The Peel Institute Company
Annual Report and Financial
Statements
31 March 2021
tsmited by Ojarantee
Registratrw Number
3389572 IEwll2r>d and Wa*sl
Charty Re9St￿l￿ Number
1C68155
•tsAKHDIC9°
3111212021
COMPANIES HCKJS
A03
#116

Contents
Reports
Reference and administrative information
Chair's statement
Trustees, report
Independenl auditorfs report
Financial statements
Slatemenl of financial activities
14
Balance sheet
15
Statement of cash flows
16
Principal accounting policies
17
Notes to the financial statements
22
The Peel Institute Company

Reference and administrative inforniation
Trustees
Natasha Anderson
Robert Andrews (resigned 25 October, 20211
Jonathan Gillelt {resigned - 8 December 2020}
Roger Gillett
ANinda Gohil (Chairl
Alan Geofftey Llewellyn Ivice Cha￿- resigned
19 October 20201
Jonathan Martyr
Sarah WcM)yfield
sal￿ Whitney (appointed 19 February 20211
Emma Hallinan18ppoinled 18 January 2021 }
Anne-marie Clive lappoinled 7 December
2020)
VeTan Patel (appointed 261h October 20201
Chief Executivo
Olukayodele Alake
Company registrntion number
3389572 {England and Wales)
Charity registrntion number
1068155
Regislered office
3 corr￿ Centre
N(xthampton Road
London
EC1R OHU
Audilor
Buzzacott LLP
130 Wood Street
London
EC2V 60L
Bankers
Barclays Bank
9 Portman Square
London
W1A3AL
SoliGitors
Russell CcK)ke
2 Putney Hill
Putney
London
SW15 6AB
Governing Deed
Articles of Asscciation
The Peel Institute Company 1

Chaifs statement 31 March 2021
As the Chair of Trustees, I would like lo start by thanking all the staff, volunteers, trustees,
communty members. supporters and fundets who have together made vital conlribub.ons
to our communrty during an unprecedented challenging year.
This lime last year, we had onty passed the first stage of our time wrth COVID-19. The
challenges faung Ihe Peel by both the virus and the restrictions have been many. We
continued lo see the loss of many members of our clubs and community, the virus itself
affected our staff with personal loss and hardship. and the continued dfficulty of maintaining
as many services as ￿ible while making personal contact was dramatically curtailed.
Oespite these challenges, we saw the fruils of our continued commitment to creating a more
connected community in Clerkenwell. Even in these drfficull limes we were able to work with
the cofflmunity to allow new projects to start, classes lo be held online and conversations lo
be had with our neighbours. Throughout the year, staff and volunteers maintained contact
with hundreds of members of L￿r community of all ages. They did this through zoom, phone
calls, and even just using the opporbJnity of handing over our donated meals lo check in
wtth a neighbour.
We know and remain keenly aware that our communities remain divided. Perhaps rnosl
obvious this year has been the digitsl dtvide. We were delighted to partner with MER-IT in
their efforts lo bridge that gap. and to WO￿ with Galbur Foundation and Disabilily Action
Islington to help the North London CCG understand the nature of the divide and what could
be done lo tackle it.
This year we also said gwdbye to our CEO, Tom Neumark. While we are sad lo see him
depart, he moves on to lead the 999 Club. providing a lrfeline to rough sleepers in Lewisham.
We will miss his tireless efforts and enthu5iasrn for the Peel and commitment to building a
more connected ￿MMUnitY in Clerkenwell.
Thi5 will offer an opportunrty for renewal at the Peel. As we move into the next phase of the
pandemic, Ihe Peel wrll be reopening alongssde welcoming Tom's successor. Olu Alake. Olu
brings with him a wealth of experience and commitment lo the role community plays in our
lives. We are delighted to have hirn join us and look forward lo the Peel moving forward as
we move closer to our post-pandemic future.
inda Gohil
The Peel Institute Company 2

Trustsgs, report 31 March 2021
Mission Statement
The Peel's vision is to create a connected community where everyone benefits from living
here.
The Peel's three miswons are to..
Help children living in tKwety lo improve Iheir life chances by connecting them and
their families wilh olhers in Ihe community
Help older peO￿e who are lonely or al risk of isolation lo become active citizens by
connecting them with others in the community
Provide opportunities ￿ resKlents to partiupate in activities through which they can
make acquaintsrKXS across divvJe5. for mulual benefft
Govemance
The Peel (Instilutel a ¢ompany limiled by guarantee and a registered eharty. was formed in
1898. The organisation operates under the company's Arb"des of Association, whbch sets
out the objectives of the Charity, its p(y*ers and rules govemin9 its procedures.
Structure and Management
Members of the Board of DIreCt￿S. who act as Trustees ofthe Charity. and number not less
Ihan four and not more than frfteen, supervise the govemance and management of the
organisalion. Directors who served durin9 the year. or have been subsequently appointed.
are shown on page 1.
Appointment to the Board is by nomination by the members after the needs of the Charity
are considered by the current Director5. The Boar(J of Directors aims lo ensure that the
composition of Directors contains individuals with suilable skills and experience lo contribute
positively to the govemance of the Charity. Trustees are given a thorough induclion
including provision of infc¥m2tion provided by the Charity CommissM)n on the role of a
trustee. TrainirvJ is provided ￿ a personaltsed basis.
The organiSatic￿ has a clear ￿ganisational structure with lines of authority and delegation.
which are regularly reviewed by the Board. The Board is responsib￿ for setting strategies
and policies and for ensuriTh3 that these are implemented by the Chief Executive on behalf
of the Board.
The Board has responsibility for setting remuneration of the CEO and key management
personnel. In doing so it undertakes maTket testing and benchmarking against other simllar
sized organisaltons and Ihose wilh growlh and change ambitions similar lo our own.
The Peel Inslilule Company 3

Trustees. report 31 March 2021
Policy. planning and risk management
The Board is responsible for the management of the risks faced by the organisats'on, for
safeguarding the assets of the charity and for tsking reasonable steps for the prevention
and detection of fraud and other irregularities. The Board review the organisational risk
position, inlemal control assessment and ils compliance with relevant statutory and finance
regulalions. In order to evaluale and manage risk a risk regisler is maintained, which is
monitored and reviewed at each Board meeting. This process idenlrfies the major risks the
organisation faces, Ihe likelihjod of ￿currenCe. the sÉgnificance of the risk and any
miligaling controls that are in place arKI seeks to Klentify any aclions and resources required
to manage these risks further.
The Board has agreed dear lines of authority wtlh staff. The Board is satisfied that systems
are in place to mitigate our exposure lo major risks. both from within the charity and to those
related lo the external environment over which we have no control.
Review of Past Adivities
Objectives and activities
Children and older people living in Clerkenwell are more likely lo be deprived than other
groups and there is a high prevalence of diagnosed mental health conditions such as
depressK)n and anxiety. The Peel works to ehange this and make Clerkenwell a
neighbourhood from which everyone benefits. We do Ihis Ihrough our'5 Pillars- running a
community hub. SLlPPOrting thally led projects, bringing together aclivilies, supporting a
cross sector alliance of local organisations and spreading learning and lessons from this
work lo infiuence decision makers.
Our Social Club provide5 a range of opportunities for alder people lo build and maintain
5UPPOrtive relationships and to irnprove their heath and wellbeing Ihrough a range of
aclivilies i￿luding exercise classes, trips and 0￿ing$.
Our Youth Club supports the leaming and development of young people. connecting them
with skills and resources in the local community through acltvities such as code club. football
5e$5ion5 and dance dasses.
During lockdo1￿, our Youth and Social clubs becaffE remote, running online classes,
providing telephone support and dislribuling aclivty packs.
Our Direct Action Project improves awareness of mentsl health and mental health seFvices
working among parents. young people and professionals working with young people. We
provide engaging workshops. creative projects and sessions at communty events.
The 3 Corners Centre is a community space in the heart of Clerkenwell. We make the space
available lo the local community and to those who wish to provide services lo residents.
During lockdown the space has been used for the distribution of food and essential supplies.
Our c(￿neCting Clerkenwell programme engages with people who live and work in the area
to support them to develop new proje¢ls. During I￿kdOWn this wort continued. supporting
people lo run remote activities such as online baking and singing clubs.
The Peel Instrtute Company 4

Trustses, report 31 March 2021
Achlevements and perforrnance
Community Hub
During lockdown both our youth and social club provided a range of remote services
induding 100 phone calls per week. lo ensure people were gelling the food, medicir)e and
services they needed. 12 remole classes per week including baking, exercise and quizzes.
and delivering hundreds of activity packs per month.
284 different people attended our sctial club for over 55s and 86 drfferent young people
attended our weekly youth sessions including code clubs. cooking clubs and dance classes.
A random sample of 32 rnembets showed that 96% would recommend the service lo their
fn.ends or family. As one participanl said "Il's hard lo find fau￿ with excellence. The slaff in
the peel provrde an exlremely welcoming service. I could not fatjll anyone of them. They
make the Peel a friendly place to go to."
Mental health awareness
341 different children. young people. parents or professionals twk part in one of our menlal
health awareness sessions through 31 workshops. As one partner said "The DAP
Facilitators were very patient. calm and knowledgeable of the subject..
We prodU￿d SO pieces of digital conlenl including blogs. YouTube videos and social media
infographics. We worked with student5 al New River College Pupil Referral Unil and staff at
the Soapbox centre lo create the "Stress on the Brain. music video which has had over
23.000 views on YouTube.
3 Corners Centre
We provided space lo Help on Your Doorslep who provided support and advice the local
community. and Mer-IT who provKle refurbished IT hardware lo those in need. During
lockdown. 3 Comers became 8 base for focNJ dislribulion. delivering over 100 meals per
week to isolated households in Clerkerw4ell.
Conn8Cting Clerkenwell
We supported a number of I(￿llY led projects including.. the EC1 Echo community
newspaper BakeandTake (the baking club Ihal donate their bakes to isolated households).
virtual singing groups to workshops on how to make a herb garden, and many more too.
We supported 20 connectors Ik)cal activists or community worker). to learn from each other
and shaTe opportunibes and resources. and brought l¢)Jether an alliance of 18 Clefkenwell
based organisalions to collaborate on a shared vision for the area and to run a Christmas
hamper, dislribLrting hundreds of hampers to local households.
The Peel Institute Company

Trustees. report 31 March 2021
Supporters and fundraising note
We would like to thank the Octopus nefvk. The CO-OP. the Macquarie F￿Jnd8ti0n. the
Community Lottery Fund. the London Borough of Islington, Islington Clinical Commissioning
Group, and all the other organisations and individuals who have SUPF(Jrted The Peel in
2020121.
The Peel fundr8ises in line wtth the Code of Fundraising Practi￿ in all OLtr fundraising
aclivities. We did n(A receive any Complaints in relation to our fundraising activity.
Volunteers
The support of volunleers enables the Peel to provide a range of services. From the
Trustees to sludenl placements. corporate volunleers and regular project volunteers our
work is sustained by their a5SiStance. In 2020121 we had a regular team of more than 20
volunteers who gave their tirrE and talents in suppxt of our work and a number of corporate
volunteers who were able lo offer one-off project support. This time SUpp(￿led both
operational activities a￿1 the governance of the charity.
Statement on Publ1¢ Benefft
The Tnjslees confirm that they have complied with their duty under the Ch8rilies Act 2011
to have due regard lo the Charity c￿misSIon.S gerEral guidance on public benefit. In
particular our services are aimed al the prevention or relief of poverty. advancement of
health atvj advan¢emenl of citizenship or communty development.
Financial review
The statement of financ￿1 activities shows income for the year of£543.025 {2020'. 506,921)
with expenditure of £445.15912020.. £611.615) leaving a surplus of £97,866 {2020 deficit of
£104.6941 before investments gains of £1,722.245 {2020 kjsses of £889,380)- At the end of
the year we eary fornvard a reserve of £9.310,950 {2020.' £7,490,839), of which £8,737,038
is designated, with the remaining £573.912 being unrestricted general funds.
Invostrnent and reserves
The powers of investment ofthe Board are govemed by the trust deed, which grants powers
lo invest monies of the company not immediately required for ils purposes in or upon such
investments. securib.es or property a5 may be I1￿ught fil. subject to such conditions and
cons8nls as may be imposed or required by law.
The Peel's funds exist for two purposes". to maintain reserves and lo provide an income to
¢over core operating costs.
Reserves
As at 31 March 2021, the Charity had total funds of £9.310.950 12020 - £7.490.8391-
£8,737,038 of funds have been sel aside by the Iruslees in a designated income generation
fund {2020 £7.014.7931. The purpose of this fund is lo generate income to cover core
cper8ting costs. The remaining £573.912 of funds was held in general unrestricted funds
(2020 - £476.076).
The Peel Institute Company

Trustees. report 31 March 2021
Investment and re￿IveS {conlinued}
Reserves (continued)
The appropriate level of reserves of the Charity is reviewed on a regular basis based on
analysis of projected income and costs. The Peel's reserves policy is lo maintain reserves
equal to the ¢051 of 6 months ufftstricled expenditu￿ lo cover working capital. funding
shortfalls and Unexp￿ted expenditure. This poI￿Y would result in 8 largel of £150,000 in
free reserves. The Charity's level of general funds as at 31 March 2021 of £573.912
comfortably meets this target.
The chaTlty's unrestricted funds are all expendable by conversion inlo income, in whole or
in part. al the discretion of the Board. They represent gift5 received and income generated
over a number of years. primarily lo provide an altemab.ve source of income for the charity.
for its general purposes.
Future Plans
We entered the new financial year with the organisation. like the rest of the country. having
to contend with the uncertainties thal the global pandemic would have on us. We are
especially aware of the need for The Peel lo be able lo provide enhanced levels of support
for rts staff and wider community through and beyond the paThJemic. In doing so. we will aim
lo work wilh them lo identrfy the impact of the pandemic on our key largel groups within the
community, so thal emerging it. we will be best placed to assist in addressing the needs
arising.
The Peel also had Ihe critical task eady in the next year to recruit a new CEO and support
them in their review of the aclivities and slructure of the organisation to enable us lo be more
impactful. As mentioned above. we have made the appointment and are providing all
necessary support to maximise his Char￿ ofsuccess aThJ briTrJ about the required renewal
of the organisalion.
We reach the end of another strategic plan eyde in March 2022 and before then, we will
have undertaken Ihe necessary intemal reviews and extemal anafyses lo inform wrstrategy
for the next period.
The Peel Irtstilute Company 7

Trustees. report 31 March 2021
Statement of trustees, responslbllities
The Ifustees (who are also directors of The Peel Institute Company the purposes of
company law} are fesponsible for preparing the trustees. report and financial statements in
accordance ￿th applicable law and United Kingdom Accounting Standards Iuniled
Kingdom Generalty Acceple(l Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year
which give a Irue and fair view of the slate of affairs of the charrtable company and of the
incoming resources and application of resource5. including the income and expenditure, of
the charitable Company for that period. In preparing these financial statements. the Iruslees
are required to:
seleet suitable aeewnting poliaes and then apply them consislenlly:
observe the method5 and prinryples in the Statement of Recommended Practice
{Accounting and Reporting by Charities) (the Charities, SORPI.
make judgements and estimates that are reasonable and prudent:
stale whelher applicable Uniled Kingdom Accounting Standards have been followed.
subject to any material departures dL8dosed and explained in the financial stalemenls.,
and
prepare the financial statements on the going concem basis unless il is inappropriate to
presume that the charitable company will continue in operation.
The truslees are responsible for keeping proper 8ecountir¥J records that disclose with
reasonable accuracy at any lime the finanaal position of the charitable company and enable
them to ensure that the finan￿al statements comply with the Companies Act 2006. They are
also responsible for safeguarding Ihe assets of the charrtable company and henee for taking
reasonable steps for the prevention and deleclion of fraud and other irregularities. Each of
the Injslees confimis that:
so far as the Injslee is aware. there is no relevant audit inforniation of which the
charitable cornpany s audrtor is unaware., and
+ the Iruslee has laken all the steps that helshe ought to have taken as a Iruslee in order
lo make himselflhersetf aware of any relevant audit infomialion and to establish that the
charrtable company's audrtor is aware of that infomiation.
This eonfirmalion is given and shoutd be inlerpreled in accordance with the provisions of
s418 of the Companies Act 2¢)06.
Approved by the tnJslees on 17 December 2021 and signed on their behaW by
Trustee- knnda Gohil
The Peel Institute Company

Independent auditor's report 31 March 2021
Independent audito¢s report to the members of The Peel Institute Company
Opinion
We have audited the financial stslemenls of The Peel Instilute Company (the 'charitsble
company ) for the year ended 31 M8rch 2021 which comprise the statement of financial
activities, the balance sheet. and statement of cash flows. the principal accounting policies
and the notes lo Ihe financial slatemenls. The financial reFuting framework that has been
applied in their prep8ralion is applicable law and Unrted Kingdom Accounting Standards.
including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in
the UK and Republic of I￿land. (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion. the financial statements=
gwe a true and fair view of the slate of the charitabte company's affairs as at 31 March
2021 and of rts income and expenditure for the year thenended;
• have been propedy kyepared in acc(¥da￿e wilh United lfjngdom Generally Accepted
Accounting Praclice: and
• have been prepared in accordance with the requirements of the Companies Ac12006.
Basls for oplnlon
We conducted our audil in acc(ffda￿e wilh Inlemational Slandards on Auditing (UK) {ISAs
(UK)) and applicable law. Our reswnsibilities under those standards are further described
in the auditor's responsibilrties for the audit of the financial statements section of our report.
We are independent of the charitable company in accordan￿ wilh the ethical requirements
that are relevant to our audil of Ihe financial stslements in the UK, including the FRC'S
Ethical Stsndard. and we have fulfilled our. other ethul responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis our opinion.
Conclusions relating to going contern
In auditing the financial statements. we have concluded that the trustees. use of the going
concem basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfcrfmed. we have not identified any material uncertainties
relating to events or conditions that. indivKlually or Collectively. may cast significant doubt
on the charilable company's ability to continue as a goin9 concem for a period of al least
twelve months frorn when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees vthh respect lo going concern are
described in the relevant sections of this report.
The Peel Institute Company 9

Independent auditorfs report 31 March 2021
Other information
The other information comprises the information included in the annual report and financial
slatemenls. other than the financial statements and Ouf auditor's report thereon. The
trustee5 are responsibfe the other infom)ation contained wilhin the annual report and
financial slalemenls. Our opinion on the financial slatemenls does not cover Ihe other
infomiation and. except lo the extent otherwise explicilty slated in our repryt, we do not
express any form of assurance conclusion therean.
Our responsibility is lo read theother informalion and. in doing so. consider whether the other
infomiation is materially inconsistent wlh the financial statements or OUT knowledge
obtained in the course of the audit or otheThvise appears to be materially misstated. If we
idenlrfy such material Inconsiste￿leS or apparent material misstatements. we are required
to determine whether Ihis gives rise to a material misslalemenl in the financial slalemenls
themselves. If. based on the work we have perfomied. we conclude that there is a material
IT11551atement of this other information. we are required to report that fact.
We have nothing lo rerxKt in Ihis regard.
Opinions on other rnatters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
• the informatson given in the trustees. report. which is also the direclors, feport for the
purposes of company law and includes the slrategic report. for the financial year for
which the financial slatefflenls are prepared is consistent wrth the financial slatemenls.,
and
the trustees. report. which is also the directors. report for the purposes of company law
and includes Ihe stralegic repcrt. has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and ils
environment obtained in the course of the audit. we have not Nyenlified material
misslatemenls in the truslees. report. We have nolhing lo report in respect of the following
matters in relation to which the Companie5 Act 2006 requires us to rewrt to you if, in our
opinion=
adequate accounting records have not been kept. or relums adequale for our audit have
not been received from branches not visiled by us.. or
• the financial statements are not in agreement wrth the accounting records and retums..
certain disclosures of trustees, remuneratbon specIf￿d by law are not made.. or
we have not received all the infomiation and explanalions we require for our audit- or
the Iruslees were not entriled lo prepare the financial statements in accordance with Ihe
small companies regime and lake advantage of the small companies, exemptions in
preparing the trustees. re￿rt and from the requirement to wepare a slralegic report.
The Peel Institute Company 10

Inde￿ndent auditof s report 31 March 2021
Responsibilities of trustees
As explained more fully in Ihe trustees, responsibilities stalement, the trustees {who arg also
the directors of the charilable company for the purposes of company lawl are responsible
the preparation of the financial statements and for being sats"sfied that they give a tnje
and fair view. and for such internal control as the Iruslees determine is necessary lo enable
the preparation of financial statemenis that are free from material misstatement. whether
due to fraud or error.
In preparing the financial stslemenls, the trustees are responsible for assessing the
charitable company's ability to continue as a going concern. disclosing. as applicable,
matters related to going concem and using the going concem basis of accounting unles5
the trustees either intend to liquidale the ¢haritsble company or to cease operations, or have
Th) realistic altemalwe but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are lo oblain reasonable assurance about whelher the financial statements
as a whole are free from material misstatement, whether due to fraud or error. and to issue
an auditorfs reP￿t that includes our opinion. Reasonable assurance is a high level of
assurance, bul is not a guarantee that an audit corKJu¢led in accordance with ISAS IUKI will
always delecl a malerial misstatement when il exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably
be expected lo infiuence the economic deasions of users taken on the basis of these
finanryalstatements.
Irregularities. including fraud. are insL7nces of non-eompliance %Mth laws and regulatTons.
We design procedures in line with our responsibilities, outlined atr￿ve. to detect material
misstalemenls in respect of I￿egular1ties, including fraud. The extent to which our
ocedures are capable of detecting irregularities. including fraud is detailed below..
Our approach to identfying and assessing the risks of materi81 misstatement in respect of
egularities. induding fraud and nw-wmplian¢e wth laws and regulations. was as follows..
the engagement partner ensured that the engagement team collectively had the
appropriate competence. capabilities and skills to identify or recognise non-compliance
with applicable laws and regulations-
• we idenlffied the laws and regulations appl￿ble lo Ihe charitable company through
discussions with management. and from our commercial knowledge and experience of
the sector.
the idenlrfied laws and regtjlations were communicated within the audit team regularly
and the team remained alert to instances of non-compliance throughout the 8udrt'.
• We focused on Specffj￿ laws and regulations whth we considered may have a direct
material effect on the accounts or the activities of the charity- These included but were
not limited lo the Charities Acl 2011. the Companies Act 2006 and the Financial
Reporting Standard applicable in the United Kingdorn and Republic of Ireland (Charities
SORP FRS 102) issued on 16 July 2014. the Finanual Reporting Standard applicable
in the UK arKI Republic of Irdand IFRS 102}'. and
The Peel Inslilule Company 11

Independent auditor's report 31 March 2021
Auditorfs responsibilities for the audit of Ihe financial statements (continued)
we assessed the exlenl of compliance with Ihe laws and regulations identified above
through making enquiries of management. inspecting legal Correspondence and
reviewng trustee meeting minutes.
We assessed the susceptibilty of the company's financial statements to material
mi55tstement, including obtaining an understanding of how fraud rn￿h1 occur. by..
making e￿ulneS of management and Ihose charged with govemance as lo where they
considered there wa5 susceptitrflity to fraud. their knowledge of actual. suspected and
alleged fraud.. and
COf75idering the internal controls in pla¢e to mitigate risks of fraud and n0n-c0mpliar￿e
with laws and regulations.
To address the risk of fraud through management bias and override of controls we=
performed analylical F￿ccedureS to idenlty any unusu81 or unexpected relationships.,
• tested journal entries lo identify unusual transactiorE:
• tested the authorisatw of expenditure as part of our substantive lesling Ihereon..
assessed whether judgements and assumptions made in determining the accounting
estimates set out in the accounting policies were indicative of potential bias., and
used data analytics to identfy any signtficant (* unusual transactions and identify the
rationale for them.
In response lo the risk of irregulartties arKI non-¢orylIan￿ wilh laws aThJ regulations. we
designed procedures wthich included, bul were Th)t limited lo..
agreeing finanual statement disclosures to undertying supporting documentation-
reading the minutes of trustee meetings;
enquiring of management and those charged with govemance as to actual and potential
litigation and claims- and
revIe￿ng any available correspondence wth HMRC and the Charity Commission.
There are inherent limtlalions in (Mjr audit Prc￿tureS described above. The more removed
that laws and regulations are from financial Iransaclions. the less likely rt is that we would
become aware of non-compliance. Auditing standards also limit the audit procedures
required lo identify non-compliance with laws and regulations lo enquiry of the trustees and
other management and the inspection of regu18tory and leg81 correspondence. rf any.
Material misstatements that arise due to fraud can be harder to detect than those that arise
from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's
website al WVdW.Irc.org.ukJauditorsresponsibilrties. This descriptson forms part of our
auditorfs report.
The Peel Institute Company 12

Independent auditotrs report 31 March 2021
Use of our report
This report is made solety to the charrtable compan￿$ members. as a body, in accordance
with Chapter 3 of Part 16 of the Companies Act 2CN)6. Our audit wc¥1( has been undertaken
so that we might state lo the eharilable companVs members those matters we are required
to slate to them in an auditorfs report and for no other purpose. To the fullest extent permitted
by law. we do not accept ￿ assume responsibility to anyone other Ihan the charitable
Company and the charitsble company's mernbers as 2 body, for our aLKlit work. for this
re￿)rt. or for Ihe opinions we have f(ffiied.
Hugh Swainson (Senior Slalutory Audit(￿)
For and on behalf ol Buzzacott LLP, Slaluw Auditor
130 Wood Street
London
EC2V 6DL
Date.. 2011212021
The Peel Institute Company 13

Statement of financial activities Year lo 31 March 2021
(incorporating the income and expendifvre account)
UnrèstrTrcted Restrictèd
fvnds
fund$
TOL
2021
Tolal
2020
No*s
Income from-
Donations and legacies
Investment5
Charitable activibes
Othef
Total income
26.606
247,997
5.279
43.014
322,896
26,606
247.997
225,408
43.014
543,025
24,678
234,697
247.546
220.129
220.129
506,921
Exp•ndlture on:
Raising funds
7.709
7,709
23,802
Charitable activthes
Day Gentre
Youlh dub
. Child car8
. Dired acti{￿ project
. Community developmenl
Totsl expenditur•
20,287
32,51J)
21,393
52,787
23,437
11,365
75,1 $6
274.705
445,159
113,626
27.817
19,235
92,322
334.813
611,615
11.365
10.156
171,424
222.985
6s.r
103.281
222.174
Net income lexpendSlur•l
beforè galns {Iossèg} on
investments
99.911
12.045)
97,866
1104.6941
Net galns (losses) on
Investments
1.722,245
1.722.245
1889.3801
Transfers ￿tr￿a•n fund$
12.0451
2.045
Net income (expenditure) and
n¢1 movement in fund$
1.820.111
1,820.111
1994.0741
R•coneiliation of fund-
Totsi fund5 brought fonyard at
1 April 2020
10. 11
7.490.839
7.49Q.839
8,484,913
Total fund$ carrled lor*¥ard as
at 31 March 2021
10. 11
9.310.950
9,310,950
7,490,839
All activities ol the charity are derived from conlinuing operations during the above tsvo financial
years.
All recognised gains and losses are included in the statement of financial activities.
The Peel Inslilute Company 14

Balance sheet 31 March 2021
2021
2021
2020
2020
Notes
Fixèd assets
Tangible assets
Investments
7.325
9,206,732
9,214,057
7,276
7,109,487
7,116,763
Current assets
Debtors
Cash at bank and in hand
12.707
187.434
21X+.141
6.011
500,394
506,405
Liabllities
C￿ditorS.. aft￿niS falling due wih
one year
N•t cuirent a$s¢ts
{103,2481
1132,329
96.893
374.076
Total net assets
9,310.950
7.490.839
R•pr•sented by:
The funds of the ¢harity
Restricted funds
Unrestricted funds
. GÈnèral funds
. Designaied lunds
10
573.912
10 8.737.038
476,046
7.014,793
Total funds
9.310.950
7,490.839
Approved by Ihe Iruslees
and signed on their beha5f by..
Trustee- kninda Gohil
Approved on".
171h December, 2021.
The Peel Institute Company 15

Statement of cash flows Year to 31 March 2021
2021
2020
Noles
Cash flows from operating activitles:
Net cash used in operakn"NJ ath"vilies
1182.436}
1284.785)
Cash fl4)ws from inwesting activili•s:
Dividends. interests and ￿nts fwm investrnenls
Purchase of inveslmeAts
Pro¢eeds from sale of invesbmenls
Investmènt charges
Purchase of prc4)erty. plant and equipTh*nl
Net cash used In investing aclivttiès
247,997
(382,520}
6217
18,3831
13.521
{140,2101
234.697
1100,000)
18.1301
126,567
Change In cash cash equivalents in the year
{322,6461
1158,2181
Cash and ush equwalents al 1 April 2020
Cash and eash equivalents at 31 March 2021
510,080
187,434
668,298
510,080
Notes to the statement of cash flows for the year to 31 March 2021.
A Reconcilialion of net income (gxpgnditure) to not cash flow used in operating
activitles
2021
2020
Net income lexpenditurel (as the statÈment of financlal acti¥ili•s)
Adjustniènts for:
Depreryal￿n
(Gains) losses on inveslments
Dividends, interests and rent from inveslments
Ilncreasel in debiors
(Decreaseyincrease in creditors
Nel cash used in 0￿rating activili•s
1.820,111
1994.0741
3,472
1,974
11,722.2451
889,380
1247,9971 1234.6971
16,6961
2,947
129,0811
70.212
11B2,4361 1264,2581
B Analysis of cash and cash equivalents and movement in net debt
2020 Cash flows
2021
Notice de￿￿1t (less than 3 M￿lh$)
Treasury deposit
Total eash and cash equivalents and net debt
100.394
87.040
400.IM)0 1400.0001
510.080 1312.9601
187.434
187,434
The Peel Institute Company 16

Principal accounting policies 31 March 2021
The principal accounting policies adopted. judgements and key sources of estimation
uncertainty in the preparation of the financial statements are laid out below.
Basis of preparation
The Peel Institute 15 a company limited by guarantee not having a shared capital registered
in the United Kingdom. The ad(Jress ofthe registered is gNen in the charity infwmation
on page 1 of these finanual statements. The nature of the charl￿S operations and principal
acb"vilies are set on page 3.
The Peel Institute meets the definition of a public benefit entity under FRS 102.
The financial st8temenls have been prepared in accordance with Accounting and Reporting
by Charities= Statement of Recommended Practice applicable lo charities preparing their
accounts in a￿OrdanCe wilh the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102} Charilies SORP IFRS 1021 effective 1 January 2015, the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and
the Companies Act 2006
The financial 5ts1ements are prepared on a going concem basis under Ihe historical cost
convention. or transaction value unless otherwse staled in the relevant accounting policy
note(s}.
The financial statements are prepared in sterting which is the fvnctional currenry of the
charity.
The signffjcant accounting polic￿$ applied in the preparation of these financial statements
are set out below. These F(•licies have teen consistently applied to all years presented
unless olhenvise slated.
Critical accounting estimates and areas of judgement
Preparation of the aeeounls requires the trustees to make judgements and estimates. The
item in the financial statements where these judgements and esb"males have been made
indude:
the useful econcxnic lives attributed lo tsngible fixed assets to delemiine the annual
depreciation.
In addition to the alx)ve. the full impact folltY•¥ing the global coronavirus pandemic is still
unknown. It is therefore not currently p955ible to evaluate all the potential implications for
the charity's actrvities. beneficiaries. funders. suppliers and the WKter economy.
As sel out in the going concem accounting wlicy, Ihe Iwslees have considered the impact
of the pandernic on the charity and have concluded that although there May be some
negative consequences. it 15 appropriale for the charity to conlinue lo prepare ils accounts
on the going concem basis.
The Peel Institute Company 17

PrlncSpal accounting polici85 31 March 2021
Golng Concem
The financial statements have been prepared on a going concem basis as the Iruslees
believe that no matefial uncertainties exist. The trustees have considered the level of funds
held and the expected level of ir￿e and expendilure for 12 months from aulhorising these
nancial statements. The budgeted income and expenditure is sufficient with the level of
reseNes for the charty to be able to continue as a going concern. In making this decision.
the Iruslees have taken into consideralion the risks and uncertainlies ansing from the
Coronavirus pandemic.
Income recognition
All income is included in the Slalemenl of Financial Aetivities ISOFAI when the charily is
legally enlilled lo the income after any performance conditions have been mel, the amount
can be measured reliably and il is probable thal the income will be received. The income
repfesenls the total income receivable during the year comprising grants, donations and
gifts. members, subsuiptions and operating income.
For dOnat￿S to be recogni%ed the charity will have been notified of the amounts and the
settlement dale in writtng. If there are conditM)ns attached lo the donation and this requires
a level of perfoTmance before enlitlemenl can be obtained. then income is deferred until
those conditions are fully mel or the fuKilment of those conditions is wilhin the control of Ihe
charity and il is probable that they will be fulfilled.
No amount is induded in the financial statements for volunleer time in line wtlh the SORP
{FRS 102).
Income from grants are recognised in fvll in Ihe SOFA in the year in which the charity has
entitlement to the funds, any perfonnance condrtions attached lo the grants have been met,
it is probable thal the income will be received and the amount can be measured reliably..If
entitlement is not met. then these aThJunts are deferred.
Income from trading activities and members, subscriptions is recewed in exchange for
supplying servitss in order to raise funds and is recTrJnised when enlillemenl has occurred.
any performance conditions have been met and the amount can be measured reliably
Income received in advance for specffied contractual services is deferred until the
perfcmnce condition for re¢ognition are met.
Investment income indudes interest on fv￿lS held on deposit is included when receivable
and the amount can be measured reliably by the charty" this nomially upon notification of
the interest paid or payable by the Bank.
Fund accounting
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They
are available for use al the discretion of the Trustees in furtheran￿ of the general charitable
objectives.
The Peel Institute Company 18

Principal accounting pollcles 31 March 2021
Fund accounting {eonlinued)
Designated funds are unrestricted fuThJs of the charily which the trustees have decrded al
their discretion to set a￿de to use for specific purposes. The aim and use ofeach designated
fund is sel out in the notes to Ihe financial statements.
Restricted funds are funds thal can only be used for particular reStr￿ted purposes within the
objects of the chanty. Restrictions arise when specified by the donor or when funds are
raised for particular restricted purposes. The cost of raising and administering such funds
are charged against the specffic fund. The aim and use of each restricted fund is sel out in
the notes lo the financial slalemenls.
Expenditure recognition and irrKovgrable VAT
Expenditure is accounted for on an accrual basis once there is a legal or tonslructive
obligation to make a payment to a third paty. (( is probable that settlement will be required
and the amount of the O￿lgab"on can be measured reliably.
Expenditure is dassffied under the followng activty headings..
Costs of raising furnls.. ￿MpriSe the costs of advertising. professional fees and the
specific staff cosl
Expendtture on charitable activities.. inctudes ¢05ts ts..
Day Centre providing adutt education dasses. health and wellbeing actNilies for the
over 55s
Youth Club induding youth employment projects
Child Care and after schcKII aclivil*s
Direct Action prowding mental he8tth awareness projeels
Community Development providing capacity building for small community groups
All activitie5 under this category are undertaken to further the purposes of the charity and
their associated support costs. Irrewverable VAT is charged as a cost against the activity
fof which the expenditure was incurred.
Allocalion of support costs
Support C051s are those Ih8t assist the work of the charity programmes and aclivilies bul do
not direclly undertake charitable activities and include premises and office cost5. finance.
personnel. professional fees and governance costs.
These costs have been allocated between expenditure on raising funds and expenditure on
charrtable activities on the basis of staff lime and area of usage each project ulilises within
the Peel.
The anatysis of these costs is ncluded in note 6.
The Peel Institute Company 19

Principal accounting poli¢ies 31 March 2021
Tangible fixed assets
Individual items of equipment are capitalised at costwhere the purchase price exceeds £250
and the asset have an expected useful lrfe exceeding one year. The tangible fixed a55els
are depreciated over their estimated useful econom￿ lives on a straight line basis.
Depreciation costs are allocated to acbvities based ijn space utilisation.
Depreciations are catulaled to write off the c(Ist of r￿ed assets over their estimated useful
lives usiTrJ the following rates:
Fixtures and fitknngs
33 1/J % pa straight line and 20% on reducing balance
Motor vehicles
33 1/* OA pa straight line
Investmenls
Investments are recogni5ed initialty at fair value which is normally the transaction price
excluding transaction costs. Sub5equenlly. they are measured al fair value with changes
recognised in 'net gains I Ilossesl on inveslments. in the SOFA
Debtors
Trade and olher debtors are recognise(l at the settlement amount due after any trade
discount offered. Prepayments are valued at amount prepaid net of any Irade discounts
due.
Debtors receivable within one year are recorded at transac￿ price. Any losses arising
from impairment are recognised in expendilure.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and shcrt lerni highly liquid investments with
shcrt maturity of Ihree months or less from the dale of acquisition or opening of the deposit
or similar account.
Creditors and provisions
Creditors and provisions are recognised when the charity has a present obligation resulting
from a past evenl that will probabty result in the transfer of fvnds to a third party and the
amount due to setde the obligation can be measured or estimated reliably. Creditors and
provi&ons are nom)alty recognised at ther settlement amount after allowing for any trade
discounts due. Creditors receivable within one year are recorded at transaction price
Leases
Rentals payable and receivable under operating leases are charged lo the SOFA on a
slraohl line basis over the period of the lease.
The Peel Institute Company 20

Principal accounting policies 31 March 2021
Penslon
The chanty operates a defined contribution rAan for the benefit of ils employees. conlribuling
3% of employees salary. contribub.ons are expensed as they become payable. All
contrityjlions come from unrestricted funds.
Tax
The charity is an exempl charity within the meaning of schedule 3 of the Charities Act 2011
and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010
and therefore il meets the definition of a charitable company for UK corporalton tax
purposes.
Flnancial instruments
The charity only holds basic financial instruments as defined in FRS 102. The financial
assets and financial liatmlities of Ihe charity and their measurement basts are as follows..
Financ￿1 assets - trade debtors and accrued income are basic financial instruments and
are debt inslrumenls measured al amortised Cost as detailed in note 8. Prepayments are
noi finanaal instruments.
Cash at bank- is classified as a basic financial instrument and is me8sured at face value.
Finan￿81 liatslities- trade creditors. accJu8ls and other c*editors are financial inslrumenls.
and are measured at amortised cost as detailed in note 9. Tax8tion and soci81 security are
not induded in the financkql instruments discbsure definition.
The Peel Institute Company 21

Notes to the financial statefflents Year to 31 March 2020
Income from investrnents and charitable activities
Income includes the following..
Total
lunds un￿striCted Restricted
2021
nds
funds
Total
(unds
2020
Unrestricted Restri¢ted
lunds
fvnds
Charitable
¥ctivities
Grants
Catering
Cornmunty letting
Pitch income
(Aher
220.129
220,129
144.210
144,210
5.512
37,019
58,148
2,657
247.546
5.512
37,019
58.148
2.657
103.336
1,726
3,203
1.726
3,203
43.364
268.422
48.293
220.129
144.210
Invèstmènts
In¢ome from
q￿>t$
investments
247.997
247,997
234.697
234.697
Operatlng result for the year
Total
funds
2021
Total
funds
2020
The operab.ng surplus is ststed after charging:
Depreriation
Audit fee
Operating lease rentsts
3.472
5.950
48,750
1.974
7,100
65,000
Analysis of employee number, staff remuneration and cost of key management
personnel
Total
funds
2021
Total
funds
2020
Staff costs were as fdkw5'.
Wages and salaries
Soryal Security costs
Pension costs
Seconde(18nd teM￿￿ry stsff
223,898
17,049
5,349
200,097
15,707.
5,038
540
221.382
247,136
The average number of employees of the Peel Instttute included part lime staff during the
year was 1112020.. 8).
The number of employees who receNed remuneratson Th)re than £60,000 in the year was
1 {2020'.1 } {belween £60,000 and £70.000}.
The Peel Inslilule Company 22

Notes to the financial statemen1$ Year lo 31 March 2020
Analysis of employee number. staff remuneration and cost of key managemenl
personnel {continuedl
The key management personnel of The Peel cornpri5es the trustee5 & the Chief Executive
Officer and the Finar)ce Manager. The total ernployee benefits of the key management
personnel (including employerfs national insurance ar¢d employer's pension contributions)
of the Peel were £109.02312020.. £109,127).
Disclosure of Irustees. remuneration. benefrts and expenses
Nort of the charity trustees were paKI or have recerved any other benefits from employment
or expense reimbursement from The Peel Institute in Ihe year12020.' nil) neither have they
received payment for professional or other services supplied to Ihe charity12020- nill.
Analysis of total expenditure
Total
2021
Slaff costs
Other O•pr•clatlon
Ralslng funds
Fundraising and puFAiity
7.709
7,709
Charitabl• *Xp￿dI1￿r•
Day ¢enlre
Youth dub
Chil¢J care
Dirèct prop
Community devdopment
28.352
11.365
11.365
23.979
11.778
456
295
52.787
23.437
11,365
75,156
274,706
445,159
74,261
76.825
194.551
895
1.826
3,472
196.055
247.136
Tot
2020
Slaff costs
Olher Depreciat
Raising funds
Fundraising andpubfvcity
540
23,262
23,802
Charilable expenditu
Day cenl
Youth dub
Child care
OireclAchOn PfDiÈCt
Community developmonl
58.583
21.423
19.078
24.878
96.880
221.382
54.758
6.376
156
66.961
236, 746
388,259
285
18
113,626
27.817
19,235
92.322
334,813
611,615
483
1, 187
7,974
The Peel Institute Company 23

Notes to the financlal statements Year to 31 March 2020
Analysis of total expenditure (continued)
The Govemance cost charged lo the Charitable activities were as follows".
Total
funds
2021
Totsl
funds
2020
Apportionment of salaries and ￿nSIOn
Legal and professTronal fees
Auditorfs remuneration
Bank charges and investrnent m8nagefTEnt fee5
20,260
5,950
24
26,834
14,913
7.100
875
22,888
Anatys45 of sUPPOrt costs
Total
Support
Costs
2021
O¥èrhèad5
2021
Profess*Jnal fees
Rèpairs & Maintenance
Office Costs
Insurance
20.260
8,665
70.893
3,046
20.260
8.665
70,893
3.046
Totsl
102,864
102.864
Total
Support
Costs
2020
(knrtjeads
2020
Professthal fees
Repairs & PAatinlenance
Office Costs
Insurancè
14,912
4,788
80,414
3.003
14,912
4.788
80,414
3,003
Total
103,1IT
103,117
The Peel Institute Company 24

Note5 to the financial statements Year to 31 March 2020
Tangible fixed assets
Fixtu￿ and
Fittings
Motor
vehicle
Total
C(>st
At l April 2020
Additions
Al 31 March 2021
13.124
3,S21
16.645
18,000
31,124
3,521
34.645
18,000
DeP￿clation
At 1 April 2020
Charge fr)r the period
At 31 Marth 2021
5,848
3.472
9.320
18,000
23,848
3.472
27,320
18,000
Net book values
At 31 Marth 2020
At 31 Maich 2021
7,276
7,325
7.276
7,325
The net book value at 31 March 2021 represents fixed assets used for direct charitable
purposes.
7 Investments
2021
2020
Listed inveslfflents
Market value al 1 April 2020
Additions at ¢xJst
Net investment Ik)sses} gains
Market value at 31 March 2021
7.109.487
375,000
1.722,245
9.206,732
7,898.867
100,000
1889.3801
7,109,487
Cost of listed inveslments
8,496.831
8,120,633
All listed investments were deali with on a recognised st(Kk exchange. Listed investments
held at 31 March 2021 comprised the following:
31 March
2021
31 March
2020
Fixed interest
Multi-as$81 funds
Cash
377.008
8.$80.137
249,587
9,206,732
514,328
6.$85,473
9.686
7.109.487
The Peel Instrtule Company 25

Noles to the financial statemenls ye￿ to 31 March 2020
7 Investments Icontinuedl
At 31 March 2021, listed investments included the follo￿n9 individual holdings deemed
material when compared the overall portfolio as of that dale.
2021 market
2021
valuè of Père•ntag•
holdlng of portfolio
Rathbone Unit Trust Mgmt- Core Inv Fund for Chariiie5
Schroder Charity Multi Asset Fund
4,801,636
4.303.020
52.15%
46.74•h
8 Deblors
2021
2020
Trade debtors
Prepayment5 and ac¥rued irrnme
11.500
1,207
12.707
6.011
6.011
Creditors: amounts falling due wlthin one year
2021
2020
Trade Credito
Accruals
Other taxes and sxial security
Other creditor5
2.123
116.434
4.623
9,149
132.329
84,583
5.045
13,572
103.248
The Peel Institute Company 26

Noles to the financial statements Year lo 31 March 2020
10
Unrestricted funds
At
31 Pllarch
2021
At 1 Awll
2020 Incomè
ExpeThJiture
and losses
Translgrs
oL￿1n
Designated Funds
. Incomè general*)n fund111
Gèneral Fund5131
7.014,793
1.722.245
476,046
322.896
7.490,839 2.045.141
8.737.038
573,912
9,310,950
1222,9851
{222.9851
12,0451
12.0451
Al
31 March
2020
Ae i Apn7
2019
Expenditu
8nd lossès
Incon
Transfe
Prioryearcompaiison
Deswnated Funds
. Income 9trnetst￿ fund (l)
. Development rul￿ (2J
Generdl Funds (3)
7,833,867
115.￿0
476,046
8,484,913
f889,380J
(104,694J
362,711
(362,711)
362.711 (1,356,785J
70,306
(70.306)
7,014,793
476,046
7,490,839
(11 The ir£ome generation fund has been set up lo generate ir￿Orne lo cover core
operating costs.
(21 The development fund was set up to cover the costs of developing new services over
2019120.
{31 Gener81 funds have been set up to cover six nK)nths of expenditure and the c05t of
developing new services in the future.
The Peel Institute Company 27

Notes lo the financlal $tslements Year to 31 March 2020
11
Restricted funds
At
Expenditure 31 ￿arch
Income and Iransfers
2021
At 1 Aprl
2020
Day centre
Direct action project
Comfflunity develotxnent
32,500
65.000
122.629
220.129
132,500)
165.0001
1122.6291
1220,1291
Al
31 Ma￿h
2020
At i Ap171
2019
Income Expendtturè
Day centr&
DI￿GI action pnyect
Community development
22.500
65,000
56.710
144,210
(22.500)
(65,OOOJ
(56.710)
(144,210J
Day ¢entre- For a project supporting older people at risk of isolalion or loneliness to fflake
connections and become active citizens.
Youth club- For a project connectiThJ children INing in poverty and their families wjth
others in the community to improve their life changes.
Direel 8clion proieet - For mental heath awa￿TreSS improving the understanding of mental
health and menlal heatth services amongsl young people and parents.
Community development - For a project to support people living in CleTkenwell to run their
own social action aclNities.
12 Analysis of net assets between fund$
Restiicted Unrestricted
Total
2021
Ftrxed assets
Investments
Net ¢urreni assets
7,325
9,206,731
96,893
9.310,950
7.325
9,206.731
96.893
9,310.950
RestriGted Unrgstiided
Total
2020
Fixed assets
Investments
Nél current assets
7,276
7. 109,487
374.076
7,490,839
7.276
7, 109,487
374,OT6
7,490,839
The Peel Irtslilute Company 28

Notes to the financial ststernents Year to 31 March 2020
13 Operating lease c¢knrnitments
Al 31 March 2021 the total ofthe chaws future minimum payments under non-cancellable
operating leases was £nil=
2021
2020
Operating leases whiGh expirè..
Within 1 year
Two lo five years
14 Related party transactions
During the year. The Peel made payffEnls tolalling £nil to C(Nnmunity Links Trust Limited
12020.. £12.0201. an incorwrated chafity where the Chair of Truslees. ts the Chief Executive.
The payments are for services which are transaction conducted durin9 the r#)rmal course
of business for both entilies.
The charity is not aware of any further related paty Iransaclions taking place during the year
which requires disdosure under the section 33 of FRS102 (2020.. nil).
15 Corporation tax
The charity is exempt from tax on incA)me and gains falling withrn section 505 of the Taxes
Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent Ihat
these are applied to its charrtable obiects.
16 Financial instrnments
2021
2020
Financial assets
Financral asset at arTrJrtis•Y o)sl
Financ*1 th'abilit￿ at amortised cost
9.394.164
11.500
{47}
7,486.951
6,011
12.123)
The Peel Institute Company 29