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2023-03-31-accounts

Company Number: NI623554 Charity Number: 108448

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital)

Annual Report and Unaudited Financial Statements

for the financial year ended 31 March 2023

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) CONTENTS

Page
Directors' and Other Information 3
Directors' Annual Report 4 – 5
Statement of Directors' Responsibilities and Declaration on Unaudited 6
Financial Statements
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 - 14
Supplementary Information relating to the Financial Statements 1

2

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) DIRECTORS' AND OTHER INFORMATION

Directors

Company Secretary

Charity Number in Northern Ireland

Company Number

Registered Office

Principal Address

Independent Examiner

Bankers

Baroness Margaret Ritchie Mr. Chris Maccabe Sir Jeffrey Mark Donaldson Mr. Allen Niall Johnston (Resigned 28 September 2023)

Mrs. Eva Grosman 108448 NI623554 C/O K Magill and Company 2 Church Street Ballygawley Co Tyrone BT70 2HB Northern Ireland 46 Hill Street Belfast Co. Antrim BT1 2LB Northern Ireland K Magill and Company Chartered Accountants 2 Church Street Ballygawley Dungannon Co. Tyrone BT70 2HB Northern Ireland

Danske Bank Donegall Square West BT1 6JS Northern Ireland

3

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT

for the financial year ended 31 March 2023

The directors present their Directors' Annual Report, combining the Directors' Report and Trustees' Report, and the unaudited financial statements for the financial year ended 31 March 2023.

The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Directors' Report contains the information required to be provided in the Directors' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees.

In this report the directors of Centre for Democracy and Peace Building present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2023.

The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.

Mission, Objectives and Strategy

Mission Statement

Centre for Democracy and Peace Building's purpose is to provide:

  1. advancement of citizenship and community development by upholding and sharing the values and principles of democracy in order to build peace, stability and reconciliation; and to support leadership within civil society and political parties to address grievances and to build confidence in political institutions;

  2. advancement of human rights, conflict resolution or reconciliation by the removal of fear from and to offer hope to divided communities and to create a society with a shared sense of responsibility, opportunity, community and above all a shared sense of humanity, based upon respect for and tolerance of diversity; and to empower and enable communities to develop bespoke solutions that address and remove the causes of division and violent conflict; 3. advancement of education by providing a knowledge exchange platform in democracy and peace building to facilitate research and discussion in partnership with government and civil society on the development and implementation of policies and programmes that build a shared and united community; to host a fellowship programme to pass on learning from the peace process generation to future leaders; and to capture and document the lessons and experiences from Northern Ireland and other places which have experienced violent political conflicts.

Financial Review

During the year ended 31 March 2023, Centre for Democracy and Peace Building produced a deficit of £3,740 (2022 - £1,434).

At the year end, Centre for Democracy and Peace Building had total funds of £6,330 (2022: £10,070). The directors/trustees do not foresee any financial issues in the foreseeable future.

Financial Results

At the end of the financial year the company has assets of £16,712 (2022 - £23,431) and liabilities of £10,382 (2022 - £13,361). The net assets of the company have decreased by £3,740.

Directors

The directors who served throughout the financial year, except as noted, were as follows:

Baroness Margaret Ritchie Mr. Chris Maccabe Sir Jeffrey Mark Donaldson Mr. Allen Niall Johnston (Resigned 28 September 2023)

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

The secretary who served during the financial year was:

Mrs. Eva Grosman

4

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT

for the financial year ended 31 March 2023

Compliance with Sector-Wide Legislation and Standards

The company engages pro-actively with legislation, standards and codes which are developed for the sector. Centre for Democracy and Peace Building subscribes to and is compliant with the following:

Approved by the Board of Directors on 19 December 2023 and signed on its behalf by:

________ Baroness Margaret Ritchie

Director

_ ~~_~~ ______ Mr. Chris Maccabe Director

5

Centre for Democracy and Peace Building

(A company limited by guarantee, not having a share capital) STATEMENT OF DIRECTORS' RESPONSIBILITIES AND DECLARATION ON UNAUDITED FINANCIAL STATEMENTS

for the financial year ended 31 March 2023

General responsibilities

The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.

In preparing these financial statements, the directors are required to:

The directors confirm that they have complied with the above requirements in preparing the financial statements.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors' declaration on unaudited financial statements

In relation to the financial statements comprising the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes:

The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the charity will continue in operation.

The directors confirm that they have made available to K Magill and Company, Chartered Accountants, all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.

The directors confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the company for the financial year ended 31 March 2023.

Approved by the Board of Directors on 19 December 2023 and signed on its behalf by:

________ ~~_____~~ _ ~~___~~ _____ Baroness Margaret Ritchie Mr. Chris Maccabe Director Director

6

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF CENTRE FOR DEMOCRACY AND PEACE BUILDING

We have examined the financial statements of the company for the financial year ended 31 March 2023, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes.

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our work, or for this report.

Respective responsibilities of directors and examiner

The company's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The company's directors consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required.

Basis of independent examiner's report

We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:

Independent examiner's statement

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

__________Kieran Magill BSc (Econ) FCA FCPA AFTA K MAGILL AND COMPANY Chartered Accountants 2 Church Street Ballygawley Dungannon Co. Tyrone BT70 2HB Northern Ireland

Date: 19 December 2023

7

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account)

for the financial year ended 31 March 2023

Unrestricted
Funds
2023
Notes
£
Incoming Resources
Voluntary Income
3.1
88,517
Activities for generating
funds
3.2
31,670
Other income
3.3
95,044
Total incoming resources
215,231
Resources Expended
Charitable activities
4.1
139,866
Other expenditure
4.2
79,105
Total Resources
Expended
218,971
Net incoming/outgoing
resources before
transfers
(3,740)
Gross transfers between
funds
-
Net movement in funds
for the financial year
(3,740)
Reconciliation of funds
Balances brought forward at
1 April 2022
10,070
Balances carried forward
at 31 March 2023
6,330		 Restricted
Funds
2023
£
-
20,191
-
20,191
13,688
6,503
20,191
-
-
-
-
-		 Total
2023
£
88,517
51,861
95,044
235,422
153,554
85,608
239,162
(3,740)
-
(3,740)
10,070
6,330		 Unrestricted
Funds
2022
£
30,500
12,393
23,660
66,553
2,941
65,046
67,987
(1,434)
-
(1,434)
11,504
10,070		 Restricted
Funds
2022
£
-
91,784
-
91,784
86,157
5,627
91,784
-
-
-
-
-		 Total
2022
£
30,500
104,177
23,660
158,337
89,098
70,673
159,771
(1,434)
-
(1,434)
11,504
10,070

The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

The notes on pages 10 to 14 form part of the financial statements

8

Centre for Democracy and Peace Building

(A company limited by guarantee, not having a share capital) Company Number: NI623554 BALANCE SHEET

as at 31 March 2023

Notes
Fixed Assets
Tangible assets
8
Current Assets
Debtors
9
Cash at bank and in hand
Creditors: Amounts falling due within one year
10
Net Current Assets
Total Assets less Current Liabilities
Funds
General fund (unrestricted)
Total funds		 2023
£
529
10,000
6,183
16,183
(10,382)
5,801
6,330
6,330
6,330		 2022
£
706
21,932
793
22,725
(13,361)
9,364
10,070
10,070
10,070

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.

Approved by the Board of Directors and authorised for issue on 19 December 2023 and signed on its behalf by

________ Baroness Margaret Ritchie Director

~~___~~ _ ~~___~~ _______ Mr. Chris Maccabe Director

The notes on pages 10 to 14 form part of the financial statements

9

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2023

GENERAL INFORMATION

Centre for Democracy and Peace Building is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is C/O K Magill and Company, 2 Church Street, Ballygawley, Co Tyrone, BT70 2HB, Northern Ireland. The company's principal activity is carried out at Hill Street, Belfast, Co.Antrim, BT1 2LB, Northern Ireland. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.

Statement of compliance

Fund accounting

The following are the categories of funds maintained:

Restricted funds

Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the company.

Unrestricted funds

Unrestricted funds consist of General funds.

10

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

continued

for the financial year ended 31 March 2023

Incoming Resources

Voluntary income is included in the Statement of Financial Activities when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Income recevied in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis.

Income from charitable activities

Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the company. Income from government and other co-funders is recognised when the company is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.

Grants from governments and other co-funders typically include one of the following types of conditions:

-Time based conditions: whereby the company is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the company recognises the income to the extent it is utilised within the period specified in the agreement.

In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the company is notified of entitlement.

Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier.

Resources Expended

Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the company but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

Debtors

Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.

Cash at bank and in hand

Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.

Taxation

No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992.

11

continued

Centre for Democracy and Peace Building

(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2023

3.
INCOME
3.1
DONATIONS AND LEGACIES
Unrestricted
Funds
£
Donations
88,517
3.2
OTHER TRADING ACTIVITIES
Unrestricted
Funds
£
General fundraising
2,690
Grants
28,980
31,670
3.3
OTHER INCOME
Unrestricted
Funds
£
Other income
95,044
4.
EXPENDITURE
4.1
CHARITABLE ACTIVITIES
Direct
Other
Costs
Costs
£
£
Expenditure on charitable activites
153,554
-
4.2
OTHER EXPENDITURE
Direct
Other
Costs
Costs
£
£
Admin expenses
-
85,608
5.
NET INCOMING RESOURCES
Net Incoming Resources are stated after charging/(crediting):
Depreciation of tangible assets
6.
INVESTMENT AND OTHER INCOME
Bank interest		 Restricted
Funds
£
-
Restricted
Funds
£
-
20,191
20,191
Restricted
Funds
£
-
Support
Costs
£
-
Support
Costs
£
-		 2023
£
88,517
2023
£
2,690
49,171
51,861
2023
£
95,044
2023
£
153,554
2023
£
85,608
2023
£
177
2023
£
2		 2022
£
30,500
2022
£
-
104,177
104,177
2022
£
23,660
2022
£
89,098
2022
£
70,673
2022
£
177
2022
£
-

12

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

continued

for the financial year ended 31 March 2023

7. EMPLOYEES AND REMUNERATION

Number of employees

The average number of persons employed (including executive directors) during the financial year was as follows:

Administrative
The staff costs comprise:
Wages and salaries
Pension costs
8.
TANGIBLE FIXED ASSETS

Cost
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the financial year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
9.
DEBTORS
Trade debtors
Prepayments and accrued income
10.
CREDITORS
Amounts falling due within one year
Trade creditors
Taxation and social security costs
Other creditors
Accruals and deferred income		 2023
Number
5
2023
£
19,737
380
20,117
Fixtures,
fittings and
equipment
£
1,696
990
177
1,167
529
706
2023
£
10,000
-
10,000
2023
£
7,052
468
79
2,783
10,382		 2022
Number
5
2022
£
27,251
568
27,819
Total
£
1,696
990
177
1,167
529
706
2022
£
-
21,932
21,932
2022
£
4,226
4,813
899
3,423
13,361

13

Centre for Democracy and Peace Building (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

continued

for the financial year ended 31 March 2023

11. RESERVES

At 1 April 2022
Deficit for the financial year
At 31 March 2023		 2023
£
10,070
(3,740)
6,330		 2022
£
11,504
(1,434)
10,070

12. STATUS

The company is limited by guarantee not having a share capital.

Centre for Democracy and Peace Building is registered as a charity with the Charity Commission for Northern Ireland (Charity number 108448).

The liability of the members is limited.

Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.

13. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the financial year-end.

14

CENTRE FOR DEMOCRACY AND PEACE BUILDING

(A company limited by guarantee, not having a share capital)

SUPPLEMENTARY INFORMATION

RELATING TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

15

Centre for Democracy and Peace Building

(A company limited by guarantee, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

Operating Statement for the financial year ended 31 March 2023

Income
Donations
Sponsorship
Other - Fellowship
Two Wings Institute grant
Conference and event income
DFA grant
Community Relations Council grant
Polish Cultural Institute grant
Irish American Partnership grant
Belfast City Council grant
The Executive Office grant
Dormant Accounts NI grant
Consultancy income
Cost of generating funds
Programme implementation costs
Gross surplus
Expenses
Wages and salaries
Staff defined contribution pension costs
Rent payable
Advertising
Telephone and computer costs
Legal and professional
Consultancy fees
Accountancy
Bank charges
General expenses
Depreciation
Finance
Interest paid on overdue taxation
Miscellaneous income
Bank interest
Net deficit		 2023
£
88,517
48,000
37,794
8,863
2,690
20,611
-
12,140
7,975
-
(420)
-
9,250
235,420
153,554
153,554
81,866
19,737
380
570
4,872
3,497
3,760
48,525
3,575
174
322
177
85,589
19
2
(3,740)		 2022
£
30,500
13,595
10,065
-
-
16,752
1,500
5,000
7,393
4,600
18,932
50,000
-
158,337
89,098
89,098
69,239
27,251
568
786
817
3,647
5,469
29,775
1,709
123
351
177
70,673
-
-
(1,434)

The supplementary information does not form part of the financial statements

16