**Charity number: 1123497**
## **THE PEACE MOVEMENT**
## **Unaudited**
**Trustees' report and financial statements**
**For the year ended 31 March 2021**
## **THE PEACE MOVEMENT**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6 - 7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Statement of cash flows**|10|
|**Notes to the financial statements**|11 - 24|
**THE PEACE MOVEMENT**
## **Reference and administrative details of the charity, its Trustees and advisers For the year ended 31 March 2021**
**Trustees** Lanre Joda Gloria Olujobi Bamidele Abibu Adewale Adeyemi (resigned 3 December 2021) Abiodun Oyedeji Olaitan **Charity registered number** 1123497 **Principal office** Suite 1-4 1 Queensgate Centre Orsett Road Grays Essex RM17 5DF **Accountants** Williams Giles Professional Services Ltd Chartered Accountants Sittingbourne Kent ME10 5BH
Page 1
## **THE PEACE MOVEMENT**
## **Trustees' report For the year ended 31 March 2021**
The Trustees present their annual report together with the financial statements of the charity for the 1 April 2020 to 31 March 2021. The financial statements have been prepared in accordance wiht the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Practice Accounting and Reporting by Charities: Statement of Recommend applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.
## **Objectives and activities**
## **a. Policies and objectives**
The advancement of the Christian Religion and Faith for the benefit of the public.
The furtherance of charitable works and the purposes of the charity for the benefit of the public community as the trustees may decide from time to time.
It pursues these objectives by the operation of a Centre for Christian worship at its premises at Queens Gate Centre, Grays and by programs of events aimed at reaching out to the un-changed together with a range of community-cantered projects.
## **b. Strategies for achieving objectives**
The church's strategies for achieving these objectives were:
Organisation of seminars in the church with proven speakers and ministers of the faith to guide members aspects of the Christian faith.
The Trust has organised local community centres to bring local cohesion and where people of different background can in the various feel part of the local community.
The Peace Movement has a thriving care for the elderly. Homecare Groups operate in 5 care homes in the community. The volunteers minister to the needs of the elderly through regular visitation and Christian ministrations.
Thurrock Kitchen is also one of the community projects of The Peace Movement. This project operates a soup kitchen, run by volunteers and members of the church, which provides free hot meals and drinks for individuals sleeping rough on the streets and homeless individuals and the destitute in the community.
The trust provides a Food Bank for members of the church going through hardship. The Food Bank supplies are free to the beneficiaries and include a range of items from dry foods to basic provisions.
The trust seeks to continue chaplaincy training for its members, to engage patients of the Basildon Hospital through a patient bedside visitation program which provides hope and joy to the sick.
Hope Trust Fund, now known as Encouragement Fund is a grant scheme targeting new intakes of university undergraduates and postgraduates, who are members of the church and are admitted and registered in a recognised UK university.
## **c. Volunteers**
The Charity is grateful for the untiring efforts of its volunteer workforce which is about 80 individuals. It is impossible to put a value on the efforts of our volunteers; we do however have a workers training programme in place which caters for the welfare, spiritual and social economic development of these individuals. The volunteers continue to provide an invaluable contribution in the following main departments of the Church.
Page 2
## **THE PEACE MOVEMENT**
## **Trustees' Report (Continued) For the year ended 31 March 2021**
## **Objectives and activities (continued)**
## **d. Public benefit statement**
The Trustees are aware of their responsibilty to ensure that the activities and objectives of the Trust are charitable and benefit the public. In determing the best way to persure these objectives the Trustees have taken on board the Charity Commision's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.
The Peace Movement though a religious Charity, has core community based projects and outreaches that are focused in benefiting the public and its immediate community.
## **Achievements and performance**
The charity continues to yeild tremendous results with an increased rate in the number if converts in line with our Statement of Faith as stated in its governing documents. Activities that promote and advance the Christian faith were embarked upon with the view of reaching a wider audience and enhancing its charitable obligations. The charity also continues to provide financial support to other charities operating within its objects.
The charity branched out into East London in January 2018, and is thriving and achieving gradual giant strides within the local community.
## **Financial review**
The Trustees have strategic plan to build up a general reserve that is supported by liquidity for the future. This will enable the Charity to be in sound financial position to continue to meet its financial obligations and also be positioned to continue to deliver its charitable objects on the longer term. To attain this strategy of supporting reserve with liquidity, the charity has a financial strategy to always maintain a bank balance not less than forty thousand pounds at any particular point in time.
The Charity's financial statement for the year ended 31 March 2021 shows total income of £506,741 (2020: £490,680). There was a surplus in funds of £75,346 (2020: deficit - £41,040). Unrestricted reserves at 31 March 2021 was £413,303 (2020: £337,957), while restricted reserves was £49,703 (2020: £49,703).
## **Structure, governance and management**
## **a. Constitution**
The Church is constituted under the church governing document and is also registered with the Charity Commission with charity registration number 1123497.
## **b. Methods of appointment or election of Trustees**
The management of the charity is the responsibility of the Trustees who are co-opted under the terms of the governing documents of the church. There were no changes in the Board of Trustees druing the year ended 31 March 2021.
Page 3
## **THE PEACE MOVEMENT**
## **Trustees' Report (Continued) For the year ended 31 March 2021**
## **Structure, governance and management (continued)**
## **c. Organisational structure and decision-making policies**
The Church is organised such thatthe day to day running of the church has been delegated to the Head of FInance and Administration. The Trustees determine the Strategic direction of the charity and is consulted on all matters that are material. Trustees and the Parish Pastor meets formally as and when required to review the church's operations. The Trustees are also commited to ensuring there are adequate skills and experise on its board. This ensures the strategic responsibilty of the board of trustees that engenders a continued and adeqaute oversight functions is maintained.
## **d. Policies adopted for the induction and training of Trustees**
New trustees are educated and trained in relation to their legal obligations under the charity law. The trustees are also updated in relation to the decision making processes and current financial performance of the charity. Trustees are encouraged to attend appropriate external training events which will facilitate their knowledge in relation to their role. The Charity Commision updates are also forwarded to trustees as at when issued.
## **e. Financial risk management**
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Plans for future periods**
The charity continues to explore ways to evangelise in an effective manner by raising its profile and getting more involved and getting more invloved in the community. The charity is also looking to grow in membership and continue to develop its members to make positive impact in the business world. The charity also aims at achieving the following in the near futuure:
Furtherance of the Gospel
Sheperding the people of God
Organising seminars and conferences to empower membership of the church community
Getting members of the church involved in effective lay ministry.
Page 4
## **THE PEACE MOVEMENT**
## **Trustees' Report (Continued) For the year ended 31 March 2021**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## **Lanre Joda**
## **Gloria Olujobi**
Date: 26 January 2022
Page 5
## **THE PEACE MOVEMENT**
## **Independent examiner's report For the year ended 31 March 2021**
## **Independent examiner's report to the Trustees of The Peace Movement ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of Chartered Certified Accountants, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Page 6
## **THE PEACE MOVEMENT**
## **Independent examiner's report (continued) For the year ended 31 March 2021**
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Dated: 28 January 2022 Samuel Ketcher FCCA **Williams Giles Professional Services Ltd** Chartered Accountants Sittingbourne Kent ME10 5BH
Page 7
## **THE PEACE MOVEMENT**
## **Statement of financial activities For the year ended 31 March 2021**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**431,541**
**75,200**
**411**
**507,152**
**431,806**
**431,806**
**75,346**
**337,957**
**75,346**
**413,303**|**Restricted**
**funds**
**2021**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**49,703**
**-**
**49,703**|**Total**
**funds**
**2021**
**£**
**431,541**
**75,200**
**411**
**507,152**
**431,806**
**431,806**
**75,346**
**387,660**
**75,346**
**463,006**|_Total_
_funds_
_2020_
_£_
_411,890_
_78,319_
_471_
_490,680_
_531,720_
_531,720_
_(41,040)_
_428,700_
_(41,040)_
_387,660_|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 24 form part of these financial statements.
Page 8
## **THE PEACE MOVEMENT**
## **Balance sheet As at 31 March 2021**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
13
**Total net assets**
**Charity funds**
Restricted funds
14
Unrestricted funds
14
**Total funds**|**-**
**166,037**
**166,037**
**(23,387)**|**2021**
**£**
**609,487**
**609,487**
**142,650**
**752,137**
**(289,131)**
**463,006**
**49,703**
**413,303**
**463,006**|_5,522_
_94,587_
_100,109_
_(19,484)_|_2020_
_£_
_615,022_
_615,022_
_80,625_
_695,647_
_(307,987)_
_387,660_
_49,703_
_337,957_
_387,660_|
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **Lanre Joda**
Trustee Date: 26 January 2022
The notes on pages 11 to 24 form part of these financial statements.
Page 9
## **THE PEACE MOVEMENT**
## **Statement of cash flows For the year ended 31 March 2021**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from financing activities**
Repayments of borrowing
**Net cash used in financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 11 to 24 form part of these financial statements|**2021**
**£**
**89,308**
**(17,858)**
**(17,858)**
**71,450**
**94,587**
**166,037**|_2020_
_£_
_(24,866)_
_(35,145)_
**(35,145)**
**(60,011)**
_154,598_
_94,587_|
|---|---|---|
Page 10
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **1. General information**
The Peace Movement is an unincorporated charity. The address of its registered office is Suite 1-4, 1 Queensgate Centre, Orsett Road, Grays, Essex, RM17 5DF.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Peace Movement meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertanities related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustee's make the assessment in respect of a period of at least one year from the date of approval for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Whilst the impact of the COVID-19 pandemic has been assessed by the Trustees, so far as is reasonably possible, due to it's unprecedented impact on the worldwide economy it is difficult to evaluate with any certainity the potential outcomes on the Charity's future activities. However, taking into consideration the Charity's level of reserves and actions they have taken, the Trustees believe the Charity will be able to continue in operational existence for the foreseeable future.
Page 11
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **2. Accounting policies (continued)**
## **2.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Donated services or facilities are recognised when the charity has control over the item, any conditions associated wiht the donated item have been met, the receipt of economic benefit from the use of charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 12
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **2. Accounting policies (continued)**
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
|Freehold property|-|25% on cost|
|---|---|---|
|Leasehold property|-|over term of lease|
|Motor vehicles|-|25% on cost|
|Fixtures and fittings|-|33% on cost|
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 13
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **2. Accounting policies (continued)**
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.10 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.11 Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## **2.12 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies are allocated to the appropriate fund.
Page 14
## **THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **3. Income from donations and legacies**
|**Unrestricted**
**funds**
**2021**
**£**
Donations
391,541
Grants
40,000
**Total 2021**
431,541
_Total 2020_
_411,890_|**Total**
**funds**
**2021**
**£**
**391,541**
**40,000**
**431,541**
_411,890_|_Total_
_funds_
_2020_
_£_
_411,890_
_-_|
|---|---|---|
|||_411,890_|
||||
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2021**
**£**
Church operations
75,200
_Total 2020_
_78,319_
**Investment income**
**Unrestricted**
**funds**
**2021**
**£**
Bank interest
411
_Total 2020_
_471_|**Total**
**funds**
**2021**
**£**
**75,200**
_78,319_
**Total**
**funds**
**2021**
**£**
**411**
_471_|_Total_
_funds_
_2020_
_£_
_78,319_|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_471_|
||||
## **5. Investment income**
Page 15
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **6. Analysis of expenditure by activities**
|Church operations
_Total 2020_
**Analysis of direct costs**|**Activities**
**undertaken**
**directly**
**2021**
**£**
222,306
_329,093_|**Support**
**costs**
**2021**
**£**
209,500
_202,627_|**Total**
**funds**
**2021**
**£**
**431,806**
_531,720_|_Total_
_funds_
_2020_
_£_
_531,720_|
|---|---|---|---|---|
||||||
|Staff costs
Rent, rates and service charges
Conference and seminars
Thanksgiving
Books and journals
Charitable donations
Honorarium
Hospitality
Media, advertisement & promotion
Musicians expenses
Manse expense
Welfare
Youth program
Transportation
**Total 2021**
_Total 2020_|**Church**
**operations**
**2021**
**£**
44,795
89,157
17,121
6,873
-
1,000
1,700
2,750
11,680
37,930
4,500
300
4,500
-
222,306
_329,093_|**Total**
**funds**
**2021**
**£**
**44,795**
**89,157**
**17,121**
**6,873**
**-**
**1,000**
**1,700**
**2,750**
**11,680**
**37,930**
**4,500**
**300**
**4,500**
**-**
**222,306**
_329,093_|_Total_
_funds_
_2020_
_£_
_60,746_
_110,471_
_65,414_
_14,477_
_27_
_2,604_
_13,610_
_9,268_
_10,580_
_39,319_
_-_
_35_
_2,065_
_477_|
|---|---|---|---|
||||_329,093_|
|||||
Page 16
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|**Church**
**operations**
**2021**
**£**
Communications and IT expenses
7,755
Light & Heating
28,695
Repairs, maintenance and cleaning
47,675
Insurance
7,702
Training
-
Legal & professional fees
69,050
Subscriptions
739
Administrative and office expenses
13,446
Building security
1,248
Depreciation
5,535
Mortgage interest and bank charges
19,647
Governance costs
8,008
**Total 2021**
209,500
_Total 2020_
_202,627_
**7.**
**Independent examiner's remuneration**
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts
Fees payable to the charity's auditor and its associates in connection with
the charity's pension scheme(s) in respect of:
All non-audit services not included above|**Total**
**funds**
**2021**
**£**
**7,755**
**28,695**
**47,675**
**7,702**
**-**
**69,050**
**739**
**13,446**
**1,248**
**5,535**
**19,647**
**8,008**
**209,500**
_202,627_
**2021**
**£**
**1,800**
**1,650**|_Total_
_funds_
_2020_
_£_
_9,844_
_32,960_
_27,580_
_8,324_
_8,200_
_68,804_
_839_
_8,330_
_3,598_
_6,805_
_25,543_
_1,800_|
|---|---|---|
|||_202,627_|
|||_2020_
_£_
_1,800_|
|||_1,400_|
Page 17
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **8. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
The average number of persons employed by the charity during the year was|**2021**
**£**
**33,318**
**8,964**
**2,513**
**44,795**
as follows:|_2020_
_£_
_53,628_
_5,528_
_1,590_|
|---|---|---|
||||
|||_60,746_|
||||
|**2021**|_2020_|
|---|---|
|**No.**|_No._|
|**1**|_2_|
No employee received remuneration amounting to more than £60,000 in either year.
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ .
During the year ended 31 March 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ .
Page 18
## **THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **10. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2020
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book value**
At 31 March 2021
_At 31 March 2020_|**Premises**
**cost**
**£**
**180,775**
**180,775**
**180,775**
**-**
**180,775**
**-**
_-_|**Leasehold**
**property**
**£**
**615,022**
**615,022**
**-**
**5,535**
**5,535**
**609,487**
_615,022_|**Motor**
**vehicles**
**£**
**7,200**
**7,200**
**7,200**
**-**
**7,200**
**-**
_-_|**Fixtures and**
**fittings**
**£**
**218,000**
**218,000**
**218,000**
**-**
**218,000**
**-**
_-_|**Total**
**£**
**1,020,997**|
|---|---|---|---|---|---|
||||||**1,020,997**|
||||||**405,975**
**5,535**|
||||||**411,510**|
||||||**609,487**|
||||||_615,022_|
A review of fixed assets identified that the leasehold property is based on a 999 year lease. No depreciation has been applied to the property which commenced on 1 January 2013. The Charity's accounting policy has been reviewed and set to depreciate the asset over the term of the lease, therefore a depreciation charge has been applied in the current year to correct the depreciated value.
## **11. Debtors**
|**Due within one year**
Other debtors|**2021**
**£**
**-**
**-**|_2020_
_£_
_5,522_
_5,522_|
|---|---|---|
Page 19
## **THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **12. Creditors: Amounts falling due within one year**
|Bank loans
Trade creditors
Other creditors
Accruals and deferred income|**2021**
**£**
**18,682**
**60**
**1,195**
**3,450**
**23,387**|_2020_
_£_
_17,684_
_-_
_-_
_1,800_|
|---|---|---|
||||
|||_19,484_|
## **13. Creditors: Amounts falling due after more than one year**
|Bank loans
Included within the above are amounts falling due as follows:
**Between one and two years**
Bank loans
**Between two and five years**
Bank loans
**Over five years**
Bank loans|**2021**
**£**
**289,131**
**2021**
**£**
**19,736**
**66,141**
**203,254**|_2020_
_£_
_307,987_|
|---|---|---|
|||_2020_
_£_
_18,682_|
|||_62,610_|
|||_226,695_|
Included in the above is a mortgage loan at £307,813, which is secured by way of leasehold property (Basement & First Floor Premises, Queensgate Centre, Orsett Road, Grays, Essex, RM17 5DJ).
Interest is charged on this loan at a rate of 2.5% above base rate, being 5.5% in total.
The Peace Movement will repay the loan and interest by monthly installments of £2,928.78.
The final repayment date of the loan is 240 months after the loan is drawn.
Page 20
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **14. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Building Fund
**Total of funds**
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Building Fund
**Total of funds**|**Balance at 1**
**April 2020**
**£**
**337,957**
**49,703**
**387,660**
_Balance at_
_1 April 2019_
_£_
_378,997_
_49,703_
_428,700_|**Income**
**£**
**507,152**
**-**
**507,152**
_Income_
_£_
_490,680_
_-_
_490,680_|**Expenditure**
**£**
**(431,806)**
**-**
**(431,806)**
_Expenditure_
_£_
_(531,720)_
_-_
_(531,720)_|**Balance at**
**31 March**
**2021**
**£**
**413,303**|
|---|---|---|---|---|
|||||**49,703**|
|||||**463,006**|
|||||_Balance at_
_31 March_
_2020_
_£_
_337,957_|
|||||_49,703_|
|||||_387,660_|
Page 21
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **15. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|**Balance at 1**
**April 2020**
**£**
**337,957**
**49,703**
**387,660**
_Balance at_
_1 April 2019_
_£_
_378,997_
_49,703_
_428,700_|**Income**
**£**
**507,152**
**-**
**507,152**
_Income_
_£_
_490,680_
_-_
_490,680_|**Expenditure**
**£**
**(431,806)**
**-**
**(431,806)**
_Expenditure_
_£_
_(531,720)_
_-_
_(531,720)_|**Balance at**
**31 March**
**2021**
**£**
**413,303**
**49,703**|
|---|---|---|---|---|
|||||**463,006**|
|||||_Balance at_
_31 March_
_2020_
_£_
_337,957_
_49,703_|
|||||_387,660_|
Page 22
## **THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **16. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2021**
**£**
Tangible fixed assets
609,487
Current assets
116,334
Creditors due within one year
(23,387)
Creditors due in more than one year
(289,131)
**Total**
413,303|**Restricted**
**funds**
**2021**
**£**
-
49,703
-
-
49,703|**Total**
**funds**
**2021**
**£**
**609,487**
**166,037**
**(23,387)**
**(289,131)**
**463,006**|
|---|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Unrestricted_
_funds_
_2020_
_£_
_615,022_
_50,406_
_(19,484)_
_(307,987)_
_337,957_|_Restricted_
_funds_
_2020_
_£_
_-_
_49,703_
_-_
_-_
_49,703_|_Total_
_funds_
_2020_
_£_
_615,022_
_100,109_
_(19,484)_
_(307,987)_
_387,660_|
|---|---|---|---|
## **17. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income/expenditure for the year (as per Statement of Financial
Activities)
**Adjustments for:**
Depreciation charges
Decrease/(increase) in debtors
Increase in creditors
**Net cash provided by/(used in) operating activities**|**2021**
**£**
**75,346**
**5,535**
**5,522**
**2,905**
**89,308**|_2020_
_£_
_(41,040)_
_6,805_
_(5,522)_
_14,891_
_(24,866)_|
|---|---|---|
Page 23
**THE PEACE MOVEMENT**
## **Notes to the financial statements For the year ended 31 March 2021**
## **18. Analysis of cash and cash equivalents**
|Cash in hand
**Total cash and cash equivalents**|**2021**
**£**
**166,037**
**166,037**|_2020_
_£_
_94,587_|
|---|---|---|
||||
|||_94,587_|
## **19. Analysis of changes in net debt**
|Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year|**At 1 April**
**2020**
**£**
**94,587**
**(17,684)**
**(307,987)**
**(231,084)**|**Cash flows**
**£**
**71,450**
**(998)**
**18,856**
**89,308**|**At 31 March**
**2021**
**£**
**166,037**
**(18,682)**
**(289,131)**|
|---|---|---|---|
||||**(141,776)**|
## **20. Pension commitments**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund at the balance sheet date amounts totalling £Nil (2020 - £Nil) were payable to the fund and are included in creditors.
## **21. Related party transactions**
The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 March 2021.
Page 24