**REGISTERED CHARITY NUMBER: 1205547** ## **GOSHEN WELL** **Trustees' Report and** **Unaudited Financial Statements for the Year Ended 31 August 2025** Document ID: ade3c380-530f-46f0-a68a-13971f63215a **GOSHEN WELL** **Contents of the Financial Statements for the Year Ended 31 August 2025** ||**Page**| |---|---| |**Trustees' Report**|1 to 2| |**Statement of Financial Activities**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5 to 8| |**Detailed Statement of Financial Activities**|9| Document ID: ade3c380-530f-46f0-a68a-13971f63215a **GOSHEN WELL** **Trustees' Report for the Year Ended 31 August 2025** The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the 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 (FRS 102) (effective 1 January 2019). ## **Objectives and activities** ## **Objectives and aims** The advancement of education for the public benefit, particularly but not exclusively for those who are unemployed, through the provision of scholarships, grants, or other forms of financial assistance to help individuals pay for their education. We provide mentorship and coaching services to individuals who are seeking to develop their workplace skills; and workshops and seminars designed to improve individual's technical skills and soft skills such as leadership and teamwork. ## **Significant activities** Activities and Impact in 2025 In 2025, the charity sign-posted it's local community to resources alongside it's primary objectives and further it's presence in the community.There were no events held in the year. ## **Public benefit** The trustees confirm that they have complied 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. ## **Financial review** ## **Financial position** In the year under review, net results and carry forward funds were (£400). ## **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 (CIO) and is structured by it's governing document; the CIO - FOUNDATION model, registered on 02 Nov 2023. 1 Document ID: ade3c380-530f-46f0-a68a-13971f63215a ## **GOSHEN WELL** ## **Trustees' Report for the Year Ended 31 August 2025** ## **Structure, governance and management** ## **Recruitment and appointment of new trustees** Trustees are elected by existing trustees in accordance with the CIO-Foundation model. A retiring Trustee may be re-elected. ## **Reference and administrative details** ## **Registered Charity number** 1205547 ## **Principal address** 8 West Street ROCHESTER ME2 3XG ## **Trustees** Adeyemi Abolarinwa Adebola Oriade Hilary Alabi Approved by order of the board of trustees on 21 June 2026 and signed on its behalf by: Adeyemi Abolarinwa - Trustee 2 Document ID: ade3c380-530f-46f0-a68a-13971f63215a ## **GOSHEN WELL** ## **Statement of Financial Activities for the Year Ended 31 August 2025** **----- Start of picture text -----**
Period
2/11/23
Year Ended to
31/8/25 31/8/24
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
Income and endowments from
- - -
Donations and legacies 4,790
Expenditure on
Charitable activities
Activities in furtherance of the charity's
objectives 175 - 175 5,015
-
NET INCOME/(EXPENDITURE) (175) (175) (225)
Reconciliation of funds
- -
Total funds brought forward (225) (225)
Total funds carried forward (400) - (400) (225)
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The notes form part of these financial statements 3 Document ID: ade3c380-530f-46f0-a68a-13971f63215a ## **GOSHEN WELL** ## **Balance Sheet 31 August 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
Creditors
Amounts falling due within one year 4 (400) - (400) (225)
-
Net current assets/(liabilities) (400) (400) (225)
Total assets less current liabilities (400) - (400) (225)
-
NET ASSETS/(LIABILITIES) (400) (400) (225)
Funds 6
Unrestricted funds (400) (225)
Total funds (400) (225)
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The financial statements were approved by the Board of Trustees and authorised for issue on 21 June 2026 and were signed on its behalf by: Adeyemi Abolarinwa - Trustee The notes form part of these financial statements 4 Document ID: ade3c380-530f-46f0-a68a-13971f63215a **GOSHEN WELL** **Notes to the Financial Statements for the Year Ended 31 August 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, 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 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 received and the amount can be measured reliably. ## **Expenditure** 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 a transfer of economic benefits will be required in settlement 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 resources. ## **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 statements. 5 Document ID: ade3c380-530f-46f0-a68a-13971f63215a **GOSHEN WELL** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025** ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the period ended 31 August 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2025 nor for the period ended 31 August 2024. |**3.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
fund
fund
£
£
**Income and endowments from**
Donations and legacies
4,790
-
**Expenditure on**
**Charitable activities**
Activities in furtherance of the
charity's objectives
5,015
-
**NET INCOME/(EXPENDITURE)**
(225)
-
**Total funds carried forward**
(225)
-
**4.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2025
£
Bank loans and overdrafts (see note 5)
225
Other creditors
175
400|Total
funds
£
4,790
5,015
(225)
(225)
2024
£
-
225
225| |---|---| 6 Document ID: ade3c380-530f-46f0-a68a-13971f63215a ## **GOSHEN WELL** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025** ## **5. LOANS** An analysis of the maturity of loans is given below: |2025
£
Amounts falling due within one year on demand:
Bank overdrafts
225|2024
£
-| |---|---| |**6.**
**MOVEMENT IN FUNDS**
Net
movement
At 1/9/24
in funds
£
£
**Unrestricted funds**
General fund
(225)
(175)|At
31/8/25
£
(400)| |**TOTAL FUNDS**
(225)
(175)|(400)| |Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
-
(175)|Movement
in funds
£
(175)| |**TOTAL FUNDS**
-
(175)|(175)| |**Comparatives for movement in funds**
Net
movement
in funds
£
**Unrestricted funds**
General fund
(225)|At
31/8/24
£
(225)| |**TOTAL FUNDS**
(225)|(225)| 7 Document ID: ade3c380-530f-46f0-a68a-13971f63215a ## **GOSHEN WELL** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025** ## **6. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|Incoming
Resources
resources
expended
£
£
4,790
(5,015)|Movement
in funds
£
(225)| |---|---|---| |**TOTAL FUNDS**|4,790
(5,015)|(225)| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2025. 8 Document ID: ade3c380-530f-46f0-a68a-13971f63215a