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2025-04-05-accounts

Charity number: 1140855

THE ORP FOUNDATION

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

THE ORP FOUNDATION

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 4
Independent auditors' report on the financial statements 5 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 20

THE ORP FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025

Trustees Sue Oppenheimer, Chair
Russell Oppenheimer
Amy Hodge
Jennifer Edmonds (appointed 12 June 2024)
Sarah Lou Newman
Adam Sanitt (Resigned 11 June 2024)
Zack Newman (Resigned 10 March 2025)
Charity registered
number
1140855
Principal office
PO Box 67685
London
NW11 1LP
Independent auditors
BKL Audit LLP
Chartered Accountants
35 Ballards Lane
London
N3 1XW
Bankers
Triodos Bank
Deanery Road
Bristol
BS1 5AS
Solicitors
Bates Wells & Braithwaithe London LLP
2-6 Cannon Street
London
EC4M 6YH

Page 1

THE ORP FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

The Trustees present their annual report together with the audited financial statements of The Orp Foundation for the 6 April 2024 to 5 April 2025.

Objectives and activities

a. Policies and objectives

The objectives of the charity as per it's governing document are :

The Trustees shall hold the trust fund and its income upon trust to apply them for all objects which are regarded as exclusively charitable under the law of England and Wales.

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)'.

b. Activities undertaken to achieve objectives

The Trustees undertake to give grants to other charitable bodies in order to achieve it's objectives. Grants given are at the full discretion of the Trustees, who hold regular meetings to discuss potential grant giving opportunities.

c. Main activities undertaken to further the Charity's purposes for the public benefit

The charity undertakes to further it's purposes for the public benefit through the giving of grants to other charitable bodies as it sees fit.

Achievements and performance

a. Main achievements of the Charity

The Charity has continued with it's grant giving programme during the year, giving a total of 19 grants (2024: 14) to 19 organisations (2024: 14) totalling £293,347 (2024: £234,180).

Financial review

a. Going concern

The Charity has minimal fixed costs, with the main source of expenditure being grants made to institutions which can be made at the discretion of the Trustees. Furthermore, the Charity had a healthy net asset postion, mostly consisting of cash and liquid investments.

b. Reserves policy

It is the policy of the Charity to maintain unrestricted funds which are the free reserves of the Charity at a level which allows the Charity to raise sufficient income to pay annual charitable donations at the discretion of the Trustees from time to time. This policy was met at the year end. The Trustees have signed the Divest-Invest pledge and are working to exclude income generated from fossil fuels.

c. Financial risk management objectives and policies

The Trust's work is entirely reliant on donation income and investment returns from its endowments. There is an Investment Committee that looks after the investments. The Trustees have asked the investment committee to seek a balance between capital preservation and income growth and to pursue a relatively low risk investment strategy.

d. Risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular, those related to the operations and finances of the Trust and are satisfied that systems are in place to mitigate their exposure to the major risks.

Page 2

THE ORP FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

e. Review of the Year

During the year the Charity had total income of £275,460 (2024: £199,009) from investments. Expenditure totalled £339,731 (2024: £266,221) being £11,495 (2024: £7,593) of investment management fees, £293,347 (2023: £234,180) of grant expenditure and £34,889 (2024: £24,448) on support costs. There was a loss on investment revaluation of £358,452 (2024: gain of £227,244). All income, expenditure and investment gains/ losses for both years were entirely unrestricted. Funds carried forward at the year end totalled £6,185,733 (2024: £6,608,456), being entirely unrestrcted in nature.

Structure, governance and management

a. Constitution

The charity is an unincorporated trust, formed under a Trust Deed dated 2 March 2011, and is registered with the Charity Commission.

b. Methods of appointment or election of Trustees

The Orp Foundation has five Trustees who will each serve for an initial term of three years, renewable by reappointment for two further terms. Each Trustee can nominate charities that they wish to receive grants in relation to their family's share of the original endowment. The Trustees meet on a quarterly basis and discuss their broad strategy and priorities for the year. The Investment Committee produce a written financial report for Trustees prior to all Trustee meetings.

New Trustees are given training as seen appropriate.

Statement of Trustees' responsibilities

The Trustees 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).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity 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:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.

Page 3

THE ORP FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, BKL Audit LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Sue Oppenheimer

Sue Oppenheimer

Chair of Trustees

Date: 14/01/2026

Page 4

THE ORP FOUNDATION

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ORP FOUNDATION

Opinion

We have audited the financial statements of The Orp Foundation (the 'charity') for the year ended 5 April 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 5

THE ORP FOUNDATION

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ORP FOUNDATION (CONTINUED)

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditors' report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 6

THE ORP FOUNDATION

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ORP FOUNDATION (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, ommission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Page 7

THE ORP FOUNDATION

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ORP FOUNDATION (CONTINUED)

manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

BKL Audit LLP

BKL Audit LLP

Chartered Accountants Statutory Auditor 35 Ballards Lane

London

N3 1XW

Date: 15/01/2026

BKL Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 8

THE ORP FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

Note
Income from:
Investments
2
Total income
Expenditure on:
Raising funds
3
Charitable activities
5
Total expenditure
Net movement in funds before other recognised
gains/(losses)
Other recognised gains/(losses):
Other (losses)/gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
275,460
275,460
11,495
328,236
339,731
(64,271)
(358,452)
(422,723)
6,608,456
(422,723)
6,185,733		 Total
funds
2025
£
275,460
275,460
11,495
328,236
339,731
(64,271)
(358,452)
(422,723)
6,608,456
(422,723)
6,185,733		 Total
funds
2024
£
199,009
199,009
7,593
258,628
266,221
(67,212)
227,244
160,032
6,448,424
160,032
6,608,456

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 20 form part of these financial statements.

Page 9

THE ORP FOUNDATION

BALANCE SHEET AS AT 5 APRIL 2025

Note
Fixed assets
Investments
10
Current assets
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Unrestricted funds
12
Total funds		 122,655
122,655
(12,000)		 2025
£
6,075,078
6,075,078
110,655
6,185,733
6,185,733
6,185,733
6,185,733		 253,919
253,919
(5,000)		 2024
£
6,359,537
6,359,537
248,919
6,608,456
6,608,456
6,608,456
6,608,456

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Sue Oppenheimer

Sue Oppenheimer

Chair of Trustees

Date: 14/01/2026

The notes on pages 11 to 20 form part of these financial statements.

Page 10

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

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 Charities Act 2011.

The ORP Foundation 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.

1.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.3 Expenditure

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.

Expenditure on raising funds includes all expenditure incurred by the Charity 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 Charity'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.

All expenditure is inclusive of irrecoverable VAT.

1.4 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.

Social investments held as fixed assets are shown at cost less provision for impairment.

Page 11

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1. Accounting policies (continued)

1.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.6 Liabilities and provisions

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.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

1.7 Financial instruments

The Charity 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.

1.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

2. Investment income

Unrestricted
funds
2025
£
Investment income from investment portfolio
261,878
Bank interest
13,582
275,460		 Total
funds
2025
£
261,878
13,582
275,460

Page 12

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

2. Investment income (continued)

Investment income from investment portfolio
Rental income from social investments
Bank interest		 Unrestricted
funds
2024
£
186,074
8,700
4,235
199,009		 Total
funds
2024
£
186,074
8,700
4,235
199,009

3. Investment management costs

Investment management fees
Investment management fees		 Unrestricted
funds
2025
£
11,495
Unrestricted
funds
2024
£
7,593		 Total
funds
2025
£
11,495
Total
funds
2024
£
7,593

4. Analysis of grants

Grants to Total
Institutions funds
2025 2025
£ £
Grants, supporting good causes 293,347 293,347

Page 13

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

4. Analysis of grants (continued)

Grants to Total
Institutions funds
2024 2024
£ £
Grants, supporting good causes 234,180 234,180

The Charity has made the following material grants to institutions during the year:

Name of institution
The Anna Freud Centre
GARAS
Trees For Life
Wild Card
Empathy Action
Energise South Downs
Govan Community Project
Chess In Schools and Communities
SOS-UK/Teach the Future
A Future without Rubbish
Marine Conservation Society
School Food Matters
National Oceanography Centre
The Garden Classroom
Just Kidding
CHEM Trust
Brent Music Academy
FODI
Young Wilders
Re-Cycle Bikes for Africa
Other grants to institutions		 2025
£
-
10,000
-
20,000
15,500
24,226
23,636
24,000
5,000
5,000
25,000
15,000
25,000
15,000
10,000
20,500
9,735
10,000
25,000
10,000
292,597
750
293,347		 2024
£
10,000
-
10,000
-
-
24,226
23,454
24,000
5,000
-
25,000
25,000
25,000
25,000
-
-
-
-
-
-
196,680
37,500
234,180

One grant to other institutions for £750 (2024: 4 grants for £37,500)

Page 14

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

5. Analysis of expenditure on charitable activities

Summary by fund type

Supporting good causes
Supporting good causes		 Unrestricted
funds
2025
£
328,236
Unrestricted
funds
2024
£
258,628		 Total
2025
£
328,236
Total
2024
£
258,628

6. Analysis of expenditure by activities

Supporting good causes
Supporting good causes		 Activities
undertaken
directly
2025
£
18,813
Activities
undertaken
directly
2024
£
16,978		 Grant
funding of
activities
2025
£
293,347
Grant
funding of
activities
2024
£
234,180		 Support
costs
2025
£
16,076
Support
costs
2024
£
7,470		 Total
funds
2025
£
328,236
Total
funds
2024
£
258,628

Page 15

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

6. Analysis of expenditure by activities (continued)

Analysis of support costs

IT costs
Subscriptions
Bank charges
Insurance
Employee expenses
Trustee reimbursements
Governance costs		 Supporting
good
causes
2025
£
298
2,044
8
240
43
587
12,856
16,076		 Total
funds
2025
£
298
2,044
8
240
43
587
12,856
16,076

Governance costs comprise entirely of fees paid to the Auditors for the preparation and audit of the accounts.

IT costs
Insurance
Employee expenses
Governance costs		 Activities
2024
£
1,151
367
766
5,186
7,470		 Total
funds
2024
£
1,151
367
766
5,186
7,470

Page 16

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

7. Auditors' remuneration

2025 2024
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 9,600 -
Fees payable to the Charity's auditor in respect of:
The preparation of accounts 2,400 -
All non-audit services not included above - 5,000

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
15,790
1,657
1,366
18,813		 2024
£
14,489
1,668
821
16,978

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
Average number of employees 1 1

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 5 April 2025, expenses totalling £587 were reimbursed or paid directly to 1 Trustee (2024 - £NIL to Trustee) .

Page 17

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

10. Fixed asset investments

Cost or valuation
At 6 April 2024
Additions
Disposals
Revaluations
At 5 April 2025
Net book value
At 5 April 2025
At 5 April 2024
11.
Creditors: Amounts falling due within one year
Accruals and deferred income		 Listed
investments
£
6,309,167
-
(4,112)
(358,452)
5,946,603
5,946,603
6,309,167		 Cash on
portfolio
£
50,370
78,105
-
-
128,475
128,475
50,370
2025
£
12,000		 Total
£
6,359,537
78,105
(4,112)
(358,452)
6,075,078
6,075,078
6,359,537
2024
£
5,000

Page 18

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

12. Statement of funds

Statement of funds - current year
Balance at 6
April 2024
£
Unrestricted funds
General Funds
6,608,456
Statement of funds - prior year
Balance at
6 April 2023
£
Unrestricted funds
General Funds
6,448,424		 Income
£
275,460
Income
£
199,009		 Expenditure
£
(339,731)
Expenditure
£
(266,221)		 Gains/
(Losses)
£
(358,452)
Gains/
(Losses)
£
227,244		 Balance at 5
April 2025
£
6,185,733
Balance at
5 April 2024
£
6,608,456

Page 19

THE ORP FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Fixed asset investments
6,075,078
Current assets
122,655
Creditors due within one year
(12,000)
Total
6,185,733		 Total
funds
2025
£
6,075,078
122,655
(12,000)
6,185,733

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
6,359,537
253,919
(5,000)
6,608,456		 Total
funds
2024
£
6,359,537
253,919
(5,000)
6,608,456

14. Related party transactions

There were two related party transactions in the year ended 5 April 2025, amounting to £15,000 ( £Nil 2024). The transactions consisted of a grant to Gloucestershire Action for Refugees of £10,000, with whom the charity shares a Trustee, and a grant to A Future without Rubbish of £5,000, of which a trustee has a personal connection to.

Page 20

The Orp Foundation

PO Box 67685, London, NW11 1LP

Date:

14/01/2026

Your ref: O0285

BKL Audit LLP 35 Ballards Lane London N3 1XW

Dear Sirs

The Orp Foundation

This representation letter is provided in connection with your audit of the financial statements of the Charity for the year ending 5 April 2025 for the purpose of expressing an opinion as to whether the financial statements give a true and fair view of the results and financial position of the Charity in accordance with the Charities Act 2011 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

GENERAL

  1. We have fulfilled as trustees our responsibility under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice) which give a true and fair view and for making accurate representations to you. All the accounting records have been made available to you for the purpose of your audit and all the transactions undertaken by the Charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and shareholders meetings, have been made available to you.

  2. We confirm that the financial statements are free of material misstatements, including omissions.

  3. We believe that the effect of uncorrected misstatements is immaterial both individually and in total. We further confirm that we have reviewed the attached summary of unadjusted errors and that these errors have not been adjusted because each individual error is not material and the aggregated effect on the financial statements of all unadjusted errors is not material.

  4. We understand that, under the FRC Ethical Standard, the provision of audit and non-audit services by you to ourselves gives rise to a potential threat to independence. We confirm that you have explained to us the threats and the safeguards that you have put in place to address the potential self-review threat. We confirm that we have discussed the draft accounts and final journals and agree to inclusion of the attached journals in the final accounts.

Registered charity no. 1140855

The Orp Foundation

PO Box 67685, London, NW11 1LP

INTERNAL CONTROL

  1. We acknowledge our responsibility for the design and implementation of internal control systems to prevent and detect fraud. We confirm that following our risk assessment, in our opinion, the financial statements are not materially misstated as a result of fraud.

  2. We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements. We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others.

ASSETS AND LIABILITIES

  1. We confirm that assets are included on the balance sheet at no more than their recoverable amounts and that liabilities are included at their expected cost to the Charity.

  2. We confirm that the Charity has satisfactory title to all assets and there are no liens or encumbrances on the Charity’s assets, except for those that are disclosed in the notes to the financial statements.

  3. We confirm that we have recorded or disclosed, as appropriate, all liabilities, both actual and contingent, and have disclosed in the notes to the financial statements all guarantees that have been given to third parties.

  4. We confirm that we have no plans or intentions that may materially alter the carrying value or classification of assets and liabilities reflected in the financial statements.

  5. We confirm that despite the name on the petty cash bank account, it is held for the benefit of The Sobell Foundation and should be included in the accounts.

ACCOUNTING ESTIMATES

  1. Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.

LEGAL CLAIMS

  1. We confirm that all claims in connection with litigation that have been, or are expected to be received have been properly accrued for in the financial statements.

LAWS AND REGULATIONS

  1. We confirm that we are not aware of any irregularities, including fraud, involving management or employees of the Charity; nor are we aware of any breaches or possible breaches of statute, regulations, contracts, agreements or the Charity's constitution which might prejudice the Charity's going concern status or that might result in the Charity suffering significant penalties or other loss. We further confirm that no allegations of such irregularities, including fraud, or such breaches have come to our notice.

TRANSACTIONS WITH RELATED PARTIES

  1. We confirm that all transactions with related parties have been disclosed in the financial statements.

Registered charity no. 1140855

The Orp Foundation

PO Box 67685, London, NW11 1LP

We have made available to you all relevant information concerning such transactions and are not aware of any other matters in addition to those disclosed in the financial statements which require disclosure in order to comply with the requirements of Charity Law or Accounting Standards.

POST-BALANCE SHEET EVENTS

  1. We confirm that there have been no events since the balance sheet date which necessitate revision of the figures included in the financial statements or inclusion of a note thereto. Should further material events occur, which may necessitate revision of the figures included in the financial statements or inclusion of a note thereto, we will advise you accordingly.

GOING CONCERN

  1. We believe that the Charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding and or support will be more than adequate for the Charity's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the Charity's ability to continue as a going concern need to be made in the financial statements.

OTHER MATTERS

  1. We confirm that no Trustees were reimbursed for any expenses during the year apart from those reimbursements disclosed in the accounts.

  2. We confirm grant commitments are materially complete in the accounts.

We confirm to the best of our knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that we can properly make each of the above representations to you.

We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that, so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware. Each trustee has taken all the steps that he/she ought to have taken as a trustee in order to make himself/herself aware of any relevant audit information and to establish that you are aware of that information.

Yours faithfully

Sue Oppenheimer

The Orp Foundation

Signed on behalf of the Board of Trustees

Registered charity no. 1140855

2025 Accounts Pack - The Orp Foundation

Final Audit Report 2026-01-15

Created: 2026-01-14 By: Cheryl Herbertson (Cheryl.Herbertson@bkl.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAAdSj6Cr7OVHnhB4UzgrrZqObVwHxs3Mc

"2025 Accounts Pack - The Orp Foundation" History

Document created by Cheryl Herbertson (Cheryl.Herbertson@bkl.co.uk)

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Document emailed to sueoppenheimer@gmail.com for signature

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Document e-signed by Sue Oppenheimer (sueoppenheimer@gmail.com)

Signature Date: 2026-01-14 - 3:41:29 PM GMT - Time Source: server- IP address: 92.21.139.220

Document emailed to Edward Passmore (ed.passmore@bkl.co.uk) for signature 2026-01-14 - 3:41:32 PM GMT

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Signer Edward Passmore (ed.passmore@bkl.co.uk) entered name at signing as BKL Audit LLP 2026-01-15 - 9:46:14 AM GMT- IP address: 90.242.164.224

Document e-signed by BKL Audit LLP (ed.passmore@bkl.co.uk)

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Agreement completed.

2026-01-15 - 9:46:16 AM GMT