Contents of the Financial Statements
for the Period Ended 31 March 2025
Directors' report period ended
31 March 2025
The directors present their report with the financial statements of the company for the period ended 31 March 2025
Principal activities of the company
Aims, Objectives and Activities
Global Link’s aim is to create ‘Reflective, caring and cohesive communities in a just and sustainable
world’. Our mission statement is ‘Creative Learning and Action for a more just and sustainable world.’
Global Link is a Development Education Centre, providing creative and participatory learning experiences, to
increase awareness of the global dimension and action towards a more fair and sustainable world. These
include the 8 key concepts of: global interdependence, values and perceptions, sustainable development,
social justice, diversity, citizenship, human rights, and conflict resolution.
We are now the leading local charity providing integration, community cohesion, advocacy and casework
support to asylum seekers and refugees which forms the bulk of our work.
Strategic Goals
Activities
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit
when reviewing our aims and objectives and in planning our future activities. These activities fit within the
following descriptions of charitable purposes as set out in the Charities Act, for the benefit of the public:
The advancement of education.
The advancement of citizenship.
The advancement of human rights, conflict resolution, and the promotion of racial harmony, equality
and diversity.
The advancement of environmental protection or improvement.
Further details of our activities for the year are contained within the Chairperson and Executive Director reports
on pages 2-5 of these financial statements.
Educational Resources
Our resource centre holds a variety of teaching packs, books, Persona Dolls, exhibitions, story boxes, artefacts
and games available for loan.
Websites
The Global Link website is kept regularly updated with news items and resources produced through Global
Link, including digital stories. Global Link operates a Facebook page which shares regular updates directly to
the website.
Global Link designed and created three further heritage websites www.documentingdissent.org.uk,
www.learningfromthepast.net and more recently www.migrationstoriesnw.uk
Global Link has also created the first website ‘by refugees, about refugees, for refugees’ which contains an
abundance of useful information www.refugeehome.uk but is currently not operational as the time required to
maintain it is not funded.
Volunteers
This year we had approximately 50 people volunteering for Global Link, mainly, but not exclusively, asylum
seekers and refugees, who adopt a variety of roles, from heritage researchers, IT administration, construction
and interior decorating, cooking and gardening, interpretation and casework support.
Members
We have no paying members. Indeed, we have decided that we will amend the membership section of our
constitution to reflect the changing nature of our organisation.
Plans for the Future
We are consolidating our work as a refugee support community education centre.
We continue to seek funding for global education, particularly relating to local action related to sustainability,
Statement of Trustees’ responsibilities
The trustees (who are also the directors of Global Link (Lancaster) Limited for the purposes of company law)
are responsible for preparing the Trustees Annual Report and the financial statements in accordance with
applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the
trustees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 charitable company and the income and expenditure of the charitable
company for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principals in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements and;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position
of the charitable 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 charitable company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
in our commitment to address climate change. We continue to develop our community heritage projects.
Risk Management
The Risk register is reviewed annually. We continue to regularly review the strategic plan, and the Executive
Director provides detailed narrative and financial quarterly reports to each Trustee meeting.
Financial Review
Income and expenditure was as per the planned budget, and similar to the previous year.
The Charity remains in a healthy financial position and we are hopeful that this will continue for the next few
years.
Funds held at year end
The accounts show funds of £585,194 of which £144,243 are restricted funds and £440,951 are unrestricted.
£271,972 of these unrestricted reserves are designated to a buildings reserve and £69,901 are held in the
revaluation reserve as per the reserves policy set out below.
The balance of the unrestricted funds, £99,078 are not restricted in purpose by the funder, but have been
raised to further Global Link’s planned activities and priorities and will be spent on mortgage repayment
activities and operating costs in 2025-2026, in accordance with those plans and the expectations of funders.
Reserves Policy
The charity has a reserves policy, which identifies the restricted and designated funds required to meet future
commitments, and a minimum level of unrestricted reserves to ensure that Global Link’s core activity could
continue during a period of unforeseen difficulty. This has been calculated at approximately £44,575, which is
6 months of staffing and overhead costs.
Funders
None of our work would have been possible without funding this year from the Big Lottery Fund (including
Reaching Communities, the Heritage Lottery Fund and Awards for All), Lancaster City Council, Lancashire
County Council, the Henry Smith Trust, Pots of Possibility, Keystone, the £5k from Evan Cornish and NERC.
Directors
The directors shown below have held office during the whole of the period from
1 April 2024
to
31 March 2025
John Hammond (Chair)
Caroline Jackson
Patrice Van Cleemput
John Braithwaite
The director shown below has held office during the period of
1 April 2024
to
14 February 2025
Omar Jouzdan
The director shown below has held office during the period of
1 April 2024
to
27 June 2024
Debbie Mace
The director shown below has held office during the period of
1 April 2024
to
30 May 2024
Thomas Cahill
The directors shown below have held office during the period of
1 October 2024
to
31 March 2025
Winsa Anam
Cliodhna Mulhern
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
22 December 2025
And signed on behalf of the board by:
Name: John Hammond (Chair)
Status: Director
Profit And Loss Account
for the Period Ended
31 March 2025
|
2025
|
2024
|
|
£
|
£
|
| Turnover: |
415,590
|
511,301
|
| Gross profit(or loss): |
415,590
|
511,301
|
| Administrative expenses: |
(
391,306
)
|
(
379,179
)
|
| Operating profit(or loss): |
24,284
|
132,122
|
| Profit(or loss) before tax: |
24,284
|
132,122
|
| Profit(or loss) for the financial year: |
24,284
|
132,122
|
Balance sheet
As at
31 March 2025
|
Notes |
2025
|
2024
|
|
|
£
|
£
|
| Fixed assets |
| Tangible assets: |
3 |
444,721
|
386,786
|
| Total fixed assets: |
|
444,721
|
386,786
|
| Current assets |
| Debtors: |
4 |
15,595
|
79,596
|
| Cash at bank and in hand: |
|
216,801
|
141,695
|
| Total current assets: |
|
232,396
|
221,291
|
| Creditors: amounts falling due within one year: |
5 |
(
24,755
)
|
(
22,523
)
|
| Net current assets (liabilities): |
|
207,641
|
198,768
|
| Total assets less current liabilities: |
|
652,362
|
585,554
|
| Creditors: amounts falling due after more than one year: |
6 |
(
67,168
)
|
(
94,644
)
|
| Total net assets (liabilities): |
|
585,194
|
490,910
|
| Members' funds |
| Profit and loss account: |
|
585,194
|
490,910
|
| Total members' funds: |
|
585,194
|
490,910
|
The notes form part of these financial statements
Balance sheet statements
For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
This report was approved by the board of directors on
22 December 2025
and signed on behalf of the board by:
Name:
John Hammond (Chair)
Status: Director
The notes form part of these financial statements
Notes to the Financial Statements
for the Period Ended 31 March 2025
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102
Tangible fixed assets depreciation policy
Tangible fixed assets
Tangible fixed assets are stated at cost, except for certain properties held at revaluation. Depreciation is
provided to write assets down to their residual values over their useful lives. Revaluation gains are taken to
a revaluation reserve within designated funds.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life:
Buildings - 2% straight line
Computer and office Equipment - 25% straight line
Other accounting policies
Accounting policies
Legal form
The charity constitutes a limited company, limited by guarantee as defined by the Companies Act 2006,
incorporated in England and Wales. The address of the charity, the nature of its operations and its principal
activities are all detailed in the Trustees’ report and charity administrative details pages in these financial
statements.
Basis of accounting
The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been
prepared in accordance with the accounting policies set out in note to the accounts and comply with the
charity’s governing document, the Charities Act 2011 and 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).
The financial statements have been prepared on a going concern basis under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.
Preparation of the accounts on a going concern basis
At the time of approving the financial statements, the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. Thus the
directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Income
Donations and other forms of voluntary income are recognised as incoming resources when receivable,
except insofar as they are incapable of financial measurement. No income is shown net of expenditure.
Grant income is recognised where there is entitlement, certainty of receipt and the amount can be
measured with sufficient reliability.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred and where there is a legal or
constructive obligation to make payments to third parties, it is probable that the settlement will be required
and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Support costs are those which assist the work of the charity but do not directly represent charitable activities.
Where costs cannot be directly attributed to a particular heading, they have been allocated on a basis
consistent with the use of the resources.
Cash and cash equivalents
Cash includes deposits held on call at banks and cash in hand.
Tangible fixed assets
Tangible fixed assets are stated at cost, except for certain properties held at revaluation. Depreciation is
provided to write assets down to their residual values over their useful lives. Revaluation gains are taken to
a revaluation reserve within designated funds.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life:
Buildings - 2% straight line
Computer and office Equipment - 25% straight line
Debtors and creditors
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded
at transaction price. Any losses arising from impairment are recognised in expenditure.
Grants received in advance of the period in which the funder requires the expenditure to be applied will be
shown as deferred income on the balance sheet.
Pension costs
The charity operates a defined contribution pension scheme. Contributions are charged to the accounts as
they become payable in accordance with the rules of the scheme.
Accumulated funds
Unrestricted funds – these are available for us at the discretion of the trustees in furtherance of the general
activities of the charity.
Designated funds – these are unrestricted funds set aside by the trustees for particular purposes.
Restricted funds – these are subjected to restrictions on their expenditure imposed by the donor.
Taxation
The charity is recognised by the Inland Revenue as a UK Charity and is entitled to exemptions from
corporation tax.
Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12
‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity’s balance sheet when the Charity becomes party to
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present
value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment
loss is recognised in the statement of comprehensive income.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment not previously been recognised. The
impairment reversal is recognised in the statement of comprehensive income.
De-recognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire
or are settled, or when the company transfers the financial asset and substantially all the risks and rewards
of ownership to another entity, or if some significant risks and rewards of ownership are retained but control
of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third
party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value
of the future receipts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised. Debt instruments are
subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course
of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
De-recognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged
or cancelled.
Notes to the Financial Statements
for the Period Ended 31 March 2025
-
2. Employees
|
2025 |
2024 |
| Average number of employees during the period |
13
|
14
|