COMPANY REGISTRATION NUMBER: N16675S2 CHARITY REGISTRATION NUMBER: N1108297 International Peace Education Resource (IPER) Company Limited by Guarantee Unaudited Financial Statements 31st March 2023 DONALDSON & THOMPSON Chartered accountants 3 Limavady Road Londonderry BT47 6JU
International Peace Education Resource (IPER) Company Limited by Guarantee Financial Statements Period from 1st March 2022 to 31st March 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) ststement of financial position Notes to the financial statements
International Peace Education Resource (IPER) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Period from 1st March 2022 to 31st March 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements ofthe charity forthe period ended 31st March 2023. Reference and administrative details Registered charity name Intemational Peace Education Resource (IPER) Charity registration number N1108297 Company registration number N1667552 Principal office and registered 91 Clady Road office Portglenone BT44 8LB The trustees Mr S Fields Mr B Hamber Ms M McLaughlin Mr C Winter Independent examiner Donaldson & Thompson 3 Limavady Road Londonderry BT47 6JU Structurey governance and management The organisation is a charrtable company limited by guarantee, incorporated on 7th February 2020 and registered with the Charity Commission for Northern Ireland on 17th September 2021 under charity number NIC108297. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
International Peace Education Resource (IPER) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (Continued) Period from 1st March 2022 to 31st March 2023 Objectives and activities Advance the education about methods of peacebuilding. Provide opportunities for international learning. exchange and dialogue for students and community workers from Northem Ireland, United States. Europe, and other locations. Promote the value of education about peace and the value of dialogue as a method of community development in the area of benefit in Northern Ireland and beyond.. To encourage collaborative international research, knoedge development and collegiality beeen intemational and local participants in the area of benefit.. To afford educational opportunities to a wide range of participants in the area of benefit. particularly in the greater Armagh area and elsewhere in Northem Ireland, including those with limited access to such education and training. How to aGhleve objectives (l) By the provision of training and educational courses and events for local and international participants. (11) By working in partnership and cooperation with educational institutions, community organisations and other relevant bodies to deliver training, courses, and events. (111)Bring together in conference representatives of voluntsry organisations, Government departrnents. statutory authorities, and individuals. (IV) Co-operate and enter into arrangements wth any authorities, national, local, or otherwise. (V) Arrange and provide for, either alone or with others, the holding of exhibitions, meetings, lectures, classes, seminars, or training courses. (Vl) Collect and disseminate information on all matters relating to its objects, and to exchange such information with other bodies having similar objects whether in the United Kingdom or elsewhere. (Vll) Organise and deliver an annual accredited course in peacebuilding for intemational students and located in Northern Ireland.
International Peace Education Resource (IPER) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnuèd) Period from 1st March 2022 to 31st March 2023 Achievements and performancè We delivered our summer school on July 8th - 18th 2022. Two main themes that we focused on were the enormous achievements of local activists and agencies in achieving the current pacification of acute conflicts through years of community dialogue, and the formation of new institLrtions and processes,. and the contemporary challenges facing them in securing a continued peaceful future. Due to budgetary constraints that were exacerbated by Covid-19 restrtctions, that prohibited the sharing of hotel accommodation, we were fOrd to relocate from Armagh City to Magee Campus DerrylLondonderry. The schedule for the school was wide and varied. A full schedule detailing the delivery of the programme is available upon request. The summers school attracted 14 students from UMASS. This was the minimurn that we could viably financially run the pioject wthout either incurring a deficit or substantially increased student subscription which was set at $2,850 per student. Our summer school in 2022 was delivered within the scope of our aims and objectives. The necessary funding required for this was generated through student subscription. We did not apply for funding from the Irish Department for Foreign Affairs as this has proved unsucSsful in previous years. Our core funding stream remains the student subscription. Flnancial review The results for the year are contained in the financial statements attached. Plans for future periods Unfortunately we were unable to deliver our summer school in 2023. This was due to a combination of administration issues on the American side and equally as signrficant the unavailability of key personnel on the Irish side, in turn due to personal commitments and circumstances. It was unfortunate that we were unable to deliver our programme, but it has highlighted some shortcoming in our organisation. It demonstrated that the delivery of our project is spread thinly overthe organisation as a whole. That argument aside it has to be recognised that members do give of their time and have successfijlly delivered summer schools since 2017.some of our members have are now delivering similar type programmes. accepting the interruptions caused by the Covid-19 Pandemic. It is not a specific criticism of individual members moreover a realisation of the operational circumstances that IPER finds itself in. These circumstances have generated a debate now about the future of the project itself. There appears to be a growing consensus that the project should be wrapped up. This would of course have to be done in accordance with our constitution. At the date of signing this report a decision on the future of the charity has not been finalised. However. if that is the final decision, as chairperson I would like to thank everyone for their contribution to the project particularfy over the past year. We successfully delivered summer schools that where of great benefit to both the intemational student5 and the local community here in Ireland.
International Peace Education Resource (IPER) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eontlnuéd) Period from 1st March 2022 to 31st March 2023 Plans for fUre periods (conllftuéd) l am reluctant to single out any one individual, but I feel that we have to acknowledge the dedication and commitment of Prof. Marie Breen-smyth. who has had an unenviable role straddling both side of the Atlantic. She has been the inspiration for the project and a driving force behind its. delivery. I feel that it is onty correct that as an organisation we do acknowledge this. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustee5' annual report was approved on 3rd October 2023 and signed on behalf of the board of trustees by: Mr S Fields Trustee Mr B Hamber Trustee
International Peace Education Resource (IPER) Company Limited by Guarantee Independent Examiner's Report to the Trustees of International Peace Education Resource (IPER) Period from 1st March 2022 to 31st March 2023 I report on thefinancial statements forthe period ended 31st March 2023, which comprise the statement of financial activities (including income and expenditure account), statement of financial posib-on and the related notes. Respective responsibilities of trustees and examiner The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to- examine the accounts under section 65 of the Charities Act., to follow the procedures laid down in Ihe general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act., and to state whether particular matters have come to my attention. Basis of Independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the chartty and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. That accounting records were not kept in accordance wrth section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reports-ng Standard applicable in the UK and Republic of Ireland. That there is further information needed for a proper understanding of the accounts to be reached.
International Peace Education Resource (IPER) Company Limited by Guarantee Independent Examiner's Report to the Trustees of International Peace Education Resource (IPER) (continued) Period from 1st March 2022 to 31st March 2023 Independent Èxaminer's statement I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection wth following the Directions of the Charity Commission for Northem Ireland, I have found no matters that require drawing to your attention. Donaldson & Thompson Independent Examiner 3 Limavady Road Londonderry BT47 6JU 3 October 2023
International Peace Education Resource (IPER) Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Period from 1st March 2022 to 31st March 2023 Period from 1 Mar 22 to 31 Mar 23 Unrestricted funds Total fijnds Note Income and endowments Charitable activities 35,486 35,486 Total income 35,486 35,486 Expenditure Expenditure on charitable activtties Total expenditure 29,536 29,536 29,536 29.536 Net income and net movement in funds 5,950 5.950 Reconciliation of funds Total funds brought forward Total funds carried forward 5,950 5,950 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 13 forni part of these financlal statements.
International Peace Education Resource (IPER) Company Limited by Guarantee Statement of Financial Position 31st March 2023 31 Mar 23 Note Current assets Cash at bank and in hand 8.110 Creditors: amounts falling due within one year Net current assets 12 2,160 5.950 Total assets less current liabilities 5,950 Net assets 5,950 Funds of the charity Unrestricted funds 5,950 Total charity funds 13 5,950 For the period ending 31st March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small Companies, regime. These financial ststements were approved by the board of trustees and authorised for issue on 3 October 2023, and are signed on behalf of the board by: Mr S Fields Trustee Mr B Hamber Trustee The notes on pages 9 to 13 fonn part of these flnanclal statements.
International Peace Education Resource (IPER) Company Limited by Guarantee Notes to the Financial Statements Period from 1st March 2022 to 31st March 2023 General information The charity is a public benefft entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northem Ireland. The address of the registered office is 91 Clady Road. Portglenone, BT44 8LB. statement of compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the 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) (Charities SORP (FRS 102)) and the Companies Ad 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concem There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to rther any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or ommitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms ofan appeal, and fall into one oftwo sub-classes: restricted income funds or endowrnent funds.
International Peace Education Resource (IPER) Company Limited by Guarantee Notes to the Financial Statements (continued) Period from 1st March 2022 to 31st March 2023 Accounting policies (continued) Incoming resources All incoming reSoUrS are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic beneffts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income- income from donations or grants is recognised when there is evidence of entiilement to the gtft, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the good5 unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the ontribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contraded service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is reGognised on an accruals basis as a liability is incurred. Expenditure includes any VATwhich cannot be fully recovered, and is classified under headings ofthe ststement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events. non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charttable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charty nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activty- Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. 10
International Peace Education Resource (IPER) Company Limited by Guarantee Notes to the Financial Statements (continued) Period from 1st March 2022 to 31st March 2023 Accounting policies (continued) Financial instruments (continued) Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other considerats-on expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Vvhere investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other SUGh investments are subsequently measured at cost less impaimient. Other financial inslruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Otherfinancial instruments are subsequently measured atfair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what the carying amount would have been had the impairment not previously been recognised. Limited by guarantee Intemational Peace Educats-on Resources (IPER) is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 11
International Peace Education Resource (IPER) Company Limited by Guarantee Notes to the Financial Statements (contlnued) Period from 1st March 2022 to 31st March 2023 Charitable activities Unrestricted Total Funds Funds 2023 Other income from charitable activities - UMASS 35,486 35,486 Expenditure on charitable activities by fund type Unrestricted Total Funds Funds 2023 Peace education Support costs 27,375 2,161 27,375 2,161 29,536 29,536 Expenditure on Gharitable activities by actlvity type Adivities undertaken directly Support Total funds costs 2023 Peace education Governance costs 27,375 27,375 2,161 2,161 27,375 2,161 29,536 Analysis of support costs Peace education Total 2023 Govemance costs 2,160 2,160 Independent examination fees Period from 1Mar22to 31 Mar 23 Fees payable to the independent examiner for- Independent examination of the financial statements other financial SeiCe5 520 1.640 2,160 10. Staff costs 12
International Peace Education Resource (IPER) Company Limited by Guarantee Notes to the Financial Statements (continued) Period from 1st March 2022 to 31st March 2023 The average head count of employees during the period was Nil. No employee received employee benefits of more than £60,000 during the year (2022.. Nil). 11. Trustee remuneration and expenses No remuneration or other benefits fmm employment with the charity or a related entity were received by the trustees. 12. Creditors: amounts falling due within one year 31 Mar 23 Accruals and deferred income 2,160 13. Analysis of charltable funds Unrestricted funds At 1 Mar 2022 At Income Expenditure 31 Mar 2023 General funds 35.486 {29,536) 5,950 14. Analysis of net assets between funds Unrestricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 8,110 (2,160) 5,950 8,110 (2,160) 5.950 13