Company regk%tr8tron num 05801510 Charity rogistration number. 1117909 Fountain of Peace Children's Foundation UK (A company Ilmllod by guof8nteo) Annual R•port and Financi81 Statements for thg Year Ended 31 May 2023
Fountsin of Peace Chlldren's Foundatton UK Contsnts Trustees, Report 1 trjlo ndependent Examinerfs Rowt 11 Statanent of Financi•l Activitso 12 Balance Sh1 13 Statement of Cash Flows 14 Not88 to the FinancLql Statsmont8 15to20
Fountaln of Peace Children's Foundatlon UK Trustees. Report The Trustee4 who ar• also (firector8 of the ¢harty for the purpo8e8 of the Companies A¢1 2008, pr88ent their report with the fin8nctal 8talements of the ¢harity for the year ended 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charitiés: Ststemenl of Re¢omm0nded PT8ctice apPlble to ¢haritie$ preparing their gccounts in accordafi wlth the FinancTral Reporling Stsndard 8pplicabl• in the UK and Republt of Ir01and IFRS 102) (effe¢llve 1 January 20191, R•f•ron and admlnl•trntlv• d•tal R¢glst•r8d charlty namo Fountsin of Pe9ce Chiklren'8 Foundation UK Charity r•gi$tr*tion numb•r 1117909 Company r•g18tMtlon numb•r 05801510 Prlnclpal offlc8 •nd r•oht•r•d offl¢• 2 Wldmore Cottage8 Asheridge Chesham Bu¢kin9ham8hlre HP5 2UY The tru8t••$ Mr$ S willMI Dr AD. Shepherd Mrs Basabe Mrs M. Shepherd Mrs K Sh8rm4 Ms S Dodd Mr PAmboule Company s•cr•tsry Mr8 M. Sheph•rd Indep•ndont •xamln•r Mark A Jordan Jordan & Company KniGhlon House 82 H8gley Road Slourbridge Wesl Midlands DY8 1QD Page 1
FountaSn of Peace Chlldren's Foundatlon UK Trustees, Report StruGturei governance and management Governing do¢um•nt Fountain of Po@ Children'8 Foundalon UK (FOP UIQ, hereaftar known as the charity. 15 a company Limited by Guarantee, govemed by its AJticl8s of AssocOn, 8dopted by Sp8cral Résolution on 4th February 2021. It is ro9iStered as a charity with th& Charity Commission (Engiand and Waie91. Member8hlp of the company ty approval of the tru8te88. In the evant of winding up each member has agreed to contribute £1. Objects Th8 alm of the charity is to make a dlffer8nce. now and in tha fi8, by ganerating hope and transformation in tho Irve8 of abandoned ondlor orphaned babies and children in the Kyenjojo District of Wa61em Uggnda, In part5¢ul8r, a Babies. Home to nefIt and serv6 these chlldren has been buiit with a capacity of 42 Infanlg. Currendy the 8th and 9th family units are under conslruclion. each unit accommodating a famity of up to gight chiklren, from thre8 ygars of age onwardy. along with a house mother and nanny. The 6taled Objects of the charity are.. . lo advance the Christian Faith., . the 111 of poverty and $lckness and the d1stio caused theroby among chlldren In Afrk• and 8uch PArt8 01 the world as tho TTUSteo¥ rnay from timo to timo think frt includir, but not by way of limttatlon. through tha provision of Orphanag and homo8 for 8bandonod chikiren and such other charitablo ael1lIa# as thè Tru$toes $h•ll determino from Vmo to time., to advance •du¢alion for the boneflt of chlldr¢n dlBadvantsg8d or m8rglnallg•d by r0880n of Ih•ir economic or geogr8phical cir¢umstan¢8s in Such parts of th8 world 88 the Trust•e8 may from tlme to lim• think frt, includlng, but not by way of limrtalKJn, the provision of 8pon80r8hip programrnes., and the provlsion of f•cllltle8 for the b•nefil of Such communrttos In Affica and th? world which facllltw$ may wlthoul Ilmllalion Includg the prowslon of child care servlce6 and meetings, leclura8 and classes and other fonns of oducalon, recre8tlon gnd leisur8 time occupation, without di8tindon of raco, 8ox, pJISIIc81. reltgiou8 Qr other opinion and wlth the object ol Improving the condition• of lile ftr the said Inhabitant8 as th• Tru•8 may from tim• to tlmo In their dl8¢rellon detennlne. R•l•t•d partl9• A $lmllarty-nam•d #h*rit•bl• ¢tsmp•ny F¢Junlolrr of Chlldren'a Foundallon uo (FOP UG) 18 in¢orForated In Uganda, number 92703. and 18 Limited by Guarantse. Funds raised in the UK ar8 granted to the Ugandan charity. which in tum over$ges the 0ratIonal a8pocts of the d8velopm•nt, 98 Implementing partn¥T. FOP UK and Its relatod Ugandan partner have di8cr8t8 Artlcles of Association though their i)usiness plan8 and slrate9y are br08dly sli9ned. Like$, a charitable company. registered with the New Zealand Charities Commission (CC number 48465}. with whcrn FOP UK works Gfosely. provtd83 funds for Ihg sams purpo895 as FOP UK Sn makin9 grants to FOP UG. A Memorandum of Undgrstandlng IMOU), signed by all three p8rtie8, Is In placg. Or9•nlBatton The Board of Trustees admlnlsters the eharity. The Board méets thrae tlmey per 8nnum. All aspects OF the UK charity are ¢onsid8red, principalty in line wtth the operational function of FOP UG. who issue quartedy managemanl and ffnancral rgFQrts, in fine with thgirfvturè planning policies. Page 2
Fountain of Poace Children's Foundation UK Trust•as' Report R¢¢Nltment and appolntment of nNY trnstse8 The Board con8ists of vOntsry trustees who are all practising Christi8ns. Prospective new trustees are invited to join the Board by existsng Iruslees through the recruitmgnt proc65s, which fdlows Charity Commission guidelines. in making sure there 1$ an appropriate range of skills, knowwge and expolience among6t its members. Bo8rd members have statutory re8pon#ibilibeÈ but they receiv& no remun•ration. They al80 attend brvaffngs and training courses 08 approprfate. Existing members approach suilable ¢andidato5 who are invitod to attend a Tru8t•e meeting, inillalty 88 an ob¥erver, before belng lomi81ty Vited to join the Board folknmng raferenc68 and othgr relavant chock8 Including an enhanced chikl protection polica check IDBS). New truste86 are given an induction pack which iriGludes all relevant ¢onslRulional documents. a brief history of FOP UK. govem8n¢e and any other Infom)ation relevant to tho work of the charity. All members receive 8 regular copy of the °Governance & Leadfrrship" magain8 in order to k¢ep them up to dalo wth their role and responsibilities and are also directed to read the Charity Commission's Govern8ncg crAe. Audlt Three twsteej vi6itsd Ugonda In Aprll 2023 to undertakg an audlt to ensure c¢Jmpllance wrth appropdate plans, pollcie¥ and proce88os for tho benefit of the thlldT&n. staff and the community around FOP UG and implamenl controls to minlml8e rf8k ol 8bu8e. The audit covargd the following are85.' • OpornUonl.' Includlng rovlew of Jtrategy. •lgnlflcant events 8udfts, pollcles In plaeg, •ustsinablllty and malnlenanco of key assets • FinancA81'. inclutjing r•view of long tern financlal plan, annual budget, Iransparenw and cladty on •xpenditure, robust and saf• accounting proRdure8 In place, and prev8nlion of fraud and bribgry S•f•guardlng A8 a charity whosa primary obj¢ctfve ig to fund the promsion of Gare for thè most vulnerabla childr&n oversgag it Is incumbent upon the UK trusle•s lo en$ure that they. ag well as all Ihosg who work wilhln or otharwi8e vislt th• pr¢ie¢l, are required to undergo regular safeguarding training. All volunteers who go lo the project to assist arg required lo have an enhanced DBS check to accompany their agplicalion lo tr8vèI. Th• ehrity is règi6t•r*d with on approv•d UK $•f¢guording agvnGy to advt8e on the80 mattèrs, and af80 10 9iva ongolng Iralnlng t¢ the Bo•rd. Rl8k maTr•gomont Thg charty's exposure to ri$k 18 con¥tantly kept under rev16w and 'Ri$k M8nagemenY remaln8 a prlority that Is reflected In tho organisation's att41ude and practice towards good governance. A written policy for man&sement is in Pl and is reviewed ty the Board on 8n annu81 basis. Tho risk ro918lèr Identifies ri$k¥ Nkety lo afft the ¢harity8 8bllity to mo81 its 8ims and objectlves in areas of Govemanco and Managemenc Financlal and Legal, Operational and any other external faclorg. Sy818ms and pollcles are in place to reduce or miti9ate any rtsk and theso are monttored regtslady and appropriate actions taken required. Page 3
Fountaln of Peace Chlldren's Foundation UK Trustees. Report Other Written Pollcles In accord with the charity$ approach to good govemarkce there arg af80 written polici8s in pface (see below) which aig revtewed on a Tegular basis as shown. Th¢ charity i% registered the Fundratsing Regulalor. L18t of poll¢le8: The rewew dates lor FOP UK policies are either annual or every three years. The rewew dates for the poli¢ies which are to be revied every three years have keen gger&Y to ensure an even sprrt of the number of policies to b8 revls%d each year. Pollcy namo Implementation Last review Froquency of date date rnview 20101r2020 0611112020 Every 3 years 0110812017 1111112022 Every 3 year8 2810912017 06111r2020 Evwy 3 years 2810912017 1111112022 Every 3 years 0611112020 06107r2021 Annual January 2019 IW11r2020 Every 3 years 0410712Q18 11111r2022 Every 3 year8 01108r2017 1911112021 Every 3 years 28109r2017 0610712022 Annual 0610712022 Nmnual 1911112021 Every 3 years 19111r2021 Every 3 years 06107r2022 Annual Antl-Fr8ud Policy Code of Conduct for Board Trustees Complaints policy Conflicts of Interost Folicy Finance Pol Manual Handling poiicy Privacy plIcY Re¢ruitiT)ent and Induction of nthv Trustee¥ Risk Register Safeguarding Chil(Jren & Youn9 People policy Suc¢ossion Policy Training Poiicy Volunteers policy 1111or2017 0611112020 iW1112020 2810912017 P4ge 4
Fountaln of Peace Chlldrnn's Foundation UK Trusteas. Report Achievements and porfom)ance As per last year. we can r8POrt that we continue to operate from a solid financ1 base which. along wrth the loyalty of our donors. has allowed u5 to fulfil all our oblig'on$ without diminishing our ability lo make additional funding available for capitd expendriure projects @lc. In addition. we can report that our regular dc¢nor base has increa$od by approximately 10% in the rgporttng year alongspdfy a 39% increase in the overail number of donorg. The Directors are pleased to report that once again our administralve oxpenditure has been covered by grft atd panents. thus alkJwing all grving to directty fund the Work of the Charity in Uganda The Directors are particulariy Ihankful for the increasing generd interest in the work of th8 chaTity. both in a pr8Ctical. financiai and prayer support frC 8ltem8lrve souros. The Directors have jointly detennined th4 alongside the core purpose of the charity. both the development of our sustainabilty programme and the building up of the educational facility at the Rwenjaza Hillside Sch¢)ol {whr¢h also serve5 the Ictal community), should play a sign[fant rolo in their planning over the next decade. A substantial amount of our Capex fundlng has thergfore continued lo focus on these asFe¢ts ofthfj future of FOP Uganda. The lotal fundin9 gT8nts made, for ¢haritablg actmtles, to 8Lrpport the work of FOP UG from June 2022 to May 2023 was £60,856. The breakdown ofthese funds includes the following.. £15,254 was pard to advance Ihe ¢onstru¢tion of a famihouse. £9,851 was granted towards further 8¢hool resour(s and teachers holiday pay. £27,924 was paKI by way of our r6guiar financial MMitMent to the FOP project in Kyenjojo Incomw. £IZ2,86 li £118375 £112,106 i103.J40 201W20 202DJ21 2D21n2 Page S
Fountain of P8ace Childr•n's Foundatlon UK Trustees, Report £4X Y6 Rw•nJaz• Hlll•ld• Nurnory and Prfmary School In Ilng With the purposes of Fountain of Peace the development of Rw8njaza Hlll$ld8 School (RHSI18 of paramount Import8nGe. Approximalety 400 chiklren aro currentfy regI8terad wllh the sch¢)ol providing edu¢allon to FOP chlklren and those of the local Gommunlty- Tho longer tem) provision of secondary and voc8tion81 edutration is b&ing actively purnued. Tha chaffty ¢onllnues to taka re6pon61bllity for e¢verlng teacher8 hollday pey. Su8talniblllty The trustees, along wllh our FOP partners. eontlnue to aclivaly develop a medium-long torm SU8tainability strategy in line with our overall policy of seif-suffi¢iency at the earllest dat8 possible. Tho constructson thi$ year of a new farmhouse along with housing for a recenrfy acquSred Iraclor with a$socl8l¢d ma¢hlnery. as wo1108 8 storage faclllty for crops, l& # vital asset mainlalnlng Ihls poll¢y. The appointment of a perman6nt fami manager has been made possible by thg gen8rosity of a long temi supwrter lo whom we are most grateful. Iloayd ol TN•t••• Conb'nuing education of all UK Trust is considered fflandalory through mlevant training coum$. Each trustee 8180 recelves rogular bi-monthly mpla$ of 'Govornance & Le8der8hlp' magazine. Volunteern and supporter8 Th8 trust898 Ot tho charfty and our impl9mting partngr FOP UG, UIVO 8 massive dobt of gratitude lo our volunteers and supporter& Their dedication and commifmenl provides both organisattons with a solid fOuration that enabl85 our UK fundraising avents and actNttse8 to be undert8ken and the Implementslion of the proigGts lo be ochleved. To ensure that ¢Jur volunteer8 ara ppOrted and recognised wlll continue lo refine our Volunlger Polity.. both in th& United FQngdom and Ugand& Bi-annual volunteer trtps to the project in Kyenjojo recommenced in Juty 2022 ID buikj on the practic& of volunte•r supFort to tho tharity. Page 6
Fountain of Peace Chlldren's Foundation UK Trustees. Report RMoN•s pollcy Tha chartty regulaty rev its 'Reserves polity which currentty guarantees a sum of £25.000 equabng approximalety to 6 months oper8ting costs (including teachers holiday pay for Ug8ndal. This sum may v8ry from time to timo. Pertorniance and Futuro Plans In planning lor the fvluro the tru8tee$ are actlvely seeklng lo add furlher new partner8hip8 wlth Churches and Schoc4s. in partrcular, in order lo develop fffjsh funding opportunities. We are a18 explorirtg innovative rdgas to broaden the hoiizons of our childcare and edUcatnr opportunities for th& FOP children 88 th•y grow old•r. A period of fInanG1 con8011datlon wlll be raquired in 2023124 to roviv•V our r64ulrem8nts lor further planned expgndibJre in the Fountain of Peace villag9 in Kyenjojo. We alm to ensure that our Christian bo1i8f8 are always fundamental in the doci8ionvmaking of the Board. The 8ppointment of a full ts'mft Chapiain at FOP represents 8 major step in thi$ prCe$s. We seek, al all times, to work clos¢ly wth our Ugandan collèaguos in planning and •xecutlng th• development of new bulld structures In th• FOP vlllage, particularty in rolalion to th• ongoing lamlty units and thg school buildings. A major addlllon h•s been th• ¢on8trucdon of a largo farnihots80 whh •lorag• •p8ca and 8180 accommodatton for the farni m&nag8r. The final stage wll be completed In the summer of 2023. Ajready a numb8r of African styl8 kole gardens have been rjgveloped and plans to exterbd th program wllhin the RHS CUrrj1Urn are in place. Page 7
Fountain of Peac8 Children's Foundatlon UK Tru8te83' Report Envtronmental factors remain of major imF()rt8nce in development of all struclurgs within the FOP wllage especialty in VI of scarctty of water supply in Ihal grea. We have 8UPPOrted th6 development of mmUnity weirs within the neighbouring village, eonvertlng polluted w81gr holes into ¢tèan water sources. A s19neant decision was made in thi$ reportin9 year to start o chitdren's choir w¢if* professioftal staff being Tesponsible for progrg88ing this. A signiffcant actmty undertaken during a volunteer trip in this year has fjn the conslrucllon of a new homo, containing four separate rooms. for a membgr of the communty who also works as a laundry attondarrt at FOP. A •apèral• kllchen for th1$ home wlll bo built In the 8umm•r of 2023. Page 8
Fountain of Peace Children's Foundation UK Trustees. Report Public B•nofSt 8tat•mont As a 8oard of Tru8tee8 we 8ro cognizanl of the Charfty Commlssion's guidelines on publ benefit and w& confirm that wo have given due regard lo this guidance within our pOrt. We have shown in thi report that w8 contrnually s*k lo fulfil Ihe core obiectives of the charity in the Articlgs of Association, in additfon lo improving relationshlps bahveen UK and Uganda In movlng loard care and edueatlon for sevgrety disadvantaged Ugandan childfon. This has been facllitatsd by partn$rships with a numLwr of UK based Khools in an edu¢81ional role, as well as incrEaging invofvement of church and other communibes. g) enhancing UK-based inler-wcEty relationships. STATEMENT OF TRUSTEES RESPON818ILITies The truste8s (who ara also the diroctor8 of Fountain of Pe8ca Chlldren's Foundallon UK for the wrpose8 ol company law) 8r8 rospon8ible for preparing the Report of the TnJ$tse8 8nd the flnancial $l•lements In 8ccordanc• with applicabl8 law and Unltéd lawdom A¢counting Standards (United Kingdom Generally Acc8pl8d Accounting Pfactice), Th• tru8t8•8 are re$pon81ble lor keeping propor aceountfng records whl¢h di8c1060, wlth r•asonabl& aeGur8Cy. at any time the fin8ncTal posIon of th& charitable Company and to enable them lo 8n5ur• that the financial ststements comply with thè Companies Act 2006. Thgy or8 also responsible for afegu8rding th& assets of tho charilablg company end henc• fof takin9 rgq8onablo step8 for tho provenuon and del8¢tlon of fraud and other lffggul4rlllos. Insofar as the Iru5tee8 are aware: 1) Ihara IJ no rnlevant audll Infomiation of whlGh tho ¢ompany'# audttor8 are unaware,. and 21 the tru6le&8 hav8 taken all steps incumbgnt upon them lo make themselves aware of any relavant audit infom)ation and to e8tsblish that tho auditor8 &rfj aware of thgt infomiation. Flnancl•l r•vl•w Restrioted funds £nil. Re$lri¢ted funds aro fundj recoivod from grants, 8takoholder8 or donor8 for future oxpendllurè a880ciated wth $pecrft¢ project8 or purposes. Unr88trrct8d Funda Tha current lèv•1 of unrostrtclgd fund818 £76.782. Sm•ll company provi•Son• Th18 re[ has been prepared in accordan with th8 pS1OnS 8ppllcable to companies entitled to the small cx)mpanies exemption. Page 9
Fountaln of Peaco Children'8 Foundalion UK Tru8to•8' Report amual TeFQrt was aFprovod by the trusto8s of the charty on 10 Y 2023 and sbjned on ils tehalf by. MaTttyii Shepherd Company se¢ret8ry and tru5t•& Susan Dodd Tru6te¢ Jel0
Fountaln of Peace Chlldren's Foundation UK Independent Examlnerfs Report to the trustees of Fountain of Peac8 Chrldren's Foundatlon UK {Yhe Company.) I report to the charity trnstees on my examination ofthe accounts of thg Gompany for the year ended 31 May2023. R95pon$lbllltio5 and bag1$ of r•port As the tharity's trustees of the Company (al also its dire¢tor8 for thg puwes of company iawl you are reswnsible for the preparation of the accounts in accordance with the requiroments of the Cr)mpanies AGt 20CIS ('th8 2006 Act,). Having satisfied mysew that the accounts of the Company are not require(I lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your eharty's accounts as carried out under sectKJn 145 of the Char[e5 Act 2011 ('th8 2011 ACY). In ryIng out my examination I have folkxv&Y the Directrons given by the Chattty Commission under se¢tson 145{5)Ibl of the 2011 Act. Independent examinerfs stat•mgnt I have compl¢led my gxamination. I confimi that no matters havg come to my attention in ¢onnectitin with the ex8tT7ination 9Mng me c4use to believe.. 1. accounlillg re¢ord8 Were not kept in resp8ct of Fountain of Peace Children's Foundation UK as required by sectton 386 of tha 2006 Art or 2. th9 accounts do not accord wth those records.. or 3. the accounts do not comply with the 8ccounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'trug arKI fwr Mevk which ks not a matt6r considered as part of an independent ex8minatiof): or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Rewmmended Practi¢¢ for accounting and reporting by charities lappltsble lo charities preparing their accounts in aOrdance with the Financial Reporting Standard applicable in the UK and RepLrblic of Ireland (FRS 102)]. I have no Canrn$ and have come across no other matters In connection swth thg examination to whi¢h attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Jordan FCA Kmighton House 62 Hagley Road Slourbridge West Midl8nd$ DY8 1QD 10 July 2023 Pag8 11
Fountain of PeaGe Children's Foundation UK Statement of Flnancial Activitles for the Year Ended 31 May 2023 (Including Income and Expenditure Account and Statsmont of Totsl Recognlsed Gains and Losses) Unrestrlcted funds Total 2023 Total 2022 Not• In¢ome and Endowmfynts from: tkjnations and lryacies Inve8trnent Income 112,019 87 112,019 87 118,374 Totsl income 112,106 112106 118,375 Exp•ndltur• on: Charilabla activSUe8 176,587 76.587 119,9491 Total exponditure Nel Incomel{èxpendtturo1 Net movgment In fund$ R•eonclll•tlon of fund• Total funds bfought forward Total fund8 rri•d forward 76,58 76.587 119,949 35,519 35,519 1,574 35,519 35,519 11,574) 41,263 76.782 41.263 10 78,782 41,263 AJI of the charity's a¢tsvitJes derive from contlnuing op8ratrons during the above peTi¢>ts. The notes on pages 15 to 20 fomi an intégral part of these financial ¥talements. Page 12
Fountain of Peace Chlldren's Foundation UK (Reglstrntion number: 05801510) Balance Sheet as at 31 May 2023 2023 2022 Curr•nt a880t• Cash at bank and in hand 78.048 42,523 Crodltors: Amounts falling du• withln one y•4r N•t •88•ts 1,264 1,260 76.782 41,263 Fund# of tho chlrlty: Unrnstrlet•d Incom• fund• Unrestricted funds 76,782 41,283 41.283 Tot•1 fund8 10 For the financial year endlng 31 May 2023 the charity was entitl&J to Oxomption frcm audit under section 477 of the Companies Act 2006 relating to small companies. Directors. respongibilities.. The m¢mbgr8 hav• not rèquired the ¢har¢ty lo obtaln an audlt of It8 accounts for tho y•ar in qU88tfon In accordance with 8eGllon 476.. and The dlreclors ackn¢)wl•dge thoir r8spon$ibilities for complying tho requirements of lh& Act with respect lo accountin9 records and the preparatlon of accounts. ho financia 10Juty2 stat0n1$ on pages 12 10 20 were approved by the trustees. and aulhori8od for i88UO 3 and signed on thfjir behalf by. Dr Andrew Tr Shepherd The not&$ on pego$ 15 to 20 fomi an integral part of these finanaal statements. Paga 13
Fountain of Peace Children's Foundation UK Statement of Cash Flows for the Year Ended 31 May 2023 2023 2022 Ca8h Ilows from owratlng a1VItIes Net cash Incomo1(expendltum) Adjustmonts to ¢ash flows from nonryca8h item6 Investsnant incomg 35,519 11,574) 87 35,432 (1,575) Worklng capltal adJu8tm#nts Increaselldecreasel in credltors Net flcws from opgrallng 8ctiwtie8 Ca8h flow• from Inv••tlng 4ctlvStlo• Interest recdvable and 8lmllar Income Net increasel(docreaso1 in Ga6h and cogh equiv818nts C88h and c88h equivalent8 at 1 Jun• Cash and cash ¢qulvalan18 at 31 May 35,436 (1,587) 87 35.523 11,588> 44,109 42,523 78,048 42,523 l of the cash flow8 are derfv8d from eontlnulng operatlon¥ durfng the above two periods. The n¢)tes on pages 15 to 20 fomi an intggral part of these financlal statements. P&J& 14
Fountsln of Peace Children's Foundation UK Notss to the Financlal Statsments for the Year Ended 31 May 2023 1 Chaiity 8latu8 The cherity is limited by guarantse, inGorporaled in England and Wales. and consequenuy doe8 not have share Gapital. Each of the tnJst69s is liablo to contrtbute an gmount not exceè(Ilng £1 towardg the assets of the charity In th8 event of liquidation. The address of its regisl8red offic8 is.. 2 Widmore Cpttages A8herfdge Chesh8m Bucks HP5 2UY The8a financ1818latements wer• authorised for issue by the truste88 on 10 Juty 2023. 2 A¢¢ounting pollcl Summary of ¥lgnffio•nt a¢¢ourtlng poll¢lM and k•y •ccountlng Mtlmat•• The principal accounting policies applied in the preparation of these financial sl8lements ar0 Set out below. These policies have bgen ConslenlY appligd to all the year¥ pre8enlad. unlo8$ Othenvisfj 8l•led. Statthient of eompllan¢• The financi81 gtatemenls ha b••n prepared Sn accordaneg wrth A¢¢ounts'ng and Reporting by Ch•ritSos'. Statement of Recommended Practice {applic8bla to cherill8s preparing Ihelr 8ccounls in 8¢cordance with the Fin8ncial Reporting Standard applible in Ihg UK and Republic of Ireland IFRS 10211 Iisgued in October 2019) - (Charitie8 SORP IFRS 1021), the Financial RewrtTng Stsndard applicable in the UK and Republ of Iroland {FRS 102) and th? Comp•nle• Act 2006. B•sl• of pr•par•tion Fountain of Poac8 Chlldren's Foundatlon UK mgets the dgfinilion of 8 publlc beneflt anlrty undor FRS 102. A8sets and Ilabililies aro initialty recogn188d at hlslorlcal efjJ8t or tr•n$actlon value unl olherwF6e stated In tha relevant accounting policy nolgs. Golng concorn The truslegs consKler thet thero are no matenal uncertainties about the charitys abilty to continue as a going concem nor any $rgnrficanl argas of un¢ertointy that £ffoGt the carrying valuo of a58els held by the ¢harty. Income and endowm•nts All income is reco9nised onc8 the eh8rfty has onlltlemenl lo the income, 5t 18 probable that tho Income 11 be recerved and the amount of the Income recejvable can be measured relkabty. Page 15
Fountain of Peace Children's Foundation UK Notes to the Flnanclal Stataments for the Year Ended 31 May 2023 l)on•dons and leg•cl•s Donallons are r8cogni88d the charity ha8 been noltfied in writing of both th8 amount and 5ettfement dale. In the event that 8 donation is subject lo condtlions that require 8 level of perfomance by the charity before the charity 18 entiued lo the fvnds. the income i¥ deferred and not recognised until either thos8 G¢)ndib'on$ are fully met, or the fulfilmant of th08e ¢ondition$ Is wholly within thè control of the charity 8nd11 IB pr(tJable that these condilions wll ba bJifillgd In the reportiNJ period. Inv•sth7•nt Incom• Dlvldonds aro rects3nFsed on¢0 the divSdend has been declared and nollficion ha8 been r8celved of tho dMder due. Exp•ndftur• All exp$ndibJro is recognised once ther8 18 a 18g&l or constructive obligglion to th81 exFenditure, It is probable sattlemenl is required and the amount can be measLFrod reliably. All costs #re allocalod to the appIlble expenditure headlng thèt aggregalo 8lmllar ¢o$l$ to Ihal ¢81egory. Where ¢o¥16 cannot be dlredy 8ttrfbuled to p8rti¢utar hèadings Ihay have been Bllocaled on a ba$is consislont with th us8 of resources, with cgntral staff costs allocated on the basis of ts'me $pent, and depreciation arg08 allocated on Ihe portion of the asset's use. Other support C18 are gllocat&J bAsed on the 8proad of 81aff cots. Chorftablo aotlvltlas Charitabl• expgndilurg ¢omprigw th090 costs Incurred by th• charity in the deliv8ry of 118 actlviti88 and 8eN¢88 for 118 benefi¢iarfe8. 11 Include8 both C08ts that can be allocated dlrecdy to such actMtle8 and those co&ls of an indirect nature neces$ary to support them. 8upport co8t• Support C081s include Ggntral functlong and havg been allocated to aCtIty cost cetègorles on 8 b8#ig consistent with the use of resour¢es, for example. allocating propgty costs by Il¢X)r area8, or per c8pila, 8taff ¢08ts by th• time $pgnt and ¢)thor co8t8 by thelr usage. Taxatlon The Gharity IJ Gon8klored to pass the tests sel out In Paragraph 1 Schedule 6 of th8 Finan¢0 A¢t 2010 8nd Iherofore It meets tho definition of a charllable ¢ompany lor UK ¢orporallDn tax purp0888. Accordingty. tho thanty is potentialty exempt from tsxation In respect of income or capital gains recéN8d tegOrieS covered by Chapter 3 Part 11 of the Corporatson T8x Act 2010 or Sgth'on 25e of the Taxation of Charggable Gains Act 1992, to the extgnl that euth income or gains 8rn applled •xclu8ively to charltsble purpo8e8. Cash and ¢h gqufvalgnts Cash and c88h equNalents comprisg ush on hand and rAII depo8h8. and other 8hort-teNn highly IIqLtid investments that gre ieadity convertible to 8 known amount of c88h and arg subject to an insignnlcant rrsk of change in value. Fund 8truetur• Unr@stricted income funds are general funds that are av8llable for use at the trustees discretion in furtheranco ofthe otyectives of the tharity. Page 16
Fountaln of Peace Children's Foundatlon UK Notes to the Flnanclal Staternents for the Year Ended 31 May 2023 3 Incomè from donatlon$ and1•gacl•8 Unrostrlctod funds Genernl Total 2023 Don81ions and legacie8', Gfft aid reclaimed Regular giving and capital donotio 10,421 101.598 112,019 10,421 101,598 112,019 Unrn3trict•d fund¥ General Total 2022 Donatlons and leg8cig5-, Gift ald reclaimed Ragular giving 8nd capltal dortalions 9.399 108.975 9,39 108,975 118 374 118374 4 Inv6*tm•nt incom• Unr••trt¢t•d fund8 Genernl Total 2023 Intsrfjst rorgivablg an¢J 81mll8r Incomo,. Interest rKelvable on bank depo$lts 87 87 87 87 Unr48triot•d fund• Gonoral Tot•1 2022 Interest recefvable and similar income.. Interest ieceiv8bl& on bank dgPOSits Page 17
Fountain of Peace Chlldren's Foundation UK Notes to the Flnanclal Statements for the Year Ended 31 May 2023 5 Expendtture on charltable actlviths Unrgstrfct•d funds G•n•rnl Total 2023 Not• Charitablo acts'viues Allocatéd support C08ts 74,201 2,386 76.587 74.201 76,587 Unr•8trlet•d fund• Gèn•ral Tot•1 2022 Note Ch8ritabla 8clivlU Jloe8ted support costs 118,304 1.645 118,304 119,949 119949 A¢tfv undert•k•n dlroctly A¢tlvlty •upport ¢08ts 2023 Charitsble actMlle8 Govgman¢g costs 74,201 74,201 2.386 76.587 2,386 2,386 A¢tfv •upport co•ts A¢tlvlty undertaken dlr•ctly 2022 CharItala 8¢tlvkies Governance costs 118.304 118,304 1,644 118.304 1.644 119,948 Page 18
Fountain of Peace Children's Foundation UK Notes to the Flnanclal Stat6menis for tha Year Endod 31 May 2023 6 Tru•t••8 rfrmun•rntlon and èxp•n••• No tru$te8s, nor any p8r80n¥ conn¢cted wtbl them. have recelved any remuneratlon frc¥n the Charity during the year. 7 Taxatlon The charty 18 a register8d charity and 1$ therefore exempt from tsx8t. 8 Ca•h and •qulval•nts 2023 2022 C08h al bank 78,¢)4e 42,623 9 Cr•dltorn: amount• f•lllng du• wtthln on• y••r 2023 2022 A¢¢rnaf8 10 Fund• Balance at 1 Juno 2022 Incoming ourc•• Rosourco9 •xpend•d B•l•nc• at 31 May 2023 Unr•Jtrktod funds Genoral 112 108 76.587 8alane• at 1 June 2021 In¢omlng ourc RMouree• •xp•Trdod B#l•nce at 31 May 2022 Unr•Btrlcl•d fvnd• General 42,837 118375 119,949 Page 19
Fountain of PeaGe Children's Foundatlon UK Notag to the Flnanclal Statsments for the Year Ended 31 May 2023 11 AnAly81• of n•t a8••ts betwthn fundi UDrMtrlctgd fund8 G•n•ral Tolal funds at 31 May 2023 Current assets Current li8bilitig8 78,046 1.264 78.046 Tol•l nel a$8618 76,782 76,782 Unr•strfctod fund8 Gen•rnl Total fund• •t 31 May 2022 Current assets Current Ilabllilles 42,523 1.260 42,523 1,260 Totsl net assets 41.263 Page 20