2020 Annual Report Helping young people to fulfil their full potential.
“The Peace Child training changed my life and helped me a lot. I can sell so much more now than before. I’m able to support my family, I feed my children every day buying them fruit and rice, I can also help with the school fees, I don’t need to depend on anyone. I feel proud” Mabintu, 22. Kenema Sierra Leone.
2020 Trustees
Contents
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David Woollcombe
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Viji Underwood
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Hortense Julienne
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Fayyadh Sham
Letter from the Chair The Power of Young People Impact Report 2020 Entrepreneurship Training Case Study Employability Mentoring Global Education – UN75 Activities Plans for 2021 Charity and Financial Information Thank You
Page 2 Page 4 Page 6 Page 7 Page 9 Page 10 Page 12 Page 14 Page 15 Page 16
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Antonia Williams
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Selina Goodheart
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Rosey Simonds – Secretary to the Board
Letter from the Chair
At the end of perhaps the strangest year in living memory, with tragedy reaching almost every country in the world, it is good to be able to report that the Peace Child family have survived intact and have had a busy and productive year.
The team continues to work hard to help young people achieve their full potential and bring about social, economic and environmental change . This year we are proud to have helped 1,917 marginalised young women in Sierra Leone permanently escape poverty and secure an income of their own. We also engaged a further 4,419 people in open debates and workshops on how young people can help to build a more secure world, in celebration of the UN's 75th anniversary.
I am incredibly proud of the team and how well we were able to adapt our work to meet the changing COVID world and support thousands of young people in these unsettling times to take control and build a brighter future for themselves. Thanks to our kind supporters we were able to redesign our schools programme in the UK to offer an online mentorship programme, and we look to see how we can build and expand our existing programmes both in the UK and internationally . In Sierra Leone, where many communities have limited access to water, relying on streams or wells, we were able to install wash stations so anyone entering or leaving the village could wash their hands and minimise the chance of spreading the virus. In addition to our standard trainings we also hosted COVID-19 information sessions and gave each of the trainees this year hygiene kits for their households.
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This year it was really good to be back in touch with old colleagues from the UN and its agencies on the occasion of their 75th Anniversary. They marked it by launching a Global Conversation on “What kind of a United Nations do we need to build the future we want?” The ideas were gathered together in a UN75 Declaration which was agreed by all 193 UN member states: unsurprisingly, it repeated several of the Sustainable Development Goals but we were particularly pleased to see the inclusion of a commitment to “Listen to, and work with, young people – and seek meaningful engagement with them….”
That, of course, is what Peace Child International has sought to do these last 39 years and it is amazing to see that, finally, the member governments of the UN have seen fit to include it as one of its 12 commitments for its future.
We have a lot to be proud of this year and I hope this report will go some way towards highlighting the huge impact that can be made with a relatively small investment. Like many in the sector we are waiting anxiously to see what will happen when the UK government merges the Department for International Development (DFID) into the Foreign, Commonwealth & Development Office (FCDO). Hopefully UK leadership will continue along with its landmark commitment to spending 0.7% of government income on overseas aid. But there’s no escaping the feeling that this is going to impact millions of the world’s most vulnerable young people and children. Now is a challenging but exciting time for young people, and we must work together to ensure everyone has the opportunity, skills, knowledge and experience they need to fulfil their potential and bring about lasting change in their own lives and that of their community.
Finally, I would like to take this opportunity to thank our trustees for their steady guidance, our CEO Adriana for her extraordinary leadership and our kind supporters for believing in the power of youth. With rising youth unemployment and a future of uncertainty, young people need our support now more than ever before and we could not do this without you. Next year we will work hard to forge partnerships with key governments, corporations and funders to enable that “meaningful engagement” with young people which, in our experience, always delivers the best results.
David Woollcombe Chair and Founder
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The Power of Young People
Our vision is a future where young people play an equal role in society, and live in a world which enables them to thrive.
We have seen over and over again that young people have the power to transform society. Their participation in all aspects of society is crucial but too many young people are denied the opportunity to do so: many struggle to bring about change as they have limited or no access to decisionmaking processes. Crucially, many lack the skills, knowledge and confidence they need to fulfil their potential and bring about lasting change.
Our mission is to empower young people to gain the self-confidence, skills and knowledge they need to fulfil their potential and bring about social, economic and environmental change.
Peace Child International is a youth-led charity that empowers young people to gain the skills, knowledge and confidence they need to achieve their full potential and bring about social, economic and environmental change in their own lives and in the wider community. We do this through highly innovative and dynamic trainings, mentoring and global education programmes which have been designed to be scalable across the world. Peace Child promotes youth participation by supporting young people to build their confidence and develop vital skills such as communication, negotiation and teamwork, all of which are essential in many aspects of their future, especially for employment.
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Guiding Principles
Peace Child believes in young people. We know that when given the right skills, tools and knowledge young people will thrive. Therefore, with every programme we undertake, we seek to follow these guiding principles:
Youth-lnspired
We value the ideas, voices and goals of young people. We actively engage with and listen to young people from around the world. This informs our strategy and helps us develop effective programmes, youth solutions and advocacy. Whenever possible, we seek to co-manage projects, working together with young people to ensure that young people feel ownership of the projects in which they are engaged.
Sustainability
This drives all our work, as we don’t do anything unless we are convinced it’s sustainable.
Innovation
We seek improvement and innovation in all our work. We define innovation not necessarily as something new but employing new uses of traditional methods.
Education
We encourage young people around the world to get informed, and empower them to create positive change in their own lives, and that of their communities. We do this through training, mentoring and education.
Collaboration
We work in partnerships at all levels, engaging with some of the most powerful organisations internationally, as well as small grassroots organisations and individuals from all around the world.
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Impact Report 2020
All our programmes have been developed working in close partnership with young people themselves. This is what makes them so effective. The common thread linking all our programmes is our passion for making young people believe in themselves and helping them to achieve their full potential. All our programmes are about young people taking control of their lives and their future.
Entrepreneurship Training Be The Change Academy
Employability Mentoring Work The Change
Global Education UN75 Activities
Empowering young people in Africa to build their own sustainable businesses and improving their livelihoods for the future
Leading young people across the UK to develop their skills, employability and confidence for a better future
Promoting and teaching the UN’s Sustainable Development Goals to achieve a future where young people can thrive – the future we all need
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Entrepreneurship Training
In parts of Africa, there simply aren’t enough jobs; without a means of making money, vulnerable young people find themselves trapped in a vicious cycle of poverty. They are often unable to pay for food, medical costs or education. Our innovative entrepreneurship training programme targets illiterate young women in Sierra Leone, helping them to escape this vicious circle by creating and improving their own businesses and providing them with the skills and knowledge needed to generate a sustainable income. This means that they are finally able to feed themselves and their families, send their children to school and pay for vital medicine.
Since 2013, in collaboration with our local partner AWISH and the young women themselves, we have developed an effective image-based business training programme which empowers illiterate young women to build a sustainable business. Being image-based, and tailored specially for those with little or no formal education, our project fills a gap in existing provision. It is unique and provides an example of best practice in how to transform the lives of some of the world’s most marginalised young people.
This year we trained 1,917 marginalised young women in Sierra Leone and indirectly supported over 11,500 vulnerable people. 86% of these women were either not very or not confident at all in reading, 69% had never been to school, only 27% had completed primary school, and 4% had completed secondary school.
Our overall objective was to help them increase their earning potential through a better understanding of business management and finances. However, the impact of these trainings went far beyond improvement in income. We are incredibly pleased to report that we found improvement to increased access to finance, ability to save more money, confidence, community engagement and evidence of reduced domestic violence and increased decision-making power. These changes will have a significant impact on the young women for years to come, ensuring the long-term sustainability of this project.
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Outcome 1 – Increased income
- On average, 6 months after completing the training we found women had increased their income by 214,000 SLL per month (£15.07). This is a 137% increase on pre-training income of 156,000 SLL per month.
If these results were to be replicated across all trainees, this would give trainees an additional £346,753 per year (between them) and we expect their earning potential to continue to grow over their lifetimes. This is a significant increase from pre-training income and highlights that we have been able to create economic growth in one year on excess of the total cost of the trainings, which was £98,746 this year or just £51.51 per trainee.
Outcome 2 – Greater understanding of business management
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90% of the young women have reported using the skills (market research, customer service etc) they were taught to create better business practices and more viable businesses.
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88% of young women added a new product to their business.
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84% of young women reported an increased customer base.
Outcome 3 – Increased Access to finance
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Supported the creation of 56 savings groups, that use Peace Child’s bespoke and innovative management system, to enable all members irrespective of their education levels to understand how the groups’ finances work and how they can access credit.
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1,514 women are now members of savings groups, they can save and access informal credit within their own communities, with members saving on average 3,600 SLL per week.
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As a result, 100% of these women now have confidence in how their savings are managed.
Outcome 4 - Increased access to services
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373 women linked to services, such as micro finance institutions, transportation and educational providers.
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153 women have access to finance to grow their business, with a minimum loan of 500,000 SLL being provided.
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Case Study – Sierra Leone
Before the project, 18-year-old Kadie was supporting her mother by selling products for her business. She was unable to run her own business as she lacked the self-confidence to talk with people outside her family as a result of having a speech impediment. Due to this lack of confidence and need for support she would only help when her mother was present at the business.
Her mother credits the training as having a transformative effect on Kadie, stating: “She has gained independence; is running a business for herself. I am so proud of her and can now see her having a great future”.
However, as a result of the Peace Child training, and in particular the image-based approach and the peer-to-peer facilitation techniques used, Kadie had the opportunity to learn for the first time and began to gain confidence from communicating, learning and applying her new knowledge.
Following the training, Kadie has established her own business, independent of her mother. She is selling staple food items such as rice and cooking oil in her village. Kadie is continuing to use the skills she gained from the training. She is already planning how to adapt her business for the changing weather. She told us: “with the rainy season coming, I need to complete my market research and find what I will sell, my first idea is selling rain boots.”
Learnings
This year we successfully piloted an innovative and highly effective record keeping methodology which allows illiterate women to understand and track the financial transactions of savings and loan groups. Feedback has shown that understanding group finances and being able to hold leaders to account has had a transformative impact on their lives.
Building on this insight, we will continue to refine our trainings thereby deepening the financial understanding of the illiterate young women we work with in Sierra Leone.
We will incorporate updated financial materials so that they are better able to track and record their finances. This will help ensure that they can access capital which is vital to the success of their businesses and their future inclusion within decision making.
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Employability Mentoring
The pandemic has had a devastating impact on young people, with youth unemployment in the UK predicted to rise further in the coming years. Young people’s life chances have been dramatically impacted by the school closures and the lack of opportunities for self-development this year. Young people, particularly those from disadvantaged backgrounds, already face significant challenges when they leave full-time education and securing a job will become harder and harder.
Our tailored peer-to-peer training programme addresses this challenge and has already empowered over 3,000 young people in the UK. Working with experienced, highly trained facilitators, Peace Child supports young students to gain the skills, confidence and tools they need to become employable, and encourages them to take responsibility for building up their skills before leaving school – thus easing the school-to worktransition.
Given the new social distancing rules and the pressures schools currently face, Peace Child, in collaboration with young people themselves, redesigned the training to be virtual and mentor-based. This is an exciting development and means the programme can be highly tailored to the needs of each individual, helping them plan for their next future steps in education/ apprenticeships/ employment.
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The programme covers 6 key areas:
Our new and exciting online mentorship programme has been designed in collaboration with young people and educational experts. The programme is highly interactive and tailored to individuals, combining our peer to peer employability trainings with a mentorship programme we had previously run in schools targeted at vulnerable learners.
The purpose of this bespoke 6 week mentoring course is to empower young people to fulfil their potential. The training will include the ability to self-assess their own strengths and weaknesses as well as develop a rigorous understanding of how to fill gaps in their own skills and experience. Our first trainings will take place at a Cambridge school in January 2021. We are really excited to see the impact of this project.
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Global Education - UN75 Activities
Following consultation with our youth network, a team of young volunteers helped prepare progress reports on the UN Sustainable Development Goals, which formed the ground-work for a year-long project of school and community programmes to mark the UN’s 75[th] Anniversary.
An early event took place in Middlesbrough Town Hall on 30[th] January 2020. Children from every Tees Valley borough participated in a concert using songs from the original Peace Child musical, statements from Teeside Poets, and a presentation by Jess Maddison and some Red Rebels from Extinction Rebellion.
MP for Middlesbrough, Andy McDonald , saw the concert and wrote afterwards:
“ This may have been the children’s first experience of activism and that political education is so critical. They are the future leaders of our country and for them to be learning about climate change, human rights, the need for global peace and the battle to end poverty and oppression gave me hope for our future. A night like this reaffirms my faith that we will not stand idly by while poverty and climate change ravage our world. I was proud that Middlesbrough - a town built on immigration, with a proud history of welcoming new communities - hosted a celebration of how we are all citizens of the world. And I was proud to see our young people here in Middlesbrough stand up and raise their voices in support of the most vulnerable – to say they want to be heard and they want to change the world.”
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It was raised in our week-long online UN75 Festival, co-hosted with UNALASER and UNA-UK in October entitled: What next for the UN? Workshops on key security issues – health, environment, food, economics, peace and digital security – were followed by a concert celebrating the past, present and future of the UN – which climaxed in an intergenerational dialogue where the young authors of the Digital UN idea discussed their hopes for the UN with a panel of elders.
Plans are already in place for follow-up activities next year, with a conference planned to take place in Estonia 2021, and for a series of online Model Citizens Assemblies on existential threats to young people’s future. We are also planning to launch a youth Sustainability Project in Luton, UK – involving all the schools in the town in a search for how the UN’s Sustainable Development Goals can be achieved in a large, multi-cultural community with many different social and economic pressures.
Other events included “Intergenerational Dialogues” between young people, who need an effective UN to secure their future, and professionals, who have long experience of the challenges faced by an organisation ruled by the governments of 193 sovereign nations. One was hosted by the United Nations Specialized Agencies (UNAs) of Harpenden and St Albans: a team of well-informed young Harpenden students asked challenging questions about the future of the UN with David Woollcombe of Peace Child, and Sir Richard Jolly, former deputy director of UNICEF, and Chair of UNA-UK. Sir Richard explained: “There are three UNs: first – the government one – the main one which makes all the decisions; second – the Secretariat which has considerable freedom to develop new initiatives and make radical recommendations; third – NGOs, Civil Society – organisations like Peace Child which have special status with the UN and can participate in its meetings, making suggestions, researching policy options, and ensuring that the solutions implemented are effective.”
To which one of the students, Lauren, pointed out: “Surely, there’s a fourth UN now: a digital UN which we can all be part of. This should be expanded so that we the people feel more ownership of decisions the UN is taking on our behalf.”
This launched a major theme for further discussions, both at our UN75 Conference, with Peace Child’s partner organisation in Tallinn, Estonia and a follow-up conference in Tunisia. It taps into the major focus of most of the NGO conferences and initiatives pursued through the UN’s 75th Anniversary year: how to secure more citizen involvement in the UN.
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Plans for 2021
Peace Child will continue to empower young people to gain the skills, knowledge and confidence they need to achieve their full potential and bring about social, economic and environmental change in their own lives and those of the wider community. We will continue to build on learnings and will do this through our Training, Peer Mentoring and Global Education programmes:
Training : We will continue to support vulnerable young women in Sierra Leone to build a livelihood and we are excited to build on the learnings gained this year to help young women to further deepen their financial understanding and inclusion.
Peer Mentoring : We will work with young people and industry experts in the UK to adapt our employability programme and we hope to encompass digital mentorship for vulnerable learners in the UK.
Global Education : We will build on the success of our UN75 work and plan to launch a new sustainability programme which unites our international work with our work here in the UK, supporting young people to gain vital employability skills whilst empowering them to have a voice in their future and bring about sustainable change in their own communities.
Whilst our core programmes will remain in the UK and Sierra Leone, all of Peace Child’s programmes have been designed so that they can be taken to any country in the world. This gives them unprecedented scalability. Peace Child will remain open to the possibility of expanding the programmes geographically if funding becomes available.
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Training
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Peer
Mentoring
Global
Education
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Charity and Financial Information
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2020 2019
Incoming Resources
Donations 17,087 24,179
Project Income (Grants) 127,388 146,560
Investment Income 69 109
Covid19 - Furlough Claims 3,782 0
Total Incoming Resources 148,326 170,848
Resources Expended
W ages 51,924 58,937
Intern costs 0 4,350
Project costs 74,019 92,618
Travel & Subs 336 1,127
Management & Admin 12,858 11,490
Rent, Utilities & Supplies 360 1,020
Fundraising costs 1,779 1,168
Depreciation 0 0
Total Resources Expended 141,276 170,710
Gain / (Loss) for the Year 7,050 138
Analysis of Resources Expended
On Generating Funds 13,860 23,597
On Charitable Activities 127,416 147,113
Total 141,276 170,710
Reconciliation of Reserves
Opening Reserves 138 0
Gain / (Loss) for the Year 7,050 138
Closing Reserves 7,188 138
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These summarised accounts are extracted from the Independent Examiner’s Report on our FY 2020 accounts which was approved by the Trustees at their meeting on 4[th] May 2021, and subsequently submitted to the Charity Commission and Companies House. The full accounts, together with the Independent Examiner’s Report prepared by Nilesh Savjani FCA, Wagstaffs Chartered Accountants, Stevenage, Hertfordshire, can be obtained from:
Adriana Poglia, Executive Director, Peace Child International.
• Email: adriana@peacechild.org • Telephone: +44 (0)1223 782092.
Signed on behalf of the Trustees
Viji Underwood
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A huge thank you to all the individuals, institutions, organisations, trusts and foundations that have supported us this year:
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Cambridge Community Foundation
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Cambridge Healthcare
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Casey Trust
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Charity Aid Foundation
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Department for International Development (DFID)
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Englefield Trust
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Grace Trust
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Groundworks
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Longmores
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Patrick Rowland Foundation
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Scott Bader
Safeguarding Statement
We believe that it is always unacceptable for a child or young person to experience abuse of any kind and recognise our responsibility to safeguard the welfare of all children and young people, by a commitment to practice which protects them.
We recognise that:
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The welfare of the child/young person is paramount, as
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enshrined in the Child Act 1989
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All children, regardless of age, disability, gender, racial
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heritage, religious belief, sexual orientation or identity, have the right to equal protection from all types of harm or abuse
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Some children are particularly vulnerable because of the
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impact of previous experiences, their level of dependency, communications needs or other issues
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Working in partnership with children, young people, their
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parents, carers and their agencies is essential in promoting young people’s welfare
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Souters
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Sovereign Housing
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The HOB Trust
Peace Child International has zero tolerance to bullying, harassment, abuse and any exploitation, sexual or otherwise.
- UNA-UK
And to our dedicated and hard-working partner AWISH Sierra Leone for delivering our entrepreneurial training programme in Kenema to such a high standard.
If you have any concerns please contact our designated Safeguarding Officer immediately:
Contact: Rosey Simonds Email: rosey@peacechild.org
Peace Child International. UK registered charity (No. 1095189) and Private Limited Company (No. 4472212). W: peacechild.org E: info@peacechild.org T: +44(0)1223782092
REGISTERED COMPANY NUMBER: 04472212 (England and Wales) REGISTERED CHARITY NUMBER: 1095189
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
FOR
PEACE CHILD INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE)
Wags LLP t/a Wagstaffs Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP
PEACE CHILD INTERNATIONAL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 to 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 15 |
PEACE CHILD INTERNATIONAL
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST DECEMBER 2020
TRUSTEES D R Woollcombe S Gerard-Sharp (resigned 8/9/20) F Shamsuddin (resigned 8/9/20) V R Underwood (Treasurer) J H Nguepnang Ntepndie E A Bromet (appointed 4/8/20) A G Williams (appointed 4/8/20) M O Barker- Vormawor (appointed 4/8/20) R Simonds (appointed 8/2/21) COMPANY SECRETARY R Simonds REGISTERED OFFICE Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP REGISTERED COMPANY NUMBER 04472212 (England and Wales) REGISTERED CHARITY NUMBER 1095189 INDEPENDENT EXAMINER Wags LLP t/a Wagstaffs Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP
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PEACE CHILD INTERNATIONAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principle activity of the charity is to educate young people about global issues and encouraging them to take action by:
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Supporting youth-led development in the poorest, most disadvantaged societies of the world.
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Creating books on global issues.
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Field testing educational materials throughout the world to assess the efficiency of different teaching methods. - Organising youth conferences and meetings to enable young people to confer with their peers about global issues.
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Organising drama, arts and music programmes for and with young people.
Public benefit
The trustees confirm that they have had regard for the Charity Commission guidance on public benefit and the activities carried out by the charity, as detailed within this report, have been undertaken to further the charity's purpose for the public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The main achievement of the Charity in the year continues to be helping disadvantaged young people achieve their full potential. Peace Child provides young people with the self-confidence, skills and knowledge they need to fulfil their potential, and secure a sustainable livelihood either through employment or entrepreneurship. In 2020 we helped 1917 marginalised young women in Sierra Leone permanently escape poverty and secure an income of their own. We also engaged a further 4419 people in open debates and workshops on how young people can help to build a more secure world; in celebration of the UN's 75th anniversary.
FINANCIAL REVIEW
Financial position
Total incoming resources for the year amounted to £148,326 (2019: £170,848). As at 31st December 2020, unrestricted funds amounted to £25,368 (2019: £18,318).
Reserves policy
The Trustees have examined the requirements for free reserves which are those funds not invested in fixed assets, designated for specific purposes otherwise committed. The trustees consider that, given the nature of work and our reliance on funds from Governmental, Non-Governmental and other charitable organisations, it is prudent to maintain a level of general funds sufficient to:
a) enable all Projects to be brought up to date and financial reports prepared for Funders
b) meets its Statutory Obligations to pay employees notice and redundancy periods
c) meet operating costs for reporting requirements to Charity Commission and Companies House The Trustees undertake to make good any reserves shortfall arising.
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PEACE CHILD IPITERNATIOIIAL REPORT OF THE TRu¥fEES FOR THE YEAR ENDED 31ST DECEMBER 2020 STRucfuiiE. GOVERIIANCE A14D MANAGEMENT Gove¥nln8 documwt The charlty 15 contrdled by its governlng documenL a deed of trusL and constltute5 a limited company. Ilmlted by guarantee, as defined by the Companies Act 21JJ6. Indurtlon Ind tralnlni ol new trust•45 The Charlty has a policy and procedure for Inducrlon and training of Trustees. New trustees are Inducted primarlly by reference to the Charlty ComMisOn welcome pack which fo¢use5 on the main duties and respon51bllilles of the role.This provides essentlal information to help new trustee5 and Includes topics such as governance ba51cs nd filin8 requlrements.this may be supplemented with speclfic trainln8 dependin8 on the Trustee5 role. Rljk mana8•m•Thl The trustees have a duty to Identlfy and review the rlsks to which the charlty Is exposed and to ensure approprlate controls are In place to pro¥ide reasonable assurance a8alnst fraud and error. EVENT5 SINCE THÉ END OF THE YEAR Informatlon relatln8 to events nce the end of the year Is 8lven In the notes to the financlal statements. ACKNOWLEDGEMENTS The Trustees are grateful io all those who have wntrlbuted In any way to the achlevement of thls years, results. Thls report h•5 been prepared In accordance with specTral provlslons of Part 15 of the Compantes Art 20)6 relatln8 to small companles. Appr Ved by order of the board of trustees on ... and 518ned on Its behalf by.. Icombe- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PEACE CHILD 114TERNATIONAI Independent wmlner's ieport to the trustees of Peace Chlld Intematlonal {'the Comparfl I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2020. Responslbilitles and basls of report A5 the charlty's trustees of the Company land also its d1CtorS for the purposes of company lawl yOLtr are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. Havln8 Satisfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are elvdible for independent examination, I report In respert of my examination of your chèrity's account5 as carried out undÈr 5ectRin 145 of the Charities Art 2011 1.the 2011 Act'l. In carrying out mv examlnation I have followed the Direclions 8iven by the Chafity Cornmlssion under sect 145151 Ibl of the 2011 Act. Independent examlner's rtatement I have completed my examinatron. I confirm that no matters have come io my attentlon In connectlon wh the examlnatw)n 8ivin8 me cause to beIve. accounting records were not kept In respect of the Company as requlred by section 386 of the 2006 Act. or the accounts do not accord wlth those records; or the accounts do not compty with the accountlng requlrement5 of sectlon 396 of the 2006 Act other than any requirement that the accovnts 8ive a twe and fair YW whkh is not a matter consldered 3$ part of an Independent examlnalion- or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accountln8 and reporting by charities lappllcable to charittes preparing their accounts In accordance with the Flnancial Reportin8 Standard applicable in the UK and Republic of Sreland IFRS 10211. I have no concerns and have tome across no other matter5 In connectlon wr(h the examlnatlon to which attentbn should be drawn In thls report In order to enable a proper undetstandin8 of the accounts to be reached. N D Savjani FCA Wags LLP tla Wagstafts Richmond House Walkern Road Stevenage Hertfordshire SG13QP Dote: Page 4
PEACE CHILD INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 17,087 Charitable activities AZUL WASI 2,606 HCF - CAF - Lowell - BTCA (HT&S) - DFID/MATCH - Ishango - UN75 19,498 WTC (UK) - Investment income 4 69 Other income 3,782 Total 43,042 EXPENDITURE ON Raising funds 5 13,860 Charitable activities AZUL WASI 2,634 HCF - CAF - Lowell - BTCA (HT&S) - DFID/MATCH - Ishango - UN75 19,498 WTC (UK) - Total 35,992 NET INCOME 7,050 |
Restricted fund £ - - - 34,800 - 14,740 48,617 - - 7,127 - - 105,284 - - - 34,800 - 14,740 48,617 - - 7,127 105,284 - |
2020 Total funds £ 17,087 2,606 - 34,800 - 14,740 48,617 - 19,498 7,127 69 3,782 148,326 13,860 2,634 - 34,800 - 14,740 48,617 - 19,498 7,127 141,276 7,050 |
2019 Total funds £ 24,179 8,565 3,559 72,850 10,966 7,200 40,920 2,500 - - 109 - |
|---|---|---|---|
| 170,848 23,957 8,565 3,728 72,874 10,966 7,200 40,920 2,500 - - |
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| 170,710 | |||
| 138 |
The notes form part of these financial statements
Page 5
PEACE CHILD INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2020
| Unrestricted fund Notes £ RECONCILIATION OF FUNDS Total funds brought forward 18,318 TOTAL FUNDS CARRIED FORWARD 25,368 |
Restricted fund £ - - |
2020 Total funds £ 18,318 25,368 |
2019 Total funds £ 18,180 |
|---|---|---|---|
| 18,318 |
The notes form part of these financial statements
Page 6
PEACE CHILD INTERNATIONAL (REGISTERED NUMBER: 04472212)
BALANCE SHEET 31ST DECEMBER 2020
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 9 609 Cash at bank and in hand 28,531 29,140 CREDITORS Amounts falling due within one year 10 (3,772) NET CURRENT ASSETS 25,368 TOTAL ASSETS LESS CURRENT LIABILITIES 25,368 NET ASSETS 25,368 FUNDS 11 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - 92,263 92,263 (92,263) - - - |
2020 Total funds £ 609 120,794 121,403 (96,035) 25,368 25,368 25,368 25,368 25,368 |
2019 Total funds £ 1,831 84,750 86,581 (68,263) 18,318 18,318 18,318 18,318 18,318 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 7
JIST DECE£ 21120 t.IL.. O &..: ..è.Q Xi.......... D R Woolkomb•. Tru%1 V R Undwwood . TN#•• The notes form part ofthese financial statements Page 8
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
1. STATUTORY INFORMATION
Peace Child International is a company limited by guarantee and registered charity, both in England and Wales. The company and charity registration numbers, together with the registered office address, can be found within the reference and administrative details on page 1.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern
The financial statements have been prepared on a going concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Long term projects
Grant contracts which involve work for a period of more than one year or extending over a year-end are treated as long-term projects and accounted for on the percentage-completed basis.
Page 9
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
2. ACCOUNTING POLICIES - continued
Long term projects
Grant contracts which are long-term projects usually stipulate a work period, deliverable and reporting obligations, co-operation and co-funding obligations and phased payment terms. Some such contracts also provide for the client to have certain rights of recovery which may extend several years beyond project completion. Grant income for such projects is recognised on a percentage-completed basis to the extent that project time has elapsed and provided that the Charity reasonably expects that it will receive and retain the corresponding income.
Expenditure relating to the performance of grant work obligations is matched to the corresponding income wherever it is practicable to do so. Since revenue is recognised with reference to percentage elapsed time rather than percentage physical completion, in most cases expenditure such as wage and salary expense is correctly matched by expensing it in the accounting period in which it was incurred. If a material timing difference occurs, expenditure may be deferred by recognising a work-in-progress asset, or a provision may be made in order to recognise the expenditure consequences of recognised income.
Final settlements on grant contracts may occur in a later year than completion of the work and may result in final income above or below the recognition basis, for example as a result of currency variations. Additional income arising from final settlements is recognised as income in the year in which it is received; income shortfalls and recoveries by donors are expensed as costs of charitable activities and any debtor items written off accordingly, also in the year of the relevant settlement.
3. DONATIONS AND LEGACIES
| 3. DONATIONS AND LEGACIES |
||
|---|---|---|
| Donations Gift aid 4. INVESTMENT INCOME Deposit account interest |
2020 £ 15,800 1,287 17,087 2020 £ 69 |
2019 £ 16,585 7,594 |
| 24,179 | ||
| 2019 £ 109 |
Page 10
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
5. RAISING FUNDS
Raising donations, legacies and securing further project income
| Staff costs Management and administration Intern expenses Fundraising consultancy Travel and subsistence |
2020 £ 9,110 2,635 - 1,779 336 13,860 |
2019 £ 17,595 3,017 1,050 1,167 1,128 |
|---|---|---|
| 23,957 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019.
Trustees' expenses
Trustees' expenses paid for the year ended 31 December 2020 totalled £88 (2019: £496).
Expenses were incurred by all trustees of the charity in the year for expenditure on raising funds (2019: all trustees for expenditure on raising funds).
7. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Full time equivalents |
2020 £ 9,110 9,110 2020 2 |
2019 £ 17,595 |
|---|---|---|
| 17,595 | ||
| 2019 2 |
No employees received emoluments in excess of £60,000.
Page 11
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 24,179 Charitable activities AZUL WASI 8,565 HCF - CAF - Lowell - BTCA (HT&S) - DFID/MATCH - Ishango 2,500 Investment income 109 Total 35,353 EXPENDITURE ON Raising funds 23,957 Charitable activities AZUL WASI 8,565 HCF - CAF - Lowell - BTCA (HT&S) - DFID/MATCH - Ishango 2,500 Total 35,022 NET INCOME/(EXPENDITURE) 331 Transfers between funds (193) Net movement in funds 138 RECONCILIATION OF FUNDS Total funds brought forward 18,180 |
Restricted fund £ - - 3,559 72,850 10,966 7,200 40,920 - - 135,495 - - 3,728 72,874 10,966 7,200 40,920 - 135,688 (193) 193 - - |
Total funds £ 24,179 8,565 3,559 72,850 10,966 7,200 40,920 2,500 109 |
|---|---|---|
| 170,848 23,957 8,565 3,728 72,874 10,966 7,200 40,920 2,500 |
||
| 170,710 | ||
| 138 - |
||
| 138 18,180 |
Page 12
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Total fund fund funds £ £ £ TOTAL FUNDS CARRIED FORWARD 18,318 - 18,318 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 £ £ Other debtors 250 1,418 VAT 92 131 Prepayments and accrued income 267 282 609 1,831 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 £ £ Trade creditors 42 4,344 Social security and other taxes (2,763) 1,198 Other creditors 331 332 Accruals and deferred income 98,425 62,389 96,035 68,263 11. MOVEMENT IN FUNDS Net movement At At 1/1/20 in funds 31/12/20 £ £ £ Unrestricted funds General fund 18,318 7,050 25,368 TOTAL FUNDS 18,318 7,050 25,368 |
Total funds £ |
|
|---|---|---|
| 18,318 |
Page 13
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 43,042 Restricted funds Restricted 105,284 TOTAL FUNDS 148,326 Comparatives for movement in funds Net movement At 1/1/19 in funds £ £ Unrestricted funds General fund 18,180 331 Restricted funds Restricted - (193) TOTAL FUNDS 18,180 138 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 35,353 Restricted funds Restricted 135,495 TOTAL FUNDS 170,848 |
Resources Movement expended in funds £ £ (35,992) 7,050 (105,284) - (141,276) 7,050 Transfers between At funds 31/12/19 £ £ (193) 18,318 193 - - 18,318 Resources Movement expended in funds £ £ (35,022) 331 (135,688) (193) (170,710) 138 |
|---|---|
Page 14
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2020.
13. POST BALANCE SHEET EVENTS
The outbreak of coronavirus, also known as Covid 19 has spread across the globe and is impacting worldwide economic activity. Conditions surrounding the coronavirus continue to rapidly evolve and in early 2020, government authorities implemented emergency measures to mitigate the spread of the virus. The Charity has taken advantage of UK governments employment financial grants.The outbreak and the related mitigation measures may have an adverse impact on the global economic conditions as well as on the Charitiy's activities. The extent to which the coronavirus may impact the Charity's business will depend on future developments. These events are uncertain and as such, the Charity cannot determine their financial impact at this time.
Page 15
REGISTERED COMPANY NUMBER: 04472212 (England and Wales) REGISTERED CHARITY NUMBER: 1095189
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
FOR
PEACE CHILD INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE)
Wags LLP t/a Wagstaffs Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP
PEACE CHILD INTERNATIONAL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 to 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 15 |
PEACE CHILD INTERNATIONAL
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST DECEMBER 2020
TRUSTEES D R Woollcombe S Gerard-Sharp (resigned 8/9/20) F Shamsuddin (resigned 8/9/20) V R Underwood (Treasurer) J H Nguepnang Ntepndie E A Bromet (appointed 4/8/20) A G Williams (appointed 4/8/20) M O Barker- Vormawor (appointed 4/8/20) R Simonds (appointed 8/2/21) COMPANY SECRETARY R Simonds REGISTERED OFFICE Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP REGISTERED COMPANY NUMBER 04472212 (England and Wales) REGISTERED CHARITY NUMBER 1095189 INDEPENDENT EXAMINER Wags LLP t/a Wagstaffs Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP
Page 1
PEACE CHILD INTERNATIONAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principle activity of the charity is to educate young people about global issues and encouraging them to take action by:
-
Supporting youth-led development in the poorest, most disadvantaged societies of the world.
-
Creating books on global issues.
-
Field testing educational materials throughout the world to assess the efficiency of different teaching methods. - Organising youth conferences and meetings to enable young people to confer with their peers about global issues.
-
Organising drama, arts and music programmes for and with young people.
Public benefit
The trustees confirm that they have had regard for the Charity Commission guidance on public benefit and the activities carried out by the charity, as detailed within this report, have been undertaken to further the charity's purpose for the public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The main achievement of the Charity in the year continues to be helping disadvantaged young people achieve their full potential. Peace Child provides young people with the self-confidence, skills and knowledge they need to fulfil their potential, and secure a sustainable livelihood either through employment or entrepreneurship. In 2020 we helped 1917 marginalised young women in Sierra Leone permanently escape poverty and secure an income of their own. We also engaged a further 4419 people in open debates and workshops on how young people can help to build a more secure world; in celebration of the UN's 75th anniversary.
FINANCIAL REVIEW
Financial position
Total incoming resources for the year amounted to £148,326 (2019: £170,848). As at 31st December 2020, unrestricted funds amounted to £25,368 (2019: £18,318).
Reserves policy
The Trustees have examined the requirements for free reserves which are those funds not invested in fixed assets, designated for specific purposes otherwise committed. The trustees consider that, given the nature of work and our reliance on funds from Governmental, Non-Governmental and other charitable organisations, it is prudent to maintain a level of general funds sufficient to:
a) enable all Projects to be brought up to date and financial reports prepared for Funders
b) meets its Statutory Obligations to pay employees notice and redundancy periods
c) meet operating costs for reporting requirements to Charity Commission and Companies House The Trustees undertake to make good any reserves shortfall arising.
Page 2
PEACE CHILD IPITERNATIOIIAL REPORT OF THE TRu¥fEES FOR THE YEAR ENDED 31ST DECEMBER 2020 STRucfuiiE. GOVERIIANCE A14D MANAGEMENT Gove¥nln8 documwt The charlty 15 contrdled by its governlng documenL a deed of trusL and constltute5 a limited company. Ilmlted by guarantee, as defined by the Companies Act 21JJ6. Indurtlon Ind tralnlni ol new trust•45 The Charlty has a policy and procedure for Inducrlon and training of Trustees. New trustees are Inducted primarlly by reference to the Charlty ComMisOn welcome pack which fo¢use5 on the main duties and respon51bllilles of the role.This provides essentlal information to help new trustee5 and Includes topics such as governance ba51cs nd filin8 requlrements.this may be supplemented with speclfic trainln8 dependin8 on the Trustee5 role. Rljk mana8•m•Thl The trustees have a duty to Identlfy and review the rlsks to which the charlty Is exposed and to ensure approprlate controls are In place to pro¥ide reasonable assurance a8alnst fraud and error. EVENT5 SINCE THÉ END OF THE YEAR Informatlon relatln8 to events nce the end of the year Is 8lven In the notes to the financlal statements. ACKNOWLEDGEMENTS The Trustees are grateful io all those who have wntrlbuted In any way to the achlevement of thls years, results. Thls report h•5 been prepared In accordance with specTral provlslons of Part 15 of the Compantes Art 20)6 relatln8 to small companles. Appr Ved by order of the board of trustees on ... and 518ned on Its behalf by.. Icombe- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PEACE CHILD 114TERNATIONAI Independent wmlner's ieport to the trustees of Peace Chlld Intematlonal {'the Comparfl I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2020. Responslbilitles and basls of report A5 the charlty's trustees of the Company land also its d1CtorS for the purposes of company lawl yOLtr are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. Havln8 Satisfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are elvdible for independent examination, I report In respert of my examination of your chèrity's account5 as carried out undÈr 5ectRin 145 of the Charities Art 2011 1.the 2011 Act'l. In carrying out mv examlnation I have followed the Direclions 8iven by the Chafity Cornmlssion under sect 145151 Ibl of the 2011 Act. Independent examlner's rtatement I have completed my examinatron. I confirm that no matters have come io my attentlon In connectlon wh the examlnatw)n 8ivin8 me cause to beIve. accounting records were not kept In respect of the Company as requlred by section 386 of the 2006 Act. or the accounts do not accord wlth those records; or the accounts do not compty with the accountlng requlrement5 of sectlon 396 of the 2006 Act other than any requirement that the accovnts 8ive a twe and fair YW whkh is not a matter consldered 3$ part of an Independent examlnalion- or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accountln8 and reporting by charities lappllcable to charittes preparing their accounts In accordance with the Flnancial Reportin8 Standard applicable in the UK and Republic of Sreland IFRS 10211. I have no concerns and have tome across no other matter5 In connectlon wr(h the examlnatlon to which attentbn should be drawn In thls report In order to enable a proper undetstandin8 of the accounts to be reached. N D Savjani FCA Wags LLP tla Wagstafts Richmond House Walkern Road Stevenage Hertfordshire SG13QP Dote: Page 4
PEACE CHILD INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 17,087 Charitable activities AZUL WASI 2,606 HCF - CAF - Lowell - BTCA (HT&S) - DFID/MATCH - Ishango - UN75 19,498 WTC (UK) - Investment income 4 69 Other income 3,782 Total 43,042 EXPENDITURE ON Raising funds 5 13,860 Charitable activities AZUL WASI 2,634 HCF - CAF - Lowell - BTCA (HT&S) - DFID/MATCH - Ishango - UN75 19,498 WTC (UK) - Total 35,992 NET INCOME 7,050 |
Restricted fund £ - - - 34,800 - 14,740 48,617 - - 7,127 - - 105,284 - - - 34,800 - 14,740 48,617 - - 7,127 105,284 - |
2020 Total funds £ 17,087 2,606 - 34,800 - 14,740 48,617 - 19,498 7,127 69 3,782 148,326 13,860 2,634 - 34,800 - 14,740 48,617 - 19,498 7,127 141,276 7,050 |
2019 Total funds £ 24,179 8,565 3,559 72,850 10,966 7,200 40,920 2,500 - - 109 - |
|---|---|---|---|
| 170,848 23,957 8,565 3,728 72,874 10,966 7,200 40,920 2,500 - - |
|||
| 170,710 | |||
| 138 |
The notes form part of these financial statements
Page 5
PEACE CHILD INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2020
| Unrestricted fund Notes £ RECONCILIATION OF FUNDS Total funds brought forward 18,318 TOTAL FUNDS CARRIED FORWARD 25,368 |
Restricted fund £ - - |
2020 Total funds £ 18,318 25,368 |
2019 Total funds £ 18,180 |
|---|---|---|---|
| 18,318 |
The notes form part of these financial statements
Page 6
PEACE CHILD INTERNATIONAL (REGISTERED NUMBER: 04472212)
BALANCE SHEET 31ST DECEMBER 2020
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 9 609 Cash at bank and in hand 28,531 29,140 CREDITORS Amounts falling due within one year 10 (3,772) NET CURRENT ASSETS 25,368 TOTAL ASSETS LESS CURRENT LIABILITIES 25,368 NET ASSETS 25,368 FUNDS 11 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - 92,263 92,263 (92,263) - - - |
2020 Total funds £ 609 120,794 121,403 (96,035) 25,368 25,368 25,368 25,368 25,368 |
2019 Total funds £ 1,831 84,750 86,581 (68,263) 18,318 18,318 18,318 18,318 18,318 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 7
JIST DECE£ 21120 t.IL.. O &..: ..è.Q Xi.......... D R Woolkomb•. Tru%1 V R Undwwood . TN#•• The notes form part ofthese financial statements Page 8
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
1. STATUTORY INFORMATION
Peace Child International is a company limited by guarantee and registered charity, both in England and Wales. The company and charity registration numbers, together with the registered office address, can be found within the reference and administrative details on page 1.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern
The financial statements have been prepared on a going concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Long term projects
Grant contracts which involve work for a period of more than one year or extending over a year-end are treated as long-term projects and accounted for on the percentage-completed basis.
Page 9
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
2. ACCOUNTING POLICIES - continued
Long term projects
Grant contracts which are long-term projects usually stipulate a work period, deliverable and reporting obligations, co-operation and co-funding obligations and phased payment terms. Some such contracts also provide for the client to have certain rights of recovery which may extend several years beyond project completion. Grant income for such projects is recognised on a percentage-completed basis to the extent that project time has elapsed and provided that the Charity reasonably expects that it will receive and retain the corresponding income.
Expenditure relating to the performance of grant work obligations is matched to the corresponding income wherever it is practicable to do so. Since revenue is recognised with reference to percentage elapsed time rather than percentage physical completion, in most cases expenditure such as wage and salary expense is correctly matched by expensing it in the accounting period in which it was incurred. If a material timing difference occurs, expenditure may be deferred by recognising a work-in-progress asset, or a provision may be made in order to recognise the expenditure consequences of recognised income.
Final settlements on grant contracts may occur in a later year than completion of the work and may result in final income above or below the recognition basis, for example as a result of currency variations. Additional income arising from final settlements is recognised as income in the year in which it is received; income shortfalls and recoveries by donors are expensed as costs of charitable activities and any debtor items written off accordingly, also in the year of the relevant settlement.
3. DONATIONS AND LEGACIES
| 3. DONATIONS AND LEGACIES |
||
|---|---|---|
| Donations Gift aid 4. INVESTMENT INCOME Deposit account interest |
2020 £ 15,800 1,287 17,087 2020 £ 69 |
2019 £ 16,585 7,594 |
| 24,179 | ||
| 2019 £ 109 |
Page 10
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
5. RAISING FUNDS
Raising donations, legacies and securing further project income
| Staff costs Management and administration Intern expenses Fundraising consultancy Travel and subsistence |
2020 £ 9,110 2,635 - 1,779 336 13,860 |
2019 £ 17,595 3,017 1,050 1,167 1,128 |
|---|---|---|
| 23,957 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019.
Trustees' expenses
Trustees' expenses paid for the year ended 31 December 2020 totalled £88 (2019: £496).
Expenses were incurred by all trustees of the charity in the year for expenditure on raising funds (2019: all trustees for expenditure on raising funds).
7. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Full time equivalents |
2020 £ 9,110 9,110 2020 2 |
2019 £ 17,595 |
|---|---|---|
| 17,595 | ||
| 2019 2 |
No employees received emoluments in excess of £60,000.
Page 11
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 24,179 Charitable activities AZUL WASI 8,565 HCF - CAF - Lowell - BTCA (HT&S) - DFID/MATCH - Ishango 2,500 Investment income 109 Total 35,353 EXPENDITURE ON Raising funds 23,957 Charitable activities AZUL WASI 8,565 HCF - CAF - Lowell - BTCA (HT&S) - DFID/MATCH - Ishango 2,500 Total 35,022 NET INCOME/(EXPENDITURE) 331 Transfers between funds (193) Net movement in funds 138 RECONCILIATION OF FUNDS Total funds brought forward 18,180 |
Restricted fund £ - - 3,559 72,850 10,966 7,200 40,920 - - 135,495 - - 3,728 72,874 10,966 7,200 40,920 - 135,688 (193) 193 - - |
Total funds £ 24,179 8,565 3,559 72,850 10,966 7,200 40,920 2,500 109 |
|---|---|---|
| 170,848 23,957 8,565 3,728 72,874 10,966 7,200 40,920 2,500 |
||
| 170,710 | ||
| 138 - |
||
| 138 18,180 |
Page 12
PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Total fund fund funds £ £ £ TOTAL FUNDS CARRIED FORWARD 18,318 - 18,318 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 £ £ Other debtors 250 1,418 VAT 92 131 Prepayments and accrued income 267 282 609 1,831 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 £ £ Trade creditors 42 4,344 Social security and other taxes (2,763) 1,198 Other creditors 331 332 Accruals and deferred income 98,425 62,389 96,035 68,263 11. MOVEMENT IN FUNDS Net movement At At 1/1/20 in funds 31/12/20 £ £ £ Unrestricted funds General fund 18,318 7,050 25,368 TOTAL FUNDS 18,318 7,050 25,368 |
Total funds £ |
|
|---|---|---|
| 18,318 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 43,042 Restricted funds Restricted 105,284 TOTAL FUNDS 148,326 Comparatives for movement in funds Net movement At 1/1/19 in funds £ £ Unrestricted funds General fund 18,180 331 Restricted funds Restricted - (193) TOTAL FUNDS 18,180 138 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 35,353 Restricted funds Restricted 135,495 TOTAL FUNDS 170,848 |
Resources Movement expended in funds £ £ (35,992) 7,050 (105,284) - (141,276) 7,050 Transfers between At funds 31/12/19 £ £ (193) 18,318 193 - - 18,318 Resources Movement expended in funds £ £ (35,022) 331 (135,688) (193) (170,710) 138 |
|---|---|
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PEACE CHILD INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2020.
13. POST BALANCE SHEET EVENTS
The outbreak of coronavirus, also known as Covid 19 has spread across the globe and is impacting worldwide economic activity. Conditions surrounding the coronavirus continue to rapidly evolve and in early 2020, government authorities implemented emergency measures to mitigate the spread of the virus. The Charity has taken advantage of UK governments employment financial grants.The outbreak and the related mitigation measures may have an adverse impact on the global economic conditions as well as on the Charitiy's activities. The extent to which the coronavirus may impact the Charity's business will depend on future developments. These events are uncertain and as such, the Charity cannot determine their financial impact at this time.
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