2023-02-28-accounts - Football For Peace Foundation

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REGISTERED COMPANY NUMBER: 07958677 (England and Wales) REGISTERED CHARITY NUMBER: 1146442

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

FOOTBALL FOR PEACE FOUNDATION

Versa Accountants Ltd Chartered Certified Accountants Unit 2 99-101 Kingsland Road London E2 8AG

FOOTBALL FOR PEACE FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

		Page
Report of the Trustees	1	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet	7	to	8
Notes to the Financial Statements	9	to	15

FOOTBALL FOR PEACE FOUNDATION (REGISTERED NUMBER: 07958677)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

We aim to build sustainable initiatives to support global communities through our goals. We bring peace and prosperity by implementing advocacy and peace-building approaches around issues of inequalities, water sustainability, well-being, environmental degradation, and education. Our initiatives meet our pledge to the UN Sustainable Development Goals. It's a consistent part of our mission statement and at the heart of our goals and causes.

Objectives:

Our objectives are set to reflect our community aims. Each year our trustees review our objectives and activities to ensure continued support to those projects in our focus areas. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit
The Charity will seek to work in partnership to shape, design and deliver a range of safe, educational and exciting projects in the UK and abroad
To provide opportunities for young people and communities to participate in learning programmes and actions, which contribute to our focus areas and will enhance educational achievement and more resilient communities.
To work in partnership with key public, private and voluntary sector partners to deliver high quality provision

Aims:

-Challenge - Focus on personal and social development using football as a tool to up skill young people and communities and challenge behaviours and attitudes

-Connect - We aim to connect people, from individuals to communities to nations, and support them to utilize the unique power of football to positively contribute to local and global challenges

-Educate - We aim to educate people, about each other, sustainability, life skills and about how football can be a force for peace and a catalyst for lasting change.

Project Aims:

Build sustainable initiatives to support some of the most problem-stricken places in the world through our goals and causes
Use the power of football to educate, empower and connect young people from diverse backgrounds, creating dialogue and together championing their efforts to contribute to their community
Empower young people to be ambassadors of change within their own communities, acting as leaders and peer influencers to support their local challenges

Public benefit

The charity supports a wide range of sporting, educational and social inclusion activities in furtherance of its charitable objects. The activities supported by the Foundation provide benefit to a wide selection of the community both in the UK and abroad, children and people of all ages, abilities and both sexes are eligible to participate.

The trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the commission.

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FOOTBALL FOR PEACE FOUNDATION (REGISTERED NUMBER: 07958677)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

ACHIEVEMENT AND PERFORMANCE

Charitable activities

City for Peace

Cities for Peace Young Ambassador Training is a local community initiative that uses football to connect young people from different faiths, cultures and backgrounds and get them to communicate, play together and learn to confront stereotypes and better understand one another.
We work with local experts to identify communities where misunderstanding is causing division. Using the advice of councils, clubs & schools, we select 12-18 year olds to become "Youth Ambassadors". We run bespoke training workshops to teach them football diplomacy & life skills. With the support of our local ambassador coordinators, our Youth Ambassadors run football tournaments to bring young people together in their local areas.
Drawing on expertise within the local areas we visit, Football for Peace works to identify communities, both at home and abroad, to take part in the programme. Schools and Community Groups are asked to identify students they believe would benefit the most from being involved with our workshops. Those chosen go on to become our 'Football for Peace Ambassadors'. The students undergo a number of courses designed to equip them with not only the skills and understanding they'll need to become a Football for Peace Ambassador, but more importantly, the life skills for the future.

Peace Matches

One-off football matches held around the world to raise awareness of football diplomacy and promote a message of peace.
We identify divided global communities, and work to bring them together in a neutral environment to play a special football match. We also invite international dignitaries, royalty and footballers to attend or play in the match. The two (or more) communities are integrated into one team so that they use football to as a starting point to working together. They play against our Footballers for Peace team.
Although a single Peace Match won't change things alone, it can be the start of the kind of change that makes the difference to young lives and how they see their world.

Fundraising activities

Due to the Coronavirus pandemic the charity has been unable to hold any fundraising activities as of the lockdown measures. This has hindered the charity's ability to raise money via sales of tickets to events, fundraising auctions and donations.

FINANCIAL REVIEW

Financial position

The total charitable income for the period to 28 February 2023 was £256,524.80, a considerable increase from the previous year, due to recovering from the pandemic.

Due to this influx of income, football for peace has been able to start new charity projects and growing the charity projects already currently existing. Total charity resources expended for the year were £205,167.69.

The charity can therefore report a net increase in funds of £51,357.11 for the period ended year; increasing the Total Funds available for future projects to £186,479.56.

Reserves policy

The management committee operates a system of general funds to cover the core running costs of the charity, and restricted funds to cover the costs associated with particular activities and projects.

At the regular trustees meetings funding budgets are agreed to meet the programme of future events and activities to ensure that the charity can meet its objectives while still retaining surplus funds to meet it ongoing needs.

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FOOTBALL FOR PEACE FOUNDATION (REGISTERED NUMBER: 07958677)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

FUTURE PLANS

The charity will continue to promote its work and ideals both in the public and private sectors.

The charity will continue to identify areas where the City for Peace project can create a positive impact in the region. The aim is to deliver 3 City for Peace projects across the UK and 2 International City for Peace projects in the next year. We aim to build on our City for Peace projects in London, Luton and Birmingham and aim to develop projects in Manchester and Liverpool in the coming year.

We aim to deliver a Peace Match in the UK following the increases in community tension and marginalisation that events have caused over the past 24 months. It will be a Peace Match to highlight unity with key figures, footballers and communities coming together to showcase community resilience.

We aim to hold another fundraising Peace Ball to generate funds to deliver our City for Peace projects in the UK.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

As set out in Articles 29 to 37 of the Articles of Association a person is only eligible to act as a trustee if they have been proposed by a trustee and it has then been passed by an ordinary resolution of the members or alternatively by the board of trustees to appoint that person as a trustee.

Organisational structure

The board of trustees is not subject to a maximum number of trustees but there must always be a minimum of three trustees. The board meets regularly to discuss development, membership, and finance. To facilitate effective operations and the delivery of projects in furtherance of the charitable objectives.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07958677 (England and Wales)

Registered Charity number

1146442

Registered office

35 Park Crescent Mews West London W1G 7ES

Trustees

Mr J S Matharu Trustee Ms E Sozeri Trustee Mr F A Randeree Trustee Mr L Saha Trustee Mr I Brooks Trustee

Company Secretary

Mr J McGilvray

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FOOTBALL FOR PEACE FOUNDATION (REGISTERED NUMBER: 07958677)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Versa Accountants Ltd Chartered Certified Accountants Unit 2 99-101 Kingsland Road London E2 8AG

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 5 February 2024 and signed on its behalf by:

Mr J S Matharu - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOOTBALL FOR PEACE FOUNDATION

Independent examiner's report to the trustees of Football for Peace Foundation ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2023.

Responsibilities and basis of report

As 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 requirements 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 under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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 true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Albie Turner

Versa Accountants Ltd Chartered Certified Accountants Unit 2 99-101 Kingsland Road London E2 8AG

5 February 2024

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FOOTBALL FOR PEACE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 76,642 EXPENDITURE ON Raising funds 2 - Charitable activities Project events 68,886 Total 68,886 NET INCOME/(EXPENDITURE) 7,756 RECONCILIATION OF FUNDS Total funds brought forward 135,122 TOTAL FUNDS CARRIED FORWARD 142,878	Restricted funds £ 179,880 - 136,279 136,279 43,601 - 43,601	2023 Total funds £ 256,522 - 205,165 205,165 51,357 135,122 186,479	2022 Total funds £ 124,116 3,207 186,776 189,983 (65,867) 200,989 135,122

The notes form part of these financial statements

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FOOTBALL FOR PEACE FOUNDATION (REGISTERED NUMBER: 07958677)

BALANCE SHEET 28 FEBRUARY 2023

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 331 Investments 8 200,000 200,331 CURRENT ASSETS Debtors 9 20,740 Cash at bank and in hand 39,522 60,262 CREDITORS Amounts falling due within one year 10 (80,592) NET CURRENT ASSETS (20,330) TOTAL ASSETS LESS CURRENT LIABILITIES 180,001 CREDITORS Amounts falling due after more than one year 11 (37,124) NET ASSETS 142,877 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - - - (3,180) 55,781 52,601 (8,999) 43,602 43,602 - 43,602	2023 Total funds £ 331 200,000 200,331 17,560 95,303 112,863 (89,591) 23,272 223,603 (37,124) 186,479 142,877 43,602 186,479	2022 Total funds £ 272 200,000 200,272 34,700 12,742 47,442 (65,194) (17,752) 182,520 (47,398) 135,122 135,122 - 135,122

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

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FOOTBALL FOR PEACE FOUNDATION (REGISTERED NUMBER: 07958677)

BALANCE SHEET - continued 28 FEBRUARY 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 5 February 2024 and were signed on its behalf by:

Mr J S Matharu - Trustee

The notes form part of these financial statements

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FOOTBALL FOR PEACE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

continued...

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FOOTBALL FOR PEACE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

2. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
	2023	2022
	£	£
Support costs	-	3,207
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
	2023	2022
	£	£
Depreciation - owned assets	83	68

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2023 nor for the year ended 28 February 2022.

5. STAFF COSTS

Wages and salaries The average monthly number of employees during the year was as follows: No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 79,116 EXPENDITURE ON Raising funds 3,207 Charitable activities Project events 150,816 Total 154,023 NET INCOME/(EXPENDITURE) (74,907) Transfers between funds 9,040	2023 £ 7,700 7,700 2023 Restricted funds £ 45,000 - 35,960 35,960 9,040 (9,040)	2022 £ - - 2022 Total funds £ 124,116 3,207 186,776 189,983 (65,867) -

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

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FOOTBALL FOR PEACE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
		Unrestricted	Restricted	Total
		funds	funds	funds
		£	£	£
	Net movement in funds	(65,867)	-	(65,867)
	RECONCILIATION OF FUNDS
	Total funds brought forward	200,989	-	200,989
	TOTAL FUNDS CARRIED FORWARD	135,122	-	135,122
7.	TANGIBLE FIXED ASSETS
				Fixtures
				and
				fittings
				£
	COST
	At 1 March 2022			1,026
	Additions			142
	At 28 February 2023			1,168
	DEPRECIATION
	At 1 March 2022			754
	Charge for year			83
	At 28 February 2023			837
	NET BOOK VALUE
	At 28 February 2023			331
	At 28 February 2022			272
8.	FIXED ASSET INVESTMENTS
				Unlisted
				investments
				£
	MARKET VALUE
	At 1 March 2022 and 28 February 2023			200,000
	NET BOOK VALUE
	At 28 February 2023			200,000
	At 28 February 2022			200,000
	There were no investment assets outside the UK.

continued...

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FOOTBALL FOR PEACE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other debtors 16,568 VAT 992 17,560 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Bank loans and overdrafts (see note 12) 51,654 Trade creditors 3,376 Social security and other taxes 28,083 Net wage control (560) VAT 2,133 Other creditors 4,905 89,591 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 £ Bank loans (see note 12) 37,124 12. LOANS An analysis of the maturity of loans is given below: 2023 £ Amounts falling due within one year on demand: Bank overdrafts 51,654 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 37,124	2022 £ 34,700 -
	34,700
	2022 £ - 12,490 28,083 - 1,734 22,887
	65,194
	2022 £ 47,398
	2022 £ -
	47,398

continued...

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FOOTBALL FOR PEACE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

13. MOVEMENT IN FUNDS

Unrestricted funds General fund Pakistan Qatar WC Stock x Restricted funds YPL Albania Mozambique RTE TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Pakistan Qatar WC Stock x Restricted funds Bradford Centre Nigeria YPL Project YPL Albania Maldives YPL Mozambique RTE TOTAL FUNDS	At 1.3.22 £ 135,122 - - - 135,122 - - - 135,122 Incoming resources £ 9,234 2,420 64,988 - 76,642 18,015 54,982 34,031 38,854 33,998 179,880 256,522	Net movement At in funds 28.2.23 £ £ (12,805) 122,317 (22,178) (22,178) 45,738 45,738 (3,000) (3,000) 7,755 142,877 22,295 22,295 21,307 21,307 43,602 43,602 51,357 186,479 Resources Movement expended in funds £ £ (22,039) (12,805) (24,598) (22,178) (19,250) 45,738 (3,000) (3,000) (68,887) 7,755 (18,015) - (54,982) - (11,736) 22,295 (38,854) - (12,691) 21,307 (136,278) 43,602 (205,165) 51,357

continued...

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FOOTBALL FOR PEACE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Restricted funds Bradford Centre TOTAL FUNDS	At 1.3.21 £ 200,989 - 200,989	Net movement in funds £ (74,907) 9,040 (65,867)	Transfers between funds £ 9,040 (9,040) -	At 28.2.22 £ 135,122 -
				135,122

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds Bradford Centre TOTAL FUNDS	Incoming resources £ 79,116 45,000 124,116	Resources Movement expended in funds £ £ (154,023) (74,907) (35,960) 9,040 (189,983) (65,867)	Resources Movement expended in funds £ £ (154,023) (74,907) (35,960) 9,040 (189,983) (65,867)
			(65,867)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Pakistan Qatar WC Stock x Restricted funds Bradford Centre YPL Albania Mozambique RTE TOTAL FUNDS	At 1.3.21 £ 200,989 - - - 200,989 - - - - 200,989	Net movement in funds £ (87,712) (22,178) 45,738 (3,000) (67,152) 9,040 22,295 21,307 52,642 (14,510)	Transfers between funds £ 9,040 - - - 9,040 (9,040) - - (9,040) -	At 28.2.23 £ 122,317 (22,178) 45,738 (3,000)
				142,877 - 22,295 21,307
				43,602
				186,479

continued...

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FOOTBALL FOR PEACE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Pakistan Qatar WC Stock x Restricted funds Bradford Centre Nigeria YPL Project YPL Albania Maldives YPL Mozambique RTE TOTAL FUNDS	Incoming resources £ 88,350 2,420 64,988 - 155,758 63,015 54,982 34,031 38,854 33,998 224,880 380,638	Resources Movement expended in funds £ £ (176,062) (87,712) (24,598) (22,178) (19,250) 45,738 (3,000) (3,000) (222,910) (67,152) (53,975) 9,040 (54,982) - (11,736) 22,295 (38,854) - (12,691) 21,307 (172,238) 52,642 (395,148) (14,510)

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2023.

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