2024-12-31-accounts

Company Regislration Number- 03964213 The Charity Registration Number is 1092389 Peepul Centre Report and Accounts 31 December 2024

Peepul Centre Report and accounts for the year ended 31 December 2024 Contents Page Charity information Truslees. Annual Report Statement of dlre¢tors' responslbllltles Independent auditor's report 10 Funds Statements... Statement of Financial Activities 12 Statement of Financial Activities - Prior Year statement Slalement of tot81 recognised gains and losses Movements in funds 13 13 14 Revaluation reserves 14 Revenue Funds 15 Fixed Asset funds IS Income and Expenditure account Summary of funds 16 16 Balance sheet 17 Cash flow statement 18 Notes to the accounts 19

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 The Trustees present their Report and Accounts for the year ended 31 December 2024, 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 known by its operating name, Peepul Centre. The charlty s areas operation and UK charitable registration. The charity is registered in England & Wales with the Charity Commission in England & Wales ICCEW) with charity number 1092389. The charity does not operate in any overseas jurisdictions. Logal structure of the charlty The charity is consliluled 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 restrictions in the governing documents on Ihe operation of the Charity Of on its investment powers other than those imposed by Charity Law. By operation of law all, Injslees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities. as such, under l)oth company and chanty legislation.

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 The principal operating address. telephone number, email and web addrèsses of the charty are:. 7 Orchardson Avenue Leicester. LE4 6DP Telephone [phone] Email Address enquiries@peepulenlerpr¢s8.com Web address www.peepulcenlre.org.uk The registered office of Ihe charity for Companies Act purposes is".- 126-128 Uxbridge Road London. , W13 8QS The following person5 serv¢d as Trustees durlng the year ended 31 D&cernbgr 2024 :. The trustees who seNed as a Iruslee in the ret)orting period were as shown below, and there were no changes during the year, or in the period be￿een the year end and the approval of the accounts. Mr A Bhanot Mr S Syan Mr H Pankhania Resigned 04.02.25 Mr Niraj Singh Appointed 23.10.24 and Resigned 16.12.24 Mr Kanlhiraj Thiyagarajah Appointed 06 February 2025 The parent charity the Ethnic Inclusion Foundation representatives are the members of the charity lo protect the parent charills investment in the property the Peepul Cenlre. All trustees retire every three years and if eligible are re-elected at the annual general meeting. All trustees including non*members have equal votinng rights on the operabons of the charity. The trustees are all individuals. Objects and activities of the charity The purposes of the charity as set out in its govemlng document. The main objectives of the Charity are to promote charitable purposes and in particular, to advance education and vocational Iraining, protect health, relieve poverty, sickness and distress, relieving unemployment, providing recreation and leisure facilities and increasing performing arts partiGipalion in the interesls of social welfare and development.

Peepul Centre Company Registration Number- 03964213 Trustees, Annual Report for the year ended 31 December 2024 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 NHS and other Trusts, and wilh a limited success from ACE, and a grant also from the parent business charily EIF. Peepul Centre's Health Department runs a Mental Health Neighbourhood Crisis Cafe, in partnership wth the NHS. during the year which has be8n a success story of making a positive health and wellbeing impact on the local community. In addition, the Peepul Centre charity provides space for various charitable groups like women's groups, coffee mornings for community groups, small fund-raising activities for other caus8s like can￿r 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 staled objectives and are satisfied that all of these activities staled above are being delivered for the public benefit. As a result of these aclivities a number of community organisalions 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 due regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 The short terni and longer term aims and objectives. Peepul Centre's short term and long term aims are lo develop its Health programme in partnership with the NHS and its arts programmes in partnership with the Arts Council England (ACE). As reported in the 2023 Accounts SORP the PC continues to be sidelined by ACE whilst ACE funds other mainstream theatres in Leicester by £mn's. Although during 2024 our ACE outreach Officer helped us against what we see as a discriminatory policy by the ACE East Midlands Nottingham Office under the lead director, that Outreach Officer also stopped communicating us in 2025. We have now filed a legal complaint against ACE for discriminating against the Peepul Centre and the socially deprived ethnic communities of the Belgrave area in Leicester the Centre serves. The NHS partnership for health projects is working very positively and the Peepul Centre is set to be community hub for community health interventions in the medium term. The charity's strategies for achieving its aims and objectives in the future. Peepul Centre Health Department is developing a much greater network of some highly placed health professionals, the local Council's health officers, the Leicester Health partnership networks and now does two or three Health conferences a year al the Centre which are fully subscribed. There is an inGreasing activity for the community on health and wellbeing matters at the Centre. With the South Asian Culture and Arts we are continuing to do our programmes to build evidence for our long desired ACE relationship. We believe only when ACE is on board with us we will be able to develop the British Asian arts with UK artists, an oppotunity ACE continues to deny our Belgrave Leicester based ethnic communities.

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 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 Nottingham Office being unkind to us on funding. On Health the Mental Health Neighborhood Crisis cafe has gone from strength to strength and the NHS has earmarked funding for four years for its conlinualion. Our community Mela on SoLrth Asian Arts and wellbeing was a resounding success. wlh large participation from local community businesses. Resources used in the activities undertaken durlng the year. The Ethnic Inclusion Foundation, the parent business Charity, continued to support the Peepul Centre activities. NHS partnership with the Peepul Health have kindly provided funds lo 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 the Peepul Mela and our Enchanted Diwali Tree Play for children Grant making policies and how thes& contributed to the achfjevement of the charity's aims and objectlves during the year. Peepul Centre Charity is a large community arts and leisure ￿ntre with substantial overheads. Concerted efforts are being made to apply for public funding for projects.

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 The main achievements and performance of the charity during the year. The Peepul Mela for South Asian Arts and wellbeing was a resounding sucGess with the community. It goes from strength to sttrengih every year, in spite of ACE refusing funding in 2025 we had over 3,000 visilors on the day. Our Enchanted Diwali Tr8e production goes from strength to strength every year. The Crisis Cafe project wilh the NHS partnership is forming a solid health basis at Ihe Peepul Cenlre. The difference the charity's performance during the year has made to the beneficiaries of the charity. Several community groups continued to benefit from the free use of the Centre. These gfOUPS are women's educational and empowerrneni groups, art-groups. disabled sports groups and other charity organisations who hire rooms at nominal rates. Peepul Centre charity provides facilites for sports and filness, children's nursery, performing arts and rental of space to other community based Charities al very reasonable rates. The Mental Health Crisis Cafe was successful in giving relief lo several patients sufferring at the edge of life and signposting them to get the right treatments. The degree to which the achlevements and perfonnance during the year have benefited wider society. All Ihe services outlined above are for the benefit and resilience of the communities in the area and it is important to acknowledge that the Centre now is never short of a footfall, il has grown to be well used and widely. The constrainl remains in the theatre under-utilisalion for a lack of properly funded arts projects. Peepul Health is growing stronger every year. thanks to the hard working staff and management with financial support from the parenl buisness charity EIF and other funding from NHS and other small community Trusts.

Peepul Centre Company Registration Number- 03964213 Trustees, Annual Report for the year ended 31 December 2024 The significant charitable activities undertaken in the year. Significant activities during the year was the Peepul Mela and the Mental Health Crisis Cafe impacling individuals at the edge of life. Peepul Health runs professional menlal health conferences usually ov8rsubsGribed by the community and professionals The perforniance 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 monitore(J closely due lo 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 Trustees for the purpose of charity law. The Trustees of Peepul Centre are approved by the Charity's ultimate controlling parent undertaking, the Ethnic Inclusion Foundation (EIF). The Charity is a social enterprise as is its parent EIF. The Chairman is a Truste& appointed as Managing Director lo run the business of EIF which funds the deficits at the PC and its subsidiary arm of Peepul Entrprises Ltd (PEL). The group is run as a business in order lo maximise surpluses for a charitable benefit to the public, and equally to minimise any trading risk for the directors who can be 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 to be spent for the maximum benefit of the public beneficiaries. The Charity advertises firsl for new Trustees and then through a short list mechanism invites them for inlerview lo assess their skill and input to the Charity before appointment.

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 The policies and procedures for the induction and training of trustees. The Trustees are generally senior skilled professionals who have experience of running other charities and the specialist business, legal and community relations skills needed to run this group. Governance induction is given at the start and any issues ar6 discussed at Board meetings on an ongoing basis. The charity's organisational structure. The articles provide for a minimum of three Trust8es with no maximum limit. The Trustees meet on a regular basis and are responsible for the overall policy for running the charity and advising on all matters relating to staffing, finance and development. How the charity makes decisions and how decisions are delegated. The Board has delegated the authority to run the Charity to its Director and Head of Health Dr Santosh Bhanot who is also a Trustee of EIF and thus knows the cashflow constraints lo be managed well with alignment by the Chairman Anil Bhanot. All 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 Management Team ISMT) meetings regularly at the operating premises in Leicesler, which are run by the Director and Head of Health, Dr Sanlosh Bhanol, covering PC and PEL business and charitsble activities. The Chief Executive Officer and other senior management personnel to whom day to day management is delegated The CEO of PC and PEL is the Director and Head of Health Dr Santosh Bhanot who runs the social enterprise charity with the help of senior and middle management team of the charity and is in charge of directing and controlling. running and operating the charity on a day to day basis with overall alignment with the Chairman. All Trustees give their time freely and no Trustee receives remuneralion in the year from the Charity Peepul Centre itself. The parent charity EIF funds the Charity and the management salaries. Peepul Centre the Charity is for the South Asian Arts, Culture and Wellbeing. Peepul Centre Ihe Charity itself has business income too, for which the CEO with her Management Team and the Chairman work hard so as to reduce the deficits of running this large Centre. Peepul Health division has seen a great success undèr th& leadership of the Director and Head of Peepul Health, Dr Santosh Bhanot, who has single-handedly developed working relations with local consullants and the NHS professionals.

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 Setting pay and remuneration of key management personnel Key Management personnel are". A. Peepul Centre (PC).. Trustees- Anil Bhanot (Chair), Surinder Syan, Kanthiraj Thiyagarajah Executive: Dr Santosh Bhanol the Director and Head of Peepul Health. Survkeet Plaha Financial Conlroller. They are supported by two middle mangemant staff, Ihe Mental Health Crisis Cafe staff, the theatre staff for the Arts, the front of house staff, the reslauranl staff, the operations staff and the Nursery staff all report to the CEO Dr Santosh Bhanot, but in alignment with the Chairman and Art Director Anil Bhanol. Other positions, like Manager of Cultural Programmer, of audience development cannot be funded from losses and ACE continues to disciminate against us to develop that Arts side. We all do double roles because of a lack of funding from public sources on arts. Management salaries are approved and funded by EIF. Due lo cashflow pressures and a lack of public body grants the Management and Staff work extra hard to make ends meel, and primarily because of Ihe lafge overheads of the Centre w8 have to continue to be funded by EIF. No DirectOr￿rUStee is remunerated from PC the Charity itself. How the subsidiary undertaking(s) islare constituted and managed. Peepul Centre, the Charity, has a 1000/0 subsidiary Social Enterprises Limited as its trading arm. Pe&pul Enterprises Ltd runs various activities like Childfren's Nursery, Gyms and Fitness, Sports Hall. Dance Studio, Venue Hire, and Conferences and Restaurant party bookings. Peepul Enterprises Lld is funded by EIF the ultimate parent charity and its figures are consolidated in the EIF accounts.

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 The charity as a part of a wider network. Peepul Centre Charity. for the South Asian Arts and Wellbeing, itself is 100 % owned by the Ethnic Inclusion Foundation based in London, which is the ultimate holding charity and is a social enterprise business itself. Both Charits'es are registered with the Charity Commission and are also Companies Limited by Guarantee at the Companies House. Thus EIF a social enterprise Charity raises its funds through its business activities and uses its surplus for charitable projects, where PCIPEL is one of its largest projects to help Ihe Leicester communities. The EIF Board under the group Chair Anil Bhanol has so far and annually given a commitmenl 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 to bé able lo support PCIPEL. The three companies are related in ownership but with a different Board on each and thus the relalionship can be constrained by each Board's independent decision process, but one where the Group Chair tries to keep the decisions complimentary. The charity's relationships with related parties. Online Accountancy Services Lld was owned by Anil Bhanot {Trustee of PC} until 1 March 2025, which provides accountancy ServI￿S to PC and PEL, and its now owned 99¥0 by Mani Thapa FCCA, a Director of Online Accountancy Services Ltd, and with its other staff they carry out the work on management accounts, payroll, book-keeping, HMRC, Companies House and Charity Commission Returns, providing timely information to the Chairman Anil Bhanot. The Charity employs at a very reasonable salary as Director and Head of Peepul Health. Dr Santosh Bhanot. who is also a Truslee and non-Executive Director of the parent Charity EIF for Health matters and is a spouse of Anil Bhanol. Santosh secured the NHS partnership for a Mental Wellbeing Crisis Cafe at Peepul Centre, which she runs hefself. Dr Bhanot spends 50 % of her time at the Peepul Centre and 50 % she works from home, thus hours worked well ex￿edIng 40 hoLJrs a week. The Charity employs a Financial Controller who is responsible for all bank transactions and reconciliations which segregates the accountsncy 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 % of his lime at the Head Office in London and the remainder 50% of his time is spent at the PCIPEL premises in Leicester for financial and other managemènt responsibilites. The Head Office for the Charity is shared with Online Accountancy premises in London owned by Anil Bhanot for which no renl is charged to Ihe Charities group. The Trustees and the Management Teams meet at the Head Office as well as at the PC premises in Leicester. Mr Bhanol is based al the Head Office, largely. from where he chairs Ihe group, through constant communicalions with staff, together with CCTV facilities and other electronic facilities, but conducts weekly face to face meetings with staff and other stakeholders at tha Peepul Centre operating premises in Leicester. 10

Peepul Centre Company Registration Number- 03964213 Trustees, Annual Report for the year ended 31 December 2024 Financial review The charity's financial position at the end of the year ended 31 December 2024 The financial position of the charity at 31 De￿rnber 2024 and comparatives for the prior peri¢xl, as more fully detailed in the aGcounls, can be summaris&d as follows.'- 2024 2023 Not Income 111.3001 1647.0391 Unreslricled Revenue Funds available for the general purposes of the charity Unrestricted revaluation reserve Total Unrestricted Funds 3.395,657 3.410,329 806,000 4.201,657 806,000 4.216,329 Reslricled Revenue Funds 22.721 19,348 Total Funds 4,224,377 4,235,677 Financial review of the position at the reporting date, 31 December 2024 . The Financial Statement of Activities shows a net deficit for Ihe year ended 31 December 2024 of £11,300,. 2023- £(647,039 after PYA). Total Income for the year was £249.688, {2023 - £247,044). This included rents re￿iVed for the year ended 31 December 2024 of £167.934 (2023- £134,305). and a grant from EIF of £13,000 in the year 2024, 2023 £60,000). Total expenditure for the year was £270.197 (2023 - £245,269).

Peepul Centre Company Registration Number- 03964213 Trustees, Annual Report for the year ended 31 December 2024 Policies on reserves. As at 31 December 2024 the group had total reserves of £4,216,35212023- £4.216,329>. and £8,025 of which was held in restricted funds (2023- £19,348}. Unrestricted funds includes £806,000 {2023 - £806,000) held in a fair value reserve which arose on the valuation of a proportion of the propety 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 it due to the large overheads the Centre stjffers, primarily because of the theatre space's under-untilisalion due to laGk of funding from ACE. EIF has funded the Peepul Centre group's running costs deficits in the sum of £3,354,865 {2023 - £2,602,772), after acquiring it in 2012. Although EIF is burdened with funing large losses of the PCIPEL activties we have lodged a legal complianl against the ACE discrimination against on funding the Centre as until we are treated as equal lo other mainstream theatres EIF cannot be reasonably expected lo fund the Arts projects at PCIPEL. Going Concern The Trustees are of the opinion that with the continued support of the group's ultimate parent charity, the Ethnic Inclusion Foundation IEIF), the group's foreseeable future is secure. The Trustees of EIF are committed to supporting Peepul Centre and Peepul Enterprises Ltd for a period of at least 12 months from the date of approval of these financial stalements. The freehold property comprising the Peepul Centre is free of any mortgage charge but tho property was built in 2006 with the financial assistence of the Big Lottery, the Arts Council England and the Lei￿ster 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 (ACE} to help fund Peepul Centre's arls projects to create income generation activities and brin9 the Peepul Centre lo be able to compete on an even playing field with other local theatre NPO'S which are funded substantially by public money. The Truslees are saddened thal ACE dire¢tors disciminate againsl the PC and the ethnic community il serves and have had to find a solution now through legal channels. The Trustees expect the company to have adequate resources to continue operational existence for the foreseeable fulure. 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 The board of Irusees is satisfied that the charity's assets in each fund are available and adequate lo fulfil its obligations in resoect of each fund. 12

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 Significant events which have affected the flnancial perforniance and the financial position. All restricted funds are spent in line with the project as the 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 continued lo underwrite 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 the Charity faces is not being able to receive public funding for its arts projects as the theatre deficits are fast becoming unsustainable whilst other local theatre groups enjoy suslanlial public funds, which is right that they do, but Peepul Centre needs an even playing field to start working ils arts programmes and utilise the large space of the theatre efficiently. It is a purpose built theatre of 314 tiered seats serving an ethnically diverse and margenalised population in the Belgrave area of Lei￿ster ACE Nottingham Office ass8ssors as explained above - in our short terms note above - pose the greatest risk to the Centre's survival, in spite of other ACE Offi￿rS and their panel's positive assessments after the Nottingham Offits Assessors rejections for our projects. For instance one particular project rejected by the Nottingham office bul approved by the panel was our 2024 Mela. a highly successful event, comprising an arts and culture show, a highly professional and successful menlal 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 organisations over and above the Peepul Centre and the reasons are we believe an external influence to undermine us. However. the ACE does need to review ils diversity impacl from the Nottingham Offi￿ as we feel tolally discriminated against by the Nottingam office assessers, as evidenced by one of our projects having been rejected by them bul later gol approved by a wider panel, as mentioned above. Their assessors pose now the greatest daanger to the Peepul Centre survival. In all our previous accounts we have recorded the history of ACE treatment, of lows and highs, but our 2024 projects application's outright rejection by the Nottingham Offio assessors and their several rejections since 2009 have proved lo us their discrminant policy towards us. 13

Peepul Centre Company Registration Number- 03964213 Tru5tees' Annual Report for the year ended 31 December 2024 Factors likely to affect future financial performance . Peepul Centre's aims and objectives are to develop the theatre and performing arts, whilst also care for the wellbeing of the communities. The Peepul Health division under Dr Santosh Bhanot is developing fast with the NHS partnership and with Dr Bhanot's relationships with some highly qualified NHS professionals, consultants and doctors in the area, and now the Health organisations partnerships. The South Asian Arts programmes are being developed in the theatre which require future funding lo make any difference. The Chairman, a semiclassical music hobbyist, did his own his own cultural concerts in the year lo keep developing this audience and during 2023 and 2024 we invited other established classical artists lo perform classical cultural concerts, so as to help continue building a base for cultural events. We are grateful to ACE for funding our classical concert at the Peèpul 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 assesments. 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 lo the very high risk posed by the ACE Nottingham Offi￿ which now the Board has to periodically review that risk imacting the running of the Centre. Employment of disabled persons Peepvl Centre employs differently abled persons as can be seen from current and past records. equally and with special care as needed. 14

Peepul Centre Company Registration Number- 03964213 Trustees, Annual Report for the year ended 31 December 2024 Details of The Auditor Naren Desai FCA MBA - Senior Statutory Auditor Member of Chartered Accountan15 144-146 Kings Cross Road Registered Auditor Kings Cross London WC1X 9DU Statement as to disclosure of information to auditors The trustees state that so far as each of the trustees at the time this report was approved are aware:_ a) There is no relevant audit information {as defined by section 418(3) of the Companies Act 2006} ofwhich the auditors are unaware, and b) The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and establish that the auditors are aware of that information. Statement of the Directors Trustees. Responsibilities The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charilies {Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations.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 responsibility as requiring them to follow currenl best practi￿ and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 st January 2019), (The SORP), . In particular. the Companies Act 2006 and charity law require the Board of Trustees to prepare financial slalements for each financial year which give a true and fair view of the slate of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :. lo prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice {Uniled Kingdom Accounting Standards and applicable law). select suitable accounting policies and apply them consistently,. Make judgemenls and estimates Ihal are reasonable and prudent., prepare the financial slalements on the going concem basis unless it is inappropriate to presume that the charity will continue in business- state whether applicable accounting standards and statements of recommended practice have been followed. subject to any material departures disclosed and explained in the financial ststemenls,. 15

Peepul Centre Company Registration Number- 03964213 Trustees. Annual Report for the year ended 31 December 2024 The law requires that the trustees must not approve the accounts unless they afe satisfied that they give a true and fair view of the stale of affairs of the charity 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 al any time the financial position of the charity and which are sufficient to show and explain Ihe charity's transactions and enable them lo 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 irregularilies. The TrLSStees are also responsible for the contents of the Truslees, report, and the slatulory responsibility of the auditor in relation lo the Trustees. report is limited lo examining the report and ensuring that , the report is consistent with the figures disclosed in the financial ststements. Method of preparatlon of accounts - Small company provisions The financial statements are set out on pages 12 to 20. The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 st Januarv 2019). (The SORP). and in accordance with the Financial ReDOrtino Standard 102. These financial stslements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable lo companies subject to the small companies regime. This report was approved by the board of trustees on 10 September 2025. Anil Bhanot Director and Trustee 16

Peepul Centre Independent auditors, report to the members of Peepul Centre We have audited the financial statements of Peepul Centre lor the year ending 31 De¢ember 2024 which comprise the Income Sklemenl. the Statement of Finan¢ial Position, the Statement of Char￿S in Equity and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), induding FRS 102"The Firk9ncial Reportion Standard applicable in the UK and Republic of Ireland" This report is made solely lo the cofflpany's members. as a body. in accordance wlh Chapter 3 of Part 16 01 the Companies Acl 2006. Our audil work has been undertaken so that we might slate lo the company'5 members those matters we are reqUI￿d lo slate lo them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume fesponsibility lo anyone other than the company and the company's members as a body, for our audit work. for this report, or for the opinions we have formed. Respecllve responsibilities ot directors and auditors As explained more lully in the Slalemenl ol Dire¢tors' Reswnsibililies. the dire¢lors are responsible for the preparation of the ffnancial statements and for being satisfied that they give a true and fair view. Our responsitH'lity is lo audit and express an opinion on the financial statements in accordance with applicable law ar>d Inlemalional Standards on Audiiing (UK and Irelandl. Those standards require us io comply wth the Auditing Practices Board's Ethical Standards for Auditors. Scope of the audit of Ihe accounts A descripb'on ol the scope of an audit of financial slalemenls is provided on the APB'S website al www.fr¢.org.uklauditscopeukprivale Opinlon on the accounts In our opinton the accounts-. give a true and fair view of the state of the eompanys affairs at 31 December 2024 and of ils deficit for the year then ended.. have been properly prepared in accordan￿ wlh United Kingdom Generally A¢cepted Accounting Practice applicable to Smaller Enlilies., and have been prepared in accordance with the requirements of the Companies Act 2￿. Oplnion on other matters prescribed by the Companies Act 2006 In our opinion the infom)alion given in the Directors. Report and the Strategic Report for the financial year for which the financial ststements are prepared is consislenl with the financial statements. Matters on which we are requlr¢d to report by exception We have nothing lo report in respect of the following matters where the Companies Act 2006 requires us lo report to you if. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the accoltnts are not in agreement Mlh the accounting records and returns- or certain dis¢losures of dire¢lors' remuneration specified by law are not made., or we have not received 811 the infomiation and explanations we require for our audit: esai FCA MBA- Senior Slatutory Audrtor (Senior Statutory Auditor) for and on behalf of Andrew hAurray & Co Accountants and Statutory Audrtors 10 September 2025 144-146 Kings Cross Road Registered Auditor Kings Cross London WC1X 9DU

Peepul Centre- Statement of Financial Activities for the year ended 31 December 2024 Statement of FinanclalActlvlties (Including the Income and Expenditure Acccwnt ftir the year ended 31 December 2024. as requlred by the Companies Act 2006) SORP Cutrent y••r Unrestricted Fund$ Cwrent ygar Resiricted Funds Current year Total Fynd$ Prior Y￿¥ Total Funds 2024 2024 2024 2023 Incomè & Endowm¢ftt$ from: Grants Investment5 A1 A4 19.801 167.934 61.953 81.754 167,934 112,739 134.305 Total Trn¢orne 187,735 61,953 249,688 247,044 Expenditure on: Raising lurn1s charitab￿ activities Other 81 B2 B3 680 178,093 85.718 3.168 144.175 97,926 119.513 85.718 Total expendlture 20S,911 58.580 264.491 245.289 Net Income for the year 118.1761 3.373 114.8031 1,775 Prlor year adjustment 23.905 114.6961 9.209 1648,8141 N¢t in¢om0 •fter transf¢Ys A-B-C 5.729 111,3231 15,$941 1647,0391 Not movomont in funds 5,729 111.3231 {5.5941 1647,0391 Reconcillatlon of fu￿15-. T¢)tal funds brought forward 4,216,329 19,348 4,235,677 4.882.716 TraTrsfer carried f¢)rward Total thnds carr4ed forward 4,222,058 8,025 230.083 4.235,677 The SORP Ref indlcated above is the cL9ssification of income set out in the formal SORP d(Kumenis. As required by paragraph 4.60 Of Ihe SORP. the brought forward arx1 carried forward funds above hève been agreed to th8 BaL9nc8 Sheet. A separate Stst8ffienl of Total Re¢ognised Gain$ and Losses is not required a$ this statement inchjdes all r8cogn158d gains and lossès. All activities derive from ¢onlinuing operalbon$ The notes atta¢￿d on pagés 19 to 20 form an Integral part of these acc¢wnts. 18

Peepul Centre - Statement of Financial Activltles for the year ended 31 December 2024 Peeptsl CÈntre- Analysis of prior year total funds, as required by paragraph 4.2 of the SORP Piior Year SORP Rel Prlor Yo¥r Prtor Year Total FutyJ$ Urffe$tri¢t•d Funds Restr4cted Fund8 2023 2023 2023 n¢ome & Endowmeffts from.. Grants Charitable auiviti65 Other Iradin9 activi￿e8 Investments Other A1 92.448 20,291 112,739 A4 AS 134.305 134.305 Totsl Income 226.753 20.291 247.044 E3Kpendlturo on: Raisiry funds Bl B2 3.168 116.983 3.168 144,175 97,826 27.192 Other Tax on sury)lus on ordinary aclviU&s Other taxaiion B3 83 B3 97.926 Total •xp¢ndilure 218.077 27,192 245,269 Net gains on investments B4 Net IncoTh fortho year 8,676 I6,￿1) 1.775 Transfers between tUAds 1648.8141 1648,8141 Net income after transfers 1640,1381 16,9)11 1647,0391 Net movement in fvnds 1640,1381 16.9011 1647.0391 Reconclllatlon of fuhds=. Total fund5 brough¢ lohvard 4.856.467 26,249 4,88Z,716 Total fuhd$ ¢arrled forwa 4,216.329 19,348 4.235,677 All activltles dèrlv• from continulng 0￿ratIonS A separate Statement d Total Recognised Gain$ anLI Losses Is mt requi￿d as this stslerTrent includes all recognised gains a losses.. The note5 attached on pagès 19 to 20 fomi an integral part of these accounts. Peepul Centrg- Resources applied in Ihe year end6d 31 December 2024 towards fixed assets for Charity use:. 2024 2023 Funds generated in the year as de181￿d in Iho SOFA 111,30DI 1647,0391 Net resourc•$ avallable to fund charltablè activltles 11,300 647,039 19

Pggpul Centre- Statement of Financial Activities for the year ended 31 December 2024 The notes attached on pages 19 to 20 forrn an tnte9ral part of thèsè accounts. Movements in revenue and capital funds for the year ended 31 December 2024 Revenue accumulated funds Unro¥trl¢tod Funds 2024 Resl¥lcted Fund$ 2D24 Total Funds 2024 Last year Total Funds 2023 A￿UM￿￿e￿ fu￿$ brwght fomard 3.410.329 19.348 3.429.677 4.076.716 Recogniseil gains and losses befo￿ tran$fer$ 123.8821 3.373 120,5091 1.775 3,386,447 22,721 3,409,168 4,078,491 IFrom}￿O unrestricted revenue funds Pror Year adjustment 9.209 14.696 9.209 1648.8141 I14.￿) Closihg rgv•nu¢ fund$ 3,410,352 8,025 3,418,377 3,A29.677 Revaluation RÈs¢rvè Fund Unrestricted RestrSctod Funds Totsi Funds 2024 L•$t yèar Total FuTrJs 23 Fund$ 2024 2024 At 1 jan￿ary 806.000 806,000 806.CK)O At 31 D8cemb8r 806,000 806,000 806,000 Summary of funds Unrestrlcted Re51wicted Funds Tothi Funds La$1 Ye8r Tot41 FurKIs Oesign*•d lunds 2024 2024 2024 2023 Revenue accutnulated funds Revaluation reserve fund 3,410,￿2 806.WO 8,025 3,418.377 806,000 3.429.677 806.0 Total fvnds 4.216.352 8.025 4,224,377 4,235,677 Th• notès attached on pages 19 to 20 forni an integral part ol thtts¥ a¢e¢)unts. 20

Peepul Centre- Statement of Financial Activiti8s for the year ended 31 Decembei 2024 Peepul Centre Income and Expenditure Account for the year ended 31 December 2024 as required by the Companles Act 2006 2024 2023 I￿Ome I￿oMe from operat￿3 81.754 112.739 Inveslryienl income Income frorn investments, OltrEr th8n interest ￿CeIvab 167.934 134,305 Gross In¢om8 in the b¢fore exc8ptlonal i¢ern5 249,688 247.044 Gross In¢ome in tho year including 8xceptlonal ttgm5 249.688 247,044 Expendllurn charItab￿ expenditure, excl[￿rn9 depreCiat￿n arK1 am¢rtisalion Depreciation and amorti5ation Fundraising ¢05tS Govefflance cost$ 92,475 76,966 52.687 83,989 3.168 7.$00 7,500 Other expendit￿ Realised kxses on disposals of s￿181 investment$ which are prcgramme related 92.576 97,926 Total expènditure in the y¢•r 270,197 245,270 Net Income btrf•re tax In the frnan¢ial year 120.5091 1.774 Tax on surp￿$ on ordinary activities Net Income aft¢r tax In the fftt)ancial yeaf 120,5091 1.774 Reta5ned surplu5 for the flnancial year 20.509 1.774 All aclivilies derive from conlinuing operations In ac¢ordance with the provisions of the Companies Aci 2006, th& headings and subheadiros useo in the IrKome and Expenditure account have been adapted to reflect the sp8clal nature of Ihe charitys activities. Thè notts attached on page$ 19 to 20 form an integral part of thèse accounts. 21

Pe8puI Centre- Balance Sheet as at 310ecember 2024 SORP Note Rel 2024 2023 Fixed assets Tangib assets Invaslments hekl as fixed 35sets 3,087,S10 1,100.001 3,164,876 1,100,1M)I Total fixod assots 4,187,911 4,264.877 Current assets Debtors Cash al bank and n hand 10 B2 75,377 974 3,932 741 Total current assets 76,351 4.673 Crvdltorn: amount8 fallin9 w6th1n one year 11 C1 139,8851 133,8731 Net Curroni ass•ts 36,466 129.2001 The total n6t assots of Iha charity 4,224,377 4,235,677 The total net a$5ets of the ¢harlty ar¢ fundwl by the fvnds of the charfty. a5 follows=. Restricted funds Re5tFicted Rewenue Funds 16 D2 8.025 19.348 8,025 19,348 unre8tric1￿ Funds Unreslricted Revenue Funds 16 D3 16 D4 3,410,352 806,￿0 3,410.329 806,CM)O Unre5tFiCted Rfrvaluath)Tr Reserve 4,216.352 4,2#6,329 Dèsiynated Funds Total charlty fvnd$ 4.224,377 4.235,677 TIE'SORP Ref indicated above ￿ the cla55ikabon of BaL9nce Sheet items as sel OLrt in the formal SORP documents. A5 required by paragraph 4.60 ofthe SORP. the brought fward and carried forvdrd funds a￿ve have been agreed to the SOFA.. The directors ère Sa￿$r￿d that the company entil￿d to exemptnn from the requ￿ment to obtain an audit under seCt￿n 477 of the CompanEs Act 2006. The rriembers have not required the Gornpany to obtain 8n audit n accordance wrylh seCt￿n 476 ofthe Act. The directots acknOw￿rt9e t￿1r￿S￿>nsibrfit$ for complying with the requirernents ofttE CompanES Acl 2006 respect lo aGcounling records and thé preparalK>n of acGovnts. The chanty is subject to aLKlIt under charty leglsLgtion. and Ihe report ofthe Chamies Act aUd￿r i8 on pa9& 11. The financwl 5talemenls have been prepared in accordance ￿th the tKovish?ns n Part 15 of the CompanEs Act 2W6. applicab￿ lo ¢ompanEs subje¢t to the smam companies ¢9ime. Ariil Bhanot TfUStee Approved by the toard tsftWStee$ on 10 September 2025 Tho noto8 attached on pa9os 19 to 20 fomi an Intogral part of thes• accounts. 22

Peepul Centre Cash Flow Statement for the year ended 31 December 2024 2024 2023 Cash flows from operating activities Net cash provided by operating activities as shown below {167,701 697,3551 Cash flows fmm investing actlvitles Other investment income, including rents from investments 167,934 134,305 Cash flows from financing activities Net cash provided by financing activities Overall cash provided by all activities A+B+C 233 {563.050 Cash movements Change in cash and cash equivalents from activities in the year ended 31 De￿fflber 2024 233 1563,050) Cash and cash equivalents at 1 January 2024 741 Change in cash and cash equivalents due to exchange rate movements Cash at bank and in hand less overdrafts at 31 December 974 $63,050) 23

Peepul Centre Cash Flow Statement for the year ended 31 December 2024 Peepul Centre Cash Flow Statement for the year ended 31 December 2024- Continued Reconciliation of net income to net cash flow from operating activities Net income as shown in the Statement of Financial Activities 111,300) (647,039) 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 loans 76,966 83,989 {167,934) 171,445) 6,012 (134,3051 Net cash provided by operating activities 167,701 697,355) Analysis of cash and cash equivalents 2024 2023 Cash in hand at for the year ended 31 Dec6mber 2024 Notice deposits - (less than 3 months) 974 741 Total cash and cash equivalents 974 741 24

Peepul Centre Cash Flow Statement for the year ended 31 December 2024 Peepul Centre Cash Flow Statement for the year ended 31 December 2024 - Continued Analysis of change in net debt Atstart Cash At end of year 974 233 of year 741 Flows and Cash 233 233 Total 741 233 233 25

Peepul Centre Notes to the Accounts for the year ended 31 December 2024 1 Accounting policies Policles relating lo the production of the accounts. Basls of preparat5on and accountSng conventlon The accounts have been prepared tsn Ihe acciuals basis, under the historical Cost convention. and in accordance thè Financial Reporiiro Standard 102. (effective 1st Janu8ry 20161 and'FRS 102 SORP (Statement of Recommended Practs"ce lor AccoLsnts'ng and Reporiing by Charits'esl 2015, la5 amènded by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 151 January 20191. (The SORPI, published by the Charity Commission England & Wales ICCEWI , effeclTve January 2016. . and in accord8nce with all applicable law in the charitys jurisdiclion of registration, excepl th81 the chaiily has prepared the financial slalements in accordance with Iho FRS 102 SORP Istalement of Recommended Practice for Accountsng and Reporting by Charities) 2015. las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 20191, (The SORPI. in preferen￿ to the previous SORP, the SORP 2005. which has been withdrawn. ntslwthstanding the fact that the extant statutory regulations, the Charities IAccounts and Reports) Regulalions 2008 r8fer explicitly to thè SORP 2005. This has been done to accord with current best practice. Going Concern The financial ststemenls are prepared on a going con¢ern basis which assumes that the company will conlinue in operab.onal exislerte for the forseeable future The company has the financial support of the ultimate parent company. the Ethnic Inclusion Foun(Sal*on IEIFI who have agreed to provide this support for 8t least 12 months from the date of approval of the financial slalements. Th& financial statements do nol include any adjustments that would result il the ultimate parent companls support was wthdrawn or EIF was unable to continue lo provide support. The direciors firmly believe thal il is appropriate for the financial statements lo be p￿pared on the goiro concern basis. Policies rg18ting to categories of ffncome and Income recognilion. Naturè of Income Gross income ￿preSentS the value, net of value added tax and discounts. of g¢x)ds provided to customers and Mork carried out in re8P8Ct of s8rvices provided lo customers. Categorles of Incomè Income is caiegorised as income from ex¢han9e transactions Icontracl irKomel and ino)me from non-excharrtJe transac￿On$ Igiftsl. investment income and other inc(>ffle. Income from exehangt transactions is received by the charity for goods or services supplied under contract or where eniitlem&nt is subject to fulfilling perforniance related conditions. The income the charity receives is approximately equal in V81ue to the goods or seNices supplied by the charity to the purchaser. Income from a non-exchange transaction is whère the chaiity receives value from the donor wlhout providing equal value in exchange, and includes donations of money, goods and services freely given wthoul giving equ81 v81ue in exchange. Income re¢o9nition Inwme, whelheT from exchange or non exchange transactions, 15 recognised in the statement of financial activities ISOFAI on 8 receivable basis, ¥then a transaction or other event results in an incréase in the ch8riWs assets of redu¢tion in its li8bililes and only when the charity has legal entitlement, the income is Probable and can be measured reliably. Diwdermls a￿ accrued when the shareholder's rlght to recelve payment is established. Income subject to tem7s and condibons which musl be mel before the charity is entilled to the ￿s0￿￿CeS is not recogni5ed until the conditions have been met. JI income is accounted lor gross. before deducting arhy related lees or costs. 26

Peepul Centre Notes to the Accounts for the year ended 31 December 2024 Accountlng for defrred ineomè and income recelved In advance Where terms and conditions ￿lats'n9 lo income have not been met or urKertainty exi5t5 as lo whether the charity can meet any terms or conditions othemse wthin its conirol, income is not FeGognised but is deferred as a liability until il is probablè that the lemis or conditK)ns imp¢)$8d can be met Any grant thal is subject to perfomiance-relaled condilions received in advance of delivering the goods and services required by that condition. or is subjecl lo unmet coThJilions wholly oijlside the cor>trol of the rwpient charity, is accounled for as a liability aThJ shown on the balance sheet as deferred income. Oeferred income is released lo income In the reporting period in which the perfwrTbance-related or other condil'ons that lim+t iecognition are met. Whèn income from a grant or donation has not been recognised rtue Io Ihe condilions applying to the gift not being ¥holly within the control of the recipient charrty, it is disclosed a$ 8 contingent a$5el if receipl ol the grant or donalion ss probable once those coTrJilion$ 8r¢ mel. Where lime relaled conditions are imwsed or irnplied by a funder. then the incA)me is apportioned to the lime p6ri(YJs concerned,aThJ, thre applicable, is accounted for as a liability and shown on the balance sheet as d8f8rred income. When grants ar8 received in advance of the expendilure on Ihe acbvity fvnded by them, but there are no specific time related condilions, Ihen the income Is nol defèrred. Any condits'on that allows for the recovery by the donor of any unexperxled part of a grant does not prevent recognition of the income coirEmed, t¥Jt a liability to any repayment is ¥ew9nised when repa￿nent becomes probable. Income from legacles Income frorn legacies is reeognised ￿llen the tharity has sufficienl eviden￿ that a gift has been left lo them, that whe required, probate h85 been granted, the executor is satisfied that the propetly in question wll not be reqLJir6d lo satisfy cla¢ms in Ihe estate. that it Is probable that the amount wll be received by the charity, and the 8mount lo be received can be estimated ￿1th sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met. Where a paymenl is received from an estate or is nots.fied as receivable by execvlors after Ihe reporting dale and before the accounts are authorised for issue but il is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount Con￿rned 15 treakd as an adjustsng event and accrued as income in accounts.ng period il receipt is probable. Where the charity has established entitlement to a legacy btrt there is unceriainÈy as lo the an)ount of the payment, details of Ihe legacy afediselosed a$ a conlingent asset until Ihe criteria for income recognition are mel. whe￿ a legacy 1$ subject to the interest of a life tenant. the legacy is nol recognised as income until Ihe death Of Ihe life tenant. If it is doubtful that full settlemenl ol a legaty debtor will bts ￿Ceived. then an adjustmenl is made to reduce the amount of the legacy debtor and legaty income rather than charging the adjijstmenl as expendrture in the Statement of Financial Acbvities Donated goods, facilities and ￿r¥I¢9$ Donated fixed assets are recognised at the current fair value. All SLtch donations are recognised 8$ donalion incorne. and debiled to fixed assets. Donated go¢xts that are not fixed ass•ts are accounted for at 8 fair v81ue, unle55 it is impractical to reliably measure the value of the donated rtems. In Ihe absence ol any direct ewdence of fair valLte of donated goods, then a value is der*ved from the cost of the item to the donor or. in the case of goods that are expected to be sold, the ests'rn8leil res8￿ value after deducting any anticipaled costs of sales. If it is Impr8eticable to measure the fair value of goods donated for resale. or the costs of valuation outweigh thè benefits, thè donated goods are recogni5ed as incorne %%tFen sold. wth an equivalent amount being recognised as an expense. The costs of goods donated for distribution to benefiaaiies is deemed to be the fair vgluè of thgse goods upon receipt. When Ihe goods are distributed freely or for a nominal consideratson, Ihen the carrwn9 amount is adjusled al the time of sale. lo the value at the point of disliibution and the adjustment is shts1￿ as 3 cost of donations made. 27

Peepul Centre Notes to the Accounts for the year ended 31 December 2024 The caffwng amount of any stock held for distribution is assessed for impaimenl at the reporting date. Al donated goods are recognised as donation income, and debited lo trading 5tock.when trading stock is subsequently sold. or appropriaied to rTbeet an expense. then the tarwrvJ value of the stock Is recognised as an expens8. In accordance with the SORP, goods donated for distribution lo beneficiari8s, or for consumption by the charity are induded in 18g8Gies d(>nalions'. Goods dorbated for resale are included in 'lnGome from otherlrading SGtivit18S' The cost ol any stock of goods donated for distriblrtion to beneficiaries is deemed lo be the fair value of those gifts 811 time ol their receipt. 11 the goods held are to be distributed freely or for a nominal considerats'on, then the carrying amount 15 subsequently adjustett to ￿flect the lower of deemed cost adjusled for any19ss ol service potential and replacement cost. Replacement wst is the e￿nOMiC cost incurred if the charity was to replace the service potenlial tsf the donated goods at its ovm expense in the mosl ewrK)mie manner. Donated servlces and facllltles (including seconded staff arKJ use of property) are included in the accounts on th8 ba$1$ ol the value of the gift lo Ihe charity. All donated services and lacililies are recognised as donation income when received.Iprovided the value of the gift ran be measured reliably) and recognised as an expense wilh an equivalent valu8. Ihèrnborshtp subscrlptlons The I[￿Me and any associated Gift Aid or other tax refund from a m¢mbership subscription re￿IVed by the charity in Ihe nature (rf a gift, is accounted for on the same basi5 as a donation. The income frorn a rnembership subsuiption received by the charity thre ¢he $ubscription purchases the right to services or benefits is recogntsed as income from chaiitable activities. Policies relating to expendlture on goods and servicès provided to tIK charlty. Retogrsitian of liabilTrties and expendlture A liability, and the related expenditure. is recognis8d then a leg81 or eonstructive obligation exists as a result ol a p8St event, and it is more likely than not thal a transfer of economic benefits wll be required in seltlement. and the amount of the obligation can be measured or reliably estimaled.. Liabill￿eS 8ri5ing f¥om future fundiNJ commitments and cortstruclive obli9alions, includirvJ perfomance related grants. ere Ihe timing or amount ol the future expenditure required to settle Ihe obligation are u[￿ertaIn, give rise lo a provision in the accounts. which is reviewed 8t the accounling year end. The provision is increased to reflect any increases in liabilitses, and is decreased by Ihe uts'li58tion of any prowsion within the period. and feversed if any provision is no longer requi¥ed. These movements are charged or credited to the respectTrve funds and activities to hshich the provision rtslates. locatong Costs to actO￿tIeS Direct costs that are specifi￿llY related to an acts'vity a￿ allocated to thal activity. Shared direct eosls afid support costs are apporlioned betsveen activities. The basis for apporlionment, which is con$istenJy applied, and proportionate to the arcumstances. is :. Staffln9- on the basis of time spent In connection wth any particular 8cts'vity. Stafflng- on a per bas￿$, based on the number of of people employed ¥Mthin any parbular actsvity. Prèmises related costs- on the proportion of floor area occupied by a parlcular activity. Non specific support costs- on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures Estlmatlon technlques used in apportioning ¢osts- give detsils Volunteers In a¢¢o¥dance wlh the SORP, and in recognition of the difficultiès in placing a monetary value on the conlributson fro volunt8ers, the Contribution of volunteers is not inctuded within Ihe ineome of the charity. However, the trustees value the significant Contribub'on made to the activi￿$ of the charity by unpaid volunteers 8nd this is d85uibed more fully in Note5. 28

Peepul Centre Notes to the Accounts for the year ended 31 December 2024 Pollcles relating to assets. liabilities andprovisions and other matter& Flxed Asset Investménts Investment properly is Sho￿ at most recent valuation. Any aggre98le surplus or deficit 8rising frorn charges in fair value is recognised in the Statement of Financial Activities. Fixed asset Ènveslrnents in unltsted equitie5 are shown at the balance sheel date al the best esb.mate of theii market value, ere pr8¢tiG8ble Where valL*alion techniques are considered unreliable or where, in the opinion of the trustees, the costs oubvei9h the benefits to the users of the accounts, the tnvestment is included at cost, and a review is urkJertaken at each year end as lo whether the asset should bè vrritten down. Al gains on fixed asset invesiments. whether realised or unrealised, are inclLvJed in row 84 of the Ststèment of Financial Activities. Soclal Investments Any realised gains or losses on any pro9rame related investment assets are inclL¢ded in row AS of the Statement of Finanual Activities (The SOFA). All gains on other social investments, ¥thether realised or unrealised, are i￿luded in row 84 of Ihe Statement ol Financial Activities Tanglble fixodassèts Depreciation has been provided at the followng rates In ordw to vrrite off the assets to thtrir antKipatèd residual value over their esbmated useful lives. Freehdd premises Freehold propety Fixtures and flthngs Computer equipment O °k straight line /0 on cost and includes larKI not being depreciated 25 /0 on reducing balance and 20.10 on cost 33 °/0 on cost Accounting for capltal 9rant$ and fixed asset funds. Gifts of tangible fixed assets or grants of a capital nature, given fov the purposes of acquiring specrfic ass815 lo be fully utilised in the furtherance of Ihe objects of Ihe charity, are credited Its fixed asset fund$ after the donated asset has been received or sums have been properly expended on the restricted p(Jrpose. Where the teyrns of the grft require the charity to hold the a55et on an ongoing basis for a specific purpose, then the fixed asset fund so created is caleg0ri5ed 85 a ￿$trIcted fixed assel fund. and ltr￿ felevant restrictions are noted in the fixed asstrt note 7. Where the terms of the gift are met once the asset is acquired, so all0￿1n9 the cha¥ity to use the asset tsn an unreslrided basis. including the right lo receive the prO￿edS of any futLtre sale of the asset on an unfestricled basis, Ihen the fixed asset fund so created is categorssed as a designaled fixed asset fund. Wtr￿n assets are acquired for the fUrther8r￿ of the charitls objects, utilising Ihe charills ovm unrestricted funds, a transfer is made from unrestricted funds to a designated fixed asset fund. Whether acquired ￿1th unrestricted or restricted funds, the asset acquired ss inilialty shown in the balance sheet at the full cost of acquisition or subsequent revaluation. As the relaled assets are depreciated, in accordance with the depreciab'on policy,in order lo rtrfie¢t dimunibon in Ihe asset,a transfer is made from Ihe relevant fixed asset funds to eliher unFestricted or restricted revenue funds. as appropriate io the tertns of the original gift, il any. The effect of this policy Is that the aggregate ol 811 fixed 855et funds shall equale lo the net book value of fixed assets. In the first year that thJ"s policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of the assets. Any residual liabilily lo the donor arising from, for example, the asset's future salè, is disclosed as a contingent liabilily unless the event that would trigger repayment of the grant becom8s probable in which case a liability for repayment is recognised. Insofar as this policy rèlates to Governmènt grants and to th8 extenl that it may be a departure from the FRS 102 SORP Istslement of Recommended Practice for Accounting and Reportiro by Charities12015. las amended by the Bulletin sssued in Ociober 2018 and applicablg 10 811 accounting periods beginning on or after 1s1 January 20191, (The SORP}, such departijre is jusb'fied on Ehe basis Ihat it is in order to CoM￿Y wth the SORP.

Peepul Centre Notes to the Accounls for the year ended 31 December 2024 Stock$ and work in progres$ Siock is valL¢ed al the lower of cost and net re81isable value. Debtors Debtors are mèasured 8t their recoverable amounts at the balance sheet date. Finan¢ial instruments including cash and bank balènees Cash held by the charity is included al the amount actually held and counted at the year end. Bank bala￿s. bthether in credit or overdrawn, are shown at the amounts properly re￿nCiled to the b8nk statements. Leaslng and hlre purchase contracts and commStments Assets held under finance leases and hire purchase contracts. thich are those sthere substants'ally all the risks and rewards of 01￿*r$hip of the asset have passed lo the charity, are capitalised in the balanTr sheet arKY depreciated over their u5elul live5. The corresponding lease or hire purchase obligation Is treated In the balance sheet as a liability. The interest element of the rental obligations is charged to the profil and loss account over thè perrod of Ihe lease and represents a constant proportion of Ihe balan￿ of capital repayments outstandtng. Rentsls paid under operabng le8ses artr eharged to income on a straight line basis over the lease term. 2 Llablllty to taxatlon The Trustees consider that the charity salisfies the lests set out in Paragraph 1 SdEdule 6 of the Finar￿e Acl 2010 for UK COTporation tax purrK)ses. AccordiThJly, the Charty is potentially exempt from laxation in respect of income or capital gain5 received wilhin categories cgvered by chapter 3 part t1 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exlent that such income or g8ins are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is r￿A)verable by the charity, and is therefoie not included in the ￿levant costs in the Statement of Finaro81 Acbvities. 3 Winding up or dissolution of th9 charity If upon wnding up or dissolution of the charity there remain any assets. after ts satisfsction of 811 debts and liabilities, the assets represented by the accumulated fund shall be transferred lo sorne other charitable body or bodies having similar objects to the d)arity. 4 Net surplus before tsx in tho finan¢ial y•ar 2024 2023 The surplus before tax in the financial sear is stated aftef charging:" Depreciation ol offtd fixed asseis Auditors. remunerati¢in 76,966 7,500 83,989 7.500 30

Peepul Centr6 Notes to the Accounts for Ihe year ended 31 December 2024 S Staff costs and emolum6nts Salary cosls 2024 2023 Gr05s Salaries excluding Iruslees and key management peT50nnel 105,091 83,09) Employerfs Naiional Insurance for all staff 2,069 1,075 Total salarles, wages and related costs 107,160 84.165 Numbws of full lim• èmplo￿•$ or full time wuival•nts 2024 2023 The averag8 number of tot81 Staff empk)yed in the year was Charilable actsvilies The estlmated full tlme equivalent numlwof all s¢aff pmployed as above 6 Remuneration and payments to Trustees and persons connected wlth them No trustees received any remureration from ¢he charity bul they did in relAb"on ￿ the connected parts.es and entity as follows.. Amil Bha￿t as Managing Director of Peepul Enterprises Ltd IPELI to 31 August 2024 received remunralion of £24.744 12023- £35,689 and pension contributions of £61712023- £8831., but £nil from Peepul Centre (PCI as ils Trustee. Dr Santosh Bhanol is a spouse of Anil Bha￿1 and from Peepul Centre as Head of Health, as an employee not a trustee, she received £21,2411202& £14.0141, with pension contributions £45012023- £2331 and from Peepul Entgrprises Ltd as a DITector,not trustee, up to 31 August 2024 received remuneration of £13.33312023- £5.8391, ¥%ith £nil Pension eontribulion5. Dr Santosh Bhanot mileage claim was £4,4921202>£3.8041 for weekly travel to run the mental health Crisis Cafe al Peepul Cèntre to devèlop the Health divison as Head of Peepul Health and manage the Peepul Entwprises Ltd staff and their actiV￿.e$ running s&ver81 social enterise activities of PEL. Hashmukh Pankhania as a director of PEL earned £3.7121202& £7.6941 from PEL and tnFI from PC. The parent charity the Ethnic Inclusion Foundation IEIFI, a s(￿1a1 enterprise charity. has funded the deficit gap5 al PC arKI PEL to the sum of £3,354,865 al at 31 D￿rnber 2024 since EIF acouir8d the PCIPEL group from 18 May 2012. Thus all tnanagemnet sal8f1è5 01 PCIPEL are funded by EIF and of course othei staff wages and overheads of the Centre due to a lack of funding for projects by the NaD'onal LotteryArts Council England since EIF acqusits.on from 2012. 31

Peepul Centre Notes to the Accounts for the year ended 31 December 2024 7 Tangiblo fixed assets Current Ye8r Land and Bulldlngs Plant & Machlnery Motor Vehlcles Total Cost Al 1 January 2024 3.956.876 418,832 4,375,708 At 31 Dèeernbor 2024 3.956,876 418.832 4,375,708 Depreciation At 1 January 2024 Charge for the year 805,712 73,538 405,120 3,428 1.210,832 76,966 At 31 December 2024 879,250 408,548 1,287,798 Npt book value At 31 Dec•mber 2024 3.077,626 10.284 3.087.910 At 31 D•¢ernber 2023 3,151.164 13.712 3.164.876 8 Revaluatlon reserve Revaluatior) ol the Peepul Centre property was done on 7 November 2024 by a risk assessor. which the Directors accept ur £15 million existing use basis. Revaluation reserve arose on the investment property part of the Peepul Cenlre on 31 Decen £806.000, ¥thich is not subject to depreciation. 9 Investments held as fixed assets InTrAstm•nts in subsldlarles Listèd investments othor Classes of Inv&sim&nt Total Carryin9 valu¢5 of investments At 1 January 2024 1,100,OIXI 1,100,001 At 31 December 2024 1,11)0,000 1,100,001 Analysls between fair value and historlcal cost Invéstments as 8bove held at fair valuè 1,100,0(KJ 1,100,(K11 Analysis of Othar Classes of Inv•stm•nt Included at hl$torical cost, less wr6te down Included at falrvalu8 Total Summary of oth•r classes of Invèstmènts at 31 Decemb•r 2024 Cash or cash equivalents 1.100,000 1.100.000 32

Peepul Centre Notes to the Accounts for the year ended 31 December 2024 10 Debtors 2024 2023 Trade deblors Amounts owed by group underiakings and undertakiros in which the charity has a participating inte¥esl 22,561 3,932 52,816 75,377 3.932 11 Creditors: amounts falling due withln one year 2024 2023 Trade credilors Accruals PAYE, NIC VAT and other taxes Other credKors 3.220 13.000 2,001 10,500 23,281 20.507 39,885 33,873 12 Revaluation reserve Current year Unrastri¢t8d Funds Cuffgnt year R&stri¢ted Funds Current year Tolal Funds Prior Year Totsl Funds Current year 2024 2024 2024 2023 At 1 January 2024 806,000 806,000 806.000 At 31 December 2024 806,OIXI 806,000 806,000 AJI the revaluations in Ihe prior year unieslricted. PriorY•ar Unyesiricted Funds PriorY•ar Restrict Funds Pritsry Total Fund$ Prlorygor 2023 2023 2023 At start of prèvious yèar 806,000 806.OOD At •nd of prèvious year 806.000 806,000 13 Income and Expenditure account summary 2024 2023 At 1 January 2024 Transfers in for the year At 1 January 2024 Surplus after tax for the year 3,429.676 9,209 3,438,885 120.5091 4,076.716 1648,814} 3,427,902 1,774 At 31 December 2024 3,418,376 3.429,676 33

Peepul Centre Notes to the Accounts for the year ended 31 December 2024 14 Related party transactions The Charitable company has taken advantage of exemption. under the terms of Financial Reporting Standard 102 @The Financial Reporting Standard applicable in the Uk and Republic of Ireland,. not to disclose related party transactions whith wholly owned subsidiaries within the group. Trustee and group Chairman, A Bhanot was a director and shareholder of Online Accountancy Se+vices Ltd until 01 March 2025, which provides book-keeping and accountancy services to the charity and ils subsidiary. The book-keeping fee charged lo the Peepul Centre charily is £Nil and to ils 5ubsidairy Peepul Enterprises Ltd il is charged in the sum of £24,000 for the year12023- £24,000). Slalutory Accountancy fee of £3,000 12023 - £3.00018nd £4,0001£2023- £4,000} is charged to Peepul Centre Charity and Peepul Enterprises Ltd, respeclively The parent charity EIF gave a grant of £13,000 to Peepul Centre and12023- £60.0001 and advanced a k)an of £572.082 to Peepul Enterprises Ltd IPELI during 2024. The Loan balance owed by PEL lo EIF slands al £1,187,198, which comprises the Loan Blfwd of £448,105 and Inter Comoany balance between EIF and PEL now also lurned into loan of £167.011. These balances represent cash flow requirements within the group. EIF has funded PCIPEL in the sum of £3,354,865 at 31 December 2024 frofn the date of 8CqUlStion on 18 May 2012, due to a lack of funding from the National Lottery Arts Council England for PC projects. 15 Particulars of how partlcular funds are represented by assels and Ilabllltles At 31 D￿ernber 2024 Unrèstrieted Designated nds Restricted Total lunds funds Funds Tangible Fixed Assets Investments at valuation: Fixed èssèi investments 3,087,910 3,087,910 1.1CK),001 53,630 139.8851 1.100,001 76,351 139.8851 Culrenl Assets Current Lbabililies 22,721 £201,656 22.721 4,224,377 At 1 January 2024 UhrosirbEtad Doslynat funds Restri¢*8d lunds Total Funds funds Tangible Fixed Assets Investments at V8lu8tion: Fixed asset investments Currenl A5set5 Ctsirenl Llabillties 3.164,876 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

Peepul Centre Notes to the Accounts for the year ended 31 December 2024 16 Change in total funds over the year as shown in Note 15 , analysed by indlvldual funds Funds brought Movem8nt In fo￿¥[0 from ftjnds in 2024 2023 Tran5fer5 between funds in 2024 Fund$ carried forward to 2025 See Noie 17 So6 Note 18 Unrnstrlcted and deslgnated lunds.'_ Unrestricted Revenue FuThJs Unrestricted Revaluation Reserve 3,410.329 806,000 123,882 9309 3A95,656 606,000 Total unfe5trl¢tgd and dèsignated funds 4.216,329 23,882 9,209 4,201,656 R•strict•d funds... Health 8ThY Wellbtri￿ sessions 11,573 115,6421 111.5501 20,291 14,0691 Wages 111.5501 Crisis Café 20,291 Totsl re5tri¢ted funds 11,573 6.901 4,672 Total charSty funds 4227.902 30,783 9,209 4,206.328 17 Analysis of movemen1$ in funds over the year as shown in Note 16 Other In¢om• Ex￿nd11￿re Galn$ & Movement Losses in fvnd$ 2024 2024 2024 2024 Unr•slrlcledand de$lgnat•dfunds.'. Unrestricled Revenue Funds 187.735 {211,6171 123,8821 Wages Cr*sis Café Jubilee Celebration 111.5501 111.5501 20,291 20,291 Sport Grants 208,026 238.809 130.7831 35

Peepul Centre Notes lo the Accounts for tho yéar ended 31 Decembor 2024 G8in$ losses are detatled in notes 0,0. O. O and O 18 Details of transfers between funds i The tr&nsfws shown in note 16 above aro.". 2024 Tollfroml Unrestricted Revenue Funds in accordance with the accountirKJ policy'Accounting lor capital grants arKI fixed asset funds,. 9,209 Net transfers 9,209 19 Ultlmate controlllng party The charity is U￿1￿r th& ¢ontrc>l of its Tru$¢&es, who are 8150 ils rnembers. The companls ultimate holding company is The Ethnic Inclusion Foundalion IEIFI. Its company number is 03758674 and ils charity registration number is 1077002. The registered address of the company and the parent is 126-128 Uxbridge Road, London, W13 8QS. EIPS pinciple purpose and activilies are charitable and in particular, the advancement of educalion, the furtherance of health and the relief of povety. distress and sickness. EIF has the authority to appoint the Board of Peepul Centre bul care is taken to add local tnjslees. The parents undertaking of the smallest and the largest group of which consolidated finaneial 518temenls are pi The Ethnic Incluston Foundation EIF}- EIF Group accounts can be obtained from the Charrty Commission website. 36

Peepul Centre Detalled analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015 This analysis is classsified by conventional nominal descriptlons and not by activity- 20 Grants Curr•r5t y•ar Unr$$trlct¢d Funds ¢urrent yèar Ro$tricted Fund¥ CurTent year Total Funds Prior Year Total Funds 2024 2024 2024 2023 Rewnu• grants from govamm•nt an pvbllc bodles Chantable Activities 2.323 Community Vental Health ACE- Inspirat8 Funding 2,000 2,000 2.985 Crisis Café 29,997 29.997 20,291 Art and Cultrual Prog. 4.920 4,920 Other Incorne 1,881 1.881 ACE - Funding Mela 29.956 29,956 26.865 Arts Mèla 275 Total publlc sector revenue grant$ 6,801 61,953 68,754 52,739 All the grants in the prior year were unrestricted, R•vonuè grants from gov•mment anLI public bodies- Prlor Year analysls Prior Year Vnrgstricted Funds Prlor Ygar Rqstrictqd Funds Prior Ygar Total F¥nds 2023 2023 2023 Prior Year 32.448 20.291 S2.739 37

Peepul Centre Detailed analysis of ineome and expenditure for the year ended 31 December 2024 as required by thg SORP 2015 Cuffent year Curront YO¥ Current yoar Total Funds Prlor Year Tot81 Funds UnrestTi¢itd Fund5 Rostiicièd Fund$ 2024 2024 2024 2023 Ethinic Inclusion Found3tron Grants Ethinic InclUs￿n F￿1}datIOn- Grants 13,(K)O 13.000 60.000 Total Ethlnlc Incluslon Foundatlon- Grants 13,000 13,000 60,000 Total Grants Total Grants A1 19,801 61,953 81.754 112.739 All the dgnations and gifts in the prior year w8re unreslricted. Un¥•51rict9d Funds 2023 Re5trictod Prior Year Total Fund5 2023 Prior year 2023 Total Grants A1 92.448 20.291 112.739 21 Investment income Cyrfent yoor Unr6stft¢ied Funds Curront ygar Rostrlctod Funds ¢urrgfit ygar Tolal Funds Prior Yoar Total Funds 2024 2024 2024 2023 Prop8rty Rental Incomè 167.934 167,934 134.305 Tolal investment Income 187.934 167.934 134.305 38

Peepul Centre Detailed analysis of income and expenditure for the JEar ended 31 December 2024 as required by the SORP 2015 22 Expendlture on charltable activltles- Dlrecl spending Curront year Unr•5trictad Funds Current yèar Rèsiritl Fun(Is Cuirtnt year Prfor Year Total Funds Tot81 Funds Current Year 2024 2024 2024 2023 Gross wages and salaries - charitsble actrvilies Employers, Nl Charitsble activities Health and Wellbeing Thealer cost 92,656 12,435 105.091 83,090 2.(￿9 2,069 16,924 45.3S7 1.075 15.642 36.868 16,924 29,221 16.136 Total direct spending 82a 110,861 58,580 169.441 136.875 I the expenditure in the Fxior year was un￿stricted. Prlor Y•ar Un[￿trIct*4 Funds Prlor Year R¥slricted Funds prtor Y•ar Tot41 FurKI¥ Prior Year 2023 2023 2023 Gross wages and salaries - charitable activities Health and Wellbeing 71,540 11,550 83.090 15,642 15.642 Total direct spending B2a 109,483 27,192 136,675 23 Support costs for charitable activitles CuTrènt yèar Unrè8tri¢1od Funds Curr•nt y6ar Ro8irl¢tod Funds Curront yo01 Total Funds Pilor Y•ar Total Funds Current Year 2024 2024 2024 2023 Administrative overheads Hire of equipment Travel expenses Other expenses 2,820 6,147 1820 6,147 7,402 750 Profèssional fees pald to advlsors other than the auditor or examiner Accountancy fees other Ihan examination OT audit fees Other legal and professional 5.500 5,500 600 600 Financial Costs Bank charges Depreciation & Afflortisalion in lolal 543 76.966 285 83.989 76.986 Support costs before reallocatlon 92,576 92.$78 97.926 Less support costs reollocatsd to specific activities To non charitsble costs 192.5761 192,5761 197.9261 Total support Costs- Current Year The basis ol albcation gf costs bètween activities is described under accounting policies 197.9261 Admlnlstratlve overheads 39

Peepul Centre Detailed analysis of income and expenditure for the yrar ended 31 Decernber 2024 as required by the SORP 2015 The basis of alk)cation ol costs between activities is described uThJer accounting policies 24 Other Expendlture- Govgrnance Costs Current yaar Unrestricted Funds Curr•nt year R•stri¢ted Funds Current ygar Tothi Funds Prlor Year Total Funds Currenl Year 2024 2024 2024 2023 AL￿1t01$ fees 7,500 7,500 Total G0￿Man¢+ eost8 7,500 7.500 7,500 All the expenditure in the prior year was unrestrKted. 25 Total Charitable expendlture Curront year Unr•$lri¢t4d Futhd8 Curron¢ ￿Or RoStrict9d Funds currgnl ygar Yolal Funds Prior Y¢ar Total Funds Current Year 2024 2024 2024 2023 Total direct spending Total support costs Totsl Governance costs B2a B2d 82e 110.861 58.580 169.441 136.675 7.SOO 7,500 Totsl charitable expendlturo B2 118.361 58.$80 176.941 144.175 Prlor Yèar UnrBstrid4d Funds Piior Yoar Rèstri¢t•d Funds Pflor Y8•r Total FundJ Prior Year 2023 2023 2023 Total direct spending Total G0veMan￿ costs B2a B20 109.483 7,500 27.192 136.67$ 7,500 Total ¢harltable expenditure B2 116.983 27.192 144,175 26 Expenditure on ralsing funds and costs of invgstment management Currènt year Unre5triet Fynd$ 2024 Currenl yèar Rèstii¢tèd Funds 2024 Currefit year Total Funds Prior Year Total Funds Current Year 2024 2023 Just giving charges Consultsncy 180 500 180 500 165 3,003 Total fundraising costs 3.168 All the expènditure in the prior year was unrestricted. 27 Other tradlng expgnditure unrelated to fundraising or charitable activitie5 40

Peepul Centre Detsiled analysis of income and expendlture for the year endgd 31 D9¢ember 2024 as required by the SORP 2015 Curront year Unrestrlcted Funds Currgnt year Roslrl¢¢od Funds CurrAnt year Tolal Funds Prior Year Total Fvnd$ 2024 2024 2024 2023 Reallocated from support costs 92,576 92.576 97.926 Non charlty •xp•nditurè B3b 92,576 92.576 97,926 0tt)8r tradlng xpondltur• unrèlatsd to fundraislng or charltabl• actlvltles. Prlor Year analysls UnrostTl¢tèd Fund5 Rèstrictéd Fund$ rot¥l F￿n￿¥ 28 Total of othgr expondilure CyrT•nt y•ar Unr9$tiictgd Funds urrTrt y*Jr Rgstrict9d Funds urrènt yoar Total FuThd¥ Prior Y￿r Current Year Total Fund5 2024 2024 2024 2023 Non chaiity expenditure 92.576 92.576 97.926 Totsl other expenditure 83 92.576 92,S76 97.926 All the expenditure in the prior year was unresiricted. Prior Yèai Unr•6tri¢t Fund$ Prior Yèar Reitri¢t4d Fund5 ¥)23 Prior Year Total Funds Prior Year 2023 2023 Non charity expenditure 97.926 97,926 Total other expenditure 97,926 97.926 41

Peepul Centre Activlty analysis of Income and expenditure for Ihe for the year ended 31 December 2024 This analysis is classsified by activity and not by conventional nominal descriptions. 29 Analysis of income by aclivity SOFA ref 2024 2023 Activity Summary of Total Income, including the items al)ove Donations & Legacies Inveslmenl income A1 81,754 167,934 112,739 134,305 Total incom8 as shown in the SOFA 249,688 247,044 Categories of ITncome Income from exchange transactions 249,688 247,044 30 Analysis of charitable expenditure by activity Activity Direct costs Support costs Grant funding of activities 2024 Total Total 2024 2024 2024 2023 Primarypurpose and ancillary tradingl Direct costs Administrative overheads Professional fees Financial costs 170,593 170,593 7,815 6,100 543 36.854 81,505 3.250 84,274 7.815 6.100 543 Total PTirnary purpo8¢ and ancillary trading1 170,593 14,458 185.051 205.883 Summary of charitsble ¢ost$ by a¢tivity Direct costs Support costs Grant funding of activltles 2024 Total Totsl 2024 2024 2024 2023 Total Primary purpose and ancillary Iradii Total Governance costs as detailed in Note 24 170.593 14,458 185,051 231,037 7,500 7,500 Total charitable expendlture 170,593 21,958 192,551 238,537 42

Peepul Centre Activity analysis of Income and expenditure for the for the year ended 31 December 2024 The basis of allocalion of costs between activities is described under accounting policies The breakdown of Ihis expenditure by type of spending lie nominal classification) is detailed in note 25 Analysis of support and governance costs by charitable activities Governance Finance Human Other Resources Overheads Total Activity Charitable activity 1 Primary purpose and ancillary trading1 7,500 7,500 14,458 543 13,915 Grand Total 7,500 543 13,915 21,958 31 Analysis of non charitable expenditure by activity Activity Fundraising activities Fundra•sing activities 2024 Fundraislng activities 2023 Direct fundralslng costs 680 3,168 Indirect fundraising ¢o$t$:. Gov¢rnance costs Governance Costs 2024 Governance costs 2023 Other Expenditure- Governance costs as detailed in Note 24 7,500 Total non charitable expenditure 2024 2023 Total costs of Fundraising activities 3,168 Total non charitable expenditure 680 3,168 The breakdown of this expenditure by type of spending (ie by nominal classification and by fund) is detailed in note 28 43