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COMPANY REGISTRATION NUMBER:
05218083
CHARITY REGISTRATION NUMBER:
1118053
Company Limited by Guarantee |
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Unaudited Financial Statements |
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Company Limited by Guarantee |
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Year ended 31 August 2024
Trustees' annual report (incorporating the director's report) |
1 |
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Independent examiner's report to the trustees |
13 |
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Statement of financial activities (including income and expenditure account) |
14 |
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Statement of financial position |
15 |
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Notes to the financial statements |
16 |
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Company Limited by Guarantee |
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Trustees' Annual Report (Incorporating the Director's Report) |
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Year ended 31 August 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended
31 August 2024
.
Reference and administrative details
Registered charity name |
PEACE MALA |
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Charity registration number |
1118053 |
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Company registration number |
05218083 |
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Principal office and registered |
122 Clydach Road |
office |
Morriston |
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Swansea |
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SA6 6QB |
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The trustees
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MS P C EVANS MBE |
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MRS N M GLASS MBE |
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MR M S GREEN |
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Company secretary |
MRS N M GLASS MBE |
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Independent examiner |
Carl West ACA. |
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144 Walter Road |
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Swansea |
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SA1 5RW |
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Structure, governance and management
Peace Mala is a charitable company limited by guarantee, incorporated on 31st August 2004. Peace Mala operates within the framework of the Memorandum and Articles of Association.
As set out in the Articles of Association, all trustees are appointed at the AGM. Any significant decisions need to be approved at Trustees meetings. The number of Trustees shall not be less than 3 (unless otherwise determined by ordinary resolution) but shall not be subject to a maximum.
Trustee induction and training
Most trustees are already familiar with the practical work of the charity as most were previously involved in Peace Mala in some way. They are also regularly invited to take part in team-building and staff development days and other Peace Mala events.
Additionally, new trustees are given various documentation to familiarise themselves with the charity and the context within which it operates. These cover:
The obligations of Management Committee members
The main documents which set out the operational framework for the charity including the Memorandum and Articles
Resourcing and the current financial position as set out in the latest published accounts
Future plans and objectives.
Risk Management
The Management Committee has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the charity. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
The trustees have conducted their own review of the major risks to which the charity is exposed, where at unacceptable levels, haven taken steps to mitigate those risks. The procedures are periodically reviewed to ensure that they still meet the needs of the charity. The principle risks facing the charity and a summary of the key mitigation actions, are noted below.
Risk:
Political opposition from competitors
Mitigating Actions:
Focus on building one-to-one relationships with key organisations and individuals Identifying mutual beneficial ways of working and supporting other organisations to achieve their objectives
Recognising expertise and seeking to harness and bring together strengths of competitors in a coalition style network
Risk:
Loss of focus/ mission drift
Mitigating Actions:
Regular meetings, involving range of stakeholders including staff and volunteers.
Regular and effective consultation with key client group Having engaged, skilled and trained trustees who provide challenge and support for Peace Mala leadership.
Risk:
Staff malpractice/ a safeguarding failure
Mitigating Actions:
Implementing recruitment policies and controls for staff/ volunteers with appropriate DBS checks Regular provision of safeguarding training for all staff and volunteers Effective supervision procedures
Effective risk assessment systems in place
Risk:
A major property incident
Mitigating Actions:
Implementation of ongoing property checks
Risk:
Loss of key personnel
Mitigating Actions:
Regular appraisals & team meetings
Team development activities
Quality continuing professional development opportunities
Risk:
Reduction in clients / service users
Mitigating Actions:
Development of activities and community projects to attract new members
Risk:
Loss of funding for projects
Mitigating Actions:
Diversify funding streams
Generate own income
Key management remuneration
The board of Trustees together with key staff members are considered to be the key management personnel of the charity. Details of payments to / from Trustees are disclosed in note 13 to the accounts. Payments made to other key management personnel are given in note 12. The level of payment made to all key management personnel is reviewed annually by Trustees.
Organisational structure
A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Manager. The Manager is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met and also has responsibility for the day to day operational management of staff, individual supervision of the staff team and also ensuring that the team continue to develop their skills and working practices in line with good practice.
Objectives and activities
Peace Mala is a charity registered with the Charities Commissioners. The principal activity of the company in the period under review was the promotion of friendship and peace between all faiths and all people in the world. Peace Mala is an ethically guided "non profit taking" organisation.
Achievements and performance
This is Peace Mala's 22nd year since its launch at the UNA Wales Temple of Peace, Cardiff.
At the start of the year, we realised that the world-wide situation had become more troubling on so many levels. The Russian-Ukraine war continues to persist, and at the start of the year, the Israel Gaza conflict had escalated with other areas of the Middle East also affected. Here in the UK, we have witnessed a steep rise in antisemitism, Islamophobia and racism.
The Peace Mala project is now needed more than ever to encourage our children and young people to become compassionate and well-informed citizens of the future. We are so uplifted to witness the wonderful work being achieved by our schools and youth groups across the UK.
On Friday 26th January, two of our Swansea accredited schools took part in the Holocaust Memorial Event organised by Swansea City Council and held at the Swansea Stadium. Ysgol Tan y Lan sang beautifully and moved many people in the audience to tears. St Joseph's Catholic Primary School Clydach sent a powerful film they had created. They were unable to attend in person as they were in the middle of an RE inspection. Norma Glass MBE, senior trustee of Peace Mala and a highly respected member of Swansea Orthodox Jewish Community closed the event with a very powerful and moving speech. Pupils in all our schools are encouraged to learn about the Holocaust.
On 29th January the founder and Norma Glass attended a meeting in Bridgend with Tara Reddy who has been appointed as the Youth Work Manager for a new project partnering the Boys and Girls Clubs of Wales with South Wales Police Youth Volunteers Scheme. Tara is looking into the possibility of incorporating the Peace Mala educational project and accreditation process into this exciting initiative. She is aware of our success with the Police Youth hubs in Swansea and Neath Port Talbot and hopes to share this with youth hubs across the rest of South Wales.
On Friday 9th February, the Board of Trustees approved the evidence produced for our highest award of Platinum Accreditation produced by Catwg Primary School in Neath South Wales. Catwg have been involved with the project for many years and have attended and taken part in all of our public events. The evidence produced for our Platinum Award is outstanding. It is hoped that the certificate will be presented by Jermey Miles MS Minister for Education in the Senedd. Headteacher Gareth Phillips has this to say about Peace Mala:
'At Catwg we are incredibly proud of our inclusive ethos and feel that the Peace Mala message fits perfectly with the work we do in school promoting peace, friendship and respect in celebrating diversity. Estyn recognised this work by commenting, "Nearly all pupils demonstrate the motto of 'treat others as you would want to be treated' by showing the utmost respect for each other and all adults. "Similarly, Relationships between staff and pupils, and between each other, are exceptional." Gareth Phillips went on to say, "The Peace Mala message is simple - we are part of a world community where everyone is unique and special. We all deserve to be treated with respect and to live in peace. We are proud to hold the highest award for Peace Mala, and looking forward to continuing our Peace Mala journey and sharing its message to help build a better world."
On Thursday 22nd February we received a message from the manager of the shop at The Monastery in Manchester informing us that the sale of Peace Mala bracelets had been a success and that they wished to order more. This is very good news. The Monastery hosts many events and hundreds of people visit for workshops, corporate events, weddings and monthly interfaith services for healing and world peace. It is hoped that the sale of Peace Malas at the shop will raise more awareness of our work.
On Saturday 2nd March, the founder was invited by the National Education Union in Wales to give a
presentation and workshop at their International Women's Day Conference in Cardiff. Female teachers from across Wales took part, including EJ Renold, Professor of Childhood Studies at Cardiff University. The organisers reported a lot of positive feedback. Gabriela Ferguson, a Mathematics teacher at Llanishen High School and Co-Founder of ROCA (a not-for-profit organisation supporting the Romanian Community in Wales) contacted us directly, congratulating us on our important work and asking for permission to raise awareness of Peace Mala's work with her community and her Headteacher. We trust that much good will come of this.
On Thursday 4th April, the founder gave a presentation on Peace Mala to St John's Mothers Union in Gowerton. It was very well received.
On Sunday 14th April the founder was interviewed via Zoom by Tim Wyatt (former BBC and Sky News reporter) for Leeds Theosophical Society. The interview raised much interest in Peace Mala and its work with interfaith and efforts for peace and community cohesion. The interview was later published on YouTube and continues to attract interest.
On Friday 19th April, Catwg Primary School Neath celebrated their achievement of our Platinum Accreditation Award which celebrates the highest and most outstanding Peace Mala work achieved by a school. Dignitaries attending the ceremony were Mrs Jill Johnson Deputy Lord Lieutenant of West Glamorgan, Mrs Melanie James JP High Sheriff of West Glamorgan, Cllr Graham Thomas Mayor of Neath Port Talbot, and Jeremy Miles MS, former Minister for Education in the Senedd (Welsh Government). Pupils from Year 6 6 gave an outstanding presentation on the messages of Peace Mala and sang the Peace Mala anthem 'One Light' along with other musical items. We have asked the school to film the presentation so that it can be shared with other schools.
On 30th April, Rhayader CinW Primary School were informed that they had achieved our Gold Accreditation Award. Their outstanding evidence was published on our website. We shall celebrate with them on Wednesday 3rd July.
On May 29th Maindee Primary School in Newport received news that they had achieved our Silver Accreditation Award. A date for the accreditation celebration would be arranged before the end of the summer term.
On Tuesday 4th June, Rhayader CinW Primary School took part in the Year Six Leavers Service in Brecon Cathedral. They gave an excellent presentation on the message of Peace Mala and their school's involvement with the project. The cathedral was packed with pupils from all the Diocesan primary schools. The Right Revd. John Lomas, Bishop of Swansea and Brecon led the service.
The following day we were informed by Eryl Jones, Director of Communications for the Diocese, that he would be making a feature article in the next magazine on the Gold Awards achieved by Rhayader and Christchurch Primary School. His aim is to promote Peace Mala and the work the schools have been doing to gain the award. He will attend Rhayader Primary's Award Ceremony in order to take photos and make a film, interviewing the Head Teacher, Bishop and pupils.
On 11th June, Maindee Primary School in Newport informed us that ESTYN would be coming to their school for the week of 24th June. They informed us that they would like to do a Peace Ceremony and receive our award on the afternoon of the 25th June at 2:30pm. The school explained that this would be a fantastic opportunity to share the work and importance of Peace Mala, and that having the Accreditation Ceremony on this date would also help spread awareness and promote Peace Mala to the whole of Wales, ensuring that registered inspectors understand the importance and value of it.
The headteacher, Mrs Jo Cueto, sent this endorsement of our work for the Peace Mala website:
"We were inspired to become involved in our Peace Mala journey by our local community partner Community House Eton Road Newport. It was clear from their work that Peace is one thing that can unite us all regardless of faith and ethnicity. As a school we work hard to ensure
that we include everyone, and our work is respectful of all of the protected characteristics. Through our Peace Mala work children are encouraged to hold strong moral values and apply this to everything they do. The golden rule is embedded across our school and is an important reminder to both children and adults within our school community about how to treat each other.
We have adopted Peace as our whole school value which supports our vision of Learning and Living in Harmony. We recently became a recognised School of Sanctuary as we ensure that our school is a safe place for everyone. The School of Sanctuary work was closely aligned to the core values linked to our Peace Mala journey.
Our School Curriculum is formed around our whole school Peace Plan which details all of the events and celebrations that we engage in throughout the year linked to culture, faith and all of the protected characteristics. This is revised annually with input from pupils, parents and wider community partnerships. This ensures that our curriculum is relevant to the children in our school at that time."
On Sunday 23rd June the Litha Pagan Moot held a Peace Mala workshop in the community hub at The Monastery in Gorton Manchester.
On Wednesday 3rd July, dignitaries and trustees of the Peace Mala educational project attended the award ceremony and celebrations at Rhayader Church in Wales Primary School who have achieved Peace Mala's Gold Accreditation which celebrates outstanding Peace Mala work achieved by a school.
The founder of Peace Mala congratulated the school on their outstanding Peace Mala work which covers community cohesion and global citizenship, needs and human rights, interfaith friendship, interdependence, active compassion, celebration of diversity, environmental responsibilities, sustainable change, compassion for animals and peace education.
She explained that not only does the cross curricular project embody the new Curriculum for Wales, it also supports young people in becoming ethical, informed and compassionate citizens of Wales and the world.
Pupils at the school, sang songs of peace and also delivered the powerful messages of the double rainbow Peace Mala bracelet which focuses on the Golden Rule of all compassionate faiths, philosophies and cultures, to 'Treat others and we would wish them to treat you'.
The founder further commented that Rhayader pupils are setting such an important example for young people in Wales and further afield. She thanked the Headteacher, Mrs Linda Crockett for her outstanding leadership skills and her hard-working staff for the amazing work they are doing with the pupils.
The High Sheriff of Powys, Lady Kathryn Silk JP later posted this message on her X (formerly Twitter) account:
"Thrilled to join children and staff of Rhayader C/W School, the indefatigable Pam Evans MBE, founder of @PeaceMala (https:/twitter.com/PeaceMala) and other dignitaries to celebrate the school's achievement of gold accreditation. Golden Rule: Treat others as you would wish them to treat you. Llongyfarchiadau!"
On 30th July the founder posted the following article about Junior Peace Mala Ambassadors on our website News Desk:Every so often we receive words of praise or encouragement from people about the work of Peace Mala and what it is achieving with children and young people.
The first positive comments arrived from His Holiness the Dalai Lama of Tibet on 24th March 2003.
Close on his heels came words of encouragement in a letter from the Vatican from His Holiness Pope Saint John Paul II. There have been many since which you can find in the endorsements section of the Peace Mala website.
The comments and reactions of children and young people have a special power.When Aminah Hashmi wrote to me in early January 2023 on behalf of the pupils of St Agnes C.E. Primary School in Manchester, one of our Gold Award schools, her letter reduced me to tears. Aminah explained that she was a member of the pupil team of Junior Peace Mala Ambassadors and that they were organising an event to launch Hate Crime Awareness Week at The Monastery Gorton Manchester with the support of Manchester City Council and would I attend. The event would celebrate the work of Peace Mala in Manchester schools. She went on to explain how proud the pupils were about Peace Mala and that they hoped one day all schools in Britain would become Peace Mala schools and help the world become aware of Britain as a country of peace.
More recently I was at Maindee Primary School in Newport south Wales, when a teacher approached me and said a pupil in the Peace Pals team wanted to speak to me in private. What he said, left me almost speechless. I later met his mother and with her permission, the school's approval and most importantly the consent of Ebube, I am sharing his words with you today.
"I am very proud to be a Peace Pal for Maindee Primary School and a Junior Peace Mala Ambassador. I feel like a chosen one; chosen by God.
I wanted to be a Peace Pal because I want to help people, like Jesus did because he wanted peace. Our job as Peace Pals is to help people because if there was no peace there would be darkness. If there was no peace there would be chaos, and if there was no peace no one would survive. As a Peace Pal and a Junior Peace Mala Ambassador you have to be selfless not selfish.
The world is filled with much darkness and cruelty. I believe that with Peace Mala and the Golden Rule, we can change things."
Ebube Divine Nwankwor
Maindee Primary School Newport South Wales UK
https:/www.maindeeprimaryschool.co.uk/en_GB/peace-mala/
On Monday 10th August, Youth Worker Kayleigh Cowdery and her team, along with the new manager and CEO of the Boys and Girls Clubs of Wales, Grant Poiner, attended a meeting at Peace Mala HQ to discuss the South Wales Police Youth Volunteers project that will be taking Peace Mala accreditation into more youth hubs across south Wales. Grant Poiner said that he was very impressed with what Peace Mala is offering to young people. The team commented that they intend to offer the Peace Mala programme to at at least nine youth hubs. The PYV scheme is part of a police uniformed youth group recognised throughout the UK. It aims to encourage the spirit of adventure and good citizenship and inspire young people to participate positively in their communities.
On Tuesday 24th September, Ysgol Tan y Lan in Clase Swansea hosted our annual interfaith ceremony for world peace celebrating the United Nations International Day of Peace. This was the very first time for a school to host our event. Up until this year, we have always held the event in Anglican and Roman Catholic Cathedrals and churches. The day proved a wonderful success with pupils from three other schools also participating in the ceremony.
Dignitaries who attended included the Deputy Lord Lieutenant of West Glamorgan Mrs Jill Johnson, The High Sheriff of West Glamorgan Mrs Melanie James JP and the Lord Mayor and Mayoress of the
City and County of Swansea. The High Sheriff described the event as wonderful and that it filled her heart with joy! The Lord Mayor commented,
"The principle of the Golden Rule and the development of relationships within and between communities is what makes Peace Mala so important. As the world appears to be c oming more fractious, it further makes Peace Mala and its principles so important."
Cllr Robert Smith, Cabinet Member for Education & Learning in Swansea City Council stated,
"It was a privilege once again to attend the Peace Mala World Peace Service and take part in this important event. The values which Peace Mala promotes and the messages it instils are needed now more than ever in all our lives. I urge all schools to join in Peace Mala's work and to help promote its message of hope."
Sixteen faith traditions took part in the ceremony. The Right Reverend John Lomas, Anglican Bishop of Swansea and Brecon, lit the main candle for world peace with prayers read in Welsh and English by pupils from Ysgol Tan y Lan. Bishop John gave an inspirational short speech and blessing to close the ceremony.
On Sunday 13th October an Interfaith Gathering of Prayer and Peace took place via Zoom organised by the Week of Prayer for World Peace organisation. This was the fiftieth anniversary and Peace Mala was invited to take part. Pupils from Ysgol Tan y Lan Swansea read out our prayer for world peace in Welsh and English. A peace prayer composed by pupils from Catwg Primary School Neath was included in the prayer resources sent out across the UK and further afield.
On Thursday 24th October, Maindee Primary School in Newport organised a special celebration of their Peace Mala Silver Accreditation Award. Local dignitaries were invited including John Griffiths MS, Natasha Asghar Ms and Jessica Morden MP who posted photographs and positive comments about the school and Peace Mala on her Facebook page. Natasha Asghar MS later wrote to the Peace Mala office with the following endorsement of the project:
"Peace Mala is a truly remarkable project, launched by a truly remarkable woman, which works with our younger generation to promote peace and unity.
I had the privilege of seeing the project in action recently when I visited Maindee Primary School in Newport to celebrate the school receiving the Peace Mala Silver Accreditation
Peace Mala is all about immersing our youngsters in different cultures and religions from around the world to help create a more compassionate society.
The work Pam and her team does is truly inspirational, and I would encourage all schools across Wales to get involved with Peace Mala.
I will do all I can as the Member of the Welsh Parliament for South Wales East to support Peace Mala.
We must all remember, treat others as you would wish them to treat you."
The Autumn edition of 'Cymuned' (Diocesan magazine for the Church in Wales Swansea and Brecon) published an article about Rhayader Primary School's Peace Mala Gold Award, including a comment from headteacher Lynda Crockett who stated,
"Rhayader School is very proud to be a Peace Mala school. Peace Mala isn't an additional thing that we do. It's part of everything we do. Its part of everyday life for us. It's our values."
We are delighted to report that two more schools in the diocese have started their journey towards Peace Mala accreditation: Llangattock Primary Crickhowell and Gladestry Primary Kington, both in the
county of Powys. We are also delighted to welcome Davyhulme Primary, a new Manchester school, and Elmridge Primary School in Cheshire who have started their Peace Mala journeys.
In recent months we are delighted to welcome a new trustee to our board; Angela Medway Smith, who has a background of experience in banking and business. Janet White, who has former experience in teaching, is also joining our team as our first Schools Liaison Officer for Greater Manchester. Both will bring their valued experience and energy to the project.
During the October Half Term, the founder's new book for children and young teenagers 'Return of the Goddess' was published by Drawn to a Story:
Prompted by a message from the Wizard Merlin, Dylan joins his mother Lowri and the fabulously eccentric, wise Aunt Dorothy on a magical journey from the mysterious Carn Ingli in the Preseli Hills of Pembrokeshire, West Wales, to Santiago de Compostela in Galicia.
Along the way they meet the Wizard himself, the Tashi Lunpo Tibetan monks and a Sufi Muslim. When they arrive on the Camino, they are joined by pilgrims including a Native America Medicine Woman, two Irish nuns and a Jew.
This story explores major spiritual beliefs, Celtic legends, magic, and the power of the Goddess as she appears in so many world religions.
A powerful message of love, friendship and unity unfolds as Dylan approaches his twelfth birthday.
The book is available on Amazon with all proceeds going to Peace Mala. It has received good reviews and we trust it will do well. On Tuesday 12th November, the founder and Norma Glass MBE (Senior Trustee for Peace Mala) were invited to Hafod Primary School Swansea to participate in activities for Interfaith week. Hafod have achieved our highest award of Platinum Accreditation and continue to do wonderful work. We met up with Year 5 pupils. Norma explained aspects of her Jewish faith and the founder explained why the Peace Mala project began. The children were attentive and very engaging. Earlier in the year we received a 'phone call to the office from Revd Andy Williams who explained that he first learned about Peace Mala in 2013 when he was working for Faith Network 4 Manchester. He now co-leads the Blackley Centre for Peace and Inter Faith relations in West Yorkshire. He went on to explain that in partnership with Calderdale Interfaith and the Peace Studies Department of Bradford University, the Blackley Centre for Peace and Inter Faith relations will be holding a Peace Conference on on 16th November 10.30am to 3.30pm and that they would like to include Peace Mala. We put him in touch with Revd Fujo Malaika, an ordained Interfaith Minister and Peace Mala Ambassador who lives in the Manchester area. Revd Maliaka agreed to lead a Peace Mala workshop at the conference.
From November 27-30th, Soka Gakkai international, a socially engaged Buddhist movement for peace based on the Buddhism of Nichiren Daishonin, organised a week long major exhibition co-created with Earth Charter International at the University of Trinity St Davids in Carmarthen. Peace Mala was invited to take part. We did this with the support of South Wales Police Youth Volunteers and the Boys and Girls Clubs of Wales. The founder was invited to give a talk and presentation on Peace Mala explaining our vision and work, as well as the history of how it all began in the aftermath of 9/11.
Towards the end of November, we received a donation of £100 from the Theosophical Order of Service for our valuable work. We are very grateful for this and will put the donation to good use. As we approach the end of another year, we continue to focus on our important work which encourages young people to become responsible and caring citizens of the future. Our compassionate wish is for people, animals and the environment to be at peace. Our deepest thanks go out to all our supporters, volunteers, hard-working teachers and youth leaders as we work together to help create a more compassionate and just world.
Pam Evans MBE
Founder and CEO of Peace Mala
"Creative Compassionate Education that Empowers and Embraces All
Uniting the world in Peace "
www.Peace Mala.org.uk
Financial review
The accounts have been prepared in accordance with the Statement of Recommended Accounting Practice (SORP 2005). As a result they do not contain an "Income and Expenditure Account" but rather a "Statement of Financial Activities." This shows total incoming resources offset against total resources expended.
The charity's net incoming resources of £15,409 consists of donations receivable of £6,448 and fundraising sales of £8,961.
Incoming resources were exceeded by outgoing resources by £221.
Plans for future periods
Priorities for the next three years have been identified and approved by the trustees.
Sustainability
Without adequate funding, Peace Mala will struggle to survive. Successful applications for grant funding are a priority.
Youth and Community Liaison Officer
This is a very important aspect of Peace Mala. At the moment this work continues to be done by myself on an unpaid volunteer basis. We are in desperate need of a qualified and enthusiastic person who will be able to do this important Youth and Community PR work for Peace Mala.
Volunteers for training
Volunteers are needed for many aspects of essential work with Peace Mala. We are members of SCVS and have registered our need for more volunteers.
Peace Mala Accreditation for Schools, Youth Groups and Community Groups
Funding and sponsorship of the above new initiative is always welcome. We have devised school and group starter packs with all our educational resources. Sponsors can help us supply schools and groups with all the resources they need to explore the Peace Mala project and to work towards full accreditation. The more sponsorship we receive, the more schools and groups we can encourage to engage with Peace Mala. Certificates and flags are an additional cost once a school or group has qualified for accreditation.
Raw stock and manufacture of Peace Malas and kits
This has always been a concern. As demand for Peace Mala products increases, we need a more efficient way of ensuring that supply and demand are met. It has been our desire from the start that Peace Malas be made Fair Trade in a third world country. Hopefully this will be achieved at some point in the future.
Office facilities and training rooms
As Peace Mala continue to grow, our present office space and training area will eventually prove inadequate. We will need funding to rent larger premises
Community Projects
With the vision of Peace Mala there is potential for good community projects. The making of peace gardens is an excellent example. This is encouraged in area seven of our accreditation process. Schools who have already engaged in this activity report that it has made a huge difference to pupils and that relationships between staff and parents have improved and this in turn has made a positive impact on the local community.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on
30 November 2024
and signed on behalf of the board of trustees by:
Company Limited by Guarantee |
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Independent Examiner's Report to the Trustees of
PEACE MALA |
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Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of
PEACE MALA
('the charity') for the year ended 31 August 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1.
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2.
the financial statements do not accord with those records; or
3.
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4.
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I 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 accounts to be reached.
Carl West ACA.
Independent Examiner
144 Walter Road
Swansea
SA1 5RW
30 November 2024
Company Limited by Guarantee |
|
Statement of Financial Activities |
(including income and expenditure account) |
|
Year ended 31 August 2024
|
2024 |
2023 |
|
Unrestricted funds |
Total funds |
Total funds |
Note |
£ |
£ |
£ |
|
|
|
|
Income and endowments
Donations and legacies |
5 |
6,448 |
6,448 |
7,331 |
Other trading activities |
6 |
8,961 |
8,961 |
8,336 |
|
-------- |
-------- |
-------- |
Total income |
15,409 |
15,409 |
15,667 |
|
-------- |
-------- |
-------- |
|
|
|
|
|
Expenditure
Expenditure on charitable activities |
7,8 |
15,630 |
15,630 |
16,323 |
|
-------- |
-------- |
-------- |
Total expenditure |
15,630 |
15,630 |
16,323 |
|
-------- |
-------- |
-------- |
|
|
|
|
|
|
-------- |
-------- |
-------- |
Net expenditure and net movement in funds |
(
221) |
(
221) |
(
656) |
|
-------- |
-------- |
-------- |
|
|
|
|
Reconciliation of funds
Total funds brought forward |
22,628 |
22,628 |
23,284 |
|
-------- |
-------- |
-------- |
Total funds carried forward |
22,407 |
22,407 |
22,627
|
|
-------- |
-------- |
-------- |
|
|
|
|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Company Limited by Guarantee |
|
Statement of Financial Position |
|
31 August 2024
Fixed assets
Tangible fixed assets |
14 |
|
2,674 |
2,971 |
|
|
|
|
|
Current assets
Stocks |
15 |
5,055 |
|
5,688 |
Cash at bank and in hand |
16,619 |
|
15,855 |
|
-------- |
|
-------- |
|
21,674 |
|
21,543 |
|
|
|
|
|
Creditors: amounts falling due within one year |
16 |
1,941 |
|
1,886 |
|
-------- |
|
-------- |
Net current assets |
|
19,733 |
19,657 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
22,407 |
22,628 |
|
|
-------- |
-------- |
Net assets |
|
22,407 |
22,628 |
|
|
-------- |
-------- |
|
|
|
|
|
Funds of the charity
Unrestricted funds |
|
22,407 |
22,627
|
|
|
|
-------- |
-------- |
Total charity funds |
17 |
|
22,407 |
22,627
|
|
|
|
-------- |
-------- |
|
|
|
|
|
For the year ending 31 August 2024 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 year 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 statements were approved by the
board of trustees
and authorised for issue on
30 November 2024
, and are signed on behalf of the board by:
Company Limited by Guarantee |
|
Notes to the Financial Statements |
|
Year ended 31 August 2024
1.
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 122 Clydach Road, Morriston, Swansea, SA6 6QB.
2.
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 Act 2006.
3.
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 concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances
.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits 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 entitlement to the gift, 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 goods 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 if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement 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 charitable 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 charity 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 activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
10% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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. 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 consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where 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 such investments are subsequently measured at cost less impairment. Other financial instruments, 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. Other financial instruments are subsequently measured at fair 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 carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Limited by guarantee
The Charity company is limited by guarantee.
5.
Donations and legacies
|
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
|
|
£ |
£ |
£ |
£ |
|
|
|
|
|
|
Donations
|
Donations |
6,448 |
6,448 |
7,331 |
7,331 |
|
|
------- |
------- |
------- |
------- |
|
|
|
|
|
|
6.
Other trading activities
|
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
|
|
£ |
£ |
£ |
£ |
|
Fundraising Sales |
8,961 |
8,961 |
8,336 |
8,336 |
|
|
------- |
------- |
------- |
------- |
|
|
|
|
|
|
7.
Expenditure on charitable activities by fund type
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
|
|
£ |
£ |
£ |
|
Activity type 1 |
14,090 |
– |
14,090 |
|
Support costs |
1,540 |
– |
1,540 |
|
|
-------- |
---- |
-------- |
|
|
15,630 |
– |
15,630 |
|
|
-------- |
---- |
-------- |
|
|
|
|
|
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
|
|
£ |
£ |
£ |
|
Activity type 1 |
7,046 |
7,942 |
14,988 |
|
Support costs |
1,336 |
– |
1,335 |
|
|
------- |
------- |
-------- |
|
|
8,382 |
7,942 |
16,323 |
|
|
------- |
------- |
-------- |
|
|
|
|
|
8.
Expenditure on charitable activities by activity type
|
Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
|
£ |
£ |
£ |
£ |
|
Activity type 1 |
14,090 |
– |
14,090 |
14,988 |
|
Governance costs |
– |
1,540 |
1,540 |
1,335 |
|
|
-------- |
------- |
-------- |
-------- |
|
|
14,090 |
1,540 |
15,630 |
16,323 |
|
|
-------- |
------- |
-------- |
-------- |
|
|
|
|
|
|
9.
Analysis of support costs
|
Analysis of support costs activity 1 |
Total 2024 |
Total 2023 |
|
£ |
£ |
£ |
|
Support costs - Other costs type 1 |
1,280 |
1,280 |
1,205 |
|
|
------- |
------- |
------- |
|
|
|
|
|
10.
Net expenditure
Net expenditure is stated after charging/(crediting):
|
2024 |
2023 |
|
£ |
£ |
Depreciation of tangible fixed assets |
297 |
330 |
|
---- |
---- |
|
|
|
11.
Independent examination fees
Fees payable to the independent examiner for:
Independent examination of the financial statements |
1,280 |
1,205 |
|
------- |
------- |
|
|
|
12.
Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
|
2024 |
2023 |
|
£ |
£ |
Wages and salaries |
– |
814 |
|
---- |
---- |
|
|
|
The average head count of employees during the year was Nil
(2023:
1
).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
13.
Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14.
Tangible fixed assets
|
Fixtures and fittings |
Total |
|
£ |
£ |
Cost |
|
|
At 1 September 2023 and 31 August 2024 |
8,396 |
8,396 |
|
------- |
------- |
Depreciation |
|
|
At 1 September 2023 |
5,425 |
5,425 |
Charge for the year |
297 |
297 |
|
------- |
------- |
At 31 August 2024 |
5,722 |
5,722 |
|
------- |
------- |
Carrying amount |
|
|
At 31 August 2024 |
2,674 |
2,674 |
|
------- |
------- |
At 31 August 2023 |
2,971 |
2,971 |
|
------- |
------- |
|
|
|
15.
Stocks
|
2024 |
2023 |
|
£ |
£ |
Raw materials and consumables |
5,055 |
5,688 |
|
------- |
------- |
|
|
|
16.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Accruals and deferred income |
1,335 |
1,280 |
Director loan accounts |
606 |
606 |
|
------- |
------- |
|
1,941 |
1,886 |
|
------- |
------- |
|
|
|
17.
Analysis of charitable funds
Unrestricted funds
|
At 1 September 2023 |
Income |
Expenditure |
At 31 August 2024 |
|
£ |
£ |
£ |
£ |
General funds |
22,628 |
15,409 |
(15,630) |
22,407 |
|
-------- |
-------- |
-------- |
-------- |
|
|
|
|
|
|
At 1 September 2022 |
Income |
Expenditure |
At 31 August 2023 |
|
£ |
£ |
£ |
£ |
General funds |
15,342 |
15,667 |
(8,382) |
22,627 |
|
-------- |
-------- |
------- |
-------- |
|
|
|
|
|
18.
Analysis of net assets between funds
|
Unrestricted Funds |
Total Funds 2024 |
|
£ |
£ |
|
Tangible fixed assets |
2,674 |
2,674 |
|
Current assets |
21,674 |
21,674 |
|
Creditors less than 1 year |
(1,941) |
(1,941) |
|
|
-------- |
-------- |
|
Net assets |
22,407 |
22,407 |
|
|
-------- |
-------- |
|
|
|
|
|
Unrestricted Funds |
Total Funds 2023 |
|
£ |
£ |
|
Tangible fixed assets |
2,971 |
2,971 |
|
Current assets |
21,543 |
21,543 |
|
Creditors less than 1 year |
(1,886) |
(1,886) |
|
|
-------- |
-------- |
|
Net assets |
22,628 |
22,628 |
|
|
-------- |
-------- |
|
|
|
|