## **Trustees’ Annual Report for the period**
**From** 22/10/2020 **Period start date To** 31/12/2021 **Period end date**
**Charity name:** International Centre for World Peace
## **Charity registration number:** 1191940
This annual report is created in accordance with the Charity Commissions guidance on Public benefit: reporting (PB3) and according the Statement of Recommended practice (FRSSE SORP). This report explains to the Charity Commission how the International Centre for World Peace (ICFWP) provides a public benefit and the financial state of the charity. It is important to clarify that although, the charity has been registered since 22/10/2020, the charity was only able to begin its operations 12/6/2021 due to significant delays getting a bank account opened. The delay in getting the bank account opened was caused by the banks very large backlog of applications due to the Covid 19 pandemic.
## **Annual Report and accounts: International Centre for World**
## **Peace**
The ICFWP had an income of £24,989. Since the charity’s income is below the audit threshold no external examination is necessary.
## **Objectives and Activities**
The object of the ICFWP is: For the public benefit, to advance the Christian faith anywhere in the World in accordance with the statements of belief appearing in the schedule, in particular but not exclusively by:
- Providing non-denominational religious education through lectures, worship and meetings via a virtual sanctuary;
- Producing podcasts, literature and online resources to enlighten others about the Gospel of Jesus Christ and the Kingdom of God.
## **Activities**
All the ICFWP activities have been in line with the object of advancing the Christian faith anywhere in world. The ICFWP provides a public benefit by providing religious communication in accordance with the Charity Commission’s guidance on public benefit: reporting (PB3) in the formats expressed in the object.
As an online Christian learning community the ICFWP reaches people from all over the world. The public benefit of providing religious communication is carried out though delivering educational services with the aim of helping Christian believers understand their potential, purpose, role, responsibilities and future according to the Christian faith as it is explained in the Bible. These educational services explain the historical, current, and future aspects of God’s plan for world
**Email:** info@icfwp.org **Address:** 27 Byron Avenue, Coulsdon, Surrey, CR5 2JS
peace, and they are delivered through various channels of media: the ICFWP homepage, social media, and the VR event space. By collaborating with various educational and Christian organisations, the ICFWP interviews and hosts a wide variety of Bible teachers bringing different Christian faith communities together to give the public a better understanding about the Biblical narrative and how it relates to them now and in the future. The ICFWP works to grow this online community through promoting content on Facebook, Instagram and YouTube. The ICFWP used Facebook advertising to build awareness of the charities content and activities. Below is a summarised outline of key activities the ICFWP pursued to achieve its object.
During the period of 12/6/2021 to 31/12/2021 the ICFWP has provided the following activities:
- Ran 3 promotional advertisement campaigns on Facebook.
- Hosted 9 lectures
- Published 6 podcasts interviewing Bible teachers and experts on various Biblical themes.
- Published 13 blog articles on biblical themes related to the Gospel of Jesus and the Gospel of the Kingdom of God.
## **Achievements and performance**
Because the ICFWP primarily provides its services to the public through digital media, performance in this report is measured based on metrics from internet platforms. The ICFWP had an average number of between 6-20 people attending the events. Although, the ICFWP has few attending virtual meetings, awareness for the ICFWP messages and content is growing and receiving positive engagement. In addition to the metrics presented below many people have personally expressed their appreciation and gratitude to the ICFWP for its services explaining that they find the services educational or inspire hope.
## **Growth**
- Number of new Facebook followers 251
- Number of new YouTube subscribers 69
- Number of new subscribers to ICFWP newsletter 72
## **Engagement**
- Average Facebook campaign post reach per day 804
- Average number of Facebook campaign reactions per day: 2.9
- Average views per video on YouTube: 268 views/video for a total of 25 videos
- Total number of YouTube video likes: 115
## **Financial review**
The income received during the period from donations was £24,989. The Charity spent a total of £14,836 in pursuit of the charity’s objectives, leaving net income of £10,153. The total net asset value at the end of the period was £10,153. The trustees are satisfied with the financial performance during the period and with the financial status at the end of the period.
**Email:** info@icfwp.org **Address:** 27 Byron Avenue, Coulsdon, Surrey, CR5 2JS
## **Reserves policy**
As a non-profit making charity the trustees of ICFWP have reviewed the Charity’s need for reserves
in line with guidance issued by the Charity Commission:
- To ensure that the Charity is able to operate during periods of lower income.
- To ensure money is reserved for unexpected events, or any emergencies.
- To ensure our Reserves Policy is in line with our Constitution.
In the early stages the charity will be heavily reliant on the non- remunerated services of the trustees and other volunteers. Therefore, the ICFWP aims to hold £2,000 in the reserve account against unexpected emergency expenditure. This includes but is not limited to:
- Ensure there are sufficient cash reserves in the current account to cover day to day running costs, including staff training & staff meetings.
- Replace equipment as it wears out and carry out necessary maintenance.
- IT-costs.
- Travel expenses.
- Media costs
- Any other reasonable expense agreed by more than half the Committee members.
## **Structure, governance, and management**
The ICFWP is constituted as a charitable incorporated organisation (CIO). The ICFWP has a foundation constitution model so that only trustee members can vote on the charity’s strategic decisions.
In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the ICFWP. New trustees are appointed by a majority vote at a properly convened meeting by the board of trustees.
## **Reference and Administrative details**
The International Centre for World Peace is also known by its abbreviation ICFWP. The ICFWP has trustees, from several other countries. In addition to trustees from England the ICFWP trustees are located in Sweden, Norway and France. The charity’s headquarters is located at 27 Byron Avenue, Coulsdon, Surrey, CR5 2JS. The ICFWP does not currently hold any property. The board of trustees have elected Timothy Stahle as President and Richard Fowler as Vice President who both lead the operations of the charity.
The board of trustees who have served from 22[nd] of October 2020 until the date this report was approved are:
|approved are:||
|---|---|
|**Role**||
|Chairman/President|TimothyStåhle|
**Email:** info@icfwp.org **Address:** 27 Byron Avenue, Coulsdon, Surrey, CR5 2JS
|Vice Chairman/Vice President|Richard Fowler|
|---|---|
|Treasurer|Patrick AnthonyO'Connor|
|Secretary|Cherie Fox|
|Trustee|Jonathan Michael Reedy|
|Trustee|Carl Fredrik Aas|
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary, Chair,**
**etc)**
**Date**|||
|---|---|---|
||Timothy Ståhle||
||
Chairman||
||2022-09-28||
||2022-09-28||
**Email:** info@icfwp.org **Address:** 27 Byron Avenue, Coulsdon, Surrey, CR5 2JS
||Charity No
(if any)
1191940
Period start date
**2020-10-01**
**To**
Period end
date
2021-12-31
International Centre for World Peace
Annual accounts for the period|Charity No
(if any)
1191940
Period start date
**2020-10-01**
**To**
Period end
date
2021-12-31
International Centre for World Peace
Annual accounts for the period|
|---|---|---|
|**Section A**|**Statement of financial activities**||
|**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
1
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
24,989
-
-
24,989
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|||24,989
-
-
24,989
-|
|||457
-
-
457
-
14,169
-
-
14,169
-
210
-
-
210
-
-
-
-
-
-|
|||14,836
-
-
14,836
-|
||||
|||10,153
-
-
10,153
-|
|||-
-
-
-
-|
|||10,153
-
-
10,153
-|
|||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|||10,153
-
-
10,153
-|
|||-
-
-
-
-|
|||10,153
-
-
10,153
-|
||||
## **Section B Balance sheet**
|**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**_Total fixed assets_**
**Current assets**
**Debtors (Note 19)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B05
B07
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**Unrestricted**
**funds**
**£**
F01
829
1,058|
**Restricted**
**income**
**funds**
**£**
F02
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
-
829
-
1,058|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|---|
||||||-
-|
|||1,887|-|-
1,887|-|
|||4,377
10,327|-
-|- 4,377
-
10,327||
||||||-
-|
|||14,704|-|-
14,704|-|
||||||-|
|||6,438|-|- 6,438||
|||||||
|||8,266|-|-
8,266|-|
|||||||
|||10,153|-|**-**
10,153|-|
||||||-
-|
|||-
-|-
-|- -
-
-||
|||||||
|||10,153|-|-
10,153|-|
|||-
2,000
8,153|-|-
2,000
- 8,153
-||
||||||-
-
-|
|||10,153|-|-
10,153|-|
|||Signature||Print Name|Date of
approval
dd/mm/yyyy|
CC17a (Excel)
2
2022-09-28
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
- the Statement of Recommended Practice: Accounting and Reporting by Charities
- • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
- • and with* the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* yes * -Tick as appropriate
## **1.2 Going concern**
## _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
**----- Start of picture text -----**
An explanation as to those factors that support Charity has sufficients funds to maintain it's activities.
the conclusion that the charity is a going
concern;
Disclosure of any uncertainties that make the Not Applicable
going concern assumption doubtful;
Where accounts are not prepared on a going Not
concern basis, please disclose this fact Applicable
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes*
* -Tick as appropriate
No*
Please disclose:
Not Applicable
(i) the nature of the change in accounting policy;
Not Applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information;
and
(iii) the amount of the adjustment for each line affected Not Applicable
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.
**----- End of picture text -----**
## **1.4 Changes to accounting estimates**
**----- Start of picture text -----**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.
**----- End of picture text -----**
## **1.5 Material prior year errors**
|Yes*
No*
No material prior
**_Please disclose_**
**_(i) the nature of_**
**_(ii) for each pri_**
**_amount of the c_**
**_affected; and_**
**_(iii) the amount_**
**_earliest prior pe_**|year erro|r have been identified in the reporting period (3.47 FRS 102 SORP).|
|---|---|---|
|||* -Tick as appropriate|
||**_:_**
**_the prior_**
**_or period_**
**_orrection_**
**_of the co_**
**_riod pres_**|**_period error;_**
**_presented in the accounts, the_**
**_for each account line item_**
**_rrection at the beginning of the_**
**_ented in the accounts._**|
CC17a (Excel)
3
2022-09-28
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.2 INCOME**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
|**Recognition of income**
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|
|**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|
**----- Start of picture text -----**
The charity has has investments which it holds for resale or pending their sale and cash and cash Yes No N/a
equivalents with a maturity date less than one year. These include cash on deposit and cash
Current asset investments
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 23,362 - - 23,362 -
and legacies: Gift Aid 1,627 - - 1,627 -
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 24,989 - - 24,989 -
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 24,989 - - 24,989 -
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
not applicable
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
not applicable
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
not applicable
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
not applicable
**----- End of picture text -----**
CC17a (Excel)
2022-09-28
57
## **Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
**----- Start of picture text -----**
This year Last year
Restricted
Unrestricted Restricted Endowment Unrestricted income Endowment
Analysis funds income funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations 457 - - 457 - - - -
Incurred seeking legacies
- - - - - - - -
Incurred seeking grants
- - - - -
Operating membership schemes and
social lotteries
- - - - -
Staging fundraising events
- - - - -
Fudraising agents
- - - - -
Operating charity shops
- - - - -
Operating a trading company
undertaking non-charitable trading
activity - - - - -
Advertising, marketing, direct mail and
publicity - - - - - - - -
Start up costs incurred in generating
new source of future income
- - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - -
Investment management costs: - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds 457 - - 457 - - - -
Expenditure on charitable activities:
Computer& IT and Office 4,934 - - 4,934 - - - -
Travel & Subsistence Expense 7,953 - - 7,953 - - - -
Media & Advertising 1,263 - - 1,263 - - - -
Bank Charges 19 19
- - - - - - - -
Total expenditure on charitable
activities 14,169 - - 14,169 - - - -
Separate material item of expense
Depreciation 210 - - 210 - - - -
- - - - - - - -
- - - - - - - -
Total 210 - - 210 - - - -
Other
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total other expenditure - - - - - - - -
TOTAL EXPENDITURE 14,836 - - 14,836 - - - -
**----- End of picture text -----**
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## **Section C Notes to the accounts (cont)**
**Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_
**14.1 Cost or valuation**
|**14.1 Cost or valuation**|||||||||
|---|---|---|---|---|---|---|---|---|
|||**Freehold land**
**buildings**
**£**|**&**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery**
**and motor**
**vehicles**
**£**|**Fixtures, fittings**
**and equipment**
**£**||**Total**
**£**|
|At the beginning of the period|||-|-|-||-|-|
|Additions|||-|-|938||238|1,176|
|Revaluations|||-|-|-||-|-|
|Disposals|||-|-|-||-|-|
|Transfers *|||-|-|-||-|-|
|At end of the period|||-|-|938||238|1,176|
|**14.2 Depreciation and impairments**|||||||||
||****Basis**|SL or RB (Straight
Line or Reducing
Balance)||SL or RB|SL or RB|SL|or RB|SL or RB|
||**** Rate**||||||||
||||||||||
|At the beginning of the period|||-|-|-||-|-|
|Disposals|||-|-|-||-|-|
|Depreciation|||-|-|94||24|118|
|Impairment|||-|-|-||-|-|
|Transfers*|||-|-|-||-|-|
|At end of the period|||-|-|94||24|118|
|**14.3 Net book value**|||||||||
|Net book value at the beginning of the period|||-|-|-||-|-|
|Net book value at the end of the period|||-|-|844||214|1,058|
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## **14.4 Impairment**
**----- Start of picture text -----**
This year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
Last year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, please provide: This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied and significant assumptions
the carrying amount that would have been recognised had the assets been - -
carried under the cost model.
14.6 Other disclosures
This year Last year
£ £
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of - -
tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible - -
fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
**----- End of picture text -----**
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
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**Section C Notes to the accounts (cont)**
## **Note 15 Intangible assets**
## _**Please complete this note if the charity has any intangible assets**_
## **15.1 Cost or valuation**
|||**Research &**
**development**
**£**|**Research &**
**development**
**£**|**Research &**
**development**
**£**|**Patents and**
**trademarks**
**£**|**Patents and**
**trademarks**
**£**|**Other**
**£**|**Total**
**£**||
|---|---|---|---|---|---|---|---|---|---|
|At beginning of the Period||||-||-|-|-||
|Additions||||-||-|921|921||
|Disposals||||-||-|-|-||
|Revaluations||||-||-|-|-||
|Transfers *||||-||-|-|-||
|At end of the period||||-||-|921|921||
|**15.2 Amortisation and impairments**||||||||||
||****Basis**|SL|or RB||SL or RB||SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")|
||**** Rate**|||||||||
|||||||||||
|At beginning of the Period||||-||-|-|-||
|Disposals||||-||-|-|-||
|Amortisation||||-||-|92|92||
|Impairment||||-||-|-|-||
|Transfers*||||-||-|-|-||
|At end of the period||||-||-|92|92||
|**15.3 Net book value**||||||||||
|Net book value at the beginning||||-||-|-|-||
|of the period||||||||||
|Net book value at the end of the||||-||-|829|829||
|period||||||||||
## **15.4 Accounting policy**
_**Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates To write off value over useful life Policies for the recognition of any capital**_ not applicable _**development**_
## _**To write off value over useful life**_
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## **15.5 Impairment**
**----- Start of picture text -----**
This year:
not applicable
Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
Last year:
not applicable
Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
15.6 Revaluation
If an accounting policy of revaluation is adopted, please provide:
This year Last year
the effective date of the revaluation not applicable
the name of independent valuer, if applicable not applicable
the methods applied not applicable
the carrying amount that would have been recognised not applicable
had the assets been carried under the cost model.
15.7 Other disclosures
(i) If your intangible asset was acquired by way of grant, not applicable
provide value on initial recognition and carrying amount
of the asset.
(ii) Details of the carrying amounts of any intangible not applicable
assets to which the charity has restricted title or that are
pledged as security for liabilities.
(iii) Please provide the amount of contractual not applicable
commitments for the acquisition of intangible assets.
(iv) State the amount of research and development not applicable
expenditure recognised as expenditure in the year.
(v) Please detail the headings in the SOFA in which a not applicable
charge for amortisation of intangible assets is included.
(vi) For any material intangible assets, please provide a not applicable
description, its carrying amount and any remaining
amortisation period.
**----- End of picture text -----**
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
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## **Section C Notes to the accounts (cont)**
## **Note 19 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
## **19.1 Analysis of debtors**
**Trade debtors Prepayments and accrued income Other debtors**
**Total**
**----- Start of picture text -----**
This year Last year
£ £
- -
- -
- -
4,377 -
4,377
**----- End of picture text -----**
## _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)**
|**Prepayments and accrued income**
**Other debtors**
**Total**
**Trade debtors**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -|
|---|---|
||- -|
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## **Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
6,438 - - -
**Amounts falling due within**
**one year**
**Amounts falling due after**
**more than one year**|
|---|---|
||6,438
- - -|
## **20.2 Deferred income**
|**20.2 Deferred income**||
|---|---|
|**_Please explain the reasons why income is deferred._**
**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**
**_Please complete this note if the charity has deferred income._**
**This year**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
**Last year**|
||- -|
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## **Section C Notes to the accounts (cont)**
## **Note 24 Cash at bank and in hand**
|**Note 24 Cash at bank and in hand**||
|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**Last year**
**£**
**£**
- -
- -
10,327
-
- -|
||10,327
-|
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**Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
Main Fund - 24,989 - 14,836 - 2,000 - 8,153
Reserve Fund - - - 2,000 - 2,000
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds - 24,989 - 14,836 - - 10,153
**----- End of picture text -----**
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## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Main Fund U - 24,989 - 14,836 - 2,000 - 8,153
Reserve Fund R - - - 2,000 - 2,000
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds - 24,989 - 14,836 - - 10,153
**----- End of picture text -----**
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## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.3 Transfers between funds**
## **This year**
|**This year**|||
|---|---|---|
||**Reason for transfer and where endowment is converted to income,**|**Amount**
|
||**legal power for its conversion**||
|Between unrestricted and|To fulfill charity's reserve policy|2000|
|restricted funds|||
|Between endowment and|||
|restricted funds|||
|Between endowment and|||
|unrestricted funds|||
||||
|**Last year**|||
||**Reason for transfer and where endowment is converted to income,**|**Amount**
|
||**legal power for its conversion**||
|Between unrestricted and|||
|restricted funds|||
|Between endowment and|||
|restricted funds|||
|Between endowment and|||
|unrestricted funds|||
||||
## **27.4 Designated funds**
## **This year**
|**Planned use**|**Purpose of the designation**|**Amount**|
|---|---|---|
||||
||||
||||
||||
||||
||||
|**Last year**|||
|**Planned use**|**Purpose of the designation**|**Amount**|
||||
||||
||||
||||
||||
||||
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**Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
## **This year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Name of trustee**
**Legal authority (eg**
**order, governing**
**document)**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
-
-
- -
**-**
-
-
- -
**-**
-
-
- -
**-**
-
-
- -
**-**
**Amounts paid or benefit value**|
|---|---|
_**Please give details of why remuneration or other employment benefits were paid.**_
_**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_
## **Last year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**_Where an ex gratia payment has been made to a trustee,_**
**_provide an explanation of the nature of the payment._**
**Legal authority (eg**
**order, governing**
**document)**
**_Please give details of why remuneration or other_**
**_employment benefits were paid._**
**Name of trustee**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
-
-
- -
**-**
-
-
- -
**-**
-
-
- -
**-**
-
-
- -
**-**
**Amounts paid or benefit value**|
|---|---|
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## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**No trustee expenses have been incurred (True or False)**
**----- Start of picture text -----**
This Period Last year
Type of expenses reimbursed
£ £
Travel 4,537 -
Subsistence 573 -
Accommodation 1,421 -
Other (please specify): -
- -
TOTAL 6,531 -
Please provide the number of trustees reimbursed for expenses or who 2
had expenses paid by the charity
**----- End of picture text -----**
## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **This year**
**There have been no related party transactions in the reporting period (True or False)**
|||||||**Amounts**|
|---|---|---|---|---|---|---|
|**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**|**written off**
**during**
**reporting**
|
|||||||**period**|
||||**£**|**£**|**£**|**£**|
||||||||
||||||||
||||||||
||||||||
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
_**For any related party, please provide details of any guarantees given or received.**_
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## **Last year**
**There have been no related party transactions in the reporting period (True or False)**
|**Name of the trustee**
**or related party**
**Relationship**
**to charity**
**Description of the**
**transaction(s)**
**_In relation to the transactions above, please provide the_**
**_terms and conditions, including any security and the nature_**
**_of any payment (consideration) to be provided in_**
**_settlement._**|**Amount**
**Balance at**
**period end**
**Amounts**
**written off**
**during**
**reporting**
**period**
**£**
**£**
**£**
**Provision for bad debts**
**at period end**
**£**|
|---|---|
_**For any related party, please provide details of any guarantees given or received.**_
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