a result. Young people ate meals they prepared with their friends and took ingredients and recipe sheets home to cook with their parents/carers. Other activities included gardening, music studio, art and mural making, play station, tie and dye, beading, snooker, table tennis and workshops.
Our Off the Hook programme, designed to break down barriers between young people and the Police, attracted both interest and support. Young people and volunteer police officers get to know each other through a programme of demanding boxing training followed workshops, discussions and talks.
During the year trustees considered how, as a volunteer-led charity, GOALYC could continue to thrive in an increasingly complex and competitive environment. Funding was obtained for specialist support in 2024.
GOAL Youth Club operates on a jigsaw of grants and donations. In 2023 we were grateful for the support of Aldenham Club Trust, Barclays Community Football, BBC Children in Need, Fitzdale Trust, Garfield Weston Foundation, Grand Duo Charitable Trust, Hollick Family Foundation, Jack Petchey Foundation, London Borough of Camden, Mary Kinross Charitable Trust, Reel Fund, David Kogan and Leah Schmidt, Sport Ed, London Community Foundation, Young Camden Foundation, Michael Palin, Daniel Borin, Ann Wroe, local donors and the organisers of our annual fundraising concert.
3
Gospel Oak Action Link Youth Club (GOAL)
The report of the trustees
for the year ended 31 December 2023
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 and funding obtained for more wideranging support in 2024.
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 2023
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.
12/08/2024
This report was approved by the Board of Trustees on …................... and signed on its behalf by:
Diana Gallop Trustee Treasurer 2023
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 2023 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 12/08/2024…...................
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 2023
| UnrestrictedDesignatedRestricted | UnrestrictedDesignatedRestricted | UnrestrictedDesignatedRestricted | Total | Last Year | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Total Funds | |||
| Notes | 2023 | 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | |||
| Incoming resources | |||||||
| Incoming resources from generated funds | |||||||
| Voluntary Income | 5 | 59,763 | - | 41,808 | 101,571 | 88,332 | |
| Investment Income | 6 | 1,555 | - | - | 1,555 | 168 | |
| Total incoming resources | 61,318 | - | 41,808 | 103,126 | 88,500 | ||
| Costs of charitable activities | 50,339 | 4,500 | 22,630 | 77,469 | 85,617 | ||
| Governance costs | 960 | - | - | 960 | 900 | ||
| Total resources expended | 51,299 | 4,500 | 22,630 | 78,429 | 86,517 | ||
| Net income/expenditure | |||||||
| before transfers between funds | 10,019 | (4,500) | 19,178 | 24,697 | 1,983 | ||
| Gross transfers between funds | (920) | - | 920 | - | - | ||
| Net movement in funds | 9,099 | (4,500) | 20,098 | 24,697 | 1,983 | ||
| Reconciliation of funds | |||||||
| Total funds brought forward | 75,946 | 64,500 | 2,842 | 143,288 | 141,305 | ||
| Total Funds carried forward | 85,045 | 60,000 | 22,940 | 167,985 | 143,288 |
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 2023
| 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 |
£ £ 8,909 220,936 229,845 (61,860) 167,985 167,985 - 167,985 85,045 60,000 22,940 167,985 2023 |
£ £ - 176,955 176,955 (33,667) 143,288 143,288 - 143,288 75,946 64,500 2,842 143,288 2022 |
|---|---|---|
Approved by the board of trustees and authorised for the issuance on …...................12/08/2024
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 2023
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 2023
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 | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| This is stated after crediting :- | |||
| Revenue Turnover from ordinary activities | 101,571 | 88,332 | |
| and after charging:- | |||
| Independent Examiner's Fees | 960 | 900 |
10
Gospel Oak Action Link Youth Club (GOAL) Notes to the Accounts for the year ended 31 December 2023
- 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 2023 £ Incoming resources Incoming resources from generated funds BBC Children in Need - Young Camden Winter YCF Small and mighty Fitzdale Reel Camden Resilience Fund - Garfield Weston Foundation - Albert Hunt Trust 2,500 Hollick Family Foundation Others - Other unrestricted grants 30,500 Donations 26,763 59,763 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 2023 £ - 2,699 5,000 3,000 6,100 16,384 3,125 - 5,000 500 - 41,808 |
Total funds 2023 £ - 2,699 5,000 3,000 6,100 16,384 3,125 2,500 5,000 500 30,500 26,763 101,571 2023 £ 1,555 2023 £ 8,909 2023 £ 1,860 60,000 61,860 |
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 |
|---|---|---|---|
11
Gospel Oak Action Link Youth Club (GOAL) Notes to the Accounts for the year ended 31 December 2023
| 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 2023 | Unrestricted | Designated | Restricted | Total | |
| funds | funds | funds | Funds | ||
| £ | £ | £ | £ | ||
| Current Assets | 146,905 | 60,000 | 22,940 | 229,845 | |
| Current Liabilities | (61,860) | - | - | (61,860) | |
| 85,045 | 60,000 | 22,940 | 167,985 | ||
| At 1 January 2023 | Unrestricted | Designated | Restricted | Total | |
| Current Assets | funds £ 109,613 |
funds £ 64,500 |
funds £ 2,842 |
Funds £ 176,955 |
|
| Current Liabilities | (33,667) | - | - | (33,667) | |
| 75,946 | 64,500 | 2,842 | 143,288 | ||
| The individual funds included above are :- | |||||
| Santander | Funds at 2022 £ 1,320 |
Movements in Funds as below £ - |
Transfers Between funds £ - |
Funds at 2023 £ 1,320 |
|
| Children in Need | 1,522 | - | (1,522) | - | |
| Young Camden Winter | - | 304 | - | 304 | |
| Camden Council Winter | - | 191 | - | 191 | |
| Camden Resilience Fund | - | 7,558 | 1,442 | 9,000 | |
| Garfield Weston Foundation | - | (1,000) | 1,000 | - | |
| Reel | - | 5,432 | - | 5,432 | |
| Fitzdale | - | 1,652 | - | 1,652 | |
| Hollick | - | 5,000 | - | 5,000 | |
| Misc | - | 41 | - | 41 | |
| Designated funds | 64,500 | (4,500) | - | 60,000 | |
| Unrestricted | 75,946 | 10,019 | (920) | 85,045 | |
| 143,288 | 24,697 | - | 167,985 |
Analysis of movements in funds as shown in the table above
| Young Camden Winter Camden Council Winter Camden Resilience Fund Garfield Weston Foundation Reel Fitzdale YCF Small and Mighty Hollick Misc Designated funds Unrestricted |
Incoming Resources £ 1,749 950 16,384 3,125 6,100 3,000 5,000 5,000 500 61,318 103,126 |
Outgoing Resources £ (1,445) (759) (8,826) (4,125) (668) (1,348) (5,000) - (459) (4,500) (51,299) (78,429) |
Gains & Losses £ - - - - - - |
Movement in funds £ 304 191 7,558 (1,000) 5,432 1,652 - 5,000 41 (4,500) 10,019 24,697 |
|---|---|---|---|---|
12
Registered Charity Number 1172351
Report and Accounts For The Year Ended 31 December 2023
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 Audrey Thomas (appointed on 06 April 2024) Andrew Blow (resigned on 31.05.2024) Diana Gallop Frances White James Robin (appointed on 06 April 2024) John Cochrane (resigned 30.6.2024) Julia Robinson (resigned on 31.01.2024) Larraine Revah Maisie Newman (resigned on 31.01.2024) 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 2023
Introduction
The trustees present their annual report and accounts for the year ended 31st December 2023.
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 Maisie Newman Julia Robinson
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.
-
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.
2
Gospel Oak Action Link Youth Club (GOAL)
The report of the trustees for the year ended 31 December 2023
Review of activities for the past year
Achievements
Activities in the Youth Club in 2023 were framed by the continuing cost of living crisis with many families struggling to fund essentials. The Dome Youth Club (a joint venture between GOAL YC and partners Queen’s Crescent Community Association) is free and provides a varied programme of activities and sports for young people with food on offer at most sessions.
Young people play a key role in designing our programmes with the Dome Action team meeting monthly to ensure services are shaped by young people’s ideas.
Sport continued to play an important part in our programmes with all sessions and holiday programmes offering young people a chance to get active and try new sports as well as honing their skills in old favourites. Female-only weekly sessions offered girls who may be reluctant to take part in mixed sessions to enjoy a range of sporting opportunities.
Partnerships with Middlesex County Cricket Club, Bloomsbury Football Club and the Roundhouse continued to be very popular. Young people had the opportunity to enjoy watching a live football and basket game and to enjoy sports which cannot be offered in the Dome such as ice skating and swimming.
Both the Girls’ Group and the Junior Youth Club enjoyed a series of projects based around food which achieved learning objectives and produced a meal as a result. Young people ate meals they prepared with their friends and took ingredients and recipe sheets home to cook with their parents/carers. Other activities included gardening, music studio, art and mural making, play station, tie and dye, beading, snooker, table tennis and workshops.
Our Off the Hook programme, designed to break down barriers between young people and the Police, attracted both interest and support. Young people and volunteer police officers get to know each other through a programme of demanding boxing training followed workshops, discussions and talks.
During the year trustees considered how, as a volunteer-led charity, GOALYC could continue to thrive in an increasingly complex and competitive environment. Funding was obtained for specialist support in 2024.
GOAL Youth Club operates on a jigsaw of grants and donations. In 2023 we were grateful for the support of Aldenham Club Trust, Barclays Community Football, BBC Children in Need, Fitzdale Trust, Garfield Weston Foundation, Grand Duo Charitable Trust, Hollick Family Foundation, Jack Petchey Foundation, London Borough of Camden, Mary Kinross Charitable Trust, Reel Fund, David Kogan and Leah Schmidt, Sport Ed, London Community Foundation, Young Camden Foundation, Michael Palin, Daniel Borin, Ann Wroe, local donors and the organisers of our annual fundraising concert.
3
Gospel Oak Action Link Youth Club (GOAL)
The report of the trustees
for the year ended 31 December 2023
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 and funding obtained for more wideranging support in 2024.
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 2023
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.
12/08/2024
This report was approved by the Board of Trustees on …................... and signed on its behalf by:
Diana Gallop Trustee Treasurer 2023
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 2023 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 12/08/2024…...................
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 2023
| UnrestrictedDesignatedRestricted | UnrestrictedDesignatedRestricted | UnrestrictedDesignatedRestricted | Total | Last Year | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Total Funds | |||
| Notes | 2023 | 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | |||
| Incoming resources | |||||||
| Incoming resources from generated funds | |||||||
| Voluntary Income | 5 | 59,763 | - | 41,808 | 101,571 | 88,332 | |
| Investment Income | 6 | 1,555 | - | - | 1,555 | 168 | |
| Total incoming resources | 61,318 | - | 41,808 | 103,126 | 88,500 | ||
| Costs of charitable activities | 50,339 | 4,500 | 22,630 | 77,469 | 85,617 | ||
| Governance costs | 960 | - | - | 960 | 900 | ||
| Total resources expended | 51,299 | 4,500 | 22,630 | 78,429 | 86,517 | ||
| Net income/expenditure | |||||||
| before transfers between funds | 10,019 | (4,500) | 19,178 | 24,697 | 1,983 | ||
| Gross transfers between funds | (920) | - | 920 | - | - | ||
| Net movement in funds | 9,099 | (4,500) | 20,098 | 24,697 | 1,983 | ||
| Reconciliation of funds | |||||||
| Total funds brought forward | 75,946 | 64,500 | 2,842 | 143,288 | 141,305 | ||
| Total Funds carried forward | 85,045 | 60,000 | 22,940 | 167,985 | 143,288 |
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 2023
| 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 |
£ £ 8,909 220,936 229,845 (61,860) 167,985 167,985 - 167,985 85,045 60,000 22,940 167,985 2023 |
£ £ - 176,955 176,955 (33,667) 143,288 143,288 - 143,288 75,946 64,500 2,842 143,288 2022 |
|---|---|---|
Approved by the board of trustees and authorised for the issuance on …...................12/08/2024
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 2023
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 2023
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 | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| This is stated after crediting :- | |||
| Revenue Turnover from ordinary activities | 101,571 | 88,332 | |
| and after charging:- | |||
| Independent Examiner's Fees | 960 | 900 |
10
Gospel Oak Action Link Youth Club (GOAL) Notes to the Accounts for the year ended 31 December 2023
- 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 2023 £ Incoming resources Incoming resources from generated funds BBC Children in Need - Young Camden Winter YCF Small and mighty Fitzdale Reel Camden Resilience Fund - Garfield Weston Foundation - Albert Hunt Trust 2,500 Hollick Family Foundation Others - Other unrestricted grants 30,500 Donations 26,763 59,763 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 2023 £ - 2,699 5,000 3,000 6,100 16,384 3,125 - 5,000 500 - 41,808 |
Total funds 2023 £ - 2,699 5,000 3,000 6,100 16,384 3,125 2,500 5,000 500 30,500 26,763 101,571 2023 £ 1,555 2023 £ 8,909 2023 £ 1,860 60,000 61,860 |
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 |
|---|---|---|---|
11
Gospel Oak Action Link Youth Club (GOAL) Notes to the Accounts for the year ended 31 December 2023
| 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 2023 | Unrestricted | Designated | Restricted | Total | |
| funds | funds | funds | Funds | ||
| £ | £ | £ | £ | ||
| Current Assets | 146,905 | 60,000 | 22,940 | 229,845 | |
| Current Liabilities | (61,860) | - | - | (61,860) | |
| 85,045 | 60,000 | 22,940 | 167,985 | ||
| At 1 January 2023 | Unrestricted | Designated | Restricted | Total | |
| Current Assets | funds £ 109,613 |
funds £ 64,500 |
funds £ 2,842 |
Funds £ 176,955 |
|
| Current Liabilities | (33,667) | - | - | (33,667) | |
| 75,946 | 64,500 | 2,842 | 143,288 | ||
| The individual funds included above are :- | |||||
| Santander | Funds at 2022 £ 1,320 |
Movements in Funds as below £ - |
Transfers Between funds £ - |
Funds at 2023 £ 1,320 |
|
| Children in Need | 1,522 | - | (1,522) | - | |
| Young Camden Winter | - | 304 | - | 304 | |
| Camden Council Winter | - | 191 | - | 191 | |
| Camden Resilience Fund | - | 7,558 | 1,442 | 9,000 | |
| Garfield Weston Foundation | - | (1,000) | 1,000 | - | |
| Reel | - | 5,432 | - | 5,432 | |
| Fitzdale | - | 1,652 | - | 1,652 | |
| Hollick | - | 5,000 | - | 5,000 | |
| Misc | - | 41 | - | 41 | |
| Designated funds | 64,500 | (4,500) | - | 60,000 | |
| Unrestricted | 75,946 | 10,019 | (920) | 85,045 | |
| 143,288 | 24,697 | - | 167,985 |
Analysis of movements in funds as shown in the table above
| Young Camden Winter Camden Council Winter Camden Resilience Fund Garfield Weston Foundation Reel Fitzdale YCF Small and Mighty Hollick Misc Designated funds Unrestricted |
Incoming Resources £ 1,749 950 16,384 3,125 6,100 3,000 5,000 5,000 500 61,318 103,126 |
Outgoing Resources £ (1,445) (759) (8,826) (4,125) (668) (1,348) (5,000) - (459) (4,500) (51,299) (78,429) |
Gains & Losses £ - - - - - - |
Movement in funds £ 304 191 7,558 (1,000) 5,432 1,652 - 5,000 41 (4,500) 10,019 24,697 |
|---|---|---|---|---|
12
GOAL Youth Club
14 Woodyard Close, London NW5 4BX
Phone: 0207 267 6635 Email: goal@qcca.org.uk
Date 12.082024
Asim Malik, FCA
Hamilton Coopers Chartered Accountants
66 Earl Street
Maidstone Kent ME14 1PS
We confirm to the best of our knowledge and belief, the following representations given to you in connection with your preparation of the financial statements and independent examination for the year ended 31 December 2023
-
We confirm that the charity was entitled to exemption from audit. No notice has been deposited under by members requiring an audit under section 144 of Charity Act 2011 in relation to the audit for the financial year.
-
We acknowledge our responsibility for ensuring preparation of financial statements which give a true and fair view and for making accurate representations to you. All the accounting records have been made available to you and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of trustees and general meetings, have been made available to you.
-
We believe that it is appropriate for the charity’s financial statements to have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity’s needs. We believe that no further disclosures relating to the charity’s ability to continue as a going concern need to be made in the financial statements.
-
We are not aware of any irregularities, including fraud, involving management or employees of the charity; nor are we aware of any breaches or possible breaches of statute, regulations, contracts, [or] agreements [or the charity’s constitution which might prejudice the charity’s going concern status or that might result in the charity suffering significant penalties or other loss]. No allegations of such irregularities, including fraud, or such breaches have come to our notice.
-
The charity has not had nor entered into at any time during the year, any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit facilities) for trustees nor to guarantee or provide security for such matters.
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We are not aware of any transactions with related parties requiring disclosure in the financial statements. Or: All transactions with related parties have been disclosed in the financial statements. We have made available to you all relevant information concerning such transactions and are not aware of any other matters which require disclosure.
-
There have been no events since the balance sheet date which necessitate revision of the figures included in the financial statements or inclusion of a note thereto. Should further material events occur, which may necessitate revision of the figures included in the financial statements or inclusion of a note thereto, we will advise you accordingly.
-
All grants, donations and other incoming resources, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such incoming resources. Restricted grants and donations are as follows/listed overleaf:
We confirm that the above representations are made on the basis of enquiries of trustees and officers with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the above representations to you.
For and on behalf of the board of the Trustees:
D Gallop Treasurer