Charity registration number 1193541 FOR ALL FOUNDATION UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FORALL FOUNDATION UK LEGAL AND ADMINISTRATIVE INFORMATION Trustaes Mr P Thomas Ms A Gibb-Gray Mr H Braithwaile MrA Yonge Mr C Page Charity number 1193541 Company number CE024923 Independent examiner Azets Carnac Place Cams Hall Estate Portsmouth Hampshire P0168UY
FORALL FOUNDATION UK CONTENTS Page Trustees. report Indtrpendent &xamin&¢s rtrport Statement of financial activities Balance sheet Notes lo the financial statements 6-10
FORALL FOUNDATION UK TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report and financial statements for the year ended 31 December 2023. 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 governing document, the Charities Act 2011 and 'Accounts'ng 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 IFRS 1021" (effective 1 January 20191. Objectives and activities The object of the CIO is lo advance such ¢harilable purposes for the public benefit as the ¢h8rity trustees from time to time in their absolute discretion think fit. The focus of the organisation is on grant m8king, in particular to other charities. The Charities lo receive grants may include those supporting the general public, as well as ¢hildren, with a particular interest on causes relating to education and SLJPPOrting younger people. The organisation may also provide grants to individuals in charitable need. In future it is possible that that the chairty may carry out its own projects directly. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the CIO should undertake. Achl•v&m•nts and rfOrnianeO During the year, the CIO has paid out in donations of £65,809 to support the charitable work carried out by Zambia's Child (formerly called Blessed lo Bless). Zambia's Child's rllission statement is to transform vulnerable communities in Zambia through quality, Chrisl-cenlred education and community development activities. Financial review The CIO has continued activity in the year, with the founder of the charity donating £20,10012022.' £130,000) to the CIO, on which £5,025 12022.. £32,500) gift aid has been reclaimed. Other donations and interest income of £222 12022.. £71 has also been received. During the year, £65,80912022.' £115,106) has been paid out in donations with bank charges, admin charges and govemance costs amounting to £6,111 12022.. £3,5601. This results in a deficit in the year of £46,57312022.' £43,841 1. Al the balance sheet date, the CIO has carried forward an unrestricted funds deficit of £1,756 12022.. £44,817 surplus). The CIO does not have a formal reserves policy in place and this will be considered by the trustees in due course. At the time of approving the financial stalemenls, the trusl&&s have considered the ability of the CIO lo continue as a going ¢on¢ern. Whilst the CIO has a net deficit of £1,756 at the balance sheet date, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future with the continued support of Ihe founder, Paul Thomas, trustee. The trustees therefore consider that it is appropriate to prepare the accounts on a going concern basis. Structure. governance and management The Trustees who served during the year and up to the date of signature of the financial statements were.. Mr P Thomas MsAGibb-Gray Mr H 8railhwaite MrA Yonge Mr C Page
FORALL FOUNDATION UK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Apart from the first charity trustees, charity truslees shall be appoinled by the founder giving written notice to the charity trustees. The provisions of this clause 15.1 of the constitution may only be altered by the unanimous agreement of the members. The founder may delegate the power to the charity Iruslees, who may exercise thi5 by a resolution passed al a proptrrly convented meeting of the charity trustees. The Trustees. report was approved by the Board of Trustees. Alan Yon56 MrA Yonge Trustee Date..
FORALL FOUNDATION UK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOR ALL FOUNDATION UK I report lo the Trustees on my examination of the finanaal statements of For 1 Foundation UK Ithe CIO) for the year ended 31 December 2023. Responsibilities and basis of report As the Trustees of the CIO you are responsible for the preparation of the financial slalements in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Acll. I report in respect of my examination of the CIO'S financial statements carried out under section 145 of the 2011 Ad. In carrying out My examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl c)f th& 2011 Act. Independent examinerfs ststeTnent I have completed my examinalion. 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.. aOUntIng records were not kept in respect of the CIO as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements conceming the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aountS give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other rllatters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. James Reilly ACCA For and on behalf of.. Azels Audit Services Carnac Place Cams Hall Eslale Portsmouth Hampshire P016 8UY Dated.. 28 October 2024
FORALL FOUNDATION UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Unrestricted funds funds 2023 2022 Notes Income from: Donations and legacies Investments 25,293 54 162,500 Total income 25,347 162,507 Ex enditure on: Charilabltr activities 71,920 118,666 N&t18xp&nditur8lllncomè for thè y8arl Net movement in funds 146,5731 43,841 Fund balanS al 1 January 2023 44,817 976 Fund balancès at 31 D8cèmb8r 2023 11,7561 44,817 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
FORALL FOUNDATION UK BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Current assets Debtors Cash at bank and in hand 10 32,500 14,584 344 344 47,084 Cr•dltors'. amounts falllng du¢ wlthln onè yèar 11 {2,1001 12,2671 Net current Iliabilitiesyassels 11,7561 44,817 Incom8 funds Unrestricted funds 11,7561 44,817 11,7561 44,817 The financial statements were approved by the Trustees on S/K)/IDI AJLAn Yon86 MrA Yonge Trustee
FORALL FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity information For All Foundation UK is a Charitable Incorporated Organisalion and ils registered charity number is 1193541. The principal address of the CIO is 67 Arelhusa House, Gunwharf Quays, Portsmouth, P01 3TQ. 1.1 Accounting convention The finan¢ial ststements have been prepared in a¢¢ordance with the CIO'S goveming do¢umenl, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and RepLJblic of Ireland" I FRS 102.1 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 IFRS 1021" (effective 1 January 20191. The CIO is a Public Benefit Entity as defined by FRS 102. The CIO has taken advantsge of the provisions in the SORP for charities not to prepare a Slalement of Cash Flows. The financial slalements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl requirtrd to provide a true and fair view. This dtrpartu 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 RegLJlations but which has since been withdrawn. The financial statements are prepared in sterfing, which is the ftJn¢tional curren¢y of the CIO. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the histori¢al Cost convention. The principal a¢¢ounting policies adopted are set out below. 1.2 Golng ¢on¢em At the lime of approving the financial statements, the trustees have considered the ability of the CIO to continue as a going concern. Whilst the CIO has a nel deficit of £1,756 al the balance sheet date, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future with the continued support of the founder, Paul Thomas, trustee. The trustees therefore consider that il is appropriate to prepare the 8c¢ounls on a going concern basis. 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 SLJbject 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 finanaal statements. Endowment funds are subject to specific conditions by donors that the capital musl be maintained by the CIO. 1.4 In¢ome 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 re¢ognised On the CIO has been notified of the donation, unless perfomance Conditions require deferral of the amount. In¢ome lax re¢overable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
FORALL FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued} 1.5 Expenditure Expenditure is recognised once the is a legal or ¢onstru¢tive obligation to transfer ewnomic 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 lo that activity. Shared costs which contribute to rnore than one activity and support costs whi¢h 8re not 811ribulabls lo a single 8¢tivity are apportioned between those a¢livilies on 8 b8S1S consistent with the use of resoLJrces. 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 trquivalenls include ¢8sh in hand, deposits held 81 call with banks, other short-ltrrm liquid investments with original maturities of Ihreg months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in CLJrrent liabilities. 1.7 Flnan¢lal Instruments The CIO has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther 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 ntraclual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enfOrable righl to set off the recognised amounts and there is an intenlion to settle on a net basis or to realise the asset and see the liability simultaneously. Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction pri including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Irans8clion, where the transaction is measured al the present value of the future re¢eipts discounted al a market rale of interest. Finanfyal assets classified as receivable within one year are not amortised. Bas1¢ flnan¢lal Ilabllltle$ Basic financial liabilities, including creditors 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 al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Dobl instruments are subsequenuy carried al amortised cost, using Ihg effe¢live interest rale method. 1.8 Foreign ex¢h¥nge Transactions in currencies other Ihan pounds sterling are recorded at the rates of exchange prevailing al the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in the Statement Of Financial Activities.
FORALL FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donations and legacies Unrestricted Unr8strictad funds funds 2023 2022 Donations and gtfts 25,293 162,500 Donations and gifts Donations and gifts Gift aid receivable 20,268 5.025 130,000 32,500 25,293 162,500 Investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 54 Charitable activities Charitable Charitable Expenditure Expenditure 2023 2022 Bank charges Donations and grants made Travelling expenses 86 65,809 3,637 80 115,106 69,532 115,186 Share of governance costs (see note 61 2,388 3,480 71,920 118,666
FORALL FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Description of charitable activities Charitable Expenditure Expenditure on charitable activities in the year represent donations made lo Zambia's Child to support the charitable work carried out by the organisalion. Zambia's Child's mission statement is lo transform vulnerable communities in Zambia through quality, Chrisl-centred education and community development aclivilies. Support costs Support Govemance costs costs 2023 2022 A¢¢ountancy 2,388 2,388 3,480 2,388 2,388 3,480 Analysed between Charitsble activities 2,388 2,388 3,480 Governance costs includes payments to the Independent Examiners of £2,388 12022 - £3,480) for carrying out the independent examination and other non-audit seNIs. Trustoas None of the Trustees lor any persons connected with theml received any remLJneration or benefits from the CIO during the year. Employee$ The average monthly number of gmployges during the year was.. 2023 Number 2022 Number Totsl There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempl from lax 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 lo ils charitable objects. 10 Debtors 2023 2022 Amounts falling due within one year: Prepayments and accrued income 32,500
FORALL FOUNDATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Creditors: amounts falling due within one year 2023 2022 Other creditors Accruals and deferred income 168 2,099 2,100 2,100 2,267 12 Related party transactions During the year, donations of £20,100 12022 - £130,0001 were received from Trustees, on which gift aid of £5,025 was reclaimed. There were no other disclosable related paty transactions during the year. 10-