Orion Foundation Charity Number: 1167372
Trustees' Annual Report and Financial Statements for the Period 1 April 2022 to 31 March 2023
January 2024
Reference & Administration Details
Charity name:
Orion Foundation
Charity number: 1167372 Charity's operating address: Flat 1, Luma Apartments, London Postcode: NW10 7FN
Names of the Charity Trustees who Manage the Charity
Trustee Name
-
1: Aneel Mohammad
-
2: Mohammad Raheel
-
3: Mohammad Shirjeel
Appointed 27 May 2016 27 May 2016
27 May 2016
Names & Addresses of Advisors
Name
Bank: Lloyds Bank
Address & Postcode
113-116 Leadenhall St, London EC3A 4AX
Structure, Governance & Management
Description of the Charity's Trusts
Type of Governing Document: Constitution
How the Charity is Constituted: Charitable Incorporated Organisation
Trustee Selection Methods:
Trustees are appointed or reappointed annually at the Annual General Meetings. However, no changes were made during the year.
Objectives & Activities
Summary of the Objects of the Charity as set out in its Governing Document
Our charity's purposes as set out in the objects contained in the company's memorandum of association are to: Such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the Trustees may from time to time determine.
Summary of the Main Activities Undertaken for the Public Benefit in Relation to the Charity's Objects
During the year the charity did not raise any donations or provided any services.
Additional Details of Objectives & Activities
The charity does not have any restricted funds and requests for donations for these funds are personally assessed by the Trustees. All beneficiaries are interviewed in person to assess their needs and to safeguard against potential fraud, the maximum amount of grant issued for any individual/family per application is restricted to a maximum of £350 per year. The grants are allocated for specific purposes (eye operation, school supplies, food items etc.) In addition, records, including copies of government issued identity are kept on the file before any grants are issued. All trustees give their time voluntary and received no remuneration or other benefits.
Achievements & Performance
Statutory Declaration
The trustees declare that they have complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their powers or duties.
Summary of the Main Achievements of the Charity for the Year
During the year the charity did not raise any donations or provided any services.
Financial Review
Brief Statement of the Charity's Policy on Reserves
Any surplus funds which are not likely to be needed to pay for activities are placed in bank. We hold cash at bank of around £935.00 all of which is unrestricted funds. These funds are held in order to meet any unforeseen expenditure that may occur.
Details of Any Funds Materially in Deficit
Not applicable
Further Financial Review Details
During the year the charity did not raise any donations.
In the coming year we plan to continue to raise funds through Charities Trust and use the funds to allocate grants as required.
Statutory Notes to the Accounts
Particulars of Any Outstanding Guarantee Given by the CIO
Not applicable
Declaration
The Trustees declare that they have approved the Trustees' Report above.
Signed on behalf of the Charity's Trustees
Signature(s):
Full Name(s): Aneel Mohammad Position(s): Trustee
Date: 30/01/2024
| CC16a | ||
|---|---|---|
| A1 Receipts Donations (Charities Trust – My Giving) Subtotal(Gross income for AR) A2 Asset and investment sales, (see table). Sub total |
Last year to the nearest £ |
|
| 3,000 3,000 3,000 3,000 - - - - |
0 0 - |
|
| Total receipts | - - - 0 |
0 |
| A3 Payments Grants - Individual Grants – Medical Forex translation loss Postage and Stationery |
580 580 140 140 110 110 - - |
650 100 140 - |
| Sub total | 830 - - 830 |
890 |
| A4 Asset and investment purchases, (see table) Computer equipment Travel expenses |
0 0 0 0 |
0 0 |
| Sub total | 0 - - 0 |
0 |
| Total payments | 830 - - 830 |
890 |
| Net of receipts/(payments) | (830) - - (830) |
(890) |
| A5 Transfers between funds A6 Cash funds last year end |
- - 935 935 |
- 1,825 |
| Cash funds this year end | 3,105 - - 3,105 |
935 |
Section B Statement of assets and liabilities at the end of the period
| B1 Cash funds Cash held in GBP Cash held in Forex Total cash funds (agree balances with receipts and payments account(s) B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities Signed by one or two trustees on behalf of all the trustees Signature |
Unrestricted funds Restricted funds Endowment funds to nearest £ to nearest £ to nearest £ |
|---|---|
| 369 2,736 3,105 - - OK OK OK Unrestricted funds Restricted funds Endowment funds to nearest £ to nearest £ to nearest £ |
|
| - - - - - - Fund to which asset belongs Cost (optional) Current value (optional) |
|
| - - - - - - Fund to which asset belongs Cost (optional) Current value (optional) |
|
| - - - - - - Fund to which liability relates Amount due (optional) When due (optional) |
|
| - - Print Name Date of approval |
|
| Aneel Mohammad 30/01/2024 |