2023-12-31-accounts

Company Registration Number- 03964213 The Charity Registration Number is 1092389 Peepul Centre Report and Accounts 31 December 2023

Peepul Centre Report and accounts for the year ended 31 December 2023 Contents Page Charity infomatlon Trustees. Annual Report Statement of directors. responsibilities Independent auditor's report 10 Funds Statements... Statement of Financial Activities 12 Statement of Financial Activities - Prior Year statement 13 Statement of total recognised gains and losses Movements in funds 13 14 Revaluation reserves 14 Revenue Funds 15 Fixed Assel funds 15 Income and Expenditure account Summary offunds 16 16 Balance sheet 17 Cash flow statement 18 Note$ to the a¢¢ounts 19

Peepul Centre Trustees. Annual Report for the year ended 31 December 2023 The Trustees present their Report and Accounts for the year ended 31 December 2023, which also comprises the Directors. Report required by the Companies Act 2006. Reference and administrative details The charity name. The legal name of the charity is'.- Peepul Cenlre. The charity is also kn¢)wn by its operating name. Peepul Centre. The charltys areas operation and UK Charitable registration. The charity is registered in England & Wales with the Charity Commission in England & Wales ICCEWI with charity number 1092389. The charity does not operate in any oveiseas junsdictions. Legal $truetur8 ol the charity The charity is constiluled as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. The governing document is dated 11 June 2002 amended on 13 Aug 2021 There are no reslriclions in the governing documents on the operation of the Charity or on ils investment powers other than those imposed by Charity Law.

Peepul Centre Trustees. Annual Report for the year ended 31 December 2023 The principal operating address. telephone number, emall and web addresses of the charlty are:. 7 Orchardson Avenue Leicester. LE4 6DP Telephone [phone] Email Address [e-mail] Web address www.peepulenlerprise.com The following persons served as Trustees during the year ended 31 December 2023 -. The trustees who served as a ITuslee in the reporting period were as shown below, and there were no changes during the year, or in the period between the year end and the approval of the accounts. MrA Bhanot Mr S Syan Mi H Pankhania Mrs R Saujani- Resigned 17 October 2023 Mr Niraj Singh - Appointed 23 Oclomber 2024 The parent charity the Ethnic Inclusion Foundation represenlalives are the members of the charity so protect the parent charity's investment in the property the Peepul Cenlre. All trustees retire every three as lo years and if eligible are re-elected al the annual general meeting. All Iruslees including non-members have equal volinng rights on the operations of the charity. The Iruslees are all individuals Objects and activities of the charity The purposes of the charity as set out in its governing document. The main objectives of the Charity are to promote charitable purposes and in particular. to advance education and vocational training, protect health. relieve poverty. sickness and distress, relieving unemployment. providing recreation and leisure facilities and increasing performing arts participation in the interests of social welfare and development.

Peepul Centre Trustees. Annual Report for the year ended 31 December 2023 The main activities undertaken in relation to those purposes during the year. The Charity achieves ils objectives described above in the Asian Arts and Culture and wellbeing. with the assislence of public bodies, like ACE and NHS, and others, with a granl also from the parent charity EIF. Peepul Centre's Health Department runs a Mental Health Neighbourhood Crisis Cafe, in partnership wlh the NHS, during the year which has been a success story of making a positive heallh and wèllbeing impact on the local community. In addition. thè Peepul Centre charity provides space for various charitable groups like women's groups, Coffee mornings for community groups. small fund-raising activities for other causes like cancer research and other groups for women empowerment. The main activities undertaken during the year to further the charity's purpose for the public benefit. The Trustees conduct a regular review of the slated objectives and are satisfied th31 all of Ihese activities slated above are being delivered for the public benefit. As a result of these activities a number of community organisations have benefited from its meeting spaces. arts and music events, and conferences and training in partnership with public bodies and with Trustees, aim to provide benefit to the larger local and regional community. The Trustees have had dile regard to Ihe Charity Commission's guidance on public benefit in managing the activities of the charity.

Peepul Centre Trustees. Annual Report for the year ended 31 December 2023 The short term and longer term aims and objectives. Peepul Centre's short term aims are to develop its Health programme in partnership with the NHS and its arts programmes in partnership with the Arts Council England {ACE). Our last year's ACE application for our 2024 programme of half a dozen events for £100k was rejected by the ACE Nottingham office assessors, who have consistently rejected all our applications over £30k since 2019. We have informed our ACE artreach officer about what we believe to be the reasons for this unfair treatment towards us. Since inception of the theatre in 2016 the ACE Nottingham offiGe has approved large funds for other theatres but ours one situated in the heart of the margenalised ethnic communily who cannot even afford the higher ticket prices, let alone invest in the creative arts, have not yet had the opportinuty lo be a National Portfolio Organisalion, an NPO, like the olhers. Indeed more and more organisalions are given the status of an NPO but we are rejected outright for even projects that may lead lo Ihal status. Our only consolation is that we are fortunate to have the advice of a very kind outreach officer from ACE and like before she advised us lo pul an application for under £30k as Ihal would be assessed by a panel not the Nottigham assessor. Lo and behold. the panel approved our applicalion. albeit a small sum of under £30k bul it was for one of the projects rejected by the Nottingham office. We continue to implore ACE to better address their diversity policy at the Nottingham office as il seems we come into ils geographical area. Peepul Theatre is a purpose built 314 seal theater with ACE funding of up lo £2m in 2005. The theatre was buill to give resilience to a poor margenalised community area. During 2006 the Peepul Centre promoted an organisalion lo gel established but then that organisation went lo other NPO'S and received its NPO slalus in London. Now the same organisation is given an NPO status for Leicesler for similar projects we had applied for but we got rejected outright. We are happy about the success of that organisalion bul we believe we are being suppressed for its success. Hence an NPO slalus continues to escape us, since 2006, and yel we are based in the heart of a minority ethnic margen31ised community, where art cannot be developed unless subsidised by ACE. The NHS partnership for health projects is working very positively and Ihe Peepul Centre is set to be community hub for community health intetventions in the medium term. The charity's strategies for achievlng its aims and objectives in the future. Peepul Centre Health Department is developing a much greater nelwork of some highly pla￿d health professionals, the local Councils, health officers. the Leicester Health partnership networks and now does Iwo or three Health conferences a year al the Centre which are fully subscribed. There is an increasing aGlivily for the communiiy on health and wellbeing matters at the Cenlre. With the South Asian Culture and Arts we are continuing lo do our programmes to build evidence for our long desired ACE relationship. We believe once ACE is on board with us we will not look back as this relationship is the key to the success of the Charity and to help develop the British Asian arts wilh UK artists.

Peepul Centre Trustees. Annual Report for the year ended 31 December 2023 How the activities undertaken during the year contributed to the achievement of the aims and objectives. On South Asian Arts we ran successful Ghazal and folk arts programmes, albeit with a shoe string budget due lo ACE Nollingham Office being unkind lo us on funding. On Health the Mental Health Neighborhood Crisis cafe has gone fiom strength t0 strength and the NHS has eaimarked funding for four years foi ils conlinualion. Our ¢ommunity Mela on South Asian Arts and wellbeing was a resounding success, with large participation from local community businesses. Resources used in the activities undertaken during the year. The Elhnic Inclusion Foundation. the parent Charity, continued lo support the Peepul Centre activities. NHS partnership with the Peepul Health have kindly providèd funds to support those activities. The contribution of volunteers during the year. A number of volunteers were engaged by the Peepul Health division. Large number of volunteers are engaged on community events like Ihe Peepul Mela and our Diwali Tree Play for children Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year. Peepul Centre Charity is a large community arts and leisure centre with substantial overheads. Concerted efforts are being made to apply for public funding for projects.

Peepul Centre Trustees, Annual Report for the year ended 31 December 2023 The main achievements and performance of the charity during the year. The Peepul Mela for South Asian Arts and wellbeing was a resounding success wilh the community. Our Enchanled Diwali Tree production goes from strengih to slrengih every year. The Crisis Cafe project with the NHS partnership is forming a solid health basis al the Peepul Centre. The difference the charity's performance during the year has made to the beneficiaries of the charity. Several community groups continued lo benefit from the free use of the Cenlre. These groups are women's educational and empowerment groups, art-groups, disabled sports groups and other charity organisations who hire rooms at nominal rates. Peepul Centre charily provides facilites for sports and fitness, children's nursery, perfonning arts and rental of sppace to olher community based charities at very reasonable rates. The Mental Health Crisis Cafe was successful in giving relief to several patients sufferring al the edge of life and signposting them to gel the right treatments. The degree to which the achievements and performance during the year have benefited wider society. All the setvices outlined above are for the benefit and resilience of the communities in the area and il is importanl to acknowledge that the Centre now is never short of a footfall, it has grown lo be well used and widely. The conslrainl remains in the theatre under-ulilisalion for a lack of properly funded arts projects. Peepul Health is growing stronger every year.

Peepul Centre Trustees, Annual Report for the year ended 31 December 2023 The significant charitable activities undertaken in the year. Significant aclivilies during the year was the Peepul Mela and the Mental Health Crisis Cafe impacling individuals at the edge of life. Peepul Health runs professional mental health conferences usually oversubscribed by the communily and professionals The performance of material fundraising activities during the year against the fundraising objectives set. The Charity relies on grant aid from the donors identified in the accounts, particulary from the parent charity the Ethnic Inclusion Foundation generally and the specific projects grants from various public bodies. Expenditure Incurred in the year in order to raise income in the future. Expenditure is monitored closely due to cashflow Pressures and decisions are made by the Board to prudently spend in order to keep the Charity future prospects healthy. The Charity seeks public funding now for various projects, particularly for the arts and wellbeing of the communities. Structure, governance and management of the charity The methods used to recruit and appoint new charity trustees. The directors of the company are also Truslees for the purpose of charity law. The Trustees of Peepul Centre are approved by the Charity's ultimate controlling parer)l undertaking, the Ethnic Inclusion Foundalion (EIF). The Charity is a social enterprise as is ils parent EIF. The Chairman is a Trustee appointed as Mana9ing Director to run the entire EIF group, so as to first lun the group as a business in order to maximise surpluses for a charitable benefit to the public, and equally to minimise any trading risk for the directors who are liable for any departures under company law. Whilst the Board meets quarterly the Chairman keeps the Board of Directors informed regularly of major issues. The Trustees oversee any surplus created through the social enterprise activities and any public funds, as resliicted, for any charitable projects, to ensure such funds are expended properly in the relevant projects for maximum public benefit. The Charity advertises first for new Trustees and then through a short list mechanism invites them for interview lo assess their skill and input to the Charity before appointment.

Peepul Centre Trustees, Annual Report for the year ended 31 December 2023 The policies and procedures for the induction and training of trustees. The Trustees are generally senior skilled professionals who have experience of running other charilies and the Specialist business, legal and community relations skills needed lo run this group. Governance induction is given al the start and any issues are discussed at Board meetings on an ongoing basis. The charity's organisational structure. The articles provide for a minimum oflhree Trustees with no maximum limit. The Trustees meet on a regular basis and are responsible for Ihe overall policy for running the charity and advising on all matters relating lo staffing, finance and development. How the charity makes decisions and how decisions are delegated. The Board has delegated the authority to run the Charity lo ils Managing Direclor. who is also the Chairman of the Trust and Ihus as Chairman consults Ihe Board on any major issues as they arise before finalising such decisions bul the day to day decisions of running the Charity are pnmarily his responsibility. However, his style of work and decision making is done in a team-work environment, first by the senior management team meetings at Head Office and then by a system of Staff Managemenl Team {SMT) meetings regularly al Ihe operating premises in Lei¢estèr, which is now conducted weekly by the Head of Health Director. The Chief Executive Officer and other senior management personnel to whom day to day management is delegated The Senior Management team of the charity are in charge of directing and controlling, running and operating the charity on a day lo day basis with overall direction of the Managing Director IMD). AII directors give their lime freely and no director receives remuneration in the year from the Charity Peepul Centre itself. The parent charity EIF funds the Charily and the management salaries. Peepul Centre the Charily is now defined to be for the South Asian Arts and Wellbeing. Peepul Centre the Charity itself has business income loo, for which Ihe Managing Director {MD) wilh his Senior Management Team work hard so as to redu￿ the defi¢ils of running this large Centre. Peepul Health division has seen a great success under the leadership of the Head of Peepul Health, Dr Sanlosh Bhanot, who has single-handedly developed wort(ing relations with local consultants and the NHS professionals. Setting pay and remuneration of key management personnel

Peepul Centre Trustees. Annual Report for the year ended 31 December 2023 Key Management personnel are.. A. Peepul Centre {PC}: Trustees.. Anil Bhanot (Chairl. Hashmukh Pankhania, Surinder Syan. Executive.. Dr Sanlosh Bhanol Head of Peepul Health, Sutvkeet Plaha Financial Controller. They are supported by Crisis Cafe staff in Peepul Health reporting lo Dr Santosh Bhanol and the theatre staff for the Arts presently reporting lo Anil Bhanol. Other positions, like Director of Charity and Cultural Programmer, cannot be funded from losses and Ihus the Executive developmenl shall depend on the ACE future funding for Soulh Asian Arts al the Centre. We do double roles because of a lack of funding from public sources on arts. Management salaries are approved and funded by EIF. Due to cashflow pressures and a lack of public body grants the Management and Staff work extra hard to make ends meet, and primarily because of the large overheads of the Centre we have to continue to be funded by EIF. No DireCtor￿[UStee is remuneraled from PC the Charity itself. How the subsidiary undertakingls) islare constituted and managed. Peepul Cenlre. the Charity, has a 1004/0 subsidiary Social Enterprises Limited as ils trading ami. Peepul Enterprises Ltd runs various activities like Childfren's Nursery, Gyms and Fitness, Sports Hall, Dance Studio, Venue Hire, and Conferences and Restaurant party booking5. Peepul Enterprises Ltd is funded by EIF the ultimate parent charity and ils figures are consolidated in the EIF accounls. The charity as a part of a wider network. Peepul Centre Charity, for the South Asian Arts and Wellbeing, itself is 100 /0 owned by the Ethnic Inclusion Foundation based in London, which is the ullimale holding charity and a social enterprise itself. Both Charities are registered at the Charity Commission and are also Companies Limited by Guarantee at the Companies House. Thus EIF a social enterprise Charity which raises ils funds through its business activities and uses its surplus for charitable projects, where PCIPEL is one of ils largest projects to help the Leicesler ommunities. The EIF Board under the group Chair Anil Bhanot has so far and annually given a commilmenl to continue to support PCIPEL insofar it is able to. PCIPEL deficit puts additional pressures on the EIF staff and management lo increase its surpluses lo be able to support PCIPEL. The three companies are related in ownership bul with a differenl Board on each and thus the relationship can be constrained by each Board's independent decision process, but one where the Group Chair tries lo keep the decisions complimentary. The charity's relalionships with related parties.

Peepul Centre Trustees. Annual Report for the year ended 31 December 2023 Online Accountancy SeNices Ltd owned by Anil Bhanol (Trustee and Director) provides accountancy services to PC and PEL. Mani Thapa FCCA, a Director of Online Accountancy Services Ltd, and ils other slaff carry out the work on management accounts, payroll, book- keeping, HMRC, Companies House and Charity Commission Relufns. The Charity employes at a very reasonable salary as Head of Peepul Heallh. Dr Sanlosh Bhanol. who is also a Trustee and non-Execulive Director of the parent Charity EIF on Health matters and s a spouse of Anil Bhanot. Sanlosh secured the NHS partnership for a Mental Wellbeing Crisis Cafe at Peepul Centre, which she runs herself. The Charity employs a Financial Controller who is responsible for all bank transactions and reconciliations which segregates the accounlancy duties with Online Accountancy Services Ltd and in particular the Financial Controller is responsible for the Bank. The Financial Controller works with Online Accountancy Services Ltd staff 50°/0 of his time al the Head Office in London and the remaindef 500/0 of his lime is spent at the PCIPEL premises in Leicester for financial and other management responsibililes. The Head Office for the Charity is shared with Online Accountancy premises in London owned by Anil Bhanot for which no rent is charged to the Charities group. The Truslees and the Management Teams meet 31 the Head Office as well as al the PC premises in Leicester. Mr Bhanol manages the charity and the social enterprises, largely from the Head Office, through constant Gommunicalions with staff, logelher with CGTV facilities and other electronic facilities, but conducts weekly face to face meetings with staff and other stakeholders al the Peepul Centre operating premises in Leicester. Financial review The charity's financial position at the end of the year ended 31 December 2023 The finanual position of the charity at 31 December 2023 and comparatives for the prior period. as more fully detailed in the accounts. can be summarised as follows'.- 2023 2022 Net income 1647,039} 160,4321 Unreslricled Revenue Funds available for the general purposes of the charity Unreslricled Fevalualion reserve 3.410.330 4.050.466 806.000 4,216,330 806,000 4,856,466 Total Unrestrlcted Funds Reslricled Revenue Funds 19,348 26,249 Total Funds 4.235,677 4.882,715 Flnancial review of the position at the reporting date, 31 December 2023 . 10

Peepul Centre Trustees, Annual Report for the year ended 31 December 2023 The Financial Statement of Activilies shows a nel surplus for the year ended 31 December 2023 of £1,775. 2022- £160,432). Tolal Income for the year was £247,044, {2022- £180,706}. This included rents received for the year ended 31 December 2022 of £134,305 {2022- £111,153), and a grant from EIF of £60,000 in the year 2023. Total expenditure for the year was £245,269 (2022 - £241,138). Policies on reserves. As al 31 December 2023 the group had total reserves of £4,271,17712022 - £4.269.401), and £19.348 of which was held in restricted funds (2022 - £48,230). Unreslrided funds includes £806,000 (2022 - £806,000) held in a fair value reserve which arose on the valuation of a proportion of the property which is used for investment purposes. Whilst the policy on reserves is desirable to maintain a three month wages free cash reserve it has not been possible to maintain il due lo the large overheads the Centre suffers. primarily becaL¢se of the theatre space's under-unlilisation due to lack of funding from ACE. EIF has funded the Peepul Centre group's running costs deficits in the sum of £2,602,772 {2022- £2,094,667), after acquiring il in 2012. Going Concern The Trustees are of the opinion that wilh the continued support of the group's ultimate parent charity, the Elhnic Inclusion Foundation {EIF), the group's foreseeable future is secure. The Trustees of EIF are committed to supporting Peepul Centre and Peepul Enterprises Lld for a period of at least 12 months from the date of approval of these financial statements. The freehold property comprising the Peepul Centre is free of any mortgage charge but the property was built in 2006 with the financial assislence of the Big Lottery, the Arts Council England and the Leicester City Council, who hold a covenant on the property. The Trustees and management are working to build a partnership relationship with the Arts Council England {ACEI lo help fund Peepul Cenlre's arts projects to create income generation activities and bring the Peepul Centre lo be able lo compete on an even playing field with other local theatre NPO'S which are funded substantially by public money. The Trustees expect the company to have adequate resources to continue operational existence for the foreseeable future. For this reason, they continue lo adopt the going Concern basis in preparing these financial statements. Availability and adequacy of assets of each of the funds 11

Peepul Centre Trustees, Annual Report for the year ended 31 December 2023 The board of Irusees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in resoect of each fund. Significant events which have affected the financial performance and the financial position. All reslricled funds are spent in line with the project as Ihe NHS funding. ACE project funding for the Peepul Mela is like wise spent in accordance with the budget and contributions paid by EIF grants. Financially EIF has continuèd lo underwrile the large overheads of the Centre. The major risks to which the Charity is exposed and reviews and systems to mitigate them. The primary risk Ihe Charity faces is not being able to receive public funding for its arts projects as the theatre deficits are fast becoming unsustainable whilsl other local theatre groups enjoy sustantial public funds, which is right that they do, but Peepul Centre needs an even playing field to start working its arts programmes and ulilise the large space of the theatre efficiently. 11 is a purpose buill theatre of 314 tiered seals serving an ethnically diverse and margenalised population in the Belgrave area of Leicester ACE Nottingham Office assessors as explained above - in our short terms note above - pose the greatesl risk to the Centre's survival, in spite of other ACE officers and their panel's positive assessments after Ihe Noltingham Office Assessors rejections for our projects. For ir)slance one particular project rejected by the Nottingham office but approved by the panel was our 2024 Mela, a highly successful event, comprising an arts and cullure show, a highly professional and successful mental health symposium, and a full fun day with community stalls, bollywood song and folk dances, sports, several food and juice stalls including specialist cuisine from our own restaurant. Nottighnam office ACE staff seem to favour certain organisalions over and above the Peepul Centre and the reasons are we believe an external influence to undermine us. However. the ACE does need lo review its diversity impact from the Nollingham office as we feel totally discriminated againsl by the Nottingam office agsessers, as evidenced by one of our projects having been rejected by them but later got approved by 3 wider panel, as mentioned above. Their assessors pose now the greatest daanger to the Peepul Centfe survival. In all our previous acoounts we have recorded the history of ACE treatment, of lows and highs, but our 2024 projects application's outright rejection by the Nottingham Office assessors and their several rejeclions since 2009 have proved lo us their discrminant policy towards us. Factors likely to affect future financial performance . 12

Peepul Centre Trustees. Annual Report for the year ended 31 December 2023 Peepul Centre's aims and objectives are to develop the Ihealre and performing arts, whilst also care for the wellbein9 of the communities. The Peepul Health division under Dr Sanlosh Bhanol is developing fast wilh the NHS partnership and with Dr Bhanot's relationships wilh some highly qualified NHS professionals, consullanls and doctors in Ihe area, and now the Health organisations partnerships. The South Asian Arts programmes are being developed in the theatre which require future funding to make any difference. The Chairman, a semiclassical music hobbyist. did his own his own cultural concerts in the year to keep developing this audience and during 2023 and 2024 we invited other established classical artists lo perform classical cultural concerts, so as lo help continue building a base for cultural events. We are graleful lo ACE for funding our classical concert at the Peepul Arts & Wellbeing Mela in May 2023, which had a resounding success. As mentioned above the problem comes one corner in their Nottingham Office, which hopefully ACE will try and help us avoid for our assesmenls. Funds held as custodian trustees on behalf of others These are none. Other information about the charity and its activities Peepul Cenlre arts programmes remain undeveloped due to the very high risk posed by the ACE Nottingham office which now the Board has to periodically review thal nsk imacling the running of the Centre. Employment of disabled persons Peepul Centre employs differently abled persons as can be seen from cijrient and past re¢ords, equally and with special ¢are as needed. 13

Peepul Centre Trustees. Annual Report for the year ended 31 December 2023 Details of The Auditor Naren Desai FCA MBA- Senior Slalutory Auditor Member of Chartered Accounlanls 144-146 Kings Cross Road Registered Auditor Kings Cross London WC1X 9DU Statement as to disclosure of information to audltors The truslees stale that so far as each of the trustees at the time this report was approved are aware... a) There is no relevant audit information las defined by section 41813) of the Companies Act 20061 of which the auditors are unaware, and b} The trustees have taken all steps that they ought lo have taken to make themselves aware of any relevant audit infofmation and establish that the auditors are aware of that information. Statement of the Directors Trustees, Responsibilitles The charity's truslees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities {Accounts and Reports) Regulations 2008. Notwilhslanding ihe explicit requirement in the extant slatulory re9ulalions,the Charities (Accounts and Reports) Regulations 2008. to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined lo interpret this fesponsibility as requiring Ihem lo follow current best practice and prepare the accounts according lo the FRS 102 SORP (Slalement of Recommended Practice for Accounting and Reporting by Chanliesl 2015, {as amended by the Bulletin issued in Oclober 2018 and applicable to all accounling periods beginning on or after 1 sl JanLrary 2019), {The SORP}, . In particular, the Companies Acl 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity as al the end of the financial year and of the surplus or deficit of the charity. In preparing those financial slatemenls the Board is required to - lo prepare the accounts in accordance with United Kingdom Generally Accepted Accounling Practice (United Kingdom Accounting Standards and applicable lawl. select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudenl., prepare the financial slatemenls on the going concern basis unless it is inappropriate lo presume that the charity will continue in business., slate whether applicable accounting standards and statements of recommended practice have been followed. subject to any material departures disclosed and explained in the financial slatemenls.. 14

Peepul Centre Trustees, Annual Report for the year ended 31 December 2023 The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the slate of affairs of the charily and of the surplus or deficit of the charity for the year. The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient lo show and explain the charity's tfansactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also responsible for the eonlenls of the Trustees. report, and the slalulory responsibility of the auditor in relation lo the Trustees, reF)Ort is limited to examining the report and ensuring that , the report is consistent with the figures disclosed in the financial slalements. This report was approved by the board of Iruslees on 25 October 2024. Bhanot Director and Trustee 15

Poopul Contro Independent auditor5. Mport to tho mombors of P•opuI Centre We have aLKlit8d the fiMi￿al 6tatemonts cl Peeptl Ctrjtre fDrthe year ending 31 December 2023 whlth cc¢nptse the1Tr2)m¢ S¢atemenL the Statem8niof Flnanoal Po￿On. the Statement ofCharvJ85 in Equrty and the rplatgd notss. Th¢ fi￿n￿al fram8WOrt that has ten app[￿￿ In Ihplr preparallon19 Bppltable law and Unlted ￿ngdorn kuunting Standardi Iunited Klngdorn Generaly Act8pW Actountino Pi&cti¢el, Ir￿uding FRS 102 Tr Flnandat ROForkn Stand¥d applKabl• In th• UK R•wbk of Ir¢land' This report 15 rnad8 to the c4ryany's mxbers, as a bttts¥, In Af£A)rdanr with Chapter 3 ofPart 16 ofthe CrynlesAct 20C6. Our audit work has baen uThJ8rkkon so thatwe rnpaht state to the ￿mpanI$ rnembers lh￿e matters we are re]ulred to state to thwn In aTr auditors, and tr no oiher purpose. To Ihe full8$1 •xi•rrt p¢m%tt¢d by law, wo not acc•pt or a$suffl• r•sponslLrflty to anyone other than the xrnw¢yand the companls membors as a botsy. for our XUdrt￿rk. for thk8 reporL or for the ￿nion8 we ha Re•p•dI￿ rn¥pon•lbiliti•• of dlv•¢torn and audltorn As explelned nwe In the StaterTRnt of Regponsiblllti•s, Ihe dlrxknrg arè fegwnsible fortht prèpar#Uvn olthe flnwndal St￿￿Thts and for belng salsfvd thai th•y gfv• 4 truo WKt falr vhw. Our r•spon61bllly Is to auolland gxpr•ss an Wnlon on th• firsancial statèments xi octsrdarKe with appItC4b￿ law Intem&b"onal St8nthrds Dn Audthg IUK and Ireland). Th958 stsnrJard8 requi￿ us to ojmpty wrththe A￿1th'n9 Practic88 Board'$ EthicAI Sta￿ards forAwJrto Scop• of th• audlt ofth• accounts A de5cripbon ofthg scopo olan aLkl offina￿l sta¢grngnts 18 pThkJed on th8APB'swebslt• atwww.frGN9.￿audrtsc0Wkprlv4t¥ Oplnion on th• accounts In our opinion Ihe XGCAtnts.. glve a tru& and falr vbw or the slat• ¢fth• Compan￿$ affalTr at 31 D￿9MlaT 2023 and of ts do￿tIOr￿￿ yèartrn 4ndtd'. Avt been properly prepared in acc4Jrdance with Unltoj Krydom Gemrally AcGgpknJ kounting Practi apF4icabl6to Small•r Entibes,. and twe bpen prepared in accorda1￿8 wih requtremonts ofthe CornF4nl•s Art 20(￿. Opinion on other mitt•rn Prn•CTib•d by tho Comp•nl8$ A¢t 2006 In our opinbn (he information gfven in the Directo￿, Re￿rt￿n￿ lh¢ Str9￿ Rgpry¢ br lh¢ frf¥￿•1 yearfor whth Ihe f￿￿?1 $18tements •re preppr¢d IB corffji¥Mwth the fin8ncig1 statsments. Matt•r• on whi¢h wo am tsquir•d to report by exc•ption We hsvE Mthino to in respect olthe fo1￿1n9 m8tters where Ihg Crmpanos A¢t 2006 r•q(4r¢6 u• to report to youll, In c4 opiniorL ad￿￿3t? xcow)ting rgoyds notbgpn kw. or r8bms a(que fc( audit ha¥ I￿1 b•on rKdv•d from branthes not vigled by us,. or the actwnts pre not in aweement wth Ihe rec4Jrd5 arrtl returm.. tx rethln dI$d￿￿reB cfdlrector¥' ￿￿r￿￿tI)n ty Iw are Tr)t made,. or we h#vE Ml all ts inftJrMat￿n ond w¢ wulrg tor Oura￿a￿. Naren Desal FCA MBA- Sènlor Slalutory ALMliloi {Sgnior Statutory Auditor) forand on behalf ol knjrew Murray & Co Accountants and SlaiutoryAuditor5 25 Octobèr 2024 144-146 Kings Cross Road RegisleTed Auditor King$ Cross London WC1X 9DU 16

Peepul Centre - Statement of Financial Activities for the year énded 31 December 2023 Statement of Financlal Activities (including the Income and Expenditure Account for the year ended 31 December 2023, as required by the Companies Act 2006) SORP Rel Cvrrtrnt year Unrestricted Fund$ Current year Rfr5trktfrd Funds Current yoar Total Funds Piior Year Total Funds 2023 2023 2023 2022 Incune & Endovments from.. Grants Investmls Al A4 92,448 134,305 20.291 112.739 131.30S 69,553 111,153 rotal in¢¢)me 226.753 20,291 247.044 180,706 Expenditure on.. Raising funds Charitable aclivitwo Other B1 B2 83 3.168 116.983 97.926 3,168 144,176 97.926 7.541 141.523 92.074 27,192 Total expenditure 218.077 27.192 245,269 241.138 Net income for the year 8,676 16,9011 1,775 160,4321 Irrter cornpany balance wrltten off 1648,8141 1648,8141 Net Income aftertransfer5 A-B-C 1640,1381 16,901 1647,0391 160.4321 Net movement In funds 1640,1381 16,9011 1647,0391 160.4321 Rec¢)ntili#tion of lunds:_ Total fund$ brougm forward 4.856,487 28.249 4,882,716 4.943,147 Total funds carrled foThRrd 4,216,329 19.348 4.235.677 4,882,71S The'SORP Ref indicated above is the classrfic8b.on of in¢ome set out in the formal SORP cjocum?nts As required by pafaoraph 4.60 ofthe SORP. the brought fO￿ard and carrie¢J forw8rd lunds aLx>ve have b￿n agreed to the BaLqnce Sheet A Separate Statement of Total Recognised Gains and Lo$ses 1$ not required as this statement Ind￿je$ all recogni$ed gains and losse$. Ai the prior year tr8Trsactions were unrestri¢ted item5, and no further anawsis is reguired All activities derive from continuing op&rations Th• notès attach￿ on pag•$ 19 to 20 forni an Integral part of th•s• aeeounts. 17

Peepul Centre - Statement of Financial Activities for the year ended 31 December 2023 Prloryear Prtor Year Prior Year SORP Rof ilnre$tricied Fund5 Restricted Funds To¢AI Fund$ 2022 2022 2022 Income & Éndowments from.. GFanls Charitable activities Other tr8dino activitl&S Investft*ni$ A1 A2 A3 A4 69,553 69,553 111,153 111,153 Totsl In¢ome 180.706 180,706 Expendlture on.. Raising funds Charitable acbvrties 81 B2 7,541 141,522 92.074 7,641 141.533 92,074 B3 Totsl expendilu 241.137 241.138 Net g2ins on lnveslrr￿ts Net income for the year 160,4311 160.4321 Transfers beb#een fun(ls Net Income aftertransfe 180.4311 160.4321 rnovtment in fund$ 160,4311 160.4321 Re¢on¢illation of lund8:. Total funds brouglrt forward 4.879,771 63,376 4,943,147 Total fvnds carrled fotrward 4.819.340 63,376 4.882.715 All actlvltSes derlve from contlnulng operatlons A separate Statement of Total Recognised Gains and Ltssses is not required as this statement includes all recognised gains an losses.. Th• notes attached on pages 19 to 20 forni an Integral part of these accounts. Peopul Centre - Resources applied in the year ended 31 Dècember 2023 towards fixed assets for Charity usg:. 2023 2022 Funds ￿nerated in the year as deta1￿ In the SOFA 1647.0391 160,4321 Net rgsources available to fund charltable actlvlties 647.039 60.432 18

Peepul Centre - Statement of Financial Activities for the year ended 31 December 2023 The notes attached on pagè$ 19 to 20 form •n Intsgr•l part of these accounts. 19

Peepul Centrè - Statemènt of Financial Activities for the year ended 31 Dèeember 2023 ovements in revenue and capital funds forthe year ended 31 December 2023 Rèvènuè aecumulated funds UnY0$tii¢tod Funds R¢siriCts Funds Total Lasi yfyar Total Funds Funds 2023 2023 2022 Aecumu18ted funds brought rorward 4.050,467 28.249 4,076.716 4,137,147 Recognised gains and lo$se$ befo￿ Iran$fÈrs 8.676 16,9011 1,775 160.4321 4,059,143 19,348 4,078A91 4.076,715 IFromlTho unre51riGled revenue funds 1848,8141 1648.8141 Clo$lny revenue funds 3.410.329 19.348 3.429,677 4.076.716 R•valuatlon Resotw Fund Ufife5tricted Reslricled Funds 2023 Total FuTrds 2023 Last year Total Fund5 2022 Funds 2023 At 1 January 806,(100 806.000 806,000 At 31 December 806,000 806.000 806.000 Summary of funds UTrrestricted Restricted Fuods Totthl Funds Last Year Total Fund$ •n Destynated ￿Thd$ 2023 2023 2023 2022 Revenue a¢¢umulated funds RevalualDn resenfe fund 3,410,329 806,000 19.348 3,429,677 806.000 4.076.715 806,000 Total fund$ 4.216,329 19,348 4,235,677 4,882,715 Th• notes attach&d on pagès 19 to 20 form an Intègral part of thèsè accounts. 20

Peepul Centre - Statement of Financial Activities for the year ended 31 December 2023 Peepul Cgntre Income and Expenditure Account for the year ended 31 December 2023 as required by the Companies Act 2006 2023 2022 Income In¢Oft￿ from operations 112,739 69.553 Investment incow Income from inveslrnents, otrrthan interest r￿1vable Interest ￿ceNable 134,305 110,857 Gro$$ Income in the year before exceptlonal hems 247,044 180,706 Gross Income In Ihe yea¥ Including ex¢wional it8rn8 247,044 180,706 Exp•nditure Charit8b￿ ex￿ndit￿re, excluding deprec￿tr.0n and amortlS8tion Depreciation and amrti$ation Fundraising costs Governance costs 52.687 83,989 3,168 7,500 97.926 51.011 85,512 7,541 5,000 Other expenditure 184.148 Total oxpendtture In the year 245,270 333,212 Net Income bolore tsx in the financial year 1.774 1152,506 Tax on SUr￿u5 on oidinary acaivities Nèt iTh¢ome after tax in the ffinanclal year 1.774 1152.5061 Rtsin¢d surplus for th? financlal year 1,774 1162,606 All activities derive from continuing operations In acu*dan¢ewith the provisions of the COrnpan￿$ Act 2ryJ6. the headings subheadings used in the lrtoTrE and Expenditure account h8ve adapted to rÈfle¢t tt)e speual nature of the charity's activrtres. The notes attached on pag•s 19 to 20 form on integral part of these accounts. 21

Peepul Centr?- Balance Sheet as at 31 December 2023 SORP Note Rèf 2023 2022 Fixed a55ets Tangible assets Investments held as fixed assets 7 A2 3,164,876 1,100.001 3,248.865 1.100.001 9 A4 Totsl flxed assets 4,264,877 4.348,868 Current assets Debtors Cash al bank and in hand 10 82 84 3,932 741 500,245 55.383 Total cuThent assets 4,673 555.828 credfjtors: amotsnts falling du• withln one year 11 C1 133,8731 121.7791 N•t currènt ass•ts 129.2001 533,849 Thè total assets of the charity 4.235.677 4.862.71 S The totsl net assets ofthe charity artr fvndeil by thè funds of the charity, as follows:_ Restricted lunds Restricted Revenue Funds 16 D2 19.348 26.249 19.348 26.249 Unrestricted Funds Unrestrrled Revenue Funds 16 D3 3,410,329 806.000 4,050,466 806.000 Unreslricle¢ Revaluation Reserve 16 04 4,216,329 4,856,466 Designated Fvnds Total charity fund5 4.235.677 4.882,715 The'SORP Ref indicated above is the classrfication of Balance Sheet rtems as set out in the formal SORP document5. As required by paragraph 4 60 of the SORP, the brought forw8rd and r3rried fomard funds above have been agreed to the SOFA Thè direelors acknowkdge thèir rè5ponsibilities for cofflplying with the requirements of the Companiè5 Act 2006 with respect to accounliTrg record5 and the preparation of accounts. The ¢harity is sub]'e¢l to audit under charity ￿gislatiOn. and the report of the Charit￿S Act auditor is on page 11. The financial statements have been prepa￿ in accordance ￿th the provisions In Part 15 of the Companies Act 2006. applicable to companies 5ubie to the small companies regime. Anll hanot Ttusiee Approved by the kKJard of trustees on 25 October 2024 The notès attachod on pagos 19 to 20 fom an Intogral part ofthèsè accounts. 22

Peepul Centre Cash Flow Statement for the year ended 31 December 2023 2023 2022 Cash flows from operating activities Net cash provided by operating activities as shown below 1188.9481 {86,0731 Cash flows from investing activities Inte￿$1 received Other investment income, including rents from investments 29S 110.857 134.305 Net cash provlded by Investing activities 134,305 111,153 Cash flows from financing activities Cash inflows from new borrowings Net cash provided by financlng activities Overall cash provided by all activitles A+B+C 154,643> 25,080 Cash movements Change in cash and cash equivalents from activities in the year ended 31 December 2023 154,6421 25,080 Cash and cash equivalents at 1 January 2023 55,383 Change in cash and cash equivalents due lo exchange rate movements Cash at bank and in hand less overdrafts at 31 December 741 25,080 23

Peepul Centre Cash Flow Statement for the year ended 31 December 2023 Peepul Centre Cash Flow Statement for the year ended 31 December 2023 - Continued Reconclllatlon of net income to net cash flow from operating activities Net in¢ome as shown in the Stalemenl of Financial Activities (647,0391 160,4321 Adjustments for :. Depreciation charges Write downs of investments Net unrealised losses on investment assets Dividends, interest and rents from investments Decrease in debtors Increase in creditors, excluding loan5 83,989 85,512 {134,3051 496,313 12,094 {111,153) Net cash provided by operating activities {188.948) 186,0731 Analysls of cash and cash equivalents 2023 2022 Cash in hand al for the year ended 31 December 2023 Notice deposits - (less than 3 months) 741 55.383 Total cash and cash equivalents 741 55,383 24

Peepul Centre Cash Flow Statement for the year ended 31 December 2023 Peepul Centre Cash Flow Statement for the year ended 31 December 2023 - Continued Analysis of change in net debt At start Cash Atend ofyear 55,383 Flows and of year 741 (54,6421 Cash 154,6421 154,6421 Loans falling due within one year Total 55,383 {54,6421 154.642 25

Peepul Centre Notes to the Accounts for the year ended 31 December 2023 1 Accounting pollcies Policies relallng to the pmdu¢tlon of the ac¢ounts. 8asls of preparatlon and accountlng convention The accounts have been prepared on the accruals basis, un¢Yer tre h￿Stori¢81 c051 (vnvention, and in accordance wlh the Financial Reporting Standard 102. (effective 1st January 20181 and 'FRS 102 SORP (Statement of Rectsmmended Pfa¢lice for Accounting and Reporting by Charitiesl 2015,18s amended by the BUl￿tin i5suerJ in October 2018 and applicable lo all accoynting periods beginning on or arter 1st January 20191, (Tre SORPI. publishecl by the Charity Commission in England & Wales ICCEWI . effective January 2016, and in accordance wlh all applicable law in the charilvs jurisdiction of regislralion. exTrpt that the chaftly has prepared financial statement$ In ac¢or¢8nce with the FRS 102 SORP Islatemenl of Recornmended Practice forAccounliw and Reporting by Chaiiliesl 2015, las amended by the Bulletin Issued in October 2018 and applicable lo all a¢counting peri￿3 beginning on or arter 151 January 20191. (The SORPI. in preference lo the previous SORP. the SORP 2005. has t)een ￿thdra￿, notwihsianding Ihe faci that the exiant statutory ￿gUlatiOns, the Charitie5 IAccounts and RepK)rtsl Regulations 2008 refer èxplicitly lo the SORP 2005. This has done to accord wth currenl best practi￿. Going Concern The financial $laternents are prepare¢ on a going ¢oncem basis ￿1¢h assumes that the company wll continue in operational existence for the forseeabFe futUFe. The company has the financial support of the ultimate pa￿nI company, ltte Elhnic Inclusion Foundation IEIFI ¥vho have agreed to provide this 5UPPOrt for at least 12 months fr(xn the date of approval of the financial statements. The financial stslemenls do not include any adiuslments that wvuld result If the ultimale parent Company's support wthdrawn or EIF was unable lo continue to provide support. The directors fim)ly believe that It is appropriate for the financial 5tatetnent5 to be prepared on the g￿rng concern basis Policies relating to categories of income and income recognition. Nature of Income Gros5 income represents the value, net of value add￿ tsx and dis¢ounts. of goods prowded to customers and wvrk carried out In ￿SpeCt of services provi¢Sed lo customers. Cat•gorles of Income Income Is categonsed as income from e¥change transactions (contract income) antj income from nonéxchange transactions Igiftsl. inveslrnenl income and other inc¢xne. Income from ex¢han9e transtKtions is received by the charrty for goods or services sup￿￿ under conlracl or Is*ere entitlement Is subJe¢l to fulfilling pertormance related conditions. The Income the charity reTrives is approximately equal in value to the gl￿dS or Services Supplied by the charity to the purchaser. Income Irom a nonox¢han9e transactlon Is where the chanty receives value from the donor wthoul promding equal value in exchange, and includes donations of rnoney, goocls and serVI￿S freely given wthout giving equal value in exchange. Incomè rècognition Income. bthetrer frorn exchange or non exchange transacli(ms. Is recognised in the ststement of financjal activities ISOFAI on a receivable basis. ￿en a transactron or other event ￿$￿11$ in an in¢￿3$e In the charity's assets Of a reduction in its Iiabililies and only the chanty has legal entitlement, the income is probable and can be measured reliably. Dividends are accrued when the shareholder's right to re¢￿ve payment is established. Income suty'ect to terms and condiljons thich musl be mel ber￿e the charrty is enlitled to the resources Is not reco9nised unkn'l the conditions have been met. All income 15 a¢¢ounted fgr gross, Wore iaeducting any related fees or costs. 26

Peepul Centre Notes to the Accounls for the year ended 31 December 2023 Accounting for deferred income and Income recelved In advance Where lerrns and conditions rdaling to income have not been met or uncertainty exists as to ￿thether the cttarily can meet any terms or conditions othe￿]se wthin Ils control, Income Is not rec(gnise(S bul is deferred as a liability until il is probable that the lern7s or ￿￿dItIonS Imposed can be met. Any grant that 15 subject lo performanCe-￿l8ted ¢ondilions ￿￿1ve(S in advance of delivenng the g£)ds and services required by Ihat conditson. or is subject to unmet conditions whoily outside the control of the recipenl charity. Is accounted for as a liability and Sho¥￿ on the balance sheet as deferred Income Deferre(J income Is released to income in the reportir¥J peii¢>Y In Mthich the pertormance-related or Othèr conditions that limit reCognit￿n ale met When income from a grant tsr donation ha5 not been reco2nised due to the Conditions applying lo the gift not be5ng wholly within the control of the recipient charity. it Is disclosed as a contingent asset il receipt of the grant or donation is probable once those condilions are mel. Where lime related conditions are imF05ed or irnplied by a funder. then tre income Is aprortioned lo the time periods concerned.and. Mthere applicable. is accounted for as a liability and shovrfn on the balance sheet as deferred income When 9ranls Bre received in advance of the expenditure on the a¢lMty funde(I by them. bul Ihere a￿ no specific time laled conditions. then the inc(xne is not ¢eferre(l. Any condition that allowE for the recovery by the donor of any unexpended part of a grant does ntsl prevent recognilion of the income c￿Cerned. but a Iiabilily lo any repayment is recognised when repayment becomes probable. Income from legacles Income from legacies is recognised the charity h3s sufficient evidence that a girt has t)een lett to them. that wthere requifed, probate has been granted. the executor is Satisfied that the propefty In question Mnll not be required lo satisfy clairns in the estate. that Il is probable that the amount wll be received by the charity. and the amount lo be received can be e$limate(I with sufficient accuracy, and that any condition5 att8che¢ to the legacy are either ￿1th1n the control of the charity or have been mel. Where a payment is received from an eslale or Is nolifie(l as ￿&vable by Ihe executor5 afterthe repjrting date and before the accounts are authonsed for Issue but il 15 clear that the payment had been agreed by the executors prior to the end ol the reporting period, then the arnounl Con￿rned Is treated as an adjusting event and accrued as Incorne In the accounting peric If receipt is probable. Where thè charity has est8blished ents'tlernenl to 8 legacy but there Is uncertainty as to the amount of the payment. detai15 of the legacy araisclosed as a ¢onlingenl asset until the criteria for incorne reccgnilion are mel. Where a legacy is subiecl to the interest of a life tenant, the legacy is not recognised as Income until the death of the life tenant. If it is doubfful that full selllemenl of a legacy debior wll be ￿CeIved, Ihen an adjustment is rnade to reduce the amount or the legacy debtor and legacy Income rather than charging the &djustmenl as expenditure In the Slalemenl of Financial ACtiVi￿eS Donated goods. facilitles and servlces Donate(I fixed assets are rectsgnised at the current fair value. All such d￿atiOnS are ￿cOgnised as donation income, and Iyebited lo f+xed assets Donate(t goods that aro not flxed assets are ac¢wnted for at a fair value. unless Il Is impract￿al to measurè the value of the donated items. In the absence of any direct evidence of fair value of #onatecj gocKls, ltten a value 15 derived frorn the cost of the item to the ¢Yonor or, In the case of gocxls thai are expected to be 501d, the estirnate(J resale value after deducting any anlicipaled costs of sales. If it is impractic8Ne to Measu￿ the fair value of g¢xhYs donated for resale. orthe costs of valuation outwgh the benefits, the donated 9t)ods are recognised as income when sold. wth an equivalent amount being recognised as an expense The costs of goods donated for distribut￿)n to benefrci3ries is deerned to be the fair value of those goods upon re￿ipt. When the gooys are distributed freely or a nominal consQeralion. then the carrwng amount is adjusted al the lime of sale. lo the value al the point of distribution and the adJustment Is shovm as a cost of donations rfiade 27

Peepul Centre Notes to the Accounts for the year ended 31 December 2023 The carrwng amount of any slock held for distribution Is assessed for Impairment at the reporting date. All donated goc¥Js are recogni5ed as donation income, 8nd debited to trading slwk When Iradiry stock is subsequently sdd. or appropriated lo meet an expense. then the carrying value of the stock is reC￿niSed as an expense In accordan￿ wt the SORP. goods donated for distribution to beneficiaries. or for consurnption by the charity are Included In 18gacies and dOnat￿n$. Gcx)ds donated for resale are irtludett in Income Irom other Iradin9 activities, The cost of any stock ol goods donated for distribution to beneficiaries is deemed to the fair value of those gifts at the lime of their receipl If the goods held are lo be distributed freely or for a nominal consideraliN. then the carrying 8rnount is subsequenuy acljusled lo refle¢t the10%4Er of deemed Cost adiusle¢ for any loss of service potential and repl3￿ment cost. Replacement cosl Is the ettsnomic cost Incurred if the charity was to replace the setvice potential of the donated goods at ils okn expense in the most economic manner Donat￿ sèrvice5 and facilities Iincluding seconded staff and use of propetyl Bre Ind￿led in the accounts on the basi$ of the value of the gift to the charity All donated services and facilities ale recogni5ed a5 donation income received,Iprovided the value of the gift can be measured reliably) and recconise(l as an expense Mlh an equivalent walue. Membershlp subscrlptions The Incune and any associaled Gift Aid or other tax refund from a membership subscriptitsn received by Ihè charity in the nature of a gift. is accounted for on the $8me basis as a donaticfi. The Income from a membership subs¢ripbon receive( by the chaiily where the subscription purchases the right to servios or benefi15 15 recogn15ed as income from ch8ritsble activities Policies relatin9 to expenditure on goods and services pmvided to the charity. Recognition of liabilttles and expenditure A liatslity, an(5 the relatecj expenorture, Is ￿¢0￿nised vthen a regal or constructive obligation exists as a result of a past event, and then It Is more likely than not that a transfer of economic benefits will Lt required in settlement, and when the arnount of the obligation can measured or reliably estimated.. Liabilities arising from fulure funding commitments and constructive obligations. including perftymance related grants. %l)ere the timing or the amount of the future expenditure ￿qUired to settle the obligation are un￿rtaIn. give rise to provision in the accounts, which 15 reviewed at the accounting year eryj The wovision is increased to reflect any incre&se5 in liabilities. and Is decreas￿ by the ulili$ation of any provision ￿thIn the perio¢. an¢ reversed if any provision is no longer requi￿￿. These movements are eharged or c￿dited 10 the ￿Spective funds and activities to which the provision felates. Allocating costs to actlvitles Oirect costs Ihal are specifically related to an acbvity are all￿ted to that activity. Shared direct costs and support Costs are appth'oned t£tween activities. The basis for apportionment, %4*ich Is consislenlly applied. and prorortionate lo the Circumstan￿$. Is Stsffln9- on the basis of time spent In connection any particular activity staffing - on a per capits basis, based on the number of of people employed wthjn any partiular activity. Premise5 related costs- on the proportion of floor 8rea occupied by a parts¢ular a¢livily. Non speclfflc support costs- on the basis of the usage of ￿sOUrces, In tenns of time taken, capacrty used, ￿qUest made or other measures E&tlmatlon technlques useij in aptKJrticfiing ¢osls- give detsils Voluntee In accordance with the SORP, and in recognition of the dIff￿UltieS in placing a monetary Wdlue on the contribution frorn volunteer$. the eonlribution tsf volunteers Is not Included within the income of the charity. Ho￿ver the Iruslees value the Signif￿nI contribution madp to the actiwtv&s of the charity by unpaid volunteers and this is described more fully in Note6. 28

Peepul Centre Notes to the Accounts for the year ended 31 December 2023 Policies relating to assets. liabilities and provisions and other matters. Fixed Asset Investments nveslmenl pioperty Is showD al most recent valuaton Any aggregate surtyus or deficit arising frorn charges in fair value is recognised in the Slalemenl of Financial Actiwlies Fixed a55et investM￿ts in unlisted equilie5 are stiow) at the balan￿ sheet dale al the best estimate of their rn3rket value, vthere practicable Where valuation te¢hniques are considered unreliatle or where. in the opinion of the trustees. the costs outweigh the benefit5 to the useis of the acwunts. the Investment is Indude¢J al cosl. an¢J a review 15 undertaken at each year en¢Y 8$ lo whether the asset should be WTltten dovm. All gains on fiyed asset investments. *ether realised or unrealised. are I[￿lL￿1￿J in row B4 of the Statement of Financial Acti¥iliè5. Social Investments Any walised gains or105ses on any prograrne rdaied Investment assets a￿ included in rowA5 of the Statement of Finanual Aclivitses IThe SOFAI All gains on other social inve$tfnenls, whether fealised or unrealised. a￿ included ln row B4 of the Statement of Financial Activbties Tanglbl fixedass•ts Depreciation has been provided at the fd10￿9ng rates in order to wmte off the assets to Ihwr anticipated residual value over their estimated useful lives. Free￿Id premises Freehold properly Fixtures and fittings CornKMJter equipm￿1 O % slraighl line 2 % on Cost and Includes larbcl not being desxeciated 25 % on reducing ba18nce and 20% on cost 33 on cost Accounting for capltsl grants and flxod assèt funds. Gifts of tsngible fixed 8ssets or grants of a eapital nature, given for the pjrwses ol acquiring specific assets to be fully ublised In the furtherance of the objects of the charity. are credited lo fixed asset funds after the donated asset has been received or surn5 have been properfy expended on the reslricled purpose. whe￿ the terms of the gift require the charity lo hold the asset on an c￿￿Ing basis for a specific purpose. then the fixed asset fund 50 created is categtsrised as a restricted fixed asset fund, and the relevant ￿$trICt10n3 a￿ noted in the fixed asset note 7 Where the ierms of the gift a￿ met On￿ the asset is acquired. so allowng the charity to use thè asset on an unrestricted b8S1s. in¢lu¢Jing the nghl lo receive the Proceeds of any future sale or the asset on an unrestricted basis. ttten the fixed asset fund so created is calegonsed as a tyesignated fixed ssset fund When assets are acquI￿d for the furtherance of the ch8rilWs objects, utilising the charity'5 own unreslrieted funds. a transfer 1$ made from unre5tfiCted funds to a designated fixed asset fund. Whether acquired with unrestrrled or ￿trIcted funcls. the asset acquired is initrdlly yhovm in the balan￿ sheet at the full cosl of acquisition or subsequènt revaluafr'on. As the related assets are ¢ye￿¢181e(l. in accordance ￿th deprecialion pOl￿y,1n order to reflect t￿ cjimunition in the ssel.8 transfer is made from the relevant fixed assel funds lo either unrestricted or restricted revenue funds. as appropnate to the terms of the onginal gift. if any. The effect ol this policy 15 that the aggregate of all fixed asset funds shall equate lo tre nel bcKJk value of fix￿ assets. In the first year that this pdicy w8s adopted. a transfer to fixed asset funds was made equivalent lo the net took value of the 35sels. Any residual lia￿.111Y to Ihe donor arising from, for example, the asset's future sale. is disclosed as a conbngenl liability unless the event that would trigger repayment of the grant becomes probable in thich case a liabil￿tY for repayment Ss re￿nised Insofar as this rolicy relates to Governrnenl grant5 ar¥J to the extent that it may be a departure from the FRS 102 SORP Istaternent of Recommended Praciice Acccwnting and Reporting by Chariliesl 2015. ias amended by the Bulletin issued In October 2018 and applicable to all accounting periods beginning w or after 1st January 20191, (The SORPI. such departure Is justified on the basis that it 15 in order lo comply wlh the SORP. 29

Peepul Centre Notes to the Accounts for the year ended 31 December 2023 stocks and WO￿ in progress Stock is valuecl al the lower of cost and nel realisab4e value. Debtors Detilors are measured at their ￿coVerable amounts ai the balance sheet date Flnancial Instruments includlng cash and bank balance5 Cash held by the charity is Included at the amount actually held and counted at the year end. Bank balances. whether in ¢r&dit or overdrawn, are Sho¥￿ at the amounts sxoperly re¢on¢ile(I to the bank statements. Leaslng and hirè purchase contracts and commitments Assets ￿ld under finan￿ lease$ and hire purchase ¢ontr8Cts. which are ihose ¥￿ere substantially all the risks and rewards of ownership of the asset have passed to the chanty, are capilali5ed in the balance sheet and depreciated over Ih*r useful lives The corresponding lease or hire purchase obligation Is I￿ated In the balance sheet as a liability The interest e18rnent of the rental obligations is charged tg the profit and loss a¢counl over the perio¢J of the lease and represents a constant proportion of ltte balance of Caprtal repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease temi. 2 Liability to tsxation The Trustees consider th8t the charity satisfies the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation lax purKwes. Accorclingly, the Charity is potentially exempt from tsxalion in iespecl of income or rapit81 gains received wlhin categories covere£l by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent thai such Income or gains are applied exclusively On the specific charitable objects of the charity and foi no other purpose. Value Added Tax is recO￿rat￿e ty the ¢harily, and is therefore not included in the reèvant costs in the Slalemenl of Finanoal Acbvities. 3 Winding up or dissolution of the charlty If upon winding up or dissolution of the cttarrty there ￿Main any assets. after the 53tisfaction of all debt5 and liabilities. thè assets represented by the %cumulated fund shall be transferred to some other charitable b￿Y or tmxjies having similar objects lo the ch8rily 4 Net surplus bgfore tsx in the financlal year 2023 2022 Thè net surplus before tax in the financial year is ststed after charging'_ Oeprecialion of ovmed fixed assets Auditors, reMUnerat￿)n 83,989 7,500 85.512 5.000 30

Peepul Centre Notes to the Accounts for the year ended 31 December 2023 s staff costs and emoluments Solary costs 2023 202Z Gross Salaries exduding trustees and key management personnel 83,090 70.632 Empbyerfs contribjtion lo State benefit pensi￿ 5¢hemes 1,075 919 Total salarles, wa9es and related costs 84,165 71,551 Numbers of full time employe•s orfull tlme equlvalents 2023 2022 The average number of lolal stsff ernployed in the yearwas Charitable activrties The estimated full fime equivalent number of allstaff employed as above 6 Remuneratlon and payments to Trustees and persons connected with them No trustees rec￿ved any rem(tneration frorn the charity but they did in rdation to the connected parties and entity 85 follows. Anil Bhanot as Managing Director of Peepul Enterprises Ltd of £35.689120L- e46.0891 and F*nsion conlnbulion5 of £883 12022- £1,195).. £nil from Peepul Cèntre as a Trustee. Dr Sanlosh Bhanot is a swjuse of Anil Bhanot of £14,01412022- £7.4321, wlh pensi￿ Contribut￿￿5 £23312022- enill and as a D1￿CtOr of Peepul Enterprises Ltd of £5.83912022- £nill Dr Sanlosh Bhanol mileage claim was £3.804 forweekly travel Io Tun the rnentsl health Crisis Cafe al PeepLS1 Centre and develop the Health divi50n as Head of Peepul Health. Hashmukh Pankhan￿8 earned from Peepul Enterprises Ltd £7.69412022- £4171. The parent chanty the Ethnic Inclusion Foundabon IEIFI, a sociaj enterprise charity. funds the defrcil gap ai Peepul Enterprise5 Ltd IPELI.also a so¢ial enterprise, and PEL al￿9 with this Peepul Cenlrè (PCI charity is conscAidatèJ in the ultimate holding charity EIF accounts. 31

Peepul Centre Notes to the Accounts for the year ended 310ecember 2023 7 Tangible flxed assets Current Year Land and Buildln99 Plant & Machlnery Motor Vehlcles Total Cost Al 1 January 2023 3,9￿.876 418.B32 4.375.708 At 31 December 2023 3,956.876 418,832 4,375,708 Depreclatlon At 1 January 2023 Charge for the year 728.294 79.418 400.549 4.571 1.126,843 83.989 At 31 December 2023 805.712 40S.120 1,210.832 Net book value At 31 December 2023 3,151,164 13.712 3,164.876 At 31 December 2022 3.230.582 18,283 3,248,865 8 Revaluation reserve Revaluation of the Peepul Centre property was done on 10 October 2019 by a nsk 85sess¢x, ¥thich the Directors accept at J existing use b8s1s RevaluatK)n reserve 3r05e on the investment property part of tre Peepul Centre on 31 De￿mber 2022 < hich Is not subject to depreciabon. 9 InV￿trnents held as fixed assets Investments in subsidiarles Other Cla$$e¥ of Investment Liste(I inv•stm¥nts Total Carrylng values ol investments At 1 January 2023 1,fl)O.OOQ 1.100,001 At 31 December 2023 1,100,000 1,100,001 Analys1$ between lalr value and historical cost Investments as above held at fair value 1,100.000 1,100.001 Analysls of Other classes of Inv•stment Included at Includod at falrvaluo cosL less wrfte dovm Total Summary of other Classes of investmtnts at 31 Dec•mbe¥ 2023 Cash or cash equlva￿nts 1,100,000 1.100,000 32

Peepul Centre Notes to the Accounts for the year ended 31 December 2023 10 Debtors 2023 2022 Trade debtors Amounts owed by group undertakings and undertakings in which the charity has a participating Interest Other debtors 3,932 6.317 493,379 549 3,932 500,245 11 Creditors: amounts falling due within one year 2023 2022 Bank loans and overdrafts Trade creditors Accruals Amounts fftLI to groJp undertakings ancl undertakings in vthich the ch8rily has participating Inleresl PAYE. NIC VAT and other laxe5 Other creditors 2.001 10.500 10.5CQ 4.358 6.918 20.507 33,873 21.776 12 Revaluation reserve Curret)t yoar Llnre$wki•d Funds Cvff$nl year Restricted Fund$ Current year Total Funds Prior Year Tot81 Funds Curyent year 2r123 2023 2023 2022 At 1 January 2023 806,000 806,000 806,000 At 31 December 2023 806,000 806.000 806,0 All the ￿ValuatIOnS in the prnr year unrestricted. Prior Year Urb¥e$tii¢ted Funds PriorY￿r Ro8trictod Funds Prior Year Totsi Funds Prioryear 2022 2022 2022 At start of previous year 806.000 806.000 At end of previous y￿r 806,000 806,000 13 Income and Expenditure account summary 2023 2022 At l Janvary 2023 Tr8n5fers in for the year Prior year adjustments At 1 January 2023 Surplus after tax for the year 3.984.641 1648.8141 4,137,147 3.335,827 1.774 4.137,147 1152,5(bl At 31 Dec8mb•r 2023 3,337,601 3.984.641 33

Peepul Centre Notes to the Accounts for the year ended 31 December 2023 14 Related party iransactions The Charitable company has taken advantage of exemption. under the terms of Financial Reporting Standard 102 @The Fin8nci81 Reporting Standard applicable in the Uk and Republic of Ireland,, nol lo disclose related party Iiansactions whith wholly owned subsidiaries wilh£n the group. Trustee and grpup Chairman, A Bhanol Is a director and shareholder of Online Accountancy Services Ltd which provides book-keeping and accountancy services to the charity and ils subsKliary The book-keeping fee charged lo the Peepul Centre charity is £Nil an¢J lo ils subsidairy Peepul Enterprises Ltd rt 15 charged in the sum of £24,000 for the year {2022 - £24,000). Statutory Accountancy fee of £3.OOQ12022 - £3.(X)01 and £4,0001£2022- £4,000) is charged lo Peepul Centre Charity and Peepul Enterprises Ltd, fespectivety The parent chanly EIF gave a g¥anl of £60,000 lo Peepul Cenlre and advanced a loan of £448,105 to Peepul Enterprises Ltd. These balances represent cash flow reqijiremenls wrthin the group. In addition, Peepul Enterprises Ltd owes the Ethnic Inclusion Ltd a sum of £167,1X)g al Ihe end ol the year on inlercompany accovnl. 15 Particulars of how particular funds are representgd by assets and liabilitles At 31 Dee•mber 2023 Unrestricted Designated rvnds Restricte Tglal funds funds Funds Tangible F￿ed Assets Investment5 al valuation.- Fiked asset investments Current Assets Current Liabilities 3,164,878 3.164,876 1.100,001 114,6751 133.8731 1,100,001 4,673 133,8731 19,348 4,216.329 19.348 4.235.677 At 1 January 2023 Unre$triCtsd Do8191)Ated fund$ Restri¢t8d Totsi furbds funds Fund5 Tangible Fixed Assets Investments al valuation'.- Fixed asset inveslmeTrtS cUr￿0t Assets Current LI3￿1111eS 3,248.865 3,248,865 1.100,001 529.379 121.7791 1.100,001 555,628 121.7791 26,249 4.856,466 26.249 4.882.71S

Peepul Centre Noles to the Accounts for the year ended 31 December 2023 16 Change in total funds over the year as shown In Notg 1 S, analysed by individual funds Funds brought Movement In forward Irom funds in 2023 Translors between lunds in 2023 Funds carried fomord 10 2024 2022 See Note 18 Seè Not8 0 Unrestrlcted and desIgna￿d f4Jnds.'. Unrestricted Revenue FuThYs lJnreslricled Revaluation Reserve 4,050.467 806.000 8.676 1648,8141 3,410,329 806.000 Totsl unrestrlcled and designated funds 4,856,467 8,676 1648,814 4,216.329 Rèstricted funds... Health and Wellbeing sessions 11.573 115.6421 14,0691 Wages 111.5501 111,5501 Cnsis Caré 20.291 20,291 Total r•stricted funds 11,573 16.90f I 4,672 Total charity funds 4.868,040 1,775 648.814 4.221.001 18 Analysis of movements in funds over the year as shown in Note 16 Other ncomp Expenditure Galns & Movement Losses In lunds 2023 2023 2023 2023 Unreslrl¢¢edand dèsignated funds... Unrestrictecl Revenue Funds 228.753 1218,0771 8.676 Restric¢ed lunds.'_ Heallh and Wellbeing sessions Wages Crisis Café 125,8421 111.5501 115.6421 111,5501 20,291 1,775 20,291 247,044 1245.269 3S

Peepul Centre Notes to the Accounts for the year ended 31 December 2023 19 Ultimate controlling party The charity Is under Ihe control of its legal membe The cornpany's uttimale holding company is The Ethnic Inclusion Foundation IEIFI. Ils company number is 03758674 8nd ils charity regislralion number is 1077002. The registered address of the company and the parent is 126-128 Uxbridge Road, London. W13 8QS. EIF'S pinciple purpose and aclivilies are charilabk and in Darticular, 36

Peepul Centre Detailed analysis of income and expenditure for the year endod 31 December 2023 as requirad by the SORP 2015 This analysis is classsified by conventlonal nominal dgscripfions and not bya¢iivlty. 20 Grant5 e¢JNenl yeir Llnrestricted Funds Current year Rt8tii¢1od Fuods Cur¢•nt yoar Total Funds Pibor Year Total Funds 2Q23 2023 2023 2022 Chantsble Act￿￿tieS 2.323 2,323 1.270 ACE- Inspir8te Furlding 2.985 2.985 Crisis Café 20.291 20.291 27,055 JubiÈe Celebratic 10,247 Sports Grants 3,000 FurfcAJgh Grants 21.981 Arts coLj￿11 Funding 26,865 26.865 Arts Mela 275 275 Total public sector revenue grants 32,448 20,291 52,739 63,553 Covid - 19 grants current year unrestrictett Funds Curr•nt year estricreo Funds Curroni year Total Funds Prior Yèar Tolal Funds 2023 2023 202J 2022 Covld- 19 grants Cowd- 19 grants 6.000 Totsl CovkJ- 19 grants 6,OOD 37

Peepul Centre Oetailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015 Covld- 19 grants- Prlor Year analysls Prior Year Unr•strl¢ied Fund$ Prior Year Resiricied Funds Prior Year To¢o1 Funds 2Q22 2022 2022 Pdor Year 6.000 6.000 Ethinic Inclusion Foundation Grants Current yer Curront yoar Current yoar Total Fund$ Prior Year Total Funds Unr08tri¢t Fvnds RStri¢￿d Funrts 2023 2023 2023 2022 Ethlnlc Inclusion Foundation- Grants Ethinic Indusion Foundation- Grant5 60,000 Totsl Ethlnlc Incluslon Foundatlon Grants 60,000 60,000 Totsl Grants Totsl Grants Al 92.448 20.291 112.739 69.S53 21 Investment incomg Current year Unrestrlcifd Funds Cuiront yoai Restrlcied Funds Curnent year Total Funds Prior Year Total Funds 2023 2023 2023 2022 Property Rental Income Bank Interest Receivable 134.305 134.30$ 110,857 Totsl Investment Income 134,305 134,305 111,153 38

Peepul Centre Detailed analysis of Trncome and expenditure for the year ¢nd•d 31 December 2023 as requlfed by tho SORP 2015 22 Expenditurè on charitable activitie5- Direct spending Ctsrren¢ year Unreslrtcted Funds Current year Re51ri¢ted Fund8 Current year Prior Y•ar Total Funds Total Fun¢Js Current Year 2023 2023 2023 2022 Gross wages and salaries- charitable aclivities Defined benefit pension costs - charitable aclivilies Heallh anLI Wellbeing Theater cost 71.540 11.550 83,090 70,632 1,075 1,075 919 15,642 15,642 36.868 15,482 49.489 26,888 Totsl direct spending B2a 109.483 27,192 136.675 136,S22 23 Support ¢o$ts for charitable activities Current year Uthr•$tri¢i8d Fund$ Curront year Restricted Funds Currènt year Total Funds Prior Year Totsi FvDds Current Year 2023 2023 2023 2022 Administrative overheads Travel expenses Olher expenses 7.402 7S0 7,402 750 491 Professional fees paid to advisors other than the auditor Dr examiner AccoEJntancy fees olher than examination or audit lees 5,500 5,500 5,500 Finan¢lal Costs Bank charges Deprecialion & Amortisation In lolal 285 83.989 285 83,989 571 85.S12 Support costs before reallo¢at40n 97.926 97,926 92.074 To non charitable Costs 197.9261 197,9281 192,0741 Total 5UPPOrt costs- Current Year The basis of allocafr'on of costs between actiwties 1$ described undèr accounting policies 192.0741 Adminlstrative overheads The basis of allt)C3tK)n of costs between actsvilies is described undera￿oUnting pc4rJe5 39

Peepul Centre Detailed analysis of in¢omo and expenditure for the year ended 31 De¢gmbgr 2023 a$ r8quird by thg SORP 2015 24 Other Expenditure - Govornance costs Curfenl year Unrestricted Fund5 Current yHr Restri¢ied Funds Current year Total Fund$ Prior Year Total FU￿￿$ Current Year 2023 2023 2023 2022 Auditors fees 7,500 7,SiMI 5.000 Total Govemance costs 7,500 7,500 5,000 All t1￿ expenditure in the prior year was unrestricted. 2$ Totsl Charitsbl oxp¢nditur¢ CurTO1 year Unr•8iri¢t8d Fund$ Currot yoar RostriCt*d Fund$ 2023 Curroni ygar Prior Year Total Funds Total Funds Current Year 2023 2023 2022 Tolal direct spending Tolal support costs Total Governance costs B2a B2d 820 109,483 27,192 136,676 136,522 7,500 7,500 s,o(wJ Total charbtable expenditure B2 116.983 27,t92 144,175 141,S22 All the expenditure In the prior yearwas unrestricted Prior Yoar UnrestsKted Funds Prk>r Year Restricted Funds Prfor Y•ar Total Fund Prior Year 2022 2022 2022 Total direct spending Total support costs Total Governance costs B2a 82d 82e 136,522 136,522 5,000 5.000 Total charitable expenditure B2 141,S22 141,522 26 Expendltur• on rai$lng lund$ and ¢o$ts of Inv•$tm•nt manag•mgnt Cuvreni yoar Unre5trf¢ted Funds Cuttent yoar Restricted Funds Curreni year Total Furb Pfsor Year Total Funds Current Year 2023 2023 2023 2022 Jusl giving charges Consurtency Management d)arges 165 3,003 3,003 8(Kl 6,661 Total lundraisin9 costs B1 3,168 3,168 7.541 All the expenditure in the pnor year was Un￿strIcted. Total other gxpgndltur B3 92.074 92.074 40

Peepul Centre Activlty analysis of Income and expenditure for the for the year ended 31 December 2023 This analysis is classsified by activity and not by conventional nominal descriptions. 27 Analysis of income by activity SOFA ref 2023 2022 Activlty Summary of Total Income, including the items above Donations & Legacies Investment income A1 A4 112,739 134,305 69,553 111,153 Totsl incomo a5 shown in the SOFA 247,044 180,706 Categories of income Income from exchange transactions 247,044 180,706 28 Analysis of charitsble expenditure by activity Activity Dire¢t costs Support costs Grant funding of activities 2023 Total Total 2023 2023 2023 2022 Prlmary purpose and ancillary trading1 Direct costs 36,854 36,854 81,505 3,250 84,274 86,952 50,061 3,0(M) 85,787 Adminislralive overheads 81,505 3.250 84,274 Professional fees Financial costs Total Prlmary purpose and ancillary trading1 36,854 169.029 205,883 225,800 Summary of charitsble costs by actlvity Direct costs Support costs Grant funding of activities 2023 Total Total 2023 2023 2023 2022 Totsl Primary purpose and ancillary Iradir Total Governance costs as detailed in Note 24 36,854 169,029 231,037 228,596 7,500 7,500 s,0 ToLIl charltable expenditure 36,854 176,529 238,537 141,522 41

Peepul Centre Activity analysis of Income and expenditure for the for the year ended 31 Decernber 2023 The basis of allocation of costs be￿een activities is described under accounting policies The breakdown of this expenditure by type of spending lie nominal clas5rfiealionl Is delailed in note 25 Analysis of support and governanee costs by charitable activities Governance Finance Human Other Resources Overheads Total Activity Charitable activity 1 Piimary purpose and ancillary trading1 7.500 7,500 169,029 84.274 84.755 Grand Total 7,500 84.274 84,755 176,529 29 Analysis of non charitable expenditure by activity Activity Fundraising activities Fundraising Fundraising activities activities 2023 2022 Direct fundraising costs 3,168 7,541 Governance costs Governance costs Governance costs 2023 2022 Other Expenditure- Governance costs as detailed in Note 24 7,500 s,000 Total non charitable expenditure 2023 2022 Total costs of Fundraising activities 3,168 7,541 Total non charltable expendlture 3,168 7,541 The breakdown of this expenditure by type of spending lie by nominal elassifiealion and by fund) is detsiled in note O 42