THE PEACE MOVEMENT
Charity Number 1123497
Unaudited
Trustees. report and flnancial statements
For the year ended 31 March 2024

The Peace Movement
Charity No 1123497
Table of contents
Sectlon
Page
R8f@rence and Administrative Details of the charity. its Trustees and Advisers
Report of the Trustees
ndependent Examiner's report to the Trustees of The Peace Movement
Statement Of Flnancial Activities ('SOFA°)
Balance sheets
Notes to the financial statements
9-17
Page No l 0117

The Peace Movement
Charlty No 1123497
Reference and adminlstrative details
Charity Number
1123497
R8gistered office
Suite 1- 4
1 Queensgate Centre
Ors8tt Road
Grays
Essex
RM17 SD
Accountants
Sodavlc & Associates
193 Sixth Avenue
London E12 5PT
Princlpal Bankers
Barclays Bank PIC
39 Threadneedle Street Branch
London EC2R 8AU
Trustees
The Trustees who held office during the year and since year end
were as follows:
Lanre Joda
GlorSa Olulobi
Bamidele Abibu
Abiodun Oyedeji Olaltan
Pa9e No 2of 17

The Peace Movement
Charlty No 1123497
Report of the Trustees for the year ended 31 March 2024
The Trustees are pleased to present their report together with the unaudited financial statements of
the charity for the year ended 31 March 2024.
The financial statements have been preparad Sn accordance wlth the accounting policies set out in
notes to the 8ccounts and comply with the Charilies Act 2011, the Companies Acl 2006, the Articles of
Association and Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland, published on 16 July 2014.
structure, Governance and Management
The Church Is constituted under the church governing document and is also registered with the
Charity Commlssion with charity registration number 1123497.
The management of the charity is the responsibility of the Trustees who are co-opted under the lems
of the governing documents of the church. There were no changes in the Board of Trustees during the
year end8d 31 March 2024,
Objectlves and Activitles
The objectives of the charity include:
The advancement of Iha Chrlstian Religlon and Faith for the benefit of the public
The furtherance of charitable works and th8 purposes of th8 charlty for the benefit of the public
communlty as the Trustees may declde from time to tlme.
These objedives are pursued by the op6rath)n of a Centre for Christian worship at its premlses at
Queens Gate Centre, Grays and by programs of events aimed at reaching out to the un-changed
together with a range of communlty-cant8red projects.
strategles
Strategles for achlevlng the objectlves:
Tha church's stralegles for achieving its objectives were:
Organlsation of seminars in the church wlth proven speakers and mlnlstgrs of Ihe faith to guide members
on aspects of the Chrislian faith.
The Trust has organised local community centres to bring local coheslon and where people of dlfferent
b8ckground can in various ways feel part of the local community.
The Peace Movement has a food bank arrangement that provides food for the community espèclally for
those who are struggling in these present economic times. The trust provides a food bank for members
of th8 church going through hardship. The food bank supplles are free to the beneficiaries and include
a range of items from dry foods to basic provisions.
Thurrock Kitchen is also one of the communlty 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 th8 streets and homeless individuals and th8 dasiitute in th8
community.
The Trust has embarked on new initiatives that alleviate personal poverty and improving individual ability
to contribute lo the national economy by trainlng, encouraging education and enhancing skills.to becom8
employable and also start businesses. The Trust also supports other charitie5 With aligned goals. The
Trust presently supports a charity that houses homeless 16 - 18 year old who are displaced for varlous
reasons.
P•9e No 3 of 17

The Peace Movement
Charlty No 1123497
Report of the Trustees for the year ended 31 March 2024
Achi8vements and Performance
Th8 charlty continues to yield tremendous results with an increased rate in the number of converts in
line with its Statement of Falth as stated in its governing documents. Acttvities that promote and advance
the Christian faith were embarked upon with the vi8w 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 branch In East London started in January 2018 is now a thriving flagship. achleving gradual
giant strldes within the local community.
Flnancial Ravlew
Incoming resources were £477,366 (2023: £433,699) during the year to 31 March 2024. Resources
expended were £556.151 (2023., £446,773). The net expenditure for the year was (£78,785) (2023:
£13,074 deficlt). Unreslricted reseNe at 31 March 2024 was £342,915 {2023: £421,700), while restricted
reserves remained at £49,703 (2023: £49.703).
Publlc Beneflt
The Trustees are aware of their responsiblllty lo ensure that the actlvltles and objectives of the Trust are
charltabl8 and beneflt the public.
In setting obj'ectlves and plannlng activities, the Truste8s have given carèful consideratlon to the Charlty
Commission's guidanc8 on the public benefit and In particular its supplgmentary public guldanc8 on the
advancement of religlon for the public benefrt.
The Peace Movement though a rellglous Charity. has core community-based projects and outreaches
that are focused on benefiting the public and its Immediate community.
Re88rves Poll¢y
It Is charity pollcy to malntaln reserves that w511 pemiit it to maintaSn and grow its activStles for the purpose
of enhancing over time, ils ability to meet ils charllable objectives. To thal end, the Trust86s seek to
ensure that there are sufficient net current assets to support working capital wlth reserves to meet
current liabilities. and to afford reasonable proteclion to the organisation in the contexl of currenl and
anticipated levels of activity, commilments, risks and exposures to changing economic conditions. This
will enable the Charity to be in sound financial posltlon, to continue to meet its financial obllgations and
also be positioned to continue to deliver its charitable objects on the longer term.
Charity cash balances at the balance sheet date stood at £72,431 (2023,. £149,942> and unrestrict8d
r8serve at the balance sheet date was at £342,915 (2023: £421,700). The charity ¢onsid8rs this position
S8tisfaclory in light of the decision to wholly own rather than leas8 under long term operating conlracts,
Donations Pollcy
The Trustees seek to optimise charitable donations in a way consistent with the stated reserves policy
and subject to there being sufficient cash and Ilquld resources avallabl8 to support the charity ongoing
business.
Rlsk Management
The Truste8s have assessed the major risks to which the charity is exposed. in particular th088 r@lated
to the operations and finances of the charity and are satisfied that systems and procedures are in place
to miligate exposure to the major rlsks.
Pag9 No 4of 17

The Peace Movement
Charity No l 123497
Report of the Trustees for the year ended 31 March 2024
statement of Trustees responslbllltles
The Truste8s 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 year which give a Irue and fair view of the state of affairs of the charity and of its
incoming resources and application of resources. including its incorne and expenditure, for that period.
In preparing these financial statements, the Trustees are required to:
Select sultable accountlng policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards 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 il is inapproprlate lo
presume that the charity will continue in business.
The Trustees are responslble for keeplng adequate accounting records that are sufficient to show and
explain the charity's transactions and dlsclose with reasonable accuracy at any time the financlal
position of the charily and enable them to ensure that the financial statements comply with the Charities
Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provlsions of th8 Trust deed.
They are also responsible for safeguarding the assets of the charity and hence for taklng reasonabla
steps for the prevention and detection of fraud and olher irregularities.
Approved by order of the members of Ihe board of Trustees and signed on their behalf by:
Lanre Joda
Date:
/, [11-
Gloria Olujobi
Date:
IDII
Page No 5 of 17

The Peace Movement
Charity No 1123497
Independent examlner's report to the Trustees of The Peace
Movement (Mthe charlty.)
I r8port to the charity Trustees on my examination of the accounts of th8 charity for the year ended 31
March 2024.
Responslbllltles and basls of report
As the Trust8es of the charity. you are responsible for the preparation of the accounts In accordance
with the requirements of the Charities Act 2011 ('th8 2011 ACV).
I report in respect of my examinatlon of the charitys accounts carried out und8r section 145 of the 2011
Act and In carrying out my examination I have followed the applicable Directions given by the Charlty
Commission under sectlon 145(5)(b} of the 2011 Act ('the 2011 Act,).
Independent oxaminerfs statement
The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by
belng a member of The Chartered Institute of Management Accountants.
I have completed my examlnation. I confirm that no materlal matters have com8 to my attentlon in
connectlon with the examination giving me cause to believe that In any materlal respect,,
accountlng records were not kept in respect of the charity as required by sectlon 130 of the
Charities Acl; or
2. the accounts do not accord wlth those records: or
3, the accounts do nol comply with the applicable requirements concernlng the form and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requlremenl that the accounts give a'true and fairf view whlch Is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection w5th the examinatlon to which
attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be
reached.
Thls report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charitle5
(Accounts and Reports) Regulations 2008. My work has been und8rtaken so that I might state to the
charity's Trustees those matters l am required to stat8 to them in an independent examlner'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.
om
oseph-Akln
nya
Sodavic & Associates
193 Sixth Avenue
London E12 5PT
United Kingdom
21ftF 54
.2024
Page No 6 of 17

Tha Peace Movement
Charlty No 1123497
statement of Flnancial Activitles
for the year ended 31 March 2024
Note
Unrestricted
Funds
Year ended
31 March
2024
Restricted
Funds
Year 8nd8d
31 March
2024
Total
Funds
Year ended
31 March
2024
Total
Funds
Year ended
31 March
2023
Income:
Income from ChalltakAe aclivilies
Donatlons and legacies
Church operations
349,621
55,527
349,621
55,527
309,363
58.208
Olher Income
72,214
72,214
85.954
Inve8lment income
174
Totsl In¢om8
477 366
477 366
433 699
ExpondltUTO;
Charitable activities
(556,151)
(556,151)
1446,7731
Total expendlture
556 151
556151
Net lThcomellexpenditurel
(7B,785)
178,7851
(13,0741
Transfer to reserves
Not movement In funds
(78,785)
178,785)
(13,0741
Reconclllation of funds:
Fund balances as al 1 April
421.700
49,703
471403
484 477
Fund balances as at 31 March
392 618
471403
All of Ihe above results are derived from c4)nl¥iuing acliwtss.
There were no gains or losses olhei than those reporled above.
The notes on pages 9 to 17 forrn part of these financial statements.
Page No 7 of 17

The Peace Movement
Charlty No 1123497
Balance Sheet
as at 31 March 2024
Note
31 March 2024
31 March 2023
Fix8d assets
Tangible assets
613,511
620,460
613511
620,460
Current assets
Debtors
Cash at bank and In hand
10
1,624
72,431
8,636
149,942
158 578
Creditors.. Amounts falling due within one year
11
158.486)
153,023)
Net current assets
105555
Totsl assets less current Ilabllltles
629,080
726,015
Creditors: Amounts falling due after one year
12
(236,462)
{254,612)
Net assets
392,618
471,403
Fund8
Unreslricled gèneral funds
Reslricled funds
13
13
342.915
49,703
421,700
49,703
Total Funds
392 618
471403
The financial statements were approved by the Council on... .
on its behalf by: _
2024 and slgned
Lanre Joda
Trustee
Date:
The notes on pages 9 to 17 fom part of Ihese financial statements.
Pag• No 8 of 17

The Peace Movement
Charity No 1123497
Notes to the financlal statements
for the year ended 31 March 2024
Principal accounting pollcles
The financial statements relate to the year end8d 31 March 2024.
The followlng accounting pollcies have been applied consistentty in dealing wlth items which are
considered material in relation to the financial slalements:
1.1a Basls of preparatlon and consolidatlon
Th8 financial statemenls have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charilies: Stalement of Recornmend@d Practice applicable to
charlties 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 Financlal 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 Irue and falrf view and have departed from
the Chsrilies (Accounts and Reports) Regulations 2008 only to the extent required to provide a
'true and falrf 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 effectlve 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 Inltially recognised at historical cost OT transaction value unl8SS Otherwise stated In
the relevant accounting pollcy.
1.1b Golng concem
The financlal statèments are drawn up on th8 going concem ba8is which assumes th8 charlty will
continue In operational exlstence for the foreseeable future.
The Trustees assess whether the use of going concem is appropriate i.e. whether there are any
material uncertalntles related to events or conditions that may cast significant doubt on the ability of
the Charity to contlnue as a going concern. Tr Trustee's make the assessment in r8SP8Ct of a
period of al least one year from the dale of approval for issue of the financial statements and have
concluded that no malerial uncertaintles that cast slgnificant doubt about the ability of the charity to
continue as a going concern have been identified. Ihus Ihey continue to adopt the going concern
basis of accounling in preparing the financial statements.
The charity's activitles, together with Ihe factors likely to affect its future development, performance
and p0s￿tIOn are set out in the Trustees, Report on pages 2 to 5. The financial position of the charlty,
its liquidity position are described in the primary financial statements on p8g&s 8 to 9. In addition,
notes 1 to 16 in the financl81 statements include: the charitys objectlV8s, policles and processes for
risk management.
The ongoing Cost-of-Llvlng Crisis driven largely by high inflation is one of the main issues Currently
afflicting UK and Ihe world economy. Whilst it is difficult lo evaluate with any certainty the potential
outcomes on the future activilies of the charity. the Trustees have a reasonable expeciatlon that the
charity has adequate resources to continue in operational existence for the foreseeable future,
taking into consideration the Charitys level of res8tves and actions already taken.
Page No 9 of 17

The Peace Movement
Charlty No 1123497
Notes to the financlal statements
for the year ended 31 March 2024
Accounting pollcles (continued)
1.2 Fund accounting
The general fund is an unrestricted fund which is available for use at the discretlon of the Trustees
In furtherance of the general objectives of the charity.
Restricted funds are avallable for use only for the specific purpose specified by the donor or grantor.
1.3 Incoming resources
Income is included in the statement of financial activities (SOFA) when the charity Is legally
entitled lo the Income, it is probable thal the income will be received and the amount can b&
quantified with reasonable accuracy.
Grants received are recognised in full at the point when Ihe Charity becomes entitled to such
fund5, Th1s income is recognised in full although spend may be over differlng flnancial periods.
The balance of income received forspecific purposes butnot expended during the period is shown
in the relevant funds on the Balance sheet. Where income is received in advance of entitlement
of recelpt, its recognitlon Is deferred and included in creditors as deferred Income. Where
entitlement occurs before Income is received, the income is accrued.
Donated servic8s or facllStles are reGognlsed when the charlty has control over the item, any
condltlons associated with 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 wlth the Charities SORP (FRS 102), the general volunteer time is not recognised.
On receipt, donated professional services and facilities are recognised on th8 basis of the value
of thè gift to the charity which Is the amount it would have been willing to pay to obtain servlces
or facilities of equivalent economic benefit on the open market; a corresponding amount Is then
recognised In expenditure in the period of recelpt.
Income tsx recoverable in relation to donations recelved under Gift Aid or deeds of covenant Is
recognised at the time of the donation.
Income t8x recoverable in relation to investment income is recognised at Ihe tim8 the investment
income Is receivable.
other income Is recognised In the period in whlch it is receivable and to the extent th8 goods have
been provided or on completion of the service.
1.4 Expendlture and support Costs
Expenditures are accounted for on an accruals basis, rgcognised once there is a legal or
constructive obligation to make a payment to a third party, probable that settlement will be
required and the amount of the obligation Can be reliably measured. Irrecoverable element of
VAT is included with the item of expense to which it relates.
Costs which are directly attributable to charitable activities arè r8corded against thos8 activities.
Costs which are not dlrectly attributable to charitable activities and which are not governance
costs are termed support costs. Support costs are allocated to charitable activities on the basis
consislent with the use of resources. Central stsff costs are allocated on the basis of time spent,
and depreciation charges allocated on the portton of the asset's use.
All expenditure is Inclusive of Irrecoverab￿ VAT
Page No 10 of 17

The Peacè Movement
Charity No 1123497
Notes to the financlal statements
for the year ended 31 March 2024
Accounting pollcles (continued)
1.5 Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include ind8pendent examination fees and costs linked to the
strategic management of the charity. Gov8rnance costs are allocated to charitable activities based
on the activltles total direct costs.
1.6 Tanglble fixed assets and d8preclatlon
Depreclauon is provided evenly on cost to write off fixed assets (over £1,000) lo their estimated
residual values over thelr expected useful lives. Where there is evidence of impalrment, fixed
assets are written down to recoverable amount. The principal annual rates are..
Freehold property
Fumiture, fillings & equipmenl
Computer equlpment
Motor vehicles
Leasehold improvements
250
330A
330A
25%
Over the primary lease term
Where a tangible asset has been acquired lo deliver a specific and designated project which may
have a term less Ihan the above rale periods, the assel is depreciated over the shorter life term
of the project.
1.7 Penslons
The charity operates a defined contribution penslon scheme and the penslon charge to the SOFA
repres6nts the amounts payable by the charlty to the fund in respact of the year.
1.8 Leased assets
Rentals payable under operating leases are charged to the SOFA on a straight-line basls over
the life of the lease.
1.9 Interest recelvable
Inl8rest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity: thls is nomially upon nolificalion of the interest paid or payable by Ihe
institution with whom the funds are deposited.
1.10 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offared.
Outstanding debts are reviewed for recoverability according to age and specific circumstances.
Provislon is made to the extent that debts are deemed to be irrecoverable. Prepaym8nts are
valued at the amount Prepaid net of any trad8 dlscounts due.
1.11 Cash at bank and In hand
Cash at bank and in hand includes cash and shorl-term highly liquid Investmenls with a short
maturity of three months or less from the date of acquisition or opening of the deposit or simllar
account.
Paga No 11 of 17

The Peace Movernent
Charlty No 1123497
Notes to the flnancial statements
for the year ended 31 March 2024
Accountlng pollcles (continued)
1.12 Llabllitlas and provislons
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 reliably estimated.
Liabilities are recognised at th8 amount thal 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.
Provlslons are measured at the best estimate of the amounts required to settle the obligation.
Where the effect of the time value of money is malerial, the provision is based on the presont
value of those amounts, discounted at the pre-tax discounl rate that reflects the risks specific to
the liabillty. The unwinding of the discount is recognised In the Statement of flnancial activitles as
a finance cost.
1.13 Flnanclal Instruments
The charlty only has financial assets and financial liabllltles of a kind that qualify as baslcfinanclal
instruments. Basic financial instruments ar8 initially recognlsed at transactlon value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost uslng the effective interest method.
Page No 12 of 17

The Peace Movement
Charity No 1123497
Notes to the flnancial statements
for the year ended 31 March 2024
Analysls of Income
Unr•slrlcted funds
2024
Totsl fund5
2024
Total funds
2023
Donations
Church operallons
349,621
55.527
349,621
55,527
309,363
58.208
405,148
405,148
367,571
Rental income
Inte￿$1 receivable
72,214
72,214
65,954
174
477 366
477 366
433,699
Analy558 of expendlturn
Unrostrkted funds
2024
Total funds
2024
Tolal fund5
2023
A¢liviti88 undertaklng diieclly
Support costs
Govefn8nce costs
348,557
200,503
7,091
348,557
200,504
7,091
293,618
146,496
6,659
556,151
556,152
446 773
Analysls of dlrect expendlture
Church operntlons
2024
Tolal fund$
2024
Total fund5
2023
Staff costs
Rents, rates and servlce chaTges
Conference and seminars
Thanksgiving
Chaiitable donations
Honorarium
Hospilallty
Media, advertisement and promotion
Musician expenses
Manse expense
Entertalnmenl
Transportat
73,750
99,240
33,050
9,372
6.116
17.400
14.233
4.779
71.584
18,000
73,750
99,240
33,050
9,372
6,116
17,400
14,233
4,779
71,584
18,000
74,171
71,759
17,176
11,710
5,131
11,450
9,417
16,478
56,386
18,000
240
1,700
1,033
1,033
348,55T
293 618
Pag• No 13 of 17

The Peace Movement
Charlty No 1123497
Notes to the flnanclal statements
for the year ended 31 March 2024
Analysls of support costs
Church operatlons
2024
Total funds
2024
Totsl fund8
2023
Communication and IT expenses
Light and heal
Repairs, m&nlenance & deaning
Insurance
Training
Leg81 & professional fees
Subsciiptions
Administiallve & offtce expenses
Building security
Depreclalion
Mortgage inter&sl and bank charges
5.169
73,456
38,360
8,531
126
700
6,124
37,021
1,596
6,949
22,471
5,169
73,456
38,360
8,531
126
700
6,124
37,022
1,598
6,949
22,471
5.867
55,590
32,508
762
795
2,896
19,545
1,582
6,949
20,202
200 503
200 503
146,496
Govornance costs
2024
2023
Independent examiner fees
Accountancy and other seNices
2,500
4,591
3,072
3,587
7,091
Staff costs
The average number of employees calculated on a full-time equivalent basis was:
2024
No
2023
No
Employees
The staff costs In respect of the above employees were:
2024
2023
Wages and salaries
Staff bonus
Soclal security costs
Pension contributions
66,000
5,000
770
1,9BO
63,500
6,000
2,407
2,264
73,750 ￿171
No employee received remuneration amounting to more than £60,000 in either year.
Paga No 140117

The Peace Movement
Charlty No 1123497
Notes to the flnancial statements
for the year ended 31 March 2024
8 Trustees, remuneratlon and expenses
During the year, no remuneration or benefit was pald to any of the Trustees (2023,, £500).
During the year ended 31 March 2024, no expenses were r8imbursed or pald directly to any
Trustee (2023 - £Nil).
9 Tangible flxod assets
Flxlures & Computer
Flttlngs Equlpmènt
Motor
vehl¢les
Premlses
cost
Leasehold
Property
Total
Cost
Al1 April 2023
Addlllons
235,631
1,562
7,200
180,775
615,022
1,040,190
Al 31 March 2024
235.631
1.562
7,200
180,775
615,022
1,040,190
Depreclallon
Al 1 April 2022
Charge for the year
224,472
5,818
515
515
7,2ry)
180,775
6,767
616
419,729
6,949
At 31 March 2024
230 290
1.030
180.775
7,383
428 678
Nèt book valua
Al 31 March 2024
530
607 640
613 511
At 31 March 2023
11,159
1,047
608,255
620,460
10 Debtors
2024
2023
Prepayments and accrued Income
1,624
8,636
1,624
8,636
Credltors - amounts falllng due wlthln one year.
2024
2023
Bank loans
Trade creditc
Other laxation and social security
Other creditois
Accnjals and defetred incorne
17,154
27,094
1,407
5,266
7,565
17,402
5,335
1,530
4,924
23,B32
53.023
PageNo Isof 17

The Peace Movement
Charity No 1123497
Notes to the financial statements
for the year ended 31 March 2024
12
Credltors- amounts falllng due after one year.
2024
2023
Bank loans
236,462
254,612
236,462
254,612
Included wlthln the above are amounts falling due as follows:
2024
2023
Be￿een one and two years
8ank loans
Between two and flve years
Bank loans
41,778
42,877
Over flve years
Bank loans
178,690
13
Charlty Fund8- movements in the year
Balance
1 Aprll 2023
Income
Exp8n8e
Balanca
31 March 2024
General fund
Reslrlcted funds
421,7
49,703
477,366
(556,151)
342,915
49,703
471,403
477,366
1556,151)
392,618
14
Analysls of funds
The group's net assets belong to the various funds at 31 March 2024 as follows: _
Tanglblo
fixed
assets
Current
Current Long Term
assels Illabllitles) {Ilabililiesl
Net
asgets
General fund
Restricted funds
613,511
24,352
49,703
{5B,486) (236,4621
342,915
49.703
613 511
74.055
58A86
236,462
392,618
Page No 16 of 17

The Peace Movement
Charlty No 1123497
Notes to the flnancial statements
for the year ended 31 March 2024
15
Pension commitments
Th8 charity operates a defined contribution pension scheme. The assets of the scheme are held
separalaly from those of the charity in an independently administered fund, The pension cost
ch8rged to the SOFA r8pr8S8nts contributions paidlpayable by the ¢harlty to the fund. At tha
balance sheet date. amounls totalling £440 (2023 £385) were payable to Ihe fund and are
included In creditors.
16
Related party transactlons
Durlng Ihe year, no payment was mad8 to any of the Trustees (2023.. £500) and there are no
outstanding balances owing between related partie5 and the charity at 31 March 2024.
Page No 17 ot 17