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2021-03-31-accounts

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ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2021

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War on Want Annual Report and Financial Sratement for the year ended 31 March 2021 global rules that are being rewritten behind closed doors will continue to put profit- and the right of corporations to pollute- ahead of people and the planeL What will emerge from the wreckage of these global crises remains hugely uncertain. In a worrying sign, we are already witnessing a rolling back of fundamental human rights. with militarised crackdowns on protestors around the world. In Colombia, protests against regressive tax reforms and state attacks on human rights defenders in recent months were met with police violence, including reports of homicide and sexual assaulL In Palestine, protests against displacement and ethnic cleansing were met with armed violence that escalated into an I14ay bombardment of the Gaza Strip, and subsequently a campaign of mass arrest and detention of Palestinians. New threats to protest rights and civil society space are also emerging here in the UK, including the draconian measures proposed in the Police. Crime, Sentencing and Courts Bill. Against this backdrop, the importance of active international solidarity has been stressed again and again by our partners over this past year. Meeting the many chal- lenges, we face collectively would not be possible without the generosity of our mem- bers and 5UPPOrters. who not only provide the much-needed resources to support our partners, but also act in their thousands to support those fighting for justice. Going forward, we will continue to call on our members and supporters to work with us more than ever before. to amplify our calls to action, and to drive forward change in workplaces and communities. so that together we are able to make an even greater impact. Many of our members and allies have themselves lost loved ones to the Covid- 19 pandemic over the past year, whilst others face increasing economic hardship. We are deeply grateful and pay tribute to every member and supporter of War on W3nL Throughout our 71>year history, War on Want has never faltered from speaking truth to power and from workingto realise our vision of3 just world. With your support we will continue to strive together for the better world that we know is possible. Thank you. Norina O'Hare Chair, Council of Management Asad Rehman Executive Director Page 9

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7[[bNY GR]_a N[Q <V[N[PVNY HaNaRZR[a S_ aUR fRN_ R[QRQ ., CN_PU -+-,

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FNTR ,0

%&1 /. %&.2

7[[bNY GR]_a N[Q <V[N[PVNY HaNaRZR[a S_ aUR fRN_ R[QRQ ., CN_PU -+-,

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%&1 /. %&.2

7[[bNY GR]_a N[Q <V[N[PVNY HaNaRZR[a S_ aUR fRN_ R[QRQ ., CN_PU -+-,

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FNTR ,2

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FNTR --

War on Want Annual Report and Financial Sratement for the year ended 31 March 2021 Statement of Trustees, Responsibilities The trustees (who are also directors of War on Want for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statsments in accordance with Ipplicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Actounting Practi¢e) including FRS 102, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland. Company law requires trustees to prepare financial statements for each financial year which give a true Ind fair View of the state of the affairs of the charitable company 2nd of the incomingl outgoing resources and application of resources, intluding the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to-. select suitable accounting policies and then apply them Consistently. observe the methods and principles in the Charities SORP,. mike judgements and estimates that are reasonable and pruden¢ srate whÈthÈr applicable UK Accounting Standards have been followed, subjett to ny material departures disclosed and explained in the financul statements.. prepare the finincial statements on the going Concern basis unless it is inappropriate to presume that the charitsble company will continue in business. The trustees are responsible for keeping proper accounting records thar disclose with reason- ble accurtcy at any time the financial position of the charitable tompany 2nd enable them to ensure that the financial sratements comply with the Companies Act 2006. They are also re- sponsible for safeguarding the assets of the charitable Company and hence for taking reasonable steps for the prevenuon and detection of fraud and other irregulariries. Disclosure of information to auditors So far as the trustees are aware, there is no relevant audit information of which che company's auditors are unaware. The trusrees have taken all the steps thai ¢hey oughr to have taken as trustèes in order to make themselves aware of any relÈv&nt audir information and co establish that the company's auditors are aware of Ihat information. Auditors Moore Kingston Smith LLP have indicated their willingness to continue in office and in ac¢ord- ance with the provisions of the Companies Act it is proposed that they be re-app0ln￿d audicors for the ensuing year. By order of the Council of Management Norina O'Hare Chair Page 23

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WAR ON WANT

Opinion

We have audited the financial statements of War on Want (‘the company’ for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of financial statements section of our report. We are independent of the Corporation in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 24

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WAR ON WANT

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 23, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit.

Page 25

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WAR ON

WANT

However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Page 26

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WAR ON WANT

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Saunders (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

Devonshire House 60 Goswell Road London EC1M 7AD

Date: 17 December 2021

Page 27

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War on Want Annual Report and Financial Sratement for the year ended 31 March 2021 Balance Sheet Notes 2021 2020 Fixed A55ets Tawble 3S5ets Investments 12 723,721 673,683 752,800 563,627 13 1397 404 1316427 Current Assets Stock5 Debtor5 Cash at bank and in hand 14 5.668 300,391 1132,393 1,438,452 5.668 370,196 951,718 1,327,582 15 Liabilities: Creditors falling due wthin one yèar 16 1110,6041 164,2371 Net Current Assets 1327 848 1263 345 Total Net Assets 2 725 252 2 579 772 The Funds of the Charity. unrestr1c￿d fund5 Designated funds Restricted funds 17 17 17 1,396,536 729,489 599,227 1.237,633 761,300 580.839 Total Charity Funds 2 725 252 2 579 772 The financial statements on page$ 28 to 44 were approved by the trustees on 2nd September 2021 and signed on their behalf by-. N (YHare Chair Roger McKenzie Treasurer Company registrauon number-. 629916 Page 29

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