Registered number: Charity number: 1182367
## ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACHIEVING GOALZ AND DREAMS (A company limited by guarantee)
## CONTENTS
||Page|
|---|---|
|Reference and administrative details of the Charity, its Trustees and advisers|1|
|Trustees' report|2 - 3|
|Trustees' responsibilities statement|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7 - 8|
|Notes to the financial statements|9 - 19|
ACHIEVING GOALZ AND DREAMS (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022
|Trustees|Surinder Kaur|
|---|---|
||Lynne Page|
||Andippe Purewal|
||Charlotte Keogh|
||Karamjit Singh|
Charity registered number 1182367 Registered office 35 Foster Avenue Hednesford Cannock WS12 4HN
Page 1
## ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
## Aims
1. Continue to build on current and new partnerships (particularly Virtual Schools).
2. Continue to keep in regular contact with schools, community programmes and new business.
3. Deliver Easter, Summer and Winter HAF programme (one funding bid).
4. Employ 3 x sessional coaches.
5. Integrate Debbie into the admin staff.
## Objectives
1. Work with all partners to offer school programmes.
2. Continue to grow business and endeavour to grow P.E. programmes in schools.
3. Endeavour to make better use of vehicles and transport young people to sessions.
4. Cut down on hire expenses and fuel costs for two vehicles.
## Achievements
1. Outstanding SPACE, HAF and Locality Fund programmes. AGD have a nucleus of 200 young people who regularly attend AGD programmes week-to-week.
2. AGD have over 1,400 names from various programmes.
3. Positive success and attendances from ASB programmes at Cardinal Griffin, SUA and Fives.
4. AGD had over 1,400 young persons attend the SPACE programme (record numbers) and approximately 1,000 young persons attend the HAF programme.
5. Various congratulations and compliments from funders and partners (Police Crime Commissioner’s office and Staffordshire County Council).
6. Bal has been congratulated on the work with Virtual Schools and having a regular contract with Chase Community School.
7. Bal in partnership with AGD has purchased the 7-seater vehicle to transport young people to venues such as football matches, cricket events and boxing matches.
## Future Plans
1. Secure extra funding for HAF programme (covering Easter, Summer and Winter).
2. Increase client base (including Grow Your Own projects and other Cannock Chase Council funded directives).
3. Prepare activities for SPACE 2023 programme.
4. Work with other two care homes alongside Queens Ridge.
5. Work with Staffordshire Police on any new ASB projects.
6. Approach National Lottery for any funding streams.
Page 2
## ACHIEVING GOALZ AND DREAMS
## (A company limited by guarantee)
## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual report together with the financial statements of Achieving Goalz and Dreams for the year 1 January 2022 o 31 December 2022.The Annual report serves the purpose of both a Trustee’ report and a directors’ report under company law. The Trustees confirm the Annual report and the financial statements of the charitable company comply with the current statutory requirements, the requirements of the company’s governing document and the provision of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of a medium and large copmanies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulation 2013 has been omitted.
## Structure, Governance and Management
Achieving Goalz and Dreams was registered as a Charitable Incorporated Organisation on 7 March 2019. The governing document is the Constitution. The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terns of the Constitution.
## Public Benefit
In setting objectives and planning for activities, the Trustees have given due consideration to the general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.
## Financial Review
Our income was £102,850 and expenditure £87,215. General unrestricted funds are £5,749.
## Reserves policy
The company aims to hold general (unrestricted) reserves of three months running costs.
Approved by order of the members of the board of Trustees on 30 November 2023 and signed on their behalf by:
Andippe Purewal (Trustee)
Page 3
## ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they 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 these 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 (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 30 November 2023 and signed on its behalf by:
Andippe Purewal (Trustee)
Page 4
ACHIEVING GOALZ AND DREAMS (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
## Independent examiner's report to the Trustees of Achieving Goalz and Dreams ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2022.
## Responsibilities and basis of report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
Signed: Melissa Smith
Dated: 30 November 2023
CIMA dip MA, MAAT
172 Lawnswood Road Stourbridge DY8 5LW
Page 5
ACHIEVING GOALZ AND DREAMS (A company limited by guarantee)
## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022
|Note
Income from:
Charitable activities
3
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward|Unrestricted
funds
2022
£
26,487
26,487
10,852
10,852
15,635
(9,886)
15,635
5,749|Restricted
funds
2022
£
76,363
76,363
76,363
76,363
-
-
-
-|Total
funds
2022
£
102,850
102,850
87,215
87,215
15,635
(9,886)
15,635
5,749|Total
funds
2021
£
31,716
31,716
37,761
37,761
(6,045)
(3,841)
(6,045)
(9,886)|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 19 form part of these financial statements.
Page 6
(A company limited by guarantee) REGISTERED NUMBER:
## ACHIEVING GOALZ AND DREAMS
## BALANCE SHEET AS AT 31 DECEMBER 2022
|Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current liabilities
Total assets less current liabilities
Net assets / liabilites excluding pension
asset
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds|4,926
7,793
12,719
(29,053)|2022
£
22,083
22,083
(16,334)
5,749
5,749
5,749
-
5,749
5,749|2,478
6,403
8,881
(19,873)|2021
£
1,106
1,106
(10,992)
(9,886)
(9,886)
(9,886)
-
(9,886)
(9,886)|
|---|---|---|---|---|
Page 7
## ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee) REGISTERED NUMBER:
## BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2022
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 30 November 2023 and signed on their behalf by:
Andippe Purewal (Trustee)
The notes on pages 9 to 19 form part of these financial statements.
Page 8
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 1. General information
The company is registered as a charitable company limited by guarantee and was set up by a Constitution in 5 March 2019.
## 2. Accounting policies
## 2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Achieving Goalz and Dreams 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.
## 2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## 2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## 2.4 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 9
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 2. Accounting policies (continued)
## 2.4 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
Plant and machinery - 25% Straight line Motor vehicles - 10% Straight line
## 2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## 2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## 2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## 2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## 2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 10
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 3. Income from charitable activities
|Unrestricted
funds
2022
£
Income from charitable activities - Sport
Activities
-
Income from charitable activities - Grants
26,487
26,487
Total 2021
5,625|Restricted
funds
2022
£
76,363
-
76,363
26,091|Total
funds
2022
£
76,363
26,487
102,850
31,716|Total
funds
2021
£
26,091
5,625|
|---|---|---|---|
||||31,716|
|||||
## 4. Grants Received
|The Community Foundation Staffordshire
Cannock Chase District Council
Office of the Police Crime Commissioner Staffordshire
Staffordshire County Council
Together Active|Restricted
funds
2022
£
-
5,600
7,500
60,513
2,750
76,363|Total
funds
2022
£
-
5,600
7,500
60,513
2,750
76,363|Total
funds
2021
£
9,300
4,075
2,500
10,216
-|
|---|---|---|---|
||||26,091|
Page 11
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 5. Analysis of expenditure on charitable activities
## Summary by fund type
|Unrestricted
funds
2022
£
Sport Activities
10,852
Grants
-
10,852
Total 2021
11,670|Restricted
funds
2022
£
-
76,363
76,363
26,091|Total
2022
£
10,852
76,363
87,215
37,761|Total
2021
£
11,670
26,091|
|---|---|---|---|
||||37,761|
|||||
## 6. Analysis of expenditure by activities
|Sport Activities
Grants
Total 2021|Activities
undertaken
directly
2022
£
1,519
76,363
77,882
31,213|Support
costs
2022
£
9,333
-
9,333
6,548|Total
funds
2022
£
10,852
76,363
87,215
37,761|Total
funds
2021
£
11,670
26,091|
|---|---|---|---|---|
|||||37,761|
||||||
Page 12
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 6. Analysis of expenditure by activities (continued)
## Analysis of direct costs
|Room hire
Tutor fees
Activities
Refreshments
Volunteer expenses
Prizes
Travel & subsistence
Clothes
Sundry
Total 2021|Sport
Activities
2022
£
-
-
-
52
-
-
1,343
124
-
1,519
7,039|Grants
2022
£
3,267
35,843
14,850
10,293
999
2,281
8,830
-
-
76,363
24,174|Total
funds
2022
£
3,267
35,843
14,850
10,345
999
2,281
10,173
124
-
77,882
31,213|Total
funds
2021
£
1,249
11,510
3,897
5,858
2,310
971
4,926
453
39|
|---|---|---|---|---|
|||||31,213|
||||||
Page 13
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 6. Analysis of expenditure by activities (continued)
## Analysis of support costs
|Travel & subsistence
Telephone
Stationery
Computer & software
Insurance
Accountancy
Bank charges
Bank interest
Rent
Repairs
Sundry
Depreciation
Subscriptions
Postage
Professional fees
Motor expenses
Bad debt
Total 2021
7.
Independent examiner's remuneration|Sport
Activities
2022
£
645
240
20
246
1,230
-
496
-
312
366
-
2,944
-
-
1,180
659
995
9,333
4,631|Grants
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,917|Total
funds
2022
£
645
240
20
246
1,230
-
496
-
312
366
-
2,944
-
-
1,180
659
995
9,333
6,548|Total
funds
2021
£
-
867
563
207
1,315
575
408
228
312
866
399
551
115
142
-
-
-|
|---|---|---|---|---|
|||||6,548|
||||||
||2022|2021|
|---|---|---|
||£|£|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|1,050|575|
## 8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).
Page 14
(A company limited by guarantee)
## ACHIEVING GOALZ AND DREAMS
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 8. Trustees' remuneration and expenses (continued)
During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - £NIL).
## 9. Tangible fixed assets
|Cost or valuation
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
10.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income
11.
Creditors: Amounts falling due within one year|2022
£
3,865
1,061
4,926|Plant and
machinery
£
2,120
23,920|
|---|---|---|
|||26,040|
|||1,013
2,944|
|||3,957|
|||22,083|
|||1,106|
|||2021
£
2,045
433
2,478|
2022 2021
Page 15
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 11. Creditors: Amounts falling due within one year (continued)
|Bank loans
Other creditors
Accruals and deferred income|2022
£
£
5,000
20,575
3,478
29,053|2021
£
£
5,000
5,910
8,963|
|---|---|---|
||||
|||19,873|
## 12. Financial instruments
||2022|2021|
|---|---|---|
||£|£|
|Financial assets|||
|Financial assets measured at fair value through income and expenditure|7,793|6,403|
Financial assets measured at fair value through income and expenditure comprise of assets held for trading and those financial assets designated as being held at fair value through profit and loss.
Page 16
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 13. Statement of funds
Statement of funds - current year
|Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Funds - all funds
Total of funds|Balance at 1
January
2022
£
(9,886)
-
(9,886)|Income
£
26,487
76,363
102,850|Expenditure
£
(10,852)
(76,363)
(87,215)|Balance at
31
December
2022
£
5,749|
|---|---|---|---|---|
|||||-|
|||||5,749|
Page 17
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 13. Statement of funds (continued)
Statement of funds - prior year
|Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Funds - all funds
Total of funds
14.
Summary of funds
Summary of funds - current year|Balance at
1 January
2021
£
(3,841)
-
(3,841)|Income
£
5,625
26,091
31,716|Expenditure
£
(11,670)
(26,091)
(37,761)|Balance at
31
December
2021
£
(9,886)|
|---|---|---|---|---|
|||||-|
|||||(9,886)|
||||||
|General funds
Restricted funds|Balance at 1
January
2022
£
(9,886)
-
(9,886)|Income
£
26,487
76,363
102,850|Expenditure
£
(10,852)
(76,363)
(87,215)|Balance at
31
December
2022
£
5,749
-|
|---|---|---|---|---|
|||||5,749|
Page 18
ACHIEVING GOALZ AND DREAMS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## 14. Summary of funds (continued)
Summary of funds - prior year
|||||Balance at|
|---|---|---|---|---|
||Balance at|||31|
||1|January||December|
|||2021|Income|Expenditure
2021|
|||£|£|£
£|
|General funds||(3,841)|5,625|(11,670)
(9,886)|
|Restricted funds||-|26,091|(26,091)
-|
|||(3,841)|31,716|(37,761)
(9,886)|
||||||
|Analysis of net assets between funds|||||
|Analysis of net assets between funds - current year|||||
|||||Unrestricted
Total|
|||||funds
funds|
|||||2022
2022|
|||||£
£|
|Tangible fixed assets||||22,083
22,083|
|Current assets||||12,718
12,718|
|Creditors due within one year||||(29,053)
(29,053)|
|Difference||||1
(1)|
|Total||||5,749
5,749|
||||||
|Analysis of net assets between funds - prior year|||||
|||||Unrestricted
Total|
|||||funds
funds|
|||||2021
2021|
|||||£
£|
|Tangible fixed assets||||1,106
1,106|
|Current assets||||8,881
8,881|
|Creditors due within one year||||(19,873)
(19,873)|
|Total||||(9,886)
(9,886)|
## 15. Analysis of net assets between funds
Page 19