CHARITY REGISTRATION NUMBER: 1198873 Families4Peace CIO Unaudited Financial Statements 31 July 2024 HEENI LAWSON Chartered Certified Accountants 10 Shamrock Way London N14 5RY
Families4Peace CIO Financial Statements Year ended 31 July 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
Families4Peace CIO Trustees, Annual Report Year ended 31 July 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2024. Reference and administrative details Registered charity name Families4Peace CIO Charity registration number 1198873 Principal office 26 Thurlow Road London NW3 5PP The trustees Ms J Noe-Nordberg MissVYNg Ms S D K Safieddine Miss E R Robson Ms K L Sensurucu Ms K Hryharuk Ponnappah Baheerathan FCCA Heeni Lawson 10 Shamrock Way London N14 5RY (Resigned 21 March 2024) (Appointed 27 August 2024) (Appointed 21 November 2023) Independent examiner Structure, governance and management The charity is operated under the rules of CIO Association as set out by the Charities Act 2011. Trustees are voted in at a Trustee Board meeting and agree to adopt all Families4Peace policies as outlined in their Governing Document.
Families4Peace CIO Trustees, Annual Report (continued) Year ended 31 July 2024 Objectives and activities The charity objectives are to welcome, inform, support and advocate for displaced refugee families. To help in the prevention or relief of poverty by providing grants, items and services to individuals in need, and/or charities or other organisations working to relieve povety. The relief of needs and suffering among victims of natural disaster or war in the form of grants, items and services to or other means deemed suitable for persons, bodies, organisations affected. In May 2022 Families4Peace opened a community centre at a local Camden School to welcome newly displaced Ukrainian families who had arrived in London after escaping the tragic conflict in their country. The community hub created a welcoming, safe and trustworthy environment to help these families settle into their new lives. We partnered with other charities and organisations to assist these families with essential services such as housing, employment, education, childcare, universal credit, and healthcare. A well-being program was also created with the goal of alleviating isolation and assisting with integration into the wider community. The Charity trustees have followed the public benefit guidance as published by the Charity Commission in all our operations. Achievements and performance In the Financial year August 2023 July 2024, Families4Peace continued to meet the needs of the local Ukrainian community through our frequent Community Hub events, regular activity programs, moderation of our ever-growing Ukrainian WhatsApp group and communication through our other social media plafforms. We created a Community Ambassador team of leaders with lived refugee experience to help run our programs and liaise with guests for signposting and other support. We regularly meet with the team to to receive feedback and input to ensure we are allocating our resources and program efficiently. Our Community Hub sessions incorporate expert guest speakers, a staffed information desk addressing important issues offering vital information and signposting to other local programs. We run children's sports and craft activities. A yoga instructor leads a well-attended class at our Community Hub. We partner with local charities to lead football on the playground for children. Our young volunteers from local secondary schools offer homework support for students in school years 7-11. Our volunteer team includes many families from Camden as well as a group of sixth form students interested in developing good citizenship skills and an appreciation for community service. The peer~to-peer support we've been able to foster has had a positive effect on both our volunteers and younger service users. Families4Peace is also fortunate to be supported by corporate sponsors for our refreshments. In addition to our community hub sessions, we have introduced other activities to encourage community building, promote well-being, and facilitate integration within the wider community. Regular activities included cooking classes for children, weekly yoga, weekly craft and English conversation sessions, twice weekly Nordic walking with pension-aged Ukrainians. Families4Peace embarked on a Commemorative Quilt project which was created by more than 30 members of our community and entered for display at Europe's largest annual textile fair, The Festival of Quilts in Birmingham. We continued the popular family zoo days out, cultural outings to Art Exhibitions, the Ballet and concerts.
Families4Peace CIO Trustees, Annual Report (continued) Year ended 31 July 2024 Achievements and performance (contlnued) Our Prepsters online tutoring platform continues to be popular with Ukrainian secondary school students. The online program is frequently at capacity with bookings for maths, science and English tutoring. Most Community hubs were attended by consultants from an Education Charity. This charity offers our community one to one consultations. They are an excellent resource for our referral services helping us find the right support for guests, education and work needs. We partnered with another Charity to offer a workshop on CV and Cover Letter writing. Many refugees have been empowered to find employment and our ambassadors help mentor others to help our service-users thrive within the community. Financial review The total funds as at the end of 31 July 2023 reporting period are £25,522. Families4Peace policy is to hold 15 % in reserves to cover 3 months staff costs, tax and pension commitments and a small provision for any unforeseen liabilities which may occur. The trustees, annual report was approved on 25 February 2025 and signed on behalf of the board of trustees by: s J Noe-No Trustee
Families4Peace CIO Independent Examiner's Report to the Trustees of Families4Peace CIO Year ended 31 July 2024 I report to the trustees on my examination of the financial statements of Families4Peace CIO ('the charity,) for the year ended 31 July 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act; or the financial statements do not accord with those records. or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Ponnappah Baheerathan FCCA Heeni Lawson Independent Examiner 10 Shamrock Way London N14 5RY 25 Feb 25
Families4Peace CIO Statement of Financial Activities Year ended 31 July 2024 Period from 9May22to 31 Jul 23 Year to 31 Jul 24 Unrestricted Restricted funds funds Total funds Total funds Income and endowments Donations and legacies Charitable activities Investment income Total income Expenditure Expenditure on charitable activities Total expenditure Note 2,088 1,047 541 48,750 50,838 1,047 541 120,983 2,993 3,676 48,750 52,426 123,976 15 109,707 109,722 41,158 15 109,707 109,722 41,158 Net (expenditure)lincome and net movement in funds 3,661 (60,957) (57,296) 82,818 Reconciliation of funds Total funds brought forward Total funds carried forward 9,619 73,199 82,818 13,280 12,242 25,522 82,818 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 13 form part of these financial ststements.
Families4Peace CIO Statement of Financial Position 31 July 2024 2024 2023 Fixed assets Tangible fixed assets Current assets Debtors Cash at bank and in hand Note 13 558 566 14 21,028 7,941 1,054 84,077 28,969 85,131 Creditors: amounts falling due within one year Net current assets 15 4,005 2,879 24,964 82,252 Total assets less current liabilities Net assets 25,522 82,818 25,522 82,818 Funds of the charity Restricted funds Unrestricted funds 12,242 13,280 73,199 9,619 Total charity funds 17 25,522 82,818 These financial statements were approved by the board of trustees and authorised for issue on 25 Feb 25, and are signed on behalf of the board by: Miss E R Robson Trustee The notes on pages 7 to 13 form part of these financlal statements.
Families4Peace CIO Notes to the Financial Statements Year ended 31 July 2024 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 26 Thurlow Road, London, NW3 5PP. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular future project or committment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Families4Peace CIO Notes to the Financial Statements (contlnued) Year ended 31 July 2024 Accounting policies (continued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures and fittings and equipment Computer equipment 25 % straight line 50 % straight line Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Families4Peace CIO Notes to the Financial Statements (contlnued) Year ended 31 July 2024 Accounting policies (contlnued) Defined contribution plans (contlnued) When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations Donation for Housing Support Donation for Computer Equipment Donations for Tutoring 2,088 2,088 Grants Camden Council Translators Grant National Lottery Community Fund Camden Council Christmas Grant Voluntary Action Camden Grant Camden Core Funding Refugee Council Grant 5,000 43,750 5,000 43,750 2,088 48,750 50,838 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations Donation for Housing Support Donation for Computer Equipment Donations for Tutoring 11,055 11,055 6,850 2,000 2,358 6,850 2,000 2,358 Grants Camden Council Translators Grant National Lottery Community Fund Camden Council Christmas Grant Voluntary Action Camden Grant Camden Core Funding Refugee Council Grant 1,500 9,970 1,000 5,000 71,250 10,000 1,500 9,970 1,000 5,000 71,250 10,000 11,055 109,928 120,983
Families4Peace CIO Notes to the Financial Statements (contlnued) Year ended 31 July 2024 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Zoo Tickets Receipts EventBrite Income 1,047 1,047 2,828 165 1,047 2,828 165 1,047 2,993 2,993 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 541 541 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Advise & Information Support costs 28,127 81,580 109,707 28,127 81,595 15 15 109,722 Unrestricted Funds Restricted Total Funds Funds 2023 Advise & Information Support costs 3,996 433 9,237 27,492 36,729 13,234 27,924 4,429 41,158 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Advise & Information Governance costs 28,127 66,613 14,982 81,595 94,740 14,982 109,722 31,932 9,226 28,127 41,158 10-
Families4Peace CIO Notes to the Financial Statements (contlnued) Year ended 31 July 2024 Analysis of support costs Advise & information Total 2024 Total 2023 51,287 51,287 8,630 8,630 4,369 4,369 2,327 2,327 14,982 14,982 81,595 Staff costs Premises Communications and IT General office Governance costs 13,895 2,629 1,309 865 9,226 81,595 27,924 10. Net (expenditure)lincome Net (expenditure)/income is stated after charging/(crediting): 2024 2023 Depreciation of tangible fixed assets 686 524 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: Period from Year to 9 May 22 to 31 Jul 24 31 Jul 23 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 48,568 11,830 482 93 1,490 508 2,211 51,287 13,895 The average head count of employees during the year was 8 (2023: 2). No employee received employee benefits of more than £60,000 during the year (2023: Nil). 12. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 11
Families4Peace CIO Notes to the Financial Statements (continued) Year ended 31 July 2024 13. Tangible fixed assets Fixtures, fittings & equipment Computer equipment Total Cost At 1 August 2023 Additions 84 678 1,006 1,090 678 At 31 July 2024 Depreciation At 1 August 2023 Charge for the year At 31 July 2024 Carrying amount At 31 July 2024 At 31 July 2023 762 1,006 1,768 21 184 503 502 524 686 205 1,005 1,210 557 558 63 503 566 14. Debtors 2024 2023 Prepayments and accrued income Other debtors 20,428 600 1,054 21,028 1,054 15. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income Social security and other taxes Other creditors 3,708 242 55 1,080 1,581 218 4,005 2,879 16. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £508 (2023: £93). 12-
Families4Peace CIO Notes to the Financial Statements (continued) Year ended 31 July 2024 17. Analysis of charitable funds Unrestricted funds At 1 August 202 At Income Expenditure 31 July 2024 General funds 9,619 3,676 (15) 13,280 At 9 May 2022 At Income Expenditure 31 July 2023 General funds 14,048 (4,429) 9,619 Restricted funds At 1 August 202 At Income Expenditure 31 July 2024 48,750 (109,707) 12,242 Restricted Funds 73,199 At 9 May 2022 At Income Expenditure 31 July 2023 109,928 (36,729) 73,199 Restricted Funds 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 48 13,232 510 15,737 (4,005) 12,242 558 28,969 (4,005) 25,522 Tangible fixed assets Current assets Creditors less than 1 year Net assets 13,280 Unrestricted Funds Restricted Total Funds Funds 2023 63 9,556 503 75,575 (2,879) 73,199 566 85,131 (2,879) 82,818 Tangible fixed assets Current assets Creditors less than 1 year Net assets 9,619 13-