The OppO Foundation
Trustees’ Annual Report
For the year ended 31 March 2024.
1. Reference and Administrative Details
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Charity Name: The OppO Foundation
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Charity Number: 1163563
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Principal Address: Orega Marlow, Marlow International, Parkway, SL71Y
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Trustees:
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Kayam Iqbal
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Clive Unitt (Terminated 16 November 2023)
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-Gareth Davies (Appointed 4 August 2023)
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-Daniel Tarshish (Appointed 12 September 2023
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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 £24,581 through Team Oppo; and support of £23,000 through Veterans Relief.
5. Financial Review
The charity received £104,437 in donations.
Total expenditure was £108,323, mainly on:
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Charitable Activities – £47,581
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Governance Costs– £60,472 The year ended with a balance of £2,726 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: 24 March 2025
THE OPPO FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024
THE OPPO FOUNDATION PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024
| THE OPPO FOUNDATION PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 |
||||||
|---|---|---|---|---|---|---|
| Note | Unrestricted Funds |
Restricted Funds |
Total | 2023 | ||
| £ | £ | £ | £ | |||
| Incoming Resources | ||||||
| Incoming resources from generated funds | ||||||
| Voluntary Income | 3 | 104,437 | 104,437 | 83,571 | ||
| Grants | 0 | |||||
| Activities for generating funds | 0 | |||||
| Investment income | 0 | |||||
| Total incoming resources | 104,437 | 0 | 104,437 | 83,571 | ||
| Resources Expended | ||||||
| Fundraising trading costs | 0 | 0 | ||||
| Charitable actiivties | 4 | 47,581 | 47,581 | 68,160 | ||
| Goverance costs | 5 | 60,742 | 60,742 | 23,021 | ||
| Total resources expended | 108,323 | 0 | 108,323 | 91,181 | ||
| Net incoming resources | (3,886) | 0 | (3,886) | (7,610) | ||
| Reconcilation of funds | ||||||
| Net movement in funds | (3,886) | (3,886) | (8,510) | |||
| Total funds brought forward | 5,112 | 5,112 | 13,622 | |||
| Total funds carried forward | 1,226 | 0 | 1,226 | 5,112 |
THE OPPO FOUNDATION BALANCE SHEET 30 JUNE 2024
| THE OPPO FOUNDATION BALANCE SHEET 30 JUNE 2024 |
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|---|---|---|
| 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 2,726 2,726 2,726 0 2,726 1,500 1,500 1,226 0 1,226 1,226 0 1,226 £ £ £ 1,226 1,226 0 0 1,226 0 1,226 |
2022 £ 0 |
| 5,111 | ||
| 5,111 | ||
| 0 | ||
| 5,111 | ||
| 5,111 | ||
| £ 5,111 |
||
| 5,111 |
THE OPPO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
Note
| ote | ||
|---|---|---|
| 3 Voluntary Income Donations 4 Analysis of Expenditure on Charitable Activities Project Team OppO Veterans Disaster Relief Support 5 Governance Costs Managers' remuneration Serviced office Insurance Travel and subsistence Fees and subscriptions Accountants charges Promotional activities Bank charges Telephone Printing & Stationery Miscellaneous expenses Depreciation 6 Debtors and prepayments Grants receivable Prepayments 7 Creditors due within one year Trade creditors Accruals and deferred income |
2,024 £ 104,437 £ 24,581 23,000 47,581 £ 16,000 3,981 368 6,207 1,216 3,500 26,174 105 282 823 2,086 0 60,742 £ 0 £ 0 |
2,023 £ 83,571 |
| £ 22,611 45,549 |
||
| 68,160 | ||
| £ 6,557 0 334 4,951 1,045 0 10,587 102 282 0 83 0 |
||
| 23,941 | ||
| £ 0 0 |
||
| 0 | ||
| £ 0 0 |
||
| 0 |
PcCcxrtcY eS Independent Examinerfs Report to the Trustees of The Oppo Foundation I rewt on the xcc¥Jnts of The Oppo FIndal for the year erKled 31 March. 2024. RptIVe rn8pon•lbllttla• of tr10•• and •umln•r The chanty's truste68 we responsible for the weparatK>n of th8 a(xounis. Th• Char1.$ trustees considw that an audrt is not requir8d for this year under section 14412) of Chwltles A£t 2011 (the A£tl and that an bndèpendenl èxarrination 1$ needed. It is my responsibilty to.. . examine the £OUnts under sectw)n 145 of the Ac( . fokni the wocedures Lawj dwi in the gonornl difOCtion• given by tho Charity C(mft und•r 14q5Mbl of the and B••h of Indopond•nt •x•mln•e• r•port My examthn was camed out in xcordance with the gen6rn1 directn¥ gr¥8n by th• Charlty Comml88w)n. An examinat indudes a ffjviow of the accountsng recNd$ kept by tho charfty and a Convaris of the accounts presented with those records. It also indu¢J88 crmswjeration of any unusual it• w disdosures in the ac£4xJnts and 8thking èxplanatlon• Th• undertakon do not provmle all the evKlence ttlat would b• roquir•d in audli and, nSequenIty. I do not express audil ownion on th8 accc¥Jnts. Ind•p•nd•nt •x•mIn•* •L•t•m•nt In connectlon wlth my examinat50 no matter has come to my attention: l. whlch gives me reasonable cause to belleve that in any material respect the requlrements: - to keep accountlng records in accordance with section 130 of the ACL. and - to prepare accounts which accord wlth the a¢¢ountlng records and comply wlth the accounting requlrements ofthe Art: have not been meL or 2. to Whic in my opinion. attention sbauld i)e drdwn in order to enable a proper understandin8 of the ccowts.to reached. Signed: Martin Mulvany Silverwood Accountancy Services Date: 17 March 2025 ILb'