2022-01-31-accounts

Registered Charity No. 1114385

ORDINARY 2 EXTRAORDINARY

ANNUAL REPORT AND FINANCIAL STATEMENTS

31 JANUARY 2023

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Ordinary 2 Extraordinary

Trustees Report for the Year Ended 31 January 2023

Reference and Administrative Details

Patrons:

Chris Moon MBE Mike Stroud OBE

Directors:

Anthony Padgett Paul Slattery Michael Brunker David Davies

Officers:

David Davies: Company Secretary

Registered Address:

Parklands, Park View Road, Woldingham, Caterham CR3 7DL

Bankers:

National Westminster Bank Plc

Solicitors:

DLA Piper Pudnick Gray Cary UK LLP 101 Barbirolli Square, Manchester, M2 3DL

Charity Registration Number:

1114385

Company Registration Number:

05692401

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Ordinary 2 Extraordinary

Trustees’ Report

For the Year Ended 31 January 2023

The Trustees present their report and financial statements for the year ended 31 January 2023.

Objects and Activities of the Company

Ordinary 2 Extraordinary (“O2e”) was founded to encourage sporting achievements in like - minded people who push themselves to their limits whilst raising money for the benefit of terminally ill and/or disabled children in the UK. Donations granted are to nominated charities.

Format of Accounts

The financial statements on pages 5 to 7 have been drawn up in compliance with ’Accounting and Reporting by Charities: Statement of Recommended Practice’ (revised 2005) and the Financial Reporting Standard for Smaller Entities (effective January 2005).

Financial Results and Commentary

During the year to 31 January 2023 O2e raised £290,357 through donations and fund raising events and made donations to nominated charities of £196,500. The total amount raised since the inception of O2e is £3,734,073 and the total of donations awarded to charities is £2,801,274.

O2e has almost no overheads as the organisation is run by volunteers and the costs of fund raising are met by the event participators and the directors. The only overhead costs are bank charges and the monthly Just Giving cost for processing of online donations and Gift Aid (which provides a net uplift on every donation received).

The difference between total receipts and donations is due to receipts of advanced deposits from participants for future fund raising events, which are reported as “costs of generating income” in compliance with accounting practice.

Structure, Governance and Management

O2e is a registered charity and a company incorporated by guarantee with no share capital, exempted under section 60 of the Companies Act 2006 from the requirement to use “limited” as part of its name.

The rules of the company are prescribed in the company’s memorandum and articles of association.

The members of the company are the directors of the company: Anthony Padgett, Paul Slattery, Michael Brunker (Chairman) and David Davies (Company Secretary). The directors of the company are responsible for managing the business of the charity and may exercise all the powers of the charity.

The charity may appoint a new director by ordinary resolution.

Unrestricted Reserves Policy

The charity has no paid employees or overhead costs. The charity, therefore, only maintains sufficient reserves to provide working capital in respect of fund raising events and aims to distribute to its nominated child related charities all remaining funds.

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Ordinary 2 Extraordinary

Trustees’ Report (continued)

For the Year Ended 31 January 2023

Achievements and Performance

Following the COVID pandemic and the resumption of the main annual event (Kev’s Big Ride) the charity continues to build on the tremendous achievements of the preceding years. The Golf Day and November Ball were also successful and the total amount of money raised in the year was a record £290,357 (2022: £190,637).

Involvement of volunteers:

All events are organised by teams of individuals directly. The O2e management team aids in coordinating the events, raising awareness, providing a central coordination function and ensuring governance. Consistent with O2e principles, none of the participants (including the management team and directors) are paid for their activities. Almost all costs associated with the activities and the administration of the company are funded by the directors and participants.

Fund raising activities:

Fund raising activities involved individuals and groups undertaking a variety of challenges in return for charitable donations.

The directors are pleased to report a record year for fundraising of £290,357 .

Donations granted in the year ended 31 January 2023 totalled £196,500 and comprised:

Get Kids Going 4,000 ELHAP 27,500 CASPA 27,500 Sparkle 27,500 St. Elizabeth’s 27,500 Freddie Farmer 27,500 The Pace Centre 27,500 Marjorie McClure School 27,500

Donations granted in the year ended 31 January 2022 totalled £210,000 and comprised:

Rutherford School 30,000 The Pace Centre 30,000 New Horizons 30,000 St. Elizabeth’s 30,000 CASPA 30,000 Sparkle 30,000 ELHAP 30,000

David Davies Company Secretary

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Statement of Trustees' Responsibilities

Charity law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of its income and expenditure for that year.

In preparing those financial statements the trustees are required to select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; prepare financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in existence.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Ordinary 2 Extraordinary

Statement of Financial Activities

For the Year Ended 31 January 2023

Note Incoming Resources Donations and event income Total Incoming Resources Resources Expended Donations granted Costs of generating income 2 Total Resources Expended Unrestricted Reserve Brought forward Net movement for the year Carried forward	2023 £ 290,357 290,357 196,500 125,673 322,173 53,059 (31,816) 21,243	2022 £ 190,637 190,637 210,000 18,487 218,487 90,909 (37,850) 53,059	2021 £ 127,467 127,467 56,000 1,850 57,850 21,292 69,617 90,909	2020 £ 223,046 223,046 160,000 61,527 221,527 19,773 1,519 21,292

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Ordinary 2 Extraordinary

Statement of Financial Position as at 31 January 2023

Current Assets Current account Current Liabilities Net Current Assets Net Assets	2023 £ 21,243 - 21,243 21,243	2022 £ 53,059 - 53,059 53,059	2021 £ 90,909 - 90,909 90,909	2020 £ 21,292 - 21,292 21,292	2019 £ 63,773 (44,000)
					19,773
					19,773

For the year ended 31 Jan 2023, the company was entitled to exemption under section 477 of the Companies Act 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for:

1. Ensuring the company keeps accounting records which comply with section 386 of the Companies Act 2006.

2. Preparing accounts which give a true and fair view of the state of affairs of the company for each financial year in accordance with section 394 of the Companies Act 2006 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts so far as applicable to the company.

The financial statements were approved by the Trustees on:

………………………………………..…………

David Davies Company Secretary

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Ordinary 2 Extraordinary

Notes to the Financial Statements

For the Year Ended 31 January 2023

1. Accounting Policies

(a) Accounting basis and standards

The financial statements have been prepared under the historical cost basis of accounting and in accordance with applicable accounting standards.

The financial statements conform with the requirements of ’Accounting and Reporting by Charities: Statement of Recommended Practice’ (revised 2005) and the Financial Reporting Standard for Smaller Entities (effective January 2005).

(b) Income and expenditure

All items of income and expenditure are accounted for on the accruals basis.

(c) Taxation

Ordinary 2 Extraordinary is a registered charity and as such is exempt from income and corporation taxes.

2. Resources Expended

Costs of generating income: Bank/governance charges Fundraising event expenses Deposit re future event Merchandise	2023 £ 779 124,894 - - 125,673	2022 £ 675 15,047 - 2,765 18,487	2021 £ 681 - 774 395 1,850	2020 £ 752 59,391 - 1,384 61,527	2019 £ 727 51,573 - -
					52,300

Consistent with all previous years, no trustee received any remuneration or expenses from the charity during the year.