**REGISTERED CHARITY NUMBER: 1199819** 

Report of the Trustees and 

Unaudited Financial Statements for the Year Ended 30 June 2024 

for 

The Olive Project 



The Olive Project 

Contents of the Financial Statements for the Year Ended 30 June 2024 

||Page|
|---|---|
|Reference and Administrative Details|1|
|Report of the Trustees|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7 to 10|
|Detailed Statement of Financial Activities|11 to 12|





The Olive Project Reference and Administrative Details for the Year Ended 30 June 2024 

## **TRUSTEES** 

Ms Diane Lawrence Trustee 

**PRINCIPAL ADDRESS** COLAB EXETER WAT TYLER HOUSE 3 KING WILLIAM STREET EXETER EX4 6PD 

## **REGISTERED CHARITY** 1199819 **NUMBER** 

**INDEPENDENT EXAMINER** Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY 

Page 1 



The Olive Project 

Report of the Trustees for the Year Ended 30 June 2024 

The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objects of the cio, to be carried out in devon and cornwall, are: 1) For the public benefit to relieve the needs of and protect and preserve good health among women and girls from ethnic minority backgrounds who are experiencing or have experienced domestic abuse and sexual violence by providing them with practical and emotional support, advice and assistance. 

2) The promotion of equality and diversity for the public benefit by: 

- (a) The elimination of discrimination on the grounds of race and gender; 

- (b) Advancing education and raising awareness in equality and diversity; 

(c) Conducting or commissioning research on equality and diversity issues and publishing the results to the public; 

- (d) Cultivating a sentiment in favour of equality and diversity. 

## **Area of benefit** 

Local the objects of the cio, to be carried out in devon and cornwall, are: 

1) For the public benefit to relieve the needs of and protect and preserve good health among women and girls from ethnic minority backgrounds who are experiencing or have experienced domestic abuse and sexual violence by providing them with practical and emotional support, advice and assistance. 2) The promotion of equality and diversity for the public benefit by: 

(a) The elimination of discrimination on the grounds of race and gender; 

- (b) Advancing education and raising awareness in equality and diversity; 

(c) Conducting or commissioning research on equality and diversity issues and publishing the results to the public; 

- (d) Cultivating a sentiment in favour of equality and diversity. 

## **FINANCIAL REVIEW** 

## **Funds in Surplus** 

The charity received donations and income totalling £89,620 (2023: ££48274). After payments of outgoing expenses totalling £94,929  (2023: £3,144), the charity was left with a deficit of £5,309 (2023: surplus £45,130) for the year. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

Page 2 



The Olive Project 

Report of the Trustees for the Year Ended 30 June 2024 

02/12/2024 

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 


Page 3 



## Independent Examiner's Report to the Trustees of The Olive Project 

## **Independent examiner's report to the trustees of The Olive Project** 

I report to the charity trustees on my examination of the accounts of The Olive Project (the Trust) for the year ended 30 June 2024. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


Askir Ali 

Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY 

Date: 13/12/2024 

Page 4 



The Olive Project 

## Statement of Financial Activities for the Year Ended 30 June 2024 

|||||||Period|
|---|---|---|---|---|---|---|
|||||||27.7.22|
||||||Year Ended|to|
||||||30.6.24|30.6.23|
|||Unrestricted||Restricted|<br>Total|Total|
|||fund||fund|funds|funds|
||Notes|£||£|£|£|
|**INCOME AND ENDOWMENTS FROM**|||||||
|Donations and legacies|||-|89,620|89,620|48,274|
|**EXPENDITURE ON**|||||||
|Raising funds|2||-|-|-|3,144|
|Other|||-|94,931|94,931|-|
|**Total**|||-|94,931|94,931|3,144|
|**NET INCOME/(EXPENDITURE)**|||-|(5,311)|(5,311)|45,130|
|**RECONCILIATION OF FUNDS**|||||||
|Total funds brought forward||(87)||45,217|45,130|-|
|**TOTAL FUNDS CARRIED FORWARD**||(87)||39,906|39,819|45,130|



The notes form part of these financial statements 

Page 5 



The Olive Project 

## Statement of Financial Position 30 June 2024 

|Unrestricted<br>Restricted<br>fund<br>fund<br>Notes<br>£<br>£<br>**CURRENT ASSETS**<br>Cash at bank<br>813<br>39,368<br>**CREDITORS**<br>Amounts falling due within one year<br>5<br>(900)<br>538<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>(87)<br>39,906<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>(87)<br>39,906<br>**NET ASSETS**<br>(87)<br>39,906<br>**FUNDS**<br>6<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|30.6.24<br>Total<br>funds<br>£<br>40,181<br>(362)<br>39,819<br>39,819<br>39,819<br>(87)<br>39,906<br>39,819|30.6.23<br>Total<br>funds<br>£<br>46,030<br>(900)<br>45,130<br>45,130<br>45,130<br>(87)<br>45,217<br>45,130|
|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on ............02/12/2024................................. and were signed on its behalf by: 


The notes form part of these financial statements 

Page 6 



The Olive Project 

Notes to the Financial Statements for the Year Ended 30 June 2024 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity.  Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Pension costs and other post-retirement benefits** 

The charity operates a defined contribution pension scheme.  Contributions payable to the charity's pension scheme are charged to the  Statement of Financial Activities in the period to which they relate. 

Page 7 

continued... 



The Olive Project 

Notes to the Financial Statements - continued for the Year Ended 30 June 2024 

## **2. RAISING FUNDS** 

## **Raising donations and legacies** 

|**Raising donations and legacies**|||
|---|---|---|
|||Period|
|||27.7.22|
||Year Ended|to|
||30.6.24|30.6.23|
||£|£|
|Support costs|94,931|3,144|



## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the period ended 30 June 2023. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 30 June 2024 nor for the period ended 30 June 2023. 

## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|Unrestricted<br>Restricted<br>fund<br>fund<br>£<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>813<br>47,461<br>**EXPENDITURE ON**<br>Raising funds<br>900<br>2,244<br>**NET INCOME/(EXPENDITURE)**<br>(87)<br>45,217<br>**TOTAL FUNDS CARRIED FORWARD**<br>(87)<br>45,217|Total<br>funds<br>£<br>48,274|
|---|---|
||3,144|
||45,130|
||45,130|



Page 8 

continued... 



The Olive Project 

## Notes to the Financial Statements - continued for the Year Ended 30 June 2024 

|**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|---|
||||30.6.24|30.6.23|
||||£|£|
||Other creditors||362|900|
|**6.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.7.23|in funds|30.6.24|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|(87)|-|(87)|
||**Restricted funds**||||
||Restricted fund|45,217|(5,311)|39,906|
||**TOTAL FUNDS**|45,130|(5,311)|39,819|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Restricted funds**||||
||Restricted fund|89,620|(94,931)|(5,311)|
||**TOTAL FUNDS**|89,620|(94,931)|(5,311)|
||**Comparatives for movement in funds**||||
||||Net||
||||movement|At|
||||in funds|30.6.23|
||||£|£|
||**Unrestricted funds**||||
||General fund||(87)|(87)|
||**Restricted funds**||||
||Restricted fund||45,217|45,217|
||**TOTAL FUNDS**||45,130|45,130|



Page 9 

continued... 



The Olive Project Notes to the Financial Statements - continued for the Year Ended 30 June 2024 

## **6. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|813|(900)|(87)|
|**Restricted funds**||||
|Restricted fund|47,461|(2,244)|45,217|
|**TOTAL FUNDS**|48,274|(3,144)|45,130|



## **7. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 30 June 2024. 

Page 10 



The Olive Project 

## Detailed Statement of Financial Activities for the Year Ended 30 June 2024 

|Detailed Statement of Financial Activities<br>for the Year Ended 30 June 2024|||
|---|---|---|
|||Period|
|||27.7.22|
||Year Ended|to|
||30.6.24|30.6.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|89,620|48,274|
|**Total incoming resources**|89,620|48,274|
|**EXPENDITURE**|||
|**Other**|||
|Wages|41,671|-|
|Pensions|2,035|-|
|Courier services|507|-|
|Legal fees|150|-|
|Vehicle running costs|413|-|
||44,776|-|
|**Support costs**|||
|**Information technology**|||
|Telephone|121|-|
|**Other**|||
|Insurance|-|157|
|Postage and stationery|1,731|-|
|Travel and subsistence|3,378|47|
|Event expenses|157|-|
|Charitable donation|33,787|-|
|Staff support costs|990|270|
|Client support/food programme|-|150|
|Council tax|2,452|-|
|Professional fee|362|-|
|Office and IT Costs|5,628|1,620|
|Equipment expensed|109|-|
||48,594|2,244|



This page does not form part of the statutory financial statements 

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The Olive Project 

## Detailed Statement of Financial Activities for the Year Ended 30 June 2024 

|Detailed Statement of Financial Activities<br>for the Year Ended 30 June 2024|||
|---|---|---|
|||Period|
|||27.7.22|
||Year Ended|to|
||30.6.24|30.6.23|
||£|£|
|**Other**|||
|**Governance costs**|||
|Accountancy and legal fees|1,440|900|
|Total resources expended|94,931|3,144|
|**Net (expenditure)/income**|(5,311)|45,130|



This page does not form part of the statutory financial statements 

Page 12