Company gIstratIon number.. 05801510 Charity registration number: 1117909 Fountain of Peace Children's Foundation UK (A company limited by guarantee) Annual Report atKI Financial Statements for the Year Ended 31 May 2024
Fountain of Peace Children's Foundatlon UK Contents TNstees' Report 1 to11 Independent Examinetrs Report 12 Ststement of Flnancial Activities 13 Balance Sheet 14 Statement of Cash Flows 15 Notes to the Finanoal Statements 16to21
Fountain of Peace Chlldren's Foundatlon UK Trustses, Report The Trustees, who are also directors of the charity for Ihe purposes of the Companies Acl 2006. present their report with the finanGial statements of the charity for the year ended 31 May 2024. The trustees have adopted Ihe 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). Reference and administrative details Registered charity name Fountain of Peace Children's Four)Jation UK Charity registration numbgr 1117909 Company registration numbor 05801510 Princlpal offlce and registered office 2 Widmore Cottages Asheridge Chesham Buckinghamshire HP5 2UY The trustees Mrs S Williams Dr A.D. Shepherd Mrs A. Basabe Mrs M. Shepherd Mrs K Shamia Ms S Dodd Mr P Amboule- resigned 15th March 2024 Mr N.V. Cooper - appointed 17th November 2023 Ms R Cross- appointed 22nd June 2024 Ms S Mclntyre - appointed 11 th December 2023 Company secretary Mrs M. Shepherd Independent examlner Mark A Jordan Jordan & Company Knighton House 62 Hagley Road stourbridge West Midlands DY8 1QD Page 1
Fountain of Peace Children's Foundatlon UK Trustees. Report Governing documant Fountain of Peace Children's Foundation UK (FOP UK), hereafter known as the charity, is a company Limited by Guarantee. governed by its Articles of Association, adopted by Special Resolution on 27th March 2024. It is registered as a charity with the Charty Cornrnission (England and Wales) and very renItY also in Scotland. Membership of the company is by approval of the trustees. In the event of winding up each member has agreed to contribute £1. Objects The aim of the charity is to make a difference. now and in the future, by generating hope and transf0Mtion in the lives of abandoned andlor orphaned babies and children in the Kyenjojo District of Westem Uganda, in particular, a Babies. Home to benefit and serve these children has been built with a capacity of 42 infanls. We now possess nine family units, each unit accommodating a family of up to eight children, from three >Ears of age onwards, along with a hDuse mother and nanny. The statsd Objects of the charity are: to advan the Christian Faith. the lief of poverty and sickn8ss and the distress caused thergby among children in Africa and such parts of the world as the Trustees may from time to time think frt including, but not by way of Ilmitstion, through the provision of orphanages and homes for abandoned children and such other charitsble activities as the Trustees shall detemiine from time to time,. to advance education for the benefit of children disadvantaged or marginalised by reason of their economic or geographical drcumstances In such parts of the worfd as the Trustees may from time to time think fit, including, but not by way of limltallon, the provision of sponsorship programrnes; and the provision of facilities for the benefft of such local communities in Africa and the wortd whlch facilities may without limitation include the provision of child care services and meetings, lectures and classes and other forms of education, recreation and leisure time occupation, without distinction of race. sex. political, religious or other opinion and with the object of improving the condilions of life for the said inhabitants as the Trustees may from time to time in their discretion determine. Structure, govemance and management Related parties A sirnilarly-named charitable company Fountain of Peace Children's Foundation UG (FOP UG) is incorporaled in Uganda, number 92703. and is Umlted by Guarantee. Funds raised In the UK are granted to the Ugandan charity. which in turn oversees Ihe operational aspects of the developmenL as implementing partner. FOP UK and its related Ugandan partner have discrete Articles of Association though their business plans and strategy are broadly aligned. Likewise. a charitable company. registered with the New Zealand Charities Commission (CC number 48465). with whom FOP UK works closely. provides funds for the same purposes as FOP UK in making grants to FOP UG. A Memorandum of Understanding (MOU), signed by all three parties, is in place. Organlsatlon The Board of Trustees administers the charity. The Board meets three times per annum. All aspects of the UK Charity are considered, principalty in line with the operational function of FOP UG, who issue quarterly manag8ment and financial reports, in line with their future planning policies. P8g8 2
Fountaln of Peace Chlldren's Foundatlon UK Trustses. Report Recrultment and appointment of new trustees The Board consists of voluntary Irustees who are all practising Christians. Prospective new trustees are Invited to join the Board by existing trustees through the recruitment process. which follows Charity Commission guidelines, in making sure there is an appropriate range of skills, knowledge and experience amongst its members. Board member5 have statutory responsibilities but they receive no remuneration. They also attend briefings and training courses as appropriate. Changes to Board membership over the course of the lasl 12 tnonths have seen one member depart and three new metnbers added. Existing members approach suitable candidates who are invited to attend a Trustee meeting. initially as an observer. before being formally invited to join the Board following references and other relevant checks including an enhanced child protection police check (DBS). New trustees are given an induclion pack which includes all relevant constitutional documents. a brief history of FOP UK, governance and any other information relevant to the work of the charity. All members receive a regular copy of the 'Governance & Leadership" magazine in order to keep them up to date with their role and responsibililies and are also directed to read the Charity Commission's Governance code. Audlt Three Irustees visited Uganda in Apr 2024 to undertak8 an audit Msit to 8nsure that FOP UK complies with appropriate plans, policies and processes for the ben8fit of the children, staff and the community around FOP UG and implement controls to minimise risks. The audit covered the following areas: Operational: includlng revlew of strategy, significant event audits. pollcles in place, sustalrrdbility and maintenance of key assets • Financial: including revlew of long tenn financlal plan, annu81 budget, transparency and clarity on expenditure including inspectlon of UK funded capltsl projects, robust and safe accounting procedures in place. and prevention of fraud and brlbery Safeg{rdIng As a tharity whose primary objective is to fund the provision of care for the most vulnerable children overseas it is incumbent upon the UK trustees to ensure that they, as well as all those who work within or otherwise visit the project, are required to undergo regular safeguarding training. All volunteers who go to the project to assist are required to have an enhanced DBS check to accompany their application to travel. The charity is registered with an approved UK Safeguarding agency to advise on these matter5. and also to give ongoing training to the Board. Ri$k management The charityls exposure to risk is constantly kepl under reviww and 'Risk Management, remains a priority that is reflected in the organisation's attitude and practice towards good governance. A written policy for risk management is in place and is rebiewed by the Board on an annual basis. The risk register Identifies rlsks likely to affect the charitys ability to meet its aims and objectives in areas of Governance and Management. Financial and Legal, Operational and any other extemal factors. Systems and pollcies are in place to reduce or mitigate any risk and these are monitored regularly and appropriate actlons taken rf required. Page 3
Fountain of Peace Children's Foundation UK Trustees. Report Othw Written Policies In accord with the charitys approach to good govemance Ihere are also written policies in place (see below) which are reviewed on a regular basis as shown. The charity is registered vth the Fundraising Regulator. Llst of pollcles: The review dates for FOP UK policies are either annual or every two or three years. The review dates for the policies which are to be reviewed every three years have been staggered to ensure an even split of the number of policies to be reviewed each year. Policy narne Implementation Last review Frequency of Next review date review date Anti-Fraud Policy 2010112020 1711112023 Ev8ry 3 years November 2026 Code of Conduct for Board Trustees 0110812017 1111112022 Every 3 years November 2025 Complaints policy 2810912017 1711112023 Every 3 years November 2026 November 2025 Conflicts of Interest policy 2810912017 1111112022 Every 3 years Finance Pollcy (W1112020 2110712023 Annual July 2024 November 2026 Manual Handling policy January 2019 1711112023 Every 3 years Privacy policy 0410712018 1111112022 Every 3 years November 2025 Recruitment and Induclion of new Trustees November 2024 0110812017 1911112021 Every 3 year5 Risk Regisler Safeguarding Children & Young 1111012017 People policy Social Media Policy 2810912017 1711112023 Annual July 2024 2110712023 Annual July 2024 1711112023 1711112023 Annual July 2024 November 2024 Succession Policy 0611112020 1911112021 Every 3 years Tralnhg Policy 0611112020 1911112021 Every 3 years November 2024 Volunteers policy 2810912017 1610412024 Every 2 years July 2026 Page 4
Fountain of Peace Chlldren's Foundation UK Trustees. Report Achievements and perforniance As per kst year, we can report that we continue to operate from a solid financial base whith. along with the loyalty of our donors, has allowed us to fulfil all our obligations without diminishing our ability to make additional funding available for capital expenditure project5 etc. In addition, we can report that our regutar donor base has increased by approximately 12Vo in the reporbng year. As ahvays we aim to fund our operating expenses from gift aid reimbursernent,. The Directors are pleased to report that gift aid has covered 940A of our total administrative expenditure for th8 yèar. The Directors are particularly thankful for the increasing general interest in the work of the charity, not only in a practical andlor financial way but also giving widespread prayerful 8UPPOrt for the work. The Directors hav8 jointly determined that. alongside the core purpose of the charity. both the development of our sustainability programme and the building up of the educational facilily al the Rwenjaza Hillside School (RHS) (which also serves Ihe local community) should play a significant role in their planning over the next decade. A substsntial amount of our C8P8X tunding has therefore continued to focus on these aspects of the future of FOP Uganda. The total funding grants made. for charitsble activities, to support the work of FOP UG from June 2023 to May 2024 was £91,822. The breakdown of these ndS indudes the followi. • £6,561 Famihouse completion plus repair to severe stomi damage £10.489 Family home18BH refurbishments and replacement of all beds £4,857 Repair of earthquake damage trj RHS roofing £5,081 Building conversion into post harvest storage centre £4,392 50Vo share for road regrading from the maln road to the FOP school £49.799 was paid by way of our regular commitment to Ihe FOP project in Kyenjojo INCOME 2019-2024 SI.037 £J22,862 £118.37S f103J40 2312A Page 5
Fountaln of Peace Children's Foundatlon UK Trustees. Report It will be noted that there is a significant increase in income ov8r th8 year 2023124. This Is explalned by increased volunteer trip income and also by glving to Ihe Molhers Matter in Childbirth prciect which is a new venture. l Juftp. 2023 to 31 MAY 21 TOTAL US6.262 Page 6
Fountaln of Peac8 Chlldren's Foundatlon UK Trustees. Report Rwenlaza Hlllsld• Nursary and Prlmary S¢hool In line with the purposes of Fountain of Peace the development of Rwenjaza Hillside School {RHS) is of paramount importance. Approximately 250 children are Currently registered with the schc providing education to FOP children and those of the local comrnunity. Th8 longer tenn provision of secondary and vocational education is being actively pursued. The charity continues to take responsibility for covering teachers holiday pay. Severe earthquak8 damage to some classroom r(y)ts was sustained in the autumn of 2023 for which we were able to fund full repair. Sustainablllty The trustees, along with our FOP partners, continue to actively devolop 8 medium-long tem sustainability strategy in line with our overall policy of self-suffici8ncy at the earliest date possible. Rècent construction of a new farmhouse along wilh housing for a r8c8ndy acquired tractor with associated machinery. as well as a storage facilty for crops. is a vital asset in maintaining this policy. Fd security and Sustainability is implemented under the Enterprise arm of the FOP UG Model launched in 2023. This entails assessment of nLrtritional needs, production planning, food productk)n, processing to storage, and subsequent distribution. The farmhouse in Mbale will go a long way to improve on storage and 81so enable basic processing of foodstuffs. In order to get the children familiar with handsthon partlclpatlon in the farms, there are deliberate engagements involving the mothers and their household memters in growing their own vegetables. and rearing free-range chlckens. The older children will be engaged in the farms also, to boost their understsnding of food production and processing once these are fully functional, ri" Page 7
Fountaln of Peace Children's Foundation UK Trustees. Report Board of Trustaas Continuing lUCatIon and safeguarding trainiThJ of all UK Trustees is considered mandatory through relevant training courses. Each trustee also receives regular bi-monthly copies of 'Govemance & Leadership, rnagazine. Volunteers and supportors The trustees of the charity and our irnplementing pather FOP UG. ovrfe a massive debt of gratitude to our volunteers and supporters. Their dedication and commitrnent provides both organisations with a scAid foundation that enables our UK fundraising events and activities to be undertaken and the irnplementation of the projects to be achieved. To ensu that our volunteers are supported and recognised we will continue to refine our Volunteer Policy,, both In the United Kingdom and Uganda. R•serves poIIcy The charity regularty reviews its 'Reserves polity which currenlly guarantees a sum of £25,000 equating approximately to 6 months operating costs (induding teachers holiday pay for Uganda). This sum may vary from time to time. Perfomianco and Future Plan8 In plannir¥J for the future the trustees are actively seeking to 8dd furth8r new partnerships with Churches and Schools, in particu18r, in ord8r to dev81op fresh funding opportunities. We are also exploring innovatlve ideas to broad8n the horizons of our childcare and educational opportunities for the FOP children as they grow older. A perfod of financial consolidation will be required in 2024125 to revlew our requlrements for further planned expenditure In th8 Fountain of Peace village In Kyenjojo. We aim to ensure that our Christian bellefs are aw fundamental In the decision-rnaking of the Board. We seek. at all times, to work closely wlth our Ugandan colleagues in planning and exeouting the development of new build structures In Ihe FOP village. particularly In relatlon to the oryolng famity units and the school buildings. The two photographs below show some of the damage inflicted by a severe stomi and earthquake that both hit our area of Westem Uganda in mid September. Damage was caused to the n)of of the farmhouse which was still und8r construction. and the ceilings came down in Iwo of the nursery classrooms at the FOP UG school (Rwenjaza Hillsida). Page 8
Fountain of Peace Children's Foundation UK Trustees. Report We are so grateful to a most generous donor who gave the necessary funds to completely replace in all the homes th8 Old wooden beds, lch quickty deteriorate, with custom made steel beds and all new bedding and mattresses. We do thank God for how He always moves people to give freely where there is a need. Here are a few pictures of the new acquisitions. all of which are also fully kitted out with mosquito net5 for every bed individually. A group of supporters. who visited FOP in July 2023, took on the challenging 35 mile Gritslone Trail in Derbyshire during March 2024. In addition, one of our amazing advocates h61d her annual fundraising event in Poynton, Stockport. Funds raised at both events went towards the conversion of the cowshed to a food storage facility. As the farming capacity at FOP increases and we strive to become more self-sufficient. we need lo increase our capacity for food storage closer to the project. The picture below shows the commencement of the conversion into a post har*Rst storage centre. Pag8 9
Fountain of Peace Chlldren's Foundation UK Trustees. Report Publlc Beneflt statoment As a Board of Trustees we are cognizant of the Charity Commission's guidelines on public benefit and we confirn that we have given due regard to this guidance wilhin our report. We have shown In this Teport that we continually seek to fulfil the c(ffe objectives of the charity in the Articles of Association, In addition to improving relationships between UK and Uganda in moving forward wtth care and education for severely disadvantaged Ugandan chtldren. This has been facilitsted by partnerships with a number of UK based schools in an educational role, as well as increasiw involvement of church and other communiles. so enhancing UK-based inter-society relationships. Charity Govornance Code The Board of Trustees places particular emphasis on maintsining high standards of governance. We are fvlly committed to fulfilling the Charity Govemance Code and the Fundraising Regulator's Code of Practice as it applies to a charity the size of FOP. STATEMENT FTR TEES RESPON BILITIE The tru8te6s (who are also th8 directors of Fountsin of Peace Children's Foundation UK for the purp)ses of company law) are responsible for preparing the Report of the Trustees and the financi81 ststements in accordance with applicat)le law and United Kingdom Accounting Standar(Is (United Klngdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accountlng records which disclose, with reasonable accur8¢y, at any time the financial posltion of the charitable company and to enable them to ensure that the financial statgments comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitabl8 company and hence for taking reasonable steps for the prevention and detsction of fraud and other irregularities. Insofar as the trustees are aware: 1) there is no relevant audit information of which the companrfs auditors are unaware., and 2) the IDJstees have taken all steps incumbent upon them to make themselves aware of any levant audit infonnation and to estsblish that the auditors are awa of that infomiation. Financial review Restricted funds £nil. Restricted funds are funds received from grants, stakeholders or donor8 for future expendFture associated with specific projects or purposes. Unrestrlcted Funds The current level of unrestricted funds is £107,557. Small Company provislons This report has bgen prepared In accordance wilh the provisions applicable to companies entitled to the small compani85' exemption. Page 10
Fountain of Peace Children's Foundation UK Trustees. Report The annual report was approved by the trustees of the charity on 12 July 2024 and signed on its behalf by: Susan Dodd Twstee Marilyn Shepherd Company secretsry and trustse Pag8 11
Fountain of Peace Children's Foundation UK Independent Examiner's Report to the trustees of Fountain of Peace Children's Foundation UK (Ihe Company,) I report to the drIty trustees on my examination of the accounts of the Company for the year ended 31 May 2024. Responsibilltl8s and basls of report A5 the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requ1Ments of the Companies Act 2006 {'the 2006 Act'}. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out urKler section 145 of th8 Charities Act 2011 ('the 2011 ACY). In carying out my examination I have followed the Directions given by the Charity Commi&8ion under section 145(5)<b) of the 2011 Act. Independent examlner's statement I have completed my 8xamination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of Fountain of Peace Children's Foundation UK as required by section 386 of the 2006 Acl- c 2. the accounts do not accord wtth those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair view, which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities [appIable 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 concems and have come across no other matters in connection with the examination to whlch attention should be drawn in this retx)rt in order to enable a proper understandiro of the accounts to be reached. Mark A Jordan FCA Knighton House 62 Hagley Road Stourbridge West Midlands DY8 1QD 12 July 2024 Page 12
Fountain of Peace Chlldren's Foundation UK Statement of Financlal Activltles for the Year Ended 31 May 2024 (Including Income and Expenditure Account and Statement of Total Recognlsed Gains and Losses) Unrestrlctod funds Total 2024 Total 2023 Nole Income and Endowments from: Donations and legacies Investrnent income 186,408 629 186,408 629 112,019 87 Total income 187,037 187,037 112,106 Expendlture on.. Charitable actlvltles (156,262) {156,262 (76,587) Total exp8nditure Net income 156,262) (156,262) 76,587) 30,775 30,775 35,519 Net movement in funds 30,775 30,775 35,519 Reconciliation of funds Total funds brought forward Totsl funds carried forward 78.782 76.782 41,263 10 107,557 107,557 76,782 All of the charity's activitles derlve from continuing operations during the above two periods. The notes on pages 16 to 21 fom an integral part of these financial ststements. Page 13
Fountaln of Peace Chlldren's Foundatlon UK (Registration number: 05801510) Balance Sheet as at 31 May 2024 2024 2023 Note Curront assets Cash at bank and in hand 108,860 78,046 Credltoys.. Amounts falllng duo wlthln one y•ar Net assets (1,303) 107,557 (1.264) 76,782 Funds ofthe ¢harity: Unrestrlcted income funds Unrestrlcted funds 107,557 76,782 Total funds 10 107,557 76.782 For the financial year ending 31 May 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibiliti&s.' The members have not required th8 charity to obtain an audit of its accounts for the year in question in accordance with seclion 476; and The directors acknowledge their responsibilities for complyng with the requirements of the Act with respect to accounting records and the preparatlon of accounts. The financlal statements on pages 13 to 21 vRre approved by the trustees, and authorised for issue on 12 July 2024 and signed on their behalf by: £guda Susan Dodd Twstee The notes on pages 16 to 21 fomi an integral p8rt of these financial slatements. Page 14
Fountaln of Peace Chlldren's Foundation UK Statement of Cash Flows for the Year Ended 31 May 2024 2024 2023 Note Cash flows from operatlng a¢llvltles Net cash income 30.775 35.519 Adjustments to cash flows from nOnaSh items Investment income (629) 30,146 (87) 35,432 Working capltal adjustmènts Increase in creditors 39 Net cash flows from operating 8Ctrviti8S Cash flows from Investing activitles Inlerest receivable and similar income 30,185 35,436 629 87 Net increase in cash and cash equivalents Cash and cash equivalents at 1 June Cash and cash equivalents at 31 May 30,814 35,523 78,046 42,523 108.860 78,046 All of the cash flows are derived from continuing operations during the 8bove iwo periods. The notes on pages 16 to 21 fom an integr81 part of these financial slatements. Page 15
Fountaln of Peace Chlldren's Foundatlon UK Notes to the Financial Statements for the Year Ended 31 May 2024 I Charity statu8 The charity Is Ilmlted by guarantee. incorporated in England and Wal85, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The addres8 of its registered offlce 18.. 2 Widmore Cottages Asheridge Chesham Bucks HP5 2UY These financial statements were authorised for issue by the trustees on 12 July 2024. 2 Accountlng pollclos Summary of significant accountlng poll¢les and key accountlng estimate5 The prlncipal accounting policies applied in the preparalion of these financi81 statements are set out below. These policies have been consist8ntly applied to all the years presented, unless other4vise stated. ststement of complianG• The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practlce {appllcable to charmles preparlng thelr accounts in accordance with the Financial Reportlng Stsndard applicable In the UK and Republic of Ireland {FRS 102)) (issued in October 2019) - (Chartties SORP (FRS 102)), the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companles Act 200e. Basls of preparation Fountsin of Pe8oe Children's Foundation UK meets the definition of a public benefit enbty under FRS 102. Assets and liabiliti88 are initially recognised at historical cost or transaction value unless othenNise statsd in the relevant accounting policy notes. Golng concern The trustees consider that there are no material uncertainties about the charitys abiltty to continue as a going concem nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments l income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 16
Fountain of Peace Children's Foundatlon UK Notes to the Financial Statements for the Year Ended 31 May 2024 Donatlons and lagaclgs Donations are recognlsed when the charty has been notified in Writing of both the amount and s6ttlement date. In the event that a donation is subiect to conditions that require a level of performance by th? charity before the charity is entitled to the funds, the Income Is deferred and not recognised until either those conditions are fully mec or the fulfilment of those condltions is wholly within the control of the charity and it is probable that Ihase conditlons 11 be fulfilled In the reporting period. Investment Income Dividends are recognised once the dividend has been declared and notification has been received of the divKfend du8. Expendlture All expenditure is recognised oncg there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. Al costs are allocated to the applicable expenditure heading Ihat aggregate sirnijar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of t'me spent, and deprlation charges allocated on the portion of the a&%et's use. Other support costs are allocated based on the spread of staff costs. Charltable a¢tlvAtles Charitsble expenditure comprises those costs incUed by the charity in the delivery of its activiti8S and sepdices for its beneficiari88. It includes both costs that can be allocated directly to such activities and those costs of an indirect n8tur8 n8cessary to supp)rt them. Support CO8ts Support costs include central functions and have been allocated to actlvity cost categories on a basis consistent with the use of resources, for example. allocating property C08ts by floor areas. or per capita, staff costs by the time spent and other costs by their usage. Taxatlon The charlty Is consid8r8d to pass the tests sel out in P8ragraph 1 Schedu18 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charlty 18 Potentially exempt fr(Kn tsxation in respect of income or capital gains received within categorles Covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied excluslvely to charitable purposes. Cash and cash equivalents Cash and cash equlv81ents comprise cash on hand and call deposits, and other short-temi highly liquid investments that are readily convertible to a known amount of cash and are subiect to an insignificant rlsk of change In value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Page 17
Fountain of Peace Children's Foundatlon UK Notes to the Financial Statements for the Year Ended 31 May 2024 3 Incomo from donatlons and legacles Unrostrlcted funds General Total 2024 Donations and18gacies: Gift aid reclaimed Regular giving and capital donations 13.258 173.150 13.258 173.150 186.408 186,408 Unrestricted funds General Total 2023 Donations and legacies,. Gift aid reclaimed Regular giving and capital donations 10,421 101,598 112,019 10,421 101,598 112,019 4 Inv881ment InGome Unrestrictad funds General Total 2024 Intsrest re1vable and Similar income" Interest receivable on bank deposits 629 629 629 629 Unrestrict•d funds Goneral Total 2023 Interest roceivable and similar income; Interest receivable on bank deposits 87 87 87 87 Page 18
Fountain of Peace Children's Foundation UK Notes to the Financial Statements for the Year Ended 31 May 2024 5 Expenditure on charitable actlvities Unreslrlcted funds General Total 2024 Note Charitable activities Ajlocated support costs 150,737 5,525 156,262 150,737 5.525 156,262 Unrestricted funds General Total 2023 Charitable activlt18S Allocated SUPFJOrt costs 74.201 2,386 76,587 74,201 2.386 76,587 Actlvlty undertaken dlrectly Activtty support costs 2024 Charitable activiti98 Govemance costs 150,737 150,737 5,525 156,262 5,525 5,525 AGtivity support costs 150.737 Actlvlty undertaken dlrectly 2023 Charitable activities Governance costs 74,201 74.201 2,386 2,386 2,386 74,201 76,587 Page 19
Fountain of Peace Chlldren's Foundatlon UK Notes to the Financial Statements for the Year Ended 31 May 2024 6 Trusts•8 remuneratlon and oxpensos No trustees, nor any persons connected wilh them. have received any remuneration from the charity during the year. 7 Taxation The charty is a registered charity and Is therefe exempt from taxation. 8 Cash and cash equlvalents 2024 2023 Cash at bank 108,860 78.046 9 Creditor8: amounts falllng due withln one year 2024 2023 Accruals 1,303 1,264 10 Funds Balance at 1 June 2023 Incomlng resourcas Resources expendod Balance at 31 May 2024 Unrèstrlcted funds General 76,782 187,037 156,262) 107,557 Balan at 1 June 2022 Incomlng rnsourcas Resources expended Balance at 31 May 2023 unrestrict funds General 41.263 112,106 76.587 76.782 Page 20
Fountain of Peace Chlldren's Foundation UK Notes to the Financial Statements for the Year Ended 31 May 2024 11 Analysis of net assets botweon fund6 Unrestricted funds General Total funds at 31 May 2024 Current assets Current liabilities 108,860 (1,303) 107,557 108,860 (1,303) 107,557 Total net assets Unrestricted funds General Total funds at 31 May 2023 Current assets Current liabilitigs 78.046 1.264 78.046 1.264 Total net assgts 76.782 76.782 Page 21
Fountsln of Peace Children's Foundatlon UK Detsiled Ststement of Financial Activities for the Year Ended 31 May 2024 Total 2024 Total 2023 Incomg and Endowments from: Donations and legacies (analysed below) Investment income (analysed below) Total income 186,408 629 112.019 87 187.037 112,106 Expenditurn on: Charitable activities (analysed below) Totsl expenditu Net income (156,262) 76,587 156,262 6,587) 35,519 30,775 Net rnovement in funds 30,775 35.519 Roconclllatlon of funds Totsl funds brought forward Total funds carried forward 76,782 41.263 107,557 78,782 This page does not form part of the ststuw financial statements. Page 22
Fountsln of Peace Children's Foundation UK Detailed Ststement of Financial Activities for the Year Ended 31 May 2024 Total 2024 Total 2023 Donations and legaclas Donations Gift Aid tax reclaimed 173,150 13.258 101.598 10,421 186.408 112,019 Investment income Bank interest receivable 629 87 629 87 Charitable activities Insurance Office expenses Travel and subsistence Saving mothers giving life Compassion UK sponsor a child Donations to FOP Uganda Advertising Accountancy fees Professlonal fees Trustee transil'on tr8inlng (528) (4.083) (36,429) (13,177) (515) (91.622> (4,383) {1,200) (4,138) (187 (497) (4,139) (2,996) (940) (416) (60,856} (4,357) (1,200) (952) 234 156,262 76,587) This page does not fom part of the ststutory ftnancial statements. Page 23