Charlty reglstratlon number NIC102096
Company reglstratlon number IP00257 (Northern Ireland)
INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
CONTENTS
Page
Charity Informalion
Trust88s' r8POrt
Statement of Trustees, responsibilities
Independent auditors report
ststement of financial activities
9-10
Balance sheet
11
Notes to the financial slatements
12-20

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr SW Barr
Mrs D Martin
Mr D Jenkins
Mr D White
Mr P Craig
Mr D Woods
{Appoinled 3 May 2023)
(Appointed 3 May 2023)
S•¢r•tsry
Mr D White
Charlty numbor
NIC102096
Company numbèr
IP00257
R•gl8t•r•d offlc•
Ebrington Business Centre
Glendemiott Road
Londonderry
BT47 68G
Audltor
Moore {Nl) LLP
21123 Clarendon Street
DerrylLondonderry
BT48 7EP
Bankars
AIB Bank
Meadowbank
Strand Road
Derry-Londonderry
BT48 7TN
Ulster Bank
POBox3
29 Clooney Terrace
Londondery
BT47 6AS
Sollcltor•
Gillan Barr & Co. Inc Mcclenahan Crossey
41 New Row
Coleraine
County Londonderry
BT52 1AE

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2022
The Trustees present thelr report and flnancial statements for the year ended 31 August 2022.
The financlal ststements have been prepared In accordance with the accountlng pollcles set out In note 1 to th8
financial statements and comply with the charity's Memorandum and Aflicles of Association, the Industrial and
Provident Societies Act 1969 and "Accounting and Reporting by Charities.. Statem8nt of R8comm8nded Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in
the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from.1 January 2019)
Objectlves and actlvltles
Our Wislon, Misslon and Value5
The work of the Internalional Schwl for Peace Studies is to help build bridges and promote a peaceful and inclusive
society for all in the island of Ireland.
Our Vlslon
We believe:.
In a society where conflict can be resolved non violently
That everyone has a voice and deserves lo be listened to
In a society where the humanity of everyone is respected and acknowledged
Our Mlsslon
The Intemalional School for Peace Studies (l.S.P.S) is dedicated to the resolving of differences and conflict
transformation through exclusively peaceful means, and rejects all forms of violence or intimidation as a maans to
creeting change.
Our Values
All our work Is driven by our purpose and core values..
To promote conflict r8solution, r8conciliation and peace building for the public benèfit. nation811y and
internationally so as to relieve suffering and distr8SS
To build and maintain social cohesion and trust within and be￿een communities
Promote understanding, respect, friendship, tolerance and peace belween all communltles
Devise and dellver slngle Idenilty and cross communlty programmes
Advance Community development through accredited and non accredited educational courses
To encourage cultural development which support peace activities in Northern Ireland and the Republlc of
Ireland
To be a localion for people to visil and participate in programmes
To fulfil our aims through inclusivity. credibility. honesty and integrity and by working in partnership with
others
To apply the highest corporate governance Standards to all projectslprogrammes in receipt of public funds
Offer equal opportunities for all to benefit from what we have to offer
To invite all people of Ireland to embrace the story of Messines and its spirit of brotherhood

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Achlevements and performance
er
and Strabane District Coun¢ll - Good Relatlon
oct Grnnt Ald
An application was submitted to DCSDC in April 2022 under its Good Relations Grant to deliver another series of
workshops on Holocaust Awareness. The Intemational School for Peace Studies received a letter of offer on 7th
July 2022.
Der
ci
and Strabane Dlstrlct Coun
11- Communl
ortGr
nt
On 27th April 2022 an application was forwarded to DCSDC for financial assistance for core costs through Its
Community Support Grant. Unfortunately the application was unsuccessful.
ment of Forel n Affairs Reconclllatl n F
After a further ease of Government restrictions ISPS staff retumed back to work on 1•1 October 2021. This funded
programme commenced December 2021 and concluded March 2022. Thity participants from Lisnagelvin Ladies
Group acquired and OCN Level 1 in Conflict Transformation of the Messines Story Homephase.
Ard8 & North Down Borou
h Councll
The International School for Peace Studies Ltd delivered 2 programmes for ANDC. the first being Holocaust
Awareness workshops and the second a Flags and Emblems programme. These workshops were conducted via
Zoom wlth approximately 16 participating.
ex & Radlus Housln
On behalf of Apex and Radius Housing th8 International School for Peace Studles dellvered Its OCN Lèvel 1
"Conflict Transformation and the Messines Story Plomephase. to 13 people from the Dungannon area be￿een Aprll
to May 2022. This group will be progr8ssing to Level 2.
Radlus Hou$ln
In May 2022 ISPS was approached by Radius Houslng to engage with people from its Ebrlngton Oaks Project to
deliver our OCN Level 1 Homephase programme, 17 partlclpants from the area benefitted from this programme.
Due to the success of the first programm8 the houslng assoclatlon asked ISPS to dellver a serles of V￿rkShopS
based on our bespoke programm8 Flags & Emblems.
Flnanclal revlow
Total income for Ihe year was £112,044, of which approximately 6% was generated from grants and 94% from other
charitable activities. Total expenditure was £131,377 and 100 % of this was expended on direct charitable activities.
The balance on total funds 8t the year-end was £287,532. of which £285,987 was unrestricted in nature and £1,545
was restricted in natura.
Resorvo8 poIIcy
The Trustees consider it prudent to hold mnies in reserve in the event that unforeseen circumstances should lead
to financial difficulties which might put the future of its employment capacity, users, well-being and general charitable
work in jeopardy.
The Trustees have examined the charity's requirements for reserves in the light of the main risks to the organisalion
and established a formal policy which stipulates that free reserves be maintained at a level which ensures that the
charity's core activity could continue during a period of unforeseen difficulty. Free reserves are defined by the
Trustees as unrestricted income funds freely available for use as the charity so determines and thereby excludes
any funds committ8d, invested in tangible fixed assets held by the chadty and restricted or designated funds.
Th8 Trustees have assessed the major risks to which the charity, and are satisfied that systems are in plac8 to
mitigate exposure to the major risks.
Plans for future perlods
Our immediat8 plan for the future is to conlinue to work and secure the sustainability of the charity and the vital work
of our Messines Project. We a￿ currently focused on continuing to source funding from trusts. foundations and
statutory agencies for programm& and core costs so that we can continue to expand our v￿rk.

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Structure, governance and managemont
Governing document
International School for Peace Studies is a society limited by guarantee and accepted a6 charitable by HMRC under
reference XT 40250. The society was established under the Industrial and Provident Societies Act 1969 which
estsblished the objects and powers of the society. The liability of members is limited in that every member of the
society undertakes to contribute an amount not exceeding £1 in the event of the company being wound up.
The Trustees, who are also the directors for the purpose of company law, and who served durfng the year and up to
the date of signature of the financial statements were..
Mr SW Barr
Mrs D Martin
Mr D Jenkins
Mr D Whlte
Mr P Craig
Mr D Woods
(Appointed 3 May 2023)
(Appointed 3 May 2023)
Recrultment and appolntment of the Trustees
Under the requir6m8nts of the Industrial and Providenl Society unless otherwise determined by the company in
General Meeting the number of Truste8s shall not be less than four. Trustees ar8 elected to serve only until the next
Annual General Meeting at which they shall then be eligible for re-election.
In the financial year no new Trustees were appointed. The Board as a whole was approved by the AGM and
continues to monitor its membership.
Rlsk Management
The Trustees are aware of the major risks lo which the charity is exposed. Where appropriate, systems or
procedures have been established to mitigate the risks the charity faces. Intemal control are minimised through the
procedures for authorisation of ell transactions and projects. Procedures are in place to ensure compliance with
applicable laws and regulations. These procedures are reviewed periodically to ensure that they continue to meet
the needs of the charity.
All members of the Board of Truslees glve their time voluntarily and receive no benetlts from the charfty. Any
expenses r8claimed from the charity are sel out In the notes to the financial statements.
Audltor
In accordance with the charity's articles, a resolution proposing that Moore INI) LLP be reappointed as audltor of the
charity will b8 Put at a General Meeting.
The Trustees, report was approved by the Board of Trustees.
VbK_-
MrD
hite
Trustee
Mrs D Martin
Trustee
26 September 2023

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2022
The Trustees, who are also the dlrectors of Intemational School For Peace Studles Limited for the purpose of
company law, are responsible for preparing the Trustees, Report and the financial statements in accordanc8 Wlth
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charity and of the incoming resources and application of resources, including
the income and expenditure, of the charitable company for that year.
In preparing these financial statements. the Trustees are required to:
select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP.,
- make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial stat8ments,' and
prepare the financial statements on the going concern b88ig unless it is inappropriate to presume that the charity
will continue in operation.
The Twstees are responslble for keeping adequate accounting records that disclose wlth reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the flnanclal statements comply wlth the
Companies Acl 2006. They are also r8sponsibl8 for safeguarding the assets of the charity and hence for taklng
re8sonabl8 St8ps for th8 prevention and detection of fraud and other Irregularities.

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
Oplnlon
We have audited the financial statements of Intemational School For Peace Studies Llmited (the 'charity') for the
year ended 31 August 2022 which comprise the statement of financial activities, the balance sheet and notes to the
financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Fin8nci81 R&porting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
glve a true and fair view of the state of the charltable society's affairs as at 31 August 2022 and of its Incoming
resources and application of ￿SourCes, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practice;
and
have been prepared In accordance with the requirements of th8 Industrial and Provident Socl8ti8s Act 1969.
Ba$ls for oplnlon
We conducted our audlt In accordance wlth Intematlonal Standards on Audltlng (UK) (ISAS (UK)) and appllcable
law. Our responslbillties under those standards are further descrlb8d In Ihe Audltors responslbllltles for the audlt of
th8 financial st8t8m&nts section of our report. W8 are Independent of th8 charity in accordanc8 with th8 ethical
requirem8nts that ar8 relevant to our audil of the financial slat8ments in th8 UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirement8. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng Concern
In auditing the financial stalem&nts. we have concluded that the Trustees, use of the going concern basis of
accounting in the pr8paration of the financial statements IS appropriate.
Based on the work we have perfomed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going
concem for a penod of at least ￿e1ve months from when the financi81 statements ere authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described In the
relevant sections of this report.
Other Infornlatlon
The other Information comprises the information included in the annual report other than the financlal statements
and our auditof s report thereon. The Trustees are responsible for the other infomatlon ¢ontslned wlthin th& annual
rèport. Our opinion on the financlal statements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our rèsponsibility is to read the other information and. In doing so, consider
whether the other information is materially inconsistent with the financlal statements or our knowledge obtained in
the course of the audit, or otherwis8 appears to be materially misststed. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine wheth8r this gives rise to a material misstatement
in the financlal statements themselves. If, based on the work we hav& performed, we conclude that there Is
material misstat8ment of this other infomiation, we are required to report that fact.
We have nothlng to report in this regard.
Matters on whlch we are requlred to report by exception
We have nothing io report in respect of the following matters in relation to which the Charilles (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the Trustees,
report., or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records. or
we have not received all th8 infomiation and explanations we require for our audit.

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
Rèsponslbllltles of Trustees
As explained more fully in th6 Statement of Trustees, responsibilities, the Trustees, who are also the d1￿CtOrS of the
charity for the purpose of company law. are responsible for the preparation of the financial statements and for being
Satisfied that they give a true and fair view, and for such internal control as the Trustees determine is n8cessary to
enabl8 the preparation of financial statements that are fr88 from material misstatement, whether due to fraud or
error. In preparing the financial statements, the Trust88s ar8 responsible for assessing th8 charity's ability to
continue as a going concem, disclosing, as applicable, matters related to going conc8m and.using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternativ8 but to do so.
Audltor's responslbllftles for the audlt of the financlal statoments
Our obj8CtiV8s are to obtain reasonable assurance about whether the financial statements as a whol8 are free from
material misstat8m8nt, wh8ther due to fraud or error, and to issue an auditor's r8POrt that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordanc6
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can aris8 from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be exp8Cted to influence
the economic decisions of users tsken on th8 basis of these financial ststements.
The extent to whlch our procedures are capable of d8tecting Irr8gularitl85. including fraud. is detsll8d ￿lOw.
Extont to whlch the audlt was conslderod capable of delèctlng Irrogularltles, Includlng fraud
The objects'ves of our audit in respect of fraud, are., to identify and ass8SS the risks of material misstatement of th8
financial statements due to fr8ud,' to obtain sufficient appropriate audit evidence regarding the assessed risks of
material misstalem8nt due to fraud, through designing and implementing appropriate responses to those assessed
risks,. and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the
primary responsibility for th8 pr8V8ntion and detection of fraud rests with both management and those charged wlth
governanc8 of the charitable company.
Based on our understanding of the charftable company and Its operating environment, we detemined th8t th8 most
slgnificant frameworks which have a direct impact on the preparation of the financial statements are those related to
the reporting framework, (FRS 102. the Charities Act (Northern Ireland) 2008, The Charities {Accounts and Reports)
Regulations INorth8m Ireland) 2015, the Charity SORP and the Industrial Provident SocietyAct.
We assessed the suscepts'bility of the charitable company's financial statements to material misstatement, including
how fraud might occur, including evaluating management's incentives and opportunities to manag8 eamings or
influence the reported results. From the results of our ass8ssment, we determined that the principal risks of fraud
relate to posting inappropriate journal entries and use of charity funds for purposes outside of r88trictions imposed
by the donor. In common with all audits under ISAS {UK). we are ￿qUired to wrfonn sp8cific procedures to respond
to th8 risk of managem6nt override.

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
Audll response to rf5ks Identlfled
As part of an audit in accordance with ISAS (UK) 8xercis8 prof8ssional judgement and maintain professional
sc&pti¢ism throughout the audit. Audit procedures performed by the engagement t&am includ8d.'
We obtained an understanding of the charitable company's internal control systems in order to design audit
procedures that are appropriate in th8 circumstances, but not for the purposes of expressing an opinion on
Ihe effectiveness of the charitable company's internal control.
W8 obtained an understanding of how the charitable company complies with r818vant lavrt and r8gulations.
including those as a result of its registration with the Charity Commission for Northem Ireland and
charitable status with HM Rev8nue & Customs , by making enquiries of management and those charged
with governance.
Enquiry of management, those charged with governance and th8 entity's Solicitors around actual and
potential litigation and claims.
Enquiry of entity staff lo id8nlify any instances of non-compliance with laws and regulab'ons.
Perfomiing analyb'cal procedures to identify any unusual or unexpected r8lationships that may indicate
risks of material misstatement due to fraud
Reviewing minutes of meetings of those charged with govemance
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations.
Auditing the risk of management override of controls, including through testing journal 8ntries and other
adjuslm8nls for appropriateness, and evaluating the business rationale of significant transactions that are
unusual or outside the nomal course of business.
Auditing the risk of use of charity funds outside of restrictions imposed by the donor by review of funding
letters of offer to identify restrictions, and review of funding claims prepared by management to check
compliance with restrictions.
We communicated ￿levant laws and regulations and potential fraud risks to all engagement team members, and
remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There
are inherent limitations in the audit proCedU￿S described above and the further removed nonwcompliance with18WS
and regulations is from the 8vents and transactions reflected in the financial statements, the less likely we would
become aware of it. Also, th8 risk of not d8tecting a material misstatement due to fraud is higher than the risk of not
det8Cting one resulting from error, as fraud may involv8 d81iberate conc8alment through collusion. forgery,
intentional omissions, misrepresentations or the override of intemal control.
A further deBCriPtion of our responsibilities is available on the Financial Reporting Council's websit8 at: https.'Il
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report.
This report is made solely to the company's members, as a body, in accordance with section 391 of the Companie8
Act 2014. Our audit work has been undertaken so Ihat we might stale to the company's members those matters we
are required to state to them in an auditor's report and for no other purpose. To th8 fullest ext8nt P8nmitted by law,
we do not accept or assume responsibility to anyone other than the company and th8 company's members 88 8
body. for our audit work, for this r8POrt, or for th8 opinions we have fomed.
U&JL .
John Love (Senlor Ststutory Audltof)
for and on behalf of Moore (Nl) LLP
26 September 2023
Chartered Accountants
Statutory Audltor
21123 Clarendon Street
DerrylLondondery
BT48 7ÈP
Moore (Nl) LLP is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
Curr•nt flnanclal yoar
Unrn8tricted Restrl¢ted
funds
funds
2022
2022
Total
Total
2022
2021
Notes
Charitable activities
105,639
6,405
112,044
73,426
endlture on..
Charitable activities
105,068
26,309
131,377
73,707
Other
799,455
Total exp•ndltur•
105,068
26,309
131,377
873.162
Nol Incomlngl{outgolng) r•sourcos before transfers
571
(19,904)
119,333)
(799.736)
Gross transfers between funds
270
(270)
Net Incomol(exp•ndltur•) tor th• yearl
Not movomenl In funds
(20,174)
{19,333)
{799,736)
Fund balanc88 at 1 Sept8mb8r 2021
285,146
21,719
306,865
1,106,601
Fund balances at 31 August 2022
285,987
1,545
287,532
306.865
The statement of financial activities includes all g8Sns and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and eX￿ndIture account
under the Companies Act 2006,

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
Prlor financlal year
Unr•strlct•d Unre•trl¢ted Restrlct•d
funds
funds
funds
gèneral d•$lgnated
2021
2021
Total
2021
2021
Note•
Income fr
Charitable activities
35,042
38,384
73,426
ndltur• on:
Charitable activities
39,405
34,302
73,707
Other
134,158
665,297
799,455
Total expendlture
173,563
665,297
34,302
873,162
Net Incomlngl(outgolng) resources before transfers
(138,521) 1665,297
4,082
(799,736)
Gross transfers belween funds
86
(86)
Net Incomel(expendlture) for the yearl
N•t movement In funds
1138,435) (665,298)
3,997
{799,736)
Fund balances at 1 September 2020
423,581
665,298
17,722
1,106.601
Fund balanc•s at 31 August 2021
285,146
21,719
306,865
10-

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
BALANCE SHEET
ASAT31 AUGUST2022
2022
2021
Not•$
Flxed assets
Tangible assets
10
198
416
Current aS￿ts
Debtors
Cash at bank and in hand
11
12,6n
286,999
2,248
316,339
299,676
318,587
Credltors: amounts falllng due wlthln
one year
12
(12.342)
{12,138)
Net current assets
287,334
306,449
Total a880ts1•88 currènt Ilabllltl••
287.532
306,865
Incom• fund•
Restrlcted funds
Unr8Strict8d funds - general
13
1,545
285,987
21,719
285,146
287,532
306,865
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 August 2022, although an audit has been carried out under section 144 of the Charits'es
Act 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared In accordance with the provisions applicable to companles subject
to th8 small compani8s regim8.
The financial sLgtements were approved by the Trustees on 26 September 2023
Mrs D Marti
Trustee
Mr D White
Trustee
Company registratlon number IP00257
11

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Accountlng pollclos
Charlty Inforniatlon
Int8mational School For Peace Studles Limited is a society Ilmited by guarantee incorporated in Northem
Ireland. The registered office is Ebrington Business Centre, Glendennott Road. Londondery, BT47 68G.
1.1 Accountlng conv•ntlon
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of
Association, the In(lustrial and Provident Societies Act 1969 and -Accounting and Reporting by Charitl88:
statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in th6 UK and Republic of Ireland (FRS 1021" (as amended for
accounting periods commencing from 1 January 2019). The charity is a Public Benefil Entity as defined by
FRS 102.
The charty has taken advantage of the provisions in the SORP for charitles applying FRS 102 Update Bulletln
1 not to Prepa￿ a Stalemenl of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charlty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. Imodified to include the
revaluation of freehold properties and lo include investment properties and certain financial instruments at fair
Value]. The princip81 accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial stalemenls, the Trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foresee8ble future. Thus the Trustees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use 8t the discretion of the Trustees in furtherance of thelr charltable
objectives.
Designated funds comprise funds which have been set aside at the dlscretlon of the Trustees for speclfic
purposes. The purposes end uses of the designeted funds are set out In the notes to the financlal statements.
Restricted funds are subject to specific conditions by donor8 as to how they May be used. The purp08es and
uses of the restricted funds are sel out in the notes to the financial statements.
1.4 Income
Income Is recognlsed when the charfty Is legally entitled to It after any performance condltlons have been met.
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distributlon,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
is probable that settlemenl will be required and the amount of the obligation can be measured feliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
12-

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Accountlng pollcles
(Contlnued)
Expenditure on charitsble activities includes the costs of services undertaken to further the purposes of the
charity and their associated support costs.
1.6 Tanglble flxed assets
Tangible fixed assets are Initially measured at cost and subsequently measured at cost or'valuatlon, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Flxtur8s and fittings
12.5•/0 & 20% stralght Ilne
The gain or loss arising on the disposal of an asset is determined as the difference beh¥een the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impalrmant of fixed assets
At each r8POrting end date, the charity reviews the carrylng amounts of Its tanglble assets to delermine
wh81h8r ther8 is any indication that those assets have suffered an impairment loss. If any such indication
exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.8 Cash and Cash •qulvalants
Cash and cash equivalents Include cash in hand. deposlts held at call wlth banks, other short-term Ilquld
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
wlthln borrowings In current liabllitles.
1.9 Flnanclal Instrumonts
The charity has elected to apply the provisions of S8Ction 11 '8aslc Flnanclal Instruments, and Sectlon 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Flnanclal Instruments are r8cognls8d in the charlty's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intenlion to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial assets, which include d8btors and cash and bank balances, are initially m8asured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
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INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Accounllng pollcles
(Contlnued)
Baslc Ilnanclal Ilabllltles
8asic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured 81 the present
value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt Instruments ar8 subsequently carried at amortlsed cost, uslng the effective Interest rate method.
Trade creditors are obligatlons to pay for goods or servlces that have been acqulred In the ordlnary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment Is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognis8d inltlally at
trensacllon prlce and subs8quently measured at amortlsed cost using th8 effective Inlerest method.
Derecognltlon of flnanclal IlablllNe$
Flnancial liabilit188 are derecognised when the charSty's contractual obllgatlons explre or are dl8ch8rged or
cancelled.
1.10 Taxatlon
The company is a charity and is recognis8d as such by HM Revenue & Custom8 under the charity tax
reference XR11534. As a result, there 16 no liability to taxation on any of its income.
1.11 Employee ben•flt8
The cost of any unusad holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to termlnate the employment of an employee or to provide termination benefits.
Crltlcal accountlng estlmat•$ and Judg•monts
In the application of the charity's accounting policies, the Trustees are required to make judgement8.
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlylng assumptlons are reviewed on an ongoing basis. Revisions to accounllng
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
14-

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Charltsblo actlvltles
2022
2021
Perfomiance related grants
Programme income
Charitable rental income
Other income
4,124
104,749
4,172
35,042
34.212
3.171
112,044
73,426
Analysls by fund
Unrestricted funds - general
Reslrlct8d funds
105,639
6,405
35,042
38,384
112,044
73,426
Performanc• rnlated grants
DCSDC - Community Support Fund
DCSDC - Good Relations
DCSDC - Tourism Project
DFA- Home Phase
3.850
3.997
175
274
4,124
4,172
15-

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Charltable actlvltle$
2022
2021
Depreciation and impairment
Grant costs
Programme costs
269
26.309
32,457
605
34,302
59,035
34.907
Share of support costs (see note 5)
Share of govemance costs (see note 5)
65,371
6,971
33,774
5,026
131,377
73,707
Analy•l8 by fund
un￿StrICted funds - general
Restricted funds
105,068
26,309
39,405
34,302
131,377
73,707
Support costs
Support Governance
co$1•
Costs
2022
Support Governance
costs
costs
2021
Staff costs
Premises costs
Administration costs
Molor costs
Bank charges
Sundry costs
55,016
2,254
2,730
162
432
4,777
55,016
2,254
2.730
162
432
4.777
1,451
24,874
2,010
1.451
24.874
2.010
5,265
174
5.265
174
Audit fees
Legal and professional
Insurance
3,900
2.235
836
3,900
2,235
836
3,900
3.900
1,126
1.126
65,371
6.971
72,342
33,774
5.026
38,800
Analysed between
Charitsble activities
65,371
6,971
72,342
33,774
5.026
38,800
Governance costs includes payments to the auditors of £3,900 (2021- £3.2001 for audit fees.
16-

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Trusta•s
None of the Trust8es (or any persons connected with them) received any remuneration or benefits from the
chartty during the year.
Employ•è8
The average monthly number of employees durtng the year was:
2022
Number
2021
Number
Employmant costs
2022
2021
Wages and salaries
55,016
1.451
There were no employees whose annual remuneration was more than £60.000.
Other
Total
Unrestrlcted Unr•strlct•d
funds
lund•
general deslgnatod
2021
2021
Total
2022
2021
Net loss on disposal of tangible fixed assets
134,158
665,297
799,455
134,158
665,297
799,455
Taxatlon
The charity is exempt from lax on income and gains falling within section 505 of the TaxesAct 1988 or sectlon
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
17-

INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
10 Tanglblo flxod assets
FlxtUT•• and Ilttlng•
Cost
At 1 September 2021
Additions
Dlsposals
19,957
51
(14,944)
At 31 August 2022
5,064
Depreclatlon and Impalnnont
At 1 September 2021
Depreciation charged In the year
Eliminated in respect of disposals
19,541
269
(14,944)
At 31 August 2022
4,866
Carrylng amount
At 31 August 2022
198
At 31 August 2021
416
11 Dèbtors
2022
2021
Amounts falllng duè wlthln on• y•ar:
Trade debtors
Other debtors
Prepayments and accrued income
10,641
250
1,998
2,036
12,677
2,248
12 Credltors: amounts falllng due wlthln one year
2022
2021
Other taxation and social security
Trade creditors
Accruals and deferred income
1,488
2,954
7,900
492
8.646
3,000
12,342
12,138
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UICIDIJ
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Ca h)
vi •
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INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
15 Flnanclal commltmonts, guarantees and contlngont Ilabllltles
Certain grants received and receivable may become repayable to the funder If the charity is no longer able to
meet the conditions under which they were awarded. Due to the nature of these contingencies, it may not be
possible to quantify th8 POt8ntial financial effect or glve an indication of the timing as to liabilities that may
arise.
16 Relat•d party transactlons
There were no dlsclosable rèlated paty transactions during the year (2021- none).
-20-