The Charity Registration Number is : 1181558
The Olive Trust
Report and Accounts
31 December 2021
The Olive Trust
Report and accounts for the year ended 31 December 2021
Contents
| Page | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' Annual Report | 2 to 7 | |
| Independent Accountant's Report | 8 to 9 | |
| Statement of Financial Activities | 10 | |
| Income and Expenditure account | 11 | |
| Balance sheet | 12 | |
| Notes to the accounts | 13 to | 14 |
| Detailed analysis of Income and Expenditure | 15 to | 16 |
The Olive Trust
Trustees' Annual Report for the year ended 31 December 2021
The Trustees present their Report and Accounts for the year ended 31 December 2021.
Reference and administrative details
The legal name of the charity is: The Olive Trust.
The charity is also known by its operating name, The Olive Trust.
The charity's UK charitable registration and areas of operation
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1181558.
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The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
The principal operating address, telephone number, email and web addresses of the charity are:
20 Elliot Close Oadby , Leicester LE2 4UN Telephone 07702072722
Email Address hello@theolivetrust.org Web address www.theolivetrust.org
The Trustees in office on the date the report was approved were:
Mr Junaid Vindhani Mr Abdul Gaffar Rafiq Vindhani Mr Billal Rafiq Vindhani Mr Zuber Rafiq Vindhani
The following persons served as Trustees during the year ended 31 December 2021 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
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The Olive Trust
Trustees' Annual Report for the year ended 31 December 2021
Objects and activities of the charity
The purposes of the charity is as set out in its governing document.
The primary objective of the Olive Trust is to provide financial support to those most in need. We believe that everyone has the right to a basic standard of living, this should include access to food, clothing, accommodation and anything else individuals may need to improve their quality of life. We aim to meet such needs by providing financial support in the form of grants to referring agencies, dealing directly with individuals in such circumstances - in need of financial support.
The main activities undertaken in relation to those purposes during the year.
The activities undertaken in this period are aligned with the Olive Trust's main objective; to provide meaningful support and assistance to those most in need. We have continued working with partner agencies, namely The British Red Cross and SHARP, resulting in over 18 applications being approved for funding and a total figure of £4,570 disbursed to recipients in this financial year.
We are particularly proud of the collaborative work undertaken with The British Red Cross again this year. Given the surge in migrants seeking asylum in the UK, particularly from Afghanistan, who have struggled to recover from years of war, economic and political unrest. Afghans are now faced with an authoritarian Taliban regime, making it increasingly difficult for any quality of life for its population. The British Red Cross quickly responded by establishing a foundation to support and assist refugees arriving in the UK. Leicester became a particular area of focus, thanks largely to its diverse culture and broad empathetic community.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
Alongside the above projects, The Olive Trust appreciates the importance of continued development, widening our reach by developing partnerships with local agencies to ensure we are continuing our trajectory to support more individuals and families in need of support.
In addition, The Olive Trust is continuing to establish additional income streams, to ensure future projects will continue to be achievable. Examples of this include various donation schemes, registering on major shopping platforms such as eBay Charity and Amazon Smile, allowing for a wider audience to donate to The Olive Trust.
The main achievements and performance of the charity during the year.
The Olive Trust and its trustees appreciate the significance of assisting every individual or family to tackle the challenges they are faced with. We are proud to have been able to assist over 50 individuals and families over the last financial year.
Working with larger foundations such as The British Red Cross has been a huge opportunity, allowing The Olive Trust to cast a wider net and become more embedded in the community.
The Olive Trust works to ensure that any projects and funding provided continue to track with our main objectives.
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The Olive Trust
Trustees' Annual Report for the year ended 31 December 2021
The difference the charity's performance during the year has made to the beneficiaries of the charity.
Our approach to dealing with applications, by way of awarding grants, has been well received by both local agencies we work with and individuals and families who receive the financial support. Most importantly, given the nature of applications, we are able to address clients' immediate concerns quickly and efficiently. The support provided has not only met clients' basic needs but has also contributed to their overall well-being - enabling clients to move forward with their lives.
The degree to which the achievements and performance during the year have benefited wider society.
The Olive Trust works to ensure continuity of its primary objective. Our trustees appreciate the importance of every case and client as an opportunity to help an individual or family in need of immediate support, with which they are able to overcome their immediate circumstance and regain independence. Therefore, enabling those individuals to return their contribution back to society - both social and economical.
Furthermore, indirect support to local agencies and the voluntary sector, allows social and charitable organisations to continue their efforts in supporting the local community and achieving their objectives. The working partnership formed with local agencies creates a mutual goal of supporting those most in need in the local community.
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
There are currently four trustees appointed at The Olive Trust, the same trustees appointed at the time of establishment (January 2019). Whilst continuing their involvement until January 2024, a trustee is able to relinquish their role prior to this date, leaving the trust to appoint a replacement.
The approach would be to use a combination of local recruitment websites and social media,
How the charity makes decisions and how decisions are delegated.
The Olive Trust makes decisions jointly by the board of trustees who meet on a monthly basis. Broader discussions are mutually agreed upon by a majority decision and any particular issues are addressed by one of the trustees, along with an appointed co-ordinator, when it comes to providing funding for any applications received from referring agencies.
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The Olive Trust
Trustees' Annual Report for the year ended 31 December 2021
Financial review
The charity's financial position at the end of the year ended 31 December 2021
The financial position of the charity at 31 December 2021 as more fully detailed in the accounts, can be summarised as follows:-
| Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income |
2021 £ 8,829 38,216 38,216 |
|---|---|
Financial review of the position at the reporting date, 31 December 2021 .
From a financial perspective the Board of Trustees recognises we are operating in an extremely challenging set of circumstances with the austerity cuts that have taken place in recent times and the pandemic that is now becoming our new normal.
These financial constraints impact significantly upon a charity such as ourselves who work with some of the most economically deprived members of society.
The statement of financial activities shows a total income of £13,629 and expenditure of £4,800. The remaining balance is mainly comprised of unrestricted funds. These are funds that are available for the charity to spend upon fulfilling its objects in such ways as the trustees see fit.
In addition, the Trustees recognise that new and innovative ways of raising funds will need to be considered and implemented over the next 12 to 18 months and this is something that is being taken very seriously.
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The Olive Trust
Trustees' Annual Report for the year ended 31 December 2021
Policies on reserves.
The Olive Trust has established a reserve to ensure financial stability and a means of continuity of our primary objective.
The trustees intend to maintain financial reserves of at least £5,000, held as unrestricted funds. This contingency is an approximation to maintain services equivalent to three month's expenditure, covering costs and expenses including any fundraising initiatives.
The trustees have attempted to keep operating costs to a minimum, close to zero where possible. However, this will likely change in the coming years as the trustees seek to embed fundraising mechanisms to allow The Olive Trust to replenish funds in order to continue to meet future objectives.
The trustees periodically review the amount of funds and reserves required to ensure adequacy on a quarterly basis. At which point, any initiatives that are established in the near future will be as efficient as possible. Any operating expenses as a result will be streamlined, efficient and sustainable. Ultimately, allowing the trustees to increase the reserve fund to a more acceptable amount.
However, the trustees have agreed that the reserves shall not fall below the minimum threshold of three months operating expenses, due to the nature of the primary objective and serving the most vulnerable in the community. By instilling financial discipline in a time where some charities are being forced to close due to lack of resources, The Olive Trust strives to ensure longevity to be able to continue to support the local community and those most in need.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Plans For the Future
Summary of plans for the future and the trustees' perspective of the future direction of the charity.
The Olive Trust is continuing to build on relationships with local agencies, with a plan to increase the number of partner agencies and therefore increase the number of referrals disbursed to clients in need of financial support.
In order to facilitate the growing demand, the trustees are exploring opportunities to increase funding and financial capacity, below are the main sources of income currently being employed -
1) Working with local businesses to donate a percentage of net proceeds to The Olive Trust. 2) Establishing a charity shop, initially with an online presence to keep operating costs to a minimum, seeking donations from the local community.
Currently, donations coming into The Olive Trust are primarily from businesses owned and operated by trustees, with a small proportion of donations coming from individuals outside of the trustees. In addition, the charity shop is currently in the development phase, where some goods that have been donated are listed on e-commerce platforms such as eBay to target a wider audience, further trials are required to ensure this project will achieve targets as a source of funding for The Olive Trust.
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The Olive Trust
Trustees' Annual Report for the year ended 31 December 2021
Employment of disabled persons
The Olive Trust strives to ensure the people that we work with and organisations we support are equal partners in achieving our primary objective.
The trustees agree on responding to the most diverse needs in a respectful manner and are committed to working in a culture that actively seeks to promote and maintain equality, diversity, inclusion and fairness for all participants.
Our mission includes empowering people that we work with by providing them the tools, in the form of support and encouragement needed to improve their circumstances and well-being. The Olive Trust is committed to anti-discriminatory practice and we ensure we are fully compliant with the Equality Act 2010.
Details of The Independent Examiner
Ikram Ul-Haq
Member of Institute of Financial Accountants
5 Faraday Court Conduit Street Leicester LE2 0JN
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The Olive Trust
Trustees' Annual Report for the year ended 31 December 2021
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
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to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 30 September 2022.
Junaid Vindhani Trustee
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The Olive Trust
Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2021
I report to the Trustees on my examination of the financial statements of the charity on pages 12 to 14 for the year ended 31 December 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 13.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As described on page 7, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Independent Examiner's Statement and scope of work undertaken
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
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The Olive Trust
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Signed:-
Ikram Ul-Haq - Independent Examiner
Institute of Financial Accountants
5 Faraday Court Conduit Street Leicester LE2 0JN
This report was signed on 30 September 2022
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The Olive Trust - Statement of Financial Activities for the year ended 31 December 2021
Statement of Financial Activities for the year ended 31 December 2021
| Current year Unrestricted Funds 2021 £ Income & Endowments from: Donations & Legacies A1 13,629 Expenditure on: Charitable activities B2 4,800 Total expenditure B 4,800 Net income for the year 8,829 Net income after transfers A-B-C 8,829 8,829 Reconciliation of funds:- E Total funds brought forward 29,387 Total funds carried forward 38,216 SORP Ref Net movement in funds |
Current year Restricted Funds 2021 £ - - - - - - - - |
Current year Total Funds 2021 £ 13,629 4,800 4,800 8,829 8,829 8,829 29,387 38,216 |
Prior Year Total Funds 2020 £ 2,431 4,973 4,973 (2,542) (2,542) (2,542) 31,929 29,387 |
|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
The notes attached on pages 13 to 14 form an integral part of these accounts.
All activities derive from continuing operations
The notes attached on pages 13 to 14 form an integral part of these accounts.
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The Olive Trust - Statement of Financial Activities for the year ended 31 December 2021
The Olive Trust
Income and Expenditure Account for the year ended 31 December 2021 as required by the Companies Act 2006
| Income Income from operations Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Realised losses on disposals of social investments which are programme related Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year All activities derive from continuing operations Net income after tax in the financial year Net income before tax in the financial year Investment income |
2021 £ 13,629 13,629 13,629 4,800 - 4,800 8,829 - 8,829 8,829 |
2020 £ 2,431 2,431 2,431 4,973 - 4,973 (2,542) - (2,542) (2,542) |
|---|---|---|
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 13 to 14 form an integral part of these accounts.
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The Olive Trust - Balance Sheet as at 31 December 2021
| Note SORP Ref Current assets B Debtors 4 B2 Cash at bank and in hand B4 Total current assets Net current assets The total net assets of the charity The total net assets of the charity are funded by the |
2021 £ 114 149 38,102 29,238 38,216 29,387 38,216 38,216 funds of the charity, as follows:- |
2020 £ 29,387 29,387 |
|---|---|---|
| Restricted funds Unrestricted Funds Unrestricted Revenue Funds 8 D3 38,216 Designated Funds Total charity funds |
- 29,387 38,216 38,216 |
- 29,387 29,387 |
|---|---|---|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
Junaid Vindhani
Trustee
Approved by the board of trustees on 30 September 2022
The notes attached on pages 13 to 14 form an integral part of these accounts.
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The Olive Trust
Notes to the Accounts for the year ended 31 December 2021
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
2 Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. However, currently there are no designated funds.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. However, currently there are no restricted funds.
There are no endowment funds.
3 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
4 Debtors
| Prepayments and accrued income 5 Income and Expenditure account summary At 1 January 2021 Surplus after tax for the year At 31 December 2021 |
2021 £ 114 2021 £ 29,387 8,829 38,216 |
2020 £ 149 2020 £ 31,929 (2,542) 29,387 |
|---|---|---|
6 Related party transactions
The charity received a donations of £12,939 during the year from AJ Enterprise Ltd. The Company AJ Enterprise Ltd is partly owned and controlled by Mr Junaid Vindhani who is a trustee of the Charity.
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The Olive Trust
Notes to the Accounts for the year ended 31 December 2021
- 7 Particulars of how particular funds are represented by assets and liabilities
| At 31 December 2021 Current Assets At 1 January 2021 Current Assets |
Unrestricted funds £ 38,216 38,216 Unrestricted funds £ 29,387 29,387 |
Designated funds £ - Designated funds £ - - |
Restricted funds £ - - Restricted funds £ - - |
Total Total Funds Funds £ £ 38,216 38,216 38,216 38,216 Total Total Funds Funds £ £ 29,387 29,387 29,387 29,387 |
|---|---|---|---|---|
8 Change in total funds over the year as shown in Note 7 , analysed by individual funds
| Funds brought forward from 2020 Movement in funds in 2021 £ £ Unrestricted and designated funds:- Unrestricted Revenue Funds 29,387 8,829 Total unrestricted and designated funds 29,387 8,829 Total charity funds 29,387 8,829 Analysis of movements in funds over the year as shown in Note 8 Income Expenditure 2021 2021 £ £ Unrestricted and designated funds:- Unrestricted Revenue Funds 13,629 (4,800) 13,629 (4,800) |
£ - - - Other Gains & Losses 2021 £ - - Transfers between funds in 2021 |
Funds carried forward to 2022 £ £ 38,216 38,216 38,216 38,216 38,216 38,216 Movement Movement in funds in funds 2021 2021 £ £ 8,829 8,829 8,829 8,829 Funds carried forward to 2022 |
|---|---|---|
- 9 Analysis of movements in funds over the year as shown in Note 8
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The Olive Trust
Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015
This analysis is classified by conventional nominal descriptions and not by activity.
10 Donations, Grants and Legacies
| Donations, Grants and Legacies | ||||
|---|---|---|---|---|
| Donations and gifts from individuals Total Donations, Grants and Legacies Total Donations, Grants and Legacies A1 Other Donations Total donations and gifts from individuals AJ Enterprise Ltd Total Other Donations Various Other |
Current year Unrestricted Funds 2021 £ 684 684 Current year Unrestricted Funds 2021 £ 12,939 6 12,945 |
Current year Restricted Funds 2021 £ - - Current year Restricted Funds 2021 £ - - - |
Current year Total Funds 2021 £ 684 684 Current year Total Funds 2021 £ 12,939 6 12,945 |
Prior Year Total Funds 2020 £ 769 769 Prior Year Total Funds 2020 £ - 1,662 1,662 2,431 |
| 13,629 | - | 13,629 |
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The Olive Trust
Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015
11 Expenditure on charitable activities- Grant funding of activities
----- Start of picture text -----
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Current Year Funds Funds
2021 2021 2021 2020
£ £ £ £
Grants made to organisations 4,800 - 4,800 4,973
Total grantmaking costs B2c 4,800 - 4,800 4,973
Breakdown of Grants made to organisations
Current year Current year Current year
Unrestricted Restricted Total Funds
Current Year
Funds Funds
2021 2021 2021
£ £ £
Various 4,800 - 4,800
4,800 - 4,800
12 Total Charitable expenditure
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Current Year Funds Funds
2021 2021 2021 2020
£ £ £ £
Total grantmaking costs B2c 4,800 - 4,800 4,973
Total charitable expenditure B2 4,800 - 4,800 4,973
----- End of picture text -----
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