2024-04-30-accounts - Ofma Educational Foundation

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(England and Wales)

OFMA EDUCATIONAL FOUNDATION

Report of Trustees and Unaudited Financial Statements For the year ended 31 JANUARY 2024

THAMES ACCOUNTANTS AND CO. 100 Dunton Road London, SE1 5UN

OFMA EDUCATIONAL FOUNDATION Contents Page For the year ended 31 JANUARY 2024

Contents	Page
Report of the Trustees	1
Independent Examiner's report to the Trustees	2
Statement of Financial Activities	3
Statement of Financial Position	4
Notes to the Financial Statements	5 to 7

OFMA EDUCATIONAL FOUNDATION

Report of the Trustees For the year ended 31 JANUARY 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 JANUARY 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Charity Registration Number Principal Address

OFMA EDUCATIONAL FOUNDATION 1204698 First Floor, 51a Upper Wickham Lane Welling DA16 3AD

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Independent Examiner

Bankers

Abdulhakim Ismael Ilmi Yasmin Omar Ali Ayuub Sharmaarke Abdiaziz THAMES ACCOUNTANTS AND CO. 100 Dunton Road London SE1 5UN Barclays

Approved by the Board of Trustees and signed on its behalf by

Abdulhakim Ismael Ilmi Chair Trustee

OFMA EDUCATIONAL FOUNDATION

Independent Examiner’s Report to the Trustees on the Unaudited Financial Statements

For the year ended 31 JANUARY 2024

I report to the trustees on my examination of the accounts of the above charity for the year ended 31 JANUARY 2O24.

Responsibilities and basis of report

As the charity's trustees, 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 all the applicable Directions given by the Charity Commissio under section 145(5)(b) of the Act.

Independent examiners statement

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

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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.
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

THAMES ACCOUNTANTS AND CO.

100 Dunton Road London, SE1 5UN 03[rd] May 2025

OFMA EDUCATIONAL FOUNDATION

Statement of Financial Activities For the year ended 31 JANUARY 2024 Notes

Notes For the year ended	31 JANUARY 2024
Income & endowments from: Donations & legacies Charitable activites Other activites 1 Investments Total Expenditure on: Raising funds Charitable activites Other 2 Total Net surplus 3 Reconciliation of funds Total funds brought forward Total funds carried forward	2024 £ 118,403 - - - 118,403 - - 130,426 130,426 (12,023) (5,903) (17,926)	2023
		£ 95,800 - - -
		95,800
		- - 96,969
		96,969
		(1,169) (4,734)
		(5,903)

OFMA EDUCATIONAL FOUNDATION Statement of Financial Position

Notes Fixed Assets Tangible assets 4 Current Assets Debtors 5 Cash at bank and in hand Creditors amounts falling due within one ye 6 Total Assets (Current Liabilities) Creditors amounts falling due after more than one year Total Net Assets (Liabilities) The Funds of Charity Endowment funds Income funds 7 For the year ended	2024 £ 3,298 - 21,732 21,732 500 21,232 42,456 (21,224) (17,926) - (17,926) (17,926) 31 JANUARY 2024	2023
		£ 4,122 - 175
		175 200
		(25) 10,000
		(10,025)
		(5,903)
		- (5,903)
		(5,903)

The financial statements were approved by the board on 03 May 2025 and signed on its behalf

Abdulhakim Ismael Ilmi Chair Trustee

OFMA EDUCATIONAL FOUNDATION

Notes to the Financial Statements

For the year ended 31 JANUARY 2024

1. Income earned from other trading activites Unrestricted funds Subscriptions - Donations 118,403 Others - Restricted funds Grants - 2. Expenditure on other activities Salaries/wages Rent & rates Stationary & books Waste collection Website Building & repair cost Bank charges Insurance Utility bills Telephone, fax & internet Travel/Transportation Accountancy fee Educational items Depreciation Event's expenses Community welfare Alarm system fee Admin & legal costs 3. Net surplus/(expenditure) for the year This is stated after charging/(crediting): Accountancy fees	2023	95,800 -
	£ - 95,800 -
-	-
	2023
		95,800
	£ - - - - - - - - - - - 200 - - - - - 96,769
	96,969

OFMA EDUCATIONAL FOUNDATION Notes to the Financial Statements Continued For the year ended 31 JANUARY 2024

4. Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value; over their expected useful life on the following basis.

Fixtures & Fittings	20% Reducing	20% Reducing	Balance
Office Equipment	20% Reducing		Balance
Cost or valuation	Equipments		Fixtures & fittings
	£		£
At 01 FEBRUARY 2023	-		4,122
Additions	-		-
Total at 01 FEBRUARY 2023	-		4,122
Depreciation
Charge for the year	-		824
Net Book Values
At 31 JANUARY 2024	-		3,298
At 31 JANUARY 2023		-	4,122
5. Debtors
	2024		2023
Due within one year	£		£
Charity Debtors	-		-
Other Debtors	-		-
	-		-
6. Creditors	2024		2023
Amounts falling due within one year	£		£
Trade Creditors	-		-
Bank Overdraft	-		-
Sundry Creditors	-		-
Thames Accountants	500		200
	500		200

OFMA EDUCATIONAL FOUNDATION Notes to the Financial Statements Continued For the year ended 31 JANUARY 2024

7. Movement in funds

Unrestricted funds

Unrestricted funds
	Balance at		Incoming	Outgoing	Transfers	Balance at
	01	FEBRUARY 2023	Resources	Resources		31 JANUARY 2024
		£	£	£	£	£
General	-	5,903	118,403	130,426 -	-	17,926 -
Restricted funds
	Balance at		Incoming	Outgoing	Transfers	Balance at
	01	FEBRUARY 2023	Resources	Resources		31 JANUARY 2024
		£	£	£	£	£
		-	-	-	-	-
Unrestricted funds-Previous year
	Balance at		Incoming	Outgoing	Transfers	Balance at
	01	FEBRUARY 2022	Resources	Resources		31 JANUARY 2023
		£	£	£	£	£
General	-	4,734	95,800	96,969 -	-	5,903 -
Restricted funds-Previous		year
	Balance at		Incoming	Outgoing	Transfers	Balance at
	01	FEBRUARY 2022	Resources	Resources		31 JANUARY 2023
		£	£	£	£	£
		-	-	-	-	-