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2022-08-31-accounts

REGISTERED COMPANY NUMBER: 06339788 (England and Wales) REGISTERED CHARITY NUMBER: 1122834

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2022

for

SPIRIT OF PEACE

Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX

SPIRIT OF PEACE

Contents of the Financial Statements for the Year Ended 31 August 2022

Page
Report of the Trustees 1 to 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14 to 19
Detailed Statement of Financial Activities 20

SPIRIT OF PEACE

Report of the Trustees

for the Year Ended 31 August 2022

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 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects for which the Company is established are:

(a) To advance the education of the public in the theory and practice of peace-making and reconciliation

(b) The promotion of equality and diversity for the public benefit

Page 1

SPIRIT OF PEACE

Report of the Trustees for the Year Ended 31 August 2022

OBJECTIVES AND ACTIVITIES Significant activities Significant activities - UK

The work of Spirit of Peace in the UK was carried out under the following programmes:

1. Flourishing.Global

There is an urgent need for citizen action to combat biodiversity loss and climate change. Many concerned citizens are ready to take action, and need education, community-building and connection with projects to empower them to do so. Flourishing.Global addresses this need.

Following recent major upgrades to the main Sprit of Peace website and the Arts at the Intersection website, the Flourishing.Global website was launched at the end of May 2022. This was achieved through the help of a volunteer UX designer. It is envisaged as a hub for people and communities who wish to contribute to Human and Earth flourishing. We aim to offer inspiration, information, expert input and connection, which can lead to effective action towards a world where all can flourish. Through this, we encourage people in "Living for the Whole", as underlying our work is a heartful connection with our planet and each other. A volunteer has created a graphic for the Flourishing Process, which was created by the CEO and which will serve as a vehicle for this work. A young volunteer joined us as part of her Duke of Edinburgh Award and started to contribute to a new database listing relevant contacts and partners who we can potentially partner with to share useful information and develop live workshops. Planning was begun for live events in 2022-23.

2. Friends for Peace and Global Flourishing

Spirit of Peace is pleased to continue this series of events and educational videos based on nearly two decades of working together towards a world of peace and flourishing for all, with partners in the UK and abroad. Initially by Zoom, we will host interactive talks and workshops. Even as the world faces multiple crises and increasing polarisation, there is a growing awareness of the interconnected nature of life on Planet Earth. These events will allow us to connect or reconnect with our renowned peace partners and speakers, connect with like-minded people who are committed to working together for the flourishing of the Earth and our planet and for the common good, and learn from each other's work and experience.

Planning continued for this series, with discussions underway to bring in some of our Middle Eastern Peace Partners. Planning was also undertaken for a Zoom panel with some of the Chegg Award nominees.

3. Oxford Three Faiths Encounter

Oxford Three Faiths Encounter grew out of many years of work with the Ammerdown Conference Centre, which held biennial summer residential Encounters between the three Abrahamic Faiths, i.e., Jews, Christians and Muslims. The Oxford Three Faiths Encounter brings together faith leaders, both ordained and lay, to learn more about each other's faiths, build understanding, and tackle important and urgent issues facing humanity. Spirit of Peace is a founding partner of Oxford Three Faiths Encounter.

The Oxford Three Faiths Encounter kept an active programme of virtual and hybrid events.

Monday 29th November 2021: Zoom Event - Beacons of Light

This event, with contributions from the OTF team, was well attended.

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SPIRIT OF PEACE

Report of the Trustees for the Year Ended 31 August 2022

OBJECTIVES AND ACTIVITIES

24th-27th March 2022: Climate Change, God and Us: From Theology to Action

This was our first hybrid event, taking place in Oxford, which took place against all the odds in a week when Omicron was increasing. There was a variety of excellent speakers on climate change, especially the Climate Change Unit at UCL, represented by Kris de Meyer (there were several requests to hear more from him). Continuing from this event, we may be able to put on evening events using the same speakers. In the closing circle, participants expressed the degree to which they felt bonded, nourished and nurtured by the event, which would empower them to take actions in their daily lives. It reduced the feeling of being lone warriors. Many people still feel this way and it's important to take this insight forward.

Ongoing follow-up sessions are planned in order to maximise the impact of the event, and materials from the conference are being developed into resources on the Oxford Three Faiths Encounter website.

Here we include feedback from the March 2022 conference:

"A great sense of collaboration, the urgency of getting from theology to action, and our adequacy to the task. This was epitomised for me by the presentation by the three "next generation" speakers. What younger people all over and regardless of background are doing for the environment is exceptional and inspiring. I'd like to see Conference papers issued.... The atmosphere was excellent, added immeasurably to the overall experience."

"A line up of top scientists and religious leaders led the thought-provoking sessions, inviting questioning, participation and discussion to enhance personal engagement in the issues. I was impressed by the fact that given the faith context of the conference, issues of religious belief never undermined the integrity of scientific research."

4. Community Cohesion

At the core of our work is a commitment to building community cohesion and involving communities in work together for the common good. We bring diverse majority and minority communities together, including multi-ethnic, multi-faith and people who are differently abled, to create understanding and build positive relationships. This programme is delivered through ongoing regular multicultural events and community conversations, as well as catalyst events which stimulate local activity.

We partner with a wide range of organisations and individuals in a number of areas, including Gloucestershire, Oxfordshire, Kent, Sussex and London. The value of this work is indicated by the following participant quotation:

"I am ever so grateful to the spirit of peace that helped restore the dignity of the special needs people by recognising what is the potential living dormant in them for taking an active role in society." - Special Needs Consultant and Worker

5. Arts at the Intersection

Arts at the Intersection (https://artsattheintersection.org/) is a developing partnership which was launched in 2020. Following a variety of online events during the worst phases of Covid and lockdowns, there was something of a hiatus. During this period, there was some re-organisation in the work, and planning for future events took place.

We have received lots of appreciation for this work and then worked on a crowdfunding campaign.In addition, AATI received the generous donation of an original painting which we used to raise funds. This was donated by someone who attended a previous event.

The power of this work is demonstrated by feedback from earlier events:

"Joining the spirit of peace event gives me hope for a good future where people feel a deep commitment to people beyond family, tribe, immediate community, nation etc. the event was profound"

"It was a mixture of restfulness, challenge and thoughtfulness - an oasis in the Covid desert".

6. UK Friends of Hope Flowers School

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SPIRIT OF PEACE

Report of the Trustees for the Year Ended 31 August 2022

OBJECTIVES AND ACTIVITIES

Hope Flowers School has been providing an education for primary school children close to the historic Palestinian town of Bethlehem for over 30 years. The school has built a world-wide reputation for its progressive educational methods - in particular working with children with special educational, social and physical needs - and for its trauma support programme.

The majority of the pupils live in refugee camps (mostly Deheisha Camp) and many of the parents struggle to meet the basic needs of their children. Lockdown in the West Bank has had severe consequences for the Palestinian population where - even before Covid-19 - around 50% of people were living at or below the poverty line (according to UN reports). Unemployment has risen dramatically as a result of the lockdown measures.

Our UK team continued to work with the school and with the International Friends of Hope Flowers. The pandemic and the cutting of US aid to the region continued to cause severe problems but we worked with the US Friends to try and encourage new aid under the Biden administration.

The CEO visited Hope Flowers School in July 2022. Hope Flowers has made huge progress with its facilities for pupils with autism. Heather-Jane created a video with co-director Ibrahim Issa, giving an update on progress and thanking UK supporters.

7. Kingian Nonviolence

This is a well-established area of Spirit of Peace's work, which has been successfully delivered to a diverse range of ages and abilities, including in schools, and with a community of learning-disabled adults, who have been trained as Peace Ambassadors to take an active role.

During the year the trustees met with Dr. Yehoeshafhat Ben Israel (Kingian Trainer), to view and discuss the video interview Elliott Lancaster had carried out earlier in the year. This was an important training moment and enabled the trustees to gain understanding of the Kingian programme. We created two animated videos on Kingian Nonviolence, one to introduce the concept to a wider public, and one for use in approaching schools with the programme.

Here are some quotations from past participants:

"Life changing experience. This course should be compulsory in schools. A great structured system to understand the dynamics of violence and peace. A masterpiece. Thank you so much for giving me this opportunity."

"It brought together people from different political and religious persuasions and none, as well as different ethnic background and positions in the community. It was enriching to gather together in the 'spirit of peace' and understanding to reflect together on the relevance of the Kingian Nonviolence Conflict Reconciliation for our world today in the 21st Century."

8. Pathways for Human Flourishing

Pathways for Human Flourishing is a training programme which has a heart centred approach to creating a culture of peace and human flourishing, applicable to interpersonal, family, community, business and global relationships. The Pathways have been developed drawing on ancient wisdom and contemporary grassroots experience in the UK, as well as from collaboration with Spirit of Peace's partners in The Middle East. The Pathways offer concerned citizens training and skills to build harmonious relationships and transform conflict.

A volunteer graphic designer expanded and upgraded our graphic design for this project, and the .pdf resources have been developed and updated.

OTHER SIGNIFICANT ACTIVITIES

Video Production

We were very pleased to have been able to work with both volunteers and members of our team to produce a series of videos:

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SPIRIT OF PEACE

Report of the Trustees for the Year Ended 31 August 2022

OBJECTIVES AND ACTIVITIES

Our videos now have professional-looking intro and outro stings, created by one of our volunteers.

Product Development

Several new products were developed, to support wellbeing while raising charity funds for project work. The renewed Essence of Peace candle with Sevenoaks Candle Company was announced in September, and the new Earth Essence candle with Pentland Aromatics was announced in December. Arts at the Intersection also created the "Flourish!" calendar, and the "We Flourish Better Together" mug. Members of the team set up a stall at the Coblands Christmas Fair to sell these products, and we upgraded our payment system to include card payments through iZettle. Products remain a small but important part of our funding strategy.

Trustees

The search was ongoing for a Trustee Treasurer, which is a role that would be very useful to Spirit of Peace - someone with a professional accounting background. A previous volunteer has been giving us some interim help with major tasks such as financial reporting for the Oxford Three Faiths Encounter.

Significant activities Middle East

Due to Covid, our activities with our Middle East partners were reduced with no speaking tours arranged. However, the charity kept in touch with them and carried news of them in our newsletters. In July the CEO visited the Middle East, and several of our partners, and planned some future work with the Liwan Culture Café in Nazareth. Liwan brings diverse communities and individuals together through its rich multi-ethnic cultural programme.

Other Middle East Partners

We continued building our connections with our various partners in the Middle East, and are planning future work together, including under our Arts at the Intersection and Friends for Peace and Global Flourishing projects. We publicised events for various partners and people in our wider Middle East network. During this year we finalised and further disseminated our video with Professor Mazin Qumsiyeh from Palestine Institute for Biodiversity and Sustainability.

Volunteers

We continue to be thankful for the generous input of volunteers. We have an effective supporter base, some of whom volunteer on an ad hoc basis and many who make regular contributions. Many of the charity's events are organised through our local contacts and partners, ensuring that the events are relevant and appropriate to the locality. We were fortunate to work with many excellent volunteers during this period, who contributed in various ways: tech advice, website design, logo design, infographic creation, copyediting, and consultation. We have worked with at least 15-20 volunteers during this financial year. We were very pleased to recruit a volunteer to help us with her marketing skills.

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SPIRIT OF PEACE

for the Year Ended 31 August 2022

Report of the Trustees

ACHIEVEMENT AND PERFORMANCE Charitable activities

Spirit of Peace works to create individual and community flourishing and wellbeing through innovative events, sharing skills and encouraging others to work together for the common good. We aim to be "connective tissue" in society, fostering inclusion, stronger communities and harmony, responding in particular to minority and disadvantaged groups.

Achievements:

Despite all the challenges brought about by Covid, the work of the charity and demand for its work grew, and new partnerships developed. This was due to the creativity, skills and dedication of the staff and volunteer teams. Covid did enable some significant rethinking and development of new activities, as can be seen from the report above. The charity was also successful in gaining financial support for its work during this time. Feedback, which is included above, is one of the best indicators of our achievements. Further feedback indicates:

Here is a testament to our work with marginalised and minority groups:

"The Spirit of Peace charity took an integral part in the setting of a course named Peace Ambassadors Training which was designed to meet the needs of both young people and people with special needs working together. Spirit of Peace created opportunities for the people to integrate into a wider circle of people, meeting people from different faiths, different ethnic origins, different traditions, different ages, making new friends and experiencing different outlooks on life. The spirit of peace introduced to the people in the peace ambassadors course many social issues."

General Activities and Personnel

Social Media

We continued using social media to connect with our communities in the wake of Covid-19. With the general growth of online and hybrid events, we will consider continuing this trend in the future. Our work involves dealing with complex and interconnected issues in a global society, and maintaining the connections developed through social media is paramount. Our networks are UK-wide as well as global, to continue to engage concerned citizens and galvanise work for the common good. We are now facing the challenge of extending the reach of our educative and skills-based courses in citizenship and nonviolence into digital formats.

As mentioned above, we launched our new website www.flourishing.global and have continued to use social media platforms such as YouTube, Facebook, Instagram, Vimeo, Twitter, and MailChimp.

Funding

During the year the charity had a robust programme of applying for funding. We were encouraged to receive funding from five trusts, despite the difficulties caused by Covid. A small amount of funding was raised through product sales.

Personnel

Chief Executive Officer

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SPIRIT OF PEACE

Report of the Trustees for the Year Ended 31 August 2022

In a small charity such as Spirit of Peace, the CEO has to be actively involved in every area of work, supported by the Trustees and staff. The role includes developing strategic relationships and playing a pivotal role in maintaining, monitoring, developing and delivering Spirit of Peace's work and partnerships in the UK and Middle East. The CEO has continued to carry out a large part of the administrative work of the charity.

In addition, the CEO has:

Administration, project work and development: We are grateful to have two very able members of this team who carry out administrative work and project development. They work closely with the CEO on core administrative tasks, including fundraising, reporting and accounts.

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SPIRIT OF PEACE

Report of the Trustees

for the Year Ended 31 August 2022

FUTURE PLANS

Our future planning still takes into account the ongoing endemic phase of Covid-19. Currently our events in the very near future are planned to be online or hybrid rather than completely in person, with the hope that in 2023 we will be able to hold fully in-person events.

We currently have four Trustees so will be looking to add to our Trustee Board in Year End 2023.

We are considering how to move forward with all our projects, in the light of the current challenging circumstances caused by the pandemic and the financial crisis. We fully expect to be able to continue with all our projects, but are not intending to develop any further projects. We may not work on all projects simultaneously, but will respond to need as it arises in a timely fashion and as further resources become available. This is eminently possible, due to the way in which our projects are constructed. One of our principles is working with "emergence." For Spirit of Peace, this means working closely with partners, responding to needs, listening to both people and circumstances, and fitting our projects to the understanding we have gained from this process. Our work is carefully staged so that we do not take on more than our resources can sustain.

Currently under consideration or active planning are:

Friends for Peace and Global Flourishing

We are planning a first online event bringing together young people in the Middle East to inform our network and supporters about their work, and to offer them support and encouragement. A further event will be planned with some of our long-term partners in the Middle East. This has been particularly requested by our UK supporters, who were drawn into our work through visits of our peace partners. In turn, this work will support the work of the peace builders, and enable them to disseminate some of their skills.

Spirit of Peace will continue to strengthen its links with other international supporters of Hope Flowers School, Bethlehem, in Europe and North America. We will continue to support the link between Hope Flowers and a UK school. With the rapidly changing situation in Palestine and Israel, we will review with our partners how best to be involved and offer support in the future.

Flourishing.Global

Following the launch of the www.flourishing.global website, we will undertake further development to be able to offer events, resources, and a community online hub.

Kingian Nonviolence

We will be producing some short videos to demonstrate what we can offer and to inform people about the Kingian Nonviolence Training. Using this proven methodology, we are now hoping to reach as many participants as possible with this impactful work, investing in the minds of young people the tools of peaceful resolution of conflict and building harmonious relationships. We are planning a revision workshop for previous participants in Gloucestershire.

Pathways for Human Flourishing

In the year ending August 2023 we plan further development of this programme in terms of printed and online resources.

Arts at the Intersection

With brilliant participant feedback so far, we are now planning to expand and develop this work, particularly bringing people together in person from Winter 2022/3, particularly focusing on interfaith harmony.

Oxford Three Faiths

We are planning further online events, and a day in Oxford to reflect on the past and envision the future, with previous participants as well as partners in Oxford. Based on the feedback and discussions on this day, future plans will be drawn up.

Social Media

We plan to make full use of the social media platforms we currently have a presence on, and will be advertising for volunteers to help us in this work.

Our international partners have been a catalyst for our UK work, and we are also exploring the possibility of working with them to deliver further training in community facilitation and peace building.

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SPIRIT OF PEACE

for the Year Ended 31 August 2022

Report of the Trustees

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.

Recruitment and appointment of new trustees

During the year ended August 2022, the board appointed a new Trustee, and wishes to appoint further trustees, to provide expertise in social media and finance. The board seeks relevant specialist skills with relation to structure and governance, fundraising and expertise in community cohesion, peace and reconciliation work, in seeking new appointees.

Induction and training of new trustees

Our preferred selection process involves potential trustees undertaking some joint work with Spirit of Peace which will help to familiarise them with the values and processes of the charity and enable better understanding and assessment on both sides. We recognise that in some circumstances this may not be practical, in which case selection will be by interview and application form which all potential trustees must complete. The process of selection may also include attendance at a trustees meeting.

After appointment, new trustees will take part in an orientation meeting during which they will be given a copy of the Memorandum and Articles of Association, in addition to other key documents. As part of the induction, new trustees will be informed of their legal obligations under charity and company law. The content of any induction programme will be agreed with the new Trustee to meet their individual needs.

Wider network

Spirit of Peace operates within a wider network of community groups and charities working with similar principles and practices and is continuing to develop ongoing partnerships wherever possible, both in the UK and abroad. Networking and building partnerships are an essential part of our work to build safer, stronger and flourishing communities.

Related parties

Spirit of Peace continues to work in connection with our partners in the Middle East. Our partnerships and collaborations in the UK and Middle East create a broad base and ensure our work is community-led, meeting the needs of local, national and international communities.

Risk management

We are continuing to identify future risks and to develop a contingency plan, relating to staffing, trustees, volunteers and financial risk. We also plan to create further policies regarding conflicts of interest and health and safety. In keeping with our status as a small or micro charity, albeit with a large reach, we are careful not to over-extend ourselves financially and we ensure that we only carry out operations for which finance has been secured. We also keep a financial reserve to cover essential costs. With the development of online events and the charity's greater use of video and social media, as well as online working, one of the identifiable risks would be a major long-term outage of web services. We will consider and take advice on how this risk could be minimised.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06339788 (England and Wales)

Registered Charity number

1122834

Registered office

31 Cheam Road Ewell Epsom Surrey KT17 1QX

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SPIRIT OF PEACE

Report of the Trustees

for the Year Ended 31 August 2022

Trustees

Dr B C Payman Psychotherapist Ms M J Ozanne Chartered Engineer Ms J Golding Volunteer Co-ordinator Ms G Cobb Trustee E A Lancaster Man Director, Utter Rubbish Ltd

Company Secretary

Dr B C Payman

Independent Examiner

Mary E Ryan Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX

Bankers

NatWest Bank plc 67 High Street Sevenoaks Kent TN13 1LA

The Co-operative Bank plc PO Box 101 1 Balloon Street Manchester M60 4EP

Santander Bank plc 301 St Vincent Street Glasgow G2 5NT

Chief Executive

Heather-Jane Ozanne

Approved by order of the board of trustees on 11 May 2023 and signed on its behalf by:

Ms J Golding - Trustee

Page 10

Independent Examiner's Report to the Trustees of SPIRIT OF PEACE

Independent examiner's report to the trustees of SPIRIT OF PEACE ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.

Mary E Ryan

Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX

11 May 2023

Page 11

SPIRIT OF PEACE

Statement of Financial Activities for the Year Ended 31 August 2022

31.8.22 31.8.21
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies (600) 600 - -
Charitable activities
Peacemaking & reconciliation 15,530 17,146 32,676 33,322
Investment income 2 4 - 4 1
Total 14,934 17,746 32,680 33,323
EXPENDITURE ON
Charitable activities
Peacemaking & reconciliation 12,281 29,100 41,381 24,826
NET INCOME/(EXPENDITURE) 2,653 (11,354) (8,701) 8,497
Transfers between funds 9 (9,140) 9,140 - -
Net movement in funds (6,487) (2,214) (8,701) 8,497
RECONCILIATION OF FUNDS
Total funds brought forward 11,996 15,948 27,944 19,447
TOTAL FUNDS CARRIED FORWARD 5,509 13,734 19,243 27,944

The notes form part of these financial statements

Page 12

SPIRIT OF PEACE

Balance Sheet

31 August 2022

31.8.22 31.8.21
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
CURRENT ASSETS
Debtors 6 886 1,035 1,921 1,320
Cash at bank and in hand 14,152 13,328 27,480 28,150
15,038 14,363 29,401 29,470
CREDITORS
Amounts falling due within one year 7 (9,529) (629) (10,158) (1,526)
NET CURRENT ASSETS 5,509 13,734 19,243 27,944
TOTAL ASSETS LESS CURRENT
LIABILITIES 5,509 13,734 19,243 27,944
NET ASSETS 5,509 13,734 19,243 27,944
FUNDS 9
Unrestricted funds 5,509 11,996
Restricted funds 13,734 15,948
TOTAL FUNDS 19,243 27,944

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 authorised for issue on 11 May 2023 and were signed on its behalf by:

J Golding - Trustee

The notes form part of these financial statements

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SPIRIT OF PEACE

Notes to the Financial Statements for the Year Ended 31 August 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

INVESTMENT INCOME
31.8.22 31.8.21
£ £
Interest on tax refunds 4 1

continued...

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SPIRIT OF PEACE

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

5.

No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Peacemaking & reconciliation
5,421
Investment income
1
Total
5,422
EXPENDITURE ON
Charitable activities
Peacemaking & reconciliation
5,218
NET INCOME
204
Transfers between funds
(1,257)
Net movement in funds
(1,053)
RECONCILIATION OF FUNDS
Total funds brought forward
13,049
TOTAL FUNDS CARRIED FORWARD
11,996		 31.8.22
Restricted
funds
£
27,901
-
27,901
19,608
8,293
1,257
9,550
6,398
15,948		 31.8.21
Total
funds
£
33,322
1
33,323
24,826
8,497
-
8,497
19,447
27,944		 31.8.21
Total
funds
£
33,322
1
33,323
24,826
8,497
-
8,497
19,447
27,944
33,323
24,826
8,497
-
8,497
19,447
27,944

Page 15

continued...

SPIRIT OF PEACE

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£ £
Other debtors 1,921 1,320
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£ £
Other loans (see note 8) 8,889 873
Other creditors 629 -
Accrued expenses 640 653
10,158 1,526

The chief executive officer has personally incurred costs for travel and accommodation for overseas speakers and other running costs of the charity. The balance of unreimbursed expenses at 31.8.22

was £8,889 (31.8.21 £873). This is considered to be an interest free loan with no set repayment terms and is included in short-term creditors.

8. LOANS

An analysis of the maturity of loans is given below:

9.

31.8.22 31.8.21
£ £
Amounts falling due within one year on demand:
Other loans 8,889 873
MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.9.21 in funds funds 31.8.22
£ £ £ £
Unrestricted funds
General fund 11,996 2,976 (9,463) 5,509
Candles - (323) 323 -
11,996 2,653 (9,140) 5,509
Restricted funds
Jerusalem Peacemakers 337 - - 337
Hope Flowers 12,611 (14,284) 7,330 5,657
Oxford Three Faiths - (1,570) 1,810 240
Southall Trust 3,000 (450) - 2,550
Awards for all - 4,600 - 4,600
Marsh Charitable Trust - 350 - 350
15,948 (11,354) 9,140 13,734
TOTAL FUNDS 27,944 (8,701) - 19,243

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continued...

SPIRIT OF PEACE

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 14,729 (11,753) 2,976
Candles 205 (528) (323)
14,934 (12,281) 2,653
Restricted funds
Hope Flowers 5,291 (19,575) (14,284)
Oxford Three Faiths 6,755 (8,325) (1,570)
Southall Trust - (450) (450)
Awards for all 4,600 - 4,600
Marsh Charitable Trust 500 (150) 350
Blakemore 100 (100) -
Magic Little Grants 500 (500) -
17,746 (29,100) (11,354)
TOTAL FUNDS 32,680 (41,381) (8,701)
Comparatives for movement in funds
Net Transfers
movement between At
At 1.9.20 in funds funds 31.8.21
£ £ £ £
Unrestricted funds
General fund 12,929 204 (1,137) 11,996
Candles 120 - (120) -
13,049 204 (1,257) 11,996
Restricted funds
Jerusalem Peacemakers 337 - - 337
Hope Flowers 2,367 9,051 1,193 12,611
Pathways to Human Flourishing 3,694 (3,694) - -
Online Arts Programme - (64) 64 -
Southall Trust - 3,000 - 3,000
6,398 8,293 1,257 15,948
TOTAL FUNDS 19,447 8,497 - 27,944

continued...

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SPIRIT OF PEACE

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 5,422 (5,218) 204
Restricted funds
Hope Flowers 23,901 (14,850) 9,051
Pathways to Human Flourishing - (3,694) (3,694)
Online Arts Programme 1,000 (1,064) (64)
Southall Trust 3,000 - 3,000
27,901 (19,608) 8,293
TOTAL FUNDS 33,323 (24,826) 8,497

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.9.20 in funds funds 31.8.22
£ £ £ £
Unrestricted funds
General fund 12,929 3,180 (10,600) 5,509
Candles 120 (323) 203 -
13,049 2,857 (10,397) 5,509
Restricted funds
Jerusalem Peacemakers 337 - - 337
Hope Flowers 2,367 (5,233) 8,523 5,657
Pathways to Human Flourishing 3,694 (3,694) - -
Oxford Three Faiths - (1,570) 1,810 240
Online Arts Programme - (64) 64 -
Southall Trust - 2,550 - 2,550
Awards for all - 4,600 - 4,600
Marsh Charitable Trust - 350 - 350
6,398 (3,061) 10,397 13,734
TOTAL FUNDS 19,447 (204) - 19,243

continued...

Page 18

SPIRIT OF PEACE

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 20,151 (16,971) 3,180
Candles 205 (528) (323)
20,356 (17,499) 2,857
Restricted funds
Hope Flowers 29,192 (34,425) (5,233)
Pathways to Human Flourishing - (3,694) (3,694)
Oxford Three Faiths 6,755 (8,325) (1,570)
Online Arts Programme 1,000 (1,064) (64)
Southall Trust 3,000 (450) 2,550
Awards for all 4,600 - 4,600
Marsh Charitable Trust 500 (150) 350
Blakemore 100 (100) -
Magic Little Grants 500 (500) -
45,647 (48,708) (3,061)
TOTAL FUNDS 66,003 (66,207) (204)

10. RELATED PARTY DISCLOSURES

Gift aided donations totalling £540 were received from 2 trustees in the year (2021 £540)

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SPIRIT OF PEACE

Detailed Statement of Financial Activities for the Year Ended 31 August 2022

Detailed Statement of Financial Activities
for the Year Ended 31 August 2022
31.8.22 31.8.21
£ £
INCOME AND ENDOWMENTS
Investment income
Interest on tax refunds 4 1
Charitable activities
Donations 28,294 25,777
Grants 4,382 7,545
32,676 33,322
Total incoming resources 32,680 33,323
EXPENDITURE
Charitable activities
Insurance 513 519
Telephone 718 -
Postage and stationery 561 9
Sub-contractors & facilitation fees 8,068 7,849
Travel & subsistence 5,996 -
Donations 19,500 14,800
35,356 23,177
Support costs
Management
Sundries 2,503 416
Finance
Bank charges 75 50
Information technology
Computer & repairs 2,794 530
Governance costs
Accountancy fees 640 640
Legal fees 13 13
653 653
Total resources expended 41,381 24,826
Net (expenditure)/income (8,701) 8,497

This page does not form part of the statutory financial statements

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