The Carollne Popoola Foundatlon (1192495) 8alanre Sheet as at 31 March 2023 {DornMntAcu>urts) Flxed w•ts Tan8ible a55èts Total fixed assets Current assets Stock and work In pmgress Debtors Cash at bank and In hand U•bllltl•s Credltor5'. arnounts fallin8 duè wtthin one year Net current assets edltors: amounts fallln8 due afterone vear Provlslon for Ilabllltles Net assets Approved by the Board on...3yoin024... And W on Fts behalf bv.. OLAKUNLE POPOOLI Trustee Trustees, re5ponslbllltie5 slatemtnt The trustees are responsible for preparin8thè Trustees, Annual Report and the financial statements in accordance with applicable law and Unlted Klngdom Accountin8 Stsndards (United Kingdom Generallv Accepted Ac¢ounting Practlcel. The law appllcable to charltle5 in England & Wales requlres the trustees to prepare financlal 5tstements for ea¢h flnanclal year whlch glve a true and falr view of the state of affalrs of the charlty and of the incoming resources and appllcatlon of resources of the Char￿ forthat perlod. In preparlng these flnanclal ststements, the trustees are requlred to.. select suitsble accounting pollcles and then apply them consi5tently,' obserye the methods and prlnclples In the Charfties SORP,. make judgements and e5tiTnates that a￿ reasonable and prudent- State whether applicable accountlng standards have been followed, subject to any materlal departuRs dlstlosed and explalned in the financial 5tateménts,' prepare the flnamtlal statements on the Bolng concern ba51s unles5 It Is Inapproprlate to presume that the charlty wlll contlnue In operatlon. The trustees a￿ responslble for keepln8 proper accountlng rècords that dlsclose wlth rèasonable accuracy at any time the flnanclal positlon of the charlty and enable them to ensure that the flnanclal statements comply with the Charltles Act 2011, the Charlty (Atctsunts and Rèports) Regulatlons 2008 and the provlslons of the trust deed. They are also responslble for safeguardln8 the assets of the charlty and hèn¢e fr*r takln8 reasonable steps for the preventlon and detertlon of fraud and other Thls report was approved by the trustees on......3ty0112024.. .and s18ned on thelr behalf by.. OLAKUNLE POPOOLA Trustee Charity No. 1192495 THE CAROLINE POPOOLA FOUNDATION (Dormant Accounts) 100 F*wndation Modell Annual RepDrt StaiÈrnent5 1 Awil 2022 tts 31 M*vth 2023 ## **Contents** Legal and administrative information Report of the Trustees Dormant Balance Sheet Notes forming part of the financial statements ## **Legal and administrative information** |Charity number|1192495| |---|---| |Registered address|28-31 PLUMBRIDGE
STREET| ||LONDON| ||SE10 8PA| |Trustees|Olakunle Popoola
Yvette Avery| ||Bolaji Sofoluwe| **THE CAROLINE POPOOLA FOUNDATION** ## **Trustees' Report** The Trustees present their annual report and accounts for the year ended 31 March 2023. During this period, the charity had dormant accounts. ## **Structure, governance and management** The Charity is constituted as a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11 of the Charities Act 2011 on 23 November 2020. The CIO registered with the Charity Commission on the same day. Trustees are legally responsible for the governance and management of the charity. Trustees are responsible for setting strategies and policies for 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 the risks and to mitigate any adverse outcomes. ## **Objectives and activities** The governing scheme defines the charity's objects as being to: 1. To advance the prevention and relief of poverty to children and young people in London and Nigeria with the objective of improving the conditions of life. 2. To make grants to individuals. 3. General provision of charitable purpose via the provision of services such as food donations. ## **Achievements and Performance** The CIO was dormant during this period. ## **Financial review** No transaction took place during this period. ## **Future plans** The Caroline Popoola Foundation (Charity no 1192495) 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities This report was approved by the trustees on……31/01/2024….and signed on their behalf by: **…………………………………….** OLAKUNLE POPOOLA Trustee ## **The Caroline Popoola Foundation** ## **(1192495)** ## **Balance Sheet as at 31 March 2023** ## **(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|**2023**
**£**| |---|---|---| |||0| ||0
0|| ||0|| |||0
0
0| |||0| |||0| Approved by the Board on …31/01/2024... And signed on its behalf by: **…………………………………….** OLAKUNLE POPOOLA Trustee **Notes forming part of the financial statements for the year ended 31 March 2018** ## **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 23 November 2020. The CIO registered with the Charity Commission on the same day. ## Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## (d) Receipts All incoming resources are included in the Receipt & payment Accounts when the charity actually obtains legally entitled income. ## (e) Payments All expenditure is accounted for on payments basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. ## **2. Member liabilities** The members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. ## **3. Debt outstanding** There are no particulars of any debt outstanding at the date. ## **4. Related** ## **Parties Controlling** ## **Entity** The charity is controlled by the trustees. During the year the Trustees received no emoluments or incurred any expenses using Trust funds.