Company regi5trdtion number: 09867049 Charity regislralion number: 1167426 Friends of Acted (UK) - Charity (A company limited by share capital) Annual Report and Financial Statements for the Year Ended 31 December 2024 Michaelides Warner & Co 102 Fulham Palacg Road London W6 9PL Friends of Acted (UK) - Charity Contents Reference and Administrative Details Trustees, Report 2105 Independent Examinels Report Statement of Financial Aciivilies Balance Sheet Notes to the Financial Staiemencs 9t0 16 Friends of Acted (UK) - Charity Reference and Administrative Delails Senlor Management l Lt&dtrshlp Marie-Pierre Caley, Trustee Team Charity Reg15tr8tion Number 167426 Compgny R¢gistradon Number 09867049 The charity is incorporated in England and Wale& Lower Ground Floor 27 Emperor5 Gate London SW7 4HS Reglstered Office Independent Examiner Michaelides Warner & Co 102 Fulham Pdace Road London W6 9PL Page I Friends of Acted (UK) - Charity Trustcu, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 31 December 2024. Objectfves and Actlvltles Objecls and ain The objects of the Charity are for the public bcncfil. The tNste¢s have due regard to the Commission's guidance on public benefit. l. Prevention or rclicf of poverty 2. Relief of 5irkn¢s5 and preservation and prolcction of health 3. Advanremenl of education 4. Prcservation, protection and restoration of historical sile5 5. Promotion of human rights as set out in Universal Declaration of Human Rights and UN conventions 6. Promotion of sustainable development 7. Oiher Gharitable putP05es for the public benefit As specified in our Charity Commission registration documents we do this by Making grants to individuals - Provide advocacy / advice and inforniation Act as an umbrella I resource body Page 2 Friends of Acted (UK) - Charity Trustees, Report Public beheflt l. Making grants to individuals The ACTED Memorial Award was launched in 2019 and awarded lo the Villard Cenire, an accommodation and educaiion facility for orphaned children in Farkhor, Khatlon Province, Tajikis(an. The student bursaries are on hold for thc academi¢ y¢ar 2021-2022. 2. Provide advocacy l advice and infomia(11)n FRIENDS OF ACTEJ) (UK)'s advocacy work is de8igned to be in the public benefic by working with NGOS. govcmmenl departmertt.S ktnd rescarch bodies lo sUPPOrt cvidert¢e-b&8ed policy-making and enJure thai funds and granis Éwe spcni appropriai¢ly and effeciively. FRIENDS OF ACTF.D (UK) brings irs fi¢ld expertise (through ACTF.D and Impacl REACH) io decision-makcrs and implemeniers in the UK in order 10 improve planning. delivcry and cvalualion ol. aid inLervenlions. These include gL)vernmcnt departments {DflD, FLO), NGOS and NGO necworks (eg START Network), private sector cuniraciors, found<ion5 and research budies. FRIF,NDS Ob ACTF.D IIJK) foLuses on geogrliphical and thematic areas where ACTED and REACH have .speLific expenise. {Syri4 Yemen. Iraq, Afghanis1&￿. Philippines, Centr¢il African Republic, the Sahel region. Migi'dlionl. 3. Aci as an umbrella I resource body FRIENDS UF ACTED (UK) continucs lo develop partnerships with other N(iOs and dcvelopmeni agencies. FRILNDS OF ACTED (UK) incrcases uwarcnc55 and polenlial uf UK-based Univcrsily students for employmcni in the humanitarit￿ and developmenl seccors. AC'fED and sister organisations offer ¢ipproximately 150 inlcrnship8 per year in 3U+ Louniries. Friends of ACTED (UK) aitcnds careers fair.s, holds workshops, meelings and discuS￿S with 8ludenls from a range of universilies. (Oxford Universiiy.. London Univci'sity, (Kings College. Imperial College, LSE), Livcrpool I lope Univcrsiry, ManLheslcr MetrorM)li(dn Universiry, Leeds Universily.) 'rh¢ Irusiccs confirm thal th¢y have ¢vmplicd with Ihe requirements of section 17 of Ihe Charities ALI 2011 to have due regard to Ihe public benefit guidance published by Ihc Chariiy Commission lur England and Wales. Flnantlal review Friends of ACTED {UK) has not yet undertaken any fomial fundraising. ACTF.D is the principal source of funds. We r¢¢¥iv¢d donations from AC-fED in this Thvelve monih period which r¢sulied in incoming resources of £29.097. '1otsl rc5ources expended for the p¢riud was £29,69i. The balance of resources compris¢s a rental deposit for the oifice of £8.525 returnable at Ihe end of thc tendJ)Cy. Thc charity can Iheret-orv report a net decrease in lunds of £598 lor the tinancial year 10 31 December 2024. Fri¢nds ofACTF.D (UK) does nol have a reserves policy or an investment policy al Ihis Stage. In order to ensure a fiiir representation of total ¢ost5 incurred for the overall functioning ofFriends of ACTED UK (FOA UK), fvrther analysi5 of the Statcmcnl of Financial Activity is as follow5.. Expenses for £598 (202) - £1261 have been incurred directly by FOA UK while £29,097 ((2023 - £32,349) have been incurird by ACTED France a5 an ¢arly-stage contributiun to FOA UK development. Revenues of £29.097{2023 - £32.223) has been recogniscd a5 grants for AcfED l.rance conlribution 51ated above. Page 3 Friends of Acted (UK) - Charity Trustees, Report Structurey governance and management Financi21 instruments Objeclives andpollcles The charity's aclivilies cxpose il lo a number of financial ri.sk5 including credit risk. cash flow risk and liquidity risk. The use of financial derivatives is govemed by thc charity's policies approved by the board of Iruslees, whiLh provide wriiicn principles on the use of finanLial derivatives to manage Ihese risks. The chariiy does not use derivacive financial instruments for speculalive purposes. Coshflow rlsk The charity's activities expose it primarily lo the financial risks of changes in foreign CUr￿nCY exchange rates and inlercsl rates. 'fhe charity uses foreign exchangc forww'd Lorttrncts and inLeresi raie swap contracts to hedge these exposure5. Interest bcaring assets and liabilities are held at fixed rale 10 ensure certainty ol-cash flows. Credil rlsk The charity's principal financial ￿￿Se[S are bank balanccs and c&8h, trade and other receivables, and investmenis. The charity's credil risk is primarily altributable lo its Ir&de rcceivables. The amounts prcscnted in the balance sheet arc nct of ¢illowances for doubtful receivables. An allowi￿Ce for impairment is made where Ihcre is ku] identified loss event which, based on prcvious experience. is evid¢ncc of a reduLtion in the recoverability (If the cash tlows. The credit risk on liquid lunds and dcrivalive financial inslrnments is limi￿d because thc counterparti¢s are banks with high Lredit-ratings assigned by iniemaiional credil-rating dgencies. The ohariiy has no 5ignifiLanl concenii'a(ion of credit risk. wilh exposure Spread over a large number of counietpyrtics and customers. Liquldity risk In ordcr to mainiain liquidity to ensure that suificicnl ￿ndS are available for ongoing operations and future developments, thc Charity uscs a mixture of long-leiTh and shorl-lcm d¢bi finance. Furiher details regarding liquidity risk Can be found in the Siatcmenl of accouniing poli¢ies in the financial statements. Statement of trustee5' re5ponsibilitles Th¢ Iruslees (who arc also the directors of Friends of Acted (UK) - Charity for the putposes of ¢ompany law) are responsible for preparing the trustees, report and ihe financial 51aiemenls in accordance with applicable law and United Kingdom AcGounling Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland" Page 4 Friends of Acted (UK) - Charity Trustees, Report Company law requires the trustees lo prepare financial statements for each financial year. Under company law the tiwlees must not approve thc financial staiements unless they are satisfied thai they give a trne and fair view of the state of affairs of the charitable company and of ihe incoming re8ourcts and application of resourccs, including its income and expenditure, ot Lhe charitable company for ihal period. In preparing Ihe.8e lindnLial slaiements, the Irus*es are Itquired to.. select sui(able accounting policies and apply Ihem consistently; observe the methods and principles in the Chariiies SORP. make judgements and estimat¢S thal are reasonable Éu)d prudent. slalc whether applicable accounting standards, compi'ising FRS 102 have been followed, subject lo any material departures discloscd and explained in the financial slaiements. and prepiire the financial statements on the going Loncem basis unless i( is inappropri&te to presume that the charitable company will continue in business. Thc Lrusiees ui'e r¥sponsible for keepin8 proper accounting records that can disclosc with ItLsonuble accu17cy ai any lime the financial pusilion of the charitable company and enablc them ts) ensure Ihal th¢ financial sialemenls comply wilh the Companics Aci 2006. They are also responsiblc for safeguarding the assets of ihe charitable company and hencc for taking reasonable 5tcps for the prevention and deleclion of fraud and oLher irrcgularilies. The Iruslees are rcsponsible for the mainlenancc and integrity of the corporatc &nd financial infornialion included on che chariiable company'5 websit¢. Lcgislation govcrning ihe preparation and disseminaiion of financial slalements may diIfer Iri)m legislation in other jurisdiclion5. Thc ann al rcport US approved by the irusiLes ol. Ihc ¢harily on ) and .%igncd un ils b¢hall' by- Ms MariL-Pi¥1'￿, CulL'y Trusiee Page 5 Friends of Acted (UK) - Charity Independent Examiner's Report to the trustees of Friends of Acted (UK) - Charity ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responslbllitle$ ind basts of report A5 the charity's trustee.s of the Company (amd also its dir¢ctors for the purposes of company law) you are responsible for the preparation of the acLuuniS in accordance with the requirements of the Companies Act 2006 ('Ihc 2006 Aci,). Having saiisfied myself that the accounts of ihe Company are not required lo be audiled under Part 16 of the 2006 Acl and are eligible for independent examin¢ition, I reporl in respect of my cxaminaiion ol'your charity's accounts as carried out under seLlion 145 of Ihe Charities Act 2011 {'the 201 l Act,). In carrying uul my examination I havc followed the Directions given by the Charity Commi8sion under section 145{5llb) of the 2011 Act. Independent examlner's statement I have completed my ¢xaminaiion. l Confinn that no matters have come to my attention in connection with the cxamination givin8 me cause to believe: accounting records were not kept in respe¢1 of Friends of Aclcd (UK) Chariry as requircd by s¢¢lion 386 of the 2006 Aci. or 2. IhL aLLounls Ltv nvl klLLord wiLh Ih()be r¢Lords; vr 3. Ihe accounis do not comply with the accounting requirements uf section 396 of the 2006 Act other than any requii'emenl that the accounts givc a 'lruc and fail. view which ib not a matter considered as part ol an independ¢nl examination. or 4. the accounts have not bccn prepared in accordance with the method5 and principles of the Statement of Recommended Praciice foi. accounting and reporting by charities lapplicable io charities preparing iheir accounts in accc)rdance with the Finan¢ial Rcponing Standard applicable in ihe UK and Republic of Ireland {FRS 1021]. have no concerns and havc comL across no other matters in Lonncction with Ihc cxaminalion io which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. MiLhuelidLs Il'ai'nLI- & Lo Limiled ICAEW 102 Fulham Palace Road Landon W6 9PL Date.. 2010812025 Pag¢ 6 Friends of Acted (UK) - Charity Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and sses) Unreslricled funds Total 2024 Note Income and Endowments from: Donations and legacies 29.U97 ?9.097 Totsl income 29,097 29,(J97 Expendithre on: Charitable a¢tivili¢s 29,6951 29.695) Tolal expenditure {29,6951 (29,695) Nei Qxpendilui 1598) 15911) Net movemenl in fvnds {5981 (598) ReconeiliAtlon of funds Total funds brought forward 7,684 7,684 Total lunds carried lorward 10 7,086 7,086 Unrestricted nd5 2023 Note Income and Endowments from: Dunaiions and legacies 32,223 32,223 Total income 32,223 32,223 Expenditure on: Charitsble aciiviiies 32,3491 32,349) Total ¢xp¢nditure (32,3491 32,3491 Nel expendilui'e {1261 (126) Ne( movemenL in fijnds 11261 (126) Reconciliatlon of funds Total funds brought forward 7,810 7,810 Total funds carried forward 10 7,684 7,684 All of the charity's activities dcrive from conlinuing operdtions during the above two periods. Thc funds breakdown for 2023 is shown in noie l O. The noies on pages 9 to 16 form an integi'al part of these financial slalemenls. Page 7 Friends of Acted (IJK) - Cbarity (Registration number: 09867049) Balance Sheet as at 31 December 2024 2024 2023 Nott Current assets Debtors 8,525 9,123 Creditors: Amounts falling du¢ wlthln One year 11,4391 1,439) N¢t assets 7,086 7.684 Funds of the ¢hArity: UnresÉrltted Ineome tbnds Unrestricted tunds 7.086 7,684 Total thnds 10 7,684 For ihe financial year ending 31 Dccember 2024 ihe charity wa5 entitled to excmplion from audit under scction 477 ofihe Companies Aci 2006 relating to small Lompanies. Directors, respunsibilitie5'. The members havc not required the charity 10 obtain an audit of its accounts far the year in quesiion in accordance with scclion 476,. and The directoi's acknowledge their responsibilities for complying with thc requirements of the Acl with respect to accounting i'ecords and the preparalion of. 1￿COunt5. -rh¥ lin¢incial siaiLniLnis o and signLd on ih pug¢s 7 10 16 ivcir &ppi'oi'ed by IhL irusieLS. L￿d auihoriscd loi. issuc on Ms Marie-Pi¢rre Caley -Frustee The notes on pages 9 to 16 forni an integral part of these financial slatements. Page 8 Friends of Acted (UK) - Charity Notes to the Financial Statements for the Year Ended 31 December 2024 I Charity status The charity is limited by share capiial, incorporated in England and Wales. The address of its registered o￿lce is.. Lower Ground Floor 27 F.mperors Gale London SW7 4FIS 2 Accountln8 poll¢le$ SummAry of signifleant a¢countlng pollele5 and key accounting estlmates The princip¢il tlLLounting policios applied in the prepaj'ation of Ihesc financial stat¢ments are sel otjt below. These policie.s have been Lonsislenily applied to all the years presenkd, unless othcrwise 51atd. Statement of compliance Thc financial statements h￿￿e been prcpared in acLvrdance with AcLounting and Reporting by Charitie5.' Statement ot Rccommended Practice (applicablc to chariiies preparing their aLLounts in acLordance with the financial Reponing Standard applicable in the UK and Republic of Irelitnd {FRS 102)) Iis5u¢d in Octnber 2019) - (Chariiies SORP IFRS 102)), the Financial Reporting %iandard appliLable in the UK and Rcpublic of Jreland (FRS 102) and the Companies Act 2006. Basis of preparation Friends of Acted (UK) - ChariLy meets Lhc dcfiniLion of a public benefil entity under fRS 102. Asscls and liabililic5 are irtiiially recognised al historical cosL or Lrdll5aclion value unless otherwise slatcd in the relevant accounting policy noies. Going concern Thc Lrustees consider that ihere are no material uncertain¢ies ahout the charity's ability LO continue as a going concern nor any significanl arcas of unLertainry thal affeci the Larying valuc of asse15 held by the chariry. Exemptlon from preparing a cash flow $tatement The charity opled lo early adopt Bullelin I published on 2 February 2016 and have therefore rtoi included a cash fluw slaiemenl in thesc financial slalem¢nis. Incom¢ and endowments All income is recognised once the charity has entitlement LO the income. it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 9 Friends of Acted (IJK) - Charity Notes to the Financial Statements for the Year Ended 31 Deeember 2024 Grunts receivable Grants are recognised when the charity has an entitlement to the funds and any conditions lirtked io the grants have been mei. Where performance conditions are aitachcd io the grant and are yet to be met. the income is recognised as a liability and included on the balanLe sheet &$ deferred income lo be released. Expenditurt All cxpendilure is recognised on¢c thcre is a legal or conslruLtive obligaiion to that expendilure. it is probable settlemcnt is rcquir¢d and the amouni can be measured reliably. All costs are allocated to the applicable expenditure heading ihat aggregate similar cosis to thdl calegory. Where costs cannot be dii'ectly aitribuled lo particular headings they have been allocated on a basis consislenL with the use r)l- resource8, Ivith cenLral staff costs alloLaLed on the basis of lime spent, and depreciation charges allocated on Ihe portion of the asset's use. Other support COS￿ are alloCa￿d based on Ihe spre