REGISTERED CHARITY NUMBER: 1205547 GOSHEN WELL Trustees, Report and Unaudited Financial Statements for the Period 2 November 2023 to 31 August 2024 Docurnent ID." 2efa7573-3e574400-850d-31c9c19aa93b GOSHEN WELL Contents of the Financial Statements for the Period 2 November 2023 to 31 August 2024 Page Trustees. Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities Docurnent ID.. 2efa7573-3e574400-85Od-31 c9c19aa93b GOSHEN WELL Trustees, Report for the Period 2 November 2023 to 31 August 2024 The trustees present their report with the financial statements of the charity for the period 2 November 2023 to 31 August 2024. The trustees have adopied Ihe provisions of 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 IFRS 102} (effective 1 January 20191. ObjectTves and activities Objectives and aims The advancement of education for the public benefit, particularly but nol exclusively for those who are unemployed, through the provision of scholarships, grants, or other forms of financial assistance lo help individuals pay for their educalion. We provide mentorship and coaching seNices to individuals who are seeking to develop their workplace skills,. and workshops and seminars designed lo improve individual's technical skills and soft skills such as leadership and teamwork. Significant activities Activilies and Impact in 2024 In 2024. the charily delivered impacfful community and internalional outreach, including homeless support events in January and April, Easter aid for families, back-to-school assistance for single mothers, and the "Mum Matters" wellbeing initiative. Additionally, a medical outreach in Nigeria provided vital healthcare to over 300 underserved individuals, extending our mission of care beyond local borders. Public benefit The trustees Gonfirm that they have Gomplied with the Charity Commission's guidance on public benefit. Volunteers Volunteers are a significant part of our team, and we are grateful for their unwavering support and hard work. Docurnent ID." 2efa7573-3e574400-850d-31c9c19aa93b GOSHEN WELL Trustees, Report for the Period 2 November 2023 to 31 August 2024 Achievement and perforniance Charitable aclivities Activilies and Impacl in 2024 We began the year with dedicated outreach events supporting the homeless population in our local community. In both January and April, volunteers distributed hot meals, hygiene kits, warm clothing, and offered signposting to relevant local servI￿s. In April, we organised a special Easter outreach for low-income families and children. Activities included a community meal, Easter-themed games, and the distribution of food hampers. Ahead of the new school year, our "Back to School. campaign focused on empowering single mothers with school supplies and support for their children. The initiative was tailored to relieve financial stress during a critical time. Our inlernational focus this year included a medical oulreach in Nigeria, addressing health inequities in underserved communilies. In August, we hosted our "Mum Matters" event, aimed al supporting the emotional and mental wellbeing of mothers. This included wellness workshops, peer support sessions. and professional counselling access. Financial review Financial position In the year under review, net results and carry forward funds were1£2251. Reserves policy The charity will build unrestricted funds reserves as it grows and establishes it's flagship events. Going concern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts. Structure, governance and management Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Goshen Well is a charitable incorporated organisation ICIOI and is structured by it's governing document.. the CIO - FOUNDATION model. registered on 02 Nov 2023. Recruitmenl and appointment of new trustees Truslees are elected by existing irustees in accordance with the CIO-Foundation model. A retiring Trustee may be re-elecled. Reference and administrative details Registered Charity number 1205547 Docurnent ID." 2efa7573-3e574400-850d-31c9c19aa93b GOSHEN WELL Trustees, Report for the Period 2 November 2023 to 31 August 2024 Principal address 8 Wesl Street ROCHESTER ME2 3XG Trustees Adeyemi Abolarinwa (appointed 21111231 Adebola Oriade {appointed 21111231 Hilary Alabi (appointed 2111123} Approved by order of the board of trustees on 25 June 2025 and signed on its behalf by= Adeyemi Abolarinwa - Trustee Docurnent ID.. 2efa7573-3e574400-850d-31 c9c19aa93b GOSHEN WELL Statement of Financial Activities for the Period 2 November 2023 to 31 August 2024 Unreslricted Restricted fund fund Total funds Notes Income and endowments from Donations and legacies 4,790 4.790 Expenditure on Charltable acllvltles Activities in furtherance of the charity's objectives 5,015 5,015 NET INCOMEI{EXPENDITURE) {225) 1225) Total funds carried forward {225) 1225) The notes form part of these financial statements Docurnent ID." 2efa7573-3e574400-850d-31c9c19aa93b GOSHEN WELL Balance Sheet 31 August 2024 Unreslricted Restricted fund fund Total funds Notes Creditors Amounts falling due within one year {225} 1225) Net current assetsllllabllltlesl {225} 1225) Total assets less current Ilabllltles {225} 1225) NET ASSETS {225} 1225) Funds Unrestricted funds {2251 Total funds {2251 The financial statements were approved by the Board of Trustees and authorised for issue on 25 June 2025 and were signed on ils behalf by: Adeyemi Abolarinwa - Trustee The notes form part of these financial statements Docurnent ID." 2efa7573-3e574400-850d-31c9c19aa93b GOSHEN WELL Notes to the Financial Statements for the Period 2 November 2023 to 31 August 2024 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 102) 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be re￿iVed and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing ihe charity to thal expenditure, it is probable that a transfer of economic benefits will be required in seltlemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of reSoUr￿s. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slatements. Docurnent ID." 2efa7573-3e574400-850d-31c9c19aa93b GOSHEN WELL Noles to the Financial Statements - continued for the Period 2 November 2023 to 31 August 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the period ended 31 August 2024. Trustees. expenses There were no trustees, expenses paid for the period ended 31 August 2024. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 225 MOVEMENT IN FUNDS Net movement in funds At 3118124 Unrestricted funds General fund (2251 1225) TOTAL FUNDS (2251 1225) Net movement in funds, included in the above are as follows.. Incorning Resources Movement resources expended in funds Unrestricted funds General fund 4,790 (5,0151 {225) TOTAL FUNDS 4,790 {5,0151 {225} Docurnent ID." 2efa7573-3e574400-850d-31c9c19aa93b GOSHEN WELL Notes to the Financial Statements - continued for the Period 2 November 2023 to 31 August 2024 RELATED PARTY DISCLOSURES There were no relaled party transactions for the period ended 31 August 2024. Docurnent ID.. 2efa7573-3e574400-850d-31 c9c19aa93b