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The OppO Foundation

Trustees’ Annual Report

For the year ended 31 March 2023.

1. Reference and Administrative Details

Charity Name: The OppO Foundation
Charity Number: 1163563
Principal Address: Orega Marlow, Marlow International, Parkway, SL71Y
Trustees:
Kayam Iqbal
Clive Unitt
-Kevin Smallwood (Terminated 18 May 2022)
-Teresa Griffiths (Terminated 31 August 2022)
Independent Examiner: Silverwood Accountancy Services

2. Structure, Governance and Management

The charity is a Charitable Company governed by its Articles of Association dated 2 September 2015.

Trustees are appointed in accordance with the governing document. Day-to-day operations are managed by the trustees and volunteers.

3. Objectives and Activities

The charity’s objective is to relieve financial hardship, need, suffering and distress amongst veterans of all branches of the armed forces and their partners, spouses and dependents in such ways as the trustees shall think fit.

During the year, The OppO Foundation carried out the following main activities to achieve its objectives:

Team OppO: supporting veterans to improve health and mental wellbeing through sport. -Veterans Relief: Supporting veterans to deliver relief to disaster areas.

All activities were undertaken to further our charitable aims and deliver public benefit.

4. Achievements and Performance

This year The Oppo Foundation provided support of £22,611 through Team Oppo; and support of £45,549 through Veterans Relief.

5. Financial Review

The charity received £83,731 in donations.

Total expenditure was £92,081, mainly on:

Charitable Activities – £68,160
Governance Costs– £23,921

The year ended with a balance of £5,111.

Reserves policy: The charity aims to maintain reserves sufficient to cover at least 3 months of essential running costs.

6. Declaration

The trustees declare that they have approved this report.

Signed on behalf of the trustees:

Name: Kayam Iqbal Position: Trustee Date: 5 June 2024

THE OPPO FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 MARCH 2023

THE OPPO FOUNDATION INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 JUNE 2023

THE OPPO FOUNDATION INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 JUNE 2023
	Note		Unrestricted Funds	Restricted Funds	Total	2022
			£	£	£	£
Incoming Resources
Incoming resources from generated funds
Voluntary Income		3	83,571		83,571	22,104
Grants					0
Activities for generating funds					0
Investment income					0
Total incoming resources			83,571	0	83,571	22,104
Resources Expended
Fundraising trading costs					0	0
Charitable actiivties		4	68,160		68,160	17,250
Goverance costs		5	23,921		23,921	4,315
Total resources expended			92,081	0	92,081	21,565
Net incoming resources			(8,510)	0	(8,510)	539
Reconcilation of funds
Net movement in funds			(8,510)		(8,510)	539
Total funds brought forward			13,622		13,622	13,083
Total funds carried forward			5,112	0	5,112	13,622

THE OPPO FOUNDATION BALANCE SHEET 30 JUNE 2023

THE OPPO FOUNDATION BALANCE SHEET 30 JUNE 2023
Note Tangible Fixed Assets Current Assets Debtors and prepayments 6 Cash at Bank Total current assets Currrent Liabilities Creditors: amounts falling due within one year 7 Net Current Assets Net Assets Funds of the Charity Unrestricted funds Restricted funds Total Funds	Unrestricted Funds Restricted Funds Total £ £ £ 0 0 0 0 0 5,111 5,111 5,111 0 5,111 0 0 5,111 0 5,111 5,111 0 5,111 £ £ £ 5,112 5,112 0 0 5,112 0 5,112	2022 £ 0
		21,206
		21,206
		334
		20,872
		20,872
		£ 20,872
		20,872

THE OPPO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

Note

3 Voluntary Income Donations 4 Analysis of Expenditure on Charitable Activities Project Team OppO Veterans Disaster Relief Support 5 Governance Costs Managers' remuneration Insurance Travel and subsistence Fees and subscriptions Promotional activities Bank charges Telephone Miscellaneous expenses Depreciation 6 Debtors and prepayments Grants receivable Prepayments 7 Creditors due within one year Trade creditors Accruals and deferred income	2,023 £ 83,571 £ 22,611 45,549 68,160 £ 6,557 5,285 1,045 10,587 102 262 83 0 23,921 £ 0 £ 0	2,022 £ 22,104
		£ 17,250 0
		17,250
		£ 334 678 2,000 104 0
		3,116
		£ 0 0
		0
		£ 334 0
		334

Independent Examiner’s Report to the Trustees of The OppO Foundation

I report on the accounts of The OppO Foundation for the year ended 31 March, 2023.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Act,
follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Act, and
state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act;

have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Martin Mulvany Silverwood Accountancy Services Date: 15 May 2024

2023-06-30-accounts