The Annual Report of The London International Model United Nations Foundation
1 June 2021 – 31 May 2022
Registered Charity No. 1159324
London International Model United Nation Foundation
Table of Contents
Table of Contents ................................................................................................................................................................. 1 Administrative Details .......................................................................................................................................................... 2 Introduction .......................................................................................................................................................................... 3 Background, Objectives and Public Benefit ........................................................................................................................ 3 Key People ........................................................................................................................................................................... 4 Decision Making ............................................................................................................................................................ 6 Day-to-day Operations and Remuneration ..................................................................................................................... 6 Trustees .......................................................................................................................................................................... 6 Appointments ................................................................................................................................................................. 6 Achievement and Performance ............................................................................................................................................ 7 LIMUN: High School 2021 ........................................................................................................................................... 7 LIMUN 2022 ................................................................................................................................................................. 7 Outreach Work ............................................................................................................................................................... 7 Looking Ahead ..................................................................................................................................................................... 8 Planning ......................................................................................................................................................................... 8 Risk Management .......................................................................................................................................................... 8 Brexit ............................................................................................................................................................................. 8 Financial Review .................................................................................................................................................................. 8 Charitable Expenditure .................................................................................................................................................. 8 Investments .................................................................................................................................................................... 8 Reserves ......................................................................................................................................................................... 9 Statement of Trustees’ Responsibilities ............................................................................................................................. 10 Independent Examiner’s Report ......................................................................................................................................... 11 Statement of financial activities for the year ended 31 May 2022 ..................................................................................... 12 Balance Sheet as of 31 May 2022 ...................................................................................................................................... 13 Notes to the financial statements ........................................................................................................................................ 14
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www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
(Registered Charity Number 1159324)
Administrative Details
| Trustees | Afolabi Adekaiyaoja – Chair |
|---|---|
| Fariha Baba | |
| Denise Chau | |
| Meshaal Choudhary | |
| Muqaddam Malik | |
| Moniade Owoade | |
| Secretaries-General | Luna de la Llama (LIMUN 2022) |
| Colin Jun (LIMUN: HS 2021) | |
| Registered address | 29 Chester Road |
| London | |
| E17 7HP | |
| Bankers | CAF Bank Ltd |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Malling | |
| Kent | |
| ME19 4JQ | |
| Independent Examiner | Howard Lane FFA/FIPA |
2 www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Introduction
The trustees present their report along with the independently examined financial statements of the charity for the year ended 31 May 2022. The financial statements have been prepared per the accounting policies set out on page 9 and comply with the charity's constitution, the Charities Act 2011, and the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities 2015.
The LIMUN Foundation is a charitable organisation that promotes cultural empathy, understanding of international affairs and awareness of the United Nations among young people. By equipping youth with mediation, analytical and leadership skills while stressing cosmopolitan values and the interdependence of the modern world, we hope to foster future world leaders who will face global challenges with a spirit of international cooperation.
Currently, the LIMUN Foundation runs two programmes: our flagship annual conference in London, the largest university-level Model United Nations (“MUN” or “Model UN”) conference in Europe, and an annual secondary school conference, with a focus on opening access to MUN for those students who attend state/state-funded schools or are from under-represented communities. We also run additional support sessions for local schools.
LIMUN continues to engage with thousands of students worldwide, with thousands more engaging with the foundation and its programs. In addition, some former team members and attendees now work for international organisations, nongovernmental organisations, international development agencies, multinational corporations and other groups. Our current push, through LIMUN: High School, is to increase the number of students who ordinarily would not be able to attend our conferences. It is why we are prioritising sponsorship and partnerships in the coming years to enable us to reduce costs.
Background, Objectives and Public Benefit
LIMUN, first known as LoMUN (London Model United Nations) until 2002, held its first conference in 2000, having been conceived by a group of University of London (UoL) students who had attended a Model UN conference in 1999 in Cambridge. The aim was to organise an annual Model UN event in London, in conjunction with the other University of London colleges. The first conference in 2000 involved about 200 delegates over five committees. This has grown to around 1,500 delegates across over 30 committees since 2013.
The sixth edition of LIMUN High School (LIMUN: HS), a weekend conference aimed at secondary school students in the UK, was held in November 2021 and attracted 200 delegates from local schools. Successful representatives from this event were then invited to participate in the main LIMUN conference.
This is the sixth year of formal operation for the LIMUN Foundation entity after it was established to replace the former charity. The old charity’s assets, liabilities and activities were officially transferred into the current one in June 2015; this amounted to cash funds of £34,599.
The objective of the London International Model United Nations Foundation (LIMUN) is to advance the education of young people, in particular students at all levels of formal education, while looking at informal aspects as well as the work and role of the United Nations and international relations. We do this as well as by providing support and activities which develop their skills, capacities and capabilities to participate in society while demonstrating leadership. This objective is achieved through organising an annual conference in London simulating meetings of various organs of the United Nations. Participation in these Model United Nations (MUN) conferences enables delegates to develop their problem-solving and technical writing skills while enhancing their public speaking abilities. Furthermore, developing these skills is seen as a way to improve the employability of these participants.
The High School conference is crucial to expand our public benefit as it allows younger students to develop key skills. We also featured heavily discounted rates for students receiving free school meals to encourage broader participation.
In considering the operation, review of 2021/22 and performance of the charity, the trustees are satisfied that public benefit has been provided per the Charities Act 2011 and the guidance provided by the Charity Commission.
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www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Key People
Board of Trustees
Afolabi Adekaiyaoja (Chair) Fariha Baba Denise Chau Meshaal Choudhary Muqaddam Malik Moni Owoade Leonie Jarrett (resigned) Dijana Spasenoska (resigned)
LIMUN 2022 Secretariat
Luna de la Llama Secretary-General Savvas Marcou Deputy-Secretary-General (Internal Affairs) Siddarth Gajaria Deputy-Secretary-General (External Affairs) Joseph A. Pengelly Del Cerro Under-Secretary-General Academics Adila Hilmi Under-Secretary-General Applications Tala Karkanawi Under-Secretary-General Chairing Adam Fudala Under-Secretary-General Communications Jian Xingmin Under-Secretary-General Finance Sun Jia Ying Under-Secretary-General Logistics Anna Liebelt Under-Secretary-General Personnel
LIMUN: HS 2021 Secretariat
| LIMUN: HS 2021 Secretariat | |
|---|---|
| Byeongkyu ‘Colin’ Jun | - Secretary-General |
| Teodor Yankov | - Deputy Secretary-General |
| Daphney Ngounou | - Under-Secretary-General Applications |
| Terry Batnasan | - Under-Secretary-General Chairing |
| Jeyan Chung | - Under-Secretary-General Communications |
| Harsh Sinha | - Under-Secretary-General Finance |
| Xuan Zi Han | - Under-Secretary-General Logistics |
| Eshana Amarasinghe | - Under-Secretary-General Outreach |
| LIMUN 2022 Committees and Chairs | LIMUN 2022 Committees and Chairs |
|---|---|
| Barbara Krumpholz | - Chair, United Nations Development Programme |
| Joelle Tan | - Chair, United Nations Development Programme |
| Rafik Niftaliyev | - Chair, United Nations Development Programme |
| Colin (Byeongkyu) Jun | - Chair, International Monetary Fund |
| Aniruddha Gupta | - Chair, International Monetary Fund |
| Sebastian d’Huc | - Chair, Economic and Social Council |
| Asimina Antoniou | - Chair, Economic and Social Council |
| Joshua Gerald Butler | - Chair, Economic and Social Council |
| Kavya Shah | - Chair, World Intellectual Property Organisation |
| Tayma Tayfour | - Chair, World Intellectual Property Organisation |
| Razan Abdelrazeq | - Chair, World Intellectual Property Organisation |
| Philippe Lefevre | - Chair, Historical Security Council |
| Veronica Rondon Carrillo | - Chair, Historical Security Council |
| Yu Yun Tsou | - Chair, North Atlantic Treaty Organisation |
| Joaquin Magno | - Chair, North Atlantic Treaty Organisation |
| Terry Batnasan | - Chair, United Nations Security Council |
| Eric Bazail-Eimil | - Chair, United Nations Security Council |
| Yusif Suleymanov | - Chair, United Nations Security Council |
| Areti Barba | - Chair, World Health Organisation |
| Dimitra Kornezou | - Chair, World Health Organisation |
| Lauren Ruiz | - Chair, World Health Organisation |
| Annelies De Grave | - Chair, United Nations High Commissioner for Refugees (UNHCR) |
| Arantxa Infra | - Chair, United Nations High Commissioner for Refugees (UNHCR) |
| Thanadon Tantivit | - Chair, United Nations High Commissioner for Refugees (UNHCR) |
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www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
| Tridib Bhattacharya | - Chair, United Nations Children’s Fund |
|---|---|
| Gurshaan Sethi | - Chair, United Nations Children’s Fund |
| Anna Kalamata | - Chair, United Nations Educational, Scientific and Cultural Organisation |
| Ruveen Sansindu Abeysuriya | - Chair, United Nations Educational, Scientific and Cultural Organisation |
| Robin Huang | - Chair, African Union |
| Ipshita Das Gupta | - Chair, African Union |
| Despoina Moustaki | - Chair, African Union |
| Christie Yan | - Chair, European Council |
| Annabel Alder | - Chair, European Council |
| Anthony Rawstron | - Chair, European Council |
| Julia Barbosa Moreira Bastos | - Chair, Arab League |
| Ramsha Hashmi | - Chair, Arab League |
| Wynsey Chen | - Chair, Arab League |
| Philip Richard Graynoth | - Chair, General Assembly Sixth Committee – Legal |
| Irina Timoshenko | - Chair, General Assembly Sixth Committee – Legal |
| Justine Noble | - Chair, General Assembly Sixth Committee – Legal |
| Areesha Jawed | - Chair, International Criminal Police Organisation (INTERPOL) |
| Chinmay Gundlur | - Chair, International Criminal Police Organisation (INTERPOL) |
| Sophie Draeger | - Chair, International Criminal Police Organisation (INTERPOL) |
| Said Tarik Saglam | - Chair, General Assembly Fourth Committee – SPECPOL |
| Thanes Gunaskaran | - Chair, General Assembly Fourth Committee – SPECPOL |
| Aleksandra Walczak | - Chair, UN Entity for Gender Equality and the Empowerment of Women |
| Vida Stanic | - Chair, UN Entity for Gender Equality and the Empowerment of Women |
| Teodor Yankov | - Chair, Universal Declaration of Human Rights (UDHR) |
| Dana Abuqamar | - Chair, Universal Declaration of Human Rights (UDHR) |
| Camilla Østergaard Kristensen | - Chair, Universal Declaration of Human Rights (UDHR) |
| Advait Joshi | - Chair, General Assembly Third Committee (SOCHUM) |
| Dimita Psychari | - Chair, General Assembly Third Committee (SOCHUM) |
| Tess De Wilde Kohler | - Chair, United Nations Environment Programme |
| Ashling Hammerton | - Chair, United Nations Environment Programme |
| Andriana Gravani | - Chair, United Nations Environment Programme |
| Jana Al-Hassanieh | - Chair, United Nations Office for Disaster Risk Reduction |
| Medhini Pathirana | - Chair, United Nations Office for Disaster Risk Reduction |
| Luke Glasspool | - Chair, United Nations Committee on the Peaceful Uses of Outer Space |
| Maarten Coessens | - Chair, United Nations Committee on the Peaceful Uses of Outer Space |
| LIMUN: HS 2021 Committees and Chairs | |
| Hazifa Samath | - Chair, Organisation of American States |
| Joelle Tan | - Chair, Organisation of American States |
| Gurshaan Sethi | - Chair, Organisation of American States |
| Emily Cramp | - Chair, Organisation of American States |
| Aniruddha Gupta | - Chair, London Platform for Change |
| Emily Yang | - Chair, London Platform for Change |
| Jonathan Tam | - Chair, London Platform for Change |
| Khaliun Batbayar | - Chair, World Health Organization |
| Julia Lamb | - Chair, World Health Organization |
| Mohammad Ruzain Bin Ismail | - Chair, World Health Organization |
| Qi Zhong Leong | - Chair, World Health Organization |
| Anna Liebelt | - Chair, United Nations Environment Programme |
| Xiting Xu | - Chair, United Nations Environment Programme |
| Adam Fudala | - Chair, United Nations Security Council |
| Joseph Pengelly Del Cerro | - Chair, United Nations Security Council |
| Tala Karkanawi | - Chair, Social, Humanitarian and Cultural Committee |
| Advait Joshi | - Chair, Social, Humanitarian and Cultural Committee |
| Cintya Djayaputra | - Chair, United Nations Human Rights Council |
| Justine Noble | - Chair, Office of the High Commissioner for Human Rights |
| Ipshita Das Gupta | - Chair, Office of the High Commissioner for Human Rights |
5 www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Governance Structure and Management
Decision Making
The Foundation is run by a Board of Trustees that oversees general administration and provides guidance to the Secretariats of the two conferences, who carry out the day-to-day operations regarding the conferences. The Board is led by a Chair who carries out general administrative and coordination functions and manages the affairs of the Board. Each Trustee is assigned a portfolio on which they lead and coordinate internally. Some responsibilities are also taken on board ad hoc based on the expertise or experience of certain trustees. The Board also operates through committees which assume responsibility for devolved functions such as Governance, Finance, Outreach and Partnerships.
The Conference Secretariats are led by Secretaries-General, who are volunteers appointed by the Board at designated Annual General Meetings. Both Secretaries-General are also incorporated on the Board in an ex-officio capacity for their term in office. They are responsible for recruiting, overseeing and managing the members of their volunteer secretariat. While certain functions are carried out after Board consent, the Secretariat is responsible for general relations with the target community that LIMUN engages with and ensures that the specific outputs – Model UN conferences – are delivered.
Day-to-day Operations and Remuneration
The Board coordinates the day-to-day management of the Foundation through the Chair. Afolabi Adekaiyaoja has served in this position since June 2019 and his term was renewed in 2021. In addition, the Board approves financial payments, provides guidance to the secretariats and gives binding consent to decisions affecting the Foundation.
For 2021/22, Luna de la Llama was selected to take on the role of Secretary-General of the University Conference, while Colin Jun was chosen to take on the role of Secretary-General of the High School Conference.
Luna and Colin, together with their respective secretariats – which they recruited - were responsible for successfully running the LIMUN 2022 and LIMUN: HS 2021 conferences.
Secretariat members are all students at universities in London and gave their time voluntarily, for which the trustees are grateful.
Trustees
The Foundation is governed by an experienced Board of Trustees, drawing from the private and public sectors, with a passion for LIMUN and Model UN more generally. Distinct management divisions manage the charity's day-to-day affairs: the conference's secretariat and the outreach committee. Student staff are sourced primarily from the University of London colleges and associated universities and occasionally from other universities in the United Kingdom. They are bright students or recent graduates, competitively selected, who give their time and skills voluntarily.
Appointments
All new Trustees are co-opted by the unanimous decision of the Board of Trustees. During 2021/22, Fariha Baba was added to the Board. She had served as Under-Secretary-General Finance on both the High School and University conferences in previous years.
During 2021/22, Dijana Spasenoska and Leonie Jarrett left at the conclusion of their terms. The Board remains indebted to them for their work and support while as Trustees.
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www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
New trustees generally have a background of previously being involved with the LIMUN conference and, as such, are already familiar with this aspect of the charity. Specific roles for individual trustees are identified for which areas they will be involved with from the management and oversight of the charity.
We developed an onboarding process that includes sharing the constitution, introducing them to the various conference management teams and providing context to decisions in a collegiate fashion. We also constituted committees, with both old and new members of the Board, to further formalise the learning procedure.
Achievement and Performance
LIMUN: High School 2021
The 6[th] session of the London International Model United Nations: High School was held between the 20[th] – 21[st] of November 2021; its sessions were in a hybrid in-person and online set-up due to the ongoing COVID-19 pandemic The in-person components of the conference were hosted at the Franklin Wilkins Building of King’s College London.
The selection for the 2021 Secretary-General resulted in the appointment of Colin Jun, a student of University College London, who had previously served as the Under-Secretary-General Outreach in the previous year’s secretariat. Nudhara Yusuf had been involved in the previous year’s conference as the Secretary-General.
We welcomed delegates from around 38 high schools and academic institutions worldwide who participated in lively debates. During the weekend, there were 10 different committees (7 in-person, 3 online) simulating UN bodies and other international organisations with a broad range of topics for the delegates to research, debate, compromise and reach a resolution over. The 2021 conference was judged by the Board of Trustees to have been a success and received positive feedback from the delegates in attendance.
LIMUN 2022
The 23[rd] session of the London International Model United Nations was held between the 25[th] – 27[th] of February 2022, and marked a return to a fully in-person conference format post the COVID-19 pandemic.
The selection for the 2022 Secretary-General resulted in the appointment of Luna de la Llama, a student at King’s College London. Luna had been involved with a previous secretariat as Under-Secretary-General Applications (LIMUN 2021).
We were honoured to have Professor Tim Unwin, holder of the UNESCO Chair in ICT4D as opening ceremony speaker.
We welcomed delegates from around 121 universities and academic institutions worldwide who participated in lively debates. During the weekend, there were 23 different committees simulating UN bodies and other international organisations with a broad range of topics for the delegates to research, debate, compromise and reach a resolution over. The 2022 conference was judged by the Board of Trustees to have been a success and received positive feedback from the delegates in attendance.
Outreach Work
LIMUN has been working with IntoUniversity, an innovative programme that launches learning centres for students from disadvantaged backgrounds to attain a university place or another chosen profession. Students attended the High School conference and saw a first delegation attend the University conference.
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www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Looking Ahead
Planning
The Foundation’s activities are to continue in line with previous years and the vision and objectives of the charity. Specific aims that LIMUN’s trustees and the Secretariat plan to be incorporated into the coming year’s conference include the following:
LIMUN conference: Our main university-level conference will remain the cornerstone of our activities for future years, focusing on increasing quality and delivering the best value for money for delegates.
LIMUN: HS conference: After multiple successful iterations of our secondary-school level conference, the charity intends to continue and seek to grow this event in future years.
Outreach Programmes: The Board has designated the Outreach committee on the board to look at other ways the Foundation can engage with the broader MUN community. The Trustees had in the previous year considered launching a publication arm to provide routine opinion and analysis, but decided against proceeding given the difficulties in finding the right candidates to lead the initiative. Another considered initiative, to lead year-round engagement through internship workshops and a guest speakers series, is currently live as initiatives within our flagship conference, such as the Connected Scholars Programme, the Connected Delegates Programme (both within LIMUN:HS).
Risk Management
The Trustees have established a system of monthly finance reports from the Secretariat to monitor the charity’s funds effectively. Contact is maintained throughout the year with members of the secretariat, and the trustees are consulted. Their approval is needed for any significant decisions to use the charity’s funds. Following the outturn for 2015/2016, a greater level of trustee involvement was implemented. This has resulted in greater control and a sounder financial footing; as a result of this success, this system has been in place since.
Brexit
The Trustees identified the United Kingdom’s departure from the European Union as a disrupting factor to our conferences and future programs. Subsequently, Muqaddam Malik (Trustee) was appointed to draft a document identifying areas where Brexit would affect our work and how to work around these effectively. The document was presented to the Trustees in April 2020 and has served as a reference point for the Board and past and future Secretariat members.
Financial Review
Charitable Expenditure
Expenditure on charitable activities totalled £76,607. This represented a significant increase from the previous year of activity where activities were all online due to the Covid-19 pandemic, but in-line with preceding years where conferences were operated out in-person. Trustees are looking at sponsorship for these projects to reduce the financial burden on the foundation, especially with the uncertainty of conference attendance post-pandemic. Trustees are also observing how policies and procedures might change during Brexit.
The LIMUN High School conference received its conference venue at King’s College London in-kind. While the sustainability of this event depends on the continuing support received, Trustees are exploring sponsorship to address this and guarantee its longer-term sustainability.
Unrestricted funds of the charity stand at £31,567.38 on 31 May 2022 (2021: £37,100.82). Due to the increased expense of returning to in-person conference formats, and the continued uncertainty on the feasibility of doing so due to the Covid19 pandemic, the charity’s activities resulted in an in-year loss of £5,533.44 which adversely impacted the charity’s funds. We intend to continue to work closely in managing the finances of the main activities to ensure future years’ expenses are managed carefully to ensure the charity’s financial health going forward.
Investments
LIMUN has made no investments in the year under review
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www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Reserves
LIMUN’s policy is to maintain funds at a minimum of £15,000. The majority of incoming resources are received in advance of costs being incurred for the conference, which is therefore deemed sufficient to cover any of the ‘start-up’ costs of the conference each year. The funds level at year-end was £31,567.38. All funds of LIMUN are unrestricted, and details are quoted in note 7 of the financial statements.
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www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Statement of Trustees’ Responsibilities
The trustees are responsible for preparing the Trustee’s Report and the financial statements per applicable law and United Kingdom Accounting Standards, comprising FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. In addition, the law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give an accurate and fair view of the state of affairs of the Trust and the incoming resources and application of resources of the Trust for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Statement of Recommended Practice: Accounting and Reporting by Charities (2015);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the charity's financial position and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the charity's assets and hence for taking reasonable steps to prevent and detect fraud and other irregularities.
Approved by the trustees and signed on their behalf:
Afolabi Adekaiyaoja
Chair
13 September 2023
10 www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Independent Examiner’s Report
I report on the accounts of the London International Model United Nations Foundation for the year ended 31 May 2021, which are set out on pages 12 to 16.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence required in an audit. Consequently, no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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(0) which gives me reasonable cause to believe that in any material respect the requirements:
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To keep accounting records in accordance with section 130 of the 2011 Act; and
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To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Howard Lane 13 September 2023 London
11 www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Statement of financial activities for the year ended 31 May 2022
| Income from: Donations Charitable activities Total Expenditure on: Charitable activities Total Net income/(expenditure) and net movement in funds Reconciliation of funds: Total funds brought forward Funds transferred from previous charity Total funds carried forward |
Notes 2 3 4 |
2021/2022 Unrestricted funds £ |
2021/2022 Unrestricted funds £ |
Total Funds £ |
Total Funds £ |
2020/2021 Unrestricted funds £ |
2020/2021 Unrestricted funds £ |
Total Funds £ |
|
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | ||||||||
| 71,074 | 71,074 | 11,139 | 11,139 | ||||||
| 71,074 | 11,139 | ||||||||
| (76,607) | (7,125) | ||||||||
| (76,607) | (7,125) | ||||||||
| (5,533) | 4,014 | ||||||||
| 37,101 | 33,086 | ||||||||
| 31,567 | 37,101 |
The Statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
12 www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Balance Sheet as of 31 May 2022
| Current assets Debtors Cash at the bank and in hand Total current assets Liabilities Creditors falling due within one year Net current assets Total assets less current liabilities The funds of the charity Unrestricted Income funds Total charity funds |
Notes 5 6 7 |
31 May 2022 £ 0 31,567 0 |
£ 31,567 0 31,567 31,567 31,567 |
31 May 2021 £ 0 37,101 0 |
£ 37,101 0 |
|
|---|---|---|---|---|---|---|
| 37,101 | ||||||
| 37,101 | ||||||
| 37,101 |
The notes on pages 14 to 16 form part of these accounts.
Afolabi Adekaiyaoja, on behalf of the trustees Chair
Approved by the trustees on 13 September 2023
13 www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Notes to the financial statements
1. Principal Accounting Policies
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts per the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The London International Model, United Nations Foundation, is a Charitable Incorporated Organisation registered with the Charity Commission in England and meets the definition of a public benefit entity under FRS 102. Accordingly, assets and liabilities are initially recognised at historical cost or transaction value unless stated in the relevant accounting policy note(s).
Going concern
Regarding expected activities, the trustees believe that the charity will continue to operate for at least 12 months from the date of signing these accounts based on the level of funds held by the charity at the year-end and those required for our ongoing operation.
Funds
All funds are unrestricted and available for use at the Trustees' discretion to meet the charity's objectives.
Donations
Donations represent gifts in kind received by the charity. The primary source of these is discounts and reductions achieved for our conference venues due to our charitable status. Full details of the basis of estimating the gift in kind received are included in note 2 to these financial statements.
Charitable activities - income
Incoming resources from charitable activities are made up of amounts receivable for delegates participation at the annual LIMUN university and high school conferences and associated events. This income is recognised at the time of delivery of the conference.
Charitable activities - expenditure
The costs associated with charitable activities are required to deliver the LIMUN university and high school conferences each year. Further analysis of these by their nature is included within note 3 to the accounts.
Gifts in Kind
Where LIMUN receives goods or services at a reduced rate due to its charitable status and the benefit achieved can be reliably measured, these are recognised as income from donations with a corresponding expense for the same amount. This ensures the actual costs involved in running our activities are captured.
Debtors
Debtors represent amounts due from our main venue following overpayment. The Trustees assess debtors at year-end for the likelihood of receipt, and appropriate write-offs or provisions are raised where doubts exist. No amounts were due as of 31 May 2022.
Creditors
There were no such balances as of 31 May 2022.
Cash Flow Statement
London International Model, United Nations Foundation, is not large enough to require a Cash Flow Statement.
| 2. Donations Sponsorships Gift in kind Total |
2021/22 £ - 4,020 4,020 |
2020/21 |
|---|---|---|
| £ - - - |
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www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
The LIMUN HS conference was held at King’s College London (KCL), and due to support from the KCL MUN student society, no costs were incurred for the use of the venue. Therefore, we have estimated the Gift in Kind element based on the prices of equivalent rooms hired for LIMUN 2020.
3.
Charitable activities - income
| LIMUN delegate fees Social tickets LIMUN HS delegate fees Total 4. Charitable activities - expenditure LIMUN HS venues LIMUN HS costs LIMUN Conference venues Conference materials Outreach Secretariat and chairs costs Marketing Social venues and costs Ongoing costs Website Video communications Reconciliation Total 5. Debtors Venue refunds due Total 6. Creditors Pestalozzi Total 7. Unrestricted income funds Balance on 1 June 2021 Incoming resources |
2021/22 £ 48,047 14,656 4,351 67,054 2021/22 £ 4,020 1,069 38,420 5,220 - 2,220 450 21,500 741 1,836 1,045 85 76,607 2021/22 £ 0 0 2021/22 £ 0 0 £ 37,101 71,074 |
2020/21 £ 9,600 - 1,539 11,139 2020/21 £ - - - 315 - 157 1,190 - 616 3,943 905 - 7,125 2020/21 £ 0 0 2020/21 £ 0 0 |
|---|---|---|
15 www.limun.org.uk | Registered Charity No. 1159324
London International Model United Nation Foundation
Outgoing resources (76,607) Balance on 31 May 2022 31,567
8. Trustee and employee information
The Trustees do not receive any remuneration from the London International Model United Nations Foundation for their role. In addition, the Charity employs no remunerated staff members.
9. Related Party Transactions
There were no transactions with related parties requiring disclosure during 2021/2022. However, due to the nature of some expenses incurred by the organisation, Trustees are at times required to incur expenses personally and receive reimbursement for these costs only.
16 www.limun.org.uk | Registered Charity No. 1159324