Financial Statements FY2025.
The balance sheet as at 31 December 2025 and the statement of income and expenses for the year then ended, with notes, published in fulfilment of the foundation's ANBI publication obligation. Restated in August 2026 to recognise founder-funded costs in the foundation's accounts (note 2).
1 January – 31 December 2025 · Stichting UnitedPeoples · The Hague · euros (€)
Basis of preparation
The foundation was pre-operational throughout 2025: it received no fundraising income, undertook no commercial activity, employed no staff and paid no remuneration. The direct costs of the founding programme were paid personally by the founder. On completion of the foundation's administration in August 2026, these costs were recognised in the foundation's accounts in the years in which they were incurred, with a corresponding founder capital contribution recorded for the same amounts. These statements present that restated position; the comparative figures for 2024 are restated on the same basis.
Balance sheet as at 31 December 2025
Assets
Equity & liabilities
Statement of income and expenses for 2025
Income (baten)
Expenses (lasten)
Notes
Stichting UnitedPeoples — RSIN 866620205, KvK 94057761 — corporate seat The Hague; ANBI public-benefit status with effect from 16 July 2024. Amounts are stated in euros on an accruals basis.
These statements were restated in August 2026 on completion of the foundation's administration. Costs of the founding programme paid personally by the founder, previously left outside the foundation's accounts, are now recognised as foundation expenses in the years in which they were incurred: €53,803 in 2024 and €22,444 in 2025, with founder capital contributions recorded for the same amounts. The comparative figures for 2024 have been restated on the same basis. These statements replace the nil report published earlier in 2026.
The foundation received no donations, grants or other income in 2025 or 2024. The founding programme was funded entirely by the founder (note 5).
The foundation employed no staff and paid no salaries. Board members, including the founder who serves as Chair and Acting Chief Executive, served without remuneration. Only reasonable, pre-approved travel expenses are reimbursable; none were charged in the year.
Costs of the foundation paid personally by the founder, R.J. Westrope, are recognised as a founder contribution balance: €76,247 at 31 December 2025 (31 December 2024: €53,803). No interest accrued and no repayments were made in either year. See note 8, subsequent events.
The 2024 balance sheet includes €2,843 of founding costs invoiced around year-end, held as formation costs with a matching payable. These were recognised in expenses in early 2025, and the payable was settled by the founder and added to the founder contribution balance.
During 2025 the foundation did not hold an operative bank account; foundation payments were made personally by the founder. Its account with ING Bank (IBAN NL23 INGB 0115 0861 29) was opened in 2026.
By the Founding Grant Agreement executed in August 2026, all founder contributions were confirmed as grants without consideration. The cumulative balance of €90,986, comprising €75,986 contributed by the founder and €15,000 recognised as contributed by board member D. Janzen toward the foundation's incorporation, was converted to grant income in the 2026 financial year, extinguishing any repayment obligation of the foundation.
During the founding phase the foundation's costs exceed its income by design, funded by founder contributions pending founding capital, which the board is actively pursuing in 2026. Following the August 2026 grant conversion the foundation carries no founder debt.
Adoption
These financial statements, as restated in August 2026, were adopted by the board of Stichting UnitedPeoples and are published as part of the foundation's ANBI disclosures.
Stichting UnitedPeoples · The Hague
