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2022-12-31-accounts

Charity registration number 1171737

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms Francesca Griffiths (Chair)
Ms Mariavittoria Rava
Ms Natasha Petiton (Appointed 7 September 2022)
Ms Vanessa Barade (Appointed 7 September 2022)
Charity number 1171737
Principal address C/O Child and Child
22 King Street
London
SW1Y 6QY
Independent examiner John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Statement of financial position 9
Notes to the financial statements 10 - 20

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the CIO's constitution, the Charities Act 2011 and "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

(a) the advancement of education;

(b) the prevention or relief of poverty;

(c) the relief of those in need because of ill health, disability, financial hardship or other disadvantage; worldwide, but in particular in Latin America and the UK, amongst young people and their families by providing or assisting by making grants towards the provision of care, education, training and healthcare programmes; and

(d) advancing the charitable objects, values and mission of NPH international founded by Father William B. Wasson, as may be determined from time to time, provided that such objects, values and mission remain compatible of with the objects the CIO.

NPH UK works closely with our parent organisation, NPH International. NPH offers vulnerable and disadvantaged children and young adults a way out of poverty by providing healthcare, education and nutritious food. Most importantly, they receive unconditional love. Wherever possible, NPH programmes support children in their own homes, with their own families. If that is not possible, they may join the NPH family in one of NPH’s residential care homes.

Achievements and performance

The trustees met remotely five times during 2022 (in January, May, September, November and December). There were some important changes in the team throughout the year.

At the end of January, Jean-Christophe Bertrand resigned from the board after completing his three-year term. The board would like to express their gratitude to him for all his hard work, ceaseless commitment and excellent contributions. In particular, his experience in management and close work with the charity director helped with the establishment of new policies and procedures, a useful CRM, robust financial reporting and the annual budget, all of which were fundamentally important for the charity. Equally valued was his ability to motivate the team during the very challenging two years when Covid-19 had a profound impact on our operations.

In September, following our successful application to the ‘BoardLead’ programme run by U.S. based firm Cause Strategy Partners that helps charities to recruit new trustees and companies to provide this opportunity to interested employees, we were very pleased to welcome two new board members. Natasha Petiton and Vanessa Barade, both of whom are passionate about our mission, are highly-experienced professionals working at Executive Director level, Natasha as Head of Product Strategy EMEA at J.P. Morgan Asset Management and Vanessa as Global Change Management and Innovation Lead at J.P. Morgan Chase & Co. One of their first endeavours was to introduce new people to NPH UK from their networks at our Christmas ball in November.

With Covid-19 restrictions eased, we were able to hold three in-person fundraising events during the year with the support of a small group of dedicated and skilled volunteers. At each event, we promoted regular giving opportunities, such as child sponsorship and support for university students, and included income-enhancing raffles and auctions. The trustees are very grateful to the venues, auction and raffle sponsors, and musicians who supported these initiatives.

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

We were also pleased to be approached by two young women who organised a concert in aid of Ukraine in April 2022. The women chose to split the proceeds between a charity called British-Ukrainian Aid and NPH UK. The concert raised over £10,600 and we were pleased to assign over £4,500 to our partner Fondazione Francesca Rava- NPH Italia ETS to be used for their emergency appeal which provided aid and support to Ukrainian children and families affected by the war.

We continued to enhance our digital communication and fundraising, working closely with skilled volunteers. Our on-line presence through our website, social media channels and donation platforms increased our visibility and reach.

We created and facilitated fundraising and engagement opportunities in the areas of individual giving and community fundraising.

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

After a successful first year in 2021, we continued with our strategy to explore funding opportunities with charitable trusts and foundations. We submitted six grant proposals throughout 2022 and received positive responses and a total of almost £5,000 from three. We were very grateful for the support of these trusts:

As per the grant applications, 90% of funds received was allocated to restricted income and sent to the projects in NPH programme countries and 10% was allocated to unrestricted income to support with project development overheads.

We maintained our focus on strategic partnerships throughout 2022. Thanks to our collaboration with fellow NPH organisation in Italy, Fondazione Francesca Rava NPH Italia ETS, we embarked upon a project to empower disadvantaged young people in the UK following corporate donor Loro Piana’s offer to facilitate an expansion of a similar project run by NPH Italy to NPH organisations based in Europe.

This resulted in a partnership between NPH UK and IRMO, Indoamerican Refugee and Migrant Organization, a London-based charity that helps recently arrived young Latin American migrants to find their feet in London by providing educational, personal and professional development opportunities. We provided a grant of £3,000 to IRMO to support young people in their Latin America Youth Forum to become employment-ready through the ‘Way to Independence’ project. We participated in sessions run by IRMO with the young people they empower and arranged a tour of Loro Piana’s flagship store for one of the young project beneficiaries.

We were also thrilled to receive a large corporate donation for the first time from a company owned by a supporter who had been introduced to NPH UK through attending one of our events back in early 2020. After meeting with the donor who had expressed an interest in support NPH Haiti’s St. Damien Paediatric Hospital and proposing two alternative programmes to fund, we were delighted to receive a substantial donation in July. The donor decided for the funds to be allocated to the life-saving work of the hospital’s Emergency Room. We continued to engage the donor with invitations to our events and opportunities to meet with key St. Damien hospital staff, and we hope that this will mark the beginning of a longstanding partnership.

In September, thanks to the support of Nicholas Rogers, NPH International Director of Communications, we established a partnership with the Roman Catholic Parish of St. Joseph’s Malvern. Nicholas gave a talk to members of the church’s community at their One World Group’s Parish Supper. This resulted not only in a small donation from the group that split the proceeds from contributions given on the night, but also in interest from some of those who attended in how to support NPH and requests to be signed up to our e-newsletter. One person also donated via our website and another offered to spend her long-service work sabbatical volunteering for us. This would take place for two weeks in June 2023 in collaboration with our director.

Our grant-making in 2022 focused predominantly on restricted donations. Given our increased level of income which exceeded £250,000 for the first time since NPH UK was established in 2017, we were able to send grants of varying sizes to the total value of £131,413 to all nine NPH national programmes in 2022, compared with £15,913 in 2021.

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

We funded the life-saving work of NPH Haiti’s St Damien Paediatric Hospital with a substantial contribution towards their Emergency Room programme made possible by the aforementioned corporate donation. Thanks to an ongoing individual donation, we continued to support staffing costs at NPH Haiti’s physiotherapy programme that works with children with disabilities and adults suffering from illness and disabilities. We gave a grant to contribute to NPH Peru’s nutrition programme with the support of community fundraisers. We partially funded NPH Guatemala’s day care centre which provides young children with a safe place to develop while enabling their families to earn an income, thanks to a grant from Tula Trust Ltd. The grant from The Grace Trust enabled us to contribute towards NPH Honduras’ disability programme, specifically providing clothing to the children and young adults at Casa de los Angeles. We also sent a grant to NPH Nicaragua which enabled the purchase of 84 new academic books for the students and teachers to use at their on-site schools, thanks to the donation from Gilchrist Educational Trust.

We continued to fund the operational costs of residential care through our child sponsorship programme, as well as special celebrations and activities for the children through contributing to respective countries’ ‘Sharing Funds’.

The trustees are incredibly grateful for the generosity and loyalty of all our supporters and volunteers. In addition to monetary donations, the charity continued to receive gifts in kind in 2022, specifically raffle and auction items for our events with a value of around £12,500, as well as the pro-bono service of our pay-roll accountant, event photography, flower arranging and graphic design. We are also hugely appreciative of the many committed and talented volunteers who supported us with event planning and execution, important administrative and translation tasks, and on-going communication initiatives. Around 20 volunteers gave us approximately 300 hours of their time and skills throughout 2022. Among them was an A-level student who had previously completed his Duke of Edinburgh Silver Award with us and subsequently volunteered during the year as an on-line Maths tutor to pupils at NPH Mexico.

Financial review

The CIO’s work is dependent on income raised through events and donations from the public, charitable trusts and foundations, and companies. This year was a very positive year for NPH UK from a fundraising perspective. Our total income increased from £42,257 in 2021 to £252,243 in 2022. We were able to raise substantial funds from events (£88,897), increase the level of recurring income to around £9,600, and secure £125,140 in grants from a combination of charitable trusts and corporates.

Expenditure also increased from £62,890 in 2021 to £221,937 in 2022. This was due principally to much higher grant-making levels - £140,472 in 2022 compared with £15,913 the previous year. Our staff costs remained the same and our support costs decreased from £6,002 to £5,217, mainly thanks to a saving of over £1,500 arising from the decision not to renew our contract for a desk space for the director who would work solely from home. Governance costs increased from £840 to £2,160 due to the need to produce accrual accounts because of annual income exceeding £250,000. Fundraising expenses also increased from £5,115 to £39,118 as a result of organising more fundraising events.

As at 31 December 2022, NPH UK had net assets of £77,321, compared with £47,015 at the close of 2021. There was a surplus on unrestricted funds in the year after transfers of £30,731, leaving unrestricted reserves carried forward of £68,939. There was a deficit on restricted funds in the year after transfers of £967, leaving restricted reserves carried forward of £7,840.

Reserves policy

The trustees agreed that 50% of the charity's budgeted annual running costs plus management and administration costs, would continue to be necessary and sufficient. This was calculated to be £22,000. At the year end reserves of £21,271 were held.

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Risk Management

The trustees, in their responsibility to identify, assess and manage risks, approved the 2022 reserves policy in January. The remaining five policies and procedures including finance and expenses, confidentiality, conflicts of interest and data protection had been reviewed in December 2021 and would be reviewed again in February 2023. Financial results were monitored on a quarterly basis and a year-end forecast enabled the trustees to make prudent decisions about grant-making. The budget for the following year was presented and approved in December 2022. Between meetings, discussion and some operational decisions took place over email. Regular meetings with supporting documentation provided by the charity director enabled the trustees to take decisions on strategies pertaining to fundraising, running costs, trustee recruitment and grant-making.

Structure, governance and management

Nuestros Pequeños Hermanos United Kingdom (NPK UK) is a CIO registered with the Charity Commission in February 2017. NPH UK is one of 21 NPH organisations worldwide and it exists to support the NPH mission and run fundraising and volunteer programmes.

The charity trustees manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. They may also employ and remunerate staff as are necessary for carrying out the work of the CIO.

The trustees who served during the year and up to the date of signature of the financial statements were:

Ms Francesca Griffiths (Chair)
Mr John Iberle (Resigned 11 July 2023)
Ms Mariavittoria Rava
Ms Natasha Petiton (Appointed 7 September 2022)
Ms Vanessa Barade (Appointed 7 September 2022)
Dr Jean-Christophe Bertrand (Resigned 31 January 2022)

Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. ln selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. NPH International shall have the right to appoint one trustee, whose appointment shall be confirmed by and take effect from the date of a resolution subsequently passed by the charity trustees.

NPH UK also has a part-time director to manage the operations of the charity and work closely with the trustees on

setting strategic direction.

The charity also has within its structure an Advisory Board, originally composed of two members. However, one member has now left the UK after starting a family, having provided valuable event management, legal and administration support since NPH UK was first established. The other member has continued to support the charity with his digital communication expertise.

Grant Making Policy

The CIO raises funds and works directly with NPH International to select projects to fund. Following consultation with NPH International, the CIO will pay grants to NPH organisations to fund projects in Latin America and the Caribbean directly advancing the CIO's objectives. For safeguarding of funds, bank accounts of these organisations held at banks in USA may be used. A portion of funds will also go to projects identified in other countries, mainly in the UK, to be in line with NPH ethos, mission and values.

NUESTROS PEQUENOS HERMANOS UNITED KINGDOM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NUESTROS PEQUENOS HERMANOS UNITED KINGDOM I report to the trustees on my examinab.on of the ffinan¢i￿ Statements of Nuestros PeqU￿10S Hemianos Unfted ngdrm (the CIO) for the year ended 31 DeL•mbtr 2022. R¢sponsibilities and basis of ￿pOrt As the trustees of the CIO you are re5pon5ible for the Ffeparation of the finanaal stateM￿ts In accordance vAth Ihe requirements of the Chanb"¢sArt 2011 (the 2011 Acl. I report in respect of my examination of the CIO'S firsanual Stat￿￿ents carried out under seclion 145 of the 2011 Act. In carying out my examinth.on I have fr41oed JI the appI￿￿e Directions given by the Charity Commission under section 14515llbl ofthe 2011 Act Independent examSnerfs stat•m•nt Since the CIO'S 9ro$$ Income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Aci. I confimi Ihat l am qualffied to underiake the examinatiC4) becaLtse l am a rnember of The Assoaation of Chartered CertfiedAccwnlants, V•thich is c￿e of the listed bodies. Your attenbon is drawn to the fact that the tharity has Fryared financ3al statements in aCcOrda￿e vAth Accounting and Reporbng by Charities preparing th￿r acujunts in aCC￿￿8nce the Finanryal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accwnting and Reporting by Charities.. Statement ol Recommended Practr'ce issued 1 Awil 2005 vthtch is rtsred to in the extanl re9ulalions tJt has now been thdrawn. l understand that this has b8en done in for financial statements to wovmje a true fair in acwdan GeneraltyAccepted Ac¢ounling Practice effeciNe ￿ re￿ting ￿lOdS l)eginniny on ( after 1 January 2015. I have completed my examinats"cm. I that no matters have cl￿e to my attenticffl in conneth.on wth the examination gwing me cause to telieve that in any rn3teri￿ resFect.' accounting records were nol kept in respect of the CIO as required by seth.on 130 of the 2011 ACL. or the finanual statements do not accord those reajrds." or the finanaal staternents do not cxjmply the appliCa￿e requwements conceming the form and ¢￿tent of accounts set out in the Chanb"e5 (Accwnts and RepNtsI Regulations 2008 other than any requirement that the accounts give a true and fair wew vknith is not a maltef considered as part of an independent examinatit)n. I have no concems and have come a(yos5 no other matter5 in connection the examination to which attention should be drawn in this rewl in order to enakAe a FYorw understanding of the finanaal statements to be reached. Jo Caladine Limited Chanty House 22 Upperton Road Eastboume East Sussex BN21 1BF Dated.. 25 October 2023

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Restricted Total Unrestricted Restricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes £ £ £ £ £ £
Income from:
Donations and
legacies 3 29,790 133,389 163,179 6,614 18,497 25,111
Other trading
activities 4 84,388 4,509 88,897 17,146 - 17,146
Investments 5 167 - 167 - - -
Total income 114,345 137,898 252,243 23,760 18,497 42,257
Expenditure on:
Raising funds 6 39,118 - 39,118 5,115 - 5,115
Charitable activities 7 45,756 137,063 182,819 41,862 15,913 57,775
Total expenditure 84,874 137,063 221,937 46,977 15,913 62,890
Net incoming/(outgoing)
resources before
transfers 29,471 835 30,306 (23,217) 2,584 (20,633)
Gross transfers
between funds 16 1,802 (1,802) - 1,021 (1,021) -
Net income/(expenditure)
for the year/
Net movement in funds 31,273 (967) 30,306 (22,196) 1,563 (20,633)
Fund balances at 1 January
2022 38,208 8,807 47,015 60,404 7,244 67,648
Fund balances at 31
December 2022 69,481 7,840 77,321 38,208 8,807 47,015

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

2022 2021
Notes £ £ £
Currentassets
Trade and other receivables 13 542
Cashatbankandinhand 80,537 49,523
81,079 49,523
CurrentIliabilities 14 (3,758) (2,508)
Netcurrentassets 77,321 47,015
Incomefunds
Restrictedfunds 16 7,840 8,807
Unrestrictedfunds 69,481 38,208
77,321 47,015

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

Nuestros Pequeños Hermanos United Kingdom is a CIO with Charity Commission registration since 22 February 2017.

1.1 Accounting convention

The financial statements have been prepared in accordance with the CIO's constitution amended 03 February 2022, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 CIO is a Public Benefit Entity as defined by FRS 102.

The CIO has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the CIO is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the CIO has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The CIO has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the CIO's balance sheet when the CIO becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the CIO’s contractual obligations expire or are discharged or cancelled.

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (Continued)

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the CIO is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the CIO’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3 Donations and legacies

Unrestricted Unrestricted Restricted Restricted Total Total
funds funds
2022 2022 2022 2021
£ £ £ £
Donations and gifts 29,322 8,717 38,039 12,921
Grants receivable 468 124,672 125,140 12,190
29,790 133,389 163,179 25,111
Donations and gifts
Donations and gifts 26,923 8,717 35,640 9,494
Gift Aid receivable 2,399 - 2,399 3,427
29,322 8,717 38,039 12,921
For the year ended 31 December 2021
Unrestricted Restricted Total
funds funds
2021 2021 2021
£ £ £
Donations and gifts 4,838 8,083 12,921
Grants receivable 1,776 10,414 12,190
6,614 18,497 25,111
Donations and gifts
Donations and gifts 1,411 8,083 9,494
Gift Aid receivable 3,427 - 3,427
4,838 8,083 12,921

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Other trading activities

Unrestricted Unrestricted Restricted Restricted Total Unrestricted Unrestricted
funds funds funds
2022 2022 2022 2021
£ £ £ £
Fundraising events 84,388 4,509 88,897 17,146
5 Investments
Unrestricted Total
funds
2022 2021
£ £
Interest receivable 167 -
6 Raising funds
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Fundraising and publicity
Staging fundraising events 38,838 4,851
Digital fundraising costs 280 264
39,118 5,115

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Charitable activities

2022 2021
£ £
Staff costs 35,020 35,020
Grant funding of activities (see note 8) 140,422 15,913
Share of support costs (see note 9) 5,217 6,002
Share of governance costs (see note 9) 2,160 840
182,819 57,775
Analysis by fund
Unrestricted funds 45,756 41,862
Restricted funds 137,063 15,913
182,819 57,775
8 Grants payable
2022 2021
£ £
Grants to institutions:
NPHI USA grants to NPH beneficiaries 131,413 15,913
NPH Italia ETS Ukraine grants 6,009 -
IRMO Independence project 3,000 -
140,422 15,913

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

9 Support costs

Support costs
Support
Governance		 2022 Support
Governance		 2021
costs costs costs costs
£ £ £ £ £ £
Charity management and
administration 3,309 - 3,309 3,123 - 3,123
Bank charges 859 - 859 284 - 284
Printing, postage &
stationary 48 - 48 8 - 8
Rent 186 - 186 1,800 - 1,800
Insurance 815 - 815 787 - 787
Accountancy - 1,620 1,620 - 560 560
Independent Examination - 540 540 - 280 280
5,217 2,160 7,377 6,002 840 6,842
Analysed between
Charitable activities 5,217 2,160 7,377 6,002 840 6,842

10 Trustees

No trustees received any remuneration or benefits from the CIO during the year.

11 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
1 1
Employment costs 2022 2021
£ £
Wages and salaries 34,000 34,000
Other pension costs 1,020 1,020
35,020 35,020

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

13 Trade and other receivables

13 Trade and other receivables
2022 2021
Amounts falling due within one year: £ £
Gift Aid debtor 542 -
14 Current liabilities
2022 2021
£ £
Other taxation and social security 1,598 1,668
Accruals and deferred income 2,160 840
3,758 2,508

15 Retirement benefit schemes

Defined contribution schemes

The CIO operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the CIO in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,020 (2021 - £1,020).

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Balance at Incoming
Resources		 Transfers Balance at
1 January 2022 resources expended 31 December
2022
£ £ £ £ £
Child sponsorship 4,787 8,940 (5,744) (1,345)
6,638
Sharing funds 336 5,170 (4,537) (451)
518
UK young women’s empowerment
project 3,000 - (3,000) - -
El Salvador university scholarships 600 - - - 600
Haiti disability support 84 120 (120) - 84
Haiti St Damien Hospital emergency
room - 114,729 (114,727) (2)
-
Nicaragua education project - 950 (950) - -
Guatemala day care centre project - 1,800 (1,796) (4)
-
Honduras disability project - 1,680 (1,680) - -
Ukraine appeal - 4,509 (4,509) - -
8,807 137,898 (137,063) (1,802)
7,840

Movements for the year ended 31 December 2021

Movement in funds Movement in funds Movement in funds
Balance at Incoming
Resources
Transfers		 Balance at
1 January 2021 resources expended 31 December
2021
£ £ £ £ £
Child sponsorship 6,007 6,393 (6,605) (1,009) 4,787
Sharing funds 493 1,089 (1,245) - 336
UK young women’s empowerment
project - 3,000 - - 3,000
El Salvador university scholarships 600 - - - 600
Haiti disability support 84 120 (114) (6) 84
Bolivia primary education project - 4,194 (4,194) - -
Haiti earthquake campaign - 278 (275) (3) -
Guatemala mental health project - 900 (900) - -
Peru & Bolivia restricted donations 60 - (60) - -
Haiti political crisis campaign - 203 (200) (3) -
Mexico greenhouse expansion project - 2,320 (2,320) - -
7,244 18,497 (15,913) (1,021) 8,807

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

16 Restricted funds (Continued)

Child sponsorship: donations from individuals to support vulnerable children across NPH country programmes living in residential care and disadvantaged communities.

Sharing funds: donations from individuals to support NPH country programmes to organise birthday/ Christmas celebrations and recreational activities for children living in residential care and disadvantaged communities.

UK Young women's empowerment project: grant received from Fondazione Francesca Rava - NPH Italia ETS through corporate partnership and awarded to IRMO to benefit their youth empowerment programme beneficiaries.

El Salvador university scholarships: donation from individual to support university studies of young people in NPH El Salvador.

Haiti disability support: donation from individual assigned to staff costs at NPH Haiti’s programme that supports children and adults with disabilities.

Haiti St Damien Hospital emergency room: large corporate donation of £114,277 and small individual donations of £452 assigned to the emergency room at NPH Haiti’s St Damien Paediatric Hospital.

Nicaragua education project: £900 grant from Gilchrist Educational Trust and small individual donation of £50 assigned to NPH Nicaragua’s school project, predominantly for the purchase of academic books.

Guatemala day care centre project: grant from The Tula Trust Ltd assigned to NPH Guatemala’s day care

centre project that supports vulnerable children and families.

Honduras Disability Project: grant from The Grace Trust assigned to NPH Honduras’ project at Casa de los Angeles that supports children and young adults with complex disabilities.

Ukraine Appeal: proceeds received from fundraising concert ‘Friends for Ukraine’ (split between NPH and British-Ukrainian Aid) and assigned to Fondazione Francesca Rava - NPH Italia ETS to support children and families directly affected by the war in Ukraine.

17 Analysis of net assets between funds

Unrestricted
Restricted
Total		 Unrestricted
Restricted
Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Fund balances are represented by:
Current assets/(liabilities)
69,481		 7,840 77,321 38,208 8,807 47,015
69,481 7,840 77,321 38,208 8,807 47,015

NUESTROS PEQUEÑOS HERMANOS UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

18 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2022 2021
£ £
Aggregate compensation 35,020 35,020

The charity donated £6,009 to Fondazione Francesca Rava - NPH Italia ETS in the year, of which Ms Mariavittoria Rava is President.