REGISTERED COMPANY NUMBER: 05618159 (England and Wales) REGISTERED CHARITY NUMBER: 1127072
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
The Peaceful Place Ltd
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
The Peaceful Place Ltd
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 19 |
| Detailed Statement of Financial Activities | 20 | to | 21 |
The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2021
The Trustees present their report along with financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out on pages 10 to 11 and comply with the charity's governing document, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities 2005.
OBJECTIVES AND ACTIVITIES Objectives and aims
Objectives, governance, and management
The Peaceful Place Limited was incorporated as a company limited by guarantee on 10 November 2005. It was established under a memorandum of association which sets out the objects and powers of the charitable company and is governed under its Articles of Association. The memorandum and articles were amended by special resolution on 20 November 2008. The company was granted charitable status by the Charity Commission on 5th December 2008 and became active on 1st April 2009.
The Charity uniquely provides a service in Essex to meet the ambitions and needs of individuals of working age, diagnosed with early onset of dementia. We further support individuals who may be older and in the early stage of dementia who geographically live local to Peaceful Place.
The Charities main objective is to provide a service that reflects individual and often complex needs of our members who are active and living in the early stage of a dementia.
The Board administers the Charity meeting with CEO quarterly. As the service is small with a staff team of five the board provide ongoing support outside of the formal structure of meetings. The day-to-day management is delegated to the Charity's Chief Executive Officer, Charlotte Curran who directly reports to the Board.
Significant activities
We provide cognitive stimulation activities.
Services:- range from music therapy to arts and crafts and most popular is our sporting activities. We facilitate all opportunities for peer support, creating strong and supportive friendships and community development.
Family Self-help group: Our family self-help groups welcome the opportunity to share experiences of caring and support with each other whilst developing coping strategies. Strong and supportive friendships are formed within these groups. Peaceful Place's full service of transport, (depending on locality) to and from home, cooked breakfast and lunch and stimulating activities enables our members spouse to focus on other responsibilities. Having to juggle caring with work and childcare duties is often challenging. Family carers report a reduction in their sense of isolation and reduced anxiety as a result of their involvement in the self-help groups.
Environment: Our purpose-built facility provides a wonderful, enriching environment for our members. The space meets the need of active people living with early onset of dementia. The space further allows a range of activities at any given time meeting the multiple needs of our members.
Public benefit
The Trustees have considered their responsibilities for ensuring the charity has a benefit to the public and are satisfied they meet this requirement. The Charity continues to address the unmet need within the community as it is the only service providing younger aged activities for individuals of working age living with Dementia in Essex. We expanded our reach to support more individuals within Southend, Essex and Thurrock. We further offer opportunities to community volunteers and in return they gain skills development, reduced isolation, sense of purpose and belonging whilst promoting the needs of our members and championing their cause.
Our Charity shop is in the heart of a residential community with many elders accessing it, not only to purchase items but also for the benefit of social engagement. All volunteers of the charity shop are retired individuals who further benefit from the social aspect of working within the shop.
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The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2021
ACHIEVEMENT AND PERFORMANCE
Charitable Activities
As mentioned previously the Charity provides cognitive stimulating and reablement programmes to maintain life skills whilst also meeting the active needs of younger people living with early onset of dementia through sports and physical activities. We meet basic need of food and transport. We provide support to family carers, directly supporting them with care needs assessments and carer assessments.
Our peer support model enables our members to support each other and our families get wider support through our facilitated self- help groups.
We work in partnership with adult social care, NHS and cultural organisations delivering arts music and sports.
Fundraising activities
The Charity wishes to thank our supporters including individuals carrying out fundraising activities and our direct givers for donations received. Without your support we would not be able to provide the variety of services we currently offer.
Covid, like all services and businesses impact on our opportunities to fundraise and the closure of our Charity Shop for 8.5 months also impacted on our income from these sources. The Charity shop, based in Southend is an essential income for the ongoing activities of support at the day activities service.
We are grateful to Southend for the Business interruption grant received to improve the internal space of the shop, increase storage space, and ensure we were fully compliant with regulations with safe distancing, safe storage, and signage.
Achievements
Impact of covid:
Covid 19 has affected the delivery of service. During this financial year our building based service closed for 9 months between March 2020 and Sept 2020 and December 2020 to March 2021. The first lockdown, required the closure of both Charity shop and day activities, leaving nil income to the service. All staff, except CEO, were Furloughed, and we are grateful to the Furlough Scheme for the support given to enable our staff to remain safe at home. We, like all other services and business were not set up or ready for the immediate first lockdown. However, we once again thank our wonderful volunteers who continued to offer telephone support to our members.
We are grateful to Essex for the funding received during second lockdown which enabled our staff to work from home part time. This significantly increased our support to our members through Whats App peer support, zoom activities and video conferencing peer support sessions. Our zoom meetings consisted of 1:1 weekly support and group activities of Art and crafts, poetry, quizzes, music therapy and social meetings. We further provided support to family carers.
We reopened again in September with some members choosing not to attend with increased anxiety about potential risks. In December 2020, under Government guidelines, we shut our building-based services for the 3rd time. Being more experienced with our online support we continued to engage our members with inspiring activities and group sessions. The service remained closed until 6th of April 2021.
Staff and Volunteers: The trustees wish to acknowledge the exceptional work of staff and volunteers in this most difficult year. The online work during lockdown was reported as exceptional by members and family carers. The ongoing commitment and professional approach of staff and volunteers continue in supporting our members to access our services safely. A special thank you to our drivers who have worked so very hard in extremely difficult times to safely transport our members to and from the centre.
The Board also wishes to say a big thank you to the volunteers who continue to offer a professional approach in running our Charity shop. The Board recognises the many changes required in their working practice to ensure the shop remained fully compliant with increased health and safety requirements. We are very grateful for their exceptional level of commitment, professionalism and support. Many of the volunteers at Peaceful Place charity shop have been supporting the Charity for over ten years. We cannot thank them enough for this level of dedication.
Fundraising: The Charity continues in its endeavour to seek alternative funding for projects and operational costs. This will be the focus for the next financial year to continue in our stability and service development growth.
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The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2021
FINANCIAL REVIEW
Principal funding sources
The charity relies on spot purchasing as its primary funding source with some private paying customers. However, this income does not cover full costs and the Charity is reliant on the income generated through fundraising and charity shop. Small grants from trusts for projects costs have been obtained.
Reserves policy
The Trustees recognise the need to keep free reserves to protect the Charity in case of loss of income and to support new opportunities as they arise. The Trustees have considered their reserves policy and have agreed maintaining free reserves (being general funds excluding those tied up in fixed assets or designated by the trustees) at a level between three and six months operating costs to ensure the Charity remains stable and viable for the future. The fund must remain above £122k to meet our reserves policy.
Funds in deficit
The charity made a £22.838 deficit during the year which is significantly less than our previous years deficit of £100,915. The Trustees were aware this deficit was likely considering the year of part closure.
FUTURE PLANS
The Trustees aim is to extend the outbuilding to accommodate the physical needs of our members by providing a dedicated space for low level sporting activity. The space will also ensure we can separate groups further reducing risk of Covid transmission. The focus in the coming year is to strengthen the service model through partnerships and service development opportunities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
CORONAVIRUS PANDEMIC
The Coronavirus pandemic during 2020 led to much uncertainty for the charity and it's staff and service users. The charity was very fortunate to receive some continued financial contributions from some of our local authorities. We further thank Charitable trusts for their support. The support of government schemes towards the furlough of staff also assisted in ensuring the financial stability of the charity.
The Trustees have reviewed the risk associated with Coronavirus after the balance sheet date and have designated an emergency fund of £100,000 for use should the charity suffer further financial disruption due to government restrictions or instances of service user or staff illness or isolation. Approved by order of the board of trustees on 15 October 2021 and signed on its behalf by: Mrs Ann Davenport Chair.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05618159 (England and Wales)
Registered Charity number
1127072
Registered office
261 Timberlog Lane Basildon Essex SS14 1PA
Trustees
Mr C Cormack (deceased 1.11.2020) Mrs A Davenport Chairperson Mrs S Hillier
Company Secretary
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The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
CORONAVIRUS PANDEMIC
The Coronavirus pandemic during 2020 lead to much uncertainty for the charity and it's staff and service users. The charity was very fortunate to receive some continued financial contributions from some of our local authorities. The support of government schemes towards the furlough of staff also assisted in ensuring the financial survival of the charity. The Trustees have reviewed the risk associated with Coronavirus after the balance sheet date and have designated an emergency fund of £100,000 for use should the charity suffer further financial disruption due to government restrictions or instances of service user or staff illness or isolation.
Approved by order of the board of trustees on 13 December 2021 and signed on its behalf by:
Mrs A Davenport - Trustee
Page 4
Independent Examiner's Report to the Trustees of The Peaceful Place Ltd
Independent examiner's report to the trustees of The Peaceful Place Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Hayley Meagher ICAEW 9130081 Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
13 December 2021
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The Peaceful Place Ltd
Statement of Financial Activities for the Year Ended 31 March 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 4 Core dementia services Other trading activities 3 Other income Total EXPENDITURE ON Raising funds 5 Charitable activities 6 Core dementia services Total NET INCOME/(EXPENDITURE) Transfers between funds 16 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 15,727 157,049 15,424 33,158 221,358 23,746 220,450 244,196 (22,838) 5,000 (17,838) 1,418,614 1,400,776 |
Restricted funds £ - 26,210 - - 26,210 - 26,210 26,210 - (5,000) (5,000) 5,000 - |
31.3.21 Total funds £ 15,727 183,259 15,424 33,158 247,568 23,746 246,660 270,406 (22,838) - (22,838) 1,423,614 1,400,776 |
31.3.20 Total funds £ 57,394 162,080 60,546 - 280,020 31,480 349,455 380,935 (100,915) - (100,915) 1,524,529 1,423,614 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 6
The Peaceful Place Ltd
Balance Sheet 31 March 2021
| Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Debtors 13 Cash at bank and in hand CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds: General fund Designated - Timberlog Lane Centre Redundancy reserve fund Covid emergency continuation fund Restricted funds TOTAL FUNDS |
Unrestricted funds £ 994,753 22,281 398,318 420,599 (14,576) 406,023 1,400,776 1,400,776 |
Restricted funds £ - - - - - - - - |
31.3.21 Total funds £ 994,753 22,281 398,318 420,599 (14,576) 406,023 1,400,776 1,400,776 324,598 936,178 40,000 100,000 1,400,776 - 1,400,776 |
31.3.20 Total funds £ 992,550 25,403 415,679 441,082 (10,018) 431,064 1,423,614 1,423,614 342,436 936,178 40,000 100,000 1,418,614 5,000 1,423,614 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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The Peaceful Place Ltd
Balance Sheet - continued 31 March 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 December 2021 and were signed on its behalf by:
Mrs A Davenport - Trustee
The notes form part of these financial statements
Page 8
The Peaceful Place Ltd
Cash Flow Statement for the Year Ended 31 March 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Taxation refund Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
31.3.21 £ 11,410 - 11,410 (27,476) (27,476) (16,066) 414,384 398,318 |
31.3.20 £ (57,547) (1) (57,548) (15,499) (15,499) (73,047) 487,431 414,384 |
|---|---|---|
The notes form part of these financial statements
Page 9
The Peaceful Place Ltd
Notes to the Cash Flow Statement for the Year Ended 31 March 2021
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Net expenditure for the reporting period (as per the Statement of | ||||
| Financial Activities) | (22,838) | (100,915) | ||
| Adjustments for: | ||||
| Depreciation charges | 25,273 | 22,880 | ||
| Decrease in debtors | 3,122 | 23,310 | ||
| Increase/(decrease) in creditors | 5,853 | (2,822) | ||
| Net cash provided by/(used in) operations | 11,410 | (57,547) | ||
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | |||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Cash in hand | - | 137 | ||
| Notice deposits (less than 3 months) | 398,318 | 415,542 | ||
| Overdrafts included in bank loans and overdrafts falling due within one year | - | (1,295) | ||
| Total cash and cash equivalents | 398,318 | 414,384 | ||
| 3. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.4.20 | Cash flow | At 31.3.21 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank and in hand | 415,679 | (17,361) | 398,318 | |
| Bank overdraft | (1,295) | 1,295 | - | |
| 414,384 | (16,066) | 398,318 | ||
| Total | 414,384 | (16,066) | 398,318 |
The notes form part of these financial statements
Page 10
The Peaceful Place Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Computer equipment - 50% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 2. DONATIONS AND LEGACIES Gifts and donations Fundraising income Legacies Grants Grants received, included in the above, are as follows: Cooperative Trust Fowler Smith and Jones Trust Other grants 3. OTHER TRADING ACTIVITIES Shop income 4. INCOME FROM CHARITABLE ACTIVITIES Activity Day centre fees Core dementia services Grants Core dementia services Grants received, included in the above, are as follows: Essex Community Foundation The Albert Hunt Trust Lottery Community Fund Groundwork UK |
31.3.21 £ 4,387 - - 11,340 15,727 31.3.21 £ - - 11,340 11,340 31.3.21 £ 15,424 31.3.21 £ 157,049 26,210 183,259 31.3.21 £ - - 25,050 1,160 26,210 |
31.3.20 £ 32,009 5,898 17,352 2,135 57,394 31.3.20 £ 135 2,000 - 2,135 31.3.20 £ 60,546 31.3.20 £ 154,080 8,000 |
31.3.20 £ 32,009 5,898 17,352 2,135 57,394 31.3.20 £ 135 2,000 - 2,135 31.3.20 £ 60,546 31.3.20 £ 154,080 8,000 |
|---|---|---|---|
| 162,080 | |||
| 31.3.20 £ 3,000 5,000 - - 8,000 |
|||
| 8,000 |
continued...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
5. RAISING FUNDS
| Raising donations and legacies | ||||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Staff costs | 7,041 | 23,035 | ||
| Fundraising expenses | 176 | 354 | ||
| Support costs | - | 63 | ||
| 7,217 | 23,452 | |||
| Other trading activities | ||||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Staff costs | 7,435 | - | ||
| Rent | 3,770 | 3,480 | ||
| Cleaning materials | 36 | - | ||
| Telephone and internet | 615 | 426 | ||
| Printing and postage | 149 | 576 | ||
| Repairs and renewals | 1,987 | 198 | ||
| Insurance | 99 | 270 | ||
| Light and heat | 309 | 751 | ||
| Waste disposal | 693 | 1,559 | ||
| Water and rates | 142 | 443 | ||
| Direct costs | 794 | - | ||
| Catering | - | 18 | ||
| Travelling | - | 307 | ||
| Volunteer Gifts | 500 | - | ||
| 16,529 | 8,028 | |||
| Aggregate amounts | 23,746 | 31,480 | ||
| 6. | CHARITABLE ACTIVITIES COSTS | |||
| Support | ||||
| Direct | costs (see | |||
| Costs | note 7) | Totals | ||
| £ | £ | £ | ||
| Core dementia services | 243,470 | 3,190 | 246,660 |
continued...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
7. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Core dementia services | 850 | 2,340 | 3,190 |
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Other non-audit services | 2,340 | 2,340 | |
| Depreciation - owned assets | 25,273 | 22,879 | |
| Other operating leases | 3,770 | 3,480 |
8. NET INCOME/(EXPENDITURE)
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Operational Fundraising |
31.3.21 £ 167,428 8,645 2,388 178,461 31.3.21 6 - 6 |
31.3.20 £ 218,885 12,538 2,987 |
||
|---|---|---|---|---|
| 234,410 | ||||
| 31.3.20 12 1 13 |
No employees received emoluments in excess of £60,000.
continued...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Core dementia services Other trading activities Total EXPENDITURE ON Raising funds Charitable activities Core dementia services Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 12. TANGIBLE FIXED ASSETS Fixtures Freehold and property fittings £ £ COST At 1 April 2020 936,178 65,188 Additions - 7,221 At 31 March 2021 936,178 72,409 DEPRECIATION At 1 April 2020 - 38,373 Charge for year - 15,529 At 31 March 2021 - 53,902 NET BOOK VALUE At 31 March 2021 936,178 18,507 At 31 March 2020 936,178 26,815 |
ACTIVITIES Unrestricted funds £ 57,394 154,080 60,546 272,020 31,480 346,455 377,935 (105,915) 1,524,529 1,418,614 Motor vehicles £ 69,001 20,255 89,256 40,045 9,487 49,532 39,724 28,956 |
Restricted funds £ - 8,000 - 8,000 - 3,000 3,000 5,000 - 5,000 Computer equipment £ 1,027 - 1,027 426 257 683 344 601 |
Total funds £ 57,394 162,080 60,546 280,020 31,480 349,455 380,935 (100,915) 1,524,529 1,423,614 Totals £ 1,071,394 27,476 1,098,870 78,844 25,273 104,117 994,753 992,550 |
|
|---|---|---|---|---|
continued...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments and accrued income 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 15) Trade creditors Social security and other taxes Pension Other creditors Accruals and deferred income 15. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 16. MOVEMENT IN FUNDS Net movement At 1.4.20 in funds £ £ Unrestricted funds General fund 342,436 (22,838) Designated - Timberlog Lane Centre 936,178 - Redundancy reserve fund 40,000 - Covid emergency continuation fund 100,000 - 1,418,614 (22,838) Restricted funds Minibuses grants 5,000 - TOTAL FUNDS 1,423,614 (22,838) |
31.3.21 £ 2,625 19,656 22,281 31.3.21 £ - 6,184 3,437 - 180 4,775 14,576 31.3.21 £ - Transfers between funds £ 5,000 - - - 5,000 (5,000) - |
31.3.20 £ 19,226 6,177 25,403 31.3.20 £ 1,295 1,494 4,531 358 - 2,340 10,018 31.3.20 £ 1,295 At 31.3.21 £ 324,598 936,178 40,000 100,000 |
|---|---|---|
| 1,400,776 - |
||
| 1,400,776 |
Page 16
continued...
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Lottery Covid Fund Groundwork UK TOTAL FUNDS |
Incoming resources £ 221,358 25,050 1,160 26,210 247,568 |
Resources Movement expended in funds £ £ (244,196) (22,838) (25,050) - (1,160) - (26,210) - (270,406) (22,838) |
Resources Movement expended in funds £ £ (244,196) (22,838) (25,050) - (1,160) - (26,210) - (270,406) (22,838) |
|---|---|---|---|
| - | |||
| (22,838) |
Comparatives for movement in funds
| Unrestricted funds General fund Designated - Timberlog Lane Centre Redundancy reserve fund Covid emergency continuation fund Restricted funds Minibuses grants TOTAL FUNDS |
At 1.4.19 £ 556,351 936,178 32,000 - 1,524,529 - 1,524,529 |
Net movement in funds £ (105,915) - - - (105,915) 5,000 (100,915) |
Transfers between funds £ (108,000) - 8,000 100,000 - - - |
At 31.3.20 £ 342,436 936,178 40,000 100,000 |
|---|---|---|---|---|
| 1,418,614 5,000 |
||||
| 1,423,614 |
continued...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
16. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 272,020 Restricted funds Minibuses grants 5,000 Essex Community Foundation 3,000 8,000 TOTAL FUNDS 280,020 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.19 in funds £ £ Unrestricted funds General fund 556,351 (128,753) Designated - Timberlog Lane Centre 936,178 - Redundancy reserve fund 32,000 - Covid emergency continuation fund - - 1,524,529 (128,753) Restricted funds Minibuses grants - 5,000 TOTAL FUNDS 1,524,529 (123,753) |
Incoming resources £ Unrestricted funds General fund 272,020 Restricted funds Minibuses grants 5,000 Essex Community Foundation 3,000 8,000 TOTAL FUNDS 280,020 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.19 in funds £ £ Unrestricted funds General fund 556,351 (128,753) Designated - Timberlog Lane Centre 936,178 - Redundancy reserve fund 32,000 - Covid emergency continuation fund - - 1,524,529 (128,753) Restricted funds Minibuses grants - 5,000 TOTAL FUNDS 1,524,529 (123,753) |
Resources expended £ (377,935) - (3,000) (3,000) (380,935) Transfers between funds £ (103,000) - 8,000 100,000 5,000 (5,000) - |
Movement in funds £ (105,915) 5,000 - 5,000 (100,915) At 31.3.21 £ 324,598 936,178 40,000 100,000 1,400,776 - 1,400,776 |
|---|---|---|---|
continued...
Page 18
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Minibuses grants Essex Community Foundation Lottery Covid Fund Groundwork UK TOTAL FUNDS |
Incoming resources £ 493,378 5,000 3,000 25,050 1,160 34,210 527,588 |
Resources Movement expended in funds £ £ (622,131) (128,753) - 5,000 (3,000) - (25,050) - (1,160) - (29,210) 5,000 (651,341) (123,753) |
|---|---|---|
Restricted Funds:
Restricted funds held are for separable funded projects that are in relation to projects relating to the operation of the day centre.
Designated Funds: Timberlog Lane Fund: This fund holds designated monies in respect of expected spending towards the conversion of the Timberlog Lane site into a new day centre which will not be funded by grants received.
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 19
The Peaceful Place Ltd
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts and donations | 4,387 | 32,009 |
| Fundraising income | - | 5,898 |
| Legacies | - | 17,352 |
| Grants | 11,340 | 2,135 |
| 15,727 | 57,394 | |
| Other trading activities | ||
| Shop income | 15,424 | 60,546 |
| Charitable activities | ||
| Day centre fees | 157,049 | 154,080 |
| Grants | 26,210 | 8,000 |
| 183,259 | 162,080 | |
| Other income | ||
| Other Income | 33,158 | - |
| Total incoming resources | 247,568 | 280,020 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 6,527 | 21,101 |
| Social security | 396 | 1,517 |
| Pensions | 118 | 417 |
| Fundraising expenses | 176 | 354 |
| 7,217 | 23,389 | |
| Other trading activities | ||
| Casual Wages | 7,435 | - |
| Rent | 3,770 | 3,480 |
| Cleaning materials | 36 | - |
| Telephone and internet | 615 | 426 |
| Printing and postage | 149 | 576 |
| Repairs and renewals | 1,987 | 198 |
| Insurance | 99 | 270 |
| Light and heat | 309 | 751 |
| Waste disposal | 693 | 1,559 |
| Water and rates | 142 | 443 |
| Direct costs | 794 | - |
| Catering | - | 18 |
| Travelling | - | 307 |
| Carried forward | 16,029 | 8,028 |
This page does not form part of the statutory financial statements
Page 20
The Peaceful Place Ltd
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| Other trading activities | ||
| Brought forward | 16,029 | 8,028 |
| Volunteer Gifts | 500 | - |
| 16,529 | 8,028 | |
| Charitable activities | ||
| Day centre wages | 153,466 | 197,784 |
| Social security | 8,249 | 11,021 |
| Pensions | 2,270 | 2,570 |
| Rent & rates | - | (363) |
| Insurance | 1,131 | 2,417 |
| Light and heat | 3,295 | 4,523 |
| Telephone | 2,895 | 2,434 |
| Postage and stationery | 1,138 | 3,137 |
| Activity equipment & materials | 940 | 4,678 |
| Catering | 3,067 | 9,482 |
| Cleaning & medical supplies | 2,406 | 4,304 |
| IT software & consumables | 3,771 | 6,231 |
| Maintenance and ground repairs | 1,138 | 3,570 |
| Advertising & marketing | 421 | 633 |
| Miscellaneous | - | 549 |
| Plant repairs & maintenance | 1,385 | 432 |
| Professional Fees | 792 | 11,162 |
| Subscriptions and licences | 480 | 729 |
| Protective clothing & uniform | 2,069 | 213 |
| Training & Travel | 2,192 | 1,273 |
| Vehicle expenses | 5,986 | 14,072 |
| Waste disposal | 1,572 | 1,793 |
| Advocacy services | - | 26,517 |
| Staff entertaining | 270 | - |
| Bookkeeping | 3,694 | 4,495 |
| Project Costs | 9,360 | - |
| HR & risk assessment | 6,210 | 9,347 |
| Fixtures and fittings | 15,529 | 14,022 |
| Motor vehicles | 9,487 | 8,625 |
| Computer equipment | 257 | 233 |
| 243,470 | 345,883 | |
| Support costs | ||
| Finance | ||
| Bank charges | 850 | 1,295 |
| Governance costs | ||
| Auditors' remuneration for non audit work | 2,340 | 2,340 |
| Total resources expended | 270,406 | 380,935 |
| Net expenditure | (22,838) | (100,915) |
This page does not form part of the statutory financial statements
Page 21