WORLD PEACE NOW FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
07898807 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

WORLD PEACE NOW FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WORLD PEACE NOW FOUNDATION CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

The principal activity of the company in the year under review was Research and experimental development on social sciences and humanities.



Directors

The director shown below has held office during the whole of the period from
1 February 2023 to 31 January 2024

Daniel Percy Harris


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 July 2024

And signed on behalf of the board by:
Name: Daniel Percy Harris
Status: Director

WORLD PEACE NOW FOUNDATION CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 63 54
Cash at bank and in hand: 7,714 8,345
Total current assets: 7,777 8,399
Creditors: amounts falling due within one year: 4 ( 14,553 ) ( 14,696 )
Net current assets (liabilities): (6,776) (6,297)
Total assets less current liabilities: (6,776) ( 6,297)
Total net assets (liabilities): (6,776) (6,297)
Members' funds
Profit and loss account: (6,776) ( 6,297)
Total members' funds: ( 6,776) (6,297)

The notes form part of these financial statements

WORLD PEACE NOW FOUNDATION CIC

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: Daniel Percy Harris
Status: Director

The notes form part of these financial statements

WORLD PEACE NOW FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WORLD PEACE NOW FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

WORLD PEACE NOW FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
£ £
Other debtors 63 54
Total 63 54

WORLD PEACE NOW FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 14,553 14,696
Total 14,553 14,696

WORLD PEACE NOW FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Loans to directors

The company is supported by the director by way of loans injected to meet the financial commitments, the balance due to the director at the year end is £14,553.

COMMUNITY INTEREST ANNUAL REPORT

WORLD PEACE NOW FOUNDATION CIC

Company Number: 07898807 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

The company (now known as a "nonprofit ethical incubator") aims to develop project tools (both online and offline) to help to facilitate collaborative working on joint projects locally and internationally. During the financial year 2023 to 2024 the company has been investigatingtechnologies and partnerships that would facilitate the creation of these online tools. Initial ideas have been drawn up for the functional specification of these online tools. Social networking and newsletter infrastructure has been put in place. The company continues hosting fundraising toolsfor the online community Global Challenges Collaboration, for the environmental based app NoPlasticApp, and for the art based project CultureBanked. Two newer projects continue to be supported, a health and safety app BubblersApp, and a configurable dating app WhenWeMeet.The company is seeking to host further projects that are compatible with the company's goals. The company has previously raised funds for NoPlasticApp and is seeking further funding for all of its projects in order to continue their development.

Consultation with stakeholders

In the process of identifying suitable technologies and functional specifications for the online tools, stakeholders have been consulted. At this stage the consultation has been lightweight and we will be ramping this up as the development progresses. To engage with stakeholders communication tools such as social networks and newsletters have been put in place.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 July 2024

And signed on behalf of the board by:
Name: Daniel Percy Harris
Status: Director