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 0116 2616000
Email Address enqltiries@peepulenterprise.com
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 t*en 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 m*xbers, 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 aLk*l 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￿￿ yèartr*n 4ndtd'.
Avt been properly prepared in acc4Jrdance with Unltoj Krydom Gemrally AcGgpknJ k*ounting 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¢ Str*9￿ Rgpry¢ br lh¢ frf¥￿•1 yearfor whth Ihe f￿￿?1
$18tements •re preppr¢d IB corffji¥Mwth the fin8ncig1 statsments.
Matt•r• on whi¢h wo am tsquir•d to report by exc•ption
We hsvE Mthino to in respect olthe fo1￿1n9 m8tters where Ihg Crmpanos A¢t 2006 r•q(4r¢6 u• to report to youll, In c4
opiniorL
ad￿￿3t? xcow)ting rgoyds notbgpn kw. or r8bms a(*qu*e fc( audit ha¥* I￿1 b•on rKdv•d from
branthes not vigled by us,. or
the actwnts pre not in aweement wth Ihe rec4Jrd5 arrtl returm.. tx
rethln dI$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, otr*rthan 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$ation
Fundraising costs
Governance costs
52.687
83,989
3,168
7,500
97.926
51.011
85,512
7,541
5,000
Other expenditure
184.148
Total oxpendtture In the year
245,270
333,212
Net Income bolore tsx in the financial year
1.774
1152,506
Tax on SUr￿u5 on oidinary acaivities
Nèt iTh¢ome after tax in the ffinanclal year
1.774
1152.5061
R*tsin¢d surplus for th? financlal year
1,774
1162,606
All activities derive from continuing operations
In acu*dan¢ewith the provisions of the COrnpan￿$ 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$. Gcx)ds donated for resale are irtludett in Income Irom other Iradin9 activities,
The cost of any stock ol goods donated for distribution to beneficiaries is deemed to the fair value of those gifts at the
lime of their receipl If the goods held are lo be distributed freely or for a nominal consideraliN. then the carrying 8rnount
is subsequenuy acljusled lo refle¢t the10%4Er of deemed Cost adiusle¢ for any loss of service potential and repl3￿ment
cost. Replacement cosl Is the ettsnomic cost Incurred if the charity was to replace the setvice potential of the donated
goods at ils ok*n expense in the most economic manner
Donat￿ sèrvice5 and facilities Iincluding seconded staff and use of propetyl Bre Ind￿led in the accounts on the basi$
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 ye*r
Curront yoar
Current yoar
Total Fund$
Prior Year
Total Funds
Unr08tri¢t
Fvnds
R*Stri¢￿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$ r8quir*d 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¢
CurTO*1 year
Unr•8iri¢t8d
Fund$
Curro*t 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