**Charity number: 1161432** ## **WORLD PEACE FLAME FOUNDATION UK** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2022** ## **WORLD PEACE FLAME FOUNDATION UK** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Accountant's report**|2| |**Trustees' report**|3 - 7| |**Statement of financial activities**|8| |**Balance sheet**|9| |**Notes to the financial statements**|10 - 18| ## **WORLD PEACE FLAME FOUNDATION UK** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022** |**Trustees**|Anwyn Jones, Chair| |---|---| ||Savitri MacCuish (resigned 17 May 2021)| ||Maria Doerstel| ||Johanna Coppens| ||Dr Edward Williams Hartfiel (appointed 28 December 2021)| |**Charity registered**
**number**
1161432
**Principal office**
126 Manor Green Road
Epsom
Surrey
KT19 8LN
**Accountants**
Crowe U.K. LLP
Chartered Accountants
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG|| Page 1 ## **WORLD PEACE FLAME FOUNDATION UK** ## **CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED FINANCIAL STATEMENTS OF WORLD PEACE FLAME FOUNDATION UK FOR THE YEAR ENDED 31 MARCH 2022** We have prepared for your approval the financial statements of World Peace Flame Foundation UK for the year ended 31 March 2022 which comprise the Statement of financial activities, the Balance sheet and the related notes from the charity's accounting records and from information and explanations you have given to us. As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/ regulations-standards-and-guidance. This report is made solely to the Trustees in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of World Peace Flame Foundation UK and state those matters that we have agreed to state to the Trustees in this report in accordance with ICAEW Technical release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than World Peace Flame Foundation UK and its Trustees for our work or for this report. It is your duty to ensure that World Peace Flame Foundation UK has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and net incoming resources of World Peace Flame Foundation UK. You consider that World Peace Flame Foundation UK is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of World Peace Flame Foundation UK. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. ## **CROWE U.K. LLP** Chartered Accountants Black Country House Rounds Green Road Oldbury West Midlands B69 2DG 6 January 2023 Page 2 ## **WORLD PEACE FLAME FOUNDATION UK** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022** The Trustees present their annual report together with the financial statements of the Charity for the 01 April 2021 to 31 March 2022. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011. ## **Objectives and activities** ## **a. Policies and objectives** Our main activities and the groups we work with are set out below. All WPFF UK charitable activities are designed to promote awareness of methods of resolving conflict at the personal, family and societal level. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Who used and benefited from our services?** IIn 2021 to 2022, our work has been directed to community events and to disseminating the educational peace package in schools. The people available to us in delivering our work are all volunteers. This, of course shapes the way our work is undertaken. We have in place strategies to expand our volunteer base and to ensure broader geographical coverage. At this stage, our focus is on those centers where volunteers are available. Those locations currently include London, North Wales, Scotland, Manchester and Leeds. There is also a growing presence in Australia. ## **c. Engaging and educating the public** In communities, our focus has been on engaging community members in fundraising and awareness activities. The emphasis on fundraising has been to establish a steady source of income in these first years to ensure the charity can provide the services we are set up to deliver for instance, a fundraising concert for India raised £6,082 in 2021-2022. Contact with community groups is a principal avenue for the WPF Foundation in promoting and raising awareness. Equipped with the educational materials provided by the Foundation, people can be pro-active in bringing about harmonious outcomes when there is potential for conflict in everyday situations. Page 3 ## **WORLD PEACE FLAME FOUNDATION UK** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Achievements and Perfomance** ## **a. Main achievements of the Charity** From July 2021 until January 2022, we have done several fundraising events, established solar powered world peace flames, supported schools to establish, peace gardens, creating a greater awareness of environmental issues, held community events and collaborated with other local and international communities working towards peace. For example, Preeti Kumar is the owner and Managing Director of Solan Public School in the Indian Himalayas, which has been named as one of the top 500 schools in India. Shirley, Preeti’s daughter, translated the pupil’s workbook from WPF education pack into Hindi, free of charge. It will soon be available online. This will mean that millions of children Hindi-speaking worldwide will be able to do the assignments. Preeti Kumar has been in touch with our London volunteer and plans for a WPF peace pathway and solar powered light are under way.Ysgol Llanllechid a local welsh school has also started collaboration with the Indian school in Solan In 2021-2022, the WPF Foundation UK has also updated information leaflets, books and other literature. In addition, World Peace Flame candles continue to be distributed regularly. Thanks to our volunteers, the educational peace package for schools, Peace in Your Hands, has now been translated in Hindi to be used in india. ## **b. Educational peace package in schools, Peace in Your Hands** Our continued focus is to work with schools to engender awareness in the emerging generations. This year has seen a steady accumulation of schools becoming involved in the World Peace Flame Education project. Participation at the school level is especially encouraging. Gwenan Davies-Jones decided to work with the WPF education pack and link Ysgol Llanllechid a Welsh school with schools elsewhere across the world. They are also going, to have a peace pathway and monument. A “World Peace Flame certificate” for schools has just been launched in October 2021 to recognize those schools who are working towards peace. Two schools have been awarded those certificates. ## **Indian Medical Camps** For our medical camps project in Gujarat India, activities since March 2021 to March 2022 have beenas follows: 3 General Medical and Eye camps have been run, servicing 1,425 patients in three different localities. 258 people have received cataract operations and 518 spectacles have been distributed. Outside of this joint collaboration has also taken place with local hospitals, General Practioners, Dispensaries to provide free prescription of medical supplies. Food and clothes distribution have also taken place and over 3,000 people have received help and 7,000 notebooks and pencil kits have been distributed to under privileged children to help with their educational expenses. ## **c. Plans for future periods** Alongside working with the education pack in schools, we are helping schools to establish accessible, inexpensive, wellness focuses in their school grounds. Our work in India continues to expand to help more people. Page 4 ## **WORLD PEACE FLAME FOUNDATION UK** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** The Trustees have established the Trust's Reserve Policy with reference to Charity Commission guidance (CC19) and accounting standards (FRS 102). Cash flow is carefully monitored on a continuing basis to meet this objective. The Trustees do not intend to build up reserves for unspecified purposes, but rather to apply all income to direct charitable purposes. This intention is established annually when the Trustees agree the budget for the forthcoming year. The total funds at the 31 March 2022 were £38,615 (2021: £27,082). Included unrestricted funds £20,093 (2021: £27,082) and restricted funds of £18,522 (2021: nil) ## **c. Principal funding** The principal funding sources for World Peace Flame Foundation UK are voluntary donations and the associated gift aid. ## **d. COVID 19** We are now operational again, particularly working with schools worldwide and with our medical activities in India. ## **Structure, governance and management** ## **a. Constitution** The organisation is a charitable incorporated organisation (CIO), incorporated and registered as a charity on 27 April 2015. The charity was established under a Memorandum of Association which set out the purposes and powers of the CIO. WPFF is governed under its Articles of Association. All decision-making is undertaken in accordance with those Articles. The trustees manage the affairs of WPFF at minuted quarterly meetings and monthly management meetings, with due regard to ensuring that all WPFF initiatives are aligned to the purposes of the organisation. ## **b. Methods of appointment or election of Trustees** The affairs of the organisation are managed by a Board of Trustees, who are trustees for the purposes of charity law. The nominated trustees are appointed to serve for a period of three years, after which they must be reelected at the next annual general meeting. There is power to appoint a minimum of three trustees and a maximum of twelve. All the trustees give their time voluntarily and will receive no personal benefit from WPFF. Any expenses reclaimed from the charity are set out in note 5. Page 5 ## **WORLD PEACE FLAME FOUNDATION UK** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Structure, governance and management (continued)** ## **c. Policies adopted for the induction and training of Trustees** The current trustees are already familiar with the practical work of the WPFF. To ensure our existing trustees’ knowledge is current, we provide ongoing training for them in the duties of trustees and in financial management. ## **d. Organisational structure and decision making** The WPFF is managed by the Board of Trustees – currently four in number – who are responsible for strategic direction and policy making. The trustees are supported in administering WPFF initiatives by volunteer area co-ordinators and other volunteers. These co-ordinators take responsibility for day-to-day operational management of WPFF activities in their areas, ensuring that community activities are carried out in line with good practice and the purposes of WPFF. The co-ordinators report to the lead trustee who, with the other trustees, manages the day to day activities of the WPFF. Correspondence including emails is dealt with by administrative volunteers under the guidance of Rita Goswami, the Administrative Officer. The accounts, records and minutes of the trustees are maintained by administrative volunteers under the guidance of Rita Goswami, the Administrative Officer. ## **e. Risk management** The charity has a comprehensive risk management policy. This policy requires that a risk register is maintained wherein risks are identified, their impact is quantified and strategies are developed and put in place to either avert risks or mitigate their impact. Initial work has been done to identify risks and record them in the charity’s risk register. A workshop to update risk identification and assessment was carried out on the 21st October 2022. Where appropriate, systems or procedures have been established to mitigate the risks the charity may face. The chief areas of risk for WPFF are: fire risk occasioned by our practice of distributing world peace flame candles and safety lamps, physical or emotional harm from inappropriate use or application of conflict resolution or mediation techniques, and potential harm to children and vulnerable adults. Internal control risks are minimised by applying procedures for authorisation of all financial transactions and the establishment of projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the office. This also applies to authorised WPFF representatives when visiting schools and community centres, etc. Standard public liability and professional indemnity insurances are in place. Page 6 WORLD PEACE FLAME FOUNDATION UK TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Stat6ment of Trustees. responslbllltles 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 A￿Ounting Practice). The law applicable to charities in England & Wales requires the Trustees to preparg finandal statemènts for each financial which give a true and fair view of the slate of affairs of Ihe Charity and of Ils Incomlng resourcès and application of resources. including its income and expenditure, for that period. In preparlng these flnancial statements, the Trustees are required lo.. select sullable accounting policle5 and then apply them consislenlly, observe the methods and principles of the Charities SORP IFRS 102)., make judgments and accounllng esllmates that are reasonable and prudent,, slat8 whether applicable UK Accounting Standards {FRS 1021 have been followed, sublecl to any materfal departures disc1059d and explained in the financial slalements., prepare the financial slalements on the golng concern basis unless11 is inappropriate to presume that the Charity will continuo in bu$ino$s. The Trustees are responslble for keeping adequate accountin9 records that 8r6 sufficient to show and explaSn the Charity's Ir8nsactlons and disclose with reasonable accuracy at any tlme the financial posliion of the Charlly and enable them lo ensure that the financial slaternenls comply with the Charities Act 2011, the Charlty {Accounts and Reportsl Regulations 2008 and the provlsions of the Memorandum of Assoclallon. They are also responsible for safeguarding the assets of the Charlty and hence for laklng rea$onabla steps for the prevenllon and d8tecllon of fraud and other Irregularitles. proved b or embers of Ihe board of Trustees and signed on Iheir behall by.. Anwyn Jon•s ° (Chair of Trustees Date.. Page 7 ## **WORLD PEACE FLAME FOUNDATION UK** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |**Note**
**Income from:**
Donations and legacies
3
Other trading activities
4
Other income
5
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net income/(expenditure)**
Transfers between funds
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2022**
**£**
**10,655**
**6,082**
**-**
**16,737**
**2,000**
**2,000**
**14,737**
**3,785**
**18,522**
**-**
**18,522**
**18,522**|**Unrestricted**
**funds**
**2022**
**£**
**5,212**
**-**
**100**
**5,312**
**8,516**
**8,516**
**(3,204)**
**(3,785)**
**(6,989)**
**27,082**
**(6,989)**
**20,093**|**Total**
**funds**
**2022**
**£**
**15,867**
**6,082**
**100**
**22,049**
**10,516**
**10,516**
**11,533**
**-**
**11,533**
**27,082**
**11,533**
**38,615**|_Total_
_funds_
_2021_
_£_
_8,085_
_-_
_250_| |---|---|---|---|---| |||||_8,335_| |||||_6,564_| |||||_6,564_| |||||_1,771_
_-_| |||||_1,771_| |||||_25,311_
_1,771_| |||||_27,082_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 18 form part of these financial statements. Page 8 WORLD PEACE FLAME FOUNDATION UK BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Note Current assets Stocks Debtors Cash at bank and in hand 383 85 56.406 342 3,870 39,549 10 56.874 43,761 Credilor5.' amounts falllng due within one year 11 {18.2591 (16,679) Net current ag$¢ts 38,615 27,082 Totsl 4880ts1088 ¢urront11obllltlo8 38,615 27,082 Net a88ets excludSng penslon a88èt 38,615 27,082 Total n•t a8sets 38.615 27,082 Charlty funds Reslrlcled funds Unreslrlcled funds 13 13 18,522 20,093 27,082 Total funds 38,615 27,082 The financial slalemen were approved and authorised for Issue by the Trustees and signed on Ih8ir bohalf by.. Anwyn Jone {Chair of Trust Date: The notes on pages 10 to 18 form part of these financial statement8. Page 9 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **1. General information** The organisation is a charitable incorporated organisation (CIO), incorporated and registered as a charity on 27 April 2015. The principal office is 126 Manor Green Road, Epsom, Surrey, KT19 8LN. The charity's registered number is 1161432. ## **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. World Peace Flame Foundation UK 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 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. ## **2.3 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. ## **2.4 Stocks** Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Page 10 ## **WORLD PEACE FLAME FOUNDATION UK** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **2. Accounting policies (continued)** ## **2.5 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. ## **2.6 Going concern** The company has cash resources and has no requirement for external funding. The trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This is also taking into account the impact of Covid 19 as disclosed in the Trustees Report. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements. ## **2.7 Financial instruments** Debtors Short term debtors are measured at transaction price, less any impairment. Creditors Short term creditors are measured at transaction price. Cash Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. There are no complex financial instruments. ## **2.8 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. ## **2.9 Volunteers** The Charity has in the region of 20 volunteers. The value of these volunteers is not included in these accounts. Page 11 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **3. Income from donations and legacies** |Donations
_Total 2021_|**Restricted**
**funds**
**2022**
**Unrestricted**
**funds**
**2022**
**£**
**£**
10,655
5,212
_-_
_8,085_|**Total**
**funds**
**2022**
**£**
**15,867**
_8,085_|_Total_
_funds_
_2021_
_£_
_8,085_| |---|---|---|---| ||||| ## **4. Income from other trading activities Income from fundraising events** ||**Restricted**|**Total**|_Total_| |---|---|---|---| ||**funds**|**funds**|_funds_| ||**2022**|**2022**|_2021_| ||**£**|**£**|_£_| |WPF Concert|6,082|**6,082**|_-_| ## **5. Other incoming resources** |Other incoming resources
_Total 2021_|**Unrestricted**
**funds**
**2022**
**£**
100
_250_|**Total**
**funds**
**2022**
**£**
**100**
_250_|_Total_
_funds_
_2021_
_£_
_250_| |---|---|---|---| ||||| Page 12 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **6. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Promoting National & International conflict
resolution and reconciliation
_Total 2021_|**Restricted**
**funds**
**2022**
**£**
2,000|**Unrestricted**
**funds**
**2022**
**£**
8,516|**Total**
**funds**
**2022**
**£**
**10,516**|_Total_
_funds_
_2021_
_£_
_6,564_| |---|---|---|---|---| ||
|||| ||_-_|_6,564_|_6,564_|| Page 13 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **7. Analysis of expenditure by activities** |Promoting National & International conflict
resolution and reconciliation
_Total 2021_
**Analysis of direct costs**
Candles and other direct costs
India Medical Camps
Nepalse school
Wycombe Refugees
Donations|**Activities**
**undertaken**
**directly**
**2022**
**£**
6,795|**Support**
**costs**
**2022**
**£**
3,721|**Total**
**funds**
**2022**
**£**
**10,516**|_Total_
_funds_
_2021_
_£_
_6,564_| |---|---|---|---|---| ||
|||
_Total_
_funds_
_2021_
_£_
_860_
_-_
_-_
_500_
_110_| ||_1,470_|_5,094_|_6,564_|| ||_Total 2021_|**Charitable**
**activities**
**2022**
**£**
4,495
2,000
300
-
-|**Total**
**funds**
**2022**
**£**
**4,495**
**2,000**
**300**
**-**
**-**|| |||6,795|**6,795**|_1,470_| |||
||| |||_1,470_|_1,470_|| Page 14 **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **7. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Telephone and internet costs
Travel expenses
Insurance
Subscriptions
Printing, postage and stationary
Professional fees
Sundry
Accountancy fees
Bank charges
_Total 2021_|**Charitable**
**activities**
**2022**
**£**
839
101
668
179
34
-
76
1,782
42|**Total**
**funds**
**2022**
**£**
**839**
**101**
**668**
**179**
**34**
**-**
**76**
**1,782**
**42**|_Total_
_funds_
_2021_
_£_
_1,584_
_-_
_627_
_143_
_7_
_1,016_
_67_
_1,650_
_-_| |---|---|---|---| ||3,721|**3,721**|_5,094_| ||
||| ||_5,094_|_5,094_|| Accountancy fees relate to the provision of assurance services other than audit or independent examination. ## **8. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL-)_ During the year ended 31 March 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ . ## **9. Stocks** |Finished goods and goods for resale|**2022**
**£**
**383**|_2021_
_£_
_342_| |---|---|---| Page 15 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **10. Debtors** |**Due within one year**
Other debtors
Prepayments and accrued income
**11.**
**Creditors: Amounts falling due within one year**
Other loans (See note 15)
Other creditors
Accruals and deferred income
**12.**
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2022**
**£**
**-**
**85**|_2021_
_£_
_3,785_
_85_| |---|---|---| ||**85**|_3,870_| ||**2022**
**£**
**16,489**
**-**
**1,770**|_2021_
_£_
_12,497_
_882_
_3,300_| ||**18,259**|_16,679_| ||**2022**
**£**
**56,406**|_2021_
_£_
_39,549_| Financial assets measured at amortised cost comprise cash at bank and other debtors. Financial liabilities measured at amortised cost comprise accruals and other loans Page 16 **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **13. Statement of funds** ## **Statement of funds - current year** |**Balance at 1**
**April 2021**
**£**
**Unrestricted funds**
General Funds - all funds
**27,082**
**Restricted funds**
Ysgol Llanllachid School Peace
Garden
**-**
India eye camps
**-**
Peace in your hands
**-**
WPF India
**-**
**-**
**Total of funds**
**27,082**
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds|**Balance at 1**
**April 2021**
**£**
**27,082**|**Income**
**£**
**5,312**|**Expenditure**
**£**
**(8,516)**|**Transfers**
**in/out**
**£**
**(3,785)**|**Balance at**
**31 March**
**2022**
**£**
**20,093**| |---|---|---|---|---|---| ||
**-**
**-**
**-**
**-**|**455**
**9,200**
**1,000**
**6,082**|
**-**
**-**
**-**
**(2,000)**|
**1,500**
**380**
**-**
**1,905**|**1,955**
**9,580**
**1,000**
**5,987**| ||**-**|**16,737**|**(2,000)**|**3,785**|**18,522**| ||**27,082**|**22,049**|**(10,516)**|**-**|**38,615**| |||_Balance at_
_1 April 2020_
_£_
_25,311_|_Income_
_£_
_8,335_|_Expenditure_
_£_
_(6,564)_|_Balance at_
_31 March_
_2021_
_£_
_27,082_| ## **Transfers** Amounts received in the prior year now identified as restricted funds Page 17 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **13. Statement of funds (continued)** Ysgol Llanllachid School Peace Garden - Creating a World Peace Flame Graden with a solar-powered World Peace Flame India Eye Camps - Support medical camps in India. Peace in your hands - Support the provision of World Peace Flame education packages. WPF India - Support World Peace Flame activities in India. ## **14. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2022**
**£**
18,522
-|**Unrestricted**
**funds**
**2022**
**£**
38,352
(18,259)|**Total**
**funds**
**2022**
**£**
**56,874**
**(18,259)**| |---|---|---|---| ||18,522|20,093|**38,615**| ## **Analysis of net assets between funds - prior year** |Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2021_
_£_
_43,761_
_(16,679)_|_Total_
_funds_
_2021_
_£_
_43,761_
_(16,679)_| |---|---|---| ||_27,082_|_27,082_| ## **15. Related party transactions** At the 31 March 2022 £16,489 (2021 : £12,497) was owed to Dru (UK), a company registered in England and Wales. Rita Goswami, the charity's administrator, was a director of this company. She retired from this post from 21 February 2017. Page 18