Charfty reglstratlon number NIC102096 Company r•glstratlon number IP00257 (North•m Ir•land) INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED CONTENTS Pag• Charity Information Trustees, report Statement of Trustees, responsibilitles Independent auditorfs report Statement of financi81 activities 10 Balance sheet 11 Not88 to the financlal ststements 12-19 INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trust•o• Mrs D Martln Mr D Jenkins Mr P Craig Mr D Woods Mr M Mccartney Mrs K McLaughlln (Appointed 3 May 2023) (Appointed 3 May 2023) (Appoinled 23 October 2023) (Appointed 23 October 2023) Charlty numb•r NIC102096 Company nUM￿r IP00257 Regl•t•red offlc• Ebrington Business Centre Glendermott Road Londondery BT47 6BG Audltor Moore {Nl) LLP 21123 Clarendon Street DerylLondondery BT48 7EP Bankern AIB Bank Meadowb8nk Strand Road Dery-Londond8rry BT48 7TN Ulster 8ank POBox3 29 Clooney Terrace Londondeny BT47 6AS Sollcltorn Gillan Barr & Co. Inc Mcclenahan Crossey 41 New Row Coleralne County Londondery BT52 1 AE INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2023 The Trust88s prosent th8ir report and financlal statements for the year ended 31 August 2023. The financial 8t8tement8 have been prepared in accordance wilh the accounting policies set out in note 1 to the financi81 statements and comply with the charity's Memorandum and Artlcl8s of Assoclallon. th8 Industrlal and Provident Societies Act 1969 and 'Accounting and Reporting by Charities.. Stat8ment of Recommended Practice applicable to charlties preparing their accounts in accordance with the Financial Reportlng Standard appllcable In the UK and Republic of Ireland IFRS 102). (as amended for accounting periods commencing from 1 January 2019) ObJo¢tlves and actlvltles Our Vlslon. Mls$lon and Values The work of the Intemational School for Peace Studie8 is to holp bulld 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 des8rves to be listened to In a society where the humanity of everyone is respected and acknowledged Our Mls•lon The Intemation81 School for Peace Studies {l.S.P.S) is dedicated to the resolving of dlfferences and confllct transformalion through exclusively pe8c8ful means, and rejects 811 fomis of violence or intimidation as a means to creating change. Our Valu•s All our work is drfven by our purpose and core values.. To promote conflict resolution, reconciliation and pe8c8 buildlng for the public benefit, n8tlon8lly and Internationally so as to relieve suffering and distress To bulld and malntaln social cohesion and trust within and betsveen communitles Promote understanding, respect, frlendshlp, tol8rance and p8ace between all communltl88 Devlse and dellver single Identty and cross communlty programmes Advance community developm8nt through accredited and non 8ccr8dit8d educatSonal courses To encourage cultural development which support peace actlvltl8s In Northem Ireland and the Republlc of Ireland To be a location for people to vlsit and participate In programmes To fulfil our aims through inclusivty. credibility, honesty and integrity and by working In partner8hlp wlth others To apply the hlghest corporate governance stsndards to all projectslprogrammes in receipt of publlc fund8 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 2023 Achlevements and porfornianc• er nd Straban• Dlstrfct Councll - Goo ns Pro ect Grant Al Through the allocation of DCSDC Good Rèlations Grant in July 2022 the Internatlonal School for Peace Studies was able to deliver a series of workshops on 'Exploring the Holocaust" to a group within the Waterside area. The workshops commenced in October 2022 and finished in March 2023. A further application for grant aid 202312024 was submitted In 3rd February 2023 - the amount being sought was £3,997.40. A Letter of Offer was r8c8ived on 4V% August 2023 confirming th8t the organlsation has been awarded £2000.00. rl IW rk ho An application was forwarded to DCSDC seeking funding to host a Holocaust memori81 workshop on 23rf January 2023. The amount sought was £640.00. De artmant of Fornl n Affalrs Reconclllatlon Fund An application was submitted to the Department of Foreign Affairs to deliver an OCN Level 1 in Conflict Transfomialion and the Messines Story Homephase project. A Letter of Offer was received in July 2022 stating thal a grant has been approved for é8.000 {£6,799.03). The project was delivered to a group In Slon Mllls In February 2023. •x & Radlus Hou$ln In October 2022 the Dungannon group progressed to an OCN Level 2 In "Confllct Transforniatlon & The M8ssSn88 Experience.. As part of this programme they Vlslted the sltes In BelgiumlFr8nce to extend their leaming of the Battle of Messlnes and the Flrst Wortd War. lanmll Ho sln ABsoclatlon The International School for Peace Studles w88 8ppoint8d in March 2023 to deliver Its OCN Level 1 Holocaust Awareness workshops to groups within the Easvsouth Belfast areas. Through th8 success of this programme th8 group travell8d to Krakow In May 2023 to continue thelr und8rstandlng of the history of the Holocaust. The above housing associations approved the dellvery of an OCN Level 1 "Conflict Transformation & The Messine8 story Homephase.. The programme w8s extended to other groups within the Eastlsouth Belfast area and commenced in April 2023. Through the successful completlon of our OCN Level 1 Messlnes programme the group from Ebrfngton Oak8 progressed lo OCN Level 2 'Conflict Transformation & The Messines Experience.. This group also took part in our newly developed Flags & Emblems programmo. ISPS was appointed by Radlus to deliver our Holocaust Programmes. Residents from tho Bumvale area were selected to participant in the OCN level 1 'Holocaust Awareness" workshop and then travel to Krakow. Amha lann haoth Dobhalr & Wat•rsld• Theatre IFI Pro ramme The Intemational School for Peace Sludies was asked to arrange and deliver 8 Messines Programme. A group of 30 people from Northlsouth of Ireland travelled to visit the siles in BelgiumlFrance in June 2023 as well as attending a "PEACE 25.. Everyday Peacemakers. Conferen￿ in Leuven to mark the 25th Anniversary of the BelfasVGood Friday Agreement. Flnanclal revlaw Total income for the year was £218,475, of vthich approximately 5Vo was generated from grants and 95¥0 from other charitable activities. Total expenditure was £251,298 and 100°A of this was expended on direct charitable activits'es. The balance on total funds at the year-end was £254,708, of which £253.865 was unrestricted in nature and £843 was restricted in nature. INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 R•s•rves pollcy The Trustees consider it prudent to hold monies in reserve in the event that unfores88n clrcumst8nc8s should lead to financial difficulties which might put the fulure of its employment capacity. users, well-being and general charitable work in jeopardy. The Trustees have examined the charlty's requirements for r888rv8s in the light of the maln risks to the organisation and established a formal policy which stipulates that free reserves be maintained at a level which ensures thal the charity's core activity could continue during a period of unforeseen difficulty. Free reserves ar8 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 rlsks to which the charity. and are satisfled that systems are in place to mitigate exposure to the major risks. Plans for futur• ￿rIOdI Our Immediate plan for the future is to contlnue to work and secure the sustalnablllty of the charlty 8nd the vltsl work of our Messlnes Project. We are currenlly focused on contlnuing to source funding from twsts, foundations and ststutory 8gencle8 for programme and core costs to contSnue our vlt81 projects and servlces. The International School for Peace Studl881s extendSng Its portfollo of accredlted and non-8ccredlted programmes and Is In the process of developing the followlng OCN Level 1- DIv8rslty & Good Relatlons, Prejudlce, Dlscrfmlnatjon OCN Level 1- Diversity & Good Relatlons, Dlverslty In Soclety OCN Level 2 - Conftlct Transfomatlon The Balkans One Day Introductory Programme:. Conflict Transformatlon Flags, Identity, Culture & Tradition - Far more than "Two Traditlon8' Genocide- A Wamlng from History The Holocaust War in Bosnia - Rememberin9 Srebrenica Women In War Structurei governanc• and managom•nt Gov•rnlng d￿UMent Intemational 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 Soci8ties Act 1969 which established the objects and powers of Ihe society. The liability of members is limited in that every member of the society undertakes to contribut8 an amount not exceeding £1 in the event of the company being 4￿und 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 flnancial statements were.. Mr SW Barr (Resigned 27 November 2023) Mrs D Martin Mr D Jenkins Mr D White Mr P Craig Mr D Woods Mr M Mccartney Mrs K McL8ughlin (Resigned 19 October 2023) (Appointed 3 May 2023) (Appointed 3 May 2023) (Appointed 23 October 2023) (Appointed 23 Octob8r 2023) INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Recrultm•nt and appolntmont of truste•s Under Ihe r&quirements of the Industrial and Provident Society unless otherwise determined by the company in General Meeting the number of Trustees shall not be less than four. Trustees are elected to s8rve only until the n8Xt Annu81 General Meetlng at which they shall then be eligible for rfrelection. In tho financlal year two new Trustees were appointed. The Board as 8 whole was approved by the AGM and continues to monitor its membership. Rlsk Management The Trustees are aware of the major rfsks to whlch the charity Is exposed. Wh8re appropriate, systems or procedures have been established to mltigate the risks the charity faces. Intemal control are minlmlsod through the procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with applicable laws and r8gulations. These procedures are reviewed periodically to ensure that they continue to m88t the needs of the charity. All members of the Board of Trustees glve thelr time voluntarily and receive no benafits from the charity, Any expenses reclaimed from the charity are set out in the notes to the financial statements, Audltor In accordance wlth the charrty's artlcles, 8 re801u16on proposlng that Moore (Nl) LLP be reappolnted as audltor of the charity wlll be put at 8 General Meeting. The Trustees, report was approved by the Board of Trustees. Mrs D MartSn Truste• Mr P Cralg Trust•• 28 June 2024 INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2023 The Trustees. who are also the dlreclors of Int8mational School For P8ace Studles Llmited for the purpose of company law. are responslbl8 for preparing the Truste86' R8POrt and the financial statements in accordance with applicable law and United Kingdom Ac￿Unting Standard8 (Unit8d Klngdom Generally Accepted Aco)untlng Practic8). Company Law requires the Trustees to prepare financial ststements for each financlal year which give 8 true and fair view of the slate 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 Trustee8 are required to: seloct sultabl8 accounting pollcies and then apply them consistently; - obseNe the methods and principles In the Charities SORP. make Judgements and estimates that are reasonable and prudent; slate whether appllcable UK Accounting Stsndards have been followed. subject to 8ny materlal departura8 disclosed and explained In the financial ststements.. and prepare the financial ststements on the golng concern basls unless It is inappropriate to presume that the charity will continue In operatlon. The Trustees 8re responslbla for keeping adequate accountlng records that disclose with raasonable accuracy at any tlme the financlal posltion of the charlty and enable them to ensure that the financl81 statements comply with the Companles Act 2006. They ara also responsible for safeguardlng the assets of the charfty and hence for tsking reasonable steps for the prevention and detectlon of fr8ud and other Irregularitie8. 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 ststements of Intemational School For Peace Studies Limited (the 'charity') for th8 year ended 31 August 2023 which comprise the statement of financial activities, the balance sheet and notes to tha financial statements. including significant accounting polici8s. 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 Financial Reporting Standard applicable in the UK and Republic of Ire18nd (United Kingdom Generally Accepted Accounting Practice). In our opinlon. the financial statements: give a true and fair view of the state of the charitsble society's affalrs as at 31 August 2023 and of Its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared In accordance wlth the requlrements of the Industrlal and Provldent Sodetles Act 1969. Ba81• for oplnlon We conducled our audit In accordance with Intematlonal Stsndards on Audltlng (UK) (ISA8 (UK)) and appllcable law. Our responsibilities under th08e standards are further described in the Auditoffs r8sponsibillti8s for th• audit of the financi81 st8tements sectlon of our report. We are independent of the charlty in accordance wlth the ethl¢al requirements that are relevant to our 8udit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our oth8r ethical responsibillties in accord8nrn with these requirement8. We believe that the audit evidence have oblalned Is sufficient and approprlate to provide a basls for our opinlon. Concluslons r•latlng to golng GonG•rn In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of accounting In the preparation of the financlal statements Is approprlate. Based on the work we have performed, we have nol Identlfied any material un¢ertaintles relating to events or conditions that. individually Of collectively, may cast significant doubt on the cherity's ability to continue as a going concem for a period of al least tsvelve months from when the financial ststements are authorlsed for issue. Our responsibilities and the responsibilities of the Trustees vrith respect to going concern are described in the relevant sectlons of this report, Other Inlorniatlon The other information comprlses the Infomiatlon Included in thè annual report other than the financlal statements and our audltorfs report thereon. The Trustees are responsible for the other Informatlon contained within the annual report. Our opinlon on the financlal statements does not cover the other infomiation and w8 da oot expreGS any form of assurance conclu8lon thereon. Our r8sponsibility Is to reed the oth8r information and, in doing so, conslder whether the other Infomiation is materlally inconsistent with the flnancial statements or our kn￿￿edge obtalned in the course of the audlt, or otherwi88 appears to be materially misstated. If we identify such material inconsistencles or apparent materlal mlsstat8rn8nts, we are r8quir8d to deterniine whether thls glves rise to a m8tedal mlsststement In the financial statements themselves. If, based on th8 work we have performed, w8 conclude that there is mater181 mlsststement of thls other information, we are required to report that fact. We have nothlng to report In thls regard. Mattors on whlch we ar• requlred to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports} R8gulations 2008 require us to report to you if, in our opinion: the information given in the financial ststements is inconsistent in any material respect wlth the Trustees, report., or SuffI￿ent accounting records have not been kept: or the financial stst8ments are not In agreement with the accounting fecords., or we have not received all the infomation and explanations w8 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 R•sponslbllltlos of Trustsos As explained more fully in the statement of Trustees. responsibilities, the Trustees, who are also the directors of th& charity for the purpose of company law. are responsible for the preparation of the financial statements and for belng satisfied that they give a true and fair view. and for such inlernal control as the Trustees determine is nec886ary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concem arKI using the going concem basis of accounting unless the Trustees either inlend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Audltorfs re8ponslbllltles for the audlt of the flnanclal Ststaments Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole are free from material rnisstatement, whether due to fraud or error, and to issue 8n auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is nol a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misslatemenl when it exists. Misstatements can arlse from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influencè the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularlties. Includlng fraud, is detailed below. Extent to whlch tho audlt wa• consldered capable of detectlng Irregularltl•i, Includlng fraud The objectives of our audit in respect of fraud. are., to identfy and assess the rlsks of materlal misstatement of the financial statement8 du8 to fraud,. to obtsln sufficient appropriate audit evidence regardlng the assessed rlsks of m8terlal mlsstatem8nt du8 to fraud. through deslgnlng and impl8mentlng approprlate responses to those assessed sks: and to respond appropr18tely to Instances of fraud or suspected fraud identlfied during the audit. However, the prlmary responsibillty for tha prevenlion and detectlon of fraud rests with both managem6nl and those charged with governance of the chadtable company. 888ed on our under8tandlng of the charltable company and Ils operatlng envlronment, we det8rmlned that the most significant fram@works which have a dlrect impact on the preparation of the financial ststements are thos8 related to the rep)rtlng framework, (FRS 102, the Chartties Act (Northern Ireland) 2008. The Charities (Account8 and Reports) R8gulations (North8m Ireland) 2015, the Charity SORP and the Industr181 Provrdent Society Act. We assessed the susceptibllity of the charitable company's financial statements to material misstatement. including how fraud might occur, including evaluating management's incentives and opportunities to manage e8mings or influence the reported results. From the results of our assessment, we det8rmined that the princlpal risk8 of fraud relate to posting inappropriate journal entries and use of ch8rity funds for purposes outside of r88trictions imposed by the donor. In common with all audtts under ISAS (UK). we are required to perfomi Speclfic procedures to respond to the risk of management override. INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED Audlt r•sponso to rlsks Idontlfiad As part of an audit in accordance wllh ISAS (UK) we exercise profession81 judgement and maintain professional scepticism throughout the audit. Audit procedure8 perfomed by the engagement team included: We obtained an understanding of the charitsble company's int8rnal control systems in ord8r to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinlon on the effectiveness of the charitable company's internal control. We obtsined an understanding of how the charitable company complies with relevant laws and regulations. including those as a result of its registration with the Charity Commission for Northern Ireland and charitable status with HM Revenue & Customs , by making enquiries of management and those charged with governance. Enquiry of management, those charged wlth govemance and the entity's solicitors around actual and potential litigation and claims. Enquiry of entity Staff to identify any instances of non-compli8nce with laws and regulations. Performing analytical procedures to identify any unusual or unexpected relationships that may Indlcate rlsks of material misstatement due to fraud Reviewlng minutes of meetings of those charged wlth govemance Reviewing financial statement disdosu￿s and lests'ng to supporting documentation to assess compll8nce with applicable laws and regulations. Auditing the risk of management overrlde of controls. Including through testlng loumal entrles and other adjustments for appropriatenèss. and evaluatlng the business rationale of signlficant transactlons that are unusual or outslde the normal course of busin8SS. Audlting the rlsk of use of charlty funds outslde of restrictions Imposed by the donor by revlew of fundlng letters of offer to Identlfy restrictions, and review of fundlng claims pr8pared by management to check compllance wlth r8slri¢tlons. We communic8t8d relevant laws and r&gulatlons and pot8ntlal fraud dsks to all engagement teem memb8r8, and remalned 818rt to any Indications of fraud or nonr goods or servlces that have been acqulred In th8 ordlnary course of Operations from suppliers. Amounts payable are classlf18d as current liabilitles rf payment is due within one year or less. If not, they are presented as non-current liabilltles. Trad8 cr8dltors are recognised inits'ally at transaction prlce and subsequently measured at amortiS8d cost uslng the effective Interesl method. De￿0gnItIOn of flnanclal Ilabllltlos Flnancial liabilities are derecogni5ed when the charlty's contractual obllgatlons explre or ar• dlscharged or cancelled. 1.10 Taxatlon The company Is a charity and is recognised as such by HM Revenue & Cu8tom8 under the charfty tax reference XR11534. As a result. there is no liability to taxation on any of its incom8. 1.11 Employ•• b•neflt• The cost of any unused hollday entStlement Is recognis8d in th8 perlod in which the employee's servlces are received. Termination benefits are recDgnised immediately as an expense when thè charity Is demonstrabty committed to terminate the employment of an employee or to provide termination benefits. Crltlcal accountlng esllmat•8 and Judg•mentB In the application of the charity'8 accounting policies. the Trustees are required to make judgements, estimales and assumptions about the carying amount of assets and liabiliti8S that are not readily apparènt from olher sources. The estimates and associated assumptions are based on historical experience and other factors that a￿ considered to be relevant. Actual r88ults may differ from these estimates. The esUrnates and underlying assumptions are reviewed on an ongoing basls. Re￿$lOnS lo accounting estimales are recognised in the period in which the estimate is ￿ViSed where the revision affects only thal P8riod, or in the period of the revision and future periods where the revision affects l)oth current and future periods. 14- INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Charltabl• actlvltles 2023 2022 Perfomancb r&lat6d grants Programme income Other income 10,742 207,038 695 4.124 104.749 3,171 218,475 112,044 Analy•l• by fund Unrestricted funds - general Restrlct8d funds 207.733 10,742 105,639 6,405 218,475 112,044 P•rfomianc• rnlat•d grant• DCSDC- Community Support Fund DCSDC - Good Relatlons DFA- Home Phase 3.850 3,943 6,799 274 10,742 4,124 Exp•ndltur• on charltabl• actlvltlo8 2023 2022 Dlrect C08ts Depreciation and Impalrment Grant costs Programme costs 233 269 26,309 32,457 151,633 163,309 59.035 Share of support and gov•rnanc• costs (so• nots 5) Support Govemance 68,247 19,743 65,371 6,971 251.299 131,377 Analy$lB by fund Unreslricted funds Restricted funds 239,856 11,443 105,068 26.309 251,299 131,377 15- INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Support costs allocatod to actlvltl•s 2023 2022 Staff costs Premises costs Administratlon costs Motor costs Bank charges Sundry c06t5 Govemance costs 48,500 12,894 3,757 78 55,016 2,254 2,730 162 432 4,777 6,971 2.607 19.743 87,990 72.342 Analyx•d b•tw••n: Charftsble aCtIv￿leS 87,990 72,342 N•t movement In funds 2023 2022 The net movement in funds Is stated after chargingl(crediting)'. Fees payable for the audit of the charlty's flnanclal statements Depreciats'on of owned tangible fixed assets 3,975 233 3.900 269 Tru•t••• None of the Trustees (or any persons connected with them) received any remuneratlon or benefits from the charity during the year. EmployM• The average monthly number of employees during the year was: 2023 Number 2022 Numb•r Employm•nt co•t• 2023 2022 Wages and salarfes 48.500 55.016 There were no employees whose annual remuneration was more than £60,000. 16- INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Employoes (Contlnued) Remuneratlon of kèy managamenl personnel The remuneration of key management personnel was as follows: 2023 2022 Aggregate compensation 48,500 55,016 Taxatlon The ch8dty Is exempt from t8xatlon on Its activities because all Its Income Is 8pplled for charitsble purposas. 10 Tanglbl• fix•d a•••ts Flxtur•i and flttSng• Cost Al 1 September 2022 Additions 585 At 31 August 2023 5.649 D•pr•elatlon and Impalmi•nl At 1 September 2022 Depreciatlon charged in the yaar 4,865 233 At 31 August 2023 5,098 Carrylng amount At 31 August 2023 551 At 31 August 2022 198 11 Debtor• 2023 2022 Amounts falllng du• wlthln one y•ar: Trad8 debtors Prepayments and accrued income 10,641 2,036 3.053 3,053 12,677 17- INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 12 Cr•dltors: amounts falllng du• wlthln one y•ar 2023 2022 Other taxatlon and social security Trade creditors Accruals and deferred incorne 1,325 9.315 7,975 1.488 2.954 7,900 18,615 12,342 13 R••trlctsd funds The restrlded fund8 of the charty comprfse the unexpended belances of donatlons and grants held on trust subject to speclfic conditlons by donors as to how they may be used. Incomlng r•sour¢•$ Resourc•8 •xp•nd•d S•pt•mb•r 2022 Tran•f•rn At 31 August 2023 DCSDC - Good R818tlons DFA- Pilot Programme RECFUND 000000692 DFA- Messines Home Phas RECFUND 000001582 (3,943) (1,544 6,799 (5,956) 10,742 (11,443 Pr•vlou$ y•ar: Incomlng rnsourcos R•8our¢•s •xpand•d S•pt•mbor 2021 Tranof•rn At 31 August 2022 DCSDC - Good R81attons DFA- Pilot Programme RECFUND 000000692 HMRC - Job Retention Scheme DCSDC - Community Support Fund 3,997 (4,039) 42 17,722 275 2,281 (16,138) 12,281) (314) 1,545 3,850 (3,850) 21,719 6,405 (26,309) (270) 1,545 18- INTERNATIONAL SCHOOL FOR PEACE STUDIES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 14 Analysls of net •ssots between lunds Unrestrlcted Rostrlcted funds funds general 2023 Total Unrnstrlcted R•strlcted fund8 funds goneral 2022 Totsl 2023 2023 2022 2022 Fund balances at 31 August 2023 are repres8nt8d by.. Tangible a88ets Current assetsl{liabiliti88) 551 254,157 551 254,157 198 287,334 198 287,334 254,708 254.708 287,532 287,S32 15 Flnan¢lal commllmènts, guarantees and contlngent Ilabllltles Certain grant8 rec*ived 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 contingencles. it may not be possible to quantify the potential financial effect or give an indlcation of the timing 88 to the liabilities that may arise. 16 R•lat•d party tran•a¢tlon• There were no disc108able related paty transactions during the year (2022 - none). 19-