INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees present their report and financial statements for the year ended 31 August 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Industrial and Provident Socielies Act 1969 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). {as amended for accounting periods commencing from 1 January 2019) Objectives and activities Our Vision, Mission and Values The work of the International School for Peace Studies is to help build bridges and promote a Peaful and inclusive society for all in the island of Ireland. Our Vision We believe'.- In a society where conflict can be resolved non violently That everyone has a voice and deserves to be listened to In a society where the humanity of everyone is respected and acknowledged Our Mission The Intemational 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 foms of Violen or intimidation as a means to creating change. Our Values All our work is driven by our purpose and core values- To promote conflict resolution, reconciliation and peace building for the public benefit, nationally and inlemationally so as to relieve suffering and distress To build and maintain social cohesion and trust within and beeen communities Promote understanding, respect, friendship, tolerance and peace beeen all communities Devise and deliver single identity and cross community programmes Advance community development through accredited and non accredited educational courses To encourage cultural development which support pea activities in Northem Ireland and the Republic of Ireland To be a location for people to visit and participate in programmes To fulfil our aims through inclusivty. credibility. honesty and integrity and by working in partnership with others To apply the highest corporate govemance 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 Achievements and performance Der and Strabane District Council- Good Relations Pro ect Grant Aid 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 and Strabane District Council- Communi ort Grant 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 unsuccessfvl. artment of Forei n Affairs Reconciliation Fund After a further ease of Government restrictions ISPS staff returned back to work on 1s1 October 2021. This funded programme commenced December 2021 and concluded March 2022. Thirty participants from Lisnagelvin Ladies Group acquired and OCN Level 1 in Conflict Transfonnation of the Messines Story Homephase. Ards & North Down Borou h Council The International School for Peace Studies Ltd delivered 2 programmes for ANDC, the firsl being Holocaust Awareness workshops and the second a Flags and Emblems programme. These workshops were conducted via Zoom with approximately 16 participating. ex & Radius Housin On behalf of Apex and Radius Housing the Intemational School for Peace Studies delivered its OCN Level 1 -conflict Transformation and the Messines Story Homephase. to 13 people from the Dungannon area between April to May 2022. This group will be progressing to Level 2. Radius Housin In May 2022 ISPS was approached by Radius Housing to engage with people from its Ebrington Oaks Project to deliver our OCN Level 1 Homephase programme. 17 participants from the area benefitted from this programme. Due to the success of the first programme the housing association asked ISPS to deliver a series of workshops based on our bespoke programme Flags & Emblems. Financial review Total income for the year was £112,044, of which approximately 6°/0 was generated from grants and 94°/o from other charitable activities. Total expenditure was £131.377 and 100 % of Ihis was expended on direct charitable activities. The balance on total funds at the year-end was £287,532, of which £285,987 was unrestricted in nature and £1,545 was reslricted in nature. Reserves policy The Trustees consider it prudent to hold monies 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 organisation and established a formal policy which stipulates that free reseNes 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 committed, invested in tangible fixed assets held by the charity and restricted or designated funds. The Trustees have assessed the major risks to which the charity, and are satisfied that systems are in place to mitigate exposure to the major risks. Plans for future periods Our immediate plan for the future is to continue to work and secure the sustainability of the Gharity and the vital work of our Messines Project. We are currently focused on continuing to source funding from trusts, foundations and statutory agencies for programme and core costs so that we can continue to expand our work.
INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Structure, governance and management Governing document International School for Peace Studies is a society limited by guarantee and accepted as charitable by HMRC under reference XT 40250. The society was established under the Industrial and Provident Societies Act 1969 which established 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 exedIng £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 during 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 White Mr P Craig Mr D Woods (Appointed 3 May 2023) (Appointed 3 May 2023) Recruitment and appointment of the Trustees Under the requirements of the Industrial and Provident Society unless otheNise determined by the company in General Meeting the number of Trustees shall not be less than four. Trustees are 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. Risk Management The Trustees are aware of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control are minimised through the procedures for authorisation of all 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 Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements. Auditor In accordance with the charity's articles, a resolution proposing that Moore INI) LLP be reappointed as auditor of the charity will be put at a General Meeting. The Trustees, report was approved by the Board of Trustees. Mr D White 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 directors of Intemational School For Peace Studies Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with 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- - obseNe 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 statements- and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.