Registered Charity Number :- 1173707 ## FRATERNITY WITHOUT BORDERS UK ## TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR END 31 March 2024 FRATERNITY WITHOUT BORDERS UK 53 Aurora Apartments Wandsworth info@fraternitywithoutborders.co.uk FRATERNITY WITHOUT BORDERS UK CONTENTS FOR THE YEAR ENDED 31 March 2024 2 FRATERNITY WITHOUT BORDERS UK TRUSTEES' REPORT FOR THE YEAR ENDED 31 March 2024 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 Rudgerio Rossi Fermo Silva Rossi Fermo 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 ............................................................................. 09 December 2024 Gilson Guimaraes 3 FRATERNITY WITHOUT BORDERS UK INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 March 2024 I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024. ## 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: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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 to enable a proper understanding of the accounts to be reached. ........................................................................................... ## Sansao Rodrigues SJPR Accountants Ltd 225 Capham Road London SW9 9BE 4 FRATERNITY WITHOUT BORDERS UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2024 |Recommended categories by
activity
Notes
Income and endowments
from:
Donations and legacies
2
Investments
3
Total
Expenditure on:
Raising funds
4
Charitable activities
5
Total
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward|Unrestricted funds
£
Total Funds 2024
£
Total Funds 2023
£
22,235.19
22,235.19
46,790.50
-
-
73.85| |---|---| ||22,235.19
22,235.19
46,864.35| ||2,398.98
2,398.98
3,806.64
16,885.85
16,885.85
45,481.84| ||19,284.83
19,284.83
49,288.49| ||2,950.36
2,950.36
(2,424.14)| ||2,950.36
2,950.36
(2,424.14)
1023.00
1,023.00
-| ||3973.36
3973.36
1,023.00| 5 FRATERNITY WITHOUT BORDERS UK BALANCE SHEET FOR THE YEAR ENDED 31 March 2024 |Recommended categories by
activity
Notes
Current assets
Cash at bank and in hand
7
Total current assets
Total net assets or liabilities
Funds of the Charity
Unrestricted funds
8
Restricted income funds
8
Endowment funds
8
Total funds|Unrestricted funds
£
Total Funds 2024
£
Total Funds 2023
£
3,973.37
3,973.37
1,023.01
3,973.37
3,973.37
1,023.01| |---|---| ||3,973.37
3,973.37
1,023.01| ||3973.36
3973.36
1,023.00
-
-
-
-| ||3973.36
3973.36
1,023.00| The financial statements were approved by the Board on 06-Dec-2024 and signed on its behalf by: Gilson Guimaraes Chair 6 FRATERNITY WITHOUT BORDERS UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 ## 1 Accounting Policies ## 1.1 Accounting Policies The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. ## 1.2 Basis of preparation These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. ## 1.3 Going concern The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. ## 1.4 Income from donations or grants Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o"er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred. ## 1.5 Income from charitable activities Income from charitable activities is recognised over the period to which the income relates. Concert fees are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent is recognised over the period to which it relates. Any amounts relating to future periods are deferred. ## 1.6 Expenditure Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered. Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members. Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent. All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis. Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity. ## 2 Income from Donations and Legacies 7 FRATERNITY WITHOUT BORDERS UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 |Analysis
Donations|Unrestricted funds
£
22,235.19
22,235.19|Total funds 2024
£
22,235.19
22,235.19| |---|---|---| ## 3 Income from Investments |Analysis
Interest income|Total funds 2024
£
-
-|Total funds 2023
£
73.85| |---|---|---| |||73.85| ## 4 Expenditure on Raising Funds |Analysis
IT
Support Costs|Total funds 2024
£
429.96
1,969.02
2,398.98|Total funds 2023
£
178.65
3,628.00| |---|---|---| |||3,806.64| ## 5 Expenditure on Charitable Activities |Analysis
Cost of direct charitable
Activity
Donations
Advertising and marketing
Support Costs|Total funds 2024
£
12,533.83
1,000.00
1,383.00
1,969.02
16,885.85|Total funds 2023
£
18,391.10
21,550.00
1,912.75
3,628.00
45,481.84| |---|---|---| ## 6 Support Costs 8 FRATERNITY WITHOUT BORDERS UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 |Analysis
Entertainment
Office Supplies
Accountancy Fees
Legal Fees
Premises Costs
Motor and Travel Expenses
Bank charges
Room Hire
Printing and stationery|Total funds 2024
£
509.12
94.67
-
24.00
670.18
413.35
1,575.21
-
651.51
3,938.04|Total funds 2023
£
-
263.65
432.00
3,012.00
133.49
1,050.87
585.98
986.00
792.00| |---|---|---| |||7,255.99| ## 7 Cash at bank and in hand |Metro Bank
Paypal
Cash at bank and on hand|Total funds 2024
£
525.18
1,860.58
1,587.61
3,973.37|Total funds 2023
£
323.09
699.92
-| |---|---|---| |||1,023.01| ## 8 Charity funds ## 8.1 Details of material funds held and movements during the CURRENT reporting period |Fund names
Unrestricted funds
General Fund
Total|Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains
and
losses
Fund
balances
carried
forward
£
£
£
£
£
£| |---|---| ||1,023.00
22,235.19
(19,284.83)
-
-
3,973.36| ||1,023.00
22,235.19
(19,284.83)
-
-
3,973.36| 9 FRATERNITY WITHOUT BORDERS UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 ## 8.2 Details of material funds held and movements during the PREVIOUS reporting period |Fund names
Unrestricted funds
General Fund
Total|Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains
and
losses
Fund
balances
carried
forward
£
£
£
£
£
£| |---|---| ||3,447.00
46,864.35
(49,288.49)
-
-
1,023.00| ||3,447.00
46,864.35
(49,288.49)
-
-
1,023.00| ## 8.3 Transfers between funds This Year |This Year||| |---|---|---| ||Amount|| ||£|| |Between unrestricted and restricted funds||-| |Between endowment and restricted funds||-| |Between endowment and unrestricted funds||-| |Last Year||| ||Amount|| ||£|| |Between unrestricted and restricted funds||-| |Between endowment and restricted funds||-| |Between endowment and unrestricted funds||-| 10