Charity registration number: 1199819
**THE OLIVE PROJECT TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
## **The Olive Project Contents**
||**Page**|
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Comparative Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7—9|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|10|
**The Olive Project Reference and Administrative Details For The Year Ended 30 June 2025**
|**Trustees**|Ms Myranda Devonish|
|---|---|
||Ms Diane Lawrence|
||Ms Joanita Lwanga Winfield|
|**Charity Number**|1199819|
|**Principal Address**|Colab Exeter Wat Tyler House|
||3 King William Street|
||Exeter|
||EX4 6PD|
|**Independent Examiner**|Askir Ali Chartered Certified Accountants|
||Quilfords Ltd|
||113 Romford Road|
||London|
||E15 4LY|
Page 1
**The Olive Project Trustees' Report For The Year Ended 30 June 2025**
The trustees present their report and the financial statements for the year ended 30 June 2025.
## **Objectives and Activities**
## **Aims and Objectives**
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**
## **Financial Position**
## **Funds in Surplus**
The charity received donations and income totalling £204,602 (2024: £89,620). After payments of outgoing expenses totalling £196,731 (2024: £94,931), the charity was left with a Surplus of £7,871 (2024: deficit of £5,311) 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.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Ms Diane Lawrence Trustee 15/01/2026
Page 2
## **The Olive Project Independent Examiner's Report to the Trustees of The Olive Project For The Year Ended 30 June 2025**
I report to the trustees on my examination of the accounts of The Olive Project (the Trust) for the year ended 30 June 2025.
## **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 2011 Act and in carrying out my examination, I have followed the 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 contents 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 Chartered Certified Accountants 15/01/2026 Quilfords Ltd 113 Romford Road London E15 4LY
Page 3
## **The Olive Project Statement of Financial Activities For The Year Ended 30 June 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**EXPENDITURE ON:**
Charitable activities:
**2**
Support Costs
**NET INCOME/(EXPENDITURE)**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**6**|**Unrestricted**
**funds**
**£**
-|**Restricted**
**funds**
**£**
204,602|**2025**
**Total**
**funds**
**£**
204,602|**2024**
**Total**
**funds**
**£**
89,620|
|---|---|---|---|---|
||-|(196,732)|(196,732)|(94,931)|
||-|7,870|7,870|(5,311)|
||-
(87)|7,870
39,907|7,870
39,820|(5,311)
45,131|
||(87)|47,777|47,690|39,820|
The notes on pages 7 to 9 form part of these financial statements.
Page 4
## **The Olive Project Comparative Statement of Financial Activities For The Year Ended 30 June 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**EXPENDITURE ON:**
Charitable activities:
**2**
Support Costs
**NET EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**6**|**Unrestricted**
**funds**
**£**
-|**Restricted**
**funds**
**£**
89,620|**2024**
**Total**
**funds**
**£**
89,620|
|---|---|---|---|
||-|(94,931)|(94,931)|
||-|(5,311)|(5,311)|
||-
(87)|(5,311)
45,218|(5,311)
45,131|
||(87)|39,907|39,820|
The notes on pages 7 to 9 form part of these financial statements.
Page 5
## **The Olive Project Statement of Financial Position As At 30 June 2025**
|**Notes**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**5**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**6**|**Unrestricted**
**funds**
**£**
813|**Restricted**
**funds**
**£**
46,877|**2025**
**Total**
**funds**
**£**
47,690|**2024**
**Total**
**funds**
**£**
40,180|
|---|---|---|---|---|
||813
(900)|46,877
900|47,690
-|40,180
(360)|
||(87)|47,777|47,690|39,820|
||(87)|47,777|47,690|39,820|
||(87)|47,777|47,690|39,820|
||||47,777
(87)|39,907
(87)|
||||47,690|39,820|
The financial statements were approved by the board of trustees and authorised for issue on 15 January 2026 and were signed on its behalf by:
## Ms Diane Lawrence
## Trustee
The notes on pages 7 to 9 form part of these financial statements.
Page 6
**The Olive Project Notes to the Financial Statements For The Year Ended 30 June 2025**
## 1. **Accounting Policies**
## 1.1. **Basis of Preparation of Financial Statements**
The financial statements 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.
The charity is a Public Benefit Entity as defined by FRS 102.
## 1.2. **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## 1.3. **Incoming Resources**
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.
## 1.4. **Resources Expended**
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.
## 1.5. **Taxation**
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
## 1.6. **Pensions**
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.
## 2. **Analysis of Expenditure**
|Support Costs
Support Costs|**2025**
**Support**
**costs**
(see note 3)
**£**
196,732|
|---|---|
||**2024**
**Support**
**costs**
(see note 3)
**£**
94,931|
Page 7
**The Olive Project Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
3. **Support Costs**
|Employee costs
Premises expenses
General administration
Governance costs
Employee costs
Premises expenses
General administration
Governance costs
4.
**Average Number of Employees**
Average number of employees during the year was: 3 (2024: 2)
5.
**Creditors: Amounts Falling Due Within One Year**
Accruals and deferred income
6.
**Movement in Funds**
**As at 1 July**
**2024**
**£**
**Unrestricted funds**
General:
General unrestricted fund
(87)
**Restricted funds**
Restrricted Funds
39,907
**Total funds**
39,820
**As at 1 July**
**2023**
**£**
**Unrestricted funds**
General:
General unrestricted fund
(87)
**Restricted funds**|Employee costs
Premises expenses
General administration
Governance costs
Employee costs
Premises expenses
General administration
Governance costs
4.
**Average Number of Employees**
Average number of employees during the year was: 3 (2024: 2)
5.
**Creditors: Amounts Falling Due Within One Year**
Accruals and deferred income
6.
**Movement in Funds**
**As at 1 July**
**2024**
**£**
**Unrestricted funds**
General:
General unrestricted fund
(87)
**Restricted funds**
Restrricted Funds
39,907
**Total funds**
39,820
**As at 1 July**
**2023**
**£**
**Unrestricted funds**
General:
General unrestricted fund
(87)
**Restricted funds**|**Income**
**£**
-
204,602||**2025**
**£**
-
**Expenditure**
**£**
-
(196,732)|**2025**
**Support**
**Costs**
**£**
104,567
1,236
89,489
1,440|
|---|---|---|---|---|---|
||||||196,732|
||||||**2024**
**Support**
**Costs**
**£**
48,074
2,452
42,965
1,440|
||||||94,931|
||||||**2024**
**£**
360|
||||||**As at 30**
**June 2025**
**£**
(87)
47,777|
||39,820|204,602||(196,732)|47,690|
||**As at 1 July**
**2023**
**£**
(87)|**Income**
**£**
-||**Expenditure**
**£**
-|**As at 30**
**June 2024**
**£**
(87)|
...CONTINUED
Page 8
## **The Olive Project Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
|Restrricted Funds
**Total funds**|45,218|89,620|(94,931)|39,907|
|---|---|---|---|---|
||45,131|89,620|(94,931)|39,820|
## 7. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
## 8. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure.
Page 9
## **The Olive Project Detailed Statement of Financial Activities For The Year Ended 30 June 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations
**EXPENDITURE ON:**
**Charitable Activities:**
**Support Costs**
Wages and salaries
Employers pensions - defined contributions scheme
Training and consultancy
Staff Support Costs
Travel and subsistence expenses
Council Tax
Vehicle running costs
Office and IT Costs
Equipment Write Off
Insurance
Printing, postage and stationery
Courier services
Advertising
Telecommunications
Website costs
Legal fees
Professional fees
Subscriptions
Bank charges
Charitable donations
Event Costs
Accountancy fees
**NET INCOME/(EXPENDITURE)**|**2025**
**Total**
**funds**
**£**
204,602|**2024**
**Total**
**funds**
**£**
89,620|
|---|---|---|
||204,602|89,620|
||204,602
(78,455)
(3,559)
(768)
(1,125)
(20,660)
(1,236)
-
(2,454)
(2,513)
(870)
(136)
(650)
(343)
(1,200)
(75)
-
(18,362)
(28)
(200)
(62,658)
-
(1,440)|89,620
(41,671)
(2,035)
-
(990)
(3,378)
(2,452)
(413)
(5,628)
(109)
-
(1,731)
(507)
-
(121)
-
(150)
(362)
-
-
(33,787)
(157)
(1,440)|
||(196,732)|(94,931)|
||(196,732)|(94,931)|
||7,870|(5,311)|
Page 10