Charity number: 1173707
(England and Wales)
FRATERNITY WITHOUT BORDERS UK
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2023
FRATERNITY WITHOUT BORDERS UK Contents Page For the year ended 31 March 2023
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
FRATERNITY WITHOUT BORDERS UK Report of the Trustees
For the year ended 31 March 2023
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2023. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity FRATERNITY WITHOUT BORDERS UK Charity registration number 1173707 Principal address 64-66 Willesden Lane London NW6 7SX
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Gilson Guimaraes Beatriz Rocha Cristine Balarine Independent examiners SJPR Accountants Ltd 225 Capham Road London SW9 9BE
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 14 November 2023 Gilson Guimaraes
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Independent Examiners Report to the Trustees
FRATERNITY WITHOUT BORDERS UK
For the year ended 31 March 2023
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sansao Rodrigues
SJPR Accountants Ltd 225 Capham Road London SW9 9BE
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FRATERNITY WITHOUT BORDERS UK
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2023
| Notes Income and endowments from: Donations and legacies 2 Investments 3 Total Expenditure on: Raising funds 4 Charitable activities 5/6 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 46,791 74 46,865 (179) (49,110) (49,289) (2,424) 3,447 1,023 |
2022 £ 59,730 - |
|---|---|---|
| 59,730 | ||
| - (57,350) |
||
| (57,350) | ||
| 2,380 1,067 |
||
| 3,447 |
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FRATERNITY WITHOUT BORDERS UK Statement of Financial Position
As at 31 March 2023
| Notes Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 10 Total funds |
£ 2023 1,023 1,023 1,023 1,023 1,023 1,023 1,023 |
£ 2022 3,447 |
|---|---|---|
| 3,447 | ||
| 3,447 | ||
| 3,447 | ||
| 3,447 | ||
| 3,447 | ||
| 3,447 |
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
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with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Gilson Guimaraes Trustee
14 November 2023
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FRATERNITY WITHOUT BORDERS UK
Notes to the Financial Statements
For the year ended 31 March 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
FRATERNITY WITHOUT BORDERS UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
2. Income from donations and legacies
| Unrestricted funds Donations received nvestment income Unrestricted funds Bank interest receivable xpenditure on generating donations and legacies Unrestricted funds Support costs |
2023 £ 46,791 46,791 2023 £ 74 74 2023 £ 179 179 |
2022 £ 59,730 |
|---|---|---|
| 59,730 | ||
| 2022 £ - |
||
| - | ||
| 2022 £ - |
||
| - |
3. Investment income
4. Expenditure on generating donations and legacies
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FRATERNITY WITHOUT BORDERS UK Notes to the Financial Statements Continued
For the year ended 31 March 2023
5. Costs of charitable activities by fund type
| Unrestricted funds Social Project in Mozambique Support costs |
2022 2023 £ £ 52,615 41,854 4,735 7,256 57,350 49,110 |
|---|---|
6. Costs of charitable activities by activity type
| Activities | Support | 2023 | 2022 | |
|---|---|---|---|---|
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| Social Project in Mozambique | 41,854 | 7,256 | 49,110 | 57,350 |
7. Analysis of support costs
| nalysis of support costs | ||||
|---|---|---|---|---|
| Raising | Social | 2023 | 2022 | |
| funds | Project in | |||
| Mozambique | ||||
| £ | £ | £ | £ | |
| Management | - | 1,056 | 1,056 | 2,775 |
| IT | 179 | - | 179 | 95 |
| Governance costs | - | 6,200 | 6,200 | 1,865 |
| 179 | 7,256 | 7,435 | 4,735 |
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accountancy fees | 432 | 288 |
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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Notes to the Financial Statements Continued
FRATERNITY WITHOUT BORDERS UK
For the year ended 31 March 2023
10. Movement in funds
Unrestricted Funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2022 | resources | resources | 31/03/2023 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 3,447 | 46,865 | (49,289) | 1,023 |
| 3,447 | 46,865 | (49,289) | 1,023 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2021 | resources | resources | 31/03/2022 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 1,067 | 59,730 | (57,350) | 3,447 |
| 1,067 | 59,730 | (57,350) | 3,447 |
Purpose of unrestricted Funds
General
The FWB’s investment policy consists of investing most of the money raised in our social projects in Mozambique, whilst our policy on reserves consists of keeping a minimum cash at the bank to be used to cover expenses of the charity’s fundraising events in the UK.
11. Analysis of net assets between funds
| Net current | Net Assets | |
|---|---|---|
| assets / | ||
| (liabilities) | ||
| £ | £ | |
| Unrestricted funds | ||
| General | ||
| General | 1,023 | 1,023 |
| 1,023 | 1,023 |
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FRATERNITY WITHOUT BORDERS UK Notes to the Financial Statements Continued
For the year ended 31 March 2023
| Previous year Unrestricted funds General General |
Net current assets / (liabilities) Net Assets £ £ 3,447 3,447 |
|---|---|
| 3,447 3,447 |
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FRATERNITY WITHOUT BORDERS UK Detailed Statement of Financial Activities
For the year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENT | ||
| Donations and legacies | ||
| Donations | 46,791 | 59,730 |
| 46,791 | 59,730 | |
| Investments | ||
| Bank interest receivable | 74 | - |
| 74 | - | |
| Total incoming resources | 46,865 | 59,730 |
| EXPENDITURE | ||
| Charitable activities | ||
| Cost of direct charitable activity | (41,854) | (52,615) |
| (41,854) | (52,615) | |
| SUPPORT COSTS | ||
| Management | ||
| Management | (1,056) | (2,775) |
| (1,056) | (2,775) | |
| IT | ||
| IT | (179) | - |
| IT | - | (95) |
| (179) | (95) | |
| Governance costs | ||
| Governance costs | (6,200) | (1,865) |
| (6,200) | (1,865) | |
| Total resources expended | (49,289) | (57,350) |
| Net Expenditure | (2,424) | 2,380 |
9 of 9 This page does not form part of the statutory financial statements