REGISTERED COMPANY NUMBER: 03345230 (England and Wales) REGISTERED CHARITY NUMBER: 1068393
Report of the Trustees and Audited Financial Statements for the Year Ended 31 December 2025
for
Peacehaven House (A Company Limited by Guarantee)
Advance Audit Limited Statutory Auditor 71/73 Hoghton Street Southport Merseyside PR9 0PR
Peacehaven House
Contents of the Financial Statements for the Year Ended 31 December 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 4 |
| Report of the Independent Auditors | 5 to 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Cash Flow Statement | 10 |
| Notes to the Cash Flow Statement | 11 |
| Notes to the Financial Statements | 12 to 20 |
| Detailed Statement of Financial Activities | 21 to 22 |
Peacehaven House
Reference and Administrative Details for the Year Ended 31 December 2025
TRUSTEES R I Foulkes A P Shandley (Chairman) D A T Wood (resigned 31.7.25) C K Caton (Treasurer) L O'Malley J Sutton C A Rodwell (resigned 31.12.25) T Coventry M R Vandermeer (appointed 28.5.25) K Silver (appointed 28.5.25) REGISTERED OFFICE 101 Roe Lane Southport Merseyside PR9 7PD REGISTERED COMPANY 03345230 (England and Wales) NUMBER REGISTERED CHARITY 1068393 NUMBER AUDITORS Advance Audit Limited Statutory Auditor 71/73 Hoghton Street Southport Merseyside PR9 0PR
Page 1
Peacehaven House
Report of the Trustees for the Year Ended 31 December 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities
The objectives of the Charitable Company are to relieve elderly or indigent persons in the Southport area regardless of sex or religious belief through the purchase of lease, furnishing, equipping and maintenance, of a home or homes and to carry out such charitable activities as the Trustees may determine. It is the Charity's practice to open the facilities of the home to a growing number of charitable organisations in the area.
Public benefit
In setting the objectives and planning activities, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit. The trustees have examined the major strategic and operational risks which the charity faces and confirm that systems have been established to mitigate risks.
ACHIEVEMENTS AND PERFORMANCE Charitable activities
The year 2025 delivered a steady performance for the charity, in stark contrast to the difficult first half of the decade.
We maintained a high percentage occupancy throughout 2025 and managed to complete the refurbishment work that had been ongoing for some time.
This program of refurbishment has delivered a high standard of modern rooms, upgraded fire safety systems, and sophisticated monitoring technology.
Throughout the year we were able to maintain a bespoke programme of social activities and outings for residents, these days are individually tailored to their requests, and are highly valued by the residents.
As I have said many times, one of the remarkable things about Peacehaven is the dedication and loyalty of our staff, which creates the very unique and friendly atmosphere of the home.
I feel this is not only a testament to the dedication and commitment of our staff, but it is also the key reason why Peacehaven feels like such a genuine and personal home for our residents, and a nice place to work.
The governance and operation of Peacehaven is a team effort, not just by the staff, but also by the management team and the board of trustees, I thank all of them for their hard work, especially Lynne Nuttall and her deputies Charlotte & John.
Thanks to the dedication and diligence of our Treasurer, Charles Caton, annual financial results to the year end came in just ahead of target.
Page 2
Peacehaven House
Report of the Trustees for the Year Ended 31 December 2025
FINANCIAL REVIEW
Financial position
Peacehaven delivered a surplus on operations of £35,498 (2024: £40,935). Fee income increased as a result of higher room utilisation compared to previous years, combined with an increase in accommodation rates. The continued opening of rooms for short-term respite care has proved to be a significant driver of permanent residency, with a number of residents choosing to remain following their initial short stay.
The organisation has faced substantial cost increases which are not expected to reduce going forward. Insurance costs rose by over 17% on the prior year, reflecting the challenging market conditions for this type of business, with a number of insurers declining to quote. Employment costs also increased materially, driven by changes in government legislation regarding employer National Insurance contributions, as well as the recruitment of additional staff to maintain the high levels of care and support provided to residents.
Further investment was made in the digitalisation of medical and financial systems, resulting in additional annual expenditure on licences, maintenance contracts and equipment.
Investment in the physical structure of the property continued during 2025, with the completion of the refurbishment of the Derwent rooms to create additional bedroom accommodation. The Trustees remain committed to ensuring the house meets current health and safety standards and that the environment residents call home is well maintained.
The revaluation of investments resulted in a capital appreciation of £46,758 (2024: £45,793).
The Trustees have reviewed the carrying value of land and buildings and concluded that no further revaluation to current market value is required.
The Trustees are pleased with the outcome for the year. The charity remains in a strong financial position, supported by a healthy balance sheet and a dedicated management team delivering excellent care for both residents and staff.
FUTURE PLANS
The Trustees have reviewed their business plan for the charity and will continue with expenditure on the fabric of the home and in ensuring its staff are fully trained to deliver a care home.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Policies
Policies and organisational structure of the charity are determined by the trustees who delegate powers of day-to-day operations to Lynne Nuttall, the Registered Manager. To assist in achieving the objectives of Peacehaven House, qualified personnel are employed, including managers, care workers and administrative staff. The charity relies on the voluntary help of the Trustees for the control and reporting requirements of the charity. Sufficient policies and set procedures and implemented to ensure effective control of the charity. During the year we have used the services of QCS to provide ongoing updates in all areas of legislation relative to our policies and procedures.
Recruitment and appointment of new trustees
Trustees are each allocated to a sub committee, where they have a role in overseeing the management and activities of the home. Any Trustee vacancy is filled by searching for a person best equipped to fill that vacancy in terms of the skills required to complement the Trustee team. Confirmation of appointment, after induction training, is by approval of existing Trustees.
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Peacehaven House
Report of the Trustees for the Year Ended 31 December 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Trustees have been reminded during the year of their responsibilities to review the risk elements of the business and to act to minimise those risks. A paper listing perceived risks and estimated levels of frequency and impact together with adopted methods of managing those risks was issued to the trustees as a catalyst to our ongoing review.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Peacehaven House for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 30 June 2026 and signed on its behalf by:
A P Shandley - Trustee
Page 4
Report of the Independent Auditors to the Members of Peacehaven House
Opinion
We have audited the financial statements of Peacehaven House (the 'charitable company') for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 December 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 5
Report of the Independent Auditors to the Members of Peacehaven House
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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Enquiry of management and those charged with governance around actual and potential litigation and claims;
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Enquiry of entity staff in compliance functions to identify any instances of non-compliance with laws and regulations;
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Reviewing minutes of meetings of those charged with governance;
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Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
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Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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Report of the Independent Auditors to the Members of Peacehaven House
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Jennifer Tobin FCCA (Senior Statutory Auditor) for and on behalf of Advance Audit Limited Statutory Auditor 71/73 Hoghton Street Southport Merseyside PR9 0PR
Date: .............................................
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Peacehaven House
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2025
| Notes INCOME AND ENDOWMENTS FROM Charitable activities 3 Activities undertaken directly Investment income 2 Total EXPENDITURE ON Charitable activities 4 Activities undertaken directly NET INCOME / (EXPENDITURE) BEFORE GAINS OR LOSSES Net gains on investments NET INCOME Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 2,395,959 21,466 2,417,425 2,381,927 35,498 46,758 82,256 - 82,256 2,853,995 2,936,251 |
Restricted fund £ - - - - - - - - - - - |
2025 Total funds £ 2,395,959 21,466 2,417,425 2,381,927 35,498 46,758 82,256 - 82,256 2,853,995 2,936,251 |
2024 Total funds £ 2,186,653 18,454 2,205,107 2,164,172 40,935 45,793 86,728 585,000 671,728 2,182,267 2,853,995 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 8
Peacehaven House
Balance Sheet 31 December 2025
| Notes FIXED ASSETS Tangible assets 10 Investments 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS |
2025 £ 2,038,476 637,524 2,676,000 123,398 292,137 415,535 (155,284) 260,251 2,936,251 2,936,251 2,936,251 2,936,251 |
2024 £ 2,038,476 578,267 2,616,743 91,418 287,522 378,940 (141,688) 237,252 2,853,995 2,853,995 2,853,995 2,853,995 |
|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2026 and were signed on its behalf by:
C K Caton - Trustee
A P Shandley - Trustee
The notes form part of these financial statements
Page 9
Peacehaven House
Cash Flow Statement for the Year Ended 31 December 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of fixed asset investments Sale of fixed asset investments Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2025 £ (6,317) (6,317) (57,025) 61,915 6,042 10,932 4,615 287,522 292,137 |
2024 £ 73,883 73,883 (552,543) 552,543 6,448 6,448 80,331 207,191 287,522 |
|---|---|---|
The notes form part of these financial statements
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Peacehaven House
Notes to the Cash Flow Statement for the Year Ended 31 December 2025
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Net income for the reporting period (as per the | Statement of | ||||
| Financial Activities) | 82,256 | 86,728 | |||
| Adjustments for: | |||||
| Gain on investments | (46,758) | (45,793) | |||
| Interest received | (6,042) | (6,448) | |||
| Management fees paid out of fund | (1,965) | 3,702 | |||
| Dividends received | (15,424) | (12,006) | |||
| (Increase)/decrease in debtors | (31,980) | 6,871 | |||
| Increase in creditors | 13,596 | 40,829 | |||
| Net cash (used in)/provided by operations | (6,317) | 73,883 | |||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | ||||
| At 1.1.25 | Cash flow | At 31.12.25 | |||
| £ | £ | £ | |||
| Net cash | |||||
| Cash at bank | 287,522 | 4,615 | 292,137 | ||
| 287,522 | 4,615 | 292,137 | |||
| Total | 287,522 | 4,615 | 292,137 |
The notes form part of these financial statements
Page 11
Peacehaven House
Notes to the Financial Statements for the Year Ended 31 December 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. The financial statements have been prepared on the going concern basis which the trustees consider to be appropriate. Having considered the current and forecast results, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and they continue to adopt the going concern basis in preparing the annual financial statements.
The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Where income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities.
Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Bank and building society interest is included in the income & expenditure accounts on receipt. Dividends and fixed interest are included in the income & expenditure account when they are declared.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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Peacehaven House
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Assets are capitalised at their historical cost when purchased. Depreciation is not provided however the need for any impairment of a fixed asset write-down is considered if there is concern over the carrying value of an asset and is asses by comparing that carrying value against the value in use or realisable value of the asset when appropriate.
The charity has adopted the revaluation model to revalue items of freehold property whose fair value can be measured reliably. The revaluations shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.
The fair value of land and buildings is usually determined from market-based evidence by appraisal that is normally undertaken by professionally qualified valuers.
Revaluation gains and losses are recognised in the Statement of Financial Activities and added to reserves in a separate Revaluation reserve.
Investments
Stocks and shares quoted on a recognised stock exchange are included in the balance sheet at market value.
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year.
Unrealised gains and losses are calculated as the difference between the fair value at the year-end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
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Peacehaven House
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
1. ACCOUNTING POLICIES - continued
Taxation
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Leasing
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pensions
The Charity operates a defined contribution pension scheme. Contributions payable to the Charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
| 2. INVESTMENT INCOME Income UK listed investments Deposit account interest 3. INCOME FROM CHARITABLE ACTIVITIES Activity Income from residents Activities undertaken directly Sundry income Activities undertaken directly 4. CHARITABLE ACTIVITIES COSTS Activities undertaken directly |
Direct Costs (see note 5) £ 2,359,223 |
2025 £ 15,424 6,042 21,466 2025 £ 2,392,722 3,237 2,395,959 Support costs (see note 6) £ 22,704 |
2024 £ 12,006 6,448 18,454 2024 £ 2,183,275 3,378 2,186,653 Totals £ 2,381,927 |
|---|---|---|---|
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Peacehaven House
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
| Staff costs Food costs Residents outings & ent Heat, light & water Repairs & maintenance Cleaning, infection control & PPE Household expenses Garden expenses Laundry Sundry and travel expenses Protective clothing Insurance Telephone Office expenses Registration expenses Training expenses Advertising Medical supplies and toiletrie s Council Tax PSA 6. SUPPORT COSTS Activities undertaken directly |
2025 £ 1,759,008 147,466 8,966 97,351 178,592 22,220 13,725 2,494 5,536 4,183 4,819 36,699 4,432 30,816 12,211 8,701 2,930 11,254 3,595 4,225 2,359,223 |
2024 £ 1,564,483 143,331 8,934 90,415 186,185 24,514 8,936 2,957 4,323 6,586 4,095 31,265 4,072 22,632 14,073 6,988 2,004 10,070 3,362 4,303 2,143,528 Governance costs £ 22,704 |
|---|---|---|
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 6,193 | 5,680 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
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Peacehaven House
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
| 9. | STAFF COSTS | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Wages and salaries | 1,602,865 | 1,471,246 | |||
| Social security costs | 156,143 | 93,237 | |||
| 1,759,008 | 1,564,483 | ||||
| The average monthly number of employees during the year | was as follows: | ||||
| 2025 | 2024 | ||||
| Average number of staff employed | 88 | 73 | |||
| The number of employees whose employee benefits (excluding employer | pension | costs) exceeded | |||
| £60,000 was: | |||||
| 2025 | 2024 | ||||
| £60,001 - £70,000 | 1 | 1 | |||
| 10. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| Freehold | and | ||||
| property | fittings | Totals | |||
| £ | £ | £ | |||
| COST OR VALUATION | |||||
| At 1 January 2025 and | |||||
| 31 December 2025 | 1,985,000 | 318,616 | 2,303,616 | ||
| DEPRECIATION | |||||
| At 1 January 2025 and | |||||
| 31 December 2025 | - | 265,140 | 265,140 | ||
| NET BOOK VALUE | |||||
| At 31 December 2025 | 1,985,000 | 53,476 | 2,038,476 | ||
| At 31 December 2024 | 1,985,000 | 53,476 | 2,038,476 | ||
| Cost or valuation at 31 December 2025 is represented by: | |||||
| Fixtures | |||||
| Freehold | and | ||||
| property | fittings | Totals | |||
| £ | £ | £ | |||
| Valuation in 2011 | 882,968 | - | 882,968 | ||
| Valuation in 2024 | 585,000 | - | 585,000 | ||
| Cost | 517,032 | 318,616 | 835,648 | ||
| 1,985,000 | 318,616 | 2,303,616 |
The trustees have considered the valuation of the freehold land and buildings in the previous year and a revaluation to current market value had been included within the accounts. .
The historical cost of the land and buildings is £517,032.
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Notes to the Financial Statements - continued for the Year Ended 31 December 2025
11. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 January 2025 Additions Disposal proceeds Gain / (Loss) on disposal Change in market value Investment income received Fund fees and charges At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024 There were no investment assets outside the UK. Cost or valuation at 31 December 2025 is represented by: Valuation in 2025 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments |
Listed investments £ 578,267 57,025 (57,025) 4,890 41,868 15,424 (2,925) 637,524 637,524 578,267 Listed investments £ 637,524 2025 2024 £ £ 110,986 78,808 5,002 4,962 7,410 7,648 123,398 91,418 |
|---|---|
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Peacehaven House
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Other creditors Accrued expenses |
2025 £ 18,598 47,599 10,297 78,790 155,284 |
2024 £ 7,613 31,476 43,051 59,548 |
|---|---|---|
| 141,688 |
14. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years In more than five years |
2025 £ 4,936 11,181 - 16,117 |
2024 £ 4,935 14,665 218 |
|---|---|---|
| 19,818 |
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed assets Investments Current assets Current liabilities |
Unrestricted funds £ 2,038,476 637,524 415,535 (155,284) 2,936,251 |
Restricted fund £ - - - - - |
2025 Total funds £ 2,038,476 637,524 415,535 (155,284) 2,936,251 |
2024 Total funds £ 2,038,476 578,267 378,940 (141,688) 2,853,995 |
|---|---|---|---|---|
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund Revaluation Reserve TOTAL FUNDS |
At 1.1.25 £ 1,386,027 1,467,968 2,853,995 2,853,995 |
Net movement in funds £ 82,256 - 82,256 82,256 |
At 31.12.25 £ 1,468,283 1,467,968 |
|---|---|---|---|
| 2,936,251 | |||
| 2,936,251 |
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Peacehaven House
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources Gains and resources expended losses £ £ £ Unrestricted funds General fund 2,417,425 (2,381,927) 46,758 TOTAL FUNDS 2,417,425 (2,381,927) 46,758 Comparatives for movement in funds Net movement At 1.1.24 in funds £ £ Unrestricted funds General fund 1,299,299 86,728 Revaluation Reserve 882,968 585,000 2,182,267 671,728 TOTAL FUNDS 2,182,267 671,728 Comparative net movement in funds, included in the above are as follows: Incoming Resources Gains and resources expended losses £ £ £ Unrestricted funds General fund 2,205,107 (2,164,172) 45,793 Revaluation Reserve - - 585,000 2,205,107 (2,164,172) 630,793 TOTAL FUNDS 2,205,107 (2,164,172) 630,793 |
Movement in funds £ 82,256 82,256 At 31.12.24 £ 1,386,027 1,467,968 2,853,995 2,853,995 Movement in funds £ 86,728 585,000 671,728 671,728 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Revaluation Reserve TOTAL FUNDS |
At 1.1.24 £ 1,299,299 882,968 2,182,267 2,182,267 |
Net movement in funds £ 168,984 585,000 753,984 753,984 |
At 31.12.25 £ 1,468,283 1,467,968 2,936,251 2,936,251 |
|---|---|---|---|
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Peacehaven House
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Revaluation Reserve TOTAL FUNDS |
Incoming resources £ 4,622,532 - 4,622,532 4,622,532 |
Resources expended £ (4,546,099) - (4,546,099) (4,546,099) |
Gains and losses £ 92,551 585,000 677,551 677,551 |
Movement in funds £ 168,984 585,000 753,984 753,984 |
|---|---|---|---|---|
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as unrestricted funds.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2025.
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Peacehaven House
Detailed Statement of Financial Activities for the Year Ended 31 December 2025
| INCOME AND ENDOWMENTS Investment income Income UK listed investments Deposit account interest Charitable activities Income from residents Sundry income Total incoming resources EXPENDITURE Charitable activities Wages Social security Food costs Residents outings & ent Heat, light & water Repairs & maintenance Cleaning, infection control & PPE Household expenses Garden expenses Laundry Sundry and travel expenses Protective clothing Insurance Telephone Office expenses Registration expenses Training expenses Advertising Medical supplies and toiletrie s Council Tax PSA Support costs Governance costs Auditors' remuneration Legal and professional fees Investment fund management fee |
2025 £ 15,424 6,042 21,466 2,392,722 3,237 2,395,959 2,417,425 1,602,865 156,143 147,466 8,966 97,351 178,592 22,220 13,725 2,494 5,536 4,183 4,819 36,699 4,432 30,816 12,211 8,701 2,930 11,254 3,595 4,225 2,359,223 6,193 13,586 2,925 22,704 |
2024 £ 12,006 6,448 18,454 2,183,275 3,378 2,186,653 2,205,107 1,471,246 93,237 143,331 8,934 90,415 186,185 24,514 8,936 2,957 4,323 6,586 4,095 31,265 4,072 22,632 14,073 6,988 2,004 10,070 3,362 4,303 2,143,528 5,680 10,638 4,326 20,644 |
|---|---|---|
This page does not form part of the statutory financial statements
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Peacehaven House
Detailed Statement of Financial Activities for the Year Ended 31 December 2025
| Total resources expended Net income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income |
2025 £ 2,381,927 35,498 4,890 40,388 |
2024 £ 2,164,172 40,935 68,652 109,587 |
|---|---|---|
This page does not form part of the statutory financial statements
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