IT STARTS WITH YOU, IT CONTINUES WITH HER.
CHARITY INFORMATION
TRUSTEES
M Shafaq (Chair) J Licht (appointed May 2022) F Asante (appointed May 2022) H Bennett (appointed May 2022) E Heel (resigned 2023)
D. W. Hulme (appointed May 2022)
BANKERS: NatWest Bank, 235 High Street, Orpington BR6 0NS
BOOKEEPING/ACCOUNTING Nikkita Tew, Beverley Sydney (Member of AAT)
KEY STAFF
GOVERNING DOCUMENT CHARITY
REGISTRATION NUMBER
PRINCIPLE ADDRESS
INDEPEND E NT EXAMINER
WEBSITE WWW.GOALS4GIRLS.CO.UK
Francesca Brown (CEO) Atikah Chowdhury (Senior Administrator) Goals 4 Girls CIO Constitution
Goals 4 Girls CIO 1199301
c/o Sydney Hudson Accountants Unit 410 Bedford Rise, Brickhill Drive, Bedford, MK41 7PH
Sydney Hudson Ltd . Beverley Sydney (MAAT)
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CONTENTS
04 STATEMENT FROM CEO 09 HISTORY OF G4G 16 2024/2025 GOALS
05 STATEMENT FROM 10 OUR MISSION 17 SUMMARY OF
INTERIM CHAIR
ACHIEVEMENT &
PERFORMANCE
06 STATEMENT OF 11 OUR IMPACT 20 FINANCIAL
TRUSTEES’
REVIEW
RESPONSIBILITIES
07 THIS YEAR'S SUCCESSES 12 OUR PURPOSE 26 SUCCESS STORY
08 SPONSORS AND 14 CHARITY
PARTNERS INFORMATION
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HELLO
understand and respect her decision. As we move forward we thank our interim chair for their continued committed to empowering young women in our
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HELLO
From our Interim Chair of Trustees: Daniel Hulme
As the Interim Chair of the Trustees for Goals 4 Girls, it is my privilege to reflect on our first year, a period marked by foundational growth & the establishment of a culture & strategies aimed at sustaining our charity's impactful work. Witnessing the charity's evolution from its inception to its current state has been a remarkable journey. The launch event at the prestigious Emirates Stadium stands as a testament to our growth & the commitment of everyone involved.
Our initial year has been dedicated to laying the groundwork for a sustainable future. This has involved creating a culture within the charity that nurtures growth & development. We have focused on strategic planning to ensure that we have a solid base upon which to build our future initiatives & extend our reach. The macro-environment presents various uncertainties, & fundraising continues to be a significant challenge. The Board is fully aware of the scale of these challenges. Our responsibility is to ensure the delivery of effective services that continue to support and break down barriers for young women and girls in underserved communities.
Despite these challenges, I am confident in Francesca's ability to implement a strategy that pivots towards a growth agenda and stabilises our finances. The past 12 months have been testing, and we anticipate further challenges, especially in securing funding. However, I am proud to be part of shaping the charity’s scalability and steering its future work. Our collaboration with Arsenal FC for the charity's launch was a strategic move, involving our communities and directly benefiting the young women and girls we serve. Buoyed by the success of the Xero campaign, Goals 4 Girls is poised to leverage this momentum. We aim to build on this heightened awareness, turning it into sustained support and engagement. The campaign has laid a foundation for us to
expand our reach, develop new programs, and continue breaking down barriers for young women and girls in underserved communities.
Another significant step has been our application to become part of the Mayor of London's accredited mentoring network.
This move holds great promise for reaching more young women and girls within educational & community sectors.
Our loyal and dedicated staff have been instrumental in delivering our strategic goals and aims. As we navigate a landscape where budgets are tightening and provisions in schools and communities are being cut, services like Goals 4 Girls become ever more essential. Retaining and recruiting brilliant staff, alongside raising funds to stabilise our ongoing work, remains a top priority.
In conclusion, as we look back on a year of challenges & achievements, I am confident in our charity's ability to adapt, grow, & continue making a significant impact in the lives of young women & girls. The path ahead is filled with opportunities, and I am enthusiastic about the role we will play in shaping a more inclusive and empowering future.
Interim Chair of Trustees Daniel Hulme
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STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Charities Act 2011 requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the Trust and of the surplus or deficit of the Trust for that period. In preparing those financial statements the Trustees are required to:-
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Select suitable accounting policies and apply them consistently;
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Provide support and fulfil line management duties to the CEO & general support for the wider G4G Team
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Observe the methods and principles in the Charities SORP;
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable UK accounting standards have been followed, subject to any departures disclosed and explained in the financial statements;
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and
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Prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose, with reasonable accuracy, the financial position of the Trust at any time, and for ensuring that the financial statements comply with charity law. The Trustees are also responsible for safeguarding the Trust’s assets, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees have confirmed that, as far as they are aware, there is no relevant examiner information of which the IE are unaware. Each of the Trustees have confirmed that they have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant IE information and to establish that it has been communicated to the IE. The trustees are currently recruiting for a replacement Chair of the Trustee Board & a Treasurer in the 24/25 financial year.
Daniel Hulme Interim Chair Dated: January 2024
THIS YEAR'S SUCCESSES
Click the image to see the work of Goals 4 Girls for 2023
In 2022, Goals4Girls interviewed Alessia Russo on the back of History for Sky Sports.
In 2023, Goals4Girls officially launches as a charity at the Arsenal Stadium.
Goals4Girls features in the ITV Sport and adidas Women’s World Cup 2023 campaign video.
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Goals4Girls features in the Xero ‘Dream
Bigger’ Women’s World Cup 2023
campaign.
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Goals4Girls and Poldi’s Eleven: A Cultural and Sporting Odyssey in Cologne.
G4G Saluting Our Sisters: A three-part documentary series for Black History Month 2023.
SPONSORS ANDPARTNERS
The staff, volunteers and current partners have made the 'Goals 4 Girls' dream a reality and have brought lifechanging experiences to many young women and girls within our community, shaping these years and making the organisation what it is today.
Adidas is our main sponsor of sports equipment and social opportunities. With Adidas as our partner since 2018, G4G participants have experienced amazing extra-curricular opportunities.
Ascential Media have been our corporate partner since 2017. By partnering with them we've been able to expand our operational team. Thereby reaching more girls from disadvantaged areas & our KPI's.
G4G joined the Adidas Breaking Barriers Project in 2023. This collaboration with BB enabled G4G to identify & break barriers to football access for girls. This partnership has provided more experiences for girls such as organising the G4G forthcoming football tournament.
HISTORY OF G4G VIEW MORE OF OUR EXOITING HISTORY OA 2015 2016 Partnered with the Prince's trust Enterprise programme Pibted a full co-created programme lo 120 girls cross East Lont)n Former Prime Minister, David Cameron invites G4G lo allend a garden party at 10 Downing stfeet. Launches OUT Ilrst nationally recognised and cerliliod Iherapeulic mentoring programme 'Mindful Me,. Launthed its'BrK>Jing the Gap, sustsinaLil((y programme. Partnered with London FA to lund10 girts a year with Football Coaching Quolificalions. Honoured with Natwest business award. Expaded our PTogrammes lo V) secondary schc¥)Is across &isl and theast L(don, Launched our first corrmunrty football loumamI al Weslh8m's Upt¢x park Slbdium. Founder Francesca Brown Hthoured with the Pre ol Britain Award esented by HRH King char111. 2022 2018 2017 Partwa with Thè Telra[) W(mèn In Sport Twitter, ndiw15 girls to FrarKe to (bcurnt the Worn5 Wortd Cup Throwh her ey&,, History wa5 madè in August 2019 by winning the first ever Adida5 Tango Leagw lor Worneri! Signed an adidas AFC pJrtner Launthed wr Mwlal HeaKh and WelltrH'ng shOwca.1¥S Okay not to be Okay, in partnership with Dove. &gned Dan11@ Carter, lomier Aend & Brighton & Hove's Altx"on FC lorwwd as Ambassa(br. Goals 4 Girls kiurrhed their first football development ctre in East Lonthn. Ollicially launched as charlty. G4G's Eif(e Football centre launched In Southeast Lond G4G became a charity. During lockdown G4G launche5 Its onlne 'Leamin9 hub, gender e¢wily and incI1Vity learning programme,. Francesca Brown has a statue created in her honour.
OUR MISSION
Goals4Girls exists to support and raise the aspirations of young women and girls aged 11-16 within the UK’s most marginalised communities.
We are a female-led social prescribing Charity that delivers programmes by the girls and for the girls. We are driven by the desire to break down barriers through football and mentorship in education.
Goals4Girls help young women and girls live happier and healthier lives.
IN A LOT OF WAYS
FOOTBALLAND MENTORING SAVED ME.”
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OUR IMPACT
Since 2011, we have provided 1800 young women and girls with over 2 million contact hours of 1-1 therapeutic mentoring, group sessions, football coaching and extracurricular opportunities.
80% of girls show more confident behaviour having played
In the UK, 8 out of every 10 girls face constant sports, social,
78% of girls avoid sports whilst on their period.
At least 1/3 of girls have experienced an increase in mental health issues including stress, loneliness and worry since the pandemic. 64% of girls will have quit sports by the age of finishing puberty.
Of girls and young women who were at risk of exclusion at the start of the academic year, completed the entire academic year in school.
94%
Of our participants were inactive and did not engage in sports prior to signing up for the Goals4Girls programme.
76% 90% 52%
Of our participants have progressed to local grassroots football clubs and/or signed to academy clubs.
1/5
Of the participants in the programme have reported a significant improvement in confidence, resilience and friendship-making abilities.
Our current 22-23 retention rate, with a total of 220 who took part of our programme with 214 young women and girls continuing throughout the academic year.
87% 40%
Of our girls and young women who suffer from depression, experienced fewer associated symptoms.
Of our girls and young women
have continued sports beyond secondary education and outside Goals4Girls. With 1 in 8 taking on coaching roles at G4G.
G4G IS ONE OF THE LEADING GIRLS DEVELOPMENT PROGRAMMES IN THE UK.
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OUR PURPOSE
WHY FOOTBALL?
Goals4Girls supports young women and girls from disadvantaged backgrounds who are passionate about sports but lack self-esteem and self-worth and are disengaged at school to help them finish school with the skills & grades to make a successful transition to adulthood.
Our purpose is to create lasting change for young women and girls in
sports and society. We do this by providing long-term, intensive support
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focus on four priorities:
1. EMPOWERMENT
2. CAREER DEVELOPMENT
3. MENTALHEALTH
4. SPORTS PARTICIPATION
“UNLOCKING THE POSSIBILITIES
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CHARITY INFORMATION
GOVERNING DOCUMENT
The charity’s Memorandum and Articles of Association are the primary governing documents, and this was effective from incorporation from its origins as a CIC to a CIO on 14 June 2022. The new versions of the Articles of Association were approved by the Board of Trustees, and these reflect the changes in line with Goals4Girls’s new status as a Charitable Incorporated Organisation (CIO).
GOVERNANCE STRUCTURE
Goals4Girls is governed by a Board of Trustees who have been chosen for their expertise in respective fields and our Board of Trustees meets on at least a quarterly basis and has an Annual General Meeting. The first charity trustees are as follows:
Monica Shafaq (outgoing Chair), Franklin Asante, Jonathan Nicholas Licht, Daniel Ward Hulme, Hayley Veronica Tina Bennett
Appointment of charity trustees: apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.
The charity trustees shall manage the affairs of the CIO and may for this purpose exercise all the powers of the CIO. There is a minimum of three Trustees and the Chair of the Board is elected the Trustees. If the number falls below this the trustee or by minimum, remaining trustees may act only to call a meeting of the charity Trustees or to appoint a new charity trustee.
- REMUNERATION OF TRUSTEES No Trustees have been remunerated or paid expenses by Goals4Girls during the reporting period of 2022 2023.
CONFLICTS OF INTEREST Trustees must declare the nature and extent of any interest, direct or indirect, which he or she has in a proposed transaction or with the CIO or in transaction or entered into the CIO which has not been arrangement any arrangement by previously declared; and absent himself or herself from any discussions of the charity trustees in which it is possible that a conflict of interest will arise between his or her duty to act solely in the interests of the CIO and any personal interest (including but not limited to any financial interest). OPERATIONS TEAM The operational team consists of the CEO & Senior Administrator who are responsible for the daily running of the charity along with the mentoring and football coaching staff.
CHARITY INFORMATION CONTINUED
A FEW KEY AREAS OF RISK:
Goals4Girls has recently completed a management framework, RAG report, designed to identify the major risks that could impact the organisation. The RAG process identified the risks that G4G could face, the likelihood of occurrence, their effects and highlights the mitigating intervention processes that are in place. The RAG report also identifies any actions and resources required to further manage these risks.
Relationship with Goals4Girls’s current funders and sponsors, Ascential Media and Adidas, is still on going and the Operational team maintains close ties with its donors to ensure its financial stability. The Board and the Management are looking at Goals4Girls’s reserves to ensure that they are sufficient to maintain the core operating costs of the charity and the variability of income. The charity is also considering diversifying its income streams in other areas this year to strengthen its future financial position. Goals4Girls has decided to recruit a fundraising professional in 2024 to secure future its financial sustainability and growth as it is in a pivotal position of expansion.
Another risk that we have identified is the need for a dedicated office to house our growing team, currently we are based at the Royal Docks Academy School in East London. However, this isn’t a sustainable solution for the needs of our growing team and our intention is to source another office in the next year depending on funds available.
An additional risk factor is the recruitment of a female led work force within the sports sector as there is a limited pool of FA qualified female coaches. However, by identifying this issue G4G is training and supporting young women to become football coaches of the future thereby proactively increasing the number of potential female coaches and providing a solution and a sustainable employment pathway for our participants.
RECRUITMENT AND RETENTION
The charity has identified the need to recruit and retain qualified staff by ensuring that they are paid appropriate salaries in line with market rates. We’ve successfully recruited a team of 3 employees so far, with an additional two new vacancies to be appointed this year, including the Fundraiser. Throughout the past year, we have run collaborative strategy sessions with the team to discuss how we embed our core values. This process will continue as the team grows to ensure that these are the principal values which guide Goals4Girls’s work and organisational culture.
MANAGEMENT
The Chief Executive Officer (CEO) is appointed by the Trustees to manage Goals4Girls’s operations. To facilitate this effectively, our CEO has, within the Delegation of Authority remit approved by the Trustees, authority for operational matters including grants, fundraising and finance. The Operational Team and Trustees meet regularly during the year to update on progress against our objectives and Key Performance Indicators (KPI’s) and to identify new opportunities and risks. With the departure of the outgoing chair, Monica Shafaq, Goals4Girls has appointed a rolling chair from the existing board of Trustees until the new chair is appointed.
2024/2025 Goals: OUR FUNDRAISING PRIORITIES FOR THE NEXT FINANCIAL YEAR INCLUDE:
Develop a comprehensive fundraising strategy, identify and apply for grants, engage in donor outreach, organise fundraising events, and explore corporate sponsorships.
Grow our supporter base nationally with a focus on philanthropic and transformational funding that can help us sustain and scale our operations and impact within the UK.
Continue to build strategic partnership with corporates, trusts and foundations in the UK and internationally.
Goals 4 Girls fundraising activities are primarily carried out by Goals 4 Girls staff with the support of trustees and members. When necessary, the charity works with fundraising consultants on its fundraising strategy and operation. When that is the case consultants required to abide by the charities fundraising policy. The charity monitors the consultants work throughout the lifecycle of the contract.
- SUMMARY OF ACHIEVEMENT & PERFORMANCE
Objectives and Activities The purpose of the charity as set out in its governing document. The objective of the CIO is to provide opportunities for the advancement in life and relieve the needs of young women and girls through: a.) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions in life; b.) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. The main activities undertaken in relation to those purpose. Goals4Girls supports young women and girls from disadvantaged backgrounds who are passionate about sports but lack self-esteem and self-worth and are disengaged at school to help them finish school with the skills & grades to make a successful transition to adulthood. Our is to create for women and in and We purpose lasting change young girls sports society. do this by providing longterm, intensive support built around changing their outlook on life, broade their horizons and them to themselves. The G4G is ning helping empower Programme designed to provide models of excellence and empowerment through dynamic mentorship.
The charity provides a school & social prescribing programme as well as running an elite development football training centre in East London. The trustees have agreed to additional centres in areas of London to reach open development marginalised more of the charity’s target demographic & to provide an alternative income stream. The Trustees have given due consideration to the Charity Commission’s guidance on the public benefit requirement of the proposed expansion plans of the charity. The Trustees have also agreed to the operational team’s proposed plans of engaging with the community and providing a bespoke consultancy package to diversify its income stream.
The charity provides mentoring and social development activities through the medium of football, G4G does this through several streams: school programme, development centre and a bespoke consultancy service. The school programme provides a joint football & mentoring programme in schools located in disadvantaged communities in London thereby meeting the primary objectives of the charity. The development centre is also located within a marginalised community in East London and the participants come from a wider geographical area in London. The main aim of the development centre is to provide high-quality football training to bridge the gap between professional and grass roots football to create more sustainable pathways for young women in football. The charity also provides its participants with extracurricular opportunities such as attending football matches, residential trips, opportunities through its partner Adidas, kit and career development advice. These opportunities wouldn’t otherwise be available to girls from these communities and the charity is determined to breaking barriers and providing access to alternative career pathways and lifestyle choices for its participants.
FINANCIAL REVIEW
A review of the charity's financial position at the year end June 2022 to June 2023. The Statement of Financial Activities, Balance Sheet and the notes to account can be – found on pages 1 1 2 of the June 22 /2 3 independently examined accounts The Charity’s reserves ha s been noted as £1,000. The balance sheet shows total of unrestricted £68,940 net assets. Cash in bank is £ 89,104.12 , as at year end. The charities monies have either been raised from external donors/sponsors/corporates, and their use as to whether are unrestricted or are to they designated, subject project term and conditions.
Full details of these unrestricted and designated funds can be found in note 3-8 to the accounts together with a full annual analysis.
on reserves Policy The current reserve levels are at The Trustees are aware organisation’s currently £1,000. that this falls below the target reserve level of three months of operational costs. Due to the uncertainty over short to medium term funding from external sources and the current economic climate along with the proposed expansion of our programme, the Trustees have recognised that these reserves are appropriate in the short term however these will need to significantly increase to act as a financial buffer.
The Board are at Goals4Girls’s reserves to ensure that are sufficient to looking they maintain the core operating costs of the charity and the variability of income. The charity is also its income streams in other areas this to its considering diversifying year strengthen future financial Goals4Girls has decided to recruit a in position. fundraising professional 2024 to secure its future financial sustainability and growth as it is in a pivotal position of expansion. Once the uncertainty created by the current economic & political climates (2024/25 is regarded as a general election year & the UK government has entered a Period of Sensitivit before the local elections on 2 have been reduced. y May)
of the nature of uncertainties about the to continue as a Explanations any charity's ability going concern. Goals4Girls has a RAG to recently completed management framework, report, designed identify the major risks that could impact the organisation. The RAG process identified the risks that G4G could face, the likelihood of occurrence, their effects and highlights the mitigating intervention that are in The RAG also identifies actions and processes place. report any resources required to further manage these risks.
Relationship with Goals4Girls’s current funders and sponsors, Ascential Media and Adidas, is still on going and the Operational team maintains close ties with its donors to ensure its financial stability. The Board and the Management are looking at Goals4Girls’s reserves to ensure that they are sufficient to maintain the core operating costs of the charity and the variability of income. The charity is also considering diversifying its income streams in other areas this year to strengthen its future financial position. Goals4Girls has decided to recruit a fundraising professional in 2024 to secure future its financial sustainability and growth as it is in a pivotal position of expansion. Another risk that we have identified is the need for a dedicated office to house our growing team, we are based at the Docks School in East London. this isn’t a currently Royal Academy However, sustainable solution for the needs of our growing team and our intention is to source another office in the next year depending on funds available.
An additional risk factor is the recruitment of a female led work force within the sports sector as there is a limited pool of FA qualified female coaches. However, by identifying this issue G4G is training and supporting young women to become football coaches of the future thereby proactively increasing the number of potential female coaches and providing a solution and a sustainable employment pathway for our participants.
STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT The charity’s Memorandum and Articles of Association are its primary governing documents, and this was effective from incorporation from its origins as a CIC to a CIO on 14 June 2022. The new versions of the Articles of Association were approved by the Board of Trustees, and these reflect the changes in line with Goals4Girls’s new status as a Charitable Incorporated Organisation (CIO). GOVERNANCE STRUCTURE Goals4Girls is governed by a Board of Trustees who have been chosen for their expertise in their respective fields; the Board of Trustees meets online or in person at least on a quarterly basis and has an Annual General Meeting. The charity trustees board structure has adopted a Chair and a Trustee to oversee the & of the board. both roles are key governance compliance responsibilities However, and it is that trustees will be in the start of the currently vacant, anticipated replacement place by academic year in 2024. Currently, Daniel Hulme is the interim Chair of Trustees for the purpose of the AGM.
The nature of the governing document and how the charity is constituted: The CIO has power to do anything which is calculated to further its objects or is conducive or incidental to doing so. In particular, the CIO has power to: (1) borrow money and to charge the whole or any part of its property as security for the repayment of the borrowed. The CIO must as with sections 124 and 125 of the money comply appropriate Charities Act 2011, if it wishes to mortgage land; (2) buy, take on lease or in exchange, hire or otherwise acquire any property and to maintain and equip it for use; (3) sell, lease or otherwise dispose of all or any part of the property belonging to the CIO. In this the CIO must as with sections 117 and 119-123 of the exercising power, comply appropriate Charities Act 2011; (4) employ and remunerate such staff as are necessary for carrying out the work of the CIO. The CIO may employ or remunerate a charity trustee only to the extent that it is permitted to do so by clause 6 (Benefits and payments to charity trustees and connected persons) and provided it complies with the conditions of that clause; (5) Deposit or invest funds, employ a professional fund-manager, and arrange for the investments or other property of the CIO to be held in the name of a nominee, in the same manner and subject to the same conditions as the trustees of a trust are permitted to do by the Trustee Act 2000.
The methods adopted for the recruitment and appointment of new trustees:
from the first trustee must be a resolution (1) Apart charity trustees, every appointed by passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Information for new charity trustees The charity trustees will make available to each new charity trustee, on or before his or her first appointment a copy of the current version: (a) of this constitution; and (b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts.
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HUNT “ My name is Rebecca Hunt. I am 15 years old and live in East London in a place called Custom House where I’ve lived since I was a toddler.
COACHING TO HELP YOUNG WOMEN LIKE MYSELF”
SCAN THE QR CODE TO VIEW MORE OF OUR SUCCESS STORIES
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Goals 4 Girls Cio
Charity No. 1199301
Trustees' Report and Unaudited Accounts
30 June 2023
1
Independent Examiners Report
Goals 4 Girls CIO
Independent Examiner's Report to the trustees of Goals 4 Girls CIO
I have independently examined financial statements of Goals 4 Girls CIO (‘the charity’) for the year ended 30 June 2023 which comprise the Statement of Financial Activities, the Balance Sheet, and notes to the financial statements.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Responsibilities and basis of report
As explained more fully in the trustees’ responsibilities statement set out on page 06, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Having satisfied myself that the financial statements 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 your charity's financial statements as 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
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of Accounting Technicians Association, which is one of the listed bodies.
In my opinion the financial statements:
• give a true and fair view of the state of the charity’s affairs as of 30 June 2023 and of the charity’s incoming resources and application of resources, including its income and expenditure, for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
2
• have been prepared in accordance with the requirements of the Charities Act 2011.
Conclusions relating to going concern ;
In examining the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
In conclusion, 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 financial statements to be reached.
Beverley Sydney MAAT
Independent Examiner
Sydney Hudson Ltd.
Unit 410 Bedford Heights Brickhill Drive Bedford Bedfordshire MK41 7PH 26 March 2024
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Goals 4 Girls Cio Statement of Financial Activities
for the period ended 30 June 2023
| Net gains on investments 9 Other gains and losses Net movement in funds Net income Net income before other gains/(losses) Reconciliation of funds: Total funds carried forward Transfers between funds Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Expenditure on: 6 Total Raising funds 7 Total 8 Other trading activities 5 Charitable activities Other |
Unrestricted funds 2023 £ 253,864 34,421 4,330 |
Restricted funds 2023 £ - - - |
Total funds 2023 £ 253,864 34,421 4,330 |
|---|---|---|---|
| 143,509 61,250 15,916 292,615 |
- 3,000 - - |
61,250 15,916 146,509 292,615 |
|
| - 220,675 |
- 3,000 |
- 223,675 |
|
| 71,940 - |
(3,000) - |
68,940 - |
|
| 71,940 | (3,000) | 68,940 | |
| 71,940 | (3,000) | 68,940 | |
| 71,940 | (3,000) | 68,940 |
4
Goals 4 Girls Cio Balance Sheet
at 30 June 2023
| at 30 June 2023 | ||
|---|---|---|
| Notes | 2023 | |
| £ | ||
| Fixed assets | ||
| Tangible assets | 10 | 2,942 |
| 2,942 | ||
| Current assets | ||
| Cash at bank and in hand | 89,104 | |
| 89,104 | ||
| Creditors:Amount falling due within one year | 11 | (23,106) |
| Net current assets | 65,998 | |
| Total assets less current liabilities | 68,940 | |
| Net assets excluding pension asset or liability | 68,940 | |
| Total net assets | 68,940 | |
| The funds of the charity | ||
| Restricted funds | 12 | |
| Restricted income funds | (3,000) | |
| (3,000) | ||
| Unrestricted funds | 12 | |
| General funds | 71,940 | |
| 71,940 | ||
| Reserves | 13 | |
| Total funds | 68,940 |
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Approved by the board on 29 April 2024
And signed on its behalf by:
Franklin Asante
Trustee
29 April 2024
5
Goals 4 Girls Cio Notes to the Accounts
for the period ended 30 June 2023
- 1 Accounting policies
Basis of preparation
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)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
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Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
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Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
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Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
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Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
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Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
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Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
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Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
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Goals 4 Girls Cio Notes to the Accounts
Expenditure
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Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
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Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
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Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
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Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
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Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
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Goals 4 Girls Cio Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
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Goals 4 Girls Cio Notes to the Accounts
2 Income from donations and legacies
| Fundraising trading costs Income from other trading activities 3 4 Costs of generating voluntary income Income from charitable activities 5 Expenditure on raising funds |
1,107 Unrestricted 34,421 4,330 4,330 £ Unrestricted £ 9,665 £ 24,756 Unrestricted 7,474 15,916 7,335 253,864 253,864 £ Unrestricted |
Total 2023 £ 253,864 |
|---|---|---|
| 253,864 | ||
| Total 2023 4,330 £ |
||
| 4,330 | ||
| 24,756 9,665 Total 2023 £ |
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| 34,421 | ||
| 1,107 Total 2023 £ 7,474 7,335 |
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| 15,916 |
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Goals 4 Girls Cio Notes to the Accounts
6 Expenditure on charitable activities
| Governance costs Expenditure on charitable activities 7 Other expenditure Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net income before transfers This is stated after charging: 9 Depreciation of owned fixed assets Staff costs Salaries and wages Social security costs Pension costs |
Unrestricted 358 113,093 4,263 £ 11,754 13,061 143,509 980 |
Unrestricted £ 8,489 45,088 1,918 61,250 5,755 £ Restricted - 3,000 - - 3,000 - - £ 107,218 3,833 1,236 112,287 2023 2023 980 |
8,489 5,755 £ Total 2023 1,918 45,088 |
|---|---|---|---|
| 61,250 | |||
| £ 116,093 Total 2023 358 11,754 4,263 13,061 980 |
|||
| 146,509 | |||
No employee received emoluments in excess of £60,000.
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Goals 4 Girls Cio Notes to the Accounts
10 Tangible fixed assets
| Cost or revaluation Additions At 30 June 2023 Net book values Depreciation and impairment At 30 June 2023 At 30 June 2023 Depreciation charge for the year 11Creditors: amounts falling due within one year Bank loans and overdrafts Accruals Other taxes and social security Trade creditors 12Movement in funds Restricted income funds: Adidas Unrestricted funds: Total funds Restricted funds: Total General funds |
11,311 3,691 6,904 2023 £ 1,200 23,106 £ Incoming resources (including other gains/losses ) - - 292,615 292,615 |
3,922 £ 980 3,922 980 2,942 (223,675) £ Resources expended (3,000) (220,675) (3,000) |
£ 3,922 |
|---|---|---|---|
| 3,922 | |||
| 980 | |||
| 980 | |||
| 2,942 | |||
| £ At 30 June 2023 (3,000) |
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| (3,000) | |||
| 71,940 | |||
| 68,940 |
| Purposes and restrictions in relation to the funds: | Purposes and restrictions in relation to the funds: | Purposes and restrictions in relation to the funds: |
|---|---|---|
| Restricted | funds: | |
| Adidas | Breaking Barriers Project |
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Goals 4 Girls Cio Notes to the Accounts
13 Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Net current assets Fixed assets |
funds £ Unrestricted 2,942 89,104 92,046 |
- Restricted funds (23,106) £ (23,106) |
£ Total 2,942 65,998 |
| 68,940 |
14 Reconciliation of net debt
| Cash and cash equivalents Net debt Bank loans |
Cash flows £ |
At 30 June 2023 £ |
|---|---|---|
| 89,104 | 89,104 | |
| (11,311) (11,311) 77,793 89,104 |
89,104 (11,311) |
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| (11,311) | ||
| 77,793 |
15 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
| 2023 | 2023 | |
|---|---|---|
| Land and buildings |
Other | |
| £ | £ | |
| Operating leases with expiry date: | ||
| Pension commitments | ||
| 2023 | ||
| £ | ||
| The pension cost charge to the company | ||
| amounted to: | 1,236 |
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