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2023-12-31-accounts

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

PEACE CHILD INTERNATIONAL

(A COMPANY LIMITED BY GUARANTEE)

PEACE CHILD INTERNATIONAL

CONTENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

PAGE
Company Information 3
Report of the Trustees 4
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 11

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PEACE CHILD INTERNATIONAL

INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

TRUSTEES

D R Woollcombe R Simonds V B Tailor M W Woollcombe A L Landman N Kurzon

COMPANY SECRETARY REGISTERED OFFICE

R Simonds Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP

REGISTERED COMPANY NUMBER 04472212 (England and Wales) REGISTERED CHARITY NUMBER 1095189 INDEPENDENT EXAMINER Tayabali & White Chartered Accountants 5 High Green Great Shelford Cambridge CB22 5EG

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PEACE CHILD INTERNATIONAL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023. 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

Peace Child's Mission is to empower young people to achieve their full potential. Helping them gain the skills and confidence they need to bring about social, economic and environmental change.

Peace Child's Vision is a future where young people play an equal role in society, able to claim their rights and take action on issues affecting their future.

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

Peace Child continued to promote 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. We do this through highly innovative and dynamic training, mentoring and global education programmes which have been designed to be scalable across the world.

Peace Child's programmes have been developed in close partnership with young people themselves, and this is what makes them so effective. Peace Child's programmes have been designed to empower young people to take control of their lives and their future. Our theory of change requires that young people first inform themselves in detail about the challenges they face, then take action to resolve them. In 2023 Peace Child focused on three core programmes:

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PEACE CHILD INTERNATIONAL

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Financial position

Total incoming resources for the year amounted to £39,829 (2022: £155,367). As at 31st December 2023, total funds amounted to £16,921 (2022: £16,782).

Reserve policy

The Trustees have examined the requirements for 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 organisation, it is prudent to maintain a level of general funds sufficient to:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Induction and training of new trustees

The Charity has a policy and procedure for induction and training of Trustees. New trustees are inducted primarily by reference to the Charity Commission welcome pack which focuses on the main duties and responsibilities of the role. This provides essential information to help new trustees and includes topics such as governance

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PEACE CHILD INTERNATIONAL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

basics and filing requirements, this may supplemented with specific training depending on the Trustees role.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

ACKNOWLEDGEMENTS

The Trustees are grateful to all those who have contributed in any way to the achievement of this years’ results.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 29 October 2024 and signed on its behalf by:

David Woollcombe - Trustee

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PEACE CHILD INTERNATIONAL

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

I report on the accounts of Peace Child International for the year ended 31 December 2023.

Respective responsibilities of trustees and examiner

The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this period under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under charity law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 43 of the 1993 Act;

Follow the procedures laid down in the general directions given by the Charities Commission (under section 43(7)(b) of the Act, as amended);

and state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to our attention:

........................................ Dated: 31/10/2024

S R F White For and on behalf of Tayabali & White Chartered Accountants 5 High Green Great Shelford Cambridge CB22 5EG

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PEACE CHILD INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income and Endowments from
Donations and legacies
Charitable activies
AZUL WASI
BTCA
WTC (UK)
Sustainability
Raleigh
Eirwen
Investment income
Total Incoming Resources
Expenditure on
Raising funds
Charitable activities
AZUL WASI
BTCA
WTC (UK)
Sustainability
Raleigh
Total Incoming Expended
Net Income / Expenditure
Reconcilation of funds
Total funds brought forward
Total funds carried forward		 2023
2022
Unrestricted RestrictedTotal funds
Total funds
fund
fund
£
£
£
£
6,745
6,745
30,394
5,963
5,963
2,744
15,548
15,548
95,704
5,947
5,947
6,013
3,963
3,963
4,201
-
16,283
1,663
1,663
28
12,708
27,121
39,829
155,367
10,046
10,046
35,244
4,617
4,617
2,751
21,139
21,139
95,704
3,888
3,888
6,013
4,201
16,283
14,663
25,027
39,690
160,196
(1,955)
2,094
139
(4,829)
16,782
-
16,782
21,611
14,827
2,094
16,921
16,782

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PEACE CHILD INTERNATIONAL

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
2023 2022
Total funds Total fund
£ £
Current Assets
Debtors 313 4,213
Cash at bank and in hand 20,878 43,474
21,191 47,687
Creditors
Amounts falling due within one year (4,270) (30,905)
Net Current Assets 16,921 16,782
Total Assets less current liabilities 16,921 16,782
Net Assets 16,921 16,782
Funds
Restricted funds 2,094 -
Unrestricted funds 14,827 16,782
Total funds 16,921 16,782
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31[st] December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31[st] December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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PEACE CHILD INTERNATIONAL

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorized by for issue on 29 October 2024 and signed on its behalf by:

D R Woollcombe – Trustee

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PEACE CHILD INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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

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 Ire land' 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.

T axation

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 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.

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PEACE CHILD INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 n 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 consequences of recognised income by recognising a work-inprogress asset, or a provision may be made in order to recognise the expenditure

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

Donations
Gift aid		 2023
2022
£
£
5,885
27,806
860
2,588
6,745
30,394
MENT INCOME
2023
2022
£
£
Deposit account interest
-
28
G FUNDS
Raising donations, legacies and securing further project income
2023
2022
£
£
Staff costs
-
24,495
Management and administration
9,532
6,055
Fundraising consultancy
-
4,111
Travel and subsistence
-
583
9,532
35,244

4. INVESTMENT INCOME

5. RAISING FUNDS

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

PEACE CHILD INTERNATIONAL

4. INVESTMENT INCOME

MENT INCOME
2023 2022
£ £
Deposit account interest - 28
FUNDS
Raising donations, legacies and securing further project income
2023 2022
£ £
Staff costs - 24,495
Management and administration 10,046 6,055
Fundraising consultancy - 4,111
Travel and subsistence - 583
10,046 35,244

5. RAISING FUNDS

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.

Trustees' expenses

Trustees' expenses paid for the year ended 31 December 2023 totalled £nil (2022: £102). Expenses were incurred by all trustees of the charity in the year for expenditure on raising funds (2022: all trustees for expenditure on raising funds).

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PEACE CHILD INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Full time equivalents
No employees received emoluments in excess of £60,000		 2023
2022
£
£
-
24,495
-
24,495
2023
2022
-
1

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
VAT
Prepayment and accrued income		 2023
2022
£
£
-
3,612
-
288
313
313
313
4,213

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PEACE CHILD INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
MENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 2023
£
-
408
1,325
2,537
4,270
At 1/1/2023
Net
movement
in funds
£
£
16,782
( 1,955)
-
2,094		 2022
£
2,848
721
1,325
26,011
30,905

At
31/12/2023
£
14,827
2,094
16,782
139		 16,921
Incoming
resources
Resources
expended
£
£
12,708
( 14,663)
27,121
( 25,027)
Movement
in funds
£
( 1,955)
2,094
39,829
( 39,690)		 139

10. MOVEMENT IN FUNDS

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PEACE CHILD INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

10. MOVEMENT IN FUNDS

Comparatives for movement in funds

Unrestricted funds
General fund
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At 1/1/2022
Net
movement
in funds
At 31/12/2022
£
£
£
21,611
(4,829)
16,782
21,611
(4,829)
16,782
Incoming
resources
Resources
expended
Movement in
funds
£
£
£
49,449
(54,278)
(4,829)
105,918
(105,918)
-
155,367
(160,196)
(4,829)

11. RELATD PARTY DISCLOSURES

There were no related party transactions for the yeaer ended 31st December 2023.

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