CHARITY REGISTRATION NUMBER.. 1199297 Free From Fear CIO Unaudited Financial Statements 31 October 2023 DOWNHAM MAYER CLARKE LIMIT Chartered accounlanls 41 Greek Street Stockport Cheshire SK3 8AX Free From Fear CIO Financial Statements Period from 14 June 2022 to 31 October 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities statement of financial p051tion Notes to the financial slatements The following pages do not form part of the financial statarnents Detailed statement of financial activities 15 Notes to the detailed statement of financial activities 16 Free From Fear CIO Trustees. Annual Report Period from 14 June 2022 to 31 October 2023 The Iru51ees present their report and the unaudited financial statem￿lS of the d)arity for the period ended 31 October 2023. Reference and administrative details Registered charity nam8 Free From Fear CIO Charity registration number 1199297 Principal office CIO 3D SoliGilors Limiled The Belmont 89 Middleton Road Crumpsall. ManGhesler M8 4JY The trustees Mr D.M. Berke Mls S. hrtagill Mr D.S. Myerson KC (Appointed 22 jU￿e 20221 IAppoir.led 22 JLJne 20221 (Atvoiiled 22 June 20221 Isetvec from 22 June 2022 10 24 N¢Yen￿er20221 Mls R.E.L Shaw Independent examiner Andrew Bland FCA 41 Greek Stieel Slockport Cheshire SK3 8AX Slruclure, governance and management Governing documènt The charity is registered as a charitable incorKK>raled organisalion %',.Uh the chBrity commission in England and Wales under number 1199297. 11 is governed by itJ roun¢ati￿ dated 14 June 2022. a5 amended 19 January 2023 and 2 February 2023 Organ15ational structure The management ol the charity is Ihe reSpor￿1b1tity ol Ihe Iruslees whL) ae detsd Bnd co-opted under the leims of the found(zlion. Any decisions Bre tsken eilner at a meeting of ihe trustees or by resdulm in vrriling or electronic form agieed bi a majority of the Irusletss. Free From Fear CIO Trustees. Annual Reportfcontinued) Period from 14 June 2022 to 31 October 2023 Structure, governance and management (corylinved) Rectuitment and appointment of trustees Trustees are appointed for a term of four years. New t(uslees musl be awinled by a resolution lo be passed al a properfy coniiened meeting of the existing trustee5. In selecting individuals for appoinlmenl regaid musl be given to the skills. knowledge and expeience needed for the effective administration of Ihe chaiily. The total number of trustees must be al leGSt Ihree. New Iruslees are provided with an induction pack including a Copy of the curienl version ol the conslilulion and of the charity's lalesl Trustees, Annual Report and slatunent of accounts_ All trLJslees give their time voluntarily and no trustee or conneded petson may receive any remuneration or other benefits, direct or indirect. from the chaiity. Objectives and activilles Objectives and aims The charity presently works specifically with refugees: evacuees wh) afe internally displaced and persons lacino persecution a5 a result of the conflict in Afghanistan lo athieve lis objeclives which are.. To pieserve the lives of beneficiaTies by pioviding support and assistin9 them to reach sale countries. This includes providino life-suslaining assistance such as f¢x)d, s2lx& accA)tnmodalion, transport, medical aid and such other ielaled projects Ihal the trustees may from time to b.me determine lo be necessary lo achieve this aim. To relieve the financial hardship and poverty ol benef￿laries by providig granis. items and 5eNices. including suppwing medical aid, and collal)oralin9 with olher chari116s (x orgariisalions workin9 10 prevent or relieve poverty. Public benefit The Iruslee% ronfirm Ihal ivhen selling the objectives and aiffls and pl￿ning activrtie5 they have relerred lo and given careiul consideration to Ihe guidance conlaned in the Charity Commission's guidance on public benefit Achievements and performance Charitable activities The charity ha% assisted al risk 2nd largeled Afghans lo evacuate and re5elUe lollo:'Jing the fall of KabLII in 2021. We have taken a tailored approach lo each person or la￿￿1 to ensure that they have been able to make the mosl of the opportunilies that have been poler.lia111 a%ail¢blth lo them. Our specialisl vias particularly active ii) helping the families vlho vie.'e lal behilld aller Op>ralion Pilling. Wliere Ive h2d successfull/ assi>led families lo leave on ev2L•L'dtion fliahts bul receplion ariangements Ill second covnliies had fallen IhTough we have conlinLed tj feed ano support Iliose families and we are delighle(I lo report Ihal many of Ih05e families are llomr al Iheii linal destinalion5. benefi ting from hiimaoi12rian visas. Free From Fear CIO Trustees. Annual Report (conlinuedl Period from 14 June 2022 to 31 October 2023 Achievements and perfom7an¢e (conllnuedj As p2rl of OLJr tailored approacli lo high iisk cases we have been ab￿ to recogThse the potential for immigration applications such as family reunili¢alion and provide pr￿LIA1 adv￿ lo families. Informing them when they need lo obtain specialist legal adV￿e and proMding ￿0￿M(Klah"0n in a second country so that they have embassy access where Ihey are safe. C>dr specialist team have identified potential eligibility for existing visa application schemes 2nd assisted individuals in targeling their approaches by offering plac1￿al support and vihere necessary agency reforrals. We have assisled families rnaking applications undèr Ipie Afghan RelocaliDns and A551slance Policy and following Iheii confirtnalion we have assisted them to leave Afghanistsn and have enjoyed warrnly welcoming many families to the UK. Where applications have not been ansivered ive have lobbied me goV￿nrnenI and assisted families lo obtain legal represenlaiion and we have enjoyecs seeing more of our ca*s 2chi>ve suc¢e5S. Financial review Financial position The results for the period arHI the charity's financial position at the end ol the year are shown in the attached financial slalemenls. The chaiity has closed the period ivilh an oveiall surplus and closing furds of £215.659. Al 31 October 2023 the Charity had nel assets of £215.659 01 which £213.048 was hehl in cash and all ol the amount wa> unreslricled. The Iruslees ale satisfied that the balance of the fund is suifrciwl lo cover the anlicipaled expenditure ol the charity lor the foreseeable future. Reserves policy The Iru51ees are satisfied that the level of ieserves is acceptable given Ine cuirenl and parcenied ongoing financial obligations of the charity. The reserves policy of Ihech3rity is ievieiijed regularly. Risk management Trie Iruslees have assessed the major risks to which the charity is expcied and are satisfied that they have taken all necessary steps lo mitigate thos- risks. Internal fisks we minimi5ed by the implementation of procedures fo,- the aulnorisation of all Iransacbons awl projocls. Exleinal risk priTrcipally relating lo the environment that the chaiily 13 operaliig in Gre managed by th- Iruslees researching both potential beneficiarie5 and their partners abroad. Plans for future period5 The charily will ccnlinve lo f￿￿5 ils resources on the reselllenenl of at risk. largeled Afghan individuals and families. Free From Fear CIO Trustees, Annual Reportfconlinued) Period from 14 June 2022 10 31 October 2023 The Iru51ees' annual repoTI was approved on Iruslee5 by.. 27111124 arKI signed on behalf ol the board of Mr D.S. Myerson KC Trustee Free From Fear CIO Independent Examiner's Report to the Trustees of Free From Fear CIO Period from 14 June 2022 to 31 October 2023 I report lo the trustees on my examination of the financial Statem￿tS of Free From Fear CIO {'the charity,) for the period ended 31 October 2023. Responsibilities and basis of report As the trustees of the chartty you are responsible for the preparalK)n of the financial slalemenls in accordance with the requirements of the Charities Act 20111.the Acl'l. I report in respect of my examinalton of the charitys financial slalernents 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 14515llbl of the Act. Independent examiner's statement Since the charity's gross income exceeded £250.000 your examiner rnusl be a member of a body listed in section 145 01 the 2011 Act. I confirm Ihal l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales IICAEWI, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in onnection with the examination giving me cause lo 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 slalemenls do not accord with those records.. or the financial statements do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lme and fairf 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 wlh the examination lo which attention should be drawn in this ieport in order lo enable a proper underslanding of the accounts lo be reached. Andrew Bland FCA Independent Examiner 41 Greek Street Stockport Che¢hire SK3 8AX 27 Nov 23 Free From Fear CIO Statement of Financial Activities Period from 14 June 2022 to 31 October 2023 Period froffl 14 Jun 22 to 31 Oct 23 Unreslrited Restricted ftjnds funds Total funds Income and endowments Donations and legacies Total income Note 323.X19 3,469 326.978 326,978 323.509 3,469 Expenditure Expenditure on charitable aclivilies Other expenditure Total expenditure 107.831 19 3.469 711.300 19 101,850 3.469 111.319 Net income and net movement in funds 215.659 215,659 Reconciliation of funds Total funds brought forward Total funds carried forward 215,659 215,659 The olal8menl of financial activities incI￿$eS all gains and losses recognisa in the year_ All income and expenditure derive from continuing activibes. The notes on pages 8 to 13 form part of these financial statements. Free From Fear CIO Statement of Financial Position 31 October 2023 31 Oct 23 Current assets D&blor5 Cash al bank and in hand Nole 13 5,965 213,048 219.013 Creditors: arnounts falling du8 within one year Net turrent assets 14 3,354 215.659 Total assets less current liabilities Net assets 215,659 215,659 Funds of thè Charity Unreslricled funds 215,659 215,659 Total charity funds 16 These financial slalemenls We￿ approved by the board of Iiuslees and authorised for issue on 27111124 and are signed on behalf of the board by". M., D.S. Myerson KC Truslee The notes on pages 8 to 13 form part o! these financialstatèment$. Free From Fear CIO Notes to the Financial Statements Period from 14 June 2022 to 31 October 2023 General information The charity is a public benefit enlily and a registered ch￿ty in Engknd and Wa￿9 and is unincorpoialed The address ol the principal offiGe is CIO 3D Sol".Thtar5 Limited, The Belmont, 89 Middleton Road, Crumpsall, Mancheslei. M8 4JY. statement of compliance Theie financial 51alements have been prepared in compliance Wi￿ FRS 102. 'The Financial Reporting Standard applicable in Ihe UK and Ihe Reputl'c of Ireland,. the Slalemenl ol Recommended Practice applicable lo charities preparing thai accounts in accordance ivilh the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland IFRS 102) (Charities SORP IFRS 1021} and the Charities Act 2011_ Accounting policies Basis of preparation The financial statements have been prepared on the historical cosTr. basis, as modified by the revaluation ol cerla,'n financial assets and liabilities and inveslmenl prO￿rtIeS ffteasured al fair value through income or expenditure. The financial slalemenls are prepared in slerting. vthich is the fvndional ￿rrencY of Ihe enliiy. Going concern There are no material uncertainties about the charily's abilily lo ￿￿lin￿2. Judgements and key sources of estimation uncertainty The preparaliDn of the finan¢ial slalements requires Mana￿ment lo male judgemenls. eslimales and assumptions that affect the amounts repoiled. fhese estimales 8nd judgements are continually revieviod and are based on experience and olher f&t0￿. including expectalions ol iulure events that are believed lo be reasonable under the ciicums'.ances. Foralgn currencies Foreign currency transacliDnS ale inili8lly recordefj in Ihe funcliontil cutrencl. by applying Ihe spot exchange rale as al the daLe ol th& Iransacl,,on. Monetary a5stsl< ano liabililies denominated in foreign currencies are Ir2n51aled at the exchange iale ruliog al Ihe reP)rt￿l9 oale. with any gains or losses being taken lo the slalemenl of financial aclivilio5. Fur)d a¢counling Unreslri¢led funds are available for use al the discretion of the trUS￿e5 to lurtiier ani ol the eharity's purposes. Designaied funds are unreslricled funds earmaTked by Ihe trustees forpa.ticulaf future project or etsrnmilmenl. Reslricled ILinds aTe subjected io ieslriclions on their expe￿11￿￿ declared by the donor or Inrough the tertns of an appeal. and fall into one o'i ivm sub-das&s.' teslrycted income funds or endowment funds. Free From Fear CIO Notes to the Financial Statements (¢oiifinue¢ Period from 14 June 2022 to 31 October 2023 Accounting policies (continued) Incgming resources All incoming resources are included in the statement ol financial actNibes when enlillemenl has passed lo the charity.. il is probable that the economic benefits as50cialed with the transaction will flow lo the charity and the amount can be reliabty measured. f(￿oI"1n9 specific policie5 are applied to particular calegories of income.. income from donations or grants is fecognised when there is emdence of enlillemenl kn the gill. receipt Is probable and its amount can be ffleasured reliably. legacy income is iecognised when receipt is probable and enjtlemenl is established. income frotn donated goods is measured al Ihe fair valua of the wds unless this is impractical lo measure reliably. in vihich case ihe value is derivd from the ¢osl lo the donor or the eslirnaled Fesale value. Don2ted lacilits.os and se￿i￿Sare iecognised in the accounts v4hen received if the value can be feliably measured. No alr￿u￿18 are included for the contribukn.on of general volunteers. incoffle from contracts for the supply ol Se￿iceS is recogii5ed i'iilh the delivery ol Ihe contracted service. This is classified as unfeslTicled funds un￿sS there is a conlraclual reqiiirement For il ID be spent on a particular purw>se and ieiurna il unspent. in Nvhich case it may be regarded as iestricted. Resources expended Expenditure is recognised on an accruals basis as a liability is iicurreo. Expenditure incluLles any VAT ivhich cannot be fully recovered. and is dassified under neaJing> ol the statement ol rinancial activities lo whtch il relates-. expendiiure or) raising funds includes the costs ol all funoraisng activtties. events. non- charitable Iracsing activitses, and the sale of donated aood& expenditure orb charitable aclivilies indudes all costs inLiJrred LYI a charity in underiaking activities that further ils charitable aims foi the benefit of 115 benp.liiaries. including those siipport costs and costs relating to the gove(nance o-. IhE Ct3rili appoitioned io charitable Ectivilies. other expenditure includes all expenditure that is neither telatej lo raisirvj funds for the charity nor part ol ils expenditure on chariiable ath"Vliies. AII Coils are allocaleij lo expenditure categories ielle¢ling the ol the reswrce. Direct cosls allribulabla lo a single aclNily are 21local￿ direclly lo that acliwty shar￿ costs are apportioned bett.￿en the activities Iliey contribute lo on a reasonable. iuslil".aiileand consislenl basis Financial instrumfJnt5 A financial asset or a financial liability 15 recogni5ed only vihèn Ihe cha'."ly bacome5 a party lo the contractual provisions ol the inslruTnent. Basi¢ financiel inslrumenis are initially recognised al Ihe amount rpceriable ot payable including any rclaled transaction cosls. Free From Fear CIO Notes to the Financial Statements {¢onlinuedJ Period from 14 June 2022 to 31 October 2023 Accounting policies icontinuedj Financlal instruments (Conlinued) Current assets and current liabilities are subsequently MeasU￿d al the cash or other consideration expected lo be paid ot received and not discounted. Debt instruments are subsequently measured al afflortised cost. Where investmen15 in shares are publicly traded or their fair valve can otherwise be rne85ured reliably, the investment is subsequently mo3sured al Fair value ivilh changes in laii value recognised in income anrs expenditure. All other such inveslmenis are subsequently measured al C051 less impaimienl. Other financial inslrumenls. inclucling derivatives, are initially recognised al lair value unless payment lor an a55el is defeired beyond normal business terms or fina￿ed al a rale of inlerE5t that is not a market rate. in which c8se the asset is measured al the presenl value of the lulLJre paymenls discounted al a market rale of interest for a similac debt inslrurnenl. Other financial in51rumenls ale subsequently measured a.. lea as an asset to the exlenl that the prepayment vJ¢ll lead lo a red.Jclion in fuluie paswmenla ￿ a Ea5ih refund. When conlributions are not expected to be settled ipiholly within 12 moilhs of the end ol the reporting dale in vihich the employees render the relaled service. the li2b:'Iily is me2sureO on a OiSCOLinled present value basis_ The unwinding Oi the period in i'ihich il aiises. Ine diswunl is recognsed as an expense in 10 Free From Fear CIO Notes to the Financial Statements(contihuèdJ Period from 14 June 2022 to 31 October 2023 Donations and18gacies Unre5tficled Funds Reskn"cted Total Funds Funds 2023 Donations Donations Manchester Jewsh Philanthropic 56,235 267,274 3,469 59,704 267.274 323,5L>3 3.469 326,978 Expenditure on charitable activities by fund typè Untestricled Fund5 Reslricled Total Funds Funds 2023 Direct costs Support costs 57.505 50,326 107,831 3.469 60,974 50,326 111.300 3,469 Expenditure on charitablè activities by activity type undeilaken directy &pwJrt costs Total fund5 2023 Oirecl costs Governance cos 60.974 47,626 2,700 108,600 2.700 171,300 60,974 50,326 Analysis of support costs Analy51s of SUPPgrt ¢05ts activity 1 Total 2023 Staft costs Communications and IT General office Finance costs Governance c051s Insurance Professional lees Cornmission charges 40,788 1,889 339 1,979 2,700 292 176 2,162 40,788 1.889 339 1,979 2,700 292 176 2,162 50,325 50,325 11 Free From Fear CIO Notes to the Financial Statements Iconlifjuedj Period from 14 June 2022 to 31 October 2023 Olher expenditure Unre5tricled Total Funds Fund5 2023 Interest on laxalion 19 19 Nel income Nel income is sialed after chaigingl{crediling)'. 31 Oct 23 Foreign exchange diflerences 1.251 10. Indepèndent examination fees Perlod from 14 Jun 22 to 31 Oct 23 Fee5 payable lo the independent examiner for". Independent examin21ion of Ihe fi.nancial statements 1,080 11. Staff costs Tlie lolal staff Gosls ano employee benefits for tne reporting pwDdareanalyseJ a5 follov, Period from 14 22 to 31 Oct 23 Wages and salaries Employer contributions to Pfansion plans 40.340 448 40,788 The average head counl ol employe&% dLiring Ihe period ivas 2. No employee received emptoyee benefits of more than £60.000 during the year {2022. Nill. 12. Trustee remLinèration and expenses No Iruslees received any remuneration, benefils Oi expenses Iroffl eM￿0YrnenI witn the charity or a related entity during the periDd_ 13. Debtors 310¢123 Other debtors 5,965 12 Free From Fear CIO Notes to the Financial Statements(coi)hnue Period from 14 June 2022 to 31 October 2023 14. Creditors: amounts falling due within one year 31 Oct 23 Accruals and deferied income Other creditors 2,700 654 3,354 15. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense ifi relation lo define contribution plans ivas £448. 16. Analysis of charltable funds Unrestricted funds Al 31 Octobèr 2 023 At 14 June 2022 Inco￿ Expenditure General funds 323.509 1107.8501 215.659 Restricted funds At 31 October 2 023 Al 14 June 2022 Income Expendilijre Rettlricled Funds- Afghan relief project 3,469 (3,469} 17. Analysis of net assets between funds UnreStr￿ted Total Fiinds Funds 2023 Current assels Creditors less than l year Net assets 219,013 (3,3541 215.659 219,013 13.3541 215.659 13 Free From Fear CIO Management Information Period from 14 June 2022 to 31 October 2023 The following pages do not form part of the financlal statement5. 14 Free From Fear CIO Detailed Statement of Financial Activities Period from 14 June 2022 to 31 October 2023 Period from 14Jun 22to 31 Oct 23 Ineome and endowments Donations and legacies Donations 326,978 Total income 326,978 Expenditure Expenditure on charitable activities Wages and salaries Pension costs Insurance Legal and professional fees Telephone Other office costs Foreign exchange gainlloss Advertising and marketing Coimputer and IT costs Other expenses Bank charges Commissions Afghan Relief Project 40,340 448 292 2,876 69 14 1,251 208 1,820 118 728 2,162 60,974 111,300 Other expenditure Interest on laxalion 19 Total expenditure 111,319 Nel income 215,659 15 Free From Fear CIO Notes to the Detailed Statement of Financial Activities Period from 14 June 2022 to 31 October 2023 Period from 14Jun 22 to 31 Ocl 23 Expenditure on charitable activit1È5 Direct costs Activities undertaken directly Afghan Relief Project Support costs Wageslsalaries Pension costs Insurance Leoal and professional fees Telephone and communication Printing. postage and stalionery Foreign exchange gainlloss Adver115ing and marketing costs Compuler and IT costs Other expen5e5 Bank charges Commission charge 60.974 40.340 448 292 176 69 14 1.251 208 1,820 118 728 2,162 47,626 Governance costs -coiinlancy fees 2,700 Expenditure on charitable activities 111.300 16