Charity Registration No. 1203516 Seek Peace Seek Peace Annual Report and Unaudlted Flnancial Statements Forth8 perlod from 12 June 2023 to 30 June 2024 th th
Charity Registration No. 1203516 Seek Peace Annual Report CONTENTS Trustees. report Independent examiner's report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements
Charity Registration No. 1203516 Seek Peace Seek Peace (Charitable Incorporated Organisation) Legal and Admlnlstrative Intormatlon Charlty Name Saek Peace Charlty Number 1203516 Trustees annual report perlod 12th June 2023 - 30th June 2024 Trustoes Karen Warner (Chair of Trustees) P8uI Clark Alistair Sim Se¢rotary to the Board of Tru8tee8 Michaela Hodge Corre¥ponden¢e addr858 14Courtwood Drive. Sevenoaks, TN13 2LR Bankers CAF Bank Ltd CAF Bank Ltd, West Malling. ME19 4TA Independent Examlner Joanna Tawse FCA. Northview. The Street. TN15 OQJ
Charity Registration No. 1203516 Seek Peac8 TRUSTEES, REPORT FOXTHE PERIOD ENDED 30TH JuNE2024 Objoctlves 8nd •¢tivltles The object of the CIO is. lorlhe public benefit. the advancement of the Christian Falth in 8ccordanee with the Staiement ot Faith in such p8rts of ihe United Klngdom and ihe world as ihe charitytrustees m8y from time to time decid8. Succ8S8 foT Sfjek Peace in achieving our public bfjneft is achleved when organSsations we have identified to work with are better able to promoie the tenei8 ol justi¢e. truth telling, forgiveness and reconciliation in their minlstries, and 8mongst their beneficlaries. 88 a result of the services/gr8nts that we provide. The irustees have referred to the guldance coniained In the Charily Commission's gener81 guidonce on Publlc Benefit when ¥èvSfjwingour aims 8nd objecilves and In planning the future act6vities of the charlty. In particular. the trust888 ensuTe that activitles contrlbute to the alms and objectivès th8y have $et. A copy ofseek Peace's full guiding st8tement ol falth cgn be lound in the 8ppendlx of our CIO constitution and governlng document. Achlevement$ and parlormance Seek Peace was Ineorpor8ted as a charity on 121h June 2023 with K8ren Wornef. Allst81r Slm and P8uI Clark appolnted as trustees also on 12ih June 2023. Seek P88ce's initial financl81 c8paclty has bgen derived by the fundraislng offorts of its founders. Mlchaela and john Hodge who have been actlve in Christian pg8cebuildlngfor the18St elght ye8rs. Michaela 8nd John are employed by Seek Peace with Ihe role3 01 Operations Dlrector and Impact ServSe8s Manager respectively. Ai present they are the only employees of Stsek Pe8ce. The prlmary goal of this flrst accountlngyèar h88 bèen to cast vision to supporters, churchtrs and prayer partners. We are pleased to report that pievious personal supporters of Michael8 and John Hodge h8ve moved iheir funding to Seek Peace. In 2023.2024 Seek Peace was able io establish formol p8rtner$hlp ¥el8tionshlps with four ministries working in Nigeria. Ghana, Southeast Lonoon and Leb8non. Through our no.fee services tralning, and small Br8nts this year we were able to.. Support 7 inierfaith computer training centres for Christian and Muslim youth in conttict and post-conflict communities throughout Plateau and Ad8m&wa States in Nigerla by supporting our partner to * Develop systemsfor earlywarning signs of conflict in communlties. * Provide medlation skills for community elders, + Develop processes linclLtding trainlng stafll and install technologies to capture learnings ènd adapt peacebuilding approach based on outcomes Irom ihese learnings.
Charity Registration No. 1203516 Seek Peace TRUSTEES, REPORT (CONTINUED} FOR THEPERIOD ENDED30TH JuNE2024 Support Posl-confllct Inter-ethnic poverty alleviatlon activities in 19 rural communities in Northern Ghana by supporting our partner to + Develop rnore effective monitoring pfocesses to capture results and test assumptions In peace-making initiatives through facilit81ing a Theory of Change process Support our p8rtner to tackle gang-related violence in SOLrtheast London • Supponlng them with conflict analy81S to assess drivers of violence 8nd f8cilitating a Theory of Change process Supporting one of our partner minlstrigs wlth the strategic development of theli ministry's conceptual 8nd theologicalvision ot pe8ce and peacebuilding and supporting them io Ilnk thls to their projects as a st8rting p18ce for measurlng the COnirSbyllon thelr projects make towards th18 vision. Support 13 Ioc81 churches throughout Nigella wlth the'chuich & Communlty Transformatlon. prolects focussed on poverty allevlation, po8cebuilding and social cohesion. through + Developing & runnlngiraining for our partner mlnlstry's Slofl and key chufch stakeholders. + Establishlng reporting and le8rnlng frameworks that are fli for purpose Isimple for churches and volunieers to usel Bnd show trends and targei areas for more stjpport + Providing small 8rani iunding for technologSes to support project ev8luation 8nd monitoring sysiems Develop a baseline assessment ofthe needs of a new partner worklng in Beirut, Lebanon for work commen¢ing in 2024-2025. In addltion to our primary purpose activlties. Seek Peace hes also undertaken activltles to advocate and promote the vlsion of our work in churches. online, in events and through digital communications. 01 note was our launch event In November that broughi iogether 60 people and local representative churches in Tonbridge, our two online events lor International donor$ ond prayer partners, church speaking appointment8 in three UK churches, and our engagement wlth the misslon arm ofthe New Frontiers f8mily ol churches. Flnanclal revlew The trustees are pleased to report that 8fter 118 firstye8r Seek Peace has en unrestrlcted surplus 01 £9,966. Fund balances are shown in ihe statemeni of financlal 8Ctivities and more det8il Shown in the rboies lo the 8ccount8. Reserves pollcy The Board of Trustees has established a policy ol holding 81 least three months committed expenijliure in unresiricted net current assets (equivalent to approximaiely EIO,500 based on Current projections). As at 30, June 2024 unresiricled net current assets were £9.966. The trustees have set a long term target of 18 months io accrue this surplus. We are pleased to report that Seek Peace is on target io achieve this.
Charity Registration No. 1203516 Seek Peace TRUSTEES, REPORT FOR THE PERIOD ENDED 30TFtJuNE2024 Fuwi• Pl•n• Ourluturo plans Include Contlnuing to support ourexlstlng p8rtnof8. Includlngouf newe8t partner In Lebanon. E8tabllshlng an gvaluatlon framework acr088 811 our partngrs to moa8ure ourcontrlbutlon to thelr progrommatlc ImpaciB, Pursuing n&w Incomo 8tTeom8 InclLtdlngthrough gr9n18 and foundatlons 8nd through the dgvelopmeni ol Iow-c08t pold 88rvlce provl$lon for mlnSstrl88 In ihe Global North as wallo8 throuqh continulng to develop our church-b8$ed 8lvlng model In the UK and Australla. 8nd: Providlng more smhll gronts to our partner mlnlstrle8 to Invest In peacalmedlatlon 8duc8tlon and technologle8 for me88urlng proqramme impact. Structur•• qovern•nc• and m4nao•m•nt Tho charlty18 8 chafiiabL8 Incorporated or8anl8Otlon. The trustèes who ¥erve(J durlngthe yeai 8nd up to the d8te of 81dlloture of the Iln8n¢lal 8t8tèment8 are 8hown on pago 1. TTu8tee8 are appolnt8d by momb6r8 ofihe CIO. Trugto8$ meet 88 often a$ requlrgd to further tho work of the ¢h8rlty: lhls18 U8uolly on o quartarly ts8818. The tru é08. réRort W88 approved bythe Bo8rd ofTruslee8. Karen Warn•r Trusiee
Charity Registration No. 1203516 Seek Peace INDEPENDENTEXAMINER'S REPORT FOR THE PERIOD ENDED 30THJUNE2024 I repon to the trustees on my examination of the financial Statements ofseek Peace Ithe charity) for the TH perlod ended 30 June 2024. Responslbllltles and bas15 of r•port As the trustees of the charity you are responsible for the pr8P8r8tion of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I rfjport In respect of my examination of the charity's financial statements carrlad out under sectlon 145 of Ihe 2011 Act. In carrying out my examination I have followed all the applicBble Dire¢tion8 given by the Choriiy Commission under section 145lSllbl of the 2011 Act. Independent examlner's ¥iatement I h8ve completed my examinatlon. I conflrTn that no rngtters have come to my attention In connectlon w5th the examination giving me cause to believe th81 in any materiol respect.. Act., or accounting records werè not kept in respect ol the eharlty 88 requlred by sectlon 130 of the 2011 the financi81 statements do not 8ccord with those records., or the financial statements do not complywlth the applicable requiremenis conc6rningthg form en eontent ol accounts Sot out in the Charitles (Accounts and Reportsl Regulatlons 2008 other than Bny r&quirement Ihat the occounts give 8 true 8nd fail view whlch is not 8 Matter considered as p8rt of an Indèpendent exominatlon. I have rlo concerns and have come gcross no other m81ters in connection with the ex8min8tlon to which attention should be drawn in thls report In order to enable 8 propel understandlng of the tSnanclal statements to be reached. Joanna Tawse FCA Chanered Accountant Northview The Street Plaxtol TN150QJ
Charity Registration No. 1203516 Seek Peace STATEMENTOF FINANCIALACTIVITIES INCLUDING INCOMEAND EXPENDTUREACCOUNT FOR THE PERIOD ENDED30THJUNE2024 Incomlng Resource$ Donations Gift Aid Interest 29,415 226 77 29,718 Resources us*d Charitable aciivilies 19,502 Governance costS'. Administration Prolesslonal feos Exchange differences 141 300 11911 250 Toi81 resources used 19.752 Net Incomlng Resourceg 9,966 Unrestrlcted Funds On Sncorporation Income lor the year 9.966 At 30 June 2024 9,966 The statement of flnancial actlvities includes all g81n8 and losses recognised in the period. All income and expenditure is from continuing activities.
Charity Registration No. 1203516 Seek Peace BAL4NCESHEET AT30THJUNE2024 2024 Flxod Assets 348 Current Ass¥ Tax Recoverable 113 Cash at bank and Sn hand 9,805 9,918 Crgdltor8, amounts falllng duo 13001 Net CuTrent Assets 9,618 Net Asg•t• 9.966 Represented by Unrestricted Fund 9,966 Charlty fund¥ 9.966 Th onc181 statements waro 8pproved by the Trustees on I i LLY ul Clark Trustee
Charity Registration No. 1203516 Seek Peace STATEMENTOF CASH FLOWS FOR THE PERIOD ENDED 30THJUNE2024 2024 Cash flow fiom operatlng O¢1ivltles Cash gener8ted from operailons 10.251 Investlng actlvltl¥ Purchase of tanglble flxed assets Interest recoived 15231 77 Net c8$h lused Inl Inv•stlng actlvltles 14461 Not cash used Ilnanclng 8¢tl¥ltles Nèi Incr•oM In cash and ¢ash equlv818ntS 9.805 C8$h and cash •qulvalent¥ 8t boglnnlng of y•ar Cash and ¢4#h equlvglonts at end of ye•r 9,805 10
Charity Registration No. 1203516 Seek Peace NOTESTO THE FINANCIALSTATEMENTS FOR THE PERIOD ENDED 30THJUNE2024 Accountlng pollcles Charlty Informatlon Seek Peace is a charitable Incorporated organisation. The flnancial statements are prepared for the period from 12 June 2023 10 30" lune 2024. Accountlng conventlon The flnancial stalements have been prep8red In accordance with the charlty's eonstltulion, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Pr8Clice appli¢able to charities preparing their accounts In 8ccordanc8 with the Flnancial ReportSng Siandard appllcable In the UK and Republic ol Ireland IFRS 1021 letlective l J8nu8ry 20191" Th8 charliy is a Publlc 8enefit Eniity as defined by FRS 102. The linanclal statements have dep8rted from the Charities (Aceounts and R8portsl Regulations 2008 only to the extent required to provlde a true and 18irview. Thbs depanure has involved following the Statement of Recommended Practice for char5ties applying FRS 102 rather than the version ol the Statement ol Recommended Pr8Clice which 58 referred to In the Regulatlons, but whlch has slnce fjeen withdrawn. The finBnc581 st8temenl8 are preparecl in sterllng, which is the functional currency of ihe charlty. Moneiary amounts In these tlnancSal $18iements are rounded to the nearesi £. The IlnancI81 statemen18 havg been prepared under the hs1OrIcal cost convention. The princip81 accouniing policI88 adopted are Set out below. Golng¢oncern At the tlme ol approving the fln8ncig1 statements. the trustefjs have a reosonable expectation that the charity has adequate resourcès io coniinue in operational exlstence lor at le8st a furtheT 12 months. This assessment hgs been mode taking into account the retention of healthy cash balances. Thus the trustees continue io adopt the going concern basis of accounting in preparingthe accounts. Charltabl• tunds Unrestrlcted lunds are available fof use ot the discretion of the trustees in lurtheiance of iheir Charitable objeclives. Designated funds comprise funds which h8ve been sei aside at the discretlon of the trustees for specific purposes. There were no designated lunds al the period end. RestrScted funds 8re subject to specific conditions by Oonors as to howthey may be used. Theie were no restrlcted funds 8t Ihe period end.
Charity Registration No. 1203516 Seek Peace NOTESTOTHE FINANCIALSTATEMENTS ICONTINUEDI FOR THE PERIOD ENDED30TH JUNE 2024 ncome Income is recognl8&d when ihe charity is legally entStled to it after any performance condltlons have been met, the amounts can be measured reliably. and it is probable that income will be recelved. Ca8h donatlon8 are rfjcogni58d on receipt. Other donations 8r& recognised once the charity has been notified of the donailon, unless performance conditions require deferral of the amount. Income tax recoverable in relatlon to donatlons received under Glft Aid is recognised at th& time of the donation. Legacles are recognlsed on fecelpt or otherwise itlhe charity has been notilied of an Impendlng disiribution. the arnouni Is known, and recelpt is expgcied. If the amount is not known, the lègacy Is treat8d as 8 contingent asset. Expendltur• Expendlture is gccounted for on an gccru81s basls and allocated to the 8pproprlate heodlng in the accounts. Giants and don81ions payoble arg taken Into account Ot the e*rlior of when they are pal¢J or become legally enlorceable. Other than the normal commitment5 un(Jer eontr8cis ol employrnent there are no contractual or conslructlve obllgations to future expenditure at the balance sheet date. Where the irustees have authorised expenditure which Is not yet legally enforceabl8 or become constructlve obligations amounts are sei aside Into funds designated tor the purpose. Cash and ¢•sh aqulvalent¥ CBsh and cash equivalents include cash in h8nd, deposits held at call wlth bank$. other shon- lerm liquld investments with original maturities otthree month5 or les8. and bank overdr8fts. Bank overdrofts are shoY4n wlthin boTrowlngs in current liabilltie8. Flnancl41 Instruments The charity only has Ilnancial Bssets and flnancial Ilabilities ol 8 kind that qualify 88 b88iC financial instruments. Baslc financlal instruments ore initially recognised at transactlon value and subsgquently me8sured 81 Iheir selliement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.8181 Employ¢• beneflt$ The co81 of any unused holiday entltlement Is recogni8ed in the period in which the employee's services are received. Termlnaiion benefils arg recognised immgdi8lely as an expen89 when the charity18 demonstr8bly committed to ierminaie the employment of an employee or to provide termination benefits. 1.81b) Retlrement benètit3 Payments to delined contribLrtion retirement benefit schemes 8re chaiged as an expense as they fall due. 12
Charity Registration No. 1203516 Seek Peace NOTES TOTHE FINANCIALSTATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 30THJUNE2024 TangSbl• flxed assets Tangible fixed assets are initially me8sur&d at C08t and subsequently me8sured at cost or valuation. net of depreciation and 8ny impalrment losses. Assets costing less ihan E500 are written olf as an 8xpense In the year in which the expendilure Is incurred. Depreciation 18 recognlsed so os to wiite off the cost or valuation of asseis less thglr residual values over their useful lives on ihe followlng base8- Fixtures and 1Sttlngs 3 years slraight line The gain oi 1083 arislng on th6 dlsposal o18n asset 18 detormlned as the ditterence betsveen the sale procèeds and the corrylng value of the 8888t and Is recognised in net incomellexpenditurel for the year. Crltlcol accountlng estlmate5 andJudgem8ntS In the applicatSon ol the charlty'8 8ccountlng polScie8, Ihe trustees are requSred io make judgements, esllmates and assumptions about the carrylng amount ol assèts and liabilitles thot are not readily apparenl Irom other sources. The estimai8S and associated assumptSons are baseo on historic81 experience and other factors that are considered io be relev8nt. Actu81 results m8y dlffer from th8se èstimate8. The esiimotes 8nd underlying assumptlons 8r8 reviewed on 8n ongolng basls. Revislons to 8ccounllng estimates are recognised in the perlod in which the estimate Is revised wher9 the revlsion affects only that per5od, or in the period of the revision and future periods where the revision aflects both curient and Iuiure periods. There wero no critlC81 accountlngestimaies or judgèments 81 the period end. Ch8rltable 8¢tlvltles 2024 Wages and Salaries (note 41 Marketing Travel Insurance Depreciation Program and IT Cosis 14.179 2,198 1,867 1,024 174 60 19.502 13
Charity Registration No. 1203516 Seek Peace NOTESTOTHE FINANCIALSTATEMENTS ICONTINUEDI FOR THE PERIOD ENDED30THJUNE 2024 Employe8$ Numb¢T of employees The 8verage number of 8mploye88 during the period was.. 2024 Number Proleci management Wagos and salBrle8 Paid to Ihird PBrty Other pension costs 9,725 4.133 321 There were no employees whose annual remunerotlon was £60.000 or more. No tfustge received elthèr remuneratSon or expenses duringthe peilod. Tanqlbl• flxed a$$etg 14,179 Flxturg8 and flttlngs Total Co$t At 12 lune 2023 Additions 523 523 At 30 June 2024 523 523 Dapreclatlon At 12 June 2023 Ch8rge lorthe year 174 174 At 30 June 2024 174 174 Net book volue- At 30 June 2024 348 348 14
Charity Registration No. 1203516 Seek Peace NOTESTOTHE FINANCIALSTATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 30THJUNE2024 Debtor8 Amounts tslllngdue wtthln one y•ar: 2024 Gift Aid recoverable 113 113 CredltorB Amount$ lalllng du• wlthln one yoar: 2024 Accruals 300 300 C88h generated from operatlons 2024 Surplus for th8 perlod 9,996 Adlustments for.. Investment income recognlseo in stètemgnt of financI81 8Ctivitles Deprgciation and impairment ottanwbl8 fixed assets 1771 174 Movemenis in working capital linereasel in debtors Increase in creditors 11121 300 10.251 15