CHRISTIAN PEACE EDUCATION FUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
3 1st DECEMBER 2024
Reglstered Charlty Number: 326266

CHRISTIAN PEACE EDUCATION FUND
REPORT AND ACCOUNTS
3 1st December 2024
Officers and Advisers
Report of the Trustees
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Accounts

CHRISTIAN PEACE EDUCATION FUND
OFFICERS AND THEIR ADVISERS
REGISTERED OFFICE
St. Joseph's
Watford Way
Hendon
LONDON
NW4 4TY
CHARITY NUMBER
326266
TRUSTEES
Sheila Gallagher
Margaret McNulty
Anne Nugent
Mary Ryan
John Williams
GENERAL SECRETARY
Ed Tiemey
BANKERS
The Royal Bank of Scotland plc
Drummond House
l Redheughs Avenue
EDINBURGH
EH12 9JN
INDEPENDENT EXAMINER
David Warren, F.C.A.
15 City Business Centre
Lower Road
LONDON
SE16 2XB
Page I

CHRISTIAN PEACE EDUCATION FUND
REPORT OF THE TRUSTEES
The trustees of the Christian 8eace Education Fund present their report and the flnancial statements for the
year ended 3 1st December 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Pund was set up by dedaration of trust dated 19th November 1982 for the education of the public,
particularly in schools, colleges, universities and parishes, in the sciences and disciplines concerned with the
creation and maintenanc.e of peace in the light of Christian teaching. It is a registered charity, number 326266.
Its trustees, of whom there must be at least four, manage the charity. Continuing trustees can select and
appoint new trustees.
OBJECTS AND ACTIVITIES
The primary aim of the Pund is to promote peace through education foT all ages, based on Christian teaching.
While grants are small, the trustees are pleased that the Pund has been able to encourage and facilitate sorne
creative initiatives over the years - allowing projects to happen that may not othenvise have been realised.
ACHIEVEMENTS AND PERFORMANCE
The charity awarded six grants to various projects including £179 for attendance at a peace seminar in Rome,
£800 to Peace Education Scotland for education packs for teachers
£800 to the Woodcraft Folk towards
exploring peace and conflict at Camp 100. £500 to support research leading to a book on Church Mission and
Peace Building in East Africa, £1,000 to the Fellowship of Reconciliation towards organising a peace conference
and £13,000 to support the peace education work of Pax Christi.
FINANCIAL REVIEW
During the year under review the Fund had net excess of income over expenditure of £73, 138 (2023 net defictt
£12,331 J. Income from donations and legacies was £88,577 (2023 £4, 620J. Two legacies amounting to £85,000
were received this year (2023
none). The trustees rnade grants of £16.279 (2023 £16,450) to groups and
individuals. Details have been given above and on page 7.
RESERVES POLICY
Total reserves at the end of the year were £100,3 17 (2023 £27, 179). The policy is to hold a reserve th2t is
sufficient for the fund to continue its work for the next three years.
TRUSTEES
The trustees during the year under review were.'-
Sheila Gallagher
Margaret McNulty
Anne Nugent
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustccs are required by the Charities Act to prepare a report for each financiaj period on the resources
entrusted to the chaTity and the activitics it undertakes. In preparing those financial statenents the trustees=_
select suitable accounting policies and then apply them consistently.
make judgments and estimates that are reasonable and prudent.
prepare the accounts on the going concern basis unless it is inappropriate to presume that the
charity will continue to operate.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any time the financial position of the charity and enables them to ensure that the financial statements comply
with the Charities Act 20 1 l. They are also responsible for sateguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detec.tion of fraud and other irregularities.
Mary Ryan
John Williams
Signed on beh￿r of the Trustees
October 2025
Page 2

CHRISTIAN PEACE EDUCATION FUND
n¥DEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CHRISTL4N PEACE EDUCATION FUND
I report to the trustees on my examination of the accounts of the Christian Peace Education Fund lthe Fund) for
the year ended 3 1st DeceLnber 2024.
Responslbllities and bas18 of report
As the charity trustees of the Fund you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20 11 l.the Aet.).
I report in respect of my examination of the Fund's accounts carried out under section 145 of the Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
lal accounting records were not kept in respect of the Fund as required by section 130 of
the Act. or
Ibl the accounts do not accord with those records. or
Icl the accounts do not comply with the applicable requirements concerning the fomi and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a °true and laiff view which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
DAVID WARREN. F.C.A.
Cocke, Vellacott & Hill
15 City Business Centre
Lower Road
LONDON
SE16 2XB
13 O￿T0￿C
2025
Page 3

CHRISTIAN PEACE EDUCATION FUND
STATEMENT OF FIfiAIqCIAL ACTtVlTIES
for the year ended 3 1st December 2024
Unrestricted Restricted Endowment Total Funds Total Punds
Funds
Funds
Fund
2024
iqote
2023
Income from
Donations and Grants
Legacies
Tax recoverable under gift aid
Investment income and interest
3,577
85,000
498
1,267
3,577
85,000
498
1,267
3,844
776
451
Total
90,342
90,342
5,071
Expenditure on
Raising funds
Charitable activities
Grants payable
Administrator
Office sundries
Governance
180
16,279
750
16,279
750
16,450
75Q
57
612
624
624
Total
17,653
17.653
18,049
Net gains Ilossesl on investments
449
449
647
Net Income I lexpenditUTel
72,689
449
73,138
(12,331)
Transfers between funds
Net movement in funds
72,689
449
73.138
(12,331)
Reeoneiliation of funds
Total funds brought fonvard
25,991
1,188
27,179
39,510
Total funds carried fonvard
98.680
1,637
100,317
27,179
All of the above results were derived from continuing activities and there are no other recognised gains and
losses other than the above.
Based on historical cost the equiv8Jent net gain for the year is £72.3 14 (2023- iiet loss £13,802).
The notes on pages 6 ond 7forTnpart of the finoncial statements.
Page 4

CHRISTIAN PEACE EDUCATION FUND
BALANCE SHE
as at 3 1st December 2024
Note
2024
2023
FIXED ASSETS
Investments
1.637
1,188
CURREIqT AssFrs
Debtors
Cash at bank
3.066
98,676
19391
3,548
25,175
379
deposit account
current account
100,803
29,102
LIABILITIES
Creditors.. Amounts falling due within one year
Accruals
12, 1231
f3,IllJ
Net current assets Iliabilitiesl
98,680
25.991
NFf AssErs
100,317
27,179
THE FUfqDS OF THE CHARITY
Endowment funds
Expendable endowment fund
Restricted income funds
Christi Fund
1.637
1,188
Unrestricted income funds
General reserve
Revaluation reserve
98,680
25,991
TOTAL CHARITY FUNDS
100,317
27,179
The financial statements were approved by the Trustees
on 6 October 2025 and signed on their behalf by:
Trustee
The notes on pages 6 and 7fonnpart of the fintxncial state￿entS.
Page 5

CHRISTIAIY PEACE EDUCATION FUND
NOTES TO THE ACCOUNTS
for the year ended 3 1st December 2024
ACCOUNTING POLICIES
(al Basis of accountlng
The financial statements are prepared under the historical cost convention as modified by the
revaluation of fixed asset investments and follow the recommendations of the Charity Commission in
'Charities SORP IFRS 1021" and the Financial Reporting Standard applicable An the United Kingdom
and Republic of Ireland IFRS I021 and the Charities Act 2011.
Ibl Incoming resources
In preparing the accounts, the trustees have considered whether in applying the accounting policies
required by FRS 102 and the Charities SORP IFRS 1021 a restatement of comparative items was
needed. No statements were required Ic/f note Sl.
Icl Resourees expended
Liabilities, including VAT, are recognised as soon as there is a legal or constructive obligation
committing the charity to the expenditure. Expenditure is included in the statement of financial
activities on an accruals basis. Expenditure incurred on activities falling directly within one cost
category is attributed to that category. Expenditure, which involves more than one cost category> IS
apportioned on a reasonable, justifiable and consistent basis to the cost categories involved.
Idl Charltable activities
This includes the making of grants and the expenses involved in making those grants. Grants payable
are those grants that have been recognised as payable or for which a moral obligatson to pay the grant
exists.
lel Governance costs
Governance costs comprise all costs involving the public aceountabJity of the Fund and its compliance
with regulations and good practice. These costs include costs related to the statutory audit.
lfj Investments
Investments are initially recognised at their transaction vaLue and subsequently included in the
financial statements at their fair value as at the balance sheet date. For listed investments, fair value is
based on the closing middle market price on a recognised stock exchange. Gains and losses on
disposals of investtnents are taken to the statement of financial activities. Unrealised gains and losses
go through the statetnent or rinancial activitics from where they are transferred directly to the
investment revaluation reserve. Investment incorne has been taken into account on the basis of the due
date of payment.
Igl TaxatAon
The Fund is a charity and does not carry out any trading activities. It is therefore considered that the
Fund is not liable to taxation on its activities.
Ihl Funds
EndOw￿entfvrtd.. expendcd)le
The Fund represents investments listed on a recognised stock exchange, the investments having been
donated to Christian Peace Educatson Fund. The Fund balance at the balance sheet date reflects the
market value of the inVeSt￿ents.
Restricted inC0￿e￿ndS
The Pax Christi Fund arose from specific grants and donations for the work of Pax Christi.
Unrestricted tncoFnefvnds.'
General reserve
The balance on general reserve represents the surplus funds of the charity to be expended in the neaT
future
RevaluotioTL reserve..
The balance on revaluation reserve represents the difference between the increase in market value of
investments at the year end and their historical cost.
Page 6

CHRISTIAN PEACE EDUCATION FUND
NOTES TO THE ACCOUNTS
for the year ended 3 1st December 2024
INVESTMENTS
2024
2023
Marks and Spencer Group, ord. 25p shares:_
Market value at start ol period
Disposal
Qain on disposal
Unrealised gain / Ilossl for the period
1,188
541
449
647
Market value at end of period
1,637
1,188
Marks and Spencer Group. ord. 25p, at cost
2.012
2,012
Revaluation Reserve
3. CHAWTABLE EXPENDITURE
Unrestricted
Restricted
2024
2023
Grants payable..
Pax Christi for peace education work
Five projects (2023-fiveJ
13,000
3,279
13,000
3.279
12,000
4,450
16,279
16,279
16,450
4. TRUSTEES
None of the trustees received any rernuneration or expenses during the year (2023 none).
There were no related party transactions in the year (2023 none).
DEBTORS
2024
2023
Gift aid ta￿ recoverable
Prepayment
2,676
390
3,158
390
3,066
3,548
Page 7