GLOBAL PEACE INS (GPI) CIC

Company limited by guarantee

Company Registration Number:
12394388 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

GLOBAL PEACE INS (GPI) CIC

Contents of the Financial Statements

for the Period Ended 31 January 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GLOBAL PEACE INS (GPI) CIC

Profit And Loss Account

for the Period Ended 31 January 2023

2023 2022


£

£
Turnover: 660
Gross profit(or loss): 660
Administrative expenses: ( 200 ) ( 600 )
Operating profit(or loss): (200) 60
Profit(or loss) before tax: (200) 60
Tax: ( 11 )
Profit(or loss) for the financial year: (200) 49

GLOBAL PEACE INS (GPI) CIC

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 3,134 3,334
Total current assets: 3,134 3,334
Creditors: amounts falling due within one year: 3 ( 3,028 ) ( 3,028 )
Net current assets (liabilities): 106 306
Total assets less current liabilities: 106 306
Total net assets (liabilities): 106 306
Members' funds
Profit and loss account: 106 306
Total members' funds: 106 306

The notes form part of these financial statements

GLOBAL PEACE INS (GPI) CIC

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 October 2023
and signed on behalf of the board by:

Name: Dr Aishath Rafiyya
Status: Director

The notes form part of these financial statements

GLOBAL PEACE INS (GPI) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the fair value of the consideration receivable, excluding Value Added Tax, in the ordinary course of business for services provided

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write of the cost of assets, les its estimated residual value. over the useful economic life of that asset as follows: Equipment and computers - 33.3% straight line.

GLOBAL PEACE INS (GPI) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

GLOBAL PEACE INS (GPI) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 3,028 3,028
Total 3,028 3,028

COMMUNITY INTEREST ANNUAL REPORT

GLOBAL PEACE INS (GPI) CIC

Company Number: 12394388 (England and Wales)

Year Ending: 31 January 2023

Company activities and impact

Global Peace Ins. CIC had run a non-profit think tank called as Global Peace Institute (GPI) established in 2019 (under Global Peace Ins. Pte Ltd). It is an independent, non-profit think-tank promoting peace and resilience through building relationships across communities, villages and cities. We believe that peace can be attained through peace education, dialogues, training, creating awareness and research. The GPI initiation was initially started in South Korea and to date has been instrumental in advocating for human rights & peace building at a global level. Now the initiation has many agencies across the globe working for the cause. During 2019-2021 the Institution has engaged in many peace research activities, summits, seminars and talk shows involving professionals, educators, women, young people and children. Through different advocacy activities and research, we have reached over 19000 people worldwide. We are able to recruit more than 2000 young people to be global young Ambassadors making a positive change in their communities.

Consultation with stakeholders

The institution's stakeholders are the global community including women, young people and children. The directors and team members of the company with their professional education and experience in advocating for human rights, peacekeeping has developed advocacy tools for research and publications. Through the programs, different summits and talk shows, we have gathered views and consultations from the stakeholders and the problems in their communities. These consultations have cabled us to create training programs to educate stakeholders on resolving interfaith and intrafaith disputes, enhance tolerance and cooperation.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 October 2023

And signed on behalf of the board by:
Name: Dr Aishath Rafiyya
Status: Director