Charlty numbor: 1161432 WORLD PEACE FLAME FOUNDATION UK UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
WORLD PEACE FLAME FOUNDATION UK Page Refer¢n¢e ond •dmlnlgtrnllv• d14 of th• Charlty, Its Tru•loM and advl•or• TruJtee¥' rwi AwouTrt•nV* report ststom¢nt gf tlrnnclal a¢tlvhlv¥ B•laneo 8 Notss to the flnan¢l41 st•tom•fti• 10-17
WORLD PEACE FLAME FOUNDATION UK REFERENCE AND AOMINISTRATIVE DETAILS OF THE CHARrrY. rr8 TRLisfEES AND ADVISERS FOH THE YEAR ENDED 31 MAA(X 2021 Anwn Jcn85. Char Sawlri maClSh Ireslgwl 17 May W21) Marfa DO1&1 Johanna CoFPg Ctharfty rngl•tsr•d 1161432 Prfnclp•l offl¢• 126 MOr Grggn Ro& Ep$om Surrey KT198LN Crowe U.K. LLP ChBrtorBd ArUntants Bk Ccunty House RouThls Green Roa(1 Qry Wesl MJand$ B69 2DG Pagg 1
WORLD PEACE FLAME FOUNDATION UK TrUSTEES' REPORT FOR THE YEAR ENDED 81 MAHCH 2021 Tho TfUStg8s wosent annual rèport toggthgr wilh the lina1 slatgmonts ol the Chartty for the 01 2020 to 31 March 2021. The flnarn?J slalements havg bpon 9pared under the N8t01 cost nventIOn Vlllh Items r8cogn15ed at ¢ost or tran$athn vue unlgS$ Otherv•i$e statod in the relevant notss to th accounts. The financlal statements have teen prepared In aeeordanee wth the Statement ol Recommendad Pradcè: Accounting ReFKJrllng by Charrbes prepariry Ih9ir accounts In ac¢ordance thè FlnanGW Rep)rtlng Siandard gTWic8blg in thg UK ar&J Repu of Irdond IFRS 1021 Lsuod on 18 Juty 2014 and Finaal Reporlirwj Standard 8ppllc8ble In th? Uiyted and of IrelaTrY IFRS 1021 ar Charlueg Act 2011. Objeetlves •nd •¢tlvltl•• a. Poll¢l•• •nd oble¢llvM Our mwn affliv6ties arKI the groups wa woth vrtth w8 Bet oul below. All WPFF UK charltèble actiMlle8 are d8sbJn8d to womolg awaren6 of m&tlu ol resthThJ confilct at the FeYBonal, famlly and socbgtal lèvel. In settw obJ'e¢4NeS arKI plwning lor acbvities. the TruBtee5 have glvon due corHKleralton to gen9Tal guKJance I¢ShOd try the Charty Commi88ion relatlng to bgn8fil. indudiro the guklance 'Pubfr¢ benefh.. runnlr#J a chartty IPB21'. b. WIK+ u¥•d and b•n•fit•d Irom our 8•rvlc In 2020-2021, our work has k8n thr8¢t&J to WfTMiunty events aml tD diBS8mrnallng the pe0 kag8 in Khools. ThB PJF48 avwlable to us In dellverlng wr woth are 1 volurrt¢ers. Thls, of course shapes th& ¥vay our wod( is ujgrtthn. We have In pkn str•ll$ to exwd our volunteer base and lo enwrg Ixoadgr gKorAphical (y)verage. Al this stage, our focus Is In those centr¢$ wlwg volunteers we availthe. T89 atIonS currenlty In¢1Je London. Ne4th Wakn, SeolarKf. Manctrwler and Leeds. There L8 also a gr(Ming presen¢e in PJJ¥tr4lia. ¢. Eng•olng 8nd •duc•¥ tho publlc In commuths, our locus has been on èThJaging MMUnty members in fundrSIta and awareness actMIl. ThB emphas15 on lundroi5ing h&s to &8t8tAi8h a Steaty 80urce ot lrtome in Ihese first years to onsure lh8 charfty ¢xn prwde the S0CeS we are 681 up lo do1. Duo COVIO-19 thgr8 was ts) WPF knndr8igng actmty kn 2020-2021 excw lorpeo vtho alreody(lonate throwJh standing (xdgrs. c(ta¢1 wilh commurthy grouF6 Is a pr1r avorno lor tho WPF Foundotbn in promoung and raslng awareness. EqulFped vAlh the educatlonal matthi$ by thg FoutKlalion. ran be pro-athe In txlwlnu abtyrt hwmpnlous out(x)me5 wn there Is Fntial for confirct in 9rydaY $ialK. Page2
WORLD PEACE FLAIIE FOUNDATION UK TRiISTEES' REP¢XT (coTrmNUED) FOR THE YEAR ENDED 31 IAARCM 2021 NxhlovemeTrts and Porf¢m#nc• a. M•ln •¢hl•voment8 ol Charlty From Septembw 2020 unll January 2021. wv h&kl a WPF Glubal Vial Walk for Pe. Thls Irwdved Individuafs aryl gchods Sn many countries. including UK Thè Nelherknds. Germany. FrarK. Swlts¢rfar¥J, Bglglum, Turt(ey. Jordan. Ini4 Kenya, $tralIa. AJrtarctka, Arg9ndna, USA arnl C4nad& C1th9n from 8chcM)Is around the globo created FOonts PeAe8. eXpSIng Ittr $1)n foi pèa arKI connocllng wth other parti¢ipatiTrJ 8cIN)ols. More than 6.000 thlklren and t8ach8rs vme Invohed, and r8celv&J many message8 of akveci4tion aThl SLVW(. FDr èxamF48. from the headteachw at West Lodge Prfrnary School In LorKlon'. are very mLth eiioytr¥J this ¢rgatN& aclthy and fed ampyhwed atxjul contr1tsAing toward8 Pgace. They d80 feel exLed that tY are part of a gknbal proje can connect wth ¢hi4Irgn in 8choclB around the d.. The mèswes for peace the chlljwrn wrote on Footy#lnts tc Pw weo irwiraifjord and sh(AYed tho chikdTen'$ awweness and Ihtyr d¢ep dgske lor a p8acoful, klnd IJ. Chlklren wèrg inypked to caro for the enr9M?rrt ty a SUFWtive message from Princess Ireng van Llppe- gstgrfiold of the NelherlarKls: 'tt 1$ impcrftanl Ihat we human ts'n9S do ulerStand Ihat natur8 Is not sometling ffgrent. a8 we are part of natwe. 11 deptete th• 8CAK¢OS Otthg earth, we lete the 60rth." The wa¢8maker Safj8h Kumar reminded chiklren that.. 'We can rlse at>)v8 (wr narrow and petty divisions and edebl? the derSty of cutture8, colour8. Castès. rdwan$, ra(, natK¥IeS and poiirtcal affilia10.. t)uriry lh8 WPF Gktal Virtual Walk for Pee. pup15 madg contact wtth othw PLplis affjund th& vthl and 8ev8ral schwf5 are now keeplrvJ in cont vAth Otr. Chlklrnn al80 contrtwied dips ol ltrtslr artw¢¥k. $Ing arnl da1r0 sent thek person messagps of One gxarn was Y8gol Yr Hgndrq Tr£lvw in Argenlna sent a dip In three laNJuages arAI sarq Welsh. In 2tr20-2021, th8 WPF Foundation tJ< 0 updated our irrfomiatlon lea18. books arky 0fr Atwature. In Itkjn, W0j Peace Flame CaTh1 Contin to b8 olsMbiii8d regularty. Thank$ to vc4unteers, tha educational pe package for schoo. Peacg In Your Hands. ha5 now been translatsd Into French ts n rylng uaod In Switztrland. b. Edu¢atlon•l p•ac• patkago In 8chool& P8ace In Your Hand8 Our continued focus18 to th 5olwls to eng9r awarerS In tho emerging generatK>ns. Thls year has seen a steady aumUlation of scFKJo15 b8CDming irNoW in the Wthj Peace Flame Education project. Participation at Ihe 8chool levd 19 especlalty ¢nUrag1r&. There We rable ielums lo achit wn chlldrgn are introduced to vth Arch5] 088mond Tuw has de8¢xb8d as 'expressions ol our shared humanlty. Thgre Is potential lo rce thè 8rnwgencg of confikt at the very grassrootB when children learn to Co-opwale lor the common g¢)od. makitYJ thelr YKJdd one where and sharlrwJ matter morè than ihlngÈ: Wre lol¢ran¢e aThY underslandnll ara lo$lereAI avMI justk8 brIS hop8 arAY seGwrity to 1, From January 2021 unUI 31st March 2021, Ihs WPF Educa11onal Pad( for JUrOr Scw)ob y5 delNered In $8vwal new sctrthlg: 3 schools In London, 6 In LèYs 3 In Walgs. Pdge3
WORLD PEACE FLAME FOUNDATION UK TRUSTEES. REPORT (coKnNUEDI F¢JR THE YEAR ENDED 31 MARCH 2021 hl•v4m•nts and l>•rtomonw (¢ontlnugd) For our medfcal camps In Gula India. actmties ceased In early March 21 due to COV11>19 and Ic<downs. Modcal camps re51arted In De¢¥mber 2020, arKI 4 athlits0n camp6 wer6 wn bemeen Ccember 2020 aNI March 2021. Threè of these ¢amps b9fittl 550 pecple th clot8 distribution, aNI camp provhled fc&Jd 8uppYw 10 30 families who were destttutè. ¢. Plons forfutur• p•rlod• AbrJsth worfvNJ tho oducaJon pack In SGhool$. we are helklrwj 8clhwt8 to esiabjsh ac¢essfde, Inexpensive, V1$$ t¢$¢$ in th8k sth)d grounds. Our WO in Indla cofttlnu¢s to exp8nd to help mor people. Flnanclol revlew . Golng con Aftw rn&klng eN]ulrfos, the TrLthes ha a reawnab18 e¥pectatlon that Chaiity has adtsyuale r830urces to continue In cyeraffiond gxl8lwKe the foreseeab future. For this reason, Ihey con118 lo &dopt Ilx golng coM ba818 In preparlrvd the nan¢1 statements. Further dall8 r8gar¢Jng thB adOPon ot the ooina ncern basls can bg fouThJ in fv aonr9 polSdes. b. Ro8eTVeJ pol Trustees have eStak8hed thè Tru515 Rp¥grve Pdicy wth refere lo CharNy CtynrnL85k)n guldarKe ICC19} and L0jnting 3tarJardB IFRS 1021. Cash fkw18 carefuly Monhoj on a ¢MtinLRng basys to mge1 INS jeGtiVg. Tho Trusteos do Trjl Intend to trIk1 resews for unspecifi1 wrpDges, bul rather to aFWy al incom& to direct charita@ PL¥Pts8ts. Ttris intsn1 1$ 9slab]ishgd annudly when the Trusie¢$ agree the budg91 for the fortt£omlng year. The unrestrthd re8erv88 at the perkrtl end re £27,082 and no restricted fuS. Prfnelpal lIng Thg principal futvJing sourc68 lor Worfd Po&F Flam9 FouThJaUon UK are SjnIary donat10rn8 and ts a88OtiBted oSft dd. d. COVID 19 We are I)peraon agaln, paTOwlaty worknng vlth WQfl(hYklo ard our Mlc aclivltk*S in Ia. Tho education pack is teing tran?j into S9vW rnoie Lgnguages, IlUdIng HiThJl. A medlcal camp was held In GujArat on 281h Novomber 2ffa. which Wped 9YJ Cle, of whkh 138 were lound lo requife calaracl operatths, for whlch thay hav6 b88n glv8n dat85. X) P15 ol spectades 7Aere distritrArt4d at a conc8ssbnd rate and m(Ye than 350 paiignls wer8 gNen free m•Jl¢ine. Pagè4
WORLD PEACE FLAME FOUNDATION UK TRUSTEES REPORT {CONT14UED) FOR THE YEAR ENDED 31 MARCH 2021 gtru¢lur•g governan and nwnaggmml Constltutlon organls&ti(m18 a charltable hrporated Organisa)rt ICIOI. n¢rypNated a1 TggI61ared a8 a tharity On 27 Pyll 2015. The th4rrly was ostsuished under a M¢moraTKlum of Assoclatlon wthich sei out the wrposos and p)wers of CIO. WPFF is govemed undw rb Art of SOciation. All dethlDrkmaklro Is uThkrtaken In accordgncg rfth those Art. trustegs managè the affars of WPFF at mlnuted quart8dy moetings and monthly monagomanl m6&llJbJ¥. wtth thJ8 regard en8urfng that all WPFF ith"alves atvJned to the wrFose4 of thè organisatlon. b. lknthod• of •ppo1Thtntt or d•clkJn of Trut••• Tho of Ihe organisalhjn are managed by 4 Boar(l of Tw5t995. who arè tru5t8e8 for the of ¢harity 18w. T rKJmlnated Irugtees we aFpoirrt8d to sgryè for a Pe¥j of thw ygars, aftgr vthSch they mu8t b8 rn. obcted at the next annual g8[81 meelirq. There Is powar to ow)Int a min¥mum of thr99 trustoes aThJ maxlmum oftrM8fvo. I the trustees gwe theii time ¥duntarf recelve no personal bBnelit trom WPFF. Any expo86 reclalmad from Ihg Olty are sgt oul In noto 5. Pol¢lM adopled fortho Inducuon •nd tr4lnlng of Trn8toe8 The current trustees arfr reaty f(lar &h thè pracllGal work of the WPFF. To en8um our exostkng trustees, knowleth3è Is mnt. we prthfjde ongoirg IrriAwig for them In the dulitss of trustees and In fin8ndal management. d. Organ18alloMI 8ini¢tuY• and decl•lon m•kkng The WPFF 1$ managed by the Board ol Ttres- currently four in numtw- th) are r88ponsibl8 lor strat8 direction and polty making. The trusttss are $uFport8d in admirrist8ring WPFF InMth•s by volunteer area (xFordlnalor8 ar¥J othor volunteers. Th8S8 CO.OTdlnath take r8ewnslbNNy for dato.doy operationd managemerrt of WPFF activit& in trknlr argas. onsurfng Ihat Commuty livi[ aro carrf (Mjt In Ilne wlth good praell and Wry5¢8 ol WPFF. Th• cwrdirHtors report lo Ihèloal trust90 who. wih the other tW8tees. mar4es the day to dAy A(aMlig5 cf the WPFF. CorrgsprJnd•nce Includlng erna Is deal vAlh by admlnblrallve vokrtoern urKler the gukla of Rita Qoswami. the P•Jmlntrthe OfN¢w. Th9 aetounts. reccids aTrJ mlnutes of the truste¢s are MaIntr by 4dminislratfv8 volumeor8 under t gukdanc* of RltaQo$wami, Admini8trath Ollteer. ?. R•laled pArty i•l•tlonohl Avttrf eU1h, Trusteg. Is a Tnkqtee of the Stichting Wortd Pew Flm FouThJation In th8 NrIa Page5
WORLD PEACE PLlE p1NDAy4 UK TrUSTEW REPORT ICONTINUED) FOR THI YUR EPIXD 31 MAACH 2 Strucfyr•p gov•mart•and m•r4•m•nt (o•nllnue• f. IU•k mwgem•nt The charfty has a comwthnsfv• dsk manag•m•M •. Thls pow rwwlr•e itsi a tsk rngist•r 15 malntahl whweln risk$ are InI¢(l, Ihelf imw b5 qu8nMie(l aThJ straie¥es are d•vefoF•Y and pjl In W to enhor avert risks CY rnlwJwe IhBlr InifHI has bBen done to rlsks and rewo Irm in k rOgtr. A Irks to ii5k Idenffiutioft 48Msgm8ntWè5 cArt on th0 19lh 2019. Where arwrialo, JYSlen ty Pr08 tren e51&14W to the ths h tharfty may lao. The chi¢f are88 of rfsk for WPFF ve: ltre rlsk or•rd by our prth• of di8trthubng word fwne caTr $afety 14mp5, phW or lon81 ham) from Inawwlato Lse ol ¢oth f• ¢y 18chniques, and Pthb81 hafft to ¢tikknn advffs. Intern c(Mlrol are mlrirnts•d by oppfyryw woc¢thr¢s kn auiWskn ol lknaivxl trans&tins and the estJli$hrn¢M d projg¢ts. pr10¥ aro in 8 lo engu ComnE• heath salely 01 staff, lurteers, dlents ark1 ¥itm to Ihe oflre. Thls also ap$ to althed WPFF rewèsgrnatNe8 vAstr Sch1& artl comMY cenirès, ok. Stsrd wblc Ilat¥ty at wo1081 irthmnty 1ftn$ arn Stsl•rn¢M of Trn•te•s' r••pon8lblllllo• The Tru8tees are I•$psl9 lor w¢p8thJ tho Trust. IWI arnl ts finaw ftt•m8nis kn a(wlaru 4lth wllc¢ I arrtl Unibo Kryoom Aminbrvj StaTrJards (Lkniied lfjrykni GelY Arminllig PradFcel. law 10 ¢hWIt In ErvJland a Wath r•quw6s fv TnBtee8 to stsmerts for eh Ihwaal wlKh uyve a tru• arKI fAlr of affays of thg Ckrty and #B thiming vswrc•s 8pplkaiiDn d re8OWCtt. •NI 9xp9rdre, lty thal pe Ir4 Ilw fmat>ial $141omonts. the Tru$M aro to: surtablo eNin0 p?185 and Iln Itrn co8n. (88rve lh& m¢iws cl tl ch¥1$ SORP IFRS 1021: mak• judgments a1 QUntIt¥j estwnates Ihat roa¥ llnd wnt. swe wh¢ih¢r ar$4Kable UK Accounllr¥J Standards IFRS 1021 Iwe bg¢n loll)Md. ID ary m deparfwes ¢Jisdc4ed exOwnwJ In the fiftal 8tatsm•nty: epare ttb? thiardel 8tatemtnts on the gL¥rYd conwn l) K14Vtsio w•wrrtO Ihal th Charlty ll ¢onUnue In tLBlness. Tlw TNst•8$ ar• row5ibl• for quale rnoowd8 ih8t ore tt> expwn the Charty8 Ifsngoclons ar•J tftsdrAe wrth r8gson8b19 acuJw at ony Im• t lInaTr ptssibon of and enat4e them lo ensur¢ ihai # fmanelal Statem1$ With Charilios A(1 5)11, Chorty IpdxJts and Rew7n61 R?)08 2008 an(J Ihe ol t Memmndurn ot 5. ny abo r•sF4Jn5b for saleguardmg lh• aet3 of ar•J hence for thktivJ I03b19 • lor weri athl dtrtstion ol fraud and other tyLlartio8. 4vo¥•d the monaMofthe bc¢rd cl Trust +Jlh* be1[ ty, ¥14wyn Jon•i ICh8Yot Tru8t••s} 8-IL-2oii
WORLD PEACE FLAME FOUNDATION UK CHARTERED AccovKfANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF ThE uNAUDED FINANCIAL STATEMENTS OF WORLD PEACE FLAME FOUNDATION UK FOR THE YEAR ENDED 31 MARCH 2W21 We have prepargl for your approval the fin8nC statements ofworld Peace Flame Foundalvjn UK forthe yoar onded 31 Mar¢h 2021 whtch comprise the Statement of financtal actlvllles, ts BalarK8 sheet Bnd the rèlatèd notès from Ilw choritV$ a¢¢ounlirw rncord5 and frTr InfonnatK)n and 8XFdartatn8 Y have given As a membwflrm ofth8 Insthirte ofchartered Aco)untants In Elwand and Ws {ICAEWI, are subioct glhical arKI olh8r professio requtrement8 Ich are del8lled 8t hfyjJh¥w.rca@w.C0mlen1mernbe¥shlpl rggulation5-Standards-andwid8nrg. TIMS repcrt 18 made solely to the Trust998 In cordara th the twms of our 8ng8gement letter dated Idatel. Our work has been undertaken sobly to weFe for your approv81 tl finanGlg18talements ofworld Peac8 Flam8 Foundation UK and state th06e matters ttot ¥ have agreefi to ste to the Tfuslees In this ¥xl in aG(y)rdanGe with ICAEW Tnl fel8ase TECkK17116AAF. To the fulleBt extenl permitted by law, we 8(tspI (Y assume respon$lblltty to anyrJn8 other than Wortd PeKe Ftamo FoundalK UK arwj its Tru$t895 fly our 4w)rk or for this reporL It duly to SUre that Wortd Peace Flame Found8lh)n UK h¥5 kept &Jequate accowtyng rerdS and lo prepare staiuttyyflnIal stalements that glve a true and fair view of the assets, liabilllles, flnanclal PO8ftlon and not incoming resources ofWcld Pea Flarn FouTrJatbn UK. considerthalworfd PeaGe Flam6 Foundalk)n UK is oxempt from th8 8tOtultyy audrt requirement for r. We ve not been Instructed ID C8ry (Mrt an audit or revlew of Ihe nar[al statemènts of World Peace Flame Foundatlon UK. For th16 rea$on. have not vw61 the aeeufacy or romrAelen055 01 the acLountirvJ records orinformaln and 8xpL4l0ns w)u haveglven to u$ and we do noL thwefore. express ony opinion on stattrtory finandal stataments. CROWE U.K. LLP Ch8rtw6d A*¢Lwntants Blxk Cwnty Hou88 Rounds Grean Road Oldbury We81 MKN¥nds 869 2DG 5 January 2022 Page 7
WORLD PEA FLAME FOUNDAMON UK STATEMENT OF FIIIANCIAL ACTivmES FOA THE YEAR ENDED 31 MARCH 2D21 Total lund8 Totsl tunds fund8 Incom• from: Donaln8 and gacte¥ Other Inoomo 8m5 18.104 Total Ineom• Expendlture on: Charltabl8 tm119$ 835 11104 10,517 Totsl •xyndllurn 664 10,617 Net movThnt In lunds Reconclltsllon of lund•: Total funds tyought fomwd Net movemont in funds 2,587 26,311 26011 2.587 Total fund carrl•d lotward 27,082 311 The St*mont of FInaal ActlvM88 Sncludes all gths and bjsses rwJnlsed In th8 year. notgs on pages 10 to 17 lomi part DI Ihose financw statemwts. P800 8
BAANCE SHEET AS AT 31 MARCH 2021 407 8¢818 Cath * txnk WKI In hernl 761 37.567 Crndltys: amounts fllwig wllth o 10 (1 {12.256J 25.311 27.LY2 24311 25.311 Ctrwrlty funds 12 12 Urwesirict•d IvrKIs 82 2&311 27082 311 Th•ffinwKtalslat•ments arwo¥¢J lsed lor rmue Twoe8 ml ned on tl iy.. Tr18} /" Th• on pag•s 10 17 lrym pArt 0l1tr*80frw1d sW•m•nl•.
WORLD PEACE FLAME FOUNDATION UK NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 21R1 GènorAI Inlormliion The organlsatlon Is a charitat4e inc0rated otganlsauon IGIOI, Incorporated and Tegistered as a charity on 27 12015. The prtncipaf offv is 126 Green Rc4d, Epsom. Surr9y• Kr19 8LN. The tharW8 reolsterad numt 1$ 1161432. Accountlng pollel•8 11 Bad• ol prnparAllon of flnm¢l•l •tol•m•nt4 The flnanc&l 8lat8mènts havo bn prepared kn acoydanee ith the Charitigs SORP IFRS 1021 . AccoumirYJ ar ReFortFno by Charttl98.' Sta18ment of R8cornm8nded Practice apPIats to charitt8s prgparing their accwnls In accoTdanGe wrth Ihg Finarla1 Repordno Standard aFpllcable In the UK and Rewblk of Irèknd {FRS 102) leffecllve 1 January 2019), thè FIrnar Reportlno Stthard appllcable In the UK arnl Flewblic of IrdarKI (FRS 102) Ihe GlfrUe$ Act 2011. The financlal stat6monts have been prepared to glve a 'iru9 and and hav9 d8part8d frn thè CharibÉS IActounts and Reports) Regulation5 2008 only to thè axtent requlwl to providg a Yrue and lalrf ew. Thls departuré ha8 involved lollowlng the Ch•itles SORP IFRS IQ2) wlJlsh8d In October 2019 rather than Ihe AccounUNJ and Rsp)rtiTrJ by Charthes: Ststement of Recornmend&J Pract df8Ctive from 1 A11 2005 vthith has $inco been thdraWn. Worfd Pgaco Flame Foundatton UK meet$ ihe detilMtn of a wbfic benefft enttty under FRS 102. Assets and fjthkties arg inilwlty rocogniwd at hthrirAI cost or transactron valw unless othemlse stated In thé relevonl accounllro pollcy. 2.2 In¢om• I Incorne Is recountsed orKo tha Charlty has entitment lo iho Income, A Is probable Ilwl the income will b• r•¢gwgd and the amount of inLY)me receivo1)19 rAn bg mèasured reliably. 2.3 Expwmllture Expgndllure is recognlged ortt ttre18 a legal or Constructp C4)I¥10n tr) lrnr¢fer economlc bgnefft to a thlrd party, 11 Is probablg Ihal a translgr of economtc b8nelrts wrnl be required In 58tt1gment and the amount ol the Lilig8lion can b& mgasured rella1y. &F¢rbJilure is cla64fied by g£tIty. The costs ol each advtty are madè up of tot810l drect costs And sha1 CfJsts, includlno SUFPDrt cos18 invcfved in undgrtthng wh activty. Dlrect L¥Jsts attrftxrtat48 lo a sirwJle actwty are allated dlreciiy to that athty. Shaf•J costs cothbtho to mop than ono aCtty a1 supwn costs whkh are attribvtabl8 to a single actNity are apporiknned betsn Ise activlues on a basls consi5tenl vllh the use ol rgsouroes. Central Staff c06ts are dlocatsd on the bo96 01 time 5penL doweclalion eharges alICed on ttte portw of the ass•l's use. EXpdIture on GharWAe actlvilles Is IncLwred on dlrecty und¢rtaklro th8 actth whth lurtPer th& Charit8 c*iocliv¥s, 8s 8$ any assoclatsd SUFPtyt costs. l exndituT0 iy Inclusfve of I9c0vabI8 VAT. 2A Stock8 St5 are valued at the Iw ol c08t and redlsauè value after m&hiTrJ due allowane9 obsolgle arKI 8low.mj slocks. Cost Ind8$ all dlrgct C¥)sts ancl approwOWa 0pn of fixed and varLgbl& overhe&ls. Page 10
YIORLD PEACE FLAME FOUNDATK)N UK NOTES TO THE FINAPKIAL STATEMEfrirs FOR THE YEAR ENDED 31 MARCH 2021 pUn11n9 pollcle8 (eoThtlnu•d) 15 Liabilili&4 •nd prry4l¥lons LLthIAs arg r8n WI ih8rè 18 an (tIlltn at th8 $et date as a rosult ol a past event, rt is probable thai a Iransler ol eTr)nornlc bgnefft VlM be r•wIr1 In $8ttknienl. the Èmwnt 01 thè Setdemenl can be e8timattrJ reli. Llablllles affj rooni$8d al the amount that Chority anticWe8 k wll pay lo settle the deb or lh• amount k has received as adVard payments for the gc$ or sory1¢es ri must womdè. ProvfjDn8 are measured at the best esumaie of Ihg omourts requtrwj to Sett the oblioitsn. WIre the effect ol the lime vBiue of MOTW is materi, the prO8n 1$ based on the prB58rt vdu& of Iho&o amounts, discounted al the wfrlax dI8Unt rats thai refkncts Il risks ycthc to the labilty. Th8 unwinding of the dlsc#)unt Is recoonised in the Stalement of finwKid actMlè8 as a firnnrA cost. 2.6 Golnll nCern Thg comkwny has Gash re8ourc98 and h88 no requlr¥m8nt for extemal fundng. Th9 trustees have a reasonth expectabon that the MFnY has adequate resource8 to ts)nfjnu8 in operational exl8tenc8 lor tl forese¢the future. Th58 is also tskirvd into aUnt t1 Impath ot Covld 19 as dwlwd In t Trust998 ReFOrt. They CDntinu• lo believe the golng (xincam basis of accwntlrvJ apprcywts In the annu 1knand slaloments. 17 Flnand•l In•trumgnl8 Shortlerm dd)tor8 aro measur8d at tranwllon prlce,1888 any Impwrmert. Cndhors Short tgrm credltors are m688urvJ al tran1 wke. Cash 18 r4)r880red ty wi hryj and d8ft8 knrflh finardd 1iistlknli0 repay48 w111K on notth ol not rnOf8 th 24 houTS. There aro rK) comrA9x fi1 knstruments. 2.6 Fund accountlng Generd lunds Ire unrestrfcled fuTrJs whth arè aV1@bIg for use at the d18crnUon ol the Tnle8s In furtPwanc8 of ts genwd ob8$ d the Charity and t¥e r•)t bggn d8sionat¢d for other purwses. Rostrkt ffiJndB ere fuThd8 vthlch arn to be u8&J In ora with specffic restrktions Imp08•J by donor8 or which have been by the for pthcular purposes. The costs of raisino and &lministwino suth fUS are against th luTh The aim and use al each restrtcted fund Is sat OLrt in the notes to thè finanrjal statgments. Volunte•rn The CharNy has in the r•ion 0115 vduntews. The valuo ol Yunte8 Is not indu(d In these xwnts. Paoe11
WORLD PEACE FLAME FOUNDATK)N UK NOTES TO THE FIIIANCIAL STATEMEiirs FOR THE YEAR ENDED 31 IIARCH 2021 Incom¢ fmm donat11) Ind Wl•• Unrairfctod lund8 Totsl lundg To Donauo 085 11104 Totsl 13, 104 13,104 Othor In¢amlnq r••ourc Totrl Totsi funds Other ino)mlng resour 250 An8ly818 of •Xptu on charftable actlvltles Summjry by fund type R••trkt8d Unr•8trlcl8d nd• lund• Total Tot* Gosl of PJJMlnp Char 6.564 10.517 Tota12020 197 io.&YJ lo1? Page 12
WORLD PEACE FLAME FOUNDATION UK NOTES TO THE FINANCIAL STATEMEK FOR THE YEAR ENDED 31 MARCH 2021 Analyol¥ ot ¢xp•ndllur• by •ctiviti Irvltl•s hdertakan Pport 2021 2020 Co* ol Runnlng Charity 1.470 10,517 Toia12020 6,537 10,517 Analy• of dlr•cl ¢a•ts Ch•rftab Trtal fund8 3,218 3,319 EdLrthicffl packs Wlmbe R880$ Donatlons iio 110 1,470 1A70 6A37 Tolal 2020 6,537 6,537 Pag813
WOFILD PEACE FLAME FOUNDATION UK NOTES TO ThE FINANCIAL STATEMEtfrs FOR THE YEAR ENDED 31 MARCH 2021 AMI> ol •xp•rnlllvr• by activiti Iconllnued Anal1$ ot support costA Charllablo actmli 20 Total fund• 2021 ret8phone aNI intemet co3ts Insurarrce sCptknn8 Printingi Fostage arkd stalbnary ProfesBhJnal f988 sUry Accovntancy f998 Ba charue8 1,584 143 143 275 120 1.016 67 1.650 11116 97 1.680 Tota12020 Accountaw lees retaie tts Ihg wlslon of aB8urarKo 6ervices other than or Indep8ndwrt exaTnlnation. Tru8t8•8' rgmungrallon and axpènwi Dur1rwJ the Jew. m TrtJstèe8 recived any remOr8110n 010th8r benèfits (2020. EML). Durtng the gnded 31 March 2021. no Tnthe &xpenses have been incurred (2020- £NIL). Finish•d aThl lor resalg 342 Pago 14
WOFILD PEACE FLAME KIUNDATION UK NOTES TO THE FINANCIAL sfATeMEiirs FOR THE YEAR ENDED 31 MARCH 20 D•btovs Due wnhln on• ymr Othor debtOTS Prapayments and accrued Iorn 407 10. Crédltm: Amwiits tslllng wlthkn y1 2021 Cxher loans Other cr&lltorÈ Awuak and (knferred Inajme 12N97 10,606 1,650 16,679 12256 11. NIn¢la7 in8truments FIMncll ••#ts n1 assets measur&1 fdr v81ue through income and expBTrJ[r8 36,818 FlnarKW assots moa8ured at amortlsed cost eomfv cash bank arKI othèrdebtcn. FinwKld liat411Ues measured at amortised cost comprise accruals and hr loans Pagg15
WORLD PEACE FLAME FOUNDATION UK NOTES TO THE FIIANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 11 Stst•rn•it of fund• Slatement oflund#- eun¥tt ymr B•l•nc• at I 12020 31 March 2021 Incom• Exp•rKllturo Unrn8trlcl fund• General FU18- aw luThas 25111 (6W) 8l•temonl gf funds. prlor y•fftr 8alanGY al 31M8 BaLwe al l Apri12019 Int Exn¢e Unrestrl(*ed lund¥ Gernrnl Funds - all funds ,527 13,104 (10,320} 25AI I ArI¢l•d fund¥ Peac& in your hands 197 (197) Totsi ol fwd• 22,724 13,104 (10,517) 24311 Puce In yow h•nd& SLWIrt IF¢ k¥wwn OF WPF gthKallon pa¢kages Pag• 18
WORLD PEACE FLAME FOUNDATION UK NOTES TO THE FINANCIAL STATEIAENTS FOA THE YEAR ENDED 31 MARCH 2021 13. Any&l8 of net a81¥ fvnd8 Analy•l of bt •M•ts b•l¥M•n fund•- ¢urwt Unrestrlctod lunds Tot•1 CLxient assets Crthrs due thIn one >*8Y 43.761 116.6791 44711 11&679) Total 27,082 27,082 An•ty•l8 of n•t a680ts I••n Iiiid•. prlorwlr Unreslrlctfj(I lunds Curr8rrt as80ts Creditors due wlhin oro year 37567 112,2561 37,567 (12256) Totsl 25,311 24311 1& Rol•t•d party tr•n5•Ctlons Al Ihe 31 March 2021 £12,49712020 .. £10,606) to Dru {UK), a Mmpany regk8tsred in EngLqnd and Wales. Rlla Goswamb, the ehartys admlnlstrator, was a dIrlOr of this company. She I1r8d from this FK6t from 21 Febwary 2017. Pagè 17