## **ON THE GROUND 2030** ## **Charity No. 1193535** ## **Trustees' Report and Unaudited Accounts** **31 March 2022** **ON THE GROUND 2030 Contents** ||Pages| |---|---| |Trustees' Annual Report|2 to 3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Accounts|6 to 10| |Detailed Statement of Financial Activities|11| Page 1 **ON THE GROUND 2030 Trustees Annual Report** The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2022. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1193535** ## **Trustees** The following trustees served during the year: N.N. Qasim A. Rahman S. Rahman ## **Accountants** Meer & Co Chartered Accountants 1 Cochrane House Admirals way Canary Wharf London E14 9UD ## **OBJECTIVES AND ACTIVITIES** On the ground 2030 works for the relief of poverty and financial hardship amongst destitute individuals, orphans, and the homeless in the UK, Palestine, Pakistan, Yemen, Turkey and India through the provision of basic supplies such as food, clean water, and clothes as well as crisis relief, orphan sponsorship programmes and the construction of buildings to be used as accommodation. ## **ACHIEVEMENTS AND PERFORMANCE** We have recently been nominated for International charity of the year which is a great achievement for us considering we are still a very new charity. The last two years we have been sourcing projects and partners to work with overseas and have now formed a concrete base in Turkey where we will now carry out our work. ## **FINANCIAL REVIEW** The trustees have set a level equivalent to three months of operating costs for the organisation as a desired level of reserve. ## **PLANS FOR FUTURE PERIODS** Page 2 ## **ON THE GROUND 2030** ## **Trustees Annual Report** It has taken us two years to source projects and find partners to work with. We have now created a solid foundation in Turkey where we can comfortably carry out our work. We have shifted our focus to only Turkey now where we are currently aiding the victims of the recent earthquake and floods that have taken place in the south east of Turkey.In terms of activities we have recently just finished our first volunteer deployment to Turkey. Volunteers were requested to raise money so that we can purchase aid to distribute to the victims .Over the next few months we will be organising events, challenges and more deployments to raise funds. We want to start doing more projects in Turkey but also the UK too. We have many exciting events and challenges planned for the general public to get involved with and some amazing community events in the UK. We have plans in place of how we are going to work with local councils in tackling homelessness and how we can help those who are living on the streets of UK. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ON THE GROUND 2030 was registered as CIO foundation on 15 February 2021. The charity is operated under the rules of its Trust Deed. The responsibility for the strategic management of the charity rests solely with the Trustees, who are selected and co-opted under the terms of the Trust Deed. The charity may by ordinary resolution appoint a person who is willing to act as trustee. ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. 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. Signed on behalf of the charity's trustees S. Rahman Trustee 25 March 2023 Page 3 **ON THE GROUND 2030 Statement of Financial Activities** ## **for the year ended 31 March 2022** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Other
3
**Total**
Net gains on investments
**Net expenditure**
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**||**Unrestricted**
**funds**|**Total funds**
**2022**
**£**
7,025
7,025
7,484
7,484
-
(459)
-
(459)
(459)
(459)| |---|---|---|---| |||**2022**|| |||**£**|| ||||| |||7,025|| |||7,025|| ||||| |||7,484|| |||7,484|| |||-|| |||(459)|| |||-|| |||(459)|| ||||| |||(459)|| ||||| |||(459)|| ||||| ||||| ||||| Page 4 **ON THE GROUND 2030 Balance Sheet** **at 31 March 2022** ## **Charity No. 1193535** ||| |---|---| |**Charity No. 1193535**
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
5
**Net current liabilities**
**Total assets less current liabilities**
**Net liabilities excluding pension asset or liability**
**Total net liabilities**
**The funds of the charity**
**Restricted funds**
6
**Unrestricted funds**
6
General funds
**Reserves**
6
**Total funds**|**2022**
**£**
191| ||191
(650)| ||(459)
(459)| ||(459)| ||(459)| ||(459)| ||(459)| ||(459)| Approved by the trustees on 25 March 2023 And signed on their behalf by: S. Rahman Trustee 25 March 2023 Page 5 **ON THE GROUND 2030 Notes to the Accounts** ## **for the year ended 31 March 2022** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **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 6 **ON THE GROUND 2030 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 tax on its charitable activities. ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **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. Page 7 **ON THE GROUND 2030 Notes to the Accounts** ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. - 2 **Income from donations and legacies** |**Unrestricted**
**£**
7,025
7,025|**Total**
**2022**
**£**
7,025| |---|---| ||7,025| Page 8 **ON THE GROUND 2030 Notes to the Accounts** ## 3 **Other expenditure** |3
**Other expenditure**|||| |---|---|---|---| |Employee costs
Motor and travel costs
General administrative costs
Legal and professional costs
4
**Staff costs**
Salaries and wages
No employee received emoluments in excess of £60,000.
5
**Creditors:**
amounts falling due within one year
Accruals
6
**Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
7
**Analysis of net assets between funds**
Net current assets|**Unrestricted**
**£**
5,600
1,115
119
650
7,484
**2022**
5,600
5,600
**2022**
**£**|**Total**
**2022**
**£**
5,600
1,115
119
650
7,484|**At 31**
**March**
**2022**
**£**
(459)| ||650||| ||650
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
7,025
7,025|**Resources**
**expended**
**£**
(7,484)
(7,484)
**Unrestricted**
**funds**
**£**
(459)
(459)|| ||||(459)| ||||**Total**
**£**
(459)| ||||(459)| Page 9 **ON THE GROUND 2030 Notes to the Accounts** 8 **Reconciliation of net debt** |**Reconciliation of net debt**||| |---|---|---| |Cash and cash equivalents
Net debt|**Cash flows**
**£**|**At 31**
**March**
**2022**
**£**| ||191|191| ||191
191|191| |||191| Page 10 **ON THE GROUND 2030 Detailed Statement of Financial Activities** ## **for the year ended 31 March 2022** |**Income and endowments from:**
Donations and legacies
**Total income and endowments**
**Expenditure on:**
Employee costs
Salaries/wages
Motor and travel costs
Travel and subsistence
General administrative costs,
including depreciation and
amortisation
Sundry expenses
Legal and professional costs
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
7,025
7,025
7,025
5,600
5,600
1,115
1,115
119
119
650
650
7,484
7,484
-
(459)
(459)
-
(459)
-
(459)|**Total funds**
**2022**
**£**
7,025| |---|---|---| |||7,025| |||7,025
5,600| |||5,600| |||1,115| |||1,115| |||119| |||119| |||650| |||650| |||| |||7,484| |||7,484
-| |||(459)| |||(459)
-| |||(459)| |||-| |||(459)| Page 11