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8 July 2024

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8 July 2024
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�� N�� F��H��Y�A��ND�D�31�MA�CH�2024

1 ��N��

�asis�of�preparing�the�financial�statements

The financial statements of the CIO, 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). The financial statements have been prepared under the historical cost convention.

The CIO has taken advantage of the following disclosure exemptions in preparing these financial statements , as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows
the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d)

�ritical�accounting judgements�and�key�sources�of�estimation�uncertainty

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

�ncome

Income is recognised when the CIO has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

�xpenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the CIO 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. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated directly to charitable activities as any fundraising costs are immaterial. A breakdown of these expenses is outlined in Note 3 of the financial statements.

�� N�� F��H��Y�A��ND�D�31�MA�CH�2022

�axation

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

Fund�Accounting

General funds are unrestricted funds which can be used in accordance with the charitable objectives at the discretion of the Trustees, and which have not been designated for other purposes.

Restricted funds can only be used for particular purposes within the objects of the CIO. Rerstrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The costs of raising and administering such funds are charged against the specific fund.

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

Cash�at�bank�and�in�hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.

Debtors�and�prepayments

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors�and�accruals

Creditors are recognised where the CIO has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.

Financial�instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

�� NOTES�TO�T�E��OUNTS FOR THE YEAR ENDED 31 MARCH 2024

2 INCOME FROM DONATIONS AND LEGACIES Grant Income Other Donations Other Incoming Resources Grant Income Other Donations Other Incoming Resources 3 EXPENDITURE ON CHARITABLE ACTIVITIES Programme Costs Legal and Professional Fees Programme Costs Legal and Professional Fees 4 EXPENDITURE ON MANAGEMENT AND ADMINISTRATION Administration Legal and Professional Fees	2024 Unrestricted Funds £ - 18 14 32 �� Unrestricted Funds £ - 5 550 555 2024 Unrestricted Funds £ - - - 2023 Unrestricted Funds £ - - -	Restricted Funds £ 25,201 - - 25,201 Restricted Funds £ 38,871 - - 38,871 Restricted Funds £ 8,454 600	Total Funds £ 25,201 18 14
			25,233
			Total Funds £ 38,871 5 550
			39,425
			Total Funds £ 8,454 600
		9,054	9,054
		Restricted Funds £ 71,174 600 71,774 2024 Total Funds £ 294 - 294	Total Funds £ 71,174 600
			71,774
			2023 Total Funds £ - -
			-

CITIZENS' WATCH INTERNATIONAL (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Legal and professional fees include, but not exclusively:

Legal and professional fees include, but not exclusively: Independent Examination 5 DEBTORS AND PREPAYMENTS Prepayments and accrued income 6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accruals 7 ANALYSIS OF CHARITY FUNDS At 1/4/23 Income £ £ Restricted Funds: Building Russian Civil Society Capacity 147 - Amicus Curiae - 25,201 Unrestricted Funds: General Fund 4,006 32 Reserve - - Total funds 4,152 25,233	Expenditure £ 147 8,908 294 - 9,348	Total Funds 2024 600 31 Mar 2024 £ - - 31 Mar 2024 £ - 600 600 Transfer £ - - - -	Total Funds 2023 600 31 Mar 2023 £ -
			-
			31 Mar 2023 £ 8,600 -
			8,600
			At 31/3/24 £ - 16,293 3,743 -
			20,037

Restricted Funds

Where a donor restricts use of funds granted to a specific purpose they are treated as Restricted Funds as defined in the Statement of Recommended Practice. Expenditure incurred from the Restricted Funds is separately recorded against the corresponding income. During the year ended 31 March 2024, Restricted Funds income and usage was

Restricted Grants At 1/4/23 Income UK Foreign & Commonwealth Office 147 - Ministerie Van Buitenlandsezaken - 25,201 Total 147 25,201	Expenditure 147 8,908 9,054	Transfer - - -	At 31/3/24 - 16,293
			16,293

Programmes Funded by Restricted Funds

Building Russian Civil Society Capacity . This programme was concluded in 2022-23. A small balance of £147 remained at the end of the prior year and approval for its use on final travel costs was received from the donor

Amicus Curiae: Professional Development of the New Generation of Lawyers is funded by the Dutch Ministry of Foreign Affairs. The programme consists of a series of training events for young lawyers and law students, with participation of British and Dutch experts.

CITIZENS' WATCH INTERNATIONAL (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

8 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds £ Fixed Assets - Current Assets 3,743 Current Liabilities - Total 3,743	Restricted Funds £ - 16,894 (600) 16,294	2024 Total Funds £ - 20,637 (600) 20,037	2023 Total Funds £ - 12,752 (8,600)
			4,152

9 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration, expenses, or other benefits for the year ended 31 March 2024 (2023 - £nil).

10 RELATED PARTY TRANSACTIONS

There were no related party transactions during the year ended 31 March 2024 (2023 £Nil).

11 GUARANTEES AND SECURED CHARGES

As at 31 March 2024, the Charity had neither any outstanding guarantees to third parties, nor any debts secured against assets of the Charity (2023: £Nil)

12 GRANT-MAKING POLICY

Citizen's Watch International is not a grant-making organisation and made no grants to individuals or institutions in the year ended 31 March 2024 (2023 £Nil).

13 KEY MANAGEMENT PERSONNEL

On behalf of the Board of Trustees, Mr Andrew Bernhardt (a Trustee) is considered to be the Key Management Person of the Charity. He received no remuneration, expenses, or other benefits for the year ended 31 March 2024 (2023 - £nil).

2024-03-31-accounts

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