## **1. Introduction** 

This is the annual report of Governance Advisory and Support Charity Organisation for the financial year 1 January 2025 to 31 December 2025. 

## **2. Purpose and Objectives** 

The purpose of the charity is to enhance governance practices and effectiveness across all charities, with a particular emphasis on those owned by ethnic minorities. The charity aims to: 

- Foster transparency, accountability, and strategic leadership within the charitable sector. 

- Contribute to improving public trust and confidence in charities. 

## **3. Activities During the Year** 

During the year, the charity: 

- Supported six charities owned by both local and ethnic minority groups with queries regarding registration, governance, and compliance. This support is estimated to have saved the beneficiary charities approximately £600–£840 in professional advisory fees they would have otherwise incurred. 

- Assisted one charity in preparing their management accounts, providing professional guidance valued at approximately £150 if outsourced. 

- Received a donation of £200 and used funds to cover operational costs including promotional materials, domain registration, Google Workspace, telephone costs, and bank charges. 

## **Social Impact Summary:** 

|**Activity**|**Beneficiaries**<br>|**Estimated Value (£)**|
|---|---|---|
|Governance & compliance advisory|six charities|600–840|
|Management accounts preparation|one charity<br>|150|
|**Total Social Value Delivered**|**seven charities**|**750–990**|



Explanation: 

- Despite limited financial resources, the charity’s interventions provided significant financial relief and professional support to beneficiary charities, amplifying the impact of every £1 donated. 

- For example, £200 income translated into support with a social value of £750– £990, demonstrating leveraged impact and efficient use of resources. 

## **4. Financial Review (Accounts)** 

The accounts have been prepared in accordance with the Charities SORP and reflect a simple income and expenditure basis suitable for a small charity. The Trustees are committed to ensuring financial integrity and adherence to the Charities SORP in all reporting aspects. The charity operates a bank account with HSBC Bank, which is used for all incoming donations and outgoing payments. 

## **Statement of Financial Activities (Income & Expenditure)** 

|Income<br>||£|
|---|---|---|
|Donations||200.00|
|Expenditure<br>|£||
|Promotional material<br>|45.00||
|Telephone<br>|20.00||
|Bank charges<br>|50.00||
|Domain – GoDaddy<br>|22.79||
|Google Workspace/Suite|41.50||
|Total Expenditure<br>|179.29||
|Net Surplus for the Year:||£20.71|



## **Balance Sheet as at 31 December 2025** 

|Assets<br>£|
|---|
|Bank / Cash                                                                                            20.71|
|Liabilities                                                                                                 £|
|None<br>0|
|**Net Assets / Funds:                                                                              £20.71**|



## **5. Reserves Policy** 

The charity intends to retain a small reserve to cover basic operational costs and ensure continuity of activities. The current closing balance of £20.71 will be carried forward to support upcoming governance initiatives. 

## **6. Future Strategic Plan (2026–2028)** 

The charity has set strategic goals to expand its impact over the next 3 years, with resource allocation expressed in percentages of total effort or focus. 

|Strategic Goal|Focus<br>(%)|Description|
|---|---|---|
|Expand Charity<br>Support|40%|Increase the number of charities supported from six to<br>fifteen per year, with emphasis on ethnic minority-led<br>organisations.|
|Training &<br>Governance<br>Workshops|25%|Conduct workshops on governance, compliance, and<br>strategic leadership for small charities.|
|Management<br>Accounts Support|15%|Assist five to ten charities per year in preparing<br>accurate management accounts.|
|Fundraising &<br>Donations|10%|Increase donations and grants to ensure financial<br>sustainability.|
|Marketing &<br>Outreach|10%|Enhance visibility and engagement through online<br>platforms and promotional campaigns.|



## **Future Focus %** 

Expand Charity Support (40%): ████████████████████████ 

Training & Governance Workshops (25%): ██████████████ 

Management Accounts Support (15%): █████████ Fundraising & Donations (10%): █████ Marketing & Outreach (10%): █████ 

## **7. Trustee Approval** 

The Trustees of Governance Advisory and Support Charity Organisation approved this report on 25[th] February 2026 and signed on their behalf. 

Signed: Name: Davidson Taiwo Bamidele Position: Trustee Date: 25[th] February 2026