OTHERS FIRST FOUNDATION CHARITABLE INCORPORATED ORGANISATION-CIO REPORT AND FINANCIAL STATEMENT FOR THE FINANCIAL YEAR ENDED 28[TH] FEBRUARY 2025
Charity Registration Number: 1162307
OTHERS FIRST FOUNDATION-CIO
INFORMATION:
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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 2025
The trustees present their report and financial statements for the year ended 28[th] February 2025.
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 organizations by considering the following definitions:
'The voluntary sector' means charities and voluntary organisations.
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Charities are organizations, which established for exclusively charitable purpose in accordance with the law of England and Wales.
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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.
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Voluntary organisations do not include local government or other statutory authorities.
Others First Foundation has been registered as a CIO‐charity on 19[th] June 2015 and the Trustees of the Charity from the registration date are as follow as:
Mr. Ali Zarei, Mr. Steven Goodwin and Mr. Stephen D. Infield
(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 2025:
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 organisations 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 2025, the total income of the charity was a total of £134,466.00 (year 2024= £113,268.00) which was received from private donors, and Grants.
By the end of financial year, the charity had expended a total of £124,734.00 (year 2024= £132,038.00) for its rent and rates, insurance, utilities and other administrative expenses.
At the end of year, the cash at the bank was about £22273.00 (year 2024= £20,838.00)
The center was open and fully operated by volunteers and trustees, and there were no paid staff for this financial year. The expenses of the charity were kept to a minimum, except for essential expenses such as rent, rate and utility bills which had to be paid by the charity.
Trustees Plan
Trustees plan to continue with their services to other charities and non‐profit organisation,
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To find potential donors to help with the expenses of running the center
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To apply for grants from charities, trusts and other foundations to help supplement the running costs of the building and services.
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To continue with gift Aid claims.
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To keep the building in safe and healthy condition for use by the volunteers
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To establish required policy for the charity and consider all risks and provide plans to ensure the risk_ free options and procedures
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To secure the policies on income and assets of the charity to prevent any fraud or misusing
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For strengthening community ties and promoting inclusivity, trustees aim to arrange a variety of cultural and social events for the local community, as well as for other charities and volunteer‐led organisations.
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To deliver a range of workshops, training sessions, documentary reports and educational courses that cater to
(2)
different age groups and needs. These activities will be hosted at our community center and supported by our dedicated team of volunteers, who play a vital role in ensuring that our programs are accessible, engaging, and beneficial to all members of the community.
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.
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Select suitable accounting practices and ensure they are applied consistently
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Ensure accounting practices adhere to United Kingdom accounting standards
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Prepare the financial statements on an ongoing concern basis. If the charity is to be wound up, a final closing account will be produced.
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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.
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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 might 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) 6[th] October 2025
Signed by:
Ali Zarei
(3)
OTHERS FIRST FOUNDATION-CIO
Statement of Financial Activities
For the Year Ended 28[th] February 2025
| _________ 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: Current Earning Historical Income |
_ | ______ 2025 Total £ 134466.00 ‐ 9.00 - 134475.00 0.00 134475.00 ‐ ‐ 159.00 124,575.00 124734.00 9741.00 (9539.00) 201.00 |
_____ 2024 0Total £ 113,259.00 - 9.00 - 113,268.00 |
_____ 2024 0Total £ 113,259.00 - 9.00 - 113,268.00 |
|---|---|---|---|---|
| 0.00 113,268.00 |
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| ‐ ‐ 6,605.00 197.00 125,236.00 132,038.00 |
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| (18770.00) | ||||
| 9231.00 | ||||
| (9539.00) |
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 2025
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| Note: 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 Total Liabilities Net Assets General Reserves: Current Earnings |
2025 Total £ 20,135.00 2,138.00 ‐ 22,273.00 ‐ 5.00 21,119.00 948.00 (22,072.00) 201.00 9,741.00 |
2024 Total £ 18,504.00 2,334.00 ‐ 20,838.00 |
|---|---|---|
| 11,666.00 ‐ 17,345.00 1,366.00 (30,377.00) |
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| (9,539.00) | ||
| (18,770.00) |
Approved by Trustees on 6[th] October 2025 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 2025
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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) £5000.00 Grants £117,800.00 Gift Aid Claim £0.00 Interest – HMRC Charities £0.00 Other Income £11666.00 Bank interest £9.00 Credit Notes £0.00 __ Total income: £ 134,475.00 3. Expenses: Office rent & rate £95,005.00 Office repair & maintenance £7,142.00 Utility £11,230.00 Event £293.00 Office Supplies £00.00 Bank service charge £159.00 TV Licensing £170.00 Building Insurance £10,736.00 ___ Total Expenses: £124,735.00 (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 28/2/2025 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 28/2/2025 .
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:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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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: Dehghanpour Date: 7/10/2025 Name: Ali Reza Dehghanpour 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