**OTHERS FIRST FOUNDATION CHARITABLE INCORPORATED ORGANISATION-CIO REPORT AND FINANCIAL STATEMENT FOR THE FINANCIAL YEAR ENDED 28[TH] FEBRUARY 2022**
**Charity Registration Number: 1162307**
## **OTHERS FIRST FOUNDATION-CIO**
## **INFORMATION:**
**________________________________________________________________________________**
**Trustees Mr Ali zarei Mr Steven Goodwin Mr Stephen Infield**
**Charity Address: 1 Geron Way London NW2 6LD Bankers: Barclays bank CAF Bank**
## **OTHERS FIRST FOUNDATION-CIO**
|**CONTENTS**|**PAGE**|
|---|---|
|**______________________________________________________________________________**||
|**Trustees report**|**1**|
|**Statement of Trustees Responsibilities**|**3**|
|**Statement of Financial Activities**|**4**|
|**Balance Sheet**|**5**|
|**Notes on Financial Statement**|**6**|
## **OTHERS FIRST FOUNDATION-CIO**
## **Report of Trustees of Others First Foundation‐CIO For the financial year ending 28[th] February 2022**
The trustees present their report and financial statements for the year ended 28[th] February 2022.
## **Principal Activities**
The principle activities of the charity are to promote the voluntary sector for the purpose of public benefit by providing office space and other services required by other charities and voluntary organisations by considering the following definitions:
'The voluntary sector' means charities and voluntary organisations.
- Charities are organisations, which established for exclusively charitable purpose in accordance with the law of England and Wales.
- Voluntary organisations are independent organisations, which are established for a purpose that adds value to the community as a whole, or a significant section of the community and which are not permitted by their constitution to make a profit for private distribution.
- Voluntary organisations do not include local government or other statutory authorities.
Others First Foundation was registered as a CIO‐charity on 19[th] June 2015. The current Trustees of the Charity are as follows:
Mr. Ali Zarei, Mr. Steven Goodwin and Mr. Stephen D. Infield.
Note that original trustee member, Mr. Allen Mason, resigned March 2021 due to ill health
(The charity administration is wholly managed by volunteers. It has no paid staff)
## **Projects and activities of the others First Foundation during the financial year ending 28[th] February 2022:**
On 15[th] July 2016, The Trustees managed to find a building that was suitable for establishing a community center for the use of other charities and voluntary organizations as planned in the objectives of the charity.
(1)
The building continued to be used regularly by local charities and non‐profit voluntary organizations for their office use, daily or weekly meetings, AGMs and conferences and seminars, catering and charity events, internet and other services.
The Trustees were pleased to be able to help other charities and voluntary sectors to have a place to work from and facilitate them with their required space and services towards their charitable or humanitarian activities.
## **Income and Expenditure**
During the financial year ended 28[th] of February 2022, the income of the charity was a total of £121,469.00 which was received from private donors, gift aid and other grants.
By the end of financial year, the charity had spent a total of £115,196.00 (year 2021 = £122,107.00) for its rent, rates, insurance, utilities and other administrative expenses.
At the end of year, the cash at the bank was rounded to £17,444.00 (2021 = £13,545.00)
During the first six months of the year, the centre was only partially operational due to the Covid 19 pandemic. From July 2021, after Covid restrictions were lifted, the centre was fully operational, and run by volunteers and trustees. There was no paid staff for this financial year.
The expenses of the charity were kept to a minimum except for essential expenses such as rent, rates and utility bills, which were ongoing expenses of the charity.
Daily expenses and maintenance costs which had built up over years from one of the Trustees for £15,000, were generously donated by this trustee, converting it into a donation, and declining the offer of reimbursement by the Others First Foundation.
## **Trustees Plan**
Trustees plan to continue with their services to other charities and non‐profit organization,
- To find potential donors to help with the expenses of running the center
- To apply for grants from charities, trusts and other foundations to help supplement the running costs of the building and services.
- To continue with gift Aid claims.
- To keep the building in safe and healthy condition to use by volunteers
- To establish required policy for the charity and consider all risks and provide plans to ensure the risk free options and procedures
- To secure the policies on income and assets of the charity to prevent any fraud or misusing.
(2)
## **Statement of Trustee's responsibilities**
The Trustees are aware that they are required by law applicable to charities in England and Wales to prepare the Trustees Annual Report and financial statements for every financial year, which must give a true and fair view of the state of affairs of the charity.
- Select suitable accounting practices and ensue they are applied consistently
- Ensure accounting practices adhere to United Kingdom accounting standards
- Prepare the financial statements on a going concern basis. If the charity is to be wound up, a final closing account will be produced.
- Ensure that any financial records accurately reflect the position of the Charity and that any statement complies with the Charities Act 2011 and the provisions of the foundation’s constitution.
- The trustees are also responsible for safeguarding the assets of the charity and to take reasonable steps to detect and prevent fraud and other irregularities.
## **Risk Assessment**
During the year the trustees have assessed the major risks to which the charity may be exposed. Those risks, as identified, have been reviewed and mitigation plans put in place to deal with them.
Approved and signed by the Trustees on (Date): 9[th] September 2022
Signed by:
Ali Zarei
**(3)**
## **OTHERS FIRST FOUNDATION-CIO**
## **Statement of Financial Activities**
## **For the Year Ended 28[th] February 2022**
**_________________________________________________________________________________**
|**Note:**
**(2)**
**Income:**
Fundraising
& Grant
Gift Aid
Bank interest income
Interest- HMRC
Charities
Total Income:
Refund of Donations:
Gross Profit
**Expenses:**
**(3)**
Administrative Expenses
Refreshments
Financial Expenses:
Bank Service Charge
Project Expenses
Total Expenses:
Net Profit/(Loss) for
the year
Historical Income|**2022**
**Total**
**£**
117,468.00
4,000.00
2.00
-
121,470.00
0.00
121,470.00
3,822.00
4568.00
200.00
111,373
.
00
115196.00
6275.00
(551.00)
5724.00|**2021**
**0Total**
**£**
109431.00
-
1.00
-
109432.00|
|---|---|---|
|||0.00
109,432.00|
|||1554.00
‐
5630.00
318.00
114605.00
122107.00|
|||(12675.00)|
|||12124.00|
|||(551.00)|
All of the above results are derived from continuing activities. There were no other recognized gains or losses other than those stated above.
(4)
## **OTHERS FIRST FOUNDATION-CIO**
## **Balance Sheet**
## **For the Year Ended 28[th] February 2022**
**_________________________________________________________________________________**
|**Note:**
**(4)**
**Assets:**
Current Assets
Cash At Banks
Barclays‐53539482
CAF Bank
**Debtors:**
Prepayment Expenses
Total Assets
**Liabilities**
Current Liabilities
Creditors ‐A Zarei
London Borough of Barnet
David Menzies
Management Service
British Gas
Accrual
Legal & Advise
Total Liabilities
**Net Assets**
General
Reserves:
Current Earnings
Historical Balancing Account
General Reserves|**2022**
**Total**
**£**
16,098.00
1,346.00
7,735.00
25,518.00
158.79.00
‐
19,064.00
57100
‐
‐
(19794.00)
5,724
6275.00
(551.00)
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
5,724.00|**2021**
**Total**
**£**
6,497.00
7,049.00
1,381.00
14,927.00|
|---|---|---|
|||11,869.00
1,287.00
153.00
1,160.00
‐
1,008.00
(15477.00)|
|||551.00|
|||(£12676.00)
£12126.00
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐|
|||(551.00)|
Approved by Trustees on 9[th ] September 2022 and signed on their behalf by:
Mr. Ali Zarei -Trustee
(5)
## **OTHERS FIRST FOUNDATION-CIO**
## **Notes to the Financial Statements**
**For the Year Ended 28[th] February 2021**
**_______________________________________________________________________**
## **1. Accounting Policies**
## **1.1 Accounting Convention**
The Financial Statement have been prepared under historic cost convention
## **1.2 Compliance with Accounting Standards**
The Financial Statement has been prepared in accordance with applicable United Kingdom Accounting Standards which have been applied consistently.
## **1.3 Going Concern**
The trustees consider there are no material uncertainties about Others First Foundation’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying of assets and liabilities with in next reporting period.
## **1.4 Pensions**
The charity’s administration is wholly managed by volunteers. It has no paid staff therefore the charity does not operate employee’s pension schemes
## **2. Income**
Charity’s income was the total of the following incomes:
|Private fundraising (donations)|£26968.00||
|---|---|---|
|Grants|£90,000.00||
|Gift Aid Claim|£4000.00||
|Interest – HMRC Charities|£0.00||
|Bank interest|£2.00||
|Credit Notes|£2,525.00||
||____________||
|Total income:|£ 123,495.00||
|**3. Expenses:**|||
|Office rent & rate|£86,583.00||
|Office repair & maintenance|£7,085.00||
|Telephone & internet|£42.00||
|Refreshment|£4,568.00||
|Office Supplies
|£21.00||
|Bank service charge|£200.00||
|TV Licensing|£159.00||
|Building Insurance|£19,064.00||
||___________||
|Total Expenses:|£117722.00|(6)|
**OTHERS FIRST FOUNDATION CHARITABLE INCORPORATED ORGANISATION-CIO REPORT AND FINANCIAL STATEMENT FOR THE FINANCIAL YEAR ENDED 28[TH] FEBRUARY 2022**
**Charity Registration Number: 1162307**
## **OTHERS FIRST FOUNDATION-CIO**
## **INFORMATION:**
**________________________________________________________________________________**
**Trustees Mr Ali zarei Mr Steven Goodwin Mr Stephen Infield**
**Charity Address: 1 Geron Way London NW2 6LD Bankers: Barclays bank CAF Bank**
## **OTHERS FIRST FOUNDATION-CIO**
|**CONTENTS**|**PAGE**|
|---|---|
|**______________________________________________________________________________**||
|**Trustees report**|**1**|
|**Statement of Trustees Responsibilities**|**3**|
|**Statement of Financial Activities**|**4**|
|**Balance Sheet**|**5**|
|**Notes on Financial Statement**|**6**|
## **OTHERS FIRST FOUNDATION-CIO**
## **Report of Trustees of Others First Foundation‐CIO For the financial year ending 28[th] February 2022**
The trustees present their report and financial statements for the year ended 28[th] February 2022.
## **Principal Activities**
The principle activities of the charity are to promote the voluntary sector for the purpose of public benefit by providing office space and other services required by other charities and voluntary organisations by considering the following definitions:
'The voluntary sector' means charities and voluntary organisations.
- Charities are organisations, which established for exclusively charitable purpose in accordance with the law of England and Wales.
- Voluntary organisations are independent organisations, which are established for a purpose that adds value to the community as a whole, or a significant section of the community and which are not permitted by their constitution to make a profit for private distribution.
- Voluntary organisations do not include local government or other statutory authorities.
Others First Foundation was registered as a CIO‐charity on 19[th] June 2015. The current Trustees of the Charity are as follows:
Mr. Ali Zarei, Mr. Steven Goodwin and Mr. Stephen D. Infield.
Note that original trustee member, Mr. Allen Mason, resigned March 2021 due to ill health
(The charity administration is wholly managed by volunteers. It has no paid staff)
## **Projects and activities of the others First Foundation during the financial year ending 28[th] February 2022:**
On 15[th] July 2016, The Trustees managed to find a building that was suitable for establishing a community center for the use of other charities and voluntary organizations as planned in the objectives of the charity.
(1)
The building continued to be used regularly by local charities and non‐profit voluntary organizations for their office use, daily or weekly meetings, AGMs and conferences and seminars, catering and charity events, internet and other services.
The Trustees were pleased to be able to help other charities and voluntary sectors to have a place to work from and facilitate them with their required space and services towards their charitable or humanitarian activities.
## **Income and Expenditure**
During the financial year ended 28[th] of February 2022, the income of the charity was a total of £121,469.00 which was received from private donors, gift aid and other grants.
By the end of financial year, the charity had spent a total of £115,196.00 (year 2021 = £122,107.00) for its rent, rates, insurance, utilities and other administrative expenses.
At the end of year, the cash at the bank was rounded to £17,444.00 (2021 = £13,545.00)
During the first six months of the year, the centre was only partially operational due to the Covid 19 pandemic. From July 2021, after Covid restrictions were lifted, the centre was fully operational, and run by volunteers and trustees. There was no paid staff for this financial year.
The expenses of the charity were kept to a minimum except for essential expenses such as rent, rates and utility bills, which were ongoing expenses of the charity.
Daily expenses and maintenance costs which had built up over years from one of the Trustees for £15,000, were generously donated by this trustee, converting it into a donation, and declining the offer of reimbursement by the Others First Foundation.
## **Trustees Plan**
Trustees plan to continue with their services to other charities and non‐profit organization,
- To find potential donors to help with the expenses of running the center
- To apply for grants from charities, trusts and other foundations to help supplement the running costs of the building and services.
- To continue with gift Aid claims.
- To keep the building in safe and healthy condition to use by volunteers
- To establish required policy for the charity and consider all risks and provide plans to ensure the risk free options and procedures
- To secure the policies on income and assets of the charity to prevent any fraud or misusing.
(2)
## **Statement of Trustee's responsibilities**
The Trustees are aware that they are required by law applicable to charities in England and Wales to prepare the Trustees Annual Report and financial statements for every financial year, which must give a true and fair view of the state of affairs of the charity.
- Select suitable accounting practices and ensue they are applied consistently
- Ensure accounting practices adhere to United Kingdom accounting standards
- Prepare the financial statements on a going concern basis. If the charity is to be wound up, a final closing account will be produced.
- Ensure that any financial records accurately reflect the position of the Charity and that any statement complies with the Charities Act 2011 and the provisions of the foundation’s constitution.
- The trustees are also responsible for safeguarding the assets of the charity and to take reasonable steps to detect and prevent fraud and other irregularities.
## **Risk Assessment**
During the year the trustees have assessed the major risks to which the charity may be exposed. Those risks, as identified, have been reviewed and mitigation plans put in place to deal with them.
Approved and signed by the Trustees on (Date): 9[th] September 2022
Signed by:
Ali Zarei
**(3)**
## **OTHERS FIRST FOUNDATION-CIO**
## **Statement of Financial Activities**
## **For the Year Ended 28[th] February 2022**
**_________________________________________________________________________________**
|**Note:**
**(2)**
**Income:**
Fundraising
& Grant
Gift Aid
Bank interest income
Interest- HMRC
Charities
Total Income:
Refund of Donations:
Gross Profit
**Expenses:**
**(3)**
Administrative Expenses
Refreshments
Financial Expenses:
Bank Service Charge
Project Expenses
Total Expenses:
Net Profit/(Loss) for
the year
Historical Income|**2022**
**Total**
**£**
117,468.00
4,000.00
2.00
-
121,470.00
0.00
121,470.00
3,822.00
4568.00
200.00
111,373
.
00
115196.00
6275.00
(551.00)
5724.00|**2021**
**0Total**
**£**
109431.00
-
1.00
-
109432.00|
|---|---|---|
|||0.00
109,432.00|
|||1554.00
‐
5630.00
318.00
114605.00
122107.00|
|||(12675.00)|
|||12124.00|
|||(551.00)|
All of the above results are derived from continuing activities. There were no other recognized gains or losses other than those stated above.
(4)
## **OTHERS FIRST FOUNDATION-CIO**
## **Balance Sheet**
## **For the Year Ended 28[th] February 2022**
**_________________________________________________________________________________**
|**Note:**
**(4)**
**Assets:**
Current Assets
Cash At Banks
Barclays‐53539482
CAF Bank
**Debtors:**
Prepayment Expenses
Total Assets
**Liabilities**
Current Liabilities
Creditors ‐A Zarei
London Borough of Barnet
David Menzies
Management Service
British Gas
Accrual
Legal & Advise
Total Liabilities
**Net Assets**
General
Reserves:
Current Earnings
Historical Balancing Account
General Reserves|**2022**
**Total**
**£**
16,098.00
1,346.00
7,735.00
25,518.00
158.79.00
‐
19,064.00
57100
‐
‐
(19794.00)
5,724
6275.00
(551.00)
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
5,724.00|**2021**
**Total**
**£**
6,497.00
7,049.00
1,381.00
14,927.00|
|---|---|---|
|||11,869.00
1,287.00
153.00
1,160.00
‐
1,008.00
(15477.00)|
|||551.00|
|||(£12676.00)
£12126.00
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐|
|||(551.00)|
Approved by Trustees on 9[th ] September 2022 and signed on their behalf by:
Mr. Ali Zarei -Trustee
(5)
## **OTHERS FIRST FOUNDATION-CIO**
## **Notes to the Financial Statements**
**For the Year Ended 28[th] February 2021**
**_______________________________________________________________________**
## **1. Accounting Policies**
## **1.1 Accounting Convention**
The Financial Statement have been prepared under historic cost convention
## **1.2 Compliance with Accounting Standards**
The Financial Statement has been prepared in accordance with applicable United Kingdom Accounting Standards which have been applied consistently.
## **1.3 Going Concern**
The trustees consider there are no material uncertainties about Others First Foundation’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying of assets and liabilities with in next reporting period.
## **1.4 Pensions**
The charity’s administration is wholly managed by volunteers. It has no paid staff therefore the charity does not operate employee’s pension schemes
## **2. Income**
Charity’s income was the total of the following incomes:
|Private fundraising (donations)|£26968.00||
|---|---|---|
|Grants|£90,000.00||
|Gift Aid Claim|£4000.00||
|Interest – HMRC Charities|£0.00||
|Bank interest|£2.00||
|Credit Notes|£2,525.00||
||____________||
|Total income:|£ 123,495.00||
|**3. Expenses:**|||
|Office rent & rate|£86,583.00||
|Office repair & maintenance|£7,085.00||
|Telephone & internet|£42.00||
|Refreshment|£4,568.00||
|Office Supplies
|£21.00||
|Bank service charge|£200.00||
|TV Licensing|£159.00||
|Building Insurance|£19,064.00||
||___________||
|Total Expenses:|£117722.00|(6)|
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name Others First Foundation -CIO **members of**
**On accounts for the year** 28/2/2022 **Charity no** 1162307 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **28/02/2022** .
**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent** I can confirm the charity’s gross income not exceeded £250,000 _._ **examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
* _Please delete the words in the brackets if they do not apply._
**Signed:** Keshavarz **Date:** 9/9/2022 **Name:** Ali Reza Keshavarz **Relevant professional qualification(s) or body (if any): Address:** Flat 22 Garden Court,
1
**Oct 2018**
**IER**
63 Holden Road
London, N12 7DG
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
2
**Oct 2018**
**IER**