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2024-01-01-accounts

Trustees’ Annual Report for the period

From 02/01/2023 Period start date To 01/01/2024 Period end date

Charity name: 1Hundred

Charity registration number: 1188073

Objectives and Activities

Objectives and Activities
SORP
reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The purpose of 1Hundred, as set out in its
governing document, is:
“The prevention or relief of poverty
worldwide by providing items and services
to individuals in need.”
This purpose focuses on addressing the
root causes and effects of poverty by
offering tangible support in the form of
items (e.g., food, clothing, or essential
supplies) and services (e.g., education,
training, or direct assistance). The charity
aims to alleviate hardship and improve the
quality of life for individuals facing
poverty, ensuring that its activities
contribute to public benefit in alignment
with its charitable objects.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 During the financial year, 1Hundred did not
undertake any activities, projects, or
services. The charity remains dormant and
has not yet commenced operations.
However, the trustees are committed to
advancing the charity’s purposes, which are
focused on the prevention or relief of
poverty worldwide by providing items and
services to individuals in need.
The trustees are actively exploring
opportunities to implement the charity’s
objects in the future by planning and
establishing the necessary infrastructure,
partnerships,and fundingstrategies. Once
operational, all activities will be carried out
in line with the public benefit requirement
as set out in the charity’s governing
document.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees of 1Hundred confirm that they
have had due regard to the guidance issued
by the Charity Commission on public benefit
when exercising their duties and planning
for the future activities of the charity.
Although the charity has not yet undertaken
any activities during the financial year, the
trustees remain committed to ensuring that
all future actions will align with the public
benefit principles as outlined in the
Commission’s guidance.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP
reference
Policy on grant making Para 1.38 n/a
Policy on social investment
including program related
investment		 Para 1.38 n/a
Contribution made by
volunteers		 Para 1.38 n/a
Other n/a

Achievements and Performance

SORP reference

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 During the financial year, 1Hundred has not
yet commenced operations and has not
undertaken any activities or projects. As
such, there are no direct achievements or
measurable impacts to report regarding the
charity’s work or its benefits to beneficiaries
or society as a whole.
However, the trustees have been focused on
laying the groundwork for the charity’s
future activities. This includes ensuring
compliance with regulatory requirements,
reviewing the charity’s governing
documents, and exploring potential
opportunities to fulfil the charity’s objects
effectively.
The trustees remain committed to delivering
meaningful relief and assistance to
individuals and communities in need
globally. Future activities will be guided by
the principles of public benefit and aligned
with 1Hundred’s charitable purposes,
ensuring a positive and lasting impact on the
circumstances of beneficiaries and society.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 n/a
Performance of fundraising
activities against objectives
set		 Para 1.41 n/a
Investment performance
against objectives		 Para 1.41 n/a
Other n/a

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the financial period, 1Hundred
had no income, expenditure, or financial
activity. The charity did not hold any funds
or assets, and no liabilities were incurred
during the period. As such, the financial
position remains neutral, with a balance of
£0.
The trustees are mindful of the need to
establish a sustainable financial base for the
charity’s future activities. Plans are being
considered to secure funding through
donations, grants, and other lawful means
to enable the charity to begin operations in
alignment with its objects.
The charity’s financial position will continue
to be closely monitored to ensure
compliance with regulatory requirements
and readiness to support future initiatives.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 As of the end of the financial period,
1Hundred does not hold any reserves
because the charity has not yet commenced
operations or received any income.
Once the charity becomes operational,
reserves will be held to ensure financial
stability and to support the charity’s ability
to fulfil its objects effectively. The trustees
plan to establish a reserves policy based on
the following principles:
1.Purpose of Reserves
Reserves will be held to:
• Provide a financial buffer to manage
unforeseen expenses or fluctuations in
income.
• Ensure continuity of the charity’s
activities during periods of financial
uncertainty.
• Support planned investments in
projects or initiatives that align with
the charity’s purposes.
2.Target Level of Reserves
The level of reserves to be held will be
determined based on:
• The anticipated operatingcosts of
the charity.
• Risks associated with income streams
and expenditure.
• The need to maintain flexibility to
respond to emergencies or
opportunities.
3.Review of Reserves Policy
The reserves policy will be reviewed
annually to ensure it remains appropriate
and aligned with the charity’s financial
position and strategic objectives.
Currently, the trustees’ priority is to secure
funding and develop sustainable financial
plans to enable the charity to commence its
work and build reserves in accordance with
thispolicy.
Amount of reserves held Para 1.22 Since 1Hundred is currently dormant and
has not engaged in any financial activities,
the amount of reserves held at the end of
the financial period is:
£0
This reflects the fact that the charity has not
received any income, made any
expenditures, or accumulated any funds
duringthe financialyear.
Reasons for holding zero
reserves		 Para 1.22 1Hundred currently holds zero reserves
because the charity is dormant and has not
yet commenced operations. During the
financial year, the charity did not receive any
income or donations, nor did it incur any
expenditure. As a result, no funds have been
accumulated to establish reserves.
The trustees are focused on securing initial
funding and establishing financial stability to
enable the charity to begin its work. Once
operations commence, a reserves policy will
be implemented to ensure the charity can
sustain its activities and respond to financial
uncertainties.
Details of fund materially in
deficit		 Para 1.24 At the end of the financial period, 1Hundred
did not hold any funds, and there are no
funds in deficit. The charity has not incurred
any liabilities or financial commitments, as it
has notyet commenced operations.
Explanation of any
uncertainties about the		 Para 1.23 There are currently no significant
uncertainties regarding1Hundred’s abilityto
charity continuing as a going
concern		 continue as a going concern. While the
charity has not yet commenced operations
or generated income, it has not incurred any
liabilities or financial obligations that would
jeopardize its ability to remain active.
The trustees are confident that the charity’s
objectives are aligned with public benefit
needs and that funding opportunities will be
identified and secured in the future to
support its planned activities. The trustees
are committed to monitoring the charity’s
financial position closely and taking
appropriate steps to ensure its
sustainability.
Additional information (optional)
You maychoose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 n/a
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 n/a
A description of the principal
risks facing the charity		 Para 1.46 n/a
Other n/a

Structure, Governance and Management

Description of charity’s
trusts:		 The charitable objects of 1Hundred focus on
the prevention or relief of poverty
worldwide by providing items and services
to individuals in need. The charity operates
for the public benefit by addressing the
effects of poverty and improving the lives of
those affected through practical and
targeted support, ensuring its activities align
with itsgoverningdocument.
Type of governing document
(trust deed, royal charter)		 Para 1.25 The charity is governed by a constitution
specifically drafted for a Charitable
Incorporated Organisation (CIO), which sets
out the charity’s objects, powers, and the
responsibilities of its trustees.
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 1Hundred is constituted as a Charitable
Incorporated Organisation (CIO) Foundation.
This structure provides the charity with a
legal identity separate from its trustees,
allowing it to enter into contracts and hold
propertyin its own name.
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 The selection and appointment of trustees
are governed by the provisions in the CIO
constitution. Key points include:
1.
Appointment by Existing Trustees:
Trustees are appointed by a decision of the
existing trustees, as outlined in the
constitution.
2.
Fixed Terms of Office:
Trustees may serve for a specified term as
set out in the constitution, after which
reappointment may be considered.
3.
Skills and Diversity Considerations:
Trustees are selected based on their skills,
experience, and ability to contribute to the
governance and success of the charity,
ensuring diversity and alignment with the
charity’s objects.
4.
No External Appointing Body:
There is no external body entitled to appoint
trustees unless specified otherwise in the
constitution.
5.
Removal or Replacement of Trustees:
Provisions are included to allow for the
removal or replacement of trustees in
accordance with the CIO constitution and
CharityCommissionguidelines.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 n/a
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 n/a
Relationship with any related
parties		 Para 1.51 n/a
Other n/a

Reference and Administrative details

Charityname 1Hundred
Other name the charityuses
Registered charitynumber 1188073
Charity’s principal address GROUND AND BASEMENT
7-9 SWAN STREET
MANCHESTER
M4 5JJ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
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20		 Trustee name Office (if any) Dates acted if not
for whole year		 Name of person (or
body) entitled to
appoint trustee(if any)
Omar El-Saleh
Huda Nagi
Sarah Atia

Corporate trustees – names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole
year
Funds held as custodian trustees on behalf of others Funds held as custodian trustees on behalf of others
Description of the assets
held in this capacity		 At the end of the financial period, 1Hundred does not hold
any assets. The charity is dormant and has not yet received
funds, property, or other resources. As such, there are no
assets currentlyunder its management.
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 1Hundred is a Charitable Incorporated Organisation (CIO)
Foundation. When assets are received, they will be held in
accordance with the charity’s objects, which focus on the
prevention or relief of poverty worldwide. These objects
align with the charity’s aim to provide public benefit by
offering items and services to individuals in need, ensuring
practical and impactful support to alleviate the effects of
poverty.
Details of arrangements for
safe custody and segregation
of such assets from the
charity’s own assets		 When assets are received, the following arrangements will
be implemented:
1.
Bank Account:
All monetary assets will be held in a dedicated bank account
in the name of 1Hundred to ensure clear segregation from
any personal or unrelated funds.
2.
Asset Registers:
A comprehensive asset register will be maintained to record
all tangible and intangible assets held by the charity.
3.
Custodian Measures:
Physical assets (e.g., equipment, supplies) will be stored
securely, and appropriate measures will be taken to ensure
their safekeeping.
4.
Trustee Oversight:
Trustees will oversee the management and safekeeping of
all assets, ensuring compliance with the charity’s governing
document and regulatory requirements.
5.
Segregation of Funds:
Any funds held on behalf of other charities or for restricted
purposes will be clearly identified and segregated to ensure
they are used solely for their intended purposes.

Additional information (optional)

Names and addresses of advisers (Optional information)

Additional information (optional)
ames and addresses of advisers (Optional information)		 Additional information (optional)
ames and addresses of advisers (Optional information)		 Additional information (optional)
ames and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Omar El-Saleh


Chair

28/01/2026

28/01/2026

Charity No. 1188073 1HUNDRED (Dormant Accounts) (A Charitable Incorporated Organisation)

Annual Report and Financial Statements 02/01/2023 - 01/01/2024

Contents

  1. Legal and Administrative Information

  2. Report of the Trustees

  3. Dormant Balance Sheet

  4. Notes Forming Part of the Financial Statements

Legal and Administrative Information

GROUND AND BASEMENT 7-9 SWAN STREET MANCHESTER M4 5JJ

Trustees’ Report

The Trustees present their annual report and accounts for the first period ended 01/01/2024. During this period, the charity had dormant accounts.

Structure, Governance, and Management

The charity is constituted as a Charitable Incorporated Organisation (CIO) Foundation on 20 February 2020.

Trustees are legally responsible for the governance and management of the charity. They are responsible for setting strategies and policies and ensuring these are implemented.

Risk Management

The charity’s trustees have considered the major risks to which the charity is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage these risks and to mitigate any adverse outcomes.

Objectives and Activities

The governing scheme defines the charity’s objects as being:

The prevention or relief of poverty worldwide by providing items and services to individuals in need.

Achievements and Performance

The CIO was dormant during this period.

Financial Review

No transactions took place during this period.

Future Plans

1Hundred is expected to start its fundraising soon.

Trustees’ Responsibilities Statement

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy, the financial position of the charity at any time. These records enable them to ensure compliance with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the provisions of the trust deed.

They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 31/12/2024 and signed on their behalf by:

Omar El-Saleh Trustee

Balance Sheet as at 01/01/2024

Dormant Accounts

Fixed Assets
Tangible Assets
Total Fixed Assets
Current Assets
Stock and Work-in-Progress
Debtors
Cash at Bank and in Hand
Liabilities
Creditors (Amounts Falling Due Within One Year)
Net Current Assets
Creditors (Amounts Falling Due After One Year)
Provision for Liabilities
Net Assets
Reserves		 £
0
0
0		 Period to
01/01/24
£
0
0
0
0
0
0
0
0
0

Approved by the Board on 31/12/2024 and signed on its behalf by:

Omar El-Saleh Trustee

Notes Forming Part of the Financial Statements

1. Accounting Policies

(a) Basis of Preparation: The accounts have been prepared in accordance with the receipts and payments basis in accordance with the Charity Commission guidance.

(b) Charity Status: The charity is constituted as a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11 of the Charities Act 2011 on 20 February 2020.

(c) Fund Accounting:

(d) Receipts: All income is recorded when legally receivable.

(e) Payments: All expenditure is recorded on a payments basis and categorized accordingly.

2. Member Liabilities

The members of the CIO have no liability to contribute to its assets or debts.

3. Debt Outstanding

No outstanding debts or secured charges are reported.

4. Related Parties

The charity is controlled by the trustees. No trustee received emoluments or expenses during the year.