Registered Charity Number 1164709 st Report of the Trustees and Financial statement for year to 31 March 2024 for THE O'BRIEN FAMILY FOUNDATION THE O'BRIEN FAMILY FOUNDATION st Report of the Trustees for the period ended 31 March 2024 th The charity was entered on the register on 4 December 2015. During the year the donations received totalled £6250 and eight payments totalling £4000 were made to UK registered charities. The charity income and assets are likely to remain at a low level in the near future and the intention is to continue making small grants to diverse UK based charities on an annual basis. The trustees do not intend to incur any costs payable by the charity for the foreseeable future so that all income is available for charitable distribution. The charit), trustees being responsible for the preparation of the accounts consider that an audit is not required for this period under Section 144(2) of the Charities Act 2011 and that in addition no independent examination is required. Custodial Trustees. Dr Michael John O'Brien Mrs Deborah O'Brien Dr David Robert James O'Brien ON BEHALF OF THE BOARD th Date 5 July 2024 Dr M. J O'Brien Chairman of Trustees THE O'BRIEN FAMILY FOUNDATION Statement of Financial Activities for the year to 31 March 2024 st Unrestricted Restricted 31-3-24 Funds Funds Total Funds 31-3-23 Total Funds INCOME Voluntary Income Investment Income 6250 6250 6250 Total Income 6250 6250 6250 EXPENDITURE Fund Raising Expenditure Charitable Grants Bank Expenses 4000 4000 4000 13 Total Expenditure 4000 4000 4013 NET FUND MOVEMENT 2250 2250 2237 RECONCILIATION OF FUNDS Total funds brought forward 25341 25341 23104 Total funds carried forward 27591 27591 25341 THE O'BRIEN FAMILY FOUNDATION st Balance Sheet at 31 March 2024 Unrestricted Restricted 31-3-24 Funds Funds Total Funds 31-3-23 Total Funds CURRENT ASSETS Cash at Bank 27591 27591 25341 Total 27i91 27591 25341 CURRENT LIABILITIFS Due within year NET CURRENT ASSETS 27591 27591 25341 NET ASSETS 27591 27591 25341 FUNDS Restricted Funds Unrestricted Funds 27591 25341 TOTAL FUNDS 27591 25341 th The financial statements were approved by the Board of Trustees on 5 July 2024 And were signed on its behalf by: Dr. M. J. en-Trust THE O'BRIEN FAMILY FOUNDATION Notes to the Financial Statements for the year ended 31 March 2024 ACCOUNTING POLICIES st Basis of preparing the financial statements The financial statements have been prepared under the historical cost convention and in accordance with the Charities Statement of Recommended Practice (FRS 102) and Charities Act 2011. Income All income is recognised in the statement of Financial Affairs once the charity has legal entitlement to the funds and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and classified under headings that aggregate all costs related to the category. Taxation The charity is exempt from tax on its charitable activities. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Trustees Remuneration and Benefits There were no trustees, remuneration, benefits or expenses paid for the period ended 31" March 2024. Staff Costs st No staff remuneration, benefits or expenses were paid for the period ended 31 March 2024 THE O'BRIEN FAMILY FOUNDATION Detailed Statement of Financial Activities for the year ended 31st March 2024 31-3-24 31-3-23 INCOME Voluntary Income Investment Income 6250 6250 Total Income 6250 6250 EXPENDITURE Fund Raising Expenditure Charitable Grants Bank Expenditure 4000 4000 13 Total Expenditure 4000 4000 NET INCOME 2250 2237 This page does not forni part of the statutory financial statements.