Company Registration Number - 04590842
The Charity Registration Number is :- 1099103
## **THE PEACE ALLIANCE**
## **(A Company Limited by Guarantee)**
Report and Accounts
31 March 2024
## **THE PEACE ALLIANCE**
## **Report and accounts for the year ended 31 March 2024**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||4|
|**Independent Accountant's Report**||6|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||8|
|Statement of Financial Activities - Prior Year statement||8|
|Statement of total recognised gains and losses||0|
|Movements in funds||9|
|Revenue Funds||9|
|Income and Expenditure account||10|
|Summary of funds||0|
|**Balance sheet**||11|
|**Notes to the accounts**||12|
## **THE PEACE ALLIANCE**
Company Registration Number - 04590842
## **Trustees' Annual Report for the year ended 31 March 2024**
The Trustees present their Report and Accounts for the year ended 31 March 2024, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- THE PEACE ALLIANCE.
The charity is also known by its operating name, N/A.
## _**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1099103.
The charity does not operate in any overseas jurisdictions.
## _**Legal structure of the charity**_
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
## **The principal operating address, telephone number, email and web addresses of the charity**
The Dream Centre Tottenham Town Hall, Town Hall Approach London, N15 4RY Telephone
Email Address info@peacealliance.org Web address www.peacealliance.org
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
1
## **THE PEACE ALLIANCE**
Company Registration Number - 04590842
## **Trustees' Annual Report for the year ended 31 March 2024**
## **The Trustees in office on the date the report was approved were:-**
Rev A O Ashaye Ms O Mensah Mr S Kasumu Mr T Jervis (appointed 2 August 2024) Ms J Ohajah (appointed 2 August 2024) Mr A A Andu (appointed 17 September 2024)
## **The following persons served as Trustees during the year ended 31 March 2024 :-**
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
Rev A O Ashaye Ms O Mensah Mr S Kasumu
Mr A R Eastaugh (resigned 1 August 2024)
MS C Eniffer (resigned 1 August 2024)
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The purpose of the charity is to advance the protection an dpreservation of life and property through the reduction of crime and the promotion for the public benefit of community safety, crime prevention, conflick resolution and reconciliation within the community in the London Borough of Haringey. Also to advanse and promote good citizenship in the said location and othe rparts of the United Kingdom or the world a sthe Trustees may see fit from time to time. The charity also promotes goo drace relations and advances the education of the public, particularly (thougth not limited to) young people.
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
The organisation carried out a number of community projects in the year including mentorship for young people, and various research projects.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
2
## **THE PEACE ALLIANCE**
Company Registration Number - 04590842
## **Trustees' Annual Report for the year ended 31 March 2024**
## _**The contribution of volunteers during the year.**_
Volunteers are not only beneficial to charities, some of them rely on volunteers for the delivery of services or for their daily operations. Some volunteers are incidental to the operation of our charitable organisation, while others are fundamental and we would not be able to function without them.
## **Structure, governance and management of the charity**
## _**The methods used to recruit and appoint new charity trustees.**_
Trustees are recruited based on personal recommendations from existing Trustees, and based on those who have a track record serving in the community. The CV's of new Trustees that are recommended are requested and they go through an interview process.
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 March 2024**_
The financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Restricted Revenue Funds
**Total Funds**
**Net income**
Unrestricted Revenue Funds available for
the general purposes of the charity|**2024**
**£**
19,448
5,066
20,464
25,530|**2023**
**£**
4,290|
|---|---|---|
|||6,082
-|
|||6,082|
## _**Financial review of the position at the reporting date, 31 March 2024 .**_
The trustees consider the financial performance by the charity during the year to have been satisfactory. There have been a number of new projects embarked on during the year.
3
## **THE PEACE ALLIANCE**
Company Registration Number - 04590842
## **Trustees' Annual Report for the year ended 31 March 2024**
## _**Availability and adequacy of assets of each of the funds**_
The Board of Trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## _**Principal funding sources in the year and how these support the key objectives of the charity.**_
Duiring the course of the year the Charity received funding from MCPIN Foundation for a Peer Research Project. We also received a £10,000 donations from D G Christian to produce an Equalites Report. The organisatiuon also received other donations including a £5,000 donation from Resurrection Life Church in Birmingham.
## **Details of The Independent Examiner**
Fumi Popoola
Member of Association of Chartered Certified Accountants 36A Goodmayes Road Ilford Essex IG3 9UR
## **Statement of the Directors Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
4
## **THE PEACE ALLIANCE**
Company Registration Number - 04590842
## **Trustees' Annual Report for the year ended 31 March 2024**
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material
- departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 8 to 20. The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102,
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 21 December 2024.
**Rev A O Ashaye** Director and Trustee
5
## **THE PEACE ALLIANCE**
## **Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2024**
I report to the Trustees on my examination of the financial statements of the charitable company on pages 8 to 20 for the year ended 31 March 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 12.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As described on page 4, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Basis of Independent Examiner's Statement and scope of work undertaken**
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
6
## **THE PEACE ALLIANCE**
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
## **Independent Examiner's Statement, Report and Opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Fumi Popoola - Independent Examiner
Association of Chartered Certified Accountants
36A Goodmayes Road Ilford Essex IG3 9UR
This report was signed on 21 December 2024
7
## **THE PEACE ALLIANCE - Statement of Financial Activities for the year ended 31 March 2024**
## _**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2024, as required by the Companies Act 2006)**_
|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**Income & Endowments from:**
Donations & Legacies
A1
5,000
Investments
A4
242
**Total income**
**A**
**5,242**
**Expenditure on:**
Charitable activities
B2
6,258
**Total expenditure**
**B**
**6,258**
**Net income for the year**
**(1,016)**
**Net income after transfers**
**A-B-C**
**(1,016)**
**(1,016)**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
6,082
**Total funds carried forward**
**5,066**
**Net movement in funds**
**SORP**
**Ref**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
68,956
-
**68,956**
48,492
**48,492**
**20,464**
**20,464**
**20,464**
-
**20,464**|**Current year**
**Total Funds**
**2024**
**£**
**73,956**
**242**
**74,198**
**54,750**
**54,750**
**19,448**
**19,448**
**19,448**
**6,082**
**25,530**|**Prior Year**
**Total Funds**
**2023**
**£**
16,899
2|
|---|---|---|---|
||||**16,901**|
||||12,611|
||||**12,611**|
|||||
||||**4,290**|
||||**4,290**|
||||**4,290**
1,792|
||||**6,082**|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
**The notes attached on pages 12 to 20 form an integral part of these accounts.**
8
**THE PEACE ALLIANCE - Statement of Financial Activities for the year ended 31 March 2024**
**The notes attached on pages 12 to 20 form an integral part of these accounts.**
**THE PEACE ALLIANCE - Resources applied in the year ended 31 March 2024 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
**Net resources available to fund charitable activities**|**2024**
**£**
19,448
**19,448**|**2023**
**£**
4,290|
|---|---|---|
|||**4,290**|
**The notes attached on pages 12 to 20 form an integral part of these accounts.**
## **Movements in revenue and capital funds for the year ended 31 March 2024**
## **Revenue accumulated funds**
|**Unrestricted**
**Funds**
**2024**
**£**
Accumulated funds brought forward
6,082
(1,016)
**5,066**
**Closing revenue funds**
**5,066**
**Summary of funds**
**Unrestricted**
**and**
**Designated funds**
**2024**
**£**
Revenue accumulated funds
5,066
Recognised gains and losses before
transfers|**Restricted**
**Funds**
**2024**
**£**
-
20,464
**20,464**
**20,464**
**Restricted**
**Funds**
**2024**
**£**
20,464|**Total**
**Funds**
**2024**
**£**
6,082
19,448
**25,530**
**25,530**
**Total**
**Funds**
**2024**
**£**
**25,530**|**Last year**
**Total Funds**
**2023**
**£**
**1,792**
4,290|
|---|---|---|---|
||||**6,082**|
||||**6,082**|
||||**Last Year**
**Total Funds**
**2023**
**£**
6,082|
**The notes attached on pages 12 to 20 form an integral part of these accounts.**
9
## **THE PEACE ALLIANCE - Statement of Financial Activities for the year ended 31 March 2024**
## **THE PEACE ALLIANCE**
## **Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006**
|**_Income_**
Income from operations
Interest receivable
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
Tax on surplus on ordinary activities
**Retained surplus for the financial year**
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income|**2024**
**£**
73,956
242
**74,198**
**74,198**
53,966
64
720
-
**54,750**
**19,448**
-
**19,448**
**19,448**|**2023**
**£**
16,899
2|
|---|---|---|
|||**16,901**|
|||**16,901**|
|||12,036
95
480
-|
|||**12,611**|
|||**4,290**
-|
|||**4,290**|
|||**4,290**|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
## **The notes attached on pages 12 to 20 form an integral part of these accounts.**
10
## **THE PEACE ALLIANCE - Balance Sheet as at 31 March 2024**
|||**SORP**|||||
|---|---|---|---|---|---|---|
||Note|**Ref**||**2024**||**2023**|
|||||**£**||**£**|
|**Fixed assets**||A|||||
|Tangible assets|8|A2||135||199|
|**Current assets**||B|||||
|Cash at bank and in hand||B4|26,578||6,826||
|**Creditors: amounts falling due within one**|||||||
|**year**|10|C1|(1,183)||(943)||
|**Net current assets**||||25,395||5,883|
|**The total net assets of the charity**||||**25,530**||**6,082**|
|**The total net assets of the charity are funded by the funds**|||**of the charity, as follows:-**||||
|**Restricted funds**|||||||
|Restricted Revenue Funds|16|D2|20,464||-||
|||||20,464||-|
|**Unrestricted Funds**|||||||
|Unrestricted Revenue Funds|16|D3|5,066||6,082||
|||||5,066||6,082|
|**Designated Funds**|||||||
|**Total charity funds**||||**25,530**||**6,082**|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 7.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
## **Rev A O Ashaye**
Trustee
Approved by the board of trustees on 21 December 2024
**The notes attached on pages 12 to 20 form an integral part of these accounts.**
11
## **THE PEACE ALLIANCE**
## **Notes to the Accounts for the year ended 31 March 2024**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Going Concern**
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2024, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
## **Risks and future assumptions**
The charity is a public benefit entity.
## **Accounting for deferred income and income received in advance**
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
12
## **THE PEACE ALLIANCE**
## **Notes to the Accounts for the year ended 31 March 2024**
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## **Allocating costs to activities**
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
**Staffing** - on the basis of time spent in connection with any particular activity.
**Staffing** - on a per capita basis, based on the number of of people employed within any partiular activity.
**Premises related costs** - on the proportion of floor area occupied by a particular activity.
**Non specific support costs** - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures
**Estimation techniques** used in apportioning costs - give details
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6.
13
## **THE PEACE ALLIANCE**
## **Notes to the Accounts for the year ended 31 March 2024**
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Plant and machinery 20 % straight line Motor vehicles 25 % straight line
A regular annual review of the likelihood of asset impairment is undertaken.
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes, and there are no designated funds for the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
## **2[Liability to taxation]**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
14
## **THE PEACE ALLIANCE**
## **Notes to the Accounts for the year ended 31 March 2024**
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
The charity has no financial instruments.
## **5 Net surplus before tax in the financial year**
|**2024**
**£**
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
64|**2023**
**£**
95|
|---|---|
## **6 The contribution of volunteers**
The charity depends on the support of its volunteers, which is much appreciated. The charity had a number of volunteers and supporters that offered their time and skills to the charity. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
## **7 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
## **8 Tangible fixed assets**
|**_Current Year_**
**Cost**
At 1 April 2023
**At 31 March 2024**
**Depreciation**
At 1 April 2023
Charge for the year
**At 31 March 2024**|**Land and**
**Buildings**
£
-|**Plant &**
**Machinery**
£
91,179|**Motor**
**Vehicles**
£
39,276|**Total**
**Total**
£
£
130,455
130,455|
|---|---|---|---|---|
||**-**|**91,179**|**39,276**|**130,455**
**130,455**|
||-
-|90,995
59|39,261
5|130,256
130,256
64
64|
||**-**|**91,054**|**39,266**|**130,320**
**130,320**|
15
## **THE PEACE ALLIANCE**
## **Notes to the Accounts for the year ended 31 March 2024**
## **Net book value**
|**At 31 March 2024**
**At 31 March 2023**
**_Prior Year_**
**Cost**
01 April 2022
**01 April 2023**
**Depreciation**
01 April 2022
Charge for the year
**01 April 2023**
**Net book value**
**01 April 2023**
**01 April 2022**|**-**|**125**|**10**|**135**
**135**|
|---|---|---|---|---|
||||||
||**-**|**184**|**15**|**199**
**199**|
||**Land and**
**Buildings**
£
-|**Plant &**
**Machinery**
£
91,179|**Motor**
**Vehicles**
£
39,276|**Total**
**Total**
£
£
130,455
130,455|
||**-**|**91,179**|**39,276**|**130,455**
**130,455**|
||-
-|90,907
88|39,254
8|130,161
130,161
96
96|
||**-**|**90,995**|**39,262**|**130,257**
**130,257**|
||**-**|**184**|**14**|**198**
**198**|
||||||
||**-**|**272**|**22**|**294**
**294**|
## **10 Creditors: amounts falling due within one year**
||||
|---|---|---|
|**Creditors: amounts falling due within one year**|**2024**|**2023**|
||**£**|**£**|
|Accruals|1,183|943|
## **11 Loans to trustees included in debtors**
There were no loans to Trustees in the year ended 31 March 2024
## **12 Guarantees made by the charity on behalf of trustees**
There were no guarantees made by the charity on behalf of Trustess.
## **13 Income and Expenditure account summary**
|**Income and Expenditure account summary**
**At 1 April 2023**
Surplus after tax for the year
**At 31 March 2024**|**2024**
**£**
6,082
19,448|**2023**
**£**
1,792
4,290|
|---|---|---|
||**25,530**|**6,082**|
16
## **THE PEACE ALLIANCE**
## **Notes to the Accounts for the year ended 31 March 2024**
## **14 No related party transactions**
There were no transactions with related parties in the year.
## **15 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 March 2024**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 April 2023**
Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
135
6,114
(1,183)|**Designated**
**funds**
**£**
-
-|**Restricted**
**funds**
**£**
-
20,464
-|**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
**135**
**135**
**26,578**
**26,578**
**(1,183)**
**(1,183)**|
|---|---|---|---|---|
||**5,066**|**-**|**20,464**|**25,530**
**25,530**|
||**Unrestricted**
**funds**
**£**
199
6,826
(943)|**Designated**
**funds**
**£**
-
-
-|**Restricted**
**funds**
**£**
-
-
-|**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
**199**
**199**
**6,826**
**6,826**
**(943)**
**(943)**|
||**6,082**|**-**|**-**|**6,082**
**6,082**|
## **16 Change in total funds over the year as shown in Note 15 , analysed by individual funds**
|**Funds brought**
**forward from**
**2023**
**£**
**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
6,082
**Total unrestricted and designated f**
**6,082**
**_Restricted funds:-_**
MCPIN Foundation
-
D G Christian
-
**Total restricted funds**
**-**
**Total charity funds**
**6,082**|**Funds brought**
**forward from**
**2023**
**£**
**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
6,082
**Total unrestricted and designated f**
**6,082**
**_Restricted funds:-_**
MCPIN Foundation
-
D G Christian
-
**Total restricted funds**
**-**
**Total charity funds**
**6,082**|**Movement in**
**funds in 2024**
**See Note 17**
**£**
(1,016)|**See Note 0**
**£**
**-**
**Transfers**
**between**
**funds in 2024**|**Funds carried**
**forward to**
**2025**
**£**
**£**
**5,066**
**5,066**
**Funds carried**
**forward to**
**2025**|
|---|---|---|---|---|
|||**(1,016)**|**-**|**5,066**
**5,066**|
||-
-|19,954
510|-
-|**19,954**
**19,954**
**510**
**510**|
||**-**|**20,464**|**-**|**20,464**
**20,464**|
||||||
||**6,082**|**19,448**|**-**|**25,530**
**25,530**|
## **17 Analysis of movements in funds over the year as shown in Note 16**
17
## **THE PEACE ALLIANCE**
## **Notes to the Accounts for the year ended 31 March 2024**
|**Income**
**2024**
**£**
**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
5,242
**_Restricted funds:-_**
MCPIN Foundation
58,956
D G Christian
10,000
**74,198**|**Income**
**2024**
**£**
**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
5,242
**_Restricted funds:-_**
MCPIN Foundation
58,956
D G Christian
10,000
**74,198**|**Expenditure**
**2024**
**£**
(6,258)
(39,002)
(9,490)|**Other**
**Gains &**
**Losses**
**2024**
**£**
-
-
-|**Movement**
**Movement**
**in funds**
**in funds**
**2024**
**2024**
**£**
**£**
**(1,016)**
**(1,016)**
**19,954**
**19,954**
**510**
**510**|
|---|---|---|---|---|
||**74,198**|**(54,750)**|**-**|**19,448**
**19,448**|
Gains and losses are detailed in notes 0,0, 0, 0 and 0
## **18 The purposes for which** _**Unrestricted and designated funds:-**_
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity Unrestricted Revenue Funds legislation, are free from all restrictions on their use.
Unrestricted Revaluation This fund represents the unrestricted surplus arising on the Reserve revaluation of the charity's assets. The purpose of these funds is described under the accounting Designated Revenue Funds policy. The purpose of these funds is described under the accounting Designated Fixed Asset policy 'Accounting for capital grants and fixed asset funds'. Funds
## _**Restricted funds:-**_
The purpose of these funds is described under the accounting Restricted Fixed Asset Funds policy 'Accounting for capital grants and fixed asset funds'.
This fund represents the restricted surplus arising on the Restricted Revaluation revaluation of the charity's assets. Reserve This fund is for the Peer Research Project undertaken by young MCPIN Foundation people in connection with youth violence and youth mental health D G Christian This is a fund to produce an Equalities Report
-
18
## **THE PEACE ALLIANCE**
## **Notes to the Accounts for the year ended 31 March 2024**
## **19 Ultimate controlling party**
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
19
## **THE PEACE ALLIANCE**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
_**This analysis is classsified by conventional nominal descriptions and not by activity.**_
## **20 Donations, Grants and Legacies**
|**20**
**Donations, Grants and Legacies**|||||
|---|---|---|---|---|
|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**Donations and gifts from individuals**
5,000
-
-
-
**5,000**
**Total Donations, Grants and Legacies**
**Total Donations, Grants and**
**Legacies**
**A1**
**5,000**
**21 Investment income**
**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
Bank Interest Receivable
12
Non Bank interest receivable
230
**Total investment income**
**A4**
**242**
**22 Expenditure on charitable activities - Direct spending**
**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**2024**
**£**
-
**Total direct spending**
**B2a**
**-**
Travel and Subsistence - Charitable
Activities
Donations and gifts from individuals
(Include HMRC refunds on gift aided
Resurrection Life Distribution
MCPIN Foundation
D G Christian
**Total donations and gifts from**
**individuals**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
5,000
-
-
-|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
58,956
10,000
-|**Current year**
**Total Funds**
**2024**
**£**
**5,000**
**58,956**
**10,000**
**-**
**73,956**|**Prior Year**
**Total Funds**
**2023**
**£**
-
-
-
16,899|
||**5,000**|**68,956**||**16,899**|
||||||
||||||
||**5,000**|**68,956**|**73,956**
**Current year**
**Total Funds**
**2024**
**£**
**12**
**230**
**242**
**Current year**
**Total Funds**
**2024**
**£**
**15,684**
**15,684**|**16,899**|
||**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
12
230|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-||**Prior Year**
**Total Funds**
**2023**
**£**
2
-|
||**242**|**-**||**2**|
|||**Current year**
**Restricted**
**Funds**
**2024**
**£**
15,684||**Prior Year**
**Total Funds**
**2023**
**£**
**3,611**|
||**-**|**15,684**||**3,611**|
||||||
20
## **THE PEACE ALLIANCE**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
## **23 Expenditure on charitable activities- Grant funding of activities**
|**Current year**
**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2024**
**2024**
**£**
**£**
-
-
**Total grantmaking costs**
**B2c**
**-**
**-**
**24**
**Current year**
**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2024**
**2024**
**£**
**£**
**_Employee costs not included in direct costs_**
138
-
**_Volunteer costs_**
-
340
**_Premises Expenses_**
3,744
-
**_Administrative overheads_**
-
-
432
-
286
-
-
-
**_Professional fees paid to advisors other than the auditor or examiner_**
750
-
-
32,468
-
-
**_Financial costs_**
124
-
64
-
**Support costs before reallocation**
**5,538**
**32,808**
**Total support costs - Current Year**
**5,538**
**32,808**
The basis of allocation of costs between activities is described under accounting policies
Sundry expenses
Depreciation & Amortisation in total for
Other legal and professional
Room Hire
Travel and subsistence - volunteers
Consultancy fees
Liabilty and contents insurance
Subscriptions to periodicals
Training and welfare - staff
**Support costs for charitable activities**
Grants made to individuals
Stationery and printing
Accountancy fees other than
examination or audit fees
Bank charges|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-|**Current year**
**Total Funds**
**2024**
**£**
**-**|**Prior Year**
**Total Funds**
**2023**
**£**|
|---|---|---|---|---|
|||||**3,083**|
||**-**|**-**|**-**|**3,083**|
||||**Current year**
**Total Funds**
**2024**
**£**
**138**
**340**
**3,744**
**-**
**432**
**286**
**-**
**750**
**32,468**
**-**
**124**
**64**|**Prior Year**
**Total Funds**
**2023**
**£**
**-**
**-**
**2,000**
**220**
**-**
**-**
**950**
**-**
**1,950**
**13**
**209**
**95**|
||**5,538**|**32,808**|**38,346**
**38,346**|**5,437**|
||**5,538**|**32,808**||**5,437**|
|||||**-**
**-**
**-**|
21
## **THE PEACE ALLIANCE**
## **Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
All the expenditure in the prior year was unrestricted. _**Administrative overheads**_
The basis of allocation of costs between activities is described under accounting policies
## **25 Other Expenditure - Governance costs**
|**_Current Year_**
Independent Examiner's fees
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
720|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-|**Current year**
**Total Funds**
**2024**
**£**
**720**
**720**|**Prior Year**
**Total Funds**
**2023**
**£**
**480**|
|---|---|---|---|---|
||**720**|**-**||**480**|
All the expenditure in the prior year was unrestricted.
## **26 Total Charitable expenditure**
|**Total Charitable expenditure**|||||
|---|---|---|---|---|
|**_Current Year_**
Total direct spending
**B2a**
Total grantmaking costs
**B2c**
Total support costs
**B2d**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
-
5,538
720|**Current year**
**Restricted**
**Funds**
**2024**
**£**
15,684
-
32,808
-|**Current year**
**Total Funds**
**2024**
**£**
**15,684**
**-**
**38,346**
**720**
**54,750**|**Prior Year**
**Total Funds**
**2023**
**£**
**3,611**
**3,083**
**5,437**
**480**|
||**6,258**|**48,492**||**12,611**|
All the expenditure in the prior year was unrestricted.
|**_Prior Year_**
Total direct spending
**B2a**
Total grantmaking costs
**B2c**
Total support costs
**B2d**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
3,611
3,083
5,437
480|**Prior Year**
**Prior Year**
**Restricted**
**Funds**
**Total Funds**
**2023**
**2023**
**£**
**£**
-
**3,611**
-
**3,083**
-
**5,437**
-
**480**|
|---|---|---|
||**12,611**|**-**
**12,611**|
22