Registered Charity Number 1189425 Our Communtty Foundation ao Trustees Report and Annual Accounts For the year ended 30th April 2024
Registered Charity Number 1189425 Our Community Foundation CIO Reports and atcounts Contents Trustee's Rep)rt ststernent of Trustees. responsibilities
Registered Charity Number 1189425 Our Communlty Foundatlon ao Charity Informatfon Trustees Micheal Maurice Tooze Maurisha Burte<arty Haleemah Zafar Chri5tel Rogers Saddak Mlah Accountsnts Fintax UK Ltd Chartered Certified Accountsnts 888 Washwood Heath Road Blrmlngham B8 2NB 0121784 1111 Bankers Metro Bank 85-88 High St Birmingham B4 7fE Registered Office Our Community Foundation CIO 314 Zellig Building The Custsrd Factory Gibb Street Deritend B9 4AT Reglstered Number 1189425
Registered Charity Number 1189425 Our Communlty Found*lon ao The report ot the tntstees for the year ended 31 April 2024 Intrrylurtlon The trustees present their annual reports and accounts for the year ended 31 Aprll 2024. The board of trustees are eXdInglY satisfied with the perforn)an of the charty during the year and the POSFtion at 31 April 2024 and consider the charity is in a strong position to continue its activities during the coming year. and that the charl5 assets a adequate to fulfil it's obligation5. Name. rstered office arKI constitution ofthe tharlty The legal gIStratiOn detsi15 are: Date of formatlon oviin019 The Principal offi is 314 Zellig Buildin& The Custard Fartory. Gibb StreeL B9 4AT Charity Registration Number 1189425 The telephone number is 0121667 11)Xi
Registered Charty Number 1189425 Oblectlves and Actlvliles of the Charlty A summory oAthe obJe¢dves oAthe dmrftyas srtoutln ltsgoveming do¢umert Objertlves 11 To further or benefit the residents of BimiinEham. without distinction of sex. sexual orientatlon, race or of poltfical, religious or other opinions by associating together the said 1deTrts and the local authoriknes, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social Welfa for recreation and lelsure time occupation with the ob}ective of improving the conditions of life for the restdents. 21 To advance in life and relle¥e need5 of young people through: lal The provision of recreational and leisure time acilvitres provided in the interest of social welfare. designed to improve their conditions of life- Ibl Providing support and athvities which develop their skills. capacities and capabilitFes to enable them to partithpate in society as mature and responsible individuals. Publk Benefft tlwt 15 Prnvd ty the choiity We confirm that the Trustees have had regard to the guidance issued by the Charity Commission on public benefit, in deciding on the activities of the CIO. Our Community Foundatlon CIO The of the Trustees for the year ended 31 April 2024. Achlevements and Perforn)anee of the Charity A revlew of ¢harits7ble Odivitles undertoken ty the charlty The CIO earnt £308.375 in grants and donatlons in the reporting year. The CIO used £173,769 for staffin& administration. consultancy. rent, bills. utilities and marketing for projert delivery.
Reglstered Chartty Number 1189425 Summoryolthe moln achiernents olthe charitydun.ng the year Note.'Afull ve&sion of our onnual report olong with photo4 vide05. vlog5 blogs ond doLvmentaries can befound on our website." wJvw.ourcommunity.org.uk From here you can atso dick into our50ciolmediapoges, where contenthos been put together ond presentedbyyoung peopleforyoung people. Football sesslons In Alum Rock 38 young people participated in weekly football sessK)ns delivered at Rockwood Academy for the first time. It vfis a pllot projert. which took a while to knckstsrt but has been an amazing success. We are now looking to thrt a local league to make It nK)re competitive going forward. Street Cricket sesslons In Alum Rod( 22 young people participated in weekty street uicket sessions delivered at Eden Boys Leadership Academy for the firsi time. It was a pllot projett. which took a while to kickstsrt but has been an amazing success. Detached Y(Mrth work in Alum Rock Our team have been out and about in Alum Rock throughout the year, vistilng key hotspot areas for anti-social behaviour. local parks and streets to engage young people into FLisitive activities. They have also arranged with local schools to be outside the schools at home Me5 to give out leaflets and have physically posted these doors to door in the localrty. showcasing current activities available to young people afterschool and on weekends. Over the year they have engaged with over 460 young people. with over 120 signrM)sted to services and 190 signing up to regular sports. mentoring support and youth activitres. Glrts onty cydI sessions in Alum Rock 20 young girls participated in cycling 5e5sions for the first time In partnershlp wrth The Active Wellbeing Society and Naseby Youth Cent. They We able to leam how rycle, maintain the blkes and were all awarded bikes to keep after completion. HAF Programmes We delivered Holiday Acthiitres Fund programmes In Alum Rock. Kingstanding and Erdington engaging over 282 young people in positive activtties over the holidays. Acttvitie5 included Muay Thai. boxing. fitness. artsl crafts. healthy eating workshops. first aid training and team building exercises. The sessions We supported by the Iloyal Navy.
Registered Charity Number 1189425 Student Of The Game Podast Proiett 20 young people We upskilled through our Student OfThe Game Social Enterprise, learning about podcastin& filmin& digital media and social media marketing. In our first season. 10 professional podcasts were filmed, edfted and marketed across our social media channels. We had some amazing people from all walks of life. from CE(Ys, Teachers. Communtty Leader5, Entrepreneurs, Youth and Leadets. All these people who overcame challenges to make it where they are today. helping us to Inspire other young people by sharing their stories. Our reach on Social media has skyrocketed with 61)0,000 viewers on YouTube of which 4.Cl) are young people. NCS, Youth SIal Artlon & mentoring in schools This year we continued to work with Eden Boys and further developed our relationship with Birmingham Youth Service and The Naseby Youth Centre. We have supported S8 young people with mentoring and workshop support. We have deliVed 12 workshops covering employability, drugs/ consequences, county lines, first aid and mental health 5UPPOrt. 28 young people put together a Cleaner Alum Rock social action projert. 30 young people working in 2 cohorts spent an Insight Day at Gowling WLG, learning ab)ut careers arnl future plans from experienced mentors. Celebratfn8 one year on of the Commonwealth Games To celebrate one year on of the commonwealth games. we hosted a swrting event in the community with over 25(K) people wlth over 18C(l young people in attendan all enjoying new sports. includlng football tournaments for young people. boxin& basketball. cricket, squash, badminton, archery. tsble tennis, cycling and team building exercises with Royal Na & Brrbsh Arrny. With great entertainment on the day with a live DJ, magic man. stslls. foods. clothes, face painting and lots of activities which were enjoyed by all. Contribution made ty volunteers Overthe last year we took on 3 interns from University of Birmingham who supported u5 in the areas of Business Development. S(xial Medta Marketing and filminglpodcastinE and photography. All 3 were a great asset, all helping to develop each area of works and gaining new experience5 at the same tlme. We also took on a student from Bimiingham City Unlversity. who was in her last year of her JNC youth work degree and supported our youth clubs and holiday programmes. We also had 2 community volunteers who stepped up to help with setting up of equipment and with the plannlng of our sports projectsl community events. We are proud of our diverse Board of Trustees. made up of volunteers from a wide range of backgrounds including young people and are responsible for the overJll strategnc direction of Our Community Foundation. Our core Trustees all live in the communlties we serve. so have a thorough understandlng of the local needs & wants. We have rn0 female Trustees than male Trustees. from diverse backgrounds including young people. Overall. we have a wide range of Skills & expertise in our management team with over ICQ years of experience in delivering youth vrk. SFJorts & mentoring (Blrmingham Youth Service & voluntsry sector). education. community/ sport development, social enterprise & speak 6 different languages.
Registered Charity Number 1189425 Monitoring The CIO provided regular monitoring for all projects with adequate systems and processes In place to cord impact and provide evaluation. Structure. G0ManCe and Management Noture ofthe Governlng Document ondconstilyihn of the drfty The Charity is incorporated and governed by its own Foundation constitution. The trustees have overall control and responsibilty for policy and major decision making. Our Community Foundation ao The report of the Trustees fty year ended 31 Aprfl 20 Other than the Trustees and person5 connected with them there a no individuals who are related parties. Details of transactions Wtth related partles are Sh• In the notes to the accounts. This indudes remuneration and expenses paid to Trustees. Apart from the first charttytrustees. every tntr apF)ointment must be by resolution passed at a properly convened meeting of the chajity trustees. In selecting indiwduals for apFKJintment as appointed charity trustees. the charity trustees must have regard to the skllls. knowledge and experience needed for the effective administration of Our Community Foundation CIO. No third party has a right to appoint a Trustee. Hnanclal Revlew Pollcles on reserves The trustee5 have resolbtd to estawish reserves to provide further activities, and to provide ndIng for the expected expenditure for six month5 ahead in the Sum of £8,1XlO. The members of the Board of Trustees of the Charity during the ar ended 31 ApTiI ZOZ Micheal Maurice Too Maurisha Burte-carty Haleemah Zafar Chrlstel Rogers Saddak Miah
Registered Charity Number 1189425 The members ol the Board of Trustees of the char at the date ot the report and ac¢ounts were approved were:. Micheal Mouri¢e Too Maurisha 8urte-Carty Haleemah Zafar Christel Rogers Saddak Miah Independert Examlner Tahir Yasin FCCA Fintax UK Ltd Chartered Cerbfied Accountants 888 WashwcM)d Heath Road Birmingham 88 2NB 0121784 1111 Ourcommunity Foundation CIO The report of the Trustees for the year ended 31 April 2024. Statement of Trustee< Responsibllltles The Charities Art and the Companies Art require the Board of Trustees to prepare financial statements for each financial year which give a t and fair view of the state of affairs of the charlty a5 at the end of the financial year and of the surplus or defictt of the charlty. In preparing those financial statements the Board is required to:_ selett suitable accounttng policies and then apply them consi5tentty. make judgements and estimate5 that are reasonable and prudent. and- prepare the financial statements on the going concern basis unle$5 it is inappropriate to presume that the charity will continue in busine55. state whether applicable accounting standards and statements of recommended prathce have been followed, subject to any material departures disclosed and explalned In the financial statements. The Trustees are also responslble for maintsining adequate accountirig records whlch dixlose with reasonable accuracy at any time the financial posithon 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 the Companles Act 26 and Comp wtth regulation5 made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hen for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are also responslble ft)r the contents of the trustees, report, and the 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 incon5i5tencies with the figures disclosed in the financial ststements.
Registered Charity Number 1189425 Thls report was appfwed by the Board of Tntstees on 25th Jyne 202+L Signed on behalf of the trustees. Micheal Maurlce T002e Chair
CHARITY REGISTRATION NUMBEIL" 1189425 Our Community Foundation (CIO) Financial Statements 30 April 2024
Our Community FoundatSon (CIO) Flnancial Statements Period ended 30 April 2024 Page Trustees, annual report 4 Statement of financial activilies Statement of finandal position Statement of cash flows Notes to the financial staternents
Our Communlty Foundatlon (CIO) Trustees. Annual Report | Period ended 30 AprS12024 The trustees present their reiKrt and the financial staternents of the charlty for th8 P8riod ended 30 Aprl 2024. Ref•rén¢o and admlnlstratlve delalls Rgglst•r•d charity name Our Communty Foundatron(ClO) Chariiy reglstration number 1189425 Prlnclpal office 314 Zdlig Bullding. Custard Facty, Gibb St Deritend, Bwrningham 89 4AT The truste•s Maurisha Rose Burtecaty Saddak Miah Chri5tel Rogers Haleemah Zafar Michael Marurv Toozè Bankers Metro Bank
Our Community Foundation (CIO) Trustees. Annual Report (e•ntlTru•d) I Period ended 30 April 2024 Our Communlty Foundation is an unlno)rp(xth ch8rity cthstituted under a Deed of Declaratlon of Trust dated 01 Nov 2019. It is a registered ¢hartty with a charity numb8r being 1189425 and wa$ registered as a charity on 11 May 2020. ReCltment and apwntrnent ol new lJustees would be in line the Tfust Deed and Trmth the consent of the trustees. The criteria set for the suilable csrxlidate be someone who is serlte to the needs and demands of the onjanisation. The day to day affairs arn undertaken by Basharat Dad who is the frmjnder and CEO on behaw of the trustees. All major decisions are taken (x)Ilectively by the trustees and all the trustees give of their timo fredy. The trustees are unpaid arHI details ol any related paty transactions are disclosed as applicable in the notes to the acc¢wnts. The arrangements for setting the pay of the chariws employees are the sole domain of the trustees. The are poliaes for the induction or traFning of new trustees. Rlsk roview The Trustees have assessed major risks to which the charity is exwsed, in particular those related to the operalions and finances of the Trust. and are satIsfd that systems are in ace to manage c4Jr exposure to the major risks. The r¢ks faced by the trust are ptlncipally 0ratIonal risks from ineffediva grant m8king. Those risk$ are managed by tho trustees researching potential beneficiaries bef( granting donatk)rE. Report back and review procedures strengthen these safeguards to ensLTe public benefrt Is achieved from all grants.
Our Community Foundatlon (CIO) Trustees. Annual Report (¢ondnu•dJ I Period ended 30 April 2024 Structure, governance and management Govemlng Document The cty is C•Mtituied as a charitable incorporated organisation. Goveming Body The structure of the Charity conwsts of Flve Trustees and one chair person. The Board of trustees is authorised to appoint nw Trustees to ffll vacAn(aes arising Ihrough resignation or death of an existing Trustee. Organisational Management Th8 Trustees of the Charity are leg81ty responsible for th8 overall man4ement and control of the Charlty and meet regufarly. Objectjves and athitie8 The Charity is constited a$ a Charitable IrKoTporated ¢Jrganisabon. Tho Charitys objeds arKI tts prInC4p of encourage and empower tho ambllions of Uie residant$ of Biimingham, with a fows on young wpla {aged 11 trj 28) supwting into sustained education, training and work through our personal development programmes. The Charity i8 organised so that the Trusiees meet regularty lo manage its affairs. The Charty employees fulltime stsff and seasonal wothers. Administration of the Charlty is deaFt wtth by trustees. Stralegl¢ report The follong secth?ns for achtavements aNI perfom)an¢e and financial révw form the strategic report of the charity.
Our Communfty Fondatlon (CIO) Trustees. Annual Report (contslnu0 I P•rlod onded 30 April 2024 FSnanclal revlew The Trustees ([der that the perfonnan* of the Charity this year has been The charity received d(Mation of £308,375. The charity distributed a total of £173,769 during the y8ar. The natttres of the distributlons were in line with the constitution and oLiects of the Charity. This is in Ilne wilh the wishes of the Trustees who c%)nstanlly revtew the eff8ctiveness of Ihe Charity and approve the s(XJP8 ol their activitias. Trugtses, re$pon$ibilities slatement The trustees, who are also directors for the wrposes of company law, are responslble for preparing the trustees, report and the financial statements in acc4)rdan¢e with applicable law and Untted lfjngdom Accounting Standards (United Kingdcffi Generally Accepted knxMJnting Practice). Company law requires the charity trustees to prepare financHI statsments for each year whlch give a tru8 and falr view of the stste of affairs of th& tharitablg company and the inming resources arKI application of resources. induding the inctsme and expendith. for that period. In preparing these finan¢ial statem8nts. the are required to: select suitable ac(xJunting p(Ahie5 and then apply them (x)nsistentty. observe the methcKls and principles in the appCable Charrbes SORP: make judgm&r)ts and aCCntIng estimates that are rtrasonat48 and pNdant stale whether applicable UK AcC(ntIng Standards have been Idlowed. subject to any malerial departures disclosed ewained in the finarKial statements. prepare the financial statements on the going conc8m basis unless it is inappropriate to presume that the charsty Mll continue in business. trustees are reswnsible for keeping adwuate accounting records that are sufficient to show and explain th8 charitys transaclh)ns and disclose rèasonable accuracy at any time the financlal p)sition of the charty and enable them to ensure that the financial slatements comply vAth the Companies Act %J06. They are abo responsitrAe for safeguarding the assets of th8 charrty and hence for taking reasonabje steps for the preventKsn and detection of fraud and other irregularities. The trustees, annual report and the strategtc report were approved on .......... on behalf of the board of trustees by: and signed Ml¢hael Maurlce Too2•
Our Community Foundatlon (CIO) Statement of Financlal Activities Period ended 30 Aprll 2024 2024 2023 Unrestricted RestrlGte41 Total funds funds funds Income and endowmonts Grants Sundry income Total Income 113.221 191154 308,375 65.940 113.221 195.154 308.375 65,940 Eynditure 79.1)06 94,763 173,769 55,301 T¢)tal expend1re 79.006 94,763 173.769 55,301 Net exponditure and ngt movement In fund 34215 100,392 134,606 10,639 Re¢onciliatlon ol funds Total funds brought forwanl {29.330) [18,6911 Total funds carrled forward .1163,936) _ (29.3301 .. TIE ststemerrt of financid activibes includes all gains and losses recognised in Ihe year. Al income and expendilU derive from continuing acbwii8S.
Our Community Foundation (CIO) Statemenl of Flnanclal Posltion Period ended 30 April 2024 2023 Current asset 164.170 Crodltors . amount falllng due within ong year (234) Net Current assèts 163.936 29,330 Total assets leBs cu1r liabillties 163,936 29,330 Net a58et 163,936 29.330 Capltal and r•$orvos a88et 163,936 29.330 The company was entilled to exemption from audit under $477 ofthe Companles A¢t 2006 relating to small o)mpanies. The members have not required the company to cthin an audit in alXrdanc4 seckn 476 of the Companles Act 2006. Th& directors a¢knowledge thetr resFrf)nsbIbes for comF4ying vth the requTrments of the Companies Act with respect with respect to accounting records and the KKeparalkn ofa¢o)unts. Thèse accounts have been prepared n ac4x)rdance 1th the provisions apFI1¢ab to small companies subiecl to the smal companies regime and sn ac(x*dance with FRS102 SORP. Michael Maurice Tooze
Our Community Foundation (CIO) Statement of Cash Flows Period ended 30 April 2024 Cash flows from operatlng activiltOS Net expenditure 134606 Changes in.. Trade and ¢)ther ryedi 234 Cash generated from operations Net cash from operating activFtses 14840 134,840 Gash Ilows from financing activitles Prixeeds from brxr0vngS Net cash from financirKJ activities Net Increase In cash and cash èquivalents Cash and cash equivalents at b•ginning of year Cash and cash equivalents al end of year 134,840 29.330 161170
Our Community Foundation (CIO) Notes to the Financial Statements (contthu•dJ I Period end 2024 G•n•ral Informatlon The chaiity is a public benofit entity and a Tegistered drity in ErMJland and Wales and Is unincorp)rated. The address of the prinupal 314 Zeling Building, Custard Factory, Gibb st Deritend, Bimiingham 89 4AT Stat•m•nl ol c¢•mplianco These financial statements have tsen prepared in Compliance véiih FRS 102. The Flnancial Reporting Standard appltcable in the UK and the Republic of IreL3nd', the Statement of Recommended Practi¢e ap1¢able to charities preparing their a¢counts in accordance th the Financial Reporting Stsndard appliCae in the UK ar Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policle$ Basis of preparatlon The financial ststements have been prepared th8 historic31 rJ)st basig. as m¢xlified ty the revaluation of certain financial assets lbli itses arwj investrnent proprtieS measured at fair valuè through in(x)m8 or gxpgndtture. The fancial ststements are wepared in stsrling, thich is the fun¢Xional eurrency of the entity. Judgemonts and key sour¢es of estlmatk•n uncertalnty The preparation of the financial statements did not requlre marr4ement to make judgements. estimates or assumpt* that affect the aftnts reported. Fund accountlng Unrestrtcted funds held by the tharity are fijnds that be used In aco)tdance with the charitable ¢)biscts at the discretmjn of the trustees. Designated funds are Unrestri funds erked by the trustees for particularfvttwe prolect or mmttment. Restricted funds are subjected to restrlclions on their expendFlure dedared by the donor or through the terms of an appeal. and fdl into one of tsvo suasses.. restricted income fvnds or endowm•nt funds.
Our Community Foundation (CIO) Notes to the Financial Statements f¢onthJurf I Year end 30 Aprll 2024 Accounting pollcles Incomlng r•sourc•s AJI incoming re50urcgs are Induded in the ststement of financial actwities wh8n entitlement has passed to the charity; it is probable that the e)nOM beneffts associated wtth trte transaction will llow to the ¢harity and the amount can be lrabty wsured. The ft)OW1ng speclfic policies are appli to partiujlar cstegoTies ol ino)me: InMe from donationg or grants is recognised when there is evidence of 8ntTUement to the grft, receipt is probable and tts amount can be measured reliably. legacy irm ts r8coJnised r1[ 15 probable and enlrlloment is estatlished. ino)me from donated goods is rneasured al the fair value of the gtyxls unless this is mpractical to measure reliably. in whth case the value Is derived from the cost to the donor or the estimated resaFe value. Oted facilities and services are rowgnised in the accounts when received rf the vue can be reliably measured. No arrthnts are induded for the ts)ntribulion of general volunteers. income frn contracts for the supply of services is reo)gnised wtth the delivery of the contracted seNce. This is dasslfied as unrestricted funds unless there is a contractual Tequir8ment for it to spent on a partilar wrry)se aThJ retumad rf unspent, in which case it may be regarded as restricted. Resourc¢$ expended Expenditure is recognised on an accruals basis as a liability is incurred. Expgnditure CkEleS any VAT which cannot bo fully recovered. ts dassifd urmler heading$ of the s&qtoment of financi81 aCtieS to which il relates: expenditure on r8ising fiJrNls includ&s the costs c( aH fundraising a¢tivitses. enIs, non-eharitsbFe trading athities. and the sate of donated goods. expenditure on charitable acvibes Indudes all c(6ts incurr&l by a chaiity in undertaking actimlies that fijrther its charrtable aims for the benefit of tts beneffciaries, inc]uding those support costs and costs reL8g to Ihe govemanca of the chathy apt*Miorwl to charitable activities. other expendiiur8 iThSudes atl expendiiure that neilher related to raising funds for the thaiity nor part of its expendituTO on charitable &tivFties. All costs are allocated to exF1tUr8 leS refiects)g the use of the resour. Direct costs attribvtabie lo a single activty are all¢xated directy to that acliwty. Shared costs are apportloned ben Ihe activities they c))ntribute to on a reasonable, justifMb58 and consistent ls. Flnanclal Instruments A finanaal asset or a financial liabilty is retsjgnised only when the charity becomes a party to the contractud provis1¢N of the instrument. Basic financial instruments are initially recognised at the amount recelvable or payable Indurfing any
Our Community Foundation (CIO) Notss to the Financial Statements fcoRtlnu8dJ. Year ended 30 Aprll 2024 Aceounting policies (coftllnv•d) Flnancial Instrumants (wndnued) Current assets and current liabilibes are subsequenty measured at the cash or cther consideration to be paid or reIVed and rt disrunted. Debt Mistruments a subsequenty measured at amorlised cosL INhere Investments in shares are publldy trajeo or their falr value can othemise be measured reliably. the investment is subsequenlly mgasur8d at fair value with thanges in fair Yalue recognised in incoffe and expendilure. Ail other such investments are subsequendy measured at cost less impaimienL (Xher financial instruments. including derivatives. are initially recoJnised at fair value, unless payment for an asset i8 deferred beyond nOn21 busin85S teThs or financed at a rate of interest that is not a market rate, in which case the asset is measured at the pres8nt value of the future payrnts discounted at a mwkgt rate cl intsrest for a similar debt InstrumenL Other finanoal instruments are subsequently measured at fair value, with any ch8nge$ Tecognised in the statement of ffinan¢iai activibes, exptn of hedging Instruments in a designated hedging rdationship. Financial assets that aro measured at c$t or amortiwj ¢X&8t ar9 revi•vd for objocbva evldenc8 of impaimienl at the end of each repIDg date. tf there Ts objective evidence of impaim)en( an Impainn8nt loss is rgct)3niged under the appropriate headiry in the statement of financial 8ctivities in which the initial gain was r8ccgnwl. For all equty instruments regardless of signtficance, and other financial assets that are indwidually signifunc these are assessed indmdually for impairment Other finala1 assets are elther assessed indNidually or grouped on the basis of similw credit risk chara¢tèristics. Any reversals of impairment are recognised imm9diatety. lo th8 extent that the reversal does not resLtIt in a cary¢ng amount of the financial asset that exceeds what the cafryirvJ amount would have been had the impaiment rt previously been reeTrJnised. Limited by guarantee company is Ilmlted by warantee and does not o)ntain any shar8 capita. Donations and 1èg*cI•¥ 2024 2023 Unrestricted Restricted Total funds funds funds Income and endowjnents Grants 113,221 195.154 308,375 65,940
Our Community Foundation (CIO) Notes to the Flnanclal Statements (¢ontlnu•d). Year ended 30 April 2024 Expendilure on charltable actlvitles by fund type 2024 2023 Unrestrlcted Re5trthd Total funds funds funds Expenditure Stsff cost Wages & salaries Staff Pension costs Administration Ex[seS Consultancy fees Equiprnent D8S Cost$ Marketing and publication Venuè hire Rent 21,961 31,344 229 5,060 18.320 64.650 88.611 31.344 229 6,738 20,320 4,227 316 9.070 10,978 3,937 33,793 1,678 6,751 7,501 565 145 1.059 1,550 3,937 4,227 316 1.673 104 7.397 10.874 3,937 Totsl expendhure 94,763 173,769 55.301
CHARITY COMMISSION FOR ENGIAND AND WALES Receipts and ayments accounts CC16a Forthe perfod Tg Section A Receipts and payments fund$ lund$ Totsl lund¥ Last year A1 R•eo1 Gyanig Sund 194154 iKorne Sub tolal(Gross lor ARJ A2 Asset and Ihvestment 5•108. {8ee tth¢l. 11154 Sub tolal Totalrelpts 11$4 Staff c05t5 5&5a&rf ensvjn eosL4 ministratrt èx Consukan uiwnent DBS cos Aaw ar costs Venue hire Pant ,fj11 31. 31.344 229 6.738 7.501 565 145 4227 316 9.070 10,978 3.37 1n769 316 M Ass•t and In¥•thwrt purtho8es.1ge• table) Sub totsi t73.7$9 43D1 Net ofrn¢•lpirfpayntsj AS Transfers bètwqen funds A6 Cash lunds last yw•nd 34 1( 10, 1189 31519 131,911 29.J30 10.691 CCXX R1 accoLmls {ssi 211UEla124
Section B Stalement ol assets and liabilities at Ihe end of the period Unrestrl¢ted R¢strlcted lunds Endowment fund5 t•nMfe#£ B1 C88h funds 131.911 Tolalcash lunds 131.911 lund¥ to r•9r•#e fund8 lunds Oelails 4rt¥4uo Detsi15 rArnlvoluv DÈiails 84 Asset$ retslned for the ¢harlty$ own Wljmd Deiaiis BS Liabililies by GTrQrtstrU8t8o8I behaw of dl n1& int Na Date of roval Toe>Z CCXX A2 I
CHAR COMMISSION FOR ELAND WAiES Independent examins report on the accounts Secbon A Independent Exaniner's Report Report to the trustees Our Community Foundation (CIO) On accounts for th• ygar ended harity no Irf anyl 3010412024 1189425 Set out on pa9es I rewt kn the trustees on my exatninatvn of the 8ccounts ol the ab)ve rtty rtr Tru5t"Iforthe rende 30 .12024. Responsibililie¥ pnd basis of rvport As the Gharrtl5 inJ5tees. >ru are reswn5bl8 lorthe preparatK)n ofthq aeLX)uTrts In axordarKo th the quireMents ofth8 Chatits95 A#2011 (tr A¢ri. I report w) res*¢t olryexaminaim of thè Tru5f5 acwjnts carrigd out unr tion 145 of Ih8 2011 Act and in <¥Jl my examination. I have lolh)w8J all the applicable Uwethions gNen by the Chty knmr$5ion under $8Ctbn 145(5Mbl of Ih&P dppenthnt examlnerfs 6taternortt I compleled my èjam1naTh. I conf¥m Ihal rKs maiBTiRI rnBtte have wme trj my Hltention in confteuion the examination whth gwe5 rne cau¥e to believe that in, any m8tsrf91 resp8ci.' the Ountry rBc(xYJ5 were iiot kept in accordan With $8diDn 130 of lh• Art. or e thj llol £ord with the aru)untiry rttds: lx I have no concerns and have coffle 3cross Tr) cilh8r mauers In ox)nneciion the exominalion to attenbon shoJkJ be ar8wn in th report in order lu enable a proper undetsiandin9 01 Ihg aGE¢wnts lo ty? rexhed. Slgned: 14amo'. R81ovant professltsml quall11On(SI or body Irf anyl.. Fhrfax UK Ltsl PA¢Jre5¥'.
Section B Oi5closure .Bh' rnalo-131 ry.Gl1ers J,. c-n-ern Isoe CC32. IndwdBWrt examin*iw ofthartyacwunts.. dKectbrs and for8yAminersl. G5ve hgrp brfel detsils of any items that the examiner wishts to di$close.
CHARITY REGISTRATION NUMBEIL" 1189425 Our Community Foundation (CIO) Financial Statements 30 April 2024
Our Community FoundatSon (CIO) Flnancial Statements Period ended 30 April 2024 Page Trustees, annual report 4 Statement of financial activilies Statement of finandal position Statement of cash flows Notes to the financial staternents
Our Communlty Foundatlon (CIO) Trustees. Annual Report | Period ended 30 AprS12024 The trustees present their reiKrt and the financial staternents of the charlty for th8 P8riod ended 30 Aprl 2024. Ref•rén¢o and admlnlstratlve delalls Rgglst•r•d charity name Our Communty Foundatron(ClO) Chariiy reglstration number 1189425 Prlnclpal office 314 Zdlig Bullding. Custard Facty, Gibb St Deritend, Bwrningham 89 4AT The truste•s Maurisha Rose Burtecaty Saddak Miah Chri5tel Rogers Haleemah Zafar Michael Marurv Toozè Bankers Metro Bank
Our Community Foundation (CIO) Trustees. Annual Report (e•ntlTru•d) I Period ended 30 April 2024 Our Communlty Foundation is an unlno)rp(xth ch8rity cthstituted under a Deed of Declaratlon of Trust dated 01 Nov 2019. It is a registered ¢hartty with a charity numb8r being 1189425 and wa$ registered as a charity on 11 May 2020. ReCltment and apwntrnent ol new lJustees would be in line the Tfust Deed and Trmth the consent of the trustees. The criteria set for the suilable csrxlidate be someone who is serlte to the needs and demands of the onjanisation. The day to day affairs arn undertaken by Basharat Dad who is the frmjnder and CEO on behaw of the trustees. All major decisions are taken (x)Ilectively by the trustees and all the trustees give of their timo fredy. The trustees are unpaid arHI details ol any related paty transactions are disclosed as applicable in the notes to the acc¢wnts. The arrangements for setting the pay of the chariws employees are the sole domain of the trustees. The are poliaes for the induction or traFning of new trustees. Rlsk roview The Trustees have assessed major risks to which the charity is exwsed, in particular those related to the operalions and finances of the Trust. and are satIsfd that systems are in ace to manage c4Jr exposure to the major risks. The r¢ks faced by the trust are ptlncipally 0ratIonal risks from ineffediva grant m8king. Those risk$ are managed by tho trustees researching potential beneficiaries bef( granting donatk)rE. Report back and review procedures strengthen these safeguards to ensLTe public benefrt Is achieved from all grants.
Our Community Foundatlon (CIO) Trustees. Annual Report (¢ondnu•dJ I Period ended 30 April 2024 Structure, governance and management Govemlng Document The cty is C•Mtituied as a charitable incorporated organisation. Goveming Body The structure of the Charity conwsts of Flve Trustees and one chair person. The Board of trustees is authorised to appoint nw Trustees to ffll vacAn(aes arising Ihrough resignation or death of an existing Trustee. Organisational Management Th8 Trustees of the Charity are leg81ty responsible for th8 overall man4ement and control of the Charlty and meet regufarly. Objectjves and athitie8 The Charity is constited a$ a Charitable IrKoTporated ¢Jrganisabon. Tho Charitys objeds arKI tts prInC4p of encourage and empower tho ambllions of Uie residant$ of Biimingham, with a fows on young wpla {aged 11 trj 28) supwting into sustained education, training and work through our personal development programmes. The Charity i8 organised so that the Trusiees meet regularty lo manage its affairs. The Charty employees fulltime stsff and seasonal wothers. Administration of the Charlty is deaFt wtth by trustees. Stralegl¢ report The follong secth?ns for achtavements aNI perfom)an¢e and financial révw form the strategic report of the charity.
Our Communfty Fondatlon (CIO) Trustees. Annual Report (contslnu0 I P•rlod onded 30 April 2024 FSnanclal revlew The Trustees ([der that the perfonnan* of the Charity this year has been The charity received d(Mation of £308,375. The charity distributed a total of £173,769 during the y8ar. The natttres of the distributlons were in line with the constitution and oLiects of the Charity. This is in Ilne wilh the wishes of the Trustees who c%)nstanlly revtew the eff8ctiveness of Ihe Charity and approve the s(XJP8 ol their activitias. Trugtses, re$pon$ibilities slatement The trustees, who are also directors for the wrposes of company law, are responslble for preparing the trustees, report and the financial statements in acc4)rdan¢e with applicable law and Untted lfjngdom Accounting Standards (United Kingdcffi Generally Accepted knxMJnting Practice). Company law requires the charity trustees to prepare financHI statsments for each year whlch give a tru8 and falr view of the stste of affairs of th& tharitablg company and the inming resources arKI application of resources. induding the inctsme and expendith. for that period. In preparing these finan¢ial statem8nts. the are required to: select suitable ac(xJunting p(Ahie5 and then apply them (x)nsistentty. observe the methcKls and principles in the appCable Charrbes SORP: make judgm&r)ts and aCCntIng estimates that are rtrasonat48 and pNdant stale whether applicable UK AcC(ntIng Standards have been Idlowed. subject to any malerial departures disclosed ewained in the finarKial statements. prepare the financial statements on the going conc8m basis unless it is inappropriate to presume that the charsty Mll continue in business. trustees are reswnsible for keeping adwuate accounting records that are sufficient to show and explain th8 charitys transaclh)ns and disclose rèasonable accuracy at any time the financlal p)sition of the charty and enable them to ensure that the financial slatements comply vAth the Companies Act %J06. They are abo responsitrAe for safeguarding the assets of th8 charrty and hence for taking reasonabje steps for the preventKsn and detection of fraud and other irregularities. The trustees, annual report and the strategtc report were approved on .......... on behalf of the board of trustees by: and signed Ml¢hael Maurlce Too2•
Our Community Foundatlon (CIO) Statement of Financlal Activities Period ended 30 Aprll 2024 2024 2023 Unrestricted RestrlGte41 Total funds funds funds Income and endowmonts Grants Sundry income Total Income 113.221 191154 308,375 65.940 113.221 195.154 308.375 65,940 Eynditure 79.1)06 94,763 173,769 55,301 T¢)tal expend1re 79.006 94,763 173.769 55,301 Net exponditure and ngt movement In fund 34215 100,392 134,606 10,639 Re¢onciliatlon ol funds Total funds brought forwanl {29.330) [18,6911 Total funds carrled forward .1163,936) _ (29.3301 .. TIE ststemerrt of financid activibes includes all gains and losses recognised in Ihe year. Al income and expendilU derive from continuing acbwii8S.
Our Community Foundation (CIO) Statemenl of Flnanclal Posltion Period ended 30 April 2024 2023 Current asset 164.170 Crodltors . amount falllng due within ong year (234) Net Current assèts 163.936 29,330 Total assets leBs cu1r liabillties 163,936 29,330 Net a58et 163,936 29.330 Capltal and r•$orvos a88et 163,936 29.330 The company was entilled to exemption from audit under $477 ofthe Companles A¢t 2006 relating to small o)mpanies. The members have not required the company to cthin an audit in alXrdanc4 seckn 476 of the Companles Act 2006. Th& directors a¢knowledge thetr resFrf)nsbIbes for comF4ying vth the requTrments of the Companies Act with respect with respect to accounting records and the KKeparalkn ofa¢o)unts. Thèse accounts have been prepared n ac4x)rdance 1th the provisions apFI1¢ab to small companies subiecl to the smal companies regime and sn ac(x*dance with FRS102 SORP. Michael Maurice Tooze
Our Community Foundation (CIO) Statement of Cash Flows Period ended 30 April 2024 Cash flows from operatlng activiltOS Net expenditure 134606 Changes in.. Trade and ¢)ther ryedi 234 Cash generated from operations Net cash from operating activFtses 14840 134,840 Gash Ilows from financing activitles Prixeeds from brxr0vngS Net cash from financirKJ activities Net Increase In cash and cash èquivalents Cash and cash equivalents at b•ginning of year Cash and cash equivalents al end of year 134,840 29.330 161170
Our Community Foundation (CIO) Notes to the Financial Statements (contthu•dJ I Period end 2024 G•n•ral Informatlon The chaiity is a public benofit entity and a Tegistered drity in ErMJland and Wales and Is unincorp)rated. The address of the prinupal 314 Zeling Building, Custard Factory, Gibb st Deritend, Bimiingham 89 4AT Stat•m•nl ol c¢•mplianco These financial statements have tsen prepared in Compliance véiih FRS 102. The Flnancial Reporting Standard appltcable in the UK and the Republic of IreL3nd', the Statement of Recommended Practi¢e ap1¢able to charities preparing their a¢counts in accordance th the Financial Reporting Stsndard appliCae in the UK ar Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policle$ Basis of preparatlon The financial ststements have been prepared th8 historic31 rJ)st basig. as m¢xlified ty the revaluation of certain financial assets lbli itses arwj investrnent proprtieS measured at fair valuè through in(x)m8 or gxpgndtture. The fancial ststements are wepared in stsrling, thich is the fun¢Xional eurrency of the entity. Judgemonts and key sour¢es of estlmatk•n uncertalnty The preparation of the financial statements did not requlre marr4ement to make judgements. estimates or assumpt* that affect the aftnts reported. Fund accountlng Unrestrtcted funds held by the tharity are fijnds that be used In aco)tdance with the charitable ¢)biscts at the discretmjn of the trustees. Designated funds are Unrestri funds erked by the trustees for particularfvttwe prolect or mmttment. Restricted funds are subjected to restrlclions on their expendFlure dedared by the donor or through the terms of an appeal. and fdl into one of tsvo suasses.. restricted income fvnds or endowm•nt funds.
Our Community Foundation (CIO) Notes to the Financial Statements f¢onthJurf I Year end 30 Aprll 2024 Accounting pollcles Incomlng r•sourc•s AJI incoming re50urcgs are Induded in the ststement of financial actwities wh8n entitlement has passed to the charity; it is probable that the e)nOM beneffts associated wtth trte transaction will llow to the ¢harity and the amount can be lrabty wsured. The ft)OW1ng speclfic policies are appli to partiujlar cstegoTies ol ino)me: InMe from donationg or grants is recognised when there is evidence of 8ntTUement to the grft, receipt is probable and tts amount can be measured reliably. legacy irm ts r8coJnised r1[ 15 probable and enlrlloment is estatlished. ino)me from donated goods is rneasured al the fair value of the gtyxls unless this is mpractical to measure reliably. in whth case the value Is derived from the cost to the donor or the estimated resaFe value. Oted facilities and services are rowgnised in the accounts when received rf the vue can be reliably measured. No arrthnts are induded for the ts)ntribulion of general volunteers. income frn contracts for the supply of services is reo)gnised wtth the delivery of the contracted seNce. This is dasslfied as unrestricted funds unless there is a contractual Tequir8ment for it to spent on a partilar wrry)se aThJ retumad rf unspent, in which case it may be regarded as restricted. Resourc¢$ expended Expenditure is recognised on an accruals basis as a liability is incurred. Expgnditure CkEleS any VAT which cannot bo fully recovered. ts dassifd urmler heading$ of the s&qtoment of financi81 aCtieS to which il relates: expenditure on r8ising fiJrNls includ&s the costs c( aH fundraising a¢tivitses. enIs, non-eharitsbFe trading athities. and the sate of donated goods. expenditure on charitable acvibes Indudes all c(6ts incurr&l by a chaiity in undertaking actimlies that fijrther its charrtable aims for the benefit of tts beneffciaries, inc]uding those support costs and costs reL8g to Ihe govemanca of the chathy apt*Miorwl to charitable activities. other expendiiur8 iThSudes atl expendiiure that neilher related to raising funds for the thaiity nor part of its expendituTO on charitable &tivFties. All costs are allocated to exF1tUr8 leS refiects)g the use of the resour. Direct costs attribvtabie lo a single activty are all¢xated directy to that acliwty. Shared costs are apportloned ben Ihe activities they c))ntribute to on a reasonable, justifMb58 and consistent ls. Flnanclal Instruments A finanaal asset or a financial liabilty is retsjgnised only when the charity becomes a party to the contractud provis1¢N of the instrument. Basic financial instruments are initially recognised at the amount recelvable or payable Indurfing any
Our Community Foundation (CIO) Notss to the Financial Statements fcoRtlnu8dJ. Year ended 30 Aprll 2024 Aceounting policies (coftllnv•d) Flnancial Instrumants (wndnued) Current assets and current liabilibes are subsequenty measured at the cash or cther consideration to be paid or reIVed and rt disrunted. Debt Mistruments a subsequenty measured at amorlised cosL INhere Investments in shares are publldy trajeo or their falr value can othemise be measured reliably. the investment is subsequenlly mgasur8d at fair value with thanges in fair Yalue recognised in incoffe and expendilure. Ail other such investments are subsequendy measured at cost less impaimienL (Xher financial instruments. including derivatives. are initially recoJnised at fair value, unless payment for an asset i8 deferred beyond nOn21 busin85S teThs or financed at a rate of interest that is not a market rate, in which case the asset is measured at the pres8nt value of the future payrnts discounted at a mwkgt rate cl intsrest for a similar debt InstrumenL Other finanoal instruments are subsequently measured at fair value, with any ch8nge$ Tecognised in the statement of ffinan¢iai activibes, exptn of hedging Instruments in a designated hedging rdationship. Financial assets that aro measured at c$t or amortiwj ¢X&8t ar9 revi•vd for objocbva evldenc8 of impaimienl at the end of each repIDg date. tf there Ts objective evidence of impaim)en( an Impainn8nt loss is rgct)3niged under the appropriate headiry in the statement of financial 8ctivities in which the initial gain was r8ccgnwl. For all equty instruments regardless of signtficance, and other financial assets that are indwidually signifunc these are assessed indmdually for impairment Other finala1 assets are elther assessed indNidually or grouped on the basis of similw credit risk chara¢tèristics. Any reversals of impairment are recognised imm9diatety. lo th8 extent that the reversal does not resLtIt in a cary¢ng amount of the financial asset that exceeds what the cafryirvJ amount would have been had the impaiment rt previously been reeTrJnised. Limited by guarantee company is Ilmlted by warantee and does not o)ntain any shar8 capita. Donations and 1èg*cI•¥ 2024 2023 Unrestricted Restricted Total funds funds funds Income and endowjnents Grants 113,221 195.154 308,375 65,940
Our Community Foundation (CIO) Notes to the Flnanclal Statements (¢ontlnu•d). Year ended 30 April 2024 Expendilure on charltable actlvitles by fund type 2024 2023 Unrestrlcted Re5trthd Total funds funds funds Expenditure Stsff cost Wages & salaries Staff Pension costs Administration Ex[seS Consultancy fees Equiprnent D8S Cost$ Marketing and publication Venuè hire Rent 21,961 31,344 229 5,060 18.320 64.650 88.611 31.344 229 6,738 20,320 4,227 316 9.070 10,978 3,937 33,793 1,678 6,751 7,501 565 145 1.059 1,550 3,937 4,227 316 1.673 104 7.397 10.874 3,937 Totsl expendhure 94,763 173,769 55.301
CHARITY COMMISSION FOR ENGIAND AND WALES Receipts and ayments accounts CC16a Forthe perfod Tg Section A Receipts and payments fund$ lund$ Totsl lund¥ Last year A1 R•eo1 Gyanig Sund 194154 iKorne Sub tolal(Gross lor ARJ A2 Asset and Ihvestment 5•108. {8ee tth¢l. 11154 Sub tolal Totalrelpts 11$4 Staff c05t5 5&5a&rf ensvjn eosL4 ministratrt èx Consukan uiwnent DBS cos Aaw ar costs Venue hire Pant ,fj11 31. 31.344 229 6.738 7.501 565 145 4227 316 9.070 10,978 3.37 1n769 316 M Ass•t and In¥•thwrt purtho8es.1ge• table) Sub totsi t73.7$9 43D1 Net ofrn¢•lpirfpayntsj AS Transfers bètwqen funds A6 Cash lunds last yw•nd 34 1( 10, 1189 31519 131,911 29.J30 10.691 CCXX R1 accoLmls {ssi 211UEla124
Section B Stalement ol assets and liabilities at Ihe end of the period Unrestrl¢ted R¢strlcted lunds Endowment fund5 t•nMfe#£ B1 C88h funds 131.911 Tolalcash lunds 131.911 lund¥ to r•9r•#e fund8 lunds Oelails 4rt¥4uo Detsi15 rArnlvoluv DÈiails 84 Asset$ retslned for the ¢harlty$ own Wljmd Deiaiis BS Liabililies by GTrQrtstrU8t8o8I behaw of dl n1& int Na Date of roval Toe>Z CCXX A2 I
CHAR COMMISSION FOR ELAND WAiES Independent examins report on the accounts Secbon A Independent Exaniner's Report Report to the trustees Our Community Foundation (CIO) On accounts for th• ygar ended harity no Irf anyl 3010412024 1189425 Set out on pa9es I rewt kn the trustees on my exatninatvn of the 8ccounts ol the ab)ve rtty rtr Tru5t"Iforthe rende 30 .12024. Responsibililie¥ pnd basis of rvport As the Gharrtl5 inJ5tees. >ru are reswn5bl8 lorthe preparatK)n ofthq aeLX)uTrts In axordarKo th the quireMents ofth8 Chatits95 A#2011 (tr A¢ri. I report w) res*¢t olryexaminaim of thè Tru5f5 acwjnts carrigd out unr tion 145 of Ih8 2011 Act and in <¥Jl my examination. I have lolh)w8J all the applicable Uwethions gNen by the Chty knmr$5ion under $8Ctbn 145(5Mbl of Ih&P dppenthnt examlnerfs 6taternortt I compleled my èjam1naTh. I conf¥m Ihal rKs maiBTiRI rnBtte have wme trj my Hltention in confteuion the examination whth gwe5 rne cau¥e to believe that in, any m8tsrf91 resp8ci.' the Ountry rBc(xYJ5 were iiot kept in accordan With $8diDn 130 of lh• Art. or e thj llol £ord with the aru)untiry rttds: lx I have no concerns and have coffle 3cross Tr) cilh8r mauers In ox)nneciion the exominalion to attenbon shoJkJ be ar8wn in th report in order lu enable a proper undetsiandin9 01 Ihg aGE¢wnts lo ty? rexhed. Slgned: 14amo'. R81ovant professltsml quall11On(SI or body Irf anyl.. Fhrfax UK Ltsl PA¢Jre5¥'.
Section B Oi5closure .Bh' rnalo-131 ry.Gl1ers J,. c-n-ern Isoe CC32. IndwdBWrt examin*iw ofthartyacwunts.. dKectbrs and for8yAminersl. G5ve hgrp brfel detsils of any items that the examiner wishts to di$close.