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 2024
for
SPIRIT OF PEACE
Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW
SPIRIT OF PEACE
Contents of the Financial Statements
for the Year Ended 31 August 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 9 |
| Independent Examiner's Report | 10 | ||
| Statement of Financial Activities | 11 | ||
| Balance Sheet | 12 | to | 13 |
| Notes to the Financial Statements | 14 | to | 18 |
| Detailed Statement of Financial Activities | 19 | to | 20 |
SPIRIT OF PEACE
Report of the Trustees for the Year Ended 31 August 2024
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 2024. 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 2024
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
2) Friends for Peace and Global Flourishing
3) Oxford Three Faiths Encounter
4) Arts at the Intersection 5) UK Friends of Hope Flowers 6) Kingian Nonviolence
7) Pathways for Human Flourishing
1. Flourishing.Global
We continue our work 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. Since then, we have continued to develop the site. It is envisaged as a hub for people and communities who wish to contribute to Human and Earth flourishing. To this end, we have started to furnish the website with resources, including eco-tips, which are small actions that people can take which will make a difference. We are in discussions with web developers to create a local Kent-dedicated section, and a secure hub section whereby people can contact kindred spirits and connect with local projects. We encourage people in "Living for the Whole", as underlying our work is a heartful connection with our planet and each other. We are further developing an interactive graphic for our Flourishing Process. On Saturday 22nd June 2024, we held our first Kent Community Eco Event. For this event, the keynote talk was given by Caroline Halfpenny, of All Growth Matters, who gave an informative talk on rewilding. The programme also included an introduction to Sevenoaks Town Council's green plan and an introduction to Spirit of Peace's Flourishing Process. Everyone who attended the event and filled out an evaluation form committed to taking some action towards rewilding and the event helped us to make progress with plans to carry out community rewilding and planting in the Sevenoaks area. This is now taking place at the Chipstead Lake Cheshire Home. We are building a community of eco-concern, working closely with other community partners and businesses on the rewilding project.
2. Friends for Peace and Global Flourishing
Following our first online Zoom event in this programme, in the wake of events in the Middle East from October 7th, 2023, we carried out interviews with people who work to build bridges in Israel and Palestine. These interviews have been uploaded to our social media.
The next event in the series is in the planning stages. We plan to bring together our established partners for peace, who have a strong UK following, and have been a catalyst for our work, to talk about their work and how to bring about peace and reconciliation in situations of conflict and pain. Their work has influenced Spirit of Peace's work in the UK, including bringing together groups of people who have been in conflict with one another, leading to a reduction in the level of anger, and an openness to "the other."
The response to the first event, both in terms of people's positive reactions and in the furthering of connections and resulting actions, inspires us to continue with this programme.
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SPIRIT OF PEACE
Report of the Trustees for the Year Ended 31 August 2024
OBJECTIVES AND ACTIVITIES
3. Oxford Three Faiths Encounter
Due to the Middle East conflict, our team continued to speak with one another. However, we were unable to hold many public events due to the difficulty in holding conversations in the light of what had happened. On October 23rd, 2023, we were able to host a talk with Dr Ed Kessler, bringing together interfaith groups in Oxford. The event, titled "The Changing Nature of Religion and Belief: Standing at the Crossroads," combined a talk by Dr Kessler with opportunities for networking.
Our team was invited to form a United Religions Initiative Co-operation Circle, and we started to discuss this possibility.
This year, we continued to update the Oxford Three Faiths Encounter website, making it a useful resource for other interfaith groups.
We are in the process of arranging networking events to bring faith leaders and activists together to continue and form collaborative partnerships, which can be stabilising in society.
4. Arts at the Intersection
Arts at the Intersection has been evolving since it was launched in 2020. Following a variety of online events during the worst phases of Covid and lockdowns, we have begun a programme of in-person events, using the arts to bring minority and majority communities together to share cultures and conversation, thereby building stronger social bonds. In 2024, it was decided to change the way Arts at the Intersection functioned by bringing it under the auspices of Spirit of Peace. We therefore disbanded the website and brought the material into the main Spirit of Peace website.
The Tree of Life tour was held in February 2024, addressing through our speaker Sheikh Ghassan Manasra, as well as through intercultural arts, the despair and disharmony caused by the situation in Israel, Palestine and Gaza. This series of events was impactful, enabling some people to re-engage after a period of despair and despondency. The London and District Provincial Unitarians published the following in their newsletter:
"A powerful call for people in Britain to support Israel-Palestine was made at a special event in Golders Green on 19th February - yet this was a peace plea with a difference. The appeal came from internationally renowned peace-builder Sheikh Ghassan Manasra, visiting from his home in Nazareth. 'Don't choose only one side in this conflict, support both sides,' he urged his audience. 'Both Palestinians and Jews need your love. We need you with us, we need your wisdom, we need your prayers.'"
5. UK Friends of Hope Flowers School
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.
The situation surrounding the school deteriorated in 2023-2024, due to the war in Gaza, and Israeli military operations in the West Bank, including Bethlehem. Children, teachers and the community have become increasingly traumatised, and we are working with the school to develop their trauma healing and child protection programmes. We are seeking funding in a number of different ways, including by raising awareness of the situation, and approaching trust funders.
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SPIRIT OF PEACE
Report of the Trustees for the Year Ended 31 August 2024
OBJECTIVES AND ACTIVITIES
We continued to work with the International Friends of Hope Flowers in the Netherlands, Switzerland and the USA via zoom calls, and began to plan for a UK speaking tour by the Managing Director of Hope Flowers, Mr Ibrahim Issa. We also began to network with a Palestinian Support Group in Kent, which has begun to support Hope Flowers School.
6. Kingian Nonviolence
Due to the extensive development in other projects, we have not developed this programme further in the year end August 2024.
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.
The quotations below demonstrate why this programme will remain an important part of our work moving forwards:
"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."
7. Pathways for Human Flourishing
Further research for this programme took place during the year ending 2024, with social media posts relating to the Pathways being sent out. We also received encouragement to develop this programme from a number of different sources and community groups who have previously experienced some of the learning in the Pathways.
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.
OTHER SIGNIFICANT ACTIVITIES
Trustees
Following advertisements, we interviewed and took on board a new Trustee. The search was also ongoing for a Trustee who could act as Treasurer.
Significant actvities Middle East
Due to the events in Gaza/Israel/Palestine, we put a great deal of our charity resources towards raising awareness of and supporting peacemaking efforts, including holding video interviews with both Palestinians and Israelis, disseminating news from our contacts, raising awareness and funding for peacemaking efforts.
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SPIRIT OF PEACE
Report of the Trustees for the Year Ended 31 August 2024
OBJECTIVES AND ACTIVITIES
Volunteers and community partnerships
We continue to be thankful for the generous input of volunteers and have worked with at least 15-20 volunteers during this financial year. 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. Several of our volunteers are deeply engaged with the development of our work, and act as local contacts who advise on local issues and stimulate relevant events/projects, in collaboration with local communities.
Our local community partnerships in Kent have strengthened during the period of this report, with growing connections and joint events with the local town council, Rotary, and Unitarians, also in London and beyond.
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SPIRIT OF PEACE
Report of the Trustees
for the Year Ended 31 August 2024
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.
We have continued to work towards these goals, but since October 7th, with a more intense focus on issues caused by the conflict in the Middle East. We continue to deal with issues created by the conflict, which impacts the way we deliver our programmes. We were able to deliver all the work outlined and described under our programmes in the section "significant activities." This is a huge range of work for a small charity with limited funding. The fact that we are able to deliver such a range of interconnected work in an efficient way has led to a range of successful funding bids, which we feel reflect our achievement. In general, our work has contributed to:
- Increased social inclusion and positive connection
-
A greater understanding between ethnic and faith groups and a challenge to extremist ideology. (The Israel/Palestine issue is generally regarded as a significant trigger for racial and faith-based tension in the UK.) Our long-term work with Middle East partners tackles this.
-
Formation of deep and lasting relationships of trust between people from diverse cultural and faith groups, both in the UK and the Middle East.
-
Positive experiences at our events which people have noted as profound, nourishing and life-changing.
-
The development of a new and more inclusive sense of identity for many participants in our programmes.
-
Development of skills and confidence to engage with difference, both within the charity and for people attending events, enabling people to engage in the difficult conversations which have arisen due to the conflict in the Middle East.
A particular highlight was our Tree of Life speaking and arts tour, under our Arts at the Intersection programme, and together with a renowned peace builder from the Middle East. These events brought multi-faith and multi-ethnic groups together at a time when few were able to achieve this.
General Activities and Personnel
Social Media
We reviewed our social media and have made changes which can save time and resources, but still continue to convey our messages.
Funding
During the year the charity continued its robust programme of applying for funding. We were encouraged to receive funding from five trusts, and one in-kind sponsorship. In addition we have been offered many venues without cost to us. A small amount of funding was raised through product sales at in-person events and online (including through the website of one of our candle makers).
Personnel
The work of the charity is carried out by the following staff and volunteers:
- Chief Executive Officer
-
Two part-time contracted staff members
-
A range of volunteers, including in the fields of planning, marketing and delivery of events, musical and artistic input, and social media development.
The work of all the above is supported by our current team of five Trustees.
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SPIRIT OF PEACE
Report of the Trustees for the Year Ended 31 August 2024
FUTURE PLANS
-
In terms of governance, we seek to diversify our Trustee board and take on a Treasurer.
-
Finance. We will continue or programme of funding bids and seek ways to increase product sales. We are actively exploring outsourcing some funding bid operations. We are looking at ways to outsource our bookkeeping functions and are seeking a Treasurer.
-
Project plans. We will undertake a review of our projects in the light of changing world and local circumstances. We wish to ensure that each of our projects can be developed, as our work is holistic and our various projects are interrelated. Some project development has been set aside due to the focus on the Middle East. However, we are now in a position to review and develop all our UK projects. In particular, as we have delivered work in various places in the UK, there have been requests for our Pathways for Human Flourishing programme.
With regard to the Oxford Three Faiths Encounter project, it is proposed that this will become a Co-operation Circle within the United Religions Initiative, and this will necessitate and facilitate new work and collaborations.
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.
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 2024, the board appointed a new Trustee, bringing our current total to five. We consider this to be a good number for a small charity, although we do seek specialist skills with regard to finance and further diversity at management level. We will also explore meeting this need in other ways, as we do not wish the board to expand much further.
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.
Trustees Meetings
All Trustees' Meetings took place online. Between Trustees' meetings, the CEO consulted with various members of the board as necessary.
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.
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SPIRIT OF PEACE
Report of the Trustees for the Year Ended 31 August 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
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
Trustees
Dr B C Payman Psychotherapist Ms M J Ozanne Chartered Engineer Ms J Golding Volunteer Co-ordinator E A Lancaster Man Director, Utter Rubbish Ltd Revd H F Serjeant
Company Secretary
Dr B C Payman
Independent Examiner
Mary E Ryan Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW
Page 8
SPIRIT OF PEACE
Report of the Trustees
for the Year Ended 31 August 2024
REFERENCE AND ADMINISTRATIVE DETAILS
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 ............................................. and signed on its behalf by:
.......................................................................... Ms J Golding - Trustee
Page 9
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 2024.
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:
-
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
-
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
-
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 Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW
20 May 2025
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SPIRIT OF PEACE
Statement of Financial Activities for the Year Ended 31 August 2024
| 31.8.24 | 31.8.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 316 | 1,045 | 1,361 | 1,198 | |
| Charitable activities | |||||
| Peacemaking & reconciliation | 12,206 | 18,502 | 30,708 | 18,839 | |
| Investment income | 2 | - | - | - | 20 |
| Total | 12,522 | 19,547 | 32,069 | 20,057 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Peacemaking & reconciliation | 14,843 | 18,200 | 33,043 | 28,563 | |
| NET INCOME/(EXPENDITURE) | (2,321) | 1,347 | (974) | (8,506) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 8,217 | 2,520 | 10,737 | 19,243 | |
| TOTAL FUNDS CARRIED FORWARD | 5,896 | 3,867 | 9,763 | 10,737 | |
The notes form part of these financial statements
Page 11
SPIRIT OF PEACE
Balance Sheet
31 August 2024
| 31.8.24 | 31.8.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 5 | 687 | 1,853 | 2,540 | 1,179 |
| Cash at bank and in hand | 9,380 | 2,014 | 11,394 | 18,396 | |
| CREDITORS | 10,067 | 3,867 | 13,934 | 19,575 | |
| Amounts falling due within one year | 6 | (4,171) | - | (4,171) | (8,838) |
| NET CURRENT ASSETS | 5,896 | 3,867 | 9,763 | 10,737 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 5,896 | 3,867 | 9,763 | 10,737 | |
| NET ASSETS | 5,896 | 3,867 | 9,763 | 10,737 | |
| FUNDS | 8 | ||||
| Unrestricted funds | 5,896 | 8,217 | |||
| Restricted funds | 3,867 | 2,520 | |||
| TOTAL FUNDS | 9,763 | 10,737 | |||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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SPIRIT OF PEACE
Balance Sheet - continued
31 August 2024
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 ............................................. and were signed on its behalf by:
............................................. J Golding - Trustee
The notes form part of these financial statements
Page 13
SPIRIT OF PEACE
Notes to the Financial Statements for the Year Ended 31 August 2024
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 exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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 | |||
|---|---|---|---|
| 31.8.24 | 31.8.23 | ||
| £ | £ | ||
| Interest on tax refunds | - | 20 |
continued...
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SPIRIT OF PEACE
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 391 807 Charitable activities Peacemaking & reconciliation 12,184 6,655 Investment income 20 - Total 12,595 7,462 EXPENDITURE ON Charitable activities Peacemaking & reconciliation 9,747 18,816 NET INCOME/(EXPENDITURE) 2,848 (11,354) Transfers between funds (140) 140 Net movement in funds 2,708 (11,214) RECONCILIATION OF FUNDS Total funds brought forward 5,509 13,734 TOTAL FUNDS CARRIED FORWARD 8,217 2,520 |
Total funds £ 1,198 18,839 20 20,057 28,563 (8,506) - (8,506) 19,243 10,737 |
|---|---|
continued...
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SPIRIT OF PEACE
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.8.24 | 31.8.23 | ||
| £ | £ | ||
| Tax refunds due | 2,540 | 1,179 | |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 7) Accrued expenses |
31.8.24 £ 3,390 781 |
31.8.23 £ 8,185 653 |
| 4,171 | 8,838 |
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 31.8.24
was £3,390 (31.8.23 £8,185). This is considered to be an interest free loan with no set repayment terms and is included in short-term creditors.
7. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: | 31.8.24 £ |
31.8.23 £ |
||
|---|---|---|---|---|
| Other loans | 3,390 | 8,185 | ||
| MOVEMENT IN FUNDS | ||||
| Unrestricted funds | At 1.9.23 £ |
Net movement in funds £ |
At 31.8.24 £ |
|
| General fund | 8,217 | (2,321) | 5,896 | |
| Restricted funds | ||||
| Jerusalem Peacemakers | 337 | - | 337 | |
| Hope Flowers | 2,183 | 1,347 | 3,530 | |
| 2,520 | 1,347 | 3,867 | ||
| TOTAL FUNDS | 10,737 | (974) | 9,763 |
8. MOVEMENT IN FUNDS
continued...
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SPIRIT OF PEACE
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
8. 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 | 12,408 | (14,729) | (2,321) |
| Candles | 114 | (114) | - |
| Restricted funds | 12,522 | (14,843) | (2,321) |
| Hope Flowers | 16,397 | (15,050) | 1,347 |
| Marsh Charitable Trust | 600 | (600) | - |
| Magic Little Grants | 500 | (500) | - |
| Westhll endowment | 1,050 | (1,050) | - |
| Benefact | 1,000 | (1,000) | - |
| 19,547 | (18,200) | 1,347 | |
| TOTAL FUNDS | 32,069 | (33,043) | (974) |
Comparatives for movement in funds
| Unrestricted funds | Net movement At 1.9.22 in funds £ £ |
Transfers between At funds 31.8.23 £ £ |
|---|---|---|
| General fund | 5,509 3,019 |
(311) 8,217 |
| Candles | - (171) |
171 - |
| Restricted funds | 5,509 2,848 |
(140) 8,217 |
| Jerusalem Peacemakers | 337 - |
- 337 |
| Hope Flowers | 5,657 (6,013) |
2,539 2,183 |
| Oxford Three Faiths | 240 (80) |
(160) - |
| Southall Trust | 2,550 (311) |
(2,239) - |
| Awards for all | 4,600 (4,600) |
- - |
| Marsh Charitable Trust | 350 (350) |
- - |
| 13,734 (11,354) |
140 2,520 |
|
| TOTAL FUNDS | 19,243 (8,506) |
- 10,737 |
continued...
Page 17
SPIRIT OF PEACE
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
8. 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 | 12,355 | (9,336) | 3,019 |
| Candles | 240 | (411) | (171) |
| Restricted funds | 12,595 | (9,747) | 2,848 |
| Hope Flowers | 4,037 | (10,050) | (6,013) |
| Oxford Three Faiths | - | (80) | (80) |
| Southall Trust | - | (311) | (311) |
| Awards for all | - | (4,600) | (4,600) |
| Marsh Charitable Trust | - | (350) | (350) |
| Magic Little Grants | 500 | (500) | - |
| Royal Warrant Holders | 1,000 | (1,000) | - |
| Westhll endowment | 1,050 | (1,050) | - |
| London Mayor's Community Weekend | 875 | (875) | - |
| 7,462 | (18,816) | (11,354) | |
| TOTAL FUNDS | 20,057 | (28,563) | (8,506) |
9. RELATED PARTY DISCLOSURES
Gift aided donations totalling £300 were received from 1 trustee in the year (2022 £300)
Page 18
SPIRIT OF PEACE
Detailed Statement of Financial Activities for the Year Ended 31 August 2024
| Detailed Statement of Financial Activities for the Year Ended 31 August 2024 |
||
|---|---|---|
| 31.8.24 | 31.8.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | - | 20 |
| Gift aid | 1,361 | 1,178 |
| Investment income | 1,361 | 1,198 |
| Interest on tax refunds | - | 20 |
| Charitable activities | ||
| Donations | 24,475 | 14,750 |
| Grants | 6,233 | 4,089 |
| 30,708 | 18,839 | |
| Total incoming resources | 32,069 | 20,057 |
| EXPENDITURE | ||
| Charitable activities | ||
| Insurance | 558 | 503 |
| Telephone | 2,195 | 913 |
| Postage and stationery | 1,227 | 667 |
| Sub-contractors & facilitation fees | 10,352 | 12,647 |
| Travel & subsistence | 1,146 | 830 |
| Donations | 15,000 | 10,000 |
| Events | - | 1,350 |
| 30,478 | 26,910 | |
| Support costs | ||
| Management | ||
| Sundries | - | 411 |
| Finance | ||
| Bank charges | 84 | 61 |
| Information technology | ||
| Computer & repairs | 1,700 | 528 |
| Governance costs | ||
| Accountancy fees | 768 | 640 |
| Carried forward | 768 | 640 |
This page does not form part of the statutory financial statements
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SPIRIT OF PEACE
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 August 2024 | ||
| 31.8.24 | 31.8.23 | |
| £ | £ | |
| Governance costs | ||
| Brought forward | 768 | 640 |
| Legal fees | 13 | 13 |
| 781 | 653 | |
| Total resources expended | 33,043 | 28,563 |
| Net expenditure | (974) | (8,506) |
This page does not form part of the statutory financial statements
Page 20