**Page** - - - - - - - - OCS FOUNDATION TRUSTEES, REPORT (continued) FINANCIAL REVIEW The Foundation generated £7,8W (31 December 2020: £7,213) from general donations and fundraising activitie5 in the year. Donation income included a voluntary cbnation made by OCS staff when purchasing eventticketsot major leisure and sporting venues in the UK, where OCS has corporate boxes. A donation is also made by OCS Group UK Limited on the sale of bott￿￿ water in its irphouse catering facilities. For each bottle of water sold to an OCS employee, OCS mokes o small donation to the OCS Foundation. O.C.S. Group Limited olso made donations in kind of £a,353 (31 December 2020.. £16,318) relating to the Supply of item5 and services, including support to liaise with progrom partners and help identify opportunities and condidates. As at 31 December 2021, unrestricted funds were £83,070131 December 2020.. £114,597). The decline in voluntary donations on corporate ticket sales and bottled woter in 2021 was lorgely due to fewer corporate events being held and temporary canteen closure5 as a result of the Covid-19 pandemic. A dor)ation of service is recognised for instance5 where O.C.S. Group Lirnited cover operating cost5 of the Foundation. Policies lor reserves and key rnanagement remuneration As at 31 December 2021, unrestricted funds were £83,070131 December 2020.. £114,591.The Trustees have not deemed it nece55ary to set a minimum level of free reserve5 beyond existing fur)ds as the Foundation will not cornmit to expenditure beyond its existing level of reserve5. The Trustee5 are the key management of the charity and are not rernunerated. Some administration services are donated by O.C.S. Group Limited staff which cannot be easily quantified and the value of these is not included within the account Cov1￿19 During 2021, the COVIL>19 pandemic again created an unprecedented period of disruption with significant impact on people 5 health and well-being, the global healthcare system, the global economy ar)d the freedom of movement of people. The Charity entered 2021 in a good financial p051tion with net assets of £114,597 and no immediate or Short term committed spend. Whilst the continued effect5 of the pandemic are unpredictable, the Trustees believe the impact will not affect the ability of the Charity to continue with the planned objectives. The cornmitment to the existing "People Into Work. program, as set out on poge 3, has continued during the pondernic period but the Trustees acknowledge that the planned pilot exter)sions for 2021 now need to be extended into 2022. The Foundation hos funding in ploce to support the progrom pilot extension5. Going concern Having assessed the Charity'5 financial position, effect5 of COVIL>19 or)d its plans for the foreseeable futureand at least twelve months from the date of signing this report, the Trustees are satisfied that the going concern assurnption is an appropriate basis on which to prepare these financial 5tatement5. The Charity has Sufficient cash to cover costs expected to be incurred in the next 12 months, but much of the Charity's C05t base is uncommitted and could be reduced if necessary. Subsequent events There have been no Subsequent event5. - - - - - - - - - - - OCS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES Cincluding income and expenditure account) Year ended 31 December2021 Note Unrestricted funds Year ended 31 Decernber 2021 Unrestricted funds Year ended 31 December 2020 INCOME FROM.. Donation5 41,252 23,531 TOTAL INCOME 41,252 23,531 EXPENDITURE ON.. Charitable octivities 112,779) (16,5 TOTAL EXPENDITURE 112,779) (16,535) NET (EXPENDITUROIINCOME FOR THE YEAR AND NET MOVEMENT IN FUNDS (31,524 6,996 RECONCILIATION OF FUNDS Total funds brought forward Net movement in funds for the yeor 114,597 (31.52n 107,601 6,996 NET ASSETS 83,070 114,597 There were no other recognised gains or losses other than those listed above. All income ond expenditure derive from continuing octivities. The accounting policies and notes on pages11 to 14 form part of these financial statements. OCS FOUNDATION BALANCE SHEET Year ended 31 December 2021 31 Decernber 2021 31 Decernber 2020 CURRENT ASSETS Cash ot bank and in hand Accrued income 82,124 3,646 114,597 CURRENT LIABILITIES Accrued liabilities 12,700) NET ASSETS 83,070 114,597 FUNDS Unrestricted funds: General fund 83,070 114,597 TOTAL FUNDS 83,070 114,597 For the financial period ended 31 December 2021 the company was entitled to exernption under Section 477 of the Companies Act 2006 relating to small companies. No member5 have required the company to obtain an audit of its accounts for the period ended 31 December 2021 in accordance with section 476 of the Companie5 Act 2006. The Directors acknowledge their responsibility for complying with the requirement5 of the Componies Act 2006 with respect to accounting records and for the preparation of accounts. These accounts have been prepared in occordance with the provisions applicable to companies subject to the small companie5 regime. These financial statement5 were approved by the Board of Tru5tee5 and outhorised for issue on 4 May 2022. They were signed on its behalf by.. Marianne Holgate Chair of Trustees Company Registration No. 09296817 Registered Charity No. 1161462 - - -