Charlty number: 1185992 PEACE AT THE CREASE TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
PEACE AT THE CREASE CONTENTS Page Rofgrono• and Admlnlslratlvg Detall8 ol thg Charity, its Trustw and Advlsers Tru81ou' R¢port ststement ot Financial Actlvltlos Balan Sheet NO to t Flnanelal Statements 7-10
PEACE AT THE CREASE REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trusteeg Sir C H LI0 CBE C G Rrfkind M Marun Charlty regl8tsr numbgr 1185992 Prfnclpol offlee The Tea Hous8 17 Hall Road LOTh0n NW8 9RD Accountants Sopher + Co LLP Charteied Accountants 5 Elstree Gate Elstree Way Borehamwcfvjd Hertlordshire WD6 1JD Paoe 1
PEACE AT THE CREASE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees presenl their annual report together with the financid statgments of the Pgace at the Crease for year 1 April 2023 to 31 March 2024. Oblecllves and actlvltle8 a. Poli¢lM and oblectlves The principal otyectivÈ of the Charity is to use the pcpularity ol crthet as a tool lo promote p&qce, bring communllles togelheT and SUFfQrt progress and developfflenl among ts Commmonwtrahh Natlons. In settiThJ 0.9¢t}VeS and planning for acvleS, the Trustses have given due consideration to neral gUance pUiShed by the Charty GommissKJn relatlng to public bengfit including the guidance 'Publt ben81il'. wnniNJ a charity IPB21'. b. Actlvltles undertaken to achleve objectiVgB As explained in further detail telow the Charity has not yet commenced actwty. Achlevements ond pgrfomwi¢• a. Revlew of Actmtlos Tha trustees are optimistic ol achieving a heightened level ol engagement with the ideas that the charity seeks to promote from cricket in the year ahead. Meanwhlle, expenses are beiro kept to a bar& minimum as 15 evident from the Charitys financi slatemerrts. The Trustees have referred lo the guldarKe containgd in the Charity Commission's general guKlance on public benolit when reviewing the aims and objectives arbj in planning future activilies. The ch8yitable ot4'ectNes are also sel out in order to provKJe a clear and demonstrable publi¢ b¢nefft. Flnan¢lal revlew . Going ¢on¢em After maklng apprcyrlate enouiries, the Trustees have a reasonable expectation that the Charlty ha8 adequate resources to contlnue In operational existence lor the loresee8bJe future. For this reason. they ConnUe lo adopt the g01r concem basis in prepariro th8 financial slalements. Furth&r details regarding the adopd'on ol the going concem basi5 can te found in th8 accounting policigs. b. Reserves pollcy The Charity defines reserves as unrestrKtgd frjnds thai are Ireely available lo spe1 on the Charivs purpos8s. The Charity maint&ns a general fund from whlch charitable donations to b8n8ficiaries will be made. The Charity made a sfflall surplus for the pgriod of £1.14012023- loss £1321. It is intended thai the Charty 11 conllnue exploring opportunitps to raise funds and then make grants of these funds in accordance with the Charitys objectives. In light ol these aetivttles. It is not the current intention of the Trusl8es to aecumulaiè reserves. The Trustees do not bdieve that the Charity needs lo hold signilicant resetves as the majority of the grants and donations it wll mako will be °one oif in nature and in any event could be met out ol tha Charity's cash and IKiuid Page 2
PEACE ATTHE CREASE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcle8 1.1 Ba818 ol preparallon of flnanclal 8tat8m8nt8 The financial slalemenls have begn prepared in accordance hwih the Charities SORP IFRS 1021- AUntIng and ReForting by Charities: Slalgment of RgcommerKJ8d Pra¢ticg applicab lo charities preparing their accounts in acCOrdar with the Financial Reporting Standard applicthe in the UK and Republic of Irelan(I IFRS 1021 (effective 1 January 20191, the Finanal ReFOrting Standard appllcable In th8 UK aThJ RepU1C of Ireland IFRS 1021 and tr Charltles Act 2011. The finarrial slatements have been prepared to give a Yrue and view arKI have departed from the Charitigs (Accounts arwj Reports) Rggulations 2008 only lo th9 extent requir9d lo provid8 a Irue and fair, view. This departure has inVoed followng Ihe Charilres SORP IFRS 1021 published in octoer 2019 rather than the Accounting and Reporting by Gharities: Statement of Recomrnend Practice effecllve from 1 Aprll 2005 whlch has since been whlmlrawn. Pea¢e ai the Crease meets the delinr(ion of a putli¢ benefit enlty under FRS 102. Assets and abilities are inf(ially recognised at historical cost or Iran$tIon value unless otherwise stated in the relevant accounting policy. 12 Fund accountlng General funds unrestricted funds 1¢h are available for use al the discret)n of the Twslees in furtherance of the neral objecttves of the Charity and which have not been designated lor other purF•S. 1.3 Inoom• All income is ranISed once the Charity has entitlement tt) tho income, rt is probat48 that th8 income will be received the amount of income receivable can be measured reliably. Income tax recoverable in relation lo donations receiv1 und8r Gift or deeds of covenant Is r6wgnised al the tlme ol the (Jonalion. 1.4 Expendlture Expenditure is recognis&J 08 there Is a lègal or conslnJctlv8 obl3alion to Iransfer o¢onomic benefrt lo a third party. it is probable that a transfer of economic t¢nefils wll be required in settlement and the amount of the obligation can b9 measured reliabty. Support Costs are those ¢osts incurred direetly in surwt ol expendre on the objects ol the chathy. Governance costs are those incurred in connection with administration ol the charity and com la with constitLrtional and slatulory IVireMents. Expenditure on raising funds includes all expenditure incurred by the Chanty to raise fuTrJs for ils charitable purFx>ses and includes costs of all fundraising activities events. Costs of generallng funds are c08ts iUrred In attractSng voluntary Income, and tho88 Incurred in trading activities that ralse funds. Charitable activrties and Governance costs are costs itxurred on the chariws operations. including support costs and costs relating to the govemance of ihe charmy appOOned to charltable aetiviyes. l experKJiture is in¢lusive of Irr¢¢overable VAT. Page 7
PEACE AT THE CREASE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 klARCH 2024 Aecountlng pollcles {contlMed) 1.5 Llabllltles and provisions Liabilities are recognised vthen there 1$ an ot4ipation at the Banc$ Sheet date as a re5Urt of a past event, it is probablo that a Iransfey of bonefft wlll b? required in settlement, and the amount of the settlement can bo estimala reliably. 1.6 Flnanclal Instruments Thg Charrty onty has financial assets and finan¢ial liabilrtles of a kind that qualfy as basic finar1 instruments. Basic linanual Instruments are initially recognised at transactlon value and subseqLtentty measured at their settlemenl value. Income Irom don•tlons arKI legacles Unvestrlcted funds 202d Total fund8 2W24 Donallo 1,500 Unrestricted funds 2023 Tot funds 2023 Donations 1,000 1.000 Expenditur¢ on ralslng lunds Costs of ralsing voluntary incomè Unrestricted funds 2024 Totsl funds 2024 Bank charges 360 Page 8
PEACE AT THE CREASE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on 18lslnu funds {contlnuodl Unrestrictgj funds 2023 Total funds 2023 Bank ¢harg88 362 Governance costs Total 2024 Accountancy costs Unrestricted funds 2023 Total 20¥J AOuntarKY ¢osts 770 770 Trust80s' romunèration and expgnaos During the year, no Trustees received any remuneration or other tenefits12023 - £NILI. Durlro the year ended 31 March 2024. no Trustee expenses have teen IUrred. Staff co8t8 The Chaty had m emFloyees durlng the year. Pago 9
PEACE AT THE CREASE NOTES TO THE HNANCIAL STATEMEwrs FOR THE YEAR ENDED 31 MARCH 2024 Credllors: Amounts falllng due wtthln one year 2024 Bank overdralts 81 Statsmont ol funds Slatement of funds- curr8nt y Balance at 31 March 2024 Balance at 1 Aprll 2023 Income Expendlturg UnMJtri¢t•d fvnd$ General Funds- all funds (81) 1,500 (360} 1,059 Slat¢menl of lunds- prlor year Balance at 31 March 203 Bance at 1 April 2022 Incorne Expendilure Unrestrleted lund8 Generaf Funds- all futKIs 51 11,1321 1811 Anatysl$ of net assets between funds Analysls of net assets botwoon funds- ¢urront perlod Unrnstricted funds 2024 Total fund8 2024 Current assets 1,059 1,059 Page10
PEACE AT THE CREASE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structuro, govamance and managemont a. Constitutlo Peace al the Cr9ase is a règistered charity, numbgr 1185992. and 15 conslituled under a Trust deed. b. Methods of •ppolntment or ekntlon of Trust$ Thè managernenl of the Charrty the resFonsibility of thg Trus19es vtho are elted and co-cpted under th& terms of the Trust deed. o. OTganlsatlonal structure and dedOnmakIn9 pollcle8 Decisions are made by the Trustees al board meoiings or by wiitten resolution. Decisions at meetings are made by majority decision., wrltten resolutions musl bg unanimus. As the organi8atr)n is relatNely n9w, a larger structure 15 not yel appropriale. A grants committee has t¢en Ilned up lo make recommendalions to I1* Truste88 as to which grants to make. d. Flnanclal rl8k monagement The Trustees have assessed the major risks to which Charity b exposed, In particular those related lo the OFeralions and finaws of the Charlty, and are salislied that systems aThl procedures are in rlace to mltigate exposure lo the major risks. statemfrnt of Trustees. responslbllltl88 The Trustees are responsible lor prepariro the Trustees, Report and the financial statem8nts in accordance w appllcable law al United lfjngdorn Accounting StarKlards {United Kingdom Generally A¢ceptj A¢¢ounling Practice). The law applicable to charil(es In England & Wales qUireS the Trustees lo prepare flnancial stat9merrts lor each financi which give a Irue and fair vW of the state ol affairs ol ihe Charity and of ils incoming resources applicallon of resourtss, includiThJ Its income and expgnditure. for that rKl. In preparing these financial statem8nls, the Truslees arg required to- select surtable accountSng policies arKI Ihen alY them consi81ently', observe the methods and prirciF4es of the Charhks SORP IFRS 1021; make judgments aNI accounting estlmates that are reasonable and prudent,. slate whether applicallg UK Accourrting Standards IFRS 1021 have been follow. subject to any material d8partures dSsdosed and gxplained in the fina1 stalom8nls' prepare the linancid ateMentS on th6 golng concern basis unless il 1$ inappropriate to presume that Ihe Charity wll continu& In business. The Trustees are respon5it4e for keeping adequate accounting records that are suth'cienl to show and explain Ihe Charitls transactions and diselose wlh reasonable accuracy at any time the financial wsthon of the Charrty and enable them lo ensure Ihat the financial slalemenls compty with the Charities Act 2011, the Charrty (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. Tlw are s0 responsible lor safeguarding the assets ol the Charty and hence for takir¥J r8a50nable steps for the prevention and deltIon ot fraud and other irregularities. Page 3
PEACE AT THE CREASE TRUSTEES. REPORT {copmNUED) FOR THE YEAR ENDED 31 IAARCH 2024 Approved by order of the members of Ihe board of Trustees sne on their behalf by: C G Rilkind Trustoe Date.. 7 October 2024 Page 4
PEACE AT THE CREASE STATEMETrif OF FINANCIAL AcnvmES FOR THE YEAR ENDED 31 MAFICH 2024 Unrestrfct funds 2024 Total funds Tol funds 2023 Noto Income Irom: Donations and IaCleS 100 1,000 Totsl Incorne 1,500 1,000 Expendlture on: Raising funds Charitable aclNII*$ 770 Totsl expeThdlture 1.132 Net mov?ment In funds 1,140 1.140 11321 ReconcillJtlon of funds". Total funds brought lomard Nel movemerrt In ftjnds () 1,140 {) 1,140 51 1132) Tolal funds carrled forward 1,059 1,059 1811 The Statement ol Financia Activthes in¢lLKles all galns atKI losses r8cognL8ed in the year. The notes on pages 7 to 10 forrn part of these financi slatements. Pag8 5
PEACE AT THE CREASE BALANCE SHE AS AT 31 MARCH 2024 2024 2023 Note Current assgts Cash at bank and in harvj 1,059 Creditors.. amounts fdling du8 within one year 1811 Total net 888ets 1,059 181) Charfty funds UnreStted fuThYs 1,059 181} Total funds {811 Th& financial slalements weffj approvad and authorised for issue by Its Twsiees on 07 Ocl¢)ber 2024 and signed on their behaw by.. C G Rlfkind Trustee nolgs on pages 7 to 10 fomi part ol these linanual statements. Pag8 6