CHARITY REGISTRATION NUMBER.. 1199297 Free From Fear CIO Unaudited Financial Staternents 31 October 2024 DOWNHAM MAYER CLARKE LIMITED Chartered accountants 41 Greek Street Stockport Cheshire SK3 8AX
Free From Fear CIO Financial Statements Year ended 31 October 2024 Page Trustees, annual report Chartered accountant's report to Free From Fear CIO on the unaudited financial information Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 15 Notes lo Ihe detailed statement of financial activities 16
Free From Fear CIO Trustees. Annual Report Year ended 31 October 2024 The tnjstees present their report and Ihe unaudited financial stalanenls of the charity for the year ended 31 October 2024. Reference and admlnistrative details Registered charity name Free From Fear CIO Charity registration number 1199297 Principal offi¢e CIO 3D Solicilors Limited The Belmont 89 Middleton Road Crumpsall. Manchester M8 4JY The trustees Mr D.M. Berke Mls S. Magill Mr O.S. Myerson KC Accountants Downham Mayer Clarke Limited Chartered a¢¢ourhtants 41 Greek Street Stockport Cheshire SK3 8AX Structure, governance and management Governing document The charily is registered as a charilable incorporated organisation wlh the charity commission in England and Wales under number 1199297. It is governed by its f(NJndation dated 14 June 2022, as amended 19 January 2023 and 2 Feb¥uary 2023. Organi5alional stru¢ture The management of thè Gharity is the resrM)nsibility of the trustees vkno are elected and co-opted under the lerms of Ihe foundation. Any deGi5ions are taken either at a meeting of the truslees or by iesohjtion in w¥iling or electroni¢ form agreed by a majority of the Iruslees.
Free From Fear CIO Trustees. Annual Report IcontinV8dJ Year ended 31 October 2024 Structure, governancè and management f¢ontinuedJ Recruitment ènd appointment of trustees Trustees are appointed for a lerm of four years. New trustees musl be appointed by a resolution to be passed at a properly convened meeting of the existing Iruslees. In selecting individuals for appointment regard must be given lo the skills, krbowfedge and exPernce needed for the èffeGlive administration of the charity. The total numbei of Iruslees must be al ast three. New tnjstees are provided wth an induction pack including a copy of the current version ol the constitution and of the charitls latest Truslees. Annual Report and statement of accounts. All trustees give their time voluntarily and no Iruslee or connected person may receive any remuneration or olher benefils, direct or indirect. from the charity- Objectivès and activities Objectives and aims The charilys aims wère broadened to woddwide over this rewling pericxl. The charity works specifically with refugees, evacuees who are inlemally displaced and pèrsons lacing persecution to achieve its objectives which are- To preserve the lives ol beneficiaries by providing support and assisting them to reaGh safe countries. This includes providing life-suslaining assistance such as food, sale acc¢ynmodation, Iransport, mediGal aid and such olher related projects thal Ihe Irustees may from lime to time determine lo be necessary to achieve this aim. To relieve the financial hardship and povetty of beneficiaries by prowding grants. items and serviGes, including supplying medical aid, and collaborating with other charilies or organisalions working lo prevent or relieve poverty. Publlc benefit The Iruslees Gonlirm that when selting the objectives and aims and planning aclivities Ihey have referred lo and given caieful consideration lo Ihe guÈdance contauied in Ihe Charity Comrnission's guidance on public benefit. Achievements and performance Charitable activities The charity has assisted al risk and largeled people lo evacuale and resellle follong its inception after the fall ol Kabul in 2021. We have taken a iailored approach lo each person or family lo ensure that they have been able lo make the mosl of Ihe opporlunilies Ihal have been potentially available to them. We have focused on resettlement over this reporting period. Our iesettlemenl activities have been UK locused and we have as5isled people lo secure access to accommodalion. including acting as guarantor5. We have helped children into s¢hoolin9. providirvJ assistance with necessities and we have secured grants lo enable people lo access education and Iraining courses. We have acted as link partner and made referrals lo other partner charities and local authotiies.
Free From Fear CIO Trustees, Annual Report (eonlinuedj Year ended 31 October 2024 Achiovemènts and performance (continue Following the UK GovemTnenl's review, further familres queue¢J in our resetuement process have been granted permission to enter the UK and we have been resettling them in tandem wlh our partners. Vve have also provided logistical advi and risk advice aThJ assistance to Brilish legal teams representing evacuees. Where applicalions have not been answered we have lobbieil Ihe grnment and assisted families lo obtain lègal representation and we have enjoyed seeing more of our cases achieve success. Finan¢ial review Financial position The results for the perifxl and the charitys financial position al the end of the year are shown in the attached financial sialemenls_ The charity has closed the period wlh an overall deficit and closing funds of £127,265. At 31 Oclober 2024 the charity had nel assets of £127.26512023 - £215,659} of which £126,78512Q23 £213,048) was held in cash and £1.50012023 - £0) of thal amounl was reslriGled. The trustee5 are satisfied that the balance of the fund is surficient to cover the anticipated expenditure of ihe charity for the foreseeable future. Reserves policy The trustees are salisfied Ihat the level of reseryes is acceptable given Ihe current and perceived ongoing financial obligations of the charity. The reserves policy of the ¢harity is reviewed regular5y. Risk management The Iruslees have assessed Ihe major risks lo which the charity is exposed and are satisfied that they have taken all necessary steps to mib.gale those risks. Internal risks are minimised by th& implemenlalion of procedures for the aulhorisation of all transactions and project5. External risk prin¢ipally relating lo the environment that the charity is operating in Tllanaged by the Irustees researching both potential beneficiaries and theii partners abroad. Plans for future periods The charity will continue lo locus ils resour¢es on Ihe iesettlement of al risk, targeted indivtduals and families. The trustees. annual report was approved on . 15 Aug 2025 trustees by.. and signed on behalf of Ihe board of Iriknj l.lyer50n KC IS. 2025. Mr D.S. Myerson KC Trustee
Free From Fear CIO Chartered Accountant's Report to Free From Fear CIO on the Unaudited Financial Information of Free From Fear CIO Year ended 31 October 2024 As described on the statement of financial positson. thè trustees of the chatty are responsible for the preparation of the financial stalemenls for the ar ended 31 October 2024, which comprise the slalemenl of financial aclivilies, stalemenl of financial position and the related notes. You consider th81 the charity is exempl fiom an audil tjnder the Chanbes Act 2011. In accordance with your instructions we have compiled these financkil slalements in order lo assist you lo fulfil your statutory responsibilities. from the accounting records and frorn information and explanations supplied lo us. DOWNHAM MAYER CLARKE LIMITED Chartered accountants 41 Greek Streèt Stockport Cheshire SK3 8AX
Free From Fear CIO Statement of Financial Activities YeaT ended 31 October 2024 Period from 14 Jun 22 10 31 Oct 23 Year to 31 Oct 24 un$1Cted Restricted funds funds Total funds Total funds Note Incomè and endowments Donations and legacies Investment income 14.446 1.701 2.931 17.377 1.101 326,978 Total income 16,147 2.931 19,078 326.978 Expènditure Expenditure on chariiable activities Other expenditure Total expenditure 106,041 1.431 107,472 111.300 19 106.041 1,431 107,472 111,319 Net lèxpenditurellincome and net movement in funds 189,8941 1.500 188.3941 215.659 Reconciliation of funds Toial funds brought forward Total funds carried forward 215,659 215,659 125,765 1,500 127,265 215,659 The statement of financial activities includes all gains and losses recryr)i5ed in the year. All income and expendilure delive from conlinurng aclivibes. The note5 on pages 7 to 13 form part of these financial statements.
Free From Fear CIO Statement of Financial Position 31 October 2024 2024 2023 Note Current assets Debtors Cash al bank and in hand 14 5.965 126,785 5,965 213,048 132.750 219,013 Creditors- amounts falling due within one year Net Current assets 15 5.485 3.354 127.265 215,659 Total assèls less current liabilities 127,265 215,659 Net assèts 127.265 215,659 Funds of thè charity Reslricled funds Unrestricted funds 1,500 125.765 215.659 Total charity funds 17 127,265 215,659 These financial 51alements were approved by Ihe board of trus1S and aulhotised for issue on 15 Aug.2025....-..... and are signed on behalf of the board by.. f. Nlyer5on K¢ (Aug 15. 2tr25. Tiustee The notes on pages 7 to 13 form part of these finan¢ial stateme*t$.
Free From Fear CIO Notes to the Financial Statements Year ended 31 October 2024 General information The charity is a public benefit entity and a regislered tharity in England and Wales and is unincorporated. The address of the principal is CIO 3D Solicitors Limiled. The Belmont, 89 Middleton Road. Crumpsall, Manchester. M8 4JY. Statemènt of complianco These financial statements have been prepared in compliae with FRS 102. 'The Financial Reporting Slandard applicable in the UK and the Republ of Ireland.. the Statement of Recommended Practice applicable to chaiibes preparing theii accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republ of Irdand IFRS 1021 (Charities SORP IFRS 1Q211 and the Charities Acl 2011. Accountlng policies Basis of preparation The financial statemenis have been prepared on the historicA cost basis. as modified by the revaluation of certain financial assets and liabilities and investment pioperties measured al fair value through income or expenditure. The financial slalements are prepared in sterling. which is the fuTrcb"onal cUencY of the entity. Going con¢em There are no material uncertainties about the charitys ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial slalements requires managetnent to make judgetnenls, estimates and assumptions that affect the amounis ieported. These eslimales and judgements are continually reviewed and are based on experience and olherlaclors. including expectations ol future events Ihal are believed to be reasonable under the ¢ircumstan¢es. Foreign currenclès Foreign ¢urTency transactions are initially recorded in the funcb"lal currency, by applying the spot exchange rate as at the date of the transaction. Monetary assels and liabilities denominated in loieign currencies are Iranslaled al Ihe exthange rale ruling at the reporting date, th any gains or losses being takèn to the statement of financial activitiès. Fund accounting Unrestricted funds are available for use at the discretion of the Iruslees to further any tsf the charil¥s purposes. Designated funds are unrestricted funds earmarked by the trustees for particttlar future project or commitrnenl. Reslricled funds are subjected lo restriclions on their expenditure dedared by the donor or through the terms of an appeal, and fall into one of two sulhdasses". restricted income funds or endowment funds.
Free From Fear CIO Notes to the Financial Statementslconlinued) Year ended 31 October 2024 Accounting policies (conlinved) Incoming resources All incotTring resources are included in Ihe stalemenl of financHI actimties when entitlernent has passed lo the charity", il is probable (hal the economic benefits associated Mqth the transaction wll flow lo the charily and the amount can be reliably measured. The following specrfic pdicies are applied lo parti¢ular categories of in¢ome'. income from donations or grants is iecognised when there is evKJence of entilletnenl lo the gift, receipt is probable and its amoLtnt can be measured IdiabTy. legacy income is recc*3nised when receipt is probable and enliuement is established. income from donated goods is measured al Ihe lair value of the gi)ods unless thi5 15 impractical to measure reliably, in which case the value is derwed from Ihe cost lo the donor or the estimated resale value. Donaled facilities and services are recognised in the accounts when recèived if the value can btr reliably measured. No amoun15 are included for the contribution of gene¥al volunteers. income from contracts for the supply of serwces is recognised the delivery of the contracted service. This is classified as unrestricled lunds unle55 there is a conlra¢tual requirement for it to be spent on a particular purpose atmj ietutned if unspent. in which case il may be regarded as reslricled. Resources expèndèd Expenditure is COgnised on an accalS basis as a liability is inCurd. Expenditure includes any VAT which cannot be fully recovered, and is classifd under headings of the slalemenl ol financial activities lo which it relates.. expenditure on raising funds includes the costs of all fundfaising activities. events, non- charitable trading acU"viiies. and thè sale of donaled goods. expenditure on charitable activities indudes all cosis Inured by a chaiity in undertaking activities Ihat further ils charitable aims for the benefit of its beneficiarie5, including those support Costs and costs relating to the governan of the charity apportioned to ¢haritable a¢livilie5. other expendilure includes all expenditure that is neither rdated to iaising funds for tho charily nor part of ils expendilure on charitable activities. All costs are allocated to expenditure categories reflecling the use of Ihe resource. Direct costs attributable to a single activity are allocated dI¢Y to that activity. Shared costs are apportioned between the aclivilie5 they contiibule trj on a ieasonable, justiliable and consislenl basis. Financial instruments A linan¢ial a5sel or a financial liabilily is recnIsed only when the charity becomes a party lo the ¢onlraclual provisions ol the instrument. Basic financial instruments are initially recognised al the am01 receivable or payable including any related transaction costs.
Free From Fear CIO Notes to the Financial StatementSl¢ortTnued) Year ended 31 October 2024 Ac¢ounting policies (C¢Miinve¢l) Financial instruments icontinu Current assets and currenl liabilities are subsequently tneasured al the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequentjy measured at amortised cost. Where investments in shares are publicly traded or thèir fair Wdlve Can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expermjituie. All other such investments are subsequently measured at cost less impairment. Other financial inslrumenis, indutling derivatives, a initially recognised al fair value. unless payment lor an assel is deferred beyond rK)rmal business terms CY financed al a rale of interest that is not a market rate, in which case thè asset is measured at the presènt value of the future payrllents discounted al a markel rate of irkleresl for a similar debt inslrumenl. Other financial instruments are subsequenuy measured at fair value. with any changes recognised in the stalemenl of financFal adivilies. with the exception of hedging instruments in designated hedging relatsonship. Financial assets that are measuied al cost or amortised cost are reviewed lor objective evidenG8 of impairment al the end of each reporting dale. 11 there is obje¢tive evidence of impairment. an impairment loss is recognised under Ihe appropriate headirKJ in the stalement ol financial a¢livilies in which the inilial gain was recognised. For all equity inslrumer¢is regardless of significance. and olhei financial assets that are individually significant. these are assessed individually for impairment. Other financial assets are either assessed indiwdually or grouped the basis of similar uedil risk characteristics. Any reversals of impairment are recognised immediately. lo the extent Ihal ihe reversal does not result in a carry'ng atnounl of the financral asset that exceeds what carTr7ng amount would have been had the impairment not pieviously been recognised. Defined ¢ontribulion plans Contributions lo defined contribution plan5 are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment wll lead to a reduction in future payments or a cash refund. When conlribulions are not expected lo be setiled wholly wtthin 12 months of the end of the reporting date in which the employees render the related serW, Ihe liabiltly is measured on a discounled present value basis. The unwinding of Ihe discount is iecognised as an expense in the period in which it arises.
Free From Fear CIO Notes to the Financial Statements Icontinuedj Year ended 31 Oclober 2024 Donations and legacies Unrestted Funds Restricted Total Funds Funds 2024 Donations Donations Mancheste¥ Jewrsh Philanthropic 4.072 10.374 2,931 7,003 10.374 14.446 2.931 17.377 Unrestricted Funds Restricted Total Funds Fund5 2023 Donations Donations Manchester Jewish Philanlhropi¢ 56.235 267.274 3,469 59,704 267.274 323.509 3,469 326,978 Invèstment income Unrestricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Bank inleresl receivable 1,701 1,701 Expenditure on charitable activities by fund type Unrestrted Funds Reslricled Total Funds Funds 2024 Direct costs Support costs 26.597 79.444 1.431 28.028 79,444 106.041 1,431 107.472 Unrestricted Funds Restricted Total Funds Funds 2023 Direct costs Support costs 57,505 50,326 3,469 60,974 50,326 107.831 3,469 111,300 10
Free From Fear CIO Notes to the Financial Statements Iconbnuedj Year ended 31 October 2024 Expenditure on charitable activitie5 by activity type Aciivrb"es undertaken d4Teclly Support Costs Total funds 2024 Total fund 2023 Dire¢l costs Governance ¢osls 28,028 77.494 1.950 105.522 1,950 108,600 2,700 28,028 79.444 107,472 111,300 Analysls of support costs Analysis of support costs acliwly 1 Total 2024 Total 2023 Staff costs Premises Communications and IT General office Finance costs Governance costs Insurance Professional fees Commission charge5 64.327 7.323 3,443 1.553 296 1,950 386 166 64,327 7,323 3,443 1,553 296 1.950 386 166 40,788 1,889 339 1.979 2,700 292 176 2,162 50,325 79.444 79,444 Other expenditur• Unrestricted Total Funds Unrestricted Total Fund5 Funds 2024 Funds 2023 Interest on laxatson 19 19 10. Net lexpenditure}lincome Nel lexperbditureyincome is slaled after chargingl{creditingl.' 2024 2023 Foreign exchange differences 1,251 11. Indepèndent examination fees Period frorn Year to 14 Jun 22 to 31 Oct 24 31 Ocl 23 Fees payable to the independenl examiner for.. Independent examination of the IinanGial slatemenis 1,080 11
Free From Fear CIO Notes to the Financial Statements (contrnued) Year ended 31 October 2024 12. Staff ¢ost5 The lotsl staff costs and employee benefits for the reporting pwiod are analysed as follows.. Period from Year to 14 Jun 22 10 31 Oct 24 31 Oc123 Wages and salaries Employer conlribulions lo pension plans 63,976 351 40.340 448 64,327 40,788 The average head count of employees during Ihe year was 412023-. 21. No employee received employee benefiis of more than £60,000 during the year12023.' Nill. 13. Trustee remuneration and expenses No Iruslees received any remuneration, benefits or expenses fiom empk)ymenl with the charity or a relat&d entity during the period. 14. Debtors 2024 2023 Other debtors 5,965 5,965 15. Creditors.. amounts talling duè within one year 2024 2023 Accruals and defe¥red income Other creditors 4.680 805 2,700 654 5,485 3.354 16. Penslons and other post retirement bènèfits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribulion plans was £351 12023.. £4481. 12
Free From Fear CIO Notes to the Financial Statements Icontiniredj Year ended 31 October 2024 17. Analysis of charitable funds Unrestrictèd funds At Income Expenditure 31 Oct 2024 Al 1 Nov 2023 General funds 215.659 16.147 1106.0411 125,765 Al Incmie Expenditure 31 Oct 2023 14 Jun 2022 General funds 323.509 (107,8501 215,659 RestriGted funds At Inccffle ExpendiliiTe 31 Oct 2024 At 1 Nov 2023 Reslricled Funds - Afghan relief project 2.931 11,4311 1,500 At 14 Jun 2022 At Income Expenditure 31 Oct 2023 Restricted Funds Afghan relief project 3.469 13.4691 18. Analysis of net assets between funds Unrestricted Funds Reslricled Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 131.250 15,4851 125.765 1,500 132.750 15.4851 127,265 1.500 UnrestrKled Funds Restricted Total Funds Funds 2023 Current asseis Creditors le$5 than l year Net assets 219.013 13.3541 215,659 219.013 13,3541 215,659 19. Related parties There were no relaled party transactions during the period and no disckjsures are required {2023 none). 13
Free From Fear CIO Managemenl Infomiation Year ended 31 October 2024 The followlng pages do not form part of the financial statement5. 14
Free From Fear CIO Detailed Statement of Financial Activities Year ended 31 October 2024 Period from 14 Jun 22 to 31 Oct 23 Year to 31 Oct 24 Income and endowmÈnt5 Donations and legacies Donations Manchester Jewsh Philanthropic 7.003 fO.374 59,704 267,274 17.377 326,978 Investmènt income Bank inlerest receivable 1,701 Total income 19.078 326,978 Expenditure Expenditure on charitable activities Wages and salaries Pension costs Rent Insurance Legal and professional fees Telephone Other office cosls Foreign exchange gainlloss Advertising and marketing Computer and IT costs Other expenses Bank charges Cornmissions Afghan Relief Proje¢l 63,976 351 7.323 386 2.116 171 40.340 448 292 2.876 69 14 1,251 208 1,820 118 728 2,162 60.974 276 3.272 1,277 296 28.028 107.472 111,300 Other expenditure Interest on laxalion 19 Total expenditure 107.472 111.319 Net lexpenditurellincome {88,3941 215,659 15
Free From Fear CIO Notes to the Detailed Statement of Financial Activities Year ended 31 October 2024 Perx)d from 14 Jun22to 31 Ocl 23 Year to 31 Oct 24 Expenditure on charitable activities Direct costs Activities undertaken directly Afghan Relief Projecl Support costs Wageslsalaries Pension costs Rent Insurance Legal and professional fees Telephone and communication Printing. postage and slalionery Foreign exGhange gainlloss Advertising and marketing costs Computer and IT ¢0sls Other expenses Bank charges Commission charge 28.028 60,974 63,976 351 7,323 386 166 171 40,340 448 292 176 69 14 1,251 208 1,820 118 728 2,162 276 3,272 1,277 296 77,494 47,626 Govèrnance costs Accountancy fees 1.950 2,700 Expenditure on charitable activities 107,472 111,300 16