**Annual Report April 2024-March 2025** V 1 03/07/2025 ## **Introduction** OLDP CIO was registered as a Charitable interest organisation in 2019, after starting out as a CIC in 2017. The charity’s strap line is Opportunities for Liberating and Developing your Potential. We work with Women and Girls to encourage them into careers in the built environment and STEM. We do this through offering opportunities to volunteer, work experience, apprenticeships, training workshops and self-employment services in our initiatives such as the Women’s hub, Deborah All Women handy person service and ‘she’s got games’. Some of the aims of the Charity are to: - Encourage women into construction and the built environment industries. and - Redress their under-presentation in these areas in the workplace. By doing so the objectives is to: - Increase the economic activity of Women and Girls and - Increase their income to reduce their poverty level. Many of the Women and Girls who are supported and serviced by OLDP are from vulnerable disadvantaged backgrounds in some of the poorest areas of Birmingham and the West Midlands. The charity had 6 trustees and co-opted trustees in the year, all of whom govern and manage the charity in their own volunteer time. The trustees are supported by committee members who encourage and advise them and who work and live in the heart of the communities in which the charity works. We continue to be grateful for the support of trustees, committee members sponsors, TUAID and Quayside Tower Landlord. On Behalf of the Trustees Barbara Quarless V 1 03/07/2025 ## **Mission** OLDP is on a mission to change the way Women and Girls view their life and career expectation’s, empowering and upskilling them to look beyond stereotypes in work and leisure. We want Women to look after their wellbeing as well as consider how they can form partnerships and relationships which will benefit their communities. Benefiting communities means spending volunteering hours, as well as monetary pounds. _**“Some community currencies give citizens a chance to ‘earn’ income through good deeds like charity work - which helps explain why these currencies have often flourished in areas and at times where many were jobless”**_ BBC 2023 The charity continues to strive to be self-sufficient and not reliant on grants, but on the currency of Women working to sustain Women, which cannot be expressed on a financial statement V 1 03/07/2025 ## **This Year** This year we have slowly restarted our **Deborah team** of handy person and decorating services to mainly age UK clients, teaming up with Hayley Robinson www.paintedlady.com to deliver workshops in the hub space on those themes, ensuring our Women service providers are professional trained. ## **‘I am absolutely delighted with the 2 professional painters’** Jim in Telford Moreover, with the help of our 2 apprentice’s we are managing the hub facilities and able to offer space to more Women lead enterprises and more groups who would like to use the meeting space. V 1 03/07/2025 ## **OLDP CIO** ## **Charity No. 1185732** **Company No. CE019140** **Trustees' Report and Unaudited Accounts** **31 March 2025** **OLDP CIO Contents** ||Pages|| |---|---|---| |Trustees' Annual Report||2| |Independent Examiner's Report||3| |Statement of Financial Activities||4| |Summary Income and Expenditure Account||5| |Balance Sheet||6| |Notes to the Accounts|7 to|12| |Detailed Statement of Financial Activities|13 to|15| Page 1 **OLDP CIO Trustees Annual Report** The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No. CE019140** ## **Charity No. 1185732** ## **Registered Office** 10 Byron Croft Sutton Coldfield B74 4YF ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: B. Brown C. Gilkes B. Quarless ## **Accountants** BVSC Latham House 33-34 Paradise Street Birmingham B1 2AJ The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board B. Barbara Quarless (Jan 21, 2026 22:16:22 AST) Quarless Trustee **Date:** Jan 21, 2026 Page 2 **OLDP CIO Independent Examiners Report** ## **Independent Examiner's Report to the trustees of OLDP CIO** I report to the charity trustees on my examination of the financial statements of OLDP CIO for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or - the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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. Andy Hopkins BVSC Latham House 33-34 Paradise Street Birmingham B1 2AJ 17 January 2026 Page 3 **OLDP CIO Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Other trading activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable activities
9
Other
10
**Total**
Net gains on investments
**Net income/(expenditure)**
11
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
10,780
28,995
64
-|**Total funds**
**2025**
**£**
10,780
28,995
64
-|**Total funds**
**2024**
**£**
2,400
14,963
-
1,784| |---|---|---|---| ||39,839
14,416
1,680
14,797|39,839
14,416
1,680
14,797|19,147
4,401
3,665
24,662| ||30,893
-|30,893
-|32,728
-| ||8,946
-|8,946
-|(13,581)
-| ||8,946|8,946|(13,581)| ||8,946
17,624|8,946
17,624|(13,581)
31,205| ||26,570|26,570|17,624| Page 4 **OLDP CIO Summary Income and Expenditure Account for the year ended 31 March 2025** |Income
Interest and investment income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income/(expenditure) before tax
for the year
**Net income /(expenditure )for the year**|**2025**
**£**
39,775
64
39,839
30,893
30,893
8,946
8,946|**2024**
**£**
19,147
-| |---|---|---| |||19,147| |||32,728| |||32,728| |||(13,581)| |||(13,581)| Page 5 **OLDP CIO Balance Sheet** ## **at 31 March 2025** |**Company No.**
**CE019140**
**Notes**
**2025**
**£**
**Fixed assets**
Tangible assets
13
-
**Current assets**
Debtors
14
18,850
Cash at bank and in hand
17,800
36,650
**Creditors:**Amount falling due within one year
15
(10,080)
**Net current assets**
26,570
**Total assets less current liabilities**
26,570
**Net assets excluding pension asset or liability**
26,570
**Total net assets**
26,570
**The funds of the charity**
**Restricted funds**
16
**Unrestricted funds**
16
General funds
26,570
26,570
**Reserves**
16
**Total funds**
26,570|**2024**
**£**
-
11,848
14,942| |---|---| ||26,790
(9,166)| ||17,624
17,624| ||17,624| ||17,624| ||17,624| ||17,624| ||17,624| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 March 2025 And signed on its behalf by: Barbara Quarless (Jan 21, 2026 22:16:22 AST) B. Quarless Trustee Date: Jan 21, 2026 Page 6 **OLDP CIO Notes to the Accounts** ## **for the year ended 31 March 2025** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. - Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 7 **OLDP CIO Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Motor Vehicles 25%% Straight line ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## 2 **Company status** The Charity is a CIO (Charitable Incorporated Organisation) and therefore does not have share capital. Page 8 **OLDP CIO** **Notes to the Accounts** ## 3 **Statement of Financial Activities - prior year** |3
**Statement of Financial Activities - prior year**|||| |---|---|---|---| |**Income and endowments from:**
Donations and legacies
Other trading activities
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Grants
External Funding
Gift Aid
5
**Income from other trading activities**
Rent income
Sale of donated goods
Fees for painting and
decorating
Room hire income|**Unrestricted**
**funds**
**2024**
**£**
-
16,747
16,747
16,725
13,603
30,328
(13,581)
(13,581)
(13,581)
31,205
17,624
**Unrestricted**
**£**
7,980
1,800
1,000
10,780
**Unrestricted**
**£**
20,770
395
870
6,960
28,995|**Restricted**
**funds**
**2024**
**£**
2,400
-
2,400
2,400
-
2,400
-
-
-
-
-
**Total**
**2025**
**£**
7,980
1,800
1,000
10,780
**Total**
**2025**
**£**
20,770
395
870
6,960
28,995|**Total funds**
**2024**
**£**
2,400
16,747| ||||19,147
19,125
13,603| ||||32,728| ||||(13,581)| ||||(13,581)| ||||(13,581)
31,205| ||||17,624| ||||**Total**
**2024**
**£**
2,400
-
-| ||||2,400| ||||**Total**
**2024**
**£**
12,411
-
207
2,345| ||||14,963| Page 9 **OLDP CIO Notes to the Accounts** ## 6 **Income from investments** |Bank interest
7
**Other income**
Other income
8
**Expenditure on raising funds**
_Fundraising trading costs_
Discounts given
Costs of painting and
decorating
_Investment management_
_costs_
Bank interest
9
**Expenditure on charitable activities**
_Governance costs_
Board expenses|**Unrestricted**
**£**
64
64
**Unrestricted**
**£**
1,200
13,216
-
14,416
**Unrestricted**
**£**
1,680
1,680|**Total**
**2025**
**£**
64
64
**Total**
**2025**
**£**
-
-|**Total**
**2024**
**£**
-| |---|---|---|---| ||||-| ||||**Total**
**2024**
**£**
1,784| ||||1,784| ||||| |||**Total**
**2025**
**£**
1,200
13,216
-
14,416
**Total**
**2025**
**£**
1,680
1,680|**Total**
**2024**
**£**
-
-
4,401| ||||4,401| ||||**Total**
**2024**
**£**
3,665| ||||3,665| Page 10 **OLDP CIO Notes to the Accounts** ## 10 **Other expenditure** |Other expenditure
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
11 **Net income/(expenditure) before transfers**
This is stated after charging:
Independent Examiner's fee
12 **Staff costs**
No employee received emoluments in excess of £60,000.
13 **Tangible fixed assets**
**Cost or revaluation**
At 1 April 2024
At 31 March 2025
**Depreciation and**
**impairment**
At 1 April 2024
At 31 March 2025
**Net book values**
At 31 March 2025
At 31 March 2024
14 **Debtors**
Trade debtors
Prepayments and accrued income|**Unrestricted**
**£**
138
864
1,747
7,638
4,850
(440)
14,797
**2025**
**£**
300
**2025**
**£**
17,123
1,727
18,850|**Total**
**2025**
**£**
138
864
1,747
7,638
4,850
(440)
14,797
**Motor**
**Vehicles**
**£**
5,899
5,899
5,899
5,899
-
-|**Total**
**2024**
**£**
-
-
1,332
5,180
17,448
702| |---|---|---|---| ||||24,662| ||||**2024**
**£**
300
**Total**
**£**
5,899| ||||5,899| ||||5,899| ||||5,899| ||||-| ||||-| ||||**2024**
**£**
11,848
-| ||||11,848| Page 11 **OLDP CIO Notes to the Accounts** ## 15 **Creditors:** amounts falling due within one year |Trade creditors
Other creditors
Accruals
16 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
17 **Analysis of net assets between funds**
Net current assets
18 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2024**
17,624
17,624|**2025**
**£**
4,979
901
4,200
10,080
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
39,839
39,839
**At 1 April**
**2024**
**£**|**Resources**
**expended**
**£**
(30,893)
(30,893)
**Unrestricted**
**funds**
**£**
26,570
26,570
**Cash flows**
**£**|**2024**
**£**
5,026
-
4,140| |---|---|---|---|---| |||||9,166| |||||**At 31**
**March**
**2025**
**£**
26,570| |||||26,570| |||||**Total**
**£**
26,570| |||||26,570| |||||**At 31**
**March**
**2025**
**£**| |||14,942|2,858|17,800| |||14,942
14,942|2,858
2,858|17,800| |||||17,800| |||||| |19 **Related party disclosures**
**_Controlling party_**||||| The charity is a CIO and has no share capital; thus no single party controls the charity. Page 12 **OLDP CIO Detailed Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Income and endowments from:**
Donations and legacies
Grants
External Funding
Gift Aid
Other trading activities
Rent income
Sale of donated goods
Fees for painting and decorating
Room hire income
Investments
Bank interest
Other
Other income
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
Discounts given
Costs of painting and decorating
Investment management costs
Bank interest
**Total of expenditure on raising**
**funds**
Governance costs
Board expenses
**Total of expenditure on charitable**
**activities**
Other expenditure
Other expenditure
Employee costs|**Unrestricted**
**funds**
**2025**
**£**
7,980
1,800
1,000
10,780
20,770
395
870
6,960
28,995
64
64
-
-
39,839
1,200
13,216
14,416
-
-
14,416
1,680
1,680
1,680
138
138|**Total funds**
**2025**
**£**
7,980
1,800
1,000
10,780
20,770
395
870
6,960
28,995
64
64
-
-
39,839
1,200
13,216
14,416
-
-
14,416
1,680
1,680
1,680
138
138|**Total funds**
**2024**
**£**
2,400
-
-| |---|---|---|---| ||||2,400| ||||12,411
-
207
2,345| ||||14,963| ||||-| ||||-| ||||1,784| ||||1,784| ||||19,147
-
-| ||||-| ||||4,401| ||||4,401| ||||4,401
3,665| ||||3,665| ||||3,665
-| ||||-| ||||| Page 13 ## **OLDP CIO** ## **Detailed Statement of Financial Activities** |Staff training
Temporary staff
Motor and travel costs
Vehicles - General costs
Vehicles - Fuel
Vehicles - Repairs and
maintenance
Travel and subsistence
Premises costs
Rent
Premises cleaning
Premises insurances
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Motor Vehicles
Bad debts
Bank charges
General insurances
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Consultancy fees
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income/(expenditure)**
**Net income/(expenditure) before**
**other gains/(losses)**
Other Gains|460
404
864
341
189
791
426
1,747
3,925
1,348
2,323
42
7,638
-
-
60
955
713
62
2,400
660
4,850
300
(1,100)
360
(440)
14,797
30,893
-
8,946
8,946
-|460
404
864
341
189
791
426
1,747
3,925
1,348
2,323
42
7,638
-
-
60
955
713
62
2,400
660
4,850
300
(1,100)
360
(440)
14,797
30,893
-
8,946
8,946
-|-
-| |---|---|---|---| ||||-| ||||1,178
-
-
154| ||||1,332| ||||4,875
305
-
-| ||||5,180| ||||-
13,603
60
1,230
-
-
2,555
-| ||||17,448| ||||300
402
-| ||||702| ||||| ||||24,662| ||||32,728
-| ||||(13,581)| ||||(13,581)
-| Page 14 **OLDP CIO Detailed Statement of Financial Activities** |**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|8,946
17,624
26,570|8,946
17,624
26,570|(13,581)| |---|---|---|---| ||||31,205| ||||17,624| Page 15 ## **OLDP CIO** ## **Charity No. 1185732** **Company No. CE019140** **Trustees' Report and Unaudited Accounts** **31 March 2025** **OLDP CIO Contents** ||Pages|| |---|---|---| |Trustees' Annual Report||2| |Independent Examiner's Report||3| |Statement of Financial Activities||4| |Summary Income and Expenditure Account||5| |Balance Sheet||6| |Notes to the Accounts|7 to|12| |Detailed Statement of Financial Activities|13 to|15| Page 1 **OLDP CIO Trustees Annual Report** The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No. CE019140** ## **Charity No. 1185732** ## **Registered Office** 10 Byron Croft Sutton Coldfield B74 4YF ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: B. Brown C. Gilkes B. Quarless ## **Accountants** BVSC Latham House 33-34 Paradise Street Birmingham B1 2AJ The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board B. Barbara Quarless (Jan 21, 2026 22:16:22 AST) Quarless Trustee **Date:** Jan 21, 2026 Page 2 **OLDP CIO Independent Examiners Report** ## **Independent Examiner's Report to the trustees of OLDP CIO** I report to the charity trustees on my examination of the financial statements of OLDP CIO for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or - the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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. Andy Hopkins BVSC Latham House 33-34 Paradise Street Birmingham B1 2AJ 17 January 2026 Page 3 **OLDP CIO Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Other trading activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable activities
9
Other
10
**Total**
Net gains on investments
**Net income/(expenditure)**
11
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
10,780
28,995
64
-|**Total funds**
**2025**
**£**
10,780
28,995
64
-|**Total funds**
**2024**
**£**
2,400
14,963
-
1,784| |---|---|---|---| ||39,839
14,416
1,680
14,797|39,839
14,416
1,680
14,797|19,147
4,401
3,665
24,662| ||30,893
-|30,893
-|32,728
-| ||8,946
-|8,946
-|(13,581)
-| ||8,946|8,946|(13,581)| ||8,946
17,624|8,946
17,624|(13,581)
31,205| ||26,570|26,570|17,624| Page 4 **OLDP CIO Summary Income and Expenditure Account for the year ended 31 March 2025** |Income
Interest and investment income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income/(expenditure) before tax
for the year
**Net income /(expenditure )for the year**|**2025**
**£**
39,775
64
39,839
30,893
30,893
8,946
8,946|**2024**
**£**
19,147
-| |---|---|---| |||19,147| |||32,728| |||32,728| |||(13,581)| |||(13,581)| Page 5 **OLDP CIO Balance Sheet** ## **at 31 March 2025** |**Company No.**
**CE019140**
**Notes**
**2025**
**£**
**Fixed assets**
Tangible assets
13
-
**Current assets**
Debtors
14
18,850
Cash at bank and in hand
17,800
36,650
**Creditors:**Amount falling due within one year
15
(10,080)
**Net current assets**
26,570
**Total assets less current liabilities**
26,570
**Net assets excluding pension asset or liability**
26,570
**Total net assets**
26,570
**The funds of the charity**
**Restricted funds**
16
**Unrestricted funds**
16
General funds
26,570
26,570
**Reserves**
16
**Total funds**
26,570|**2024**
**£**
-
11,848
14,942| |---|---| ||26,790
(9,166)| ||17,624
17,624| ||17,624| ||17,624| ||17,624| ||17,624| ||17,624| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 March 2025 And signed on its behalf by: Barbara Quarless (Jan 21, 2026 22:16:22 AST) B. Quarless Trustee Date: Jan 21, 2026 Page 6 **OLDP CIO Notes to the Accounts** ## **for the year ended 31 March 2025** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. - Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 7 **OLDP CIO Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Motor Vehicles 25%% Straight line ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## 2 **Company status** The Charity is a CIO (Charitable Incorporated Organisation) and therefore does not have share capital. Page 8 **OLDP CIO** **Notes to the Accounts** ## 3 **Statement of Financial Activities - prior year** |3
**Statement of Financial Activities - prior year**|||| |---|---|---|---| |**Income and endowments from:**
Donations and legacies
Other trading activities
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Grants
External Funding
Gift Aid
5
**Income from other trading activities**
Rent income
Sale of donated goods
Fees for painting and
decorating
Room hire income|**Unrestricted**
**funds**
**2024**
**£**
-
16,747
16,747
16,725
13,603
30,328
(13,581)
(13,581)
(13,581)
31,205
17,624
**Unrestricted**
**£**
7,980
1,800
1,000
10,780
**Unrestricted**
**£**
20,770
395
870
6,960
28,995|**Restricted**
**funds**
**2024**
**£**
2,400
-
2,400
2,400
-
2,400
-
-
-
-
-
**Total**
**2025**
**£**
7,980
1,800
1,000
10,780
**Total**
**2025**
**£**
20,770
395
870
6,960
28,995|**Total funds**
**2024**
**£**
2,400
16,747| ||||19,147
19,125
13,603| ||||32,728| ||||(13,581)| ||||(13,581)| ||||(13,581)
31,205| ||||17,624| ||||**Total**
**2024**
**£**
2,400
-
-| ||||2,400| ||||**Total**
**2024**
**£**
12,411
-
207
2,345| ||||14,963| Page 9 **OLDP CIO Notes to the Accounts** ## 6 **Income from investments** |Bank interest
7
**Other income**
Other income
8
**Expenditure on raising funds**
_Fundraising trading costs_
Discounts given
Costs of painting and
decorating
_Investment management_
_costs_
Bank interest
9
**Expenditure on charitable activities**
_Governance costs_
Board expenses|**Unrestricted**
**£**
64
64
**Unrestricted**
**£**
1,200
13,216
-
14,416
**Unrestricted**
**£**
1,680
1,680|**Total**
**2025**
**£**
64
64
**Total**
**2025**
**£**
-
-|**Total**
**2024**
**£**
-| |---|---|---|---| ||||-| ||||**Total**
**2024**
**£**
1,784| ||||1,784| ||||| |||**Total**
**2025**
**£**
1,200
13,216
-
14,416
**Total**
**2025**
**£**
1,680
1,680|**Total**
**2024**
**£**
-
-
4,401| ||||4,401| ||||**Total**
**2024**
**£**
3,665| ||||3,665| Page 10 **OLDP CIO Notes to the Accounts** ## 10 **Other expenditure** |Other expenditure
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
11 **Net income/(expenditure) before transfers**
This is stated after charging:
Independent Examiner's fee
12 **Staff costs**
No employee received emoluments in excess of £60,000.
13 **Tangible fixed assets**
**Cost or revaluation**
At 1 April 2024
At 31 March 2025
**Depreciation and**
**impairment**
At 1 April 2024
At 31 March 2025
**Net book values**
At 31 March 2025
At 31 March 2024
14 **Debtors**
Trade debtors
Prepayments and accrued income|**Unrestricted**
**£**
138
864
1,747
7,638
4,850
(440)
14,797
**2025**
**£**
300
**2025**
**£**
17,123
1,727
18,850|**Total**
**2025**
**£**
138
864
1,747
7,638
4,850
(440)
14,797
**Motor**
**Vehicles**
**£**
5,899
5,899
5,899
5,899
-
-|**Total**
**2024**
**£**
-
-
1,332
5,180
17,448
702| |---|---|---|---| ||||24,662| ||||**2024**
**£**
300
**Total**
**£**
5,899| ||||5,899| ||||5,899| ||||5,899| ||||-| ||||-| ||||**2024**
**£**
11,848
-| ||||11,848| Page 11 **OLDP CIO Notes to the Accounts** ## 15 **Creditors:** amounts falling due within one year |Trade creditors
Other creditors
Accruals
16 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
17 **Analysis of net assets between funds**
Net current assets
18 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2024**
17,624
17,624|**2025**
**£**
4,979
901
4,200
10,080
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
39,839
39,839
**At 1 April**
**2024**
**£**|**Resources**
**expended**
**£**
(30,893)
(30,893)
**Unrestricted**
**funds**
**£**
26,570
26,570
**Cash flows**
**£**|**2024**
**£**
5,026
-
4,140| |---|---|---|---|---| |||||9,166| |||||**At 31**
**March**
**2025**
**£**
26,570| |||||26,570| |||||**Total**
**£**
26,570| |||||26,570| |||||**At 31**
**March**
**2025**
**£**| |||14,942|2,858|17,800| |||14,942
14,942|2,858
2,858|17,800| |||||17,800| |||||| |19 **Related party disclosures**
**_Controlling party_**||||| The charity is a CIO and has no share capital; thus no single party controls the charity. Page 12 **OLDP CIO Detailed Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Income and endowments from:**
Donations and legacies
Grants
External Funding
Gift Aid
Other trading activities
Rent income
Sale of donated goods
Fees for painting and decorating
Room hire income
Investments
Bank interest
Other
Other income
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
Discounts given
Costs of painting and decorating
Investment management costs
Bank interest
**Total of expenditure on raising**
**funds**
Governance costs
Board expenses
**Total of expenditure on charitable**
**activities**
Other expenditure
Other expenditure
Employee costs|**Unrestricted**
**funds**
**2025**
**£**
7,980
1,800
1,000
10,780
20,770
395
870
6,960
28,995
64
64
-
-
39,839
1,200
13,216
14,416
-
-
14,416
1,680
1,680
1,680
138
138|**Total funds**
**2025**
**£**
7,980
1,800
1,000
10,780
20,770
395
870
6,960
28,995
64
64
-
-
39,839
1,200
13,216
14,416
-
-
14,416
1,680
1,680
1,680
138
138|**Total funds**
**2024**
**£**
2,400
-
-| |---|---|---|---| ||||2,400| ||||12,411
-
207
2,345| ||||14,963| ||||-| ||||-| ||||1,784| ||||1,784| ||||19,147
-
-| ||||-| ||||4,401| ||||4,401| ||||4,401
3,665| ||||3,665| ||||3,665
-| ||||-| ||||| Page 13 ## **OLDP CIO** ## **Detailed Statement of Financial Activities** |Staff training
Temporary staff
Motor and travel costs
Vehicles - General costs
Vehicles - Fuel
Vehicles - Repairs and
maintenance
Travel and subsistence
Premises costs
Rent
Premises cleaning
Premises insurances
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Motor Vehicles
Bad debts
Bank charges
General insurances
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Consultancy fees
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income/(expenditure)**
**Net income/(expenditure) before**
**other gains/(losses)**
Other Gains|460
404
864
341
189
791
426
1,747
3,925
1,348
2,323
42
7,638
-
-
60
955
713
62
2,400
660
4,850
300
(1,100)
360
(440)
14,797
30,893
-
8,946
8,946
-|460
404
864
341
189
791
426
1,747
3,925
1,348
2,323
42
7,638
-
-
60
955
713
62
2,400
660
4,850
300
(1,100)
360
(440)
14,797
30,893
-
8,946
8,946
-|-
-| |---|---|---|---| ||||-| ||||1,178
-
-
154| ||||1,332| ||||4,875
305
-
-| ||||5,180| ||||-
13,603
60
1,230
-
-
2,555
-| ||||17,448| ||||300
402
-| ||||702| ||||| ||||24,662| ||||32,728
-| ||||(13,581)| ||||(13,581)
-| Page 14 **OLDP CIO Detailed Statement of Financial Activities** |**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|8,946
17,624
26,570|8,946
17,624
26,570|(13,581)| |---|---|---|---| ||||31,205| ||||17,624| Page 15