2023-08-31-accounts - Worldwide People For People

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WORLDWIDE PEOPLE FOR PEOPLE Accounts- 31st August 2023

WORLDWIDE PEOPLE FOR PEOPLE

(A company limited by guarantee and not having a share capital)

Charity number: 297118 Company number: 2138394

Accounts – 31st August 2023

INDEX

1-2. Report of the Directors and General Information 3. Independent Examiner’s Report to the Directors
Statement of Financial Activities
Balance Sheet
6-8. Notes to the Accounts

Registered in England and Wales No: 2138394

WORLDWIDE PEOPLE FOR PEOPLE

REPORT OF THE DIRECTORS for the year ended 31st August 2023

The Directors are pleased to present their annual report and financial statements of the charitable company for the year ended 31st August 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102).

Reference and Administration Details

The charity’s name is Worldwide People for People.

Charity Registration Number: 297118 Company Number: 2138394 Registered Office: 22b High Street Witney Oxfordshire OX28 6RB

Directors and Trustees

The Directors of the charitable company (the charity) are its Trustees for the purposes of charity law. The Trustees and officers who served during the year and since the year end were as follows:

T D’Souza A Wells A Ball

Objectives and Activities

The main objects of the charity are:

a) The relief of poverty
b) The advancement of education
c) The enabling of member charities better to meet their respective charitable purposes.

Member Charities

The member charities are noted below:

AMREF Amref Health Africa LC Leonard Cheshire LEPRA LEPRA Health in Action DI Deafkidz International

WORLDWIDE PEOPLE FOR PEOPLE

REPORT OF THE DIRECTORS

for the year ended 31st August 2023 ( Continued)

Achievements and Performance

When planning the activities for the year the directors have considered the Charity Commission’s guidance on public benefit. The company receives income through payroll giving and from that income make regular charitable donations to member charities noted above.

Financial Review

During the year the company received donations amounting to £50,152. The company made donations of £30,000 and incurred other expenditure of £12,404.

Reserves Policy

The directors have examined the charity’s requirements for reserves taking account of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 4 months of expenditure. The directors consider that this should be £11,000 in general funds. The reserves are needed to meet the working capital requirement of the charity and the directors are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. Income funds stand at £25,105 which is more than the intended funds.

The charity is a consortium of four charities and only meets up twice a year (normally) this is when disbursements are agreed.

Structure, Governance and Management

Governing Document

Worldwide People for People is a company limited by guarantee governed by its Memorandum and Articles of Association dated 17 May 1987. It is registered as a charity with the Charity Commission. Members of the charitable company guarantee to contribute amounts not exceeding £1 to the assets of the charitable company in the event of winding up.

This report has been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006

Approved by the directors on 4th October 2023 and signed on its behalf by:

T D’Souza

………………………………….. T D’Souza - Director

Witney

WORLDWIDE PEOPLE FOR PEOPLE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the trustees on my examination of the accounts of the Worldwide People for People charitable company for the year ended 31st August 2023, which are set out on pages 4 to 8.

Responsibilities and Basis of Report

As the charity’s trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner’s Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

A Williams FCCA CTA A J Carter & Co Chartered Accountants

22b High Street Witney Oxon OX28 6RB

17th November 2023

WORLDWIDE PEOPLE FOR PEOPLE

STATEMENT OF FINANCIAL ACTIVITIES

(including an income and expenditure account) for the year ended 31st August 2023

Note Income from: Donations and legacies 3 Investments 4 Total incoming resources Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net income/(expenditure) and net movement in funds for the year Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted Restricted Total Funds Funds Funds 2023 £ £ £ 50,152 - 50,152 96 - 96 50,248 - 50,248 6,822 - 6,822 35,582 - 35,582 42,404 - 42,404 7,844 - 7,844 - - - 7,844 - 7,844 17,261 - 17,261 £25,105 £- £25,105	Total Funds 2022 £ 58,506 4
		58,510
		7,027 65,170
		72,197
		(13,687) -
		(13,687) 30,948
		£17,261

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The notes on pages 6 to 8 form part of these financial statements

Registered in England and Wales: 2138394

WORLDWIDE PEOPLE FOR PEOPLE

BALANCE SHEET as at 31st August 2023

Note Current assets Debtors 9 Cash at bank and in hand Total current assets Liabilities Creditors falling due within one year 10 Net current assets Total assets less current liabilities Creditors:falling due after more than 1 year Provisions for liabilities Total net assets 11 The funds of the Charity Restricted income funds Unrestricted income funds 12 Revaluation reserve Total unrestricted funds Total charity funds	2023 £ - 25,885 25,885 780 25,105 25,105 - £25,105 - 25,105 - 25,105 £25,105	2022 £ - 18,041
		18,041 780
		17,261
		17,261 -
		£17,261
		-
		17,261 -
		17,261
		£17,261

For the year ended 31st August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors Responsibilities

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the act with respect to the accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006.

These accounts were approved by the board of directors and authorised for issue on: 4th October 2023 and are signed on their behalf by:

T D’Souza

...................................................... T D’Souza - Director

The notes on pages 6 to 8 form part of these financial statements

WORLDWIDE PEOPLE FOR PEOPLE

NOTES TO THE ACCOUNTS

for the year ended 31st August 2023

1. Accounting Policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of Preparation

The Financial Statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b) Public Benefit Entity

Worldwide People for People meets the definition of a public benefit entity under FRS 102.

c) Going Concern
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

d) Income Recognition Policies

Items of income are recognised and included in the accounts when all of the following criteria are met:

The charity has entitlement to the funds;
any performance conditions attached to the items of income have been met or are fully within the control of the charity;
there is sufficient certainty that receipt of the income is considered probable; and
the amount can be measured reliably.

Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.

e) Interest Receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.

f) Expenditure and Irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Cash at Bank and in Hand Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

WORLDWIDE PEOPLE FOR PEOPLE

NOTES TO THE ACCOUNTS

for the year ended 31st August 2023 (continued)

h) Creditors and Provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. Legal Status of the Charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

3. Income from donations

Donations and fundraising 4. Income from investments Interest 5. Analysis of expenditure on raising funds Charge from Professional Fundraising Organisation Donor communication Total 6. Analysis of expenditure charitable activities Donations to member Charities Administration Independent examination Total	2023 £ 50,152 £50,152 2023 £ 96 £96 2023 Total £ 6,637 185 £6,822 2023 Total £ 30,000 4,802 780 £35,582	2022 £ 58,506
		£58,506
		2022 £ 4
		£4
		2022 Total £ 6,912 115
		£7,027
		2022 Total £ 60,000 4,390 780
		£65,170

WORLDWIDE PEOPLE FOR PEOPLE

NOTES TO THE ACCOUNTS

for the year ended 31st August 2023 (continued)

7. Net income/(expenditure) for the year

This is stated after charging: Independent examiner's fee	2023 £ 780	2022 £ 780

8. Corporation tax

The charity is exempt from tax 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 to its charitable objects.

9. Debtors

Other debtors 10.Creditors: amounts falling due within one year Accruals 11.Analysis of net assets between funds Cash at bank and in hand Other net current assets/(liabilities) Total 12.Analysis of charitable funds Analysis of movements in unrestricted funds Balance 31.8.22 £ General fund 17,261 Total £17,261	General Designated Fund Funds £ £ 25,885 - (780) -	2023 £ - £- 2023 £ 780 £780 Restricted Funds £ - -	2022 £ -
			£-
			2022 £ 780
			£780
			Total £ 25,885 (780)
	£25,105 £-	£-	£25,105
	Incoming Resources resources expended £ £ 50,248 (42,404)	Transfers £ -	Funds 31.8.23 £ 25,105
£17,261	£50,248£(42,404)	£-	£25,105