The CISV International Peace Fund Trust was created in 1988 to globally support CISV objectives, but it is registered independently and has different Trustees and governing instruments. The Peace Fund’s governing instruments are the 23 September 1991 Declaration of Trust and Administrative Regulations established in accordance with the Declaration of Trust’s authority.
Objectives of the Fund
The trustees shall hold the Trust Fund and the income thereof upon trust to apply the same to further the objects of CISV International Association which are:
- To advance education in the understanding, internationally, of children throughout the world, without distinction of race, religion or politics, so that they may grow to maturity, conscious of their responsibilities as human beings
- To develop the individual child’s potential for cooperation with others
- To further research contributing to this work.
Trustees are appointed by the board of trustees. The trustees meet several times annually either in person or holding frequent email meetings to administrate the funds and assess grant applications. One trustee is assigned to each sub fund as Liaison person, effectively guiding the full board of trustees through the process of approving or refusing the grant application.
Statement of Trustees’ Responsibilities
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that period.
In preparing those financial statements the Trustees are required to:
a.select suitable accounting policies and then apply them consistently;
b.make judgements and estimates that are reasonable and prudent;
c.state whether the policies adopted are in accordance with Statement of Recommended Practice “Accounting by Charities” and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
d.prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2000.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
The CISV International Peace Fund is a Registered Charity in England and Wales. The Registration Number is 1005161.
More information: http://www.cisv.org/resources/peace-fund/