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Registered number: 08532455
Charity number: 1155107
GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Unaudited
Trustees' report and financial statements
For the Year Ended 31 May 2025
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Contents
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Reference and administrative details of the Company, its Trustees and advisers
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Independent examiner's report
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Statement of financial activities
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Notes to the financial statements
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Reference and administrative details of the Company, its Trustees and advisers
For the Year Ended 31 May 2025
Company registered number
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Charity registered number
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15 Osbaldeston Road
London
N16 7DJ
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Trustees' report
For the Year Ended 31 May 2025
The Trustees present their annual report together with the financial statements of the Goldstar Creative Marketing for the 1 June 2024 to 31 May 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions 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 medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
Goldstar is dedicated to developing the capacity and skills of young women who are socially and economically disadvantaged members of the Charedi Jewish community, so that they are better able to identify and meet their needs. We aim to ensure that they have improved chances in life, enabling them access to training and employment opportunities. We seek to bridge the gaps between education, employment and the real world, empowering them to be successful individuals, wives, mothers and employees.
We do this by teaching transferrable skills and providing guidance on how to navigate the workplace practically and emotionally. We build young women’s confidence, initiative and self-awareness, teaching them the ethics of the workplace and how to be successful whilst retaining their values and ethos. We help them actualise their potential- bridging their latent talents to reality.
Our bridges connect people, mentors, trainers, trainees and professionals, as we encourage networking and learning from others. We do not aim to revolutionize anything or create anything new. We are merely filling what is missing - bridging a gap in order to build young women to be the best they can possibly be within the boundaries that keep us safe.
Our work takes place primarily across London and we intend to expand further afield in the future.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
a. Main achievements of the Company
The charity was able to obtain funds and to promote its objectives by carrying out its various learning and development programmes.
The fundraising environment has been challenging this year - with various funders in this space closing down or consolidating. The trustees have put in a lot of effort to identify further suitable funders, and have received firm intentions of interest for future funding.
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The trustees aim to hold free reserves at a level sufficient to protect services and ensure adequate cashflow for the organisation’s needs. The future plan is for the organisation to hold a minimum of six months of the organisations core running costs in unrestricted reserves to ensure continuity of service of the Charity’s unrestricted operating costs.
At the year end, the charity held reserves equivalent to around four months of operating costs. The trustees remain committed to increasing this to six months in line with the reserves policy.
c. Principal risks and uncertainties
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they are satisfied.
Structure, governance and management
a. Constitution
Goldstar Creative Marketing is registered as a charitable company limited by guarantee and is governed by its memorandum and articles of association.
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company 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 Company 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 Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company 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 Company 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 and signed on their behalf by:
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Independent examiner's report
For the Year Ended 31 May 2025
Independent examiner's report to the Trustees of Goldstar Creative Marketing ('the Company')
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I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 May 2025.
Responsibilities and basis of report
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As the Trustees of the Company (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 Company 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 Company'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
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Since the Company'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 (enter body here), which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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)].
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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.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed: Dated: 10 December 2025
Esther Royde FCCA
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Statement of financial activities (incorporating income and expenditure account)
For the Year Ended 31 May 2025
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Total funds brought forward
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Total funds carried forward
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The Statement of financial activities includes all gains and losses recognised in the year.
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The notes on pages 9 to 14 form part of these financial statements.
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Registered number: 08532455
Balance sheet
As at 31 May 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The Company 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 and signed on their behalf by:
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Registered number: 08532455
Balance sheet (continued)
As at 31 May 2025
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Notes to the financial statements
For the Year Ended 31 May 2025
Goldstar Creative Makerting is a charitable trust registered in England and Wales under the Charities Act. The address of the registered office is given on the Information page.
2.Accounting policies
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Basis of preparation of financial statements
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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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Goldstar Creative Marketing 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.
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
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 raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Notes to the financial statements
For the Year Ended 31 May 2025
2.Accounting policies (continued)
All expenditure is inclusive of irrecoverable VAT.
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Tangible fixed assets and depreciation
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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.
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:
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Liabilities and provisions
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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.
The Company 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.
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company 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.
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Notes to the financial statements
For the Year Ended 31 May 2025
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Income from donations and legacies
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Reaching Communities Fund
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Henry Smith Charitable Trust
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The City Bridge Trust - Propel
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Expenditure on raising funds
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Costs of raising voluntary income
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Notes to the financial statements
For the Year Ended 31 May 2025
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Analysis of expenditure on charitable activities
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Independent examiner's remuneration
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Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts
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Fees payable to the Company's independent examiner in respect of:
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All other services not included above
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Trustees' remuneration and expenses
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During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
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During the year ended 31 May 2025, no Trustee expenses have been incurred (2024 - £NIL).
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Notes to the financial statements
For the Year Ended 31 May 2025
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GOLDSTAR CREATIVE MARKETING
(A company limited by guarantee)
Notes to the financial statements
For the Year Ended 31 May 2025
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Statement of funds - current year
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Designated funds have been set aside to finance the charity’s mentoring and training programme during the next financial year.
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