Registered nUrnr.. 10192755 Charity number.. 1171120 UNAVDITEO ACCOUls FOR THEYEAR EIIOE0311092023 Prered By: IhSzz Accounling Lld 128 Cty Rd London EC1V2NX 111 ACXIIDT?D A05 2W02R024 COMPANIES HOUSE
164
FairAction FINANCIAL STATalENTS FOR THE YEARENDED311092023 TRLISTEES Rayrnond Lynn Gabriella Lynn Daniel Claylon Daniel Tiggtrf REGISTERED OFFICE 27 Old Gloucester stet London United Kingthjm England WCIN 3AX COMPANY NIAIBER 10192755 CHARrrY NUMBER 1171120 BANKERS HSBC ACCOUNTANTS Wizz Ac¢ounting Ltd 128 GtyRoJ London EC1V2NX
FairAction ACCOUNTS FOR THE YEAR EMDED 31nI512023 CONTENTS Page Rèport ol the Trustees IndeFendent Exarninets Stal•m8nt Accounlant's Report ststernent of Financaal Balance Sheèt Notas to the Aceovnts 91013 Detailed Stal?menl of Fin•nciat Adr4di•s 12
FalrAcllon FOR YEAR EIIDED 3110S12023 Thetrustees preseni their¥epL and accc4Jnts forthe arended 3110512023. PRINCIPAL ACTivmES The pri[Pa1 acli¥ity of th¢ charity in the year der re¥iew wasGeneral SgWKlary education. REPORT The rek¥)rt was prepared Sn accoftlan¢e Tmth the special prowsior6 ¥Yitlwn Part 15 of the Companies Act 2006. This ¥epofl was approved by the Bo4 ofTwsiees on 26102rJJ24. Raymond Lynn Trusiee page 3
FaliAdloTh INDEN[El ExApAINE STATalEMT FOR THE YEAR ENDED 31105r2023 INDEPENDENT EXAMIIIEn REPORTTOTHETRUSTEESOF FAIRACTION I report on the a¢ctyJnts ofthe company trthe year ewKled 31105r2023 RESPECTNE RESPONsIBiunES OF TRLWEES Alil EXAIIJINER The trustees (who are sothe threctorsofthe company for the purpos¢s of ¢tyN)•ry I•At) ar& rasponsitle lorthè preparalicffi ot the accounts. The tfustees considerthat an audrt is n(rt required forth year undersection 14412} orth8 Charithes Aci 2011 Ithe 2011 Act) and that an independent exawrinats.on 1$ needed. Asthe chanvs wss irw)me th"dn't exceed £250,000 l am qualifi to undertake the exan¥nation by bng a qualified merrlwolts ACCA Having satisfied rnys•llthat thechaiity is IKA subp¢ltoan awjit under conyny law and ks ¢lioibl¥ foruid¢pend¢nt ex8nNn8tion, it is my pOnsIbIlity to.. - •xarnin8the xcounts undgrsKbon 145ofthe 2011 A¢t. - fdlow the pcUTeS knitl ¢Jown in thegeneral D¥Klwys gr4en by the Charity Co8810n under section 145ISllbl ofthe 2011 Act,. and . slate whether paibcular matt•ts hav•com8 to my att8nbon. BASIS OF INDEPENDENT EXAMINERS STATBEI My exarrin8tion was carried out in Oral? gen# Dired1$ lh¢ Chanty Coryffiission. An oxamination includes a re¥iewofthe accc¥Jnting records kew by thecharty and a comparison oflhe Ount$ presenled with those records. 11 also includes ¢sIderst10n of any UftLL8ual items or in the COUnts. and seekn'ng explanatn5 frorn you as trustees conceming any such matters. The prtedures undeflen do not FNowde all the trence Ihal would be requirtrd in ¥n audil, and eonsequeniiy no ownion i8 gNen as Iof*tththe Kwints pre¥¢rt • Irue ¥nd l•rvirf th¢ r¢ptsrt is limited to Ihose rnatter¥ sel out in the stalement bdow. p4$4
FairAetion INDEPENtENf EXER% STATalENT FOR THE YEAR ENDED 3110512023 114DEPENOENT EXAIIINERS STATEIAEiir In connecllon whh nyy exatranalion. rK> matterhascomp my atteritth". (11 which gives me reasonablecause to beleth81 in any maten.al ptte requirements". - to kèep a¢¢ounting rId¥ in ac8kllh section 386 01 the Companies kl 201." an - to prepare counts which a¢cLYd viih th• rtcorfs. comFty theaccounting reqwrenwts ol section 396 ofthe Compaaigs Act 2006 and wrth the meth(#ts and prirtiFdes olfhe slatent of ReConded Ptice.. Accounto19 and Rgporting by Ch?1TrtigS. have not been mel". or 121 to which. in my cyftion. ntion $htsLdd be thwn in order loenable a pr(yer undeTrtsndsng ofthe accounts lo be reached. Dated.. 2fA0212024 Mr Stephen Woodhouse FCCA Wizz Aeeounting Ltd K•mp HtyJs¥ 160 Csty Road London EC1V2NX
FairAction AccoiKfANTS' REPORfTOTTrE BOARDOF [EcTORs ON THEUNAUIXTEDACCOUIITS OF FAIR ACTIOII FOR TrEYEAR ENDED 3110%2023 In order to assistyou to lulffl y1 duties urthrtrcotrP pd20. we have Prepared tsyourappr¢wal the accounts of Far Action for the year ended 3110512023 as set pages-to {11 from the company's 0nts.g records and from information and eXanationS you have given us. As è praclissng membef ofIACC& w• aro subi&ttoits Èthul and profess1 reqMen1S which are detaled on their wébsil•. This r¢port 1$ madg solety to the Boa of Dir&Xors of FairAciion. as a tK, COrdan with the teffl ofoui engagement letter dated. Our work h83 been widertaken solety to prepa for your apwoval Ihe arxounts of Fair Action and ste those matters that wè havè aged io State to the Board of t"re¢tors ol FairNLtxn. as a boty, in report. in 0rdae with the requirements ofthe as delailed on their website. To the tullesl exient wntted by law. we do not or assume responsibility lo anyone other than Faif Acbon and its 8oafd of Oirectors as a bcty lof ourwork orlorthis report. It is your duly to Insure that FairACtn has kept adequate accountry reco aThl io Prepa slatutory accounts that give alfue and far view of the assèts. li8bditie5. finala1 pcffjilM aThJ profft8lylrfy of Fwr kntion. You consider that Fair Aclion is exempt Irom Ihe statulory autht requreffenl lor Ihe year. We have not been instructed to cary tyjt an autht ora miew ofthe Oufits ofFarAclTron. Forthts feason, we have not ¥erifiedlhe accuracy or¢ompleteness of Ihe account records or inf0m1al and exFganalions you have given to us and we do not, therefore. express afry oprnon on the staiutory COunts. Wrzz Lld 128 City Roaj LdOn EC1V2NX page 6
FalrAdon lor the yearend8d 3110S12023 2023 2022 Total Unveslrfc R•str1 ted ed funds Totsl IoM• Incorne frorn generated Incomelfom charit¥e a¢tivitsS Total In¢om•and •ndowm•nts 16.917 10.(KJO 16.917 10.(KIO 26,917 26.917 15,398 15,398 Exn5•S Costs of genefabng fuThJs Expendiluts on Rai$ed fund$ Expendiiure Chaiitabl? acti¥e Total Expns•s Netg•ins on irw¥knents Net InGom• 10,938 10,938 10,937 10.937 23,672 23.672 5.979 lomo 15.979 4.274 Transfers beeen lunds Gainsl{loSI on rÈvlu#tion of fixed aa#ests Net Mov9n¢ in fvnds: Net Sn¢rynefor the ygar Total funds brought forwar Net funds ¢arried forward 5.979 10,IIIJO -7.106 15,979 2.794 -8,274 11.C68 This statement offinanc aelivibts trtlud¥ ou gaNi$and losse$ reeogntsed in the y. AJI incomeand expendrture derive from eominuing *twrfies
F4lrAcllon BALANCE SHEET AT3110612023 2023 2022 CURRENT ASSETS Debtors lèmounts falling due wrythin one year) Cash at bank and In haThl 24.025 24,025 5,252 7.668 4.874 CReDITORS: Amounls falling ¢kn within one NET CURRENT ASSETS 18,773 18.773 2.794 2,794 TOTALASSETS LESS CURRENT UA84UTIES CAPITAL AND RESERVES Unrestrlcted funds General fund Restrl¢t•d funds -11.127 29.900 -17,106 19,900 Forthe yearending 3110512021 the cAJmpany was entilkd toexemption under$ection 477 of the Cornpanies Aei 2006 reSaiin9 to small Companies. The members have nc4 required Ihe comparty ioobtain an autht Ni &cordance wlth sectM)n 476 oflhe Companles Act 2006. The directors acknoyrfledge their responsitslilÈes for ¢wplwng with the requiwernen15 of Ihe Act with resped lo accounknng recoFds and preparalion of xcounts. Tbese accounts have been wepared in ac£ordancewryth the provEiorts aPPcable tocompanies subject tothe small ¢ompaTries regime. Approved by ttte board oftrustee5 on 02120241he1r behir Raymond Lynn Trustee pw8
FairAction NOTES TO THE ACCOUlffS FOR TrEYEARENDEO 3110Y2023 1. ACCOUNTING POLICIES la. Basis of Aeeountirtg The accounts have been prepared underthe histo1¢te0¥ertl0fv. The aontS h8¥e been pPa in OrdanCewth FRS102-1A. The Finala1 Reporb"ng stdArd apse8b1e in the UK and Rewblic of Ireld and the CompaThesAct 2(th and tr WU1Ments SleThnt of ROrnMended Prath, Accounting and Repo"n9 by Chafiti•s. 11x Incomlng Resources All irtoming resource5 are induded on the StateThni ol Fina Acii¥tyS when thecharity is legalty entilled to the income and lh8 8rnount can be quantifie(I with On84¢ atturw. 1c. ReaourcesExpended Expenditufe is accounted tron an ual$ basis and has beencIassi under he&Jings th81 aggwate all cost rel8led to the calegory. Where costs cannot be direcuy attritArted to particularhelings they have been aifocated to activthes on a basis consistenl with the use of resources. 1d. Alloeation and ApWli0tht olcosts JI wsls relat? to the SI1? actsvity olthethartatye company andare rwwsed aLdIn. lè. Fund Aeeount•ng Unrestricted fvnds can be u in dance ¥hth thechwitith olycbves at the drOn ofts trustees. Restricted lunds can only be used lor particular $trthd purwjseswithin theotiects ofthecharity. Resliictions arise vthen specified by the donoror Wh hJnds are rnis•d for parkular restrKled puwes. De&gn8t•d funds ar¢ funds set by t tnBt¢e$ out tsl unr•strtyl general fvrtsforthspètsfi¢ fvturn WFPOSè$ Oi projects. If. Turno¥gr Tumover represents the irwi1 vahJeofwtyJs and servre5 by the coTr¥)any. net of¥aueadded and trarje discounts.
FairAction 2. DEBTORS 2023 2022 Arnounts falling dueitlin one year Trade debtors LIMITED BY GUARA1EE The company 1$ limited by gu1¢0 and dots ftcl havo.a slwe Cap. Eh menergves a 9uaranlee to contribute a sum not £1. to Ih¢ ¢omp•ny shId it be wound up. At 31512023 ihero Twere 4 members. UNRESTRICTED FUNOS 8rW Incoming Oiit90in9Tr•nsfers Carried fonvard General fund (T.1LKI (7.1C6} 16,917 16.917 10.938 10,938 -1.127 -1,127 5. RESTRICTED FUIIDS Brought Incoming OutgoingT¢ansf•Ys Carri f¢nvard 10,000 19,9) p#gt 10
FalrAction 6. TAXATION The Charity is exempl from tsx on IrtOr and gains lIn section 505 rAtheTaxes Act 19)8 or seCtn 252 of Ih? taxation ofchargeable Gains Act 1992 to extent that tIe appkd to its cltailatle ctlects. page 11
F4irActbUrt 2023 2022 Ine4)nTing resoure•s Incomlng resourlr0rn qernTr¢ed fur 28.917 15,398 pa9812
FairAction forth• y•ar ended 3110S12023 2022 Expens•s Costs of 99n•ratlng lunds Fundraising Trading Costs Travd & subsistence Sundry expenses ACcoun1an lee Charitabl• Act6vili•s Professional f Accounting fees Travel exnSeS Insurance 349 Bank Char9e Tfarning sesston and proJ&t man•Jenw OlherExpenses DIreCr$. Salarie$ IT expenses Consullancy Membership and 6ub8cripIi 60 13 20,100 10.500 3.OCrfJ 10,938 23.672 P0 13