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2021-03-31-accounts

Charity Registration No. 1120555

Company Registration No. 6056965 (England and Wales)

THE PEACE & HOPE TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

THE PEACE & HOPE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr J Allan
Mrs J Cole
Mrs A Cruz Roque
Rev'd N Bennett
Mr A Crawford
Mr S Ind
Mr William Hanks (Chair from
20/12/2020)
Ms L Swanwick
Ms R Gibbins
Charity number 1120555
Company number 6056965
Registered office Little Llanafon Farm
Dorstone
Hereford
Herefordshire
HR3 6AT
Independent examiner Frances Wilde FCCA DChA
Warner Wilde
Chartered Certified Accountants
4 Marigold Drive
Bisley
Surrey
GU24 9SF
Bankers Co-operative Bank Plc
P.O. Box 250
Dell House
Southway
Skelmersdale
WN8 6WT
Solicitors Orme & Slade
NatWest Bank Chambers
The Homend
Ledbury
Herefordshire
HR8 1AB

THE PEACE & HOPE TRUST

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 15

THE PEACE & HOPE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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

The objects of the Peace and Hope Trust are the relief of poverty and sickness, the advancement of education and to further such charitable objects as the trustees in their absolute discretion think fit anywhere in the world, particularly in developing countries including Nicaragua. In practice this manifests as a focus on education and health.

The trustees have paid due regard to guidance on public benefit issued by the Charity Commission in deciding what activities the charity should undertake.

The Trust was established with objects that are for the public benefit. The trustees recognise their responsibility for the continued monitoring of the public benefit of the Charity’s activities and for the safeguarding of vulnerable people wherever it operates.

Achievements and performance

The Charity works through teams of British volunteers together with a small number of paid staff in Nicaragua, through a local NGO “Centro Cosecha”. It pays a small number of UK and Nicaraguan part-time workers and contractors when volunteers cannot be recruited. The Trust rents a shop selling donated goods in the UK, and is loaned warehouse space to hold goods awaiting sale or for despatch to Nicaragua. It owns a small plot of land in Managua. It does not pay professional fund-raisers.

Having decided some years ago that its mission house “Casa Mary Jane” in Managua was under-utilised, the house was sold in January 2020 for $110,000 to a US-based mission charity “Bridge to Grace”. The Trustees plan to use the funds to pursue the Trust’s objectives in coming years.

The Trust had been sending aid containers of donated medical and educational supplies and equipment to Nicaragua but was unable to do so for the last 2 years. We have sent donated hospital goods to the Philippines, as part of a project led by Gorsley Baptist Church.

The Trust again purchased new school uniforms and materials for some 300 children around Bluefields. Similar work on Ometepe is supported by the Trust, focussed on helping an expanding group of schools around Urbaite. We also continued to support a number of children's feeding programmes, art and craft initiatives, vocational training, support for churches, and a programme in Granada to rescue vulnerable girls from sexual abuse. This programme is still looking for wider sponsorship to stabilise its over-stretched operations.

We have a sound relationship with Nicaragua’s Ministry of Education, the Ministry of Health and with the local Alcaldia (City Council) in Bluefields to identify future projects and to ensure that our work is aligned closely to real local needs. We are gratified and humbled by the local community support which our activities generate. Our volunteers continue to find new ways of raising funds in the UK to help our work.

THE PEACE & HOPE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Flnancial revlew During the year the Charity had incoming resour¢8s of £203.541 {2020: £130.427}. At th& end of th8 year thg Charity had unrestricted reserves of £195,498 {2020: £96,011). The Trust has been able to adapt lo Circumstances around the Coronavirus and maintains several projects in Nicaragua. It re￿iVed grant payments from the UK govemment in respect of temporary enforced dosures of ils charity shop. which offset some of the impact of the loss of fund-raising activities. The tTUStees are monitoring Carefully the finances of the Charity and believè that at present they are satisfactory, as the operations of the charity do not require substantial reserves. 11 is therefore their policy to keep a minimum amount in reserves, sufficient to maintain fixed assets and meet current obligations as well as emergency contingencies. The Charity is dependent upon the regular ongoing support of its donors for the conlirsuation of ils work. The trustees have assessed the major risks to which the charity is exposed. and are satisfiad thal systems aro in place to mitigate exposure to the major risks. Structure, govarnance and management In leg81 temis the charity is a company limited by guarantee and is a UK registered charity. The Iruslees, who are also the directors for the purpose of company law. and who served during the year and up lo the date of signature of the financial statements were= Mr J Allan Mrs J Cole Mr W Gladstone Mr S Goulding Mrs A Cruz Roque Rev'd N Bennett MrA Crawford Mrslnd Mr William Hanks {Chair from 20112120201 Ms L Swanwick Ms R Gibbins (Resigned 10 December 2020) (Resigned 10 November 20201 The Iru51ees ar8 appointed having regard lo tha specific skills required for the g0Veman￿ of the Ch8rity- Given the size of the Challty, the trustees consider that they have a suitsble range of experien￿ for the g0Veman￿ of the Charity- The majority of the trustees have been involved with the activities of the Charity for some years and are familiar with the history and operation of the Charity- New trustees have an appropriate induction programme. but are also likely to be familiar with the work of the Charity befor8 b8￿MIng trustees. The Rev'd N Bennett has not attended any meetings since 1 April 2021. Day lo day decisions are entfusted to the Chief Executive and a small team of volunteer managers - lo cover, for example, the staffing of the Charity's shop in Ross-on-wye. All strategic Tnatters are referred to the full board of trustees who meet formally four limes a year. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up. The Iruslees, report was approved by the Board of Tnjstees. Mrslnd Mr William Hanks (Chair from 20112120201 Trustee Dated.. ..21 Trustee Dated.. ....

THE PEACE & HOPE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PEACE & HOPE TRUST I report to the trustses on my èxamin81ion of thè Itnandal statements of The Peace & Hope Tru81 {Ih¢ charttyl forthè year ended 31 March 2021. R•sponslbllltles and ba81• of report As the trustees of Ihe chaifty {and also Its dlrectors for the purposes of company lawl you are responsible for the preparation of Ihe financ4al ststements in attordance with the tequiremenls of the Companigs A¢1 2006 (the 2006 Act). Having sali8fied rnY8e￿ that the financial statements of the tharity are not requlred to b8 audlted undèr Part 16 of the 2006Act and are 81igible for ind¢pendenl examination, I report in r8SP8Ct of my examinatton of th# charity's financial stat&ments carri&d out under secbon 145 01 the Charfues Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions gNen by the Charity Commi85ion under section 14515llbl of the 2011 Act. An examlnatlon Indudes a ievlew of the accounting records kept by the charfty and a comparfson of the accounts presented vhth those records. It also indudes conshleration of any unusual items or disclosures in the accounts, and Seeking explanations from the trustees conceming any 8uch matters. Tho pl0￿ur&S ndèrtakan do not provlda all tha èvldancè that would be requlred In an audlt. and consequently no opinion is given as to whether the accounts preS￿t a Irue and falr. view and the report is limitsd to those matteTB Set out in the statement below. Independent examlnerfs Statement I have completed my examination. l ojnfirn that no matters have come to my attention In Conne￿0￿ wjth the examination giving me cau80 lo believe that In any material re$pè¢t'. accounting Tecords were not kept in iespect of the chafty a8 requiied by Section 386 of the 2006 Ad., the finanrAal ststsments do not accord with Ih05e records., or the financAal statements do not comp￿ ¥￿th the accounting ￿qUIrementS of section 398 of the 2C116 Act othei than any requirement that the accx•unts gwe a true and fair wew which is not a matter considered as part of an independent examination,. or the )Inanc4al slalernents have not been prepared in accordance with the mefhods and principles of the stalèmerrt of Recommendgd Practice for a¢counling and rgporting by ¢harilie$ appli¢ablp to Char￿#$ prepartng thelr accounts In accordance wrfh the Flnanclal Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 1￿21. I have no concems and have come across no othèr mattors In connecllon wth the examlnatlon to whlch attention 8hould be drawn in th18 report in order to enable a proper understanding of the financial stalements to bè rèachèd. Francos Wilde FCCA DChA Wamerwlde Chartered CerllfiedAccountsnls 4 Marlgold Drfve Bislèy Surrgy GU24 9SF Dated.. IoiL

THE PEACE & HOPE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income and endowments from:
Donations and legacies
3
111,272
22,146
Other trading activities
4
280
-
Investments
5
473
-
Other income
6
69,370
-
Total income
181,395
22,146
Expenditure on:
Raising funds
7
-
-
Charitable activities
8
81,908
19,851
Total resources
expended
81,908
19,851
Gross transfers
between funds
-
-
Net income/(expenditure)
for the year/
Net movement in funds
99,487
2,295
Fund balances at 1
April 2020
96,011
9,911
Fund balances at 31
March 2021
195,498
12,206		 TotalUnrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
133,418
110,956
12,115
280
6,750
-
473
606
-
69,370
-
-
203,541
118,312
12,115
-
205
-
101,759
154,914
13,050
101,759
155,119
13,050
-
1,815
(1,815)
101,782
(34,992)
(2,750)
105,922
131,003
12,661
207,704
96,011
9,911		 Total
2020
£
123,071
6,750
606
-
130,427
205
167,964
168,169
-
(37,742)
143,664
105,922

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE PEACE & HOPE TRUST BALANCE SHEET ASAT31 MARCH 2021 2021 2020 Notes Flx•d assets Tangible assets Current assets Debtors Cash at bank and in hand 12 7,675 11,094 13 4,288 196,899 622 95.326 201,187 95,948 Creditors: amounts falling due viithin one yaar 14 11,1581 11.1201 Net current assets 200,029 94.828 Total assets less Current Ilabilltles 207.704 105,922 Income funds Restricted funds Unrestricted funds 15 12,206 195,498 9,911 96,011 207,704 105,922 The company is enliued to tho exemption from the audit roquirement contained in sectbon 477 of the Companies Act 2008. for the year ended 31 M8r¢h 2021. The trustees acknowledge their responsibilities for ensuring that the charity keeps acwunting records which comply with section 386 of the Act and for preparing finan￿al ststements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incorning resources and application of resources, induding its incorne and expenditure. for the financial year in accordance with the requirements of sections 394 and 395 and which otheTrwse comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the company. The members have not required the company to obtain an audlt of Its financial statements for the year in question In accordance with secuon 476. These financial slalemenls have been prepared in accordan￿ with the provisions applitxbl& to wmpanies subject to the small companies regime. The financial statements were approved by the Trustees Mrs Ind Tw$tse illiam Hanks {Chair from 2011212020} Trustee Company Reglstration No. 6056965

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

The Peace & Hope Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Little Llanafon Farm, Dorstone, Hereford, Herefordshire, HR3 6AT.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land Not depreciated Computer and office equipment 33.33% straight line Motor vehicles 25.00% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at recoverable amount.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price and are subsequently carried at payable amount.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amo unt payable.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The Company is a registered charity and is not subject to Income Tax on its current activities.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Donations and gifts
91,841
22,146
Grants
19,431
-
111,272
22,146		 TotalUnrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
113,987
110,956
12,115
19,431
-
-
133,418
110,956
12,115		 Total
2020
£
123,071
-
123,071

Donated goods and services

Donated services are in respect of time spent working as a dentist in Nicaragua.

4 Other trading activities

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Fundraising events 280 6,750
5 Investments
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Interest receivable 473 606
6 Other income
Unrestricted Total
funds
2021 2020
£ £
Net gain on disposal of tangible fixed assets 69,370 -

The Trust sold its mission house Casa Mary Jane in Managua to a mission church "Bridge to Grace Church", who plan to use it more fully.

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

6
7
8		 Other income
(Continued)
Raising funds
TotalUnrestricted
funds
2021
2020
£
£
Fundraising and publicity
Other fundraising costs
-
205
-
205
Charitable activities
Project
activities
Project
activities
2021
2020
£
£
Staff costs
595
1,827
Depreciation and impairment
3,419
5,766
Project costs
93,707
146,030
Logistical support
-
6,983
Office
2,878
6,238
100,599
166,844
Share of governance costs (see note 9)
1,160
1,120
101,759
167,964
Analysis by fund
Unrestricted funds
81,908
154,914
Restricted funds
19,851
13,050
101,759
167,964

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

9 Support costs

Support
costs
Governance
costs
£
£
Independent Examiner's
fees
-
1,160
-
1,160
Analysed between
Charitable activities
-
1,160		 2021
Support
costs
Governance
costs
£
£
£
1,160
-
1,120
1,160
-
1,120
1,160
-
1,120		 2020
£
1,120
1,120
1,120

Governance costs includes accrued costs to the Independent Examiner of £ 1,160 (2020- £ 1,120 ) for Independent Examination fees including VAT .

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, and none (2020: None) received reimbursed e xpenses (2020- £ Nil ).

11 Employees

Number of employees

The average monthly number of employees during the year was:

2021 2020
Number Number
Administration 1 1
Employment costs 2021 2020
£ £
Wages and salaries 595 1,827

There was one part-time employee in the United Kingdom during the year (2020:1). Their time amounted to 0.1 (2020: 0.1 FTE).

There were no employees whose annual remuneration was £60,000 or more.

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

12 Tangible fixed assets

Cost
At 1 April 2020
At 31 March 2021
Depreciation and impairment
At 1 April 2020
Depreciation charged in the year
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020		 Land Computer and
office
equipment
Motor
£
£
46,231
15,884
46,231
15,884
38,556
15,884
-
-
38,556
15,884
7,675
-
7,675
-		 vehicles
£
23,064
23,064
19,645
3,419
23,064
-
3,419		 Total
£
85,179
85,179
74,085
3,419
77,504
7,675
11,094

Land represents land and property held in Nicaragua. It is stated at cost less impairment.

The charity built a house “Casa Mary Jane” in Managua, in 2006. Due to ongoing political and economic volatility the cost of the house has been fully impaired in previous financial statements. The property, which had been for sale for 4 years, without serious interest, sold in February 2021 and the proceeds net of sale costs are included within 'other income'.

13 Debtors

Amounts falling due within one year:
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Accruals and deferred income		 2021
£
3,675
613
4,288
2021
£
1,158		 2020
£
-
622
622
2020
£
1,120

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Balance at
1 April 2019 resources expended 1 April 2020 resources expended
31		 March 2021
£ £ £ £ £ £ £ £
Moringa Project 2,551 - - (1,815) 736 - - 736
Mary Anne Vocational Centre 2,587 1,870 (2,990) - 1,467 1,890 - 3,357
Mother & Child Development Centre 277 275 - - 552 760 - 1,312
Carolyn Gibbs 109 9,970 (10,060) - 19 8,913 (9,115) (183)
Warehouse project 7,137 - - - 7,137 - - 7,137
Tim Sharpe - - - - - 583 (8,862) (8,279)
ECHO - - - - - 10,000 (1,874) 8,126
12,661 12,115 (13,050) (1,815) 9,911 22,146 (19,851) 12,206

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

15 Restricted funds

(Continued)

Moringa project - A project to develop Moringa, the 'Miracle Tree', and to seek ways of realising its potential for the benefit of needy communities. Additional expenses from 2017 have been identified, which were originally treated as "unrestricted" expenditure. This has been corrected through a transfer as a non material adjustment.

Mary Anne Vocational Centre - The Charity continues to support tutors at the Mary Anne Vocational Centre, built in memory of a former team member, through the application of regular donations. The centre provides free tuition in a range of subjects.

Other Mission Support - Specific gifts for particular aspects of mission outreach are passed on in accordance with the wishes of the donors.

Mother and Toddler groups - In 2017, three groups were inaugurated in the poorest districts of Bluefields, Nicaragua, with the help of the Trust. The plan is that these group are led and controlled by the mothers themselves and are self-sustaining. Over time only one group (at Santa Rosa) has flourished. The Trust shall continue to monitor their on-going progress, effectiveness and sustainability and if found to be successful, shall assist in the set-up of additional groups in the future. Warehouse Project - to buy land for building a storage warehouse

School Building Project - to build a school in Las Brenas

ECHO - The ECHO grant was provided to pay for shipping of containers to Nicaragua and, by subsequent amendment, to the Philippines also.

THE PEACE & HOPE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

16
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2021
2021
£
£
Fund balances at 31
March 2021 are
represented by:
Tangible assets
7,675
-
Current assets/
(liabilities)
185,949
14,080
193,624
14,080		 TotalUnrestricted
funds
Restricted
funds
2021
2020
2020
£
£
£
7,675
11,094
-
200,029
84,917
9,911
207,704
96,011
9,911		 Total
2020
£
11,094
94,828
105,922

17 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).