## 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:
1. 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
2. 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