**Charity number: 1161432** ## **WORLD PEACE FLAME FOUNDATION UK** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** ## **WORLD PEACE FLAME FOUNDATION UK** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |Trustee's report|2 - 6| |**Chartered accountant's report**|7| |**Statement of financial activities**|8| |**Balance sheet**|9| |**Notes to the financial statements**|10 - 20| ## **WORLD PEACE FLAME FOUNDATION UK** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023** **Trustees** Anwyn Jones, Chair 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** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023** The Trustees present their annual report together with the financial statements of the Charity for the 01 April 2022 to 31 March 2023. 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?** In 2022 to 2023, 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 example, local school children hosted a coffee morning and raised £245.45 for WPFF charity. 60 locals from Bethesda, North Wales attended. 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 proactive in bringing about harmonious outcomes when there is potential for conflict in everyday situations. Page 2 ## **WORLD PEACE FLAME FOUNDATION UK** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ## **Achievements and Perfomance** ## **a. Main achievements of the Charity** From April 2022 to April 2023 we have done several fundraising events. We established solar-powered world peace flames and supported schools to establish peace gardens, creating a greater awareness of environmental issues. We have held community events and collaborated with other local and international communities working towards peace. The WPFF Trees Project was launched on 12th April 2022 with the strapline “Growing a network of Peace between schools worldwide”. West Lodge School, Pinner in northwest London celebrated ‘One Tree Day’, raising funds to plant trees and they have planted up to 2,500 trees. Solan School in India has continued to plant trees since last year. The WPFF has also been involved in many other varied projects. Last year we had three visits to the World Peace Flame Monument at Snowdonia Mountain Lodge during May and June from a local school in Llanllechid. This generated several school projects based on peace. Poems were written, and a World Peace Flame song was created on video which was broadcast on 31st July 2022 at the 23rd World Peace Flame Anniversary Day. On June 2nd in Leeds, the “Garforth World Peace Flame” lit the Golden Jubilee Beacon. In Nepal, we supported training at the EPS school to help 9th-grade students who were having a “mock session on sex education” to protect the youth from unwanted consequences, including poverty. In North Wales, a peace walk raised £500 for the WPFF and the Red Cross. During this period between 2022 and 2023, 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 into Hindi and is currently being used by students 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. ## **Indian Medical Camps** For our Medical Camps Project in Gujarat, India, activities from March 2022 to March 2023 have been as follows: two eye camps have been run, servicing 845 patients in two different localities. 227 people have received cataract operations and 420 spectacles have been distributed. Outside of this collaboration has also taken place with local hospitals, general practitioners, and dispensaries to provide free prescription of medical supplies. Also, 450 people had financial support towards the payment of hospital bills (at the Lions Hospital and Shushrusa Hospital). 150 people have received laboratory tests at concessional affordable rates. Food and clothes distribution have also taken place and over 1,000 people have received help in the forest and tribal areas. 10,000 notebooks and pencil kits have been distributed to underprivileged 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 3 ## **WORLD PEACE FLAME FOUNDATION UK** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ## **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 2023 were £39,925 (2022: £38,616). Included unrestricted funds £18,098 (2022: £20,094) and restricted funds of £21,827 (2022: £18,522) ## **c. Principal funding** The principal funding sources for World Peace Flame Foundation UK are voluntary donations and the associated gift aid. ## **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. ## **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. Page 4 ## **WORLD PEACE FLAME FOUNDATION UK** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ## **Structure, governance and management (continued)** ## **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 5 WORLD PEACE FLAME FOUNDATION UK TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Statement of Trustees, responslbllltles The Trustees are responsible for prepari￿ the Trustèes. report and the ffnandal statemen15 in accordance wlh appllcable law and United Klngdom Accounlwig Stsndards (Unsted Kingdom Generalty Accepted Accountlng Practice}. The law applicable t¢ eharities in England & Wales requires the Trustees lo prepare financial slalemenls for each financial which give a true and lair view of the slatè of affairs of the Charlty and of Its incoming resourGe8 and 8pplicalion of resources, including ils income and expendllure, for that period. In preparing th858 financial statements. the Trustees are required lo.. select sullable accounting policies and then apply them Gonsislenlly; obsarve the methods and principles of the Chafllies SORP IFRS 1021., mak8 judgments and a¢¢ounling estlmales th81 are fea50neble and prudent., slate whether applicabl8 UK Accounting Stsndards {FRS 1021 havg bèan followed. sub*ct lo any malerlal departures dlsclosed and explained in the financial slalements; prepare thé financial statements cn the going concèrn ba818 unle88 It Is Inappropriat• to presume that the Charlly ￿11 continue in bu$lnèss. The Trustee8 are responsible lor keeping adequate accounllng records that are suffiGlenl lo show and explain the Charity's Iransacllons and dSsclo$& wlh r?asonable accuracy al 8ny time the finAncial posllion of the Charity and enable thèm lo ensure that the flnancial slalemenls comply wllh the Chariligs Act 2011. the Charlty (Accounts and Rèports) Regulations 2008 and the provisions of the Memorandum of Associatlon. They are also re8pon8Ible lor safeguarding the assèts of the Charity and hence for tsking reasonable steps for the prgvgnilon and detection of fraud and other Irfegularilig$. Approv dby of the members of the board of Tru¥lèé8 and signed on thelr behalf by.. (Chalr of T Date.. Jstees) Page 8 ## **WORLD PEACE FLAME FOUNDATION UK** ## **CHARTERED ACCOUNTANT'S REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED FINANCIAL STATEMENTS OF WORLD PEACE FLAME FOUNDATION UK FOR THE YEAR ENDED 31 MARCH 2023** We have prepared for your approval the financial statements of World Peace Flame Foundation UK for the year ended 31 March 2023 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 9 January 2024 Page 7 ## **WORLD PEACE FLAME FOUNDATION UK** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |**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**
**2023**
**£**
**10,335**
**-**
**-**
**10,335**
**7,707**
**7,707**
**2,628**
**677**
**3,305**
**18,522**
**3,305**
**21,827**|**Unrestricted**
**funds**
**2023**
**£**
**5,345**
**-**
**-**
**5,345**
**6,663**
**6,663**
**(1,318)**
**(677)**
**(1,995)**
**20,093**
**(1,995)**
**18,098**|**Total**
**funds**
**2023**
**£**
**15,680**
**-**
**-**
**15,680**
**14,370**
**14,370**
**1,310**
**-**
**1,310**
**38,615**
**1,310**
**39,925**|_Total_
_funds_
_2022_
_£_
_15,867_
_6,082_
_100_| |---|---|---|---|---| |||||_22,049_| |||||_10,516_| |||||_10,516_| |||||_11,533_
_-_| |||||_11,533_| |||||_27,082_
_11,533_| |||||_38,615_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 20 form part of these financial statements. Page 8 WORLD PEACE FLAME FOUNDATION UK BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Currènt assets Stocks Debtor Cash at bank and In hand 365 383 85 56,406 92 60.539 60,996 56,874 Credllors.. amounts falllng due wf(hin one year 11 121,0711 (18,259) Net ¢urr&nt ag59ts 39,925 38,615 Total net assets 39.926 38,615 Charlty fund8 Reslrlcled lund$ Unrestrécted fund$ 21,827 18,098 18,522 20,093 13 Total funds 39.926 38.615 The fln8nGlal s te Is were approvèd and 8ulhori8ed for Issue by tho Trustees and slgnad on Ihelr behalf by,. Anwyn J (Chair of Tru8leesl Date.. The notes on pages 1010 20 form part of these financial 8tstemenls. Page 9 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **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 2023** ## **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. 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 2023** ## **3. Income from donations and legacies** |Donations
_Total 2022_
**4.**
**Income from other trading activities**
**Income from fundraising events**
WPF Concert
_Total 2022_
**5.**
**Other incoming resources**
Other incoming resources
_Total 2022_|**Restricted**
**funds**
**2023**

**£**
10,335
_10,655_
|**Unrestricted**
**funds**
**2023**
**£**
5,345
_5,212_
**Restricted**
**funds**
**2023**
**£**
-
_6,082_
**Unrestricted**
**funds**
**2023**
**£**
-
_100_|**Total**
**funds**
**2023**
**£**
**15,680**
_15,867_
**Total**
**funds**
**2023**
**£**
**-**
_6,082_
**Total**
**funds**
**2023**
**£**
**-**
_100_|_Total_
_funds_
_2022_
_£_
_15,867_| |---|---|---|---|---| |||||_Total_
_funds_
_2022_
_£_
_6,082_| |||||_Total_
_funds_
_2022_
_£_
_100_| |||||| Page 12 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **6. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Promoting National & International conflict
resolution and reconciliation
_Total 2022_|**Restricted**
**funds**
**2023**
**Unrestricted**
**funds**
**2023**
**£**
**£**
7,707
6,663
_2,000_
_8,516_|**Total**
**funds**
**2023**
**£**
**14,370**
_10,516_|_Total_
_funds_
_2022_
_£_
_10,516_| |---|---|---|---| ||||| Page 13 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **7. Analysis of expenditure by activities** |Promoting National & International conflict
resolution and reconciliation
_Total 2022_|**Activities**
**undertaken**
**directly**
**2023**
**£**
10,084
_6,795_|**Support**
**costs**
**2023**
**£**
4,286
_3,721_|**Total**
**funds**
**2023**
**£**
**14,370**
_10,516_|_Total_
_funds_
_2022_
_£_
_10,516_| |---|---|---|---|---| |||||| ## **Analysis of direct costs** |Candles and other direct costs
India Medical Camps
Peace in your hands
Nepalse school
Wycombe Refugees
Ysgol Llanllachid School Peace Garden
_Total 2022_|**Charitable**
**activities**
**2023**
**£**
1,877
6,000
1,677
-
500
30
10,084
_6,795_|**Total**
**funds**
**2023**
**£**
**1,877**
**6,000**
**1,677**
**-**
**500**
**30**
**10,084**
_6,795_|_Total_
_funds_
_2022_
_£_
_4,495_
_2,000_
_-_
_300_
_-_
_-_| |---|---|---|---| ||||_6,795_| ||||| Page 14 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **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 2022_|**Charitable**
**activities**
**2023**
**£**
1,457
-
847
216
16
35
64
1,636
15
4,286
_3,721_|**Total**
**funds**
**2023**
**£**
**1,457**
**-**
**847**
**216**
**16**
**35**
**64**
**1,636**
**15**
**4,286**
_3,721_|_Total_
_funds_
_2022_
_£_
_839_
_101_
_668_
_179_
_34_
_-_
_76_
_1,782_
_42_| |---|---|---|---| ||||_3,721_| ||||| 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 _(2022 - £NIL)_ . During the year ended 31 March 2023, no Trustee expenses have been incurred _(2022 - £101)_ . ## **9. Stocks** ||**2023**|_2022_| |---|---|---| ||**£**|_£_| |Finished goods and goods for resale|**365**|_383_| Page 15 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **10. Debtors** |**Due within one year**
Prepayments and accrued income|**2023**
**£**
**92**
**92**|_2022_
_£_
_85_| |---|---|---| |||| |||_85_| ## **11. Creditors: Amounts falling due within one year** |Other loans (See note 15)
Accruals and deferred income|**2023**
**£**
**19,177**
**1,894**
**21,071**|_2022_
_£_
_16,489_
_1,770_| |---|---|---| |||| |||_18,259_| ## **12. Financial instruments** ||**2023**|_2022_| |---|---|---| ||**£**|_£_| |**Financial assets**||| |Financial assets measured at fair value through income and expenditure|**60,539**|_56,406_| 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 2023** ## **13. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Ysgol Llanllachid School Peace
Garden
India Medical Camps
WPF India
Arunanchala Tree Project
Peace in your hands
**Total of funds**|**Balance at 1**
**April 2022**
**£**
**20,093**
**1,955**
**9,580**
**5,987**
**-**
**1,000**
**18,522**
**38,615**|**Income**
**£**
**5,345**
**-**
**9,000**
**840**
**495**
**-**
**10,335**
**15,680**|**Expenditure**
**£**
**(6,663)**
**(30)**
**(6,000)**
**-**
**-**
**(1,677)**
**(7,707)**
**(14,370)**|**Transfers**
**in/out**
**£**
**(677)**
**-**
**-**
**-**
**-**
**677**
**677**
**-**|**Balance at**
**31 March**
**2023**
**£**
**18,098**| |---|---|---|---|---|---| ||||||**1,925**
**12,580**
**6,827**
**495**
**-**| ||||||**21,827**| ||||||**39,925**| Page 17 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **13. Statement of funds (continued)** ## **Statement of funds - prior year** |**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Ysgol Llanllachid School Peace
Garden
India Medical Camps
Peace in your hands
WPF India
**Total of funds**|_Balance at_
_1 April 2021_
_£_
_27,082_
_-_
_-_
_-_
_-_
_-_
_27,082_|_Income_
_£_
_5,312_
_455_
_9,200_
_1,000_
_6,082_
_16,737_
_22,049_|_Expenditure_
_£_
_(8,516)_
_-_
_-_
_-_
_(2,000)_
_(2,000)_
_(10,516)_|_Transfers_
_in/out_
_£_
_(3,785)_
_1,500_
_380_
_-_
_1,905_
_3,785_
_-_|_Balance at_
_31 March_
_2022_
_£_
_20,093_| |---|---|---|---|---|---| ||||||_1,955_
_9,580_
_1,000_
_5,987_| ||||||_18,522_| ||||||_38,615_| Page 18 ## **WORLD PEACE FLAME FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **13. Statement of funds (continued)** Ysgol Llanllachid School Peace Garden - Creating a World Peace Flame Garden with a solar-powered World Peace Flame. India Medical 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. The Arunachala Tree Project - The return of tree cover and restoration of complex eco systems to Arunachala - a sacred hill in southern India. ## **14. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Current assets
Creditors due within one year
**Total**
**Analysis of net assets between funds - prior year**
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2023**
**Unrestricted**
**funds**
**2023**
**£**
**£**
21,827
39,169
-
(21,071)
21,827
18,098
_Restricted_
_funds_
_2022_
_Unrestricted_
_funds_
_2022_
_£_
_£_
_18,522_
_38,352_
_-_
_(18,259)_
_18,522_
_20,093_|**Total**
**funds**
**2023**
**£**
**60,996**
**(21,071)**
**39,925**
_Total_
_funds_
_2022_
_£_
_56,874_
_(18,259)_
_38,615_| |---|---|---| Page 19 ## **WORLD PEACE FLAME FOUNDATION UK** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **15. Related party transactions** At the 31 March 2023 £19,177 (2022 : £16,489) 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 20