ILUL COMPANY REGISTRATION NUMBER.. 05801510 CHARITY REGISTRATION NUMBER: 1117909 Fountain of Peace Children's Foundation UK Company Limited by Guarantee Unaudited Financial Statements For the year ended 31 May 2022 MARK A JORDAN FCA Chartered accountants Jordan & Company Knighton House 62 Hagley Road Stourbridge West Midlands DY8 1QD
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Financial Statements Year ended 31 ljlay 2022 Page Trustees, annual report {incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (including Income and expenditure account) Statement of financlal posltlon 10 Statement of cash flows 11 Notes to the flnancial stalements 12 Tha followlng pages do not form part of the flnanclal statoments Detailed statement of financial activities 18 Notes to the detailed statement of financial activities 19
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 May 2022 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for th8 year ended 31 May 2022. Reference and admlnl$tratlvo detslls Reglstered charlty n•m• Fountain of Peace Children's Foundation UK Charity r•glstr8tlon number 1117909 Company reg18tratlon numbor 05801510 PrSnclpal ottlc• and rngl$tered 2 Wldmore Cottages offlce Agherid9e Ch88ham Buckinghamshirè HP5 2UY Thè tru•tee• Mrs S Williams Dr A.D. Shepherd Mrs A. Basabe Mrs M. Shgphgrd Mrs K Sharma Ms S Dodd Mr P Amboule Company Secretary Mrs M. Shephard Ind•p•nd•nt oxamlner Mark A Jordan Jordan & Company Knlghton House 62 Hagl6y Road Slourbridge Wesl MidlBnds DY8 1QD Structur•* govern•nc• and management Goveming document Fount#in of Peace Children's Foundation UK IFOP-UKI, hereafter known as the chanly. Is 8 company Llmiled by Guarantee, govemed by ils Articles of Association, adop19d by Special Resolution on 4th February 2021. 11 is regislerod AS a charlty wlth the Charity Commission (England and Wales). Membership of the company is by approval of thg IwÈlees. In the 8vent of winding up 8ach membor has agreed lo contributè £1.
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Truste•s' Annual Report (Incorporating the Direclotrs Report) (Gontinued) Year ended 31 May 2022 Structure. govemanco and management (conun Rècruitment and appointment of trustees The board ¢on$i8t8 of voluntary trustees who aro all praclising Christians, Prospective n•w Irustees are invited lo join the board by existing Iruslees through the r8cruitmenl process, whieh follows Charity Commission guidelines. in making sijre there is an appropriate range of skills, knowledg8 and experience amongst its members. Board members have slaluiory responsibilities bul they receive no remltneralion. They also atlerbd briefings and training cour8e$ as appropriate, Exlsling members approach sullable candidates who affj Invited lo attend a Tfustge meeting, initially as an observer, before being lom8lly invlled lo loln the board followlng references and other relevant checks including an enhanced child prol8ellon police check ID8SI. New trustees are given an inducb.on paGk whiGh includ88 all relevant constitutional documen1$. 8 bnef hi810ry of FOP-UK, governance and any other inlormalion relevant lo the work of the charity. All members receive a regular copy of the "Governance & Leadership. magazin0 in order to ke•p them up lo dale with Ihelr role and respon$ibili1188 and are also dlreclod to raad th8 CharSlle$ Commission Govemance code. Organisation The Board of Trustees admlnlst8r8 the ch8rlty. The board mg9ts th8 limes per annum. All aspects of the UK charity are considered, principally in line wilh the operational function of FOP-UG, who i¥$ue quarterly management and finan¢ial reports, in Ilne wllh their fulijrè planning policies. Re18tad part188 A similarly-named ¢harilablg company Fountain of Peac8 Children's Foundation UG {FOP-UGI 18 incorporated in Uganda. numbgr 92703, and is Limited by Guarantee. Funds raised in the UK are granted lo th6 Ugandan charity. which in lurn ovar8ees the opgrational aspects of the devglopment, as impl8m8nting partner. FOP-UK and Ils related Ugandan partnèr have discrete Articles of Association though Iheir business plans and strategy are broadly allgned. Lik8Wl88, a chaTi18ble company, registered wilh the New Zealand Charili8s Commission ICC number 484651, with whom FOP-UK wort(s closely. provides funds for th8 same purposes as FOP-UK in maklng grants to FOP-UG. A Memorandum of Understanding {MOU), signed by all three parb'8s. is in place. Audit Three Iruslees vlsiled Uganda In M8rch 2022 to undertake an audlt lo ensure compliance wlth appropriate plans. policiés and processes for the benefit of thè Children. staff and the community around FOP UG and implement controls to minimise risk of abuse. The audit COV8red the following areas- Operational including review of strategy. significant events audits, policies in place. sustainabilily and maintonan¢e of key assets. Financial - including review of long lem financial plan, annual budget. transparency and clarity on expenditure, robust and sate accounting procedures In place, and prevention of fraud and bribery. Safeguarding As a charity whose primary objecttve is to fund the provision of care for the most vulnerable childrén overseas it is incumbent upon th8 UK trustees lo ensure th81 Ihoy. as well as all those who work within or olherwlse vlslt the prolecl, are reqvir8d lo undergo gUlar safaguarding training. All volunteers who go lo the project to assist aro rèquired to hAve an enhanced DBS check lo accompany Ih8lr application to travel. The charity is regislered wth an approved UK Safeguarding agency lo advise on these matters, and also to giv8 ongoing training to the Board.
Fountain of Peace Children's Foundation UK Company Llmited by Guarantee Trustees. Annual Raport (Incorporating the Dlrector's Report) {¢onUnv•d) Year ended 31 May 2022 structure. govamance and manag&mont (contlnu8dJ Risk managemont The Charills exposure lo rlsk Is constantly kept under review and 'Rl$k Management, remains priority Ihal is refleded In the organi8alion's Attitude and practice towards good governanc8. A written policy for risk manag8ment is in place and is regularly reviewed by the board on an annual basis. Tho risk register idenltfies risks likely to affect the char5tls ability to mgel 119 aims and objectives in areas of Governance and Mana9ement, Financial and Legal, Operational and any olher external factors. Systems and pollcles are In place lo reduce or mlllgalg any risk and Ihese are monitored and appropriate acllons iaken If requlred. Other Wrilton PoliGig8 In accord wTlh tho chariws approach to good governance Ihgre are olso wrltten pollcies In place Ise• below) whlch are revlewed on a regular bas18 as 8hown. Th8 charity 1$ ragislered with the Fundraising Regulator. List of PolKies The revlew dales for FOP UK pollcles are either annually or every three years. The review dat9$ for the policles whlch are lo be reviewed every IhTré years have bgen $l$ggered lo ensure an even splll of tho number of pollcles to be revl•w•d each year. Poliev najne Impleffjeotatlo date Frequency of Tevitw Lfjst revlew date Next revlew date Anli-FTthud Policy Code of Conduci for Board Trusitts 201011202 Every 3 y¢or$ Every 3 yC¥TS 0611 In020 Nov¢mb¢r 2023 0110812017 611112020 November 2022 ComplAints policy Collflicts of Inleresi policy 281n912017 Every 3 y¢ars Every 3 years 061111202 Novembcr 2023 2810912017 0611112020 Novemb¢r 2022 Finan¢e Poli¢y 0611112020 Annulll 1911112021 July 2022 Manual Handling policy Janw2019 Evcry 3 years 0611112020 Novcmber 2023 Privacy policy 0410712018 Evcry 3 years 0611112020 November 2022 R¢cTuiiment and Induction of new TtUSt¢C5 0110812017 Every l ycars 1911112n21 Novembcr 2024 Risk Register 2810912017 Annu21 1911112021 July 2022 SafegUdIllg Children & Young Pcoplc poliey 1111012017 ADllu21 1911112021 July 2022 Su¢c¢ssiott Policy 0611112020 Every 3 years 1911112021 Novemb¢r 2024 Training PolL¢y 0611112020 Every 3 years 1911112021 Nov¢n)b¢T 2024 VolllntC¢TS policy 28109r2017 1911112021 July 2022
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report} (conlinued) Year ended 31 May 2022 Obloctlv8s and actlvlties The aim of th• charity is to make a dlfference, now and In the future, by generatlng hope and transformation in th• livo$ of abandoned andlor 0haned bables and children In the Kyenlolo Dislri¢l of Western Uganda, in particular, a Babies, Homa lo benefit and serv8 thèse chlldren has bèen bulll with a capacity of 42 infants, Currenuy there are also six family units, each ac(X)mmodaling a family of up to eight childran, from three years of age onwards. along wrth a hou$8 mother and nanny. The staled Objects of the charfty are.. {11 to advance the Chrislian Falth., {21 the relief of povèrty and siekness and the distr88$ caused thereby among ehlldren In Africa and such parts of thè world as the Trustees may from bme lo lime think fit including, bul not by way of limitation. through the provision of orphanages and homes for abandoned ehildren and such other charitablo a¢tivilies as the Trustees shall delgrmino from time lo time.. 13) to advance educatlon for thg benefit of children dlsadvantaged or marglnalised by reason of Ihelr economic or geographical clrcurnstancos in Such parts of the world as the Trustees may from tlme to lime Ihlnk fil, including, bul not by way of limitation, ihg provision of sponsorship programmes., and 141 the provision of facilitses for the b8nefil of such local communities in Afnca and th8 world which facilities may wilhoul limitation include the provision of child care services and meetings. lectures and classes and other foms of èdLtc8lion, recreation and 1o18ur& Ilme occupauon. without dlslincilon of raco. sex, polllical. ro1iglou8 or other opinion and with th• objo¢10l improvlng the condillons ol Ilfe for the 98ld Inhabllan18 a8 the Tru8tee$ may from lime lo Ilme In Ihelr dlscreilon dglgrmine. AehlevÈments and performan¢e The on%olng Cov¢d-19 pandemic ¢onllnued lo affect our operation in the UK during 2021122. insofar as promollonal aclivllies were once again severely curtalled, affecting our Income. However, as per 18St year, we can report that we continue lo operate from 8 solld financlMI base whlch. along with the loyally of our donors. has allowed us lo fulfil all our obligallons without dlmlnishing our abillty to mak8 additional funding available for Capital expenditure projects elc. In addition. in spite of 811 of the constraints of the last 12 monlhs. wo arè d61ighted to have incroas$d our regular donor base by &pproxim8tèly 10%. The Directors are delight•d to report th81 once agaln our admlnlslralive oxpendfture has been cored by gift aid payments, thus allowlng all givSng to directly fund the work of the charity in UgAnda. The Directors ara parucularly thankfvl for the increasing ggneral interest shown in the work of the charity, reflacted by further Interest, both in a practs'cal and supportive manner. from olher sources. The Dlreclors have lolnlly detorminod that. alongside the core purp059 of tha charity, both tho d8volopmenl of our sustsin8bility programme and the building up of the aducalional facility at tha Rw8nlaza HSllslde School Iwhlch also serves Ihe local community). Should play a significant role in Ih&ir planning over the next decade. A subslanlial amount of our Cap&x funding has Iher8fore continued to focus on these aspects of the future of FOP Uganda.
Fountain of Peace Children's Foundation UK Company Llmited by Guarantee Trustees. Annual Report {Incorporating the Direclor's Report) (¢onUnued) Year ended 31 May 2022 Thè tot81 ftjnding grants made, for Charitable activities, lo support the work of FOP UG from June 2021 to May 2022 was £118,374. The breakdown of these funds Includ•s the followng.. £16.159 was pald lo fund the nstruCtIon of phases 1 and 2 of a famihouse which in¢ludes storago, office and staff accommodalon block. £15.352 was paid to construct a mochanitally operated water supply system at the laim. £2.154 as a 50Y4 share to complete tha Inslallatlon of Grtd Power which wlll also benefft Ihe local community. £1.788 wa8 grant8d towards further School re$ource8. £1,490 wa8 paKJ to con$tru¢t a ¢ommunlty well. Thanks 10 external fundlng by an independent ¢haritable Trust We were able to purchase a twtonna Threshlng Machine at a cast of £2,278. We continue to makg grant$ of £7,500 per quarter in liou of our regular fin8ncial eommltment to the FOP project in Ky8njojo. Rwenjaza Hillside Nursery and Prim8ry School In line wllh the purpo888 of Fountain of Peace Iho development of Rwfjnjaza Hlllslde School Is of paramount importance. Approximately 400 chSldren are currendy r8g181ered with the school supplying education to both FOP children and Ih08e of the local communlty. The longer-tgmi provision of Secondary and voe8tionAI education are being 8Ctively pursued. The charfty confjnues lo lakg r08ponsiblllty for ¢overlng teach8rs holiday pay. 8oard of Trusleos Continuing educalion of all trustees Is considered mandatory. Each trustee r8c8fves regular bi-monthly copies of'Govemance & Leadership, m*g82ine. susl8in8blllty The tfU8lee8, along with othor FOP partnerg, continue to actively d6v•lop 8 medlum-long term sustainability strategy in line with our overall policy of self4ufficiency al the earliest dale possible. The commencement of constnjclion this year of a new farmhouse along with housing for a centlY acquired tractor with associated machinery, as well as a storage facility for crops, is a vital asset in maintsining this poliey. The appoinlmenl of a permanent farm manager ha8 been made possible by the generosity of two long term supporters. we are most grateful lo them. Volunteers 8nd supporters The trustees of the charity and our implementing partner FOP-UG, owe a massive debt of gratitude to our volunle8rs and sUPPOrtèrs. Their dedication and commitrnent provide5 both organisations wtth a solid foundation that fjnables our UK fundraising &vents and aclNilies to bg undertaken and the implemenlalion of thè projects lo be achieved To énsure that our volunlogrs are supported and reGogni5gd wa will continue lo refine our 'Voluntfj8r Policies, both in the Unitèd Kingdom and Uganda. Bi-annual volunteer trips, Suspended during the Covid pandemic, are to bo Instated from July 2022 to build on the policy of volunteer support to the charity.
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcgntlnuod) Year ended 31 May 2022 Resorves pollcy The Charity rogularly reviews ils 'ReseTVOS polity which stands at A resldual bal8nee of £25,000 equating approximately lo 6 months operating costs {including teach8rs htsllday pay for Ugandal. Th18 Sum may v8ry from time lo limg, Future Pl8ns In planning for Ihg fvlur• the tnjslees are activély seeking to add further new partn¢rships with Chur¢hes and Schools, in particular, In ordar lo develop fro$h funding opportunilles as well as Innovaliv8 id9as 10 broadon the horlzon8 of our chlldcare and leaching responsibilities as the FOP children grow up. A period of finanGial consolidation wll be required in 2022123 to review our requirements for further planned expendilurg in tho Fountain of Peace villaga In Kyenjojo. WO aim lo ensurfy thal our Chrf$llan beli$ aro always Sntegral ifi th8 declslon-maklng of tho Board. We seek, at 211 Ilme9. to work closely wlth our Ugandan colleague5 in planning and exg¢uting the development of new build Slruclures in the FOP village, particularly in relation to the ongoing family units and the seh¢)ol buildingg. Publlc B•n•fll 8t•t•m•nt As 8 Board of Iiusle¢$ w¢ ar8 cognizent of the Charity Commisslon's guldolines on public benefit and we conflrm th81 we have glven due rogard to this guidance within our report. We have shown in thi8 report that we continually seek to fulfil the core objectives of tha charity in the Artid8$ of Association, in addition lo improving relationships between UK and Uganda in moving forward with care and education for 8everely disadvantaged Ugandan ¢hildren. In spite of the Covid pandemic this policy contlnues to be pursued by partnerships with a number of UK ba59d schools in an educational role, 88 well as increasing involvgmenl of church and other commilmenls, so •nhancing UK-ba$ed inter. society relationships. Statemént of Trustoès Responslbllltles Th8 Iru51ees (who are also the director$ ol Fountsln of Peace Chlldren'$ Foundation UK for the purposes of company law} aTO r6sponslble for preparin9 tho Report of the Trustees and the finan¢ig1 statements In accordan¢8 wllh 8pplicable law and Unlled Klngdom Accounling Standards {Unlled Kingdom Generally Accepted Accounting Praclicel. The trustees are responsible for k8eping proper accounting records which disclose, with reasonable accuracy. al any time the financial position of the Charitable company and to enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. Th8y are also responsibl8 for $afaguardifig the assets of the charitablo company and hence for taking reasonable Stops for the prevention and detection of fraud and other irregularities. In so far as the trustaes are aware- There is no relevant audit information of which the comp8nVs audf(ors aro unaware: and Ihg trustees have taken all steps that they ought to havo tsken to make thems8lvoS OW8re of any relevant audit Infomation and lo establish that the auditors are 8ware of that information.
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (Mnllnu) Year ended 31 May 2022 1} Flnanclal review Restricted funds of £nil Re8trfcled funds are funds r8¢olvgd from grants. slakeholdars or donors for future expenditure associated th specffl¢ projects or pufp08e8. Unrestrided Funds Tho current Sevel of unreslricl8d funds 1$ £41,264. Small company pro¥lslon• This r8POrt h8$ been prepared In accordance with the provlslons applicabl8 lo companies gnlitled to the small companies exemption. The trustees, annual roport wa8 approved on 21 Juno 2022 and signed on beham of th8 board ol trusteos by.. Dr A.D. Shepherd Tfu$lae Mr8 M. Shepherd Charity Secro18fy
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Independent Examiner's Report to the Trustees of Fountain of Peace Children's Foundation UK Year ended 31 May 2022 I report to the trustee$ on my examination of the financial statements of Fountain of Peace Children. Foundation UK I'lhe charilty) for the year anded 31 May 2022. Rolponsibllltles and bas1$ of rnport As the trust80$ of the company {and also its directors for the purposès of company lawl you are responsible for the preparation of the financial stst6menls In accordance with th8 requirements of the Companles A¢t 2006 Ilhe 2006 ACY). Having salisfled myself that tho a¢counts of Ihg company are not required lo be audlled under Part 18 of the 2006 Acl and are eligible for indapendgnl $xaminalion, I r¢port in re$pe¢t of my examlnation of the charity'$ accounts as carried out undar $aelion 145 of the Chariliè$ A¢1 2011 1'lh8 2011 Acl'l. In carrying out my examination I have follow8d the Dirnctlon$ given by the Charlty Commisslon under section 145{5llbl of Ihe 2011 Act. Independent •xamIn•8 statement I have completed my examinatlon. I confimi that no mallers have come to my attentlon In connection with the examination giving me cause to believe.. accounting rocords Wgfe not kept in respect of the charity as required by section 386 of the 2006 Act. or the financlal statements do not accord with tho80 r•¢ords,' or th8 flnanci81 ststemenls do not comply wth the accounllng r8qulr8m8nls of s8Ctlon 398 of the 2006 Act other than any requirèmgnl that th8 accounts giv8 a 'true and fair, vi8w which is not a matter considered #s p8rt 018n independent examination,. or the flnancial slalemenls have not been prepared In accordance wlth the methods and prlnclples of the Slalemenl of Recommended Pracllce for accounllng and reportins by charitles applicable lo charities preparing their accounts in accordance wlih the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and hav8 come across no other matters in conneclSon with the examination to which attention should be drawn in this repart in order lo qnablo a propar under8landing of tho 8ccoun15 to be reached. Mark Jordan Independent Examlner Jordan & Comp8ny Knighton Hous& 62 Hagley Road Stourbridge Wesl Midlands DY8 1QD 21 June 2022
Fountsin of Peace Children's Foundation UK Company Limited by Guarantge Statement of Financial Activities (in¢ludlng Income and expendlture account) Year ended 31 May 2022 2022 Unrestricted funds Total funds Total funds 2021 Note Income and gndowments Donations and legacie$ Inveslment incom& 118,374 118.374 103.137 Total In¢om• 118.375 118,375 103,140 Expendlture Exp8ndllur8 on charllable acllvilies Total eXndItUre 119,948 119,948 119,948 119.948 107,645 107.645 N•t •xp•ndltur• and not mDvom•nt In funds 11,573) {1,5731 {4.5051 R•coThciliatian of funds Total funds brought forward Totsl fund8 carrl•d forward 42.837 42,837 41,264 47,342 41,264 42,837 The statement of flnanclal 8cllvili&s inelud88 all gains and1088es rècognlsod In lh8 year. All income and expendibjre derive from conlinuing 8ctlvilles.
Fountain of Peace Children's Foundation UK Company Limited by Guarant8e Statement of Financlal Position 31 May 2022 2022 2021 Note Curr*nt assats Cash at bank and in hand 42,524 44,109 Credltors: amounts falllng due wlthln on• y••r Net currant assets 11 1,260 1,272 41.264 42.837 Total assets lo¥$ curr•nt Ilabllltles 41,264 41,264 42,837 42.837 N•t 4$90ts Funds of the eharfty Unrsstrieled funds 41,264 42,837 Total charlty funds 12 41,264 42,837 For the year endlng 31 MAY 2022 the ¢harlty was éntitled lo oxemptlon from audit under section 477 01 the Compani88 Act 2006 r818tlng to small companies. Directors, responsibiliti88: Th6 members have not required the company lo obtsin an audit of financial st8t8menls for th8 year in question in a¢¢ordance with saclion 476.. The director8 8Gkn¢)wledge Ih6lr responsibilitles for ¢omplylng wllh thg r8qulremenl$ of tho Act with respect to #ccounllng record8 and the preparallon of financial stalgmenls. These financial statemonts have been prepargd in accordance with the proM8ions appllcable to comp8ni8s subjoct lo the small companies, regime. These finan¢l81 statements were approved by Ihe board of truslg•s and authorfsed for Issue on 21 June 2022, And are signed tsn behalf of th8 board by- DrA.D. Shepherd Trustee 10
Fountsin of Peace Children's Foundation UK Company Limited by Guarantee statement of Cash Flows Year ended 31 May 2022 2022 2021 Cash flows from op•ratlng actlvltles N•1 oxpenditure 11,573) 14.5051 Adjustments for.. Other interest receivable and similar income Interest payable and similar charges Accrued Income {31 75 161) {4,4941 {121 {1,5861 Cash generated from operallons Bank charges Interest received 1751 Net cash used in operating activitie5 11,5851 {4.5661 Net do¢rèa88 In cash and cash •qulvalonts Cash and cash equlvalent8 at be9lnnlng of y•ar Cash and cash •qulval•nts at end of year 11,5851 44,109 42,524 14.5661 48,675 44.109
Fountain of Peace Children's Foundation UK Company Llmited by Guarantee Notes to the Financial Statemenls Y•ar ended 31 May 2022 General infomiatlon The charity is a public benefit entty and a private company limited by guarantee. registered in England and Wales and a registered charity England and Wales. The addross of tha registered office is 2 Widmore Cottages, Asheridge, Chesham, Bucklnghamshire, HP5 2UY. statement of ¢ompllanc8 These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and th8 Republic of Ireland., the Slalement of Recommended Practice applicable to charities preparing their accounts in a¢cordance wilh the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (Chorities SORP IFRS 10211 and the Companles Act 2006 Accounting pollcles B•sls of preparatlon Th8 flnanclal stslemenls have bé8n prèp8red on the h18tortcal cost b881s. Golng concgrn There are no material uncertainties Èbout the charlty's 8billty to conllnue. Judg•m•nt$ and k•y $ourc•• of •8tlmatlon un¢•rtalnty The PParatIOn of the flnanciÉl statements requlres managgm8nt lo make judgements, estsmales and assumptions that Bffecl the amounts reported. These ests'males and judgements are eontinually reviewed and are based on experience 8nd other factors, including expectalions of futurè events that are believed lo be reasonable under the circumslan¢es. Fund *c¢ountlng Unreslrlcled funds are available for use at the di8creilon of th8 trustees to further any of th charity's purposes. D•¥i9naled funds are unreJJtriGted fund¥ ¢orrn•rk¢d by the tru•t•¢• br partioular futur• proJ•et or ¢ommilment. Rg$lri¢led funds are subjected lo reslrlctlons on thelr expandlluro do¢lafed by the donor or through the terms of an appeal. and fall into one of two sub-classes.. restricted income fvnds or endowment funds. 12
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Noles to the Flnancial Slatem8nts f¢ohiinuedJ Year ondad 31 May 2022 A¢countlng policies {¢ontinu*I) Incomlng résources incoming resources are Induded in the stslemenl of financial acllvilies when enlillemenl has passed lo the eharity., it is probabl8 that the economlc benefits associated with the trdnsacknon will flow lo the eharity and the amount can be reliably measured. The following specific policies are applied to particular categories of incom8'. Inwmo from don8tions or grants 18 r8¢ognised when Ihore 1$ evldenc8 of enlitlemant to the glfl. recalpl 18 probable and Ils amount can be measured rellably. legacy income is recogni$$d when receipt is probable and entill8manl Is establlshed. incom& from donated goods 15 m&asud 8t the fair value of the goods unless this is impra¢li¢al lo measuTe reliably, in which ¢ase the value 1$ derived from thè Cost to the donor or the e$limal8d resale value. Donated facilities and $$Nices are recognised in th a¢¢ounts when received if th6 V81ue Can be rellably measured. No amounts ar• ineluded for tha contribution of general volunle•rs. income from contracts for the supply of services 18 recognised with the delivgry of the contracted service. This is ¢lassifled #s unreslricled funds unless there is a contractual requirement for it to be spent on o partlcular purpose and returned if unspgnl, in which case It may b8 regarded as restrlcled. R•sour¢•s •xp•nd•d Expenditure [8 recognised on an accnJal8 basis as a liabllily is incurred. Expenditure includes any VAT which Cannot be fully recovered, and Is ¢la881fled under hoadings of the statement of rinancial acllvilies to whlch 11 relates.. expendilure on ral$ing funds Includes the costs of all fundraising a¢ttvlllos, 8v8nts. non- harilabl8 trading adivilies. and the sale of donated goods. expenditure on ch8ritable activities includes all costs incurred by a chartty In undertaking activitiè# thst furth&r tts charitabl• aims for thp hènèfit of its benèfitiari8$. including those 8UPPOrt costs and ¢osls relatlng to the govemance of tho ¢harlty apportiongd lo charitable acllvllEes. oth&r expenditure Includes all expenditure that Is nelihèr relAted lo raislng funds for the ¢harity nor part of its expenditur8 on charitable activilies. all costs are allocated to expenditure categories refiecting th8 use of the resouree. 01cl costs attributable lo a single a¢livity are allocated directly lo that activity. Sh#red costs arè apportioned b9twe&n Ihg a¢tivili¢$ they contribute to on a reasonablo, lustlfiable and consistent basis. 13
Fountaln of Peace Children's Foundation UK Company Limited by Guarantee Notes to the Financial Statements (contlnu•d) Year ended 31 May 2022 Accounting pollcles (¢ontlnu8dJ Flnanclal Instruments A financial a$$el or a flnanci81 li8bilily Is recognised only when the enlily becomes a party lo the contractual provisions of the instrument. Basic flnanclal instruments are initially recognisod at the amount receivable or payable including any related Iransactson costs. unless the arTangament consb'lules a financing transaction, where it is recognised at the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Current assets and currgnl liabilities are subsequently measured at thè cash or other consideration expected lo b¢ paid or recelved and not dlscounled. Debt Instruments ar6 8ub$equenlly measured at amortisfrd ¢o$t. Limltod by guarantee The company is limited by guaranlea and has no share capital. The liability of each m&rnber in th8 •v•nt of winding up 18 limlled to £1. Donatlons Ind legacles Unrestricted Total Funds Unreslriclod Totsl Funds Funds 2022 Funds 2021 Donatlon$ Donallons Gift Ald 108,975 9,399 118.374 108,975 9.399 118,374 92,375 10.762 92,375 10.762 103,137 103,137 Inv•8tm•nt Incomo Unrestrfcted Total Fund• Unr•$lflCted Total Funds Funds 2022 Funds 2021 Bank intsrest recelvable ExndIture on charltablg a¢tlvltio¥ by fund typo Unrgslrlctod Total Fund• Unrestrlct8d Tolal Fynds Funds 2022 Funds 2021 Ch8rilable activrties Support Costs 118,304 118.304 98.659 8,988 98.659 8,986 119,948 119.948 107.645 107,645 14
Fountain of Peace Children's Foundation UK Company Lirnited by Guarantee Notes to the Financlal Statements fconllnuedj Year ended 31 May 2022 Expendlture on charitabl• activltlas by attlvlty type Activities undertaken directly Support costs Tolal funds 2022 Total lund 2021 Charitab10 a¢livities Govemance costs 118.304 118,304 1.644 119,948 98,659 8,986 1.644 118,304 1,644 107,645 Ind•p•nd•nt •xamlnatlon fees 2022 2021 Fees payable to the Ind¢pend&nt examlner for: Independent examination of thè finan¢l81 slatemenls 1,200 1,200 10. Trustee remuneratlon and •xpen$•s No r8mun8r8tion or other beneffts from employmènt with the charlly or 8 related entiiy were received by the Iru8lees. 11. Cr•dltors: •mounts falllng du• wlthln on• y•ar 2022 2021 AccnJ81$ and deferred income 1,260 1,272 12. Analys1• of charltabl• fund• Unrestrlcted funds At l Jun¥ 2021 At Income £xp•nditur• 31 May 2022 Unreslricl•d Fund 42,837 118,375 1119.9481 41,264 At 1 June 2020 At Incomo Expendilure 31 May 2021 Unreslrieled Fund 47.342 103,140 1107,6451 42,837 15
Fountain of Peace Children's Foundation UK Company Limited by Guaranto0 Notes to the Financlal Statements (conHnuedl Year ended 31 May 2022 13. Analysis of net assets tWeert funds UnsIr1Cled Total Funds Funds 2022 Current assets 41.264 41.264 Unrestricted Total Funds Funds 2021 Current 88se18 42,837 42,837 14. Analys1$ of changas In n?t debt At Al 1 Jun 2021 C88h flows 31 May 2022 Co8h al bank and In hand 44,109 11,585} 42,524 16
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Management Information Year ended 31 May 2022 Th• followlng pag•s do not torni pArt of th• flnanel•l statement•. 17
Fountain of Peace Children's Foundation UK Company Limited by Guarante8 Detailed Statement of Flnancial Activities Year ended 31 May 2022 2022 2021 Income and gndowmgnts Donations and 1•gacI•s Donations Gift Aid 108,975 9.399 92,37S 10.762 118,374 103.137 Investment Income Bank inlgr8sl receivable Total Inoom• 118,37S 103,140 Exp•ndlturo Exp•ndllure on charltabl• acllvltlo1 In$uranco Travg11ing expenses Compassion UK 5pon$or a ¢hild Advertising Office expenses Donatn$ lo FOP UG A¢¢ounlon¢y fees Professlonal fees Bank charge8 Trustee training 480 1.768 436 3,223 2.955 109.442 1,200 369 475 401 9,096 2,928 85,759 1,200 6,185 75 1.526 75 119.948 107,645 Total expendlturé 119,948 107.645 N•t •xp•ndltur• (1,5731 (4.5051 18
Fountain of Peace Children's Foundation UK Company Limited by Guarantee Notes to tha Detailed Statement of Flnanclal Actlvltles Year ended 31 May 2022 2022 2021 Expendlture on charltsblè aetlvltlos Charrtablfr actlvltles Activities undertak•n dlr•ctly Insurance Travelling expenses Compassion UK sponsor a ¢hild Advertising Offlce expenses Donations to FOP Uganda 480 1.768 436 3,223 2.955 109.442 475 401 9,096 2,928 85,759 118.304 98,659 Governan¢o costs Govgrnance costs - accountancy faes Professional f60$ Bank charges Trustee Iransllion training 1.200 1.200 6,185 75 1,526 75 8,986 Expendlture on charlt#bl• •¢tlvltl•J 119.948 107,645 19