Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Statement of Financial Activities for the Year Ended 31 March 2023 UDre5tricted funds Total 2023 Iyote Income and Endoivments from: Donations and legacies Investment income Other income 24,461 126 26.256 24,461 126 Total income 50,843 50,843 Expenditure on: Raising funds Charitable activities (29.583) (2,685) {29,58J) (? 685) Total expenditure (32.268) {32,268) Net income 18,575 18,575 Net movernent in funds 18.575 18,575 RecoDciliatioll of fulld5 Total funds brought forward 31,976 31,976 Total funds carried forward 16 iO,551 Total 2022 Ullrt5tricted funds Note Income Elldoivments from: Donations and legacies Investment income Other income 7.437 39 19,309 7,437 39 19,309 Total income 26.785 26,785 Expenditure on: Raising thnds Charitable activities (37,942) (2.918) (37,942) (2,918) Total expenditure (40,860) (40,860) Net expenditure (14.075) {14,075) Net movement in funds (14.075) {14.075) Reeoneilialion of funds Total funds brought fonvard 46,051 46,051 Total funds carried forward 16 31.976 31.976 The notes on pages l O to 19 fomi an integral part of these financial statements. Page 7
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Statement of Financial Activities for the Year Ended 31 March 2023 (continued) All of the charity s activities derive from continuing operations during the above two periods. The funds breakdo for 2022 is showi in note 16. The notes on pages l O to 19 fomi an integral part of these financial statements. Page 8
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust (Registration number: 101671) Balance Sheet as at 31 March 2023 2023 2022 Note Fixed assets Tangible assets 15.966 15,634 Current assets Debtors Cash at bank and in hand 12 13 662 24,846 37,439 37.439 25,508 Creditors: Amounts falling due within one year 14 (2,854) (3,864) Net current assets 34,585 21,644 Total assets les5 current liabilities 50.551 37,278 Creditors: Amounts falling due after more tban one year 15 (5,302) Net assets 50,551 31,976 Funds of the charity: Unrestricled income funds Unrestricted funds 50.551 Total funds 16 50.551 31,976 The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 17 January 2024 and signed on their behalf by.. DacuSv4n•d by. SL9YAryf4Y7.'"""" """""""" """"" Mr Gerry Crehan Trustee The notes on pages l O to 19 fomi an integral part of these financial statements. Page 9
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 l Accounting policies Statement of compliance The financial slatements have been prepared in accordance with the second edition of the Charities Ststement of Recommended Practice issued in Oc(ober 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of prepara¢ion The Peace People Charitable Trusl meels the definition of a public benefit entit), under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention ivith items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. Going Concern The triistees consider that there are no material uncertainties about the charity's ability to continue as a going concem. Income alld endowments Voluntary income including donations, gift5, legacies and grants that provide core fijnding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with suificient reliability- Donations and legoeies Donations and legacies are recognised on a receivable basis ivhen receipt is probable and the amount can be reliably measured. Gronts receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be meL the income is recognised as a liability and included on the balance sheet as deferred income to be released. Deferred income Deferred income represents amounts received for future periods and is released io incoming resou¢5 in the period for which, it has been received. Such income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods. or The donor has imposed Conditions which must be met before the charity has unconditional entitlement. Inveslment income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Page 10
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliabl). All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannoi be directly attributed to particular headings they have been allocated on a basis consistent M'ith the use of resources, w'ith central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of s(aff costs. Roisingfunds These are costs incurred in attracting voluntary income. the management of investments and those incurred in trading activi(ies tha( raise funds. Support eosts Support costs include central fijnctions and have been allocated to activity cost categories on a basis consistent with Ihe use of resources, for example, allocating propertv costs bv floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governallce costs These include the costs attributable to the charity's compliance ivith constitutional and stathtory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Government grants Government grants are recognised based on ihe accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in 'hICh the relaied costs are recognised. Grants relating to assets are recognised over the expected useful life of the assei. Where part of a grant relating to an asset is deferred, it is recognised a5 deferred income. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for LTK corporation tax purposes. Accordingly.. the charity is potentially exempt from taxation in respect of income or capital gains received H'ithin categories covered by Chapter 3 Part I I of the Corporation Tax .4ct 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitsble purposes. Tangible fixed assets Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impainnent losses. Depreciation alld amortisAtion Depreciation i5 provided on tsngible fixed assets so as to ivrite off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows- Page 11
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfomled in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost Using the effective interest method, less pmvision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence ihat the charity will not be able to collect all amounts due according to the original frrn)s of the receiw'ables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insilfICant risk of change in value. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, Ivith the difference between the proceed5. net of transaction costs, and the amount due on redemption being reColS¢d as a charge to the SLitement of Financial Activities over the period of the relevant borrowing. Interest expense is reco]sed on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as Current liabilities unless the charity has an unconditional right to defer settlement of the liability. for at least twelve mon(hs after the reporting date. Fund structure Unreslricted income fvnds are general funds thal are available for use at the trustees discretion in furtherance of the objectives of the charity. Financial instruments Classificalion Financial assets and financial liabilities are re¢ognised when the charity becomes a party to the contractual provisions of the instrumen(. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contrnct that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 12
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Recognition and measurement All financial assets and liabilities are initially measured al transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excludinu transaction costs), unles5 the arrdnuement constitutes a financing transaction. If an arrangement constitute5 a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either lo settle on a net basis. or to realise the asset and settle the liability simulthneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of oNvnership of the financial asset, or c) the charity. despite having retained some. but not all, significant risks and rewards of owiership. has transf¢ed control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 13
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Debi inslrumellts Debt instwments which meet the following condilions are subsequentl}r measured at amortised cost using the effective interest method- (a) The contractual return to the holder is (i) a fixed amount- (li) a positive fixed rate or a positive variable rate- or (iii) a combination of a positive or a negative fixed rate and a positive variable rate. (b) The contract ma). provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated: provided such links are not leveraged. (c) The contract may provide for a deterniinable varialion of the return to the holder during the life of the instrumenL provided that (i) the new rate satisfies condition (a) and the variation is not coniingent on future events other than ( l ) a change of a contractual variable rdte- (2) io protect the holder against credit deterioration of the issuer; (3} changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (li) the new rate is a market rate of interest and satisfies condition (a). (d) There is no contractual provision that could, by its tern, result in the holder losing the principal amount or any interest attributsble to the current period or prior periods. (e) Contractual provision5 that permit the issuer to prepa). a debt instrument or perniit the holder to put it back to the issuer before matiirity are not contingent on fvture events. other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a centfdl bank or arising from changes in relevant taxation or law. (n Contractual provisions may pemlit the extension of the tem) of the debt instrument, provided that the return to the holder and any other contraciual provisions applicable during the extended temi satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other considerdtion expected to be paid or received. net of impainnent. With the exception of some hedging instruments. other debt instruments not meeting these conditions are measured ai fair value through profit or loss. Commitments to make and receiN'e loans which meet the conditions mentioned above are measured at cost (which may be nil) less impaimient. Inveslments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair N'alue is reliably measurable) are measured ai fair value rhrough profit or loss. Where fair value cannot be measured rellably. investments are measured at cost less impairnlent. Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 14
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Derivalivefinancial inslruments The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially recognised at fair value at the date a derivative contrdct is entered into and are subsequently remeasured to their fair value at each reporting date. The resuliing gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and efTective as a hedging instrument, in which event the timing of the recognition in Statement of fiTwJcial activities depends on the nature of the hedue relationship. Fair volue measurement The best evidence of fair N'alue is a quoted prtce for an identical asset in an actiTr'e market. Mlhen quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent iransactions of an identical asset on their ow) are not a good estimate of fair value, the fair value is estimated by using a valuation technique. 2 Income from donations and legacies Unrestricted funds General Total funds Donations and legacies. Donations from individuals 24.461 24,461 Total for 2023 24,461 24,461 Total for 2022 7,437 7,437 3 Investment income Unrestricted funds General Total funds Interest receivable and similar income- Interest receivable on bank deposits 126 126 Total for 2023 126 126 Total for 2022 39 39 Page 15
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 4 Other income UDre5tricted funds General Total funds Rentsl income 26.256 26,256 Total for 2023 26.?56 26,256 Total for 2022 19,309 19,309 5 Expenditure on raising funds a) Investment management costs Unrestricted fuDds General Total funds Note Allocated support costs 17,506 17,506 Total for 2023 17,506 Total for 2022 21.528 21,528 6 Expenditure on charitable activities Unreslricted funds General Total funds Note Govemance costs 2,685 2,685 Total for 2022 2.918 2,918 Page 16
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 7 Analysis of governance and support costs Governance eosts Unrestricted funds General Total funds Other governance costs 2,685 2.685 Total for 2023 2,685 2,685 Total for 2022 2.918 2,918 8 Trustees remuneration and expenses During the year the charity made the following transactions with trusttts: Mrs Clare Grehan-Toland Mrs Clare Grehan-Toland received remuneration of £1 1.683 (?022- £16,414) during the year. Mr Gerry Crehan £665 {20?2.. £585) of expenses were reimbursed to Mr Gerry Crehan during the year. 9 Staff costs The aggregate payroll costs were as follows= 2023 2022 Staff costs during the year were: Wages and salaries 12,077 16,414 No ernployee received emoluments of more than £60,0 during the year Page 17
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 10 Taxation The charity is a registered charity and is therefore exempt from tsxation. I l Tangible fixed assets Land and buildings Furniture and equipment Total Cost At l April 2022 Additions 86,727 30,298 1.849 17,025 1,849 At 31 March 2023 86,727 32,147 18,874 Depreciation At l April 2022 Charge for the year 28,959 1,231 101,391 ,517 286 At 31 March 2023 72.718 102.908 Net book value At 31 March 2023 14,009 1,957 15,966 At 31 March 2022 14.295 15.634 12 Debtors 2023 2022 Trade debtors 662 Debtors includes £Nil {2022= £662) receivable after more than one year. 2023 2022 Trade debtors 662 13 Cash and cash equivalents 2023 2022 Cash at bank 24,846 Page 18
Docusign Envelope ID.. B5152ADD-39E44B1 &BA82£AC67C20DCA7 The Peace People Charitable Trust Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 14 Creditors: amoullts falling due lthill otte year 2023 2022 Accruals Deferred income 2,854 2,854 1,010 2,8)4 3,864 15 Creditors: amoullts falling due after one year 2023 2022 Deferred income 5.302 16 Funds Balance at I April 2022 Incoming resources Resources expended Balance at 31 Mareh 2023 Unrestricted funds General 31,976 50,843 (32.268) 50,551 Balance al I April 2021 Incoming resources Resources expended Balance at 31 Mareh 2022 Unrestricted funds General 46.051 26.785 (40.860) 31,976 17 Related party trallsactions There were no related party transactions in the year. Page 19